TCR_Public/161003.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, October 3, 2016, Vol. 20, No. 276

                            Headlines

2013 Colonial: Can Continue Cash Collateral Use Until Dec. 15
220 ADAMS RANCH ROAD: Unsecureds To Get $50,000 Under Plan
293 ADELPHI: Hires McKinley Onua as Counsel
ABEINSA HOLDING: Plan Writes Off 97% of Spanish Affected Debt
ACCREDITED HOME: REIT Board Declares Final Liquidating Distribution

ACE CASH: S&P Lowers ICR to 'CC' on Planned Exchange Offer
ADM VENDING: Unsecureds to Get 35% Recovery Under Plan
AECOM: S&P Raises Rating on Unsecured Notes to 'BB'
AF-SOUTHEAST: Court Moves Plan Filing Deadline to October 17
AIRBORNE INC: Hires Trevett Cristo as Substitute Counsel

ALKERMES INC: Moody's Assigns Ba3 Senior Secured Term Loan
ALLEN FORD LEWIS: Court Says No Creditors' Panel Will Be Appointed
ALLIANCE HEALTHCARE: S&P Affirms 'B+' CCR; Outlook Remains Neg.
ALLY FINANCIAL: Fitch Affirms 'BB+' IDR, Outlook Stable
AMERICAN EXPRESS: Fitch Affirms 'BB+' Rating on Preferred Shares

AMPLIPHI BIOSCIENCES: Amends Consulting Agreement with Interim COO
ANCESTRY.COM HOLDINGS: S&P Affirms 'B' CCR; Outlook Stable
ANTREL FLORIDA: Wants to Use Beach Developers Cash Collateral
AOXING PHARMACEUTICAL: Delays Filing of Fiscal 2016 Form 10-K
APEX ENDODONTICS: Disclosures Approved, Nov. 1 Plan Hearing Set

APRICUS BIOSCIENCES: Closes Sale of Common Stock and Warrants
ARR MEDICAL: Asks Court to Extend Exclusive Periods
ATP OIL: Summary Judgment Favoring Bennu Oil Affirmed
AUTHENTIDATE HOLDING: Delays Form 10-K Over AEON Acquisition
AWR WHOLESALE: Seeks to Hire Martin Wolfson as Tax Consultant

AZURE MIDSTREAM: Obtains Defaults Waiver Extension Until Oct. 28
BAERG REAL PROPERTY: Case Summary & 20 Largest Unsecured Creditors
BAILEY HILL: Seeks to Hire DiSanto Priest as Accountant
BASIC ENERGY: Obtains Forbearance Extension Until Oct. 16
BATAVIA NURSING: Trustee Taps Patrick Mather as Accountant

BEAR METALLURGICAL: Needs Until January 2017 to File Plan
BEE-ALIVE INC: Case Summary & 20 Largest Unsecured Creditors
BGM PASADENA: Confirmation Hearing on Cantor Plan Vacated
BHAKTA LLC: Disclosures Conditionally OK'd; Plan Hearing on Nov. 2
BJORNER ENTERPRISES: Can Use Cash Collateral on Final Basis

BULOVA TECHNOLOGIES: Amends Third Quarter Form 10-Q
C&D PRODUCE: Authorized to Use Cash Collateral on Interim Basis
CANNABIS SCIENCE: May Issue 400 Million Shares Under Equity Plan
CARLOS DE LA ZARGA JR: Sale of Mineral and Production Interest OKd
CASA MEDIA: Wants Exclusive Plan Filing Deadline Moved to Dec. 27

CHESAPEAKE ENERGY: S&P Raises CCR to 'CCC+'; Outlook Negative
CHINA GINSENG: Delays Filing of Fiscal 2016 Form 10-K
CHOICE HEALTH: Case Summary & 20 Largest Unsecured Creditors
CLEMENTS-MOORE INC: Case Summary & 5 Unsecured Creditors
COMPASS MINERALS: S&P Lowers CCR to 'BB' on New Term Loan

CONSTELLATION ENTERPRISES: Has Until Jan. 11 to File Plan
CONTROL COMMUNICATIONS: Can Use BOA Cash on Interim Basis
CRESCENT COMMUNITIES: Moody's Assigns Caa1 Rating on $400MM Notes
CRGT INC: S&P Raises CCR to 'B'; Outlook Stable
CROSBY WORLDWIDE: S&P Revises Outlook to Neg. & Affirms 'B-' CCR

CTI BIOPHARMA: Had $38.3M Net Financial Standing as of Aug. 31
DELIVERY AGENT: U.S. Trustee Forms 7-Member Committee
DERMOT KIRWAN: Bid for Judgment on Pleadings in Cordeiro Suit OK'd
DF SERVICING: Court to Consider Plan Confirmation on Dec. 13
DISCOVER FINANCIAL: Fitch Affirms 'BB-' Rating on Preferred Stock

DORCH COMMUNITY: U.S. Trustee Unable to Appoint Committee
DORSEY MOTOR: Has Until Nov. 28 to File Disclosures and Plan
ECLIPSE RESOURCES: Eclipse Holdings No Longer a Shareholder
ECOARK HOLDINGS: Enters Into Share Exchange Agreement
EDWARD RENSI: Sale of Units 105 and 114 to Knutte Approved

EL VOLCAN: U.S. Trustee Unable to Appoint Committee
ELBIT IMAGING: Sale of India Project Remains Pending
ELDORADO GOLD: Moody's Affirms B1 Corporate Family Rating
EMMIS COMMUNICATIONS: S&P Lowers CCR to 'CCC'; Outlook Negative
EMR ELECTRIC: FIFC Premium Finance Agreement Approved

ENERGYSOLUTIONS INC: S&P Affirms B- CCR, Outlook Altered to Stable
ENTERPRISE BUSINESS: Confirmation Hearing Set for Nov. 3
ESPRESSO DREAM: Voluntary Chapter 11 Case Summary
ETERNAL ENTERPRISE: Insiders' Loan Is Equity Contribution, Ct. Says
EVEN ST. PRODUCTIONS: Wants Plan Filing Period Moved to Oct. 14

FINJAN HOLDINGS: ESET's Complaint Filed vs. Subsidiary Dismissed
FINJAN HOLDINGS: To Participate in Upcoming Industry Events
FIVE LOTS LLC: Wants Deadline to File Plan Moved to December 1
FLORIDA REAL: Unsecured Creditor to Get 50% of Claim in Plan
FPUSA LLC: Court Extends Plan Filing Period Through November 17

FRANK W. KERR: U.S. Trustee Forms 7-Member Committee
FREEDOM COMMUNICATIONS: Can File Joint Plan Until Nov. 29
FREESEAS INC: Concludes $1.93-Million Sale of Vessel
FUNCTION(X) INC: Delays Filing of Fiscal 2016 Annual Report
FURNITURE BRANDS: Court Denies Heritage's Bid to Compel Arbitration

GAWKER MEDIA: Needs Until December 7 to File Plan
GEORGE STREET: Taps Wright Law as Attorneys
GILBERTO REYES: Unsecureds To Get $200 Per Quarter Under Plan
GLYECO INC: Completes Quality, Research, and Dev't Laboratory
GREAT AMERICAN VENDING: Has Until February 2017 to File Plan

GREAT BASIN: Had 2.52M Outstanding Common Shares as of Sept. 30
GREATER BETHLEHEM: Selling Chicago Property to Budman for $790K
GRIMMET BROTHERS: Hires Boerner Dennis as Special Counsel
GRIMMET BROTHERS: Hires Rod Partain as Accountant
GUNBOAT INTERNATIONAL: Court Revokes Chen Asset Sale Order

HILTZ WASTE: Hires Silverman Avila as Accountants
HORSEHEAD HOLDING: Completes Restructuring, Exits Chapter 11
IMH FINANCIAL: Extends SRE Loan Maturity Until December 22
IMPLANT SCIENCES: Needs More Time to File Form 10-K
INDUSTRIAL NOISE: Seeks to Hire Rosen Systems as Auctioneer

INTERLEUKIN GENETICS: Extends Clematis Commercial Lease to 2019
INTREPID POTASH: Sr. Notes Covenant Waiver Extended Until Oct. 31
JEANNIE KILE: Unsecureds to Be Paid in Full Plus 6% Interest
JILL MARIE MEEUWSEN-HOLMES: Unsecureds To Recoup 100% Over 5 Yrs.
JOHN Q. HAMMONS: Wants April 24 Plan Filing Period Extension

JORGE ALMARAZ: To Pay Unsecureds $5000 Pro-Rata Share in 12 Mos.
JOSE DOMINGUEZ: Unsecureds To Be Paid $690 on Quarterly Basis
JOSEPH OLADOKUN: Disclosures Okayed; Plan Hearing on Nov. 9
JTS LLC: Court Awards JMJ Properties $14K Admin. Expense Claim
LEAP FORWARD: Court Confirms Chapter 11 Plan of Liquidation

LEWIS HEALTH: Exclusive Plan Filing Period Extended Until Dec. 26
LIGHTNING BOLT LEASING: Plan Filing Period Extended to Oct. 25
LINC USA GP: Wants Court to Extend Plan Exclusivity to Dec. 26
LUCAS ENERGY: Amends 5M Shares Resale Prospectus With SEC
LUVU BRANDS: Reports Record Net Sales of $16.8M for Fiscal 2016

MART PETROLEUM 404: Hires Mark Roher as Counsel
MINDEN AIR: Seeks to Hire Alan R. Smith as Legal Counsel
MISSION NEW ENERGY: Incurs A$2.32 Million Net Loss in Fiscal 2016
MISSISSIPPI REGIONAL CANCER: Needs Additional 30 Days to File Plan
MM SHOWS: Asks Court to Extend Plan Filing Period to Nov. 30

MOBIVITY HOLDINGS: Offers Holders to Exercise Warrants
MOHEGAN TRIBAL: Moody's Rates $500MM Sr. Unsec. Notes 'B3'
MONAKER GROUP: Omar Jimenez Appointed Treasurer and Secretary
NJOY INC: U.S. Trustee Forms 3-Member Committee
NOVABAY PHARMACEUTICALS: Agrees to Pay China Kington 6% Commission

NUVERRA ENVIRONMENTAL: Reinstates Annual Salary of CEO to $700K
OLLIE WILLIAM FAISON: Court Denies Confirmation of 3rd Amended Plan
ORACLE PROJECT I: Disclosures Okayed; Plan Hearing on Nov. 15
ORANGE PARK: Disclosures OK'd; Evidentiary Plan Hearing on Jan. 11
PACIFIC EXPLORATION: Judge Approves Plan to Wipe $5-Bil. Debt

PELICAN REAL ESTATE: Wants to File Plan of Reorganization by Dec. 5
PERFORMANCE SPORTS: 251091708 Delaware Reports 13.2% Equity Stake
PERSEON CORP: Unsecureds to Be Paid in Full Plus 5% Interest
PETROQUEST ENERGY: Moody's Affirms Caa3 Corporate Family Rating
PHOENIX MANUFACTURING: Exclusivity Extension Hearing, Oct. 19

PLANDAI BIOTECHNOLOGY: Delays Filing of Fiscal 2016 Annual Report
POSITIVEID CORP: Registers 12.5 Million Shares for Resale
PRECISION OPTICS: Incurs $1.03 Million Net Loss in Fiscal 2016
PRO ENTERPRISES: Has Until Oct. 28 to File Plan of Reorganization
PROFESSIONAL DIVERSITY: Discusses Impact of Reverse Stock Split

PT USA LP: Court Extends Exclusivity Deadlines to November 30
QUEBECOR MEDIA: Moody's Affirms Ba3 Corporate Family Rating
RIO CONSTRUCTION: Wants to Continue Using Cash Collateral
RONALD BLABER: Payment of Certain Priority Obligations Under Plan
RONALD KUPETZ: Unsecureds to Get 30% Dividend Under Plan

ROSLYN SEFARDIC: Wants Exclusivity Period Moved to January 2017
S&S SCREW MACHINE: Wants to Use Regions Bank, IRS Cash Collateral
SAINT ANNE RETIREMENT: Fitch Affirms BB+ Rating on $18MM Rev. Bonds
SAM WYLY: Add'l. Claims Class for Insiders Under 3rd Amended Plan
SAMUEL WYLY: Agrees to Pay $198 Million in Fraud Case

SAN JOAQUIN HILLS TCA: Fitch Affirms 'BB+' Rating on Junior Debt
SCIENTIFIC GAMES: Michael Quartieri Assumes PAO Position
SFX ENTERTAINMENT: 4th Amended Plan Revises DIP Claims Treatment
SFX ENTERTAINMENT: Judge Tosses Bid for Equity Committee
SHERWIN ALUMINA: $25.7-Mil. Commodity Financing Facility Approved

SIX-S HOLDINGS: Hires Bond Schoeneck as Counsel
SNEED SHIPBUILDING: Seeks Oct. 17 Exclusivity Period Extension
SPI ENERGY: Has Private Placement of $100M Ordinary Shares
SQUIRE COURT: Seeks to Hire Coats Rose as Legal Counsel
ST. LUKE BAPTIST: Seeks Authorization to Continue Using Cash

STEINWAY MUSICAL: S&P Lowers CCR to 'B-'; Outlook Negative
STEPHEN ELTON LEACH: Unsecureds To Recoup 50% Under Plan
STEREOTAXIS INC: Announces Multiple Positive Strategic Updates
STEREOTAXIS INC: Completes Private Placement of $24 Million
SUCN. PEDRO: Taps Luis R. Carrasquillo as Financial Consultant

SUTHERLAND HOLDINGS: Wants to File Plan Together With Affiliate
SWORDS COMPANY: To Pay Unsecureds with 3.5% Interest in 24 Mos.
T3 MOTION: Dismisses KMJ Corbin as Accountants
TANDOORI AT TRANSIT: Have Until Dec. 31 to Use Cash Collateral
TEXARKANA ARKANSAS: Can Use MSB, SBA Cash on Interim Basis

TIBER PARTNERS: Trustee Amends Application to Hire Accountant
TOLL ROAD II: Fitch Affirms 'BB+' Rating on $1BB Revenue Bonds
TORTIA INVESTMENTS: Voluntary Chapter 11 Case Summary
TOWERSTREAM CORP: Stockholders OK Issuances of Common Shares
TRAFALGAR POWER: Court Confirms Chapter 11 Plan of Liquation

TRANS ENERGY: Incurs $13.8 Million Net Loss in First Quarter
TRANSPORT EXPRESS: Taps Accounting for Success as Accountant
TRITON FOODS: Trustee Taps Shulman Hodges as Legal Counsel
TROPICANA ENTERTAINMENT: $2M Cash Infusion from Icahn Challenged
TWEDDLE HOLDINGS: S&P Assigns 'B' CCR & Rates $225MM Loan 'B'

UCI INTERNATIONAL: Wants Plan Filing Period Extended to Dec. 29
UNIVERSAL NUTRIENTS: US Trustee Adds UniChem Enterprises to Panel
UNIVERSAL SECURITY: Incurs $2.13 Million Net Loss in Fiscal 2016
VERENGO INC: Can Get Crius Solar Financing on Interim Basis
VERENGO INC: Meeting to Form Creditors' Panel Set for Oct. 5

VINOD GOPAL PATEL: Oct. 26 Plan Confirmation Hearing
W&T OFFSHORE: CEO Reports 30.2% Equity Stake as of Sept. 7
WAYNE COUNTY, MI: Moody's Hikes GOLT Debt Rating to Ba2
WISCONSIN DAIRY: Unsecureds To Be Paid with 3% Interest in 7 Yrs.
WPCS INTERNATIONAL: Stockholders Elect Five Directors

YELLOWSTONE CLUB: Founder Ordered to Pay $286M to Creditors
[*] DBRS Reviews 9 Ratings From 2 US ABS Transactions
[*] Frimmer Joins EisnerAmper's Bankruptcy & Restructuring Practice
[^] BOND PRICING: For the Week from Sept. 26 to 30, 2016

                            *********

2013 Colonial: Can Continue Cash Collateral Use Until Dec. 15
-------------------------------------------------------------
Judge Robert D. Drain of the U.S. Bankruptcy Court for the Southern
District of New York authorized 2013 Colonial LLC to continue using
cash collateral through Dec. 15, 2016.

The Debtor was authorized to use cash collateral in compliance with
the approved Budget which covers a period of four months, from
September 2016 to December 2016.  The Budget provides for total
monthly expenses in the amount of $12,360 for the month of
September 2016; $14,210 for the month of October 2016; and $13,560
for the months of November 2016 and December 2016.

A full-text copy of the Order, dated Sept. 26, 2016, is available
at https://is.gd/0gpl0L

               About 2013 Colonial LLC

2013 Colonial LLC sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. S.D.N.Y. Case No. 16-22715) on May 24,
2016.  The petition was signed by Michael Gianatasio, managing
member.  The Debtor is represented by Theodore N. Zink, Jr., Esq.,
at McCarthy Fingar LLP.  The case is assigned to Judge Robert D.
Drain.  The Debtor estimated both assets and liabilities in the
range of $1 million to $10 million.


220 ADAMS RANCH ROAD: Unsecureds To Get $50,000 Under Plan
----------------------------------------------------------
220 Adams Ranch Road, LLC, filed with the U.S. Bankruptcy Court for
the Central District of California a first disclosure statement
describing the Debtor's plan of reorganization.

Class 3 Unsecured Impaired Claims is estimated to constitute
approximately $813,236.  Class 3 claimants will receive a payment
of $50,000 to settle all claims as against the Debtor and John D.
Thomas, manager.

Funds will be contributed by Mr. Thomas, or a business entity
designated by Mr. Thomas, to the Debtor.  The Debtor will receive
$100,000 by this method by the 11 Effective Date, and ongoing
distributions will be made as necessary.  The contributions will
make up the estimated payments totaling $900,000 outside of
administrative expenses and priority claims.  The final payment of
$2,020,000 may be made by a further loan or refinance.

The Debtor, by way of Mr. Thomas, will act as the disbursing agent
for distributions to be made to holders of allowed claims.  The
Disbursing Agent will not be required to provide any bond in
connection with the making of any distribution pursuant to the
terms of the Plan.

The First Disclosure Statement is available at:

           http://bankrupt.com/misc/cacb15-22727-66.pdf

The Plan was filed by the Debtor's counsel:

     Anerio V. Altman, Esq.
     LAKE FOREST BANKRUPTCY
     23151 Moulton Parkway, Suite 131
     Laguna Hills California 92630
     Tel: (949) 218-2002
     Fax: (949) 218-2002
     E-mail: avaesq@lakeforestbkoffice.com

Headquartered in Los Angeles, California, 220 Adams Ranch Road,
LLC, filed for Chapter 11 bankruptcy protection (Bankr. C.D. Calif.
Case No. 15-22727) on Aug. 13, 2015.  The petition was signed by
John D. Thomas, manager.

Judge Ernest M. Robles presides over the case.

David G. Epstein, Esq., at The David Epstein Law Firm serves as the
Debtor's bankruptcy counsel.


293 ADELPHI: Hires McKinley Onua as Counsel
-------------------------------------------
293 Adelphi, LLC seeks authorization from the U.S. Bankruptcy Court
for the Eastern District of New York to employ McKinley Onua &
Associates, PLLC as counsel and Andre Soleil, Esq., as of counsel,
effective as of July 28, 2016.

The Debtor requires McKinley Onua to:

   (a) provide advice to the Debtor with respect to their power
       and duties under the Bankruptcy Code in the continued
       operation of Debtor's business and the management of its
       property;  

   (b) negotiate with creditors of the Debtor's, preparing a plan
       of reorganization and taking the necessary legal steps to
       consummate a plan, including, if necessary, negotiations
       with respect to financing a plan;

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

   (d) prepare on the Debtor's behalf necessary applications,
       motions, answer, replies, discovery requests, forms of
       orders, reports and other pleading and legal documents;

   (e) appear before this Court to protect the interests of the
       Debtor and Debtor's estates, and representing the Debtor in

       all matters pending before this Court;

   (f) perform all other legal services for the Debtor that may be

       necessary herein; and

   (g) assist the Debtor in connection with all aspects of its
       Chapter 11 case.

McKinley Onua will be paid at these hourly rates:

       Nnenna Onua           $350
       Associates            $250
       Paralegals            $100

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

Nnenna Onua, senior counsel of McKinley Onua, assured the Court
that the firm is a "disinterested person" as the term is defined in
Section 101(14) of the Bankruptcy Code and does not represent any
interest adverse to the Debtor and its estate.

McKinley Onua can be reached at:

       Nnenna Onua, Esq.  
       MCKINLEY ONUA & ASSOCIATES, PLLC
       26 Court Street, Suite 300  
       Brooklyn, NY 11242
       Tel: (718) 522-0236
       Fax: (718) 701-8309

                    About 293 Adelphi LLC

293 Adelphi, LLC, based in Brooklyn, N.Y., filed a Chapter 11
petition (Bankr. E.D.N.Y. Case No. 16-43363) on July 28, 2016.  The
Hon. Elizabeth S. Stong presides over the case.  Nnenna Okike Onua,
Esq., at McKinley Onua & Associates, PLLC, as bankruptcy counsel.

In its petition, the Debtor declared $1.8 million in total assets
and $3.17 million in total liabilities.  The petition was signed by
Judy Jones-Knotts.


ABEINSA HOLDING: Plan Writes Off 97% of Spanish Affected Debt
-------------------------------------------------------------
Abeinsa Holdings, Inc., et al., filed with the U.S. Bankruptcy
Court for the District of Delaware a Chapter 11 plan of
reorganization and accompanying disclosure statement.

The Plan constitutes four different plans, of which two are plans
of reorganization and the others are plans of liquidation, one for
each of the Debtor groups into which the Debtors have been
partially or substantially consolidated.  The Disclosure Statements
explaining the four Plans have provided blank estimated recovery
for holders of general unsecured claims.

Holders of Allowed Claims in Class 3A - EPC Reorganizing Spanish
Affected Debt will receive no Cash distribution from the Debtors.
Instead, these Holders will receive a Replacement Guaranty with
respect to the remaining amount of the Spanish Affected Debt after
giving effect to the Standard Restructuring Terms, which terms will
write off 97% of the claims held by holders of Spanish Affected
Debt and provide that the remaining 3% will be paid out over a
ten-year period at a 0% interest rate under the terms of a Master
Restructuring Agreement.

Holders of Allowed Claims in Class 3 - EPC Liquidating General
Unsecured Claims, Class 3 - Bioenergy and Maple Liquidating General
Unsecured Claims, Class 3A - EPC Liquidating US Debt Claims, and
Class 3A - Bioenergy and Maple Liquidating US Debt Claims will
receive a cash distribution equal to their pro rata share of the
Liquidating Trusts for the respective Debtor group.

Holders of Allowed Claims in these Classes will receive no
distribution on the Effective Date of the Plan:

   * Class 4 - EPC Liquidating Intercompany Claims;
   * Class 4 - Bioenergy and Maple Liquidating Intercompany
Claims;
   * Class 7B - EPC Reorganizing Intercompany Claims by Debtor
Affiliates;
   * Class 7B - Solar Reorganizing Intercompany Claims by Debtor
Affiliates;
   * Class 5 - EPC Liquidating Equity Interests; and
   * Class 5 - Bioenergy and Maple Liquidating Equity Interests.

The holders of Equity Interests in Class 8 - EPC Reorganizing
Equity Interests and Class 8 - Solar Reorganizing Equity Interests
will be reinstated.

The Plan is sponsored by the parent, Abengoa, S.A., and is part of
an integrated global restructuring in which the Parent has
negotiated with the holders of Spanish Affected Debt for the
compromise of their claims in exchange for the treatment provided
them and other under the Master Restructuring Agreement.

The confirmation hearing is scheduled for November 29, 2016 at 1:00
p.m.

A full-text copy of the Disclosure Statement dated September 26,
2016, is available at http://bankrupt.com/misc/16-10790-578.pdf

                      About Abeinsa Holding

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

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

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

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

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


ACCREDITED HOME: REIT Board Declares Final Liquidating Distribution
-------------------------------------------------------------------
Pursuant to the Plan of Liquidation approved by shareholders on
Jan. 17, 2013, the Board of Trustees of Accredited Mortgage Loan
REIT Trust ("Accredited REIT") has declared the final liquidating
distribution to the holders of its 9.75% Series A Perpetual
Cumulative Preferred Shares in the aggregate amount of $8,023,609,
representing $1.96 per preferred share outstanding.  The final
liquidating distribution will be paid on Oct. 28, 2016, to holders
of record of its preferred shares as of the close of business on
Oct. 14, 2016.  Upon completion of this final liquidating
distribution, Accredited REIT will have distributed an aggregate of
$78,639,554 or $19.21 per share, to its preferred shareholders
since confirmation of the Fifth Amended Chapter 11 Plan of
Liquidation ("Fifth Amended Plan") approved on May 24, 2011, by the
U.S. Bankruptcy Court for the District of Delaware in the matter
styled In Re: Accredited Home Lenders Holding Co., et al., Case No.
09-11516.

Accredited REIT has now received all distributions due to it under
the Fifth Amended Plan.  Further, in accordance with its Plan of
Liquidation, effective May 20, 2016, Accredited REIT sold
substantially all of its remaining assets for $6.1 million in cash
and relief of approximately $2.3 billion in associated liabilities.
This transaction resulted in federal income tax liability
attributable to alternative minimum tax on the gain on sale.  The
final liquidating distribution represents all cash remaining
available to shareholders after the payment of taxes and all other
obligations of Accredited REIT.  Therefore, no further
distributions will be made.

Following the final liquidating distribution, Accredited REIT will
file a notice of termination with the Maryland State Department of
Assessment and Taxation.  Effective on the filing of the notice,
the existence of Accredited REIT will terminate under Maryland law.
There is no requirement for shareholders to surrender stock
certificates in connection with the final liquidating distribution
or the termination of Accredited REIT.

The Board of Trustees expresses its appreciation to those
shareholders who supported Accredited REIT and the Board during the
liquidation process.  The Board believes that, as a result of the
patience of shareholders in permitting an orderly liquidation
process, the more than $78.6 million in aggregate liquidating
distributions far exceeds the amount which could otherwise have
been achieved.


Accredited Mortgage Loan REIT Trust, a subsidiary of Accredited
Home Lenders Holding Co., is a Maryland real estate investment
trust that was formed in May 2004 for the purpose of acquiring,
holding and managing real estate assets.

                      About Accredited Home

San Diego, California-based Accredited Home Lenders Holding Co. --
http://www.accredhome.com/-- was a mortgage banker servicing U.S.
markets for conforming and non-prime residential mortgage loans
operating throughout the U.S. and in Canada.  Accredited sold its
mortgage-servicing business in July 2009 as part of its
bankruptcy.

Accredited Home Lenders and its affiliates sought Chapter 11
protection (Bankr. D. Del. Lead Case No. 09-11516) on May 1, 2009.
Gregory G. Hesse, Esq., Lynnette R. Warman, Esq., and Jesse T.
Moore, Esq., at Hunton & William LLP, serve as the Debtors'
bankruptcy counsel.  Laura Davis Jones, Esq., James E. O'Neill,
Esq., and Timothy P. Cairns, Esq., at Pachulski Stang Ziehl & Jones
LLP, serve as Delaware counsel.  Kurtzman Carson Consultants is the
Debtors' claims agent.  Andrew I Silfen, Esq., Schuyler G. Carroll,
Esq., Robert M. Hirsch, Esq., at Arent Fox LLP in New York, and
Jeffrey N. Rothleder, Esq., at Arent Fox LLP in Washington, DC,
represent the official committee of unsecured creditors as
co-counsel.  Neil R. Lapinski, Esq., and Shelley A. Kinsella, Esq.,
at Elliott Greenleaf, represent the Committee as Delaware and
conflicts counsel.

Accredited Home Lenders estimated its assets at $10 million to $50
million and its debts at $100 million to $500 million in its
Chapter 11 petition.


ACE CASH: S&P Lowers ICR to 'CC' on Planned Exchange Offer
----------------------------------------------------------
S&P Global Ratings said it lowered its issuer credit rating on ACE
Cash Express Inc. and its rating on the company's senior secured
notes to 'CC' from 'B-'.  S&P is also placing the ratings on
CreditWatch with negative implications.  The recovery rating on the
notes remains '4', indicating S&P's expectation for average
recovery (30%-50%; low end of range) in the event of default.

On Sept. 28, 2016, ACE asked its existing senior secured
debtholders to exchange their notes in a process that could leave
those debtholders with new longer-dated notes and potentially a
loss on their principal.

"As a result, we are lowering our ratings on ACE and the senior
secured notes because we would very likely consider the exchange
offer, if consummated, to constitute a distressed exchange under
our criteria," said S&P Global Ratings credit analyst Gaurav
Parikh.

The company -- whose creditworthiness has already been weakened by
potential substantial regulatory changes in the payday loan
industry -- hopes to exchange all of its $252.2 million 11% senior
secured notes due 2019 for 11.0% senior secured notes due 2022.

Noteholders who agree to the exchange by Oct. 11, 2016, will
receive $1,000 of the new notes -- including a $50 premium made up
by new notes -- for an equal amount of the existing notes.  If
noteholders tender after that but before Oct. 25, 2016, they will
receive only $950 in exchange consideration per $1,000 of par
value.

In addition to that, debtholders will have the option to sell their
notes (rather than exchanging them) to FSH Funding Co. -- an
affiliate of ACE's private equity owner, JLL Partners Inc. -- in a
modified Dutch auction process.  Presumably noteholders would
receive less than par in such a process.  FSH will also separately
exchange $80 million of existing notes it already owns for the new
notes ACE is offering other debtholders.

To facilitate the exchange, the company has also asked debtholders
of the existing notes to eliminate all the restrictive covenants,
defaults, and certain default provisions and to release all the
collateral securing those notes.  S&P believes the new notes would
have those same covenants as well as the same collateral.

Debtholders representing at least $126 million in existing notes
must participate in either the exchange or FSH's auction process to
consummate the exchange.  ACE also must receive consent from
noteholders representing a majority of the existing notes'
principal amount to eliminate the restrictive covenants and default
provisions.  It must receive approval from debtholder representing
66 2/3% of principal to effectuate the proposed collateral release.


S&P expects the settlement of the exchange offer to occur on or
about Oct. 25, 2016.  When that takes place, S&P plans to lower the
issuer credit rating to 'SD' (selective default) and the rating on
the senior notes to 'D' (default).  S&P views this exchange offer
as distressed as the company is extending the maturity beyond its
original promise, and S&P is lowering the credit ratings to reflect
the risk of the expected de facto restructuring.

S&P is placing its ratings on CreditWatch with negative
implications because S&P expects to lower the issuer credit rating
to 'SD' and the rating on the senior notes to 'D' when the exchange
offer is finalized.

Following the consummation of the exchange and downgrade to
default, S&P will likely raise the issuer credit rating after
completing a forward-looking review that takes into account the
results of the exchange.


ADM VENDING: Unsecureds to Get 35% Recovery Under Plan
------------------------------------------------------
ADM Vending, Inc., filed with the U.S. Bankruptcy Court for the
District of New Hampshire a Disclosure Statement and Plan of
Reorganization, proposing a 35% projected dividend for general
unsecured claims.

Secured claimants have a 100% projected recovery under the Plan.

Under the Plan, the Debtor will continue its business under the
ownership of Daniel A. Mendenhall (its equity holder), for the
benefit of creditors holding allowed claims.  Mr. Mendenhall will
purchase the new equity interests in the Debtor by making a "new
equity contribution", which includes (a) consenting to the
subordination of all of his claims against the Debtor and the
estate to those of all other allowed creditors and their dividend
and other rights arising from such claims, (b) executing and
delivering to the Debtor for the benefit of each General Unsecured
Creditor holding an allowed claim a Limited Plan Guaranty, and (c)
executing and delivering to the Debtor an employment agreement
which, among other things, obligates Mr. Mendenhall to serve as the
sole Director and President of the Debtor for the term of the Plan,
limits his compensation to the amounts permitted by the Plan and
includes a restrictive covenant that prevents him from engaging the
vending machine business within 20 miles of the Debtor's Business
Premises for a period of one year from the date thereof in the
event that NBT Bank should foreclose its liens on the Debtor's
assets.

The Debtor expects the Plan to become effective on Jan. 1, 2017.

A full-text copy of the Disclosure Statement dated Sept. 16, 2016,
is available at http://bankrupt.com/misc/nhb16-10477-92.pdf

                    About ADM Vending, Inc.

ADM Vending, Inc. filed a chapter 11 petition (Bankr. D. N.H. Case
No. 16-10477) on April 1, 2016.  The petition was signed by Daniel
Mendenhall, president.  The Debtor is represented by William S.
Gannon, Esq., at William S. Gannon PLLC.  The case is assigned to
Judge Bruce A. Harwood.  The Debtor disclosed assets of $1.82
million and debts of $599,764 at the time of the filing.


AECOM: S&P Raises Rating on Unsecured Notes to 'BB'
---------------------------------------------------
S&P Global Ratings assigned its 'BBB-' issue-level rating and '1'
recovery rating to AECOM's $185 million delayed draw term loan A
due 2021.  The '1' recovery rating indicates S&P's expectation for
very high (90%-100%) recovery in a payment default scenario.

At the same time, S&P raised its issue-level rating on AECOM's
unsecured notes to 'BB' from 'BB-' and revised S&P's recovery
rating on the notes to '4' from '5'.  The '4' recovery rating
reflects S&P's expectation for average recovery (30%-50%; lower end
of the range) in a payment default scenario.

Additionally, S&P affirmed its 'BBB-' issue-level rating on AECOM's
senior secured credit facility.  The '1' recovery rating on the
credit facility remains unchanged, indicating S&P's expectation for
very high (90%-100%) recovery in a payment default scenario.

Finally, S&P affirmed its 'BB-' issue-level rating on the company's
senior unsecured debt issued by URS Corp.  The '5' recovery rating
on the debt remains unchanged, indicating S&P's expectation for
modest (10%-30%; lower end of the range) recovery of principal in
the event of a payment default.

The company anticipates that it will use the proceeds from the new
delayed draw term loan A to repay its existing 3.85% senior
unsecured notes issued by URS due April 2017.

S&P raised its issue-level ratings on AECOM's unsecured notes to
reflect that the repayments it has made under its existing term
loan over the past several quarters, which have reduced its total
amount of senior secured debt outstanding and increased the value
available to the unsecured noteholders in S&P's default scenario,
have more than offset the addition of senior secured debt to its
capital structure from the delayed draw term loan issuance.

The refinancing transaction will not significantly alter the
company's credit metrics, therefore S&P's corporate credit rating
on AECOM remains unchanged.  S&P's rating on the company reflects
its participation in the volatile and competitive engineering and
construction industry.  S&P expects that AECOM will maintain debt
leverage of less than 5x.

                         RECOVERY ANALYSIS

Key analytical factors

   -- S&P's default scenario assumes that general economic
      weakness leads to a reduction in the number of capital
      projects in 2020 and 2021, which significantly reduces the
      demand for AECOM's service offerings and causes the company
      to default in 2021.

Simulated default assumptions
   -- Simulated year of default: 2021
   -- EBITDA at emergence: $600 million
   -- EBITDA multiple: 6x

Simplified waterfall
   -- Gross enterprise value: $3.6 billion
   -- Administrative expenses: $180 million
   -- Net enterprise value: $3.42 billion
   -- Valuation split (obligors/nonobligors): 65%/35%
   -- Priority claims: $180 million
   -- Value available to first-lien debt
      (collateral/noncollateral): $2.74 billion/$377 million
   -- Secured first-lien debt claims: $2.56 billion
      -- Recovery expectations: 90%-100%
   -- Total value available to unsecured claims (AECOM/URS):
      $533 million/$25 million
   -- Senior AECOM unsecured debt and pari passu unsecured claims:

      $1.76 billion
     -- Recovery expectations 30%-50% (lower half of the range)
   -- Structurally subordinated URS unsecured debt: $254 million
      -- Recovery expectations 10%-30% (lower half of the range)

Note: All debt amounts include six months of prepetition interest.
Collateral value equals asset pledge from obligors after priority
claims plus equity pledge from nonobligors after nonobligor debt.

RATINGS LIST

AECOM
Corporate Credit Rating                BB/Stable/--

New Ratings

AECOM
Senior Secured
  $185M Delayed Draw Trm Ln A Due 2021  BBB-
   Recovery Rating                      1

Ratings Raised; Recovery Rating Revised
                                        To                 From
AECOM
Senior Unsecured                       BB                 BB-
  Recovery Rating                       4L                 5H

Ratings Affirmed; Recovery Rating Unchanged

AECOM
Senior Secured                         BBB-
  Recovery Rating                       1

URS Corp.
URS Fox US LP
Senior Unsecured                       BB-
  Recovery Rating                       5L


AF-SOUTHEAST: Court Moves Plan Filing Deadline to October 17
------------------------------------------------------------
Judge Kevin Gross of the U.S. Bankruptcy Court for the District of
Delaware extended AF-Southeast, LLC, and its affiliated debtors'
exclusive period to file a plan of liquidation through Oct. 17,
2016, and their solicitation period through Dec. 16, 2016, without
prejudice to request further extensions.

The Troubled Company Reporter reported on Aug. 23, 2016, that the
Debtors sought exclusivity extensions from the Court, contending
that up and until this time, the Debtors and their professionals
have been primarily focused on marketing the Debtors' assets,
negotiating the terms of the sale transaction with Strome Mezzanine
Fund IV, LP, making the necessary preparations to be ready for
closing, and ultimately closing on the sale transaction. However,
closing on the sale transaction just recently occurred on Aug. 1,
2016.

Furthermore, according to the Debtors, the General Bar Date expired
on Aug. 10, 2016, and until that time, the Debtors did not know the
universe of claims filed against their estates.  Now that the
General Bar Date has expired, the Debtors need the necessary time
to review and analyze the proofs of claim and file objections, if
any, thereto.  Once this process is over, the Debtors will be able
to efficiently and expeditiously formulate and file a plan of
liquidation.

                         About AF-Southeast LLC

AF-Southeast, LLC, Allied Fiber-Florida, LLC and Allied
Fiber-Georgia, LLC, are engaged in the business of designing,
constructing and operating an open access, physical layer,
network-neutral co-location and dark fiber network.

Each of the debtors filed a Chapter 11 bankruptcy petition (Bankr.
D. Del. Case Nos. 16-11008, 16-11009 and 16-11010, respectively) on
April 20, 2016.  The petitions were signed by Scott Drake as sole
member.

The Debtors estimated assets in the range of $10 million to $50
million and liabilities of up to $50 million.

The Debtors tapped Fox Rothschild LLP as counsel; and PMCM, LLC, as
the Debtors' chief restructuring officer provider.

Judge Kevin Gross is assigned to the cases.


AIRBORNE INC: Hires Trevett Cristo as Substitute Counsel
--------------------------------------------------------
Airborne, Inc. seeks authorization from the U.S. Bankruptcy Court
for the Western District of New York to employ David H. Ealy and
Trevett Cristo Salzer & Andolina, P.C. as substitute counsel,
effective August 20, 2016.

Mr. Ealy and Trevett Cristo will substitute Mark A. Weiermiller,
Esq. at Cooper, Pautz & Weiermiller, LLP and Joyce Lindauer, Esq.
at Joyce W. Lindauer Attorney, PLLC, as lead attorneys.

The Debtor requires Mr. Ealy and Trevett Cristo to:

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

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

   (b) review financial information and documentation, perform an
       analysis of the Debtor's financial situation, and render
       legal advice with respect to the confirmability of a
       Chapter 11 Plan and the benefits of other relief available
       under the Bankruptcy Code;

   (c) review the filed Petition, schedules and statements;
       prepare amendments as may be necessary; review and assist
       in the preparation of monthly operating reports; draft and
       prepare motions necessary for proper estate administration;

       prepare and file applications, answers to objections, and
       other legal papers, as may be necessary to comply with the
       requirements of the Bankruptcy Code and Court rules; draft
       and prepare a Disclosure Statement and Plan of
       Reorganization, responding to objections to the adequacy of

       the Disclosure Statement and confirm the Plan, and draft
       amendments thereto;

   (d) take necessary action to avoid liens against the Debtor's
       property, remove restraints against the Debtor's property
       and such other actions to remove any encumberances of liens

       which are avoidable, which were placed against the property

       of the Debtor prior to the filing of the Petition
       instituting this proceeding and at a time when the Debtor
       was insolvent;

   (e) negotiate with secured creditors regarding valuation and
       treatment of secured claims under the Chapter 11 Plan;

   (f) take necessary action to enjoin and stay until final decree

       herein any attempts by secured creditors to enforce liens
       upon property of the Debtor in which the property of the
       Debtor has substantial equity;

   (g) represent the Debtor in any proceedings which may be
       instituted in the Court by creditors or other parties
       during the course of this proceeding;

   (h) prepare on behalf of the Debtor, necessary petitions,
       answers, orders, reports, and other legal papers; and

   (i) perform all other legal services for the Debtor, or to
       employ attorneys for such services.

Trevett Cristo will be paid at these hourly rates:

       Partners              $300
       Associates            $175
       Paralegals            $75

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

The Debtor paid Trevett Cristo a post-petition retainer of $10,000,
and agreed to pay an additional retainer in the amount of $5,000,
for services rendered and to be rendered and expenses incurred and
to be incurred in connection with the Chapter 11 proceeding.

Mr. Ealy, of Counsel of Trevett Cristo, assured the Court that the
firm is a "disinterested person" as the term is defined in Section
101(14) of the Bankruptcy Code and does not represent any interest
adverse to the Debtor and its estate.

Trevett Cristo can be reached at:

       David H. Ealy, Esq.
       TREVETT CRISTO SALZER & ANDOLINA P.C.
       Two State Street, Suite 1000
       Rochester, NY 14614
       Tel: (585) 454-2181

                    About Airborne Inc

Airborne, Inc. dba FirstFlight, based in Horseheads, N.Y., filed a
Chapter 11 petition (Bankr. W.D.N.Y. Case No. 16-20934) on August
20, 2016.  The Hon. Paul R. Warren presides over the case.  

In its petition, the Debtor estimated $1 to $10 million in both
assets and liabilities. The petition was signed by John H. Dow,
president.


ALKERMES INC: Moody's Assigns Ba3 Senior Secured Term Loan
----------------------------------------------------------
Moody's Investors Service assigned a rating of Ba3 to the amended
senior secured term loan of Alkermes, Inc. There are no changes to
the existing ratings including the Ba3 Corporate Family Rating, the
Ba3-PD Probability of Default Rating, the Ba3 senior secured rating
and the SGL-1 Speculative Grade Liquidity Rating. The rating
outlook remains negative.

The term loan is being amended and extended with a new maturity
date in 2021, and the transaction is leverage-neutral. Separately,
a $60 million tranche of the company's term loan matured this week,
and the company repaid this amount.

Ratings assigned:

   -- Senior secured bank credit facility at Ba3 (LGD3)

RATINGS RATIONALE

The Ba3 Corporate Family Rating reflects Alkermes' expertise in
proprietary drug delivery technologies, high gross margins, and
good revenue growth prospects over the next several years from
existing products and potential pipeline launches. The ratings are
also supported by cash levels well in excess of debt levels, and
considerable value in Alkermes' existing revenue streams as well as
its pipeline. Existing revenue streams generate over $600 million
of revenue, derived from pharmaceutical products marketed by
leading firms including Johnson & Johnson. In addition, Alkermes
has three major Phase III programs in progress: ALKS 8700 for
multiple sclerosis, ALKS 3831 for schizophrenia and ALKS 5461 for
major depressive disorder. Two Phase III studies of ALKS 5461
failed to meet their primary endpoints, but a third Phase III study
is ongoing. A major commercial launch is underway -- the
long-acting schizophrenia treatment Aristada, which Alkermes
developed in-house. Moody's anticipates rising prescription trends,
with sales in the second quarter of 2016 annualizing above $40
million.

Offsetting these strengths are negative profitability, limited size
and scale relative to pharmaceutical peers, and reliance on
collaboration partners on some key products. Moody's anticipates
that the company's earnings will be negative heading into 2017 as
it funds higher R&D costs related to its late-stage pipeline and
continues to invest in the Aristada launch. These investments will
continue to have a negative impact on near-term credit ratios, but
could drive significant future growth for the company. The company
has some revenue concentration among several marketed schizophrenia
products (Risperdal Consta, Invega Sustenna and Invega Trinza), but
revenue should diversify over time with growth in Aristada and
Vivitrol.

The SGL-1 rating reflects very good liquidity arising from over
$600 million of cash and investments, the ability to absorb
negative cash flow over the next 12 months, and no financial
maintenance covenants in the credit agreement.

The outlook is negative, reflecting high reliance on the Aristada
launch to shift towards positive earnings, and the potential for a
downgrade if the launch falters.

Moody's could downgrade Alkermes' ratings if growth rates falter
due to competitive dynamics or a weak Aristada launch, if pipeline
execution is weak, if the company performs debt-financed
acquisitions, or if debt/EBITDA is sustained above 4.0 times.
Conversely, Moody's could upgrade Alkermes' ratings if: the
company's key products continue to grow, if Aristada experiences
fast sales uptake, if pipeline momentum is strong, and if
debt/EBITDA is sustained below 3.0 times.

Alkermes, Inc. is a US subsidiary of Dublin, Ireland-based Alkermes
plc (collectively "Alkermes"). Alkermes is a specialty
biopharmaceutical company that develops long-acting medications for
the treatment of central nervous system. Revenues totaled
approximately $668 million over the last twelve months ended June
30, 2016.

The principal methodology used in this rating was Global
Pharmaceutical Industry published in December 2012.


ALLEN FORD LEWIS: Court Says No Creditors' Panel Will Be Appointed
------------------------------------------------------------------
The Hon. Jerry C. Oldshue, Jr., of the U.S. Bankruptcy Court for
the Southern District of Alabama entered on Sept. 29, 2016, an
order stating that no official committee of unsecured creditors
will be appointed in the Chapter 11 case of Lewis Allen Ford.

The Court was advised of the names of the 20 largest unsecured
creditors.  Written request was sent to the creditors.  No notice
is necessary prior to appointment and no objections have been
raised.  It appears to the Court that no Creditors' Committee is to
be appointed.

Allen Ford Lewis filed for Chapter 11 bankruptcy protection (Bankr.
S.D. Ala. Case No. 16-02905) on Aug. 26, 2016.  Irvin Grodsky,
Esq., serves as the Debtor's counsel.


ALLIANCE HEALTHCARE: S&P Affirms 'B+' CCR; Outlook Remains Neg.
---------------------------------------------------------------
S&P Global Ratings affirmed its 'B+' corporate credit rating on
Newport Beach, Calif.-based Alliance HealthCare Services.  The
outlook remains negative.

At the same time, S&P revised its financial policy assessment to on
the company to neutral from FS-5.

"We no longer consider the company to be financial sponsor
controlled following Chinese investment holding company Fujian Thai
Hot Investment Co.'s purchase of 51.5% of Alliance HealthCare's
common stock from its prior financial sponsors earlier this year,"
said S&P Global Ratings credit analyst Matthew O'Neill.  As a
result, S&P revised its financial policy assessment to neutral from
FS-5.  However, this does not significantly change S&P's view of
financial risk because it believes that the company will likely
maintain leverage around 5x over time, reflecting in part S&P's
belief that Alliance will continue to use the majority of its cash
flow for business expansion, as opposed to meaningful debt
reduction.

S&P's ratings on Alliance reflect a largely single business focus
in a fragmented diagnostic imaging market with somewhat low
barriers to entry, pricing pressure, and a relatively high
fixed-cost structure.  While the company has expanded into the
faster-growing oncology and interventional services segments, about
two-thirds of EBITDA still comes from radiology.  The market for
the company's radiology services has become much more competitive
and margins have declined over the past several quarters as
contracts have been renewed at less favorable rates.  At the same
time, the company has significantly increased capital spending on
new mobile machines to serve new clients to offset price-driven
revenue declines.  However, revenue growth has been modest to date
and margin erosion has more than offset volume growth.  While S&P
expects that the company will generate flat margins in 2016 that,
combined with revenue growth, should result in some debt reduction,
S&P thinks that leverage could remain at current levels in the
mid-5x range if pricing pressures are more severe than S&P
anticipates.

S&P's negative outlook on Alliance HealthCare reflects risks to
S&P's base case that leverage will decline this year given
continued pricing pressure and the recent trend of flat revenues
despite heavy capital spending.

S&P could lower the rating if the company is unable to grow EBITDA
in 2016, resulting in leverage above 5.5x.  A downgrade could also
occur if organic revenues decrease and margins decline an
additional 100 basis points beyond S&P's base-case scenario, and
the company sustains leverage above 5.5x.

S&P could revise the outlook to stable if it gains confidence that
the company is able meet S&P's revised base case and sustain
leverage around the low-5x area.  In S&P's view, this would occur
if the company experiences greater pricing stability and is able to
convert elevated capital spending into stronger revenues and
EBITDA.


ALLY FINANCIAL: Fitch Affirms 'BB+' IDR, Outlook Stable
-------------------------------------------------------
Fitch Ratings has affirmed Ally Financial's Long-Term Issuer
Default Rating at 'BB+', Viability Rating (VR) and 'bb+' and
Short-Term IDR at 'B'.  The Rating Outlook is Stable.

The rating actions have been taken as part of Fitch's periodic peer
review of U.S. consumer lending-focused internet banks, which
comprises four publicly rated firms.

                         KEY RATING DRIVERS

IDRs, VRs, AND SENIOR DEBT

The rating affirmations reflect Ally's established franchise and
leading market position in the U.S. auto finance industry,
predominantly high credit quality assets, diverse funding base,
ample liquidity, adequate risk-adjusted capitalization and seasoned
management team.

Primary rating constraints include weaker financial performance
relative to more highly rated bank peers and credit performance
uncertainty surrounding recent vintages that were originated
outside of Ally's previous relationships with General Motors (GM)
and Chrysler.  Recent originations also reflect Ally's mix shift
towards a higher proportion of non-prime loans and used car
financing set against the backdrop of a more competitive
underwriting environment.  Additional rating constraints include
Ally's concentrated and cyclical business model, higher reliance on
wholesale funding sources relative to bank peers, and potential
interest rate sensitivity of internet-sourced deposits.

The Stable Rating Outlook reflects Fitch's view that while a number
of Ally's credit attributes are on an improving trend, the company
faces counterbalancing headwinds in the near term, including
navigating an increasingly competitive underwriting environment
which is expected to lead to asset quality and residual value
reversion.  The recent introduction of capital returns to
shareholders and product expansion into credit card and mortgage
(expected launch in 4Q16) lending, albeit on a low risk basis, are
not explicit rating constraints, but are other notable
considerations in Fitch's analysis.

Profitability has continued to improve over the past couple of
years supported by stable loan volumes, expanding margins due to
sales of loans with lower risk adjusted margins, funding mix shifts
and expense rationalization, partially offset by reserve building.
Core net income increased to $516 million in the first half of 2016
(1H16), up from $485 million in the prior year period.  Core return
on average assets (ROA) nearly doubled from the prior year to 0.92%
in 1H16, and core return on average tangible common equity (ROTCE)
increased to 9.75% in 2015, up from 8.66% in 2014.

Fitch expects Ally's financial performance over the next 12 months
to be supported by moderate loan growth, a further reduction in
Ally's funding costs as more loans are funded through the bank, and
continued operating expense rationalization.  These positive
contributors to earnings will be partially offset by higher loss
provisions as a result of industry credit normalization and the mix
shift within Ally's portfolio.  Nonetheless, based on its first
half performance Ally appears to be tracking below its financial
targets for 2016, which included growing adjusted EPS by at least
15% over 2015 and producing core ROTCE of 10%+; however, its
mid-40% efficiency ratio appears to be on target.

Consumer auto originations in 1H16 of $18.4 billion declined
roughly 11% from the same period a year ago, driven primarily by
declines in subvented lease and loan volume from GM, following GM
electing last year to offer subvention loan and lease programs to
dealers exclusively through General Motors Financial Company, Inc.
While Ally has been successful in replacing this volume through
other channels, given the dramatic shift in Ally's loan origination
mix over a relatively short period of time, the underlying credit
performance of the more recent vintages will be an important driver
of Ally's ratings.

Credit performance continues to gradually normalize, although
remains well below long-term historical averages.  Ally's retail
auto net charge-offs increased to 94bps in 2Q16, up 29bps from the
year-ago period in part driven by the sale of super-prime loans,
but remained below historical levels.  Ally's retail auto 30+ day
delinquencies increased to 2.60% of total loans, up 31bps from
year-ago period.  Reserve coverage remained strong at 1.4% of
consumer auto loans and 1.5x net charge-offs at June 30, 2016.
Fitch expects credit performance will continue to normalize, driven
by a portfolio mix shift, loan seasoning, and a moderation in used
car prices supporting recovery values.

In addition to internet-based deposits, Ally utilizes a diverse mix
of other sources across various debt markets including unsecured
debt, securitizations and bank loans.  Fitch views this strategy
positively as it reduces funding concentration risk and provides
more flexibility in the event that wholesale funding sources
(securitization and public debt markets) dry up or become cost
prohibitive, or if the online deposit platform experiences material
outflows in a rising interest rate environment.

At June 30, 2016, deposits represented 52% of Ally's total funding
with secured debt accounting for 30% and unsecured debt accounting
for 18% of total funding.  Short-term wholesale funding, including
$3.6 billion of unsecured demand notes, represented only 2.5% of
Ally's total funding at June 30, 2016.  Fitch views Ally's
increased use of retail deposit funding positively given the lower
cost and greater resiliency relative to wholesale funding during
periods of market stress.

Ally maintains adequate liquidity with $17.6 billion of total
consolidated liquidity at the end of the second quarter.  This
compared to unsecured debt maturities of $1.4 billion for the
remainder of 2016 and $4.4 billion in 2017.  At the parent company,
Ally had $6.8 billion of total liquidity including $1.1 billion of
committed unused capacity on its credit lines as of the same date.


Fitch views unused credit line capacity as an additional liquidity
source, but potentially less reliable than cash or high-quality
liquid assets, given that it generally requires eligible assets to
collateralize incremental funding.  Fitch believes the value of
eligible assets could be reduced during a period of market stress,
thereby affecting the company's liquidity position.  However,
Ally's loan portfolio is mostly unencumbered reflecting the
company's high mix of deposit and unsecured funding.

Ally remains well capitalized, as reflected by Basel III
Transitional Tier I capital and Tier I common ratios of 11.2% and
9.6%, respectively, as of June 30, 2016.  The company estimates
that the fully phased-in Basel III Tier I common ratio was 9.3% at
June 30, 2016.  Fitch views the company's capital position as
adequate given the risk profile of its balance sheet.

On June 29, 2016, Ally received a non-objection on its capital plan
from the Federal Reserve (Fed) as part of the Comprehensive Capital
Analysis and Review (CCAR) process.  This resulted in Ally
initiating a quarterly cash dividend of $0.08 per share to common
shareholders and authorizing a share repurchase program of up to
$700 million of common stock over the four quarters ended June 30,
2017.  Although this level of shareholder payout relative to net
income is consistent with other large banks, Fitch expects this
will slow the growth of Ally's regulatory capital ratios.

Ally's sensitivity to rising interest rates is relatively modest
compared to the peer group and traditional banks.  At June 30,
2016, assuming an immediate 100 bps increase in interest rates,
Ally estimates that net interest income over the following 12-month
period would decrease by approximately $18 million, or less than 1%
of Ally's 2015 net finance revenue.  In its analysis, the company
assumes that 75% of any interest rate increase by the Fed would be
passed onto depositors.  However, the interest rate sensitivity of
the online deposit channel remains untested during periods of
steadily rising interest rates.

            SUBORDINATED DEBT AND OTHER HYBRID SECURITIES

Ally's subordinated debt rating is rated one notch below Ally's VR
of 'bb+' in accordance with Fitch's assessment of each instrument's
respective non-performance and relative loss severity risk profile.
The subordinated note rating includes one notch for loss severity
given the subordination of these securities in the capital
structure, and zero notches for non-performance given contractual
limitations on interest payment deferrals and no mandatory trigger
events which could adversely impact performance.

The rating assigned to the trust preferred securities, series 2
issued out of GMAC Capital Trust I is 'b+', three notches below
Ally's VR of 'bb+'.  The rating reflects the subordination of the
securities and Ally's option to defer coupon payments, and is in
accordance with Fitch's assessment of each instrument's respective
non-performance and relative loss severity risk profile.

                SUPPORT RATING AND SUPPORT RATING FLOOR

Ally has a Support Rating of '5' and Support Rating Floor of 'NF'.
In Fitch's view, Ally is not systemically important, and therefore
the probability of sovereign support is unlikely.  Ally's IDRs and
VRs do not incorporate any support.

                    RATING SENSITIVITIES

VR, IDRs, AND SENIOR DEBT

Positive ratings momentum could potentially be driven by credit
performance on newer loan vintages, particularly the 2015 vintage,
that is consistent with Ally's historical experience, measured
growth in the increasingly competitive auto lending environment,
further improvements in profitability and operating fundamentals,
and further diversification of its funding mix toward more stable
retail deposits while operating with strong capital levels at both
the parent and Ally Bank.

Ally's ability to retain online deposit customers in a
cost-effective manner in a rising rate environment will also be a
key consideration in evaluating the strength of its funding profile
relative to traditional bank models.

A material decline in profitability and/or asset quality, reduced
capital and liquidity levels, an inability to access the capital
markets for funding on reasonable terms, and non-compliance with
potential new and more onerous regulations are among the drivers
that could generate negative rating momentum.

In particular, Fitch remains focused on the credit performance of
Ally's consumer auto portfolio mix as it continues to shift towards
other origination channels (e.g. used vehicles, nonprime
originations, new dealer relationships) and away from GM lease
subvention during a period when the competitive environment has
intensified.  Although Ally's exposure to residual value risk
should decline further with the decline in subvented lease volume,
to the extent that the higher risk profile of Ally's auto loan
portfolio outpaces the reduction in residual value risk, Ally's
ratings or Outlook could be pressured.

Similarly, Ally's rollout of new product initiatives, while viewed
as a having the potential to provide revenue diversification
longer-term, also creates other risks including execution risks,
increased reliance on third-party execution and reputational risk
that could result in ratings and Outlook pressure.

            SUBORDINATED DEBT AND OTHER HYBRID SECURITIES

The subordinated debt ratings are directly linked to Ally's VR and
would move in tandem with any changes in the VR.

The preferred stock ratings are directly linked to Ally's VR and
would move in tandem with any changes in Ally's credit profile.

SUPPORT RATING AND SUPPORT RATING FLOOR

Since Ally's Support and Support Rating Floors are '5' and 'NF',
respectively, there is limited likelihood that these ratings will
change over the foreseeable future.

Fitch has affirmed these ratings:

Ally Financial Inc.
   -- Long-Term IDR at 'BB+';
   -- Senior unsecured debt at 'BB+';
   -- Viability Rating at 'bb+';
   -- Subordinated debt at 'BB';
   -- Short-Term IDR at 'B';
   -- Short-term debt at 'B';
   -- Support Rating at '5';
   -- Support Floor at 'NF'.

GMAC Capital Trust I
   -- Trust preferred securities, series 2 at 'B+'.

GMAC International Finance B.V.
   -- Long-Term IDR at 'BB+';
   -- Short-Term IDR at 'B';
   -- Short-term debt at 'B';

The Rating Outlook is Stable.


AMERICAN EXPRESS: Fitch Affirms 'BB+' Rating on Preferred Shares
----------------------------------------------------------------
Fitch Ratings has affirmed American Express Company's (AXP)
Long-Term Issuer Default Rating (IDR) at 'A', Viability Rating (VR)
at 'a' and Short-Term IDR at 'F1'.  The Rating Outlook is
Negative.

The rating actions have been taken as part of Fitch's periodic peer
review of U.S. consumer lending-focused internet banks, which
comprises four publicly rated firms.

                        KEY RATING DRIVERS

VR, IDRs, AND SENIOR UNSECURED DEBT

The rating affirmations reflect AXP's strong franchise,
spend-centric business model, leading market position in the
payments industry, peer-superior credit performance, consistent
profitability, diverse funding base, ample liquidity, and strong
risk-adjusted capitalization.

Rating constraints include meaningful erosion in AXP's earnings
growth outlook, a modestly weakened market position and greater
earnings volatility stemming from competitive and regulatory
dynamics.  Specifically, AXP faces challenges stemming from the
loss of several co-brand card partnerships, most notably the
termination of its co-brand relationship with Costco Wholesale
Corporation (Costco) in the second quarter of 2016 (2Q16), which
had represented nearly 10% of AXP's consolidated revenue.
Additional rating constraints include AXP's concentrated and
cyclical business model, potential funding sensitivity associated
with wholesale and internet deposit funding sources, the likelihood
of asset quality reversion from current levels, and continued
elevated regulatory and legislative risk.

The maintenance of the Negative Rating Outlook reflects continued
execution risk as the company engages in strategic initiatives
aimed at addressing the challenges related to its profitability and
business model.  These initiatives include a $1 billion cost
reduction plan (run rate by the end of 2017), acceleration of
revolving loan growth by expanding its share of loans from its
existing Card Member base, achieving parity of merchant acceptance
with Visa and MasterCard in the U.S. by the end of 2019, and
accelerating revenue growth through increased penetration of the
small business and middle market components of its Global
Commercial Services segment.  At the same time, AXP is seeking to
respond to rapidly evolving technological developments in the
payment space and a period of, what Fitch views as, elevated
management turnover.

Although competitive intensity in the credit card sector has
manifested itself most recently in the bidding process for co-brand
partnerships, competition has also intensified in rewards offerings
to premium customers, particularly cash-back products. Other
payment networks have also become more aggressive in offering lower
interchange fees to merchants that produce significant volume, and
emerging payment technologies could further pressure merchant
pricing.  These developments could drive more rapid erosion of
AXP's discount rate and add additional pressure to operating
margins.

Additionally, the timing over which the company will be able to
re-establish its long-term financial targets is uncertain.  Recent
earnings guidance which included an estimated $1 billion pre-tax
gain from the expected sale of the Costco card portfolio, and
excluded any restructuring charges related to its ongoing cost
reduction initiatives implies that the company would be unable to
achieve its long-term EPS growth target of 12% - 15% until 2018 at
the earliest.  Likewise, revenue growth has fallen short of the
company's 8% long-term target in recent years, which has created
uncertainty as to whether such a level of growth is reasonably
attainable over the long term.

In addition to the previously mentioned secular headwinds, Fitch
believes several cyclical headwinds could pressure AXP's revenue
and EPS growth over the near term.  These include a stronger
dollar, higher interest rates, credit normalization, and weak
global economic growth.  Over the longer term, Fitch believes AXP's
operating performance should remain strong relative to peers,
supported by the company's largely fee-based business model and
scale advantages, the continued secular shift in global payments
away from cash and checks, a growing card member base, and
continued expense discipline.  Fitch also expects the company to
continue to seek to innovate and invest in new opportunities that
accelerate growth toward its longer-term financial targets.

Credit performance is expected to remain among the strongest of
large credit card issuers, although charge-offs and delinquencies
will likely start to normalize later this year, particularly as
balances from new accounts season.  Fitch expects provision
expenses to increase over the next several quarters driven
primarily by portfolio seasoning and loan balance growth, as well
as some modest deterioration in credit metrics.  Net charge-offs on
the lending portfolio increased 10 basis points (bps) to 1.5% in
the first half of 2016 (1H16) but remained well below other large
credit card issuers and are near historical lows.  Reserve coverage
remained strong at 1.8% of loans and 160% of loans past due at June
30, 2016.

Unlike many of its peers, rising interest rates are an earnings
headwind for AXP, although Fitch believes the impact from rising
interest rates is likely to be manageable.  At Dec. 31, 2015,
assuming an immediate 100 basis point increase in interest rates,
AXP estimates that net interest income (NII) over the following
12-month period would decrease by approximately $216 million.  The
durability of AXP's internet deposits in a rising interest rate
environment is also unproven.

The company's already strong regulatory capital ratios improved
further from the prior year end, driven in large part by the sale
of the Costco portfolio in June 2016.  The company's common equity
Tier I ratio increased 110 bps to 13.5% at the end of 2Q16.
Additionally, AXP continued to perform well relative to peers in
the Federal Reserve's most recent Comprehensive Capital Analysis
and Review (CCAR), albeit not quite to the degree of outperformance
in prior year CCARs.  As part of this review, AXP received a
non-objection related to its capital plan submitted in April 2016,
and announced a roughly 10% increase in its quarterly common
dividend and a share repurchase authorization of
$3.3 billion over the four quarters ended 2Q17.

Given a share repurchase program that is significantly below its
previous $6.6 billion (over five quarters) authorization, Fitch
expects AXP's payout ratio as a percentage of earnings to moderate
from the prior year's level when it exceeded 100% of net income.
Nonetheless, Fitch expects the company's regulatory capital ratios
to trend back toward 2015 levels over the next couple of years as
management emphasizes loan growth as part of its overall growth
strategy.

AXP's liquidity profile remains a rating strength.  AXP had
approximately $34 billion of readily available cash and marketable
securities at June 30, 2016, of which a portion is used to fund
daily operating activities. This compared to $16.7 billion of
long-term debt and certificate of deposit maturities over the next
12 months.  Of the $16.7 billion of debt and deposits maturing over
the next 12 months, $10.4 billion consisted of unsecured debt
maturities.  The company is also subject to the Liquidity Coverage
Ratio (LCR), a liquidity standard imposed by bank regulators to
measure liquidity under a stress scenario, which AXP reported that
it was in compliance with as of June 30, 2016.

The affirmation of AXP's Short-Term IDRs at 'F1' reflects the
strongest intrinsic capacity for timely payment of financial
commitments and maintains the correspondence between short-term and
long-term IDRs, as the 'F1' short-term IDR can correspond to both
an 'a+' and an 'a' VR under Fitch's criteria.

             SUBORDINATED DEBT AND OTHER HYBRID SECURITIES

AXP's rating on the 3.625% subordinated notes due December 2024 is
one notch below the entity's VR of 'a' in accordance with Fitch's
assessment of each instrument's respective non-performance and
relative loss severity risk profile.  The subordinated note rating
includes one notch for loss severity given the subordination of
these securities in the capital structure, and zero notches for
non-performance given contractual limitations on interest payment
deferrals and no mandatory trigger events which could adversely
impact performance.

AXP's preferred stock ratings are rated five notches below AXP's VR
of 'a' in accordance with Fitch's assessment of each instrument's
respective non-performance and relative loss severity risk profile.
The preferred stock ratings include two notches for loss severity
given these securities deep subordination in the capital structure,
and three notches for non-performance given that the coupons of
these securities are non-cumulative and fully discretionary.

                  LONG- AND SHORT-TERM DEPOSIT RATINGS

AXP Centurion Bank's and AXP Bank, FSB's uninsured deposit ratings
of 'A+/F1+' are rated one notch higher than their respective IDR's
because U.S. uninsured deposits benefit from depositor preference
in the U.S.  Fitch believes depositor preference in the U.S. gives
deposit liabilities superior recovery prospects in the event of
default.

                         HOLDING COMPANY

AXP's IDR and VR are equalized with those of its bank subsidiaries,
reflecting its role as the bank holding company, which is mandated
in the U.S. to act as a source of strength for its bank
subsidiaries.  Ratings are also equalized reflecting the very close
correlation between holding company and subsidiary failure and
default probabilities.

              SUPPORT RATING AND SUPPORT RATING FLOOR

AXP has a Support Rating of '5' and Support Rating Floor of 'NF'.
In Fitch's view, AXP is not systemically important and therefore,
the probability of sovereign support is unlikely.  AXP's IDRs and
VRs do not incorporate any support.

                       RATING SENSITIVITIES

IVR, IDRs, AND SENIOR DEBT
Negative rating action could be driven by an inability to execute
on management's growth initiatives and cost reduction plan, a
material degradation in credit performance beyond expected
normalization, a sharper than expected erosion in AXP's discount
rate, the termination of additional co-brand card relationships,
and/or meaningfully weaker liquidity and capital levels.  Negative
rating momentum could also be driven by additional regulatory
and/or legal challenges, technological developments in payments,
and increased competitive intensity that leads to significant
erosion in AXP's market share and competitive position.

That said, potential further negative rating actions would be
likely to be based on how several of the aforementioned factors
develop rather than a single factor, and a resolution is more
likely to occur toward the outer end of Fitch's Outlook period
given the deliberate pace at which several of these factors are
expected to evolve.

The Rating Outlook could be revised to Stable if the company is
able to demonstrate resiliency in its competitive position and
maintain operating performance that is consistently above peers
without meaningfully weakening its credit profile and/or
capitalization levels.

             SUBORDINATED DEBT AND OTHER HYBRID SECURITIES

The subordinated debt rating is directly linked to AXP's VR and
would move in tandem with any changes in AXP's credit profile.

The preferred stock ratings are directly linked to AXP's VR and
would move in tandem with any changes in AXP's credit profile.

                LONG-AND SHORT-TERM DEPOSIT RATINGS

AXP Centurion Bank and AXP Bank, FSB's uninsured deposit ratings
are rated one notch higher than each company's IDR and therefore
are sensitive to any changes in their respective IDR's.  The
deposit ratings are primarily sensitive to any change in AXP's
long- and short-term IDRs.

                          HOLDING COMPANY

Should AXP's holding company begin to exhibit signs of weakness,
demonstrate trouble accessing the capital markets, or have
inadequate cash flow coverage to meet near-term obligations, there
is the potential Fitch could notch the holding company IDR and VR
below the ratings of the operating companies.

              SUPPORT RATING AND SUPPORT RATING FLOOR

Since AXP's Support and Support Rating Floors are '5' and 'NF',
respectively, there is limited likelihood that these ratings will
change over the foreseeable future.

Fitch has affirmed these ratings:

American Express Company
   -- Long-Term IDR at 'A';
   -- Short-Term IDR at 'F1';
   -- Viability Rating at 'a';
   -- Senior debt at 'A';
   -- Short-term debt at 'F1'
   -- 3.625% subordinated notes due December 2024 at 'A-';
   -- Preferred shares, series B at 'BB+';
   -- Preferred shares, series C at 'BB+';
   -- Support at '5';
   -- Support Floor at 'NF'.

American Express Credit Corp.
   -- Long-Term IDR at 'A';
   -- Short-Term IDR at 'F1';
   -- Senior debt at 'A';
   -- Short-term debt at 'F1'.

American Express Centurion Bank
   -- Long-Term IDR at 'A';
   -- Short-Term IDR at 'F1';
   -- Viability Rating at 'a'.
   -- Senior debt at 'A';
   -- Long-term deposits at 'A+';
   -- Short-term deposits at 'F1+';
   -- Support at '5';
   -- Support Floor at 'NF'.

American Express Bank, FSB
   -- Long-Term IDR at 'A';
   -- Short-Term IDR at 'F1';
   -- Viability Rating at 'a'.
   -- Senior debt at 'A';
   -- Long-term deposits at 'A+';
   -- Short-term deposits at 'F1+';
   -- Support at '5';
   -- Support Floor at 'NF'.

American Express Travel Related Services Company, Inc.
   -- Long-Term IDR at 'A';
   -- Short-Term IDR at 'F1'.

American Express Canada Credit Corp.
   -- Long-Term IDR at 'A';
   -- Short-Term IDR at 'F1'.
   -- Senior debt at 'A'.

The Rating Outlook is Negative.


AMPLIPHI BIOSCIENCES: Amends Consulting Agreement with Interim COO
------------------------------------------------------------------
AmpliPhi Biosciences Corporation entered into an amendment to the
Consulting Agreement, dated Sept. 3, 2015, between the Company and
Wendy S. Johnson, its interim chief operating officer.  In
accordance with the Amendment, Ms. Johnson will continue to receive
monthly consulting fees for the services provided to the Company
during the consulting period.  In addition, Ms. Johnson is eligible
for an additional cash payment of $100,000 for contributions made
during fiscal year 2016, with such payment subject to and payable
upon the achievement of a specified clinical milestone by Dec. 31,
2016.  The term of the Consulting Agreement, as amended, will
expire on Dec. 31, 2016, unless extended by mutual written
agreement of the parties.

                         About AmpliPhi

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

Ampliphi Biosciences reported a net loss attributable to common
stockholders of $10.8 million on $475,000 of revenue for the year
ended Dec. 31, 2015, compared to net income attributable to common
stockholders of $21.8 million on $409,000 of revenue for the year
ended Dec. 31, 2014.

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

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


ANCESTRY.COM HOLDINGS: S&P Affirms 'B' CCR; Outlook Stable
----------------------------------------------------------
S&P Global Ratings said that it affirmed its 'B' corporate credit
rating on Lehi, Utah-based Ancestry.com Holdings LLC.  The rating
outlook remains stable.

At the same time, S&P assigned its 'B' issue-level and '3' recovery
ratings to Ancestry.com's proposed first-lien secured credit
facility, which consists of a $100 million revolving credit
facility due 2021 and a $1.35 billion term loan due 2023.  The '3'
recovery rating indicates S&P's expectation for meaningful recovery
(50%-70%; lower half of the range) of principal in the event of a
payment default.

S&P also assigned its 'CCC+' issue-level and '6' recovery ratings
to the company's $550 million second-lien secured term loan.  The
'6' recovery rating indicates S&P's expectation for negligible
recovery (0%-10%) of principal in the event of a payment default.

The 'B' corporate credit rating reflects Ancestry.com's niche
market position, reliance on one website for the majority of its
revenue, its high lease-adjusted leverage, and its aggressive
financial policy.  S&P expects leverage to increase to above 7x as
a result of this refinancing, although it should decline over the
next two years due to EBITDA growth.  While the amount of debt is
increasing, there will only be a minor impact on interest expense
as the company is increasing its proportion of lower interest
first-lien debt in its capital structure.  S&P is expecting that
the company will continue to generate substantial levels of
discretionary cash flow because the minor increase in interest
expense will be more than offset by EBITDA growth.  The company's
healthy cash flow generation is a key rating factor that
differentiates its from lower rated peers.

Ancestry.com is the global leader in the consumer market for online
family history research, even though it has prominent competitors
that offer genealogical content at no charge.  The company's main
website, Ancestry.com, has more than 2.4 million subscribers and
accounts for over 70% of its revenue. Ancestry.com has a modest
degree of geographic diversity, generating about 80% of its
subscription revenue from the U.S., 10% from the U.K., and the
remainder primarily from Australia, Canada, and Sweden.

Key risk factors for the company are the highly discretionary
nature of its product and its need to keep its customers engaged
with new content.  The company has been aggressively acquiring new
content, and S&P expects its content spending to remain flat in
2016.  Although content spending lowers discretionary cash flow,
additional content could provide an incentive for current
subscribers to continue using the service and could also provide
the foundation for Ancestry.com to launch new services in
additional countries.  S&P views the company's collection of
records as a meaningful barrier to entry to the business.

The company's two main growth initiatives are geographic expansion
and AncestryDNA.  AncestryDNA, a DNA kit testing for family
history, was launched in 2012 and has been growing significantly
faster than the rest of the company.  The growth in this segment
has also contributed to subscription growth in the core business as
roughly 15% of AncestryDNA customers become subscription customers.
Although AncestryDNA is related to the core business of family
history, it provides a minor amount degree of revenue diversity.

"We view customer relationship management as a significant risk,
given the highly discretionary nature of the service provided and
the customer time commitment involved.  Marketing and advertising
is the company's largest operating expense, reflecting keen
competition in this business.  Ancestry.com exhibited strong growth
during and since the 2008-2009 recession.  However, maintaining its
high growth could be difficult, in our view, given the relatively
high subscription cost ($16 to $45 per month), the size of the
total addressable market, and the moderately high subscription
churn.  We expect the company's EBITDA margin to stay at about 30%
as it continues to invest in content and marketing spending and as
its DNA business' lower EBITDA margin offsets the fixed-cost
leverage in the subscription business.  Ancestry.com's EBITDA
margin compares favorably with those of other subscription
services' in the media and entertainment industry," S&P said.

Ancestry.com is financial sponsor-owned, and it has a history of
high leverage and multiple debt-financed dividends.  This
transaction, which includes an estimated $471 million dividend,
further reinforces our view of the company's financial policy as
aggressive.  S&P expects that the company's adjusted debt leverage
will decrease to below 6x by 2018, from roughly 7.5x at the end of
2016, mainly due to EBITDA growth and minimal debt repayment.
However, S&P assess the risk of future re-leveraging will remain
high.  Despite its high leverage, the company generates substantial
amounts of discretionary cash flow.  S&P expects that the company
will end 2016 with DCF to debt of roughly 7% and that this ratio
will increase over the next few years.

S&P's base-case scenario assumes these:

   -- U.S. GDP growth of 2% in 2016 and 2.4% in 2017;
   -- Revenue growth in the low-20% rate in 2016 and a low-teen
      percentage rate in 2017, mainly due to the increase in DNA
      kit sales and DNA customer conversion to core subscribers;
   -- Adjusted EBITDA margin decreasing slightly in 2016 due to
      increased expenses and the lower margin nature of the DNA
      business; and
   -- Capital expenditures (excluding content development
      spending) of about $20 million to $25 million in 2016 and
      2017.

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

   -- Leverage of roughly 7.5x at the end of 2016, decreasing to
      6.5x by 2017,

   -- Discretionary cash flow to debt of about 7% in 2016 and 7.7%

      in 2017, and

   -- Adjusted EBITDA coverage of interest increasing moderately
      to about 2.1x by year-end 2016 and 2.5x by 2017.

The stable outlook reflects S&P's expectation that Ancestry.com's
leverage will be in the mid-7x area for the fiscal year ending
December 31st, 2016, but it will decline due to EBITDA growth in
2017 and 2018.  S&P also expects that the company will generate
healthy discretionary cash flow while maintaining adequate
liquidity over the next 12 months.

S&P could lower the corporate credit rating over the next year if
the company's revenue growth declines to the single-digit percent
area and its adjusted EBITDA margin contracts to the mid-20% area,
leading to adjusted DCF to debt below 4%.  This could result from
stagnation in the core subscriber business because of increasing
competition, market saturation, or a disruption in its DNA
business.  S&P believes that lower cash flow levels, coupled with
its already high leverage, would make this company compare
unfavorably with 'B' rated peers.

Although unlikely over the next 12 months, an upgrade could occur
if the company profitably broadens its scale of operations, and
commits to a less aggressive financial policy, which S&P views as a
low probability due to the company's financial sponsor ownership.


ANTREL FLORIDA: Wants to Use Beach Developers Cash Collateral
-------------------------------------------------------------
Antrel Florida Business, LLC, asks the U.S. Bankruptcy Court for
the Southern District of Florida for authorization to use cash
collateral.

The Debtor owns and operates a residential rental property located
at 250 Sunny Isles Boulevard, Unit 3-705, Sunny Isles Beach,
Florida.  

Beach Developers, LLC holds a first-mortgage security interest on
the property.  A Final Judgment of Foreclosure was entered on May
26, 2016, in favor of Beach Developers in the amount of
$531,493.36.

The Debtor contends that the cash it generates from rental receipts
may constitute cash collateral.  The Debtor further contends that
it requires the use of cash collateral for the continued operation
of its business in the ordinary course, including the ongoing,
contractual mortgage payment to Beach Developers, condominium
association dues, and the expenses detailed in the Debtor's
proposed Budget.

The Debtor tells the Court that without the use of the cash
collateral, it will be forced to discontinue its business operation
and will be unable to provide its secured creditors with their
contractual ongoing monthly payments.  The Debtor seeks to cure any
arrearages owed in respect to Beach Developers' lien through
immediate ongoing monthly payments in the amount of approximately
$2,100 for 14 months.  The Debtor also seeks to remit to Beach
Developers payment in the amount of $3,491.30 for the pendency of
the bankruptcy, representative of the Debtor's contractual mortgage
payment and escrow payment.

A full-text copy of the Debtor's Motion, dated September 26, 2016,
is available at https://is.gd/Urp9HG

Beach Developers, LLC can be reached at:

          BEACH DEVELOPERS, LLC
          3211 Ponce de Leon Blvd., Suite 301
          Miami, FL 33134-7274

               About Antrel Florida Business, LLC.

Antrel Florida Business, LLC, filed a Chapter 11 petition (Bankr.
S.D. Fla. Case No. 16-22282) on September 4, 2016.  The petition
was signed by  Fabrizio Cozzetti Petecof, president.  The Debtor is
represented by Matis H. Abarbanel, Esq., at Loan Lawyers, LLC.  The
Debtor estimated assets and liabilites at $500,001 to $1 million at
the time of the filing.



AOXING PHARMACEUTICAL: Delays Filing of Fiscal 2016 Form 10-K
-------------------------------------------------------------
Aoxing Pharmaceutical Company, Inc., disclosed in a regulatory
filing with the Securities and Exchange Commission that its annual
report on Form 10-K could not be filed within the required time
because there was a delay in completing the procedures necessary to
close the books for the year ended June 30, 2016.

                          About Aoxing

Aoxing Pharmaceutical Company, Inc., has one operating
subsidiary, Hebei Aoxing Pharmaceutical Co., Inc., which is
organized under the laws of the People's Republic of China.
Since 2002, Hebei Aoxing has been engaged in developing narcotics
and pain management products.  In 2008 Hebei Aoxing supplemented
its product lines by acquiring Shijiazhuang Lerentang
Pharmaceutical Company, Ltd., a specialty pharmaceutical company
focusing on herbal pain related therapeutics.  The Company owns
95% of the equity in Hebei Aoxing.

Aoxing Pharmaceutical reported net income attributable to
shareholders of the Company of $5.49 million on $25.48 million of
sales for the year ended June 30, 2015, compared to a net loss
attributable to shareholders of the Company of $8.21 million on
$12.7 million of sales for the year ended June 30, 2014.

As of March 31, 2016, Aoxing had $58.92 million in total assets,
$38.37 million in total liabilities and $20.55 million in total
equity.

BDO China Shu Lun Pan Certified Public Accountants LLP, in
Shanghai, People's Republic of China, issued a "going concern"
qualification on the consolidated financial statements for the
year ended June 30, 2015, stating that the Company accumulated a
large deficit and a working capital deficit that raise
substantial doubt about its ability to continue as a going
concern.


APEX ENDODONTICS: Disclosures Approved, Nov. 1 Plan Hearing Set
---------------------------------------------------------------
Apex Endodontics of TN, PLLC, obtained an order from the U.S.
Bankruptcy Court for the Middle District of Tennessee approving the
Disclosure Statement in support of its Plan of Reorganization.

Judge Marian Harrison will convene a hearing on Nov. 1, 2016, at
9:00 a.m. in Nashville, Tennessee, to consider confirmation of the
Plan.

The deadline for written objections to the Plan is on Oct. 16.

                  About Apex Endodontics of TN

Apex Endodontics of TN, PLLC, sought protection under Chapter 11
(Bankr. M.D. Tenn. Case No. 16-01708) on March 10, 2016. The
petition was signed by Graham Locke, DDS, member.  The Debtor is
represented by Griffin S. Dunham, Esq., at Dunham Hildebrand,
PLLC.
The case is assigned to Judge Marian F. Harrison.  The Debtor
estimated assets of $500,000 to $1 million and debts of $1 million
to $10 million at the time of the filing.


APRICUS BIOSCIENCES: Closes Sale of Common Stock and Warrants
-------------------------------------------------------------
Apricus Biosciences, Inc., and certain investors mutually  mutually
agreed to terminate a Securities Purchase Agreement, dated Sept.
22, 2016, effective immediately.  No shares of common stock were
sold under the Original Agreement and no additional shares of the
Company's common stock will be offered or sold pursuant to the
Original Agreement or the prospectus supplement dated as of Sept.
22, 2016, and filed with the Securities and Exchange Commission on
Sept. 26, 2016.  The parties terminated the Original Agreement in
order to conduct a new registered direct offering pursuant to a new
purchase agreement with the Investors.

On Sept. 27, 2016, the Company entered into the Purchase Agreement
with the Investors for the sale by the Company of an aggregate of
10,824,018 common shares at a purchase price of $0.345 per share.
Concurrently with the sale of the Common Shares, pursuant to the
Purchase Agreement the Company also sold warrants to purchase an
aggregate of up to 8,118,014 shares of Common Stock.  The aggregate
gross proceeds for the sale of the Common Shares and Warrants will
be approximately $3.7 million.  Subject to certain ownership
limitations, the Warrants will be exercisable six months following
the closing date at an exercise price equal to $0.45 per share of
Common Stock, subject to adjustments as provided under the terms of
the Warrants.  The Warrants are exercisable for five years from the
initial exercise date.  The closing of the sales of these
securities under the Purchase Agreement occurred on
Sept. 28, 2016.

The net proceeds to the Company from the transactions, after
deducting the placement agent's fees and expenses but before paying
the Company's estimated offering expenses, and excluding the
proceeds, if any, from the exercise of the Warrants, are expected
to be approximately $3.4 million.  The Company intends to use the
net proceeds from the transactions for general corporate and
working capital purposes.

The Common Shares (but not the Warrants or shares issuable upon
exercise of the Warrant) were offered and sold by the Company
pursuant to an effective shelf registration statement on Form S-3,
which was filed with the SEC on August 12, 2014 and subsequently
declared effective on August 25, 2014 (File No. 333-198066), and a
related prospectus.

As previously disclosed, the Company entered into an engagement
letter on Sept. 20, 2016 with Rodman & Renshaw, a unit of H.C.
Wainwright & Co., LLC, pursuant to which Wainwright agreed to serve
as exclusive placement agent for the issuance and sale of the
Common Shares and Warrants.  The Company has agreed to pay
Wainwright an aggregate fee equal to 7.0% of the gross proceeds
received by the Company from the sale of the securities in the
transaction.  Pursuant to the Engagement Letter, the Company also
agreed to grant to Wainwright or its designees warrants to purchase
up to 5.0% of the aggregate number of shares of Common Stock sold
in the transactions.  The Engagement Letter has a six month tail
and right of first offer period (subject to certain limitations),
indemnity and other customary provisions for transactions of this
nature.  The Wainwright Warrants have substantially the same terms
as the Warrants, except that the Wainwright Warrants will have a
term of five years and an exercise price equal to 125% of the
Purchase Price.  The Wainwright Warrants and the shares issuable
upon exercise of the Wainwright Warrants will be issued in reliance
on the exemption from registration provided by Section 4(a)(2) of
the Securities Act as transactions not involving a public offering
and in reliance on similar exemptions under applicable state laws.
The Company will also pay Wainwright a reimbursement for legal fees
and expenses of the placement agent in the amount of $50,000.

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

                         goo.gl/80fYf6

                   About Apricus Biosciences

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

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

The Company's balance sheet at June 30, 2016, showed total assets
of $6.17 million, total liabilities of $15.60 million and
stockholders' deficit of $9.44 million.

BDO USA, LLP, in La Jolla, California, issued a "going concern"
qualification on the consolidated financial statements for the year
ended Dec. 31, 2015, citing that the Company has negative working
capital and has suffered recurring losses and negative cash flows
from operations that raise substantial doubt about its ability to
continue as a going concern.


ARR MEDICAL: Asks Court to Extend Exclusive Periods
---------------------------------------------------
Arr Medical Group, PSC asks the U.S. Bankruptcy Court for the
District of Puerto Rico to extend its exclusive periods to file its
disclosure statement and plan of reorganization, and to secure
votes to confirm its plan of reorganization, for 35 days and 65
days, respectively.

The Debtor relates that there are pending negotiations with its
creditors that need to be resolved prior to the filing of its
disclosure statement and plan of reorganization.  The Debtor
further relates that any extension of time will not harm the
creditors, but will increase the possibilities of a successful
reorganization.

                  About Arr Medical Group, PSC.

Arr Medical Group, PSC, filed for Chapter 11 bankruptcy protection
(Bankr. D.P.R. Case No. 16-00400) on Jan. 22, 2016.  Mary Ann
Gandia Fabian, Esq., at Gandia-Fabian Law Office serves as the
Debtor's bankruptcy counsel.



ATP OIL: Summary Judgment Favoring Bennu Oil Affirmed
-----------------------------------------------------
Judge Gray H. Miller of the United States District Court for the
Southern District of Texas, Houston Division, affirmed the
bankruptcy court's memorandum opinion granting Bennu Oil & Gas,
LLC's motion for summary judgment and the amended judgment.  Judge
Miller also denied Harvey Gulf International Marine, Inc.'s request
for oral submission of the matter, upon finding it unnecessary.

The case arose out of the Chapter 11 bankruptcy proceeding
initiated by ATP Oil & Gas Corporation and involves whether Harvey
Gulf has a Senior Lien on ATP's assets, which are now owned by
Bennu.  

On September 21, 2012, the Bankruptcy Court issued a Final Debtor
In Possession Order which defined "Senior Prior Liens" as liens
that are senior in priority to the "Prepetition Liens," which are
those liens that were attached and perfected no later than June 21,
2010.

Harvey Gulf claimed ATP failed to pay it $2,885,133.50 for the
services Harvey Gulf provided to ATP.  Harvey Gulf contended in the
Bankruptcy Court that it has a Senior Lien because a contract it
signed with ATP allowed the relation back date to start when Harvey
Gulf first provided services to ATP, even though the work for which
Harvey Gulf seeks to be paid was provided in 2012.

On August 25, 2015, the Bankruptcy Court granted Bennu's motion for
summary judgment, finding that Harvey Gulf's alleged statutory
liens did not constitute Senior Liens because the Louisiana Oil
Well Lien Act forecloses Harvey Gulf's relation back argument.  The
bankruptcy court issued an amended judgment on October 6, 2015,
consistent with the findings of its memorandum opinion.

Harvey Gulf sought de novo review of the bankruptcy court's
judgment, contending that the language in the Farmout Agreement
signed by ATP and Harvey Gulf clearly provided that Harvey Gulf's
gap in work would not be deemed a cessation or interruption in work
for lien purposes, and that the lien should run from Harvey Gulf's
original start date.  The Farmout Agreement contained a provision
that all work provided by Harvey Gulf "shall not be deemed to be
interrupted or cease for lien purposes."  Harvey Gulf contended
that the language in the Farmout Agreement modified the terms set
out in LOWLA, allowing the parties to disregard any period of
interruption or cessation.

After reviewing the applicable Louisiana statutes and case law,
Judge Miller found that the Farmout Agreement is unenforceable as
it relates to modifying the relation back requirement set out in
LOWLA.  The judge held that Harvey Gulf cannot modify LOWLA because
these liens are "creatures of statute" and Louisiana case law has
held that lien statutes must be strictly construed.  

The facts indicate that Harvey Gulf rendered services for ATP
during two intervals separated by a 352-day gap from April 29, 2010
to April 11, 2011.  Judge Miller found that the language of the
statute is clear and that Harvey Gulf's almost one-year hiatus
constitutes a gap that exceeded LOWLA's 90-day continuity
requirement.  The judge concluded that Harvey Gulf's lien for its
2012 work did not predate the Senior Lien Deadline because its
one-year hiatus prevented it from relating back to May 31, 2009.

Judge Miller also held that the Bankruptcy Court did not err when
it ruled that the Farmout Agreement's attempt to modify the
requirements of LOWLA was unenforceable, because a strict
interpretation of LOWLA would not allow for modification of the
statute.

The case is HARVEY GULF INTERNATIONAL MARINE, INC., Appellant, v.
BENNU OIL & GAS, LLC, Appellee, Civil Action No. H-15-2798 (S.D.
Tex.).
A full-text copy of Judge Miller's September 20, 2016 memorandum
opinion and order is available at https://is.gd/Yjz9z0 from
Leagle.com.

ATP Oil & Gas Corporation is represented by:

         Bonnie N. Hackler, Esq.
         HALL ESTILL
         320 South Boston Avenue, Suite 200
         Tulsa, OK 74103-3706
         Tel: (918)594-0400
         Fax: (918)594-0505

           -- and --

         Charles Stephen Kelley, Esq.
         MAYER BROWN LLP
         700 Louisiana Street, Suite 3400
         Houston, TX 77002-2730
         Tel: (713)238-3000
         Fax: (713)238-4888
         Email: ckelley@mayerbrown.com

           -- and --

         Kay A. Theunissen, Esq.
         MAHTOOK LAFLEUR, LLC
         600 Jefferson St, 10th Floor
         Lafayette, LA 70501
         Tel: (337)266-2189
         Fax: (337)266-2303
         Email: ktheunissen@mandllaw.com

           -- and --

         Timothy Aaron Million, Esq.
         HUGHES WATTERS ASKANSE
         Total Plaza
         1201 Louisiana, 28th Floor
         Houston, TX 77002
         Tel: (713)759-0818
         Fax: (713)759-6834
         Email: tmillion@hwa.com

Harvey Gulf International Marine, LLC is represented by:

         Robin B. Cheatham, Esq.
         Scott Robert Cheatham, Esq.
         ADAMS REESE
         One Shell Square
         701 Poydras Street, Suite 4500
         New Orleans, LA 70139
         Tel: (504)581-3234
         Fax: (504)566-0210
         Email: robin.cheatham@arlaw.com
                scott.cheatham@arlaw.com

Bennu Oil & Gas, LLC is represented by:

         Phillip Lewis Lamberson, Esq.
         WINSTEAD PC
         500 Winstead Building
         2728 N. Harwood Street
         Dallas, TX 75201
         Tel: (214)745-5400
         Fax: (214)745-5390
         Email: plamberson@winstead.com

                       About ATP Oil

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

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

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

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

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

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


AUTHENTIDATE HOLDING: Delays Form 10-K Over AEON Acquisition
------------------------------------------------------------
Authentidate Holding Corp. has filed with the Securities and
Exchange Commission a Form 12b-25 notifying the delay in the filing
of its annual report on Form 10-K for the year ended
June 30, 2016.

As previously reported, on Jan. 27, 2016, Peachstate Health
Management LLC, d/b/a AEON Clinical Laboratories was merged into a
newly formed acquisition subsidiary of Authentidate Holding Corp.,
pursuant to a definitive Agreement and Plan of Merger dated
Nov. 18, 2015, as Amended and Restated on Jan. 26, 2016.  Effective
as of the closing of the AEON Acquisition, (i) Mr. Sonny Roshan,
the former Chairman of AEON, was appointed the Chairman of the
Company, which is an executive officer position at the Company and
assumed the role of Chief, (ii) Mr. Richard Hersperger, the former
chief executive officer of AEON, assumed the role of chief
executive officer of the Company and (iii) the Company's then chief
executive officer, Ian C. Bonnet, resigned.  Additionally, pursuant
to the terms of the Merger Agreement, effective with the closing of
the AEON Acquisition, Mr. William A. Marshall agreed to tender his
resignation as chief financial officer, treasurer and principal
accounting officer of the Company, to be effective no later than
March 1, 2016.  As the Company and Mr. Marshall did not further
extend the term of his employment, Mr. Marshall's resignation as
the chief financial officer, treasurer and principal accounting
officer of the Company became effective on March 1, 2016.  On March
3, 2016, the Company appointed Thomas P. Leahey its new interim
chief financial officer, effective immediately.  Additionally, on
Aug. 7, 2016, the employment of Mr. Hersperger terminated and Mr.
Roshan assumed the role of chief executive officer of the Company

The principal reason for the delay in the filing of the Annual
Report on Form 10-K for the fiscal year June 30, 2016, was the AEON
Acquisition, which, among other things, resulted in a complete
change in the management of the Company.  Additional time is needed
for AEON and the Company to compile and complete all necessary
financial information for the first combined year end period
related to the financial statements.  The Company intends to file
the Form 10-K for the fiscal year June 30, 2016 as soon as
practicable following the date hereof, and will make every effort
to file the Form 10-K within the fifteen-day extension period
afforded by SEC Rule 12b-25 under the Securities Exchange Act of
1934, as amended, although there can be no assurance that the
Company will file the Form 10-K for the fiscal year ended June 30,
2016 during the fifteen-day extension period.

                    About Authentidate

Authentidate Holding Corp. and its subsidiaries provide secure
web-based revenue cycle management applications and telehealth
products and services that enable healthcare organizations to
increase revenues, improve productivity, reduce costs, coordinate
care for patients and enhance related administrative and clinical
workflows and compliance with regulatory requirements.  The
Company's web-based services are delivered as Software as a Service
(SaaS) to its customers interfacing seamlessly with billing,
information and document management systems.  These solutions
incorporate multiple features and security technologies such as
business-rules based electronic forms, intelligent routing,
transaction management, electronic signatures, identity
credentialing, content authentication, automated audit trails and
remote patient management capabilities.  Both web and fax-based
communications are integrated into automated, secure and trusted
workflow solutions.

Authentidate reported a net loss of $9.7 million on $3.68 million
of total revenues for the year ended June 30, 2015, compared to a
net loss of $7.14 million on $5.55 million of total revenues for
the year ended June 30, 2014.

As of March 31, 2016, Authentidate had $55.2 million in total
assets, $11.5 million in total liabilities and $43.7 million in
total shareholders' equity.

EisnerAmper 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's recurring losses
from operations and negative cash flows from operations raise
substantial doubt about its ability to continue as a going concern.


AWR WHOLESALE: Seeks to Hire Martin Wolfson as Tax Consultant
-------------------------------------------------------------
AWR Wholesale Inc. seeks approval from the U.S. Bankruptcy Court
for the Southern District of New York to hire Martin Wolfson as its
tax consultant.

The Debtor proposes to hire a tax consultant in connection with the
investigation and resolution of the tax claims of the Internal
Revenue Service, New York State Department of Tax, and New York
City Department of Finance.

Mr. Wolfson will be paid $225 an hour for his services, and will
receive reimbursement for work-related expenses.

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

Mr. Wolfson's contact information is:

     Martin Wolfson
     35 Osprey Drive
     Old Bridge, NJ 08857
     Phone: 732-615-8971
     Fax: 866-583-7570
     Email: mbwolfie@gmail.com

                    About AWR Wholesale Inc.

AWR Wholesale Inc, sought protection under Chapter 11 (Bankr.
S.D.N.Y. Case No. 16-11691) on June 9, 2016. The petition was
signed by Alan Moss, president.  The Debtor is represented by
Gilbert A. Lazarus, Esq., at Law Office of Gilbert A. Lazarus,
PLLC.  The Debtor estimated assets of $1 million to $10 million and
debts of $100,000 to $500,000.

The case is assigned to Judge James L. Garrity, Jr.


AZURE MIDSTREAM: Obtains Defaults Waiver Extension Until Oct. 28
----------------------------------------------------------------
Azure Midstream Partners, LP, entered into a Limited Duration
Waiver Agreement and Amendment No. 6 to Credit Agreement with Wells
Fargo Bank, National Association, as administrative agent and other
lenders.

The terms of the Sixth Amendment extend the waiver of certain
covenant defaults until Oct. 28, 2016.  Borrowing capacity under
the Credit Agreement continues to be $173.7 million.  The Sixth
Amendment also required the Partnership to deliver to the banks, by
Oct. 11, 2016, a sale plan and a capital raise plan as described in
the Agreement.

A full-text copy of the Limited Duration Waiver Agreement and
Amendment is available for free at https://is.gd/19kzrA

                   About Azure Midstream

Azure Midstream Partners, LP, is a publicly traded Delaware master
limited partnership that was formed by NuDevco Partners, LLC and
its affiliates to develop, own, operate and acquire midstream
energy assets.  The Company currently offers: (i) natural gas
gathering, compression, dehydration, treating, processing, and
hydrocarbon dew-point control and transportation services to
producers, marketers and third-party pipeline companies through our
gathering and processing business segment; and (ii) crude oil
logistics services to Associated Energy Services, LP, an affiliate,
through its logistics business segment.

As of June 30, 2016, Azure had $418.37 million in total assets,
$236.88 million in total liabilities and $181.48 million in total
partners' capital.

Azure reported a net loss of $222.42 million for the year ended
Dec. 31, 2015, compared to a net loss of $6.82 million for the year
ended Dec. 31, 2014.

KPMG LLP, in Dallas, Texas, issued a "going concern" qualification
on the consolidated financial statements for the year ended
Dec. 31, 2015, citing that the Partnership anticipates being out of
compliance with the requirements in the Credit Agreement during
2016, which would accelerate the maturity of the outstanding
indebtedness making it currently due and payable.  The Partnership
does not have sufficient liquidity to meet the accelerated debt
service requirements.  This issue raises substantial doubt about
its ability to continue as a going concern.

                         *    *    *

As reported by the TCR on Sept. 23, 2016, S&P Global Ratings
lowered its corporate credit rating on Azure Midstream Energy LLC
to 'CCC+' from 'B-'.  "The downgrade reflects our view that Azure's
credit measures have worsened due to unfavorable commodity prices
and weak industry conditions, which has made it more challenging to
meet its financial commitments," S&P Global Ratings analyst Mike
Llanos said.

The TCR reported on Aug. 15, 2016, that Moody's Investors Service
downgraded Azure Midstream Energy LLC's Corporate Family Rating
(CFR) to Caa2 from B3, Probability of Default Rating (PDR) to
Caa2-PD from Caa1-PD, senior secured term loan rating to Caa2 from
B3, and the senior secured revolving credit facility rating to B1
from Ba3.  The Speculative Grade Liquidity rating was withdrawn.
The outlook remains negative.


BAERG REAL PROPERTY: Case Summary & 20 Largest Unsecured Creditors
------------------------------------------------------------------
Debtor: Baerg Real Property Trust
           dba Lake Bluffs Apartments
           dba Lakeview Village
           dba The Woods Apartments
           dba Oakway Manor Apartments
        1351 E. Interstate 30
        Garland, TX 75043

Case No.: 16-33793

Chapter 11 Petition Date: September 29, 2016

Court: United States Bankruptcy Court
       Northern District of Texas (Dallas)

Judge: Hon. Barbara J. Houser

Debtor's Counsel: Joyce W. Lindauer, Esq.
                  JOYCE W. LINDAUER ATTORNEY, PLLC
                  12720 Hillcrest Road, Suite 625
                  Dallas, TX 75230
                  Tel: (972) 503-4033
                  Fax: (972) 503-4034
                  E-mail: joyce@joycelindauer.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Hal Baerg, Jr., trustee.

A copy of the Debtor's list of 20 largest unsecured creditors is
available for free at http://bankrupt.com/misc/txnb16-33793.pdf


BAILEY HILL: Seeks to Hire DiSanto Priest as Accountant
-------------------------------------------------------
Bailey Hill Management, LLC seeks approval from the U.S. Bankruptcy
Court for the District of Connecticut to hire an accountant.

The Debtor proposes to hire DiSanto, Priest & Co. to prepare tax
returns and provide general accounting services.  

DiSanto will receive a retainer of $1,500, which will remain
property of the Debtor until the court approves the use of the
retainer to pay fees.  In the event DiSanto provides any court
testimony to the Debtor, the firm will bill the Debtor at the rate
of $255 per hour.

The source of payment to the firm will be funds borrowed from 207
Tracy Road Associates, LLC, according to court filings.

Lori Conaty, a certified public accountant employed with DiSanto,
disclosed in a court filing that the firm does not represent any
interest adverse to the Debtor or its estate.

The firm can be reached through:

     Lori Conaty
     DiSanto, Priest & Co.
     117 Metro Center Boulevard, Suite 3000
     Warwick, RI 02886

The Debtor is represented by:

     Jeffrey Hellman, Esq.
     Law Offices of Jeffrey Hellman, LLC
     195 Church Street – 10th Floor
     New Haven, CT 06510
     Tel.: (203) 691-8762
     Fax: (203) 823-4401
     Email: jeff@jeffhellmanlaw.com

                  About Bailey Hill Management

Bailey Hill Management, LLC filed a Chapter 11 bankruptcy petition
(Bankr. D. Conn. Case No. 16-20005) on January 4, 2016.  Hon. Ann
M. Nevins presides over the case.  Groob Ressler & Mulqueen, P.C.
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 Edward R. Eramian,
managing member of the Debtor.


BASIC ENERGY: Obtains Forbearance Extension Until Oct. 16
---------------------------------------------------------
Basic Energy Services, Inc., and certain subsidiaries announced
that the Company, its secured term loan lenders and secured
asset-based revolver lenders, and certain of its unsecured
bondholders have taken steps to enable the continuation of
negotiations regarding a deleveraging transaction.

On Sept. 14, 2016, the Company entered into a forbearance agreement
with over 81% of the holders of the 7.75% senior notes due 2019
with respect to the previously announced 30-day grace period
related to an $18.4 million payment of interest under the 2019
Notes.  Under the forbearance agreement, the unsecured noteholders
agreed to forbear from exercising their rights and remedies,
including the right to accelerate any indebtedness, through Sept.
28, 2016, in connection with the interest payment default.
Additionally, the Company's Secured Lenders agreed to provide
temporary waivers of certain existing and future defaults under the
Term Loan and ABL Facility related, in part, to the missed interest
payment.

During the Forbearance Period, the Company and its creditors have
continued to make progress in their negotiations regarding a
deleveraging transaction.  To provide the Company with additional
time to continue and conclude these discussions, the Company has
reached an agreement with over 81% of the holders of the 2019 Notes
to extend the Forbearance Period through Oct. 16, 2016.  The
Company's Secured Lenders have also agreed to provide extensions of
their respective temporary waivers through the Extension Period.

Roe Patterson, Basic's president and chief executive officer,
reiterated, "We look forward to continuing our restructuring
discussions with our Secured Lenders and unsecured bondholders
during the Extension Period, and I am grateful to our creditors for
their continued support and cooperation.  The extension of the
forbearance and temporary waivers will provide the time we need to
accomplish a mutually acceptable financial restructuring plan that
provides Basic with a sustainable capital structure that supports
the Company's long-term business plan and results in long-term
value generation for the benefit of our employees, customers,
vendors, and all other stakeholders."

The Company continues to have ample liquidity to continue efficient
and uninterrupted operations in the ordinary course and meet all of
its obligations to suppliers, customers, and employees.  

Additional information is available for free at goo.gl/sCSugx

                     About Basic Energy

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

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

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

                          *    *     *

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

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


BATAVIA NURSING: Trustee Taps Patrick Mather as Accountant
----------------------------------------------------------
The Chapter 11 trustee of Batavia Nursing Home LLC and Geriatric
Realty Corp. seeks approval from the U.S. Bankruptcy Court for the
Western District of New York to hire an accountant.

Melanie Cyganowski, the court-appointed trustee, proposes to hire
Patrick Mather to provide accounting services, which include the
preparation of income tax returns for both Debtors for the years
2014 to 2016.   

Mr. Mather will be paid an hourly rate of $100 for his services.  

In a court filing, Mr. Mather disclosed that he does not hold any
interest adverse to the trustee and the Debtors' estate, and that  
he is a "disinterested person" as defined in section 101(14) of the
Bankruptcy Code.

Mr. Mather's contact information is:

     Patrick Mather
     159 Dwight Park Circle, Suite 101
     Syracuse, NY 13209
     Phone: (315) 451-5414

                   About Batavia Nursing Home

Based in Williamsville, New York, Batavia Nursing Home LLC filed
for Chapter 11 protection on Sept. 19, 2011 (Bankr. W.D. N.Y. Lead
Case No. 11-13223).  Judge Michael J. Kaplan presides over the
case.  Arthur G. Baumeister, Jr., Esq., at Amigone, Sanchez, et
al., represents the Debtors.  The Debtor estimated both assets and
debts of between $1 million and $10 million.

Melanie L. Cyganowski, Esq., at Otterbourg, Steindler, Houston &
Rosen, P.C. was appointed on Feb. 15, 2012, by the State
Department of Health as new director and operator of the Batavia
Nursing Home's facility at 257 State St. in New York.  She was
also named the court-appointed trustee of the nursing home.


BEAR METALLURGICAL: Needs Until January 2017 to File Plan
---------------------------------------------------------
Gulf Chemical & Metallurgical Corporation and Bear Metallurgical
Company ask the U.S. Bankruptcy Court for the Western District of
Pennsylvania to extend their exclusive period (a) to file Chapter
11 Plan, through and including Jan. 10, 2017, and (b) to solicit
acceptances of its plan, through and including March 13, 2017.

The Debtors intend to propose one or more consensual plans, but
need additional time to formulate and negotiate the details. The
Debtors aver that the requested extensions of the Exclusivity
Period and Solicitation Period are intended to facilitate the
continued marketing of the Gulf assets and the distribution of the
proceeds of the Bear sale in the most efficient way.

The Debtor assert that this additional time will also allow the
Debtors to, among other things, negotiate the structure of a plan
or plans with Comilog and the Committee, allocate proceeds from the
sales of their assets, and continue to assess the amount and
categories of claims against the estates.

Recently, the Debtors' primary focus, in addition to operations,
has been on the marketing and sale of substantially all of their
assets and reaching resolutions with their major creditor
constituencies -- Comilog Holding, the Official Committee of
Unsecured Creditors and the Texas Commission on Environmental
Quality.

The Debtors relate that after the receipt of multiple bids and an
auction, the Court approved the sale of substantially all of
Bear’s assets on Sept. 13, 2016, and Bear management is working
on a closing the sale in the coming weeks. The Debtors further
relate that Gulf and its advisors continue to actively market
Gulf's assets and have been in regular contact with several parties
who have expressed interest.

In addition, the Debtors, the Committee, and Comilog have been
working to achieve a global settlement between the parties which
provides for a sharing of Comilog’s collateral with the
bankruptcy estate, benefitting all creditors. This settlement was
approved by the Court.

Finally, Gulf and TCEQ worked diligently to reach a global
settlement regarding TCEQ's claims that benefitted the estate by
fixing TCEQ's claims but subordinating them by agreement to allow
other creditors an opportunity for a recovery.

                      About Bear Metallurgical

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

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

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


BEE-ALIVE INC: Case Summary & 20 Largest Unsecured Creditors
------------------------------------------------------------
Debtor: Bee-Alive, Inc.
        151 North Rt 9 W, Suite B
        Congers, NY 10920

Case No.: 16-23353

Chapter 11 Petition Date: September 30, 2016

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

Judge: Hon. Robert D. Drain

Debtor's Counsel: Abraham M. George, Esq.
                  THE LAW OFFICE OF ABE GEORGE
                  44 Wall Street, 2nd Floor
                  New York, NY 10005
                  Tel: 212-498-9803
                  Fax: 646-558-7503
                  E-mail: abegeorgenyc@gmail.com
                          abe@abegeorge.lawyer

Total Assets: $588,873

Total Liabilities: $1.74 million

The petition was signed by Jason Balletta, owner and president.

A copy of the Debtor's list of 20 largest unsecured creditors is
available for free at http://bankrupt.com/misc/nysb16-23353.pdf


BGM PASADENA: Confirmation Hearing on Cantor Plan Vacated
---------------------------------------------------------
Judge Sheri Bluebond of the U.S. Bankruptcy Court for the Central
District of California extended BGM Pasadena, LLC's exclusive
period to solicit acceptances of its plan of reorganization
December 2, 2016.

Judge Bluebond pronounced null and void the Disclosure Statement
and the Creditor's Chapter 11 Plan of Reorganization, filed by
Cantor Group, LLC, and vacated the Oct. 19, 2016 scheduled hearing
on the Disclosure Statement and Plan.

As earlier reported by the Troubled Company Reporter, the Debtor
asked for a 90-day extension from the Court to confirm its plan and
believes that additional time will facilitate the successful
resolution of its case which is designed to facilitate
reorganization, not to pressure creditors.

The Debtor avers that it is still involved in negotiations with
Cantor Group, LLC, on the terms of a Stipulation to resolve the
treatment of Cantor's claim, the Debtor's counsel asked Cantor's
counsel if Cantor would agree to a shortened notice period to allow
the Disclosure Statement to be heard on less than 36 days' notice,
but counsel said his client would prefer to have it noticed on
regular time.  Per the Stipulation, the amended disclosure
statement and plan were filed on July 27, 2016, and set for hearing
on Sept. 7, 2016, which was the next-available hearing date that
allowed for regular-notice.

                        About BGM Pasadena

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


BHAKTA LLC: Disclosures Conditionally OK'd; Plan Hearing on Nov. 2
------------------------------------------------------------------
The Hon. Michael G. Williamson of the U.S. Bankruptcy Court for the
Middle District of Florida has conditionally approved Bhakta, LLC's
disclosure statement.

The Court will conduct on Nov. 2, 2016, at 9:30 a.m. 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.  Objections to the Disclosure Statement
and the confirmation of the Plan must be filed no later than seven
days before the date of the Confirmation Hearing.

Parties-in-interest will 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
will file a ballot tabulation no later than 96 hours prior to the
time set for the Confirmation Hearing.

All creditors and parties in interest that assert a claim against
the Debtor which arose after the filing of this case, including all
professionals seeking compensation from the estate of the Debtor
must file with the Court motions or applications for the allowance
of the claims no later than 15 days after Sept. 21, 2016.

                         About Bhakta LLC

Bhakta, LLC sought protection under Chapter 11 of the Bankruptcy
Code in the Middle District of Florida (Tampa) (Case No. 16-04425)
on May 23, 2016.  The petition was signed by Umesh Bhakta, mgrm.  

The Debtor disclosed total assets of $1.2 million and total debts
of $2.62 million.

Stanley J Galewski, Esq., at Galweski Law Group, P.A., serves as
the Debtor's bankruptcy counsel.


BJORNER ENTERPRISES: Can Use Cash Collateral on Final Basis
-----------------------------------------------------------
Judge Alan Jaroslovsky of the U.S. Bankruptcy Court for the
Northern District of California authorized Bjorner Enterprises,
Inc., to use cash collateral on a final basis.

Judge Jaroslovsky authorized the Debtor to use rental income and
other cash collateral from the real property commonly known as 2535
Madrona Ave., St. Helena, California, to pay debt service, taxes,
repairs and maintenance, insurance, utility, and third party
leasing commission expenses.

A full-text copy of the Order, dated Sept. 26, 2016, is available
at https://is.gd/9Iwl73

              About Bjorner Enterprises

Bjorner Enterprises, Inc., filed a chapter 11 petition (Bankr. N.D.
Cal. Case No, 16-10637) on July 26, 2016.  The petition was signed
by John Bjorner, president.  The Debtor is represented by John H.
MacConaghy, Esq., at MacConaghy & Barnier, PLC.  The case is
assigned to Judge Alan Jaroslovsky.  The Debtor estimated assets
and debts at $1 million to $10 million at the time of the filing.


BULOVA TECHNOLOGIES: Amends Third Quarter Form 10-Q
---------------------------------------------------
Bulova Technologies Group, Inc., filed with the Securities and
Exchange Commission an amendment to its quarterly report on Form
10-Q/A for the three and nine months ended June 30, 2016, which
amends the Quarterly Report on Form 10-Q that was originally filed
on Aug. 22, 2016, to:

  1. comply with Rule 10-01(d) Regulation S-X, which requires
     interim financial statements included in quarterly reports on
     Form 10-Q to be reviewed by an independent public accountant
     using professional standards and procedures for conducting
     those reviews, as established by generally accepted auditing
     standards; and
  
  2. to include the required certifications of the Company's
     Principal Executive Officer and Principal Financial and
     Accounting Officer as required by Sections 302 and 906 of the

     Sarbanes-Oxley Act.

For the three months ended June 30, 2016, the Company reported a
net loss of $1.25 million on $6.80 million of revenues compared to
a net loss of $946,485 on $291,776 of revenues for the three months
ended June 30, 2015.

For the nine months ended June 30, 2016, the Company reported a net
loss of $5.02 million on $12.20 million of revenues compared to a
net loss of $4.15 million on $1.25 million of revenues for the nine
months ended June 30, 2015.

As of June 30, 2016, Bulova had $20.56 million in total assets,
$44.26 million in total liabilities and a total shareholders'
deficit of $23.69 million.

As of June 30, 2016, the Company's sources of liquidity consisted
of new debt as well as new sales reported in the commercial sales
and service business segment along with the new sales in the
transportation segment of the business.

As of June 30, 2016, the Company had $812,415 in cash and cash
equivalents.

Cash flows used in operating activities was $2,086,193 for the nine
months ended June 30, 2016.

Cash flows used in investing activities was $4,839,272 for the nine
months ended June 30, 2016

Cash flows provided by financing activities were $7,217,533 for the
nine months ended June 30, 2016, and consisted primarily of new
loans associated with the Company's acquisition of a trucking
company.

The Company's ability to cover its operating and capital expenses,
and make required debt service payments will depend primarily on
its ability to generate operating cash flows.

"The Company's business may not generate cash flows at sufficient
levels, and it is possible that currently anticipated contract
awards may not be achieved.  If we are unable to generate
sufficient cash flow from operations to service our debt, we may be
required to reduce costs and expenses, sell assets, reduce capital
expenditures, refinance all or a portion of our existing debt as
well as our operating needs, or obtain additional financing and we
may not be able to do so on a timely basis, on satisfactory terms,
or at all.  Our ability to make scheduled principal payments or to
pay interest on or to refinance our indebtedness depends on our
future performance and financial results, which, to a certain
extent, are subject to general economic, political, financial,
competitive, legislative and regulatory factors beyond our
control," the Company stated in the report.

While the Company believes that anticipated revenues resulting from
its expanded efforts relative to its transportation and commercial
sales segments will be sufficient to bring profitability and a
positive cash flow to the Company, it is uncertain that these
results can be achieved.  Accordingly, the Company will, in all
likelihood have to raise additional capital to operate.  There can
be no assurance that such capital will be available when needed, or
that it will be available on satisfactory terms.

A full-text copy of the Form 10-Q/A is available for free at
goo.gl/jP00OQ

                         About Bulova

Bulova Technologies Group, Inc. was originally incorporated in
Wyoming in 1979 as "Tyrex Oil Company".  During 2007, the Company
divested itself of all assets and previous operations.  During
2008, the Company filed for domestication to the State of Florida,
and changed its name to Bulova Technologies Group, Inc. and changed
its fiscal year from June 30 to September 30.

Bulova reported a net loss of $5.26 million for the year ended
Sept. 30, 2015, compared to a net loss of $3.76 million for the
year ended Sept. 30, 2014.


C&D PRODUCE: Authorized to Use Cash Collateral on Interim Basis
---------------------------------------------------------------
Judge Paul G. Hyman, Jr. of the U.S. Bankruptcy Court for the
Southern District of Florida, authorized C&D Produce Outlet, Inc.
and C&D Produce Outlet - South, Inc., to use cash collateral on an
interim basis.

The Debtors' cash collateral is subject to the trust established by
the Perishable Agricultural Commodities Act, by virtue of the
Debtors' purchase of wholesale quantities of perishable
agricultural commodities and license under the PACA.  Freshpoint
South Florida, Inc., Freedom Fresh, LLC and Fresko Foods, LLC are
PACA trust creditors of the Debtors in the approximate outstanding
aggregate principal amount of $203,000, plus interest, costs and
reasonable attorney's fees.

The following claim to have security interests in the Debtors'
assets:

     (a) GFS Florida, LLC, which claims to have a security interest
in certain cash collateral of Debtor C & D South, and all its
assets.

     (b) Corporation Service Company, as representative of an
unknown party, which claims to have a security interest in certain
cash collateral of C & D South, as well as a lien on all of the
Debtors' assets. Corporation Service Company also claims to have a
security interest in certain cash collateral of the Debtors, and
purports to have alien on all of C & D - South's operating
accounts, accounts receivable, credit card and charge card
receivables, cash on hand and on deposit in banks, among others.

     (c) Distinct Capital, which claims to have a security interest
in certain cash collateral of Debtor C & D-South and a lien on all
of its property.

     (d) Happy Rock Merchant Solutions, which claims to have a
security interest in certain cash collateral of the Debtors, by
virtue of three Merchant Sales Agreements, whereby the Debtors
agreed to sell their future receivables including all debit card
and credit card receivables to Happy Rock Merchant Solutions.
Happy Rock Merchant Solutions did not file UCC-1 Financing
Statements in its name perfecting its security interest in the
Debtor's assets.

The Debtors were directed to make monthly adequate protection
payments to Freshpoint South Florida and Fresko Foods in the amount
of $1,000 for each creditor.  The Debtors were also directed to
make monthly adequate protection payments to Freedom Fresh in the
amount of $500.

Judge Hyman acknowledged that the use of cash collateral by the
Debtors is necessary for an effective reorganization and to avoid
harm to the Debtors' bankruptcy estate.  

Freshpoint South Florida, Freedom Fresh, and Fresko Foods were
granted a replacement lien, to the same extent as their prepetition
liens.

A final hearing on the Debtors' use of cash collateral is scheduled
on Dec. 20, 2016 at 9:30 a.m.

A full-text copy of the Interim Order, dated Sept. 26, 2016, is
available at http://tinyurl.com/h36nqma

                About C&D Produce Outlet

C & D Produce Outlet, Inc., and C & D Produce Outlet - South, Inc.,
filed separate chapter 11 petitions (Bankr. S.D. Fla. Case Nos.
16-15760 and 16-15764) on April 21, 2016.  The Petitions were
signed by the Debtors' President, Carol Saldana.  The Debtors are
represented by Craig I. Kelley, Esq., at Kelley & Fulton, P.L.  

At the time of filing, the C & D Produce Outlet, Inc., estimated $0
to $50,000 in assets and $100,000 to $500,000 in liabilities.  C &
D Produce Outlet - South, Inc., estimated $0 to $50,000 in assets
and $500,000 to $1 million in debt.



CANNABIS SCIENCE: May Issue 400 Million Shares Under Equity Plan
----------------------------------------------------------------
Cannabis Science, Inc. filed a Form S-8 registration statement with
the Securities and Exchange Commission to register 400,000,000
shares of common stock of the Company issuable under the Company's
2016 Equity Award Plan B.  A full-text copy of the regulatory
filing is available for free at goo.gl/WTlkE7

                         About Cannabis

Cannabis Science, Inc., was incorporated under the laws of the
State of Colorado, on Feb. 29, 1996, as Patriot Holdings, Inc.  On
Aug. 26, 1999, the Company changed its name to National Healthcare
Technology, Inc.  On June 6, 2007, the Company changed its name
from National Healthcare Technology, Inc., to Brighton Oil & Gas,
Inc., and converted to a Nevada corporation.  On March 25, 2008 the
Company changed its name to Gulf Onshore, Inc.  On April 6, 2009,
the Company changed its name to Cannabis Science, Inc., and
obtained a new CUSIP number.  

Cannabis is at the forefront of medical marijuana research and
development.  The Company works with world authorities on
phytocannabinoid science targeting critical illnesses, and adheres
to scientific methodologies to develop, produce, and commercialize
phytocannabinoid-based pharmaceutical products.  In sum, the
Company is dedicated to the creation of cannabis-based medicines,
both with and without psychoactive properties, to treat disease and
the symptoms of disease, as well as for general health
maintenance.

As of June 30, 2016, Cannabis had $2.01 million in total assets,
$5.14 million in total liabilities and a stockholders' deficit of
$3.13 million.

The Company reported a net comprehensive loss of $18.6 million in
2015, following a net comprehensive loss of $16.9 million in 2014.

Turner, Stone & Company, L.L.P., Certified Public Accountants,
issued a "going concern" opinion on the Company's consolidated
financial statements for the year ended Dec. 31, 2015, citing that
the Company has suffered recurring losses from operations since
inception, has a working capital deficiency and will need to raise
additional capital to fund its business operations and plans.
Furthermore, there is no assurance that any capital raise will be
sufficient to complete the Company's business plans.  These
conditions raise substantial doubt about its ability to continue as
a going concern, the auditors said.


CARLOS DE LA ZARGA JR: Sale of Mineral and Production Interest OKd
------------------------------------------------------------------
Judge Ronald B. King of the U.S. Bankruptcy Court for the Western
District of Texas authorized Carlos A. De La Garza, Jr., and Janice
B. De La Garza to sell their Texas Mineral and Production Interest,
more particularly described as Webb County Texas Mineral and
Production Interest, to Todd Davis for $200,000.

The sale is free and clear of all liens, claims and encumbrances.

The net sales proceeds from the Texas Mineral and Production
Interest, other than the proceeds to be paid to Webb County, Texas
for ad valorem taxes and to Sean A. Everett, commission are to be
paid to the Debtors, Carlos A. De La Garza, Jr. and Janice B. De La
Garza.

The Debtors, upon receipt of the sales proceeds will deposit said
funds into the trust account of Debtors' counsel, James S.
Wilkins.

The Order is not stayed pursuant to Rule 6004(g).

Carlos A. De La Garza, Jr. and Janice B. De La Garza sought Chapter
11 protection (Bankr. W.D.  Tex. Case No. 16-50471) on Feb. 29,
2016.


CASA MEDIA: Wants Exclusive Plan Filing Deadline Moved to Dec. 27
-----------------------------------------------------------------
Casa Media Partners, LLC, and Casa en Denver, Inc. ask the U.S.
Bankruptcy Court for the Southern District of Florida to extend
their exclusive period to file a plan of reorganization for an
additional 90 days, through and including Dec. 27, 2016, and a
corresponding 60-day extension of the period for the Debtors to
seek acceptance of the plan, through and including Feb. 27, 2016.

The Debtors and Bank of Commerce have been involved in substantive
settlement discussions stemming from an in-person settlement
conference held between the parties on July 9, 2015, in New York,
and numerous additional discussions following that meeting,
culminating in a mediation between the parties that has led to a
proposed resolution that the parties are in the process of jointly
drafting for review and approval by the Court.

The Debtors request an additional extension of the exclusivity
period and acceptance period as the outcome of the settlement
discussions between the Parties may impact the terms of the
Debtors' proposed plan.

                      About Casa Media

Casa Media Partners, LLC, and Casa en Denver, Inc., commenced
Chapter 11 bankruptcy cases (Bankr. S.D. Fla. Case Nos. 15-16741
and 15-16746) in Miami, Florida on April 15, 2015.  The petition
was signed by Juan Salvador Gonzalez, the chief financial officer.

Judge Hon. Robert A Mark presides over the cases.  The Debtors are
represented by Kristopher Aungst, Esq., at Tripp Scott, P.A., as
their counsel.  According to the docket, the deadline to file
claims for governmental units is Oct. 13, 2015.


CHESAPEAKE ENERGY: S&P Raises CCR to 'CCC+'; Outlook Negative
-------------------------------------------------------------
S&P Global Ratings said that it raised its corporate credit rating
on Oklahoma City-based exploration and production company
Chesapeake Energy Corp. to 'CCC+' from 'SD' (selective default).
The rating outlook is negative.

At the same time, S&P assigned its 'CCC-' issue-level rating and
'6' recovery rating to the company's proposed $850 million
convertible notes due 2026.  The '6' recovery rating indicates
S&P's expectation for negligible (0%-10%) recovery of principal in
the event of a payment default.

S&P also raised its issue-level ratings on the company's
$4 billion first-lien credit facility and $1.5 billion first-lien
second-out term loan to 'B' from 'B-', and removed the ratings from
CreditWatch, where S&P had placed them with positive implications
on Aug. 19, 2016.  The recovery ratings remain '1', indicating
S&P's expectation for very high (90%-100%) recovery of principal in
the event of a payment default.

Additionally, S&P raised its issue-level rating on the company's
$2.425 billion second-lien notes to 'B' from 'CCC+' and removed it
from CreditWatch positive.  S&P also revised the recovery rating to
'1' from '2', indicating its expectation for very high recovery
(90%-100%) of principal in the event of a payment default.

S&P also raised its issue-level ratings on the company's
euro-denominated notes due 2017 and contingent convertible notes
due 2035 to 'CCC-' from 'CC' and removed them from CreditWatch
positive.  The recovery ratings remain '6', indicating S&P's
expectation for negligible (0%-10%) recovery of principal in the
event of a payment default.

S&P's 'D' issue-level ratings on Chesapeake's senior unsecured debt
and preferred stock are not affected.

"The upgrade of Chesapeake to 'CCC+', which is one notch above the
'CCC' pre-tender corporate credit rating, reflects the company's
improving liquidity and our expectation that its credit measures
will strengthen over the next 12-18 months.  Chesapeake has
successfully executed several transactions in 2016 to improve both
its liquidity and financial performance," said S&P Global Ratings'
credit analyst Paul Harvey.  Notably these transactions include the
company's conveyance of its Barnett Shale assets to Total S.A.,
which should raise estimated cash flows by $200 million to $300
million annually through 2019; reduce estimated gathering,
processing, and transportation costs by about $715 million through
2017, including eliminating related minimum volume commitments of
about $170 million for the remainder of 2016 and $230 million in
2017; and increase the PV-10 value of the company's reserves by an
estimated $550 million.

"The negative rating outlook reflects Chesapeake's still-high debt
leverage and our expectation for significant negative free cash
flow, and a heavy, albeit much improved, debt maturity schedule
through 2019," said Mr. Harvey.  "We believe the significant
improvements Chesapeake made to its liquidity in 2016 could erode
if the company fails to support expected negative cash flows
through further asset sales."  The company has forecast asset sales
of up to $1 billion--in addition to divestitures already announced
year-to-date.

S&P could lower the corporate credit rating if Chesapeake's
liquidity deteriorated.  This would likely occur if additional
sources of liquidity are not found to support 2018 expected capital
spending, debt maturities, and puts.

S&P could revise the outlook to stable or raise the rating if
Chesapeake can continue to improve its liquidity such that it has a
clear path to addressing its heavy debt maturity schedule, while
continuing to improve debt leverage.  This would likely occur in
conjunction with improving natural gas and crude oil prices as well
as material asset sales, including estimated asset sales of about
$1 billion over the next six to 12 months.



CHINA GINSENG: Delays Filing of Fiscal 2016 Form 10-K
-----------------------------------------------------
China Ginseng Holdings Inc. was unable, without unreasonable effort
or expense, to file its annual report on Form 10-K for the fiscal
year ended June 30, 2016, by the filing date of Sept. 28, 2016, due
to a delay experienced by the Company in completing its financial
statements and other disclosures in the Annual Report.

As a result, the Company is still in the process of compiling the
required information to complete the Annual Report and its
independent registered public accounting firm requires additional
time to complete its audit of the financial statements for the
fiscal year ended June 30, 2016, to be incorporated in the Annual
Report.  The Company anticipates that it will file the Annual
Report no later than the fifteen calendar days following the
prescribed filing date.

It is expected that for the fiscal year ended June 30, 2016, the
Company will report a net loss of approximately $9 million compared
to net loss of $3.90 million for the fiscal year ended
June 30, 2015.

                     About China Ginseng

Changchun City, China-based China Ginseng Holdings, Inc., conducts
business through its four wholly-owned subsidiaries located in
China.  The Company has been granted 20-year land use rights to
3,705 acres of lands by the Chinese government for ginseng
planting and it controls, through lease, approximately 750 acres
of grape vineyards.  However, recent harvests of grapes showed
poor quality for wine production which indicates that the
vineyards are no longer suitable for planting grapes for wine
production.  Therefore, the Company has decided not to renew its
lease for the vineyards with the Chinese government upon
expiration in 2013 and, going forward, it intends to purchase
grapes from the open market in order to produce grape juice and
wine.

China Ginseng reported a net loss of $3.90 million on $272,600 of
revenue for the year ended June 30, 2015, compared with a net loss
of $4.76 million on $2.61 million of revenue for the year ended
June 30, 2014.

As of March 31, 2016, China Ginseng had $8.66 million in total
assets, $21.40 million in total liabilities and a total
stockholders' deficit of $12.73 million.

Cowan, Gunteski & Co., P.A., in Tinton Falls, NJ, issued a "going
concern" qualification on the consolidated financial statements for
the year ended June 30, 2015, citing that the Company had net
losses of $3.90 million and $4.76 million for the years ended June
30, 2015 and 2014, respectively, an accumulated deficit of $18.1
million at June 30, 2015 and a working capital deficit of
$16.5 million at June 30, 2015, and there are existing uncertain
conditions the Company faces relative to its ability to obtain
working capital and operate successfully.  These conditions raise
substantial doubt about its ability to continue as a going concern.


CHOICE HEALTH: Case Summary & 20 Largest Unsecured Creditors
------------------------------------------------------------
Debtor: Choice Health Care, Inc.
           dba Rapha Vacular Specialists
           dba Premier Vein Institute
           dba Vascular & Interventional Pavilion a/k/a VIP
           dba Premier Vein and Vacular Pavillion
        1881 W. Kennedy Blvd., Suite A
        Tampa, FL 33606

Case No.: 16-08452

Chapter 11 Petition Date: September 29, 2016

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

Debtor's Counsel: Herbert R Donica, Esq.
                  DONICA LAW FIRM PA
                  106 S Tampania Avenue #250
                  Tampa, FL 33609
                  Tel: 813-878-9790
                  Fax: 813-878-9746
                  E-mail: ecf-hrd@donicalaw.com
                          herb@donicalaw.com

Estimated Assets: $0 to $50,000

Estimated Liabilities: $1 million to $10 million

The petition was signed by Stephen J. Steller, president.

A copy of the Debtor's list of 20 largest unsecured creditors is
available for free at http://bankrupt.com/misc/flmb16-08452.pdf


CLEMENTS-MOORE INC: Case Summary & 5 Unsecured Creditors
--------------------------------------------------------
Debtor: Clements-Moore, Inc.
        9894 Bissonnet Suite 340 and 325
        Houston, TX 77036

Case No.: 16-34822

Chapter 11 Petition Date: September 29, 2016

Court: United States Bankruptcy Court
       Southern District of Texas (Houston)

Judge: Hon. Marvin Isgur

Debtor's Counsel: Willard Penn Conrad, Esq.
                  ATTORNEY AT LAW
                  9898 Bissonnet, Ste 112
                  Houston, TX 77036
                  Tel: 713-777-4077
                  Fax: 713-777-1034
                  E-mail: wpenn@peoplepc.com

Total Assets: $5,500

Total Liabilities: $1.67 million

The petition was signed by Naomi Moore, president.

A copy of the Debtor's list of five unsecured creditors is
available for free at http://bankrupt.com/misc/txsb16-34822.pdf


COMPASS MINERALS: S&P Lowers CCR to 'BB' on New Term Loan
---------------------------------------------------------
S&P Global Ratings said it lowered its corporate credit rating on
Overland Park, Kan.-based Compass Minerals International Inc. to
'BB' from 'BB+'.  The outlook is stable.

S&P also assigned its 'BB+' issue-level rating and '2' recovery
rating to the company's new $450 million term loan due 2021.  At
the same time, S&P lowered its rating on the company's existing
senior secured debt to 'BB+' from 'BBB'.  In addition, S&P revised
the recovery rating on the secured debt to '2' from '1', indicating
S&P's expectation of substantial (70%-90%; lower half of the range)
recovery in the event of a default.

At the same time, S&P lowered the issue-level rating on the
company's senior unsecured debt to 'BB-' from 'BB+'.  This was
associated with recovery ratings, which S&P revised to '5' from
'3', indicating its expectation of modest (10%-30%; upper half of
the range) recovery in the event of a default.

"This rating action mainly reflects the additional debt that
Compass Minerals is taking on," said S&P Global Ratings credit
analyst Chiza Vitta.  "While this acquisition and other ongoing
efforts in the plant nutrition segment come with greater
uncertainty about costs and performance, we recognize the
opportunities for growth while reducing the overall company's
sensitivity to weather."

The stable outlook reflects S&P's view that Compass Minerals will
maintain the rating over the next year.  While S&P expects credit
measures to improve, it do not expect the magnitude to be such that
an upgrade would be warranted within a year.

S&P could lower the rating if credit measures weaken such that it
expected adjusted leverage to remain above 4x beyond 2016.  This
could happen if Compass Minerals makes additional investments in
PDQ funded by growing its revolver usage.  S&P could also lower the
rating if operating costs and other investments cause liquidity to
deteriorate to a level S&P views as less than adequate.

S&P could raise the rating if it expects leverage to remain below
3x.  S&P could also raise the rating if PDQ's contribution warrants
an improvement in the Compass Minerals business risk profile
because of the additional size, as well as product and geographic
diversification.


CONSTELLATION ENTERPRISES: Has Until Jan. 11 to File Plan
---------------------------------------------------------
Judge Christopher S. Sontchi of the U.S. Bankruptcy Court for the
District of Delaware extended Constellation Enterprises LLC, et
al.'s exclusive periods to file a chapter 11 liquidating plan and
solicit acceptances to the plan, through January 11, 2017 and March
13, 2017, respectively.

The Debtors previously sought the extension of its exclusivity
periods, contending that one of the Debtors' necessary steps
towards exiting chapter 11 was to gain approval of and consummate
one or more sales of substantially all of their assets.  The
Debtors further contended that they have, thus far, been successful
towards accomplishing that goal. They added that they had conducted
two successful Sales, one resulting in a going-concern sale of
three of the Debtors' operating businesses and the other being a
liquidation of Columbus' business after an auction that generated
substantial value for the Debtors' estates.  

The Debtors related that they had engaged in good faith
negotiations with the Committee and the Ad Hoc Noteholder Group,
which resulted in the Settlement and an agreement among those
parties to reach consensus on a Resolution Mechanic for the Chapter
11 Cases.  The Debtors asserted that no one can dispute that the
Debtors have made good faith progress towards exiting chapter 11.

            About Constellation Enterprises, LLC

Constellation Enterprises LLC, through its subsidiaries,
manufactures custom engineered metal components for various end
markets such as rail transportation, oil and gas, general
industrial, nuclear, aerospace, and small gas engine markets. The
company was incorporated in 1996 and is based in Caldwell, Texas.

Constellation Enterprises LLC (Bankr. D. Del. Case No. 16-11213)
and its affiliates Columbus Holdings, Inc. (Bankr. D. Del. Case No.
16-11214), Columbus Steel Castings Company (Bankr. D. Del. Case No.
16-11215), Eclipse Manufacturing Co. (Bankr. D. Del. Case No.
16-11219), JFC Holding Corporation (Bankr. D. Del. Case No.
16-11221), Metal Technology Solutions, Inc. (Bankr. D. Del. Case
No. 16-11218), Steel Forming, Inc. (Bankr. D. Del. Case No.
16-11220), The Jorgensen Forge Corporation (Bankr. D. Del. Case No.
16-11222), Zero Corporation (Bankr. D. Del. Case No. 16-11216), and
Zero Manufacturing, Inc. (Bankr. D. Del. Case No. 16-11217) filed
for Chapter 11 bankruptcy protection on May 16, 2016.

The petitions were signed by William Lowry, chief financial
officer.

The Debtors estimated their assets at between $1 million and $10
million and their debts at between $100 million and $500 million.

Adam C. Rogoff, Esq., and Joseph A. Shifer, Esq., at Kramer Levin
Naftalis & Frankel LLP serve as the Debtors' bankruptcy counsel.
Daniel J. DeFranceschi, Esq., Zachary I. Shapiro, Esq., Rachel L.
Biblo, Esq., and Joseph C. Barsalona II, Esq., at Richards, Layton
& Finger, P.A., serve as the Debtors' co-counsel.

Imperial Capital, LLC, is the Debtors' financial advisor. Conway
Mackenzie Management Services LLC is the Debtors' crisis management
& restructuring services provider.

Epiq Bankruptcy Solutions, LLC, is the Debtors' claims and noticing
agent.       


CONTROL COMMUNICATIONS: Can Use BOA Cash on Interim Basis
---------------------------------------------------------
Judge John K. Olson of the U.S. Bankruptcy Court for the Southern
District of Florida authorized Control Communications, Inc., to use
Bank of America, N.A.'s cash collateral on an interim basis.

The Debtor was directed to make monthly adequate protection
payments to Bank of America in the amount of $2,835.

Bank of America was granted a first priority post-petition lien on
all cash of the Debtor generated postpetition.

A further hearing on the Debtor's use of cash collateral is
scheduled on Nov. 1, 2016 at 10:30 a.m.

A full-text copy of the Order, dated Sept. 26, 2016, is available
at http://tinyurl.com/hx5er39

            About Control Communications, Inc.

Control Communications, Inc., based in Fort Lauderdale, Fla., filed
a Chapter 11 petition (Bankr. S.D. Fla. Case No. 16-18978) on June
24, 2016.  The petition was signed by Sigilfredo Rodriguez, Jr.,
president.  The case is assigned to Judge John K. Olson.  The
Debtor is represented by Robert C. Furr, Esq. and Alvin S.
Goldstein, Esq. of Furr & Cohen, P.A.  The Debtor disclosed $1.07
million in assets and $1.77 million in liabilities.  



CRESCENT COMMUNITIES: Moody's Assigns Caa1 Rating on $400MM Notes
-----------------------------------------------------------------
Moody's Investors Service assigned a Caa1 rating to the proposed
new $400 million of five-year senior secured notes of Crescent
Communities, LLC, proceeds of which will be used, together with
cash on hand, to retire the company's existing $425 million of
senior secured notes due 2017. Crescent's B3 Corporate Family
Rating and B3-PD Probability of Default are unchanged. The rating
outlook is stable.
The stable outlook reflects Moody's expectation that Crescent will
continue to be profitable while gradually increasing its revenues
and gradually lowering its debt leverage.

The following rating actions were taken:

Proposed new $400 million of senior secured notes due 2021,
assigned Caa1, LGD5;

Corporate Family Rating, unchanged at B3;

Probability of Default, unchanged at B3-PD;

$425 million of 10.25% senior secured notes due 2017, unchanged at
Caa1, LGD5 (and will be retired with proceeds of the new notes)

Ratings outlook is stable.

RATINGS RATIONALE

Crescent's B3 Corporate Family Rating reflects the company's return
to profitability in 2014 and 2015 due to the transformational
portfolio sale in its Multifamily segment, and Moody's expectation
that the positive net income generation will continue in the coming
years as the company benefits from the growing pipelines in both
its Multifamily and Residential segments.  The rating also
considers Crescent's increased size and its tangible net worth of
$400 million as of June 30, 2016.  In addition, the rating
acknowledges that with this refinancing, together with the
company's obtaining a new $75 million senior secured revolver,
Crescent will be eliminating the substantial refinancing risk that
it had previously faced.

At the same time, however, the rating incorporates the volatile and
discrete transactional nature of the Multi-family segment, which
adds considerable lumpiness to the overall financial results; its
reliance on a few key Multi-family projects for much of its recent
success, and its short track record as a profitable company.  In
addition, the B3 Corporate Family Rating reflects the company's
redeployment of capital out of its Residential lot development
segment and into a start-up homebuilding operation, which will be a
drain on earnings for at least the next two years. The rating also
takes into account the dismal financial performance of the overall
land development industry during the recently-ended real estate
downturn, wherein virtually every land developer that Moody's rated
ultimately defaulted.

Crescent's satisfactory liquidity balances its pro forma $87
million of cash as of June 30, 2016, and substantial availability
under the proposed new $75 million first-lien senior-secured
revolver due 2019 against Moody's expectation of Crescent's
negative free cash flow generation at least through 2016.  The
company has three maintenance covenants for its new revolver,
including a minimum tangible net worth, maximum leverage, and
either a minimum interest coverage or a minimum liquidity.  The
company's alternate liquidity is constrained in that virtually all
of its assets are secured.

Crescent's proposed new second-lien senior secured notes are rated
Caa1, one notch lower than the Corporate Family Rating of B3.  This
notching reflects the notes' contractual subordination to the
first-lien revolver and to the $270 million of secured project
financing debt as of June 30, 2016.

The B3 Corporate Family Rating could be considered for an upgrade
if the company maintains and grows its profitability, lowers its
debt leverage to well below 55%, and increases its interest
coverage nicely above 2.0x, all on a sustained basis.

The ratings could come under pressure if Crescent starts generating
net losses, debt leverage rises above 65% on a sustained basis, or
liquidity deteriorates significantly.

The principal methodology used in this rating was Homebuilding And
Property Development Industry published in April 2015.

Crescent Communities, LLC, formerly known as Crescent Resources,
was founded in 1969 and is headquartered in Charlotte, North
Carolina.  It develops residential, commercial and multifamily real
estate properties, and manages land.  It is majority-owned by
equity sponsors, Anchorage Capital and Matlin Patterson.  For the
trailing 12 months ended June 30, 2016, Crescent's revenues and net
income were $455 million and $19 million, respectively.


CRGT INC: S&P Raises CCR to 'B'; Outlook Stable
-----------------------------------------------
S&P Global Ratings said it raised its corporate credit rating on
Reston, Va.-based CRGT Inc. to 'B' from 'B-'.  The outlook is
stable.

At the same time, S&P raised its issue-level rating on CRGT's
senior secured credit facility, which consists of a $20 million
revolving credit facility due December 2019 and a $180 million
first-lien term loan due December 2020, to 'B+' from 'B'.  The
recovery rating on CRGT's senior secured credit facility remains
'2', reflecting S&P's expectation for substantial (70%-90%; lower
end of the range) recovery in the event of a payment default.

"The upgrade reflects our view of CRGT's successful integration of
Salient Federal Solutions Inc. and the decline in its leverage to
5.3x as of June 30, 2016, from the mid-5x area a year ago," said
S&P Global Ratings credit analyst Adam Lynn.

S&P expects the company will return to growth over the next 12
months while maintaining EBITDA margin of about 15% and covenant
cushion in excess of 20%.

The stable outlook reflects S&P's expectation for revenue growth in
the low-single digits, as well as improved operating performance,
as CRGT's increased scale will allow it to better compete in the
federal government IT industry.  Additionally, S&P expects leverage
to decline to 5x or lower over the next 12 months.


CROSBY WORLDWIDE: S&P Revises Outlook to Neg. & Affirms 'B-' CCR
----------------------------------------------------------------
S&P Global Ratings said that it revised its outlook on Tulsa,
Okla.-based lifting and rigging applications provider Crosby
Worldwide Ltd. to negative from stable.  At the same time, S&P
affirmed its 'B-' corporate credit rating on the company.

In addition, S&P affirmed its 'B-' issue-level ratings on the
company's $625 million senior secured credit facilities (consisting
of a $560 million term loan and a $65 million revolver).  The '3'
recovery rating on the facilities is unchanged, indicating S&P's
expectation for meaningful (lower half of the 50%-70% range)
recovery in the event of a payment default.

S&P also affirmed its 'CCC' issue-level rating on the company's $90
million senior secured second-lien term loan.  The '6' recovery
rating is unchanged, indicating S&P's expectation for negligible
(0%-10%) recovery in the event of a payment default.

The outlook revision reflects the company's weaker-than-expected
operating performance in the first half of 2016, stemming from soft
demand in oil and gas end-markets.  S&P previously expected the
company to reduce leverage to the 8x area in 2016 from about 9x at
the end of 2015, but continued challenging end-market conditions
have hampered the company's top line and compressed margins.  In
addition, Crosby has extended the timeline for the restructuring
initiatives that it had expected to complete in the second half of
this year.  As a result, S&P has revised its base-case forecast
downward and now expect adjusted leverage above 12x by the end of
the year before modestly improving to about 10x in 2017.  Although
S&P expects the company to remain highly leveraged over the
intermediate term, S&P believes the company's good cash position
(about $53 million as of June 30, 2016) and lack of near-term debt
maturities until 2020 (following the recent amendment and extension
of its revolving credit facility) partially mitigate the elevated
leverage metrics.  S&P expects the company to continue to maintain
adequate cushion under its first-lien net leverage covenant, as it
do not anticipate the covenant to be in effect over the next 12
months.  Ratings downside could exist if leverage measures do not
improve or S&P believes the company will be unable to generate
meaningful positive free cash flow in 2017.

Crosby Worldwide Ltd. (which consists of both the Crosby Group and
Acco Material Handling Solutions) manufactures highly engineered
equipment for the niche lifting and rigging accessories market. The
company is exposed to competitive and cyclical
end-markets--including oil and gas, industrial, nonresidential
construction, infrastructure, and mining industries--which can
result in significant profit volatility during an economic
downturn.  In addition, Crosby is exposed to volatility in raw
material costs (predominately steel), which can pressure margins.
These risks are partially offset by our belief that the company
will sustain its technical expertise and engineering capabilities
and maintain its premium brand and market positions within the
lifting and rigging hardware market.

S&P's base-case forecast assumes these:

   -- U.S. real GDP growth of 2.0% in 2016 and 2.4% in 2017.

   -- U.S. nonresidential construction spending (including oil and

      gas) will contract 4.3% in 2016 and grow modestly (3.0%) in
      2017.

   -- Revenue declines in the high-teens percentage area in 2016,
      more than the rate of nonresidential construction
      contraction, mainly because of the company's significant
      exposure to weak energy-related end-markets, which S&P
      expects will remain challenged at least through the rest of
      2016.

   -- Revenue growth in the mid-single-digit percentage area in
      2017, modestly above S&P's expectation for GDP growth and
      its forecast for nonresidential construction spending,
      incorporating a modest increase in maintenance-related
      revenues.

   -- EBITDA margins of about 18% in 2016, inclusive of
      restructuring-related expenses.  S&P expects margins to
      improve slightly in 2017 as benefits from restructuring
      begin to be realized.

   -- Capital expenditures of $35 million-$40 million, inclusive
      of growth initiatives, in 2016 and approximately 4% of sales

      in 2017.

   -- No significant acquisition or meaningful shareholder
      returns, though Crosby could pursue some small bolt-on
      acquisitions.

These assumptions result in these credit measures:

   -- Total debt to EBITDA (adjusted to include pension
      obligations and operating leases) above 12x at the end of
      2016 before gradually improving to about 10x by the end of
      2017.

   -- FFO to debt below 5% through 2017.

   -- EBITDA interest expense coverage in the low-1x area in 2016,

      improving to the mid-1x area in 2017.

The negative outlook on Crosby reflects the potential that S&P
could lower the ratings over the next 12 months if it believes that
Crosby's financial commitments appear unsustainable in the long
term.  The negative outlook stems from S&P's expectation for
continued softness in end markets over the next 12 months, which
could limit the company's ability to generate positive free
operating cash flow, reducing its liquidity position and
undermining its ability to improve leverage metrics.

Downside scenario

S&P could lower its ratings on Crosby if the company is unable to
generate positive free cash flow and its liquidity position is
reduced.  Lack of positive free cash flow could result in a
reduction in cash balances and increased revolver usage, subjecting
the company to financial maintenance covenants and the potential
for a violation of those covenants.

Upside scenario

While unlikely given S&P's current forecast, it could revise its
outlook on Crosby to stable if the company is able to reduce
leverage further than S&P's current expectations  and it sees
prospects for further improvement.  S&P would also expect the
company to maintain adequate liquidity and covenant cushion and it
forecasts ongoing prospects for recovery in its end markets.


CTI BIOPHARMA: Had $38.3M Net Financial Standing as of Aug. 31
--------------------------------------------------------------
CTI BioPharma Corp. or CTI Parent Company reported estimated and
unaudited net financial standing of $38.3 million as of Aug. 31,
2016.  The total estimated and unaudited net financial standing of
CTI Consolidated Group as of Aug. 31, 2016, was $39.9 million.

CTI Parent Company trade payables outstanding for greater than 30
days were approximately $10.6 million as of Aug. 31, 2016.
CTI Consolidated Group trade payables outstanding for greater than
30 days were approximately $11.7 million as of Aug. 31, 2016.
During August 2016, there were solicitations for payment only
within the ordinary course of business and there were no
injunctions or suspensions of supply relationships that affected
the course of normal business.

As of Aug. 31, 2016, there were no amounts overdue of a financial
or tax nature, or amounts overdue to social security institutions
or overdue to employees.

During the month of August 2016, the Company's common stock, no par
value, outstanding decreased by 173,137 shares.  As a result, the
number of issued and outstanding shares of Common Stock as of Aug.
31, 2016, was 282,544,645.

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

                    https://is.gd/FlykYs

                     About CTI BioPharma

CTI BioPharma Corp. (NASDAQ and MTA: CTIC) --
http://www.ctibiopharma.com/-- formerly known as Cell
Therapeutics, Inc., is a biopharmaceutical company focused on
the acquisition, development and commercialization of novel
targeted therapies covering a spectrum of blood-related cancers
that offer a unique benefit to patients and healthcare providers.
The Company has a commercial presence in Europe and a late-stage
development pipeline, including pacritinib, CTI's lead product
candidate that is currently being studied in a Phase 3 program for
the treatment of patients with myelofibrosis.  CTI BioPharma is
headquartered in Seattle, Washington, with offices in London and
Milan under the name CTI Life Sciences Limited.

CTI Biopharma reported a net loss attributable to common
shareholders of $122.62 million on $16.11 million of total revenues
for the year ended Dec. 31, 2015, compared to a net loss
attributable to common shareholders of $96.0 million on $60.07
million of total revenues for the year ended Dec. 31, 2014.

As of March 31, 2016, CTI Biopharma had $123 million in total
assets, $68.7 million in total liabilities and $54.7 million in
total shareholders' equity.

The Company's independent registered public accounting firm
included an explanatory paragraph in its reports on its
consolidated financial statements for each of the years ended
Dec. 31, 2007, through Dec. 31, 2011, and for the year ended
Dec. 31, 2014, regarding their substantial doubt as to the
Company's ability to continue as a going concern.  The Company said
that although its independent registered public accounting firm
removed this going concern explanatory paragraph in its report on
our Dec. 31, 2015, consolidated financial statements, the Company
expects to continue to need to raise additional financing to fund
its operations and satisfy obligations as they become due.
According to the Company, the inclusion of a going concern
explanatory paragraph in future years may negatively impact the
trading price of its common stock and make it more difficult, time
consuming or expensive to obtain necessary financing, and the
Company cannot guarantee that it will not receive such an
explanatory paragraph in the future.


DELIVERY AGENT: U.S. Trustee Forms 7-Member Committee
-----------------------------------------------------
Andrew R. Vara, the Acting U.S. Trustee for Region 3, on Sept. 29
appointed seven creditors of Delivery Agent, Inc., to serve on the
official committee of unsecured creditors.

The committee members are:

     (1) AT&T Advanced Ad Solutions
         Attn: James Grudus
         One AT&T Way, Room 3A115
         Bedminster, NJ 07921
         Tel: (908) 234-3318
         Fax: (832) 213-0157   

     (2) Cox Media, LLC
         Attn: Angela Frazier, Esq.
         6205-B Peachtree Dunwoody Road
         Atlanta, GA 30328
         Tel: (404) 269-6180
         Fax: (404) 269-5845   

     (3) Dish Network L.L.C.
         Attn: Brett Kitei
         9601 S. Meridan Boulevard
         Englewood, CO 80112
         Tel: (303) 723-2290
         Fax: (720) 514-8479  

     (4) Charter Communications Operating LLC
         Attn: Barry King
         12405 Powerscourt Drive         
         St. Louis, MO 63131
         Tel: (314) 543-5640
         Fax: (314) 909-0609  

     (5) Focus Ventures
         Attn: Kevin McQuillan
         525 University Avenue
         Suite 225, Palo Alto
         CA 94301
         Tel: (650) 325-7400, Ext. 254  

     (6) NBC Universal Inc.
         Attn: John Roussey
         100 University City Plaza
         University City, CA 91608
         Tel: (818) 777-7601
         Fax: 818-866-2314  

     (7) John E. Abdo as Trustee under Trust Agreement dated
         March 15, 1976 for the Benefit of John E. Abdo
         Attn: John E. Abdo
         1350 NE 56 Street, Suite 200
         Ft. Lauderdale, FL 33334
         Tel: (954) 491-2191
         Fax: (954) 491-9217

                       About Delivery Agent

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

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

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

The cases are assigned to Judge Laurie Selber Silverstein.


DERMOT KIRWAN: Bid for Judgment on Pleadings in Cordeiro Suit OK'd
------------------------------------------------------------------
In the adversary case captioned ADILSON G. CORDEIRO, DOUGLAS G.
CORDEIRO, DEIVISON G. CORDEIRO, EDILSON A. PINTO, AND EDSON BORGES,
JR., Plaintiffs, v. DERMONT T. KIRWAN, Defendant, Adversary
Proceeding No. 15-01225 (Bankr. D. Mass.), Judge Melvin S. Hoffman
of the United States Bankruptcy Court for the District of
Massachusetts, Eastern Division, granted Mr. Kirwan's motion for
judgment on the pleadings.

Dermot T. Kirwan has moved to dismiss count III of a three-count
complaint filed by the plaintiffs, Adilson G. Cordeiro, Douglas G.
Cordeiro, Deivson G. Cordeiro, Edilson A. Pinto, and Edson Borges,
Jr. Count III also seeks a determination that each of the
plaintiffs' claims is nondischargeable under Bankruptcy Code
Section 523(a)(6) due to Mr. Kirwan's willful and malicious injury,
but the alleged injury is not Mr. Kirwan's failure to pay wages or
overtime, it is his failure to pay on the judgments, specifically
his causing business and assets of Galway Bay Décor to be
transferred to Galway Bay Painting with the intent to hinder or
delay the plaintiffs from obtaining payment on those judgments,
Judge Hoffman pointed out.

In this case, the plaintiffs seek to except from discharge the debt
derived from the state court judgments against Galway Bay Decor and
Mr. Kirwan.  As was the case in Best, the conduct alleged in count
III occurred after the judgments were entered.  Thus, any injury
resulting from the alleged transfers could not have given rise to
the debt at issue, and therefore any such injury -- even if willful
and malicious -- cannot render the amount due under the state court
judgments nondischargeable under Bankruptcy Code Section
523(a)(6).

Mr. Kirwan moved for dismissal of the complaint as to count III
only. He asserts that the plaintiffs have failed to state a claim
upon which relief may be granted, failed to include an
indispensable party, and engaged in claim splitting.

The bankruptcy case is In re: DERMOT T. KIRWAN, Chapter 11, Debtor,
Case No. 15-14012-MSH (Bankr. D. Mass.).

A full-text copy of the Memorandum of Decision dated September 20,
2016 is available at https://is.gd/HZOg32 from Leagle.com.

Dermot T. Kirwan, Debtor, represented by Michael K. Lane, Esq. --
mike@jm-law.net -- McAuliffe & Associates & John M. McAuliffe, Esq.
-- john@jm-law.net -- McAuliffe & Associates, P.C..

John Fitzgerald, Assistant U.S. Trustee, represented by Paula R.C.
Bachtell, U.S. Department of Justice & Jennifer L. Hertz, U.S.
Department of Justice.


DF SERVICING: Court to Consider Plan Confirmation on Dec. 13
------------------------------------------------------------
The Bankruptcy Court for the District of Puerto Rico has
determined, in the case of DF Servicing, LLC, et al., that a
disclosure statement is not required and has thus ordered that a
hearing will be held on December 13, 2016, at 10:00 a.m. in Old San
Juan, Puerto Rico, for the consideration of the confirmation of the
Debtors' Plan.

Written objections to the Plan must be formally filed on or before
21 days prior to the Confirmation Hearing.

                       About DF Servicing

Engaged in the business of purchase and sale of construction
projects, DF Servicing, LLC, DF Tier I, LLC, DF Investments, LLC,
and DF Holdings LLC filed Chapter 11 bankruptcy petitions (Bankr.
D.P.R. Case Nos. 15-10253 to 15-10256) on Dec. 24, 2015. The
petitions were signed by Mark Mashburn, the president.

Charles A Cuprill, PSC Law Office, serves as counsel to the
Debtors, CPA Luis R. Carrasquillo & Co, P.S.C. as financial
consultant, AFS CPA Group, LLC, serves as auditor, and Salichs Pou
& Associates, PSC, as special counsel.

On Feb. 3, 2016, the Court ordered the administrative
Consolidation of the Chapter 11 cases of DF Servicing, LLC, Case
No. 15-10253(ESL); DF Investments, LLC, Case No. 15-10254(ESL); DF
Holdings, LLC, Case No. 15-10255(ESL); and DF Tier I, LLC, Case
No. 15-10256(ESL).


DISCOVER FINANCIAL: Fitch Affirms 'BB-' Rating on Preferred Stock
-----------------------------------------------------------------
Fitch Ratings has affirmed Discover Financial Services' (DFS)
Long-Term Issuer Default Rating (IDR) at 'BBB+', Viability Rating
(VR) at 'bbb+' and Short-Term IDR at 'F2'.  The Rating Outlook is
Stable.

The rating actions have been taken as part of Fitch's periodic
review of U.S. consumer-focused internet banks, which comprises
four publicly rated firms.

                         KEY RATING DRIVERS

VRs, IDRs, AND SENIOR DEBT

The rating affirmations and Stable Outlook reflect DFS's strong
franchise supported by its owned payments network, peer-superior
credit performance, strong and consistent financial performance
over time, diverse funding base, ample liquidity, strong
risk-adjusted capitalization, robust risk frameworks, and seasoned
management team.

Rating constraints include DFS's concentrated and cyclical business
model, potential funding sensitivity associated with wholesale and
internet deposit funding sources, the likelihood of asset quality
reversion from current levels, and continued elevated regulatory
and legislative risk.

Furthermore, ratings remain constrained by DFS's weaker relative
market position within the increasingly competitive payments
industry, as evidenced by its smaller market share compared to
payment network peers (e.g. Visa, MasterCard and American Express)
and general purpose credit card issuers (JPMorgan Chase, Bank of
America, and Citigroup).

Fitch views DFS's ability to generate strong and consistent
operating performance over time as a rating strength.  Net income
for 1H16 increased 0.5% to $1.2 billion, which included a
non-recurring tax benefit of $44 million.  Excluding non-recurring
items, Fitch estimates net income would have declined versus the
prior year period driven primarily by a 35% increase in provision
for loan losses in 2Q16.  Return on equity in 1H16 remained strong
at 21%.

Fitch expects DFS's financial performance to remain relatively
stable over the near term, although with greater volatility within
specific line items.  Fitch expects net interest income growth to
improve as a result of strategies being undertaken to increase
market share in the credit card business through targeted marketing
initiatives, new product introductions, innovative rewards
programs, and highly regarded customer service.  Loan growth and
modest net interest margin expansion should be at least partially
offset by further loss reserve building and elevated reward costs.

Credit performance is expected to remain relatively stable in 2H16,
although charge-offs and delinquencies will likely start to
normalize from historically low levels.  Fitch expects the loan
loss provision to increase further in 2016 driven primarily by the
seasoning of balances stemming from new account growth in recent
years, as well as some modest deterioration in credit metrics.
Nonetheless, DFS maintains a relatively seasoned credit card
portfolio, with only 18% of the portfolio having a tenure of less
than three years.  Credit card net charge-offs increased three
basis points (bps) to 2.37% in 1H16, and remained well below other
top credit card issuers and the industry average.  Reserve coverage
for credit card loans remained strong at 2.80% of loans and 172% of
loans past due at June 30, 2016.

DFS is well-positioned for further increases in U.S. interest
rates.  At June 30, 2016, assuming an immediate 100 bps increase in
interest rates, DFS estimates that net interest income over the
following 12-month period would increase by approximately $230
million, or 3%.  However, the interest rate sensitivity of the
online deposit channel remains untested during periods of rising
interest rates.

Despite high levels of capital distributions to shareholders in
recent years, Fitch believes DFS remains well-capitalized.  At June
30, 2016, DFS's common equity Tier 1 capital ratio (CET1) was 14.3%
on a Basel III transitional basis, or an estimated 14.2% on a fully
phased-in Basel III basis.  DFS's tangible common equity/tangible
assets ratio was 12.0% at June 30, 2016.  These metrics compare
favorably to peers.  Additionally, DFS performed well relative to
peers in the most recent Comprehensive Capital Analysis and Review
(CCAR).  As part of this review, DFS received a non-objection from
the Fed on its capital plan in June 2016. Fitch expects DFS's CET1
ratio to gradually decline over time before normalizing at a level
in the low double digits.  In this scenario, Fitch believes DFS
would remain adequately capitalized relative to existing ratings.

DFS maintains adequate liquidity with strong risk oversight.  At
June 30, 2016, DFS's liquidity portfolio amounted to $13.5 billion
(or 15.5% of tangible assets), and excluding deposits, the company
has a very manageable $400 million in unsecured debt maturities
over the next twelve months.  Fitch views DFS's liquidity position
as strong and, when combined with future asset repayments, provides
adequate sources to fund growth and meet its upcoming debt
obligations.

            SUBORDINATED DEBT AND OTHER HYBRID SECURITIES

DFS's subordinated debt rating is rated one notch below the
entity's VR of 'bbb+' in accordance with Fitch's assessment of each
instrument's respective non-performance and relative loss severity
risk profile.  The subordinated note rating includes one notch for
loss severity given the subordination of these securities in the
capital structure, and zero notches for non-performance given
contractual limitations on interest payment deferrals and no
mandatory trigger events which could adversely impact performance.

DFS's preferred stock ratings are rated five notches below DFS's VR
of 'bbb+' in accordance with Fitch's assessment of each
instrument's respective non-performance and relative loss severity
risk profile.  The preferred stock ratings include two notches for
loss severity given these securities' deep subordination in the
capital structure, and three notches for non-performance given that
the dividends are non-cumulative and fully discretionary.

               LONG- AND SHORT-TERM DEPOSIT RATINGS

Discover Bank's uninsured deposit ratings of 'A-'/'F2' are rated
one notch higher than their respective IDRs because U.S. uninsured
deposits benefit from depositor preference in the U.S.  Fitch
believes that this preference in the U.S. gives deposit liabilities
superior recovery prospects in the event of default.

                         HOLDING COMPANY

DFS's IDR and VR are equalized with its bank subsidiary, reflecting
its role as the bank holding company, which is mandated in the U.S.
to act as a source of strength for its bank subsidiaries.  Ratings
are also equalized reflecting the very close correlation between
holding company and subsidiary failure and default probabilities.

             SUPPORT RATING AND SUPPORT RATING FLOOR

DFS has a Support Rating of '5' and Support Rating Floor of 'NF'.
In Fitch's view, DFS is not systemically important, and therefore,
the probability of sovereign support is unlikely.  DFS's IDRs and
VRs do not incorporate any support.

                       RATING SENSITIVITIES

VRs, IDRs, AND SENIOR DEBT

The Stable Outlook reflects Fitch's view that positive rating
momentum is relatively limited over the outlook horizon.  Longer
term, rating momentum could be driven by consistent market share
gains in card-based payments, increased revenue diversity, and
sustained strong credit performance in non-card loan categories
through the credit cycle.  Other factors that could support
positive rating actions include further clarity on regulatory and
legislative issues (particularly as it relates to the student loan
sector) and enhanced funding flexibility.  In particular, the
durability of DFS's internet-based deposit platform in a rising
interest rate environment will be a key consideration in evaluating
the strength of the company's funding profile.

Negative rating action could be driven by a steady decline in
profitability resulting from slowing loan growth, yield
compression, a severe degradation in credit performance, a
weakening liquidity profile, significant reductions in
capitalization, and/or potential new and more onerous rules and
regulations.  Negative rating momentum could also be driven by an
inability of DFS to maintain its competitive position and earnings
prospects in an increasingly digitized payments and consumer
lending landscape.

The senior unsecured debt ratings are primarily sensitive to
changes in the Long-term IDRs of DFS and Discover Bank.

           SUBORDINATED DEBT AND OTHER HYBRID SECURITIES

The subordinated debt ratings are directly linked to Discover
Bank's VR and would move in tandem with any changes in the VR.  The
preferred stock ratings are directly linked to DFS's VR and would
move in tandem with any changes in DFS's credit profile.

               LONG- AND SHORT-TERM DEPOSIT RATINGS

Discover Bank's uninsured deposit ratings are rated one notch
higher than the IDR.  The deposit ratings are primarily sensitive
to any change in DFS's Long-and Short-Term IDRs.

                       HOLDING COMPANY

Should DFS's holding company begin to exhibit signs of weakness,
demonstrate trouble accessing the capital markets, or have
inadequate cash flow coverage to meet near-term obligations, there
is the potential Fitch could notch the holding company IDR and VR
from the ratings of the bank subsidiary.

               SUPPORT RATING AND SUPPORT RATING FLOOR

Since DFS's Support and Support Rating Floors are '5' and 'NF',
respectively, there is limited likelihood that these ratings will
change over the foreseeable future.

Fitch has affirmed these ratings:

Discover Financial Services
   -- Long-Term IDR at 'BBB+';
   -- Viability Rating at 'bbb+';
   -- Senior unsecured debt at 'BBB+';
   -- Short-Term IDR at 'F2';
   -- Preferred stock at 'BB-';
   -- Support Rating at '5';
   -- Support Rating Floor at 'NF'.

Discover Bank
   -- Long-Term IDR at 'BBB+';
   -- Viability Rating at 'bbb+';
   -- Short-Term IDR at 'F2';
   -- Support Rating at '5';
   -- Support Rating Floor at 'NF';
   -- Long-term Deposits at 'A-';
   -- Short-term Deposits at 'F2';
   -- Senior unsecured debt at 'BBB+';
   -- Subordinated Debt at 'BBB'.

The Rating Outlook is Stable.


DORCH COMMUNITY: U.S. Trustee Unable to Appoint Committee
---------------------------------------------------------
The Office of the U.S. Trustee on Sept. 28 disclosed in a court
filing that no official committee of unsecured creditors has been
appointed in the Chapter 11 case of Dorch Community Care Center
LLC.

Dorch Community Care Center LLC filed a Chapter 11 petition (Bankr.
D.S.C. Case No. 16-04486) on September 2, 2016, and is represented
by J. Carolyn Stringer, Esq., at Stringer Law.


DORSEY MOTOR: Has Until Nov. 28 to File Disclosures and Plan
------------------------------------------------------------
Judge Dwight H. Williams, Jr. the U.S. Bankruptcy Court for the
Middle District of Alabama extended the period for Dorsey Motor
Sales, Inc. to file a disclosures statement and plan of
reorganization until November 28, 2016.

However, Judge Williams pronounced that the exclusivity period has
already expired, and accordingly, the Debtor's exclusivity can no
longer be extended.

The Troubled Company Reporter on Sept. 9, 2016, said that the
Debtor asked the Court to extend its exclusive period to file a
disclosure statement and plan of reorganization by 60 days. The
Debtor told the Court that it has been negotiating a settlement
that was contingent on the sale of its body shop.  The Debtor
further told the Court that due to heavy storms, a storm drain
under the body shop burst, and the Debtor is still negotiating with
the City of Prattville for the repair of the damage.  The Debtor
related that the City of Prattville was scheduled to present the
matter at the next City Counseling Meeting on September 27, 2016.


                   About Dorsey Motor Sales, Inc.

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

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

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


ECLIPSE RESOURCES: Eclipse Holdings No Longer a Shareholder
-----------------------------------------------------------
In an amended Schedule 13D filed with the Securities and Exchange
Commission, these reporting persons disclosed beneficial ownership
of Eclipse Resources Corporation as of Sept. 20, 2016:

                                    Shares       Percentage
                                 Beneficially        of
   Name                             Owned          Shares
   ----                          ------------    ----------
Eclipse Resources Holdings, L.P.      0              0%

Encap Energy Capital             59,687,619        22.9%
Fund VIII, L.P.

Encap Energy Capital Fund VIII   40,420,114        15.5%
Co-Investors, L.P.

Encap Energy Capital             72,847,294        28.0%
Fund IX, L.P.

Encap Partners, LLC              172,955,027       66.4%

On Sept. 20, 2016, the board of managers of Eclipse Holdings
approved the dissolution of Eclipse Holdings and the in-kind
distribution of the Issuer's Common Stock held by Eclipse Holdings
to its limited partners in connection with the dissolution of
Eclipse Holdings.  As a result of the dissolution, EnCap Fund VIII,
EnCap Fund VIII Co-Invest and EnCap Fund IX received 59,687,619,
33,159,784 and 46,016,031 shares of Common Stock, respectively, and
The Hulburt Family II Limited Partnership, CKH Partners II, L.P.
and Kirkwood Capital, L.P. received 993,315, 248,329 and 248,329
shares of Common Stock, respectively.

As a result of the dissolution of Eclipse Holdings, Eclipse
Holdings is no longer a member of the Section 13(d) group and shall
cease to be a Reporting Person immediately after the filing of this
Amendment No. 4.  The remaining Reporting Persons will continue to
file as a group statements on Schedule 13D with respect to their
beneficial ownership of securities of the Issuer to the extent
required by applicable law.

EnCap Partners is the managing member of EnCap Investments
Holdings, LLC, which is the sole member of EnCap Investments GP,
L.L.C., the general partner of EnCap Investments L.P., the general
partner of EnCap Equity Fund VIII GP, L.P. and EnCap Equity Fund IX
GP, L.P.  EnCap Fund VIII GP is the sole general partner of each of
EnCap Fund VIII and EnCap Fund VIII Co-Invest.  EnCap Fund IX GP is
the sole general partner of EnCap Fund IX.

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

                         goo.gl/tY1lkt

                    About Eclipse Resources

Eclipse Resources Corporation is an independent exploration and
production company engaged in the acquisition and development of
oil and natural gas properties in the Appalachian Basin.  As of
Dec. 31, 2015, the Company had assembled an acreage position
approximating 220,000 net acres in Eastern Ohio.

The Company reported a net loss of $971 million in 2015, a net loss
of $183 million in 2014 and a net loss of $43.5 million in 2013.

As of June 30, 2016, Eclipse had $1.10 billion in total assets,
$590 million in total liabilities and $510 million in total
stockholders' equity.


ECOARK HOLDINGS: Enters Into Share Exchange Agreement
-----------------------------------------------------
Ecoark Holdings, Inc., entered into a Share Exchange Agreement by
and among the Company, Eco3D, LLC, an Arkansas limited liability
company and a subsidiary of the Company, and the holders of
remaining 35% of the Company's membership interests not currently
owned by the Company.

The Company issued to the Sellers 525,000 shares of its common
stock in exchange for the remaining 35% of the Company's membership
interest held by the Sellers.  The Agreement contained standard
representations by the Company, Eco3D, and the Sellers.

The Sellers will deliver certificates representing the membership
interest of the Company and registered in the name of Company, and
the Company will deliver a certificate representing the Exchange
Shares registered in the name of the Sellers.

In connection with the shares of the Company's common stock issued
under the Agreement, the Company relied on Section 4(a)(2) of the
Securities Act of 1933, as amended, for transactions not involving
a public offering.

                    About Ecoark Holdings

Ecoark Holdings, Inc., is a technology solutions company.  The
Company offers technologies to fight waste in operations,
logistics, and supply chains worldwide.  It provides pallet-level
time and temperature tracking, pre-cool prioritization and
monitoring, pallet routing, real-time in-transit monitoring, remote
visibility, and quality management solutions.  The Company also
offers Point Clouds, which creates two dimensional (2d) and three
dimensional (3d) digital replications; High definition (HD) photos,
a 360 degree rotational bubble image from various project
perspectives; 2d Plans that plan and elevates views in CAD/PDF; and
3d models, such as Revit, CAD, Cyclone, 3dS, and others; as well as
provides training and consultation services on laser scan and/or
creates 2d as-builts or 3d models.

As of June 30, 2016, Ecoark had $24.05 million in total assets,
$8.79 million in total liabilities and $15.25 million in total
stockholders' equity.

For the six months ended June 30, 2016, Ecoark reported a net loss
of $8.09 million following a net loss of $5.23 million for the six
months ended June 30, 2015.

"The Company raised $17,347 additional capital in a private
placement subsequent to the reverse merger transaction on March 24,
2016...  The Company's ability to raise additional capital through
future equity and debt securities issuances is unknown. Obtaining
additional financing, the successful development of the Company's
contemplated plan of operations, ultimately, to profitable
operations are necessary for the Company to continue operations.
The ability to successfully resolve these factors raises
substantial doubt about the Company's ability to continue as a
going concern," the Company stated in its quarterly report for the
period ended June 30, 2016.


EDWARD RENSI: Sale of Units 105 and 114 to Knutte Approved
----------------------------------------------------------
Judge Janet S. Baer of the Bankruptcy Court for the Northern
District of Illinois authorized Edward Henry Rensi to sale real
property located at 6805-9 Hobson Valley Drive, Units 105 and 114,
Woodridge, Illinois ("Hobson Valley Property") to Matthew Knutte
for $230,000.

The sale is on an "as is, where is" basis, free and clear of any
liens, claims, intersts, assessments and encumbrances.

Mr. Knutte will pay the Debtor $230,000 for the purchase of the
Hobson Valley Property upon the closing of the transactions under
the Contract, subject to adjustments and pro-rations as set forth
in the Contract, as follows:

   a. Mr. Knutte will pay an earnest money deposit in the amount of
$5,000, which amount will be contributed toward the Purchaser's
obligation to pay the purchase price under the Contract.

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

The Debtor is authorized to and will pay and/or satisfy at closing
(and will cause any title company or other agent handling the
closing of the transactions under the Contract to pay), from the
purchase price, in order of priority, (i) closing costs; (ii) any
other amounts owed pursuant to any pro-rations required by the
Contract; (iii) any and all taxes and outstanding sewer and other
utility liens running with the Hobson Valley Property as provided
under the Contracts; (iv) Real Estate taxes and (v) all proceeds
will be paid to Molto Burgers, LLC.

Edward Henry Rensi sought Chapter 11 protection (Bankr. N.D. Ill.
Case No. 15-33948) on Oct. 5, 2015.  The Debtor tapped Paul M.
Bach, Esq. at Bach Law Offices as counsel.


EL VOLCAN: U.S. Trustee Unable to Appoint Committee
---------------------------------------------------
An official committee of unsecured creditors has not yet been
appointed in the Chapter 11 case of El Volcan LLC, according to a
Sept. 28 court filing.

El Volcan, LLC filed a chapter 11 petition (Bankr. W.D. Mo. Case
No. 16-42362) on August 29, 2016.  The Debtor is represented by
Bradley D. McCormack, Esq., at The Sader Law Firm. At the time of
the filing, the Debtor estimated its assets and debts at less than
$1 million.

The Debtor is a Missouri Limited Liability Company. Its sole member
is Ms. Ramona Galindo.  The Debtor operates as a Mexican food
restaurant in Independence, Missouri.


ELBIT IMAGING: Sale of India Project Remains Pending
----------------------------------------------------
Elbit Imaging Ltd. announced these matters regarding the agreement
to sell 100% of its interest in a special purpose vehicle which
holds a site in Bangalore, India by Elbit Plaza India Real Estate
Holdings Limited ("EPI" - a joint venture company of EI and its 45%
subsidiary, Plaza Centers N.V.) to a local investor:

  1. The Sale of the project in Bangalore has not been completed
     until the long stop date, Sept. 30, 2016.

  2. As a result, the Company and the Local Investor has reached
     these preliminary understandings:

       a. The Local Investor will pay EPI an advance payment of 5
          Crore Rupees (approximately EUR0.65 million) prior to
          Sept. 30, 2016.

       b. The securities provided by the Local Investor to EPI
          under the Sale Agreement will remain effective and
          unchanged.

       c. Subject to the payment of the First Advance Payment, the
          LSD will be extended until Nov. 15, 2016.

       d. The Local Investor will pay additional advance payments
          as follows:

            i. 32 Crore rupees (approximately EUR4.3 million) in
                two instalments during the fourth quarter of 2016.

            ii. Additional 22.5 Crore rupees (approximately EUR3  
                million) during the second quarter of 2017.

       e. Subject to the execution of all the Additional Advance
          Payments, the LSD will be extended until Sept. 15, 2017.

       f. If the Local Investor will fail to execute any of the
          advance payments, than EPI will be able to enforce its
          rights under the Sale Agreement including the execution
of
          the Securities.

  3. At this preliminary stage, there is no definitive agreement
     between EPI and the Local Investor and there is no certainty
     that any of the aforementioned understandings will be
     executed.

  4. In case the parties will not reach such final agreement, EPI
     will consider its further steps with respect to the Sale
     Agreement, including, inter alia, the execution of the
     Securities.

The Company will update regarding any new developments.

                     About Elbit Imaging

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

Elbit Imaging reported a loss of NIS 186.15 million on NIS 1.47
million of revenues for the year ended Dec. 31, 2015, compared to
profit of NIS 1 billion on NIS 461,000 of revenues for the year
ended Dec. 31, 2014.  As of June 30, 2016, Elbit had NIS 2.64
billion in total assets, NIS 2.42 billion in total liabilities and
NIS 220 million in shareholders' equity.

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

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

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


ELDORADO GOLD: Moody's Affirms B1 Corporate Family Rating
---------------------------------------------------------
Moody's Investors Service affirmed Eldorado Gold Corporation's B1
Corporate Family rating (CFR), B1-PD Probability of Default Rating,
and B1 senior unsecured note ratings. Eldorado's Speculative Grade
Liquidity Rating ("SGL") rating was raised to SGL-1 from SGL-3. At
the same time, Moody's revised the rating outlook to stable from
negative.

"The stable outlook reflects Eldorado's ability to maintain its
leverage at about 2.5x, despite lower production following the sale
of its Chinese assets and the expectation of negative free cash
flow over the next few years as it develops new projects," said
Jamie Koutsoukis, Moody's Vice-President, Senior Analyst. "Its
significant cash balance and higher gold prices should allow the
company to internally fund its large capital spend program through
2020," she added.

Upgrades:

   Issuer: Eldorado Gold Corporation

   -- Speculative Grade Liquidity Rating, Upgraded to SGL-1 from
      SGL-3

Outlook Actions:

   Issuer: Eldorado Gold Corporation

   -- Outlook, Changed To Stable From Negative

Affirmations:

   Issuer: Eldorado Gold Corporation

   -- Probability of Default Rating, Affirmed B1-PD

   -- Corporate Family Rating, Affirmed B1

   -- Senior Unsecured Regular Bond/Debenture, Affirmed B1 (LGD4)

RATINGS RATIONALE

Eldorado's B1 corporate family rating is driven by its modest
scale, exposure to the volatile price of gold, relatively high
geopolitical risks, limited mine diversity, and execution risks
related to its material development projects, particularly in
Greece. The company has experienced delays on its mining projects
in Greece largely driven by setbacks in receiving permits and
licenses, reflecting the risk of operating in a jurisdiction with
higher political risk and lack of proven mining legislation and
regulations. Eldorado however, has a below average cost position,
large reserves, low leverage and growing production that should
support deleveraging past 2017. Additionally, Eldorado has a very
large cash balance which will allow it to fund its cash consumption
driven by project development spending without increasing debt.

Eldorado has very good liquidity (SGL-1), with a cash balance of
$126 million at June 2016, which is will increase to over $1
billion by year end. (It has closed the $300 million sale of its 82
percent interest in the Jinfeng mine on Sept 6th, and the $600
million sale of its respective interests in the White Mountain and
Tanjianshan mines and the Eastern Dragon development project is
expected to close in the fourth quarter). This large cash balance
will allow Eldorado to fund estimated free cash flow consumption of
about $350 million in 2017, after over $500 million is spent on
capital expenditures. Additionally, the company has a $250 million
revolving credit facility ($30 million drawn against the facility
at Q2/16) which matures in November 2020.

The stable outlook reflects Moody's expectations that Eldorado will
maintain its leverage at about 2.5x, despite lower production
following the sale of its Chinese assets, and negative free cash
flow resulting from its project development spending will be funded
with its sizeable cash balance.

Upward rating movement could occur should Eldorado achieve
commercial production at some of its key development projects,
reducing its mine development execution risk, accompanied by
adjusted leverage sustained below 3x and adequate liquidity.

Downward rating movement could occur should liquidity weaken
materially or if uncertainty increases over the ability of Eldorado
to complete its development projects and produce cash flow,
particularly in Greece. A ratings downgrade would also result
should adjusted leverage exceed 4x.

Headquartered in Vancouver, Canada, Eldorado Gold Corporation owns
and operates two gold mines in Turkey, and a lead/zinc/silver mine
in Greece. The company is also constructing the Olympias and
Skouries gold mines in Greece.


EMMIS COMMUNICATIONS: S&P Lowers CCR to 'CCC'; Outlook Negative
---------------------------------------------------------------
S&P Global Ratings said that it lowered its corporate credit rating
on Indianapolis-based radio broadcasting company Emmis
Communications Corp. to 'CCC' from 'B-'.  The rating outlook is
negative.

At the same time, S&P lowered its issue-level rating on the
company's $205 million senior secured credit facility to 'CCC+'
from 'B'.  The recovery rating remains '2', indicating S&P's
expectation for substantial recovery (70%-90%; upper half of the
range) of principal in the event of a payment default.

"The downgrade reflects our expectation that Emmis could violate
its covenants in May 2017 due to covenant step-downs, barring an
amendment or significant noncore asset sales," said S&P Global
Ratings' credit analyst Heidi Zhang.  S&P also projects EBITDA will
decline in the fiscal year ending Feb. 28, 2017, from the previous
year due to a direct format competitor in the Los Angeles market,
weakness in Emmis' publication ad revenues, and the company's
continued investments in NextRadio.  S&P's base-case scenario
doesn't incorporate Emmis CEO Jeff Smulyan's plans to acquire the
company's outstanding public equity with $70 million second-lien
notes (the "go-private transaction") or the contingent amendment to
covenant levels, which we believe could all take several months to
be approved and closed.

"The negative rating outlook reflects our view that due to the
large covenant step-down Emmis is likely to violate its covenant in
the quarter ending May 2017, barring an amendment or significant
noncore asset sales," said Ms. Zhang.

S&P could lower the corporate credit rating if the company is
unable to get an amendment or generate enough asset sale proceeds
to repay debt, leading S&P to believe that an event of default is
imminent.

S&P could raise the rating if it no longer expects Emmis to violate
its covenants during the next 12 months due to the company
obtaining an amendment or getting sufficient proceeds from noncore
asset sales to pay down debt.  An upgrade would also require S&P to
believe that Emmis will have sufficient sources of liquidity to
cover uses over the next 12 months.



EMR ELECTRIC: FIFC Premium Finance Agreement Approved
-----------------------------------------------------
The U.S. Bankruptcy Court for the Southern District of Texas
authorized EMR Electric Motor Rewind, L.P., et al., to enter into
an Insurance Premium Finance Agreement with FIRST Insurance Funding
Corp.

The Insurance Premium Finance Agreement contains, among others,
these relevant terms:

     (1) Total Premiums, Taxes and Fees: $23,794

     (2) Cash Down Payment: $5,949

     (3) Unpaid Premium Balance/Amount Financed: $17,846

     (4) Finance Charge: $668

     (5) Annual Percentage Rate: 8.89%

FIRST Insurance Funding was granted a first priority lien on and
security interest in unearned premiums, senior to the lien of any
DIP Lender and any claims.

The Court held that in the event the Debtors do not make any of the
payments under the Order or the Premium Finance Agreement as they
become due, the automatic stay will automatically lift to enable
FIRST Insurance Funding to take all steps necessary and appropriate
to cancel the Policies, collect the collateral and apply the
collateral to the indebtedness owed to FIRST Insurance Funding by
the Debtors.

A full-text copy of the Order, dated Sept. 26, 2016, is available
at https://is.gd/KZa9Pm

              About EMR Electric Motor Rewind

Headquartered in Corpus Christi, Texas, EMR Electric Motor Rewind,
L.P., is a manufacturing and equipment repair company.  EMR
Holdings, L.L.P., owns 99% of EMR Electric Motor Rewind, L.P.

EMR Electric Motor Rewind, L.P. -- fdba Electric Motor Rewind, LP,
EMR Electrical Group, Inc., fdba Electric Motor Rewind, Inc., fdba
EMR Energy Services Management, Inc., fdba EMR Energy Services,
L.P. -- filed for Chapter 11 bankruptcy protection (Bankr. S.D.
Tex. Case No. 16-20184) on May 11, 2016.  At the time of the
filing, EMR Electric Motor estimated both assets and liabilities in
the range of $1 million to $10 million.  EMR Holdings estimated
assets of $0 to $50,000 and debts of $1 million to $10 million.

The Chapter 11 petitions were signed by Raymond Lopez, as
authorized representative.  Judge Marvin Isgur presides over the
case.  William B Kingman, Esq., at the Law Offices of William B.
Kingman, PC, serves as the Debtors' bankruptcy counsel.



ENERGYSOLUTIONS INC: S&P Affirms B- CCR, Outlook Altered to Stable
------------------------------------------------------------------
S&P Global Ratings said that it has revised its outlook on Salt
Lake City-based EnergySolutions Inc. to stable from negative and
affirmed all of its other ratings on the company, including S&P's
'B-' corporate credit rating.

"The affirmation and outlook revision reflect our belief that the
company's recent prepayment on its term loan, combined with
management's less-aggressive financial policies over the next year,
will allow it to maintain an adjusted debt-to-EBITDA metric of less
than 7.5x while its liquidity remains adequate," said S&P Global
credit analyst James Siahaan.  As of June 30, 2016, the company's
adjusted debt-to-EBITDA was 6.9x, which is down meaningfully from
7.7x as of March 31, 2016.  While the company's leverage is still
very high, our base-case scenario forecasts that its debt leverage
will continue to decline over the course of the next year,
particularly if EnergySolutions enhances its earnings by completing
its proposed acquisition of fellow nuclear services company Waste
Control Specialists LLC (WCS), or if it uses the remainder of its
divestiture proceeds to reduce its debt.

The stable outlook on EnergySolutions reflects that, despite the
company's muted organic growth and the recent project delays that
have hurt its disposal operations, its recent debt reduction and
the potential acquisition of WCS will likely allow it to maintain
an adjusted debt-to-EBITDA metric in the 6.5x-7.5x range.  Though
still quite high, S&P views this level of debt leverage, along with
the company's adequate liquidity, as sufficient for the current
rating.

S&P could lower its ratings on EnergySolutions if the company's
adjusted debt-to-EBITDA metric rises above 7.5x with limited
prospects for improvement.  This scenario could occur if a weak
operating environment for nuclear decommissioning services hurts
the company's profitability; if regulatory authorities prohibit the
company from acquiring WCS; if unexpected integration challenges
lead to significant costs; or if the company uses a
greater-than-expected level of debt funding for this or another
meaningful acquisition.  S&P could also lower its ratings if the
company's liquidity becomes pressured, which could occur if the the
borrowings under its revolver exceed 25% of the committed amount,
the 6.5x springing net leverage covenant becomes effective, and the
company is unable to comply with or amend the covenant.

S&P could raise its ratings on EnergySolutions if the company's
waste volumes, operating efficiency, cost management, and
profitability all improve significantly, or if it receives a
sizable equity infusion or legal settlement that reduces its debt,
causing its adjusted debt-to-EBITDA metric to decline to less than
6.5x and remain there for more than two consecutive quarters.  An
upgrade would also be predicated on management and ownership
committing to abide by more conservative financial policies while
maintaining adequate liquidity.


ENTERPRISE BUSINESS: Confirmation Hearing Set for Nov. 3
--------------------------------------------------------
Judge Edward A. Godoy of the U.S. Bankruptcy Court for the District
of Puerto Rico approved the Disclosure Statement filed by
Enterprise Business Corporation in support of its Chapter 11 Plan.

A hearing for the consideration of the confirmation of the Plan
will be held on November 3, 2016, at 9:30 a.m., in Ponce, Puerto
Rico.

Enterprise Business Corporation sought bankruptcy protection
(Bankr. D.P.R. Case No. 13-10452) on Dec. 17, 2013.  Nydia Gonzalez
Ortiz, Esq. of Santiago & Gonzalez, represents the Debtor.



ESPRESSO DREAM: Voluntary Chapter 11 Case Summary
-------------------------------------------------
Debtor: Espresso Dream LLC
           dba Espresso Matto
        42 East 46th Street, 1st Floor
        New York, NY 10017

Case No.: 16-12749

Chapter 11 Petition Date: September 30, 2016

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

Judge: Hon. Michael E. Wiles

Debtor's Counsel: Jonathan S. Pasternak, Esq.
                  DELBELLO DONNELLAN WEINGARTEN
                  WISE & WIEDERKEHR, LLP
                  One North Lexington Avenue
                  White Plains, NY 10601
                  Tel: (914) 681-0200
                  Fax: (914) 684-0288
                  E-mail: jpasternak@ddw-law.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $500,000 to $1 million

The petition was signed by Moshe Maman, manager.

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/nysb16-12749.pdf


ETERNAL ENTERPRISE: Insiders' Loan Is Equity Contribution, Ct. Says
-------------------------------------------------------------------
In the adversary case captioned Hartford Holdings, LLC Plaintiff,
v. Vera Mladen and Dusan Mladen a/k/a David Mladen, Defendants,
Adv. Pro. No. 15-02034 (AMN) (Bankr. D. Conn.), HHLLC, a secured
creditor of Debtor Eternal Enterprise, Inc., commenced the
adversary proceeding objecting to the Debtor's scheduled
representation that it owes an unsecured debt of $925,784 to Vera
Mladen and Dusan Mladen, a/k/a David Mladen, attributable to
various monies the Mladens allegedly advanced to the Debtor during
the period in which they were insiders with full control over the
Debtor.

In addition to objecting to the Debtor's scheduling the Purported
Loans as unsecured debt, the Complaint further seeks to
recharacterize the Purported Loans as equity contributions pursuant
to 11 U.S.C. Section 105(a), or, in the alternative, to equitably
subordinate the Purported Loans under 11 U.S.C. Section 510(c).

Judge Ann M. Nevins of the United States Bankruptcy Court for the
District of Connecticut, New Haven Division, sustained HHLLC's
objection; disallowed the Mladens' scheduled claim of $925,784 as
an unsecured claim; and recharacterized the loan as an equity
contribution.

Judge Nevins also entered judgment on Count One of the Complaint in
favor of the plaintiff; the judgment on Count Two of the Complaint
is entered in favor of the plaintiff; and the judgment on Count
Three of the Complaint is not entered in favor of the plaintiff
because the relief sought is moot; and instructed Debtor Eternal
Enterprise, Inc., to file amended schedules reflecting the effect
of this Order by no later than September 30, 2016.

Based on the trial record, Judge Nevins found that it appears to
the court that seven of the eleven AutoStyle factors weigh in favor
of recharacterization.  Most significantly, the lack of any formal
written agreements memorializing the terms and conditions upon
which the Purported Loans were to be repaid, the absence of a fixed
maturity date, payment schedule, interest rate, the expectation of
repayment only upon a successful sale of the Debtor's properties,
and the complete subordination of the Mladens' right to repayment
to those of all other creditors evidence an intent by the Mladens
to provide liquidity to their family business while avoiding the
formal and financial obligations associated with arms-length
financing, the judge said.

A full-text copy of the Memorandum of Decision and Order dated
September 16, 2016 is available at https://is.gd/a2pfD9 from
Leagle.com.

Hartford Holdings, LLC, Plaintiff, is represented by Thomas A.
Gugliotti, Esq. -- tgugliotti@uks.com -- Updike, Kelly & Spellacy &
Kevin J. McEleney, Esq. -- kmceleney@uks.com -- Updike Kelly &
Spellacy PC.

Vera Mladen, Defendant, is represented by Robert Ricketts, Esq. --
Law Offices of Robert A. Ricketts, LLC.

             About Eternal Enterprise

Eternal Enterprises Inc. -- http://www.eternalenterprises.net/--  
filed a Chapter 11 bankruptcy petition (Bankr. D. Conn. Case No.
14-20292) on Feb. 19, 2014.  The petition was signed by Vera
Mladen, president.  The Debtor owns and manages eight properties
located in Hartford, Conn.  Judge Ann M. Nevins presides over the
case.  The Debtor is represented by Irene Costello, Esq., at
Shipkevich, PLLC.  The Debtor estimated assets at $50,000 to
$100,000 and debts at $1 million to $10 million at the time of the
chapter 11 filing.


EVEN ST. PRODUCTIONS: Wants Plan Filing Period Moved to Oct. 14
---------------------------------------------------------------
Even St. Productions Ltd. and Majoken, Inc. request the U.S.
Bankruptcy Court for the Central District of California to extend
the deadline to file a plan of reorganization and disclosure
statement, from Oct. 1, 2016 through and including Oct. 14, 2016.

The Debtors are requesting additional time to prepare and file
their plan and disclosure statement, to ensure that the plan and
disclosure statement that are filed take into account all of the
terms of the final version of the recent settlement between the
Debtors and Sylvester Stewart. The Debtors relate that they have
recently completed a successful mediation conference with Mr.
Stewart, during which the Debtors and Mr. Stewart settled their
disputes.

According to the Debtors, the Parties' Settlement will pave the way
for a consensual plan and will provide for the payment in full of
all general unsecured claims, including Mr. Stewart's settled
claim. The Debtors are still in the process of documenting the
settlement agreement and preparing a motion to approve the
settlement agreement.

Concurrently, the Debtors are drafting a plan and disclosure
statement that take into account the terms of the settlement, but
may need additional time to do so, given that, while an enforceable
settlement has been reached, the parties are still in the process
of actually documenting all of the specific terms of the settlement
and will likely require time to finalize the terms and prepare and
file a motion to approve the settlement.

                      About Even St. Productions Ltd.

Even St. Productions Ltd. fka Stone Fire Productions, Ltd. and
Majoken, Inc. sought Chapter 11 protection (Bankr. C.D. Cal. Case
Nos. 13-24363 and 13-24389) on May 31, 2013, in Los Angeles.
Krikor J. Meshefejian, Esq., and David L. Neale, Esq., at Levene
Neale Bender Rankin & Brill, LLP, serve as counsel to the Debtor.
Even St. and Majoken each estimated assets and debts of $1 million
to $10 million.  The petitions were signed by Gerald Goldstein,
president.

The Honorable Julia W. Brand presides over the case.


FINJAN HOLDINGS: ESET's Complaint Filed vs. Subsidiary Dismissed
----------------------------------------------------------------
Finjan Holdings, Inc., disclosed that its subsidiary Finjan, Inc.'s
Motion to Dismiss, Stay or Transfer ESET, LLC's complaint for
declaratory judgment, filed in the U.S. District Court for the
Southern District of California (Case No. 3-16-cv-01704) was
granted on Sept. 26, 2016.

Specifically, the Honorable Cathy Ann Bencivengo of the Southern
District found ESET's DJ action anticipatory of Finjan's Complaint
filed on the same day in the U.S. District Court for the Northern
District of California (Case No. 3:16-cv-03731-JD), and that
factors such as, convenience, judicial economy, and the need to
include all parties and all issues in a single action weighed in
favor of dismissal of the Southern District action.  ESET's
original DJ complaint did not include its parent company, ESET,
spol. s.r.o. and sought a declaration of non-infringement of only
one of the six patents Finjan asserted against ESET and its parent,
ESET SPOL in the Northern District.

On Sept. 1, 2016, the Honorable James Donato of the Northern
District stayed Finjan's action pending the Southern District's
decision, and ordered the parties to "promptly file ... a copy of
the transfer decision once issued".

"Finjan will comply with Judge Donato's order without delay, as we
are eager to prove the merits of our claims and seek fair
compensation for ESET's continuing infringement of our patents,"
said Julie Mar-Spinola, Finjan Holdings' chief IP Officer.
ESET's accused products include its Small Office Protection
products and Business Protection products, as well as ESET's Home
Protection products, and ESET's accused services include ESET Virus
Removal services and Tune-up and Virus Remover Service. Filed on
July 1, 2016, Finjan asserts that the Accused Products and Accused
Services infringe U.S. Patent Nos. 6,154,844; 6,804,780; 7,975,305;
8,079,086; 9,189,621; and 9,219,755. Finjan seeks, among other
things, a jury trial, damages of not less than $44M, injunctive
relief, enhanced damages, and reasonable attorneys' fees and costs
from ESET.  Also on July 1, Finjan filed a companion complaint
against ESET for infringement of Finjan’s European Patent No. EP
0965094 in the German Court of First Instance in Dusseldorf.  In
the German Action, ESET's Answer is due Oct. 31, 2016, Finjan's
Response is due Feb. 6, 2017, ESET's Reply is due May 15, 2017, and
the Hearing is scheduled for
July 6, 2017.

Finjan has pending infringement lawsuits against FireEye, Inc.,
Symantec Corp., Palo Alto Networks., and Blue Coat Systems, Inc.
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: To Participate in Upcoming Industry Events
-----------------------------------------------------------
Finjan Holdings, Inc., announced that its executive team recently
participated and will be attending upcoming industry events and
investor conferences as the Company continues to serve as a thought
leader and innovator in the security space.  

Phil Hartstein, Finjan's president and CEO, participated on a panel
on Sept. 28, 2016, discussing 'What's New in Patent Monetization.'
The panel was hosted by the Licensing Executives Society (LES) in
New York.  Mr. Hartstein is also scheduled to take part in the
annual meetings for the Licensing Executives Society (LES) in
Vancouver, BC from October 23-26, 2016 and the American
Intellectual Property Law Association (AIPLA) in Washington D.C.
from October 27-28, 2016.  The 5th annual London IP Summit will
take place October 12-13, 2016 at the London Stock Exchange.  Phil
Hartstein, is a featured panelist on October 13th.  Mr. Hartstein
is also scheduled to participate on a panel discussing Getting
Deals Done in Today's Market at the IP Dealmakers Forum in New York
City November 17-18, 2016.

On Oct. 12, 2016, Finjan's CIPO and VP, Legal Operations, Julie
Mar-Spinola will be speaking on a panel of patent practitioners
from SCU's Entrepreneurs' Law Clinic, Pure Storage and Google, to
discuss how to leverage engineering experience and expertise into a
successful career as a patent professional.  On Oct. 13, 2016, Ms.
Mar-Spinola will join a panel of women leaders from Hint Water,
Adobe Systems, and HP at the Women's Initiative Event at White &
Case.

Finjan's CFO, Michael Noonan, is scheduled to participate at the
MicroCap Conference in Philadelphia, PA taking place at the Hotel
Monaco from October 24-25, 2016.
    
As a member of Patent Public Advisory Committee (PPAC) to the US
Patent & Trademark Office (USPTO), Ms. Mar-Spinola is helping
prepare the 2016 PPAC Annual Report to the President Obama and
members of the U.S. Congress, to be published in the Official
Gazzette on Nov. 29, 2016.

Recently, Julie Mar-Spinola, a co-founder of ChIPs
(www.chipsnetwork.org), participated in the fifth Annual ChIPs
Women in IP Global Summit on September 14-16, 2016 in Washington
D.C.

This event spanned three days of interactive programs for Next Gen
women; induction of ChIPs' new Hall of Fame recipient, US CTO
(White House), Megan Smith; fireside chats with USPTO Director,
Michelle K. Lee, Sen. Mazie Hirono (D-HI), NPR Supreme court
Correspondent Nina Totenberg, and Polaris Partners' Amy Shulman;
and featured panelists, including Oracle's General Counsel, Dorian
Daley; the Dept. of Justice's Renata Hesse; all five of the women
judges of the Court of Appeals for the Federal Circuit; Hon. Beth
Labson-Freeman of the US District Court for the Northern District
of California; Pattie Sellers of Fortune, among numerous other
women leaders and trailblazers.  As since its inception, the Summit
was sold out within hours of registration, once again bringing
together hundreds of women from a wide array of backgrounds to
advance the progress of innovation, leadership and equality.

Finally, Finjan was selected as a winner in the 2016 American
Graphic Design Awards for its 2015 Annual Report cover.  For more
than five decades, Graphic Design USA (GDUSA) has sponsored
competitions to highlight areas of excellence for creative
professionals.  Of the 10,000 entries submitted, Finjan was among
the 15% recognized with a Certificate of Excellence.

                         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.


FIVE LOTS LLC: Wants Deadline to File Plan Moved to December 1
--------------------------------------------------------------
Five Lots LLC asks the U.S. Bankruptcy Court for the District of
Arizona for a 60-day extension of its exclusive periods to file a
plan of reorganization until December 1, 2016 and to obtain
acceptances on the plan until February 28, 2017.

The Debtor tells that its current legal counsel was appointed only
on July 28, 2016, which was almost two months after the case was
filed.  As a result of the late appointment of legal counsel, the
Debtor did not have the benefit of reviewing its financial
situation with its proposed legal counsel prepetition and having a
tentative plan of reorganization to pursue once the Chapter 11
petition was filed.

In addition, the Debtor's current legal counsel spent most of the
month of July, 2016 trying to be appointed legal counsel for the
Debtor and filing friend of the Court briefs against the efforts of
Bella Verde Holdings, LLC to have the Debtor's case dismissed or
converted. As a result, the Debtor's current legal counsel did not
have the opportunity to start formulating or drafting its plan of
reorganization.

The Debtor also tells that it has an objection to the claims of
Bella Verde Holdings, LLC and a motion to authorize the sale of
estate property pending before the Court, and its monthly operating
reports are current.  The Debtor further tells that the discovery
responses in support of the objection were due only on Sept. 29,
2016. In that event the pending objection to those claims would be
sustained and show that Bella Verde Holdings, LLC has no claim in
the Debtor's estate, the three remaining claims in this case could
be paid in full.

Attorney for Debtor-in-Possession:

          David Allegrucci, Esq.
          ALLEGRUCCI LAW OFFICE PLLC
          307 North Miller Road
          Buckeye, AZ. 85326
          Phone: (623)412-2330
          Fax:(623)878-9153
          Email: david.allegrucci@azbar.org

                         About Five Lots LLC

Five Lots LLC filed a Chapter 11 petition (Bankr. D. Ariz. Case No.
16-06224 ), on June 1, 2016, Pro Se.  David Allegrucci, Esq. at
Allegrucci Law Office PLLC in Buckeye, AZ has been appointed as the
Debtor's current legal counsel on July 28, 2016.


FLORIDA REAL: Unsecured Creditor to Get 50% of Claim in Plan
------------------------------------------------------------
Florida Real Estate LLC filed with the U.S. Bankruptcy Court for
the Eastern District of Pennsylvania a disclosure statement
explaining its Chapter 11 Plan of Reorganization.

                       The Property

The Debtor was incorporated by the late Edward Wiengartner, Jr. to
hold title to a tract of approximately 49 acres of land in
Willistown Township, Chester County, which was the site of a
townhouse development developed by Weingartner. After the
development was substantially completed, there remained on site a
dated structure utilized as a residence by Wiengartner and
long-time companion Drema Odell, which was known as 1801 Whispering
Brook Drive, Newtown Square, Chester County, PA, 19073 (the
Property).

When Wiengartner suffered a fatal heart attack, Odell was appointed
as executor of his estate and principal legatee has been
administered by Odell. The mortgage was assigned to One Best Bank,
FSB, which merged into CIT Bank N.A.  West commenced a mortgage
foreclosure in the Court of Common Pleas of Chester County.
Because of the confusion over the correct description of the
Property subject to foreclosure, West also commenced a separate
quiet title action against the Debtor and Odell in the Chester CCP.


The Debtor and Odell were represented in these actions by Lawrence
Wood, Esq., a retired judge of Chester CCP.  Mr. Wood and counsel
for West reached an agreement in 2014 which contemplated a sale of
the Property to Odell for the value of the Property, which was
agreed to be substantially less than West's mortgage balance.
Draft settlement stipulations were exchanged between counsel but
have never been finalized.

When the parties were unable to finalize the agreement, the Chester
CCP listed both the foreclosure action and the quiet title action
for trial in January 2016, and continued to April 2016.

In March 2016, Odell got sick, underwent surgery, and had extensive
rehabilitation.  Mr. Wood also withdrew as counsel for the Debtor
and Odell was left to defend the Defendants pro se. She moved to
continue the trial but was denied this request.

Odell was eventually obliged to file the instant bankruptcy case to
preserve the settlement which had been negotiated with CIT and its
predecessors.

                       Terms of the Plan

The Debtor's Plan of Reorganization contains five classes. Class 1
is all priority Claims. Class Two is the alleged secured claim of
CIT.  Class Three is the alleged secured claim of the Chester
County Tax Claim Bureau ("CCTCB"). Class four the alleged secured
claim of Willistown Township ("Willistown"). Class 5 is the
residual class of unsecured creditors, which is believed to include
only Wood.

Class 1 is unimpaired by the Plan, and each holder of a Class 1
Priority Claim will be paid in full, in cash, upon the later of the
effective date of the Plan as defined in Article VII, or the date
on which such claim is allowed by a final non-appealable order.

Class 2 is impaired and will be paid the value of the Property,
believed to be $150,000, in exchange for satisfaction of its
alleged lien against the Property.

Classes 3 and 4 are impaired and will not be paid, but will retain
their respective liens against the Property.

Class 5 is impaired and will be paid 50% of allowed claim on the
effective date.

The Debtors believe that all classes except the Class 1
Administrative attorney's fee claims are impaired, and will solicit
a ballot from Wood, the only creditor eligible to vote on the
plan.

A full-text copy of the Disclosure Statement is available at:

          http://bankrupt.com/misc/paeb16-12958-57.pdf

Florida Real Estate, LLC (Bankr. E.D. Pa. Case No. 16-12958) sought
protection under Chapter 11 of the Bankruptcy Code on
April 27, 2016.

The Debtor is represented by David A. Scholl, Esq. of the Law
Office of David A. Scholl.




FPUSA LLC: Court Extends Plan Filing Period Through November 17
---------------------------------------------------------------
Judge Brenda T. Rhoades of  the U.S. Bankruptcy Court for the
Eastern District of Texas extended FPUSA, LLC's (a) deadline to
file a plan of reorganization until Nov. 17, 2016, (b) exclusive
period in which to file a plan of reorganization until Nov. 17,
2016, and (c) exclusive time in which to obtain acceptances of a
plan of reorganization until Jan. 16, 2017.

The Troubled Company Reporter said the the Debtor sought
exclusivity extension for 90 days, telling the Court that the
Debtor cannot propose a realistic plan of reorganization until the
District Court first rules on the Debtor's Motion seeking
dissolution of the preliminary injunction which is critical to the
Debtor's reorganization efforts.  According to the Debtor, if the
preliminary injunction is dissolved, the Debtor can resume its
business and propose a plan of reorganization premised upon a
revenue generating business, otherwise, the Debtor will likely
convert to a Chapter 7 liquidation as it has previously advised the
Court and relevant parties.

                      About FPUSA, LLC

FPUSA, LLC filed a Chapter 11 petition (Bankr. E.D. Tex. Case No.
16-40742), on April 21, 2016.  The petition was signed by Robert
Russell, sole executive committee member.

The case is assigned to Hon. Brenda T. Rhoades.

The Debtor's counsel is John T. Richer, Esq. at Hall Estill
Hardwick Gable Golden Nelson, P.C. of 320 South Boston Svenue,
Suite 200, Tulsa, OK 74103-3706.

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


FRANK W. KERR: U.S. Trustee Forms 7-Member Committee
----------------------------------------------------
The U.S. Trustee for Region 9 on Sept. 28 appointed seven creditors
of Frank W. Kerr Company to serve on the official committee of
unsecured creditors.

The committee members are:

     (1) John T. Richers, Credit Analyst
         Boehringer Ingelheim Pharmaceuticals, Inc.
         900 Ridgebury Road
         P.O. Box 368
         Ridgefield, CT 06877-0368
         Phone: 203-448-1951
         Fax: 203-837-4204
         Email: john.richers@boehringer-ingelheim.com

     (2) John Glynn, Sr. Manager Credit Risk
         Pfizer, Inc.
         6730 Lenox Center Court
         Memphis, TN 38115
         Phone: 901-215-1571
         Email: john.glynn@pfizer.com

     (3) Mitchell S. Kahan, Sr. Director Trade Finance
         Par Pharmaceutical Inc.
         6 Ram Ridge Road
         Chestnut Ridge, NY 10977
         Phone: 845-364-4768
         Email: mitchell.kahan@parpharm.com

     (4) Matt Pendley, Executive Director
         Prasco, LLC Generics
         6125 Commerce Court
         Mason, OH 45040
         Phone: 513-204-1242
         Fax: 513-204-1120
         Email: m.pendley@prasco.com

     (5) Hunter Murdock, Director Head of Litigation
         Sun Pharma Corporate Services, North America
         600 College Road East, Suite 2100
         Princeton, NJ 08540
         Phone: 609-720-8047
         Email: Hunter.Murdock@sunpharma.com

     (6) Marsha Keefe, Corporate Counsel
         Lannett Company, Inc.
         13200 Townsend Road
         Philadelphia, PA 19154
         Phone: 215-333-9000 ext. 2160
         Email: mkeefe@lannett.com

     (7)Denis Osellame, Sr. Credit Manager
         Sanofi US
         55 Corporate Drive
         Bridgewater, NJ 08807-5925
         Phone: 908-981-6961
         Fax: 908-203-7727
         Email: Denis.Osellame@sanofi.com

Official creditors' committees have the right to employ legal and
accounting professionals and financial advisors, at a debtor's
expense. They may investigate the debtor's business and financial
affairs. Importantly, official committees serve as fiduciaries to
the general population of creditors they represent.

Frank W. Kerr Co. sought Chapter 11 protection (Bankr. E.D. Mich.
Case No. 16-51724) on Aug. 23, 2016.


FREEDOM COMMUNICATIONS: Can File Joint Plan Until Nov. 29
---------------------------------------------------------
Judge Mark S. Wallace of the U.S. Bankruptcy Court for the Central
District of California extended the exclusive period by which
Freedom Communications, Inc. and its affiliated debtors and the
Official Committee of Unsecured Creditors have to file a joint
chapter 11 plan and solicit acceptances to their joint plan, to and
including Nov. 29, 2016 and Jan. 28, 2017, respectively.

The Troubled Company Reporter reported earlier that the Debtors and
the Committee asked the Court for another 90-day extension of the
exclusivity periods in relation to their joint chapter 11 plan.

According to the Movants, since the beginning of these chapter 11
cases, the Debtors have directed their efforts toward marketing
their assets and soliciting offers for the purchase of their
assets, and consequently were able to close a sale with MediaNews
Group, Inc., d/b/a Digital First Media, on March 31, 2016.

As reported by the Troubled Comopany Reporter, Tribune Publishing
won an auction for the assets of Freedom Communications in March.
However, at a hearing on March 21, the bankruptcy judge approved
the sale of Freedom to Digital First Media, Inc., the stalking
horse bidder.

Tribune Publishing was ultimately declared the winning bidder at
the March 16 bankruptcy auction.  The $56 million deal, however,
was challenged by the U.S. government, which filed a lawsuit on
March 17 in U.S. District Court in Los Angeles, Calif.  The
goverment sought to block Tribune from closing its acquisition of
Freedom's assets, saying the sale poses antitrust issues.

Because Freedom Communications was to run out of operating capital
by the end of March, it asked the Court to be allowed to name
Digital First Media as the successful bidder.  DFM's offer was
about $52 million.

In their motion to extend the Exclusivity Periods, the Debtors said
they were not in a position to file a plan and disclosure statement
prior to the conclusion of the sale of their assets, as the
proceeds from the sale is the source of funding for the plan,
Movants further claim.

Currently, the Movants have been focusing their attention on
negotiating and preparing a joint chapter 11 plan of liquidation
pursuant to which, among other things, the proceeds of the sale
will be distributed, and in order to assist the Debtors and the
Committee in formulating a plan an accurate amount of estimated
liabilities needs to be determined, so that the Debtors have filed
four omnibus objections to claims, scheduled to be heard on
September 26, 2016, and are continuing to review other claims filed
against the Debtors' estates for other potential objections.

Further, the Movants assert that the Debtors have filed amended
schedules regarding employee priority and general unsecured claims,
anticipating another round of claim objections to be prepared and
filed relating to employee claims.

Moreover, the Movants relate that the Debtor, SPV II, has initiated
and resolved an adversary proceeding against Angelo, Gordon
Management, LLC regarding the amount of Angelo Gordon's allowed
unsecured claim in certain of these chapter 11 cases, and the
resolution of such claim is critical to formulation of any plan.

                       About Freedom Communications

Headquartered in Santa Ana, California, Freedom Communications,
Inc., owns two daily newspapers -- The Press-Enterprise in
Riverside, Calif. and The Orange County Register in Santa Ana,
Calif.

Freedom Communications and 24 of its affiliates sought Chapter 11
bankruptcy protection in California with the intention of selling
their assets to a group of local investors led by Rich Mirman,
Freedom's chief executive officer and publisher.

Headquartered in Santa Ana, California, Freedom owns two daily
newspapers -- The Press-Enterprise in Riverside, Calif. and The
Orange County Register in Santa Ana, Calif.

Freedom Communications, Inc., et al., filed Chapter 11 bankruptcy
petitions (Bankr. C.D. Cal. Proposed Lead Case No. 15-15311) on
Nov. 1, 2015.  Richard E. Mirman signed the petition as chief
executive officer.  Lobel Weiland Golden Friedman LLP serves as the
Debtors' counsel.  The Debtors employed GlassRatner Advisory &
Capital Group LLC as their financial advisor and consultant.

Freedom Communications Holdings estimated both assets and
liabilities in the range of $10 million to $50 million.

The Official Committee of Unsecured Creditors is represented in the
case by Robert J. Feinstein, Esq. and Jeffrey W. Dulberg, Esq., at
Pachulski Stang Ziehl  & Jones LLP.


FREESEAS INC: Concludes $1.93-Million Sale of Vessel
----------------------------------------------------
FreeSeas Inc. disclosed that on Sept. 26, 2016, it sold to
unrelated third parties the M/V 'Free Maverick', a 1998-built,
23,994 dwt Handysize dry bulk carrier for a sale price of
$1,925,000 and her mortgage was discharged.

                      About FreeSeas Inc.

Headquartered in Athens, Greece, FreeSeas Inc., formerly known as
Adventure Holdings S.A., was incorporated in the Marshall Islands
on April 23, 2004, for the purpose of being the ultimate holding
company of ship-owning companies.  The management of FreeSeas'
vessels is performed by Free Bulkers S.A., a Marshall Islands
company that is controlled by Ion G. Varouxakis, the Company's
Chairman, President and CEO, and one of the Company's principal
shareholders.

The Company's fleet consists of six Handysize vessels and one
Handymax vessel that carry a variety of drybulk commodities,
including iron ore, grain and coal, which are referred to as
"major bulks," as well as bauxite, phosphate, fertilizers, steel
products, cement, sugar and rice, or "minor bulks."  As of
Oct. 12, 2012, the aggregate dwt of the Company's operational
fleet is approximately 197,200 dwt and the average age of its
fleet is 15 years.

Freeseas reported a net loss of US$52.94 million on US$2.30 million
of operating revenues for the year ended Dec. 31, 2015, compared to
a net loss of US$12.68 million on US$3.77 million of operating
revenues for the year ended Dec. 31, 2014.  As of Dec. 31, 2015,
FreeSeas had US$18.71 million in total assets,
US$35.47 million in total liabilities and a total shareholders'
deficit of US$16.76 million.

RBSM LLP, in New York, issued a "going concern" qualification on
the consolidated financial statements for the year ended Dec. 31,
2015, citing that the Company has incurred recurring operating
losses and has a working capital deficiency.  In addition, the
Company has failed to meet scheduled payment obligations under its
loan facilities and has not complied with certain covenants
included in its loan agreements and is in default in other
agreements with various counter parties.  Furthermore, the vast
majority of the Company's assets are considered to be highly
illiquid and if the Company were forced to liquidate, the amount
realized by the Company could be substantially lower that the
carrying value of these assets.  These conditions among others
raise substantial doubt about the Company's ability to continue as
a going concern.


FUNCTION(X) INC: Delays Filing of Fiscal 2016 Annual Report
-----------------------------------------------------------
Function(x) Inc. has filed a Form 12b-25 with the Securities and
Exchange Commission notifying the delay in the filing of its annual
report on Form 10-K for the year ended June 30, 2016.

During and subsequent to the fiscal year ended June 30, 2016,
Function(x) completed several transactions that resulted in changes
to the accounting for the Company's reporting units.

As reported on its Current Report on Form 8-K dated Sept. 9, 2015,
on Sept. 8, 2015, the Company acquired all of the assets of the
DraftDay.com business from MGT Capital Investments Inc. and MGT
Sports, Inc.  As reported on its Current Report on Form 8-K dated
Feb. 8, 2016, the Company completed the sale of its rewards
business to Perk.com, Inc. on that date.  As reported on its
Current Report on Form 8-K dated July 12, 2016, the Company
acquired from Rant, Inc. the assets used in the operation of the
Rant.com independent media network and related businesses.  As a
result of those acquisitions and dispositions, the Company's
operations were divided into three reporting units.  In accordance
with Financial Accounting Standards Board Accounting Standards
Codification 350 Intangibles - Goodwill and Other, goodwill and
intangible assets must be evaluated for potential impairment at
the reporting unit level.  Due to the significant estimates and
assumptions used in assessing goodwill and intangible assets for
potential impairment, finalization of these evaluations has taken
longer than anticipated.

Additionally, as reported on its Current Report on Form 8-K dated
Sept. 16, 2016, the Company effectuated a reverse stock split on
such date, which was required to be retroactively applied to the
financial statements contained in the Company's Form 10-K for the
fiscal year ended June 30, 2016, even though it occurred subsequent
to the end of the fiscal year.

                     About Function(x)Inc.

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

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

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


FURNITURE BRANDS: Court Denies Heritage's Bid to Compel Arbitration
-------------------------------------------------------------------
In the adversary case captioned FBI WIND DOWN INC. LIQUIDATING
TRUST, BY AND THROUGH ALAN D. HALPERIN, AS LIQUIDATING TRUSTEE,
Plaintiff, v. HERITAGE HOME GROUP, LLC, et al., Defendants, Adv.
Pro. No. 15-51899 (CSS) (Bankr. D. Del.), Judge Christopher S.
Sontchi of the United States Bankruptcy Court for the District of
Delaware denied Heritage's motion to compel the arbitration of
several claims in the adversary proceeding.

Heritage purchased substantially all of the Debtors' assets
pursuant to a Sale Order approved by the Court on November 22,
2013.  The Second Amendment to the Asset Purchase Agreement
required Heritage and the Sellers to engage in a purchase price
reconciliation process in the sixty days after Closing.  The
parties were unable to agree on the proper purchase price
reconciliations.  As a result, the Trustee, as
successor-in-interest to the Sellers, filed the adversary
proceeding.  The Trustee asserts that, under the purchase price
reconciliation provisions in the APA, Heritage owes the Liquidating
Trust approximately $13,000,000.  Heritage denies the Trustee's
accounting and asserts that the Liquidating Trust owes Heritage
approximately $8,000,000.

The judge noted that the parties have raised two disputes that
might be subject to mandatory arbitration. First, the parties
dispute whether Heritage has the right to retain "Auction Clearing
House Electronic Receipts & Deposits" ("ACHE-R/D") earned by the
Sellers shortly before Closing. Second, the parties dispute what
accounting method—GAAP or the Sellers' traditional
practices—must be applied in calculating the purchase price
reconciliations.

Heritage asserts that, under Section 3(a) and Section 3(b) of the
Second Amendment, these disputes must be submitted to the
Accounting Arbitrator for resolution. In response, the Trustee
argues that this Court must first determine several threshold legal
issues before these claims may be submitted to arbitration. The
Trustee asserts that the issues raised in his Complaint (1) are
outside the scope of the Arbitration Clause and (2) are issues over
which the Court expressly retained jurisdiction in the Sale Order.

The text and structure of the Arbitration Clause make clear that
the Arbitration Clause is narrow in scope and only requires
arbitration of accounting disputes, the judge said.  Because the
disputes raised by the Trustee are clearly disputes about
interpreting the APA and defined terms within the APA, there is no
basis for compelling arbitration of the Trustee's claims at this
time, the judge held.

Furthermore, none of the current disputes between the parties is
actually a dispute over how an accounting method should be applied,
the judge pointed out.  The parties' dispute over auction
clearinghouse electronic receipts and deposits is entirely based on
how defined terms in the APA should be interpreted, and because
this is entirely a legal dispute, it is not subject to mandatory
arbitration, the judge concluded.

The judge also held that the parties' dispute over Accounts Payable
Obligations boils down to a dispute over whether the APA requires
the parties to use GAAP accounting methodology or the Sellers'
historical accounting practices. This, again, is a dispute on how
the provisions of the APA should be interpreted, the judge further
held.  If the Trustee succeeds in showing that the APA requires the
use of the Sellers' historical accounting practices, it will be up
to the Accounting Arbitrator to determine what the Sellers'
historical practices were and whether the Trustee has correctly
applied them, the judge said.

A full-text copy of the Opinion dated September 15, 2016 is
available at https://is.gd/wAw4Im from Leagle.com.

FBI Wind Down, Inc. Liquidating Trust, by and through Alan D.
Halperin, as Liquidating Trustee, Plaintiff, is represented by
Victoria A. Guilfoyle, Esq. -- Guilfoyle@BlankRome.com -- Blank
Rome LLP.

Heritage Home Group, LLC, Defendant, is represented by Allan J.
Arffa, Esq. --
aarffa@paulweiss.com -- Paul Weiss Rifkind Wharton & Garrison,
Robert Charles Maddox, Esq. -- maddox@rlf.com -- Richards, Layton &
Finger, P.A., Michael Joseph Merchant, Esq. -- merchant@rlf.com --
Richards Layton & Finger, P.A. & Ross A. Wilson, Esq. --
rwilson@paulweiss.com -- Paul, Weiss, Rifkind, Wharton & Garrison.

             About Furniture Brands

Furniture Brands International (NYSE:FBN) --
http://www.furniturebrands.com-- engaged in the designing,   
manufacturing, sourcing and retailing home furnishings. Furniture
Brands markets products through a wide range of channels,
including company owned Thomasville retail stores and through
interior designers, multi-line/ independent retailers and mass
merchant stores.  Its brands include Thomasville, Broyhill, Lane,
Drexel Heritage, Henredon, Pearson, Hickory Chair, Lane Venture,
Maitland-Smith and LaBarge.

The balance sheet at June 29, 2013, showed $546.73 million in
total assets against $550.13 million in total liabilities.

On Sept. 9, 2013, Furniture Brands International, Inc. and 18
affiliated companies sought Chapter 11 protection (Bankr. D. Del.
Lead Case No. 13-12329).

Attorneys at Paul Hastings LLP and Young Conaway Stargatt &
Taylor, LLP, serve as counsel to the Debtors.  Alvarez and Marsal
North America, LLC, is the restructuring advisors.  Miller
Buckfire & Co., LLC is the investment Banker.  Epiq Systems Inc.
dba Epiq Bankruptcy Solutions is the claims and notice agent.

The official creditor's committee is comprised of the Pension
Benefit Guaranty Corp., Milberg Factors Inc. and five suppliers.
The Committee tapped Blank Rome LLP as co-counsel, Hahn &
Hessen LLP as lead counsel, BDO Consulting as financial advisor,
and Houlihan Lokey Capital, Inc., as investment banker.

In November 2013, Furniture Brands won bankruptcy court approval
to sell the business to KPS Capital Partners LP for $280 million.
Private-equity investor KPS formed a new company named Heritage
Home Group LLC to operate the business.  Furniture Brands changed
its name to FBI Wind Down, Inc., following the sale.

The Debtors on July 14, 2014, won confirmation of their Second
Amended Joint Plan of Liquidation as filed on July 9, 2014.


GAWKER MEDIA: Needs Until December 7 to File Plan
-------------------------------------------------
Gawker Media LLC and its debtor-affiliates ask the U.S. Bankruptcy
Court for the Southern District of New York to extend the exclusive
periods, to file a chapter 11 plan and solicit acceptances of such
plan, by 60 days.

The Debtors specifically request that the exclusive filing period
be extended through:

     (a) Dec. 7, 2016 with respect to Gawker Media, LLC, and

     (b) Dec. 9, 2016 with respect to Gawker Media Group, Inc. and
Kinja Kft.

The Debtors further request that the exclusive solicitation period
be extended through:

     (a) Feb. 5, 2017 with respect to Gawker Media, and

     (b) Feb. 7, 2017 with respect to GMGI and Kinja.

The Debtors' Exclusive Filing Period currently expires on (a) Oct.
8, 2016 in respect of Gawker Media, and (b) Oct. 10, 2016 in
respect of GMGI and Kinja, and their Exclusive Solicitation Period
currently expires on (a) Dec. 7, 2016 in respect of Gawker Media
and (b) Dec. 9, 2016 in respect of GMGI and Kinja.

The Debtors allege that their chapter 11 cases are large and
complex and the Debtors believe that the majority of claims
outstanding consist of unsecured, contingent, disputed litigation
claims, which include claims held by members of the Committee, and
they expect a number of litigation claims to be filed through the
general bar date on Sept. 29, 2016. The Debtors relate that they
have commenced discussions with the Committee regarding the
resolution of these claims.

Furthermore, one of the Debtors' secured creditors, US VC Partners,
LP, has also asserted a claim for payment of a make-whole against
each of the Debtors in an amount not less than $3,750,000 as of the
Petition Date.  The Debtors have grounds to object to payment of
the Make-Whole, but have commenced discussions with US VC Partners
regarding settlement of the claim. Separately, as a result of the
successful Sale, the Debtors' plan must address complex questions
regarding the allocation of the Sale purchase price.

The Debtors also allege that the September 29 bar date has been set
for the filing of proofs of claim and requests for payment of
administrative expenses from the Petition Date through July 31,
2016.

Consequently, the Debtors intend to file a separate request to set
a November 15, 2016 bar date for the payment of administrative
expenses incurred through September 30, 2016, which would include
any administrative expenses incurred through the Sale Closing Date.
Each of these claims and administrative expenses will need to be
resolved through the Debtors' plan.

The Court will conduct a hearing on the Debtors' Exclusivity
Extension request on October 6, 2016 at 10:30 a.m.

                       About Gawker Media

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

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

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

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

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

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

The U.S. trustee for Region 2 on June 24 appointed three creditors
of Gawker Media LLC and its affiliates to serve on the official
committee of unsecured creditors. The committee members are Terry
Gene Bollea, popularly known as Hulk Hogan, Shiva Ayyadurai, and
Ashley A. Terrill.  The Committee retained Simpson Thacher &
Bartlett LLP, in New York, as counsel.

Counsel to US VC Partners LP, as Prepetition Second Lien Lender,
are David Heller, Esq., and Keith A. Simon, Esq., at Latham &
Watkins LLP.

Counsel to Cerberus Business Finance, LLC, as DIP Lender, are Adam
C. Harris, Esq., at Schulte Roth & Zabel LLP.


GEORGE STREET: Taps Wright Law as Attorneys
-------------------------------------------
George Street Properties, LLC asks for permission from the U.S.
Bankruptcy Court for the District of Connecticut to employ The
Wright Law Firm, LLC as attorneys.

The Debtor requires Wright Law to:

   (a) advise the Debtor regarding his rights, duties and powers
       as a debtor and a debtor­in­possession operating and
       managing his business and property;

   (b) advise and assist the Debtor with respect to financial
       agreements, debt restructuring, cash collateral orders and
       other financial transactions;

   (c) review and advise the Debtor regarding the validity of
       liens asserted against property of the Debtor;

   (d) advise the Debtor as to actions to collect and recover
       property for the benefit of the Debtor's estate;

   (e) prepare on behalf of the Debtor the necessary applications,

       motions, complaints, answers, pleadings, orders, reports,
       notices, schedules, and other documents, as well as
       reviewing all financial reports and other reports filed in
       this chapter 11 case;

   (f) counsel the Debtor in connection with all aspects of a plan

       of reorganization and related documents; and

   (g) perform all other legal services for the Debtor which may
       be necessary in this chapter 11 case.

Wright Law will be paid at these hourly rates:

       Partners                     $325
       Associates                   $225-$275
       Paralegal/Legal Assistant    $110

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

On the Petition Date, Wright Law held a retainer of $4,000 of which
$1,717 was used for the filing fee.  The retainer was and will be
applied on account of legal fees and expenses incurred in
representing the Debtor in contemplation of and in connection with
the chapter 11 case pre­petition.  The amount of $2,000 remains
after payment of legal fees and expenses incurred which includes
the filing fee immediately prior to the filing of the chapter 11
case.

Stephen P. Wright, principal of Wright Law, assured the Court that
the firm is a "disinterested person" as the term is defined in
Section 101(14) of the Bankruptcy Code and does not represent any
interest adverse to the Debtor and its estate.

Wright Law can be reached at:

       Stephen P. Wright, Esq.
       THE WRIGHT LAW FIRM, LLC
       324 Elm Street, Suite 103B
       Monroe, CT 06468
       Tel: (203) 261-3050
       Fax: (203) 268-8938

                        About George Street

George Street Properties, LLC, based in East Haven, Conn., filed a
Chapter 11 petition (Bankr. D. Conn. Case No. 16-31342) on August
26, 2016.  The Hon. Julie A. Manning presides over the case.
Stephen P. Wright, at The Wright law Firm, LLC, serves as
bankruptcy counsel.

In its petition, the Debtor estimated $500,000 to $1 million in
assets and $1 million to $10 million in liabilities. The petition
was signed by Michael Hryb, member and attorney in fact for Olga
Hryb, member.


GILBERTO REYES: Unsecureds To Get $200 Per Quarter Under Plan
-------------------------------------------------------------
Gilberto P. Reyes and Erika Reyes filed with the U.S. Bankruptcy
Court for the District of Arizona a first amended disclosure
statement dated Sept. 21, 2016, for its first amended plan of
reorganization dated Sept. 21, 2016.

Class 12 consists of all unsecured deficiency claims and unsecured
claims against the Debtor.  The Debtor estimated  unsecured claims
in the amount of $44,539.61, which does not include any deficiency
amounts for secured creditors.  Class 12 is impaired.

All allowed and approved claims under Class 12 will be paid the sum
of $200 on a quarterly basis, pro rata, from the Debtors'
disposable income, to be paid on the last day of each quarter,
starting with the quarter ending after the Effective Date and
anticipated to be Sept. 30, 2016, and continuing each quarter
thereinafter for five years.  Any liens held by the Class 12
creditors will be null and void and removed as of the Effective
Date.

The Debtors will provide for payment of all timely filed and
allowed claims over 60 months.  The Debtors will make payments in
the sum of $200 per quarter to the Class 12 unsecured creditors,
which will be disbursed as set forth in the Plan.  The source of
the funds will come from the Debtor's earned post-petition income.

The Debtors reserve the right to accelerate payment under the Plan
from financing obtained from third party financing, although
currently Debtors have no plans or ability to do so.  The Debtors
believe that by virtue of Confirmation of the Plan, they will have
the ability to pay all allowed and approved claims pursuant to the
Plan.  The unsecured creditors will be paid a total of $4,000 under
the Plan.

The First Amended Disclosure Statement is available at:

           http://bankrupt.com/misc/azb15-12013-116.pdf

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

      Eric Slocum Sparks, Esq.
      LAW OFFICES OF ERIC SLOCUM SPARKS, P.C.
      3505 North Campbell Avenue No. 501
      Tucson, Arizona 85719
      Tel: (520) 623-8330
      Fax: (520) 623-9157
      E-mail: law@ericslocumsparkspc.com
              eric@ericslocumsparkspc.com

Gilberto P. Reyes and Erika Reyes filed for Chapter 11 bankruptcy
protection (Bankr. D. Ariz. Case No. 15-12013) on Sept. 18, 2015.


GLYECO INC: Completes Quality, Research, and Dev't Laboratory
-------------------------------------------------------------
GlyEco, Inc. announced the completion of its Quality, Research, and
Development Laboratory in Rock Hill, South Carolina.  The
laboratory, located in GlyEco's Innovation Studio, is used to
support GlyEco's Quality Control & Assurance Program, develop new
products, enhance its customer training platform, identify and
onboard alternative glycol feedstock streams, and reduce the cost
of processing waste materials entering its facilities.

GlyEco's President and CEO, Grant Sahag, stated, "One of our
objectives in 2016 is to advance our intellectual property.  We
have formed the GlyEco Innovation Studio and rolled out our testing
and R&D lab in Rock Hill to support customers, develop technology,
and provide glycol testing to our industry partners. We are
dedicated to being a thought leader in the glycol space, and the
lab will further institutionalize our intellectual property,
advance our expertise in glycol recycling and antifreeze sales, and
reduce our cost to develop, secure, and analyze incoming glycol
waste streams.  The Innovation Studio is a gathering place for
employees and stakeholders to create and collaborate in the
interest of advancing technology in our business and
industry-furthering the mission of GlyEco University."  Mr. Sahag
continued, "The capital invested in our laboratory helps realize
our goal of providing high-quality products through a fully
integrated solutions platform, while furthering our long-term
commitment to innovation."

GlyEco's vice president of Quality and Research, Wayne Merrifield,
commented, "GlyEco is a glycol solutions provider, and as a
cornerstone of our strategic and tactical goals, the investment
into our own laboratory provides a strong competitive advantage for
our company.  The lab is equipped with state-of-the-art
instrumentation comparable to that utilized in the largest world
class industrial labs.  Our expanded lab capabilities will be
utilized to enhance product quality through timely and
sophisticated testing, and solidify our three-tiered quality
control and assurance program.  We continue to integrate technology
developed in the field with innovations identified here in South
Carolina.  These advancements will improve our product quality and
support a broader range of customers as we move up the value
chain."

                       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.


GREAT AMERICAN VENDING: Has Until February 2017 to File Plan
------------------------------------------------------------
Judge Robert E. Grossman of the U.S. Bankruptcy Court for the
Eastern District of New York extended The Great American Vending
Machine, Inc.'s exclusive period to file a chapter 11 plan through
February 1, 2017, and the time to solicit acceptances of the plan
until such plan is confirmed by the Court.

The Troubled Company Reporter has reported earlier that the Debtor
asked the Court to extend its exclusive periods, telling the Court
that it requires additional time to file a plan of reorganization
as it has not yet had an opportunity to evaluate the results of its
post-petition efforts to reduce overhead, increase revenues, and
evaluate the claims filed in this case.  The Debtor further tells
the Court that it has a pending objection to a substantial claim by
Lucky Stone, LLC, and that it anticipates additional objections to
claims which may involve litigation.       

                About The Great American Vending Machine

The Great American Vending Machine Company, Inc., is a New York
corporation, with its principal place of business located at 206
Wind Watch Drive, Hauppauge, New York 11788.  It owns and operates
a bulk vending machine company selling gum and novelty toys through
the use of coin operated vending machines and buying and selling
bulk vending machines primarily in New York but also in other
states including New Jersey, Connecticut, Massachusetts,
Pennsylvania and Delaware.  

The Debtor filed for Chapter 11 bankruptcy protection (Bankr.
E.D.N.Y. Case No. 16-71519) on April 7, 2016.  The petition was
signed by Stephen A. Siegel, president.  The Debtor is represented
by Anthony F. Giuliano, Esq., at Pryor & Mandelup.  The Debtor
estimated assets at $100,001 to $500,000 and liabilities at
$500,001 to $1 million at the time of the filing.


GREAT BASIN: Had 2.52M Outstanding Common Shares as of Sept. 30
---------------------------------------------------------------
On Sept. 26 through 28, Great Basin Scientific, Inc. issued
additional shares of the Company's common stock pursuant to Section
3(a)(9) of the United States Securities Act of 1933, as amended, to
adjust previously converted amortization and accelerated amounts in
the amount of $975,000 for the temporary Conversion Price
Reduction.  Pursuant to this adjustment the Company issued an
additional 346,903 shares of common stock to make the effective
pre-installment conversion price $2.50 per share.  These
conversions will no longer be subject to future deferrals.

On September 30 in accordance with the terms of the 2015 Notes
certain holders of the Notes elected to defer $12,025,300 of
principal that had previously been converted in connection with the
amortization date of Sept. 30, 2016.  An additional 101,897 shares
of common stock were issued and 94,959 shares of common stock that
had previously been issued in connection with the
Aug. 31, 2016, amortization date was applied to the conversion
true-up adjustment to make the installment period conversion price
$1.87 per share.  43,535 shares of common stock that had previously
been issued in connection with the Aug. 31, 2016, amortization date
remain as a credit against future issuances.

On September 30 certain holders of the 2015 Notes were issued
shares of the Company's common stock pursuant to Section 3(a)(9) of
the United States Securities Act of 1933, (as amended) in
connection with the pre-installment amount converted for the
amortization date of Oct. 31, 2016.  In connection with the
pre-installments, the Company issued 311,000 shares of common stock
upon the conversion of $580,886 principal amount of 2015 Notes at a
conversion price of $1.87 per share.

As of Sept. 30, 2016, a total principal amount of $8,003,121 of the
2015 Notes has been permanently converted into shares of common
stock and a principal amount of $580,886 has been converted that is
subject to deferrals. $13,515,993 principal remains to be
converted, subject to deferrals.  A total of $11.3 million of the
proceeds from the 2015 Notes has been released to the Company
including $4.6 million at closing and $6.7 million from the
restricted cash accounts.  $7.1 million remains in the restricted
accounts to be released to the Company upon future installments.

The Company previously filed an 8-K on Sept. 23, 2016, and reported
1,760,415 shares outstanding therefore as of Sept. 30, 2016, there
are 2,520,215 shares of common stock issued and outstanding.

         Modifications to Rights of Security Holders

On Sept. 26, 2016, the holders of the 2015 Notes approved a
temporary Conversion Price Reduction as permitted in the terms of
the Notes whereby up to an aggregate of $2.5 million will be
permitted to be converted at a conversion price of $2.50.  These
conversions will not be subject to future deferrals.

In connection with the temporary Conversion Price Reduction and
conversions, the exercise prices or conversion prices of certain of
our issued and outstanding securities were automatically adjusted
to take into account the reduced conversion price of the 2015
Notes.  The exercise prices of the following securities were
adjusted as follows.

Class A and Class B Warrants

As of Sept. 30, 2016, the Company had outstanding Class A Warrants
to purchase 52 shares and Class B Warrants to purchase 33 shares of
common stock of the Company.  The Class A and Class B Warrants
include a provision which provides that the exercise price of the
Class A and Class B Warrants will be adjusted in connection with
certain equity issuances by the Company.  The consummation of the
Conversions triggers an adjustment to the exercise price of the
Class A and Class B Warrants.  Therefore, on Sept. 26, 2016, the
exercise price for the Class A and Class B Warrants was adjusted
from $2.80 to $2.50 per share of common stock and on September 30,
2016 the exercise price was adjusted from $2.50 to $1.87 per share
of common stock.

Common Stock Warrants

As of Sept. 30, 2016, the Company had outstanding certain common
stock warrants to purchase 2 shares of common stock of the Company.
As a result of the Conversions, on Sept. 26, 2016, the exercise
price for certain Common Warrants was adjusted from $2.80 to $2.50
per share of common stock and on Sept. 30, 2016, the exercise price
was adjusted from $2.50 to $1.87 per share of common stock.

Series B Warrants

As of Sept. 30, 2106, the Company has outstanding Series B Warrants
to purchase 36 shares of common stock of the Company.  The Series B
Warrants include a provision which provides that the exercise
prices of the Series B Warrants will be adjusted in connection with
certain equity issuances by the Company.  The consummation of the
Conversions triggers an adjustment to the exercise price of the
Series B Warrants.  Therefore, on September 30, 2016, the exercise
price for the Series B Warrants was adjusted to $280,315 per share
of common stock.

Series G Warrants

As of Sept. 30, 2016, the Company had outstanding Series G Warrants
to purchase 38,438 shares of common stock of the Company. The
Series G Warrants include a provision which provides that the
exercise price of the Series G Warrants will be adjusted in
connection with certain equity issuances by the Company.  The
consummation of the Conversions triggers an adjustment to the
exercise price of the Series G Warrants.  Therefore, on September
26, 2016, the exercise price for the Series G Warrants was adjusted
from $2.80 to $2.50 per share of common stock and on Sept. 30,
2016, the exercise price was adjusted from $2.50 to $1.87 per share
of common stock.

                     About Great Basin

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

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

As of June 30, 2016, Great Basin had $26.09 million in total
assets, $87.07 million in total liabilities and a total
stockholders' deficit of $60.98 million.

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


GREATER BETHLEHEM: Selling Chicago Property to Budman for $790K
---------------------------------------------------------------
Greater Bethlehem Missionary Baptist Church asks the U.S.
Bankruptcy Court for the Northern District of Illinois to authorize
the sale of real property located around and including 2400 N.
Warren, Chicago Illinois, to The Budman Building, LLC for
$790,000.

A hearing on the Motion is set for Oct. 5, 2016 at 9:30 a.m.  The
closing has been scheduled for Oct. 17, 2016, however, must of the
deal in contingent on obtain the Court's Order to sell.

A copy of Sale Contract is available for free at:

           http://bankrupt.com/misc/Greater_Bethlehem_54_Sales.pdf

The salient terms of the Sale Contract are:

   a. Purchase Price: $790,000

   b. Purchased Assets: All fixtures, equipment and other items of
personal property presently installed in, affixed to or placed upon
or within the real property relating to the use,operation and
maintenance of the real property. All of Seller's right, title and
interest on to all easements, rights, interests, claims and
appurtences in any way belonging to, appertaining to, or benefiting
the real property, including the rights in adjoining real property,
streets, alleys or other public ways.

   c. Earnest Money: $20,000

   d. Closing: Oct. 17, 2016

The sale of the real property will result in the ability of the
Debtor to pay off the Sole Secured Creditor in the case, BMO Harris
for the mortgage attached to two of the 3 unit buildings owned by
the Church. In addition the contract includes a New Construction
for a New Church on the property the Debtor is retaining.

Short notice is requested because of the "Time is of the Essence"
clause in the Sale Contract.

The Purchaser:

          THE BUDMAN BUILDING, LLC
          1520 N. Damen, Suite A-1
          Chicago, IL 60622
          E-mail: developersleigh@msn.com

The Purchaser is represented by:

          Kevin A. Sterling, Esq.
          THE STERLING LAW OFFICE
          411 North LaSalle St., Suite 200
          Facsimile: (312) 962-8817
          E-mail: kevin@thesterlinglaw.com

Counsel for the Debtor:

          Robert J. Adams, Esq.
          ROBERT J. ADAMS & ASSOCIATES
          901 W. Jackson, Suite 202
          Chicago, IL 60607
          Telephone: (312) 346-0100

Greater Bethlehem Missionary Baptist Church sought Chapter 11
protection (Bankr. N.D. Ill. Case No. 16-11470) on April 3, 2016.
The Debtor estimated assets in the range of $500,001 to $1 million
and $100,001 to $500,000 in debt.  The Debtor tapped Robert J
Adams, Esq., at Robert J. Adams & Associates, as counsel.  The
petition was signed by Charles Harper, Trustee.


GRIMMET BROTHERS: Hires Boerner Dennis as Special Counsel
---------------------------------------------------------
Grimmet Brother's Inc. asks for permission from the Hon. Robert L.
Jones of the U.S. Bankruptcy Court for the Northern District of
Texas to employ William Franklin of Boerner, Dennis & Franklin,
PLLC as special counsel.

The Debtor requires Boerner Dennis to:

   (a) represent the Debtor in a pre-petition collection lawsuit
       it has against Jay LaFrance and Go-Motel, LLC; and

   (b) counsel the Debtor regarding preparation of the settlement
       agreements.

Boerner Dennis will be reimbursed for reasonable out-of-pocket
expenses incurred.

Mr. Franklin, member of Boerner Dennis, assured the Court that the
firm is a "disinterested person" as the term is defined in Section
101(14) of the Bankruptcy Code and does not represent any interest
adverse to the Debtor and its estate.

Boerner Dennis can be reached at:

       William Franklin, Esq.
       BOERNER, DENNIS & FRANKLIN, PLLC
       P.O. Box 1738
       Lubbok, TX 79408
       Tel: (806) 763-0044
       E-mail: bfranklin@bdflawfirm.com

                     About Grimmett Brother's

Grimmett Brother's, Inc., based in Snyder, Tex., filed a Chapter 11
petition (Bankr. N.D. Tex. Case No. 16-50183) on August 26, 2016.
The Hon. Robert L. Jones presides over the case.  Max Ralph Tarbox,
Esq., at Tarbox Law, P.C., serves as bankruptcy counsel.

In its petition, the Debtor estimated $10 million to $50 million in
assets and $1 million to $10 million in liabilities. The petition
was signed by Billy Grimmett, president.



GRIMMET BROTHERS: Hires Rod Partain as Accountant
-------------------------------------------------
Grimmet Brother's Inc. seeks authorization from the U.S. Bankruptcy
Court for the Northern District of Texas to employ Rod Partain as
accountant.

The Debtor requires Mr. Partain to:

   (a) advise the Debtor with regard to the tax liabilities of the

       estate;

   (b) prepare on behalf of the Debtor and the estate all
       necessary federal, state, local tax returns including, but
       not limited to income, payroll, and property tax returns;
       and

   (c) perform all other accounting services for the estate which
       are determined to be necessary herein.

Mr. Partain's fees will be determined upon proper application
pursuant to 11 U.S.C. section 330 of teh Bankruptcy Code and
Bankruptcy Rule 2016.

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

Mr. Partain can be reached at:

       Rod Partain
       3219 College Avenue
       Snyder, TX 79549

                      About Grimmett Brother's

Grimmett Brother's, Inc., based in Snyder, Tex., filed a Chapter 11
petition (Bankr. N.D. Tex. Case No. 16-50183) on August 26, 2016.
The Hon. Robert L. Jones presides over the case.  Max Ralph Tarbox,
Esq., at Tarbox Law, P.C., serves as bankruptcy counsel.

In its petition, the Debtor estimated $10 million to $50 million in
assets and $1 million to $10 million in liabilities. The petition
was signed by Billy Grimmett, president.



GUNBOAT INTERNATIONAL: Court Revokes Chen Asset Sale Order
----------------------------------------------------------
Judge David M. Warren of the United States Bankruptcy Court for the
Eastern District of North Carolina, Greenville Division, sets aside
the May 10, 2016, Final Order Approving the Sale of Assets Free and
Clear of All Liens, Claims, and Encumbrances to John Chen.

This matter comes on to be heard upon the Motion for
Reconsideration of the Sale Order filed by Holland Composites B.V.
and PeeJeeDee Sailing B.V., on May 23, 2016 and the Joint Response
to Motion for Reconsideration of Sale Order and for Additional
Relief filed by Debtor Gunboat International, Ltd. and the Official
Committee of Unsecured Creditors on June 9, 2016.

The assets more commonly known as the Gunboat G4 brand including,
but not limited to the tooling, intellectual property (excluding
the trademark Gunboat), and branding related to the G4 assets, to
include all Property defined to be the Tangible Personal Property
and the Intangible Personal Property pursuant to the Agreement.

The Holland Companies' Motion to Reconsider asserts that the court
should reconsider the sale of assets to Mr. Chen in light of
evidence that was not made available to the court at the hearing on
the Sale Motion and to prevent manifest injustice.  The Holland
Companies asserted that the court did not previously know about the
existence of the Settlement Agreement, and the Holland Companies
believed any assets related to the G4 product line would be
excluded from the sale of the Debtor's other assets. The Holland
Companies argue the Debtor improperly sold the G4 assets without
giving the Holland Companies the opportunity to offer a more
attractive bid for those assets, and for these reasons the Chen
Sale Order should be set aside under Rule 60(b). The Holland
Companies request the court to require specific performance of the
Debtor's assurance it would seek the court's approval of the
Settlement Agreement.

The Motion to Reconsider also questions whether Mr. Chen
constitutes a good faith purchaser. The Holland Companies assert
that on April 14, 2016, when the Holland Companies were under the
impression that a motion to approve the Settlement Agreement had
been filed with the court, Mr. Johnstone contacted Mr. Van
Riemsdijk to indicate that GL Yachting would be purchasing the
majority of the Debtor's assets, except for those assets related to
the G4 product line. Mr. Johnstone allegedly encouraged Mr. Van
Riemsdijk to meet Mr. Chen, a potential financial partner for the
future development of the G4, so that Mr. Johnstone could act as a
salesman for the G4 product line with Mr. Van Riemsdijk and Mr.
Chen. The Holland Parties question what relationship, if any, Mr.
Chen has to Mr. Johnstone, and whether improper collusion occurred
in the days preceding Mr. Chen's bid that would deem his purchase
to have not been made in good faith.

In the Response the Debtor and Committee assert that 11 U.S.C.
Section 363(m) statutorily moots any attack on the Chen Sale Order
because the Holland Companies failed to obtain a stay of the Chen
Sale Order before the sale to Mr. Chen closed. The Debtor and
Committee also assert that reconsideration of the sale of the
assets to Mr. Chen is futile because the Holland Companies have not
indicated they have the ability to outbid Mr. Chen.

This court rules that the failure of the Debtor and Finley to
ensure transparency and fairness in the sale of the G4 assets
demands revocation of the Chen Sale Order.

The revocation of the Chen Sale Order is necessary even if the
Holland Companies are unable subsequently to outbid Mr. Chen for
the Debtor's interest in the G4 assets, and the Debtor again
proposes Mr. Chen as purchaser, Judge Warren held.  Any subsequent
sale of the assets must comply with Section 365 and must clearly
identify what interests the Debtor holds, the judge said.  If Mr.
Chen is ultimately the highest bidder for those interests, he will
benefit in the end from actually knowing what he bought, and the
court will fulfill its responsibilities for properly evaluating and
sanctioning that sale, the judge added.

A full-text of the Order dated September 6, 2016 is available at
https://is.gd/Mh4SfH from Leagle.com.

Gunboat International, Ltd. is represented by:

          Laurie B. Biggs, Esq.
          Joseph Zachary Frost, Esq.
          STUBBS & PERDUE, P.A.
          9208 Falls of Neuse Road, Suite 201
          Raleigh, NC 27615
          Tel: (888)630-0074
          Email: jfrost@stubbsperdue.com

            -- and --

          Trawick H. Stubbs, Jr., Esq.
          STUBBS & PERDUE, P.A.
          310 Craven Street
          P.O. Box 1654
          New Bern, NC 28560
          Tel: (888)630-0074

            -- and --

          John D. Leidy, Esq.
          HORNTHAL, RILEY, ELLIS & MALAND, LLP
          301 East Main Street
          Elizabeth City, NC 27909
          Tel: (252)335-0871
          Fax: (252)335-4223

          About Gunboat International

Gunboat International, Ltd., a provider of high performance,
luxury
catamarans headquartered in Wanchese, North Carolina, filed for
Chapter 11 bankruptcy protection (Bankr. E.D.N.C. Case No.
15-06271) on Nov. 18, 2015, estimating assets between $1 million
and $10 million and liabilities at between $10 million and $50
million.  The petition was signed by Peter Johnstone, president.

Judge David M. Warren presides over the case.

Laurie B. Biggs, Esq., and Trawick H Stubbs, Jr., Esq., at Stubbs
&
Perdue, PA, serves as the Company's bankruptcy counsel.


HILTZ WASTE: Hires Silverman Avila as Accountants
-------------------------------------------------
Hiltz Waste Disposal, Inc. seeks authorization from the U.S.
Bankruptcy Court for the District of Massachusetts to employ
Silverman, Avila & Gershaw, CPAs as accountants.

The Debtor requires Silverman Avila to:

   (a) advise the Debtor with respect to its schedules and
       statement of financial affairs;

   (b) prepare the Debtor's tax returns and such other tax-related

       filings as may be required during the course of this case;

   (c) prepare the Debtor's monthly operating reports for the
       United States Trustee;

   (d) assist the Debtor in forecasting and budgeting Debtor's
       operations as may be required during the course of this
       case, including assisting Debtor in its plan of
       reorganization and disclosure statement; and

   (e) perform other accounting services as may be required and in

       the interest of the Debtor and its chapter 11 bankruptcy
       estate.

Silverman Avila will be paid at these hourly rates:

       Peter Avila               $300
       Other Accountants         $150-$200
      
Silverman Avila will also be reimbursed for reasonable
out-of-pocket expenses incurred.

R. Peter Avila, owner of Silverman Avila, assured the Court that
the firm is a "disinterested person" as the term is defined in
Section 101(14) of the Bankruptcy Code and does not represent any
interest adverse to the Debtor and its estate.

Silverman Avila can be reached at:

       R. Peter Avila
       SILVERMAN, AVILA & GERSHAW CPAS
       100 Conifer Hill Drive, Unit 108
       Danvers, MA 01923
       Tel: (978) 767-4222

                   About Hiltz Waste Disposal, Inc.

Hiltz Waste Disposal, Inc. filed a chapter 11 petition (Bankr. D.
Mass. Case No. 16-13459) on Sept. 7, 2016. The petition was signed
by Deborah S. Hiltz, president. The Debtor is represented by Aaron
S. Todrin, Esq., at Sassoon & Cymrot, LLP. The case is assigned to
Judge Joan N. Feeny. At the time of the filing, the Debtor
estimated assets and liabilities at $1 million to $10 million.

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


HORSEHEAD HOLDING: Completes Restructuring, Exits Chapter 11
------------------------------------------------------------
Horsehead Holding LLC, together with certain of its subsidiaries on
Sept. 30, 2016, disclosed that it has emerged from chapter 11 as a
private company after successfully consummating its plan of
reorganization (the "Plan"), which was confirmed by the United
States Bankruptcy Court for the District of Delaware on Sept. 9,
2016.

Horsehead's Plan eliminates substantially all of the Company's
debt, converts approximately $205 million of senior secured debt
into equity in the reorganized Company and, among other things,
provides for the repayment of its debtor-in-possession credit
facility, provides for repayment, in full, of creditors at Zochem
Inc. ("Zochem"), its Canadian subsidiary, and provides for
distributions of cash, equity and warrants for its other
prepetition creditors, in each case, as set forth more fully in the
Plan.  Additionally, Horsehead's new equity owners have committed
to fund additional equity capital to support the repair and restart
of Horsehead's zinc production facility located in Mooresboro,
North Carolina, subject to certain terms and conditions, including
the approval of Horsehead's board of directors.  Under the Plan,
Horsehead also converted its corporate form from a Delaware
corporation to a Delaware limited liability company, and its name
was changed from "Horsehead Holding Corp." to "Horsehead Holding
LLC" ("Horsehead Holding").  The names and structures of
Horsehead's major operating subsidiaries: Horsehead Corporation;
Horsehead Metal Products, LLC; The International Metals Reclamation
Company, LLC ("INMETCO"); and Zochem remain unchanged.

James M. Hensler, Chief Executive Office of Horsehead, stated, "I'm
pleased to announce that our plan of reorganization, which was
confirmed by the U.S. Bankruptcy court on September 9, 2016, became
effective today and we have emerged from bankruptcy with a capital
structure free of long-term debt."

Mr. Hensler added: "With the bankruptcy process behind us, we can
now turn our full attention to our operations and strategic plans,
including finalizing the plans to repair and restart our
Mooresboro, North Carolina facility to provide high quality zinc to
the North American market."

Horsehead Holding is the parent company of Horsehead Corporation, a
leading U.S. producer of specialty zinc and zinc-based products and
a leading recycler of electric arc furnace dust; INMETCO, a leading
recycler of metals-bearing wastes and a leading processor of
nickel-cadmium (NiCd) batteries in North America; and Zochem, a
zinc oxide producer located in Brampton, Ontario.  Horsehead,
headquartered in Pittsburgh, Pa., employs approximately 700 people
and has seven facilities throughout the U.S. and Canada.

Lazard Middle Market LLC and RAS Management Advisors, LLC served as
investment bankers and financial advisors, respectively, to the
Company, and Kirkland & Ellis LLP, Aird & Berlis LLP, and Pachulski
Stang Ziehl & Jones LLP served as legal counsel to the Company.

Moelis & Company LLC served as financial advisor and investment
banker to the Plan Sponsors, and Akin Gump Strauss Hauer & Feld,
LLP, Ashby & Geddes, P.A., and Cassels Brock & Blackwell LLP served
as legal counsel to the Plan Sponsors.

                  About Horsehead Holding Corp.

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

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

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

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

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

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


IMH FINANCIAL: Extends SRE Loan Maturity Until December 22
----------------------------------------------------------
IMH Financial Corporation and SRE Monarch Lending, LLC have entered
into a Sixth Amendment to Loan Agreement extending the maturity
date of the Company's $5.0 million loan from SRE Monarch Lending
from Sept. 19, 2016, to Dec. 22, 2016.  The Company has agreed to
pay an extension fee $100,000 payable as follows: (i) $33,333.33 on
or before Oct. 24, 2016, (ii) $33,333.33 on or before Nov. 22,
2016; and (iii) $33,333.34 on or before Dec. 22, 2016.  SRE Monarch
Lending is a related party of Seth Singerman, one of the Company's
directors.

                      SRE Revolver Extension

On Sept. 23, 2016, a wholly-owned subsidiary of the Company, Buena
Yuma, LLC, and SRE Monarch Lending entered into a First Amendment
to Loan Agreement extending the maturity date of the Company's $4.0
million revolving line of credit facility from Sept. 23, 2016, to
Dec. 22, 2016.  The Company has agreed to pay an extension fee of
$190,000 payable as follows: (i) $46,666.66 on or before October
24, 2016, (ii) $46,666.67 on or before Nov. 22, 2016; (iii)
$46,666.67 on or before Dec. 22, 2016; and (iv) $50,000.00 upon the
earlier to occur of a) the sale of the mortgaged property or b)
March 31, 2017.

                       About IMH Financial

Scottsdale, Ariz.-based IMH Financial Corporation was formed from
the conversion of IMH Secured Loan Fund, LLC, or the Fund, a
Delaware limited liability company, on June 18, 2010.  The
conversion was effected following a consent solicitation process
pursuant to which approval was obtained from a majority of the
members of the Fund to effect the Conversion Transactions and
involved (i) the conversion of the Fund from a Delaware limited
liability company into a Delaware corporation named IMH Financial
Corporation, and (ii) the acquisition by the Company of all of the
outstanding shares of the manager of the Fund Investors Mortgage
Holdings Inc., or the Manager, as well as all of the outstanding
membership interests of a related entity, IMH Holdings LLC, or
Holdings on June 18, 2010.

IMH Financial reported a net loss attributable to common
shareholders of $18.90 million on $32.49 million of total revenue
for the year ended Dec. 31, 2015, compared to a net loss
attributable to common shareholders of $39.46 million on $31.4
million of total revenue for the year ended Dec. 31, 2014.

As of June 30, 2016, IMH Financial had $178 million in total
assets, $110 million in total liabilities, $30.86 million in
redeemable convertible preferred stock and $37.7 million in total
stockholders' equity.


IMPLANT SCIENCES: Needs More Time to File Form 10-K
---------------------------------------------------
Implant Sciences Corporation filed with the Securities and Exchange
Commission a Form 12b-25 notifying the delay in the filing of its
annual report on Form 10-K for the year ended
June 30, 2016.

The Company said it was unable, without unreasonable effort and
expense, to prepare its accounting records and schedules in
sufficient time to enable its independent registered public
accounting firm to complete its audit of the its financial
statements to be contained in Annual Report on Form 10-K for the
year ended June 30, 2016.  It is anticipated that the Form 10-K,
along with the audited financial statements, will be filed within
the fifteen-day extension period.  

                     About Implant Sciences

Implant Sciences Corporation (OBB: IMSC.OB) --
http://www.implantsciences.com/-- develops, manufactures and      
sells sensors and systems for the security, safety and defense
(SS&D) industries.

As of March 31, 2016, the Company had $15.6 million in total
assets, $100 million in total liabilities, and a total
stockholders' deficit of $84.6 million.

Marcum LLP, in Boston, Massachusetts, issued a "going concern"
qualification on the consolidated financial statements for the year
ended June 30, 2015, citing that as of Sept. 15, 2015, the
Company's principal obligation to its primary lenders was
approximately $65,046,000 and accrued interest of approximately
$15,393,000.  The Company is required to repay all borrowings and
accrued interest to these lenders on March 31, 2016.  These
conditions raise substantial doubt about its ability to continue as
a going concern.


INDUSTRIAL NOISE: Seeks to Hire Rosen Systems as Auctioneer
-----------------------------------------------------------
Industrial Noise Control Corp. seeks approval from the U.S.
Bankruptcy Court for the Northern District of Texas to hire an
auctioneer.

The Debtor proposes to hire Rosen Systems Inc. in connection with
the sale of its personal property located at 630 S. Jupiter Road,
Garland, Texas.

Rosen Systems will receive as compensation 15% of the sales price
of the property.

Michael Rosen, president of Rosen Systems, disclosed in a court
filing that the firm is a "disinterested person" as defined in
section 101(14) of the Bankruptcy Code.

The firm can be reached through:

     Michael D. Rosen
     Rosen Systems, Inc.
     2323 Langford St
     Dallas, TX 75208
     Phone: (972) 248-2266 and(800) 527-5134
     Fax: (972) 248-6887
     Email: info@rosensystems.com

                 About Industrial Noise Control

Industrial Noise Control Corp. sought protection under Chapter 11
of the Bankruptcy Code (Bankr. N. D. Texas Case No. 16-31399) on
April 4, 2016.  The petition was signed by Bill Badgett, president.


The case is assigned to Judge Stacey G. Jernigan.

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


INTERLEUKIN GENETICS: Extends Clematis Commercial Lease to 2019
---------------------------------------------------------------
Interleukin Genetics, Inc. entered into a Third Amendment to
Commercial Lease with Clematis LLC to amend the Commercial Lease,
dated Feb. 13, 2004, between the Company and the Lessor, as amended
on Nov. 18, 2008, and on Feb. 7, 2014.  The Third Amendment extends
the term of the lease from April 1, 2017, to March 31, 2019.  A
copy of the Third Amendment is available for free at goo.gl/BdpyOv

                        About Interleukin

Waltham, Mass.-based Interleukin Genetics, Inc., is a personalized
health company that develops unique genetic tests to provide
information to better manage health and specific health risks.

Interleukin reported a net loss of $7.89 million on $1.44 million
of total revenue for the year ended Dec. 31, 2015, compared to a
net loss of $6.33 million on $1.81 million of total revenue for the
year ended Dec. 31, 2014.

As of June 30, 2016, Interleukin had $2.65 million in total assets,
$8.27 million in total liabilities, and a total stockholders'
deficit of $5.62 million.

Grant Thornton 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 incurred
recurring losses from operations and has an accumulated deficit
that raise substantial doubt about the Company's ability to
continue as a going concern.


INTREPID POTASH: Sr. Notes Covenant Waiver Extended Until Oct. 31
-----------------------------------------------------------------
Intrepid Potash Inc. on Sept. 30, 2016, disclosed that is has
obtained an extension to its previous waiver of certain covenants
under its senior notes until Oct. 31, 2016.  The previous waiver
was to expire on Sept. 30, 2016.

"The extension of the waiver is intended to provide additional time
to complete definitive documentation for the revised note terms as
well as the terms of the previously announced alternative credit
facility," said Bob Jornayvaz, Intrepid's Executive Chairman,
President and CEO.  "These negotiations have been impacted by the
complexity of the numerous constituents involved and the evolving
nature of the current potash and langbeinite markets.  We continue
to negotiate for the benefit of all parties involved and remain
grateful to our note holders for their continued active engagement
in this process as we work towards a definitive resolution."

In connection with the waiver and amendment, on October 3, 2016,
Intrepid is required to pay the noteholders $15.8 million,
consisting of a $15 million principal payment and a $0.8 million
negotiated make-whole payment resulting from early retirement of
the notes.

In July, Intrepid announced that it received a commitment from a
third party lender for a new credit facility, subject to various
conditions, and that commitment remains in place.  Intrepid's
previous credit facility, which had a borrowing capacity of $1
million to be used only for letters of credit, expired in
accordance with its terms on September 30, 2016.

Intrepid can make no assurance that the definitive documentation
relating to the senior notes and new credit facility will be
entered into by October 31, 2016 or at all.

                         About Intrepid

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

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


JEANNIE KILE: Unsecureds to Be Paid in Full Plus 6% Interest
------------------------------------------------------------
Jeannie Lynn Kile filed with the U.S. Bankruptcy Court for the
Eastern District of Washington an Amended Disclosure Statement to
accompany her Amended Plan of Reorganization, which proposes to pay
general unsecured claims in full, plus a 6% interest per annum, to
be paid within 30 days of the Plan Effective Date.

The Debtor intends to implement funding of the Plan through, among
other things, (1) pursuit of an appeal of the adverse judgment
entered in Kendall v. Kile, Case No. 12-4-00521-6, in the Superior
Court of Spokane, Washington; (2) defense of the Dissolution Action
in In the Matter of Marriage of Jeannie Kile and Gordon Kendall;
(3) prosecution of counterclaims in the adversary proceeding
Kendall v Kile in the Bankruptcy Court for the District of
Washington; (4) sale of rental property at 5816 N. Lincoln,
Spokane, WA; (5) sale of farm equipment and vehicles; (6) annual
rent on farm machinery and equipment lease; and (7) money on hand.

In the event the Plan Fund balance drops below an amount necessary
to fund distribution of payment of certain claims, the Debtor will
immediately obtain a loan against the Farm Land.

A full-text copy of the Amended Disclosure Statement dated Sept. 6,
2016, is available at http://bankrupt.com/misc/waeb16-00643-78.pdf


As previously reported by The Troubled Company Reporter, the
Bankruptcy Court will convene a hearing on Dec. 7, at 2:30 p.m., to
consider confirmation of the Plan.

The Debtor is represented by:

     John D. Munding, Esq.
     Munding, P.S.
     1610 W. Riverside Ave.
     Spokane, WA 99201
     Tel: (509) 624-6464
     Email: John@mundinglaw.com


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.


JILL MARIE MEEUWSEN-HOLMES: Unsecureds To Recoup 100% Over 5 Yrs.
-----------------------------------------------------------------
Jill Marie Meeuwsen-Holmes filed with the U.S. Bankruptcy Court for
the Northern District of California a combined plan of
reorganization and disclosure statement dated Sept. 15, 2016.

Class 2(b) General Unsecured Claims, which total $36,363.56, will
received a total monthly payment of $606.22.  The creditors will
receive 100% of their allowed claim in 60 equal monthly
installments, due on the first day of the month, starting month
following the Effective Date of the Plan.  This class is impaired.

On the Effective Date, all property of the estate and interests of
the Debtor will vest in the reorganized Debtor free and clear of
all claims and interests except as provided in the Plan, subject to
revesting upon conversion to Chapter 7 liquidation.

The obligations to creditors that the Debtor undertakes in the
confirmed Plan replace those obligations to creditors that existed
prior to the Effective Date of the Plan.  The Debtor's obligations
under the confirmed Plan constitute binding contractual promises
that, if not satisfied through performance of the Plan, create a
basis for an action for breach of contract under California law.
To the extent a creditor retains a lien under the Plan, that
creditor retains all rights provided by such lien under applicable
non-Bankruptcy law.

The Combined Plan and Disclosure Statement is available at:

           http://bankrupt.com/misc/canb16-40868-37.pdf

Jill Marie Meeuwsen-Holmes filed for Chapter 11 bankruptcy
protection (Bankr. N.D. Cal. Case No. 16-40868) on March 31, 2016.

Scott J. Sagaria, Esq., at Law Offices of Scott J. Sagaria serves
as the Debtor's counsel.


JOHN Q. HAMMONS: Wants April 24 Plan Filing Period Extension
------------------------------------------------------------
John Q. Hammons Fall 2006, LLC and its affiliated Debtors ask the
U.S. Bankruptcy Court for the District of Kansas to extend their
exclusive periods to file and solicit acceptance of a plan, through
April 24, 2017 and June 22, 2017, respectively.

The Debtors' exclusive period to file a plan currently runs through
October 23, 2016, and their exclusive period to solicit acceptance
of a plan runs through December 22, 2016.

The Debtors relate that since the Commencement Date, the have
continued to pay their mortgagee secured debt according to the
pre-petition amortization schedules, obtained numerous Court orders
addressed to continuing their day to day business affairs including
those related to their use of cash, employee programs, insurance,
and critical vendors.  The Debtors further relate that they have
also responded to and commenced discovery with respect to the
motion filed by JD Holdings, L.L.C., also known as JDH,  seeking to
dismiss these cases or obtain relief from the automatic stay.

The Debtors contend that they filed a Motion for Entry of an Order
Authorizing Rejection of Sponsor Entity Right of First Refusal
Agreement, or the ROFR Motion, which JDH opposed and the Court has
begun the process of disposition.  The Debtors further contend that
the value available to the estates and the creditors in the cases
is contingent in large measure on the disposition of this
litigation.

The Debtors tell the Court that they are in the midst of their
appraisal process, are preparing the necessary tax related filings,
and have selected a financial advisor to assist the Debtors in
working toward one or more sale or restructuring transactions
prerequisite to the formulation of a feasible plan of
reorganization in the cases.  The Debtor further tells the Court
that while the appraisal process will provide specific valuations,
it is nevertheless clear that the Debtors possess substantial
assets that provide a reasonable prospect for successful
reorganization through a confirmable plan.

The Debtor notes that the Court has set a claims bar date for
December 23, 2016, at which time the parties with claims against
the Debtors must file their proofs of claim.  The Debtor says that
they will then have reliable debt figures to address in such a
plan.

The Debtors contend that the cases are large and complex and the
litigation in which the Debtors are involved is contentious and
time-consuming.  The Debtors further contend that they are seeking
the extension of their exclusive periods in order to enable them to
gather the information necessary to formulate a reasonable plan.

           About John Q. Hammons Fall 2006, LLC.

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

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

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

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

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



JORGE ALMARAZ: To Pay Unsecureds $5000 Pro-Rata Share in 12 Mos.
----------------------------------------------------------------
Jorge Almaraz and Leticia Amescua are married individuals who
received monthly rental income from an investment property located
at Arborwood Way, Las Vegas, Nevada 89142.  On Sept. 24, 2014, they
filed a voluntary petition, Case No. BK-S-14-16381, in the United
States Bankruptcy Court for the District of Nevada, pursuant to
Chapter 11 of the Bankruptcy Code, as they they were no longer
regularly generating enough income to maintain all creditor
payments and experienced a significant devaluation of the
Investment Property.

On Sept. 19, 2016, the Debtors filed a Disclosure Statement
describing their Plan of Reorganization.

Under the Debtor's Plan, the claim filed by Residential Credit
Solutions against the Debtor's Investment Property, classified as a
Class 1 Secured Claim valued at $120,000.00, will be paid starting
on the Plan Confirmation date at $608 per month, with interest of
4.5% per annum to be paid pursuant to a 360-month amortization
schedule.

Susan Hoog's Class 2 Secured Claim will continue to be paid
according to existing terms of an agreement executed on June 2016.

Class 3 consists of General Unsecured Claims and includes a portion
of the Class 1 Creditor's claim. All Class 3 Creditors having filed
proofs of claim by June 3, 2015 deemed to have filed proofs of
claim that are not disputed, contingent, unliquidated or otherwise
approved by order of the court, shall be paid their pro rata share
of $5000.00 which exceeds the Estate's estimated liquidated value.
No interest shall be paid to Class 3 creditors.  All payments will
be in cash or cash equivalent. Debtors will have up to 12 months to
pay Class 3 creditors from the Effective Date.

The Court will convene a hearing on November 22, 2016, at 9:30 a.m.
to consider the adequacy of the information contained in the
Disclosure Statement.

A full-text copy of the Disclosure Statement is available at:

        http://bankrupt.com/misc/nvb14-16381-100.pdf   
      
The Debtors are represented by:

     Michael J. Harker, Esq.
     2901 El Camino Ave #200
     Las Vegas, NV 89102
     Tel: (702) 248-3000
     Fax: (702) 425-7290
     E-mail: mharker@harkerlawfirm.com

Jorge Almaraz and Leticia Amescua filed three previous Chapter 13
bankruptcies, all of which were dismissed.  All bankruptcies were
filed in order to save two residencies. Ultimately, after the
failed Chapter 13 bankruptcies, the Debtors filed the current
bankruptcy case to reorganize their properties.



JOSE DOMINGUEZ: Unsecureds To Be Paid $690 on Quarterly Basis
-------------------------------------------------------------
Jose A. Dominguez filed with the U.S. Bankruptcy Court for the
District of Arizona a second amended disclosure statement dated
Sept. 21, 2016, in connection with the Debtor's first amended plan
of reorganization dated May 10, 2016.

Under the Plan, Class 10 Unsecured Deficiency Claims and Unsecured
Claims are impaired.  The Debtors estimated unsecured claims in the
amount of $16,742.91, which does not include any deficiency amounts
for secured creditors.

Allowed and approved claims under Class 10 will be paid the sum of
$690 on a quarterly basis, pro rata, from the Debtors' disposable
income, to be paid on the last day of each quarter, starting with
the quarter ending after the Effective Date and anticipated to be
Sept. 30, 2016, and continuing each quarter thereinafter for five
years.  Any liens held by the Class 10 creditors will be null and
void and removed as of the Effective Date.

The source of the funds will come from the Debtor's earned
post-petition income.

The Debtor reserves the right to accelerate payment under the Plan
from financing obtained from third-party financing, although
currently the Debtor has no plans or ability to do so.  The Debtor
believes that by virtue of Confirmation of the Plan, they will have
the ability to pay all allowed and approved claims pursuant to the
Plan.  The unsecured creditors will be paid a total of $13,800
under the Plan.

The Disclosure Statement is available at:

           http://bankrupt.com/misc/azb15-11701-158.pdf

The Plan was filed by the Debtor's counsel:

     Eric Slocum Sparks, Esq.
     LAW OFFICES OF ERIC SLOCUM SPARKS, P.C.
     110 South Church Avenue No. 2270
     Tucson, Arizona  85701
     Tel: (520) 623-8330
     Fax: (520) 623-9157

Jose A Dominguez filed for Chapter 11 bankruptcy protection (Bankr.
D. Ariz. Case No. 15-11701) on Sept. 14, 2015.


JOSEPH OLADOKUN: Disclosures Okayed; Plan Hearing on Nov. 9
-----------------------------------------------------------
The Hon. Brenda Moody Whinery of the U.S. Bankruptcy Court for the
District of Arizona has approved the third amended disclosure
statement filed by Joseph and Florence Oladokun referring to the
third amended Chapter 11 plan.

The hearing to consider the confirmation of the Plan will be held
on Nov. 9, 2016, at 10:45 a.m.

Ballots accepting or rejecting the plan must be received by the
plan proponent at least seven days prior to the hearing date set
for the confirmation of the Plan.  Objections to the confirmation
of the Plan is fixed at seven days prior to the hearing date set
for confirmation of the Plan.  The written report by the plan
proponent will be filed three days prior to the hearing date set
for confirmation of the Plan.

Joseph Oladokun filed for Chapter 11 bankruptcy protection (Bankr.
D. Ariz. Case No. 12-07178) on April 5, 2012.

The Debtor is represented by:

     Allan D. NewDelman, Esq.
     Roberta J. Sunkin, Esq.
     ALLAN D. NEWDELMAN, P.C.
     80 East Columbus Avenue
     Phoenix, Arizona 85012
     Tel: (602) 264-4550
     E-mail: anewdelman@adnlaw.net


JTS LLC: Court Awards JMJ Properties $14K Admin. Expense Claim
--------------------------------------------------------------
In the case captioned In re: JTS, LLC, Chapter 11, Debtor, Case No.
A15-00167-GS, Judge Gary Spraker of the United States Bankruptcy
Court for the District of Alaska awarded JMJ properties $14,838.65
as an administrative expense claim.

JMJ Properties initially sought more than $50,000 in damages from
the debtor, but in its post-hearing briefing reduced its claim to
$45,522.  The debtor argues that JMJ Properties is entitled to
recover roughly one-tenth of this amount, or $4,487.

JMJ Properties seeks to recover $45,522.13 from the debtor as an
administrative claim, arguing that this sum represents its costs to
clean up, and to repair damages at, the Eagle River and Wasilla
shops it leased to the debtor. To be entitled to an administrative
claim, JMJ Properties was required to prove that the components of
its claim were due to damages to the property or equipment between
December 8, 2015 and February 29, 2016, or on account of the
debtor's breach of the Stipulated Agreement pertaining to its
rejection of the two leases.

The debtor challenged the majority of JMJ Properties' charges.
Having thoroughly reviewed the evidence presented, the court finds
that JMJ Properties has failed to establish its entitlement to a
large portion of its claim by the preponderance of the evidence.
Its proof suffered from two major flaws, one being the generality
of statements and invoices submitted to establish its repair
charges, and the other being the lack of evidence as to the
necessity of the repairs. As to many elements of JMJ Properties'
claim, the court could not determine whether the repairs were on
account of damage to equipment that occurred within the
administrative expense window, constituted normal wear and tear, or
resulted from a desire to bring the properties back up to showroom
condition for its next tenant.

JMJ Properties Companies leased two properties to debtor JTS, LLC,
one in Eagle River and the other in Wasilla. After the debtor filed
its chapter 11 petition, it ultimately rejected the two leases with
JMJ Properties, and vacated the two locations. JMJ Properties
promptly filed its Motion for Allowance and Payment of
Administrative Claim for Damages and Failure to Clean and to
Receive Payment of Funds Held in Trust as Partial Payment.

The debtor opposes the Motion, arguing that representatives of JMJ
Properties interfered with its business operations, frustrating
clean up of the premises. It also contends that it was not
responsible for any of the damages claimed, or, alternatively, that
JMJ Properties has overstated its damages.

A full-text copy of the Memorandum dated September 20, 2016 is
available at https://is.gd/F7wzk9 from Leagle.com.

JTS, LLC, Debtor, is represented by David H. Bundy, Esq. -- David
H. Bundy, PC & Christopher V. Hoke, Esq. -- chris@hoke-law.com.

Office of the U.S. Trustee, U.S. Trustee, is represented by Thomas
A. Buford, III. Office of the United States Trustee.

                       About JTS

JTS, LLC, d/b/a Johnson's Tire Service, a privately held single
member LLC owned by Kelly Gaede, is one of the largest family
owned
and operated independent tire dealer and auto repair companies in
Alaska.  The company provides three main services: (i) new tires
(ii) tire change over (iii) automotive repair. With corporate
headquarters in Anchorage, JTS, LLC currently operates three
locations across the Anchorage Metro area, which services a
combined population of 400,000 in the communities of Anchorage,
Eagle River and Wasilla.  The Eagle River and Wasilla locations
were scheduled to close by Feb. 29, 2016.

JTS, LLC sought Chapter 11 protection (Bankr. D. Alaska Case No.
15-00167) in Anchorage, Alaska, on June 15, 2015.  JTS estimated
$10 million to $50 million in assets and debt.

The Debtor tapped David H. Bundy, Esq., at David H. Bundy, PC, in
Anchorage, as counsel.  The Debtor also engaged BDO, LLP as
accountants to prepare income tax returns; Newhouse & Vogler as
accountants to audit the Debtor's 2014 financial statement; and
Gary Petros, a real estate agent with Jack White Commercial to
list and sell the Debtor's property at 3300 Denali St, Anchorage.


LEAP FORWARD: Court Confirms Chapter 11 Plan of Liquidation
-----------------------------------------------------------
Judge Bruce T. Beesley of the U.S. Bankruptcy Court for the
District of Nevada confirmed Leap Forward Gaming, Inc.'s Second
Amended Chapter 11 Plan of Liquidation.  

The Court also approved the disclosure statement describing the
Plan.

The Confirmation Order will be effective upon the expiration of the
14-day stay following entry of the Confirmation Order.

As reported in the Aug. 10, 2016 edition of the TCR, Leap Forward
Gaming's Plan of Liquidation provides for the use of the
prepetition secured parties' cash collateral to fund employee
payroll and operating expenses until the sale of Debtor's assets
(primarily intellectual property and inventory) to IGT.  The
resulting $2,500,000 cash proceeds from the sale, plus any
remaining cash collateral, will be distributed to prepetition
secured parties.

                 About Leap Forward Gaming

Leap Forward Gaming, Inc. filed a chapter 11 petition (Bankr. D.
Nev. Case No. 16-50850) on July 8, 2016.  The petition was signed
by Darby Bryan, CFO/Controller.  The Debtors are represented by
Jeffrey L. Hartman, Esq., at Hartman & Hartman.  The case is
assigned to Judge Bruce T. Beesley.  The Debtor disclosed assets of
$2.46 million and debt of $26.0 million at the time of the filing.



LEWIS HEALTH: Exclusive Plan Filing Period Extended Until Dec. 26
-----------------------------------------------------------------
Judge Paul G. Hyman, Jr. of the U.S. Bankruptcy Court for the
Southern District of Florida extended the exclusive periods for
Lewis Health Institute, Inc. (a) to file a chapter 11 plan through
Dec. 26, 2016, and to obtain acceptances of any such filed plan
through Feb. 24, 2017.

The Troubled Company Reporter has reported earlier that the Debtor
asked the Court to extend its exclusive periods to file a chapter
11 plan and solicit acceptances to the plan, contending that the
Debtor is in the process of finalizing and determining the
treatment of its creditors through the chapter 11 plan.  The Debtor
submits that the Extension Motion is filed without the intent to
hinder or delay any payments due HCA Health Services of Florida,
Inc

                   About Lewis Health Institute, Inc.

Lewis Health Institute, Inc. filed a chapter 11 petition (Bankr.
S.D. Fla. Case No. 15-25980) on Sept. 3, 2015.  The petition was
signed by Yolanda V. Lewis, president.  The Debtor is represented
by Craig I. Kelley, Esq., at Kelley & Fulton, PL.  The Debtor
estimated assets at $0 to $50,000 and liabilities at $100,001 to
$500,000 at the time of the filing.

Judge Paul G. Hyman, Jr. presides over the case.


LIGHTNING BOLT LEASING: Plan Filing Period Extended to Oct. 25
--------------------------------------------------------------
Judge Jerry A. Funk of the U.S. Bankruptcy Court for the Middle
District of Florida extended Lightning Bolt Leasing, LLC's
exclusive period to file chapter 11 plans to October 25, 2016.

The Debtor previously sought the extension of its exclusive period
to file a chapter 11 plan to October 25, 2016, and its exclusive
period to solicit acceptances to the plan through December 24,
2016.  

The Debtor averred that it is in the midst of active negotiations
with creditors to develop a plan that is not only confirmable, but
that pays all creditors in full.

The Debtor contended that given that it has already reached
agreements to provide adequate protection payments with multiple
creditors, the Debtor is confident that, if given additional time,
it would be able to resolve the remaining issues to arrive at a
fair and confirmable plan.

            About Lightning Bolt Leasing, LLC.

Lightning Bolt Leasing, LLC, filed for Chapter 11 bankruptcy
protection (Bankr. M.D. Fla. Case No. 15-05173) on Nov. 25, 2015.
The petition was signed by David Lancaster, president.  Robert D.
Wilcox, Esq., at Wilcox Law Firm serves as the Debtor's bankruptcy
counsel.  The Debtor estimated assets and liabilities at $0 to
$50,000 at the time of the filing.



LINC USA GP: Wants Court to Extend Plan Exclusivity to Dec. 26
--------------------------------------------------------------
Linc USA GP and its subsidiaries ask the U.S. Bankruptcy Court for
the Southern District of Texas to extend its exclusive period to
file a Chapter 11 Plan to Dec. 26, 2016, and if plans are timely
filed, the period of time in which acceptances may be solicited
will be extended to Feb. 24, 2017.

The Debtors relate that they have devoted substantial amount of
time and effort to seeking relief which was necessary to facilitate
a successful administration of these cases, including obtaining the
Court's approval of postpetition financing. The Debtors have also
dedicated a substantial amount of time and effort to marketing and
selling substantially all of their oil and gas assets in the Gulf
Coast, State of Wyoming, and State of Alaska.

The Debtors have sought and have obtained Court approval to market
and sell their oil and gas assets leading the Debtors to conduct an
extensive marketing and qualified bidding process, which culminated
in an all-day auction.

Currently, the Debtors are working diligently to close the sale of
the Gulf Coast assets on September 14, 2016, and they are still
continuing to work diligently to close the sales of the Wyoming and
Alaska assets by the end of September.

The Debtors tell the Court that they are making progress towards
developing a chapter 11 plan as they have been working closely with
their Prepetition Lenders and the Official Committee of Unsecured
Creditors to negotiate the key terms of a consensual plan. Without
the ability of the Debtors to maintain the exclusive right to file
and obtain acceptances of their plan, another party may file a plan
solely to disturb the progress of the Debtors in attempting to
formulate and negotiate a plan that can appeal to a broad consensus
of creditors and will necessarily slow down these chapter 11 cases.


                    About Linc USA GP

Each of Linc USA GP, Linc Energy Finance (USA), Inc., Linc Energy
Operations, Inc., Linc Energy Resources, Inc., Linc Gulf Coast
Petroleum, Inc., Linc Energy Petroleum (Wyoming), Inc., Paen Insula
Holdings, LLC, Diasu Holdings, LLC, Diasu Oil & Gas Company, Inc.,
Linc Alaska Resources, LLC and Linc Energy Petroleum (Louisiana),
LLC filed a voluntary petition for relief under Chapter 11 of the
Bankruptcy Code (Bankr. S.D. Tex. Lead Case No. 16-32689) on May
29, 2016.

Linc USA GP and its subsidiaries operate an independent oil and gas
exploration and production business with a primary focus on
conventional onshore and shallow state water properties along the
Gulf Coast of Texas and properties in the Powder River Basin of
Wyoming.  The Debtors, through their majority owned subsidiary,
Renaissance Umiat, LLC (which is not a Debtor), also own oil and
gas properties in the Umiat field on Alaska's North Slope.  The
Debtors are ultimately owned by Linc Energy Ltd., an Australian
corporation established in the year 2000, shares of which were
listed on the Singapore Stock Exchange.  Linc Energy Ltd. entered
into voluntary administration in Australia on April 15, 2016.

The Debtors estimated assets in the range of $50 million to $100
million and debts of up to $500 million.  As of the Petition Date,
the Debtors estimate that they owed approximately $5.8 million to
their vendors.

Bracewell LLP serves as the Debtors' counsel.  Kurtzman Carson
Consultants LLC acts as the Debtors' notice, claims and balloting
agent.

Judge David R Jones presides over the cases.

The Office of the U.S. Trustee on June 17 appointed three creditors
of Linc USA GP and its affiliates to serve on the official
committee of unsecured creditors.  The Creditors' Committee has
tapped McKool Smith, P.C., as legal counsel.


LUCAS ENERGY: Amends 5M Shares Resale Prospectus With SEC
---------------------------------------------------------
Lucas Energy, Inc., filed with the Securities and Exchange
Commission an amendment no. 2 to its Form S-3 registration
statement relating to the resale at various times, by Discover
Growth Fund, of up to 5,000,000 shares of Common Stock, par value
$0.001 per share, consisting of:

     (i) 163,077 shares of Common Stock issuable upon conversion
         of the principal amount of a redeemable convertible
         subordinated debenture, with a face amount of $530,000
         and at a conversion price equal to $3.25 per share;

    (ii) 1,384,616 shares of Common Stock issuable upon exercise
         of a warrant to purchase shares of Common Stock at an
         exercise price equal to $3.25 per share; and

   (iii) 3,452,307 additional shares of Common Stock that the
         Company may issue, at the Company's sole discretion in
         lieu of cash, as conversion premiums or in payment of
         interest on such Debenture and First Warrant.

The Company amended the Registration Statement to delay its
effective date.

The Company issued the Debenture and First Warrant pursuant to a
securities purchase agreement dated April 6, 2016, by and between
us and the Selling Stockholder.

The Company will not receive any of the proceeds from the sale of
the Shares by the Selling Stockholder.  The Selling Stockholder may
sell its Shares on any stock exchange, market or trading facility
on which the Shares are traded or quoted, or in private
transactions.  These sales may be at fixed prices, at prevailing
market prices at the time of sale, at prices related to the
prevailing market price, at varying prices determined at the time
of sale, or at negotiated prices.

The Company has agreed to pay certain expenses in connection with
the registration of the Shares.

The Company's common stock is listed on the NYSE MKT under the
symbol "LEI".  On Sept. 28 , 2016, our common stock closed at $3.42
per share.

A full-text copy of the Form S-3/A is available for free at:

                       https://is.gd/3pBljk

                        About Lucas Energy

Based in Houston, Texas, Lucas Energy (NYSE MKT: LEI) --
http://www.lucasenergy.com/-- is a growth-oriented, independent
oil and gas company engaged in the development of crude oil,
natural gas and natural gas liquids in the Hunton formation in
Central Oklahoma in addition to the Austin Chalk and Eagle Ford
formations in South Texas.

Lucas Energy reported a net loss of $25.4 million for the year
ended March 31, 2016, compared to a net loss of $5.12 million for
the year ended March 31, 2015.

As of June 30, 2016, Lucas Energy had $14.73 million in total
assets, $12.91 million in total liabilities and $1.82 million in
total stockholders' equity.

Hein & Associates LLP, in Houston, Texas, issued a "going concern"
qualification on the consolidated financial statements for the year
ended March 31, 2016, citing that the Company has incurred
significant losses from operations and had a working capital
deficit of $9.6 million at March 31, 2015.  These factors raise
substantial doubt about the Company's ability to continue as a
going concern.


LUVU BRANDS: Reports Record Net Sales of $16.8M for Fiscal 2016
---------------------------------------------------------------
Luvu Brands, Inc. reported financial and operating results for its
fiscal year ended June 30, 2016.

Fiscal Year 2016 Highlights:

* Record net sales of $16.8 million, an 8% increase from the
   prior year

* Adjusted EBITDA of $408,000, a 114% increase from $191,000 in
   the prior year

* $4.2 million in gross profit, a 13% increase from the prior
   year

* $147,000 in income from operations, compared to a loss from
   operations of $70,000 in the prior year.

* A net loss of $312,000 compared to a net loss of $474,000 in
   the prior year.

"During fiscal 2016, we experienced strong growth in sales of our
manufactured products, including a 13% increase in Liberator
branded products and a 31% increase in Jaxx/Avana products," said
Luvu Brands President and CEO, Louis Friedman.  "Our focus in
fiscal 2017 is on improving our production efficiency and ramping
up production in order to keep pace with the continued strong
demand," added Mr. Friedman.
  
A full-text copy of the press release is available at:

                         goo.gl/oIIxk8

                       About Luvu Brands

Luvu Brands, Inc., formerly known as Liberator, Inc., is a
U.S.-based manufacturer that has built several brands in the
wellness, lifestyle and casual furniture and seating categories.
Its brands are headquartered in Atlanta in a 140,000 square foot
manufacturing facility.

Luvu Brands reported a net loss of $312,000 on $16.8 million of net
sales for the year ended June 30, 2016, compared to a net loss of
$474,000 on $15.6 million of net sales for the year ended June 30,
2015.

As of June 30, 2016, Luvu Brands had $3.75 million in total assets,
$6.27 million in total liabilities and a total stockholders'
deficit of $2.52 million.

Liggett & Webb, P.A., in Boynton Beach, Florida, issued a "going
concern" qualification on the consolidated financial statements for
the year ended June 30, 2016, citing that the Company has a net
loss of $312,000, a working capital deficiency of $2.4 million, and
an accumulated deficit of $9.2 million.  These factors raise
substantial doubt about the Company's ability to continue as a
going concern.


MART PETROLEUM 404: Hires Mark Roher as Counsel
-----------------------------------------------
Mart Petroleum 404, LLC seeks authorization from the U.S.
Bankruptcy Court for the Southern District of Florida to employ
Mark S. Roher of the law firm of Mark S. Roher, P.A. aka The Law
Office of Mark S. Roher, P.A. as counsel, nunc pro tunc to the
September 12, 2016 petition date.

The Debtor requires Mr. Roher to:

   (a) give advice to the Debtor with respect to its powers and
       duties as Debtor in possession and the continued management

       of its business operations;

   (b) advise the Debtor with respect to its responsibilities in
       complying with the U.S. Trustee's Operating Guidelines and
       Reporting Requirements and with the rules of the court;

   (c) prepare motions, pleadings, orders, applications, adversary

       proceedings, and other legal documents necessary in the
       administration of teh case;

   (d) protect the interest of the Debtor in all matters pending
       before this court; and

   (e) represent the Debtor in negotiation with its creditors in
       the preparation of a plan.

Royal Palm Gas Co LLC, a related entity of the Debtor, whose
managing member is Frank Gutta, also the Debtor's CEO, paid the
pre-petition retainer in the amount of $4,217 on behalf of the
Debtor.

Mr. Roher will be reimbursed for reasonable out-of-pocket expenses
incurred.

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

Mr. Roher can be reached at:

       Mark S. Roher, Esq.
       Mark S. Roher, P.A.
       5701 N. Pine Island Rd., Suite 301
       Fort Lauderdale, FL 33321
       Tel: (954) 353-2200
       Fax: (954) 724-5047
       E-mail: mroher@markroherlaw.com

Mart Petroleum 404, LLC, filed a Chapter 11 bankruptcy petition
(Bankr. S.D. Fla. Case No. 16-22564) on September 12, 2016,
disclosing under $1 million in both assets and liabilities.

The Debtor is represented by Mark S. Roher, Esq.


MINDEN AIR: Seeks to Hire Alan R. Smith as Legal Counsel
--------------------------------------------------------
Minden Air Corp. seeks approval from the U.S. Bankruptcy Court for
the District of Nevada to hire The Law Offices of Alan R. Smith as
its legal counsel.

The firm will provide these services in connection with the
Debtor's Chapter 11 case.

     (a) advise the Debtor regarding its powers and duties;

     (b) prepare and file a plan of reorganization and disclosure
         statement;

     (c) take necessary actions to protect the Debtor's estate,
         including the prosecution of actions on behalf of the
         Debtor; and

     (d) prepare legal papers.

Alan Smith, Esq., will be paid an hourly rate of $500 for his
services.  He will be assisted by paraprofessionals Peggy Turk and
Debra Gross who will be paid $250 per hour and $150 per hour,
respectively.

In a court filing, Mr. Smith disclosed that he does not hold or
represent any interest adverse to the Debtor's estate, and that he
is a "disinterested person" as defined in section 101(14) of the
Bankruptcy Code.

Mr. Smith's contact information is:

     Alan R Smith, Esq.
     The Law Offices of Alan R. Smith
     505 Ridge St
     Reno, NV 89501
     Tel: (775) 786-4579
     Fax: (775) 786-3066
     Email: mail@asmithlaw.com

                     About Minden Air Corp.

Minden Air Corp. sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. D. Nev. Case No. 16-51033) on August 18,
2016.  The petition was signed by Leonard K. Parker, president.  

The case is assigned to Judge Bruce T. Beesley.

At the time of the filing, the Debtor disclosed $5.07 million in
assets and $883,504 in liabilities.


MISSION NEW ENERGY: Incurs A$2.32 Million Net Loss in Fiscal 2016
-----------------------------------------------------------------
Mission New Energy reported a net loss of A$2.32 million on
A$41,960 of total revenue for the year ended June 30, 2016,
compared to profit of A$28.4 million on A$7.27 million of total
revenue for the year ended June 30, 2015.

As of June 30, 2016, the Company had A$6.17 million in total
assets, A$1.40 million in total liabilities, all current, and
A$4.76 million in net assets.

Management controls the capital of the Group in order to maintain
an appropriate debt to equity ratio, provide the shareholders with
adequate returns and ensure that the Group can fund its operations
and continue as a going concern.  Due to the stage that the
business is in, managements preferred approach is to fund the
business with equity, however where equity funding is not available
debt funding is considered.  Management reviews historic and
forecast cash flows on a regular basis in order to determine
funding needs.

The Group has no debt and capital includes ordinary share capital,
supported by financial assets.

A full-text copy of the Annual Report on Form 6-K is available for
free at goo.gl/ZQxvH5

                   About Mission NewEnergy

Based in Subiaco, Western Australia, Mission NewEnergy Limited is
a producer of biodiesel that integrates sustainable biodiesel
feedstock cultivation, biodiesel production and wholesale
biodiesel distribution focused on the government mandated markets
of the United States and Europe.

The Company is not operating its biodiesel refining segment.  The
refineries are being held in care and maintenance either awaiting
a return to positive operating conditions or the sale of assets.

The Company has materially diminished its Jatropha contract
farming operation and the company is now focused on divesting the
remaining Indian assets.  The Company intends to cease all Indian
operations.

"Although we incurred an operating profit for the year ended June
30, 2015 of A$28.3 million (2014: A$1.1 million loss), we have a
history of net losses and there is a substantial doubt about our
ability to continue as a going concern," the Company stated in its
annual report for the year ended June 30, 2015.


MISSISSIPPI REGIONAL CANCER: Needs Additional 30 Days to File Plan
------------------------------------------------------------------
North Central Mississippi Regional Cancer Center, Inc. asks the
U.S. Bankruptcy Court for the Southern District of Mississippi for
an additional 30 days within which to finalize, formulate and file
a Disclosure Statement and Plan of Reorganization.

The Debtor believes that Dr. Arnold Smith, a neurosurgeon at the
Debtor's facility, has had limited involvement or input into a
Disclosure Statement and Plan of Reorganization in its case. The
Debtor alleges its counsel and Dr. Smith has never met. The Debtor
further alleges that Dr. Smith is going to be released from the
State Mental Hospital shortly.

                     About North Central Mississippi
                       Regional Cancer Center, Inc.

Headquartered in Jackson, Mississippi, North Central Mississippi
Regional Cancer Center, Inc., filed for Chapter 11 bankruptcy
protection (Bankr. S.D. Miss. Case No. 16-00342) on Feb. 5, 2016,
estimating its assets at between $100,000 and $500,000 and its
liabilities at between $1 million and $10 million.  The petition
was signed by Jennifer Welch, director, vice president.

Judge Edward Ellington presides over the case.

Craig M. Geno, Esq., at the Law Offices of Craig M. Geno, PLLC,
serves as the Debtor's bankruptcy counsel.


MM SHOWS: Asks Court to Extend Plan Filing Period to Nov. 30
------------------------------------------------------------
MM Shows, LLC d/b/a Celebrity Sports asks the U.S. Bankruptcy Court
for the Southern District of Florida to extend its exclusive
periods to file a plan of reorganization and to solicit acceptances
to the plan, through November 30, 2016 and January 31, 2017,
respectively.

Absent an extension, the Debtor's exclusive Period to file a Plan
would have expired on September 30, 2016.  The Debtor's exclusive
period to solicit acceptances to the Plan is set to expire on
November 30, 2016.

The Debtor operated its business from its one location at 1825 N.
Pine Island Road, Plantation, FL 33322.  The Debtor occupied the
Premises pursuant to a commercial Shopping Center Lease Agreement,
with Gator Jacaranda, LTD.

The Debtor tells the Court that it determined that it was in the
best interest of the Debtor's business to reject this Lease with
Gator.  The Debtor further tells the Court that it has in fact
vacated the Premises, and surrendered possession of the Premises to
Gator on May 13, 2016.

The Debtor contends that it is currently negotiating with Gator on
the terms of a consensual Plan and that the negotiations are
ongoing.  The Debtor further contends that Gator has indicated that
it has no objection to the extension of the exclusive periods.
      
                 About MM SHOWS, LLC.

MM Shows, LLC, dba Celebrity Sports, was engaged in the retail sale
of novelty and collectable items, both sports and other related
items.  It operated its business from its one location at 1825 N.
Pine Island Road, Plantation, Florida 33322.

MM Shows filed for Chapter 11 bankruptcy protection (Bankr. M.D.
Fla. Case No. 16-12962) on March 1, 2016.  The petition was signed
by Mitch Adelstein, manager.  The Debtor is represented by Brian S.
Behar, Esq., at Behar, Gutt & Glazer, PA.  The Debtor estimated
assets at $0 to $50,000 and liabilities at $100,001 to $500,000 at
the time of the filing.



MOBIVITY HOLDINGS: Offers Holders to Exercise Warrants
------------------------------------------------------
Mobivity Holdings Corp. commenced an offer to the holders of its
outstanding common stock purchase warrants pursuant to which the
Company's warrant holders will be permitted to exercise their
warrants at a reduced exercise price for a limited time.  As of
Sept. 29, 2016, there are warrants outstanding that entitle their
holders to purchase 8,551,168 shares of the Company's common stock
at an exercise price of $1.20 per share.  The holders of all
warrants will be allowed to conduct cash-based exercises of their
warrants at an exercise price of $0.70 per share up through
Oct. 31, 2016.  

"We are undertaking this limited-time warrant exercise price
reduction in order to raise additional capital without incurring
further potential dilution to our stockholders.  In addition, we
hope that enough warrant holders accept the offer that we can
significantly reduce the number of outstanding warrants and thereby
simplify our capital structure," the Company said.

Any exercise of warrants on or prior to Oct. 31, 2016, will be made
on the terms and conditions set forth in the outstanding warrant,
except for the reduced exercise price.  All other terms and
conditions of the warrants stay the same.  

"Our warrant holders are under no obligation to exercise any
warrants at the reduced exercise price or otherwise.  If our
warrant holders decide not to exercise their warrants at the
reduced exercise price, then following the expiration of the offer,
their warrants will remain exercisable according to their terms at
the exercise price set forth in the warrant."

                      About Mobivity Holdings

Mobivity Holdings Corp. was incorporated as Ares Ventures
Corporation in Nevada in 2008.  On Nov. 2, 2010, the Company
acquired CommerceTel, Inc., which was wholly-owned by CommerceTel
Canada Corporation, in a reverse merger.  Pursuant to the Merger,
all of the issued and outstanding shares of CommerceTel, Inc.,
common stock were converted, at an exchange ratio of 0.7268-for-1,
into an aggregate of 10,000,000 shares of the Company's common
stock, and CommerceTel, Inc., became a wholly owned subsidiary of
the Company.  In connection with the Merger, the Company changed
its corporate name to CommerceTel Corporation on Oct. 5, 2010.
In connection with the Company's acquisition of assets from
Mobivity, LLC, the Company changed its corporate name to Mobivity
Holdings Corp. and its operating company to Mobivity, Inc, on
Aug. 23, 2012.

Mobivity reported a net loss of $6.13 million on $4.61 million of
revenues for the year ended Dec. 31, 2015, compared to a net loss
of $10.44 million on $4 million of revenues for the year ended Dec.
31, 2014.

As of June 30, 2016, Mobivity had $8.78 million in total assets,
$2.84 million in total liabilities and $5.93 million in total
stockholders' equity.


MOHEGAN TRIBAL: Moody's Rates $500MM Sr. Unsec. Notes 'B3'
----------------------------------------------------------
Moody's Investors Service assigned a B3 rating to Mohegan Tribal
Gaming Authority's (MTGA) proposed $500 million senior unsecured
notes due 2023. MTGA plans to use the combined proceeds from its
proposed $1.4 billion credit facilities and $500 million senior
unsecured notes to refinance its existing credit facilities and
fund the tender offer that is currently outstanding for its 9 ¾%
senior unsecured notes and $100 million 11% senior subordinated
(unrated) notes.

MTGA's B3 Corporate Family Rating and B3-PD Probability of Default
Rating remain on review for upgrade. Moody's expects to upgrade
MTGA's CFR and PDR one notch to B2 and B2-PD, respectively if/when
the proposed refinancing transaction closes as it will eliminate
Moody's concerns regarding MTGA's substantial near-term debt
maturities, a key limiting factor with respect to the company
achieving a higher rating. The B3 rating assigned to MTGA's
proposed senior unsecured notes and B1 assigned to the company's
proposed $1.4 billion credit facilities on September 20 assume both
transactions close as planned and the CFR upgrade to B2 occurs once
that happens.

"The B3 assigned to the unsecured notes considers the significant
amount of senior secured debt that will be ahead of it in the
company's pro forma capital structure," stated Keith Foley, a
Senior Vice President at Moody's.

New Rating Assigned:

   -- $500 million senior unsecured rating due 2023, at B3 (LGD5)

Ratings that remain on review for upgrade:

   -- Corporate Family Rating -- B3

   -- Probability of Default Rating -- B3-PD

RATINGS RATIONALE

The review for upgrade considers Moody's view that MTGA's ability
to refinance its debt maturities in a manner that pushes out debt
maturities several years and lowers the company's overall cost of
debt capital will significantly improve the company's ability to
deal with the substantial increase in direct competition coming its
way. On a pro forma basis, MTGA's earliest debt maturity will be
five years from now, with a majority of the company's debt maturing
two years after that. Currently, more than half of MTGA's $1.8
billion in outstanding debt matures in June 2018, only a few months
before MGM Resorts International's $800 million MGM Springfield
casino is due to open in Springfield, Massachusetts, which is just
85 miles away from the Mohegan Sun casino in Uncasville, CT.

MTGA owns and operates Mohegan Sun, a gaming and entertainment
complex near Uncasville, Connecticut, and Mohegan Sun at Pocono
Downs, a gaming and entertainment facility offering slot machines
and harness racing in Plains Township, Pennsylvania. MTGA generated
net revenue of about $1.4 billion for the latest 12-month period
ended June 30, 2016.

The principal methodology used in this rating was Global Gaming
Industry published in June 2014.



MONAKER GROUP: Omar Jimenez Appointed Treasurer and Secretary
-------------------------------------------------------------
Omar Jimenez, the chief financial officer and chief operating
officer of Monaker Group, Inc., was appointed by the Board of
Directors of the Company to the additional positions of treasurer
and secretary of the Company, as disclosed in a Form 8-K report
filed with the Securities and Exchange Commission.

                     About Monaker Group

Monaker Group, Inc., formerly known as Next 1 Interactive, Inc., is
a digital media marketing company focusing on lifestyle enrichment
for consumers in the travel, home and employment sectors.  Core to
its marketing services are key elements including proprietary
video-centered technology and established partnerships that enhance
its reach.  Video is quickly becoming consumer's preferred method
of searching and educating themselves prior to purchases.
Monaker's video creation technology and film libraries combine to
create lifestyle video offerings that can be shared both to its
customers and through trusted distribution systems of its major
partners.  The end result is better engagement with consumers who
gain in-depth information on related products and services helping
to both inform and fulfill purchases.  Unlike traditional marketing
companies that simply charge for advertising creation, Monaker
holds licenses and/or expertise in the travel, real estate and
employment sectors allowing it to capture fees at the point of
purchase while the majority of transactions are handled by
Monaker's partners.  This should allow the company to capture
greater revenues while eliminating much of the typical overhead
associated with fulfillment.  Monaker core holdings include
Maupintour, NameYourFee.com, RealBiz Media Group - helping it to
deliver marketing solutions to consumers at home, work and play.

Monaker Group reported a net loss of $4.55 million on $544,658 of
total revenues for the year ended Feb. 29, 2016, compared to a net
loss of $2.98 million on $1.09 million of total revenues for the
year ended Feb. 28, 2015.

As of May 31, 2016, the Company had $2.36 million in total assets,
$3.05 million in total liabilities and total stockholders' deficit
of $693,669.

LBB & Associates Ltd., LLP, in Houston, Texas, in its report on the
consolidated financial statements for the year ended Feb. 29, 2016,
raised substantial doubt about the Company's ability to continue as
a going concern.


NJOY INC: U.S. Trustee Forms 3-Member Committee
-----------------------------------------------
Andrew Vara, acting U.S. trustee for Region 3, on Sept. 28
appointed three creditors of NJOY, Inc., to serve on the official
committee of unsecured creditors.

The committee members are:

     (1) Caesars Entertainment Operating Co.
         Caesars Entertainment Resort Properties LLC
         Attn: Jason Gastwirth
         One Caesar Palace Drive
         Las Vegas, Nevada 89109
         Phone: 702-407-6002
         Fax: 702-407-6237

     (2) Joshua Rabinowitz
         2 Greenholm Street
         Princeton, NJ 08540
         Phone: 650-906-3857

     (3) The H. T. Hackney Co.
         Attn: Tim Rowe
         502 S. Gay Street
         Knoxville, TN 37902
         Phone: 865-546-1291

Official creditors' committees have the right to employ legal and
accounting professionals and financial advisors, at a debtor's
expense. They may investigate the debtor's business and financial
affairs. Importantly, official committees serve as fiduciaries to
the general population of creditors they represent.

               About 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.

NJOY filed a voluntary petition under Chapter 11 of the Bankruptcy
Code (Bankr. D. Del. Case No. 16-12076) on Sept. 16, 2016.  The
case is assigned to Hon. Christopher S. Sontchi.

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.


NOVABAY PHARMACEUTICALS: Agrees to Pay China Kington 6% Commission
------------------------------------------------------------------
As consideration for its facilitation of the immediate exercise of
certain warrants held by non-U.S. citizens domiciled outside of the
United States and issued pursuant to the securities purchase
agreements dated March 3, 2015, May 18, 2015 and April 4, 2016, for
an aggregate 3,093,512 shares of NovaBay Pharmaceuticals, Inc.
common stock, the Company agreed to pay China Kington Asset
Management Co. Ltd. a six percent commission on the aggregate
proceeds to the Company pursuant to those exercises.  The aggregate
amount of that commission is expected to be approximately
$361,689.

To facilitate the immediate exercise of warrants issued pursuant to
that certain securities purchase agreement dated May 18, 2015, the
Company has agreed to reduce the exercise price of all those
warrants from $19.50 per share to an amount equal to a discount of
16% to the closing price of the Company's common stock on
Sept. 27, 2016, effective Sept. 29, 2016.

                 About NovaBay Pharmaceuticals

NovaBay Pharmaceuticals is a biopharmaceutical company focusing on
the commercialization of prescription Avenova lid and lash hygiene
for the domestic eye care market.  Avenova is formulated with
Neutrox which is cleared by the U.S. Food and Drug Administration
(FDA) as a 510(k) medical device.  Neutrox is NovaBay's proprietary
pure hypochlorous acid.  Laboratory tests show that hypochlorous
acid has potent antimicrobial activity in solution yet is non-toxic
to mammalian cells and it also neutralizes bacterial toxins.
Avenova is marketed to optometrists and ophthalmologists throughout
the U.S. by NovaBay's direct medical salesforce.  It is accessible
from more than 90% of retail pharmacies in the U.S. through
agreements with McKesson Corporation, Cardinal Health and
AmeriSource Bergen.

NovaBay reported a net loss of $18.97 million in 2015, a net loss
of $15.19 million in 2014 and a net loss of $16.04 million in
2013.

As of June 30, 2016, NovaBay had $7 million in total assets, $9.47
million in total liabilities and a total stockholders' deficit of
$2.46 million.

OUM & Co. LLP in San Francisco, California, audited the
consolidated balance sheets of NovaBay Pharmaceuticals, Inc. as of
December 31, 2015 and 2014 and the related consolidated statements
of operations and comprehensive loss, stockholders' equity, and
cash flows for each of the three years in the period ended December
31, 2015.  The firm noted that the Company has suffered recurring
losses and negative cash flows from operations and has a
stockholders' deficit, all of which raise substantial doubt about
its ability to continue as a going concern.


NUVERRA ENVIRONMENTAL: Reinstates Annual Salary of CEO to $700K
---------------------------------------------------------------
Nuverra Environmental Solutions, Inc., entered into an amendment to
that certain Term Loan Credit Agreement, dated April 15, 2016, by
and among Wilmington Savings Fund Society, FSB, as administrative
agent, the lenders identified therein, and the Company, as
borrower.  The Term Loan Amendment amends the Term Loan Agreement
to permit the Company to reinstate the annual salary of Mark D.
Johnsrud, the Company's chief executive officer.

The Board of Directors of the Company reinstated Mr. Johnsrud's
annual base salary to $700,000 effective Sept. 26, 2016.  Mr.
Johnsrud previously agreed to a voluntary reduction in his annual
base salary from $700,000 to $1.00 pursuant to that certain First
Amendment to Executive Employment Agreement, dated Jan. 25, 2016,
between the Company and Mr. Johnsrud.  Under the First Amendment to
Executive Employment Agreement, the reduction in Mr. Johnsrud's
annual base salary was voluntary and could be increased to an
amount not exceeding his prior annual salary of $700,000 at any
time by the Company or by Mr. Johnsrud.

                        About Nuverra

Nuverra Environmental Solutions, Inc., a Delaware Corporation,
together with its subsidiaries is an environmental solutions
company providing full-cycle environmental solutions to its
customers in energy and industrial end-markets.  The Company's
focus is on the delivery, collection, treatment, recycling, and
disposal of water, wastewater, waste fluids, hydrocarbons, and
restricted solids that are part of the drilling, completion, and
ongoing production of shale oil and natural gas.

As of June 30, 2016, Nuverra had $422 million in total assets, $497
million in total liabilities and a total shareholders' deficit of
$75.05 million.

Nuverra reported a net loss attributable to common stockholders of
$195 million in 2015, a net loss attributable to common
stockholders of $516 million in 2014 and a net loss attributable to
common stockholders of $232 million in 2013.

KPMG LLP, in Phoenix, Arizona, 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 limited cash resources, which raise
substantial doubt about its ability to continue as a going concern.


OLLIE WILLIAM FAISON: Court Denies Confirmation of 3rd Amended Plan
-------------------------------------------------------------------
Judge Stephani W. Humrickhouse of the United States Bankruptcy
Court for the Eastern District of North Carolina, Raleigh Division,
denied confirmation of Ollie William Faison's Third Amended Plan of
Reorganization and denied without prejudice SummitBridge National
Investment III, LLC's motion for relief from stay.

Secured creditor SummitBridge has objected to confirmation of the
Plan, and filed the motion for relief from the automatic stay.

The Debtor contends that the Third Plan addresses and should
alleviate SummitBridge's predominant concerns in that it
incorporates a higher interest rate, provides for an initial
payment of $100,000 to SummitBridge, and demonstrates the debtor's
commitment to meeting sales projections and generally enhancing the
marketability of the proposed development by designating two lots
intended to be used in whole or in part as amenities.  Wells Fargo
accepted the Third Plan.

The court determines that the debtor has not satisfied either
Section 1129(a)(3) or Section 1129(a)(11) of the Bankruptcy Code
and thus confirmation of the Third Plan must be denied. The court
believes, however, that a reorganization of the debtor is
possible.

The bankruptcy case is IN RE: OLLIE WILLIAM FAISON, Debtor, Case
No. 14-00073-5-SWH (Bankr. E.D.N.C.).

A full-text copy of the Order dated September 2, 2016 is available
at https://is.gd/WUH8kc from Leagle.com.

Ollie William Faison, Debtor, is represented by John A. Northen,
Esq. -- jan@nbfirm.com -- Northen Blue, LLP & Vicki L. Parrott,
Esq. -- vlp@nbfirm.com -- Northen Blue, LLP.


ORACLE PROJECT I: Disclosures Okayed; Plan Hearing on Nov. 15
-------------------------------------------------------------
The Hon. Scott H. Gan of the U.S. Bankruptcy Court for the District
of Arizona has entered an amended order approving Oracle Project I,
LLC's first amended disclosure statement.

The hearing to consider the confirmation for the Debtor's First
Amended Plan will be held on Nov. 15, 2016, at 1:30 p.m.

The last day for filing written acceptance or rejection of the  
First Amended Plan is fixed at five business days prior to the
hearing date set for the confirmation of the Plan.

The deadline for the filing of objections to the plan confirmation
is at five business days prior to the Confirmation Hearing.

The written report by the proponent must be filed three business
days prior to the Confirmation Hearing.

                      About Oracle Project I

Oracle Project I, LLC's most significant asset is what is commonly
known as the historic "3C Ranch" in Oracle, Arizona.  The property
is specifically located at 36033 South Mount Lemmon Road, Oracle,
Arizona 85623.  Additionally, Oracle owns four small vacant
parcels.  Oracle's members are Darimont Ranch, LLC (75%) and
Turnkey Opportunity, LLC (25%).

Oracle Project I, LLC, filed a Chapter 11 petition (Bankr. D. Ariz.
Case No. 15-08330) on July 2, 2015.

The Debtor is represented by Jeffrey M. Neff, Esq., and Amanda C.
Fife, Esq., at Neff & Boyer, P.C.


ORANGE PARK: Disclosures OK'd; Evidentiary Plan Hearing on Jan. 11
------------------------------------------------------------------
The Hon. Paul M. Glenn of the U.S. Bankruptcy Court for the Middle
District of Florida has approved Orange Park Trust Services, LLC's
disclosure statement dated July 17, 2015.

The addendum filed on Aug. 17, 2016, has also been approved.

An evidentiary confirmation hearing will be held on Jan. 11, 2017,
at 9:45 a.m.  Objections to the plan confirmation will be filed and
served seven days before the evidentiary confirmation hearing.

Dec. 28, 2016, is fixed as the last day for filing acceptances or
rejections of the Plan.

Orange Park Trust Services, LLC, filed for Chapter 11 bankruptcy
protection (Bankr. M.D. Fla. Case No. 15-02298) on May 20, 2015.


PACIFIC EXPLORATION: Judge Approves Plan to Wipe $5-Bil. Debt
-------------------------------------------------------------
Tom Corrigan, writing for The Wall Street Journal, reported that
Pacific Exploration & Production Corp.'s plan to wipe some $5
billion in debt from its books cleared a final hurdle, putting the
company on track to emerge from bankruptcy within two weeks.

According to the report, following a hearing in Manhattan, U.S.
Bankruptcy Court Judge James Garrity Jr. said he would sign off on
a global restructuring plan, which has already won approval in
courts in both Canada and Colombia.  Much of the company's mountain
of debt, however, is held in the U.S., the report noted.

Judge Garrity, who is overseeing Pacific's U.S. bankruptcy
proceeding, had already agreed to formally recognize the Canadian
court as Pacific's primary restructuring venue, but he had asked
lawyers for the company to return to his courtroom to present the
final version of the plan before he would agree to discharge any
debt, the report related.

The restructuring plan, which the company says is one of the
largest and most complicated restructurings ever attempted in Latin
America, wipes out $5.3 billion, the report further related, citing
court papers showed.  Pacific, which is continuing normal
operations during the bankruptcy, said the strategy not only aims
to cut debt but will also save it $253 million in annual interest
expenses, the report added.

              About Pacific Exploration & Production

Pacific Exploration & Production Corp. is a Canadian public
company
and a leading explorer and producer of natural gas and crude oil,
with operations focused in Latin America.  The Company has a
diversified portfolio of assets with interests in more than 70
exploration and production blocks in various countries including
Colombia, Peru, Guatemala, Brazil, Guyana and Belize.  The
Company's strategy is focused on sustainable growth in production
&
reserves and cash generation.   

In April 19, 2016 and April 20, 2016, the Company announced its
entry into an agreement with: (i) The Catalyst Capital Group Inc.,
(ii) certain members of an ad hoc committee of holders of the
Company's senior unsecured notes, and (iii) certain of the
Company's lenders under its credit facilities, to effect a
comprehensive financial restructuring (the "Restructuring
Transaction") that will significantly reduce debt, improve
liquidity, and best position the Company to navigate the current
oil price environment.  The restructuring will be implemented by
way of a plan of arrangement pursuant to a court-supervised
process
in Canada, together with appropriate proceedings in Colombia under
Law 1116 and in the United States.

On April 27, 2016, Pacific Exploration, et al., applied for and
received an order for protection pursuant to the Companies
Creditors Arrangement Act ("CCAA"), R.S.C.1985, c.C-36 from the
Ontario Superior Court of Justice Commercial List and
PricewaterhouseCoopers Inc. was appointed as monitor of the
Applicants (the "Monitor").

The Applicants filed recognition proceedings pursuant to Chapter
15
of title 11 of the United States Bankruptcy Code (the "U.S.
Proceedings") and pursuant to Law 1116 of 2006 of the Republic of
Colombia (the "Colombian Proceedings").  Pacific, et al., each
filed a Chapter 15 bankruptcy petition (Bank. S.D.N.Y. Case Nos.
16-11189 to 16-11211) in New York, in the U.S. on April 29, 2016.

The Company is being advised by Lazard Freres & Co. LLC, Norton
Rose Fulbright Canada LLP (Canada), Proskauer Rose LLP (U.S.),
Zolfo Cooper (U.S.), Garrigues (Colombia) and Kingsdale
Shareholder
Services (Canada).  The Independent Committee is being advised by
Osler, Hoskin & Harcourt LLP and UBS Securities Canada Inc.  The
Noteholders forming part of the funding creditors are being
advised
by Evercore Group L.L.C. (U.S.), Goodmans LLP (Canada), Paul,
Weiss, Rifkind, Wharton & Garrison LLP (U.S.) and Cardenas y
Cardenas Abogados (Colombia).  FTI Consulting (U.S.), Davis Polk &
Wardwell LLP (U.S.), Torys LLP (Canada) and Gomez-Pinzon Zuleta
Abogados (Colombia) are counsel to the agent on the revolving
credit facility of the Company, and Seward & Kissel is counsel to
the agent on the HSBC Bank, USA, N.A. term loan of the Company.
Catalyst is being advised by Brown Rudnick LLP (U.S.), McMillan
LLP
(Canada) and GMP Securities L.P.


PELICAN REAL ESTATE: Wants to File Plan of Reorganization by Dec. 5
-------------------------------------------------------------------
Pelican Real Estate, LLC and its affiliated debtors seek an
extension from the U.S. Bankruptcy Court for the Middle District of
Florida of their exclusive periods for filing a plan of
reorganization, through and including, Dec. 5, 2016, and to solicit
acceptances and seek confirmation of such plan through and
including the date of any hearing to consider confirmation of the
Debtors' plan.

The Debtors relate that the US Trustee has appointed Maria Yip on
Aug. 24, 2016 to serve as examiner in the Debtors' cases pursuant
to the Court's order approving the appointment of an examiner.  The
Debtors further relate that pursuant to the Court's Order, the
Examiner is charged with determining, among other things, whether
substantive consolidation is appropriate in these cases, and she is
required to provide written report supporting such determination on
or before Oct. 23, 2016.

The Debtors tell that the Examiner's determination regarding
substantive consolidation will greatly impact the Debtors' plan of
reorganization and the allocation of assets among each of the
Debtors' respective creditors. Accordingly, the Debtors believe
that it is in the best interest of their estates and all interested
parties to allow the Debtors to retain exclusivity, giving the
Debtors' adequate time to prepare a plan that conforms with the
Examiner's Report.

                      About Pelican Real Estate

Pelican Real Estate, LLC and its eight affiliates sought protection
under Chapter 11 of the Bankruptcy Code (Bankr. M.D. Fla. Lead Case
No. 16-03817) on June 8, 2016.  The petition was signed by Jared
Crapson, president of SMFG, Inc., manager of Pelican Management
Company, LLC.  

The Debtors are represented by Elizabeth A. Green, Esq., at Baker &
Hostetler LLP.

At the time of the filing, Pelican Real Estate listed under $50,000
in both assets and debts.

On August 24, 2016, the Office of the U.S. Trustee appointed Maria
M. Yip as the examiner. The Court approved the appointment on
August 25.


PERFORMANCE SPORTS: 251091708 Delaware Reports 13.2% Equity Stake
-----------------------------------------------------------------
In an amended Schedule 13D filed with the Securities and Exchange
Commission, 251091708 Delaware LP, et al., disclosed that as of
Sept. 26, 2016, they beneficially own 6,026,860 common shares, no
par value, of Performance Sports Group Ltd., representing 13.23%
based on 45,566,680 Common Shares outstanding as of April 13, 2016,
as reported in the Company's Quarterly Report on Form 10-Q, filed
with the Securities and Exchange Commission on April 14, 2016.  A
full-text copy of the regulatory filing is available for free at
goo.gl/q9ImS4

                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: Unsecureds to Be Paid in Full Plus 5% Interest
------------------------------------------------------------
Perseon Corporation, doing business as BSD Medical Corporation,
filed with the U.S. Bankruptcy Court for the District of Utah a
Disclosure Statement and Plan of Reorganization, which proposes a
100% recovery for priority claims and general unsecured claims,
plus 5% interest from Petition Date through Effective Date.

Class 1 Priority Claims are estimated to aggregate $73,500.

Class 2 General Unsecured Claims are estimated to aggregate
$2,462,725.

All amounts necessary for the Debtor to make payments under the
Plan will be obtained from, among other things, the Cash raised or
held by the Debtor.

A full-text copy of the Disclosure Statement dated Sept. 16, 2016,
along with other Plan documents, is available at:

           http://bankrupt.com/misc/utb16-24435-211.pdf

The Bankruptcy Court has scheduled the hearing to consider
confirmation of the Plan for Dec. 20, 2016, at 11:00 a.m.,
prevailing Mountain Time, in Salt Lake City, Utah.

                         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.

In February 2015, the Debtor changed its name to Perseon
Corporation.

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.

No trustee, examiner, or official committee of unsecured creditors
has been appointed in this case.


PETROQUEST ENERGY: Moody's Affirms Caa3 Corporate Family Rating
---------------------------------------------------------------
Moody's Investors Service revised PetroQuest Energy, Inc's
Probability of Default Rating (PDR) to Caa3-PD/LD from Caa3-PD.
Moody's also affirmed PetroQuest's Corporate Family Rating (CFR) at
Caa3, its unsecured notes rating at Ca, and the SGL-4 Speculative
Grade Liquidity Rating. The ratings outlook remains negative.

The appending of the PDR with an "/LD" designation indicates
limited default, following the closing of the company's exchange
offer of $130.5 million of its unsecured notes ($22.7 million
remaining outstanding) and $113 million of its second lien senior
secured notes ($14.2 million remaining outstanding) for $243.5
million of newly issued second lien senior secured PIK notes due
2021. Moody's views this debt exchange as a distressed exchange,
which is a default under Moody's definition of default. Moody's
said, “We will remove the "/LD" designation after three business
days.”

Issuer: PetroQuest Energy, Inc

   -- Probability of Default Rating, Affirmed at Caa3-PD/LD (/LD
      appended)

   -- Corporate Family Rating, Affirmed at Caa3

   -- Senior unsecured Notes due 2017, Affirmed at Ca, to (LGD6)
      from (LGD5)

   -- Speculative Grade Liquidity Rating, Affirmed at SGL-4

   -- Outlook, Negative

RATINGS RATIONALE

PetroQuest's Caa3 CFR reflects the anticipation of weak liquidity
and deteriorating credit metrics through 2017 due to the weak
commodity price environment. The rating is also constrained by the
company's modest scale and geographic concentration risks, with one
well in the Gulf Coast Basin expected to contribute
disproportionately to production and cash flows. Moody's said,
“Reserves and production growth are likely to remain muted
(although capex requirements to maintain production are very low),
and with little meaningful hedges remaining, we do not expect the
company to generate meaningful positive operating cash flow.”

After closing of the exchange, PetroQuest will be left with
approximately $258 million of second lien debt (between its
existing notes and new PIK notes) due 2021 and $23 million of
unsecured notes due September 2017. PetroQuest received a
commitment letter from Franklin Custodian funds for a new $50
million multi-draw term loan facility to replace the revolving
credit facility, that can be used to address the remaining notes
due 2017 and extend the overall maturity of its debt portfolio.
Prior revolving credit facility commitments, along with the
borrowing base were reduced to zero. While the exchange reduces the
2017 maturity burden considerably and the PIK interest feature of
the new second lien notes lowers cash interest expense in 2017, the
unfavorable industry environment could still lead to liquidity
stress.

The SGL-4 rating reflects weak liquidity through 2017. As of June
30, 2016, the company had approximately $69 million of balance
sheet cash and an undrawn $22.5 million first lien secured
revolver. In an August 2016 amendment, with the simultaneous
announcement of the notes exchange offer, lender commitments and
the borrowing base were each reduced to zero. All except one of the
lenders exited the revolving credit facility, and the company
expects to put in place a $50 million first lien secured multi-draw
term loan facility. Amid weak commodity prices, Moody's expects
cash balances to diminish as EBITDA generation will not be
sufficient to support annual cash interest needs and planned
capital spending. The remaining $23 million of the existing senior
unsecured notes will need to be addressed by September 2017.
However, the company is seeking to enter into a drilling joint
venture agreement that could lower its drilling capital expenditure
requirements and improve liquidity.

The remaining unsecured notes are rated Ca, one notch below the
CFR, reflecting the subordination of the unsecured notes to the
proposed first lien secured term loan facility and the second lien
secured notes. The second lien secured notes are subordinated to
the first lien secured term loan facility under Moody's Loss Given
Default (LGD) methodology.

The negative outlook reflects the anticipated elevation of
liquidity stress on the company due to the commodity price outlook.
The outlook also reflects the remaining risk of additional
distressed exchanges.

The ratings could be downgraded if liquidity deteriorates
considerably. A ratings upgrade is less likely through September
2017 given the debt maturity and the weak commodity price outlook.
However, in a better commodity price environment, ratings could be
upgraded if PetroQuest maintains adequate liquidity, including
sustained positive cash flow after funding maintenance capital
expenditures.

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

PetroQuest is an exploration and production (E&P) company based in
Lafayette, Louisiana.


PHOENIX MANUFACTURING: Exclusivity Extension Hearing, Oct. 19
-------------------------------------------------------------
Judge Eddward P. Ballinger Jr., the U.S. Bankruptcy Court for the
District of Arizona extended Phoenix Manufacturing Partners, LLC
and its affiliated Debtors' exclusive periods to file a Chapter 11
Plan and to seek acceptance of their Plan on an interim basis, up
to and including the date of hearing on October 19, 2016.

Judge Ballinger will convene with the Debtors on Oct. 19, 2016 at
11:00 a.m. to consider approval of the Debtors' request for
exclusivity extensions, so that any objections to such request must
be made two days before the hearing.

As earlier reported by Troubled Company Reporter, the Debtors asked
the Court for an extension of their exclusive periods to file and
to seek acceptance of their Chapter 11 Plan.

The Debtors relate that they have been approached by American
Industrial Acquisition Corporation with a proposal to become an
equity owner in the Reorganized Debtor, provide current owners and
management with continued contracts for their services, assist in
developing substantial new business with major Fortune 500
companies in the aerospace industry and negotiate with UMB Bank for
possible favorable resolution of its secured debt.  

The Debtors further relate that the American Industrial proposal,
which was submitted on September 18, 2016, has merit and that they
wish to explore and negotiate further with American Industrial.
The Debtors add that to do so will require additional time beyond
the current exclusivity deadline of September 26, 2016.

The Debtors tell the Court that they have a draft of their Plan and
Disclosure Statement which proposes a reorganization without
American Industrial's involvement.  They further tell the Court
that the potential American Industrial participation presents the
Debtors with the possibility of filing and circulating an even more
favorable Plan for creditors and all interested parties of the
estates.  The Debtors contend that they need 60 additional days to
continue and conclude negotiations with American Industrial before
filing their Plan.

                About Phoenix Manufacturing Partners, LLC

Phoenix Manufacturing Partners LLC sought protection under Chapter
11 of the Bankruptcy Code (Bankr. D. Ariz. Case No. 16-04898) on
May 3, 2016. Its affiliates Joined Alloys, LLC, and DLS Precision
Fab, LLC, filed for Chapter 11 protection (Case Nos. 16-06107 and
16-06109) on May 27, 2016.

The petitions were signed by Joe Yockey, president & managing
member. The cases are jointly administered under Case No. 16-04898
and are assigned to Judge Edward P. Ballinger, Jr.

Phoenix Manufacturing estimated assets of $0 to $50,000 and debts
of $10 million to $50 million.

Joined Alloys and DLS Precision estimated both assets and
liabilities in the range of $1 million to $10 million.

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


PLANDAI BIOTECHNOLOGY: Delays Filing of Fiscal 2016 Annual Report
-----------------------------------------------------------------
Plandai Biotechnology, Inc., disclosed in a regulatory filing with
the Securities and Exchange Commission that it has experienced a
delay in completing the necessary disclosures and finalizing its
financial statements with its independent public accountant in
connection with its annual report on Form 10-K for the year ended
June 30, 2016.  As a result of this delay, the Company was unable
to file its Annual Report by the prescribed filing date without
unreasonable effort or expense.

                        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 $92,900 of
revenues for the year ended June 30, 2015, compared to a net loss
of $16.04 million on $266,000 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.


POSITIVEID CORP: Registers 12.5 Million Shares for Resale
---------------------------------------------------------
PositiveID Corporation filed with the Securities and Exchange
Commission a Form S-1 registration statement relating to the resale
of up to 12,508,520 shares of the Company's common stock, par value
$0.01 per share, that the Company may put to GHS Investments, LLC,
a Nevada limited liability company, pursuant to a Reserve Equity
Financing Agreement between GHS and the registrant entered into on
Aug. 29, 2016.  

In the event of stock splits, stock dividends, or similar
transactions involving the common stock, the number of common
shares registered shall, unless otherwise expressly provided,
automatically be deemed to cover the additional securities to be
offered or issued pursuant to Rule 416 promulgated under the
Securities Act of 1933, as amended.  The total amount of Put Shares
which may be sold pursuant to this prospectus would constitute
approximately 30% of the Company's issued and outstanding common
stock as of Sept. 23, 2016, assuming that the selling stockholder
will sell all of the shares offered for sale.

The Financing Agreement permits the Company to "put" up to
$7,000,000 in shares of the Company's common stock to GHS over a
period of up to 24 months.  The Company will receive proceeds from
the sale of securities (i.e., the Put Shares) pursuant to its
exercise of this put right offered by GHS.  The initial issuance of
the Put Shares is not being registered pursuant to the registration
statement of which this prospectus forms a part.  Rather, GHS'
resale of the Put Shares after issuance is being registered
pursuant to the registration statement of which this prospectus
forms a part.  The Company will not receive any proceeds from GHS'
resale of these shares of common stock.

GHS is an "underwriter" within the meaning of the Securities Act in
connection with the resale of our common stock under the Financing
Agreement.  No other underwriter or person has been engaged to
facilitate the sale of shares of the Company's common stock in this
offering.  GHS will pay 80% off of the lowest volume-weighted
average price of the Company's common stock over the five
consecutive trading days preceding the date of the written put
notice requiring GHS to purchase shares from the Company, subject
to the terms of the Financing Agreement.

The selling stockholder may offer all or part of the Shares for
resale from time to time through public or private transactions, at
either prevailing market prices or at privately negotiated prices.

The Company's common stock is quoted on the OTCQB under the ticker
symbol "PSID."  On Sept. 29, 2016, the closing price of the
Company's common stock was $0.026 per share.

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

                          goo.gl/jTeIUc

                        About PositiveID

Delray Beach, Fla.-based PositiveID Corporation has historically
developed, marketed and sold RFID systems used for the
identification of people in the healthcare market.  Beginning in
early 2011, the Company has focused its strategy on the growth of
its HealthID business, including the continued development of its
GlucoChip, its Easy Check breath glucose detection device, its
iglucose wireless communication system, and potential strategic
acquisition opportunities of businesses that are complementary to
its HealthID business.

PositiveID reported a net loss attributable to common stockholders
of $11.5 million on $2.94 million of revenues for the year ended
Dec. 31, 2015, compared with a net loss attributable to common
stockholders of $8.22 million on $945,000 of revenues for the year
ended Dec. 31, 2014.

As of June 30, 2016, PositiveID had $2.85 million in total assets,
$16.2 million in total liabilities and a stockholders' deficit of
$13.35 million.

Salberg & Company, P.A., in Boca Raton, Florida, issued a "going
concern" qualification on the consolidated financial statements for
the year ended Dec. 31, 2015, citing that the Company reported a
net loss, and used cash for operating activities of approximately
$11,404,000 and $4,507,000 respectively, in 2015.  At Dec. 31,
2015, the Company had a working capital deficiency, a stockholders'
deficit and an accumulated deficit of approximately $10,694,000,
$11,842,000 and $144,161,000 respectively.  These matters raise
substantial doubt about the Company's ability to continue as a
going concern.


PRECISION OPTICS: Incurs $1.03 Million Net Loss in Fiscal 2016
--------------------------------------------------------------
Precision Optics Corporation, Inc. filed with the Securities and
Exchange Commission its annual report on Form 10-K disclosing a net
loss of $1.03 million on $3.91 million of revenues for the year
ended June 30, 2016, compared to a net loss of $1.17 million on
$3.91 million of revenues for the year ended June 30, 2015.

As of June 30, 2016, the Company had $2.12 million in total assets,
$1.53 million in total liabilities and $587,172 in total
stockholders' equity.

Stowe & Degon LLC, in Westborough, Massachusetts, issued a "going
concern" qualification on the consolidated financial statements for
the year ended June 30, 2016, citing that the Company has suffered
recurring net losses and negative cash flows from operations, which
raises substantial doubt about its ability to continue as a going
concern.

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

                          goo.gl/9P3Upb

                      About Precision Optics

Headquartered in Gardner, Massachusetts, Precision Optics
Corporation, Inc., has been a developer and manufacturer of
advanced optical instruments since 1982.  The Company designs and
produces high-quality micro-optics, medical instruments and other
advanced optical systems.  The Company's medical instrumentation
line includes laparoscopes, arthroscopes and endocouplers and a
world-class product line of 3-D endoscopes for use in minimally
invasive surgical procedures.


PRO ENTERPRISES: Has Until Oct. 28 to File Plan of Reorganization
-----------------------------------------------------------------
Judge A. Jay Cristol of the U.S. Bankruptcy Court for the Southern
District of Florida extended Pro Enterprises USA, Inc.'s exclusive
periods (a) to file a plan of reorganization for a period of 60
days, up to and including Oct. 28, 2016, and (b) to obtain
acceptances of any such filed plan through and including Dec. 29,
2016.

Attorneys for Debtor:

          George L. Zinkler, III, Esq.
          RICE PUGATCH ROBINSON STORFER & COHEN, PLLC
          101 N. E. Third Avenue
          Fort Lauderdale, FL 33301
          Tel: (954) 462-8000
          Fax: (954) 462-4300
          E-Mail: gzinkler@rprslaw.com

                     About Pro Enterprises USA, Inc.

Pro Enterprises USA, Inc. dba ProMed USA, dba ProPharma, aka
ProMed, fdba ProMedCo, aka Pro Enterprises filed a Chapter 11
petition (Bankr. S.D. Fla. Case No. 16-16317), on April 29, 2016.
The case is assigned to Judge Jay A. Cristol.  The Debtor's counsel
is Chad P Pugatch, Esq. at Rice Pugatch Robinson Storfer & Cohen,
PLLC in Ft. Lauderdale, FL.  At the time of filing, the Debtor had
both assets and liabilities estimated at $1 million to $10 million.
The petition was signed by Alejandro Alan Azpurua, president/CEO.

A list of the Debtor's seven largest unsecured creditors is
available for free at http://bankrupt.com/misc/flsb16-16317.pdf


PROFESSIONAL DIVERSITY: Discusses Impact of Reverse Stock Split
---------------------------------------------------------------
Professional Diversity Network, Inc. provided an overview of its
recent reverse stock split and its partial self-tender offer.

HIGHLIGHTS:

  * As previously announced, at the Annual Meeting of Stockholders
    held on September 26, 2016, the Company's stockholders
    approved the proposal authorizing the Board of Directors to
    implement the reverse stock split at a ratio within the range
    from 1-for-2 to 1-for-15, and to amend the Company's Amended
    and Restated Certificate of Incorporation to effect the
    reverse stock split and to proportionately reduce the number
    of shares of common stock the Company is authorized to issue.

   * The Board of Directors approved a final 1-for-8 ratio
     immediately following the Annual Meeting of Stockholders.

   * The reverse stock split was effective as of 12:01 a.m. EDT on
     Sept. 27, 2016.  The Company's shares continue to trade, on a
     post-split basis, under ticker symbol IPDN on the NASDAQ
     Capital Market.

   * The reverse stock split reduced the Company's outstanding
     shares from approximately 14.5 million to approximately 1.8
     million, and its authorized shares from 25 million to
     approximately 3.1 million.

   * The reverse stock split proportionally affects the number of
     shares expected to be issued at the closing of the Company's
     previously-announced transaction with Cosmic Forward Limited,
     as well as the number of shares the Company is seeking to
     purchase in its previously-announced partial self-tender
     offer and the per-share transaction prices.

   * The CFL transaction would still result in the purchase by CFL
     of 51% of the Company's outstanding shares, on a fully-
     diluted basis, but the purchase of the shares will be at
     $9.60 per share rather than the previously-announced $1.20
     share (which reflected an approximately 126% premium over the

     closing price of the common stock on August 12, 2016, the day

     on which the CFL transaction was announced).

   * The partial self-tender offer will now be for up to 312,500
     shares of the Company's common stock at a price of $9.60 per
     share, net to the seller in cash, less any applicable
     withholding taxes and without interest, upon the terms and
     conditions set forth in the offer to purchase dated Sept. 28,
     2016.

                 About Professional Diversity

Professional Diversity Network, Inc. is a dynamic operator of
professional networks with a focus on diversity.  The Company uses
the term "diversity" to describe communities, or "affinities," that
are distinct based on a wide array of criteria which may change
from time to time, including ethnic, national, cultural, racial,
religious or gender classification.  The Company serves a variety
of such communities, including Women, Hispanic-Americans,
African-Americans, Asian-Americans, Disabled, Military
Professionals, and Lesbian, Gay, Bisexual and Transgender (LGBT).
The Company's goal is (i) to assist its registered users and
members in their efforts to connect with like-minded individuals,
identify career opportunities within the network and (ii) connect
members with prospective employers while helping the employers
address their workforce diversity needs.  The Company believes that
the combination of its solutions allows it to approach recruiting
and professional networking in a unique way and thus create
enhanced value for its members and clients.

As of June 30, 2016, Professional Diversity had $37.4 million in
total assets, $16.5 million in total liabilities and $20.9
million in total stockholders' equity.

The Company reported a net loss of $35.8 million in 2015 following
a net loss of $3.65 million in 2014.


PT USA LP: Court Extends Exclusivity Deadlines to November 30
-------------------------------------------------------------
Judge David R Jones of the U.S. Bankruptcy Court for the Southern
District of Texas extended PT USA LP's exclusive period to file a
plan of reorganization and solicit approval of the plan until
November 30, 2016.

As previously reported by the Troubled Company Reporter, the Debtor
asked the Court to extend its exclusive period to file a plan of
reorganization and solicit approval of the plan by 120 days to
avoid the necessity of having to file a chapter 11 plan prematurely
and to ensure that the plan, when filed, will be in the best
interests of the Debtor and its creditors.

According to the Debtor, it has reached a conditional settlement
with Suncoast Post-Tension, Ltd.; however, a final settlement
requires the Court's consent and the execution of a final agreement
between Suncoast and the Debtor, as well as the satisfaction of
certain additional contingencies.  Any successful plan of
reorganization requires a resolution of Suncoast's claim, the
Debtor tells the Court.

The Debtor says it is confident that all issues will be resolved
and the settlement can be integrated into a consensual
reorganization presented to the Court for approval, within the next
120 days.  It is to the benefit of the Debtor and the creditors to
wait for final consummation of the settlement with Suncoast to file
a reorganization plan, which would have to be amended even if it
were filed within Debtor's Exclusive Period, the Debtors assert.
The Court has already abated an adversary action filed by Suncoast
in light of the announcement of the conditional settlement, the
Debtor adds.

                           About PT USA LP

PT USA LP filed a Chapter 11 petition (Bankr. S.D. Tex. Case No.
16-31795), on April 5, 2016. The case is assigned to Hon. Marvin
Isgur. The petition was signed by Sandeep Patel, manager for
general partner. The Debtor's counsel is Kevin M Madden, Esq., at
Kane Russell Coleman & Logan PC, in Houston, Texas.

At the time of filing, the Debtor had $1 million to $10 million in
estimated assets and $10 million to $50 million in estimated
liabilities. The Debtor did not include a list of its largest
unsecured creditors when it filed the petition.


QUEBECOR MEDIA: Moody's Affirms Ba3 Corporate Family Rating
-----------------------------------------------------------
Moody's Investors Service affirmed Quebecor Media Inc's (QMI) Ba3
corporate family rating (CFR) as well as the company's Ba3-PD
probability of default rating. Moody's also maintained the
company's stable ratings outlook, upgraded QMI's speculative grade
liquidity rating to SGL-2 (good) from SGL-3 (adequate), and
affirmed ratings on all debt instruments issued by both QMI and its
wholly-owned operating subsidiary, Videotron Ltee.

The following summarizes today's rating action and QMI's existing
ratings:

   Issuer: Quebecor Media Inc.

   -- Corporate Family Rating, Affirmed at Ba3

   -- Probability of Default Rating, Affirmed at Ba3-PD

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

   -- Outlook, Maintained at Stable

   -- Senior Secured Term Loan B, Affirmed at B1 (LGD5)

   -- Senior Unsecured Regular Bond/Debenture, Affirmed at B2
      (LGD5)

   Issuer: Videotron Ltee

   -- Senior Unsecured Regular Bond/Debenture, Affirmed at Ba2
      (LGD3)

RATINGS RATIONALE

QMI's Ba3 CFR reflects the potential that Moody's adjusted leverage
of debt/EBITDA could spike towards 5x if the company debt-finances
a key minority shareholder's exit. QMI reported leverage of 3.4x
(net of cash and debt/interest rate hedging exposure) at 30June16
while Moody's adjusted figure was 3.8x net of hedging and 4.3x
gross. QMI's 4x company-defined debt/EBITDA leverage guidance is
one means by which the company attempts to manage this capital
structure event risk, although Moody's notes that other companies
have revised their guidance as priorities have evolved. QMI's
rating is supported by the growth potential of its facilities-based
wireless offering, and the growth, sustainability, and
recession-resistance of its cable-based broadband communications'
cash flow. Free cash flow generation is constrained by expectations
of continued capital spending and costs related to further
developing the wireless offering and by fixed-line margin pressure
from IPTV competition.

Moody's assesses QMI's liquidity as good (SGL-2) based on modest
positive free cash flow of approximately $200 million (Moody's
adjusted), a small cash position ($11 at 30 June 2016), significant
committed liquidity to bridge any cash flow shortfalls that may
arise (in particular, $965 million at Videotron), and an expected
absence of covenant compliance issues.

Rating Outlook

The stable outlook reflects Moody's expectation that QMI will
maintain Moody's adjusted leverage of debt/EBITDA of approximately
4x (4.3x at 30Jun16; 3.8x net of hedging), maintain solid liquidity
and be modestly free cash flow positive with FCF/TD of
approximately 3% (3.5% at 30Jun16) over the next 12-to-18 months.

What Could Change the Rating -- Up

Along with a resolution of the overhang provided by the minority
shareholder position, if the company's business platform is stable
implying that growth is to come primarily from organic sources,
expectations of:

   -- Sustained debt/EBITDA leverage below ~4.5x (4.3x at 30Jun16;

      3.8x net of hedging); and

   -- Sustained FCF/TD above 5% (3.5% at 30Jun16); and

   -- (EBITDA-CapEx)/Interest above 2.25x (1.8x at 30Jun16).

What Could Change the Rating -- Down

Expectations of:

   -- Sustained debt/EBITDA leverage above 5x (4.3x at 30Jun16;
      3.8x net of hedging); or

   -- Sustained FCF/TD below 5% (3.5% at 30Jun16); or

   -- (EBITDA-CapEx)/Interest below 1x (1.8x at 30Jun16).

The principal methodology used in these ratings was "Global Pay
Television - Cable and Direct-to-Home Satellite Operators"
published in April 2013.

Corporate Profile

Headquartered in Montreal, Canada, Quebecor Media Inc. (QMI), is a
holding company whose primary operations involve fixed-line and
wireless telecommunications via its wholly-owned operating
subsidiary, Videotron Ltee (Videotron, represents about 97% of
QMI's EBITDA)), with secondary operations involving newspaper
publishing (QMI), television broadcasting (TVA Group Inc. (TVA)),
music production and distribution, sports, and entertainment.


RIO CONSTRUCTION: Wants to Continue Using Cash Collateral
---------------------------------------------------------
Rio Construction Services, LLC, asks the U.S. Bankruptcy Court for
the District of Colorado for authorization to continue using cash
collateral.

The Court had previously authorized the Debtor to use cash
collateral for a six-month period, in its Order dated April 25,
2016.  The Order permitted the Debtor to extend the six month
budgeted cash collateral use period on notice with opportunity for
hearing solely to the Axis Capital, Inc., Valley Bank and Trust,
the Internal Revenue Service, and the U.S. Trustee, by providing
such parties with new budgets for additional monthly periods.

The Debtor relates that the Colorado Department of Revenue has also
asserted an interest in cash collateral.

The Debtor submitted a proposed Budget for the use of cash
collateral over a six-month period.  The Budget includes adequate
protection payments to the Colorado Department of Revenue, in the
amount of $1,000 for the first two months, and $500 for the
remaining four months.  The Budget provides for total expenses in
the amount of $220,750, for the entire six-month period.

The Debtor proposes, among other things, to grant any party that
possesses a properly perfected security interest in the cash
collateral with a replacement lien on all post-petition accounts
receivable to the extent that the use of cash collateral results in
a decrease in the value of such party's interest in the cash
collateral.

A full-text copy of the Debtor's Motion, dated September 26, 2016,
is available at https://is.gd/Sr85iH

             About Rio Construction Services, LLC.

Rio Construction Services, LLC, is 3 Brighton Colorado company,
with its primary business focusing on construction services and
trucking transportation Operations.  It filed for Chapter 11
bankruptcy protection (Bankr. D. Colo. Case No. 16-13130) on April
4, 2016.  The petition was signed by Fabian Marin, manager.  The
Debtor is represented by Aaron A Garber, Esq., at Buechler &
Garber, P.C.  The Debtor estimated assets at $0 to $50,000 and
liabilities at $500,001 to $ 1 million at the time of the filing.



RONALD BLABER: Payment of Certain Priority Obligations Under Plan
-----------------------------------------------------------------
Ronald James Blaber filed with the U.S. Bankruptcy Court for the
Middle District of Tennessee a Disclosure Statement and Plan of
Reorganization, which calls for the payment of certain priority
obligations.

The Debtor sought relief under Chapter 11 due to financial hardship
brought about by the oil market crash approximately two years ago.
The Debtor's company, Volunteer Oil Service, LLC, operates as an
oil collection service for the purpose of recycling the oil.

The Plan proposes to:

   -- pay quarterly fees owed to the U.S. Trustee in full on or
      before the Confirmation Date;

   -- pay claims for taxes and penalties accorded priority status
      on a pro rata basis of the Debtor's disposable income for
      the next 72 months;

   -- pay general unsecured claims, aggregating $325,482, on a pro

      rata basis during the life of the Plan.

A full-text copy of the Disclosure Statement dated Sept. 16, 2016
is available at http://bankrupt.com/misc/tnmb16-02602-60.pdf

The Debtor is represented by:

     T. Larry Edmonson, Esq.
     TOMMY EDMONDSON 22077
     800 Broadway, 3RD Floor
     Nashville, Tennessee 37203
     Tel: 615-254-3765
     E-mail: larryedmondson@live.com
             edmondsonlawoffice@gmail.com

Ronald James Blaber sought bankruptcy protection (Bankr. M.D. Tenn.
Case No. 16-02602) on April 13, 2016.  Thomas Larry Edmondson Sr,
Esq., represent the Debtor.


RONALD KUPETZ: Unsecureds to Get 30% Dividend Under Plan
--------------------------------------------------------
Ronald Scott Kupetz filed with the U.S. Bankruptcy Court for the
Southern District of New York a disclosure statement and Plan of
Reorganization, proposing a 30% dividend for unsecured claims upon
the sale of the Debtor's real property.

The unsecured claims of the Debtor total approximately $105,000.

The Plan also provides for treatment of the secured claims of M&T
Bank, John Guerra, Bank of America, Wells Fargo Bank, the New York
State Department of Taxation and Finance and the Internal Revenue
Service.

The Debtor expects to fund the Plan from the sale of two of his
real properties -- a Bolton Landing property and a two-family house
in Hopewell Junction.

A full-text copy of the Disclosure Statement dated Sept. 16, 2016
is available at http://bankrupt.com/misc/nysb16-35165-50.pdf

The Debtor is represented by:

         Lewis D. Wrobel, Esq.
         85 Civic Center Plaza, Suite 201A
         Poughkeepsie, NY 12601
         Tel: 845-473-5411
         E-mail: lewiswrobel@verizon.net

Ronald S Kupetz sought bankruptcy protection (Bankr. S.D.N.Y. Case
No. 16-35165) on February 1, 2016.


ROSLYN SEFARDIC: Wants Exclusivity Period Moved to January 2017
---------------------------------------------------------------
Roslyn Sefardic Center Corp. asks the U.S. Bankruptcy Court for the
Eastern District of New York to extend for 120 days the time within
which the Debtor has the exclusive right to file a plan of
reorganization and to solicit acceptances, through and including,
Jan. 19, 2017 and March 22, 2017, respectively.

The Debtor's current Exclusivity Period and Acceptance Period
expire on Sept. 21, 2016 and Nov. 22, 2016, respectively.  This is
the Debtor's second request for an extension of the Exclusive
Periods.

During this period of time, the Debtor has been in negotiations
with certain of its creditors and seeking funding to reorganize its
obligations. The Debtor has had numerous discussions with third
parties, but to date, the Debtor has not been able to procure any
exit financing.

The Debtor is hopeful that during the month of October, where there
are a number of religious holidays and where most of the members of
the congregation will be present for services, the Debtor will be
able to make appeals to its full congregation and hopefully raise
money to fund its reorganization efforts. To that end the Debtor
will report to the Court and the Office of the United States
Trustee by October 17 the results of its efforts. The Court has
also set November 17 as a date that could be used for a motion to
dismiss if the Debtor's efforts are unsuccessful.

The Debtor believes that the requested extensions will promote the
orderly reorganization of the Debtor without the need to devote
unnecessary time, money and energy to defending against or
responding to a competing plan.

The Court will convene a hearing on November 17, 2016 at 11:00 a.m.
to consider the Debtor's requests for exclusivity extensions. Any
objections must be filed no later than seven days prior to the
Hearing Date.

                     About Roslyn Sefardic Center

Roslyn Sefardic Center Corp. is a religious non-for-profit
corporation that operates a synagogue on its real property and
improvements located on 1 Potters Lane, Roslyn Heights, New York.


It filed for Chapter 11 bankruptcy protection (Bankr. E.D.N.Y. Case
No. 16-70299) on Jan. 25, 2016.  The Debtor is represented by
Arnold Mitchell Greene, Esq., at Robinson Brog Leinwand Greene
Genovese & Gluck P.C.


S&S SCREW MACHINE: Wants to Use Regions Bank, IRS Cash Collateral
-----------------------------------------------------------------
S&S Screw Machine Company, LLC, asks the U.S. Bankruptcy Court for
the Middle District of Tennessee for authorization to use cash
collateral.

The Debtor is indebted to Regions Bank pursuant to four Promissory
Notes in the original principal amounts of $2,367,520, $600,000,
$280,000, and $1,000,000.  The Regions Loan is secured by
Commercial Security Agreements, and Regions Bank's security
interests are properly perfected.

The Internal Revenue service attached a second priority lien on the
Debtor's assets as of Aug. 11, 2016.  The Internal Revenue Service
asserts that the Debtor owes it $2,209,090.

The Debtor relates that all cash collateral is being collected into
the Debtor's bank account at Regions Bank.  The Debtor further
relates that without authorization to use cash collateral, the
Debtor will not have any funds to pay its expenses during its
Chapter 11 case.

The Debtor's proposed four-week Budget covers the period beginning
with the week beginning Sept. 26, 2016 and ending with the week
beginning Oct. 17, 2016.  The Budget provides for total
disbursements in the amount of $598,000.

The Debtor proposes to grant Regions Bank and the IRS with a
perfected replacement lien in all post-petition assets of the
Debtor, which liens will have the same priority to Regions Bank and
the IRS that existed as of the Petition Date.

The Debtor further proposes that, upon entry of the Final Order
approving the Debtor's use of cash collateral, Regions Bank will be
entitled to:

     (1) payment of proceeds from the sale of any assets sold
outside the ordinary course of business by the Debtor in amounts
either established by agreement between the Debtor and Regions
Bank, or by Order of the Court; and

    (ii) monthly payments in the amount of accrued interest on the
Regions Loan that has accrued at the non-default contract rate
since the Petition Date.

A full-text copy of the Motion dated Sept. 26, 2016, is available
at http://tinyurl.com/hdfwzko

A full-text copy of the proposed Budget is available at
http://tinyurl.com/hozjocp

                About S&S Screw Machine Company

S&S Screw Machine Company, LLC, filed a chapter 11 petition (Bankr.
M.D. Tenn. Case No. 16-06829) on Sept. 24, 2016.  The petition was
signed by Lawrence J. Battle, authorized member.  The Debtor is
represented by Phillip G. Young, Jr., Esq., at Thompson Burton
PLLC.  The case is assigned to Judge Randal S. Mashburn.  The
Debtor estimated assets and liabilities at $1 million to $10
million.

S&S was founded in Southern California in the early 1970's as a
small screw machine oriented business.  In 1984, its location was
moved to Sparta, Tennessee where it currently operates.  In 2005,
under new ownership, S&S acquired Precision Grinding and Machine of
Paris, Tennessee, which allowed S&S to expand beyond screw machine
products into other types of metal machining and fabrication and
powder coating.  Today, S&S employs 72 full-time employees and 24
temporary employees at its modern facility in Sparta.  It
specializes in custom metal machining and fabrication for a variety
of industries, including the automotive industry.


SAINT ANNE RETIREMENT: Fitch Affirms BB+ Rating on $18MM Rev. Bonds
-------------------------------------------------------------------
Fitch Ratings has affirmed the 'BB+' rating on these Lancaster
County Hospital Authority revenue bonds, issued on behalf of Saint
Anne Retirement Community, PA (SARC):

   -- $18.4 million series 2012.

The Rating Outlook has been revised to Stable from Negative.

                               SECURITY

The bonds are secured by a gross revenue pledge, mortgage lien, and
debt service reserve fund.

                          KEY RATING DRIVERS

STRENGTHENED PROFITABILITY: The Outlook revision to Stable is
supported by stronger operating performance in fiscal 2016.
Following several years of declining or flat revenue, SARC's
service revenue grew 9% in fiscal 2016.  Growth is due in large
part to a successful memory support expansion, coupled with
improved census across units. As a result, SARC produced a solid
10.6% net operating margin (NOM), and 2.0x coverage of maximum
annual debt service (MADS) coverage by revenue only.  Additionally,
reliance on entrance fees and investment income is minimal.

IMPROVED OCCUPANCY: Following mixed occupancy in 2015, census
improved in 2016, averaging above 92% across all units at fiscal
year-end.  The opening and fill-up of its new memory support unit
in fiscal 2016 was successful; the unit was 94.5% occupied at
fiscal year-end.

MODERATE LIQUIDITY: At fiscal year ended June 30, 2015, SARC had
$8.8 million in unrestricted cash and investments, equating to 209
days cash on hand (DCOH), 48.1% cash to debt and a 5.4x cushion
ratio in line with Fitch's respective 'BIG' medians of 227 DCOH,
37.3% and 5x.  This level of liquidity is solid for a Type C
fee-for-service facility at a 'BB+' rating level.

ILU EXPANSION PLANS: SARC is moving forward on its planned ILU
expansion, which is expected to progress in phases, with initial
financing now anticipated within the next nine months.  The
project’s final scope and financing remains in flux, but is
expected to be funded in part with debt and with entrance fee
proceeds.

                             RATING SENSITIVITIES

SUSTAINED CASH FLOW: SARC is expected to maintain solid operating
profitability in line with the 'BB+' rating going forward. However,
rating pressure is possible should SARC not maintain healthy cash
flow in light of planned its capital outlays and likely increase in
debt.

EXPECTED DEBT ISSUANCE: Near-term capital plans will likely include
additional debt, which could pressure SARC's financial profile and
rating.  Though delayed, SARC has continued moving forward on its
ILU expansion plan, and Fitch anticipates final determination of
size, phasing, and financing to now occur in early-to-mid 2017.

                           CREDIT PROFILE

Saint Anne's Retirement Community (SARC, a type C continuing care
retirement community (CCRC), is located outside Columbia, PA in the
township of West Hempfield, approximately 35 miles southwest of
Harrisburg and 10 miles west of Lancaster.  SARC is sponsored by
the Religious Congregation of Sisters of the Adorers of the Blood
of Christ, United States Region (ASC), and operates a 61-unit
skilled nursing facility (SNF), a 51-bed memory support unit (MSU),
51-personal care assisted living units (ALUs), and 71-rental and
entrance fee independent living units (ILUs).  Total reported
revenues in fiscal 2016 (year-end June 30) were
$16.7 million.

                      OPERATING IMPROVEMENTS

SARC exceeded its budgeted expectations in fiscal 2016, generating
2.2x MADS coverage and a healthy 10.6% NOM.  Both compare favorably
to Fitch's 'BIG' medians of 1.5x coverage and 6.6% NOM. Healthy
occupancy coupled with a conservative staffing and expense approach
were key factors.  Further, SARC's fiscal 2017 budget remains
conservative with regard to expenses, as occupancy targets are
conservative compared to fiscal 2016 actual levels.  SARC finished
fiscal 2016 with 94.9% ILU, 93.5% ALU, 94.5% MSU, and 89.2% SNF
occupancy.

                            ILU PLANS

As expected, SARC is moving forward with its campus expansion
plans, which may add up to 106 ILUs (both apartments and cottages)
when fully complete, likely to be accomplished in several phases
over the next several years.  Overall, the project is expected to
be accretive; expanding SARC's revenue base and addressing its
somewhat high 17.7 year average age of plant.  It is likely that
SARC will pursue additional debt financing within the next nine to
12 months as a source of funding for this project.  While SARC has
some capacity at the current rating for additional debt, rating
pressure is possible depending on the final scope and cost of the
project and analysis of SARC's pro forma credit profile.

                          DEBT PROFILE

At fiscal 2016 SARC had $18.4 million in total long term debt, all
of which is fixed rate.  Debt service is level, with MADS measured
at $1.6 million.  SARC has no derivative instruments, and no
defined benefit pension obligation.

SARC's current debt burden is currently manageable, evidenced by
MADS equal to 9.2% of total revenue and 5.1x debt to net available.
Of note, SARC's revenue-only coverage was a healthy 2x in fiscal
2016 and consistently well above Fitch's below-investment-grade
(BIG) median of 0.8x.

SARC generated 1.9x debt service coverage per its fiscal 2016
covenant calculation, ahead of its 1.2x requirement.


SAM WYLY: Add'l. Claims Class for Insiders Under 3rd Amended Plan
-----------------------------------------------------------------
Samuel Evans Wyly, et al., filed with the U.S. Bankruptcy Court for
the Northern District of Texas a disclosure statement in support of
the Third Amended Plan of Caroline D. Wyly, which contemplates an
additional class of claims for insiders.

The Disclosure Statement notes that a new class of claims --
Allowed General Unsecured Claims of Insiders under Class 6 -- has
been added.  The Insiders' Claims will be subordinated to the
Administrative Claims and Priority Claims and the Allowed Claims in
Classes 1-5.  The Estate, through the Liquidating Trustee, will pay
the Allowed General Unsecured Claims of Insiders 30 days after all
Administrative Claims, Priority Claims, and Allowed Claims in
Classes 1-5 have received payment in full.

Residual interests of Debtor is now designated as Class 7 Claims.
The Debtor will retain the Retained Assets and Exempt Assets under
this Class on the Plan Effective Date.

The Disclosure Statement also includes disclosures on updated
amounts on certain claims.

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

      http://bankrupt.com/misc/txnb14-35043-1569.pdf

As previously reported by the Troubled Company Reporter, a hearing
is for Oct. 21, 2016 to consider confirmation of the Amended Plan.

                         About Sam Wyly

Sam Wyly is a lifelong entrepreneur and author.  His first book,
1,000 Dollars & An Idea, is a biography that tells his story of
creating and building companies, including University Computing,
Michaels Arts & Crafts, Sterling Software, and Bonanza Steakhouse.
His second book, Texas Got It Right!, co-authored with his son,
Andrew, was gifted to roughly 450,000 students and teachers,
thought leaders, and readers, and continues to be a best-seller in
its Amazon category.

Samuel Wyly filed for Chapter 11 bankruptcy protection (Bankr.
N.D. Tex. Case No. 14-35043) on Oct. 19, 2014, weeks after a judge
ordered him to pay several hundred million dollars in a civil
fraud case.  In September 2014, a federal judge ordered Mr. Wyly
and the estate of his deceased brother to pay more than $300
million in sanctions after they were found guilty of committing
civil fraud to hide stock sales and nab millions of dollars in
profits.

                      About Caroline Wyly

Caroline Wyly is the widow of business tycoon Charles Wyly.  She
and her brother-in-law Sam Wyly sought Chapter 11 bankruptcy
protection as leverage to settle a looming tax bill and a $329
million claim from the Securities and Exchange Commission.  Her
bankruptcy is In re Caroline D. Wyly, 14-35074, in U.S. Bankruptcy
Court, Northern District Texas (Dallas).


SAMUEL WYLY: Agrees to Pay $198 Million in Fraud Case
-----------------------------------------------------
Reuters reported that Texas businessman, Sam Wyly, has agreed to
pay $198.1 million to resolve claims by federal securities
regulators that he engaged in a long-running securities fraud to
hide trades in companies he controlled using offshore trusts,
according to a court filing.

Mr. Wyly is also in talks to resolve tax claims by the Internal
Revenue Service after he was ordered to pay $1.11 billion, the
report said, citing papers filed by the Securities and Exchange
Commission in federal court in Manhattan.

The settlement is subject to approval by the S.E.C. commissioners
and a federal bankruptcy judge in Dallas, where Mr. Wyly filed for
Chapter 11 bankruptcy protection in 2014 as the S.E.C. pursued him
for monetary sanctions, the report noted.

Under the settlement, Mr. Wyly, now 81, and his family agreed to
take steps to have offshore trusts in the Isle of Man make payments
to satisfy a judgment that the S.E.C. obtained in 2015, the report
related.  The S.E.C. will cooperate with ensuring that Mr. Wyly
receives a credit against his federal income tax liabilities of
nearly $181 million, the report further related.

                           About Sam Wyly

Samuel Evans Wyly is a lifelong entrepreneur and author.  His
first
book, 1,000 Dollars & An Idea, is a biography that tells his story
of creating and building companies, including University
Computing,
Michaels Arts & Crafts, Sterling Software, and Bonanza Steakhouse.

His second book, Texas Got It Right!, co-authored with his son,
Andrew, was gifted to roughly 450,000 students and teachers,
thought leaders, and readers, and continues to be a best-seller in
its Amazon category.

Samuel Wyly filed for Chapter 11 bankruptcy protection (Bankr.
N.D. Tex. Case No. 14-35043) on Oct. 19, 2014, weeks after a judge
ordered him to pay several hundred million dollars in a civil
fraud case.  In September 2014, a federal judge ordered Mr. Wyly
and the estate of his deceased brother to pay more than $300
million in sanctions after they were found guilty of committing
civil fraud to hide stock sales and nab millions of dollars in
profits.  

                        About Caroline Wyly

Caroline Wyly is the widow of business tycoon Charles Wyly.  She
and her brother-in-law Sam Wyly sought Chapter 11 bankruptcy
protection as leverage to settle a looming tax bill and a $329
million claim from the Securities and Exchange Commission.  Her
bankruptcy is In re Caroline D. Wyly (Bankr. N.D. Tex. Case No.
14-35074).


SAN JOAQUIN HILLS TCA: Fitch Affirms 'BB+' Rating on Junior Debt
----------------------------------------------------------------
Fitch Ratings has affirmed the San Joaquin Hills Transportation
Corridor Agency, CA's (SJHTCA) senior and junior debt at 'BBB-' and
'BB+', respectively.  The Rating Outlook is revised to Positive
from Stable.

The Positive Outlook reflects continued improvement of SJHTCA's
financial performance following a restructuring in late 2014.  Now
entering its second full fiscal year of operations following the
restructuring, the agency's 2016 DSCR (unaudited, year ends
June 30) was 1.73x on a senior basis and 1.48x on a combined basis.
For 2015 (the last audit), DSCR was unusually higher, as it just
reflects a partial year of debt service payments following the
restructuring.  Leverage has improved, from 19.3 in 2012 to 10.2 on
a senior basis and 12.0 aggregate in 2016.  Under the Fitch rating
case, these figures are projected to decline further despite an
accreting debt structure, with the senior dipping below 10 in 2021
and the aggregate basis crossing this threshold in 2026.  (Leverage
figures give credit to supplemental reserve and debt service
reserve funds but exclude the Use & Occupancy fund.)

Despite a rising debt service schedule, DSCR under the base and
rating cases are projected to average higher than that achieved in
2016: 1.78x and 1.76x over the next five years, and 2.00x and 1.80x
over the life of the bonds to 2050.  Positive rating migration will
be predicated on traffic and revenue data that suggest recent
performance is sustainable and not merely the product of a cyclical
economic upswing, coupled with evidence of a quicker and sustained
deleveraging position.

The 'BBB-' rating reflects the nature of the road as a congestion
reliever with two-axle vehicles providing a near-exclusive customer
base.  As such, it is exposed to moderate volatility as evidenced
by its performance over recent economic cycles.  Further, the
agency operates under a pricing framework that allows for annual
toll increases at inflationary levels (or whatever it sees fit)
along with a relationship whereby the California Department of
Transportation (Caltrans) is responsible for maintenance and
upkeep, leaving the agency with limited capital obligations.

The senior structure accretes and is currently outstanding at about
$1.86 billion, while the junior debt remains outstanding at
approximately $294 million.

                       KEY RATING DRIVERS

Revenue Risk (Volume): Midrange

Strong recent traffic growth: The 15-mile limited access highway
serves as a congestion reliever in Orange and Riverside Counties.
Transactions have grown over the past three years between 5.7% and
9.4% on a year-over-year basis, reaching 30.6 million transactions
in 2016, which is just below 2007's all-time peak of 31.1 million
vehicles.  Continuing improvement in Orange County's economy as
evidenced by a lower unemployment rate and increasing housing
prices should contribute to sustained traffic stability.

Revenue Risk (Price): Stronger

Well Tested Ratemaking Flexibility: The agency has the unlimited
legal ability to increase tolls as it sees fit, although its plan
is to implement small, regular, inflationary increases going
forward.  Political freedom to implement toll increases has proven
robust.  Over the past 10 years, its rate covenant has been well
tested, and proven to provide creditors with significant
protection.  Moreover, following refinancing the agency now has the
ability to input inflationary increases (as long as they are
projected to meet the rate covenant), rather than an independent
traffic and revenue consultant instituting toll increases in order
to maximize revenue.

Infrastructure Development & Renewal: Stronger

Limited Capital Plan Going Forward: Caltrans owns and maintains the
road, with SJHTCA covering administrative and toll collection
related expenses.  The agency has no additional debt plans.

Debt Structure: Senior - Midrange / Junior - Midrange
Escalating Debt Service Profile: The debt structure includes fixed
rate and amortizing senior and junior debt subject to some interest
accretion.  Debt service escalates between 2.5% - 2.9% (except for
one 6% increase in 2028) through FY2040, then levels off at an
aggregate requirement of $186 million.  Aggregate leverage was 11.9
in 2016 and under the Fitch base and rating cases declines on a
year over year basis despite total debt outstanding accreting over
the period.

Low-growth breakeven case: Revenue growth given strong liquidity
reserves as required by the bond indenture allows for 0.35% annual
change over the debt life on a senior basis and 0.75% on a
combined-debt basis.

Metrics Consistent with Criteria: Fitch rating case senior average
DSCR is 1.80x, while the combined DSCR is 1.55x, both consistent
with 1.40x guidance at the 'BBB'-category level, and this does not
reflect the significant benefit provided to creditors by strong
liquidity requirements.  Fitch base case senior and aggregate
averages of debt life (to 2050) are 2.00x and 1.72x, while the
rating case is 1.80x and 1.55x.

Peer Group: SJHTCA's closest peers come from Fitch's rated
standalone / small network toll roads portfolio with senior debt
rated in the 'BBB' category.  Its closest peers are its sister
agency, Foothill/Eastern Transportation Corridor Agency (F/ETCA),
and E-470 Public Highway Authority, both of which face initially
high leverage and some dependence on revenue growth.  Pertinent
recent metrics for F/ETCA include 1.32x DSCR in 2015 on an
aggregate basis, with a Fitch base case average of 1.42x over the
life of the debt (to 2053) and higher leverage at 15.7x on a senior
basis alone.  As for E-470, fiscal 2015 DSCR was 1.78x, and over
the next 10 years, the Fitch base case projects E-470 DSCR to be no
less than 1.5x with an average of 1.78x.  Finally, a breakeven
revenue growth on the Fitch base case is in positive territory, at
0.8%.

                      RATING SENSITIVITIES

Negative: Significant performance below our base case due to
traffic or toll rate declines could pressure the rating.

Negative: Changes in management's historical stance towards timely
and meaningful toll rate increases to continue meeting an
increasing debt service profile.

Positive: Continued traffic stability and financial operations
meeting Fitch's base and rating case assumptions.

                        SUMMARY OF CREDIT

Historical traffic and revenue continues to perform strongly.  On a
year over year basis, traffic is up between 5.7% and 9.4% for the
past three years to 2016, while revenue has seen double-digit
increases during the same period, reflecting continued toll rate
increases.

Because Caltrans has title to the road and is responsible for its
upkeep, SJHTCA has limited capital needs.  In the next five years,
SJHTCA plans are $54 million, to be in cash funded with ongoing
revenues.

Debt was restructured in 2015, so fiscal 2016 was the first full
year of operation post-restructuring.  As part of the refinancing,
SJHTCA now has the ability to institute rate increases, as opposed
to a T&R consultant recommending and the agency virtually being
required to adopt.  Management is committed to small, inflationary
toll increases as a result.

The sponsor case (also adopted as the Fitch base case) assumes
traffic growth of 1% annually through 2022, then declining 4% in
concert with an assumed I-405 widening that year before returning
to positive growth between 0.5% and 1.5% for the remainder of the
bonds' life.  Toll rate increases are assumed at 2.5% in nearly
every year.  Under this case, projected 10-year average DSCR is
1.80x senior and 1.55x aggregate, moving to 2x and 1.72x over the
entire debt period to 2050.

Fitch's rating case retains the same traffic growth, but drops the
toll increases to 2% annually.  In this scenario DSCR moves down to
1.75x and 1.51 times for the 10-year projection period, and 1.80x
and 1.55x through 2050.

Fitch also looked at a break-even gross toll revenue growth
scenario, and concluded that the facility could experience annual
growth of 0.75% and still meet its obligations, assuming the use of
all available liquidity.

SJHTCA operates a 15-mile, six-lane limited access segment of SR 73
in Orange County, California.  At its southern end it connects with
Interstate 5, and at its northern end it connects with a previously
constructed section of SR 73 near John Wayne Airport that connects
with I-405.  The SR-73's purpose is to relieve congestion on the
parallel I-5, I-405, and the Pacific Coast Highway.

Bonds are secured by net toll revenues and development impact fees,
the latter only if certain thresholds are met and in any case have
historically not had a significant effect on the agency's ability
to service its debt.  The junior lien was added in 2014 upon the
agency's debt restructuring


SCIENTIFIC GAMES: Michael Quartieri Assumes PAO Position
--------------------------------------------------------
Scientific Games Corporation and Jeffrey B. Johnson, the Company's
vice president, finance and chief accounting officer, have mutually
agreed that Mr. Johnson will transition to the role of consultant
effective Oct. 1, 2016, through Dec. 31, 2016.  As part of this
planned transition, Michael A. Quartieri, the Company's executive
vice president and chief financial officer, will assume the duties
of principal accounting officer, effective Oct. 1, 2016.

Additional information regarding Mr. Quartieri's previous business
experience is contained in the Company's annual report on Form
10-K for the year ended Dec. 31, 2015, under "Item 1 - Business --
Executive Officers of the Company", and is incorporated herein by
reference.

                      About Scientific Games

Scientific Games Corporation is a developer of technology-based
products and services and associated content for worldwide gaming
and lottery markets.  The Company's portfolio includes instant and
draw-based lottery games; electronic gaming machines and game
content; server-based lottery and gaming systems; sports betting
technology; loyalty and rewards programs; and social, mobile and
interactive content and services.  Visit
http://www.scientificgames.com/              

Scientific Games reported a net loss of $1.39 billion on $2.75
billion of total revenue for the year ended Dec. 31, 2015, compared
to a net loss of $234.3 million on $1.78 billion of total revenue
for the year ended Dec. 31, 2014.

As of June 30, 2016, Scientific Games had $7.46 billion in total
assets, $9.13 billion in total liabilities and a $1.66 billion
total stockholders' deficit.

                           *     *     *

The TCR reported on May 21, 2014, that Moody's Investors Service
downgraded Scientific Games Corporation's ("SGC") Corporate Family
Rating to 'B1'.  The downgrade reflects Moody's view that slower
than expected growth in SGC's Gaming and Instant Products segments
will cause Moody's adjusted leverage to exceed 6.0 times by the
end of 2014.

As reported by the TCR on Aug. 5, 2014, Standard & Poor's Ratings
Services lowered its corporate credit rating to 'B+' from 'BB-' on
Scientific Games Corp.

"The downgrade and CreditWatch placement follow Scientific Games'
announcement that it has agreed to acquire Bally Technologies for
$5.1 billion, including the refinancing of about $1.8 billion in
net debt at Bally," said Standard & Poor's credit analyst Ariel
Silverberg.


SFX ENTERTAINMENT: 4th Amended Plan Revises DIP Claims Treatment
----------------------------------------------------------------
SFX Entertainment, Inc., et al., filed a Fourth Amended Plan of
Reorganization and accompanying disclosure statement to, among
other things, revise the treatment of Tranche A DIP Facility Claims
and Tranche B DIP Facility Claims.

Tranche A DIP Facility Claims, which will be allowed in an amount
equal to (a) the aggregate outstanding principal amount of
$30,600,000, plus (b) all accrued and unpaid cash interest, plus
(c) any default interest, will receive payment from the proceeds of
the sale of New Series A Preferred Stock.

Tranche B DIP Facility Claims will be allowed in an amount equal to
the sum of:

   (x) with respect to the portion of Tranche B DIP Facility Claims
that are not incremental Tranche B DIP Accordion Claims: (1) the
aggregate outstanding funded principal amount of $57,600,000, plus
(2) $2,304,000, plus (3) $965,314, plus (4) $2,690,664, plus (5)
all interest payable-in-kind after September 2, 2016 on the
incremental foreign loans, plus (6) any default interest; and

  (y) with respect to that portion of Tranche B DIP Facility Claims
that are Incremental Tranche B DIP Accordion Claims: (1) the
aggregate funded principal amount under the Incremental Tranche B
DIP Accordion (as of September [29], 2016) of $2,000,000, plus (2)
the aggregate funded principal amount under the Incremental Tranche
B DIP Accordion from and after September [29], 2016 (if any), plus
(3) $400,000 representing a commitment fee paid-in-kind on
[September 26, 2016] on account of the $10,000,000 committed under
the Incremental Tranche B DIP Accordion pursuant to the Amendment
and Supplemental Agreement, plus (4) any additional commitment fees
paid- or payable-in-kind on any amounts committed under the Tranche
B DIP Facility (with respect to the Incremental Tranche B DIP
Accordion) from and after September [29], 2016 in accordance with
the DIP Credit Documents (if any), plus (5) all interest
payable-in-kind on any Tranche B DIP Loans under the Tranche B DIP
Facility (with respect to the Incremental Tranche B DIP Accordion)
through the Effective Date, plus (6) any default interest,
premiums, fees, expenses, disbursements, costs, charges and any
other amounts due under the Tranche B DIP Facility (with respect to
the Incremental Tranche B DIP Accordion) as of the Effective Date.

On the Effective Date, each Holder of an Allowed Tranche B DIP
Facility Claim, other than an Incremental Tranche B DIP Accordion
Claim), will receive:

   (I) that Holder's pro rata share bears to the aggregate amount
of Allowed Tranche B DIP Facility Claims of Series C Warrants,
which will be automatically transferred to Allianz without any
further action by any party; and

  (II) together with the Holders of Allowed Original Foreign Loan
Claims, that Holder's pro rata share bears to the aggregate amount
of Allowed Tranche B DIP Facility Claims of (1) 100% of the New
Series B Preferred Stock, and (2) 70% of the New Common Stock,
subject to dilution by any amounts distributable upon the exercise
of the New Warrants.

A blacklined version of the Fourth Amended Plan dated Sept. 26,
2016, is available at http://bankrupt.com/misc/16-10238-1062.pdf

                    About SFX Entertainment, Inc.

SFX Entertainment, Inc., and 43 of its affiliates, a global
producer of live events and digital entertainment content focused
exclusively on the electronic music culture and other world-class
festivals, filed Chapter 11 bankruptcy petitions (Bankr. D. Del.
Case Nos. 16-10238 to 16-10281) on Feb. 1, 2016. The petitions
were
signed by Michael Katzenstein as chief restructuring officer.

The Debtors disclosed total assets of $662 million and total debt
of $490 million.

Judge Mary F. Walrath is assigned to the case.

Greenberg Traurig, LLP serves as the Debtors' counsel.  Kurtzman
Carson Consultants LLC acts as the Debtors' claims and noticing
agent.  The Debtor hired FTI Consulting Inc. to provide crisis and
turnaround management services.

An Official Committee of Unsecured Creditors has retained Pachulski
Stang Ziehl & Jones LLP as counsel, and Conway Mackenzie, Inc., as
financial advisor.


SFX ENTERTAINMENT: Judge Tosses Bid for Equity Committee
--------------------------------------------------------
Matt Chiappardi, writing for Bankruptcy Law360, reported that
Delaware Bankruptcy Judge Mary F. Walrath denied a bid from SFX
Entertainment Inc. shareholders to form an official equity holders
committee late in the case after giving the Company the approval to
poll creditors on its Chapter 11 plan that features a $300 million
debt-for-equity swap with noteholders.

During a hearing in Wilmington on Sept. 28, Judge Walrath said the
issues shareholders were bringing up about SFX total value were
more appropriate as objections to confirmation of the debtor's
Chapter 11 plan.

Hours before Thursday's hearing, the Debtors lodged their reply to
the first and second supplement filed by WPP Luxembourg Gamma Three
S.A.R.L. in support of its motion for the appointment of an equity
committee.  The Debtros said, "The Supplements do not offer any
additional evidentiary or legal support for WPP's request that an
equity committee be appointed in these cases.  WPP's suggestion
that this Court rely upon the bench order and comments from Judge
Sontchi in the recent Horsehead case is misplaced as the Horsehead
case is easily distinguishable from these cases. The attempt to
apply the bench ruling in Horsehead to these cases does nothing to
cure the fatal deficiencies in the WPP Motion."

          Equity Already Out of the Money by Over $440MM

The Debtors observed that WPP appears to be relying mainly on SFX's
10-Q for the quarter ending September 30, 2015, which states that
the reported book value of the stockholders' equity some five
months before the Debtors' chapter 11 petitions were filed was
$99.5 million.  The Debtors said the 2015 3rd Quarter 10-Q is not
an accurate representation of their equity value as evidenced by
the public record in these cases.  As a threshold matter and as the
Court is aware, the Debtors have incurred over $115 million to date
in senior, secured debtor-in-possession financing in these cases in
order to maintain a going concern enterprise.  This additional
post-petition indebtedness is obviously not accounted for in the
2015 3rd Quarter 10-Q.

The Debtors also explained that as set forth in the their
Projections and Valuation -- appended as Exhibit D to the Second
Amended Disclosure Statement with Respect to the Third Amended
Joint Plan -- the Debtors' investment bankers estimate that the
enterprise value of the Debtors upon exit from Chapter 11 will be
between $115 million and $160 million with a mid-point of $137.5
million.  This enterprise value is well below the approximately
$600 million of estimated claims against the Debtors that are
senior to common equity.  The Debtors also noted that as set forth
in the Disclosure Statement, the enterprise value was estimated as
of July 2016. Subsequent to July 2016, certain of the Debtors'
business operations have reported performance below the projections
upon which the valuation was based.

The Debtors also added that comparing the enterprise value
estimated by Moelis with the obligations having priority over
common equity, the Debtors estimate that common equity is "out of
the money" by over $440 million.   The Debtors explained that the
total enterprise value as determined by Moelis represents the going
concern value of all of their assets.  In order for there to be
equity value, the total enterprise value would need to exceed the
over $600 million in estimated liabilities senior to common equity.


"Therefore, prior to giving effect to their proposed Plan of
Reorganization, the Debtors are deeply balance sheet insolvent. In
contrast, the Debtors reported as of the 2015 3rd Quarter 10-Q
total assets (book value) of $661 million, which resulted in a book
equity value of $99.5 million after reducing the book asset value
by the book liabilities. This total asset value, however, does not
represent the Debtors' current asset value for a number of
reasons," the Debtors said.

The Debtors also reminded the Court that during the course of the
case, the Unsecured Creditors' Committee investigated and
challenged the Debtors' valuation. After hiring two financial
advisors to review Moelis' valuation and months of tough
negotiations, the Committee determined that the best course of
action was to settle. Under this settlement, holders of general
unsecured claims would receive 1.91% to 3.02% of their allowed
claims, while holders of convenience class claims are receiving an
estimated recovery of 8%. This settlement further supports the fact
that equity value does not exist in these cases.

                Horsehead Case Doesn't Apply Here

The Debtors said WPP's sole purpose of the Supplements is to point
the Court to two recent unpublished bench rulings in In re
Horsehead Holding Corp., No. 16-10287 (CSS) (Bankr. D. Del.).  But
the Debtors contend that the manner in which the Horsehead court
exercised its discretion on the particular facts of that case is
not relevant to how the SFX Court should exercise its discretion
based on the facts and evidence presented (or lack thereof) in this
case.  Even the Horsehead Court acknowledged that its decision was
based on the peculiar circumstances of that case, which
circumstances caused the Court to deviate from applying the
governing legal standard.

The Debtors cite a laundry-list of points as to how Horsehead is
distinguishable from the SFX case:

     -- Nature of the assets

In Horsehead, the critical asset was an electrolytic recycling
plant for zinc -- a physical asset based on mature technology used
in other comparable plants already constructed and operational. By
contrast, SFX's values are not based on fixed assets. WPP has not
identified any particular asset of the Debtors the value of which
they believe should be substantially increased by more than the
over $440 million required to put equity in the money.

     -- Two radically different valuations

Horsehead concerned two dramatic shifts in the value of the
critical fixed asset. By contrast, the Debtors have projected no
such recovery of the pre-petition "book" value of goodwill.

     -- Market check

The Horsehead debtors acquiesced to their lenders' refusal to allow
the marketing of any assets.  The SFX Debtors have sold Fame House
and Flavorus, and the Debtors ran a sales process for Beatport --
actually testing the market and realizing values significantly less
than those ascribed to those assets in prepetition goodwill book
value.

     -- Equity's belief in its valuation

More than one Horsehead equity holder asked for a rights offering.
The stockholders of Horsehead were so strong in their belief of the
value of the plant that they were willing to invest new money in
the Horsehead debtors.  By contrast, WPP is just looking for "a
contingent participation" in enterprise value or litigation
recoveries.

     -- Debtors' Continued Equity Raise

The Horsehead debtors were continuing to raise equity capital from
the public markets as recently as two months before their chapter
11 filings.

     -- Management

Unlike in Horsehead, the key management figure in SFX has been
removed and replaced by an independent CRO and ACRO who direct the
activities of the Debtors.

     -- Equity's Valuation "In the Money"

In Horsehead, accepting equity's assertions as to value would have
put equity in the money.  In SFX, equity has provided no valuation
that would support them being in the money. Nor is such a valuation
credible as the Debtors have incurred over $115 million of new
secured debt in these cases to date and have over $600 million in
claims against them.

The Debtors contend that the ruling by the bankruptcy court for the
Southern District of New York in In re SunEdison, Inc., No.
16-10992, 2016 WL 4400568, at *7 (Bankr. S.D.N.Y. Aug. 12, 2016),
is applicable to their case.  The SunEdison court noted that the
movants relied upon pre-petition book values from unaudited
consolidated financials whereas the Debtors had submitted testimony
from their investment banker regarding the Debtors' post-petition
value.  The court noted that even if this valuation "is doubled"
the debtors would nevertheless be "hopelessly insolvent".
Accordingly, that court denied the motion to appoint an equity
committee.

                   About SFX Entertainment, Inc.

SFX Entertainment, Inc., and 43 of its affiliates, a global
producer of live events and digital entertainment content focused
exclusively on the electronic music culture and other world-class
festivals, filed Chapter 11 bankruptcy petitions (Bankr. D. Del.
Case Nos. 16-10238 to 16-10281) on Feb. 1, 2016. The petitions
were
signed by Michael Katzenstein as chief restructuring officer.

The Debtors disclosed total assets of $662 million and total debt
of $490 million.

Judge Mary F. Walrath is assigned to the case.

Greenberg Traurig, LLP serves as the Debtors' counsel.  Kurtzman
Carson Consultants LLC acts as the Debtors' claims and noticing
agent.  The Debtor hired FTI Consulting Inc. to provide crisis and
turnaround management services.

An Official Committee of Unsecured Creditors has retained
Pachulski
Stang Ziehl & Jones LLP as counsel, and Conway Mackenzie, Inc., as
financial advisor.


SHERWIN ALUMINA: $25.7-Mil. Commodity Financing Facility Approved
-----------------------------------------------------------------
Judge David R. Jones authorized Sherwin Alumina Company, LLC and
Sherwin Pipeline, Inc. to obtain postpetition secured financing
from Commodity Funding, and use cash collateral on a final basis,
until Dec. 31, 2016.

Debtor Sherwin Alumina is indebted to Commodity Funding, pursuant
to a Prepetition Credit Agreement, wherein Commodity Funding
provided the Debtors with a revolving credit facility up to the
aggregate principal amount of $95,000,000.  Commodity Funding was
granted by Debtor Sherwin Alumina with first-priority senior liens
and security interests upon and substantially all of its property
and assets.

Judge Jones authorized the Debtors to obtain DIP Loans in the
aggregate principal amount of up to $25,700,000.

The Debtors were authorized to use the proceeds of the DIP Facility
to fund the working capital and general corporate needs of the
Debtors and the costs of the Chapter 11 cases.  

The approved Budget covers a period of 13 weeks, beginning with the
week ending Sept. 16, 2016 and ending with the week ending Dec. 9,
2016.  The Budget provides for total disbursements in the amount of
$4,622,000 for the week ending Sept. 30, 2016; $12,760,000 for the
week ending Oct. 7, 2016; and $1,512,000 for the week ending Oct.
14, 2016.

Judge Jones held that all DIP Obligations will constitute allowed
super-priority administrative expense claims in the Chapter 11
cases against the Debtors, their estates in the Chapter 11 cases,
and any successor cases, having priority over any and all other
administrative claims against the Debtors.

Commodity Funding was granted continuing , enforceable,
fully-perfected, and non-avoidable liens on and senior security
interests, as well as replacement liens, in all pre-petition
collateral, all of the other property, assets and interests in
property and assets of the Debtors, and all property of the estate,
subject to the Carve-Out, among others.

The Carve-Out consists of:

     (1) amounts payable pursuant to 28 U.S.C. Section 1930 plus
interest at the statutory rate;

     (2) fees and expenses up to $25,000 incurred by a trustee
under section 726(b) of the Bankruptcy Code;

     (3) all unpaid fees, expenses, and costs of any person or
entity retained in the Chapter 11 cases by the Debtors or, subject
in all respects to the approved Budget, the Official Committee of
Unsecured Creditors; and

     (4) allowed Estate Professional Fees which are actually
incurred at any time after the first business day following
delivery by the DIP Lender of a Carve-Out Trigger Notice, in an
aggregate amount not to exceed $250,000.

A full-text copy of the Final Order, dated Sept. 26, 2016, is
available at http://tinyurl.com/zot95uo

               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.


SIX-S HOLDINGS: Hires Bond Schoeneck as Counsel
-----------------------------------------------
Six-S Holdings, LLC seeks authorization from the U.S. Bankruptcy
Court for the Western District of New York to employ Bond,
Schoeneck & King, PLLC as counsel, effective August 19, 2016
petition date.

The Debtor requires Bond Schoeneck to:

   (a) advise the Debtor regarding its function and duties as a
       debtor in possession;

   (b) assist in the preparation of the Debtor's schedules of
       assets and liabilities and statement of financial affairs;

   (c) negotiate with all creditors, including secured lenders;

   (d) examine liens against property of the estate;

   (e) negotiate with taxing authorities, if necessary;

   (f) represent the Debtor in proceedings and hearings in the
       United States District and Bankruptcy Courts for the
       Western District of New York;

   (g) prepare and file on behalf of the Debtor, all necessary
       applications, motions, orders, reports, complaints, answers

       and other pleadings and documents in the administration of
       the estate herein;

   (h) take all necessary action to protect and preserve the
       Debtor's estate, including the prosecution of actions on
       the Debtor's behalf, the defense of any actions commenced
       against the Debtor, negotiations in connection with any
       litigation in which the Debtor is involved, and objections
       to claims filed against the Debtor's estate;

   (i) advise the Debtor concerning, and assisting in the
       negotiation and documentation of, cash collateral orders
       and related transactions;

   (j) provide assistance, advice and representation concerning
       any potential sale of the Debtor as a going concern or the
       sale of all or a significant portion of the Debtor's
       assets;

   (k) provide assistance, advice and representation concerning
       the confirmation of any proposed plans and solicitation of
       any acceptances or responding to rejections of such plans;

   (l) provide assistance, advice and representation concerning
       any investigation of the assets, liabilities and financial
       condition of the Debtor that may be required under local,
       state or federal law;

   (m) provide counsel and representation with respect to
       assumption or rejection of executory contracts and leases,
       sales of assets and other bankruptcy-related matters
       arising from this Chapter 11 Case;

   (n) advise the Debtor regarding all legal matters arising
       during the Chapter 11 Case, including, but not limited to,
       securities, corporate, finance, labor, intellectual
       property, tax and commercial matters; and

   (o) all other pertinent and required representation in
       connection with the provisions of the Bankruptcy Code.

Bond Schoeneck will be paid at these hourly rates:

       Ingrid C. Palermo, member        $375
       Curtis A. Johnson, associate     $275

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

As of the application date, Bond Schoeneck has performed 13.4 hours
of pre-retention work for the Debtors, and the Debtors have
incurred $5,000 in professional fee obligations to Bond.

Ingrid C. Palermo, member of Bond Schoeneck, assured the Court that
the firm is a "disinterested person" as the term is defined in
Section 101(14) of the Bankruptcy Code and does not represent any
interest adverse to the Debtor and its estate.

Bond Schoeneck can be reached at:

       Ingrid C. Palermo, Esq.
       Curtis A. Johnson, Esq.
       BOND, SCHOENECK & KING, PLLC
       350 Linden Oaks, Suite 310
       Rochester, NY 14625-2825
       Tel: (585) 362-4700
       E-mail: ipalermo@bsk.com
               cjohnson@bsk.com

                     About Six-S Holdings, LLC

Six-S Holdings, LLC  filed a Chapter 11 bankruptcy petition (Bankr.
W.D.N.Y. Case No. 16-11617) on August 19, 2016. Ingrid S. Palermo,
Esq., at Bond, Schoeneck & King, PLLC serves as bankruptcy
counsel.

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


SNEED SHIPBUILDING: Seeks Oct. 17 Exclusivity Period Extension
--------------------------------------------------------------
Sneed Shipbuilding, Inc. asks the U.S. Bankruptcy Court for the
Southern District of Texas to extend its exclusivity period to
October 17, 2016, or 16 days after its current exclusivity period
expires.

The Debtor is wholly owned by two principal shareholders, Mitch
Jones and Clyde Sneed.  They purchased the company from Martin
Sneed, Sr.

The Debtor tells the Court that Mr. Sneed has recently passed
causing a delay in resolving the issues relating to its lease.  The
Debtor further contends that the bankruptcy case, though not large
in size, has multiple complex and critical issues yet to be
resolved, including, the success of the Debtor's efforts to
determine whether it can assume its lease of real property from Mr.
Sneed.

The Debtor contends that it is mediating its lease with the estate
of Martin M. Sneed on October 7, 2016 and a potential resolution to
such issues may pave a clear path to a viable Chapter 11 plan.

              About Sneed Shipbuilding, Inc.

Sneed Shipbuilding, Inc., sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. S.D. Tex., Case No. 16-60014) on March 4,
2016. The petition was signed by Clyde E. Sneed, president.

The Debtor is represented by Amber Michelle Chambers, Esq., Eric
Michael VanHorn, Esq., and Nicholas Zugaro, Esq., at McCathern,
PLLC. The case is assigned to Judge David R Jones.

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

The Office of the U.S. Trustee appointed five creditors of Sneed
Shipbuilding, Inc., to serve on the official committee of unsecured
creditors.  The committee members are: (1) Triple-S Steel Supply
Co.; (2) New Industries, L.L.C.; (3) NC Receivables Corporation;
(4) Contractors Building Supply Co., L.L.C.; and (5) Central Boat
Rentals, Inc.



SPI ENERGY: Has Private Placement of $100M Ordinary Shares
----------------------------------------------------------
SPI Energy Co., Ltd., announced the entry into of purchase
agreements with certain existing shareholders (including certain
key management personnel of the Company) and other investors to
issue and sell ordinary shares of the Company to the Purchasers at
a price of US$0.259 per Share (US$2.59 per ADS), for a total
consideration of approximately US$100 million.  In addition, the
Purchasers are subjected to a 180 days lock-up period after the
closing of the Private Placement.

Net proceeds from the Private Placement are intended to be used for
expansion of SPI Energy's global PV project activities and general
corporate purposes.

The Private Placement is subject to the satisfaction of customary
closing conditions.  The Purchasers have the right to terminate the
Agreements if the share issuances contemplated under the respective
Agreements have not been completed by Dec. 22, 2016.

The Company will grant to those investors options to purchase
ordinary shares at the same price within two years.

The Shares are being offered and sold solely to non-U.S. persons,
on a private placement basis in reliance upon Regulation S
promulgated under the U.S. Securities Act of 1933, as amended.

                   About SPI Energy Co., Ltd.

SPI Energy Co., Ltd., (As successor in interest to Solar Power,
Inc.), is a global provider of photovoltaic (PV) solutions for
business, residential, government and utility customers and
investors.  SPI Energy focuses on the downstream PV market
including the development, financing, installation, operation and
sale of utility-scale and residential solar power projects in
China, Japan, Europe and North America.  The Company operates an
innovative online energy e-commerce and investment platform,
http://www.solarbao.com/,which enables individual and
institutional investors to purchase innovative PV-based investment
and other products; as well as http://www.solartao.com/, a B2B
e-commerce platform offering a range of PV products for both
upstream and downstream suppliers and customers.  The Company has
its operating headquarters in Shanghai and maintains global
operations in Asia, Europe, North America and Australia.

SPI Energy reported a net loss of $185 million on $191 million of
net sales for the year ended Dec. 31, 2015, compared to a net loss
of $5.19 million on $91.6 million of net sales for the year ended
Dec. 31, 2014.  As of Dec. 31, 2015, SPI Energy had $710 million in
total assets, $493 million in total liabilities and $216.55 million
in total stockholders' equity.

KPMG Huazhen LLP, in Shanghai, China, issued a "going concern"
qualification on the consolidated financial statements for the year
ended Dec. 31, 2015, citing that SPI Energy Co., Ltd. and its
subsidiaries have suffered significant losses from operations and
have a negative working capital as of Dec. 31, 2015.  In addition,
the Group has substantial amounts of debts that will become due for
repayment in 2016.  These factors raise substantial doubt about the
Group's ability to continue as a going concern.


SQUIRE COURT: Seeks to Hire Coats Rose as Legal Counsel
-------------------------------------------------------
Squire Court Partners Limited Partnership seeks approval from the
U.S. Bankruptcy Court for the Eastern District of Arkansas to hire
Coats Rose, P.C.

The firm will serve as the Debtor's legal counsel in connection
with its bankruptcy case.  The services to be provided by Coats
Rose include assisting the Debtor in the formulation of a Chapter
11 plan of reorganization.

The firm's professionals and their hourly rates are:

     Frank J. Wright           $650
     C. Ashley Ellis           $475
     E. P. Keiffer             $500
     Erin McGee                $325
     Betty J. Wallace          $150
     Imelda V. Arayata         $125
     Medrith E. Rhotenberry     $75

E. P. Keiffer, Esq., disclosed in a court filing that the firm does
not hold or represent any interest adverse to the Debtor or its
estate.

The firm can be reached through:

     E. P. Keiffer, Esq.
     Coats Rose, P.C.
     325 North St. Paul Street, Suite 4150
     Dallas, Texas 75201
     Telephone: (214) 651-6517
     Telecopy: (214) 481-2817
     Email: pkeiffer@coatsrose.com

                        About Squire Court

Squire Court Partners Limited Partnership sought protection under
Chapter 11 of the Bankruptcy Code (Bankr. E. D. Ark. Case No.
16-14816) on September 12, 2016.  The petition was signed by
Philip Nelson Lee, director.  

The case is assigned to Judge Richard D. Taylor.

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


ST. LUKE BAPTIST: Seeks Authorization to Continue Using Cash
------------------------------------------------------------
St. Luke Baptist Church, doing business as St. Luke Holy Baptist
Church, asks the U.S. Bankruptcy Court for the Central District of
California for authorization to use cash collateral pursuant to its
Stipulation with the Southwest Baptist Conference.

The Debtor owns four pieces of real property:

     (1) a church located at 1401 West 34th Street, Long Beach,
California;

     (2) an unimproved lot, located at 3415 Delta Avenue, Long
Beach, California, which is used for parking;

     (3) a single-family residence located at 3406 Denver Avenue,
Long Beach, California, which the Debtor leases and receives
approximately $1,000 per month in rent; and

     (4) a single-family residence located at 3420 Denver Avenue,
Long Beach, California, which the Debtor leases and receives
approximately $1,400 per month in rent.

The Debtor has two secured creditors:

     (1) BDM Mortgage, which is the holder of the first deed of
trust secured by the four real properties, and to whom the Debtor
owes approximately $293,000.  The Debtor's monthly payment to BDM
Mortgage is $3,894.

     (2) Southwest Baptist, which is the holder of the second deed
of trust secured by the four real properties, and to whom the
Debtor owes $164,302.  The Debtor's monthly payment to Southwest
Baptist is $833.

The Debtor contends that all rents collected from the lease of the
3406 Denver Property and the lease of the 3420 Denver Property,
approximately $2,400 monthly, constitute cash collateral.  The
Debtor further contends that it has been using the cash collateral
postpetition to pay BDM Mortgage in order to stay current on the
mortgage secured by the four real properties.

The Debtor tells the Court that although the prior use of the cash
collateral was unauthorized, because the Debtor used the cash
collateral solely for the purpose of making monthly payments to BDM
Mortgage, Southwest Baptist has stipulated to the retroactive use
of the cash collateral.

The Debtor relates that it has an immediate use for the continued
use of the cash collateral to pay BDM Mortgage in order to stay
current on mortgage.  The Debtor further relates that because it is
using the cash collateral solely for the purpose of making monthly
payments to BDM Mortgage, Southwest Baptist has stipulated to the
use of the cash collateral for this purpose.

The Stipulation provides, among others, that:

     (1) the Debtor is authorized to use cash collateral to pay BDM
Mortgage the amount of $2,400 monthly;

     (2) the Debtor shall segregate any and all cash collateral in
a separate account maintained by the Debtor;

     (3) the Stipulation is retroactively effective for a period
starting April 28, 2016, until the date the Court approves the
Stipulation, and is effective prospectively until dismissal of the
bankruptcy;

     (4)  no liens, cash payments, or other adequate protection
will be provided to Southwest Baptist because Southwest Baptist's
interest is adequately protected.

A full-text copy of the Debtor's Motion, dated September 26, 2016,
is available at https://is.gd/4d68sA

                About St. Luke Baptist Church,
              dba St. Luke Holy Baptist Church.

Long Beach, California-based St. Luke Baptist Church, doing
business as St. Luke Holy Baptist Church, sought the Chapter 11
protection (Bankr. C.D. Cal. Case No. 16-15570) on Feb. 29, 2016.
The Debtor estimated assets in the range of $500,001 to $1,000,000
and $100,001 to $500,000 in debt.  The Debtor tapped Michele A.
Dobson, Esq. at the Law Offices of Michele A. Dobson as counsel.
The petition was signed by the Debtor's counsel.


STEINWAY MUSICAL: S&P Lowers CCR to 'B-'; Outlook Negative
----------------------------------------------------------
S&P Global Ratings lowered its corporate credit rating on New York
City-based Steinway Musical Instruments Inc. to 'B-' from 'B'.  The
outlook is negative.

At the same time, S&P lowered its issue-level rating on the
company's existing $305 million first-lien term loan due 2019 to
'B-' from 'B'.  The recovery rating remains unchanged at '3',
indicating S&P's expectation for meaningful recovery (50%-70%, at
the low end of the range) in the event of a payment default.

Reported debt outstanding as of June 30, 2016, was about
$343 million.

"The downgrade reflects our opinion that operating performance
likely will not materially improve until 2017, possibly leading to
a near-term financial covenant default in the next three quarters,"
said S&P Global Ratings credit analyst Stephanie Harter.

The negative outlook reflects S&P Global Ratings' view that
Steinway will require covenant relief in the form of a credit
agreement waiver or amendment, or an equity cure from its owner in
the next few quarters because of upcoming step-downs in the net
total leverage covenant.  S&P could lower its ratings if business
conditions weaken, such that the company's currently healthy levels
of EBITDA interest cover fall well below 2x, or if liquidity
becomes more constrained, possibly because the company's covenant
troubles lead to less borrowing capacity.

Alternatively, S&P could raise the rating if Steinway's operating
performance improves above our expectations, resulting in covenant
cushion approaching 15%.  This scenario could occur if further
cost-reduction programs and improved sales mix of grand pianos
resulted in an increase of at least 15% in EBITDA and close to
$20 million in free cash flow that is sustained beyond 2017.
Otherwise, S&P estimates that the company would have to reduce debt
by about $45 million over the next year to restore its covenant
cushion, which in S&P's opinion is highly unlikely.



STEPHEN ELTON LEACH: Unsecureds To Recoup 50% Under Plan
--------------------------------------------------------
Stephen Elton Leach and Sheila Kay Leach filed with the U.S.
Bankruptcy Court for the Northern District of Texas a second
amended disclosure statement dated Sept. 12, 2016.

Under the Plan, Class 16, which consists of the non-priority
allowed unsecured claims, is impaired.  The proof of claims filed
or scheduled indicates total claim of approximately $472,469.25.  

Holders of these claims will be paid 50% of their allowed claim
over 60 months starting 30 days after the Effective Date of the
Plan or the entry of a court order (that has become final) allowing
the claim or claims, whichever occurs last.  Interest at the
Federal Judgment rate, determined on the later of the Effective
Date or the entry of a final court order on the claim, will be paid
on each allowed Class 16 claims.  

The funds necessary for the satisfaction of the claims will be
generated from the liquidation and refinance of certain assets, and
from the Debtor future income.

The Debtors believe that the two lots on which the Bank of Texas
has a lien can be liquidated and has proposed to market them and
pay interest only on the debt until the lots are sold.  The lots
will be appraised and marketed.  The Point Restaurant in West Fort
Worth is also the subject of sale, hopefully to Steve Leach's
partner, Carter Smith.  In the event that the Debtors' non-exempt
assets or income are not sufficient to fund the Plan or portions
thereof the Debtors may choose to liquidate portions of their
exempt IRA or pension plans to fund their obligations under the
Plan.

The Debtors intend to cause the acquisition of the debt owed to
Wells Fargo on Saginaw StorageKing Old Decatur Rd, LP, by Advantage
for between $$2.36 million and $2.4 million (approximately) within
90 days or sooner of the Effective Date of
the Plan.

The Second Amended Disclosure Statement is available at:

          http://bankrupt.com/misc/txnb15-43307-216.pdf

                  About the Debtors

Stephen Elton Leach and Sheila Kay Leach have been married for 34
years.  Steve has flown for American Airlines for over 30 years and
is presently a captain flying international routes on the Boeing
777 airplane.  Steve will be taking mandatory retirement the third
week of October 2017, when he reaches 65.

The Debtors sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. N.D. Tex. Case No. 15-43307) on Aug. 17, 2015.

The Debtors are represented by St. Clair Newbern, III, Esq., at the
Law Offices of St. Clair Newbern, III.


STEREOTAXIS INC: Announces Multiple Positive Strategic Updates
--------------------------------------------------------------
Stereotaxis, Inc., has signed definitive agreements for multiple
transactions that significantly strengthen the Company's financial
position and help accelerate and enhance its strategic market
growth initiatives.  These transactions include an equity financing
of $24 million, the satisfaction in full of outstanding debt to
Healthcare Royalty Partners for a payment of $13 million, and the
addition to the board of three new directors with significant
operational and financial experience in the medical device
industry.

"We are very pleased to have the support of these esteemed
institutional and individual investors as we continue to pioneer
and bring the advantages of high levels of automation to complex
cardiac ablation procedures," said William C. Mills, Stereotaxis
chief executive officer and chairman.  "Moreover, we are excited to
work closely with each of the new board members, who bring with
them a fresh perspective and a proven ability to build strong
businesses and clinically meaningful technologies that create value
for patients, clinicians and shareholders.  The confidence each of
these investors has demonstrated through significant commitments
further validates the potential we see for Stereotaxis to become
the standard of care in an expanding market of procedures that can
be improved by our technology."

Equity Investment

Stereotaxis will receive a $24 million upfront investment upon the
issuance of convertible preferred stock with a conversion price of
$0.65, a 10% premium to Sept. 26, 2016's closing price and a 6%
premium to the 10-day volume-weighted average price.  The Company
will have the opportunity to receive up to an additional $25.8
million in the future upon the exercise of warrants.  The private
placement is expected to close this week subject to standard
closing conditions.  Additional details regarding the offering is
available for free at goo.gl/LjCeAM

The investment is co-led by DAFNA Capital Management, LLC and Mr.
Joe Kiani.  DAFNA Capital is an SEC registered investment advisor
with a highly successful investment track record of over 17 years
focused on compelling innovations in biotechnology and medical
devices.  Mr. Kiani is the founder, chief executive officer and
chairman of Masimo, a global medical device company and leader in
noninvasive patient monitoring technologies.  He has led Masimo
from inception in 1989 to a company with 2015 revenue of $630
million, 2015 operating income of $120 million, and a current
market capitalization of near $3 billion.

"We look at hundreds of companies every year, and more specifically
have followed the range of innovations in medical robotics and
arrhythmia ablation technologies for many years," said David
Fischel, Principal at DAFNA Capital.  "Stereotaxis stands out in
terms of the discrepancy between the value of its technically
complex products with proven clinical benefit and its valuation.
We are glad that this financing will provide the company the
opportunity to execute on its innovation and growth initiatives.  I
look forward to working with the Stereotaxis team to realize their
full potential."

"When I was introduced to Stereotaxis it reminded me in some ways
of Masimo in our early years -- a highly sophisticated technology
with the potential to significantly improve patient outcomes, but
struggling through the difficulties of being a small company
commercializing in the complicated healthcare ecosystem," said Mr.
Kiani.  "I look forward to contributing to the effort to make
robotic navigation available to electrophysiologists and arrhythmia
patients, and to helping make Stereotaxis a highly successful
company."

Additional investors in the financing include clients of Arbiter
Partners Capital Management, Chi-Rho Financial, GLL Investors, Mr.
Andrew Redleaf, and Stereotaxis incoming board member Dr. Arun
Menawat and existing board member Mr. Fred Middleton.

Board of Directors

In connection with this investment, Mr. Joe Kiani, Arun Menawat,
Ph.D., and Mr. David Fischel will join the Stereotaxis Board of
Directors, effective immediately at closing.

Mr. Kiani, as described previously, is the founder and CEO of
Masimo, a global leader in innovative noninvasive monitoring
technologies.  In 2010, Mr. Kiani and Masimo created the Masimo
Foundation for Ethics, Innovation, and Competition in Healthcare,
which is dedicated to encouraging and promoting activities that
improve patient safety and deliver advanced healthcare worldwide.
Mr. Kiani earned both his bachelor's and master's degrees in
electrical engineering from San Diego State University.

Dr. Menawat is CEO of Profound Medical Inc., a medical device
company that is driving commercialization of real-time MRI-guided
ablation treatment for prostate cancer.  Prior to that, he was CEO
of Novadaq Technologies Inc.  Under his 13-year tenure at Novadaq,
he transformed the company from a small private pre-commercial
company into the leader in intraoperative imaging and was
instrumental in signing strategic partnerships with companies
including Intuitive Surgical, LifeCell, and KCI.  Dr. Menawat
earned a Ph.D. in Chemical Engineering from the University of
Maryland and an Executive MBA from the J.L. Kellogg School of
Management, Northwestern University.

Mr. Fischel has served as DAFNA Capital's primary portfolio manager
for medical device investments for over eight years.  Prior to
joining DAFNA Capital, he was a research analyst at SCP Vitalife, a
healthcare venture capital fund.  Mr. Fischel completed his B.S.
magna cum laude in Applied Mathematics with a minor in Accounting
at the University of California at Los Angeles and received his MBA
from Bar-Ilan University in Tel Aviv.  He is a Certified Public
Accountant, Chartered Financial Analyst and Chartered Alternative
Investment Analyst.

Retirement of Debt

Stereotaxis has agreed with its creditor Healthcare Royalty
Partners to satisfy in full its debt obligations for a payment of
$13 million.  The principal value of that debt stood at $18.4
million as of June 30, 2016 and carried a 16% interest rate.

"We intend over the coming months to explore additional debt
funding on terms significantly more attractive than our previous
royalty-backed debt," said Mr. Mills.  "We believe that this
funding, combined with our strong new balance sheet resulting from
the transactions described today, should provide us with the
opportunity to achieve profitability given our global growth
initiatives."

                        About Stereotaxis

Based in St. Louis, Missouri, Stereotaxis, Inc., is a manufacturer
and developer of a suite of navigation systems in interventional
surgical procedures.  The Company's Epoch Solution is used in the
treatment of arrhythmias and coronary artery disease.

Stereotaxis reported a net loss of $7.35 million on $37.7 million
of total revenue for the year ended Dec. 31, 2015, compared to a
net loss of $5.20 million on $35.01 million of total revenue for
the year ended Dec. 31, 2014.

As of June 30, 2016, Stereotaxis had $16.25 million in total
assets, $37.92 million in total liabilities and a total
stockholders' deficit of $21.66 million.

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


STEREOTAXIS INC: Completes Private Placement of $24 Million
-----------------------------------------------------------
Stereotaxis, Inc., has closed its previously announced private
placement equity financing with a select group of institutional and
other accredited investors, including both new and existing
investors.  The private placement consists of 24,000 shares of
convertible preferred stock and warrants to purchase an aggregate
of 36,923,077 shares of common stock for total gross proceeds of
$24 million before expenses.

Each preferred share is convertible at the option of the holder
from and after the original date of issuance, at an initial
conversion price of $0.65 per share.  The warrants have an initial
exercise price equal to $0.70 per share and may be exercised at any
time up to and including the fifth anniversary of the
Sept. 29, 2016, closing date.

As part of the transaction, Stereotaxis used $13 million of the
proceeds from the sale of the preferred shares and warrants in the
offering to satisfy in full all amounts outstanding under the
Company's loan agreement with Healthcare Royalty Partners II, L.P.

The investment is co-led by DAFNA Capital Management, LLC and Mr.
Joe Kiani, founder, chief executive officer and chairman of Masimo,
a global medical device company.

The securities offered in this private placement transaction have
not been registered under the Securities Act of 1933, as amended,
or applicable state securities laws, and unless so registered, any
such securities may not be offered or sold except pursuant to an
exemption from the registration requirements of the Securities Act
and applicable state securities laws.  The Company has agreed to
file a registration statement with the SEC covering the resale of
the shares issuable upon conversion of the preferred stock and upon
exercise of the warrants sold in this private placement.

                        About Stereotaxis

Based in St. Louis, Missouri, Stereotaxis, Inc., is a manufacturer
and developer of a suite of navigation systems in interventional
surgical procedures.  The Company's Epoch Solution is used in the
treatment of arrhythmias and coronary artery disease.

Stereotaxis reported a net loss of $7.35 million on $37.7 million
of total revenue for the year ended Dec. 31, 2015, compared to a
net loss of $5.20 million on $35.01 million of total revenue for
the year ended Dec. 31, 2014.

As of June 30, 2016, Stereotaxis had $16.25 million in total
assets, $37.92 million in total liabilities and a total
stockholders' deficit of $21.66 million.

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


SUCN. PEDRO: Taps Luis R. Carrasquillo as Financial Consultant
--------------------------------------------------------------
Sucn. Pedro Bigay Inc. seeks approval from the U.S. Bankruptcy
Court for the District of Puerto Rico to hire CPA Luis R.
Carrasquillo & Co., P.S.C. as its financial consultant.

The firm will assist the Debtor in the restructuring of its affairs
by providing advice on strategic planning; participate in
negotiations with creditors; and prepare the Debtor's plan of
reorganization and business plan.

The firm's professionals and their hourly rates are:

     Luis Carrasquillo, CPA             $175
     Marcelo Gutierrez, CPA             $125
     Other CPAs                   $90 - $125
     Lionel Rodriguez Perez              $90
     Carmen Callejas Echevarria          $85
     Alfredo Segarra                     $80
     Janet Marrero                       $45
     Iris Franqui                        $45

In a court filing, Mr. Carrasquillo disclosed that he and other
members of the firm are "disinterested persons" as defined in
section 101(14) of the Bankruptcy Code.

The firm can be reached through:

     Luis R. Carrasquillo
     CPA Luis R. Carrasquillo & Co., P.S.C.
     28th Street, #TI-26
     Turabo Gardens Avenue
     Caguas, PR 00725
     Phone: 787-746-4555 and 787-746-4556
     Fax: 787-746-4564
     Email: luis@cpacarrasquillo.com

                  About Sucn. Pedro Bigay Inc.

Sucn. Pedro Bigay Inc. filed a Chapter 11 bankruptcy petition
(Bankr. D.P.R. Case No. 16-00055) on January 8, 2016.  Jesus
Santiago Malavet, Esq., at Santiago Malavet and Santiago Law Office
initially served as bankruptcy counsel to the Debtor.  The firm
later resigned and the Debtor retained Carlos A. Piovanetti Dohnert
as counsel.


SUTHERLAND HOLDINGS: Wants to File Plan Together With Affiliate
---------------------------------------------------------------
Sutherland Holdings II, LLC requests the U.S. Bankruptcy Court for
the Middle District of Florida for an additional 60 days extension
of the time within which the Debtor has the exclusive right to
propose a plan of reorganization, without prejudice to the Debtor's
right to seek further extensions.

The Debtor's case is consolidated with that of its affiliate, Old
Tampa Bay Seafood Company, LLC, which is a small business debtor
and, accordingly, has 180-day exclusivity period during which to
propose a plan of reorganization.

Sutherland wants to file a plan and disclosure statement
simultaneously with its affiliate, which is not yet ready to file
its plan.

                       About Sutherland Holdings II, LLC

Headquartered in Saint Petersburg, Florida, Sutherland Holdings II,
LLC, filed for Chapter 11 bankruptcy protection (Bankr. M.D. Fla.
Case No. 16-04577) on May 26, 2016, estimating its assets at
between $1 million and $10 million and liabilities at between
$100,000 and $500,000.  The petition was signed by Brian Storman,
managing member.

Jake C Blanchard, Esq., at Blanchard Law, P.A., serves as the
Debtor's bankruptcy counsel.


SWORDS COMPANY: To Pay Unsecureds with 3.5% Interest in 24 Mos.
---------------------------------------------------------------
Swords Group LLC submitted to the U.S. Bankruptcy Court for the
Middle District of Tennessee a Plan of Reorganization and
accompanying Disclosure Statement, which proposes to pay general
unsecured claims in full as scheduled by the Debtor with 3.5%
interest by way of 24 monthly installments.

Insider unsecured claims will be entitled to a pro rata
distribution of 50% of the net proceeds of any sale of the Debtor's
properties during the life of the Plan -- provided that such
distributions will be made after the payment of other tax claims,
secured claims and general unsecured claims.

Swords Group is a real estate holding company.  It owns five
parcels of real property as of the Petition Date -- four of which
include warehouses leased to related entities and one is an
undeveloped lot.  It filed for bankruptcy as business suffered
financial setbacks.

The Debtor intends to fund the Plan from cash generated from the
continued leasing of real property and the sale of its Properties.

A full-text copy of the Disclosure Statement dated Sept. 16, 2016
is available at http://bankrupt.com/misc/tnmb16-03837-60.pdf

The Debtor is represented by:

     Alex Payne, Esq.
     Griffin S. Dunham, Esq.
     DUNHAM HILDEBRAND, PLLC
     2510 Franklin Pike, Suite 210
     Nashville, Tennessee 37204
     Tel: 615-933-5850
     E-mail: griffin@dhnashville.com
             alex@dhnashville.com

                        About Swords Group

Swords Group, LLC sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. M.D. Tenn. Case No. 16-03837) on May 26,
2016.  The petition was signed by Jerry Swords, president.  

The Debtor is represented by Griffin S. Dunham, Esq., at Dunham
Hildebrand, PLLC.  The case is assigned to Judge Marian F.
Harrison.

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


T3 MOTION: Dismisses KMJ Corbin as Accountants
----------------------------------------------
T3 Motion, Inc., notified KMJ Corbin & Company LLP on Sept. 26,
2016, that KMJ was dismissed as the Company's independent
registered public accounting firm.  The Company's Board of
Directors ratified and approved the decision to change its
Independent Accountant.

The reports of KMJ on the Company's consolidated financial
statements for the fiscal years ended Dec. 31, 2012, and Dec. 31,
2011, did not contain an adverse opinion or a disclaimer of opinion
and were not qualified or modified as to uncertainty, audit scope
or accounting principles, except KMJ issued a going concern
qualification in KMJ's reports regarding the Company's financial
statements as of, and for, the years ended Dec. 31, 2012, and Dec.
31, 2011, in which KMJ indicated conditions which raised
substantial doubt on the Company's ability to continue as a going
concern.  The Company is currently delinquent in its required
periodic report filings with SEC and is working toward filing those
reports as soon as possible.

During the fiscal years ended Dec. 31, 2012, and Dec. 31, 2011, and
during the subsequent interim period through the effective date of
KMJ's dismissal as the Company's Independent Accountant, the
Company: (i) had no disagreements with KMJ on any matter of
accounting principles or practices, financial statement disclosure
or auditing scope or procedure, which disagreements if not resolved
to the satisfaction of would have caused them to make reference to
this subject matter of the disagreements in connection with their
report on the Company's financial statements for such periods; and
(ii) there were no "reportable events" as such term as described in
Item 304(a)(1)(v) of Regulation S-K, promulgated under the
Securities Exchange Act of 1934, as amended, except that the
Company's internal control over financial reporting was not
effective due to the existence of material weaknesses in the
Company's internal control over financial reporting.  As disclosed
in the Company's Annual Report on Form 10-K for the fiscal year
ended Dec. 31, 2012, and Quarterly Reports on Form 10-Q for the
quarters ended March 31, 2013,
June 30, 2013, and Sept. 30, 2013:

   * The Company did not have written documentation of the
     Company's internal control policies and procedures.
     Management evaluated the impact of the Company's failure to
     have written documentation of the Company's internal controls
     and procedures on the Company's assessment of its disclosure
     controls and procedures and has concluded that the control
     deficiency represents a material control weakness.
       
   * The Company did not have sufficient segregation of duties
     within accounting functions, which is a basic internal
     control.  Due to the Company's size and nature, segregation
     of all conflicting duties may not always be possible and may
     not be economically feasible.  However, to the extent
     possible, the initiation of transactions, the custody of
     assets and the recording of transactions should be performed
     by separate individuals.  Management evaluated the impact of
     the Company's failure to have segregation of duties on its
     assessment of its disclosure controls and procedures and has
     concluded that the control deficiency represents a material
     control weakness.
       
   * The Company did not maintain sufficient accounting resources
     with adequate training in the application of Generally
     Accepted Accounting Principles commensurate with the
     Company's financial reporting requirements and the complexity
     of its operations and financing transactions, specifically
     related to the accounting and reporting of debt, equity, and
     derivative liabilities. Management evaluated the impact of
     this lack of sufficient technical accounting resources and
     has concluded that the control deficiency that resulted
     represented a material weakness.
       
   * Due to the Company's small size, the internal controls
     structure relies, in part, on the ability of senior
     management to review day-to-day operations and activities so
     as to identify potential sources of material misstatements,
     errors, and omissions and as an important component of
     preventative controls.  During 2012 and continuing into the
     first six months of 2013, the Company experienced significant
     turnover at the senior management level including the Chief
     Executive and Chief Financial Officers.  Management evaluated
     the impact of this turnover on the Company's controls and
     procedures and has concluded that the control deficiency that
     resulted represented a material weakness.
       
    * The Company did not have adequate Information Technology
      Controls (ITCs) or Information Technology General Controls
     (ITGCs).  ITCs are policies and procedures that relate to
      many applications and support the effective functioning of
      application controls by helping to ensure the continued
      proper operation of information systems.  The Company does
      not have IT policies and procedures documented.

KMJ discussed the material weaknesses in the Company's internal
control over financing reporting with the Audit Committee as
constituted at the time the Company filed the 2012 Form 10-K and
the 2013 Form 10-Qs.  The Company has authorized KMJ to respond
fully to the inquiries of our new Independent Accountant regarding
these material weaknesses.

On Sept. 26, 2016, the Company's Board of Directors approved the
appointment of TAAD LLP as the Company's new Independent Accountant
and ratified and approved the engagement letter executed by the
Company on Aug. 31, 2016, to engage TAAD LLP as its new Independent
Accountant.  During the two most recent fiscal periods ended Dec.
31, 2012, and Dec. 31, 2011, and in the subsequent interim period
preceding TAAD LLP’s engagement, the Company did not consult with
TAAD LLP on: (i) the application of accounting principles to a
specified transaction, either completed or proposed, or the type of
audit opinion that may be rendered on the Company's financial
statements, and TAAD LLP did not provide either a written report or
oral advice to the Company that was an important factor considered
by the Company in reaching a decision as to any accounting,
auditing, or financial reporting issue; or (ii) on any matter that
was either the subject of any disagreement, as defined in Item
304(a)(1)(v) of Regulation S-K and the related instructions, or a
reportable event within the meaning set forth in Item 304(a)(1)(v)
of Regulation S-K.

                         About T3 Motion

Costa Mesa, Calif.-based T3 Motion, Inc., develops and
manufactures T3 Series vehicles, which are electric three-wheel
stand-up vehicles that are directly targeted to the public safety
and private security markets.

T3 Motion reported a net loss of $21.5 million on $4.51 million
of net revenues for the year ended Dec. 31, 2012, as compared with
a net loss of $5.50 million on $5.29 million of net revenues
during the prior year.

"The Company has incurred significant operating losses and has
used substantial amounts of working capital in its operations
since its inception (March 16, 2006).  Further, at March 31, 2013,
the Company had an accumulated deficit of $(76,980,775) and used
cash in operations of $(1,614,252) for the three months ended
March 31, 2013.  These factors raise substantial doubt about the
Company's ability to continue as a going concern for a reasonable
period of time," according to the Company's Form 10-Q for the
period ended March 31, 2013.

The Company's balance sheet at Sept. 30, 2013, showed $2.50
million in total assets, $11.32 million in total liabilities and a
$8.81 million total stockholders' deficit.


TANDOORI AT TRANSIT: Have Until Dec. 31 to Use Cash Collateral
--------------------------------------------------------------
Judge Carl L. Bucki of the U.S. Bankruptcy Court for the Western
District of New York authorized Tandoori at Transit, Inc. and Ravi
R. Sabharwal to use cash collateral on an interim basis, through
December 31, 2016.

Secured Creditors Internal Revenue Service, the New York State
Department of Taxation and Finance, Rewards Network Establishment
Services Inc., Foxtrot Capital, and Tango Capital have or claim
liens on the cash collateral.

The Secured Creditors were granted rollover replacement liens in
the Debtors' post-petition assets, of the same relative priority
and on the same types and kinds of collateral as they possessed
pre-petition, as the same may ultimately be determined, to the
extent of cash collateral actually used, effective as of the
Petition Date.

The Debtors were directed to make adequate protection payments to
the IRS in the amount of $500 every other week, commencing on March
22, 2016, and the New York State Department of Taxation and Finance
in the amount of $500 every other week, commencing on March 29,
2016.

A further hearing on the Debtors' use of cash collateral after Dec.
31, 2016, is scheduled on Dec. 19, 2016 at 10:00 a.m.

A full-text copy of the Interim Order, dated Sept. 26, 2016, is
available at https://is.gd/vRFEki

                  About Tandoori at Transit

Tandoori at Transit, Inc. is based in Williamsville, New York, and
operates a restaurant and banquet hall facilities serving Royal
Indian cuisine.  It sought Chapter 11 protection (Bankr. W.D. N.Y.
Case No. 16-10413) on March 7, 2016.

Ravi Sabharwal, vice-president of Tandoori at Transit, sought
Chapter 11 protection (Bankr. W.D.N.Y. Case No. 16-10362) on Feb.
29, 2016.  His wife, Rita Sabharwal, owns 100 percent of the stock
and is the chief executive officer of Tandoori at Transit.  

On March 28, 2016, the court ordered the joint administration of
the cases.  The Debtors are represented by Daniel F. Brown, Esq.,
at Andreozzi, Bluestein, Weber, Brown, LLP.

At the time of filing, Tandoori at Transit estimated $50,000 to
$100,000 in assets and
$1 million to $10 million in debt.


TEXARKANA ARKANSAS: Can Use MSB, SBA Cash on Interim Basis
----------------------------------------------------------
Judge Richard D. Taylor of the U.S. Bankruptcy Court for the
Western District of Arkansas authorized Texarkana Arkansas
Hospitality, LLC, to use the cash collateral of Midsouth Bank and
the U.S. Small Business Administration, on an interim basis.

The approved Budget covers a three-month period from September 2016
to November 2016.  The Budget provides for total expenses in the
amount of $77,415 for September 2016; $81,377 for October 2016; and
$74,299 for November 2016.

Judge Taylor acknowledged that an immediate and critical need
exists for the Debtor to obtain funds in order to continue the
operation of its business.  He further acknowledged that without
such funds, the Debtor will not be able to pay its direct operating
expenses and obtain goods and services needed to carry on its
business during this sensitive period in a manner that will avoid
irreparable harm to the Debtor's estate.  Judge Taylor added that
at this time, the Debtor's ability to use Cash Collateral is vital
to the confidence of the Debtor's vendors and suppliers of the
goods and services, to the customers and to the preservation and
maintenance of the going concern value of the Debtor's estate.

The Debtor is indebted to Midsouth Bank in the amount of
$2,331,123, plus additional charges, fees, attorney's fees, costs,
and interest, which continue to accrue.  Midsouth Bank has valid,
binding, and enforceable first priority liens on and security
interests in the Debtor's pre- and post-petition cash collateral.

The U.S. Small Business Administration may also claim that
substantially all of the Debtor's assets are subject to the
pre-petition liens of the U.S. Small Business Administration,
including liens on rents.

Midsouth Bank and the U.S. Small Business Administration were
granted post-petition liens co-extensive with their prepetition
liens in all currently owned or after acquired property and assets
of the Debtor.  They were also granted replacement liens and
security interests, co-extensive with their prepetition liens.

The Debtor was directed to make monthly adequate protection
payments to Midsouth Bank in the amount of $15,741, plus 20% of the
gross revenue exceeding $85,000 in monthly total gross revenue.
The percentage will be applied by Midsouth Bank towards the curing
of the arrearage of $86,660 until the arrearage is extinguished.

The final hearing on the Debtor's use of cash collateral is
scheduled on Oct. 12, 2016 at 9:00 a.m.

A full-text copy of the Interim Order, dated Sept. 26, 2016, is
available at https://is.gd/UBfPh8

Midsouth Bank is represented by:

          J. Brad Moore, Esq.
          FREDERICK S. WETZEL, III, P.A.
          200 North State Street, Suite 200
          Little Rock, AR 72201
          Telephone: (501) 663-0535

            About Texarkana Arkansas Hospitality

Texarkana Arkansas Hospitality, LLC, doing business as Comfort
Suites, filed a Chapter 11 petition (Bankr. E.D. Ark. Case No.
16-14556) on Aug. 30, 2016.  Sukhpal Singh, member, signed the
petition.  Joyce W. Lindauer, Esq., at Joyce W. Lindauer Attorney,
PLLC, serves as the Debtors' counsel.  The Company estimated both
assets and liabilities at $1 million to $10 million.


TIBER PARTNERS: Trustee Amends Application to Hire Accountant
-------------------------------------------------------------
The Chapter 11 trustee of Tiber Partners, LLC filed with the U.S.
Bankruptcy Court for the Eastern District of Virginia an amended
application to hire Robert Hansen as its accountant.

In the amended application, Peter Barrett disclosed that aside from
bookkeeping and preparing tax returns and monthly operating
reports, Mr. Hansen will also review, analyze and provide
recommendations regarding the tax consequences of certain
transactions the trustee seeks to enter into.

Mr. Hansen will be paid an hourly rate of $250 for his services,
according to the court filing.

                      About Tiber Partners

An involuntary bankruptcy petition under Chapter 7 of the
Bankruptcy Code (Bankr. E.D. Va.) was filed against Tiber Partners,
LLC on April 22, 2016. The court converted the Chapter 7 case to a
proceeding under Chapter 11 (Case No. 16-32028) on June 14, 2016.

On June 20, 2016, Peter J. Barrett was appointed to serve as the
Chapter 11 trustee for the Debtor's bankruptcy estate.

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


TOLL ROAD II: Fitch Affirms 'BB+' Rating on $1BB Revenue Bonds
--------------------------------------------------------------
Fitch Ratings has affirmed the 'BB+' rating for Toll Road Investors
Partnership II (TRIP II, the partnership) Dulles Greenway project's
approximately $1 billion in outstanding revenue bonds series 1999
and 2005.  The Rating Outlook is Stable.

                          KEY RATING DRIVERS

The rating reflects Dulles Greenway's susceptibility to demand
volatility due to non-tolled alternate routes within Loudoun
County.  TRIP II currently benefits from short-term rate-making
predictability via scheduled, above-inflationary annual toll
increases per the Virginia Highway Corporation Act, subject to
annual approval by the Virginia State Corporation Commission (SCC)
through 2020.  Credit quality could be compromised beyond 2020 as
TRIP II's financial profile relies on toll increases, with an
estimated revenue growth breakeven of 1.03% through debt maturity
in 2056.  TRIP II's back-loaded debt structure is mitigated by the
partnership's early redemption debt service schedule, cash-trap
triggers, and healthy reserve balances.  The rating case financial
profile reflects narrow 10-year average debt service coverage
ratios (DSCRs) of 1.24x and relatively high five-year leverage of
12.67x net debt to cash flow available for debt service.

Revenue Risk - Volume: Midrange
Healthy Service Area with Competition: Dulles Greenway benefits
from a primarily commuter base with very minimal exposure to
commercial traffic within the economically strong metro DC service
area.  The road has, however, experienced a sizable amount of
traffic volatility, with a peak-to-trough of roughly -24%, as a
result of the Great Recession, some elasticity to toll increases,
and several non-tolled alternatives existing in the vicinity.  The
Greenway's toll rates are higher than most peers at $0.37 peak per
mile, though comparable to privately-owned peers within similar,
healthy service areas.

Revenue Risk - Price: Midrange
Short-Term Rate-Making Predictability: TRIP II's short-term
financial position is somewhat stabilized by the current
legislation, which provides for annual, above-inflationary toll
increases through 2020.  TRIP II's history of raising rates above
inflation despite political issues is viewed positively.
Rate-making ability beyond 2020 could, however, be constrained in
the event a similar tolling arrangement is not obtained.

Infrastructure Development & Renewal: Midrange
Manageable Capital Works: Dulles Greenway's six-year, $16.8 mil.
cash-funded capital plan is manageable, with roughly 80% of the
plan allocated to repaving.  TRIP II's ability to recover capital
expenses via toll increases is somewhat constrained given the
current rate framework, though largely mitigated by the Greenway's
status as a young, simple asset with minimal commercial traffic
exposure and no near-term capacity constraints, which should
provide for marginal capital needs.

Debt Structure: Midrange
Back-loaded Debt, Flexible Amortization Schedule: TRIP II's debt
structure features fixed-rate, senior debt with several bullet
maturities.  The back-loaded debt structure is largely offset by
the mandatory early redemption feature, which effectively smooths
the partnership's debt service profile to gradually escalate at a
40-year compounded annual growth rate (CAGR) of 0.76% rather than
balloon.  Missing an early redemption payment is not an event of
default, though deferral of planned early redemptions could cause
debt obligations to balloon; however, this risk is partially
mitigated by the requirement to annually trap excess revenue when
the 1.25x DSCR (including early mandatory redemptions) rate
covenant is breached.

Financial Metrics
High Leverage, Narrow Coverage: TRIP II's rating case financial
profile is comparatively weaker, characterized by high leverage and
narrow DSCRs.  Weaker financial metrics coupled with recent and
potential near-term rate covenant breaches are inconsistent with
investment grade.  Unrestricted cash and O&M reserve balances of
nearly $8 million or 165 days cash on hand somewhat mitigate TRIP
II's weaker debt metrics.

Peer Group: Dulles Greenway's peers include similar commuter-based
facilities such as North Carolina Turnpike Authority's Triangle
Expressway System (Triangle Expressway, rated
'BBB-'/Outlook Stable) and San Joaquin Hills Transportation
Corridor Agency (SJHTCA, 'BBB-'/'BB+'/Outlook Stable).  Triangle
Expressway and SJHTCA's higher senior ratings reflect higher
rating-case average coverage levels of 1.41x (on a minimum loan
life coverage ratio, LLCR, basis) and 1.44x, respectively.

                        RATING SENSITIVITIES

Negative: Underperformance of traffic, revenue or maintenance of
expenses which decrease DSCRs below 1.2x over a prolonged period
could pressure the rating.

Negative: Changes in the pricing regime resulting in reduced
overall tolls and/or below inflationary toll increases could
pressure the rating.

Positive: Continued improvement in traffic growth which increases
DSCRs to the 1.4x - 1.5x range on a sustained basis could result in
positive rating action.

                          SUMMARY OF CREDIT

Fiscal 2015 (ended December 31) traffic grew a healthy 5.4%, to
18.7 million transactions, and is currently up an additional 6.0%
through August.  Positive developments in traffic are driven by
improving economic conditions, lower fuel prices and an increase in
construction-related traffic along the southern portion of the
road, where Phase II of the Silver Line, the new segment of
Washington DC's Metrorail, is currently being built.  Fitch expects
traffic growth on the Greenway to be more modest once the Silver
Line is completed by 2020, though the new Metrorail line is not
expected to draw a material amount of traffic from the Greenway
given comparable expected fares and limited overlap of the Greenway
and the Silver Line, making transfer from the Greenway to the
Metrorail somewhat inconvenient for drivers considering the likely
flow of traffic.

The Greenway has continued to benefit from toll rate increases
above inflation, at roughly 2.5% in 2015 and 2.8% in 2016.  Revenue
grew a robust 8% in 2015 and is currently up approximately 9.3%
through August as a result of traffic growth and toll increases.
Fitch has assumed an average toll increase of 2.8% alongside a
conservative traffic growth assumption of 3% in 2016, translating
to an expectation of 6% revenue growth for the year. Operating
expenses grew 9.9% in 2015, due to increases in property taxes and
increase in electronic toll and credit card processing fees.
Operating expenses through August have remained relatively flat,
which management attributes to utilizing salt inventory from
purchases made in 2015.  Fitch expects that operating expenses
should grow at a rate slightly above inflation going forward, and
has assumed 2.8% expense growth in 2016 for conservatism.

In early September, the Virginia Supreme Court ruled that toll
increases will continue to be allowed on the Greenway despite
politician's claims that tolls were excessive and contributed to
congestion within Loudoun County.  The Supreme Court's ruling
provides comfort that tolls will continue to increase through 2020
per the current legislature, subject to annual approval by the SCC,
though rate increases beyond 2020 remain uncertain.

Fitch's base case assumes gradual erosion of traffic growth from
2016 through debt maturity in 2056, from 1% to 0%, reflecting a
maturing system.  Average tolls are assumed to increase by 3%
through 2020 per the current agreement, with inflationary growth of
roughly 2% assumed thereafter.  Operating expenses are assumed to
grow 2.8% through 2056.  Fitch's rating case assumes gradual
erosion of traffic growth at half the rate of the base case,
average toll increases of 2.5% through 2020 with 1.5% growth
thereafter, and operating expense growth 50 bps higher than the
base case.  Assumptions for both cases are appropriately
conservative given historical trends amid potential volatility.

Fitch's base and rating case yield 10-year average indenture DSCRs
of 1.31x and 1.24x, minimum LLCRs of 1.51x and 1.24x, and five-year
leverage of 11.99x and 12.67x, respectively.  In comparison to
Fitch's toll road criteria guidance for standalone facilities, TRIP
II's projected rating-case coverage is below the minimum threshold
of 1.4x and rating-case leverage is above the 10x threshold for the
'BBB' category.  TRIP II's relative financial weakness, evidenced
by repeated failure to meet the 1.25x DSCR rate covenant, and the
absence of a long-term legal contract which allows for periodic
toll increases above inflation, remain key credit concerns which
constrain the rating below investment grade. Inability of the
partnership to obtain a similar tolling agreement once the current
arrangement expires in 2020 could pressure the rating, given TRIP
II's expected reliance on toll rate increases of at least 1.5% - 2%
(assuming modest traffic growth) to maintain its current financial
position.

TRIP II is the special purpose company that owns the Dulles
Greenway.  The Dulles Greenway is a six-lane, 14-mile, limited
access toll highway in Loudoun County, Virginia, a suburb of
Washington, DC, connecting Dulles International Airport with US-15
in Leesburg.  It serves as an extension of the state-owned Dulles
Toll Road, which connects Dulles Airport and other high density
employment centers in the corridor to the rest of the Washington
metropolitan area.  The two toll roads connect at a toll plaza,
where drivers pay a single toll that is allocated to the two
operators.

                            SECURITY

The senior bondholders have a first priority lien on the security
interest within the Trust Estate which includes all of the rights
to net revenue, real estate interest, rights under the easements
and rights, title and interest in the equipment.


TORTIA INVESTMENTS: Voluntary Chapter 11 Case Summary
-----------------------------------------------------
Debtor: Tortia Investments, LLC
        330 Day Rd.
        Gilroy, CA 95020

Case No.: 16-52798

Nature of Business: Single Asset Real Estate

Chapter 11 Petition Date: September 29, 2016

Court: United States Bankruptcy Court
       Northern District of California (San Jose)

Judge: Hon. Dennis Montali

Debtor's Counsel: Charles B. Greene, Esq.
                  LAW OFFICES OF CHARLES B. GREENE
                  84 W Santa Clara St. #800
                  San Jose, CA 95113
                  Tel: (408) 279-3518
                  E-mail: cbgattyecf@aol.com
                          cbgreeneatty@gmail.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by David Tortia, managing 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/canb16-52798.pdf


TOWERSTREAM CORP: Stockholders OK Issuances of Common Shares
------------------------------------------------------------
A special meeting of the stockholders of Towerstream Corporation
was held on Sept. 28, 2016.  A total of 2,429,429 shares of common
stock, constituting a quorum, were present and accounted for at the
Special Meeting.  At the Special Meeting, the Company's
stockholders approved these proposals:

  (i) In accordance with NASDAQ Listing Rule 5635(d), the
      potential issuance in excess of 20% of the Company's
      outstanding shares of common stock in one or more non-public
      offerings, where the discount at which securities will be
      offered will be equivalent to a maximum discount of 30%
      below the market price of the Company's common stock.

(ii) In accordance with NASDAQ Listing Rule 5635(d), the
      potential issuance in excess of 20% of the Company's
      outstanding shares of common stock in one or more non-public
      offerings, where the discount at which securities will be
      offered will be equivalent to a maximum discount of 20%
      below the market price of the Company's common stock.

(iii) Approval of any change of control that could result from the
      potential issuance of securities in the non-public offerings
      following approval of Proposal 1 or Proposal 2, as required
      by and in accordance with Nasdaq Marketplace Rule 5635(b).

(iv) Approval of the Company's 2016 Equity Incentive Plan,
      including the reservation of 682,000 shares of common stock
      thereunder.

                  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.


TRAFALGAR POWER: Court Confirms Chapter 11 Plan of Liquation
------------------------------------------------------------
The Hon. Diane Davis of the U.S. Bankruptcy Court for the Northern
District of New York approved on a final basis Trafalgar Power
Inc., et al.'s disclosure statement explaining their plan of
liquidation.

Judge Davis also confirmed the Debtors' Plan of Liquidation, as
amended by the incorporation of a stipulation resolving the
administrative expense claims of Marina Development, Inc.

Prior to the filing of the Plan, Marina filed a motion requesting
allowance of her administrative expense claim for $2,412,770.
Consequently, Marina filed an Amended Motion seeking to add
$285,000 so that the total requested Administrative Expense claim
is now $2,697,770.   The United States Trustee objected to the
Motions.

The US Trustee's Objection is the only objection to confirmation of
the Plan received by the Debtors.

On September 6, 2016, the Debtors, the UST and Marina reached an
agreement to resolve the issues related to the Administrative
Expense Motions for purposes of confirmation of the Plan which
provides for alternative plan treatment for the Marina
Administrative Expense Claim, subject to certain terms and
conditions.    

The Marina Stipulation provides that Marina will not be paid under
the Plan, but will not be discharged.

The Debtor amends paragraphs 2.1, 4.3, 4.5 and Article VIII of the
Plan and related provisions regarding the treatment of the Marina
Administrative Expense Claim and incorporates the terms of the
Marina Stipulation.

The Stipulation further provides that all pending motions to
dismiss the ongoing Adversary Proceedings related to this case and
the motion to dismiss the Christine Falls case are granted.

The Plan Amendment does not rise to the level of materiality that
would require the re-noticing or the re-balloting of the Plan.  The
Plan Amendment also resolves the UST's Objection.

As reported by the Troubled Company Reporter on Aug. 31, 2016, the
Debtors' Chapter 11 plan of liquidation proposes to pay in full
general unsecured non-insider claims.  Class 4 general unsecured
non-insider creditors will be paid a 100% dividend, without
interest.  Full payments to Class 4 creditors will be made from
Trafalgar's account within 30 days after the liquidating plan takes
effect.  As of July 1, 2016, the balance in the account is
approximately $5.1 million.

                    About Trafalgar Power

Trafalgar Power Inc. and its two affiliates sought Chapter 11
protection with the U.S. Bankruptcy Court for the Eastern District
of North Carolina on Aug. 27, 2001.  

Trafalgar is represented by Wendy A. Kinsella, Esq., at Harris
Beach PLLC.

The cases were transferred to the U.S. Bankruptcy Court for the
Northern District of New York by order of the court dated Dec. 13,
2001.  The cases are jointly administered under Case No. 01-67457.


TRANS ENERGY: Incurs $13.8 Million Net Loss in First Quarter
------------------------------------------------------------
Trans Energy, Inc. filed with the Securities and Exchange
Commission its quarterly report on Form 10-Q disclosing a net loss
of $13.9 million on $2.49 million of total operating revenues for
the three months ended March 31, 2016, compared to net income of
$2.66 million on $4.42 million of total operating revenues for the
three months ended March 31, 2015.

As of March 31, 2016, Trans Energy had $85.9 million in total
assets, $137 million in total liabilities and a total stockholders'
deficit of $50.7 million.

"Historically, we have satisfied our working capital needs with
operating revenues, borrowed funds and the proceeds of acreage
sales.  At March 31, 2016, we had negative working capital of
$122,424,766 compared to negative working capital of $116,988,273
at December 31, 2015.  The decrease in working capital is primarily
due to the fact that interest has been added to the principal
balance of our notes payable in 2016.

During the first three months of 2016, net cash used in operating
activities was $1,107,703 compared to net cash provided of
$3,609,750 for the same period of 2015.  This decrease in cash flow
from operations was primarily due to the net loss in 2016, increase
in accounts receivable, and decrease in accounts payable, offset by
increase in depreciation, depletion and amortization and interest
and legal expense added to principal.

"Excluding the effects of significant unforeseen expenses or other
income, our cash flow from operations fluctuates primarily because
of variations in oil and gas production and prices, or changes in
working capital accounts and actual well performance.  In addition,
our oil and gas production may be curtailed due to factors beyond
our control, such as downstream activities on major pipelines
causing us to shut-in production for various lengths of time.

"During the first three months of 2016, net cash provided by
investing activities was $972,293 compared to net cash used of
$7,110,281 for the same period of 2015.  The change was primarily
due to a change in ownership percentage due to unitization of
various leases, as well as a reduction in capital spending in 2016
compared to 2015.

"During the first three months of 2016, there was no cash activity
from financing activities compared to net cash provided of
$3,097,657 for the same period in 2015.  This change was primarily
due to an increase in debt to M3 Appalachia Gathering LLC as well
as stock issuances in 2015.

"As of September 30, 2016, the cash balance of the Company amounted
to approximately $407,000 and the Company continues to face
significant liquidity constraints in the short term.  Under the
terms of the Forbearance, the Company is limited on normal business
decisions as all transactions must be approved by the debtholder.
Additionally, as part of the Forbearance and in connection with the
strategic review process, the Company is currently looking to sell
certain of its oil and gas properties.

"We are in the process of analyzing various alternatives to enhance
our liquidity and capital structure including, divesting
nonstrategic assets, reducing costs, or engaging in similar type
activities.  Although management believes that it will be able to
obtain the necessary funding to allow the Company to remain a going
concern through the methods discussed above, there can be no
assurance that such methods will prove successful.  The
accompanying unaudited condensed consolidated financial statements
do not include any adjustments that might result from the outcome
of this uncertainty.  There is a substantial doubt about the
ability of the Company to continue as a going concern," the Company
stated in the report.

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

                        goo.gl/O8U2oZ

                     About Trans Energy

St. Mary's, West Virginia-based Trans Energy, Inc. (OTC BB: TENG)
-- http://www.transenergyinc.com/-- is an independent energy
company engaged in the acquisition, exploration, development,
exploitation and production of oil and natural gas.  Its
operations are presently focused in the State of West Virginia.

Trans Energy reported a net loss of $19.6 million on $12.4 million
of total operating revenues for the year ended Dec. 31, 2015,
compared to a net loss of $12.5 million on $27.2 million of total
operating revenues for the year ended Dec. 31, 2014.

Maloney + Novotny LLC, in Cleveland, Ohio, issued a "going concern"
qualification on the consolidated financial statements for the year
ended Dec. 31, 2015, citing that the Company has generated
significant losses from operations and has a working capital
deficit of $116,998,273 at Dec. 31, 2015, which together raises
substantial doubt about the Company's ability to continue as a
going concern.


TRANSPORT EXPRESS: Taps Accounting for Success as Accountant
------------------------------------------------------------
Transport Express, LLC seeks approval from the U.S. Bankruptcy
Court for the District of Colorado to hire an accountant.

The Debtor proposes to hire Accounting for Success to prepare its
tax returns for 2015, and provide general accounting services
including the preparation of its monthly operating reports.

The firm's professionals and their hourly rates are:

     Partner                $250
     Manager/Supervisor     $150
     Staff Accountant        $75

Loni Woodley, a certified public accountant employed with
Accounting for Success, disclosed in a court filing that the firm
does not hold any interest adverse to the Debtor's estate.

The firm can be reached through:

     Loni Woodley
     Accounting for Success
     116 Inverness Dr. E., Suite 205
     Englewood, CO 80112
     Phone: (719) 445-4422
     Email: loni.woodley@auerwoodley.com

                     About Transport Express

Transport Express, LLC operates a trucking business.  The Debtor
sought protection under Chapter 11 of the Bankruptcy Code (Bankr.
D. Colo. Case No. 16-14166) on April 28, 2016.  The petition was
signed by Russell T. Strobridge, manager.  

The case is assigned to Judge Elizabeth E. Brown.

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


TRITON FOODS: Trustee Taps Shulman Hodges as Legal Counsel
----------------------------------------------------------
Rosendo Gonzalez, the Chapter 11 trustee of Triton Foods Inc.,
seeks approval from the U.S. Bankruptcy Court for the Central
District of California to hire Shulman Hodges & Bastian LLP as his
legal counsel.

Shulman Hodges will provide these legal services in connection with
the Debtor's Chapter 11 case:

     (a) advise the trustee regarding issues related to the use of

         cash collateral;

     (b) advise the trustee regarding the Debtor's business
         operations;

     (c) advise the trustee regarding his rights, powers and
         duties;

     (d) assist the trustee in complying with the requirements of
         the U.S. trustee;

     (e) advise the trustee regarding matters of bankruptcy law;

     (f) represent the trustee in any proceedings or hearings in
         the bankruptcy court related to bankruptcy law issues;

     (g) represent the trustee in the adversary proceeding filed
         by the Debtor against Seafood Doctor, Inc.;

     (h) advise the trustee in connection with any investigation
         related to the indictment against the Debtor's president
         and chief executive officer;

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

     (j) advise the trustee regarding his legal rights and      
         responsibilities under the Bankruptcy Code and the
         Federal Rules of Bankruptcy Procedure; and

     (k) assist the trustee in the negotiation, preparation and
         confirmation of a plan of reorganization.

The firm's hourly rates range from $275 to $550 for its
professionals, $150 to $250 for paraprofessionals, and $475 to $575
for of counsel.

Lynda Bui, Esq., at Shulman Hodges, disclosed in a court filing
that the firm is "disinterested" as defined in section 101(14) of
the Bankruptcy Code.

The firm can be reached through:

     Lynda T. Bui, Esq.
     Rika M. Kido, Esq.
     Shulman Hodges & Bastian LLP
     100 Spectrum Center Drive, Suite 600
     Irvine, CA 92618
     Tel: (949) 340-3400
     Fax: (949) 340-3000
     Email: lbui@shbllp.com;
     Email: rkido@shbllp.com

                    About Triton Foods Inc.

Triton Foods, Inc. is a wholesaler of seafood and a trader in
import and export of Mexican seafood products.

The Debtor sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. C. D. Calif. Case No. 15-16359) on April 22, 2015.
The petition was signed by Juan Alfaro, president and CEO.

The Debtor is represented by Giovanni Orantes, Esq., at The Orantes
Law Firm PC.

On September 8, 2016, the court approved the appointment of Rosendo
Gonzalez as Chapter 11 trustee.

At the time of the filing, the Debtor estimated assets of less than
$50,000 and liabilities of $1 million to $10 million.


TROPICANA ENTERTAINMENT: $2M Cash Infusion from Icahn Challenged
----------------------------------------------------------------
Jeff Montgomery, writing for Bankruptcy Law360, reported that Wimar
Tahoe Corp. and Columbia Sussex Corp., which are targets of a
Tropicana Entertainment LLC bankruptcy lawsuit, have objected to a
$2 million cash infusion for the company's litigation trust,
calling the proposal a last-ditch effort by investor Carl Icahn to
collect from the casino company's former owners.  Wimar et al.,
controlled by former Tropicana owner William J. Yung III, told
Delaware Bankruptcy Judge Kevin Carey that the adversary proceeding
and Lightsway Litigation Trust no longer operate for the benefit of
Tropicana creditors.

                 About Tropicana Entertainment

Tropicana Entertainment Inc. owned and operated nine casinos and
resorts in Indiana, Louisiana, Mississippi, Nevada and New Jersey.
The Company owns approximately 6,000 rooms, 9,000 slot positions
and 250 table games.  In addition, the Company owns a development
property in Aruba.  The company is based in Las Vegas, Nevada.

Tropicana Entertainment LLC and certain affiliates filed for
Chapter 11 protection (Bankr. D. Del. Case No. 08-10856) on May 5,
2008.  Kirkland & Ellis LLP and Mark D. Collins, Esq., at Richards
Layton & Finger, represent the Debtors in their restructuring
efforts.  Their financial advisor is Lazard Ltd.  Their notice,
claims, and balloting agent is Kurtzman Carson Consultants LLC.
Epiq Bankruptcy Solutions LLC is the Debtors' Web site
administration agent.  AlixPartners LLP is the Debtors'
restructuring advisor.  Stroock & Stroock & Lavan LLP and Morris
Nichols Arsht & Tunnell LLP represent the Official Committee of
Unsecured Creditors in this case.  Capstone Advisory Group LLC is
financial advisor to the Creditors' Committee.

The OpCo Debtors, a group of Tropicana entities owning casinos and
resorts in Atlantic City, New Jersey and Evansville, Indiana
obtained confirmation from the Bankruptcy Court of a
reorganization plan.  On April 29, 2009, non-debtor units of the
OpCo Debtors, designated as the New Jersey Debtors -- Adamar of
New Jersey, Inc., and its affiliate, Manchester Mall, Inc. --
filed for Chapter 11 (Bankr. D.N.J. Lead Case No. 09- 20711) to
effectuate a sale of the Atlantic City Resort and Casino to a
group of Investors-led by Carl Icahn.   Judge Judith H. Wizmur
presides over the cases.  Manchester Mall is a wholly owned
subsidiary of Adamar that owns and operates certain real property
utilized in the New Jersey Debtors' business operations.
Effective March 2010, Tropicana Entertainment successfully emerged
from the Chapter 11 reorganization process as an Carl Icahn-owned
entity.

A group of Tropicana entities, known as the LandCo Debtors, which
own Tropicana casino property in Las Vegas, have obtained approval
of a separate Chapter 11 plan.

Ilana Volkov, Esq., and Michael D. Sirota, Esq., at Cole, Schotz,
Meisel, Forman & Leonard, in Hackensack, New Jersey, represented
the New Jersey Debtors.  Kurtzman Carson Consultants LLC acts as
their claims and notice agent.  Adamar disclosed $500 million to
$1 billion both in total assets and debts in its petition.
Manchester Mall disclosed $1 million to $10 million in total
assets, and less than $50,000 in total debts in its petition.

Debtors Adamar of New Jersey Inc. and Manchester Mall Inc. have
merged into Adamar of NJ In Liquidation, LLC.  The merger and name
change is in accordance with an Amended and Restated Purchase
Agreement, which governs the sale and transfer of the operations of
the Tropicana Casino and Resort - Atlantic City, including
substantially all of the New Jersey Debtors' assets, to Tropicana
Entertainment Inc., Tropicana Atlantic City Corp., and Tropicana AC
Sub Corp., free and clear of any and all liens, claims and
encumbrances.


TWEDDLE HOLDINGS: S&P Assigns 'B' CCR & Rates $225MM Loan 'B'
-------------------------------------------------------------
S&P Global Ratings said that it assigned its 'B' corporate credit
rating to Clinton, Michigan-based automotive information services
company Tweddle Holdings Inc.  The rating outlook is stable.

Simultaneously, S&P assigned its 'B' issue-level rating and '3'
recovery rating to Tweddle Group Inc.'s $225 million secured term
loan due 2023.  The '3' recovery rating indicates S&P's expectation
for meaningful (50%-70%; lower half of the range) recovery of
principal in the event of a payment default.  Tweddle is the
ultimate parent of Tweddle Group.

"The 'B' corporate credit rating reflects Tweddle's small scale,
significant client concentration, and well-established client
relationships and data analysis capabilities," said S&P Global
Ratings' credit analyst Minesh Patel.  "The rating also reflects
our forecasted adjusted leverage, pro forma for the $225 million
recapitalization, of above 5x in 2016 and 4x in 2017.  Our 2016
adjusted leverage calculation reflects, among other things,
increased costs related to the recapitalization transactions and
our debt adjustments, with higher reported debt for expected
earn-out payments."

The stable rating outlook reflects S&P's expectation that Tweddle's
market position and good client relationships will support
favorable operating performance over the next 12 months.

S&P could lower its corporate credit rating over the next 12 months
if the company's operating performance declines, or if a client
loss leads to a sharp decline in cash flow such that FOCF to debt
less than 5% on a sustained basis.

Although unlikely, S&P could raise the rating if the company
improves the diversity of its revenue sources, if S&P revises its
view of the company's financial policy, and if S&P expects it to
maintain adjusted leverage below 3x.


UCI INTERNATIONAL: Wants Plan Filing Period Extended to Dec. 29
---------------------------------------------------------------
UCI International, LLC and its affiliated debtors ask the U.S.
Bankruptcy Court for the District of Delaware to extend for a
period of 90 days the period during which the Debtors have the
exclusive right to (a) file a chapter 11 plan of reorganization,
and (b) solicit acceptances of such a plan, to and including Dec.
29, 2016, and Feb. 27, 2017, respectively.

The Debtors contend that they need additional time to, among other
things, (a) engage in further negotiations with the key creditor
constituencies and other parties in interest with a view toward
soliciting votes for, and obtaining confirmation of, the Plan on a
consensual basis, (b) evaluate and make decisions regarding the
assumption or rejection of executory contracts and unexpired leases
and (c) reconcile, allow and, as needed, object to the proofs of
claim filed in these chapter 11 cases.

The Debtors believe that maintaining their exclusive right to file
and solicit votes on a chapter 11 plan of reorganization for a
reasonable period of time is essential to their ability to complete
their restructuring as efficiently and expeditiously as possible
and without risking the substantial additional costs, disruption
and uncertainty that would attend the expiration of the Exclusive
Periods.

                         About UCI International

UCI International, LLC, headquartered in Lake Forest, IL, designs,
manufactures, and distributes vehicle replacement parts, including
a broad range of filtration, fuel delivery systems, and cooling
systems products in the automotive, trucking, marine, mining,
construction, agricultural, and industrial vehicles markets.

UCI and its affiliates sought Chapter 11 protection (Bankr. D. Del.
Lead Case No. 16-11355) on June 1, 2016.  The Debtors are
represented by lawyers at Sidley Austin LLP.  Alvarez & Marsal
provides the company with financial advice and Moelis & Company LLC
is the Debtors' investment banker.  Garden City Group serves as the
Debtors' Claims Agent.  Wilmington Trust is the Indenture Trustee
for a $400-million issue of 8.625% Senior Notes Due 2019.

The United States Trustee appointed an Official Committee of
Unsecured Creditors, which has retained Morrison & Foerster LLP as
proposed counsel, and Cole Schotz PC as Delaware co-counsel.  Zolfo
Cooper LLC has been retained as bankruptcy consultant and financial
advisor for the Committee.


UNIVERSAL NUTRIENTS: US Trustee Adds UniChem Enterprises to Panel
-----------------------------------------------------------------
U.S. Trustee William T. Neary appointed on Sept. 29, 2016, UniChem
Enterprises into the official committee of unsecured creditors of
Universal Nutrients, LLC.

As reported by the Troubled Company Reporter on Sept. 7, 2016, the
U.S. Trustee on Sept. 1 appointed three creditors to serve on the
Committee.

The Committee now consists of:

     (1) Luxor Staffing
         c/o Jake Hill
         1430 Valwood Parkway, Suite 120
         Carrollton, TX 75006
         Tel: (817) 296-2901
         E-mail: JHill@LuxorStaffing.com
   
     (2) Milne Fruit
         c/o Joe Stoops
         804 Bennett Avenue
         Prosser, WA 99350
         Tel: (509) 786-9604
         Fax: (509) 786-2170
         E-mail: joes@milnefruit.com

     (3) Elk Designs, Inc.
         c/o Brett Schafer
         12101 Dewey Street
         Los Angeles, CA 90066
         Tel: (310) 387-7840
         E-mail: bschafer@elkdesignsinc.com
  
     (4) UniChem Enterprises
         c/o Karen Tune
         1905 South Lynx Place
         Ontario, CA 91761
         Tel: (909) 321-1018  
         E-mail: ktune@unichemsupply.com

                   About Universal Nutrients

Universal Nutrients, LLC, filed a chapter 11 petition (Bankr. N.D.
Tex. Case No. 16-43070) on Aug. 5, 2016.  The petition was signed
by Chet Burks, manager.  The Debtor is represented by Richard W.
Ward, Esq.  The case is assigned to Judge Mark X. Mullin.  The
Debtor estimated assets and debts at $10 million to $50 million at
the time of the filing.

The Debtor is a Texas limited liability company engaged in the
business under the tradename of Uni*Well of manufacturing and
developing various nutraceutical products, OTC pharmaceuticals, and
specialty biochemicals with expertise in development and
fulfillment of productivity products, functional shots, sports
nutrition, nutrient deficiency products, elderly nutrition,
children's nutrition, gender-specific nutrition, energy products,
anti-stress products, anti-aging products, internal beauty
products, and condition-specific products in the form of liquids,
powders, gels, tablets, and capsules.  The Debtor has its principal
office at 14801 Sovereign Drive, Fort Worth, Texas 76155 and is a
wholly owned subsidiary of Universal Group Holdings, LLC, a Texas
limited liability company.


UNIVERSAL SECURITY: Incurs $2.13 Million Net Loss in Fiscal 2016
----------------------------------------------------------------
Universal Security Instruments, Inc., filed with the Securities and
Exchange Commission its annual report on Form 10-K disclosing a net
loss of $2.13 million on $13.7 million of net sales for the year
ended March 31, 2016, compared to a net loss of $3.70 million on
$9.89 million of net sales for the year ended March 31, 2015.

As of March 31, 2016, Universal Security had $18.5 million in total
assets, $2.12 million in total liabilities and $16.4 million in
total shareholders' equity.

As of March 31, 2016, working capital (computed as the excess of
current assets over current liabilities) decreased by $1.15 million
from $5.61 million on March 31, 2015, to $4.46 million on March 31,
2016.

The Company's operating activities used cash of $823,000 for the
year ended March 31, 2016, principally as a result of a net loss of
$2.14 million.  The net loss was partially offset by the non-cash
loss of the Hong Kong Joint Venture of $742,000, and an increase in
accounts payable and accrued expenses of $659,000.  The Company's
operating activities used cash of $1.37 million  for the year ended
March 31, 2015 principally as a result of a net loss of $3.70
million.  The net loss was partially offset by the non-cash loss of
the Hong Kong Joint Venture of $1.13 million, decreases in accounts
receivable and amounts due from factor of $555,000, decreases in
inventories of $288,000, and an increase in accounts payable and
accrued expenses of $363,000.

The Company's investing activities provided cash of $822,000 during
the fiscal year ended March 31, 2016 resulting from the withdrawal
of funds held by the factor of $632,000 and dividends received from
the Hong Kong Joint Venture of $190,000.  The Company's investing
activities used cash of $632,000 during the fiscal year ended March
31, 2015, resulting from the deposit of funds held by the factor.

Financing activities provided cash of $314,000 during the fiscal
year ended March 31, 2016, as a result of cash advances against
factored trade accounts receivable with our factor.  There were no
financing activities during the year ended March 31, 2015.

Management believes that sales by the Company and by its USI
Electric subsidiary have been negatively impacted by the ongoing
downturn in the U.S. housing market and delays in commencing sales
of the Company's new line of sealed smoke and carbon monoxide (CO)
alarms.  The new line of sealed smoke and carbon monoxide alarms
began selling during the current fiscal year and management has
noted an improvement in sales related to these items.  Management
believes that with an improved housing market and sales of its new
sealed products, the Company will improve profitability. The
Company has completed and received approval of its complete line of
sealed ionization models, and is continuing to develop its line of
sealed photoelectric products that it expects to be completed
during the fiscal year ending March 31, 2017.

"Our sealed products will compete on price and functionality as we
continue to introduce them to the market with similar products
offered by our larger competitors.  While we believe there will be
market acceptance of our new products we cannot be assured of this.
Should our products not achieve the level of acceptance we
anticipate, this will have a significant impact on our future
operations, and our sales may decline, potentially impacting our
ability to continue operating in our current fashion.

"Our short-term borrowings to finance operating losses, trade
accounts receivable, and foreign inventory purchases are provided
pursuant to the terms of our Factoring Agreement with Merchant.
Advances from the Company's factor, are at the sole discretion of
Merchant based on their assessment of the Company's receivables,
inventory and financial condition at the time of each request for
an advance.  In addition, we have secured extended payment terms
for purchases up to $2,000,000 from our Hong Kong Joint Venture for
the purchase of the new sealed battery products.  These amounts are
unsecured, bear interest at 3.25%, and provide for repayment terms
of ninety days for each advance thereunder.  The combined unused
availability of these facilities totaled approximately $3.34
million at March 31, 2016.

"The Company has a history of sales that are insufficient to
generate profitable operations, and has limited sources of
financing.  Management's plan in response to these conditions
includes increasing sales of the Company's new line of sealed
battery safety alarms, decreasing payroll expenses, and seeking
additional financing on our existing credit facility.  The Company
has seen positive results on this plan during the fiscal year ended
March 31, 2016 due to the release of certain of its sealed battery
products and management expects this growth to continue going
forward.  Though no assurances can be given, if management's plan
continues to be successful over the next twelve months, the Company
anticipates that it should be able to meet its cash needs. Cash
flows and credit availability is expected to be adequate to fund
operations for one year from the issuance date of this report," the
Company stated in the report.

A full-text copy of the Form 10-K is available for free at
goo.gl/hwF7cA

                    About Universal Security

Owings Mills, Maryland-based Universal Security markets and
distributes safety and security products which are primarily
manufactured through its 50%-owned Hong Kong Joint Venture.


VERENGO INC: Can Get Crius Solar Financing on Interim Basis
-----------------------------------------------------------
The U.S. Bankruptcy Court for the District of Delaware for
authorized Verango, Inc. to obtain postpetition financing from
Crius Solar Fulfillment, LLC, and to continue using cash collateral
on an interim basis.

The Debtor sought to obtain debtor-in-possession financing in the
form of a revolving credit facility in the aggregate principal
amount of up to $2,000,000.

The Debtor is indebted to Crius Solar Fulfullment, as First Lien
Lender, under the First Lien Business Financing Agreement.  In the
aggregate principal amount of not less than $2,272,000.  The Debtor
is also indebted to Crius Solar Fulfillment, as Second Lien Lender,
under the Second Lien Note Purchase Agreements, in the aggregate
principal amount, plus accrued and unpaid interest, of not less
than $30,164,370.

The Debtor was authorized to borrow under the DIP Credit Agreement
up to an aggregate principal amount of $1,500,000, the proceeds of
which will be used only for the purposes permitted under the DIP
Documents, which include, working capital and other general
corporate purposes of the Debtor, and to pay interest, fees and
expenses in connection with the DIP Loans and the Adequate
Protection Obligations.

The Court held that all DIP Obligations will constitute allowed
senior administrative expense claims against the Debtor with
priority over any and all administrative expenses, adequate
protection and diminution in value claims and all other claims
against the Debtor or its estate.

The Carve-Out consists of:

     (1) any fees payable to the Clerk of the Court and to the
Office of the U.S. Trustee, and any interest on such fees payable;

     (2) the reasonable fees and expenses up to $10,000 incurred by
a trustee appointed in the Debtor's case under section 726(b) of
the Bankruptcy Code; and

     (3) up to $50,000 of allowed fees, expenses and disbursements
of professionals retained by order of the Court.

The DIP Lender was granted:

     (a) security interests and liens, subject to the Carve-Out, on
all tangible and intangible property of the Debtor or its estate;

     (b) a valid, binding, enforceable, fully-perfected junior lien
on, and security interest in all tangible and intangible property
of the Debtor or its estate;

     (c) a valid, binding, enforceable, fully-perfected first
priority senior priming lien on, and security interest in, all
prepetition collateral.

The First Lien Lender and the Second Lien Lender were granted
valid, perfected security interest in and lien on all of the DIP
Collateral.  The First Lien Lender's security interest and lien is
subject to the DIP Liens, the Carve-Out and the Non-Primed Liens,
while the Second Lien Lender's security interest and lien is
subject to the DIP Liens, the Carve-Out, the First Lien Adequate
Protection Liens, the Prepetition First Liens and the Non-Primed
Liens.

A final hearing on the Debtor's use of cash collateral is scheduled
on Oct. 17, 2016 at 10:30  a.m.  The deadline for the filing of
objections to the Debtor's use of cash collateral is set on Oct.
10, 2016.   

A full-text copy of the Interim Order, dated Sept. 26, 2016, is
available at https://is.gd/vqOCB1

                   About Verengo

Verengo, Inc., filed a chapter 11 petition (Bankr. D. Del. Case No.
16-12098) on Sept. 23, 2016.  The Debtor is represented by Scott D.
Cousins, Esq. and Evan T. Miller, Esq., at Bayard, P.A.

The Debtor is a privately held corporation organized under Delaware
law, headquartered in Torrance, CA with an operations center in
Phoenix, AZ.  The Debtor originated from Ken Button and Randy
Bishop’s purchase of Gemstar Builders in February 2008, which was
subsequently renamed Verengo Solar, a d/b/a of Verengo, Inc.  The
Debtor's business focuses on the installation of solar photovoltaic
systems and is one of the most well-known and respected brands in
residential solar.  Moreover, the Debtor offers a range of
energy-saving products to help users to conserve the energy
generated from their solar systems.  The Debtor also markets and
sells solar panels and semiconductor-based micro inverter systems
in the United States.


VERENGO INC: Meeting to Form Creditors' Panel Set for Oct. 5
------------------------------------------------------------
Andy Vara, Acting United States Trustee for Region 3, will hold an
organizational meeting on Oct. 5, 2016, at 10:00 a.m. in the
bankruptcy case of Verengo, Inc.

The meeting will be held at:

         Delaware State Bar Association
         405 N. King Street, 2nd Floor
         Wilmington, DE 19801

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 Verengo, Inc.

Verengo, Inc. is a privately held corporation organized under
Delaware law, headquartered in Torrance, CA with warehouse
operations centers in Anaheim and Valencia, and an operations
center in Phoenix, AZ. It originated from Ken Button and Randy
Bishop's purchase of Gemstar Builders in February 2008, which was
subsequently renamed Verengo Solar, a doing business as of
Verengo,
Inc.  The company's business focuses on the installation of solar
photovoltaic systems and is one of the most well known and
respected brands in residential solar.  Moreover, the company
offers a range of energy-saving products to help users to conserve
the energy generated from their solar systems. It also markets and
sells solar panels and semiconductor-based micro inverter systems
in the United States.  As of August 2016, it has installed 19,800
systems.  One its key strategic initiatives going forward is
coupling energy storage with solar and it expects to be a leader
in
this segment by the time the market matures.

Following the company's inception, operations were opened in
California, New Jersey, New York, and Connecticut. In February
2015, however, all northeast operations were sold to NRG Energy,
Inc.; contemporaneously, Northern and Central California
operations
were shut down. Notwithstanding, the it remains the largest
Southern California-based residential solar provider and its
current business focus is California; and its processes,
operations, and supply chain are scalable for expansion into
additional geographies.

For the year ending Dec. 31, 2015, the Vwrengo achieved
$82 million in revenue and 3,200 installations.  Notwithstanding,
the company found itself experiencing reduced cash flow in 2016
and
strained liquidity as a result.

Verengo, Inc., sought Chapter 11 protection (Bankr. D. Del. Case
No. 16-12098) on Sept. 23, 2016.


VINOD GOPAL PATEL: Oct. 26 Plan Confirmation Hearing
----------------------------------------------------
Judge Erik P. Kimball of the U.S. Bankruptcy Court for the Southern
District of Florida approved the amended disclosure statement
explaining Vinod Gopal Patel's Chapter 11 Plan of Reorganization
and scheduled for October 26, 2016, at 2:00 p.m., the hearing to
consider confirmation of the Plan.

The Court sets the following deadlines:

   Oct. 12 - Deadline For Filing Objections to Claims
           - Deadline For Filing Fee Applications
   Oct. 19 - Deadline For Filing Plan Ballots
   Oct. 21 - Deadline For Filing Objections to Confirmation
           - Deadline For Filing Report of Plan Proponent and
             Confirmation Affidavit
           - Deadline For Individual Debtor to File "Certificate
             for Confirmation Regarding Payment of Domestic
             Support Obligations And Filing Of Required Tax
             Returns"

The Court conducted a hearing on September 21, 2016, to consider
approval of the Amended Disclosure Statement, and found that the
Disclosure Statement contains "adequate information" regarding the
Plan in accordance with 11 U.S.C. Section 1125(a).

If the Debtor does not timely comply with any of the requirements
of this Order, the Court may impose sanctions at the Confirmation
Hearing, without further notice, including dismissal, conversion of
the case to chapter 7, or the striking of the Plan. At the
Confirmation Hearing, the Court may also consider dismissal or
conversion for other cause shown at the request of any party in
interest or on the Court's own motion.

The Debtor's Aug. 31, 2016 Amended Disclosure Statement, a
full-text copy of which is available at
http://bankrupt.com/misc/13-80740-358.pdfproposes that holders of

Allowed Unsecured Claims against the Debtor will receive in full
satisfaction, release and exchange for the Allowed Claim, Pro Rata
and pari passu participation, monthly prorate distributions of 100%
of the Projected Disposable Income that will be paid under the plan
during a five year period.  The Debtor has determined that after
payment of his monthly obligations to Class 1 Allowed Priority
Claims, consisting of the Internal Revenue Service's $2,508 claim,
and Class 2 Allowed Secured Claim of Banesco USA, all necessary
living expenses, at this time, a surplus of $250 per month
remains.

The Debtor manages a hotel and believes that the current operations
can support his salary and a disposable income that will fund the
payments under the proposed plan.

Vinod Gopal Patel, a hotel manager, sought protection under Chapter
11 of the Bankruptcy Code (Bankr. S.D. Fla. Case No. 16-13703) on
March 16, 2016, and is represented by Joe M. Grant, Esq., and Adam
D. Marshall, Esq., at Marshall Socarras Grant P.L., in Boca Raton,
Florida.


W&T OFFSHORE: CEO Reports 30.2% Equity Stake as of Sept. 7
----------------------------------------------------------
In an amended Schedule 13D filed with the Securities and Exchange
Commission, Tracy W. Krohn disclosed that as of Sept. 7, 2016, he
beneficially owns 41,461,824 shares of common stock of W&T
Offshore, Inc., representing 30.2 percent of the shares
outstanding.

The shares comprised of (i) 40,696,011 shares of common stock, par
value $.00001, of W&T Offshore, Inc.m held indirectly by Mr. Krohn
through the Tracy William Krohn Living Trust, dated May 31, 2012,
of which Mr. Krohn is trustee, (ii) 623,969 Shares held by the
Tracy William Krohn 2008 JFF Trust, dated December 3, 2011, of
which Mr. Krohn is trustee and (iii) 141,844 Shares held by the
Tracy William Krohn Exempt AKF Descendant's Trust, dated November
1, 2012, of which Mr. Krohn is trustee.

Mr. Krohn is founder, chairman of the Board and chief executive
officer of the Company.  The TWK Trust was formed by Mr. Krohn as
the grantor of the TWK Trust.  The JFF Trust was formed by Jerome
F. Freel as the grantor of the JFF Trust.  The AKF Trust was formed
by Jerome F. Freel as the grantor of the AKF Trust.

On Sept. 7, 2016, the TWK Trust exchanged $16,600,000 aggregate
principal amount of the Company's 8.500% Senior Notes due 2019
pursuant to the Company's previously announced exchange offer for
(i) 1,412,660 Shares, (ii) $3,734,000 aggregate principal amount of
the Company's 9.00% / 10.75% Senior Second Lien PIK Toggle Notes
due 2020 and (iii) $3,320,000 aggregate principal amount of the
Company's 8.50% / 10.00% Senior Third Lien PIK Toggle Notes due
2021.  The Existing Notes were acquired by the TWK Trust for
investment purposes.  The 1,412,660 Shares received by the TWK
Trust in the Exchange Offer, together with the (i) 39,283,351
Shares held by the TWK Trust immediately before the consummation of
the Exchange Offer, (ii) 623,969 Shares held by the JFF Trust and
(iii) 141,844 Shares held by the AKF Trust were acquired for
investment purposes.

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

                    https://is.gd/ebMnwu

                     About W&T Offshore

W&T Offshore, Inc. is an independent oil and natural gas producer,
active in the exploration, development and acquisition of oil and
natural gas properties in the Gulf of Mexico.  In October 2015, the
Company disposed of substantially all of its onshore oil and
natural gas interests with the sale of its Yellow Rose field in the
Permian Basin.  The Company retained an overriding royalty interest
in the Yellow Rose field production.  W&T Offshore, Inc. is a Texas
corporation originally organized as a Nevada corporation in 1988,
and successor by merger to W&T Oil Properties, Inc., a Louisiana
corporation organized in 1983.  The Company's interest in fields,
leases, structures and equipment are primarily owned by the parent
company, W&T Offshore, Inc. and its wholly-owned subsidiary, W & T
Energy VI, LLC, a Delaware limited liability company.    

As of June 30, 2016, W&T Offshore had $998.35 million in total
assets, $1.83 billion in total liabilities and a total
shareholders' deficit of $832.80 million

W&T Offshore reported a net loss of $1.04 billion in 2015 following
a net loss of $11.66 million in 2014.

                        *   *     *

As reported by the TCR on Sept. 23, 2016, S&P Global Ratings raised
the corporate credit rating on Houston-based oil and gas
exploration and production (E&P) company W&T Offshore Inc. to 'CCC'
from 'SD'.  At the same time, S&P raised the issue-level rating on
the company's 8.5% senior unsecured notes due 2019 to 'CC' from
'D'.


WAYNE COUNTY, MI: Moody's Hikes GOLT Debt Rating to Ba2
-------------------------------------------------------
Moody's Investors Service has upgraded to Ba2 from Ba3 the rating
on Wayne County, MI's outstanding general obligation limited tax
(GOLT) debt and assigned a positive outlook. The upgrade to Ba2
from Ba3 also applies to debt issued by the Wayne County Building
Authority and secured by the county's full faith and credit via a
lease agreement. The county has $510 million of long-term GOLT and
GOLT-supported lease bonds outstanding and $287 million of
short-term GOLT delinquent tax anticipation notes. Moody's rates
$300 million of the county's long-term debt and does not rate the
county's short-term debt. The upgrade to Ba2 reflects improvement
in the county's financial position following substantial reductions
in retirement liabilities and associated costs, which will aid the
budgetary capacity to address outstanding capital facility needs.
The rating also incorporates a recovering but still comparatively
weak economic profile, very high tax base leverage considering
liabilities of overlapping governments, and limitations on the
county's ability to raise revenue to accommodate growth in costs
including debt service.

Rating Outlook

The positive outlook reflects the potential for upward rating
movement in the event the county continues to enhance its operating
reserves while accommodating increased costs associated with
outstanding criminal justice facility needs.

Factors that Could Lead to an Upgrade

   -- Sustained improvement in regional economic conditions that
      benefits revenue trends

   -- Continued growth in operating reserves and liquidity coupled

      with improved pension plan funding

Factors that Could Lead to a Downgrade

   -- Renewed challenges to cost control efforts that narrows fund

      balance and liquidity

   -- Lack of improvement in regional economic conditions that
      stresses revenue and financial stabilization efforts

   -- Material growth in leverage or fixed cost burden

Legal Security

Wayne County's GOLT bonds are secured by its pledge and authority
to levy property taxes within statutory and constitutional
limitations to pay debt service. Debt service is not secured by a
dedicated tax levy. Bonds issued by the Wayne County Building
Authority are secured by lease payments made to the Authority by
the county. The lease payments are secured by the county's full
faith and credit pledge, equivalent to its pledge on GOLT bonds,
and are not subject to appropriation.

Use of Proceeds. Not applicable.

Obligor Profile

Wayne County is one of three southeast Michigan counties that
together comprise the bulk of the Detroit metropolitan area. The
county is home to the city of Detroit and a number of the largest
suburban communities in the state including the cities of Livonia
(Aa2) and Dearborn (Aa3). With a population of 1.8 million, the
county remains one of the twenty largest in the country despite
multiple decades of contraction.


WISCONSIN DAIRY: Unsecureds To Be Paid with 3% Interest in 7 Yrs.
-----------------------------------------------------------------
Southwestern Wisconsin Dairy Goat Products Cooperative filed with
the U.S. Bankruptcy Court for the Western District of Wisconsin a
Disclosure Statement and Plan of Reorganization, which provides for
the full payment of all allowed administrative, secured and
unsecured claims.

The secured claim of Peoples will be paid in full, with interest at
the fixed rate of 5% per annum, amortized over 7 years.

General unsecured claimants will be paid in full, with interest at
the fixed rate of 3% per annum, amortized over 7 years, to be paid
in full with 7 years.

The Debtor's continued operations and revenues will generate the
fund needed to implement the Plan.

A full-text copy of the Disclosure Statement dated Sept. 16, 2016
is available at http://bankrupt.com/misc/wiwb16-11994-69.pdf

As previously reported by The Troubled Company Reporter, an Oct.
24, 2016 hearing will be convened to consider confirmation of the
Plan.

Attorneys for the Debtor are:

          Eliza M. Reyes, Esq.
          Jennifer M. Schank, Esq.
          Krekeler Strother, S.C.
          2901 West Beltline Hwy, Suite 301
          Madison, WI 53713
          Tel No: 608-258-8555
          Fax No: 608-258-8299
          E-mail: ereyes@ks-lawfirm.com
                  jschank@ks-lawfirm.com

                 About Southwestern Wisconsin

Southwestern Wisconsin Dairy Goat Products Cooperative sought
protection under Chapter 11 of the Bankruptcy Code (Bankr. W.D.
Wis. Case No. 16-11994) on June 3, 2016.  

The Debtor is represented by Eliza M. Reyes, Esq., at Krekeler
Strother, S.C.  The case is assigned to Judge Robert D. Martin.


WPCS INTERNATIONAL: Stockholders Elect Five Directors
-----------------------------------------------------
WPCS International Incorporated held its 2016 annual meeting of
stockholders on Sept. 29, 2016, at which these two proposals were
approved:

  (1) The election of Sebastian Giordano, Charles Benton,
      Norm Dumbroff, Edward Gildea and Joshua Silverman
      as directors to serve until the next annual meeting of
      stockholders or until their respective successors have been
      duly elected and qualified; and

  (2) The ratification of the appointment of Marcum LLP to serve
      as the Company's independent registered public accounting
      firm for the fiscal year ending April 30, 2017.

             About WPCS International Incorporated

WPCS -- http://www.wpcs.com/-- operates in two business segments
including: (1) providing communications infrastructure contracting
services to the public services, healthcare, energy and corporate
enterprise markets worldwide; and (2) developing a Bitcoin trading
platform.

WPCS International reported a net loss attributable to common
shareholders of $8.27 million on $14.6 million of revenue for the
year ended April 30, 2016, compared to a net loss attributable to
common shareholders of $11.32 million on $24.41 million of revenue
for the year ended April 30, 2015.

As of July 31, 2016, WPCS International had $7.15 million in total
assets, $4.34 million in total liabilities and $2.80 million in
total stockholders' equity.


YELLOWSTONE CLUB: Founder Ordered to Pay $286M to Creditors
-----------------------------------------------------------
The American Bankruptcy Institute, citing The Associated Press,
reported that a U.S. judge has ordered a former luxury real estate
mogul to pay $286 million to the creditors of a Montana club for
the ultrarich that he is accused of fleecing for personal gain
before driving it into bankruptcy.

According to the report, the order from U.S. Bankruptcy Judge Ralph
Kirscher is the latest turn in a years-long hunt for assets of
Timothy Blixseth, the founder of the Yellowstone Club, a private
ski and golf resort near Big Sky with an elite group of members
including Microsoft co-founder Bill Gates.

Blixseth diverted hundreds of millions of dollars from a 2005
Credit Suisse loan to the club, using the money to buy jets, yachts
and luxury properties around the globe, the report related.  His
ex-wife received the club as part of their divorce settlement in
2008 and it went bankrupt within months after its huge liabilities
were uncovered, the report said.  The club later emerged from
bankruptcy under new ownership, the report added.

According to the report, Blixseth said via email that he had no
comment on the $286 million judgment. He is now representing
himself in the case and said in a court filing that blame for the
club’s bankruptcy should be shared by Credit Suisse, which he
claimed unfairly enticed him into accepting a reckless loan, the
report said.

Judge Kirscher agreed with that claim in 2010, when he issued a
reduced, $41 million judgment against Blixseth, but the Ninth
Circuit Court of Appeals reversed that ruling in July, saying
Credit Suisse's wrongdoing paled against Blixseth's and he should
have to relinquish his "ill-gotten gains," the report added.

              About Yellowstone Mountain Club

Located near Big Sky, Montana, Yellowstone Mountain Club LLC --
http://www.theyellowstoneclub.com/-- is a private golf and ski    

community with more than 350 members, including Bill Gates and Dan
Quayle.  The Company was founded in 1999.

Yellowstone Club and its affiliates filed for Chapter 11
bankruptcy (Bankr. D. Montana, Case No. 08-61570) on Nov. 10,
2008.  The Company's owner affiliate, Edra D. Blixseth, filed
a separate Chapter 11 petition on March 27, 2009 (Case No.
09-60452).

Attorneys at Bullivant Houser Bailey PC and Bekkedahl & Green
PLLC represented Yellowstone.  The Debtors hired FTI Consulting
Inc. and Ronald Greenspan as CRO.  The official committee of
unsecured creditors were represented by Parsons, Behle and
Latimer; and James H. Cossitt, Esq., as counsel.  Credit Suisse,
the prepetition first lien lender, was represented by Skadden,
Arps, Slate, Meagher & Flom.

In June 2009, the Bankruptcy Court entered an order confirming
Yellowstone's Chapter 11 Plan.  Pursuant to the Plan, CrossHarbor
Capital Partners LLC acquired equity ownership in the reorganized
Club for $115 million.

Marc S. Kirschner, Esq., was appointed the Trustee of the
Yellowstone Club Liquidating Trust created under the Plan.


[*] DBRS Reviews 9 Ratings From 2 US ABS Transactions
-----------------------------------------------------
DBRS, Inc. reviewed nine ratings from two U.S. structured finance
asset-backed securities transactions. Of the nine outstanding
publicly rated classes reviewed, one was confirmed, six were
upgraded and two were discontinued. For the ratings that were
confirmed, performance trends are such that credit enhancement
levels are sufficient to cover DBRS’s expected losses at their
current respective rating levels. For the ratings that were
upgraded, performance trends are such that credit enhancement
levels are sufficient to cover DBRS’s expected losses at their
new respective rating levels.

The ratings are based on DBRS’s review of the following
analytical considerations:

   -- Transaction capital structure, proposed ratings and form and

      sufficiency of available credit enhancement.

   -- The transaction parties’ capabilities with regard to
      origination, underwriting and servicing.

   -- The credit quality of the collateral pool and historical
      performance.

Notes: All figures are in U.S. dollars unless otherwise noted.

A copy of the affected ratings is available at:

                         https://is.gd/xNlBie



[*] Frimmer Joins EisnerAmper's Bankruptcy & Restructuring Practice
-------------------------------------------------------------------
EisnerAmper LLP on Sept. 30, 2016, disclosed that Rick L. Frimmer,
JD, CPA, will join the firm as a Managing Director in its
Bankruptcy & Restructuring practice.

Mr. Frimmer has more than 35 years of experience providing legal
and strategic advice in restructurings of municipal and corporate
debt, as well as equity.  He has represented virtually every high
yield bond fund, all the major corporate trustees, and many private
hedge funds.  Mr. Frimmer has gained a national reputation in
health care, housing, infrastructure and government restructurings.
In his legal practice, he also consulted on forensic matters
involving health care institutions, public companies and
governmental units.  Mr. Frimmer has been an expert witness in a
number of high profile cases and has served as a FINRA arbitrator
and a fee arbitrator for the San Diego Bar Association.

Mr. Frimmer comes to EisnerAmper after serving as a partner in
leading national law firms, most recently, Schiff Hardin.  Mr.
Frimmer is admitted to the U.S. Supreme Court and over 20 Federal
Courts of Appeal, District Courts and Bankruptcy Courts. He is also
admitted to the bars of California, Illinois and Pennsylvania.  Mr.
Frimmer is a Wharton finance and Harvard Law School graduate.

In making the announcement, Allen Wilen, partner-in-charge of
EisnerAmper's Bankruptcy & Restructuring Group, said, "We are
thrilled to add Rick Frimmer to our growing restructuring practice.
In addition to the special skills Rick brings to the table, his
national reputation will augment EisnerAmper's growing national
presence in the restructuring financial advisory space."

Charly Weinstein, EisnerAmper CEO, added, "Rick's wealth of
experience will enhance the resources we are able to offer clients
all across the country as part of our rapidly growing restructuring
practice.  We're excited to see what the future holds as we
continue to develop the breadth of our practice."

Mr. Frimmer is delighted to join the firm.  "Having worked adverse
to EisnerAmper in a number of matters over the past few years, I
believe EisnerAmper's team is one of the best in the industry and
delivers competitive, first-rate service and results.  I am honored
to have been asked to come aboard and excited to get started at
EisnerAmper."

                        About EisnerAmper

EisnerAmper LLP is an accounting and business advisory services
firm, and is among the largest in the United States.  EisnerAmper
provides audit, accounting, and tax services as well as valuation,
due diligence, internal audit and risk management, litigation
consulting and forensic accounting and technology, compliance and
regulatory, operational consulting and other professional services
to a broad range of clients, including services to more than 200
public companies.  The firm features 180 partners and principals
and 1,300 professionals.


[^] BOND PRICING: For the Week from Sept. 26 to 30, 2016
--------------------------------------------------------
  Company                   Ticker  Coupon Bid Price   Maturity
  -------                   ------  ------ ---------   --------
A. M. Castle & Co           CAS      7.000    58.000 12/15/2017
ACE Cash Express Inc        AACE    11.000    56.250   2/1/2019
ACE Cash Express Inc        AACE    11.000    56.500   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    63.250   9/1/2017
Amyris Inc                  AMRS     6.500    34.665  5/15/2019
Arch Coal Inc               ACI      7.000     5.063  6/15/2019
Arch Coal Inc               ACI      7.250     4.938  6/15/2021
Arch Coal Inc               ACI      7.250     5.125  10/1/2020
Arch Coal Inc               ACI      9.875     2.097  6/15/2019
Arch Coal Inc               ACI      8.000     2.750  1/15/2019
Arch Coal Inc               ACI      8.000     3.050  1/15/2019
Armstrong Energy Inc        ARMS    11.750    39.250 12/15/2019
Armstrong Energy Inc        ARMS    11.750    39.125 12/15/2019
Avaya Inc                   AVYA    10.500    21.500   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    37.088  2/15/2019
Caesars Entertainment
  Operating Co Inc          CZR     12.750    63.375  4/15/2018
Caesars Entertainment
  Operating Co Inc          CZR      5.750    58.000  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
Claire's Stores Inc         CLE      9.000    54.500  3/15/2019
Claire's Stores Inc         CLE      8.875    19.000  3/15/2019
Claire's Stores Inc         CLE     10.500    53.500   6/1/2017
Claire's Stores Inc         CLE      7.750    15.250   6/1/2020
Claire's Stores Inc         CLE      9.000    64.500  3/15/2019
Claire's Stores Inc         CLE      9.000    54.750  3/15/2019
Claire's Stores Inc         CLE      7.750    14.000   6/1/2020
Community Choice
  Financial Inc             CCFI    10.750    51.250   5/1/2019
Creditcorp                  CRECOR  12.000    48.000  7/15/2018
Creditcorp                  CRECOR  12.000    40.000  7/15/2018
Cumulus Media Holdings Inc  CMLS     7.750    40.875   5/1/2019
EPL Oil & Gas Inc           EXXI     8.250    15.000  2/15/2018
EXCO Resources Inc          XCO      7.500    50.250  9/15/2018
Eagle Rock Energy
  Partners LP /
  Eagle Rock Energy
  Finance Corp              VNR      8.375    45.568   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 & Exploration
  Partners Inc              ENEXPR   8.000     0.608   7/1/2019
Energy & Exploration
  Partners Inc              ENEXPR   8.000     0.608   7/1/2019
Energy Conversion
  Devices Inc               ENER     3.000     7.875  6/15/2013
Energy Future
  Holdings Corp             TXU     11.250    51.375  11/1/2017
Energy Future
  Holdings Corp             TXU     10.875    51.375  11/1/2017
Energy Future
  Holdings Corp             TXU      9.750    36.000 10/15/2019
Energy Future
  Holdings Corp             TXU     10.875    51.375  11/1/2017
Energy Future Intermediate
  Holding Co LLC /
  EFIH Finance Inc          TXU     10.000     3.686  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     7.750    10.500  6/15/2019
Energy XXI Gulf Coast Inc   EXXI     6.875    10.750  3/15/2024
Energy XXI Gulf Coast Inc   EXXI     7.500    10.125 12/15/2021
Erickson Inc                EAC      8.250    38.563   5/1/2020
Evergreen Solar Inc         ESLR     4.000     0.416  7/15/2013
FXCM Inc                    FXCM     2.250    42.250  6/15/2018
FairPoint
  Communications Inc/Old    FRP     13.125     1.879   4/2/2018
Federal Farm Credit Banks   FFCB     2.100    99.641  9/27/2023
Fleetwood Enterprises Inc   FLTW    14.000     3.557 12/15/2011
Forbes Energy Services Ltd  FES      9.000    22.857  6/15/2019
GenOn Energy Inc            GENONE   7.875    82.377  6/15/2017
Goodman Networks Inc        GOODNT  12.125    48.750   7/1/2018
Goodrich Petroleum Corp     GDPM     8.875     0.860  3/15/2019
Goodrich Petroleum Corp     GDPM     8.875    14.500  3/15/2018
Goodrich Petroleum Corp     GDPM     8.875    13.625  3/15/2018
Goodrich Petroleum Corp     GDPM     8.875     0.739  3/15/2019
Goodrich Petroleum Corp     GDPM     8.875     0.739  3/15/2019
Horsehead Holding Corp      ZINC    10.500    80.250   6/1/2017
Illinois Power
  Generating Co             DYN      7.000    37.139  4/15/2018
Illinois Power
  Generating Co             DYN      6.300    36.423   4/1/2020
Iracore International
  Holdings Inc              IRACOR   9.500    54.125   6/1/2018
Iracore International
  Holdings Inc              IRACOR   9.500    54.125   6/1/2018
IronGate Energy
  Services LLC              IRONGT  11.000    23.375   7/1/2018
IronGate Energy
  Services LLC              IRONGT  11.000    23.375   7/1/2018
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
Kinetic Concepts Inc /
  KCI USA Inc               KCI     10.500   105.250  11/1/2018
Las Vegas Monorail Co       LASVMC   5.500     4.037  7/15/2019
Lehman Brothers
  Holdings Inc              LEH      2.070     3.888  6/15/2009
Lehman Brothers
  Holdings Inc              LEH      2.000     3.888   3/3/2009
Lehman Brothers
  Holdings Inc              LEH      1.600     3.888  11/5/2011
Lehman Brothers
  Holdings Inc              LEH      5.000     3.888   2/7/2009
Lehman Brothers
  Holdings Inc              LEH      1.500     3.888  3/29/2013
Lehman Brothers
  Holdings Inc              LEH      4.000     3.888  4/30/2009
Lehman Brothers Inc         LEH      7.500     1.226   8/1/2026
Liberty Interactive LLC     LINTA    1.000    86.350  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    21.750 10/31/2017
Linn Energy LLC / Linn
  Energy Finance Corp       LINE     8.625    26.000  4/15/2020
Linn Energy LLC / Linn
  Energy Finance Corp       LINE     6.500    25.257  5/15/2019
Linn Energy LLC / Linn
  Energy Finance Corp       LINE     6.250    25.500  11/1/2019
Linn Energy LLC / Linn
  Energy Finance Corp       LINE     7.750    25.021   2/1/2021
Linn Energy LLC / Linn
  Energy Finance Corp       LINE     6.500    25.450  9/15/2021
Linn Energy LLC / Linn
  Energy Finance Corp       LINE     6.250    25.375  11/1/2019
Linn Energy LLC / Linn
  Energy Finance Corp       LINE     6.250    25.375  11/1/2019
Logan's Roadhouse Inc       LGNS    10.750     2.750 10/15/2017
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     2.500   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     2.599  10/1/2020
Midstates Petroleum
  Co Inc / Midstates
  Petroleum Co LLC          MPO     10.750     2.599  10/1/2020
Mirant Mid-Atlantic
  Series B Pass
  Through Trust             GENONE   9.125    82.500  6/30/2017
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    17.500  3/15/2019
Nine West Holdings Inc      JNY      6.875    18.162  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    12.250  1/29/2020
Optima Specialty Steel Inc  OPTSTL  12.500    90.000 12/15/2016
Optima Specialty Steel Inc  OPTSTL  12.500    89.875 12/15/2016
Orexigen Therapeutics Inc   OREX     2.750    27.688  12/1/2020
Peabody Energy Corp         BTU      6.000    24.500 11/15/2018
Peabody Energy Corp         BTU      6.250    24.500 11/15/2021
Peabody Energy Corp         BTU      6.500    24.250  9/15/2020
Peabody Energy Corp         BTU      4.750     2.600 12/15/2041
Peabody Energy Corp         BTU      6.000    13.125 11/15/2018
Peabody Energy Corp         BTU      6.000    24.125 11/15/2018
Peabody Energy Corp         BTU      6.250    24.125 11/15/2021
Peabody Energy Corp         BTU      6.250    24.125 11/15/2021
Permian Holdings Inc        PRMIAN  10.500    28.750  1/15/2018
Permian Holdings Inc        PRMIAN  10.500    28.750  1/15/2018
Pernix Therapeutics
  Holdings Inc              PTX      4.250    27.946   4/1/2021
Pernix Therapeutics
  Holdings Inc              PTX      4.250    27.946   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    17.875  5/16/2018
SAExploration
  Holdings Inc              SAEX    10.000    46.250  7/15/2019
Samson Investment Co        SAIVST   9.750     4.000  2/15/2020
SandRidge Energy Inc        SD       8.750    36.500   6/1/2020
SandRidge Energy Inc        SD       7.500     6.625  3/15/2021
SandRidge Energy Inc        SD       8.750     5.688  1/15/2020
SandRidge Energy Inc        SD       8.125     5.688 10/15/2022
SandRidge Energy Inc        SD       7.500     5.688  2/15/2023
SandRidge Energy Inc        SD       8.750    34.000   6/1/2020
SandRidge Energy Inc        SD       7.500     6.000  2/16/2023
SandRidge Energy Inc        SD       8.125     5.875 10/16/2022
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     3.064 11/15/2019
Sidewinder Drilling Inc     SIDDRI   9.750     3.064 11/15/2019
Speedy Group Holdings Corp  SPEEDY  12.000    39.500 11/15/2017
Speedy Group Holdings Corp  SPEEDY  12.000    46.250 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     5.750  1/15/2020
SunEdison Inc               SUNE     2.625     6.625   6/1/2023
TMST Inc                    THMR     8.000    16.125  5/15/2013
Talos Production LLC /
  Talos Production
  Finance Inc               TALPRO   9.750    45.875  2/15/2018
Talos Production LLC /
  Talos Production
  Finance Inc               TALPRO   9.750    45.875  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    31.000  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    30.875  10/1/2020
Texas Competitive Electric
  Holdings Co LLC / TCEH
  Finance Inc               TXU     15.000     6.830   4/1/2021
Texas Competitive Electric
  Holdings Co LLC / TCEH
  Finance Inc               TXU     10.250     6.750  11/1/2015
Triangle USA Petroleum
  Corp                      TPLM     6.750    23.000  7/15/2022
Triangle USA Petroleum
  Corp                      TPLM     6.750    22.875  7/15/2022
UCI International LLC       UCII     8.625    22.625  2/15/2019
Venoco Inc                  VQ       8.875     1.711  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
Warren Resources Inc        WRES     9.000     1.039   8/1/2022
Warren Resources Inc        WRES     9.000     1.039   8/1/2022
Warren Resources Inc        WRES     9.000     1.039   8/1/2022
Washington Mutual Bank /
  Debt not acquired
  by JPMorgan               WAMU     5.500     0.001  1/15/2013
iHeartCommunications Inc    IHRT    10.000    66.250  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
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Each Tuesday edition of the TCR contains a list of companies with
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Monthly Operating Reports are summarized in every Saturday edition
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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
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                            *********

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.

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                   *** End of Transmission ***