TCR_Public/160926.mbx          T R O U B L E D   C O M P A N Y   R E P O R T E R

              Monday, September 26, 2016, Vol. 20, No. 269

                            Headlines

15 JOHN CORP: Secured Creditor To Seek Ch. 11 Trustee Appointment
1600 LOCUST: Unsecured Creditors To Recoup 33% Under Ch. 11 Plan
1601 WEST SUNNYSIDE: Plan Confirmation Hearing on Oct. 18
36-60 ROUTE 303: Has Deal to Sell Property for $2.45M
39 BISHOP JOE: Plan Outline Okayed, Confirmation Hearing on Nov. 8

39 BISHOP JOE: Unsecureds To Recoup 100% Under Fifth Amended Plan
531 TUNXIS HILL: Unsecureds To Be Paid in Full Within Two Years
84 LUMBER: Moody's Assigns B2 Corporate Family Rating
84 LUMBER: S&P Assigns 'B+' CCR & Rates Proposed $350MM Loan 'B+'
A. H. COOMBS: Wants to Use of Cash Collateral Through Dec. 23

ACB RECEIVABLES: Meeting to Form Creditors' Panel Set for Oct. 13
ACCREDITING COUNCIL: Government Halts Accreditation Recognition
ADAMIS PHARMACEUTICALS: Files Pro Forma Statement of Operations
AEROPOSTALE INC: Court Extends Exclusivity Thru Oct. 31
AIX ENERGY: Robert Imel Objects to Approval of Plan Outline

ALEXANDER TORRES: Hearing on Disclosures To Be Held on Oct. 7
ALLIED BANK: Today's Bank Assumes Deposits, FDIC Named as Receiver
AOG ENTERTAINMENT: Court Approves Bankruptcy Plan
APPLIED MINERALS: Registers 55.1 Million Shares for Resale
AUTOMART INC: Wants Hearing on Disclosures To Be Held on Oct. 11

AVITA ARTESIAN: Unsecureds To Get Paid in Full on Effective Date
B&G FOODS: ACH Biz Acquisition No Impact on Moody's B1 CFR
BAHIA SALINAS: Voluntary Chapter 11 Case Summary
BANK OF COMMERCE: Case Summary & 4 Unsecured Creditors
BANK OF COMMERCE: Files for Bankruptcy Protection

BEAZER HOMES: Closes Offering of $400M Senior Unsecured Notes
BENZIE LEASING: Seeks Cash Collateral Use Extension
BETHEL CATHEDRAL: Hearing on Disclosures Scheduled For Oct. 5
BINDER MACHINERY: Meeting to Form Creditors' Panel Set for Oct. 6
BLAIR OIL: Trustee Seeks Approval of Settlement Agreement

BLAIR OIL: Trustee Selling KEJR-V Interests to Heartland for $1K
BLAIR OIL: Trustee's Sale of Oil and Gas Interests Approved
BRINKER INT'L: Fitch Assigns 'BB+' Unsecured Notes Rating
CAESARS ENTERTAINMENT: Offers to Hike Contributions to CEOC's Plan
CALLIS TRANSPORTATION: Disclosure Statement Hearing on Oct. 18

CALVERY SERVICES: Submits 6-Month Budget for Cash Collateral Use
CATASYS INC: Files Copy of Investor Presentation with SEC
CENTRAL BEEF: Disclosures Conditionally OK'd; Hearing on Nov. 10
CHARTER SCHOOL: Allowed to Use Cash Collateral Until Oct. 12
CHINACODE INC: Lessee Seeks Ch. 11 Trustee Appointment

CHOBANI GLOBAL: Moody's Assigns B3 Corporate Family Rating
CHRISTOPHER RIDGEWAY: Park Place Buying 2 Vehicles for $172K
CHURCH HILL: Seeks Authorization to Use $7K Cash Collateral
CHURCH HILL: Selling Chevrolet Impala and Equinox Eddie's for $13K
CHURCH HILL: Selling Vehicles to 33 Ambulance Services for $46K

CITY CONCRETE: Court Prohibits Cash Collateral Use
CLAIRE'S STORES: S&P Lowers CCR to 'SD', Off CreditWatch Negative
CLARK-CUTLER-MCDERMOTT: Cash Hearing Continued to Sept. 30
CLINT ROSS: Selling Road Hornbeak Property to Petty for $273K
COMPASSION IN HEALTHCARE: Must Show Why PCO Not Necessary, Ct. Says

CRN INC: Unsecureds To Be Paid $222 for 60 Months
CSM BAKERY: S&P Affirms 'B' CCR & Revises Outlook to Negative
DARIUS ENTERPRISES: Ch. 11 Trustee Sought Amid Gross Mismanagement
DARLING INGREDIENTS: Moody's Affirms Ba2 Corporate Family Rating
DEFENSE HOLDINGS: Court Confirms Chapter 11 Plan

DENISE STANSFIELD: Plan Outline Okayed, Conf. Hrg. Set for Nov. 30
DENNIS LEROY SCHEFFER: Selling Everson Property for $600K
DLN PROPERTIES: Hearing on Plan Outline Approval Set For Oct. 3
DOMINICA LLC: Seeks Authorization to Use Cash Collateral
DORAN LOFTS: Selling Glendale Property for $10 Million

DREAMSCAPES LLC: Court Prohibits Use of FSB Cash Collateral
DRYSDALE VILLAGE: Hearing on Plan Disclosures Scheduled For Oct. 20
ELDORADO GOLD: S&P Affirms 'BB-' CCR, Outlook Negative
ELEPHANT TALK: Closes $490,000 Private Stock Offering
EMPYREAN TOWERS: Trustee Selling Oakland Property for $4.8M

ENERGY FUTURE: Court OKs EFIH First Amended Credit Agreement
ENERGY FUTURE: Files 4th Plan & Disclosure Statement
ENERGY FUTURE: Plan Confirmation Hearing Set for Dec. 1
ENERGY FUTURE: TCEH Seeks Estimation of Asbestos Claims Fund
ESSAR STEEL: Ontario Court Extends Stay of CCAA Proceedings

FANSTEEL INC: Wants to Use TCTM Cash Collateral
FASHION STYLE: Disclosures Conditionally OK'd; Hearing on Oct. 5
FIAT CHRYSLER: DBRS Confirms BB(low) Long-Term Ratings
FINJAN HOLDINGS: Awarded $15M in Damages by California Jury
FINJAN HOLDINGS: Five Cybersecurity Patents Held Valid

FINTON CONSTRUCTION: Wants to Continue Using Cash for 90 Days
FIRST DATA: Barbara Yastine Elected as Director
FOAM DESIGN: Unsec. Creditors Expect 10.69% Recovery Under Plan
FOCUS BRANDS: Moody's Rates $625MM Sr. Secured Bank Facility
FORESIGHT ENERGY: S&P Raises ICR to 'B-' Following Restructuring

FORT DEARBORN: Moody's Assigns B3 Corporate Family Rating
FORT DEARBORN: S&P Assigns 'B-' CCR, Outlook Stable
FPMI SOLUTIONS: Selling All Assets to Apprio
FRANK MOULTRIE: Disclosure Statement Hearing Set for Oct. 31
FRANK W. KERR: Selling Novi Assets to Hilco for $95K

FRANK W. KERR: Wants Authorization to Use Cash Collateral
FUNDACION HISPANOAMERICANA: Case Summary & Unsecured Creditor
GBD 40 LLC: Voluntary Chapter 11 Case Summary
GCF SERVICES: Can Use Cash Collateral Through August 2017
GIANNI'S ITALIAN: Can Use IRS Cash Collateral on Final Basis

GKI INCORPORATED: Has Until Oct. 7 to Use First Midwest Bank Cash
GLOBAL COMMODITY: Disclosure Statement Hearing Moved to Dec. 7
GLOBAL GEOPHYSICAL: DIP Financing From Wellington Savings Approved
GLYECO INC: Hires New Vice President of Sales and Marketing
GRAMERCY PROPERTY: Fitch Assigns 'BB+' Rating on Preferred Stock

GRIMMETT BROTHERS: Wants to Use WTSB Cash Collateral
H&S BUSINESS: Secured Creditor Tries To Block Plan Disclosures Okay
HALCON RESOURCES: S&P Raises CCR to 'B-' on Bankr. Emergence
HARBORTOUCH PAYMENTS: S&P Assigns 'B' CCR, Outlook Stable
HAYDEL PROPERTIES: Community Bank Wants to Prohibit Cash Use

HEARTLAND DAIRY: Can Use Cash Collateral Through Sept. 26
HENDRICKSON TRUCKING: Unsecured Claims Have 10% Recovery Under Plan
HERCULES OFFSHORE: Court OKs Bid to Sell 3 Drilling Rigs
HRATCHIA BARDAKJIAN: Creditor Seeks Ch. 11 Trustee
IAMGOLD CORP: Moody's Affirms B3 Corporate Family Rating

ILYA GOLUB: Unsecureds To Recover 6% Under Plan
INNOVATION VENTURES: S&P Affirms 'B+' CCR on Proposed Refinancing
INTELLIPHARMACEUTICS INT'L: Responds to Recent Trading Activity
INTERNATIONAL SHIPHOLDING: Court OKs DIP Financing on Final Basis
INTERNATIONAL SHIPHOLDING: Selling Two Tug Vessels for $165K

INVENTIV HEALTH: Moody's Affirms B3 Corporate Family Rating
ITT EDUCATIONAL: Common Stock Delisted from NYSE
J P S Completion: Has Authorization to Use Cash on Interim Basis
JASMINE HOLDINGS: Asks Court to Approve Plan Disclosures
JEANETTE GUTIERREZ: Selling San Antonio Property for $57K

JEANNIE KILE: Disclosures Okayed, Plan Hearing on Dec. 7
JEFFREY HERRMANN JAFFE: Disclosures OK'd; Hearing on Oct. 5
JUAN EDUARDO: Disclosures Okayed; Plan Hearing Set for Nov. 30
KENNETH ARTHURS: Disclosure Statement Hearing on Nov. 4
KLD ENERGY: Seeks Dec. 20 Extension to Solicit Plan Votes

KUBCO DECANTER: Wants to Use Amegy Bank Cash Collateral
LA PAZ COUNTY IDA: S&P Lowers Rating on Revenue Bonds to 'BB'
LACONTI CONCRETE: Auction of Assets on Oct. 8 Approved
LAW-DEN NURSING: Seeks Authorization to Use Cash Collateral
LEONORA MANOR: Sale of Woodland Hills Property to LARR Approved

LEVEL ACRES: Court Terminates Use of Cash Collateral
LIBERTY ASSET: Selling Arcadia Property to TT for $13.5M
LINN ENERGY: Consenting Creditors Agree to Extend Plan Filing Date
MATTHEW HALPER: Hearing on Plan Outline Set For Oct. 18
MEDIASHIFT INC: Court Enters Case Dismissal Order

METABOLIX INC: Closes $10M Sale of Assets to CJ CheilJedang
MFLR LLC: Unsecured Creditors to Get 100% Under Ch. 11 Plan
MICHAEL BISHOP: Sale of Callaway Property to Quinns Approved
MLFTL INC: Files Plan to Make Rental Payments
MOHAVE AGRARIAN: Unsecureds To Be Paid From Sale Proceeds

MOSAIC MANAGEMENT: Court Prohibits Cash Collateral Use
MOSAIC MANAGEMENT: Court Prohibits Use of Gratacos Cash
MRI INTERVENTIONS: Amends Second Quarter Form 10-Q
NAMAL ENTERPRISES: Has Until Nov. 1 to File Plan
NAMAL ENTERPRISES: Wants to Use TD Bank Cash Collateral

NAUTILUS DEVELOPMENT: Court OKs Use of $55K Cash Collateral
NAVISTAR INTERNATIONAL: Amends Registration Rights Pact with MHR
NAVISTAR INTERNATIONAL: Files $2B Registration Statement with SEC
NAVISTAR INTERNATIONAL: MHR Has 18.4% Stake as of Sept. 21
NEWARK DOWNTOWN: Can Use 4082 Ltd. Cash Collateral on Interim Basis

NIELSEN FINANCE: Moody's Assigns Ba1 Instrument-Level Rating
NJOY INC: CohnReznick Capital to Auction Assets on November 1
NJOY INC: Sets Bidding Procedures for All Assets
NORANDA ALUMINUM: CalFirst & Jamaica Object to Upstream Biz Sale
NXT CAPITAL: Moody's Hikes Corporate Family Rating to B1

OAKFABCO INC: Wants December 31 Plan Filing Extension
ODESSA'S FOSTER CARE: Court Approves Disclosure Statement
PACIFIC SUNWEAR: Cancels Registration of Securities
PALATIN TECHNOLOGIES: Gets Opinion with Going Concern Explanation
PALOMAR HEALTH: Fitch Assigns 'BB+' Issuer Default Rating

PARKLANDS OFFICE: Unsecureds To Recover 100% Under Plan
PERFORMANCE SPORTS: 251091708 Delaware Reports 11.1% Stake
PERFORMANCE SPORTS: Hikes CEO's Base Salary to $1.5 Million
PERFORMANCE SPORTS: Sports Direct Holds 4.1% Stake as of Sept. 20
PERSEON CORP: Plan Filing Deadline Extended Thru Nov. 21

PETROLIA ENERGY: Acquires Additional Interest in Permian Basin Oil
PICO HOLDINGS: Bloggers Admit Error, Chide Marino For Complacency
PICO HOLDINGS: Bloggers Predict Intangible Asset Writedown
PILOT TRAVEL: Moody's Hikes Corporate Family Rating to Ba1
PIONEER HEALTH: Has Until November 30 to File Plan

PLANDAI BIOTECHNOLOGY: Shareholders OK Outstanding Shares Hike
PRAIRIELANDS PUBLIC: S&P Lowers Rating on Revenue Bonds to 'BB'
PRECISION WELDING: Wants to Use Cash Collateral
PRESS GANEY: Moody's Assigns B3 Corporate Family Rating
PROGRESSIVE PLUMBING: Allied Can Collect $70K for S.C. Project

PYKKONEN CAPITAL: To Fund Plan with Echo Mountain Sale Proceeds
QUEST SOLUTION: May Issue 1.9 Million Shares Under Stock Plan
REAM PROPERTIES: Unsecureds To Get $15K Over Five Years
REGIS GALERIE: Seeks Authorization to Use Cash Collateral
RESOLUTE ENERGY: Moody's Hikes Corporate Family Rating to Caa2

RESPONSE BIOMEDICAL: Gets Shareholder OK of Going-Private Deal
RESPONSE BIOMEDICAL: Receives Court OK of Going-Private Deal
RESTORATION HOUSE: Wants to Sell "Purchase Option" to Fund Plan
ROBERT HIGHSMITH: Plan Outline Okayed; Conf Hearing Set for Nov. 1
ROLLSTON BANKS: Disclosures Okayed, Plan Hearing on Nov. 2

ROMAD REALTY: Seeks Jan. 20 Exclusive Plan Filing Period Ext.
ROYCE MCBRIDE: Disclosures OK'd; Plan Hearing On Oct. 13
RP CROWN: Changes to Financing Won't Affect Moody's B2 CFR
SAMSON RESOURCES: 2nd Amended Plan Has Support of 39% Lien Lenders
SAMSON RESOURCES: Court Approves Bid to Sell Aircraft for $2.7MM

SAMSON RESOURCES: U.S. Trustee Objects to Break-Up Fee Provision
SANDRIDGE ENERGY: Wins Plan Confirmation, October Ch.11 Exit Eyed
SCARBOROUGH & HARGETT: Unsecureds To Recoup 8% Under Plan
SEARS HOLDINGS: Said to Close 64 K-Mart Stores by Mid-December
SHERWIN ALUMINA: Needs Surcharge Waiver In DIP Financing

SIGA TECHNOLOGIES: Has $80,000,000 Loan from OCM Strategic Credit
SOLID DREJP: DOJ Watchdog Seeks Appointment of Ch. 11 Trustee
SPORTS AUTHORITY: Seeks Dec. 27 Plan Filing Period Extension
SSNN-2210 MIDWEST: Court OK's Disclosures, Confirms Amended Plan
ST. JAMES NURSING: Bid for Appointment of Ch. 11 Trustee Denied

ST. JUDE NURSING: Three Residents Had Issues, 4th PCO Report Says
ST. LOUIS METAL: Savings from Employee Termination Will Fund Plan
STANDARD INDUSTRIES: Moody's Affirms Ba2 Corporate Family Rating
STARZ ACQUISITION: Seeks Permission to Use Cash Collateral
STERNSCHNUPPE LLC: Submits Second Amended Cash Collateral Motion

STOCKTON PFA: S&P Alters Outlook to Pos. & Affirms 'B-' COPs Rating
STRATA SKIN: Extends Consulting Agreements to Dec. 31
SUGARMAN'S PLAZA: Unsecureds To Get Paid Through Net Sale Proceeds
SUN PROPERTY: Can Get $150K Financing from Rajeswary Singh
SUNEDISON INC: Sale of Shares in SunE Troughton Approved

SUNRISE COOPERATIVE: Case Summary & 7 Unsecured Creditors
SYNCARDIA SYSTEMS: Closes Sale to Sindex SSI
T-REX OIL: Jon Nicolaysen Resigns as EVP and Director
TAR HEEL OIL: Court Allows Cash Collateral Use Until Nov. 3
TEMPLAR ENERGY: Moody's Drops "Ca" CFR After Debt-for-Equity Swap

TEXAS PELLETS: Seeks Approval of Pellets Agreement
THAMES FUNDING: Can Use Dime Savings Bank Cash Collateral
TOWERSTREAM CORP: Closes Public Offering of $4M Common Stock
TOWERSTREAM CORP: To Add 70 New On-Net Buildings in Q3
TOWN SPORTS: Appoints Patrick Walsh Chief Executive Officer

TRANSGENOMIC INC: Chief Accounting Officer Resigns
TRAVELPORT WORLDWIDE: Closes Secondary Offering of Common Shares
TUSCANY ENERGY: Can Use Cash Collateral Through October 10
TWO MILE RANCH: Wants Approval to Use Cash Until Dec. 31
ULTRA PETROLEUM: Ch. 11 Case Dismissal, Trustee Appointment Sought

UNILIFE CORP: Receives NASDAQ Listing Non-Compliance Notice
VERENGO INC: Case Summary & 23 Largest Unsecured Creditors
VERENGO INC: Files Ch.11 Bankruptcy Petition to Facilitate Sale
VERENGO INC: Propoes Crius-Led Sale Process
VIGGLE INC: Borrows Additional $209,586 from Sillerman

VILLA PIZZA: Asks Court to Approve Outline of Chapter 11 Plan
VOYA FINANCIAL: Fitch Affirms 'BB+' Subordinated Debt Rating
WALKER III: Seeks Appointment of Ch. 11 Examiner
WANDA MENDEZ: Unsecureds to Get 0.94% Under Reorg Plan
WASHINGTON ECONOMIC: S&P Lowers Rating on Revenue Bonds to 'BB+'

WCI COMMUNITIES: Lennar Merger Deal Prompts Moody's Ratings Review
WEEKLEY HOMES: S&P Lowers CCR to 'B+', Outlook Stable
WESTMORELAND COAL: Joined Credit Suisse 2016 Conference
WESTPORT HOLDINGS: Case Summary & 20 Largest Unsecured Creditors
WHITESBURG REALTY: Seeks to Use Cash Collateral Through Oct. 31

YAKH LLC: Use of Cash Collateral Moot
YASHAMAR INC: Starmax Offers $2.4M for Comfort Inns in Porter
YORK RISK: S&P Affirms 'B-' Longterm CCR, Outlook Stable
[^] BOND PRICING: For the Week from Sept. 19 to 23, 2016

                            *********

15 JOHN CORP: Secured Creditor To Seek Ch. 11 Trustee Appointment
------------------------------------------------------------------
Rewards Network Establishment Services Inc., a secured creditor and
a party-in-interest, filed a notice before the United States
Bankruptcy Court for the Southern District of New York, saying he
would address and ask U.S. Judge Michael E. Wiles to enter an order
for the appointment of a Chapter 11 Trustee for 15 John Corp.,
a/k/a Les Halles, a/k/a First Admin Inc., in a hearing on October
18, 2016.

Any objections to the Motion must be in writing and to be filed
with the Clerk of the Bankruptcy Court and with Chambers, and
received by Quarles & Brady LLP, One Renaissance Square, Two North
Central Avenue, Phoenix, Arizona 85004-2391 in accordance with the
Local Rules of Bankruptcy Procedure for the Southern District of
New York.

         About 15 John Corp.

15 John Corp. sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. S.D.N.Y. Case No. 16-12453) on August 25, 2016.  The
petition was signed by Philip Lajaunie, president.  

The case is assigned to Judge Michael E. Wiles.

At the time of the filing, the Debtor estimated its assets at
$50,000 to $100,000 and debts at $1 million to $10 million.


1600 LOCUST: Unsecured Creditors To Recoup 33% Under Ch. 11 Plan
----------------------------------------------------------------
1600 Locust Avenue Associates, LLC, et al., filed with the U.S.
Bankruptcy Court for the Eastern District of New York a disclosure
statement dated Sept. 1, 2016, accompanying the Chapter 11 plan.  

Under the Plan, holders of Class 4 General Unsecured Claims will
receive 33% of all unsecured creditors registered claim amount plus
interest at 8% until the claim is paid in full in five years.

Secured creditors under Class 1A will receive a 25% debt for equity
swap and a 75% debt for debt swap.  The new debt will be in the
form of a note issued by RDL Acquisitions, Inc.  The new note will
make interest only payments of 8% per annum starting on April 1,
2017, and the principal balance of the note will be paid in full
within 60 months thereafter.

The Disclosure Statement is available at:

           http://bankrupt.com/misc/nyeb16-71189-40.pdf

1600 Locust Avenue Associates, LLC, filed for Chapter 11 bankruptcy
protection (Bankr. E.D.N.Y. Case No. 16-71189) on March 21, 2016,
estimating its assets and liabilities at up to $50,000.  Michael G
McAuliffe, Esq., at The Law Office of Michael G. Mcauliffe serves
as the debtor's bankruptcy counsel.

Schoolman Transportation System, Inc., sought protection under
Chapter 11 of the Bankruptcy Code in the U.S. Bankruptcy Court for
the Eastern District of New York (Central Islip) (Case No.
16-71172) on March 18, 2016.  The petition was signed by William
Schoolman, CEO.  The Debtor is represented by Michael G. McAuliffe,
Esq., at The Law Office of Michael G. McAuliffe.  The Debtor
disclosed total assets of $2.01 million and total debts
of $4.43 million.

Hampton Transportation Ventures, Inc., sought protection under
Chapter 11 of the Bankruptcy Code in the U.S. Bankruptcy Court for
the Eastern District of New York (Central Islip) (Case No.
15-73837) on Sept. 8, 2015.  The petition was signed by William
Schoolman, CEO.  The case is assigned to Judge Alan S. Trust.  The
Debtor disclosed total assets of $6.5 million and total debts of
$5.1 million.


1601 WEST SUNNYSIDE: Plan Confirmation Hearing on Oct. 18
---------------------------------------------------------
Bankruptcy Judge Jim D. Pappas in Idaho approved the second amended
disclosure statement explaining the Amended Chapter 11 Plan of
Reorganization filed by 1601 West Sunnyside #106, LLC

The Debtor filed the Second Amended Disclosure Statement on
September 2, 2016, to accompany the Amended Chapter 11 Plan dated
August 25, 2016.

October 13, 2016 is fixed as the last day for filing written
acceptances or rejections of the plan.  If acceptances are filed
for more than one plan, preferences among the plans so accepted may
be indicated.

October 18, 2016, at 9:00 a.m. is fixed for the hearing on
confirmation of the plan.  The hearing will be held at the U.S.
Courthouse, 550 West Fort St., Boise, Idaho.

October 13, 2016 is fixed as the last day for filing and serving
pursuant to Fed. R. Bankr. P. 3020(b)(1) written objections to
confirmation of the plan.

                  About 1601 West Sunnyside

1601 West Sunnyside Drive #106, LLC, sought protection under
Chapter 11 of the Bankruptcy Code (Bankr. D. Idaho Case No.
15-40587) on June 15, 2015.  The Debtor tapped Randal J. French,
Esq., at Randal J. French, P.C., in Boise, Idaho, as counsel.


36-60 ROUTE 303: Has Deal to Sell Property for $2.45M
-----------------------------------------------------
36-60 Route 303 Associates, LLC, asks the U.S. Bankruptcy Court for
the Southern District of New York to authorize the private sale of
real property located at 36-60 Route 303, Valley Cottage, New York
to Konstantinos Paxos or an entity of which he is a member for of
$2,450,000.

A hearing on the Motion is set for Sept. 29, 2016 at 10:00 a.m.

There is a mortgage on the property in the approximate outstanding
amount of $2,200,000 held by Amalfi Realty, LLC ("Amalfi").

In addition, the County of Rockland, Town of Clarkstown, is owed
real property taxes in the approximate amount of $300,000,
inclusive of interest, penalties and fees.

The property has been extensively marketed over the past three
years in various fashions by several different real estate
professionals, including by Royal Properties and on a well-known
commercial Web site, http://www.loopnet.com/

In February 2016, Rand Realty identified a potential purchaser for
the Property who offered $2,350,000, by far the highest offer
received over the years.  Unfortunately, the offer was still
"short" of the amount required to pay the disputed mortgage with
Amalfi, the outstanding real estate taxes, and closing costs in
full.

On March 21, 2016, a proceeding was commended by the County of
Rockland to foreclose tax liens on the property, with a deadline to
redeem of June 16, 2016.

The Debtor attempted in good faith to complete the sale transaction
with the Purchaser prior to the tax lien foreclosure by negotiating
a discounted pay off with Amalfi, but the parties were unable to
come to an agreement.  The Debtor missed its April 2016 mortgage
payment.  On May 6, 2016, Amalfi delivered to the tenants at the
Property a notice demanding turnover of all rents to Amalfi.

On May 11, 2016, the Debtor filed the Chapter 11 case in order to
protect the property from the tax foreclosure, with the intent of
either proceeding with a private sale if the Debtor could negotiate
a discount of certain claims, or if the creditors would not agree
to discounts, then to retain a broker/auctioneer and proceed with
an auction of the property.

The Purchaser agreed to be the stalking horse bidder at $2,350,000.
However, in order to exceed the Purchaser's offer, the next
highest offer would have to cover a 10% broker/auctioneer fee of
approximately $235,000 plus marketing costs of approximately
$12,500, plus add some additional profit to the estate.  The
parties were wary that the property would not justify such as
substantial increase in price, thereby resulting in all parties
receiving less than in a private sale that provided for discounted
pay-offs.  Likewise, Rand Realty, the prepetition broker, had an
interest in compromising its claim in order to avoid losing its
right to any funds if a new third party was the successful bidder.

Therefore, during the Chapter 11 case, the parties continued to
negotiate and work toward a resolution that would include discounts
on claims because the Purchaser, Amalfi and the Debtor each had an
interest in avoiding the uncertainty and substantial costs
associated with retaining a broker/auctioneer.

In furtherance of these negotiations, early on in the Chapter 11
case the Purchaser offered to increase the purchase price to
$2,450,000 conditioned upon creditors compromising their claims
such that a private sale could be conducted. To the Purchaser, the
substantial increase in price was worth the certainty of a private
sale and avoiding the additional costs of participating in an
auction as a stalking horse.

In August 2016, Rand Commercial, the prepetition broker who
introduced the Purchaser and the Debtor, agreed to accept $50,000
in full satisfaction of its brokerage commission in the approximate
amount of $115,000.  To Rand, the discount in its claim was worth
the certainty that it would receive something, and that the
property would not be sold to an unrelated third party in an
auction.

On Sept. 20, 2016, the Debtor and Amalfi reached an arrangement
whereby Amalfi has agreed to reduce its claim to $2,000,000, plus a
portion of rent for October 2016 as set forth in a stipulation
between the parties.  The compromise will make it possible for all
creditors to be paid in full or be paid an agreed discounted amount
on their claims.

Creditors Gateway, Harding, King Post Partners, Paret and Teestol,
each companies in which the Debtor's principal has an interest or a
family member has an interest, have agreed to subordinate their
claims, receiving payment only to the extent there are funds
remaining after payment of all other creditor claims in full or in
an agreed discounted amount.

At the closing, the Debtor will pay all real estate tax arrears
plus $2,000,000 to Amalfi.  After the closing, the Debtor's
professionals will file a fee application and the Debtor will file
a motion seeking authorization to distribute the balance of funds
from the closing plus all remaining cash assets to the creditors.

The Debtor estimates these assets and payments to creditors:

    a. At closing:

       Purchase Price                            $2,450,000
       County of Rockland                          $300,000
       Amalfi Realty LLC                         $2,000,000
       Security Deposit Credit                       $5,220
       Balance of Sale Proceeds                    $144,780

    b. Upon Motion to the Court:

       Assets: Balance of Sale Proceeds            $144,780
       Claims:
           Administrative: Professional Fees        $50,000
                US Trustee 3rd Q                       $650
                US Trustee 4th Q                     $9,750

           Priority: NYS Tax                           $265
           General Unsecured: A&R Alarm                $401
                            Bug Runner                 $173
                            NYS Tax (Unsecured)         $75
                            Orange & Rockland          $750
                            Orange & Rockland          $576
                            Orange & Rockland          $352
                            Orange & Rockland          $121
                            Orange & Rockland          $252
                            Rand Commercial         $50,000
                            S&J Service Center       $4,000
                            Sergio Polanco           $2,500
                            SFA Landscaping            $704
                            Slacky CPA              $10,000
                            Stern Agency             $1,433
                            Suez Water                 $458
                            Suez Water                 $126
                            Verizon                    $300

            Total Non-Insider Creditor Claims      $132,885
            Balance of Sale Proceeds:               $11,895

    c. Additional Cash Assets:

            DIP Account Balance                     $30,000
            Utility Deposit Refund                   $2,560
            Insurance Refund                         $3,000

                Total Funds Available:              $47,455

    d. Amalfi Claim: Portion of October 2016 rent unknown
(est. less than $15,000)

    e. Insider Claims: Gateway                       $6,675
                       Harding                      $33,780
                       King Post Partners           $19,520
                       Paret                        $20,930
                       Teestol                      $43,350
                                                   --------
                             Total                 $124,255

In this manner, the Debtor intends to pay all creditors in full or
in an agreed discounted amount. The subordinated insider claims are
anticipated to receive a partial pro rata distribution, but perhaps
at a 75% to 80% discount.

On May 12, 2016, after arm's-length negotiations, the Debtor and
the Purchaser executed a Purchase and Sale Agreement providing for
a sale price in the amount of $2,350,000.

As negotiations developed with Amalfi, the Purchaser agreed to
increase the sale price to $2,450,000, with the balance of terms
remaining substantially the same.  An Amended Purchase and Sale
Agreement ("PSA") reflecting the increased purchase price is
currently being circulated for signatures. The Debtor anticipates
filing a supplement to the Motion prior to the hearing containing a
signed copy of the PSA.

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

       http://bankrupt.com/misc/36-60_Route_28_Sales.pdf

The Debtor seeks approval to sell the Property (as defined in the
PSA) to the Purchaser on, among others, these terms and
conditions:

   a. Seller: 36-60 Route 303 Associates, LLC

   b. Purchaser: Konstantinos Paxos, or an entity of which he is a
member

   c. Purchase Price: $2,450,000

   d. Deposit: $157,000, payable upon execution of the PSA
(currently held in Debtor's counsel's escrow account), plus $78,000
payable within two business days of the Bankruptcy Court entering
an order approving the Sale.

   e. Property: All of Seller's right, title and interest in and to
the following, free and clear of all liens, claims, encumbrances
and interests of any kind (including, without limitation, those of
all federal, State and local taxing authorities).

The Debtor requests expedited approval of the PSA and authorization
to sell the assets outlined therein.  The Purchaser is ready to
close immediately, the Debtor wishes to close as soon as possible
to save continued accruing interest on the real estate taxes, and
Amalfi's compromised claim is contingent upon a swift closing.

The Debtor is also seeking waiver of the 14-day stay periods under
Bankruptcy Rules 6004(h) and 6006(d).

                 About 36-60 Route 303 Associates

36-60 Route 303 Associates, LLC, owns a shopping center located at
36-60 Route 303, Valley Cottage, New York.

About 36-60 Route 303 Associates, LLC, sought Chapter 11 protection
(Bankr. S.D.N.Y. Case No. 16-22645) on May 11, 2016.  Judge Robert
D. Drain is assigned to the case.

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

The Debtor tapped Dawn Kirby, Esq., at DelBello Donnellan
Weingarten Wise & Wiederkehr, LLP, as counsel.

The petition was signed by Martin Tenenbaum, managing member.



39 BISHOP JOE: Plan Outline Okayed, Confirmation Hearing on Nov. 8
------------------------------------------------------------------
39 Bishop Joe L. Smith Way, LLC, is now a step closer to emerging
from Chapter 11 protection after a bankruptcy judge approved the
outline of its plan of reorganization.

Judge Frank Bailey of the U.S. Bankruptcy Court for the District of
Massachusetts gave the thumbs-up to the disclosure statement after
finding that it contains "adequate information."

The order set a November 1 deadline for creditors to cast their
votes and file their objections.

A court hearing to consider confirmation of the plan is scheduled
for November 8, at 11:30 a.m.  The hearing will take place at John
W. McCormack Post Office and Courthouse, 5 Post Office Square,
Boston, Massachusetts.

                       About 39 Bishop Joe

39 Bishop Joe L. Smith Way, LLC, is the owner of two buildings
located at 39 Bishop Joe L. Smith Way, Dorchester, Massachusetts.
The property contains two vacant buildings, each containing six
units, currently undergoing renovation.

39 Bishop Joe L. Smith Way filed a Chapter 11 petition (Bankr. D.
Mass. Case No. 15-10311) on Jan. 29, 2015, estimating under $1
million in both assets and liabilities.  The Debtor is represented
by John M. McAuliffe, Esq., at McAuliffe & Associates, P.C.  The
case is assigned to Judge Frank J. Bailey.


39 BISHOP JOE: Unsecureds To Recoup 100% Under Fifth Amended Plan
-----------------------------------------------------------------
39 Bishop Joe L. Smith Way, LLC, and third party proponent Shanti
Acquisition, LLC, filed with the U.S. Bankruptcy Court for the
District of Massachusetts a fifth amended disclosure statement
dated Sept. 2, 2016, with respect to the fifth amended plan of
reorganization.

Under the Plan, holders of Class 3 General Unsecured Claims --
estimated at $1,390 -- will recover 100% and are entitled to vote
on the Plan.

This Plan will be funded through: (i) the DIP loan; (ii) funds
provided by the Third Party Proponent; and (ii) sale of the
Debtor's real property.

The Plan is a liquidating plan that anticipates the conveyance of
the Debtor's real property to Shanti upon completion of the
construction and payment in full of the Class 1 claim.  Shanti, as
Proponent, will fund all Plan payments and obligations until the
Class 1 Claim of Hingham Institutions for Savings is paid in full
via a refinance or sale of the property.  The Confirmed Debtor will
remain liable on all the note and loan obligations to Hingham.  The
existing liens will remain as first priority liens on the Debtor's
property.  The Class 2 and Class 3 claims will be paid in full on
the Effective Date.

The Plan contemplates that Debtor and Proponent will enter into a
management agreement and construction finance agreement that is
junior to the senior lien of Hingham, which will allow Shanti to
immediately (after court approval) commence construction of the
property.  Shanti will provide the Debtor with this
debtor-in-possession loan in an amount necessary to complete
construction, plus pay monthly soft costs equal to (a) the Bank's
non-default monthly payment, (b) insurance of the property
(pro-rated, if not paid monthly), and (c) real estate taxes.  The
DIP loan will be secured by a third lien (after the Bank's mortgage
and City of Boston Pride Lien) on the real property.  The Debtor
anticipates monthly payments to the Bank will commence effective as
of July 1, 2016, which will be paid by Shanti.  The Debtor and the
Proponent anticipate filing the motion to approve the DIP Loan on
an expedited basis in order to commence the renovation and
construction as soon as practicable.

The Disclosure Statement is available at:

           http://bankrupt.com/misc/mab15-10311-189.pdf

                       About 39 Bishop Joe

39 Bishop Joe L. Smith Way, LLC, is the owner of two buildings
located at 39 Bishop Joe L. Smith Way, Dorchester, Massachusetts.
The property contains two vacant buildings, each containing six
units, currently undergoing renovation.

39 Bishop Joe L. Smith Way filed a Chapter 11 petition (Bankr. D.
Mass. Case No. 15-10311) on Jan. 29, 2015, estimating under $1
million in both assets and liabilities.  It is represented by John
M. McAuliffe, Esq., at McAuliffe & Associates, P.C.


531 TUNXIS HILL: Unsecureds To Be Paid in Full Within Two Years
---------------------------------------------------------------
531 Tunxis Hill Associates, LLC, filed with the U.S. Bankruptcy
Court for the District of Connecticut a disclosure statement
describing the Debtor's plan of reorganization.

Class 4 General Unsecured Claims in the total amount of $29,494.33
are impaired.  The Debtor will pay all allowed unsecured claims in
full within two years of the Effective Date of confirmation in
equal yearly installments.  Payments of the amounts due will be
made yearly in arrears commencing with the first payment one year
from the Effective Date of the Plan.  The creditors will receive
interest at the U.S. District Court judgment rate which is fixed on
the effective date.

The payments required under the Plan will be made from the Debtor's
operation of the property, which draws rent from its tenant to make
the payments in accordance with the treatment of each of the
secured creditors.  In the event of rental shortfalls or other
circumstances resulting in a shortfall of plan payments, the Debtor
or its principal will provide cash payments sufficient to cover any
shortfall and maintain the payments contemplated in the Plan.

Additionally, the Debtor has employed Joel Hausman of Del Ray
Associates, LLC, to market the property for sale and lease to
insure the necessary cash flow to maintain and complete the plan
payments.  The Debtor will also actively seek to refinance the
Debtor's property in an effort to satisfy its creditors.  If the
property is sold, the Debtor anticipates that all creditors will be
paid in full at closing.  The Debtor indicates that he has the
ability to pay the ongoing plan payments monthly from its business
operations in order to service the indebtedness.

The Disclosure Statement is available at:

           http://bankrupt.com/misc/ctb15-51468-121.pdf

                  About 531 Tunxis Hill Associates

531 Tunxis Hill Associates, LLC, owns single asset piece of real
estate known as 531 Tunxis Hill Road located in Fairfield,
Connecticut.  

The Debtor filed a Chapter 11 petition (Bankr. N.D. Conn. Case No.
15-51468) on Oct. 20, 2015.  The petition was signed by Nicholas J.
Gramigna, Jr., president.  

Michael A. Carbone, Esq., and James G. Verillo, Esq., at Zeldes,
Needle & Cooper, P.C., serve as counsel to the Debtor.  The Debtor
estimated assets and debts at $100,001 to $500,000 at the time of
the filing.


84 LUMBER: Moody's Assigns B2 Corporate Family Rating
-----------------------------------------------------
Moody's Investors Service assigned a first-time B2 Corporate Family
Rating and B2-PD Probability of Default Rating to 84 Lumber Company
("84 Lumber"), a national supplier of lumber, building materials
and construction services primarily for the domestic new
residential construction sector, following the announcement that
the company is refinancing its 2007 sale lease buyback. In a
related rating action, Moody's assigned a B3 rating to the proposed
$350 million senior secured term loan-maturing 2023. Proceeds from
the term loan will be used to term out about $135 million of
borrowings under the company's revolving credit facility, to
refinance $205 million sale lease buyback transaction, and to pay
related fees and expenses. The rating outlook is stable.

The new debt capital structure for 84 Lumber Company, primary
operating entity, will consist of a $350 million asset-based senior
secured revolving credit facility expiring 2021 (unrated), of which
approximately $130 million will be outstanding at closing, a $350
million senior secured term loan maturing 2023, and approximately
$54 million in capital leases.

84 Lumber Companies, issuer of audited financial statements and a
non-legal entity, is a roll-up of different entities comprising the
consolidated group. It includes other companies, which have about
$21.5 million in bilateral term loans. Moody's considers these term
loans in 84 Lumber's overall debt capital, even though 84 Lumber
Company has no legal obligation to support them.

The following ratings/assessments are affected by this action:

   -- Corporate Family Rating assigned B2;

   -- Probability of Default Rating assigned B2-PD; and,

   -- Senior Secured Term Loan maturing 2023 assigned B3 (LGD5).

RATINGS RATIONALE

84 Lumber's B2 Corporate Family Rating results from Moody's view
that the company is pursuing aggressive financial policies,
resulting in a lack of free cash flow generation and its greatest
credit challenge. Ms. Hardy-Magerko, owner and President of 84
Lumber, continues monetizing her investment in the company.
Dividends greatly exceed Ms. Hardy-Magerko's investment in 84
Lumber. This cash could otherwise be invested in the business. As a
result of ongoing dividends, Moody's projects free cash
flow-to-debt remaining negative over the next 12 - 18 months.

Leverage is reasonable relative to the ratings. Total balance sheet
debt at closing will approximate $555 million. As a result, Moody's
estimates pro forma debt-to-EBITDA in the 5.0x -- 5.25x range at
2Q16. Our leverage calculation includes estimates for rent expense
adjustments and additional capital leases, of which both would be
eliminated in the consolidating financial statements. Moody's said,
"We do not anticipate any significant improvement in leverage. Cash
consumption will be funded with borrowings, offsetting gains from
higher levels of revenues and earnings due to end market expansion.
We project steady operating margins, which are currently in-line
with peers and assigned ratings. Hence, interest coverage, measured
as EBITA-to-interest expense, should be in the 3.0x -- 3.5x range
over the next 12 to 18 months, a credit strength (all ratios
incorporate Moody's standard adjustments)." 84 Lumber is profiting
from low interest rates for its debt. In addition, it is benefiting
from solid single-family new residential construction activity,
main driver of its revenues. Sufficient revolver availability to
fund cash shortfalls and no near-term maturities beyond term loan
amortization are credit strengths as well.

The stable rating outlook reflects our expectations that revolver
availability will remain sufficient to fund the company's cash
consumption. “We also expect leverage and interest coverage
ratios remaining supportive of the B2 Corporate Family Rating over
the next 12-18 months.” Moody's said.

The B3 rating assigned to the senior secured term loan due 2023,
one notch below the Corporate Family Rating, results from its
effective subordination to the company's $350 million asset-based
revolving credit facility. The term loan is secured by a first lien
on predominately all of 84 Lumber's assets not pledged to secure
the asset-based revolving credit facility. It also has a second
lien on the assets securing the revolver on a first lien basis.
Some of 84 Lumber's affiliated companies guarantee the term loan.
The loan amortizes at 1% per year with a bullet payment at
maturity. Residual value of second lien collateral limits recovery
in a distressed scenario as the term loan would absorb the first
losses in a recovery scenario.

Moody's does not anticipate upgrading 84 Lumber's ratings over the
intermediate term due to elevated debt leverage and lack of free
cash flow generation. However, positive ratings momentum could
occur if the company exceeds our expectations, uses free cash flow
to reduce balance sheet debt, and its performance results in the
following credit metrics (ratios include Moody's standard
adjustments) and characteristics:

   -- Debt-to-EBITDA remaining comfortably below 4.0x

   -- Free cash flow-to-debt sustained above 5%

   -- Improvement in the company's liquidity profile

Negative rating actions could occur if 84 Lumber's operating
performance falls below our expectations, resulting in the
following credit metrics (ratios include Moody's standard
adjustments) and characteristics:

   -- Debt-to-EBITDA sustained above 5.5x

   -- EBITA--to-interest sustained below 1.5x

   -- Deterioration in the company's liquidity profile

   -- Larger than anticipated shareholder distributions

The principal methodology used in these ratings was Distribution &
Supply Chain Services Industry published in December 2015.

84 Lumber Company, headquartered in Eighty Four, PA, is a national
supplier of lumber, building materials and construction services
primarily for the domestic new residential construction sector.
Trusts for the benefit of Ms. Margaret Hardy-Magerko are the
beneficial owners, owning nearly 95% of 84 Lumber. Revenues for the
12 months end June 26, 2016 total approximately $2.7 billion.


84 LUMBER: S&P Assigns 'B+' CCR & Rates Proposed $350MM Loan 'B+'
-----------------------------------------------------------------
S&P Global Ratings said that it assigned its 'B+' corporate credit
rating to 84 Lumber Co.  The outlook is positive.

At the same time, S&P assigned its 'B+' issue-level rating and '3'
recovery rating to the company's (with co-borrowers 84 Properties
LLC and Pierce Hardy Limited Partnership) proposed $350 million
seven-year senior secured term loan.  The '3' recovery rating
indicates S&P's expectation for meaningful (upper half of the
50%-70% range) recovery in the event of a payment default.

84 Lumber will use the term loan proceeds -- along with $350
million of proceeds from a new five-year $350 million asset-based
lending (ABL) facility -- to repurchase real estate assets
previously sold through a sale leaseback transaction in 2007,
refinance its existing $350 million ABL facility due 2018, and pay
transaction fees and related costs.

The 'B+' corporate credit rating on 84 Lumber Co. reflects S&P's
view of the company's weak business risk profile and aggressive
financial risk profile.

The weak business risk profile reflects the still-fragmented nature
of the building materials distribution sector, the historically low
profit margins inherent in building products distribution,
vulnerability to cyclical housing construction cycles, narrow
product and market focus in residential construction, and intense
competition. Partially offsetting these business risks are 84
Lumber's scale and size as the third-largest building materials
distributor in the U.S., with about $2.5 billion of annual revenue;
its modest geographic diversity in regional markets in the U.S.;
and recently improved profit margins resulting from selling more
value-added products and services.

S&P's ratings also take into account its assessment of 84 Lumber's
aggressive financial risk profile, which reflects pro forma
adjusted debt to EBITDA leverage of about 4.3x and funds from
operations (FFO) to debt of about 17%.  S&P's financial risk
assessment incorporates its expectation for volatility in 84
Lumber's cash flows given the company's and industry's past
volatility of earnings, which are attributable to the highly
cyclical single-family residential construction markets.  Although
S&P expects a decline in adjusted leverage to below 4x in 2017,
intra-year leverage generally increases to over 4x as debt
increases to fund seasonal working-capital build-up, which is
reduced in the fourth quarter from seasonal cash flows.

S&P expects U.S. housing starts to be about 1.2 million units and
U.S. residential construction to improve by 9% in 2016 compared
with 2015, with starts increasing to about 1.4 million in 2017.  In
this environment, S&P expects the company to post sales of about
$2.7 billion for 2016 with EBITDA margins of about 5%, which are in
line with the results of other leading building materials
distributors.  For 2017, if housing starts reach the 1.4 million
level, S&P believes 84 Lumber's EBITDA could increase 20%, with
leverage falling below 4x.

84 Lumber is a leading provider of lumber, building materials,
trusses, doors, millwork, and construction services to
homebuilders, professional contractors, and remodels/renovators.
About 10% of the company's sales are also directly to retail
project-oriented consumers.  The company operates 250
store/distribution locations across 30 states, with roughly half of
its stores located in the eastern U.S.

The positive outlook reflects S&P's expectation that based on its
estimates of 1.4 million housing starts for 2017, 84 Lumber could
lower and sustain debt leverage below 4x and FFO-to-debt of above
20%.  This would be consistent with a significant financial risk
profile and a higher rating.  Moreover, S&P believes there is
potential for 84 Lumber to reduce leverage further--to the lower
end of the significant range--if housing starts and residential
construction activity continue to improve over the next couple of
years as expected, with little probability of downward cyclical
earnings pressure and increased debt leverage during this recovery
period.

S&P could revise the outlook to stable if housing starts in 2016
fail to meet expectations for housing starts and remodeling
spending, resulting in flat EBITDA and leverage measures in the
upper half of the aggressive range.  S&P would also consider a
negative rating action if the company adopted a much more
aggressive financial policy, incurring debt to fund dividends or
acquisitions, such that EBITDA leverage was sustained above 5x.

S&P would consider an upgrade to 'BB-' if 84 Lumber's operating
results continued to improve with increased housing starts,
resulting in increased earnings and leverage measures in the lower
end of the significant category with debt to EBITDA sustained below
3.5x and FFO-to-debt approaching 25%.


A. H. COOMBS: Wants to Use of Cash Collateral Through Dec. 23
-------------------------------------------------------------
A.H. Coombs, LLC and CHC Development Co., Inc. ask the U.S.
Bankruptcy Court for the District of Utah for authorization to
continue using cash collateral from Sept. 24, 2016 until Dec. 23,
2016.

The Debtors relate that GVS Holdings, LLC holds a claim against the
Debtor.  The Debtors further relate that they disagree with GVS
Holdings about the amount of the claim because they disagree about
whether the Debtors defaulted in its obligations under the Workout
Agreement pre-petition.  The Debtors add that the amount owing
under the Workout Agreement if there was no pre-petition default is
approximately $5,000,000.

The Debtors intend to collect, use and spend post-petition rents
constituting cash collateral only to pay the expenses identified in
their proposed Budget.

The Debtors propose that GVS Holdings be granted with these
adequate protection for the use of its collateral:

     (1) a continuing, perfected, replacement lien consisting of a
first priority lien in postpetition rents, inventory, accounts,
general intangibles, property acquired postpetition, and their
proceeds;

     (2) monthly adequate protection payments in the amount of
$12,500;

     (3) a superpriority administrative claim against the
Debtor’s estate senior to all other administrative expenses to
the extent of a Postpetition Loss occurring during or precipitated
by events or circumstances arising or occurring during the period
the proposed continuing order is in effect; and

     (4) the Debtor will continue its efforts to seek recovery and
will pay the amount of $75,000 to GVS, either by voluntary
agreement/settlement with or by the commencement of suit via
adversary procedures against insiders: Kenneth Coombs, Steven
Coombs and Shirley Williams; for recovery of preferential payments
made on or about March 3, 2016.

A full-text copy of the Debtors' Motion, dated September 15, 2016,
is available at https://is.gd/8Th81R


                      About A. H. Coombs

CHC Development Co., Inc., was incorporated in 1976 to develop and
operate a business as the Green Valley Spa Resort.  A.H. Coombs,
LLC, was created about the same time to own and hold the real
property where CHC would operate the Spa Resort.

CHC Development Co. and A.H. Coombs, LLC, filed Chapter 11
bankruptcy petitions (Bankr. D. Utah. Case No. 16-25558 and
16-25559) on June 25, 2016.  The petitions were signed by Alan H.
Coombs, president.  

CHC estimated assets at $0 to $50,000 and liabilities at $100,001
to $500,000 at the time of the filing.  A.H. Coombs estimated
assets and debt at $0 to $50,000 at the time of the filing.


ACB RECEIVABLES: Meeting to Form Creditors' Panel Set for Oct. 13
-----------------------------------------------------------------
Andy Vara, Acting United States Trustee for Region 3, will hold an
organizational meeting on Oct. 13, 2016, at 10:00 a.m. in the
bankruptcy case of ACB Receivables Management, Inc.

The meeting will be held at:

         United States Bankruptcy Court
         402 East State Street, Room 129
         Trenton, New Jersey 08608

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.

                   About ACB Receivables Management

ACB Receivables Management, Inc., filed a chapter 11 petition
(Bankr. D.N.J. Case No. 16-27343) on Sept. 9, 2016.  The petition
was signed by Oleg Shnayderman, president.  The Debtor is
represented by David A. Ast, Esq., at David Alan Ast, P.C.  The
case is assigned to Judge Christine M. Gravelle.  The Debtor
estimated assets at $0 to $50,000 and liabilities at $1 million to
$10 million at the time of the filing.

The Debtor is a collection agency.  The Debtor's clients consist
primarily of physicians and medical facilities.


ACCREDITING COUNCIL: Government Halts Accreditation Recognition
---------------------------------------------------------------
Patricia Cohen at The New York Times reports that the U.S.
Department of Education moved last week to shut down the
Accrediting Council for Independent Colleges and Schools -- the
nation's largest accreditor of for-profit colleges -- which had
stood watch as failing institutions like Corinthian Colleges and
ITT Technical Institute teetered on a pileup of fraud
investigations.  

A.C.I.C.S., Ms. Cohen relates, is one of a few dozen different
organizations charged with maintaining standards and quality at the
country's more than 5,400 higher education institutions.  An
accreditor's seal of approval is a prerequisite for colleges'
enrollment of students receiving federal student loans and aid, a
funding stream that is essential for the institutions' survival.

A letter from the Education Department said that A.C.I.C.S. was out
of compliance with regulations in 21 areas.  While it acknowledged
some progress, the letter stated that the group’s "track record
does not inspire confidence that it can address all of the problems
effectively."  A copy of that three-page letter, dated Sept. 22,
2016, is available at https://goo.gl/oNahJj at no charge.

The council has said it plans to appeal the decision.  "We believe
that A.C.I.C.S. has demonstrated that the organization can come
into compliance with the Department of Education's regulations
within one year as required under the department's recognition
criteria," Roger J. Williams, the council's chief executive said.


Founded in 1912, the Accrediting Council for Independent Colleges
and Schools -- http://www.acics.org/-- was incorporated in
Virginia in 1993, is based in Washington, D.C., and is exempt from
federal income taxes under Section 501(c)(3) of the Invernal
Revenue Code.  The Council's balance sheet dated June 30, 2015,
audited by Counsilor, Buchannan & Mitchell, P.C., shows $18.8
million in assets and $1.8 million in liabilities.  


ADAMIS PHARMACEUTICALS: Files Pro Forma Statement of Operations
---------------------------------------------------------------
As previously disclosed in a current report on Form 8-K filed by
Adamis Pharmaceuticals Corporation with the Securities and Exchange
Commission, on April 12, 2016, the Company completed its
acquisition of U.S. Compounding, Inc., an Arkansas corporation,
pursuant to the terms of the Agreement and Plan of Merger dated as
of March 28, 2016.  Pursuant to the terms of the Merger Agreement,
all of the outstanding shares of common stock of USC were converted
into the right to receive a total of approximately 1,618,539 shares
of Adamis common stock.  In connection with the Company's
acquisition of USC and the transactions contemplated by the Merger
Agreement, the Company assumed approximately $5,722,000 principal
amount of debt obligations under certain loan agreements and
related agreements and documents of USC and certain related
entities and agreed to become an additional co-borrower under such
loan documents.

On June 27, 2016, the Company filed a Report on Form 8-K/A with the
SEC, to provide historical financial statements for USC for the
years ended Dec. 31, 2015 and 2014, and certain unaudited pro forma
financial information.  On July 29, 2016, the Company filed a
Report on Form 8-K with the SEC to provide unaudited historical
financial statements for USC as of and for the three months ended
March 31, 2016, and related unaudited pro forma financial
information.

On Sept. 23, 2016, the Company filed with the SEC a current report
to provide an unaudited pro forma combined condensed consolidated
statement of operations, and related explanatory notes, for the
period ended June 30, 2016, a copy of which is available for free
at https://is.gd/bjfVym

                          About Adamis

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

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

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


AEROPOSTALE INC: Court Extends Exclusivity Thru Oct. 31
-------------------------------------------------------
BankruptcyData.com reported that the U.S. Bankruptcy Court approved
Aeropostale's motion to extend the exclusive period during which
the Company can file a Chapter 11 plan and solicit acceptances
thereof through and including Oct. 31, 2016 and Dec. 31, 2016,
respectively.  As previously reported, "The Debtors require
additional time to complete the Sale Transaction ... and to proceed
to confirmation of a plan that will resolve these chapter 11 cases.
The Debtors request an extension of the Exclusive Filing Period in
order to preserve their exclusive right to modify the Plan as a
result of recent developments and further negotiations that are
likely to ensue.  The Debtors also request an extension of the
Exclusive Solicitation Period ... to the extent that the Debtors
file a new or amended plan, but are unable to solicit votes for
such plan prior to the expiration of the Exclusive Solicitation
Period.  Absent the relief requested herein, the Debtors would face
the prospect of a plan process involving multiple competing plans.
The filing of competing plans at this key stage of the Debtors'
chapter 11 cases would delay and disrupt the plan process and be an
inefficient use of estate resources. No creditor will be prejudiced
by the requested extensions and the Debtors believe that ample
cause exists to grant the relief requested herein."

                       About Aeropostale Inc.

Aeropostale, Inc. (OTC Pink: AROPQ) is a specialty retailer of
casual apparel and accessories, principally serving young women and
men through its Aeropostale(R) and Aeropostale Factory(TM) stores
and website and 4 to 12 year-olds through its P.S. from Aeropostale
stores and website.  The Company provides customers with a focused
selection of high quality fashion and fashion basic merchandise at
compelling values in an exciting and customer friendly store
environment.  Aeropostale maintains control over its proprietary
brands by designing, sourcing, marketing and selling all of its own
merchandise.  As of May 1, 2016 the Company operated 739
Aeropostale(R) stores in 50 states and Puerto Rico, 41 Aeropostale
stores in Canada and 25 P.S. from Aeropostale(R) stores in 12
states.  In addition, pursuant to various licensing agreements, the
Company's licensees currently operate 322 Aeropostale(R) and P.S.
from Aeropostale(R) locations in the Middle East, Asia, Europe, and
Latin America.  Since November 2012, Aeropostale, Inc. has operated
GoJane.com, an online women's fashion footwear and apparel
retailer.

Aeropostale, Inc., and 10 of its affiliates each filed a voluntary
petition under Chapter 11 of the Bankruptcy Code (Bankr. S.D.N.Y.
Lead Case No. 16-11275) on May 4, 2016.  The petitions were signed
by Marc G. Schuback as senior vice president, general counsel and
secretary.

The Debtors listed total assets of $354.38 million and total debts
of $390.02 million as of Jan. 30, 2016.

The Debtors have hired Weil, Gotshal & Manges LLP as counsel; FTI
Consulting, Inc., as restructuring advisor; Stifel, Nicolaus &
Company, Inc., and Miller Buckfire & Company LLC as investment
bankers; RCS Real Estate Advisors as real estate advisors; Prime
Clerk LLC as claims and noticing agent; Stikeman Elliot LLP as
Canadian counsel; and Togut, Segal & Segal LLP as conflicts
counsel.

Judge Sean H. Lane is assigned to the cases.

The U.S. trustee for Region 2 on May 11, 2016, appointed seven
creditors of Aeropostale Inc. to serve on the official committee of
unsecured creditors.  The Committee hired Pachulski Stang Ziehl &
Jones LLP as counsel.


AIX ENERGY: Robert Imel Objects to Approval of Plan Outline
-----------------------------------------------------------
Robert A. Imel, a guarantor under two separate credit agreements,
each dated Dec. 23, 2013, with ViewPoint Bank, filed with the U.S.
Bankruptcy Court for the Northern District of Texas an objection to
Antero Energy Partners, LLC, and AIX Energy, Inc.'s disclosure
statement describing the Debtors' plan of reorganization.

Mr. Imel claims that, among other things:

     a. the Disclosure Statement fails to disclose sufficient
        historical information.  The Disclosure Statement provides

        no information as to the events that led to the bankruptcy

        of the Debtors and the machinations behind the acquisition

        of the Antero and AIX assets.  The Disclosure Statement
        provides no background information on the debtor entities
        at all other than to state that Mr. Imel was a majority
        shareholder of each and the debtor companies "owned
        mineral interests" and "small" or "large percentage
        working interests";

     b. the exculpation and injunction provisions as provided in
        the Disclosure Statement are unlawfully broad giving
        unwarranted protection to ERG, NextEra and Legacy.  Other
        than the obvious fact that ERG and Legacy were able to
        successfully negotiate that provision with the Committee
        and the trustees, there is further no information as to
        why the proposed Liquidating Trust should be indemnifying
        ERG and Legacy in the form of payment of their attorneys
        fees and expenses of both Legacy and ERG from any claims
        the Trust may assert against each of them, nor any
        information as to what those claims might be and why the
        exculpation provisions have a broad expanse as to
        exculpate ERG, NextEra and Legacy;

     c. there is no description as to the trustees' respective
        investigation or due diligence into the claims of Legacy,
        ERG or NextEra, nor any information as to the amount of
        the various claims, both arising from purported
        deficiencies or otherwise, especially given that Legacy
        has no reserve posted on its books for any claimed
        deficiency.  There is no information as to the amount of
        the deficiency claims asserted and the basis for the
        claims;

     d. there is no information as to the constituent members of
        the post-confirmation Liquidating Trust other than a
        wholly insufficient statement that one member would be
        appointed by NextEra and two members would be appointed by

        the Committee.  No information is offered as to why
        NextEra has been delegated this task;

     e. there is no statement as to the underlying valuation
        standards applicable to the "valuations to the assets
        assigned or transferred to the Liquidating Trust," nor who

        may be undertaking the valuations on behalf of the Trust;

     f. the liquidation analysis is insufficient and conclusory,
        and there is no statement as to the basis for eliminating
        claims of insiders; and

     g. there is no stated rationale for substantive
        consolidation.

The Plan, according to Mr. Imel, attempts to litigate issues which
should and are required to be litigated through an adversary
proceeding.  By doing so and or failing to disclose same, the
trustees attempt to enjoin and or defend their actions through the
doctrines of judicial estoppel, collateral estoppel or res judicata
issues relating to the extent, priority or validity of a party in
interest's lien rights.  In addition, the trustees propose to pay
ERG's and Legacy's attorneys fees incurred from the
Liquidating Trust, set up exclusively to pay unsecured claims -- an
unheard of machination which amply demonstrates ERG's and Legacy's
overreaching.  Rule 7001 is clear that an adversary
proceeding is the sole method through which the extent, validity
and priority of liens may be adjudicated.

Mr. Imel says that the Plan fails to state who will be members of
the Liquidating Trust; all that is offered is that the Trust will
be comprised of who members selected by the Committee of Unsecured
Creditors and one member who will be selected by NextEra.  Plainly,
that description is insufficient.

Mr. Imel is represented by:

     William L. Siegel, Esq.
     Stephen C. Stapleton, Esq.
     COWLES & THOMPSON, P.C.
     901 Main Street, Suite 3900
     Dallas, Texas 75202
     Tel: (214) 672-2000
     Fax: (214) 672-2020
     E-mail: bsiegel@cowlesthompson.com

                        About AIX Energy

AIX Energy, Inc., is an oil and gas exploration and production
company.  AIX's business includes drilling oil and gas wells and
selling the petroleum products that result from such drilling
activities.  As such, AIX acquires and holds drilling and
production rights over various tracts of land located in Louisiana
through a number of oil, gas and mineral leases.

AIX Energy sought Chapter 11 bankruptcy protection (Bankr. N.D.
Tex. Case No. 15-34245) on Oct. 22, 2015.  The petition was signed
by Robert A. Imel, president.

The AIX case was originally assigned to Judge Barbara J. Houser,
but was transferred to Judge Stacey G.C. Jernigan, who oversees
the bankruptcy case of Antero Energy Partners.

AIX tapped The Harvey Law Firm, P.C., as counsel when it filed for
bankruptcy.  The Debtor won approval to engage Orenstein Law
Group, P.C., as special counsel.

The Official Committee of Unsecured Creditors won approval to
retain Michael S. Haynes and the firm Gardere Wynne Sewell LLP as
counsel.

                            *     *      *

The Sec. 341(a) meeting of creditors was held Nov. 19, 2015, which
was continued to Jan. 5, 2016.

AIX on Feb. 12, 2016, filed a motion to extend by 90 days its
exclusive period to propose a Chapter 11 plan by May 19, 2016, and
its exclusive period to solicit acceptances of that that plan by
Aug. 19, 2016.  No order was entered.

Instead, the Court on March 23 entered an order directing the
appointment of a Chapter 11 trustee in AIX's case.

On March 14, 2016, Judge Houser held a hearing on the motion for
joint administration of the Chapter 11 cases of AIX and Antero.
At the conclusion of the hearing, the Court determined not to order
the joint administration of the cases and further determined to
transfer the AIX case to Judge Jernigan.

On March 18, 2016, the Official Committee of Unsecured Creditors
and LegacyTexas Bank entered a stipulation extending the
Investigation Period as defined in  Final DIP the Order with
respect to the Committee is extended through and including April
21, 2016.


ALEXANDER TORRES: Hearing on Disclosures To Be Held on Oct. 7
-------------------------------------------------------------
The Hon. Paul G. Hyman, Jr., of the U.S. Bankruptcy Court for the
Southern District of Florida has scheduled for Oct. 7, 2016, at
10:00 a.m. the hearing to consider Alexander Torres' disclosure
statement describing the Debtor's Chapter 11 plan.

The Debtor filed the Disclosure Statement and Plan on Aug. 22,
2016.

Objections to the Disclosure Statement must be filed by Sept. 30,
2016.

Alexander Torres filed for Chapter 11 bankruptcy protection (Bankr.
S.D. Fla. Case No. 15-28924) on Oct. 26, 2015.

The Debtor is represented by:

     Craig I. Kelley, Esq.
     KELLEY & FULTON, P.L.
     1665 Palm Beach Lakes Boulevard
     Suite 1000
     West Palm Beach, FL 33401
     Tel: (561) 491-1200
     Fax: (561) 684-3773
     E-mail: craig@kelleylawoffice.com


ALLIED BANK: Today's Bank Assumes Deposits, FDIC Named as Receiver
------------------------------------------------------------------
Allied Bank, Mulberry, Arkansas, was closed Friday, Sept. 23, 2016,
by the Arkansas State Banking Department, which appointed the
Federal Deposit Insurance Corporation (FDIC) as receiver. To
protect the depositors, the FDIC entered into a purchase and
assumption agreement with Today's Bank, Huntsville, Arkansas, to
assume all of the deposits of Allied Bank.

The five branches of Allied Bank will reopen as branches of Today's
Bank during its normal business hours. Depositors of Allied Bank
will automatically become depositors of Today's Bank. Deposits will
continue to be insured by the FDIC, so there is no need for
customers to change their banking relationship in order to retain
their deposit insurance coverage up to applicable limits. Customers
of Allied Bank should continue to use their existing branch until
they receive notice from Today's Bank that it has completed systems
changes to allow other Today's Bank branches to process their
accounts as well.

Friday evening and over the weekend, depositors of Allied Bank can
access their money by writing checks or using ATM or debit cards.
Checks drawn on the bank will continue to be processed. Loan
customers should continue to make their payments as usual.

As of June 30, 2016, Allied Bank had approximately $66.3 million in
total assets and $64.7 million in total deposits. In addition to
assuming all of the deposits of the failed bank, Today's Bank
agreed to purchase essentially all of the failed bank's assets.

Customers with questions about the transaction should call the FDIC
toll-free at 1-800-894-7035. The phone number will be operational
this evening until 9:00 p.m., Central Time (CT); on Saturday from
9:00 a.m. to 6:00 p.m., CT; on Sunday from noon to 6:00 p.m., CT;
and thereafter from 9:00 a.m. to 5:00 p.m., CT. Interested parties
also can visit the FDIC's Web site
at https://www.fdic.gov/bank/individual/failed/alliedbank.html.

The FDIC estimates that the cost to the Deposit Insurance Fund
(DIF) will be $6.9 million. Compared to other alternatives, Today's
Bank's acquisition was the least costly resolution for the FDIC's
DIF. Allied Bank is the fifth FDIC-insured institution to fail in
the nation this year and the first in Arkansas. The last
FDIC-insured institution closed in the state was First Southern
Bank, Batesville, Arkansas, on December 17, 2010.

Congress created the Federal Deposit Insurance Corporation in 1933
to restore public confidence in the nation's banking system. The
FDIC insures deposits at the nation's banks and savings
associations, 6,058 as of June 30, 2016. It promotes the safety and
soundness of these institutions by identifying, monitoring and
addressing risks to which they are exposed. The FDIC receives no
federal tax dollars—insured financial institutions fund its
operations.


AOG ENTERTAINMENT: Court Approves Bankruptcy Plan
-------------------------------------------------
Tiffany Kary, writing for Bloomberg News, reported that the
producer of "American Idol" won court approval to shed hundreds of
millions of dollars of debt, and cleared a path toward working with
Simon Fuller, the creator of the franchise, after it exits
bankruptcy.

According to the report, Core Entertainment won approval of a plan
on Sept. 22, 2016, that includes a settlement with a committee of
creditors and the cancellation of equity that had been owned by
Apollo Global Management LLC and Twenty-First Century Fox Inc.

U.S. Bankruptcy Judge Stuart Bernstein in Manhattan court approved
the plan, after hearing that most creditors had voted in favor, and
all written objections had been resolved before the hearing,
including one from Fuller, the report related.

As previously reported by the Troubled Company Reporter, the plan
proposes to restructure the companies' debts under a $200 million
loan agreement with first lien lenders, and a $160 million loan
deal with second lien lenders.

First lien lenders will receive, among other things, their pro
rata
share of the issuance of obligations under a new term loan
facility, a cash distribution and interests in a litigation trust.

Meanwhile, second lien lenders will receive their pro rata share
of
interests in the litigation trust and their allocated share of the
new second lien warrants.  

Under the plan, general unsecured creditors will receive their pro
rata share of interests in the litigation trust, and a cash
distribution of $2.375 million on account of their claims.

Cash payments under the plan will be funded from the companies'
cash on hand as of and after the effective date of the plan,
according to latest disclosure statement explaining the
restructuring plan.

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

Lawyers for the company told Judge Bernstein in court that Apollo
had voted to reject the plan, the report further related.  The
private-equity firm held equity in the company, split 50-50 with
Twenty First Century Fox, under a 2014 joint venture, the report
said.  Court records show that Apollo Global Securities LLC, was an
unsecured creditor with $1.7 million in claims, the report added.

                   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.


APPLIED MINERALS: Registers 55.1 Million Shares for Resale
----------------------------------------------------------
Applied Minerals, Inc. filed with the Securities and Exchange
Commission a Form S-1 registration statement to register 55.06
million shares of common stock by Samlyn Offshore Master Fund Ltd.,
IBS Turnaround Fund QP (A Limited Partnership), Fimatec Ltd., et
al., from time to time, of the following:

   * Up to 30,183,622 shares of Common Stock, issuable on
     conversion of certain 10% PIK-Election Convertible Notes due
     2018 of which $7,188,300 of principal amount is owned by
     Samlyn Offshore Master Fund, Ltd., $3,836,700 of principal
     amount is owned by Samlyn Onshore Fund, L.P., $888,615 of
     principal amount is owned by The IBS Turnaround Fund, L.P.,
     $1,867,635 of principal amount is owned by The IBS Turnaround
     Fund (QP) (A Limited Partnership) and $584,656 of principal
     amount is owned by The IBS Opportunity Fund, Ltd.  At the
     Company's election, interest may be paid in cash or in Series
     A Notes (payment in the form of Notes is referred to as
     payment-in-kind or "PIK").  As of Sept. 22, 2016, 15,699,157
     shares are issuable on conversion of the Series A Notes that
     were issued on Nov. 3, 2014 (the date of the initial issuance
     of Series A Notes) and 2,474,580 shares are issuable on
     conversion of Series A Notes that have been issued as
     interest.  If the Company issues additional Series A Notes in
     payment of interest and/or penalties, the number of shares
     that may be sold pursuant to this Prospectus will increase.
     If the Company makes all the interest payments by issuing
     additional Series A Notes and all the Series A Notes remain
     outstanding until maturity, the additional shares issuable on
     conversion of the Series A Notes could increase the number of

     shares issuable on conversion of the Notes by 12,009,885
     shares.  This number is based on the current conversion rate
     of $0.83 and assumes that, per the terms of the Notes, the
     conversion price is decreased by $0.10 after Nov. 1, 2018,
     the interest is decreased to 1% after Nov. 1, 2019, and the
     maturity date of the Notes is extended to Aug. 1, 2023.  
     Given the Company's current financial position, it is
     anticipated that for the foreseeable future, the Company will

     likely pay interest using Series A Notes issued as payment-
     in-kind interest.  The shares of Common Stock that may be
     issued on conversion of the Series A Notes are referred to as

     the "Shares."
    
   * 20,933,339 outstanding shares of Common Stock of which
     10,933,339 were issued as part of the sale by the Company of
     10,933,333 units on June 24, 2016, 6,150,000 are owned by
     Samlyn Offshore Master Fund, Ltd. and 3,850,000 are owned by
     Samlyn Onshore Fund, L.P.
    
   * 666,391 shares of Common Stock issued as Liquidated Damages
     pursuant to Section 2c of the Registration Statement
     Agreement for the Series A Notes.  Of these shares 333,443
     are owned by Samlyn Offshore Master Fund, Ltd., 177,973 are
     owned by Samlyn Onshore Fund, L.P., 41,220 are owned by The
     IBS Turnaround Fund, L.P., 86,634 are owned by The IBS
     Turnaround Fund (QP) (A Limited Partnership) and 27,121 are
     owned by The IBS Opportunity Fund, Ltd.
   
   * 3,283,283 shares of Common Stock issuable on the exercise of
     warrants.

The Selling Stockholders may sell all or any portion of their
Common Stock in one or more transactions on any stock exchange,
market or trading facility on which the shares are traded or in
private, negotiated transactions.  Each Selling Stockholder will
determine the prices at which the Selling Stockholder's securities
will be sold.  Although the Company will incur expenses in
connection with the registration of the shares of Common Stock
offered under this prospectus, the Company will not receive any
proceeds from the sale of the shares of Common Stock by the Selling
Stockholders.  The Company will, however, receive the exercise
price of $0.25 per share for each share issued upon exercise of the
Warrants.  If all Warrants are exercised, the Company will receive
$820,821.

The Company's Common Stock is quoted on the OTCQB under the symbol
"AMNL."  On Sept. 16, 2016, the closing bid quotation of the
Company's Common Stock was $0.14.  

A full-text copy of the Form S-1 prospectus is available at:

                     https://is.gd/STGW9B

                    About Applied Minerals

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

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

As of June 30, 2016, the Company had $7.75 million in total assets,
$25.1 million in total liabilities and a total stockholders'
deficit of $17.3 million.


AUTOMART INC: Wants Hearing on Disclosures To Be Held on Oct. 11
----------------------------------------------------------------
The Automart, Inc., filed with the U.S. Bankruptcy Court for the
Central District of California a motion for entry of court order
approving the Debtor's disclosure statement which describes the
Debtor's plan of reorganization.

The hearing to consider the adequacy of the Disclosure Statement is
scheduled for Oct. 11, 2016, at 10:00 a.m.

The Proponent requests that this Court enter a court order (a)
approving the Disclosure Statement; (b) approving the voting
procedures as proposed; (c) approving the form of ballot; (d)
establishing the relevant deadlines and dates requested herein; and
(e) granting other and further relief as may be just and proper.

                      About The Automart, Inc.

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

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


AVITA ARTESIAN: Unsecureds To Get Paid in Full on Effective Date
----------------------------------------------------------------
Avita Artesian Water, LLC, filed with the U.S. Bankruptcy Court for
the Eastern District of Michigan a combined plan and disclosure
statement.

Class 2 Unsecured Debt totaling $23,434.51 will be paid in full on
the Effective Date of the Plan.

This Plan provides for the sale of 90% of the membership interest
of the Debtor to Avita Beverage Company, Inc., and continued future
operations of the Debtor.

The Plan will be funded by a payment or payments made by ABC made
according to the Purchase Agreement, in which ABC agrees to pay all
amounts due in a confirmed plan, in exchange for 90% of the shares
of Avita.

The Combined Plan and Disclosure Statement is available for free at
http://bankrupt.com/misc/mieb16-20920-31.pdf

Avita Artesian Water, LLC, dba Avita Water, LLC, dba Avita Water,
dba Avita, is a Michigan limited liability company organized Sept.
24, 2003, and has operated at its business located at 2445 Godfroy,
Roscommon, Michigan 48653.  The Debtor is in the business of
bottling, distributing, and selling high quality bottled water
intended for human consumption. Avita Artesian Water, LLC is a
single-member limited liability company.

The Debtor filed for Chapter 11 bankruptcy protection (Bankr. E.D.
Mich. Case No. 12-21190) on April 9, 2012.  Donald C. Darnell,
Esq., serves as the Debtor's bankruptcy counsel.


B&G FOODS: ACH Biz Acquisition No Impact on Moody's B1 CFR
----------------------------------------------------------
Moody's said that B&G Foods, Inc.'s (BGS) planned acquisition of
the spices and seasonings business of ACH Food Companies, Inc.
(ACH) is a credit positive, but it does not affect the company's B1
Corporate Family Rating (CFR) or stable rating outlook.

B&G Foods ("B&G", NYSE: BGS) based in Parsippany, New Jersey, is a
publicly traded manufacturer and distributor of a diverse portfolio
of largely branded, shelf-stable food products, many of which have
leading regional or national market shares in niche categories. The
company also competes in the frozen arena following the 2015
acquisition of the Green Giant brand and maintains a small presence
in household products. BGS's brands include Cream of Wheat, Ortega,
Green Giant, Maple Grove Farms of Vermont, Polaner, B&M, Las
Palmas, Mrs. Dash, Pirate Brands and Bloch & Guggenheimer, among
others. BGS sells to a diversified customer base including grocery
stores, mass merchants, wholesalers, clubs, dollar stores, drug
stores, the military and other food service providers. Pro forma
for the ACH and Green Giant acquisitions, BGS generated net sales
for the twelve months ended July 2, 2016 in excess of $1.6 billion.


BAHIA SALINAS: Voluntary Chapter 11 Case Summary
------------------------------------------------
Debtor: Bahia Salinas Beach Hotel
        El Faro Ward
        Road 301 KM 11.5
        Cabo Rojo, PR 00622

Case No.: 16-07573

Chapter 11 Petition Date: September 22, 2016

Court: United States Bankruptcy Court
       District of Puerto Rico (Ponce)

Debtor's Counsel: Maria Soledad Lozada, Esq.
                  LOZADA LAW & ASSOCIATES
                  PO Box 9023888
                  San Juan, PR 00902
                  Tel: 787 533 1400
                  E-mail: msl@lozadalaw.com

Estimated Assets: $500,000 to $1 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Angel Lopez Nunci, president.

The Debtor listed Banco de Desarrollo Economico as its largest
unsecured creditor holding a claim of $2.30 million.

A full-text copy of the petition is available for free at:
  
           http://bankrupt.com/misc/prb16-07573.pdf


BANK OF COMMERCE: Case Summary & 4 Unsecured Creditors
------------------------------------------------------
Debtor: Bank of Commerce Holdings, Inc.
        1858 Ringling Road
        Sarasota, FL 34236

Case No.: 16-08197

Chapter 11 Petition Date: September 22, 2016

Court: United States Bankruptcy Court
       Middle District of Florida (Tampa)

Debtor's Counsel: Daniel F Blanks, Esq.
                  NELSON MULLINS RILEY & SCARBOROUGH, LLP
                  50 North Laura Street, Suite 4100
                  Jacksonville, FL 32202
                  Tel: 904-665-3656
                  Fax: 904-665-3641
                  E-mail: daniel.blanks@nelsonmullins.com

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

Estimated Liabilities: $10 million to $50 million

The petition was signed by Charles O. Murphy, president.

A copy of the Debtor's list of four unsecured creditors is
available for free at http://bankrupt.com/misc/flmb16-08197.pdf


BANK OF COMMERCE: Files for Bankruptcy Protection
-------------------------------------------------
BankruptcyData.com reported that Bank of Commerce Holdings (BOCH)
filed for Chapter 11 protection with the U.S. Bankruptcy Court in
the Middle District of Florida, case number 16-08197. The Company,
which is a bank holding company whose principal, direct activity
consists of owning the Bank of Commerce (the Bank), is represented
by Daniel F. Blanks of Nelson Mullins Riley & Scarborough.
Commenting on the bankruptcy, the Bank's founding president and
C.E.O., Charlie Murphy, notes, "We've gone through, over seven
years, every possible option to prevent this.  We couldn't earn our
way out of this. We didn't have the capital to do it, which would
have allowed us to grow and earn back what we needed to."
According to documents filed with the Court, "BOCH commenced this
case in accordance with the requirements of a written Acquisition
Agreement (the 'Agreement'),which will permit the sale of the
Debtor's stock in the Bank, the compromise of subordinated debt at
the Bank level, and the injection of new capital into the Bank in
an amount sufficient to comply with an existing regulatory order."


BEAZER HOMES: Closes Offering of $400M Senior Unsecured Notes
-------------------------------------------------------------
Beazer Homes USA, Inc., announced the completion of its offering of
$400 million aggregate principal amount of 8.750% Senior Notes due
2022.  The Notes were offered in a private offering that was exempt
from the registration requirements of the Securities Act of 1933.

The net proceeds of the offering will be used to retire the
Company's outstanding 6.625% Senior Secured Notes due 2018 and a
portion of its 9.125% Senior Notes due 2019.

Interest on the Notes is payable semi-annually in cash in arrears
on March 15 and September 15 of each year, commencing March 15,
2017.  The Notes will mature on March 15, 2022.

The Notes were issued under an Indenture, dated Sept. 21, 2016,
among the Company, the Guarantors and U.S. Bank National
Association, as trustee.  The Indenture contains covenants which,
subject to certain exceptions, limit the ability of the Company and
its restricted subsidiaries to, among other things, incur
additional indebtedness or issue certain preferred shares, create
liens on assets to secure indebtedness, pay dividends or make other
equity distributions, purchase or redeem capital stock, make
certain investments and consolidate or merge.  The Indenture
contains customary events of default.  Upon the occurrence of an
event of default, payments on the Notes may be accelerated and
become immediately due and payable.

Upon a change of control, the Indenture requires the Company to
make an offer to repurchase the Notes at 101% of their principal
amount, plus accrued and unpaid interest.

                     About Beazer Homes USA

Headquartered in Atlanta, Beazer Homes is a geographically
diversified homebuilder with active operations in 13 states within
three geographic regions in the United States.  The Company's homes
meet or exceed the benchmark for energy-efficient home construction
as established by ENERGY STAR and are designed with Choice Plans to
meet the personal preferences and lifestyles of its buyers.  In
addition, the Company is committed to providing a range of
preferred lender choices to facilitate transparent competition
between lenders and enhanced customer service.  The Company's
active operations are in the following states: Arizona, California
Delaware, Florida, Georgia, Indiana, Maryland, Nevada, North
Carolina, South Carolina, Tennessee, Texas and Virginia. Beazer
Homes is listed on the New York Stock Exchange under the ticker
symbol "BZH."

As of June 30, 2016, the Company had $2.31 billion in total assets,
$1.67 billion in total liabilities and $641 million in total
stockholders' equity.

                          *     *     *

Beazer carries a 'B-' issuer credit rating, with "negative"
outlook, from Standard & Poor's.

In June 2015, Moody's Investors Service upgraded Beazer Homes USA,
Inc.'s Corporate Family Rating to B3 from Caa1 and its Probability
of Default Rating to B3-PD from Caa1-PD.

As reported by the TCR on Sept. 4, 2015, Fitch Ratings had affirmed
the ratings of Beazer Homes USA, Inc. (NYSE: BZH), including the
company's Issuer Default Rating (IDR), at 'B-'.  Beazer's 'B-' IDR
reflects the company's execution of its business model in the
current moderately recovering housing environment, land policies,
and geographic diversity.


BENZIE LEASING: Seeks Cash Collateral Use Extension
---------------------------------------------------
Benzie Leasing, LLC., asks the U.S. Bankruptcy Court for the
Western District of Michigan for authorization to use cash
collateral pursuant to its Stipulation with Honor Bank and the
Office of the U.S. Trustee.

Absent an extension, the Debtor's use of cash collateral would have
expired on September 16, 2016, pursuant to the Stipulation entered
by the Parties on June 13, 2016.

The Debtor tells the Court that the Parties have consented to
increase the Adequate Protection payment to Honor Bank from $4,578
per month to $6,563.63 per month, and to extend use of cash
collateral for a period of 90 days from entry of the Order
approving the Stipulation.

The Debtor’s principal managing member, David A. Wolfe, expressed
his intention to file his 2015 Federal Income Tax return on or
before October 15, 2016, and will transmit a copy of the return to
the Honor Bank's counsel.

A full-text copy of the Second Stipulation dated September 15, 2016
is available at http://tinyurl.com/j9xdo37


                          About Benzie Leasing

Benzie Leasing, LLC -- dba Xpress Lube of Benzonia, Bay Auto Wash
and Benzie Wash -- filed a chapter 11 petition (Bankr. W.D. Mich.
Case No. 16-00348) on Jan. 28, 2016.  The petition was signed by
David A. Wolfe, sole member and manager.  The Debtor is represented
by Michael P. Corcoran, Esq., at Corcoran Law Office.  The case is
assigned to Judge James W. Boyd.  The Debtor disclosed $817,220 in
assets and debt totaling $1.27 million at the time of the filing.


BETHEL CATHEDRAL: Hearing on Disclosures Scheduled For Oct. 5
-------------------------------------------------------------
The Hon. Jason D. Woodard of the U.S. Bankruptcy Court for the
Northern District of Mississippi will hold a hearing on Oct. 5,
2016, at 9:30 a.m. to consider the adequacy of Bethel Cathedral of
Faith Word Center International's disclosure statement describing
the Debtor's plan of reorganization.

Objections to the approval of the Disclosure Statement must be
filed by Oct. 3, 2016.

Headquartered in Grenada, Mississippi, Bethel Cathedral of Faith
Word Center International filed for Chapter 11 bankruptcy
protection (Bankr. N.D. Miss. Case No. 15-13086) on Sept. 2, 2015,
listing $1.14 million in total assets and $528,000 in total
liabilities.  The petition was signed by Alex M Turner, chief
executive officer.

Judge Jason D. Woodard presides over the case.

Robert Gambrell, Esq., at Gambrell & Associates, PLLC, serves as
the Debtor's bankruptcy counsel.


BINDER MACHINERY: Meeting to Form Creditors' Panel Set for Oct. 6
-----------------------------------------------------------------
Andy Vara, Acting United States Trustee for Region 3, will hold an
organizational meeting on Oct. 6, 2016, at 2:00 p.m. in the
bankruptcy case of Binder Machinery Co., LLC, et al.

The meeting will be held at:

         United States Bankruptcy Court
         402 East State Street, Room 129
         Trenton, New Jersey 08608

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.

Headquartered in South Plainfield, New Jersey, Binder is a seller
of heavy construction machinery including aggregate equipment,
paving machines, cranes, telehandlers and purpose-built material
handlers.  Komatsu, Wirtgen, Hamm, Vogele, Sennebogen, SANY,
Kinshofer, and Chicago Pneumatic are among the manufacturers for
whom Binder and Rocbin Investment Corp., its subsidiary, provide
distributor services.

Binder Machinery Co, LLC, together with four affiliates, filed
Chapter 11 petitions (Bankr. D.N.J. Case Nos. 16-28015, 16-28020,
16-28024 to 16-28026, and 16-28028) on September 20, 2016.  In its
petition, Binder Machinery estimated $10 million to $50 million in
both assets and liabilities.  The petition was signed by Robert C.
Binder, manager, chief executive officer.

The Hon. Kathryn C. Ferguson presides over the cases.  Anne Marie
Aaronson, Esq., and Catherine G. Pappas, Esq., at Dilworth Paxson
LLP, serve as counsel to the Debtors.


BLAIR OIL: Trustee Seeks Approval of Settlement Agreement
---------------------------------------------------------
Blair Oil Investments, LLC ("BOI"), by Jeffrey A. Weinman, Chapter
7 Trustee of the bankruptcy estate of Peter H. Blair, asks the U.S.
Bankruptcy Court for the District of Colorado to approve the
Settlement Agreement between the estate Todd A. Searles regarding
the Debtor's Motion to Reject Residential Real Property Lease and
Purchase Option, and authorize the sale of real property in Denver
County, Colorado, commonly known as 33 North Pennsylvania Street,
Unit B, Denver, Colorado, including an adjacent parking garage
space 33B ("Property") outside the ordinary course of business to
Mr. Searles for $10,000.

BOI also owns certain personal property located at the Property,
including appliances and miscellaneous household goods.

The Debtor intends to sell the Property in order to liquidate the
asset for the benefit of the creditors in its bankruptcy case.

Pre-petition, on Dec. 2, 2103, the Debtor entered into a
Residential Lease with Option to Purchase Agreement ("Lease") with
Mr. Searles.  The term of the Lease runs through Dec. 31, 2017
unless otherwise agreed or terminated.  Under the terms of the
Lease, Mr. Searles had an option to purchase the Property. The
Lease contains other covenants and conditions.

A dispute arose between BOI and Mr. Searles concerning the
short-term rental of the Property and whether such rental was a
breach of the Lease. The Debtor asserts that it terminated the
Lease. Mr. Searles disputes a default occurred and that there has
been a termination of the Lease.

The Debtor has filed a Motion to Reject the Lease along with the
Purchase Option, with the Bankruptcy Court.  Mr. Searles opposes
the Motion.

The Court has set a final evidentiary hearing on the Motion and Mr.
Searles' Objection for Sept. 29, 2016.

The Debtor intends to sell the Property in order to liquidate the
asset for the benefit of the creditors in its bankruptcy case.

To avoid the costs, delays, and uncertainty of litigation, BOI and
Mr. Searles have entered into a Settlement Agreement to resolve
their disputes.

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

       http://bankrupt.com/misc/Blair_Oil_137_Sales.pdf

Under the terms of the Settlement Agreement, the parties have
agreed, among other things, to these terms and conditions:

   a. Mr. Searles' Obligation: Upon the entry of an Order approving
the Agreement, Mr. Searles agrees as follows:

       i. Mr. Searles will vacate the Property the earlier of the
following: (1) No later than 5 days prior to the Debtor's closing
of a sale of the Property; or, (2) 14 days after a final order
approving the Settlement Agreement has entered in the Debtor's
case.

      ii. Mr. Searles will leave the Property in broom clean
condition, normal wear and tear excepted.

     iii. Mr. Searles will continue to pay rent to the Debtor per
the terms of the Lease until he vacates the Property.

      iv. Mr. Searles will leave all personal property of the
Debtor at the Property when he vacates the Property, including
appliances which are described in the Agreement.

       v. Mr. Searles consents to the rejection of the Lease and
the Purchase Option by the Debtor.

      vi. Mr. Searles acknowledges that he did not file any claim
in the Debtor's bankruptcy case prior to the Bar Date and therefore
to the extent he had any claims against the Debtor, such claims are
now barred. Mr. Searles further agrees that he shall not file or
assert any claim against the Debtor and the bankruptcy estate
arising out of and/or relating to the rejection and termination of
the Lease and Purchase Option, from his occupancy of the Property,
and any work to the Property.

   b. Debtor's Obligation: Upon the entry of an Order approving the
Agreement, the Debtor agrees as follows:

       i. Should the Debtor seek to sell the Property prior to the
time period set forth, the Debtor will notify Mr. Searles, through
his counsel, of the closing date for the sale of the Property upon
the filing of a motion to approve the sale with the Bankruptcy
Court.

      ii. Upon the Order approving the Agreement becoming a final
order, the Debtor will pay the sum of$10,000 to Mr. Searles.

     iii. The Debtor will transfer, without recourse, by bill of
sale certain personal property located at the Property described in
the Agreement. For purposes of settlement, the parties value such
items at $1,400. Mr. Searles will be entitled to remove such
personal property when vacates the Property.

      iv. Within 30 days following Mr. Searles vacating the
Property, the Debtor will inspect the Property.  The Debtor will
notify Mr. Searles prior to the inspection.  Mr. Searles will be
entitled to be present at the inspection.  If, after the
inspection, the Debtor reasonably determines that there are repairs
needed to the Property outside of normal wear and tear, the Debtor
will promptly advise Mr. Searles of the repairs needed and the
parties shall work to resolve such issues.  The parties reserve all
rights with respect to any dispute over the necessity of the
repairs and whether Mr. Searles caused such damage.  In the event
repairs are needed, the Debtor will be entitled to retain the
Security Deposit and/or Option Money up the amount necessary to
make such repairs.  Any excess will be delivered to Mr. Searles
once the repairs are completed.

       v. Provided that all issues regarding any repairs are
resolved, within 30 days after Mr. Searles vacates the Property,
the Debtor will return Mr. Searles Security Deposit of $950 and
Option Money of $950.

      vi. Except for the provisions of the Agreement, upon the
entry of an Order rejecting the Lease and Purchase Option said
Lease and Purchase Option will be deemed terminated and of no
further force or effect.

   c. Default: Should any party not make any payment required, they
will be in default of the Agreement.  The defaulting party will
have 7 days after written notice to its counsel, to cure such
default.  Absent a prompt and timely cure, the defaulting party
will be in breach of the Agreement.

               Should Mr. Searles fail to vacate the Property as
required in the Agreement, Mr. Searles will be deemed to have
consented to a Judgment for Possession of the Property, which the
Debtor may seek immediate relief in the appropriate court.

The Debtor believes that the Settlement Agreement with Mr. Searles
is in the best interest of the Estate and creditors.  The Agreement
permits the rejection of the Lease and Purchase Options without any
further claims to the Property or against the estate by Mr.
Searles.  The Debtor may then sell the Property as an available
move-in property. Based upon the Debtor's investigation, the Debtor
believes that the Property will bring a higher price without the
tenancy of Mr. Searles and the related purchase option.  Moreover,
the Property can be sold sooner for the ultimate benefit of
creditors.

Given the de minimus value of the estate's personal property which
will be sold to Mr. Searles, the Debtor asserts that the sale is in
the best interest of creditors as it will avoid the necessary
expense of relocating and selling such property.

The Debtor is not aware of any liens against the personal property
to be sold to Mr. Searles.  To the extent there are any such
claims, the Debtor disputes such claims.

Upon the filing of the Motion, the Debtor and Mr. Searles have
agreed that the hearing scheduled for Sept. 29, 2016 and the
related deadlines for the parties's brief and lists of witnesses
and exhibits, may all be vacated pending approval of the Settlement
Agreement.

Counsel for Todd A. Searles:

          David M. Miller, Esq.
          BERENBAUM WEINSHEINK, PC
          370 17th St., Suite 4800
          Denver, CO 80202
          Telephone: (303) 592-8332
          Facsimile: (303) 629-7610
          E-mail: dmiller@bw-legal.com

                   About Blair Oil Investments

Blair Oil Investments, LLC sought Chapter 11 protection (Bankr. D.
Col. Case No. 15-15009) May 7, 2015.  The Debtor estimated assets
and liabilities in the range of $1 million to $10 million.  The
Debtor tapped Harvey Sender, Esq. at the Sender Wasserman
Wadsworth, P.C. as counsel.

Peter H. Blair filed his voluntary petition for relief under
Chapter 11 of the Bankruptcy Code also on May 7, 2015 (Case Number
15-15008).  On Aug. 20, 2015, Mr. Blair's bankruptcy case was
converted to a case under Chapter 7.  Jeffrey A. Weinman is the
Chapter 7 Trustee for Mr. Blair's bankruptcy estate.  Mr. Blair's
bankruptcy estate is the holder of 100% of the membership of BOI.



BLAIR OIL: Trustee Selling KEJR-V Interests to Heartland for $1K
----------------------------------------------------------------
Blair Oil Investments, LLC ("BOI"), by Jeffrey A. Weinman, Chapter
7 Trustee of the bankruptcy estate of Peter H. Blair, asks the U.S.
Bankruptcy Court for the District of Colorado to authorize the sale
of the Debtor's interests in oil and gas leases with wells and
production equipment, oil and gas fixtures, located in Washington
County, Colorado and personal property located thereon ("KEJR-V
Interests") to Heartland Oil and Gas Co. ("Heartland") for $1,000.

The Trustee is informed and believes that BOI is the owner of a 13%
working interest KEJR-V Interests.

The Debtor has investigated the nature and extent of these KEJR-V
Interests.  The Debtor owns approximately 117 other interests in
other oil and gas interests which the Debtor is not currently
working.  Rather, other owners of interests are working these
wells.  The Debtor receive regular dividends and incurs expenses
for the other interests.

As working oil and gas interests, the Debtor believes that these
KEJR-V Interests carry the potential for a significant risk to the
bankruptcy estate, including potential liability under the
Comprehensive Environmental Response, Compensation, and Liability
Act of 1980.

The Debtor desires to minimize the risks to the bankruptcy estate
and the potential for future liability.  As a result, the Debtor as
determined that it is in the estate's and the creditors' best
interest to sell the KEJR-V Interests.

To that end, the Debtor and Heartland have entered into a Contract
of Sale for the KEJR-V Interests.

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

         http://bankrupt.com/misc/Blair_Oil_133_Sales.pdf

Under the terms of the Contract of Sale, Heartland will purchase
all of the estates' right, title and interest in the KEJR-V
Interests (including all related equipment, fixtures, and personal
property), for the price of $1,000 at closing.  The sale is without
any representations of warranty of title and is "as is, where is".

Heartland is also assuming all liabilities and operating costs
associated with the KEJR-V Interests from and after Aug. 1, 2016.
The sale to Heartland is conditioned on an order from the Court
approving the sale.

To the best of the Debtor's knowledge, there are no persons or
parties who hold a prior properly perfected liens or encumbrances
in the KEJR-V Interests.

The Debtor seeks authority to pay all related closing costs,
including taxes, from the purchase price as part of the sale of the
KEJR-V Interests to Heartland.  Such costs would be an
administrative expense of the Estate subject to priority pursuant
to 11 U.S.C. Section 503(b).

The Debtor also requests that the Court lift the stay provided by
Fed.R.Bankr.P. 6004(h), which automatically stays for 14 days an
order authorizing the use, sale or lease of property other than
cash collateral.

                   About Blair Oil Investments

Blair Oil Investments, LLC sought the Chapter 11 protection (Bankr.
D. Col. Case No. 15-15009) May 7, 2015.  The Debtor estimated
assets and liabilities in the range of $1 million to $10 million.
The Debtor tapped Harvey Sender, Esq. at the Sender Wasserman
Wadsworth, P.C. as counsel.

Peter H. Blair filed his voluntary petition for relief under
Chapter 11 of the Bankruptcy Code also on May 7, 2015 (Case No.
15-15008).  On Aug. 20, 2015, Mr. Blair's bankruptcy case was
converted to a case under Chapter 7.  Jeffrey A. Weinman is the
Chapter 7 Trustee for Mr. Blair's bankruptcy estate.  Mr. Blair's
bankruptcy estate is the holder of 100% of the membership of BOI.



BLAIR OIL: Trustee's Sale of Oil and Gas Interests Approved
-----------------------------------------------------------
Judge Thomas B. McNamara of the U.S. Bankruptcy Court for the
District of Colorado authorized Jeffrey A. Weinman, Trustee for
Blair Oil Investments, LLC, to sell the Debtor's oil and gas
interests located in Osage County, Oklahoma ("Osage Interests")
outside the ordinary course of business to Wellco Energy, Inc., for
$35,000.

The sale if free and clear of all liens, claims and interests.

The Debtor owns 100% working interest in oil and gas leases with
wells and production equipment, oil and gas fixtures and personal
property located thereon.

The Debtor is authorized to pay at closing all customary,
reasonable and necessary costs of sale, such as recording fees,
prorated real property taxes, sale taxes, and other closing costs,
from the gross sale proceeds of the sale of the Osage Interests.

The stay execution on the Order imposed by Fed.R.Bank.P.6004(h) is
lifted.

                   About Blair Oil Investments

Blair Oil Investments, LLC, sought Chapter 11 protection (Bankr.
D. Col. Case No. 15-15009) on May 7, 2015.  The Debtor estimated
assets and liabilities in the range of $1 million to $10 million.
The Debtor tapped Harvey Sender, Esq. at the Sender Wasserman
Wadsworth, P.C. as counsel.

Peter H. Blair filed his voluntary petition for relief under
Chapter 11 of the Bankruptcy Code also on May 7, 2015 (Case No.
15-15008).  On Aug. 20, 2015, Mr. Blair's bankruptcy case was
converted to a case under Chapter 7.  Jeffrey A. Weinman is the
Chapter 7 Trustee for Mr. Blair's bankruptcy estate.  Mr. Blair's
bankruptcy estate is the holder of 100% of the membership of BOI.



BRINKER INT'L: Fitch Assigns 'BB+' Unsecured Notes Rating
---------------------------------------------------------
Fitch Ratings has assigned a 'BBB-/RR2' rating to Brinker
International, Inc.'s (Brinker; NYSE: EAT) new $350 million
guaranteed senior unsecured notes due 2024. Fitch has also upgraded
Brinker's amended and extended upsized credit facility to
'BBB-/RR2' from 'BB+/RR4'. The ratings on the existing $550 million
non-guaranteed unsecured notes were affirmed at 'BB+/RR4'. The
Rating Outlook is Stable.

The upgrade to the credit facility follows the Sept. 13, 2016
amendment which added a guarantee from its Brinker Texas and
Brinker Florida operating subsidiaries. Brinker also increased the
size of the revolver to $1 billion versus $750 million, extended
the maturity date on $890 million of the total to Sept. 12, 2021,
and raised the maximum adjusted leverage covenant, which is based
on 6x rent, to 4.25x from 3.5x. The remaining $110 million (the
non-extended maturity) portion of the credit facility will mature
on March 12, 2020. Brinker also The new unsecured notes are
guaranteed by the same subsidiaries as the amended and extended
credit facility.

Net proceeds from the issuance will be used to repurchase up to
$300 million of the common stock and repay up to $50 million of
outstanding indebtedness under the company's revolving credit
facility.

The assignment of the RRs reflects Fitch's 'Recovery Ratings and
Notching Criteria for Non-Financial Corporates issuers' criteria
dated April 5, 2016, which allows for the assignment of Recovery
Ratings (RRs) for issuers with IDRs in the 'BB' category. The 'RR2'
Recovery Rating on Brinker's guaranteed unsecured debt and credit
facility reflects the seniority of the debt given the guarantees
put in place. The 'RR4' on Brinker's non-guaranteed unsecured debt
reflects Fitch's view that recovery on this debt would be average.

KEY RATING DRIVERS

Brinker's ratings continue to reflect Chili's Bar & Grill's
(Chili's) top 3 market position in U.S. casual dining and healthy
operating cash flow. Brinker has had a strong track record of
positive comp growth, improved profitability, and strong free cash
flow (FCF) through fiscal 2015.

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

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

Pro forma total adjusted debt/EBITDAR is 3.8x compared to 3.3x for
the fiscal year ended June 29, 2016. Fitch projects total adjusted
debt/EBITDAR will approximate 4.0x in fiscal 2017 and fiscal 2018.


KEY ASSUMPTIONS

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

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

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

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

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

      in fiscal 2017.

RATING SENSITIVITIES

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

--Consistently positive comps at Chili's with traffic trends at
least in line with the industry;
--A commitment to maintain total adjusted debt/EBITDAR in the 3.0x
- 3.5x range. This is not anticipated in the near term given the
change in financial policy.

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

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

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

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

LIQUIDITY

At June 29, 2016, Brinker had $31 million of cash and $220 million
of revolver availability. Brinker's nearest upcoming maturity is
the $250 million 2.6% notes due 2018, which Fitch anticipates will
be refinanced.

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

FULL LIST OF RATING ACTIONS

Fitch has taken the following rating actions:

   -- Long-term IDR affirmed at 'BB+';

   -- Amended and extended guaranteed senior unsecured bank credit

      upgraded to 'BBB-/RR2' from 'BB+/RR4';

   -- Guaranteed senior unsecured notes assigned 'BBB-/RR2'
      ratings;

   -- Unguaranteed senior unsecured notes affirmed at 'BB+/RR4'.

The Rating Outlook is Stable.


CAESARS ENTERTAINMENT: Offers to Hike Contributions to CEOC's Plan
------------------------------------------------------------------
Caesars Entertainment Corporation announced that it, along with
affiliates of Apollo Global Management, LLC and TPG Capital, L.P.,
have proposed an enhancement to their contributions to Caesars
Entertainment Operating Company, Inc.'s current restructuring plan.
The proposed increase follows discussions with major creditor
constituencies of CEOC and its Chapter 11 debtor subsidiaries in an
effort to reach a consensual debt restructuring agreement with all
creditor groups in CEOC's restructuring.  Caesars Entertainment
believes this proposal meets the requirements of the holders of
CEOC's second lien notes and is optimistic that such proposal will
be acceptable.

The revised proposal contemplates additional contributions from
Caesars Entertainment and the Sponsors that will result in
approximately $1.6 billion of additional value being distributed to
the second lien noteholders.  These additional contributions, which
will enhance the recovery to the second lien noteholders and
unsecured creditors, have been proposed by Caesars Entertainment
and the Sponsors who are engaged in negotiations with the first
lien bondholders and bank lenders on these points.  This additional
value consists of:

   * An estimated $954 million of Caesars Entertainment equity
     contributed by the Sponsors and an estimated $92 million of
     Caesars Entertainment equity contributed by Caesars
     Entertainment on behalf of non-sponsor only shareholders.  
     The Sponsors' contribution represents more than a 10 to 1
     disproportionate incremental contribution as compared to non-
     sponsor only shareholders.  Taken together, this would result
     in the depletion of all of the sponsor-held equity in Caesars
     Entertainment.  Additionally, assuming the previously
     announced merger of Caesars Entertainment and Caesars
     Acquisition Company is completed, the Sponsors' only
     continuing ownership in Caesars Entertainment would be as a
     result of their ownership in Caesars Acquisition and CEOC
     creditors would control more than 62% of the equity of the
     combined entity.

   * A significant cash contribution in excess of $100 million by
     individual directors and officers through funding by D&O
     insurance; and

   * A small reduction in recovery for the first lien banks and
     bondholders valued in the hundreds of millions of dollars.
     Caesars Entertainment has asked holders of CEOC's first lien
     notes to forgo the excess cash sweep and for the holders of
     CEOC's prepetition credit agreement claims to forgo 2.7% of
     the reorganized company's equity, both of which are provided
     for in the Debtors' current Chapter 11 plan.

The revised proposal expires on Friday, Sept. 23, 2016, at 11:59
p.m. (New York time).  In the event the proposal is not accepted by
the deadline, CEOC has indicated that Caesars Entertainment and the
Sponsors' support for the plan is superceded and unnecessary.

                   About Caesars Entertainment

Caesars Entertainment Corp., formerly Harrah's Entertainment Inc.,
is one of the world's largest casino companies.  Caesars casino
resorts operate under the Caesars, Bally's, Flamingo, Grand
Casinos, Hilton and Paris brand names.  The Company has its
corporate headquarters in Las Vegas.  Harrah's announced its
re-branding to Caesar's in mid-November 2010.

In January 2015, Caesars Entertainment and subsidiary Caesars
Entertainment Operating Company, Inc., announced that holders of
more than 60% of claims in respect of CEOC's 11.25% senior secured
notes due 2017, CEOC's 8.5% senior secured notes due 2020 and
CEOC's 9% senior secured notes due 2020 have signed the Amended
and Restated Restructuring Support and Forbearance Agreement, dated
as of Dec. 31, 2014, among Caesars Entertainment, CEOC and the
Consenting Creditors.  As a result, The RSA became effective
pursuant to its terms as of Jan. 9, 2015.

Appaloosa Investment Limited, et al., owed $41 million on account
of 10% second lien notes in the company, filed an involuntary
Chapter 11 bankruptcy petition against CEOC (Bankr. D. Del. Case
No. 15-10047) on Jan. 12, 2015.  The bondholders are represented
by Robert S. Brady, Esq., at Young, Conaway, Stargatt & Taylor
LLP.

CEOC and 172 other affiliates -- operators of 38 gaming and resort
properties in 14 U.S. states and 5 countries -- filed Chapter 11
bankruptcy petitions (Bank. N.D. Ill.  Lead Case No. 15-01145) on
Jan. 15, 2015.  CEOC disclosed total assets of $12.3 billion and
total debt of $19.8 billion as of Sept. 30, 2014.

Delaware Bankruptcy Judge Kevin Gross entered a ruling that the
bankruptcy proceedings will proceed in the U.S. Bankruptcy Court
for the Northern District of Illinois.

Kirkland & Ellis serves as the Debtors' counsel.  AlixPartners is
the Debtors' restructuring advisors.  Prime Clerk LLC acts as the
Debtors' notice and claims agent.  Judge Benjamin Goldgar presides
over the cases.

The U.S. Trustee has appointed seven noteholders to serve in the
Official Committee of Second Priority Noteholders and nine members
to serve in the Official Unsecured Creditors' Committee.

The U.S. Trustee appointed Richard S. Davis as Chapter 11
examiner.

                         *     *     *

The U.S. Bankruptcy Court for the Northern District of Illinois
approved the adequacy of the disclosure statement explaining the
second amended joint Chapter 11 plan of reorganization of Caesars
Entertainment Operating Company Inc. and its debtor-affiliates.

The Court set Oct. 31, 2016, at 4:00 p.m. (prevailing Central
Time) as last day for any holder of a claim entitle to vote to
accept or reject the Debtors' plan.

A hearing is set for Jan. 17, 2017, at 10:30 a.m. (prevailing
Central Time) in Courtroom No. 642 in the Everett McKinley Dirksen
United States Courthouse, 219 South Dearborn Street, Chicago,
Illinois, to confirm the Debtors' plan.  Objections to
confirmation, if any, are due Oct. 31, 2016, at 4:00 p.m.
(prevailing Central Time).


CALLIS TRANSPORTATION: Disclosure Statement Hearing on Oct. 18
--------------------------------------------------------------
Judge Robert A. Gordon of the U.S. Bankruptcy Court for the
District of Maryland schedules a hearing on October 18, 2016 at
10:00 a.m. to consider the approval of the Disclosure Statement
that was filed in the Chapter 11 case of Callis Transportation and
Warehousing Company.

The Court fixes October 14, 2016 as the last day for filing and
serving written objections to the Disclosure Statement.

Attorney for Plan Sponsor:

          Geri Lyons Chase, Esq.
          Law Office of Geri Lyons Chase
          2007 Tidewater Colony Drive
          Suite 2B
          Annapolis, MD 21401

               About Callis Transportation

Callis Transportation and Warehousing Company filed a Chapter 11
petition (Bankr. D. Md. Case No. 15-23105), on September 21, 2015.
The petition was signed by the Company's President, Brian Callis.
The Debtor is represented by Michael Patrick Coyle, Esq. at The
Coyle Law Group LLC of Columbia, MD.

At the time of filing, the Debtor had $100,000 to $500,000 in
estimated assets and in estimated liabilities.


CALVERY SERVICES: Submits 6-Month Budget for Cash Collateral Use
----------------------------------------------------------------
Calvery Services Corp. asks the U.S. Bankruptcy Court for the
Middle District of Florida for authorization to use cash
collateral.

The Debtor submitted a proposed six-month operational budget
providing for $113,948 in total monthly expenditures.

The Debtor tells the Court that it needs to use Cash Collateral
immediately to fund the operating expenses necessary to continue
the operation of the Debtor's business and to maintain the estate,
to maximize the return on its assets, and to otherwise avoid
irreparable harm and injury to its business and the estate.

The Debtor believes that Knight Capital, LLC, Quarterspot Funding,
Inc., Strategic Funding Source, Inc., and Yellowstone Capital, LLC,
claim perfected and enforceable security interests and liens on,
among other assets, the Debtor’s accounts receivables pursuant.

The Debtor contends that if it is allowed to use the Cash
Collateral, it can operate its business during the Chapter 11 and
successfully reorganize its business.  The Debtor further contends
that the interest of the Secured Creditors will be adequately
protected by the Debtor’s continued operation. The Debtor intends
to provide the Secured Creditors with replacement liens to the same
extent and validity as held by Secured Creditors Pre-Petition.

A full-text copy of the Debtor's Motion, dated September 13, 2016,
is available at https://is.gd/BalPsR.  A full-text copy of the
Debtor's proposed Budget, dated September 13, 2016, is available at
https://is.gd/bJFpLN


                      About Calvery Services

Calvery Services Corp., filed a Chapter 11 bankruptcy petition
(Bankr. M.D. Fla. Case No. 16-07075) on August 17, 2016.  The
petition was signed by William Quinones, president.  The Debtor is
represented by James W. Elliott, Esq., at McIntyre Thanasides
Bringgold Elliott Grimaldi & Guito, P.A.

The Debtor estimated assets at $100,001 to $500,000 and liabilities
at $500,001 to $1 million at the time of the filing.

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


CATASYS INC: Files Copy of Investor Presentation with SEC
---------------------------------------------------------
Catasys, Inc.'s filed with the Securities and Exchange Commission a
copy of its investor presentation for September 2016 which is
available for free at https://is.gd/eU6YAx

                      About Catasys Inc.

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

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

As of June 30, 2016, Catasys had $2.06 million in total assets,
$19.45 million in total liabilities and a total stockholders'
deficit of $17.38 million.

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


CENTRAL BEEF: Disclosures Conditionally OK'd; Hearing on Nov. 10
----------------------------------------------------------------
The Hon. Catherine Peek McEwen of the U.S. Bankruptcy Court for the
Middle District of Florida has conditionally approved Central Beef
Ind., L.L.C.'s disclosure statement describing the Debtor's plan of
reorganization.

The Court will conduct a hearing on confirmation of the Plan,
including timely filed objections to confirmation, objections to
the Disclosure Statement, motions for cramdown, applications for
compensation, and motions for allowance of administrative claims on
Nov. 10, 2016, at 2:00 p.m.  Objections to confirmation must be
filed no later than seven days before the date of the Confirmation
Hearing.

Any written objections to the Disclosure Statement must be filed no
later than seven days prior to the date of the  Confirmation
Hearing.

Parties-in-interest must submit to the Clerk's Office their written
ballot accepting or rejecting the Plan no later than eight days
before the date of the Confirmation Hearing.

The plan proponent must file a ballot tabulation no later than 96
hours prior to the time set for the Confirmation Hearing.

                        About Central Beef

Central Beef Ind., LLC, 5C of Central Florida, LLLP and CBI
Management/Administration, LLC, engaged in the business of
purchasing cattle and beef production, each filed a Chapter 11
bankruptcy petition (Bankr. M.D. Fla. Case Nos. 16-02366, 16-02368
and 16-02370, respectively) on March 21, 2016.  Ida Raye Chernin
signed the petitions as manager.  Stichter, Riedel, Blain &
Poster, P.A., represents the Debtors as counsel.

Judge Catherine Peek McEwen has been assigned the cases.

The Office of the U.S. Trustee disclosed in a court filing that no
official committee of unsecured creditors has been appointed in the
Debtors' cases.


CHARTER SCHOOL: Allowed to Use Cash Collateral Until Oct. 12
------------------------------------------------------------
Judge Roberta A. Colton of the U.S. Bankruptcy Court for the Middle
District of Florida authorized Charter School Development Services,
Inc. and Edu-Pro Management, LLC, to use cash collateral on an
interim basis until Oct. 12, 2016, or until further order of the
Court.

The Debtors were authorized to use cash collateral to pay amounts
expressly authorized by the Court, including payments to the U.S.
Trustee for quarterly fees, the current and necessary expenses set
forth in the approved budget, and such additional amounts as may be
expressly approved in writing by the Debtors' Lender and any other
legitimate creditor.

The Debtor's six-month Budget provides total expenses in the amount
of $37,173.30, for the period beginning on July 2016 through
December 2016.

A further hearing on the Debtor's Motion is scheduled on October
12, 2016 at 10:00 a.m.

A full-text copy of the Order, dated September 15, 2016, is
available at http://tinyurl.com/j8p3oyr


            About Charter School Development Services, Inc.

Charter School Development Services, Inc. filed a Chapter 11
bankruptcy petition (Bankr. M.D. Fla. Case No. 16-04312) on June
29, 2016.  Nardella & Narella PLLC represents the Debtor as
counsel.  In its petition, the Debtor estimated $1 million to $10
million in both assets and liabilities.  The petition was signed by
Vince V. Desai, president.

The Honorable Roberta A. Colton presides over the case.


CHINACODE INC: Lessee Seeks Ch. 11 Trustee Appointment
------------------------------------------------------
John R. Muse, a lessee and creditor of Chinacode, Inc., filed a
motion asking the United States Bankruptcy Court for the Central
District of California to enter an order directing the appointment
of a Chapter 11 Trustee  or, in the alternative, converting the
Chapter 11 case filed by the Debtor, to a case under Chapter 7 of
the Bankruptcy Code.

The Movant sought for the Chapter 11 Trustee so that the Debtor's
estate will have a responsible, disinterested fiduciary who can
negotiate with the Movant to complete the sale of the Property and
otherwise oversee the successful conclusion of the case, the
administration of the Debtor's estate, and the payment of the
claims against the estate.

The Debtor is a California corporation conducting a "single asset
real estate" business, as that term is defined in section 101(51B)
of the Bankruptcy Code.  The Debtor owns and manages the real
property located at 3250-3282 Via Real, in Carpinteria, California,
a rental property that contains a residence.

The Movant is a lessee of the Debtor who entered into a rental
agreement with the Debtor with respect to the Property. The Movant
has remained in possession of the Property upon the suggestion and
oral extension of the Lease Agreement by the Debtor's authorized
real estate agent. The Movant is active in the polo club that owns
polo grounds that are adjacent to the Property. The Movant leased
the Property in connection with his use of the club's adjacent
property. However, when the Movant took possession of the Property,
the Property was not in the condition that had been represented to
the Movant by the Debtor's principal, its president and sole
shareholder, Zhongwei Wang.

The Property is subject to a first-priority lien in favor of Lone
Oak Investors, LLC in the original principal amount of $3,635,000
and is also subject to a second-priority lien in favor of United
Security Investors, III, LLC (USI) as servicing agent for a group
of lenders on a debt in the original principal amount of $875,000.
The Debtor's filing of the chapter 11 case contained a series of
deficiencies with respect to the schedules of assets and
liabilities and statement of financial affairs and other necessary
supporting documents required by the Bankruptcy Code, the
Bankruptcy Rules, and the local Rules of this Court.

In the case, ample cause exists to appoint a chapter 11 trustee or,
alternatively, to convert the Chapter 11 case to one under Chapter
7 of the Bankruptcy Code, Mr. Muse asserts.  Whether there appears
mismanagement or not, the motion noted that the Debtor apparently
suffers a complete lack of management.  The Debtor's president and
sole shareholder is apparently suffering from a serious medical
condition that prevents him from attending court hearings or
attending to the administration of the Debtor's estate, Mr. Muse
saus.  In fact, the Debtor's counsel have been so hindered from
performing their functions in the chapter 11 case that they now
seek to withdraw, Mr. Muse points out.  It also appears that the
Debtor has been somewhat delinquent or deficient in satisfying the
filing obligations imposed by the Bankruptcy Code and by the Local
Rules, he says. Most importantly, it appears that the Debtor has
failed to timely file a chapter 11 plan and disclosure statement,
and there is a factual dispute as to whether the Debtor has
commenced to make the payments required pursuant to section
362(d)(3) of the Bankruptcy Code, resulting in the Stay Relief
Motion being prosecuted by USI, he adds

                 About Chinacode Inc.

Chinacode, Inc., sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. C.D. Cal. Case No. 16-10922) on May 16,
2016.  The petition was signed by Zhongwei Wang, president. The
case is assigned to Judge Peter Carroll.  The Debtor estimated both
assets and liabilities in the range of $1 million to $10 million.
The Debtor is represented by Peter Susi, Esq., at Hollister &
Brace, A Professional Corp.


CHOBANI GLOBAL: Moody's Assigns B3 Corporate Family Rating
----------------------------------------------------------
Moody's Investors Service has assigned a B3 Corporate Family Rating
and Caa1-PD Probability of Default Rating to Chobani Global
Holdings, LLC ("Chobani"). Moody's also assigned Ba3 ratings to
$800 million of first-lien senior secured credit facilities
proposed by the company's principal operating subsidiary, Chobani,
LLC. These consist of a $150 million five-year revolving credit
facility that will be undrawn at closing, and a $650 million
seven-year term loan. Proceeds from the term loan will be used in
part to repay $334 million outstanding under an existing first-lien
revolving credit facility that will be terminated at closing and
$281 million of an existing $907 million six-year second-lien term
loan due 2020. The ratings outlook is stable.

The following ratings were assigned:

Chobani Global Holdings, LLC:

   -- Corporate Family Rating at B3;

   -- Probability of Default Rating at Caa1-PD.

Chobani, LLC:

   -- $150 million senior secured first-lien revolving credit
      facility expiring 2021 at Ba3 (LGD2);

   -- $650 million senior secured first-lien term loan due 2023 at

      Ba3 (LGD2).

   -- The outlook on all ratings is stable.

RATINGS RATIONALE

The B3 Corporate Family Rating reflects Chobani's high financial
leverage, significant exposure to milk input price volatility, and
its high concentration in the U.S. Greek-style yogurt category that
recently has experienced slowed growth and increasing competitive
activity. The rating also reflects high execution risk in Chobani's
rapid pace of new product expansion, which is a key component of
its plan for earnings growth and financial deleveraging. The
ratings are supported by strong equity value of the Chobani brand
that holds a leading position in the $4.5 billion US Greek-style
yogurt category.

Moody's cautions that Chobani is subject to an increasingly
demanding minimum EBITDA covenant under its second-lien credit
agreement that leaves little cushion for underperformance against
plan. This limited financial covenant cushion is reflected in the
Caa1 Probability of Default Rating.

"Moody's expects that Chobani will continue its remarkable earnings
recovery from very serious challenges it faced over the past
several years, including operational problems at its main Idaho
plant and a major product recall," commented Brian Weddington, a
Moody's Senior Credit Officer. "However the sustained double-digit
growth rate required under terms of its remaining second-lien
credit agreement, which was established prior to Chobani's
turnaround, may not be achievable — especially in the US yogurt
category that has slowed recently in term of sales," added
Weddington.

The Ba3 ratings on the first-lien credit facilities are three
notches above the B3 Corporate Family Rating, reflecting secured
creditors' senior position in right of payment ahead of
approximately $626 million of pro forma second-lien debt
instruments (unrated) and around $40 million of unsecured
non-priority payables.

Debt /EBITDA at closing will be approximately 8.0x, which is
consistent with the B3 Corporate Family Rating.

Ratings could be downgraded if Chobani is unable to sustain a
steady pace of EBITDA growth that provides for continued
deleveraging. The ratings could be downgraded also if the company
is unable to improved financial flexibility.

Ratings could be upgraded if Chobani successfully grows its
business, improves its liquidity profile, sustains debt/EBITDA
below 7.0x, and is likely to generate sustained positive free cash
flow.

Chobani Global Holdings, LLC, based in Norwich, New York, is a
manufacturer of Greek-style yogurt under the Chobani and Chobani
"Flip" brands. The company recently launched yogurt-based dips and
drinks products. Domestic sales approximate $1 billion.




CHRISTOPHER RIDGEWAY: Park Place Buying 2 Vehicles for $172K
------------------------------------------------------------
Christopher Martin Ridgeway asks the U.S. Bankruptcy Court for the
Eastern District of Louisiana to authorize the sale of the 2016
Mercedes Benz, S-Class, VIN # WDDUG7JB5GA219374 for $122,000, and
2015 Ford Super Duty F-350 DRW, VIN # 1FT8W3DTXFEB355402012 for
$50,000, to Park Place Mercedes Ft Worth.

The Debtor listed the 2016 Mercedes Benz, S-Class, and 2015 Ford
Super Duty F-350 DRW on Schedule B of his Schedules.  The Debtor's
value of the portion that he owns in the Schedules on the 2016
Mercedes is $75,000 and the value of the entire property is
$150,000 and on the 2015 Ford Super Duty F-350 DRW is $25,000 and
the value of the entire property is $50,000.

The Debtor currently has a mortgage with JP Morgan Chase Bank, N.A.
("Chase") in the approximate amount of $149,207 on the 2016
Mercedes, S-Class, and a mortgage with Ford Motor Credit ("Ford")
in the approximate amount of $17,377 on the 2015 Ford Super Duty
F-350 DRW.

The Debtor has a Bill of Sale of the motor vehicles for the 2016
Mercedes Benz, S-Class, and 2015 Ford Super Duty F-350 DRW, in the
amount of $122,000 and $50,000 respectively from Park Place
Mercedes Ft Worth.

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

      http://bankrupt.com/misc/Christopher_Ridgeway_222_Sales.pdf

The Debtor has determined that approval of the sales is the best
way to maximize the value of the Debtor's estate for the benefit of
all constituencies.  The Debtor has proposed in the Plan filed to
utilize the proceeds from the sale of these motor vehicles for
payment for claims of Chase and Ford, with the excess to other
creditors.

Chase will be paid from the proceeds of the sale of said 2016
Mercedes S-Class, with the balance of approximately $18,000 being
allocated as a Class 11 claim and paid pursuant to the terms and
provisions to the Plan. Ford will be paid in full from proceeds of
the sale of said 2015 Ford Super Duty F-350 DRW, with approximately
$30,000, of the proceeds being deposited into the Escrow Account.

Christopher Martin Ridgeway filed a Chapter 11 bankruptcy petition
(Bankr. E.D. La. Case No. 16-10643) on March 23, 2016, and is
represented by attorneys at Adams and Reese, LLP.


CHURCH HILL: Seeks Authorization to Use $7K Cash Collateral
-----------------------------------------------------------
Church Hill Emergency Medical Services, Inc., asks the U.S.
Bankruptcy Court for the Eastern District of Tennessee to approve
and authorize the sale of an ambulance, and equipment for a total
purchase price of $48,500 free and clear of liens and
encumbrances.

The Debtor further asks the Court to approve and authorize the use
of cash collateral to the extent of $7,281.21 for payment to
Volunteer Collision, Mount Carmel, Tennessee, for certain
pre-petition body work and related repairs to the Vehicle.

The Debtor relates that First Tennessee Bank National Association
consented to such limited use of cash collateral.  

The Debtor also seeks authority to pay pre-petition obligation
utilizing the cash collateral, to the extent that the debt to
Volunteer Collision is a pre-petition obligation.

The Debtor tells the Court that it formerly operated an ambulance
and emergency medical transportation service in the northeastern
portion of Hawkins County, Tennessee until it ceased operations on
Aug. 23, 2016.

The Debtor owes First Tennessee Bank $95,023.23, under Note No. 1
which is secured by certain equipment of the Debtor. Under Note No.
2 First Tennessee Bank was owed $141,042.52, which is secured by
two 2016 Ford Transit II ambulances.

The Debtor contends that through a private bidding process, it has
received a bid from Ambulance Service of Bristol, Inc. to purchase
one of the Ambulances, together with the stretcher bed and cot and
other miscellaneous supplies located therein for a purchase price
of $47,500.  The Debtor further contends that Bristol Ambulance
Service has also offered to purchase from the Debtor 10 Microsoft
Surface Pro Tablet Computers for a purchase price of $100 each for
a total of $1,000.

A copy of the Debtor's Motion, dated September 13, 2016, is
available at https://is.gd/9dwwQQ

              About Church Hill Emergency Medical Services, Inc.

Church Hill Emergency Medical Services, Inc. filed a chapter 11
petition (Bankr. E.D. Tenn. Case No. 16-51275) on August 30, 2016.
The petition was signed by Mark Johnson, director.  The Debtor is
represented by Mark S. Dessauer, Esq., at Hunter, Smith & Davis.
The case is assigned to Marcia Phillips Parsons.  The Debtor
disclosed total assets at $1.46 million and total debts at $840,000
as of August 25, 2016.


CHURCH HILL: Selling Chevrolet Impala and Equinox Eddie's for $13K
------------------------------------------------------------------
Church Hill Emergency Medical Services, Inc., asks the U.S.
Bankruptcy Court for the Eastern District of Tennessee to authorize
the sale of 2008 Chevrolet Impala, VIN # 331943 (last 6 digits),
for $3,000, and 2012 Chevrolet Equinox, VIN # 2GNFLNEK5C6313733,
for $10,000 ("Vehicles"), outside the ordinary course of business
to Eddie's Auto Sales.

The Debtor formerly operated an ambulance and emergency medical
transportation service in the northeastern portion of Hawkins
County, Tennessee.  The Debtor ceased its operations on Aug. 23,
2016.  The Debtor utilized certain vehicles in its business and now
seeks to sell those vehicles.

The Debtor, through a private bidding process, has solicited bids
from various parties for the vehicles owned by the Debtor. The
Debtor has received the two bids from Eddie's Auto Sales, Church
Hill, Tennessee.

The terms of the sale also include that the Vehicles will be sold
"as is, where is," without any warranties, express or implied.

The Debtor does not intend to utilize the two Vehicles as part of
its reorganization. The Debtor believes the respective bid amounts
of $3,000 and $10,000 submitted by Eddie's Auto Sales represents
not only the highest bids received but also a fair value for the
Vehicles. The Debtor does not believe that it could receive greater
values through an alternate liquidation process. The Debtor
believes that there is a limited market for the Vehicles and that
the terms of the proposed sale to Eddie's Auto Sales represent a
fair liquidation value without any commission and with limited
expense.

The Debtor is not aware of any creditor that holds or claims to
hold a perfected lien or security interest in the Vehicles.
Therefore, no lienholder or other third party is required to
consent to the sale in order for it to be approved by the Court.

The proceeds of the sale will be paid to the Debtor's estate.

The Debtor further requests that any stay of any order authorizing
the proposed sale of the Vehicles as required by Fed. R. Bankr. P.
6004(h) be waived.

           About Church Hill Emergency Medical Services

Church Hill Emergency Medical Services, Inc. filed a chapter 11
petition (Bankr. E.D. Tenn. Case No. 16-51275) on Aug. 30, 2016.
The petition was signed by Mark Johnson, director.  The Debtor is
represented by Mark S. Dessauer, Esq., at Hunter, Smith & Davis.
The case is assigned to Marcia Phillips Parsons.  The Debtor
disclosed total assets at $1.46 million and total debt at $840,000
as of Aug. 25, 2016.



CHURCH HILL: Selling Vehicles to 33 Ambulance Services for $46K
---------------------------------------------------------------
Church Hill Emergency Medical Services, Inc., asks the U.S.
Bankruptcy Court for the Eastern District of Tennessee to authorize
the sale of 2008 Chevrolet Suburban, VIN # 2G1WB58K881331943, for
$13,000, and a 2014 Chevrolet K-1500 Suburban LT, VIN #
1GNSKJE74ER199174, for $33,000 ("Vehicles"), outside the ordinary
course of business to 33 Ambulance Services, Inc.

The Debtor formerly operated an ambulance and emergency medical
transportation service in the northeastern portion of Hawkins
County, Tennessee.  The Debtor ceased its operations on Aug. 23,
2016.

The Debtor owned and utilized certain vehicles in its business.
These vehicles include the Vehicles the Debtor seeks the authority
to sell.  There is certain miscellaneous equipment in the form of
lights and winches that are attached to the Vehicles and are to be
included with the proposed sale.

The Debtor, through a private bidding process, has solicited bids
from various parties for the purchase of the Vehicles and other
vehicles owned by the Debtor.  The highest bids for the Vehicles
have been submitted by 33 Ambulance, Grundy, Virginia.

The terms of the sale also include that the Vehicles will be sold
"as is, where is," without any warranties, express or implied.

The Debtor does not intend to utilize the Vehicles as part of its
reorganization. The respective bid amounts for these Vehicles
represent the highest bids received by the Debtor and which the
Debtor believes represents a fair value for the Vehicles.  The
Debtor does not believe that it could receive a greater value
through an alternate liquidation process.  The Debtor believes that
there is a limited market for the Vehicles and that the terms of
the proposed sale to 33 Ambulance represent a fair liquidation
value without any commission and with limited expense.

The Debtor is not aware of any creditor that holds or claims to
hold a perfected lien or security interest in the Vehicles.
Therefore, no lienholder or other third party is required to
consent to the sale for it to be approved by the Court.

The proceeds of the sale will be paid to the Debtor's estate.

The Debtor further requests that any stay of any order authorizing
the proposed sale of the Vehicles as required by Fed. R. Bankr. P.
6004{h) be waived.

               About Church Hill Emergency Medical

Church Hill Emergency Medical Services, Inc. filed a chapter 11
petition (Bankr. E.D. Tenn. Case No. 16-51275) on Aug. 30, 2016.
The petition was signed by Mark Johnson, director.  The Debtor is
represented by Mark S. Dessauer, Esq., at Hunter, Smith & Davis.
The case is assigned to Marcia Phillips Parsons.  The Debtor
disclosed total assets at $1.46 million and total debt at $840,000
as of Aug. 25, 2016.


CITY CONCRETE: Court Prohibits Cash Collateral Use
--------------------------------------------------
Judge Karen K. Specie of the U.S. Bankruptcy Court prohibited City
Concrete Construction Company from using cash collateral, after
Commercial Credit Group filed a motion asking the Bankruptcy Court
to prohibit the Debtor from using cash collateral.

Judge Specie was advised by the Debtor's counsel that the Debtor
was no longer operating its business.  She ordered the Debtor not
to use, dispose of, transfer, or spend any of its accounts, deposit
accounts, contract rights, accounts receivable, cash proceeds,
chattel paper, instruments, or documents until further order of the
Court.

Commercial Credit Group previously sought to prohibit the Debtor
from using cash collateral, contending that Commercial Credit
Group's interest in the cash collateral was not adequately
protected and that it did not consent to the use of its cash
collateral without appropriate conditions.

A full-text copy of the Order, dated Sept. 20, 2016, is available
at https://is.gd/lbP7mg

          About City Concrete Construction Company

City Concrete Construction Company filed a Chapter 11 petition
(Bankr. N.D. Fla. Case No. 16-40353), on July 26, 2016.  The
petition was signed by Franklin E. Clore, president.  The Debtor is
represented by Robert C. Bruner, Esq., at Robert C. Bruner,
Attorney.  The Debtor estimated assets at $0 to $50,000 and
liabilities at $100,001 to $500,000 at the time of the filing.


CLAIRE'S STORES: S&P Lowers CCR to 'SD', Off CreditWatch Negative
-----------------------------------------------------------------
S&P Global Ratings lowered its corporate credit rating on Hoffman
Estates, Ill.-based Claire's Stores Inc. to 'SD' from 'CC'.  S&P
also removed the ratings from CreditWatch negative, where it placed
them on Aug. 18, 2016.

At the same time, S&P lowered the issue-level ratings on the
company's senior secured second-lien debt and senior unsecured debt
facilities to 'D' from 'C' and removed the ratings from CreditWatch
negative.  The recovery rating is '6', indicating S&P's
expectations for negligible (0% to 10%) recovery.

S&P affirmed its 'CCC-' issue-level rating on the company's senior
secured first-lien debt facilities.  The recovery rating remains
'3', indicating S&P's expectations for meaningful recovery in the
event of default, at the lower end of the 50% to 70% range.

The downgrade follows the close of Claire's most recent debt
exchange transaction for its second-lien and senior unsecured
notes.  The company is exchanging $574 million of debt for new term
loans due 2021.  The specific debt issues being exchanged are:

   -- 8.875% senior secured second-lien notes due 2019;
   -- 7.75% senior notes due 2020;
   -- 10.5% senior subordinated notes due 2017; and
   -- 10.5% PIK senior subordinated notes due 2017.

"We view this as a distressed exchange as existing holders received
a material discount to the par value and we believe the company's
capital structure remains unsustainable with liquidity and maturity
risks next year," said credit analyst Samantha Stone. "The company
was able to amend and restate the credit agreement for the Europe
credit facility, which allowed the company to complete its proposed
sub-par exchange offer and permit sufficient cash distributions to
pay the interest payment that was due on Sept. 15 on the first-lien
and second-lien notes."

S&P expects to review the corporate credit and issue-level ratings
within the next several days when S&P assess the company's
liquidity position, operating performance expectations, while
taking into account likelihood of further debt distressed
transactions.  While the transaction saves the company about
$24 million in annual interest expense, its operating performance
and cash flows remains weak.  Based on these factors, S&P believes
the corporate credit rating will likely be no higher than 'CCC'
when S&P re-assess the ratings.  S&P may raise the corporate credit
rating to reflect the company's ongoing default risk, but S&P
expects to maintain the 'D' issue-level rating on the exchanged
debt because S&P believes it is likely there will be additional
sub-par exchanges on these issues.


CLARK-CUTLER-MCDERMOTT: Cash Hearing Continued to Sept. 30
----------------------------------------------------------
Judge Christopher J. Panos of the U.S. Bankruptcy Court for the
District of Massachusetts continued the hearing on
Clark-Cutler-McDermott Company's use of cash collateral to Sept.
30, 2016 at 9:30 a.m.

Judge Panos directed the Debtor to submit a proposed form of the
Order authorizing the continued use of cash collateral on a limited
basis for the Debtor to continue to operate and meet obligations
under certain sale agreements, through a further evidentiary
hearing scheduled for Sept. 30, 2016 at 9:30 a.m.

The Debtor was further directed to submit a proposed revised Budget
that includes the costs of liquidating assets that will run through
a proposed confirmation date, or earlier, if assets are liquidated
before that date.  Judge Panos held that if the parties are not
able to come to an agreement regarding a Budget, they will file a
statement so stating by Sept. 29, 2016, and the evidentiary hearing
regarding further use of cash collateral, adequate protection, and
reasonableness of proposed budgeted expenses will go forward on
Sept. 30, 2016.

A full-text copy of the Order, dated Sept. 20, 2016, is available
at https://is.gd/rHaEfo

            About Clark-Cutler-McDermott Company

Automobile parts manufacturer Clark-Cutler-McDermott Company and
its subsidiary CCM Automotive Lafayette LLC filed chapter 11
petitions (Bankr. D. Mass. Lead Case No. 16-41188) on July 7, 2016.
The cases are pending joint administration before Hon. Christopher
J. Panos.  The petitions were signed by James T. McDermott, CEO.

The Debtors are represented by Charles A. Dale, III, Esq., David
Mawhinney, Esq., and Mackenzie Shea, Esq., at K&L Gates LLP.

The Debtors each estimated assets of $10 million to $50 million and
debt of $10 million to $50 million at the time of the chapter 11
filings.


CLINT ROSS: Selling Road Hornbeak Property to Petty for $273K
-------------------------------------------------------------
Clint A. Ross and Crystal P. Ross ask the U.S. Bankruptcy Court for
the Western District of Tennessee to authorize the private sale of
real property located at Cleve Duke Road, Hornbeak, Tennessee, to
Teddy G Petty Jr. for $273,000.

The property is to be sold "as is, where is," and free and clear of
any liens.

Farm Service Agency, is a holder of a claim in the amount of
$204,274 on Feb. 1, 2016, on account of a promissory note secured
by mortgage lien.  The Bank's liens will attach to the net sale
proceeds.  Any excess funds will be paid over to the Debtors for
use in the normal course of business.

The Debtor has determined that the sale is in the best interest of
the estate because there will be no agent fees attendant to sale,
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.

                        About Clint A. Ross

Clint A. Ross and Crystal P. Ross are engaged in an organic beef
and specialty shop along with a lawn service.  They sought Chapter
11 protection (Bankr. W.D. Tenn. Case No. 16-10191) on Feb. 1,
2016.  The Debtors tapped Thomas Strawn, Esq. as counsel.


COMPASSION IN HEALTHCARE: Must Show Why PCO Not Necessary, Ct. Says
-------------------------------------------------------------------
The United States Bankruptcy Court for the Middle District of
Florida issued a notice regarding the appointment of Patient Care
Ombudsman in the Chapter 11 case of Compassion In Healthcare, Inc.

The Court noted that in no later than October 7, 2016, an order for
the appointment of a Patient Care Ombudsman will be entered, unless
the Debtor produces within 14 days of the notice, dated September
13, 2016, a sufficient evidence for the Court to find that the
appointment of such ombudsman is not necessary under the specific
facts of the case.

Compassion In Healthcare, Inc., filed a Chapter 11 petition (Bankr.
M.D. Fla. Case No. 16-05969) on September 7, 2016, and is
represented by represented by Ronald Cutler, Esq.


CRN INC: Unsecureds To Be Paid $222 for 60 Months
-------------------------------------------------
CRN, Inc., filed with the U.S. Bankruptcy Court for the Western
District of Texas a first amended disclosure statement dated Sept.
2, 2016, accompanying the plan of reorganization.

The Debtor will pay 100% of the unsecured creditors in Class 3(a)
claims over five years without interest.  Payments will be made in
the combined amount of $222.46 per month starting on the 15th day
of the first full month following the Effective Date with like
payments to be on the 15th day of each succeeding month thereafter
for a total of 60 months.  All payments will be shared pro rata
among the Class 5(a) creditors.  This class is impaired.

Class 3(a) creditors are the following:

   Bud Kirk, Esq., & Larry Schwartz, Esq. $1,000
   Dr. Nicholas Rich                      $1,100
   Peterschmidt & Associates, LLC         $4,000
   Weatherley, Butterworth, Macias
      & Graves                            $4,843
   KTSM                                     $834
   Toyota Motor Credit Company                $0
   Aetna, Inc.                            $1,570

The Class 3(b) General Unsecured Claim of the Internal Revenue
Service totals a $5,571.82.  The IRS will agree to waive the
$5,571.82 which is comprised of all penalties, as long as the
Debtor is successful in full paying the total amounts due for the
unsecured priority claim and the secured claim without defaulting.
Nevertheless, should the Debtor be unsuccessful in repaying the IRS
unsecured priority and secured claim in full, the general claim in
the amount of $5,571.82 will be added back to the IRS's claim and
the IRS may accelerate its allowed claim(s), past and future, and
declare the outstanding amount of the claim(s) to be immediately
due and owing and pursue any and all available state and federal
rights and remedies.

The Plan is based on the Debtor's future earnings.  The Debtor
believes that the Estate will generate sufficient future income to
fund the obligations under the proposed in the Plan and that no
further reorganization proceedings will be likely.

The Amended Disclosure Statement is available at:

           http://bankrupt.com/misc/txwb16-30001-61.pdf

The Plan was filed by the Debtor's counsel:

     Carlos A. Miranda III, Esq.
     Gabe Perez, Esq.
     MIRANDA & MALDONADO, P.C.
     5915 Silver Springs, Building 7
     El Paso, Texas 79912
     Tel: (915) 587-5000
     Fax: (915) 587-5001
     E-mail: cmiranda@eptxlawyers.com
             gperez@eptxlawyers.com

                        About CRN Inc.

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

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

The Debtor represented by Carlos A. Miranda III, Esq., and Gabe
Perez, Esq., at Miranda & Maldonado, P.C., in El Paso, Texas.


CSM BAKERY: S&P Affirms 'B' CCR & Revises Outlook to Negative
-------------------------------------------------------------
S&P Global Ratings affirmed its 'B' corporate credit rating on CSM
Bakery Solutions LLC and revised the outlook to negative from
stable.

At the same time, S&P affirmed its ratings on the company's
$850 million first-lien term loan due 2020 and the company's
$210 million senior secured second-lien term loan due 2021 at 'B+'
and 'CCC+', respectively.  The '2' recovery rating on the
first-lien term loan indicates S&P's expectation for substantial
(70% to 90%, lower half of the range) recovery in the event of a
payment default.  The '6' recovery rating on the second-lien term
loan indicates S&P's expectations for negligible (0% to 10%)
recovery in the event of a payment default.

Adjusted debt for the 12 months ended June 30, 2016, was
$1.3 billion.

"Our ratings affirmation reflects our expectation that CSM's
financial metrics will improve in 2017 as the company laps the
one-time costs it incurred in 2016," said S&P Global Ratings credit
analyst Amanda O'Neill.

The company recently incurred EUR55 million of costs related to
enterprise software (SAP) implementation and could not fill orders
on time due to system issues, leading to a loss of business in the
U.S. as customers sought supplies from competitors.  Case fill
rates are at historical levels and order fill rates are returning
to historical levels (albeit slowly) and the company has won back
some of the business it lost; however, full recovery will take time
as customers work through current commitments or short-term
contracts they entered into with competing suppliers.  Regaining
lost customers will be a top priority for management over the next
12 months and customers that have already come back have done so
for quality of product.  Debt to EBITDA for the 12 months ended
June 30, 2016, was about 14x (compared to 7.5x for the prior-year
period).  S&P includes the one-time costs related to the company's
SAP implementation and restructuring costs in S&P's calculation of
EBITDA; if S&P excluded these items from EBITDA, debt to EBITDA
would be below 8x.

The negative outlook reflects the likelihood that S&P Global
Ratings could lower the ratings over the next few quarters if the
company does not regain the customers it lost or continues to
experience SAP implementation issues and lose customers, resulting
in lower than expected EBITDA and leverage above 8x by fiscal
year-end 2016.  The negative outlook also reflects S&P's view that
liquidity could become pressured during the next 12 months if the
company has to borrow more on its ABL to fund additional
restructuring, given S&P's expectation of negative to break-even
cash flow in 2016 and possibly 2017.

S&P would revise the outlook to stable during the next 12 months if
the company improves profitability by regaining customers and no
longer experiences operational missteps with its roll-out of SAP in
North America, leading to financial leverage sustained below 8x.


DARIUS ENTERPRISES: Ch. 11 Trustee Sought Amid Gross Mismanagement
------------------------------------------------------------------
The United States Trustee asks the United States Bankruptcy Court
for the Central District of California to direct the appointment of
a Chapter 11 Trustee amid the participation of Darius Enterprises,
LLC's governing body in the actual fraud, dishonesty, or criminal
conduct in the management of the debtor or the debtor's public
financial reporting. In the alternative, the U.S. Trustee requests
that the case be converted to chapter 7.

In the case, there is no question that sufficient evidence exists
in the record to establish that "cause" exists for appointment of a
trustee under Sec. 1104(a)(1) under either evidentiary standard,
the U.S. Trustee asserted.  The debtor in possession's principal,
Mr. Madani, has made repeated unauthorized post-petition transfers
during the pendency of the case, the U.S. Trustee said.

Moreover, several of the Monthly Operating Reports filed during the
pendency of the case list disbursements related to Mr. Madani's
personal expenses, that do not appear to be expenses related to the
regular business of the Debtor, and that were not authorized by the
Court in connection with a cash collateral or other motion
requesting that the estate's income be used for Mr. Madani's
personal expenses, the U.S. Trustee added.

The U.S. Trustee further asserted that cause also exists to convert
the Debtor's case to chapter 7, to allow a chapter 7 trustee to
complete the case's administration.  Mr. Madani's disbursement of
$116,808.00 from the debtor-in-possession account in and of itself
constitutes gross mismanagement, the U.S. DOJ watchdog said.  The
personal diversion of estate assets show that a pattern of abuse
exists, which constitutes cause to convert the case to chapter 7 if
the Court finds that conversion, rather than appointment of a
chapter 11 trustee, is in the best interest of creditors, the U.S.
Trustee additionally asserted.  In the case, the assets already
have been liquidated and distribution of funds to remaining
creditors is the primary remaining administrative duty, which could
be accomplished by a trustee in either chapter 7 or chapter 11, he
said.

                 About Darius Enterprises

Darius Enterprises, LLC, is a limited liability company created by
Masih Madani to own two commercial condominiums located at 9621 and
9623 Canoga Avenue in Chatsworth, CA.

Darius Enterprises filed a chapter 7 petition (Bankr. C.D. Cal.
Case No. 15-12153) on June 10, 2016, and converted the case to a
chapter 11 proceeding in Sept. 2015. This is Darius Enterprises'
second time in bankruptcy court. The company previously sought
Chapter 11 protection (Bankr. C.D. Cal. Case No. 10-20351) on Aug.
20, 2010, estimating less than $1 million in assets and $1 million
to $10 million in debt.


DARLING INGREDIENTS: Moody's Affirms Ba2 Corporate Family Rating
----------------------------------------------------------------
Moody's Investors Service affirmed Darling Ingredients Inc.'s Ba2
Corporate Family Rating and its Ba2-PD probability of default
rating, but changed the rating outlook to stable from negative. At
the same time, Moody's affirmed the Ba1 senior secured rating on
the revolver, term loan A, and term loan B. Moody's also affirmed
the Ba3 senior unsecured rating on the notes. The speculative grade
liquidity rating was affirmed at SGL-2. The ratings outlook is
stable.

The stable outlook reflects Moody's expectation of higher earnings
over the next couple of years as its two new pet food plants ramp
up to full production and a couple new rendering plants commence
operations in 2017. It also reflects lower debt levels as the
company continues to use internally generated cash to repay
outstanding debt. In addition, Moody's expects Darling to receive
significant cash dividends from the Diamond Green Diesel joint
venture beginning in 2018. The Diamond Green Diesel facility
expansion to 275 million gallons from 160 million gallons is
expected to be completed during the first quarter of 2018.

Ratings affirmed:

   Darling Ingredients Inc.

   -- Corporate Family Rating at Ba2

   -- Probability of Default Rating at Ba2-PD

   -- Speculative Grade Liquidity Rating at SGL-2

   -- $1,000 million senior secured revolving credit facility at
      Ba1 (LGD 2 from LGD 3)

   -- $350 million senior secured term loan A due 2018 at Ba1 (LGD

      2 from LGD 3)

   -- $600 million senior secured term loan B due 2021 at Ba1 (LGD

      2 from LGD 3)

   -- $500 million 5.375% senior unsecured notes due 2022 at Ba3
      (LGD 5)

   Darling Global Finance B.V.

   -- €515 million 4.75% senior unsecured note due 2022 at Ba3
      (LGD 5)

Outlook Actions:

   Issuer: Darling Global Finance B.V.

   -- Outlook, Changed To Stable From Negative

   Issuer: Darling Ingredients Inc.

   -- Outlook, Changed To Stable From Negative

RATINGS RATIONALE

Darling Ingredients Inc.'s Ba2 Corporate Family Rating reflects
moderately high financial leverage, some exposure to raw material
price swings, and exogenous raw material supply risk. The rating
also reflects good geographic and end market diversity, use of raw
material pricing formulas to help reduce volatility in the majority
of its business, and our expectation of meaningful cash dividends
from its Diamond Green Diesel joint venture commencing in 2018.

Ratings could be upgraded if Darling reduces its earnings and cash
flow volatility and sustains debt to EBITDA below 3.5 times.

Ratings could be downgraded if earnings decline, liquidity weakens,
or debt to EBITDA exceeds 4.5 times on an sustained basis.

Darling Ingredients Inc. provides rendering and recycling services
to the food industry. The company processes food waste such as
animal by-products, used cooking oil, and commercial bakery
residuals into ingredients used in diverse applications in the
food, pet food, pharmaceutical, feed, fuel and fertilizer
industries. Ingredients include gelatin, tallow, feed grade fats,
meat and bone meal, poultry meal, yellow grease, fuel feed stocks,
natural casings and hides. The company's operations are primarily
located in North America and Europe with a modest presence in
China, South America, and Australia. Revenue was $3.3 billion for
the twelve months ending July 2, 2016.

The principal methodology used in these ratings was Global Protein
and Agriculture Industry published in May 2013.


DEFENSE HOLDINGS: Court Confirms Chapter 11 Plan
------------------------------------------------
The Hon. Brian F. Kenney of the U.S. Bankruptcy Court for the
Eastern District of Virginia has entered an order approving Defense
Holdings, Inc.'s disclosure statement and confirming the Chapter 11
plan dated July 19, 2016.

The Court conditionally approved Disclosure Statement on July 28,
2016.

As reported by the Troubled Company Reporter on July 25, 2016, the
Plan provides for payments to creditors from the "new equity"
contribution of $10,000 by Richard Martin, president and chief
executive officer of the company.  In exchange, the reorganized
company will issue new equity interests to Mr. Martin.  Payments to
creditors will also be funded through cash generated from future
business operations.  

                     About Defense Holdings

Defense Holdings, Inc., sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. E. D. Va. Case No. 15-14317) on Dec. 7,
2015.  The petition was signed by Richard J. Martin, president and
CEO.  

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.


DENISE STANSFIELD: Plan Outline Okayed, Conf. Hrg. Set for Nov. 30
------------------------------------------------------------------
Bankruptcy Judge Peter H. Carroll approved the disclosure statement
in support of the Plan of Reorganization proposed by Denise and
David Stansfield, which proposes 1% recovery for
general unsecured creditors to be paid over a 5-year period.

Ballots for acceptances or rejections of the Plan must be received
by the balloting agent on or before Nov. 16, 2016.

A hearing will be convened on Nov. 30, 2016, at 10:00 a.m., at a
California bankruptcy court to consider confirmation of the Plan.

                       About the Stansfields

Denise Stansfield and David Elphick Stansfield's major asset is a
real property located at 6100 Via Escondido Drive, Malibu, Ca.
Their liabilities include mortgages on the properties and credit
card debts.

Denise Stansfield and David Elphick Stansfield filed a Chapter 11
petition (Bankr. C.D. Cal. Case No. 15-12436) on Dec. 14, 2015.
Onyinye N Anyama, Esq., at Anyama Law Firm, serves as counsel.


DENNIS LEROY SCHEFFER: Selling Everson Property for $600K
---------------------------------------------------------
Dennis LeRoy Scheffer asks the U.S. Bankruptcy Court for the
Western District of Washington to authorize the sale of Debtor's
interest in real property located at 2909 Massey Road in Everson,
Washington to Dick Bedlington Farms, LLC, for $600,000.

A hearing on the Motion is set for Oct. 20, 2016 at 9:00 a.m.  The
objection deadline is Oct. 13.

The Debtor, a resident of Whatcom County, owns and operates Fraser
Sand and Gravel, Inc., which has a fleet of large trucks that are
used to haul rock and refrigerated freight and other heavy
equipment that are used for excavation and dredging.

At the time of filing the bankruptcy the Debtor owned two parcels
of tillable farmland in Everson, Washington.  One parcel is 76.1
acres located at 3037 Massey Road and the other parcel is 35.54
acres located at 2909 Massey Road.

On Feb. 1, 2014 the Debtor leased the two parcels to Dick
Bedlington Farms for a period of 5 years to grow agricultural crops
and ancillary business purposes.  Dick Bedlington Farms prepaid the
rent for both parcels (110 acres) in the amount of $55,000 for 2015
and $55,000 for 2019.  Paragraph 25 of the lease gives Dick
Bedlington Farms a Right of First Refusal to purchase both
parcels.

On Nov. 30, 2015 the Bankruptcy Court approved the sale of the 3037
Massey Road property to Bedlington-Kleindel Real Estate for
$1,360,000.  All valid liens, claims, encumbrances and other
interests of record (except a $38,519 judgment obtained by the U.S.
Department of Labor) were paid from the proceeds of the sale.

The Debtor and his wife continue to reside in the residence located
on the 3037 Massey Road parcel.  Bedlington-Kleindel Real Estate
has offered to sell to the Debtor and his wife the residence,
several adjacent outbuildings and the surrounding 2 acres of land
("Massey Road Residence") for $60,000 if they are able to segregate
it into a separate legal parcel.  The Debtor and his wife must also
pay all costs to segregate the property into a separate legal
parcel.

On May 21, 2015 the Debtor leased 2909 Massey Road to Dick
Bedlington Farms and gave it the option to purchase the property
for $600,000.

By letter dated June 16, 2016 Dick Bedlington Farms advised the
Debtor that it was exercising its option to purchase the 2909
Massey Road parcel for $600,000 cash and was prepared to close
within 60 days.  Dick Bedlington Farms will be given credit against
the $600,000 sale price for the unused portion of the rent it
prepaid on 2909 Massey Road and 3037 Massey Road (estimated at
$48,000).

A copy of the Lease with Option to Purchase and the letter
exercising its option to purchase 2909 Massey Road attached to the
Motion is available at:

      http://bankrupt.com/misc/Dennis_Scheffer_114_Sales.pdf

The parties have agreed that $60,000 of the $600,000 purchase price
will be held in the trust account of the attorney for Dick
Bedlington Farms (Nicole Terpstra) to pay for the Massey Road
Residence after it is segregated into a separate legal parcel.  If
the Massey Road Residence cannot be segregated into a separate
legal parcel the $60,000 will be returned to the Debtor within 72
hours of written request.

Dick Bedlington Farms option to purchase the property for $600,000
equates to $16,882 per acre.  The Whatcom County Assessor lists the
market value of the 2909 Massey Road parcel at $308,901 ($8,692 per
acre).  The retail value of Whatcom County farmland averages
$15,000 to $20,000 per acre depending on the location of the
property, the quality of the soil and the water rights that go with
the property.  The $600,000 offer for the 2909 Massey Road parcel
is fair and reasonable based on the average retail value of Whatcom
County farmland.

The Debtor has had the assistance of Jim Ackerman (Muljat Group,
Nooksack) as his real estate agent to market and sell the 2909
Massey Road parcel which sale is subject to a 2.5% commission.  The
bankruptcy court authorized the Debtor to employ Mr. Ackerman by an
order entered on July 10, 2015.  The real estate commissions will
be paid from the proceeds of the sale at the close of escrow.

The Whatcom County Treasurer filed Proof of Claim No. 1 that states
real property taxes in the amount of $7,065 are owed against 2909
Massey Road and personal property taxes are owed in the amount of
$99.  According to the Whatcom County Treasurer's Web site 2909
Massey Road has no personal property taxes owing and real property
taxes in the amount of $2,610, are owed for 2014, real property
taxes in the amount of $2,613 are owed for 2015 and real property
taxes in the amount of $2,624 are owed for 2016 ($7,847 total).

These property taxes are included in the adequate protection
payment to Industrial Credit Union pursuant to the Amended
Stipulated Order dated May 23, 2016, wherein the Debtor is making
monthly payments to Industrial Credit Union which, among other
things, is for delinquent property taxes in the amount of $7,238.

The proceeds received from the sale will be sufficient to pay all
liabilities, liens, encumbrances, claims and interests recorded
against the 2909 Massey Road property.  Proceeds received from the
sale of the property will be distributed as follows:

   a. Sales commission and usual costs of sale (estimated):
$25,000

   b. First position DOT to Industrial Credit Union (Claim No. 4):
$92,136

   c. US Department of Labor Judgment (Claim No. 9): $38,519

   d. CHS Northwest (Claim No. 11): $89,784

   e. Attorney fees, costs and other charges to Steven Hathaway:
$25,000

   f. Reimburse prepaid rent: $48,000

   g. Trust account of Nicole Terpstra for Massey Road Residence:
$60,000

   h. Balance into trust account of Steven Hathaway (estimated):
$221,561

The proposed 11 U.S.C. Sec. 363(b) transaction is not a sub rosa
plan because the Debtor will receive more than fair value in return
for the sale of the 2909 Massey Road property to Dick Bedlington
Farms, all the sales proceeds will be distributed according to the
Chapter 11 priority scheme and the proceeds will allow the Debtor
to successfully perform on his reorganization plan.

The Debtor believes that waiting for an additional 14 days after
the entry of the order would deter the Buyers from purchasing the
Property, as escrow is currently set to close on Oct. 30, 2016.
Therefore, the Debtor requests that the 14-day stay period be
waived.

The Purchaser can be reached at:

          DICK BEDLINGTON FARMS, LLC
          8497 Guide Meridian Road
          Lynden, WA 98264

Dennis LeRoy Scheffer filed a Chapter 11 petition (Bankr. W.D.
Wash. Case No. 15-13327) on May 29, 2015.  The Debtor tapped Steven
C. Hathaway, Esq., as counsel.


DLN PROPERTIES: Hearing on Plan Outline Approval 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
2:30 p.m. the hearing to consider the approval of DLN Properties,
Ltd.'s disclosure statement in support of the plan of
reorganization.

Sept. 26, 2016, is fixed as the last day for filing objections to
the Disclosure Statement.

                      About DLN Properties

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

The case is assigned to Judge Jerry A. Brown.

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

The Debtor is represented by:

     Leo D. Congeni, Esq.
     The Congeni Law Firm, LLC
     424 Gravier Street
     New Orleans, LA 70130
     Tel: (504) 522-4848


DOMINICA LLC: Seeks Authorization to Use Cash Collateral
--------------------------------------------------------
Dominica LLC asks the U.S. Bankruptcy Court for the District of
Massachusetts for authorization to use cash collateral.

The Debtor owns the property known as 20 Sutton Street, Boston,
Massachusetts.  The Property is a three family house.  The Debtor's
sole member, Evangeline Martin, resides in one unit and rents out
the remaining two units.

Ms. Martin gave a mortgage to Santander Bank in the principal
amount of $115,000.  Ms. Martin refinanced the Property with
Endeavor Capital North LLC, with a mortgage in the principal amount
of $350,000.  At closing, Endeavor paid off the first mortgage held
by TD Bank in the amount of $158,843 and the Santander Mortgage of
$116,523.

Ms. Martin continued to utilize the home equity line of credit
subject to the Santander Mortgage and owes approximately $80,000
under the Santander Mortgage.

The Debtor tells the Court that it wants to use cash collateral to
fund ongoing operations in accordance with its proposed Budget.
The Debtor further tells the Court that it has rental income of one
unit of $2,075.

The Debtor's proposed Budget, which covers the months of October
2016 through January 2017, projects total expenses in the amount of
$77 for October 2016 and December 2016; $1,185.83 for November
2016; and $252 for January 2017.

The Debtor contends that it is unable to continue operating or
managing and maintaining the property without the use of cash
collateral.  The Debtor further contends that without the cash
collateral, it will suffer a significant financial harm and will be
forced to commence liquidation proceedings.

The Debtor proposes to grant replacement liens and security
interests in property of the Debtor's estate to the lienholders.

A full-text copy of the Debtor's Motion dated Sept. 20, 2016, is
available at https://is.gd068anV

Santander Bank can be reached at:

          SANTANDER
          450 Penn Street
          Reading, PA 19602

Dominica, LLC is represented by:

          Michael Van Dam, Esq.
          VAN DAM LAW LLP
          233 Needham Street, Suite 540
          Newton, MA 02464
          Telephone: (617) 969-2900
          E-mail: mvandam@vandamlawllp.com

                   About Dominica

Dominica, LLC, filed a chapter 11 petition (Bankr. D. Mass. Case
No. 16-13461-JNF) on Sept. 8, 2016.  The Debtor is represented by
Michael Van Dam, Esq., at Van Dam Law LLP.


DORAN LOFTS: Selling Glendale Property for $10 Million
------------------------------------------------------
Doran Lofts, LLC, asks the Y.S. Bankruptcy Court for the Central
District of California to authorize the sale of real property
commonly known as 730 W. Doran Street, Glendale, California,
outside of the ordinary course of business to John K. Woo or
assignee for $10,000,000.

The Debtor owns, operates, and developed the property, a 20-unit
apartment building which is the principal asset of the Debtor.  The
Debtor's principal liabilities are the secured liens on the
property.

On April 5, 2016, the Court entered an Order Authorizing Employment
of Real Estate Broker (Keller Williams Realty-World Media Center
aka Keller Williams World Media Center) ("Broker") for Debtor, to
market the Property for sale. The Broker extensively marketed the
property.

On May 6, 2016, the Debtor received an offer from the Buyer to
purchase the property for $10,000,000 and accepted the offer,
subject to Bankruptcy Court Approval, on June 6, 2016.  The Buyer
made a $100,000 refundable deposit into escrow.  Pursuant to
Addendum No. 6, the Buyer has agreed to extend the deadline for the
Bankruptcy Court to approve the proposed sale to Oct. 6, 2016;
close of escrow is to occur within 60 days of entry of the order
approving the sale, but no later than Dec. 6, 2016.  Because the
Buyer is a licensed California Real Estate Broker representing
himself in the transaction, the Buyer has agreed not to receive a
sales commission and, therefore, the Broker's commission is reduced
from 2% to 1%.

On Sept. 13, 2016, the Debtor filed a First Amended Disclosure
Statement, ("Disclosure Statement"), approval of which is set for
hearing on Sept. 28, 2016. The Disclosure Statement describes the
Debtor's Second Amended Plan ("Plan"), which proposes to pay
creditors from the proceeds of the sale of the property.

The Debtor asserts in its Plan that it can avoid paying interest at
the default rate and late charges if the sale is approved through
confirmation of a plan of reorganization pursuant to In re
Entz-White Lumber and Supply, Inc., and some or all of the
creditors dispute Debtor's assertion.

In an effort to expedite the sale process and ensure that the
property can be sold in a timely and efficient manner, the majority
of creditors that assert an interest in the property have agreed to
allow the sale to proceed in advance of confirmation pursuant to
Section 363 of the Bankruptcy Code, and that the proposed sale will
proceed as though it was a sale through confirmation of a plan of
reorganization, and all issues relating to any creditor's right to
recover interest at the default rate and late charges under
Entz-White or as an enforceable penalty under applicable
non-bankruptcy law will be preserved for later determination by the
Bankruptcy Court.

A copy of the Stipulation and is available for free at:

      http://bankrupt.com/misc/Doran_Lofts_165_Sales.pdf

Any liens, claims, encumbrances, and interests in the property will
attach to the proceeds from the sale of the property. In this case,
these parties assert an interest in the property: (a) Los Angeles
County Treasurer and Tax Collector (Claim No. 3, filed Feb. 3,
2016); (b) East West Bank ("EWB") (Claim No. 8, May 18, 2016); (c)
Dove Street Capital Lenders, LLC ("Dove Street") (Claim No. 9,
filed May 19, 2016); (d) Neuman Properties & Development, LLC
("Neuman") (Claim No. 11, filed May 20, 2016); (e) Delovely
Properties, LLC ("Delovely") (Claim No. 10, filed May 20, 2016);
(f) Linda Reuter ("Reuter") (Claim No. 6, filed May 9, 2016); and
(g) Ronit Yemini Corp., doing business as Coastal Tile, ("Ronit")
(Claim No. 4, filed Feb. 8, 2016).

The Debtor proposes to pay Claim No. 3, of the Los Angeles County
Treasurer and Tax Collector upon the close of escrow, in the amount
of $114,562. In addition, pursuant to the Stipulation the Debtor
has agreed to pay EWB these undisputed amounts directly from the
sale proceeds:

   a. Principal: $6,108,746

   b. Interest at Non-Default Rate: $185,057 as of Aug. 10, 2016,
plus all accrued and unpaid interest up to close of escrow

   c. Foreclosure Fees: $39,990

   d. Origination Fees: $70,079

   e. Forbearance Fees: $67,327

   f. Appraisal Fees: $23,438

   g. Demand Fee: $30

   h. Tax Advance: $875,168

   i. Attorneys' Fees and Costs: $108,562 through Aug. 31, 2016,
plus all further reasonable fees and costs incurred up to close of
escrow.

The balance of the sale proceeds will be held for distribution
pursuant to the terms of a plan of reorganization.

With regard to Dove Street, Dove Street appears to be agreeable to
the sale of the property, but has refused to join the stipulation
on the grounds that there is not an explicit reservation of an
unspecified concern over a tax advance made by the senior secured
creditor, East West Bank, over a year and a half ago.

The Debtor requests that the stay imposed by Federal Rules of
Bankruptcy Procedure Rule 6004(h) be waived.

                   About Doran Lofts

Doran Lofts, LLC, filed a chapter 11 petition (Bankr. C.D. Cal.
Case No. 16-10015) on Jan. 4, 2016.  The Debtor is represented by
James A. Tiemstra, Esq., at Tiemstra Law Group PC.



DREAMSCAPES LLC: Court Prohibits Use of FSB Cash Collateral
-----------------------------------------------------------
Judge Janice D. Lloyd of the U.S. Bankruptcy Court for the Western
District of Oklahoma prohibited Dreamscapes, LLC, at the behest of
First State Bank of Pond Creek, from using cash collateral.

Judge Lloyd directed the Debtor to turn over to First State Bank
any funds received, whether by check, cash, direct deposit, or any
other form of payment from contracts of the Debtor with any third
party.

Judge Lloyd lifted the automatic stay to allow First State Bank to
take all actions necessary to secure possession of the collateral.
She also held that all of the collateral are abandoned from the
bankruptcy estate.  

That collateral consists:

     (a) Accounts and Other Rights to Payment; including but not
limited to the Contract with Oklahoma Tourism, Boiling Springs
State Park; Contract with USDA, Vienna Illinois; the Contract with
Department of Transportation in the amount of $215,670 for grounds
maintenance; US Army Corp or Engineers Kansas Debris Removal
Contract; Patman Lake Contract; and Canton Lake Contract.

     (b) Equipment: All equipment including, but not limited to,
all machinery, vehicles, furniture, fixtures, manufacturing
equipment, farm machinery and equipment, shop equipment, office and
recordkeeping equipment, and parts and tools.

     (c) Motor Vehicle, Mobile Home, Sport Craft, or Trailers as
follows:

             1996 Chevrolet Pickup 2500, VIN#: 1GCGC29R9TE235460
             2004 Eager Beaver, Low Boy Trailer, VIN#:
112SD55234LO68076
             1987 Ford F700 with Dump Bed, VIN#: OFDPF70K2HVA43580

             1987 Ford F700 with Bucket, VIN#: 1FDNE70H5HVA11525
             1983 Ford F800 with Bucket, VIN#: 1FDPF84NADVA6755
             2005 Peterbilt Semi Truck, VIN#: 1XP5DBXX5N870966
             1999 Chevrolet S14, VIN#: 1GCCS144X8141266
             2005 Dodge SQ3, VIN#: 3D7MS48C85G862814
             1997 Chevrolet GC3, VIN#1GBJC34RXVF052864
             1995 Dodge 350CV, VIN#: 186MC36W5SS159114
             2005 Wells Cargo Trailer, VIN#: 1WC200K2451110930
             1998 Stidham Enclosed Trailer, VIN#: 1S9EC2425W1070026

             2001 Tophat Gooseneck Trailer, VIN#: 4R7G030221T032808

             2008 Dodge 4500
             1993 T&T Fuel Trailer
             1989 Unet Fuel/Service Tr.
             18' Car Hauler Trailer
             2005 Hydro Axe 721E Tractor with Attachments HA19128
             Hydro Axe 22" Shear Head
             Timbco 445D with Quadco 2800 attachment, Serial #:
FT4C-1901-012401

Judge Lloyd directed the Debtor to provide First State Bank a full
and complete list of all its machinery and equipment and any
additional information that may be necessary to assist First State
Bank in obtaining possession.

Judge Lloyd further directed the Debtor to provide to First State
Bank with complete copies of all contracts between the Debtor and
any third party, and copies of records showing payments received on
each contract and the remaining balance, and to make available to
First State Bank all books and records which may assist the Bank in
making a determination as to the disposition of any of its
collateral.

A full-text copy of the Order date September 15, 2016 is available
at http://tinyurl.com/j4qf6hk

                     About Dreamscapes, LLC

Dreamscapes, LLC, filed a Chapter 11 bankruptcy petition (Bankr.
W.D. Okla. Case No. 16-11755) on May 5, 2016.  The Petition was
signed by its member, Spencer Koehn.  The Debtor is represented by
Gary D. Hammond, Esq., at Mitchell & Hammond of Oklahoma City, OK.

The case is assigned to Judge  Janice D. Lloyd.

At the time of filing, the Debtor had estimated $50,000 in both
assets and liabilities.



DRYSDALE VILLAGE: Hearing on Plan Disclosures Scheduled For Oct. 20
-------------------------------------------------------------------
The Hon. Scott H. Gan of the U.S. Bankruptcy Court for the District
of Arizona has set for Oct. 20, 2016, at 2:00 p.m. the hearing to
consider the approval of The Drysdale Village, LLC's disclosure
statement dated describing the Debtor's plan of reorganization
dated Aug. 26, 2016.

Objections to the Disclosure Statement must be filed by Oct. 13,
2016.

As reported by the Troubled Company Reporter on Sept. 21, 2016, the
Plan proposes that holders of allowed Class IV General Unsecured
Creditors will be paid in full over five years in five equal annual
payments.  The Debtor will make the first payment to the holders of
Allowed Class IV Claims on the first business day that occurs six
months after the Effective Date and every year thereafter for four
years.  

Oct. 19, 2016, is fixed as the last day for filing a proof of
claim.

The Drysdale Village, LLC dba Frontier Village, based in Yuma,
Ariz., filed a Chapter 11 petition (Bankr. D. Ariz. Case No.
16-08755) on July 29, 2016.  Hon. Scott H. Gan presides over the
case.  Thomas H. Allen, Esq., and Philip J. Giles, Esq., at Allen
Barnes & Jones, PLC, serves as the Debtor's bankruptcy counsel.

In its petition, the Debtor estimated $1 million to $10 million in
assets and liabilities.  The petition was signed by Raymond
Drysdale, president.


ELDORADO GOLD: S&P Affirms 'BB-' CCR, Outlook Negative
------------------------------------------------------
S&P Global Ratings said it affirmed its 'BB-' long-term corporate
credit and unsecured notes ratings on Vancouver-based gold producer
Eldorado Gold Corp.  The outlook is negative.

S&P revised its country risk assessment for the Republic of Turkey
to high from moderately high, which reflects the lowering of the
sovereign rating on Turkey that followed S&P's previous research
update on Eldorado in May 2016.  However, this did not affect S&P's
ratings or outlook on Eldorado.

"We expect Eldorado will generate earnings and cash flow above our
previous expectations following the recent upward revision to our
gold price assumptions," said S&P Global Ratings credit analyst
Jarrett Bilous.  "However, the corresponding improvement in our
estimate of the company's prospective credit ratios is not
sufficient to warrant a rating action at this point," he added.

In S&P's view, Eldorado's exclusive reliance on its two mines in
Turkey following the sale of its mining interest in China and
significant capital investments allocated toward its development
projects heightens the company's credit risk profile.

S&P's weak business risk assessment primarily reflects its view of
the company's limited operating diversity, exposure to higher-risk
countries relative to certain peer companies, and sensitivity to
gold price volatility, given its limited commodity diversification.
Eldorado recently closed the sale of its 82%-owned Jinfeng mine
and expects to close its remaining Chinese mining interests this
year, consistent with S&P's previous expectations.  Given these
sales, S&P considers the company's business risk profile to be at
the lower end of S&P's weak assessment category--mainly because
Eldorado's Kisladag mine will account for the vast majority of
earnings and cash flow.

S&P assesses Eldorado's financial risk profile as aggressive, but
expects the company to generate earnings and cash flow above S&P's
previous expectations.  The improvement reflects the recent upward
revision to S&P's gold price assumptions.  S&P now estimates the
company to generate an adjusted debt-to-EBITDA ratio of about 3x in
2016 and in the mid-2x area in 2017, and FFO-to-debt of about 30%
over this period.  S&P considers these ratios as strong for the
financial risk assessment.  However, S&P also takes into account
the sensitivity of Eldorado's credit measures to potential gold
price fluctuations, particularly given its limited mine
diversification, as well as the financial risk associated with
estimated free cash flow deficits over the next few years.

The negative outlook primarily reflects S&P's view of Eldorado's
heightened rating sensitivity to the ramp-up of its development
projects in Greece, following the material estimated decline in the
company's earnings and cash flow from the sale of its mining
interests in China.  In S&P's view, reduced visibility regarding
expected contributions from its development projects could weaken
S&P's assessment of Eldorado's business risk or financial risk
profiles over the next 12 months.

S&P could lower the rating if it expects Eldorado to generate
adjusted debt-to-EBITDA above 3x in the next two years.  In S&P's
view, this could result from slower-than-expected contributions
from its development projects, notably Olympias, which S&P
incorporates in its 2017 estimates.  Production delays and a
corresponding increase in Eldorado's prospective cash cost
position, in S&P's opinion, could also weaken the company's
business risk profile and lead to a downgrade.

S&P could revise the outlook to stable if, over the next 12 months,
S&P believes the ramp-up of Eldorado's development projects will
progress generally in line with or ahead of S&P's expectations,
thereby stabilizing the company's business risk profile.  In
addition, S&P would also expect the company to generate adjusted
debt-to-EBITDA below 3x while maintaining strong liquidity.


ELEPHANT TALK: Closes $490,000 Private Stock Offering
-----------------------------------------------------
Elephant Communications Corp. consummated a closing of its private
placement offering of Series A Preferred Stock, par value $0.00001
per share, to "accredited investors".  At the Closing, the Company
sold 49 shares of Series A Preferred Stock for aggregate gross
proceeds of $490,000.  The Closing is part of a "best efforts"
private placement offering of up to $1,500,000 consisting of up to
150 shares of Series A Preferred Stock.  As of Sept. 21, 2016, 122
shares of Series A Preferred Stock have been sold by the Company
for gross proceeds to the Company of approximately $1.2 million.

Each share of Series A Preferred Stock is convertible into 0.04% of
the Company's issued and outstanding shares of common stock
immediately prior to conversion.  Accordingly, if the Maximum
Amount is sold in the Offering, the outstanding Series A Preferred
Stock, in the aggregate, will be convertible into 6.0% of the
Company's issued and outstanding shares of common stock immediately
prior to conversion.  The Series A Preferred Stock are convertible
at the option of the holder, except that (i) if there is a change
in control before Sept. 2, 2017, or (ii) any time after Sept. 2,
2017, the Company has the option to automatically convert the
Series A Preferred Stock into common stock.

The holders of Series A Preferred Stock are not entitled to receive
any dividends and have no voting rights (except that the Company
may only take certain corporate actions with the approval of a
majority of the outstanding shares of Series A Preferred Stock).
Further, upon liquidation, dissolution or winding up of the
Company, the holders of Series A Preferred Stock will receive
distributions on par with and on a pro rata basis with the common
stockholders as though the Series A Preferred Stock had been
converted at the time of such liquidation, dissolution or winding
up of the Company.

The Investors in the Offering have also received piggy-back
registration rights with respect to the shares of common stock
issuable upon conversion of the Series A Preferred Stock.

In connection with the Offering, the Company retained a placement
agent.  The Company agreed to pay the placement agent, subject to
certain exceptions, a cash fee equal to eight percent of the
aggregate gross proceeds raised by the Placement Agent in the
Offering plus the reimbursement of certain out-of-pocket expenses.

The Series A Preferred Stock was offered and sold pursuant to an
exemption from registration under Section 4(a)(2) and Regulation D
of the Securities Act.

                      About Elephant Talk

Lutz, Fla.-based Elephant Talk Communications, Inc. (OTC BB: ETAK)
-- http://www.elephanttalk.com/-- is an international provider of
business software and services to the telecommunications and
financial services industry.

Elephant Talk reported a net loss of $5.00 million on $31.0
million of revenues for the year ended Dec. 31, 2015, compared to a
net loss of $21.9 million on $20.4 million of revenues for the year
ended Dec. 31, 2014.

As of June 30, 2016, the Company had $22.5 million in total
assets, $20.0 million in total liabilities and $2.53 million in
total stockholders' equity.

Squar Milner, LLP (formerly Squar Milner, Peterson, Miranda &
Williamson, LLP), in Los Angeles, California, issued a "going
concern" qualification on the consolidated financial statements for
the year ended Dec. 31, 2015, citing that the Company has suffered
recurring losses from operations, has an accumulated deficit of
$256 million and has negative working capital.  This raises
substantial doubt about the Company's ability to continue as a
going concern, the auditors said.


EMPYREAN TOWERS: Trustee Selling Oakland Property for $4.8M
-----------------------------------------------------------
Randy Sugarman, the Chapter 11 Trustee of Empyrean Towers, LLC,
asks the U.S. Bankruptcy Court for the Northern District of
California to authorize the sale of real property located commonly
known as 1300 Webster Street, Oakland, California, also known as
340-348 13th Street, Oakland, California, APN # 002-0065-011, to
Resources for Community Development or its assignee ("RCD") for
$4,800,000.

A hearing on the Motion is set for Oct. 19, 2016 at 2:00 p.m.

On March 4, 2016, the Court entered an order permitting the Trustee
to enter into an option agreement for RCD, a California nonprofit
public benefit corporation, to purchase the property ("RCD Purchase
Option").  The RCD Purchase Option provides RCD with an option to
purchase the Property.

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

      http://bankrupt.com/misc/Empyrean_Towers_466_Sales.pdf

The RCD Purchase Option requires the Trustee to obtain an order to
sell the property free and clear of all liens, interests,
encumbrances and claims of any nature in accordance with 11 U.S.C.
Section 363(f).  By the motion, the Trustee seeks a free and clear
order that transfers all liens, interests, encumbrances and claims
against the Property, other than Notices of Violation, to the
proceeds of sale.

The pertinent provisions of the RCD Purchase Option are:

   a. Purchase Price: $4,500,000;

   b. Deposits for which no credit towards the RCD Purchase
Option's purchase price will be given: (i) first deposit of
$50,000; (ii) second deposit of $150,000; and (ii) third deposit of
$100,000;

   c. Total: $4,800,000.

Further, the RCD Purchase Option allows RCD to extend the closing
date for the purchase up to 60 additional days by providing a
Fourth Deposit in the amount of $100,000, for which no credit
towards the RCD Purchase Option's purchase price will be given.

Assuming that RCD exercises its option to purchase the property,
the overall payments by RCD to the Trustee in the amount of
$4,800,000 upon RCD's exercise of the RCD Purchase Option (without
taking into account the $100,000 Fourth Deposit) are nearly equal
to the aggregate value of all liens on the property of which the
Trustee is aware.

Secured claims asserted appeared to total approximately $5,175,866,
as follows:

   a. Alameda County Tax Collector, per Claim No. 2: $42,854
   b. East West Bank, per Claim No. 1: $2,184,165
   c. Richard Singer, per Claim No. 4: $120,215
   d. Sang San Tse, per Schedule D: $400,000
   e. Sang San Tse, per Schedule D: $980,000
   f. City of Oakland, per Claim No. 69: $348,632
   g. Serene Loans – Drawn to date $1,100,000

The true amount of liens against the property is less due to
various bona fide disputes.  First, the Trustee has filed an
adversary proceeding to avoid the Sang San Tse liens in the total
amount of $1,380,000.  To date, the Trustee is unaware of any
evidence that any portion of the alleged Sang San Tse debt listed
in the Schedules is legitimate.  Without that alleged debt, the
liens against the Property total $3,795,866, over $1,000,000 less
than the secured debt against the property.

Furthermore, the Trustee contends East West Bank claim will be
allowed in an amount that is significantly less than $2,184,165
because of (a) the Bank's knowledge of the condition of the
property and (b) necessary claim Calculation adjustments.  Finally,
the City of Oakland's asserted secured claim is largely based on
over $240,000 of attorneys' fees calculated for the staff at the
Office of the City Attorneys plus outside counsel fees of nearly
$100,000.  Whether those claims can appropriately constitute a
secured claim will need to be determined.  Moreover, at the Court's
suggestion, the City of Oakland agreed to reduce its claim in
certain circumstances by $600,000.  Whether the reduction would
affect the asserted lien is not clear.

The Purchaser can be reached at:

          RESOURCES FOR COMMUNITY DEVELOPMENT
          2220 Oxford Street
          Berkeley, CA 94704
          Attn: Executive Director
          E-mail: DSawislak@rcdhousing.org

                    About Empyrean Towers

Empyrean Towers, LLC, sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. N.D. Cal. Case No. 15-42341) on July 30,
2015.  The petition was signed by Alice Tse, manager.

The Debtor is represented by Eric A. Nyberg, Esq., at Kornfield,
Nyberg, Bendes and Kuhner, P.C.  The case is assigned to Judge
Roger L. Efremsky.

The Debtor disclosed total assets of $6 million and total debt of
$5.2 million.


ENERGY FUTURE: Court OKs EFIH First Amended Credit Agreement
------------------------------------------------------------
BankruptcyData.com reported that the U.S. Bankruptcy Court issued
an order approving Energy Future Intermediate Holdings (EFIH) and
EFIH Finance's motion for entry of an order (a) authorizing the
EFIH Debtors to enter into a first amendment to the EFIH
debtor-in-possession credit agreement, (b) authorizing entry into
an engagement letter, (c) authorizing payment of related fees and
expenses, (d) authorizing the use of cash collateral and (e)
modifying automatic stay.  As previously reported, "The EFIH First
Lien DIP Credit Agreement and the EFIH Debtors' use of EFIH Cash
Collateral (as defined in the EFIH First Lien DIP Motion) expire on
December 19, 2016. For the EFIH Debtors to maintain postpetition
financing while they complete their chapter 11 reorganization --
including a merger transaction, estimated to close in early 2017 --
the EFIH Debtors seek to (a) extend the maturity of the EFIH First
Lien DIP Facility and use of EFIH Cash Collateral by approximately
six months, from December 19, 2016 to June 30, 2017; (b) provide
the EFIH Debtors the right to extend the EFIH First Lien DIP
Facility for an additional six months, from June 30, 2017 to
December 30, 2017; and (c) increase the principal amount of the
EFIH First Lien DIP Facility by $75 million, from $5,400 million to
$5,475 million . . .  The EFIH First Lien DIP Facility contains a
covenant requiring the EFIH Debtors to maintain at all times at
least $150 million of liquidity.  For the EFIH Debtors to comply
with such covenant through at least June 30, 2017, the EFIH Debtors
seek to increase the principal amount of the EFIH First Lien DIP
Facility by $75 million, from $5,400 million to $5,475 million."
The Court also approved the Debtors motion to file under seal
certain fees in connection with the proposed amendment as well as
an order directing that this information remain under seal and not
be made available to anyone without the consent of the EFIH Debtors
and Deutsche Bank Securities, the lead arranger, except to (i) the
Court, (ii) the office of the U.S. Trustee on a confidential basis
and (iii) the advisors to Energy Future Holdings' creditors'
committee.

                     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.


ENERGY FUTURE: Files 4th Plan & Disclosure Statement
----------------------------------------------------
BankruptcyData.com reported that Energy Future Holdings (EFH) filed
with the U.S. Bankruptcy Court a Fourth Amended Joint Plan of
Reorganization and related Disclosure Statement.  According to the
Disclosure Statement, "The EFH Creditor Recovery Pool and the EFIH
Creditor Recovery Pool, each as defined in the Plan, generally
consist of a combination of EFH stock (that will be exchanged for
NextEra Common Stock in the Merger) and Cash. The Merger Agreement
and Plan provide that Holders of Unsecured Claims against EFH and
EFIH will receive consideration consisting of both EFH stock (that
will be exchanged for NextEra Common Stock in the Merger) and Cash,
as determined by allocation provisions contained in the Merger
Agreement and the Plan. The primary reason for the allocation
mechanisms in the Merger Agreement and the Plan is to ensure that
the tax law's requirement for 'continuity of interest' is
satisfied, both with respect to the Merger and, to the extent
applicable, with respect to the Spin-Off. In general, the Debtors
anticipate that the majority, and potentially all, of the recovery
received by Holders of Unsecured Claims against EFIH will be Cash,
while Holders of Unsecured Claims against EFH will receive both EFH
stock (that will be exchanged for NextEra Common Stock in the
Merger) and Cash...  The EFIH Unsecured Notes Claim are Allowed in
an amount equal to the sum of (x)(i) the principal amount
outstanding in the amount of $1,568,249,000; (ii) accrued but
unpaid prepetition interest in the amount of $81,115,347; (iii)
accrued postpetition interest on the principal amount outstanding
as of the Petition Date at the Federal Judgment Rate; and (iv) the
amount of any other Claims (but in any case excluding any Makewhole
Claims) under the EFIH Unsecured Notes or EFIH unsecured Note
Indentures, if and to the extent such Claims are Allowed, whether
Allowed before, on, or after the EFH Effective Date and (y) the
Charging Lien Advance."

                       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).

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.


ENERGY FUTURE: Plan Confirmation Hearing Set for Dec. 1
-------------------------------------------------------
The U.S. Bankruptcy Court in Delaware is set to hold a hearing on
Dec. 1, at 10:00 a.m. (prevailing Eastern Time), to consider
confirmation of the Chapter 11 plan of reorganization of Energy
Future Holdings Corp.

The deadline for creditors to vote on the plan is Nov. 15, at 4:00
p.m., according to the company's disclosure statement explaining
its latest plan filed on September 15.

The latest plan contains additional provision on the treatment of
Class B6 general unsecured claims against Energy Future
Intermediate Holding Company LLC and EFIH Finance, Inc.

According to the plan, holders of EFH Beneficiary Claims are
entitled to receive, in addition to their other recoveries as
Allowed EFH Corp. Claims, their Pro Rata share of the TCEH
Settlement Claim Turnover Distribution in an aggregate amount not
to exceed $37.8 million.

Any Class B6 claim derived from or based upon the EFIH first lien
or the second lien notes will be allowed if and to the extent such
claim will be an allowed Class B3 claim under Article III.B.19 of
the plan, or an allowed Class B4 claim under the EFIH second lien
note claims, as applicable, were defined to include unsecured
claims derived from or based upon the EFIH first lien or second
lien notes, as applicable.

A copy of the disclosure statement is available for free at
https://is.gd/Oa9AAj

                     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.


ENERGY FUTURE: TCEH Seeks Estimation of Asbestos Claims Fund
------------------------------------------------------------
BankruptcyData.com reported that Energy Future Holdings Debtor
affiliate Texas Competitive Electric Holdings Company (TCEH),
together with its direct parent company, Energy Future Competitive
Holdings Company (EFCH) and certain of TCEH's direct and indirect
subsidiaries filed with the U.S. Bankruptcy Court a motion for
entry of an order determining the maximum value for distribution
purposes only of the asbestos bodily injury claims filed against
the TCEH Debtors. The motion explains, "In connection with the
Asbestos Bar Date, claimants filed approximately 32,000 Asbestos
Proofs of Claim. Based on the Debtors' and their advisors'
preliminary analysis of the Asbestos Proofs of Claim, the Debtors
have preliminarily identified approximately 5,000 Asbestos Proofs
of Claim asserted against the TCEH Debtors (the 'TCEH Asbestos
Claims')....As noted in Exhibit F to the TCEH Disclosure Statement,
the Debtors anticipate that the aggregate liability of the Class C5
Claims will be approximately $145,000,000.  The TCEH Debtors
believe that $17.2 million is a reasonable representation of the
nominal maximum aggregate value of the TCEH Asbestos Claims, solely
for purposes of calculating distributions to Holders of Allowed
Class C4 and C5 Claims."  The motion continues, "After a thorough
review of the TCEH Debtors' claims history and these chapter 11
cases, Dr. Vasquez has identified a reasonable estimate of the
aggregate maximum potential value of the TCEH Asbestos Claims.  In
the Summary Ankura Report, Dr. Vasquez examined the prepetition
asbestos bodily injury claims filed against the TCEH Debtors,
including settled claims, claims dismissed with zero settlement
payment, and the handful of asbestos claims filed against the TCEH
Debtors that were pending at the Petition Date."  The Court
scheduled an October 21, 2016 hearing to consider the motion, with
objections due by Oct. 6, 2016.

                       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).

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.


ESSAR STEEL: Ontario Court Extends Stay of CCAA Proceedings
-----------------------------------------------------------
Essar Steel Algoma Inc. obtained an Order on Sept. 23, 2016, from
the Ontario Superior Court of Justice extending the stay of
proceedings under the Companies' Creditors Arrangement Act (CCAA)
to January 31, 2017.  The Court further approved an amendment and
extension to the existing Debtor-in-Possession financing facility
(the "DIP") with a corresponding maturity of January 31, 2017,
which provides the Company with an additional USD $35 million of
liquidity.

Essar Steel Algoma further confirms that the majority of its Term
Lenders and Senior Secured Noteholders have advised that they have
reached agreement on a Recapitalization Proposal (the "Proposal")
for the Company which contemplates either a restructuring plan or
the acquisition of substantially all of the assets of Essar Steel
Algoma.  The Proposal contemplates an investment of up to US$425
million, a reduction of the Company's funded debt by approximately
US$1.15 billion and a reduction in annual cash interest expense by
approximately US$125 million, thereby providing improved liquidity
and financial flexibility.

Essar Steel Algoma Chief Executive Officer Kalyan Ghosh commented
on [Fri]day's developments, "We are very pleased to see an
overwhelming majority of our secured lenders unifying to present a
plan for the future of Algoma.  This cooperation signals a
collaborative approach and we look forward to working with them,
the USW, the various levels of government, and all other
stakeholders towards a final plan that achieves our shared goal of
a stronger, more competitive Algoma.  In the interim, the stay
extension and the DIP amendment will provide the Company with the
stability required to continue operations, secure its winter raw
material build, and see this process through to a successful
transaction."

The terms of the Recapitalization Proposal are described in the
Restructuring Support Agreement, dated as of September 15, 2016,
among the Consenting Lenders and the Consenting Noteholders.

                        About Essar Steel

Headquartered in Sault Ste. Marie, Ontario, Canada, Essar Steel
Algoma Inc. is an integrated steel producer.  Essar Steel operates
one of Canada's largest integrated steel manufacturing facilities.


Approximately 80% to 85% of ESA's sales are sheet products with
plate products accounting for the balance.  For the 12 months
ending Dec. 31, 2013, ESA generated revenues of C$1.8 billion.

Robert J. Sandoval filed a petition under Chapter 15 of the U.S.
Bankruptcy Code for Essar Steel Algoma Inc., and its debtor
affiliates on July 16, 2014, following the companies' initiation of
a reorganization under Canada's Companies' Creditors Arrangement
Act.  The lead case is Essar Steel Algoma Inc., Case No. 14-11730
(D. Del.).  

The Chapter 15 case is assigned to Judge Brendan Linehan Shannon.

Essar Steel's counsel in the Chapter 15 case is Daniel J.
DeFranceschi, Esq., and Amanda R. Steele, Esq., at Richards, Layton
& Finger, P.A., in Wilmington, Delaware.


FANSTEEL INC: Wants to Use TCTM Cash Collateral
------------------------------------------------
Fansteel, Inc., and subsidiaries Wellman Dynamics Corporation and
Wellman Dynamics Machinery & Assembly Inc., ask the U.S. Bankruptcy
Court for authorization to use cash collateral.

The Debtors submitted a proposed Four-Week Budget, covering the
period from Sept. 19, 2016 to Oct. 7, 2016, and projecting total
expenses in the amount of $616,191.

The Debtors believe that TCTM Financial FS, LLC holds validly
perfected and enforceable liens on and security interests in, among
other things, the Debtors' accounts, inventory, equipment,
machinery and general intangibles, and all proceeds thereof.

In consideration for the Debtors' use of the Cash Collateral and as
adequate protection for any diminution in the value of TCTM's
security interests, the Debtor proposes to grant to TCTM:

     (a) a validly perfected first priority lien on and security
interest in the Debtors' postpetition Collateral subject to
existing valid, perfected and superior liens in the Collateral held
by other creditors, if any, and the Carve-Out, in an amount not to
exceed $250,000;

     (b) a super-priority claim that shall have priority in the
Debtors' bankruptcy case over all priority claims and unsecured
claims against the Debtor and its estate, subject and subordinate
only to the Carve-Out and not to any other unsecured claim, having
administrative priority or otherwise.

     (c)  the Debtors will make post-petition monthly payments in
an amount equal to the amount paid pre-petition, as further
adequate protection, pursuant to the Debtors' pre-petition loan
documents, unless the Debtor and TCTM agree to a different or
lesser amount.

A full-text copy of the Motion dated September 13, 2016 is
available at https://is.gd/7bXOpB


Fansteel, Inc. and its affiliated Debtors are represented by:

          Jeffrey D. Goetz, Esq.
          BRADSHAW FOWLER PROCTOR & FAIRGRAVE, PC
          801 Grand Avenue, Suite 3700
          Des Moines, IA 50309-8007
          Tel: 515/246-5817
          Fax: 515/246-5808
          Email: goetz.jeffrey@bradshawlaw.com


                        About Fansteel, Inc.

Fansteel, Inc. dba Fansteel Intercast dba Fansteel Wellman Dynamics
dba Fansteel American Sintered Technologies under (Bankr. S.D. Iowa
Case No. 16-01823); Wellman Dynamics Corporation under (Bankr. S.D.
Iowa Case No. 16-01825); and Wellman Dynamics Machinery & Assembly,
Inc. under (Bankr. S.D. Iowa Case No. 16-01827) filed Chapter 11
petitions on September 13, 2016.  The petitions were signed by Jim
Mahoney, CEO.

The Debtors are represented by Jeffrey D. Goetz, Esq. and Krystal
R. Mikkilineni, Esq., at Bradshaw Fowler Proctor & Fairgrave, PC.
The Debtors disclosed $32.9 million in total assets and $41.97
million in total liabilities.


FASHION STYLE: Disclosures Conditionally OK'd; Hearing on Oct. 5
----------------------------------------------------------------
The Hon. Mildred Caban Flores of the U.S. Bankruptcy Court for the
District of Puerto Rico has conditionally approved Fashion Style,
Inc.'s disclosure statement describing the Debtor's plan of
reorganization.

The Debtor filed the Disclosure Statement on Aug. 26, 2016.

A hearing for the consideration of the final approval of the
Disclosure Statement and the confirmation of the Plan will be held
on Oct. 5, 2016, at 9:00 a.m.

Any objection to the final approval of the Disclosure Statement and
the confirmation of the Plan will be filed on or before 14 days
prior to the date of the hearing on confirmation of the Plan.

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

Acceptances or rejections of the Plan may be filed in writing by
the holders of all claims on or before 14 days prior to the date of
the hearing on confirmation of the Plan.

Fashion Style, Inc., filed for Chapter 11 bankruptcy protection
(Bankr. D.P.R. Case No. 16-02239) on March 22, 2016, estimating its
assets and liabilities at between $50,001 and $100,000 each.  Wanda
I. Luna Martinez, Esq., at Luna Law Offices serves as the Debtor's
bankruptcy counsel.


FIAT CHRYSLER: DBRS Confirms BB(low) Long-Term Ratings
------------------------------------------------------
DBRS Limited confirmed the long-term ratings of Fiat Chrysler
Automobiles N.V. (FCA or the Company) at BB (low). Concurrently,
pursuant to "DBRS Criteria: Recovery Ratings for Non-Investment
Grade Corporate Issuers", the instrument rating of FCA's Senior
Unsecured Debt is also confirmed at BB (low), given the assessed
recovery rating of RR4. The trend on the ratings has been changed
to Positive (from Stable). The trend change reflects FCA's improved
financial risk profile as a function of its spin-off of Ferrari
N.V. (Ferrari) in addition to the removal of the ring-fencing of
FCA US LLC (FCA US) from the rest of FCA Group. These developments,
amid improving earnings performance have effectively migrated FCA's
credit metrics to levels above the currently assigned ratings.

The Company's financial profile has materially benefitted from the
Ferrari spin-off. Net proceeds of the Ferrari IPO (of 10% of the
company with the remaining 80% being distributed to FCA
shareholders and mandatory convertible debtholders) amounted to EUR
0.9 billion, and the Ferrari IPO and subsequent spin-off in
aggregate ultimately had a positive EUR 1.5 billion impact on FCA's
net industrial indebtedness. Furthermore, FCA's liquidity has also
been considerably reinforced by the removal of the ring-fencing
(achieved through prepayment / renegotiation of certain
indebtedness) of FCA US. As a result, FCA now has unfettered access
to FCA US's sizeable cash balances (that as of year-end 2015
exceeded EUR 10 billion) with the Company now able to implement a
unified financial policy and platform. (DBRS notes further that the
ring-fencing removal also triggered the availability of FCA's
second EUR 2.5 billion tranche of its revolving credit facility,
further bolstering available liquidity.)

FCA's earnings and cash flow generation have also moderately
improved over the 12-month period ending June 30, 2016, primarily
due to firmer results in the NAFTA region. Profitability of the
EMEA segment also increased, although margins remain at modest
levels with the segment still accounting for only a minor portion
of consolidated earnings. Across other regions, losses narrowed in
Latin America albeit persisted amid ongoing very challenging
regional industry conditions. In Asia Pacific earnings contracted
in line with negative product mix (mostly occurring in Q1 2016) and
weaker volumes in China (associated with the transition to the
localized production of Jeep models) and Australia. Regarding FCA's
luxury segment, now wholly represented by Maserati, profitability
last year was adversely impacted by weaker demand in key markets
such as China and North America, with earnings through the first
half of this year being undermined by product launch costs for the
new Levante sport-utility vehicle and restyled Quattroporte.

Notwithstanding the above-cited progresses, the Company still faces
challenges. While earnings have been improving, free cash flow
generation is likely to remain limited amid substantial planned
capital expenditures of the Company as per its existing business
plan that extends through 2018. Moreover, while the spin-off of
Ferrari benefitted FCA's financial risk profile, DBRS notes that
the Company's business risk assessment has been somewhat negatively
affected, reflecting the lost earnings power of one of the
industry's leading luxury brands that generates very strong margins
while typically being highly resilient to cyclical downturns. DBRS
also views with caution the Company's realignment of its
manufacturing capacity in NAFTA to deliberately further overweight
its dependence on trucks and utility vehicles (that already
represented 68% of FCA's U.S. sales in 2015) at the expense of cars
and multipurpose vehicles.

DBRS however recognizes the Company's improved credit metrics and,
assuming FCA's recent operating performance remains on track, would
anticipate upgrading FCA's ratings within the first quarter of
2017. DBRS acknowledges that the Company is subject to various
investigations, including that of the U.S. Securities and Exchange
Commission and Department of Justice with respect to FCA US's
regional sales reporting practices. DBRS has not anticipated nor
incorporated (in this rating action) any materially negative
consequence to FCA as a result of such investigations, (although
unexpected substantially adverse outcomes could potentially trigger
a review of the ratings).

Notes:

All amounts are in euros unless otherwise specified.

Fiat Chrysler Automobiles N.V., unconditionally guarantees Fiat
Chrysler Finance Canada Ltd. debt.

The related regulatory disclosures pursuant to the National
Instrument 25-101 Designated Rating Organizations are hereby
incorporated by reference and can be found by clicking on the link
to the right under Related Research or by contacting us at
info@dbrs.com.

This rating is endorsed by DBRS Ratings Limited for use in the
European Union.

The applicable methodologies are Rating Companies in the Automotive
Manufacturing Industry and Global Methodology for Rating Finance
Companies, which can be found on our website under Methodologies.

DBRS will publish a full report shortly that will provide
additional analytical detail on this rating action. If you are
interested in receiving this report, contact us at info@dbrs.com.

RATINGS

Issuer             Debt Rated         Rating Action       Rating
Fiat Chrysler      Issuer Rating      Trend Change        BB (low)
Automobiles N.V.

Fiat Chrysler      Senior Unsecured   Trend Change        BB (low)
Automobiles N.V.   Debt

Fiat Chrysler      Senior Unsecured   Trend Change        BB (low)
Finance Canada     Debt
Ltd.


FINJAN HOLDINGS: Awarded $15M in Damages by California Jury
-----------------------------------------------------------
Finjan Holdings, Inc., announced that the jury in Finjan, Inc. v.
Sophos, Inc. (3:14-cv-01197-WHO) returned a verdict that all five
Finjan Patents were found literally infringed by Sophos.  The jury
also decided that Finjan was entitled to $15 million in damages for
Sophos' infringement.  The verdict, reached on Sept. 21, 2016,
followed a two-week trial before the Hon. William H. Orrick of the
U.S. District Court for the Northern District of California.

Finjan has pending infringement lawsuits against FireEye, Inc.,
Symantec Corp., Palo Alto Networks., Blue Coat Systems, Inc., and
ESET and its affiliates relating to, collectively, more than 20
patents in the Finjan portfolio.  The court dockets for the
foregoing cases are publicly available on the Public Access to
Court Electronic Records (PACER) website, www.pacer.gov, which is
operated by the Administrative Office of the U.S. Courts.

                          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.


FINJAN HOLDINGS: Five Cybersecurity Patents Held Valid
------------------------------------------------------
Finjan Holdings, Inc., announced that the jury in Finjan, Inc. v.
Sophos, Inc. (3:14-cv-01197-WHO) returned a unanimous verdict in
favor of its wholly-owned subsidiary, Finjan, Inc.

Specifically, the jury found that all asserted claims of Finjan's
U.S. Patent Nos. 6,154,844 ('844 Patent), 8,677,494 ('494 Patent),
6,804,780 ('780 Patent), 7,613,926 ('926 Patent), and the 8,141,154
('154 Patent), were literally infringed by Sophos. Additionally,
the jury found all of Finjan's asserted patents and claims to be
valid.  The verdict, reached on Sept. 21, 2016, followed a two-week
trial before the Honorable William H. Orrick III of the U.S.
District Court for the Northern District of California.

Finjan accused Sophos' Unified Threat Management gateway and
endpoint products, as well as its cloud-base Live Protection
security offering of infringing the asserted claims of the Finjan
Patents.

As a result of the jury's findings, it awarded Finjan $15 million
as a payment "for the life of" the five asserted patents.  The jury
did not find willful infringement by Sophos.  The Sept. 21, 2016,
Jury Verdict Form (Document 398) can be found on the Finjan website
at https://www.finjan.com/news-media/in-the-news

"We are grateful for the time and energy each juror took to arrive
at the verdict," said Julie Mar-Spinola, Finjan Holdings' chief
intellectual property officer and VP, Legal.  "As this marks
Finjan's second jury win in a row within 13 months, with a
litigation settlement and license in-between, I am satisfied that
we have established Finjan's credibility brand of licensing and
enforcing durable patents.  Finjan's patents cover highly relevant
cybersecurity technologies needed in today's cyber world, and were
developed internally years ago.  In August of 2015, a separate
California jury found Blue Coat Systems infringed five of
Finjan’s patents and awarded Finjan $39.5M.  In June 2016, Finjan
settled with Proofpoint and granted it a patent license for $10.9M.
At Finjan, we remain committed to our licensing best practices and
will continue to present our patent infringement claims
transparently to establish the merits of our case."

Finjan was well-represented by Paul Andre, Lisa Kobialka, James
Hannah, Hannah Lee, Kris Kastens, and and a host of many other
significant and talented contributors from the law offices of
Kramer Levin Naftalis & Frankel in Menlo Park, CA.

Finjan has pending infringement lawsuits against FireEye, Inc.,
Symantec Corp., Palo Alto Networks, Blue Coat Systems, Inc., and
ESET and its affiliates relating to, collectively, more than 20
patents in the Finjan portfolio.  The court dockets for the
foregoing cases are publicly available on the Public Access to
Court Electronic Records (PACER) website, www.pacer.gov, which is
operated by the Administrative Office of the U.S. Courts.

                        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.


FINTON CONSTRUCTION: Wants to Continue Using Cash for 90 Days
-------------------------------------------------------------
Finton Construction, Inc., asks the U.S. Bankruptcy Court for the
Southern District of Florida for authorization to continue using
cash collateral for an additional 90 days.

The Debtor is currently authorized to use cash collateral until
Sept. 28, 2016.

The Debtor is indebted to Bank of Manhattan, now known as Plaza
Bank, in the amount of $299,972, pursuant to a Business Loan
Agreement.  The Debtor proposes to maintain its payments to Plaza
Bank in accordance with the loan documents.

The Debtor relates that it requires the use of cash collateral to,
among other things, fund all necessary operating expenses of the
Debtor's business, as well as pay for regular and ordinary expenses
of the Debtor.

The Debtor's proposed Monthly Budget provides for total projected
expenses in the amount of $114,305 for the month of September 2016;
$110,458 for the month of October 2016; $108,988 for each of the
months of November 2016 and December 2016; $108,384 for the month
of January 2017; and $107,695 for the month of February 2017.

The Debtor tells the Court that it will suffer immediate and
irreparable harm if it is not authorized to use cash collateral to
fund the items set forth in its Budget.  The Debtor further tells
the Court that without such authorization, the Debtor will not be
able to maintain and protect its business and property and continue
operations.  The Debtor adds that the use of cash collateral is
also required in order to make adequate protection payments to
Plaza Bank.

The Debtor proposes to provide Plaza Bank with adequate protection
in the form of regular payments based upon the Plan as proposed by
the Debtor.

A full-text copy of the Debtor's Motion, dated Sept. 20, 2016, is
available at https://is.gdWyYwrm

A full-text copy of the proposed Budget, dated Sept. 20, 2016, is
available at https://is.gd/WhpKqO

                    About Finton Construction

Finton Construction, Inc., sought protection under Chapter 11 of
the Bankruptcy Code (Bankr. S.D. Fla. Case No. 16-19221) on June
30, 2016.  The petition was signed by John Finton, president.
  
The case is assigned to Judge Laurel M. Isicoff.  The Debtor is
represented by David L. Merrill, Esq., at Merrill PA.

At the time of the filing, the Debtor estimated its assets at $0 to
$50,000 and debt at $1 million to $10 million.

The Debtor operates as a construction company that builds the
finest homes in the United States and overseas, with primary
operations occurring on Star Island in Miami-Dade County, Florida.


FIRST DATA: Barbara Yastine Elected as Director
-----------------------------------------------
The Board of Directors of First Data Corporation voted to expand
the number of directors that constitute the Board from eight to
nine and elected Barbara A. Yastine as a director.  The Board also
appointed Ms. Yastine as the chairperson of the Audit Committee.

Ms. Yastine served as a director and co-chief executive officer of
Lebenthal Holdings, LLC from September 2015 to June 2016.  She
previously served as chair, president, and chief executive officer
of Ally Bank from March 2012 to September 2015, and as chief
administrative officer of Ally Financial, overseeing the risk,
compliance, legal and technology areas, and Chair of Ally Bank,
from May 2010 to March 2012.

Prior to joining Ally Financial, she served as a principal of
Southgate Alternative Investments, a start-up diversified
alternative asset manager, beginning in June 2007.  She served as
chief financial officer for investment bank Credit Suisse First
Boston from October 2002 to August 2004.  From 1987 through 2002,
Ms. Yastine worked at Citigroup and its predecessor companies.  Ms.
Yastine also is a member of the Board of Directors of Primerica,
Inc.  She received a B.A. in Journalism and an M.B.A. from New York
University.

Ms. Yastine will receive the compensation for nonemployee directors
not associated with Kohlberg Kravis Roberts & Co.

There are no arrangements or understandings between Ms. Yastine and
any other person pursuant to which she was selected to become a
member of the Board.  There also are no transactions between Ms.
Yastine and FDC or any subsidiary of FDC that are reportable under
Item 404(a) of Regulation S-K.

                       About First Data

Based in Atlanta, Georgia, First Data Corporation provides
commerce and payment solutions for financial institutions,
merchants, and other organizations worldwide.

First Data reported a net loss attributable to the Company of $1.48
billion on $11.5 billion of total revenues for the year ended Dec.
31, 2015, compared to a net loss attributable to the Company of
$458 million on $11.2 billion of total revenues for the year ended
Dec. 31, 2014.

As of June 30, 2016, First Data had $34.2 billion in total assets,
$30.4 billion in total liabilities, $74 million in redeemable
non-controlling interest, and $3.74 billion in total equity.

                          *     *     *

The Company carries a 'B2' corporate family rating, with a
stable outlook, from Moody's Investors Service, a 'B+' corporate
credit rating, with stable outlook, from Standard & Poor's, and
a 'B' long-term issuer default rating from Fitch Ratings.


FOAM DESIGN: Unsec. Creditors Expect 10.69% Recovery Under Plan
---------------------------------------------------------------
New Foam Design Inc. filed with the U.S. Bankruptcy Court for the
Southern District of Florida an amended disclosure statement in
support of its Chapter 11 Plan of Reorganization dated
Sept. 16, 2016, whose goal is to generate sufficient income from
its revenues to provide a distribution to general unsecured claims
after satisfying secured, administrative and priority claims.

Under the Plan, unsecured creditors are expected to have a 10.69%
recovery on their claims.  Class 3 General Unsecured Creditors will
share pro rata in a total distribution of $20,000, which will be
paid over 5 years from the plan effective date.  However, any
allowed unsecured general claimant to receive a total distribution
of $250 or less will be paid in a lump sum on the Plan Effective
Date.

A full-text copy of the Amended Disclosure Statement dated Sept.
16, 2016 is available at:

         http://bankrupt.com/misc/flsb15-15386-82.pdf

The Debtor's attorney is:

          Chad T. Van Horn, Esq.
          Van Horn Law Group, P.A.
          330 N. Andrews Ave., Suite 450
          Fort Lauderdale, Florida 33301
          Tel No: (954) 765-3166
          Fax No: (954) 756-7103
          E-mail: Chad@cvhlawgroup.com

                         About New Foam

New Foam Design, Inc., sought bankruptcy protection (Bankr. S.D.
Fla. Case No. 15-15386) on March 25, 2015.  The Debtor is a
for-profit Florida corporation that fabricates custom architectural
foam shapes for use in commercial and residential applications.
Chad T. Van Horn, Esq., at VAN HORN LAW GROUP, P.A., represents the
Debtor.


FOCUS BRANDS: Moody's Rates $625MM Sr. Secured Bank Facility
------------------------------------------------------------
Moody's Investors Service assigned a B2 rating to Focus Brands
Inc.'s proposed $625 million senior secured bank facility and
affirmed the company's B2 Corporate Family Rating, B2-PD
Probability of Default Rating, and existing debt ratings. The
rating outlook is stable.

"The refinancing addresses relatively near term maturities as the
company's capital structure was set to go current in 2017, and does
not materially change in leverage or interest coverage," stated
Peter Trombetta, an Analyst at Moody's. "The refinancing also
eliminates financial maintenance covenants and the credit agreement
allows for incremental debt that the company could use for
acquisitions in the future," added Trombetta.

The proceeds of the $625 million bank facility -- made up of a $25
million 5-year senior secured revolver and a $600 million 7-year
senior secured term loan -- will be used to refinance the company's
existing first and second lien term loans ($588 million
outstanding), put $5 million on the balance sheet, and pay fees and
expenses.

Ratings assigned:

   -- $25 million 5-year senior secured revolver at B2 (LGD3)

   -- $600 million 7-year senior secured term loan at B2 (LGD3)

Ratings affirmed:

   -- Corporate Family Rating at B2

   -- Probability of Default Rating at B2-PD

Ratings affirmed and to be withdrawn:

   -- $15 million first lien senior secured revolver due 2017 at
      B1 (LGD3)

   -- $423 million (outstanding) first lien senior secured term
      loan due 2018 at B1 (LGD3)
   
   -- $165 million (outstanding) second lien senior secured term
      loan due 2018 at Caa1 (LGD5)

RATINGS RATIONALE

The affirmation of Focus' B2 Corporate Family Rating reflects the
company's high leverage -- Moody's adjusted debt/EBITDA is 5.7x pro
forma for the proposed transaction -- given its modest size
relative to similarly rated peers in terms of revenue and earnings.
The company raised debt in fiscal 2012 and 2013 to fund two large
dividends and the acquisition of McAlister's Deli. Also
constraining the ratings are Focus Brands' limited tangible asset
base driven by its franchise-based business model and our view of
limited product diversity within the brands that operate in the
"Snack" category. The rating is supported by Focus Brands' ample
free cash flow, multi-branded restaurant portfolio, the geographic
diversity of its consolidated system, good brand recognition of
certain of its concepts, and the relatively stable earnings stream
and higher margins due to its franchise-based business model. The
company's liquidity is good, supported by its free cash flow,
modest revolver availability and only a springing financial
covenant on the revolver. While leverage is considered high, the
company has been able to reduce leverage from about 7.0x at the end
of fiscal 2013 through earnings growth and voluntary debt
reduction.

The stable rating outlook reflects Moody's expectation that absent
any acquisitions, the company will be able to achieve leverage and
interest coverage of about 5.0x and 2.4x at the end of 2017,
respectively.

The rating on the proposed bank facility is B2 -- the same as the
company's Corporate Family Rating -- as it makes up the entirety of
the company's debt and lacks any support from junior debt in the
capital structure.

To achieve an upgrade, the company will need to demonstrate the
willingness and ability to sustain lease-adjusted debt/EBITDA near
5.0x while maintaining at least good liquidity. Factors that could
lead to a downgrade include a deterioration in operating
performance, particularly through declining system-wide same store
sales or sustained weak customer traffic. An erosion in liquidity
or any additional shareholder friendly activities could also lead
to a ratings downgrade. A downgrade could also occur if the company
were to increase lease adjusted debt leverage to above 6.5x on a
sustained basis.

Focus Brands Inc. owns, operates, and franchises, more than 5,000
restaurants under the brand names Auntie Anne's, Carvel Ice Cream,
Cinnabon, Moe's Southwest Grill, Schlotzsky's, and McAlister's
Deli. The company generated $300 million of adjusted revenue for
the LTM period ending July 31, 2016 and has been owned by an
affiliate of Roark Capital Group since 2001.

The principal methodology used in these ratings was Restaurant
Industry published in September 2015.


FORESIGHT ENERGY: S&P Raises ICR to 'B-' Following Restructuring
----------------------------------------------------------------
S&P Global Ratings raised its issuer credit rating on St.
Louis-based Foresight Energy L.P. to 'B-' from 'D'.  The outlook is
negative.

S&P also assigned its 'CCC' issue-level rating to Foresight's new
$349 million second-lien PIK notes due August 2021, and new
$300 million exchangeable second-lien PIK notes due October 2017.
The recovery rating on the notes is '6', indicating S&P's
expectation of negligible recovery (0% to 10%) in the event of a
payment default.

In addition, S&P raised its issue-level rating on the company's
term loan maturing 2020 to 'B' from 'D', and assigned a 'B'
issue-level rating to the company's revolving credit facility
maturing in 2018.  The recovery rating on this first-lien debt is
'2', indicating S&P's expectation of substantial recovery (70% to
90%; lower end of the range) in the event of a payment default,
revised from '1'.

Finally S&P is withdrawing its 'D' rating on the 7.875% senior
notes due 2021 that have been exchanged.

"The recent restructuring, including exchange of the senior notes,
along with associated amendments resolves the previous conditions
of default, waives certain amortization requirements, and restores
Foresight's access to its revolving credit facility with revised
covenants.  While we view this restructuring as a positive
development and continue to consider Foresight's business risk
profile to be among the strongest in the beleaguered coal space, in
our view, the company's capital structure could become
unsustainable.  We consider Foresight's financial risk profile to
be highly leveraged based on adjusted debt leverage that we
anticipate will remain above 5x, and total interest coverage
(including noncash interest) that we expect to be below 2x over the
next year.  For 2016, our forecasts assume about 20 tons of coal
produced, with average prices essentially flat compared to the
previous year.  We further anticipate that margins, which have been
narrowing, will bottom in 2016," S&P said.

The issuer credit rating also reflects Foresight's control of more
than three billion tons of thermal coal in the Illinois basin, and
its ownership of four longwall mines.  Longwall mines are highly
efficient and productive, and the Illinois basin has favorable
geology.  These factors contribute to Foresight's position as a
low-cost producer of thermal coal.  However, Illinois basin coal
has high sulfur content and is not suitable for use by all power
plants.  Foresight also faces inherent risks associated with
mining, including operating disruptions, increasingly stringent
environmental and safety regulations, and price volatility.
Near-term price volatility is mitigated by contracted sales with
utilities; however, these contracts average only a few years in
duration.

The negative outlook reflects S&P's view that Foresight continues
to face challenges in its capital structure that could lead to
deteriorating credit quality over the next year.  S&P expects
discretionary cash flow (operating cash flow less capital spending
and dividends) to be marginal, despite near-maintenance-level
capital spending and restricted distributions, neither of which is
sustainable in the long term.  S&P expects leverage will continue
to creep up, and while a significant portion is capitalized, total
interest coverage is weak.

S&P could downgrade Foresight if S&P felt the company was dependent
upon favorable business, financial, or economic conditions to meet
its financial commitments.  S&P would also consider a downgrade if
Foresight's financial commitments appeared to be unsustainable in
the long term.  This could be indicated by less than adequate
liquidity or interest coverage sustained below 1x.

S&P could revise the outlook to stable if Foresight resolves its
2017 maturity.  S&P could also revise the outlook to stable if it
considered liquidity to be strong, or if Foresight established a
history of positive discretionary cash flow.


FORT DEARBORN: Moody's Assigns B3 Corporate Family Rating
---------------------------------------------------------
Moody's Investors Service assigned a first-time B3 Corporate Family
Rating to Fort Dearborn Holding Company, Inc. and a B3-PD
Probability of Default rating. Moody's also assigned B2 ratings to
the $75 million senior secured revolver and $455 million first lien
senior secured term loan and a Caa2 rating to the $170 million
second lien term loan. The proceeds of the new credit facilities
along with an equity contribution were used to fund the approximate
$830 million acquisition of Fort Dearborn by funds affiliated with
Advent International from KRG Capital. The ratings outlook is
stable.

"The B3 rating reflects high leverage following the acquisition of
Fort Dearborn by Advent and Moody's expectations that the company
will continue to pursue an acquisition-driven growth strategy given
low organic growth in its core cut and stack label product
offering," said Moody's analyst Anastasija Johnson.

Issuer: Fort Dearborn Holding Company, Inc.

Assignments:

   -- Corporate Family Rating, Assigned B3

   -- Probability of Default Rating, Assigned B3-PD

   -- US$75M Senior Secured Revolving Credit Facility, Assigned B2

      (LGD3)

   -- US$455M Senior Secured 1st Lien Term Loan, Assigned B2
      (LGD3)

   -- US$170M Senior Secured 2nd Lien Term Loan, Assigned Caa2
      (LGD5)

Outlook Actions:

   -- Outlook, Assigned Stable

RATINGS RATIONALE

The B3 corporate family rating reflects Fort Dearborn's high
projectedpro forma debt-to-EBITDA leverage in excess of 6.5 times
in the twelve months ended June 30, 2016, modest scale in a
fragmented labels industry with competitive pricing pressures and
high customer concentration. While Fort Dearborn benefits from its
strong market position in cut and stack labels, this segment has
low organic growth and substitution pressures from other label
technologies where the company has less presence. To support growth
Moody's expects the company will continue its acquisition-related
strategy that entails financial and operational risks. The rating
is supported by high exposure to the relatively stable food and
beverage end markets, good EBITDA margins and long-standing
relationships with well-established customers. The company also has
adequate liquidity.

The stable rating outlook reflects Moody's expectations that Fort
Dearborn will successfully integrate its acquisitions, execute its
operating improvements plan and maintain adequate liquidity amid
modest organic growth.

The ratings could be upgraded if there is a substantial improvement
in credit metrics or the operating and competitive environment.
Specifically, ratings could be upgraded if Fort Dearborn maintains
financial policies that support adjusted debt-to-EBITDA declining
below 5.5 times on sustained basis and the company establishes a
track record of using free cash flow for debt repayment.

The rating could be downgraded if there is a deterioration in
credit metrics or the operating and competitive environment,
including volume or pricing pressure from a significant customer.
Specifically, ratings could be downgraded if adjusted
debt-to-EBITDA remains above 6.0 times, free cash flow weakens
materially and liquidity deteriorates. The ratings could also be
downgraded if the company undertakes a large debt-financed
acquisition or dividend recapitalization.

Fort Dearborn is expected to have adequate liquidity over the next
12-18 months. The company has low cash balances and will rely on
internally generated cash flow and its revolver for liquidity. The
company has a $75 million five-year revolver that expires in
September 2021 and is expected to be undrawn pro forma for the
acquisition by funds affiliated with Advent International. The
company may draw on it to fund seasonal working capital swings and
for acquisitions, as it has done in the past. The company is
expected to generate free cash flow of $15-$20 million in 2017. The
term loan amortization is 1% per year or approximately $4.5 million
and the facility has an excess cash flow sweep. There are no other
near-term maturities as the term loans are due in 2023 and 2024.
The revolving credit facility has a springing first lien net
leverage covenant which applies whenever the outstanding balance on
the revolver is greater than 35% of the aggregate principal amount
of the revolving commitments of all lenders. The covenant is set at
7.25 times with no steps downs and Moody's expects the company to
have significant room under the covenant. All assets are encumbered
by the secured credit facilities.

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

Fort Dearborn Holding Company, Inc., headquartered in Elk Grove
Village, Illinois, is a supplier of product labels to a wide
variety of consumer products and packaged food end markets.
Approximately 56% of the company's revenues stem from cut and stack
labels, 21% from shrink sleeve, 15% from roll-fed and 9% from
pressure sensitive labels. Revenues for the twelve months ended
June 30, 2016 were $416 million. Following the leveraged buyout,
Fort Dearborn will be a portfolio company of Advent International.


FORT DEARBORN: S&P Assigns 'B-' CCR, Outlook Stable
---------------------------------------------------
S&P Global Ratings said that it has assigned its 'B-' corporate
credit rating to Fort Dearborn Holding Co. Inc.  The outlook is
stable.

"At the same time, we assigned our 'B-' issue-level rating and '3'
recovery rating to the company proposed secured first-lien bank
facility and our 'CCC' issue-level rating and '6' recovery rating
to its proposed secured second-lien bank facility.  The '3'
recovery rating indicates our expectation for meaningful recovery
(50%-70%; lower end of the range) for lenders in the event of a
payment default, while the '6' recovery rating indicates our
expectation for negligible recovery (0%-10%) in the event of a
payment default.  Both facilities were borrowed under financing
subsidiary Fortress Merger Sub Inc. (which we expect will
eventually be merged into Fort Dearborn Holding Co. Inc.).  The
facilities comprise a $75 million revolving facility due 2021, a
$455 million first-lien term loan due 2023, and a $170 million
second-lien term loan due 2024," S&P said.

"Our rating on Fort Dearborn reflects the company's very high debt
leverage at the outset of this transaction along with our concern
that its new financial sponsor, Advent International, will impose
aggressive financial policies over the intermediate term," said S&P
Global credit analyst James Siahaan.  S&P anticipates that the
company's adjusted debt-to-EBITDA will be greater than 7.5x by the
end of 2016, which is higher than the debt leverage of many other
financial sponsor-owned companies in the packaging sector.  This
amount of debt in relation to the company's level of adjusted
EBITDA leads S&P to apply a negative one-notch comparable rating
analysis adjustment to S&P's anchor on Fort Dearborn.  This
weakness is partially offset by the company's solid free cash
generation and fixed charge coverage, its participation in the
recession-resistant food, beverage, and personal care markets, and
its satisfactory profitability with the potential for operational
improvements.

The stable outlook on Fort Dearborn reflects S&P's expectation that
the demand in the company's end markets, management's operational
improvement initiatives, and the contributions from its recently
acquired businesses will allow the company to maintain credit
measures that are appropriate for the current rating while
retaining adequate liquidity.  Specifically, S&P views an adjusted
debt-to-EBITDA metric of 6.0x-7.0x and an EBITDA-to-interest
coverage ratio of more than 2.0x as appropriate.  While the
company's credit measures may be stretched at the inception of the
transaction, S&P expects some deleveraging to occur in the next
year and believe that they will moderate to appropriate levels for
the current rating.

S&P could raise its ratings on Fort Dearborn if the company
establishes a track record of disciplined financial policies and
reduces its debt leverage by more than S&P currently expects in its
base-case scenario, either by applying its free cash flow to reduce
its prepayable term loan balances or by increasing its EBITDA.  If
the amount of deleveraging is substantial, S&P could reassess its
comparable rating analysis modifier on the company to neutral,
which would lead S&P to undertake a one-notch upgrade.  S&P sees an
adjusted debt-to-EBITDA ratio of 5.0x-6.0x as being appropriate for
a modestly higher rating.

While less likely, S&P could lower its ratings on Fort Dearborn if
the company encounters unexpected operational challenges or
undertakes large debt-financed acquisitions or shareholder rewards
that cause its adjusted debt-to-EBITDA to exceed 7.5x without clear
prospects for improvement.  This could occur if a particularly
severe recession hurts the demand from its customers, or if they
become more willing to sacrifice the speed and low cost of cut and
stack labels in favor of pressure sensitive labels, which is a
segment where Fort Dearborn has less of a presence. These
conditions could cause its adjusted EBITDA margins to contract by
more than 200 basis points while its top line contracts by 1%
(instead of growing by roughly 4% as S&P expects in its base-case
assumptions).  S&P could also lower the ratings if the company's
cash flow diminishes significantly or its liquidity becomes
constrained.


FPMI SOLUTIONS: Selling All Assets to Apprio
--------------------------------------------
FPMI Solutions, Inc., asks the U.S. Bankruptcy Court for the
Eastern District of Virginia to authorize the asset purchase
agreement in connection with the sale of substantially all assets
outside the ordinary course of business to Apprio, Inc., for,
principally, the assumption of 100% of the Debtor's accrued and
unpaid pre-bankruptcy payroll obligations.

The Debtor is a government contractor that operates as a business
partner to organizations.  The Debtor's federal solutions include
human capital management, human capital outsourcing, and learning
services.  Its global/commercial solutions include strategic HR
consulting solutions, recruitment process outsourcing and executive
search, temporary service providers, shared services, and learning
services.

The Debtor has actively marketed the assets of the company since
February 2016.  The Debtor previously placed the assets and
liabilities of the company to auction in order to receive the
highest and best offer for the company, yet received only one bid.
In connection with that single bid, the Debtor was still unable to
reach a satisfactory agreement in the best interests of the Debtor,
the Debtor's creditors, and the Debtor's estate, to sell the Assets
of the company and assign substantially all of the contracts with
customers.

The Debtor continued to market the assets and customer contracts of
the business and has since engaged a new potential purchaser. The
Debtor has negotiated an Agreement with Apprio.  The Debtor has
determined that it is in the best interests of the Debtor, its
creditors, and its bankruptcy estate as a whole to sell the Assets
to the Purchaser.

The Debtor has negotiated the Agreement with the Purchaser for (i)
the option to seek assignment and novation of identified contracts
("Contracts"), (ii) the transfer of all of its assets related to
the conduct of Debtor's government contracting business in the
United States, including all contracts, intellectual property, and
equipment (but not to include furniture, fixtures, accrued
government account receivables or FPMI's interest in FPMI Services
Mexico, S.A. de C.V. and FPMI International Mexico, S.A. de C.V.),
and (iii) the transfer of identified employees in exchange for,
principally, the assumption of 100% of the Debtor's accrued payroll
liability for identified employees for both of the two-week periods
ending on May 20, 2016, and June 3, 2016, which should have been
paid by the Debtor on June 3, 2016, and June 17, 2016.

Apprio agrees to pay to the Debtor, and the Debtor agrees to accept
payment of an aggregate purchase price of $100.

A copy of the Agreement is available for free at:

     http://bankrupt.com/misc/FPMI_Solutions_161_Sales.pdf

At the hearing on Aug. 16, 2016, the Court approved Debtor's Motion
to Approve Bid Procedures Order.  Pursuant to those procedures, the
Debtor invited any interested bidders to submit a higher or better
bid than the agreement presented therein.  No higher bids were
submitted.

Time is of the essence in closing the transactions referenced or
contemplated, and the Debtor and the Purchaser intend to close the
sale on or prior to Sept. 30, 2016.  Accordingly, the Debtor
requests that the Order not be stayed and that it will be effective
and enforceable immediately upon entry.

                       About FPMI Solutions

Headquartered in Alexandria, Virginia, FPMI Solutions, Inc., is a
government contractor that operates as a business partner to
organizations.  The company's federal solutions include human
capital management, human capital outsourcing, and learning
services.  Its global/commercial solutions include strategic HR
consulting solutions, recruitment process outsourcing and executive
search, temporary service providers, shared services, and learning
services.

FPMI Solutions, Inc., sought Chapter 11 protection (Bankr. E.D. Va.
Case No. 16-12142) on June 20, 2016.  Judge Robert G. Mayer
presides over the case.

The Debtor estimated assets and liabilities in the range of
$1,000,000 to $10,000,000.

The Debtor tapped Paul Sweeney, Esq., at the Ymkas, Vidmar, Sweeney
& Mulrenin, LLC, as counsel.

The petition was signed by R. Mark McLindon, chief executive
officer.


FRANK MOULTRIE: Disclosure Statement Hearing Set for Oct. 31
------------------------------------------------------------
The U.S. Bankruptcy Court for the Northern District of Alabama is
set to hold a hearing on October 31, at 10:30 a.m., to consider
approval of the disclosure statement explaining the Chapter 11 plan
of reorganization of Frank Moultrie.

The hearing will take place at Courtroom 3, 1800 5th Avenue North,
Birmingham, Alabama.  Objections are due by October 24.

Under the restructuring plan, each Class 6 unsecured creditor will
receive its pro rata share of $50,000, to be paid in three annual
installments in the amount of $16,666.  Payments will start 11
months after the effective date of the plan.

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

The case is assigned to Judge Tamara O. Mitchell.  The Debtor is
represented by Edward J. Peterson III, Esq., at Stichter, Riedel,
Blain & Postler, P.A.


FRANK W. KERR: Selling Novi Assets to Hilco for $95K
----------------------------------------------------
Frank W. Kerr Co., asks the U.S. Bankruptcy Court for the Eastern
District of Michigan to authorize the sale of its furniture,
fixtures, and equipment ("FF&E") located at the Debtor's
distribution center at 43155 W.9 Mile Rd. in Novi, Michigan
("Facility") to Hilco Fixture Finders, LLC, for $95,000, subject to
adjustment.

In connection with its wind-down, the Debtor, in consultation with
its advisors and J.P. Morgan Chase Bank, N.A. and Comerica Bank
("Lenders"), the Debtor's prepetition secured lenders, marketed its
FF&E located at the Debtor's Facility for sale.  During the
marketing process, the Debtor received several offers to purchase
the FF&E and ultimately determined that Hilco had made the highest
and best offer for the FF&E.

In accordance with the Furniture, Fixtures & Equipment Purchase
Agreement ("Hilco Agreement") between the Debtor and Hilco, upon
entry of an order granting the Motion, Hilco has agreed to pay the
Debtor $95,000 (subject to adjustment) in exchange for title to the
FF&E.

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

           http://bankrupt.com/misc/Frank_Kerr_58_Sales.pdf

Pursuant to the Hilco Agreement, the parties agreed to these
additional terms:

   a. The term of the Hilco Agreement ends 42 days after entry by
the Court of an order granting the Motion ("Conclusion Date"),
unless the Debtor and Hilco mutually agree to an extension.

   b. During the term of the Hilco Agreement, Hilco has the
exclusive right to resell, dispose of, and remove the FF&E from the
Facility.

   c. During the term of the Hilco Agreement, (i) Hilco and the
purchasers of the FF&E, and their respective representatives, will
have unlimited access to the Facility in order to allow Hilco to
sell, dispose of, and/or remove the FF&E; and (ii) the Debtor will
use its reasonable efforts to cooperate with Hilco in connection
with the sale, disposition, and removal process.

   d. No later than 30 days after the Conclusion Date, Hilco will
pay the Debtor 80% of all Gross Proceeds in excess of $165,000
("Additional Purchase Price"). Gross Proceeds is defined as "all
proceeds from the sale or other disposition of the FF&E, including
(without limitation) all proceeds from scrap sales or dispositions,
all commissions, and all buyer's premiums."

   e. Hilco will bear its costs and expenses associated with
reselling, disposing of, or removing the FF&E from the Facility and
ensuring that the Facility is left in a "broom cleaned" condition,
including costs and expenses associated with labor, advertising,
dumpsters, travel, material handling, packing, supplies, and
shipping.

The Debtor believes that the sale of the FF&E to Hilco represents a
prudent and proper exercise of its business judgment and is in the
best interests of the Debtor's creditors and its estate. The Hilco
Agreement provides significant upside to the Debtor's estate in the
event Hilco, a highly experienced liquidator, sells the FF&E for
greater than $165,000. Hilco has further agreed to incur the costs
of marketing the FF&E for sale and to leave the Debtor's Facility
in a "broom clean" condition, which will enable the Debtor to
satisfy one of its obligations under that certain Purchase and Sale
Agreement by and between the Debtor and Novi Nine Mile Associates
LLC, dated July 30, 2016 ("Real Estate PSA"). Finally, in order to
obtain the remaining benefits of the Hilco Agreement, the Debtor
need only grant access to the Facility to Hilco and the third-party
purchasers.

The Debtor believes that only the Lenders assert liens on the
FF&E.

The Debtor further requests that the order approving the sale
authorize the Debtor to assume the Hilco Agreement pursuant to
Section 365(a) of the Bankruptcy Code.  Assumption of the Hilco
Agreement, among other things, (a) enables the Debtor and its
estate the ability to recognize the Additional Purchase Price, (b)
requires Hilco leave the Facility in a "broom clean" condition as
required by the Real Estate PSA, and (c) requires the Debtor only
to grant access to the Facility to Hilco and the third-party
purchasers.

To allow the immediate realization of value for the FF&E, the
Debtor requests that any order granting the Motion is effective
immediately and not subject to the 14-day stay imposed by
Bankruptcy Rules 6004(h) and 6006(d).

The Purchaser:

          Ed Stepp
          EVP & Principal
          HILCO FIXTURE FINDERS, LLC
          345 32nd St., Suite B
          Wyoming, MI 49548
          E-mail: estepp@hilcoglobal.com

The Purchaser is represented by:

          Ian S. Fredericks, Esq.
          One Northbrook Place
          5 Revere Drive, Suite 206
          Northbrook, IL 60062
          Facsimile: (847) 897-0859
          E-mail: ifredericks@hilcoglobal.com

Frank W. Kerr Co. sought Chapter 11 protection (Bankr. E.D. Mich.
Case No. 16-51724) on Aug. 23, 2016.


FRANK W. KERR: Wants Authorization to Use Cash Collateral
---------------------------------------------------------
Frank W. Kerr Company asks the U.S. Bankruptcy Court for the
Eastern District of Michigan for authorization to use cash
collateral.

The Debtor is indebted to J.P. Morgan Chase Bank, N.A., as
administrative agent, for itself and Comerica Bank, with respect to
a revolving line of credit in a principal amount not to exceed
$60,000,000.  The indebtedness is secured by a first-priority lien
on the Debtor's real property commonly known as 43155 Nine Mile
Road, Novi, Michigan.  

As of the Petition Date, the Debtor owes the Lenders $50,485,958,
exclusive of sums held by the Lenders and not applied to the
indebtedness, and accrued but unpaid interest, attorney's fees,
consultant fees, late fees, costs, expenses and other charges.
J.P. Morgan holds a properly perfected first priority lien and
security interest in all of the Debtor's present and future
accounts, general intangibles, documents, instruments, chattel
paper, inventory, equipment, fixtures, deposit accounts, investment
property, and all their products and proceeds.

The Debtor requires the use of cash collateral to complete the
current wind down of its operations.  The Debtor relates that
serious and potentially irreparable harm to the Debtor, its estate
and creditors may occur absent authorization for the use of cash
collateral because the wind-down, which is mid-stream, would grind
to a halt.

The Debtor's proposed Cash Collateral Budget covers a period of
four weeks, beginning with the week ended Sept. 23, 2016 and ending
with the week ended Oct. 14, 2016.  The Budget provides for total
operating disbursements in the amount of $9,208,000 and total
restructuring fees in the amount of $15,000.

The Debtor proposes to grant J.P. Morgan with adequate protection
of its interest in the prepetition collateral and the cash
collateral, including to the extent of any diminution in value of
the prepetition collateral resulting from the use, sale or lease
thereof and the imposition of the automatic stay.

The Debtor further proposes to pay the Lenders $330,000 as
repayment of the indebtedness provided for in the Budget, only if
the Debtor receives proceeds of its contemplated sale of certain
anti-trust claims.

A full-text copy of the Debtor's Motion, dated Sept. 20, 2016, is
available at https://is.gdpNZ5ou

Frank W. Kerr Company is represented by:

          Stephen M. Gross, Esq.
          Jayson B. Ruff, Esq.
          MCDONALD HOPKINS PLC
          39533 Woodward Avenue, Suite 318
          BloomField Hills, MI 48304
          Telephone: (248) 646-5070
          E-mail: sgross@mcdonaldhopkins.com
                  jruff@mcdonaldhopkins.com

                About Frank W. Kerr Company

Frank W. Kerr Company filed a chapter 7 petition on Aug. 23, 2016.
The Debtor consented to and the Court entered an order for relief
under chapter 11, converting the case to a chapter 11 proceeding
(Bankr. E.D. Mich. Case No. 16-51724) on Sept. 19, 2016.  

The Debtor is represented by Stephen M. Gross, Esq. and Jayson B.
Ruff, Esq., at McDonald Hopkins PLC.

The Debtor was founded in 1913 and was one of the largest
independent pharmaceutical wholesalers in the United States,
operating its business from an owned facility in Novi, Michigan.
The Debtor's customers through the years included many local and
national chains, such as Revco, Cunningham Drug, Apex, Kmart,
Arbor, Meijer, Inc., and Sav-Mor Drugs.  It provided retail
customers with brand and generic pharmaceuticals, over-the-counter
drugs, private label goods, sundries and promotional programs.


FUNDACION HISPANOAMERICANA: Case Summary & Unsecured Creditor
-------------------------------------------------------------
Debtor: Fundacion Hispanoamericana De Autismo Inc.
        CARR. 301 KM. 11.5
        Cabo Rojo, PR 00622

Case No.: 16-07574

Chapter 11 Petition Date: September 22, 2016

Court: United States Bankruptcy Court
       District of Puerto Rico (Ponce)

Debtor's Counsel: Maria Soledad Lozada, Esq.
                  LOZADA LAW & ASSOCIATES
                  PO Box 9023888
                  San Juan, PR 00902
                  Tel: 787 533 1400
                  E-mail: msl@lozadalaw.com

Estimated Assets: $500,000 to $1 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Angel Lopez Nunci, president.

The Debtor listed Banco de Desarrolo Economico as its largest
unsecured creditor holding a claim of $2.30 million.

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

          http://bankrupt.com/misc/prb16-07574.pdf


GBD 40 LLC: Voluntary Chapter 11 Case Summary
---------------------------------------------
Debtor: GBD 40, LLC
        800 N. 17th Avenue
        Phoenix, AZ 85007
        Tel: 480-607-0780

Case No.: 16-10895

Nature of Business: Single Asset Real Estate

Chapter 11 Petition Date: September 22, 2016

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

Judge: Hon. Brenda K. Martin

Debtor's Counsel: Edwin B Stanley, Esq.
                  SIMBRO & STANLEY, PLC
                  8767 East Via De Commercio #103
                  Scottsdale, AZ 85258-3374
                  Tel: 480-607-0780
                  Fax: 480-907-2950
                  E-mail: bstanley@simbroandstanley.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Greg Sarandi, authorized member.

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

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

          http://bankrupt.com/misc/azb16-10895.pdf


GCF SERVICES: Can Use Cash Collateral Through August 2017
---------------------------------------------------------
Judge Susan D. Barrett of the U.S. Bankruptcy Court for the
Southern District of Georgia authorized GCF Services, LLC to use
Cash Collateral through the earlier of August 31, 2017,
confirmation of a Plan of Reorganization or upon further order of
the Court.

The Debtor’s principal source of revenues presently consists of
receipt of income from its logging business including the
harvesting and hauling of timber.  The Debtor’s average monthly
income is presently $90,000.

The Debtor believes that Ascentium Capital, LLC and Pearl Beta
Funding, LLC have security interests in assets which might
constitute cash collateral.  The Debtor contends that Ascentium is
owed approximately $26,804.43 as of the Petition Date. The Debtor
further contends that PBF has been paid in full and is not owed any
funds by the Debtor as of the Petition Date.

Judge Barrett acknowledges that the orderly continuation of
Debtor’s business is dependent upon its ability to use Cash
Collateral, and that the Debtor is without sufficient means to
continue operations without the use of Cash Collateral.

Judge Barrett granted the Debtor limited use of the Cash Collateral
to pay the expenses set forth in the approved Budget, all amounts
owed and paid to the U.S. Trustee for its standard fees required of
Chapter 11 debtors, and any other amounts directed or authorized to
be paid by subsequent order of the Court.

The Debtor was authorized to grant Ascentium a continuing,
additional replacement lien and security interest in and to all of
the Cash Collateral now existing or later arising, to secure
Debtor’s obligations under the Ascentium UCC.

A full-text copy of the Order dated September 15, 2016 is available
at http://tinyurl.com/jrf2nf6


                    About GCF Services, LLC

GCF Services, LLC dba JN Loggings filed a Chapter 11 petition
(Bankr. S.D. Ga. Case No. 16-30245), on August 22, 2016.  The
petition was signed by Dedric L. Nesbitt, managing member.  The
case is assigned to Judge Susan D. Barrett.  The Debtor's counsel
is Jon A. Levis, Esq., at MERRILL & STONE, LLC.  At the time of
filing, the Debtor disclosed $1 million in total assets and $1.17
million in total liabilities.


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


GIANNI'S ITALIAN: Can Use IRS Cash Collateral on Final Basis
------------------------------------------------------------
Judge Pamela S. Hollis of the U.S. Bankruptcy Court for the
Northern District of Illinois authorized Gianni's Italian
Restaurant & Cafe, Inc., to use cash collateral on a final basis.

The authorization to use cash collateral was granted retroactive to
May 3, 2016.

The Department of Treasury-Internal Revenue Service is granted a
postpetition lien on cash, accounts, note receivable and proceeds,
profits and income derived from such collateral to the same extent,
validity, priority and value of IRS' secured claim as of the date
of filing, retroactive to May 3, 2016.

The Debtor is directed to make monthly adequate protection payments
to the IRS in the amount of $1,100, retroactive to May 3, 2016.

A full-text copy of the Final Order, dated Sept. 20, 2016, is
available at https://is.gd/yqEDMq

         About Gianni's Italian Restaurant & Cafe

Gianni's Italian Restaurant & Cafe, Inc., filed for Chapter 11
bankruptcy protection (Bankr. N.D. Ill. Case No. 16-15094) on May
3, 2016.  The petition was signed by Michael W. Siena, president.
Joel A Schechter, Esq., at the Law Offices of Joel Schechter,
serves as the Debtor's bankruptcy counsel.  The Debtor estimated
assets at $0 to $50,000 and liabilities at $100,001 to $500,000 at
the time of the filing.


GKI INCORPORATED: Has Until Oct. 7 to Use First Midwest Bank Cash
-----------------------------------------------------------------
Judge Thomas M. Lynch of the U.S. Bankruptcy Court for the Northern
District of Illinois authorized GKI Incorporated to use cash
collateral on an interim basis, until Oct. 7, 2016.

The Debtor was authorized to use the cash collateral of First
Midwest Bank to pay payroll and employee obligations of the Sept. 8
and Sept. 22, 2016 payroll, including previously outstanding
payroll checks, direct deposits, health care insurance premiums,
payroll taxes and withholding and 401(k) contributions in the
amount of $40,325.

The Debtor was also authorized to use First Midwest Bank's cash
collateral to continue operating its business until Oct. 7, 2016,
to pay all normal business operating expenses, together with the
fee of the United States Trustee that may become due.

The approved Budget provides for total expenditures in the amount
of $111,062 for the period Sept. 19, 2016 to Sept. 30, 2016, and
the amount of $240,874 for the month of October 2016.

First Midwest Bank was granted, among others, a valid and
perfected, enforceable security interest in and to the Debtor's
post-petition accounts, assessments and other receivables, to the
extent and priority of its alleged prepetition liens, if valid, but
only to the extent of any diminution in the value of such assets
through Oct. 7, 2016.

A further hearing on the Debtor's use of cash collateral is
scheduled on Oct. 5, 2016 at 10:30 a.m.

A full-text copy of the Order, dated Sept. 20, 2016, is available
at https://is.gd/ltwQMu

                 About GKI Incorporated

GKI Incorporated filed a chapter 11 petition (Bankr. N.D. Ill. Case
No. 16-82168) on September 15, 2016.  The petition was signed by
Olaf Klutke, president.  The Debtor is represented by Steven J.
Brody, Esq., at Steven J. Brody & Associates, Ltd.  The case is
assigned to Judge Thomas M. Lynch.  The Debtor estimated assets at
$0 to $50,000 and liabilities at $1 million to $10 million at the
time of the filing.



GLOBAL COMMODITY: Disclosure Statement Hearing Moved to Dec. 7
--------------------------------------------------------------
The hearing to consider approval of the disclosure statement
explaining Global Commodity Group, Inc.'s Chapter 11 plan has been
rescheduled for December 7.

The hearing will be held at 9:00 a.m., at the Jose V. Toledo
Federal Building and U.S. Courthouse, 300 Recinto Sur, Courtroom
No. 1, Second floor, San Juan, Puerto Rico.

                  About Global Commodity Group

Global Commodity Group, Inc. filed a Chapter 11 bankruptcy petition
(Bankr. D.P.R. Case No. 15-08395) on Oct. 28, 2015, in San Juan,
Puerto Rico. U.S. Bankruptcy Judge Brian K. Tester presides over
the case. In its petition, the Debtor estimated under $50,000 in
assets and under $10 million in liabilities. The petition was
signed by Ramon L Nunez Freytes, president.

The Debtor is represented by:

         Maria Soledad Lozada Figueroa, Esq.
         MS LOZADA LAW OFFICE
         PO BOX 9023888
         San Juan, PR 00902
         Tel: 787 520 6002
         Fax: 787 520 6003
         E-mail: lcdamslozada@gmail.com


GLOBAL GEOPHYSICAL: DIP Financing From Wellington Savings Approved
------------------------------------------------------------------
Judge David R. Jones of the U.S. Bankruptcy Court for the Southern
District of Texas authorized Global Geophysical Services, LLC and
its affiliated Debtors to obtain postpetition financing and use
cash collateral on a final basis.

The Debtors previously sought the Court's authorization to obtain
debtor-in-possession financing in an aggregate principal amount of
up to $2,000,000.  

The DIP Credit Agreement was entered into by Global Geophysical
Services, LLC as Holdings; Global Geophysical Services, Inc. as
Borrower; the domestic subsidiaries of Global Geophysical Services,
Inc. as guarantors; Wilmington Savings Fund Society, FSB, as DIP
Agent; and the DIP Lenders.

The Debtors are indebted to First Lien Agent, Wilmington Savings
Fund Society, FSB and the First Lien Lenders in the aggregate
outstanding amount of $85,104,644, pursuant to the First Lien
Credit Agreement.  The First Lien Secured Parties were granted a
first priority security interest in and liens upon all the
prepetition collateral.

The Debtors are also indebted to the Second Lien Agent, Wilmington
Trust, National Association, and the Second Lien Lenders, pursuant
to the Second Lien Credit Agreement.  The Second Lien Secured
Parties were granted a second priority security interest in and
liens upon all the prepetition collateral, that are junior in
priority to the Prepetition First Liens.

Judge Jones acknowledged that the Debtors do not have sufficient
available sources of working capital and financing to carry on the
operation of their businesses without the DIP Facility and the use
of cash collateral.  He further acknowledged that the Debtor's
ability to make payroll and to satisfy other working capital and
operational needs and otherwise finance the cases is essential to
the Debtors' ability to maximize the value of the Debtors' assets
for the benefit of their stakeholders.

Judge Jones held that the DIP Obligations will constitute senior
administrative expense claims against each Debtor, with priority in
payment over any and all administrative expenses.  He further held
that the DIP Superpriority Claims will have recourse to and be
payable from all pre-petition and post-petition property of the
Debtors and their estates and all proceeds thereof.

The DIP Agent, for the benefit of the DIP Parties, was granted
valid, perfected, and unavoidable security interests in and liens
upon:

     (a) all prepetition collateral;

     (b) all accounts, chattel paper, commercial tort claims,
deposit accounts, documents, general intangibles, Copyright
Collateral, Patent Collateral, Trademark Collateral and Programs,
goods, instruments, investment property, letter of credit rights,
money, oil and gas and other minerals before extraction, insurance
and insurance claims, the proceeds of Avoidance Actions, all other
personal property, all fixture property, supporting obligations of
the foregoing, and all proceeds and products of all of the
foregoing assets, whether tangible or intangible, whether coming
into existence prior to the Petition Date or after the Petition
Date; and

     (c) all other assets or property of the Debtors.

The First Lien Secured Parties and Second Lien Secured Parties were
granted, among others, replacement liens on and security interests
in the DIP Collateral, subject to the Carve-Out. The First Lien
Secured Parties were also granted superpriority administrative
expense claims, which will be payable from and have recourse to all
assets and property of the Debtors, with priority in payment over
any and all administrative expenses.

The Carve-Out consists of:

     (1) all fees required to be paid to the Clerk of the
Bankruptcy Court and to the Office of the U.S. Trustee, plus
interest;

     (2) the accrued and unpaid fees, disbursements, costs and
expenses incurred by professionals or professional firms retained
by the Debtors or the Official Committee of Unsecured Creditors, if
any, at any time before or on the date of the delivery by the DIP
Agent of a Carve-Out Trigger Notice; and

     (3) all unpaid fees, disbursements, costs and expenses
incurred by the Professionals after the date of the delivery by the
DIP Agent of a Carve-Out Trigger Notice, to the extent allowed by
the Bankruptcy Court at any time, in an aggregate amount not to
exceed $100,000.

A full-text copy of the Final Order, dated September 19, 2016, is
available at https://is.gd/AfQLcq

              About Global Geophysical Services, LLC.

Global Geophysical Services LLC, a company based in Missouri City,
Texas, provides seismic data for the oil and gas drilling
industry.

The Debtor and its seven affiliates sought protection under Chapter
11 of the Bankruptcy Code (Bankr. S. D. Texas Lead Case No.
16-20306) on August 3, 2016.  The petitions were signed by Sean M.
Gore, chief executive officer. The case is assigned to Judge David
R. Jones.

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

Previously, on March 25, 2014, six affiliates of Global Geophysical
filed Chapter 11 petitions in Corpus Christi, Texas (Bankr. S.D.
Tex. Lead Case No. 14-20130).  In February 2015, the Debtors
successfully completed their balance sheet restructuring and
emerged from bankruptcy, following confirmation of their Second
Amended Joint Chapter 11 Plan of Reorganization on Feb. 6, 2015.


GLYECO INC: Hires New Vice President of Sales and Marketing
-----------------------------------------------------------
GlyEco, Inc. has hired Jeremiah Hiller for the newly created role
of vice president of sales & marketing.  Mr. Hiller will be tasked
with growing GlyEco's existing footprint through expanded sales and
marketing efforts, delivering leadership to the Company's
centralized sales and field sales groups, building out the field
sales team in key markets, and improving sales processes and
training.

Mr. Hiller draws on more than 15 years of experience in building
and leading sales channel development, technical sales support, and
field sales representatives.  Most recently, he served as Director
of Sales at Fuel of Clover, where he managed thirty sales
representatives for the North American Region.  Prior, he served as
Technical Sales Lead for a leader in point of sale (POS) systems.
Mr. Hiller has a Bachelor of Science (B.S.) in Business from
Rutgers University.

GlyEco's New Vice President of Sales, Jeremiah Hiller, stated, "I
am excited about being a part of GlyEco, pushing the bounds of our
footprint and strategic growth initiatives to new frontiers while
helping our business grow the top and bottom line.  I will complete
the development of our centralized and field sales teams, dedicated
to driving growth and change with a passion for superior products,
customer service, and technology."

"At GlyEco, we continue to expand our sales group and execute on
our growth plan within our footprint and into additional key
markets in the United States, which includes our centralized sales
team located in South Carolina and our field sales
representatives," said Grant Sahag, GlyEco's chief executive
officer and president.

Mr. Sahag added, "Jeremiah has a strong track record that is
highlighted by sales management, but also includes proven
experience in market planning and customer service to reach
organizational goals, expertise in building and scaling service
businesses through technology and automation, and working with
multi-unit operators.  I am confident he will be a valuable asset
to both our marketing and sales efforts and as a key contributor to
our senior management team."

Mr. Hiller will be based at GlyEco's Corporate Headquarters in Rock
Hill, South Carolina.

                       About GlyEco, Inc.

Phoenix, Ariz.-based GlyEco, Inc., is a green chemistry company
formed to roll-out its proprietary and patent pending glycol
recycling technology that transforms waste glycols, a hazardous
material, into profitable green products.

GlyEco reported a net loss available to common shareholders of
$12.5 million on $7.36 million of net sales for the year ended Dec.
31, 2015, compared to a net loss available to common shareholders
of $8.73 million on $5.89 million of net
sales for the year ended Dec. 31, 2014.

As of June 30, 2016, Glyeco had $6.16 million in total assets,
$1.29 million in total liabilities and $4.86 million in total
stockholders' equity.

KMJ Corbin & Company LLP, in Costa Mesa, California, 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 had recurring losses from operations, has negative
operating cash flows during the year ended Dec. 31, 2015, and has
an accumulated deficit of $34,550,503 as of Dec. 31, 2015.  These
factors raise substantial doubt about the Company's ability to
continue as a going concern.


GRAMERCY PROPERTY: Fitch Assigns 'BB+' Rating on Preferred Stock
----------------------------------------------------------------
Fitch Ratings has assigned a 'BBB' rating to the expected senior
unsecured notes due 2022, 2025, and 2026 issued by Gramercy
Property Trust (NYSE: GPT).  The Rating Outlook is Stable.

                         KEY RATING DRIVERS

The ratings are based on GPT's solid credit metrics, strong
management team, granular portfolio of predominantly single-tenant,
triple-net leased assets generating consistent cash flow growth,
and growing unencumbered pool.  Fitch expects asset quality to
improve over the next several years as a result of Gramercy's
capital repositioning strategy of disposing of select single- and
multi-tenant assets, and reinvesting those proceeds in target
industrial and, to a lesser extent, specialty assets.  The primary
objective of the repositioning is to reduce office exposure to less
than 25% of net operating income (NOI).

These strengths are balanced by less established unsecured debt
capital access and heightened exposure to office, which Fitch views
less favorably.  GPT continues to migrate towards a more unsecured
funding model and has multiple unsecured borrowings outstanding;
however, to date the company has issued only one series of
unsecured notes.

                         GRANULAR PORTFOLIO

As of Aug. 1, 2016, GPT owned a diversified portfolio across 29
states and the U.K. totaling 301 assets (mostly office and
industrial assets), the vast majority of which were single-tenant
and triple-net leased.  GPT's largest market, Dallas, represents
9.1% of annual base rents, followed by Chicago (8.0%) and Los
Angeles (6.5%).  The portfolio is well diversified across over 200
different tenants in a variety of industry classifications.  Key
tenant risk is moderate with the largest tenant (Bank of America,
Issuer Default Rating [IDR] of 'A') accounting for 7.5% of revenues
at June 30, 2016, with the risk mitigated in part by the issuer's
rating and the fact that the leases are primarily for office rather
than bank branches, which have had declining utilization in recent
years.

The company's portfolio generates predictable cash flows, absent
tenant bankruptcies, as evidenced by annual rent bumps of 1% to 2%
over a 10-20 year lease term at the onset and consistent occupancy.
From 2012 to 2016, occupancy did not fall below 96% and stood at
98.5% as of June 30, 2016.  GPT's weighted average remaining lease
term (7.7 years) is below the net lease peer average of 10.4 years.
Fitch expects this to improve as GPT completes its asset
repositioning plans.

            HEADLINE METRICS APPROPRIATE FOR 'BBB' RATING

Fitch projects that leverage (excluding the effects of preferred
stock) will settle around 6.0x in 2018, consistent with the
company's stated objective.  Leverage was strong at 4.8x for the
quarter ended June 30, 2016, (1Q16), compared to 5.1x for 2015.
When including 50% of the company's preferred stock as debt,
leverage increases by approximately 0.1x, which remains appropriate
for the 'BBB' rating.

Fitch projects that GPT's fixed-charge coverage (FCC) ratio will
settle in the mid-to-high 3.0x range by 2018, driven by EBITDA
growth from acquisitions and developments offset in part by
increased interest expense from unsecured bond issuances.  GPT's
FCC is solid for the 'BBB' IDR, and was 3.4x for the trailing 12
months (TTM) ended June 30, 2016, up from 3.0x in 2015 and 2.9x in
2014.

                  FAVORABLE DEBT MATURITY PROFILE

Debt maturities are manageable through 2018, with no year
representing more than 6.2% of total debt.  Beyond 2018, the
maturities represent a mix of unsecured and secured debt which are
larger in size but still mostly well-spaced.  Fitch expects the
company will be able to effectively ladder its debt maturity
profile, which should reduce refinancing risk in any given year.

                         STORNG LIQUIDITY

Fitch calculates that GPT's liquidity coverage ratio is 4.9x for
the period July 1, 2016 to Dec. 31, 2017, pro forma for recent
acquisitions and dispositions subsequent to June 30, 2016.  Fitch
defines liquidity coverage as sources of liquidity (unrestricted
cash, availability under the revolving credit facility [RCF],
expected retained cash flows from operating activities after
dividend payments) divided by uses of liquidity (debt maturities,
development expenditures and capital expenditures).

GPT maintains a conservative payout ratio, paying out 60.4% of its
adjusted funds from operations (AFFO) in dividends in the second
quarter of 2016 (2Q16), compared with 64.2% in the previous quarter
and 50.3% in 2015.  Fitch expects the company's payout ratio will
sustain in the 60% range on a long-term basis, a credit positive
allowing for internally generated liquidity that can be used in
part to fund new investments.

            EVOLUTION TOWARDS UNSECURED FUNDING PROFILE

To date, the company has only one series of unsecured notes, $150
million of 4.97% nine-year senior notes due 2024.  However, other
unsecured borrowings include the RCF, term loans, and convertible
bonds.  In December 2015, Gramercy closed on $2.075 billion of
senior unsecured bank credit facilities comprising an $850 million
RCF, a $300 million three-year term loan, a $750 million five-year
term loan and a $175 million seven-year term loan.  GPT has
significantly enhanced its capital structure and is a primarily
unsecured issuer and borrower, with 76% of its outstanding
indebtedness unsecured.  Fitch expects GPT will continue to reduce
its secured debt by refinancing mortgage maturities and
acquisitions with incremental unsecured debt, which should improve
financial flexibility going forward.

GPT has adequate contingent liquidity from its unencumbered asset
pool.  Unencumbered asset coverage of net unsecured debt (UA/UD) is
2.1x when applying a stressed 9% capitalization rate to
unencumbered NOI.  This ratio is appropriate for a 'BBB' IDR.  The
company continues to pay down mortgage debt, improving the size and
diversity of the unencumbered pool, while the quality remains
relatively unchanged.

             CAPITAL REPOSITIONING IMPROVES ASSET QUALITY

Gramercy's main asset-type focus is industrial, which Fitch views
favorably due to the current supply/demand imbalance, which should
result in declines in vacancy.  On Dec. 17, 2015, Gramercy and
Chambers Street merged, creating the largest industrial and office
net-lease REIT with an enterprise value of approximately $6
billion.  In conjunction with the closing of the merger, Gramercy
began actively repositioning the combined portfolio through the
disposition of select single- and multi-tenant assets, and
reinvesting those proceeds into target industrial, and to a lesser
extent, specialty assets.  The primary objective of the
repositioning is to reduce office exposure to less than 25% of NOI.
The continued targeted reduction of office buildings will make the
portfolio less capital intensive over time.

Heightened Office Exposure

Fitch views GPT's heightened exposure to office less favorably,
with office comprising 32% of GPT's cash NOI for the quarter ended
June 30, 2016, pro forma for the TPG transaction.  Employee
densification is tempering office demand at the margin, and there
is higher uncertainty with suburban office, as educated millennial
workers continue to seek to live primarily in urban markets, and to
a less extent, transit-oriented premier suburban markets.
Single-tenant suburban office can have contract rents that are
difficult to replicate at lease renewal and can be difficult and
costly to re-tenant and reconfigure as multi-tenant buildings.
Fitch expects the company to reduce exposure of office to below 25%
of portfolio NOI, and notes negative rating action may result if
the company fails to do so.

                        MANAGEMENT STABILITY

Senior management has significant experience in commercial real
estate, investing, and asset management.  The team is led by Gordon
DuGan and Benjamin Harris, who have experience working together at
W.P. Carey.  Together the two carry more than 40 years of direct
real estate investment and management experience, while Gramercy's
eight senior officers have an average of approximately 20 years of
real estate experience.

PREFERRED STOCK NOTCHING

The two-notch differential between GPT's IDR and preferred stock
rating is consistent with Fitch's criteria for corporate entities
with an IDR of 'BBB'. Based on Fitch research titled 'Treatment and
Notching of Hybrids in Nonfinancial Corporate and REIT Credit
Analysis', 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.

                         STABLE OUTLOOK

The Stable Outlook reflects Fitch's expectation that GPT will
operate within its targeted metrics through the rating horizon and
the issuer will have sufficient capacity to address any potential
tenant credit issues.

                         KEY ASSUMPTIONS

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

   -- Leverage sustaining around 6x;
   -- SSNOI growth of 1.5% throughout the forecast horizon;
   -- GPT will acquire approximately $1 billion of assets per year

      through 2018;
   -- Approximately $25 million of maintenance capital
      expenditures each year from 2016-2018.  Capital expenditures

      are low due to primarily triple-net-lease structure and
      long-term leases.

                       RATING SENSITIVITIES

While Fitch does not envision positive rating momentum in the near
term, these factors may have a positive impact on GPT's ratings
and/or Outlook:

   -- Fitch's expectation of leverage sustaining below 5.0x
      (leverage was at 4.8x at June 30, 2016, but Fitch expects
      leverage to migrate to 6.0x long term);
   -- Fitch's expectation of FCC sustaining above 3.5x (FCC was
      3.4x for the TTM ended June 30, 2016);
   -- Fitch's expectation of a 2.5x UA/UD ratio at a 9% stressed
      cap rate.

These factors could result in negative momentum in the ratings
and/or Outlook:

   -- Should GPT be unable or unwilling to access the unsecured
      debt market via public or private placement debt issuances,
      Fitch could downgrade the IDR to 'BBB-' as GPT would have
      relatively weaker access to capital and a higher-risk
      capitalization;

   -- Inability to reduce exposure to office below 25% of NOI
      during the two-year ratings horizon;

   -- Inability to execute on the monetization of Gramercy Europe
      during the two-year rating horizon;

   -- Fitch's expectation of leverage sustaining above 6.0x;

   -- Fitch's expectation of FCC sustaining below 2.5x.

FULL LIST OF RATING ACTIONS

Fitch currently rates GPT as:

Gramercy Property Trust
   -- Issuer Default Rating (IDR) 'BBB';
   -- Preferred stock 'BB+'.

GPT Operating Partnership LP
   -- Senior unsecured revolving credit facility 'BBB';
   -- Senior unsecured term loans 'BBB';
   -- Senior unsecured notes 'BBB';
   -- Senior unsecured convertible notes 'BBB'.

The Rating Outlook is Stable.


GRIMMETT BROTHERS: Wants to Use WTSB Cash Collateral
-----------------------------------------------------
Grimmett Brothers, Inc., requests the U.S. Bankruptcy Court for the
Northern District of Texas for authorization to use West Texas
State Bank of Snyder's cash collateral during the pendency of its
case.

The Debtor relates that its continued use of the funds collected
from accounts receivable is essential for payment of current
operating expenses and continuation of the estate’s business.

The Debtor tells the Court that the accounts receivable of the
Debtor may be subject to the lien of West Texas State Bank.  The
Debtor further tells the Court that the value of the accounts
receivable subject to the claim of cash collateral of West Texas
State Bank, as of the filing date, is approximately $635,747.  The
Debtor adds that its counsel has not had the opportunity to analyze
the security position of the West Texas State Bank and cannot
currently reach a conclusion as to its validity or perfection.

The Debtor proposes to grant West Texas State Bank a lien on
post-petition assets of the same class as those in which there
exists a properly perfected prepetition security interest, which
would secure the allowed secured claims of West Texas State Bank.

The Debtor further proposes to provide a pre-confirmation lien on
Debtor's 319.4 acres of land located at 2000 CR 1163 Hermleigh,
Texas.

A full-text copy of the Debtor's Motion dated September 15, 2016 is
available at http://tinyurl.com/hw3bw57

West Texas State Bank is represented by:

          Dax D. Voss, Esq.
          FIELD, MANNING, STONE, HAWTHORNE & AYCOCK, P.C.
          2112 Indiana Ave.
          Lubbock, TX 79410


                        About Grimmett Brother's

Grimmett Brother's, Inc., was formed in 1944. It is a family owned
Texas corporation that operates as a service company to the
oilfield, providing dirt, mud, gravel and caliche to oil drilling
sites.  The Debtor builds oil field location sites, roads, and
pits, among others, in preparation for the drilling.  The primary
facility is located at 1312 Avenue R, Snyder, Texas 79549.  The
Debtor also has two other locations in Andrews, Texas and Sterling
City, Texas.

Grimmett Brother's, Inc. filed a Chapter 11 petition (Bankr. N.D.
Tex. Case No. 16-50183) on August 26, 2016.  The petition was
signed by Billy Grimmett, president.  Judge Robert L. Jones
presides over the case.  Max Ralph Tarbox, Esq., at Tarbox Law,
P.C., serves as bankruptcy counsel.  The Debtor estimated $10
million to $50 million in assets and $1 million to $10 million in
liabilities at the time of the filing.


H&S BUSINESS: Secured Creditor Tries To Block Plan Disclosures Okay
-------------------------------------------------------------------
Secured creditor One World Bank filed with the U.S. Bankruptcy
Court for the Eastern District of Texas an objection to the final
approval of H&S Business LLC's disclosure statement and the
confirmation of the Debtor's amended plan of reorganization.

According to OWB, the Disclosure Statement does not contain
adequate information for OWB or any creditor to make an informed
judgment about the Plan and cannot be approved.

One World claims that the Disclosure Statement:

     a. does not contain any information about the pre-petition
        conditional sale of the property undertaken in violation
        of the loan documents and involving funds, which should
        have been paid towards the Debtor's indebtedness to the    
    
        bank;

     b. contains insufficient detail to explain the Debtor's
        optimistic outlook in its projections in light of the
        downward trending historical financial information and
        also the poor financial performance observed during this
        bankruptcy case, which is not as optimistic;

     c. contains inadequate information regarding the wherewithal
        of the parties contributing $150,000 to make a
        contribution, and the anticipated date for receipt of the
        $150,000 cash is after the deadline to vote on the Plan,
        denying creditors of a vital piece of information;

     d. is attached with projections that were not updated upon
        the filing of the amended Plan; therefore, the numbers
        relied upon by the Debtor in the Disclosure Statement do
        not match the amended Plan being presented for
        confirmation, and it is unclear whether updated numbers
        would highlight a feasibility problem with the Plan; and

     e. does not identify the methodology used to prepare the
        projections or the methodology used to arrive at the
        Debtor's valuation of the property.

According to OWB, the Debtor's Plan cannot be confirmed because (i)
the Plan improperly enjoins creditors -- including OWB -- from
prosecuting or collecting on claims and judgments against
non-debtors; (ii) the Plan is not feasible; and (iii) the Plan is
not fair and equitable.

The Plan proposes to grant the Debtor's guarantors and affiliated
parties injunctive relief and preclude OWB from collecting on or
further prosecuting its claims against such non-debtor parties.
Specifically, the Plan provides that creditors are restrained and
enjoined from commencing or continuing actions against not only the
Debtor but also any other entity against whom prosecution could
result in a claim being asserted against the Debtor.  Furthermore,
the Plan provides that in pursuing non-debtor parties on account of
a validly held guarantee, OWB is limited with respect to the
third-party's interest in or ownership of new equity interests
acquired by virtue of the Plan.

OWB states that while the language is buried in the permanent
injunction section, the broad scope of the language seeks to limit
the commencement or continuation of any action, in any manner, and
in any place which is not in line with the provisions and treatment
of claims contained in the Plan including actions against
non-Debtor third-parties.  A plan of reorganization
cannot grant releases and injunctions to third parties, says OWB.

The Debtor's projections, according to OWB, do not support the
payments to be made under the Plan.  The Debtor's amended Plan with
respect to OWB provides for an interest rate of 5.5% instead of 5%,
and this information has not been updated in the projections.  The
projections do not line up with the Debtor's historical performance
as well as the Debtor's performance during the pendency of the
bankruptcy case, and there is no explanation for how the Debtor
intends to increase its revenues post-confirmation.  To the
contrary, it is clear that the Debtor is unable to financially
maintain its day-to-day obligations plus the payments contemplated
under the Plan, even with a $150,000 cash infusion.  

The Plan unfairly shifts the risk of non-payment to the bank by
proposing a 30-year amortization, OWB states.

OWB is represented by:

     Frances A. Smith, Esq.
     SHACKELFORD, BOWEN, McKINLEY & NORTON, LLP
     9201 N. Central Expressway, 4th Floor
     Dallas, Texas 75231
     Tel: (214) 780-1400
     Fax: (214) 780-1401
     E-mail: fsmith@shackelfordlaw.net

                        About H&S Business

H&S Business LLC operates a convenience store and gasoline station
located in Gordonvile, Texas.  It was formed in May 2009 for the
purpose of acquiring and operating a Gas Station-Convenience Store
located in Gordonville.  The Debtor is and has been since June
2009, the owner of the Convenience Store and continues to operate
its business as a debtor-in-possession.  

The Debtor filed for Chapter 11 bankruptcy protection (Bankr. E.D.
Tex. Case No. 16-40992) on June 6, 2016.


HALCON RESOURCES: S&P Raises CCR to 'B-' on Bankr. Emergence
------------------------------------------------------------
S&P Global Ratings raised its corporate credit rating on
Houston-based Halcon Resources Corp. to 'B-' from 'D'.  The outlook
is stable.

S&P also raised the issue-level rating on the company's second-lien
notes to 'B-' from 'CCC+'.  The recovery rating on the notes is
'3', reflecting S&P's expectation of meaningful (50%-70%, upper
half of the range) recovery in the event of a conventional default.


"The upgrade follows Halcon's emergence from bankruptcy and its
comprehensive financial restructuring," said S&P Global Ratings
credit analyst Ben Tsocanos.  "The company reduced debt by
approximately $1.8 billion as a result and we forecast that its
financial leverage will remain at sustainable levels," he added.

S&P views Halcon's operating costs as relatively high, however, and
expect that many of its properties require oil prices higher than
current levels in order to be developed economically.

S&P's ratings on Halcon incorporate assessments of business risk as
vulnerable and financial risk as aggressive, and liquidity as
adequate.

The stable outlook reflects S&P's view that Halcon's leverage has
stabilized after eliminating a major portion of its debt,
post-bankruptcy.  S&P estimates that the company's leverage will
weaken significantly in 2017 after hedges roll off and remain above
4x debt to EBITDA and below 20% FFO to debt.  S&P expects leverage
to begin to improve in 2018, reflecting S&P's higher oil price
assumptions.

S&P would consider a downgrade if over the next 12 months the
company's leverage falls to levels S&P would consider unsustainable
or liquidity becomes less than adequate.  Such a scenario would
likely occur if Halcon significantly outspends internally generated
cash flow or if commodity prices decline significantly.

S&P could raise the rating should the company successfully decrease
operating costs and materially increases production and proved
reserves while not materially increasing current leverage levels.


HARBORTOUCH PAYMENTS: S&P Assigns 'B' CCR, Outlook Stable
---------------------------------------------------------
S&P Global Ratings assigned its 'B' corporate credit rating to
Allentown, Pa.-based Harbortouch Payments LLC.  The outlook is
stable.

At the same time, S&P assigned its 'B+' issue-level rating and '2'
recovery rating to the company's first-lien credit facility,
consisting of a $20 million revolver expiring in 2021 and $250
million term loan due maturing in 2023.  The '2' recovery rating
indicates S&P's expectation for significant (70%-90%; at the lower
end of the range) recovery in the event of payment default.

S&P also assigned its 'CCC+' issue-level rating and '6' recovery
rating to the company's $100 million second-lien term loan maturing
2024.  The '6' recovery rating indicates S&P's expectation for
negligible (0%-10%) recovery in the event of a payment default.

"Our 'B' corporate credit rating on Harbortouch reflects the
company's modest revenue and processing volume market share
compared with its U.S. merchant payment processor peers, moderating
client attrition mitigated by increasing client adoption of its
proprietary point of sale solutions, low-single-digit percentage
merchant client growth, and its highly leveraged financial risk
profile, with debt to EBITDA of about 5.8x at the close of the
transaction," said S&P Global Ratings credit analyst John Moore.

The stable outlook reflects S&P's expectation that Harbortouch will
achieve steady operating growth and free cash flow to debt in the
mid-single-digit percentages in 2016 and 2017.

S&P could lower the rating if the company's operating performance
weakens due to competitive pressures or it adopts a more aggressive
financial policy, such that leverage increases above 7x or free
cash flow to debt sustains below the mid-single-digit percentages.


Considering the company's small market share and short track record
of operating growth, a rating upgrade is unlikely in 2016 or 2017.
Over the longer term, however, S&P could raise the rating if the
company achieves steady operating growth with increasing client
adoption of its POS solutions, such that leverage sustains below
5x.


HAYDEL PROPERTIES: Community Bank Wants to Prohibit Cash Use
------------------------------------------------------------
Community Bank Coast asks the U.S. Bankruptcy Court for the
Southern District of Mississippi to prohibit Haydel Properties, LP,
from using cash collateral.

Community Bank relates that in the Debtor's previous Chapter 11
case, the Debtor and its principals reached an agreement with
Community Bank for a consensual restructuring of the Community Bank
claims which resulted in the execution of a Promissory Note for the
principal amount of $1,593,405.

The Debtor was indebted to Community Bank in the sum of $1,631,793.
Community Bank says that the Debtor's obligation is in default and
is past due for the April 20, 2016 through Aug. 20, 2016,
installments, totaling $48,992, exclusive of costs and reasonable
attorney's fees.  Community Bank further says that the loan balance
has increased because the Debtor failed and refused to pay taxes
and Community Bank, on two occasions, has had to advance the sums
of $85,172 and $33,599 to redeem the parcels subject to its Deed of
Trust from tax sales.

Community Bank tells the Court that its Deed of Trust is
cross-collateralized between six parcels, which include real
property located at 2314 Hewes Avenue, Gulfport, Mississippi, which
is commonly referred to as the old Gayfers warehouse.  Community
Bank further tells the Court that The Haydel's and Mississippi
Mattress, LLC use the warehouse for storage of inventory for their
other business, which is known as Sleep King and warehouse
inventory for their six Sleep King stores.

Community Bank contends that Mississippi Mattress is not paying the
Debtor rent for the warehouse.  It further contends that to the
extent Mississippi Mattress is paying rent, the rent proceeds
constitute the cash collateral of Community Bank and cannot be used
because Community Bank does not consent to the Debtor's use of its
cash collateral.

Community Bank avers that the Debtor lacks equity in 2314 Hewes
Avenue, Gulfport, Mississippi, and the property is not necessary
for an effective reorganization of the Debtor.

A full-text copy of Community Bank, Coast's Motion, dated Sept. 20,
2016, is available at https://is.gd/IoqIBI

Community Bank, Coast, is represented by:

          Robert Alan Byrd, Esq.
          BYRD & WISER
          145 Main Street
          P.O. Box 1939
          Biloxi, MS 39533
          Telephone: (228) 432-8123

             About Haydel Properties, LP

Haydel Properties, LP, based in Gulfport, Miss., filed a Chapter 11
petition (Bankr. S.D. Miss. Case No. 16-51259) on July 27, 2016.

The Hon. Katharine M. Samson presides over the case.  William J.
Little, Jr., Esq., at Lentz & Little, P.A., serves as bankruptcy
counsel.

In its petition, the Debtor estimated $1 million to $10 million in
both assets and liabilities. The petition was signed by Michael D.
Haydel, manager of general partner.


HEARTLAND DAIRY: Can Use Cash Collateral Through Sept. 26
---------------------------------------------------------
Judge Robert E. Grant of the U.S. Bankruptcy Court for the Northern
District of Indiana authorized Heartland Dairy Holdings, LLC, to
use cash collateral through Sept. 26, 2016.

First Farmers Bank and Trust agreed to the Debtor's use of cash
collateral.

A full-text copy of the Order, dated Sept. 20, 2016, is available
at https://is.gd/tgutH1

              About Heartland Dairy Holdings

Heartland Diary Holdings, LLC filed a Chapter 11 bankruptcy
petition (Bankr. C.D. Cal. Case No. 16-11273) on June 17, 2016.
The petition was signed by John W. Glessner, member.  The case is
assigned to Judge Robert E. Grant.  The Debtor is represented by
Daniel J. Skekloff, Esq., at Haller & Colvin.  The Debtor estimated
both assets and liabilities at $1 million to $10 million at the
time of the filing.



HENDRICKSON TRUCKING: Unsecured Claims Have 10% Recovery Under Plan
-------------------------------------------------------------------
Hendrickson Trucking Inc. filed with the U.S. Bankruptcy Court for
the Eastern District of California a disclosure statement
describing its Third Plan of Reorganization, dated Sept. 15, 2016.

The Disclosure Statement reveals that debtor Hendrickson Trucking
is no longer operating as a trucking company.  It has certain
secured assets and goodwill that may have some value and through
the Plan, a separate entity, Hendrickson Truck Lines (HTL) with
common ownership shall purchase the secured assets, goodwill,
rights to pursue preferential payments, and claim against Pilot
Travel Centers, LLC (Pilot) of the Debtor and in exchange pay to
the Debtor an amount to pay the General Unsecured Class a
settlement amount, and for HTL to assume certain obligations and
liabilities under this Plan.

The Debtor or HTL will pay each claim in the General Unsecured
Class #1 a 10% dividend in full satisfaction of the general
unsecured claims within 90 days after the effective date of the
confirmed plan.  The total amount to be paid under this class is
$282,847.

A full-text copy of the Disclosure Statement dated Sept. 15, 2016,
is available at http://bankrupt.com/misc/caeb15-24947-222.pdf

The Plan was filed by:

          C. Anthony Hughes
          Gabriel E. Liberman
          Hughes Financial Law
          1395 Garden Highway, Suite 150
          Sacramento, CA 95833
          Tel No: (916)485-1111
          Fax No: (916)720-0255
          E-mail: Anthony@4851111.com
                  Gabe@4851111.com

                   About Hendrickson Trucking

Based in Sacramento, California, Hendrickson Trucking, Inc., sought
bankruptcy protection (Bankr. E.D. Cal. Case No. 15-24947) on June
19, 2015.  The Debtor disclosed $6.40 million in assets and $13.7
million in liabilities at the Petition Date.  The petition was
signed by Alban Lang, vice president.

The Hon. Christopher D. Jaime presides over the case.

Anthony C. Hughes, Esq., of Hughes Financial Law, represents the
Debtor                     About Beazer Homes USA.


HERCULES OFFSHORE: Court OKs Bid to Sell 3 Drilling Rigs
--------------------------------------------------------
BankruptcyData.com reported that the U.S. Bankruptcy Court issued
three separate orders approving the following Hercules Offshore
(HERO)'s sales motions: (i) authorizing Debtor The Offshore
Drilling Company (TODCO) to sell the Hercules 202 & the Hercules
204; (ii) authorizing Debtor SD Drilling to sell the Hercules 213
and (iii) authorizing Debtor Cliffs Drilling Company to sell the
Hercules 200.  As previously reported, "In accordance with the PSA,
the Buyer has agreed to purchase the Rigs for $450,000 (the
'Purchase Price') free and clear of all liens, claims, encumbrances
and other interests ....  In accordance with the PSA, the Buyer has
agreed to purchase the Hercules 208 for $1 million, the 'Purchase
Price' free and clear of all liens, claims, encumbrances and other
interests.  In accordance with the PSA, the Buyer has agreed to
purchase the Hercules 265 for $100,000 (the 'Purchase Price') free
and clear of all liens, claims, encumbrances and other interests."


                 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.


HRATCHIA BARDAKJIAN: Creditor Seeks Ch. 11 Trustee
--------------------------------------------------
10415 Commerce, LLC, the largest unsecured creditor of Hratchia K.
Bardakjian, asks the United States Bankruptcy Court for the Central
District of California to enter an order appointing a Chapter 11
Trustee in the Chapter 11 case of Hratchia K. Bardakjian.

The Chapter 11 Trustee will oversee and operate the Debtor's
affairs and protect the interests of the estate's creditors from
the continuing malfeasance of the Debtor, the creditor asserts.
The appointment of a Trustee is in the best interest of the estate
and its creditors, the creditor further asserts.

The Court has entered an order requiring that any opposition to the
motion is to be filed and served on or before October 3, 2016.
Failure to file opposition may be deemed to consent to the relief
requested pursuant to the Local Bankruptcy Rules.

The bankruptcy case is In re: Hratchia K. Bardakjian, Case No.
2:15-bk-16559 SK (Bankr. C.D. Cal.).


IAMGOLD CORP: Moody's Affirms B3 Corporate Family Rating
--------------------------------------------------------
Moody's Investors Service affirmed IAMGOLD Corporation's B2
Corporate Family (CFR), B2-PD Probability of Default Rating, B3
subordinate notes rating and SGL-1 speculative grade liquidity
rating. At the same time, Moody's revised the rating outlook to
positive from negative.

"The positive outlook reflects IAMGOLD's material improvement in
leverage from a reduction in debt, using proceeds from a recent
equity offering, as well as higher gold prices" said Jamie
Koutsoukis, Moody's Vice President, Senior Analyst. "Higher
production in 2017 coupled with improving cash costs could result
in a further strengthening of the company' credit metrics." she
added.

Outlook Actions:

   Issuer: IAMGOLD Corp. (IAG)

   -- Outlook, Changed To Positive From Negative

Affirmations:

   Issuer: IAMGOLD Corp. (IAG)

   -- Probability of Default Rating, Affirmed B2-PD

   -- Speculative Grade Liquidity Rating, Affirmed SGL-1

   -- Corporate Family Rating, Affirmed B2

   -- Subordinate Regular Bond/Debenture, Affirmed B3(LGD4)

RATINGS RATIONALE

IAMGOLD's B2 CFR is driven by the company's elevated geopolitical
risks and dependence on its Rosebel gold mine in Suriname (B1
stable) and Essakane gold mine in Burkina Faso (unrated) for most
of its cash flows, coupled with very good liquidity, low leverage
and exposure to gold price volatility. In addition, the rating
reflects increasing rock hardness at both mines, which will result
in higher costs, in addition to the execution risk of increasing
production at its Westwood mine in Canada following the
mining-based seismic event which derailed the mine's original 2015
ramp up.

IAMGOLD has very good liquidity (SGL-1). Following the $230 million
August/16 equity offering and $146 million September/16 debt
reduction, the company has about $700 million in cash. IAMGOLD's
external liquidity consists of a $170 million committed facility
(matures 2020) which largely is undrawn. Additionally we expect the
company to generate positive free cash flow over the next 18 months
on continued stronger gold prices and increased production from
Westwood. "IAMGOLD's facility includes financial covenants
including net debt to EBITDA, tangible net worth, interest coverage
and minimum liquidity of which we believe IAMGOLD will remain
comfortably in compliance." Moody's said. In lieu of a letter of
credit previously committed for the asset retirement obligation at
the Doyon mine, IAMGOLD has committed restricted cash of $83.3
million at June/16 (is included in the $700 million cash balance,
above).

The positive outlook reflects our expectation that the company will
generate positive free cash flow in 2017, and higher production
from Westwood, coupled with improving cash costs could result in a
further strengthening of the company's credit metrics.

The CFR could be upgraded to B1 if IAMGOLD continues to make
progress on both reducing total cash costs per ounce (revenue less
EBITDA divided by production), despite hard rock challenges,
towards $800/oz ($865/oz for 1H 2016), and developing its Westwood
mine towards production of 100 m/oz/yr (55m/oz/yr now), while
maintaining leverage below 2.5x (2.0x expected for 2016), and
Moody's gold price expectation doesn't materially decline.

"The CFR could be downgraded to B3 if IAMGOLD's total cash costs
escalate above $950/oz without a higher gold price, if we expect
the company's adjusted debt/EBITDA to be sustained above 5x, or
should we believe the company's liquidity position would materially
contract," Moody's said.

Headquartered in Toronto, Canada, IAMGOLD owns and operates three
gold mines: Rosebel (95% owned,~290koz of estimated attributable
gold production in 2016) in Suriname, Essakane (90%, 370koz) in
Burkina Faso, and Westwood (100%, 55koz) in Canada. The company
also owns 41% of a joint venture (Sadiola, 70koz) in Mali.

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



ILYA GOLUB: Unsecureds To Recover 6% Under Plan
-----------------------------------------------
Ilya Golub and Simona Golub filed with the U.S. Bankruptcy Court
for the Northern District of Illinois an amended disclosure
statement for the Debtors' amended plan of reorganization dated
Sept. 2, 2016.

Under the Plan, allowed Class 7 Unsecured Claims arising prior to
the Petition Date that are not secured by a lien on the Debtors'
property.  The Debtors estimate there are approximately 29
Unsecured Creditors with claims totaling approximately $577,683.48.
These claims are impaired are entitled to vote on the Plan.

Holders of Allowed Class 7 Claims will be paid their pro rata
portion of $35,000 in cash in a single distribution made within 60
days of the Effective Date of the Plan.  Holders of Allowed Class 7
Claims will receive a distribution of approximately 6%.  The cash
used to pay Class 7 claims will come from the Debtors' otherwise
exempt retirement account.

In full satisfaction thereof, holders of allowed Class 7 Unsecured
Claims will receive their pro rata share of $35,000 in cash, as a
single distribution to be paid within 60 days of the Effective Date
of the Plan.  The amount to be distributed to holders of Allowed
Class 7 Claims is greater than the Debtors' projected disposable
income over the next 60 months.

The Debtors are will contribute $35,000 in cash to fund
distributions under the Plan.  This is greater than the Debtors'
projected disposable income over the next 60 months, from otherwise
exempt assets for distribution to Class 7 Claims.  The Debtors
believe that this contribution of cash from otherwise exempt assets
ensures the feasibility of the Plan.  Due the reduction of their
personal expenses, the Debtors will live on a break-even basis and
be able to pay the outstanding obligations to secured claims.

The Amended Disclosure Statement is available at:

           http://bankrupt.com/misc/ilnb16-10968-34.pdf

The Plan was filed by the Debtors' counsel:

     William J. Factor, Esq.
     Ariane Holtschlag, Esq.
     FACTORLAW
     105 W. Madison, Suite 1500
     Chicago, IL 60602
     Tel: (312) 878-4830
     Fax: (847) 574-8233
     E-mail: wfactor@wfactorlaw.com
             aholtschlag@wfactorlaw.com

                         About The Golubs

Ilya Golub and Simona Golub, a married couple residing in Lake
County, work as IT director and pharmacist, respectively.

The Debtors sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. N.D. Ill. Case No. 16-10968) on March 30, 2016.


INNOVATION VENTURES: S&P Affirms 'B+' CCR on Proposed Refinancing
-----------------------------------------------------------------
S&P Global Ratings said that it affirmed its 'B+' corporate credit
rating on Farmington Hills, Mich.-based Innovation Ventures LLC.
The rating outlook is stable.

At the same time, S&P assigned its 'BB' issue-level rating and '1'
recovery rating to Innovation Ventures' proposed $75 million
revolving credit facility due in 2021 and $400 million term loan
due in 2021.  The recovery rating is '1', indicating the prospect
for very high recovery (90%-100%) of principal in the event of a
payment default.

S&P will withdraw the ratings on the company's senior secured notes
due in 2019 after the transaction closes and the notes have been
fully repaid.  S&P also have withdrawn the ratings on the proposed
$525 million secured credit facilities and the
$400 million senior unsecured notes from the cancelled August 2016
transaction.

S&P estimates that the company's pro forma reported debt will be
$400 million when the transaction closes.

"The rating affirmation reflects our view that, similar to the
transaction the company contemplated in August, the proposed
secured credit facilities provide clarity on financial policy and
how the company will allocate its cash flows between owner
distributions and future debt repayment.  The transaction includes
$475 million of new committed debt and pays a cash dividend of $24
million to shareholders.  The new bank facilities include
maintenance financial covenants, large mandatory debt amortization
payments, and incurrence-based leverage tests before permitting
additional shareholder returns.  As a result, we estimate on an
adjusted basis that Innovation Ventures' leverage will be about
1.4x at transaction close, compared to about 1.2x for the 12 months
ended June 30, 2016.  We also believe the company will meet its
term-loan amortization requirements because of continued good cash
flow generation, underpinned by our belief that the company's sales
will continue to modestly grow, resulting in leverage declining
closer to 1x over the next 18 months.  Because we can now quantify
the future dividend levels, which we believe will total about $250
million in the first year, there is more visibility around the
timing and amount of dividends to the company's owners than before.
That reflects the company's ability under its proposed bank
facility agreements to pay dividends totaling 100% of net income
provided that it maintains $50 million in liquidity," S&P said.

Although this transaction is strictly a refinancing of debt at
slightly lower leverage levels than the recently proposed
transaction to sell Innovation Ventures to Renew Group Private
Ltd., S&P believes the possibility of a future transaction either
for its founder to exit or to provide a growth platform outside of
the U.S. remains a possibility.  Therefore, S&P believes the event
risk associated with any future transaction constrains the current
ratings from being higher than otherwise suggested by its business
strength, financial strength, and still-weak governance.

"Our corporate credit rating on Innovation Ventures also reflects
the company's narrow product line and reliance on a single brand,
the ongoing risk of legal actions, negative publicity related to
its products, and a lack of governance controls.  The company is a
single-product business within a niche category in the U.S. Its
5-hour Energy product contributes substantially all of its revenues
within the U.S.  In our opinion, the product still faces the risk,
albeit declining, of unfavorable actions by federal and local
regulators, including the potential for product bans in certain
local markets.  Moreover, consumer perception and demand for 5-hour
Energy could be harmed by criticism from some health-care
professionals and unfavorable publicity alleging health risks
related to use of the product.  Although we believe the high
margins could attract competition from established beverage
companies, we believe these competitive threats have made little
progress against 5-hour Energy, which enjoys a more than 90% share
of the niche U.S. energy shot market and favorable product display
at checkout counters," S&P noted.

S&P's base-case assumptions for Innovation Ventures reflect these:

   -- U.S. real GDP growth in the low-single-digit percentages in
      2016 and 2017.  Slightly positive sales growth in 2016 and
      2017--similar to the rate of economic growth--because of
      mature market demand.

   -- There are no meaningfully unfavorable regulatory
      developments, including significant restrictions on the sale

      and marketing of energy shots, or substantial unfavorable
      media coverage related to the product's possible impact on
      consumers' health.

   -- Slight EBITDA decline in 2016 because of higher new product
      development or legal expenses, compared to 2015 and then
      remaining flat annually thereafter.

   -- Free cash flow of about $260 million annually after annual
      maintenance capital expenditures of about $5 million.

   -- Sizeable required annual term loan amortization of
      $40 million.

   -- Dividends of about $250 million in fiscal-year 2017 and
      negligible discounted cash flow (DCF) of about $6 million.

   -- No material acquisitions.

Based on these assumptions, S&P expects the company to maintain
leverage below 2x and funds from operations (FFO) to debt of at
least 50% in 2016 and 2017, the strength of which S&P discounts in
its financial assessment because its projected DCF to debt ratio of
well below 20% over the next 12 months is much weaker.

S&P believes Innovation Ventures has adequate liquidity.  S&P
forecasts that the company's liquidity sources will exceed uses by
1.6x over the next year, and that its liquidity sources will cover
uses, even if forecast EBITDA declines by 30%.  Although S&P
typically views this liquidity coverage to be strong, it don't
believe overall liquidity is strong because the company doesn't
have a strong standing in the credit markets.  There are no public
bonds or other data to assess this standing.  S&P also don't
believe the company could absorb high-impact, low-probability
events with limited need for refinancing, such as a product recall
that leads to significant reputational damage.  Furthermore, S&P
don't consider its banking relations as particularly strong, given
the proposed maintenance covenants and higher than customary annual
amortization requirements on the secured facilities.  There are no
contractual debt maturities until 2021 when the proposed secured
credit facilities mature.  S&P assess financial risk management as
generally prudent, given its good free cash flow generation and
absence of near-term debt maturities.

Principal liquidity sources:

   -- Total cash and short-term investments of about $68 million
      expected at transaction close.
   -- Projected annual FFO of about $270 million.
   -- Full availability of Innovation's proposed $75 million
      revolver due in 2021.

Principal liquidity uses:

   -- $24 million of proposed discretionary dividends paid at
      transaction close.
   -- Shareholder distributions for taxes of about $90 million
      annually.  Based on S&P's profit forecast, it estimates tax-
      related distributions of about $30 million annually.
   -- Capital expenditures of about $5 million annually.
   -- Sizeable annual amortization of $40 million until fiscal
      2019, when annual amortization increases to $60 million
      through maturity.

Other credit consideration

S&P lowered its 'bb' anchor two notches, based on S&P's weak
assessment for management and governance.  Although the proposed
governance framework includes establishing a board of advisers,
this board would serve only in an advisory capacity and S&P
continues to believe that substantially all management and
governance decisions rest with the CEO.

The stable outlook reflects S&P's view that the company's sales
volume will steadily grow while its EBITDA margins remain
relatively flat.  This should permit the company to generate good
cash flows while it funds shareholder returns and repays debt of at
least $40 million resulting in debt to EBITDA well below 2x over
the next year.

S&P could lower the rating if unfavorable regulatory or legal
scrutiny, or unfavorable media coverage of the 5-Hour Energy
product lead to significant double-digit volume declines pressuring
the company cash flows.  Such a development could cause Innovation
Ventures to lose significant market share, weaken its debt to
EBITDA to more than 2x, and result in a downgrade.  S&P
estimates EBITDA would need to decline by more than 40% for this to
occur.

S&P believes a higher rating is unlikely without a more favorable
assessment of the company's management and governance.  S&P's
management and governance assessments could improve if Innovation
Ventures establishes a board with several independent directors and
with relatively equitable voting power to the CEO.


INTELLIPHARMACEUTICS INT'L: Responds to Recent Trading Activity
---------------------------------------------------------------
Intellipharmaceutics International Inc., at the request of
Investment Industry Regulatory Organization of Canada on behalf of
the Toronto Stock Exchange, confirms that as of Sept. 22, 2016,
they are not aware of any corporate developments that would cause
the recent movement in the Company's share price.

                  About Intellipharmaceutics

Toronto, Canada-based Intellipharmaceutics International Inc. is
incorporated under the laws of Canada.  Intellipharmaceutics is a
pharmaceutical company specializing in the research, development
and manufacture of novel and generic controlled-release and
targeted-release oral solid dosage drugs.  Its patented
Hypermatrix(TM) technology is a multidimensional controlled-
release drug delivery platform that can be applied to the
efficient development of a wide range of existing and new
pharmaceuticals.  Based on this technology, Intellipharmaceutics
has a pipeline of product candidates in various stages of
development, including filings with the FDA in therapeutic areas
that include neurology, cardiovascular, gastrointestinal tract,
diabetes and pain.

Intellipharmaceutics reported a net loss of US$7.43 million on
US$4.09 million of revenues for the year ended Nov. 30, 2015,
compared to a net loss of US$3.85 million on US$8.76 million of
revenues for the year ended Nov. 30, 2014.

As of May 31, 2016, the Company had US$3.81 million in total
assets, US$5.78 million in total liabilities and a shareholders'
deficiency of US$1.96 million.

Deloitte LLP issued a "going concern" opinion on the consolidated
financial statements for the year ended Nov. 30, 2015, citing that
the Company's recurring losses from operations and shareholders'
deficiency raise substantial doubt about its ability to continue
as a going concern.


INTERNATIONAL SHIPHOLDING: Court OKs DIP Financing on Final Basis
-----------------------------------------------------------------
Judge Stuart M. Bernstein of the U.S. Bankruptcy Court for the
Southern District of New York authorized International Shipholding
Corporation and its affiliated debtors to obtain postpetition
financing and use cash collateral on a final basis.

The Debtors previously sought authorization from the Court to
obtain up to $16,000,000 in senior secured super-priority
debtor-in-possession financing from SEACOR Capital Corp., as DIP
Agent, and DVB Bank SE and SEACOR Capital Corp. and/or one or more
of their designated affiliates or other lender parties thereto from
time to time.

The Debtors are indebted to:

     (a) Regions Bank, as administrative and collateral agent, and
the Regions Facility Lenders, in the amount of $59,540,000;

     (b) DVB Lenders and DVB Bank, as mandated lead arranger,
facility agent, and security trustee, in an amount not less than
$27,383,583;

     (c) Capital One, National Association, in an amount not less
than $5,915,591.48; and

     (d) Citizens Asset Finance, Inc. f/k/a RBS Asset Finance,
Inc., in an amount not less than $16,809,658.

The Debtors granted to the Prepetition Secured Parties the
following liens and security interests:

     (i) in connection with the Regions Facility, valid, perfected,
binding non-avoidable, and enforceable first priority security
interests in and liens on, subject to certain exceptions,
substantially all personal property of the Regions Facility
Borrowers and the U.S. flagged vessels, (a) Green Ridge;
(b)Mississippi Enterprise; (c) Texas Enterprise; (d) Florida
Enterprise; (e) Coastal 202; (f) Louisiana Enterprise; (g) Coastal
101; (h) Coastal 303; and (i) Rosie Paris; owned by the Regions
Facility Borrowers along with customary assignments of earnings and
insurance and other collateral related to such vessels;
          
    (ii) in connection with the ING Facility, valid, perfected,
binding, non-avoidable, and enforceable first priority security
interests in the Singaporean flagged vessels (a) Bali Sea and (b)
Banda Sea along with customary assignments of earnings and
insurance and other collateral related to such vessels;

   (iii) in connection with the DVB Facility, valid, perfected,
binding, non-avoidable, and enforceable first priority security
interests in the U.S. flagged vessel Green Bay along with customary
assignments of earnings and insurance and other collateral related
to such vessel;

    (iv) in connection with the Capital One Facility, valid,
perfected, binding, non-avoidable, and enforceable first priority
security interests in, and liens on, the Marshall Islands flagged
vessel Oslo Wave along with customary assignments of earnings and
insurance and other collateral related to such vessel; and

     (v) pursuant to the Citizens Facility, first priority security
interests in the Marshall Islands flagged vessel Green Dale along
with customary assignments of earnings and insurance and other
collateral related to such vessel.

Judge Bernstein acknowledged that the Debtors have a critical need
to obtain secured postpetition financing under the DIP Facility and
use the Prepetition Secured Parties' Cash Collateral in order to,
among other things, preserve their going concern value, pay costs
and expenses related to the administration of the Chapter 11 cases,
and satisfy other working capital and operational needs during the
Chapter 11 cases.

The DIP Agent, for the benefit of itself and the DIP Lenders, was
granted valid, binding, continuing, enforceable, unavoidable, and
full perfected security interests in and liens on all of the
Debtors' assets, including the Prepetition Collateral, and all
their products and proceeds.  The DIP Agent was also granted a
superpriority administrative expense claim against each Debtor,
having priority over any and all other administrative expenses.

Judge Bernstein granted the Prepetition Secured Parties, other than
the ING Parties, and also known as the AP Prepetition Secured
Parties, replacement liens on all DIP Collateral, excluding
avoidance actions, and subject and subordinate to the Carve Out,
the DIP Liens, and the valid and perfected Prepetition Liens of the
AP Prepetition Secured Parties on their respective Prepetition
Collateral.  The AP Prepetition Secured Parties were also granted
superpriority claims, subject and subordinate in all respects to
the Carve Out, and the DIP Superpriority Claims.

The other Prepetition Secured Parties were granted replacement
liens on all DIP Collateral, excluding avoidance actions, subject
and subordinate to the Carve Out, the DIP Liens, the valid and
perfected Prepetition Liens of the AP Prepetition Secured Parties
on the respective Prepetition Collateral, and the Senior Adequate
Protection Liens.  They were also granted superpriority claims that
are subject and subordinate to the Carve Out, the DIP
Superpriority Claims and the Senior Adequate Protection
Superpriority Claims.

The Debtors were directed to make the following adequate protection
payments:

     (1) all interest payments at the applicable non-default rates
due and payable under the relevant Prepetition Facilities of the AP
Prepetition Secured Parties;

     (2) beginning August 2016, pay additional $25,000 per month to
Capital One Lender;

     (3) beginning September 2016, pay additional $50,000 per month
to the Citizens Lender; and

     (4) pay all agency and letter of credit fees and reasonable
and documented professional fees and expenses in accordance with
the applicable Prepetition Facility.

The Carve-Out consists of:

     (1) all fees required to be paid by the Debtors to the clerk
of the Bankruptcy Court and to the U.S. Trustee;

     (2) all reasonable and documented fees and expenses incurred
by any chapter 7 trustee , if any, in an aggregate amount not to
exceed $25,000;

     (3) all accrued and unpaid claims for fees, costs, and
expenses incurred at any time before the Trigger Date or any
monthly or other fees payable to persons or firms retained by the
Debtors or the Official Committee of Unsecured Creditors; and

     (4) all Professional Fees incurred on and after the Trigger
Date and allowed by the Bankruptcy Court at any time, whether
before or after the Trigger Date, which will not exceed $750,000.

A full-text copy of the Final Order, dated Sept. 21, 2016, is
available at https://is.gd/maptyo

           About International Shipholding Corporation

International Shipholding Corporation, through its subsidiaries,
operates a fleet of U.S. and foreign flag vessels that provide
international and domestic maritime transportation services to
commercial and governmental customers.  The company maintains its
headquarters in Mobile, Alabama.

International Shipholding and its affiliates sought Chapter 11
protection (Bankr. S.D.N.Y. Case No. 16-12220) on July 31, 2016.
The petitions were signed by Manuel G. Estrada, vice president and
CFO.

The Debtors are represented by David H. Botter, Esq., Sarah Link
Schultz, Esq., and Travis A. McRoberts, Esq., at Akin Gump Strauss
Hauer & Feld LLP.  The Debtors' Restructuring Advisor is Blackhill
Partners, LLC.  Their Claims, Noticing & Balloting Agent is Prime
Clerk LLC.

The Debtors disclosed total assets at $305 million and total debt
at $227 million as of
March 31, 2016.

The U.S. Trustee appointed Masters, Mates, and Pilots Benefit
Plans, Seafarers International Union, and U.S. Ocean LLC to serve
on the official committee of unsecured creditors of International
Shipholding.


INTERNATIONAL SHIPHOLDING: Selling Two Tug Vessels for $165K
------------------------------------------------------------
International Shipholding Corp., and its affiliated debtors ask the
U.S. Bankruptcy Court for the Southern District of New York to
authorize the private sale of tug vessels United States Tug
"Coastal 303" for $125,000, and United States Tug "Rosie Paris" for
$40,000, to Southern Dawn, LLC.

The Debtors and their non-debtor affiliates are engaged in
waterborne cargo transportation and maintain a diversified customer
base with emphasis on medium and long-term contracts.
International Shipholding operates a diversified fleet of 21 U.S.
and foreign flag vessels that provide domestic and international
maritime transportation services to commercial and governmental
customers.

Since 2014, International Shipholding has encountered certain
challenges related to complying with its debt covenants and overall
liquidity restraints.  In an attempt to strengthen its financial
position, International Shipholding has taken certain steps to
reduce debt to more manageable levels and to increase liquidity,
including efforts to sell assets.  As relevant to the Motion, the
Debtors determined to market for sale to third-party buyers two
unnecessary and burdensome assets: the United States Tug "Coastal
303" and the United States Tug "Rosie Paris" ("Assets").

The Coastal 303 is a tug vessel used by the Debtors in their Jones
Act business segment.  Towards the end of 2015, the Debtors
determined that their Jones Act vessel capacity was in excess of
demand.  The Debtors therefore determined to market and sell the
Coastal 303.

The Rosie Paris is a small tug vessel that the Debtors employed in
their Jones Act business segment in lieu of chartering third-party
tug services.  The Debtors have determined that the costs to
service and maintain the Rosie Paris as compared to these
third-party tug services are cost-prohibitive, and the Debtors
therefore decided to market the Rosie Paris for sale.

The Debtors initiated the marketing process for Assets in April
2016.  Prepetition the Debtors utilized the services of 2 well
established brokers specializing in vessel sales to market the
Assets: Jacq. Pierot Jr. & Sons, Inc. and Compass Maritime Services
("Brokers").  Specifically, the Brokers served as a point of
contact for interested parties to discuss the purchase of either
Asset.  The market for vessels such as the Assets is limited
because, among other things, both vessels are U.S. flag vessels and
purchasers generally prefer vessels whose labor unions correspond
to the union of vessels they already own.

Although 3 parties inquired about the Assets with the Brokers, the
Debtors failed to attract any potential buyers with respect to the
Assets in either April or May 2016, and therefore strongly
considered scrapping the Assets for their material value.  However,
in June 2016, the Debtors received an indication of interest in the
Assets from the Buyer.  The Debtors subsequently engaged in
negotiations with the Buyers for the Assets, and on June 20, 2016,
following a successful negotiation period and given the lack of any
other interested buyers, the Debtor and Assets owner U.S. United
Ocean Services, LLC ("Seller") entered into 2 Memorandums of
Agreement ("Sale Agreements") with respect to the sale of the
Assets.

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

http://bankrupt.com/misc/International_Shipholding_182_Sales.pdf

The Debtors have discussed the sale of the Assets pursuant to the
Sale Agreements with the Debtors' prepetition lenders, DIP Agent,
and the Committee, and although discussions are continuing with
these parties, the Debtors have received no objection to the sale
of the Assets as described in this motion.  With respect to the
Rosie Paris, the Asset originally served as collateral with respect
to the Debtors' Senior Facility with Regions Bank as administrative
agent and collateral agent.  Regions Bank agreed to release its
lien on the Rosie Paris to permit the sale to proceed, which
occurred prior to these chapter 11 cases.  The Coastal 303
continues to serve as collateral with respect to the Debtors'
Senior Facility.  Both Assets are first priority security for the
Debtors' DIP financing, and therefore all of the proceeds from the
sale of the Assets will be used to pay down a portion of the DIP
loans.

The Sale Agreements originally required consummation of the sale
and delivery of the Assets no later than Aug. 30, 2016, with an
option for either party to terminate if the other party failed to
perform.  Upon information and belief, the Buyer has agreed that it
will not terminate the Sale Agreements if the Asset sales are
approved by the Bankruptcy Court and consummated no later than
Sept. 30, 2016.

Pursuant to the Sale Agreements, the Debtors have agreed to sell
the Assets according to these terms:

   a. Assets: The United States Tug "Coastal 303" and the United
States Tug "Rosie Paris"

   b. Seller: U.S. United Ocean Services, LLC

   c. Buyer: Southern Dawn, LLC

   d. Purchase Price: $125,000 for the Coastal 303 and $40,000 for
the Rosie Paris

   e. Releases: None

   f. Other: A 5% earnest money deposit was previously wired by the
Buyer to the Seller, with the balance of the purchase price to be
paid upon closing.

The sale of the Assets constitutes an arm's-length transaction
between the Debtors and an unaffiliated third party.  As set forth,
the Debtors believe that the sale proceeds represent reasonably
equivalent value for the Assets.  The Debtors have kept their
prepetition and DIP lenders apprised of the negotiations and
analysis regarding the sale of the Assets.

Time is of the essence in consummating the Assets sale, and the
Debtors and the Buyer intend to close on the sale transaction as
soon as reasonably practicable.  Accordingly, the Debtors request
that the Court waive the 14-day stay imposed by Bankruptcy Rules
6004(h) and 6006(d), as the exigent nature of the relief sought
herein justifies immediate relief.

The Purchaser can be reached at:

          DAWN SERVICES, LLC
          851 Mac Arthur Ave.
          Harvey, LA 70058
          Attn: John Charpentier
          Facsimile: (504) 363-0060
          E-mail: johnc@dawnoffshore.com

                  About International Shipholding

International Shipholding Corporation filed a chapter 11 petition
(Bankr. S.D.N.Y. Case No. 16-12220) on July 31, 2016.  Its
affiliated debtors also filed separate chapter 11 petitions.  The
petitions were signed by Manuel G. Estrada, vice president and
chief financial officer.

The Debtors are represented by David H. Botter, Esq., Sarah Link
Schultz, Esq., and Travis A. McRoberts, Esq., at Akin Gump Strauss
Hauer & Feld LLP.  The Debtors' restructuring advisor is Blackhill
Partners, LLC.  Their claims, noticing & balloting agent is Prime
Clerk LLC.

The Debtors disclosed total assets at $305 million and total
debt at $227 million as of March 31, 2016.


INVENTIV HEALTH: Moody's Affirms B3 Corporate Family Rating
-----------------------------------------------------------
Moody's Investors Service affirmed the B3 Corporate Family Rating
and B3-PD Probability of Default Rating of inVentiv Health, Inc.
("inVentiv"). Moody's also assigned a B2 rating to inVentiv's
proposed $1.68 billion term loan B and a Caa2 rating to its
proposed unsecured notes offering. The proceeds of the debt,
alongside new equity from Advent International Corporation to
acquire an ownership stake in the company, will be used to
refinance existing debt, pay fees and expenses and provide a
distribution to the existing shareholders (namely Thomas H. Lee
Partners).

Moody's also revised the rating outlook to positive from stable.
The positive outlook reflects Moody's expectation that favorable
industry fundamentals will continue to drive increases in revenue
and earnings. Combined with lower cash interest expense, due to the
proposed refinancing transaction, this earnings growth will lead to
increased free cash flow and reduced financial leverage. The
proposed transaction, while modestly leveraging, will also remove
near-term refinancing risk.

Moody's also affirmed the Speculative Grade Liquidity Rating of
SGL-2, signifying our expectation for good liquidity over the next
12 months.

The ratings on inVentiv Health's existing debt instruments will be
withdrawn upon repayment.

The following rating actions were taken:

   Issuer: inVentiv Health, Inc.

   Assigned:

   -- New $1.68 billion Senior Secured Term Loan B due 2023 at B2,

      LGD 3

   -- New $720 million Senior Unsecured notes due 2024 at Caa2,
      LGD 5

   Affirmed:

   -- Corporate Family Rating at B3

   -- Probability of Default Rating at B3-PD

   -- Speculative Grade Liquidity Rating at SGL-2

   Ratings to be withdrawn upon repayment:

   -- Senior Secured Bank Credit Facility, B1, LGD 2

   -- Senior Secured Regular Bond/Debenture, B1, LGD 2

   -- Senior Secured Regular Bond/Debenture, Caa1, LGD 5

   -- Senior Unsecured Regular Bond/Debenture, Caa2, LGD 6

Outlook to positive from stable

RATINGS RATIONALE

The B3 rating reflects inVentiv's high leverage, with adjusted debt
to EBITDA of approximately 7.5x pro forma for the proposed
refinancing transaction. The rating is also constrained by inherent
volatility in the pharmaceutical services business where project
cancellations or delays can have a significant impact on companies
like inVentiv. The rating is supported by positive industry trends,
as pharmaceutical companies increase outsourcing to reduce costs,
as well as inVentiv's good size and diversity of service offerings.
Further supporting the ratings is our expectation for good
liquidity over the next 12 -- 18 months.

The ratings could be upgraded if the company is able to sustain
strong EBITDA growth, such that adjusted debt to EBITDA is expected
to be sustained below 6.5x. Further, if the company demonstrates a
track record of consistently positive free cash flow, Moody's could
upgrade the ratings.

Moody's could downgrade the ratings if liquidity weakens or if
leverage is expected to increase materially from current levels due
to reduced revenue or weakening of margins.

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

inVentiv, headquartered in Burlington, Massachusetts, is a provider
of outsourced services to the pharmaceutical, life sciences and
healthcare industries. inVentiv provides a broad range of clinical
development, communications and commercialization services to
clients to assist in the development and commercialization of
pharmaceutical products and medical devices. For the twelve months
ended June 30, 2016, the company reported approximately $2.1
billion in net service revenues. InVentiv will be privately owned
by Thomas H. Lee Partners and Advent.


ITT EDUCATIONAL: Common Stock Delisted from NYSE
------------------------------------------------
The New York Stock Exchange LLC filed a Form 25-NSE with the
Securities and Exchange Commission notifying the removal from
listing or registration of ITT Educational Services Inc.'s common
stock under Section 12(b) of the Securities Exchange Act of 1934 on
the Exchange.

                    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 and its subsidiaries ESI Service Corp. and Daniel
Webster College, Inc. ceased operations and commenced bankruptcy
proceedings by filing voluntary petitions for relief under Chapter
7 of the Bankruptcy Code in the U.S. Bankruptcy Court for the
Southern District of Indiana, Indianapolis Division on Sept. 16,
2016.


J P S Completion: Has Authorization to Use Cash on Interim Basis
----------------------------------------------------------------
Judge Craig A. Gargotta of the U.S. Bankruptcy Court for the
Western District of Texas authorized J P S Completion Fluids, Inc.,
to use cash collateral on an interim basis.

Judge Gargotta permitted the Debtor to use cash collateral for
these expenses:

     (a) $150 a month for Internet at JPS office in Mathis;
     (b) $480 a month for electric at the Office and Fab Shop in
Mathis;
     (c) $40 a month for water at Louisiana house;
     (d) $300 a month for electric at Louisiana house;
     (e) All US Trustee fees as and when they come due; and
     (f) $2,195 monthly payments from September 2016 to April 2017
for insurance premium financing.

All parties with prepetition security interest in the Debtor's cash
collateral were granted a post-petition security interest in the
Debtor's presently unencumbered postpetition assets, but only to
the extent of the Debtor's actual use of such entities' cash
collateral.

A full-text copy of the Interim Order, dated Sept. 20, 2016, is
available https://is.gd/BTlw3R

               About J P S Completion Fluids

JPS Completion Fluids, Inc., a domestic corporation with principal
place of business in Mathis, San Patricio County, Texas, provided
chemicals and other completion fluids for the oil and gas
industry.

JPS sought Chapter 11 protection (Bankr. W.D. Tex. Case No.
16-51110) on May 11, 2016.  The petition was signed by Sergio
Garza, vice president.  Judge Craig A. Gargotta is assigned to the
case.

Nathaniel Peter Holzer, Esq., at the Jordan Hyden Womble Culbreth &
Holzer PC, serves as the Debtor's counsel.

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

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


JASMINE HOLDINGS: Asks Court to Approve Plan Disclosures
--------------------------------------------------------
Jasmine Holdings, LLC, filed with the U.S. Bankruptcy Court for the
Central District of California a motion for court order
conditionally approving the Debtor's disclosure statement for the
Chapter 11 plan of reorganization.

The Debtor asks that the hearing to confirm the Plan be held on
Oct. 12, 2016, at 1:30 p.m.

The Debtor filed the Plan and the Disclosure Statement on Sept. 2,
2016.

Headquartered in Yucaipa, California, Jasmine Holdings, LLC, dba
Jasmine Holdings, LLC, A Nevada Limited Liability Company, filed
for Chapter 11 bankruptcy protection (Bankr. C.D. Calif. Case No.
16-13447) on April 18, 2016, listing $5.30 million in total assets
and $724,463 in total liabilities.  The petition was signed by
Jamie Diaz-Fonseca, managing member.

Judge Meredith A. Jury presides over the case.

Richard J Hassen, Esq., at Hassen & Associates serves as the
Debtor's bankruptcy counsel.


JEANETTE GUTIERREZ: Selling San Antonio Property for $57K
---------------------------------------------------------
Jeanette M. Gutierrez asks the U.S. Bankruptcy Court for the
Western District of Texas to authorize the private sale of real
property located at 4215 Skelton Drive, San Antonio, Texas, more
particularly described as Lot 43, Block 4, New City Block 12631,
Fairfield Manor, recorded in the Real Property Records of Bexar
County, Texas, to Alicia Gonzales for $57,000, with $1,000 paid in
advance and the remaining balance to be paid in cash at closing.

The Debtor desires to sell the property free and clear of any
interest other than that of the estate with all valid liens,
claims, or encumbrances to attach the proceeds of such sale.

The Debtor proposes to transfer their interest in the property
Gonzales pursuant to the terms of the earnest money contract.

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

       http://bankrupt.com/misc/Jeanette_Gutierrez_124_Sales.pdf

The Debtor is informed and believes that the property is encumbered
by the following liens:

    a. Bexar County Texas: $1,363
    b. Ovation Services: $6,388
    c. Jefferson Bank: $119,750
    d. Internal Revenue Service: $1,202,586

The Debtor estimates that closing costs will total approximately
$3,410 and real estate commission will total $3,420.  After payment
of closing costs, real estate commission, property taxes, tax loans
and other costs applicable to the closing of the sale, the Debtor
anticipates there will be approximately $44,381 from the sale
available for payment towards the mortgage lien of Jefferson Bank.
If the mortgage lien of Jefferson Bank has been satisfied from the
proceeds of this sale and/or from the sale of other properties, any
remaining proceeds from the sale will be applied to the Internal
Revenue Service lien. The Debtor proposes that the net sales
proceeds be paid to the lien holders in the order set forth.

The estimated or possible tax consequences to the estate resulting
from the sale are none.

The Debtor further requests that the order authorizing the sale not
be stayed pursuant to Bankruptcy Rule 6004(g).

The Purchaser can be reached at:

          Alicia Gonzales
          4222 Skelton Drive
          San Antonio, TX 78219
          Telephone: (210) 630-0276
          E-mail: rogerzz00@gmail.com

                       About Jeanette M. Gutierrez

Jeanette M. Gutierrez and her spouse own and operate a couple of
businesses San Antonio, Texas, including GP Auto Sales, Inc., which
is involved in used car sales; Gutierrez P. Enterprises, LLC, which
owns and rents several residual rental properties in San Antonio,
Texas; and FCRE, Inc.

Jeanette M. Gutierrez sought Chapter 11 protection (Bankr. W.D.
Tex. Case No. 15-52100g) on Aug. 31, 2015.

The Debtor tapped David T. Cain, Esq. at Law Office of David T.
Cain as counsel.


JEANNIE KILE: Disclosures Okayed, Plan Hearing on Dec. 7
--------------------------------------------------------
The U.S. Bankruptcy Court for the Eastern District of Washington
will consider approval of the Chapter 11 plan of reorganization of
Jeannie Kile at a hearing on December 7.

The hearing will be held at 2:30 p.m., at the U.S. Bankruptcy
Court, 904 West Riverside Avenue, Spokane, Washington.

The court had earlier approved the Debtor's disclosure statement,
allowing her to start soliciting votes from creditors.  

The Sept. 9 order set a November 21 deadline for creditors to cast
their votes and a November 28 deadline to file their objections.

The Debtor is represented by:

     John D. Munding, Esq.
     Munding, P.S.
     1610 W. RIVERSIDE AVE.
     Spokane, WA 99201
     Tel: (509) 624-6464

Jeannie Kile sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. E. D. Wash. Case No. 16-00643).  The case is assigned
to Judge Frederick P. Corbit.


JEFFREY HERRMANN JAFFE: Disclosures OK'd; Hearing on Oct. 5
-----------------------------------------------------------
The Hon. Craig A. Gargotta of the U.S. Bankruptcy Court for the
Western District of Texas has approved the first amended disclosure
statement that Jeffrey Herrmann of Jaffe filed along with the
Debtor's plan of reorganization.

The confirmation hearing on the Debtor's First Amended Plan is
scheduled for Oct. 5, 2016, at 9:00 a.m.  The deadline for filing
ballots and objections to the confirmation is set for the close of
business on Sept. 26, 2016.

The deadline for the Debtor to file the ballot summary is Oct. 3,
2016.

As reported by the Troubled Company Reporter on Aug. 1, 2016,
Edwards Aquifer Authority asked the Court to deny approval of the
Disclosure Statement detailing the sale plan proposed by the
debtor.  In a filing with the U.S. Bankruptcy Court for the Western
District of Texas, EEA complained in particular about the lack of
information regarding the sale of Mr. Jaffe's property located at
300 Alameda Circle, Olmos Park, Texas.

                  About Jeffrey Herrmann Jaffe

Jeffrey Herrmann Jaffe filed a Chapter 11 Petition on February 12,
2016 (Bankr. W.D. Tex. Case No. 16-50355), and is represented by
Steven G. Cennamo, Esq., at Malaise Law Firm, in San Antonio,
Texas.


JUAN EDUARDO: Disclosures Okayed; Plan Hearing Set for Nov. 30
--------------------------------------------------------------
Juan Eduardo Guzman obtained bankruptcy court approval of his
disclosure statement in support of the Plan of Reorganization, and
is now authorized to solicit acceptances of the Plan.

Solicitation of ballots for the Plan must be received no later than
Nov. 16, 2016.

A Nov. 30, 2016, 10:00 a.m. hearing has been scheduled to consider
confirmation of the Plan.

                          About Juan Guzman

Juan Eduardo Guzman sought bankruptcy protection under Chapter 11
of the Bankruptcy Code (Bankr. C.D. Cal. Case No. 15-11157) on May
30, 2015.  The Debtor is represented by Onyinye Anyama, Esq., of
Anyama Law Firm, P.C.


KENNETH ARTHURS: Disclosure Statement Hearing on Nov. 4
-------------------------------------------------------
The U.S. Bankruptcy Court for the Western District of Pennsylvania
is set to hold a hearing on November 4, at 10:00 a.m., to consider
approval of the disclosure statement explaining the Chapter 11 plan
of Kenneth and Brenda Arthurs.

The hearing will take place at Courtroom B, Penn Traffic Building,
319 Washington Street, Johnstown, Pennsylvania.  Objections are due
by October 28.

            About The Arthurs

Kenneth J. Arthurs and Brenda L. Arthurs sought protection under
Chapter 11 of the Bankruptcy Code (Bankr. W. D. Pa. Case No.
15−70795).  The case is assigned to Judge Jeffery A. Deller.


KLD ENERGY: Seeks Dec. 20 Extension to Solicit Plan Votes
---------------------------------------------------------
KLD Energy Technologies, Inc. asks the U.S. Bankruptcy Court for
the Western District of Texas to extend its exclusive period to
obtain acceptances of its Plan through December 20, 2016.

The Debtor relates that it filed its Original Chapter 11 Plan of
Reorganization on June 3, 2016.  The Debtor further relates that
the Plan has not been accepted by each class of impaired claims
under the Plan.

The Debtor tells the Court that it has made significant progress
towards reorganization and/or liquidation during the first four
months of the bankruptcy case.  The Debtor further tells the Court
that it continues to negotiate with potential purchasers and other
interested parties to aid in either the reorganization or
liquidation of the Debtor.

              About KLD Energy Technologies, Inc.

KLD Energy Technologies, Inc., which engages in the engineering,
development, and manufacturing of electric drive systems, sought
Chapter 11 protection (Bankr. W.D. Tex. Case No. 16-10345) on March
25, 2016.  The petition was signed by Mark Wabschall, chief
financial officer.  The case is assigned to Juge Christopher H.
Mott.  The Debtor tapped Lynn H. Butler, Esq., at Husch Blackwell
LLP, as counsel.  The Debtor estimated assets and debt of $10
million to $50 million.


KUBCO DECANTER: Wants to Use Amegy Bank Cash Collateral
-------------------------------------------------------
Kubco Decanter Services, Inc. asks the U.S. Bankruptcy Court for
the Southern District of Texas for authorization to use Amegy Bank
of Texas' Cash Collateral for a period of eight months.

The Debtor owes Amegy Bank of Texas with a total value at the time
of filing that exceeds $1,262,044, for which the Debtor granted a
lien in its inventory and accounts to secure the payment of debt.


The Debtor tells the Court that it can only operate its business if
it can utilize Cash Collateral since its only source of funds comes
from its collections in the ordinary course of its business.  The
Debtor further tells the Court that it needs to use cash collateral
for the payment of reasonable and necessary operating expenses
which include utilities, maintenance, payroll, equipment purchases
and other miscellaneous expense.

The Debtor contends that the interests of Amegy Bank is adequately
protected by existing liens on the Debtor’s fixed assets and the
monthly replacement liens on new sales as they accrue.

The Debtor proposes the following additional adequate protection:

     (a) Post-petition Replacement liens;

     (b) Financial and Business Reports;

     (c) Review and copy of the Debtor's Books and Records;

     (d) Audits and Inspections; and

     (e) Superpriority Priority Expense Claims.

The Debtor submitted an Interim Five Week Budget, projecting total
operating expenses of $107,329.

A full-text copy of the Debtor's Motion, dated September 13, 2016,
is available at https://is.gd/jI5N2x


                  About Kubco Decanter Services, Inc.  
           
Kubco Decanter Services, Inc. filed a Chapter 11 petition (Bankr.
S.D. Tex. Case No. 16-34581), on September 9, 2016.  The petition
was signed by Russel O'Brien, vice-president.  The case is assigned
to Judge Jeff Bohm. The Debtor is represented by Peter Johnson,
Esq. at the Law Offices of Peter Johnson of Houston, TX. At the
time of filing, the Debtor disclosed $1.26 million in total assets
and $1.63 million in total liabilities.


LA PAZ COUNTY IDA: S&P Lowers Rating on Revenue Bonds to 'BB'
-------------------------------------------------------------
S&P Global Ratings lowered its long-term rating to 'BB' from 'BBB'
on La Paz County Industrial Development Authority, Ariz.'s revenue
bonds.  The rating remains on CreditWatch with negative
implications, where it was placed June 3, 2016.  

The lowered rating reflects S&P's view of the industry's inherent
volatility, primarily because of the potential fluctuation for
facility demand, its essentiality, and the uncertainty created by
event risks and changes in policy at the federal level.  As a
result of the Aug. 18, 2016 memo by the U.S. Department of Justice
directing the Federal Bureau of Prisons to "reduce and ultimately
end the use of privately operated prisons" based on the assertion
that they do not maintain the same level of safety and security and
do not save substantially on costs relative to facilities operated
by the Federal Bureau of Prisons the Department of Homeland
Security directed a subcommittee to review its current policy and
practices concerning the use of private immigration detention
centers and evaluate whether the practice should be eliminated.  A
potential policy shift could have a significant impact on the
credit quality of the bonds secured by revenues pledged under
contracts with Immigration and Customs Enforcement (ICE) due to the
nature of the federal contracts.  All of the contracts with ICE are
term-limited and subject to renewal and termination.

"While we believe the Department of Justice actions and Department
of Homeland Security subcommittee indicate a potential shift in
federal policy with respect to private detention centers, we are
distinguishing between contracts with the Federal Bureau of Prisons
and ICE," said S&P Global Ratings credit analyst Jenny Poree.
"Further, there is capacity within the FBOP system to transfer
inmates to FBOP operated facilities whereas according to ICE, there
is only capacity to house 11% of the current detainee population in
ICE owned and operated facilities, creating a practical limitation
on the speed and magnitude of potential detainee movement.  We will
continue to monitor the situation and take necessary rating actions
as necessary," Ms. Poree added.


LACONTI CONCRETE: Auction of Assets on Oct. 8 Approved
------------------------------------------------------
Judge Michael B. Kaplan of the U.S. Bankruptcy Court for the
District of New Jersey authorized LaConti Concrete and Masonry,
Inc., to conduct a public auction of vehicles, machinery and
equipment.

The auction is on Oct. 8, 2016 at 10:00 a.m. at the Building and
Storage Yard located at 359 Route 35 South, Cliffwood Beach, New
Jersey.

The Debtor is authorized to consummate the public sale of the
vehicles, machinery and equipment to the highest and best bidder(s)
and to reserve the right to consummate the sale to the second
highest bidder(s) in the event that the initial bidder(s) will
default and fail to close; and to reject any bid if the Debtor, in
its business judgment, believes the bid is too low.

The sale will be free and clear of liens, claims and encumbrances
with valid liens, claims and encumbrances, if any, to attach to the
proceeds and in accordance with the terms and conditions of the
order.

The proposed private sale of vehicles and equipment to Peter
LaConti for $22,438, subject to certain adjustments, is approved
subject to the terms and conditions of the order for the amount set
forth in the notice of proposed private sale which will be paid to
the Debtor's estate within 14 days after the entry of the within
order.

The sale to Mr. LaConti will be free and clear of liens, claims and
encumbrances with valid liens, claims and encumbrances, if any, to
attach to the proceeds and in accordance with the terms of the
Order.

After allowing for the costs of the auction including compensation
of the auctioneer for the auctioneer's commissions and expenses,
there will be deducted from the net proceeds of the public and
private sales a carve out in favor of the Debtor's estate in the
amount of 20% which will be payable to the Debtor's estate.

The balance of the proceeds of sale will be payable to the United
States of America-Internal Revenue Service with respect to its
secured claim.

The terms of the public auction sale will be consistent with the
notice of proposed public sale requiring purchasers to provide a
25% deposit at the time of sale with the balance to be paid within
5 business days.  All purchasers will be responsible for removing
assets purchased at the sale at the purchaser's cost and expense.

The Debtor will transfer ownership of the assets without any
warranties as to title other than those expressly stated herein
that the assets being sold are assets of the Debtor's bankruptcy
estate.

The Debtor is authorized to sign and provide to any purchaser(s)
such documents as may be necessary to transfer title to any of the
assets being sold pursuant to the Order.

If any purchaser defaults in the payment of the purchase price or
otherwise defaults in the performance of any of the other terms of
the auction sale, the Debtor may retain the entire deposit as
liquidated damages and may also proceed with sale of the asset to
any back-up bidder(s).

                 About LaConti Concrete & Masonry

LaConti Concrete & Masonry, Inc., sought Chapter 11 protection
(Bankr. D.N.J. Case No. 15-22806) on July 8, 2015.  Judge Michael
B. Kaplan is assigned to the case.

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

The Debtor tapped Peter Broege, Esq. at the  Broege Neumann Fischer
& Shaver, LLC, as counsel.

The petition was signed by James LaConti, president.



LAW-DEN NURSING: Seeks Authorization to Use Cash Collateral
-----------------------------------------------------------
Law-Den Nursing Home, Inc., asks the United States Bankruptcy Court
for the Eastern District of Michigan for authorization to use cash
collateral.

The Debtor relates that it requires the use of cash collateral to
continue operating its long-term skilled nursing Facility, located
at 1640 Webb in Detroit, Michigan and to pay its nearly 67
employees who provide care for its residents.  

The Debtor tells the Court that its value as a going concern comes
from its ongoing operations, and its ability to attract residents
to and keep residents in the facility.  The Debtor further tells
the Court that without the use of its receivables, it will be
forced to immediately shut down operations, displacing its
residents and employees, and cease providing quality nursing care.


The Debtor expects that it will need to spend a minimum of
$244,150, to avoid immediate and irreparable harm during the first
30 days of its case.  

The Debtor believes that its cash collateral consists of:

     (a) Accounts receivable, the value of which is approximately
$440,000 as of Aug. 30, 2016, payable by from HMOs (Fidelis, Aetna,
Amerihealth, Molina).

     (b) Deposit accounts held at Comerica Bank, in the aggregate
amount of $33,169 as of the petition date.

The Debtor anticipates that the State of Michigan Department of
Health and Human Services will assert a second priority interest in
the Debtor’s cash collateral in the approximate total amount of
$1,754,373.98, of which amount $693,346.39 is in the nature of a
Quality Assurance Assessment Program Tax, and $1,061,027.59 is in
the nature of a Medicaid recoupment.

The Debtor also anticipates that Wayne County Treasurer will assert
a third priority interest for its claim for property taxes against
the Debtor and 1640 Webb Corporation jointly because the Debtor
formed a consent agreement with the Wayne County Treasurer for
payment of delinquent property taxes on the parcel upon which the
Debtor operates.

As adequate protection for the use of Cash Collateral, Debtor
proposes, among other things, these terms:

     (1) Adequate protection payments to:

          (a) the MDHHS $3,867.64 per month, which is equal to the
estimated monthly interest which will accrue on the $1,754,373.98
combined State of Michigan claims over 60 months, and

          (b) Wayne County Treasurer the amount of $6,000 per month
on its claim in order to satisfy the terms of the consent
agreement, and forestall applicable interest from accruing and
capitalizing on the principal tax claim at the rate of 18%.

     (2) Further adequate protection, including reporting
requirements, restrictions on Debtor's activities including
adherence to the Budget, and rights upon the occurrence of an Event
of Default.

A copy of the Debtor's Motion dated September 13, 2016 is available
at https://is.gd/UaIwZ1
       

                    About Law-Den Nursing Home

Law-Den Nursing Home, Inc. filed a Chapter 11 petition (Bankr. E.D.
Mich. Case No. 16-52058) on August 30, 2016.  The petition was
signed by Todd Johnson, administrator.  The Debtor is represented
by Clinton J. Hubbell, Esq., at Hubbell Duvall PLLC, in Southfield,
Michigan.  The case is assigned to Judge Phillip J. Shefferly.  At
the time of its filing, the Debtor estimated assets at $0 to
$50,000 and liabilities at $1 million to $10 million.  



LEONORA MANOR: Sale of Woodland Hills Property to LARR Approved
---------------------------------------------------------------
Judge Victoria S. Kaufman of the U.S. Bankruptcy Court for the
Central District of California authorized Leonora Manor, LLC, to
sell the real property located at 23293-23295 Ventura Boulevard,
Woodland Hills, California, Units 3, 4 and 5 to LARR, LLC.

A sale hearing was held on Sept. 8, 2016.

The sale is free and clear of all liens, claims, encumbrances and
interests.

The Debtor is authorized to cause to be paid, and Wilshire Escrow
("Escrow"), is authorized to pay, the following costs of sale and
liens from the sale:

   a. Costs of sale, including payment of title insurance,
insurance premiums, escrow fees and expenses, and any unpaid pro
rata share of property taxes;

   b. Brokers' commissions; and

   c. The liens of Pacific Marlin, LP, Los Angeles Tax Collector,
and Ventura West Owners Association.

Escrow will deposit all of the net proceeds ("Net Proceeds") in
Debtor's counsel's trust account with Weintraub & Selth, APC
("WS").

WS will issue the Debtor a check in the amount of the Net Proceeds,
less a $20,000 carve-out for attorneys' fees, for deposit into the
Debtor's Debtor-in-Possession General Account. The Debtor will not
use said funds other than for U.S. Trustee fees, until further
order of the Court.

                     About Leonora Manor LLC

Leonora Manor, LLC, filed a Chapter 11 bankruptcy petition (Bankr.
E.D. Cal. Case No. 15-13076) on Sept. 15, 2015.  Daniel J.
Weintraub Esq., at Weintraub & Selth APC, as bankruptcy counsel.



LEVEL ACRES: Court Terminates Use of Cash Collateral
----------------------------------------------------
Judge Carl L. Bucki of the U.S. Bankruptcy Court for the Western
District of New York, upon the request of the Comptroller of the
State of New York, as Trustee for the New York State Common
Retirement Fund, issued an order terminating Level Acres, LLC's
authority to use cash collateral.

The Troubled Company Reporter, reported earlier that the
Comptroller asked the Court for relief from the automatic stay with
respect to its effect on the Comptroller's collateral known as 2129
Stannards Road, Wellsville, New York, and to terminate the Debtor's
authority to use cash collateral.

The Comptroller contended that the Debtor is indebted to it in the
amount of $1,417,806, which is secured by a mortgage on, among
other things, the Debtor's real property.

The Comptroller told the Court that it entered into a Cash
Collateral Stipulation with the Debtor, where the Debtor was to
make monthly adequate protection payments commencing on June 15,
2016.  The Comptroller further told the Court that the Debtor
failed to make the payments due July 15, 2016 and Aug. 15, 2016,
and that the Debtor has failed to cure the default despite being
given notice of the default.


                     About Level Acres

Level Acres, LLC, based in Wellsville, N.Y., filed a Chapter 11
bankruptcy petition (Bankr. W.D.N.Y. Case No. 16-10964) on May 13,
2016.  The petition was signed by Kevin P. Clark, sole member.  The
case is assigned to Judge Carl L. Bucki.  The Debtor is represented
by Mike Krueger, Esq., at Dibble & Miller, P.C.  The Debtor
disclosed total assets of $939,000 and total liabilities of $2.60
million.  


LIBERTY ASSET: Selling Arcadia Property to TT for $13.5M
--------------------------------------------------------
Liberty Asset Management Corp. asks the U.S. Bankruptcy Court for
the Central District of California to authorize the sale the real
property and improvements located at 1020 S. Baldwin Avenue,
Arcadia, California ("Baldwin Property"), and at 652 Fairview
Avenue, Arcadia, California, APN 5778-006-005 ("Fairview Property")
to TT Investment Los Angeles Fund I, LLC, for $13,500,000, subject
to overbid.

A hearing on the Motion is set for Nov. 4, 2016 at 11:00 a.m.

Prior to cessation of operations, the Debtor was a real estate
management company with Benjamin Kirk as 100% member.

Prior to the creation of the Debtor, Mr. Kirk had a personal and
professional relationship with Lucy Gao, including a child between
them. In the ordinary course of business, the Debtor would identify
real estate projects to acquire, the Debtor would fund the
acquisition of such properties and a special-purpose entity would
be formed to own and operate the properties.  Ms. Gao was
responsible for the creation of the entities and structured many of
them with herself (Lucy Gao) as the sole member.  Approximately two
years ago, the personal relationship of these individuals came to
an end.

The Debtor determined that the commencement of the bankruptcy case
was necessary and proper to stay litigation and use the powers of
the Court to preserve assets for the benefit of creditors.  Upon
commencement of the case, the Debtor has already initiated certain
adversary proceedings for a determination as to the ownership of
the various properties and entities.  Such claims were assigned to
the Committee to pursue and, recently, a stipulation was executed
and approved by the Court pursuant to which numerous assets and
rights have been turned over to the Debtor.

The Debtor's goal for this bankruptcy is to generate funds to pay
its creditors.

On May, 2016, the Debtor engaged Keller Williams Santa
Monica/Pacific Palisades, and in particular Lulu Knowlton to serve
as its real estate broker ("Broker") to market the Property for
sale.  The Court thereafter entered its order authorizing the
Debtor's employment of Keller Williams to serve as its real estate
broker for the Baldwin Property and Fairview Property ("Property").
In the event of a successful sale of the Property to a buyer
procured by the Broker, the Broker will be entitled to the payment
of a broker commission equal to 4% of the gross sale price from the
proceeds of such sale at the closing.

The marketing and sale efforts have been fruitful and have resulted
in the successful negotiation of that certain Asset Purchase
Agreement dated Aug. 16, 2016, as amended by the Bidding Procedures
Order ("APA") between the Debtor and the Buyer, pursuant to which
the Buyer has agreed, subject to Court approval, to purchase the
Property and improvements, and take assignment of the Existing
Lease for a purchase price of $13,500,000.

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

      http://bankrupt.com/misc/Liberty_Asset_227_Sales.pdf


In addition, as part of the proposed sale transaction to be
approved by the Motion, the Buyer and the Debtor have agreed to a
conditional reduction in the outstanding amount of the buyer claim
for the Buyer's secured claim in the Debtor's estate ("Buyer
Claim").  Unless the Buyer fails to provide sufficient evidence to
support allowance of the buyer claim such that the Debtor in its
reasonable discretion cannot confirm the validity (including
amount), priority and enforceability of the Buyer Claim and the
adjusted buyer claim by Sept. 30, 2016, the Debtor requests that
the Buyer receive an allowed secured claim, subject to reduction to
the agreed amount of $900,000 ("Adjusted Buyer Claim") if the Buyer
is the successful bidder, of if the Buyer is not the successful
bidder, but the closing of the sale occurs on or before Nov. 30,
2016.

In the event the Buyer fails to provide sufficient evidence to
support allowance of the Buyer Claim such that the Debtor in its
reasonable discretion cannot confirm the validity (including
amount), priority and enforceability of the Buyer Claim and the
Adjusted Buyer Claim by Sept. 30, 2016, or after the Debtor has
used best efforts to prosecute the allowance of the Buyer Claim and
the Adjusted Buyer Claim, the Court does not allow the Buyer Claim
or the Adjusted Buyer Claim for whatever reason, the Buyer is
nonetheless obligated to close the sale transaction if it is the
successful bidder and all other conditions to the Buyer closing are
satisfied, but any discount of the Buyer Claim to the amount of the
Adjusted Buyer Claim provided in the APA will be void.

Subject to Court approval, the Debtor proposes to sell the Property
to Buyer, free and clear of liens, claims and interests, subject to
overbid, and in accordance with the terms and conditions set forth
in the APA.

The salient terms of the APA are:

   a. Purchase Price: $13,500,000 and assignment of Existing Lease

   b. Good Faith Deposit: $405,000 or 3% of the purchase price to
the estate

   c. Sale Subject to Overbid at Auction: Auction to be conducted
by the Debtor on Oct. 21, 2016, at 10:00 a.m. at the law offices of
Levene, Neale, Bender, Yoo & Brill L.L.P.,

   d. Sale Hearing: Nov. 4, 2016 at 11:00 a.m.

The Debtor asks the Court to authorize the Debtor to assume the
lease relating to the Property between Arcadia Pacific Investments,
LLC and AMF Bowling Centers, Inc. dated March 31, 1999 ("Existing
Lease") and to assign the Existing Lease to the Buyer or a
successful overbidder.

The Property are connected and improved with a commercial building,
which includes an operating bowling alley.  The bowling alley is
leased to a third party tenant, AMF Bowling Centers, Inc. The lease
commenced on March 31, 1999 and, based on options exercised by the
tenant, will terminate on June 30, 2019.  Pursuant to the lease,
the current base annual rent is $356,708, paid monthly in the
amount of $29,726. In addition, based on the fact that this is a
triple-net lease, the tenant is responsible for all other expenses,
including property taxes.  The Debtor understands that the tenant
has not paid all outstanding property taxes.

The Debtor believes that the Property is encumbered by liens
securing three asserted secured claims.  Shanghai Commercial Bank,
Ltd. asserts a first priority, secured claim in the amount of
$3,535,048, which the Debtor does not dispute.  The Debtor intends
to pay the secured claim of Shanghai Commercial Bank in full from
the proceeds of the sale.

The Buyer asserts that it holds the second priority secured claim.
As part of the consideration for transaction, the Buyer has agreed
to reduce the Buyer Claim to the adjusted Buyer Claim amount of
$900,000 ("Adjusted Buyer Claim") if the Buyer is the purchaser of
the Property hereunder, or if the Buyer is not the successful
bidder, but the closing of the sale of the Property occurs
hereunder on or before Nov. 30, 2016.  The Buyer's lien for the
buyer claim and the Adjusted Buyer Claim will attach to the sale
proceeds.  The Debtor will have the authority to pay the secured
claim of the Buyer from the sale proceeds if the Buyer Claim and
the Adjusted Buyer claim are allowed.

Heusing Holdings asserts a third priority secured claim in the
amount of $4,000,000, which the Debtor disputes. The lien of
Heusing Holdings will attach to escrowed sale  proceeds in the
amount of the secured claim pending resolution of the claim
dispute.
Huntington Spring Asset. LLC ("HSA") borrowed $1,500,000 in cash
from Blue Sky Communications pursuant to promissory notes dated
Sept. 20, 2013 and restated Nov. 21, 2013 ("Buyer Debt").  The
Buyer Debt was guaranteed by Goldstone Property Management, LLC and
Goldstone agreed to secure the guaranty by granting a deed of trust
on the Property ("Deed of Trust") in favor of Blue Sky. Goldstone,
owner of the Property at that time, granted the deed of trust on or
about Feb. 11, 2014, recorded it on March 10, 2014, and further
guaranteed the Buyer Debt by the Guaranty and Security Agreement
dated June 1, 2014.

As of July 31, 2016, the total Buyer Debt amount was $964,118,
which is based on the outstanding balance as of June 30, 2014 of
$742,545 with interest at the contractual rate of 10% (initially
$203 per diem compounded daily).  The amount also includes $48,960
in legal, foreclosure and other expenses incurred since June 30,
2014.

The Debtor ask the Court to authorize the Debtor to pay the secured
claims of Shanghai Commercial Bank from the sale proceeds, the
Adjusted Buyer Claim, and the Buyer Claim from the sale proceeds;
and authorize the Debtor to establish an escrow of the sale
proceeds in the amount of the disputed secured claim of Huesing
Holdings, and any other disputed secured claims and interests.

To facilitate the most expeditious sale closing possible, the
Debtor requests that the order granting this Motion be effective
immediately upon entry by providing
that the 14-day stay periods provided by Bankruptcy Rule 6004(h)
and 6006(d) are waived.

The Purchaser:

          TT INVESTMENT LOS ANGELES FUND I, LLC
          310 Washington Blvd., Suite 802
          Marina Del Rey, CA 90292
          Attn: Ted Hsu, Manager

The Purchaser is represented by:

          Ted Maloney, Esq.
          RICHARDSON & MALONEY LLP
          El Segundo, CA 90245
          E-mail: tm@richardsonmaloney.com

                       About Liberty Asset

West Covina, California-based Liberty Asset Management Corporation
filed for Chapter 11 protection (Bankr. C.D. Cal. Case No.
16-13575) on March 21, 2016.  David B. Golubchik, Esq., at Leven
Neale Bender Yoo & Brill LLP, represents the Debtor in its
restructuring effort.  The Debtor estimated assets at $100 million
to $500 million and debts at $50 million to $100 million.  The
petition was signed by Benjamin Kirk, CEO.



LINN ENERGY: Consenting Creditors Agree to Extend Plan Filing Date
------------------------------------------------------------------
Linn Energy, LLC disclosed in a regulatory filing with the
Securities and Exchange Commission early this month that the
Debtors and certain of consenting creditors have entered into the
First Amendment to Restructuring Support Agreement, which extended
the date by which the Debtors' bankruptcy-exit plan must be filed.

Prior to the filing of the Bankruptcy Petitions, on May 10, 2016,
the Debtors entered into a restructuring support agreement with
certain holders collectively holding or controlling at least 66.67%
by aggregate outstanding principal amounts under (i) the Company's
Sixth Amended and Restated Credit Agreement, dated as of April 24,
2013 and (ii) Berry Petroleum Company, LLC's Second Amended and
Restated Credit Agreement, dated as of November 15, 2010.

The Restructuring Support Agreement sets forth, subject to certain
conditions, the commitment of the Debtors and the Consenting
Creditors to support a comprehensive  restructuring of the Debtors'
long-term debt, which will be effectuated through one or more plans
of reorganization (the "Plan") to be filed in the Chapter 11
Cases.

On September 8, 2016, the Debtors and certain of the Consenting
Creditors entered into the First Amendment to Restructuring Support
Agreement, which extended the date by which the Plan (or Plans, if
separate), the Plan Solicitation Materials (as defined in the
Restructuring Support Agreement) for the Plan (or Plans, if
separate), and the motion or motions to approve the Disclosure
Statement (or Disclosure Statements, if separate, and as defined in
the Restructuring Support Agreement) must be filed with the Court
from 120 days to 135 days following the Petition Date.

On April 4, 2016, the Company, Linn Energy Finance Corp., and all
of the Company's material subsidiaries, other than Berry  entered
into a settlement agreement with certain holders of the Company's
$1.0 billion of outstanding 12% Senior Secured Second Lien Notes
due 2020 and Delaware Trust Company, as successor trustee and
collateral trustee.  The Settlement Agreement was executed by the
Settling Holders, which collectively held more than two-thirds of
the outstanding principal amount of the Notes.  

The Settlement Agreement provided that the Trustee, Collateral
Trustee and Settling Holders would retain the right to assert
certain claims and defenses in the event that the Alternative
Settlement Agreement Order (as defined in the Settlement Agreement)
was not entered by the Court on or before November 15, 2016.

On September 8, 2016, the Issuers, Guarantors, Trustee, Collateral
Trustee and Settling Holders collectively holding more than
two-thirds of the outstanding principal amount of the Notes entered
into a Second Amendment to Settlement Agreement.  The Second
Amendment extends the Alternative Settlement Agreement Order Date
to December 8, 2016, and additionally provides that the Trustee,
Collateral Trustee and Settling Holders would also retain the right
to assert those certain claims and defenses if the motion to
approve the Alternative Settlement Agreement Order is not filed by
September 23, 2016.

A copy of the First Amendment to Restructuring Support Agreement,
dated as of September 8, 2016, by and among the Debtors and the
supporting parties thereto, is available at https://is.gd/yv3LGn

A copy of the Second Amendment to Settlement Agreement, dated as of
September 8, 2016, by and among the Issuers, the Guarantors, the
Trustee and the Settling Holders thereto, is available at
https://is.gd/vBLGs4

The Second Amendment to Settlement Agreement provides that the
Settlement Agreement applies only to the Credit Trading Group of
J.P. Morgan Securities LLC and the Notes Claims beneficially held
by that group.

J.P. Morgan Securities LLC may be reached at:

     Jeff Panzo
     J.P. Morgan Securities LLC
     Credit Trading Group
     277 Park Avenue, 11th Floor
     Mail Code: NY1-L204
     New York, New York 10172
     Fax: 212-270-4074
     E-mail: Jeffrey.L.Panzo@JPMorgan.com

Citadel Equity Fund Ltd. is a signatory to the Second Amendment.
It may be reached at:

     Citadel Equity Fund Ltd.
     c/o Citadel LLC
     131 South Dearborn Street
     Chicago, IL 60603
     Attn: Legal Department
     Tel: 312-395-2100
     Fax: 312-267-7300

                     About Linn Energy

Headquartered in Houston, Texas, Linn Energy, LLC, and its
affiliates are independent oil and natural gas companies. Each
of Linn Energy, LLC, and 14 of its subsidiaries filed a voluntary
petition under Chapter 11 of the Bankruptcy Code (Bankr. S.D. Tex.
Lead Case No. 16-60040) on May 11, 2016. The petitions were
signed by Arden L. Walker, Jr., chief operating officer of LINN
Energy.

The Debtors have hired Paul M. Basta, Esq., Stephen E. Hessler,
Esq., Brian S. Lennon, Esq., James H.M. Sprayregen, Esq., and
Joseph M. Graham, Esq., at Kirkland & Ellis LLP and Kirkland &
Ellis International LLP as general bankruptcy counsel, Jackson
Walker L.L.P. as co-counsel, Lazard Freres & Co. LLC as financial
advisor, AlixPartners as restructuring advisor and Prime Clerk LLC
as claims, notice and balloting agent.

Judge David R. Jones presides over the cases.

The Office of the U.S. Trustee has appointed five creditors of
Linn
Energy LLC to serve on the official committee of unsecured
creditors.


MATTHEW HALPER: Hearing on Plan Outline Set For Oct. 18
-------------------------------------------------------
The Hon. John K. Olson of the U.S. Bankruptcy Court for the
Southern District of Florida has scheduled for Oct. 18, 2016, at
10:30 a.m. the hearing to consider the adequacy of Matthew Halper
and Jeselie Halper's disclosure statement describing the Debtor's
plan of reorganization.

The Troubled Company Reporter said that 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

Matthew Halper and Jeselie Halper filed for Chapter 11 bankruptcy
protection (Bankr. S.D. Fla. Case No. 15-18297).  The Debtors are
represented by:

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


MEDIASHIFT INC: Court Enters Case Dismissal Order
-------------------------------------------------
BankruptcyData.com reported that the U.S. Bankruptcy Court issued
an order authorizing and directing distribution of funds of the
estates to creditors, dismissing MediaShift's Chapter 11 bankruptcy
cases and providing related relief.  The Company sought this
dismissal motion.  As previously reported, "The Debtors submit that
'cause' exists for the relief requested in the Motion because, (a)
the Court-approved sale of substantially all of the Debtors (the
'Asset Sale') only generated net proceeds sufficient to make a pro
rata distribution on administrative claims, (b) after the Asset
Sale, the Debtors' remaining assets consisted of the net proceeds
from the Asset Sale, and other cash held by counsel in trust for
the Debtors, and certain litigation claims, (c) after an extensive
investigation by the Official Committee of Unsecured Creditors (the
'Committee') of alleged potential litigation claims against certain
of the Debtors' current and former directors and officers (the 'D&O
Claims'), the Committee informed the Debtors that the Committee did
not believe that any viable, cost-effective D&O claims existed, (d)
the Debtors are unaware of any other viable, cost effective
litigation claims that exist that would result in a net benefit to
the estates, particularly after considering fees and expenses that
would be incurred in pursuing litigation claims and the additional
costs of administration that would be incurred while such claims
were pursued, and, therefore, (e) no further purposes would be
served by prolonging the Cases and seeking confirmation of a
liquidating plan other than to diminish the pro rata distribution
to be made to administrative creditors, which would prejudice such
creditors, and (f) likewise, converting the Debtors' Cases to
Chapter 7 would also prejudice administrative creditors by adding a
layer of additional Chapter 7 administrative claims further
reducing the current projected pro rata distribution on the allowed
administrative claims set forth in the Distribution Chart, and (2)
in addition to the foregoing facts supporting dismissal, the
Committee has advised the Debtors that it has no objection to the
dismissal of the Debtors' Cases and the related disbursement of
remaining funds requested pursuant to the Motion, which weighs
heavily in favor of granting such relief."

                      About MediaShift, Inc.

MediaShift, Inc., is a digital advertising technology company.  The
Company, through its subsidiaries offers operators of private
internet networks to monetize their audiences through distributed
ad technology platforms and across multiple devices.

MediaShift, Inc., and Ad-Vantage Networks, Inc., filed Chapter 11
bankruptcy petitions (Bankr. C.D. Cal. Lead Case No. 15-25024) on
Sept. 30, 2015.  Rick Baran, the president, signed the petitions.
The Debtors estimated both assets and liabilities of $10 million to
$50 million.

The Debtors have engaged Levene, Neale, Bender, Yoo & Brill L.L.P,
as counsel; Houlihan Lokey Capital, Inc. as financial advisor and
investment banker.

Judge Sandra R. Klein is assigned to the cases.

The Office of the U.S. Trustee appointed four creditors to the
official committee of unsecured creditors.  Danning, Gill, Diamond
& Kollitz, LLP, represents the committee.


METABOLIX INC: Closes $10M Sale of Assets to CJ CheilJedang
-----------------------------------------------------------
Metabolix, Inc. has completed the sale of its biopolymer
intellectual property and certain equipment and inventory to an
affiliate of CJ CheilJedang Corporation for a total purchase price
of $10 million.  The first $2 million of the purchase price was
paid by CJ on execution of the binding letter of intent in August
2016, and the $8 million balance was paid on closing of the
transaction.  In connection with the asset sale, Metabolix also
entered into a sublease with CJ covering approximately one-third of
the Company's Woburn, Massachusetts facility.

"Completion of the transaction strengthens our balance sheet and
provides resources to take Yield10 Bioscience forward as our core
business," said Joseph Shaulson, president and CEO of Metabolix.
"Yield10 is developing breakthrough technologies to significantly
increase the inherent yield of food and feed crops.  As we move
forward, the Yield10 team will be focused on advancing our
technology platforms, generating proof points on our portfolio of
novel yield traits and forming collaborations around key crops."

In July, Metabolix announced its new strategic direction and a
related restructuring designed to bring staffing levels to
approximately 20 people with an annual net cash burn rate in the
range of $5 million once completed.  The Company plans to provide
an update on its Yield10 Bioscience business in the coming weeks.

                        About Metabolix

Metabolix, Inc. is implementing a strategic plan under which the
Company has wound down its legacy PHA biopolymer business and
Yield10 Bioscience will become its core business, with a focus on
developing disruptive technologies for step-change improvements in
crop yield.  Yield10 is leveraging Metabolix's extensive track
record of innovation based around optimizing the flow of carbon
intermediates in living systems.  Yield10 is working on new
approaches to improve fundamental elements of plant metabolism
through enhanced photosynthetic efficiency and directed carbon
utilization.  Yield10 is advancing several yield traits in
development in crops such as camelina, canola, soybean and corn.
The Company is based in Woburn, Mass.

As of June 30, 2016, Metabolix had $9.38 million in total assets,
$5.24 million in total liabilities and $4.14 million in total
stockholders' equity.

Metabolix reported a net loss of $23.68 million in 2015, a net loss
of $29.53 million in 2014 and a net loss of $30.50 million in
2013.

PricewaterhouseCoopers LLP, in Boston, Massachusetts, 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
insufficient capital resources, which raises substantial doubt
about its ability to continue as a going concern.


MFLR LLC: Unsecured Creditors to Get 100% Under Ch. 11 Plan
-----------------------------------------------------------
MFLR, LLC, filed with the U.S. Bankruptcy Court for the Western
District of Texas Glasir Medical, LP, and MFLR, LLC's joint
disclosure statement to joint plan of reorganization.

Under the Plan, the Class 3 claims consist of the claims of general
unsecured creditors.  The unsecured claims included the claims
scheduled on the Debtors' Schedules (Schedule F) or filed with the
Court, including any amendments to schedules and claims, and are
estimated to be in the approximate amount of $233,000.

The Class 3 creditors will receive 100% of the creditor's allowed
claim in 20 quarterly payments starting the first day of the first
quarter occurring 30 days after the Effective Date.  The Class 3
claims are deemed to be impaired under the Plan and will vote on
the Plan.

The fair and equitable requirement in the context of a class of
unsecured claims requires that either:

     1. the holders are to receive property with a present value
        equal to the allowed amount of their claims; or

     2. no holders in a class junior to the rejecting class are to

        receive any property.

Allowed unsecured claims will be paid 100% of their claims in
quarterly payments over five years from confirmation.

The Plan was filed by the Debtor's counsel:

     THE SMEBERG LAW FIRM, PLLC
     Ronald J. Smeberg, Esq.
     2010 West Kings Highway
     San Antonio, Texas 78201
     Tel: (210) 695-6684
     Fax: (210) 598-7357

Headquartered in San Antonio, Texas, MFLR, LLC, filed for Chapter
11 bankruptcy protection (Bankr. D. W.D. Tex. Case No. 16-50613),
estimating its assets at up to $50,000 and estimated Liabilities:
$1 million to $10 million.  The petition was signed by Thomas
Wilson, manager.  

Ronald J. Smeberg, Esq., at serves as the Debtor's bankruptcy
counsel.


MICHAEL BISHOP: Sale of Callaway Property to Quinns Approved
------------------------------------------------------------
Judge Shon Hastings of the U.S. Bankruptcy Court for the District
of North Dakota authorized Michael Eugene Bishop to sell real
property located at 29291 Buffalo Run, Callaway, Minnesota, to
William J. and Jennifer A. Quinn.

The sale is free and clear of all liens and encumbrances.

The Debtor is authorized to receive and distribute the sale
proceeds as follows (with allowance for minor changes due to
interest or expenses incurred): (i) $739 to Becker County Title
Services, Inc. for the closing costs; (ii) $39,999 to Community
Development Bank for payoff of mortgage; and (iii) $33,131 to Aimee
L. Smith for share of equity payment.  The balance of the net
proceeds which amounts to $33,131 will be paid to lienholder
Pinnacle Bank.

Michael Eugene Bishop sought Chapter 11 protection (Bankr. D.N.D.
Case No. 16-30213) on May 2, 2016.  The Debtor tapped Sara Diaz,
Esq., at the Bulie Law Office, as counsel.


MLFTL INC: Files Plan to Make Rental Payments
---------------------------------------------
MLFTL, Inc., operating as Mattress Land, filed with the U.S.
Bankruptcy Court for the Southern District of Florida a Disclosure
Statement and Plan of Reorganization dated Sept. 16, 2016,
intending to make Plan payments from postpetition operating income
and cash available on the plan effective date.

The Debtor said that its decision to file for bankruptcy protection
has at its core, a tenant confronted with eviction due to a
landlord notice of overdue rent of about 2 months.

The Debtor identified 4 creditors in its case.  Under the Plan,
Class 1 Tax Obligations will be paid over a 5-year period from
Filing Date; Class 2 Secured Claim from Oakland Square LLC is
contingent and disputed; Class 3 Unsecured Claims from Oakland
Sqaure and Bellsouth Telecom will be paid over a 1-year period.

A full-text copy of the Disclosure Statement dated Sept. 16, 2016,
is available at http://bankrupt.com/misc/flsb16-15475-70.pdf

The Debtor is represented by:

         LEWIS AND THOMAS, LLP
         Ronald Lewis, Esq.
         165 E. Palmetto Park Road
         Boca Raton, Florida 33432
         Tel No: (561)368-7474
         Fax No: (561)368-0293

                      About MLFTL Inc

MLFTL, Inc. sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. S.D. Fla. Case No. 16-15475) on April 15, 2016.  The
Debtor is represented by Ronald Lewis, Esq., at Lewis & Thomas,
LLP.


MOHAVE AGRARIAN: Unsecureds To Be Paid From Sale Proceeds
---------------------------------------------------------
Mohave Agrarian Group, LLC, filed with the U.S. Bankruptcy Court
for the District of Nevada a disclosure statement prepared in
connection with the Debtor's first amended Chapter 11 plan of
reorganization dated Sept. 2, 2016.

Under the Plan, holders of Class 5 General Unsecured Claims --
which total $2,271,746.47 -- are impaired.  Holders of non-insider
Class 5(a) General Unsecured Claims will, in full satisfaction,
settlement, release and exchange for the Allowed General Unsecured
Claims, be paid the allowed amount of the claim in cash on the
Effective Date.  Holders of insider Class 5(b) General Unsecured
Claims will only receive distributions when net proceeds of sales
of Reorganized Debtor's real property assets exceed $10 million.
Holders of Class 5(b) will receive 30% of net sales proceeds above
and beyond $10 million, until the claims are paid in full, bearing
interest at the rate of a 10-year treasury note.

Holders of Old Equity Interests will receive 50% of the new
membership interest in the Reorganized Debtor. The remaining 50% of
the new membership interest shall be granted to the New Equity
Investor for providing the Confirmation Funds.

New capital contribution will be used to fund the Plan and will be
distributed or applied in the manner necessary to provide all
required confirmation funds for distribution pursuant to the Plan,
satisfy the costs, expenses, required payments and entitlements
outlined herein on the Effective Date and provide the Reorganized
Debtor with working capital and funding for operations and Plan
needs.  On the Effective Date, that portion of the New Capital
Contribution to be used for the Confirmation Funds will be turned
over to the distribution agent for distribution pursuant to the
Plan.  The New Equity Investor will pay cash to the Reorganized
Debtor in the amount of the Confirmation Funds to be used in
accordance with the provisions of the Plan and has executed a line
of credit or similar device for the balance of the New Capital
Contribution.

The Debtor intends to surrender 3,080 acres of its real property as
part of its Plan.  The business plan for Debtor's remaining real
property assets will consist of a multi-step process of land sales
based upon absorption rates for the market over a period of time,
as further provided in the land plan.

The Disclosure Statement is available at:

           http://bankrupt.com/misc/nvb16-10025-137.pdf

                       About Mohave Agrarian

Headquartered in Las Vegas, Nevada, Mohave Agrarian Group, LLC, is
a privately-held company founded in January 2014.

The Company filed for Chapter 11 bankruptcy protection (Bankr. D.
Nev. Case No. 16-10025) on Jan. 5, 2016, estimating its assets at
between $10 million and $50 million and its liabilities at between
$1 million and $10 million.  The petition was signed by James M.
Rhodes as president of Truckee Springs Holdings, Inc., manager of
Mohave Agrarian.  Fox Rothschild LLP represents the Debtor as
counsel.  Judge Mike K. Nakagawa has been assigned the case.

Brett A. Axelrod, Esq., at Fox Rothschild LLP serves as the
Debtor's bankruptcy counsel.


MOSAIC MANAGEMENT: Court Prohibits Cash Collateral Use
------------------------------------------------------
Judge Erik P. Kimball of the U.S. Bankruptcy Court for the Southern
District of Florida prohibits Mosaic Management Group, Inc. to use
the cash collateral, upon the behest of the Landau Creditors.

Judge Kimball directed the Debtor to deposit any or all of the
death benefits from the life insurance policy of Sylvia Landau in a
segregated account pending further Order of the Court, upon the
Debtor's receipt thereof.

The Troubled Company Reporter, reported on Aug. 26, 2016 that the
Creditors Ada De La Vega Haddock, et al., also known as the Landau
Creditors, asked the Court to prohibit the Debtor from using such
portions of the death benefit of $2,000,000 on Lincoln National
Life Insurance Company policy number xxx4822 on the life of Sylvia
Landau, to be paid to Debtor, as were irrevocably conveyed
pre-petition to the Landau Creditors.  The Landau Creditors said
that their interests in the Death Benefit are not property of the
Debtor's estate and that the Court should compel the Debtor to
abandon them.

The Landau Creditors told the Court that Sylvia Landau died
pre-petition, and at the time of her death, the Death Benefit
vested proportionately in the Landau Creditors.  They further told
the Court that the Landau Creditors' interests in the Death Benefit
are to be received by the Debtor, who is impressed with a trust to
distribute them proportionately to the Landau Creditors, and are
not for the Debtor's general use.

The Landau Creditors contended that their interests in the Death
Benefit, pursuant to the Agency Agreement between them and the
Debtor, should be deposited and segregated in the Landau Creditors'
separate Purchase Deposit Accounts, and disbursed to them.  The
Landau Creditors further contended that they have elected to
receive the disbursement of their proportionate interests in the
Death Benefit, and not re-invest them with the Debtor.

A full-text copy of the Order, dated September 13, 2016, is
available at https://is.gd/XXNhHC


                   About Mosaic Management Group

Mosaic Management Group, Inc. (S.D. Fla. Case No. 16-20833), Mosaic
Alternative Assets Ltd. (S.D. Fla. Case No. 16-20834), and Paladin
Settlements, Inc. (S.D. Fla. Case No. 16-20835), filed Chapter 11
petitions on August 4, 2016.  The petitions were signed by Charles
Thomas Ryals, president and chief executive officer.  Judge Erik P.
Kimball presides over the case.  Leslie Gern Cloyd, Esq., at Berger
Singerman LLP, serves as bankruptcy counsel.

Mosaic Management Group, Inc. estimated assets at $0 to $50,000 and
liabilities at $50,000 to $100,000.

Mosaic Alternative Assets Ltd. estimated assets at $50 million to
$100 million and liabilities at $1 million to $10 million.



MOSAIC MANAGEMENT: Court Prohibits Use of Gratacos Cash
-------------------------------------------------------
Judge Erik P. Kimball of the U.S. Bankruptcy Court for the Southern
District of Florida prohibited Mosaic Management Group, Inc. from
using cash collateral, upon the request of the Gratacos Group.

Judge Kimball ordered that the amount of $172,170 that is currently
being held by the Debtors in a segregated account at BankUnited,
will remain in such segregated account pending further Order of the
Court.

The Troubled Company Reporter earlier reported that the Creditors
Alex D. Hernandez Soto, et. al., also known as the Gratacos Group,
asked the Court to prohibit the Debtor from using cash proportional
to the Gratacos Group's interest in death benefits received by
Debtor on matured life insurance policies it purchased for the
benefit of the Gratacos Group.  

The Gratacos Group contended that it does not consent to the
Debtor's use of cash collateral, and asserted that the Debtor must
segregate the Gratacos Group's cash collateral and account for the
same to the Group.  The Gratacos Group further contended that the
cash received by the Debtor in respect of death benefits
attributable to the Gratacos Group's irrevocably vested interest in
the matured policies, as well as the Gratacos Group's Purchase
Deposit Account, which was set up pursuant to its Agency Agreement
with the Debtor, are cash collateral.

The Gratacos Group related that the Debtor is engaged in the
business of soliciting investors to purchase life insurance
policies, and sell and administer portfolios of fractional
interests in such policies.  The Gratacos Group further related
that it, together with 157 other investors, invested with the
Debtor in expectation of earning returns on its investments.

A full-text copy of the Order dated, September 13, 2016, is
available at https://is.gd/xxqzHb

                      
                 About Mosaic Management Group

Mosaic Management Group, Inc. (S.D. Fla. Case No. 16-20833), Mosaic
Alternative Assets Ltd. (S.D. Fla. Case No. 16-20834), and Paladin
Settlements, Inc. (S.D. Fla. Case No. 16-20835), filed Chapter 11
petitions on August 4, 2016.  The petitions were signed by Charles
Thomas Ryals, president and chief executive officer.  Judge Erik P.
Kimball presides over the case.  Leslie Gern Cloyd, Esq., at Berger
Singerman LLP, serves as bankruptcy counsel.

Mosaic Management Group, Inc. estimated assets at $0 to $50,000 and
liabilities at $50,000 to $100,000.

Mosaic Alternative Assets Ltd. estimated assets at $50 million to
$100 million and liabilities at $1 million to $10 million.



MRI INTERVENTIONS: Amends Second Quarter Form 10-Q
--------------------------------------------------
MRI Interventions, Inc., filed an amendment to its quarterly report
on Form 10-Q for the period ended June 30, 2016, to amend the
disclosures of: (i) weighted average shares outstanding -- basic
and diluted; and (ii) net loss per share attributable to common
stockholders -- basic and diluted, on the Condensed Consolidated
Statements of Operations for the three months ended June 30, 2016,
and 2015, in Part I, Item 1 of its quarterly report on Form 10-Q
for the quarter ended June 30, 2016.  No other sections of the
Original Filing were affected.

In the Original Filing, the weighted average shares outstanding --
basic and diluted for the three months ended June 30, 2016, and
2015 were understated due to calculation errors related to a
reverse stock split effectuated by the Company in July 2016.  These
calculation errors also resulted in the Company overstating the net
loss per share attributable to common stockholders -- basic and
diluted for the three months ended June 30, 2016 and 2015.
Corrections to the foregoing have no impact on our financial
position, net loss or cash flows reported in the condensed
consolidated balance sheets, and statements of operations and cash
flows for the above-mentioned periods.

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

                   https://is.gd/hbdJLh

                  About MRI Interventions

Based in Irvine, Calif., MRI Interventions, Inc., is a medical
device company.  The Company develops and commercializes platforms
for performing minimally invasive surgical procedures in the brain
and heart under direct, intra-procedural magnetic resonance imaging
(MRI) guidance.  It has two product platforms: ClearPoint system,
which is used to perform minimally invasive surgical procedures in
the brain and ClearTrace system, which is under development, to be
used to perform minimally invasive surgical procedures in the
heart.

As of June 30, 2016, MRI Interventions had $6.44 million in total
assets, $10.4 million in total liabilities and a total
stockholders' deficit of $3.96 million.

MRI Interventions reported a net loss of $8.44 million in 2015
following a net loss of $4.52 million in 2014.

Cherry Bekaert LLP, in Charlotte, North Carolina, issued a "going
concern" qualification on the consolidated financial statements for
the year ended Dec. 31, 2015, citing that the Company incurred net
losses during the years ended Dec. 31, 2015, and 2014 of
approximately $8.4 million and $4.5 million, respectively.
Additionally, the stockholders' deficit at December 31, 2015 was
approximately $2 million.  These conditions raise substantial doubt
about the Company's ability to continue as a going concern.


NAMAL ENTERPRISES: Has Until Nov. 1 to File Plan
------------------------------------------------
Judge Michael G. Williamson of the U.S. Bankruptcy Court for the
Middle District of Florida entered an order noting that Debtor
Namal Enterprises LLC should file a Plan and Disclosure Statement
on or before Nov. 1, 2016.

         About Namal Enterprises, LLC, fdba Red Roof Inn
                  Kissimmee, fda Blue Inn LBVS.

Namal Enterprises, LLC fdba Red Roof Inn Kissimmee fdba Blue Inn
LBVS filed a chapter 11 petition (Bankr. M.D. Fla. Case No.
16-07190) on Aug. 22, 2016.  The petition was signed by Syed
Raza, manager.

The Debtor disclosed total assets at $3.14 million and total
liabilities at $1.88 million.  The Debtor is represented by
Richard
J. McIntyre, Esq. and Katie Brinson Hinton, Esq., at McIntyre
Thanasides Bringgold, et. al.


NAMAL ENTERPRISES: Wants to Use TD Bank Cash Collateral
-------------------------------------------------------
Namal Enterprises, LLC asks the U.S. Bankruptcy Court for the
Middle District of Florida for authorization to use TD Bank's cash
collateral.

The Debtor submitted a proposed a six-month operational budget,
which provides for Net Operating Expenses in the amount of
$249,764.

The Debtor is indebted to TD Bank in the approximate amount of
$1,538,971.  TD Bank was granted a security interest in, among
other assets, the Debtor’s accounts receivables, from the
Debtor's property located in Kissimmee, FL.

The Debtor proposes to use Cash Collateral for, among others, the
following purposes:

     (a) Care, maintenance and preservation of the Debtor’s
assets;

     (b) Payment of necessary payroll and other business expenses;

     (c) Purchase of goods and services, including inventory; and

     (d) Continued business operations.

The Debtor contends that the interest of TD Bank will be adequately
protected by the Debtor’s continued operation.  The Debtor
intends to provide TD Bank with replacement liens to the same
extent and validity as held by TD Bank Pre-Petition.

A full-text copy of the Debtor's Motion, dated September 13, 2016,
is available at https://is.gd/6G3H0U

A full-text copy of the Debtor's proposed Budget, dated September
13, 2016, is available at https://is.gd/1YINNh


             About Namal Enterprises, LLC, fdba Red Roof Inn
                           Kissimmee, fda Blue Inn LBVS.

Namal Enterprises, LLC fdba Red Roof Inn Kissimmee fdba Blue Inn
LBVS filed a chapter 11 petition (Bankr. M.D. Fla. Case No.
16-07190) on August 22, 2016.  The petition was signed by Syed
Raza, manager.

The Debtor disclosed total assets at $3.14 million and total
liabilities at $1.88 million. The Debtor is represented by Richard
J. McIntyre, Esq. and Katie Brinson Hinton, Esq., at McIntyre
Thanasides Bringgold, et. al.


NAUTILUS DEVELOPMENT: Court OKs Use of $55K Cash Collateral
-----------------------------------------------------------
Judge James J. Tancredi of the U.S. Bankruptcy Court for the
District of Connecticut authorized Nautilus Development, Inc. to
use cash collateral on an interim basis, in an amount not exceeding
$55,805, until Sept. 30, 2016.

The cash collateral is subject to the security interests of Dime
Savings Bank and RCN Capital, LLC.

Judge Tancredi granted Dime Savings Bank and RCN Capital with
replacement liens, and relief from the automatic stay to take
whatever steps necessary to perfect any replacement liens.

Judge Tancredi directed the Debtor to make an adequate protection
payment to Dime Savings Bank in the amount of $500 for the month of
September 2016, as well as monthly adequate protection payments to
RCN Capital in the amount of $250.

A hearing on the continued use of cash collateral is scheduled on
Sept. 29, 2016 at 2:00 p.m.

A full-text copy of the Order, dated September 19, 2016, is
available at https://is.gd/x7dJgS

                  About Nautilus Development, Inc.

Nautilus Development, Inc., sought protection under Chapter 11 of
the Bankruptcy Code (Bankr. D. Conn. Case No. 16-20056) on January
15, 2016. The petition was signed by John Syragakis, president.

The Debtor is represented by Peter L. Ressler, Esq., at Groob
Ressler & Mulqueen, P.C. The case is assigned to Judge Ann M.
Nevins.

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


NAVISTAR INTERNATIONAL: Amends Registration Rights Pact with MHR
----------------------------------------------------------------
Navistar International Corporation entered into amendment no. 1 to
the Registration Rights Agreement, dated as of Oct. 5, 2012, with
MHR Capital Partners Master Account LP, MHR Capital Partners (100)
LP, and MHR Institutional Partners III LP.

In connection with the filing under the Securities Act of 1933, as
amended, by the Company of a so-called universal shelf registration
statement on Form S-3 with the Securities and Exchange Commission,
on Sept. 22, 2016, MHR has agreed to waive its rights under the
Registration Rights Agreement to include any of MHR's registrable
securities in such Registration Statement as a selling
securityholder or any subsequent offering by the Company with
respect to the Company's securities registered under the
Registration Statement.  In exchange for and in consideration of
such waiver, the Company has agreed to increase the Demand
Registrations (as defined in the Registration Rights Agreement) the
Company shall be obliged to effect on behalf of MHR in the
aggregate from three to four.  All of the other terms and
conditions of such Registration Rights Agreement remain the same.

A full-text copy of the Amendment No. 1 to Registration Rights
Agreement is available for free at https://is.gd/Rj103N

                 About Navistar International

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

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

As of July 31, 2016, Navistar had $5.71 billion in total assets,
$10.85 billion in total liabilities and a total stockholders'
deficit of $5.13 billion.

                          *     *     *

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

Navistar carries a 'CCC' Issuer Default Ratings from Fitch
Ratings.

As reported by the TCR on Sept. 13, 2016, S&P Global Ratings placed
its ratings, including the 'CCC+' corporate credit ratings, on
Navistar International Corp. and its subsidiary Navistar Financial
Corp. on CreditWatch with positive implications.


NAVISTAR INTERNATIONAL: Files $2B Registration Statement with SEC
-----------------------------------------------------------------
Navistar International Corporation filed with the U.S. Securities
and Exchange Commission a Form S-3 registration statement relating
to the sale, from time to time, in one or more offerings, any
combination of the following types of securities:

   * debt securities, in one or more series, which may be senior
     debt securities or subordinated debt securities and secured
     debt securities or unsecured debt securities, in each case
     consisting of notes or other evidences of indebtedness;

   * warrants to purchase debt securities;

   * shares of the Company's common stock;

   * warrants to purchase common stock;

   * shares of the Company's preferred stock;

   * warrants to purchase preferred stock;

   * shares of the Company's preference stock;

   * depositary shares;

   * purchase contracts;

   * units;

   * subscription rights; or

   * any combination of these securities.

The Company's principal operating subsidiary, Navistar, Inc., may
guarantee some or all of the Company's debt securities.  The
securities will have an aggregate initial offering price of up to
$2,000,000,000 or an equivalent amount in U.S. dollars if any
securities are denominated in a currency other than U.S. dollars.
The securities may be offered separately or together in any
combination and as separate series.

Shares of the Company's common stock are traded on the New York
Stock Exchange under the symbol "NAV."  If the Company decides to
list or seek a listing for any other securities, the related
prospectus supplement will disclose the exchange or market on which
the securities will be listed or where the Company has made an
application for listing, as applicable.

A full-text copy of the Form S-3 prospectus is available at:

                       https://is.gd/s43DI4

                   About Navistar International

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

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

As of July 31, 2016, Navistar had $5.71 billion in total assets,
$10.85 billion in total liabilities and a total stockholders'
deficit of $5.13 billion.

                          *     *     *

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

Navistar carries a 'CCC' Issuer Default Ratings from Fitch
Ratings.

As reported by the TCR on Sept. 13, 2016, S&P Global Ratings placed
its ratings, including the 'CCC+' corporate credit ratings, on
Navistar International Corp. and its subsidiary Navistar Financial
Corp. on CreditWatch with positive implications.


NAVISTAR INTERNATIONAL: MHR Has 18.4% Stake as of Sept. 21
----------------------------------------------------------
In an amended Schedule 13D filed with the Securities and Exchange
Commission, these reporting persons disclosed beneficial ownership
of Navistar International Corporation's common stock as of
Sept. 21, 2016:

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

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

                      https://is.gd/9fAPGK

                  About Navistar International

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

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

As of July 31, 2016, Navistar had $5.71 billion in total assets,
$10.85 billion in total liabilities and a total stockholders'
deficit of $5.13 billion.

                          *     *     *

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

Navistar carries a 'CCC' Issuer Default Ratings from Fitch
Ratings.

As reported by the TCR on Sept. 13, 2016, S&P Global Ratings placed
its ratings, including the 'CCC+' corporate credit ratings, on
Navistar International Corp. and its subsidiary Navistar Financial
Corp. on CreditWatch with positive implications.


NEWARK DOWNTOWN: Can Use 4082 Ltd. Cash Collateral on Interim Basis
-------------------------------------------------------------------
Judge C. Kathryn Preston of the U.S. Bankruptcy Court for the
Southern District of Ohio authorized Newark Downtown Center, Inc.,
pursuant to the agreement between the Debtor and 4082 Ltd., on an
interim basis, for a period of 180 days from the entry of the
Agreed Order.

The Debtor owns real property located at 8 Arcade Street, Newark,
Ohio, along with an annex to that real property.  The Real Property
is a mix of retail space and not yet renovated residential space.
The Debtor leases retail space to approximately 10 tenants.  The
Debtor also operates a bar known as the Center Pub at the Real
Property.  The Debtor owns certain equipment and personal property
that is used in the operation of the bar.  The Debtor also holds a
liquor license that is utilized in the operation of the bar.

The Debtor is indebted to 4082 Ltd. in the sum of $286,824.  4082
Ltd.'s Proof of Claim indicates that the prepetition arrearage owed
by the Debtor was $7,879, and that the postpetition arrearage owed
by the Debtor was $10,406 through June 29, 2016.

The Debtor acknowledged that 4082 Ltd. has a security interest in
personal property, pursuant to a Mortgage assigned to 4082 Ltd. by
Peoples Bank, despite the fact that 4082 Ltd. has not filed any UCC
Financing Statement with the Ohio Secretary of State regarding its
security interest in the personal property.

The Debtor was authorized to use cash collateral for the payment of
ordinary course postpetition operating expenses of the Real
Property in the total amount of not more than $14,000 per month,
beginning on August 1, 2016.

The authorized operating expenses, which total $13,160, consist of
expenses such as cost of goods - inventory purchases, electric,
real property tax - Licking Co. Treasurer, sales tax, and payroll
and payroll taxes, including workers and unemployment, among
others.

The Debtor was also authorized to use cash collateral to make the
following retainer payments to professionals of the Debtor when the
retention and payment of the professionals has been authorized by
the Court:

          PROFESSIONAL                RETAINER AMOUNT
          ------------                ---------------
       Bricker & Eckler LLP                $5,000
       Morrow Gordon & Byrd Ltd.           $2,000
       Michael Haas & Associates LLC         $500

The Mortgage, Assignment of Rents, security interest and all other
interests of 4082 Ltd. in the Real Property, rents or proceeds from
the Real Property were re-granted and will extend to all
post-petition rents and proceeds regarding the Real Property in the
same priority and with the same force and effect as 4082 Ltd.'s
prepetition security interest and Assignment of Rents atttached to
the Debtor's rents and proceeds for the Real Property up to the
amount owed to 4082 Ltd. under the Mortgage Note.

The Debtor was directed to make the following adequate protection
payments to 4082 Ltd.:

     (1) the sum of $17,000 from the Debtor's existing funds, to be
paid within 10 days from the entry of the Agreed Order; and

     (2) monthly payments of $2,500 beginning on October 1, 2016.

A full-text copy of the Agreed Order, dated Sept. 20, 2016, is
available at https://is.gd/X4nATN

Newark Downtown Center, Inc., is represented by:

          David M. Whittaker, Esq.
          BRICKER & ECKLER LLP
          100 South Third Street
          Columbus, OH 43215
          Telephone: (614) 227-2355
          E-mail: dwhittaker@bricker.com

                - and -

          James R. Cooper, Esq.
          MORROW, GORDON & BYRD, LTD.
          33 West Main Street
          PO Box 4190
          Newark, OH 43058-4190
          Telephone: (740) 345-9611
          E-mail: jcooper@mgbohiolaw.com

                About Newark Downtown Center

Newark Downtown Center, Inc., filed for Chapter 11 bankruptcy
protection (Bankr. S.D. Ohio Case No. 16-50893) on Feb. 17, 2016.
The Debtor is represented by David M. Whittaker, Esq., at Bricker &
Eckler LLP and James R. Cooper, Esq., at Morrow, Gordon & Byrd,
Ltd.


NIELSEN FINANCE: Moody's Assigns Ba1 Instrument-Level Rating
------------------------------------------------------------
Moody's Investors Service has assigned a Ba1 instrument-level
rating to Nielsen Finance LLC's, a wholly-owned subsidiary of
Nielsen Holdings plc (Nielsen), proposed $500 million seven year
senior secured term loan B-3. The proceeds from this transaction
will be used to repay the company's existing $490 million term loan
B-1 as well as transaction expenses. Nielsen's Ba3 Corporate Family
Rating (CFR), Ba3-PD Probability of Default Rating (PDR), and all
existing instrument-level ratings under Nielsen Holdings plc remain
unchanged. The ratings on the existing $490 million term loan B-1
will be withdrawn upon repayment. The outlook remains positive.

The refinancing of the company's term loan will effectively
lengthen maturity on $500 million of debt from 2017 to 2023.
Moody's does not expect a material change in annual interest
expense for Nielsen as a result of this transaction.

Assignments:

   Issuer: Nielsen Finance LLC

   -- $500 million 7 year senior secured term loan B-3, Assigned
      Ba1 (LGD2)

The ratings are subject to review of final documentation and no
material change in the terms and conditions of the transaction as
provided to Moody's.

RATINGS RATIONALE

The Ba3 CFR of Nielsen Holdings plc reflects our view that the
company will maintain its leading international positions in the
measurement and analysis of consumer purchasing behavior as well as
in providing media and marketing information given protection from
high entry barriers. Revenue is supported by long-standing
contractual relationships with consumer product companies, media
and advertisers, and benefits from Nielsen's status as a source of
independent benchmark information. Moody's said, “We expect the
company will maintain its track record of delivering low-to-mid
single digit percentage revenue and EBITDA growth on a constant
currency basis. Ratings incorporate the challenging operating
environment in Nielsen's `Buy' division due to cyclical spending
shifts by clients as well as exposure, particularly in the `Watch'
division, to a more competitive landscape in rapidly growing
digital markets. Risks include the potential for new technologies
to change consumer buying habits and advertising/marketing delivery
channels; however, we believe Nielsen is positioned to respond to
new media channels by broadening its product and service offerings,
including recently unveiled Total Audience Measurement which
provides a single-sourced platform to measure viewing across
screens including linear TV, VOD, DVR, connected TV devices, PC,
and tablets.”

Debt ratings reflect the company's moderately high leverage and
likely increases in dividend payouts as earnings grow as well as
future share repurchases. Furthermore, Nielsen's recent 11%
increase in quarterly dividends ($450 million annual payout) and
share repurchase programs are consuming cash that could otherwise
be used to reduce debt or fund acquisitions. An increase in debt
balances due to the $500 million term loan add-on in March 2016
elevated debt-to-EBITDA to 4.6x (including Moody's standard
adjustments) resulting in only minor progress in reducing leverage
below the 4.8x level following the acquisition of Arbitron in
2013.

The positive rating outlook reflects our expectation that the
amount of share buybacks will moderate in the second half of 2016
and that Nielsen will deliver operating results in line with its
recent guidance for 2016 (4%-6% revenue growth and 50bps-70bps
improvement in adjusted EBITDA margins) and acquisitions are
managed such that the company remains able to reduce leverage.
Moody's said, “We assume in the rating outlook that the U.S. and
global economies continue to expand modestly.” The outlook could
be changed to stable if Nielsen pursues aggressive financial
policies including a move away from its intention to reduce
leverage. Additional debt financed distributions or acquisitions
could result in a change in the outlook to stable given the
extended time needed to restore credit metrics, including leverage
and free cash flow ratios, to levels achieved as of September 30,
2014 (4.2x debt-to-EBITDA including Moody's standard adjustments).

Nielsen's SGL-1 speculative-grade liquidity rating reflects the
company's strong liquidity with $346 million of balance sheet cash
which is largely held outside of the U.S., mid-single digit
percentage free cash flow-to-debt, about 33% capacity under the
$575 million revolver facility which expires in 2019, and no
significant debt maturities until 2019 following the proposed
transaction. “The term loan B-2 and B-3 are covenant-lite, but
the revolver and term loan A come with a maximum total leverage
ratio covenant of 5.5x (as defined), and we expect the company to
maintain an EBITDA cushion of 25% or more.” Moody's said. There
are limited alternate sources of liquidity given a 1st lien on
substantially all material assets of the company and domestic
subsidiaries with 50% of net proceeds (100% if net total leverage
ratio is equal to or greater than 5.5x) from asset sales required
to repay debt within 15 months unless reinvested.

An upgrade would require steady and growing earnings performance
paired with de-leveraging such that debt-to-EBITDA moves towards
4.0x (including Moody's standard adjustments) and free cash flow
generation is meaningful on a sustained basis. Moody's said, “We
would also need to be comfortable that Nielsen has the willingness
and capacity to manage to consistently improving credit metrics
after incorporating potential acquisitions or share repurchases.
Nielsen would also need to maintain at least good liquidity.”

Ratings could be downgraded if debt-to-EBITDA were to exceed 5.0x
(including Moody's standard adjustments), or if free cash flow
generation weakens due to deterioration in operating performance,
acquisitions, or shareholder distributions. Deterioration in
liquidity could also create downward rating pressure.

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

Nielsen Holdings plc, founded in 1923 and headquartered in Oxford,
England and New York, NY, is a global provider of consumer
information and measurement that operates in more than 100
countries. Nielsen's Buy segment (54% of LTM 6/30/2016 reported
revenue) provides retail measurement and consumer panel measurement
services as well as consumer intelligence and analytical services
for clients. The Watch segment (46%) provides viewership and
listenership data and analytics across television, radio, online
and mobile devices for the media and advertising industries.
Nielsen is publicly traded and shares are widely-held. Net revenue
totaled $6.2 billion for the 12 months ended June 30, 2016.


NJOY INC: CohnReznick Capital to Auction Assets on November 1
-------------------------------------------------------------
NJOY, Inc. is operating as debtor-in-possession under Chapter 11 of
the U.S. Bankruptcy Code in the District of Delaware (Case No.
16-12076).

NJOY is a leading independent manufacturer and distributor of
electronic nicotine delivery systems ("ENDS") in the U.S.  The
Debtor offers products across three categories -- disposable,
rechargeable, and vaping.  NJOY has one of the largest independent
U.S. distribution networks and possesses marketleading positions
with blue-chip retailers, including Walgreens, 7-Eleven, and
Speedway.  Its products are available in all 50 states in top
convenience stores and drug chains.

An innovative product launched in late 2015, the NJOY Daily, is an
e-cigarette that combines duration, vapor output, and improved
nicotine delivery using patent-pending technology.  It provides an
authentic smoking experience and is claimed by the Debtor to be
more than 90% as satisfying as a cigarette during the first seven
minutes of use.  The Daily has experienced positive growth since
launch across 11 IRItracked convenience chains, has lifted NJOY to
the number one position in the drug channel, and it has emerged as
a best-selling item on a unit basis among all new product launches
in the last 18 months.

Pending court approval, CohnReznick Capital Markets Securities, LLC
has the mandate to explore an expedited sale of assets under Sec.
363 of the Bankruptcy Code, with an auction scheduled for Nov. 1,
2016.

Investment Considerations

   -- An unintended consequence of FDA regulation is that only
product lines on the market as of 8/8/16 are pathways to market
entrance for the next two years.

   -- NJOY holds the #2 brand awareness in the marketplace. Strong
brand equity is a key asset.

   -- Only major independent producer across all form factors
serving all distribution channels with superior products, strong
R&D, and regulatory support.

   -- Three promising patent-pending products, plus 21 issued
patents and more than 60 patents pending approval related to ENDS
and Vape devices.

                            About NJOY

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


NJOY INC: Sets Bidding Procedures for All Assets
------------------------------------------------
NJOY, Inc., asks the U.S. Bankruptcy Court for the District of
Delaware to authorize the auction and bidding procedures in
connection with the sale of substantially all assets.

The Debtor is a leading manufacturer and retailer of electronic
nicotine delivery systems (ENDS), and is today the largest
independent e-cigarette and vaping company in the United States.

On March 4, 2015, the Debtor entered into a Credit Agreement (as
amended, restated, modified, supplemented, or replaced from time to
time and including all ancillary and related documents,
"Prepetition Financing Agreement") with Victory Park Management,
LLC, on behalf of the lender parties thereto, for a $12,000,000
revolver commitment ("Prepetition Revolver") and a $10,000,000 term
commitment ("Prepetition Term Loan").  The obligations under the
Prepetition Financing Agreement are secured on a first priority
basis in substantially all of the Debtor's assets pursuant to a
Pledge and Security Agreement dated March 3, 2015.

On Aug. 5, 2015, the agent under the Prepetition Financing
Agreement sold, assigned, and transferred all of its rights, title,
and interest under the Prepetition Financing Agreement to the DIP
Lender ("Agent").

As of the Petition Date, the Debtor is indebted under the
Prepetition Financing Agreement in the amount of $3,283,893 on
account of the Prepetition Revolver and $16,103,731 on account of
the Prepetition Term Loan.

As described in the First Day Declaration, due to the continuing
losses sustained by the Debtor's operations and the difficult
regulatory environment, the Debtor pursued numerous marketing
efforts to address the Debtor's operational needs and capital
structure.  Specifically, the Debtor subsequently hired Barclay's
Capital Inc. ("Barclays") to act as investment advisor in January
2016.  In early 2016, Barclays explored the potential sale of the
Debtor's business to strategic purchasers.  To this end, Barclay's
contacted 30 potential purchasers.  While some parties expressed in
interest in acquiring the Debtor's business and executed
non-disclosure agreements, ultimately Barclay's received no offers.
Subsequently, in June 2016, Barclay's again market tested the
Debtor's business by soliciting those parties who had previously
expressed an interest in acquiring the Debtor's business.  In
total, Barclay's contacted twelve parties and five of those parties
executed non-disclosure agreements to conduct due diligence, with
two parties conducting substantial due diligence.

The Debtor now seeks authority to market the assets to ensure that
the Debtor obtains the highest or otherwise best offer for the
Debtor's assets.  If approved, the proposed bid procedures ("Bid
Procedures") will enable the Debtor to move expeditiously towards
the best resolution of the case.  The sale, the Bid Procedures, and
the related relief requested in the Motion are in the best
interests of the Debtor's estate and its stakeholders. Accordingly,
the Debtor requests that the Court grant the Motion.

A copy of the Bid Procedures attached to the Motion is available
for fee at:

        http://bankrupt.com/misc/NJOY_Inc_18_Sales.pdf

The salient terms of the Bid Procedures are:

   a. Assets and Purchase Price: Each bid must be a bid to purchase
all or substantially all, or a subset, of the assets.

   b. Deposit: Each Bid must be accompanied by a cash deposit in
the amount equal to 10% of the aggregate cash purchase price of the
bid to be held in an interest-bearing escrow account to be
identified and established by the Debtor.

   c. Bid Deadline: Oct. 28, 2016 at 12:00 p.m. (ET)

   d. The Auction: If the Debtor does not receive a Qualified Bid,
the Debtor, in consultation with the Agent and the Committee
Representatives, will not conduct the Auction.

   e. Bidding Increments: Any Overbid following any subsequent
prevailing highest bid will be in increments of $250,000.

   f. Back-up Bidder: The qualified bidder with the next-highest or
otherwise second-best qualified bid at the auction for the assets,
as determined by the Debtor in the exercise of its reasonable
business judgment, will be required to serve as a back-up bidder.

The Debtor negotiated an agreement with the Agent to obtain DIP
financing during the course of the case, which should provide the
Debtor with sufficient runway to execute on a value-maximizing sale
process.  Pursuant to the proposed order approving the DIP
financing ("DIP Order"), the Debtor is required to move
expeditiously toward the sale milestones set forth in the Bid
Procedures.  The sale milestones are structured to allow for the
Debtor's sale of substantially all of its assets to be closed as
quickly as possible.  Under the DIP Order, the Debtor is required
to hold a sale hearing by Nov. 10, 2016, and a sale is to be
consummated by Nov. 15, 2016.

The Debtor requests that the Court approve the following general
timeline:

   a. Contract Cure Objection Deadline: 4:00 p.m. (ET) seven
calendar days from service of the Contract Notice;

   b. Bid Deadline: Oct. 28, 2016 at 12:00 p.m. (ET);

   c. Auction: Oct. 31, 2016, at 10:00 a.m. (ET), at the offices of
Gellert Scali Busenkell & Brown, LLC, 1201 N. Orange St., 3rd
Floor, Wilmington, Delaware;

   d. Sale Objection Deadline: Nov. 8, 2016 at 4:00 p.m. (ET);

   e. Sale Hearing: Nov. 10, 2016.

A secured creditor is allowed to "credit bid" the amount of its
claim in a sale. Thus, the Agent should be entitled to credit bid
at the auction as set forth in the Bid Procedures.

The Debtor believes that this timeline maximizes the prospect of
receiving the highest or otherwise best offer without unduly
prejudicing the estate. To further ensure that the Debtor's
proposed Auction and Sale process maximizes value to the benefit of
the Debtor's estate, the Debtor will use the time following entry
of the Bid Procedures Order to actively market the Assets in an
attempt to solicit the highest or otherwise best bids.

To facilitate and effectuate the sale of the assets, the Debtor is
seeking authority to assign or transfer the Contracts to the
successful bidder arising from the auction, to the extent required
by such bidders.

The Debtor is also seeking approval of certain procedures to
facilitate the fair and orderly assumption and assignment of the
Contracts in connection with the Sale ("Assumption Procedures").
Because the Bid Procedures Order sets forth the Assumption
Procedures in detail, they are not restated in this Motion.
Generally, however, the Assumption Procedures: (a) outline the
process by which the Debtor will serve notice to all Contract
Counterparties regarding the proposed assumption and assignment and
related cure amounts, if any, informing such parties of its right
and the procedures to object thereto; and (b) establish objection
and other relevant deadlines and the manner for resolving disputes
relating to the assumption and assignment of the Contracts to the
extent necessary. The successful bidder would retain the absolute
right to decide which contracts and leases it would want to assume,
with the remaining others likely to be rejected by the Debtor
pursuant to separate motion.

The Debtor has a sound business justification for selling the
assets.  The Debtor submits that the Successful Bidder's Purchase
Agreement ("Purchase Agreement") will constitute the highest or
otherwise best offer for the assets and will provide a greater
recovery for the Debtor's estate than would be provided by any
other available alternative.  As such, the Debtor's determination
to sell the assets through an auction process and subsequently to
enter into the Purchase Agreement will be a valid and sound
exercise of the Debtor's business judgment.  The Debtor will submit
evidence at the Sale Hearing to support these conclusions.
Therefore, the Debtor requests that the Court make a finding that
the proposed sale of the assets is a proper exercise of the
Debtor's business judgment and is rightly authorized.

                         About NJOY, Inc.

NJOY, Inc., is a leading manufacturer and retailer of electronic
nicotine delivery systems, and is today the largest independent
e-cigarette and vaping company in the United States.

NJOY, Inc., sought Chapter 11 protection (Bankr. D. Del. Case No.
16-12076) on September 16, 2016.

The Debtor tapped Brya M. Keilson, Esq. at Gellert Scali Busenkell
& Brown, LLC as counsel.

The Debtor estimated assets and liabilities in the range of $10
million to $50 million.

The petition was signed by Jeffrey Weiss, general counsel and
interim president.



NORANDA ALUMINUM: CalFirst & Jamaica Object to Upstream Biz Sale
----------------------------------------------------------------
BankruptcyData.com reported that California First National Bank and
The Government of Jamaica filed with the U.S. Bankruptcy Court
separate objections to Noranda Aluminum's motion for (i) an order
establishing bidding procedures for the sale of the upstream
business and (ii) an order approving the sale of the upstream
business.  The Government of Jamaica asserts, "Under Jamaican law,
no transfer is effective unless such application is granted
regardless of whether the contract is assumed or assigned.
Paragraph 2.5 of the Form APA similarly provides that, even if
assignment is allowed under sections 363 or 365, the Debtors make
no attempt to transfer a contract if doing so without consent would
constitute a violation of a legal requirement or a breach of
contract.  In addition, NBL has defaulted under at least three of
the St. Ann Contracts (the Establishment Agreement, the Amendment
to Establishment Agreement, and the Deed of Partnership), but has
incorrectly listed the cure amounts under those agreements as
$0.00. The correct cure amount for all three is no less than
$16,148,546.90 . . .   Moreover, it is doubtful whether the Debtors
or the eventual assignee of the St. Ann Contracts can provide the
GOJ with adequate assurance of future performance as is required
for assumption after default under section 365(b)(1)(C) of the
Bankruptcy Code and as a condition of assignment, with or without
default, under section 365(f)(2)(B)."

                   About Noranda Aluminum

Noranda Aluminum, Inc., and 10 of its affiliates filed separate
Chapter 11 bankruptcy petitions (Bankr. E.D. Mo. Lead Case No.
16-10083) on Feb. 8, 2016.  The petitions were signed by Dale W.
Boyles, the chief financial officer.  Judge Barry S. Schermer is
assigned to the cases.

The Debtors have engaged Paul, Weiss, Rifkind, Wharton & Garrison
LLP as counsel, Carmody MacDonald P.C. as local counsel, PJT
Partners, LP as investment banker, Alvarez & Marsal North America,
LLC as restructuring advisors and Prime Clerk LLC as claims,
solicitation and balloting agent.

The Debtors estimated both assets and liabilities in the range of
$1 billion to $10 billion.  As of the Petition Date, the Debtors
had approximately $529.6 million in outstanding principal amount of
secured indebtedness, consisting of a revolving credit facility and
a term loan facility.

The Debtors had approximately 1,857 employees as of the Petition
Date.


NXT CAPITAL: Moody's Hikes Corporate Family Rating to B1
--------------------------------------------------------
Moody's Investors Service upgraded NXT Capital, Inc.'s corporate
family and secured term loan ratings to B1 from B2. Moody's also
maintained the positive outlook on the ratings.

RATINGS RATIONALE

Moody's upgraded NXT's corporate family and secured term loan
ratings to reflect the firm's strong profitability since inception,
disciplined growth, well managed asset quality, and low, though
modestly increasing leverage. Since commencing operations in 2010,
NXT has pursued reasonable and balanced growth in its corporate
finance and commercial real estate finance segments, extending its
record of profitable operations, while exiting its less-promising
equipment finance segment. Like other commercial lenders, NXT's net
interest margin has narrowed in recent years in response to
competitive conditions, but asset yields have firmed during 2016.
NXT has also grown its asset management business, which provides
the company operational scale, access to committed capital, and
modest but growing fee revenues. NXT's rating constraints include
its reliance on secured funding, modest alternate liquidity, and
competitive disadvantages versus more established finance companies
and regional banks in the broader SME and CRE sectors.

NXT's operating track record has reinforced its growing franchise
positioning in sponsor middle-market commercial finance. The
company's business proposition is based on the expertise and
operating experience of management, as well as the company's
network of relationships with transaction sponsors and other
financial institutions from which it sources new lending
opportunities. However, NXT has disadvantages with respect to
access to low cost capital compared to larger financial
institutions.

NXT has demonstrated good asset quality performance as its
portfolio seasoned over the past few years. This is partially a
function of originating loans during a period of strengthening
credit conditions, but also reflects NXT's appropriately measured
credit risk appetite, based on its strong underwriting bias for
first lien senior secured lending and good industry and geographic
diversification.

NXT's leverage target is reasonable given its mix of business. The
company's ratio of tangible common equity to tangible assets
(TCE/TMA) measured a healthy 23.8% at the end of June 2016. Ratings
incorporate Moody's expectation that NXT's TCE/TMA ratio will
gradually decrease towards 20% as it continues to deploy capital
towards portfolio growth. The company this year made its first
shareholder distribution since inception; further distributions are
subject to the firm's maintaining overall capital targets, and is
further enforced by leverage covenants in its funding facilities.

NXT has access to multiple long-term funding facilities, which
results in manageable near-term refinancing risk. The firm also has
an established presence in the CLO markets and manages funds for
third-party investors, which provides additional capital for
funding corporate finance loans. However, the company's alternate
liquidity is modest, including availability under secured credit
facilities for new asset originations and unrestricted cash.
Additionally, NXT has encumbered almost all earning assets, which
reduces financial flexibility.

The positive outlook reflects Moody's expectation that NXT will
continue to strengthen its franchise and generate solid
profitability and asset quality, while maintaining strong capital
buffers.

Ratings could be upgraded if NXT's profitability trend stabilizes,
asset quality is maintained, and TCE/TMA remains above 20%. NXT
could enhance its opportunity for higher ratings if it increases
funding diversification in a manner that reduces reliance on
secured funding and increases alternate liquidity.

Ratings could be downgraded if NXT's asset quality performance and
profitability deteriorates unexpectedly, leverage increases
significantly above expectations, or growth significantly
accelerates.

NXT, with total assets of $4.1 billion at June 30, 2016, is a
provider of financing to US middle market companies as well as
commercial real estate investors.



OAKFABCO INC: Wants December 31 Plan Filing Extension
-----------------------------------------------------
Oakfabco, Inc. asks the U.S. Bankruptcy Court for the Northern
District of Illinois to extend its exclusive periods to file a
chapter 11 plan and disclosure statement, and solicit acceptances
to the plan, through December 31, 2016 and February 28, 2017,
respectively.

The Debtor currently has until September 30, 2016 to file its plan,
and until November 30, 2016, to solicit acceptances to the plan.

The Debtor relates that since the late 1980s, thousands of
claimants have sought money damages against the Debtor for personal
injury and wrongful death alleged as a result of exposure to
asbestos-containing products allegedly manufactured or sold by the
Debtor or a predecessor in interest.  The Debtor estimates that
there are approximately 3,400 active Asbestos Claims and over
30,000 inactive Asbestos Claims outstanding against the Debtor, as
of the Petition Date.

The Debtor contends that it is the policyholder under various
insurance policies that provide coverage for Asbestos Claims.   
The Debtor further contends that after years of covering the
Debtor’s defense and indemnity costs relating to the Asbestos
Claims, First State Insurance Company, et al., Affiliated FM
Insurance Company, and American Casualty Company, et al., also
known as the Settling Insurers, advised the Debtor prior to the
Petition Date that coverage for defense costs is or soon would be
exhausted.

The Debtor says that apart from insurance or insurance settlement
proceeds, the Debtor has no resources to defend any Asbestos
Claims.  The Debtor further says that it had determined that it was
in the best interests of the Debtor and its asbestos-related
creditors for the Debtor to monetize its remaining insurance and
commence the Chapter 11 Case to effect a fair and efficient
distribution to those creditors.

The Debtor contends that it conducted negotiations with the
Settling Insurers prior to the filing of the Chapter 11 Case, which
resulted in three Insurance Settlement Agreements, that monetize
the policies issued by the Settling Insurers in the aggregate
amount of $17,333,079.  The Debtor further contends that it filed
three Insurance Settlement Motions, seeking orders authorizing and
approving the Insurance Settlement Agreements.

The Debtor tells the Court that in light of the adjournment of the
hearing dates for the two remaining Insurance Settlement Motions to
October 20, 2016, the current Exclusivity Periods do not allow the
Debtor sufficient time to obtain approval of those Insurance
Settlement Agreements and then formulate, negotiate, and file its
plan of liquidation.

The Debtor's Motion is scheduled for hearing on September 26, 2016
at 10:00 a.m.

                     About Oakfabco, Inc.

Oakfabco, Inc, formerly known as Kewanee Boiler Corporation, has
not manufactured boilers since 1988 when it sold its Kewanee boiler
business in an 11 U.S.C. Section 363 sale to Coppus Engineering
Corporation.  In early 2009, it sold all of its remaining assets.
The Debtor has no employees, and, Frederick W. Stein is the
Debtor's sole officer and director.  The Debtor's sole remaining
asset is its insurance, and it has no known liabilities other than
asbestos claims.

In January 1970, Kewanee Boiler Corp, then a newly-formed Illinois
Corporation, acquired the assets and debt of American Standard,
Inc.'s commercial boiler manufacturing division known as "Kewanee
Boiler."  The boilers manufactured and sold by Kewanee Boiler were
insulated with asbestos.

Oakfabco sought Chapter 11 protection (Bankr. N.D. Ill. Case No.
16-27062) on Aug. 7, 2015, to resolve its remaining asbestos
claims.  The petition was signed by Frederick W. Stein, president.
Stephen T. Bobo, Esq., Aaron B. Chapin, Esq., Paul M. Singer, Esq.,
Luke A. Sizemore, Esq., and Joseph D. Filloy, Esq. at Reed Smith
LLP, serves as counsel to the Debtor.

The Debtor estimated $10 million to $50 million in assets and
debt.

The U.S. Trustee for Region 11, appointed four members to the
Asbestos Claimants' Committee in the Chapter 11 bankruptcy case of
Oakfabco Inc.



ODESSA'S FOSTER CARE: Court Approves Disclosure Statement
---------------------------------------------------------
The Hon. George W. Emerson, Jr., of the U.S. Bankruptcy Court for
the Western District of Tennessee has approved Odessa's Foster Care
Homes, Inc.'s disclosure statement describing the Debtor's plan of
reorganization.

Odessa's Foster Care Homes, Inc., filed for Chapter 11 bankruptcy
protection (Bankr. W.D. Tenn. Case No. 15-30212) on Oct. 26, 2015,
estimating its assets at between $500,000 and $1 million and
liabilities at between $100,000 and $500,000.  Russell W. Savory,
Esq., at Beard & Savory, PLLC, serves as the Debtor's bankruptcy
counsel.


PACIFIC SUNWEAR: Cancels Registration of Securities
---------------------------------------------------
Pacific Sunwear of California, Inc., filed with the Securities and
Exchange Commission a Form 15 "CERTIFICATION AND NOTICE OF
TERMINATION OF REGISTRATION UNDER SECTION 12(g) OF THE SECURITIES
EXCHANGE ACT OF 1934 OR SUSPENSION OF DUTY TO FILE REPORTS UNDER
SECTIONS 13 AND 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934."

Pacific Sunwear cancelled the registration of these securities:

     -- Common Stock, par value $0.01 per share,
     -- Convertible Series B Preferred Stock,
        par value $0.01 per share, and
     -- Share Purchase Rights

On September 6, 2016, the United States Bankruptcy Court for the
District of Delaware entered an order confirming the Revised Joint
Plan of Reorganization of Pacific Sunwear and its Debtor Affiliates
Pursuant to Chapter 11 of the Bankruptcy Code.  On September 7,
2016, the effective date of the Plan, all previously issued equity
securities of the Pacific Sunwear, including the securities listed
in this Form 15, were cancelled and discharged.  The Debtors
emerged from the Chapter 11 Cases.

Pursuant to the Plan, Golden Gate Capital has converted more than
65% of its term loan debt into the equity of the reorganized
Company and has provided a minimum of $20 million in additional
capital to the reorganized Company to support PacSun's long-term
growth objectives. Wells Fargo has also provided a five-year $100
million revolving line of credit, subject to certain conditions.

The material terms of the Plan include:

     * Holders of Term Loan Claims, which holders are affiliates of
Golden Gate Capital, will receive (and, on the Effective Date, did
receive) 100% of the new equity interests issued by the reorganized
Company under the Plan, and a $30 million tranche of the New Term
Loan.

     * Holders of Allowed Administrative Claims, DIP Facility
Claims, Priority Tax Claims, and Priority Non-Tax Claims will be
paid in full.

     * Mortgage Notes Claims will be (and, on the Effective Date,
were) reinstated.

     * Holders of Qualified Unsecured Trade Claims will receive
payment in full in the following manner: (i) 50% of the Allowed
Qualified Unsecured Trade Claims to be paid on the Effective Date;
and (ii) 50% of the Allowed Qualified Unsecured Trade Claim to be
paid on December 15, 2016.

     * Holders of General Unsecured Claims will share pro rata in
the General Unsecured Claims Recovery Pool of $400,000.

     * All of the outstanding equity securities of the Company will
be (and, on the Effective Date, were) cancelled and discharged.

The Plan further provides that on the Effective Date, the
reorganized Company will enter into (and, on the Effective Date,
did enter into) (i) the senior revolving credit exit facility in
the amount of up to $100,000,000 with Wells Fargo Bank, National
Association, as administrative agent and (ii) that certain senior
term loan exit facility in the amount of $50,000,000 with PS
Holdings Agency Corp., an affiliate of Golden Gate, as
administrative agent. The New Term Loan consists of a $30 million
tranche of debt that is on account of the prepetition Term Loan
Claims, and a $20 million tranche of debt that comprises a new
investment by the New Term Loan lenders into the reorganized
Company.

On August 31, 2016, the Company filed with the Bankruptcy Court a
Monthly Operating Report for the period beginning on July 3, 2016
and ending on July 30, 2016.  In the Monthly Operating Report, the
Company reported consolidated total assets of $281.3 million and
consolidated total liabilities of $336.6 million as of July 30,
2016.

As of the Effective Date, the term of the then current members of
the board of directors of the Company expired. In accordance with
the Plan, as of the Effective Date, Golden Gate appointed Gary H.
Schoenfeld, Joshua Olshansky, T. Neale Attenborough and Mike
Montgomery as the new directors and Zohar Ziv as Chief Financial
Officer and Secretary of the reorganized Company.

A copy of the Revised Joint Plan of Reorganization of Pacific
Sunwear of California, Inc. and its Debtor Affiliates Pursuant to
Chapter 11 of the Bankruptcy Code, is available at
https://is.gd/ITkkEe

                        About Pacific Sunwear

Founded in 1982 in Newport Beach, California as a surf shop,
Pacific Sunwear of California, Inc. operates in the teen and young
adult retail sector, selling men's and womens apparel, accessories,
and footwear. The Company went public in 1993 (NASDAQ: PSUN), and
peaked with 965 stores in 2006. At present, the Company has
approximately 593 retail locations nationwide under the names
"Pacific Sunwear" and "PacSun," which stores are principally in
mall locations. The Company has 2,000 full-time workers. Through
its ecommerce business, the Company operates an e-commerce site at
http://www.pacsun.com/Pacific Sunwear of California, Inc., and two
affiliated debtors each filed a voluntary petition for relief
under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Del. Lead
Case No. 16-10882) on April 7, 2016. The cases are pending before
the Honorable Laurie Selber Silverstein.

The Debtors sought Chapter 11 protection with a Chapter 11 plan
that would convert debt into equity.

The Debtors tapped Young Conaway Stargatt & Taylor, LLP, and Klee,
Tuchin, Bogdanoff & Stern LLP as attorneys; FTI Consulting, Inc.,
as financial advisor; Guggenheim Securities, LLC, as investment
banker; Prime Clerk LLC as claims and noticing agent; and Deloitte
Financial Advisory Services LLP as accounting advisor.

Andrew Vara, acting U.S. trustee for Region 3, on April 19, 2016,
appointed seven creditors of Pacific Sunwear of California to serve
on the official committee of unsecured creditors. The official
committee of unsecured creditors retained Cooley LLP and Bayard,
P.A. as counsel; and Province Inc. as its financial advisor.


PALATIN TECHNOLOGIES: Gets Opinion with Going Concern Explanation
-----------------------------------------------------------------
Palatin Technologies, Inc., on Sept. 23, 2016, announced that as
previously disclosed in its Annual Report on Form 10-K for the year
ended June 30, 2016, which was filed on Sept. 19 with the
Securities and Exchange Commission, the audited financial
statements contained a going concern qualification paragraph in the
audit opinion from its independent registered public accounting
firm.

This announcement is made pursuant to NYSE MKT Company Guide
Section 610(b), which requires public announcement of the receipt
of an audit opinion containing a going concern paragraph.  This
announcement does not represent any change or amendment to the
Company's consolidated financial statements or to its Annual Report
on Form 10-K for the year ended June 30, 2016.

                 About Palatin Technologies, Inc.

Palatin Technologies, Inc. (NYSE MKT: PTN) --
http://www.Palatin.com/-- is a biopharmaceutical company
developing targeted, receptor-specific peptide therapeutics for the
treatment of diseases with significant unmet medical need and
commercial potential.  Palatin's strategy is to develop products
and then form marketing collaborations with industry leaders in
order to maximize their commercial potential.



PALOMAR HEALTH: Fitch Assigns 'BB+' Issuer Default Rating
---------------------------------------------------------
Fitch Ratings has assigned the following ratings to Palomar Health,
CA (PH or the district):

   -- $213,330,000 general obligation (GO) refunding bonds series
      2016A and 2016B 'AAA';

   -- $252,220,000 refunding revenue bonds series 2016 'BB+';

   -- Issuer Default Rating (IDR) 'BB+'.

In addition, Fitch affirms the 'BB+' rating on the outstanding
revenue bonds and removes the bonds from Rating Watch Evolving. The
Rating Outlook is Stable.

The outstanding GO bonds rated 'A+' remain on Rating Watch
Evolving.

The series 2016 GO bonds will refund PH's callable portions of the
outstanding 2005 and 2007 GO bonds and the series 2016 revenue
bonds will refund the outstanding series 2009 revenue bonds. Net
present value savings are significant at over 10% of refunded par
for both the GO and revenue bond transactions. The GO bonds are
expected to price the week of Sept. 26 and the revenue bonds are
expected to price the week of Oct. 3.

SECURITY

PH's GO bonds are payable from an unlimited ad valorem property tax
that was approved by the voters in the district in a 2004 election.
The revenue bonds are secured by a gross revenue pledge of the
obligated group (OG). Gross revenues exclude property tax revenue.
The OG consists of PH's acute care facilities as well as other
healthcare related entities but excludes Arch Health Partners
(AHP), a medical foundation.

KEY RATING DRIVERS

ASSIGNMENT OF ISSUER DEFAULT RATING: Hospital districts are
governmental entities that would file under Chapter 9 of the U.S.
Bankruptcy code in the event of a bankruptcy filing. As such, Fitch
has assigned an IDR to PH utilizing the methodology under the U.S.
Tax Supported Rating Criteria together with a variation from the
U.S. Nonprofit Hospitals and Health Systems Rating Criteria.

PLEDGED SPECIAL REVENUE ANALYSIS: U.S. Tax Supported Rating
Criteria establishes specific standards for whether dedicated taxes
can support a rating on bonds that is distinct from the IDR. Absent
an opinion that the tax revenues constitute 'pledged special
revenues' under Chapter 9, PH's GO bonds cannot be rated distinct
from and higher than the IDR. The 'AAA' rating on the series 2016
GO refunding bonds is supported by legal opinions provided by PH's
bond counsel that provide a reasonable basis for concluding that
the tax revenues levied to repay the series 2016 GO bonds would be
considered 'pledged special revenues' in the event of a bankruptcy
of PH and not subject to automatic stay.

OUTSTANDING GO DEBT LACKS PLEDGE: The outstanding GOs remain on
Rating Watch Evolving as PH's bond counsel determines whether it
can opine that the outstanding debt is secured by a pledge of
special revenues. The provision of this opinion would result in an
upgrade of the outstanding GOs to 'AAA'. The inability to provide
this opinion would result in a downgrade of the outstanding GOs to
the IDR level as the outstanding GO bonds would not be protected by
a pledge of the special revenues and leave them subject to the
automatic stay upon a potential insolvency of PH. This
determination is expected to be made over the next few months.

GROWING TAX BASE: The 'AAA' rating also reflects PH's strong,
diverse and growing economic resource base. The tax base grew 171%
between fiscal years 1999-2016. The district's overall debt burden
is moderate relative to the tax base.

CONTINUED IMPROVED FINANCIAL PERFORMANCE: The 'BB+' IDR rating on
PH reflects its weak financial profile due to its high debt burden
relative to operations from a costly master facility plan and
operational challenges from the opening of its new facility in
2012. Financial performance has improved year over year since
fiscal 2013 (June 30 year-end) and fiscal 2016 results well
exceeded budget.

CONSOLIDATION OF SERVICES: PH announced in June 2015 that it would
close its downtown campus, which Fitch views favorably and believes
should result in meaningful annual savings as it will allow better
resource allocation within the system. The transition and
consolidation of the programs from the downtown campus to PH's
other two campuses was expected to occur by December 2016, but the
full consolidation may not occur until June 2017 due to the state
regulatory process related to construction approvals as there are
construction needs to accommodate the consolidated services.

GOOD MARKET POSITION: PH's location in North San Diego County is a
main credit strength. Fitch believes PH is an attractive partner in
any plans to develop a larger regional network and delivery model
that is able to manage population health. In addition, PH has
significantly invested in its medical foundation, AHP, which
provides a primary care base that will be integral in care
coordination.

RATING SENSITIVITIES

UPWARD RATING MOVEMENT OF IDR: Upward rating movement of the 'BB+'
rating would be dependent on Palomar Health continuing to improve
its financial metrics. Fitch believes this could be achievable over
the next two to three years if strong operating cash flow is
sustained and debt service coverage and liquidity ratios improve
especially as the full benefits from the consolidation of
facilities/service lines are realized.

STABLE TAX BASE: The rating on the series 2016 GO bonds is
sensitive to material negative changes in the district's tax base
and economy, which Fitch believes are unlikely.

OUTSTANDING GO RATING: The rating on the outstanding GO bonds could
be upgraded to 'AAA' if the pledge of special revenues is extended
to the outstanding GO bonds as confirmed by a satisfactory legal
opinion. If PH's counsel is unable to opine that the outstanding
GOs are secured by a pledge of special revenues, then the
outstanding GO bonds will be downgraded to the IDR level.

CREDIT PROFILE

PH is California's largest local health care district serving
approximately 539,000 residents over approximately 800 square miles
of northern inland San Diego County. The service area is primarily
residential, with some light industrial and commercial activity.

PH owns and operates two hospitals in northern San Diego County:
288-bed Palomar Medical Center in Escondido that opened in August
2012 and 107-bed Pomerado Hospital in Poway; as well as a downtown
campus hospital that is currently in transition to close. PH also
has Villa Pomerado - a 129-bed skilled nursing facility that is
located adjacent to Pomerado Hospital.

In June 2015, PH announced that it would close its Palomar Health
Downtown campus (295 licensed beds), and the transition of services
to its other two facilities is underway. These services include
labor and delivery, behavioral health, acute rehab, and radiation
therapy. The standby emergency department closed in March 2016.

Arch Health Partners (Arch) is a medical foundation with over 80
physicians in seven clinic locations. Arch is not a member of the
OG. Fitch's financial analysis is based on the consolidated entity
and excludes the GO bonds and related property tax revenue and
interest expense since the GO debt is self-supporting. Total
operating revenue in fiscal 2016 (June 30 year end; draft audit)
was $776 million.

'AAA' RATING REFLECTS PLEDGED SPECIAL REVENUES

Fitch believes that taxes levied for bond repayment for the series
2016 GO bonds would be considered pledged special revenues under
the U.S. bankruptcy code, and therefore the lien on pledged
revenues would survive and would not be subject to the automatic
stay (i.e. payment interruption) in the event PH were to file for
bankruptcy. Fitch has reviewed and analyzed legal opinions provided
by PH's bond counsel and believes they provide a reasonable basis
to conclude that these revenues would be treated as pledged special
revenues due to certain provisions of the state constitution
(primarily Proposition 13), which limit and direct the use of
pledged property tax revenues for bond repayment and the explicit
pledge associated with the series 2016 GO bonds.

As a result, Fitch analyzes the series 2016 GO bonds as dedicated
tax bonds. This analysis focuses on the district's economy, tax
base, and debt burden relative to the tax base without regard to
financial operations, because Fitch believes that bondholders are
insulated from any operating risk of the district. Fitch typically
calculates the ratio of available revenues to debt service for
dedicated tax bonds, but the unlimited nature of the tax rate
pledge on the district's bonds eliminates the need for such
calculations.

GROWING TAX BASE

The district's tax base is strong having grown 171% between fiscal
years 1999-2016. An almost 6% recessionary decline through fiscal
2013 was more than offset by a strong 17% rebound. The tax base
reached an all-time high taxable assessed valuation (TAV) of nearly
$72 billion in fiscal 2016.

The district's service area retains good potential for long-term
growth due to its location, availability of relatively affordable
land for development, and a growing labor force. Property taxpayer
concentration is very low with the top 10 taxpayers accounting for
less than 3% of fiscal 2016 TAV. Over half of the tax base is
residential.

Wealth levels within the district vary considerably. The district
reports that the median household income in its northern primary
service area is approximately $55,000 whereas the median household
income in its southern primary service area is almost $95,000.
Nevertheless, all residents are well located to benefit from
employment opportunities in the growing, diverse economies of both
San Diego and southern Orange counties.

In fiscal 2015, the district's overall debt burden was moderate
relative to both personal income (approximately 11%) and the
district's tax base (approximately 4% of taxable assessed
valuation). Direct debt amortization is slow at approximately 37%
in 10 years (when interest, including accreted interest on the
district's capital appreciation bonds is included). The district's
current GO bond authorization is exhausted and the district has no
plans to seek voter authorization for additional GO bonding
capacity.

FINANCIAL OPERATIONS IMPROVING

PH was in a turnaround situation from fiscal 2013 due to large
losses related to challenges with the transition to the new
facility, which opened in August 2012. However, performance has
stabilized and is on an upward trajectory with a strong operating
EBITDA margin in fiscal 2016 of 9.7% that exceeded budget compared
to 7.3% in fiscal 2015, 6.7% in fiscal 2014 and 4.8% in fiscal
2013. Ongoing operational improvement initiatives are in the areas
of patient throughput, supply savings, revenue cycle, and process
improvement.

PH has several strategic partnerships with other providers
including Rady Children's (revenue bonds rated 'AA-') to provide
pediatric and NICU services, Kindred Rehab to manage acute rehab
services, and Kaiser (revenue bonds rated 'A+') to provide
guaranteed hospital bed capacity at PMC for Kaiser health plan
members.

CAMPUS CONSOLIDATION PLAN

In June 2015, PH announced that it would be closing its downtown
campus and consolidating all services within PMC, Pomerado Hospital
or other current facilities (i.e. some outpatient services moved to
PH's San Marcos outpatient building). All services were expected to
be consolidated by the end of 2016 but now likely to be June 2017
as there are construction needs associated with the consolidation
and there have been delays in receiving the necessary state
regulatory approvals related to the construction. The full benefits
of the transition will not be realized until at least fiscal 2018.


Due to the transition, PH has seen a large reduction in outpatient
surgeries, especially related to Kaiser volume as consolidation
plans finalize. For fiscal 2016, outpatient surgeries were down
14.2% from the prior year. Management does not expect this to be an
ongoing issue; however, an extended delay in transition plans could
cause additional financial pressure.

INVESTMENT IN ARCH HEALTH PARTNERS

PH is the sole corporate member of AHP and aligned with the medical
foundation in 2010. PH has provided significant support to AHP and
ongoing support is expected. However, Arch is a critical component
of its integrated delivery system and PH is in the process of
developing a clinically integrated network that will also align
other physicians in the area.

WEAK LIQUIDITY

As of June 30, 2016, unrestricted cash and investments totaled
$217.7 million, which equated to 108.3 days cash on hand (DCOH) and
39.5% cash to debt, which has steadily improved from a low in
fiscal 2013.

PH's DCOH covenant calculation excludes interest expense from total
expenses and the bond covenant calculation for fiscal 2016 (which
also excludes AHP) was 124.9 days, above the 80 DCOH covenant for
the series 2006 insured bonds (65 DCOH covenant for uninsured
bonds). Capital spending is elevated in fiscal 2017-2019 due to
one-time capital relocation costs, additional investment in
equipment and facilities, and includes the ongoing investment in
AHP. Total capital expenditures are anticipated to be $41.5 million
in fiscal 2017, $41 million in fiscal 2018, and $43 million in
fiscal 2019.

HIGH DEBT BURDEN RELATIVE TO OPERATIONS

As of June 30, 2016, total debt outstanding was $1.16 billion and
included $550.2 million of revenue bonds and $606.9 million of GO
bonds. The revenue bonds are 70% fixed rate and 30% variable rate
(auction mode; series 2006). PH has three fixed payor interest rate
swaps with Citi related to the series 2006 bonds and the swaps are
insured by Assured Guaranty. There are currently no collateral
posting requirements, but if Assured Guaranty's rating falls below
the 'A' category, collateral posting would be required at a zero
threshold. In addition, there is an additional termination event if
Assured Guaranty's rating falls below 'BBB'. The mark to market
value on the swap as of June 30, 2016 was negative $38.7 million.

There are significant debt service savings with both the series
2016 GO and revenue bond transactions. The series 2016 GO bonds are
expected to result in net present value savings of 16.4% of
refunded par and the series 2016 revenue bonds are expected to
result in net present value savings of 11.6% of refunded par.

Maximum annual debt service (MADS) on revenue bonds is expected to
drop to $40.4 million from $41.4 million. Debt service coverage
based on proforma MADS was 2x in fiscal 2016 and 1.4x in fiscal
2015 per Fitch's calculation compared to the BBB category of 3x.
Per bond covenant calculation, debt service coverage was 2.22x for
fiscal 2016 and would be 2.28x on pro forma MADS.

PROPERTY TAX REVENUE

As a California hospital district, PH receives unrestricted
property tax revenues from a fixed share of the 1% property tax
levied by the County of San Diego on all taxable real property in
PH's boundaries that can be used for operations or capital
improvements. PH received $15.1 million and $14.3 million in
unrestricted property tax revenues in fiscal 2016 and 2015,
respectively. This tax revenue is included in other operating
revenue (accounted for 2% of total revenue). PH also receives ad
valorem tax revenues generated by the separate voter-approved tax
levy that is solely used for the payment of principal and interest
on PH's series 2005, 2007, 2009, and 2010 GO bonds.

DISCLOSURE

PH covenants to provide annual audited financial reports and
unaudited quarterly financial statements to bondholders. Quarterly
information, including a balance sheet, income statement, and
statement of changes in net assets will be provided within 45 days
after the end of each of the first three fiscal quarters.

Fitch affirms the following outstanding debt at 'BB+':

   -- $161,110,000 COPs series 2010;

   -- $229,825,000 COPs series 2009;

   -- $166,700,000 COPs series 2006A-C.

The following debt is rated 'A+' and on Rating Watch Evolving*:

   -- $59,115,000 GO bonds election of 2004 series 2005;

   -- $64,919,679 GO bonds election of 2004 series 2010A;

   -- $110,000,000 GO bonds election of 2004 series 2009A
      (insured: Assured Guaranty Corp.);

   -- $233,478,447 GO bonds election of 2004 series 2007A
      (insured: MBIA Insurance Corp.);

*par amounts exclude accreted interest on capital appreciation
bonds.

Variation from Published Criteria

The analysis supporting the 'BB+' IDR includes a variation from
Fitch's 'U.S. Nonprofit Hospitals and Health Systems Rating
Criteria'. Enhanced analysis under the variation relates to the
evaluation of the strength of the tax revenues available to support
operations. This evaluation is supported by Fitch's 'U.S.
Tax-Supported Rating Criteria' dated April 21, 2016 that includes
refinements to the analysis of both tax revenue volatility, through
the new Fitch Analytical Sensitivity Tool (FAST), and the value of
taxing capacity relative to the issuer's potential revenue stress
in a downturn.


PARKLANDS OFFICE: Unsecureds To Recover 100% Under Plan
-------------------------------------------------------
Parklands Office Park, LLC, filed with the U.S. Bankruptcy Court
for the District of Connecticut an amended disclosure statement
relating to the Debtor's amended plan of reorganization.

Under the Plan, holders of Class 2 General Unsecured Claims --
approximate allowed amount at $211,176 -- will be paid their pro
rata share of monthly payments of $10,000 commencing on the 20th of
the first month following the sale to LCB with an estimated
commencement date of Feb. 20, 2017.  Any remaining balances on
allowed claims will be paid in full no later than June 30, 2019.
This class is impaired.  Approximate recovery under this class is
100%.

The Reorganized Debtor will assume its purchase and sale agreement
with LCB pursuant to the Plan and sell the property known as 1
Parklands to LCB for $12 million, free and clear of all liens,
claims, and interests.

The Debtor believes that the sale to LCB combined with the
remaining value and cash flow from 3 Parklands are more than
sufficient to meet its operating expenses and obligations under the
Plan.

The Amended Disclosure Statement is available at:

            http://bankrupt.com/misc/ctb16-50425-76.pdf

                  About Parklands Office Park

Parklands Office Park, LLC, a single asset real estate company,
owns and operates real property located in Darien, Connecticut
consisting of two office buildings.

The Debtor sought Chapter 11 protection (Bankr. D. Conn. Case No.
16-50425) on March 29, 2016.  The case is assigned to Judge Ann M.
Nevins.  The Debtor tapped James Berman, Esq., at Zeisler & Zeisler
P.C., as counsel.  The Debtor estimated assets and debt at $10
million to $50 million.


PERFORMANCE SPORTS: 251091708 Delaware Reports 11.1% Stake
----------------------------------------------------------
In an amended Schedule 13D filed with the Securities and Exchange
Commission, 251091708 Delaware LP, PubCo Investments LP, 2484842
Ontario Limited, et al., disclosed that as of Sept. 20, 2016, they
beneficially own 5,055,810 shares of common stock of Performance
Sports Group Ltd. representing 11.10 percent of the shares
outstanding.

251091708 purchased an additional 499,142 Common Shares in the open
market for an aggregate consideration of $1,767,897 (excluding
brokerage commissions).  All those purchases of Common Shares were
funded from available liquidity, which includes a revolving
syndicated credit facility to which affiliates of 251091708 are
parties.

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

                     https://is.gd/EhFFAq

              About Performance Sports Group Ltd.

Performance Sports Group Ltd. (NYSE: PSG) (TSX: PSG) is a leading
developer and manufacturer of ice hockey, roller hockey, lacrosse,
baseball and softball sports equipment, as well as related apparel
and soccer apparel.  The Company is the global leader in hockey
with the strongest and most recognized brand, and is a leader in
North America in baseball and softball.  Its products are marketed
under the BAUER, MISSION, MAVERIK, CASCADE, INARIA, COMBAT and
EASTON brand names and are distributed by sales representatives and
independent distributors throughout the world.  In addition, the
Company distributes its hockey products through its Burlington,
Massachusetts and Bloomington, Minnesota Own The Moment Hockey
Experience retail stores.  Performance Sports Group is a member of
the Russell 2000 and 3000 Indexes.  For more information on the
Company, please visit http://www.PerformanceSportsGroup.com  

As of Feb. 29, 2016, Performance Sports had $698 million in
total assets, $587 million in total liabilities and $110.59
million in total stockholders' equity.

                        *    *    *

As reported by the TCR on Aug. 18, 2016, Moody's Investors Service
downgraded Performance Sports Group Ltd's Corporate Family Rating
to Caa2 from B3 due to its weak operating performance combined with
its announcement that it will not file its audited financial
statements on time.  The rating outlook remains negative.

The TCR reported on Aug. 18, 2016, that S&P Global Ratings lowered
its corporate rating on Exeter, N.H.-based Performance Sports Group
Ltd. to 'CCC' from 'CCC+'.  "The downgrade reflects our view that
PSG will likely experience a near-term liquidity shortfall or debt
restructuring within the next 12 months," said S&P Global Ratings
credit analyst Bea Chem.


PERFORMANCE SPORTS: Hikes CEO's Base Salary to $1.5 Million
-----------------------------------------------------------
The Board of Directors of Performance Sports Group, upon
recommendation by the Compensation Committee, approved an increase
to the annual base salary of Harlan Kent, the Company's chief
executive officer, to $1,500,000, effective Aug. 1, 2016, pursuant
to the First Amendment to the Employment Agreement, among the
Company, Bauer Hockey, Inc., a wholly owned subsidiary of the
Company, and Mr. Kent, effective as of Sept. 22, 2016.  

As previously disclosed in the Company's Current Report on Form 8-K
filed on June 8, 2016, Mr. Kent's prior annual base salary was
$750,000.  Mr. Kent will receive this increase in salary instead of
the initial award of stock options and restricted stock units of
the Company contemplated under the Employment Agreement, among the
Company, Bauer Hockey and Mr. Kent, effective as of June 20, 2016.

               About Performance Sports Group Ltd.

Performance Sports Group Ltd. (NYSE: PSG) (TSX: PSG) is a leading
developer and manufacturer of ice hockey, roller hockey, lacrosse,
baseball and softball sports equipment, as well as related apparel
and soccer apparel.  The Company is the global leader in hockey
with the strongest and most recognized brand, and is a leader in
North America in baseball and softball.  Its products are marketed
under the BAUER, MISSION, MAVERIK, CASCADE, INARIA, COMBAT and
EASTON brand names and are distributed by sales representatives and
independent distributors throughout the world.  In addition, the
Company distributes its hockey products through its Burlington,
Massachusetts and Bloomington, Minnesota Own The Moment Hockey
Experience retail stores.  Performance Sports Group is a member of
the Russell 2000 and 3000 Indexes.  For more information on the
Company, please visit http://www.PerformanceSportsGroup.com  

As of Feb. 29, 2016, Performance Sports had $698 million in
total assets, $587 million in total liabilities and $110.59
million in total stockholders' equity.

                        *    *    *

As reported by the TCR on Aug. 18, 2016, Moody's Investors Service
downgraded Performance Sports Group Ltd's Corporate Family Rating
to Caa2 from B3 due to its weak operating performance combined with
its announcement that it will not file its audited financial
statements on time.  The rating outlook remains negative.

The TCR reported on Aug. 18, 2016, that S&P Global Ratings lowered
its corporate rating on Exeter, N.H.-based Performance Sports Group
Ltd. to 'CCC' from 'CCC+'.  "The downgrade reflects our view that
PSG will likely experience a near-term liquidity shortfall or debt
restructuring within the next 12 months," said S&P Global Ratings
credit analyst Bea Chem.


PERFORMANCE SPORTS: Sports Direct Holds 4.1% Stake as of Sept. 20
-----------------------------------------------------------------
In an amended Schedule 13D filed with the Securities and Exchange
Commission, Sports Direct International plc disclosed that as of
Sept. 20, 2016, it beneficially owns 1,847,695 shares of common
stock of Performance Sports Group Ltd. representing 4.1 percent of
the shares outstanding.  A full-text copy of the regulatory filing
is available for free at https://is.gd/gNw3os

               About Performance Sports Group Ltd.

Performance Sports Group Ltd. (NYSE: PSG) (TSX: PSG) is a leading
developer and manufacturer of ice hockey, roller hockey, lacrosse,
baseball and softball sports equipment, as well as related apparel
and soccer apparel.  The Company is the global leader in hockey
with the strongest and most recognized brand, and is a leader in
North America in baseball and softball.  Its products are marketed
under the BAUER, MISSION, MAVERIK, CASCADE, INARIA, COMBAT and
EASTON brand names and are distributed by sales representatives and
independent distributors throughout the world.  In addition, the
Company distributes its hockey products through its Burlington,
Massachusetts and Bloomington, Minnesota Own The Moment Hockey
Experience retail stores.  Performance Sports Group is a member of
the Russell 2000 and 3000 Indexes.  For more information on the
Company, please visit http://www.PerformanceSportsGroup.com  

As of Feb. 29, 2016, Performance Sports had $698 million in
total assets, $587 million in total liabilities and $110.59
million in total stockholders' equity.

                        *    *    *

As reported by the TCR on Aug. 18, 2016, Moody's Investors Service
downgraded Performance Sports Group Ltd's Corporate Family Rating
to Caa2 from B3 due to its weak operating performance combined with
its announcement that it will not file its audited financial
statements on time.  The rating outlook remains negative.

The TCR reported on Aug. 18, 2016, that S&P Global Ratings lowered
its corporate rating on Exeter, N.H.-based Performance Sports Group
Ltd. to 'CCC' from 'CCC+'.  "The downgrade reflects our view that
PSG will likely experience a near-term liquidity shortfall or debt
restructuring within the next 12 months," said S&P Global Ratings
credit analyst Bea Chem.


PERSEON CORP: Plan Filing Deadline Extended Thru Nov. 21
--------------------------------------------------------
BankruptcyData.com reported that the U.S. Bankruptcy Court approved
Perseon's motion for entry of an order extending the deadline under
Bankruptcy Code Section 1129(e) through and including Nov. 30,
2016.  As previously reported, "The Debtor will seek the soonest
possible time for a hearing to consider confirmation of the Plan,
subject to the noticing requirements of the Bankruptcy Code and
Federal Rules of Bankruptcy Procedure.  The Debtor anticipates that
the Plan will pay 100% to general unsecured creditors.  The Debtor
would submit that the Plan, on its face, is confirmable and
satisfies the requirements of Bankruptcy Code section 1129. In the
event the Plan is not confirmed as filed, the Debtor will act
promptly to file an amended plan and seek its confirmation.  The
Debtor respectfully requests the Court to enter an Order extending
the 45 day deadline through and including Nov. 30, 2016, and
granting such other and further relief as is just."

                     About Perseon Corp.

Perseon Corp., formerly known as BSD Medical Corp., sought Chapter
11 protection (Bankr. D. Utah Case No. 16-24435) on May 23, 2016,
in Salt Lake City. Perseon is publicly traded medical technology
developer and manufacturer that is primarily focused on creating
and manufacturing ablation technologies for treating cancer.

The Debtors listed $1 million to $10 million in assets and debt.

The Debtors are represented by Steven T. Waterman, Esq., at Dorsey
& Whitney LLP.  Nixon Peabody LP serves as patents counsel.  The
petition was signed by Clinton E. Carnell Jr., CEO/President.

Chief Judge R. Kimball Mosier is assigned to the case.


PETROLIA ENERGY: Acquires Additional Interest in Permian Basin Oil
------------------------------------------------------------------
Petrolia Energy Corporation has entered into a definitive agreement
with Whistler Ventures, LLC, to acquire a 25% working interest
position in Twin Lakes San Andres Unit, a long producing oil and
gas property in the Permian Basin.

Whistler will divest its position in the field by acquiring
3,500,000 shares in Petrolia Energy, for an aggregate purchase
price of approximately $350,000, subject to customary purchase
price adjustments.

The Acquisition property, which is located in Chaves County, NM,
will further broaden the Company's exploration and production
footprint in the Northwest Shelf of the Permian Basin.  The
Acquisition advances Petrolia's strategy of acquiring, developing
and producing oil and gas from resource plays in its core operating
areas and expanding into areas where it can capitalize on its
operating and technical expertise.

Acquisition Highlights:

   * Located 35 miles northeast of Roswell, NM

   * Approximately 4860 gross acres in Chavez County, NM

   * 100% of acreage is held by production to base of San Andres
     formation

   * The San Andres formation is part of the Northwestern Shelf of
     the Permian Basin

   * 25% working interest to be added to the Petrolia's existing
     15% working interest position

   * 3.5 million shares being issued to Whistler, in a share-based
     transaction, with an aggregate value of $350,000

   * Net proved reserves, based on internal estimates, of
     approximately 2.56 million barrels of oil equivalent (MMBoe)

"The Acquisition adds significant inventory to our asset base and
broadens our footprint in a world-class crude oil basin," commented
Zel C. Khan, president and CEO of Petrolia Energy.  "We believe
increasing our position in our existing assets, will enhance our
crude oil production growth and maximize our operating
efficiency."

The transaction closed on Sept. 21, 2016, subject to customary
closing conditions, with an effective date of Sept. 1, 2016.

For additional information, please refer to Petrolia's filings with
the SEC, which is available for free at https://is.gd/eCptVf


                About Petrolia Energy Corporation

Headquartered in Houston, Texas, Petrolia Energy Corporation,
formerly known as Rockdale Resources Corporation.  With over 80
years of operational and management experience throughout the
energy industry, the Company explores oil and gas development
opportunities.  Petrolia Energy's core focus is on the utilization
of new technology as well as the implementation of its own
proprietary technologies in order to improve the recoverability of
existing oil fields.

As of June 30, 2016, Rockdale had $4.24 million in total assets,
$1.40 million in total liabilities and $2.83 million in total
stockholders' equity.

Rockdale incurred a net loss of $1.85 million in 2015 following a
net loss of $1.67 million in 2014.

MaloneBailey, LLP, in Houston, Texas, issued a "going concern"
qualification on the consolidated financial statements for the year
ended Dec. 31, 2015, noting that the Company has incurred losses
from operation since inception.  This factor raises substantial
doubt about the Company's ability to continue as a going concern.



PICO HOLDINGS: Bloggers Admit Error, Chide Marino For Complacency
-----------------------------------------------------------------
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 admit they made an error. "It was the employee's
fault.

Unfortunately, we are not John Stumpf, CEO of Wells Fargo; we have
no employees to blame when things go wrong. Something has gone
wrong. We made a mistake and we need to correct it.

A few weeks back, we trumpeted our Hart Bonus workaround, which we
affectionately called, "Juice The Juicer." We stated that if PICO
Holdings withheld certain funds from distribution to shareholders,
those funds would be shielded from the Bonus Pool.

This was inaccurate.

The Adjustment Factor is calculated by dividing the capital
returned to shareholders by the proceeds derived from the asset
sale. The Net Gain is multiplied by the Adjustment Factor and that
result is multiplied by 20% to arrive at the Bonus Pool for Juicer,
Max "Tangled" Webb and John Perri.

The idea for Juice The Juicer came to us as we were working on a
different business problem. We had not looked at the Hart Bonus
Plan for some weeks. We thought our memory of the Hart Bonus Plan
was perfect. We connected our perceived solution and our erroneous
recall of the Hart Bonus Plan and lept to the glorious conclusion
that we had found a workaround. But alas, we were in error.

We are all familiar with the saying, "Look before you leap." RPN
needs to, "Look before you type."

Our mistake was not totally in vain. It led us to the recognition
of the Administrative Expense shield. In any given year, the PICO
Board should sell assets with a price tag equal to or less than
Administrative Expenses. All such asset sales will be free and
clear of any Bonus payments.

For the same reason, the Board should monetize all assets whose
sale price would come in around carrying value. No payment of Bonus
would be required."

Next, the bloggers chide PICO Chairman Raymond Marino for what they
perceive to be a lack of progress. "Raymond 'The One Man
Bureaucracy' Marino continues to confound. It is not just that he
fails to make the big, bold decisions. We understand that those
take time. He also refuses to get the small stuff done. It seems to
us that literally, nothing is getting finished.

The One Man Bureaucracy became Chairman in late March. In June, a
few shareholders told us that they had asked about the Hart
Employment Agreement. Ray hadn't read it yet. They asked for his
thoughts on UCP. Ray hadn't spoken to them yet. What about Vidler?
Nothing.

At the Annual Meeting, PICO Investor Andrew Shapiro asked about
Board Declassification. No progress there. Had Ray contacted
Central Square? 'High-level discussions,' i.e., nothing. How about
switching out the PICO representatives on the UCP Board? Nope --
haven't done that either.

The One Man Bureaucracy did announce that he'd lunched with UCP CEO
Dustin Bogue and UCP CFO Jamie Pirrello, shortly before the Annual
Meeting. To use his words, he 'took the liberty. . . .'  That's a
bold liberty, Ray.

The One Man Bureaucracy celebrates his 6-month anniversary as
Chairman on September 23. He has received around $90,000 in
compensation from PICO shareowners. While married couples prize
stability, the PICO situation needs change. Change has been hard to
come by under Delaymond's tenure.

We find the lack of progress at UCP especially perplexing given
that, if he hops on the 101, Delaymond lives just a 32-minute drive
from UCP headquarters. He probably lives closer than most of the
employees.

How can a Chairman, who lives 32 minutes away, have done so little
in 6 months? Since he is practically next door, why isn't Delaymond
on the UCP Board and Juicer off?

We understand that The One Man Bureaucracy wants to analyze
situations from every angle. But how long does it take to call
Central Square? How long does it take to remove Juicer from the UCP
Board?

The big stuff is not getting done. The small stuff is not getting
done. Nothing is getting done. If you are a PICO shareowner, kinda
makes you wonder what we get for almost $200,000 per year.

Ray's Laundry List continues untouched:

    Contact Central Square To Alter Agreement;
    Declassify Board;
    Remove Juicer and Max Webb from UCP Board;
    Disclose Status of UCP Officer Ownership Guidelines;
    Disclose Results of PICOGate Investigation;
    Disclose Information Sought in Books & Records Request; and
    Sell assets in 2016.


PICO HOLDINGS: Bloggers Predict Intangible Asset Writedown
----------------------------------------------------------
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 wonder out loud whether PICO Holdings has something in
common with Exxon. "Splashed on media everywhere is the development
that New York Attorney General Eric Schneiderman, Esq., is
investigating Exxon for its lack of asset writedowns. The
Securities and Exchange Commission is also on the beat. Mr.
Schneiderman argues that, due to the steep plunge in the price of
crude oil, Exxon stands out as the only major in the E&P industry
that hasn't taken an asset impairment charge.

This leads to an interesting question: Will PICO write down assets
soon?

Asset acquisition costs go into one of three buckets: long-lived
assets, intangible assets and goodwill. Long-lived assets are hard
assets like land, buildings, machinery -- or in PICO/Vidler's case,
pipes, pumps, valves, etc.  Intangible assets might include
customer development costs, software development investments -- or
in PICO/Vidler's case, water credits and pipeline rights. Goodwill
is the premium paid above these first two in the event of an
acquisition.

If you want to know more about asset impairment, the PICO
executives are ideal sources of information. Over the last 5 years,
CEO John "The Juicer" Hart, CFO Max "Tangled" Webb and CAO John
Perri have had the self-imposed opportunity to impair many, many
assets -- to the detriment of shareholders. Asset impairment seems
to be an unfortunate core competency for this executive team.

While impairments occur every year at PICO, most firms manifest
greater competence, making impairment more a question of nuanced
judgement. Interestingly, the fact that investors sell down a
company's shares is not, in and of itself, a triggering event. This
is why PICO can trade at $10 per share and not impair any assets,
even though per share net asset value is $14 and change. Management
corruption and incompetence are not triggering events under ASC
350.

Here is PICO's disclosure of valuation assumptions for the
'Intangible Water Assets,' taken from the 2014 10-K. Read it
carefully:

'In summary, the cash flow models for our indefinite-lived
intangible assets forecast initial sales to begin in approximately
three years, and then increase until the assets are completely sold
over the next 30 years. We have assumed sale proceeds for the
assets that are based on our estimates of the likely future sales
price per acre-foot. These per-unit sale prices are estimated based
on the demand and supply fundamentals in the markets which these
assets serve.'

Here is the same disclosure from the 2015 10-K. Read it carefully:

'In summary, the cash flow models for our most significant
indefinite-lived intangible assets forecast initial sales to begin
within approximately one year, and then increase until the assets
are completely sold over the next 37 years. We have assumed sale
proceeds for the assets that are based on our estimates of the
likely future sales price per acre-foot. These per-unit sale prices
are estimated based on the demand and supply fundamentals in the
markets which these assets serve.'

First, there is a slight alteration to the disclosure. The 2014
filing starts with 'In summary, the cash flow models for our
indefinite-lived intangible assets….' The 2015 filing has a few
extra words, which change the meaning: 'In summary, the cash flow
models for our most significant indefinite-lived intangible
assets.…'

In 2015, PICO added the words 'most significant.'

We read the 2014 disclosure to indicate that PICO included all
indefinite-lived intangible assets in the model. We read the 2015
disclosure to indicate that some indefinite-lived intangible assets
have been removed from the model; the disclosure only relates to
'our most significant…' Some indefinite-lived intangible assets
that were included in 2014 may not have been included in 2015.

PICO also tinkered with the forecast period.

In 2014, PICO indicated that initial sales would begin in 3 years
and in 2015, PICO indicated that initial sales would begin in one
year. PICO advanced the initial cash flow by one year (since 3
years in 2014 would have been 2 years in 2015 due to the passing of
one year's time).

PICO lengthened the asset sale timeline from 30 years to 37 years.
Again, given the passage of one year from 2014 to 2015, it would
have been assumed that 29 years was the next increment. So PICO
extended the timeline by 8 years.

What were the effects on the Intangible Water Assets? All else
equal, bringing the initial sale assumption forward one year raised
the NPV. But extending out the duration of sales reduced the NPV.

There are so many assumptions and variables in this exercise that
we cannot draw any conclusions. PICO may have adjusted the cash
flows, the discount rate or any other number of variables. With
just the information given, we cannot ascertain the effects nor the
rationality of these changes in assumptions.

We hope disclosure improvement lies ahead for PICO shareowners.
Chairman Raymond "Delaymond" Marino is an accountant. We believe he
is comfortable with real estate asset spreadsheets and fair value
calculations. We expect Delaymond to take a more active role in
PICO's 2016 accounting disclosures and we expect greater clarity
and reliability in the 2016 10-K.

The next 10-K is 6 months off. But we would not be surprised to see
a water asset writedown. In our opinion, PICO's accounting has been
deceptive and low-quality for many years.  Our experience tells us
that such accounting never produces conservative results.

There is a "Revision to Business Plan," which this Board has not
rescinded, that outlines asset sales and return of capital to
shareholders. If this Plan is to be implemented, valuation
assumptions and cash flow models will have to be revisited.

PICO has taken several water-related writedowns. These writedowns
were counter-intuitive as they directly contradicted what Juicer
was telling us with his cute Vidler presentations. They were also
in direct contradiction to the momentum of the economy. Pretty much
everything real estate has been going up the last five years, but
PICO has taken writedowns in its water portfolio. That tells us
something."


PILOT TRAVEL: Moody's Hikes Corporate Family Rating to Ba1
----------------------------------------------------------
Moody's Investors Service upgraded Pilot Travel Centers LLC's
ratings, including its Corporate Family Rating to Ba1, its
Probability of Default rating to Ba2-PD, and its senior secured
bank facility rating to Ba1. The outlook was revised to stable from
positive.

"The upgrade reflects Pilot's strong operating performance,
including improving merchandise and restaurant segment margins,
which has enabled the company to reduce leverage to below 3.5x -- a
level we previously indicated could lead to a ratings upgrade",
stated Peter Trombetta, an Analyst at Moody's. While fuel sales
makes up about 85% of the company's total sales, inside sales --
primarily including merchandise and restaurant revenue -- typically
makes up almost half of the company's gross profit. Inside sales
revenue is more stable and provides an offset to more volatile fuel
sales. Moody's expects the company will continue to improve inside
sales gross profit and maintain fuel margins which will enable it
to sustain debt/EBITDA around 3.0x and EBIT/interest expense of
about 6.0x.

The following ratings are upgraded:

   -- Corporate Family Rating to Ba1 from Ba2

   -- Probability of Default Rating To Ba2-PD from Ba3-PD

   -- $1,000 million senior secured revolving credit facility due
      2019 to Ba1 (LGD3) from Ba2 (LGD3)

   -- $900 million (outstanding) senior secured term loan A-1 due
      2019 to Ba1 (LGD3) from Ba2 (LGD3)

   -- $515 million (outstanding) senior secured term loan A-2 due
      2019 to Ba1 (LGD3) from Ba2 (LGD3)

   -- $833 million (outstanding) senior secured term loan A-3 due
      2019 to Ba1 (LGD3) from Ba2 (LGD3)

   -- $1,420 million (outstanding) senior secured term loan B due
      2023 to Ba1 (LGD3) from Ba2 (LGD3)

RATINGS RATIONALE

Pilot's Ba1 Corporate Family Rating reflects the company's good
debt protection metrics -- Moody's expects the company will
maintain debt/EBITDA at about 3.0x and EBIT/interest at about 6.0x
-- meaningful scale, geographic reach, and good liquidity. The
company also benefits from its diverse profit stream. While fuel
revenue accounts for about 85% of total sales, inside sales at its
stores -- including higher margin merchandise sales and restaurant
revenue -- accounts for almost half of Pilot's gross profit. About
80% of Pilot's fuel revenue comes from the sale of diesel and
diesel exhaust fluid through direct billing agreements with
trucking fleets, which adds to the predictability of its revenue
stream and further reduces its earnings volatility. Pilot supplies
diesel fuel to the majority of the 100 largest long haul trucking
fleets in the US and is the number one supplier of diesel fuel
volumes in the country. The ratings are constrained by Pilot's
reliance on high volume, low margin fuel sales, some regional
concentration, and concern that financial policies with respect to
dividends and acquisitions could become more aggressive. Moody's
said, “We expect the company will make tuck-in acquisitions as it
looks to add presence in certain geographic locations.”

The stable rating outlook reflects Moody's expectation that Pilot's
operating performance will remain strong and the company will
maintain debt/EBITDA around 3.0x with EBIT/interest coverage of
about 6.0x over the next 12 to 18 months.

Pilot has good liquidity reflecting Moody's expectation that over
the next 12 to 18 months the company's internal cash flow and cash
balances (about $56 million at June 30, 2016) will be sufficient to
cover debt service needs, capital expenditures -- including
maintenance and new store growth -- and dividends. As an LLC, the
company is required to distribute amounts to its owners each
quarter to cover taxes. Moody's said, “We expect the company will
dividend between $600 million and $700 million over the next 12
months for tax purposes as well as common dividends. In 2015 Pilot
raised debt to purchase the equity of one of its owners.” While
Moody's projections do not include another transaction similar to
this in the near term, there is a chance that at some point an
owner looks to exit the business and Pilot will need to raise debt
or use its free cash flow to fund the purchase. The company has
access to a $1.0 billion committed revolver that had about $200
million outstanding at June 30, 2016. The company is subject to
leverage and interest coverage financial maintenance covenants, and
Moody's expects the company will maintain ample cushion under
each.

An upgrade would require a balanced growth strategy, financial
policy and capital structure that supports the credit profile
required of an investment grade rating. An upgrade would also
require very good liquidity, stable margins for its non-fuel
businesses. Quantitatively, an upgrade would require debt/EBITDA
maintained below 2.5 times and EBIT/interest sustained near 5.5
times.

A downgrade could occur in the event that liquidity contracted
beyond current levels or debt protection metrics weaken due to a
sustained deterioration in operating performance. The adoption of
an aggressive financial policy or growth strategy that negatively
impacted debt protection metrics or liquidity could also pressure
the ratings. Specifically, ratings could be downgraded if debt to
EBITDA exceeded 4.0 times on a sustained basis or if EBIT to
interest is sustained below 2.75 times.


PIONEER HEALTH: Has Until November 30 to File Plan
--------------------------------------------------
Judge Neil P. Olack of the U.S. Bankruptcy Court for the Southern
District of Mississippi extended Pioneer Health Services, Inc., et
al.'s exclusive period to file Disclosure Statements and Plans of
Reorganization, pursuant to the agreement entered into by the
United States Trustee for Region 5 and the Debtors.

The Debtors were each given until November 30, 2016 to file a
disclosure statement and a confirmable plan of reorganization.

The Court's order provides that the Debtors were directed to sweep
all funds from any of their pre-petition clearing accounts into
their respective debtor-in-possession bank accounts on or before
August 26, 2016.  The Debtors were further directed to deposit all
their funds or sweep all their funds into their respective DIP bank
accounts after August 26, 2016.

The Debtors were ordered to make all disbursements from their
respective DIP bank accounts and file all requisite amended
schedules and amended statements of financial affairs, on or before
September 15, 2016.  They also were directed to file all their
delinquent monthly operating reports on or before September 15,
2016.

              About Pioneer Health Services, Inc.

Pioneer Health Services, Inc., and its debtor-affiliates, including
Medicomp Inc., filed separate Chapter 11 bankruptcy petitions
(Bankr. S.D. Miss. Lead Case No. 16-01119) on March 30, 2016.
Pioneer Health Services of Early County, LLC, filed a Chapter 11
case on April 8, 2016. The cases are administratively consolidated.
The petitions were signed by Joseph S. McNulty III, president.

The Debtors provide healthcare services to rural communities, and
own and manage rural critical access hospitals.

Judge Hon. Neil P. Olack presides over the Debtors' cases.

The Law Offices of Craig M. Geno PLLC serves as the Debtors'
counsel, Mintz Levin Cohn Ferris Glovsky and Popeo, P.C., to act as
special counsel.

Pioneer Health Services estimated $10 million to $50 million in
both assets and liabilities.

Henry Hobbs, Jr., acting U.S. trustee for Region 5, on April 19
appointed three creditors of Pioneer Health Services, Inc. to serve
on the official committee of unsecured creditors. The Committee
hired Arnall Golden Gregory LLP as counsel, and GlassRatner
Advisory & Capital Group LLC as financial advisor.



PLANDAI BIOTECHNOLOGY: Shareholders OK Outstanding Shares Hike
--------------------------------------------------------------
Shareholders of Plandai Biotechnology, Inc., representing 54% of
the issued and outstanding shares eligible to vote convened a
special meeting of the shareholders and approved an amendment to
the Company's articles of incorporation to increase the number of
issued and outstanding shares from 500 million shares to 1 billion
shares.  The Articles of Amendment were filed with the Secretary of
State of Nevada on Sept. 15, 2016.

On Sept. 20, 2016, the Company's Board of Directors voted to
approve a stock dividend of 25 million shares, representing 25% of
the total outstanding stock of its wholly-owned subsidiary,
Cannabis Biosciences, Inc., which will be paid to Plandai's
shareholders of record as of Sept. 30, 2016.  The Company intends
to file a registration statement covering the dividend shares as
part of the Company's plan to spin Cannabis Biosciences off as a
separate, publicly-traded entity in the coming months.

Cannabis Biosciences is the parent company of Plandai Biotechnology
Uruguay, S.A., and holds the license from Plandaí to conduct all
product development, clinical trials, sales and marketing for
Plandai's cannabis-derived bioavailable extract.

                       About Plandai

Based in Goodyear, Arizona, Plandai Biotechnology, Inc., through
its recent acquisition of Global Energy Solutions, Ltd., and its
subsidiaries, focuses on the farming of whole fruits, vegetables
and live plant material and the production of proprietary
functional foods and botanical extracts for the health and
wellness industry.  Its principle holdings consist of land, farms
and infrastructure in South Africa.

Plandai reported a net loss of $10.07 million on $92,898 of
revenues for the year ended June 30, 2015, compared to a net loss
of $16.04 million on $265,735 of revenues for the year ended June
30, 2014.

As of March 31, 2016, Plandai had $6.62 million in total assets,
$17.1 million in total liabilities, and a stockholders' deficit of
$10.4 million.

Pritchett, Siler & Hardy P.C., in Farmington, Utah, issued a "going
concern" qualification on the consolidated financial statements for
the year ended June 30, 2015, citing that the Company Company
suffered a loss from operations during the years ended June 30,
2015 and 2014, has yet to establish a reliable, consistent and
proven source of revenue to meet its operating costs on an ongoing
basis and currently does not have sufficient available funding to
fully implement its business plan.  These factors raise substantial
doubt about its ability to continue as a going concern.


PRAIRIELANDS PUBLIC: S&P Lowers Rating on Revenue Bonds to 'BB'
---------------------------------------------------------------
S&P Global Ratings lowered its long-term rating to 'BB' from 'BBB'
on Prairielands Public Facility Corporation, Texas' existing
revenue bonds issued for the city of Alvarado.  The rating remains
on CreditWatch with negative implications, where it was placed on
June 3, 2016.

"The lowered rating reflects our view of the industry's inherent
volatility, primarily because of the potential fluctuation for
facility demand, its essentiality, and the uncertainty created by
event risks and changes in policy at the federal level.  As a
result of the Aug. 18, 2016 memo by the U.S. Department of Justice
directing the Federal Bureau of Prisons to "reduce and ultimately
end the use of privately operated prisons" based on the assertion
that they do not maintain the same level of safety and security and
do not save substantially on costs relative to facilities operated
by the Federal Bureau of Prisons the Department of Homeland
Security directed a subcommittee to review its current policy and
practices concerning the use of private immigration detention
centers and evaluate whether the practice should be eliminated.  A
potential policy shift could have a significant impact on the
credit quality of the bonds secured by revenues pledged under
contracts with Immigration and Customs Enforcement (ICE) due to the
nature of the federal contracts.  All of the contracts with ICE are
term-limited and subject to renewal and termination," S&P said.

"While we believe the Department of Justice actions and Department
of Homeland Security subcommittee indicate a potential shift in
federal policy with respect to private detention centers, we are
distinguishing between contracts with the Federal Bureau of Prisons
and ICE," said S&P Global Ratings credit analyst Jenny Poree.
"Further, there is capacity within the FBOP system to transfer
inmates to FBOP operated facilities whereas according to ICE, there
is only capacity to house 11% of the current detainee population in
ICE owned and operated facilities, creating a practical limitation
on the speed and magnitude of potential detainee movement.  We will
continue to monitor the situation and take necessary rating actions
as necessary," Ms. Poree added.


PRECISION WELDING: Wants to Use Cash Collateral
-----------------------------------------------
Precision Welding, Inc. seeks authorization from the U.S.
Bankruptcy Court for the Central District of California to use its
monies to operate its business, to honor existing and future
contracts for work, and to grant entities asserting interests in
the Debtor's monies with replacement liens in collateral of the
estate.

The Debtor tells the Court that it operates a steel fabrication and
erection company in Lancaster, California, employs some 15
employees and generates gross revenues in the $1 million to $2
million range annually. The Debtor further tells the Court that if
it cannot use its cash collateral, the Debtor would need to cease
its business operation and let its employees go.

The Debtor submitted a proposed Budget which covers the period from
August 15, 2016 to the month of December 2016, and projects total
operating expenses of $286,889.

Based on recorded UCC 1 Financing Statements, these appear to be
the Debtor's secured creditors, who have a total claim amounting to
$298,568:

     (a) Bank of America, which is owed $52,267 and $39,165;

     (b) On Deck Capital, which is owed $165,120; and

     (c) Kabbage, Inc., which is owed $42,016.

A hearing on the Debtor's use of cash collateral is scheduled on
Oct. 6, 2016 at 8:30 a.m.

A full-text copy of the Debtor's Motion, dated September 15, 2016,
is available at https://is.gd/slmYwM

Bank of America can be reached at:

          BANK OF AMERICA
          PO Box 660576
          Dallas, TX 75266-0576

Kabbage, Inc. can be reached at:

          KABBAGE, INC.
          730 Peachtree St., Suite 1100
          Atlanta, GA 30308

On Deck Capital can be reached at:

          ON DECK CAPITAL
          Attn: Director of Operations
          901 N. Stuart St, Ste 700
          Arlington, VA 22203


                      About Precision Welding

Precision Welding, Inc. filed a chapter 11 petition (Bankr. C.D.
Cal. Case No. 16-20823) on Aug. 15, 2016.  The petition was signed
by David Jones, president and CEO.  The Debtor is represented by
Steven R. Fox, Esq., at the Law Offices of Steven R. Fox.  The case
is assigned to Judge Sandra R. Klein.  The Debtor disclosed total
assets of $1.07 million and total liabilities of $909,260.


PRESS GANEY: Moody's Assigns B3 Corporate Family Rating
-------------------------------------------------------
Moody's Investors Service assigned credit ratings to Press Ganey
Holdings, Inc. ("Press Ganey"), including a B3 Corporate Family
Rating ("CFR"), a B3-PD Probability of Default rating ("PDR"), a B2
rating on the proposed first-lien revolving credit and term loan
facilities, and a Caa2 rating on the proposed second-lien term
loan. Approximately $1.0 billion of proceeds from the new term loan
facilities, plus a large equity commitment from funds associated
with sponsor EQT Partners ("EQT") and management, will be used to
purchase all of Press Ganey's outstanding common stock for a
consideration of $2.28 billion, and to refinance a small amount of
existing debt and cover related fees. The ratings outlook is
stable.

Moody's assigned the following ratings to Press Ganey Holdings,
Inc.:

   -- Corporate Family Rating, Assigned B3

   -- Probability of Default Rating, Assigned B3-PD

   -- Senior Secured Revolving Credit Facility expiring 2021,
      Assigned B2, LGD3

   -- Senior Secured 1st Lien Term Loan due 2023, Assigned B2,
      LGD3

   -- Senior Secured 2nd Lien Term Loan due 2024, Assigned Caa2,
      LGD5

   -- Outlook, Assigned Stable

RATINGS RATIONALE

The B3 CFR reflects Press Ganey's small but growing $375
million-revenue scale and very high, approximately 9.0 times
Moody's-adjusted debt-to-EBITDA opening leverage, which reduces
EBITDA by the substantial expenses for software development costs
that the company capitalizes. Without the adjustment,
debt-to-EBITDA is still high, at 7.5 times. For the past decade the
company has benefited from Centers for Medicaid and Medicare
("CMS") --imposed regulatory requirements for patient satisfaction
surveys, and continues to benefit today from increasingly complex
legislation such as value-based-purchasing stipulated by the
Affordable Care Act. However, while Press Ganey has minimal
concentration with regard to its healthcare-provider clients,
Moody's believes there is high exposure to legislative risk
inherent in its close relationship with the CMS, which oversees the
designation and certification of vendors such as Press Ganey to
offer survey services. Barriers to entry are low, but Press Ganey's
survey design and administration experience and extensive survey
data support a strong brand presence that has sustained
long-standing client relationships.

Notwithstanding high leverage and legislative risk, Press Ganey has
an attractive business model as a leading provider of survey-based
patient-experience measurement and performance-enhancement services
to hospitals, physicians groups, and other care-delivery settings.
The company has good operating momentum as it enters the EQT era,
with low-double-digit-percentage revenue growth,
thirty-plus-percent EBITDA margins, and good revenue visibility
stemming from an average customer-retention rate of more than 95%
and an average contract life (among its top one hundred customers)
approaching three years.

Moody's views Press Ganey's liquidity as good, despite the muting
impact the high interest burden will have on the company's
otherwise strong free-cash-flow-generation capability. Moody's
expects free cash flow of roughly $50 million next year,
representing close to 5% of total debt, good for the ratings
category. But Moody's also expects that private-equity ownership
implies an aggressive financial policy -- despite EQT's track
record of rarely effecting dividend recaps or taking management
fees -- and as such leverage may moderate only to the
high-7.0-times range (on a Moody's-adjusted basis) over the next
twelve months.

The rating outlook is stable, and reflects Moody's assumption that
the company will achieve mid- to high-single-digit revenue and
earnings growth over the next twelve months along with very modest
debt reduction. Supplemental revenue growth could be generated from
"white-space" opportunities as healthcare spending increases and
healthcare providers focus more on value-add propositions, but
competition is stiffer outside of Press Ganey's core
customer-experience-survey services.

The rating could be upgraded if the company can continue the strong
pace of revenue growth while diversifying revenue sources across
business lines, while bringing debt-to-EBITDA leverage (including
Moody's software-development adjustment) below 7.0 times. The
ratings could be downgraded if there is deterioration in the
company's top line, suggestive, perhaps, of a legislation-related
impact on the company's scope of business, or if free cash flow
approaches low single-digits as a percentage of Moody's-adjusted
debt.

Headquartered in Wakefield, Massachusetts, Press Ganey Holdings,
Inc. ("Press Ganey") is a leading provider of performance
measurement and improvement services to U.S. healthcare providers
including hospitals, medical practices and alternate-site
providers. The company's portfolio of services addresses the needs
of healthcare organizations to measure and improve patient
satisfaction (based on results of patient surveys), enhance quality
of care, increase operational efficiencies, and optimize Medicare
reimbursement capabilities. Press Ganey operates in four primary
businesses, including patient satisfaction surveying, clinical
performance measurement, caregiver engagement, and operational and
strategic consulting services. Press Ganey, following a late-2016
LBO, will be owned by private equity sponsor EQT Partners and
management. Moody's expects 2017 revenues of just over $400
million, an approximately 8% improvement over the prior year.

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


PROGRESSIVE PLUMBING: Allied Can Collect $70K for S.C. Project
--------------------------------------------------------------
Judge Karen S. Jennemann of the United States Bankruptcy Court for
the Middle District of Florida, Orlando Division, granted the
motion filed by Allied World Specialty Insurance Company for relief
from stay in the case captioned In re PROGRESSIVE PLUMBING, INC.,
Debtor, Case No. 6:15-bk-07275-KSJ (Bankr. M.D. Fla.).

Allied provided surety bonds to insure performance and payment for
commercial plumbing jobs undertaken by the Debtor.  Two of the
bonded projects involved the same general contractor, The Evergreen
Construction Corporation.  One project was located in Atlanta and,
due to Progressive's inability to complete the job, Allied paid
others to finish the job.  Progressive eventually completed the
second project in South Carolina, and thus was due approximately
$70,000.  Allied filed its motion seeking stay relief to collect
this balance due arguing legal theories of subrogation and setoff.

Allied argued that cause exists for the court to grant relief from
the automatic stay because the $70,000 is not property of the
estate under the doctrine of equitable subrogation.  Progressive
disagreed, primarily arguing that Allied has no right to equitable
subrogation because all amounts due on the bonded projects were
rolled into the promissory note that Progressive previously
executed in favor of Allied, which constituted a novation or waiver
precluding subordination.

Judge Jennemann concluded that Allied is entitled to relief from
stay to pursue the funds due under the South Carolina project under
the doctrine of equitable subrogation.  The judge held that the
promissory note did not act as a novation, and Allied did not waive
its equitable subrogation rights.

A full-text copy of Judge Jennemann's September 20, 2016 memorandum
opinion is available at
http://bankrupt.com/misc/flmb615-07275-400.pdf  

                    About Progressive Plumbing

Progressive Plumbing, Inc., based in Clermont, FL, filed a Chapter
11 petition (Bankr. M.D. Fla. Case No. 15-07275) on August 24,
2015.   Roman V. Hammes, Esq. at Roman V. Hammes, P.L. and Michael
A. Nardella, Esq. at Nardela & Nardella, PLLC, serve as bankruptcy
counsel.


PYKKONEN CAPITAL: To Fund Plan with Echo Mountain Sale Proceeds
---------------------------------------------------------------
Pykkonen Capital LLC filed with the U.S. Bankruptcy Court for the
District of Colorado a Plan of Reorganization and accompanying
Disclosure Statement dated Sept. 16, 2016, embodying the sale of
the Echo Mountain Resort to SkiEcho, LLC, for $3.77 million.

Under the Plan, the allowed secured claim held by Yuki Group will
be satisfied by the proceeds of the Echo Mountain sale.

Moreover, allowed claims held by unsecured creditors (Class 3) will
receive a pro rata distribution of the remaining net proceeds from
the Sale, cash on hand, and any Avoidance Action proceeds.

Nora Pykkonen and her immediate family will voluntarily waive
receipt of payment on their claim until the other Class 3 creditors
have been paid their Allowed Claims in full.

A full-text copy of the Disclosure Statement dated Sept. 16, 2016,
is available at http://bankrupt.com/misc/cob16-10897-164.pdf

The Debtor is represented by:

          KUTNER BRINEN, P.C.
          Lee M. Kutner
          Keri L. Riley
          1660 Lincoln Street, Suite 1850
          Denver, CO 80264
          Tel No: (303)832-2400
          Fax No: (303)832-1510
          E-mail: lmk@kutnerlaw.com

                   About Pykkonen Capital

Pykkonen Capital, LLC, is the owner of a ski resort located south
of Idaho Springs, Colorado, known as Echo Mountain Resort.  The
Company is 100% owned by its single member, Nora Pykkonen.

Pykkonen Capital filed for Chapter 11 bankruptcy (Bankr. D. Colo.,
Case No. 16-10897) on Feb. 5, 2016.  The petition was signed by
Nora Pykkonen, manager. The Hon. Joseph G. Rosania Jr. presides
over the case.

Lee M. Kutner, Esq., at Kutner Brinen Garber, P.C, serves as the
Debtor's bankruptcy counsel.

Pykkonen Capital LLC bought the ski area in August 2012 for $1.53
million, according to county records.  In its petition, Pykkonen
Capital estimated $1 million to $10 million in both assets and
liabilities.  


QUEST SOLUTION: May Issue 1.9 Million Shares Under Stock Plan
-------------------------------------------------------------
Quest Solution, Inc., filed with the Securities and Exchange
Commission a Form S-8 registration statement to register 1,900,000
shares of common stock that may be issued under the Company's
Employee Stock Purchase Plan.  A full-text copy of the prospectus
is available for free at https://is.gd/dyF1LX

                       About Quest Solution

Quest Solution (formerly known as Amerigo Energy, Inc.) is a
national mobility systems integrator with a focus on design,
delivery, deployment and support of fully integrated mobile
solutions.  The Company takes a consultative approach by offering
end to end solutions that include hardware, software,
communications and full lifecycle management services.  The highly
tenured team of professionals simplifies the integration process
and delivers proven problem solving solutions backed by numerous
customer references.  Motorola, Intermec, Honeywell, Panasonic,
AirWatch, Wavelink, SOTI and Zebra are major suppliers which Quest
Solution uses in its systems.

Quest Solution reported a net loss of $1.71 million on $63.9
million of total revenues for the year ended Dec. 31, 2015,
compared to net income of $301,649 on $37.3 million of total
revenues for the year ended Dec. 31, 2014.

The Company's auditors RBSM LLP, in Leawood, Kansas, issued a
"going concern" qualification on the consolidated financial
statements for the year ended Dec. 31, 2015, citing that the
Company has a working capital deficiency and significant
subordinated debt resulting from acquisitions.  These factors raise
substantial doubt about the Company's ability to continue as a
going concern.


REAM PROPERTIES: Unsecureds To Get $15K Over Five Years
-------------------------------------------------------
Ream Properties, LLC, filed with the U.S. Bankruptcy Court for the
Middle District of Pennsylvania a disclosure statement regarding
the Debtor's plan of reorganization dated Sept. 2, 2016, and asked
the Court to schedule the hearing to consider approval of the
disclosure statement for Oct. 18, 2016, at 9:30 a.m.

Under the Plan, allowed Class 3 Unsecured Claims -- estimated at
$121,101 -- are impaired and will be paid $15,000 over five years
in equal monthly installments.

As part of Debtor's Plan, all judgment holders would have their
respective judgments voided and the judgment amount would be part
of the general unsecured class.  Specifically, the claim of Thomas
and Theresa Hamilton will be offset by any judgment obtained by the
Debtor against the Hamiltons, if any, due to pending litigation
between the parties.  Payments will be disbursed quarterly by
counsel for the Debtor.  The Class 3 Claims are impaired under the
Plan and entitled to vote.

The funds needed to effectuate the payments proposed under the Plan
will be generated from rental income from the operations of the
Debtor.

Objections to the Disclosure Statement must be filed by Oct. 7,
2016.  

The Disclosure Statement is available at:

          http://bankrupt.com/misc/pamb15-02980-120.pdf

The Plan was filed by the Debtor's counsel:

     Craig A. Diehl, Esq.
     Law Offices of Craig A. Diehl
     3464 Trindle Road
     Camp Hill, PA 17011
     Tel: (717) 763-7613

                        About Ream Properties

Ream Properties, LLC, was formed in 2008 for the purpose of
rehabbing and renting affordable properties in the greater
Harrisburg area resulting in the restoration of properties to the
tax and utility roles.

The Debtor sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. M.D. Pa. Case No. 15-02980) on July 15, 2015, listing
under $1 million in assets and liabilities.


REGIS GALERIE: Seeks Authorization to Use Cash Collateral
---------------------------------------------------------
Regis Galerie, Inc., asks the U.S. Bankruptcy Court for the
District of Nevada for authorization to use the cash collateral in
which Wells Fargo Bank, N.A. and/or American Express Bank, FSB may
hold an interest.

The Debtor tells the Court that it requires the use of Cash
Collateral to pay for the costs of operating its business, and the
costs of administration of the Debtor’s chapter 11 case,
including Debtor’s attorneys’ fees and U.S. Trustee’s fees.
The Debtor further tells the Court that it also wants to use Cash
Collateral to pay for pre-petition health insurance premiums and
commissions due employees.

As adequate protection to Wells Fargo and American Express'
interests, the Debtor proposes to provide:

     (a) Replacement Liens in the assets acquired by the Debtor
post-petition, which will be of the same extent and have the same
validity and priority as the pre-petition liens of Wells Fargo and
American Express.

     (b) Equity Cushion. The Debtor believes that, as of the
Petition Date, the value of its inventory was not less than $6.5
million; while the amount owed by the Debtor to Wells Fargo which
may be secured, was approximately $1.73 million and the amount owed
by the Debtor to Wells Fargo which may be secured, was
approximately $492,000.

The Debtor submitted a proposed Budget, which provides for total
disbursements of $572,975.43, for the period beginning on Sept. 6,
2016 and ending on Oct. 9, 2016.  The Debtor intends to submit
supplemental Budgets for periods beyond October 9, 2016 at later
dates.

A full-text copy of the Debtor's Motion, dated September 13, 2016,
is available at https://is.gd/gFYwhB

A full-text copy of the Debtor's Budget, dated September 13, 2016,
is available at https://is.gd/cXQrrm


                        About Regis Galerie

Regis Galerie, Inc. filed a chapter 11 petition (Bankr. D. Nev.
Case No. 16-14899) on Sept. 5, 2016.  The petition was signed by
Samuel Dweck, president.  The Debtor is represented by Bryan V.
Viellion, Esq., at Marquis Aurbach Coffing and Michael L. Gesas,
Esq., at Arnstein & Lehr LLP.  The case is assigned to Judge Laurel
E. Davis.  The Debtor estimated assets and liabilities at $1
million to $10 million at the time of the filing.


RESOLUTE ENERGY: Moody's Hikes Corporate Family Rating to Caa2
--------------------------------------------------------------
Moody's Investors Service, upgraded Resolute Energy Corporation's
(Resolute's) Corporate Family Rating (CFR) to Caa2 from Caa3, the
Probability of Default Rating to Caa2-PD from Caa3-PD and its
senior unsecured notes rating to Caa3 from Ca. The Speculative
Grade Liquidity rating was affirmed at SGL-3. The rating outlook
was changed to positive from stable.

"The upgrade to Caa2 reflects Resolute's improved production and
drilling economics, which provide good visibility to continued
growth in a mid $40s oil price environment without increasing debt.
While leverage remains high, we expect moderation in the company's
reserve- and production-based debt metrics from significant
production growth at very competitive drillbit costs," noted John
Thieroff, Moody's VP-Senior Analyst.

Upgrades:

   Issuer: Resolute Energy Corporation

   -- Probability of Default Rating, Upgraded to Caa2-PD from
      Caa3-PD

   -- Corporate Family Rating, Upgraded to Caa2 from Caa3

   -- Senior Unsecured Regular Bond/Debenture, Upgraded to Caa3
      from Ca

Affirmations:

   -- Speculative Grade Liquidity Rating, Affirmed SGL-3

Outlook Actions:

   Issuer: Resolute Energy Corporation

   -- Outlook, Changed To Positive From Stable

RATINGS RATIONALE

The Caa2 CFR reflects Resolute's limited scale, its concentrated
reserve base, high leverage and Moody's expectation for weakened
cash flow when hedging volumes diminish substantially in 2017,
offset in part by higher volumes. The rating benefits from the
company's attractive position in the Permian Basin where, following
a series of asset divestitures and husbanding of liquidity in 2015
and 2016, Resolute has been able to restart its drilling program
with considerable success. Adequate liquidity and competitive well
economics should allow the company to continue growing production
at Moody's assumed oil prices through 2018. The rating also derives
modest benefit from the stable production and low capital
reinvestment required in Resolute's Aneth CO2 flood, despite its
high operating costs.

Resolute's SGL-3 Speculative Grade Liquidity Rating reflects
adequate liquidity into late 2017. Cash from operations, including
earn-out payments from the company's August 2016 sale of midstream
assets and modest borrowings under the company's credit facility,
is expected to cover what is likely to be a more robust 2017
drilling program. At August 31, 2016, Resolute had full
availability under the $105 million borrowing base on its revolving
credit facility. Under the terms of the revolver, the company is
subject to financial covenants, including: secured debt to EBITDA
of no more than 3.5x; PV10 of proved reserves to secured debt of at
least 1.5x, and; PV10 of proved developed producing reserves to
secured debt of at least 1.0x. Resolute is expected to be able to
maintain compliance with its covenants, with coverage improving
into 2017. The credit facility matures in March 2018.

In accordance with Moody's Loss Given Default (LGD) methodology,
Resolute's senior unsecured notes are rated Caa3, one notch below
the Caa2 CFR because of the priority ranking of the company's
secured revolver and second-lien term loan.

The positive outlook reflects the prospect for improving leverage.
Specifically, if production is approaching 20,000 boe/d while
retained cash flow (RCF) to debt appears sustainable at 15% and
liquidity remains adequate, the rating could be upgraded. The
rating could be downgraded if EBITDA to interest coverage falls
below 1.5 times or liquidity becomes weak.

Resolute Energy Corporation, is a publicly-traded oil and gas
exploration and production company headquartered in Denver,
Colorado. The company's operations are focused in the Permian Basin
and in the Aneth Field located in the Paradox Basin in southeastern
Utah.

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


RESPONSE BIOMEDICAL: Gets Shareholder OK of Going-Private Deal
--------------------------------------------------------------
Response Biomedical Corp. disclosed that the acquisition of all the
issued and outstanding common shares of Response by 1077801 B.C.
Ltd., a company beneficially owned by OrbiMed Asia Partners, L.P.,
OrbiMed Private Investments III, LP, OrbiMed Associates III, LP,
OrbiMed Advisors LLC, OrbiMed Advisors Limited, Samuel D. Isaly,
and Shanghai Runda Medical Technology Co., Ltd. by way of a plan of
arrangement has been approved by the holders of Response Shares.
At the special meeting of Response shareholders held on Sept. 16,
2016, a special resolution approving the Arrangement was approved
by 99.98% of the votes cast at the Meeting in person or by proxy by
holders of Response Shares and approved by 99.88% of the votes cast
at the Meeting in person or by proxy by holders of Response Shares,
excluding the votes cast in respect of Response Shares held by
interested parties required to be excluded pursuant to applicable
securities law. Further, at the Meeting, a non-binding, advisory
vote held regarding the compensation of the named executive
officers, that will or may be payable in connection with the
Arrangement, was approved by 99.69% of the votes cast at the
Meeting in person or by proxy by holders of Response Shares.

On closing of the Arrangement, Response shareholders will receive,
subject to the terms and conditions of the Arrangement, $1.12 per
Response Share (except in the case of certain shareholders who have
agreed to roll over their Response Shares and will instead receive
shares of 1077801 B.C. Ltd.).

The Arrangement is subject to final approval by the Toronto Stock
Exchange and the Supreme Court of British Columbia.  The Court
hearing for the final order to approve the Arrangement is scheduled
to take place on Sept. 19, 2016.  The completion of the Arrangement
is subject to the receipt of approvals in the People's Republic of
China from the National Development and Reform Commission, the
Ministry of Commerce and the State Administration of Foreign
Exchange and is expected to occur in the fourth quarter of this
year.

Also at the special meeting, the shareholders approved, on a
non-binding advisory basis, the compensation arrangements of the
Company's named executive officers in connection with the
completion of the Arrangement.

                   About Response Biomedical
  
Based in Vancouver, Canada, Response Biomedical Corporation
develops, manufactures and sells diagnostic tests for use with its
proprietary RAMP(R) System, a portable fluorescence immunoassay-
based diagnostic testing platform.  The RAMP(R) technology
utilizes a unique method to account for sources of error inherent
in conventional lateral flow immunoassay technologies, thereby
providing the ability to quickly and accurately detect and
quantify an analyte present in a liquid sample.  Consequently, an
end-user on-site or in a point-of-care setting can rapidly obtain
important diagnostic information.  Response Biomedical currently
has thirteen tests available for clinical and environmental
testing applications and the Company has plans to commercialize
additional tests.

Response Biomedical reported a net loss of C$150,000 on C$15.4
million of total revenue for the year ended Dec. 31, 2015, compared
to a net loss of C$2.09 million on C$11.01 million of total revenue
for the year ended Dec. 31, 2014.

As of Dec. 31, 2015, Response had C$11.8 million in total assets,
C$12.5 million in total liabilities, and a total shareholders'
deficit of C$711,000.

PricewaterhouseCoopers LLP, in Vancouver, Canada, issued a "going
concern" qualification on the consolidated financial statements for
the year ended Dec. 31, 2015, citing that the company has incurred
recurring losses from operations and has an accumulated deficit at
Dec. 31, 2015, that raises substantial doubt about its ability to
continue as a going concern.


RESPONSE BIOMEDICAL: Receives Court OK of Going-Private Deal
------------------------------------------------------------
Response Biomedical Corp. announced that the Supreme Court of
British Columbia has approved the acquisition of all the issued and
outstanding common shares of Response by 1077801 B.C. Ltd., by way
of a plan of arrangement.  The completion of the Arrangement is
subject to the receipt of approvals in the People's Republic of
China from the National Development and Reform Commission, the
Ministry of Commerce and the State Administration of Foreign
Exchange and is expected to occur in the fourth quarter of this
year.  The Toronto Stock Exchange has conditionally approved the
transaction, subject only to the Company's compliance with
customary conditions at closing.

                   About Response Biomedical
  
Based in Vancouver, Canada, Response Biomedical Corporation
develops, manufactures and sells diagnostic tests for use with its
proprietary RAMP(R) System, a portable fluorescence immunoassay-
based diagnostic testing platform.  The RAMP(R) technology
utilizes a unique method to account for sources of error inherent
in conventional lateral flow immunoassay technologies, thereby
providing the ability to quickly and accurately detect and
quantify an analyte present in a liquid sample.  Consequently, an
end-user on-site or in a point-of-care setting can rapidly obtain
important diagnostic information.  Response Biomedical currently
has thirteen tests available for clinical and environmental
testing applications and the Company has plans to commercialize
additional tests.

Response Biomedical reported a net loss of C$150,000 on C$15.4
million of total revenue for the year ended Dec. 31, 2015, compared
to a net loss of C$2.09 million on C$11.01 million of total revenue
for the year ended Dec. 31, 2014.

As of Dec. 31, 2015, Response had C$11.8 million in total assets,
C$12.5 million in total liabilities, and a total shareholders'
deficit of C$711,000.

PricewaterhouseCoopers LLP, in Vancouver, Canada, issued a "going
concern" qualification on the consolidated financial statements for
the year ended Dec. 31, 2015, citing that the company has incurred
recurring losses from operations and has an accumulated deficit at
Dec. 31, 2015, that raises substantial doubt about its ability to
continue as a going concern.


RESTORATION HOUSE: Wants to Sell "Purchase Option" to Fund Plan
---------------------------------------------------------------
Restoration House Empowerment Ministries International, Inc., filed
with the U.S. Bankruptcy Court for the Southern District of Florida
a Disclosure Statement and Plan of Reorganization dated Sept. 16,
2016.

The Disclosure Statement reveals that if the Debtor is successful
in selling its interest in an "Option to Purchase", Class III
General Unsecured Claimants will receive a distribution of 100% of
their allowed claims, to be paid from the closing of the
transaction.  However, if the Debtor is unsuccessful in obtaining a
purchaser for the Option, Class III unsecured creditors will
receive a distribution of 14.3% of their allowed claims, to be
distributed over a 120-month period at $150 a month.

The "Option to Purchase" refers to an option to purchase clause
contained in the Debtor's 2014 commercial lease agreement with
Bethesda for the Boynton Beach Location for the Debtor's church.

A full-text copy of the Amended Disclosure Statement dated Sept.
16, 2016 is available at:

         http://bankrupt.com/misc/flsb16-14093-61.pdf

Restoration House Empowerment Ministries International Inc. sought
protection under Chapter 11 of the Bankruptcy Code (Bankr. S.D.
Fla. Case No. 16-14093) on March 23, 2016.  The Debtor is a not for
profit corporation, which operates a church in Palm Beach County,
Florida.  The Debtor is represented by Brett A. Elam, Esq., at
Farber + Elam, LLC.


ROBERT HIGHSMITH: Plan Outline Okayed; Conf Hearing Set for Nov. 1
------------------------------------------------------------------
Robert and Lynn Highsmith obtained approval from the Arizona
Bankruptcy Court of their amended disclosure statement on Sept. 16,
2016, paving the way for the Debtors' plan to be considered for
confirmation.

Judge George B. Nielsen of the Arizona Bankruptcy Court has set
Nov. 1, 2016 at 10:30 a.m. to be the hearing date for consideration
of the Plan.

The last day for filing of written acceptance or rejections of the
plan with the Court is Oct. 25, 2016.

Copies of ballots should be mailed to the proponent of the Plan in
care of:

      Allan D. NewDelman, P.C.
      80 East Columbus Avenue
      Phoenix, Arizona 85012

As previously reported by The Troubled Company Reporter, the
Debtors' disclosure statement dated July 15, 2016 describing the
Plan, proposes to set aside $82,736 to pay general unsecured claims
on a pro rata basis.  A copy of the July 15 Disclosure Statement is
available for free at:

  http://bankrupt.com/misc/RobertHighsmith_AmendedDS07152016.pdf

                About Robert and Lynn Highsmith

Robert Highsmith and Lynn B. Highsmith sought protection under
Chapter 11 of the Bankruptcy Code (Bankr. D. Ariz. Case No.
12-05374) on March 16, 2012.  The Debtor is represented by Allan D.
NewDelman, Esq., at Allan D. NewDelman, P.C.


ROLLSTON BANKS: Disclosures Okayed, Plan Hearing on Nov. 2
----------------------------------------------------------
Rollston Banks LLC is now a step closer to emerging from Chapter 11
protection after a bankruptcy judge approved the outline of its
plan of reorganization.

Judge Craig Gargotta of the U.S. Bankruptcy Court for the Western
District of Texas gave the thumbs-up to the disclosure statement
after finding that it contains "adequate information."

The order set an October 24 deadline for creditors to cast their
votes and file their objections to the plan.

A court hearing to consider confirmation of the plan is scheduled
for November 2, at 9:00 a.m..  The hearing will take place at
Courtroom No. 3, 5th Floor, 615 East Houston Street, San Antonio,
Texas.

                       About Rollston Banks

Rollston Banks, LLC, filed for Chapter 11 bankruptcy protection
(Bankr. W.D. Tex. Case No. 15-51617) on July 6, 2015.  Dean William
Greer, Esq., serves as the Debtor's bankruptcy counsel.  The case
is assigned to Judge Craig A. Gargotta.


ROMAD REALTY: Seeks Jan. 20 Exclusive Plan Filing Period Ext.
-------------------------------------------------------------
Romad Realty, Inc. asks the U.S. Bankruptcy Court for the Southern
District of New York to extend its exclusive periods to file a plan
of reorganization and solicit acceptances to the plan through
January 20, 2017 and March 22, 2017, respectively.

Absent an extension, the Debtor's exclusive period for filing a
plan would have expired on September 22, 2016.  The Debtor's
exclusive period to solicit acceptances to its plan is set to
expire on November 22, 2016.

The Debtor tells the Court that it should be granted the requested
extensions so that it will have sufficient time to formulate and
then confirm its plan.  

The Debtor believes that it is nearing the end of its
reorganization.  The Debtor relates that it is currently in
negotiations with a third-party to whom the Debtor will potentially
sell its property, which consists of an apartment building located
at 2201 Davidson Avenue, Bronx, New York, which is made up of 48
residential units.

The Debtor contends that while the potential purchaser and the
Debtor are negotiating the ultimate purchase price, the potential
purchaser has been in discussions with the City of New York and its
agencies as it relates to the Property.  The Debtor further
contends that discussions with respect to the Property are going
forward on a dual track with the Debtor and purchaser discussing
the sale price while the purchaser and New York City are in
discussions with how to remediate the Property.  The Debtor tells
the Court that when these two distinct negotiations are finalized,
the Debtor will submit a plan of reorganization for solicitation
and confirmation.

                 About Romad Realty, Inc.

Romad Realty Inc. filed a chapter 11 petition (Bankr. S.D.N.Y. Case
No. 15-12644) on September 28, 2016.  The petition was signed by
David Goldwasser, president.  The Debtor is represented by Arnold
Mitchell Greene, Esq., at Robinson Brog Leinwand Greene Genovese &
Gluck, P.C.  The Debtor estimated assets and liabilities at $1
million to $10 million at the time of the filing.



ROYCE MCBRIDE: Disclosures OK'd; Plan Hearing On Oct. 13
--------------------------------------------------------
The Hon. Nicholas W. Whittenburg of the U.S. Bankruptcy Court for
the Eastern District of Tennessee has approved Royce D. McBride's
disclosure statement describing the Debtor's plan of
reorganization.

Oct. 13, 2016, at 10:30 a.m. is fixed for the hearing on
confirmation of the Plan.  Oct. 7, 2016, is fixed as the last day
for filing objections to confirmation of the Plan.

Oct. 7, 2016, is fixed as the last day for submitting ballots
accepting or rejecting the Plan.  No later than Oct. 11, 2016, the
counsel for the Debtor will file a summary of the ballots timely
received, with copies of the ballots attached to the summary.

                        About Royce Mcbride

Royce D. Mcbride, a dentist in Cleveland, Tennessee, sought
protection under Chapter 11 of the Bankruptcy Code (Bankr. E. D.
Tenn. Case No. 15-14081), and is represented by David J. Fulton,
Esq., at Scarborough & Fulton, in Chattanooga, Tennessee.


RP CROWN: Changes to Financing Won't Affect Moody's B2 CFR
----------------------------------------------------------
Moody's Investors Services said that RP Crown Parent, LLC's
planned changes to its financing do not affect its B2 Corporate
Family Rating, the B1 rating for its new senior secured credit
facilities, the Caa1 rating for the new senior unsecured notes, or
the stable outlook.


SAMSON RESOURCES: 2nd Amended Plan Has Support of 39% Lien Lenders
------------------------------------------------------------------
Samson Resources Corporation, et al., filed with the U.S.
Bankruptcy Court for the District of Delaware a disclosure
statement for the second amended joint Chapter 11 plan of
reorganization, which is supported by certain second lien lenders
holding approximately 39 percent of second lien secured claims.

On the Effective Date, or as soon thereafter as reasonably
practicable, each holder of an allowed Class 5 General Unsecured
Claims will receive its pro rata distribution of the beneficial
interests in the settlement trust and the settlement trust recovery
proceeds on account of interests in accordance with the Settlement
Trust Waterfall.  The Debtors estimate that General Unsecured
Claims total approximately $3.5 billion.

Under the Plan:

     -- the Debtors' first lien lenders will receive a full
        recovery, distributed in cash (including proceeds from     
   
        asset sales) and new secured debt;

     -- the Debtors' second lien lenders will receive
        substantially all of the equity in the Reorganized
        Debtors; and

     -- a liquidating trust will be established to monetize
        certain unencumbered assets to satisfy or reimburse
        obligations under the Plan and provide for an ultimate
        distribution to unsecured creditors to the extent of
        available proceeds.

In connection with the Plan, the Debtors are pursuing a series of
asset sales that will monetize a portion of the Debtors'
businesses.  Starting in February 2016, the Debtors' advisors began
marketing the Debtors' assets.

On the Effective Date, the Reorganized Debtors will issue new
common stock.  The issuance of the New Common Stock, including
options, or other equity awards, if any, reserved under the
management incentive plan, will be authorized without the need for
any further corporate action and without any further action by the
holders of claims or interests; provided that the Management
Incentive Plan will be determined by the Reorganized Parent's board
of directors following the Effective Date.

All of the shares of New Common Stock issued pursuant to the Plan
will be duly authorized, validly issues, fully paid, and
non-assessable.  Each distribution and issuance of the New Common
Stock under the Plan will be governed by the terms and conditions
set forth in the Plan applicable to the distribution or issuance
and by the terms and conditions of the instruments evidencing or
relating to the distribution or issuance, which terms and
conditions will bind each entity receiving the distribution or
issuance.

The Amended Disclosure Statement is available at:

           http://bankrupt.com/misc/deb15-11934-1317.pdf

The Amended Plan was filed by the Debtors' counsel:

     Paul M. Basta, P.C.
     Edward O. Sassower, P.C.
     Joshua A. Sussberg, P.C.
     KIRKLAND & ELLIS LLP
     KIRKLAND & ELLIS INTERNATIONAL LLP
     601 Lexington Avenue
     New York, New York 10022
     Tel: (212) 446-4800
     Fax: (212) 446-4900
     E-mail: paul.basta@kirkland.com
             edward.sassower@kirkland.com
             joshua.sussberg@kirkland.com

          -- and --

     James H.M. Sprayregen, P.C.
     Ross M. Kwasteniet, Esq.
     Brad Weiland, Esq.
     KIRKLAND & ELLIS LLP
     KIRKLAND & ELLIS INTERNATIONAL LLP
     300 North LaSalle
     Chicago, Illinois 60654
     Tel: (312) 862-2000
     Fax: (312) 862-2200
     E-mail: james.sprayregen@kirkland.com
             ross.kwasteniet@kirkland.com
             brad.weiland@kirkland.com

          -- and --

     Domenic E. Pacitti, Esq.
     KLEHR HARRISON HARVEY BRANZBURG LLP
     919 N. Market Street
     Suite 1000
     Wilmington, Delaware 19801
     Tel: (302) 426-1189
     Fax: (302) 426-9193
     E-mail: dpacitti@klehr.com

          -- and --

     Morton Branzburg, Esq.
     KLEHR HARRISON HARVEY BRANZBURG LLP
     1835 Market Street
     Suite 1400
     Philadelphia, Pennsylvania 19103
     Tel: (215) 569-2700
     Fax: (215) 568-6603
     E-mail: mbranzburg@klehr.com

                      About Samson Resources

Samson Resources Corporation, et al., filed Chapter 11 bankruptcy
petitions (D. Del. Lead Case No. 15-11934) on Sept. 16, 2015.
Philip W. Cook, the executive vice president and CFO, signed the
petition.  The Debtors estimated assets and liabilities of more
than $1 billion.

Samson is an onshore oil and gas exploration and production company
with interests in various oil and gas leases primarily
located in Colorado, Louisiana, North Dakota, Oklahoma, Texas, and
Wyoming.  The Operating Companies operate, or have royalty or
working interests in, approximately 8,700 oil and gas production
sites.

Samson was acquired by KKR and Crestview from Charles Schusterman
in December 2011 for approximately $7.2 billion.  The investor
group provided approximately $4.1 billion in equity investments as
part of the purchase price.

Kirkland & Ellis LLP represents the Debtors as general counsel.
Klehr Harrison Harvey Branzburg LLP is the Debtors' local counsel.

Alvarez & Marsal LLC acts as the Debtors' financial advisor.
Blackstone Advisory Partners L.P. serves as the Debtors'
Investment banker.  Garden City Group, LLC, serves as claims and
noticing agent to the Debtors.

Andrew Vara, acting U.S. trustee for Region 3, appointed three
creditors of Samson Resources Corp. and its affiliated debtors to
serve on the official committee of unsecured creditors.  The
Committee has tapped White & Case LLP as counsel and Farnan LLP as
local counsel.

                          *     *     *

The Debtors, on May 16, 2016, filed a new debt-for-equity Chapter
11 Plan, a copy of whose Disclosure Statement is available at
http://bankrupt.com/misc/SAMSONds0517.pdf

The Plan contemplates an exchange of First Lien Claims for new
first lien debt (including commitments under a new reserve-based
revolving credit facility), Cash (including proceeds from Asset
Sales, if any), and new common equity.

In a subsequent filing, the Creditors Committee submitted a motion
in court seeking the termination of the Debtors' exclusivity
periods to file, and solicit acceptances for that, a Chapter 11
plan.  As reported in the May 26, 2016 edition of The Troubled
Company Reporter, the Committee claimed that "the Debtors' Amended
Plan on file represents a no win choice for unsecured creditors:
vote for the plan and get less than one would in a Chapter 7
liquidation; fight the plan and either get nothing or end up six
months down the road with no plan and administrative expenses
running out of control."


SAMSON RESOURCES: Court Approves Bid to Sell Aircraft for $2.7MM
----------------------------------------------------------------
BankruptcyData.com reported that the U.S. Bankruptcy Court issued
an order approving Samson Resources' sale of property and motion
for an order authorizing the Debtors to sell aircraft free and
clear of all liens, claims and encumbrances. As previously
reported, "The Debtors engaged JBA Aviation as a broker and after
conducting significant negotiations with several potential buyers,
agreed to sell the Aircraft to the Initial Buyer. Since the Initial
Buyer's decision not to consummate its purchase, the Debtors have
engaged in negotiations with other potential buyers. The Debtors
have now agreed, subject to Court approval, to sell the Aircraft to
the Buyer for a purchase price of $2,750,000.  The Debtors will owe
the Broker 2% of the gross sales price, or approximately $55,000,
in exchange for its services, plus reimbursement of certain
expenses in the amount of approximately $5,000 . . . .  The
Debtors' estates will be relieved of on-going liabilities
associated with owning the Aircraft, including lease payments for
the hangar in which the Aircraft is stored, insurance premiums,
salary and benefits of the staffed pilot and contracted co-pilots,
maintenance fees, and licensing obligations.  Moreover, the
Debtors' estates will receive a direct cash influx from the Buyer
by consummating the sale, which the Debtors have agreed to
segregate on account of the Aircraft being unencumbered."

                      About Samson Resources

Samson Resources Corporation, et al., filed Chapter 11 bankruptcy
petitions (D. Del. Lead Case No. 15-11934) on Sept. 16, 2015.
Philip W. Cook, the executive vice president and CFO, signed the
petition.  The Debtors estimated assets and liabilities of more
than $1 billion.

Samson is an onshore oil and gas exploration and production company
with interests in various oil and gas leases primarily
located in Colorado, Louisiana, North Dakota, Oklahoma, Texas, and
Wyoming.  The Operating Companies operate, or have royalty or
working interests in, approximately 8,700 oil and gas production
sites.

Samson was acquired by KKR and Crestview from Charles Schusterman
in December 2011 for approximately $7.2 billion.  The investor
group provided approximately $4.1 billion in equity investments as
part of the purchase price.

Kirkland & Ellis LLP represents the Debtors as general counsel.
Klehr Harrison Harvey Branzburg LLP is the Debtors' local counsel.

Alvarez & Marsal LLC acts as the Debtors' financial advisor.
Blackstone Advisory Partners L.P. serves as the Debtors'
Investment banker.  Garden City Group, LLC, serves as claims and
noticing agent to the Debtors.

Andrew Vara, acting U.S. trustee for Region 3, appointed three
creditors of Samson Resources Corp. and its affiliated debtors to
serve on the official committee of unsecured creditors.  The
Committee has tapped White & Case LLP as counsel and Farnan LLP as
local counsel.

                          *     *     *

The Debtors, on May 16, 2016, filed a new debt-for-equity Chapter
11 Plan, a copy of whose Disclosure Statement is available at
http://bankrupt.com/misc/SAMSONds0517.pdf

The Plan contemplates an exchange of First Lien Claims for new
first lien debt (including commitments under a new reserve-based
revolving credit facility), Cash (including proceeds from Asset
Sales, if any), and new common equity.

In a subsequent filing, the Creditors Committee submitted a motion
in court seeking the termination of the Debtors' exclusivity
periods to file, and solicit acceptances for that, a Chapter 11
plan.  As reported in the May 26, 2016 edition of The Troubled
Company Reporter, the Committee claimed that "the Debtors' Amended
Plan on file represents a no win choice for unsecured creditors:
vote for the plan and get less than one would in a Chapter 7
liquidation; fight the plan and either get nothing or end up six
months down the road with no plan and administrative expenses
running out of control."


SAMSON RESOURCES: U.S. Trustee Objects to Break-Up Fee Provision
----------------------------------------------------------------
BankruptcyData.com reported that the U.S. Trustee assigned to the
Samson Resources' case filed with the U.S. Bankruptcy Court an
objection to Debtors' motion for entry of an order (i) establishing
bidding procedures and granting related relief and (ii) approving
the sale of certain assets free and clear of liens, claims,
encumbrances and interests. The objection asserts, "The U.S.
Trustee objects to the approval of the (1) Break-Up Fee to the
extent that it becomes payable prior to the consummation of an
alternative transaction; and (2) Expense Reimbursement Fee to the
extent that there are no procedures for the review of the expense
reimbursement amounts.  No breakup fee or expense reimbursement
should be awarded, if at all, until after a sale has been
consummated, all interested parties are given notice and an
opportunity to be heard, and the Court has determined that the fee
was an actual and necessary cost and expense of preserving the
estate.  In accordance with O'Brien, since the Break-Up Fee and the
Expense Reimbursement become payable prior to the consummation of
an alternative transaction and without any process for review, they
should be denied."

                      About Samson Resources

Samson Resources Corporation, et al., filed Chapter 11 bankruptcy
petitions (D. Del. Lead Case No. 15-11934) on Sept. 16, 2015.
Philip W. Cook, the executive vice president and CFO, signed the
petition.  The Debtors estimated assets and liabilities of more
than $1 billion.

Samson is an onshore oil and gas exploration and production company
with interests in various oil and gas leases primarily
located in Colorado, Louisiana, North Dakota, Oklahoma, Texas, and
Wyoming.  The Operating Companies operate, or have royalty or
working interests in, approximately 8,700 oil and gas production
sites.

Samson was acquired by KKR and Crestview from Charles Schusterman
in December 2011 for approximately $7.2 billion.  The investor
group provided approximately $4.1 billion in equity investments as
part of the purchase price.

Kirkland & Ellis LLP represents the Debtors as general counsel.
Klehr Harrison Harvey Branzburg LLP is the Debtors' local counsel.

Alvarez & Marsal LLC acts as the Debtors' financial advisor.
Blackstone Advisory Partners L.P. serves as the Debtors'
Investment banker.  Garden City Group, LLC, serves as claims and
noticing agent to the Debtors.

Andrew Vara, acting U.S. trustee for Region 3, appointed three
creditors of Samson Resources Corp. and its affiliated debtors to
serve on the official committee of unsecured creditors.  The
Committee has tapped White & Case LLP as counsel and Farnan LLP as
local counsel.

                          *     *     *

The Debtors, on May 16, 2016, filed a new debt-for-equity Chapter
11 Plan, a copy of whose Disclosure Statement is available at
http://bankrupt.com/misc/SAMSONds0517.pdf

The Plan contemplates an exchange of First Lien Claims for new
first lien debt (including commitments under a new reserve-based
revolving credit facility), Cash (including proceeds from Asset
Sales, if any), and new common equity.

In a subsequent filing, the Creditors Committee submitted a motion
in court seeking the termination of the Debtors' exclusivity
periods to file, and solicit acceptances for that, a Chapter 11
plan.  As reported in the May 26, 2016 edition of The Troubled
Company Reporter, the Committee claimed that "the Debtors' Amended
Plan on file represents a no win choice for unsecured creditors:
vote for the plan and get less than one would in a Chapter 7
liquidation; fight the plan and either get nothing or end up six
months down the road with no plan and administrative expenses
running out of control."


SANDRIDGE ENERGY: Wins Plan Confirmation, October Ch.11 Exit Eyed
-----------------------------------------------------------------
The Bankruptcy Court for the Southern District of Texas on
September 9, 2016, entered an order confirming the Joint Chapter 11
Plan of Reorganization of SandRidge Energy, Inc. and its Debtor
Affiliates, as modified by the Confirmation Order.

SandRidge Energy said the Plan received overwhelming support from
its stakeholders and its confirmation enables the Company to target
emergence from Chapter 11 within the next 30 days, eliminating $3.7
billion in pre-petition funded indebtedness.

The Debtors expect that the effective date of the Plan will occur
as soon as all conditions precedent to the Plan have been
satisfied.  Although the Debtors are targeting occurrence of the
Effective Date within the next 30 days, the Debtors can make no
assurances as to when, or ultimately if, the Plan will become
effective. It is also possible that technical amendments could be
made to the Plan.

The Plan contemplates the following treatment of claims against and
interests in the Debtors:

          * Holders of claims under the Debtors' existing first
lien credit facility will receive their proportionate share of a
new $425 million first lien reserve-based revolving credit facility
and $35 million in cash.

          * Holders of claims under the Debtors' existing second
lien notes will receive their proportionate share of a new
mandatorily convertible note and new common stock, equal to 83.5%
of the total new common stock after conversion of the mandatorily
convertible note, subject to dilution from various sources.

          * Holders of general unsecured claims against the Debtors
will receive their proportionate share of $10 million in cash, $27
million in cash proceeds of a new $35 million mortgage note issued
on certain real property, warrants to purchase new common stock,
and new common stock representing 16.5% of the total new common
stock after conversion of the mandatorily convertible note, subject
to dilution from various sources.

          * Holders of certain trade claims against the Debtors
were provided the option to elect to receive 12.5% of their allowed
claim in cash in place of the treatment otherwise received by
general unsecured claims.

          * Holders of Company preferred and common stock will
receive no recovery on account of their equity interests.

Unless otherwise specified, the treatment set forth in the Plan and
Confirmation Order will be in full satisfaction of all claims
against and interests in the Debtors, which will be discharged on
the Effective Date. All of the Company's existing funded debt and
preferred and common stock will be extinguished by the Plan.
Additional information regarding the classification and treatment
of claims and interests can be found in Articles II and III of the
Plan.

                        Capital Structure

Pursuant to the Plan, each share of the Company's common stock
outstanding immediately before the Effective Date (including all
options and warrants to purchase such stock) will be cancelled and
of no further force or effect after the Effective Date. As of
August 31, 2016, there were 720,968,771 shares of the Company's
common stock outstanding. Under the Plan, the Debtors' new
organizational documents will become effective on the Effective
Date. The Company's new organizational documents will authorize the
Company to issue shares of new common stock, certain of which will
be issued to holders of allowed claims pursuant to the Plan on the
Effective Date. In addition, on the Effective Date, the Company
will enter into a registration rights agreement with certain
shareholders.

             Post-Emergence Governance and Management

On the Effective Date, the term of any current members of the board
of directors of the Company will expire, and a new board of
directors of the Company will take office. The Company's New Board
will initially consist of James D. Bennett, who is an existing
director of the Company, together with Michael L. Bennett, John V.
Genova, William M. Griffin and David J. Kornder.

                          Incentive Plan

On or after the Effective Date, the New Board is expected to adopt
an equity incentive plan, the material terms of which will provide
for equity or equity linked instruments providing for an aggregate
of up to 10% pro forma ownership percentage of equity securities in
the Company, which is protected from dilution by the warrants and
mandatorily convertible notes to be issued under the Plan, and
other terms and conditions generally consistent with those
prevailing in the market.

              Settlement, Releases and Exculpations

The Plan incorporates an integrated compromise and settlement of
claims to achieve a beneficial and efficient resolution of the
Chapter 11 Cases. Unless otherwise specified, the settlement,
distributions, and other benefits provided under the Plan,
including the releases and exculpation provisions included therein,
are in full satisfaction of all claims and causes of action that
could be asserted.

The Plan provides releases and exculpations for the benefit of the
Debtors, certain of the Debtors' claimholders, other parties in
interest and various parties related thereto, each in their
capacity as such, from various claims and causes of action, as
further set forth in Article VIII of the Plan.

A copy of the

Amended Joint Chapter 11 Plan of Reorganization of SandRidge
Energy, Inc. and its Debtor Affiliates, dated September 2, 2016
(incorporated by reference to Exhibit A of the Confirmation Order
attached as Exhibit 99.1 hereto).

A copy of the Findings of Fact, Conclusions of Law, and Order
Confirming the Amended Joint Chapter 11 Plan of Reorganization of
SandRidge Energy, Inc. and its Debtor Affiliates, as entered by the
Bankruptcy Court on September 9, 2016, is available at
https://is.gd/7o9yLj

                   About SandRidge Energy, Inc.

SandRidge Energy, Inc. (OTC PINK: SDOC) --
http://www.sandridgeenergy.com/-- is an oil and natural gas  
exploration and production company headquartered in Oklahoma City,
Oklahoma, with its principal focus on developing high-return,
growth-oriented projects in the U.S. Mid-Continent and Niobrara
Shale.

SandRidge Energy, Inc. and 24 of its subsidiaries each filed a
voluntary petition under Chapter 11 of the Bankruptcy Code (Bankr.
S.D. Tex. Lead Case No. 16-32488) on May 16, 2016. The petitions
were signed by Julian M. Bott as chief financial officer.

The Debtors have hired Kirkland & Ellis LLP as general bankruptcy
counsel, Zack A. Clement PLLC as local counsel, Houlihan Lokey
Capital, Inc. as financial advisor, Alvarez & Marsal Holdings, LLC
as restructuring advisor and Prime Clerk LLC as claims and
noticing
agent.

The cases are assigned to Judge David R Jones.

The Office of the U.S. Trustee has appointed five creditors of
SandRidge Energy, Inc., to serve on the official committee of
unsecured creditors.  The Official Committee is represented by:

     Charles R. Gibbs, Esq.
     AKIN GUMP STRAUSS HAUER & FELD LLP
     1700 Pacific Avenue, Suite 4100
     Dallas, TX 75201
     214) 969-2800
     Facsimile: (214) 969-4343

          - and -

     Daniel H. Golden, Esq.
     Abid Qureshi, Esq.
     Brad M. Kahn, Esq.
     AKIN GUMP STRAUSS HAUER & FELD LLP
     One Bryant Park
     New York, NY 10036
     Telephone: (212) 872-1000
     Facsimile: (212) 872-1002

An Ad Hoc Committee of Shareholders is represented by:

     Susan C. Mathews, Esq.
     Lori Ann Hood, Esq.
     BAKER, DONELSON, BEARMAN, CALDWELL & BERKOWITZ
     A Professional Corporation
     1301 McKinney St., Suite 3700
     Houston, TX 77010
     Tel: (713) 650-9700
     Fax: (713) 650-9701

          - and -

     Sunil "Neil" Gupta, Esq.
     BAKER, DONELSON, BEARMAN, CALDWELL & BERKOWITZ
     A Professional Corporation
     160 Northridge Dr.
     Daly City, CA 94015
     Tel: (408) 603-4779

Counsel to the First Lien Credit Agreement Agent:

     Andrew V. Tenzer, Esq.
     Leslie A. Plaskon, Esq.
     Michael Comerford, Esq.
     PAUL HASTINGS LLP
     200 Park Avenue
     New York, NY 10166

Counsel to the Ad Hoc Group of Consenting Unsecured Creditors:

     Joseph H. Smolinsky, Esq.
     Daniel N. Griffiths, Esq.
     WEIL GOTSHAL & MANGES LLP
     767 Fifth Avenue
     New York, NY 10153

Counsel to the Ad Hoc Group of Consenting Second Lien Creditors:

     Damian S. Schaible, Esq.
     Eli V. Vonnegut, Esq.
     DAVIS POLK & WARDWELL, LLP
     450 Lexington Avenue
     New York, NY 10017




SCARBOROUGH & HARGETT: Unsecureds To Recoup 8% Under Plan
---------------------------------------------------------
Scarborough & Hargett Funeral Home Inc. filed with the U.S.
Bankruptcy Court for the Middle District of North Carolina a
disclosure statement for the plan of reorganization filed by the
Debtor on Sept. 7, 2016.

It is anticipated that holders of Class V General Unsecured Claims
will total approximately $1,552,183.54.  It is expected that each
class of unsecured claims will receive a promissory note in the
amount of 8% of their allowed unsecured claim.  Payments on the
promissory notes will be monthly, commencing on the 20th day of the
first full month following confirmation of the Plan.  Any unsecured
claims will not be impaired.  This debt will have a balloon payment
in the 60th month.

The Plan contemplates payments to the various classes of creditors
using income derived from the continued operations of the debtor's
operation and business.  The Debtor anticipates that it will have
adequate cash available from the business to make all periodic
payments which are required by the Plan on a timely basis.

The Disclosure Statement is available at:

           http://bankrupt.com/misc/ncmb16-80220-53.pdf

Scarborough & Hargett Funeral Home Inc. is a North Carolina
corporation which was organized in February 1958.  The first
funeral home was started in 1871.  In 1888, Joseph Crooms Hargett
the father-in-law, formed a partnership with John Clarence
Scarborough, Sr., the son-in-law, as Scarborough and Hargett
Undertakers.  The company moved to Durham in 1990 and has been
providing services to African-American families continuously for
the past 142 years.

The Debtor sought protection under Chapter 11 of the Bankruptcy
Code in the U.S. Bankruptcy Court for the Middle District of North
Carolina (Durham) (Bankr. M.D.N.C., Case No. 16-80220) on March 11,
2016.  The petition was signed by J. C. Scarborugh III, president.

The Debtor is represented by Florence A. Bowens, Esq.  The case is
assigned to Judge Catharine R. Aron.

The Debtor estimated assets of $50,000 to $100,000 and debts of $1
million to $10 million.


SEARS HOLDINGS: Said to Close 64 K-Mart Stores by Mid-December
--------------------------------------------------------------
Hayley Peterson, writing for Business Insider, reported that Kmart
is closing 64 stores across 28 states.

According to the report, Sears Holdings, which owns Sears and
Kmart, informed Kmart employees of the closures on Sept. 16,
according to several local news reports and multiple employees who
spoke with Business Insider.  According to the report, the
employees said the stores that are closing will begin liquidation
sales on September 22 and close by mid-December.

Sears did not respond to Business Insider's request for comment.

CBS/AP reported that the liquidation sales are being held as the
company looks for more ways to generate cash, according to a
person, who spoke on condition of anonymity because the decision
isn't yet being disclosed publicly.

Business Insider further reported that Seritage Growth Properties,
a real-estate investment trust that owns 235 Sears and Kmart
stores, disclosed that Sears had decided to terminate leases on 17
stores.  The report said, according to RBC Capital Markets
analysts, all 17 closures are Kmart stores and they will close by
January.

The Business Insider report noted that Sears closed nearly 80
outlets, mostly Kmart stores in July.

The CBS/AP Report noted that, as of Jan. 30, Kmart operated 941
stores, so Sears will have closed 14 percent of its locations under
that banner this year.

CBS/AP noted that Kmart hasn't put out an official list of which
stores will be closed yet.  Business Insider, however, listed the
stories that will close in December, based on information provided
by the employees:

Kmart #3044: Lawton, OK
Kmart #3180: Merrillville, IN
Kmart #3241: Springfield, IL
Kmart #3320: Houma, LA
Kmart #3328: New Lenox, IL
Kmart #3355: Panama City, FL
Kmart #3359: Gardendale, AL
Kmart #3521: Binghamton, NY
Kmart #3556: Elkhart, IN
Kmart #3594: Chicago, IL
Kmart #3644: Nashville, TN
Kmart #3695: Sierra Vista, AZ
Kmart #3706: Wytheville, VA
Kmart #3754: Martinsville, VA
Kmart #3814: Kearney, NE
Kmart #4066: Jackson, MI
Kmart #4095: Joliet, IL
Kmart #4135: Augusta, GA
Kmart #4162: Salt Lake City, UT
Kmart #4175: Canton, OH
Kmart #4176: Cheektowaga, NY
Kmart #4439: Yakima, WA
Kmart #4700: Fenton, MI
Kmart #4717: Oak Ridge, TN
Kmart #4739: Clarksville, TN
Kmart #4772: Burnham, PA
Kmart #4781: Macomb, IL
Kmart #4837: Riverton, WY
Kmart #4845: Manistee, MI
Kmart #4851: Byron Center, MI
Kmart #4910: Mentor, OH
Kmart #4917: Thornton, CO
Kmart #4961: Burlington, NC
Kmart #4970: Memphis, TN
Kmart #4972: Lubbock, TX
Kmart #4984: Tinley Park, IL
Kmart #7024: Scottsbluff, NE
Kmart #7061: New Iberia, LA
Kmart #7077: Harlingen, TX
Kmart #7174: Pikeville, KY
Kmart #7205: Grand Rapids, MI
Kmart #7216: Moorhead, MN
Kmart #7306: Sioux Falls, SD
Kmart #7356: Jonesboro, AR
Kmart #7412: West Valley City, UT
Kmart #7478: Waipahu, HI
Kmart #7551: Indio, CA
Kmart #7560: Craig, CO
Kmart #7587: Fontana, CA
Kmart #7625: Los Angeles, CA
Kmart #7642: Natchez, MS
Kmart #7718: Hixson, TN
Kmart #7733: Alpena, MI
Kmart #7755: Deming, NM
Kmart #7775: Lafayette, IN
Kmart #7795: Abilene, TX
Kmart #9129: Mount Airy, NC
Kmart #9146: Great Barrington, MA
Kmart #9397: West Saint Paul, MN
Kmart #9571: Cullman, AL
Kmart #9586: Sault Saint Marie, MI
Kmart #9623: Springdale, AR
Kmart #9728: Smyrna, TN
Kmart #9751: Cody, WY

Sears' carries Caa1 rating from Moody's Investors Service.

As reported by the Troubled Company Reporter, Moody's Investors
Service said it remains uncertain if Sear's operating strategies
will stem its continued losses and be sufficient for its cash burn
to approach breakeven levels.  While the company maintains a
sizable asset base its debts are significant with approximately
$3.5 billion of funded debt as well as an unfunded pension and
postretirement obligation of  $2.1 billion.  

"The ratings also reflect our view on the uncertainty of the
viability of the Kmart franchise in particular given its meaningful
market share erosion," Moody's said.

"The negative rating outlook reflects our expectations the company
will face challenges in mitigating operating losses and reducing
its high cash burn despite its ability to monetize additional real
estate as needed to maintain liquidity.  The negative outlook
recognizes the company's high cash needs including minimum pension
contributions of approximately $596 million in 2016 and 2017."

Moody's said Sears needs to meaningfully reduce operating losses
while maintaining a good liquidity profile.

Ratings could be downgraded if the unencumbered asset base
continues to erode while operating losses remained significant.
Ratings could also be downgraded if the company's liquidity were to
weaken, or if probability of default were to otherwise increase.  

                      About Sears Holdings,
                     Kmart and Sears Roebuck

Headquartered in Hoffman Estates, IL, Sears Holdings Corporation
through its subsidiaries, including Sears, Roebuck and Co. and
Kmart Corporation, operates 1,592 stores in the US along with
websites including sears.com and kmart.com as of July 30, 2016.

Domestic revenues were $25 billion during fiscal 2015.
Approximately 49% of Sears Holdings' common stock is held by
entities affiliated with Sears Chairman and CEO Mr. Edward S.
Lampert.

Kmart Corp. and 37 of its U.S. subsidiaries filed voluntary Chapter
11 petitions (Bankr. N.D. Ill. Lead Case No. 02-02474) on Jan. 22,
2002.  Kmart emerged from chapter 11 protection on May 6, 2003,
pursuant to the terms of an Amended Joint Plan of Reorganization.
John Wm. "Jack" Butler, Jr., Esq., at Skadden, Arps, Slate, Meagher
& Flom, LLP, represented the retailer in its restructuring efforts.
The Company's balance sheet showed $16,287,000,000 in assets and
$10,348,000,000 in debts when it sought chapter 11 protection.
Kmart bought Sears, Roebuck & Co., for $11 billion to create the
third-largest U.S. retailer, behind Wal-Mart and Target, and
generate $55 billion in annual revenues.  Kmart completed its
merger with Sears on March 24, 2005.


SHERWIN ALUMINA: Needs Surcharge Waiver In DIP Financing
--------------------------------------------------------
Sherwin Alumina Company, LLC, and its affiliated Debtors ask the
U.S. Bankruptcy Court for the Southern District of Texas to
overrule the Objection of Texas Commission on Environmental Quality
and any other objections to the Debtor's DIP Motion.

According to the Debtors, TCEQ's only actual objection to the
relief requested is the inclusion of a standard and customary
surcharge waiver required by the DIP Lender and contained in the
Debtors' existing Final Cash Collateral Order.  The Debtors add
that, it is customary to grant surcharge waivers in financing
orders because if the secured lender must bear the risk of a
section 506(c) surcharge, the secured lender could demand
additional forms of adequate protection to compensate the lender
for its increased risk of diminution in value.

The Debtors contend that the thrust of the TCEQ's objection is its
contention that a chapter 7 trustee would be better positioned than
the Debtors to remediate the Debtors' assets.  The Debtor further
contend that it is a dangerous, misguided position that would
result in a bad outcome for everyone, considering that the Debtors
projected to exhaust all of their remaining $2.3 million in
liquidity, leaving a chapter 7 trustee with no cash to pay any
expenses while it sought to monetize the Debtors' assets.

The Debtors relate that even if the TCEQ is correct that a chapter
7 trustee could surcharge collateral and monetize the Debtors’
assets, the chapter 7 trustee will not have an environmental
closure plan to remediate the Main Facility and/or Excluded Assets
nor access to the required personnel with the relevant historical
and technical knowledge.

Tthe Debtors tell the Court that the DIP Lender is prepared to
provide $25 million in new money under the DIP Facility to fund the
wind down of the Debtors' affairs.  The Debtors further tell the
Court that many courts have similarly found section 506(c) waivers
appropriate considering that the Prepetition Lender and the DIP
Lender have agreed to a "carve out" for pre-default professional
fees and expenses, U.S. Trustee fees, plus a $250,000-budget in
post default fees and expenses, and further agreed to the use of
their cash collateral and the DIP Facility proceeds to pay the
administrative costs of these cases.

The Debtors' assert that the discretion to waive the section 506(c)
right in consideration for the overall adequate protection or
postpetition financing package is a right that belongs solely to
the Debtors, and the Debtors determined that such waiver is
preferable to protracted litigation over the use of cash
collateral.  The Debtors further assert that they cannot risk what
all parties agree is an essential liquidity lifeline for the
chapter 11 estates.


                    About Sherwin Alumina Company

Sherwin Alumina Company, LLC, and Sherwin Pipeline, Inc., filed
Chapter 11 bankruptcy petitions (Bankr. S.D. Tex. Case Nos.
16-20012 and 16-20013, respectively) on Jan. 11, 2016.  Thomas
Russell signed the petitions as authorized signatory.  Judge David
R. Jones has been assigned the case.

The Debtors have engaged Kirkland & Ellis LLP as general counsel,
Zack A. Clement PLLC as local counsel, Huron Consulting Services
LLC as financial advisor and Kurtzman Carson Consultants LLC as
claims, notice and balloting agent.

Sherwin operates an alumina plant in Gregory, Texas that produces
aluminum oxide (or alumina), which is the primary component of
aluminum, from bauxite.  Sherwin produces alumina through the
"Bayer Process," a refining technique that produces alumina from
bauxite ore by dissolving the bauxite in a caustic solution.

The Debtors disclosed total assets of $254,617,187 and total
liabilities of $218,177,760, on Feb. 5, 2016.

The U.S. Trustee appointed five members to the Official Committee
of Unsecured Creditors.  Robin Russell, Esq., Timothy S. McConn,
Esq., and Ashley Gargour, Esq., at Andrews Kurth LLP, in Houston,
Texas, represent the Committee.


SIGA TECHNOLOGIES: Has $80,000,000 Loan from OCM Strategic Credit
-----------------------------------------------------------------
SIGA Technologies, Inc., on Sept. 2, 2016, entered into a loan and
security agreement with OCM Strategic Credit SIGTEC Holdings, LLC,
in its capacity as a lender thereunder and each other party who is
or thereafter becomes a party to the Loan Agreement as a lender,
Cortland Capital Market Services LLC, in its capacity as
administrative agent for the Lenders and collateral agent for the
Secured Parties, OCM Strategic Credit SIGTEC Holdings, LLC, as sole
lead arranger, and each of the other persons who are or thereafter
become parties to the Loan Agreement as guarantors.

The effectiveness of the Loan Agreement is subject to approval by
the United States Bankruptcy Court for the Southern District of New
York.

The Loan Agreement provides for a first-priority senior secured
term loan facility in the aggregate principal amount of $80,000,000
(the "Term Loan"), of which:

     (i) $25,000,000 (net of any interest owed under the Loan
Agreement accrued and unpaid and owing as of the Escrow Release
Date) of such Term Loan will be held in a reserve account (the
"Reserve Account");

    (ii) an additional $5,000,000 will also be held in the Reserve
Account and up to the full amount of such $5,000,000 may be
withdrawn after June 30, 2018 upon the satisfaction of certain
conditions as more particularly described in the Loan Agreement,
provided that any of such amount is required to fund any interest
to the extent any interest in excess of $25,000,000 is due and
owing and any of such $5,000,000 remains in the Reserve Account;
and

   (iii) $50,000,000 (net of fees and expenses then due and owing
to the Agent or any Lender) of such Term Loan will be paid to
PharmAthene, Inc. or its designee as part of a final payment to
satisfy the judgment awarded on January 15, 2015 to PharmAthene by
the Delaware Court of Chancery and later affirmed by the Delaware
Supreme Court (the "PharmAthene Judgment"), as described in the
Company's Annual Report on Form 10-K for the year ended December
31, 2015 and Quarterly Report on Form 10-Q for the quarter ended
June 30, 2016.  

The $25,000,000 of the funds held in the aforementioned Reserve
Account will be utilized to pay interest on the Term Loan as it
becomes due.  Funds from the Term Loan can only be released from
escrow and used as part of a final payment to satisfy the
PharmAthene Judgment once the Company completes a $35,000,000
equity rights offering, and provided that the PharmAthene Judgment
is fully satisfied upon the Escrow Release Date and certain other
conditions as more particularly described in the Loan Agreement are
satisfied.  Until these conditions are met, funds from the Term
Loan are not available for use by the Company.  Until the Escrow
Release Date occurs, no security shall be granted under the Loan
Agreement and no affirmative or negative covenants or events of
default shall be effective under the Loan Agreement.

The Term Loan will initially be held in an escrow account. The Term
Loan bears interest from the date on which any of the Term Loan is
first placed into such escrow account (the "Escrow Funding Date")
until such Term Loan is fully repaid at a rate per annum equal to
the Adjusted LIBO Rate (as defined in the Loan Agreement) plus
11.50%, subject to adjustment as set forth in the Loan Agreement.
The Escrow Funding Date is scheduled to be Sept. 30, 2016, provided
that certain conditions are met, such as Bankruptcy Court approval
of the transactions contemplated by the Loan Agreement.  The
Company does not own or control the escrow account.  Upon
satisfaction of certain conditions as more particularly described
in the Loan Agreement, including, but not limited to, concurrent
final payment and satisfaction in full of the PharmAthene Judgment,
$30,000,000 (net of any interest owed under the Loan Agreement as
of the Escrow Release Date) will be transferred from the escrow
account to the Reserve Account (the date on which such transfer
occurs, the "Escrow Release Date").

The Term Loan shall mature on the earliest to occur of (i) the four
year anniversary of the Escrow Release Date, (ii) the acceleration
of certain obligations pursuant to the Loan Agreement, and (iii)
December 1, 2016 if certain conditions as more particularly
described in the Loan Agreement, such as final payment of the
PharmAthene Judgment, are not satisfied by November 30, 2016.

Through the three and one-half year anniversary of the Escrow
Release Date, any prepayment of the Term Loan is subject to a
make-whole in which interest payments related to the prepaid amount
are due (subject to a discount of treasury rate plus 0.50%).

In connection with the Term Loan, the Company has granted to the
Agent, for the benefit of the Secured Parties, a lien on and
security interest in all of the Company's right, title and interest
in substantially all of the Company's tangible and intangible
assets, including all intellectual property.

The Loan Agreement contains customary representations and
warranties and customary affirmative and negative covenants. These
covenants, among other things, require a minimum cash balance
throughout the term of the Term Loan and the achievement of
regulatory milestones by certain dates, and contain certain
limitations on the ability of the Company to incur unreimbursed
research and development expenditures over a certain threshold,
make capital expenditures over a certain threshold, incur
indebtedness, dispose of assets outside of the ordinary course of
business and enter into certain merger or consolidation
transactions.

The Loan Agreement includes customary events of default, including,
among others: (i) non-payment of amounts due thereunder, (ii) the
material inaccuracy of representations or warranties made
thereunder, (iii) non-compliance with covenants thereunder, (iv)
non-payment of amounts due under, or the acceleration of, other
material indebtedness of the Company and (v) bankruptcy or
insolvency events. Upon the occurrence and during the continuance
of an event of default under the Loan Agreement, the interest rate
may increase by 2.00% per annum above the rate of interest
otherwise in effect, and the Lenders would be entitled to
accelerate the maturity of the Company's outstanding obligations
thereunder.

In connection with the entry into the Loan Agreement, the Company
issued a Warrant to OCM Strategic Credit SIGTEC Holdings, LLC to
purchase a number of shares of the Company's common stock equal to
$4,000,000 divided by the lower of (i) $2.29 per share and (ii) the
subscription price paid in connection with the Company's equity
rights offering (the "Warrant"). The Warrant provides for weighted
average anti-dilution protection and is exercisable in whole or in
part for ten (10) years from the date of issuance.  The Warrant was
issued on the date of entry into the Loan Agreement, but is subject
to approval by the Bankruptcy Court.

A copy of the Loan and Security Agreement, dated as of September 2,
2016, by and among SIGA Technologies, Inc., OCM Strategic Credit
SIGTEC Holdings, LLC, Cortland Capital Market Services LLC, in its
capacity as administrative agent and collateral agent, OCM
Strategic Credit SIGTEC Holdings, LLC, as sole lead arranger, and
each of the other persons who are or thereafter become parties to
the Loan Agreement as guarantors, is available at
https://is.gd/1DzsSi

A copy of the Warrant, dated as of September 2, 2016, by the
Company in favor of OCM Strategic Credit SIGTEC Holdings, LLC or
its registered assigns, is available at https://is.gd/Iy2vzY

                     About SIGA Technologies

Publicly held SIGA Technologies, Inc., with headquarters in Madison
Avenue, New York, is a biotech/pharmaceutical company that
specializes in the development and commercialization of solutions
for serious unmet medical needs and biothreats.  SIGA's lead
product is Tecovirimat, also known as ST-246, an orally
administered antiviral drug that targets orthopoxviruses.

SIGA sought Chapter 11 bankruptcy protection (Bankr. S.D.N.Y. Case
No. 14-12623) on Sept. 16, 2014, in Manhattan.  The case was
assigned to Judge Sean H. Lane.

The Debtor tapped Weil, Gotshal & Manges LLP, as counsel, and
Prime Clerk LLC as claims agent.

A Statutory Creditors' Committee was represented by Martin J.
Bienenstock, Esq., Scott K. Rutsky, Esq., and Ehud Barak, Esq., at
Proskauer Rose LLP.  The Committee retained Guggenheim Securities,
LLC, as its financial advisor and investment banker.

                     Chapter 11 Bankruptcy

SIGA commenced the chapter 11 case to preserve and to ensure its
ability to satisfy its commitments under a contract with the U.S.
Biomedical Advanced Research and Development Authority and to
preserve its operations, which likely would have been jeopardized
by the enforcement of a judgment stemming from the litigation with
PharmAthene, Inc.

On January 15, 2015, the Delaware Court of Chancery entered its
Final Order and Judgment awarding PharmAthene approximately $195
million, including pre-judgment interest up to January 15, 2015.
On January 16, 2015, the Company filed a notice of appeal of the
Outstanding Judgment with the Delaware Supreme Court and, on
January 30, 2015, PharmAthene filed a notice of cross appeal.  On
October 7, 2015, the Delaware Supreme Court heard oral argument,
en
banc. On December 23, 2015 the Delaware Supreme Court affirmed the
Outstanding Judgment.

The Bankruptcy Court for the Southern District of New York entered
an order confirming the Debtor's Third Amended Chapter 11 Plan,
dated April 7, 2016, and, as a result, SIGA emerged from chapter
11.   The Plan was confirmed amid a challenge by current
shareholders.

                       Substantial Doubt

SIGA Technologies, Inc. filed with the Securities and Exchange
Commission its Form 10-Q report for the quarterly period ended
June
30, 2016.  SIGA said that, "as of June 30, 2016, the accrued
obligation under the Delaware Court of Chancery Final Order and
Judgment, including post-judgment and Plan-specified interest, is
estimated to be approximately $204 million. In addition, as of
June
30, 2016, the Company has a net capital deficiency of $304
million.
These factors raise substantial doubt about the Company's ability
to continue as a going concern."

SIGA had total assets of $201.67 million, total liabilities of
$505.74 million and stockholders' deficit of $304.07 million at
June 30, 2016.


SOLID DREJP: DOJ Watchdog Seeks Appointment of Ch. 11 Trustee
-------------------------------------------------------------
The United States Trustee asks the United States Bankruptcy Court
for the District of Utah to enter an order directing the
appointment of a Chapter 11 Trustee in the Chapter 11 bankruptcy
case filed by the Debtor, Solid Drejp, LLC. Likewise, the motion
provides for the conversion of the case under Chapter 7 pursuant to
11 U.S.C. Sec. 1112.

The Debtor's counsel, Kent Winward, disclosed that the primary
assets of the Debtor are the ownership of a number of commercial
trucks. The Debtor had leased the trucks to Killdeer Trucking and
that Killdeer is operating the trucks, maintaining the required
records of operation, supervising the proper licensure and
insurance of drivers, and has provided insurance coverage to
protect the assets from loss.

The U.S. Trustee asserted that, under a Utah Department of Commerce
Business Entity Search, the Debtor is delinquent in filing its
renewal with the Secretary of State.

A Chapter 11 Debtor-in-Possession is required to file monthly
financial reports regarding the debtor's financial status until
such time as a plan is confirmed or the debtor is no longer
proceeding under Chapter 11, the U.S. Trustee said.  In the case,
the Debtor has not filed a Monthly Financial Report for August
2016, which was due September 14, 2016, the U.S. Trustee noted.
The Initial Financial Report is to be filed within 21 days of
filing and has not been filed, the U.S. Trustee added.

The U.S. Trustee further asserted that cause is established to
appoint a chapter 11 trustee based on the Debtor's acts of (1)
failure to maintain adequate books and records, (2) failure to
timely file information with the Court and the (3) potential risks
to the estate and the public.

Solid Drejp, LLC, filed a Chapter 11 petition (Bankr. D. Utah Case
No. 16-27504) on August 26, 2016, and is represented by: E. Kent
Winward, Esq.


SPORTS AUTHORITY: Seeks Dec. 27 Plan Filing Period Extension
------------------------------------------------------------
TSAWD Holdings, Inc. and its affiliated Debtors, formerly known as
The Sports Authority before liquidating its assets, 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 through December 27, 2016 and February 26, 2017,
respectively.

The Debtors' exclusive plan filing period and exclusive
solicitation period are currently set to expire on September 28,
2016 and November 28, 2016.  

The Debtors tell the Court that they seek the extension of their
exclusive periods so that they may be afforded sufficient time to
finish reconciliations and other post-closing administrative tasks
related to the sale of their assets.  The Debtors further tell the
Court that they will evaluate their assets and administrative
liabilities, on a Debtor-by-Debtor basis, in order to determine if
any chapter 11 plan is feasible with respect to one or more of the
Debtors.

The Debtors believe that it is appropriate to maintain the
Exclusive Periods so as to reduce any administrative expenses that
may be incurred in connection with any competing chapter 11 plans
that are filed before it can be determined whether any chapter 11
plan can be confirmed, and if so, which Debtors have the ability to
do so.

The Debtors' Motion is scheduled for hearing on November 1, 2016 at
10:30 a.m.  The deadline for the filing of objections to the
Debtors' Motion is October 5, 2016 at 4:00 p.m.

TSAWD Holdings, Inc. and its affiliated Debtors are represented
by:

          Michael R. Nestor, Esq.
          Kenneth J. Enos, Esq.
          Andrew L. Magaziner, Esq.
          YOUNG CONAWAY STARGATT & TAYLOR, LLP
          Rodney Square
          1000 North King Street
          Wilmington, DE 19801
          Telephone: (302) 571-6600
          Email: mnestor@ycst.com
                 kenos@ycst.com
                 amagaziner@ycst.com

              - and -

         Robert A. Klyman, Esq.
         Matthew J. Williams, Esq.
         Jeremy L. Graves, Esq.
         Sabina Jacobs, Esq.
         GIBSON, DUNN & CRUTCHER LLP
         333 South Grand Avenue
         Los Angeles, CA 90071-1512
         Telephone: (213) 229-7000
         Email: rklyman@gibsondunn.com
                mjwilliams@gibsondunn.com
                jgraves@gibsondunn.com
                sjacobs@gibsondunn.com

                About Sports Authority Holdings

Sports Authority Holdings, et al., are sporting goods retailers
with roots dating back to 1928.  The Debtors currently operate 464
stores and five distribution centers across 40 U.S. states and
Puerto Rico.  The Debtors offer a broad selection of goods from a
wide array of household and specialty brands, including Adidas,
Asics, Brooks, Columbia, FitBit, Hanesbrands, Icon Health and
Fitness, Nike, The North Face, and Under Armour, in addition to
their own private label brands.  The Debtors employ 13,000 people.

Sports Authority and six of its affiliates filed Chapter 11
bankruptcy petitions (Bankr. D. Del. Case Nos. 16-10527 to
16-10533) on March 2, 2016.  The petitions were signed by Michael
E. Foss as chairman & chief executive officer.

The Debtors have engaged Gibson, Dunn & Crutcher LLP as general
counsel, Young Conaway Stargatt & Taylor, LLP as co-counsel,
Rothschild Inc. as investment banker, FTI Consulting, Inc., as
financial advisor and Kurtzman Carson Consultants LLC as notice,
claims, solicitation, balloting and tabulation agent.

Andrew Vara, Acting U.S. trustee for Region 3, appointed seven
creditors of Sports Authority Holdings Inc. to serve on the
official committee of unsecured creditors.  Lawyers at Pachulski
Stang Ziehl & Jones LLP represent the Official Committee of
Unsecured Creditors.

                            *     *     *

In May 2016, the Delaware Court allowed Sports Authority to proceed
with the liquidation of all of its roughly 450 stores across the
country after the Debtors resolved or beat out about 100 objections
to the sale.  Judge Mary F. Walrath approved an agreement for a
joint venture of Gordon Brothers Retail Partners LLC, Hilco
Merchant Resources LLC and Tiger Capital Group LLC to conduct going
out of business sales.  The Joint Venture won an auction for the
Debtors' inventory.  The Debtors failed to obtain a winning
going-concern bid at a May 17, 2016 auction.

In July 2016, Judge Walrath approved the sale of the Debtors'
intellectual property and more than two dozens of property leases
to Dick's Sporting Goods Inc.  A Wall Street Journal report, citing
anonymous sources, said Dick's bid was for $15 million.


SSNN-2210 MIDWEST: Court OK's Disclosures, Confirms Amended Plan
----------------------------------------------------------------
The Hon. Pamela S. Hollis of the U.S. Bankruptcy Court for the
Northern District of Illinois has approved SSNN-2210 Midwest Road,
LLC's amended disclosure statement and confirmed the amended plan
of reorganization.

A status hearing will be held on Dec. 8, 2016, at 10:30 a.m.

Through its Plan, the Debtor proposes to pay its creditors from
cash and cash equivalents, the rental income derived from the
commercial property, contributions from the managing member of the
Debtor, Sunil Srivastava, the proceeds of sale of the equity
interest of the Reorganized Debtor, and the net proceeds from
litigation claims, if any.

Under the Plan, holders of allowed Class 3 General Nonpriority
Unsecured Claims -- totaling $90,945.08 -- will be paid, in full,
in five annual installments starting Dec. 31, 2016, and Dec. 31 for
each of the next four years.

The Amended Plan is available at https://is.gd/gG24Zt

                   About SSNN-2210 Midwest Road

Headquartered in Oak Brook, Illinois, SSNN-2210 Midwest Road, LLC,
filed for Chapter 11 bankruptcy protection (Bankr. N.D. Ill. Case
No. 14-27048) on July 23, 2014, estimating its assets and
liabilities at between $1 million and $10 million.  The petition
was signed by Sunil Srivastava, managing member.

Judge Pamela S. Hollis presides over the case.

Gregory K. Stern, Esq., at Gregory K. Stern, P.C., serves as the
Debtor's bankruptcy counsel.


ST. JAMES NURSING: Bid for Appointment of Ch. 11 Trustee Denied
---------------------------------------------------------------
Judge Thomas J. Tucker of the United States Bankruptcy Court for
the Eastern District of Michigan denied the motion filed by the
Patel-Related Entities for the Appointment of a Chapter 11 Trustee
in the Chapter 11 bankruptcy case of St. James Nursing and Physical
Rehabilitation Center, Inc.

The motion by the Debtors filed on August 31, 2016, entitled,
Debtors' Motion for Protective Order, and the September 2, 2016
Movants' Motion to Compel Discovery are also denied in its
entirety.

                About St. Jude Nursing

St. Jude Nursing Center, Inc., filed for Chapter 11 bankruptcy
protection (Bankr. E.D. Mich. Case No. 16-42116) on Feb. 18, 2016.
Hon. Thomas J. Tucker presides over the cases.

The Debtor is a privately owned and licensed long-term skilled
nursing facility located at 34350 Ann Arbor Trail, Livonia,
Michigan 48150.  It consists of 64 licensed beds, located within
the Debtor-owned facility.  The current census ranges between 55
and 56 residents.  The majority of the residents are long term.
The Debtor continues to employ nearly 84 full and part-time
employees.  The Debtor's facility continues to offer services such
as skilled nursing care, hospice care, Alzheimer's and dementia
patient care, physical rehabilitation, tracheal and enteral
services, wound care, and short-term respite care.


ST. JUDE NURSING: Three Residents Had Issues, 4th PCO Report Says
-----------------------------------------------------------------
Deborah L. Fish, the Patient Care Ombudsman for debtor St. Jude
Nursing Center, Inc., filed a Fourth Report as to the quality of
patient care rendered by the Debtor for the period July 20, 2016 to
September 19, 2016.

The Ombudsman noted that there have not been any material changes
to the Debtor's staff since the previous report.

The PCO added that the Debtor has maintained all of its services
and is delivering similar quality care to essentially the same
patient population as it did pre-petition. During the interview
with a number of residents, the PCO noted that none of the
residents had concerns about their care. However, three residents
had issues pertaining to a desire to be back in their own homes,
issues with other residents, and one banking issue. The PCO
reported the issues to the administrator and noted to conduct a
follow-up on the matter.

Meanwhile, the PCO observed that the cleanliness was satisfactory.
However, foul odors were present and were reported to Mr. Bard
Mali, the personnel who handled and managed the day-to-day
operations of the nursing home.

         About St. Jude Nursing

St. Jude Nursing Center, Inc., filed for Chapter 11 bankruptcy
protection (Bankr. E.D. Mich. Case No. 16-42116) on Feb. 18, 2016.
Hon. Thomas J. Tucker presides over the cases.

The Debtor is a privately owned and licensed long-term skilled
nursing facility located at 34350 Ann Arbor Trail, Livonia,
Michigan 48150.  It consists of 64 licensed beds, located within
the Debtor-owned facility.  The current census ranges between 55
and 56 residents.  The majority of the residents are long term.
The Debtor continues to employ nearly 84 full and part-time
employees.  The Debtor's facility continues to offer services such
as skilled nursing care, hospice care, Alzheimer's and dementia
patient care, physical rehabilitation, tracheal and enteral
services, wound care, and short-term respite care.


ST. LOUIS METAL: Savings from Employee Termination Will Fund Plan
-----------------------------------------------------------------
St. Louis Metal and Recycling Company, Inc., filed with the U.S.
Bankruptcy Court for the Eastern District of Missouri a disclosure
statement describing the plan of reorganization, which provides
that Rhonda Branscomb and James Simmons will serve as officers of
the reorganized Debtor.  The Plan will be funded by savings that
will result from terminating three employees.

General unsecured claims are impaired.

The Plan is available at:

       http://bankrupt.com/misc/moeb-16-41211-56.pdf

St. Louis Metal and Recycling Company, Inc., filed for Chapter 11
bankruptcy protection (Bankr. E.D. Mo Case No. 16-41211) on Feb.
25, 2016, estimating its assets at up to $50,000 and liabilities at
between $500,000 and $1 million.

Richard J. Magee, Esq., at Eckenrode-Maupin, Attorneys At Law
serves as the Debtor's bankruptcy counsel.


STANDARD INDUSTRIES: Moody's Affirms Ba2 Corporate Family Rating
----------------------------------------------------------------
Moody's Investors Service affirmed Standard Industries Inc.'s
("Standard") Ba2 Corporate Family Rating and its Ba2-PD Probability
of Default Rating following the company's recent announcement that
it is making a public offer for Braas Monier Building Group S.A.
(B1 Positive), a global supplier of concrete and clay tiles and
building materials for pitched roofs primarily used in residential
buildings. In related rating actions, Moody's affirmed the Ba2
ratings assigned to its unsecured notes. The rating outlook is
stable.

Standard recently announced that it made a tender offer for Braas
Monier, publicly traded on the German stock exchange, for
approximately $1.1 billion in an all-cash offer. Approximately 40
percent of share capital is already secured through irrevocable
undertakings of which 40 North owns 29%. 40 North, whose chief
investment officers are also co-CEOs of Standard Industries, is a
related investment vehicle of Standard. The acquisition of Braas
Monier expands Standard's product offering in Europe. Braas Monier
is a specialist in pitched roofing, which is primarily used in
residential building applications, while Standard, through its
acquisition of Icopal in April 2016, is primarily focused on
European flat roofing products typically used in commercial roofing
applications. Standard indicated that it will now have a balanced
regional portfolio with 54 percent of revenues in North America, 43
percent in Europe and 3 percent in Asia and Africa (based on 2015
results).

Issuer: Standard Industries Inc.

Affirmations:

   -- Corporate Family Rating, Affirmed Ba2

   -- Probability of Default Rating, Affirmed Ba2-PD

   -- Senior Unsecured Notes due 2025, Affirmed Ba2 (LGD4)

   -- Senior Unsecured Notes due 2023, Affirmed Ba2 (LGD4)

   -- Senior Unsecured Notes due 2021, Affirmed Ba2 (LGD4)

   -- Senior Unsecured Notes due 2024, Affirmed Ba2 (LGD4)

Outlook Actions:

   -- Outlook, Remains Stable

RATINGS RATIONALE

Standard Industries' Ba2 Corporate Family Rating reflects key debt
credit metrics that, on a pro forma basis, should remain suitable
given the proposed transaction. Upon successful closing of the
proposed acquisition of Braas Monier, Standard will have a sizeable
revenue base of approximately $5.1 billion (inclusive of Icopal's
revenues) for 2015. Operating margins will remain very strong,
despite Braas Monier generating lower margins (9% adjusted EBITA
margin for LTM 2Q16) than Standard. The addition of Braas Monier
and Icopal expands Standard's market position in European roofing,
offering steady demand and cash flows. Standard holds a strong
market position in roofing repair, a pocket of stability within the
repair and remodeling market. The demand for roofing repair
products, the main driver of Standard's revenues, exhibits less
volatility than other building products due to its nondiscretionary
nature. However, Moody's estimates interest coverage -- measured as
EBITA-to-interest expense -- in the 3.5x range (4.3x for LTM 2Q16)
and debt leverage of about 4.25x (all ratios incorporate Moody's
standard adjustments). The large cash component for the transaction
is holding down leverage. Our pro forma analysis includes a full
year of earnings from Icopal and assumes the acquisition is funded
with cash on hand, some revolver borrowings, and approximately $600
million of new debt to repay Braas Monier's existing debt and
make-whole premium.

However, many risks remain. Standard is consuming a large portion
of its cash on hand, a credit strength in the past, and will likely
need a few years of cash flows to replenish its cash reserves.
Standard may need to use its revolving credit facility to
facilitate the acquisition and for seasonal working capital needs.
Moody's believes Standard is facing significant integration risks
as it is just now being exposed to new markets within Europe where
labor laws and building codes are very different from the US. The
company will have to contend with new supply and distribution
channels as well. Moody's believes that Standard will eventually
merge Icopal and Braas Monier into one entity, creating further
risks. Also, balance sheet debt may increase by another $600
million, estimated amount of debt Braas Monier currently carries.
Braas Monier has sizeable pension liabilities, totaling about $425
million at FYE15. Standard's total adjusted balance sheet debt
could reach $4.7 billion upon closing, a sizeable increase from
$2.4 billion at FYE15. However, Moody's recognizes that Standard
should continue to generate free cash flow (excluding dividends)
throughout the year in spite of higher debt service requirements
and working capital needs, giving the company financial flexibility
to contend with potential labor or market disruptions while
servicing its basic cash obligations.

The stable rating outlook reflects Standard's commitment to
maintaining its robust liquidity profile. Moody's expectation for
solid operating performance over the next 12 to 18 months should
translate into better debt credit metrics that remain supportive of
the current ratings.

Moody's views could change if funding terms for the proposed
acquisition of Braas Monier change meaningfully.

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

Standard Industries Inc., headquartered in Parsippany, NJ, operates
under the trade names GAF, Icopal, Siplast, and SGI as a
multi-national manufacturer and marketer of roofing products and
accessories for the residential and commercial roofing markets.
Annualized revenues on a pro forma basis total approximately $5.0
billion.




STARZ ACQUISITION: Seeks Permission to Use Cash Collateral
----------------------------------------------------------
Starz Acquisition, LLC requests the U.S. Bankruptcy Court for the
Middle District of Florida for authorization to use cash collateral
and provide related adequate protection to its secured creditors.

The Debtor has 6 secured loans and the Debtor acknowledges that On
Deck, Amex, and Lendini may have a lien on the cash collateral.

     (a) Starz Bar & Grill, LLC is owed $150,000;

     (b) Platinum Rapid Funding Group Ltd is owed $50,000;

     (c) On Deck is owed $162,000 under Term Loan, and $24,000 of
Line of Credit;

     (d) American Express Bank, FSB holds an alleged secured
promissory note in the amount of approximately $58,000; and

     (e) Funding Metrics LLC d/b/a Lendini. The total current
amount owed to Lendini is approximately $62,000.

The Debtor currently earns about eight to nine percent on revenue
of $1,500,000 per year before depreciation and interest.  The
Debtor also had a total balance of approximately $12,000 in its
business accounts as of Petition Date.  The Debtor contends that
this amount of earnings is currently insufficient to cover the
Debtor’s debt repayments upon the current terms of such loans.
The Debtor further contends that it requires the use of cash
collateral to fund all necessary operating expenses of the
Debtor’s business.

The Debtor believes that use of Cash Collateral is fair and
reasonable and adequately protects the secured creditors.  The
Debtor asserts that the use of cash collateral would enable it to
preserve the going concern value of its business, and provide its
secured lenders: On Deck, Amex, and Lendini with post-petition
replacement liens.

The Debtor submitted a 4-week Budget projecting total expenses of
$19,700 for the week beginning Sept. 19, 2016 and ending Sept. 25,
2016; $6,068 for the week beginning Sept. 26, 2016 and ending Oct.
2, 2016; $21,030  for the week beginning Oct. 3, 2016 and ending
Oct. 9, 2016; and $6,581 for the week beginning Oct. 10, 2016 and
ending Oct. 16, 2016.

A full-text copy of the Debtor's Motion dated September 18, 2016 is
available at https://is.gd/MEw5qk

Starz Acquisition, LLC is represented by:

          Michael R. Dal Lago, Esq.
          DAL LAGO LAW
          999 Vanderbilt Beach Road
          Suite 200
          Naples, FL 34108
          Telephone: (239) 571-6877
          E-mail: mike@dallagolaw.com

                    About Starz Acquisition, LLC                

Starz Acquisition, LLC filed a chapter 11 petition (Bankr. M.D.
Fla. Case No. 16-08045), on September 18, 2016.  The Debtor is
represented by Michael R. Dal Lago, Esq. at Dal Lago Law, of
Naples, FL.

The Debtor is a Florida limited liability company that owns and
operates Italian Restaurants/Pizzerias in two locations in Fort
Myers, Florida.  The first location seats about 150 to 160 people,
has a full Liquor License (i.e., a 4COP), and operates a small bar
within a rented area of about 3,100 square feet at 8750 Gladiolus
Drive.  The second location operates in about 1,000 square feet of
space at 16681 McGregor Boulevard.  The McGregor Location focuses
primarily on customer pick-up and delivery with limited dine in and
catering.  The McGregor Location has a Beer and Wine license 2COP
for dine in customers.


STERNSCHNUPPE LLC: Submits Second Amended Cash Collateral Motion
----------------------------------------------------------------
Sternschnuppe LLC submits to the U.S. Bankruptcy Court for the
District of Nevada its Second Amended Motion seeking the approval
of its Stipulation with the Internal Revenue Service for the use of
cash collateral and for adequate protection.

The Debtor previously asked the Court to approve its Stipulation
with the IRS for cash collateral use, contending that the IRS has
agreed to the Debtor's use of cash collateral, to pay ordinary
course business expenses.  The Debtor further contended that the
IRS will receive adequate protection for its security interest,
because the Debtor will continue to make full, timely payments in
accordance with their Stipulation, as such payments come due.

In its Amended Motion, the Debtor relates that the IRS agrees to
the Debtor's use of cash collateral, and the IRS and the Debtor
agree to the terms to provide adequate protection for the lien
interests of the IRS as outlined in the Stipulation which the
Debtor had filed concurrently with its Amended Motion.  The Debtor
further relates that the proposed use of cash collateral is to pay
ordinary course business expenses of the Debtor's estate incurred
in operating and administering the Debtor's estate during the
Chapter 11 case.  The Debtor says, as it had stated in its previous
Motion, that the IRS will receive adequate protection of its
security interest because the Debtor will continue to make full,
timely payments on the Stipulation as they come due.

A full-text copy of the Motion, dated Sept. 20, 2016, is available
at https://is.gd/qphtAG

                 About Sternschnuppe LLC

Sternschnuppe LLC filed a chapter 11 petition (Bankr. D. Nev. Case
No. 16-11242) on March 10, 2016.  The petition was signed by
Kimberly Michaelis, managing member.  The Debtor is represented by
Nedda Ghandi, Esq., at Ghandi Deeter Law Offices.  The case is
assigned to Judge Mike K. Nakagawa.  The Debtor estimated assets
and liabilities at $1 million to $10 million at the time of the
filing.


STOCKTON PFA: S&P Alters Outlook to Pos. & Affirms 'B-' COPs Rating
-------------------------------------------------------------------
S&P Global Ratings revised the outlook to positive from stable and
affirmed its 'B-' long-term rating and underlying rating (SPUR) on
the Stockton Public Financing Authority, Calif.'s series 2003A and
2003B certificates of participation (COPs) and its 'B-' SPUR on the
authority's series 2006A lease revenue refunding bonds.  All series
are appropriation obligations of Stockton.

"The outlook revision reflects our view that positive economic
performance, sustained cost controls, and a new formal reserve
policy suggest that the city is positioning itself financially to
better respond to revenue effects of the next recession," said S&P
Global Ratings credit analyst Chris Morgan.  "The outlook revision
also reflects our view that credit quality is likely to improve to
the degree that the city can sustain its gains in reserves and
maintain compliance with its new policy," Mr. Morgan added.


STRATA SKIN: Extends Consulting Agreements to Dec. 31
-----------------------------------------------------
Strata Skin Sciences, Inc., on Sept. 19, 2016, entered into
extension agreements to existing consulting agreements dated Nov.
4, 2015, with two of its directors, Jeffrey F. O'Donnell, Sr. and
Samuel E. Navarro.  The amendments extended the termination dates
of two consulting agreements from Sept. 30, 2016, to Dec. 31, 2016.
The other terms of the agreements remain unmodified.

                   About STRATA Skin Sciences

STRATA Skin Sciences (formerly MELA Sciences, Inc.) is a medical
technology company focused on the therapeutic and diagnostic
dermatology market.  Its products include the XTRAC laser and VTRAC
excimer lamp systems utilized in the treatment of psoriasis,
vitiligo and various other skin conditions; and the MelaFind system
used to assist in the identification and management of melanoma.

Strata Skin reported a net loss attributable to common stockholders
of $27.9 million on $18.5 million of revenues for the year ended
Dec. 31, 2015, compared to a net loss of $16.03 million on $915,000
of revenues for the year ended Dec. 31, 2014.

As of June 30, 2016, Strata Skin had $44.4 million in total assets,
$27.1 million in total liabilities and $17.3 million in total
stockholders' equity.


SUGARMAN'S PLAZA: Unsecureds To Get Paid Through Net Sale Proceeds
------------------------------------------------------------------
Sugarman's Plaza Limited Partnership filed with the U.S. Bankruptcy
Court for the Eastern District of New York a disclosure statement
in support of the plan of reorganization.

Under the Plan, Class III Unsecured Claims will be paid its pro
rata share of the available balance of the net sale proceeds on the
Effective Date, or as soon as practicable thereafter, to the extent
that the Net Sale Proceeds have not been exhausted by payment of
the Class I Claims and Class II Claims.

Class III is entitled to vote to accept or reject the Plan only if
the Net Sale Proceeds are insufficient to satisfy the Class III
Claims in full.  If the Net Sale Proceeds are sufficient to satisfy
the Class III Claims in full on the Effective Date, Class III will
not be impaired and will not be entitled to vote to accept or
reject the Plan.

If a sale is consummated, the funds necessary for implementation of
the Plan will be provided from the Sale of the Debtors' property.

The Disclosure Statement is available at:

           http://bankrupt.com/misc/nyeb16-42496-58.pdf

                   About Sugarman's Plaza

Sugarman's Plaza Limited Partnership operates a business located at
600 Scranton Carbondale Highway, Archbald PA 18403.  The premises
consist of approximately 455,000 square feet of land (approximately
58.6 acres) containing a store, warehouse, office space and parking
lot.  The Debtor rents the Premises to various tenants.

The Debtor sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. E.D.N.Y. Case No. 16-42496) on June 7, 2016.  The
petition was signed by Chaim Laufer, general partner of TSC
Associates.  The case is assigned to Judge Elizabeth S. Stong.  At
the time of the filing, the Debtor estimated its assets and
liabilities at $1 million to $10 million.

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


SUN PROPERTY: Can Get $150K Financing from Rajeswary Singh
----------------------------------------------------------
Judge Louis A. Scarcella of the U.S. Bankruptcy Court for the
Eastern District of New York authorized Sun Property Consultants,
Inc., to obtain postpetition financing and use cash collateral on a
final basis.

The Debtor was authorized to enter into a postpetition financing
arrangement with Rajeswary Singh, and to borrow up to the amount of
$150,000.

Rajeswary Singh was granted a security interest and lien upon the
Debtor's accounts and rent receivable, and a security interest in
the Debtor's real property, equipment and all other property,
subordinate to the prepetition lenders' liens in existence on the
filing date, including the first priority liens asserted by
StanCorp Mortgage Investors, LLC, as servicer and agent for certain
lenders.

The Debtor is indebted to StanCorp Mortgage Investors, pursuant to
certain loan documents, which grant StanCorp Mortgage Investors a
first priority lien against, among other things, all of the
Debtor's cash, including without limitation, all cash and other
amounts on deposit maintained by the Debtor in any account or
accounts with any prepetition secured party and any cash proceeds
of the SMI Prepetition Collateral within the possession of the
Debtor, which serves as cash collateral of StanCorp Mortgage
Investors; and the real property located at 150-66 Hicksville Road
and 4019-4021 Hempstead Turnpike, Bethpage, New York, as well as
the products and proceeds, including rents receivable.

The Debtor was authorized to use SMI Prepetition Collateral,
including the SMI Cash Collateral, for working capital and general
corporate purposes.

The approved Budget covers the months of September 2016 to December
2016.  The Budget provides for total disbursements in the amount of
$6,000 for September 2016; $85,000 for October 2016; $75,000 for
November 2016; and $6,000 for December 2016.

StanCorp Mortgage Investors was granted replacement liens to the
extent of the Debtor's use of its Prepetition Collateral.  It was
also granted adequate protection liens and superpriority claims,
with priority in payment over any and all administrative expenses.

Judge Scarcella held that the liens and claims granted to Rajeswary
Singh and StanCorp Mortgage Investors, including the DIP Liens, the
SMI Adequate Protection Liens and the SMI 507(b) Claims, are
subject to the Carve-Out.

The Carve-Out consists of:

     (a) fees payable to the United States Trustee;

     (b) reasonable post-conversion commissions, fees and expenses
of any chapter 7 trustee in an amount not to exceed $10,000; and

     (c) allowed fees and expenses payable to professionals
retained in the Chapter 11 case, up to the aggregate sum of
$50,000.

A full-text copy of the Final Order, dated Sept. 21, 2016, is
available at https://is.gd/OnBw5W

            About Sun Property Consultants, Inc.

Sun Property Consultants, Ltd., sought protection under Chapter 11
of the Bankruptcy Code (Bankr. E.D.N.Y. Case No. 16-72267) on May
23, 2016.  The petition was signed by Rajesh K. Singh, authorized
representative.  The Debtor is represented by Marc A. Pergament,
Esq., at Weinberg, Gross & Pergament LLP.  The case is assigned to
Judge Louis A. Scarcella.  At the time of the filing, the Debto
estimated its assets at $10 million to $50 million and debt at  $1
million to $10 million.


SUNEDISON INC: Sale of Shares in SunE Troughton Approved
--------------------------------------------------------
Judge Stuart M. Bernstein of the U.S. Bankruptcy Court for the
Southern District of New York authorized SunEdison Holdings Corp.
to sell its shares in SunE Troughton Farm Solar Ltd. to Stark Solar
Ltd.

The Shares will be transferred on the date of Completion (as
defined in the Agreement) free and clear of all liens.

The assumption by NVT Licenses, LLC of that engineering,
procurement and construction agreement, dated November 5, 2015 with
the Company ("EPC Contract") (as may be amended by the Side
Letter), pursuant to Sections 105(a) and 365 of the Bankruptcy
Code, is approved subject to, and effective as of, the closing of
the sale transaction.  No cure amounts are required to be paid in
connection with the assumption of the EPC Contract.  The
requirements of Section 365(b)(1) with respect thereto is deemed
satisfied.

NVT Licenses is authorized but not directed to enter into the Side
Letter.  If the Side Letter is executed by NVT Licenses, the
assumption of the EPC Contract will be the EPC Contract, as amended
by the Side Letter.

The Intercompany Claims Settlement is also approved.

                      About SunEdison, Inc.

SunEdison, Inc. (OTC PINK: SUNEQ), is a developer and seller of
photovoltaic energy solutions, an owner and operator of clean power
generation assets, and a global leader in the development,
manufacture and sale of silicon wafers to the semiconductor
industry.

On April 21, 2016, SunEdison, Inc., and 25 of its affiliates each
filed a Chapter 11 bankruptcy petition (Bankr. S.D.N.Y. Case Nos.
16-10991 to 16-11017).  Martin H. Truong signed the petitions as
senior vice president, general counsel and secretary.

The Debtors disclosed total assets of $20.7 billion and total debt
of $16.14 billion as of Sept. 30, 2015.

The Debtors have hired Skadden, Arps, Slate, Meagher & Flom LLP as
counsel, Togut, Segal & Segal LLP as conflicts counsel, Rothschild
Inc. as investment banker and financial advisor, McKinsey Recovery
& Transformation Services U.S., LLC, as restructuring advisors and
Prime Clerk LLC as claims and noticing agent.  The Debtors employed
PricewaterhouseCoopers LLP as financial advisors; and KPMG LLP as
their auditor and tax consultant.

An official committee of unsecured creditors has been appointed in
the case.  The committee tapped Weil, Gotshal & Manges LLP as its
general bankruptcy counsel and Morrison & Foerster LLP as special
counsel.


SUNRISE COOPERATIVE: Case Summary & 7 Unsecured Creditors
---------------------------------------------------------
Debtor: Sunrise Cooperative, Inc.
        1080 Leggett Avenue, Unit 3
        Bronx, NY 10474

Case No.: 16-12692

Chapter 11 Petition Date: September 23, 2016

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

Debtor's Counsel: Thomas R. Califano, Esq.
                  DLA PIPER LLP (US)
                  1251 Avenue of the Americas, 29th Floor
                  New York, NY 10020-1104
                  Tel: (212) 335-4500
                  Fax: (212) 335-4501
                  E-mail: thomas.califano@dlapiper.com

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

Estimated Liabilities: $1 million to $10 million

The petition was signed by Tirso Mier, vice president.

A copy of the Debtor's list of seven unsecured creditors is
available for free at http://bankrupt.com/misc/nysb16-12692.pdf


SYNCARDIA SYSTEMS: Closes Sale to Sindex SSI
--------------------------------------------
The U.S. Bankruptcy Court for the District of Delaware on Aug. 5,
2016, entered an order approving, among other things (i) bidding
procedures in connection with the sale of substantially all of the
assets of SynCardia Systems, Inc., and (ii) procedures to determine
cure amounts and deadlines for objections to certain executory
contracts and unexpired leases to be assumed and assigned or
rejected by the Debtor, including the procedures for the expedited
rejection of contracts designated as rejected by the successful
bidder.

On Aug. 16, 2016 the Court entered an order approving the sale of
Assets free and clear of all pledges, liens, security interests,
encumbrances, claims, charges, options and interests to the
Stalking Horse Bidder, Sindex SSI Lending, LLC ("Successful
Bidder"), pursuant to the terms of a purchase agreement with the
Successful Bidder.

The sale closed on Sept. 19, 2016.

A copy of the list of the contracts that the Successful Bidder has
designated to be rejected is available for free at:

         http://bankrupt.com/misc/SynCardia_282_Sales.pdf

The objection deadline of the rejection is Oct. 5, 2016 at 4:00
p.m. (PET).

If no objection to the rejection is filed by the rejection
objection deadline, the Court will enter an order authorizing the
rejection of the additional rejected contract effective as of the
date of the notice.  In the event an objection is filed by the
rejection objection deadline, and the parties cannot consensually
resolve such objection, the Debtor will seek expedited
determination of the objection by the Court on the first available
hearing date.

Any affected contract counterparty subject to the Notice
("Rejection Claimant") who asserts a claim or claims against the
Debtors arising from the rejection of an executory Contract or
Lease must submit a proof of claim 30 days after the date of
service of the Notice.  If a Rejection Claimant does not timely
file such proof of claim, such claimant will be forever barred from
asserting a claim for such rejection damages, absent order of the
Court to the contrary.

                      About SynCardia Systems

SynCardia Systems, Inc., a privately-held company with global
headquarters and manufacturing in Tucson, Arizona, is focused on
developing, manufacturing and commercializing the SynCardia
temporary Total Artificial Heart, or TAH-t, an implantable system
designed to assume the full function of a failed human heart in
patients suffering from advanced heart failure.

SynCardia Systems sought Chapter 11 protection (Bankr. D. Del. Case
No. 16-11599) on July 1, 2016.

The Debtor tapped Olshan Frome Wolosky, LLP, as bankruptcy counsel;
Young, Conaway, Stargatt & Taylor, LLP as Delaware counsel; Stephen
Marotta of Ankura Consulting Group as restructuring advisor;
Canaccord Genuity, Inc., as investment banker; and Rust
Consulting/Omni Bankruptcy as claims and noticing agent.

The Debtor estimated assets and debt of $10 million to $50 million.


T-REX OIL: Jon Nicolaysen Resigns as EVP and Director
-----------------------------------------------------
Mr. Jon Nicolaysen, a director the executive vice president of
T-Rex Oil, Inc., resigned from both positions of the Company and
his officer positions with the subsidiaries of the Company.

                         About T-Rex

T-Rex Oil, Inc., fka Rancher Energy Corp., is an energy company,
focused on the acquisition, exploration, development and production
of oil and natural gas.

B F Borgers CPA PC, in Denver, Colo., the Company's independent
registered public accounting firm, which audited the Company's
financial statements as of March 31, 2015, and for each of the
years in the two-year period then ended, raised substantial doubt
about the Company's ability to continue as a going concern in a
July 14, 2015 letter to the Company's board of directors and
stockholders.  The letter was filed with the Securities and
Exchange Commission together with the Company's revised Annual
Report on Form 10-K delivered to the Commission in December.

B F Borgers said the Company's significant operating losses raise
substantial doubt about its ability to continue as a going
concern.

As of June 30, 2016, T-Rex had $3.27 million in total assets, $3.13
million in total liabilities and $58,891 in stockholders' equity.


TAR HEEL OIL: Court Allows Cash Collateral Use Until Nov. 3
-----------------------------------------------------------
Judge Benjamin A. Kahn of the U.S. Bankruptcy Court for the Middle
District of North Carolina authorized Tar Heel Oil II, Inc. and
Gambill Oil, LLC. to use cash collateral on an interim basis, until
November 3, 2016.

The Debtors were authorized to use Cash Collateral only to the
extent of the Debtors' actual and necessary expenses of operating
the Debtors' businesses and maintaining the collateral pursuant to
the approved Budget.

The approved Budget provides for total expenses in the amount of
$131,716 for the month of September; $135,016 for the month of
October; and $106,516 for the month of November.

Tar Heel Oil is indebted to the following:

     (1) Great State Bank in the approximate amount of $953,000;

     (2) BLT Investments, LLC in the approximate amount of
$1,870,000; and

     (3) Yadkin Bank, f/k/a Yadkin Valley Bank and Trust Company in
the approximate amount of $816,000.

The Debtors are jointly indebted to Cary Oil Co., Inc. in the
amount of $1,114,900, as of the Petition date.  

Gambill is indebted to:

     (1) Gambill Oil, Jon M. Gambill and  JMG Energy Solutions,
Inc. in the approximate amount of $684,000; and

     (2) Yadkin Bank in the approximate amount of $500,000.

Judge Kahn directed Tar Heel Oil to make monthly adequate
protection payments to Great State Bank in the amount of $4,368,
and BLT in the amount of $2,500.  He ordered Gambill to make
monthly adequate protection payments to Yadkin Bank in the amount
of $3,290.  

The Debtors were also directed to make monthly adequate protection
payments to Cary Oil in the amount of $7,258.93.  

A further hearing on the Debtors' Cash Collateral Motion is
scheduled on November 3, 2016 at 9:30 a.m.

A copy of the Interim Order dated September 13, 2016 is available
at https://is.gd/mUxAa1


                    About Tar Heel Oil II, Inc.

Tar Heel Oil II, Inc. and Gambill Oil, LLC sought protection under
Chapter 11 of the Bankruptcy Code  (Bankr. M.D.N.C. Case Nos.
16-50216 and 16-50217) on March 4, 2016.  The petitions were signed
by Arthur H. Lankford, president.  The Debtors are represented by
Charles M. Ivey, III, Esq., at Ivey, McClellan, Gatton, & Siegmund,
LLP.  The case is assigned to Judge Benjamin A. Kahn.  Tar Heel Oil
disclosed assets of $3.18 million and debts of $6.03 million.
Gambill Oil disclosed assets of $986,674 and debts of $3.28
million.


TEMPLAR ENERGY: Moody's Drops "Ca" CFR After Debt-for-Equity Swap
-----------------------------------------------------------------
Moody's Investors Service has withdrawn all assigned ratings for
Templar Energy LLC, including the Ca Corporate Family Rating (CFR)
and the C second lien notes rating, following the extinguishment of
its rated debt.

Issuer: Templar Energy LLC

Ratings Withdrawn:

   -- Probability of Default Rating, Withdrawn, previously rated
      Ca-PD

   -- Corporate Family Rating, Withdrawn, previously rated Ca

   -- Second Lien Secured Notes Rating, Withdrawn, previously
      rated C (LGD 5)

Outlook Actions:

   Issuer: Templar Energy LLC

   -- Outlook, Changed To Rating Withdrawn From Negative

RATINGS RATIONALE

The company announced on September 21 that it had extinguished its
rated second lien debt under a unanimous agreement with lenders to
exchange the $1.45 billion in second lien debt for equity and cash
in the reorganized Templar. This reorganization and extinguishment
of debt is the resolution of Templar's missed second lien interest
payments on July 5, June 20, April 28 and April 4, 2016.

Templar Energy LLC is a privately held independent exploration and
production company headquartered in Oklahoma City, Oklahoma.



TEXAS PELLETS: Seeks Approval of Pellets Agreement
--------------------------------------------------
Texas Pellets, Inc., and affiliates ask the U.S. Bankruptcy Court
for the Eastern District of Texas to authorize Texas Pellets, Inc.
and German Pellets, LLC, to enter into a short-term Wood Pellet
Sale and Supply Agreement ("Pellets Agreement") with Louisiana
Pellets, Inc. and German Pellets Louisiana, LLC ("Seller") for the
Buyer's purchase of wood pellets for resale including but not
limited to through the Buyer's existing agreement for the Sale and
Purchase of Biomass ("Drax Agreement") with Drax Power, Ltd. dated
March 29, 2012.

The Debtors have a relationship with their Louisiana counterparts,
the Seller.  Part of that relationship includes an agreement for
the purchase by Debtors of wood pellets for resale including but
not limited to through Drax Agreement with Drax Power, as amended
from time to time.

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

          http://bankrupt.com/misc/Texas_Pellets_196_Sales.pdf


The wood pellets subject to the Pellets Agreement may ship through
Buyer's terminal facility located at 489-A West Lakeshore Dr., Port
Arthur, Texas ("POPA") or to extent agreed to by Drax Power, a Drax
biomass transit facility located in Baton Rouge, Louisiana on the
Mississippi River at the Port of Greater Baton Rouge in Port Allen,
Louisiana ("Baton Rouge").

The Seller and Buyer further wish to set forth in their agreements
regarding the Buyer's resale of product produced and provided by
the Seller into agreed markets and certain non-exclusive rights of
the Buyer to purchase any product produced by Seller meeting
applicable certification standards.

The salient terms of the Pellets Agreement are:

   a. Goods: Wood pellets

   b. Term and Committed Volume: Product quantities are net of any
pellet or added packaging weights, is any.  The total volume that
will be supplied from Aug. 22, 2016 through Dec. 31, 2016.

   c. Additional Volume: The Seller may at its option make
available additional volume if requested by the Buyer, in addition
to the committed volume.

   d. Storage at Seller's Location: The Seller will if requested by
the Buyer provide storage at its facility up to 30 days at no
charge to the Buyer.

   e. Delivery and Risk of Loss: The delivery of the wood pellets
will be to POPA and all title, ownership, and risk of loss and
damages will completely transfer to Buyer upon passing the ship
rails as part of loading for shipment from POPA.  In the event the
delivery of wood pellets will be to Baton Rouge, then all title,
ownership, and risk of loss or damages will completely transfer to
the Buyer upon delivery to Baton Rouge.

   f. Payment Terms: The parties agree that payment of the purchase
price for pellets as reflected in a purchase order will be made by
wire transfer to the Seller's designated bank account within 5
calendar days after the Buyer's collection and receipt of payment
from Drax Power for pellets re-sold pursuant to the terms of the
Drax Agreement.

A valid business judgment exists for the entry into the Pellet
Agreement because of the economic benefit to the Debtors.  The
proposed Pellet Agreement would allow for the purchase and resale
of wood pellets in the ordinary course of business.  Notably, a
valid business justification exists for the sale, as it does in the
case, a Debtor's decision to enter into a contract for the sale of
property outside of the ordinary course of business enjoys a strong
presumption "that in making a business decision the directors of a
corporation acted on an informed basis, in good faith and in an
honest belief that the action taken was in the best interests of
the company." Approval of the Pellets Agreement is justified
because the Pellets Agreement enables Debtors to fulfill
obligations under the Drax Agreement and to earn profit in the
process.

There is a "need for speed" since the Debtors and Seller have
already engaged in some dealings concerning the purchase of wood
pellets from Seller by Debtors.  The wood pellets manufacturing and
sale enterprise is fluid and dynamic.  Both the Debtors and Seller
are in chapter 11 and the need to continue the flow of product and
money is crucial to a successful reorganization.  In addition to
the Debtors and Seller, the bondholders, unsecured creditors
committee, Drax Power, the Port of Port Arthur Navigation District
(the location from which the pellets are shipped), and other
parties are keenly interested in the success of the Debtors and
Seller.  The interruption of the stream of commerce dealings
currently in place would be a seriously damaging occurrence to
Debtors and Seller.  Therefore, the Debtors ask that the Court, in
addition to approving the Pellets Agreement, also specifically
ratify the sale of wood pellets between the Debtors and Seller that
have taken place prior to the approval of the Pellets Agreement
since Aug. 22, 2016.

                        About Texas Pellets

Texas Pellets, Inc., based in Woodville, Texas, filed a Chapter 11
petition (Bankr. E.D. Tex. Case No. 16-90126) on April 30, 2016.
The petition was signed by Anna Katherin Leibold, president and
chief executive officer.

German Pellets Texas, LLC, also based in Woodville, Texas, filed a
Chapter 11 petition (Bankr. E.D. Tex. Case No. 16-90127) on
April 30, 2016.  The petition was signed by Peter H. Leibold, its
chief executive officer.

The cases have been jointly administered under Texas Pellets'
case.

Judge Bill Parker presides over the cases.

The Office of the U.S. Trustee formed an Official Committee of
Unsecured Creditors.



THAMES FUNDING: Can Use Dime Savings Bank Cash Collateral
---------------------------------------------------------
Judge James J. Tancredi of the U.S. Bankruptcy Court for the
District of Connecticut issued an Order authorizing Thames Funding,
Inc. to use Dime Savings Bank cash collateral on a interim basis,
on Sept. 19, 2016.

Judge Tancredi authorized the Debtor to use up an amount not in
excess of $6,500 until Aug. 31, 2016, to meet all necessary
business expenses incurred in the ordinary course of its business
and U.S. Trustee's statutory fees, in accordance with its Budget.


Judge Tancredi granted Dime Savings Bank with replacement liens in
all after-acquired property of the Debtor, of equal extent and
priority to that which Dime Bank enjoyed with regard to the said
property at the time the Debtor filed its Chapter 11 petition.

Judge Tancredi further granted Dime Savings Bank relief from the
automatic stay and authorized Dime Bank to take whatever steps are
necessary under applicable law to perfect any replacement liens
granted under the Order.

Judge Tancredi directed the Debtor to make an adequate protection
payment to Dime Savings Bank in the amount of $500 for the month of
August, 2016.

He further directed the Debtor to provide the secured creditors
with a monthly register report from all DIP accounts showing all
disbursements made beginning September 15, 2016 and continuing
until otherwise ordered.

A continued hearing on the use of cash collateral is scheduled on
Sept. 29, 2016 at 2:00 p.m.

A full-text copy of the Order, dated September 19, 2016, is
available at http://tinyurl.com/hbowwmy

                           About Thames Funding

Thames Funding, Inc., filed a chapter 11 petition (Bankr. D. Conn.
Case No. 16-21286) on Aug. 7, 2016.  The petition was signed by
John G. Syragakis, principal.  The Debtor is represented by Joseph
J. D'Agostino, Jr., Esq., at Attorney Joseph J. D'Agostino, Jr.,
LLC.  The case is assigned to Judge Ann M. Nevins.  The Debtor
disclosed total assets of $640,000 and total debt of $1.02 million.



TOWERSTREAM CORP: Closes Public Offering of $4M Common Stock
------------------------------------------------------------
Towerstream Corporation announced the closing of its public
offering of common stock for a total of approximately $4 million in
gross proceeds to the Company.  Sold in the offering were shares of
the Company's common stock at a public offering price of $1.35 per
share of common stock.  The Company has granted the underwriter an
option for a period of up to 45 days from Sept. 16, 2016, to
purchase up to an aggregate of 444,444 shares of the Company's
common stock to cover overallotments, if any.

The total gross proceeds of the public offering were before the
underwriter's discount and expenses.  Laidlaw & Company (UK) Ltd.
acted as the sole book-running manager for this offering.

A registration statement relating to these securities was
previously filed on Form S-1 (333-212995) with the Securities and
Exchange Commission, and was declared effective by the SEC on Sept.
16, 2016.  A final prospectus relating to the offering may be
obtained on the SEC's website located at http://www.sec.gov/, and
electronic copies of the final prospectus may also be obtained from
Laidlaw & Company (UK) Ltd., Attention: Syndicate Department, 546
Fifth Avenue, New York, NY 10036, by telephone at (212) 953-4900 or
by email at syndicate@laidlawltd.com.

                 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 $36.5 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 $40.5 million in 2015, a net
loss of $27.6 million in 2014 and a net loss of $24.8 million in
2013.


TOWERSTREAM CORP: To Add 70 New On-Net Buildings in Q3
------------------------------------------------------
Towerstream Corporation provided guidance for the quarter ending
Sept. 30, 2016.

  * Towerstream is on track to add 70 buildings to its On-Net
    footprint in Q3.  This is a 70% increase over new building
    additions in Q2 and brings total On-Net buildings to 335 at
    the end Q3.

  * This brings the total number of businesses in the Company's
    On-Net buildings to over 10,000, up 30% from 7,700 at close of

    Q2.

  * The current On-Net building average monthly revenue is $1,102
    and the current On-Net building penetration rate is 6%.

Management Comments

"There is a direct relationship in sales growth to the number of
buildings On-Net," stated Philip Urso, interim chief executive
officer.

"Fixed-Wireless technology inherently provides a competitive
advantage," stated Arthur Giftakis, chief operating officer.  "The
speed we can add buildings at our low cost gives us an unfair
advantage over fiber and cable."

                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 $36.5 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 $40.5 million in 2015, a net
loss of $27.6 million in 2014 and a net loss of $24.8 million in
2013.


TOWN SPORTS: Appoints Patrick Walsh Chief Executive Officer
-----------------------------------------------------------
Town Sports International Holdings, Inc., announced that Patrick
Walsh, executive chairman of the Company, has been appointed as the
Company's chief executive officer, effective Sept. 30, 2016. The
Company also disclosed that Greg Bartoli, the Company's chief
operating officer, will be leaving the Company, effective Sept. 30,
2016.

Patrick Walsh, executive chairman, stated, "In order to continue
our strategic efforts to evolve as a more efficient and streamlined
organization, I will assume the role of Chief Executive Officer of
the Company effective September 30, 2016 and we will merge the
roles of chief operating officer and chief executive.  Greg joined
TSI over a year ago and contributed his extensive financial and
entrepreneurial expertise to strengthening our organization.  As a
result of Greg's time at TSI, we are a leaner, more efficient and
more profitable organization.  Greg lead the way towards
strengthening club financials, exploring new business ventures,
renegotiating our leases and strengthening our balance sheet while
engaging in organizational changes that allowed for stronger club
leadership.  These initiatives led to more than $40 million of
savings annually and significant increases in the Company's EBITDA.
I am extremely proud that these accomplishments were achieved in
less than 12 months time."

In connection with Mr. Walsh's appointment as chief executive
officer, the Company and Mr. Walsh entered into a letter agreement
dated Sept. 20, 2016.  Pursuant to the Letter Agreement, Mr. Walsh
will earn an annual base salary of $690,000.  In addition, Mr.
Walsh will receive 200,000 shares of restricted stock under the
Company's Amended and Restated 2006 Stock Incentive Plan, which
will vest in three equal annual installments.  Mr. Walsh will also
continue to be eligible to receive an annual cash incentive award
under the Company's Amended and Restated 2006 Annual Performance
Bonus Plan, as previously disclosed.

                      About Town Sports

New York-based Town Sports International Holdings, Inc. is one of
the leading owners and operators of fitness clubs in the Northeast
and mid-Atlantic regions of the United States and, through its
subsidiaries, operated 151 fitness clubs as of March 31, 2016,
comprising 104 New York Sports Clubs, 27 Boston Sports Clubs, 12
Washington Sports Clubs (one of which is partly-owned), five
Philadelphia Sports Clubs, and three clubs located in Switzerland,
and three BFX Studio locations.  In addition, the Company also has
one partly-owned club that operated under a different brand name in
Washington, D.C. as of March 31, 2016.  These clubs collectively
served approximately 553,000 members as of March 31, 2016.  For
more information on TSI, including the Company's Form 10-Q for the
quarterly period ended March 31, 2016, visit
http://investor.mysportsclubs.com  

As of June 30, 2016, Town Sports had $257 million in total assets,
$339 million in total liabilities, and a total stockholders'
deficit of $81.4 million.

                            *    *    *

As reported by the TCR on March 14, 2016, Standard & Poor's Ratings
Services said it raised its corporate credit rating on New York
City-based Town Sports International Holdings Inc. to 'CCC+' from
'SD'.

Town Sports carries a 'Caa2' corporate family rating from Moody's
Investors Service.


TRANSGENOMIC INC: Chief Accounting Officer Resigns
--------------------------------------------------
Leon F. Richards, the chief accounting officer of Transgenomic,
Inc., submitted his resignation from Transgenomic, Inc., effective
Sept. 30, 2016.  

Mr. Richards joined the Company as controller in November 2012 and
has served as chief accounting officer and controller since
November 2014.  His resignation was not due to any disagreement
with the Company.  No replacement has been named for Mr. Richards.
In the interim, Paul Kinnon will continue as the Company's
President and chief executive officer, chief financial officer
(principal financial officer) and secretary.

                     About Transgenomic

Transgenomic, Inc. -- http://www.transgenomic.com/-- is a global
biotechnology company advancing personalized medicine in
cardiology, oncology, and inherited diseases through its
proprietary molecular technologies and world-class clinical and
research services.  The Company is a global leader in cardiac
genetic testing with a family of innovative products, including
its C-GAAP test, designed to detect gene mutations which indicate
cardiac disorders, or which can lead to serious adverse events.
Transgenomic has three complementary business divisions:
Transgenomic Clinical Laboratories, which specializes in molecular
diagnostics for cardiology, oncology, neurology, and mitochondrial
disorders; Transgenomic Pharmacogenomic Services, a contract
research laboratory that specializes in supporting all phases of
pre-clinical and clinical trials for oncology drugs in
development; and Transgenomic Diagnostic Tools, which produces
equipment, reagents, and other consumables that empower clinical
and research applications in molecular testing and cytogenetics.
Transgenomic believes there is significant opportunity for
continued growth across all three businesses by leveraging their
synergistic capabilities, technologies, and expertise.  The
Company actively develops and acquires new technology and other
intellectual property that strengthens its leadership in
personalized medicine.

Transgenomic reported a net loss available to common stockholders
of $34.3 million on $1.65 million of net sales for the year ended
Dec. 31, 2015, compared to a net loss available to common
stockholders of $15.08 million on $1.24 million of net sales for
the year ended Dec. 31, 2014.

As of June 30, 2016, Transgenomic had $3.09 million in total
assets, $19.38 million in total liabilities and a stockholders'
deficit of $16.29 million.


TRAVELPORT WORLDWIDE: Closes Secondary Offering of Common Shares
----------------------------------------------------------------
Travelport announced the closing of an underwritten public offering
by certain of the Company's shareholders of an aggregate of
7,986,979 of the Company's common shares.  The Underwriter offered
the shares sold by the Selling Shareholders to the public at $14.00
per share.  The Company did not receive any proceeds from the sale
of common shares in the Offering.

Morgan Stanley acted as sole underwriter for the Offering.

An automatic shelf registration statement (including a prospectus)
relating to the common shares was filed with the Securities and
Exchange Commission on Nov. 4, 2015, and became effective upon
filing.  A copy of the final prospectus supplement relating to the
Offering was filed with the SEC on Sept. 19, 2016.  The Offering
was made only by means of a prospectus supplement and the
accompanying prospectus.

                   About Travelport Worldwide

Travelport Worldwide Limited is a travel commerce platform
providing distribution, technology, payment and other solutions for
the global travel and tourism industry.

As of June 30, 2016, Travelport had $2.90 billion in total assets,
$3.22 billion in total liabilities, and a total deficit of
$324 million.

                         *     *     *

As reported by the TCR on March 8, 2016, Standard & Poor's Ratings
Services raised to 'B+' from 'B' its long-term corporate credit
rating on U.K.-based travel services provider Travelport Worldwide
Ltd.  The outlook is stable.


TUSCANY ENERGY: Can Use Cash Collateral Through October 10
----------------------------------------------------------
Judge Erik P. Kimball of the U.S. Bankruptcy Court for the Southern
District of Florida authorized Tuscany Energy, LLC to use cash
collateral through October 10, 2016.

Judge Kimball directed the Debtor to pay Donald Sider an amount up
to $10,000, so as to leave the Debtor in a $500 positive cash flow
position at the end of the period of the Interim Order,
notwithstanding Mr. Sider's entitlement to an accrued $15,000
management fee.

Armstrong Bank was granted with Replacement Liens as adequate
protection with respect to any decrease in the value of Armstrong
Bank’s interest in the Prepetition Collateral.

The Debtor was directed to maintain a Cash Collateral Pool,
consisting of $141,000 in cash and $76,000 in accounts receivable,
subject to a permitted 25% deviation with respect to the amount
attributable to the $76,000 in accounts receivable,  so that on the
date of the Interim Hearing, the Debtor will have at least a total
of $217,000.   

The Debtor was also directed to continue maintaining, with
financially sound and reputable insurance companies, insurance
coverage in amounts and against risks as reasonably required by
Armstrong Bank with such insurance policies, reflecting Armstrong
Bank as loss payee and the US Trustee as a notice party.

An interim hearing on the Debtor's cash collateral use is scheduled
on Oct. 5, 2016 at 2:00 p.m.

A full-text copy of the Cash Collateral Order dated September 13,
2016 is available at https://is.gd/htTyCq

                    About Tuscany Energy, LLC.

Tuscany Energy LLC filed for Chapter 11 bankruptcy protection
(Bankr. S.D. Fla. Case No. 16-10398) on Jan. 11, 2016.  The
petition was signed by Donald Sider, manager.  The case is assigned
to Judge Erik P. Kimball.  The Debtor is represented by Bradley S.
Shraiberg, Esq., at Shraiberg, Ferrara, & Landau P.A.  At the time
of the filing, the Debtor estimated assets at $100,000 to $500,000
and liabilities at $1 million to $10 million.


TWO MILE RANCH: Wants Approval to Use Cash 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 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.  The Debtor further tells the Court that it
will also use cash collateral to make adequate protection payments
to Farmers State Bank.

The Debtor submitted a proposed Budget covering the months of
August 2016 through December 2016, which projects total operating
expenditures in the amount of $174,715.

The Debtor contends that Farmers State Bank has an interest in the
cash collateral, and that the current balance on all of the
Debtor's loans with Farmers State Bank is approximately $9,592,208.
The Debtor further contends that Farmers State Bank is entitled to
assess and collect the post maturity rate as set forth in the
Promissory Note which matured prior to the Petition Date.

The Debtor relates that 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 relates 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 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.

A full-text copy of the Debtor's Amended Motion, dated Sept. 15,
2016, is available at http://tinyurl.com/gwkk52c


                      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.


ULTRA PETROLEUM: Ch. 11 Case Dismissal, Trustee Appointment Sought
------------------------------------------------------------------
Pinedale Corridor, L.P., asks the United States Bankruptcy Court
for the Southern District of Texas to dismiss the Chapter 11
bankruptcy proceeding of the Debtor Ultra Petroleum Corp., or
alternatively, to appoint a trustee or examiner pursuant to 11
U.S.C. Sec. 1104.

The motion to dismiss the Debtor's bankruptcy case will be heard on
October 20, 2016. The motion provides that any objection to the
relief requested must be in writing, specifically answering each
paragraph of the pleading, and must be filed with the clerk of the
bankruptcy court within 21 days from the date when the pleading was
served. A copy of the response must be sent to the person who sent
the notice, otherwise, the Court may treat the pleading as
unopposed and grant the relief requested.

                    About Ultra Petroleum

Ultra Petroleum Corp. (OTC Pink Marketplace: "UPLMQ") is an
independent oil and gas company engaged in the development,
production, operation, exploration and acquisition of oil and
natural gas properties.

Ultra Petroleum Corp. and its affiliates filed separate Chapter 11
petitions (Bankr. S.D. Tex. Case Nos. 16-32202 to 16-32209) on
April 29, 2016. The Hon. Marvin Isgur presides over the cases.

James H.M. Sprayregen, P.C., David R. Seligman, P.C., Michael B.
Slade, Esq., Christopher T. Greco, Esq., and Gregory F. Pesce,
Esq., at KIRKLAND & ELLIS LLP; and Patricia B. Tomasco, Esq.,
Matthew D. Cavenaugh, Esq., and Jennifer F. Wertz, Esq., at Jackson
Walker, L.L.P., serve as counsel to the Debtors. Rothschild Inc.
serves as the Debtors' investment banker; Petrie Partners serves as
their investment banker; and Epiq Bankruptcy Solutions, LLC, serves
as claims and noticing agent.

Ultra Petroleum Corp. listed total assets of $1.28 billion and
total liabilities of $3.91 billion as of March 31, 2016.

The petitions were signed by Garland R. Shaw, chief financial
officer.

The Office of the U.S. Trustee has appointed seven creditors of
Ultra Petroleum Corp. to serve on the official committee of
unsecured creditors.


UNILIFE CORP: Receives NASDAQ Listing Non-Compliance Notice
-----------------------------------------------------------
Unilife Corporation on Sept. 23, 2016, disclosed that it has
received a letter (the "NASDAQ letter") from The NASDAQ Stock
Market LLC notifying the Company that it is not in compliance with
NASDAQ Listing Rule 5250(c)(1) because it has not filed its Annual
Report on Form 10-K for the period ended June 30, 2016 in a timely
manner with the Securities and Exchange Commission (the "SEC").
NASDAQ Listing Rule 5250(c)(1) requires listed companies to timely
file all required periodic financial reports with the SEC.

In addition, as previously disclosed, the Company is required under
a listing rule of the Australian Securities Exchange ("ASX") to
file audited financial statements with ASX no later than September
30, 2016 (the "ASX Deadline").   The Company applied for a waiver
of this rule and ASX denied such waiver request.  If the Company
does not file such audited financial statements by the ASX
Deadline, trading in the Company's CHESS Depositary Interests
("CDIs") on the ASX will be suspended immediately prior to opening
of trading on ASX on October 3, 2016 in Australia and such trading
will not resume until the Company files its audited financial
statements with the ASX.  If trading of the Company's CDIs is
suspended on the ASX, NASDAQ has informed the Company that it will
halt trading of its common stock on NASDAQ at least until trading
of the Company's CDIs resumes on the ASX.

As previously disclosed, the Company has not timely filed its
Quarterly Report on Form 10-Q for the period ended March 31, 2016.
As a result, the Company submitted a plan (the "Original Compliance
Plan") to NASDAQ as to how it plans to regain compliance with
NASDAQ's continued listing requirements.  NASDAQ subsequently
granted the Company an exception until Nov. 7, 2016 to regain
compliance with NASDAQ Listing Rule 5250(c)(1).

The NASDAQ letter, which is dated Sept. 19, 2016, requires the
Company to submit to NASDAQ an update to the Original Compliance
Plan no later than Oct. 4, 2016, which update must include the
Company's plans to file the Form 10-K and indicate the progress the
Company has made towards implementing the Original Compliance Plan.


The Company currently intends to file both the Form 10-Q and the
Form 10-K in advance of expiration of the November 7, 2016
deadline.  The NASDAQ letter has no immediate effect on the listing
of the Company's common stock on the NASDAQ Global Market.

                    About Unilife Corporation

Unilife Corporation (NASDAQ: UNIS / ASX: UNS) --
http://www.unilife.com/-- is a U.S. based developer and commercial
supplier of injectable drug delivery systems.  Unilife has a
portfolio of innovative, differentiated products with a primary
focus on wearable injectors.  Products within each platform are
customizable to address specific customer, drug and patient
requirements.  Unilife's global headquarters and manufacturing
facilities are located in York, PA.


VERENGO INC: Case Summary & 23 Largest Unsecured Creditors
----------------------------------------------------------
Debtor: Verengo, Inc.
           aka Verengo Solar
           aka Verengo Solar Plus
        20285 S. Western Ave., Suite 200
        Torrance, CA 90501

Case No.: 16-12098

Type of Business: Installer of solar photovoltaic systems

Chapter 11 Petition Date: September 23, 2016

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

Judge: Hon. Brendan Linehan Shannon

Debtor's Counsel: Scott D. Cousins, Esq.
                  BAYARD, P.A.
                  222 Delaware Avenue, Suite 900
                  Wilmington, DE 19801
                  Tel: 302-655-5000
                  Fax: 302-658-6395
                  E-mail: scousins@bayardlaw.com

                    - and -

                  Evan T. Miller, Esq.
                  BAYARD, P.A.
                  222 Delaware Avenue, Suite 900
                  Wilmington, DE 19801
                  Tel: 302-429-4227
                  Fax: 302-658-6395
                  E-mail: emiller@bayardlaw.com

Debtor's          
Financial
Advisor:          SHERWOOD PARTNERS, INC.

Debtor's          
Investment
Banker:           SSG ADVISORS, INC.

Debtor's          
Claims &
Noticing
Agent:            UPSHOT SERVICES LLC

Estimated Assets: $10 million to $50 million

Estimated Debts: $10 million to $50 million

The petition was signed by Dan Squiller, CEO.

List of Debtor's 23 Largest Unsecured Creditors:

   Entity                          Nature of Claim   Claim Amount
   ------                          ---------------   ------------
Sunrun                               Trade Debt        $3,700,000
595 Market Street
29th Floor
San Francisco, CA 94105

NRG Residential Solar Solutions      Trade Debt        $3,141,139
2333 New Jersey 34
Wall, NJ 08736

GEXPRO                               Trade Debt        $1,358,709
400 Technology Court Southeast
Suite R
Smyrna, GA 30082

Hanwha Q Cells America, Inc.         Trade Debt        $1,194,086
300 Spectrum Center Drive
Suite 1250
Irvine, CA 92618

Salesforce.com, Inc.                  License          $1,089,660
The Landmark at One Market
Street
Suite 300
San Francisco, CA 94105

Hyundai Corporation                  Trade Debt        $1,072,250
21250 Hawthorne Boulevard, #775
Torrance, CA 90503

Hanwha Q Cells USA Corporation       Trade Debt          $816,969
300 Spectrum Center Drive
Suite 1250
Irvine, CA 92618

Employment Development Department       Tax              $602,861
4300 Long Beach Boulevard #600
Long Beach, CA 90807

CPF Capital & Trading LLC            Trade Debt          $564,089
(Spruce Finance)
201 Mission Street
11th Floor
San Francisco, CA 94105

Trina Solar, Inc.                    Trade Debt          $471,724
100 Century Center Court
Suite #340
San Jose, CA 95112

Sunrun                               Trade Debt          $469,216
595 Market Street
29th Floor
San Francisco, CA 94105

Century Link                         Trade Debt          $437,744
P.O. Box 52187
Phoenix, AZ 85072-2187

Unirac, Inc.                         Trade Debt          $278,502
1411 Broadway Boulevard
Northeast
Albuquerque, NM 87102

Manattt, Phelps & Phillips, LLP        Legal             $249,360

Zagalabs, LLC                        Trade Debt          $245,510

ReallyGraterate, Inc.                Trade Debt          $185,963

Yingli Green Energy Americas, Inc.   Trade Debt          $184,693

Harbor Wholesale Electric            Trade Debt          $165,937
Supply, Inc.

Myers Electric Company               Trade Debt          $160,844

Demand Solutions Group               Trade Debt          $160,817

The Minacs Group USA, Inc.           Trade Debt           $98,604

IPProspect.com, Inc.                 Trade Debt           $80,807

Locus Energy, LLC                    Trade Debt           $68,440


VERENGO INC: Files Ch.11 Bankruptcy Petition to Facilitate Sale
---------------------------------------------------------------
Verengo, Inc., Southern California's leading residential solar
panel installer, with over 20,000 systems installed, on Sept. 23,
2016, announced the proposed sale of substantially all of its
assets to Crius Solar Fulfillment LLC, a subsidiary of Crius Energy
Corporation and an affiliate of Crius Energy, LLC, a leading energy
solutions company that provides electricity, natural gas and solar
products to residential and commercial customers.  Closing of the
transaction is subject to customary conditions including approvals
required by the Verengo Chapter 11 bankruptcy process.  The sale
will be subject to other bids that may be received.

The combination with Crius is expected to significantly strengthen
Verengo's capabilities in the California residential solar energy
segment and provide an expansion platform outside of California. By
leveraging Crius' scale and longstanding industry relationships,
Verengo also expects to further improve its market-leading cost
competitiveness and service opportunity adjacencies.

"The acquisition by Crius provides Verengo with access to an
exceptional customer platform, reliable infrastructure and capital
that position us to grow from our standing as a premier California
residential solar provider to an industry leader nationwide," said
Dan Squiller, chief executive officer of Verengo.  "As the solar
industry continues to consolidate, the scale and resources that
Crius brings to Verengo will increase our reach to new customers
and strengthen our ability to serve our existing customers well
into the future."

Verengo intends to implement the transaction as an asset sale under
Section 363 of the U.S. Bankruptcy Code.  Verengo has commenced
voluntary Chapter 11 proceedings in the U.S. Bankruptcy Court for
the District of Delaware to facilitate the process, which will
provide for an orderly sale of its assets in a court-supervised
environment.  In conjunction with the proposed transaction, Crius
has committed to provide Verengo with "debtor-in-possession"
financing, to support the company's continued operations during the
sale process.  In addition, Verengo has filed a number of customary
motions to facilitate ongoing operations.

"Crius is pleased to make this initial bid to facilitate an orderly
transition that will enable Verengo to achieve its full potential,
strengthen the company's balance sheet and support its customers
without interruption," said Michael Fallquist, chief executive
officer of Crius Energy.  "Verengo has a proven track record of
providing industry-leading service and quality for customers and
partners including EPC, 3PO, and home builders.  We are confident
that by leveraging synergies between both companies, we can further
strengthen Verengo's market position in the California solar
residential market, and expand the Verengo business into exciting
new services and geographies."

                       About Verengo, Inc.

Verengo -- http://www.verengosolar.com-- designs, installs, and
services solar photovoltaic systems, which enable homeowners to
save money on their electricity by providing a smart and
sustainable alternative to soaring energy rates -- all while
converting to a clean and renewable source of energy.  Verengo is
also leading the industry by coupling energy storage with solar.
As a key player in the residential solar market since 2008, Verengo
has helped over 20,000 homeowners go solar, the equivalent to
planting 1,150,000 trees.  Verengo works primarily through EPC
(third party fulfillment), 3POs (third-party origination), and
home-builder partners.  The company has received numerous
recognitions and awards including ranking #1 on the Solar Power
World list of Top Residential Solar Contractors in the U.S, and
being named to Inc. Magazine's List of America's Fastest Growing
Companies.  Verengo consistently maintains an A+ rating with the
Better Business Bureau and has received Angie's List Super Service
Award.  Headquartered in Torrance, California Verengo is one of the
largest Southern California-based solar providers.


VERENGO INC: Propoes Crius-Led Sale Process
-------------------------------------------
Verengo, Inc. asks the Bankruptcy Court to approve proposed bidding
procedures in connection with the sale of all or substantially all
of its assets, free and clear of any lien, hypothecation,
encumbrance, claim, liability and interests.  The Debtor has
concluded that the sale of its assets pursuant to Section 363 of
the Bankruptcy Code with an open and competitive auction process
will maximize the value of its assets for the benefit of
creditors.

The Debtor said it developed the bidding procedures consistent with
its competing needs to expedite the sale process and promote
participation and active bidding.

Prior to the Petition Date, Verengo solicited a pre-auction bid
from Crius Solar Fulfillment resulting in the Debtor's entry into a
stalking horse agreement with Crius Solar Fulfillment, as stalking
horse purchaser.  The members of Crius Solar Fulfillment are Crius
Energy Corporation, Angeleno Investors III -- Verengo Solar, L.P.,
ClearSky Funding I LLC, and Spruce.

Crius Solar Fulfillment intends to credit bid $11.7 million
comprised of (x) the amount outstanding under the DIP Credit
Agreement at the time of closing, plus (y) the amount of the
Secured Loan totaling $2,272,000, plus (z) such amount of Senior
Notes necessary to total, when combined with the credit bid amounts
from clauses (x) and (y), $11.7 million, for the purchase of all or
substantially all of Verengo's assets.

The Debtor intends to retain SSG Advisors, LLC as its investment
banker to, among other things, shop around the Stalking Horse
Purchaser's offer in an effort to achieve the highest bid for the
Debtor's assets.

In recognition of the Stalking Horse Purchaser's expenditure of
time, energy, and resources, the Debtor has agreed that if the
Stalking Horse Purchaser is not the Successful Bidder, the Debtor
will pay the Stalking Horse Purchaser an amount in cash equal to
(i) $475,000 plus (ii) the aggregate amount of the reasonable,
actual, and necessary, out-of-pocket expenses paid or incurred by
the Stalking Horse Purchaser and its affiliates relating to or in
connection with its bid, subject to a cap of $175,000.

                      Proposed Timeline

The Debtor proposes the following timeline in connection with the
sale:

       Event                                    Date
       -----                                    ----
Bidding Procedures Hearing          Within 24 days of the Petition
                                    Date

Objection Deadline in Connection    Within 48 days of the Petition
with Sale of Purchased Assets       Date
and Cure Amounts

Bid Deadline                        Within 50 days of the Petition

                                    Date

Auction Date (if necessary)         Within 52 days of the Petition

                                    Date

Sale Hearing                        Within 55 days of the Petition

                                    Date

"Absent a prompt sale pursuant to the proposed procedures and
timeline, the Debtor believes that the going concern value of the
Purchased Assets may be significantly compromised, rendering the
possibility of a sale unlikely," said  Scott D. Cousins, Esq., at
Bayard, P.A, one of the Debtor's attorneys.

                  Proposed Bidding Procedures

In order to participate in the bidding process, prior to the Bid
Deadline, each person, other than the Stalking Horse Purchaser, who
wishes to participate in the bidding process must deliver the
following to the Notice Parties:

  (i) a written disclosure of the identity of each entity
      including all affiliates, equity sources or other parties
      that will be or is associated with bidding for the Purchased
      Assets or otherwise participating in connection with such
      bid and the complete terms of any such participation; and

(ii) an executed confidentiality agreement (to be delivered prior
      to the distribution of any confidential information by the
      Debtor to a Potential Bidder) in form and substance
      satisfactory to the Debtor, which will inure to the benefit
      of any purchaser of the Purchased Assets; without limiting
      the foregoing, each confidentiality agreement executed by a
      Potential Bidder shall contain standard non-solicitation
      provisions.

A Potential Bidder that delivers the documents and that the Debtor
determines in its reasonable business judgment, after consultation
with its advisors, is likely to be able to consummate the sale,
will be deemed a "Qualified Bidder."  The Debtor will limit access
to due diligence to those parties it believes, in the exercise of
its reasonable judgment, are pursuing the transaction in good
faith.

The Debtor will afford any Qualified Bidder such due diligence
access or additional information as the Debtor, in consultation
with its advisors, deems appropriate, in its reasonable discretion.
The Debtor must promptly advise the Stalking Horse Purchaser in
the event any other Qualified Bidder receives diligence the
Stalking Horse Purchaser has not previously received and shall
promptly be provided with access to such diligence materials.  The
due diligence period will end on the Bid Deadline.

The Debtor intends to present the Successful Bid and the Back-Up
Bid, as the case may be, for approval by the Court pursuant to the
provisions of Sections 105, 363 and 365 of the Bankruptcy Code at a
sale hearing to be scheduled by the Court.

                Assumption and Assignment Procedures

In addition, the Debtor seeks approval of procedures related to the
assumption and assignment of certain of the Debtor's prepetition
executory contracts and unexpired leases of nonresidential real
property.

The Debtor proposes that if any counterparty to an Assigned
Contract objects for any reason to the assumption and assignment of
an Assigned Contract, that counterparty must file and serve such
Assumption Objection so as to be received by the Notice Parties by
no later than: (i) 7 days prior to the date of the Auction,
provided, however, if any bidder other than the Stalking Horse
Bidder is the Successful Bidder, then that any counterparty may
file and serve an objection to the assumption and assignment of the
Assigned Contract solely with respect to the Successful Bidder's
ability to provide adequate assurance of future  performance under
the Assigned Contract up to the time of the Sale Hearing, or raise
it at the Sale Hearing; or (ii) the date otherwise specified in the
Cure Notice (or, alternatively, the date set forth in the motion to
assume such Assigned Contract if such contract is to be assumed and
assigned after the Sale Hearing).  The Court will make any and all
determinations concerning adequate assurance of future performance
under the Assigned Contracts pursuant to Sections 365(b) and (f)(2)
of the Bankruptcy Code at the Sale Hearing.

The Debtor requests that unless the counterparty to any Assigned
Contract timely files and serves an Assumption Objection, such
non-debtor party should (a) be forever barred from objecting to the
Cure Amount and from asserting any additional cure or other amounts
with respect to that Assigned Contract, and the Debtor shall be
entitled to rely solely upon the Cure Amount, and (b) be forever
barred and estopped from asserting or claiming against the Debtor,
the Stalking Horse Purchaser or the Successful Bidder, as the case
may be, or any other assignee of the Assigned Contract that any
additional amounts are due or defaults exist, or conditions to
assumption and assignment must be satisfied with respect to such
Assigned Contract.

In the event that an Assumption Objection is timely filed and
served, that Assumption Objection must set forth with specificity
each and every asserted default in any executory contract or
unexpired lease and the monetary cure amount asserted by such
counterparty to the extent it differs from the amount, if any,
specified by the Debtor in the Cure Notice.  After receipt of the
Assumption Objection, the Debtor will attempt to reconcile any
differences in the Cure Amount believed by the counterparty to
exist.  Assumption Objections may be resolved by the Court at the
Sale Hearing, or at a separate hearing either before or after the
Sale Hearing.

                          About Verengo

Headquartered in Torrance, California, Verengo, Inc. is engaged in
the installation of solar photovoltaic systems and claims to be one
of the most well-known and respected brands in residential solar.
The Debtor also markets and sells solar panels and
semiconductor-based micro inverter systems in the United States.
As of August 2016, the Debtor has installed 19,800 systems.
Currently the Company employs 129 people, down from 1,000 in 2012.


For the year ending Dec. 31, 2015, the Debtor achieved $82 million
in revenue and 3,170 installations.  The Debtor believes that its
2016 EBITDA will be positive by December, with 2017's forecasted
cost reductions driven by reduced supply chain costs and volume
increase.  The Debtor projects $2.6 million of revenue from new
accounts from August through December 2016.

Verengo filed a voluntary petition under Chapter 11 of the
Bankruptcy Code on Sept. 23, 2016.  The Debtor estimated assets and
liabilities in the range of $10 million to $50 million each.

The Debtor has hired Bayard, P.A. as counsel, Sherwood Partners,
Inc. as financial advisor, SSG Advisors, Inc. as investment banker
and Upshot Services LLC as claims and noticing agent.

The case is pending in the U.S. Bankruptcy Court for the District
of Delaware (Bankr. D. Del. Case No. 16-12098) before Judge Brendan
Linehan Shannon.


VIGGLE INC: Borrows Additional $209,586 from Sillerman
------------------------------------------------------
As previously disclosed by Function(x) Inc. in a Form 8-K filed on
June 12, 2015, Sillerman Investment Company IV, LLC, an affiliate
of Robert F.X. Sillerman, the Company's executive chairman and
chief executive officer, agreed to provide a Line of Credit to the
Company of up to $10,000,000.

On Sept. 16, 2016, the Company borrowed an additional $100,000
under the Line of Credit.

On Sept. 19, 2016, the Company borrowed an additional $109,586
under the Line of Credit.

The principal amount now outstanding under the Line of Credit is
$1,609,586 and the Company is entitled to draw up to an additional
$4,290,414 under the Line of Credit.

Meanwhile, Birame N. Sock, the president and chief operating
officer, and Julie Gerola, the chief marketing officer, of
Function(x) Inc., presented at the Aegis Capital Corp. 2016 Growth
Conference on Wednesday, Sept. 21, 2016, at 3:30 pm PDT in Las
Vegas, NV.  A copy of the Company presentation is available for
free at https://is.gd/zdoUHf

                         About Viggle

New York City-based Viggle Inc. is a loyalty marketing company.
The Company has developed a loyalty program for television that
gives people real rewards for checking into the television shows
they are watching on most mobile operating system.  Viggle users
can redeem their points in the app's rewards catalog for items
such as movie tickets, music, or gift cards.

Viggle reported a net loss attributable to common stockholders of
$78.9 million on $25.5 million of revenue for the year ended
June 30, 2015, compared to a net loss attributable to common
stockholders of $68.1 million on $18.0 million of revenues for the
year ended June 30, 2014.

As of Sept. 30, 2015, the Company had $74.0 million in total
assets, $59.8 million in total liabilities, $12.04 million in
series C convertible preferred stock and $2.10 million in total
stockholders' equity.

BDO USA, LLP, in New York, issued a "going concern" qualification
on the consolidated financial statements for the year ended
June 30, 2015, citing that the Company has suffered recurring
losses from operations and at June 30, 2015, has a deficiency in
working capital that raise substantial doubt about its ability to
continue as a going concern.


VILLA PIZZA: Asks Court to Approve Outline of Chapter 11 Plan
-------------------------------------------------------------
Villa Pizza Specialties, Inc. has filed an application seeking
court approval of the disclosure statement explaining its proposed
Chapter 11 plan.

In its application, the company asked the U.S. Bankruptcy Court for
the District of New Jersey to conditionally approve the disclosure
statement, and schedule a combined hearing for confirmation of the
plan and final approval of the disclosure statement.

Under U.S. bankruptcy law, a debtor must get court approval of its
disclosure statement to begin soliciting votes from creditors.  

The document must contain adequate information to enable creditors
to make an informed decision about the bankruptcy plan.

                  About Villa Pizza Specialties

Villa Pizza Specialties, Inc., operates a pizzeria restaurant in
Texas.  It filed for Chapter 11 bankruptcy (Bankr. D.N.J. Case No.
15-31057) on Nov. 9, 2015, and is represented by Morris S. Bauer,
Esq., and Matteo Percontino, Esq., at  Norris, McLaughlin & Marcus,
P.A.  Judge Rosemary Gambardella presides over the case.


VOYA FINANCIAL: Fitch Affirms 'BB+' Subordinated Debt Rating
------------------------------------------------------------
Fitch Ratings has affirmed Voya Financial, Inc.'s senior debt
rating at 'BBB', and junior subordinated debt rating at 'BB+'. The
Insurer Financial Strength (IFS) ratings of the U.S. operating
entities have also been affirmed at 'A'. The Rating Outlook for all
ratings is Stable.

The affirmation reflects Voya's balance sheet strength and ample
debt servicing capacity. Voya's ratings also reflect the
large-scale and solid business profile in retirement, employee
benefits and universal life markets, improved operating performance
within its core businesses, and conservative investment portfolio.
Offsetting these positives are the challenges related to the
run-off of Voya's $34 billion closed-block variable annuity (VA)
book and ongoing headwinds associated with the low rate
environment, which negatively impacts earnings and reserve
adequacy.

KEY RATING DRIVERS

During the first half of 2016 (IH16), Voya reported pre-tax
operating income of $405 million and an operating return on equity
(ROE) of 5.7%. Adjusted pre-tax operating income for the ongoing
business was down 14% during that time period due to lower
alternative investment income, lower fee income in the
recordkeeping and full service businesses, the impact of the
continued low interest rate environment on reinvestment rates, and
higher operating expenses as a result of the company's strategic
investment program. Voya will be making incremental investments of
$350 million over the next four years designed to increase growth
and reduce costs.

While Voya expects operating income to improve, operating ROE will
continue to be impacted by the significant amount of capital
supporting the closed-block VA and individual life business. Fitch
expects a sustained low interest rate environment will create
headwinds and could affect Voya's ability to meaningfully improve
earnings.

GAAP adjusted operating earnings-based interest coverage was 5.5x
in 1H16, down from 7.0x in full-year 2015. Based on estimated
ordinary statutory dividend capacity of $867 billion in 2016, Fitch
estimates Voya's statutory interest coverage will be approximately
4.9x in 2016, down from 5.8x in 2015. This is in excess of Fitch's
median ratio guideline of 3x for an 'A' rated company. Cash and
short-term investments at the holding company were $722 million at
June 30, 2016, in excess of management's target of 24 months
liquidity, or roughly $450 million.

At June 30, 2016, financial leverage was 22.9%, below management's
stated long-term target of 25% and below Fitch's median guideline
of 28% for Voya's current rating. Fitch believes the quality of the
company's common equity is better than peer averages, with minimal
exposure to goodwill and other intangibles.

Fitch considers Voya's aggregate capitalization, including
captives, to be strong for the current rating level. The
consolidated risk-based capital (RBC) ratio for the company's U.S.
insurance subsidiaries was estimated at 461% at June 30, 2016.
Fitch expects reported RBC to remain in the 425% - 450% range over
the intermediate term driven by improved statutory operating
performance offset by distributions to the holding company. Fitch
views Voya's share repurchase program as a more prudent use of
excess capital than acquisitions or rapid growth. Fitch's
expectation is that share repurchase will be funded through
operating earnings and will not result in a material increase in
financial leverage or deterioration in subsidiary capitalization.

Fitch's key rating concerns include the challenges related to the
run-off of Voya's $34 billion closed-block VA book, particularly in
a tail-risk scenario. Fitch notes as positive that the company has
utilized dynamic and macro hedging to mitigate the statutory
capital impact associated with changes in the equity markets and/or
interest rates. However, policyholder behavior assumptions cannot
be hedged and therefore remain a risk. At June 30, 2016, Voya had
$6.8 billion in reserves and capital supporting the closed-block VA
book.

RATING SENSITIVITIES

The key rating triggers that could result in an upgrade include:

   -- Continued growth in operating profitability which leads to
      an improvement in operating ROE to over 11%;

   -- Sustained maintenance of GAAP adjusted operating earnings-
      based interest coverage of more than 10x;

   -- Private sale of closed-block book at good value with boost
      to capitalization and reduction in volatility and risk;

   -- Reported RBC above 450%, and financial leverage below 20%.

The key rating triggers that could result in a downgrade include:

   -- A decline in reported RBC below 375%;

   -- Financial leverage exceeding 30%;

   -- Significant adverse operating results which leads to GAAP
      adjusted operating earnings-based interest coverage below
      6x;

   -- Sustained decline in operating ROE below 6%;

   -- Material reserve charges required in its insurance/variable
      annuity books.

FULL LIST OF RATING ACTIONS

Fitch has affirmed the following ratings with a Stable Outlook:

   Voya Financial, Inc.

   -- Long-Term IDR at 'BBB+';

   -- 5.5% senior notes due July 15, 2022 at 'BBB';

   -- 2.9% senior notes due Feb. 15, 2018 at 'BBB';

   -- 3.65% senior notes due June 15, 2026 at 'BBB';

   -- 5.7% senior notes due July 15, 2043 at 'BBB';

   -- 4.8% senior notes due June 15, 2046 at 'BBB';

   -- 5.65% fixed-to-floating junior subordinated notes due May
      15, 2053 at 'BB+'.

   Voya Retirement Insurance and Annuity Company
   Voya Insurance and Annuity Company
   ReliaStar Life Insurance Company
   ReliaStar Life Insurance Company of New York
   Security Life of Denver Insurance Company

   -- IFS at 'A'.

   Equitable of Iowa Companies, Inc.
  
   -- Long-term IDR at 'BBB+'.

   Equitable of Iowa Companies Capital Trust II

   -- 8.424% Trust Preferred Stock at 'BB+'.

   Peachtree Corners Funding Trust

   -- $500 million of 3.976% pre-capitalized trust securities due  

      2025 at 'BBB'.

   Voya Holdings Inc.

   -- 7.25% senior notes due Aug. 15, 2023 at 'A+';

   -- 7.625% senior notes due Aug. 15, 2026 at 'A+';

   -- 6.97% senior notes due Aug. 15, 2036 at 'A+'.


WALKER III: Seeks Appointment of Ch. 11 Examiner
------------------------------------------------
Walker III-Voss, LLC, asks the United States Bankruptcy Court for
the District of Colorado to enter an order appointing a Chapter 11
Examiner for the administration of its bankruptcy case and for the
preservation of the equity in its real estate.

The Debtor's request for the appointment of an examiner is aimed to
eliminate ongoing complications and distractions in the
administration of its bankruptcy case, to facilitate a prompt
resolution of the proceedings, and to allow performance under a
settlement agreement, which resolves the questions concerning the
Examiner's authority to resolve claims and liquidate assets for the
benefit of creditors.  The Settlement Agreement seeks to expand the
scope of the Examiner Order entered in a jointly administered Case
No. 15-18281 EEB.

         About Walker III - Voss

Walker III - Voss, LLC, filed a Chapter 11 petition (Bankr. D.
Colo. Case No. 15-19428) on August 24, 2015, and is represented by
Harvey Sender, Esq., in Denver, Colorado.

At the time of filing, the Debtor had US$1 million to US$10 million
in estimated assets and S$1 million to US$10 million in estimated
liabilities.

The petition was signed by Craig J. Walker, managing member.

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


WANDA MENDEZ: Unsecureds to Get 0.94% Under Reorg Plan
------------------------------------------------------
Wanda Mendez filed with the U.S. Bankruptcy Court for the Southern
District of Florida an amended disclosure statement in support of
her Plan of Reorganization dated Sept. 16, 2016, which proposes to
make a 0.94% distribution to general unsecured claims.

The Debtor's goal is to generate sufficient income from her self
employment as a sign language translator and interpreter, after
having paid secured claims, administrative claims, and priority
claims, have funds remaining for a distribution to general
unsecured claims.

A full-text copy of the Amended Disclosure Statement dated Sept.
16, 2016 is available at:

         http://bankrupt.com/misc/flsb15-19535-65.pdf

The Debtor's attorney is:

          Chad T. Van Horn, Esq.
          Van Horn Law Group, P.A.
          330 N. Andrews Ave., Suite 450
          Fort Lauderdale, Florida 33301
          Tel No: (954) 765-3166
          Fax No: (954) 756-7103
          E-mail: Chad@cvhlawgroup.com

Wanda Mendez sought bankruptcy protection (Bankr. S.D. Fla. Case
No. 15-19535) on May 27, 2015. The Debtor is an individual who is
the owner and operator of AAA Deaf Corp., a Florida corporation
that provides translation and interpretation services for deaf
individuals.  Ms. Mendez and others under contract with the
corporation, interpret and translate from English and Spanish to
American sign language.  The business was started in 2009.


WASHINGTON ECONOMIC: S&P Lowers Rating on Revenue Bonds to 'BB+'
----------------------------------------------------------------
S&P Global Ratings lowered its long-term rating to 'BB+' from
'BBB+' on the Washington Economic Development Financing Authority's
existing revenue bonds.  The rating remains on CreditWatch, where
it was placed with negative implications on June 3, 2016.

The lowered rating reflects S&P's view of the industry's inherent
volatility, primarily because of the potential fluctuation for
facility demand, its essentiality, and the uncertainty created by
event risks and changes in policy at the federal level.  As a
result of the Aug. 18, 2016 memo by the U.S. Department of Justice
directing the Federal Bureau of Prisons to "reduce and ultimately
end the use of privately operated prisons" based on the assertion
that they do not maintain the same level of safety and security and
do not save substantially on costs relative to facilities operated
by the Federal Bureau of Prisons the Department of Homeland
Security directed a subcommittee to review its current policy and
practices concerning the use of private immigration detention
centers and evaluate whether the practice should be eliminated.  A
potential policy shift could have a significant impact on the
credit quality of the bonds secured by revenues pledged under
contracts with Immigration and Customs Enforcement (ICE) due to the
nature of the federal contracts.  All of the contracts with ICE are
term-limited and subject to renewal and termination.

"While we believe the Department of Justice actions and Department
of Homeland Security subcommittee indicate a potential shift in
federal policy with respect to private detention centers, we are
distinguishing between contracts with the Federal Bureau of Prisons
and ICE," said S&P Global Ratings credit analyst Jenny Poree.
"Further, there is capacity within the FBOP system to transfer
inmates to FBOP operated facilities whereas according to ICE, there
is only capacity to house 11% of the current detainee population in
ICE owned and operated facilities, creating a practical limitation
on the speed and magnitude of potential detainee movement.  We will
continue to monitor the situation and take necessary rating actions
as necessary," Ms. Poree added.

"The CreditWatch action reflects our view of the uncertainty and
potential negative implications stemming from the current
subcommittee's addressing the use of private operators," Ms. Poree
added.


WCI COMMUNITIES: Lennar Merger Deal Prompts Moody's Ratings Review
------------------------------------------------------------------
Moody's Investors Service placed the ratings of WCI Communities,
Inc. under review for upgrade following the announcement that the
company has entered into a definitive merger agreement with Lennar
Corporation. The ratings placed under review include WCI's B3
corporate family rating, B3-PD probability of default rating, and
B3 rating on the company's $250 million 6.875% senior unsecured
notes due 2021.

On September 22, 2016, WCI announced that it had entered into a
definitive merger agreement with Lennar (Ba1, stable), whereby
Lennar would acquire all of WCI's stock in a cash and stock
transaction valued at $643 million. The proposed transaction is
subject to customary closing conditions.

Issuer: WCI Communities, Inc.:

The following ratings were placed under review for upgrade:

   -- B3 corporate family rating;

   -- B3-PD probability of default rating;

   -- B3 (LGD4) rating on $250 million 6.875% senior unsecured
      notes due 2021.

   -- The company's SGL-2 speculative grade liquidity rating is
      unchanged.

RATINGS RATIONALE

The rating action was prompted by the proposed merger of WCI and
Lennar. The review for upgrade reflects Moody's expectations that
WCI and its debt will benefit from being a part of a larger
enterprise with a stronger credit profile.

Moody's review will focus on the integration of the two companies,
potential for guarantee support for WCI's debt, the likelihood of
closing of the transaction and its closing terms and conditions.

The principal methodology used in these ratings was Homebuilding
And Property Development Industry published in April 2015.

WCI Communities, Inc., headquartered in Bonita Springs, is a
Florida-based homebuilder and a developer of master planned
communities. The company focuses on move-up, second home and active
adult buyers, and operates three business segments, including
Homebuilding, Real Estate Services (brokerage and title services),
and Amenities within its communities. In 2015, the company's
average home selling prices reached $466,000. In the last twelve
months ending June 30, 2016, WCI generated approximately $621
million in revenues.

Lennar Corporation, founded in 1954 and headquartered in Miami,
Florida, is the country's second largest homebuilder. The company
operates in 17 states and specializes in the sale of single-family
homes for first-time, move-up, and active adult buyers under the
Lennar brand name. Lennar's Financial Services segment provides
mortgage financing, title insurance and closing services for both
buyers of the company's homes and others. Lennar's Rialto segment
is a vertically integrated asset management platform focused on
investing throughout the commercial real estate capital structure.
Lennar's Multifamily segment is a national developer of multifamily
rental properties. Total revenues, including those of its Rialto,
Multi-family, and Financial Services segments for the twelve months
ending May 31, 2016, were approximately $10.2 billion.




WEEKLEY HOMES: S&P Lowers CCR to 'B+', Outlook Stable
-----------------------------------------------------
S&P Global Ratings said that it lowered its corporate credit rating
on Houston-based Weekley Homes LLC to 'B+' from 'BB-', and the
outlook is stable.  In conjunction, S&P lowered the issue-level
rating on the company's senior unsecured notes, which mature in
February 2023, to 'B+' from 'BB-'.  The recovery rating on these
notes is '3', indicating S&P's expectation for a meaningful (low
end of the 50%-70% range) recovery to debtholders in the event of
default.

S&P lowered the ratings because of the gradual decline in
profitability and rise in total debt over the last two years,
causing debt leverage to climb to 5.5x for the 12 months ended June
30, 2016.  Along with leverage, many of the company's other key
credit metrics have deteriorated to a level S&P considers
consistent with a financial risk profile of aggressive.  S&P
previously assessed Weekley one level stronger at significant.
Rising land and construction costs as well as higher overhead
associated with the company's rapid community expansion, paired
with increasing usage of the company's revolving debt facilities,
have driven leverage higher.  S&P expects this trend to moderate
over the next 12 months and have seen positive closing growth in
the first half of 2016.

"Our assessment of Weekley's business-risk profile as fair reflects
its participation in the cyclical U.S. homebuilding industry, which
we view as having moderately high industry risk and very low
country risk.  We also assess the company's competitive position as
fair based on the operational flexibility afforded by its
asset-lite approach to land acquisition.  The company delivered
3,355 homes in the 12 months ended June 30, 2016, ranking it
smaller than many of its rated peers.  Weekley is active in 22
markets, with a large concentration in Texas and Florida.  Although
the company participates in the entry-level and custom home
markets, it is primarily focused on the move-up demographic.
Through its asset-lite strategy, the company acquires a vast
majority of its land inventory by entering lot option agreements,
which allows the company to turn inventory faster and hold less
land on its balance sheet relative to peers that buy raw land for
development.  Weekley's strategy allows it to scale down inventory
more rapidly in a housing market downturn. Profitability metrics
have slowly declined for most rated builders over the past few
years, but the effects have been more pronounced for Weekley, as
its expansion into new markets and fast community count growth have
led to escalated overhead as a percentage of revenues.  Overall, we
still consider the company's profitability as average for a
homebuilder," S&P said.

"Our assessment of Weekley Homes' financial risk profile as
aggressive is driven by our forecast of gradually improving credit
metrics over the next 18 months.  Specifically, we project debt to
EBITDA returning to 4x-5x, funds from operations (FFO) to debt of
12%-20%, and EBITDA interest coverage above 4x for fiscal 2017.
Growth in selling communities has accelerated over the past 18
months to 178 from 136; however, delays in land development sparked
a weak fourth quarter for closings in 2015.  We expect continued
sales growth driven by these newer communities gaining traction and
improving absorption rates, along with higher backlog conversion
relative to last year, to stimulate healthy volume growth for 2016
and 2017.  In terms of adjusted homebuilding gross margins, our
forecast contemplates flat to slightly higher margins relative to
the first half of 2016.  We believe Weekley will continue to rely
on its revolving credit lines to help fund working capital and land
spending, but that balances will come down over time as closings
pick up and selling, general, and administrative (SG&A) leverage
improves," S&P noted.

S&P's 'B+' corporate credit rating also takes into account the
negative comparable rating analysis assessment, which S&P uses for
Weekley because of its smaller size and market share, and weaker
EBITDA margin relative to industry peers at the 'BB-' rating, such
as TRI Pointe Homes Inc., Meritage Homes Corp., and Taylor Morrison
Home Corp.  Weekley also has high debt leverage relative to these
peers, and a higher geographic concentration to the Houston market
that has hurt results over the past 18 months.

Liquidity

S&P views Weekley Homes' liquidity to be adequate because of S&P's
expectations for sources of cash to exceed uses over the next 12
months by at least a factor of 1.2x.  The primary sources and uses
considered in S&P's assessment are detailed below and consider a
12-month horizon beginning after June 30, 2016.

   -- Unrestricted cash balance of $12.7 million.
   -- Approximately $225 million of undrawn available funds from
      revolving credit lines, all maturing beyond a 12-month
      horizon.
   -- S&P's forecast of $120 million EBTIDA over the next 12
      months.
   -- Peak seasonal working capital deficit similar to prior
      years, which includes funds used for land acquisitions.
   -- S&P assumes minimal capital expenditures, consistent with
      prior years.
   -- S&P assumes the company will continue to make distributions
      to its owners.

S&P's stable outlook reflects its expectation that Weekley's
leverage will improve to 4x-5x over the next 12 months with
moderate community count growth and solid backlog conversion, and
our forecast for homebuilding gross margins to be flat to slightly
higher relative to the first half of fiscal 2016.  Beginning in
2017, S&P's forecast also expects the company's overhead leverage
to improve as home sale volume increases.

S&P could take a negative rating action in the event that its
forecast leverage improvement does not materialize and
profitability continues to deteriorate such that S&P believes debt
to EBITDA will remain above 5.0x.  This may be a result of
prolonged weakness in the Houston market and its impact on the
company, or if gross margins come in weaker than S&P's forecast.

Although S&P views it as unlikely within the 12-month horizon, it
may consider a positive rating action if sales, closings, and gross
margins prove materially stronger than S&P's forecast, allowing the
company to reduce total debt and push leverage down to below 4x
debt to EBITDA.


WESTMORELAND COAL: Joined Credit Suisse 2016 Conference
-------------------------------------------------------
Westmoreland Coal Company participated at the Credit Suisse 2016
Global Credit Products Conference held on Sept. 21, 2016.  The
investor presentation is available for free at:

                    https://is.gd/jDSHss

                    About Westmoreland Coal

Colorado Springs, Colo.-based Westmoreland Coal Company (NYSE
AMEX: WLB) -- http://www.westmoreland.com/-- is the oldest        

independent coal company in the United States.  The Company's coal
operations include coal mining in the Powder River Basin in
Montana and lignite mining operations in Montana, North Dakota and
Texas.  Its power operations include ownership of the two-unit
ROVA coal-fired power plant in North Carolina.

Westmoreland reported a net loss applicable to common shareholders
of $203.31 million on $1.41 billion of revenues for the year ended
Dec. 31, 2015, compared to a net loss applicable to common
shareholders of $173.11 million on $1.11 billion of revenues for
the year ended Dec. 31, 2014.

As of June 30, 2016, Westmoreland Coal had $1.74 billion in total
assets, $2.31 billion in total liabilities and a $573.11 million
total deficit.

                            *     *     *

As reported by the TCR on Nov. 20, 2014, Standard & Poor's Rating
Services raised its corporate credit rating on Westmoreland Coal
Co. one-notch to 'B' from 'B-'.  "The stable outlook is supported
by Westmoreland's committed sales position over the next year,
which should result in stable cash flows," said Standard & Poor's
credit analyst Chiza Vitta.

Moody's upgraded the corporate family rating (CFR) of Westmoreland
Coal Company to 'B3' from 'Caa1', and assigned 'Caa1' rating to
the company's proposed new $300 million First Lien Term Loan, the
TCR reported on Nov. 20, 2014.  The upgrade of the CFR reflects the
company's successful integration of the Canadian mines acquired in
April 2014, and Moody's expectation that the company's Debt/ EBITDA
will track at around 5x in 2015 and 2016 and that the company will
be break-even to modestly free cash flow positive over the same
time period.


WESTPORT HOLDINGS: Case Summary & 20 Largest Unsecured Creditors
----------------------------------------------------------------
Debtor affiliates filing separate Chapter 11 bankruptcy petitions:

      Debtor                                        Case No.
      ------                                        --------
      Westport Holdings Tampa, Limited Partnership  16-08167
          dba University Village
      Partnership 16-08168-MGW
      7100 W. Camino Real St.
      Suite 303, Office B
      Boca Raton, FL 33433

      Westport Holdings Tampa II,                   16-08168
      Limited Partnership
          dba The Villas at University Village
      7100 W. Camino Real St.
      Suite 303, Office B
      Boca Raton, FL 33433

Type of Business: Health Care

Chapter 11 Petition Date: September 22, 2016

Court: United States Bankruptcy Court
       Middle District of Florida (Tampa)

Judge: Hon. Michael G. Williamson

Debtors' Counsel: Stephen R Leslie, Esq.
                  STICHTER, RIEDEL, BLAIN & POSTLER, P.A.
                  110 East Madison Street, Suite 200
                  Tampa, FL 33602-4700
                  Tel: 813-229-0144
                  E-mail: sleslie.ecf@srbp.com

                      - and -

                  Scott A. Stichter, Esq.
                  STICHTER, RIEDEL, BLAIN & POSTLER, P.A.
                  110 E. Madison Street, Suite 200
                  Tampa, FL 33602-4700
                  Tel: 813-229-0144
                  Fax: 813-229-1811
                  E-mail: sstichter.ecf@srbp.com

                                      Estimated    Estimated
                                        Assets    Liabilities
                                      ---------   -----------
Westport Holdings Tampa               $10M-$50M   $10M-$50M
Westport Holdings Tampa II            $0-$50K     $1M-$10M

The petitions were signed by Eli Freiden, manager of IMH
Healthcare, LLC, general partner.

Westport Holdings Tampa's List of 20 Largest Unsecured Creditors:

   Entity                          Nature of Claim   Claim Amount
   ------                          ---------------   ------------
Airtech                                                $161,697

Seiu National Industry                                 $120,435    
       
Pension Fund

Novum Management Group                                 $112,500

Manasota Flooring, Inc.                                $107,977

Florida Department of                                   $92,103
Financial Services

Clifton Larson Allen                                    $90,551

The Home Depot - Northgate                              $80,896

Express Services, Inc.                                  $69,594

Tampa Electric                                          $63,435

First Insurance Funding Inc.                            $53,883

Eclipse Networks, Inc.                                  $53,285

Lamn, Krielow, Dytrych & Co.                            $52,840

TALF, Inc.                                              $51,447

US Foodservice                                          $50,993

E Bs Painting Services, LLC                             $50,765

Bright House Networks                                   $43,958

TR & SNF, Inc.                                          $43,627

Masterpiece Living                                      $38,007

Team Construction Services, LLC                         $35,058

HD Supply                                               $33,219


WHITESBURG REALTY: Seeks to Use Cash Collateral Through Oct. 31
---------------------------------------------------------------
Whitesburg Realty, LLC asks the U.S. Bankruptcy Court for the
Eastern District of Kentucky for authorization to continue using
Cash Collateral from Oct. 1, 2016, through Oct. 31, 2016.

The Debtor relates that the Court has previously sustained and
entered the Interim Order, now final, further extending use through
on Sept. 30, 2016, and there has been, and the Debtor believes that
there will continue to be, no material net deterioration of the
Cash Collateral Creditor's interest in the Cash Collateral.  

The Debtor tells the Court that without the continued use of the
cash collateral, it will be unable to continue to operate its
business for more than a short period of time.

The Debtor contends that the Cash Collateral Creditor's interests
in the Cash Collateral will be adequately protected because the
Cash Collateral will be used to maintain, protect and preserve the
Collateral and make adequate protection payments to the Cash
Collateral Creditor, and there will be no net erosion of the Cash
Collateral Creditor’s secured interest in the Cash Collateral.

The Debtor's proposed Budget provides for total operating expenses
in the amount of $27,704.05 and total owner/capital expenditures in
the amount of $22,596.11.

The Debtor proposes a carve-out for U.S. Trustee fees, as well as
legal fees for the Debtor's counsel in the amount of $5,000.

A full-text copy of the Debtor's Motion, dated September 13, 2016,
is available at https://is.gd/853swv a

A full-text copy of the Debtor's proposed budget, dated September
13, 2016, is available at https://is.gd/C1ZULn


                   About Whitesburg Realty, LLC.

Whitesburg Realty, LLC filed a chapter 11 petition (Bankr. E.D. Ky.
Case No. 16-50721) on April 13, 2016.  The petition was signed by
Jeffrey C. Ruttenberg, member.  The Debtor is represented by Jamie
L. Harris, Esq., at Delcotto Law Group PLLC.  

The Debtor estimated assets of $1 million to $10 million and debts
of $1 million to $10 million.  The Debtor listed Wyatt, Tarrant &
Combs, LLP as its largest unsecured creditor holding a claim of
$10,000.

No trustee or examiner has been appointed in this Chapter 11 case,
and no creditors' committee or other official committee has been
appointed.


YAKH LLC: Use of Cash Collateral Moot
-------------------------------------
Judge Frank J. Bailey of the U.S. Bankruptcy Court for the District
of Massachusetts declared YAKH LLC's use of cash collateral as moot
as the Court had ordered the appointment of a Chapter 11 Trustee.


                        About YAKH LLC.

YAKH LLC filed a Chapter 11 petition (Bankr. D. Mass. Case No.
16-12304), on June 15, 2016.  The petition was signed by Vladislav
Yanovsky, managing director.  The Debtor is represented by Paul
Feldman at the Law Offices of Paul Feldman.  At the time of filing,
the Debtor estimated assets and liabilities at $500,000 to $
million each.  


YASHAMAR INC: Starmax Offers $2.4M for Comfort Inns in Porter
-------------------------------------------------------------
Yashamar, Inc., asks the U.S. Bankruptcy Court for the Northern
District of Indiana to authorize the sale of its 70 room Comfort
Inns hotel located in Porter, Indiana ("Hotel") to Starmax
Hospitality, Inc. for $2,400,000.

The Debtor and the Buyer entered to Purchase Agreement for
Commercial Real Estate ("Sale Agreement") dated Aug. 31, 2016 for
the purchase of the hotel.

A copy of the Sale Agreement is available for free at:

http://bankrupt.com/misc/Yashamar_Inc_85_Sales.pdf

The Hotel was built in 2009 for approximately $5,500,000.  IPD
Hospitality was hired by the Debtor to manage the daily operation
of the hotel after construction began but before the hotel was
open.  Immediately upon being hired IPD advised the Debtor that the
location would not support an investment the size of this one.

Revenue from operations, although steadily growing, has never been
sufficient to cash flow operating costs and debt service.  As a
result, the principals of the Debtor have contributed just under
$2,000,000 to fund operating cash shortfalls since the Hotel
opened.

The Debtor believes the best result for creditors in the situation
is to engage in an orderly market sale of the asset.  Upon closing
such sale, proceeds will be paid in accordance with the priority of
liens, and it is not expected that creditors other than Centier
Bank will receive proceeds.

As of the Petition Date, these were the secured claims and property
taxes due and owing and secured by liens on the real estate:

          a. First Priority: Porter County Treasurer - $20,794
          b. Second Priority: Centier Bank - $2,266,000
          c. Third Priority: SBA - $1,314,000

There is no equity in the Hotel so it is necessary to surcharge
creditors' collateral for the costs of the sale including Debtor's
counsel's fees.  The Debtor proposes to surcharge each secured
creditor a pro rata portion of those expenses based on the net
proceeds to be received from the sale.  It appears that only
Centier Bank will receive any proceeds from the sale so it will
bear the costs of such surcharge.

The Debtor does not have the time or access to capital to make the
Hotel a profitable enterprise that will generate money for the
bankruptcy estate.  As a result, Debtor believes that an orderly
liquidation of the Hotel will benefit both the Debtor and the
bankruptcy estate.  The Debtor has entered into the Sale Agreement,
which provides for a total purchase price of $2,400,000, after
diligent effort to obtain the highest return to the estate from its
sale.

Time is of the essence.  The Sale Agreement requires a closing of
the transaction within 30 days of acceptance.  Accordingly, the
Debtor requests that the Court waives the 14-day stay period under
Bankruptcy Rules 6004(h).

Yashamar, Inc., filed a Chapter 11 petition (Bankr. N.D. Ind. Case
No. 16-20264) on Feb. 11, 2016.  The petition was signed by Ramesh
Savani, president.  Hon. Philip J. Klingeberger is the case judge.

K.C. Cohen, Esq., at KC Cohen, Lawyer, PC, serves as counsel.  The
Debtor disclosed $2.27 million in assets and $3.74 million in
liabilities.


YORK RISK: S&P Affirms 'B-' Longterm CCR, Outlook Stable
--------------------------------------------------------
S&P Global Ratings said that it affirmed its 'B-' long-term
corporate credit rating on York Risk Services Group Inc.  At the
same time, S&P assigned its 'B-' long-term corporate credit rating
to the ultimate parent company York Risk Services Holding Corp.
(together, York) for administrative purposes, as the group's
financials are reported under this entity.  The outlook is stable.

S&P is also affirming its 'B-' debt ratings on York's $100 million
revolver and $615 million term loan.  The recovery ratings on these
issues remain '3', indicating that lenders could expect a
meaningful (50%-70%) recovery (in the lower half of the range) in
the event of payment default.  In addition, S&P affirmed its 'CCC'
debt rating on York's $315 million senior unsecured notes.  The
recovery rating on this issue remains '6', indicating that lenders
could expect negligible (0%-10%) recovery in the event of payment
default.

"The 'B-' rating on York is based on the company's business
underperformance versus our expectations since our rating
assignment in 2014 and its elevated leverage  metrics," said S&P
Global Ratings credit analyst James Sung.  York Risk Services, a
leading third-party administrator and managed care provider for
workers' compensation and property/casualty insurance, grew rapidly
through organic and acquisitive growth during the past several
years.  However, we believe this growth contributed to its
execution and integration issues in 2015 and early 2016 (leading to
our downgrade in May 2016).  York also lost several sizable clients
in 2014 and 2015, which created revenue and operating cost
headwinds for 2016.  However, we believe the company has stabilized
somewhat through the first half of 2016, as it reported modest low
single-digit revenue growth and EBITDA improvement.  The company
recently hired a new chief financial officer with an
operation-focused background," S&P noted.

The stable outlook on York reflects S&P's view that the company
will continue to focus on improving revenue growth and creating
operational efficiencies throughout the business.  S&P expects
leverage and coverage metrics to remain weak and do not expect a
change in financial policy.  S&P expects adjusted debt-to-EBITDA of
9.0x-10.0x in 2016 and 8.5x-9.0x in 2017 and EBITDA interest
coverage of 1.5x-2.0x in 2016-2017.

S&P would consider a downgrade in the next 12 months if the
company's business deteriorates further such that the capital
structure becomes unsustainable.  The downgrade scenario could
include significant key business losses, higher-than-expected
operating costs, or acquisition/integration issues.  In addition, a
downgrade could be triggered if the debt-to-EBITDA ratio
deteriorates further and EBITDA interest coverage falls below 1.5x,
or if the company's liquidity becomes constrained such that
liquidity sources fail to cover at least 1.2x of required liquidity
uses.

Although S&P believes this is unlikely in the next 12 months, any
upside would depend on a less-aggressive financial policy as
reflected by a stronger commitment to deleveraging.  Key financial
targets include lower sustainable leverage (below 7x) and stronger
EBITDA coverage (meaningfully above 2x).


[^] BOND PRICING: For the Week from Sept. 19 to 23, 2016
--------------------------------------------------------
  Company                   Ticker  Coupon Bid Price   Maturity
  -------                   ------  ------ ---------   --------
A. M. Castle & Co           CAS      7.000    58.125 12/15/2017
ACE Cash Express Inc        AACE    11.000    50.250   2/1/2019
ACE Cash Express Inc        AACE    11.000    50.500   2/1/2019
Affinion Investments LLC    AFFINI  13.500    48.125  8/15/2018
American Eagle Energy Corp  AMZG    11.000    13.438   9/1/2019
American Eagle Energy Corp  AMZG    11.000    13.375   9/1/2019
American Gilsonite Co       AMEGIL  11.500    71.000   9/1/2017
American Gilsonite Co       AMEGIL  11.500    71.125   9/1/2017
Amyris Inc                  AMRS     6.500    33.358  5/15/2019
Arch Coal Inc               ACI      7.000     4.750  6/15/2019
Arch Coal Inc               ACI      7.250     4.750  6/15/2021
Arch Coal Inc               ACI      7.250     5.125  10/1/2020
Arch Coal Inc               ACI      8.000     2.750  1/15/2019
Arch Coal Inc               ACI      9.875     2.097  6/15/2019
Arch Coal Inc               ACI      8.000     3.352  1/15/2019
Armstrong Energy Inc        ARMS    11.750    39.000 12/15/2019
Armstrong Energy Inc        ARMS    11.750    38.750 12/15/2019
Aurora Diagnostics
  Holdings LLC /
  Aurora Diagnostics
  Financing Inc             ARDX    10.750    57.875  1/15/2018
Avaya Inc                   AVYA    10.500    23.500   3/1/2021
Avaya Inc                   AVYA    10.500    30.250   3/1/2021
BPZ Resources Inc           BPZR     6.500     3.017   3/1/2015
BPZ Resources Inc           BPZR     6.500     3.017   3/1/2049
Basic Energy Services Inc   BAS      7.750    37.019  2/15/2019
Caesars Entertainment
  Operating Co Inc          CZR     12.750    54.000  4/15/2018
Caesars Entertainment
  Operating Co Inc          CZR      5.750    40.625  10/1/2017
Caesars Entertainment
  Operating Co Inc          CZR      5.750    12.250  10/1/2017
Chassix Holdings Inc        CHASSX  10.000     8.000 12/15/2018
Chassix Holdings Inc        CHASSX  10.000     8.000 12/15/2018
Chukchansi Economic
  Development Authority     CHUKCH   9.750    50.000  5/30/2020
Citigroup Inc               C        2.000    98.854  9/30/2016
Claire's Stores Inc         CLE      8.875    19.000  3/15/2019
Claire's Stores Inc         CLE     10.500    50.000   6/1/2017
Claire's Stores Inc         CLE      7.750    15.250   6/1/2020
Claire's Stores Inc         CLE      7.750    14.000   6/1/2020
Community Choice
  Financial Inc             CCFI    10.750    49.000   5/1/2019
Copano Energy LLC /
  Copano Energy
  Finance Corp              KMI      7.125   103.318   4/1/2021
Creditcorp                  CRECOR  12.000    40.000  7/15/2018
Creditcorp                  CRECOR  12.000    40.000  7/15/2018
Cumulus Media Holdings Inc  CMLS     7.750    40.625   5/1/2019
DJO Finance LLC /
  DJO Finance Corp          ENMC     9.750    81.941 10/15/2017
Delphi Corp                 DLPH     5.000   106.411  2/15/2023
DynCorp International Inc   DCP     10.375    77.875   7/1/2017
EPL Oil & Gas Inc           EXXI     8.250    15.000  2/15/2018
EXCO Resources Inc          XCO      7.500    48.750  9/15/2018
Eagle Rock Energy
  Partners LP / Eagle
  Rock Energy
  Finance Corp              EROC     8.375    45.383   6/1/2019
Endeavour
  International Corp        END     12.000     1.000   6/1/2018
Endeavour
  International Corp        END     12.000     1.017   3/1/2018
Endeavour
  International Corp        END     12.000     1.017   3/1/2018
Energy Conversion
  Devices Inc               ENER     3.000     7.875  6/15/2013
Energy Future
  Holdings Corp             TXU     11.250    54.125  11/1/2017
Energy Future
  Holdings Corp             TXU      9.750    36.000 10/15/2019
Energy Future
  Holdings Corp             TXU     10.875    54.125  11/1/2017
Energy Future
  Holdings Corp             TXU     10.875    54.125  11/1/2017
Energy Future
  Intermediate Holding
  Co LLC / EFIH
  Finance Inc               TXU     10.000     3.847  12/1/2020
Energy Future
  Intermediate Holding
  Co LLC / EFIH
  Finance Inc               TXU     10.000     4.250  12/1/2020
Energy Future
  Intermediate Holding
  Co LLC / EFIH
  Finance Inc               TXU      9.750    30.000 10/15/2019
Energy XXI Gulf Coast Inc   EXXI    11.000    40.250  3/15/2020
Energy XXI Gulf Coast Inc   EXXI     9.250    11.000 12/15/2017
Energy XXI Gulf Coast Inc   EXXI     6.875    10.750  3/15/2024
Energy XXI Gulf Coast Inc   EXXI     7.750    10.500  6/15/2019
Energy XXI Gulf Coast Inc   EXXI     7.500    10.125 12/15/2021
Erickson Inc                EAC      8.250    44.625   5/1/2020
Evergreen Solar Inc         ESLR     4.000     0.495  7/15/2013
FBOP Corp                   FBOPCP  10.000     1.843  1/15/2009
FXCM Inc                    FXCM     2.250    45.000  6/15/2018
FairPoint
  Communications Inc/Old    FRP     13.125     1.879   4/2/2018
Federal Home Loan Banks     FHLB     2.200    99.438  1/10/2023
Federal Home Loan Banks     FHLB     2.000   100.135  3/30/2022
Federal Home Loan Banks     FHLB     1.850    99.518  9/30/2021
Federal Home Loan Banks     FHLB     2.850    99.497  3/30/2026
Federal Home Loan
  Mortgage Corp             FHLMC    1.800    99.586  3/30/2021
Federal Home Loan
  Mortgage Corp             FHLMC    1.800    99.586  3/30/2021
Federal Home Loan
  Mortgage Corp             FHLMC    1.700    99.457 12/30/2020
Federal Home Loan
  Mortgage Corp             FHLMC    1.650    99.556  9/30/2020
Fleetwood Enterprises Inc   FLTW    14.000     3.557 12/15/2011
Forbes Energy Services Ltd  FES      9.000    22.490  6/15/2019
GenOn Energy Inc            GENONE   7.875    81.871  6/15/2017
Goodman Networks Inc        GOODNT  12.125    49.750   7/1/2018
Goodrich Petroleum Corp     GDPM     8.875     1.000  3/15/2019
Goodrich Petroleum Corp     GDPM     8.875    14.500  3/15/2018
Goodrich Petroleum Corp     GDPM     8.875    13.750  3/15/2018
Goodrich Petroleum Corp     GDPM     8.875     0.634  3/15/2019
Goodrich Petroleum Corp     GDPM     8.875     0.634  3/15/2019
Horsehead Holding Corp      ZINC    10.500    80.500   6/1/2017
Horsehead Holding Corp      ZINC     9.000    19.875   6/1/2017
Horsehead Holding Corp      ZINC    10.500    80.500   6/1/2017
Horsehead Holding Corp      ZINC    10.500    80.500   6/1/2017
Illinois Power
  Generating Co             DYN      7.000    37.461  4/15/2018
Illinois Power
  Generating Co             DYN      6.300    37.108   4/1/2020
Iracore International
  Holdings Inc              IRACOR   9.500    52.000   6/1/2018
Iracore International
  Holdings Inc              IRACOR   9.500    52.000   6/1/2018
IronGate Energy
  Services LLC              IRONGT  11.000    22.500   7/1/2018
IronGate Energy
  Services LLC              IRONGT  11.000    22.750   7/1/2018
IronGate Energy
  Services LLC              IRONGT  11.000    23.375   7/1/2018
IronGate Energy
  Services LLC              IRONGT  11.000    23.375   7/1/2018
Kellwood Co                 KWD      7.625    60.100 10/15/2017
Key Energy Services Inc     KEGX     6.750    27.500   3/1/2021
Las Vegas Monorail Co       LASVMC   5.500     4.023  7/15/2019
Lehman Brothers
  Holdings Inc              LEH      2.070     3.874  6/15/2009
Lehman Brothers
  Holdings Inc              LEH      5.000     3.874   2/7/2009
Lehman Brothers
  Holdings Inc              LEH      2.000     3.874   3/3/2009
Lehman Brothers
  Holdings Inc              LEH      1.500     3.874  3/29/2013
Lehman Brothers
  Holdings Inc              LEH      1.600     3.874  11/5/2011
Lehman Brothers
  Holdings Inc              LEH      4.000     3.874  4/30/2009
Lehman Brothers Inc         LEH      7.500     1.226   8/1/2026
Liberty Interactive LLC     LINTA    1.000    86.480  9/30/2043
Light Tower Rentals Inc     LHTTWR   8.125    45.500   8/1/2019
Light Tower Rentals Inc     LHTTWR   8.125    43.000   8/1/2019
Linc USA GP / Linc Energy
  Finance USA Inc           LNCAU    9.625    21.375 10/31/2017
Linn Energy LLC / Linn
  Energy Finance Corp       LINE     8.625    23.000  4/15/2020
Linn Energy LLC / Linn
  Energy Finance Corp       LINE     6.500    25.500  5/15/2019
Linn Energy LLC / Linn
  Energy Finance Corp       LINE    12.000    44.250 12/15/2020
Linn Energy LLC / Linn
  Energy Finance Corp       LINE     6.250    23.250  11/1/2019
Linn Energy LLC / Linn
  Energy Finance Corp       LINE     7.750    24.000   2/1/2021
Linn Energy LLC / Linn
  Energy Finance Corp       LINE     6.500    22.625  9/15/2021
Linn Energy LLC / Linn
  Energy Finance Corp       LINE     6.250    23.000  11/1/2019
Linn Energy LLC / Linn
  Energy Finance Corp       LINE     6.250    23.000  11/1/2019
Logan's Roadhouse Inc       LGNS    10.750     2.750 10/15/2017
Lumbermens Mutual
  Casualty Co               KEMPER   9.150     0.608   7/1/2026
MF Global Holdings Ltd      MF       3.375    21.000   8/1/2018
MModal Inc                  MODL    10.750    10.125  8/15/2020
Midstates Petroleum
  Co Inc / Midstates
  Petroleum Co LLC          MPO     10.750     4.500  10/1/2020
Midstates Petroleum
  Co Inc / Midstates
  Petroleum Co LLC          MPO      9.250     3.625   6/1/2021
Midstates Petroleum
  Co Inc / Midstates
  Petroleum Co LLC          MPO     12.000    11.250   6/1/2020
Midstates Petroleum
  Co Inc / Midstates
  Petroleum Co LLC          MPO     10.750     2.889  10/1/2020
Midstates Petroleum
  Co Inc / Midstates
  Petroleum Co LLC          MPO     10.750     2.889  10/1/2020
Modular Space Corp          MODSPA  10.250    41.493  1/31/2019
Modular Space Corp          MODSPA  10.250    41.500  1/31/2019
Nine West Holdings Inc      JNY      8.250    17.000  3/15/2019
Nine West Holdings Inc      JNY      6.125    15.810 11/15/2034
Nine West Holdings Inc      JNY      6.875    17.056  3/15/2019
Nine West Holdings Inc      JNY      8.250    14.750  3/15/2019
Nuverra Environmental
  Solutions Inc             NESC     9.875    17.000  4/15/2018
OMX Timber Finance
  Investments II LLC        OMX      5.540    12.175  1/29/2020
Optima Specialty Steel Inc  OPTSTL  12.500    88.500 12/15/2016
Optima Specialty Steel Inc  OPTSTL  12.500    85.875 12/15/2016
Orexigen Therapeutics Inc   OREX     2.750    27.688  12/1/2020
Peabody Energy Corp         BTU      6.000    24.438 11/15/2018
Peabody Energy Corp         BTU      6.250    24.750 11/15/2021
Peabody Energy Corp         BTU      6.500    24.625  9/15/2020
Peabody Energy Corp         BTU      4.750     1.750 12/15/2041
Peabody Energy Corp         BTU      6.000    13.125 11/15/2018
Peabody Energy Corp         BTU      6.000    24.250 11/15/2018
Peabody Energy Corp         BTU      6.250    24.375 11/15/2021
Peabody Energy Corp         BTU      6.250    24.375 11/15/2021
Permian Holdings Inc        PRMIAN  10.500    29.125  1/15/2018
Permian Holdings Inc        PRMIAN  10.500    29.125  1/15/2018
Pernix Therapeutics
  Holdings Inc              PTX      4.250    27.568   4/1/2021
Pernix Therapeutics
  Holdings Inc              PTX      4.250    27.568   4/1/2021
PetroQuest Energy Inc       PQ      10.000    68.875   9/1/2017
Prospect Holding
  Co LLC / Prospect
  Holding Finance Co        PRSPCT  10.250    42.500  10/1/2018
Prospect Holding
  Co LLC / Prospect
  Holding Finance Co        PRSPCT  10.250    42.000  10/1/2018
Rex Energy Corp             REXX     8.875    40.000  12/1/2020
Rolta LLC                   RLTAIN  10.750    17.750  5/16/2018
SAExploration Holdings Inc  SAEX    10.000    46.250  7/15/2019
Samson Investment Co        SAIVST   9.750     3.750  2/15/2020
SandRidge Energy Inc        SD       8.750    35.500   6/1/2020
SandRidge Energy Inc        SD       7.500     6.625  3/15/2021
SandRidge Energy Inc        SD       8.125     6.313 10/15/2022
SandRidge Energy Inc        SD       8.750     6.313  1/15/2020
SandRidge Energy Inc        SD       7.500     5.750  2/15/2023
SandRidge Energy Inc        SD       8.750    40.500   6/1/2020
SandRidge Energy Inc        SD       8.125     6.125 10/16/2022
SandRidge Energy Inc        SD       7.500     6.125  2/16/2023
SandRidge Energy Inc        SD       7.500     6.125  3/15/2021
SandRidge Energy Inc        SD       7.500     6.125  3/15/2021
Sequa Corp                  SQA      7.000    34.250 12/15/2017
Sequa Corp                  SQA      7.000    34.000 12/15/2017
Sidewinder Drilling Inc     SIDDRI   9.750     2.426 11/15/2019
Sidewinder Drilling Inc     SIDDRI   9.750     2.426 11/15/2019
Speedy Group Holdings Corp  SPEEDY  12.000    39.500 11/15/2017
Speedy Group Holdings Corp  SPEEDY  12.000    39.250 11/15/2017
Stone Energy Corp           SGY      1.750    53.750   3/1/2017
SunEdison Inc               SUNE     5.000    52.500   7/2/2018
SunEdison Inc               SUNE     2.000     6.000  10/1/2018
SunEdison Inc               SUNE     3.375     6.625   6/1/2025
SunEdison Inc               SUNE     2.375     6.375  4/15/2022
SunEdison Inc               SUNE     2.750     6.375   1/1/2021
SunEdison Inc               SUNE     0.250     6.625  1/15/2020
SunEdison Inc               SUNE     2.625     6.625   6/1/2023
TMST Inc                    THMR     8.000    14.000  5/15/2013
Talos Production LLC /
  Talos Production
  Finance Inc               TALPRO   9.750    45.625  2/15/2018
Talos Production LLC /
  Talos Production
  Finance Inc               TALPRO   9.750    45.625  2/15/2018
TerraVia Holdings Inc       TVIA     6.000    55.097   2/1/2018
Terrestar Networks Inc      TSTR     6.500    10.000  6/15/2014
TetraLogic
  Pharmaceuticals Corp      TLOG     8.000     4.250  6/15/2019
Texas Competitive Electric
  Holdings Co LLC /
  TCEH Finance Inc          TXU     11.500    31.500  10/1/2020
Texas Competitive Electric
  Holdings Co LLC /
  TCEH Finance Inc          TXU     10.250     6.895  11/1/2015
Texas Competitive Electric
  Holdings Co LLC /
  TCEH Finance Inc          TXU     15.000     6.850   4/1/2021
Texas Competitive Electric
  Holdings Co LLC /
  TCEH Finance Inc          TXU     10.250     6.895  11/1/2015
Texas Competitive Electric
  Holdings Co LLC /
  TCEH Finance Inc          TXU     11.500    31.125  10/1/2020
Texas Competitive Electric
  Holdings Co LLC /
  TCEH Finance Inc          TXU     15.000     6.800   4/1/2021
Texas Competitive Electric
  Holdings Co LLC /
  TCEH Finance Inc          TXU     10.250     6.750  11/1/2015
Toys R Us Inc               TOY     10.375   101.728  8/15/2017
Triangle USA
  Petroleum Corp            TPLM     6.750    23.000  7/15/2022
Triangle USA
  Petroleum Corp            TPLM     6.750    22.750  7/15/2022
UCI International LLC       UCII     8.625    22.625  2/15/2019
Venoco Inc                  VQ       8.875     1.680  2/15/2019
Verso Paper Holdings
  LLC / Verso Paper Inc     VRS     11.750    17.000  1/15/2019
Verso Paper Holdings
  LLC / Verso Paper Inc     VRS     11.750    17.000  1/15/2019
Violin Memory Inc           VMEM     4.250    32.000  10/1/2019
W&T Offshore Inc            WTI      8.500    36.250  6/15/2019
Walter Energy Inc           WLTG     9.500     0.010 10/15/2019
Walter Energy Inc           WLTG     9.500     6.750 10/15/2019
Walter Energy Inc           WLTG     9.500     6.750 10/15/2019
Walter Energy Inc           WLTG     9.500     6.750 10/15/2019
Warren Resources Inc        WRES     9.000     1.091   8/1/2022
Warren Resources Inc        WRES     9.000     1.091   8/1/2022
Warren Resources Inc        WRES     9.000     1.091   8/1/2022
Windstream Services LLC     WIN      7.875   106.250  11/1/2017
iHeartCommunications Inc    IHRT    10.000    60.000  1/15/2018
rue21 inc                   RUE      9.000    35.250 10/15/2021
rue21 inc                   RUE      9.000    34.000 10/15/2021


                            *********

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
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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
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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
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The TCR subscription rate is $975 for 6 months delivered via
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firm for the term of the initial subscription or balance thereof
are $25 each.  For subscription information, contact Peter A.
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                   *** End of Transmission ***