TCR_Public/160920.mbx          T R O U B L E D   C O M P A N Y   R E P O R T E R

              Tuesday, September 20, 2016, Vol. 20, No. 263

                            Headlines

1ST CHOICE: Can Use Cash Collateral on Interim Basis
5 STAR INVESTMENT: Trustee Sells Elkhart Property for $245K
A CHICAGO CONVENTION: Sept. 29 Auction for Chicago Property Okayed
ACCUDYNE INDUSTRIES: S&P Revises Outlook to Neg. & Affirms B- CCR
ACTRONIX INC: Exit Plan Proposes to Sell Assets to Pay Creditors

ADAMS TRACTOR: Can Use Cash Collateral on Interim Basis
ADVANCED MICRO: Completes Common Stock and Notes Offering
ALPHATEC HOLDINGS: Signs Separation Agreement with Former CEO
ALSON ALSTON: Disclosure Statement Hearing on October 18
AMBASSADOR ENERGY: Unsecureds To Be Paid $30,000 Per Month

AMERICAN BATH: Moody's Assigns B3 Corporate Family Rating
AMERICAN BATH: S&P Assigns 'B' CCR; Outlook Stable
AMERICAN SUNBELT: Can Use Cash Collateral on Interim Basis
AMPLIPHI BIOSCIENCES: Amends 4.75M Shares Prospectus with SEC
ANADARKO PETROLEUM: Moody's Affirms Ba1 CFR; Outlook Stable

AOG ENTERTAINMENT: Hires Prager as Royalty Consultants
APOLLO MEDICAL: Stockholders Elect Seven Directors
ASPEN GROUP: Incurs $505,000 Net Loss in July 31 Quarter
AURORA GAS: Sale of C-Plan to Cook Inlet Energy for $20K Approved
AVANTI COMMUNICATIONS: Seeks to Make Bond Payments with Debt

BASIC ENERGY: Enters Into Forbearance Pact with Secured Lenders
BASIC ENERGY: Moody's Lowers CFR to Ca, Outlook Remains Neg.
BASIC ENERGY: S&P Lowers CCR to 'D' on Missed Interest Payment
BD WHITE: S&P Affirms 'B' CCR & Revises Outlook to Stable
BEN CLARK JR: Plan Outline Okayed, Confirmation Hearing on Oct. 12

BEVERLY GRUARIN: Disclosure Statement Hearing on October 4
BILL BARRETT: To Post Updated Investor Presentation on Website
BILLINGSLEY PRECISION: Can Use Cash Collateral on Final Basis
BLUE LEOPARD: Can Use Cash Collateral on Interim Basis
BORDER EXPRESS: Can Get $12K Financing From RREF CB SBL II-AL KKI

BRAD RAULERSON: U.S. Trustee Unable to Appoint Committee
BRAZOS PRESBYTERIAN: Fitch Assigns 'BB+' Rating on $79MM Bonds
BUFFETS LLC: Have Until Sept. 30 to File Chapter 11 Plan
BUILDERS FIRSTSOURCE: Modifies Dutch Auction Tender Offer
C SWANK ENTERPRISES: Voluntary Chapter 11 Case Summary

C-LEVELED LLC: U.S. Trustee Unable to Appoint Committee
CAFE SERENDIPITY: Mark Noffke Quits as CEO, CFO and Director
CALMARE THERAPEUTICS: Insufficient Cash Raises Going Concern Doubt
CANCER GENETICS: J. El Naggar to Quit as VP Research & Development
CASTLE PINES: Wants to Use Ameris Bank Cash Collateral

CATINA KEARES: Selling Exton Property to Intermedia for $750K
CHARLOTTE SALWASSER: Will Distribute $200K-$500K to Unsecureds
CHRISTOPHER HAMILTON: Unsecured Creditors to Get 1.12% of Claims
CLAIRE'S STORES: Elects to Delay $77-Mil. Interest Payments
CLAIRE'S STORES: Needs More Time to File Quarterly Report

CLAIRE'S STORES: Reports Fiscal 2016 2nd Quarter Results
CLAIRE'S STORES: Supplements Credit Agreement Amendment
COBALT INTERNATIONAL: To Terminate Rowan Drilling Contract Early
COLOR LANDSCAPES: Has Until Nov. 8 to Use BB&T Cash
COLOURS INC: Unsecureds To Be Paid in Full With Interest at 6.25%

CONSTELLIS HOLDINGS: Moody's Affirms B3 CFR, Outlook Stable
CORTES NP: S&P Assigns 'B+' CCR; Outlook Stable
CRAIG'S GUNS: Exclusive Plan Filing Period Extended to Nov. 16
CREATIVE FOODS: Can Use Cash Collateral Through Sept. 23
CV SETTLEMENT: Selling Orange Beach Lots to Truland Homes

CWGS ENTERPRISES: S&P Affirms 'B+' Corporate Credit Rating
CYU LITHOGRAPHICS: Voluntary Chapter 11 Case Summary
D.J. SIMMONS: Sale of 9 Pumpjacks to Bakken for $41K Approved
DAIRY FARMERS: S&P Rates Proposed $100MM Equity Securities 'BB+'
DAKOTA PLAINS: Thomas Pratt Named as Director

DALLAS PROTON: Cash Use to Pay for Land Survey Approved
DEAN YOUNG: U.S. Trustee Unable to Appoint Committee
DELIVERY AGENT: Proposes $19M DIP Financing From Hillair
DELIVERY AGENT: Proposes Hillair-Led Auction on Nov. 4
DENNIS LEE EDWARDS: Sept. 29 Disclosures, Plan Confirmation Hearing

DENTON HARDWOODS: Can Use BB&T Cash Through Sept. 20
DETROIT, MI: Reaches Milestone in Bankruptcy Recovery
DEWDROP ENTERPRIZES: Disclosures OK'd; Plan Hearing on Sept. 23
DEXTER AXLE: Moody's Retains B2 CFR on Companies Acquisition
DEXTER AXLE: S&P Affirms 'B+' Rating on $390MM Term Loan

DIVERSIFIED RESOURCES: Delays Filing of July 31 Form 10-Q
ECOSPHERE TECHNOLOGIES: Obtains $250,000 Financing from Brisben
ELBIT IMAGING: Closes Debt Repayment Agreement with Financing Bank
ELBIT IMAGING: Unit Closes Sale of Riga Plaza for EUR93.4 Million
EMMAUS LIFE: Inks Share Purchase Agreement with KPM and Hanil

ENERGY FUTURE: Bankruptcy Court OKs NextEra Mergers Agreements
ENUMERAL BIOMEDICAL: Unit Extends NCI Contract Until March 2017
EPICENTER PARTNERS: Hires Beus Gilbert to Assist in Re-Zoning
ERF WIRELESS: Taps AEI to Evaluate Options, Mulls Restructuring
ERNETTE MARTIN: Hearing on Disclosures Set For Oct. 18

EUROMODAS INC: Unsecured Creditors to Get 5% Under Exit Plan
EXOTICA ACADEMY: Wants 60-Day Exclusivity Periods Extension
FALCON GENOMICS: U.S. Trustee Unable to Appoint Committee
FINJAN HOLDINGS: Awarded U.S. Patent for Malicious Mobile Code
FIRED UP: Sale of Used Equipment in Katy for $17K Approved

FLAVORS HOLDINGS: S&P Lowers CCR to 'B-', Outlook Negative
FOODSERVICEWAREHOUSE.COM: Selling Loubat Marks for $1.5K
FOODSERVICEWAREHOUSE.COM: Selling SubTech Assets for $200K
FOUR DIA: Can Use Cash Collateral Through Sept. 30
FULLCIRCLE REGISTRY: Appoints Findley as CEO and Long as CFO

FUNCTION(X) INC: To Effect a 1-for-20 Reverse Stock Split
G-III APPAREL: S&P Assigns 'BB-' CCR, Outlook Stable
GARDEN OF EDEN: U.S. Trustee Forms 3-Member Committee
GENWORTH LIFE: S&P Lowers Financial Strength Ratings to 'BB-'
GERALD GARAPICH: Sale of Henderson Property for $1.2M Approved

GERARD BOEH FLOWERS: U.S. Trustee Unable to Appoint Committee
GKI INCORPORATED: Case Summary & 20 Largest Unsecured Creditors
GOLFSMITH INTERNATIONAL: S&P Lowers CCR to 'D' on Bankr. Filing
GOLFSMITH INTERNATIONAL: Seeks $135-Mil. DIP Financing
GRAND PANAMA: Court Allows Use of AKSIM Cash on Final Basis

GREAT BASIN: Amends Current Report to Clarify Reverse Stock Split
GREAT BASIN: Had 1.2M Outstanding Common Shares as of Sept. 16
GREAT BASIN: Stockholders Elect Two Class II Directors
GYMBOREE CORP: Bank Debt Trades at 21.5% Off
H. BURKHART: U.S. Trustee Unable to Appoint Committee

HAPPY JACK'S: Case Summary & 20 Largest Unsecured Creditors
HARRINGTON & KING: Can Use Cash Collateral Until Sept. 16
HEARING HELP: Can Use Better Hearing Cash Until Sept. 30
HERCULES OFFSHORE: Overhauls Plan to Improve Shareholder Recovery
HIGHWAY 72 PROPERTIES: U.S. Trustee Unable to Appoint Committee

HILTZ WASTE: Court Sets Sept. 9 Hearing on Cash Use
IEC RENTALS: Plan Outline Conditionally OK'd; Hearing on Sept. 28
INTERPACE DIAGNOSTICS: Kapila Ratnam Quits as Director
INVENTIV HEALTH: S&P Revises Outlook to Pos. & Affirms 'B' CCR
IRELAND NEEDLECRAFT: Can Use Cash Collateral Until Nov. 5

IRON BRIDGE TOOLS: Wants Oct. 27 Exclusive Plan Filing Period Ext.
ITT EDUCATIONAL: SNHU Agrees to Help DWC Students
JT TRANSIT: Wants Authorization to Use Cash Collateral
K4M CONSTRUCTION: Files Plan to Exit Chapter 11 Protection
KATERA'S KOVE: Hires Robert W. Koehler as Attorney

KATERA'S KOVE: M. Barajas Appointed Patient Care Ombudsman
KENNETH HAND SALES: Hires Flener as Counsel
KINEMED INC: Has Until December 31 to File Chapter 11 Plan
KRISHNA ASSOCIATES: Unsecureds To Be Paid From Sale Proceeds
LANDS' END: Moody's Lowers CFR to B2; Outlook Remains Stable

LEDGES LLC: Court Extends Exclusive Plan Filing Period to Sept. 30
LIGHTSTREAM RESOURCES: Begins CCAA Process, Forbearance Agreement
LUCAS ENERGY: DBS Investments Reports 8.1% Stake as of Aug. 25
MAHI LLC: Can Use United Community Bank Cash Until Sept. 28
MATTHEW HALPER: Files Plan to Exit Chapter 11 Protection

MEDAK TRUCKING: Seeks Authorization to Use Cash Collateral
MEDFORD TRUCKING: Disclosure Statement Hearing on September 29
MEDICAL INVESTORS: Court Denies Use of Cash Collateral
MESA MARKETPLACE: Wants to Use Cathay Bank Cash Collateral
MILLENIUM HOME: Can Use IRS Cash Collateral on Final Basis

MOUNTAIN THUNDER: Involuntary Chapter 11 Case Summary
MRI SOFTWARE: S&P Affirms 'B+' Rating on New $40MM Loan Add-on
MULTI PACKAGING SOLUTIONS: Moody's Hikes CFR to B1; Outlook Stable
MUSCLEPHARM CORP: Wynnefield Holds 8.3% Stake as of Sept. 15
MYPLAY DIRECT: Hires Halperin Battaglia as Counsel

NATURESCAPE HOLDING: Involuntary Chapter 11 Case Summary
NEIMAN MARCUS: Bank Debt Trades at 6.04% Off
NEXT GROUP HOLDINGS: Capital Deficiency Raises Going Concern Doubt
NEXTSTEP DEVELOPMENT: Can Use WienRitter Realty Cash Collateral
NJOY INC: Case Summary & 20 Largest Unsecured Creditors

NJOY INC: E-Cigarettes Seller Files for Bankruptcy Protection
O2 PARTNERS: Moody's Rates Proposed $212MM Facilities B2
OASIS PETROLEUM: S&P Affirms 'B+' CCR & Revises Outlook to Stable
P & L GAS DISPENSERS: Disclosure Statement Hearing on October 5
PATRIOT ONE: U.S. Trustee Unable to Appoint Committee

PEN INC: Accumulated Deficit Raises Going Concern Doubt
PHOENIX BRANDS: Wants Jan. 14 Exclusive Plan Filing Extension
PHOTO STENCIL: Hires EKS&H for Accounting Services
PICO HOLDINGS: Bloggers Say UCP To Sell For Land Value Only
PNW ARMS:  Court Inks Approval of ZB N.A. Cash Use Agreement

PORTO RESOURCES: Unsecureds To Be Paid in Full Under Plan
PRESS GANEY: S&P Assigns 'B' CCR After EQT Acquisition
PRIME GLOBAL: Incurs US$220,000 Net Loss in Third Quarter
PROGRESSIVE ACUTE: Can Use Cash Collateral Until Oct. 18
QPAGOS: Needs Additional Funds to Meet Working Capital Needs

QUALITY FLOAT: Can Use First Midwest's Cash Through Oct. 18
R DUKE ENTERPRISES: Cash Use Motion Mooted by Dismissal
RANGE RESOURCES: Moody's Affirms Ba3 CFR; Outlook Stable
REO HOLDINGS: Trustee Selling Pleasant Property for $8.5K
RIAZ GONDAL: Unsecureds to Get Payment for Disposable Income

ROBERT ABRAHAM: Unsecured Creditors to Receive $200 Per Month
ROBINSON PREMIUM: Meeting to Form Creditors' Panel Set for Oct. 19
SECURITY GLOBAL: Hires Cordero as Attorney
SFX ENTERTAINMENT: Given Until Oct. 31 to File Reorganization Plan
SFX ENTERTAINMENT: Offers Up to 1.3% Recovery for Unsec. Creditors

SIX-S HOLDINGS: Hires Harris Wilcox as Auctioneer
SSNN-BONNIE LANE: BMO Harris Tries To Block Plan Outline Approval
STANDFAST USA: Voluntary Chapter 11 Case Summary
STONE PANELS: Can Use PrivateBank Cash Collateral Until Sept. 27
STRATEGIC ENVIRONMENTAL: Case Summary & 8 Unsecured Creditors

STW RESOURCES: U.S. Trustee Forms 3-Member Committee
TENET HEALTHCARE: Amends Credit Agreement with Barclays Bank
TERRENO REALTY: Fitch Affirms 'BB' Rating on Preferred Stock
TEXARKANA ARKANSAS: Wants to Use Collateral of Midsouth and SBA
THAMAR LI: Hires Santiago & Gonzalez as Attorney

TIBCO SOFTWARE: Bank Debt Trades at 2.35% Off
TJ SIGN: Authorized to Use Cash Collateral on Final Basis
TOTAL COMM: Hires John Bambach of Bambach Advisors as CRO
TOWERSTREAM CORP: Amends $5-Mil. Securities Prospectus with SEC
TRICIA STAR: Disclosure Statement Hearing Set For Sept. 29

TWO MILE RANCH: Says Farmers Consents to Cash Use Until Dec. 31
TXU CORP: 2014 Bank Debt Trades at 69.95% Off
TXU CORP: 2017 Bank Debt Trades at 69.46% Off
UNIVERSAL NUTRIENTS: Exeter DIP Financing Approved on Final Basis
US STEEL: S&P Revises Outlook to Stable & Affirms 'B' CCR

VERNUS GROUP: Unsecureds To Recover 95% Under Plan
WATERPROOF UNLIMITED: Hires Craft as Financial Advisor & Accountant
WILLMAN CONSTRUCTION: Unsecureds' Recovery Unknown Under Plan
XG TECHNOLOGY: Needs More Capital to Continue as a Going Concern
XPRESS SUPPLY: Hearing on Plan Disclosures Set For Oct. 3

Y&K SUN: Auction Procedures for Lakewood Property Approved
YELLOW CAB OF RENO: Court OKs Disclosures, Confirms Ch. 11 Plan
YELLOW CAB: Committee Proposes Plan of Liquidation
YELLOW CAB: Committee Seeks Nov. 9 Hearing on Liquidation Plan
YELLOW CAB: Hires CJBS as Accountants

YELLOW CAB: Proposes to Sell Operating Assets to Pay Creditors
ZAFS INVESTMENTS: Files Plan to Exit Chapter 11 Protection
[^] Large Companies with Insolvent Balance Sheet

                            *********

1ST CHOICE: Can Use Cash Collateral on Interim Basis
----------------------------------------------------
Judge Austin E. Carter of the U.S. Bankruptcy for the Middle
District of Georgia authorized 1st Choice Compliance, Inc. to use
the cash in the Debtor's Debtor-In-Possession account on an interim
basis.

Judge Carter allowed the Debtor to use cash collateral pending a
final hearing, so as to avoid irreparable harm to the Debtor and
its estate.

The Debtor was directed to make adequate protection payments to
Ameris Bank in the amount of $246.65 per month, and provide Ameris
Bank with:

     (a) its 2013, 2014 and 2015 tax return,

     (b) each financial statement prepared by or on behalf of the
Debtor during the previous 3 years,

     (c) bank statements for the last 3 years, and

     (d) any deposit and expenditure ledgers for the last 3 years,
to the extent that the same exists and may be retrieved without the
assistance of an accountant.


A further hearing on the Debtor's use of cash collateral is
scheduled on Sept. 14, 2016 at 2:00 p.m.


A full-text copy of the Interim Cash Collateral Order dated
September 6, 2016 is available at https://is.gd/WpaHzS


              About 1st Choice Compliance, Inc.

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


5 STAR INVESTMENT: Trustee Sells Elkhart Property for $245K
-----------------------------------------------------------
Douglas R. Adelsperger, Trustee for 5 Star Investment Group, LLC,
and affiliates ask the U.S. Bankruptcy Court for the Northern
District of Indiana to authorize the private sale of real estate
real estate in Elkhart County, Indiana, to Bill Schweinzger or his
assignee, for $245,000.

Prior to the Petition Date, on Nov. 5, 2015, the U.S. Securities
Exchange Commission filed a complaint against the Debtors' sole
owner, Earl D. Miller, 5 Star Capital Fund, LLC, and 5 Star
Commercial, LLC, in the U.S. Bankruptcy Court for the Northern
District of Indiana, Hammond Division, alleging that Miller, 5 Star
Capital Fund, LLC and 5 Star Commercial, LLC, defrauded at least 70
investors from whom they raised funds of at least $3,900,000.
Additionally, on Nov. 5, 2015, the SEC obtained an ex parte
Temporary Restraining Order, asset freeze and other emergency
relief in the SEC Action.

On the Petition Date, the Debtor, 5 Star Investment Group V, LLC,
was the sole owner of real estate in Elkhart County, Indiana ("5
Star V Real Estate") commonly known as: (a) 27654 Cobblestone Way
("Cobblestone Way"), (b) 2718 Oakland Avenue ("Oakland Avenue"),
(c) 1518 Columbian Drive ("Columbian Drive"), and (d) 3143 Kelsey
Avenue ("Kelsey Avenue").

On the Petition Date, the Debtor, 5 Star Investment Group IV, LLC,
was the sole owner of real estate located in Elkhart County,
Indiana, 509 Massachusetts Avenue, Elkhart, Indiana ("Massachusetts
Avenue").

The Debtors, 5 Star Investment Group IV and 5 Star Investment Group
V listed the combined value of the 5 Star V Real Estate and the
Massachusetts Avenue ("Real Estate") on their Schedule A at
approximately $230,200, which is based on the combined 2014/2015
tax assessed value of the Real Estate.

The Real Estate is subject to the following tax liens for real
estate taxes for 2015 that are due and payable in 2016 ("Tax
Liens"): (a) Cobblestone Way in the approximate sum of $1,122; (b)
Oakland Avenue in the approximate sum of $977; (c) Columbian Drive
in the approximate sum of $1,011; (d) Kelsey Avenue in the
approximate sum of $917; and (e) Massachusetts Avenue in the
approximate sum of $994.  Accordingly, the total outstanding
balances of the Tax Liens is approximately $5,021.

The Real Estate is subject to the following liens for storm drain
separation fees and other assessments for 2015 that are due and
payable in 2016 ("Assessment Liens): (a) Cobblestone Way in the
approximate sum of $17; (b) Oakland Avenue in the approximate sum
of $214; (c) Columbian Drive in the approximate sum of $142; (d)
Kelsey Avenue in the approximate sum of $17; and (e) Massachusetts
Avenue in the approximate sum of $17. Accordingly, the total
outstanding balances of the Assessment Liens is approximately
$407.

Columbian Drive is also subject to a judgment lien in favor of
Discover Bank for its judgment against the former property owner,
Eduardo Abarca, entered on Dec. 1, 2008, in the Elkhart County
(Indiana) Circuit Court ("Judgment Lien").  The outstanding balance
of the Judgment Lien is approximately $15,013.

The Real Estate is also subject to various mortgages ("Investor
Mortgages") as follows:

   a. Cobblestone Way: A first priority mortgage in favor of Glen
J. Riegsecker dated Jan. 27, 2012 ("Riegsecker Mortgage"). The
Riegsecker Mortgage was recorded on Feb. 10, 2012 in the Office of
the Recorder for Elkhart County (Indiana), as Instrument No.
2012-002946.

   b. Oakland Avenue: A first priority mortgage in favor of John
and Janice Swardson dated April 30, 2012 ("Swardson Mortgage"). The
Swardson Mortgage was recorded on May 1, 2012 in the Office of the
Recorder for Elkhart County (Indiana), as Instrument No.
2012-009636.

   c. Columbian Drive:

       i. A first priority mortgage in favor of The Paul and Mary
Witmer Revocable Trust dated June 21, 2011 ("Witmer Trust
Mortgage"). The Witmer Trust Mortgage was recorded on July 1, 2011
in the Office of the Recorder for Elkhart County (Indiana), as
Instrument No. 2011-012029 and rerecorded on Oct. 1, 2012 as
Instrument No. 2012-023569.

      ii. A second priority mortgage in favor of Marion Bontrager
dated June 21, 2011 ("Bontrager Mortgage"). The Bontrager Mortgage
was recorded on July 1, 2011 in the Office of the Recorder for
Elkhart County (Indiana), as Instrument No. 2011-012030.

     iii. A third priority mortgage in favor of Melvin Kuhns dated
Feb. 25, 2013 ("M. Kuhns Mortgage"). The M. Kuhns Mortgage was
recorded on March 22, 2013 in the Office of the Recorder for
Elkhart County (Indiana), as Instrument No. 2013-06843.

   d. Kelsey Avenue:

       i. A first priority mortgage in favor of Joseph and Joann
Miller dated July 26, 2012 ("Miller Mortgage"). The Miller Mortgage
as recorded on Aug. 6, 2012 in the Office of the Recorder for
Elkhart County (Indiana), as Instrument No. 2012-018952.

      ii. A second priority mortgage in favor of Amos Eicher dated
July 31, 2012 ("Eicher Mortgage"). The Eicher Mortgage was recorded
on Aug. 6, 2012 in the Office of the Recorder for Elkhart County
(Indiana), as Instrument No. 2012-018953.

     iii. A third priority mortgage in favor of The Ervin M. and
Anna Bontrager Living Trust dated Oct. 12, 2012 ("Bontrager Trust
Mortgage").  The Bontrager Trust Mortgage was recorded on Nov. 26,
2012 in the Office of the Recorder for Elkhart County (Indiana), as
Instrument No. 2012-028412.

   e. Massachusetts Avenue:

       i. A first priority mortgage in favor of Paul Schwartz dated
Dec. 15, 2010 ("Schwartz Mortgage").  The Schwartz Mortgage was
recorded on Dec. 20, 2010 in the Office of the Recorder for Elkhart
County (Indiana), as Instrument No. 2010-25455.

      ii. A second priority mortgage in favor of Paul and Mary Ann
Witmer dated May 17, 2013 ("Witmer Mortgage").  The Witmer Mortgage
was recorded on May 24, 2013 in the Office of the Recorder for
Elkhart County (Indiana), as Instrument No. 2013-12389.

     iii. A third priority mortgage in favor of Shannon Long dated
March 18, 2014 ("Long Mortgage").  The Long Mortgage was recorded
on March 27, 2014 in the Office of the Recorder for Elkhart County
(Indiana), as Instrument No. 2014-05286.

     iv. A fourth priority mortgage in favor Melvin and Emma Kuhns
dated March 18, 2014 ("Kuhns Mortgage"). The Kuhns Mortgage was
recorded on April 9, 2014 in the Office of the Recorder for Elkhart
County (Indiana), as Instrument No. 2014-06082.

      v. A fifth priority mortgage in favor of Andrew Graber dated
June 4, 2014 ("Graber Mortgage").  The Graber Mortgage was recorded
on June 30, 2014 in the Office of the Recorder for Elkhart County
(Indiana), as Instrument No. 2014-11479.

     vi. A sixth priority mortgage in favor of Iva Mae Raber dated
June 30, 2014 ("Raber Mortgage").  The Raber Mortgage was recorded
on July 10, 2014 in the Office of the Recorder for Elkhart County
(Indiana), as Instrument No. 2014-12272.

Upon information and belief, the outstanding balances owed pursuant
to the Investor Mortgages are: (a) Riegsecker Mortgage is
approximately $92,554; (b) Swardson Mortgage is approximately
$69,250; (c) Witmer Trust Mortgage is approximately $21,145; (d)
Bontrager Mortgage is approximately $47,577; (e) M. Kuhns Mortgage
is approximately $14,273; (f) Miller Mortgage is approximately
$15,859; (g) Eicher Mortgage is approximately $50,500; (h)
Bontrager Trust Mortgage is approximately $19,000; (i) Schwartz
Mortgage is approximately $15,500; (j) Witmer Mortgage is
approximately $35,947; (k) Long Mortgage is approximately $15,000;
(l) Kuhns Mortgage is approximately $23,260; (m) Graber Mortgage is
approximately $21,145; and (n) Raber Mortgage is approximately
$26,960. Accordingly, the total outstanding balances of the
Investor Mortgages is approximately $467,970.

Prior to the Petition Date, Kelsey Avenue was subject to a lease
("Kelsey Avenue Lease"), with an option to purchase, in favor of
Kenneth and Petrina Donaldson ("Tenants"). The Kelsey Avenue Lease,
including the option to purchase, expired prior to the Petition
Date and the Tenants did not exercise their rights pursuant to the
option to purchase. Accordingly, the Tenants have no interest in
Kelsey Avenue, other than their rights as month-to-month tenants
pursuant to IND. CODE Section 32-31-1-2.

The Tenants have been renting Kelsey Avenue on a month-to-month
basis at the monthly rent of $815 per month. As of Sept. 1, 2016,
the delinquent rent owed by the Tenants is $9,335 ("Delinquent
Rent").

On July 21, 2016, the Court entered its Order Granting Application
to Employ Tiffany Group Real Estate Advisors, LLC as the Bankruptcy
Estates' Broker, authorizing the employment of Tiffany Group Real
Estate Advisors, LLC, to assist the Trustee with the marketing and
sale of real estate, including the Real Estate at issue in the
Motion. Pursuant to the Listing Agreement approved by the Court,
Tiffany Group is entitled to receive a commission of 5% of the
total purchase price for all sales that  
were obtained solely through the efforts of the Tiffany Group.

On Sept. 13, 2016, pursuant to the sole efforts of the Tiffany
Group, the Trustee entered into a purchase agreement for the sale
of the Real Estate to Schweinzger or an entity to be designated by
him for the total sale price of $245,000 ("Purchase Agreement").

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

     http://bankrupt.com/misc/5_Star_Investment_479_Sales.pdf

Pursuant to the Purchase Agreement, the Purchaser is purchasing the
Real Estate "as is and where is and with all faults". Additionally,
the Purchase Agreement provides that the Trustee, on behalf of the
Consolidated Bankruptcy Estate, will retain the exclusive right and
ownership to all monthly rent payments due and owing from the
Tenants through the date of closing for the sale of Kelsey Avenue,
including the Delinquent Rents, and all such other rents for the
month of the closing will be prorated as of the date of closing.
The Purchaser has agreed to waive any and all rights to the monthly
rent payments due and owing from the Tenants, including the
Delinquent Rents, through the date of closing; provided however,
the Purchaser will have the right to the prorated portion of the
monthly rent payment due and owing after the closing for the month
of the closing.

Following the closing, the Purchaser will assume responsibility for
any security deposit, if any, concerning Kelsey Avenue and will
solely be responsible and liable for reimbursement of any security
deposit, if any, and all applicable laws with respect to such
security deposit.

Pursuant to the Listing Agreement with Tiffany Group, Tiffany Group
is entitled to receive a commission of 5% of the total sale price
for the Real Estate, or $12,250, to be paid at closing.

In order to ensure the fair and equitable treatment of all
investors/creditors in these Bankruptcy Cases, the Trustee proposes
to sell all real estate free and clear of investor mortgages, with
the liens to attach to the proceeds until further Order of the
Court.

The Trustee anticipates that the resolution of how the funds should
be distributed will be raised in the future pursuant to either a
chapter 11 plan and/or separate actions. At such time, all parties
can be heard on how the proceeds from the sale of the Real Estate
secured by the Investor Mortgages should be distributed.

The Trustee asserts that sound business reasons justify his
decision to sell the Real Estate to the Purchaser for the total
sale price of $245,000 and, therefore, requests that the Court
approve the sale, pursuant to the Purchase Agreement, and that it
enter an Order granting the Motion.

                  About 5 Star Investment Group

5 Star Investment Group, LLC, and its 10 affiliates sought
protection under Chapter 11 of the Bankruptcy Code (Bankr. N.D.
Ind. Lead Case No. 16-30078) on Jan. 25, 2016.  5 Star estimated
its assets at up to $50,000 and its liabilities between $1 million
and $10 million.   The Debtor's counsel is Katherine C. O'Malley,
Esq., at Cozen O'Connor, in Chicago, Illinois.

The cases are assigned to Judge Harry C. Dees, Jr.

On Feb. 29, 2016, Douglas R. Adelsperger was appointed as Chapter
11 trustee in each of the bankruptcy cases.  

On March 23, 2016, the Court entered an order consolidating the
bankruptcy cases for purposes of administration only.


A CHICAGO CONVENTION: Sept. 29 Auction for Chicago Property Okayed
------------------------------------------------------------------
Judge Deborah L. Thome of the U.S. Bankruptcy Court for the
Northern District of Illinois authorized bidding procedures that
will govern the sale at public auction of A Chicago Convention
Center, LLC's property commonly known as 8201 West Higgins Road,
Chicago, Illinois, to Friedman Properties, LLC, for $6,750,000,
subject to overbid.

A copy of the Bidding Procedures attached to the Order is available
for free at:

    http://bankrupt.com/misc/A_Chicago_Convention_49_Order.pdf

The Debtor will conduct the auction no later than Sept. 29, 2016,
and will provide notice of the auction to all parties-in-interest.

Friedman Properties is designated the "Stalking-Horse Bidder" and
the proposed purchase price is designated the "Stalking-Horse
Bid."

Cathay Bank is designated as the "Backup Bidder," with a credit bid
of $6,000,000 of its debt secured by the property the "Backup Bid."
If a qualified bidder appears at the auction and submits a
qualified bid that exceeds the Stalking-Horse Bid, the Bank may
credit bid at the auction up to the judgment amount.  If no parties
other than the Bank and the Stalking-Horse Bidder appear at the
auction, the Bank agrees that it will not submit a credit bid that
exceeds, or otherwise seek to top, the Stalking-Horse Bid.

The Sale Hearing to consider approval of the sale to the successful
bidder at the successful bid amount will take place on Sept. 30,
2016 at 10:00 a.m. (CT).

The sale will take place no later than Oct. 14, 2016.  If the
successful bidder is unable or unwilling to close the sale on
Oct. 14, 2016, by tendering the purchase price to the Debtor, the
Debtor will close the sale with the Bank as the Backup Bidder, or
with such other Backup Bidder with a cash bid in excess of
$6,000,000 as the Bank may consent to.

                About A Chicago Convention Center

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


ACCUDYNE INDUSTRIES: S&P Revises Outlook to Neg. & Affirms B- CCR
-----------------------------------------------------------------
S&P Global Ratings said that it has revised its outlook on
U.S.-based industrial products manufacturer Accudyne Industries
Borrower S.C.A. to negative from stable and affirmed its 'B-'
corporate credit rating on the company.

At the same time, S&P affirmed its 'B' issue-level ratings on the
company senior secured credit facilities.  The '2' recovery ratings
on the facilities remain unchanged, indicating S&P's expectation
for meaningful (70%-90%; lower end of the range) recovery in the
event of a default.

Additionally, S&P affirmed its 'CCC' issue-level rating on the
company's senior unsecured debt.  The '6' recovery rating on the
unsecured debt remains unchanged, indicating S&P's expectation for
negligible (0%-10%) recovery in the event of a default.

"The outlook revision reflects Accudyne's weaker-than-expected
operating performance in the second quarter of 2016, which has left
the company with very high debt leverage and negative free cash
generation," said S&P Global credit analyst Steven Mcdonald. S&P
had previously expected that the company would reduce its leverage
in 2016; however, persistently low oil prices, challenging
operating conditions in China, and a stronger U.S. dollar have
further pressured its EBITDA, leading it to maintain a very high
adjusted debt-to-EBITDA metric of more than 11.0x as June 30, 2016.
Because of these declining trends in the company's operating
performance, along with S&P's expectation that any recovery will be
slow, S&P has revised its base-case forecast.  S&P now estimates
that the company's debt-to-EBITDA metric will be more than 10.5x in
2016 before modestly improving to about 9.5x in 2017.

The negative outlook on Accudyne reflects the potential that S&P
may lower its ratings over the next 12 months if the company is
unable to improve its operating performance, generate positive free
cash flow, and strengthen its weak credit metrics.  A failure to
materially improve its performance could occur due to further
end-market deterioration, continued delays in customer orders, or
missteps in the execution of productivity initiatives, any of which
would undermine the company's deleveraging prospects.

S&P could lower its ratings on Accudyne if its leverage increases
further or if the company is unable to generate meaningful positive
free cash flow over the next few quarters.

S&P could revise outlook on Accudyne to stable if the company is
able to reduce its leverage from current levels and S&P sees
prospects for further improvement.  S&P would also expect the
company to maintain adequate liquidity and presume that there would
be ongoing prospects for recovery in its end markets.


ACTRONIX INC: Exit Plan Proposes to Sell Assets to Pay Creditors
----------------------------------------------------------------
Actronix, Inc., has filed a Chapter 11 plan of reorganization that
proposes to sell almost all of its assets in order to pay its
creditors.

The plan filed with the U.S. Bankruptcy Court for the Western
District of Arkansas proposes a sale of the company's assets,
resulting in the buyer establishing an operation at its facilities
and employing its workers.

Actronix is set to hold an auction of its assets on October 5.  The
minimum bid for the assets is $1 million, according to court
filings.

The company will seek court approval of the sale of its assets to
the winning bidder at a hearing on October 18.  

If the auction is successful, the first $1.75 million of the net
proceeds will be paid to California Bank & Trust, a first lien
creditor.  Any proceed of sale over $1.75 million will be
distributed.

Under the proposed plan, Class 12 unsecured creditors will receive
a pro-rata distribution in June next year in the event that
creditors in Classes 1 to 7 are paid in full.

A copy of the disclosure statement detailing the plan is available
for free at https://is.gd/1p8paI

                        About Actronix Inc.

Headquartered in Flippin, Arkansas, Actronix, Inc., filed for
Chapter 11 bankruptcy protection (Bankr. W.D. Ark. Case No.
15-72593) on Oct. 13, 2015, estimating its assets at up to $50,000
and its liabilities at between $1 million and $10 million.  The
petition was signed by Randy Steinberg, secretary.

Judge Ben T. Barry presides over the case.

Jill R. Jacoway, Esq., Jacoway Law Firm, Ltd., and Carter Ledyard
& Milburn LLP serve as the Debtor's bankruptcy counsel.


ADAMS TRACTOR: Can Use Cash Collateral on Interim Basis
-------------------------------------------------------
Judge Jerry A. Funk of the U.S. Bankruptcy Court for the Middle
District of Florida authorized Adams Tractor & Landscaping
Services, Inc., to use cash collateral on an interim basis.

Secured creditors Fox Business Funding and BFS Capital were granted
replacement liens on the Debtor's future receivables and projected
positive cash flow.

A continued hearing on the Debtor's cash collateral use is
scheduled on Nov. 14, 2016 at 11:00 a.m.

A full-text copy of the Interim Order, dated Sept. 12, 2016, is
available at https://is.gd/luF2Cd

           About Adams Tractor & Landscaping Services

Adams Tractor & Landscaping Services, Inc., filed a Chapter 11
petition (Bankr. M.D. Fla. Case No. 16-03191) on August 22, 2016.
The Debtor is represented by Thomas C. Adam, Esq., at Adam Law
Group, P.A.

The Debtor is a Florida Corporation in St. Augustine, Florida.  The
Debtor's primary business includes the design and installation of
commercial and residential landscapes, excavation, waste and debris
hauling, and related services.

No trustee, examiner, or statutory committee has been appointed in
the Chapter 11 case.


ADVANCED MICRO: Completes Common Stock and Notes Offering
---------------------------------------------------------
Advanced Micro Devices, Inc., completed its registered underwritten
public offering of 100 million shares of the Company's common
stock, par value $0.01 per share, at a public offering price of
$6.00 per share, pursuant to an underwriting agreement with J.P.
Morgan Securities LLC, Barclays Capital Inc. and Credit Suisse
Securities (USA) LLC, as representatives of the several
underwriters named therein, and the concurrent registered
underwritten public offering of $700 million aggregate principal
amount of the Company's 2.125% convertible senior notes due 2026
pursuant to an underwriting agreement with J.P. Morgan Securities
LLC, Barclays Capital Inc. and Credit Suisse Securities (USA) LLC,
as representatives of the several underwriters.

The Company also granted to the Equity Underwriters a 30-day option
to purchase up to 15 million additional shares of Common Stock.  In
addition, the Company granted a 30-day option to the Notes
Underwriters to purchase up to an additional $105 million aggregate
principal amount of Notes, solely to cover over-allotments.

The Shares and the Notes have been registered pursuant to the
Registration Statement on Form S-3 under the Securities Act of
1933, as amended, including the prospectus supplements filed by the
Company with the Commission pursuant to Rule 424(b)(5) under the
Act, in each case, dated Sept. 8, 2016.

The resulting aggregate net proceeds to the Company from the Common
Stock Offering were approximately $580.5 million, after deducting
underwriting discounts totaling approximately $19.5 million and
estimated expenses.  The resulting aggregate net proceeds to the
Company from the Notes Offering were approximately $680.0 million,
after deducting underwriting discounts totaling approximately $19.3
million and estimated expenses.

The Company issued the Notes under an indenture dated as of
Sept. 14, 2016, between the Company and Wells Fargo Bank, National
Association, as trustee, as supplemented by the first supplemental
indenture dated as of Sept. 14, 2016, between the Company and the
Trustee.

The Notes bear interest at a rate of 2.125% per year, payable
semi-annually in arrears, on March 1 and September 1 of each year,
commencing on March 1, 2017.  The Notes are general unsecured
senior obligations of the Company and (i) rank equal in right of
payment with the Company's other senior unsecured indebtedness,
(ii) rank senior in right of payment to any indebtedness that is
contractually subordinated to the Notes, (iii) are effectively
subordinated to all of the Company's existing and future secured
indebtedness to the extent of the value of the collateral securing
such indebtedness and (iv) are structurally subordinated in right
of payment to the claims of the Company's subsidiaries creditors
(including trade creditors).

The Notes will mature on Sept. 1, 2026, unless earlier redeemed or
repurchased by the Company or converted.

Prior to the close of business on the business day immediately
preceding June 1, 2026, the Notes will be convertible only under
the following circumstances: (1) during any calendar quarter
commencing after the calendar quarter ended on Sept. 30, 2016 (and
only during such calendar quarter), if the last reported sale price
of the common stock for at least 20 trading days (whether or not
consecutive) during a period of 30 consecutive trading days ending
on the last trading day of the immediately preceding calendar
quarter is greater than or equal to 130% of the conversion price on
each applicable trading day; (2) during the five business day
period after any ten consecutive trading day period in which the
trading price per $1,000 principal amount of Notes for each trading
day of the measurement period was less than 98% of the product of
the last reported sale price of the Company's common stock and the
conversion rate on each such trading day; or (3) upon the
occurrence of specified corporate events.  On or after June 1,
2026, until the close of business on the business day immediately
preceding the maturity date, holders may convert their Notes at any
time, regardless of the foregoing circumstances.  Upon conversion,
the Company will pay or deliver, as the case may be, cash, shares
of its common stock, or a combination of cash and shares of its
common stock, at the Company's election.

The initial conversion rate of 125.0031 shares of Common Stock per
$1,000 principal amount of Notes, which is equivalent to an initial
conversion price of approximately $8.00 per share of Common Stock.
The conversion rate is subject to adjustment in certain
circumstances.

Upon the occurrence of a fundamental change (as defined in the
Indenture) involving the Company, holders of the Notes may require
the Company to repurchase all or a portion of their Notes for cash
at a price equal to 100% of the principal amount of the Notes to be
purchased, plus accrued and unpaid interest to, but excluding, the
fundamental change repurchase date.

The Company may not redeem the Notes prior to the Maturity Date and
no "sinking fund" is provided for the Notes, which means that the
Company is not required to redeem or retire the Notes
periodically.

The Indenture contains customary terms and covenants and events of
default.  If an event of default (as defined therein) occurs and is
continuing, the Trustee by notice to the Company, or the holders of
at least 25% in aggregate principal amount of the Notes then
outstanding by notice to the Company and the Trustee, may, and the
Trustee at the request of such holders shall, declare 100% of the
principal of and accrued and unpaid interest on all the Notes to be
due and payable.  In the case of an event of default arising out of
certain bankruptcy or insolvency events (as set forth in the
Indenture), 100% of the principal of and accrued and unpaid
interest on the Notes will automatically become due and payable.

                     Underwriting Agreement

On Sept. 8, 2016, the Company entered into the Equity Underwriting
Agreement with J.P. Morgan Securities LLC, Barclays Capital Inc.
and Credit Suisse Securities (USA) LLC, as representatives of the
several underwriters named therein.  Subject to the terms and
conditions of the Equity Underwriting Agreement, the Company agreed
to sell to the Equity Underwriters, and the Equity Underwriters
agreed to purchase from the Company, an aggregate of 100 million
shares of Common Stock, at a public offering price of $6.00 per
share.  The Company also granted the Equity Underwriters a 30-day
option to purchase up to an additional 15 million shares of Common
Stock.  The parties have agreed to indemnify each other against
certain liabilities, including liabilities under the Act.

On Sept. 8, 2016, the Company also entered into the Notes
Underwriting Agreement with J.P. Morgan Securities LLC, Barclays
Capital Inc. and Credit Suisse Securities (USA) LLC as
representatives of the several underwriters named therein.  Subject
to the terms and conditions of the Notes Underwriting Agreement,
the Company agreed to sell to the Notes Underwriters, and the Notes
Underwriters agreed to purchase from the Company, $700 million
aggregate principal amount of the Notes.  The Company also granted
the Notes Underwriters a 30-day option to purchase up to an
additional $105 million aggregate principal amount of Notes, solely
to cover over-allotments.  Pursuant to the terms of the Notes
Underwriting Agreement, the parties have agreed to indemnify each
other against certain liabilities, including liabilities under the
Act.

Pursuant to the terms of the Underwriting Agreements, the Company
and all of the Company’s directors and executive officers also
agreed not to sell or transfer any Common Stock held by them for 90
days after Sept. 6, 2016, without first obtaining the written
consent of J.P. Morgan Securities LLC, subject to certain
exceptions, as described in the Prospectus Supplements.

A full-text copy of the Form 8-K filing is available for free at:

                      https://is.gd/suRWhP

                  About Advanced Micro Devices

Sunnyvale, California-based Advanced Micro Devices, Inc., is a
global semiconductor company.  The Company's products include x86
microprocessors and graphics.

Advanced Micro incurred a net loss of $660 million on $3.99 billion
of net revenue for the year ended Dec. 26, 2015, compared to a net
loss of $403 million on $5.50 billion of net revenue for the year
ended Dec. 27, 2014.

As of June 25, 2016, the Company had $3.31 billion in total assets,
$3.72 billion in total liabilities, and a $413 million total
stockholders' deficit.

                          *     *     *

As reported by the TCR on Oct. 22, 2015, Standard & Poor's Ratings
Services said it lowered its corporate credit rating on Sunnyvale,
Calif.-based Advanced Micro Devices Inc. to 'CCC+' from 'B-'.  
"The downgrade reflects our expectation that AMD will experience a
more gradual return to revenue growth, ongoing competitive
challenges to restore operating profitability, and more severe
operating losses and negative free cash flow through 2016 than we
had previously forecast, despite recent improvements to its
liquidity," said Standard & Poor's credit analyst John Moore.

As reported by the TCR on March 16, 2016, Fitch Ratings has
downgraded and withdrawn the ratings for Advanced Micro Devices,
Inc. (AMD) including the Long-term Issuer Default Rating (IDR) to
'CCC' from 'B-'.  The downgrade reflects prospects for negative
free cash flow (FCF) over the intermediate term and the consequent
liquidity issues and refinancing risk that could develop as the
2019 and 2020 debt maturities approach.

In July 2015, Moody's Investors Service lowered Advanced Micro
Devices, Inc's ("AMD") corporate family rating to Caa1 from B3, and
the ratings on the senior unsecured notes to Caa2 from Caa1.  The
downgrade of the corporate family rating to Caa1 reflects AMD's
prospects for ongoing operating losses over the next year and
negative free cash flow.


ALPHATEC HOLDINGS: Signs Separation Agreement with Former CEO
-------------------------------------------------------------
As previously reported, on Sept. 12, 2016, James M. Corbett
departed from his position as Alphatec Holdings, Inc.'s and
Alphatec Spine, Inc.'s president and chief executive officer, and
as a member of the Company's and Spine's Board of Directors.  In
connection with Mr. Corbett's resignation and in consideration for
his prior service to the Company and Spine, the Company, Spine and
Mr. Corbett entered into a separation agreement, dated as of
Sept. 12, 2016.

Pursuant to the terms of the Separation Agreement, Mr. Corbett will
receive cash severance payments of (i) nine months of his annual
base salary prior to his departure, which amounts to $397,500; and
(ii) a payment equal to 100% of Mr. Corbett's target bonus amount,
which amounts to $424,000.  The foregoing payments are less
applicable withholding amounts and payable bi-weekly over a period
of 39 weeks in accordance with the Company's payroll practices.  In
addition, the Company will pay the cost of COBRA insurance coverage
for Mr. Corbett and his eligible family members for a period of
nine months, including a gross up of taxes for such payments.  The
Separation Agreement contains a release by Mr. Corbett of any
claims in favor of the Company.  The Separation Agreement also
contains certain restrictive covenants and confidentiality
provisions, including non-solicitation and non-disparagement
obligations continuing for twelve months.

                     About Alphatec Holdings

Alphatec Holdings, Inc. is a medical technology company focused on
the design, development and promotion of products for the surgical
treatment of spine disorders.  The Company has a comprehensive
product portfolio and pipeline that addresses the cervical,
thoracolumbar and intervertebral regions of the spine and covers a
variety of spinal disorders and surgical procedures.  Its principal
product offerings are focused on the global market for fusion-based
spinal disorder solutions.  The Company believes that its products
and systems are attractive to surgeons and patients due to enhanced
product features and benefits that are designed to simplify
surgical procedures and improve patient outcomes.

Alphatec reported a net loss of $179 million in 2015, a net loss of
$12.9 million in 2014 and a net loss of $82.2 million in 2013.  As
of June 30, 2016, Alphatec had $136 million in total assets, $183
million in total liabilities and a total stockholders' deficit of
$46.4 million.

Ernst & Young LLP, in San Diego, California, issued a "going
concern" qualification on the consolidated financial statements for
the year ended Dec. 31, 2015, citing that the Company has recurring
operating losses and has a working capital deficiency. In addition,
the Company has not complied with certain covenants of loan
agreements with its lenders and has significant debt obligations
due in December 2016.  These conditions raise substantial doubt
about the Company's ability to continue as a going concern.


ALSON ALSTON: Disclosure Statement Hearing on October 18
--------------------------------------------------------
The U.S. Bankruptcy Court for the Middle District of Pennsylvania
is set to hold a hearing on October 18, at 9:30 a.m., to consider
approval of the disclosure statement explaining the Chapter 11 plan
of Alson Alston.

The hearing will take place at The Ronald Reagan Federal Building,
Bankruptcy Courtroom, Third Floor, Third and Walnut Streets,
Harrisburg, Pennsylvania.  Objections are due by October 4.

Under the proposed plan, general unsecured creditors classified as
Class 14 will receive a distribution of approximately 5% of their
allowed claims, with a worst case of 3% should disputed claims be
upheld.

Unsecured claims total $655,276 ($331,179 to non-taxing authorities
plus $30,472 in unsecured tax claims plus $293,625 from
undersecured mortgages).  Class 14 includes a worst case of an
additional $385,839 from undersecured mortgages, making the total
worst case unsecured debt $1,041,115, pending the resolution of
litigation.

Payments and distributions under the plan will be funded through
the Debtor's continued operation of rental properties and through
the Debtor's employment.

Alson Alston -- dba Alston Business Consulting, dba Songhai
City, LLC, dba Songhai Enterprises, LLC, dba Songhai City
Entertainment, LLC, dba Songhai City Real Estate, LLC, dba
Encore General Merchandise LLC, dba Encore General Store, dba
Dragon Management Services, aka Al Alston -- filed a Chapter 11
Petition (Bankr. M.D. Pa. Case No. 14-03454) in 2014.


AMBASSADOR ENERGY: Unsecureds To Be Paid $30,000 Per Month
----------------------------------------------------------
Ambassador Energy, Inc., filed with the U.S. Bankruptcy Court for
the Central District of California a first amended Chapter 11 plan
of reorganization.

Under the First Amended Plan, holders of Class 4 General Unsecured
Claims will receive installment payments will be monthly,
commencing after payment in full of the secured creditors in
Classes 1 and 3.  The payments will be in the amount of $30,000 per
month and are expected to start in March 2018, and will continue
until all allowed Class 4 claims are paid in full; the final
payment may be in an amount less than $30,000.  Each payment will
be divided proportionally amongst the holders of the claims.
Interest will be paid to the Class 4 creditors at the rate of 4%
per annum on account of unpaid balances.  Class 4 is impaired.

The funds for implementation of the Plan will come from the ongoing
operating profits of the Debtor's business operations, the
installation and inspection of solar power panels, and related
training operations and educational services.  A monthly financial
statement, including a balance sheet and a profit and loss
statement, will be provided to Class 1 and Class 3 creditors after
the Effective Date; unsecured creditors may have one on written
request.

The First Amended Plan is available at:

           http://bankrupt.com/misc/cacb16-11880-70.pdf

As reported by the Troubled Company Reporter on Aug. 8, 2016, the
Debtor filed with the Court a disclosure statement in support of
the Debtor's Chapter 11 plan of reorganization, which proposed that
holders of Class 4 - general unsecured claims, which total
$901,267, will recoup 100%.  

Headquartered in Murrieta, California, Ambassador Energy, Inc., dba
Ambassador Solar Energy filed for Chapter 11 bankruptcy protection
(Bankr. C.D. Calif. Case No. 16-11880) on March 2, 2016, disclosing
$0 assets and total liabilities of $1.51 million.  The petition was
signed by Kelly Smith, president.

Judge Scott C Clarkson presides over the case.

Robert B. Rosenstein, Esq., at Rosenstein & Associates serves as
the Debtor's bankruptcy counsel.


AMERICAN BATH: Moody's Assigns B3 Corporate Family Rating
---------------------------------------------------------
Moody's Investors Service assigned a B3 Corporate Family Rating and
a B3-PD Probability of Default Rating to American Bath Group, LLC
("ABG").  Moody's also assigned a B2 rating to ABG's proposed $50
million senior secured revolving credit facility and $320 million
senior secured first lien term loan, and a Caa2 rating to ABG's
senior secured second lien term loan.  The rating outlook is
stable.  This is the first time Moody's has assigned ratings to
this issuer.  The ratings are subject to review of final
documentation.

These ratings were assigned:

  Corporate Family Rating, assigned B3;

  Probability of Default Rating, assigned B3-PD;

  $50 million senior secured revolving credit facility, assigned
   B2 (LGD3);

  $320 million senior secured first lien term loan; assigned B2
   (LGD3);

  $95 million senior secured second lien term loan; assigned Caa2
   (LGD6);

The rating outlook is stable.

                         RATINGS RATIONALE

ABG's B3 Corporate Family Rating reflects its market position,
national footprint, broad bathware product offerings, and our
expectation for strong EBITA margin.  The CFR also incorporates the
company's high debt leverage, small revenue base, product and
customer concentration, the cyclical nature of its end markets and
integration risks.  Moody's notes that credit ratings were also
based on the limited track record as a combined entity.  Since
early 2014, ABG has grown through a series of acquisitions.
Moody's ratings also consider the risks associated with the
integration of multiple acquisitions into one combined entity and
the realization of logistical and procurement savings assumed from
its new, larger and national scale.

ABG is a major bathware manufacturer serving the U.S. with a
national footprint and multiple bathware brand and product
offerings.  The company has 14 co-located manufacturing and
distribution facilities and two standalone distribution centers.
Its product material offerings include gelcoat, sheet molded
compound, porcelain on steel, acrylic, and solid surface.  ABG's
national footprint provides logistical benefits with lower freight
costs than many of its competitors and allows the company to serve
large national retailers and wholesalers.  Moody's notes that ABG
has product concentration as well as customer concentration.
Positively, ABG can provide a complete suite of products across all
materials and price points.  The company should gain purchasing
power given its larger scale as a result of the company's recent
acquisitions.

Adjusted debt-to-EBITDA is expected to be below 5.5X.  The company
is expected to generate free cash flow which will be used to reduce
balance sheet debt over time.  Moody's anticipates ABG will
continue to be acquisitive in the bathware space, utilizing
primarily debt capital for funding, which is considered in the
rating.

ABG's liquidity is supported by an estimated $17 million pro forma
cash balance at June 30, 2016, and its $50 million senior secured
revolving credit facility (which is expected to be undrawn at
closing).  Moody's project the company to be able to cover all
working capital and maintenance capex from its funds from
operations and modest borrowings under its revolver.  Moody's also
expect ABG to generate positive free cash flow over the next 12-18
months.  Importantly, ABG's liquidity benefits from lack of debt
maturities until 2023 when its $320 million first lien term loan
matures.

The rating could be upgraded once the ABG has established a track
record consistent with our expectations for operating performance
which would be evidenced by growth in revenue, size and scale;
adjusted debt-to-EBITDA consistently below 5.0x; adjusted
EBITA-to-interest consistently above 2.0x; and, adjusted free cash
flow to debt consistently above 5.0%.

Alternatively, the rating could be downgraded if the company
experiences market share loss, adjusted debt-to-EBITDA rises above
6.5x, adjusted EBITA-to-interest falls below 1.0x, or adjusted
EBITA margin declines closer to 5%.

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

American Bath Group, LLC is a major manufacturer and distributor of
bathware products constructed from fiberglass-reinforced plastic,
acrylic, sheet molding compound, and enamel steel throughout the
United States.  For the trailing twelve months ending June 30,
2016, the company generated over $300 million in revenue.


AMERICAN BATH: S&P Assigns 'B' CCR; Outlook Stable
--------------------------------------------------
S&P Global Ratings said it assigned its 'B' corporate credit rating
to American Bath Group LLC.  The rating outlook is stable.

At the same time, S&P assigned its 'B' issue-level rating (same as
the corporate credit rating) to ABG's proposed $50 million senior
secured revolving credit facility due 2021 and $320 million senior
secured first-lien term loan due 2023.  The '3' recovery rating on
the facility indicates S&P's expectation for meaningful (50%-70%;
upper half of the range) recovery in the event of a payment
default.

S&P also assigned its 'CCC+' issue-level rating (two notches below
the corporate credit rating) to ABG's proposed $95 million
second-lien senior secured term loan due 2024.  The '6' recovery
rating on the facility indicates S&P's expectation of negligible
(0%-10%) recovery in the event of a payment default.

"The stable outlook reflects our expectation that ABG will maintain
operational performance levels that will result in pro forma
leverage measures between 4x and 5x during the next 12 months,"
said S&P Global Ratings credit analyst Maurice Austin.

A downgrade is likely within the next 12 months if ABG has
weaker-than-expected end-market demand such that total leverage
increases and is trending above 6x or if liquidity materially
lessens.

S&P is unlikely to upgrade the company over the next 12 months
given its ownership by a private equity firm.  However, S&P could
raise its rating on ABG if the company's operating performance is
much better than S&P expects, such that debt leverage is sustained
well below 5x and FFO to debt above 12% and if S&P gained
confidence that the company's owner is committed to maintaining
this more conservative financial risk profile.


AMERICAN SUNBELT: Can Use Cash Collateral on Interim Basis
----------------------------------------------------------
Judge Barbara J. Houser of the U.S. Bankruptcy Court for the
Northern District of Texas authorized American Sunbelt Enterprises,
Inc., to use the cash collateral of Swift Financial Corporation and
Internal Revenue Service.

The Debtor's right to use cash collateral will end on the earliest
to occur of the following:

     (a) an Event of Default;

     (b) an Order of the Court terminating and/or prohibiting the
use of cash collateral; or

     (c) November 1, 2016 at 12:30 a.m.

The Debtor contended that it did not have sufficient available
sources of working capital and financing to carry on the operation
of its business without the use of cash collateral.

Swift Financial had objected to the Debtor's use of cash
collateral, contending that it had purchased future receivables
which are not property of the Debtor's bankruptcy estate.  Swift
Financial asserted that if the Court found that the purchase of the
future receivables was a loan and not a true sale, Swift Financial
was not adequately protected.  The Debtor and Swift Financial
eventually entered into an interim agreement for the use of cash
collateral, which permits the Debtor to continue using cash
collateral through October 31, 2016.

Judge Houser granted Swift Financial and the IRS with replacement
liens and security interests in the Debtor's cash and receipts, to
the same extent, validity and priority that the liens and security
interests existed prior to the bankruptcy filing and subject to the
Debtor's reservation of rights to contest the validity of Swift
Financial's security interest.

The Debtor was directed to make two adequate protection payments to
Swift Financial, each payment in the amount of $2,500, on Sept. 30,
2016 and Oct. 31, 2016.

A final hearing on the use of cash collateral is scheduled on Oct.
24, 2016 at 1:15 p.m.

A full-text copy of the Order dated Sept. 14, 2016, is available at
https://is.gd/K89K3X

             About American Sunbelt Enterprises

American Sunbelt Enterprises filed a Chapter 11 bankruptcy petition
(Bankr. N.D. Tex. Case No. 16-33151) on Aug. 5, 2016.  The petition
was signed by David Watson, president.  Judge Barbara J. Houser
presides over the case.  Areya Holder, Esq., at the Law Office of
Areya Holder, P.C. represents the Debtor.  The Debtor estimated $1
million to $10 million in assets and $100,000 to $500 million in
liabilities at the time of the filing.


AMPLIPHI BIOSCIENCES: Amends 4.75M Shares Prospectus with SEC
-------------------------------------------------------------
AmpliPhi Biosciences Corporation filed with the Securities and
Exchange Commission an amended Form S-1 registration statement
relating to the offering of 4,750,000 shares of its common stock
and warrants to purchase an aggregate of 1,187,500 shares of its
common stock (and the shares of common stock that are issuable from
time to time upon exercise of the warrants).

The Company amended the registration statement to delay its
effective date.

Each share of common stock is being sold together with a warrant to
purchase up to 0.25 of a share of our common stock (which equates
to 25% warrant coverage on the shares purchased in this offering),
at an exercise price of $___ per share.  The warrants will be
exercisable immediately and will expire five years from the date of
issuance.  The shares of common stock and warrants can only be
purchased together in this offering but will be issued separately
and will be immediately separable upon issuance.  The Company's
common stock is listed on the NYSE MKT under the symbol "APHB."  On
Sept. 12, 2016, the last reported sale price of the Company's
common stock on the NYSE MKT was $1.70 per share.  There is no
established public trading market for the warrants, and the Company
does not expect a market to develop.  In addition, the Company does
not intend to apply for a listing of the warrants on any national
securities exchange.

A full-text copy of the amended prospectus is available at:

                      https://is.gd/Ta4J8g

                          About AmpliPhi

AmpliPhi Biosciences Corp. is a biotechnology company focused on
the discovery, development and commercialization of novel phage
therapeutics.  Its principal offices occupy approximately 1,000
square feet of leased office space pursuant to a month-to-month
sublease, located at 3579 Valley Centre Drive, Suite 100, San
Diego, California.  It also leases approximately 700 square feet of
lab space in Richmond, Virginia, approximately 5,000 square feet of
lab space in Brookvale, Australia, and approximately 6,000 square
feet of lab and office space in Ljubljana, Slovenia.

Ampliphi Biosciences reported a net loss attributable to common
stockholders of $10.79 million on $475,000 of revenue for the year
ended Dec. 31, 2015, compared to net income attributable to common
stockholders of $21.8 million on $409,000 of revenue for the year
ended Dec. 31, 2014.

As of June 30, 2016, Ampliphi had $29.3 million in total assets,
$7.79 million in total liabilities and $21.5 million in total
stockholders' equity.

Ernst & Young LLP, in Richmond, Virginia, issued a "going concern"
qualification on the Company's consolidated financial statements
for the year ended Dec. 31, 2015, citing that the Company has
recurring losses from operations and has a net capital deficiency
that raise substantial doubt about its ability to continue as a
going concern.


ANADARKO PETROLEUM: Moody's Affirms Ba1 CFR; Outlook Stable
-----------------------------------------------------------
Moody's Investors Service changed the rating outlook for Anadarko
Petroleum Corporation and its guaranteed subsidiaries to stable
from negative.  Moody's affirmed Anadarko's Ba1 Corporate Family
Rating (CFR) and Ba1 senior unsecured ratings and raised the
company's Speculative Grade Liquidity (SGL) Rating to SGL-2 from
SGL-3.

Concurrently, Moody's changed the rating outlook for Western Gas
Partners, LP (Western Gas) to stable from negative and affirmed
Western Gas' Ba1 CFR, Ba1 senior unsecured ratings and SGL-3
rating.

"Anadarko's substantial asset sales and refinancing transactions
completed to date have greatly lowered its refinancing requirements
for 2016 and 2017, which combined with good prospects for further
asset sales should allow the company to fund negative free cash
flow and reduce debt," commented Pete Speer, Moody's Senior Vice
President.  "The company's equity funded acquisition of deepwater
producing properties adds cash flows to 2017, further supporting
the stable outlook."

Issuer: Anadarko Petroleum Corporation

Affirmations:
  Probability of Default Rating, Affirmed Ba1-PD
  Corporate Family Rating, Affirmed Ba1
  Senior Unsec. Shelf, Affirmed (P)Ba1
  Senior Unsecured Commercial Paper, Affirmed NP
  Senior Unsecured Regular Bond/Debentures, Affirmed Ba1 (LGD 4)

Upgrades:
  Speculative Grade Liquidity Rating, Upgraded to SGL-2 from SGL-3

Outlook Actions:

Issuer: Anadarko Petroleum Corporation
  Outlook, Changed To Stable From Negative

Issuer: Anadarko Finance Company

Affirmations:
  Senior Unsecured Regular Bond/Debenture, Affirmed Ba1 (LGD 4)

Outlook Actions:

Issuer: Anadarko Finance Company
  Outlook, Changed To Stable From Negative

Issuer: Kerr-McGee Corporation

Affirmations:
  Senior Unsecured Regular Bond/Debentures, Affirmed Ba1 (LGD 4)

Outlook Actions:

Issuer: Kerr-McGee Corporation
  Outlook, Changed To Stable From Negative

Issuer: Union Pacific Resources Group Inc.

Affirmations:
  Senior Unsecured Regular Bond/Debentures, Affirmed Ba1 (LGD 4)

Outlook Actions:

Issuer: Union Pacific Resources Group Inc.
  Outlook, Changed To Stable From Negative

Issuer: Western Gas Partners, LP

Affirmations:
  Probability of Default Rating, Affirmed Ba1-PD
  Speculative Grade Liquidity Rating, Affirmed SGL-3
  Corporate Family Rating, Affirmed Ba1
  Senior Unsec. Shelf, Affirmed (P)Ba1
  Senior Unsecured Regular Bond/Debentures, Affirmed Ba1 (LGD 4)

Outlook Actions:

Issuer: Western Gas Partners, LP
  Outlook, Changed To Stable From Negative

                          RATINGS RATIONALE

During the first half of 2016, the company raised almost
$2.5 billion of cash proceeds from the sales of non-core assets, a
portion of its limited partnership (LP) interests in Western Gas
Equity Partners, LP (WGP, the general partner of Western Gas), and
certain midstream assets to WES.  The company also issued
$3 billion of senior notes in March 2016 that was used to refinance
2016 and 2017 debt maturities.  The company's remaining debt
maturities this year and next have been reduced to the potential
put of the Zero Coupon senior notes in October 2016 at their
then-accreted value of $839 million and $750 million of senior
notes that mature in September 2017.

Anadarko announced on Sept. 12, 2016,  an agreement to acquire
deepwater Gulf of Mexico (GOM) assets from Freeport McMoRan Oil &
Gas (B1 negative) for $2 billion, funded by an equity offering that
was launched simultaneously and raised about $1.9 billion ($2.2
billion if the overallotment option is exercised).  This
attractively priced acquisition of developed properties adds
meaningful cash flow to 2017 from about 80,000 barrel-of-oil
equivalent daily production that is over 80% oil.  The acquisition
has little integration risk given the overlap with Anadarko's
existing GOM assets.  The benefits of this acquisition, combined
with operating and capital cost reductions and improvements in oil
prices have reduced Moody's forecasted negative free cash flow for
Anadarko over the remainder of 2016 and 2017.  With line of sight
to additional asset sales, the company is well positioned to fund
negative free cash flow and achieve some debt reduction through
2017.  The substantially reduced refinancing risk and the lower
negative free cash flow has resulted in the outlook change to
stable.

Anadarko's Ba1 Corporate Family Rating reflects the company's still
high debt levels relative to cash flow and Moody's expectation of
some production declines caused by reduced capital investment.
These risks are partially offset by the company's low operating and
reserve replacement costs, allowing Anadarko to replace reserves at
lower break-even commodity prices than many of its large E&P peers.
The company benefits from a globally diversified property base
that includes a mix of conventional and unconventional onshore and
offshore resources, which provides a lower overall production
decline rate and capital intensity than peers focused solely on
unconventional onshore US properties.

Anadarko's SGL-2 rating reflects its good liquidity to fund its
planned capital spending, debt maturities and potential working
capital needs through 2017.  The company had $1.4 billion of cash
at June 30, 2016, and $5 billion of committed undrawn credit
facilities ($3 billion being a long-term facility that matures in
2021).  The company has good headroom for future covenant
compliance.  Moody's expects Anadarko to continue to supplement its
liquidity through asset sales, given its large inventory of
undeveloped acreage and offshore discoveries and its remaining
ownership of a substantial majority of WGP's LP interests.

Western Gas' Ba1 CFR is supported by its high proportion of
fee-based revenues that provides revenue stability, good commodity
and basin diversification, and relatively low financial leverage.
The partnership's direct commodity price exposure is limited by
hedging arrangements with Anadarko, but it does have exposure to
fluctuations in production volumes, particularly in its gathering
business.  While its stand-alone credit attributes could support a
Baa3 rating, Western Gas's high customer concentration risk with
Anadarko combined with Anadarko's controlling ownership effectively
limits its rating to that of Anadarko's.  Given this rating
relationship, the rating outlook for Western Gas was changed to
stable consistent with the change in Anadarko's outlook.

Anadarko's stable outlook is based on Moody's expectation that the
company will continue to work towards aligning its capital spending
with operating cash flows and increase its RCF/Debt metric to above
15% in 2017.  Increased debt or weaker than anticipated cash flows
could result in RCF/Debt being sustained below 15%, which could
lead to a ratings downgrade.

In order for Anadarko's ratings to be upgraded to Baa3, the
company's production and proved developed reserves volumes have to
be stabilized, consolidated debt levels reduced and returns on
investment increased.  Moody's expects oil prices to remain in a
range of $40 to $60 per barrel for the medium term with significant
volatility both within and possibly outside that band. Therefore
Anadarko's debt and cost structure will have to be reduced to
levels where the company can sustain RCF/Debt above 20% and an LFCR
above 1x even at the low end of that commodity price range in order
to uphold an investment grade rating.

Western Gas' ratings would likely be downgraded if Anadarko's
ratings were downgraded.  The partnership's ratings could also be
downgraded if leverage were to significantly increase because of
debt-funded acquisitions or significant earnings declines from
lower customer production volumes.  Debt/EBITDA sustained above 5x
could result in a ratings downgrade.

In order for Western Gas's ratings to be upgraded to Baa3,
Anadarko's ratings must be upgraded to Baa3 or higher and the
partnership will have to sustain its asset and earnings scale while
maintaining its fee-based focus and low financial leverage on a
consistent basis.

The principal methodology used in rating Anadarko Petroleum
Corporation, Anadarko Finance Company, Kerr-McGee Corporation and
Union Pacific Resources Group Inc. was Global Independent
Exploration and Production Industry published in December 2011.
The principal methodology used in rating Western Gas Partners, LP
was Global Midstream Energy published in December 2010.

Anadarko Petroleum Corporation is among the largest independent
exploration and production (E&P) companies and is headquartered in
The Woodlands, Texas.  Western Gas is a publicly traded master
limited partnership (MLP) that provides midstream energy services
primarily to Anadarko as well as other third party oil and gas
producers and customers.  Anadarko controls Western Gas through its
ownership of the general partner (GP) of WGP, which in turn owns
the GP of Western Gas and a meaningful amount of Western Gas' LP
interests.


AOG ENTERTAINMENT: Hires Prager as Royalty Consultants
------------------------------------------------------
AOG Entertainment, Inc., and its debtor-affiliates seek permission
from the U.S. Bankruptcy Court for the Southern District of New
York to employ Prager Metis CPAs, LLC as royalty consultants for
the Debtors and Debtors in possession.

Subject to third party constraints, Prager will perform, in cost
effective matter, certain procedures to the degree deemed by Prager
to be appropriate upon the books and records of UMG Recordings,
Inc. made available for the purpose of areas of underpayment, if
any, and their extent, to 19 Recordings, Inc., o/b/o the recording
artists P/K/A Scotty McCreery, Laureen Alaina, and Phillip
Phillips.
   
Prager will evaluate the Debtors' royalty examination report dated
December 22, 2015 in connection with Universal Music Group.  Prager
will assist the Debtors in pursuing a final settlement of royalties
due, if any.

Prager will be paid at these hourly rates:

      Partner                 $414-525
      Manager                 $275
      Senior Associate        $210-230
      Associate               $35
      Support Staff           $66-85

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

Joseph Rust, partner at Prager Metis CPAs, LLC, assured the Court
that the firm is a "disinterested person" as the term is defined in
Section 101(14) of the Bankruptcy Code and does not represent any
interest adverse to the Debtors and their estates.

Prayer may be reached at:

      Joseph Rust
      Prager Metis CPAs, LLC
      2381 Rosecrans Avenue, Suite 350
      El Segundo, CA 90245
      Tel: 310.207.2220
      Fax: 310.207.0556

                 About AOG Entertainment



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



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



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



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



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



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



                       *     *     *



AOG Entertainment, Inc., et al., filed with the U.S.
Bankruptcy
Court for the Southern District of New York a
disclosure statement for the Debtor's first amended joint Chapter
11 plan of reorganization.

Holders of Class 5 General
Unsecured Claims, estimated at $23.92 million, will recover 3.5%.


The Disclosure Statement is available
at:

         

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



APOLLO MEDICAL: Stockholders Elect Seven Directors
--------------------------------------------------
At Apollo Medical Holdings, Inc.'s annual meeting of stockholders
held on Sept. 14, 2016, the stockholders:

(i) elected each of Warren Hosseinion, Gary Augusta, Mark    
     Fawcett, Thomas Lam, Suresh Nihalani, David Schmidt and Ted
     Schreck as directors to serve until the next annual meeting
     of stockholders;

(ii) adopted the Company's 2015 Equity Incentive Plan;

(iii) approved a non-binding advisory resolution relating to
      executive compensation; and

(iv) voted on a non-binding advisory proposal to hold
      future advisory votes relating to executive compensation
      triennially.

                      About Apollo Medical

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

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

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


ASPEN GROUP: Incurs $505,000 Net Loss in July 31 Quarter
--------------------------------------------------------
Aspen Group, Inc., filed with the Securities and Exchange
Commission its quarterly report on Form 10-Q disclosing a net loss
of $505,447 on $2.75 million of revenues for the three months ended
July 31, 2016, compared to a net loss of $718,706 on $1.70 million
of revenues for the three months ended July 31, 2015.

As of July 31, 2016, Aspen had $4.93 million in total assets, $3.64
million in total liabilities and $1.28 million in total
stockholders' equity.

On Aug. 31, 2016, the Company announced that it recently closed on
a $3 million credit line with its largest shareholder.  The credit
line, whose terms include a 12% per annum interest rate on drawn
funds and a 2% per annum interest rate on undrawn funds, will
extend through August 2019.  The Company initially drew down
$750,000 under the line, of which approximately $248,000 was used
to repay a secured line of credit with a bank.

At July 31, 2016, the Company had a cash balance of $480,317.  The
Company had cash provided from operating activities of $34,476.

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

                      About Aspen Group

Denver, Colo.-based Aspen Group, Inc., was founded in Colorado in
1987 as the International School of Information Management.  On
Sept. 30, 2004, it was acquired by Higher Education Management
Group, Inc., and changed its name to Aspen University Inc.  On
May 13, 2011, the Company formed in Colorado a subsidiary, Aspen
University Marketing, LLC, which is currently inactive.  On
March 13, 2012, the Company was recapitalized in a reverse merger.

Aspen's mission is to become an institution of choice for adult
learners by offering cost-effective, comprehensive, and relevant
online education.  Approximately 88 percent of the Company's
degree-seeking students (as of June 30, 2012) were enrolled in
graduate degree programs (Master or Doctorate degree program).
Since 1993, the Company has been nationally accredited by the
Distance Education and Training Council, a national accrediting
agency recognized by the U.S. Department of Education.

Aspen Group reported a net loss of $2.24 million on $8.45 million
of revenues for the year ended April 30, 2016, compared to a net
loss of $4.26 million on $5.22 million of revenues for the year
ended April 30, 2015.


AURORA GAS: Sale of C-Plan to Cook Inlet Energy for $20K Approved
-----------------------------------------------------------------
Judge Gary Spraker of the U.S. Bankruptcy Court for the District of
Alaska authorized Aurora Gas, LLC, to sell an Oil Discharge
Prevention and Contingency Plan to Cook Inlet Energy, LLC, for
$20,460.

The Debtor will retain the sales proceeds in trust pending
confirmation of a plan of reorganization or further order of the
Court.

                     About Aurora Gas

Sugarland, Texas-based Aurora Gas LLC owns and operates
gas-producing properties in Alaska and also engages in the
exploration and development of gas properties.

Erik LeRoy, Esq., at Erik Leroy P.C., on behalf of Aurora Well
Service, LLC, Shirleyville Enterprises, LLC, and Tanks A Lot, Inc.,
filed a involuntary Chapter 11 bankruptcy petition against the
Debtor (Bankr. D. Alaska Case No. 16-00130) on May 3, 2016.


AVANTI COMMUNICATIONS: Seeks to Make Bond Payments with Debt
------------------------------------------------------------
Joe Mayes, writing for Bloomberg Brief Distress & Bankruptcy,
reported that Avanti Communications Group Plc, the U.K. satellite
operator seeking to sell itself, asked bondholders to accept new
senior notes instead of cash interest payments to help ease a
financial squeeze.

According to the report, citing a company statement, the plan
covers payments due next month on $645 million of 2019 bonds.  Mast
Capital Management and Solus Alternative Asset Management, which
own a combined 60 percent of the debt, both support the proposal,
an Avanti spokesman said by e-mail to Bloomberg.

Avanti has also started work on a "long-term funding solution," and
it is continuing discussions with potential investors and
acquirers, the company said, the report related.  The London-based
satellite operator has run into trouble because overcapacity in the
satellite industry has weighed on sales and earnings, the report
further related.

"This refinancing is only a part-solution," Eric Beaudet, a
Paris-based analyst at Natixis SA, told Bloomberg.  "They're going
to have the same problem six months from now. The issue is not
resolved entirely."

                      *     *     *

The Troubled Company Reporter on July 19, 2016, reported that
Moody's Investors Service downgraded the Corporate Family Rating
and the senior secured bond ratings of Avanti Communications Group
plc ("Avanti") to Ca from Caa1 as well as its Probability of
Default Rating ("PDR") to Ca-PD from B3-PD.  The outlook on all
ratings is negative.

The TCR on July 14, 2016, reported that S&P Global Ratings lowered
its long-term corporate credit rating on U.K.-based fixed-satellite
services (FSS) provider Avanti Communications Group PLC (Avanti) to
'CCC-' from 'B-'.  At the same time, S&P lowered its issue ratings
on the company's senior secured debt to 'CCC' from 'B'.


BASIC ENERGY: Enters Into Forbearance Pact with Secured Lenders
---------------------------------------------------------------
Basic Energy Services, Inc. and certain subsidiaries announced that
the Company, its secured term loan lenders and secured asset-based
revolver lenders, and certain of its unsecured bondholders have
taken steps to enable the continuation of negotiations regarding a
deleveraging transaction.

Specifically, the Company has entered into a forbearance agreement
with over 81% of the holders of the 7.75% senior notes due 2019
with respect to the previously announced 30-day grace period
related to an $18.4 million payment of interest under the 2019
Notes.  The Company has elected not to make the interest payment
upon the expiration of the 30-day grace period.  Under the
forbearance agreement, the unsecured noteholders have agreed to
forbear from exercising their rights and remedies, including the
right to accelerate any indebtedness, through Sept. 28, 2016, in
connection with the interest payment default.

Additionally, the Company's Secured Lenders have agreed to provide
temporary waivers of certain existing and future defaults under the
Term Loan and ABL Facility related, in part, to the missed interest
payment.  The forbearance and temporary waivers will provide the
Company with additional flexibility to continue discussions with
all its creditors with the objective of improving Basic's long-term
capital structure.

Roe Patterson, Basic's president and chief executive officer,
stated, "I would like to express our appreciation to our Secured
Lenders and unsecured bondholders for their continued support and
cooperation.  The forbearance agreement and temporary waivers will
provide additional time to reach a mutually acceptable financial
restructuring plan that provides Basic with a sustainable capital
structure that supports the Company's long-term business plan and
results in long-term value generation for the benefit of our
employees, customers, vendors, and all other stakeholders."

The Company continues to believe that it has ample liquidity at
this time to continue efficient and uninterrupted operations in the
ordinary course and anticipates meeting all of its obligations to
suppliers, customers, and employees.  

Additional information is available for free at:

                      https://is.gd/z0204Q

                       About Basic Energy

Energy Services, Inc. provides a wide range of well site services
in the United States to oil and natural gas drilling and producing
companies, including completion and remedial services, fluid
services, well servicing and contract drilling.  These services are
fundamental to establishing and maintaining the flow of oil and
natural gas throughout the productive life of a well.  The
Company's broad range of services enables us to meet multiple needs
of its customers at the well site.

Basic Energy reported a net loss of $242 million in 2015
compared to a net loss of $8.34 million in 2014.  As of June 30,
2016, Basic Energy had $1.07 billion in total assets, $1.14 billion
in total liabilities, and a $62.4 million total stockholders'
deficit.

"If we are unable to generate sufficient cash flow or are otherwise
unable to obtain the funds required to make principal and interest
payments on our indebtedness, or if we otherwise fail to comply
with the various covenants in instruments governing any existing or
future indebtedness, we could be in default under the terms of such
instruments.  In the event of a default, the holders of our
indebtedness could elect to declare all the funds borrowed under
those instruments to be due and payable together with accrued and
unpaid interest, secured lenders could foreclose on any of our
assets securing their loans and we or one or more of our
subsidiaries could be forced into bankruptcy or liquidation. If our
indebtedness is accelerated, or we enter into bankruptcy, we may be
unable to pay all of our indebtedness in full.  Any of the
foregoing consequences could restrict our ability to grow our
business and cause the value of our common stock to decline," the
Company warned in its annual report for the year ended Dec. 31,
2015.

                          *    *     *

The TCR reported on March 14, 2016, that Moody's Investors Service
downgraded Basic Energy Services, Inc.'s Corporate Family Rating
(CFR) to Caa3 from Caa1, its senior unsecured notes rating to Ca
from Caa2, and lowered its Speculative Grade Liquidity Rating to
SGL-4 from SGL-3.  The outlook remains negative.

As reported by the TCR on Aug. 17, 2016, S&P Global Ratings lowered
its long-term corporate credit rating on TX-based oilfield services
company Basic Energy Services Inc. to 'CC' from 'CCC-'.
"The downgrade follows Basic's announcement on Aug. 15, 2016, that
it has decided to defer the coupon payment on its senior unsecured
notes maturing 2019," said S&P Global Ratings credit analyst
Christine Besset.  "The payment due date was Aug. 15, 2016, and
Basic is using the 30-day grace period provided in the notes'
indenture because the company is in the process of restructuring
its balance sheet," she added.


BASIC ENERGY: Moody's Lowers CFR to Ca, Outlook Remains Neg.
------------------------------------------------------------
Moody's Investors Service downgraded Basic Energy Services, Inc.'s
Corporate Family Rating to Ca from Caa3 and its Probability of
Default Rating to Ca-PD/LD from Caa3-PD.  At the same time, Moody's
affirmed Basic's senior unsecured rating at Ca and the company's
SGL-4 Speculative Grade Liquidity Rating.  The outlook remains
negative.

"The downgrade of Basic's CFR reflects the increased likelihood of
a near term restructuring following the company's failure to make
its scheduled August 15, 2016 interest payment on its 2019 notes
within the 30 day grace period," noted John Thieroff, Moody's Vice
President.  "The downgrade also incorporates our expectation for
family-wide recovery of less than 50%."  Moody's appended a limited
default designation to Basic's PDR because the missed interest
payment is deemed a default. The "LD" designation will be removed
from the PDR within a few days.

                         RATINGS RATIONALE

The Ca Corporate Family Rating (CFR) reflects Basic's unsustainably
high leverage, lack of interest coverage, relatively small tangible
asset base, the high likelihood of a near-term debt restructuring
on distressed terms, and Moody's expectation that family-wide
recovery will be less than 50%.  Although Basic benefits from
decent scale, its broad suite of well-site services, a diversified
customer base, and spending flexibility in periods of weak cash
flow, very weak industry fundamentals have greatly diminished the
value of these attributes.

The SGL-4 Speculative Grade Liquidity Rating reflects Moody's view
of weak liquidity through late 2017.  Although Basic had
$116 million of cash at June 30, 2016, Moody's expects the company
to exhaust most of this cash by mid-2017 absent a restructuring.
The company's revolving credit facility had a borrowing base of $74
million at June 30, 2016, with $51 million of letters of credit
issued and no direct borrowings.  Basic is not currently subject to
financial covenants under the facility; however, springing
covenants take effect when availability is $15 million or less.  In
that event, Basic is required to maintain a fixed charge coverage
ratio of at least 1x and a senior secured leverage ratio under
2.5x, levels we don't expect Basic to be able to achieve through
late 2017 -- limiting availability under the revolver to $8 million
on the current borrowing base.  The credit facility matures
November 2019.

The negative outlook reflects the prospect for weak cash flow
generation in 2016 and the limited liquidity we expect Basic to
face in by mid-2017.  A ratings downgrade is likely if liquidity
falls below $50 million.  While unlikely in the next 12 months
absent a debt restructuring, an upgrade could be considered if
Basic appears able to sustain interest coverage to above 1.0x while
maintaining adequate liquidity.

Basic Energy Services, Inc. is an oilfield services operator based
in Fort Worth, Texas.

The principal methodology used in these ratings was "Global
Oilfield Services Industry Rating Methodology" published in
December 2014.


BASIC ENERGY: S&P Lowers CCR to 'D' on Missed Interest Payment
--------------------------------------------------------------
S&P Global Ratings lowered its corporate credit ratings on Basic
Energy Services Inc. to 'D' from 'CC'.

In addition, S&P lowered its senior secured issue-level rating to
'D' from 'CCC', and its senior unsecured debt ratings to 'D' from
'CC'.  The recovery rating on the secured debt remains '1',
indicating S&P's expectation of very high (90%-100%) recovery in
the event of a default.  The recovery rating on the unsecured debt
remains '4', indicating S&P's expectation of average (30%-50%;
lower half of the range) recovery in the event of a default.

"The downgrade reflects Basic's failure to make the coupon payment
due under its 2019 notes within the 30-day grace period, and our
belief that the company will likely elect not to meet its financial
obligations to its debtholders until it has agreed on a financial
restructuring plan with them," said S&P Global Ratings credit
analyst Christine Besset.

Basic entered into a forbearance agreement through Sept. 28, 2016,
with about 81% of the holders of the 2019 notes.  The company's
secured lenders have also agreed to provide temporary waivers of
certain existing and future defaults under the company's term loan
and asset-based facility related, in part, to the missed interest
payment.  S&P notes that the company had $86 million of cash as of
the end of June 2016, and that it expects to continue to meet its
obligations to suppliers, customers, and employees.



BD WHITE: S&P Affirms 'B' CCR & Revises Outlook to Stable
---------------------------------------------------------
S&P Global Ratings said it affirmed its 'B' corporate credit rating
on Greenwich, Conn.-based BD White Birch Investment LLC.  At the
same time, S&P revised its rating outlook on the company to stable
from negative.  S&P also affirmed its 'B' issue-level rating on the
company's senior secured debt.  The recovery rating on the debt is
'3', indicating our expectation for meaningful (50%-70%; higher end
of the range).

"The stable outlook reflects our view that shipping volumes and
pricing in newsprint paper will remain stable over the next 12
months and should support current credit metrics," said S&P Global
Ratings credit analyst Thomas O'Toole.  "The secular decline that
the newsprint industry is undergoing is a slow, long-term trend
which, in our view is unlikely to impact the credit rating in the
short term."

S&P could lower the rating on BD White Birch if newsprint prices
declined more quickly and further than S&P expects from current
levels and debt to EBITDA rose above 8x and/or interest coverage
fell below 1x.  This could happen if global demand declines at a
faster rate than industrywide capacity.

S&P views an upgrade as unlikely in the near term given that it
expects BD White Birch will remain leveraged above 5x, and given
its ownership by a financial sponsor.  However, S&P could
potentially raise the rating on BD White Birch if the specialty
paper segment grew to be a larger percentage of total revenue to
the extent that the company was less exposed to traditional
newsprint pricing and demand and if debt to EBITDA leverage was
sustained below 5x.


BEN CLARK JR: Plan Outline Okayed, Confirmation Hearing on Oct. 12
------------------------------------------------------------------
The U.S. Bankruptcy Court for the Eastern District of Texas will
consider approval of the Chapter 11 plan of reorganization of Ben
Clark, Jr., at a hearing on October 12.

The hearing will be held at 9:30 a.m., at the Plano Bankruptcy
Courtroom, 660 N. Central Expressway, Third Floor, Plano, Texas.

The court will also consider at the hearing the final approval of
the Debtor's disclosure statement, which it conditionally approved
on August 30.

The order set a September 11 deadline for creditors to cast their
votes and a September 7 deadline to file their objections.

Under the proposed plan, the treatment of Class 4 general unsecured
creditors will occur under payments of $1,000 per month for 60
months for a total of $60,000.  The pay-outs to Class 4 creditors
will be based on the respective pro rata right to the pool based on
their allowed claim.

A copy of the disclosure statement detailing the plan is available
for free at https://is.gd/4UOX7S

The Debtor is represented by:

     Kevin S. Wiley, Jr.
     The Wiley Law Group, PLLC
     325 N. St. Paul Street, Suite 2750
     Dallas, TX 75201
     Tel. 469-619-5721
     Fax 469-619-525
     Email: kwiley@mahomesbolden.com
     Email: kevinwiley@lkswjr.com

                      About Ben Clark, Jr.

Ben Clark, Jr., a self-employed physician, sought protection under
Chapter 11 of the Bankruptcy Code (Bankr. E.D. Tex. Case No.
16-40202) on February 1, 2016.  The case is assigned to Judge
Brenda T. Rhoades.


BEVERLY GRUARIN: Disclosure Statement Hearing on October 4
----------------------------------------------------------
The U.S. Bankruptcy Court for the Western District of Pennsylvania
is set to hold a hearing on October 4, at 10:00 a.m., to consider
approval of the disclosure statement explaining the Chapter 11 plan
of Beverly Gruarin.

The hearing will take place at Courtroom D, 54th Floor, U.S. Steel
Tower, 600 Grant Street, Pittsburgh, Pennsylvania.  Objections are
due by September 27.

The Debtor's amended disclosure statement dated Aug. 26, 2016,
provides that Class 6 General Unsecured Claims are impaired and
will be paid an estimated total of $3,678.44.  This is an estimated
1% of unsecured claims.  The Debtor will pay a lump sum payment of
$3,678.44 on or before the five-year anniversary of the effective
date of the Plan.  Unless after notice and a hearing the court
orders otherwise for cause, confirmation of the Plan does not
discharge any debt under Class 12 provided for in the Plan until
the Court grants a discharge on completion of all payments under
the Plan.

The Plan is to be implemented by the reorganized Debtor through
future income of the Debtor derived by her podiatry business and
additional income from working for a colleague who is seeking to
scale back his work.  The Debtor is also anticipating rental income
from 730 Ohio River Boulevard property.

The Aug. 26 Disclosure Statement is available at
http://bankrupt.com/misc/pawb13-25009-221.pdf

A later filed Amended Disclosure Statement provides, among other
things, that General Unsecured Non-Tax Claims total $5,678.62,
while General Unsecured Tax Claims total $361,941.78.  The Amended
Disclosure Statement is available at
http://bankrupt.com/misc/pawb13-25009-223.pdf

Beverly Gruarin is a sole practitioner podiatrist.  She also owns
and manages two residential rental properties.  She filed for
Chapter 11 bankruptcy (Bankr. W.D. Pa. Case No. 13-25009) on
November 26, 2013, and is represented by Brian C. Thompson, Esq.
The Hon. Jeffery A. Deller presides over the case.


BILL BARRETT: To Post Updated Investor Presentation on Website
--------------------------------------------------------------
Bill Barrett Corporation said in a regulatory filing that it will
be posting on its Web site at http://www.billbarrettcorp.com/an
updated investor presentation on Sept. 19, 2016.

                        About Bill Barrett

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

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

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

                            *    *    *

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

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


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

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

A full-text copy of the Order, dated September 8, 2016, is
available at https://is.gd/SZpADF


               About Billingsley Precision Machining, LLC
                    dba West Precision Machine

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


BLUE LEOPARD: Can Use Cash Collateral on Interim Basis
------------------------------------------------------
Judge Mike K. Nakagawa of the U.S. Bankruptcy Court for the
District of Nevada authorized Blue Leopard L.L.C. to use cash
collateral on an interim and continuing basis.

The Debtor was allowed to use the revenue generated from its
properties located at:

     1) 316 Lingering LN, Henderson, NV 89012

     2) 3334 King Elder St, Las Vegas, NV 89117

     3) 1729 Comstock Dr, Henderson, NV 89014

Judge Nakagawa authorized the Debtor to use cash collateral to
maintain its properties, pay for maintenance expenses, Real Estate
Taxes, property insurance premiums, HOA expenses, and/or utilities
expenses incurred by the properties and for no other purpose.

A full-text copy of the Order, entered on September 6, 2016, is
available at https://is.gd/wCOEfQ


                     About Blue Leopard

Blue Leopard L.L.C. sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. D. Nev. Case No. 16-10686) on February 18,
2016.   The petition was signed by J. Colby Wheeler, managing
member.  The case is assigned to Judge Mike K. Nakagawa.  The
Debtor is represented by Seth D. Ballstaedt, Esq., at The
Ballstaedt Law Firm.  The Debtor estimated assets of $500,000 to $1
million and debts of $1 million to $10 million.


BORDER EXPRESS: Can Get $12K Financing From RREF CB SBL II-AL KKI
-----------------------------------------------------------------
Judge Clifton R. Jessup, Jr. of the U.S. Bankruptcy Court for the
Northern District of Alabama authorized Border Express, Inc. to
obtain unsecured postpetition financing from RREF CB SBL II-AL KKI,
LLC.

The terms of the unsecured post-petition financing, among others,
are:

     (a) Commitment: Amount not to exceed $12,696.

     (b) Interest Rate: Zero percent per annum.

     (c) Maturity Date: October 31, 2016

     (d) Collateral: None.

A full-text copy of the Order, dated Sept. 14, 2016, is available
at https://is.gd/dnlgzi

                    About Border Express

Border Express, Inc., doing business as Frizzle's Restaurant, filed
a chapter 11 petition (Bankr. N.D. Ala. Case No. 16-82288) on Aug.
11, 2016.  The petition was signed by Jared Sharp, president.  The
Debtor is represented by Jarrod M. Maddox, Esq., at Jones Walker,
LLP.  The Debtor estimated assets and liabilities at $0 to $50,000
at the time of the filing.

The Company is an Alabama corporation and owns and operates a
restaurant in Huntsville, Alabama, doing business as "Frizzle's
Restaurant."


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

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


BRAZOS PRESBYTERIAN: Fitch Assigns 'BB+' Rating on $79MM Bonds
--------------------------------------------------------------
Fitch Ratings has assigned a 'BB+' rating to the approximately $79
million Harris County Cultural Education Facilities Finance
Corporation first mortgage revenue bonds series 2016 issued on
behalf of Brazos Presbyterian Homes (Brazos).  In addition, Fitch
has affirmed the 'BB+' rating on Brazos' series 2013A&B bonds,
which are also issued through the Harris County Cultural Education
Facilities Finance Corporation.

The Rating Outlook is revised to Positive from Stable.

The series 2016 bonds will be fixed rate and bond proceeds will be
used to advance refund the series 2013B bonds.  The par amount on
the series 2016 bonds will be higher than the amount being refunded
($67.5 million) given the escrow sizing requirements. There will be
a debt service reserve fund (DSRF).  The bonds are expected to
price the week of Oct. 10th.

                             SECURITY

The bonds are secured by a gross revenue pledge, mortgage pledge
and DSRF.

                         KEY RATING DRIVERS

EXECUTION OF SIGNIFICANT EXPANSION PROJECT: The Outlook revision to
Positive from Stable reflects Brazos' successful fill of its new
independent living units (ILUs), which occurred over a short time
period.  The expansion project at Brazos Towers is essentially
complete with the construction of a new tower (East Tower) that
includes 84 additional ILUs, 25 assisted living units (ALUs), and
eight memory support units.  The new ILUs were available for
occupancy gradually with the first move in in March 2016 and the
new units are almost 100% occupied as of September 2016 (83 of 84).
The new ALU and memory support as well as four additional ILUs
(converted from existing ALU) should be available for occupancy in
late third quarter 2016.  The project cost is relatively in line
with budget and has met the original timeline for reaching
stabilized occupancy despite weather conditions that slowed
construction.

GROWTH IN LIQUIDITY: Brazos' liquidity has significantly improved
since Fitch's last rating review in September 2015 due to receipt
of initial entrance fees.  During 2016, Brazos used its own cash to
fund project costs and to pay down temporary debt, which was
subsequently replenished with the receipt of initial entrance fees.
Total initial entrance fees received through July 31, 2016, was
$25 million and the initial entrance fee pool is projected to total
$29.7 million.  At July 31, 2016, days cash on hand and pro forma
cash to debt of 1,041 and 67.6%, respectively compare favorably to
the 'BBB' category medians of 400 and 60%, respectively.

PAYDOWN OF TEMPORARY DEBT: Fitch views favorably the paydown of the
temporary debt, which was a $25 million construction loan from
BB&T.  Brazos only used approximately $13 million of the loan,
which was paid off by April 2016.  In addition, Brazos is no longer
exposed to the more stringent bank agreement terms.

HIGH DEBT BURDEN: Brazos' debt burden is high and pro forma maximum
annual debt service (MADS) accounted for 26.6% of total revenue
through the seven months ended July 31, 2016.  Debt service
coverage is depressed as the additional revenue from the expansion
project is not yet fully realized.  MADS coverage was 1.3x through
the seven months ended July 31, 2016, compared to 1.5x in 2015 and
1.2x in 2014.  Coverage for 2017 is expected to be 1.7x.

CONSISTENT OCCUPANCY: Demand is good as demonstrated by solid
occupancy at both communities.  Brazos Towers will need to backfill
some existing ILUs as several residents for the East Tower had
moved to the existing West Tower while waiting for construction
completion.  At July 31, 2016, overall ILU occupancy was 88% with
85% at Brazos Towers and 92% at Hallmark.  There could be more
existing ILUs at the West Tower that need to be backfilled once the
additional ALUs and memory support units come on line (net
additional 25 units).

                           RATING SENSITIVITIES

IMPROVED DEBT SERVICE COVERAGE: Fitch will monitor management's
progress with the remaining elements of the project - fill of
assisted living units and memory support - and subsequent backfill
of existing independent living units.  The successful execution of
the remainder of the project in combination with the benefits of
the expected additional revenue is likely to result in positive
rating movement.

                           CREDIT PROFILE

Brazos is a Type B continuing care retirement community (CCRC) that
owns two communities, Brazos Towers at Bayou Manor (Brazos Towers)
and the Hallmark, located in Houston, TX.  These communities have
been operated by Brazos since 1963 and 1972, respectively.  Brazos
Towers currently has 173 ILUs (84 added since March 2016), eight
ALUs, and 37 licensed skilled nursing (SNF) beds.  By the end of
late third quarter 2016, total available units at Brazos Towers
will be 177 ILUs, 25 ALUs, eight memory support units, and 37 bed
SNF.

The Hallmark has 125 ILUs, 12 ALUs, 10 memory support units, and 32
bed SNF.  Although the communities are only approximately six miles
apart, the resident draw for each community is from different zip
codes within the Houston area.  Brazos had
$21 million in total revenue in 2015 (Dec. 31 year end).

                            THE PROJECT

The expansion project at Brazos Towers has been in the planning
stages since 2008, and the project is essentially complete.  In
addition to the additional units (84 ILUs, 25 ALUs, eight memory
support units), the project also added new common spaces and
amenities (fitness center, pool and an informal dining option),
additional parking and the renovation of its healthcare center
(completed in 2015).  Eight of the existing ALUs will be converted
to four ILUs.  Management indicates high resident satisfaction with
the project and a seamless transition architecturally between the
existing (West Tower) and new (East Tower).

The final project cost is still to be determined as change orders
are being processed, but is expected to total $96 million compared
to the budget of $94 million.  Funding sources include 2013 bond
proceeds, construction loan (paid down as of April 2016), initial
entrance fees, and equity contribution.

The new ILUs were available beginning March 2016 and as of Sept. 1,
2016, management stated 83 of the 84 new units are occupied. About
22-24 residents for the East Tower units moved to the community
early while waiting for construction to be complete. With the move
of these residents from the existing units to the East Tower the
backfill of the existing units (West Tower) will be a focus.

        CONSISTENT ILU OCCUPANCY DESPITE INCREASED CAPACITY

Fitch believes Brazos' service area has favorable characteristics
with good demographics and a stable housing market.  Spectrum has
also been on board since 2009 and has provided marketing services
especially related to the new project.  At July 31, 2016, ILU
occupancy at Brazos Towers was 85%.  Overall ILU occupancy was 88%
for both communities combined.

Brazos Towers' SNF occupancy has recently improved as the SNF was
undergoing renovations and became fully available in September
2015.  SNF occupancy was 81.9% through the seven months ended July
31, 2016, compared to 67.4% in 2015.  The percentage of Medicare
residents also increased due to its relationship with local
hospitals.  The Brazos Towers SNF is rated five stars by CMS. The
Hallmark's SNF is 100% private pay but management is considering
applying for Medicare certification.

                     GOOD FINANCIAL PROFILE

Many of Brazos' financial metrics compare favorably to investment
grade medians, especially with the growth in the balance sheet
since Fitch's last rating review.  However, given the high debt
burden, debt service coverage will need to be more in line with
'BBB' category medians before upward rating movement.

Profitability has weakened due to increased depreciation and
interest expense but net operating margin is still very favorable
at 29% through the seven months ended July 31, 2016, compared to
33.4% in 2015 and the 'BBB' category median of 19.3%.

Debt service coverage based on existing MADS (excluding debt for
expansion project) is very good and the covenant calculation was
3.9x through the seven months ended July 31, 2016, compared to 4.6x
in 2015 and 3.7x in 2014.  Debt service coverage based on pro forma
MADS ($6.6 million) will be tested as of 2017 with the
stabilization of the project.  Debt service coverage on pro forma
MADS was 1.3x through the seven months ended July 31, 2016,
compared to 1.5x in 2015.  Debt service coverage is projected to be
1.7x in 2017.

Brazos' liquidity position has always been strong for the rating
level, but further improved since Fitch's last rating review.
Unrestricted cash and investments totaled $70.4 million at July 31,
2016, which increased from $56.8 million at fiscal year-end 2015.
Brazos has received approximately $25 million in initial entrance
fee receipts through July 2016.  Days cash on hand and pro forma
cash to debt compare favorably to the 'BBB' category medians.
Final spending on the project is expected to be about $3.5 million,
which will be funded from the initial entrance fees.  Ongoing
capital expenditures are projected to total about $4 million a
year.

                         HIGH DEBT BURDEN

Total debt outstanding is $92 million and is 100% fixed rate and
includes the 2013A and B bonds as well as note payable.  Pro forma
debt outstanding will increase despite the refinancing of the
outstanding 2013B bonds since the refunding par amount will need to
be higher than the outstanding debt to fund the escrow for the
advance refunding.  Total pro forma debt after the series 2016
issuance is approximately $104 million.

Fitch views favorably the repayment of the construction loan, which
was well in advance of the mandatory tender date of Dec. 1, 2018.
In addition, the full amount was never utilized.

                   LEGAL PROVISIONS AND DISCLOSURE

Under the MTI, Brazos is required to maintain MADS coverage of
1.2x, 180 days cash on hand and various marketing and occupancy
targets.  There are no events of default related to the liquidity,
marketing or occupancy covenants.  Events of default include MADS
coverage below 1.2x for two consecutive years and below 180 days
cash on hand or MADS coverage below 1x.

Brazos covenants to provide annual audits within 150 days of fiscal
year end and quarterly disclosure for all four quarters within 45
days of quarter end.


BUFFETS LLC: Have Until Sept. 30 to File Chapter 11 Plan
--------------------------------------------------------
Judge Ronald B. King of the U.S. Bankruptcy Court for the Western
District of Texas extended Buffets, LLC, et. al.'s exclusive
periods to file a chapter 11 plan and solicit acceptances to the
plan through September 30, 2016 and November 28, 2016,
respectively.

The Debtors previously sought the extension of their exclusive
periods to file a chapter 11 plan and solicit acceptances to the
plan, which were set to expire on September 5, 2016 and November 2,
2016.

The Debtors contended that the varied nature of the interests in
their cases, the number of operating restaurants, and the
complexities of the Chapter 11 cases compelled them to request the
extension of their exclusive periods.

                         About Buffets LLC.

Buffets LLC, et al., are one of the largest operators of
buffet-style restaurants in the U.S.  The buffet restaurants,
located in 25 states, principally operate under the names Old
Country  Buffet(R), Country Buffet(R), HomeTown(R) Buffet,
Ryan's(R) and Fire Mountain(R).  These locations primarily offer
self-service buffets with entrees, sides, and desserts for an
all-inclusive price.  In addition, Buffets owns and operates an
10-unit full service, casual dining chain under the name Tahoe
Joe's Famous Steakhouse(R).

Buffets Holdings, Inc., filed for Chapter 11 relief in January 2008
and won confirmation of a reorganization plan in April 2009.  In
January 2012, Buffets again sought Chapter 11  protection and
emerged from bankruptcy in July 2012.

In Aug. 19, 2015, Alamo Ovation, LLC acquired Buffets Restaurants
Holdings, Inc., and as a result of the merger, Buffets operated
over 300 restaurants in 35 states.

Down to 150 restaurants in 25 states after closing unprofitable
locations, Buffets LLC and its affiliated entities sought Chapter
11 protection (Bankr. W.D. Tex. Case No. Lead Case No. 16-50557) in
San Antonio, Texas, on March 7, 2016.  The cases are assigned  to
Judge Ronald B. King.

The Debtors have tapped John E. Mitchell, Esq., David W. Parham,
Esq., Andrea Hartley, Esq., Esther A. McKean, Esq., and Amy M.
Leitch, Esq., at Akerman, LLP as counsel, Bridgepoint Consulting,
LLC as financial advisor and Donlin, Recano & Company as claims and
noticing agent.




BUILDERS FIRSTSOURCE: Modifies Dutch Auction Tender Offer
---------------------------------------------------------
Builders FirstSource, Inc. announced the commencement of a cash
tender offer to purchase up to $50,000,000 aggregate principal
amount of its 10.75% Senior Notes due 2023 (CUSIP Nos. 12008R AH0
(144A) and U08985 AD2 (Reg S)) at a purchase price per $1,000
principal amount determined in accordance with a modified Dutch
auction procedure on the terms and subject to the conditions set
forth in the Offer to Purchase dated Sept. 14, 2016, and the
related Letter of Instruction.

Acceptable bid prices fall within a purchase price range between
$1,135 to $1,175, in each case inclusive, per $1,000 principal
amount of Notes validly tendered.  The Company will determine a
purchase price for Notes tendered within the purchase price range
that will allow the Issuer to purchase $50,000,000 in aggregate
principal amount of Notes (or such lesser amount of Notes as are
validly tendered) within the purchase price range.  In the event
that the aggregate principal amount of Notes validly tendered at or
below the Clearing Price exceeds $50,000,000, then, in accordance
with the terms and subject to the conditions of the Tender Offer,
the Company will prorate Notes validly tendered at the Clearing
Price.

The Company will pay accrued and unpaid interest on the Notes from
Sept. 1, 2016, the last interest payment date for the Notes, to but
excluding the date on which the Notes are purchased.  The Company
expects to fund the purchase of the Notes pursuant to the Tender
Offer, including such accrued and unpaid interest and any related
fees and expenses, with borrowings under its existing ABL credit
facility and cash on hand.

The Tender Offer is scheduled to expire at 11:59 P.M., New York
City time, on Oct. 12, 2016, unless such time and date is extended
or earlier terminated by the Company (such date and time, the
"Expiration Time").  The Tender Offer is conditioned upon the
satisfaction or waiver of certain conditions as described in the
Offer to Purchase.  Subject to applicable law, the Company may
terminate the Tender Offer at any time prior to the applicable
Expiration Time in its sole discretion.

D.F. King & Co., Inc. is acting as the Information Agent and the
Tender Agent for the Tender Offer.  Questions and requests for
documentation relating to the Tender Offer should be directed to
D.F. King & Co., Inc. at (888) 887-1266 (toll free) or (212)
269-5550 (banks and brokers only) or by email at BLDR@dfking.com.

                    About Builders FirstSource

Headquartered in Dallas, Texas, Builders FirstSource --
http://www.bldr.com/-- is a supplier and manufacturer of
structural and related building products for residential new
construction.  The Company operates 56 distribution centers and 56
manufacturing facilities in nine states, principally in the
southern and eastern United States.  Manufacturing facilities
include plants that manufacture roof and floor trusses, wall
panels, stairs, aluminum and vinyl windows, custom millwork and
pre-hung doors.  Builders FirstSource also distributes windows,
interior and exterior doors, dimensional lumber and lumber sheet
goods, millwork and other building products.

Builders Firstsource reported a net loss of $22.8 million on $3.56
billion of sales for the year ended Dec. 31, 2015, compared to net
income of $18.2 million on $1.60 billion of sales for the year
ended Dec. 31, 2014.

                           *     *     *

As reported by the TCR on July 15, 2015, Standard & Poor's Ratings
Services said it raised its corporate credit rating on Builders
FirstSource Inc. to 'B+' from 'B'.  

"The stable outlook reflects our view that Builders FirstSource
will continue to increase sales and EBITDA as U.S. residential
construction continues to recover from an historic downturn and the
company realizes significant synergies from the merger.  As a
result, we expect some improvement in the company's leverage
measures over the next 12 to 24 months while it maintains adequate
liquidity," said Standard & Poor's credit analyst Pablo Garces.

In the May 13, 2014, edition of the TCR, Moody's Investors Service
upgraded Builders FirstSource's Corporate Family Rating to 'B3'
from 'Caa1'.  The upgrade reflects Moody's expectation that BLDR's
operating performance will continue to benefit from improved
housing construction, repair and remodeling.


C SWANK ENTERPRISES: Voluntary Chapter 11 Case Summary
------------------------------------------------------
Debtor: C Swank Enterprises, LLC
        1244 Ridge Road
        Apollo, PA 15613

Case No.: 16-23451

Chapter 11 Petition Date: September 15, 2016

Court: United States Bankruptcy Court
       Western District of Pennsylvania (Pittsburgh)

Judge: Hon. Carlota M. Bohm

Debtor's Counsel: Donald R. Calaiaro, Esq.
                  CALAIARO VALENCIK
                  428 Forbes Ave., Suite 900
                  Pittsburgh, PA 15219
                  Tel: 412-232-0930
                  Fax: 412-232-3858
                  E-mail: dcalaiaro@c-vlaw.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Carol A. Swank, managing member.

The Debtor has no unsecured creditor.

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

      http://bankrupt.com/misc/pawb16-23451_petition.pdf


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

C-Leveled, LLC, based in Pittsburgh, Pa., filed a Chapter 11
petition (Bankr. W.D. Pa. Case No. 16-22748) on July 26, 2016.
Hon. Gregory L. Taddonio presides over the case. Donald R.
Calaiaro, Esq. of Calaiaro Valencik as bankruptcy counsel.

In its petition, the Debtor estimated $0 to $50,000 in assets and
$1 million to $10 million in liabilities.  The petition was signed
by Denise DeSimone, chairman.


CAFE SERENDIPITY: Mark Noffke Quits as CEO, CFO and Director
------------------------------------------------------------
Mark Noffke resigned as chief executive officer, chief financial
officer and director of Cafe Serendipity Holdings, Inc., effective
Sept. 9, 2016.  The resignations did not result from any
disagreements with the Company on any matters relating to the
Company's operations, policies or practices, according to a
regulatory filing with the Securities and Exchange Commission.

                  About Cafe Serendipity Holdings

Based in Henderson, Nevada, Force Fuels Inc., now known as Cafe
Serendipity Holdings, Inc., owns and operates Cafe Serendipity
Inc., a builder of upscale branded turnkey retail stores, financial
solutions, technology and science to the recreational and medical
marijuana industry.  The company plans to market a unique branded
product line of accessories, apparel, coffee and teas, bakery and
other edibles, lotions, marijuana and oils through a coast to coast
franchise and dealer network to the recreational and the
approximately 6,000 existing legal medical marijuana dispensaries
in the USA.

Force Fuels' balance sheet at Oct. 31, 2011, showed $1.06 million
in total assets, $1.42 million in total liabilities, and a
stockholders' deficit of $358,092.

As reported in the TCR on Dec. 6, 2011, Sadler, Gibb & Associates,
LLC, in Salt Lake City, Utah, expressed substantial doubt about
Force Fuels' ability to continue as a going concern, following the
Company's results for the fiscal year ended July 31, 2011.  The
independent auditors noted that the Company had accumulated losses
of $3.8 million as of July 31, 2011.

The Company had notified the SEC regarding the late filing of its
quarterly report on Form 10-Q for the period ended Jan. 31, 2012,
citing limited accounting staff and incomplete financial
statements.  The Company has not filed any financial report since
the filing of its quarterly report for the period ended Oct. 31,
2011.


CALMARE THERAPEUTICS: Insufficient Cash Raises Going Concern Doubt
------------------------------------------------------------------
Calmare Therapeutics Incorporated filed its quarterly report on
Form 10-Q, disclosing a net loss of $1.11 million on $195,000 of
product sales for the three months ended June 30, 2016, compared to
a net loss of $778,760 on $200,000 of product sales for the same
period in 2015.

For the six months ended June 30, 2016, the Company reported a net
loss of $1.99 million on $251,000 of product sales compared to a
net loss of $1.78 million on $207,950 of product sales for the six
months ended June 30, 2015.

As of June 30, 2016, Calmare had $4.12 million in total assets,
$16.1 million in total liabilities, all current and a total
shareholders' deficit of $12.01 million.

The Company has incurred operating losses since fiscal 2006 and has
a working capital deficiency at June 30, 2016.  During the three
months ended June 30, 2016 and 2015, the Company had a significant
concentration of revenues from sales of its Calmare Devices.  The
Company continue to seek revenue from new and existing technologies
or products to mitigate the concentration of revenues, and replace
revenues from expiring licenses on other technologies.

Although the Company have taken steps to significantly reduce
operating expenses going forward, even at these reduced spending
levels, should the anticipated increase in revenue from sales of
Calmare Devices and other technologies not occur, the Company may
not have sufficient cash flow to fund operations through 2016 and
into 2017.  These conditions raise substantial doubt about the
Company's ability to continue as a going concern.

The Company's continuation as a going concern is dependent upon its
developing recurring revenue streams sufficient to cover operating
costs.  The Company does not have any significant individual cash
or capital requirements in the budget going forward.  If necessary,
the Company will meet anticipated operating cash requirements by
further reducing costs, issuing debt and/or equity, and/or pursuing
sales of certain assets and technologies while the Company pursue
licensing and distribution opportunities for its remaining
portfolio of technologies.  There can be no assurance that the
Company will be successful in such efforts.  To return to and
sustain profitability, the Company must increase its revenue
through sales of its Calmare Devices and other products and
services related to the Devices. The Company's recent contract with
the U.S. Government over five years will significantly improve its
revenue streams.  Failure to develop a recurring revenue stream
sufficient to cover operating expenses would negatively affect the
Company's financial position.

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

                    About Calmare Therapeutics

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

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

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



CANCER GENETICS: J. El Naggar to Quit as VP Research & Development
------------------------------------------------------------------
Jane Houldsworth El Naggar, vice president of Research and
Development of Cancer Genetics, Inc., notified the Company of her
intention to resign from her position with the Company in
approximately a month's time to pursue an academic position in
cancer research.  It is expected that she will continue to
collaborate on certain pending projects.

The Company believes it will be able to readily continue its
current research and development activities with its current staff
and has no immediate plans to fill Dr. Houldsworth's position.
    
                    About Cancer Genetics

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

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

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


CASTLE PINES: Wants to Use Ameris Bank Cash Collateral
------------------------------------------------------
Castle Pines Group, LLC, asks the U.S. Bankruptcy Court for the
Northern District of Georgia for authorization to use cash
collateral.

The Debtor's primary asset is a building on approximately 18 acres
of land located at 256 Paper Lane, Clarkesville, Habersham County,
Georgia.  The Debtor leases the Building to North Georgia
Converting, Inc. at a monthly rental rate of $9,500.

The Debtor's primary creditor, Ameris Bank, asserts a secured
interest in the Building and also in accounts receivable,
instruments, general intangibles, contracts, and rental income.
Ameris Bank asserts a total indebtedness due of approximately
$1,521,418.

The Debtor relates that it is not aware of any other creditor
holding a secured interest in assets which may be considered cash
collateral.  The Debtor further relates that American Microloans
may claim a secured interest in some of the Debtor's assets,
although the Debtor's representatives have not identified a UCC-1
financing statement or other documentation showing a perfected
security interest in assets which is considered cash collateral.
The Debtor adds that American Mircoloans is owed approximately
$102,904.

The Debtor tells the Court that it needs to use rental income and
cash collateral to meet its ordinary expenses and to make adequate
protection payments to Ameris Bank in the amount of $9,000.

The Debtor's proposed Monthly Operating Budget provides for total
expenses in the amount of $9,117.

The Debtor proposes to grant Ameris Bank with replacement or
continuing liens on the Debtor's assets of the same type and nature
as the Ameris Bank's prepetition claim.

A full-text copy of the Motion, dated Sept. 14, 2016, is available
at https://is.gd/ZyO1oL

Ameris Bank can be reached at:

          AMERIS BANKRUPTCY     
          GGL Department
          1201 W. Peachtree Street, NW
          Suite 3150
          Atlanta, GA 30309

Ameris Bank is represented by:

          Mitchell Rosen, Esq.
          KITCHENS, KELLEY, GAYNES, PC
          5555 Glenridge Connector, Suite 800
          Atlanta, GA 30342

                  About Castle Pines Group

Castle Pines Group, LLC, based in Clarkesville, Ga., filed a
Chapter 11 petition (Bankr. N.D. Ga. Case No. 16-21508) on Aug. 1,
2016.  The petition was signed by Vernon Mintz, managing member.
The Debtor is represented by Bradley J. Patten, Esq., at Smith,
Gilliam, Williams and Miles, P.A.  The Debtor disclosed $1.7
million in total assets and $1.65 million in total liabilities.  



CATINA KEARES: Selling Exton Property to Intermedia for $750K
-------------------------------------------------------------
Catina S. Keares asks the U.S. Bankruptcy Court for the Eastern
District of Pennsylvania to authorize the private sale of the real
property located at 603 and 605 (units 10 and 11) Jeffers Circle,
Exton, Pennsylvania to Intermedia Group, Inc., for $750,000, plus
an additional amount not to exceed $1,500 to pay any municipal
bills and/or fines issued with respect to the property and minus
the closing costs resulting from the sale of the property.

A copy of Agreement for the Sale of Commercial Real Estate attached
to the Motion is available for free at:

             http://bankrupt.com/misc/Catina_Keares_74_Sales.pdf

The Agreement contemplates the sale of the property to the Buyer
for the purchase price. The Buyer is unrelated to the Debtor or any
of her affiliates, officers, or agents. Closing on the sale is
scheduled on Oct. 14, 2016.

The Property is currently encumbered by a mortgage with First
Niagara Bank in the approximate amount of $250,000.

The Debtor is currently negotiating with U.S. Bank National
Association to resolve its pending motion to dismiss the bankruptcy
case or alternatively motion for relief from the stay. The Debtor
expects to net significant proceeds from the sale of the property,
therefore it expects that a large portion of those proceeds will
paid to U.S. Bank conditioned upon an agreement with U.S. Bank to
resolve its motion.

The property may also subject to a number of judgments or liens
from individuals and/or entities with judgments the Debtor that are
recorded in Chester County.

The Debtor submits that the decision to sell the property is based
upon sound business judgment and should be approved. The Debtor has
worked diligently to explore alternatives to the proposed sale and
seek alternative buyers. However, the state of the property and the
Debtor's financial situation resulted in the Debtor's determination
that the sale of the property is a necessary step towards a
successful and meaningful distribution to the Debtor's creditors.
The Debtor thus believes that the sale of the property will provide
the best result for her estate and creditors.

The Debtor believes that it is unlikely that another offer will be
higher than the purchase price proposed by the Buyer. The Debtor
marketed the property and had contact with other potential
purchasers, but no other offers were received on the property. In
addition, the Buyer is a current tenant at the property who is
familiar with the property. The Debtor believes a sale of the
property pursuant through a private sale will maximize the sale
proceeds received by the estate.

The Debtor respectfully requests that the 14 day stay provision of
FRBP 6004(h) be waived due to the urgency of the matter. As a term
of the Agreement, the sale will need to close on Oct. 14, 2016.

The Purchaser can be reached at:

          INTERMEDIA GROUP, INC.
          605 Jeffers Circle
          Exton, PA 19341

Counsel to the Debtor:

          Thomas D. Bielli, Esq.
          David M. Klauder, Esq.
          Cory P. Stephenson, Esq.
          BIELLI & KLAUDER, LLC
          1500 Walnut Street, Suite 900
          Philadelphia, PA 19102
          Telephone: (215) 642-8271
          Facsimile: (215) 754-4177
          E-mail: tbielli@bk-legal.com
                  dklauder@bk-legal.com
                  cstephenson@bk-legal.com

Catina S. Keares sought Chapter 11 protection (Bankr. E.D. Pa. Case
No. 16-12831) on April 21, 2016. The Debtor tapped David M.
Klauder, Esq. at the Bielli & Klauder, LLC as counsel.


CHARLOTTE SALWASSER: Will Distribute $200K-$500K to Unsecureds
--------------------------------------------------------------
Charlotte Saiwasser and the Court Appointed Chief Restructuring
Officer James E. Salven submit a Disclosure statement in
conjunction with the Debtor's First Modified Chapter 11 Plan of
Reorganization dated June 10, 2016, which is set for confirmation
on Oct. 4, 2016.

The Plan Proponents estimate that retained monies after payment of
the obligations arising from the global settlement, together with
the receipt of tax refunds, will be between $1.25 million and $1.5
million and will be utilized to pay remaining administrative claims
consisting of professional fees and priority tax claims, with an
estimated sum of approximately $250,000 to $500,000 to be
distributed to general unsecured creditors pursuant to the Plan.

The Debtor and George Salwasser, who parties to a divorce which is
pending in San Luis Obispo County Superior Court, anticipated a
distribution of $125,000 to each of them will resolve community
property issues in the case.  

The Debtor estimates Central Valley Community Bank's general
unsecured claim to be $4.7 million, plus the assigned Grower claims
from the global settlement, and the remaining general unsecured
claims is estimated at $4.1 million.  These claims will share
pro-rata in the anticipated disbursement pursuant to the Plan.

The Proponents submit that there is no further need for the
liquidation of assets as that process has completed during this
Chapter 11 case.

A full-text copy of the Disclosure Statement dated September 8,
2016 is available at http://tinyurl.com/hy85wgs

                       About Charlotte Ellen Salwasser

Charlotte Ellen Salwasser sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. E.D. Calif. Case No. 15-10705) on February
26, 2015.


CHRISTOPHER HAMILTON: Unsecured Creditors to Get 1.12% of Claims
----------------------------------------------------------------
General unsecured creditors will get about 1.12% of their claims
under the latest plan of reorganization of Christopher John
Hamilton and Elizabeth Leigh Tesolin.

Under the latest plan, Class 2B general unsecured creditors will
only get 1.12% of their claims.  If Summa's $2.978 million claim is
disallowed, however, creditors will recover 2.49% of their claims.

Class 2B general unsecured creditors will receive, at a minimum, a
pro-rata share of a fund totaling $60,720, created by the Debtors'
payment of $3,036 per quarter for a period of 60 months.

Meanwhile, each Class 2A General unsecured creditor, whose claim is
$500 or less, will receive on the effective date of the plan a
single payment equal to the lesser of its allowed claim or $500,
according to the disclosure statement detailing the plan.

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

The Debtors are represented by:

     Paul J. Leeds, Esq.
     Maggie E. Schroedter, Esq.
     Higgs Fletcher & Mack LLP
     401 West A Street, Suite 2600
     San Diego, CA 92101-7913
     Tel: 619.236.1551
     Fax: 619.696.1410
     Email: leedsp@higgslaw.com
     Email: schroedterm@higgslaw.com

Christopher John Hamilton and Elizabeth Leigh Tesolin filed for
Chapter 11 bankruptcy protection (Bankr. S.D. Calif. Case No.
14-03142) on April 24, 2014.


CLAIRE'S STORES: Elects to Delay $77-Mil. Interest Payments
-----------------------------------------------------------
Claire's Stores, Inc., announced its election to delay making
interest payments on certain outstanding debt.  The Company also
provided an update on its note exchange offer and Europe credit
facility refinancing.

The Company elected to delay interest payments due Sept. 15, 2016,
on its outstanding 6.125% Senior Secured First Lien Notes due 2019,
9.00% Senior Secured First Lien Notes due 2019 and 8.875% Senior
Secured Second Lien Notes due 2019 pending completion of the
Exchange Offer and the Europe Credit Facility Refinancing.
Non-payment of this interest would become an event of default under
the indentures governing the Secured Notes only if the payment is
not made within 30 days.  The total amount of interest due Sept.
15, 2016, is approximately $77 million.  This includes
approximately $10 million of interest accrued on Second Lien Notes
that have been tendered in the Exchange Offer, and which will be
cancelled upon completion of the Exchange Offer.

The Company is continuing to pay employees, suppliers and trade
creditors and to fund current operations on an ongoing basis.

The Company has approximately $2,533.0 million of outstanding
indebtedness, including $210.0 million aggregate principal amount
of 6.125% Notes, $1,125.0 million aggregate principal amount of
9.00% Notes and $450.0 million aggregate principal amount of Second
Lien Notes.

Under the indentures governing each series of Secured Notes, the
Company has a 30-day grace period after the interest payment date
before an event of default would occur on Oct. 15, 2016.  The
occurrence of an event of default under the indentures would give
the trustee or the holders of at least 30% of principal amount of
each series of Secured Notes the option to declare all of the
Secured Notes of such series due and payable immediately upon such
event of default.  Additionally, failure to make the interest
payments on the Secured Notes when due at the end of such grace
period would constitute an event of default under certain of the
Company's other outstanding indebtedness.

                        Exchange Offer

As previously announced, on Aug. 12, 2016, the Company commenced a
private offer to exchange, upon the terms and conditions set forth
in a confidential offer to exchange statement dated Aug. 12, 2016,
and a related letter of transmittal, any and all $450.0 million
aggregate principal amount of Second Lien Notes, $320.0 million
aggregate principal amount of its 7.750% Senior Notes due 2020, and
approximately $26.5 million aggregate principal amount of its
10.500% Senior Subordinated Notes due 2017 not held by Claires
Inc., the Company's parent held by eligible holders, for up to
$40.0 million of new Senior Secured Term Loans maturing 2021 of the
Company, up to $130.0 million of new Senior Secured Term Loans
maturing 2021 of CLSIP LLC, which is a newly formed unrestricted
subsidiary of the Company and up to $60.0 million of new Senior
Term Loans maturing 2021 of Claire's (Gibraltar) Holdings Limited,
the holding company of the Company's European operations.

To the extent the Exchange Offer is not fully subscribed, certain
funds managed by affiliates of Apollo Global Management, LLC and
Claire's Inc., have agreed to effect a similar exchange of up to
approximately $183.6 million aggregate principal amount of Claire's
Stores' 10.500% PIK Senior Subordinated Notes due 2017 held by the
Apollo Funds and up to approximately $58.7 million aggregate
principal amount of Subordinated Notes held by Claire's Inc., which
exchange will count towards satisfaction of the Exchange Offer's
$400 million Minimum Tender Condition.

On Aug. 29, 2016, the Company announced amended terms of the
Exchange Offer as set forth in a confidential amended and restated
offer to exchange statement dated Aug. 29, 2016, and a related
letter of transmittal.  The Company also announced that holders of
approximately $300 million aggregate principal amount of Notes had
committed to participate in the Exchange Offer.

The Exchange Offer is currently scheduled to expire at one minute
after 11:59 p.m. New York City time on Sept. 15, 2016 (unless
extended by the Company).  Subject to the satisfaction or waiver of
the conditions precedent, the closing of the transactions
contemplated by the Exchange Offer is expected to occur promptly
after the expiration.

As of Sept. 15, 2016, approximately $333.0 million aggregate
principal amount of Notes had been tendered, including
approximately $228.9 million aggregate principal amount of Second
Lien Notes, approximately $103.3 million aggregate principal amount
of Unsecured Notes and approximately $0.8 million aggregate
principal amount of Subordinated Notes.  Based on such tenders and
the Affiliated Holder Exchange, approximately $575 million of the
Company’s outstanding debt will be exchanged for approximately
$179 million of new Term Loans.  The Company estimates annual cash
interest savings of approximately $24 million as a result of the
consummation of the Exchange Offer.

                Europe Credit Facility Refinancing

Claire's Gibraltar and certain subsidiaries are party to an
unsecured multi-currency revolving credit facility in the amount of
$50.0 million that matures Aug. 20, 2017.  Consent of the lender
under the Europe Credit Facility is required for the consummation
of the Exchange Offer, and in addition, consent of the lender is
required to allow Claire's Gibraltar to distribute cash to the
Company in an amount required to enable the Company to fund its
near term debt service and other obligations, including the
interest payment on the Secured Notes due Sept. 15, 2016.  As of
Sept. 15, 2016, the lender has declined to provide those consents.

The Exchange Offer is conditioned on (i) the lender agreeing to an
amendment satisfactory to Claire's Gibraltar providing the
foregoing consents, or (ii) the refinancing of the Europe Credit
Facility with new debt arrangements satisfactory to the Company and
Claire's Gibraltar that allow the Exchange Offer and distributions
of cash from Claire's Gibraltar in amounts sufficient for Claire's
Stores to fund its near term debt service and other obligations.
This condition to the Exchange Offer cannot be waived by the
Company.

The Company continues discussions with the lender with respect to a
refinancing of the Europe Credit Facility that will include the
required consents, and has also has entered into discussions with
several potential lenders in an effort to refinance the Europe
Credit Facility.  In connection with these discussions, the Company
has made available certain financial information regarding Claire's
Gibraltar to enable potential lenders to evaluate their ability to
lend to Claire's Gibraltar.

                     About Claire's Stores

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

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

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

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

                           *     *     *

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

As reported by the TCR on Aug. 22, 2016, S&P Global Ratings
lowered its corporate credit rating on Florida-based Claire's
Stores Inc. to 'CC' from 'CCC-' and placed it on CreditWatch with
negative implications.


CLAIRE'S STORES: Needs More Time to File Quarterly Report
---------------------------------------------------------
Claire's Stores, Inc. filed a Form 12b-25 with the Securities and
Exchange Commission notifying the delay in the filing of its
quarterly report on Form 10-Q for the period ended July 30, 2016.

As previously disclosed, on Aug. 12, 2016, Claire's Stores and
certain of its affiliates commenced an offer to exchange several
series of its outstanding notes for new term loans of the Company
and certain of its subsidiaries.

The Exchange Offer has not yet been completed.  In light of the
expected impact of the Exchange Offer on the Company's liquidity
and capital resources, as well as other aspects of its business and
operations, the Company was unable to finalize certain sections to
be included in the quarterly report on Form 10-Q for the fiscal
period ended July 30, 2016, including the Management's Discussion
and Analysis of Financial Condition and Results of Operations and
Risk Factors, within the prescribed time period without
unreasonable effort or expense.  The Company expects to file a
quarterly report on Form 10-Q containing the required financial
statements as soon as practicable within the extension period.

                    About Claire's Stores

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

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

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

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

                           *     *     *

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

As reported by the TCR on Aug. 22, 2016, S&P Global Ratings
lowered its corporate credit rating on Florida-based Claire's
Stores Inc. to 'CC' from 'CCC-' and placed it on CreditWatch with
negative implications.


CLAIRE'S STORES: Reports Fiscal 2016 2nd Quarter Results
--------------------------------------------------------
Claire's Stores, Inc. reported a net loss of $32.07 million on $317
million of net sales for the three months ended July 30, 2016,
compared to a net loss of $18.9 million on $348 million of net
sales for the three months ended Aug. 1, 2015.

The Company said the decrease in net sales was attributable to a
decrease in same store sales, the effect of store closures, an
unfavorable foreign currency translation effect of our non-U.S. net
sales and decreased shipments to franchisees, partially offset by
an increase in new concession store sales and new store sales.  Net
sales would have decreased 7.3% excluding the impact of foreign
currency exchange rate changes.

For the six months ended July 30, 2016, the Company reported a net
loss of $70.8 million on $617 million of net sales compared to a
net loss of $54.3 million on $668 million of net sales for the six
months ended Aug. 1, 2015.

As of July 30, 2016, Claire's Stores had $2.25 billion in total
assets, $2.90 billion in total liabilities and a stockholders'
deficit of $647 million.

North America net sales were $194.8 million for the fiscal 2016
second quarter, a decrease of $15.8 million, or 7.5% compared to
the fiscal 2015 second quarter.  The decrease was attributable to
the effect of store closures, a decrease in same store sales,
decreased shipments to franchisees and an unfavorable foreign
currency translation effect of the Company's non-U.S. net sales,
partially offset by an increase in new concession store sales and
new store sales.  Sales would have decreased 7.2% excluding the
impact from foreign currency exchange rate changes.

Europe net sales were $122.4 million for the fiscal 2016 second
quarter, a decrease of $14.6 million, or 10.7% compared to the
fiscal 2015 second quarter.  The decrease was attributable to a
decrease in same stores sales, an unfavorable foreign currency
translation effect of the Company's non-U.S. net sales and, the
effect of store closures, partially offset by an increase in new
concession store sales and new store sales.  Sales would have
decreased 7.4% excluding the impact from foreign currency exchange
rate changes.

Consolidated same store sales decreased 5.7%, with North America
same store sales decreasing 4.4% and Europe same store sales
decreasing 7.8%.  The Company computes same store sales on a local
currency basis, which eliminates any impact from changes in foreign
currency exchange rates.  From the end of the second fiscal quarter
through Sept. 14, 2016, quarter-to-date same store sales
percentages for consolidated, North America, and Europe were all
approximately flat.

Consolidated gross profit percentage decreased 230 basis points to
46.2% during the fiscal 2016 second quarter versus 48.5% for the
prior year quarter.  This decrease in gross profit percentage
consisted of a 160 basis point decrease in merchandise margin and
an 80 basis point increase in occupancy costs, partially offset by
a 10 basis point decrease in buying and buying-related costs.  The
decrease in merchandise margin percentage resulted primarily from
higher markdowns and sales mix.  The increase in occupancy costs,
as a percentage of net sales, resulted primarily from the
deleveraging effect of a decrease in same store sales.

North America gross profit percentage decreased 240 basis points to
46.1% during the fiscal 2016 second quarter versus 48.5% for the
prior year quarter.  The decrease in gross profit percentage
consisted of a decrease in merchandise margin of 130 basis points,
a 90 basis point increase in occupancy costs and a 20 basis point
increase in buying and buying-related costs.  The decrease in
merchandise margin resulted primarily from higher markdowns and
increased shrink.  The increase in occupancy costs, as a percentage
of sales, resulted primarily from the deleveraging effect from a
decrease in same store sales.

Europe gross profit percentage decreased 220 basis points to 46.3%
during the fiscal 2016 second quarter versus 48.5% for the prior
year quarter.  The decrease in gross profit percentage consisted of
a 200 basis point decrease in merchandise margin and a 70 basis
point increase in occupancy costs, partially offset by a 50 basis
point decrease in buying and buying-related costs.  The decrease in
merchandise margin resulted primarily from sales mix and
unfavorable foreign exchange rates.  The increase in occupancy
costs, as a percentage of sales, resulted primarily from the
deleveraging effect from a decrease in same store sales.

Selling, general and administrative expenses decreased $4.0
million, or 3.4%, compared to the fiscal 2015 second quarter.  As a
percentage of net sales, selling, general and administrative
expenses increased 190 basis points.  Selling, general, and
administrative expenses would have decreased $2.2 million excluding
a favorable $1.8 million foreign currency translation effect.
Besides the foreign currency translation effect, the remainder of
the decrease was primarily due to lower compensation and related
expenses, partially offset by increased concession store commission
expense.

Adjusted EBITDA in the fiscal 2016 second quarter was $37.3 million
compared to $59.9 million last year.  Adjusted EBITDA would have
been $39.1 million excluding both foreign currency translation
effect and the unfavorable foreign exchange effect on merchandise
margin in the second quarter of 2016.  The Company defines Adjusted
EBITDA as earnings before income taxes, net interest expense,
depreciation and amortization, loss (gain) on early debt
extinguishments, and asset impairments.  Adjusted EBITDA excludes
management fees, severance, the impact of transaction-related costs
and certain other items.

As of July 30, 2016, cash and cash equivalents were $75.3 million.
The Company was fully drawn on its credit facilities as of July 30,
2016.  The fiscal 2016 second quarter cash balance increase of
$26.4 million consisted of positive impacts of $37.3 million of
Adjusted EBITDA, $13.7 million from seasonal working capital
sources and $3.8 million from net borrowings under the credit
facilities, offset by reductions for $19.4 million of cash interest
payments, $4.3 million of capital expenditures and $4.7 million for
tax payments and other items.

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

                     https://is.gd/UBrPSN

                     About Claire's Stores

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

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

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

                           *     *     *

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

As reported by the TCR on Aug. 22, 2016, S&P Global Ratings lowered
its corporate credit rating on Florida-based Claire's Stores Inc.
to 'CC' from 'CCC-' and placed it on CreditWatch with negative
implications.


CLAIRE'S STORES: Supplements Credit Agreement Amendment
-------------------------------------------------------
As previously disclosed, on Aug. 12, 2016, Claire's Stores, Inc.,
entered into Amendment No. 3 to the Amended and Restated Credit
Agreement, dated as of Sept. 20, 2012, among the Company, Credit
Suisse AG, Cayman Islands Branch, as Administrative Agent, and
certain other lenders.

On Sept. 9, 2016, Claire's Stores and the Lenders entered into
Supplement No. 1 to the Third Amendment to permit the addition of a
cash contribution by Claire's, Inc., the corporate parent of
Claire's Stores, to Claire's Stores of up to $11.5 million to
EBITDA for purposes of calculating compliance with the financial
performance covenant.

                      About Claire's Stores

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

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

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

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

                           *     *     *

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

As reported by the TCR on Aug. 22, 2016, S&P Global Ratings
lowered its corporate credit rating on Florida-based Claire's
Stores Inc. to 'CC' from 'CCC-' and placed it on CreditWatch with
negative implications.


COBALT INTERNATIONAL: To Terminate Rowan Drilling Contract Early
----------------------------------------------------------------
Cobalt International Energy, Inc. announced that it has entered
into an amendment to its drilling contract with Rowan (UK) Reliance
Limited, an affiliate of Rowan Companies plc, which provides for
the early termination of Cobalt's long term drilling contract for
the Rowan Reliance drillship.  The drilling contract was originally
scheduled to terminate on Feb. 1, 2018, and the Amendment provides
for a contract termination date of March 31, 2017.  Additionally,
per the Amendment, Cobalt will save 45% of the contract value
between the original termination date and the new termination date,
or approximately $80 million, and will pay to Rowan the remainder
of approximately $98 million.  Cobalt also commits to use Rowan as
its exclusive provider of drilling services for five years at
market rates as determined by normal indices.

Timothy J. Cutt, Cobalt's chief executive officer, said, "We are
very glad to reach an agreement with Rowan that helps our balance
sheet in the near term and secures a strong relationship with Rowan
for the long term."

                           About Cobalt

Cobalt International Energy, Inc. is an independent exploration and
production company with operations currently focused in the
deepwater U.S. Gulf of Mexico.  In January 2016, the Company
achieved initial production of oil and gas from the Heidelberg
field.  The Company's exploration efforts in the U.S. Gulf of
Mexico have resulted in four oil and gas discoveries including the
North Platte, Shenandoah, Anchor, and Heidelberg fields, each of
which are in various stages of appraisal and development.  The
Company also has a non-operated interest in the Diaba Block
offshore Gabon.

As of June 30, 2016, Cobalt had $3.84 billion in total assets,
$2.64 billion in total liabilities and $1.19 billion in total
stockholders' equity.

The Company reported a net loss of $694.42 million in 2015, a net
loss of $510.76 million in 2014 and a net loss of $589.02 million
in 2013.


COLOR LANDSCAPES: Has Until Nov. 8 to Use BB&T Cash
---------------------------------------------------
Judge Lena Mansori James of the U.S. Bankruptcy Court for the
Middle District of North Carolina authorized Color Landscapes by
Michael Dickey, Inc. to use Branch Banking and Trust Company's cash
collateral until Nov. 8, 2016.

Judge James directed the Debtor to make monthly adequate protection
payments to Branch Banking in the amount of $1,965.

The Debtor was authorized to use cash collateral for the actual and
necessary expenses of operating its business.

Judge James directed the Debtor to submit to Branch Banking and to
the Bankruptcy Administrator monthly reports of operations and cash
flow for the activities during the calendar month.

Branch Banking was granted a post-petition replacement lien in
Debtor’s post-petition property of the same type which secured
the indebtedness of Branch Banking pre-petition, to the extent the
Debtor uses the Cash Collateral of Branch Banking.

A full-text copy of the Fourth Interim Order, dated September 6,
2016, is available at https://is.gd/Fa7DT3


                     About Color Landscapes

Color Landscapes by Michael Dickey, Inc. sought protection under
Chapter 11 of the Bankruptcy Code (Bankr. M.D.N.C. Case No.
16-10435) on May 2, 2016.  

The Debtor is represented by Dirk W. Siegmund, Esq., at Ivey,
McClellan, Gatton & Stegmund, LLP. The case is assigned to Judge
Lena M. James.

The Debtor disclosed total assets of $1.09 million and total debts
of $1.49 million.

William Miller, U. S. bankruptcy administrator, filed with the U.S.
Bankruptcy Court for the Middle District of North Carolina a
statement of inability to form an official committee of unsecured
creditors in the Chapter 11 case of Color Landscapes by Michael
Dickey, Inc., on May 14, 2016.


COLOURS INC: Unsecureds To Be Paid in Full With Interest at 6.25%
-----------------------------------------------------------------
Colours, Inc., filed with the U.S. Bankruptcy Court for the
Northern District of Alabama a disclosure statement describing the
Debtor's plan of reorganization.

There were unsecured claims filed or scheduled as undisputed or
scheduled as disputed but who flied claims and will be paid as:

     (1) Class IV - Alta Financial, LLC, fka The Business Backer,  
  
         filed Proof of Claim number 5-1 in the amount of
         $17,824.36.  The Debtor proposes to pay this claim in
         full with interest at 6.25% per annum interest in 96
         monthly installments of $236.41;

     (2) Class V - Colonial Funding Network, Inc., as servicing
         provider for Core Business Finance filed Proof of Claim
         number 1-1 in the amount of $96,563.72.  The Debtor
         proposes to pay this Claim in full with interest at 6.25%

         per annum in 96 monthly installments of $1,280.77;

     (3) Class VI - Smart Business Funding did not file a proof of

         claim.  The Debtor listed the Smart Business Funding
         Claim at $47,000.  The Debtor proposes to pay this claim
         in full with interest at 6.25% per annum in 96 monthly
         installments of $623.38;

     (4) Class VII - The Exchange Bank of Gadsden, Alabama filed
         Proof of Claim number 4-1 in the amount of $1,725.82.
         Because of the small amount of this claim, the Debtor
         proposes to pay this claim in full with interest at 6.25%

         in 12 monthly installments of $148.73; and

     (5) Class VIII - Other Unsecured Creditors.  The Debtor
         believes there are no claims that are within this class
         of creditors.  If any claims or creditors arise, the
         Debtor proposed to pay the claims in this class in full
         with interest at 6.25% per annum in 96 monthly
         installments.

The Disclosure Statement is available at:

           http://bankrupt.com/misc/alnb16-40132-48.pdf

Colours, Inc., is a paint, flooring and related materials sales
business located at 110 East Meighan Boulevard, Gadsden, Alabama.
The Debtor was incorporated in 1999 by Herman Helms and Susan
Helms.  Herman Helms and Susan Helms currently hold all of the
outstanding shares of stock in the Debtor.  The business of the
Debtor is managed by Herman Helms.  Susan Helms does not work in
the Debtor's business except on an occasional, infrequent and part
time basis.  While the Debtor maintains sales of paint, flooring
and related products to the consumer general public, the majority
of its business is with building and paint contractors, industrial
clients and governmental agencies.  The Debtor rents its business
location from the H.M. Freeman Estate.

The Debtor filed for Chapter 11 bankruptcy protection (Bankr. N.D.
Ala. Case No. 16-40132) on Jan. 28, 2016.  Robert D. McWhorter, Jr,
Esq., at Inzer, Haney, McWhorter & Haney, LLC, serves as the
Debtor's bankruptcy counsel.


CONSTELLIS HOLDINGS: Moody's Affirms B3 CFR, Outlook Stable
-----------------------------------------------------------
Moody's Investors Service has affirmed ratings of Constellis
Holdings, LLC, including the B3 Corporate Family Rating, and
concurrently revised the rating outlook to stable from negative.
With the management-led buyout and ownership change that has
closed, a B3 Corporate Family Rating has been assigned to
Constellis Holdings, LLC (New).

Assignments:

Issuer: Constellis Holdings, LLC (New)
  Probability of Default Rating, Assigned B3-PD
  Corporate Family Rating, Assigned B3

Outlook Actions:

Issuer: Constellis Holdings, LLC
  Outlook, Changed To Stable From Negative

Affirmations:

Issuer: Constellis Holdings, LLC
  Probability of Default Rating, Affirmed B3-PD
  Corporate Family Rating, Affirmed B3
  Senior Secured Regular Bond/Debenture, Affirmed B3 (LGD3)

                         RATINGS RATIONALE

The change in rating outlook to stable from negative considers
progress on working capital and fixed operating cost reductions
over the first half of 2016.  Progress on these initiatives enabled
Constellis to repay some its revolver borrowings, enhancing
liquidity.  At June 30, total liquidity of around $90 million had
risen from around the $40 million level in January.

Greater liquidity has lessened the risk of a rating downgrade and
adds cushion to meet investment requirements of new contracts or
unexpected operational shortfalls.

Moody's affirmed the B3 CFR despite an increase in financial
leverage that accompanied Constellis' buyout, wherein majority
ownership was sold to Apollo Global Management.  Pro forma for the
transaction, debt to EBITDA is in the mid-5x range with EBITDA to
interest of just below 2x.  The associated $100 million note
issuance (at a parent holding company of Constellis) is credit
negative, but consolidated leverage remains within expectations for
the B3 CFR.  Because Constellis has the option to pay interest on
the new debt in-kind, the near-term effect on liquidity is
manageable.  Constellis maintained its debt instruments and an
outstanding bondholder consent solicitation to permit the change of
control was undertaken.  Constellis indicated that nearly all of
the bondholders agreed to the consent solicitation terms.

The B3 CFR reflects Constellis' well-established position within
the protective services niche of the defense sector where strong
profit margin potential exists.  Constellis' historical emphasis on
governance and contract execution standards have enabled good
re-compete win rates.  The rating also factors in a high degree of
contract concentration, declining organic revenues of late from the
effect of low oil prices on commercial end market work, and
historically modest free cash flow generation.

Competitive intensity between defense services contractors will
likely remain high and limit pricing power, yet the need for
diplomatic security services will also remain high with global
instability.

Upward rating movement would depend on achievement of funds from
operation to debt above 10% and debt/EBITDA below 5x, with
sustained low revolver utilization.  Stabilization of the revenue
base with better commercial business segment performance, and an
overall EBITDA margin (before restructuring and other expense add
backs) in excess of 12% is also necessary for an upgrade.

Downward rating pressure would mount with tightening liquidity or
negative contract developments.  A leveraging acquisition or
shareholder distribution could lead to a downgrade particularly
before the company further progresses its business optimization
initiatives.

Constellis is a global provider of training and security services
focused on counter terrorism, force protection, law enforcement and
security operations.  From 2011 to October 2014 the company's name
was Academi Holdings, LLC.  Before its 2010 ownership change, the
company's main subsidiary was Xe Services, which was formally known
as Blackwater Worldwide.  Since then there have been three
significant acquisitions. Revenues over the twelve months ended
June 30, 2016, were $985 million.  The company is majority-owned by
entities of Apollo Global Management LLC, with Forte Capital
Advisors, LLC and Manhattan Strategic Ventures, LLC holding
minority positions.

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


CORTES NP: S&P Assigns 'B+' CCR; Outlook Stable
-----------------------------------------------
S&P Global Ratings said that it assigned its 'B+' corporate credit
rating to Columbus, Ohio-based Cortes NP Acquisition Corp. (d/b/a
Vertiv).  The outlook is stable.

S&P also assigned its 'B+' issue-level rating and '3' recovery
rating to the company's proposed $2.285 billion first-lien term
loan maturing in 2023, indicating S&P's expectation for meaningful
recovery (upper half of the 50%-70% range) in the event of a
payment default.

The company will use the proceeds along with anticipated additional
debt and equity funding to purchase an 85% equity stake in the
company from Emerson Electric Co., which will be owned by Platinum
Equity, and to pay fees and expenses. Emerson Electric will retain
the remaining 15% minority interest in the business.

The 'B+' corporate credit rating reflects the company's high pro
forma leverage, which is somewhat offset by its good market
position, moderate scale, and well-established customer base.  S&P
expects adjusted total debt to EBITDA of about 5.6x pro forma for
the transaction and for this metric to exceed 5.0x through
fiscal-year 2017 (ending Sept. 30).  Operating performance in
fiscal 2015 was challenged by reduced telecom spending in China,
wage inflation, and translational foreign-exchange effects.  S&P
expects year-over-year revenue decline of about 3% in fiscal 2016
coupled with some profitability improvement.  In fiscal 2017, S&P
expects adjusted EBITDA margin will continue to improve modestly to
the mid-teens in light of modest growth and operational
initiatives.

With sales of nearly $4.5 billion in 2015, Cortes NP Acquisition
Corp. (d/b/a Vertiv) primarily manufactures power and thermal
management equipment and provides services for data and
communication centers, and also makes products and software for
commercial/industrial use.

S&P's assessment of Cortes' business benefits from this scale,
long-standing customer relationships that average about 20 years
among its top 10 customers, and low customer concentration (top 10
customers account for about 15% of total sales).  However, Cortes
competes with large, well-capitalized companies including Eaton and
Schneider, and S&P believes the market is relatively competitive.
Additionally, S&P believes its ability to execute on operational
initiatives as a stand-alone company comes with inherent execution
risks.  Further, its heavy concentration in the data and
communication center end markets (61% and 21% of revenue,
respectively) exposes the company to cyclical fluctuations and
potential shifts in customer demand.  Still, the near-term
fundamentals for the data center business support some growth.

S&P's base-case forecast assumes:

   -- Low single-digit revenue growth in fiscal 2017, as S&P
      estimates average GDP growth of about 2.5% for the regions
      in which Cortes generates revenue (North America, Europe,
      Asia Pacific, and Latin America).

   -- Adjusted EBITDA margin expected to be about 13% at fiscal
      2016 year-end and to improve to 14%-15%, benefitting from
      planned operational initiative.

   -- Capital spending at about $50 million.

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

   -- Pro-forma debt to EBITDA of about 5.6x for fiscal 2016,
      improving toward 5x by fiscal year-end 2017.

   -- Decent free operating cash flow (FOCF) of about $100 million

      over the next year.

S&P notes the majority ownership by financial sponsor Platinum
Equity and expect the company will pursue modest acquisition
activity in the future.  S&P's ratings incorporate the potential
for re-leveraging events over time.

S&P expects Cortes to maintain adequate liquidity over the next 12
months.  S&P estimates that the company's sources of liquidity will
be at least 1.2x its uses, and that its net sources will remain
positive even if its forecast EBITDA declines 15%.  The qualitative
factors related to Cortes' liquidity support S&P's adequate
assessment.  For example, high anticipated leverage and low initial
cash and FOCF would likely require some refinancing for the company
to absorb a low-probability, high-impact event, and the planned
covenant-lite, secured term loan is indicative of satisfactory
standing in credit markets.

Principal Liquidity Sources:

   -- Ample availability under an anticipated revolver.
   -- More than $150 million in annual funds from operations.

Principal Liquidity Uses:

   -- Capital expenditures of about $50 million.
   -- Modest working capital outflows.
   -- Modest debt amortization.

S&P's stable outlook reflects the expectation that modest growth
and operational initiatives will result in improvement in EBITDA
margins and pro forma fiscal 2017 debt-to-EBITDA improving toward
5x.

S&P could lower the rating if credit measures deteriorate, such as
sustained adjusted debt-to-EBITDA to 6x or more.  This could occur
if, for instance, the company fails to achieve positive revenue
growth and margins deteriorate by 200 bps.  Margin deterioration
could occur if the company fails to achieve planned savings through
operational initiatives, and this could also lead S&P to negatively
reassess the company's business risk.

Although unlikely in the next 12 months, S&P could raise the rating
if Cortes improves its credit measures such that leverage decreases
to less than 5x and S&P expects credit measures to be maintained at
this level.  This would require strong evidence that the sponsor
will pursue a less aggressive financial policy.


CRAIG'S GUNS: Exclusive Plan Filing Period Extended to Nov. 16
--------------------------------------------------------------
Judge Clifton R. Jessup, Jr. of the U.S. Bankruptcy Court for the
Northern District of Alabama extended Craig's Guns & Tactical,
Inc.'s exclusive period to file a Plan of Reorganization and
Disclosure Statement to November 16, 2016.

Absent an extension, the Debtor's exclusive period was scheduled to
expire on September 15, 2016.

              About Craig's Guns & Tactical, Inc.

Craig's Guns & Tactical, Inc. filed a chapter 11 petition (Bankr.
N.D. Ala. Case No. 16-81045) on April 7, 2016.  The petition was
signed by Craig A. Brown, president.  The Debtor is represented by
Stuart M. Maples, Esq., at Maples Law Firm, PC.  The Debtor
estimated total assets at $50,001 to $100,000 and total liabilities
at $100,001 to $500,000 at the time of the filing.



CREATIVE FOODS: Can Use Cash Collateral Through Sept. 23
--------------------------------------------------------
Judge Jack B. Schmetterer of the U.S. Bankruptcy Court for the
Northern District of Illinois authorized Creative Foods, LLC to use
cash collateral through Sept. 23, 2016.

The Debtor was authorized to use cash collateral to pay the
ordinary and necessary espenses relating to the operation of its
restaurant business located at 1 Wlaker Avenue, Clarendon Hills,
Illinois, in accordance with the approved Budget.

Judge Schmetterer directed the Debtor to pay Ridgestone Bank $2,775
on or before September 15, 2016.

A status hearing on the Debtor's continued use of cash collateral
is scheduled on Sept. 22, 2016 at 10:30 a.m.

A full-text copy of the Third Interim Order, dated September 6,
2016, is available at https://is.gd/j1kFJn


                  About Creative Foods, LLC

Creative Foods, LLC filed a chapter 11 petition (Bankr. N.D. Ill.
Case No. 16-19927) on June 17, 2016.  The petition was signed by
Anthony Swigon, general manager - member.  The Debtor is
represented by David P. Lloyd, Esq., at David P. Lloyd, Ltd.  The
case is assigned to Judge Jack B. Schmetterer.  The Debtor
estimated assets at $0 to $50,000 and liabilities of $1 million to
$10 million at the time of the filing.


CV SETTLEMENT: Selling Orange Beach Lots to Truland Homes
---------------------------------------------------------
CV Settlement Holdings, LLC, asks the U.S. Bankruptcy Court for the
Southern District of Alabama to authorize the sale of lots 31, 32,
34, 22, 23, 25, 27, 29, 10, 11, 17, 18, 20 and 2 of Cypress Village
Subdivision; and units 1, 19, 20, 58, 52, 53, 56, 61, 63, 65, 2, 4,
5, 7, 13, 14, 16, 17, 22, 23, and 48 of Cypress Village Subdivision
in Orange Beach Alabama to Truland Homes, LLC.

A copy of the Agreement for the Purchase and Sale of Real Property,
along with the list of lots to be sold with their proposed purchase
prices, attached to the Motion is available for free at:

     http://bankrupt.com/misc/CV_Settlement_301_Sales.pdf

To the best of the Debtor's knowledge, information, and belief, the
following parties claim a lien, mortgage, encumbrance, or other
interest:

   a. Beatus Investment, LLC jointly holds a first mortgage on said
property in the approximate amount of $954,213;

   b. Burns, Cunningham & Mackey jointly holds a first mortgage on
said property in the approximate amount of $1,942,223; and

   c. Teddy J. Faust, Baldwin County Revenue Commissioner, hold a
lien to secure payment of property taxes for the subject property.

   d. Portside Realty, LLC claims to have a lien on said property
in an unknown. Debtor disputes the validity of the lien.

The Debtor alleges that it is entitled to sell the property free
and clear of the listed lienholders, with the liens to attach to
the proceeds of the sale pursuant to Sections 363(b) and 363(f)(4)
and 363(f)(5) of the Bankruptcy Code.

The Debtor believes that the sale of the property is in the best
interest of the estate, in that, the transaction will further
reduce the debt owed to the first mortgage holder which will
benefit the Debtor and the other potential lienholders should their
claimed liens hereafter be determined to be valid encumbrances, and
will benefit the other creditors of the estate, by reducing the
secured claims which must be paid prior to distributions to junior
classes of creditors.

The property does not include "personally identifiable information"
nor is the transaction subject to the Clayton Act.

The Debtors propose to pay the closing costs and property taxes at
closing and will reserve from the closing proceeds the fees due
pursuant to 28 U.S.C. Section 1930 (the Bankruptcy Administrator
BA-2 quarterly fees) and a reserve for earned and approved but not
paid attorneys' fees for Debtor's counsel, with the balance to be
paid to the first lienholder at closing.  However, in the event the
Debtor has an objection to the amount of the payoff statement
received from any party asserting a right to payment or objects to
the lienholders or interest holders claims, then the Debtor may
escrow the amount stated in the payoff statement of the holder to
whom the objection is made and proceed with closing. The escrowed
funds will be disbursed only pursuant to an Order of the Court.

The Purchaser:

          TRULAND HOMES, LLC
          29891 Wppdrow Lane, Suite 100
          Spanish Fort, AL 36527
          Facsimile: (251) 650-1643
          E-mail: ncox@battleplancapital.com

The Purchaser is represented by:

          Richard E. Davis, Esq.
          DAVIS & FIELDS, P.C.
          Post Office Box 2925
          Daphne, AL 36526
          Facsimile: (251) 621-1520
          E-mail: rdavis@davis-field.com

Counsel for the Debtor:

          Marion E. Wynne, Jr., Esq.
          WILKINS, BANKESTER, BILES & WYNNE, P.A.
          P.O. Box 1367
          Fairhope, AL 36533
          Telephone: (251) 928-1915
          E-mail: twynne@wbbwlaw.com

                   About CV Settlement Holdings

CV Settlement Holdings, LLC, sought Chapter 11 protection (Bankr.
S.D. Ala. Case No. 14-03731) on Nov. 13, 2014.  Judge William S.
Shulman is assigned to the case.

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

The Debtor tapped Marion E. Wynne, Jr., Esq., at the Wilkins,
Bankester, Biles & Wynne, PA, as counsel.

The petition was signed by J. Marion Uter, member.


CWGS ENTERPRISES: S&P Affirms 'B+' Corporate Credit Rating
----------------------------------------------------------
S&P Global Ratings said it affirmed its 'B+' corporate credit
rating on Lincolnshire, Ill.-based RV dealer and membership
services company CWGS Enterprises LLC.

"At the same time, we affirmed our 'BB' issue-level rating, with a
recovery rating of '1', on CWGS's proposed upsized aggregate senior
secured credit facility (consisting of a $20 million revolving
facility due 2018 and an upsized term loan due 2020 that will have
$820 million outstanding, including the $110 million add-on).  The
'1' recovery rating indicates our expectation for very high (90% to
100%) recovery for lenders in the event of a payment default
despite incremental debt.  The recovery rating remains '1' despite
the incremental debt because of a modest upward reassessment of our
emergence enterprise value on CWGS, due primarily to additional RV
dealership acquisitions and an increase in the level of fixed
charges that would trigger a default.  We expect the company to use
proceeds from the term loan add-on to fund a $75 million
distribution to owners and to acquire RV dealerships, including
associated real estate," S&P said.

"The affirmation reflects that the proposed incremental leverage
the company would assume upon close of the transaction does not
meaningfully increase CWGS's financial risk, and the anticipated
leverage increase to the high-3x area in 2016 from the transaction
remains comfortably below our 5x debt to EBITDA and 2x EBITDA
interest coverage downgrade thresholds," said S&P Global Ratings
credit analyst Daniel Pianki.

The stable outlook reflects S&P's expectation for good operating
performance and adequate liquidity through 2017.  Although S&P
expects adjusted debt to EBITDA at CWGS to occasionally spike to
the 4x area for acquisitions and distributions to shareholders,
this represents a very good cushion compared with S&P's 5x adjusted
debt to EBITDA downgrade thresholds incorporating high EBITDA
volatility over the economic cycle.



CYU LITHOGRAPHICS: Voluntary Chapter 11 Case Summary
----------------------------------------------------
Debtor: CYU Lithographics
        6951 Oran Circle
        Buena Park, CA 90621

Case No.: :16-13915

Chapter 11 Petition Date: September 16, 2016

Court: United States Bankruptcy Court
       Central District of California (Santa Ana)

Judge: Hon. Theodor Albert

Debtor's Counsel: John H Bauer, Esq.
                  FINANCIAL RELIEF LEGAL ADVOCATES INC.
                  1047 North Antonio Circle
                  Orange, CA 92869
                  Tel: 714-319-3446
                  Fax: 714-202-5862
                  E-mail: johnbhud@aol.com

Estimated Assets: $100,000 to $500,000

Estimated Liabilities: $1 million to $10 million

The petition was signed by Michael C. Wang, president.

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


D.J. SIMMONS: Sale of 9 Pumpjacks to Bakken for $41K Approved
-------------------------------------------------------------
Joseph G. Rosania, Jr., of the U.S. Bankruptcy Court for the
District of Colorado authorized D.J. Simmons Co. Ltd. Partnership
and D.J. Simmons, Inc., to sell nine pumpjacks to Bakken Salvage,
Inc., for $41,000.  The Purchase and Sale Agreement is approved.

                    About D.J. Simmons Company

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

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

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

DJS Co. LP disclosed $9.94 million in total assets and
$12.9 million in total liabilities.  Kimbeto disclosed $976,190 in
total assets and $9.81 million in total liabilities.

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


DAIRY FARMERS: S&P Rates Proposed $100MM Equity Securities 'BB+'
----------------------------------------------------------------
S&P Global Ratings assigned its 'BB+' rating to Kansas City,
Mo.-based Dairy Farmers of America Inc.'s (DFA's) proposed
$100 million series C cumulative preferred equity securities.  The
preferred stock will rank senior to the members' capital accounts
and the company's common stock, and will be given 50% equity
treatment when calculating financial ratios, given the security's
subordination to other debt instruments, lack of maturity date, and
fixed nature of its dividend.  The company will use proceeds of the
share issuance for general corporate and business purposes.

As the largest U.S.-based dairy cooperative, S&P believes DFA
benefits from solid market positions, continued dairy product
expansion, good operating segment diversity that offsets milk price
volatility, and strong membership retention that allows the
cooperative to cost-effectively manage its commodity supply needs
and affords it flexibility over the amount and timing of its member
payments.  S&P believes the company offers significant distribution
and scale to its member owners that they otherwise could not obtain
without participating in the cooperative.  In S&P's opinion, this
level of support provides DFA with significant discretion over the
amount and timing of its member milk payments, and other forms of
returns to its members, if needed during rare periods of adversity.
This provides DFA with flexibility in managing its cash flow.  S&P
currently projects debt to EBITDA to be slightly closer to 4x in
2016 and 2017 because of higher debt balances used to fund
acquisitions and further plant expansion projects.

RATINGS LIST

Dairy Farmers of America Inc.
Corporate credit rating                   BBB/Stable/A-2

Rating Assigned
Dairy Farmers of America Inc.
Preferred stock
  $100 mil. series C cumulative
   preferred equity securities             BB+


DAKOTA PLAINS: Thomas Pratt Named as Director
---------------------------------------------
The board of directors of Dakota Plains Holdings, Inc., elected
Thomas E. Pratt to serve as an additional member of the Board to
fill an existing vacancy.

Mr. Pratt is a founding member of Applied Business Strategy LLC, a
consulting firm specializing in damage analysis and forensic
accounting, business restructuring, business valuation, and
business strategy services.  Prior to cofounding Applied Business
Strategy LLC, Mr. Pratt was a senior manager at Deloitte & Touche
LLP and served in various roles at Marathon Petroleum Corporation.

There are no arrangements or understandings between Mr. Pratt and
any other person pursuant to which he was selected as a director.
Mr. Pratt does not have any family relationship with any executive
officer or director of the Company or any person nominated or
chosen by the Company to become a director or executive officer.
There is no arrangement or understanding pursuant to which Mr.
Pratt was appointed as a member of the Board.  Furthermore, the
Company is not aware of any transaction requiring disclosure under
Item 404(a) of Regulation S-K.

Mr. Pratt is expected to receive cash compensation of $10,000 per
month plus expenses.

Meanwhile, on Sept. 8, 2016, the Board adopted a Second Amendment
to the Second Amended and Restated Bylaws of the Company, as
previously amended, to authorize any director to call a meeting of
the Board.  The Amendment was effective immediately upon approval.

                       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.


DALLAS PROTON: Cash Use to Pay for Land Survey Approved
-------------------------------------------------------
Judge Stacey Jernigan of the U.S. Bankruptcy Court for the Northern
District of Texas authorized Robert Yaquinto Jr., Chapter 11
Trustee, to use of cash collateral from Dallas Proton Treatment
Center, LLC, et. al.'s estates.

The Chapter 11 Trustee was authorized to use cash collateral to pay
Goodwin Marshall, Inc. the amount of $4,300, plus tax, in exchange
for the preparation of a current land survey of the Dallas
Property.

A full-text copy of the Order, dated September 8, 2016, is
available at https://is.gd/FvtoxH


              About Dallas Proton Treatment Center

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

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

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

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

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


DEAN YOUNG: U.S. Trustee Unable to Appoint Committee
----------------------------------------------------
The Office of the U.S. Trustee disclosed in a court filing that no
official committee of unsecured creditors has been appointed in the
Chapter 11 case of Dean Young Enterprises, LLC.

Dean Young Enterprises, LLC sought protection under Chapter 11 of
the Bankruptcy Code (Bankr. D.S.C. Case No. 16-04214) on August 19,
2016.  The case is assigned to Judge David R. Duncan.  Jane H.
Downey, Esq. at Moore Taylor Law Firm, P.A. serves as bankruptcy
counsel.  The petition was signed by Dean Young, vice president.

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

The Debtor hired Colliers International South Carolina, Inc. as its
real estate agent.


DELIVERY AGENT: Proposes $19M DIP Financing From Hillair
--------------------------------------------------------
Delivery Agent, Inc. and its affiliated Debtors ask the U.S.
Bankruptcy Court for the District of Delaware for authorization to
obtain postpetition financing from Hillair Capital Investments
L.P.

Western Alliance Bank entered into a Business Financing Agreement
with Debtors Delivery Agent, Musctoday and Clean Fun, wherein
Western Alliance Bank lent the Debtors amounts against a borrowing
base fixed against the Debtors' accounts receivable.  The
obligations were secured by a first lien on substantially all of
the Debtors' assets.

Debtor Deliver Agent issued to Hillair an 8% Original Issue
Discount Secured Convertible Debenture due November 1, 2015, in the
principal amount of $9,280,000, which obligation is secured by a
lien on substantially all of the Debtors' assets and subject to a
Subordination Agreement between Western Alliance Bank and Hillair,
whereby Hillair agreed to become the junior lender for purposes of
the loan relationship between Hillair and Western Alliance.

Hillair extended an emergency loan in the amount of $1,425,000, to
allow the Debtors to pay expenses, vendors and also fund payroll,
which the Debtors were at considerable risk of not being able to
pay absent the emergency loan.

In order to facilitate their efforts to execute the sale of their
assets, Hillair agreed to provide the emergency loan, provide
postpetition debtor-in-possession financing, and enter into an
asset purchase agreement with the Debtors.  The Debtors further
tell the Court that they approached other prospective financiers to
determine if financing on the terms offered by Hillair, or better,
are available and that they concluded that no such financing is
available.

The terms of the DIP Financing, among others, are:

   (a) DIP Agent: Hillair Capital Management LLC.

   (b) Borrower: Delivery Agent, Inc.

   (c) Guarantors: MusicToday, LLC, Clean Fun Promotional
Marketing, Inc., and Shop the Shows, LLC.

   (d) DIP Facility: Senior Secured, Super-Priority
Debtor-In-Possession Loan and Security Agreement consisting of a
$5,425,000 term loan that will be funded in a series of draws, plus
advances to pay the Roll-Up Amount of $13,489,000 plus accrued
interest and other fees and amounts owing under the respective loan
documents.

   (e) Maturity Date:  Means the earliest of:

        (i) the DIP Agent's notice of the occurrence of an Event of
Default;

       (ii) entry of an Order converting any of the Chapter 11
cases to a case under Chapter 7 of the Bankruptcy Code or
dismissing any of the Chapter 11 cases;

      (iii) the entry of an Order in any of the Chapter 11 cases
appointing a Chapter 11 Trustee or Examiner;

       (iv) if the Interim Order is modified at the Final Hearing
in a manner unacceptable to the DIP Agent, in its soled
discretion;

        (v) the effective date of a chapter 11 plan in any of the
Chapter 11 cases;

       (vi) the approval by the Court of an Alternative
Transaction;

      (vii) the date of the closing of the Sale; and

     (viii) the first Business Day occurring on or after Dec. 1,
2016.

   (f) Use of Proceeds: The proceeds of the DIP Facility shall be
used by the Debtors to fund general corporate and working capital
requirements during the pendency of the Chapter 11 cases, pay the
remaining balance of not more than $155,565 to Western Alliance
Bank, and to fund the expenses of the Chapter 11 cases,including
professional fees.  Additionally, upon entry of the Final Order,
the proceeds of the DIP Facility shall be used to fund the Roll-Up
Amount.

   (g) Interest Rate:  The outstanding principal amount of the DIP
Facility shall bear interest from the date of disbursement at 12%
per annum.

   (h) Fees: The DIP Facility includes a Closing Fee of $150,000 on
initial commitment to the DIP Facility, earned upon execution of
the DIP Agreement and payable from the proceeds of the first draw
under the DIP Facility.  Additionally, the DIP Agreement provides
for payment of the Lender Group Expenses which include without
limitation, professional fees of the DIP Lender in negotiating,
documenting, administrating and enforcing the DIP Agreement.

   (i) Security: All Obligations under the DIP Facility will
constitute:

       (1) allowed administrative expense claims against the
Debtors with priority in the Chapter 11 cases over any and all
administrative expense claims and unsecured claims, subject to the
Carve-Out, amounts expended under the Budget, and Permitted Liens;
and

       (2) be secured by Liens on all of the Debtors' assets.

   (j) Adequate Protection:  The Pre-Petition Secured Parties are
provided with adequate protection of their interests in the
Pre-Petition Collateral as follows:

       (i) a valid, perfected replacement security interest in and
lien on all of the DIP Collateral, subject only to the DIP Liens,
the Carve-Out and the Permitted Liens;

      (ii) superpriority claims, with priority in payment over any
and all administrative expenses, subject to the Carve-Out and the
Superpriority Claims granted to the DIP Lender.

   (k) Carve-Out: Includes:

       (1) fees required to be paid to the Clerk of the Court and
the U.S. Trustee, including statutory interest;

       (2) reasonable fees and expenses incurred by a trustee, not
to exceed $15,000;

       (3) subject to limitations, Professional Fees as set forth
in the Budget, before the Carve-Out Trigger Date; and

       (4) all Professional Fees incurred on and after the
Carve-Out Trigger Date not to exceed $250,000 in the aggregate.

The Debtor's proposed Budget for the period beginning with the week
ending September 2, 2016 and ending with the week ending  Nov. 25,
2016, provides for total expenses in the amount of $2,412,500.

A full-text copy of the Debtors' Motion, dated Sept. 15, 2016, is
available at https://is.gd/KeZN8w

A full-text copy of the Debtors' proposed Budget, dated Sept. 15,
2016, is available at https://is.gd/f1OErm

                       About Delivery Agent

Headquartered in San Francisco, California, Delivery Agent, Inc.,
turns audiences into revenue generating customers for brands,
device manufacturers, and media companies worldwide.  It offers
ShopTV, a technology that allows audiences to engage with and
transact directly from advertisements and television shows through
Web, mobile, and advanced television applications; a cloud-based
shopping platform, which enables omni-channel commerce for its
clients with simplicity; eCommerce platform for omni-channel
shopping; relevant and personalized product offers to viewers based
on the content they are watching with the help of contextual
database; and advertising solutions.

Delivery Agent, Inc., and affiliates MusicToday, LLC, Clean Fun
Promotional Marketing, Inc., and Shop the Shows, LLC, sought
Chapter 11 protection (Bankr. D. Del. Lead Case No. 16-12051) on
Sept. 15, 2016.

The Debtors hired Pachulski Stang Ziehl & Jones LLP as local
Counsel; Keller & Benvenutti LLP as general counsel; Arch & Beam
Global, LLC as financial advisor; and Epiq Bankruptcy Solutions,
LLC, as claims and noticing agent.

The cases are assigned to Judge Laurie Selber Silverstein.


DELIVERY AGENT: Proposes Hillair-Led Auction on Nov. 4
------------------------------------------------------
Delivery Agent, Inc., and affiliates filed a motion asking the U.S.
Bankruptcy Court for the District of Delaware to authorize the
Asset Purchase Agreement between the Debtors and Hillair Capital
Management LLC ("DIP Agent"), in connection with the sale of
Debtors' right, title and interest in the assets to Hillair for
$18,914,000, plus certain adjustments at the closing, subject to
overbid.

Delivery Agent has developed one of the leading and most advanced
platforms to monetize entertainment content (TV, movies, music, and
sports) through an integrated suite of solutions built to help
increase fan engagement and drive direct revenue generation.  In
business for over a decade, the Company's solutions serve some of
the world's largest media companies and consumer brands.  The
Company is headquartered in San Francisco, CA, with offices in
Denver, CO; Costa Mesa, CA; Crozet, VA; and New York, NY. The
Company engages in three related businesses: (1) e-commerce, (2)
romotional marketing (Clean Fun), and (3) television commerce or
"t-commerce" (ShopTV).

After extensive arm's-length, good-faith negotiations, the Debtors
determined that the Agreement represents the best opportunity for
the Debtors to maximize the value of their assets and serve as a
basis for conducting an auction to seek higher and/or better
offers.

In order provide the Debtors with the liquidity needed to
accomplish a sale of substantially all of their assets under
Section 363 of the Bankruptcy Code, Buyer agreed to provide
debtor-in-possession financing to the Debtors in an amount up to
$5,425,000 ("DIP Financing") pursuant to the terms and conditions
in that certain Senior Secured, Super-Priority Debtor-In-Possession
Loan and Security Agreement ("DIP Agreement"), subject to approval
of the Court.  A motion to approve the DIP Financing and the DIP
Agreement was filed with the Court on the Petition Date.

The sale transaction pursuant to the Agreement is subject to
competitive bidding.  Pursuant to the terms of the Agreement,
Hillair has agreed to purchase the assets for (i) $18,914,000 (plus
accrued interest thereon), to be satisfied in the form of a credit
against the obligations arising udder the DIP Agreement and the
Hillair Debenture, plus (ii) a cash payment in an amount not to
exceed $250,000 to cover the Sellers' post-closing wind-down
costs.

Hillair, in making this offer, has relied on promises by the
Debtors to seek the Court's approval of (a) a break-up fee of
$500,000, which is less than 3% of the aggregate purchase price,
and (b) Hillair's reasonable fees, costs and expenses (including,
without limitation, consultants' and attorneys' fees, costs and
expenses) incurred in connection with the transactions contemplated
by the Agreement through the date of termination, including any
such person employed by any of Hillair's affiliates, not to exceed
in the aggregate $350,000 minus amounts paid by Sellers to the DIP
Agent as adequate protection, prior to such termination, for such
fees, costs and expenses as provided in any DIP Order ("Bid
Protections") to compensate Hillair for its time and effort in
examining the Debtors' business, conducting due diligence, and the
loss of opportunity that such time and effort has caused should
another bidder be the successful bidder.  The Debtors, in the
exercise of their business judgment, believe that the Bid
Protections are a necessary inducement for Hillair, and thus,
necessary to establish a "floor" for the sale of the assets and
ultimately encourage competitive bidding and promote the
realization of the highest value for the assets.

The Debtors propose these bid and sale procedures:

   a. Assets to be Sold: The Assets to be acquired by Hillair,
subject to higher or better offers, include, among other things,
(i) Accounts Receivable, (ii) cash and cash equivalents, other than
the Cash Payment, (iii) inventory, (iv) deposits, (v) real property
leases, (vi) furniture and equipment, (vii) intellectual property,
(viii) contracts, (ix) documents, (x) permits, (xi) supplies, (xii)
insurance policies, (xiii) rights under confidentiality agreements,
(xiv) rights pursuant to warranties, representations, and
guarantees, (xv) goodwill and other intangible assets associated
with the Business and/or Purchased Assets, (xvi) certain claims,
rights, and causes of action, (xvii) pre-paid Taxes, (xviii) all
other property and assets pertaining to or used in the conduct of
the Business or ownership of the Purchased Assets. "Business" in
the Agreement means the business and operations of Sellers relating
to e-commerce, television commerce ("t-commerce") and interactive
advertising.

   b. The Bidding Procedures:

        i. Bid Deadline: Oct. 31, 2016, at 12:00 p.m. (PT)

       ii. Qualified Bid: Purchase price offered under the
Agreement, plus the amount of the Bid Protections, plus $100,000

      iii. Auction: at 10:00 a.m. on Nov. 4, 2016, at the offices
of Pachulski Stang Ziehl &Jones LLP, located at 919 North Market
Street, 17th Floor, Wilmington, DE.

       iv. Overbid Increments: Each incremental bid at the auction
will provide net value to the estate of at least $100,000.

        v. Sale Hearing: Nov. 8, 2016

   c. Sale Objection Deadline: Nov. 1, 2016 at 4:00 p.m. (PET)

   d. Terms: Free and clear of all liens, claims, encumbrances, and
interests

The Debtors believe that the Bidding Procedures will encourage
bidding for the Assets and are consistent with the relevant
standards governing auction proceedings and bidding incentives in
bankruptcy proceedings. Accordingly, the proposed Bidding
Procedures are reasonable, appropriate, and within the Debtors'
sound business judgment.

At the Sale Hearing, to facilitate and effect the sale of their
assets, the Debtors will also seek authorization to assume certain
pre-petition executory contracts and leases ("Purchased Contracts")
of the Debtors related to the assets, and to assign such executory
contracts to the Buyer or the successful bidder.

The Agreement provides that the Buyer will pay all cure amounts, as
determined by the Court, if any, necessary to cure all defaults, if
any, and to pay all actual or pecuniary losses that have resulted
from such defaults under the Purchased Contracts assumed at
closing. Sellers will prepare a schedule setting forth a good faith
estimate as of the date of the Agreement of all cure amounts for
all Purchased Contracts.

The Debtors seek authorization and approval to assume and assign
the Purchased Contracts at closing.  The Debtors further seek
authorization and approval to assume and assign the Purchased
Designation Rights Contracts at the time of Buyer's designation of
a Contract as a Purchased Designation Rights Contract.

Pursuant to the Agreement, and because of the potentially
diminishing value of the assets, the Debtors must close the sale
promptly after all closing conditions have been met or waived.
Thus, waiver of any applicable stays is appropriate in this
circumstance.

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

       http://bankrupt.com/misc/Dalivery_Agent_14_Sales.pdf

                        Road to Bankruptcy

In late 2015 through the first quarter of 2016, a number of events
occurred that impacted Delivery Agent's liquidity:

   a. By the third quarter of 2015, the capital markets began to
show signs of weakness, and by the first quarter of 2016, the
Company's investment banks advised that an IPO in the near-term
would be unlikely.

   b. The shut-down of The Band, Inc, which the Company acquired in
May 2010, reduced the Company's operating revenue by 38% and
resulted in an unpaid accounts payable liability of approximately
$20,000,000.

   c. The Company's e-commerce business, which currently generates
the largest portion of the Company's revenues, has not achieved
profitability for a number of reasons.

   d. Success of the Company's propriety t-commerce business
segment depends upon significant scale and consumer adoption.

In late 2015, the Company sought new or replacement financing and
received such financing from Western Alliance Bank ("Pre-Petition
Accounts Receivable Lender") and Hillair in December 2015.  Some of
the proceeds were used to repay notes issued to Pinnacle Ventures,
LLC.

On Dec. 9, 2015, the Pre-Petition Accounts Receivable Lender
entered into a Business Financing Agreement ("Senior Loan
Agreement") with the Company, Music Today, LLC ("Musictoday"), and
Clean Fun Promotional Marketing, Inc. ("Clean Fun"), pursuant to
which the Pre-Petition Accounts Receivable Lender lent the Debtors
amounts against a borrowing base fixed against the Debtors'
accounts receivable, which obligations are secured by a first lien
on substantially all of the Debtors' assets.

The Company concurrently issued to Hillair an 8% Original Issue
Discount Secured Convertible Debenture due Nov. 1, 2017 ("Hillair
Debenture"), in the principal amount of $9,280,000, which
obligation is secured by a lien on substantially all of the
Debtors' assets and subject to a Subordination Agreement between
Western Alliance and Hillair, whereby Hillair agreed to become the
junior lender for purposes of the loan relationship between Hillair
and Western Alliance.

Notwithstanding the issuance of the Senior Loan Agreement and the
Hillair Debenture, the Company anticipated the need to raise
additional capital in 2016. Barclays and BMO worked together to
contact strategic buyers to purchase the Company as an alternative
to the IPO, but the process was ultimately not successful in
identifying a buyer for the business.

Concurrently, the Company approached potential debt and equity
investors for additional funding.  However, capital markets cooled
substantially in the winter of 2015, and the Company was unable to
find additional investors willing to inject more capital into the
Company on terms that were acceptable to the Debtors.  In July
2015, the Debtors entered  into a Convertible Bridge Note Purchase
Agreement with certain of its existing investors, pursuant to which
it issued promissory notes in the approximate principal amount of
$11,000,000.

In March 2016, the Debtors entered into a further agreement to
purchase such notes from such investors, pursuant to which the
Company issued additional promissory notes in the approximate
principal amount of $9,00,000. The proceeds of that issuance were
used to finance operations while the Company explored further
financing opportunities, including sale of equity.  These efforts
continued through the spring of 2016 without yielding a long-term
liquidity solution.

Upon concluding both the Barclays process and the additional
internal fundraising efforts, the Company determined that it needed
to increase the scope of its efforts to approach additional
strategic buyers, as well as investors who typically seek more
distressed situations.  To that end, on May 18, 2016, the Company
retained Houlihan Lokey to evaluate strategic alternatives and to
engage in a marketing process of all of the Company's business
segments. Houlihan began discussions with strategic and financial
buyers in early June 2016 and continues to lead a robust marketing
process that has been underway for more than three months. Although
Houlihan was able to identify a number of interested parties, who
provided both formal and informal indications of that interest, no
purchaser has yet emerged with a commitment to acquire some or all
of the Company's business units.

By August 2016, with liquidity pressure increasing, it was
projected that obtaining a firm purchase or financing commitment
prior to exhausting the Company's remaining liquidity was unlikely.
The Debtors explored their options with Houlihan and concluded
that a sale of the Debtors' assets pursuant to Section 363 of the
Bankruptcy Code would most likely maximize the value of the
Debtors' assets.  As no buyer or lender emerged from the process
run by Houlihan and the Debtors, the Debtors requested that Hillair
agree to become a stalking horse bidder and proposed DIP lender for
the purposes of continuing the sale process in the context of a
chapter 11 filing.

The Company's cash concerns were compounded by the fact that in
early September, the Pre-Petition Accounts Receivable Lender
declared a default under the Senior Loan Agreement.  Pursuant to
section 5.12 of the Senior Loan Agreement, the Company was required
to raise additional equity capital on or before March 8, 2016.  In
August 2016, the Pre-Petition Accounts Receivable Lender asserted
that the Company was in default under the Senior Loan Agreement for
its failure to timely complete the equity raise, the notice of
which was sent on Sept. 5.  Thereafter, the Pre-Petition Accounts
Receivable Lender proceeded to sweep on a daily basis its cash
accounts and apply cash proceeds of the Debtors' accounts
receivable, as it asserted it was entitled to do under the Senior
Loan Agreement.

As a result of Pre-Petition Accounts Receivable Lender's cash
sweeps, the Company's liquidity needs became critical.

After extensive negotiations, and at the Debtors' request, on Sept.
8, 2016, Hillair agreed to advance $1,425,000 ("Emergency Loan") to
the Debtors pursuant to that certain Secured Promissory Note
executed by Delivery Agent, Inc., and guaranteed by each of the
other Debtors, including Shop the Shows, LLC.  The Emergency Loan
allowed the Debtors to pay expenses, vendors and also fund payroll,
which the Debtors were at considerable risk of not being able to
pay absent the Emergency Loan.

To facilitate the Debtors' efforts to execute the foregoing sale,
Hillair agreed to (a) provide the Emergency Loan, (b) provide
post-petition debtor-in-possession financing, and (c) enter into an
asset purchase agreement with the Debtors.

The Debtors approached other prospective financiers to determine if
financing on the terms offered by Hillair, or better, are available
to the Debtors in these Chapter 11 cases.  They concluded that no
such financing is available.

Due to the seasonal nature of the Company's business, it is of
paramount importance that the Company has stability and funding to
support its operations in the fourth quarter of 2016, when expected
revenues and cash disbursements are the greatest.  In light of
Hillair's willingness to provide postpetition financing and support
a Section 363 sale process that would result in a prompt sale
transaction and minimal disruption to the holiday shopping season,
the Company's board decided that it was in the best interests of
the Company and its stakeholders to file this Chapter 11 pleading
and pursue a Section 363 sale process.

Therefore, in light of the foregoing, on Sept. 14, 2016, the
Company, Musictoday, Clean Fun, and Shop the Shows filed voluntary
petitions for relief under chapter 11 of the Bankruptcy Code with
the Court.

The Purchaser:

          HILLAIR CAPITAL MANAGEMENT, LLC
          345 Lorton Ave., Suite 303
          Burlingame, CA 94010
          Attn: Sean M. McAvoy
          E-mail: seanm@hillaircapital.com

The Purchaser's attorneys:

          Adam H. Friedman, Esq
          Jonathan H. Deblinger, Esq.
          OLSHAN FROME WOLOSKY LLP
          1325 Avenue of the Americas,
          New York, NY 10019
          Facsimile: (212) 451-2222
          E-mail: afriedman@olshanlaw.com
                  deblinger@olshanlaw.com

                       About Delivery Agent

Headquartered in San Francisco, California, Delivery Agent, Inc.,
turns audiences into revenue generating customers for brands,
device manufacturers, and media companies worldwide.  It offers
ShopTV, a technology that allows audiences to engage with and
transact directly from advertisements and television shows through
Web, mobile, and advanced television applications; a cloud-based
shopping platform, which enables omni-channel commerce for its
clients with simplicity; eCommerce platform for omni-channel
shopping; relevant and personalized product offers to viewers based
on the content they are watching with the help of contextual
database; and advertising solutions.

Delivery Agent, Inc., and affiliates MusicToday, LLC, Clean Fun
Promotional Marketing, Inc., and Shop the Shows, LLC, sought
Chapter 11 protection (Bankr. D. Del. Lead Case No. 16-12051) on
Sept. 15, 2016.

The Debtors hired Pachulski Stang Ziehl & Jones LLP as local
Counsel; Keller & Benvenutti LLP as general counsel; Arch & Beam
Global, LLC as financial advisor; and Epiq Bankruptcy Solutions,
LLC, as claims and noticing agent.

The cases are assigned to Judge Laurie Selber Silverstein.


DENNIS LEE EDWARDS: Sept. 29 Disclosures, Plan Confirmation Hearing
-------------------------------------------------------------------
Judge Thomas J. Catliota of the U.S. Bankruptcy Court for the
District of Maryland scheduled a hearing to consider the approval
of Dennis Lee Edwards' Amended Disclosure Statement, combined with
the hearing of confirmation of the Plan Sponsor's Amended Plan of
reorganization has been set to be held on Sept. 29, 2016 at 10:30
a.m.

The Court further ordered that acceptances and rejections of the
Amended Plan may be solicited pending, and contingent upon,
approval of the Amended Disclosure Statement, and has set Sept. 26,
2016 as the last day for filing and serving written objections and
acceptances or rejections of the Amended Plan.

         About Dennis Lee Edwards

Dennis Lee Edwards filed a Chapter 11 petition (Bankr. D. Md. Case
No. 15-17473), on May 26, 2015. The Debtor is represented by John
Douglas Burns, Esq. at The Burns Law Firm, LLC of Greenbelt, MD.
Judge Thomas J. Catliota presides over the case.


DENTON HARDWOODS: Can Use BB&T Cash Through Sept. 20
----------------------------------------------------
Judge Lena Mansori James of the U.S. Bankruptcy Court for the
Middle District of North Carolina authorized Denton Hardwoods, Inc.
to use cash collateral through and including Sept. 20, 2016

The Debtor's authority to use cash collateral was limited to the
payment of necessary and reasonable operating expenses contained in
the approved budget.

The Debtor was directed to make monthly adequate protection
payments to Branch Banking and Trust Company in the amount of
$2,750, beginning on Sept. 3, 2016.

An interim hearing on the Debtor's use of cash collateral is
scheduled on Sept. 20, 2016 at 9:30 am.

A full-text copy of the Eighth Interim Order, dated September 6,
2016, is available at https://is.gd/FFkxkN


                  About Denton Hardwoods, Inc.

Denton, North Carolina-based Denton Hardwoods, Inc., was started in
February 2001 as a lumber drying, grading and hardwood resale
business.  Over the years that followed, it was a profitable
business, and expanded its operations through facility growth and
product development.  Robert Conner is the sole insider of the
Debtor.  He is the president and a 100% shareholder of the Debtor.

The Debtor filed for Chapter 11 bankruptcy protection (Bankr.
M.D.N.C. Case No. 15-11211) on Nov. 5, 2015, estimating its assets
and liabilities at between $100,001 and $500,000 each.  Phillip E.
Bolton, Esq., at Bolton Law Group serves as the Debtor's bankruptcy
counsel.  The petition was signed by Robert Gray Conner,
president.

Judge Lena Mansori James presides over the case.


DETROIT, MI: Reaches Milestone in Bankruptcy Recovery
-----------------------------------------------------
The American Bankruptcy Institute, citing Matt Helms of the Detroit
Free Press, reported that marking a milestone in Detroit's recovery
from insolvency, the state commission that oversees the city's
finances today declared the city in substantial compliance with the
terms of its exit from municipal bankruptcy -- a step toward ending
state oversight.

According to the report, the declaration came after certification
of an audit of the city's 2014-15 budget.  Detroit now must get
similar approvals of the next two fiscal years before the city can
be removed from state oversight as early as 2018, under a state law
passed in 2014 that governs how the city must operate, the report
related.

"It's a major step forward," Mayor Mike Duggan in an interview
after the Financial Review Commission meeting  at Cadillac Place in
New Center, the report further related.  "The Legislature set up a
process that said the city can earn its way out of direct financial
oversight, and it has to balance the budgets and pay its bills for
three straight years. ... I couldn't be more pleased that we have
one year down, and we've been certified as being fully compliant
with the statute."

Detroit has posted surpluses in recent years on the city's annual
budget of roughly $1 billion, and the Duggan administration also
projects a balanced budget for 2016-17, the report said.  If the
city stays within budget, and an audit is certified in 2018,
Detroit could end a period of direct oversight and go into a period
when the review commission would be mostly dormant, the report
added.

                 About the City of Detroit

The City of Detroit, Michigan, weighed down by more than $18
billion in accrued obligations, sought municipal bankruptcy
protection on July 18, 2013, by filing a voluntary Chapter 9
petition (Bankr. E.D. Mich. Case No. 13-53846).  Detroit estimated
more than $1 billion in both assets and debts.

Kevyn Orr, who was appointed in March 2013 as Detroit's emergency
manager, signed the petition.  Detroit is represented by lawyers
at Jones Day and Miller Canfield Paddock and Stone PLC.

Michigan Governor Rick Snyder authorized the bankruptcy filing.

The filing makes Detroit the largest American city to seek
bankruptcy, in terms of population and the size of the debts and
liabilities involved.

The City's $18 billion in debt includes $5.85 billion in special
revenue obligations, $6.4 billion in post-employment benefits,
$3.5 billion for underfunded pensions, $1.13 billion on secured
and unsecured general obligations, and $1.43 billion on pension-
related debt, according to a court filing.  Debt service consumes
42.5 percent of revenue.  The city has 100,000 creditors and
20,000 retirees.

Detroit is represented by David G. Heiman, Esq., and Heather
Lennox, Esq., at Jones Day, in Cleveland, Ohio; Bruce Bennett,
Esq., at Jones Day, in Los Angeles, California; and Jonathan S.
Green, Esq., and Stephen S. LaPlante, Esq., at Miller Canfield
Paddock and Stone PLC, in Detroit, Michigan.

Sharon Levine, Esq., at Lowenstein Sandler LLP, is representing
the American Federation of State, County and Municipal Employees
and the International Union.

Babette Ceccotti, Esq., at Cohen, Weiss & Simon LLP, is
representing the United Automobile, Aerospace and Agricultural
Implement Workers of America.

A nine-member official committee of retired workers appointed in
the case is represented by Dentons US LLP.  Lazard Freres & Co.
LLC serves as the Retiree Committee's financial advisor.

Detroit filed a notice that the effective date of its
bankruptcy-exit plan occurred on Dec. 10, 2014.  Judge Steven
Rhodes on Nov. 12, 2014, entered an order confirming the Eighth
Amended Plan for the Adjustment of Debts of the City of Detroit.

Thomas Tucker, a federal bankruptcy judge since 2003, took over
Detroit's landmark bankruptcy case following the retirement of
Judge Rhodes.


DEWDROP ENTERPRIZES: Disclosures OK'd; Plan Hearing on Sept. 23
---------------------------------------------------------------
The Hon. Phyllis M. Jones of the U.S. Bankruptcy Court for the
Eastern District of Arkansas has approved Dewdrop Enterprizes,
Inc.'s disclosure statement describing the Debtor's plan of
reorganization.

The hearing to consider the confirmation of the Plan will be held
on Sept. 23, 2016, at 9:30 a.m.  Objections to the Plan must be
filed by Sept. 21, 2016.

The Court approved the Debtor's Disclosure Statement as providing
adequate information as required by the Code on July 28, 2016.
While the Debtor filed its first amended plan on June 20, 2016,
together with its amended disclosure statement, the Plan was again
amended on Aug. 24, 2016.  The Plan is ready for distribution to
all creditors and interested parties and the setting of a date for
confirmation of the Plan.

The Disclosure Statement is approved with non-substantive changes
and these substantive changes:

     1. attached Exhibit A to the court order is substituted as
        the Disclosure Statement's Liquidation Analysis;

     2. language regarding treatment of M&P in Section 2.4 has
        been amended;

     3. parcel numbers 003-0045-001 and 003-000444-000 in Southern
        Bank's treatment in Section 2.4 has been amended to read
        003-00445-001 and 003-00444-000, respectively;

     4. the Debtor's creditors, Centennial Bank and First Security

        Bank, were originally treated as secured creditors in
        Section 2.4; but by virtue of the surrender and subsequent

        foreclosure of the Debtor's interest in the properties
        securing the debts to Centennial Bank and First Security
        Bank, these creditors are now listed as unsecured
        creditors;

     5. the language in section 6.7 that states, "as required
        under 11 U.S.C. Section 1129" has been removed;

     6. Section 6.8 "Tax Consequences of Plan" has been added
        which states that creditors and equity interest holders
        concerned with how the plan may affect their tax liability

        should consult with their own accountants, attorneys,
        and advisors.  These are the anticipated tax consequences
        of the Plan: (1) tax consequences to the Debtor of the
        Plan will be determined under the Subsection S of the
        Internal Revenue Service; general tax consequences on
        creditors of any discharge, and the general tax
        consequences of receipt of plan consideration after
        confirmation; and

     7. Section 11.5.3 has been amended to provide for 30 days to
        respond to an objection to any claims.

The notice period for Objections to the Plan is a minimum of 28
days.

The date fixed as the last day for filing written ballots accepting
or rejecting Debtor's Plan is Sept. 21, 2016.  The acceptance or
rejection will be by the ballot and must be received by the
attorney for the Debtor by Sept. 21, 2016, in order to be counted.

Headquartered in Bald Knob, Arizona, Dewdrop Enterprizes, Inc., is
a real estate investor/operator.

The Debtor filed for Chapter 11 bankruptcy protection (Bankr. E.D.
Ark. Case No. 15-12975) on June 17, 2015, estimating its assets and
liabilities at between $1 million and $10 million.  The petition
was signed by Mark Pearrow, CEO.

Judge Phyllis M. Jones presides over the case.

Joel G. Hargis, Esq., at Joel G. Hargis, P.A., serves as the
Debtor's counsel.


DEXTER AXLE: Moody's Retains B2 CFR on Companies Acquisition
------------------------------------------------------------
Moody's Investors Service says Dexter Axle Company's acquisition of
two companies, including Rockwell American, is credit negative but
does not impact the company's ratings, including Dexter's B2
Corporate Family Rating, B2-PD Probability of Default Rating (PDR),
B1 senior secured first lien credit facilities' rating or its
stable rating outlook.

                          RATINGS RATIONALE

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

Headquartered in Novi, Michigan, Dexter Axle Company is a
manufacturer of axles and related products.  In December 2015,
Dexter acquired AL-KO Vehicle Technology (AL-KO VT), a division of
AL-KO SE, leading manufacturer of primarily axles and motorized
chassis in Europe and Australia.  Dexter is majority owned by
Sterling Group Partners III, L.P., a Houston-based investment fund.
Pro-forma for the merger, revenues for the twelve months ended
June 30, 2016, were approximately $1.1 billion.


DEXTER AXLE: S&P Affirms 'B+' Rating on $390MM Term Loan
--------------------------------------------------------
S&P Global Ratings affirmed its 'B+' issue-level rating on Dexter
Axle Co.'s pro forma $390 million term loan, which includes the
recently proposed $80 million incremental term loan.  The '3'
recovery rating on the term loan remains unchanged, indicating
S&P's expectation for meaningful (50%-70%; upper half of the range)
recovery in the event of a payment default.

All of S&P's other ratings on Dexter Axle remain unchanged.

The company is pursuing an $80 million incremental term loan to
fund its acquisition of Rockwell American, a manufacturer and
distributor of trailer parts and accessories.  The $80 million term
loan will be incremental to the company's existing
$310 million term loan.  S&P expects that all of the key terms
related to the deal will remain unchanged.

S&P's corporate credit rating on Dexter Axle reflects the company's
significant exposure to the niche industrial and utility (I&U)
trailer and recreational vehicle (RV) markets and its high product
concentration, as over half of its total sales are related to axles
and chassis.  These factors are somewhat offset by the company's
strong market share in the I&U and RV space and its diverse
geographic footprint (approximately 40% of its sales are generated
outside the U.S.).  S&P expects the company's adjusted
debt-to-EBITDA metric to remain above 4x over the next 12 months,
which is consistent with S&P's current rating.

                         RECOVERY ANALYSIS

Key analytical factors

   -- S&P's simulated default scenario assumes a default in 2020
      against the backdrop of a sustained economic downturn, which

      results in a significant decline in construction activity,
      consumer demand, and--ultimately--demand for the company's
      products.

   -- S&P assumes that the company would be able to successfully
      re-emerge from a default scenario.

   -- S&P's recovery analysis incorporates the company's
      $60 million revolving credit facility, proposed $390 million

      pro forma term loan, EUR134.9 million term loan, and
      $65 million of subordinated debt.

Simulated default assumptions

   -- S&P assumes that the company will seek covenant amendments
      on its path to default--resulting in higher interest
costs—
      and anticipate that it will have drawn approximately 85% of
      its revolving credit facility.

   -- To value Dexter Axle, S&P applied a 5x multiple to its
      estimated post default emergence EBITDA of $85 million,
      which results in a gross enterprise value of about
      $425 million.

   -- S&P has revised its default emergence EBITDA to $85 million
      from $80 million to reflect the company's increased scale
      and size in conjunction with the Rockwell acquisition.

Other assumptions include:

   -- LIBOR of 350 basis points (bps)at default;
   -- A 150 bp increase in the interest margin on the company's
      revolving credit facility to reflect the likely amendment
      prior to default; and
   -- All debt amounts include six months of prepetition interest.

Simplified waterfall
   -- Simulated year of default: 2020
   -- Emergence EBITDA: $85 million
   -- Implied emergence value multiple: 5.0x
   -- Net enterprise value (after 5% admin. costs): $404 million
   -- Valuation split (obligor/nonobligors): 75%/25%
   -- Secured debt claims: $587 million
      -- Recovery expectations: 50%-70% (higher end of the range)
   -- Unsecured debt claims: $76 million
      -- Recovery expectations: Not rated

RATINGS LIST

Dexter Axle Co.
Corporate Credit Rating            B+/Stable/--

Ratings Affirmed

Dexter Axle Co.
Senior Secured
  $390M Term Loan                   B+
   Recovery Rating                  3H



DIVERSIFIED RESOURCES: Delays Filing of July 31 Form 10-Q
---------------------------------------------------------
Diversified Resources, Inc. notified the Securities and Exchange
Commission regarding the delay in the filing of its quarterly
report on Form 10-Q for the period ended July 31, 2016.  The
Company said it did not complete its financial statements in
sufficient time so as to allow the filing of the report by
Sept. 14, 2016.

                 About Diversified Resources

Diversified Resources Inc. is active in oil and gas exploration and
production in the Rocky Mountain region of the U.S.  The Company
maintains its headquarters in Littleton, Colorado.

Diversified Resources reported a net loss of $4.81 million on
$602,980 of operating revenues for the year ended Oct. 31, 2015,
compared to net income of $726,120 on $161,623 of operating
revenues for the year ended Oct. 31, 2014.

As of April 30, 2016, Diversified had $22.9 million in total
assets, $12.5 million in total liabilities and $10.4 million in
total stockholders' equity.

Frazier & Deeter, LLC, in Atlanta, Georgia, issued a "going
concern" qualification on the consolidated financial statements for
the year ended Oct. 31, 2015, citing that the Company has an
accumulated deficit and has incurred significant operating losses
and has a working capital deficit.  These factors raise substantial
doubt about the Company's ability to continue as a going concern.


ECOSPHERE TECHNOLOGIES: Obtains $250,000 Financing from Brisben
---------------------------------------------------------------
Ecosphere Technologies, Inc., and Brisben Water Solutions, LLC
entered into a loan arrangement pursuant to which the Lender loaned
the Company $250,000 in exchange for a 10% secured convertible
promissory note convertible into shares of common stock of the
Company at $0.115 per share.  The loan matures Dec. 15, 2017.  As
further consideration for the loan, the Company also issued the
Lender 4,347,826 five-year warrants to purchase shares of the
Company's common stock, exercisable at $0.045 per share, on terms
otherwise identical to warrants previously issued to the Lender.

The obligations under the note are secured by an Amended and
Restated Security Agreement between the parties, the terms of which
have been previously disclosed.  The Company did not provide
additional collateral in connection with issuance of the Note.
Simultaneously with issuance of the note, the Company and the
Lender amended their previously disclosed 5% royalty agreement
pursuant to which the Lender will now receive 7% of certain
revenues from one of the Company's proposed agriculture centers.

                 About Ecosphere Technologies

Stuart, Florida-based Ecosphere Technologies (OTC BB: ESPH) --
http://www.ecospheretech.com/-- is a water engineering,
technology licensing and environmental services company that
designs, develops and manufactures wastewater treatment solutions
for industrial markets.  Ecosphere, through its majority-owned
subsidiary Ecosphere Energy Services, LLC, provides energy
exploration companies with an onsite, chemical free method to kill
bacteria and reduce scaling during fracturing and flowback
operations.

Ecosphere reported a net loss of $23.06 million on $721,179 of
total revenues for the year ended Dec. 31, 2015, compared to a net
loss of $11.49 million on $1.11 million of total revenues for the
year ended Dec. 31, 2014.

As of June 30, 2016, Ecosphere had $3.03 million in total assets,
$14.2 million in total liabilities, $3.92 million in total
redeemable convertible cumulative preferred stock and a total
deficit of $15.08 million.

Salberg & Company, P.A., in Boca Raton, Florida, issued a "going
concern" qualification on the consolidated financial statements
for the year ended Dec. 31, 2015, citing that the Company reported
a net loss of $23.07 million and $11.5 million in 2015 and 2014,
respectively, and cash used in operating activities of $1.76
million and $4.55 million in 2015 and 2014, respectively.  At
Dec. 31, 2015, the Company had a working capital deficiency,
stockholders' deficit and accumulated deficit of $9.32 million,
$12.2 million and $132 million, respectively.  These matters raise
substantial doubt about the Company's ability to continue as a
going concern.


ELBIT IMAGING: Closes Debt Repayment Agreement with Financing Bank
------------------------------------------------------------------
Elbit Imaging Ltd. announced the closing of a Debt Repayment
Agreement by Plaza Centers N.V., an indirect subsidiary of the
Company, with a financing bank.  Plaza has also completed the sale
of the shares in Zgorzelec Plaza Shopping Center in Poland.

A share purchase agreement has been signed between Plaza and an
appointed shareholder nominated by the Bank, after which the
remainder of the DRA process was completed, including delivery of a
Release Letters to Plaza, and removing a mortgage over an asset of
Plaza in Leszno, Poland (valued at EUR0.8 million), as described in
the announcement dated June 30, 2016.

As previously stated, Plaza expects to recognize an accounting
profit of approximately EUR10 million, stemming from the release of
EUR23 million of the outstanding (and partially recourse) loan
(including accrued interest thereof), against an outstanding asset
valued at EUR12 million as of June 30, 2016.

                        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.


ELBIT IMAGING: Unit Closes Sale of Riga Plaza for EUR93.4 Million
-----------------------------------------------------------------
Elbit Imaging Ltd. announced that Plaza Centers N.V., an indirect
subsidiary of the Company, has completed the sale of Riga Plaza
shopping and entertainment centre in Riga, Latvia, to a global
investment fund.  As previously stated, the agreement reflects a
value for the business of EUR93.4 million (reflecting 100%), which
is in line with the last reported book value.

Following a price adjustment mechanism and costs incurred in
respect of the completion of the sale, Plaza will receive EUR17.8
million in cash after repayment of banks loan (representing Plaza's
share of the sale of the business), with an additional EUR0.6
million expected to be received within the next 25 months.

In line with Plaza's stated restructuring plan, at least 75% of the
net cash will be distributed to Plaza's bondholders in the fourth
quarter of 2016.

                       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.


EMMAUS LIFE: Inks Share Purchase Agreement with KPM and Hanil
-------------------------------------------------------------
Emmaus Life Sciences, Inc., entered into a letter agreement with
KPM Tech Co., Ltd. and Hanil Vacuum Co., Ltd., both Korean-based
public companies whose shares are listed on KOSDAQ, a trading board
of Korea Exchange in South Korea.  In the letter agreement, the
parties agree that KPM and Hanil will purchase by Sept. 30, 2106,
$17 million and $3 million, respectively, of shares of the
Company's common stock at a price of $4.50 per share.  

For the Company's part, it agrees to invest $13 million and $1
million in future capital increases by KPM and Hanil, respectively,
at prices based upon the trading prices of KPM and Hanil shares on
KOSDAQ.  The letter agreement contemplates that KPM and Hanil may
purchase additional shares of the Company's common stock in a
second transaction to be mutually agreed upon by the parties.

In connection with the letter agreement, KPM and Hanil are expected
to enter into the Company's standard form subscription agreement
with respect to their purchase of shares which contains customary
representations and warranties of the parties.

Pursuant to the terms of a subscription agreement dated as of Sept.
11, 2013, among the company and certain purchasers of shares of the
Company's common stock and warrants to purchase shares of the
Company's common stock, the purchasers are entitled to
participation rights with respect to the sale of shares pursuant to
the letter agreement.  To the extent the purchasers exercise their
participation rights, the Company may be obliged to sell to them a
specified number of shares of its common stock at the price per
share and other terms set forth in the letter agreement.  There can
be no assurance that any purchaser will exercise its participation
rights or that any shares of the Company's common stock will be
issued to any purchaser.

                       About Emmaus Life

Emmaus Life Sciences, Inc., is engaged in the discovery,
development, and commercialization of treatments and therapies
primarily for rare and orphan diseases.  This biopharmaceutical
company's headquarters is in Torrance, California.

Emmaus Life reported a net loss of $12.7 million on $590,114 of
net revenues for the year ended Dec. 31, 2015, compared to a net
loss of $21.8 million on $500,679 of net revenues for the year
ended Dec. 31, 2014.

As of June 30, 2016, Emmaus Life had $1.26 million in total assets,
$32.9 million in total liabilities and a total stockholders'
deficit of $31.7 million.

SingerLewak LLP, in Los Angeles, California, issued a "going
concern" qualification on the consolidated financial statements for
the year ended Dec. 31, 2015, citing that the Company has suffered
recurring losses from operations, its total liabilities exceed its
total assets and it has an accumulated stockholders' deficit.  This
raises substantial doubt about the Company's ability to continue as
a going concern.


ENERGY FUTURE: Bankruptcy Court OKs NextEra Mergers Agreements
--------------------------------------------------------------
NextEra Energy, Inc., on Sept. 19, 2016, disclosed that the U.S.
Bankruptcy Court for the District of Delaware has approved Energy
Future Holdings Corp. ("EFH") entering into the previously
announced definitive agreements with NextEra Energy pursuant to
which NextEra Energy will acquire 100 percent of the equity of
reorganized EFH, reorganized Energy Future Intermediate Holding
Company LLC ("EFIH"), Oncor Electric Delivery Holdings Company LLC
("Oncor Holdings") and certain other subsidiaries, including Oncor
Holdings' approximately 80 percent ownership interest in Oncor
Electric Delivery Company ("Oncor").  The proposed transaction was
announced on July 29, 2016.  The definitive agreements are part of
EFH's overall plan of reorganization that is designed to allow the
company to emerge from Chapter 11 bankruptcy.

In addition, NextEra Energy on Sept. 19 disclosed that certain
funds advised by Fidelity Management and Research Company, which
such funds are creditors of EFH, have entered into the amended and
restated plan support agreement with EFH and NextEra Energy.  The
plan support agreement is one of the definitive agreements included
in EFH's overall plan of reorganization.

NextEra Energy also said on Sept. 19 that it expects to file soon
with Oncor a joint application with the Public Utility Commission
of Texas requesting approval of the proposed transaction.

"We are pleased by today's bankruptcy court ruling and view it as
an important next step in the process to acquire Oncor," said Jim
Robo, chairman and chief executive officer of NextEra Energy.  "Our
proposed transaction provides Oncor with a financially strong,
utility-focused owner that shares Oncor's commitment to providing
customers with affordable, reliable electric delivery service and
significant value and certainty for the EFH bankruptcy estate.
With this important milestone behind us, we look forward to working
closely with additional EFH creditors to gain their support for
successful confirmation of EFH's plan of reorganization and,
together with Oncor, filing our joint application for transaction
approval soon with the Public Utility Commission of Texas."

Benefits to Oncor and its customers

Should the necessary approvals be obtained, Oncor will join a
family of companies that shares its commitment to making the smart,
long-term investments necessary to maintain and support affordable,
reliable electric service.  In returning Oncor to a traditional
utility ownership structure, the proposed transaction is expected
to, among other things:

   -- Extinguish all EFH and EFIH debt that currently resides above
Oncor as part of the closing;

   -- Improve Oncor's financial strength and credit ratings
resulting in more favorable borrowing rates to fund necessary
capital investments -- based solely on the news of the merger
announcement, Moody's Investors Service upgraded Oncor's senior
secured credit rating from Baa1 to A3 and placed the rating on
review for further upgrade.  In addition, Standard & Poor's
Financial Services revised Oncor's outlook to positive from
developing and Fitch Ratings placed Oncor on Rating Watch
Positive;

   -- Ensure the support of Oncor's existing five-year capital
plan, which includes substantial and necessary planned capital
improvement projects across the state;

   -- Enhance Oncor's ability to provide safe, reliable and
affordable electric delivery service to its customers well into the
future by partnering with a world-class energy company with a
long-term commitment to Texas;

   -- Retain local management, the Dallas headquarters and the
Oncor name;

   -- Provide workforce stability and protections for Oncor
employees, including no material involuntary workforce reductions
at Oncor for at least two years after the transaction closes;

   -- Embrace a robust set of regulatory and governance commitments
regarding electric reliability, operations, employee protections,
accounting, code of conduct and Public Utility Commission of Texas
reporting; and

   -- Eliminate the financial risks to Oncor created by the 2007
EFH acquisition and facilitate the resolution of the EFH
bankruptcy.

Benefits to creditors

The proposed transaction provides significant value and certainty
for the creditors of the EFH bankruptcy estate.  With creditor
repayment composed primarily of cash, the transaction would deliver
a high degree of certainty of value to the EFH bankruptcy estate.

Transaction details and approvals

On Sept. 19, NextEra Energy signed a merger agreement amendment
with EFH that, among other things, increased the previously
announced purchase price by $300 million.  As part of the
transaction, NextEra Energy intends to fund $9.8 billion, primarily
for the repayment of EFIH debt for an implied total enterprise
value of $18.7 billion.  Of that amount, it is expected that
certain creditors will be paid primarily in cash with the remainder
in NextEra Energy common stock.  The number of shares issuable to
such creditors and EFH creditors will be determined based on the
estimated cash on hand at EFH at the closing of the transaction,
the volume weighted average price of NextEra Energy common stock
for a specified number of days leading up to the closing and other
factors specified in the definitive agreements.  NextEra Energy
intends to use a combination of debt, convertible equity units and
proceeds from asset sales to fund cash being provided to
creditors.

The transaction is not subject to any financing contingencies.
NextEra Energy intends to repay in full the EFIH first lien
debtor-in-possession ("DIP") financing facility (currently
approximately $5.4 billion principal amount) using cash financed by
a non-EFH/Oncor NextEra Energy affiliate upon closing.  As part of
EFH's plan of reorganization, the transaction would extinguish all
EFH and EFIH debt that currently exists above Oncor.

Except as set forth in the merger agreement, EFH is now prohibited
from soliciting proposals from third parties.  At any time prior to
confirmation of the EFH plan of reorganization, which is currently
anticipated to occur in December, should EFH terminate the
definitive agreement because it chooses to proceed with a superior
alternative transaction, EFH would be obligated to pay NextEra
Energy a $275 million termination fee upon the closing of the
alternative transaction.

The transaction is subject to bankruptcy court confirmation of
EFH's plan of reorganization, approval by the Public Utility
Commission of Texas and the Federal Energy Regulatory Commission,
the expiration or termination of the waiting period under the
Hart-Scott-Rodino Act, and other customary conditions and
approvals.

NextEra Energy expects the transaction, which has been approved by
the boards of directors of both NextEra Energy and EFH, to be
completed in the first quarter of 2017.

                       About Energy Future

Energy Future Holdings Corp., formerly known as TXU Corp., is a
privately held diversified energy holding company with a Portfolio
of competitive and regulated energy businesses in Texas.

Oncor, an 80 percent-owned entity within the EFH group, is the
largest regulated transmission and distribution utility in Texas.

The Company delivers electricity to roughly three million delivery
points in and around Dallas-Fort Worth.  EFH Corp. was created in
October 2007 in a $45 billion leverage buyout of Texas power
company TXU in a deal led by private-equity companies Kohlberg
Kravis Roberts & Co. and TPG Inc.

On April 29, 2014, Energy Future Holdings and 70 affiliated
companies sought Chapter 11 bankruptcy protection (Bankr. D. Del.
Lead Case No. 14-10979) after reaching a deal with some key
financial stakeholders to keep its businesses operating while
reducing its roughly $40 billion in debt.

The Debtors' cases have been assigned to Judge Christopher S.
Sontchi (CSS). The Debtors are seeking to have their cases jointly
administered for procedural purposes.

As of Dec. 31, 2013, EFH Corp. reported assets of $36.4 billion in
book value and liabilities of $49.7 billion. The Debtors have $42
billion of funded indebtedness.

EFH's legal advisor for the Chapter 11 proceedings is Kirkland &
Ellis LLP, its financial advisor is Evercore Partners and its
restructuring advisor is Alvarez & Marsal.  The TCEH first lien
lenders supporting the restructuring agreement are represented by
Paul, Weiss, Rifkind, Wharton & Garrison, LLP as legal advisor, and
Millstein & Co., LLC, as financial advisor.

The EFIH unsecured creditors supporting the restructuring agreement
are represented by Akin Gump Strauss Hauer & Feld LLP, as legal
advisor, and Centerview Partners, as financial advisor.  The EFH
equity holders supporting the restructuring agreement are
represented by Wachtell, Lipton, Rosen & Katz, as legal advisor,
and Blackstone Advisory Partners LP, as financial advisor.  Epiq
Systems is the claims agent.

Wilmington Savings Fund Society, FSB, the successor trustee for the
second-lien noteholders owed about $1.6 billion, is represented by
Ashby & Geddes, P.A.'s William P. Bowden, Esq., and Gregory A.
Taylor, Esq., and Brown Rudnick LLP's Edward S. Weisfelner, Esq.,
Jeffrey L. Jonas, Esq., Andrew P. Strehle, Esq., Jeremy B. Coffey,
Esq., and Howard L. Siegel, Esq.  An Official Committee of
Unsecured Creditors has been appointed in the case.  The Committee
represents the interests of the unsecured creditors of only of
Energy Future Competitive Holdings Company LLC; EFCH's direct
subsidiary, Texas Competitive Electric Holdings Company LLC; and
EFH Corporate Services Company, and of no other debtors.  The
Committee has selected Morrison & Foerster LLP and Polsinelli PC
for representation in this high-profile energy restructuring.  The
lawyers working on the case are James M. Peck, Esq., Brett H.
Miller, Esq., and Lorenzo Marinuzzi, Esq., at Morrison & Foerster
LLP; and Christopher A. Ward, Esq., Justin K. Edelson, Esq., Shanti
M. Katona, Esq., and Edward Fox, Esq., at Polsinelli PC.

                          *     *     *

In December 2015, the Bankruptcy Court confirmed the Debtors' Sixth
Amended Joint Plan of Reorganization.  In May 2016, certain first
lien creditors of TCEH delivered a Plan Support Termination Notice
to the Debtors and the other parties to the Plan Support Agreement,
notifying the parties of the occurrence of a Plan Support
Termination Event.  The delivery of the Plan Support Termination
Notice caused the Confirmed Plan to become null and void.

Following the occurrence of the Plan Support Termination Event as
well as the termination of a roughly $20 billion deal to sell the
Debtors' stake in Oncor Electric Delivery Co., the Debtors filed
the Plan of Reorganization and the Disclosure Statement with the
Bankruptcy Court on May 1, 2016.  On May 11, they filed an amended
joint plan of reorganization and a related disclosure statement.

In June 2016, Judge Sontchi approved the disclosure statement
explaining Energy Future Holdings Corp., et al.'s second amended
joint plan of reorganization of the TCEH Debtors and the EFH Shared
Services Debtors.

On Aug. 27, 2016, Judge Sontchi confirmed the Chapter 11 exit plans
of two of Energy Future Holdings Corp.'s subsidiaries, power
generator Luminant and retail electricity provider TXU Energy Inc.


ENUMERAL BIOMEDICAL: Unit Extends NCI Contract Until March 2017
---------------------------------------------------------------
Enumeral Biomedical Corp., a wholly owned subsidiary of Enumeral
Biomedical Holdings, Inc., entered into an Amendment of
Solicitation/Modification of Contract with the National Cancer
Institute related to that certain Award/Contract, dated as of Sept.
10, 2014, between Enumeral and NCI.  Pursuant to the terms of the
Amendment, the period of performance under the NCI Contract is
extended to March 15, 2017.

                        About Enumeral

Enumeral Biomedical Holdings, Inc., is engaged in the discovery of
monoclonal antibodies and other novel biologics for the diagnosis
and treatment of cancer, infectious and inflammatory diseases.  The
Company is currently focused on developing next generation
antibodies that are more precise in their effects on tumor- and
tissue-inflitrating lymphocyte functions via modulation of
regulatory proteins known as checkpoints.

As of June 30, 2016, Enumeral had $3.49 million in total assets,
$3.31 million in total liabilities and $172,770 in total
stockholders' equity.

Enumeral reported net income of $3.29 million in 2015 following a
net loss of $8.17 million in 2014.

Friedman LLP, in New York, New York, issued a "going concern"
qualification on the consolidated financial statements for the year
ended Dec. 31, 2015, citing tha the Company has recurring losses
which raise substantial doubt about its ability to continue as a
going concern.


EPICENTER PARTNERS: Hires Beus Gilbert to Assist in Re-Zoning
-------------------------------------------------------------
Epicente Partners, LLC and its debtor-affiliates seek permission
from the U.S. Bankruptcy Court for the District of Arizona to
employ Beus Gilbert PLLC as professionals used in the ordinary
course of business.

The Debtor will require the service of the Beus Gilbert while
operating as debtors-in- possession under the Bankruptcy Code to
enable the Debtors to continue normal business activities that are
essential to their businesses and to their reorganization efforts.

Specifically, the Debtors need the services of Beus Gilbert to
assist in rezoning and obtaining other development entitlements,
including without limitation representation before the Arizona
State Land Department and the City of Phoenix.  The Debtors
continue to require the ongoing services of Beus Gilbert through
the course of this Bankruptcy Case.

Beus Gilbert will be paid at these hourly rates:

     Members                             $335-$635
     Associates                          $185-$210
     Planning Consultants                $230-$245
     Assistant Planning Consultants      $110
     Paralegals                          $175-$205
     Project Assistants                  $55-$100
     Support Staff Overtime              $18-$53

All fees and costs incurred by the Beus Gilbert shall be paid as
administrative expenses by the Debtors in accordance with
Bankruptcy on terms set forth by the Bankruptcy Court.

Franklyn D. Jeans, Esq., member at the law firm of Beus Gilbert
PLLC, assured the Court that the firm is a "disinterested person"
as the term is defined in Section 101(14) of the Bankruptcy Code
and does not represent any interest adverse to the Debtors and
their estates.

Beus Gilbert may be reached at:
    
      Franklyn D. Jeans, Esq.
      Beus Gilbert PLLC
      701 North 44th St.,
      Phoenix, AZ 85008
      Phone: 480-429-3000
      Fax: 480-429-3100
      E-mail: fjeans@buesgilbert.com

                  About Epicenter Partners



Epicenter Partners LLC and Gray Meyer Fannin LLC sought
protection under Chapter 11 of the Bankruptcy Code (Bankr. D. Ariz.
Lead Case No. 16-05493) on May 16, 2016.  GMF came into existence
in 2001.  It was originally formed for the purpose of providing
development services for affiliates.  Epicenter came into
existence in 2004. It was formed for the purposes of acquiring,
managing, selling or holding land for investment.  Both Debtors
are fully owned by Gray/Western Development Company and managed,
pursuant to that entity, by Bruce Gray.



The Debtors tapped Thomas J. Salerno, Esq., at Stinson
Leonard
Street, LLP, as their Chapter 11 counsel.



Epicenter Partners disclosed $143,212,665 in assets and
$66,913,279 in liabilities.



The Office of the U.S. Trustee on June 15, 2016, appointed
five
creditors of Epicenter Partners LLC and Gray Meyer Fannin
LLC to serve on the official committee of unsecured
creditors.  The
 Committee is represented by Michael W. Carmel,
Ltd., as counsel.



ERF WIRELESS: Taps AEI to Evaluate Options, Mulls Restructuring
---------------------------------------------------------------
ERF Wireless Inc. on Sept. 15, 2016, disclosed that it intends to
engage the firm of Asset Econometrics Inc. (AEI), a Dallas-based
turnaround and workout company, to evaluate the company and its
options regarding the possibility of debt restructuring and/or
bankruptcy.  The company has significantly declined due to the
major drop in oil prices and has over the past two years sold off
some of its assets to shed itself of a major debt burden but
continues to be in financial distress.  In addition to the
evaluation of the company's current options, AEI will also provide
its suggestions to the company as to how it may move forward in the
future.  AEI will also be talking to the creditors of the company
to assess the possibility of completing a non-judicial
restructuring without the necessity of a Chapter proceeding.

                        About ERF Wireless

Based in League City, Texas, ERF Wireless, Inc. (OTC PINK: ERFB)
provides secure, high-capacity wireless products and services to a
broad spectrum of customers in primarily underserved, rural and
suburban parts of the United States.

ERF Wireless reported a net loss attributable to the company of
$7.26 million in 2013, a net loss of $4.81 million in 2012, and a
net loss of $3.37 million in 2011.

As of Sept. 30, 2014, the Company had $3.59 million in total
assets, $10.4 million in liabilities, and a $6.84 million
shareholders' deficit.


ERNETTE MARTIN: Hearing on Disclosures Set For Oct. 18
------------------------------------------------------
The Hon. John K. Olson of the U.S. Bankruptcy Court for the
Southern District of Florida has set for Oct. 18, 2016, at 10:30
a.m. the hearing to consider the adequacy of Ernette V. Martin's
disclosure statement explaining the Debtor's Chapter 11 plan.

Objections to the Disclosure Statement must be filed by Oct. 11,
2016.

The Debtor filed a Chapter 11 plan of reorganization that will set
aside $5,000 to pay general unsecured creditors.

Under the plan, general unsecured creditors will share pro rata in
a total distribution of $5,000.  These creditors will receive a
quarterly payment of $250 for a period of five years, with the
first payment due on the first day of the month following the
effective date of the plan.

The funds to make the initial payments will come from the Debtor's
bank account.  Funds to be used to make cash payments will come
from the Debtor's investment properties, and income from
employment, according to the Debtor's disclosure statement
detailing the plan.

A copy of the disclosure statement is available for free at  
https://is.gd/uT6Q4i

Ernette V. Martin filed for Chapter 11 bankruptcy protection
(Bankr. S.D. Fla. Case No. 16-13031) on March 2, 2016.  The Debtor
is represented by Chad T. Van Horn, Esq., at Van Horn Law Group,
P.A., in Fort Lauderdale, Florida.


EUROMODAS INC: Unsecured Creditors to Get 5% Under Exit Plan
------------------------------------------------------------
General unsecured creditors of Euromodas, Inc., will get 5% of
their claims under the company's proposed plan to exit Chapter 11
protection.

Under the restructuring plan, holders of general unsecured claims
of $50,000 or less, will be paid 5% of their claims on the
effective date of the plan.  These creditors will receive cash
payments.

Meanwhile, general unsecured creditors with claims over $50,000,
will be paid 5% of their claims through 60 equal consecutive
monthly installments of $467, commencing on the effective date of
the plan and continuing on the 30th day of the subsequent 59
months.

General unsecured creditors assert a total of $1.28 million.

The Debtor will pay creditors from the cash resulting from its
operations, according to the disclosure statement filed with the
U.S. Bankruptcy Court for the District of Puerto Rico.

A copy of the disclosure statement is available for free at
https://is.gd/b0fCkK

The Debtor is represented by:

     Enrique M. Almeida-Bernal
     Almeida & Davila, PSC
     P.O. Box 191757
     San Juan, PR 00919-1757
     Tel : 787-722-2500
     Fax: 787-777-1376
     Email: info@almeidadavila.com

                        About Euromodas Inc.

Euromodas, Inc. sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. D. P.R. Case No. 15-09174) on November 19,
2015.  The petition was signed by Juan Carlos Castiel Diaz,
president.  

At the time of the filing, the Debtor estimated its assets at
$100,000 to $500,000 and debts at $1 million to $10 million.


EXOTICA ACADEMY: Wants 60-Day Exclusivity Periods Extension
-----------------------------------------------------------
Exotica Academy, Inc. asks the U.S. Bankruptcy Court for the
Southern District of Florida to extend its exclusive periods to
file a chapter 11 plan and solicit acceptances to the plan, for an
additional 60 days.

The Debtor's exclusive period to file a chapter 11 plan was slated
to expire on September 16, 2016, and its exclusive period to
solicit acceptances to the plan is slated to expire  November 15,
2016, respectively.

The Debtor owns a commercial building located at 6229 Miramar
Parkway, Miramar, Florida, where it operated its hair stylist
training academy pre-petition.

The Debtor relates that it has entered into a Court-approved
purchase and sale contract, for the sale of its property in an
amount sufficient to pay off all liens in full.  The Debtor further
relates that the sale is expected to close by early October, 2016.

The Debtor tells the Court that the section 341 meeting of
creditors was held and concluded on February 19, 2016.  The Debtor
further tells the Court that the pre-petition claims bar date was
May 19, 2016.

The Debtor contends that sufficient cause exists to extend its
statutory exclusive periods to file the plan and disclosure
statement and to obtain the requisite acceptances of the plan based
upon the Debtor's Court-approved section 363 sale of its property
expected to close within three weeks with all liens paid off at
closing.

                   About Exotica Academy, Inc.

Exotica Academy, Inc., owns a commercial building located at 6229
Miramar Parkway, Miramar, Florida, where it operated its hair
stylist training academy pre-petition.  It filed for Chapter 11
bankruptcy protection (Bankr. S.D. Fla. Case No. 16-10749) on Jan.
19, 2016.  The petition was signed by Sandra McCrea, president.
The Debtor is represented by Nathan G. Mancuso, Esq., at Mancuso
Law, P.A.  The Debtor estimated assets at $500,001 to $1 million
and liabilities at $100,001 to $500,000 at the time of the filing.


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

Falcon Genomics, Inc. sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. W. D. Pa. Case No. 16-23254) on September
1, 2016.  The petition was signed by Rula Abbud-Antaki, president.


The case is assigned to Judge Carlota M. Bohm.  The Debtor is
represented by Christopher M. Frye, Esq., and Kenneth Steidl, Esq.,
at Steidl & Steinberg.

At the time of the filing, the Debtor estimated its assets at $10
million to $50 million and debts at $100,000 to $500,000.


FINJAN HOLDINGS: Awarded U.S. Patent for Malicious Mobile Code
--------------------------------------------------------------
Finjan Holdings, Inc., and its subsidiary Finjan, Inc., announced
that on Sept. 13, 2016, the United States Patent & Trademark Office
issued U.S. Patent No. 9,444,844 to Finjan, entitled "Malicious
Mobile Code Runtime Monitoring System and Methods."

"Like our core patented technologies that provide multiple layers
of cyber protection, the grant of our 28th U.S. patent adds another
layer of protection to our on-going innovations.  Moreover, it
demonstrates that Finjan's technology remains relevant,
sustainable, worthy of protection, and valuable," commented Julie
Mar-Spinola, Finjan Holding's chief IP officer.

                        About Finjan

Finjan, formerly known as Converted Organics, is a leading online
security and technology company which owns a portfolio of patents,
related to software that proactively detects malicious code and
thereby protects end-users from identity and data theft, spyware,
malware, phishing, trojans and other online threats.  Founded in
1997, Finjan is one of the first companies to develop and patent
technology and software that is capable of detecting previously
unknown and emerging threats on a real-time, behavior-based basis,
in contrast to signature-based methods of intercepting only known
threats to computers, which were previously standard in the online
security industry.

Finjan Holdings reported a net loss of $12.6 million in 2015, a
net loss of $10.5 million in 2014 and a net loss of $6.07 million
in 2013.

As of June 30, 2016, the Company had $20.4 million in total
assets, $4.32 million in total liabilities, $14.97 million in
redeemable preferred stock and $1.12 million in total stockholders'
equity.


FIRED UP: Sale of Used Equipment in Katy for $17K Approved
----------------------------------------------------------
Judge Tony M. Davis of the U.S. Bankruptcy Court for the Western
District of Texas authorized Fired Up, Inc., to sell used equipment
located at 21875 Katy Freeway, Katy, Texas, to Wholesale Restaurant
Supply for $17,105.

The sale is free and clear of liens, claims and encumbrances.

The Debtor will segregate and hold the sum of $2,821 representing
the estimated 2016 ad valorem taxes that will be owed to the Harris
County taxing authorities and $534 representing the estimated 2016
ad valorem taxes that will be owed to Interstate Municipal Utility
District pending further order of the Court.

The 14-day stay of Rule 6004(h) of the Federal Rules of Bankruptcy
Procedure is waived.

                     About Fired Up, Inc.

Fired Up, Inc., the Austin, Texas-based owner and operator of the
Johnny Carino's Italian restaurant chain, sought Chapter 11
bankruptcy protection (Bankr. W.D. Tex. Case No. 14-10447) on March
27, 2014, in Austin, Texas.  It estimated assets and debt of $10
million to $50 million.

As of the bankruptcy filing, Fired Up had 2,900 employees and owned
and operated 46 company-owned stores known as Johnny Carino's
Italian in seven states (Texas, Arkansas, Colorado, Louisiana,
Idaho, Kansas and Missouri) and 61 franchised or licensed locations
in 17 states and four other countries (Bahrain, Dubai, Egypt and
Kuwait).

The Debtor disclosed $10,360,877 in assets and $36,139,375 in
liabilities.

The Debtor is represented by Barbara M. Barron, Esq. and Lynn
Saarinen, Esq., at Barron & Newburger, P.C., in Austin.

The U.S. Trustee appointed a seven-member Official Committee of
Unsecured Creditors.  The Committee tapped Pachulski Stang Ziehl &
Jones LLP as its counsel, and FTI Consulting, Inc., as its
financial advisor.


FLAVORS HOLDINGS: S&P Lowers CCR to 'B-', Outlook Negative
----------------------------------------------------------
S&P Global Ratings lowered its corporate credit rating on Flavors
Holdings Inc. to 'B-' from 'B'.  The outlook is negative.

At the same time, S&P lowered its issue-level ratings on the
company's $50 million senior secured revolving credit facility due
2019 and $350 million senior secured first-lien term loan due 2020
to 'B-' from 'B+'.  S&P revised the recovery ratings to '3',
indicating its expectations for meaningful (50% to 70%, upper half
of the range) recovery in the event of a payment default, from '2'.


S&P also lowered its issue-level rating on the company's
$50 million senior secured second-lien term loan due 2021 to 'CCC+'
from 'B'.  S&P revised the recovery rating to '5', indicating its
expectations for modest (10% to 30%, upper half of the range)
recovery in the event of a payment default, from '4'.

Adjusted debt for the 12 months ended June 30, 2016, was
$400 million.

The downgrade and negative outlook reflect Flavors' weak financial
flexibility and S&P's estimation that the company will not meet its
first-lien net leverage covenant when it steps down to 5x in the
first quarter of 2017.  S&P estimates its covenant cushion will be
0%-5% for the year-end 2016 before the covenant step-down. In
addition, S&P expects external liquidity sources to tighten as the
company borrows over $40 million under its $50 million committed
revolving credit facility in 2016 to invest in branding efforts for
its stevia-based sweetener product, Whole Earth.  These factors
make it imperative that the company execute on its strategy to grow
its sweetener business, a strategy it has not been successful at in
the past, or else it will have trouble repaying the borrowings
under the revolving credit facility, leading to continued
constrained liquidity.  Moreover, S&P believes it will likely need
to amend its credit facility to loosen covenant levels.

S&P revised the recovery ratings due to its revision down of the
valuation of the company to about $246 million (from $289 million
previously), representing a fixed-charge proxy valuation approach
as the company is now rated 'B-' and closer to default.

The negative outlook reflects the likelihood that S&P could lower
the rating over the next 12 months if the company is unable to
widen the cushion to its convenient to at least 10%, or if it does
not receive an amendment from its banks to loosen the covenants on
its credit facility, continues to generate negative free operating
cash flow, or if revolver borrowings are above S&P's expectations,
leading to further constrained liquidity.

S&P could revise the outlook to stable if the company improves
financial flexibility by reducing its borrowings under its
revolving credit facility, receives an amendment to loosen its
covenants such that it can sustain covenant cushion at least at
10%, and is able to generate positive free operating cash flow.
S&P believes it can also alleviate its liquidity issues if the
company is successful at its Whole Earth and growth strategy and
EBITDA exceeds S&P's base-case assumptions.


FOODSERVICEWAREHOUSE.COM: Selling Loubat Marks for $1.5K
--------------------------------------------------------
FoodServiceWarehouse.com, LLC, asks the U.S. Bankruptcy Court for
the Eastern District of Louisiana to authorize the sale of
intellectual property that is associated with Loubat Equipment Co.,
Inc., to Richard's Restaurant Supply for $1,500.

In October 2013, the Debtor purchased Loubat, a supply business
that sold glassware, equipment and small wares to restaurants.
Loubat operated in the greater New Orleans area.  After the
acquisition, the business was not operating at a profit, and the
Debtor made the business decision to cease operations.

In summary, the assets to be sold to Richard's Restaurant Supply
include:

   a. operating names: (i) Loubat; (ii) Loubat – Zulli; (iii)
Loubat Equipment Co.; (iv) The Loubat Glassware & Cork Co.; and (v)
Loubat Hotel & Restaurant Supply Co.;

   b. domain names: (i) loubat-zulli.com; (ii) loubat.com; (iii)
loubatzulli.com; (iv) loubatzulli.net; (v) zoubat.com; (vi)
zoubat.net; (vii) zulbat.com; and (viii) zulbat.net; and

   c. trade names registered with the Louisiana Secretary of State:
(i) Loubat Caire Hotel & Restaurant Supply, Inc.; (ii) Loubat
Glassware & Cork Co., Ltd.; and (iii) Loubat Hotel & Restaurant
Supply Co.

The proposed sale of the Purchase Assets is fair and reasonable and
is the result of an arm's-length negotiation between the parties.
The Debtor asserts that selling the Purchased Assets is an exercise
of the Debtor's best business judgment.  As the Debtor closed its
Loubat division before the Petition Date and had suspended use of
the Purchase Assets.  The sale is a benefit as it provides funds
for the estate.

                  About FoodServiceWarehouse.com

FoodServiceWarehouse.com, LLC, sought protection under Chapter 11
of the Bankruptcy Code (Bankr. E.D. La. Case No. 16-11179) on May
20, 2016.  The petition was signed by Thomas Kim, chief
restructuring officer.

The Debtor tapped Barry W. Miller, Esq., at Heller, Draper,
Patrick, Horn & Dabney, L.L.C., as counsel; r2 Advisors, LLC as
financial advisor; HyperAMS, LLC, as liquidation consultant; and
Donlin, Recano & Company, Inc., as its claims, noticing and
solicitation agent.

The case is assigned to Judge Elizabeth Magner.

No trustee has been appointed and no official committee has been
established in the case.

The Debtor estimated assets and liabilities in the range of
$10 million to $50 million.


FOODSERVICEWAREHOUSE.COM: Selling SubTech Assets for $200K
----------------------------------------------------------
FoodServiceWarehouse.com, LLC, asks the U.S. Bankruptcy Court for
the Eastern District of Louisiana to authorize the Purchase and
Assumption of Unexpired Leases Agreement ("APA") between the
Debtor, the Debtor's wholly owned subsidiary, FSW SubTech Holdings,
LLC, doing business as Sub-Technologies, Inc., and PKS SubTech,
LLC, for the sale of all FSW SubTech Holdings rights, title and
interest in the assets listed in the APA for $200,000, or such
other price if a higher price is obtained at the hearing.

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

   http://bankrupt.com/misc/FoodServiceWarehouse_233_Sales.pdf

The Debtor, an online retailer of foodservice equipment and
supplies, is in the process of liquidating its assets including its
inventory in the most efficient and profitable manner, which
requires it to sell its inventory quickly in order to avoid its
operational costs.

On July 13, 2015, the Debtor formed FSW SubTech Holdings under the
laws of Delaware, as wholly owned subsidiary of the Debtor.  It was
created to acquire significantly all the assets of
Sub-Technologies, Inc., which included the accounts receivable,
inventory, fixed assets, intellectual property, domain names,
accounts payable, and customer deposits.  The consideration paid
for the purchase was zero because the value of the assumed
liabilities exceeded the value of the assets.  The Debtor owns 100%
of FSW SubTech Holdings.  FSW Subtech Holdings operates on its own
revenue base and independent management and employee team. FSW
Subtech Holdings operates out of a warehouse/office leased from the
former owner, located in a Lee's Summit Missouri industrial park
with approximately 17,400 square feet and leases warehouse space of
2,300 square feet in Toronto, Canada, to serve the Canadian
market.

FSW SubTech Holdings is an authorized distributor through which
SUBWAY franchisees can purchase approved proprietary small wares
for use in the SUBWAY chain of restaurants -- that is the small
wares are manufactured for and can only be purchased by a SUBWAY
franchisee.  It is one of two distributors authorized to sell to
the SUBWAY restaurants.  Majority of the sales are through
catalogue purchases.  Jason Scarborough is the primary contact with
SUBWAY and has a close relationship with SUBWAY.

Also, Sub-Tech, Inc., established a Public Kitchen Supply Web-site
in the first quarter of 2013 to market commercial kitchen supplies
to non-SUBWAY customers using the existing distribution supply
chain.  It also distributes Keurig commercial coffee to other
restaurant chains.  However, these non-subway sales are only a
minor portion of the business.

Sub-Tech, Inc., is a party to a lease with bcIMC Realty Corp. The
lease was assigned to FSW SubTech Holdings. The property is located
at 1535 Meyerside Drive, Unit 2, Mississauga, Ontario, Canada, L5t
1M9.  The building space is used as a warehouse to store inventory
and for office space.  The lease with bcIMC Realty will be assigned
to the Buyer under the APA.

Sub-Tech, Inc., is also a party to a lease with Wells Realty,
L.L.C., dated Aug. 23, 2013.  The lease was assigned to and assumed
by FSW SubTech Holdings.  The leased property is located at 2301 NE
Independence Ave., Lee's Summit, MO.  The property serves as a
warehouse for inventory and for office space.  The lease with Wells
Realty will be assigned to the Buyer under the APA.

Sub-Tech, Inc., also leased a Xerox Workcentre from Balboa Capital
Corp.  The lease was assumed by FSW SubTech Holdings.  The lease
with Balboa Capital will be assigned to the Buyer under the APA.

The landlords and the lessor have indicated no opposition to the
Seller for the assumption and assignment of the lease.  To the
extent that there are any costs pursuant to Section 365 of the
Bankruptcy Code associated with assuming the lease, such costs, if
any, will be paid by the Buyer.

Scarborough has been acting as the chief executive officer of FSW
SubTech Holdings since its inception.  Scarborough is also a member
of the Buyer and will act as the chief executive officer of the
Buyer when it becomes operational.  The Buyer has been established
specifically by Scarborough and Anthony Kelley for the purpose of
acquiring the property from the Seller.  Kelley has served as the
controller of FSW SubTech Holdings and will be employed by the
Buyer as its controller subsequent to the sale.  Kelley and
Scarborough are the members of the Buyer.  FSW SubTech Holdings
will cease operations after the sale.

If one or more offers, subject to the request by the Buyer, are
received at or prior to the hearing on the Motion, such offer needs
to acceptable to the Debtor and the Court and the Court will
determine the prevailing offer.  However, under the agreement with
SUBWAY to sell proprietary small wares to independent franchisees,
such third party offeree must be an approved purchaser by SUBWAY.
The Buyer and all of those parties that have submitted an offer may
participate in the bidding to be conducted by the Court during the
hearing on the Motion.

At the Closing, the Buyer will assume, and thereafter pay, perform
and discharge only such liabilities that relate to the property
being acquired and the leases being assumed.  The Debtor will
retain, and remain liable and obligated for any of its respective
liabilities not otherwise expressly included in the assumed
liabilities.

It is the Debtor's understanding that majority of the inventory of
FSW SubTech Holdings can only be purchased by SUBWAY franchisees.
An analysis of the inventory indicates that approximately half of
the items turn over less than once per year.  There are items that
are for sale to other restaurant chains, but such items are a small
percentage of the over-all inventory.  Thus, as certain items can
only be purchased by SUBWAY franchisees and little inventory
available for a public liquidation, a global sale is a better
option over a liquidation of the inventory.

All of the proceeds from the sale will be paid to the Debtor by the
Buyer and will be distributed in accordance with further order of
the Court or pursuant to a confirmed plan of reorganization. The
Debtor is not aware of a security interest asserted against the
Seller as filed by IberiaBank and/or Pride.  The Debtor performed a
UCC-1 search for Colorado, Delaware and Missouri which indicated no
filed UCC-1 or liens against FSW SubTech Holdings. Accordingly, the
Debtor, as the owner of FSW SubTech Holdings is the proper party to
receive the proceeds of the sale, free and clear of any liens or
encumbrances.

The Debtor requests that the Court find that the terms and
conditions of the APA are an integral part of the sale of the
property.  The Debtor requests that the Court declare that, without
limiting the generality of the foregoing, the Order will constitute
all approvals and consents, if any, required by law, with respect
to the implementation and consummation of the APA and the Order and
the transactions contemplated and authorize Katherine Young, as CEO
of the Debtor, to execute any and all documentation contemplated by
the APA on behalf of the Seller.

Furthermore, the Debtor requests that the Court provide for a
waiver of the fourteen-day stay of the order approving the sale of
the purchased assets under Rule 6004(h) of the Federal Rules of
Bankruptcy Procedure such that the sale of the property to the
Buyer can close as quickly as possible.

The Purchaser can be reached at:

          PKS-SUBTECH, LLC
          2301 N. E. Independence
          Lee's Summit, MO 64064

                  About FoodServiceWarehouse.com

FoodServiceWarehouse.com, LLC, sought protection under Chapter 11
of the Bankruptcy Code (Bankr. E.D. La. Case No. 16-11179) on May
20, 2016.  The petition was signed by Thomas Kim, chief
restructuring officer.

The Debtor tapped Barry W. Miller, Esq., at Heller, Draper,
Patrick, Horn & Dabney, L.L.C., as counsel; r2 Advisors, LLC as
financial advisor; HyperAMS, LLC, as liquidation consultant; and
Donlin, Recano & Company, Inc. as its claims, noticing and
solicitation agent.

The case is assigned to Judge Elizabeth Magner.

No trustee has been appointed and no official committee has been
established in the case.

The Debtor estimated assets and liabilities in the range of
$10 million to $50 million.


FOUR DIA: Can Use Cash Collateral Through Sept. 30
--------------------------------------------------
Judge Harlin DeWayne Hale of the U.S. Bankruptcy Court for the
Northern District of Texas authorized Four Dia, LLC  to use cash
collateral through Sept. 30, 2016.       

CapitalSpring SBLC, LLC was granted with replacement liens to the
extent of any diminution in the value of the prepetition collateral
or the net loss of cash collateral used by the Debtor, and a
superpriority expense claim to the extent that the replacement
liens are found by the Court to be insufficient to provide
CapitalSpring with adequate protection.

The approved Budget provides for total operating expenses of
$77,846.33, covering the period beginning September 2, 2016 and
ending on September 30, 2016.

A final hearing on the Debtor’s use of cash collateral is
scheduled for Oct. 17, 2016 at 9:00 a.m.  The deadline for the
filing of objections to the Debtor’s use of cash collateral is
set on Oct. 10, 2016.

A full-text copy of the Interim Order, dated September 8, 2016, is
available at https://is.gd/uiXE6Z


                     About Four Dia, LLC                        

Four Dia, LLC, filed a chapter 11 petition (Bankr. N.D. Tex. Case
No. 16-33459-11) on Sept. 2, 2016.  The Debtor is represented by
Russell W. Mills, Esq., at Hiersche, Hayward, Drakeley & Urbach,
P.C.  The case is assigned to Judge Harlin DeWayne Hale.

Four Dia was formed on October 8, 2014 as a Texas limited liability
company and continues to operate using that corporate structure.
It operates a 62-room hotel located at 5750 Sherwood Way in San
Angelo, Texas which is operated under a Wyndham Hotel Group
franchise. Four Dia employs approximately 16 persons on a full or
part-time basis.


FULLCIRCLE REGISTRY: Appoints Findley as CEO and Long as CFO
------------------------------------------------------------
FullCircle Registry, Inc.'s Board of Directors appointed Jon R.
Findley, 64, as chief executive officer of the Company.  Mr.
Findley will also serve as chief executive officer of the Company's
fully-owned subsidiary FullCircle Entertainment, Inc. The Board
also appointed Matthew T. Long, 41, to serve as president and chief
financial officer.

Mr. Findley had worked closely with Norman L. Frohreich in
developing strategies to transition the Georgetown 14 Cinemas in
Indianapolis, Indiana to a dine-in theater operation.  Mr.
Frohreich, the Company's previous president, chief executive
officer and chief financial officer, died on Aug. 16, 2016, from
heart complications.  Georgetown 14 Cinemas is owned and operated
by FullCircle Entertainment, Inc. Mr. Findley will supervise the
dine-in theater transition and guide Georgetown 14 Cinemas to
realize its full potential.

Mr. Findley has served as an executive in the real estate
development, financial services, and broadcast and television
industries.  Immediately prior to being appointed to his present
position with the Company, he has been Principal of Stage 1
Development, LLC and Principal of Jigsaw Financial, LLC.  At Stage
1 Development, which he formed in December of 2015, Mr. Findley
managed financial analysis, strategic business planning, site
acquisition, capital financing and project management for new real
estate development projects.  At Jigsaw Financial, which he formed
in February 2014, Mr. Findley served as lead Financial Planner.
From February 2009 until February 2014, Mr. Findley was a Financial
Planner with Prudential Financial.  Prior to 2009, Mr. Findley
served as President and Chief Executive Officer for Smart TV, Inc.
(digital television advertising); as Vice President of Programming
& Production for VH-1/MTV Networks; and as Program Director for Fox
Television Stations, Inc. in New York and Dallas. At VH-1, Mr.
Findley supervised development of original programming, program
production, news operations and on-air personnel with an annual
operating budget of $30 million.  With Fox Television, Mr. Findley
supervised program scheduling, film and television program
acquisition as well as on-air talent, creative services, public
affairs, and production personnel.

Mr. Findley will be granted a signing bonus of 2.5 million
restricted shares of Common Stock of FullCircle Registry, Inc. to
be issued on or before September 30, 2016.  Also, he will be
compensated $1,500.00 per bi-weekly pay period, or $39,000.00 per
year in addition to performance-based compensation in the form of
restricted shares in an amount to be determined at a later date.  A
salary review will be conducted every six months to determine
possible additional compensation for the CEO based on meeting
certain performance expectations.     

Mr. Long had served in the position of executive assistant to Mr.
Frohreich, the president of FullCircle Registry, Inc., since
January 2011 and has been directly involved with the Company's
financial operations.  In his previous position with the Company,
Mr. Long was responsible for the accounting operations and
preparation of the financial statements for both FullCircle
Registry, Inc. and FullCircle Entertainment, Inc.  Mr. Long served
previously as the Accounting Director for a National Debt
Settlement Law Firm and as chief financial officer for Cumberland
Falls State Resort Park located in Corbin, Kentucky.  Mr. Long is a
graduate of Indiana University -- Bloomington (December 2000),
where he earned a Bachelor of Arts Degree in Political Science & a
Minor in Business Administration.

Mr. Long will be compensated $1,900.00 per bi-weekly pay period, or
$49,400.00 per year in addition to possible performance-based
compensation in the form of restricted shares of FullCircle
Registry, Inc. in an amount to be determined at a later date.


Together, Mr. Findley and Mr. Long are focused on maximizing value
for the Company's shareholders.

                      About FullCircle Registry

Shelbyville, Kentucky-based FullCircle Registry, Inc., targets the
acquisition of small profitable businesses.  FullCircle Registry,
Inc., has become a holding company with three subsidiaries.  They
are FullCircle Entertainment, Inc., FullCircle Insurance Agency,
Inc. and FullCircle Prescription Services, Inc.  Target companies
for future acquisition are those in search of exit plans for the
owners and are intended to continue autonomous operations as
current ownership is phased out over a period of 3-5 years.

FullCircle reported a net loss of $696,000 on $1.14 million of
revenues for the year ended Dec. 31, 2015, compared to a net loss
of $653,000 on $1.49 million of revenues for the year ended
Dec. 31, 2014.

Somerset CPAs, P.C., in Indianapolis, Indiana, issued a "going
concern" qualification on the consolidated financial statements for
the year ended Dec. 31, 2015, citing that the Company has suffered
recurring losses from operations and has a net capital deficiency
that raises substantial doubt about its ability to continue as a
going concern.


FUNCTION(X) INC: To Effect a 1-for-20 Reverse Stock Split
---------------------------------------------------------
Function(x) Inc. announced a reverse stock split of its shares of
common stock at a ratio of 1-for-20 shares effective when the
market opens on Sept. 16, 2016.  At the market open on Friday,
Sept. 16, 2016, the Company's common stock began trading on a
split-adjusted basis, under the same trading symbol, FNCX.

As a result of the reverse split, each 20 pre-split shares of
common stock outstanding will automatically combine into one new
share of common stock without any action on the part of the
holders.  The reverse split will also apply to common stock
issuable upon the exercise of the Company's outstanding warrants
and stock options.

As a result of the reverse stock split, the Company's issued and
outstanding shares of common stock will decrease to approximately
3,023,753 shares, post-split, from approximately 60,475,058 shares,
pre-split.  No fractional shares will be issued as a result of the
reverse split.  Owners of fractional shares outstanding after the
reverse stock split will be paid cash for such fractional
interests.

The reverse split was approved by the Company's Board of Directors
on Sept. 9, 2016, in part, to enable the Company to regain and
maintain compliance with the minimum closing bid price of $1.00 per
share for continued listing on The Nasdaq Capital Market.
Robert F.X. Sillerman, executive chairman and chief executive
officer, said, "With this reverse stock split, we expect to satisfy
Nasdaq's minimum bid price requirement and to maintain compliance
with that requirement as we move forward with the development of
our business.  We are highly confident about the long-term
prospects of our Company as we continue to make Function(x) a
premier destination for digital content consumption."

Additional information about the reverse stock split can be found
in the Company's definitive proxy statement filed with the
Securities and Exchange Commission on Sept. 16, 2016, a copy of
which is available at www.sec.gov.

                     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.


G-III APPAREL: S&P Assigns 'BB-' CCR, Outlook Stable
----------------------------------------------------
S&P Global Ratings said that it assigned its 'BB-' corporate credit
rating to New York, N.Y.-based G-III Apparel Group Ltd.  The
outlook is stable.

At the same time, S&P assigned its 'BB+' issue-level rating and '1'
recovery rating to the proposed $350 million first-lien term loan,
which indicates S&P's expectation for investors to receive very
high (90%-100%) recovery in the event of payment default.  The
upsized $650 million asset-based revolving commitment and new $75
million junior secured seller note are not rated.

S&P estimates the company's adjusted debt is approximately
$990 million at closing, which includes our adjustments for
operating leases.

The rating on G-III Apparel reflects its diverse portfolio of
apparel brands (licensed and owned) with good brand strength,
mainly in women's wear, and its participation in the highly
competitive apparel industry where success is measured by the
ability to manage fashion risk and brand equity.  It also reflects
G-III Apparel's financial leverage at around 4x post-closing of
DKI, which S&P expects will gradually reduce in coming years.

DKI will increase the contribution from owned brands in the
portfolio, which has been skewed toward licensed brands (Calvin
Klein in particular), and, if successfully integrated, should
contribute to improved EBITDA margins over time.  Given that owned
brands generally have higher margins, the company will be able to
capture the full margin that excludes the brand license fee
expense.  However, DKI requires significant turnaround, as it is
currently loss-making and underperforming, which increases
integration and acquisition risks in the coming years.

Pro forma for the DKI acquisition, debt to EBITDA and funds from
operations (FFO) to debt will weaken in 2016 to near 4x and 20%,
respectively, from about 1x and 90% in 2015.  S&P expects these
measures to strengthen toward 3.5x and 20% in 2017, primarily
because S&P thinks G-III Apparel will be able to restore
profitability at DKI while maintaining adequate operational
performance in its remaining portfolio.

G-III's apparel portfolio includes outerwear, dresses, sportswear,
woman's handbags, and shoes.  Its main brand is Calvin Klein
(mainly in women's wear), which it licenses from PVH until 2023 and
which S&P expects will contribute about 40% of revenues in 2016.
Other main brands include Tommy Hilfiger (licensed), Bass, and
Wilsons Leather.  The company has never had a significant license
terminated and there are no near-term license renewals, which
support the business risk profile.  G-III Apparel has good scale,
with pro forma revenue of about $2.8 billion and the ability to
quickly respond to national retailers.  Macy's is the largest
client, representing about 20% of revenue but the company has broad
distribution among a variety of price channels.

S&P expects licensed brands will contribute about 61% of revenues
in 2016, but reduce to mid- to low-50% area as DKI starts to
contribute and grow revenues.  S&P believes this supports improved
brand diversification and the potential for higher operating
margins over time.  In addition, S&P considers the company has
strong design capability to deliver products with the look and feel
of the underlying brand, at appropriate price points, and the
ability to manage inventory throughout the seasonal cycle.

S&P expects the company will be able to revitalize the DKI brand
over time and broaden the DKI product assortment with mainstream
price points.  S&P notes that DKI struggled under prior ownership
amid stiff competition and a focus on luxury products.  S&P also
expects the DKI brand will contribute to increasing profitability
beginning in 2018.  Nevertheless, S&P's business risk profile
assessment incorporates modest execution risk in effectively
integrating DKI.

S&P believes G-III Apparel is willing and able to strengthen its
credit measures over time.  S&P assumes that the company will
maintain its focus on reducing leverage, continue its solid expense
and working capital management strategy, and retain its historic
shareholder reward program.  S&P's expectation is based on these
forecasts:

   -- U.S. real annual GDP growth of 2.0% in 2016 and 2.4% in
      2017, and U.S. unemployment of 4.8% in 2016 and 4.5% in
      2017.  Asia-Pacific growth of 5.4% in 2016 and 2017, and
      Eurozone growth of 1.5% and 0.9% for the same periods.

   -- S&P expects revenue to increase by about 18%-19% in 2016
      reflecting the acquisition of DKI, and near 5% in 2017
      reflecting increasing breadth of owned products available
      for sale and solid wholesale licensing revenue growth.  
      Adjusted EBITDA margin of about 9% in 2016 and increasing to

      near 9.5% in 2017, reflecting weak outerwear revenue, retail

      performance, transaction-related expenses, and modest
      operating loss at DKI.  In 2017 S&P expects DKI to operate
      near breakeven while the company works to broaden the
      portfolio.

   -- FFO of about $185 million in 2016 and near $195 million in
      2017.

   -- Capital spending of about $55 million in 2016 and close to
      $50 million in 2017.

   -- S&P forecasts no dividends or share repurchases.

The stable outlook reflects S&P's expectations that credit measures
will improve from near 4x at closing, with EBITDA and free cash
flows steadily strengthening subsequent to the acquisition of DKI.
S&P expects G-III Apparel to turn around DKI, which is currently
loss-making, by broadening the DKI product offering and channel
diversity, as well as through solid working capital and expense
management.  In addition, S&P believes the company has good
integration capability and track record to manage apparel brands.

S&P expects G-III Apparel to improve profitability by restoring
profitability at DKI, maintaining solid execution in the existing
wholesale licensing segment, especially the Calvin Klein brand, and
continued cost rationalizations.  S&P projects debt to EBITDA in
the 3.5x-4x area over the next few years as the company's operating
measures gradually improve following the DKI acquisition.

Downside scenario

S&P could lower its rating if G-III Apparel's credit measures begin
to weaken considerably, including debt to EBITDA leverage sustained
above 4x.  This could occur from the inability to integrate DKI,
fashion mistakes, an unexpected rise in input costs that cannot be
passed to consumers, the cancellation or non-renewal of a licensing
agreement, intensifying competition amid a highly promotional
environment, the inability to reduce seasonal ABL borrowings, or a
change in forecast shareholder rewards.  S&P estimates this could
occur if EBITDA at year-end declines by approximately 5% or debt
increases by $50 million (assuming current debt and pro forma
EBITDA.)

Upside scenario

S&P could raise its rating if G-III Apparel continues to strengthen
its profitability, successfully completes the integration of DKI,
maintains solid revenue growth, keeps shareholder rewards near
current forecast levels, and directs future cash flow to debt
reductions, resulting in better credit measures such that it
sustains year-end debt to EBITDA below 3x. S&P estimates this could
occur if the company pays down approximately $200 million of debt
(assuming current debt and pro forma EBITDA.)

                       RATINGS SCORE SNAPSHOT

Corporate Credit Rating: BB-/Stable/--

Business risk: Fair
   -- Industry risk: Low
   -- Country risk: Very low
   -- Competitive position: Fair

Financial risk: Significant
Cash flow/leverage: Significant

Anchor: bb

Modifiers
   -- Diversification/portfolio effect: Neutral (no impact)
   -- Capital structure: Neutral (no impact)
   -- Liquidity: Adequate (no impact)
   -- Financial policy: Neutral (no impact)
   -- Management and governance: Fair (no impact)
   -- Comparable rating analysis: Negative (one notch)


GARDEN OF EDEN: U.S. Trustee Forms 3-Member Committee
-----------------------------------------------------
U.S. Trustee William K. Harrington on Sept. 15 appointed three
creditors to serve on the official committee of unsecured creditors
of Garden of Eden Enterprises, Inc., et al.

The committee members are:

     (1) Catsmo LLC
         25 Myers Road
         Wallkill, NY 12589
         Attn: Frederic Pothier
         Tel: (845) 895-1695
         Fax: (845) 895-1695
         E-mail: fpothier@solexff.com

     (2) Cibo Vita Inc.
         16-00 Pollitt Drive
         Fair Lawn, NJ 07410
         Attn: Ahmet Gelik
         Tel: (201) 773-4873
         Fax: (201) 773-4874
         E-mail: ahmet@cibovita.com

     (3) E&M Ice Cream Inc.
         701 Zerega Avenue
         Bronx, NY 10473
         Attn: Thomas R. Marshall
         Tel: (718) 518-8700
              (516) 474-6488
         Fax: (718) 518-8904
         E-mail: tmarshall@eandmco.com

Official creditors' committees have the right to employ legal and
accounting professionals and financial advisors, at a debtor's
expense.  They may investigate the debtor's business and financial
affairs.  Importantly, official committees serve as fiduciaries to
the general population of creditors they represent.

                 About Garden of Eden Enterprises, Inc.

Garden of Eden Enterprises, Inc., Broadway Specialty Food, Inc., ,
Coskun Brothers Specialty, and Garden of Eden Gourmet Inc. filed
chapter 11 petitions (Bankr. S.D.N.Y.  Case Nos. 16-12488,
16-12490, 16-12491, 16-12492, respectively) on Aug. 29, 2016.  The
petitions were signed by Mustafa Coskun, president.

The cases are assigned to Judge James L. Garrity Jr.

Doing business as Garden of Eden, the Debtors operate three upscale
full-service specialty-food retail stores at leased premises in New
York.  Debtor Garden of Eden Enterprises is the parent operating
company of the Debtors, and maintains its place of business at 720
Anderson Avenue, Cliffside Park, New Jersey 07010.

Clifford A. Katz, Esq., and Scott K. Levine, Esq., of Platzer,
Swergold, Levine, Goldberg, Katz & Jaslow, LLP, serve as counsel to
the Debtors.

At the time of filing, the Debtors disclosed $8.05 million in
assets and $8.29 million in liabilities.  A copy of the Debtors'
list of 20 largest unsecured creditors is available for free at:

            http://bankrupt.com/misc/nysb16-12488.pdf

The Debtors have asked the Court to enter an order directing joint
administration of their Chapter 11 cases for procedural purposes
only under the case of Garden of Eden Enterprises.


GENWORTH LIFE: S&P Lowers Financial Strength Ratings to 'BB-'
-------------------------------------------------------------
S&P Global Ratings said that it lowered its financial strength
ratings on Genworth Life Insurance Co. (GLIC), Genworth Life and
Annuity Insurance Co. (GLAIC), and Genworth Life Insurance Co. of
New York (GLICNY) to 'BB-' from 'BB'.  S&P also affirmed its 'BB+'
long-term counterparty credit and financial strength ratings on
Genworth Mortgage Insurance Corp.  S&P affirmed its 'B' long-term
counterparty credit and senior unsecured debt ratings on Genworth
Financial Inc. and Genworth Holdings Inc.  All ratings have been
removed from CreditWatch, where they were placed initially on Feb.
9, 2016.  The outlook is negative.

"We have lowered our ratings on Genworth's nonstrategic U.S. life
insurance subsidiaries due to heightened concerns around the
increased concentration in long-term care insurance as new life
insurance and annuity sales ceased earlier this year," said S&P
Global Ratings credit analyst Michael Gross.  S&P now views the
competitive position of Genworth's U.S. life division as less than
adequate instead of adequate.  The performance of Genworth's
long-term care product line depends on uncertain premium rate
increases and overall reserve adequacy.  The product line has
exhibited reserve volatility in recent years and may continue to
exhibit volatility depending on variables such as new claim count,
time on claim, and interest rates.  S&P expects long-term care
premiums to represent approximately 85% of the U.S. life division's
total future premiums. On a consolidated basis, long-term care
insurance represents 84% of Genworth's total liability for policy
and contract claims.

The negative outlook on Genworth's U.S. life companies reflects
S&P's concerns over strategic uncertainty and prospective operating
performance and capital strength.  The U.S. life division continues
to evolve to almost run-off status.  S&P remains concerned about
the impact of protracted low interest rates on the profitability
and ultimate capital strength of Genworth's U.S. life division.

The negative outlook on U.S.-based and strategically important
Genworth Mortgage Insurance Corp. reflects its linkages to
Genworth's broader U.S. platform which has a negative outlook.

The negative outlooks on Genworth Financial and intermediate
holding company Genworth Holdings reflect strategic concerns around
the U.S. life division and less-than-adequate financial
flexibility.  Intermediate holding company Genworth Holdings Inc.
relies solely on the divided capacity of its international
zubsidiaries and holding company cash to fund its debt-servicing
requirements of approximately $250 million annually, as well as
debt repayment.  The U.S. mortgage insurance and life insurance
divisions do not provide dividends to the parent as they attempt to
build capital strength at the subsidiary operating company level.
The parent's next debt maturity is $600 million in May 2018.  The
holding company had $934 million in cash and liquid assets on its
balance sheet as of June 30, 2016.

S&P would consider lowering all U.S. ratings over the next 12
months should operating performance and capital strength
deteriorate, particularly in the U.S. life division.  Such a
downgrade would likely be one notch.  Given Genworth's upcoming
debt maturity in May 2018, any reduced financial flexibility could
also lead to us considering a downgrade.  S&P currently views an
upgrade over the next 12 months as less likely without some form of
transformational event.


GERALD GARAPICH: Sale of Henderson Property for $1.2M Approved
--------------------------------------------------------------
Judge Laurel E. Davis of the U.S. Bankruptcy Court for the District
of Nevada authorized Gerald Garapich and Gail Marie Garapich to
sell property located at 6 Hazelhurst Pass, Henderson, Nevada, for
$1,200,000.

A hearing on the Motion was held on Sept. 6, 2016.

The sale of the property will, upon full payment of the proceeds,
after costs, to CNB in an amount not less than $1,162,523, be free
and clear of all liens, claims, lis pendens, encumbrances and
interests which may be asserted against the equity in the property
("Encumbrances"), with all such Encumbrances attaching only to the
proceeds of the sale of the property.

Any and all transfers of property authorized will be free and clear
of any and all stamp, real property transfer or similar taxes
imposed upon the making or delivery of any instrument of transfer
pursuant to Section 1146(c) of the Bankruptcy Code.

The 14-day stay period under Rule 6004(h) of the Federal Rules of
Bankruptcy Procedure is waived.

Counsel for Debtors:

          Samuel A. Schwartz, Esq.
          Bryan A. Lindsey, Esq.
          SCHWARTZ FLANSBURG PLLC
          6623 Las Vegas Blvd. South, Suite 300
          Las Vegas, NV 89119

Gerald Garapich and Gail Marie Garapich sought Chapter 11
protection (Bankr. D. Nev. Case No. 16-12269) on Aug. 25, 2016.


GERARD BOEH FLOWERS: U.S. Trustee Unable to Appoint Committee
-------------------------------------------------------------
The Office of the U.S. Trustee disclosed in a court filing that no
official committee of unsecured creditors has been appointed in the
Chapter 11 case of Gerard Boeh Flowers, Inc.

Gerard Boeh Flowers, Inc., filed a Chapter 11 bankruptcy petition
(Bankr. W.D. Pa. Case No. 16-22840) on August 1, 2016.  The Debtor
is represented by Stanley A. Kirshenbaum, Esq.


GKI INCORPORATED: Case Summary & 20 Largest Unsecured Creditors
---------------------------------------------------------------
Debtor: GKI Incorporated
        6204 Factory Road
        Crystal Lake, IL 60014

Case No.: 16-82168

Chapter 11 Petition Date: September 15, 2016

Court: United States Bankruptcy Court
       Northern District of Illinois (Rockford)

Judge: Hon. Thomas M. Lynch

Debtor's Counsel: Steven J Brody, Esq.
                  STEVEN J. BRODY & ASSOCIATES, LTD.
                  15 W. Woodstock St
                  Crystal Lake, IL 60014
                  Tel: 815-479-8800
                  Fax: 815-479-8880
                  E-mail: steve@sjbrodylaw.com

Estimated Assets: $0 to $50,000

Estimated Liabilities: $1 million to $10 million

The petition was signed by Olaf Klutke, president.

A copy of the Debtor's list of 20 largest unsecured creditors is
available for free at:

        http://bankrupt.com/misc/ilnb16-82168.pdf


GOLFSMITH INTERNATIONAL: S&P Lowers CCR to 'D' on Bankr. Filing
---------------------------------------------------------------
S&P Global Ratings said it lowered its long-term corporate credit
rating on Golfsmith International Holdings L.P. to 'D' (default)
from 'CCC'.  S&P Global Ratings also lowered its issue-level
ratings on the company's second-lien debt to 'D' from 'CC'.  The
'6' recovery rating on the debt is unchanged.  Finally, S&P Global
Ratings expects to withdraw all of its ratings on the company after
30 days.

"The rating action follows Golfsmith's announcement that it had
commenced a Chapter 11 case in Delaware and that its Golf Town
Canada Inc. subsidiary had commenced creditor protection
proceedings under the Companies' Creditors Arrangement Act in
Ontario," said S&P Global Ratings credit analyst Donald Marleau.

Golfsmith has entered into a support agreement with a group of
investors that hold more than 40% of the company's rated
C$125 million senior secured second-lien debt, in which it is
proposed that the debt be canceled and replaced with US$35 million
of new secured notes.



GOLFSMITH INTERNATIONAL: Seeks $135-Mil. DIP Financing
------------------------------------------------------
Golfsmith International Holdings, Inc., and its affiliated debtors,
also known as Golfsmith, ask the U.S. Bankruptcy Court for the
District of Delaware for authorization to obtain postpetition
financing from DIP Agent Antares Capital LP and the First Lien
Lenders, and use cash collateral.

The Debtors owe the First Lien Lenders approximately $89.3 million
under the First Lien Revolving Credit Facility, and approximately
$11.4 million under the First Lien FILO Facility.

The Debtors are likewise indebted to BNY Trust Company of Canada
and The Bank of New York Mellon, each in their respective
capacities as indenture trustees and collateral agents in Canada
and the United States, and the Second Lien Noteholders in the
aggregate principal amount of CDN$125 million.  Interest payments
of approximately CDN$6.6 million are made on account of the Second
Lien Notes on a semi-annual basis.

The terms of the DIP Financing, among others, are:

     (a) Borrowing Limits:  The DIP Facility operates as a
revolving credit facility with a common borrowing base comprised of
assets of the Borrowers and Guarantors and provides financing that
may be utilized by Debtors Golfsmith and Golf Town.  The $135
million revolving DIP Facility allows for extensions of credit up
to an aggregate outstanding principal amount of $135 million at any
one time outstanding, including:

          (i) a sublimit for letters of credit denominated in U.S.
dollars up to $10 million and letters of credit denominated in
Canadian dollars up to CDN$10 million; and

   
          (ii) a sublimit of $5 million aggregate principal amount
of swing loans denominated in U.S. dollars, and a sublimit of the
U.S. dollar equivalent of $5 million aggregate principal amount of
swing loans denominated in Canadian dollars.

     The DIP Facility also provides for a CDN$60 million sublimit
on Canadian dollar DIP Loans.

     (b) Interest Rates: DIP Loans will bear interest on the
outstanding principal amount thereof from the date when made at a
rate per annum equal to the LIBOR, the Base Rate, the Canadian
Prime Rate or the BA Rate, as the case may be, plus the Applicable
Margin.

     (c) Maturity: The earliest to occur of: (i) the Revolving
Termination Date, and (ii) the date on which the DIP Facility
terminates in accordance with the provisions of the DIP Credit
Agreement or the DIP Orders.

     (d) Purposes for the Use of Cash Collateral: The Debtors will
use the proceeds of the DIP Facility and any Cash Collateral solely
as follows:

          (i) to pay costs and expenses associated with the closing
of the transactions under the DIP Credit Agreement; and

          (ii) to fund the chapter 11 cases in accordance with the
Approved Budget and for the financing of Debtors’ ordinary
working capital, letters of credit and other general corporate
needs including certain fees and expenses of professionals retained
by the Debtors, subject to the Carve-Out, and for certain other
prepetition and pre-filing expenses that are approved by the Court
and permitted by the Approved Budget.

     (e) Adequate protection:

          (i) The First Lien Agent, for the benefit of itself and
the First Priority Secured Parties, will receive replacement liens
on all the Debtors' assets; allowed, senior secured, superpriority
claims with priority in payment over all administrative claims and
unsecured claims against the Debtors or their estates; and adequate
protection payments in an amount equal to: fees, costs, charges and
expenses to the extent, and at the times, payable under the First
Lien Documents, including any unpaid fees, costs and expenses
accrued prior to the Petition Date; interest accruing on the First
Priority Obligations at the applicable rate set forth in the First
Lien Documents; and principal due under the First Lien Documents.

          (ii) The Collateral Agent, for the benefit of itself and
the Second Priority Secured Parties, will receive replacement liens
on all the Debtors' assets junior to the First Priority Liens,
First Priority Adequate Protection Liens, and Second Priority
Liens, among others; and allowed superpriority claims with priority
in payment over all administrative claims and unsecured claims
against the Debtors or their estates.

The Debtors tell the Court that the proposed DIP Facility provides
the Debtors and certain non-Debtor affiliates, collectively known
as Golf Town, with necessary liquidity and time to implement
restructuring transactions.

The DIP Credit Agreement contains these Milestones:

     (1) By Sept. 14, 2016, the Company will enter into one or
binding commitments for a sale of all or substantially all of the
assets of Golf Town.

     (2) By Sept. 14, 2016, the Company will make available data
concerning the Company for the purpose of soliciting bids on an
equity basis in connection with the liquidation of Golfsmith’s
store locations.

     (3) By Sept. 16, 2016, obtain approval from the Court to
retain a liquidation advisor to assist the Debtors conduct Store
Closing Sales at 20 of the Debtors’ store locations on a fee
basis.

     (4) By Sept. 23, 2016, the Debtors will commence the Permitted
Store Closing Sales.

     (5) By Sept. 30, 2016, the Company will distribute to the DIP
Agent either (i) all binding Liquidator Bids, or (ii) a binding
commitment for a refinancing of the DIP Obligations and the First
Priority Obligations in full in cash.

     (6) By Oct. 4, 2016, (i) the Court will have entered an order
approving (a) sales procedures for a sale of all or substantially
all of the assets of Golfsmith, including approving a going concern
stalking horse bidder if one is selected, and (b) sales procedures
for the Golfsmith Liquidation Transaction to be conducted as an
alternative in the event the Golfsmith Sale is not consummated, and
approving a liquidation stalking horse bidder, and (ii) the
Canadian Court shall have approved the Golf Town Sale.

     (7) By Oct. 24, 2016, the Company will complete the auction
for the Golfsmith Sale and Golfsmith Liquidation Transaction and
declare a successful bidder and successful back-up bidder for
each.

     (8) By Oct. 28, 2016, the Company will complete the Permitted
Store Closing Sales.

     (9) By Oct. 28, 2016, the Court will have entered a order
either approving the Golfsmith Sale, or a Golfsmith Liquidation
Transaction in the event the Company fails to consummate a
Golfsmith Sale or if a going concern bidder is not selected by the
Company.

     (10) By Nov. 2, 2016, either (i) the Company will have
executed all relevant documentation in connection with (a) the Golf
Town Sale and/or Golfsmith Sale, which such sales to be consummated
by November 7, 2016, or (b) a Liquidation Transaction, or (ii) the
DIP Obligations and the First Priority Obligations shall be paid in
full in cash.

     (11) If the Company has failed to consummate a Golfsmith Sale
or Golf Town Sales by October 31, 2016, on Nov. 1, 2016, the
Company will commence a Golfsmith Liquidation Transaction or Golf
Town Liquidation Transaction, as applicable.

A full-text copy of the Debtor's Motion, dated Sept. 14, 2016, is
available at https://is.gdXspDuv

Antares Capital LP is represented by:

          Sandra J. Vrejan, Esq.
          Julia Frost-Davies, Esq.
          MORGAN, LEWIS & BOCKIUS, LLP
          One Federal Street
          Boston, MA. 02110

                - and -

          Kurt F. Gwynne, Esq.
          REED SMITH LLP
          1201 Market Street, Suite 1500
          Wilmington, DE 19801

The Bank of New York Mellon can be reached at:

          THE BANK OF NEW YORK MELLON
          101 Barclay Street, Floor 4 East
          New York, NY 10286
          Attn: Global Americas and Tim Burke

BNY Trust Company of Canada can be reached at:

          BNY TRUST COMPANY OF CANADA
          11th Floor, 320 Bay Street
          Toronto, ON M5H 4A6
          Attention: Transaction Management Group

               About Golfsmith International Holdings

Golfsmith International Holdings, Inc., GMAC Holdings, LLC, Golf
Town USA Holdco Limited, Golf Town USA Holdings Inc., Golf Town
USA, LLC, Golfsmith 2 GP, L.L.C., Golfsmith Europe, L.L.C.,
Golfsmith Incentive Services, L.L.C., Golfsmith International,
Inc., Golfsmith International, L.P., Golfsmith Licensing, L.L.C.,
Golfsmith NU, L.L.C., and Golfsmith USA. L.L.C. filed chapter 11
petitions (Bankr. D. Del. Case Nos. 16-12033 to 16-12045) on
September 14, 2016.  The petitions were signed by Brian E. Cejka,
chief restructuring officer.

The Debtors are represented by Mark D. Collins, Esq., John H.
Knight, Esq., Zachary I. Shapiro, Esq., and Brett M. Haywood, Esq.,
at Richards, Layton & Finger, P.A., and Michael F. Walsh, Esq.,
David N. Griffiths, Esq., and Charles M. Persons, Esq., at Weil,
Gotshal & Manges LLP.  The cases are assigned to Judge Christopher
S. Sontchi.

The Debtors retained Alvarez & Marsal North America, LLC as their
Financial Advisor, Jefferies LLC as their Investment Banker, and
Prime Clerk LLC as their Claims, Noticing and Solicitation Agent.

The Debtors estimated assets at $100 million to $500 million and
liabilities at $100 million to $500 million at the time of the
filing.


GRAND PANAMA: Court Allows Use of AKSIM Cash on Final Basis
-----------------------------------------------------------
Judge Karen K. Specie of the U.S. Bankruptcy Court for the Northern
District of Florida authorized Grand Panama Resort Properties, LLC,
to use AKSIM, LLC's cash collateral on a final basis.

The Debtor was authorized to use the cash collateral to pay its
ordinary and necessary operating expenses, which may include
payment for accounting services for preparation of monthly
operating reports and financial reporting services.  The Debtor was
also authorized to use the cash collateral to timely meet all of
its post-petition obligations with respect to any insurance costs,
taxes, and/or condominium owner's association fees that may become
due.

The Debtor was directed to make the following monthly adequate
protection payments to AKSIM, beginning on Sept. 1, 2016:

               UNIT                  AMOUNT
               ----                  ------
               1-903                 $1,745
               1-2003                $1,745
               1-1307                $1,743
               1-1303                $1,743

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

            About Grand Panama Resort Properties

Grand Panama Resort Properties, LLC, filed a chapter 11 petition
(Bankr. N.D. Fla. Case No. 16-50218-KKS) on Aug. 11, 2016.  The
petition was signed by Chad Wade, registered agent.  The Debtor is
represented by Charles M. Wynn, Esq., at Charles M. Wynn  Law
Offices, P.A.  The case is assigned to Judge Karen K. Specie.  

The Debtor has been engaged in rental vacation real estate at Grand
Panama Beach Resort Condominium in Bay County, Florida.

The Debtor disclosed $1.14 million in assets and $1.34 million in
liabilities.


GREAT BASIN: Amends Current Report to Clarify Reverse Stock Split
-----------------------------------------------------------------
Great Basin Scientific, Inc., filed an amendment to its current
report on Form 8-K as originally filed with the Securities and
Exchange Commission on Sept. 14, 2016, to amend the disclosure
contained in Item 5.03 of the Original 8-K following requested
revisions and additional filings requested by the Secretary of
State of the State of Delaware in connection with the filing of the
Fourth Certificate of Amendment to the Company's Certificate of
Incorporation to effect an 80-to-1 reverse stock split in the
shares of common stock of the Registrant effective at 12:01 am EDT
on Sept. 16, 2016.  

The revisions to the Certificate of Amendment and the additional
filing were made to clarify the effect of the Company's Dec. 10,
2015, Second Certificate of Amendment which, in part, changed the
par value of the Company's shares of common stock from $0.001 to
$0.0001.  As part of the revisions, the Company filed a Fifth
Certificate of Amendment and a Certificate of Correction to the
Second Certificate of Amendment.  The revisions to do not otherwise
amend or alter the Reverse Stock Split as described in the Original
8-K which will still be effective at 12:01 am EDT on Sept. 16,
2016.  No other amendments, revisions or alterations were made to
the disclosure contained in the Original 8-K.

The Second Certificate of Amendment to its Certificate of
Incorporation filed on Dec. 10, 2016, changed the par value of the
Company's stock from $0.001 to $0.0001 per share.  The Certificate
of Correction amends and restates Article IV in its entirety as it
was amended on Dec. 10, 2016, to change the par value of the shares
of common stock from $0.001 to $0.0001 as part of the 60-to-1
reverse stock split effected by the Second Certificate of
Amendment.  No other changes were made to the Seventh Amended and
Restated Certificate of Incorporation.

As a result of the Reverse Stock Split, every 80 shares of the
Company's issued and outstanding common stock, par value $0.0001
was converted into one share of common stock, par value $0.0001
reducing the number of issued and outstanding shares of the
Company's common stock from approximately 78.4 million to
approximately 1.0 million.  There was no change in the par value of
the common stock.
  
                       About Great Basin

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

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

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

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


GREAT BASIN: Had 1.2M Outstanding Common Shares as of Sept. 16
--------------------------------------------------------------
On September 12 through September 16 certain holders of the 2015
Notes were issued shares of Great Basin Scientific, Inc.'s common
stock pursuant to Section 3(a)(9) of the United States Securities
Act of 1933, (as amended) in connection with the pre-installment
amount converted for the amortization date of Sept. 30, 2016.  In
connection with the pre-installments, the Company issued 392,756
shares of common stock and applied 21,346 of previously issued
shares (as adjusted for the reverse split) upon the conversion of
$6,308,946 principal amount of 2015 Notes at a conversion price
between $16.00 and $13.06 (as adjusted for the reverse split).

As of Sept. 16, 2016, a total principal amount of $17,276,311 of
the 2015 Notes has been converted into shares of common stock and
$4,823,689 principal remains to be converted, subject to deferrals.
A total of $11.3 million of the proceeds from the 2015 Notes has
been released to the Company including $4.6 million at closing and
$6.7 million from the restricted cash accounts.  $7.1 million
remains in the restricted accounts to be released to the Company
upon future installments.

The Company previously filed an 8-K on Sept. 9, 2016, and reported
803,446 shares outstanding (adjusted for the reverse stock split)
therefore as of Sept. 16, 2016, there are 1,196,202 shares of
common stock issued and outstanding (adjusted for the reverse stock
split).

On Sept. 16, 2016, the Company adjusted the conversion price of the
2015 Notes pursuant to the terms of the 2015 Notes.  The conversion
price was adjusted from $16.00 to $13.06 per share of common stock
(adjusted for the reverse stock split).

In connection with the conversions, the exercise prices or
conversion prices of certain of the Company's issued and
outstanding securities were automatically adjusted to take into
account the conversion prices of the 2015 Notes.  The exercise
prices of the following securities were adjusted as follows.

                 Class A and Class B Warrants

As of Sept. 16, 2016, the Company had outstanding Class A Warrants
to purchase 755 shares and Class B Warrants to purchase 640 shares
of common stock of the Company.  The Class A and Class B Warrants
include a provision which provides that the exercise price of the
Class A and Class B Warrants will be adjusted in connection with
certain equity issuances by the Company.  The consummation of the
Conversions triggers an adjustment to the exercise price of the
Class A and Class B Warrants.  Therefore, on Sept. 16, 2016, the
exercise price for the Class A and Class B Warrants was adjusted
from $16.00 to $13.06 per share of common stock (adjusted for the
reverse stock split).

                       Common Stock Warrants

As of Sept. 16, 2016, the Company had outstanding certain common
stock warrants to purchase 18 shares of common stock of the
Company.  As a result of the Conversions, on Sept. 16, 2016, the
exercise price for certain Common Warrants was adjusted from $16.00
to $13.06 per share of common stock (adjusted for the reverse stock
split).

                          Series G Warrants

As of Sept. 16, 2016, the Company had outstanding Series G Warrants
to purchase 3,075,000 shares of common stock of the Company.  The
Series G Warrants include a provision which provides that the
exercise price of the Series G Warrants will be adjusted in
connection with certain equity issuances by the Company.  The
consummation of the Conversions triggers an adjustment to the
exercise price of the Series G Warrants.  Therefore, on Sept. 16,
2016, the exercise price for the Series G Warrants was adjusted
from $16.00 to $13.06 per share of common stock (adjusted for the
reverse stock split).

                        About Great Basin

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

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

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

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


GREAT BASIN: Stockholders Elect Two Class II Directors
------------------------------------------------------
At the annual meeting of stockholders of Great Basin Scientific,
Inc., shareholders representing 29,175,359 (70.94%) shares of the
Company's 41,124,301 issued and outstanding shares of common stock
entitled to vote as of the record date of Aug. 9, 2016, were
present in person or by proxy, representing a quorum for the
purposes of the Annual Meeting.  

At the Annual Meeting, the stockholders:

  (a) elected Sam Chawla and Ronald Labrum as Class II directors;

  (b) ratified for purposes of complying with NASDAQ Listing Rule
      5635(d), the April 4, 2016, exchange of all of the Company's
      issued and outstanding Series E Warrants for 650,160 shares
      of the Company's Common Stock pursuant to the terms of those
      certain Exchange Agreements, dated April 3, 2016, between
      the Company and the investors named therein;

  (c) approved for purposes of complying with NASDAQ Listing Rule
      5635(d), the issuance of shares of the Company's common
      stock underlying senior secured convertible notes and
      related Series H Warrants issued by the Company pursuant to
      the terms of that certain Securities Purchase Agreement,
      dated June 29, 2016, between the Company and the investors
      named therein, without giving effect to the exchange cap in
      such senior secured convertible notes in an amount that may
      be equal to or exceed 20% of its Common Stock outstanding
      before the issuance of such senior secured convertible notes
      and related Series H Warrants and certain subordination
      warrants and without giving effect to the exercise price
      floor of such Series H Warrants and subordination warrants;

   (d) approved for purposes of compliance with the Securities
       Purchase Agreement, dated Dec. 28, 2015, an amendment to
       the Company's Seventh Amended and Restated Certificate of
       Incorporation, as amended, to effect a reverse stock split
       of the Company's issued and outstanding shares of Common
       Stock at a ratio between 40-to-1 and 80-to-1 and effective
       upon a date on or prior to December 31, 2016 to be
       determined by the Company's board of directors;

   (e) did not approve an amendment to the Certificate of
       Incorporation, to increase the number of authorized shares
       of the Company's Common Stock from 200,000,000 shares, par
       value $0.0001, to 350,000,000, par value $0.0001;

   (f) ratified the appointment of BDO USA, LLP as the Company's
       independent registered public accountants for the fiscal
       year ending Dec. 31, 2016;

   (g) authorized an adjournment of the Annual Meeting, if
       necessary, if a quorum is present, to solicit additional
       proxies if there are not sufficient votes in favor of the
       Series E Warrant Exchange, NASDAQ 20% Issuance Proposal,
       the Reverse Stock Split or the Authorized Share Increase.

While the adjournment Proposal was approved, the proxy holders
determined not to adjourn the Annual Meeting to solicit more votes
for the Authorized Share Increase.

In relation to the Company's senior secured convertible notes
issued pursuant to the securities purchase agreement between the
Company and certain holders of such convertible notes dated
June 29, 2016, pursuant to the approval of the Company's
stockholders of the removal of the limitation on the issuance of
shares of common stock under the terms of the notes to 20% of the
Company's issued and outstanding shares of common stock on the date
of issuance of the convertible notes, pursuant to Section 3(d)(ii)
of the convertible notes, the convertible notes are no longer
subject to such cap on the issuance of shares of common stock.

In relation to the Company's outstanding Series H Warrants to
purchase 56,250,000 shares of common stock, which were issued under
the SPA, and the Company's Subordination Warrants to purchase
1,687,500 shares of common stock, which were issued on July 1,
2016, pursuant to the approval of the Company's stockholders of the
removal of the exercise floor price of $1.70 on the Series H
Warrants and the Subordination Warrants, pursuant to Section 2(a)
and 2(b) of the Series H Warrants and the Subordination Warrants,
the exercise floor price is no longer applicable and the exercise
price of the Series H Warrants and the Subordination Warrants was
adjusted to $0.20 per share of common stock on Sept. 12, 2016.

                         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.


GYMBOREE CORP: Bank Debt Trades at 21.5% Off
--------------------------------------------
Participations in a syndicated loan under Gymboree Corp is a
borrower traded in the secondary market at 78.50
cents-on-the-dollar during the week ended Friday, September 9,
2016, according to data compiled by LSTA/Thomson Reuters MTM
Pricing.  This represents an increase of 0.50 percentage points
from the previous week.  CEC Entertainment pays 350 basis points
above LIBOR to borrow under the $820 million facility. The bank
loan matures on February 23, 2018 and carries Moody's Caa1 rating
and Standard & Poor's CCC+ rating.  The loan is one of the biggest
gainers and losers among 247 widely quoted syndicated loans with
five or more bids in secondary trading for the week ended September
9.


H. BURKHART: U.S. Trustee Unable to Appoint Committee
-----------------------------------------------------
The Office of the U.S. Trustee disclosed in a court filing that no
official committee of unsecured creditors has been appointed in the
Chapter 11 case of H. Burkhart and Associates, Inc.

H. Burkhart and Associates, Inc., sought protection under Chapter
11 of the Bankruptcy Code (Bankr. W.D. Pa. Case No. 16-10750) on
August 3, 2016.  The petition was signed by Henry F. Burkhart, III,
owner.  

The Debtor is represented by Brian C. Thompson, Esq., at Thompson
Law Group, P.C.

At the time of the filing, the Debtor estimated assets and
liabilities of less than $500,000.


HAPPY JACK'S: Case Summary & 20 Largest Unsecured Creditors
-----------------------------------------------------------
Debtor: Happy Jack's Petroleum, Inc.
          dba Happy Jack's
          dba Happy Jack's C Store
          dba Happy Jack's Travel Stop
        P.O. Box 130
        Brule, NE 69127

Case No.: 16-41395

Chapter 11 Petition Date: September 16, 2016

Court: United States Bankruptcy Court
       District of Nebraska (Lincoln Office)

Judge: Hon. Thomas L. Saladino

Debtor's Counsel: William L. Biggs, Jr.
                  GROSS & WELCH, P.C., L.L.O.
                  2120 So. 72 St.
                  1500 Omaha Tower
                  Omaha, NE 68124
                  Tel: (402) 392-1500
                  Fax: (402) 392-8101
                  E-mail: bbiggs@grosswelch.com

                     - and -

                  Frederick D. Stehlik, Esq.
                  GROSS & WELCH, P.C., L.L.O.
                  2120 So 72nd St
                  1500 Omaha Tower
                  Omaha, NE 68124-2342
                  Tel: (402) 392-1500
                  Fax: (402) 392-8101
                  E-mail: fstehlik@grosswelch.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Wade Hill, vice president.

A copy of the Debtor's list of 20 largest unsecured creditors is
available for free at http://bankrupt.com/misc/neb16-41395.pdf


HARRINGTON & KING: Can Use Cash Collateral Until Sept. 16
---------------------------------------------------------
Judge Deborah L. Thorne of the U.S. Bankruptcy Court for the
Northern District of Illinois authorized The Harrington & King
Perforating Co., Inc. and Harrington & King South, Inc. to use
Inland Bank and Trust's cash collateral on an interim basis, until
Sept. 16, 2016.

A further hearing on the Debtors' continued use of cash collateral
is scheduled for Sept. 14, 2016 at 10:00 a.m.

A full-text copy of the Agreed Order, dated September 7, 2016, is
available at https://is.gd/Wl0gkb


      About The Harrington & King Perforating Co., Inc.

The Harrington & King Perforating Co., Inc. and Harrington & King
South Inc. are in the business of manufacturing perforating metal
sheets and rolled coils of varying gauges and types to produce hole
patterns of various sizes, shapes, and spacing.  Most of the work
is done to customer specifications and consists of high value-added
jobs, not typical of most metal punching.  The products are used in
automotive, acoustics, architecture, food and pharmaceutical
straining and filtering, interior design, manufacturing, safety
flooring, pollution control, transportation and mining cleaning and
grading, electronics and other fields.

The Debtors sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. N.D. Ill. Case Nos. 16-15650 and 16-15651) on May 7,
2016.  The petitions were signed by Greg McCallister, chief
restructuring officer and chief operating officer.

The cases are jointly administered under Case No. 16-15650.  The
cases are assigned to Judge Deborah L. Thorne.

The Debtors estimated both assets and liabilities in the range of
$1 million to $10 million.  The Debtors are represented by William
J. Factor, Esq., at FactorLaw.


HEARING HELP: Can Use Better Hearing Cash Until Sept. 30
--------------------------------------------------------
Judge Thomas M. Lynch the U.S. Bankruptcy Court for the Northern
District of Illinois authorized Hearing Help Express, Inc. to use
Better Hearing, LLC's cash collateral through September 30, 2016.

The Debtor's use of cash collateral is with the consent of Better
Hearing.

Judge Lynch authorized the Debtor's continued use of cash
collateral according to the expenses and amounts listed in the
approved Budget for the month of September, 2016, which includes
adequate protection payments to Better Hearing in the amounts of
$10,000 and $300.

A status hearing on the Debtor's use of cash collateral is
scheduled on September 26, 2016 at 10:00 a.m.

A full-text copy of the Agreed Orders, dated September 2, 2016, is
available at https://is.gd/VRVmFJ and https://is.gd/B8kPyT


               About Hearing Help Express

Hearing Help Express, Inc., dba Hearing Help Express, dba Hear
Direct, dba Simply Batteries, dba Moolah by Mail, dba Eco-Gold
Batteries, dba Eco-Gold Hearing Products, dba Lotus Express, is
reputedly the largest United States mail order company marketing
hearing aids, batteries and related accessories directly to senior
citizens. HHE is an Illinois C-Corp. The family-controlled private
corporation has 90 shareholders, with the Hovis family owning the
majority (52.2%) of the shares.

Hearing Help Express sought protection under Chapter 11 of the
Bankruptcy Code on July 14, 2014 (Bankr. N.D. Ill. Case No.
14-82161).  The case is assigned to Judge Thomas M. Lynch.  The
petition was signed by James E. Hovis, CEO and chairman of the
Board.  The Debtor estimated assets of $0 to $50,000 and
liabilities of $1 million to $10 million.  The Debtor is
represented by James E. Stevens, Esq., at Barrick, Switzer, Long,
Balsley & Van Evera.

Secured lender Better Hearing, LLC is represented by attorneys at
Howard & Howard, PLLC.  As of the Petition Date, BHL asserted
secured claims exceeding $2.4 million.


HERCULES OFFSHORE: Overhauls Plan to Improve Shareholder Recovery
-----------------------------------------------------------------
Jacqueline Palank, writing for The Wall Street Journal Pro
Bankruptcy, reported that Hercules Offshore Inc. sweetened
shareholders' payout in its bankruptcy after a battle led by
distressed investor Centerbridge Partners.

According to the report, on Sept. 15, 2016, the offshore
oil-and-gas driller submitted an amended debt-payment plan that
offers a cash payout of $15 million to shareholders who rejected a
previous plan.

Depending on the success of the sales of Hercules' rigs and other
assets, however, shareholder recoveries could rise as high as $138
million, the report said, citing an analysis by Hercules investment
bankers at PJT Partners.

A prior analysis of potential asset sale outcomes by PJT had
forecast a shareholder recovery of $0 to $27 million, the report
added, citing court papers.

Led by Centerbridge, shareholders teamed up to oppose a plan they
said would give Hercules senior lenders a "massive windfall" in the
company's second chapter 11 filing in as many years, the report
related.

Court papers show mediation led by U.S. Bankruptcy Court Judge
Christopher Sontchi produced a settlement in which lenders agreed
to reduce about $546 million in claims by $32.5 million, the report
further related.  The deal also includes a pledge from the lenders
to allow the shareholders to receive the $15 million in cash before
the lenders are paid, the report said.

                 About Hercules Offshore

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

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

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

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

The U.S. Bankruptcy Court issued an order appointing Judge
Christopher Sontchi as mediator to govern mediation procedures and
assist in resolving certain objections related to confirmation of
Hercules Offshore's Joint Prepackaged Chapter 11 Plan of
Reorganization.

On June 20, 2016, the U.S. Trustee for the District of Delaware
appointed three members to the Equity Committee.  The Equity
Committee is represented by Hogan McDaniel and Kasowitz, Benson,
Torres & Friedman LLP as co-counsel and Ducera Securities LLC as
financial advisors.

Kirkland & Ellis LLP and Kirkland & Ellis International LLP, White
& Case LLP and Klehr Harrison Harvey Branzburg LLP represent an ad
hoc group of certain first lien lenders party to that certain
credit agreement, dated as of Nov. 6, 2015, by and among Hercules
Offshore, Inc., as borrower, the Subsidiary Guarantors as
guarantors, the lenders party thereto, and Jefferies Finance LLC,
as administrative agent and collateral agent, as creditors and
parties-in-interest in the Debtors' Chapter 11 cases.


HIGHWAY 72 PROPERTIES: U.S. Trustee Unable to Appoint Committee
---------------------------------------------------------------
An official committee of unsecured creditors has not yet been
appointed in the Chapter 11 case of Highway 72 Properties, Inc.

In a September 15 filing with the U.S. Bankruptcy Court for the
District of Colorado, the Office of the U.S. Trustee disclosed that
"there were too few unsecured creditors" who are willing to serve
on a creditors' committee.

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: Court Sets Sept. 9 Hearing on Cash Use
---------------------------------------------------
Judge Joan N. Feeney of the U.S. Bankruptcy Court for the District
of Massachussets scheduled a hearing on Hiltz Waste Disposal,
Inc.'s Motion for Conditional Use of Cash Collateral on September
09, 2016 at 11:30 a.m.


                About Hiltz Waste Disposal, Inc.

Hiltz Waste Disposal, Inc. filed a chapter 11 petition (Bankr. D.
Mass. Case No. 16-13459) on Sept. 7, 2016.  The petition was signed
by Deborah S. Hiltz, president.  The Debtor is represented by Aaron
S. Todrin, Esq., at Sassoon & Cymrot, LLP.  The case is assigned to
Judge Joan N. Feeny.  At the time of the filing, the Debtor
estimated assets and liabilities at $1 million to $10 million.


IEC RENTALS: Plan Outline Conditionally OK'd; Hearing on Sept. 28
-----------------------------------------------------------------
The Hon. Caryl E. Delano of the U.S. Bankruptcy Court for the
Middle District of Florida has conditionally approved I.E.C.
Rentals, Inc.'s disclosure statement describing the Debtor's plan
of reorganization.

The Court will conduct a hearing on confirmation of the Plan on
Sept. 28, 2016, at 10:30 a.m.

Objections to confirmation of the Plan will be filed no later than
seven days before the date of the Confirmation Hearing.

The Debtor will file a ballot tabulation no later than 96 hours
prior to the time set for the Confirmation Hearing.

All creditors and parties in interest that assert a claim against
the Debtor which arose after the filing of this case must file
motions or applications for the allowance of the claims with the
Court no later than 15 days after the Aug. 29, 2016 court order.

                       About I.E.C. Rentals

Naples, Florida-based I.E.C. Rentals, Inc., sought Chapter 11
protection (Bankr. M.D. Fla. Case No. 15-02491) in Ft. Myers,
Florida, on March 12, 2015.  Robert E. Cadenhead, the director,
signed the petition.

The Debtor is represented by Joey M Grant, Esq., at Marshall
Socarras Grant, in Boca Raton, Florida, as counsel.

In December 2015, Jeffrey William Leasure was named Chapter 11
Trustee.  The Trustee won approval to employ Daniel R. Fogarty and
Stichter, Riedel, Blain & Postler, P.A., as counsel.

Following the appointment of Mr. Leasure, the U.S. Trustee withdrew
its bid to dismiss or convert the Chapter 11 case.


INTERPACE DIAGNOSTICS: Kapila Ratnam Quits as Director
------------------------------------------------------
Kapila Ratnam resigned as a member of the Board of Directors of
Interpace Diagnostics Group, Inc., effective Sept. 13, 2016.  Ms.
Ratnam's resignation was not the result of a disagreement with the
Company on any matter relating to the Company's operations,
policies or practices, as disclosed in a Form 8-K filed with the
Securities and Exchange Commission.

Ms. Ratnam has informed the Company that, pursuant to the Agreement
and Plan of Merger, dated as of Oct. 31, 2014, by and among RedPath
Integrated Pathology, Inc., the Company, Interpace Diagnostics,
LLC, RedPath Acquisition Sub, Inc. and RedPath Equityholder
Representative, LLC (the "Equityholder Representativ"), the
Equityholder Representative has designated her to serve as an
observer at meetings of the Board of Directors of the Company.

                      About Interpace

Interpace Diagnostics Group, Inc., formerly known as PDI, Inc., is
focused on developing and commercializing molecular diagnostic
tests, leveraging the latest technology and personalized medicine
for better patient diagnosis and management.  The Company currently
has four commercialized molecular tests; PancraGen for the
diagnosis and prognosis of pancreatic cancer from pancreatic cysts;
ThyGenX, for the diagnosis of thyroid cancer from thyroid nodules
utilizing a next generation sequencing assay, ThyraMIR, for the
diagnosis of thyroid cancer from thyroid nodules utilizing a
proprietary gene expression assay.  The Company also has on the
market in a limited way, an assay for Barrett's Esophagus that
classifies levels of genomic instability in patients.  The Company
is planning to expand its approach to the Barrett's market by
potentially soft launching in 2016 an early assessment Barrett's
assay to further help physicians assess risk of cancer.  The
Company also has in development an assay for biliary cancer.

As  of June 30, 2016, Interpace had $53.51 million in total assets,
$47.51 million in total liabilities and $5.99 million in total
stockholders' equity.

The Company reported a net loss of $11.35 million in 2015 following
a net loss of $16.07 million in 2014.

BDO USA, LLP, in Woodbridge, New Jersey, issued a "going concern"
qualification on the consolidated financial statements for the year
ended Dec. 31, 2015, citing that the Company has suffered recurring
losses from continuing operations that raise substantial doubt
about its ability to continue as a going concern.


INVENTIV HEALTH: S&P Revises Outlook to Pos. & Affirms 'B' CCR
--------------------------------------------------------------
S&P Global Ratings revised its outlook on inVentiv Health Inc. to
positive from stable and affirmed its 'B' long-term corporate
credit rating on the company.

At the same time, S&P is assigning its 'B' corporate credit rating
to inVentiv Group Holdings Inc., the group's new issuer; the
outlook is positive.  S&P is subsequently withdrawing its corporate
credit rating on inVentiv Health Inc.

In addition, S&P assigned its 'BB-' issue-level rating and '1'
recovery rating to the company's proposed $250 million asset-based
revolving credit facility maturing 2021.  The '1' recovery rating
indicates S&P's expectation for very high (90%-100%) recovery in
the event of a payment default.

S&P also assigned a 'B' issue-level rating and '3' recovery rating
to the company's proposed $1.68 billion term loan B due 2023.  The
'3' recovery rating indicates S&P's expectation for meaningful
(50%-70% in the lower half of the range) recovery of principal in
the event of a payment default.

At the same time, S&P assigned a 'CCC+' issue-level rating and '6'
recovery rating to the company's proposed $720 million senior
unsecured notes due 2024.  The '6' recovery rating indicates S&P's
expectation for negligible (0%-10%) recovery in the event of a
payment default.

At the close of the transaction, S&P will withdraw the ratings on
the refinanced debt.

"The outlook revision reflects inVentiv's proposed refinancing,
allowing the company to significantly reduce its interest expense,"
said S&P Global Ratings credit analyst Matthew Todd.  S&P now
expects pro forma cash flow to improve to a run rate above $100
million as the company continues its aggressive growth and cost
cutting strategy.  S&P believes that, in the next 12 months, it
could consider inVentiv Health's improving cash generation and
profitability consistent with a higher rating.

However, S&P notes that a number of risks to its base case create
uncertainty for a higher rating at this time, including the
addition of new private equity sponsor Advent and the company's
growth plans that include entering more risky international
markets.  In addition, the company has aggressive cost-cutting
targets that could disrupt its growth plans.  Last, S&P believes
that the company has a limited track record with its current
strategy.

S&P's positive outlook reflects the momentum in the company's
operations and cash flow, slightly offset by a limited track record
of the new financial sponsor, higher leverage, and aggressive
margin targets that present some risk to S&P's base case.

S&P would consider an upgrade if inVentiv is able to reduce
leverage to the mid-6x range while consistently growing free cash
flow over the next 12 months.

S&P could revise the outlook back to stable if the company fails to
meet S&P's expectations for operational results or raises
additional debt that pushes leverage to the 8x level.  An
operational downturn could occur if an operational misstep or an
above-average cancellation rate (which could be out of the
company's control) constrained the company's financials and
resulted in near zero revenue growth and slight margin contraction.
In addition, an adverse pharmaceutical pricing environment could
reduce sales and marketing budgets, leading to a decline in the
commercial segment; however, S&P views this as a longer-term risk.


IRELAND NEEDLECRAFT: Can Use Cash Collateral Until Nov. 5
---------------------------------------------------------
Judge Maureen A. Tighe of the U.S. Bankruptcy Court for the Central
District of California authorized Ireland Needlecraft, Inc., doing
business as H&S Bicycles, to use cash collateral on an interim
basis, from Aug. 29, 2016 through Nov. 5, 2016.

Secured creditors Cycling Sports Group, Inc. and Giant Bicycles,
Inc. were granted replacement liens in all post-petition assets of
the Debtor, other than avoidance power actions and recoveries.

The Debtor informed the Court that it had deleted one Honda vehicle
lease from the proposed Budget, lowered its projection of the gross
revenues from the Granada Hills store, and that it had added an
omitted work van lease to the proposed budget. The Court approved
the Debtor's modified budget.

A full-text copy of the Order, dated September 14, 2016, is
available at https://is.gd/d5MdjD

                  About Ireland Needlecraft

Ireland Needlecraft, Inc. filed a chapter 11 petition (Bankr. C.D.
Cal. Case No. 16-12518) on August 29, 2016.  The petition was
signed by Robert Stotts, Jr., vice president.  The Debtor is
represented by Steven R. Fox, Esq., at the Law Offices of Steven R.
Fox.  The case is assigned to Judge Maureen Tighe.  The Debtor
estimated assets at $500,001 to $1 million and liabilities at $1
million to $10 million at the time of the filing.



IRON BRIDGE TOOLS: Wants Oct. 27 Exclusive Plan Filing Period Ext.
------------------------------------------------------------------
Iron Bridge Tools, Inc. asks the U.S. Bankruptcy Court for the
Southern District of Florida to extend its exclusive periods to
file a chapter 11 plan and solicit acceptances to the plan to
October 27, 2016 and December 26, 2016, respectively.

The Debtor relates that because it is in the process of discussing
the feasible options for a plan of reorganization with the Official
Committee of Unsecured Creditors, as well as the cash which will be
available for debt during a period of stable sales and expenses,
the Debtor would request additional time to file a plan which it
hopes to be consensual in large part or entirely.

The Debtor tells the Court that its current exclusivity date is set
for September 22, 2016, and the Debtor cannot present a consensual
plan until such time that the filed proofs of claim have been
reviewed and determined, and the discussions with the committee
develop further.  The Debtor further tells the Court that it would
prefer to file a plan with terms agreeable to the committee or at
least with the major issues framed for determination.

                About Iron Bridge Tools, Inc.

Iron Bridge Tools, Inc. filed a chapter 11 petition (Bankr. S.D.
Fla. Case No. 16-17505) on May 25, 2016.  The petition was signed
by Glenn Robinson, president.  

The Debtor is represented by Craig A. Pugatch, Esq., at Rice
Pugatch Robinson Storfer & Cohen, PLLC.  The case is assigned to
Judge Raymond B. Ray.

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



ITT EDUCATIONAL: SNHU Agrees to Help DWC Students
-------------------------------------------------
ITT Educational Services, Inc., and Southern New Hampshire
University entered into a Teach-Out and Program Articulation
Agreement to help Daniel Webster College students continue their
degree programs.  As part of the agreement, SNHU will provide the
faculty, facilities and student support necessary to deliver all
Daniel Webster College academic programs through the 2016-2017
academic year.  The DWC Agreement has been approved by the New
England Association of Schools and Colleges and the New Hampshire
Commission of Higher Education, and will be reviewed by the U.S.
Department of Education.

                    About ITT Educational

ITT Educational Services, Inc., is a proprietary provider of
post-secondary degree programs in the United States based on
revenue and student enrollment. As of Dec. 31, 2015, ITT was
offering: (a) master, bachelor and associate degree programs to
approximately 45,000 students at ITT Technical Institute and Daniel
Webster College locations; and (b) short-term information
technology and business learning solutions for individuals.

ITT Educational reported net income of $23.3 million in 2015
following net income of $23.3 million on 2014.

As of June 30, 2016, ITT Educational had $585 million in total
assets, $420 million in total liabilities and $165 million in total
shareholders' equity.

                            ED Letter

On Aug. 25, 2016, ITT Educational received a letter from the U.S.
Department of Education citing the Aug. 17, 2016, letter from the
Accrediting Council for Independent Colleges and Schools to the
Company, which continued ACICS' show-cause directive against the
Company.  The ED Letter summarizes the ACICS standards that ACICS
has indicated the Company has not yet demonstrated full compliance
with, and related concerns of ACICS.  The ED Letter states that the
Company has failed to meet the requirements established by ACICS,
as required by the Company's Program Participation Agreement with
the ED.  The ED Letter provides that as a result of those facts and
other information, including as detailed in previous communications
from the ED to the Company, the ED is imposing the following
conditions on the Company's continued participation in funding
under the federal student financial aid programs under Title IV:

* the surety provided by the Company to the ED must be
increased from the current $94.4 million to $247.3 million,
which amount represents 40% of the Title IV Program funds
received by the ITT Technical Institutes during the most
recently completed fiscal year;

* the additional amount of $152.9 million must be provided to
the ED within 30 days from the date of the ED Letter;

* effective immediately, all ITT Technical Institutes are
required to make all Title IV Program fund disbursements
under the Heightened Cash Monitoring 2 payment method, which
requires the Company to make disbursements to students from
its own institutional funds, and then submit a request for
reimbursement of those funds to the ED;

* the ITT Technical Institutes are restricted from enrolling or
beginning classes for any new students who may receive Title
IV Program funds;

* the ITT Technical Institutes must provide all students with a
notice disclosing the ACICS show-cause directives, including
the fact that ACICS accreditation standards state that the
"Council determines that [the] institution is not in
compliance with the Accreditation Criteria, and is unlikely
to become in compliance";

* the ITT Technical Institutes must provide to the ED within 30
days of the ED Letter teach out agreements for all ITT
Technical Institutes;

* the Company may not pay, or agree to pay, any bonuses,
severance payments, raises or retention payments to any of
its management or directors, nor may it pay special dividends
or make any expenditures out of the ordinary course of
business and consistent with prior practices, without
approval from the ED; and

* the Company remains required to provide information to the ED
as previously required by the ED, and previously disclosed by
the Company, regarding various events and regarding the
Company's operations, finances and future plans.

The ED Letter also provides that if the Company fails to meet any
of these requirements, it will demonstrate to the ED that the
Company is incapable of meeting the fiduciary and financial
responsibility standards established by the Higher Education Act
and the ED's regulations.  The ED Letter states that, accordingly,
the failure to meet these standards will result in the referral of
this matter to the ED's Administrative Actions and Appeals
Service Group for administrative action, including the potential
revocation of the Program Participation Agreements for the ITT
Technical Institutes, in which case the ITT Technical Institutes
would no longer be eligible to participate in Title IV Programs.

The Company said it is evaluating these additional sanctions and
requirements, as well as all options available to it.


JT TRANSIT: Wants Authorization to Use Cash Collateral
------------------------------------------------------
JT Transit, LLC asks the U.S. Bankruptcy Court for the Western
District of Texas for authority to use cash collateral.

The Debtor's secured creditors are:

              CREDITOR                        AMOUNT
              --------                        ------

       Security Service Federal            $1,372,293.30


       Tex Star National Bank               $146,138.23

The Debtor contends that it does not own any real property, but its
primary assets consist of six tractors and six trailers, used to
haul loads for a fee.  The Debtor estimates that the book value of
these tangible personal property assets are less than $500,000.
    
The Debtor relates that it generates income from leasing the
tractors and trailers through Detmar Logistics, pursuant to a
Lessor’s Operating Agreement, which is a 12-month lease.

The Debtor tells the Court that until a plan of reorganization is
confirmed in the case, it must obtain approval for the use of cash
collateral.  The Debtor further tells the Court that it is critical
for it to have access to its cash and other business property to
continue to operate in the ordinary course of business and to pay
normal operating expenses.

The Debtor proposes to grant all creditors with an interest in the
cash collateral with a replacement lien to the same extent,
priority and validity as their pre-petition lien.  The Debtor
further proposes to provide monthly cash payments equal to the
estimated monthly depreciation of the property serving as
collateral for the claims of the secured creditors.


A full-text copy of the Cash Collateral Motion, dated September 6,
2016, is available at https://is.gd/YmsihQ


                    About JT Transit, LLC

JT Transit, LLC is a corporation based in San Antonio, Texas, which
has been involved in the transportation and hauling industry since
November, 2012. JT operates primarily in the State of Texas and, at
times, in surrounding states, primarily transporting frac sand.  JT
operates up to 6 trucks and trailers at any given time.

JT Transit, LLC filed a Chapter 11 petition (Bankr. W.D. Tex. Case
No. 16-51994), on September 5, 2016.  The petition was signed by
Kenneth W Newman, member.  The case is assigned to Judge Craig A.
Gargotta.  The Debtor is represented by Anthony H. Hervol, Esq. at
the Law Office of Anthony H. Hervol.  At the time of filing, the
Debtor estimated assets at $100,000 to $500,000 and liabilities at
$1 million to $10 million.  

A copy of the Debtor's list of 19 largest unsecured creditors is
available for free at http://bankrupt.com/misc/txwb16-51994.pdf


K4M CONSTRUCTION: Files Plan to Exit Chapter 11 Protection
----------------------------------------------------------
K4M Construction & Development, LLC, on August 30 filed with the
U.S. Bankruptcy Court for the Southern District of Texas its
proposed plan to exit Chapter 11 protection.

Under the plan, each Class 2 general unsecured creditor will
receive a pro-rata share of the Class A Liquidation Trust
Beneficial Interests on the distribution date.  These creditors
assert a total of $509,684 in claims.

Pursuant to the terms of the liquidating trust, distributions from
the trust will be made at least annually, according to the
disclosure statement detailing the plan.

A copy of the disclosure statement is available for free at
https://is.gd/LZrO3S

                     About K4M Construction

K4M Construction & Development, LLC owns a single family residence
located at 2919 Oak Pointe Blvd., Missouri City, TX 77479.  K4M
Construction filed a Chapter 11 bankruptcy petition (Bankr. S.D.
Tex. Case No. 16-30646) on February 2, 2016.  Johnie J. Patterson
Esq., at Walker & Patterson as bankruptcy counsel.


KATERA'S KOVE: Hires Robert W. Koehler as Attorney
--------------------------------------------------
Katera's Kove, Inc., seeks authorization from the U.S. Bankruptcy
Court for the Western District of Pennsylvania to employ Robert W.
Koehler, Esq., as attorney.

The Debtor requires Robert W. Koehler to:

     a. prepare bankruptcy petition and attendance at the first
meeting of creditors;

     b. represent of the Debtor in relation to acceptance or
rejection of executory contracts;

     c. advise the Debtor with regard to its rights and obligations
during the Chapter 11 reorganization;

     d. advise the Debtor regarding possible preference actions;

     e. represent the Debtor in relation to any motions to convert
or dismiss the Chapter 11 proceeding;

     f. represent the Debtor in relation to any motions for relief
from stay filed by creditors;

     g. prepare the Plan of Reorganization and Disclosure
Statement;

     h. prepare any objection to claims in the Chapter 11; and

     i. otherwise, represent the Debtor in general and any other
related matter.

The Debtor agreed to compensate Robert W. Koehler at the rate of
$350 per hour.

The Debtor and Robert W. Koehler have agreed to a retainer of
$25,000. Prior to the filing of the Bankruptcy the Debtor paid
$26,717.00

Robert W. Koehler, Esq., assured the Court that he 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.

Robert W. Koehler, Esq. can be reached at:

     Robert W. Koehler, Esq.
     Manor Complex, Penthouse
     564 Forbes Avenue
     Pittsburgh, PA 15219
     Phone: (412)281.5336
     E-mail: rkoehler@pghlaw.com

              About Katera's Kove, Inc.


Katera's Kove, Inc., filed a Chapter 11 bankruptcy petition
(Bankr. W.D.Penn. Case No. 16-23084) on August 19, 2016. Hon.
Carlota M. Bohm presides over the case. Robert W. Koehler, Esq.
represents the Debtor as counsel.

In its petition, the Debtor estimated $100,000 to $500,000 in
assets and $1 million to $10 million in liabilities. The petition
was signed by Lynn Katekovich, CEO/president.



KATERA'S KOVE: M. Barajas Appointed Patient Care Ombudsman
----------------------------------------------------------
Andrew R. Vara, Acting United States Trustee for Region 3,
appointed Margaret Barajas, in her capacity as Pennsylvania's Long
Term Care Ombudsman, as the patient care ombudsman in the Chapter
11 bankruptcy case of Katera's Kove, Inc.

The Acting Trustee's Notice of Appointment of Patient Care
Ombudsman is made on September 12, 2016.

The appointment is pursuant to an Order entered August 29, 2016
directing the Acting U.S. Trustee to appoint a Patient Care
Ombudsman.

Margaret Barajas' address is at:

           PA Long-Term Care Ombudsman
           Ombudsman Office
           Pennsylvania Department of Aging
           555 Walnut St. 5th Floor
           Harrisburg, PA 17101

Katera's Kove, Inc., dba Katera's Kove Home Health Agency, dba
Katera's Kove Home Care Agency and Registry, dba Katera's Kove
Personal Care & Secured Dementia Community, filed a Chapter 11
petition (Bankr. W.D. Pa. Case No. 16-23084) on August 19, 2016,
and is represented by Robert W. Koehler, Esq., in Pittsburgh,
Pennsylvania.

At the time of filing, the Debtor had $100,000 to $500,000 in
estimated assets and $1 million to $10 million in estimated
liabilities.

The petition was signed by Lynn Katekovich, CEO/President.

A copy of the Debtor's list of 20 largest unsecured creditors is
available for free at http://bankrupt.com/misc/pawb16-23084.pdf


KENNETH HAND SALES: Hires Flener as Counsel
-------------------------------------------
Kenneth Hand Sales and Rental, Inc., seeks authorization from the
U.S. Bankruptcy Court for the Western District of Kentucky to
employ Mark H. Flener as counsel for the Debtor.

The Debtor requires Flener to:

     a. service as attorney of record in all aspects of this Case,
except for any matters for which a special counsel for conflicts is
employed, and in any adversary proceedings commenced in connection
with this Case, and to provide representation and legal advice to
the Debtor throughout this Case;

     b. consult with the United States Trustee, and statutory
committee and its counsel, any unofficial committee and its
counsel, and all other creditors and parties in interest concerning
the administration of this Case;

     c. take all necessary steps to protect and preserve the
Debtors’ estate;

     d. assist in the disclosure and confirmation processes
contemplated this Case;

     e. assist with and providing counsel regarding its business
matters; and

     f. provide all other legal services required by the Debtor and
assisting the Debtor in discharging its duties as
debtor-in-possession in connection with this Case.

Flener will be paid at $275 per hour and his paralegal at a rate of
$90 per hour.

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

Mark H. Flener, Esq., assured the Court that he 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.

Flener may be reached at:

    Mark H. Flener, Esq.
    1143 Fairway Street, Suite 101
    Bowling Green, KY 42102-0008
    Phone: +1 270-783-8400

             About Kenneth Hand Sales and Rental, Inc.

Kenneth Hand Sales and Rental, Inc., filed a Chapter 11 bankruptcy
petition (Bankr. W.D.KY. Case No. 15-10337) on April 1, 2015. Mark
H. Flener, Esq. serves as bankruptcy counsel.  The Debtor's assets
and liabilities are both below $1 million.


KINEMED INC: Has Until December 31 to File Chapter 11 Plan
----------------------------------------------------------
Judge Roger L. Efremsky of the U.S. Bankruptcy Court for the
Northern District of California extended KineMed, Inc.'s exclusive
periods to file and obtain acceptance of its Chapter 11 Plan to
December 31, 2016 and March 31, 2016, respectively.

The Debtor previously sought the extension of its exclusive
periods, contending that the disposition of the Dynamic Proteomics
Platform and the Midcap Financial Trust secured debt in order to
allow for the recapitalization of the Debtor, a critical
prerequisite to the development of its Plan, is in progress, but
not yet completed.

The Debtor told the Court that it expected discussions with Midcap
to be concluded within the next several weeks, and that one or more
related transactions will come before the Court for approval on
October or November 2016.  The Debtor further told the Court that
discussions with Biopharma Forest, Inc. were also ongoing, with
respect to the assumption and postconfirmation performace of the
Ghrelin license – another critical prerequisite to the
development of the Debtor's Plan.

The Debtor related that because both sets of discussions must
precede the filing of the Plan, the Debtor expects that it may not
be in a position to file and prosecute the Plan until at least
October 2016, and possibly later.

                        About KineMed, Inc.

Headquartered in Emeryville, California, KineMed, Inc., has
developed and validated a proprietary drug development platform to
clinically advance drugs more efficiently and with less risk for
later sale/out-license.  The Company is creating a pipeline of high
value drug assets in muscle-wasting and fibrotic diseases.  The
pipeline is focused on Phase 2 trials with synthetic Ghrelin, to
address CKD & muscle wasting in the elderly.

The Company filed for Chapter 11 bankruptcy protection (Bankr. N.D.
Calif. Case No. 16-41241) on May 4, 2016, estimating its assets at
between $10 million and $50 million and debts at between $1 million
and $10 million.  The petition was signed by David M. Fineman,
chairman and chief executive officer.

Judge Roger L. Efremsky presides over the case.

Merle C. Meyers, Esq., at Meyrs Law Group, PC, serves as the
Debtor's bankruptcy counsel.



KRISHNA ASSOCIATES: Unsecureds To Be Paid From Sale Proceeds
------------------------------------------------------------
Krishna Associates, LLC, filed with the U.S. Bankruptcy Court for
the Eastern District of Texas a first amended disclosure statement
describing the Debtor's plan of reorganization.

Class 7 Unsecured Claims are estimated at $102,071.19 and are
impaired.  Holders of these claims will be paid on a pro rata basis
of all remaining cash generated by the sale or liquidation of other
unencumbered assets like Chapter 5 actions.  Remaining cash here
means that fund left after the payment of all claims identified in
Classes 1-6.

The First Amended Disclosure Statement is available at:

          http://bankrupt.com/misc/txeb15-50148-100.pdf

The Plan was filed by the Debtor's counsel:

     Bill F. Payne, Esq.
     THE MOORE LAW FIRM, L.L.P.
     100 North Main Street
     Paris, Texas 75460
     Tel: (903) 784-4393
          (972) 628-4901
     E-mail: bpayne@moorefirm.com

                    About Krishna Associates

Headquartered in Texarkana, Texas, Krishna Associates, LLC, is
owned and managed by Texarkana doctor Hiren Patel.  It owns Country
Inn and Suites and an adjacent vacant lot in Texarkana, Texas.

The Debtor sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. E. D. Texas Case No. 15-50148) on Nov. 3, 2015.
The petition was signed by Hiren Patel, president.  

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


LANDS' END: Moody's Lowers CFR to B2; Outlook Remains Stable
------------------------------------------------------------
Moody's Investors Service downgraded Lands' End, Inc.'s Corporate
Family Rating to B2 from B1 and Probability of Default Rating to
B2-PD from B1-PD.  Moody's also downgraded the company's senior
secured term loan to B2 from B1.  The company's Speculative Grade
Liquidity Rating was affirmed at SGL-1 and the outlook remains
Stable.

The downgrade to B2 reflects weaker than anticipated operating
performance that includes topline and EBITDA declines over the LTM
period resulting in leverage above the previously stated downgrade
trigger of 5.0 times.  It also reflects Moody's expectation that
credit metrics will remain outside the parameters of the B1 rating
over the next 12-24 months as the company works to reverse recent
operating trends in a challenging retail environment.  Moody's
estimates lease adjusted leverage at about 5.8 times for the LTM
period ended July 29, 2016, and expects it could reach the low 6
times range over the next few quarters.  Over the next 12-24
months, Moody's expects gross margins will benefit from ongoing
management initiatives, but anticipates it will take time for some
of the changes (particularly around new products, styles, and brand
awareness) to resonate with the consumer, and as a result top line
will remain under pressure.

The stable outlook reflects Moody's expectation that while credit
metrics are likely to deteriorate over the near term, they will
remain appropriate for the rating level.  The stable outlook is
also supported by Lands' End's very good liquidity profile (as
reflected by the SGL-1 rating) which provides the company with a
meaningful cushion to manage through cyclically weak periods.  As
of July 29, 2016 Lands' End had cash in excess of $210 million and
access to an undrawn $175 million Asset-Based Revolving credit
facility ("ABL") with about $165 million of borrowing availability.
While Moody's anticipates negative free cash flow for fiscal 2016
and only modestly positive flat free cash flow going forward, the
rating agency believes the company's cash position and availability
under its revolver will be more than sufficient to cover cash needs
over the next 12-24 months.

Moody's took these rating actions:

Issuer: Lands' End, Inc.
  Corporate Family Rating, Downgraded to B2 from B1
  Probability of Default Rating, Downgraded to B2-PD from B1-PD
  $515 Million Senior Secured Term Loan B due 2021, Downgraded to
   B2 (LGD4) from B1 (LGD4)
  Speculative Grade Liquidity Rating, Affirmed at SGL-1
  Outlook, Stable

                       RATINGS RATIONALE

Lands' End's B2 CFR reflects its high leverage resulting from its
2014 spin-off from Sears combined with weak revenue and earnings
trends over the last few years.  The rating also reflects Moody's
expectation that operating performance will continue to be
challenged over the near term which will continue to weigh on
credit metrics.  Lands' End presence in Sears stores is a risk,
considering Sears' continued contraction in its store base and its
long-term track record of negative comparable store sales over the
past few years.  However, with only 13% of sales generated in these
shops (for fiscal 2015), Moody's believes this risk is modest for
Lands' End as a whole.

The rating is supported by the company's meaningful direct to
consumer business, which accounts for over 85% of its revenue, and
Moody's belief that Lands' End is well positioned as consumers
continue to shift apparel spending toward online purchases.  The
direct to consumer business includes Lands' End's International and
Outfitter business - providing corporate and school uniforms -
which Moody's believes provide additional diversification.  Land's
End's very good liquidity also supports the rating.

The B2 rating assigned to the secured term loan reflects its second
lien on the company's accounts receivable and inventory (the $175
million asset-based revolver has a first lien on these assets) and
a first lien on substantially all other assets of the company.

A ratings upgrade would require a reversal of recent operating
trends, including a return to stable revenue and earnings growth,
resulting in leverage below 5.0 times and interest coverage
(EBIT/Interest Expense) sustained above 2.0 times.  An upgrade
would also require consistently positive free cash flow.

Ratings could be downgraded if the company fails to stabilize
revenue and earnings declines, resulting in leverage sustained
above 6.5 times or interest coverage (EBIT/Interest Expense) below
1.4 times.  A worsening liquidity profile including continued
negative free cash flow or a meaningful reduction in cash or
availability under the revolver could also result in a downgrade.

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

Headquartered in Dodgeville, Wisconsin, Lands' End Inc. is a
multi-channel retailer of clothing, footwear and accessories for
men, women and children with products sold through catalogs, online
through websites in the US and overseas as well as through 224
Lands' End Shops at Sears, 13 standalone Lands' End Inlet Stores,
and 4 international shop-in-shops.  Revenue approached $1.4 billion
in the twelve month period ended July 29, 2016.


LEDGES LLC: Court Extends Exclusive Plan Filing Period to Sept. 30
------------------------------------------------------------------
The U.S. Bankruptcy Court for the District of Massachusetts
extended Ledges, LLC's exclusive periods for filing and obtaining
acceptances of a plan of reorganization through September 30, 2016
and November 30, 2016, respectively.

Absent the extension, the Debtor's exclusive period to file a plan
was scheduled to expire August 31, 2016, while its exclusive period
to solicit acceptances to the plan is originally set to expire on
October 28, 2016.

As previously reported in the Troubled Company Reporter, the Debtor
related that its senior secured lender, Hingham Institution for
Savings had filed a motion for relief from the automatic stay,
where a hearing was held on August 16, 2016, and the Court ordered
the Debtor to file a disclosure statement and plan of
reorganization on or before September 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.  The petition was signed by Steven
Buckley, manager.  John M. McAuliffe, Esq., at Mcauliffe &
Associates, P.C., serves as the Debtor's bankruptcy counsel.  The
Debtor estimated assets and liabilities at $500,001 to $1 million
at the time of the filing.



LIGHTSTREAM RESOURCES: Begins CCAA Process, Forbearance Agreement
-----------------------------------------------------------------
Lightstream Resources Ltd. (LTS) on Sept. 19, 2016, disclosed that
the Company has not been able to reach a satisfactory settlement
agreement with respect to the litigation (the "Unsecured Noteholder
Litigation") that has been commenced by certain holders of the
Company's 8.625% unsecured notes due February 1, 2020 (the
"Unsecured Notes").  Under the terms of a restructuring support
agreement dated July 12, 2016, as amended and restated August 26,
2016 (the "Support Agreement") between the Company and an ad hoc
committee (the "Ad Hoc Committee") of certain holders (the "Secured
Noteholders") of the Company's 9.875% second lien secured notes due
2019, a settlement of the Unsecured Noteholder Litigation,
acceptable to both the Company and the Ad Hoc Committee, had to be
reached on or before September 16, 2016.

As a result of the failure to reach such a settlement, in
accordance with the terms of the Support Agreement, the Company is
required to discontinue its currently contemplated plan of
arrangement under the Canada Business Corporations Act (the "CBCA
Arrangement"), commence proceedings under the Companies' Creditors
Arrangement Act (the "CCAA") and seek an initial order under the
CCAA for the purposes of implementing a sale transaction under the
CCAA (a "CCAA Sale Transaction") by way of a credit bid by the
Secured Noteholders or other form of transaction within the CCAA
proceedings acceptable to both the Company and the Ad Hoc
Committee, all subject to the terms and conditions of the Support
Agreement.

Accordingly, the Company intends to initiate proceedings at the
Court of Queen's Bench of Alberta (the "Court") to implement the
CCAA Sale Transaction pursuant to an initial order (the "CCAA
Initial Order") on September 26, 2016.  The Company anticipates
that the stay prohibiting any person, including holders of the
Company's Unsecured Notes ("Unsecured Noteholders") and Secured
Noteholders, other than the lenders under the Company's revolving
credit facility (the "Lenders"), from terminating, making any
demand, accelerating, amending or declaring in default or taking
any enforcement steps under any contract or other agreement to
which the Company is a party, that was initially granted on July
13, 2016 and re-confirmed on August 29, 2016 will be supplemented
and replaced by a broad stay of proceedings pursuant to the terms
of the CCAA Initial Order.

Trading of Lightstream securities on the Toronto Stock Exchange has
been halted.  The Company expects that trading will be suspended
indefinitely and that the Toronto Stock Exchange will begin
de-listing review proceedings on an expedited basis.

In addition to the foregoing, the Company has entered into a second
forbearance agreement (the "Forbearance Agreement") with The
Toronto-Dominion Bank, as Administrative Agent and other Lenders.
Under the terms of the Forbearance Agreement, among other things,
the Lenders have agreed, subject to customary conditions and
provided that the Company commences proceedings under the CCAA in
accordance with the Support Agreement and the Forbearance
Agreement, to forbear from exercising their enforcement rights and
remedies arising on account of the cross defaults that have
occurred under the revolving credit facility, including in respect
of the Company's hedging liabilities, until December 31, 2016.  A
copy of the Forbearance Agreement will be filed under the Company's
SEDAR profile at www.sedar.com

On July 13, 2016, the Company began a robust sale and investment
solicitation process (the "SISP").  The Company anticipates that
the Court will approve the continuation of the SISP under the CCAA
proceedings as part of the CCAA Initial Order to consummate the
CCAA Sale Transaction pursuant to further order of the Court.

The commencement of the CCAA Sale Transaction is not expected to
affect normal course business operations.  The Company continues to
have cash on-hand and is continuing to pay all service providers,
suppliers, contractors and employees as it pursues completion of
the CCAA Sale Transaction.

As result of the commencement of the CCAA process, the Company will
not be holding the special meetings of Secured Noteholders or
Unsecured Noteholders that were called to approve the CBCA
Arrangement on September 30, 2016, as previously announced and will
not be proceeding with its scheduled application for a final order
of the Court of Queen's Bench of Alberta to approve the CBCA
Arrangement on October 5, 2016.  The meeting of holders of
Lightstream's common shares ("Shareholders") will still be held as
planned on September 30, 2016 to conduct the required annual
meeting matters including the election of directors and appointment
of auditors, but the CBCA Arrangement will not be considered at the
meeting.  The AGM is scheduled to commence at 9:00 am on September
30, 2016 and will be held at Eighth Avenue Place, Fourth Floor, 525
- 8th Avenue S.W., Calgary, Alberta.

Readers are urged to consult the Company's press releases issued
July 12, 2016, July 13, 2016,
July 28, 2016, August 5, 2016, August 10, 2016, August 26, 2016 and
September 9, 2016 as well as its management information circular
dated August 29, 2016, for further details respecting the proposed
recapitalization, the CCAA Sale Transaction and the AGM.

                  About Lightstream Resources

Lightstream Resources Ltd. is an oil and gas exploration and
production company focused on light oil in the Bakken and Cardium
resource plays.

                           *     *     *

The Troubled Company Reporter, on Aug. 23, 2016, reported that S&P
Global Ratings said it affirmed its 'D' long-term corporate credit
and senior unsecured debt ratings on Lightstream Resources Ltd. S&P
Global Ratings subsequently withdrew the ratings.  At the time of
the withdrawal, Lightstream was still negotiating with its
debtholders to reach a definitive agreement on debt restructuring.


LUCAS ENERGY: DBS Investments Reports 8.1% Stake as of Aug. 25
--------------------------------------------------------------
In a Schedule 13G filed with the Securities and Exchange
Commission, DBS Investments, Ltd., DBS Management, LLC and Donnie
B. Seay disclosed that as of Aug. 25, 2016, they beneficially own
1,247,912 shares of common stock of Lucas Energy, Inc.,
representing 8.1 percent of the shares outstanding.

Effective Aug. 25, 2016, the Company, as borrower, and DBS and
certain other Sellers, as guarantors, and International Bank of
Commerce, as Lender, entered into a Loan Agreement, whereby the
Company borrowed $40 million from the Lender.  Additionally, in
connection with the parties' entry into the Loan Agreement and to
further secure amounts due thereunder, certain of the Guarantors
pledged shares of Common Stock which they received at the Closing
to the Lender, with DBS pledging 1,247,912 shares of Common Stock.
Upon the occurrence of an event of default under the Loan
Agreement, and subject to the terms thereof, the Lender can obtain
ownership of, and therefore voting power and investment power over
such pledged securities.

As General Partner of DBS, DBS LLC, may direct the vote and
disposition of the 1,247,912 shares of Common Stock held by DBS. As
the manager of DBS LLC, Mr. Seay may direct the vote and
disposition of the 1,247,912 shares of Common Stock held by DBS.

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

                     https://is.gd/ehDx8c

                      About Lucas Energy

Based in Houston, Texas, Lucas Energy (NYSE MKT: LEI) --
http://www.lucasenergy.com/-- is a growth-oriented, independent
oil and gas company engaged in the development of crude oil,
natural gas and natural gas liquids in the Hunton formation in
Central Oklahoma in addition to the Austin Chalk and Eagle Ford
formations in South Texas.

Lucas Energy reported a net loss of $25.4 million for the year
ended March 31, 2016, compared to a net loss of $5.12 million for
the year ended March 31, 2015.

As of June 30, 2016, Lucas Energy had $14.73 million in total
assets, $12.91 million in total liabilities and $1.82 million in
total stockholders' equity.

Hein & Associates LLP, in Houston, Texas, issued a "going concern"
qualification on the consolidated financial statements for the year
ended March 31, 2016, citing that the Company has incurred
significant losses from operations and had a working capital
deficit of $9.6 million at March 31, 2015.  These factors raise
substantial doubt about the Company's ability to continue as a
going concern.


MAHI LLC: Can Use United Community Bank Cash Until Sept. 28
-----------------------------------------------------------
Judge Douglas D. Dodd of the U.S. Bankruptcy Court for the Middle
District of Louisiana authorized Mahi, LLC and OM Hospitality, LLC,
to use United Community Bank's cash collateral on an interim basis
until September 28, 2016.

The approved Budget covers a period of three months, from September
2016 to November 2016.  The Budget provides for total expenses for
OM Hospitality, LLC, in the amount of $35,318 for each of the three
months, and for Mahi, LLC, in the amount of $38,906 for each of the
three months.

The Debtors were directed to make adequate protection payments to
United Community Bank in the amount of $5,000, not later than
September 15, 2016.

United Community Bank was granted adequate protection liens upon
the cash collateral and all of the Debtors' presently-owned and
after-acquired properties, in the same priority that United
Community Bank held prior to the Petition Date.

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

A full-text copy of the Order, dated Sept. 14, 2016, is available
at https://is.gd/lyaaaF

                     About Mahi LLC

Mahi, LLC, and OM Hospitality, LLC, sought protection under Chapter
11 (Bankr. M.D. La. Case Nos. 16-10601 and 16-10602) on May 24,
2016.  The petitions were signed by Bhagirath Joshi, manager.  The
cases are jointly administered.

The cases are assigned to Judge Douglas D. Dodd.  The Debtors are
represented by Ryan James Richmond, Esq., at Stewart Robbins &
Brown LLC.

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



MATTHEW HALPER: Files Plan to Exit Chapter 11 Protection
--------------------------------------------------------
Matthew and Jeselie Halper on August 30 have filed with the U.S.
Bankruptcy Court for the Southern District of Florida a plan to
exit Chapter 11 protection.

Under the proposed plan, Nissan Infinity, the only Class 4 general
unsecured creditor, will be paid its claim of $3,215 in full.  

The company will receive a quarterly payment of $160 for a period
of five years, starting on the first day of the month following the
effective date of the plan, according to the Debtors' disclosure
statement detailing the plan.

A copy of the disclosure statement is available for free at  
https://is.gd/c6a4Z3

The Debtors believe that they will have enough cash on hand on the
effective date of the plan to pay all claims and expenses.

The Debtors are represented by:

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

Matthew and Jeselie Halper filed voluntary petition for relief
under Chapter 13 of the Bankruptcy Code on May 6, 2015.  The case
was converted to a Chapter 11 case (Bankr. S. D. Fla. Case No.
15-18297) on April 7, 2016.


MEDAK TRUCKING: Seeks Authorization to Use Cash Collateral
----------------------------------------------------------
Medak Trucking, LLC, asks the U.S. Bankruptcy Court for the
District of New Jersey for authorization to use cash collateral.

The Debtor tells the Court that it generates an average of $1.5
million in gross annual income.

The Debtor relates that as of the Petition Date, the following
creditors have a purported security interest in the Debtor's
property, including the Debtor's accounts, inventory and other
collateral which is or may result in cash collateral:

     1. 1st Global Capital, LLC
     2. BMO Transportation Finance
     3. Financial Pacific Leasing, Inc.
     4. Fox Capital Group
     5. Mercedes Benz Financial USA LLC
     6. Santander Bank
     7. Signature Financials, LLC
     8. Simmons First Financial Bank
     9. VEDC
    10. BFS Capital

The Debtor proposes to provide the secured creditors with
replacement liens equal to the prepetition lien held by each of the
secured creditors.  

A full-text copy of the Motion, dated Sept. 14, 2016, is available
at https://is.gd/NbKPw2

                    About Medak Trucking

Medak Trucking, LLC, based in Edison, N.J., filed a Chapter 11
petition (Bankr. D.N.J. Case No. 16-24788) on August 1, 2016.  The
petition was signed by Andrew Obadiaru, president.  The Debtor is
represented by David L. Stevens, Esq., at Scura, Wigfield, Heyer &
Stevens, LLP.  Judge Michael B. Kaplan presides over the case.  The
Debtor estimated $0 million to $50,000 in assets and $1 million to
$10 million in liabilities at the time of the filing.



MEDFORD TRUCKING: Disclosure Statement Hearing on September 29
--------------------------------------------------------------
The U.S. Bankruptcy Court for the Southern District of West
Virginia is set to hold a hearing on September 29, at 11:00 a.m.,
to consider approval of the disclosure statement explaining the
Chapter 11 plan of Medford Trucking LLC.

The hearing will take place at Bankruptcy Courtroom B, 6400 Robert
C. Byrd U.S. Courthouse, 300 Virginia Street East, Charleston, West
Virginia.  Objections are due by September 27.

Medford Trucking LLC sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. D. W.Va. Case No. 14-20354).


MEDICAL INVESTORS: Court Denies Use of Cash Collateral
------------------------------------------------------
Judge Frank W. Volk of the U.S. Bankruptcy Court for the Southern
District of West Virginia prohibited Medical Investors, LLC from
using cash collateral.

The Debtor’s Motion to Use Cash Collateral was objected to by
both Sandra Estes and First Bank of Charleston, Inc.

Judge Volk noted, at the hearing, that the Debtor failed to attach
a budget.

Judge Volk denied the Joint Motion for Relief From Stay filed by
First Bank of Charleston, Inc. and Sandra Estes, and ordered the
Debtor to make adequate protection payments to First Bank or pay
First Bank the full value of its claim on or before Oct. 31, 2016.
Judge Volk held that if a single payment is missed, First Bank is
authorized to take collection and/or foreclosure action without the
necessity for further legal proceedings.


                 About Medical Investors

Hurricane, West Virginia-based Medical Investors, LLC, filed for
Chapter 11 bankruptcy protection (Bankr. S.D. W. Va. Case No.
16-30223) on May 5, 2016.  The petition was signed by Darrin
VanScoy, managing member.  Judge Frank W. Volk presides over the
case.

Joseph W. Caldwell, Esq., at Caldwell & Riffee serves as the
Debtor's bankruptcy counsel.   The Debtor estimated assets at $1
million to $10 million and liabilities at $500,000 to $1 million.


MESA MARKETPLACE: Wants to Use Cathay Bank Cash Collateral
----------------------------------------------------------
Mesa Marketplace Center, LLC, asks the U.S. Bankruptcy Court for
the District of Arizona for authorization to use cash collateral
securing obligations to Cathay Bank, Pacific Global Bank, or any
other secured creditor.

The Debtor owns and operates a shopping center on Country Club
Drive in Mesa, near the US 60.

The Debtor relates that it recently lost its largest tenant, and
was unable to make the fall payments due to Cathay Bank in June and
July 2016.  The Debtor further relates that Cathay Bank refused the
Debtor's tender of the August payment and initiated proceedings to
appoint a receiver.

The Debtor contends that it has candidates to occupy its largest
space, as well as two tenants who have signed letters of intent for
smaller spaces.  The Debtor anticipates that these tenants will
shortly provide the cash flow it needs to resume its prepetition
payments, after either curing and reinstating those obligations or
modifying them under a reorganization plan.

The Debtor tells the Court that it needs the cash collateral to pay
post-petition operating expenses, including vendors and utilities,
and to ensure the uninterrupted operation of the Debtor's
business.

The Debtor's proposed Budget provides for total estimated monthly
expenses in the amount of $10,116.

The Debtor says that the secured creditors are adequately protected
for the use of its cash collateral because the Debtor's operations
act to preserve the value of the real estate which is the primary
collateral, generating replacement cash collateral.  The Debtor
further says that the replacement cash generated from its
operations is expected to exceed the amount of any lien on an
ongoing basis.

A full-text copy of the Debtor's Motion, dated Sept. 14, 2016, is
available at
https://is.gd/LpvShK

                  About Mesa Marketplace Center

Mesa Marketplace Center LLC dba Mesa Marketplace Center filed a
Chapter 11 petition (Bankr. D. Ariz. Case No. 16-10094), on August
31, 2016.  The petition was signed by Kenny Eng, manager.  The case
is assigned to Judge Scott H. Gan.  The Debtor's counsel is Kelly
G. Black, Esq., at Kelly G. Black, PLC.  At the time of filing, the
Debtor estimated assets and liabilities at $1 million to $10
million.


MILLENIUM HOME: Can Use IRS Cash Collateral on Final Basis
----------------------------------------------------------
Judge Craig A. Gargotta of the U.S. Bankruptcy Court for the
Western District of Texas authorized Millennium Home Health Care,
Inc. to use cash collateral on a final basis.

The Debtor was authorized to use cash collateral to satisfy the
postpetition obligations incurred in the ordinary course of its
business, as well as make any payments approved by Order of the
Court.

The Debtor was directed to make monthly adequate protection
payments to the Internal Revenue Service in the amount of $5,000,
beginning on September 15, 2016.

The IRS was granted valid first-priority replacement and additional
liens and security interests, with priority over all other liens
and security interests in and upon all the Debtor's assets, except
for the ad valorem tax liens of Bexar County, Texas.

A full-text copy of the Final Order, dated September 14, 2016, is
available at https://is.gd/GkGI5e


            About Millennium Home Health Care, Inc.

Millennium Home Health Care, Inc. filed a chapter 11 petition
(Bankr. W.D. Tex. Case No. 16-51822-CAG) on Aug. 10, 2016.  The
petition was signed by David Fyffe, chief restructuring officer.
The Debtor is represented by Randall A. Pulman, Esq. and Thomas
Rice, Esq., at Pulman, Cappuccio, Pullen, Benson & Jones, LLP.  The
Debtor estimated assets and liabilities at $100,001 to $500,000 at
the time of the filing.

The Debtor operates as a home health care agency, providing skilled
nursing to patients receiving care through Medicare, Medicaid and
certain other private insurers.  It also contracts with third
parties to provide occupational therapy, speech therapy and
physical therapy to its patients.


MOUNTAIN THUNDER: Involuntary Chapter 11 Case Summary
-----------------------------------------------------
Alleged Debtor: Mountain Thunder Coffee Plantation Int'l Inc.
                73-4840 Kanalani Street, Suite 435
                Kailua-Kona, HI 96740

Case No.: 16-00984

Involuntary Chapter 11 Petition Date: September 16, 2016

Court: United States Bankruptcy Court
       District of Hawaii (Honolulu)

Judge: Hon. Robert J. Faris

Petitioners' Counsel: Ted N. Pettit, Esq.
                      CASE LOMBARDI & PETTIT
                      737 Bishop Street, Suite 2600
                      Honolulu, HI 96813
                      Tel: (808) 547-5400
                      Fax: (808) 523-1888
                      E-mail: tnp@caselombardi.com

                             - and -

                      Ellen Andrea Swick, Esq.
                      CASE LOMBARDI & PETTIT
                      737 Bishop Street, Suite 2600
                      Honolulu, HI 96813
                      Tel: (808) 547-5400
                      E-mail: eas@caselombardi.com

Alleged creditors who signed the petition:

   Petitioners                  Nature of Claim  Claim Amount
   -----------                  ---------------  ------------
Hagadone Hawaii, Inc.         Adevertising Fees       $6,864
DBA This Week Publications
274 Puuhale Road, Ste. 200
Honolulu, HI 96819
8085475400

Thomas Spruance               Product Nonpayment      $1,833
84-5240 Painted Church Road
Captain Cook, HI 96704
8085475400

Joseph K. Hing, Sr.            Product Nonpayment     $6,554
75-5797 Kini Loop
Kailua-Kona, HI 96740
8085475400

Russell T. Komo                Product Nonpayment    $26,382
73-1263 Onaona Drive
Kailua-Kona, HI 96740
8085475400


MRI SOFTWARE: S&P Affirms 'B+' Rating on New $40MM Loan Add-on
--------------------------------------------------------------
S&P Global Ratings affirmed its 'B+' issue-level rating, with a '2'
recovery rating on Cleveland, Ohio-based real estate enterprise
software applications provider MRI Intermediate Holdings LLC (d/b/a
MRI Software)'s first-lien senior secured credit facility upon the
company's proposed $40 million add-on to the $155 million term loan
due June 2021.  The '2' recovery rating indicates S&P's expectation
for substantial (70%-90%; lower half of the range) recovery in the
event of a payment default.

MRI intends to use the debt proceeds for general corporate
purposes.

All other ratings on MRI Software, including the 'B' corporate
credit rating and stable outlook, remain unchanged.

As a result of the $40 million incremental debt issuance, the
company's adjusted leverage, pro forma for the transaction, will be
about 7x, up from the high-6x area as of June 30, 2016.  S&P
expects the company's pro forma leverage to decline to the mid- to
high-6x area by the end of 2016, primarily driven by
high-single-digit organic growth.

S&P's assessment of MRI Software's business risk profile
incorporates the company's limited scale in the enterprise software
industry, niche market focus within real estate, and narrow product
offerings which are primarily aimed at accounting and property
management functions.  The company's low customer concentration
risk and high recurring revenues partially offset these factors.

RATINGS LIST

MRI Intermediate Holdings LLC
Corporate Credit Rating               B/Stable/--

Rating Affirmed; Recovery Rating Unchanged

MRI Software LLC
Senior Secured                        B+
  Recovery Rating                      2L



MULTI PACKAGING SOLUTIONS: Moody's Hikes CFR to B1; Outlook Stable
------------------------------------------------------------------
Moody's Investors Service upgraded Multi Packaging Solutions
Limited's corporate family rating to B1 from B2 and probability of
default rating to B1-PD from B2-PD and assigned a B1 rating to the
new $220 million senior secured term loan due 2023.  The proceeds
from the new loan will be used to repay the $200 million senior
unsecured notes as well as to pay fees and expenses related to the
transaction.  Terms and conditions of the new term loan are
expected to be similar to the existing senior secured term loans.
Moody's also assigned a SGL-2 speculative grade liquidity rating
and affirmed other instrument ratings.  The rating outlook is
stable.

"We upgraded Multi Packaging's corporate family rating as the
company improved its leverage metrics in line with expectations,"
said Moody's analyst, Anastasija Johnson.

Moody's took these actions:

Multi Packaging Solutions Limited

   -- Upgraded corporate family rating to B1 from B2
   -- Upgraded probability of default rating to B1-PD from B2-PD
   -- Affirmed senior secured bank credit facilities, B1/LGD 3
   -- Assigned $220 million senior secured term loan due 2023,
      B1/LGD 3
   -- Assigned speculative grade liquidity rating SGL--2
   -- The outlook was changed to stable from positive

Multi Packaging Solutions, Inc.

   -- Unchanged senior unsecured notes - Caa1/LGD6 (to be
      withdrawn at close)

                        RATINGS RATIONALE

The B1 corporate family rating reflects moderate leverage, relative
scale as a global non-integrated manufacturer of packaging cartons
and labels and exposure to stable consumer and healthcare end
markets, which represent 89% of sales.  The rating reflects
geographic, operational and customer diversity, strong margins in
mid-teens and modest capex requirements that support free cash flow
generation.  Tempering these strengths are acquisition-driven
growth strategy and majority private equity ownership, which
typically entails elevated financial risks. Additional rating
constraints include relative short-track record as a public company
(since October 2015).  Other credit negatives are a fragmented
industry with competitive pricing pressure, exposure to a
multimedia market in secular decline, lags in passing through raw
material cost increases and foreign-exchange risks.

The stable outlook reflects expectations that the company will
maintain moderate leverage and strong margins on the back of modest
organic growth in the main consumer and healthcare market and
ongoing operational improvement initiatives.

The rating could be upgraded if the company establishes a sustained
track record of maintaining its publicly stated leverage targets
while executing its acquisition-driven growth strategy.
Specifically, ratings could be upgraded if debt/EBITDA remains
below 4.0x on a sustained basis, EBITDA margin remains above 15%
and the company maintains good liquidity.

Ratings could be lowered if the company's performance deteriorated
and its acquisition-driven growth strategy worsened its credit
metrics.  Specifically, ratings could be downgraded if debt/EBITDA
rose above 5 times and retained cash flow to debt fell below 7% of
debt.  A material weakening in liquidity, evidenced by a pattern of
negative free cash flow or substantial drawings on revolving credit
facilities, could also pressure ratings.

Moody's assigned an SGL-2 speculative grade liquidity rating which
indicates that we expect the company to maintain good liquidity
over the next 12 to 18 months.  The company had $45 million of cash
on hand as of June 30, 2016, the majority of which is held
overseas.  Moody's expects the company to improve its free cash
flow in fiscal 2017, assuming reduction in interest expense and
declining acquisition and integration costs.  The company plans to
upsize its $50 million US Dollar revolver that matures in August
2018 to $70 million.  The company also has GBP 50 million
multi-currency credit facility which matures in August 2019.  The
company had no borrowings under its revolving facilities as of June
30, 2016 and approximately $116 million of availability under both
revolvers.  Annual amortization payments are approximately 1% of
the initial principal amounts annually and there are no near-term
maturities until the GBP revolver expires in 2019.  The credit
facilities have a springing net maximum first lien leverage
covenant if borrowings exceed 25% of the commitments.  The company
had substantial cushion under the company and Moody's expect it to
remain in compliance with the covenants over the next 12-18
months.

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

Multi Packaging Solutions Limited (Multi Packaging), through its
main operating subsidiaries in the US and Europe, is a global
provider of consumer packaging products and solutions to the
consumer, health care, and multi-media markets.  Following the IPO
and secondary offering, equity sponsors The Carlyle Group and
Madison Dearborn Partners, Inc own a combined 55% of the company's
shares.  Revenue for the twelve months ended June 30, 2016, totaled
$1.7 billion.


MUSCLEPHARM CORP: Wynnefield Holds 8.3% Stake as of Sept. 15
------------------------------------------------------------
In an amended Schedule 13D filed with the Securities and Exchange
Commission, Wynnefield Partners Small Cap Value, L.P. I, et al.,
disclosed that as of Sept. 15, 2016, they beneficially owned in the
aggregate 1,150,470 shares of Common Stock, constituting
approximately 8.3% of the outstanding shares of Common Stock of
Musclepharm Corp.

The percentage of shares of Common Stock reported as being
beneficially owned by the Wynnefield Reporting Persons is based
upon 13,834,680 shares outstanding as of Aug. 1, 2016, as set forth
in the Company's quarterly report on Form 10-Q for the quarter
ended June 30, 2016, filed with the SEC on Aug. 9, 2016.

The following table sets forth certain information with respect to
Common Stock directly beneficially owned by the Wynnefield
Reporting Persons listed below:

                                              Percentage
                           Number of        of Common Stock        

  Name                    Common Stock         Outstanding  
  ----                    ------------      ---------------
Wynnefield Partners         515,922               3.7%
Small Cap Value, L.P. I

Wynnefield Partners         331,527               2.4%
Small Cap Value, L.P

Wynnefield Small Cap        263,021               1.9%
Value Offshore Fund, Ltd.

Wynnefield Capital, Inc.     40,000                .3%
Profit Sharing & Money
Purchase Plan

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

                     https://is.gd/i1uGeu

                       About MusclePharm

Headquartered in Denver, Colorado, MusclePharm Corporation
(OTC BB: MSLP) -- http://www.muslepharm.com/-- is a healthy life-  

style company that develops and manufactures a full line of
National Science Foundation approved nutritional supplements that
are 100 percent free of banned substances.  MusclePharm is sold in
over 120 countries and available in over 5,000 U.S. retail outlets,
including GNC and Vitamin Shoppe.  MusclePharm products are also
sold in over 100 online stores, including bodybuilding.com,
Amazon.com and Vitacost.com.

MusclePharm Corporation reported a net loss of $13.8 million in
2014, a net loss of $17.7 million in 2013 and a net loss of $19
million in 2012.

As of June 30, 2016, MusclePharm had $50.62 million in total
assets, $65.63 million in total liabilities and a total
stockholders' deficit of $15 million.


MYPLAY DIRECT: Hires Halperin Battaglia as Counsel
--------------------------------------------------
MyPlay Direct, Inc., seeks authorization from the U.S. Bankruptcy
Court for the Southern District of New York to retain Halperin
Battaglia Benzija, LLP as counsel, nunc pro tunc to August 25,
2016.

The Debtor requires HBB to:

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

    b. assist the Debtor to emerge from the chapter 11 case;

    c. assist the Debtor in confirming a plan in this case;

    d. prepare, on behalf of the Debtor, necessary applications,
answers, orders, reports and other motions, complaints, pleadings
and documents;

    e. appear before the Bankruptcy Judge and the United States
Trustee and to represent the interests of the Debtor before said
Bankruptcy Judge and the United States Trustee; and

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

HBB will be paid at these hourly rates:

     Attorneys            $295-$575
     Law Clerks           $135-$150
     Paraprofessionals    $95-$125

Alan D. Halperin, Esq., member of the law firm of Halperin
Battaglia Benzija, 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 Debtor and its estates.

HBB may be reached at:

     Alan D. Halperin, Esq.
     Donna H. Lieberman, Esq.
     Julie Dyas Goldberg, Esq.
     Halperin Battaglia Benzija, LLP
     49 Wall Street, 37th Floor
     New York, NY 10005
     Phone: (212)765-9100
     Fax: (212)765-0964
     E-mail: ahalperin@halperinlaw.com
             dlieberman@halperinlaw.com
             jgoldberg@halperinlaw.com

                About MyPlay Direct, Inc.



MyPlay Direct, Inc. filed a chapter 11 petition (Bankr.
S.D.N.Y. Case No. 16-12457) on August 25, 2016.  The petition was
signed by Jeremy Bernstein, interim chief financial officer.  The
Debtor is represented by Alan D. Halperin, Esq., at Halperin
Battaglia Benzija, LLP.  The Debtor disclosed total assets at
$1.3 million and total liabilities at $4.13 million as of August
25, 2016.



NATURESCAPE HOLDING: Involuntary Chapter 11 Case Summary
--------------------------------------------------------
Alleged Debtor: Naturescape Holding Group Int'l Inc.
                73-4840 Kanalani Street, Suite 143
                Kailua-Kona, HI 96740

Case Number: 16-00982

Involuntary Chapter 11 Petition Date: September 16, 2016

Court: United States Bankruptcy Court
       District of Hawaii (Honolulu)

Judge: Hon. Robert J. Faris

Petitioners' Counsel: Louise K. Y. Ing, Esq.
                      ALSTON HUNT FLOYD & ING
                      1001 Bishop Street, #1800 ASB Tower
                      Honolulu, HI 96813
                      Tel: (808) 524-1800
                      Fax: (808) 524-4591
                      E-mail: ling@ahfi.com

                        - and -
  
                      Ted N. Pettit, Esq.
                      CASE LOMBARDI & PETTIT
                      737 Bishop Street, Suite 2600
                      Honolulu, HI 96813
                      Tel: (808) 547-5400
                      Fax: (808) 523-1888
                      E-mail: tnp@caselombardi.com

                        - and -

                      Ellen Andrea Swick, Esq.
                      CASE LOMBARDI & PETTIT
                      737 Bishop Street, Suite 2600
                      Honolulu, HI 96813
                      Tel: (808) 547-5400
                      E-mail: eas@caselombardi.com

Alleged creditors who signed the petition:

   Petitioners                  Nature of Claim  Claim Amount
   -----------                  ---------------  ------------
Karen R. Fazzio                   Broker Fees        $87,850
7711 Chance Drive
Cleves, OH 45002
808-547-5400

Mario Hooper                   Product Nonpayment     $4,263
P.O. Box 1180
Kealakekua, HI 96750
8085475400

GemCap Lending I, LLC             Secured Claim      $15,325       
        
24955 Pacific Coast
Highway, Ste. A202
Malibu, CA 90265


NEIMAN MARCUS: Bank Debt Trades at 6.04% Off
--------------------------------------------
Participations in a syndicated loan under Neiman Marcus is a
borrower traded in the secondary market at 93.96
cents-on-the-dollar during the week ended Friday, September 9,
2016, according to data compiled by LSTA/Thomson Reuters MTM
Pricing.  This represents an increase of 0.29 percentage points
from the previous week.  CEC Entertainment pays 300 basis points
above LIBOR to borrow under the $2.9 billion facility. The bank
loan matures on Oct. 16, 2020 and carries Moody's B2 rating and
Standard & Poor's B- rating.  The loan is one of the biggest
gainers and losers among 247 widely quoted syndicated loans with
five or more bids in secondary trading for the week ended September
9.


NEXT GROUP HOLDINGS: Capital Deficiency Raises Going Concern Doubt
------------------------------------------------------------------
Next Group Holdings, Inc., filed its quarterly report on Form 10-Q,
disclosing a net loss of $2.99 million on $2,707 of revenue for the
three months ended June 30, 2016, compared with a net loss of
$232,050 on $33,268 of revenue for the same period in 2015.

For the six months ended June 30, 2016, the Company listed a net
loss of $3.75 million on $85,010 of revenue, compared to a net loss
of $279,546 on $142,194 of revenue for the same period in the prior
year.

The Company's balance sheet at June 30, 2016, showed $1.60 million
in total assets, $5.85 million in total liabilities, $22,066 in
total non-controlling interest in subsidiaries, and a stockholders'
deficit of $4.23 million.

The Company has a working capital deficiency of $5,367,948 and
accumulated deficit of $4,463,047 as of June 30, 2016.  These
factors raise substantial doubt about its ability to continue as a
going concern. The Company's ability to continue as a going concern
is dependent on the ability to raise additional capital and
implement its business plan.  The financial statements do not
include any adjustments that might be necessary if the company is
unable to continue as a going concern.

A copy of the Form 10-Q is available at:
                              
                       https://is.gd/fleMd6

                   About Next Group Holdings, Inc.

Next Group Holdings, Inc., formerly Pleasant Kids, Inc., through
its operating subsidiaries, is engaged in the business of using its
technology and certain licensed technology to provide mobile
banking, mobility and telecommunications solutions to underserved,
unbanked and emerging markets.  Its subsidiaries are Meimoun and
Mammon, LLC (100% owned), Next Cala, Inc (94% owned).  NxtGn, Inc.
(65% owned) and Next Mobile 360, Inc. (100% owned).  Additionally,
Next Cala, Inc. has a 60% interest in NextGlocal, a joint venture
formed in May 2016.


NEXTSTEP DEVELOPMENT: Can Use WienRitter Realty Cash Collateral
---------------------------------------------------------------
Judge Craig A. Gargotta of the U.S. Bankruptcy Court for the
Western District of Texas authorized Nextstep Development, Inc., to
use cash collateral on an interim basis.

Judge Gargotta authorized the Debtor to temporarily use cash
collateral in order to avoid immediate and irreparable harm to the
Debtor and its bankruptcy estate pending a final hearing.

The approved 15-Day Budget covers the period Sept. 6, 2016 to Sept.
21, 2016 and provides for total expenses in the amount of $29,403.

Secured creditor WeinRitter Realty LP was granted a replacement
lien and security interest on all of the Debtor's accounts,
receivables and their proceeds, to the extent acquired after the
Petition Date.  Judge Gargotta held that the ad valorem taxes
currently held by Bexar County incident to any real property or
tangible personal property will neither be primed by nor
subordinated to WeinRitter Realty's replacement lien.

A continued hearing on the use of cash collateral is scheduled on
Sept. 27, 2016 at 9:30 a.m.

A full-text copy of the Interim Order, dated Sept. 14, 2016, is
available at https://is.gd/kfpdlb

                  About Nextstep Development

Nextstep Development, Inc., doing business as Quality Inn Downtown
South dba Econo Lodge Downtown South, filed a chapter 11 petition
(Bankr. W.D. Tex. Case No. 16-52019) on Sept. 6, 2016.  The
petition was signed by Niraj Patel, director.  The Debtor is
represented by William B. Kingman, Esq., at the Law Offices of
William B. Kingman, PC.  The case is assigned to Judge Craig A.
Gargotta.  The Debtor estimated assets and liabilities at $1
million to $10 million at the time of the filing.


NJOY INC: Case Summary & 20 Largest Unsecured Creditors
-------------------------------------------------------
Debtor: NJOY, Inc.
        15211 N. Kierland Blvd., Suite 200
        Scottsdale, AZ 85254

Case No.: 16-12076

Type of Business: Manufacturer and distributor of electronic
                  nicotene delivery systems

Chapter 11 Petition Date: September 16, 2016

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

Debtor's Counsel: Brya M. Keilson, Esq.
                  GELLERT SCALI BUSENKELL & BROWN, LLC
                  1201 N. Orange Street, Suite 300
                  Wilmington, DE 19801
                  Tel: 302-416-3355
                  Fax: 302-425-5814
                  E-mail: bkeilson@gsbblaw.com

Debtor's          
Financial
Advisor:          SIERRACONSTELLATION PARTNERS, LLC

Debtor's          
Investment        
Banker:           COHNREZNICK CAPITAL MARKETS SECURITIES LLC

Estimated Assets: $10 million to $50 million

Estimated Debts: $10 million to $50 million

The petition was signed by Jeffrey Weiss, general counsel and
interim president.

Debtor's List of 20 Largest Unsecured Creditors:

   Entity                          Nature of Claim   Claim Amount
   ------                          ---------------   ------------
Caesars Entertainment                 Marketing        $3,775,400
P.O. Box 17010                       Sponsorship
Las Vegas, NY 89114
Jason M. Gastwirth
Tel: 702-4017-6002
Email: jgaswirth@caesars.com

DLA Piper, LLP (US)                     Legal          $2,251,125
2525 East Camelback Road               Services
Suite 100
Phoenix, AZ 85016-4232
Steven Pidgeon
Tel: 480-606-5124
Email: steven.pidgeon@dlapiper.com

Goodwin Procter LLP                      Legal         $1,072,200
53 State Street                         Services                  

Boston, MA 02210
David Van Horne
Tel: 415-733-6072
Email: davidhorne@goodwinprocter.com

Media Storm, LLC                        Marketing        $562,425
P.O. Box 6411                          Professional
Brattelboro, VT 05302-6411               Services
Catherine Murphy
Tel: 203-354-5334
Email: cmurphy@watercoolergoup.biz

Sheetz, Inc.                            Trade Debt       $334,644
242 Sheets Way
Claysburg, PA 16625
Paul Crozier
Tel: 814-330-7958
Email: pcrozier@sheetz.com

Rabinowitz, Josh                    R&D Professional     $314,635
2 Greenholm Street                      Services
Princeton, NJ 08540
Josh Rabinowitz
Tel: 650-906-3854
Email: josh@princeton.edu

Walgreen Company                        Trade Debt       $435,181
14130 Collections Ct. Drive
Chicago, IL 60693
Keith Loeffler
Tel: 847-315-2186
Email: keith.loeffler@walgreens.com

Caesars Interactive Entertainment      Marketing         $260,100
One Ceasars Palace Drive              Sponsorhip
Las Vegas, NY 89109-8969
Kathy Backer
Tel: 702-407-6300
Email: kbacker@caesar.com

Hackney                                Trade Debt        $240,805
Email: mike.anderson@hthackney.com

West Consolidators, Inc.                Inbound          $211,170
Email: kenwong@westconsol.com           Freight

Biozone Laboratories, Inc.              Product          $186,695
Email: pfhaney@biozonelabs.com          Supplier

Costco-Mira Loma                        Trade Debt       $168,898
Email: kbjones@costco.com

Kleinfield, Kaplan and Becker LLP         Legal          $161,256
Email: sehrlich@kkblaw.com              Services

Wolf Greenfield & Sacks, PC               Legal          $157,905
Email: john.strand@wolfgreenfield.com    Services

S Abraham & Sons                         Trade Debt      $155,884
Email: philip.abraham@sasinc.com

Mapco Express, Inc.                      Trade Debt      $144,275
Email: mike.nelson@mapcoexpress.com

Carmona, Richard                         Board Fees      $140,860
Email: rcarmona@canyonranch.com

AMEX Purchasing                          Bank Loan       $124,216

Eby Brown-Montgomery                    Trade Debt       $113,586
Email: george.main@eby-brown.com

GPM Investments LLC                     Trade Debt       $111,262
Email: rmione@gpminvestments.com


NJOY INC: E-Cigarettes Seller Files for Bankruptcy Protection
-------------------------------------------------------------
NJOY, Inc., manufacturer and distributor of electronic nicotine
delivery systems (ENDS), sought bankruptcy protection on Sept. 16,
2016, after its Kings 2.0 disposable e-cigarette (an alternative to
smoking combustible cigarettes), was rejected by the market.  In
January 2014 and only a few months from its initial launch, NJOY
ceased the manufacturing of Kings 2.0 product.

NJOY intends to market its assets to ensure that it obtains the
highest or best offers in accordance with certain bid procedures,
subject to the court's approval.  

In January 2016, the Debtor hired Barclay's Capital Inc. to act as
its investment advisor to explore the potential sale of its
business to strategic purchasers.  While some parties expressed
interest in acquiring its assets, Barclay's received no formal
offers.  In June 2016, Barclays re-marketed the Debtor's business
and executed non-disclosure agreements to conduct due diligence.

The Debtor said it incurred substantial incremental costs in
replacing Kings 2.0 with an improved product.  Gross profit
decreased $15.2 million as of June 30, 2014, primarily related to
the Kings 2.0 launch.  In the first quarter of 2014, the Debtor
recorded an additional $3.9 million of excess product returns
reserve as a reduction in net sales.  Following a peak of $92.9
million in 2013, gross sales of Kings declined to $22.6 million in
2014 and $7.4 million in 2015.

Government regulation also affected the Debtor's liquidity
position.  In May 2016, the FDA issued a ruling requiring
manufacturers of "newly deemed" ENDS products to, among other
things, (a) register with the FDA and report product ingredient
listings; (b) only market new products after obtaining pre-market
approval from the FDA; (c) not distribute free samples; (d) include
a health warning on the packaging and not make "reduced risk"
claims unless the FDA confirms the claim by scientific evidence.
The Company also incurred substantial expenses in addressing and
complying with the numerous state and local laws concerning the
e-cigarettes products.

In addition, NJOY incurred significant legal expenses in the
defense of an infringement lawsuit commenced in June 2012 by Ruyan
Investment (Holdings) Limited and its patent assignee, Fontem
Ventures BV.  The lawsuit, which implicated all of the Debtor's
then-existing device products, was settled in November 2015 based
on confidential settlement terms.  In the course of that litigation
and reexamination proceedings, NJOY incurred attorneys' fees in
excess of $2.5 million.

Headquartered in Scottsdale, Arizona, NJOY sells e-cigarettes and
vaping products to wholesalers, distributors and retailers.  The
Company was the first major ENDS company to offer products across
all form factors: disposable and rechargeable cigalikes, open
system e-liquids and vaping devices, and advanced closed system
e-liquids.  The Debtor has no in-house manufacturing capabilities.
Its hardware is sourced from two major suppliers in China.  The
Debtor sources e-liquids from facilities based in the United
States.  As of Sept. 9, 2016, the Debtor had a total of 15
employees.

As of June 30, 2016, the Debtor had: (a) an accumulated deficit of
$234.4 million; (b) total current liabilities of $32.17 million;
(c) total outstanding loans of $3.8 million with FLFC Lending Co.;
and (e) accounts payables of approximately $14.02 million.

NJOY has hired Gellert Scali Busenkell & Brown, LLC as counsel,
Sierraconstellation Partners, LLC as financial advisor, Cohnreznick
Capital Markets Securities Investment LLC as investment banker and
UpShot Services LLC as notice and claims agent.

Contemporaneously with the petition, the Debtor filed various first
day motions seeking permission to, among other things, obtain
postpetition financing, pay critical vendor claims, use existing
cash management system, and pay employee obligations.

The case is In re NJOY, Inc., Bankr. D. Del. Case No. 16-12076.
The case is pending before the Honorable Christopher S. Sontchi.

A full-text copy of Jeffrey Weiss' declaration is available at:

         http://bankrupt.com/misc/4_NJOY_Declaration.pdf


O2 PARTNERS: Moody's Rates Proposed $212MM Facilities B2
--------------------------------------------------------
Moody's Investors Service assigned B2 ratings to O2 Partners, LLC's
(dba "Ortholite") proposed $212 million senior secured credit
facilities.  Moody's also assigned a B2 Corporate Family and a
B3-PD Probability of Default rating to the company.  The ratings
outlook is stable.

Ortholite intends to use proceeds from the proposed term loan to
refinance existing debt and fund a dividend to shareholders of its
parent company, BP Ortholite LLC, and pay fees and expenses.  The
assigned ratings are based on terms and conditions of the financing
provided to Moody's, and are subject to review of final
documentation.  This is a first-time rating on Ortholite.

Ratings assigned:

  Corporate Family Rating at B2
  Probability of Default Rating at B3-PD
  $12 million senior secured revolver due 2021 at B2 (LGD 3)
  $200 million senior secured term loan due 2022 at B2 (LGD 3)
The ratings outlook is stable

                         RATINGS RATIONALE

Ortholite's B2 CFR reflects small revenue scale, narrow product
focus on high-performance footwear insoles, and high concentration
of sales with a few sizeable branded footwear companies.  The
rating also considers the inherent risks of being owned by a
private equity sponsor, specifically as it relates to the potential
for shareholder-friendly financial policies.  At around 4.0x,
Ortholite's pro forma lease-adjusted debt/EBITDAR will be moderate
following the proposed debt-financed dividend, although debt is
higher than the company's trailing twelve month revenue. Interest
coverage will exceed 3.0x.

The rating also reflects Ortholite's well-recognized brand name
within its narrow category and stable customer relationships,
supported by increased co-branding with many of its well-known
customers.  Moody's believes that stable growth is the result of
favorable industry fundamentals such as population growth, rising
incomes, premiumization driven by increased awareness in health &
wellness, and the recurring nature of footwear purchases in
general.  Ortholite has grown rapidly since its creation in 1997,
and has achieved very strong profit margins that are consistent
with many premium apparel brands.  When coupled with modest capital
expenditure and working capital needs, the company generates
positive free cash flow that Moody's expects will be used to
materially reduce debt and leverage.

The B2 ratings assigned to Ortholite's secured credit facilities
reflect the first lien position on substantially all domestic
assets of the company and guarantors, 100% of all outstanding
equity of the direct subsidiaries and 65% of the voting equity
interest in foreign subsidiaries.  The facilities comprise the
entire capital structure.  The facilities are guaranteed by BP
Ortholite LLC, the company's direct parent company.

The stable outlook reflects Moody's expectation for gradual
improvement in debt protection metrics over the next 12-18 months
due to continued profitable growth and debt reduction.

A ratings upgrade would require increased revenue scale and greater
product and channel diversity.  An upgrade would also require very
good liquidity and an expectation that financial policies will
preserve a stronger quantitative credit profile. Metrics include
lease-adjusted debt/EBITDAR sustained near 3.0x and EBITA/Interest
near 5.0x.

The ratings could be downgraded if operating results were to turn
meaningfully negative, financial policies become more aggressive or
liquidity materially erodes, particularly if free cash flow were to
turn negative.  Specific metrics include lease-adjusted
debt/EBITDAR rising above 5.5x and EBITA/Interest falling below
2.0x.

Headquartered in Amherst, MA, Ortholite designs, manufactures and
supplies high-performance, open-cell foam insoles to branded
footwear companies.  Revenue for the twelve month period ended June
2016 exceeded $150 million.

The principal methodology used in these ratings was Global Apparel
Companies published in May 2013.


OASIS PETROLEUM: S&P Affirms 'B+' CCR & Revises Outlook to Stable
-----------------------------------------------------------------
S&P Global Ratings affirmed its 'B+' corporate credit rating, on
Houston, Texas-based oil and gas exploration and production company
Oasis Petroleum Inc. and revised the rating outlook to stable from
negative.

S&P also affirmed its 'B+' issue-level rating on the company's
senior unsecured debt.  S&P simultaneously revised the recovery
rating on this debt to '3', indicating its expectation of
meaningful (50% to 70%; lower end of range) recovery in the event
of a payment default, from '4'.  Finally, S&P assigned its 'B+'
issue-level rating to the company's newly issued senior unsecured
convertible notes due 2023.

"The revised outlook reflects our view that Oasis' credit measures
will remain adequate for our expectations for a 'B+' rating through
2017," said S&P Global Ratings credit analyst Christine Besset.

S&P has reduced its forecasts for operating costs to reflect the
cost savings achieved by Oasis in the first half of 2016, and have
lowered the company's capital spending in line with company
guidance in 2016 and S&P's expectation that Oasis will spend within
cash flow in 2017.  S&P notes that Oasis was able to maintain
broadly stable production in 2015 and 2016 despite a sharp
reduction in capital spending and S&P expects this trend to
continue in 2017.

S&P's revision of the recovery ratings on Oasis' senior unsecured
debt reflects an increase in the valuation of the company's oil and
gas reserves as of midyear 2016 due to reserves additions and lower
operating costs since year-end 2015.

The ratings on Oasis reflect S&P's assessment of the company's
business risk as weak, its financial risk as aggressive and
liquidity as adequate.

The stable outlook reflects S&P's expectation that Oasis will be
able to maintain FFO/debt around 15% over the next couple years
despite S&P's weak outlook for commodity prices.  In particular,
S&P expects the company will not outspend cash flows in 2017.
S&P's forecast scenario assumes that Oasis will be able to maintain
production broadly flat next year with capital spending of only
about $300 million.

S&P could lower the ratings if it expected FFO/debt to fall below
12% for a prolonged period.  This would most likely be due to a
further weakening in commodity prices, lower-than-expected
production or higher-than-expected capital spending.

S&P could consider an upgrade if it forecasted FFO/debt to increase
and remain above 20% on a sustained basis.  This would most likely
be due to commodity prices averaging above S&P's price deck
assumptions.


P & L GAS DISPENSERS: Disclosure Statement Hearing on October 5
---------------------------------------------------------------
The U.S. Bankruptcy Court for the Southern District of Texas is set
to hold a hearing on October 5, at 11:00 a.m., to consider approval
of the disclosure statement explaining the Chapter 11 plan of P & L
Gas Dispensers LLC.

The hearing will take place at the U.S. Bankruptcy Court, Courtroom
304, 4th Floor, 515 Rusk Avenue, Houston, Texas.   Objections are
due by September 30.

P & L Gas Dispensers, LLC, filed a Chapter 11 bankruptcy petition
(Bankr. S.D. Tex. Case No. 16-30165) on January 5, 2016.  The
Debtor is represented by James Patrick Brady, Esq., at Brady Law
Firm.


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

Patriot One, Inc. filed Chapter 11 bankruptcy petition (Bankr.
W.D. Pa. Case No. 16-23160) on August 26, 2016.  Robert O. Lampl,
Esq., serves as the Debtors' counsel.


PEN INC: Accumulated Deficit Raises Going Concern Doubt
-------------------------------------------------------
PEN Inc. filed its quarterly report on Form 10-Q, disclosing a net
loss of $125,691 on $2.21 million of total revenues for the three
months ended June 30, 2016, compared with a net loss of $582,578 on
$2.31 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 $245,626 on $4.19 million of total revenues, compared to a
net loss of $767,970 on $5.38 million of total revenues for the
same period in the prior year.

The Company's balance sheet at June 30, 2016, showed $3.70 million
in total assets, $4.12 million in total liabilities, and a
stockholders' deficit of $418,341.

As reflected in the consolidated financial statements filed with
its Form 10-K on March 30, 2016, the Company had a net loss of
$1,869,247 and $2,370,254 for the years ended December 31, 2014 and
2015. Additionally, the Company had a net loss of $245,626 for the
six months ended June 30, 2016.  Additionally, the Company had an
accumulated deficit, a stockholders' deficit and a working capital
deficit of $5,589,792, $418,341 and $944,173, respectively, at June
30, 2016.  These factors raise substantial doubt about the
Company's ability to continue as a going concern.  Management
cannot provide assurance that the Company will ultimately achieve
profitable operations or become cash flow positive, or raise
additional debt and/or equity capital.  During 2015 and continuing
in the first two quarters of 2016, management has taken measures to
reduce operating expenses.

Although the Company has historically raised capital from sales of
equity and from the issuance of promissory notes, there is no
assurance that it will be able to continue to do so.  If the
Company is unable to raise additional capital or secure additional
lending in the near future, management expects that the Company
will need to curtail its operations.

A copy of the Form 10-Q is available at:
                              
                       https://is.gd/58D0G4

                          About PEN Inc.

PEN Inc. through its wholly-owned subsidiary, Nanofilm, Ltd.,
develops, manufactures and sell products based on technology which
permits the fabrication of oriented, ultra-thin films of organic or
polymeric crystals, and also produces a line of personal lens
cleaners and accessories. These products are marketed
internationally primarily to customers in the eyeglass industry.  

Through its wholly-owned subsidiary, Applied Nanotech, Inc.,
primarily conducts research and development services for
governmental and private customers.


PHOENIX BRANDS: Wants Jan. 14 Exclusive Plan Filing Extension
-------------------------------------------------------------
Phoenix Brands LLC and its affiliated Debtors ask the U.S.
Bankruptcy Court for the District of Delaware to extend their
exclusive periods to file a chapter 11 plan and solicit acceptances
to the plan, to January 14, 2017 and March 15, 2017, respectively.

The Debtors relate that since the closings on the Debtors' very
successful sales of their three business units, the Debtors'
personnel and management have been fully engaged in the transition
of these businesses to the purchasers in accordance with the
transition services agreements entered into between the Debtors and
the Purchasers as part of the sales process.   The Debtors further
relate that implementation of the TSAs has been unexpectedly
difficult and required significant and time consuming work and
negotiations by management and the CRO with the purchasers and with
vendors who provide logistics, warehousing, and material to the
Debtors.

The Debtors tell the Court that simultaneously, their legal and
financial advisory professionals have been analyzing financial
data, filed proofs of claim, potential causes of action and
avoidance actions, and intercompany transfers and transactions to
prepare a confirmable plan of liquidation that will provide
distributions to the Debtors' unsecured creditors.   The Debtors
further tell the Court that to complete the plan and disclosure
statement and all incorporated financial analytics as well as to be
in a position to share the proposed plan with the Official
Committee of Unsecured Creditors and the Debtors' largest creditors
prior to filing, the professionals require input and material from
the very same small management team that also services the TSAs.

The Debtors contend that the TSA for the Canadian business has just
ended and that business has been fully transitioned to the
purchaser of the Canadian business. The Debtors further contend
that this will free up some of management's time and the Debtors
believe they will be in a position to file their plan and
disclosure statement shortly.  The Debtors request the Court for a
120-day extension of their Exclusive Periods in order to do so.

The Debtors' exclusive period to file a chapter 11 plan was set to
expire on September 16, 2016, while their exclusive period to
solicit acceptances to the plan is set to expire on November 15,
2016.

                          About Phoenix Brands LLC.

Phoenix Brands LLC, Phoenix Brands Parent LLC, Phoenix North LLC,
and Phoenix Brands Canada ULC filed chapter 11 petitions (Bankr. D.
Del. Case Nos. 16-11242 to 16-11245) on May 19, 2016.  The
petitions were signed by William Littlefield, CEO and President.  

The cases are assigned to Judge Brendan Linehan Shannon.  A motion
for joint administration of the Chapter 11 cases is pending.   

The Debtors are represented by Joseph T. Modlovan, Esq. and Robert
K. Dakis, Esq., at Morrison Cohen LLP.  The Debtors have retained
Laura Davis Jones, Esq. and Joseph M. Mulvihill, Esq., at Pachulski
Stang Ziehl & Jones LLP as Local Counsel; Houlihan Lokey as
Investment Banker; Getzler Henrich & Associates LLC as Financial
Advisor; Hunterpoint, LLP as CRO Provider; Osler, Hoskin & Harcourt
LLP as Canadian Counsel; and Omni Management Group, LLC as
Claims/Noticing Agent.

The Debtors estimated assets and debts at $10 million to $50
million at the time of the filing.



PHOTO STENCIL: Hires EKS&H for Accounting Services
--------------------------------------------------
Photo Stencil, LLC seeks authorization from the U.S. Bankruptcy
Court for the District of Colorado to employ EKS&H, LLLP to provide
accounting services.

The Debtor is engaged in business as a designer and manufacturer of
high-performance stencils, squeegee blades, and tooling for the
surface mount assembly, solar, and semiconductor industries. Among
other things, the Debtor designs and manufactures high end stencils
for the electrical component industry and is the only such company
with such capability in North America. The Debtor operates out of
its facility located at 16080 Table Mountain Parkway, Suite 100,
Golden, Colorado 80403.

EKS&H will be providing profession services limited to the
preparation of federal and state tax returns.

The total fee for the preparation of the Debtor's tax returns is
$12,000. EKS&H has also requested a retainer in the amount of
$6,000.

John Browne, partner at EKS&H, LLLP, 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.

EKS&H, LLLP, may be reached at:

    John Browne, partner at EKS&H, LLLP
    7979 East Tufts Avenue, Suite 400
    Denver, CO 80237
    Phone: (303)740-9400
    E-mail: jbrowne@eksh.com

               About Photo Stencil, LLC.



Photo Stencil, LLC, filed a chapter 11 petition (Bankr. D. Colo.
Case No. 16-16897) on July 12, 2016. The petition was signed by
Eric Weissman, CEO.  The Debtor is represented by Lee M. Kutner,
Esq., at Kutner Brinen, P.C. The case is assigned to Judge Michael
E. Romero.  The Debtor estimated assets of $1 million to $10
million and debts of $10 million to $50 million at the time of the
filing.



PICO HOLDINGS: Bloggers Say UCP To Sell For Land Value Only
-----------------------------------------------------------
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 are adamant that UCP will not sell as a going concern,
but instead will sell based on the value of its real estate
inventory. The bloggers note that UCP CFO, Jamie Pirrello writes
frequently on the homebuilder industry. "We read several of Jamie's
posts. We like his conservative bias and impressive breadth of
knowledge. A little less than 2 years ago, Mr. Pirrello wrote an
articulate and honest piece about homebuilder acquisitions. We
include a pertinent quote:

'While classic finance theory values a company based on its
expected future cash flows, today home builders are being valued on
the fair-market-value of the assets being acquired. Home builders
don't get valued on the discounted value of the future cash flow
they are capable of generating.

When a home builder looks to acquire another home builder, the
purchaser views the acquisition as a method to acquire land
positions, as land position are usually the most significant asset
owned by the seller. We can see this by the fact that Goodwill (the
excess of the purchase price over current asset value) is not
commonly recorded as part of an acquisition; all of the premium is
attributed to assets being acquired.'"

The bloggers profess admiration for Mr. Pirrello. "After reading
his work, we have only compliments. Jamie is a sharp, articulate
guy. He demonstrates a strong value streak and a temperance that
likely serves him well in one of America's most cyclical
industries. Rather we include these quotes to demonstrate that RPN
is not just throwing out self-interested opinion. Mr. Pirrello
himself is saying the same things -- just not about UCP -- cuz he
wasn't CFO when he wrote them."

The bloggers cite some of Mr. Pirrello's writings about UCP --
before he became CFO. "Builder Magazine recently released its 2015
Homebuilder Rankings, complete with a Report Card. This publication
grades UCP a C+ and notes, 'It placed last in operations and
fourth-from-the-bottom in financial despite having the fourth-best
EPS growth. . .'

A little more than a year ago, Mr. Pirrello and his team at Juniata
College, ranked UCP in the bottom fifth of publicly traded
homebuilders -- 18th out of 22, to be exact.

Given UCP's short operating history, its low margins, its subscale
presence in all markets but one, its poor corporate governance, its
meager returns on capital, its ranking by Builder Online as one of
the worst publicly-traded homebuilders -- does anyone honestly
think UCP is going to sell at a premium to the fair market value of
the land?

If so, John Hart, PICO CEO, wants to sell you a collection of $3
bills."


PNW ARMS:  Court Inks Approval of ZB N.A. Cash Use Agreement
------------------------------------------------------------
Judge Terry L. Myers the U.S. Bankruptcy Court for the District of
Idaho approved PNW Arms, LLC's Cash Collateral, Adequate
Protection, and Plan Treatment Agreement with ZB N.A. dba Zions
First National Bank.  

Judge Myers also approved the Debtor's proposed monthly adequate
protection payments to Zions, in the amount of $20,000, as well as
the payment of $20,500 to Zions from the sale of certain equipment,
to be distributed to Zions once the proceeds of such sale is
received.

The Troubled Company Reporter published on Sept. 2, 2016, that the
Debtor asked for the Court's approval of its cash collateral
agreement with Zions, which contains, among others, these relevant
terms:

     (a) The Parties agree that the Debtor may use proceeds from
the Zions Bank Cash Collateral from June 21, 2016 through June 30,
2017 in accordance with the stipulated budget.

     (b) The Parties further agree that the Debtor may use proceeds
from the Zions Bank Cash Collateral only for the purposes and in
the amounts set out in Approved Budget during the Agreement Term.

     (c) In exchange for, and as adequate protection to, Zions Bank
for the Debtor's possession and use of the other Zions Bank
Collateral during the pendency of the Bankruptcy Case, including
the Debtor's use of the Zions Cash Collateral during the Agreement
Term, the Debtor agrees to pay Zions Bank $131,750 from the sale of
stock-piled powder and excess equipment pursuant to the schedules
set forth in the Approved Budget.

     (d) To provide Zions Bank with additional adequate protection
for the Debtor's use of the Zions Bank Collateral, the Debtor
agrees to make monthly adequate protection payments to Zions Bank
in the amount of $20,000.00 each, starting on or before September
10, 2016.

     (e) The Parties further agree that Zions Bank will apply such
adequate protection payments received by Zions Bank in the
following order: first, to accrued and unpaid interest; second, to
costs and expenses allowable under the Zions Bank Loan Agreement,
including, reasonable attorneys or professional fees; and third, to
the reduction of outstanding principal.

     (f) The Debtor also grants Zions Bank a first-priority
post-petition security interest and replacement lien upon all
assets of the Debtor, whether such assets were in existence prior
to the commencement of the Bankruptcy Case or have been or may be
acquired by the Debtor after the commencement of the Bankruptcy
Case.

A full-text copy of the Cash Collateral Order, dated September 6,
2016, is available at https://is.gd/wPeqgb


                   About PNW Arms, LLC

PNW Arms, LLC sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. D. Idaho Case No. 16-20457) on June 21, 2016.  

The petition was signed by Mark Baciak, managing member.  The case
is assigned to Judge Terry L. Myers.  The Debtor is represented by
Bruce A. Anderson, Esq., at Elsaesser Jarzabek Anderson Elliott &
Macdonald, Chtd.
                 
At the time of the filing, the Debtor estimated its assets and debt
at $1 million to $10 million.


PORTO RESOURCES: Unsecureds To Be Paid in Full Under Plan
---------------------------------------------------------
Porto Resources LLC filed with the U.S. Bankruptcy Court for the
Eastern District of New York an amended disclosure statement
describing the Debtor's amended plan of reorganization.

Under the Amended Plan, allowed Class 2 General Unsecured Claims
are impaired and will be paid in full on the effective date.  Class
2 includes claims of Robert Gummineck and Mitchell Cantor,
estimated at $1,500 each.

Receivers account current at approximately $125,000 estimated to be
$150,000 by May 2016, should be noted that upon plan confirmation,
any excess funds should be transferred to back the Debtors
operating account.

The Amended Disclosure Statement is available at:

          http://bankrupt.com/misc/nyeb14-41430-141.pdf

Porto Resources LLC filed for Chapter 11 bankruptcy protection
(Bankr. E.D.N.Y. Case No. 14-14130), and is represented by:

     Michael L. Previto, Esq.
     6 Lyndon Lane
     S. Setauket, NY 11720
     Tel: (631) 379-0837


PRESS GANEY: S&P Assigns 'B' CCR After EQT Acquisition
------------------------------------------------------
S&P Global Ratings said that it assigned a 'B' corporate credit
rating to Wakefield, Mass.-based Press Ganey Holdings Inc.
following its acquisition by private equity firm EQT.  At the same
time, S&P assigned its 'B' issue-level rating to the company's
proposed first-lien credit facility, comprising a $70 million
revolving credit facility and a $740 million term loan.  S&P
assigned this debt a recovery rating of '3', indicating its
expectation for meaningful (lower end of the 50%-70% range)
recovery in the event of a payment default.

S&P also assigned its 'CCC+' issue-level rating to the proposed
$288 million second-lien term loan.  S&P assigned this debt a
recovery rating of '6', indicating its expectation for negligible
(0%-10%) recovery in the event of a payment default.

Press Ganey is the leading provider in a narrow business that
focuses on patient-experience services in the U.S.  The company has
a long history in this niche, having built itself into a relatively
dominant market position, serving a majority of acute-care
hospitals in the U.S.  The business outlook is favorable as quality
measures become more meaningful for its clients.  While the company
commands an impressive market share in its core business, S&P
believes there is potential for increased competition.  In
addition, Press Ganey faces heavy competition and low barriers to
entry in a potential future growth engine, its relatively new
consulting business.  Despite competitive pressures, industry
growth should benefit from increasing regulatory requirements for
compliance reporting.  Patient satisfaction measures and Medicare's
reformed pay-for-performance reimbursement model, known as Hospital
and Home Health Consumer Assessment of Healthcare Providers and
Systems (HCAHPS and HHCAHPS), and mandated by the Center for
Medicare and Medicaid Services, drive increased demand for patient
experience services. Medicare pay-for-performance requires some
providers to be measured against their peers on patient
satisfaction for full Medicare payment reimbursement.

The company's strong brand awareness in a very narrow niche market,
aided by a proprietary database including 30 years of
survey-response benchmarking data, helps offset competitive risks.
S&P believes this gives Press Ganey a competitive advantage and
provides some barriers to entry into its patient experience
business.  Demand for patient experience services is largely driven
by health care providers that want to improve clinical outcomes and
measure performance for compensation purposes by benchmarking
patient satisfaction survey results against peers.  S&P expects
demand to increase slightly over the near to medium term, resulting
in a strong recurring revenue base.  The company's average revenue
retention rate was 94% for the Q2 2014-Q2 2016
period.

Pro forma for the recapitalization, Press Ganey's adjusted leverage
will be 7.3x and funds from operations (FFO) to total debt will be
8.5%.  S&P's base-case assumption for 2016 and 2017 indicates that
leverage will be sustained at greater than 6.0x and that FFO to
total debt will be 7%-9%.  S&P views both metrics as well within
the range of a "highly leveraged" financial risk profile.

Base Case Scenario

   -- S&P expects revenue growth of about 18% in 2016 and 10% in
      2017, driven by the cross-sale of services to existing
      clients, small-to-modest sized acquisitions, and price
      increases.

   -- S&P expects slight EBITDA margin improvement to about 38% by

      the end of 2016, up from 36.3% at the end of 2015, driven by

      the continued shift toward electronic measurement and
      delivery and continued sales of higher margin solutions to
      its client base.

   -- S&P projects that annual free operating cash flow generation

      will be more than $40 million over the forecast period.

   -- Following recapitalization, S&P expects adjusted leverage
      will be sustained above 5.0x for the duration of the
      projected period.

S&P assess Press Ganey's liquidity as "adequate," with sources of
cash likely to exceed uses by at least 1.2x for the next 12 months.
However, S&P believes liquidity is constrained in that the company
cannot absorb high-impact, low-probability events without material
refinancing.

Principal Liquidity Sources:

   -- Pro forma cash and cash equivalents of $5 million as of
      June 30, 2016.

   -- Full availability under its $70 million revolving credit
      facility.

   -- Expected FFO of $85 million-$90 million.

Principal Liquidity Uses:
   -- Capital expenditures of $25 million-$30 million.
   -- Moderate acquisitions.
   -- Limited working capital usage.
   -- Mandatory debt payments of $7.4 million per year.

S&P's stable rating outlook on Press Ganey reflects S&P's
expectation that leverage will remain above 6.0x over the next year
following its acquisition by EQT, despite continued revenue growth
and above-average EBITDA margins.

The downside risk is limited given the company's existing solid
market position and diverse customer base.  However, a downgrade
could occur if S&P believes business operations are threatened by
new competition that may result in loss of customers, leading to a
double-digit revenue decline and severe EBITDA margin erosion. Such
an occurrence might result in a revision to S&P's business risk
assessment.

While S&P's base case suggests an upgrade is unlikely in the near
term, it could raise the ratings if Press Ganey achieves solid
growth in the consulting or clinical performance sector and/or
considerably increases its scale within all operations.  S&P could
also raise the ratings if Press Ganey continues to generate and
reinvest high levels of free cash flow back into the business.
These results could prompt S&P to view its business or financial
risk more favorably than its peers.  S&P do not believe the company
can reduce leverage to a level that could trigger an upgrade over
the next year.  


PRIME GLOBAL: Incurs US$220,000 Net Loss in Third Quarter
---------------------------------------------------------
Prime Global Capital Group Incorporated filed with the Securities
and Exchange Commission its quarterly report on Form 10-Q
disclosing a net loss of US$219,990 on US$436,462 of net total
revenues for the three months ended July 31, 2016, compared to a
net loss of US$107,959 on US$504,757 of net total revenues for the
three months ended July 31, 2015.

For the nine months ended July 31, 2016, the Company reported a net
loss of US$485,415 on US$1.28 million of net total revenues
compared to a net loss of US$1.07 million on $1.53 million of net
total revenues for the nine months ended July 31, 2015.

As of July 31, 2016, the Company had US$48.17 million in total
assets, U$18.3 million in total liabilities and US$29.8 million in
total equity.

As of July 31, 2016, the Company had cash and cash equivalents of
$331,587, as compared to $836,794 as of Oct. 31, 2015.  The
Company's cash and cash equivalents decreased as a result of cash
used in operation and repayment of bank loans and repayment to
related parties.

"We expect to incur significantly greater expenses in the near
future, including the contractual obligations that we have assumed
... to begin development activities.  We also expect our general
and administrative expenses to increase as we expand our finance
and administrative staff, add infrastructure, and incur additional
costs related to cope with our development activities, including
directors' and officers' insurance and increased professional
fees.

"We have never paid dividends on our Common Stock.  Our present
policy is to apply cash to investments in product development,
acquisitions or expansion; consequently, we do not expect to pay
dividends on Common Stock in the foreseeable future.

"The continuation of the Company as a going concern is dependent
upon improving our profitability and the continuing financial
support from our stockholders.  Our sources of capital in the past
have included the sale of equity securities, which include common
stock sold in private transactions and public offerings, capital
leases and short-term and long-term debts.  While we believe that
we will obtain external financing and the existing shareholders
will continue to provide the additional cash to meet our
obligations as they become due.  There can be no assurance that we
will be able to raise such additional capital resources on
satisfactory terms.  We believe that our current cash and other
sources of liquidity ... are adequate to support operations for at
least the next 12 months."

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

                        About Prime Global

Kuala Lumpur, Malaysia-based Prime Global Capital Group operated in
the following three business segments during fiscal year 2014: (i)
software business (the provision of IT consulting, programming and
website development services); (ii) plantation business (including
oilseeds and castor seeds business); and (iii) its real estate
business.  In the fourth quarter of fiscal 2014, the Company
discontinued its castor seeds business in China, and in December
2014 it discontinued the software business (the provision of IT
consulting, programming and website services) in Malaysia. As a
result, the Company no longer conduct business operations in China
and anticipate winding down or otherwise selling its interests in
the following entities: Power Green Investments Limited; Max Trend
International Limited and Shenzhen Max Trend Green Energy Co Ltd.

Prime Global reported a net loss US$1.59 million for the year ended
Oct. 31, 2015, compared to a net loss of US$1.33 million for the
year ended Oct. 31, 2014.

Crowe Horwath (HK) CPA Limited, in Hong Kong, China, issued a
"going concern" qualification on the consolidated financial
statements for the year ended Oct. 31, 2015, citing that the
Company has a working capital deficiency, accumulated deficit from
recurring net losses and significant short-term debt obligations
maturing in less than one year as of Oct. 31, 2015.  All these
factors raise substantial doubt about its ability to continue as a
going concern.


PROGRESSIVE ACUTE: Can Use Cash Collateral Until Oct. 18
--------------------------------------------------------
Judge Robert Summerhays of the U.S. Bankruptcy Court for the
Western District of Louisiana authorized Progressive Acute Care,
LLC, et al., to use Business First Bank's cash collateral on an
interim basis.

The Debtors were authorized to use cash collateral for a period
from the Petition Date through the earliest to occur of:

     (a) the payment in full or refinance of all of the Debtors'
obligations under the Loan Documents in their entirety;

     (b) the occurrence of a Termination Event; or

     (c) Oct. 18, 2016.

The approved Budget covers a period of 6 weeks, beginning with the
week ending September 2, 2016 and ending with the week ending
October 14, 2016.  The Budget provides for total cash disbursements
in the amount of $1,099,636 and total non-operating disbursements
in the amount of $829,045.

Business First Bank was granted perfected liens and security
interests on the Debtors' post-petition properties of the kind and
nature that Business First Bank holds in the Debtors' pre-petition
property.

The Debtors were directed to make the following adequate protection
payments to Business First Bank:

     (1) Accrued unpaid interest at the contractual non-default
rate as set forth in the Loan Documents on the revolving line of
credit, evidenced by the promissory note in the original principal
amount of $3,000,000, and dated May 5, 2015, to be paid on a
monthly basis, beginning on June 15, 2016.

     (2) One monthly contractual installmentof $82,010 on the
promissory note executed on April 20, 2013, in the original
principal sum of $20,700,000, with an original maturity date of May
5, 2015, to be paid on June 15, 2016.

The final hearing on the Debtors' Motion is scheduled on October
18, 2016 at 10:00 a.m.

A full-text copy of the Order, dated September 14, 2016, is
available at https://is.gd/a02ps0

A full-text copy of the approved Budget, dated September 14, 2016,
is available at https://is.gd/iIJuA4

               About Progressive Acute Care, LLC.

Progressive Acute Care, LLC, Progressive Acute Care Avoyelles, LLC,
Progressive Acute Care Oakdale, LLC, and Progressive Acute Care
Winn, LLC filed chapter 11 petitions (Bankr. W.D. La. Case Nos.
16-50740, 16-80584, 16-50742, and 16-50743, respectively) on May
31, 2016.  The petitions were signed by Daniel Rissing, CEO.

The Debtors are represented by Barbara B. Parsons, Esq., Catherine
Noel Steffes, Esq., William E. Steffes, Esq., at Steffes, Vingiello
& McKenzie, LLC.  The case is assigned to Judge Robert Summerhays.
The Debtors retained Solic Capital Advisors, LLC as their Financial
Advisor.

The Debtors estimated assets and debts at $10 million to $50
million at the time of the filing.



QPAGOS: Needs Additional Funds to Meet Working Capital Needs
------------------------------------------------------------
Qpagos filed its quarterly report on Form 10-Q, disclosing a net
loss of $768,318 on $945,457 of net revenue for the three months
ended June 30, 2016, compared with a net loss of $539,025 on
$159,465 of net revenue for the same period in 2015.

The Company's balance sheet at June 30, 2016, showed $1.58 million
in total assets, $385,687 in total liabilities, and a stockholders'
equity of $1.19 million.

The Company has incurred a loss since inception resulting in an
accumulated deficit of $7,463,276 as of June 30, 2016, and has not
generated sufficient revenue to cover its operating expenditure,
raising substantial doubt about the Company's ability to continue
as a going concern.  In addition to operational expenses, as the
Company executes its business plan, additional capital resources
will be required.  The Company will need to raise capital in the
near term in order to continue operating and executing its business
plan.  The ability to continue as a going concern is dependent upon
the Company generating profitable operations in the future and/or
obtaining the necessary financing to meet its obligations and repay
its liabilities arising from normal business operations when they
come due.  In addition, the Company intends to raise additional
equity or loan funds to meet its short term working capital needs.


A copy of the Form 10-Q is available at:
                              
                       https://is.gd/YB2TDF

Qpagos, formerly known as Asiya Pearls, Inc., is a Mexico-based
company engaged in the provision of financial transactions and
payment services.  The Company operates a digital payment platform,
named QPAGOS, which enables users to transfer money without opening
a bank account.


QUALITY FLOAT: Can Use First Midwest's Cash Through Oct. 18
-----------------------------------------------------------
Judge Deborah L. Thorne of the U.S. Bankruptcy Court for the
Northern District of Illinois approved the agreement between
Quality Float Works, Inc. and First Midwest Bank extending the
Debtor's use of cash collateral through Oct. 18, 2016.

A status hearing on the use of cash collateral is scheduled on Oct.
11, 2016 at 10:00.

A full-text copy of the Second Interim Order, dated September 6,
2016, is available at https://is.gd/at3LsV


                  About Quality Float Works

Quality Float Works, Inc. filed a Chapter 11 petition (Bankr. N.D.
Ill. Case No. 16-25753), on August 11, 2016.  The petition was
signed by Jason Speer, president.  Judge Deborah L. Thorne presides
over the case.  The Debtor is represented by Robert R. Benjamin,
Esq. at Golan & Christie LLP.

The Debtor is a corporation that manufactures valves and floats
used for level liquid controls.

At the time of filing, the Debtor disclosed total assets at
$481,533 and total liabilities at $1.32 million.


R DUKE ENTERPRISES: Cash Use Motion Mooted by Dismissal
-------------------------------------------------------
Judge Harlin De Wayne Hale of the U.S. Bankruptcy Court for the
Northern District of Texas denied R Duke Enterprises, LLC's motion
that sought the Court's authorization to use cash collateral.

Judge Hale held that the Motion was moot as the Court had granted
the Debtor's request for the voluntary dismissal of its Chapter 11
bankruptcy.
       
                  About R Duke Enterprises

R Duke Enterprises, LLC, filed a chapter 11 petition (Bankr. N.D.
Tex. Case No. 16-32504) on June 28, 2016.  The petition was signed
by Rodney Duke, owner.  The Debtor is represented by Joyce W.
Lindauer, Esq., at Joyce W. Lindauer Attorney, PLLC.  The Debtor
estimated assets at $50,001 to $100,000 and liabilities at $100,001
to $500,000 at the time of the filing.



RANGE RESOURCES: Moody's Affirms Ba3 CFR; Outlook Stable
--------------------------------------------------------
Moody's Investors Service affirmed Range Resources Corporation's
Ba3 Corporate Family Rating, Ba3-PD Probability of Default Rating
(PDR), SGL-3 Speculative Grade Liquidity Rating, and changed its
rating outlook to stable from negative.  At the same time, Moody's
assigned B1 ratings to Range's new exchanged unsecured notes,
downgraded Range's existing unsecured notes to B1, and downgraded
Range's remaining senior subordinated notes to B2.  Moody's also
withdrew all the ratings of Memorial Resource Development Corp.
(MRD).  The rating actions follow the closing of the acquisition of
MRD in an all-stock transaction on Sept. 16, 2016.

"Range's stable rating outlook reflects the positive impact of the
MRD acquisition, including geographical diversification from the
Terryville complex in north Louisiana and improved cash flow and
leverage metrics from the all-stock acquisition," commented
Gretchen French, Moody's Vice President.

Issuer: Range Resources Corporation

  Corporate Family Rating, rating affirmed at Ba3
  Probability of Default Rating, rating affirmed Ba3-PD
  New exchanged 5.875% Senior Unsecured Notes due 2022, rated B1
   (LGD 4)
  New exchanged 5.75% Senior Unsecured Notes due 2021, rated B1
   (LGD 4)
  New exchanged 5% Senior Unsecured Notes due 2022, rated B1
   (LGD 4)
  New exchanged 5% Senior Unsecured Notes due 2023, rated B1
   (LGD 4)
  Senior Unsecured Notes, downgraded to B1 (LGD 4) from Ba3
   (LGD 3)
  Senior Subordinated Regular Notes, downgraded to B2 (LGD 6) from

   B1 (LGD5)
  Speculative Grade Liquidity Rating, affirmed at SGL-3
  Outlook, changed to stable from negative

Issuer: Memorial Resource Development Corp.

  Corporate Family Rating, Withdrawn, previously B2
  Probability of Default Rating, Withdrawn, previously B2-PD
  Senior Unsecured Regular Bond/Debenture, Withdrawn, previously
   Caa1 (LGD5)
  Speculative Grade Liquidity Rating, Withdrawn, previously SGL-2
  Outlook, Changed to withdrawn from rating under review

                        RATINGS RATIONALE

Range's Ba3 CFR reflects its leading position in the Marcellus
Shale region, considerable size and scale, and its history of
strong operational efficiency.  The company has a deep, low
full-cycle cost, drilling inventory in the Marcellus.  The rating
also reflects improving geographic diversity with its exposure to
the Terryville complex in northern Louisiana from the MRD
acquisition. In addition, the company benefits from long-lived
reserves and a high level of operational control of its reserves
(98% of its proved reserves operated), providing significant
control over the pace of future development.

The Ba3 CFR is constrained by Moody's expectation that Range will
generate weak cash flow-based financial leverage metrics into 2017,
primarily because of its exposure to weak natural gas and natural
gas liquids prices.  Helping to offset weak cash flow-based
financial leverage metrics are Range's stronger asset-based
financial leverage metrics, with debt/PD reserves estimated at less
than $4.00/boe in 2017 and the PV-10 value of the company's
reserves/debt, which we expect to remain in excess of 1x in 2017.
The Ba3 rating also considers the integration risk associated with
the MRD acquisition, including execution risk on its drilling
program in the Terryville complex as it further delineates areas
outside the core of the complex.

Range's combined asset and cash flow profile will increase and its
reserves and production will diversify outside of its core
Appalachia region as a result of the MRD acquisition.  Range's
pro-forma proved developed reserves will increase 12% from year-end
2015 and production will increase 25% from the second quarter 2016.
MRD's asset base is located in and around the Terryville complex
of northern Louisiana, where MRD has demonstrated relatively high
single well economics and a strong production growth profile.  The
addition of the Louisiana production gives Range greater access to
Gulf Coast natural gas markets and should allow for enhanced
optionality regarding the utilization of Range's firm
transportation commitments.  However, as compared to the Marcellus,
the delineation of the Terryville complex via horizontal well
results outside of the core area is limited and the depth of the
drilling inventory in the core area is moderate, but could be
increased based on further downspacing results.  This poses
execution risk in Range's drilling program over time, in
particular, its ability to continue to generate production growth
at reasonable returns through the commodity price cycle.

Given the all-stock transaction and MRD's relatively lower cash
flow-based financial leverage, Range's cash flow-based leverage
metrics will improve as a result of the transaction.  With the
benefit of MRD, as well as increased hedges that Range has put in
place in 2017, we expect Range's retained cash flow/debt metrics to
be over 15%.  This compares to Moody's prior expectations that
Range would generate less than 10% retained cash flow/debt in
2017.

Range's SGL-3 Speculative Grade Liquidity Rating reflects the
company's adequate liquidity profile through late 2017, with the
expectation for moderate cash flow outspending in order to continue
to grow production, increased utilization of its revolver to take
out MRD's revolver drawings at close ($514 million) and to fund the
cash tender offer on MRD's unsecured notes ($270 million), and good
alternative liquidity.  Covenant cushion on its PV-9 to total debt
covenant could tighten with a weaker price environment.  Pro-forma
for the acquisition close, Range had $787 million drawn under its
$2.0 billion revolving credit facility maturing October 2019 with a
borrowing base of $3.0 billion. Letters of credit outstanding at
June 30, 2016 were $232 million. Moody's projects over $300 million
in negative cash flow in 2017, without the assumption of asset
sales and per Moody's price estimate of a Henry Hub average price
of $2.50 MMbtu for the year.

Range's unsecured notes, which benefit from subsidiary guarantees,
are rated B1, one notch below the Ba3 CFR, as a result of their
subordination to Range's $2 billion secured revolving credit
facility.  Range's subordinated notes are rated B2, reflected their
subordinated position relative to both Range's secured and
unsecured debt in the capital structure.  The downgrade of Range's
existing unsecured notes and subordinated notes reflects the
closing of Range's debt exchange, which resulted in increased
levels of unsecured debt relative to subordinated debt in Range's
capital structure.  While the exchange helped to simplify Range's
capital structure, with only a modest level of subordinated debt
(roughly $50 million), the lack of material debt cushion provided
by Range's subordinated notes resulted in the notching of the
unsecured notes one-notch below the CFR and the notching of the
subordinated notes two-notches below the CFR.

Range's ratings could be downgraded if Range faces material
production declines, retained cash flow/debt is sustained below 10%
or its liquidity profile weakens.  To consider an upgrade, Range
would need to demonstrate its ability to sustain its ratio of
retained cash flow/debt above 15%.  An upgrade would also consider
Range's success in integrating MRD and demonstrating success in its
drilling program in the Terryville complex.

Moody's withdrew MRD's bond rating as the information made
available by Range in the future will be insufficient to maintain
ratings.  Moody's understands that Range will not guarantee MRD's
remaining bond and will not be providing audited financial
statements that would support continued rating of this debt
obligation on a standalone basis.  Moody's has withdrawn the rating
because it believes it has insufficient or otherwise inadequate
information to support the maintenance of the rating.

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

Range Resources Corporation is an independent exploration and
production company that is headquartered in Fort Worth, Texas.


REO HOLDINGS: Trustee Selling Pleasant Property for $8.5K
---------------------------------------------------------
Eva M. Lemeh, Trustee of REO Holdings, LLC, asks the U.S.
Bankruptcy Court for the Middle District of Tennessee to authorize
the sale of property located at 8318 Mt. Joy Rd., Mt Pleasant,
Tennessee to Randy and Angie Holden for $8,500.

A hearing on the Motion is set for Oct. 18, 2016 at 9:30 a.m.  The
objection deadline is Oct. 4, 2016.

The Trustee proposes to sell the property on "as is, where is"
basis, and free and clear of any liens.

The property is subject to a pro-rated 2016 property taxes in the
approximate amount of $950.

As of the date, pursuant to a search of public records, the Trustee
is not aware of any other claimed interest or lien in the
property.

The Debtor submits the sale is in the best interest of the estate
because there will be no agent fees to sell, the property can be
sold more expeditiously, and the sales price is close to the net
sales price that would be received if the property was sold by an
agent.

Sale price will exceed the sum of the costs of sale, liens,
exemptions and other deductions.

Proceeds of the sale will be subject to auctioneer's fees and
expenses, agent's fees and expenses, Trustee fees and expenses, if
any, as well as ordinary closing cost deemed necessary by the
Trustee.

It is anticipated that there is sufficient equity in the property
to pay all 11 U.S.C. Sec. 506(c) expenses.

                       About REO Holdings

REO Holdings, LLC, filed a Chapter 11 bankruptcy petition (Bankr.
W.D. Tenn. Case No. 16-10414) on Feb. 29, 2016.  The Debtor is
represented by Thomas Harold Strawn Jr., Esq.


RIAZ GONDAL: Unsecureds to Get Payment for Disposable Income
------------------------------------------------------------
Riaz A. Gondal and Shagufta S. Gondal are proposing a Chapter 11
Plan that provides that after payment of administrative and
priority claims in full, the Debtors will pay allowed deficiency
claims of mortgagees and general unsecured creditors on a pro-rata
distribution based upon the liquidation analysis the Debtors'
disposable income for 72 months for a total payment of total
$50,000 without interest, in not more than 72 monthly installments
to each creditor.  First payment will commence 30 days following
the effective date of the plan and on the 15th day of each month
thereafter for a period of six years.  The Debtors estimate that
based upon approximately 2.5% of their claims.  The Debtor's
unsecured monthly payment to be distributed pro rata will be $695.
Distribution will be made on a quarterly basis and the Debtors will
be responsible for making all payments required under the Plan.

As to secured claim of Bank of America, N.A., the Debtors will
continue to pay the said claim pursuant to the parties' prepetition
contract until a modification can be negotiated outside of the
bankruptcy.

The Debtors intend on remaining in possession of their assets and
repaying administrative, priority, secured and unsecured creditors
from future income derived from the income received from the rental
real estate and Shagufta Gondal's employment.

Riaz A. Gondal's sole source of income is derived from the $27,310
of gross rental income from the tenants at the 22 properties, which
gross figure applies if all properties are occupied.  Shagufta
Gondal's income is from her employment at DuPage Medical Group, in
the monthly amount of $4,905.

A copy of the Fourth Amended Disclosure Statement dated Aug .23,
2016, is available at:

   http://bankrupt.com/misc/ilnb14-44392_283_4DS_R_Gondal.pdf

                         About the Gondals

Riaz A. Gondal and Shagufta S. Gondal operate rental properties
located in Bolingbrook, Downers Grove, Aurora, Hanover Park, Lisle,
and Chicago Illinois.  Nineteen of 22 properties are subject to one
or more mortgages in favor of various financial institutions as
indicated.

Riaz A. Gondal and Shagufta S. Gondal filed a joint Chapter 11
bankruptcy petition (Bankr. N.D. Ill. Case No. 14-44392) on Dec.
19, 2014.

The Debtors' attorney:

         Richard G. Larsen
         SPRINGER BROWN, LLC
         300 S. County Farm Road, Suite I
         Wheaton, IL 60187
         Tel: 630-510-0000
         E-mail: rlarsen@springerbrown.com


ROBERT ABRAHAM: Unsecured Creditors to Receive $200 Per Month
-------------------------------------------------------------
Robert Abraham is proposing a plan that will allow him to keep his
homestead property at 10797 Lake Wynds Ct, Boynton Beach, Florida.

The Debtor's ability to fully fund the plan and make payments is
dependent on his income.  Although his income as a realtor varies,
he will have sufficient income to pay the mortgage on his home and
some money to unsecured creditors.

The Debtor said that claims of unsecured creditors amount to
$107,235.  The Debtor will dedicate the sum of $200 per month for
60 months to be paid to unsecured creditors on a pro rata basis.

Secured creditors include US Bank, which has a claim in the amount
of $557,193, secured by a first mortgage on the Debtor's homestead
property.  The Debtor is attempting to modify this mortgage.  While
the modification process is being pursued, the Debtor proposes to
pay an adequate protection payment of $1,500 per month for
principal and interest, plus keep insurance in force.

The Debtor shall retain all property of the estate not
surrendered.

The Debtor said that in a liquidation scenario, there won't be
anything for unsecured creditors as his assets have total value of
$1,328,189 and secured claims total $1,745,541.

A copy of the Disclosure Statement filed Aug. 25, 2016, is
available for free at:

   http://bankrupt.com/misc/flsb15-23972_136_DS_R_Abraham.pdf

Attorney for the Debtor:

         Brian K. McMahon, P.A.
         1401 Forum Way, 6th Floor
         West Palm Beach, FL 33401

                       About Robert Abraham

Robert Abraham is a realtor.  At the time of his bankruptcy filing,
the Debtor had three properties remaining in his name; his
homestead property, 10797 Lake Wynds Ct, Boynton Beach; the
property in which his brother lives, 10898 Lake Wynds Ct, Boynton
Beach; and, an investment property, 9801 Majestic Way, Boynton
Beach.

The Debtor initially filed the case as one under Chapter 13. When
it became apparent that the Debtor would not qualify for chapter
13, he sought to convert the case. Before the hearing on the
conversion took place, the case was dismissed.  Mr. Abraham filed a
Chapter 11 case (Bankr. S.D. Fla. Case No. 15-23972).


ROBINSON PREMIUM: Meeting to Form Creditors' Panel Set for Oct. 19
------------------------------------------------------------------
William K. Harrington, United States Trustee for Region 6, will
hold an organizational meeting on Oct. 19, 2016, at 10:30 a.m. in
the bankruptcy case of Robinson Premium Beef, LLC.

The meeting will be held at:

         Office of the U. S. Trustee Meeting Room
         U. S. Courthouse Federal Building
         33 East Twohig Street, Room 102A
         San Angelo, Texas 76903

The sole purpose of the meeting will be to form a committee or
committees of unsecured creditors in the Debtors' case.

The organizational meeting is not the meeting of creditors pursuant
to Section 341 of the Bankruptcy Code.  A representative of the
Debtor, however, may attend the Organizational Meeting, and provide
background information regarding the bankruptcy cases.

To increase participation in the Chapter 11 proceeding, Section
1102 of the Bankruptcy Code requires that the United States Trustee
appoint a committee of unsecured creditors as soon as practicable.
The Committee ordinarily consists of the persons, willing to serve,
that hold the seven largest unsecured claims against the debtor of
the kinds represented on the committee.

Section 1103 of the Bankruptcy Code provides that the Committee may
consult with the debtor, investigate the debtor and its business
operations and participate in the formulation of a plan of
reorganization.  The Committee may also perform other services as
are in the interests of the unsecured creditors whom it
represents.

Robinson Premium Beef, LLC, sought Chapter 11 protection (Bankr.
N.D. Tex. Case No. 16-60092), estimating $10 million to $50 million
in assets and debt.


SECURITY GLOBAL: Hires Cordero as Attorney
------------------------------------------
Security Global Solutions, Inc., seeks authority from the U.S.
Bankruptcy Court for the District of Puerto Rico to employ Nilda M.
Gonzalez Cordero, Esq. as attorney to the Debtor.

Security Global requires Cordero to represent and assist the Debtor
in carrying out its duties in the bankruptcy case under the
bankruptcy code.

Cordero will be paid at these hourly rates:

     Nilda M. Gonzalez Cordero          $200
     Paralegal                          $75

Cordero will be paid a retainer in the amount of $5,000.

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

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.

Cordero can be reached at:

     Nilda M. Gonzalez Cordero, Esq.
     PO Box 3389
     Guaynabo, PR 00970
     Tel: (787) 721-3437
     Fax: (787) 724-2480
     E-mail: ngonzalezc@ngclawpr.com

                       About Security Global

Security Global Solutions, Inc., sought the Chapter 11 protection
(Bankr. D.P.R. Case No. 16-06970) on August 31, 2016. The petition
was signed by Sharon Marie Rodriguez Crespo, president.

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



SFX ENTERTAINMENT: Given Until Oct. 31 to File Reorganization Plan
------------------------------------------------------------------
Judge Mary F. Walrath of the U.S. Bankruptcy Court for the District
of Delaware extended SFX Entertainment, Inc., et. al.'s exclusive
periods to file and solicit acceptances of a Plan of Reorganization
to October 31, 2016 and December 30, 2016, respectively.

The Debtors previously sought the extension of their exclusivity
periods, contending that since filing their First Exclusivity
Motion and the termination of their Restructuring Support
Agreement, the Debtors have focused their attention on crafting a
Plan that will allow them to exit their Chapter 11 cases.  The
Debtors further contended that they drafted and filed their
Disclosure Statement and Plan, which was scheduled to be heard on
August 30, 2016.

The Debtors told the Court that they have worked with and would
continue to work with the DIP Lenders, the U.S. Trustee, the
Official Committee of Unsecured Creditors, and creditors in their
Chapter 11 cases on resolving open issues with the Disclosure
Statement and Plan.  The Debtors further told the Court that
allowing the Exclusive Periods to terminate before plan
negotiations have concluded would defeat the purpose of section
1121 of the Bankruptcy Code.

                     About SFX Entertainment, Inc.

SFX Entertainment, Inc., and 43 of its affiliates, a global
producer of live events and digital entertainment content focused
exclusively on the electronic music culture and other world-class
festivals, filed Chapter 11 bankruptcy petitions (Bankr. D. Del.
Case Nos. 16-10238 to 16-10281) on Feb. 1, 2016. The petitions were
signed by Michael Katzenstein as chief restructuring officer.

The Debtors disclosed total assets of $662 million and total debt
of $490 million.

Judge Mary F. Walrath is assigned to the case.

Greenberg Traurig, LLP serves as the Debtors' counsel.  Kurtzman
Carson Consultants LLC acts as the Debtors' claims and noticing
agent.  The Debtor hired FTI Consulting Inc. to provide crisis and
turnaround management services.

An Official Committee of Unsecured Creditors has retained Pachulski
Stang Ziehl & Jones LLP as counsel, and Conway Mackenzie, Inc., as
financial advisor.


SFX ENTERTAINMENT: Offers Up to 1.3% Recovery for Unsec. Creditors
------------------------------------------------------------------
SFX Entertainment, Inc., et al., filed a First Amended Disclosure
Statement describing a Second Amended Joint Plan of Reorganization
that promises a 0.2% to 1.3% recovery for unsecured creditors owed
$362 million.

The Debtors believe that the Plan provides the best means currently
available for the Debtors' emergence from chapter 11.

Holders of general unsecured claims and prepetition second priority
note claims totaling $362,000,000 against debtors classified as
"the 2019 Debtors" are slated to have 0.2% to 1.3% recovery.
Holders of general unsecured claims who elect to be treated as a
convenience class will each have their claims reduced to $50,000.
Convenience claims against the Rule 2019 Debtors are expected to
total $5,460,000 and the class will have a 10% recovery.  Holders
of existing interests in SFXE won't receive anything.

The Plan proposes the issuance of two classes of securities: New
Series A Preferred Stock and Reorganized SFXE Common Stock.  The
Plan also proposes the issuance of three classes of CVRs: the Class
A CVRs, the Class B CVRs, and Litigation CVRs.

A copy of the First Amended Disclosure Statement filed Aug. 25,
2016, is available at:

  http://bankrupt.com/misc/deb16-10238_950_SFX_1st_Am_DS.pdf

                     About SFX Entertainment

SFX Entertainment, Inc., and 43 of its affiliates, a global
producer of live events and digital entertainment content focused
exclusively on the electronic music culture and other world-class
festivals, filed Chapter 11 bankruptcy petitions (Bankr. D. Del.
Case Nos. 16-10238 to 16-10281) on Feb. 1, 2016.  The petitions
were signed by Michael Katzenstein as chief restructuring officer.

The Debtors disclosed total assets of $662 million and total debt
of $490 million.

Judge Mary F. Walrath is assigned to the cases.

The Debtors won approval to hire Greenberg Traurig, LLP, as
bankruptcy counsel; Bayard, P.A., as litigation and conflicts
counsel; Kaye Scholer LLP, as counsel for the Special Committee;
Moelis & Company LLC, as investment banker; Kurtzman Carson
Consultants, LLC, as claims and noticing agent and administrative
agent; Ernst & Young LLP, as tax advisors; and Jones Lang LaSalle
Brokerage, Inc., as real estate broker.  In addition, the
Bankruptcy Court authorized the retention of FTI Consulting Inc. as
crisis and turnaround manager.

The Official Committee of Unsecured Creditors has won approval to
retain Pachulski Stang Ziehl & Jones LLP as bankruptcy counsel;
Conway Mackenzie, Inc., as financial advisor; Van Benthem & Keulen
N.V. as foreign counsel.


SIX-S HOLDINGS: Hires Harris Wilcox as Auctioneer
-------------------------------------------------
Six-S Holdings, LLC, seeks authorization from the U.S. Bankruptcy
Court for the Western District of New York to employ Harris Wilcox,
Inc., as auctioneer.

The Debtor is a holding company with real estate assets in Belfast
and Angelica, New York and is engaged in the business of owning
property that it operated by a non-debtor affiliate as an 18-hole
golf course with a restaurant, lodge and banquet facility and
building homes on the golf course for resale.  The Debtor's 250
acres also contain two private homes (3 bedroom and 5 bedroom) and
a 28 unit recreational vehicle lot.

The Debtor requests that experienced real estate auctioneer Harris
Wilcox be appointed in order to sell the Debtor's real property.

Harris Wilcox would be compensated through a buyer's premium of
10%.

Craig Wilcox, CEO of Harris Wilcox, Inc., assured the Court that
the firm is a "disinterested person" as the term is defined in
Section 101(14) of the Bankruptcy Code and does not represent any
interest adverse to the Debtor and its estates.

Harris Wilcox may be reached at:

      Craig Wilcox
      Harris Wilcox, Inc.
      59 S. Lake Ave.
      Bergen, NY 14416
      Tel: (585)494-1880
      Fax: (858)494-1605

                 About Six-S Holdings, LLC

Six-S Holdings, LLC  filed a Chapter 11 bankruptcy petition (Bankr.
W.D.N.Y. Case No. 16-11617) on August 19, 2016. Ingrid S. Palermo,
Esq., at Bond, Schoeneck & King, PLLC serves as bankruptcy
counsel.

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



SSNN-BONNIE LANE: BMO Harris Tries To Block Plan Outline Approval
-----------------------------------------------------------------
BMO Harris Bank N.A., fka Harris Bank, N.A., as assignee of the
Federal Deposit Insurance Corporation as receiver for Amcore Bank,
N.A., filed with the U.S. Bankruptcy Court for the Northern
District of Illinois an objection to the adequacy of the second
amended disclosure statement and to the second amended plan of
reorganization filed by SSNN-Bonnie Lane, LLC.

BMO Harris claims that the Second Amended Disclosure Statement:

     a. lacks sufficient information concerning the tenant's
        financial condition and alleged ability to pay rents
        throughout the five-year term;

     b. lacks any plan for the future of the Debtor and, in
        particular, any viable plan to pay off or refinance the
        debt at the end of the five-year new loan term;

     c. does not identify the source of information or the
        accounting and valuation methods;

     d. fails to provide any analysis regarding the collectability

        of the accounts receivable;

     e. has no information provided to assess the risks associated

        with accepting the plan;
     f. has no information concerning the risks taken by creditors

        and interest holders;

     g. violates the absolute-priority rule; and

     h. fails to meet the cram down requirements of 11 U.S.C.
        1129(b).

BMO Harris adds that no creditor holding a Class 2 allowed claim
has voted in favor of the Second Amended Plan of Reorganization.

A copy of the Objection is available at:

                      https://is.gd/CInpLO

BMO Harris is represented by:

     Richard B. Polony, Esq.
     HINSHAW & CULBERTSON LLP
     222 North LaSalle Street, Suite 300
     Chicago, IL 60601-1081
     Tel: (312) 704-3000
     Fax: (312) 704-3001
     E-mail: rpolony@hinshawlaw.com

          -- and --

     Matthew Hevrin, Esq.
     HINSHAW & CULBERTSON LLP
     100 Park Avenue
     P.O. Box 1389
     Rockford, IL 61105-1389
     Tel: (815) 490-4900
     Fax: (815) 490-4901
     E-mail: Mhevrin@hinshawlaw.com

                   About SSNN-Bonnie Lane LLC

SSNN-Bonnie Lane LLC sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. N.D. Ill. Case No. 15-17056) on May 13,
2015.


STANDFAST USA: Voluntary Chapter 11 Case Summary
------------------------------------------------
Debtor: Standfast USA, LLC
        7700 Forsyth Blvd., Suite 1230
        Saint Louis, MO 63105

Case No.: 16-46691

Chapter 11 Petition Date: September 16, 2016

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

Judge: Hon. Kathy A. Surratt-States

Debtor's Counsel: Spencer P. Desai, Esq.
                  DESAI EGGMAN MASON LLC
                  Pierre Laclede Center
                  7733 Forsyth Boulevard, Suite 800
                  St. Louis, MO 63105
                  Tel: (314) 881-0800
                  Fax: (314) 881-0820
                  E-mail: sdesai@demlawllc.com
    
                       - and -

                  Danielle A. Suberi, Esq.
                  DESAI EGGMANN MASON LLC
                  7733 Forsyth Blvd., Suite 800
                  Saint Louis, MO 63139
                  Tel: 314-881-0800
                  Fax: 314-881-0833
                  E-mail: dsuberi@demlawllc.com

Total Assets: $580,903

Total Liabilities: $2.61 million

The petition was signed by Ronald Starczewski, restructuring
officer.

A copy of the Debtor's list of 20 largest unsecured creditors is
available for free at http://bankrupt.com/misc/moeb16-46691.pdf


STONE PANELS: Can Use PrivateBank Cash Collateral Until Sept. 27
----------------------------------------------------------------
The U.S. Bankruptcy Court for the Northern District of Texas
authorized Stone Panels, Inc. and Stone Panels Holding Corp. to use
cash collateral of The PrivateBank and Trust Company until Sept.
27, 2016.

The Debtors were indebted to PrivateBank in the amount of
$9,209,631.63.  The indebtedness was paid down by $4,752,626.84 via
a post-petition payment from Thompson Street Capital Partners III,
L.P., a guarantor of the obligations under the Prepetition Loan
Documents.  

PrivateBank has security interests in and liens upon all or
substantially all of Debtors’ tangible and intangible personal
property and assets.

The Debtors were directed to make adequate protection payments to
PrivateBank in immediately available funds of $20,000 on Aug. 31,
2016 and on Sept. 1, 2016.

A final hearing on the Debtor's use of cash collateral is scheduled
on Sept. 27, 2016 at 1:30 p.m.  The deadline for the filing of
objections to the Debtor's use of cash collateral is set on Sept.
21, 2016.

A full-text copy of the Agreed Second Interim Order, dated
September 6, 2016, is available at https://is.gd/IqXzZK


                        About Stone Panels

Stone Panels, Inc., manufactures natural stone composite panels for
exterior, interior, renovation, elevator, and specialty
applications in the United States, France, Europe, and
internationally.

Stone Panels, Inc. and Stone Panels Holding Corp. filed chapter 11
petitions (Bankr. N.D. Tex. Case Nos. 16-32856 and 16-32859) on
July 21, 2016.  The petitions were signed by Tim Friedel, the
president and CEO.  The cases are assigned to Judge Barbara J.
Houser.

Stone Panels, Inc. estimated its assets and liabilities at $10
million to $50 million.  Stone Panels Holding estimated its assets
at $0 to $50,000, and liabilities at $10 million to $50 million.

The Debtors are represented by Eric J. Taube, Esq., at Waller
Lansden Dortch & Davis LLP.  They retained Gray Reed & SSG
Advisors, LLC as investment banker and Bill Roberts of CR3 Partners
as chief restructuring officer.

The Office of the U.S. Trustee on August 11, 2016, appointed
Brookside Mezzanine Fund III, L.P., IMAP Global Logistics, and
Elite on Premise to serve on the official committee of unsecured
creditors.


STRATEGIC ENVIRONMENTAL: Case Summary & 8 Unsecured Creditors
-------------------------------------------------------------
Debtor: Strategic Environmental Partners, LLC
        7 Michael Court
        Millstone Township, NJ 08510

Case No.: 16-27757

Type of Business: Owns and operates landfills

Chapter 11 Petition Date: September 16, 2016

Court: United States Bankruptcy Court
       District of New Jersey (Trenton)

Judge: Hon. Christine M. Gravelle

Debtor's Counsel: Batya G. Wernick, Esq.
                  LAW OFFICES OF BATYA G. WERNICK
                  317 Belleville Avenue
                  Bloomfield, NJ 07003
                  Tel: (973) 748-7474
                  Email: bgwlaw@verizon.net

Total Assets: $18.02 million

Total Debts: $5.39 million

The petition was signed by Marilyn Bernardi, owner.

Debtor's List of Eight Unsecured Creditors:

   Entity                          Nature of Claim   Claim Amount
   ------                          ---------------   ------------
Batya G. Wernick, Esq.             Legal Services        $16,000

Birdsall Engineering                 Trade Debt         $124,115
Services Group

Horizon Blue Cross                   Trade Debt          $2,559
Blue Shield

Interport Container                  Trade Debt          $1,200
Solutions, Inc.

NJDEP                               Disputed Fine      $800,000
P.O. Box 417
Trenton, NJ 08646

NJDEP                               Disputed Fines      $51,000

Thomas H. Bruinooge, Esq.           Legal Services      $40,000

Township of Roxbury                 Property Taxes   $1,588,412
1715 Route 46
Ledgewood, NJ 07852


STW RESOURCES: U.S. Trustee Forms 3-Member Committee
----------------------------------------------------
The Office of the U.S. Trustee on Sept. 14 appointed three
creditors of STW Resources Holding Corp. to serve on the official
committee of unsecured creditors.

The committee members are:

     (1) Watson Packer, LLC, d/b/a Chief Services
         Hyatt Harvey, Engineer
         600 North Big Spring Street
         Midland, TX 79701
         Tel: 432-682-8351
         Email: Pjharvey1@aol.com

     (2) GE Ionics, Inc.
         Glenn Reisman, In House Counsel
         12 Old Hollow Road, Ste. B
         Trumbull, CT 06611
         Tel: 203-944-0401
         Email: Glenn.reisman@ge.com

     (3) Rhonda J. Parish
         627 Cherokee Circle
         Orlando, FL 32801
         Tel: 864-444-4661
         Email: rjparish@mac.com

Official creditors' committees have the right to employ legal and
accounting professionals and financial advisors, at a debtor's
expense. They may investigate the debtor's business and financial
affairs. Importantly, official committees serve as fiduciaries to
the general population of creditors they represent.

                 About STW Resources Holding Corp.

STW Resources Holding Corp. (otcqb:STWS) --
http://www.stwresources.com/-- a water treatment and service
company filed a Chapter 11 petition (Bankr. N.D. Tex. Case No.
16-33121) on August 2, 2016, and is represented by Michael S.
Mitchell, Esq., at Demarco Mitchell, PLLC, in Plano, Texas.  At the
time of filing, the Debtor had $874,495 in total assets and $17.27
million in total debts.

The petition was signed by Alan Murphy, chief executive officer.

A list of the Debtor's 20 largest unsecured creditors is available
for free at http://bankrupt.com/misc/txnb16-33121.pdf


TENET HEALTHCARE: Amends Credit Agreement with Barclays Bank
------------------------------------------------------------
Tenet Healthcare Corporation entered into an amendment no. 1 to its
existing Letter of Credit Facility Agreement, dated as of March 7,
2014, by and among Tenet, the LC participants and issuers party
thereto and Barclays Bank PLC, as administrative agent.  The LC
Agreement provides for the issuance of standby and documentary
letters of credit from time to time, in an aggregate principal
amount of up to $180,000,000 (subject to an increase to up to
$200,000,000).

The Amendment amends certain provisions under the LC Agreement to,
among other things, (i) extend the scheduled maturity date of the
LC Facility to March 7, 2021, (ii) reduce the margin payable with
respect to unreimbursed drawings under letters of credit issued
under the LC Facility and with respect to undrawn letters of credit
issued under the LC Facility and (iii) reduce the commitment fee
payable with respect to the undrawn portion of the commitments
under the LC Facility.

Unreimbursed drawings under any letter of credit issued under the
LC Facility will accrue interest at a base rate plus a margin equal
to 0.50% per annum.  A fee on the aggregate outstanding amount of
undrawn letters of credit issued under the LC Facility will accrue
at a rate of 1.50% per annum.  An unused commitment fee will be
payable at an initial rate of 0.25% per annum with a step up to
0.375% per annum if Tenet's secured debt to EBITDA ratio is equal
to or greater than 3.00 to 1.00.

The Agent and certain LC participants and issuers party to the LC
Agreement, as well as certain of their affiliates, have performed,
and may in the future perform, for Tenet and its subsidiaries,
various commercial banking, investment banking, underwriting and
other financial advisory services, for which they have received and
may in the future receive customary fees and expenses.

                          About Tenet

Tenet Healthcare Corporation -- http://www.tenethealth.com/-- is  

a national, diversified healthcare services company with 110,000
employees united around a common mission: to help people live
happier, healthier lives.  The company operates 80 hospitals, 214
outpatient centers, six health plans and Conifer Health Solutions,
a leading provider of healthcare business process services in the
areas of revenue cycle management, value based care and patient
communications.

Tenet Healthcare reported a net loss attributable to the Company's
common shareholders of $140 million on $18.63 billion of net
operating revenues for the year ended Dec. 31, 2015, compared to
net income available to the Company's common shareholders of $12
million on $16.60 billion of net operating revenues for the year
ended Dec. 31, 2014.

As of March 31, 2016, Tenet had $23.76 billion in total assets,
$20.45 billion in total liabilities, $2.38 billion in redeemable
noncontrolling interests in equity of consolidated subsidiaries and
$926 million in total equity.

                         *    *    *

Tenet carries a 'B' IDR from Fitch Ratings, 'B' corporate credit
rating from Standard & Poor's Ratings Services and 'B1' Corporate
Family Rating from Moody's Investors Service.


TERRENO REALTY: Fitch Affirms 'BB' Rating on Preferred Stock
------------------------------------------------------------
Fitch Ratings has affirmed its 'BBB-' Issuer Default Rating (IDR)
for Terreno Realty Corp. (NYSE: TRNO) and its operating partnership
Terreno Realty LLC.  The Rating Outlook is Stable.

                          KEY RATING DRIVERS

Fitch's ratings take into account TRNO's portfolio concentration in
strong markets, transparent industrial property-focused business
model, experienced management, and credit metrics that are
moderately strong for the rating.  The potential for greater cash
flow volatility stemming from market, asset and tenant
concentration risk and possible missteps surrounding the company's
value added acquisition-led growth strategy balance these credit
positives.  Also, the company has a less developed and shorter
track record as an unsecured borrower.

The Stable Outlook reflects Fitch's expectation that TRNO will
maintain credit metrics that are consistent with the 'BBB-' rating
over the two-year Outlook horizon, as well as Fitch's view of near-
to medium-term industrial property fundamentals.

Portfolio Concentrated in Strong Markets

Fitch expects TRNO's portfolio market fundamentals to outperform
the U.S. average over the near- to medium-term, based on its
superior demographics and barriers to new supply.  The company's
portfolio is located in six of the strongest U.S. industrial
markets, characterized by vibrant and growing local and regional
economies, favorable population and income demographics and
meaningful barriers to new supply.

The above-average occupancies and rents in Terreno's markets
highlight these strong fundamentals relative to the total U.S.
industrial property base.  Institutional investor and lender
interest in TRNO's assets is likely above its peer average given
the desirable market locations, thus supporting the company's
contingent liquidity position.

Transparent Operating Strategy

Terreno's transparent, well-defined operating strategy is a credit
positive.  The company targets 100% fee simple ownership of
industrial assets in six key logistics markets that include
Northern NJ/NY (23.7% of annualized base rent [ABR]),
D.C./Baltimore (22.8%), San Francisco (15.5%), Miami (15.4%), Los
Angeles (12.1%) and Seattle (10.5%).

TRNO's strategy does not contemplate investments in ground-up
development or unconsolidated joint venture partnerships (JVs). The
absence of these items helps simplify the company's business model,
improve financial reporting transparency and reduce potential
contingent liquidity claims.

Fitch's ratings for TRNO include some flexibility for selective
ground-up development at existing owned in-fill properties, as well
as a limited amount of JVs if, for example only a partial interest
in an attractive industrial portfolio in its markets was available
for purchase.

Appropriate Credit Metrics

Fitch expects TRNO's leverage to sustain within a range of
6.0x-6.5x through 2019, on an adjusted basis that includes a
full-year's contribution from external investment activity.  TRNO's
leverage was 5.9x for the TTM ending June 30, 2016, which is
appropriate for the 'BBB-' rating.  The company's leverage was 6.2x
including 50% equity credit for its perpetual preferred stock in
total debt.

Fitch expects the company's fixed-charge coverage (FCC) to improve
moderately over the Rating Outlook horizon as the company
stabilizes value-add acquisitions and achieves better leverage of
its fixed costs as total assets grow.  TRNO's FCC was 2.9x for the
TTM ending June 30, 2016, compared to 3.2x and 3.1x for year ended
Dec. 31, 2015 and 2014.  Fitch's projections show the company's FCC
improving to the mid-3.0x range through 2019.

The company has publicly committed to financial policies through
the cycle that are consistent to moderately strong for a 'BBB-'
rated REIT with TRNO's asset profile.  These include maintaining
net debt-to-recurring operating EBITDA below 6.5x and FCC above
2.0x.  The company's dividend policy is to pay 100% of its taxable
net income to its equity holders.  Fitch expects TRNO's dividend
payout ratio of AFFO to range between the mid-80% to mid-90% over
the rating horizon, excluding stabilization capex related to
value-add acquisitions.

Solid Liquidity Position

TRNO's sources of capital cover its uses by 3.3x for the July 1,
2016 to Dec. 31, 2017, period under Fitch's base case liquidity
analysis.  Full availability under the company's $200 million
revolver, cash on hand and a modest amount of retained cash flow
after dividends are the company's primary sources of liquidity.
TRNO's liquidity improves to 3.9x under an alternative scenario
where the company refinances 80% of its secured debt maturities.
However, Fitch expects the company to repay mortgages at maturity
with new unsecured debt and equity capital.

TRNO's base case liquidity was 2.3x for July 1, 2016, to Dec. 31,
2017, after adjusting for events subsequent to quarter-end,
including $50 million of private placement unsecured notes and $6.1
million of contracted dispositions, which was offset by
$8.2 million of completed acquisitions and $47.5 million under
contract.

Although near-term maturities are modest, the company's debt ladder
has elevated maturities in the 2020s, consisting of term loans and
unsecured borrowings.  Fitch expects the company to refinance the
2020 term loan ahead of its stated maturity, most likely with
proceeds from new unsecured private placement notes. TRNO's
longer-dated maturities should decline as a percentage of total
debt as the company executes its value-add acquisition growth
strategy.

TRNO's unencumbered assets cover its unsecured debt (UA/UD) by 2.6x
using a direct capitalization approach of TRNO's annualized second
quarter 2016 (2Q16) unencumbered net operating income (NOI) that
assumes a stressed 8.75% through the cycle cap rate.  Fitch expects
the company's UA/UD to moderate to the low- to mid 2x range as it
progresses in its unsecured borrowing strategy, which would remain
appropriate for the 'BBB-' rating.

Experienced Management

TRNO has a strong management team with extensive industrial real
estate and capital markets experience.  Many of the company's key
executives previously held high-level executive positions at AMB
Property prior to its merger with ProLogis.

Portfolio Market and Tenant Concentration

Fitch expects the portfolio's asset and tenant granularity to
improve as TRNO executes on its value-add acquisition-led growth
strategy.  However, Fitch do not expect the company to expand
beyond its six major markets.  TRNO's concentrated portfolio
strategy exposes it to idiosyncratic market and asset risks and
could result in above-average property income volatility.  Examples
could include a regional economic downturn or loss of a significant
tenant.

The company's small size and concentration in markets with higher
per square foot industrial values relative to its peers has
contributed to its below-average asset granularity.  However, the
multiple-building nature of many of its larger assets, as well as
their infill locations help to offset the asset concentration risk.


Two markets - Northern NJ/NY and D.C./Baltimore - comprised 46.5%
of the company's ABR as of June 30, 2016.  Moreover, its 10 largest
properties (at cost) accounted for roughly 35% of its total
investment in real estate.

TRNO's top-20 tenants comprised 39.5% of ABR at June 30, 2016,
which is more concentrated than the industrial REIT peer median of
slightly more than 20%.  Moreover, the company's largest tenant
(FedEx Corp.) was 5.5% of its ABR versus a comparable peer median
of approximately 2%.  Fitch views the company's portfolio tenant
concentration as a credit risk that could lead to greater cash flow
volatility.  However, the generally strong credit quality of its
largest tenants and multiple leases with several of these tenants
help balance the concentration risk.

Execution Risk in Value-Add Acquisitions

TRNO's external growth strategy centers on the acquisition and
stabilization of industrial assets, primarily through some
combination of lease-up and property redevelopment.  Fitch
generally views the value-add strategy as being inbetween 'core'
investments and ground-up development in risk/return space.
Value-add acquisitions can entail additional risk given less
familiarity with an asset compared to the repositioning of existing
owned assets.  However, Fitch views TRNO management's extensive
industrial property experience and the small dollar value and
homogeneity of industrial assets as risk mitigants.  The company
has improved its portfolio occupancy to 92.7% from 81.2% at
acquisition, demonstrating its ability to successfully stabilize
value-add acquisitions.

Improving Unsecured Capital Access

Fitch continues to view TRNO as a less established unsecured bond
issuer pending further private placement issuance.  However, TRNO
has raised $150 million of private placement unsecured notes since
September 2015, including $50 million last July.  This demonstrated
access to private placement unsecured notes is an important
milestone in the company's transition to a predominantly unsecured
borrowing strategy.

Preferred Stock Notching

The two-notch differential between TRNO's IDR and preferred stock
rating is consistent with Fitch's criteria for corporate entities
with a 'BBB-' IDR.  These preferred securities are deeply
subordinated and have loss absorption elements that would likely
result in poor recoveries in the event of a corporate default.

                          KEY ASSUMPTIONS

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

   -- GAAP SSNOI growth in the 4% to 5% range through the 2018
      projection period;
   -- Net acquisitions of roughly $200 million to $300 million
      through 2018;
   -- Annual unsecured issuance of between $50 million and
      $150 million at interest rates in the low-to-mid 4% range;
   -- Equity issuance of $100 million to $150 million per annum;
   -- The company unencumbers assets as mortgages mature with the
      proceeds from new unsecured debt and equity raises.

                       RATING SENSITIVITIES

These factors may have a positive impact on the ratings and/or
Rating Outlook:

   -- TRNO's demonstrated adherence to its financial policies
      during through the cycle given its value-add acquisition
      strategy, which could result in greater relative cash flow
      volatility;

   -- Fitch's expectation of leverage sustaining in the low 6.0x
      range (leverage was 5.9x for the TTM ended June 30, 2016);

   -- Fitch's expectation of FCC sustaining above 3.0x (coverage
      was 2.9x for the TTM ended June 30, 2016).

   -- Increased asset and tenant level diversification within the
      company's concentrated, six-market portfolio;

   -- Further demonstrated access to the unsecured bond market.

These factors may have a negative impact on the ratings and/or
Rating Outlook:

   -- Fitch's expectation of leverage sustaining above 7.0x;
   -- Fitch's expectation of FCC sustaining below 2.0x.

FULL LIST OF RATING ACTIONS

Fitch has affirmed these ratings:

Terreno Realty Corporation
   -- Issuer Default Rating (IDR) at 'BBB-';
   -- Preferred stock at 'BB'.

Terreno Realty LLC
   -- IDR at 'BBB-';
   -- Senior unsecured revolving line of credit at 'BBB-';
   -- Senior unsecured term loan at 'BBB-';
   -- Senior unsecured private placement notes at 'BBB-'.

The Rating Outlook is Stable.


TEXARKANA ARKANSAS: Wants to Use Collateral of Midsouth and SBA
---------------------------------------------------------------
Texarkana Arkansas Hospitality, LLC asks the U.S. Bankruptcy Court
for the Eastern District of Arkansas for authorization to use cash
collateral held by Midsouth Bank and the U.S. Small Business
Administration on an interim basis.

The Debtor relates that both Midsouth and SBA are claiming liens on
Debtor’s personal property including rents.  The Debtor proposes
to provide them with post-petition liens, priority claims in the
Chapter 11 bankruptcy case, and cash flow payments to adequately
protect their interests for the Debtor's use of cash collateral.

The Debtor contends that it has an immediate need to use the cash
collateral to continue its ongoing operations of a Comfort Suites
hotel located in Texarkana, Arkansas.

The Debtor submitted a 3-month Budget which provides for the
payment of ongoing operating expenses of the Debtor in order to
allow the Debtor to maintain its operations in Chapter 11.  The
Debtor projects total monthly operating expenses of $77,415,
$81,377 and $74,299, for the months of September, October and
November, respectively.

A full-text copy of the Cash Collateral Motion dated is available
at http://tinyurl.com/zkevgqe

MidSouth Bank can be reached at:

          MIDSOUTH BANK
          5600 Richmond Rd.
          Texarkana, TX 75503-0500

U.S. Small Business Administration can be reached at:

          U.S. SMALL BUSINESS ADMINSITRATION
          Commercial Loan Servicing Center
          2120 Riverfront Dr., Suite 100
          Little Rock, AR 72202-1794


            About Texarkana Arkansas Hospitality, LLC.

Texarkana Arkansas Hospitality, LLC, doing business as Comfort
Suites, filed a Chapter 11 petition (Bankr. E.D. Ark. Case No.
16-14556) on August 30, 2016.  Sukhpal Singh, member, signed the
petition.  Joyce W. Lindauer, Esq., at Joyce W. Lindauer Attorney,
PLLC, serves as the Debtors' counsel.

The Company estimated both assets and liabilities at $1 million to
$10 million.


THAMAR LI: Hires Santiago & Gonzalez as Attorney
------------------------------------------------
Thamar Li Construction and Rental, Corp., seeks authorization from
the U.S. Bankruptcy Court for the District of Puerto Rico to employ
The Law Offices of Santiago & Gonzalez Law, LLC as attorney for the
Debtor.

The Debtor filed a voluntary petition for reorganization pursuant
to the provisions of the Bankruptcy Code. The Debtor is not
sufficiently familiar with the law to able to plan and conduct the
proceedings without competent legal counsel.

The Debtor requires Santiago & Gonzalez Law, LLC to represent the
Debtor in these proceeding.

Santiago & Gonzalez Law will be paid at these hourly rates:

     Nydia Gonzalez Ortiz, Esq.         $200
     Associates                         $150
     Paralegal                          $50

Nydia Gonzalez Ortiz, Esq., partner in the law firm of The Law
Offices of Santiago & Gonzalez Law, LLC, assured the Court that the
firm is a "disinterested person" as the term is defined in Section
101(14) of the Bankruptcy Code and does not represent any interest
adverse to the Debtor and its estates.

Santiago & Gonzalez Law may be reached at:

       Nydia Gonzalez Ortiz, Esq.
       The Law Offices of Santiago & Gonzalez Law, LLC
       11 Balances Street
       Yauco, PR 00698
       Tel: (787)267-2205/267-2252
       Fax: (787)873-0206
       E-mail: bufetesg@gmail.com

Thamar Li Construction & Rental Corp. filed a Chapter 11 petition
(Bankr. D.P.R. Case No. 16-05930), on July 27, 2016, listing under
$1 million in both assets and liabilities.  Nydia Gonzalez Ortiz,
Esq., at SANTIAGO & GONZALEZ, serves as counsel to the Debtor.


TIBCO SOFTWARE: Bank Debt Trades at 2.35% Off
---------------------------------------------
Participations in a syndicated loan under TIBCO Software is a
borrower traded in the secondary market at 97.65
cents-on-the-dollar during the week ended Friday, September 9,
2016, according to data compiled by LSTA/Thomson Reuters MTM
Pricing.  This represents an increase of 0.69 percentage points
from the previous week.  CEC Entertainment pays 550 basis points
above LIBOR to borrow under the $1.65 billion facility. The bank
loan matures on Nov. 18, 2020 and carries Moody's B1 rating and
Standard & Poor's B- rating.  The loan is one of the biggest
gainers and losers among 247 widely quoted syndicated loans with
five or more bids in secondary trading for the week ended September
9.


TJ SIGN: Authorized to Use Cash Collateral on Final Basis
---------------------------------------------------------
Judge Diane Davis of the U.S. Bankruptcy Court for the Northern
District of New York authorized TJ Sign Solutions Inc. to use the
cash collateral on a final basis.

The Debtor was authorized to use cash collateral on a continuing
basis to satisfy payroll and other operational costs and expenses
arising in connection with the administration of the Debtor's
estate.

The approved Budget covered a period of four weeks and projected
total expenses at $12,500 for Week 1; $13,900 for Week 2; $13,400
for Week 3; and $17,155 for Week 4.

The Debtor was directed to make monthly adequate protection
payments to the IRS in the amount of $1,500, beginning on Aug. 1,
2016.

Judge Davis held that creditors Interstate Billing System, Knight
Capital and the IRS will receive post petition rollover liens to
the same extent and priority as they had prepetition security
interests, pending a determination of the secured status.

A full-text copy of the Final Order, dated Sept. 14, 2016, is
available at https://is.gduR37GJ

A full-text copy of the approved Budget, dated Sept. 14, 2016, is
available at https://is.gdNni4dq
              
                   About TJ Sign Solutions

TJ Sign Solutions, Inc., filed a Chapter 11 bankruptcy petition
(Bankr. N.D.N.Y. Case No. 16-60862) on June 17, 2016.  The Debtor
is represented by Peter Alan Orville, Esq., at Orville & McDonald
Law, PC.  The Debtor estimated its assets at $50,001 to $100,000
and liabilities at $500,001 to $1 million at the time of the
filing.


TOTAL COMM: Hires John Bambach of Bambach Advisors as CRO
---------------------------------------------------------
Total Comm Systems, Inc., seeks permission from the U.S. Bankruptcy
Court for the Eastern District of Pennsylvania to employ Bambach
Enterprises LLC d/b/a Bambach Advisors to provide Interim
Management Services and designate John Bambach as their Chief
Restructuring Officer.

As the CRO of the Debtor, John Bambach will assist the Debtor in
evaluating and implementing strategic and tactical options
throughout the restructuring process.

In addition to the ordinary course duties of a CRO, Mr. Bambach's
additional responsibilities will include, without limitation, the
following:

    a. communicate with the Debtor's counsel regarding financial
matters, preparation of documents, and information to be provided
to the Court or creditors;
    
    b. participate in the creation and implementation of the
Debtor's restructuring plan;

    c. advise the Debtor on current and future contracts for the
provision of services by the Debtor;

    d. monitor the Debtor's cash allocation and cash management
processes;

    f. prepare of Monthly Operating Reports and Post-confirmation
Quarterly Operating Reports; and

    g. assist in communications and/or negotiations with creditors
and customers.

Additionally, Bambach Advisors and Mr. Bambach will take over the
Debtor's internal accounting, handling all accounting tasks related
to both the Debtor's bankruptcy and the Debtor's continuing
operations

Bambach Advisors professionals who will work on the Debtors' cases
and their hourly rates are:

    John Bambach            $150.00
    Howard Cohen            $125.00
    Elizabeth Bambach       $100.00
    James McDonough         $100.00

At this time, Based of the need of the Debtor for the services,
Bambach Advisors has agreed to charge the Debtor a flat rate of
$4,000.00 per week, not including expenses. Bambach Advisors
estimates that it will provide, on a weekly basis, between 25 and
35 hours of accounting services to the Debtor and that Mr. Bambach
will provide between 10 and fifteen 15 hours of CRO services to the
Debtor.

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

John Bambach, principal of Bambach Enterprises LLC d/b/a Bambach
Advisors, 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.

Bambach Advisors may be reached at:

     John Bambach
     Bambach Enterprises LLC d/b/a Bambach Advisors
     304 Keithwood Road
     Wynnewood, PA 19096
     Phone: (610)574-1127
     E-mail: bambach@bambachadvisors.com

                About Total Comm Systems, Inc.

The Debtor is a provider of engineering, construction, excavation,
installation, and maintenance services for the telecommunications
industry.



Total Comm Systems, Inc. filed a chapter 11 petition (Bankr. E.D.
Pa. Case No. 16-15530) on August 3, 2016.  The petition was
signed by Michael H. Pollitt, president.   The Debtor is
represented by Thomas D. Bielli, Esq., David M. Klauder,  Esq.,
Nella M. Bloom, Esq., and Cory P. Stephenson, Esq., at Bielli &
Klauder, LLC.  

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


The Debtors have hired Bambach Enterprises LLC d/b/a Bambach
Advisors as financial advisor.


TOWERSTREAM CORP: Amends $5-Mil. Securities Prospectus with SEC
---------------------------------------------------------------
Towerstream Corporation filed with the Securities and Exchange
Commission an amended Form S-1 registration statement relating to
the offering of $5,000,000 of shares of its common stock.

The Company's common stock is presently quoted on The NASDAQ
Capital Market under the symbol "TWER".  On Sept. 12, 2016, the
last reported sale price for the Company's common stock on NASDAQ
was $2.13 per share.

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

                      https://is.gd/2zvhKt

                 About Towerstream Corporation

Towerstream Corporation (NASDAQ:TWER) is a leading Fixed-Wireless
Fiber Alternative company delivering high-speed Internet access to
businesses.  The Company offers broadband services in 12 urban
markets including New York City, Boston, Los Angeles, Chicago,
Philadelphia, the San Francisco Bay area, Miami, Seattle,
Dallas-Fort Worth, Houston, Las Vegas-Reno, and the greater
Providence area.

As of June 30, 2016, Towerstream had $36.47 million in total
assets, $42.95 million in total liabilities and a total
stockholders' deficit of $6.47 million.

The Company reported a net loss of $40.48 million in 2015, a net
loss of $27.59 million in 2014 and a net loss of $24.77 million in
2013.


TRICIA STAR: Disclosure Statement Hearing Set For Sept. 29
----------------------------------------------------------
The U.S. Bankruptcy Court for the Central District of California
will hold a hearing on Sept. 29, 2016, at 1:30 p.m. to consider
Tricia Star Washington's motion for court order approving the
Debtor's disclosure statement describing the Debtor's plan of
reorganization.

On Aug. 24, 2016, the Debtor filed the Disclosure Statement and a
motion for court order authorizing and approving the adequacy of
the Debtor's Disclosure Statement in support of the Plan.

The Debtor is asking the Court to establish (1) the ballot deadline
for receipt of ballots to accept or reject the Plan; (2) the
deadline for filing the plan ballot summary with the Court; (3) the
date for confirmation hearing; (4) the last date for filing a
memorandum in support of confirmation of the Plan; (5) the last
dates for filing objections to confirmation of the Plan and
responses thereto; and (6) other procedures requires by the Court,
if any.

Any objections to the motion must be filed with the Clerk of the
Court, and served upon the Debtor, Debtor's bankruptcy counsel, the
Office of the U.S. Trustee and special notice parties not later
than 14 days prior to the hearing on the motion.

Tricia Star Washington filed for Chapter 11 bankruptcy protection
(Bankr. C.D. Cal. Case No. 15-25096) on Sept. 30, 2015.  Onyinye N
Anyama, Esq., at Anyama Law Firm serves as the Debtor's bankruptcy
counsel.


TWO MILE RANCH: Says Farmers Consents to Cash Use Until Dec. 31
---------------------------------------------------------------
Two Mile Ranch asks the U.S. Bankruptcy Court for the District of
Colorado for authorization to use cash collateral.

The Debtor contends that Farmers State Bank has an interest in the
cash collateral.  The Debtor is indebted to Farmers State Bank in
the amount of $9,592,208.

The Debtor says its loans with Farmers State Bank termed out of
their own accord and that Farmers State Bank is unwilling to renew
or extend financing without a principal reduction in the total debt
owed by the Debtor.  The Debtor further says that it is in the
process of liquidating some or all of its assets with the intent of
providing a principal reduction on the outstanding debt to Farmers
State Bank.

The Debtor tells the Court that it needs to use cash collateral to
continue its operations, which include operations of the farm/ranch
located in Sterling Colorado and the maintenance of the North
Turkey Creek property located at 22434 W. Turkey Creek Road,
Morrison, Colorado, and make adequate protection payments to
Farmers State Bank.

The essential terms of the proposed cash collateral and/or
financing are:

   (a) the maximum borrowing available on a final basis is
undetermined;

   (b) the interim borrowing limit is undetermined based on
receivables from the sale of crops;

   (c) borrowing condition will be the continued operations of the
Debtor;

   (d) interest rate, 2.5% above the following index rate: US Prime
Rate is the base rate on corporate loans posted by at least 75% of
the 30 largest US Banks;

   (e) fees, costs and charges paid or payable by Debtor or any
other person or entity are none,

   (f) maturity, currently 90 days after the filing of the Chapter
11;

   (g) events of default, deviation from the proposed budget
without the consent or approval of Farmers State Bank;

   (h) remedies in the event of default, termination of the cash
collateral agreement;

   (i) use of funds;

   (j) protections afforded under 11 U.S.C. Sections 363 and 364,
operations of the Debtor in the ordinary course of business, and

   (k) a line-item budget for both the interim and final order
periods, unless the Court orders otherwise.

The Debtor proposes to grant Farmers state Bank replacement liens
upon all collateral, including cash collateral, all the Debtor's
deposit accounts, and all the Debtor's property.

The Debtor tells the Court that Farmers State Bank has consented to
the Debtor's use of cash collateral until Dec. 31, 2016.

The Debtor asserts that if the Court were to decline to allow the
Debtor to use the cash collateral on an interim basis, the Debtor
and its estate would suffer immediate and irreparable harm.

A full-text copy of the Debtor's Motion, dated Sept. 14, 2016, is
available at https://is.gd/or45ac

Farmers State Bank is represented by:

          Tracy A. Oldemeyer, Esq.
          CLINE WILLIAMS WRIGHT
          JOHNSON & OLDFATHER, L.L.P.
          330 S. College Avenue, Suite 300
          Fort Collins, CO 80524
          Telephone: (970) 221-2637
          E-mail: toldemeyer@clinewilliams.com

                       About Two Mile Ranch

Two Mile Ranch is a farm/ranch operation operating a 1,400 acre
ranch located at 18503 LCR 42.5, Sterling, CO 80751.  Two Mile
Ranch also acquired a redevelopment parcel located in Turkey Creek
at 22434 W. Turkey Creek Road, Morrison, CO 80465.  Its principals
have operated the farm/ranch in excess of 30 years.

Two Mile Ranch sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. D. Colo. Case No. 16-16615) on July 1, 2016.  The
petition was signed by Mark A. Pauling, partner and manager.  

The case is assigned to Judge Elizabeth E. Brown.

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

Arthur Lindquist-Kleissler, Esq., at Lindquist-Kleissler & Company,
LLC, serves as the Debtor's bankruptcy counsel.


TXU CORP: 2014 Bank Debt Trades at 69.95% Off
---------------------------------------------
Participations in a syndicated loan under TXU Corp is a borrower
traded in the secondary market at 30.05 cents-on-the-dollar during
the week ended Friday, September 9, 2016, according to data
compiled by LSTA/Thomson Reuters MTM Pricing.  This represents a
decrease of 2.00 percentage points from the previous week.  CEC
Entertainment pays 350 basis points above LIBOR to borrow under the
$3.4 billion facility. The bank loan matures on Oct. 10, 2014 and
Moody's withdrew the rating and Standard & Poor's did not give any
rating.  The loan is one of the biggest gainers and losers among
247 widely quoted syndicated loans with five or more bids in
secondary trading for the week ended September 9.


TXU CORP: 2017 Bank Debt Trades at 69.46% Off
---------------------------------------------
Participations in a syndicated loan under TXU Corp is a borrower
traded in the secondary market at 30.54 cents-on-the-dollar during
the week ended Friday, September 9, 2016, according to data
compiled by LSTA/Thomson Reuters MTM Pricing.  This represents an
decrease of 1.67 percentage points from the previous week.  CEC
Entertainment pays 450 basis points above LIBOR to borrow under the
$1.5 billion facility. The bank loan matures on Oct. 10, 2017 and
carries Moody's withdrew its rating and Standard & Poor's did not
give any rating.  The loan is one of the biggest gainers and losers
among 247 widely quoted syndicated loans with five or more bids in
secondary trading for the week ended September 9.


UNIVERSAL NUTRIENTS: Exeter DIP Financing Approved on Final Basis
-----------------------------------------------------------------
Judge Mark X. Mullin of the U.S. Bankruptcy Court for the Northern
District of Texas authorized Universal Nutrients, LLC, to obtain
postpetition financing from Exeter International, LLC, in the form
of a revolving line of credit of up to $1,960,000 and a roll-up,
and use cash collateral on a final basis.

The Debtor contended that it did not have sufficient available
sources of working capital, including cash collateral, to operate
its business in the ordinary course of its business without the
financing requested.  The Debtor further contended that its ability
to maintain business relationships with its vendors, suppliers and
customers, to pay its employees, and to otherwise fund its
operations is essential to the Debtor's continued viability as the
Debtor seeks to maximize the value of the the assets of its estate
for the benefit of all its creditors.

Judge Mullin authorized the Debtor to immediately borrow, obtain
and incur indebtedness and obligations owing to Exeter
International pursuant to the terms and conditions of the Court's
Final Order and the DIP Term Sheet.

The approved Budget covers a 13-week period beginning on Aug. 8,
2016 and ending on Nov. 16, 2016.  The Budget provides for total
expenses in the amount of $646,684.

Exeter International was granted continuing valid, binding,
enforceable, non-avoidable and automatically and properly perfected
postpetition security interests and liens in and upon all of the
Collateral.  It was also granted a replacement lien to secure the
Prepetition Credit Obligations on collateral for and to the extent
of the postpetition use of collateral and proceeds thereof and for
any postpetition diminution in value of collateral.  

Exeter International's replacement lien will be subordinate only to
the liens granted to Exeter International to secure the obligations
under the DIP Facility, and the amount of the Carve-Out Expenses.

The Carve-Out consists of an administrative expense carve out for
professional fees and expenses of the Debtor's attorneys during the
bankruptcy case, and allowed U.S. Trustee administrative expenses.

Southside Bank f/k/a Omni/American Bank reserved the right to
assert a valid first priority security interest in any prepetition
collateral of the Debtor through an adversary proceeding, plan
confirmation proceedings and/or by agreement among Southside Bank,
the Debtor and Exeter International.

A full-text copy of the Final Order, dated Sept. 14, 2016, is
available at https://is.gd/IFWV94
              
                   About Universal Nutrients

Universal Nutrients, LLC, filed a chapter 11 petition (Bankr. N.D.
Tex. Case No. 16-43070) on August 5, 2016.  The petition was signed
by Chet Burks, manager.  The Debtor is represented by Richard W.
Ward, Esq.  The case is assigned to Judge Mark X. Mullin.  The
Debtor estimated assets and debts at $10 million to $50 million at
the time of the filing.

The Debtor is a Texas limited liability company engaged in the
business under the tradename of Uni*Well of manufacturing and
developing various nutraceutical products, OTC pharmaceuticals, and
specialty biochemicals with expertise in development and
fulfillment of productivity products, functional shots, sports
nutrition, nutrient deficiency products, elderly nutrition,
children's nutrition, gender-specific nutrition, energy products,
anti-stress products, anti-aging products, internal beauty
products, and condition-specific products in the form of liquids,
powders, gels, tablets, and capsules.  The Debtor has its principal
office at 14801 Sovereign Dr., Fort Worth, Texas 76155 and is a
wholly owned subsidiary of Universal Group Holdings, LLC, a Texas
limited liability company.


US STEEL: S&P Revises Outlook to Stable & Affirms 'B' CCR
---------------------------------------------------------
S&P Global Ratings said it revised its rating outlook on
Pittsburgh-based steel company U.S. Steel Corp. to stable from
negative and affirmed its 'B' corporate credit rating on the
company.

At the same time, S&P affirmed its 'BB-' issue-level rating on the
company's senior secured notes and 'B' issue-level rating on its
senior unsecured notes.  The '1' recovery rating on the senior
secured notes indicates S&P's expectation of very high (90%-100%)
recovery in the event of a default.  The '4' recovery rating on the
senior unsecured notes indicates S&P's expectation of average
(30%-50%; lower half of range) recovery in the event of a default.

"The stable outlook reflects our view that the stronger steel price
environment will offset weakness from lower volumes and
persistently weak energy markets over the next 24 months," S&P
Global Ratings credit analyst William Ferara.  "We expect credit
measures to improve, yet remain somewhat volatile for the rating,
with adjusted debt to EBITDA of about 3x to 4x and slightly
positive free operating cash flow in 2016 and 2017.  We expect the
company's liquidity position to remain exceptional; however, we
recognize that its cash balance is susceptible to cash uses during
weaker steel price conditions."

S&P could lower the rating if steel prices came under severe
pressure or the company's competitive position weakened relative to
other steel producers.  S&P could also lower the rating if the
company's liquidity position were characterized as adequate or
less, which could occur if the ratio of the company's liquidity
sources to uses is less than 1.2x over the next 24 months or its
qualitative liquidity factors hamper its quantitative liquidity
considerations.  Weaker credit metrics could also prompt a lower
rating over the next 12 months if EBITDA interest coverage is
roughly 1.25x to 1.5x or adjusted debt leverage materially exceeds
10x.

S&P could raise the rating if there is an improvement in the
long-term expectations for the steel sector or a reduction in its
price volatility.  S&P would expect stronger credit metrics to be
sustained for the next several quarters, and to remain at those
levels, with debt to EBITDA below 3x and EBITDA interest coverage
of above 3x.  S&P would also need to view the company as comparable
to similarly rated peers, with an improved competitive position.


VERNUS GROUP: Unsecureds To Recover 95% Under Plan
--------------------------------------------------
Vernus Group Corp. filed with the U.S. Bankruptcy Court for the
District of Puerto Rico a disclosure statement describing the
Debtor's Chapter 11 plan.

Class 1 Non-Insider General Unsecured Claims, estimated at
$423,449.55, are impaired under the Plan.  The Holders will be paid
in full satisfaction of their claims, as the claims may be reduced
and negotiated, or as finally determined by the Bankruptcy Court,
95% of their allowed claims on a pro-rata basis, as follows: 1)
$19,485, representing 5% of Class 1's allowed claims, to be paid
from the proceeds of the sale of assets on the Effective Date of
the Plan; 2) $120,000, representing 28% of Class 1 allowed claims,
to be paid from the proceeds of the Sale of Inventory on the later
of the Effective Date of the Plan or the closing on the Sale of
Inventory; and 3) $260,000, representing 62% of Class 1 allowed
claims, to be paid from the proceeds of the avoidance actions on
the later of the Effective Date of the Plan or the date of
collection of the avoidance actions.

Any remaining funds after paying Class 1 allowed claims will also
be distributed to the General Non-Insider Unsecured Creditors, up
to the full satisfaction of their allowed claims on a pro-rata
basis.

The proceeds from the sale of inventory and the avoidance actions
are contingent events whose success affects the estimated recovery
for Class 1 allowed claims.  Moreover, the final dividend to Class
1 may be affected by the costs of pursuing the avoidance actions or
by additional post-petition accounts payable.

The Debtor will effect payments of pending administrative expense
claims on the Effective Date from the proceeds of the sale of
assets.  Priority tax claims and other priority claims will be paid
on the Effective Date from the proceeds of the sale of assets.
Class 1 claims will be paid in full satisfaction of their claims,
as the claims may be reduced and negotiated, or as finally
determined by the Court, 95% of their allowed claims on a pro-rata
basis, as follows: 1) $19,485, representing 5% of Class 1 allowed
claims, to be paid from the proceeds of the sale of assets on the
Effective Date of the Plan; 2) $120,000, representing 28% of Class
1 allowed claims, to be paid from the proceeds of the sale of
inventory on the later of the Effective Date of the Plan or the
closing on the sale of inventory; and 3) $260,000, representing 62%
of Class 1 allowed claims, to be paid from the proceeds of the
avoidance actions on the later of the Effective Date of the Plan or
the date of collection of the avoidance actions.  The exact amount
of payments to holders of Class 1 claims is contingent on the
successful prosecution of the avoidance actions and the sale of
inventory.  Moreover, the final dividend to Class 1 may be affected
by the costs of pursuing the avoidance actions or additional
postpetition accounts payable.

The Disclosure Statement is available at:

           http://bankrupt.com/misc/prb15-09339-164.pdf

The Plan was filed by the Debtor's counsel:

     Charles A. Cuprill-Hernandez, Esq.
     CHARLES A. CUPRILL, P.S.C. LAW OFFICES
     356 Fortaleza Street
     Second Floor
     San Juan, PR 00901
     Tel: (787) 977-0515
     Fax: (787) 977-0518
     E-mail: ccuprill@cuprill.com

                     About Vernus Group Corp.

Vernus Group Corp. sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. D. P.R. Case No. 15-09339) on November 25,
2015. The petition was signed by Jose Rafael Hernandez, chairman
and president.

The case is assigned to Judge Brian K. Tester.

At the time of the filing, the Debtor disclosed $3.69 million in
assets and $225,686 in liabilities.


WATERPROOF UNLIMITED: Hires Craft as Financial Advisor & Accountant
-------------------------------------------------------------------
Waterproofing Unlimited, Inc., seeks authorization from the U.S.
Bankruptcy Court for the Northern District of Florida to employ
Timothy Craft as financial advisor and accountant, nunc pro tunc to
May 11, 2016.

The Debtor requires Craft to:

    a. prepare all required and annual tax returns for the Debtor;

    b. prepare financial statements and any other accounting report
as may be required

    c. monitor the Debtor's activities regarding cash expenditures,
in order to ensure
compliance with all requirements imposed under the Bankruptcy Code
and the Office of United States Trustee for chapter 11 debtors;

    d. review the Debtor's past tax returns, IRS notices and claim
and if necessary, file amended returns as part of the Debtor's
administration of its estate;

    e. while the Debtor's bookkeeper with be preparing all Monthly
Operating Reports as required during the course of the chapter 11
case and Quarterly Reports as may be necessary following
confirmation of the Debtor's Plan, Craft will be available to
assist the Debtor if the need arises;

     f. provide the Debtor with other and further financial
advisory services regarding the Debtor's operations, including
valuation, securing post-petition financing (including the use of
cash collateral), general restructuring and advice with respect to
financial, business and economic issues, as may arise.

The Debtors have agreed to pay Craft the proposed compensation for
these services:

     a. routine accounting services rendered in the ordinary course
of business on a monthly basis in the amount of $100 per month
without need for the filing of an application for approval of such
fees.

     b. services related to the preparation and filing of the
annual corporate tax return is $400 per return.

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

Timothy W. Craft assured the Court that the he 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.

Craft may be reached at:

     Timothy W. Craft
     424 Canterbury Court
     Fort Walton Beach, FL 32548
     Phone: (850)582-8835
  
               About Waterproofing Unlimited, Inc.

Waterproofing Unlimited, Inc., is an S Corporation organized under
the laws of the State of Florida with its principal place of
business located at 103 Bass Ave, Fort Walton Beach, Florida.  It
filed for Chapter 11 bankruptcy protection (Bankr. N.D. Fla. Case
No. 16-30441) on May 11, 2016.  Teresa M. Dorr, Esq., at Zalkin
Revell, PLLC, serves as the Debtor's bankruptcy counsel.



WILLMAN CONSTRUCTION: Unsecureds' Recovery Unknown Under Plan
-------------------------------------------------------------
Willman Construction, Inc., filed with the U.S. Bankruptcy Court
for the Southern District of Iowa a disclosure statement dated Aug.
22, 2016, describing the Debtor's Chapter 11 plan.

The Plan is based upon the assumption that the liquidation of the
Debtor's assets would not provide full payment to all of its
secured creditors, much less its unsecured creditors, nor
meaningful payments to general unsecured creditors.  The assets
have substantial value as a going-concern, but much less value if
the business is terminated.  The present estimate of the
liquidation value of the Debtor's property would provide less than
full payment to the claiming secured creditors upon liquidation.
The Plan will provide payment of a not insubstantial portion of the
principal amount of all allowed unsecured claims held by
non-insiders.  The Plan will provide for full payment of the
allowed amount of secured claims with interest at a rate sufficient
to provide payment of each secured claim.

The remaining claims (other than subordinated or disallowed claims)
in this case are to be paid at 100% by the Debtor and will be paid,
quarterly, over a period of 10 years commencing at the end of the
calendar quarter after confirmation.

The unsecured claims will be paid from net income and asset sales,
if any, after the satisfaction of all administrative claims,
including U.S. Trustee's fees and attorneys' fees and accounting
fees for the Debtor and concomitantly with secured class.  Asset
sales are unlikely, but not ruled out and would be subject to any
lien.

As the priority and secured debt are paid, additional funds will
become available to be paid to unsecured creditors and the Debtor
will recalculate the amounts which it can pay on a quarterly basis
to unsecured creditors in the years following the payment, in full,
of the priority and secured creditors.  The Debtor will proceed
with its efforts to increase its income and profitability in order
to pay all of the debt of the Debtor entity as quickly as possible
pursuant to the terms of the Plan.  The Plan prohibits any
distribution to shareholders as a dividend, or otherwise, until
Plan debt is paid in full.

The Disclosure Statement is available at:

          http://bankrupt.com/misc/iasb16-00774-102.pdf

              About Willman Construction, Inc.

Willman Construction, Inc., filed bankruptcy petitions (Bankr.
S.D.Ia. Lead Case No. 16-00774) on April 15, 2016.  The petitions
were signed by Mark Willman, authorized representative.  Judge Lee
M. Jackwig is assigned to the cases.

Willman Construction scheduled $521,700 in total assets and
$1,200,000 in total liabilities as of the petition date.

The Debtors have hired Katz Nowinski PC as counsel, and Honkamp
Krueger & Co, PC as accountants.

The Office of the U.S. Trustee for Region 12 on April 28, 2016,
appointed four creditors of Willman Construction, Inc., to serve on
the official committee of unsecured creditors.


XG TECHNOLOGY: Needs More Capital to Continue as a Going Concern
----------------------------------------------------------------
xG Technology, Inc., filed its quarterly report on Form 10-Q,
disclosing a net loss of $4.58 million on $1.65 million of revenue
for the three months ended June 30, 2016, compared with a net loss
of $3.96 million on $374,00 of revenue for the same period in
2015.

For the six months ended June 30, 2016, the Company listed a net
loss of $8.64 million on $2.58 million of revenue, compared to a
net loss of $7.49 million on $957,000 of revenue for the same
period in the prior year.

The Company's balance sheet at June 30, 2016, showed $19.05 million
in total assets, $7.28 million in total liabilities, and a
stockholders' equity of $11.77 million.

At June 30, 2016, the Company has an accumulated deficit of $197.0
million and a net loss of approximately $8.6 million for the six
months ended June 30, 2016.  As of June 30, 2016, the Company has
been funding its business principally through debt and equity
financings and advances from related parties.  The Company
continues to experience significantly long sales cycles in certain
areas, most notably, in the first responder, public safety,
military and rural telco markets.  These factors raise substantial
doubt about the Company's ability to continue as a going concern.

The ability to recognize revenue and ultimately cash receipts is
contingent upon, but not limited to, acceptable performance of the
delivered equipment and services.  If the Company is unable to
raise additional capital and/or close on some of its revenue
producing opportunities in the near term, the carrying value of its
assets may be materially impacted.  

The Company does not currently have sufficient capital in order to
fund operations for the next twelve months from the balance sheet
date or to achieve cash flow breakeven.  Therefore, the Company is
actively evaluating various alternatives of financing in order to
obtain additional capital to allow the Company to deliver its
products.

A copy of the Form 10-Q is available at:
                              
                       https://is.gd/uqb1E7

                     About xG Technology, Inc.

Founded in 2002, xG Technology -- http://www.xgtechnology.com--
has developed communication technologies that make wireless
networks more intelligent, accessible, affordable and reliable.
The company's technology brand portfolio includes xMax and
Integrated Microwave Technologies (IMT).

Based in Sarasota, Florida, xG has over 100 patents and pending
patent applications.  xG is a publicly traded company listed on the
NASDAQ Capital Market (symbol: XGTI)



XPRESS SUPPLY: Hearing on Plan Disclosures Set For Oct. 3
---------------------------------------------------------
The Hon. Jerry A. Brown of the U.S. Bankruptcy Court for the
Eastern District of Louisiana has scheduled for Oct. 3, 2016, at
2:00 p.m., as hearing to consider approval of Xpress Supply, LLC's
disclosure statement describing the Debtor's Chapter 11 plan.

Sept. 26, 2016, is the last day for filing written objections to
the Disclosure Statement.  Sept. 26 is also the last day to file
proof of claims in this proceeding.

Xpress Supply, LLC, filed for Chapter 11 bankruptcy protection
(Bankr. E.D. La. Case No. 16-10878) on April 15, 2016.  Phillip K.
Wallace, Esq., at Phillip K. Wallace, PLC, serves as the Debtor's
bankruptcy counsel.


Y&K SUN: Auction Procedures for Lakewood Property Approved
----------------------------------------------------------
Judge Michael E. Romero of the U.S. Bankruptcy Court for the
District of Colorado of the authorized the auction procedures and
stalking horse bid relating to Y&K Sun, Inc.'s sale of interest in
the property located at 6451-6579 W. Colfax Avenue in Lakewood,
Colorado ("JCRS Property") to CK Acquisitions, LLC, for $4,400,000,
subject to overbid.

Judge Romero approved the Agreement between Y&K and Stalking Horse
Bidder, including the break-up fee of $132,000 payable to the
Stalking Horse Bidder in the event it is not the winning bidder at
auction.  In the event no higher qualified bids are received, Y&K
is authorized to consummate the sale of the JCRS Property to the
Stalking Horse Bidder on the terms provided in the Agreement and
authorized to pay, if necessary, First National Bank the amount of
its secured claim at the closing.

All parties wishing to submit a competing bid for the purchase of
the JCRS Property are to be governed by the following procedures:

   a. Bid Deadlines: Nov. 4, 2016 at 4:00 p.m. (MT)

   b. Qualified Bids: A value greater than or equal to the sum of
(i) the value of the Stalking Horse Bidder's offer, (ii) the amount
of the break-up fee, and (iii) $25,000; and a bid accompanied by a
deposit in good funds equal to or greater than $100,000.

   c. Auction: At the offices of Onsager, Guyerson, Fletcher,
Johnson, LLC on the date that is one business day before the date
of the Sale Hearing, beginning at 10:00 a.m. (MT).

   d. Opening Bid: The stalking horse bid and will continue with
each bid exceeding the previous bid by no less than $25,000, until
Seller determines the highest and best qualified bid.

A hearing to confirm the sale of the JCRS Property is set for Nov.
18, 2016 at 9:30 a.m.  Objection deadline is Nov. 15, 2016.

A copy of the Agreement and bidding procedures attached to the
Motion is available for free at:

           http://bankrupt.com/misc/Y&K_Sun_82_Sales.pdf

                         About Y&K Sun

Y&K Sun, Inc., sought Chapter 11 protection (Bankr. D. Colo. Case
No. 16-14761) on May 12, 2016.  The case judge is Hon. Howard R.
Tallman.  The Debtor is represented by Andrew D. Johnson, Esq., at
Oonsager Guyerson Fletcher Johnson.  The Debtor estimated
$1 million to $10 million in assets and debt.


YELLOW CAB OF RENO: Court OKs Disclosures, Confirms Ch. 11 Plan
---------------------------------------------------------------
The Hon. Bruce T. Beesley of the U.S. Bankruptcy Court for the
District of Nevada has approved Yellow Cab of Reno, Inc.'s first
amended disclosure statement and has confirmed the Debtor's first
amended bankruptcy-exit plan on June 1, 2016.

As reported by the Troubled Company Reporter on June 13, 2016, the
Debtor filed with the Court the First Amended Disclosure Statement
explaining the First Amended Plan, which says that Class 3
unsecured claims will bear interest at the rate allowed for
judgments obtained in federal court, and holders of unsecured
claims will receive quarterly pro rata disbursements from a Plan
Fund as until the claims are paid in full with interest.

The Plan will be effetive 14 days after Aug. 26, 2016.

Yellow Cab of Reno, Inc., owns various vehicles and equipment, and
leases the vehicles to drivers.  Yellow Cab of Reno, Inc., filed
for Chapter 11 bankruptcy protection (Bankr. D. Nev. Case No.
15-51384) on Oct. 7, 2015.  The Debtor is represented by Alan R.
Smith, Esq., at the Law Offices of Alan R. Smith.

There has been no appointment in this case of a creditor's
committee.


YELLOW CAB: Committee Proposes Plan of Liquidation
--------------------------------------------------
The Official Committee of Unsecured Creditors in the Chapter 11
case of Yellow Cab Affiliation, Inc., filed a Plan of Liquidation
for the resolution of the outstanding claims against and interests
in the Debtor pursuant to the provisions of Chapter 11 of the
Bankruptcy Code, and requests confirmation of the Committee's Plan
pursuant to Section 1129 of the Bankruptcy Code.

The Committee's Plan still has blanks as to the projected
percentage recovery for holders of unsecured claims estimated to
total $31,455,429.

The Plan provides that each holder of an allowed unsecured Claim
(Class 6) will receive a beneficial interest in the Creditor Trust,
entitling such Holder to a pro rata share of the distribution from
the Creditor Trust equal to such claim divided by the combined
amount of the Uninsured Portion of all damage claimants (Class 5)
and all Class 6 claims.

Pursuant to the Committee's Plan, on the Effective Date, all of the
Debtor's Assets, including but not limited to the Debtor's Business
and all Causes of Action, will automatically be transferred to, and
vest in, a creditor trust (the "Creditor Trust").  Patrick O'Malley
of Development Specialists, Inc., the financial advisor to the
Committee, will be appointed as the creditor trustee (the "Creditor
Trustee") for the Creditor Trust. The Creditor Trustee will be
generally responsible for (1) liquidating all Creditor Trust
assets, including, without limitation, the Debtor's Business and
Causes of Action against the Debtor's affiliates, and. (2)
administering and paying all allowed claims ("Claims") against the
Estate.

The Committee's Plan authorizes the Creditor Trustee to operate the
Debtor's Business for such period of time as the Creditor Trustee
deems appropriate in the exercise of his sole discretion prior to
conducting a sale of the Debtor's Business, and to hire such
persons (including, without limitation, employees of the Debtor) as
the Creditor Trustee deems necessary for operation of the Debtor's
Business).  The Creditor Trustee anticipates hiring Jeffrey
Feldman, who served as President of Yellow Cab Affiliation and its
predecessor-in-interest from 1983 to 2000, and served as President
of Taxi Medallion Management, LLC from 2006 to 2012, to assist the
Trustee in operating the Debtor's business.

The Committee believes that Confirmation of the Committee Plan will
avoid the potential disruption of the Debtor's Business, lengthy
delay, and significant cost of liquidation under Chapter 7 of the
Bankruptcy Code by a chapter 7 trustee unfamiliar with the Debtor's
business or bankruptcy case.

A copy of the Committee's Disclosure Statement filed Aug. 30, 2016,
is available at:

  http://bankrupt.com/misc/ilnb15-09539_955_DS_Yellow_Cab_Aff.pdf

                   About Yellow Cab Affiliation

Chicago, Illinois-based Yellow Cab Affiliation, Inc., filed for
Chapter 11 protection (Bankr. N.D. Ill. Case No. 15-09539) on March
18, 2015.  The petition was signed by Michael Levine, president.

Bankruptcy Judge Hon. Carol A. Doyle presides over the case.
Matthew T. Gensburg, Esq., and Martin S Kedziora, Esq., at
Greenberg Traurig, LLP, and Bruce Zirinksky represent the Debtor in
its restructuring effort.

The Debtor estimated assets at $1 million to $10 million and debt
of $10 million to $50 million.


YELLOW CAB: Committee Seeks Nov. 9 Hearing on Liquidation Plan
--------------------------------------------------------------
The official committee of unsecured creditors of Yellow Cab
Affiliation Inc. filed with the U.S. Bankruptcy Court for the
Northern District of Illinois its proposed Chapter 11 plan of
liquidation for the company.

Pursuant to the liquidating plan, all of Yellow Cab's assets will
automatically be transferred to, and vest in, a creditor trust on
the effective date of the plan.

Patrick O'Malley of Development Specialists, Inc., the committee's
financial advisor, will be appointed to oversee the trust.  He will
be responsible for liquidating all creditor trust assets, and
administering and paying claims.

The committee's proposed plan authorizes the trustee to operate
Yellow Cab's business for such period of time as he deems
appropriate in the exercise of his sole discretion prior to
conducting a sale of the business.  

The trustee anticipates hiring Jeffrey Feldman, who served as
president of Yellow Cab Affiliation, to assist him in operating
Yellow Cab's business.

Under the liquidating plan, Class 6 unsecured creditors will
receive a beneficial interest in the trust in lieu of a cash
payment, entitling them to a pro rata share of the distribution
from the trust.

Class 6 unsecured creditors, which assert a total of $31.5 million
in claims, are entitled to vote to accept or reject the liquidating
plan, according to the committee's disclosure statement explaining
the plan.

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

In a separate filing, the committee asked the court to hold a
hearing to consider confirmation of the plan on November 9, and set
a November 4 deadline for creditors to cast their votes and file
their objections.

The committee is represented by:

     Richard M. Bendix, Jr., Esq.
     Edward S. Weil, Esq.
     Jonathan E. Aberman, Esq.
     John F. Rhoades, Esq.
     Dykema Gossett PLLC
     10 S. Wacker Drive, Suite 2300
     Chicago, IL 60603
     Tel: (312) 876-1700
     Fax: (312) 876-1155
     Email: rbendix@dykema.com
     Email: eweil@dykema.com
     Email: jaberman@dykema.com
     Email: jrhoades@dykema.com

                   About Yellow Cab Affiliation

Chicago, Illinois-based Yellow Cab Affiliation, Inc., filed for
Chapter 11 protection (Bankr. N.D. Ill. Case No. 15-09539) on March
18, 2015.  The petition was signed by Michael Levine, president.

Bankruptcy Judge Hon. Carol A. Doyle presides over the case.
Matthew T. Gensburg, Esq., and Martin S. Kedziora, Esq., at
Greenberg Traurig, LLP, and Bruce Zirinksky represent the Debtor in
its restructuring effort.

The Debtor estimated assets at $1 million to $10 million and debt
of $10 million to $50 million.


YELLOW CAB: Hires CJBS as Accountants
-------------------------------------
Yellow Cab Affiliation, Inc., seeks authorization from the U.S.
Bankruptcy Court for the Northern District of Illinois to employ
CJBS, LLC as accountants to the Debtor.

The Debtor, a corporation organized under the laws of the State of
Illinois, is a licensed taxicab affiliation whose members operate a
fleet of taxicabs which service the general public in the City of
Chicago.

The Debtor requires CJBS to prepare and file the Debtor's annual
income tax documents and forms for the tax years beginning December
21, 2015.

CJBs will be paid at these hourly rates:

     Larry Goldsmith                  $340
     Managerial Staff                 $175-$200
     Non-Managerial Staff             $125-$175
     Administrative staff             $65-$110

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

Larry Goldsmith, member of the accounting firm of CJBS, LLC,
assured the Court that the firm is a "disinterested person" as the
term is defined in Section 101(14) of the Bankruptcy Code and does
not represent any interest adverse to the Debtor and its estates.

CJBS may be reached at:

       Larry Goldsmith
       CJBS, LLC
       2100 Sanders Road, Suite 200
       Northbrook, IL 60062
       Tel: 847-945-2888
       Fax: *47-945-9512

              About Yellow Cab Affiliation



Chicago, Illinois-based Yellow Cab Affiliation, Inc., filed for

Chapter 11 protection (Bankr. N.D. Ill. Case No. 15-09539) on
March 18, 2015.  The petition was signed by Michael Levine,
president.



Bankruptcy Judge Hon. Carol A. Doyle presides over the case.

Matthew T. Gensburg, Esq., and Martin S Kedziora, Esq., at
Greenberg Traurig, LLP, and Bruce Zirinksky represent the Debtor in
its restructuring effort.



The Debtor estimated assets at $1 million to $10 million and
debt of $10 million to $50 million.



YELLOW CAB: Proposes to Sell Operating Assets to Pay Creditors
--------------------------------------------------------------
Yellow Cab Affiliation, Inc., on August 30 filed with the U.S.
Bankruptcy Court for the Northern District of Illinois its latest
Chapter 11 plan of liquidation.

The liquidating plan provides for the sale of the operating assets
of the Debtor to the highest bidder under an asset purchase
agreement.

The Debtor will retain an investment banker to advise it in
connection with the marketing and sale of its business. The sale
process will start from the date of entry of an order confirming
the plan, unless estate professionals agree to defer payment of
their administrative expense claims wherein the sale process will
start after the effective date of the plan.

If the sale is deferred to a date agreeable to the investment
banker and after the effective date, then a creditor trustee will
be appointed to conduct the auction.

In addition to providing for the sale of the Debtor's operating
assets, the plan also provides for the establishment of a creditor
trust on or prior to the effective date of the plan.

Under the plan, each Class 6 unsecured creditor will receive a
beneficial interest in the creditor trust.  Class 6 creditors
assert a total of $5.46 million in claims, according to the
disclosure statement detailing the plan.

A copy of the disclosure statement is available for free at  
https://is.gd/RULgb2

                   About Yellow Cab Affiliation

Chicago, Illinois-based Yellow Cab Affiliation, Inc., filed for
Chapter 11 protection (Bankr. N.D. Ill. Case No. 15-09539) on March
18, 2015.  The petition was signed by Michael Levine, president.

Bankruptcy Judge Hon. Carol A. Doyle presides over the case.
Matthew T. Gensburg, Esq., and Martin S Kedziora, Esq., at
Greenberg Traurig, LLP, and Bruce Zirinksky represent the Debtor in
its restructuring effort.

The Debtor estimated assets at $1 million to $10 million and debt
of $10 million to $50 million.


ZAFS INVESTMENTS: Files Plan to Exit Chapter 11 Protection
----------------------------------------------------------
Zafs Investments LLC on August 30 filed with the U.S. Bankruptcy
Court for the Southern District of Texas its proposed plan to exit
Chapter 11 protection.

Under the restructuring plan, Hardial Singh Mangat, the only
unsecured creditor of Zafs Investments, will be paid 10% of his
claim.

Mr. Mangat, who holds a claim in the amount of $346,123, will
receive a monthly payment of $576 for 60 months.  The monthly
payment will be due and payable beginning on the 15th day of the
first month following 60 days after the effective date of the plan.
The balance will be discharged after 60 payments have been made.

Payments and distributions under the plan will be funded by the
Debtor's "ordinary business income."

A copy of the disclosure statement is available for free at
https://is.gd/P5vdXE

                     About Zafs Investments

Zafs Investments, LLC, based in Sugar Land, Texas, filed a Chapter
11 petition (Bankr. S.D. Tex. Case No. 15-36237) on November 30,
2015.  Hon. Karen K. Brown presides over the case.  The Debtor is
represented by Margaret Maxwell McClure, Esq. of the Law Office of
Margaret M. McClure.

In its petition, the Debtor estimated $1 million to $10 million in
both assets and liabilities. The petition was signed by Farhan
Sultan, managing member.


[^] Large Companies with Insolvent Balance Sheet
------------------------------------------------
                                                Total
                                               Share-      Total
                                    Total    Holders'    Working
                                   Assets      Equity    Capital
  Company         Ticker             ($MM)       ($MM)      ($MM)
  -------         ------           ------    --------    -------
ABSOLUTE SOFTWRE  ABT CN            114.7       (43.7)     (34.6)
ABSOLUTE SOFTWRE  ABT2EUR EU        114.7       (43.7)     (34.6)
ABSOLUTE SOFTWRE  OU1 GR            114.7       (43.7)     (34.6)
ABSOLUTE SOFTWRE  ALSWF US          114.7       (43.7)     (34.6)
ADV MICRO DEVICE  AMD* MM         3,316.0      (413.0)     925.0
ADV MICRO DEVICE  AMDUSD SW       3,316.0      (413.0)     925.0
ADV MICRO DEVICE  AMD TH          3,316.0      (413.0)     925.0
ADV MICRO DEVICE  AMD TE          3,316.0      (413.0)     925.0
ADV MICRO DEVICE  AMD GR          3,316.0      (413.0)     925.0
ADV MICRO DEVICE  AMD QT          3,316.0      (413.0)     925.0
ADV MICRO DEVICE  AMD SW          3,316.0      (413.0)     925.0
ADV MICRO DEVICE  AMDCHF EU       3,316.0      (413.0)     925.0
ADV MICRO DEVICE  AMD US          3,316.0      (413.0)     925.0
ADVANCED EMISSIO  ADES US            36.6       (10.5)     (11.2)
ADVANCED EMISSIO  OXQ1 GR            36.6       (10.5)     (11.2)
ADVANCEPIERRE FO  APFHEUR EU      1,149.4      (335.7)     180.5
ADVANCEPIERRE FO  APFH US         1,149.4      (335.7)     180.5
ADVENT SOFTWARE   ADVS US           424.8       (50.1)    (110.8)
AERIE PHARMACEUT  AERI US           120.1       (17.4)      94.1
AERIE PHARMACEUT  AERIEUR EU        120.1       (17.4)      94.1
AERIE PHARMACEUT  0P0 GR            120.1       (17.4)      94.1
AEROJET ROCKETDY  AJRD US         2,000.1      (108.0)     100.6
AEROJET ROCKETDY  GCY GR          2,000.1      (108.0)     100.6
AEROJET ROCKETDY  GCY TH          2,000.1      (108.0)     100.6
AEROJET ROCKETDY  AJRDEUR EU      2,000.1      (108.0)     100.6
AIR CANADA        ADH2 TH        14,539.0      (673.0)    (496.0)
AIR CANADA        ACEUR EU       14,539.0      (673.0)    (496.0)
AIR CANADA        ADH2 GR        14,539.0      (673.0)    (496.0)
AIR CANADA        AC CN          14,539.0      (673.0)    (496.0)
AIR CANADA        ACDVF US       14,539.0      (673.0)    (496.0)
AK STEEL HLDG     AKS* MM         3,918.3      (300.6)     665.0
AK STEEL HLDG     AK2 TH          3,918.3      (300.6)     665.0
AK STEEL HLDG     AK2 GR          3,918.3      (300.6)     665.0
AK STEEL HLDG     AKS US          3,918.3      (300.6)     665.0
AMER RESTAUR-LP   ICTPU US           33.5        (4.0)      (6.2)
AMYLIN PHARMACEU  AMLN US         1,998.7       (42.4)     263.0
ARCH COAL INC     ACIIQ* MM       4,685.2    (1,627.0)     713.1
ARIAD PHARM       APS QT            624.4       (37.9)     206.5
ARIAD PHARM       APS GR            624.4       (37.9)     206.5
ARIAD PHARM       ARIACHF EU        624.4       (37.9)     206.5
ARIAD PHARM       ARIA SW           624.4       (37.9)     206.5
ARIAD PHARM       APS TH            624.4       (37.9)     206.5
ARIAD PHARM       ARIAEUR EU        624.4       (37.9)     206.5
ARIAD PHARM       ARIA US           624.4       (37.9)     206.5
ARRAY BIOPHARMA   AR2 GR            168.9       (37.9)     102.9
ARRAY BIOPHARMA   AR2 QT            168.9       (37.9)     102.9
ARRAY BIOPHARMA   AR2 TH            168.9       (37.9)     102.9
ARRAY BIOPHARMA   ARRYEUR EU        168.9       (37.9)     102.9
ARRAY BIOPHARMA   ARRY US           168.9       (37.9)     102.9
ASCENT SOLAR TEC  ASTIEUR EU         14.0        (5.3)      (7.9)
ASPEN TECHNOLOGY  AST GR            419.7       (75.0)     (71.3)
ASPEN TECHNOLOGY  AST TH            419.7       (75.0)     (71.3)
ASPEN TECHNOLOGY  AZPN US           419.7       (75.0)     (71.3)
ASPEN TECHNOLOGY  AZPNEUR EU        419.7       (75.0)     (71.3)
AUTOZONE INC      AZ5 TH          8,464.1    (1,863.3)    (422.1)
AUTOZONE INC      AZ5 GR          8,464.1    (1,863.3)    (422.1)
AUTOZONE INC      AZOEUR EU       8,464.1    (1,863.3)    (422.1)
AUTOZONE INC      AZO US          8,464.1    (1,863.3)    (422.1)
AUTOZONE INC      AZ5 QT          8,464.1    (1,863.3)    (422.1)
AVID TECHNOLOGY   AVD GR            273.7      (289.0)     (88.5)
AVID TECHNOLOGY   AVID US           273.7      (289.0)     (88.5)
AVINTIV SPECIALT  POLGA US        1,991.4        (3.9)     322.1
AVON - BDR        AVON34 BZ       3,638.1      (397.3)     702.1
AVON PRODUCTS     AVP* MM         3,638.1      (397.3)     702.1
AVON PRODUCTS     AVP US          3,638.1      (397.3)     702.1
AVON PRODUCTS     AVP GR          3,638.1      (397.3)     702.1
AVON PRODUCTS     AVP TH          3,638.1      (397.3)     702.1
AVON PRODUCTS     AVP CI          3,638.1      (397.3)     702.1
BARRACUDA NETWOR  7BM GR            430.7       (19.3)     (28.8)
BARRACUDA NETWOR  CUDAEUR EU        430.7       (19.3)     (28.8)
BARRACUDA NETWOR  7BM QT            430.7       (19.3)     (28.8)
BARRACUDA NETWOR  CUDA US           430.7       (19.3)     (28.8)
BENEFITFOCUS INC  BNFT US           164.8       (31.8)      (0.2)
BENEFITFOCUS INC  BTF GR            164.8       (31.8)      (0.2)
BLUE BIRD CORP    BLBD US           310.3       (99.1)      (7.6)
BLUE BIRD CORP    1291067D US       310.3       (99.1)      (7.6)
BOMBARDIER INC-B  BBDBN MM       23,871.0    (3,918.0)   1,670.0
BOMBARDIER-B OLD  BBDYB BB       23,871.0    (3,918.0)   1,670.0
BOMBARDIER-B W/I  BBD/W CN       23,871.0    (3,918.0)   1,670.0
BRINKER INTL      BKJ GR          1,472.7      (213.1)    (255.7)
BRINKER INTL      EAT2EUR EU      1,472.7      (213.1)    (255.7)
BRINKER INTL      EAT US          1,472.7      (213.1)    (255.7)
BROOKFIELD REAL   BRE CN             98.8       (29.4)       1.0
BRP INC/CA-SUB V  BRPIF US        2,204.8       (73.9)      63.7
BRP INC/CA-SUB V  DOO CN          2,204.8       (73.9)      63.7
BRP INC/CA-SUB V  B15A GR         2,204.8       (73.9)      63.7
BUFFALO COAL COR  BUC SJ             48.1       (17.9)       0.3
BURLINGTON STORE  BURL US         2,566.3      (103.7)      93.1
BURLINGTON STORE  BUI GR          2,566.3      (103.7)      93.1
BURLINGTON STORE  BURL* MM        2,566.3      (103.7)      93.1
CAESARS ENTERTAI  C08 GR         12,117.0       (96.0)  (2,233.0)
CAESARS ENTERTAI  CZR US         12,117.0       (96.0)  (2,233.0)
CALIFORNIA RESOU  CRC US          6,476.0    (1,045.0)    (206.0)
CALIFORNIA RESOU  1CLB QT         6,476.0    (1,045.0)    (206.0)
CALIFORNIA RESOU  1CLB GR         6,476.0    (1,045.0)    (206.0)
CALIFORNIA RESOU  1CL TH          6,476.0    (1,045.0)    (206.0)
CALIFORNIA RESOU  CRCEUR EU       6,476.0    (1,045.0)    (206.0)
CAMBIUM LEARNING  ABCD US           133.8       (69.9)     (55.1)
CARBONITE INC     CARB US           133.4        (2.1)     (39.9)
CARBONITE INC     4CB GR            133.4        (2.1)     (39.9)
CARRIZO OIL&GAS   CO1 GR          1,457.6      (110.4)    (103.8)
CARRIZO OIL&GAS   CRZOEUR EU      1,457.6      (110.4)    (103.8)
CARRIZO OIL&GAS   CO1 TH          1,457.6      (110.4)    (103.8)
CARRIZO OIL&GAS   CRZO US         1,457.6      (110.4)    (103.8)
CASELLA WASTE     CWST US           631.6       (22.2)      (6.0)
CASELLA WASTE     WA3 GR            631.6       (22.2)      (6.0)
CEB INC           CEB US          1,509.2       (71.7)    (153.6)
CEB INC           FC9 GR          1,509.2       (71.7)    (153.6)
CEDAR FAIR LP     FUN US          2,072.4       (28.4)    (104.7)
CEDAR FAIR LP     7CF GR          2,072.4       (28.4)    (104.7)
CENTENNIAL COMM   CYCL US         1,480.9      (925.9)     (52.1)
CHOICE HOTELS     CHH US            843.4      (373.8)     118.7
CHOICE HOTELS     CZH GR            843.4      (373.8)     118.7
CINCINNATI BELL   CBB US          1,423.2      (217.0)     (48.0)
CINCINNATI BELL   CIB GR          1,423.2      (217.0)     (48.0)
CLEAR CHANNEL-A   CCO US          5,698.1      (966.4)     682.6
CLEAR CHANNEL-A   C7C GR          5,698.1      (966.4)     682.6
CLEARSIDE BIOMED  CLSD US             4.5        (4.3)       1.2
CLIFFS NATURAL R  CVA TH          1,851.0    (1,678.9)     403.1
CLIFFS NATURAL R  CLF US          1,851.0    (1,678.9)     403.1
CLIFFS NATURAL R  CVA GR          1,851.0    (1,678.9)     403.1
CLIFFS NATURAL R  CLF2EUR EU      1,851.0    (1,678.9)     403.1
CLIFFS NATURAL R  CLF* MM         1,851.0    (1,678.9)     403.1
COGENT COMMUNICA  OGM1 GR           626.4       (29.4)     142.2
COGENT COMMUNICA  CCOI US           626.4       (29.4)     142.2
COHERUS BIOSCIEN  CHRSEUR EU        251.1       (61.9)     128.6
COHERUS BIOSCIEN  CHRS US           251.1       (61.9)     128.6
COHERUS BIOSCIEN  8C5 GR            251.1       (61.9)     128.6
COHERUS BIOSCIEN  8C5 TH            251.1       (61.9)     128.6
COMMUNICATION     CSAL US         2,851.7    (1,247.6)       -
COMMUNICATION     8XC GR          2,851.7    (1,247.6)       -
CPI CARD GROUP I  PMTS US           277.1       (91.0)      56.9
CPI CARD GROUP I  PNT CN            277.1       (91.0)      56.9
CPI CARD GROUP I  CPB GR            277.1       (91.0)      56.9
CVR NITROGEN LP   RNF US            241.4      (166.3)      12.0
CYAN INC          CYNI US           112.1       (18.4)      56.9
CYAN INC          YCN GR            112.1       (18.4)      56.9
DELEK LOGISTICS   DKL US            381.8        (9.3)      15.3
DELEK LOGISTICS   D6L GR            381.8        (9.3)      15.3
DENNY'S CORP      DE8 GR            293.2       (52.7)     (44.5)
DENNY'S CORP      DENN US           293.2       (52.7)     (44.5)
DIRECTV           DTV US         25,321.0    (3,463.0)   1,360.0
DIRECTV           DTV CI         25,321.0    (3,463.0)   1,360.0
DIRECTV           DTVEUR EU      25,321.0    (3,463.0)   1,360.0
DOMINO'S PIZZA    DPZ US            652.3    (1,914.8)      93.7
DOMINO'S PIZZA    EZV GR            652.3    (1,914.8)      93.7
DOMINO'S PIZZA    EZV TH            652.3    (1,914.8)      93.7
DPL INC           DPL US          2,931.4      (173.0)    (496.5)
DUN & BRADSTREET  DNB US          2,162.9    (1,076.9)     (85.0)
DUN & BRADSTREET  DB5 GR          2,162.9    (1,076.9)     (85.0)
DUN & BRADSTREET  DNB1EUR EU      2,162.9    (1,076.9)     (85.0)
DUNKIN' BRANDS G  DNKNEUR EU      3,130.4      (203.7)     147.1
DUNKIN' BRANDS G  2DB GR          3,130.4      (203.7)     147.1
DUNKIN' BRANDS G  2DB TH          3,130.4      (203.7)     147.1
DUNKIN' BRANDS G  DNKN US         3,130.4      (203.7)     147.1
DURATA THERAPEUT  DRTX US            82.1       (16.1)      11.7
DURATA THERAPEUT  DRTXEUR EU         82.1       (16.1)      11.7
DURATA THERAPEUT  DTA GR             82.1       (16.1)      11.7
EASTMAN KODAK CO  KODN GR         2,042.0       (39.0)     859.0
EASTMAN KODAK CO  KODK US         2,042.0       (39.0)     859.0
EDGEN GROUP INC   EDG US            883.8        (0.8)     409.2
ENERGIZER HOLDIN  ENR-WEUR EU     1,596.8        (2.8)     655.7
ENERGIZER HOLDIN  ENR US          1,596.8        (2.8)     655.7
ENERGIZER HOLDIN  EGG GR          1,596.8        (2.8)     655.7
EPL OIL & GAS IN  EPL US            463.6    (1,080.5)  (1,301.7)
EPL OIL & GAS IN  EPA1 GR           463.6    (1,080.5)  (1,301.7)
ERIN ENERGY CORP  ERN SJ            349.0      (159.2)    (257.2)
EVERBRIDGE INC    EVBG US            48.9       (20.9)     (28.6)
EXELIXIS INC      EX9 GR            477.1      (186.1)     160.6
EXELIXIS INC      EX9 QT            477.1      (186.1)     160.6
EXELIXIS INC      EXELEUR EU        477.1      (186.1)     160.6
EXELIXIS INC      EX9 TH            477.1      (186.1)     160.6
EXELIXIS INC      EXEL US           477.1      (186.1)     160.6
FAIRMOUNT SANTRO  FMSA US         1,109.1      (159.6)     147.3
FAIRMOUNT SANTRO  FM1 GR          1,109.1      (159.6)     147.3
FAIRMOUNT SANTRO  FMSAEUR EU      1,109.1      (159.6)     147.3
FAIRPOINT COMMUN  FONN GR         1,279.3       (23.7)       9.7
FAIRPOINT COMMUN  FRP US          1,279.3       (23.7)       9.7
FIFTH STREET ASS  FSAM US           166.3       (11.1)       -
FORESIGHT ENERGY  FELP US         1,746.6       (45.9)  (1,325.6)
FORESIGHT ENERGY  FHR GR          1,746.6       (45.9)  (1,325.6)
FREESCALE SEMICO  FSL US          3,159.0    (3,079.0)   1,264.0
FREESCALE SEMICO  1FS TH          3,159.0    (3,079.0)   1,264.0
FREESCALE SEMICO  1FS QT          3,159.0    (3,079.0)   1,264.0
FREESCALE SEMICO  1FS GR          3,159.0    (3,079.0)   1,264.0
FREESCALE SEMICO  FSLEUR EU       3,159.0    (3,079.0)   1,264.0
GAMCO INVESTO-A   GBL US            113.9      (223.5)       -
GARDA WRLD -CL A  GW CN           1,842.9      (396.1)     105.2
GARTNER INC       IT US           2,304.5       (52.8)    (153.6)
GARTNER INC       GGRA GR         2,304.5       (52.8)    (153.6)
GARTNER INC       IT* MM          2,304.5       (52.8)    (153.6)
GCP APPLIED TECH  GCP US          1,034.5      (149.7)     254.9
GCP APPLIED TECH  43G GR          1,034.5      (149.7)     254.9
GENESIS HEALTHCA  GEN US          5,933.0      (722.7)     240.2
GENTIVA HEALTH    GHT GR          1,225.2      (285.2)     130.0
GENTIVA HEALTH    GTIV US         1,225.2      (285.2)     130.0
GLG PARTNERS INC  GLG US            400.0      (285.6)     156.9
GLG PARTNERS-UTS  GLG/U US          400.0      (285.6)     156.9
GRAHAM PACKAGING  GRM US          2,947.5      (520.8)     298.5
GUIDANCE SOFTWAR  ZTT GR             71.8        (1.7)     (22.1)
GUIDANCE SOFTWAR  GUID US            71.8        (1.7)     (22.1)
GYMBOREE CORP/TH  GYMB US         1,162.6      (309.2)      28.7
HALCON RESOURCES  HK US           2,453.8      (672.6)  (2,780.0)
HALCON RESOURCES  RAQK GR         2,453.8      (672.6)  (2,780.0)
HCA HOLDINGS INC  HCA US         33,205.0    (6,498.0)   3,699.0
HCA HOLDINGS INC  2BH GR         33,205.0    (6,498.0)   3,699.0
HCA HOLDINGS INC  HCAEUR EU      33,205.0    (6,498.0)   3,699.0
HCA HOLDINGS INC  2BH TH         33,205.0    (6,498.0)   3,699.0
HECKMANN CORP-U   HEK/U US          421.9       (75.1)     (51.4)
HEWLETT-PACKA-WI  HPQ-W US       27,224.0    (3,926.0)    (712.0)
HOVNANIAN-A-WI    HOV-W US        2,388.8      (151.9)   1,377.8
HP COMPANY-BDR    HPQB34 BZ      27,224.0    (3,926.0)    (712.0)
HP INC            HPQ US         27,224.0    (3,926.0)    (712.0)
HP INC            HPQCHF EU      27,224.0    (3,926.0)    (712.0)
HP INC            HPQ SW         27,224.0    (3,926.0)    (712.0)
HP INC            HPQUSD SW      27,224.0    (3,926.0)    (712.0)
HP INC            7HP TH         27,224.0    (3,926.0)    (712.0)
HP INC            HPQ CI         27,224.0    (3,926.0)    (712.0)
HP INC            HPQ TE         27,224.0    (3,926.0)    (712.0)
HP INC            7HP GR         27,224.0    (3,926.0)    (712.0)
HP INC            HWP QT         27,224.0    (3,926.0)    (712.0)
HP INC            HPQ* MM        27,224.0    (3,926.0)    (712.0)
HUGHES TELEMATIC  HUTCU US          110.2      (101.6)    (113.8)
IBI GROUP INC     IBG CN            257.9       (13.2)     118.6
IDEXX LABS        IX1 GR          1,489.2        (8.5)      (1.7)
IDEXX LABS        IX1 QT          1,489.2        (8.5)      (1.7)
IDEXX LABS        IDXX US         1,489.2        (8.5)      (1.7)
IDEXX LABS        IX1 TH          1,489.2        (8.5)      (1.7)
IMMUNOMEDICS INC  IMMU US            57.0       (57.5)      37.5
INFOR ACQUISIT-A  IAC/A CN          233.2        (2.7)       1.8
INFOR ACQUISITIO  IAC-U CN          233.2        (2.7)       1.8
INFOR US INC      LWSN US         6,048.5      (796.8)    (226.4)
INNOVIVA INC      HVE GR            378.1      (363.1)     175.8
INNOVIVA INC      INVA US           378.1      (363.1)     175.8
INTERNATIONAL WI  ITWG US           325.1       (11.5)      95.4
INTERUPS INC      ITUP US             0.0        (0.3)      (0.3)
INVENTIV HEALTH   VTIV US         2,167.0      (791.3)     142.1
IPCS INC          IPCS US           559.2       (33.0)      72.1
ISRAMCO INC       ISRL US           145.1        (0.9)      14.0
ISRAMCO INC       ISRLEUR EU        145.1        (0.9)      14.0
ISRAMCO INC       IRM GR            145.1        (0.9)      14.0
ISTA PHARMACEUTI  ISTA US           124.7       (64.8)       2.2
J CREW GROUP INC  JCG US          1,455.8      (786.1)      86.9
JACK IN THE BOX   JACK1EUR EU     1,291.5      (167.5)     (85.1)
JACK IN THE BOX   JBX GR          1,291.5      (167.5)     (85.1)
JACK IN THE BOX   JACK US         1,291.5      (167.5)     (85.1)
JOEY NEW YORK IN  JOEY US             0.1        (4.2)      (4.2)
JUST ENERGY GROU  1JE GR          1,229.1      (191.7)    (118.1)
JUST ENERGY GROU  JE CN           1,229.1      (191.7)    (118.1)
JUST ENERGY GROU  JE US           1,229.1      (191.7)    (118.1)
KADMON HOLDINGS   KDMN US            45.9      (256.6)     (33.4)
L BRANDS INC      LTD QT          7,541.0    (1,129.0)   1,141.0
L BRANDS INC      LTD TH          7,541.0    (1,129.0)   1,141.0
L BRANDS INC      LTD GR          7,541.0    (1,129.0)   1,141.0
L BRANDS INC      LB* MM          7,541.0    (1,129.0)   1,141.0
L BRANDS INC      LBEUR EU        7,541.0    (1,129.0)   1,141.0
L BRANDS INC      LB US           7,541.0    (1,129.0)   1,141.0
LANTHEUS HOLDING  0L8 GR            259.3      (166.4)      78.9
LANTHEUS HOLDING  LNTH US           259.3      (166.4)      78.9
LEAP WIRELESS     LEAP US         4,662.9      (125.1)     346.9
LEAP WIRELESS     LWI TH          4,662.9      (125.1)     346.9
LEAP WIRELESS     LWI GR          4,662.9      (125.1)     346.9
LEE ENTERPRISES   LEE US            715.2      (122.1)     (24.8)
LORILLARD INC     LO US           4,154.0    (2,134.0)   1,135.0
LORILLARD INC     LLV TH          4,154.0    (2,134.0)   1,135.0
LORILLARD INC     LLV GR          4,154.0    (2,134.0)   1,135.0
MADISON-A/NEW-WI  MSGN-W US         806.5    (1,120.0)     168.7
MANITOWOC FOOD    6M6 GR          1,807.0      (111.1)      19.1
MANITOWOC FOOD    MFS1EUR EU      1,807.0      (111.1)      19.1
MANITOWOC FOOD    MFS US          1,807.0      (111.1)      19.1
MANNKIND CORP     MNKD IT           139.4      (366.6)    (198.9)
MARRIOTT INTL-A   MAQ TH          6,650.0    (3,462.0)  (1,285.0)
MARRIOTT INTL-A   MAR US          6,650.0    (3,462.0)  (1,285.0)
MARRIOTT INTL-A   MAQ GR          6,650.0    (3,462.0)  (1,285.0)
MCBC HOLDINGS IN  MCFT US            82.5        (8.4)     (26.3)
MCBC HOLDINGS IN  1SG GR             82.5        (8.4)     (26.3)
MDC COMM-W/I      MDZ/W CN        1,616.2      (457.3)    (268.2)
MDC PARTNERS-A    MDCAEUR EU      1,616.2      (457.3)    (268.2)
MDC PARTNERS-A    MDZ/A CN        1,616.2      (457.3)    (268.2)
MDC PARTNERS-A    MDCA US         1,616.2      (457.3)    (268.2)
MDC PARTNERS-EXC  MDZ/N CN        1,616.2      (457.3)    (268.2)
MEAD JOHNSON      0MJA GR         4,028.6      (519.4)   1,459.4
MEAD JOHNSON      MJNEUR EU       4,028.6      (519.4)   1,459.4
MEAD JOHNSON      MJN US          4,028.6      (519.4)   1,459.4
MEAD JOHNSON      0MJA TH         4,028.6      (519.4)   1,459.4
MEDLEY MANAGE-A   MDLY US           107.6       (30.3)      38.7
MERITOR INC       MTOREUR EU      2,084.0      (596.0)     155.0
MERITOR INC       AID1 GR         2,084.0      (596.0)     155.0
MERITOR INC       MTOR US         2,084.0      (596.0)     155.0
MERRIMACK PHARMA  MP6 GR            150.0      (201.6)      28.1
MERRIMACK PHARMA  MACKEUR EU        150.0      (201.6)      28.1
MERRIMACK PHARMA  MACK US           150.0      (201.6)      28.1
MERRIMACK PHARMA  MP6 QT            150.0      (201.6)      28.1
MICHAELS COS INC  MIM GR          2,001.0    (1,707.8)     531.0
MICHAELS COS INC  MIK US          2,001.0    (1,707.8)     531.0
MIDSTATES PETROL  MPO1EUR EU        729.3    (1,495.1)      12.9
MONEYGRAM INTERN  MGI US          4,290.8      (221.2)     (12.5)
MOODY'S CORP      DUT TH          5,044.9      (369.5)   1,883.7
MOODY'S CORP      MCO US          5,044.9      (369.5)   1,883.7
MOODY'S CORP      MCOEUR EU       5,044.9      (369.5)   1,883.7
MOODY'S CORP      DUT GR          5,044.9      (369.5)   1,883.7
MOTOROLA SOLUTIO  MTLA TH         8,467.0      (678.0)   1,502.0
MOTOROLA SOLUTIO  MOT TE          8,467.0      (678.0)   1,502.0
MOTOROLA SOLUTIO  MSI US          8,467.0      (678.0)   1,502.0
MOTOROLA SOLUTIO  MTLA GR         8,467.0      (678.0)   1,502.0
MOTOROLA SOLUTIO  MTLA QT         8,467.0      (678.0)   1,502.0
MPG OFFICE TRUST  1052394D US     1,280.0      (437.3)       -
MSG NETWORKS- A   1M4 TH            806.5    (1,120.0)     168.7
MSG NETWORKS- A   MSGNEUR EU        806.5    (1,120.0)     168.7
MSG NETWORKS- A   1M4 GR            806.5    (1,120.0)     168.7
MSG NETWORKS- A   MSGN US           806.5    (1,120.0)     168.7
NATHANS FAMOUS    NFA GR             77.7       (70.5)      51.9
NATHANS FAMOUS    NATH US            77.7       (70.5)      51.9
NATIONAL CINEMED  XWM GR          1,045.7      (166.4)      91.5
NATIONAL CINEMED  NCMI US         1,045.7      (166.4)      91.5
NAVIDEA BIOPHARM  NAVB IT             8.7       (63.9)     (55.5)
NAVISTAR INTL     IHR TH          5,719.0    (5,134.0)     239.0
NAVISTAR INTL     IHR QT          5,719.0    (5,134.0)     239.0
NAVISTAR INTL     NAV US          5,719.0    (5,134.0)     239.0
NAVISTAR INTL     IHR GR          5,719.0    (5,134.0)     239.0
NEFF CORP-CL A    NEFF US           681.2      (163.1)       2.3
NEKTAR THERAPEUT  NKTR US           463.1       (39.3)     239.0
NEKTAR THERAPEUT  ITH GR            463.1       (39.3)     239.0
NEW ENG RLTY-LP   NEN US            193.6       (31.2)       -
NTELOS HOLDINGS   NTLS US           611.1       (39.9)     104.9
OCH-ZIFF CAPIT-A  35OA GR         1,375.1      (356.2)       -
OCH-ZIFF CAPIT-A  OZM US          1,375.1      (356.2)       -
OMEROS CORP       3O8 TH             46.1       (49.0)      18.0
OMEROS CORP       OMER US            46.1       (49.0)      18.0
OMEROS CORP       OMEREUR EU         46.1       (49.0)      18.0
OMEROS CORP       3O8 GR             46.1       (49.0)      18.0
OMTHERA PHARMACE  OMTH US            18.3        (8.5)     (12.0)
ONCOMED PHARMACE  OMED US           181.9       (43.5)     121.7
ONCOMED PHARMACE  O0M GR            181.9       (43.5)     121.7
PALM INC          PALM US         1,007.2        (6.2)     141.7
PAPA JOHN'S INTL  PZZA US           487.2        (9.3)      18.4
PAPA JOHN'S INTL  PP1 GR            487.2        (9.3)      18.4
PBF LOGISTICS LP  PBFX US           458.6      (128.0)      65.8
PBF LOGISTICS LP  11P GR            458.6      (128.0)      65.8
PENN NATL GAMING  PENN US         5,142.8      (606.9)    (197.8)
PENN NATL GAMING  PN1 GR          5,142.8      (606.9)    (197.8)
PHILIP MORRIS IN  PM1EUR EU      34,802.0   (10,799.0)   3,374.0
PHILIP MORRIS IN  PM1 TE         34,802.0   (10,799.0)   3,374.0
PHILIP MORRIS IN  4I1 TH         34,802.0   (10,799.0)   3,374.0
PHILIP MORRIS IN  PMI SW         34,802.0   (10,799.0)   3,374.0
PHILIP MORRIS IN  PMI EB         34,802.0   (10,799.0)   3,374.0
PHILIP MORRIS IN  PM1CHF EU      34,802.0   (10,799.0)   3,374.0
PHILIP MORRIS IN  PMI1 IX        34,802.0   (10,799.0)   3,374.0
PHILIP MORRIS IN  PM FP          34,802.0   (10,799.0)   3,374.0
PHILIP MORRIS IN  4I1 GR         34,802.0   (10,799.0)   3,374.0
PHILIP MORRIS IN  PM US          34,802.0   (10,799.0)   3,374.0
PHILIP MORRIS IN  4I1 QT         34,802.0   (10,799.0)   3,374.0
PINNACLE ENTERTA  PNK US          3,966.8      (332.9)    (106.8)
PINNACLE ENTERTA  65P GR          3,966.8      (332.9)    (106.8)
PLAYBOY ENTERP-A  PLA/A US          165.8       (54.4)     (16.9)
PLAYBOY ENTERP-B  PLA US            165.8       (54.4)     (16.9)
PLY GEM HOLDINGS  PG6 GR          1,292.6       (57.6)     280.6
PLY GEM HOLDINGS  PGEM US         1,292.6       (57.6)     280.6
POLYMER GROUP-B   POLGB US        1,991.4        (3.9)     322.1
PROTECTION ONE    PONE US           562.9       (61.8)      (7.6)
QUALITY DISTRIBU  QDZ GR            413.0       (22.9)     102.9
QUALITY DISTRIBU  QLTY US           413.0       (22.9)     102.9
QUINTILES TRANSN  QTS GR          3,962.8      (228.7)     836.3
QUINTILES TRANSN  Q US            3,962.8      (228.7)     836.3
REATA PHARMACE-A  2R3 GR            114.4      (212.1)      52.9
REATA PHARMACE-A  RETA US           114.4      (212.1)      52.9
REGAL ENTERTAI-A  RGC US          2,572.9      (872.3)     (86.1)
REGAL ENTERTAI-A  RETA GR         2,572.9      (872.3)     (86.1)
REGAL ENTERTAI-A  RGC* MM         2,572.9      (872.3)     (86.1)
RENAISSANCE LEA   RLRN US            57.0       (28.2)     (31.4)
RENTECH NITROGEN  2RN GR            241.4      (166.3)      12.0
RENTPATH LLC      PRM US            208.0       (91.7)       3.6
RESOLUTE ENERGY   R21 GR            317.5      (321.8)      15.2
RESOLUTE ENERGY   RENEUR EU         317.5      (321.8)      15.2
RESOLUTE ENERGY   REN US            317.5      (321.8)      15.2
REVLON INC-A      REV US          1,914.8      (561.7)     296.2
REVLON INC-A      RVL1 GR         1,914.8      (561.7)     296.2
RLJ ACQUISITI-UT  RLJAU US          127.7       (14.8)      18.1
ROUNDY'S INC      4R1 GR          1,095.7       (92.7)      59.7
ROUNDY'S INC      RNDY US         1,095.7       (92.7)      59.7
RURAL/METRO CORP  RURL US           303.7       (92.1)      72.4
RYERSON HOLDING   7RY TH          1,630.0      (112.1)     679.6
RYERSON HOLDING   RYI US          1,630.0      (112.1)     679.6
RYERSON HOLDING   7RY GR          1,630.0      (112.1)     679.6
SALLY BEAUTY HOL  S7V GR          2,091.1      (282.9)     690.6
SALLY BEAUTY HOL  SBH US          2,091.1      (282.9)     690.6
SANCHEZ ENERGY C  SN US           1,240.5      (703.2)     288.2
SANCHEZ ENERGY C  SN* MM          1,240.5      (703.2)     288.2
SANCHEZ ENERGY C  13S TH          1,240.5      (703.2)     288.2
SANCHEZ ENERGY C  13S GR          1,240.5      (703.2)     288.2
SBA COMM CORP-A   SBACEUR EU      7,436.3    (1,607.6)    (513.6)
SBA COMM CORP-A   SBJ GR          7,436.3    (1,607.6)    (513.6)
SBA COMM CORP-A   SBAC US         7,436.3    (1,607.6)    (513.6)
SBA COMM CORP-A   SBJ TH          7,436.3    (1,607.6)    (513.6)
SCIENTIFIC GAM-A  TJW GR          7,465.1    (1,666.9)     491.7
SCIENTIFIC GAM-A  SGMS US         7,465.1    (1,666.9)     491.7
SEARS HOLDINGS    SEE TH         10,614.0    (2,693.0)     672.0
SEARS HOLDINGS    SEE QT         10,614.0    (2,693.0)     672.0
SEARS HOLDINGS    SEE GR         10,614.0    (2,693.0)     672.0
SEARS HOLDINGS    SHLD US        10,614.0    (2,693.0)     672.0
SILVER SPRING NE  SSNI US           449.4       (12.3)      15.2
SILVER SPRING NE  9SI TH            449.4       (12.3)      15.2
SILVER SPRING NE  SSNIEUR EU        449.4       (12.3)      15.2
SILVER SPRING NE  9SI GR            449.4       (12.3)      15.2
SIRIUS XM CANADA  SIICF US          291.5      (139.8)    (175.5)
SIRIUS XM CANADA  XSR CN            291.5      (139.8)    (175.5)
SIRIUS XM HOLDIN  RDO TH          8,139.8      (775.1)  (1,605.5)
SIRIUS XM HOLDIN  SIRI US         8,139.8      (775.1)  (1,605.5)
SIRIUS XM HOLDIN  RDO GR          8,139.8      (775.1)  (1,605.5)
SONIC CORP        SONCEUR EU        679.7       (58.5)      98.7
SONIC CORP        SONC US           679.7       (58.5)      98.7
SONIC CORP        SO4 GR            679.7       (58.5)      98.7
SUPERVALU INC     SJ1 TH          4,373.0      (383.0)     203.0
SUPERVALU INC     SJ1 GR          4,373.0      (383.0)     203.0
SUPERVALU INC     SVU* MM         4,373.0      (383.0)     203.0
SUPERVALU INC     SVU US          4,373.0      (383.0)     203.0
TAILORED BRANDS   TLRD* MM        2,184.6       (88.7)     719.8
TAILORED BRANDS   WRMA GR         2,184.6       (88.7)     719.8
TAILORED BRANDS   TLRD US         2,184.6       (88.7)     719.8
TAUBMAN CENTERS   TU8 GR          3,786.8       (36.5)       -
TAUBMAN CENTERS   TCO US          3,786.8       (36.5)       -
TRANSDIGM GROUP   TDGEUR EU      10,570.5      (808.2)   2,204.8
TRANSDIGM GROUP   T7D GR         10,570.5      (808.2)   2,204.8
TRANSDIGM GROUP   T7D QT         10,570.5      (808.2)   2,204.8
TRANSDIGM GROUP   TDGCHF EU      10,570.5      (808.2)   2,204.8
TRANSDIGM GROUP   TDG US         10,570.5      (808.2)   2,204.8
TRANSDIGM GROUP   TDG SW         10,570.5      (808.2)   2,204.8
ULTRA PETROLEUM   UPM GR          1,292.9    (2,996.0)     259.4
ULTRA PETROLEUM   UPLEUR EU       1,292.9    (2,996.0)     259.4
ULTRA PETROLEUM   UPLMQ US        1,292.9    (2,996.0)     259.4
UNISYS CORP       UISEUR EU       2,241.6    (1,273.6)     310.3
UNISYS CORP       USY1 GR         2,241.6    (1,273.6)     310.3
UNISYS CORP       UISCHF EU       2,241.6    (1,273.6)     310.3
UNISYS CORP       UIS US          2,241.6    (1,273.6)     310.3
UNISYS CORP       USY1 TH         2,241.6    (1,273.6)     310.3
UNISYS CORP       UIS1 SW         2,241.6    (1,273.6)     310.3
VECTOR GROUP LTD  VGR US          1,479.5      (175.4)     584.8
VECTOR GROUP LTD  VGR QT          1,479.5      (175.4)     584.8
VECTOR GROUP LTD  VGR GR          1,479.5      (175.4)     584.8
VENOCO INC        VQ US             295.3      (483.7)    (509.8)
VERISIGN INC      VRSN US         2,314.2    (1,127.3)     468.5
VERISIGN INC      VRS TH          2,314.2    (1,127.3)     468.5
VERISIGN INC      VRS GR          2,314.2    (1,127.3)     468.5
VERIZON TELEMATI  HUTC US           110.2      (101.6)    (113.8)
VERSO CORP - A    VRS US          2,523.0    (1,302.0)      57.0
VIEWRAY INC       VRAY US            47.9       (31.1)       2.8
VIRGIN MOBILE-A   VM US             307.4      (244.2)    (138.3)
WEIGHT WATCHERS   WW6 GR          1,265.8    (1,266.4)    (146.1)
WEIGHT WATCHERS   WTWEUR EU       1,265.8    (1,266.4)    (146.1)
WEIGHT WATCHERS   WW6 TH          1,265.8    (1,266.4)    (146.1)
WEIGHT WATCHERS   WTW US          1,265.8    (1,266.4)    (146.1)
WEST CORP         WT2 GR          3,546.6      (522.4)     269.5
WEST CORP         WSTC US         3,546.6      (522.4)     269.5
WESTMORELAND COA  WLB US          1,743.2      (573.1)     (41.5)
WINGSTOP INC      EWG GR            116.8        (0.1)       6.7
WINGSTOP INC      WING US           116.8        (0.1)       6.7
WINMARK CORP      GBZ GR             42.8       (21.9)      13.6
WINMARK CORP      WINA US            42.8       (21.9)      13.6
YRC WORLDWIDE IN  YEL1 TH         1,886.0      (359.8)     271.7
YRC WORLDWIDE IN  YEL1 GR         1,886.0      (359.8)     271.7
YRC WORLDWIDE IN  YRCWEUR EU      1,886.0      (359.8)     271.7
YRC WORLDWIDE IN  YRCW US         1,886.0      (359.8)     271.7
YUM! BRANDS INC   YUMCHF EU       8,184.0      (331.0)    (400.0)
YUM! BRANDS INC   TGR GR          8,184.0      (331.0)    (400.0)
YUM! BRANDS INC   YUMEUR EU       8,184.0      (331.0)    (400.0)
YUM! BRANDS INC   TGR TH          8,184.0      (331.0)    (400.0)
YUM! BRANDS INC   YUM US          8,184.0      (331.0)    (400.0)
YUM! BRANDS INC   YUMUSD SW       8,184.0      (331.0)    (400.0)
YUM! BRANDS INC   TGR QT          8,184.0      (331.0)    (400.0)
YUM! BRANDS INC   YUM SW          8,184.0      (331.0)    (400.0)
ZIOPHARM ONCOLOG  ZIOPEUR EU        128.0       (52.0)     110.7
ZIOPHARM ONCOLOG  WEK GR            128.0       (52.0)     110.7
ZIOPHARM ONCOLOG  ZIOP US           128.0       (52.0)     110.7
ZIOPHARM ONCOLOG  WEK TH            128.0       (52.0)     110.7


                            *********

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.

TCR subscribers have free access to our on-line news archive.
Point your Web browser to http://TCRresources.bankrupt.com/and use
the e-mail address to which your TCR is delivered to login.

                            *********

S U B S C R I P T I O N   I N F O R M A T I O N

Troubled Company Reporter is a daily newsletter co-published
by Bankruptcy Creditors Service, Inc., Fairless Hills,
Pennsylvania, USA, and Beard Group, Inc., Washington, D.C., USA.  
Jhonas Dampog, Marites Claro, Joy Agravante, Rousel Elaine
Tumanda, Valerie Udtuhan, Howard C. Tolentino, Carmel Paderog,
Meriam Fernandez, Joel Anthony G. Lopez, Cecil R. Villacampa,
Sheryl Joy P. Olano, Psyche A. Castillon, Ivy B. Magdadaro, Carlo
Fernandez, Christopher G. Patalinghug, and Peter A. Chapman,
Editors.

Copyright 2016.  All rights reserved.  ISSN: 1520-9474.

This material is copyrighted and any commercial use, resale or
publication in any form (including e-mail forwarding, electronic
re-mailing and photocopying) is strictly prohibited without prior
written permission of the publishers.  Information contained
herein is obtained from sources believed to be reliable, but is
not guaranteed.

The TCR subscription rate is $975 for 6 months delivered via
e-mail.  Additional e-mail subscriptions for members of the same
firm for the term of the initial subscription or balance thereof
are $25 each.  For subscription information, contact Peter A.
Chapman at 215-945-7000 or Nina Novak at 202-362-8552.

                   *** End of Transmission ***