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         T R O U B L E D   C O M P A N Y   R E P O R T E R

              Wednesday, October 5, 2016, Vol. 20, No. 278

                            Headlines

344 SOUTH STREET: Court Sets Plan Confirmation Hearing for Oct. 26
4-EVER-WATER-TITE: Nov. 7 Joint Plan, Disclosures Hearing
435 ANN STREET: Litigation Proceeds to Fund Ch. 11 Plan
5 STAR INVESTMENT: Trustee Taps Recommind to Manage Data
A & E FURNITURE: Taps Robert O Lampl as Legal Counsel

A CHICAGO CONVENTION: $6.75M Sale of Chicago Property Approved
ACCO BRANDS: Fitch Affirms ‘BB’ Issuer Default Rating
AIM STEEL: Case Summary & 20 Largest Unsecured Creditors
ALL PHASE STEEL: Can Continue Cash Collateral Use Until Oct. 31
AMERICAN AXLE: Fitch Hikes Issuer Default Rating to 'BB'

ANGIOSOMA INC: Negative Cash Flow Raises Going Concern Doubt
AONE TOUCH: Seeks to Hire Harrison Ross Byck as Legal Counsel
ARROYO VISION: Secured Creditor Seeks Nov. 2 Plan Outline Hearing
ATLAS DISPOSAL: Seeks to Hire Todd Marrazzo as Accountant
BARRY CARAVAN: Court Approves Disclosures, Confirms Plan

BASS PRO: S&P Puts 'BB-' CCR on CreditWatch Negative
BC ACQUISITIONS: Case Summary & 3 Unsecured Creditors
BELIEVER'S BIBLE: Hires Macey Wilensky as Attorneys
BIRCH GROVE: Can Continue Using Cash Collateral Until Dec. 31
BRADLEY LOTT: Unsecureds to Get $15,000 for Five Years

BRIGID GIAMBRONE: Unsecureds To Be Paid $216K Under Plan
BSG HOLDINGS: Taps Middlebrooks Shapiro as Legal Counsel
BUFFETS LLC: Proposes to Close Restaurants, Slash Debt
CAESARS ENTERTAINMENT: Laywers, Advisers Made $300M+ in Ch.11 Case
CAPE COD: Unsecureds To Recoup 25% Under Second Amended Plan

CAPITOL BC RESTAURANTS: Taps Paul E. Saperstein as Broker
CH KIM: ReadyCap Wants to Prohibit Cash Use, Seeks Protection
CHESAPEAKE ENERGY: Fitch to Rate $1.1BB Unsecured Notes 'B-(EXP)'
CHINA FISHERY: Seeks $1.9M Private Sale of Golf Club Membership
CHOUDRIES INC: Taps Campbell Commercial as Real Estate Agent

CHRISTINE GOOD: Court Denies Approval of Disclosure Statement
CLAIRE'S STORES: Moody's Lowers CFR to Ca; Outlook Remains Neg.
CLARK-CUTLER-MCDERMOTT: Court OKs Interim Cash Collateral Use
CLEAR CREEK RETIREMENT: Grant Brooker No Longer Committee Member
CNO FINANCIAL: Fitch Maintains BB+ Senior Unsecured Notes Rating

CONVATEC HEALTHCARE: S&P Puts 'B+' CCR on CreditWatch Positive
COSI INC: Has Court Nod to Use Cash Collateral
COTY INC: Moody's Assigns Ba1 Rating on Sr. Sec. Bank Facilities
CS MINING: Continued Use of Cash Management System Approved
CS MINING: Seeks to Hire Epiq as Claims Agent

CUZCO DEVELOPMENT: Asks Court to Approve Disclosure Statement
DAYTON SUPERIOR: S&P Raises CCR to 'B'; Outlook Stable
DC&D ENTERPRISES: Unsecureds To Recover 4% Under Plan
DEER MEADOWS: Wants Approval to Use DCR Mortgage Cash Collateral
DENNIS EDWARDS: Disclosures, Plan Confirmation Hearing on Nov. 15

DENNIS KELLEY: Sale of Haddonfield Property Approved
DETROIT, MI: Defeats Pensioners' Appeal Over Bankruptcy Cuts
DIRECTCASH PAYMENTS: Moody's Puts B1 CFR Under Review for Upgrade
DIVERSE ENERGY: Court Sets Oct. 19 Disclosure Statement Hearing
DONNIE NORRIS: Selling Interest in Alabaster Property for $190K

DOW RUMMEL: Fitch Assigns 'BB' Rating on $23.045MM Health Bonds
DUNLAP STREET: Unsecureds To Be Paid From Remaining Sale Proceeds
DYNEGY INC: Has Tentative Deal to Restructure Unit's $825M Debt
EAGLE INC: Nov. 18 Disclosure Statement Hearing
EDOUARD RENE JOSEPH: Plan Confirmation Hearing on Oct. 26

EIGHT MILE HOLDINGS: Taps Robert Bassel as Legal Counsel
ESS AUTOMOTIVE: Sale of Assets to CEETUS for $40K Approved
EVERGREEN HEALTH: Wants Court Authorization to Use Cash Collateral
FANNIE MAE & FREDDIE MAC: Gov't Told To Hand Over Secret Documents
FELIX ROQUE VELAZQUEZ: Unsecureds to Recoup 30% Under Plan

FINTON CONSTRUCTION: Allowed to Use Cash Collateral Until Dec. 27
FOODSERVICEWAREHOUSE.COM: Sale of Kansas City Property Approved
FPMI SOLUTIONS: Sale of All Assets to Apprio Approved
FRANCIS MACHI, JR.: Trustee Selling Pittsburgh Property for $173K
GARDEN FRESH: Case Summary & 30 Largest Unsecured Creditors

GARDEN FRESH: Files for Ch. 11 with Deal to Sell Restaurants
GAWKER MEDIA: Expects to Win Legal Battle with Hulk Hogan
GENWORTH LIFE: Fitch Affirms BB+ Insurer Financial Strength Rating
GERMAN AMERICAN: Fitch to Rate Class E Certs 'BB-sf'
GET GREEN: Wants to Use Wells Fargo Cash Collateral

GOD'S ANGELS: Plan Confirmation Hearing Set for Oct. 12
GOODMAN AND DOMINGUEZ: Hearing on Disclosures Set For Nov. 3
GRAND PANAMA: U.S. Trustee Unable to Appoint Committee
GREGORY REDFORD: Oct. 20 Plan Confirmation Hearing
HARRINGTON & KING: Authorized to Use Inland Bank Cash Collateral

HENRY A. SUAREZ: Plan Confirmation Hearing on Oct. 20
HISTORIC TIMBER: Can Use Cash Collateral on Final Basis
HOMETOWN HARDWARE: Seeks to Hire Steve Lopez as Legal Counsel
ICRCO INC: Court Allows Use of City National Bank Cash Collateral
INMAN STREET: To Sell Real Property to Pay Unsecureds

INNOVATIVE CONSTRUCTION: Plan Revised to Add Claims Payment Terms
INVERRARY RESORT: Trustee Seeks to Hire Hunter Realty as Broker
ISAM HIJAZI: Santander Bank Tries To Block Plan Outline Approval
JAMES JOHNIGEAN: Disclosures Conditionally OK'd; Nov. 10 Hearing
JEANETTE GUTIERREZ: $64K Sale of Property to Gonzales Approved

JEANETTE GUTIERREZ: $800K Sale of Property to Mesquite Approved
JEFF BENFIELD: Taps Moon Wright as Bankruptcy Counsel
JEROME SYDNEY HEYWARD: Modifies Schedule of Payments to Creditors
JESUS MISSION: Case Summary & 2 Unsecured Creditors
JMO WIND DOWN: Plan Confirmation Hearing on Oct. 17

JOHN BIANCO: Plan Outline Okayed; Oct. 27 Confirmation Hearing Set
JOHN STOY: Court Denies Approval of Third Amended Plan Outline
JORGE RODRIGUEZ: Plan Outline Gets OK; Conf. Hearing on Nov. 23
JULIE HO: Unsecureds To Recover 13.74% Under Amended Plan
KDP BELLEFONTE: Unsecureds Will Receive No Distribution Under Plan

KEY ENERGY: Moody's Changes PDR to Ca; Outlook Remains Negative
KUBCO DECANTER: Taps Peter Johnson Law Office as Legal Counsel
KUM GANG: Unsecureds To Recoup 9.09218% Under 4th Amended Plan
LAST CALL: Hires SSG Advisors as Investment Banker
LAURA ELSHEIMER: Unsecureds To Be Paid in Full in 6 Months

LEA POWER: Fitch Affirms BB+ Rating on $245.7MM Secured Notes
LENNAR CORP: Fitch Affirms 'BB+' Issuer Default Rating
LEONEL DIAZ HERNANDEZ: Hearing on Plan Disclosures Set For Dec. 6
LEVEL 3 FINANCING: Fitch Hikes Issuer Default Rating to ‘BB’
LIGHT TOWER: Can Use Cash Collateral on Final Basis

LIQUIDNET HOLDINGS: S&P Affirms B Credit Ratings; Outlook Positive
MALIBU LIGHTING: Court Allows Consolidated Cash Collateral Use
MAMAMANCINI'S HOLDINGS: Recurring Losses Raises Going Concern Doubt
MANUEL RODRIGUEZ: Disclosures Conditionally OK'd; Nov. 9 Hearing
MANUFACTURERS ASSOCIATES: Cash Collateral Use Until Oct. 31 Okayed

MASO SUITES: Ricardo and Raquel Reynoso Want to Prohibit Cash Use
MEXICAN PETROLEUM: Recurris Losses Raises Going Concern Doubt
MICHAEL ROBINSON: Disclosures Conditionally OK'd; Oct. 18 Hearing
MLFTL INC: Nov. 15 Plan Confirmation Hearing
MOSAIC MANAGEMENT: Taps GlassRatner as Financial Advisors

N.E. DESIGNS: Seeks to Hire Kathryn M. Davis as Special Counsel
NEW GLOBAL ENERGY: Current Cash Position Casts Going Concern Doubt
NEWFIELD EXPLORATION: Moody's Raises CFR to Ba2; Outlook Stable
NOBLE ENVIRONMENTAL: Case Summary & 15 Unsecured Creditors
NOBLE ENVIRONMENTAL: Seeks to Hire American Legal as Claims Agent

NOBLE ENVIRONMENTAL: Unsecureds to Recoup 100% Under Plan
NORANDA ALUMINUM: Swiss Co. Buys New Madrid Smelter for $13.7-Mil.
NORDICA SOHO: Spring Street Sale Proceeds to Fund Plan Payments
NORMAN EDWARD MCMAHON: Amended Plan Has Update on Lift Stay Bids
NORSE-STAR JERSEYS: Taps Pittman & Pittman as Legal Counsel

PAMELA FROG: Wants to Use Bayview Fund's Cash Collateral
PELICAN REAL ESTATE: Examiner Taps Yip Associates as Accountant
PETER PITILIS: Disclosures OK'd; Plan Hearing Set For Nov. 1
PETERS MACHINE: Wants to Use Cash Collateral to Pay Wages
PLATFORM SPECIALTY: Moody's Rates Proposed $1.961BB Term Loan B2

PLATFORM SPECIALTY: S&P Rates Proposed $1.647BB Term Loan 'BB-'
POTOMAC PROMPT: Disclosures OK'd; Chapter 11 Plan Confirmed
PREMIER EXHIBITIONS: Seeks Exclusivity Extension Thru Jan. 10
PUERTO RICO: Governor Aims to Present Turnaround Plan in 2 Weeks
QUALITY FLOAT: Taps Warady & Davis as Accountants

RESORT SAVERS: Needs More Capital to Continue as a Going Concern
RICHARD ALLEN CHOJNACKI: Plan and Disclosures Due Oct. 31
RMS TITANIC: Equity Committee Taps Akerman as Co-Counsel
RMS TITANIC: Equity Committee Taps Landau as Legal Counsel
ROCHDALE SECURITIES: Wins $8-Mil. Award Against Pershing LLC

ROYAL COACHMAN: Case Summary & 7 Unsecured Creditors
SAN LUIS FACILITY: S&P Lowers Rating on Revenue Bonds to 'BB-'
SCRIPSAMERICA INC: Case Summary & 14 Unsecured Creditors
SENATE ACCEPTANCE: Files First Amended Plan of Liquidation
SETAI 3509: Junior Secured Lender to Be Paid in Installments

SFX ENTERTAINMENT: Files 5th Amended Plan of Reorganization
SHREE MELDIKRUPA: Oct. 24 Joint Plan, Disclosures Hearing
SIGNAL BAY: Negative Working Capital Raises Going Concern Doubt
SNEED SHIPBUILDING: Allowed to Obtain IPFS Premium Financing
SOTERA WIRELESS: Seeks Authorization to Use Cash Collateral

ST. JAMES NURSING: Amends Application to Employ Berry Advisors
STEAK N SHAKE: S&P Affirms 'B-' CCR Over Cancelled Note Offering
SUBASHINI DANIEL: Expects to Exit Ch. 11 by February 2017
TERENCE SCOTT HIGDON: Disclosure Statement Hearing on Nov. 1
TEXAS PELLETS: Seeks Approval of Modified Pellets Agreement

TEXAS PELLETS: Seeks Approval of Services Agreement with Wailua
THOMAS MITCHELL FENTON: Unsecureds To Get 35% in Plan Distribution
TJBC LLC: Seeks to Hire Kramer Holcomb as Special Counsel
TRINITY RIVER: Taps Conway MacKenzie as Financial Advisor
TRITON FOODS: Trustee Taps Bicher & Associates as Field Agent

TUL INVESTMENTS: Case Summary & 8 Unsecured Creditors
UCI HOLDINGS: Files Revised Joint Plan of Reorganization
UNITED METALS: Seeks to Hire Robert Bassel as Legal Counsel
UNIVISION COMMUNICATIONS: Fitch Affirms 'B' IDR, Outlook Stable
US VIRGIN ISLANDS WAPA: Fitch Cuts $131MM Rev. Bonds Rating to B+

USA SALES: Seeks to Hire M. Zubair Rawda as Accountant
UTSA APARTMENTS 8: Plan Confirmation Hearing on October 7
VANGUARD NATURAL: Misses $15M Payment Amid Sector Strain
VENT ALARM: Needs Until January 2017 to File Reorganization Plan
VICTOR DIAZ: Unsecureds To Be Paid in Full Up to 12 Months

VICTORIA TEODORESCU: Oct. 26 Plan Confirmation Hearing
WELLFLEX ENERGY: Unsecureds To Recover 3%-4% Under Liquidation Plan
WHITTEN FOUNDATION: Taps Lee Financial as Economic Advisor
WISPER II: GTP Structures Objects to the Disclosure Statement

                            *********

344 SOUTH STREET: Court Sets Plan Confirmation Hearing for Oct. 26
------------------------------------------------------------------
Judge Eric L. Frank of the U.S. Bankruptcy Court for the Eastern
District of Pennsylvania conditionally approved 344 South Street
Corp.'s Disclosure Statement, and scheduled the confirmation
hearing of the Plan to be held on October 26, 2016, at 11:00 a.m.

Judge Frank has set October 17, 2016, as the last day for filing
and serving written objections and acceptances or rejections of the
Plan.  The Court has also fixed October 21, 2016 as the last day
for filing and serving written objections to confirmation of the
Plan.

In addition, the Debtor is directed to file the Report of Plan
Voting on October 19, 2016.

General unsecured creditors of the Debtor will get 35% of their
claims under the Chapter 11 plan.  The Debtor will pay $152,716 to
Class 3 general unsecured creditors or 35% of their claims.  These
creditors will receive equal monthly payments beginning on Nov. 12,
2016, and ending on Nov. 12, 2020.  344 South Street will fund its
restructuring plan through cash flow from operations of the
business, according to the company's disclosure statement
explaining the plan.

A copy of the disclosure statement is available for free at
https://is.gd/xfy78d

       About 344 South Street

344 South Street Corp. has operated as a restaurant, serving
Spanish and Mexican cuisine in Philadelphia's South Street
District.

The Debtor sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. E.D. Penn. Case No. 15-18278) on November 17, 2015,
and is represented by Raheem S. Watson, Esq., at Watson LLC, in
Philadelphia, Pennsylvania.

At the time of the filing, the Debtor estimated assets and
liabilities below $500,000.


4-EVER-WATER-TITE: Nov. 7 Joint Plan, Disclosures Hearing
---------------------------------------------------------
Judge Mark A. Randon of the U.S. Bankruptcy Court for the Eastern
District of Michigan issued an order granting preliminary approval
of the disclosure statement explaining 4-Ever-Water-Tite, LLC's
plan of reorganization.

The hearing on objections to final approval of the adequacy of the
information in the disclosure statement and confirmation of the
plan will be held on November 7, 2016 at 11:00 a.m. before the
Honorable Mark A. Randon, United States Bankruptcy Judge, in
Courtroom 1825, 211 West Fort Street, Detroit, Michigan 48226.

The deadline to return ballots on the plan, as well as to file
objections to final approval of the adequacy of the information in
the disclosure statement and objections to confirmation of the plan
is October 28, 2016.

The deadline for all professionals to file final fee applications
is 30 days after the confirmation order is entered.

General unsecured creditors will not receive a distribution under
the company's proposed plan to exit Chapter 11 protection.

The restructuring plan classifies general unsecured creditors of
4-Ever-Water-Tite in Class 3.  These creditors, which assert a
total of $480,521 in claims, will not receive payments under the
plan.

Class 3 general unsecured creditors are impaired and entitled to
vote on the plan, according to the company's disclosure statement
explaining the plan.

A copy of the disclosure statement is available for free at
https://is.gd/JIl8Yq

                 About 4-Ever-Water-Tite

4-Ever-Water-Tite, LLC, a licensed residential builder in Michigan,
sought protection under Chapter 11 of the Bankruptcy Code (Bankr.
E.D. Mich. Case No. 16-43958) on March 17, 2016, and is represented
by Donald C. Darnell, Esq.

The petition was signed by Robert Gray, member-manager.  

The case is assigned to Judge Mark A. Randon.

At the time of the filing, the Debtor estimated assets of less
than
$50,000 and liabilities of less than $500,000.


435 ANN STREET: Litigation Proceeds to Fund Ch. 11 Plan
-------------------------------------------------------
435 Ann Street, LLC, filed an amended disclosure statement dated
September 26, 2016, which proposes to pay unsecured claims,
totaling $526, using proceeds from any recovery from an adversary
proceeding it filed against FCO, LLC, et al.

In resolution of issues raised by and between MainSource Bank, the
Debtor and MainSource reached a settlement agreement, which removed
the Debtor's real estate at 435 Ann Street, in New Haven, Indiana,
from the bankruptcy estate.

With the transfer of the 435 Ann Street real estate, the only
appreciable asset of the bankruptcy estate not subject to the lien
is the FCO, LLC, et al., adversary proceeding claim.  The adversary
proceeding seeks the entry of judgment for the recovery of the not
less than $147,230 the Debtor alleges that it paid over to and for
the benefit of FCO, LLC, et al., as part of the funding of the
accounting practice sale transaction involving FBCCPAG, LLC, Daniel
Hodges, and the other defendants in the adversary proceeding.
Recovery on this claim would provide funds for administration as
part of the Debtor's amended plan.

A full-text copy of the Disclosure Statement is available at
http://bankrupt.com/misc/16-20114-81.pdf

435 Ann Street, LLC, which owns real estate located at 435 Ann
Street, in New Haven, filed a Chapter 11 petition (Bankr. N.D. Ind.
Case No. 15-11407) on June 8, 2015, and is represented by Scot T.
Skekloff, Esq., at Skekloff & Skekloff, LLP.  The Debtor's property
consists of an office building with three tenants.


5 STAR INVESTMENT: Trustee Taps Recommind to Manage Data
--------------------------------------------------------
The Chapter 11 trustee of 5 Star Investment Group, LLC seeks
approval from the U.S. Bankruptcy Court for the Northern District
of Indiana to hire Recommind Inc.

Douglas Adelsperger, the court-appointed trustee, tapped the firm
to assist in the management of data being produced by the
Securities & Exchange Commission and other third parties.

Recommind will be paid an hourly rate of $200 for its services.

Bernard Huger, chief financial officer of Recommind, 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:

     Bernard Huger
     Recommind Inc.
     580 California Street, 7th Floor
     San Francisco, CA 94104
     Phone: 1.415.394.7899

                 About 5 Star Investment Group

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

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

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

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


A & E FURNITURE: Taps Robert O Lampl as Legal Counsel
-----------------------------------------------------
A & E Furniture seeks approval from the U.S. Bankruptcy Court for
the Western District of Pennsylvania to hire Robert O Lampl,
Attorney at Law.

The firm will serve as the Debtor's legal counsel in connection
with its Chapter 11 case.  The firm's professionals and their
hourly rates are:

     Robert O Lampl      $450
     John P. Lacher      $400
     David L. Fuchs      $375
     Ryan J. Cooney      $275
     Paralegal           $150

In a court filing, Mr. O Lampl disclosed that neither him nor
anyone in his law firm has any connection with the Debtor and its
creditors.

The firm can be reached through:

     Robert O Lampl, Esq.
     John P. Lacher, Esq.
     David L. Fuchs, Esq.
     Ryan J. Cooney, Esq.
     Robert O Lampl, Attorney at Law
     960 Penn Avenue, Suite 1200
     Pittsburgh, PA 15222
     Phone: (412) 392-0330
     Fax: (412) 392-0335
     Email: rlampl@lampllaw.com

                     About A & E Furniture

A & E Furniture sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. W.D. Pa. Case No. 16-10873) on September
14, 2016.  The petition was signed by August D'Onofrio, managing
member.  

At the time of the filing, the Debtor estimated assets and
liabilities of less than $50,000.


A CHICAGO CONVENTION: $6.75M Sale of Chicago Property Approved
--------------------------------------------------------------
Judge Deborah Thorne of the U.S. Bankruptcy Court for the Northern
District of Illinois authorized A Chicago Convention Center, LLC,
to sell its interest in real and personal property located at 8201
West Higgins Road, Chicago, Illinois to Friedman Properties, LLC,
for $6,750,000.

A Sale Hearing was conducted on Sept. 30, 2016.

The sale is free and clear of all encumbrances.

Pursuant to the Bidding Procedures Order, the Bank is the backup
bidder for the property, and the closing of the sale ("Closing")
will take place on Oct. 14, 2016 with either (a) Higgins Concorde,
LLC or (b) the Cathay Bank ("Bank") or its designee acting as the
Purchaser for the purposes of the Sale Order. If Higgins Concorde
fails to fund the purchase price by the sale deadline or otherwise
is unwilling or unable to complete the Closing, and the Closing
does not occur on the sale deadline, the Bank or its designee will
be deemed the Purchaser for the purposes of the Sale Order pursuant
to a credit bid of its debt secured by the property in the amount
of $6,000,000, and the Debtor will conduct the Closing and deliver
title to the property to the Bank or its designee as the Purchaser;
provided, however, that if another Backup Bidder was designated at
the auction, the Bank may consent to the Debtor conducting the
closing on the sale deadline with such other backup bidder, if any,
for an all cash purchase price in excess of $6,000,000.

Quality Excavators, Inc.'s original contractor's lien in the amount
of $100,000, recorded as Document No. 1305029025 with the Recorder
of Deeds for Cook County, Illinois, will be satisfied, and will no
longer be a lien upon the property pursuant to the terms of that
certain Settlement Agreement and Release dated as of Sept. 21,
2016, by and between the Bank and Quality.

The title company for the sale is authorized to make these
disbursements from the proceeds of the sale at the Closing, subject
to ordinary and reasonable adjustments at the time of the Closing:

   a. To the Bank in the amount of approximately $6,122,425;

   b. To the Madison Hawk Partners, LLC in the amount of $337,500;

   c. To Quality in the amount of $95,000;

   d. To the Treasurer of Cook County, Illinois for real property
taxes in the amount of approximately $146,478;

   e. To the North American Title Co. in the amount of
approximately $18,228; and

   f. Such other ordinary and customary seller closing costs
necessary to close the sale, (including transfer taxes of
approximately $30,375).

As provided by Rules 6004(h) and 6006(d) of the Federal Rules of
Bankruptcy Procedure, the Sale Order will not be stayed for 14 days
after its entry and will be effective immediately upon entry, and
the Debtor and the Purchaser are authorized to close the sale
immediately upon entry of the Sale Order.

                 About A Chicago Convention Center

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



ACCO BRANDS: Fitch Affirms ‘BB’ Issuer Default Rating
---------------------------------------------------------
Fitch Ratings has affirmed the ratings for ACCO Brands
Corporation's (ACCO) Issuer Default Rating (IDR) at 'BB'. The
Rating Outlook is Stable.

Fitch's ratings on ACCO are predicated on the company's stable free
cash flow and ongoing debt paydown, but constrained by concerns
regarding secular challenges and channel shifts within the
company's merchandise mix as well as the risk of further
debt-financed acquisitions. The time management (calendars) and
storage categories represent approximately 30% of ACCO's sales, and
both categories have seen declines given ongoing shifts online. In
addition, the office supply superstores, which represent 24% of
ACCO's sales, have been losing share to other players including
general merchants and online-only competitors.

KEY RATING DRIVERS

Limited Organic Growth Yields Tight Margin Management
The office products industry is experiencing a slow secular decline
due to a shift towards digital technologies. The growth of private
label penetration in the industry has further pressured sales of
branded products (including many of those in ACCO's portfolio).
Finally, channel shift away from the traditional office products
retailers and toward discounters and online-only players have
forced vendors like ACCO to optimize channel management to maintain
share. While ACCO benefits from its market leading position, with
over 80% of sales generated from products ranked #1/#2 in their
respective categories, the company has not been immune to industry
challenges.

To preserve and improve margin in the difficult operating
environment, ACCO has maintained a tight focus on its cost
structure and improved profitability despite negative or limited
organic growth. Further, the company has been and is likely to
continue exiting unprofitable business lines and relationships,
such as the 2015 exit from the tablet accessories market. As a
result of the company's efforts, EBITDA margins steadily increased
from the upper single digits in 2008 to almost 12% by 2011. Then,
through the highly accretive acquisition of MeadWestvaco
Corporation's Consumer & Office Products division (Mead) in May
2012, margin growth accelerated even further to more than 15% in
2015. To mitigate ongoing sector pressure, Fitch expects the
company will continue to actively manage its cost structure.

Growth through Acquisitions

ACCO intends to be a leader in this consolidating industry. Fitch
expects the company to focus on accretive acquisitions to reduce
costs with a positive benefit to profitability and FCF. However,
this will result in periodic increases in leverage. It partially
addressed the move to faster-growing mass channels with the
MeadWestvaco Consumer and Office Products division (Mead)
acquisition in 2012.

In second quarter 2016 (2Q16), ACCO announced the acquisition of
the remaining 50% of Pelikan Artline Pty Limited, its joint venture
(JV) company serving the Australia and New Zealand markets, as well
as the buyout of a minority interest in a subsidiary of the JV.
From a strategic standpoint, Fitch views the buyout as a modest
positive, as it will give ACCO control over its Australian business
and allow for cost synergies with existing operations.

Strong Cash Flow and Improving Leverage

ACCO has generated positive free cash flow (FCF) every year since
2007 except for 2012, which was modestly negative after adjusting
for approximately $78 million in transaction and refinancing fees
related to the Mead acquisition. The company has an excellent track
record in meeting its public FCF goals. The company generated
$146.6 million FCF in 2015, and Fitch expects it to be flat at
around $140 million in 2016, and around $150 million annually
thereafter.

Leverage, FCF, and margins have improved, supporting good liquidity
and access to the capital markets despite secular challenges. Fitch
views the company's focus on maintaining solid metrics and
directing much of its FCF to debt reduction as positive for the
rating. ACCO has demonstrated a strong track record in deleveraging
post its strategic acquisition of Mead in 2012. Bank covenant
leverage ratio was reduced from over 3.5x in 2012 to below 3x in
2015, and Fitch expects the company to continue directing a
meaningful portion of its FCF to debt paydown.

ASSUMPTIONS

   -- Revenue is expected to increase 5% to $1.58 billion in 2016
      as a result of the incremental $70 million in sales from the

      Australian JV purchase. Revenue for the existing ACCO
      business is expected to be flattish on a constant currency
      basis annually.

   -- EBITDA is expected to be in the $250 million range in 2016,
      as positive EBITDA from the Australian JV will be somewhat
      mitigated by the impact of the strong U.S. dollar on ACCO's
      operating results. Flattish sales, coupled with strong
      expense management, could keep EBITDA range-bound at around
      $250 million over the next several years, absent any
      acquisitions.

   -- FCF is expected to be around $140 million in 2016, in line
      with 2015 results, and $150 million thereafter. In 2016,
      Fitch anticipates ACCO will use FCF to pay down debt and
      continue to repurchase its equity. Absent an acquisition,
      which ACCO could finance with a combination of FCF and debt,

      Fitch assumes that beginning 2017 FCF is used to repurchase
      shares and reduce debt, driving leverage from the low-3.0x
      range in 2016 to below 3.0x.

RATING SENSITIVITIES

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

   -- An upgrade beyond the 'BB' range is possible if the company
      makes acquisitions that change its business mix or model to
      one with less cyclical or higher growth prospects while
      maintaining leverage below 3.0x. However, an upgrade is not
      anticipated in the near term given existing business model
      issues.

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

   -- Inability of the company to cut costs to offset the impact
      of declining sales and maintain current credit protection
      measures and cash flows.

   -- Sustained gross leverage at or above 4x, with FCF materially

      below expectations.

   -- A large debt-financed acquisition without a concrete plan to

      reduce debt meaningfully below 4x in the 24-month time frame

      post a transaction could lead to a negative rating action.

LIQUIDITY AND DEBT STRUCTURE

ACCO had ample liquidity of $229 million as of June 30, 2016,
composed of $96 million cash and cash equivalents, and revolver
availability of $133 million. Liquidity is expected to be even
higher at year-end, ACCO's seasonal peak. The company's debt
includes borrowings under its $300 million revolver ($158 million
outstanding as of June 30, 2016), term loans, and $500 million in
unsecured notes. As of June 30, 2016, outstanding term loan amounts
include $151 million on the company's U.S. term loan A and $74
million on the company's AUD term loan A, which was issued this
year to finance the Pelikan Artline Pty Limited JV buyout. Annual
term loan amortization is manageable at $30 million-$40 million per
year, with no significant maturities until 2020.

Fitch has assigned Recovery Ratings (RRs) to the various debt
tranches in accordance with criteria, which allows for the
assignment of RRs for issuers with IDRs in the 'BB' category. Given
the distance to default, RRs in the 'BB' category are not computed
by bespoke analysis. Instead, they serve as a label to reflect an
estimate of the risk of these instruments relative to other
instruments in the entity's capital structure. Fitch assigned an
'RR1' to first lien secured debt, notching up one from the IDR,
indicating outstanding recovery prospects (91% - 100%) given
default. The revolver and US Term Loan A are secured by
substantially all assets of ACCO while the AUD Term Loan A is
secured by substantially all assets of ACCO's Australian
subsidiary, ACCO Brands Australia Holding Pty. Unsecured debt will
typically achieve average recovery, and thus was assigned an 'RR4',
or 31% - 50% recovery.

FULL LIST OF RATING ACTIONS

Fitch has affirmed the following ratings:

   ACCO Brands Corporation

   -- Long-term Issuer Default Rating (IDR) at 'BB';

   -- $300 million senior secured revolving credit facility due
      April 2020 at 'BB+/RR1';

   -- $151 million senior secured US Term Loan A due April 2020 at

      'BB+/RR1';

   -- $500 million senior unsecured 6.75% notes due April 2020 at
      'BB/RR4'.

The bank revolving credit facility, US Term Loan A, and the senior
unsecured notes are guaranteed by domestic (mostly Delaware and
Nevada) subsidiaries.

In addition, Fitch has assigned the following rating:

   ACCO Brands Australia Holding Pty.

   -- $74 million (USD equivalent) AUD Term Loan A at 'BB+/RR1'.

The AUD Term Loan A is guaranteed by ACCO Brands Australia Holding
Pty, a wholly owned subsidiary of ACCO Brands Corporation, and
secured by substantially all assets of the subsidiary.

The Rating Outlook is Stable.


AIM STEEL: Case Summary & 20 Largest Unsecured Creditors
--------------------------------------------------------
Debtor: AIM Steel International, Inc.
        2366 Sylvan Road
        Atlanta, GA 30344

Case No.: 16-67661

Chapter 11 Petition Date: October 3, 2016

Court: United States Bankruptcy Court
       Northern District of Georgia (Atlanta)

Debtor's Counsel: Ian M Falcone, Esq.
                  THE FALCONE LAW FIRM PC
                  363 Lawrence Street
                  Marietta, GA 30060
                  Tel: (770) 426-9359
                  E-mail: attorneys@falconefirm.com

Total Assets: $578,812

Total Liabilities: $2.67 million

The petition was signed by David Brown, general manager.

A copy of the Debtor's list of 20 largest unsecured creditors is
available for free at http://bankrupt.com/misc/ganb16-67661.pdf


ALL PHASE STEEL: Can Continue Cash Collateral Use Until Oct. 31
---------------------------------------------------------------
Judge Julie A. Manning of the U.S. Bankruptcy Court for the
District of Connecticut authorized All Phase Steel Works, LLC, to
use cash collateral on an interim basis, until Oct. 31, 2016.

The Debtor's secured creditors are:

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

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

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

   (4) Corporate Service Co., as representative, which filed of
record another lien.  It cannot be determined who the agent is
acting on behalf of.

   (5) Metal Perreault Inc., which contends that it is secured in
the amount of $223,000 as to certain specific account receivables.


   (6) Allegheny Casualty Company, which issues surety bonds to the
Debtor in regard to 11 of its projects.

The Debtor represented that it has an immediate and continuing need
for the use of the prepetition collateral and the proceeds thereof
constituting cash collateral in order to continue the operation of,
and avoid immediate and irreparable harm to its business, and to
maintain and preserve going concern value.   The Debtor related
that without the ability to use the prepetition collateral and the
cash collateral, it will be unable to pay ongoing management,
payroll, raw material, insurance, utilities and other necessary
expenses related to the continued operation of the Debtor's
business, to generate cash flow, and to maintain the value of
Debtor's assets.  The Debtor further related that in that event,
its employees will be terminated.

The approved Budget for October 2016, provided for total expenses
in the amount of $176,000.

The IRS and CapCall, LLC, were granted adequate protection claims,
which will have priority in payment over any other indebtedness
and/or obligations and over all administrative expenses or charges
against property, subject to the Carve-Out.  As security for the
adequate protection claim, the IRS and CapCall LLC were granted a
replacement lien in the post-petition assets of the Debtor's
estate, equivalent in nature, priority and extent to the liens
and/or security interests of the IRS and CapCall LLC, in the
prepetition collateral and the proceeds and products thereof,
subject to the Carve-Out.

The Debtor was directed to pay $4,000 to the IRS as adequate
protection.

Allegheny Casualty Co., was afforded, among others, the right to
have reasonable access to the Debtor's books and records.

The Carve-Out consists of:

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

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

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

A further hearing on the continued use of cash collateral is
scheduled on Oct. 25, 2016 at 2:00 p.m.  The deadline for the
filing of objections to the continued use of cash collateral is set
on Oct. 20, 2016 at 4:00 p.m.

A full-text copy of the Order, dated Sept. 30, 2016, is available
at http://bankrupt.com/misc/AllPhaseSteelWorks2016_1650257_241.pdf

               About All Phase Steel Works

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


AMERICAN AXLE: Fitch Hikes Issuer Default Rating to 'BB'
--------------------------------------------------------
Fitch Ratings has upgraded the Issuer Default Ratings (IDRs) of
American Axle & Manufacturing Holdings, Inc. (AXL) and its
subsidiary American Axle & Manufacturing, Inc. (AAM) to 'BB' from
'BB-'. Fitch has also affirmed the rating on AAM's secured
revolving credit facility at 'BB+/RR1'. Fitch has upgraded AAM's
senior unsecured notes rating to 'BB/RR4' from 'BB-/RR4'.

AAM's ratings apply to a $523.5 million secured revolving credit
facility and $1.35 billion in senior unsecured notes. The Rating
Outlooks for both AXL and AAM are Stable.

KEY RATING DRIVERS

The upgrade of the IDRs for both AXL and AAM is driven by
improvement in the company's credit metrics, consistently solid FCF
generation and increased customer, product and geographical
diversification. Although the company remains heavily reliant on
General Motors Company's (GM) full-size truck program, it continues
to add new business with a variety of U.S., European and Asian auto
manufacturers, and 60% of its new business backlog over the 2016 to
2018 time frame is for customers other than GM. This increased
diversification has been partly driven by AXL's EcoTrac
disconnecting all-wheel drive system, which was initially offered
on two Fiat Chrysler Automobiles NV (FCA) platforms, but will be
offered on several other auto manufacturers' platforms over the
next several years. AXL also continues to invest in other new
technologies, such as its e-AAM electronic drive system, which will
give it more exposure to the growing hybrid and electric vehicle
markets, and its QUANTUM lightweight axle components.

Fitch's concerns include the continued concentration of AXL's
revenue base, despite its enhanced diversification; heavy
competition in the light vehicle driveline market; the loss of a
portion of its content on the next full-size GM truck platform; and
the sensitivity of the company's credit metrics to changes in its
operating performance. Although AXL will continue to diversify its
book of business over the intermediate term, GM is likely to remain
the company's largest customer by a wide margin for a number of
years, with GM's full-size truck platform contributing
substantially to the company's results. Fitch expects competition
in the light-vehicle driveline market to remain heavy over the
coming years, especially as AXL attempts to gain a foothold with
auto manufacturers it has not worked with before. Other, larger
suppliers also offer similar driveline technologies that offer some
of the same benefits of those being marketed by AXL. The company
has also shown in the past that its credit metrics can deteriorate
quickly in the event of a decline in its operating performance.

In 2015, AXL was selected as a target supplier under GM's Strategic
Sourcing Program (SSP) to provide axles and driveline equipment for
future generations of GM's full-size light truck and SUV program,
potentially locking in AXL on the program for more than a decade.
However, in conjunction with achieving target supplier status, AXL
expects that GM will procure 25% of AXL's current content from
other sources. Fitch views the loss of this high-margin business as
a credit negative and estimates that the content that will be lost
accounted for roughly 12% to 13% of AXL's revenue base in 2015.
Fitch expects that AXL will not see any effect of this lost
business for at least two years, giving the company time to
reallocate the capacity to other programs. As of June 30, 2016, AXL
had secured new future business sufficient to replace 60% of what
it expects lose from the GM light truck program. Fitch believes the
company has the ability to replace more of the lost business, but
the new programs are likely to carry lower margins, given the
significant scale efficiencies that AXL realizes on the GM
full-size light truck program.

Since the last recession, AXL has primarily targeted its cash
deployment toward organic business investments and strengthening
its balance sheet. With a stronger balance sheet, and with the
company producing solid FCF on a consistent basis, it has broadened
its cash deployment plans. In May 2016, AXL announced a relatively
modest $100 million share repurchase program that runs through
year-end 2018, and the company has begun to consider the
possibility of inorganic growth opportunities. Fitch expects the
share repurchase program will be funded with FCF, with no impact on
long-term debt, and that the company would slow repurchase
activities if it needed to conserve cash. As of June 30, 2016, AXL
had spent only $1.5 million on share repurchases under the program.
The effect of an acquisition on AXL's credit metrics would depend
on the size of the transaction and the amount of any incremental
debt, but after an acquisition the company would likely focus on
reducing incremental leverage resulting from the acquisition.

Fitch expects AXL to produce solidly positive FCF over the
intermediate term, with FCF margins generally running in the low-
to mid-single digit range. Fitch expects capital spending as a
percentage of revenue to run at about 5% over the intermediate
term, although it is likely to run closer to 6% in 2016 due to new
projects coming on line within the next year. FCF in the LTM ended
June 30, 2016 was $199 million, equal to a 5.1% FCF margin,
supported, in part, by strong production volumes in GM's full-size
light truck program. Fitch expects AXL's FCF margin to run in the
low-3% range for the full year 2016, down from 4.7% in 2015,
primarily as a result of the higher capital spending.

Fitch expects AXL's EBITDA leverage to run in the low- to mid-2x
range over the next several years, primarily as a function of
changes in EBITDA. Debt is likely to remain near the current $1.4
billion level, as the company has no significant debt maturities
until 2019, although its secured revolver comes due in 2018. Fitch
expects lease-adjusted EBITDAR leverage to run in the mid-2x over
the intermediate term, while funds from operations (FFO) adjusted
leverage is likely to run closer to the mid- to high-2x range. As
of June 30, 2016, AXL's actual EBITDA leverage
(debt/Fitch-calculated LTM EBITDA) was 2.3x, lease adjusted EBITDAR
leverage was 2.6x and FFO adjusted leverage was 3.2x.

Fitch expects AXL's liquidity to remain adequate over the
intermediate term. At June 30, 2016, AXL had $388 million in
unrestricted cash and cash equivalents, augmented by $513 million
of availability on its secured revolver (after accounting for about
$10 million in letters of credit backed by the facility). Fitch
estimates that about 56% of the company's unrestricted cash and
cash equivalents was located outside the U.S.

AXL's pension plans remain relatively well funded. At year-end
2015, the company's plans were 88% funded, with an unfunded status
of $80 million. The company contributed $20 million to its pension
plans in 2015. Due to prefunding balances, AXL has no required plan
contributions in 2016, although it could make voluntary
contributions to the plans. Given AXL's liquidity and FCF
prospects, Fitch does not view the company's pension plans as a
meaningful credit risk.

The Recovery Rating of 'RR1' assigned to AAM's secured revolving
credit facility reflects its collateral coverage, which includes
virtually all the assets of AXL and AAM, leading to expected
recovery prospects in the 90% to 100% range in a distressed
scenario. The Recovery Rating of 'RR4' assigned to AAM's senior
unsecured notes reflects Fitch's expectation that recovery
prospects would be average, in the 30% to 50% range, in a
distressed scenario.

KEY ASSUMPTIONS

   -- U.S. light vehicle sales run in the low- to mid-17 million
      range in 2016, and global sales rise in the low-single digit

      range;

   -- After 2016, U.S. industry sales plateau at around 17
      million, while global sales continue to rise modestly in the

      low-single digit range;

   -- Over the longer term, the company replaces the lost GM light

      truck business with new business at a lower margin;

   -- Debt remains steady around $1.4 billion over the next
      several years;

   -- Capital spending runs at about 6% of revenue in 2016 due to
      a program coming on line over the next year, and beyond 2016

      capital spending runs at about 5% of revenue;

   -- The company keeps between $250 million and $300 million in
      consolidated cash on hand, with any excess cash used for
      share repurchases or, potentially, an acquisition;

   -- The company completes its $100 million share repurchase
      program by year-end 2018.

RATING SENSITIVITIES

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

   -- Continued progress on diversifying the company's revenue
      base;

   -- Sustained FCF margins of 3.5% or higher;

   -- Sustained EBITDA leverage in the low- 2x range;

   -- Sustained FFO adjusted leverage in the mid- 2x range;

   -- Successfully replacing the lost 25% of the GM full-size
      light truck and SUV revenue with new business.

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

   -- Significant production inefficiencies and associated cash
      burn tied to the start-up of new programs;

   -- A rise in EBITDA leverage to above 3x for a sustained
      period;

   -- A rise in FFO adjusted leverage to 3.5x or higher for a
      sustained period;

   -- A sustained decline in the EBITDA margin to below 10%;

   -- Sustained FCF margins below 2%;

   -- A prolonged disruption in the production of GM's full-size
      pickups and SUVs.

Fitch has taken the following rating actions on AXL and AAM:

   AXL

   -- IDR upgraded to 'BB' from 'BB-'.

   AAM

   -- IDR upgraded to 'BB' from 'BB-';

   -- Secured revolving credit facility rating affirmed at  
      'BB+/RR1';

   -- Senior unsecured notes rating upgraded to 'BB/RR4' at 'BB-
      /RR4'.

The Rating Outlook is Stable.


ANGIOSOMA INC: Negative Cash Flow Raises Going Concern Doubt
------------------------------------------------------------
Angiosoma Inc. filed its quarterly report on Form 10-Q, disclosing
a net loss of $83.92 million on $1,665 of oil & gas sales for the
period from inception, April 29, 2016 through June 30, 2016.

The Company's balance sheet at June 30, 2016, showed $3.25 million
in total assets, $713,110 in total liabilities, and a stockholders'
equity of $2.54 million.

For the period from inception (April 29, 2016) through June 30,
2016, the Company had a net loss of $83,918 and negative cash flow
from operating activities of $12,001.  As of June 30, 2016, the
Company had negative working capital of $648,128.  Management does
not anticipate having positive cash flow from operations in the
near future.  These factors raise a substantial doubt about the
Company's ability to continue as a going concern.  

The Company does not have the resources at this time to repay its
credit and debt obligations, make any payments in the form of
dividends to its shareholders or fully implement its business plan.
Without additional capital, the Company will not be able to remain
in business.

A copy of the Form 10-Q is available at:
                              
                       https://is.gd/F8x2Tv

                       About Angiosoma Inc.

Angiosoma Inc., a Nevada corporation, was incorporated on September
16, 2010.  The Company was formed to design and manufacture both
panel and engineered/tooled custom vacuum formed instrument panels
and wiring harnesses, required for the monitoring of any final
product that utilizes a gas or diesel engine source.  The Company
is currently primarily an oil and gas exploration company.



AONE TOUCH: Seeks to Hire Harrison Ross Byck as Legal Counsel
-------------------------------------------------------------
Aone Touch Inc. seeks approval from the U.S. Bankruptcy Court for
the District of New Jersey to hire legal counsel in connection with
its Chapter 11 case.

The Debtor proposes to hire Harrison Ross Byck, Esq., to provide
legal services, which include assisting the Debtor in formulating
and in seeking confirmation of a Chapter 11 plan.  

Mr. Byck will be paid an hourly rate of $450 for his services.

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

Mr. Byck's contact information is:

     Harrison Ross Byck, Esq.
     Law Offices of Kasuri Byck, LLC
     340 Route 1 North
     Edison, NJ 08817
     Tel: (732) 253-7630
     Fax: (732) 253-7632 fax
     Email: lawfirm@kasuribyck.com

                         About Aone Touch

Aone Touch Inc. sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. D.N.J. Case No. 16-25592) on August 12,
2016.  The petition was signed by George Sara, president.  

The case is assigned to Judge Kathryn C. Ferguson.

At the time of the filing, the Debtor estimated assets of less than
$50,000 and liabilities of less than $500,000.


ARROYO VISION: Secured Creditor Seeks Nov. 2 Plan Outline Hearing
-----------------------------------------------------------------
PA Investment Fund, LLC, has filed a plan of liquidation and
accompanying disclosure statement for Arroyo Vision Care, LLC, and
has asked the U.S. Bankruptcy Court for the Central District of
California to convene a hearing on November 2, 2016, at 2:00 p.m.,
to consider the adequacy of the disclosure statement.

PA Investment is a secured creditor.

The Secured Creditor is represented by:

     Raymond H. Aver, Esq.
     LAW OFFICES OF RAYMOND H. AVER
     A Professional Corporation
     10801 National Blvd, Suite 100
     Los Angeles, CA 90064
     Tel: (310) 571-3511
     Email: ray@averlaw.com

        -- and --

     Saul Reiss, Esq.
     LAW OFFICES OF SAUL REISS, P.C.
     2800 28th Street, Suite 328
     Santa Monica, CA 90405
     Tel: (310) 450-2888
     Email: saulreiss@verizon.net

               About Arroyo Vision Care, LLC

Arroyo Vision Care, LL filed a Chapter 11 bankruptcy petition
(Bankr. C.D. Cal. Case No. 16-10742) on January 20, 2016. Judge
Sheri Bluebond presides over the case. The Michael D. Kwasigroch
Law Firm represented 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 Gary Lefkowitz, CEO.

Elissa Miller has been appointed as the Chapter 11 Trustee for the
Debtor.  The Chapter 11 Trustee is represented by Grobstein Teeple
LLC as her accountants.


ATLAS DISPOSAL: Seeks to Hire Todd Marrazzo as Accountant
---------------------------------------------------------
Atlas Disposal Options Inc. seeks approval from the U.S. Bankruptcy
Court for the District of New Jersey to hire an accountant.

The Debtor proposes to hire Todd Marrazzo of Marrazzo P.A. to
provide accounting services in connection with its Chapter 11 case.


Mr. Marrazzo's contact information is:

     Todd S. Marrazzo
     Marrazzo P.A.
     1035 Route 46 East, Suite B101
     Clifton, New Jersey 07013
     Tel: (201) 654-7471

The Debtor is represented by:

     Richard Fogel, Esq.
     Vernon Colonial Plaza
     P.O. Box 747, Rte 94
     McAfee, NJ 07428
     Tel: (973) 827-3933
     Fax: (973) 827-7379
     Email: rfogel@centurylink.net

                  About Atlas Disposal Options

Atlas Disposal Options Inc. sought protection under Chapter 11 of
the Bankruptcy Code (Bankr. D. N.J. Case No. 16-19253) on May 12,
2016.  The petition was signed by Paul Masser, president.  

The case is assigned to Judge Vincent F. Papalia.

At the time of the filing, the Debtor disclosed $347,640 in assets
and $1.05 million in liabilities.


BARRY CARAVAN: Court Approves Disclosures, Confirms Plan
--------------------------------------------------------
Judge Bruce A. Harwood of the U.S. Bankruptcy Court for the
District of New Hampshire approved Barry J. and Sally A. Caravan's
Amended Disclosure Statement and confirmed the Debtors' Amended
Plan on September 14, 2016.

Judge Harwood directed the Debtors to file an application for final
decree pursuant to the provisions of Bankruptcy Rule 3022 and LBR
3020-1 on or before October 31, 2016.  He also permitted the
Debtors to file a motion requesting additional retention of
jurisdiction for specific matters on or before November 14, 2016,
where such further retention of jurisdiction granted by the court
shall be provided for in a supplementary order on such motion.

A full-text copy of the Order Confirming Plan dated September 14,
2016 is available at http://tinyurl.com/j3dmvgj



BASS PRO: S&P Puts 'BB-' CCR on CreditWatch Negative
----------------------------------------------------
S&P Global Ratings said that it placed its ratings on Springfield,
Mo.-based Bass Pro Group LLC, including the 'BB-' corporate credit
rating, on CreditWatch with negative implications.

The CreditWatch placement followed the announcement that Bass Pro
will acquire Cabela's at a valuation of approximately
$5.5 billion.  The transaction is expected to close in 2017.  It
has been reported that the company has secured $2.4 billion in
preferred financing from Goldman and Pamplona; however, the terms
of this financing and the details around how the company will
finance the remainder have not yet been disclosed.  S&P believes
that the transaction will most likely result in meaningful
additional debt and higher leverage for Bass Pro over the next
12-24 months.

A negative CreditWatch placement indicates at least a 50%
likelihood that S&P could lower the ratings.  In addition to the
possibility of increased leverage, S&P believes that the Cabela's
acquisition will introduce meaningful integration and operating
risks for Bass Pro, as this acquisition is much larger than any of
the others the company has executed.  S&P will also take into
consideration the eventual competitive position and strategy of the
combined companies, potential synergies, possible regulatory risk,
and management's financial policy regarding its credit metrics
target and use of free operating cash flow.

S&P expects to resolve the CreditWatch placement after evaluating
the business and financial impact of the transaction, the financing
details, and management's financial policies, and capital
structure, as soon as such information becomes available. S&P could
lower the rating if Bass Pro decides to materially increase its
balance-sheet debt to fund this transaction and S&P believes that
leverage will remain above 5.0x on a sustained basis.  S&P's views
on the competitive position of the larger company will also be an
important factor in the resolution of the CreditWatch and S&P's
decision regarding a potential downgrade.  S&P plans to provide an
update once further details on the financing structure are
available.


BC ACQUISITIONS: Case Summary & 3 Unsecured Creditors
-----------------------------------------------------
Debtor: BC Acquisitions, LLC
        P.O. BOX 310097
        New Braunfels, TX 78131

Case No.: 16-52245

Chapter 11 Petition Date: October 3, 2016

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

Judge: Hon. Craig A. Gargotta

Debtor's Counsel: James Samuel Wilkins, Esq.
                  WILLIS & WILKINS, LLP
                  711 Navarro St Suite 711
                  San Antonio, TX 78205
                  Tel: 210-271-9212
                  Fax: 210-271-9389
                  E-mail: jwilkins@stic.net

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Allen Torans, Jr., managing member.

A copy of the Debtor's list of three unsecured creditors is
available for free at http://bankrupt.com/misc/txwb16-52245.pdf


BELIEVER'S BIBLE: Hires Macey Wilensky as Attorneys
---------------------------------------------------
Believer's Bible Christian Church, Inc., seeks authorization from
the U.S. Bankruptcy Court for the Northern District of Georgia to
employ the law firm of Macey, Wilensky & Hennings, LLC, as
attorneys.

The Debtor requires Macey Wilensky to:

     (a) give Debtor legal advice with respect to its powers and
duties as the Debtor-in-Possession in the management of its
property;

     (b) prepare on behalf of the Debtor as the
Debtor-in-Possession necessary schedules, applications, motions,
answers, orders, reports and other legal matters;

     (c) assist in the examination of the claims of the creditors;

     (d) assist with the formulation and preparation of the
disclosure statement and plan of reorganization and with the
confirmation and consummation; and,

     (e) perform all other legal services for the Debtor as the
Debtor-in-Possession that may be necessary.

Macey Wilensky professionals will be paid at these hourly rates:

         Frank B. Wilensky            $450.00
         Todd E. Hennings             $425.00
         William A. Rountree          $350.00
         Todd H. Surden               $240.00
         Chris C. Guthrie             $150.00
         Armin Naghashzaadeh          $175.00
         Sandra H. McConnell          $120.00
         K. Mike Furlong              $120.00
         Sharon Wenger                $120.00

The Debtor paid a retainer of $13,600.00 to Macey, Wilensky
pre-petition. The retainer is intended as a security and not a
general retainer. Macey Wilensky maintains a security interest in
the funds under applicable law.

William A. Rountree, partner of Macey Wilensky, assured the Court
that the firm is a "disinterested person" as the term is defined in
Section 101(14) of the Bankruptcy Code and does not represent any
interest adverse to the Debtors and their estates.

Macey Wilensky can be reached at:

         William A. Rountree, Esq.
         MACEY, WILENSKY & HENNINGS, LLC
         303 Peachtree Street, N.E.
         Atlanta, GA 30308

          About Believer's Bible Christian Church

Believer's Bible Christian Church, Inc. filed a chapter 11 petition
(Bankr. N.D. Ga. Case No. 08-61958) on Feb. 4, 2008.  The Debtor is
represented by Paul Reece Marr, Esq., at Paul Reece Marr, P.C. The
case is assigned to Judge Joyce Bihary.  The Debtor estimated
assets and debts at $1 million to $10 million at the time of the
filing.


BIRCH GROVE: Can Continue Using Cash Collateral Until Dec. 31
-------------------------------------------------------------
Judge Carl L. Bucki of the U.S. Bankruptcy Court for the Western
District of New York, authorized Birch Grove Landscaping & Nursery,
Inc., to continue using cash collateral, in which the Bank of Akron
and the Estate of Gordon E. Fisher have or claim liens, on an
interim basis, through December 31, 2016.

The approved Budget covers the period beginning with the week
beginning September 26, 2016 and ending with the week beginning
Dec. 26, 2016.  The Budget provides for total operating
expenditures in the amount of $8,025 for the week beginning Oct. 3,
2016; $6,950 for the week beginning Oct. 10, 2016; and $8,525 for
the week beginning Oct. 17, 2016.

The Secured Creditors were granted rollover replacement liens in
the Debtor's post-petition assets, of the same validity, extent and
relative priority and on the same types and kinds of collateral as
they possessed prepetition, to the extent of cash collateral
actually used.

The Debtor was directed to make monthly adequate protection
payments to the Bank of Akron, in the combined total amount of
$8,419, which consists of monthly interest on the Debtor's secured
prepetition liabilities to Bank of Akron in the amount of $4,419
per month and payments of principal, in the combined total amount
of $4,000 per month.

A further hearing on the Debtor's use of cash collateral is
scheduled on Dec. 19, 2016 at 10:00 a.m.

A full-text copy of the Interim Order, dated Sept. 30, 2016, is
available at
http://bankrupt.com/misc/BirchGrove2015_11511984clb_209.pdf

          About Birch Grove Landscaping & Nursery

Headquartered in East Aurora, New York, Birch Grove Landscaping &
Nursery, Inc., filed for Chapter 11 bankruptcy protection (Bankr.
W.D.N.Y. Case No. 15-11984) on Sept. 18, 2015, estimating its
assets and liabilities at between $1 million and $10 million each.

The petition was signed by Jason L. Burford, chief operating
officer.

Judge Carl L. Bucki presides over the case.

Daniel F. Brown, Esq., at Anreozzi, Bluestein, Weber, Brown, LLP,
serves as the Debtor's bankruptcy counsel.



BRADLEY LOTT: Unsecureds to Get $15,000 for Five Years
------------------------------------------------------
Bradley T. Lott filed a plan of reorganization and accompanying
disclosure statement proposing that holders of allowed unsecured
claims will receive a pro rata distribution incident to its allowed
general unsecured claim based on four payments each year of $15,000
for five years.

The first payment will be due on or before January 31, 2017.  The
payments will continue to be made on the same date each year until
the earlier occurs of (i) the respective claim is paid in full, or
January 31, 2022.

Holders of allowed general unsecured claims will also receive a pro
rata distribution incident to its allowed general unsecured claim
based on the sale of the Debtor's real property at 600 Hillcrest
Harrison of $27,044.  If the real property does not sell by June
30, 2021, the Debtor will increase the final payment by the amount
of $27,044 to be distributed to creditors.

A full-text copy of the Disclosure Statement dated September 26,
2016, is available at http://bankrupt.com/misc/16-47951-30.pdf

Bradley T. Lott filed a Chapter 11 petition (Bankr. E.D. Mich. Case
No. 16-47951) on May 27, 2016.

The Debtor is the president and owner of Lott Wealth Management,
LLC, which provides financial planning services to clients through
an independent contractor agreement with D.B. French & Co.  Prior
to the Petition Date, the Debtor was named defendant in litigation
with Morgan Stanley Smith Barney LLC and Morgan Stanley Smith
Barney FA Notes Holding LLC regarding their previous business
relationship.  The legal fees to defend the litigation were quickly
outpacing the Debtor's monthly income.  Ultimately, the Debtor was
forced to seek Chapter 11 bankruptcy protection.

The Debtor is represented by:

     Charles D. Bullock, Esq.
     Ernest M. Hassan, III, Esq.
     Michelle Stephenson, Esq.
     Stevenson & Bullock, P.L.C.
     26100 American Drive, Suite 500
     Southfield, MI 48034
     Tel: (248) 354-7906
     Fax: (248) 354-7907
     Email: cbullock@sbplclaw.com
            ehassan@sbplclaw.com
            mstephenson@sbplclaw.com


BRIGID GIAMBRONE: Unsecureds To Be Paid $216K Under Plan
--------------------------------------------------------
Brigid Giambrone filed with the U.S. Bankruptcy Court for the
Eastern District of New York a disclosure statement in support of
the Debtor's Chapter 11 plan.

Under the Plan, holders of Class 12 General Unsecured Claims will
be paid pro rata, a total of $216,000, to be paid in monthly
installments of $3,000 within 10 days after the Effective Date and
$3,000 per month for a period of 71 months thereafter, and
confirmation of the Plan will serve to release any holder of a
Class 12 claim as of the Petition Date of any claim or cause of
action against the holder (other than defenses of setoff or
recoupment).  Payments on Class 12 claims will be mailed to the
address of the creditor on the proof of claim unless the creditor
files a change of address notice with the Court.  Any check mailed
to the proper address and returned by the post office as
undeliverable, or not deposited within 180 days, will be void and
the funds retained may be retained by the Debtor.

The Debtor will fund this Plan from income from her social security
and pension income, rents from real estate and the contribution
from the Debtor's husband.  The Debtor will retain the assets of
the estate, and will pay ordinary living expenses, pay the
operating expenses for the real estate, and pay the creditors the
amounts set forth in the Plan.  The Debtor reserves her right to
start or continue any adversary proceeding to collect any debts, or
to pursue claims in any court of competent jurisdiction.  

The Disclosure Statement is available at:

           http://bankrupt.com/misc/nyeb16-42610-45.pdf

Brigid Giambrone is an individual resident of Richmond County who
is retired an earns a pension and a social security income.  The
Debtor, and her husband, own six residential real properties which
generate a rental income.  The Debtor's husband contributes from
his own income towards the jointly owned properties.

The Debtor filed for Chapter 11 bankruptcy protection (Bankr.
E.D.N.Y. Case No. 16-42610) on June 14, 2016.  Fredrick P. Stern,
Esq., at Fredrick P. Stern & Associates PC serves as the Debtor's
bankruptcy counsel.


BSG HOLDINGS: Taps Middlebrooks Shapiro as Legal Counsel
--------------------------------------------------------
BSG Holdings, LLC seeks approval from the U.S. Bankruptcy Court for
the District of New Jersey to hire Middlebrooks Shapiro P.C.

The firm will serve as the Debtor's legal counsel in connection
with its Chapter 11 case.  The firm's professionals and their
hourly rates are:

     Melinda D. Middlebrooks     $400
     Joseph M. Shapiro           $350
     Jessica M. Minneci          $300
     Angela Nascondiglio         $250
     Paralegals/Law Clerks        $90

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

The firm can be reached through:

     Joseph M. Shapiro, Esq.
     Middlebrooks Shapiro P.C.
     841 Mountain Avenue, First Floor
     Springfield, New Jersey 07081
     Tel: (973) 218-6877
     Email: jshapiro@middlebrooksshapiro.com

                       About BSG Holdings

BSG Holdings, LLC sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. D. N.J. Case No. 16-26627) on August 30,
2016.  The petition was signed by Laxmichand Gudhka, managing
member.  

The case is assigned to Judge Vincent F. Papalia.

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


BUFFETS LLC: Proposes to Close Restaurants, Slash Debt
------------------------------------------------------
Katy Stech, writing for The Wall Street Journal Pro Bankruptcy,
reported that the operator of the Old Country Buffet, Ryan's and
other restaurant chains is aiming to close two dozen of its roughly
150 locations and repay a fraction of its unsecured debt upon its
exit from bankruptcy.

According to the report, in court papers filed Sept. 30, Buffets
LLC, which operates in 24 states, outlined its plans to emerge from
chapter 11 protection with a smaller geographic footprint.  The
chain operated more than 300 restaurants in 35 states when an
affiliate of Food Management Partners Inc. bought it in August
2015, the report said, citing documents filed in U.S. Bankruptcy
Court in San Antonio.

Under the proposal, the affiliate, Alamo Ovation LLC, will remain
the company's owner after Buffets emerges from bankruptcy, the
report related.

Unsecured creditors owed between $100 million and $115 million are
expected to recover about 5% of their claims, the report said.  The
exact amount will depend on whether lawsuits successfully pull in
additional money to split up among creditors, the report further
related.

                         About Buffets LLC

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

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

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

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

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


CAESARS ENTERTAINMENT: Laywers, Advisers Made $300M+ in Ch.11 Case
------------------------------------------------------------------
Jacqueline Palank and Sarah Chaney, writing for The Wall Street
Journal Pro Bankruptcy, reported that the bill for Caesars
Entertainment Operating Co.'s year- and-a-half-long battle with
creditors is in and it comes to $301.3 million.

According to the report, the casino company disclosed the cost in a
bankruptcy-court filing on Sept. 30, after announcing a settlement
that will bring peace to the $18 billion restructuring.  The fees
and expenses, which Caesars paid between the date of its Jan. 15,
2015, bankruptcy filing through Aug. 31, 2016, have gone to the
roughly two dozen law, investment-banking, consulting and other
professional firms on its chapter 11 payroll, the report pointed
out.

The report further pointed out that not only does CEOC have to foot
the bills of its advisers -- apart from Kirkland, they include
investment bankers at Millstein & Co. and a chief restructuring
officer from AlixPartners LLP -- but also those of its creditors,
including the two official creditor committees, for the junior
bondholders and unsecured creditors.

CEOC also paid the professional fees of two creditor groups that
have consistently supported its restructuring -- its senior bank
lenders and senior bondholders, the report related.  While not
required, it is common for a company in bankruptcy to throw money
to such creditors in exchange for their backing, the report noted.

                   About Caesars Entertainment

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

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

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

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

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

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

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

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

                         *     *     *

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

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

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


CAPE COD: Unsecureds To Recoup 25% Under Second Amended Plan
------------------------------------------------------------
Cape Cod Commercial Linen Service, Inc., and This Is It, LLC, filed
with the U.S. Bankruptcy Court for the District of Massachusetts a
second amended disclosure statement dated Sept. 23, 2016, with
respect to the second amended jointly administered Debtors' Chapter
11 plan of reorganization.

General Unsecured Claims are classified under Classes 4A and 4B.  

Class 4A consists of all general unsecured creditors of CCCLS.  The
Debtors project that the principal amount of allowed Class 4
general unsecured claims will total approximately $2,650,000.  This
includes deficiency claims of the SBA and MGCC, as well as all
other holders of general unsecured claims.  In a liquidation,
unsecured creditors would likely receive no distribution on account
of their claims.  Nevertheless, CCCLS will pay to each holder of an
allowed Class 4 claim a total amount equal to 25% of the allowed
claim, payable over five years.  Payment will be made from the cash
flow of operations.  The initial 20% of the payment will be made on
the Effective Date, and the remaining payments will be made over a
period of five years, and will be payable in 20 equal, consecutive
quarterly payments, beginning on the first day of the first full
quarter after the Effective Date.  

In addition, Class 4A claimants will receive: (a) 75% of any cash
over the budgeted cash at end of period for the period
corresponding to the Effective Date anniversary each year for five
years; and (b) in the event of a sale of the company or
substantially all of its assets within five years of the Effective
Date, 75% of the net proceeds up to a maximum of 100% of their
claims.  A sale for these purposes will not include a refinancing
that results in the payment in full of the debt to Cape Cod Five,
but results in no other funds to the Debtor.  Class 4A is impaired.


Class 4B consists of all general unsecured claims of This Is It.
The only members of the class are the Small Business Administration
and Mass Growth Capital Corp, each of which holds undersecured
mortgages on the This Is It property.   Class 4B creditors will
receive their distributions as Calss 4A creditors, but will receive
no separate distribution as Class 4B creditors.  
Class 4B is impaired.

The Plan is intended to permit CCCLS to continue to operate the
commercial laundry business at the This Is It location in Hyannis,
in order to repay the Debtors' primary secured creditor and to
provide a dividend to the unsecured creditors of CCCLS.

The Second Amended Disclosure Statement is available at:

           http://bankrupt.com/misc/mab16-11811-68.pdf

The Second Amended Plan was filed by the Debtors' counsel:

     David B. Madoff, Esq.
     Steffani M. Pelton Nicholson, Esq.
     MADOFF & KHOURY LLP
     Pine Brook Office Park
     124 Washington Street, Suite 202
     Foxboro, MA 02035
     Tel: (508) 543-0040
     E-mail: madoff@mandkllp.com

                    About Cape Cod Commercial

Cape Cod Commercial Linen Service, Inc., based in Hyannis,
Massachusetts, filed a Chapter 11 petition (Bankr. D. Mass. Case
No. 16-11811) on May 13, 2016.  Hon. Joan N. Feeney presides over
the case.  David B. Madoff, Esq., and Steffani Pelton Nicholson,
Esq., at Madoff & Khoury LLP, serves as counsel to Cape Code
Commercial. The Debtor's financial advisor is Bruce A. Erickson of
B. Erickson Group, LLC.  In its petition, the Debtor listed total
assets of $1.24 million and liabilities of $4.62 million. The
petition was signed by Jeffrey Ehart, president.

This Is It, LLC, based in Hyannis, Massachusetts, filed a Chapter
11 petition (Bankr. D. Mass. Case No. 16-11813) on May 13, 2016.
Hon. Joan N. Feeney presides over the case.  This Is It tapped
David B. Madoff, Esq., and Steffani Pelton Nicholson, Esq., at
Madoff & Khoury LLP, as bankruptcy counsel.  In its petition, This
Is It listed $2.20 million in assets and $3.05 million in
liabilities.  The petition was signed by Jeffrey Ehart,
president/manager.

The Debtors' cases are jointly administered.


CAPITOL BC RESTAURANTS: Taps Paul E. Saperstein as Broker
---------------------------------------------------------
Capitol BC Restaurants, LLC seeks approval from the U.S. Bankruptcy
Court for the District of Massachusetts to hire Paul E. Saperstein
Co., Inc.

The firm will assist the Debtor, either as a broker or an
auctioneer, in selling its personal property.

Paul E. Saperstein will request compensation, which is 15% of the
sale price in the event of a private sale of the property.  If the
property is sold by public auction, the firm will request
compensation not to exceed 10% of the first $100,000 realized from
the sale, 4% of the next $400,000, and 3% of the balance.

Michael Saperstein, a principal of Paul E. Saperstein Co.,
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 Saperstein
     Paul E. Saperstein Co., Inc.
     144 Centre Street
     Holbrook, MA 02343
     Phone: (617) 227-6553

                  About Capitol BC Restaurants

Capitol BC Restaurants, LLC sought protection under Chapter 11 of
the Bankruptcy Code (Bankr. D. Mass. Case No. 16-12666) on July 13,
2016.  The petition was signed by Bruce A. Ericks, CEO.  

The case is assigned to Judge Joan N. Feeney.

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


CH KIM: ReadyCap Wants to Prohibit Cash Use, Seeks Protection
-------------------------------------------------------------
ReadyCap Lending, LLC, asks the U.S. Bankruptcy Court for the
Northern District of Alabama for relief from the automatic stay, or
in the alternative, for adequate protection.  ReadyCap Lending also
asks the Court to prohibit CH KIM, LLC's use of cash collateral, or
in the alternative, to grant ReadyCap Lending with adequate
protection.

ReadyCap tells the Court that the Debtor is indebted to it in the
amount of $546,994 as of the Petition Date.  ReadyCap further tells
the Court that it has a security interest and lien on certain
collateral, including all of Debtor's equipment, fixtures,
machinery, furniture, inventory, accounts, instruments, chattel
paper, general intangibles, documents, and certain of the Debtor's
cash.  ReadyCap further tells the Court that the value of the
collateral is substantially less than the amounts owed to it.
ReadyCap adds that the Debtor has not made any payments on its
indebtedness since the Petition Date.

ReadyCap contends that it is entitled to adequate protection of its
interests in the cash and collateral.  ReadyCap further contends
that since it already has fully perfected, first priority security
interests in the collateral, a replacement lien on ReadyCap's
interest in the collateral without any cash payments does not
provide adequate protection of ReadyCap's interest.  ReadyCap
asserts that absent a showing that the Debtor can provide ReadyCap
with adequate protection, the Debtor should be prohibited from
using ReadyCap's cash collateral without its consent.

ReadyCap argues that the Court should grant it relief from the
automatic stay for cause due to lack of adequate protection of
ReadyCap's collateral.  ReadyCap further argues that its interest
in its collateral is not adequately protected, due in part to the
default under the Note and the Debtor's failure to make any
payments to ReadyCap during the case.

ReadyCap asserts that if the Court determines not to grant ReadyCap
stay relief, the Court should require the Debtor to provide
ReadyCap with adequate protection for its use of the Collateral, in
the alternative.

A full-text copy of ReadyCap Lending, LLC's Motion dated Sept. 30,
2016, is available at
http://bankrupt.com/misc/CHKIMLLC2016_1681749crj11_44.pdf

ReadyCap Lending is represented by:

          Matthew M. Cahill, Esq.
          BAKER, DONELSON, BEARMAN,
          CALDWELL & BERKOWITZ, P.C.
          420 North 20th Street, Suite 1400
          1400 Wells Fargo Tower
          Birmingham, AL 35203
          Telephone: (205) 328-0480
          E-mail: mcahill@bakerdonelson.com

                        About CH Kim

Ch Kim, LLC, dba Calvin's Cleaners, owns a dry cleaning business
with a cleaning plant and several retail locations in North
Alabama.  The Debtor sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. N.D. Ala. Case No. 16-81749) on June 16,
2016.  The petition was signed by Chan Hi Kim, owner.  The Debtor
is represented by Tazewell T. Shepard, Esq., at Sparkman, Shepard &
Morris, P.C.  The Debtor estimated assets at $50,001 to $100,000
and liabilities at $500,001 to $1 million at the time of the
filing.


CHESAPEAKE ENERGY: Fitch to Rate $1.1BB Unsecured Notes 'B-(EXP)'
-----------------------------------------------------------------
Fitch Ratings expects to rate Chesapeake Energy's (NYSE: CHK),
recently announced private placement of $1.1 billion aggregate
principal amount of 5.5% convertible senior unsecured notes due
2026 'B-'(EXP)/'RR4'. The notes are convertible into cash, CHK
common stock, or a combination of both, upon certain specified
circumstances at Chesapeake's election. The 5.5% notes mature on
Sept. 15, 2026 and can't be redeemed by Chesapeake prior to Sept.
15, 2019.

Chesapeake may redeem the notes at its option on or after Sept. 15,
2019 subject to specified parameters in the private placement
memorandum. The company intends to use the proceeds of the offering
for general corporate purposes, including terming out its
maturities as they come due, and paying down outstanding borrowings
under the revolver. The notes will be pari-passu with existing
senior unsecured debt.

KEY RATING DRIVERS

Chesapeake's ratings reflect its considerable size with the
potential for more liquids-focused production, substantial asset
base, and strong operational execution and flexibility with ongoing
improvements leading to competitive production and cost profiles.
Fitch views the company's focus on completion activities, instead
of drilling, in 2016 positively. This more closely aligns current
capital spending with production and, as a consequence, with cash
flows.

These considerations are offset by the company's levered capital
structure; continued exposure to legacy drilling, purchase, and
overriding royalty interest obligations; natural gas-weighted
profile that results in lower netbacks per barrel of oil equivalent
(boe) relative to liquid peers; and weaker realized natural gas
prices after differentials are incorporated. Fitch recognizes,
however, that Chesapeake has made significant progress in its
financial and operational deleveraging efforts since 2013,
including the recently announced Barnett Shale conveyance and
Mid-Continent renegotiation that management expects to improve
midstream gathering, processing, and transportation expenses,
albeit at an upfront cash cost of approximately $400 million.

The company reported year-end 2015 net proved reserves of over 1.5
billion boe, which is a year-over-year reduction of approximately
39% mainly due to price-related reserve revisions. Production
continues to show activity- and asset sale-related declines at
approximately 658 thousand boe per day (mboepd; 25% liquids)
resulting in a quarter-over-quarter decline of 2%.

Fitch estimates Chesapeake's balance sheet debt/EBITDA to be
approximately 7.2x for the latest 12 months ended June 30, 2016,
compared to 3.9x and 2.6x for the years ended Dec. 31, 2015 and
2014, respectively. Fitch calculated debt/flowing barrel metrics
were over $19,200 as of June 30, 2016. Fitch's base case currently
forecasts debt/EBITDA of approximately 8.5x in 2016. This assumes
the completion of an additional $1 billion (total $2 billion for
2016) in asset sales limiting the need for credit facility
borrowings. Upstream leverage metrics are projected to remain
relatively steady through 2016.

KEY ASSUMPTIONS

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

   -- Base case WTI oil price that trends up from $42/barrel in
      2016 to a long-term price of $65/barrel;

   -- Base case Henry Hub gas that trends up from $2.35/mcf in
      2016 to a long-term price of $3.25/mcf;

   -- Production of approximately 625 mboepd and 547 mboepd in
      2016 and 2017, respectively;

   -- Liquids mix declines to 25% in 2016 followed by an
      improvement to 27% in 2017;

   -- Differentials are projected to exhibit improving trends over

      the near- and medium-term due to recent gathering,
      processing, and transportation cost relief and some
      Marcellus basis tightening;

   -- Capital spending is forecast to be $1.25 billion and $2
      billion in 2016 and 2017, respectively;

   -- Asset sales of $2 billion assumed to be completed in 2016
      followed by a robust level of asset sales over the next
      couple of years;

   -- Continued suspension of preferred and common dividends
      medium-term;

   -- No increase in long-term balance sheet debt assumed.

RATING SENSITIVITIES

Positive: No upgrades are currently contemplated given weakening
credit metrics associated with low oil & gas prices. Future
developments that may, individually or collectively, lead to a
positive rating action include:

For an upgrade to 'B':

Maintenance of size, scale, and diversification of Chesapeake's
operations with some combination of the following metrics:

   -- Mid-cycle balance sheet debt/EBITDA under 6.0x - 7.0x on a
      sustained basis;

   -- Balance sheet debt/flowing barrel under $40,000 - $45,000 on

      a sustained basis;

   -- Continued progress in materially reducing adjusted debt
      balances and simplifying the capital structure;

   -- Improvements in realized oil & gas differentials.

To resolve the Negative Outlook at 'B-':

   -- Asset sale execution that alleviates the company's near-term

      reliance on its revolving credit facility to help fund FCF
      deficits;

   -- Improving oil & gas price environment and sufficient
      liquidity to help address escalating maturities profile;

   -- Mid-cycle balance sheet debt/EBITDA under 7.0x-8.0x on a
      sustained basis;

   -- Balance sheet debt/flowing barrel under $45,000 - $50,000 on

      a sustained basis.

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

   -- Mid-cycle balance sheet debt/EBITDA above 8.0x on a
      sustained basis;

   -- Balance sheet debt/flowing barrel over $55,000 on a
      sustained basis;

   -- An unwillingness or inability to execute asset sales, if
      necessary, to help address forecasted FCF shortfalls and
      debt maturities;

   -- A persistently weak oil & gas pricing environment that
      impairs the longer-term value of Chesapeake's reserve base.

LIQUIDITY

Cash & equivalents, as of June 30, 2016, were approximately $4
million. Additional liquidity is provided by the company's amended
$4 billion senior secured credit facility ($3.1 billion available
as of June 30, 2016) due December 2019. The next borrowing base
redetermination date was rescheduled and postponed until June
2017.

Chesapeake, as of Aug. 4, 2016, has hedged about 75% of its
projected oil and natural gas production for the remainder of 2016,
or approximately 12.1 mmboe and 373 Bcf, at approximately
$46.60/barrel and $2.77/mcf, respectively. The company has also
been adding 2017 oil and natural gas hedges for approximately 7.7
mmboe and 290 Bcf at approximately $47.79/barrel and $3/mcf,
respectively.

EVOLVING MATURITIES PROFILE

The company has an escalating maturities profile with approximately
$1.4 billion, $850 million, $1 billion, and $1.1 billion due
between 2017 and 2020. These amounts include the approximately $730
million and $315 million in contingent convertible senior notes
with holders' demand repurchase dates in May 2017 and December
2018, respectively. If oil & gas prices remain depressed in the
medium term, Fitch believes it is likely that the contingent
convertible senior notes holders will exercise their demand rights
for a cash repurchase given the five-year demand repurchase date
schedule and considerable spread between the current stock price
and conversion threshold. The recently announced debt tenders
should help to further improve the company's near-term maturity
profile.

SUSPENDED AND MODIFIED MAINTENANCE COVENANTS

Financial covenants, as defined in the amended credit facility
agreement, have been suspended until September 2017 with the
exception of the interest coverage ratio. The coverage ratio was
reduced to 0.65x through March 2017, increasing to 0.7x through
June 2017, and reverting to 1.2x in September 2017 and to 1.25x
thereafter. During the covenant suspension period, Chesapeake has
agreed to maintain a minimum liquidity amount of $500 million that
increases to $750 million if collateral coverage falls below 1.1x
as of Dec. 31, 2016. Other customary covenants across debt
instruments restrict the ability to incur additional liens, make
restricted payments, and merge, consolidate, or sell assets, as
well as change in control provisions. The company also has amended,
under the terms of the credit agreement, its ability to incur
secured debt to up to $2.5 billion.

FULL LIST OF RATING ACTIONS

Chesapeake Energy Corporation:

   -- Senior unsecured notes 'B-'(EXP)/'RR4'.

Fitch currently rates Chesapeake Energy Corporation as follows:

   -- Long-Term IDR 'B-';

   -- Senior secured bank facility 'BB-'/'RR1';

   -- Senior secured term loan 'BB-'/'RR1';

   -- Senior secured second lien notes 'B+'/'RR2';

   -- Senior unsecured notes 'B-'/RR4'

   -- Convertible preferred stock 'CCC'/'RR6'.

The Rating Outlook remains Negative.


CHINA FISHERY: Seeks $1.9M Private Sale of Golf Club Membership
---------------------------------------------------------------
China Fishery Group Ltd. (Cayman) and affiliates ask the U.S.
Bankruptcy Court for the Southern District of New York to authorize
the private sale of The Hong Kong Golf Club membership memorialized
by Certificate No. 0936 ("Golf Club Membership") to Biel Crystal
Manufactory Ltd. ("Purchaser") for HK$15,100,000 (or approximately
USD$1,947,445).

A hearing on the Motion is set for Oct. 25, 2016 at 2:00 p.m. (NY
Time).  The objection deadline is Oct 18, 2016 at 4:00 p.m. (NY
Time).

The Debtors, along with certain non-Debtor affiliated entities, are
part of a corporate family known as the Pacific Andes Group, which
is one of the world's foremost vertically integrated seafood
companies.  The Pacific Andes Group provides seafood products to
leading global wholesalers, processors and food service companies
and has operations across the seafood value chain.

Pacific Andes International Holdings Ltd. (Bermuda) ("PAIH"), a
debtor, owns memberships to Golf Club. One of those memberships is
the Golf Club membership which has a monthly subscription fee of
HK$2,840 (or approximately US$366).

Prior to the Petition Date, PAIH entered into an agreement, dated
April 26, 2016 ("April 2016 Agreement"), with potential purchaser,
the Biel Crystal (HK) Manufactory Ltd. ("Initial Purchaser") to
sell the Golf Club Membership for HK$15,000,000 (or approximately
USD$1,934,548), inclusive of a transfer fee payable to the Golf
Club of HK$3,200,000 (or approximately USD$412,704).  Accordingly,
the net sum to be received by PAIH upon the sale closing was
HK$11,800,000 (or approximately USD$1,521,844).

The April 2016 Agreement states that the Golf Club Membership was
to be purchased free and clear of all charges, mortgages, liens,
encumbrances, equities and claims of any kind.  There are no liens,
claims or encumbrances on the Golf Club Membership.

The sale was brokered by Everfine Membership Services Ltd., which
is a Hong Kong-based regional operation specializing in providing
brokerage services for the sale, rental and purchase of golf and
country club, social club, marina and yacht club memberships,
including memberships in the Golf Club.

The Confirmation Agreement required the transfer of the Golf Club
Membership to be completed within 3 months of the date of the
Confirmation Agreement and was subject to approval by the Golf
Club.  A 1% service fee (or HK$150,000 which is approximately
US$19,345) was to be paid by PAIH to Everfine upon completion of
the transfer of the Golf Club Membership.  The 1% service fee is
Everfine's usual and customary fee for providing brokerage
services.  Accordingly, after closing of the sale and payment of
the 1% service fee, the net payment to PAIH would be HK$11,650,000
(or approximately US$1,502,499).

Prior to PAIH entering into the Confirmation Agreement and the
April 2016 Agreement, PAIH contacted several other brokers to sell
the Golf Club Membership.  In addition to Everfine, PAIH contacted
Sakura Membership Services Ltd. and Noblesse Membership Service
Ltd. and obtained 3 proposed sale confirmation agreements for a
corporate membership with the Golf Club.

Sakura proposed a sale of a golf club membership for HK$14,000,000
(or approximately US$1,805,578), inclusive of a transfer fee
payable to the Golf Club of HK$3,200,000 (or approximately
US$412,704) and a 1% service fee of the total consideration with
10% discount which was HK$126,000 (or approximately US$16,250).  A
sale of the Golf Club Membership through Sakura would result in net
payment to PAIH of HK$10,674,000 (or approximately US$1,276,624).

The first proposed sale confirmation offered by Noblesse, dated
March 11, 2016, was for HK$14,700,000 (or approximately
US$1,895,857), including a transfer fee payable to the Golf Club of
HK$3,200,000 (or approximately US$412,704) and 1% commission to
Noblesse of HK$147,000 (or approximately US $18,959).  Based on the
offer, a sale of the Golf Club Membership through Noblesse would
result in net payment to PAIH of HK$11,353,000 (or approximately
US$1,464,195).

The second proposed sale confirmation offered by Noblesse, dated
April 1, 2016, was for HK$14,300,000 (or approximately
US$1,844,269), including a transfer fee payable to the Golf Club of
HK$3,200,000 (or approximately US$412,704) and 1% commission to
Noblesse of HK$143,000 (or approximately US $18,443).  Based on the
offer, a sale of the Golf Club Membership through Noblesse would
result in net payment to PAIH of HK$10,957,000 (or approximately
US$1,413,123).

Based on information obtained from Everfine, a second-hand
membership in a golf club, such as the Golf Club Membership, costs
HK$15,000,000 (or approximately USD$1,934,548).

In light of the offers for the Golf Club Membership, PAIH decided
to enter into the Confirmation Agreement with Everfine and the
April 2016 Agreement with the Initial Purchaser as the best and
highest offer for the Golf Club Membership.

As required by the April 2016 Agreement, the Initial Purchaser and
PAIH informed the Golf Club of the proposed transfer of the Golf
Club Membership and sought the Golf Club's approval for the
transfer. By letter dated July 7, 2016, the Golf Club requested
that the Initial Purchaser submit another application using a
financial entity that is registered in Hong Kong with more
significant assets and/or trading history together with the
requisite financial information.

Accordingly, on or about July 12, 2016, the parties re-executed a
sale and purchase agreement for the Golf Club Membership ("July
2016 Agreement") on the same terms and conditions as the April 2016
Agreement with the Purchaser, a company related to the Initial
Purchaser.  The parties then entered into an amendment to the July
2016 Agreement dated Aug. 18, 2016 ("Amendment").

A copy of the April 2016 Agreement attached to the Motion is
available for free at:

         http://bankrupt.com/misc/China_Fishery_160_Sales.pdf

Pursuant to the Amendment, the consideration was increased to
HK$15,100,000 (or approximately USD$1,947,445) which included a
transfer fee payable to Golf Club of HK$3,300,000 (or approximately
USD$425,601).  The net sum to be received by PAIH upon the transfer
remained, as under the April 2016 Agreement, HK$11,800,000 (or
approximately USD$1,521,844).  Notwithstanding the increase in
purchase price, the service fee due to Everfine remained at
HK$150,000 (or approximately US$19,346).

By letter dated Aug. 19, 2016, the Golf Club notified the Purchaser
of the approval of the transfer of the Golf Club Membership upon
terms and conditions agreed to by the parties.

By check dated Aug. 25, 2016, the Purchaser paid HK$15,100,000 (or
approximately USD$1,947,445) to the Golf Club and, in turn, the
Golf Club issued a check to PAIH in the amount of HK$11,800,000 (or
approximately USD$1,521,844) dated Sept. 3, 2016.  The monies
received by the Debtors from the sale of the Golf Club Membership
are currently being held by the Debtors pending outcome of the
Motion.  The proposed sale was disclosed to bankruptcy counsel in
connection with preparation for the 11 U.S.C. Section 341 meeting
and the proposed sale was disclosed during that meeting on Sept.
21, 2016.

Prior to the transaction, the Debtors had no relationship with the
Initial Purchaser nor the eventual Purchaser, nor had the Debtors
previously conducted business with either the Initial Purchaser or
the eventual Purchaser.  PAIH was, at all times, seeking to
maximize the return on the Golf Club Membership and engaged in
good-faith, arm's-length negotiations with the brokers, including
Everfine, the Initial Purchaser and the eventual Purchaser.
Likewise, the Debtors believe that the brokers, including Everfine,
the Initial Purchaser and the eventual Purchaser engaged with PAIH
in good-faith and at arm's length.

Accordingly, the Debtors request the Court to approve the private
sale of the Golf Club Membership nunc pro tunc to the Purchaser,
the terms of the sale, authorize the employment, retention of and
payment to Everfine, as broker, nunc pro tunc to June 30, 2016, and
grant related relief.

The Purchaser can be reached at:

          BIEL CRYSTAL (HK) MANUFACTORY LTD.
          BR No. 61066817 of Room A5
          Block A, 10/F., Mei Hing Industrial Building
          16-18 Hing Yip Street
          Kwun Tong, Hong Kong

                 About China Fishery Group

China Fishery Group Limited (Cayman) and its affiliates sought
protection under Chapter 11 of the Bankruptcy Code (Bankr. S. D.
N.Y. Case No. 16-11895) on June 30, 2016.  The petition was signed
by Ng Puay Yee, chief executive officer.  

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

At the time of the filing, the Debtor estimated its assets at $500
million to $1 billion and debts at $10 million to $50 million.

Howard B. Kleinberg, Esq., Edward J. LoBello, Esq. and Jil
Mazer-Marino, Esq. of Meyer, Suozzi, English & Klein, P.C. serve
as
legal counsel.  The Debtor has tapped Goldin Associates, LLC, as
financial advisor and RSR Consulting LLC as restructuring
consultant.


CHOUDRIES INC: Taps Campbell Commercial as Real Estate Agent
------------------------------------------------------------
Choudries Inc. seeks approval from the U.S. Bankruptcy Court for
the Middle District of Pennsylvania to hire a real estate agent.

The Debtor proposes to hire Campbell Commercial Real Estate Inc. in
connection with the sale of its real properties located in
Susquehanna Township and Salem Borough, Pennsylvania.

The Susquehanna Township property will be sold for $900,000 while
the other property will be sold for $450,000, according to court
filings.

Campbell will receive a commission of 8% of the sale price of each
property.

Arthur Campbell disclosed in a court filing that his firm does not
have any interest adverse to the Debtor's estate or its creditors.

The firm can be reached through:

     Arthur D. Campbell
     Campbell Commercial Real Estate Inc.
     525 N. 12th Street, Suite 203
     Lemoyne, PA 17043
     Tel: (717) 737-6161
     Fax: (717) 737-9640
     Email: art@acampbell.net

                       About Choudries Inc.

Headquartered in Mechanicsburg, Pennsylvania, Choudries Inc. dba
Super Seven Food Mart filed for Chapter 11 bankruptcy protection
(Bankr. M.D. Pa. Case No. 16-02475) on June 13, 2016, and is
represented by Gary J. Imblum, Esq., at Imblum Law Offices, P.C.
The petition was signed by Abdul Akhter, president.  The Debtor
estimated its assets and liabilities at between $1 million and $10
million each.  Judge Mary D. France presides over the case.


CHRISTINE GOOD: Court Denies Approval of Disclosure Statement
-------------------------------------------------------------
Judge John K. Olson of the U.S. Bankruptcy Court for the Southern
District of Florida, for the reasons stated on the record during
the September 12, 2016, hearing, denied approval of the disclosure
statement explaining Christine Good's bankruptcy-exit plan.
Approval of the Disclosure Statement is denied without prejudice.

As reported in the TCR, Ms. Good's restructuring plan provides that
general unsecured creditors, which hold $419,620 in claims, will
share pro rata in a total distribution of $10,000 to be paid over
five years.  The Debtor proposes to make 20 quarterly payments to
general unsecured creditors.

                      About Christine Good

Christine Good sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. S.D. Fla. Case No. 15-25289) on Aug. 24, 2015.  The
Debtor is represented by Chad T. Van Horn, Esq., at Van Horn Law
Group, P.A., in Fort Lauderdale, Florida.


CLAIRE'S STORES: Moody's Lowers CFR to Ca; Outlook Remains Neg.
---------------------------------------------------------------
Moody's Investors Service downgraded to Ca from Caa3 the corporate
family rating of Claire's Stores, Inc., and took rating actions on
various instruments.  The outlook remains negative.

                        RATINGS RATIONALE

"These rating actions result from Claire's closing its exchange
offer, which we characterized as a distressed exchange, as well as
new credit facilities which were issued in tandem with the closing
of the exchange," stated Moody's Vice President Charlie O'Shea.
"Despite the benefits to the capital structure resulting from the
exchange, we continue to believe that Claire's is in an acute
competitive and operational environment, with the re-engineering of
the balance sheet a stopgap measure that effectively only buys the
company this holiday season."

Downgrades:

Issuer: Claire's Stores, Inc.
  Corporate Family Rating, Downgraded to Ca from Caa3
  Senior Secured Bank Credit Facility, Downgraded to Caa3(LGD3)
   from Caa2(LGD3)
  Senior Secured Regular Bond/Debenture, Downgraded to Caa3(LGD3)
   from Caa2(LGD3)

Outlook Actions:

Issuer: Claire's Stores, Inc.
  Outlook, Remains Negative

Affirmations:

Issuer: Claire's Stores, Inc.
  Probability of Default Rating, Affirmed Ca-PD
  Speculative Grade Liquidity Rating, Affirmed SGL-4
  Senior Subordinated Regular Bond/Debenture, Affirmed C(LGD6)
  Senior Secured Regular Bond/Debenture, Affirmed C(LGD5 from
   LGD4)
  Senior Unsecured Regular Bond/Debenture, Affirmed C(LGD5 from
   LGD4)

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

Claire's Stores, Inc., headquartered in Hoffman Estates, IL, is a
specialty retailer of value priced jewelry and fashion accessories
for preteens and young adults with annual revenues of about $1.4
billion.  Claire's is owned by Apollo.


CLARK-CUTLER-MCDERMOTT: Court OKs Interim Cash Collateral Use
-------------------------------------------------------------
Judge Christpher J. Panos of the U.S. Bankruptcy Court for the
District of Massachusetts authorized Clark-Cutler-McDermott and its
affiliated Debtors to use cash collateral on an interim basis.

The Debtors were authorized to use cash collateral for payroll,
401(k) payments, union pension, insurance, and utilities, among
others.  The Debtors were authorized to spend a total of $32,036
for the week ending October 7, 2016, and $72,267 for the week
ending October 14, 2016.

An evidentiary hearing on the continued use of cash collateral is
scheduled on October 14, 2016 at 9:30 a.m.  The deadline for the
filing of objections to the continued use of cash collateral is set
on October 13, 2016 at 12:00 p.m.

A full-text copy of the Order, dated Sept. 30, 2016, is available
at
http://bankrupt.com/misc/ClarkCutlerMcDermott2016_1641188_311.pdf

            About Clark-Cutler-McDermott Company

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

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

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



CLEAR CREEK RETIREMENT: Grant Brooker No Longer Committee Member
----------------------------------------------------------------
Grant Brooker of Bennett Truck Transport, LLC, is no longer a
member of the official committee of unsecured creditors of Clear
Creek Retirement Plan II LLC, according to a Sept. 30 notice filed
by the U.S. Trustee for Region 18 with the U.S. Bankruptcy Court
for the Western District of Washington.

The remaining members of the committee are:

     (1) Barbara J. Morrett
         Bmorrrett12@gmail.com

     (2) Robert L. Doremus for
         Sound Investments
         P.O. Box 2661
         Gig Harbor, WA 98335
         Phone: (253) 307-3725
         Fax: (253) 858-2313
         Email: bob@sound-investments.com

     (3) Leonard Glaser for
         Glaser Family Limited Partnership
         5414 NE 81st Ave, Apt 313T
         Vancouver, WA 98862
         Phone: (360) 896-0100
         Fax: (360) 896-0828
         Email: lglaser@ransier.com

     (4) George Makari
         gmakari@yahoo.com

                       About Clear Creek

Rusty Fields formed Washington limited liability company Clear
Creek Retirement Plan II LLC on Nov. 8, 2011.  The sole purpose was
to acquire real property in Williston, North Dakota and to hold it
for resale or to develop it for residential housing. This
development is known commonly as the "Ironwood" subdivision and
includes thirty-two single-acre residential building lots.

The Debtor sought protection under Chapter 11 of the Bankruptcy
Code in the U.S. Bankruptcy Court for the Western District of
Washington (Tacoma) (Bankr. W.D. Wash., Case No. 16-40547) on Feb.
12, 2016.  The petition was signed by Rusty D. Fields, manager.

The Debtor is represented by John R. Rizzardi, Esq., at Cairncross
& Hempelmann, P.S.  The case is assigned to Judge Brian D. Lynch.

The Debtor disclosed total assets of $9.88 million and total debts
of $8.56 million.


CNO FINANCIAL: Fitch Maintains BB+ Senior Unsecured Notes Rating
----------------------------------------------------------------
Fitch Ratings is maintaining the ratings of CNO Financial Group
Inc. (CNO) on Rating Watch Negative, following the company's
announcement yesterday that it is recapturing its closed-block
long-term care business that was reinsured by Beechwood Re Ltd.
(Beechwood) since late 2013, and taking an associated charge
estimated to be $55 million.

Fitch placed the ratings on Negative Watch on Aug. 3, 2016
following the reports of links between Beechwood and Platinum
Partners, a hedge fund that is currently under investigation by
federal authorities and is reportedly in the process of liquidating
its funds.

KEY RATING DRIVERS

The Negative Watch reflects Fitch's view that, while CNO's
announcement yesterday suggests strong progress in addressing the
evolving risks associated with the Beechwood reinsurance agreement,
sufficient uncertainty remains around the final outcome of an
ongoing trust assets audit to maintain the Rating Watch. Should the
final outcome result in no material variance from the company's
estimates released yesterday, Fitch would expect to affirm CNO's
ratings with a Stable Outlook.

As part of the recapture process, CNO is expected to contribute
approximately $200 million of additional capital to Washington
National Insurance Company (WNIC) to back the additional reserves
that will return to the companies' balance sheet. Management has
indicated that this will result in an estimated consolidated
risk-based capital ratio of approximately 450% at Sept. 30, 2016,
which is within Fitch's expectations for the company's current
ratings.

Following the capital contribution to WNIC, CNO expects to have
approximately $175 million of cash and investments at the holding
company, which exceeds 24 months of interest and other holding
company expenses. Fitch takes a favorable view of management's
decision to suspend its share repurchase program for the remainder
of 2016 to reinforce its holding company capital position.


Fitch will continue to monitor developments around this matter and
will take rating action if warranted by emerging information.

RATING SENSITIVITIES

Key rating triggers that could lead to an affirmation of all
ratings include:

   -- Completion of the audit of Level 3 assets associated with
      the Beechwood reinsurance agreement with no material
      additional writedowns;

   -- Successful completion of recapture of the closed-block long-
      term care business associated with the Beechwood reinsurance

      agreement;

   -- No material deterioration in other credit metrics.

Key rating triggers that could lead to a downgrade include:

   -- A significantly adverse resolution to the reinsurance matter

      discussed above;

   -- Combined NAIC RBC ratio less than 325% and operating
      leverage above 20x;

   -- Deterioration in operating results;
  
   -- Decline in fixed charge coverage to below 5x;

   -- Significant increase in credit-related impairments;

   -- Financial leverage above 30%.

FULL LIST OF RATING ACTIONS

Fitch has maintained the following ratings on Rating Watch
Negative:
  
   CNO Financial Group, Inc.

   -- IDR 'BBB-';

   -- 4.50% senior unsecured notes due May 30, 2020 'BB+';

   -- 5.25% senior unsecured notes due May 30, 2025 'BB+'.

   Bankers Life and Casualty Company
   Bankers Conseco Life Insurance Company
   Colonial Penn Life Insurance Company
   Washington National Insurance Company

   -- IFS 'BBB+'.


CONVATEC HEALTHCARE: S&P Puts 'B+' CCR on CreditWatch Positive
--------------------------------------------------------------
S&P Global Ratings placed all of its ratings on ConvaTec Healthcare
B S.a.r.l., including the 'B+' corporate credit rating, on
CreditWatch with positive implications.

S&P also assigned a preliminary rating of 'BB' to ConvaTec
Healthcare D S.a.r.l. and ConaTec Inc.'s proposed $800 million
senior secured term loan B.  The newly rated term loan B will have
a recovery rating of preliminary '3', indicating S&P's expectations
for meaningful recovery (50%-70%, at the lower end of the range) in
the event of a payment default.

"The CreditWatch placement follows the company's announcement that
it intends to launch an IPO. The company intends to use the net
proceeds from the offering to repay its U.S.-dollar-denominated
term loan B and Euro-denominated term loan B along with its
unsecured U.S.-dollar-denominated notes and unsecured
Euro-denominated notes," said credit analyst Luca Taylor.  "Pro
forma for the IPO and debt repayment, we estimate the company's
adjusted debt to EBITDA (including adjustments for operating leases
and other debt-like items) will have decreased to 3.4x compared
with the 14.0x prior to the transaction.  Although the company's
financial sponsors, Avista Partners and Nordic Capital, will still
retain majority ownership after completion of the IPO, we expect
they will exit their ownership position over the next two to three
years.  Our expectation to assign a 'BB' corporate credit rating
upon the IPO, incorporates our view that the company's free cash
flow and operating trends are weaker than 'BB+'-rated peers."

S&P plans to resolve the CreditWatch placement following completion
of the IPO and deleveraging of the capital structure.

Given the significant reduction in total leverage and S&P's
expectation that the company will maintain a conservative financial
policy and prioritize further deleveraging, S&P expects to raise
its corporate credit rating on ConvaTec by two notches to 'BB.'
S&P will also likely move the corporate credit rating to the
parent-level entity that will issue financial statements.

Alternatively, if the IPO does not materialize, S&P would expect
affirm its ratings and assign a stable outlook.


COSI INC: Has Court Nod to Use Cash Collateral
----------------------------------------------
Judge Melvin S. Hoffman of the U.S. Bankruptcy Court for the
District of Massachusetts authorized Cosi, Inc. to use cash
collateral.  Judge Hoffman directed the Debtor's counsel to file
and serve a proposed form of the Cash Collateral Order by the close
of business on Oct. 3, 2016.  A full-text copy of the Order, dated
Sept. 30, 2016, is available at
http://bankrupt.com/misc/CosiInc2016_1613704_44.pdf

                     About Cosi, Inc.

Cosi -- http://www.getcosi.com/-- is an international fast casual  
restaurant company.  There are currently 45 Company-owned and 31
franchise restaurants operating in fourteen states, the District of
Columbia, Costa Rica and the United Arab Emirates.

Cosi, Inc. and its affiliated Debtors filed chapter 11 petitions
(Bankr. D. Mass. Case No. 16-13704-MSH) on Sept. 28, 2016.  The
Debtors are represented by Joseph H. Baldiga, Esq. and Paul W.
Carey, Esq., at Mirick, O'Connell, DeMallie & Lougee, LLP.


COTY INC: Moody's Assigns Ba1 Rating on Sr. Sec. Bank Facilities
----------------------------------------------------------------
Moody's Investors Service assigned definitive Ba1 ratings to Coty
Inc.'s senior secured bank credit facilities.  Moody's also
assigned definitive Ba1 ratings to the senior secured credit
facilities at Galleria Co (Galleria), its acquired Beauty Business
(formerly referred to as Beauty Business New Co).  These
instruments were originally assigned provisional (P)Ba1 ratings. In
addition, Moody's assigned an SGL-2 Speculative Grade Liquidity
rating to Coty Inc.  The company's Ba1 Corporate Family Rating and
Ba2-Probability of Default ratings were also affirmed.  The rating
outlook is stable.  The assignment of definitive ratings reflects
the closing of Coty Inc.'s acquisition of Procter and Gamble's
beauty brands which took effect Oct. 1.  The ratings also reflect
that all credit facilities benefit from the cross guarantees and
cross collateralization of Coty, Galleria and other domestic
subsidiaries.

These ratings were affirmed:

  LT Corporate Family Rating at Ba1
  Probability of Default rating at Ba2-PD

These ratings were assigned:

Coty Inc.
  $157 mil. (EUR140) Senior Secured Term Loan A due 2020 at Ba1
   (LGD2)
  $1500 mil. Senior Secured Revolving Credit Facility expiring
   2020 at Ba1 (LGD2)
  $1750 mil. Senior Secured Tern Loan A due 2020 at Ba1 (LGD2)
  $364 mil. (EUR325) Senior Secured Term Loan B due 2022 at Ba1
   (LGD2)
  $500 mil. Senior Secured Term Loan B due 2022 at Ba1 (LGD2)
  $746 mil. Senior Secured Term Loan B due 2022 at Ba1 (LGD2)
  Speculative Liquidity Rating of SGL 2

Galleria Co

  $1500 mil. Senior Secured Revolving Credit Facility expiring
   2020 at Ba1 (LGD2)
  $2000 mil. Senior Secured Term Loan A due 2020 at Ba1 (LGD2)
  $1000 mil. Senior Secured Term Loan B due 2022 at Ba1 (LGD2)

The rating outlook is stable

                         RATINGS RATIONALE

Coty's Ba1 CFR reflects the company's large scale, its portfolio of
strong brands, and good product diversification tempered by
moderate leverage, event risk and growth challenges.  It also
reflects Moody's view that Coty will continue to be aggressive with
respect to its financial policy and acquisition strategy. Coty's
concentration in fragrance and color cosmetics creates cyclical
exposure to discretionary consumer spending.  It also requires
continuous product and brand investment to minimize revenue
volatility as these categories tend to be more fashion driven than
other beauty products.

The acquisition of the P&G Beauty business via a reverse Morris
Trust creates integration risk because it effectively doubles
Coty's size.  Moody's notes, however, that the P&G beauty brands
being purchased will also add significant scale and diversity and
enhance Coty's global footprint.  Coty will nevertheless remain
more concentrated than its primary competitors in mature developed
markets.  This creates growth challenges and investment needs to
more fully build its global distribution capabilities and brand
presence.  Moody's expects that Coty will generate modest revenue
and EBITDA growth in the next twelve to eighteen months.  It will
benefit from restructuring initiatives through 2017 that were first
announced in 2014.  It will also benefit from cost synergies from
the merger which it estimates will reach $750 million over four
years (after $1.2 billion in upfront costs).  The closing of the
deal follows the February, 2016 acquisition of Hypermarcas S.A.'s
personal care and beauty business in Brazil for close to
$1billion.

The stable rating outlook reflects Moody's view that Coty will
continue to grow revenue and generate healthy cash flow.  The
outlook also reflects Moody's assumption that there will be no more
significant acquisitions as the company focuses on integrating
their acquired businesses.

Coty's ratings could be upgraded if it demonstrates successful
integration of the P&G beauty business, generates sustained organic
operating profit growth, and improves credit metrics. Specifically,
debt / EBITDA would need to approach 3.0x before Moody's would
consider an upgrade.  An upgrade would also require a commitment to
financial policies consistent with an investment grade rating.

Coty's ratings could be downgraded if there is a deterioration in
operating performance, difficulties with post-merger integration or
restructuring efforts, or if debt / EBITDA is sustained above 4.0x.
A downgrade could also occur if there is a deterioration in the
company's liquidity or if the company pursues aggressive debt
funded acquisitions or shareholder returns.

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

Coty Inc., headquartered in New York, NY, is one of the leading
manufacturers and marketers of fragrance, color cosmetics, and skin
and body care products.  The company's products are sold in over
130 countries.  The company completed the acquisition of
Hypermarcas S.A.'s personal care and beauty business in February
2016.  It acquired certain Procter & Gamble beauty business assets
on Oct. 1, 2016.  The combined company will have total sales of
over $9 billion.


CS MINING: Continued Use of Cash Management System Approved
-----------------------------------------------------------
Judge William T. Thurman of the U.S. Bankruptcy Court for the
District of Utah approved the continued use of CS Mining, LLC's
Cash Management System on a final basis.

Judge Thurman ordered the Debtor to open its Debtor-in-Possession
Accounts by Sept. 23, 2016, and deposit all receipts and make all
disbursements through the DIP Accounts.

The Debtor is authorized, in the reasonable exercise of its
business judgment, to implement ordinary course changes to its Cash
Management System and open and close DIP Accounts as the Debtor may
deem necessary and appropriate, after consultation with the U.S.
Trustee.

Wells Fargo Bank, N.A. was authorized to continue to service and
administer the DIP Accounts as accounts of the Debtor as
debtor-in-possession without interruption, and in the ordinary
course, and to receive, process, honor and pay any and all checks,
ACH transfers and other instructions for payment, drafts drawn on
or electronic transfer requests made on, the DIP Accounts after the
Relief Date, by the holders or makers thereof or other persons or
parties entitled to issue instructions with respect thereto, as the
case may be.

Wells Fargo Bank was also authorized to accept and honor all
representations from the Debtor regarding which checks, drafts,
wires or ACH transfers should be honored or dishonored consistent
with any order of this Court and governing law, whether such
checks, drafts, wires or ACH transfers are dated prior to, on, or
subsequent to the Relief Date.

A full-text copy of the Final Order, dated Sept. 30, 2016, is
available at http://bankrupt.com/misc/CSMining2016_1624818_328.pdf

                   About CS Mining

CS Mining, LLC, is a mining and processing company headquartered in
Milford, Utah.

Purported creditors R.J. Bayer Professional Geologist, LLC;
Minerals Advisory Group, LLC; Rollins Construction & Trucking, LLC;
Rollins Machine, Inc.; and Oxbow Sulphur, Inc., filed an
involuntary petition to put the Company into Chapter 11 bankruptcy
(Bankr. D. Utah Case No. 16-24818) on June 2, 2016. Brahma Group,
Inc. subsequently joined the petition.

Judge William T. Thurman presides over the case.

The Petitioners are represented by Martin J. Brill, Esq., at
Levene, Neale, Bender, Yoo & Brill L.L.P and George B. Hofmann,
Esq., at Cohne Kinghorn PC.

CS Mining tapped Snell & Wilmer L.L.P. as local counsel, and Pepper
Hamilton LLP as its legal counsel, nunc pro tunc to June 2, 2016.
FTI Consulting, Inc. as restructuring advisor.

The U.S. Trustee on August 12 appointed an Official Committee of
Unsecured Creditors.


CS MINING: Seeks to Hire Epiq as Claims Agent
---------------------------------------------
CS Mining, LLC seeks approval from the U.S. Bankruptcy Court for
the District of Utah to hire Epiq Bankruptcy Solutions, LLC as
claims and noticing agent.

The services to be provided by the firm include overseeing the
distribution of notices, and the processing and docketing of proofs
of claim filed in the Debtor's Chapter 11 case.

The firm's professionals and their hourly rates are:

     Clerical/Admin Support        $25 - $45    
     Case Manager                 $70 - $165
     IT/Programming                $65 - $85
     Consultants/Directors       $160 - $190
     Solicitation Consultant            $190
     Executive Vice-President,          $215
        Solicitation
     Executive Vice-President,        Waived
        Consulting

Bradley Tuttle, vice-president and senior managing consultant at
Epiq's consulting services division, disclosed in a court filing
that the firm and its employees are "disinterested persons" as
defined in section 101(14) of the Bankruptcy Code.

The firm can be reached through:

     Bradley J. Tuttle
     Epiq Bankruptcy Solutions, LLC
     777 Third Avenue, 12th Floor,
     New York, NY 10017
     Tel: +1 212 225 9200

                          About CS Mining

CS Mining, LLC, is a mining and processing company headquartered in
Milford, Utah.

Purported creditors R.J. Bayer Professional Geologist, LLC;
Minerals Advisory Group, LLC; Rollins Construction & Trucking, LLC;
Rollins Machine, Inc.; and Oxbow Sulphur, Inc., filed an
involuntary petition to put the Company into Chapter 11 bankruptcy
(Bankr. D. Utah Case No. 16-24818) on June 2, 2016.  Brahma Group,
Inc. subsequently joined the petition.

Judge William T. Thurman presides over the case.

The Petitioners are represented by Martin J. Brill, Esq., at
Levene, Neale, Bender, Yoo & Brill L.L.P and George B. Hofmann,
Esq., at Cohne Kinghorn PC.

CS Mining tapped Snell & Wilmer L.L.P. as local counsel, and Pepper
Hamilton LLP as its legal counsel, nunc pro tunc to June 2, 2016.
FTI Consulting, Inc. as restructuring advisor.  

The U.S. Trustee on August 12 appointed an Official Committee of
Unsecured Creditors.


CUZCO DEVELOPMENT: Asks Court to Approve Disclosure Statement
-------------------------------------------------------------
Cuzco Development U.S.A., LLC, asks the U.S. Bankruptcy Court for
the District of Hawaii to approve the disclosure statement
explaining its plan of reorganization and find that it contains
information adequate to allow a reasonable investor to make an
informed judgment about the Plan.

The Debtor also asks the Court to set the following hearing date
and deadlines for balloting and objections:

   * Confirmation Hearing Date: Approximately two months from the
hearing date on this motion (January, 2017).

   * Deadline to Serve Solicitation Package: At least forty-five
(45) days prior to the Confirmation Hearing Date.

   * Balloting Deadline: 4:00 p.m. on the first business day that
is at least fifteen (15) days after service of the Solicitation
Package.

   * Deadline to File Objections to Confirmation of Plan: Fourteen
(14) days prior to the Confirmation Hearing.

   * Deadline to Submit Ballot Tabulation: Seven (7) days prior to
the Confirmation Hearing.

   * Deadline to File Reply and Confirmation Brief: Seven (7) days
prior to the Confirmation Hearing.

The Debtor is represented by:

     Chuck C. Choi, Esq.
     Allison A. Ito, Esq.
     Wagner Choi & Verbrugge
     745 Fort Street, Suite 1900
     Honolulu, HI 96813
     Telephone: (808) 533-1877
     Facsimile: (808) 566-6900
     Email: cchoi@hibklaw.com
            aito@hibklaw.com

                      About Cuzco Development

Cuzco Development U.S.A., LLC sought protection under Chapter 11 of
the Bankruptcy Code (Bankr. D. Hawaii Case No. 16-00636) on June
20, 2016.

The petition was signed by Kay Nakano, responsible individual. The
case is assigned to Judge Robert J. Faris.

At the time of the filing, the Debtor estimated its assets and
liabilities at $10 million to $50 million.


DAYTON SUPERIOR: S&P Raises CCR to 'B'; Outlook Stable
------------------------------------------------------
S&P Global Ratings said it raised its corporate credit rating on
Dayton Superior Corp. to 'B' from 'B-'.  The outlook is stable.

At the same time, S&P assigned its 'B' issue-level rating and '3'
recovery rating to Dayton's proposed $225 million six-year senior
secured term loan B.  The '3' recovery rating on the debt indicates
S&P's expectation for meaningful (50% to 70%; lower end of the
range) recovery in the event of payment default.

"The stable outlook reflects our view that the company will perform
in the leverage range in line with the rating, with adjusted debt
to EBITDA (which includes preferred equity that we view as debt) of
about 7.5x, decreasing to below 7x by the end of 2017, and FFO to
debt of about 10% in the next 12 months," said S&P Global Ratings
credit analyst Vania Dimova.  "The outlook also reflects our
expectation that the company will maintain adequate liquidity after
refinancing."

S&P could lower the rating if it deems the liquidity less than
adequate, which could occur if the company is not able to refinance
its debt due December 2017.  S&P could also lower the rating if
weaker-than-expected market conditions, operational problems, or
higher debt to fund shareholder or growth initiatives resulted in
leverage in excess of 8x.

S&P would consider an upgrade if operating performance exceeded its
expectations such that debt to EBITDA were maintained below 5x on a
sustained basis and was demonstrated by a credible financial policy
of maintaining leverage below 5x and FFO to debt above 12%.



DC&D ENTERPRISES: Unsecureds To Recover 4% Under Plan
-----------------------------------------------------
DC&D Enterprises LLC, filed with the U.S. Bankruptcy Court for the
District of Minnesota a disclosure statement describing the
Debtor's Chapter 11 plan.

Under the Plan, Class 6 Unsecured Creditors are impaired.  The
non-insider Unsecured Creditors of the Debtor total approximately
$76,347.77, not accounting for any deficiency claims that may arise
under the Class 4 and Class 5 claims.  The Debtor will pay each
allowed unsecured creditor 2% of the allowed unsecured claims in
Class 6 by June 30, 2017, and 2% by June 30, 2018.  Presently there
is no equity in any of the Debtor's assets for the Class 6
Unsecured Creditors.

The current member and owner of the Debtor is Dakoda Hudak.  He
will remain an employee of the Debtor.  The Debtor intends to make
payments required under the Plan from ongoing cash flow generated
by continued operations.

On Sept. 23, 2016, the Debtor filed with the Court an application
for conditional approval of the Disclosure Statement.  The Debtor
also requests a court order for:

     a. fixing a time within which creditors may vote to accept or

        reject the Debtor's Plan;

     b. fixing a time for filing objections to the Disclosure
        Statement or the Plan;

     c. fixing a date for a hearing on final approval of the
        Disclosure Statement; and

     d. fixing a date for hearing on confirmation of the Debtor's
        Plan.

The Disclosure Statement is available at:

           http://bankrupt.com/misc/mnb15-44443-74.pdf

DC&D Enterprises LLC was formed by Dakoda Hudak with two other
partners to provide construction services into the cellular
telephone industry.

The Debtor filed for Chapter 11 bankruptcy protection (Bankr. D.
Minn. Case No. 15-44443) on Dec. 31, 2015.  Steven B. Nosek, Esq.,
at Steven Nosek serves as the Debtor's bankruptcy counsel.


DEER MEADOWS: Wants Approval to Use DCR Mortgage Cash Collateral
----------------------------------------------------------------
Deer Meadows, LLC asks the U.S. Bankruptcy Court for the District
of Oregon for authorization to use cash collateral.

The Debtor’s primary asset is an assisted living facility located
in Sheridan, Oregon.  The Property has 47 tenants and is fully
occupied.

DCR Mortgage and/or its affiliates has a lien covering the
Property.  It also has lien on tenant rents.  The Debtor contends
that no other creditor has a lien on tenant rents.

The Debtor tells the Court that in order to service the tenants and
maintain the Property, it must pay for employee wages, utilities,
taxes, insurance, maintenance, management fees and similar
expenses.  The Debtor further tells the Court that without the
immediate use of Cash Collateral to pay these bills as they become
due, the Debtor will breach the various tenant leases it intends to
assume as part of its reorganization and may harm the tenants
themselves, all of whom requires various levels of assisted care
from Debtor’s medical staff.

The Debtor relates that without payment, certain services,
utilities, insurance and management, will be turned off or
cancelled, resulting in additional damages to the tenants and risk
to the bankruptcy estate.   

The Debtor's proposed Budget covers the months of October 2016
through January 2017.  The Budget provides for total expenses in
the amount of $128,449 for October 2016, $118,273 for November
2016, $126,606 for each of the months of December 2016 and January
2017.

The Debtor proposes to grant DCR Mortgage a replacement lien on the
Debtor's property, of the same nature, kind and priority as secured
Debtor’s debt to DCR Mortgage on the Petition Date, specifically
including all rents and income of the Deer Meadows Facility.

A hearing on the Debtor's Motion is scheduled on Oct. 5, 2016 at
2:30 p.m.

A full-text copy of the Debtor's Motion, dated Sept. 29, 2016, is
available at
http://bankrupt.com/misc/DeerMeadows2016_1633768pcm_9.pdf

Deer Meadows, LLC is represented by:

          Stephen T. Boyke, Esq.
          LAW OFFICE OF STEPHEN T. BOYKE
          10211 SW Barbur Blvd., Suite 206A
          Portland, OR 97219
          Telephone: (503) 227-0417
          E-mail: steve@boykelaw.com

                  About Deer Meadows

Deer Meadows, LLC, filed a chapter 11 petition (Bankr. D. Ore. Case
No. 16-33768) on Sept. 29, 2016.  The Debtor is represented by
Stephen T. Boyke, Esq., at the Law Office of Stephen T. Boyke.


DENNIS EDWARDS: Disclosures, Plan Confirmation Hearing on Nov. 15
-----------------------------------------------------------------
Judge Thomas J. Catliota of the U.S. Bankruptcy Court for the
District of Maryland issued an amended order scheduling the hearing
to consider the approval of Dennis Lee Edwards' Amended Disclosure
Statement, combined with the hearing of confirmation of the Plan
Sponsor's Amended Plan of reorganization, for Nov. 15, 2016 at
10:30 a.m.

The Court further ordered that acceptances and rejections of the
Amended Plan may be solicited pending, and contingent upon,
approval of the Amended Disclosure Statement, and has set Nov. 8,
2016 as the last day for filing and serving written objections and
acceptances or rejections of the Amended Plan.

The Court has also fixed Nov. 1, 2016 as the last day for filing
and serving written objections to confirmation of the Amended
Plan.

    About Dennis Lee Edwards

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


DENNIS KELLEY: Sale of Haddonfield Property Approved
----------------------------------------------------
Judge Andrew B. Altenburg, Jr., of the U.S. Bankruptcy Court for
the District of New Jersey authorized the private sale of Dennis C.
Kelley, Sr.'s real property located at 120 Wedgewood Lane,
Haddonfield, New Jersey.

A hearing on the Motion was held on Sept. 27, 2016 at 2:00 p.m.

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

Wedgewood Estates, Inc., the Assignee of Haddon Savings & Loan
Association, the holder of a valid mortgage, and American Mortgage,
Inc., the holder of a valid mortgage, have agreed to compromise
their mortgage amounts due after payment in full of ordinary and
reasonable closing costs payable by the debtor and his wife from
the proceeds of sale and payment in full of any and all liens due
to Tower Lien, LLC and/or the Borough of Haddonfield, and the
setting aside of $25,000 for payment of administrative expenses in
the Chapter 11 case and payment of an additional $25,000, which
will be set aside as a pot of money to be distributed to unsecured
creditors in the Chapter 11 case, and for good cause shown.

After the distribution of the sale proceeds as provided for in the
Order Approving Sale entered simultaneously, the balance of the
proceeds of the sale will be used to pay the valid mortgages of
Wedgewood Estates, Inc. and American Mortgage, Inc. in such amounts
as they agree upon in order to satisfy their mortgage liens on the
property.

Dennis C. Kelley, Sr., sought Chapter 11 protection (Bankr. D. N.J.
Case No. 16-12339/ABA) on July 21, 2016.



DETROIT, MI: Defeats Pensioners' Appeal Over Bankruptcy Cuts
------------------------------------------------------------
The American Bankruptcy Institute, citing Jonathan Stempel of
Reuters, reported that a divided federal appeals court has rejected
claims by Detroit retirees that their pensions were unfairly cut to
help the city end the largest U.S. municipal bankruptcy.

According to the report, the 6th U.S. Circuit Court of Appeals in
Cincinnati said restoring the pension cuts would "unavoidably"
unravel Detroit's reorganization plan, which helped the city shed
$7 billion of debt and end its 17-month bankruptcy in December
2014.

"This is not a close call," Circuit Judge Alice Batchelder wrote
for a 2-1 majority, the report related.

"The harm to the city and its dependents -- employees and
stakeholders, agencies and businesses, and 685,000 residents -- so
outweighs the harm to these appellants that granting their
requested relief and unraveling the plan would be impractical,
imprudent, and therefore inequitable," the report further cited
Circuit Judge Batchelder as saying.

Thousands of retired Detroit city workers were subjected to 4.5
percent pension cuts, the end of cost-of-living increases, and
reduced insurance coverage to help the city close a $1.88 billion
pension plan funding gap, the report related.

The appeals court said the retirees' claims were subject to
"equitable mootness," a legal doctrine intended to prevent some
bankruptcy reorganizations from being undone, which could harm
those who agreed to them in good faith, the report further
related.

Circuit Judge Karen Nelson Moore dissented, saying the retirees
deserve their day in court, and questioned the wisdom of applying
equitable mootness to municipal bankruptcies, the report said.

                 About the City of Detroit

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

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

Michigan Governor Rick Snyder authorized the bankruptcy filing.

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

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

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

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

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

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

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

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


DIRECTCASH PAYMENTS: Moody's Puts B1 CFR Under Review for Upgrade
-----------------------------------------------------------------
Moody's Investors Service placed DirectCash Payments Inc.'s B1
corporate family rating, B1-PD probability of default rating and B3
senior unsecured notes rating under review for upgrade as the
company has agreed to be acquired by Cardtronics plc., the parent
of Cardtronics Inc. (Ba2, Stable).  The company's SGL-2 Speculative
Grade Liquidity Rating remains unchanged.

DirectCash announced on Oct. 3, 2016, an agreement with Cardtronics
under which Cardtronics will acquire all of DirectCash's shares for
C$19 per share, representing a total enterprise value of about
US$460 million (including the assumption of net debt).  The
transaction is expected to close in the first quarter of 2017.

"The review for upgrade was prompted by the likelihood that
DirectCash's credit profile will improve once it is acquired by
Cardtronics, a company with a stronger credit profile", said Peter
Adu, Moody's AVP.

On Review for Upgrade:
  Corporate Family Rating, currently B1
  Probability of Default Rating, currently B1-PD
  C$125M Senior Unsecured Regular Notes due 2019, currently B3
   (LGD5)

Outlook Action:
  Changed To Rating Under Review From Stable

                        RATINGS RATIONALE

The review for upgrade will focus on: 1) the business and financial
strategy of Cardtronics, 2) potential synergies and 3) integration
risks.  The review will also focus on the details of the
transaction including whether DirectCash's debt is assumed by
Cardtronics or repaid in full.  Should DirectCash's debt be repaid,
Moody's will withdraw all of the company's ratings.

The principal methodology used in these ratings was Business and
Consumer Service Industry published in October 2016.

DirectCash Payments Inc., headquartered in Calgary, Alberta, is a
large ATM provider in Canada and Australia and is the third largest
non-bank ATM provider in the U.K. DirectCash also provides debit
and ATM transaction processing and other services to credit unions
and financial institutions across Canada.  Revenue for the twelve
months ended June 30, 2016, was C$286 million.


DIVERSE ENERGY: Court Sets Oct. 19 Disclosure Statement Hearing
---------------------------------------------------------------
U.S. Bankruptcy Judge Karen K. Brown issued an order setting the
hearing to consider approval of the disclosure statement filed by
Diverse Energy Systems, LLC, explaining its Chapter 11 Plan of
Liquidation, to Oct. 19, 2016, at 2:00 p.m., 403, 4th Floor, U.S.
Bankruptcy Court, 515 Rusk Avenue, Houston, Texas 77002.

The last date to file and serve written objections to the
disclosure statement pursuant to Rule 3017(a) is fixed as Oct. 17,
2016.

As reported by the Troubled Company Reporter on Sept. 27, 2016,
Diverse Energy Systems, LLC's plan provides for the liquidation of
the remaining assets of the company and the distribution of the
proceeds to creditors. Each Class 3 unsecured creditor will receive
its pro rata share of net cash, all in one or more distributions
made from time to time as may be determined by the liquidating
agent.  Recoveries for Class 3 unsecured creditors, which assert a
total of $28 million in claims, will depend largely on how much
Diverse Energy will recover from the lawsuit it filed against David
Sloan and the law firm of Sloan & Moyer, LLP.  It is expected that
recoveries for unsecured creditors will not exceed 5% of their
claims, according to the company's disclosure statement explaining
the plan.

                      About Diverse Energy

Diverse Energy Systems, LLC, et al., filed Chapter 11 bankruptcy
petitions (Bankr. S.D. Tex. Lead Case No. 15-34736) on Sept. 7,
2015.  The jointly administered cases have been assigned to Judge
Karen K. Brown.

Forshey Prostok LLP serves as the Debtor's counsel.  SSG Advisors,
LLC serves as the Debtor's financial and restructuring advisor.
The Debtor tapped Gordon Brothers Asset Advisors, LLC as
appraiser.

Diverse is the indirect parent of ITS Engineered Systems, Inc. ITS
filed a voluntary petition for relief under Chapter 11 of the
Bankruptcy Code on April 17, 2015.  ITS's bankruptcy case is
currently pending in this Court as Case No. 15-32145.

Diverse is a provider of integrated solution platforms for upstream
and midstream customers in the natural gas production, oil
production, and water treatment industries.

On Oct. 5, 2015, Diverse disclosed total assets of $15,836,103 and
total liabilities of $3,261,959.

                           *     *     *

The Debtors closed on the sale of certain assets to Cimarron
Acquisition Co. on Jan. 29, 2016.

As part of the Debtors' bankruptcy cases, the Debtors sold
substantially all of their assets to Cimarron Acquisition Co. n/k/a
CE Diverse Energy Co.  This sale was approved by Court order dated
Jan. 22, 2016.  Thus, the Debtors are no longer operating as a
going concern.


DONNIE NORRIS: Selling Interest in Alabaster Property for $190K
---------------------------------------------------------------
Donnie G. Norris asks the U.S. Bankruptcy of the Northern District
of Alabama to authorize the private sale of his 1/2 interest in the
real property located at Corner Parcel Co. Road 17 and 270,
Alabaster, Alabama to Royal Investment Group, LLC, for $190,000.

The Debtor and the Purchaser entered into a contract to purchase
the parcel.

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

      http://bankrupt.com/misc/Donnie_Norris_146_Sales.pdf

The Debtor proposes to sell all of the estate's right, title and
interest in the real property free and clear of any and all
mortgages, liens, interests and/or other encumbrances.

The USAmeriBank/Aliant Bank holds a judgment lien in the amount of
$1,013,034 pursuant to its judgment recorded with the Shelby County
Probate on Nov. 11, 2011. The USAmeriBank/Aliant Bank received a
Sheriff's Deed on Oct. 9, 2013.

The Debtor avers that sound business reasons exist for liquidation
of the assets identified.  The sale of the assets will reduce the
amount of the Debtor's obligations to creditors and insurance
premiums.  The assets identified are not necessary for the Debtor's
effective reorganization.

The Debtor sets forth that the total sales price represents the
fair market value of the realty.  The Purchaser has already
obtained financing and the sale can close immediately after
approval from the Court.

Accordingly, the Debtor moves the Court to order the date, time,
and place of hearing on the Motion and the time within which
objections may be filed and served on the Debtor.  On such hearing,
to approve the proposed sales and grant the Debtor the authority to
sell and convey the real property identified.

Donnie G. Norris filed a Chapter 11 petition (Bankr. N.D. Ala. Case
No. 15-03662) on Sept. 14, 2015.



DOW RUMMEL: Fitch Assigns 'BB' Rating on $23.045MM Health Bonds
---------------------------------------------------------------
Fitch Ratings has assigned a 'BB' rating to the expected issuance
of $23.045 million City of Sioux Falls, South Dakota health
facilities revenue refunding bonds, Series 2016 on behalf of Dow
Rummel Village (DRV).

Proceeds from the bonds will be used to refund DRV's outstanding
series 2006 bonds, fund a debt service reserve fund and pay the
costs of issuance.  The bonds are scheduled to sell via negotiated
sale during the week of Oct. 17.

The Rating Outlook is Stable.

                            SECURITY

The bonds are secured by a pledge of DRV's gross revenues, a first
mortgage lien and a debt service reserve fund, equal to maximum
annual debt service on the bonds.

                        KEY RATING DRIVERS

TWO PHASE BORROWING: The 'BB' rating incorporates the impact of a
two-phase borrowing being undertaken by DRV to fund a major capital
plan.  The series 2016 issue will refund DRV's existing debt
generating significant cash flow savings.  The series 2017
borrowing will be used to fund a campus repositioning and expansion
that will add 17 new memory care and 30 high acuity assisted living
units (ALUs).  Total project cost for the expansion project is
estimated at $34.6 million, $28.6 million of which is expected to
be financed with additional debt.  The bonds for phase two are
expected to be issued in fall of 2017 as long-term fixed rate
obligations.

HEAVY PRO FORMA DEBT BURDEN: While certain of DRV's current debt
metrics are consistent with Fitch's 'BBB' medians, the series 2017
debt will more than double DRV's current debt load.  Pro forma
maximum annual debt service including the series 2017 is estimated
at $3.3 million equating to a high 22.1% of fiscal 2016 revenues.

SOLID OCCUPANCY: DRV's occupancy across all levels of care has been
at or above 94% in each of the last four years.  Approximately 97%
of SNF's, 100% memory care, 99% of ILU's, and 92% of ALU's were
occupied as of Aug. 31, 2016.

STRONG PROFITABILITY, LIQUIDITY METRICS: Profitability and
liquidity metrics are solid.  Operating ratio of 87.5%, net
operating margin (adjusted) of 25.1%, and days cash on hand of 490
days in fiscal 2016 compare favorably to Fitch's 'BBB'-rated
medians.

COMPETITIVE MARKET POSITION: DRV operates in a very competitive
environment for senior living facilities in Sioux Falls.  While DRV
has maintained strong historical occupancy, Fitch harbors some
concerns about its location and physical plant aesthetics as a
potential hindrance to future marketing efforts.  DRV's favorable
reputation and position as one of only two retirement facilities to
provide a SNF as part of its continuum of care are noted
positively.

                        RATING SENSITIVITIES

SECOND PHASE BORROWING: While the 'BB' rating incorporates the
likely impact of the second phase bonds, the issuance of the bonds
is approximately one year away.  Should the timing, scope of the
project, or financing details change materially, those changes
could affect the rating at the time of issuance.

CONTINUED STABILITY IN CORE OPERATIONS: The rating assumes that
DRV's current financial profile, characterized by high occupancy
and solid operating metrics, will remain stable over the next few
years.  A deviation from this performance could pressure the
rating.

                            CREDIT PROFILE

Dow Rummel Village is a Type-C continuing care retirement community
(CCRC) situated on 13.2 acres in Sioux Falls, South Dakota. I t
consists of 114 independent living apartments, nine garden cottages
(unoccupied), 32 IL/AL 'flex' apartments, 35 AL apartments, 14
memory care beds, and a 50-bed skilled nursing facility.

TWO PHASE CAPITAL PLAN
DRV is moving forward on a major capital plan.  The first phase
being funded with the current bond issuance will refinance all of
DRV's outstanding debt, generating estimated cash flow savings of
$675,000 per year.

In fall 2017, DRV plans to issue approximately $28.6 million of
series 2017 bonds, the proceeds from which will be used to fund a
campus repositioning and expansion that will add 17 new memory care
units and 30 high acuity ALU's to Dow Rummel's existing complement
of offerings.  Total project cost, excluding potential demolition
of nine existing ILU garden cottages, is estimated at $34.6
million.  Net of additional debt, the balance of the cost is
expected to be funded through a combination of fundraising and
internal equity.

Current project timeline is for construction to commence in October
2017 and the new units to open in September 2019. Financial
stabilization will be reached in 2022.  The 'BB' rating assumes the
issuance of the second phase bonds.  Any changes to the timing,
scope, or financing of the project could impact the rating.

Following stabilization, the additional units are expected to be
modestly accretive to DRV's cash flow, factoring in the additional
costs associated with staffing and maintaining high acuity and
memory care ALU's.  The addition of the combined 47 units is
projected to add an incremental $920,000 to EBITDA in fiscal 2022.

                         COMPETITIVE MARKET

Dow Rummel operates in a very competitive environment for
retirement facilities in Sioux Falls.  There are eight comparable
retirement facilities in its primary market area, with a large, new
community slated to be built and ongoing expansion and renovation
of existing competitors.

DRV's favorable reputation, strong historic utilization and
position as one of only two area facilities to offer a SNF all help
it to maintain its competitive position within the market. However,
Fitch does harbor concerns about DRV's location in the industrial,
northside of Sioux Falls, and its mature physical plant aesthetics
as a potential hindrance to marketing efforts over a long term time
horizon.  Dow Rummel's average age of plant is 14.1 years, which
compares unfavorably to Fitch's below-investment grade category
median of 11.5 years.  Fitch also cites a recent market study,
commissioned by Dow Rummel, which highlights its location as a
potential source of future competitive disadvantage.

                  SOLID OPERATIONAL PERFORMANCE

Dow Rummel has a history of stable profitability and liquidity
metrics, which have compared favorably to Fitch's 'BBB'-rated
medians.  For fiscal 2016, DRV generated solid financial
performance, with an 87.5% operating ratio, 25.1% net operating
margin-adjusted, and 490 days cash on hand.

Pro forma MADS coverage, which includes the impact of the second
phase debt, has also remained stable at a little over 1.0x for the
past four fiscal years, in line with Fitch's below-investment grade
category medians.  Coverage was elevated to 1.6x in fiscal 2016;
however, this was largely due to a one-time, $1.3 million transfer
of assets from the Baron & Emilie Dow Home, Inc. Foundation.  Fitch
calculates a pro forma MADS coverage ratio of 1.1x for fiscal 2016,
excluding this one-time contribution.

Solid operations have historically been supported by high occupancy
across all three levels of care, with aggregate average occupancy
of over 95% across the continuum for the past four fiscal years.
As of Aug. 31, 2016, approximately 97% of SNFs, 100% memory care,
99% of ILUs, and 92% of ALUs were occupied.  In addition, DRV
maintains a solid waitlist totaling 68 for units across the
continuum.

                           DEBT PROFILE

As of April 30, 2016, DRV had approximately $24 million outstanding
fixed rate series 2006 bonds, which are expected to be refunded
from the proceeds of the series 2016 bonds.  It has neither
variable rate debt, nor swap exposure.

DRV's current debt metrics of 71.9% debt to cap and 61.9% cash to
debt are consistent with 'BBB'-rated medians.  However, the planned
2017 borrowing will more than double its debt load.  Pro forma
ratios of 84.7% debt to capitalization and 28.5% cash to debt,
compare unfavorably to Fitch's below-investment grade category
medians.


DUNLAP STREET: Unsecureds To Be Paid From Remaining Sale Proceeds
-----------------------------------------------------------------
Dunlap Street, LLC, filed with the U.S. Bankruptcy Court for the
Middle District of Pennsylvania a disclosure statement dated Sept.
23, 2016, describing the Debtor's plan of reorganization dated
Sept. 23, 2016.

Class 3 General Unsecured Creditors are impaired under the Plan.
These creditors will be paid pro rata from the remaining sale
proceeds upon the effective date of this Plan.

The Debtor seeks to funds its plan through the joint sale of its
assets with KDP Bellefonte, Inc.

The Disclosure Statement is available at:

           http://bankrupt.com/misc/pamb16-00542-39.pdf

Dunlap Street, LLC, filed for Chapter 11 bankruptcy protection
(Bankr. M.D. Pa. Case No. 16-00542) on Feb. 10, 2016.  Donald M.
Hahn, Esq., at Stover McGlaughlin Gerace Weyandt & McCormick PC
serves as the Debtor's bankruptcy counsel.


DYNEGY INC: Has Tentative Deal to Restructure Unit's $825M Debt
---------------------------------------------------------------
Bloomberg Brief reported that Dynegy rallied after a tentative
agreement with bondholders to restructure $825 million of unsecured
debt for its Illinois Power Generating unit.

According to Reuters, $825 million in existing 2018, 2020 and 2032
Genco notes will be exchanged.  Reuters said Genco will continue
making interest payments on Genco notes, with payments netted
against proposed cash consideration.  Notes to be exchanged for
$210 million in new 7-year co's unsecured notes, $139 million cash
consideration, 10 million Dynegy Inc. warrants, the Reuters report
related.

Notes to be exchanged for 10 million Dynegy Inc. warrants with a
7-year tenor and strike price of $35 per share, the Reuters report
said.

                         About Dynegy

Through its subsidiaries, Houston, Texas-based Dynegy Inc.
(NYSE: DYN) -- http://www.dynegy.com/-- produces and sells  
electric energy, capacity and ancillary services in key U.S.
markets.  The power generation portfolio consists of approximately
12,200 megawatts of baseload, intermediate and peaking power
plants fueled by a mix of natural gas, coal and fuel oil.

Dynegy Holdings LLC and four other affiliates of Dynegy Inc.
sought Chapter 11 bankruptcy protection (Bankr. S.D.N.Y. Lead Case
No. 11-38111) on Nov. 7, 2011, to implement an agreement with a
group of investors holding more than $1.4 billion of senior notes
issued by Dynegy's direct wholly-owned subsidiary, Dynegy
Holdings, regarding a framework for the consensual restructuring
of more than $4.0 billion of obligations owed by DH.  If this
restructuring support agreement is successfully implemented, it
will significantly reduce the amount of debt on the Company's
consolidated balance sheet.  Dynegy Holdings disclosed assets of
$13.77 billion and debt of $6.18 billion.

Dynegy Inc. on July 6, 2012, filed a voluntary petition to
reorganize under Chapter 11 (Bankr. S.D.N.Y. Case No. 12-36728) to
effectuate a merger with Dynegy Holdings, pursuant to Holdings'
Chapter 11 plan.

Dynegy Holdings and its parent, Dynegy Inc., completed their
Chapter 11 reorganization and emerged from bankruptcy Oct. 1,
2012.  Under the terms of the DH/Dynegy Plan, DH merged with and
into Dynegy, with Dynegy, Inc., remaining as the surviving entity.

Dynegy Northeast Generation, Inc., Hudson Power, L.L.C., Dynegy
Danskammer, L.L.C. and Dynegy Roseton, L.L.C., won confirmation of
their plan of liquidation in March 2013, allowing the former
operating units of Dynegy to consummate a settlement agreement
resolving some lease trustee claims and sell their facilities.

                     *     *     *

The Troubled Company Reporter, on June 20, 2016, reported that S&P
Global Ratings affirmed its 'B+' corporate credit rating on Dynegy
Inc.  The outlook is stable.

Additionally, S&P is assigning a 'BB' rating and '1' recovery
rating to the proposed senior secured term loan B.  The '1'
recovery rating indicates expectations for very high (90%-100%)
recovery in the event of a payment default.


EAGLE INC: Nov. 18 Disclosure Statement Hearing
-----------------------------------------------
Judge Jerry A. Brown of U.S. Bankruptcy Court for the Eastern
District of Louisiana will convene a hearing on November 18, 2016,
at 9:00 a.m., to consider approval of the disclosure statement
explaining Eagle, Inc.'s plan of reorganization.

November 10, 2016, is fixed as the last day for filing written
objections to the disclosure statement.

                       About Eagle Inc.

Founded in 1920, Eagle, Inc., sold gaskets and insulation-related
products, many of which contained asbestos. Eagle discontinued the
distribution and sale of asbestos-containing products in the late
1970s and ceased all operations in 2006 other than the management
of asbestos litigation and insurance rights.

Eagle Inc. filed for Chapter 11 bankruptcy protection (Bankr. E.D.
La. Case No. 15-12437) on Sept. 22, 2015, with a goal of confirming
a plan of reorganization which implements a channeling injunction
and trust to resolve its liability for asbestos-related claims.
Judge Jerry A. Brown is assigned to the case.

The petition was signed by Raymond P. Tellini, the president.

The Debtor's schedules disclosed $1,517,044 in assets and
$1,220,112 in liabilities.  Full-text copies of the Schedules are
available at http://bankrupt.com/misc/EAGLEsal1006.pdf    

The Debtor has engaged Young Conaway Stargatt & Taylor, LLP, as
counsel; Barrasso Usdin Kupperman Freeman & Sarver, LLC as local
counsel; and Epiq Bankruptcy Solutions as claims, noticing and
balloting agent.

The U.S. Trustee for Region 5 has appointed three members to the
Official Committee of Unsecured Creditors.


EDOUARD RENE JOSEPH: Plan Confirmation Hearing on Oct. 26
---------------------------------------------------------
Judge Erik P. Kimball has scheduled a hearing for Oct. 26, 2016, at
2:00 p.m. to consider confirmation of Edouard Rene Joseph's
proposed Plan of Reorganization.

The Court conducted a hearing on Aug. 31, 2016 to consider approval
of the disclosure statement filed by Mr. Joseph.  Following the
hearing, the judge ruled that the Disclosure Statement contains
"adequate information" regarding the Plan in accordance with 11
U.S.C. Sec. 1125(a).  The judge also approved this confirmation
schedule:

             Event                               Date
             -----                               ----
Deadline for Serving DS Order, Plan
  Disclosure Statement and Ballot            Sept. 16, 2016
Deadline for Objections to Claims            Sept. 16, 2016
Deadline for Fee Applications                Oct. 5, 2016
Deadline for Notice of Fee Applications      Oct. 12, 2016
Deadline for Objections to Confirmation      Oct. 12, 2016
Deadline for Ballots                         Oct. 12, 2016
Deadline for Confirmation Affidavit          Oct. 21, 2016
Confirmation Hearing and Hearing on
   Fee Applications                          Oct. 26, 2016

As reported in the Sept. 21, 2016 edition of the TCR, Edouard Rene
Joseph filed a Plan of Reorganization that provides that holders of
general unsecured claims will be paid 2.59% of their claims.
Unsecured claims are anticipated to total $385,901 and will be paid
a total of $10,000 on a pro rata basis payable $166.67 monthly
starting in month 1 through Month 60 of the Plan.  A copy of the
First Amended Disclosure Statement is available at:

          http://bankrupt.com/misc/flsb14-20899-161.pdf

Edouard Rene Joseph filed for Chapter 11 bankruptcy protection
(Bankr. S.D. Fla. Case No. 14-20899).  The Debtor tapped David
Lloyd Merrill, Esq., at Merrill PA, in West Palm Beach, Florida, as
counsel.



EIGHT MILE HOLDINGS: Taps Robert Bassel as Legal Counsel
--------------------------------------------------------
Eight Mile Holdings, LLC seeks approval from the U.S. Bankruptcy
Court for the Eastern District of Michigan to hire legal counsel.

The Debtor proposes to hire Robert Bassel, Esq., to provide legal
services in connection with its Chapter 11 case.  Mr. Bassel will
be paid an hourly rate of $300 for his services.

In a court filing, Mr. Bassel disclosed that he does not hold or
represent any interest adverse to the Debtor or its bankruptcy
estate, and is "disinterested" as defined in section 101(14) of the
Bankruptcy Code.

Mr. Bassel's contact information is:

     Robert Bassel, Esq.
     P.O. Box T
     Clinton, MI 49236
     Tel: (248) 677-1234
     Fax: (248) 369-4749
     Email: bbassel@gmail.com

                    About Eight Mile Holdings

Eight Mile Holdings, LLC sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. E. D. Mich. Case No. 16-51252) on August
11, 2016.  The petition was signed by Joel Silverstein, member.  

The case is assigned to Judge Mark A. Randon.

At the time of the filing, the Debtor estimated assets of less than
$500,000 and liabilities of $1 million to $10 million.


ESS AUTOMOTIVE: Sale of Assets to CEETUS for $40K Approved
----------------------------------------------------------
ESS Automotive, Inc., on Oct. 2, 2016, disclosed that Judge Arthur
I. Harris of the U.S. Bankruptcy Court for Northern District of
Ohio has entered an order authorizing the Debtor to sell all or
substantially all its assets to CEETUS, Ltd., for $40,000.  The
sale is free and clear of liens and claims.  No objections or other
bids have been submitted.

                       About ESS Automotive

Founded in 2003, ESS Automotive, Inc., is an automotive service and
repair business and a retail seller of tires in Mentor, Ohio.

ESS Automotive filed a chapter 11 petition (Bankr. N.D. Ohio Case
No. 13-14658) on June 29, 2013.  The Debtor is represented by Glenn
E. Forbes, Esq., at Forbes Law LLC.  The case is assigned to
Judge Harris.

The Debtor continues to operate its business and manage its affairs
as a debtor-in-possession.

An official committee of unsecured creditors has not yet been
appointed in the case.



EVERGREEN HEALTH: Wants Court Authorization to Use Cash Collateral
------------------------------------------------------------------
Evergreen Health Services, Inc., asks the U.S. Bankruptcy Court for
the Eastern District of Michigan for authorization to use cash
collateral.

Janis Meredith-Kelterborn, the Debtor's sole shareholder, officer
and director, filed a joint voluntary petition with her husband,
Richard Kelterborn, for relief under Chapter 11.  Due to the close
and intertwinded relationship between the Debtor and the
Kelterborns, the Debtor filed a motion for joint administration
with the Kelterborns' Chapter 11 case.

The Debtor is indebted to:

   (1) the IRS in the amount of $96,951 for 2011 federal employment
taxes and $228,952 for unpaid taxes in 2015 and 2016;

   (2) the State of Michigan, Department of Treasury, in the amount
of $8,420.20; and

   (3) Huntington Bank in the principal amount of $75,000, plus
interest at six percent per annum.

The Debtor proposes to make the following adequate protection
payments to its secured creditors:

   (1) $1,500 per month, beginning on October 25, 2016, to the
IRS;

   (2) $500 per month, beginning on October 20, 2016, to the State
of Michigan, Department of Treasury; and

   (3) $1,100 per month, beginning on October 28, 2016, to
Huntington Bank.

The Debtor further proposes to grant replacement liens to the
Prepetition Secured Creditors in their postpetition assets, and a
claim under 11 U.S.C. Section 507(b) for any unpaid adequate
protection payment.

The Debtor tells the Court that it needs to use cash collateral to
pay immediate ordinary and necessary expenditures required to
maintain the Debtor's ongoing operations and to meet the
Kelterborns' necessary living expenses.  

The Debtor's proposed 13-Week Budget provides for total expenses in
the amount of $385,168.  The proposed monthly Budget for the
Kelterborns provide for total expenses in the amount of
$15,797.80.

A full-text copy of the Debtor's Motion, dated Sept. 30, 2016, is
available at
http://bankrupt.com/misc/EvergreenHealthServices2016_1653329mlo_23.pdf

Evergreen Health Services is represented by:

          Lynn M. Brimer, Esq.
          Pamela S. Ritter, Esq.
          STROBL & SHARP, P.C.
          300 E. Long Lake Road, Suite 200
          Bloomfield Hills, MI 48304-2376
          Telephone: (248) 540-2300
          E-mail: lbrimer@stroblpc.com

              About Evergreen Health Services

Evergreen Health Services, Inc., filed a chapter 11 petition
(Bankr. E.D. Mich. Case No. 16-53329-mlo) on Sept. 28, 2016, the
same date that Janis Meredith-Kelterborn, the Debtor's sole
shareholder, officer and director, filed a joint voluntary chapter
11 petition with her husband Richard Kelterborn.  The Debtor is
represented by Lynn M. Brimer, Esq. and Pamela S. Ritter, Esq., at
Strobl & Sharp, P.C.


FANNIE MAE & FREDDIE MAC: Gov't Told To Hand Over Secret Documents
------------------------------------------------------------------
A redacted public version of the Honorable Margaret J. Sweeney's
long-awaited decision in Fairholme v. U.S., Case No. 13-465 (Ct.
Fed. Cl.), on a motion filed by Fairholme Funds., Inc., to compel
the United States to turnover documents relevant to the Third
Amendment and Net Worth Sweep was released Monday.  A copy of Judge
Sweeney's Opinion and Order dated Sept. 20 is available at
http://gselinks.com/Court_Filings/Fairholme/13-465-0340.pdfat no
charge.  Judge Sweeney rejected the government's deliberative
process, bank examination, and presidential communications
privilege claims to keep those documents under wraps forever.  She
ruled that the government must turn them over to Fairholme's
lawyers.  

Reviewing a 56-document sample drawn from a population of some
11,000 documents the government asserts are privileged, Judge
Sweeney directs the government to turnover to Fairholme's lawyers
all evidence relating to:

   (A) the Enterprises' future profitability;

   (B) the Enterprises' future solvency;

   (C) the reasonableness of plaintiffs' expectations regarding the
Enterprises' future profitability;

   (D) the lifespan of the conservatorships;

   (E) the relationship between the FHFA and the Treasury
Department; and

   (F) the reasons why the government allowed the preexisting
capital structure and stockholders to remain in place, including
whether this decision was based on the partial expectation that the
Enterprises would be profitable again in the future.  

Additionally, Judge Sweeney directed the government to file a
memorandum by Oct. 14, 2016, explaining why the U.S. Court of
Federal Claims should not require it to pay the GSE shareholders'
reasonable expenses incurred in bringing the motion to compel,
including attorney's fees.  

GSE shareholders await a separate ruling in Perry v. Lew, No.
14-5243 (D.C. Cir.), reversing, remanding, or affirming a ruling by
Judge Lamberth in the U.S. District Court for the District of
Columbia dismissing a number of lawsuits challenging the Third
Amendment and Net Worth Sweep.  


FELIX ROQUE VELAZQUEZ: Unsecureds to Recoup 30% Under Plan
----------------------------------------------------------
Felix Roque Velazquez filed with the U.S. Bankruptcy Court for the
District of Puerto Rico a Small Business Plan of Reorganization and
accompanying Disclosure Statement, under which general unsecured
creditors, classified in Class 8, will receive a distribution of
$30,000, which amounts to approximately 30% of their allowed
claims.

It is anticipated that the Claims filed pursuant to Class 8 will
result in allowed Class 8 Claims in the approximate amount $97,292.
The Payment will be based on principal only, without any payment of
interest.

Payments will be distributed over 60 months with monthly payments
equal to $500 commencing on the first day of the 61st month
following the Effective Date of the Plan and continue, on a monthly
basis, through the last day of the 120th month following the
Effective Date of the Plan.

The Plan establishes that the Plan will be funded from the
cash-flow generated by the Reorganized Debtor. The Debtor’s
cash-flows consist of the business income from DBA Felix Roque
Velazquez. The Debtor will contribute his cash flow to fund the
Plan commencing on the Effective Date of the Plan and continue to
contribute through the date that Holders of Allowed Class 1, 3 and
8 Claims receive the payments specified for in the Plan.

A full-text copy of the Disclosure Statement dated September 14,
2016 is available at http://bankrupt.com/misc/prb15-04840-166.pdf

The Debtor is represented by:

          Jesus Enrique Batista-Sanchez, Esq.
          The Batista Law Group, PSC
          Mid-Town Plaza
          420 Juan Ponce De Leon Ave., Suite 901
          San Juan, PR 00918
          Tel: (787) 620-2856
          Fax: (787) 625-0259
          Email: jesus.batista@batistalawgroup.com

                About Felix R. Roque Velazquez

Felix R. Roque Velazquez sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. D.P.R. Case No. 15-04840) on June 26, 2015.
As of the Petition Date, the Debtor’s Assets and Liabilities
reflected Assets in the amount of $727,998.38 and Liabilities in
the amount of $5,445,373.47.

The Debtor is an individual debtor and is a medical doctor. Dr.
Roque is a practicing surgeon whose medical practice is located in
Cayey, Puerto Rico. As part of his medical practice, the Debtor
owns a 33% interest in Instituto de Cirugia Avanzada y Control de
Obesidad Corp. located at Hospital Menonita Suite 304 Cayey, PR
00926. The Debtor also owns two real properties located at: 1) Urb.
La Serrania 291 Calle Lirio Caguas PR 00725; and 2) 150 Candelero
Drive FW 720 Palmas Del Mar Humacao PR 00791 PR.


FINTON CONSTRUCTION: Allowed to Use Cash Collateral Until Dec. 27
-----------------------------------------------------------------
Judge Laurel M. Isicoff of the U.S. Bankruptcy Court for the
Southern District of Florida authorized Finton Construction, Inc.,
to use cash collateral on an interim basis, through December 27,
2016.

The Debtor was authorized to use cash collateral to pay all
ordinary and necessary expenses in the ordinary course of its
business.

The Debtor was directed to pay all fees due pursuant to 28 U.S.C.
Section 1930.

A full-text copy of the Order, dated Sept. 30, 2016, is available
at
http://bankrupt.com/misc/FintonConstruction2016_1619221lmi_82.pdf

               About Finton Construction

Finton Construction, Inc., sought protection under Chapter 11 of
the Bankruptcy Code (Bankr. S.D. Fla. Case No. 16-19221) on June
30, 2016.  The petition was signed by John Finton, president.  The
case is assigned to Judge Laurel M. Isicoff.  The Debtor is
represented by David L. Merrill, Esq., at Merrill PA.  At the time
of the filing, the Debtor estimated its assets at $0 to $50,000 and
debt at $1 million to $10 million.

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



FOODSERVICEWAREHOUSE.COM: Sale of Kansas City Property Approved
---------------------------------------------------------------
Judge Elizabeth W. Magner of the U.S. Bankruptcy Court for the
Eastern District of Louisiana authorized FoodServiceWarehouse.com,
LLC to sell racking systems, conveyors, other furniture, and
equipment subject to the first position lien of and financed by
U.S. Bank ("U.S. Bank Collateral") stored in the Debtor's warehouse
in the Hunt Midwest Caves in Kansas City, Missouri ("Kansas City
Premises") for $241,000, as well as other property owned by the
Debtor that is located in the Kansas City Premises ("Non-U.S. Bank
Collateral") for $34,000 to Sponge Co., Inc.

A hearing on the Motion was held on Sept. 27, 2016.

A copy of the list of the U.S. Bank Collateral and Non-U.S. Bank
Collateral to be sold attached to the Order is available for free
at:

     http://bankrupt.com/misc/FoodServiceWarehouse_279_Order.pdf

The $275,000 in sale proceeds will be wire transferred to the IOLTA
trust account of Adams and Reese LLP. Adams and Reese will
immediately transfer to U.S. Bank $150,000 of the sale proceeds,
and hold in escrow in its IOLTA Trust Account $125,000 of the sale
proceeds ("Escrowed Funds").

The U.S. Bank's first position lien and security interests on the
proceeds will follow and attach to $91,000 of the Escrowed Funds,
which represents the remainder of the portion of the sale proceeds
due to U.S. Bank, pending further order of the Court.

                 About FoodServiceWarehouse.com

FoodServiceWarehouse.com, LLC, sought protection under Chapter 11
of the U.S. Bankruptcy Code (Bankr. E.D. La. Case No. 16-11179) on
May 20, 2016.  The petition was signed by Thomas Kim, chief
restructuring officer.  The case is assigned to Judge Elizabeth
Magner.

The Debtor tapped Barry W. Miller, Esq., at Heller, Draper,
Patrick, Horn & Dabney, L.L.C., as counsel; r2 Advisors, LLC as
financial advisor; HyperAMS, LLC, as liquidation consultant; and
Donlin, Recano & Company, Inc. as its claims, noticing and
solicitation agent.

The Debtor estimated its assets and liabilities in the range of
$10
million to $50 million at the time of the filing.



FPMI SOLUTIONS: Sale of All Assets to Apprio Approved
-----------------------------------------------------
Judge Robert G. Mayer the U.S. Bankruptcy Court for the Eastern
District of Virginia authorized FPMI Solutions, Inc. to sell
substantially all assets outside the ordinary course of business to
Apprio, Inc., for, principally, the assumption of 100% of the
Debtor's accrued and unpaid pre-bankruptcy payroll obligations.

The sale is free and clear of all claims and interests of any kind
or nature whatsoever.

Judge Mayer approved the sale and all of its terms and conditions,
and authorized and empowered the Debtor to enter into an asset
purchase agreement and assignment agreement with the Purchaser.

A copy of the list of purchased assets and the Assigned Contracts
attached to the Order is available for free at:

        http://bankrupt.com/misc/FPMI_Solutions_182_Order.pdf

The Debtor is authorized to assume and assign the Assigned
Contracts pursuant to Sections 363 and 365 of the Bankruptcy Code,
subject to any federal government approvals as may be required for
novation of federal government contracts.

Any payment made upon the Assigned Contracts for work performed
after Sept. 30. 2016, but sent to the Debtor is property of the
Purchaser, held in trust and will be transferred promptly to the
Purchaser and will not be subject to any claims of the Debtor's
creditors.  The Debtor's creditors will take no action to claim or
otherwise hinder delivery of such funds to the Purchaser.

For good cause shown, the Order is effective immediately and will
not be subject to any stay under Rule 6004(h) of the Federal Rules
of Bankruptcy Procedure or 6006(d).

                       About FPMI Solutions

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

FPMI Solutions, Inc., sought Chapter 11 protection (Bankr. E.D.
Va.
Case No. 16-12142) on June 20, 2016.  Judge Robert G. Mayer
presides over the case.

The Debtor estimated assets and liabilities in the range of
$1,000,000 to $10,000,000.

The Debtor tapped Paul Sweeney, Esq., at the Ymkas, Vidmar,
Sweeney
& Mulrenin, LLC, as counsel.

The petition was signed by R. Mark McLindon, chief executive
officer.



FRANCIS MACHI, JR.: Trustee Selling Pittsburgh Property for $173K
-----------------------------------------------------------------
Jeffrey J. Sikirica, Trustee for Francis M. Machi, Jr., asks the
U.S. Bankruptcy Court for the Western District of Pennsylvania to
authorize the sale of the Debtor's interest in the real property
located at 4308 Main Street, Pittsburgh, Allegheny County,
Pennsylvania to TW Acquisitions 4, LLC, for $172,500, subject to
higher and better offers.

The Debtor is currently purchasing the Real Estate pursuant to an
unrecorded installment land contract ("Land Contract") from
Jennifer L. Mariani, record deed owner of the Real Estate.

The Treasurer City of Pittsburgh, Treasurer School District of
Pittsburgh, Treasurer County of Allegheny and Jordan Tax Service,
Inc. ("Taxing Authorities") represent any unpaid real taxes
assessed against the Real Estate.  Amounts owed to the Taxing
Authorities will be determined, pro-rated and paid at the closing
on the sale of the Real Estate.

The Pittsburgh Water & Sewer Authority ("Municipal Authority")
holds an unpaid municipal sewage and water liens against the Real
Estate.  Amounts owed to the Municipal Authority will be determined
and paid at the closing on the sale of the Real Estate.

The City of Pittsburgh entered on the "In Rem Judgment Index" a
lien for $28,000 against 5164 Butler Street owned by the Debtor for
razing and removal of certain property through condemnation on June
4, 2008 at Docket GD-08-010868 in the Court of Common Pleas of the
County of Allegheny County ("Allegheny County Court").  The claim,
if any, of the City of Pittsburgh against the Debtor's interest in
the Real Estate will transfer to sales proceeds pending further
Order of the Court.

Wells Fargo Bank, N.A. holds an "in rem judgement" on real estate
of the Debtor located at 3823 Mintwood Street Pittsburgh,
Pennsylvania and is listed for notice purposes only.  The judgment
is filed at Docket GD-08-011422 in the Allegheny County Court and
the writ of levy is currently stayed. Wells Fargo is being listed
as a Respondent for notice purposes only.

Gerald Laychak has filed a post-petition complaint against the
Debtor on Aug. 4, 2016 at Docket AR-16-002898 in the Allegheny
County Court for $4,071 related to work performed by the Debtor.
This matter has not as yet been reduced to judgment.  The claim, if
any, of Laychak against the Debtor's interest in the Real Estate
will transfer to sales proceeds pending further Order of the
Court.

Mark Machi, had filed a complaint against the Debtor on Feb. 16,
2010 at Docket GD-10-003006 in the Allegheny County Court for
$50,000. It is believed the matter was resolved pursuant to a
Settlement Agreement approved by the Court on March 9, 2016 at
Docket 350 and is not a lien on the Debtor's interest in the Real
Estate. Mark Machi is being listed as a Respondent for notice
purposes only.

The Trustee has received an offer of $172,500 from TW
Acquisitions.

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

      http://bankrupt.com/misc/Francis_Machi_453_Sales.pdf

The Trustee requests that the proposed sale be ordered to take
place "as is, where is," with all faults and with no
representations and/or warranties of any kind, free and clear of
any and all liens, claims, and encumbrances.

The Trustee requests authorization to make and execute on behalf of
Debtor any and all documents necessary to assume and assign the
land contract and to transfer title to the Real Estate.

The Trustee submits that the purchase price will be distributed at
the closing as follows consistent with the order approving the
sale:

   a. Real estate transfer taxes estimated in the amount of 2% of
the final sales price to be prorated between the successful bidder
and the Debtor;

   b. Real estate taxes for the school district, county and
Township, including all delinquent real estate taxes due at the
time of the closing prorated between the successful bidder and the
Debtor on the date of closing;

   c. Municipal liens for sewage and water due at the time of
closing;

   d. Real estate broker's commission and fees of 6% of the final
sale price plus $395;

   e. Normal miscellaneous closing costs related to documentation,
lien letters, etc.;

   f. Payment in full to the of the current mortgage lien on the
Real Property;

   g. Payment of the net amount of $135,000 minus the sums paid in
the current mortgage lien on the Real Property to Mariani in
satisfaction of the balance due under the Land Contract.

The balance of the proceeds will be held in trust by the Trustee
pending distribution pursuant to further Order of Court.

The Trustee, using its reasoned business judgment, believes that
the best way to maximize the value of the asset is to sell the
asset in the form and manner contemplated in the Sale Motion.

Francis M. Machi, Jr., sought Chapter 11 protection (Bankr. W.D.
Pa. Case No. 14-23154) in 2014.


GARDEN FRESH: Case Summary & 30 Largest Unsecured Creditors
-----------------------------------------------------------
Debtor affiliates filing separate Chapter 11 bankruptcy petitions:

  Debtor                                               Case No.
  ------                                               --------
  Garden Fresh Restaurant Intermediate Holding, LLC    16-12174
    aka Garden Fresh Restaurants
        Holdings, Inc.
    aka Garden Fresh Restaurant
        Intermediate Holdings, Inc.
    aka Garden Fresh Restaurant
        Holdings, Inc.
    aka Garden Fresh Restaurant
        Intermediate Holdings, Inc.
  15822 Bernardo Center Drive, Suite A
  San Diego, CA 92127

  Garden Fresh Holdings, Inc.                          16-12175
  GF Holdings, Inc.                                    16-12176
  Garden Fresh Restaurant Corp.                        16-12177
  Garden Fresh Promotions, LLC                         16-12178

Type of Business: Restaurants Operator

Chapter 11 Petition Date: October 3, 2016

Court: United States Bankruptcy Court
       District of Delaware (Delaware)

Judge: Hon. Christopher S. Sontchi

Debtors'
General
Counsel:          Neil Herman, Esq.
                  MORGAN, LEWIS & BOCKIUS LLP
                  101 Park Avenue
                  New York, NY 10178-0060
                  Tel: (212) 309-6000
                  Fax: (212) 309-6001
                  E-mail: neil.herman@morganlewis.com

Debtors'
Local
Counsel:          Ian J Bambrick, Esq.
                  YOUNG, CONAWAY, STARGATT & TAYLOR, LLP
                  1000 North King Street
                  Wilmington, DE 19801
                  Tel: 302-571-6600
                  E-mail: ibambrick@ycst.com

                     - and -

                  Kenneth J. Enos, Esq.
                  YOUNG, CONAWAY, STARGATT & TAYLOR, LLP
                  Rodney Square
                  1000 North King Street
                  Wilmington, DE 19801
                  Tel: 302-571-6600
                  E-mail: kenos@ycst.com

                     - and -

                  Michael R. Nestor, Esq.
                  YOUNG, CONAWAY, STARGATT & TAYLOR, LLP
                  Rodney Square
                  1000 North King Street
                  Wilmington, DE 19801
                  Tel: 302-571-6600
                  Fax: 302-571-1253
                  E-mail: mnestor@ycst.com

Debtors'          
Financial
Advisor:          PIPER JAFFRAY COMPANIES

Debtors'          
Notice,
Claims Agent &
Administrative
Advisor:          EPIQ BANKRUPTCY SOLUTIONS, LLC

Garden Fresh Restaurant Intermediate Holding's
Estimated Assets: $0 to $50,000

Garden Fresh Restaurant Intermediate Holding's
Estimated Debts: $0 to $50,000

The petitions were signed by John D. Morberg, chief executive
officer.

Debtors' List of 30 Largest Unsecured Creditors:

                                                    Claim Amount
                                                     (Partially
   Entity                          Nature of Claim    Secured)
   ------                          ---------------   ------------
Produce Alliance, LLC                   Trade          $684,868
60 W Market St #140
Salinas, CA 93901
Contact: Chief Financial
         Officer
Tel: 831-455-7800
Email: rob@rubyrobinson.com

Travelers Insurance                      Trade         $491,234
One Tower Square
Hartford, CT 06183
Fax: 877-784-5329

Radiowave Marketing and                  Trade         $472,094
Promotions LLC
3740 Moore Street
Los Angeles, CA 90066
Tel: 310-621-5454
Email: info@radiowavemarketing.com

Trinity Fresh                            Trade          $392,342
8200 Berry Ave
Suite 140
Sacramento, CA 95828
Tel: 916-714-7368
Fax: 916-714-7763
Email: info@trinityfresh.com

Ecolab Incorporated                      Trade          $391,551
370 Wabasha Street North
St Paul, MN 55102
Tel: 800-352-5326
Fax: 651-225-3098
Email: institutionalorders@ecolab.com

Ryder Truck Rental Inc.                  Trade          $370,161
11690 NW 105th Street
Miami, FL 33178
Tel: 305-500-3726
Email: customer_service-us@ryder.com

Golden West Trading                      Trade          $316,377
4401 S Downey Rd
Vernon, CA 90058
Tel: 888-807-3663
Fax: 323-585-8483
Email: info@gwfg.com

Superior Paper & Plastics, Inc.           Trade         $259,976
1930 E. 65th Street
Los Angeles, CA 90001-2111
Tel: 323-581-5555
Fax: 323-581-7777

Alta Dena Dairy                           Trade         $237,229
Email: media@deanfoods.com

Kent Precision Foods Group Inc.           Trade         $200,237

Atalanta Corporation                      Trade         $196,362

Group Kikrman, LLC                      Landlord        $190,471
Email: Emailingterry@gmail.com

Coca Cola U.S.A.                          Trade         $185,070
Email: romacias@na.cokecce.com

Ramco Refrigeration & Air Inc.            Trade         $177,305

A Zerega's Sons, Inc.                     Trade         $162,174

Cypress Creek Associates LP              Landlord       $156,289
Email: rscholem@kimcorealty.com

Arthur Schuman West                       Trade         $154,995

Oracle America, Inc.                      Trade         $145,927
Email: deborah.hellinger@oracle.com

Aramark Uniform Services                  Trade         $143,650
Email: pam.jackson@uniform.aramark.com

ARC Properties Operating                Landlord        $140,982
Partnership LP
Email: tjones@arcpreit.com

Weingarten Realty Investors             Landlord        $139,705
Email: cclotheir@weingarten.com

TWC Services, Inc.                       Trade          $135,019

Andrew's Refrigeration, Inc.             Trade          $132,670
Email: jon@andrewsaz.com

SCA Tissue North America LLC             Trade          $129,944
Email: jan. carlson@sca.com

Galleria Corporate Centre              Landlord         $129,809
Maintenance District
Email: dmars@hedmark.us

RC's Mechanical Services                 Trade          $120,554

Silverstate Refrigeration &              Trade          $115,954
HVAC, LLC
Email: bpeterson@ssrfg.com

James Walsh                         Former Employee     $115,085

Bre Imagination Office                  Landlord        $111,623
Holdco LLC

National Frozen Foods Corp.              Trade          $116,608


GARDEN FRESH: Files for Ch. 11 with Deal to Sell Restaurants
------------------------------------------------------------
Garden Fresh Restaurant Intermediate Holding, LLC, and four of its
subsidiaries, owners of 123 Souplantation and Sweet Tomatoes
restaurants across 15 states, have sought bankruptcy protection
with an agreement to sell their restaurants to their prepetition
lenders.  The Debtors expect to shed millions of dollars of secured
debt, significantly increase liquidity and promptly emerge from
Chapter 11 as a profitable business.

The bankruptcy filing comes amid substantial pressures facing the
restaurant industry as a whole.  Most recently, a large number of
restaurants have filed for bankruptcy protection including Fresh &
Easy, Fox & Hound, Cosi, and Logan's Roadhouse.

After a failed out-of-court restructuring, the Debtors engaged in
good-faith negotiations with their secured lenders, resulting in an
agreement on a restructuring transaction to be implemented swiftly
through a sale of substantially all of the Debtors' assets under
Section 363 of the Bankruptcy Code through an auction process.

In a declaration filed with the court, John D. Morberg, president
and chief executive officer of Garden Fresh, said that the Debtors
have experienced a number of factors that have increased cash flow
pressure including, among other things, declining sales, cost
increases related to workers' compensation plans coupled with
increased collateral requirements to secure these plans, minimum
wage increases across many of the Debtors' markets, and annual
restaurant rent hikes.

The Debtors plan to close between 20 and 30 underperforming
restaurants to strengthen its financial position, pending approval
from the court overseeing the reorganization, according to a
company press release.

"Garden Fresh will operate our business as usual, and we remain
focused on providing fresh, wholesome food and great service to our
guests," said Mr. Morberg in a company press statement.  "By
improving our capital structure through this restructuring, we'll
be able to accelerate the changes underway to refresh our
restaurants and build a strong future."

In January 2016, the Debtors hired Piper Jaffray & Co. as their
exclusive investment banker and commenced the process of evaluating
options by which they could deleverage their balance sheet.  Under
the terms of its engagement, PJC explored a refinancing,
recapitalization and a sale transaction for the Debtors.  Despite
marketing efforts, no bids or proposals for a refinancing of the
Debtors' existing secured debt were received.

                  Prepetition Capital Structure

As of the Petition Date, the substantial majority of the Debtors'
liabilities consisted of funded debt.  The Debtors' prepetition
capital structure is as follows:

  i. the indebtedness, interest, fees and expenses (including
     professional fees and expenses) and other obligations under
     a financing agreement, dated as of Oct. 3, 2013, by and among
     Garden Fresh Holdings, Inc. (the "Parent"), Garden Fresh
     Restaurant Corporation, each direct and indirect subsidiary
     of Parent that is a "Borrower" or "Guarantor" thereunder, the
     lenders party thereto from time to time (the "TLA Lenders"),
     Cerberus Business Finance, LLC as administrative agent and
     collateral agent for those lenders, and certain other
     parties;

ii. the indebtedness, interest, fees and expenses and other
     obligations under a financing agreement, dated as of Oct. 3,
     2013, by and among Parent, the Company, each direct and
     indirect subsidiary of Parent that is a "Borrower" or
     "Guarantor" thereunder, the lenders (the "TLB Lenders"), and
     Cortland Capital Market Services LLC as administrative agent
     and collateral agent for those lenders;

iii. the indebtedness, interest, fees and expenses and other
     obligations under a term loan agreement, dated as of Oct. 3,
     2013, by and among Parent, the Company, each direct and
     indirect subsidiary of Parent that is a "Borrower" or
     "Guarantor thereunder, the lenders party thereto from time
     to time (including Sun Garden Fresh Finance, LLC (the "TLC
     Lenders"), and Apollo Investment Corporation as
     administrative agent and collateral agent for those lenders;

iv. the indebtedness, interest, fees and expenses and other
     obligations under a term loan agreement, dated as of Oct. 3,
     2013, by and among Parent, the Company, each direct and
     indirect subsidiary of Parent that is a "Borrower" or
     "Guarantor" thereunder, the lenders party thereto from time
     to time, and Apollo Investment Corporation as administrative
     agent and collateral agent for those lenders.

As of the Petition Date, the aggregate outstanding amount of the
TLA Obligations was no less than $87,366,250; the aggregate
outstanding amount of the TLB Obligations was $35,662,159; the
aggregate outstanding amount of the TLC Obligations was
$19,804,836; and the aggregate outstanding amount of the TLD
Obligations was $51,944,897.

                 Restructuring Support Agreement

Prior to the Petition Date, the Debtors entered into into a
restructuring support agreement with 100% of their secured TLA and
TLB Lenders, the agents for the Debtors' TLA and TLB facilities,
certain of their TLC Lenders and the Debtors' manager pursuant to
which the parties agreed to support a sale of the Debtors'
operating assets and certain restructuring terms.  Due to liquidity
constraints, the RSA contemplates that the Debtors consummate the
sale transaction by Dec. 5, 2016.

Under the RSA, the TLB Lenders have agreed to serve as a stalking
horse purchaser for the Debtors' assets and, if it is ultimately
the successful purchaser under the terms of the proposed bidding
and sale procedures, will acquire substantially all of the Debtors'
assets and certain of their liabilities.  

Garden Fresh has received commitments for debtor-in-possession
financing from the second lien lenders of up to $4,500,000 to fund
post-petition operating expenses, including its obligations to
employees and suppliers.

To ensure the Debtors are able to comply with their obligations as
debtors-in-possession, the RSA contains a broad "fiduciary out"
permitting the Debtors to terminate the RSA if they determine, in
good faith and on advice of counsel, that continuing to perform
under the RSA is inconsistent with their fiduciary duties.  The RSA
allows the Debtors and their representatives to continue providing
due diligence information to, and have discussions, with
prospective purchasers.  PJC will continue to provide updated and
additional information to potential interested parties who may be
considering submitting an overbid in the auction process.

                     About Garden Fresh

Founded in 1978 in San Diego, Garden Fresh Restaurant
Intermediate Holding, LLC, et al., operate a fully integrated
supply chain and distribution network including 17 central kitchens
and two distribution centers.

The Debtors currently employ 5,500 people.  Approximately 450 of
those employees are employed on a salaried basis, and approximately
5,000 are employed on an hourly basis.

The Debtors have hired Morgan, Lewis & Bockius LLP as general
counsel; Young, Conaway, Stargatt & Taylor, LLP as local counsel;
Piper Jaffray Companies as financial advisor; and Epiq Bankruptcy
Solutions, LLC as claims and noticing agent.


GAWKER MEDIA: Expects to Win Legal Battle with Hulk Hogan
---------------------------------------------------------
Tom Corrigan, writing for The Wall Street Journal Pro Bankruptcy,
reported that Gawker Media LLC plans to set aside at least $5.5
million from the sale of its Web sites to fund a continuing legal
battle with former professional wrestler Hulk Hogan, a feud the
company says it intends to win.

According to the report, in court papers filed on Sept. 30 in
Manhattan, Gawker asked a bankruptcy judge to approve an outline of
a liquidation plan that would wind down what remains of the former
internet publisher.

The plan includes funding for an appeal of a $130 million judgment
owed to Terry Bollea, Hulk Hogan's real name, the report related.
The judgment forced the company and its founder into bankruptcy
earlier this year, the report said.

"Gawker Media believes that the Bollea judgment will be reversed
or, at a minimum, substantially reduced on appeal," WSJ cited
lawyers for Gawker as saying in court papers.

In court papers, Gawker says that it is protected by the First
Amendment and points to the fact that Mr. Bollea lost when he
initially sued Gawker in federal court, the report further cited.

                       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.


GENWORTH LIFE: Fitch Affirms BB+ Insurer Financial Strength Rating
------------------------------------------------------------------
Fitch Ratings has affirmed the Insurer Financial Strength (IFS)
ratings of Genworth Life Insurance Company (GLIC), Genworth Life
and Annuity Insurance Company (GLAIC) and Genworth Life Insurance
Company of New York (collectively, Genworth Life) at 'BB+'.  The
Rating Outlook is Negative.

The affirmation reflects the significant progress Genworth
Financial, Inc. (GNW) has made thus far with its restructuring
plan.  Favorably, the company executed a bond consent solicitation
for the senior and subordinated notes which excludes the operating
entities that operate the long-term care (LTC) business from the
event of default provisions.  GNW also plans to separate, then
isolate the long-term care business from the run-off life and
annuity business through a series of reinsurance and restructuring
transactions that would unstack GLAIC from GLIC.

The Negative Outlook reflects the company's execution risk tied to
achieving future LTC rate increases, which are subject to
regulatory approval, the potential for future LTC reserve charges,
and exposure to continued low interest rates.  Fitch also believes
the company's financial flexibility and holding company liquidity
will be constrained over the next several years, making it
difficult for the holding company to fund a large capital
contribution to the life companies, if one were required.

                          KEY RATING DRIVERS

Genworth Life's ratings consider the company's large exposure and
market leading position in the LTC market, which Fitch views as one
of the most risky products sold by U.S. life insurers due to
above-average underwriting and pricing risk, high reserve and
capital requirements and exposure to low interest rates.  The
company has initiated several rounds of premium rate increases and
introduced changes to its LTC product offerings designed to improve
profitability.  However, sales have fallen precipitously over the
past several years and management of legacy blocks remains a
challenge.  Genworth Life will be completing its annual LTC margin
testing and assumption reviews later this year.  Fitch believes the
company remains susceptible to future charges and earnings
volatility.

Fitch believes GNW's access to the capital markets for future
funding needs and overall financial flexibility is limited.  Over
the intermediate term, holding company funding needs is highly
dependent on existing cash balances, ordinary and special dividends
from the mortgage insurance businesses and/or further asset sales
or block transactions.  At June 30, 2016, holding company cash of
$934 million remains in excess of management's stated target to
hold 1.5x annual debt service plus a buffer of $350 million for
stress scenarios.  GNW's next scheduled debt maturity of $600
million is in May 2018.

Genworth Life's reported statutory capital position remains strong
for the current rating category with a risk-based capital (RBC)
estimated at 370%.  However the company's reported statutory
capital remains exposed to statutory reserve strengthening tied to
the LTC business and/or low interest rates.  GNW plans to complete
the recapture of LTC reserves that are ceded to its Bermuda
subsidiary later this year, which will significantly improve the
transparency associated with this challenging line of business.
Earlier this year GNW recaptured a block of universal life and a
block of term life from BLAIC which is expected to have a negative
15 to 20 point impact on the U.S. life companies' RBC ratio in the
third quarter of 2016 but is expected to reverse over the next
several quarters as GNW implements reinsurance solutions on the
recaptured business.

GNW's financial leverage was approximately 27% at June 30, 2016.
GNW's GAAP operating earnings-based fixed-charge coverage ratio was
3.3x in the first half of 2016.  Fitch believes GNW's exposure to
interest sensitive business, particularly its LTC and run-off fixed
annuity business, and weakness in portions of the Australian and
Canadian housing market will hamper the company's ability to
meaningfully improve earnings, and thus improve coverage metrics
over the near term.

                         RATING SENSITIVITIES

Triggers that could result in a rating downgrade include:

   -- Significant charges related to long-term care or run-off
      business in the near to intermediate term that leads to a
      decline in Genworth life company risk-based capital below
      250%;

   -- Continued deterioration in the company's franchise value
      that negatively impacts the performance of the GNW's active
      and run-off businesses;

   -- A decline in cash at the holding company below management's
      target of 1.5x annual holding company interest expense plus
      a buffer of $350 million.

Triggers that could result in a change in the Outlook to Stable
include:

   -- Consistent generation of earnings on both an operating and
      reported basis and no further reserve charges related to LTC

      or run-off businesses;

   -- Maintenance of Genworth life company risk-based capital over

      350%;

   -- Successful execution of the restructuring plan.

FULL LIST OF RATING ACTIONS

Fitch has affirmed these ratings:

Genworth Life Insurance Company;
Genworth Life and Annuity Insurance Company;
Genworth Life Insurance Company of New York;
   -- IFS at 'BB+'.

The Rating Outlook is Negative.


GERMAN AMERICAN: Fitch to Rate Class E Certs 'BB-sf'
----------------------------------------------------
Fitch Ratings has issued a presale report on German American
Capital Corp.'s COMM Mortgage Securities Trust 2016-COR1 commercial
mortgage pass-through certificates.

KEY RATING DRIVERS

Fitch Leverage: The transaction has slightly lower leverage than
other recent Fitch-rated transactions. The Fitch DSCR for the trust
of 1.21x is better than both the YTD 2016 average of 1.18x and the
2015 average of 1.18x. The Fitch LTV for the trust of 106.3% is
similar to the YTD 2016 average of 106.2% and lower than the 2015
average of 109.3%. Excluding the credit opinion loans (4.6% of the
pool), the Fitch DSCR and LTV are 1.19x and 108.8%, respectively.

Limited Amortization: Fifteen loans, representing, 51.8% of the
pool, are full interest-only. This is higher than the average of
23.3% for 2015 and 30.9% for YTD 2016 for other Fitch-rated U.S.
multiborrower deals. Additionally, 14 loans comprising 24.3% of the
pool are partial interest only; this share is lower than the
average of 43.1% for 2015 and 37.6% for YTD 2016 of other
Fitch-rated U.S. multiborrower deals. Overall, the pool is
scheduled to pay down by only 9.4% compared with the averages of
11.7% for 2015 and 10.3% YTD for 2016 for other Fitch-rated U.S.
deals.

Investment-Grade Credit Opinion Loans: Two loans, representing 4.6%
of the pool, have investment-grade credit opinions on a stand-alone
basis; this is below the YTD 2016 average of 7.2% credit opinion
loans. Westfield San Francisco Centre (2.64% of the pool), the 12th
largest loan in the pool, has an investment grade credit opinion of
'Asf'* on a stand-alone basis. Further, Grant and Geary Center
(loan #20; 1.94% of the pool), has an investment-grade credit
opinion of 'A+sf*' on a stand-alone basis.

RATING SENSITIVITIES

For this transaction, Fitch's net cash flow (NCF) was 5.5% below
the most recent year's net operating income (NOI; for properties
for which a full-year NOI was provided, excluding properties that
were stabilizing during this period). Unanticipated further
declines in property-level NCF could result in higher defaults and
loss severities on defaulted loans and in potential rating actions
on the certificates.

Fitch evaluated the sensitivity of the ratings assigned to COMM
2016-COR1 certificates and found that the transaction displays
average sensitivity to further declines in NCF. In a scenario in
which NCF declined a further 20% from Fitch's NCF, a downgrade of
the junior 'AAAsf' certificates to 'BBBsf' could result. In a more
severe scenario, in which NCF declined a further 30% from Fitch's
NCF, a downgrade of the junior 'AAAsf' certificates to 'BB+sf'
could result.

USE OF THIRD-PARTY DUE DILIGENCE PURSUANT TO SEC RULE 17G-10

Fitch was provided with third-party due diligence information from
KPMG, LLP. The third-party due diligence information was provided
on Form ABS Due Diligence-15E and focused on a comparison and
re-computation of certain characteristics with respect to each of
the mortgage loans. Fitch considered this information in its
analysis and the findings did not have an impact on the analysis. A
copy of the ABS Due Diligence Form-15E received by Fitch in
connection with this transaction may be obtained through the link
contained on the bottom of the related rating action commentary.

REPRESENTATIONS, WARRANTIES AND ENFORCEMENT MECHANISMS

A description of the transaction's representations, warranties and
enforcement mechanisms (RW&Es) that are disclosed in the offering
document and which relate to the underlying asset pool is available
by accessing the appendix referenced under 'Related Research'
below.

Fitch expects to rate the transaction and assign Rating Outlooks as
follows:

   -- $30,136,000 class A-1 'AAAsf'; Outlook Stable;

   -- $64,857,000 class A-2 'AAAsf'; Outlook Stable;

   -- $48,044,000 class A-SB 'AAAsf'; Outlook Stable;

   -- $215,000,000 class A-3 'AAAsf'; Outlook Stable;

   -- $265,440,000 class A-4 'AAAsf'; Outlook Stable;

   -- $676,918,000b class X-A 'AAAsf'; Outlook Stable;

   -- $53,441,000 class A-M 'AAAsf'; Outlook Stable;

   -- $54,554,000 class B 'AA-sf'; Outlook Stable;

   -- $41,194,000 class C 'A-sf'; Outlook Stable;

   -- $54,554,000ab class X-B 'AA-sf'; Outlook Stable;

   -- $87,955,000ab class X-C 'BBB-sf'; Outlook Stable;

   -- $22,267,000ab class X-E ' BB-sf'; Outlook Stable;

   -- $10,020,000ab class X-F ' B-sf'; Outlook Stable;

   -- $46,761,000a class D 'BBB-sf'; Outlook Stable;

   -- $22,267,000a class E 'BB-sf'; Outlook Stable;

   -- $10,020,000a class F 'B-sf'; Outlook Stable.

The following classes are not expected to be rated:

   -- $38,967,985ab class X-G;

   -- $38,967,985a class G.

a)Privately placed pursuant to Rule 144A.
b)Notional amount and interest-only.

The expected ratings are based on information provided by the
issuer as of Oct. 3, 2016.

The certificates represent the beneficial ownership interest in the
trust, primary assets of which are 42 loans secured by 50
commercial properties having an aggregate principal balance of
$890,681,985 as of the cut-off date. The loans were contributed to
the trust by German American Capital Corporation and Jefferies
LoanCore LLC.

Fitch reviewed a comprehensive sample of the transaction's
collateral, including site inspections on 82.8% of the properties
by balance and asset summary reviews and cash flow analysis of
84.2% of the pool.



GET GREEN: Wants to Use Wells Fargo Cash Collateral
---------------------------------------------------
Get Green, Ltd., Inc., asks the U.S. Bankruptcy Court for the
Northern District of Illinois for authorization to use the cash
collateral of Wells Fargo Equipment Finance, Inc.

The Debtor is indebted to Wells Fargo Equipment Finance in the
amount of $204,000.  Wells Fargo Equipment Finance holds a lien on
two 2015 KW T370 trucks and the proceeds thereof.  The proceeds of
the operations of the Debtor come from the haul of freight that
constitute cash collateral.

The Debtor tells the Court that it needs to use cash collateral to
pay fuel, utilities, salaries, wages, rent, credit card processing,
and other operating expenses.

The Debtor's proposed Budget for the month of October 2016,
provides for total cost of goods sold and expenses in the amount of
$28,457.

The Debtor proposes to make monthly adequate protection payments to
Wells Fargo Equipment Finance in the amount of $850.  The Debtor
relates that the amount is approximately equal to five percent
interest, per annum, on the entire amount of the Wells Fargo
Equipment Finance claim.  The Debtor further proposes to grant
Wells Fargo Equipment Finance a post-petition replacement lien.

A full-text copy of the Debtor's Motion, dated Sept. 30, 2016, is
available at
http://bankrupt.com/misc/GetGreenLtd2016_1626879_15.pdf

A full-text copy of the Debtor's proposed Budget, dated Sept. 30,
2016, is available at
http://bankrupt.com/misc/GetGreenLtd2016_1626879_15_1.pdf

                 About Get Green, Ltd.

Get Green, Ltd., Inc., filed a chapter 11 petition (Bankr. N.D.
Ill. Case No. 16-26897) on August 22, 2016.  The petition was
signed by Peter Wochnik, president.  The Debtor is represented by
David P. Lloyd, Esq., at David P. Lloyd, Ltd.  The Debtor estimated
assets at $100,001 to $500,000 and liabilities at $0 to $50,000 at
the time of the filing.

The Debtor is a corporation that owns and operates a business
engaged in hauling freight, whose principal place of business is
7925 S. Latrobe Avenue, Burbank, Illinois.


GOD'S ANGELS: Plan Confirmation Hearing Set for Oct. 12
-------------------------------------------------------
Judge Douglas D. Dodd entered an order approving God's Angels In
The Field, LLC's Amended Disclosure Statement dated as of Aug. 26,
2016, and set a hearing on Oct. 12, 2016, to consider confirmation
of the Plan.

Judge Dodd ordered that:

   * Ballots accepting or rejecting the Amended Plan, objections to
the Amended Plan and supporting memoranda will be filed no later
than October 4, 2016 at 5:00 p.m.  The court will not consider
untimely objections to confirmation and objections without
supporting memoranda at the confirmation hearing.

   * The Debtor will file a summary of ballots indicating the
number of ballots cast and percentage of ballots in favor of the
plan, and copies of ballots, no later than Oct. 10, 2016 at 12:00
noon local time.

   * The deadline for filing proofs of claim previously set is
maintained.  Unless the plan provides otherwise, on motion of a
party in interest the court will set a deadline for filing motions
for payment of administrative expenses.

   * The Debtor must serve the Disclosure Statement Order, the
Amended Plan, approved second amended disclosure Statement, and a
form of ballot as required by Fed. R. Bankr. P. 3017(d), on all
creditors and parties in interest no later than Sept. 6, 2016.

   * The Plan confirmation hearing is on Oct. 12, 2016 at 11:00
a.m.

As reported in the Sept. 22, 2016 edition of the TCR, the Debtor
has proposed a plan of reorganization that provides that holders of
general unsecured claims totaling $95,523 will receive a monthly
payment of $1,000, starting Oct. 1, 2016, and ending on
Sept. 1, 2021.  Estimated recovery is 62.8%.  A copy of the First
Amended Disclosure Statement is available at:

          http://bankrupt.com/misc/lamb15-11248-100.pdf

God's Angels In The Field, LLC, filed a Chapter 11 petition (Bankr.
M.D. La. Case No. 15-11248) on Oct. 12, 2015, and is represented by
Daniel Frazier, Jr., Esq. -- dfrazierloi@aol.com -- at Frazier Law
Office.



GOODMAN AND DOMINGUEZ: Hearing on Disclosures Set For Nov. 3
------------------------------------------------------------
The Hon. Robert A. Mark of the U.S. Bankruptcy Court for the
Southern District of Florida has set for Nov. 3, 2016, at 2:00 p.m.
the hearing to consider the approval of Goodman And Dominguez,
Inc.'s disclosure statement.

The Debtor filed the Disclosure Statement and plan of
reorganization on Sept. 21, 2016.

Objections to the Disclosure Statement must be filed by Oct. 27,
2016.

The deadline for service of court order, dislcosure statement and
plan is Oct. 4, 2016.

          About Goodman and Dominguez, Inc. dba Traffic

Goodman and Dominguez, Inc. -- dba Traffic, Traffic Shoe, Goodman &
Dominguez, Inc., Traffic Shoes, and Traffic Shoe, Inc. -- is a
retailer headquartered in Medley, Florida.  It operates 83 stores
in malls across nine states and Puerto Rico.  It also sells its
teen fashion products at http://www.trafficshoe.com/  

Goodman and Dominguez, Inc, et al., filed Chapter 11 petitions
(Bankr. S.D. Fla. Case No. 16-10056) on Jan. 4, 2016.  Judge Robert
A Mark presides over the case.  Lawyers at Meland Russin & Budwick,
P.A., represent the Debtors.

In its petition, Goodman and Dominguez estimated $1 million to $10
million in both assets and liabilities.  The petition was signed by
David Goodman, president.

A list of the Debtor's 20 largest unsecured creditors is available
for free at http://bankrupt.com/misc/flsb16-10056.pdf


GRAND PANAMA: U.S. Trustee Unable to Appoint Committee
------------------------------------------------------
The Office of the U.S. Trustee on Sept. 30 disclosed in a court
filing that no official committee of unsecured creditors has been
appointed in the Chapter 11 case of Grand Panama Resort Properties
LLC.

Grand Panama Resort Properties, LLC, filed a chapter 11 petition
(Bankr. N.D. Fla. Case No. 16-50218-KKS) on Aug. 11, 2016.  The
petition was signed by Chad Wade, registered agent.  The Debtor is
represented by Charles M. Wynn, Esq., at Charles M. Wynn Law
Offices, P.A.  The case is assigned to Judge Karen K. Specie.  

The Debtor has been engaged in rental vacation real estate at Grand
Panama Beach Resort Condominium in Bay County, Florida.

The Debtor disclosed $1.14 million in assets and $1.34 million in
liabilities.


GREGORY REDFORD: Oct. 20 Plan Confirmation Hearing
--------------------------------------------------
Judge Joan A. Lloyd of the U.S. Bankruptcy Court for the Western
District of Kentucky approved the disclosure statement explaining
Gregory and Nevis Gail Redford's Chapter 11 plan and scheduled the
confirmation hearing for October 20, 2016, at 10:00 a.m. (Central
Time).

Counsel for the Debtor must file a tabulation of the ballots with
the Court no later than two business days prior to the date of the
confirmation hearing. Any objections to confirmation of the Plan
must be filed with the Court on or before October 13, 2016.

Under the restructuring plan, unsecured creditors who are
classified in Class 7 will be paid in full, without interest, over
a period of 60 months commencing six months following the effective
date of the plan.  

The Redfords will pay $1,085 per month to the unsecured creditors,
who assert a total of $54,996 in claims.

A copy of the disclosure statement detailing the Chapter 11 plan is
available for free at https://is.gd/TS8mzR

                       About The Redfords

Gregory Redford and Nevis Gail Redford are individuals residing in
Adair County, Kentucky.  The Debtors do business as Old Craftsman
Furniture and Cabinet Shop, a furniture and cabinet making business
in Columbia.

Gregory Redford and Nevis Gail Redford filed a joint Chapter 11
petition (Bankr. W.D. Ky. Case No. 15-10824) on Aug. 18, 2015,
represented by David M. Cantor, Esq., at Seiller Waterman LLC.

No trustee or committee of any kind has been appointed in
connection with this Chapter 11 case.


HARRINGTON & KING: Authorized to Use Inland Bank Cash Collateral
----------------------------------------------------------------
Judge Deborah L. Thorne of the U.S. Bankruptcy Court for the
Northern District of Illinois inks her approval to the Agreed Sixth
Interim Order authorizing The Harrington & King Perforating Co.,
Inc. and Harrington & King South, Inc. to use the cash collateral
of Inland Bank and Trust.

The Debtors are indebted to secured creditor Inland Bank and Trust
in the amount of $4,057,788, as of the Petition Date.

Judge Thorne acknowledged that the Debtors need to use cash
collateral in order to prevent immediate and irreparable harm to
the the Debtors' estate.  

Judge Thorne authorized the Debtors to extend the term of any
Inland Bank Document that has reached maturity prior to the entry
of the Court's Order for an additional six months, from Sept. 20,
2016.

Judge Thorne granted Inland Bank and Trust replacement liens, in
addition to its prepetition liens.  She provided for carveout
consisting of costs and expenses, in an amount not to exceed
$15,000, incurred by the the Official Unsecured Creditors
Committee's professionals.

The approved budget provided for total operating expenses of
$664,042 and total operating disbursements of $5,021,312 covering
the period September 9, 2016 through December 2, 2016.

A further hearing on the Debtors' continued use of cash collateral
is scheduled for November 22, 2016 at 10:00 a.m.

A full-text copy of the Agreed Order, dated September 20, 2016, is
available at http://tinyurl.com/z6hecm2

        About The Harrington & King Perforating Co., Inc.

The Harrington & King Perforating Co., Inc. and Harrington & King
South Inc. are in the business of manufacturing perforating metal
sheets and rolled coils of varying gauges and types to produce hole
patterns of various sizes, shapes, and spacing.  Most of the work
is done to customer specifications and consists of high value-added
jobs, not typical of most metal punching.  The products are used in
automotive, acoustics, architecture, food and pharmaceutical
straining and filtering, interior design, manufacturing, safety
flooring, pollution control, transportation and mining cleaning and
grading, electronics and other fields.

The Debtors sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. N.D. Ill. Case Nos. 16-15650 and 16-15651) on May 7,
2016.  The petitions were signed by Greg McCallister, chief
restructuring officer and chief operating officer.

The cases are jointly administered under Case No. 16-15650.  The
cases are assigned to Judge Deborah L. Thorne.

The Debtors estimated both assets and liabilities in the range of
$1 million to $10 million.  The Debtors are represented by William
J. Factor, Esq., at FactorLaw.


HENRY A. SUAREZ: Plan Confirmation Hearing on Oct. 20
-----------------------------------------------------
A hearing took place in August 2016 before the U.S. Bankruptcy
Court for the Central District of California, San Fernando Valley
Division, to consider the adequacy of the information contained in
the Second Amended Disclosure Statement in Support of the Second
Amended Chapter 11 Plan of Reorganization filed by debtor Henry A.
Suarez, D.D.S., Inc. under Chapter 11 of the Bankruptcy Code.

Judge Victoria S. Kaufman in early September 2016 ordered that:

   A. The Second Amended Disclosure Statement is approved as
containing adequate information pursuant to 11 U.S.C. Sec. 1125;

   B. The Second Amended Disclosure Statement, Second Amended
Chapter 11 Plan of Reorganization will be mailed, along with notice
of all relevant dates to creditors, equity security holders, the
United States Trustee and other parties in interest no later than
Sept. 2, 2016.  A ballot conforming to Official Form 14, will be
mailed only to creditors in impaired classes.

   C. Ballots must be received by Debtor's counsel no later than
4:00 p.m. on Sept. 30, 2016;

   D. Objections to confirmation of the Plan stating why the Plan
should not be confirmed, with admissible evidence supporting the
objection, if necessary, must be filed and served no later than
Sept. 30, 2016;

   E. The Debtor must file and serve a confirmation memorandum
stating why the Plan should be confirmed no later than Oct. 10,
2016. The memorandum must contain admissible evidence supporting
all applicable elements of 11 U.S.C. Sec. 1129, a ballot summary,
and Debtor's response to any objections; and

   F. Oct. 20, 2016 at 1:00 p.m. is fixed as the date for the
hearing on confirmation of the Plan and the continued Chapter 11
Status Conference.

Henry A. Suarez, D.D.S., Inc., filed a Chapter 11 petition (Bankr.
C.D. Cal. Case No. 15-11278) on April 13, 2015.

The Debtor's attorneys:

         M. Jonathan Hayes
         Matthew D. Resnik
         Roksana D. Moradi
         SIMON RESNIK HAYES LLP
         15233 Ventura Boulevard, Suite 250
         Sherman Oaks, CA 91403
         Telephone: (818) 783-6251
         Facsimile: (818) 827-4919
         E-mail: jhayes@SRHLawFirm.com
                 matthew@SRHLawFirm.com
                 roksana@SRHLawFirm.com



HISTORIC TIMBER: Can Use Cash Collateral on Final Basis
-------------------------------------------------------
Judge William V. Altenberger of the U.S. Bankruptcy Court for the
Southern District of Illinois authorized Historic Timber & Plank,
Inc., to use cash collateral on a final basis.

The Debtor, the United States Department of Treasury, Internal
Revenue Service, and Bank of Springfield agreed to the entry of the
Final Order.

The Debtor's secured creditors are:

   (1) The IRS, to whom the Debtor owes $186,579 in federal tax
liens.  The IRS asserts a first-position lien against the accounts
receivable of the Debtor.

   (2) The Bank of Springfield, to whom the Debtor is indebted in
the amount of at least $776,000.  The Bank of Springfield asserts
that it was granted a first priority security interest and lien on
substantially all of the Debtor's assets, including all of the
Debtor's inventory, accounts, equipment and general intangibles and
the proceeds therefrom.

The Debtor, Bank of Springfield, and the IRS all agree that it is
in the best interest of the creditors of the bankruptcy estate that
cash collateral be used to continue the business operations of the
Debtor, in order to realize the value of the Debtors' assets to
their fullest potential recovery.

The approved Budget provides for total operating expenses in the
amount of $101,433 for each of the periods beginning October 1,
2016 and ending December 31, 2016, and beginning January 1, 2017
and ending March 31, 2017.

The IRS and the Bank of Springfield were granted a replacement lien
upon and security interest in Debtor’s post-petition accounts
receivable and inventory and proceeds therefrom, to the extent of
cash collateral used by Debtor, superior to all other security
interests in and liens upon such property except for liens granted
to the Bank of Springfield as security for post-petition
financing.

A full-text copy of the Final Order, dated Sept. 30, 2016, is
available at
http://bankrupt.com/misc/HistoricTimber&Plank2016_1631007wva_87.pdf

               About Historic Timber & Plank

Historic Timber & Plank, Inc., sought protection under Chapter 11
of the Bankruptcy Code (Bankr. S.D. Ill. Case No. 16-31007) on June
28, 2016.  The petition was signed by Joseph Adams, president.  The
Debtor is represented by Mary E. Lopinot, Esq., at Mathis, Marifian
& Richter, Ltd.  The case is assigned to Judge William V.
Altenberger.  At the time of the filing, the Debtor estimated its
assets at $0 to $50,000 and debts at $1 million to $10 million.


HOMETOWN HARDWARE: Seeks to Hire Steve Lopez as Legal Counsel
-------------------------------------------------------------
Hometown Hardware & Garden, Inc. seeks approval from the U.S.
Bankruptcy Court for the Central District of California to hire
legal counsel in connection with its Chapter 11 case.

The Debtor proposes to hire the Law Office of Steve Lopez to assist
in the formulation and implementation of a bankruptcy plan, and
provide other legal services.

The firm's professionals and their hourly rates are:

     Steve Lopez          $350
     Tuan Le              $300
     Stephanie Franco     $250
     Serena Le            $150
     Karla Lopez          $150

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

The firm can be reached through:

     Steve Lopez, Esq.
     Tuan Le, Esq.
     Law Office of Steve Lopez
     8562 Florence Ave., Ste A
     Downey, CA 90240
     Tel: (562) 904-1193  
     Fax (562) 262-2846
     Email: bankruptcy@stevelopezlaw.com
     Email: tuanl@stevelopezlaw.com

                About Hometown Hardware & Garden

Hometown Hardware & Garden, Inc. filed a chapter 11 petition
(Bankr. C.D. Cal. Case No. 16-21359) on Aug. 25, 2016.  The
petition was signed by Gregory Guller, president.  The case is
assigned to Judge Deborah J. Saltzman.  The Debtor estimated total
assets at $1 million to $10 million and total liabilities at
$500,000 to $1 million at the time of the filing.


ICRCO INC: Court Allows Use of City National Bank Cash Collateral
-----------------------------------------------------------------
Judge Peter H. Carroll of the U.S. Bankruptcy Court for the Central
District of California authorized iCRco, Inc., to use cash
collateral, pursuant to the stipulation between the Debtor and City
National Bank.

The Debtor previously sought the Court's authorization to use the
cash collateral of City National Bank, to whom it is indebted to in
the amount of $820,000.  City National Bank was granted a broadform
security interest in the Debtor's asset.

The Debtor wanted to use cash collateral to pay ongoing expenses,
including wages, purchase of inventory and payment of utilities,
among other things.

The Debtor proposed to grant City National Bank a replacement lien
in the Debtor's postpetition accounts receivable, which will be
created by the Debtor in the postpetition operation of its
business.

A full-text copy of the Order, dated Sept. 29, 2016, is available
at
http://bankrupt.com/misc/iCRcoInc2016_916bk11742pc_30.pdf

                     About iCRco, Inc.

icRco, Inc., filed a chapter 11 petition (Bankr. C.D. Cal. Case No.
16-11742) on Sept. 21, 2016.  The petition was signed by Stephen
Neushul, CEO.  The Debtor is represented by William C. Beall, Esq.,
at Beall and Burkhardt, APC.  The case is assigned to Judge Peter
Carroll.  The Debtor disclosed total assets at $4.54 million and
total liabilities at
$5.35 million.


INMAN STREET: To Sell Real Property to Pay Unsecureds
-----------------------------------------------------
Inman Street Properties, LLC, filed with the U.S. Bankruptcy Court
for the Eastern District of Tennessee a Disclosure Statement
explaining its Plan of Reorganization, which proposes to pay in
full the prepetition general under-secured claims in Class 4 upon
the projected sale of the real estate and the business operating on
the property owned by the Debtor.

The Debtor will continue to operate its business and fulfill every
obligation placed upon it by the Plan following Confirmation, and
make the plan payments directly to its creditors. The Debtor will
also file all operating reports on a timely manner until a Final
Decree is entered and pay any fees due to the US Trustee.

A full-text copy of the Disclosure Statement dated September 14,
2016 is available at http://bankrupt.com/misc/tneb16-12254-34.pdf

         About Inman Street Properties

Inman Street Properties, LLC, filed for Chapter 11 bankruptcy
protection (Bankr. E.D. Tenn. Case No. 16-12254) on June 1, 2016.
The petition was signed by Mike Hodnett, operations manager.  The
Debtor is represented by Richard L. Banks, Esq., at Richard Banks &
Associates, P.C.  The Debtor estimated assets and liabilities at
$100,001 to $500,000 at the time of the filing.


INNOVATIVE CONSTRUCTION: Plan Revised to Add Claims Payment Terms
-----------------------------------------------------------------
Innovative Construction, Inc., filed an amended disclosure
statement accompanying its amended Chapter 11 Plan dated Sept. 19,
2016.

According to the Amended Plan, Michael Mansour obtained judgment in
a mortgage foreclosure against the Debtor's real property.  The
underlying mortgage was granted to Mr. Mansour in accordance with a
loan made to the Debtor for improvements to the property.  The
property was scheduled to be sold at a sheriff's sale.     

Under the Amended Plan, all creditors will be paid in full. Michael
Mansour's $500,343 claim will be paid 36 monthly payments of $4,000
and a balloon payment of $356,343.  The balloon payment will be
made out of a future refinancing.  

Mid America Funding will be paid 60 monthly payments of $500.

Lawrence County will be paid 60 monthly payments of $502.12
pursuant to its secured claim.  

The Debtor's unsecured creditors will be paid via 52 monthly
payments as follows: 36 payments in the amount of $1,497, 15
payments in the amount of $5,498 and 1 payment in the amount of
$1,102.

The estimated first payment to unsecured creditors will be 90 days
after confirmation. The estimated last day of payment will be May
2021.

The Debtor's estimated amount to be paid on the effective date of
the Plan, including administrative expenses is:

     $9,263   Administrative Expenses
        325   UST fees
     ---------   
     $9,588   Total

The Debtor has no income.  However, commencing September 30, 2016,
the Debtor will generate income in the amount of $6,500 per month
pursuant to a monthly sales contract the Debtor entered into with
Sandro LLC for the sale of its sand and gravel deposits.  The
agreement is for 5 years.

The Plan does not include release of non-debtor parties.

A full-text copy of the Amended Disclosure Statement is available
at http://bankrupt.com/misc/pawb16-20088-47.pdf

                About Innovative Construction

Innovative Construction, Inc. leases real property to Caravan II,
LLC, which operates a hotel and restaurant.  It also owns sand and
gravel deposits.

The Debtor sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. W.D. Pa. Case No. 16-20088) on Jan. 12, 2016.  The
petition was signed by Linda Menichino, president.

The Debtor is represented by Robert O. Lampl, Esq.  The case is
assigned to Judge Jeffery A. Deller.

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


INVERRARY RESORT: Trustee Seeks to Hire Hunter Realty as Broker
---------------------------------------------------------------
The Chapter 11 trustee of The Inverrary Resort Hotel Condominium
Association Inc. and its affiliates seeks court approval to hire
real estate brokerage firm Hunter Realty Associates, Inc.

Maria Yip, the court-appointed trustee, tapped the firm to sell the
Debtors' interest in a resort hotel located in Lauderhill,
Florida.

Hunter Realty will receive a commission of 3% of the total sales
price. In the event another broker is involved in the sale, the
trustee will pay an additional 1% to that broker.

The sales price of the property will be determined via bidding
process, according to a filing with the U.S. Bankruptcy Court for
the Southern District of Florida.

Stephen Taylor, senior vice-president of Hunter Realty, disclosed
in a court filing that his firm does not have any connection to the
Debtors.

The firm can be reached through:

     Stephen P. Taylor
     Hunter Realty Associates, Inc.
     300 Galleria Parkway Suite 620
     Atlanta, GA 30339
     Phone: 770-916-0300
     Fax: 770-916-0301

                  Condominium Association Inc.

The Inverrary Resort Hotel Condominium Association, Inc., Nirvana
Inverrary Lofts, Inc., and Alrames S.A.de C.V. Corp. filed
voluntary chapter 11 petitions (Bankr. S.D. Fla. Case Nos.
16-17792, 16-17799 and 16-17802) on May 31, 2016.  The petitions
were signed by Maria E. Monzon, president/Trustee under the
Termination Trust.  The three Debtors are represented in their
jointly administered cases by Jason Slatkin, Esq., at Slatkin &
Reynolds, P.A.   The cases are assigned to Judge John K. Olson.  

At the time of the filings each single asset real estate Debtor
estimated its assets at less than $50,000 and its debts at more
than $1 million.


ISAM HIJAZI: Santander Bank Tries To Block Plan Outline Approval
----------------------------------------------------------------
Santander Bank, N.A., designated as the Class 1 claim holder, filed
with the U.S. Bankruptcy Court for the District of Massachusetts an
objection to Isam Hijazi's third amended disclosure statement,
claiming that it does not provide adequate information to enable
the Creditor to make an informed judgment about the third amended
plan of reorganization.

As reported by the Troubled Company Reporter on Sept. 6, 2016, the
Debtor filed its Third Amended Disclosure Statement states that
unsecured creditors will get 1.3% of their claims.  Creditors
holding Class 11 unsecured claims will receive a pro rata share of
$3,500 on the effective date of the plan, and $3,500 paid no later
than six months from the effective date, thereby realizing a 1.3%
dividend.

The Creditor claims that the Debtor's Third Amended Disclosure
Statement does not: (i) provide any information regarding repayment
terms regarding the post-petition real property taxes and insurance
that were advanced by the Creditor for the subject property; (ii)
state the escrow of $817.98, is the current escrow but will change
over time; and (iii) state what the estimated administrative
expense in the amount of $15,000 for the Creditor is related to.

The Creditor is represented by:

     Andrew S. Cannella, Esq.
     Bendett & McHugh, P.C.
     270 Farmington Avenue, Suite 171
     Farmington, CT 06032
     Tel: (860) 677-2868
     Fax: (860) 409-0626
     E-mail: BKECF@bmpc-law.com

Isam Hijazi, a self-employed general contractor residing in
Mashpee, Massachusetts, sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. D. Mass. Case No. 15-13903) on Oct. 8,
2015.  Michael Van Dam, Esq., at Van Dam Law LLP serves as the
Debtor's bankruptcy counsel.


JAMES JOHNIGEAN: Disclosures Conditionally OK'd; Nov. 10 Hearing
----------------------------------------------------------------
The Hon. Catherine Peekk McEwen of the U.S. Bankruptcy Court for
the Middle District of Florida has conditionally approved James
Johnigean's disclosure statement.

The Court will conduct on Nov. 10, 2016, at 2:30 p.m. a hearing on
confirmation of the Debtor's plan of reorganization, including
timely filed objections to confirmation, objections to the
Disclosure Statement,  motions for cramdown, applications for
compensation, and motions for allowance of administrative claims.

Any written objections to the Disclosure Statement must be filed
with the Court no later than seven days prior to the date of the
hearing on confirmation.  Objections to confirmation must be filed
with the Court 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.

James Johnigean filed for Chapter 11 bankruptcy protection (Bankr.
M.D. Fla. Case No. 14−10864).


JEANETTE GUTIERREZ: $64K Sale of Property to Gonzales Approved
--------------------------------------------------------------
Judge Craig A. Gargotta of the U.S. Bankruptcy Court for the
Western District of Texas authorized Jeanette M. Gutierrez's
private sale of real property located at 1219 Upland Road, San
Antonio, Texas, to Alicia Gonzales for is $64,000

The sale is free and clear of all liens and interests, except for
ad valorem taxes.

The ad valorem tax lien pertaining to the subject property will
attach to the sales proceeds and that the closing agent/Debtor will
pay all ad valorem tax debt owed incident to the subject property
immediately upon closing and prior to any disbursement of proceeds
to any other person or entity.

The ad valorem taxes for year 2016 pertaining to the subject
property will be prorated in accordance with the Earnest Money
Contract and will become the responsibility of the Purchaser and
the 2016 ad valorem tax lien will be retained against the subject
property until said taxes are paid in full.

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

                    About Jeanette M. Gutierrez

Jeanette M. Gutierrez and her spouse own and operate a couple of
businesses San Antonio, Texas, including GP Auto Sales, Inc.,
which
is involved in used car sales; Gutierrez P. Enterprises, LLC,
which
owns and rents several residual rental properties in San Antonio,
Texas; and FCRE, Inc.

Jeanette M. Gutierrez sought Chapter 11 protection (Bankr. W.D.
Tex. Case No. 15-52100g) on Aug. 31, 2015.

The Debtor tapped David T. Cain, Esq. at Law Office of David T.
Cain as counsel.



JEANETTE GUTIERREZ: $800K Sale of Property to Mesquite Approved
---------------------------------------------------------------
Judge Craig A. Gargotta of the U.S. Bankruptcy Court for the
Western District of Texas authorized Jeanette M. Gutierrez's
private sale of real property located at 7272 Culebra, San Antonio,
Texas to Mesquite Country Real Estate, LLC for $800,000.

The sale is free and clear of all liens and interests, except for
ad valorem taxes.

The ad valorem tax lien pertaining to the subject property will
attach to the sales proceeds and that the closing agent/ the Debtor
will pay all ad valorem tax debt owed incident to the subject
property immediately upon closing and prior to any disbursement of
proceeds to any other person or entity.

The ad valorem taxes for year 2016 pertaining to the subject
property will be prorated in accordance with the Earnest Money
Contract and will become the responsibility of the Purchaser and
the 2016 ad valorem tax lien will be retained against the subject
property until said taxes are paid in full.

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

                    About Jeanette M. Gutierrez

Jeanette M. Gutierrez and her spouse own and operate a couple of
businesses San Antonio, Texas, including GP Auto Sales, Inc., which
is involved in used car sales; Gutierrez P. Enterprises, LLC, which
owns and rents several residual rental properties in San Antonio,
Texas; and FCRE, Inc.

Jeanette M. Gutierrez sought Chapter 11 protection (Bankr. W.D.
Tex. Case No. 15-52100g) on Aug. 31, 2015.

The Debtor tapped David T. Cain, Esq. at Law Office of David T.
Cain as counsel.



JEFF BENFIELD: Taps Moon Wright as Bankruptcy Counsel
-----------------------------------------------------
Jeff Benfield Nursery, Inc., seeks authorization from the U.S.
Bankruptcy Court for the Western District of North Carolina to
employ Moon Wright & Houston, PLLC, as bankruptcy counsel.

The Debtor requires Jeff Benfield to:

     (a) provide legal advice with respect to the powers and duties
as debtor-inpossession in the continued operation of its business
and management of its properties;

     (b) negotiate, prepare, and pursue confirmation of a chapter
11 plan and approval of a disclosure statement, and all related
reorganization agreements and/or documents;

     (c) prepare on behalf of the Debtor necessary applications,
motions, answers, orders, reports, and other legal papers;
    
     (d) represent the Debtor in all adversary proceedings related
to the base case;

     (e) represent the Debtor in all litigation arising from or
relating to causes of action owned by the estate or defending
causes of action brought against the estate, in any forum;

     (f) appear in Court to protect the interests of the Debtor
before the Court; and,

     (g) perform all other legal services for the Debtor.

Jeff Benfield professionals will be paid at these hourly rates:
       
         Travis W. Moon                  $675.00
         Richard S. Wright               $500.00
         Andrew T. Houston               $425.00
         Caleb Brown                     $230.00
         Shannon Myers (Paralegal)       $180.00

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

Richard W. Wright, Esq., Partner of Jeff Benfield, assured the
Court that the firm is a "disinterested person" as the term is
defined in Section 101(14) of the Bankruptcy Code and does not
represent any interest adverse to the Debtors and their estates.

Jeff Benfield can be reached at:

         Richard W. Wright, Esq.
         MOON WRIGHT & HOUSTON, PLLC
         227 W. Trade Street, Suite 1800,
         Charlotte, NC

           About Jeff Benfield Nursery

Jeff Benfield Nursery, Inc., filed a chapter 11 petition (Bankr.
W.D.N.C. Case No. 09-40311) on April 17, 2009. The petition was
signed by Jeffrey L. Benfield, president. The Debtor is represented
by David G. Gray, Esq., at Westall, Gray, Connolly & Davis, P.A.
The case is assigned to Judge George R. Hodges.  The Debtor
disclosed total assets at $9,428,325 and total liabilities at
$9,370,095.


JEROME SYDNEY HEYWARD: Modifies Schedule of Payments to Creditors
-----------------------------------------------------------------
Jerome Sydney Heyward filed with the U.S. Bankruptcy Court for the
District of South Carolina its first amendment to the Disclosure
Statement, which, among other things, included modifications to the
Debtor's schedule of payment distributions to creditors.

The First Amended Disclosure Statement provides that Class 6(A) -
Claims of General Unsecured Creditors Table regarding the South
Carolina Department of Revenue has been deleted in its entirety.
The previous version of the Disclosure Statement provides that the
Department's unsecured claim amount is $1,549.86, with proposed
plan payout of $78 or 5% of the allowed unsecured claim.

Class 6(B) - Claims of General Unsecured Creditors Table regarding
the Internal Revenue Service has been deleted.  The First Amended
Disclosure Statement provides that the IRS will be paid 5% of its
Class 6(B) Claim, which totals $189,790.91, with a $159 per month
payment.

"This creditor filed an amended POC in the amount of $335,048.68
pending final assessment of the Debtor's tax returns for 2013, 2014
and 2015. The amended POC contained a general unsecured claim in
the amount of $189,790.91. The debtor will pay 5% of the allowed
unsecured claim amount through monthly payments as set forth
herein. The debtor's plan proposes to pay the sum of $9,540.00 as
unsecured," according to the First Amended Disclosure Statement.

Furthermore, the Claims of General Unsecured Creditors Table is
amended to provide that the South Carolina Department of Revenue
will be paid 5% of its total allowed claim amount, estimated to be
$44,451.21, with a $37 per month payment.

A full-text copy of the First Amended to Disclosure Statement dated
September 14, 2016 is available at
http://bankrupt.com/misc/scb16-00564-93.pdf

          About Jerome Sydney Heyward

Jerome Sydney Heyward, dba Heyward Consulting LLC, sought
protection under Chapter 11 of the Bankruptcy Code (Bankr. D.S.C.
Case No. 16-00564) on Feb. 8, 2016, and is represented by Robert A.
Pohl, Esq., in Greenville, South Carolina.  The case is assigned to
Judge David R. Duncan.


JESUS MISSION: Case Summary & 2 Unsecured Creditors
---------------------------------------------------
Debtor: Jesus Mission Church of Atlanta, Inc.
        3480 Summit Ridge Parkway
        Duluth, GA 30096

Case No.: 16-67623

Chapter 11 Petition Date: October 3, 2016

Court: United States Bankruptcy Court
       Northern District of Georgia (Atlanta)

Debtor's Counsel: Edward F. Danowitz, Jr., Esq.
                  DANOWITZ & ASSOCIATES, P.C.
                  300 Galleria Parkway, NW, Suite 960
                  Atlanta, GA 30339
                  Tel: (770) 933-0960
                  E-mail: edanowitz@danowitzlegal.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Heung Lee, secretary.

A copy of the Debtor's list of two unsecured creditors is available
for free at http://bankrupt.com/misc/ganb16-67623.pdf


JMO WIND DOWN: Plan Confirmation Hearing on Oct. 17
---------------------------------------------------
JMO Wind Down, Inc., formerly Jumio Inc., is slated to seek
confirmation of its Chapter 11 plan on Oct. 17, 2016, at 10:00 a.m.
(Eastern Time).  At the hearing, the Debtor will also seek final
approval of the adequacy of the Disclosure Statement.

In early September 2016, the Honorable Brendan L. Shannon granted
interim approval of the Disclosure Statement and approved the
following confirmation schedule:

             Event                               Date
             -----                               ----
Record Date                                  Aug. 31, 2016
Deadline to Serve Solicitation Package       Sept. 3, 2016
Deadline to File Plan Supplement             Sept. 30, 2016
Voting Deadline                              Oct. 7, 2016
Deadline for Opt-Out Election Forms          Oct. 7, 2016
Deadline to Object to Disclosure Statement   Oct. 11, 2016
Deadline for Debtor to Reply to Objections   Oct. 14, 2016
Confirmation Hearing                         Oct. 17, 2016

The Debtor has proposed a Plan of Liquidation that promises a 100%
recovery for holders of general unsecured claims totaling $390,000.
The Debtor estimates that the Estate will have Cash in the
approximate amount of $780,000 for distributions to holders of
allowed claims.  The filing of a consensual plan was made possible
by a global settlement reached with secured creditor and equity
holder Eduardo Saverin, the Official Committee of Equity Holders
and other parties.

A full-text copy of the Disclosure Statement for the Amended Plan
of Liquidation is available for free at:

     http://bankrupt.com/misc/deb16-10682_347_DS_JMO.pdf

A red-lined copy of the Disclosure Statement for the Amended Plan
of Liquidation is available for free at:

     http://bankrupt.com/misc/deb16-10682_348_DS_JMO.pdf

                        About JMO Wind Down

Known as Jumio Inc. before selling its assets in a bankruptcy
court-sanctioned sale, JMO Wind Down Inc. was an online and mobile
identity management and credentials authentication company.
Headquartered in Palo Alto, California, Jumio had operations in the
United States, Europe and India.  Its customers include, among
others, Airbnb, United Airlines, WorldRemit, EasyJet, and
Duolingo.

Jumio Inc. filed a Chapter 11 bankruptcy petition (Bankr. D. Del.
Case No. 16-10682) on March 21, 2016.  The petition was signed by
Stephen Stuut as chief financial officer.  The Debtor estimated
assets of $1 million to $10 million and debt of up to $50 million.
Judge Brendan Linehan Shannon is the case judge.

The Debtor tapped Landis Rath & Cobb LLP as bankruptcy counsel;
Ernst & Young, LLP, as financial advisor; Wilmer Hale, LLP ("WH")
as special corporate counsel; and Cooley LLP as special litigation
counsel.  Rust Consulting/Omni Bankruptcy is the claims and
noticing agent.

The Official Committee of Equity Holders retained K&L Gates LLP as
general bankruptcy counsel, Pachulski Stang Ziehl & Jones LLP as
co-counsel, and EisnerAmper as financial advisor.

                           *     *     *

The Debtor filed a motion to sell the assets for $22.7 million (the
"Stalking Horse Bid") to Jumio Acquisition, LLC (the "Stalking
Horse Bidder"), absent higher and better offers.   Jumio
Acquisition is an entity formed by Facebook co-founder Eduardo
Saverin, holder $15.8 million secured debt on account of
prepetition senior secured convertible promissory notes, and who
was invested at least $23 million in the preferred and common
equity of the Debtor.

Unable to resolve issues with Equity Holders, the stalking horse
withdrew the bid.  On May 6, 2016, the Court entered an order
authorizing the Debtor to sell the assets to an entity formed by
Centana Growth Partners, Jumio Buyer Inc. (the "Buyer"), for cash
equal to $850,000 less certain agreed cure costs totaling no more
than $300,000 and plus assumption all liabilities of operating the
business from and after May 9, 2016

The Debtor changed its name to JMO Wind Down Inc., following the
sale.

On July 25, 2016, the Debtor announced a Global Settlement with Mr.
Saverin, and the Equity Committee.  The Global Settlement forms the
foundation of the consensual Plan of Liquidation filed by the
Debtor.


JOHN BIANCO: Plan Outline Okayed; Oct. 27 Confirmation Hearing Set
------------------------------------------------------------------
Judge Stephen C. St. John of the U.S. Bankruptcy Court for the
Eastern District of Virginia approved on Sept. 19, 2016, the Second
Disclosure Statement filed by John T. Bianco.

Oct. 20, 2016, is fixed as the last day for filing written
acceptances or rejections of the Debtor's Second Plan of
Reorganization.

Oct. 27, 2016, at 11:00 a.m. is fixed for the hearing on
confirmation of the Plan.

Any objection to confirmation of the Plan and any complaint
objecting to the discharge of the individual debtor, if applicable,
will be filed with the Clerk of the United States Bankruptcy Court
no later than 7 days prior to the hearing on confirmation of the
plan and any objection to confirmation shall be served pursuant to
Rule 3020(b)(1) of the Federal Rules of Bankruptcy Procedure and
Local Bankruptcy Rule 3016-1(E).

                       About John T. Bianco

John T. Bianco is a Division Chief for the City of Virginia Beach
Emergency Medical Services.  In addition to his employment with the
City, Mr. Bianco serves as an adjunct faculty at Tidewater
Community College, teaching public safety, education, health care
and leadership programs.  He resides in Virginia Beach with his
girlfriend and their two children.

In 2005, as an additional source of revenue, Mr. Bianco purchased
and started managing several single-family residential real estate
properties.  

The Debtor filed for Chapter 11 bankruptcy protection (Bankr. E.D.
Va. Case No. 15-73678) on Oct. 28, 2015.



JOHN STOY: Court Denies Approval of Third Amended Plan Outline
--------------------------------------------------------------
The Hon. Robert A. Gordon of te U.S. Bankruptcy Court for the
District of Maryland has denied approval of John A. Stoy and Susan
R. Stoy's third amended disclosure statement.

The Court ruled that the Third Amended Disclosure Statement must be
amended.  The Debtors will have 60 days from the Sept. 23, 2016,
court order to amend the Disclosure Statement.

On May 6, 2016, the Debtors filed the Third Amended Disclosure
Statement, which, as with the prior version, was served only on the
U.S. Trustee and not in accordance with Federal Bankruptcy Rule
3017(a).  The Debtors did not file a corresponding amended plan.

A hearing was held on May 16, 2016.  The Court indicated at the
hearing that the Third Amended Disclosure Statement was deficient
in not including information that is reasonably necessary to permit
creditors to fairly and effectively evaluate the plan.  In a prior
oral ruling, the Court set forth in great detail (in an hour-long
hearing on Feb. 1, 2016) amendments and revisions required as to
the Amended Disclosure Statement filed on June 16, 2015.  However,
many of these points went unheeded.  Accordingly, the Court thought
it best to memorialize the required amendments in writing.

According to the Court, the Third Amended Disclosure Statement has
errors in grammar, usage and spelling.  These problems were noted
at the Feb. 1 hearing and as they persisted in the disclosure
statement's prose, the counsel is admonished to be mindful of them,
the court said.  Drafting inconsistencies and errors make it all
the more difficult to interpret an already complex situation, the
court added.  Proofreading throughout is strongly encouraged, Judge
Gordon noted in his order.

Judge Gordon also pointed out that the discussion of the Debtors'
assets at Page 6 of the Third Amended Disclosure Statement (which
lumps in the Debtors' flooring and construction business and their
rental properties) provides no meaningful narrative or substantive
information to creditors.  The Debtors refer interested parties to
their schedules for an inventory of their assets and then give a
streaming, single sentence recitation of the types of assets they
own without any descriptive substance.  This is unacceptable
particularly in light of this case's age, the Court says.  The
Debtors must amend the Third Amended Disclosure Statement to
include an itemized list that sets forth each separate asset and
includes the asset's value and any relevant information that might
impact on its value, including cost, age, condition, use, location
whether it is held subject to liens of any type and if so, the
amount thereof.  Moreover, the Debtors must indicate if they have
exempted all, or a portion, of a particular item’s equity and
note the amount of the exemption.

A copy of the court order is available at https://is.gd/RCI4Vo

John A. Stoy and Susan R. Stoy filed for Chapter 11 bankruptcy
protection (Bankr. D. Md. Case No. 14-23646).


JORGE RODRIGUEZ: Plan Outline Gets OK; Conf. Hearing on Nov. 23
---------------------------------------------------------------
Judge Mildred Caban Flores entered an order approving Jorge
Rodriguez's amended disclosure statement explaining its Chapter 11
Plan dated Sept. 15, 2016.

A hearing to consider confirmation of the Plan and of any
objections to confirmation of the Plan will be held on Nov. 23,
2016, at 9:00 a.m., at the Jose V. Toledo Federal Building and US
Courthouse, 300 Recinto Sur Street, Courtroom 3, Third Floor, in
San Juan, Puerto Rico.

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

Objections to confirmation of the plan must be filed on or before
14 days prior to the Confirmation Hearing.

The Court directed the Debtor to file with the Court a statement
setting forth compliance with each requirement in 11 U.S.C. Sec.
1129, the list of acceptances and rejections and the computation of
the same, within seven working days before the Confirmation
Hearing.

Jorge Rodriguez sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. C.D. Cal. Case No. 12-48684) on Nov. 20,
2012.


JULIE HO: Unsecureds To Recover 13.74% Under Amended Plan
---------------------------------------------------------
Julie T. Ho filed with the U.S. Bankruptcy Court for the Northern
District of Illinois an amended disclosure statement in conjunction
with the Debtor's amended plan of reorganization.

General Unsecured Creditors will receive a pro-rata share (13.74%)
of $189,559.83 remaining from the funds tendered by the Debtor's
family members.  The payments to unsecured creditors will be made
within 60 days of the Effective Date.  There are 15 creditors that
make up the class and claimed a total amount of $1,379,179.78.

The Debtor will make all payments out of her future income from
rental of real estate, Skippy's Gyros II and from contributions
from family members.  The Debtor is the disbursing agent.  The
Debtor expects to receive net income sufficient to pay all claims.


The Amended Disclosure Statement is available at:

          http://bankrupt.com/misc/ilnb15-35338-75.pdf

The Amended Plan was filed by the Debtor's counsel:

     Paul M. Bach, Esq.  
     Penelope N. Bach, Esq.
     Bach Law Offices
     P.O. Box 1285
     Northbrook, Illinois 60065
     Tel: (847) 564-0808  

Julie T. Ho has operated her businesses of Rental Real Estate,
Skippy's Gyros II and managed her financial affairs as
debtor-in-possession since the inception of her reorganization
case.  The Debtor filed for Chapter 11 bankruptcy protection
(Bankr. N.D. Ill. Case No. 15-35338) on Oct. 16, 2015.


KDP BELLEFONTE: Unsecureds Will Receive No Distribution Under Plan
------------------------------------------------------------------
KDP Bellefonte, Inc., filed with the U.S. Bankruptcy Court for the
Middle District of Pennsylvania a disclosure statement dated Sept.
23, 2016, describing the Debtor's plan of reorganization dated
Sept. 23, 2016.

Class 3 General Unsecured Claims are impaired under the Plan.
These claims will receive no distribution.

The Debtor seeks to funds its plan through the joint sale of its
assets with Dunlap Street, LLC.

The Disclosure Statement is available at:

           http://bankrupt.com/misc/pamb16-00543-41.pdf

The Plan was filed by the Debtor's counsel:

     Donald M Hahn, Esq.                   
     STOVER MCGLAUGHLIN GERACE WEYANDT & MCCORMICK PC
     122 East High Street
     P.O. Box 209
         Bellefonte, PA 16823
         Tel: (814) 355-8235
         Fax: (814) 355-1304
         E-mail: dhahn@nittanylaw.com

Headquartered in Bellefonte, Pennsylvania, KDP Bellefonte, Inc.,
fdba Gamble Mill Restaurant & Microbrewery,  owns a liquor license,
furniture, fixtures, equipment, and other business assets, which it
used to operate the Gamble Mill Restaurant and Microbrewery from
2007 to 2014.

The Debtor filed for Chapter 11 bankruptcy protection (Bankr. M.D.
Pa. Case No. 16-00543) on Feb. 10, 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 David Fonash,
president.

Judge John J. Thomas presides over the case.

Donald M Hahn, Esq., at Stover McGlaughlin Gerace Weyandt &
McCormick PC serves as the Debtor's bankruptcy counsel.


KEY ENERGY: Moody's Changes PDR to Ca; Outlook Remains Negative
---------------------------------------------------------------
Moody's Investors Service changed Key Energy Services, Inc.'s
Probability of Default Rating to Ca-PD/LD from Ca-PD upon the
expiration of the 30-day grace period following Key Energy's
election not to make the semi-annual coupon payment on September 1,
2016 for its $675 million senior notes.  Key Energy's Ca Corporate
Family Rating (CFR), Ca senior unsecured notes rating and SGL-4
Speculative Grade Liquidity Rating (SGL) were affirmed. The outlook
remains negative.

Issuer: Key Energy Services, Inc.

Changes:
  Probability of Default Rating, Changed to Ca-PD/LD from Ca-PD

Affirmations:
  Corporate Family Rating, Affirm Ca
  US$675 Million 6.75% Senior Unsecured Notes, Affirm Ca (LGD4,
   changed from LGD5)
  Speculative Grade Liquidity Rating, Affirm SGL-4

Outlook Actions
  Maintain Negative outlook

                        RATINGS RATIONALE

On Sept. 21, 2016, Key Energy began solicitation of votes for the
acceptance of a prepackaged bankruptcy plan as well as for a rights
offering, and the company expects to file under Chapter 11 on or
before Nov. 8, 2016, in the U.S. Bankruptcy Court in the District
of Delaware.  Moody's considers Key Energy's election to not make
the interest payment on the unsecured notes an event of default,
under Moody's definition of default.  As noted above, Moody's
appended the Ca-PD PDR with a "/LD" designation indicating limited
default.  The "/LD" designation will be removed three business days
hereafter.

Key Energy entered into a Plan Support Agreement (PSA) on August
24, 2016 with 89% of its unsecured bondholders as well as with a
lender group comprising 88% of the amounts outstanding under its
secured term loan in an effort to restructure its balance sheet and
reduce funded debt by $725 million.  Also on Aug. 24, 2016, the
company entered into a limited consent and amendment to its ABL
revolving credit facility agreement in order to enable
implementation of the PSA.  At that time, ABL lender commitments
were terminated except with respect to the outstanding letters of
credit in an amount of approximately $39 million.

Under the terms of the PSA, the $675 million bonds will be
converted to new Key Energy equity upon its emergence from
bankruptcy.  The company expects that bondholders will own about
95% of the reorganized Key Energy while existing shareholders will
own the remaining 5%.  The PSA also allows term loan lenders to
receive an immediate payment of about $10 million in principal and
accrued interest, another payment upon plan consummation to
decrease the term loan balance to $250 million, and an aggregate
principal allocation amount of $250 million under a new term loan.

The Ca CFR reflects Key Energy's untenable capital structure,
impending bankruptcy filing, and poor revenue, cash flow and
equipment utilization prospects through 2017 as the oilfield
services industry continues to grind through a deep and protracted
downturn.

The negative outlook reflects Key Energy's looming bankruptcy.
Moody's will downgrade Key Energy's PDR to D-PD once it has
formally filed under Chapter 11.

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

Key Energy, headquartered in Houston, Texas, is an oilfield
services company with the majority of its operations in the United
States across the major oil and gas producing regions.



KUBCO DECANTER: Taps Peter Johnson Law Office as Legal Counsel
--------------------------------------------------------------
Kubco Decanter Services, Inc. seeks approval from the U.S.
Bankruptcy Court for the Southern District of Texas to hire the Law
Offices of Peter Johnson.

The firm will serve as the Debtor's legal counsel in connection
with its Chapter 11 case.  The services to be provided by the firm
include the formulation and negotiation of a plan of
reorganization, and preparation of documents for the sale of its
properties.

The current hourly rate of Peter Johnson, Esq., the principal
attorney designated to represent the Debtor, is $425.  Other
attorneys or legal assistants of the firm who may represent the
Debtor will likewise bill for actual time spent at their respective
standard rates.

In a court filing, Mr. Johnson disclosed that the firm's attorneys
are "disinterested persons" as defined in section 101(14) of the
Bankruptcy Code.

The firm can be reached through:

     Peter Johnson, Esq.
     Law Offices Of Peter Johnson
     Eleven Greenway Plaza, Suite 2820
     Houston, Texas 77046
     Phone: (713) 961-1200
     Fax: (713) 961-0941
     Email: pjohnson@pjlaw.com

                  About Kubco Decanter Services
           
Kubco Decanter Services, Inc. filed a Chapter 11 petition (Bankr.
S.D. Tex. Case No. 16-34581), on September 9, 2016.  The petition
was signed by Russel O'Brien, vice-president.  The case is assigned
to Judge Jeff Bohm.  The Debtor is represented by Peter Johnson,
Esq. at the Law Offices of Peter Johnson of Houston, TX. At the
time of filing, the Debtor disclosed $1.26 million in total assets
and $1.63 million in total liabilities.


KUM GANG: Unsecureds To Recoup 9.09218% Under 4th Amended Plan
--------------------------------------------------------------
Kum Gang, Inc., filed with the U.S. Bankruptcy Court for the
Eastern District of New York a fourth amended disclosure statement
explaining its fourth amended plan of reorganization.

The Debtor owes unsecured creditors the sum of $3,577,797.13.
These claims -- classified as Class 3 General Unsecured Claims --
include (a) a claim by Empire Merchants LLC for $3299.61; a claim
by Han Sung Sikpoon Trading Corp for $72,903.50; a claim by
plaintiffs in Tae H. Kim et al v. Kum Gang Inc. in the amount of
$3,449,517.07; a claim by Consolidated Edison Company of New York,
Inc. in the amount of $2076.95; and a claim by Manuel Guazhoo in
the amount of $50,000.   

Under the Plan, Class 3 will be paid 9.09218% of their claims, for
a total of $325,000, on the Effective Date.  This class is impaired
and is entitled to vote on the Debtor's Plan.  The unsecured
judgment creditors' pro rata share of the $325,000 (based on the
full amount of their asserted claims) will be allocated to the
liquidated damages portion of the award judgment as opposed to back
pay, and based on the operation of Section 1141(d)(1)(A) of the
Bankruptcy Code, the unsecured judgment creditors' claims against
the Debtor will be discharged upon the effective date of the Plan.
This class is impaired and is entitled to vote on the Debtor's
Plan.

Distributions to be made pursuant to the Amended Plan will be made
available from new equity cash investment in the amount of $325,000
provided by Je Sang Yu, the new equity investor in the Reorganized
Debtor.

The Fourth Amended Disclosure Statement is available at:

          http://bankrupt.com/misc/nyeb15-42018-145.pdf

The Fourth Amended Plan was filed by the Debtor's counsel:

     Law Office of Michael Resnick
     270 North Avenue, Suite 811  
     New Rochelle, New York 10801
     Tel: (646) 599-1359  
     E-mail: michael@resnicklawyer.com

Kum Gang, Inc., based in Flushing, N.Y., filed a Chapter 11
petition (Bankr. E.D.N.Y. Case No. 15-42018) on April 30, 2015.  
Hon. Carla E. Craig presides over the case.  In its petition, the
Debtor estimated $1 million to $10 million in both assets and
liabilities.  The petition was signed by Ji Sung Yoo, president.


LAST CALL: Hires SSG Advisors as Investment Banker
--------------------------------------------------
Last Call Guarantor, LLC, et al. seek authorization from the U.S.
Bankruptcy Court for the District of Delaware to employ SSG
Advisors, LLC, as investment banker to the Debtors, nunc pro tunc
to the Petition Date.

The Debtors require SSG Advisors to:

     (a) advise on all aspects of the Financing;

     (b) approach and negotiate with potential financing sources;

     (c) assist the Debtors in compiling a data room in connection
with a Sale;

     (d) assist the Debtors in developing a list of suitable
potential buyers;

     (e) solicit competitive offers from potential buyers;

     (f) advise and assist the Debtors in structuring and
negotiating the Sale transaction;

     (g) assist the Debtors in negotiating with existing
stakeholders regarding a potential Restructuring; and,

     (h) prepare enterprise valuation, liquidation valuation, and
feasibility analysis and provide expert testimony in support.

SSG Advisors will receive the following compensation:

     (a) Monthly fees of $25,000 per month payable on the first of
each month beginning July 1, 2016;

     (b) Success Fee composed of (1) financing fee upon the closing
of a Financing Transaction, SSG shall be entitled to a fee, payable
in cash at, and as a condition of, closing of such Financing,
regardless of whether the Debtors choose to draw down the full
amount of the committed Financing at that time, equal to the
greater of: $250,000 or 3.00% of any Financing raised; (2) sale fee
upon the consummation of a Sale Transaction, SSG shall be entitled
to a fee, payable in cash at, and as a condition of closing of such
Sale, equal to the greater of: $250,000 or 3.00% of Total
Consideration. In the event the existing lenders put forth a credit
bid and such bid is the only qualified bid at a section 363
auction, SSG shall be entitled to a Sale Fee of $250,000; and, (3)
restructuring fee upon the closing of a Restructuring Transaction,
SSG shall be entitled to a fee equal to $400,000 which shall be
paid from operating cash flow, available cash, new funds or
otherwise. If a Restructuring Transaction is completed with the
existing lenders, the Restructuring Fee shall equal $250,000 and
SSG shall credit the first two Monthly Fees to the extent such
Monthly Fees were paid by the Debtors.

     (c) Multiple Transactions where in the event multiple types of
Transactions are consummated, only the greater of the Financing
Fee, the Restructuring Fee, or the Sale Fee shall be owed and
payable to SSG. SSG agrees that it is not owed the Financing Fee as
a result of the Debtors’ postpetition financing arrangement with
Fun Eats and Drinks, LLC.

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

During the 90 days immediately preceding the Petition Date, SSG
received payments totaling $75,000. Specifically, SSG received a
payment in the amount of $25,000 on each of June 17, 2016; July 14,
2016; and August 5, 2016. Other than as set forth herein, SSG did
not receive any payments from the Debtors during the one year
period immediately preceding the Petition Date. SSG is not owed
with any amounts for services rendered prior to the Petition Date.

Michael S. Goodman, Managing Director of SSG Advisors, assured the
Court that the firm is a "disinterested person" as the term is
defined in Section 101(14) of the Bankruptcy Code and does not
represent any interest adverse to the Debtors and their estates.

SSG Advisors can be reached  at:

         Michael S. Goodman
         SSG ADVISORS, LLC
         Five Tower Bridge, Suite 420, 300 Barr Harbor Drive
         West Conshohocken, PA 19428    
         Tel.: (610) 940-5806
         Fax: (610) 940-3875
         Email: mgoodman@ssgca.com

             About Last Call Guarantor

Headquartered in Dallas, Texas, and with operations in 25 states,
Last Call Guarantor, LLC, et al., own and operate sports bar and
casual family-dining restaurants under three well-recognized
concepts, namely Fox & Hound, Bailey's Sports Grille, and Champps.

They operate 48 Fox & Hound locations, nine Bailey's locations, and
23 Champps locations. They have franchise agreements with five
franchisees for Champps Restaurants. The Company has more than
4,700 full and part-time employees.

On Aug. 10, 2016, each of Last Call Guarantor, LLC, Last Call
Holding Co. I, Inc., Last Call Operating Co. I, Inc., F&H
Restaurants IP, Inc., KS Last Call Inc., Last Call Holding Co. II,

Inc., Last Call Operating Co. II, Inc., Champps Restaurants IP,
Inc. and MD Last Call Inc. filed a Chapter 11 bankruptcy petition
(Bankr. D. Del. Case Nos. 16-11844 to 16-11852). The petitions were
signed by Roy Messing, the CRO.

Last Call Guarantor estimated assets in the range of $10 million to
$50 million and liabilities of $100 million to $500 million.

Dennis A. Meloro, Esq., Nancy A. Mitchell, Esq., Nancy A. Peterman,
Esq., Matthew Hinker, Esq., and John D. Elrod, Esq., at Greenberg
Traurig, LLP, represent the Debtors as counsel.

Judge Kevin Gross is assigned to the cases.


LAURA ELSHEIMER: Unsecureds To Be Paid in Full in 6 Months
----------------------------------------------------------
Laura Elsheimer LLC filed a Chapter 11 plan of reorganization and
accompanying disclosure statement, which propose that holders of
Class 2 - Allowed Unsecured Claims will receive on account of the
Allowed Amount 100% payment of their claims as follows: (i) $5,000
at the Effective Date and (ii) $4,976.46 plus 2% interest no later
than six months from the Effective Date.

The Debtor owns the properties known as 20-24 Main Street & 3
Felton Street in Hudson, Massachusetts.  The Property consists of
seven residential apartments and four commercial spaces.  Prior to
this case filing, the Debtor fell behind on its mortgage obligation
to Velocity Commercial Capital.  The Debtor fell behind as a result
of vacancy along with the cost of debt service.

The source of payment in order to have cash on hand at the
Effective Date will be from (i) the Debtor's employment income;
(ii) rental income; and (iii) other miscellaneous funds accumulated
by the Debtor during the pendency of this Chapter 11 case.  From
these sources, the Debtor currently has enough funds in his
Personal DIP account.  These funds will be disbursed the Disbursing
Agent as follows:

   * Estimated Administrative Claim   $6,500
   * Class 2 Payment                  $5,000

A full-text copy of the Disclosure Statement dated September 26,
2016, is available at http://bankrupt.com/misc/16-40853-39.pdf

Laura Elsheimer LLC filed for Chapter 11 bankruptcy protection
(Bankr. D. Mass. Case No. 16-40853) on May 16, 2016.  Michael Van
Dam, Esq., at Van Dam Law LLP serves as the Debtor's bankruptcy
counsel.


LEA POWER: Fitch Affirms BB+ Rating on $245.7MM Secured Notes
-------------------------------------------------------------
Fitch Ratings has affirmed the rating on Lea Power Partners, LLC's
(LPP) $245.7 million senior secured notes due 2033 at 'BB+'.  The
Rating Outlook is Stable.

The rating reflects Lea Power Project's (LPP) fixed-price tolling
style agreement with Southwestern Public Service (SPS, rated
'BBB'/Stable Outlook), which provides revenue stability for LPP and
largely eliminates supply risk.  The Stable Outlook reflects
expectations that project performance can return to base case
levels following maintenance and repairs during recent planned and
forced outages.  Average debt service coverage is expected to
remain at 1.38x though maturity in Fitch's rating case, with an
overall declining coverage profile and minimum debt service
coverage ratio (DSCR) reaching 1.20x in 2032.

                          KEY RATING DRIVERS

Revenue Risk: Midrange
Stable Revenue Profile - The project is supported by a 25-year
tolling agreement with SPS under which SPS purchases capacity,
energy and ancillary services through 2033.  Capacity payments
provide roughly 80%-90% of the total revenues at a fixed price over
the term of the power purchase agreement (PPA).

Supply Risk: Stronger
Mitigated Supply Risk - The PPA with SPS is structured as a tolling
agreement, largely eliminating price and volume risks associated
with natural gas supply, as SPS is responsible for providing the
fuel to the project site.

Operation Risk: Midrange
Stabilized Operating Performance - The project has maintained high
availability, strengthening already contracted revenues through the
generation of dispatch availability revenues.  Despite historical
variability during major overhaul years, the long-term service
agreement (LTSA) helps to smooth operating costs over the contract
term, which expires in 2024.

Debt Structure: Midrange
Typical Debt Structure - Structural features include a six-month
debt service reserve, working capital reserve and a major
maintenance reserve based on 100% of the current-year overhaul
expenses and 50% of the following year's expenses, which Fitch
views as typical for a thermal power project.  The overall
declining DSCR profile is a weakness, notwithstanding the
fixed-rate, fully-amortizing debt structure.

Adequate Debt Service Coverage: Despite early operational
challenges that pushed DSCR ratios to near breakeven, historical
DSCRs have averaged 1.25x since 2008 with an LPP 2016 forecast DSCR
of 1.36x.  Under Fitch's rating case conditions, including a 10%
increase to operations and maintenance expenses as well as lower
(95%) availability, DSCRs are projected to average 1.38x through
debt maturity, reaching a minimum of 1.20x in 2032.

Peers: Lea Power's peers include Kleen Energy Systems, LLC
('BB'/Negative Outlook) and Orange Cogen Funding Corporation
('BBB+'/Stable Outlook).  All three projects are single-site,
gas-fired, combined-cycle cogeneration facilities with
investment-grade off-takers.  Kleen Energy has a similar tolling
style agreement, which expires in 2018, exposing the project to
market-based pricing, and has experienced continued cost volatility
resulting in a lower average DSCR of 1.30x.  Orange Cogen is rated
higher due to its relatively low leverage and high DSCR of 2.93x,
driven by a long history of strong operating performance and
resilient cash flow.

                      RATING SENSITIVITIES

Negative - Operating performance shortfall: A significant and
sustained change to operating performance and availability that
reduces financial cushion below 1.30x could result in a downgrade.


Negative/Positive - Cost profile changes: Persistent operating cost
increases above 10% could negatively affect the rating, while
sustained long-term cost reductions could result in improved
project cash flow consistent with a higher rating level.

                        SUMMARY OF CREDIT

Overall, the project's financial performance remains relatively
consistent with revised expectations, despite a severe outage in
2014 that affected 2015 capacity payments.  Fitch expects the
project to recover to near base case levels in the near term, as
LPP has exhibited improving availability and a stable cost
profile.

In fourth quarter 2014, the project incurred an outage following a
planned maintenance overhaul.  The outage was caused by an arc
fault in the generator connection box.  Total repair costs borne by
the project totalled approximately $820,000 with lost revenues from
unplanned downtime equivalent to about $3 million.  As Fitch
expected, total coverage fell below base case expectations to 1.26x
in 2015.  Capacity payments make up the majority of total revenues
(82.9% of revenues in 2015), and are calculated based on a rolling
12-month availability average.  In 2015, total revenue decreased
1.4% ($55.1 million) affected by the 2014 outage, while average net
capacity factor had grown to 74% (compared to 55% in 2014).

The project incurred a forced outage in June 2016, due to a circuit
breaker issue on the steam turbine, which was resolved in a week,
but reduced the capacity availability factor that month. The
12-month rolling average capacity availability factor fell 1.3% to
92.39% as of July 2016 and is expected to improve, leading to
increased capacity revenues.  Revenue through June 2016 is 6%
higher than the same time period in 2015 due to the installed
turbine upgrades and six-month 2016 coverage is currently at 1.29x.
Management expects DSCR to increase to 1.36x by year-end as the
project recovers.

Total expenses in 2015 continued to decrease, down 5% to $14.4
million, due to reductions in O&M, G&A, insurance, and management
fees.  There were no forced outages in 2015, which kept O&M costs
low.  2016 expenses are expected to grow 15%, due to plant and
non-LTSA covered maintenance performed concurrently with planned
turbine inspections in the spring and fall; aside from this
increase, expenses are otherwise in line with cost expectations. In
addition to plant expenses, LPP must fund a major maintenance
reserve to pay monthly LTSA charges from Mitsubishi.  The major
maintenance reserve increased 28% to $6.1 million in 2015 as a
result of the previous outage, but is expected to decrease to $5.8
million in 2016.

                         TRANSACTION SUMMARY

The project consists of a 604 megawatt natural gas-fired,
combined-cycle electric generating facility selling energy and
capacity under a 25-year PPA with SPS.  SPS purchases capacity at a
fixed price and obtains full dispatch rights over the facility. LPP
is reimbursed for nonfuel variable operating costs through a
separate fixed-price energy payment.  The PPA is structured as a
tolling agreement, and SPS is responsible for providing natural gas
fuel.  SPS is a fully integrated, investor-owned electric utility
serving New Mexico and parts of Texas.  The project entered into an
LTSA with Mitsubishi Power Systems Americas, Inc. in 2011 which is
set to expire in 2022 based on projected run hours.  FREIF North
American Power, LLC owns a 100% indirect equity interest in LPP and
provides the liquidity reserve letter of credit.


LENNAR CORP: Fitch Affirms 'BB+' Issuer Default Rating
------------------------------------------------------
Fitch Ratings has affirmed the ratings of Lennar Corporation (NYSE:
LEN), including the company's Issuer Default Rating (IDR), at
'BB+'. The Rating Outlook remains Positive.

KEY RATING DRIVERS

The ratings for Lennar are based on the company's strong track
record over the past 36-plus years, geographic diversity, customer
and product focus, generally conservative building practices and
effective utilization of return on invested capital criteria as a
key element of its operating model. Additionally, there has been
continuity in Lennar's management during this housing cycle and
Fitch considers this management team to be the deepest among the
public builders within its coverage.

The Positive Outlook reflects Lennar's operating performance in
2014, 2015 and so far in 2016 as well as projected full-year 2016
and 2017 financial ratios (especially leverage and coverage), solid
liquidity position and favorable prospects for the housing sector
during 2016 and 2017. Fitch believes that the housing recovery is
firmly in place (although the rate of recovery remains well below
historical levels and the recovery will likely continue to occur in
fits and starts).

The ratings and Outlook for Lennar also incorporate the company's
successful execution of its operating model, resulting in a steady
capital structure through the cycle, including net
debt/capitalization levels consistently at or below 46% (this ratio
was 40% as of Aug. 31, 2016). Given the company's strong cash flow
generating ability during a cyclical downturn, the company's net
debt/capitalization was lowest at the height of the housing
downturn at around 30% during fiscal year end (FYE) 2007 and
FYE2008 (after reporting inventory impairment charges of
approximately $1.9 billion between FY2006-FY2008).

Management is also executing well on its soft-pivot strategy,
wherein the company is looking to tie up land with a two-three-year
average life and reducing its overall land supply. This is
reflected in the company's total lots controlled, which declined
6.4% year-over-year (YOY) (with lots owned decreasing 2% YOY).
Based on latest-12-month (LTM) closings, Lennar controlled 6.1
years of land and owned roughly 5.0 years of land, down from the
6.9-year supply (5.2 years owned) at FYE2015 and 7.8 year supply
(6.3 years owned) at FYE2014.

The recently announced acquisition of WCI Communities, Inc., as
currently contemplated, slightly increases the company's leverage
levels but does not affect its ratings and Outlook. Fitch expects
the company will fund the merger consideration, valuing WCI's
common stock at $23.50 per share or a $643 million equity value
(total enterprise value of $809 million), with 50% cash and 50%
Lennar stock. (Lennar has the option of varying the portions of the
$23.50 per share merger consideration that will be cash and stock,
including paying the entire merger consideration in cash.) The
company will also assume/repay WCI's existing $250 million 6.875%
senior unsecured notes due 2021. On a pro forma basis, assuming
50/50 cash and stock consideration, Lennar's net
debt/capitalization will increase slightly to 41% from 40% while
debt/EBITDA will rise to 3.7x from 3.6x.

WCI ACQUISITION

On Sept. 22, 2016, Lennar announced that it had entered into a
definitive agreement to acquire all of the outstanding shares of
WCI Communities, Inc. in a cash and stock transaction valued at
$23.50 per share, representing a 37% premium to WCI's closing stock
price on Sept. 21, 2016. The transaction has been unanimously
approved by WCI's board. There is a 35-day go-shop period wherein
the company will actively solicit, evaluate, and potentially enter
into negotiations with parties that offer alternative proposals.
The transaction is expected to close in December 2016 or January
2017.

The transaction will combine two of the largest homebuilders in
Florida. WCI Communities, Inc. has established a leading expertise
in developing amenity-rich, lifestyle master planned communities
catering to move-up, active adult and second-home buyers. In the
LTM period ending June 30, 2016, WCI delivered 1,118 homes with an
average sales price of approximately $444,000. The transaction will
include a portfolio of owned and controlled land totalling
approximately 14,200 homesites located in most of the highest
growth and largest coastal Florida markets.

WCI's predecessor company was founded in 1998 and filed for
bankruptcy in 2008 amidst the severe housing downturn. The company
had heavy exposure to high-rise / high-end condos in vacation-home
and resort communities in Florida. WCI emerged from bankruptcy in
September 2009. Currently, WCI only has one high-rise project, a
75-unit high-rise tower unit in Bonita Springs, Florida.

IMPROVING FINANCIAL RESULTS AND CREDIT METRICS

Lennar's homebuilding revenues during the first nine months of
FY2016 (ending Aug. 31, 2016) increased 16.3% to $6.7 billion as
home deliveries improved 10.1% to 18,275 and the average selling
price advanced 5.8% to $362,662. The company reported homebuilding
operating income of $889.8 million (13.4% of homebuilding revenues)
during the FY2016 YTD period, up from $785.8 million (13.6%) during
the same period last year.

The company's net debt/capitalization declined from 44% at FYE2014
to 42% at FYE2015 and 40% as of Aug. 31, 2016. Debt/EBITDA has
improved from 4.0x at FYE2014 to 3.7x at FYE2015 and 3.6x for the
LTM period ending May 31, 2016. FFO adjusted leverage was 6.0x at
FYE2015 and is currently 4.2x. Interest coverage rose from 4.3x at
the end of FY2014 to 4.7x at FYE2015 and 5.2x for the May 31, 2016
LTM period. Fitch expects these credit metrics will improve further
at FYE2016 and FY2017.

LAND STRATEGY

As of Aug. 31, 2016, the company controlled roughly 159,000 lots,
of which 81% were owned and the remaining lots controlled through
options and joint ventures (JVs). Based on LTM closings, Lennar
controlled 6.1 years of land and owned roughly 5.0 years of land.
While the company continues to evaluate land acquisition
opportunities, it is reducing its land supply as part of its
soft-pivot strategy. At this point of the cycle, management is
looking to tie up land with a two-three-year average life. Total
lots controlled fell 6.4% YOY, with lots owned declining 2% YOY.

Land and development spending totalled $2.5 billion in FY2015 and a
similar amount was spent during FY2014 and FY2013. During FY2016,
Fitch expects the company will spend a slightly higher amount for
land and development activities. (It should be noted that land and
development spending as a percentage of homebuilding revenues will
be lower during FY2016.) Despite the higher real estate
expenditures, Fitch expects Lennar will be solidly cash flow
positive during FY2016.

Fitch is comfortable with this real estate strategy given the
company's strong liquidity position and management's demonstrated
ability to manage its spending. Fitch expects management will pull
back on spending if the current recovery in housing stalls or
dissipates.

LIQUIDITY AND CASH FLOW

As of Aug. 31, 2016, Lennar had unrestricted cash of $567.7 million
and about $125 million of borrowings under its $1.482 billion
revolving credit facility (which has an accordion feature of up to
$1.8 billion) that matures in June 2020 ($160 million of the
commitment matures in June 2018). The company has meaningful debt
maturities in the next two years, including $400 million of 12.25%
notes due June 2017, $400 million of 4.75% notes due December 2017,
$250 million of 6.95% notes due June 2018, and $275 million of
4.125% notes due December 2018. Lennar regularly accesses the
capital markets and Fitch expects the company will refinance a
portion of these debt maturities.

The company generated positive cash flow from operations (CFFO) of
$400 million for the May 31, 2016 LTM period after reporting
negative CFFO of $420 million during FY2015 and negative $789
million during FY2014. Fitch expects the company will generate
positive CFFO of $300 million - $500 million during FY2016 and
perhaps a higher amount in FY2017.

AGGRESSIVE GROWTH STRATEGY

Lennar has grown substantially over its history, especially from
the beginning of the 1990s until 2005. Although internal growth has
been substantial, a meaningful portion of its growth has resulted
from acquisitions - both large and small. In some cases the
acquisitions were of homebuilders. In other instances large tracts
of land were purchased. The smaller acquisitions were typically
acquired with cash. The larger acquisitions were typically funded
by debt and stock.

The acquisition is often motivated by Lennar's desire to enter new
markets or enhance its position in existing markets. Management
firmly believes that dominant size in major metropolitan markets as
well as on a national basis offers key competitive advantage,
especially in a consolidating industry. The proposed acquisition of
WCI Communities appears to fit well with Lennar's growth plan, as
WCI provides the company with a solid brand name as well as land
holdings in attractive coastal Florida markets.

BROAD GEOGRAPHIC AND PRICE POINT DIVERSITY

Lennar was the second largest U.S. homebuilder in 2015 and has been
for the past three years. More importantly, according to Builder
Magazine, the company was the largest builder during 2015 in 7 of
the 20 largest metro markets in the country and had the top 10
position in 31 of the 50 largest markets. It is one of the most
geographically diverse builders, with operations in more than 40
markets across 17 states. Lennar has particular focus on markets in
Florida, Texas and California. Lennar is the second largest builder
in Houston with roughly 2,452 home deliveries (9.4% market share
according to Builder Magazine) during 2015 (about 9%-10% of
Lennar's deliveries). Fitch is concerned about the impact of
continued low oil prices on the economy of this metro area.

In 2015, approximately 25% of sales were to the first-time
homebuyer segment, half to first-time move-up customers and the
balance was a mix of second time move-up, luxury and active adult
(the acquisition of WCI further expands Lennar's position in this
buyer segment).

MODERATE HOUSING RECOVERY CONTINUES

After four years of a moderate recovery and with land and labor
constraints, it is unlikely that housing will accelerate into a
V-shaped recovery. But a continuation of a multi-year growth is in
the offing, and is supported by demographics, pent-up demand and
attractive affordability as well as steady, albeit modest, easing
in credit standards.

Though far from spectacular, the 2016 spring selling season was
solid, which augurs well for the full year. Fitch is projecting
single-family starts to expand 11.5% in 2016 and multifamily volume
to gain about 4%. Total starts would be roughly 1.2 million (up
8.8%). New home sales should improve about 14.6%, while existing
home sales rise 3%. Average and median home prices should rise
3.0%-3.5%, higher than earlier forecasts because of still tight
inventories.

The year 2017 could prove to be almost a mirror image of 2016. Real
economic growth should be similar to this year, although overall
inflation should be more pronounced. Interest rates will rise
further but demographics and employment growth should be at least
as positive in 2017. First-time buyers will continue to gradually
represent a higher portion of housing purchases as qualification
standards loosen further. Land and labor costs will inflate more
rapidly than materials costs. Housing starts should total 1.311
million. Single-family volume should expand 10% to 877,000, while
multi-family starts grow 5% to 434,000. New home sales should reach
640,000, up 11.5%. Existing home sales should gain 4% to 5.625
million. Average and median home prices should expand 2.0%?2.5% in
2017. Demand will continue to be affected by some narrowing of
affordability, diminished but persistent and widespread negative
equity, relatively challenging mortgage-qualification standards and
lot shortages. A tight labor supply will also constrain
production.

SOME EROSION IN AFFORDABILITY

The most recent Freddie Mac 30-year average mortgage rate (Sept.
29, 2016) was 3.42%, down 6 bps sequentially from the previous week
and 11 bps higher than the all-time record low of 3.31%. Of course,
current rates are still well below historical averages and help
moderate the effect of much higher home prices during the past few
years. Income growth has been (and may continue to be) relatively
modest. Nevertheless, there has been some lessening of
affordability as the upcycle in housing has matured. The Realtor
Association's composite affordability index peaked at 207.3 in the
first quarter of 2012, averaged 176.9 in 2013, 165.8 in 2014, 163.9
in 2015 and was 157.1 in July 2016.

Erosion in affordability is likely to continue as interest rates
likely head higher later in 2016 (as the economy strengthens). Home
price inflation should moderate a bit this year reflecting the mix
of sales shifting more to first-time homebuyer product. However,
average and median home prices should still rise within a range of
3.0%-3.5% this year, pressuring affordability.

DIVERSE REAL ESTATE RELATED ACTIVITIES

Lennar's primary business is traditional homebuilding. It also has
a financial services operation that provides mortgage financing,
title and other insurance and closing services. The company has
also diversified its real estate activities beyond traditional
residential single-family construction to include commercial real
estate investment management and financing (Rialto), multifamily
construction (Lennar Multifamily) and large scale master-planned
communities (FivePoint Communities). During the 2016 YTD period,
these segments generated roughly 12% of consolidated operating
earnings (before corporate general and administrative expenses).

The diversification into these other real estate related activities
during the housing downturn allowed the company to leverage the
skills of its management team and take advantage of opportunities
to supplement its homebuilding operations and grow the business.
Over time, and as these ancillary businesses mature, Lennar intends
to revert back to a pure-play homebuilder (with a financial
services operation to support its homebuilding operations) and
perhaps have these individual businesses operate independently.
(Lennar had a similar commercial real estate investment management
operation [LNR Property Corporation] in the 1980s that was spun off
in 1997.)

KEY ASSUMPTIONS

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

   -- Industry single-family housing starts improve 11.5%, while
      new and existing home sales grow 14.6% and 3.0%,
      respectively, in 2016;

   -- Lennar's homebuilding revenues increase 14%-16%, while
      homebuilding EBITDA margins decline 50 bps-100 bps during
      FY2016;

   -- The company's net debt/capitalization is below 40% while
      debt/EBITDA approximates 3.0x and interest coverage reaches
      5.8x by FYE2016;

   -- Lennar generates CFFO of $300 million to $500 million during

      FY2016 and perhaps a higher amount in FY2017;

   -- The company completes the WCI acquisition during FY2017 with

      50% cash and 50% stock consideration;

   -- Lennar maintains an adequate liquidity position (well above
      $1 billion) with a combination of unrestricted cash and
      revolver availability.

RATING SENSITIVITIES

Fitch would consider upgrading Lennar's IDR to investment grade if
it shows further steady improvement in credit metrics (such as net
debt/capitalization consistently approaching or below 40%), while
maintaining a healthy liquidity position (in excess of $1 billion
in a combination of cash and revolver availability) and continues
generating consistent positive cash flow from operations as it
moderates its land and development spending. Fitch would also take
into account the amount of the cash portion of the consideration to
be paid for the WCI acquisition.

The Rating Outlook could be revised to Stable if there is sustained
erosion of profits and cash flow, resulting in margin contraction
and weakened credit metrics, including net debt/capitalization
consistently between 45%-50%. The Outlook could also be revised to
Stable if the company undertakes a more aggressive land and
development strategy, debt-funded acquisition, or share buyback
program that results in higher debt levels and weaker credit
metrics, including net debt/capitalization sustained between
45%-50%.

Negative rating actions may be considered if there is sustained
erosion of profits due to either weak housing activity, meaningful
and continued loss of market share, and/or ongoing land, materials
and labor cost pressures (resulting in margin contraction and
weakened credit metrics, including net debt/capitalization
sustained above 50%) and Lennar maintains an overly aggressive land
and development spending program that leads to consistent negative
CFFO, higher debt levels and diminished liquidity position. In
particular, Fitch will be focused on assessing the company's
ability to repay debt maturities with available liquidity and
internally generated cash flow.

FULL LIST OF RATING ACTIONS

Fitch has affirmed the following ratings for Lennar Corporation:

   -- Long-Term IDR at 'BB+';

   -- Senior unsecured debt at 'BB+/RR4';

   -- Unsecured revolving credit facility at 'BB+/RR4'.

The Rating Outlook is Positive.


LEONEL DIAZ HERNANDEZ: Hearing on Plan Disclosures Set For Dec. 6
-----------------------------------------------------------------
The Hon. Enrique S. Lamoutte Inclan of the U.S. Bankruptcy Court
for the District of Puerto Rico has entered an order scheduling the
hearing on the approval of Leonel Diaz Hernandez and Rosemarie
Espinal Castillo's disclosure statement for Dec. 6, 2016, at 10:00
a.m.

As reported by the Troubled Company Reporter on Sept. 30, 2016, the
Debtors filed with the Court a first amended disclosure statement
describing the Debtors' plan of reorganization, under which each
holder of Class 4 General Unsecured Claims will receive a
distribution equal to 3% of its allowed claim pursuant to the terms
and conditions of the Plan, that is during the three years
following the effective date.

Objections to the Disclosure Statement must be filed not less than
14 days prior to the Disclosure Statement hearing.

Leonel Diaz Hernandez and Rosemarie Espinal Castillo filed for
Chapter 11 bankruptcy protection (Bankr. D.P.R. Case No. 15-06796)
on Sept. 2, 2015.


LEVEL 3 FINANCING: Fitch Hikes Issuer Default Rating to ‘BB’
----------------------------------------------------------------
Fitch Ratings has upgraded the Issuer Default Rating (IDR) assigned
to Level 3 Communications, Inc. (LVLT) and its wholly owned
subsidiary Level 3 Financing, Inc. (Level 3 Financing) to 'BB' from
'BB-'. In addition, Fitch has upgraded specific issue ratings
assigned to LVLT and affirmed issue ratings assigned to Level 3
Financing as outlined at the end of this release. LVLT had
approximately $11 billion of consolidated debt outstanding on June
30, 2016.

The upgrade of LVLT's IDR reflects the ongoing strengthening of the
company's operating and credit profile spurred by enterprise
revenue growth, margin expansion and meaningful free cash flow
(FCF) generation. Fitch anticipates that LVLT will benefit from the
positive secular demand drivers for its services and will
capitalize on the operating leverage inherent within its operating
model, its network capabilities and broad product and service
portfolio to capture incremental market share and drive margin and
revenue growth within its enterprise segment.

The ratings also recognize the event risks related to potential
acquisitions and shifting capital allocation priorities. Fitch
expects that merger and acquisition (M&A) activity will remain a
key component of LVLT's overall strategy. M&A is expected to focus
on building incremental network and product capabilities and
building scale within its Europe and Latin America markets.
Additionally, Fitch acknowledges that LVLT's current capital
allocation priority remains investing in the business and reducing
leverage to the lower end of its 3x to 4x net leverage target.
Fitch believes that once the company achieves its leverage target
(anticipated sometime during 2017) the company will shift its
capital allocation strategy to the benefit of its shareholders.
Fitch expects that any potential M&A activity or shift in capital
allocation strategy will be funded within the context of the
company current financial policy, in particular its 3x to 4x net
leverage target.

KEY RATING DRIVERS

Leverage on Target: LVLT remains committed to deleveraging to the
low end of its net leverage target of between 3.0x and 4.0x. The
enhanced scale and ability to generate meaningful FCF resulting
from the tw telecom, Inc. acquisition reinforce Fitch's expectation
for further strengthening of LVLT's credit profile. Leverage was
4.0x as of the latest 12 months (LTM) ended June 30, 2016. Fitch
forecasts leverage will strengthen further to approximately 3.8x by
year-end 2016.

Strengthening Credit Profile: LVLT's credit profile continues to
improve in line with Fitch's expectations as the company
capitalizes on its ongoing revenue mix transformation and growing
high-margin core network services revenues. It is also realizing
cost synergies associated with past acquisitions and ongoing
cost-management initiatives. Fitch anticipates LVLT's credit
profile will continue to strengthen over the rating horizon as the
company benefits from anticipated EBITDA growth, strong FCF
generation and modest debt reduction.

FCF Enhances Credit Profile: LVLT is poised to generate sustainable
levels of FCF (defined as cash flow from operations less capital
expenditures and dividends). Fitch believes the company's ability
to grow high-margin core network services (CNS) revenues coupled
with the strong operating leverage inherent in its operating
profile position the company to generate consistent levels of FCF.
Fitch anticipates LVLT FCF generation will produce FCF margins
exceeding 11.5% and 13.5% of revenues during years ended 2016 and
2017, respectively.

Revenue Mix Transformation Proceeding: LVLT's operating strategies
are aimed at shifting its revenue and customer focus to becoming a
predominantly enterprise-focused entity. The company's network
capabilities -- in particular its strong metropolitan network, and
broad product and service portfolio emphasizing IP-based
infrastructure and managed services -- provide the company with a
solid base to grow its enterprise segment revenues.

Positive Industry Dynamics: Fitch expects LVLT's operating profile
will benefit from positive secular demand drivers for its services,
as enterprises require network solutions that can address
heightened security considerations and operate in an increasingly
digitized and connected operating environment. LVLT is
well-positioned from a product standpoint, as enterprises
capitalize on the compelling economics of cloud computing and
migrate IT networks to a hybrid cloud network strategy.

Strong Operating Leverage: The products and services LVLT sells
combined with its strategy to sell services "on net" enable the
company to generate significant operating leverage. At scale, the
services sold within this business segment generate 60% incremental
EBITDA margins. Fitch believes the company must be successful in
growing the Core Network Services (CNS) revenue base to improve its
credit profile and generate FCF.

Overall, the ratings for LVLT reflect the company's improving
competitive position highlighted by its metropolitan network
facilities capabilities and product and service portfolio relative
to alternative carriers. The diversity of the company's customer
base and service offering coupled with an expectation for a
relatively stable pricing environment for a significant portion of
its service portfolio support the ratings. Fitch's ratings
incorporate LVLT's improving competitive position while
acknowledging its smaller market share and lack of scale relative
to larger and better capitalized market participants.

Outside of material change to its financial strategy, ratings
concerns center on LVLT's smaller market share and lack of scale
relative to larger and better capitalized market participants,
event-driven M&A activity and the resultant increase in integration
risks, and the sensitivity of the company's operating profile to
the effects of a weaker economic outlook or a more competitive
operating and pricing environment. Fitch expects that M&A activity
will remain a key component of LVLT's overall growth strategy. M&A
is expected to focus on building incremental network and product
capabilities and building scale in Europe and Latin America.

LVLT's enterprise segment continues to drive overall revenue growth
within CNS. The company is positioned to benefit from favorable
secular demand trends including explosive bandwidth demand growth
(video), the growth in number of devices connected to the Internet,
and the increasing globalization of enterprises. Revenues generated
from enterprise customers accounted for approximately 73% of CNS
revenues during the LTM period ended June 30, 2016. From a regional
perspective, North America CNS revenue represented 57% of total CNS
revenue during the LTM period.

Leverage and Financial Policy

LVLT remains committed to deleveraging to the low end of its target
of between 3x and 4x on a net debt basis. The focus of LVLT's
capital structure strategy is to strengthen the company's overall
credit profile and efficiently manage its maturity profile. The
pace of further deleveraging will largely depend on the company's
ability to leverage cost synergies and capitalize on incremental
EBITDA growth stemming from the positive operating momentum within
LVLT's CNS segment.

Total debt outstanding as of June 30, 2016 was approximately $11.0
billion, relatively unchanged when compared with debt outstanding
as of year-end 2015 and a reflecting a modest 3.1% decline relative
to the $11.4 billion of debt outstanding as of Dec. 31, 2014.
Leverage was 4.0x as of the LTM ended June 30, 2016. Fitch
forecasts leverage will strengthen further to approximately 3.8x by
year-end 2016 and approach 3.5x by year-end 2017.

KEY ASSUMPTIONS

Fitch's key assumptions within our rating case include:

   -- The base case assumes a continuation of a rational pricing
      environment and stable macro-economic conditions.

   -- LVLT is largely successful in capitalizing on operating
      leverage to expand growth in gross margin and EBITDA margin
      during the forecast period.

   -- CNS revenue growth ranging between 2% and 3% driven by
      continued strong growth within the company's North American
      Enterprise segment.

   -- LVLT's network access margin (gross margin) growing to over
      67% by year-end 2017.

   -- Capital expenditures will approximate 15% of consolidated
      revenues.

   -- FCF generation exceeding 11.5% and 13.5% during years ended
      2016 and 2017, respectively.

   -- Debt levels are expected to remain relatively consistent and

      Fitch anticipates that LVLT will repay the floating-rate
      notes due 2018 ($300 million outstanding June 30, 2016) with

      available cash on hand.

RATING SENSITIVITIES

What Could Lead to a Positive Rating Action:

Positive rating action would likely coincide with the expectation
that Level 3 will maintain leverage at 3.0x or lower while
consistently generating positive FCF with FCF/adjusted debt of 10%
or greater. Additionally, the company will need to demonstrate
positive operating momentum characterized by consistent CNS revenue
growth, gross margin expansion, no material delays in achieving
anticipated cost synergies, and lack of a material erosion of
revenue churn.

What Could Lead to a Negative Rating Action:

Negative rating actions are more likely to coincide with a
perceived weakening of LVLT's operating profile, as signaled by
deteriorating margins and revenue erosion brought on by difficult
economic conditions or competitive pressure. Additionally, negative
rating actions could result from discretionary management decisions
including, but not limited to, execution of merger and acquisition
activity that increases leverage beyond 4.5x in the absence of a
credible deleveraging plan.

LIQUIDITY

Fitch believes the company's ability to grow high margin CNS
revenues coupled with the strong operating leverage inherent in its
operation profile positions the company to generate material levels
of free cash flow on a consistent basis. Overall financial
flexibility is enhanced by positive FCF generation. The company
expects to generate FCF ranging between $1.0 billion and $1.1
billion during 2016, which is in line with Fitch's expectations.
LTLV reported $950 million of FCF during the LTM period ended June
30, 2016, marking a 161% increase relative to the $364 million of
FCF generation during the LTM period ended June 30, 2015.

FCF generation should accelerate as integration costs diminish and
cost synergies materialize. Fitch anticipates LVLT's FCF generation
will exceed 13% of consolidated revenues by year-end 2017. In
addition to positive operating momentum driving EBITDA growth,
additional factors such as interest expense savings derived from
capital market activities and ongoing operating cost optimization
efforts position the company to grow FCF during the ratings
horizon.

Fitch believes that LVLT's liquidity position is adequate given the
rating and that overall financial flexibility is enhanced with
positive FCF generation. The company's liquidity position was
primarily supported by cash carried on its balance sheet, which as
of June 30, 2016 totaled approximately $1.3 billion and expected
FCF generation. Importantly, there are no restrictions on the
company's ability to repatriate foreign cash (other than the
conversion and repatriation restrictions existing in Venezuela and
Argentina) to fund domestic operations including debt service. The
company does not maintain a revolver, which limits its financial
flexibility in Fitch's opinion.

LVLT's maturity profile is manageable within the context of FCF
generation expectations and access to capital markets. The company
does not have material scheduled maturities during the remainder of
2016, and the next scheduled maturity is not until 2018 when
approximately $300 million of debt is scheduled to mature.

FULL LIST OF RATING ACTIONS

Fitch upgrades the following with a Stable Outlook:

   LVLT:

   -- IDR to 'BB' from 'BB-';

   -- Senior unsecured notes to 'BB-/RR5' from 'B+/RR5'.

   Level 3 Financing, Inc.:

   -- IDR to 'BB' from 'BB-';

Fitch affirms the following ratings with a Stable Outlook:

   Level 3 Financing, Inc.:

   -- Senior secured term loan at 'BB+/RR1';

   -- Senior unsecured notes at 'BB/RR2'.

The Rating Outlook remains Stable.


LIGHT TOWER: Can Use Cash Collateral on Final Basis
---------------------------------------------------
Judge David R. Jones of the U.S. Bankruptcy Court for the Southern
District of Texas authorized Light Tower Rentals, Inc. and its
affiliated Debtors to use cash collateral on a final basis.

The Debtors are indebted to The Bank of New York Mellon Trust
Company, N.A., as trustee and collateral agent, for approximately
$330 million in principal and approximately $15.8 million in unpaid
interest, as of the Petition Date.  The indebtedness resulted from
the issuance of 8.125% senior secured notes due 2019.  The Secured
Notes Obligations are secured by first priority security interests
and liens on substantially all of the Debtors' property.

The Secured Notholders holding over 80% of the principal value of
the Notes and the Secured Notes Agent, expressed their consent to
the Debtors' use of the prepetition collateral, including the cash
collateral.

The Debtors were allowed to use cash collateral to fund:

   (1) working capital, general corporate purposes, and
administrative costs and expenses of the Debtors incurred in the
chapter 11 cases, subject to the terms of the Court's Final Order
and in accordance with the approved 13-week Budget; and

   (2) Adequate protection payments to the Secured Notes Parties.

The approved 13-Week Budget covers the period beginning Sept. 19,
2016 and ending Dec. 16, 2016.  The Budget provides for total
operating disbursements in the amount of $1,838,814 for the week
beginning Oct. 3, 2016 and ending Oct. 7, 2016; $574,324 for the
week beginning Oct. 10, 2016 and ending Oct. 14, 2016; $1,620,010
for the week beginning Oct. 17, 2016 and ending October 21, 2016;
and $6592,992 for the week beginning Oct. 24, 2016 and ending Oct.
28, 2016.

The Secured Notes Parties were allowed a superpriority
administrative claim against each of the Debtors on a joint and
several basis, with priority over any and all other administrative
claims against the Debtors and over all administrative expense
claims and unsecured claims against the Debtors and their estates,
which administrative claim will have recourse to and be payable
from all prepetition and postpetition property of the Debtors,
subject to the Carve-Out.

The Secured Notes Agent, for its own benefit and the benefit of the
Secured Notes Parties, was granted:

   (1) A valid, binding, continuing, enforceable, fully-perfected,
non-voidable first priority lien and/or replacement lien on, and
security interest in, all of the Debtors’ now owned and
after-acquired real and personal property, assets and rights of any
kind or nature, wherever located;

   (2) A valid, binding, continuing, enforceable, fully-perfected,
non-avoidable junior lien on and security interest in all of the
Debtors’ now owned and hereafter-acquired real and personal
property, assets and rights of any kind or nature, wherever
located; and

   (3) A valid, binding, continuing, enforceable, fully-perfected
first priority senior priming security interest in and lien on the
Prepetition Collateral and all of the Debtors’ now owned and
after-acquired real and personal property, assets and rights of any
kind or nature, wherever located.

The Debtors were directed to pay:

   (1) all outstanding prepetition and all postpetition reasonable
and documented fees, costs, and expenses incurred or accrued by the
Ad Hoc Committee, including, without limitation, such fees, costs,
and expenses of Kirkland & Ellis LLP and other financial advisors
and/or diligence consultants, if any, retained by or on behalf of
the Ad Hoc Committee; and

   (2)  all outstanding prepetition and all postpetition reasonable
and documented fees, costs, and expenses incurred or accrued by the
Secured Notes Agent.

The Carve-Out consists of:

   (1) all fees required to be paid to the Clerk of the Court and
to the Office of the U.S. Trustee, plus interest at the statutory
rate;

   (2) all reasonable fees and expenses up to $50,000 incurred by a
trustee under Section 726(b) of the Bankruptcy Code;

   (3) to the extent allowed at any time, whether by interim order,
procedural order, or otherwise, all unpaid fees and expenses
incurred by persons or firms retained by the Debtors pursuant to
section 327, 328, or 363 of the Bankruptcy Code and any Committee
appointed in the chapter 11 cases pursuant to section 1103 of the
Bankruptcy Code, at any time before or on the first business day
following delivery by the Secured Notes Agent of a Carve-Out
Trigger Notice, whether allowed by the Court prior to or after
delivery of a Carve-Out Trigger Notice; and

   (4) Professional Fees, in an aggregate amount not to exceed
$1,000,000, incurred after the first business day following
delivery by the Agent of the Carve-Out Trigger Notice.

A full-text copy of the Final Order, dated Sept. 30, 2016, is
available at
http://bankrupt.com/misc/LightTowerRentals2016_1634284_156.pdf

                About Light Tower Rentals

Light Tower Rentals, Inc. (Bankr. S.D. Tex. Case No. 16-34284), LTR
Investco, Inc. (Bankr. S.D. Tex. Case No. 16-34285), LTR Holdco,
Inc. (Bankr. S.D. Tex. Case No. 16-34286) and LTR Shelters, Inc.
(Bankr. S.D. Tex. Case No. 16-34287) sought bankruptcy protection
under Chapter 11 of the Bankruptcy Code on Aug. 30, 2016.  The
petitions were signed by Kieth Muncy, chief financial officer.  The
cases are assigned to Judge David R. Jones.

The Debtors and their non-debtor affiliates are a diversified
specialty equipment rental and services company focused on the oil
and gas sector.  The Debtors offer a diverse portfolio of surface
rental equipment that can provide customers with a specific
product, or when combined with other products, a comprehensive
well-site rental solution.  The Debtors' equipment rental fleet
includes power generation units, fluid handling equipment, light
towers, heaters, trailers and other equipment.  The Debtors'
current service operations include equipment delivery and set-up,
fuel and trucking.

The Debtors are represented by Patricia B. Tomasco, Esq. at Jackson
Walker LLP, and Philip M. Abelson, Esq., at Proskauer Rose LLP.
The Debtors' financial advisor is Zolfo Cooper, LLC; and its notice
& claims agent is Prime Clerk LLC.

At the time of filing, the Debtors estimated assets and liabilities
at $100 million to $500 million.


LIQUIDNET HOLDINGS: S&P Affirms B Credit Ratings; Outlook Positive
------------------------------------------------------------------
S&P Global Ratings said it revised its outlook on Liquidnet
Holdings Inc. to positive from stable.  At the same time, S&P
affirmed its 'B' credit ratings on Liquidnet, including its 'B'
issue credit rating on the company's term loan.

"The outlook revision on Liquidnet reflects our view of recent
improvements in the company's financial risk profile,"said S&P
Global Ratings credit analyst Olga Roman.

Liquidnet, a leading alternative trading system (ATS) provider that
facilitates large equity and fixed income trades primarily for
buy-side institutional investors, has performed better than S&P
expected.  The company's revenues increased 21% for the six months
ended June 30, 2016 (compared with the same period last year).  The
increase was primarily driven by an increase in its US revenues,
growth in international commission revenues (largely driven by the
successful launch of the expanded algorithmic trading service
offerings in the second half of 2015) and a surge in trading
activity in late June 2016 as a result of the Brexit referendum.

As of June 30, 2016, Liquidnet's total adjusted debt was
$200.5 million.  Liquidnet's FFO/debt and debt-to-adjusted EBITDA
were 29.2% and 2.4x, respectively, for LTM ended June 30, 2016, a
significant improvement compared with 17.4% and 3.5x as of
Dec. 31, 2014.  While the company's debt-to-EBITDA supports an
"intermediate" financial risk profile assessment, FFO-to-debt ratio
is more in line with a "significant" assessment.  When these two
ratios diverge, S&P typically gives priority to the FFO-to-debt
ratio.

If Liquidnet continues to operate with debt-to-adjusted EBITDA
ratio of less than 3x and improves its FFO-to-debt ratio to more
than 30%, S&P could revise its financial risk profile assessment to
"intermediate" and upgrade the company.

The positive outlook reflects S&P's view that it could upgrade the
company in the next 12 months if Liquidnet continues to operate
with debt-to-adjusted EBITDA less than 3x and improves its
FFO-to-debt ratio to more than 30% on a sustained basis, while
maintaining or improving its market position.

S&P could revise our outlook to stable or lower the rating if
earnings decline and cause the company's leverage metrics to weaken
materially or if Liquidnet pursues an aggressive financial policy,
causing its debt-to-EBITDA to increase above 4x and/or FFO-to-debt
to decline below 20%.  Additionally, S&P could lower the ratings if
the company encounters significant operational issues that could
weaken its market position.


MALIBU LIGHTING: Court Allows Consolidated Cash Collateral Use
--------------------------------------------------------------
Judge Kevin Gross of the U.S. Bankruptcy Court for the District of
Delaware authorized Malibu Lighting Corporation and its affiliated
debtors to use cash collateral on a consolidated basis.

The Debtors were authorized to use cash collateral to pay for their
actual and necessary postpetition obligations in accordance with
the approved Budget.

The approved Consolidated Budget provides for total operating
disbursements in the amount of $18,934,000, and total restructuring
disbursements in the amount of $9,889,000.

Judge Gross held that the Debtors' right to use cash collateral
will expire upon the appointment of a chapter 11 trustee or an
examiner with expanded powers, or the conversion of any of the
Debtors' cases to a chapter 7 case.

A full-text copy of the Order, dated Sept. 30, 2016, is available
at
http://bankrupt.com/misc/MalibuLighting2015_1512080kg_961.pdf

A full-text copy of the Consolidated Budget, dated Sept. 30, 2016,
is available at
http://bankrupt.com/misc/MalibuLighting2015_1512080kg_961_1.pdf

               About Malibu Lighting Corporation

Malibu Lighting Corporation, Outdoor Direct Corporation, National
Consumer Outdoors Corporation, Beam Corporation, Smoke 'N Pit
Corporation, Treasure Sensor Corporation and Stubbs Collections
Inc. filed Chapter 11 bankruptcy petitions (Bankr. D. Del. Lead
Case No. 15-12080) on Oct. 8, 2015.  The petition was signed by
David M. Baker as chief restructuring officer.  Judge Kevin Gross
is assigned to the case.

MLC was a manufacturer and supplier of outdoor and landscape
lighting products, such as solar and low voltage lights and home
security lights, including the parts and accessories associated
with these products.

ODC was a manufacturer and supplier of a variety of consumer goods,
including (a) outdoor cooking products, such as outdoor gas grills,
charcoal grills, smokers and fryers, (b) hand held lighting
products, like flashlights and spotlights, (c) landscape lighting
products, and (d) parts and accessories associated with the
foregoing products.

MLC and ODC are  winding down operations as a result of the
termination of a business relationship with principal customer,
Home Depot.

NCOC is a manufacturer and supplier of both branded and private
label pet bedding and pet accessory products.  NCOC manufactures
beds, accessories, and deodorizers for dogs as well as beds,
scratching posts, and toys for cats.  In addition, NCOC markets and
sells boat covers manufactured primarily from Chinese suppliers.

Malibu estimated assets and liabilities of $10 million to $50
million.

The Debtors have engaged Pachulski Stang Ziehl & Jones LLP as
counsel, Piper Jaffray Co. as investment banker, and Kurtzman
Carson Consultants as claims and noticing agent.

On Oct. 20, 2015, an official committee of unsecured creditors was
appointed by the Office of the United States Trustee.  The
Committee has retained Lowenstein Sandler LLP as its counsel, Blank
Rome LLP as its Delaware co-counsel and BDO USA, LLP, as its
financial advisors.

No request has been made for the appointment of a trustee or an
examiner in the Chapter 11 cases.


MAMAMANCINI'S HOLDINGS: Recurring Losses Raises Going Concern Doubt
-------------------------------------------------------------------
MamaMancini's Holdings, Inc., filed its quarterly report on Form
10-Q, disclosing a net loss of $276,810 on $4.14 million of sales
for the three months period ended July 31, 2016, compared to a net
loss of $1 million on $2.74 million of sales for the same period in
2015.

For the six months ended July 31, 2016, the Company listed a net
loss of $502,917 on $8.06 million of sales, compared to a net loss
of $2.09 million on $6.09 million of sales for the same period in
the prior year.

The Company's balance sheet at July 31, 2016, showed $5.53 million
in total assets, $4.96 million in total liabilities, and a
stockholders' equity of $567,661.

The Company incurred a net loss available to common shareholders of
$614,238 and $2,105,821 during the six months ended July 31, 2016
and 2015, respectively.  Also, as of July 31, 2016, the Company had
$264,446 in cash, and working capital of $3,497,779.  These factors
raise substantial doubt about the ability of the Company to
continue as a going concern.  In their report for the fiscal year
ended January 31, 2016, the Company's auditors have expressed an
opinion that, as a result of the conditions noted, there is
substantial doubt regarding the ability to continue as a going
concern.

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

                 About MamaMancini’s Holdings, Inc.

MamaMancini’s Holdings, Inc., manufactures and distributes
prepared, frozen, and refrigerated food products primarily in the
United States.


MANUEL RODRIGUEZ: Disclosures Conditionally OK'd; Nov. 9 Hearing
----------------------------------------------------------------
The Hon. Michael G. Williamson of the U.S. Bankruptcy Court for the
Middle District of Florida has conditionally approved Manuel F.
Rodriguez, Jr.'s disclosure statement describing the Debtor's plan
of reorganization.

The Court will conduct on Nov. 9, 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 must be filed with the Court
no later than seven days prior to the date of the hearing on
confirmation.

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.

Objections to confirmation must be filed with the Court no later
than seven 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 must file
motions or applications for the allowance of the claims with the
Court no later than 15 days after the Sept. 23, 2016 entry of this
court order.  

Three days prior to the Confirmation Hearing, the plan proponent
will file a confirmation affidavit which will contain the factual
basis upon which the plan proponent relies in establishing that
each of the requirements of section 1129 of the Bankruptcy Code are
met.

Manuel F. Rodriguez, Jr., filed for Chapter 11 bankruptcy
protection (Bankr. M.D. Fla. Case No. 16-01444) on Feb. 24, 2016.


MANUFACTURERS ASSOCIATES: Cash Collateral Use Until Oct. 31 Okayed
------------------------------------------------------------------
Judge Ann M. Nevins of the U.S. Bankruptcy Court for the District
of Connecticut authorized Manufacturers Associates, Inc. to the use
cash collateral of secured creditor Nuvo Bank and Trust Company,
from Oct. 1, 2016 through Oct. 31, 2016, in an amount not to exceed
$118,000.

Nuvo Bank claims a duly perfected non-avoidable security interest
in the Debtor's personal and fixture property and all goods and
equipment.

Judge Nevis acknowledged that the use of cash generated from the
Debtor's manufacturing business is essential to the Debtor's
business and operations.  She further acknowledged that without
court authority to use the cash collateral, the Debtor will suffer
harm and be forced to terminate operations and abort any chance for
successful reorganization.

Nuvo Bank was granted replacement liens in all after-acquired
property of the Debtor, of equal extent and priority to that which
Nuvo Bank enjoyed with regard to the estate’s property at the
time the Debtor filed its Chapter 11 petition.

The Debtor was directed to pay Nuvo Bank the amount of $3,750, as
adequate protection payment for the month of October 2016.

The approved Budget provided for total cost of goods sold in the
amount of $37,500, and total operating expenses in the amount of
$24,250 for the month of October 2016.

A full-text copy of the Order, dated Sept. 30, 2016, is available
at
http://bankrupt.com/misc/ManufacturersAssociates2015_1531832_233.pdf

               About Manufacturers Associates

Manufacturers Associates, Inc., based in West Haven, Conn., filed a
Chapter 11 petition (Bankr. D. Conn. Case No. 15-31832) on Nov. 2,
2015.  The petition was signed by Anthony Parillo, Jr., president.
The Debtor is represented by Peter L. Ressler, Esq., at Groob
Ressler & Mulqueen, P.C.  The case is assigned to Judge Julie A.
Manning.  At the time of the filing, the Debtor estimated assets at
$0 to $50,000 and liabilities at $1 million to $10 million.  The
United States Trustee appointed Roberta Napolitano, Esq., as the
Chapter 11 Trustee of the Debtor's estate.


MASO SUITES: Ricardo and Raquel Reynoso Want to Prohibit Cash Use
-----------------------------------------------------------------
Ricardo Reynoso and Raquel Reynoso ask the U.S. Bankruptcy Court
for the Southern District of Texas to prohibit Maso Suites, LLC,
from using its cash collateral.  

Ricardo and Raquel Reynoso contend that the Debtor is indebted to
them in the principal amount of $55,000, pursuant to a Real Estate
Lien Note.  They further contend that under a Deed of Trust, the
Debtor pledged all of Lot 50, Block I, S.P. Industrial Subdivision,
an Addition to the City of McAllen, Hidalgo County, Texas, and the
improvements thereon, owned by the Debtor.  They add that the Deed
of Trust contains a clause whereby the Debtor assigned to Ricardo
and Raquel Reynoso all present and future rent and other income and
receipts generated from the Property.

Ricardo and Raquel Reynoso believe there is cash collateral being
generated by the Property in the form of rents, payments or other
cash consideration.  They claim a lien on the cash collateral under
their deed of trust.

Ricardo and Raquel Reynoso tell the Court that no adequate
protection has been offered to them for the use of the cash
collateral by Debtor.  They further tell the Court that the Debtor
has not filed a motion to obtain the Court's permission to allow it
to use cash collateral in the case, and that they oppose Debtor's
use of its cash collateral.

Ricardo and Raquel Reynoso ask the Court to direct the Debtor to
account for all cash collateral generated from the Property since
the case was filed and furnish them with a copy of the Debtor's
budget.

A full-text copy of Ricardo Reynoso and Raquel Reynoso's Motion,
dated Sept. 30, 2016, is available at
http://bankrupt.com/misc/MasoSuites2016_1670281_18.pdf
              
                   About Maso Suites

Maso Suites, LLC, filed a Chapter 11 petition (Bankr. S.D. Tex.
Case No. 16-70281) on July 1, 2016.  The petition was signed by
Antonio Gonzalez, president.  The Debtor is represented by Jose
Luis Flores, Esq., at the Law Office of Jose Luis Flores.  The
Debtor estimated assets and liabilities at $50,001 to $100,000 at
the time of the filing.


MEXICAN PETROLEUM: Recurris Losses Raises Going Concern Doubt
-------------------------------------------------------------
Mexican Petroleum filed its report on form 6-K, disclosing a net
loss of MXN145.47 billion on MXN480.70 billion of total sales for
the six-month period ended June 30, 2016, compared to a net loss of
MXN185.18 billion on MXN588.36 billion of total sales for the same
period in the prior year.

As of June 30, 2016, the Company had MXN2.05 trillion in total
assets, MXN3.50 trillion in total liabilities and a total
stockholders' deficit of MXN1.44 trillion.

For the six-month period ended June 30, 2016, the Company
recognized a net loss of MXN145.5 billion.  In addition, the
Company had negative equity of MXN1,442.2 billion, which resulted
in a negative working capital of MXN89.7 billion.

The Company has experienced recurring losses from its operations
and have negative working capital and negative equity, which raises
substantial doubt regarding its ability to continue as a going
concern.  

A copy of the Form 6-K is available at:
                              
                       https://is.gd/eYnRqK

                      About Mexican Petroleum

Based in Colonia Veronica Anzures, Mexico, Mexican Petroleum, also
known as Petroleos Mexicanos, engages in the exploration,
exploitation, refining, transportation, storage, distribution, and
sale of crude oil, natural gas, and derivatives of petroleum and
natural gas in Mexico.  It explores and produces crude oil and
natural gas in the northeastern and southeastern regions of Mexico
and offshore in the Gulf of Mexico; converts crude oil into
gasoline, jet fuel, diesel, fuel oil, asphalts, and lubricants, as
well as distributes and markets these products in Mexico; and
processes wet natural gas to obtain dry natural gas, liquefied
petroleum gas, and other natural gas liquids.



MICHAEL ROBINSON: Disclosures Conditionally OK'd; Oct. 18 Hearing
-----------------------------------------------------------------
Robert Summerhays of the U.S. Bankruptcy Court for the Western
District of Louisiana has conditionally approved Michael Wayne
Robinson's disclosure statement dated Sept. 22, 2016, with respect
to the Debtor's Chapter 11 plan dated Sept. 22, 2016.

Oct. 18, 2016 at 10:00 a.m. is fixed for the hearing on final
approval of the Disclosure Statement and for the hearing on
confirmation of the Plan.

Oct. 11, 2016, is fixed as the last day for filing and serving
written objections to the Disclosure Statement and confirmation of
the Plan.  Oct. 11 is also fixed as the last day for filing written
acceptances or rejections of the Plan.

Michael Wayne Robinson filed for Chapter 11 bankruptcy protection
(Bankr. W.D. La. Case No. 16-50499) on April 12, 2016.  H. Kent
Aguillard, Esq., serves as the Debtor's bankruptcy counsel.


MLFTL INC: Nov. 15 Plan Confirmation Hearing
--------------------------------------------
Judge John K. Olson of the U.S. Bankruptcy Court for the Southern
District of Florida conducted a hearing on September 20, 2016, to
consider approval of the disclosure statement explaining the plan
filed by Ronald B. Lewis, Esq., for MLFTL, Inc., and found that the
disclosure statement contains "adequate information" regarding the
plan in accordance with Section 1125(a) of the Bankruptcy Code.

Accordingly, Judge Olson approved the disclosure statement, and set
the hearing to consider confirmation of the plan for November 15,
2016, at 10:30 a.m.

The Court also set the following deadlines:

   Oct. 6  - Deadline for Filing Objections to Claims
   Oct. 25 - Deadline For Fee Applications
   Nov. 1  - Deadline For Objections to Confirmation
           - Deadline For Filing Plan Ballots
   Nov. 10 - Deadline For Filing Report and Confirmation Affidavit
           - Deadline For Debtor to File "Certificate For
             Confirmation Regarding Payment of Domestic Support
             Obligations and Filing of Required Tax Returns"

If the plan proponent 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.
The court will also consider dismissal or conversion at the
confirmation hearing at the request of any party or on the court's
own motion.

The Plan proposed for MLFTL, Inc., operating as Mattress Land,
intends to make payments from postpetition operating income and
cash available on the plan effective date.

The Debtor identified four creditors in its case.  Under the Plan,
Class 1 Tax Obligations will be paid over a 5-year period from
Filing Date; Class 2 Secured Claim from Oakland Square LLC is
contingent and disputed; Class 3 Unsecured Claims from Oakland
Sqaure and Bellsouth Telecom will be paid over a 1-year period.

A full-text copy of the Disclosure Statement dated Sept. 16, 2016,
is available at http://bankrupt.com/misc/flsb16-15475-70.pdf

                      About MLFTL Inc

MLFTL, Inc. sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. S.D. Fla. Case No. 16-15475) on April 15, 2016.  The
Debtor is represented by Ronald Lewis, Esq., at Lewis & Thomas,
LLP.


MOSAIC MANAGEMENT: Taps GlassRatner as Financial Advisors
---------------------------------------------------------
Mosaic Management Group, Inc., Mosaic Alternative Assets Ltd., and
Paladin Settlements, Inc., seek authorization from the U.S.
Bankruptcy Court for the Southern District of Florida to employ
GlassRatner Advisory & Capital Group, LLC, as financial advisors
and accountants, nunc pro tunc to September 1, 2016.

The Debtors require GlassRatner to:

     (a) analyze the Debtors' businesses, operations, financial
condition, and prospects;

     (b) review and analyze the Debtors' assets and their operating
and financial strategies;

     (c) review the Debtors' financial information, including, but
not limited to, analyses of cash receipts and disbursements,
financial statement items and proposed transactions for which
Bankruptcy Court approval is sought;

     (d) present the financial analyses and recommended strategies
to the Debtors;

     (e) assist the Debtors in the development of a long-term
business plan and related financial projections;

     (f) analyze the various restructuring scenarios and the
potential impact of those scenarios on the recoveries of parties in
interest;

     (g) provide strategic advice with regard to restructuring or
refinancing the Debtors' existing or potential debt obligations or
other claims;

     (h) evaluate the Debtors' debt capacity and analyze the
alternative capital structures;

     (i) advise and assist the Debtors in the course of their
negotiations of any restructuring transaction or capital
transaction;

     (j) engage in restructuring negotiations among the Debtors,
their creditors, and other interested parties;

     (k) value the insurance policies in connection with any
possible restructuring;

     (l) assist in arranging debtor-in-possession financing for the
Debtors;

     (m) assist in the preparation of projected cash flow models
and variance reporting;

     (n) be available at the Debtors' request to meet with the
Debtors' management, creditor groups, equity holders, or official
committees to discuss any restructuring transaction or capital
transaction;

     (o) participate in the hearings before the Bankruptcy Court;
and,

     (p) provide and render such other financial advisory services
as may be agreed upon by GlassRatner and the Debtors.

GlassRatner will be paid at these hourly rates:

         Margaret Smith             $450.00
         Alan Barbee                $450.00
         Carol Fox                  $400.00
         Managing Directors         $325.00-375.00
         Directors                  $275.00-325.00
         Associates                 $195.00-275.00
         Junior Associates          $135.00-150.00

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

Margaret J. Smith, the Principal of GlassRatner, assured the Court
that the firm is a "disinterested person" as the term is defined in
Section 101(14) of the Bankruptcy Code and does not represent any
interest adverse to the Debtors and their estates.

GlassRatner can be reached at:

         Margaret J. Smith
         GLASSRATNER ADVISORY & CAPITAL GROUP, LLC
         1400 Centrepark Boulevard, Suite 860
         West Palm Beach, FL 33401
         Email: msmith@glassratner.com

            About Mosaic Management Group

Mosaic Management Group, Inc. (S.D. Fla. Case No. 16-20833), Mosaic
Alternative Assets Ltd. (S.D. Fla. Case No. 16-20834), and Paladin
Settlements, Inc. (S.D. Fla. Case No. 16-20835), filed Chapter 11
petitions on August 4, 2016. The petitions were signed by Charles
Thomas Ryals, president and chief executive officer. Judge Erik P.
Kimball presides over the case. Leslie Gern Cloyd, Esq., at Berger
Singerman LLP, serves as bankruptcy counsel.

Mosaic Management Group, Inc. estimated assets at $0 to $50,000 and
liabilities at $50,000 to $100,000.

Mosaic Alternative Assets Ltd. estimated assets at $50 million to
$100 million and liabilities at $1 million to $10 million.


N.E. DESIGNS: Seeks to Hire Kathryn M. Davis as Special Counsel
---------------------------------------------------------------
N.E. Designs, Inc. seeks approval from the U.S. Bankruptcy Court
for the Central District of California to hire the Law Offices of
Kathryn M. Davis as its special counsel.

The firm will represent the Debtor in connection with its appeal
from a ruling issued by the Los Angeles Superior Court in favor of
Adam Goldberg.  Mr. Goldberg in 2012 sued the Debtor and several
others for breach of contract.

The firm will be paid an hourly rate of $350 for its services.

Kathryn M. Davis, Esq., disclosed in a court filing that her firm
does not hold or represent any interest adverse to the Debtor or
its estate.

                       About N.E. Designs

N.E. Designs, Inc. filed a Chapter 11 bankruptcy petition (Bankr.
C.D.Cal. Case No. 16-12097) on July 20, 2016.  According to the
petition, Charles Shamash, Esq., at Caceres & Shamash LLP, served
as bankruptcy counsel.  The Debtor later hired Sandford L. Frey,
Esq., and Stuart I. Koenig, Esq., at Creim Macias Koenig & Frey LLP
to serve as its reorganization attorneys.

The Debtor's assets and debts are under $1 million.

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


NEW GLOBAL ENERGY: Current Cash Position Casts Going Concern Doubt
------------------------------------------------------------------
New Global Energy, Inc., filed its quarterly report on Form 10-Q,
disclosing a net loss of $1.35 million on $26,715 of revenues for
the three months period ended June 30, 2016, compared to a net loss
of $169,524 on $9,391 of revenues for the same period in 2015.

The Company's balance sheet at June 30, 2016, showed $9.17 million
in total assets, $4.91 million in total liabilities, and a
stockholders' equity of $4.26 million.

For the six months ended June 30, 2016, the Company had a net loss
and net cash used in operations of $2,490,710 and $42,388,
respectively.  The Company has earned little revenue since
inception, and supports its continued operations through debt
financing, related party loans, the sale of equity and from the
collection of funds from the presale of fish.  As of June 30, 2016,
the Company had a working capital deficit of $3,787,300 and an
accumulated deficit of $39,427,256.  As of August 31, 2016, the
Company had cash of approximately $94,000 and through June 30, 2016
has collected $2,039,788 from the presale of fish which the Company
has an obligation to deliver to its customers.  These matters,
among others, raise substantial doubt about the Company's ability
to continue as a going concern.

While the Company is ramping up its operations and revenue
generating activities, the Company's cash position is not
sufficient enough to support the Company's operations for the next
twelve months.  Management intends to raise funds by way of a
public or private offering as well as fish presales based on
expected fish output in the next year.  Management believes that
the actions presently being taken to further implement its business
plan and generate revenues provide the opportunity for the Company
to continue as a going concern.  While the Company believes in the
viability of its strategy to generate revenues and in its ability
to raise additional funds, there can be no assurances to that
effect.  The ability of the Company to continue as a going concern
is dependent upon the Company's ability to further implement its
business plan and generate revenues.

A copy of the Form 10-Q is available at:
                              
                       https://is.gd/2fEw2L

                      About New Global Energy

New Global Energy, Inc., is focused on the development of its
Global Energy Plantation (GEP) Platform, which combines
alternative energy production, sustainable agriculture and
aquaculture.  The Company anticipates the use of non-centralized
power
plants, concentrated solar power, Jatropha-based biofuels and
aquaculture operations to produce power for its own use and to
feed
into the power grid serving local power needs while producing farm
grown fish and shrimp as food products.


NEWFIELD EXPLORATION: Moody's Raises CFR to Ba2; Outlook Stable
---------------------------------------------------------------
Moody's Investors Service upgraded Newfield Exploration Company's
Corporate Family Rating to Ba2 from Ba3, its Probability of Default
Rating (PDR) to Ba2-PD from Ba3-PD, and its senior unsecured notes
ratings to Ba2 from Ba3.  The Speculative Grade Liquidity (SGL)
Rating was affirmed at SGL-2.  The outlook was changed to stable
from negative.

"The upgrade of Newfield's ratings is driven by stabilizing credit
metrics as the company benefits from an improving cost structure
along with a flexible capital spending program" said Amol Joshi,
Moody's Vice President.  "The stable outlook incorporates our
expectations that the company will avoid a sizeable increase in
debt balances to fund any acreage acquisitions, or a sizeable
decrease in scale due to asset sales, while its credit metrics
continue to gradually improve."

Upgrades:

Issuer: Newfield Exploration Company
  Probability of Default Rating, Upgraded to Ba2-PD from Ba3-PD
  Corporate Family Rating, Upgraded to Ba2 from Ba3
  Senior Unsecured Regular Bond/Debentures, Upgraded to Ba2 (LGD4)

   from Ba3 (LGD3)

Affirmations:
  Speculative Grade Liquidity Rating, affirmed at SGL-2

Outlook Actions:

Issuer: Newfield Exploration Company
  Outlook, Changed To Stable From Negative

                         RATINGS RATIONALE

The upgrade of Newfield's CFR to Ba2 from Ba3 reflects credit
metrics and capital efficiency that have stabilized after weakening
due to low commodity prices.  Credit metrics are likely to improve
gradually as cash margins and cash flow generation strengthen due
to benefits from an improving cost structure and a flexible capital
spending program, as well as rising commodity prices.  The rating
reflects increasing geographic concentration risk and Moody's
expectations for tempered growth through 2017, including the risk
of further asset sales reducing Newfield's scale somewhat.

Newfield's senior notes ($2.45 billion in total as of 30 June 2016)
were upgraded to Ba2 from Ba3, and are at the same level as the
CFR.  The Ba2 notes rating reflects the senior notes and the
revolving credit facility (unrated) being unsecured and Moody's
expectations for an average recovery of 50% in default, per the
Moody's Loss Given Default Methodology.  Additionally, the senior
notes and bank revolver have no guarantees from Newfield's
operating subsidiaries.  Accordingly, both classes of debt are
structurally subordinated to subsidiary liabilities, although no
long-term debt resides at those subsidiaries and the bank revolver
includes restrictions on debt incurrence at the subsidiary level.

The SGL-2 rating is based on Moody's expectation that Newfield will
have good liquidity through 2017.  Moody's expects capital spending
to remain at low levels and mostly be supported by operating cash
flow being generated by the company through 2017. As of June 30,
2016, the company had $165 million in cash and full availability
under the $1.8 billion unsecured revolving credit facility.  The
cash balances were further boosted by proceeds of approximately
$380 million from an asset sale completed in September 2016.  The
$1.8 billion credit facility commitments expire in June 2020 and
the facility has two financial covenants: a maximum debt to capital
ratio of 60% and a minimum interest coverage ratio of 2.5x.
Moody's expects the company to remain compliant with its covenants
through 2017.  Secondary liquidity is available since the company's
reserves are not pledged as collateral.

The stable outlook reflects Moody's expectation that Newfield's
credit metrics will gradually improve after bottoming by end-2016
and that the company will avoid a sizable increase in debt balances
to fund any acreage acquisitions or a sizeable decrease in scale
due to asset sales.

To consider an upgrade, Newfield would need to have a growing
production profile exceeding 175,000 boe per day with its ratio of
retained cash flow to debt approaching 35%, and its leveraged full
cycle ratio exceeding 1.25x even at low commodity prices.
Newfield's ratings could be downgraded if production declines and
approaches 100,000 boe per day or if RCF/debt is sustained below
20%.

The principal methodology used in these ratings was Global
Independent Exploration and Production Industry published in
December 2011.

Newfield is an independent exploration and production company that
is primarily focused in the Mid-Continent (Anadarko and Arkoma
Basins) and Rocky Mountain (Uinta and Williston Basins) regions of
the United States.


NOBLE ENVIRONMENTAL: Case Summary & 15 Unsecured Creditors
----------------------------------------------------------
Debtor: Noble Environmental Power, LLC
        6 Main Street, Suite 121
        Centerbrook, CT 06409

Case No.: 16-12055

Type of Business: Owner and operator of wind generation assets

Chapter 11 Petition Date: September 15, 2016

Court: United States Bankruptcy Court
       District of Delaware (Delaware)

Judge: Hon. Brendan Linehan Shannon

Debtor's Co-Counsel: Neil E. Herman, Esq.
                     MORGAN, LEWIS & BOCKIUS LLP
                     101 Park Avenue
                     New York, New York 10178
                     Tel: (212) 309-6000
                     Fax: (212) 309-6001
                     E-mail: neil.herman@morganlewis.com

                       - and -

                     Rachel Jaffe Mauceri, Esq.
                     MORGAN, LEWIS & BOCKIUS LLP
                     1701 Market Street
                     Philadelphia, PA 19103
                     Tel: (215) 963-5000
                     Fax: (215) 963-5001
                     E-mail: rachel.mauceri@morganlewis.com

Debtor's Co-Counsel: Justin P. Duda, Esq.
                     Robert S. Brady, Esq.
                     Edmon L. Morton, Esq.
                     Kenneth J. Enos, Esq.
                     YOUNG CONAWAY STARGATT & TAYLOR, LLP
                     Rodney Square
                     1000 North King Street
                     Wilmington, Delaware 19801
                     Tel: (302) 571-6600
                     Fax: (302) 571-1253
                     E-mail: rbrady@ycst.com
                             jduda@ycst.com
                             emorton@ycst.com
                             kenos@ycst.com

Debtor's             
Notice &
Claims
Agent:               AMERICAN LEGAL CLAIMS SERVICES, LLC

Estimated Assets: $100 million to $500 million

Estimated Debts: $100 million to $500 million

The petition was signed by Kay McCall, president and chief
executive officer.

Debtor's List of 15 Unsecured Creditors:

   Entity                          Nature of Claim   Claim Amount
   ------                          ---------------   ------------
Boies, Schiller & Flexner, LLP      Legal Services        $52,139
Email: dsen@bsfllp.com

Orrick Herrington & Sutcliffe       Legal Services        $35,693
Email: awenner@orrick.vom

Deloitte Tax LLP                      Tax Services        $33,020
Email: Textine@deloitte.com

Essex Tax Collector                 Personal Property      $2,481
                                          Taxes

CVM, Inc                               IT Services           $242
Email: info@cvm.com

AT&T                                    Telecomm          Unknown
Email: info@att.com

Bemers                                 Natural Gas        Unknown
Email: inquiry@bemers.com

Comcast                                 Telecomm          Unknown
Email: info@comcast.com

Eversource                              Electric          Unknown
Email: businesscenterelectric@eversource.com

Frontier Communications                 Telecomm          Unknown

Intermedia                              Telecomm          Unknown
Email: announce@intermedia.net

MCI                                     Telecomm          Unknown

Prime Link                              Telecomm          Unknown
Email: service@primlink1.com

Verizon                                Telecomm           Unknown

Verizon Business                       Telecomm           Unknown


NOBLE ENVIRONMENTAL: Seeks to Hire American Legal as Claims Agent
-----------------------------------------------------------------
Noble Environmental Power LLC seeks approval from the U.S.
Bankruptcy Court for the District of Delaware to hire American
Legal Claim Services, LLC as its claims and noticing agent.

The services to be provided by the firm include overseeing the
distribution of notices, and the processing and docketing of proofs
of claim filed in the Debtor's Chapter 11 case.

The firm's professionals and their hourly rates are:

     Senior Consultant     $155 - $185
     Consultant            $100 - $150
     Analyst                $55 - $100
     Clerical                $28 - $38

Jeffrey Pirrung, managing director of ALCS, 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:

     Jeffrey L. Pirrung
     American Legal Claim Services, LLC
     5985 Richard Street, Suite 3
     Jacksonville, FL 32216
     Tel: (904) 517-1442

                    About Noble Environmental

Noble Environmental Power LLC, a wind-energy company, sought
protection under Chapter 11 of the Bankruptcy Code (Bankr. D. Del.
Case No. 16-12055) on September 15, 2016.  The Hon. Brendan Linehan
Shannon presides over the case.  Neil E. Herman, Esq., and Rachel
Jaffe Mauceri, Esq., at Morgan, Lewis & Bockius LLP; and Justin P.
Duda, Esq., Robert S. Brady, Esq., Edmon L. Morton, Esq., and
Kenneth J. Enos, Esq., at Young Conaway Stargatt & Taylor, LLP,
serve as counsel to the Debtor.  American Legal Claims Services,
LLC, serves as the Debtor's claims and noticing agent.  In its
petition, the Debtor estimated $100 million to $500 million in both
assets and liabilities.  The petition was signed by Kay McCall,
president and chief executive officer.


NOBLE ENVIRONMENTAL: Unsecureds to Recoup 100% Under Plan
---------------------------------------------------------
Noble Environmental Power, LLC, filed with the U.S. Bankruptcy
Court for the District of Delaware a proposed plan of
reorganization and disclosure statement.

Holders of allowed general unsecured claims, including allowed
claims of trade vendors and service providers, will be paid in
full, in cash, in an amount equal to the full principal amount of
the claim, provided that the payment will not include any interest,
late fees or expenses (including without limitation attorney's fees
and expenses), within 30 days following the Effective Date.  The
class is impaired and holders of these claims are expected to
recover 100%.  The Disclosure Statement is available at
http://bankrupt.com/misc/deb16-12055-48.pdf

                 Paragon to Get 100% of Equity

Noble Environmental Power sought protection under Chapter 11 of the
Bankruptcy Code with the hope of recapitalizing its equity
ownership, reducing its secured debt, lowering its debt service,
and extending the maturity of its secured debt.  The Chapter 11
petition was filed after the Debtor reached an agreement with its
prepetition lender and majority owner.

Noble Environmental entered into a plan support agreement with
Paragon Noble, LLC, on July 15, 2016.  The parties have agreed on a
fully consensual restructuring transaction to be implemented
swiftly through a chapter 11 plan of reorganization.  Under the
Plan, Paragon will own 100% of the equity in the reorganized
Debtor.

Since Paragon is already a majority owner of the Debtor and holds a
majority of the seats on the Debtor's board of managers, there will
not be a change in control of the Company but rather an increase of
ownership from 54% to 100% in exchange for debt forgiveness of
approximately $21.5 million, according to court papers.

Under the Plan, the principal amount of the Debtor's secured debt
will be reduced by 10% and converted to equity, the maturity date
of that debt will extended by five years and the interest rate on
that debt will be changed to the applicable federal rate.  Allowed
general unsecured claims will be paid in full in cash.

As of the Petition Date, the substantial majority of NEP's
liabilities consisted of guarantee obligations relating to the
funded debt of its wholly-owned, direct subsidiary, NEP Equipment
Finance Hold Co., LLC.  NEP Finance historically was used to
finance the acquisition of wind turbines for its projects, after
which those projects -- and their financing obligations --
generally were transferred to one of the Debtor's operating
subsidiaries.

Pursuant to a Second Amended and Restated Second Lien Secured
Promissory Note and Waiver, dated as of Dec. 21, 2010, as amended,
NEP Finance incurred certain obligations to the Lender, in an
amount not less than $226,749,968.  As of the Petition Date,
approximately $215,122,000 (including accrued and unpaid interest)
remains outstanding under the Note, together with interest and
costs, as disclosed in court documents.  NEP pledged to the Lender
its membership interests, and the proceeds thereof, in non-debtors
Noble Flat Hill Windpark I, LLC, Noble Independence Ridge Windpark,
LLC, and Noble San Patricio Windpark, LLC.

"The financial burdens of NEP Finance and NEP under the Note and
the Guarantee have become untenable in light of Noble's financial
position," said Kay McCall, president and chief executive officer
of Noble Environmental.  "Simply put, NEP's assets are worth less
than its debts, and NEP will be unable to pay its guarantee
obligations to the Lender when they mature on July 31, 2017," she
continued.

According to the Debtor, it currently holds unencumbered cash
totaling approximately $5.9 million, which will enable it to
continue to operate in the ordinary course during the Chapter 11
case without the need for debtor-in-possession financing or consent
from a secured lender holding a lien on its cash and cash
equivalents.

The Debtor has filed a motion seeking approval of and authority to
assume the Plan Support Agreement.  The Plan Support Parties intend
for the Debtor to emerge from bankruptcy before the end of 2016.

Noble Environmental's largest trade creditors and its other equity
owners CPP Investment Board (USRE II), Inc. (14%), and JPMP Wind
Energy (Noble), LLC (28%), have indicated support for the Plan, as
disclosed in court papers.

Concurrently with the filing of the its Chapter 11 petition, the
Debtor has filed a number of first day motions to enable it to
operate with minimal disruption and loss of productivity.  The
Debtor seeks permission to, among other things, prohibit utility
providers from discontinuing services, establish procedures for
transfers of equity securities and continue using existing cash
management system.

                    About Noble Environmental

Headquartered in Centerbrook, Connecticut, privately-held Noble
Environmental Power, LLC, operates and maintains renewable energy
windparks.  It filed for Chapter 11 bankruptcy protection (Barnk.
D. Del. Case No. 16-12055) on Sept. 15, 2016.  The case is pending
before Judge Brendan Linehan Shannon.

The Debtor's subsidiaries are not Chapter 11 debtors and continue
to operate in the ordinary course of business.

Morgan, Lewis & Bockius LLP and Young Conaway Stargatt & Taylor,
LLP serve as co-counsel to the Debtor.  American Legal Claims
Services, LLC, acts as the Debtor's notice and claims agent.

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

The Debtor's counsel can be reached at:

     Neil E. Herman, Esq.
     Rachel Jaffe Mauceri, Esq.
     101 Park Avenue
     New York, NY 10128
     Tel: (212) 309-6000
     Fax: (212) 309-6001
     E-mail: neil.herman@morganlewis.com
             rachel.mauceri@morganlewis.com

          -- and –-

     Robert S. Brady, Esq.
     Kenneth J. Enos, Esq.
     YOUNG CONAWAY STARGATT & TAYLOR, LLP
     Rodney Square 1000
     N. King Street
     Wilmington, Delaware 19801
     Tel: (302) 571-6600
     Fax: (302) 571-1253
     E-mail: rbrady@ycst.com
             kenos@ycst.com


NORANDA ALUMINUM: Swiss Co. Buys New Madrid Smelter for $13.7-Mil.
------------------------------------------------------------------
The American Bankruptcy Institute, citing Luc Cohen of Reuters,
reported that Swiss-based ARG International AG, the trading house
set up by Glencore Plc's former No. 2 aluminum trader Matt Lucke,
is buying a bankrupt smelter in the United States, its first
acquisition since its founding nearly three years ago.

According to the report, Noranda Aluminum Holding Corp said it sold
its 263,000 tonne-per-year New Madrid primary aluminum smelter in
Missouri to ARG for $13.7 million in a court-approved auction.

The Reuters report said that Lucke founded ARG six months after
leaving Glencore in the summer of 2013 alongside chief Gary Fegel,
in a shakeup of the world's biggest aluminum trading desk. Many of
Glencore's executives became paper millionaires after the firm's
stock market listing in 2011, the report said.

Reuters pointed out that Lucke's purchase represents a bet on one
of the few remaining U.S. smelters as producers struggle with low
metal prices, high electricity costs and stiff competition from
lower-cost producing regions like the Middle East and China.

The closure of many smelters means the United States, one of the
world's biggest consumers of the metal, has to import more, helping
to underpin premiums, which have remained fairly firm over the past
year, the report related.

                   About Noranda Aluminum

Noranda Aluminum, Inc., and 10 of its affiliates filed separate
Chapter 11 bankruptcy petitions (Bankr. E.D. Mo. Lead Case No.
16-10083) on Feb. 8, 2016.  The petitions were signed by Dale W.
Boyles, the chief financial officer.  Judge Barry S. Schermer is
assigned to the cases.

The Debtors have engaged Paul, Weiss, Rifkind, Wharton & Garrison
LLP as counsel, Carmody MacDonald P.C. as local counsel, PJT
Partners, LP as investment banker, Alvarez & Marsal North America,
LLC as restructuring advisors and Prime Clerk LLC as claims,
solicitation and balloting agent.

The Debtors estimated both assets and liabilities in the range of
$1 billion to $10 billion.  As of the Petition Date, the Debtors
had approximately $529.6 million in outstanding principal amount
of
secured indebtedness, consisting of a revolving credit facility
and
a term loan facility.

The Office of the U.S. Trustee in February 2016 appointed seven
creditors of Noranda
Aluminum Holding Corp. and its affiliated debtors to serve on the
official committee of unsecured creditors.  Lowenstein Sandler LLP
serves as Committee counsel and Houlihan Lokey Capital, Inc.,
serves as Committee as financial advisor and investment banker.


NORDICA SOHO: Spring Street Sale Proceeds to Fund Plan Payments
---------------------------------------------------------------
Nordica Soho LLC filed a Chapter 11 plan of reorganization
predicated on a sale of the Debtor's property located at 182-186
Spring Street, which was acquired for the purpose of pursuing a
residential re-development project, which was stalled,
necessitating the Chapter 11 filing.

To the extent that the net proceeds of the sale remaining after
payment of administrative expenses and secured and priority claims
are sufficient to pay unsecured debt, each holder of an allowed
unsecured general claim will receive a cash dividend on the closing
date up to the amount of its allowed unsecured claim, or a pro rata
portion thereof.

A full-text copy of the Disclosure Statement dated September 26,
2016, is available at http://bankrupt.com/misc/16-11856-21.pdf

                     About Nordica Soho

Nordica Soho LLC, based in New York, NY, filed a Chapter 11
petition (Bankr. S.D.N.Y. Case No. 16-11856) on June 28, 2016. The
Hon. Shelley C. Chapman presides over the case. Kevin J. Nash,
Esq., at Goldberg Weprin Finkel Goldstein LLP, to act as
bankruptcy
counsel.

In its petition, the Debtor estimated $10 million to $50 million in
assets and $10 million to $50 million in liabilities. The petition
was signed by Nanci Hom and Harry Shapiro, co-managers.

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


NORMAN EDWARD MCMAHON: Amended Plan Has Update on Lift Stay Bids
----------------------------------------------------------------
Norman Edward McMahon filed a second amended plan of reorganization
and accompanying disclosure statement to, among other things,
disclose that both ESSA Bank & Trust and National Capital
Management were granted conditional relief from the automatic stay,
which will shape the future of the bankruptcy case.

The Disclosure Statement said the U.S. Trustee has filed an
objection to the adequacy of the Disclosure Statement and Wells
Fargo Bank has filed an objection to confirmation of the Plan.  The
Disclosure Statement further disclosed that ESSA Bank & Trust was
also granted relief from the automatic stay but prevented from
proceeding until at January 2017 to allow Realtor John Duffy to
attempt to sell the Debtor's home in the interim.  National Capital
Management was also granted relief from the automatic stay but the
order was stayed until October 12, 2016, to permit the Debtor to
prepare a further amended plan, which specifically dealt with the
disposition of the real property of the Debtor and his wife at 112
115th Street, in Stone Harbor, New Jersey, which had not been
specifically dealt with in the prior plans.

A full-text copy of the Second Amended Disclosure Statement dated
September 26, 2016, is available at:

          http://bankrupt.com/misc/16-11874-110.pdf

Norman Edward McMahon filed a Chapter 13 bankruptcy petition
(Bankr. E.D. Penn. Case No. 16-11874) on March 18, 2016.  The case
was later converted to Chapter 11.  The Debtor is the owner and
president of Payall Solutions, LLC, a payroll processing firm.
The Debtor is represented by David A. Scholl, Esq., in
Philadelphia, PA.


NORSE-STAR JERSEYS: Taps Pittman & Pittman as Legal Counsel
-----------------------------------------------------------
Norse-Star Jerseys, LLC seeks approval from the U.S. Bankruptcy
Court for the Western District of Wisconsin to hire Pittman &
Pittman Law Offices LLC.

Pittman will serve as the Debtor's legal counsel in connection with
its Chapter 11 case.  The firm's professionals and their hourly
rates are:

     Galen W. Pittman     $250
     Greg P. Pittman      $200
     Wade M. Pittman      $200
     Paralegal             $75

In a court filing, Galen Pittman, Esq., disclosed that the firm
does not have any interest adverse to the Debtor's estate or any of
its creditors.

Pittman can be reached through:

     Galen W. Pittman
     Pittman & Pittman Law Offices LLC
     300 N. 2nd Street, Suite 210
     La Crosse, WI 54601
     Phone: 608-784-0841
     Fax: 608-784-2206

                    About Norse-Star Jerseys

Norse-Star Jerseys, LLC filed a Chapter 12 proceeding on October 8,
2015.  The case was converted to a Chapter 11 case (Bankr. W. D.
Wis. Case No. 15-13647) on April 13, 2016.


PAMELA FROG: Wants to Use Bayview Fund's Cash Collateral
--------------------------------------------------------
Pamela F.R.O.G., LLC, asks the U.S. Bankruptcy Court for the
Western District of Michigan for authorization to use cash
collateral.

The Debtor wants to use cash collateral from the payment of
receipts and revenues to pay for labor, supplies, taxes, insurance,
rent and other ordinary business expenses.

The Debtor is a Michigan Company that holds record title to two
parcels of commercial real property.  The Debtor's primary business
involves the operation of a daycare center at the Property.

The Debtor has one secured lender with a lien on cash collateral,
Bayview Fund Acquisitions, which held a first priority mortgage
secured by the Property and has a foreclosure judgment in the
approximate amount of $554,801.

The Debtor tells the Court that it has current obligations for the
payment of, Consumers Energy, Board Water and Light, labor,
employee wages, taxes, business supplies, insurance, and building
maintenance that cannot be met without the use of cash collateral.
The Debtor further tells the Court that in order to protect the
property of the Debtor and the creditors of the case, it is
imperative that the obligations be paid as they become due.

The Debtor proposes to grant Bayview Fund Acquisitions with a
replacement lien on the Debtor's receivables and the Debtor's
projected positive cash flow, as well as up to $2,000 in monthly
cash payments.

The Debtor's Income Statement for the period ended June 30, 2016,
shows that it incurred actual operating expenses the amount of
$249,077 for the period January 2016 to June 2016.

A full-text copy of the Debtor's Motion, dated Sept. 30, 2016, is
available at http://bankrupt.com/misc/PamelaFROG2016_1604965_4.pdf

                 About Pamela F.R.O.G.

Pamela F.R.O.G., LLC, doing business as Pam's Academy of Champions
filed a chapter 11 petition (Bankr. W.D. Mich. Case No. 16-04965)
on Sept. 28, 2016.  The petition was signed by Pamela J.
Eaton-Champion, managing member.  The Debtor is represented by
Michael Shawn Mahoney, Esq., at Michael S. Mahoney, P.C.  The case
is assigned to Judge John T. Gregg.  The Debtor disclosed $332,704
in assets and $1.13 million in liabilities.


PELICAN REAL ESTATE: Examiner Taps Yip Associates as Accountant
---------------------------------------------------------------
The examiner appointed in the Chapter 11 cases of Pelican Real
Estate LLC and its affiliates seeks approval from the U.S.
Bankruptcy Court for the Middle District of Florida to hire a
forensic accountant.

Maria Yip proposes to hire Yip Associates to provide these
services:

     (a) identify and investigate the Debtors' assets and make
         recommendations on the administration or disposition of
         those assets;

     (b)investigate intercompany dealings and make recommendations

        on whether substantive consolidation of the Debtors is
        appropriate or not; and

     (c) investigate transactions of insiders and identify
         potential causes of action against them.

The hourly rates of Yip Associates' accountants range from $195 to
$495.  Meanwhile, the billing rate of the firm's paraprofessionals
is $125 per hour.

Thomas Dearaujo, a forensic accountant and director of Yip
Associates, disclosed in a court filing that no employee of the
firm has any connection with the Debtors or any of their
creditors.

The firm can be reached through:

     Thomas Dearaujo
     Yip Associates
     One Biscayne Tower
     2 S. Biscayne Boulevard, Suite 2690
     Miami, FL 33131
     Tel: 305.569.0550
     Fax: 1.888.632.2672

                    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 sought
appointment of Maria M. Yip as the examiner, which was approved by
the court the next day.


PETER PITILIS: Disclosures OK'd; Plan Hearing Set For Nov. 1
------------------------------------------------------------
The Hon. Robert A. Gordon of the U.S. Bankruptcy Court for the
District of Maryland has approved Peter I. Pitilis' disclosure
statement dated July 19, 2016, describing the Debtor's Chapter 11
plan dated July 19, 2016.

The hearing to consider the confirmation of the Plan will be held
on Nov. 1, 2016, at 2:00 p.m.

Oct. 28, 2016, is the last day of filing objections to the
confirmation of the Plan.  It is also the deadline for filing
written acceptances or rejections of the Plan.

Peter I. Pitilis filed for Chapter 11 bankruptcy protection (Bankr.
D. Ma. Case No. 15−18092).


PETERS MACHINE: Wants to Use Cash Collateral to Pay Wages
---------------------------------------------------------
Peters Machine, Inc. seeks authority from the U.S. Bankruptcy Court
of the Central District of Illinois to continue using Regions
Bank's cash collateral, and to grant Regions Bank and Rapid Capital
Finance, LLC adequate protection.

The Debtor started in business in August 2004 through an asset
purchase of the former Peters Machine, Inc., with 10% of the
purchase price coming from the retirement funds of Jerald L. Nelson
and Maryel K. Nelson, and the balance from loans from Union
Planters Bank (now Regions, as successor in interest to Union
Planters), and the U.S. Small Business Administration.

The Debtor relates that Regions and the SBA are the Debtor's
primary secured lenders, with only Regions, apparently, possessing
a security interest against the Debtor’s cash collateral.  The
Debtor further relates that Regions claims that the Debtor owes the
bank approximately $1.8 million secured by substantially all of the
Debtor's tangible and intangible personal property.

The Debtor also relates that it owes Rapid Capital Finance
approximately $32,400, from working loans obtained in 2015, secured
by a presumptive second lien position on the Debtor's accounts
receivable and other cash and non-cash collateral.

The Debtor also seeks authorization to allow its pre-petition
payroll account to be kept open so that the checks it issued to its
Employees are able to clear.  The Debtor contends that under this
arrangement, no employee will receive more than the $12,850
priority amount to which his or her wage claim would be entitled,
and the Debtor will be able to avoid the massive loss of morale,
and quite possibly, loss of employees, that would arise from
failing to pay the employees their wages as they become due.

As of the Petition Date, the Debtor employs certain individuals at
a weekly wage or salary that generally falls in the range of a
total of $12,000 - $14,000.  The Debtor believes that it will lose
its employees and default on its pending contracts, which have a
value in excess of $300,000 if the Debtor is unable to use cash
collateral to pay its post-petition payroll and other essential
operating expenses.

A full-text copy of the Debtors' Motion, dated September 21, 2016,
is available at http://tinyurl.com/jqodam9


                About Peters Machine, Inc.

Peters Machine, Inc. filed a Chapter 11 petition (Bankr. C.D. Ill.
Case No. 16-71534), on September 20, 2016.  The petition was signed
by Jerald L. Nelson, president.  The case is assigned to Judge Mary
P. Gorman.  The Debtor's counsel is Jonathan A. Backman, Esq. at
the Law Office of Jonathan A. Backman.  At the time of filing, the
Debtor estimated both assets and liabilities at $1 million to $10
million.  

A copy of the Debtor's list of 20 largest unsecured creditors is
available for free at http://bankrupt.com/misc/ilcb16-71534.pdf


PLATFORM SPECIALTY: Moody's Rates Proposed $1.961BB Term Loan B2
----------------------------------------------------------------
Moody's Investors Service assigned B2 ratings to Platform Specialty
Products Corporation's proposed $1.961 billion senior secured term
loans that will partially refinance its existing term loans.
Platform will issue a new $1.647 billion term loan B-4 and a new
$314 million (USD equivalent) EUR term loan C-3 with new interest
rates, amended covenants, and extended maturity to June 2023.  The
new debt will refinance its existing term loan B-1, term loan B-2,
and EUR term loan C-1; ratings on these tranches will be withdrawn
at close of refinancing.  The proposed transaction is leverage
neutral and is expected to result in a modest reduction in annual
interest expense of between $10 - $15 million.  The existing B2
corporate family rating (CFR) is unchanged.  The rating outlook is
negative.

Assignments:

Issuer: MacDermid Agricultural Solutions Holdings BV (Co-Borrower
Netherlands Agricultural Investment Partners, LLC)
  Senior Secured Bank Credit Facility, Assigned B2 (LGD3)

Issuer: MacDermid Inc. (Co-Borrower Platform Specialty Products
Corporation)
  Senior Secured Bank Credit Facility, Assigned B2 (LGD3)

                        RATINGS RATIONALE

Platform's B2 CFR reflects its elevated leverage which is expected
to remain above 6.0x into 2017, complex integration process, and
continued pressure in the agriculture end markets due to low crop
prices.  The rating is constrained by the significant integration
risks associated with five recent acquisitions (Alent, OM Group
businesses, Arysta, Agriphar, and Chemtura AgroSolutions) as well
as the weak pro-forma financial metrics.  These challenges will
result in a protracted timeframe wherein the leverage remains
elevated.  Additionally, FX cash impacts and the challenged
agricultural end-markets, also pressure the rating.  Furthermore,
the company's liquidity will be directed towards increased debt
costs, seasonal working capital demands from the agricultural
business segment, and integration expenses, which are expected to
be roughly 0.75:1 with synergy gains.

Recent favorable developments to the rating include the equity
issuance of $403 million which is expected to largely fund the
Series B convertible preferred stock obligation.  The company has
also fully staffed its leadership roles, expressed a prioritization
on debt reduction, and set a goal to realize leverage of 4.5x in
less than three years.  While the company's stated strategy is to
be an acquirer and consolidator of specialty chemicals businesses
globally, Moody's expects that it will prioritize debt reduction
and integration over the next 12 or more months before pursuing
further acquisitions.

The B2 CFR is supported by the improved size of the company as
measured by pro forma revenues of $3.51 billion at June 30, and a
diverse revenue stream with both geographic and end-market
diversity.  The asset light business model benefits from low
capital requirements as well as resiliency in challenged markets
due to a greater proportion of variable costs.  Also supporting the
rating are the strong EBITDA margins of between 20%-25% and cash
flow generating capabilities of the combined businesses, which
benefit from geographic, operational, and product diversity through
its global footprint, with significant operations in the US,
Europe, and Asia.  Platform enjoys leading positions in several of
its markets, modest capital expenditure requirements, and has
limited exposure to volatile raw materials costs.

The negative outlook reflects the challenges of integrating its
five acquisitions (Alent, OM Group businesses, Agriphar, Chemtura
AgroSolutions, and Arysta) and the high pro-forma leverage that
exceeds 6.0x even with full synergy benefits.  The negative outlook
also indicates that there is no room in the rating for near-term
operating and synergy shortfalls nor for additional debt funded
acquisitions.  The outlook could be stabilized as leverage
approaches 5.5x and integration progress is demonstrated.

There is limited upside to the rating at this time.  Following a
successful completion and integration of Platform's acquisitions,
the ratings could be upgraded if leverage falls below 5.0x on a
sustained basis and the company demonstrates its ability to grow
its sales and generate significant free cash flow of close to $300
million.  Conversely, Platform's ratings could be downgraded if its
leverage is sustained above 6.5x, if liquidity falls below $200
million, or if the company undertakes incremental acquisitions
before realizing meaningful reductions in leverage.

Headquartered in West Palm Beach, Florida, Platform Specialty
Products Corporation is a publicly-traded company founded by
investors Martin Franklin and Nicolas Berggruen in 2013. Platform's
first acquisition in 2013 was MacDermid Holdings, LLC, a global
manufacturer of variety of chemicals and technical services for a
range of applications and markets including; metal and plastic
finishing, electronics, graphic arts, and offshore drilling.
Platform acquired Alent plc, OM Group businesses, Arysta
LifeScience Limited, Chemtura Corporation's AgroSolutions business,
and Belgium-based Group Agriphar Group agricultural chemical
business, in levered transactions valued at roughly
$2.0 billion, $365 million, $3.51 billion, $1 billion and $405
million, respectively.  Pro forma for the acquisitions, Platform's
sales are estimated near $3.51 billion for the twelve months ended
June 30, 2016.

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


PLATFORM SPECIALTY: S&P Rates Proposed $1.647BB Term Loan 'BB-'
---------------------------------------------------------------
S&P Global Ratings said it assigned its issue-level ratings to
Platform Specialty Product Corp. and its wholly-owned subsidiary
MacDermid Inc.'s proposed senior secured term loans.  The company
plans to use proceeds to refinance existing term loans.

S&P assigned its 'BB-' issue-level rating and '3' recovery rating
to Platform Specialty Products and MacDermid's proposed
$1.647 billion term loan B-4.  The '3' recovery rating on the term
loan indicates S&P's expectation of meaningful recovery (upper half
of the 50% to 70% range) in the event of a payment default.
Platform Specialty Products and MacDermid are the borrowers under
the existing US$ TLB-1, TLB-2, and TLB-3 and will also be the
borrowers under the new US$ TLB-4.

S&P also assigned its 'BB-' issue-level and '3' recovery ratings to
Netherlands Agricultural Investment Partners LLC and MacDermid
Agricultural Solutions Holdings B.V.'s proposed EUR282 term loan
C-3.  The '3' recovery rating on the term loan indicates S&P's
expectation of meaningful recovery (upper half of the 50% to 70%
range) in the event of a payment default.  Netherlands Agricultural
Investment Partners and MacDermid Agricultural Solutions Holdings
are the borrowers under the existing EUR TLC-1 and will also be the
borrowers under the new EUR TLC-3.

S&P's assessment of the company's satisfactory business risk
profile and highly leveraged financial risk profile lead to an
anchor score of 'b+'.  S&P applies a positive comparable ratings
assessment to the anchor to raise it by one notch, arriving at a
corporate credit rating of 'BB-'.  The positive comparable rating
analysis is the result of S&P's view of the issuer's credit
characteristics in aggregate.  S&P thinks the strengthened business
risk profile that falls within the satisfactory category,
contributes to our view that the company ranks higher than
similarly rated peers.  The outlook remains negative.

Debt ratings are based on preliminary terms and conditions.

RATINGS LIST

Platform Specialty Product Corp.
MacDermid Inc.
Corporate credit rating                          BB-/Negative/--

New Ratings
Platform Specialty Product Corp.
MacDermid Inc.
Senior Secured
$1.647 bil term ln B-4 due 2023                 BB-
  Recovery rating                                3H

Netherlands Agricultural Investment Partners LLC
MacDermid Agricultural Solutions Holdings B.V.
Senior Secured
EUR282 mil term ln C-3 due 2023                 BB-
  Recovery rating                                3H


POTOMAC PROMPT: Disclosures OK'd; Chapter 11 Plan Confirmed
-----------------------------------------------------------
The Hon. Thomas J. Catliota of the U.S. Bankruptcy Court for the
District of Maryland has approved Potomac Prompt Medical Care's
fifth restated disclosure statement in connection with the Debtor's
fifth restated Chapter 11 plan of reorganization.

The Court has also confirmed the Plan.

A copy of the court order is available at https://is.gd/a8ZGMi

Potomac Prompt Medical Care filed for Chapter 11 bankruptcy
protection (Bankr. D. Md. Case No. 15-21673) on Aug. 21, 2015.
Alice Pare-Johnson, Esq., at the Law Office of Alice Pare-Johnson
serves as the Debtor's bankruptcy counsel.


PREMIER EXHIBITIONS: Seeks Exclusivity Extension Thru Jan. 10
-------------------------------------------------------------
BankruptcyData.com reported that Premier Exhibitions filed with the
U.S. Bankruptcy Court a motion to extend the exclusive period
during which the Company can file a Chapter 11 plan and solicit
acceptances thereof through and including Jan. 10, 2017.  The
motion explains, "Under the circumstances of these cases, a
premature termination of exclusivity would deny the Debtors a
meaningful opportunity to negotiate and propose a confirmable plan
and would be antithetical to the paramount objectives of Chapter
11.  Termination of exclusivity at this point in time could have
the undesirable effect of encouraging the development of competing
multiple plans that could lead to unwarranted confrontations,
litigation, and administrative expenses. Moreover, given the
current posture of these case and unresolved issues, it would be
premature and counterproductive for any nondebtor party in interest
to initiate the plan proposal process. Instead, the requested
extension will increase the likelihood of a consensual resolution
of these cases that preserves value much more than would a plan
filed at this time—or than would a creditor-initiated plan
lacking the necessary information, foundation, and support.  The
requested extension of exclusivity will not prejudice the
legitimate interest of any creditor or other party in interest.  To
the contrary, the proposed extension will advance the Debtors'
efforts to further the reconciliation process, obtain information
and answers, preserve value, and avoid unnecessary and wasteful
motion practice."

                         About RMS Titanic

RMS Titanic, Inc., a wholly owned subsidiary of Premier
Exhibitions, Inc., is the only company permitted by law to recover
objects from the wreck of Titanic. The Company was granted
Salvor-In-Possession rights to the wreck of Titanic by the United
States District Court for the Eastern District of Virginia, Norfolk
Division in 1994 and has conducted eight research and recovery
expeditions to Titanic recovering approximately 5,000 artifacts.

In the summer of 2010, RMS Titanic, Inc. conducted a
ground-breaking expedition to Titanic 25 years after its discovery,
to undertake innovative 3D video recording, data gathering and
other technical measures so as to virtually raise Titanic,
preserving the legacy of the ship for all time.

                    About Premier Exhibitions

Premier Exhibitions, Inc. (Nasdaq: PRXI), located in Atlanta,
Georgia, is a foremost presenter of museum quality exhibitions
throughout the world.  Premier --
http://www.PremierExhibitions.com/-- is a recognized leader in
developing and displaying unique exhibitions for education and
entertainment including Titanic: The Artifact Exhibition,
BODIES...The Exhibition, Tutankhamun: The Golden King and the Great
Pharaohs, Pompeii The Exhibition, Extreme Dinosaurs and Real
Pirates in partnership with National Geographic. The success of
Premier Exhibitions, Inc. lies in its ability to produce, manage,
and market exhibitions.

RMS Titanic and seven of its subsidiaries filed voluntary petitions
for reorganization under Chapter 11 of the Bankruptcy Code (Bankr.
M.D. Fla. Lead Case No. 16-02230) on June 14, 2016. Former Chief
Financial Officer and Chief Operating Officer Michael J. Little
signed the petitions.

The Debtors estimated both assets and liabilities of $10 million to
$50 million.

The Chapter 11 cases are assigned to Judge Paul M. Glenn.

Guy Gebhardt, acting U.S. trustee for Region 21, on Aug. 24, 2016,
appointed three creditors to serve on the official committee of
unsecured creditors of RMS Titanic, Inc., and its affiliates. The
Committee hired Storch Amini & Munves PC and Thames Markey &
Heekin, P.A. as counsel.


PUERTO RICO: Governor Aims to Present Turnaround Plan in 2 Weeks
----------------------------------------------------------------
The American Bankruptcy Institute, citing Nick Brown of Reuters,
reported that Puerto Rico's governor said he has proposed to the
U.S. territory's fiscal oversight board a timeline to present the
board with a financial turnaround plan in two weeks.

According to the report, Governor Alejandro Garcia Padilla
announced the timeline as part of a televised address, ahead of the
oversight board's first meeting, scheduled for Oct. 7, 2016 morning
in New York.

The oversight board was appointed by U.S. lawmakers and President
Barack Obama to manage Puerto Rico's finances and help stabilize an
economy suffering from a decade-long recession, $70 billion in
total debt and a poverty rate of 45 percent, the report related.

Under the federal law that created the board, the island's governor
is tasked with presenting a financial turnaround plan, which the
board must revise and approve, the report said.


QUALITY FLOAT: Taps Warady & Davis as Accountants
-------------------------------------------------
Quality Float Works, Inc., seeks authorization from the U.S.
Bankruptcy Court for the Northern District of Illinois to employ
Warady & Davis LLP as accountants as of August 11, 2016.

The Debtor requires Warady & Davis to:

     (a) maintain the financial books and records of the Debtor;

     (b) aid the Debtor in preparing Chapter 11 operating reports;

     (c) prepare tax returns for the Debtor;

     (d) advise the Debtor on various accounting and tax matters;
and
  
     (e) do the necessary accounting work for approval of the
disclosure statement and plan.

Warady & Davis professionals will be paid at these hourly rates:

         Jim Donenberg        $290
         Christine Massei     $185
         Lisa Reeder          $175
         Jack Kamm            $145
         Sandy Femari         $140
         Susan Varga          $135
         Mark Tang            $125

Warady & Davis has requested a retainer of $1,000.00. Moreover,
Warady & Davis has waived its claim of $19,278 in providing
accounting services to the Debtor.

Jim Donenberg, member of Warady & Davis, assured the Court that the
firm is a "disinterested person" as the term is defined in Section
101(14) of the Bankruptcy Code and does not represent any interest
adverse to the Debtors and their estates.

Warady & Davis can be reached at:

        Jim Donenberg
        WARADY & DAVIS LLP
        1717 Deerfield Road
        Suite 300 South
        Deerfield, IL 60015
        Phone: (847) 267-9600
        Fax: (847) 267-9696
        Email: jdonenberg@waradydavis.com

           About Quality Float Works

Quality Float Works, Inc. filed a Chapter 11 petition (Bankr. N.D.
Ill. Case No. 16-25753), on August 11, 2016.  The petition was
signed by Jason Speer, president.  Judge Deborah L. Thorne presides
over the case. The Debtor is represented by Robert R. Benjamin,
Esq. at Golan & Christie LLP.

The Debtor is a corporation that manufactures valves and floats
used for level liquid controls.

At the time of filing, the Debtor disclosed total assets at
$481,533 and total liabilities at $1.32 million.


RESORT SAVERS: Needs More Capital to Continue as a Going Concern
----------------------------------------------------------------
Resort Savers, Inc., filed its quarterly report on Form 10-Q,
disclosing a net loss of $2.01 million on $25.11 million of revenue
for the three months period ended July 31, 2016, compared to a net
loss of $27,743 on $nil of revenue for the same period in 2015.

The Company's balance sheet at July 31, 2016, showed $36.09 million
in total assets, $29.64 million in total liabilities, and a
stockholders' equity of $6.45 million.

The Company has not yet had sufficient revenues to cover its
operating cost, and requires additional capital to commence its
operating plan.  The ability of the Company to continue as a going
concern is dependent on the Company obtaining adequate capital to
fund operating losses until it becomes profitable.  If the Company
is unable to obtain adequate capital, it could be forced to cease
operations.  These factors raise substantial doubt about its
ability to continue as a going concern.

In order to continue as a going concern, the Company will need,
among other things, additional capital resources.  Management's
plan to obtain such resources for the Company include: sales of
equity instruments; traditional financing, such as loans; and
obtaining capital from management and significant stockholders
sufficient to meet its minimal operating expenses. However,
management cannot provide any assurance that the Company will be
successful in accomplishing any of its plans.

There is no assurance that the Company will be able to obtain
sufficient additional funds when needed or that such funds, if
available, will be obtainable on terms satisfactory to the Company.
In addition, profitability will ultimately depend upon the level
of revenues received from business operations.  However, there is
no assurance that the Company will attain profitability.  The
accompanying financial statements do not include any adjustments
that might be necessary if the Company is unable to continue as a
going concern.

A copy of the Form 10-Q is available at:
                              
                       https://is.gd/eAd3dd

                     About Resort Savers, Inc.

Shenzhen, China-based Resort Savers, Inc., makes investments and
acquisitions into markets and industries throughout the world.  The
Company operates through two segments: health beverage, and oil and
gas.  The Company has invested in a company principally engaged in
the development and production of beverages, investment in
agricultural business, and import and export of products in the
food and beverage industry.  It has also invested in a company
principally engaged in the trading of oil, gas and lubricant.  The
Company's subsidiaries include Xing Rui International Investment
Holding Group Co., Ltd. (Xing Rui), Xing Rui International
Investment Group Ltd. (Xin Rui HK), Huaxin Changrong (Shenzhen)
Technology Service Co., Ltd. (Huaxin), Shenzhen Amuli Industrial
Development Company Limited (Amuli) and Beijing Yandong Tieshan Oil
Products Co., Ltd. (Tieshan Oil).


RICHARD ALLEN CHOJNACKI: Plan and Disclosures Due Oct. 31
---------------------------------------------------------
Following a status conference held Aug. 25, 2016, Judge K. Rodney
May entered an order setting an Oct. 31, 2016, deadline for debtor
Richard Allen Chojnacki to file a Plan and Disclosure Statement.

If the Debtor fails to file a Plan and Disclosure Statement by the
Filing Deadline, the Court will issue an order to show cause why
the case should not be dismissed or converted to a Chapter 7 case
pursuant to Section 1112(b)(1) of the Bankruptcy Code.

The Chapter 11 case is In re Richard Allen Chojnacki (Bankr. M.D.
Fla. Case No. 15−09061).



RMS TITANIC: Equity Committee Taps Akerman as Co-Counsel
--------------------------------------------------------
The official committee of equity security holders of Premier
Exhibitions Inc., the parent company of RMS Titanic Inc., seeks
court approval to hire Akerman LLP.

Akerman will serve as co-counsel with Landau Gottfried & Berger
LLP, the Los Angeles-based law firm tapped by the equity committee
to be its general bankruptcy counsel.  The services to be provided
by the firm include:

     (a) advising the equity committee regarding its rights,
         powers and duties;

     (b) assisting the equity committee in its consultations with
         the Debtors regarding the administration of the case;

     (c) assisting the equity committee in analyzing claims and in

         negotiating with creditors and stakeholders;

     (d) assisting the equity committee in its investigation of
         the acts, conduct, assets, liabilities, and financial
         condition of the Debtors and of the operation of their
         businesses;

     (e) assisting the equity committee in its analysis of, and
         negotiations with, the Debtors or any third party
         concerning matters related to the terms of a Chapter 11
         plan;

     (f) advising the equity committee with respect to its
         communications with its constituency;

     (g) representing the equity committee at all hearings and
         other proceedings;

     (h) reviewing and analyzing all legal papers filed with the
         court and advising the equity committee as to their
         propriety; and

     (i) assisting the equity committee in preparing legal papers.

Jacob Brown, Esq., and Katherine Fackler, Esq., the attorneys
designated to represent the equity committee, will be paid $400 per
hour and $285 per hour, respectively.

In a court filing, Mr. Brown disclosed that his firm does not
represent any other entity holding interest adverse to the
Debtors.

The firm can be reached through:

     Jacob A. Brown, Esq.
     Katherine C. Fackler, Esq.
     Akerman LLP
     50 North Laura Street, Suite 3100
     Jacksonville, FL 32202
     Tel:(904) 798-3700
     Fax:(904) 798-3730
     Email: jacob.brown@akerman.com
     Email: katherine.fackler@akerman.com

                        About RMS Titanic

RMS Titanic, Inc., a wholly owned subsidiary of Premier
Exhibitions, Inc., is the only company permitted by law to recover
objects from the wreck of Titanic. The Company was granted
Salvor-In-Possession rights to the wreck of Titanic by the United
States District Court for the Eastern District of Virginia, Norfolk
Division in 1994 and has conducted eight research and recovery
expeditions to Titanic recovering approximately 5,000 artifacts.

In the summer of 2010, RMS Titanic, Inc. conducted a
ground-breaking expedition to Titanic 25 years after its discovery,
to undertake innovative 3D video recording, data gathering and
other technical measures so as to virtually raise Titanic,
preserving the legacy of the ship for all time.

                    About Premier Exhibitions

Premier Exhibitions, Inc. (Nasdaq: PRXI), located in Atlanta,
Georgia, is a foremost presenter of museum quality exhibitions
throughout the world. Premier is a recognized leader in developing
and displaying unique exhibitions for education and entertainment
including Titanic: The Artifact Exhibition, BODIES...The
Exhibition, Tutankhamun: The Golden King and the Great Pharaohs,
Pompeii The Exhibition, Extreme Dinosaurs and Real Pirates in
partnership with National Geographic. The success of Premier
Exhibitions, Inc. lies in its ability to produce, manage, and
market exhibitions. Additional information about Premier
Exhibitions, Inc. is available at the Company's Web site
http://www.PremierExhibitions.com/RMS Titanic and seven of its
subsidiaries filed voluntary petitions for reorganization under
Chapter 11 of the Bankruptcy Code (Bankr. M.D. Fla. Lead Case No.
16-02230) on June 14, 2016. Former Chief Financial Officer and
Chief Operating Officer Michael J. Little signed the petitions.

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

The Chapter 11 cases are assigned to Judge Paul M. Glenn.

Guy Gebhardt, acting U.S. trustee for Region 21, on August 24,
2016, appointed three creditors to serve on the official committee
of unsecured creditors of RMS Titanic, Inc., and its affiliates.
The Committee hired Storch Amini & Munves PC and Thames Markey &
Heekin, P.A. as counsel.

On August 24, 2016, the U.S. Trustee formed a five-member committee
of equity security holders of Premier Exhibitions.  Andrew Shapiro
of Lawndale Capital Management, LLC serves as chairman of the
equity committee.




RMS TITANIC: Equity Committee Taps Landau as Legal Counsel
----------------------------------------------------------
The official committee of equity security holders of Premier
Exhibitions Inc., the parent company of RMS Titanic Inc., seeks
court approval to hire legal counsel.

In a filing with the U.S. Bankruptcy Court for the Middle District
of Florida, the equity committee proposes to hire Landau Gottfried
& Berger LLP to provide these services in connection with the
Debtors' Chapter 11 cases:

     (a) advise the equity committee regarding its rights, powers
         and duties;

     (b) assist the equity committee in its consultations with the

         Debtors regarding the administration of the case;

     (c) assist the equity committee in analyzing claims and in
         negotiating with creditors and stakeholders;

     (d) assist with the equity committee's investigation of the
         acts, conduct, assets, liabilities, and financial
         condition of the Debtors and of the operation of their
         businesses;

     (e) assist the equity committee in its analysis of, and
         negotiations with, the Debtors or any third party
         concerning matters related to the terms of a Chapter 11
         plan;

     (f) advise the equity committee with respect to its
         communications with its constituency;

     (g) represent the equity committee at all hearings and other
         proceedings;

     (h) review and analyze all legal papers filed with the court
         and advise the equity committee as to their propriety;
         and

     (i) assist the equity committee in preparing legal papers.

The firm's professionals and their hourly rates are:

     Peter Gurfein          $565
     Roye Zur               $380
     Other Lawyers   $280 - $590
     Law Clerk       $165 - $225
     Paralegal       $165 - $225

In a court filing, Mr. Gurfein disclosed that his firm does not
have any interest adverse to the Debtors.

The firm can be reached through:

     Peter J. Gurfein, Esq.
     Landau Gottfried & Berger LLP
     1801 Century Park East, Suite 700
     Los Angeles, CA 90067
     Phone: 310-557-0050
     Fax: 310-557-0056
     Email: pgurfein@lgbfirm.com

                        About RMS Titanic

RMS Titanic, Inc., a wholly owned subsidiary of Premier
Exhibitions, Inc., is the only company permitted by law to recover
objects from the wreck of Titanic. The Company was granted
Salvor-In-Possession rights to the wreck of Titanic by the United
States District Court for the Eastern District of Virginia, Norfolk
Division in 1994 and has conducted eight research and recovery
expeditions to Titanic recovering approximately 5,000 artifacts.

In the summer of 2010, RMS Titanic, Inc. conducted a
ground-breaking expedition to Titanic 25 years after its discovery,
to undertake innovative 3D video recording, data gathering and
other technical measures so as to virtually raise Titanic,
preserving the legacy of the ship for all time.

                    About Premier Exhibitions

Premier Exhibitions, Inc. (Nasdaq: PRXI), located in Atlanta,
Georgia, is a foremost presenter of museum quality exhibitions
throughout the world. Premier is a recognized leader in developing
and displaying unique exhibitions for education and entertainment
including Titanic: The Artifact Exhibition, BODIES...The
Exhibition, Tutankhamun: The Golden King and the Great Pharaohs,
Pompeii The Exhibition, Extreme Dinosaurs and Real Pirates in
partnership with National Geographic. The success of Premier
Exhibitions, Inc. lies in its ability to produce, manage, and
market exhibitions. Additional information about Premier
Exhibitions, Inc. is available at the Company's Web site
http://www.PremierExhibitions.com/RMS Titanic and seven of its
subsidiaries filed voluntary petitions for reorganization under
Chapter 11 of the Bankruptcy Code (Bankr. M.D. Fla. Lead Case No.
16-02230) on June 14, 2016. Former Chief Financial Officer and
Chief Operating Officer Michael J. Little signed the petitions.

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

The Chapter 11 cases are assigned to Judge Paul M. Glenn.

Guy Gebhardt, acting U.S. trustee for Region 21, on August 24,
2016, appointed three creditors to serve on the official committee
of unsecured creditors of RMS Titanic, Inc., and its affiliates.
The Committee hired Storch Amini & Munves PC and Thames Markey &
Heekin, P.A. as counsel.

On August 24, 2016, the U.S. Trustee formed a five-member committee
of equity security holders of Premier Exhibitions.  Andrew Shapiro
of Lawndale Capital Management, LLC serves as chairman of the
equity committee.



ROCHDALE SECURITIES: Wins $8-Mil. Award Against Pershing LLC
------------------------------------------------------------
Katy Stech, writing for The Wall Street Journal Pro Bankruptcy,
reported that a judge has ruled that Rochdale Securities LLC, a
Connecticut trading firm that shut down after a loss from a $1
billion Apple Inc. stock purchase executed by a rogue trader, can
collect nearly $8 million in damages from Wall Street firm Pershing
LLC, which it accused of mishandling the firm's fatal trade.

According to the report, in a recent ruling, a New York state-court
judge agreed with the damages award against Pershing, which
executed the unauthorized trade in Apple stock in October 2012 that
left Rochdale Securities with a loss of several million dollars.

In earlier court papers, Rochdale Securities argued that Pershing,
a unit of the Bank of New York Mellon Corp. that administered more
than $1 trillion in assets as of June, had the power to reverse the
massive trade, knowing it was a mistake and that Rochdale
Securities didn't have the money to pay for the purchase, the
report related.

Pershing denied wrongdoing and asserted in court papers that it
didn't have the power to undo Rochdale Securities' trade, the
report further related.

                   About Rochdale Securities

Rochdale Securities, LLC, filed a Chapter 11 bankruptcy petition
(Bankr. D. Conn. Case No. 14-51485) in Bridgeport, Connecticut, on
Sept. 23, 2014.  Daniel J. Crowley signed the petition as
president.  In its schedules, the Debtor listed $199,030 in total
assets and $5,907,958 in total liabilities.  Zeisler and Zeisler,
PC, serves as the Debtor's counsel.  Judge Alan H.W. Shiff is
assigned to the case.

                         *     *     *

Rochdale Securities, LLC, filed with the U.S. Bankruptcy Court for
the District of Connecticut its First Amended Disclosure Statement
relating to its First Modified Plan of Reorganization, which
proposes that general unsecured creditors will receive 100% of
their allowed general unsecured claims plus interest at the legal
rate accrued since the Petition Date, paid in full in cash on the
Effective Date.


ROYAL COACHMAN: Case Summary & 7 Unsecured Creditors
----------------------------------------------------
Debtor: Royal Coachman Mobile Home Park, LLC
        PO Box 907
        Royal City, WA 99357

Case No.: 16-03109

Chapter 11 Petition Date: October 3, 2016

Court: United States Bankruptcy Court
       Eastern District of Washington (Spokane/Yakima)

Debtor's Counsel: Dan O'Rourke, Esq.
                  SOUTHWELL & O'ROURKE, P.S.
                  421 W Riverside Avenue, Suite 960
                  Spokane, WA 99201
                  Tel: 509-624-0159
                  Fax: 509-624-9231
                  E-mail: dorourke@southwellorourke.com

Estimated Assets: $1 million to $10 million

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

The petition was signed by Shannon Hunter Burns, authorized
representative.

A copy of the Debtor's list of seven unsecured creditors is
available for free at http://bankrupt.com/misc/waeb16-03109.pdf


SAN LUIS FACILITY: S&P Lowers Rating on Revenue Bonds to 'BB-'
--------------------------------------------------------------
S&P Global Ratings lowered its long-term rating on San Luis
Facility Development Corp., Ariz.'s taxable revenue bonds to 'BB-'
from 'BBB'.  The rating was also placed on CreditWatch with
negative implications.  The rating has been on CreditWatch with
negative implications since June 3, 2016.

On Aug. 18, 2016, the U.S. Department of Justice (DOJ) released a
memo directing the Federal Bureau of Prisons (FBOP) to "reduce and
ultimately end the use of privately operated prisons" based on the
assertion that they do not maintain the same level of safety and
security and do not save substantially on costs relative to
facilities operated by the FBOP.  No such directive has been
provided to United States Marshals Service or Immigration and
Customs Enforcement at this time; however, it underscores a
potential shift in federal policy.

"The rating actions reflect our view of the uncertainty and
potential negative implications stemming from the current federal
policy for the use of private operators and the impact it could
have on the San Luis facility," said S&P Global Ratings credit
analyst Jenny Poree.

Direction from DOJ or the Department of Homeland Security
subcommittee could reduce the need for the San Luis facility, which
could negatively affect the ability to make future debt service
payments in the absence of more sustainable revenue.  S&P will
continue to monitor the situation and take rating actions as
necessary.  S&P expects to resolve the CreditWatch listing within
90 days.


SCRIPSAMERICA INC: Case Summary & 14 Unsecured Creditors
--------------------------------------------------------
Debtor: ScripsAmerica, Inc.
        1094 Main Avenue, Suite A
        Clifton, NJ 07011

Case No.: 16-11991

Nature of Business: The Debtor is a holding company that manages
                    three companies in the pharmaceutical
                    industry.

Chapter 11 Petition Date: September 7, 2016

Court: United States Bankruptcy Court
       District of Delaware (Delaware)

Debtor's Counsel: Joseph J. McMahon, Jr., Esq.
                  CIARDI, CIARDI & ASTIN
                  1204 N. King Street
                  Wilmington, DE 19801
                  Tel: 302-658-1100
                  Fax: 302-658-1300
                  E-mail: jmcmahon@ciardilaw.com

Total Assets: $600,000 as of September 6, 2016

Total Debts: $4.65 million as of September 6, 2016

The petition was signed by Jeffrey J. Andrews, chief financial
officer.

A copy of the Debtor's list of 14 unsecured creditors is available
for free at http://bankrupt.com/misc/deb16-11991.pdf


SENATE ACCEPTANCE: Files First Amended Plan of Liquidation
----------------------------------------------------------
Janet M. Nesse, in her capacity as Chapter 11 Trustee for the
substantively consolidated Debtors Senate Acceptance Corporation
and Senate Insurance Agency, Inc., filed a Disclosure Statement
explaining the First Amended Plan of Liquidation.

The Plan contemplates the immediate full payment of certain Allowed
Administrative claims, Allowed Tax Claims, Allowed Priority claims,
and Allowed Secured claims, and full payment over time of certain
Allowed Tax Claims. The Plan provides for Pro Rata distributions of
remaining Available Cash to holders of Trade Claims and Individual
Lender Claims.

Class 3 consists of Trade Claims, which are claims against the
Debtors which are not Secured Claims, Priority Claims, Individual
Lender Claims or Intercompany Claims. The Chapter 11 Trustee has
identified approximately $2 million in Trade Claims asserted
against the Debtors.

Each holder of a Trade Claim shall receive from the Liquidation
Trust a Pro Rata share of any distribution made by the Liquidating
Trustee from the General Assets, except to the extent that a holder
of a Trade Claim agrees to a different treatment. The Liquidating
Trustee shall make annual Distributions of Available Cash to
Holders of Class 3 Claims.

Class 4 consists of Individual Lender Claims. An "Individual Lender
Claim" is a Claim based on a loan, advance or other investment to
or in the Debtors, each Holder of an Allowed Individual Lender
Claim shall receive the following treatment:

      Option 1: On the Effective Date, each holder of an Individual
Lender Claim shall convey and shall be deemed to have assigned any
and all of its Individual Lender Direct Causes of Action, and the
rights to any proceeds therefrom, to the Liquidation Trust. In
exchange, each Holder of an Allowed Individual Lender Claim shall
receive (a) a Pro Rata share of any distribution made by the
Liquidating Trustee from the General Assets, and (b) a Pro Rata
share of any Distribution made by the Liquidating Trustee from the
Individual Lender Asset Pool;

      Option 2: Each Holder of an Allowed Individual Lender Claim
shall receive a Pro Rata share of any Distribution made by the
Liquidating Trustee from the General Assets; but shall not receive
a Pro Rata share of any Distribution made by the Liquidating
Trustee from the Individual Lender Asset Pool and shall not be
deemed to have assigned its Individual Lender Direct Causes of
Action to the Liquidation Trust.

The Liquidation Trust shall be established pursuant to the
Liquidation Trust Agreement, for the purposes of: (a) administering
all of the Assets of the Debtors and the Estates conveyed to the
Liquidation Trust, including the Individual Lender Direct Causes of
Action, (b) resolving all Claims, and (c) making all Distributions
to the Beneficiaries provided for under the Plan.

A full-text copy of the Disclosure Statement dated September 14,
2016 is available at http://tinyurl.com/gnrtny4

      About Senate Acceptance

CMS Family IV LLC, Charles M. Steiner, the Nioma Cohen Trust f/b/o
Ronna Cohen, the Sheldon Monsein Living Trust, the Judith Monsein
Living Trust and Lauren Miller filed an involuntary petition under
chapter 7 of the Bankruptcy Code against Senate Acceptance Corp.,
on December 2, 2013.

Senate Acceptance filed a motion to convert its case under Chapter
11 of the Bankruptcy Code (Bankr. D. Md. Lead Case No. 13-30244) on
December 8, 2013, and the Court converted the Senate Acceptance
case to Chapter 11, on December 12, 2013.

On December 13, 2013, the Court entered its Consent Order Directing
Appointment of Chapter 11 Trustee.  On December 23, 2013, the Court
approved the  Janet M. Nesse's appointment as Chapter 11 Trustee.

The case is assigned to Judge David E. Rice.

On February 5, 2014, Janet M. Nesse, in her capacity as Chapter 11
Trustee, caused Senate Insurance to file Chapter 11 bankruptcy,
commencing case no. 14-11743-DER. On March 28, 2014, the Court
entered an order granting the Chapter 11 Trustee’s motion for
substantive consolidation of the Senate Insurance case with the
Senate Acceptance Case.

On January 31, 2014, the Office of the United States Trustee
appointed (1) Gary C. Becker; (2) Adam Steiner, managing director
of CMS Family IV, LLC; (3) Douglas Monsein, Trustee of the Doug
Monsein Family Trust; (4) Jonathan L. Hazman; and (5) Stuart
Soberman to the Official Committee of Unsecured Creditors. Gary C.
Becker serves as chairperson of the Committee. The Committee has
not engaged counsel.


SETAI 3509: Junior Secured Lender to Be Paid in Installments
------------------------------------------------------------
Setai 3509, LLC and Setai 1908, LLC's Amended Disclosure Statement
dated September 26, 2016, includes a venture agreement the Debtors
entered into with Setai Venture, LLC, which is owed a total of
$6,202,611, and has a junior lien on the Debtors' condominium
units.

Pursuant to the terms of the Setai Venture Agreement, the Debtors
have agreed to satisfy the Setai Venture Secured Claim through
payments of $6,200,000 payable as follows:

   -- $200,000 to Hoffman, Larin & Agnetti, P.A. Trust Account, on
      or before September 26, 2016;
   -- $500,000 on or before October 14, 2016;
   -- $1,000,000 on or before December 15, 2016;
   -- $1,000,000 on or before April 14, 2017; and
   -- the remaining balance, less the sale proceeds derived from
      Unit 1908, on or before December 17, 2017.

The Debtors intend to make the principal payments by contributions
made by the Debtors' principal.

The Setai Venture Agreement further requires Setai 1908 to sell
Unit 1908 and provides that all sales proceeds after payment of BAC
Florida's senior mortgage and regular and ordinary closing costs be
disbursed to Setai Venture.

A full-text copy of the Amended Disclosure Statement is available
at http://bankrupt.com/misc/16-20114-81.pdf

Setai 3509, LLC and Setai 1908, LLC, based in Miami Beach, Fla.,
filed a Chapter 11 petitions (Bankr. S.D. Fla. Case Nos. 16-20114
and 16-20115) on July 21, 2016.  Judge Laurel M. Isicoff presides
over Setai 3509's case, while Judge Robert A. Mark presides over
Setai 1908's case.  Michael S. Hoffman, Esq., at Hoffman Larin &
Agnetti, P.A., serves as bankruptcy counsel.

The Debtors each estimated $1 million to $10 million in assets.
Setai 3509 estimated $10 million to $50 million in liabilities,
while Setai 1908 estimated $1 million to $10 million in
liabilities.  The petitions were signed by Eric Grabois, authorized
agent.

The Office of the U.S. Trustee on Sept. 23 disclosed in a court
filing that no official committee of unsecured creditors has been
appointed in the Chapter 11 cases of Setai 3509, LLC and Setai
1908, LLC.


SFX ENTERTAINMENT: Files 5th Amended Plan of Reorganization
-----------------------------------------------------------
BankruptcyData.com reported that SFX Entertainment filed with the
U.S. Bankruptcy Court a Fifth Amended Joint Plan of Reorganization
and related Disclosure Statement.  According to the Disclosure
Statement, "The Plan proposes the issuance of three classes of
securities: New Series A Preferred Stock, New Series B Preferred
Stock and New Common Stock.  The shares of New Series A Preferred
Stock to be issued shall have a face amount and a liquidation value
as of the Effective Date equal to 102% of the sum of (1) the
amount, as of the Effective Date, of Incremental Tranche B DIP
Accordion Claims, net of amounts paid or payable in Cash in
accordance with the Plan, and (2) the New Series A Preferred Stock
Investment Amount. The issuance of the New Series A Preferred Stock
shall be funded through (A) with respect to the amount described in
clause (1) of the preceding sentence, the conversion of the
Incremental Tranche B DIP Accordion Claims, net of amounts paid or
payable in Cash in accordance with the Plan, into shares of New
Series A Preferred Stock, and (B) with respect to the amount
described in clause (2) of the preceding sentence, the sale of
shares of the New Series A Preferred Stock pursuant to the New
Series A Preferred Stock Investment Agreement.  The New Series A
Preferred Stock shall, among other things, (i) accrue PIK dividends
at 15% per annum and shall be perpetual preferred subject to a
mandatory redemption at the New Series A Preferred Stock
Liquidation Preference, upon a Liquidity Event, (ii) have voting
rights entitling it to vote on a 20:1 ratio to the voting rights of
the New Common Stock, (iii) be senior in right of payment to the
New Series B Preferred Stock and (iv) have such other terms and
conditions as set forth in the applicable New Governance Documents
or the New Series A Preferred Stock Certificate….  The Plan also
proposes the issuance of three series of warrants: the Series A
Warrants, the Series B Warrants, and the Series C Warrants."

                    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.


SHREE MELDIKRUPA: Oct. 24 Joint Plan, Disclosures Hearing
---------------------------------------------------------
Judge Edward J. Coleman III of the U.S. Bankruptcy Court for the
Southern District of Georgia conditionally approved the disclosure
statement explaining Shree Meldikrupa Incorporated's Plan and
scheduled a hearing for October 24, 2016, at 2:00 PM, to consider
final approval of the disclosure statement (if a written objection
has been timely filed, including any objections to property value)
and for the hearing on confirmation of the plan.

October 17, 2016, is fixed as the last day for filing written
acceptances or rejection of the Plan and the last day for filing
and serving written objections to the disclosure statement and
confirmation of the plan.

Shree Meldikrupa Incorporated sought protection under Chapter 11 of
the Bankruptcy Code on Aug. 31, 2015 (Bankr. S.D. Ga., Case No.
15-41411).  The Debtor's counsel is R. Brandon Galloway, Esq., at
Galloway & Galloway, PC, in Pooler, Georgia.  The petition was
signed by Kantilal Patel, CEO.


SIGNAL BAY: Negative Working Capital Raises Going Concern Doubt
---------------------------------------------------------------
Signal Bay, Inc., filed its quarterly report on Form 10-Q,
disclosing a net loss of $420,864 on $116,648 of total revenue for
the three months period ended June 30, 2016, compared to a net loss
of $320,152 on $6,399 of total revenue for the same period in
2015.

The Company's balance sheet at June 30, 2016, showed $2.17 million
in total assets, $2.02 million in total liabilities, and a
stockholders' equity of $150,206.

The Company has negative working capital, recurring losses, and
does not have an established source of revenues sufficient to cover
its operating costs.  These factors raise substantial doubt about
the Company's ability to continue as a going concern.

The ability of the Company to continue as a going concern is
dependent upon its ability to successfully accomplish the plan
described in the preceding paragraph and eventually attain
profitable operations.

In the coming year, the Company's foreseeable cash requirements
will relate to continual development of the operations of its
business, maintaining its good standing and making the requisite
filings with the Securities and Exchange Commission, and the
payment of expenses associated with operations and business
developments.  The Company may experience a cash shortfall and be
required to raise additional capital.

Historically, it has mostly relied upon internally generated funds
such as shareholder loans and advances to finance its operations
and growth.  Management may raise additional capital by retaining
net earnings or through future public or private offerings of the
Company's stock or through loans from private investors, although
there can be no assurance that it will be able to obtain such
financing. The Company's failure to do so could have a material and
adverse effect upon it and its shareholders.

A copy of the Form 10-Q is available at:
                              
                       https://is.gd/2ppn9X

Bend, Ore.-based Signal Bay, Inc., through its subsidiaries,
provides advisory, management and analytical testing services to
the legalized cannabis industry.  The Company's segments are Signal
Bay Consulting (SBC) and CR Labs, Inc. (CRLB).



SNEED SHIPBUILDING: Allowed to Obtain IPFS Premium Financing
------------------------------------------------------------
Judge David R. Jones authorized Sneed Shipbuilding, Inc., to obtain
insurance premium financing from IPFS Credit Corporation.

Judge Jones approved the Premium Financing Agreement between the
Debtor and IPFS Credit Corporation, which provided for the
financing of the insurance premiums to be paid for the Debtor's
insurance policies.

IPFS Credit Corporation was granted a first and only priority
security interest in:

   (1) any and all unearned premiums and dividends which may become
payable under the financed insurance policies for whatever reason;
and
  
   (2) loss payments which reduce the unearned premiums, subject to
any mortgagee or loss
payee interests.

A full-text copy of the Order, dated Sept. 30, 2016, is available
at
http://bankrupt.com/misc/SneedShipbuilding2016_1660014_204.pdf

               About Sneed Shipbuilding

Sneed Shipbuilding, Inc., sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. S.D. Tex. Case No. 16-60014) on March 4,
2016.  The petition was signed by Clyde E. Sneed, president.

The Debtor is represented by Amber Michelle Chambers, Esq., Eric
Michael VanHorn, Esq., and Nicholas Zugaro, Esq., at McCathern,
PLLC.  The case is assigned to Judge David R. Jones.

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

The Office of the U.S. Trustee appointed five creditors of Sneed
Shipbuilding, Inc., to serve on the official committee of unsecured
creditors.  The committee members are: (1) Triple-S Steel Supply
Co.; (2) New Industries, L.L.C.; (3) NC Receivables Corporation;
(4) Contractors Building Supply Co., L.L.C.; and (5) Central Boat
Rentals, Inc.


SOTERA WIRELESS: Seeks Authorization to Use Cash Collateral
-----------------------------------------------------------
Sotera Wireless, Inc., and Sotera Research, Inc., ask the U.S.
Bankruptcy Court for the Southern District of California for
authorization to use cash collateral.

The Debtors are indebted to Prepetition Lenders, Silicon Valley
Bank and Oxford Finance LLC, in the amount of $13.1 million, plus
accrued and unpaid interest, fees and expenses.  To secure the
indebtedness, the Debtors granted the Prepetition Lenders with
security interests in and liens on substantially all assets and all
proceeds and products of the Debtors, except the Debtors'
intellectual property.

The Debtors want authorization to use cash collateral for working
capital and other general purposes in the ordinary course of their
businesses, including general administration costs, salaries, rent,
purchase of goods and other expenses incurred in their chapter 11
cases.

The Debtors' proposed Budget covers the period beginning on the
week beginning Sept. 30, 2016 and ending on the week beginning Dec.
23, 2016.  The Budget provides for total disbursements in the
amount of $699,000 for the week beginning Sept. 30, 2016; the
amount of $144,000 for the week beginning Oct. 7, 2016; $628,000
for the week beginning Oct. 14, 2016; $59,000 for the week
beginning Oct. 21, 2016; and $505,000 for the week beginning Oct.
28, 2016.

The Debtors propose to grant replacement liens to the Prepetition
Lenders on all property and assets of the Debtors, and all
proceeds, rents, or profits thereof, that were subject to the
Prepetition Liens.  They further propose to grant the Prepetition
Lenders with superpriority claims, to the extent that the aggregate
diminution in value of the Prepetition Lenders' interests in the
Prepetition Collateral, resulting from the use of Cash Collateral
reduces the value of the Adequate Protection Liens below the
outstanding balance of the Prepetition Obligaions.

A full-text copy of the Debtor's Motion, dated Sept. 30, 2016, is
available at
http://bankrupt.com/misc/SoteraWireless2016_1605968lt11_7.pdf

The Debtors are represented by:

          Victor A. Vilaplana, Esq.
          Marshall J. Hogan, Esq.
          FOLEY & LARDNER LLP
          3579 Valley Centre Drive, Suite 300
          San Diego, CA 92130
          Telephone: (858) 847-6700
          E-mail: vavilaplana@foley.com
                 mhogan@foley.com

                    About Sotera Wireless

Sotera Wireless, Inc., and Sotera Reseach, Inc., filed chapter 11
petitions (Bankr. S.D. Cal. Lead Case No. 16-05968-LT11) on Sept.
30, 2016.  The Debtors have requested the joint administration of
their cases.  The Debtors are represented by Victor A. Vilaplana,
Esq. and Marshall J. Hogan, Esq., at Foley & Lardner LLP.


ST. JAMES NURSING: Amends Application to Employ Berry Advisors
--------------------------------------------------------------
St. James Nursing and Physical Rehabilitation Center, Inc. has
filed with the U.S. Bankruptcy Court for the Eastern District of
Michigan an amended application to employ Berry Advisors, LLC.

St. James Nursing amended the application to remove its prior
request that the court waive the requirements that the firm track
time for services in tenth of an hour increments, and allocate time
in project categories.  It also disclosed information regarding the
slight delay in the filing of its initial employment application.

St. James Nursing and its affiliate MPMS St. James Real Estate
Acquisition LLC tapped the firm to be their expert witness in
connection with VPH Pharmacy's objection to the feasibility of
their Chapter 11 plan of reorganization.  

Berry Advisors will assess issues concerning the feasibility of the
plan and any objections thereto, and will provide deposition and
in-court testimony.  The firm will be paid for its services at
these hourly rates:

     Managing Director/Partner            $350
     Executive Director                   $275
     Senior Vice President                $225
     Analyst                              $175
     Paraprofessional                     $50

Berry Advisors does not represent any interest adverse to the
Debtors or their estates, and is a "disinterested person" as
defined in section 101(14) of the Bankruptcy Code, according to
court filings.

                     About St. James Nursing

St. James Nursing & Physical Rehabilitation Center Inc. sought
protection under Chapter 11 of the Bankruptcy Code (Bankr. E.D.
Mich. Case No. 16-42333) on February 22, 2016.  

On March 30, 2016, MPMS St. James Real Estate Acquisition, LLC
filed a Chapter 11 petition (Bankr. E.D. Mich. Case No. 16-44722).
Both petitions were signed by Bradley Mali, president.  

The cases are jointly administered and are assigned to Judge Thomas
J. Tucker.  The Debtors are represented by Michael E. Baum, Esq.,
at Schafer and Weiner, PLLC.  

At the time of the filing, St. James Nursing estimated assets of
less than $50,000 and debts of $1 million to $10 million.
Meanwhile, MPMS estimated assets of less than $500,000 and debts of
$1 million to $10 million.  

An official committee of unsecured creditors was appointed in St.
James' case but not in MPMS' case.


STEAK N SHAKE: S&P Affirms 'B-' CCR Over Cancelled Note Offering
----------------------------------------------------------------
S&P Global Ratings affirmed its 'B-' corporate credit rating on the
Indianapolis-based Steak n Shake Inc.  The outlook is stable.

S&P affirmed its 'B' issue-level rating to the company's senior
secured credit facility.  The recovery rating assigned to the
facility is 2, indicating S&P's expectation for substantial (70% to
90%, towards the higher end of the range) recovery for lenders in
the event of default or bankruptcy.  At the same time, S&P withdrew
the ratings on the previously proposed revolving credit facility
and senior secured notes, after the company canceled the offering.

The affirmation reflects S&P's negative view of Steak n Shake's
financial policy, despite the cancelation of the previously
proposed note offering.  S&P thinks the company canceled the
$400 million note offering because of unfavorable market conditions
and believe that the company intends to increase leverage at a
future date when market conditions improve.  Although the timing of
another attempt to leverage the company remains uncertain, S&P
believes the company's financial strategy will likely lead to
leverage higher than S&P's base-case projections.

Steak n Shake is a wholly-owned subsidiary of Biglari Holdings
Inc., a public company.  Steak n Shake accounts for more than 95%
of sales and almost all of Biglari's EBITDA.  Biglari Holdings has
no significant debt.  As such, credit measures have been generally
comparable for both entities and S&P views the credit profiles for
the two entities as synonymous.  Biglari's strategy has been to
reinvest cash generated by its operating subsidiaries into
acquisitions of other businesses, a trend S&P expects to continue.


SUBASHINI DANIEL: Expects to Exit Ch. 11 by February 2017
---------------------------------------------------------
Subashini Daniel filed a first amended disclosure statement
proposing to pay in full all allowed priority tax claims including
postpetition interest by March 1, 2021, her mortgage and all
postpetition payments as they become due, with any missed
prepetition payments and interest accrued thereon made after the
initial maturity date, with all other creditors to be paid within
six years.

The Debtor's vehicle lease will end by its terms in November 2016,
by which time the lease will have been brought current by the
Debtor.  The vehicle loan will be paid by postpetition payments
when due and the prepetition payments brought current by March 31,
2017.

The proposed effective date of the Plan is February 1, 2017.

A full-text copy of the First Amended Disclosure Statement dated
September 26, 2016, is available at:

         http://bankrupt.com/misc/16-47951-30.pdf

                        About Subashini Daniel

Subashini R. Daniel sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. N.D.N.Y. Case No. 16-60376) on March 22,
2016, and is represented by Richard L. Weisz, Esq., at Hodgson Russ
LLP, in Albany, New York.


TERENCE SCOTT HIGDON: Disclosure Statement Hearing on Nov. 1
------------------------------------------------------------
Terence Scott Higdon has filed a Disclosure Statement before the
U.S. Bankruptcy Court for the Middle District of Florida.  Judge
Jerry A. Funk has ordered that a hearing will be held on Nov. 1,
2016 at 2:30 p.m., in 4th Floor Courtroom D, 300 North Hogan
Street, Jacksonville, Florida, to consider and rule on the
Disclosure Statement and any objections or modifications and to
consider any other matter that may properly come before the Court.

The Chapter 11 case is In re Terence Scott Higdon, also known as
Terence S. Higdon (Bankr. M.D. Fla. Case No. 15-02506).



TEXAS PELLETS: Seeks Approval of Modified Pellets Agreement
-----------------------------------------------------------
Texas Pellets, Inc., and German Pellets Texas, LLC, ask the U.S.
Bankruptcy Court for the Eastern District of Texas to authorize
them to enter into a short-term Wood Pellet Sale and Supply
Agreement ("Pellets Agreement") with Louisiana Pellets, Inc. and
German Pellets Louisiana, LLC ("Seller") for the Buyer's purchase
of wood pellets for resale including but not limited to through the
Buyer's existing agreement for the Sale and Purchase of Biomass
with Drax Power, Ltd. dated March 29, 2012.

The Debtors have a relationship with their Louisiana counterparts,
the Seller. Part of that relationship includes an agreement for the
purchase by Debtors of wood pellets for resale including but not
limited to through Drax Agreement with Drax Power, as amended from
time to time.

On Sept. 20, 2016, the Debtors filed the Motion For Order
Authorizing Debtors To File Wood Pellet Sale And Supply Agreement
Under Seal ("Motion").

Since the filing of the Motion, negotiations have continued with
respect to the terms and conditions of the Pellets Agreement.
Certain minor modifications to such terms and conditions have been
agreed to by the Debtors and Seller. The Debtors seek approval by
the Court for the additional modifications for the reasons set
forth more fully in the previously filed Motion. The Supplement is
filed out of an abundance of caution to give notice of the
negotiated modifications.

A copy of the redline version of the Pellets Agreement attached to
the Supplement to the Motion is available for free at:

       http://bankrupt.com/misc/Texas_Pellets_212_Sales.pdf

The redline version of the Pellets Agreement reflecting the
modifications additionally sought to be approved is for review and
consideration by the Court in conjunction with the Motion. Certain
provisions in the redline Pellets Agreement have been redacted in
accordance with the Court's Order Granting Debtors' Motion.

The Debtors respectfully request that the Court enter an Order
granting the relief requested and provide such other relief as
appropriate and just.

                        About Texas Pellets

Texas Pellets, Inc., based in Woodville, Texas, filed a Chapter 11
petition (Bankr. E.D. Tex. Case No. 16-90126) on April 30, 2016.
The petition was signed by Anna Katherin Leibold, president and
chief executive officer.

German Pellets Texas, LLC, also based in Woodville, Texas, filed a
Chapter 11 petition (Bankr. E.D. Tex. Case No. 16-90127) on
April 30, 2016.  The petition was signed by Peter H. Leibold, its
chief executive officer.

The cases have been jointly administered under Texas Pellets'
case.

Judge Bill Parker presides over the cases.

The Office of the U.S. Trustee formed an Official Committee of
Unsecured Creditors.


TEXAS PELLETS: Seeks Approval of Services Agreement with Wailua
---------------------------------------------------------------
Texas Pellets, Inc., and German Pellets Texas, LLC ("GPTX"), ask
the U.S. Bankruptcy Court for the Eastern District of Texas to
authorize them to enter into an amended Management Services
Agreement ("MSA") with German Pellets, GmbH, and to enter into a
services agreement with Wailua Technology, Inc.

As the Court is aware, during the pendency of the case, management
services for the Debtors have been provided by approximately 25
personnel ("German Pellets GmbH Personnel") of German Pellets,
another company within the "German Pellets" family of companies.
Information technology, accounting and logistics support to the
Debtors have also been provided through German Pellets.

The Debtors' current management, including GPTX officers Frank
Ledermuller, CEO, and Norman Dittmar, CFO, have extensive
institutional knowledge based on their involvement with the
Debtors' wood pellets facility since its inception. Under the MSA,
German Pellets provides a variety of functions including supporting
the Debtors' legal counsel, providing needed information and
background to the Chief Restructuring Officer ("CRO"), and
supporting shipping, trading, logistics, and wood pellets
sustainability functions. Under the current MSA, German Pellets
receives $38,500 per week and up to $20,000 in monthly expense
reimbursements for carrying out these functions. The current MSA
expires Oct. 1, 2016.

Under the amended MSA, German Pellets will continue to provide
their industry experience and support shipping, trading, logistics,
and sustainability functions. German Pellets will also continue to
support the bankruptcy process and provide the records and
information necessary for the Debtors' reorganization. As a result
of the migration of a variety of functions under the Wailua
Services Agreement ("WSA"), Debtors propose amending the MSA to
provide $15,000 per week to German Pellets (a reduction of $23,500
per week) and a monthly expense reimbursement of no more than
$15,000 per month (a reduction of $13,500 per month).

Finally, the current MSA will remain in place under its existing
terms for the month of October in order to facilitate an orderly
transition. The amended MSA will officially commence effective as
of Nov. 1, 2016.

Wailua will generally provide IT support for the wood pellets
manufacturing facility and Port Arthur port facility. The WSA
includes one-time, estimated labor costs of $80,250 to effectuate a
carve-out to a standalone, IT platform, along with one-time
hardware and software purchases of approximately $54,958.
Additionally, Wailua will provide on-going IT support on for a fee
of $8,300 per month.

The Debtors submit that such cost is reasonable given the scope of
services provided and further note that the Wailua technology
efforts will afford the Debtors significant savings over the life
of the case by allowing the cost reductions on the German Pellets
MSA.

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

     http://bankrupt.com/misc/Texas_Pellets_214_Sales.pdf

The Debtors wish to note that the decision to enter into the
arrangements proposed was made by the CRO exercising his business
judgment.

Wailua Technology can be reached at:

          WAILUA TECHNOLOGY, INC.
          6120 West by Northwest Blvd, Suite 120
          Houston, TX 77040
          Telephone: (281) 679-0700

                     About Texas Pellets

Texas Pellets, Inc., based in Woodville, Texas, filed a Chapter 11
petition (Bankr. E.D. Tex. Case No. 16-90126) on April 30, 2016.
The petition was signed by Anna Katherin Leibold, president and
chief executive officer.

German Pellets Texas, LLC, also based in Woodville, Texas, filed a
Chapter 11 petition (Bankr. E.D. Tex. Case No. 16-90127) on
April 30, 2016.  The petition was signed by Peter H. Leibold, its
chief executive officer.

The cases have been jointly administered under Texas Pellets'
case.

Judge Bill Parker presides over the cases.

The Office of the U.S. Trustee formed an Official Committee of
Unsecured Creditors.



THOMAS MITCHELL FENTON: Unsecureds To Get 35% in Plan Distribution
------------------------------------------------------------------
Thomas Mitchell Fenton and Brielyn Rae Fenton filed with the U.S.
Bankruptcy Court for the Western District of Washington a
Disclosure Statement describing the Plan of Reorganization.

Under the Plan, Class 5 - Unsecured Claims with Allowed Claims
under $1,000 totals $4,227.  This Class includes the claim of (a)
Alaska USA: $66.97, (b) Capital One A: $868.43, (c) Capital One B:
$852.97, (d) Citibank: $170, (e) Opus Bank: $1000, (f) Planned
Parenthood: $300, and (g) Synchrony Bank A: $969.30  Class 5
creditors will receive a distribution of 35% of their allowed
claims distribution within 90 days of the Effective Date of the
Plan with a total estimated payout of  $1,479.68.

The Plan also identifies Class 6 - Unsecured Creditors with Allowed
Claims under $10,000 with a total allowed claims of $33,626.22.
Class 6 includes the claims of: (a) Bank of America: $3,500, (b)
Brand Source: $5,600, (c) Capital One C: $1,134.20, (d) Capital One
D: $2,371.23, (e) Home Depot: $2,300, (f) Les Schwab: $2,790.26,
(g) Puget Sound Collections: $1,377.58, (h) Seahawks Visa A:
$5,000, (i) Seahawks Visa B: $4,300, (j) Synchrony Bank B:
$3,554.81, and (k) Synchrony Bank C: $1,698.14.

The general unsecured creditors in Class 6 will be paid pro rata
$196.16 each month beginning on the 15th day of the first full
month following the effective date of the Confirmed Plan to end 60
months thereafter with a total estimated payout of  $11,769.17,
which is estimated to be 35% of their allowed claims.

In addition, the Plan also classifies the Unsecured Claim of Brian
and Trina Doheny under Class 7, who are insider of the Debtors,
claiming a total of $453,575.91. Class 7 will receive a monthly
payment of $1259.77 for a period of 72 months following the
effective date of the Confirmed Plan via direct auto payments, and
a balloon payment of $362,872.47 on or before the last day of the
72nd month from the effective date of the Confirmed Plan.

Payments under the Plan will be made from income and wages earned
through Fenton Consulting, LLC, the Debtors' wholly owned limited
liability company.  The source of payment for the balloon payment
due 6 years from the effective date of confirmation of the Plan to
Class 7 will be the sale or refinance of the Debtors' residence.

Upon confirmation of the Plan, property of the estate held by third
parties shall be turned over to the Debtors, which includes certain
personal property being held by Class 7 creditors Doheny.

A full-text copy of the Disclosure Statement dated September 14,
2016 is available at http://tinyurl.com/z4hodvg

              About Thomas Mitchell Fenton
                  and Brielyn Rae Fenton

Thomas Mitchell Fenton and Brielyn Rae Fenton filed a Chapter 11
petition (Bankr. W.D. Wash. Case No. 15-17409), on December 22,
2015. The Debtors are represented by Larry B. Feinstein, Esq. at
Vortman & Feinstein in 520 Pike Street, Suite 2250, Seattle, WA.


TJBC LLC: Seeks to Hire Kramer Holcomb as Special Counsel
---------------------------------------------------------
TJBC, LLC seeks approval from the U.S. Bankruptcy Court for the
Central District of California to hire Kramer, Holcomb & Sheik LLP
as its special counsel.

The Debtor tapped the firm to provide legal services in connection
with the sale of its assets to All Access Group, LLC, and to defend
the Debtor against the claims of creditor Greg Morris, who had
earlier blocked the sale.

Shahrokh Sheik, Esq., and John Holcomb, Esq., the attorneys
designated to represent the Debtor, will be paid an hourly rate of
$275.

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

The firm can be reached through:

     Shahrokh Sheik, Esq.
     Kramer, Holcomb & Sheik LLP
     1925 Century Park East, Suite 1180
     Los Angeles, CA 90067  
     Phone: (310) 551-0600
     Fax: (310) 551-0601
     Email: info@khslaw.com

                         About TJBC, LLC

TJBC, LLC sought Chapter 11 protection (Bankr. C.D. Cal. Case No.
16-19299) on July 13, 2016.  The Debtor estimated assets in the
range of $500,001 to $1 million and $100,001 to $500,000 in debt.
John-Patrick M. Fritz, Esq., at Levene Neale Bender Yoo Et Al
serves as the Debtor's counsel.  The petition was signed by Travis
Lester and Justin Safier, managers.


TRINITY RIVER: Taps Conway MacKenzie as Financial Advisor
---------------------------------------------------------
Trinity River Resources, LP seeks approval from the U.S. Bankruptcy
Court for the Western District of Texas to hire Conway MacKenzie,
Inc. as its financial advisor.

Conway will provide these services in connection with the Debtor's
Chapter 11 case:

     (a) support the efforts and role of the independent manager
         during the restructuring process;

     (b) provide oversight and assistance with the analysis and
         preparation of 13-week cash flow forecast, evaluate
         short-term liquidity requirements of the Debtor;

     (c) participate in meetings;

     (d) evaluate and make recommendations in connection with
         strategic alternatives as needed to maximize the value of

         the Debtor;

     (e) provide oversight and assistance with the preparation of
         analysis of creditor claims;

     (f) provide oversight and assistance with the evaluation and
         analysis of avoidance actions;

     (g) provide testimony in litigation or bankruptcy matters as
         needed;

     (h) provide oversight and assistance in connection with
         communications and negotiations with constituents; and

     (i) assist in the development of a plan of reorganization.

Conway intends to charge for its financial advisory services based
on the number of hours incurred at hourly rates ranging from $205
(paraprofessional) to $1,085 (senior managing director).

Jeffrey Huddleston, managing director at Conway, 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:

     Jeffrey N. Huddleston
     Conway MacKenzie, Inc.
     1301 McKinney Street, Suite 2025
     Houston, TX 77010
     Phone: (713) 650-0500
     Fax: (713) 650-0502
     Email: JHuddleston@ConwayMacKenzie.com

                 About Trinity River Resources

Trinity River filed a Chapter 11 bankruptcy petition (Bankr. W.D.
Tex. Case No. 16-10472) on April 21, 2016.  The petition was signed
by Matthew J. Telfer as manager of Trinity River Resources, GP,
LLC.  The Debtor estimated assets in the range of $50 million to
$100 million and liabilities of up to $500 million.

The Debtor has hired Chelsea Rose Dal Corso, Esq. and William A.
(Trey) Wood III, Esq., at Bracewell LLP as counsel, Bridgepoint
Consulting, LLC, as financial advisor, and Scotiabank as investment
banker.

Judge Tony M. Davis is assigned to the case.


TRITON FOODS: Trustee Taps Bicher & Associates as Field Agent
-------------------------------------------------------------
Rosendo Gonzalez, the Chapter 11 trustee, Triton Foods, Inc. seeks
approval from the U.S. Bankruptcy Court for the Central District of
California to hire Bicher & Associates.

The firm will serve as the trustee's field agent in connection with
the Debtor's Chapter 11 case, and will be paid an hourly rate of
$85.  

The services to be provided by the firm include assisting the
trustee in all banking, liaising, meeting with employees and
principals, and reviewing financial documents to identify assets of
the Debtor's estate.

Bicher Firm may also render services related to forensic accounting
review and preference analysis, if needed.  The Debtor proposes to
pay $195 per hour to Lori Ensley and $295 per hour to Robert Bicher
for those services.

Lori Ensley, an associate of Bicher, disclosed in a court filing
that the firm is a "disinterested person" as defined in section
101(14) of the Bankruptcy Code.

The firm may be reached at:

     Lori Ensley
     Robert F Bicher & Associates
     1220 Monte Vista Dr
     Redlands, CA 92373
     Tel: 909-793-8068

                    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.


TUL INVESTMENTS: Case Summary & 8 Unsecured Creditors
-----------------------------------------------------
Debtor: Tul Investments, Inc.
        17340 Magnolia Blvd.
        Encino, CA 91316

Case No.: 16-12869

Chapter 11 Petition Date: October 3, 2016

Court: United States Bankruptcy Court
       Central District of California (San Fernando Valley)

Judge: Hon. Maureen Tighe

Debtor's Counsel: Matthew Abbasi, Esq.
                  ABBASI LAW CORPORATION
                  8889 West Olympic Blvd., Suite 240
                  Beverly Hills, CA 90211
                  Tel: 310-358-9341
                  Fax: 888-709-5448
                  E-mail: matthew@malawgroup.com

Total Assets: $1,500

Total Liabilities: $2.30 million

The petition was signed by Yuval Stelmach, president.

A copy of the Debtor's list of eight unsecured creditors is
available for free at:

                 http://bankrupt.com/misc/cacb16-12869.pdf


UCI HOLDINGS: Files Revised Joint Plan of Reorganization
--------------------------------------------------------
BankruptcyData.com reported that UCI Holdings filed with the U.S.
Bankruptcy Court a Revised Joint Chapter 11 Plan of Reorganization
and related Disclosure Statement.  According to the Disclosure
Statement, "The Plan provides for the reorganization of the Debtors
under chapter 11 of the Bankruptcy Code.  If the Plan is confirmed
and consummated, the Debtors, as Reorganized Debtors, will emerge
from bankruptcy with a substantially deleveraged capital structure.
Under the Plan, (1) all existing equity interests in both UCI and
UCI Holdings will be extinguished and cancelled, (2) the Holders of
Prepetition ABL Credit Facility Claims will be Unimpaired, and
Holders of Prepetition ABL Credit Facility Claims will have such
Claims paid in full, in cash, and (3) 91% of the New Common Stock
of Reorganized UCI (with 5% reserved for the Management Equity
Incentive Plan and 4% for the Backstop Fee) will be distributed to
(a) the Holders of Senior Notes Claims in exchange for the
cancellation of their prepetition indebtedness, (b) General
Unsecured Claims not electing cash, and (c) parties participating
in the Rights Offering.  The Plan also provides for the
reinstatement or payment in full in Cash of Claims entitled to
administrative expense or priority status under the Bankruptcy
Code….Specifically, the Plan contemplates (i) a restructuring of
the Debtors through a debt-for-equity conversion of the Debtors'
outstanding Senior Unsecured Notes, (ii) the issuance of the New
First Lien Exit Facility, and (iii) unless the Debtors and the Plan
Sponsors elect otherwise, the issuance of a Second Lien Rights
Offering Facility or New Second Lien Exit Facility."

The Court scheduled a Dec. 6, 2016 hearing to consider the Plan,
with objections due by November 28, 2016, according to the Plan.

                   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.


UNITED METALS: Seeks to Hire Robert Bassel as Legal Counsel
-----------------------------------------------------------
United Metals Holding, LLC seeks approval from the U.S. Bankruptcy
Court for the Eastern District of Michigan to hire legal counsel in
connection with its Chapter 11 case.

The Debtor proposes to hire Robert Bassel, Esq., and pay him an
hourly rate of $300 for his services.

In a court filing, Mr. Bassel disclosed that he does not hold or
represent any interest adverse to the Debtor or its bankruptcy
estate, and is "disinterested" as defined in section 101(14) of the
Bankruptcy Code.

Mr. Bassel's contact information is:

     Robert Bassel, Esq.
     P.O. Box T
     Clinton, MI 49236
     Tel: (248) 677-1234
     Fax: (248) 369-4749
     Email: bbassel@gmail.com

                  About United Metals Holding

United Metals Holding, LLC sought protection under Chapter 11 of
the Bankruptcy Code (Bankr. E. D. Mich. Case No. 16-51251) on
August 11, 2016.  The petition was signed by Steven T. Silverstein,
member.  

The case is assigned to Judge Mark A. Randon.

At the time of the filing, the Debtor estimated assets of less than
$500,000 and liabilities of $1 million to $10 million.


UNIVISION COMMUNICATIONS: Fitch Affirms 'B' IDR, Outlook Stable
---------------------------------------------------------------
Fitch Ratings has affirmed Univision Communications Inc.'s (UVN)
Issuer Default Rating at 'B'.  Fitch has also affirmed UVN's senior
unsecured rating at 'CCC+/RR6' and upgraded its senior secured
rating to 'BB-/RR2'.  The upgrade is based on Fitch's expectations
of improved recovery prospects supported by Univision's EBITDA
expansion.

The Rating Outlook is Stable.  As of June 30, 2016, Univision had
approximately $9.1 billion of debt outstanding.

Fitch recognizes UVN's improved credit profile supported by
continued EBITDA growth; Grupo Televisa, S.A.B.'s (Televisa)
conversion of $1.125 billion of subordinated debentures to warrants
for the company's common stock; and UVN's refinancing activities,
which have reduced its average cost of debt.  Fitch also views
positively UVN's redemption of $415 million of the 8.5% senior
notes in the first half of 2016, which was funded with cash and
revolver borrowings and resulted in total debt being reduced by
roughly $300 million.

Two events could result in further deleveraging.  First, in July
2015 UVN filed an S-1 for a planned IPO.  The IPO continues to be
delayed due to weak market conditions, and Fitch expects execution
is unlikely in 2016.  Market expectations released last year
suggested the company could raise more than $1 billion, with
planned proceeds to be used for debt repayment per the S-1. Second,
UVN has filed an application to participate in the Broadcast
Spectrum Incentive Auction (BSIA).  Fitch believes UVN could
generate significant proceeds from the BSIA.  Fitch will revisit
the rating once final net IPO and BSIA proceeds and resultant debt
repayment amounts are finalized.  Fitch views any significant debt
repayment with IPO or BSIA proceeds as a positive for the company's
credit profile and would consider an upgrade if total leverage
falls below 6.0x.  Neither deleveraging event is necessary for UVN
to maintain its current ratings.

Fitch believes UVN's 'B' rating is accurate relative to its peers
given the risks overhanging the credit including its private equity
owners.  In addition, recent softness in top-line growth could
continue to delay UVN's IPO, which hampers its deleveraging
efforts.

The ratings reflect UVN's dominant market position in Hispanic
media, the still attractive demographic profile of the Hispanic
population, and Fitch's expectations that advertisers will continue
to grow advertising spend towards Hispanics.  Fitch expects that
increased competition in the Hispanic media segment could slow
UVN's core television advertising growth.  However, this will be
offset by anticipated growth in retransmission revenues, cable
affiliate fees and digital advertising revenues.

UVN benefits from its strengthened relationship with Televisa which
provides the company with exclusive access to Televisa's content
and results in lower programming costs.  Fitch views UVN's efforts
to invest in more localized content to supplement Televisa's
programming and enter into deals that leverage UVN's distribution
network as prudent, particularly to the extent that it targets the
younger, increasingly U.S. born Hispanic demographic.  Further,
Fitch views the diversification into digital as a long-term
positive for the company's credit profile as it provides some
offset to the long-term secular risk facing television
broadcasters.

                         KEY RATING DRIVERS

   -- Positive View on Hispanic Broadcasting: The positive view is

      driven by the U.S. Hispanic demographic's ongoing growth in
      numbers and spending power.  UVN benefits from a premier
      industry position, with duopoly television and radio
      stations in most of the top Hispanic markets and a national
      overlay of broadcast and cable networks.  The company's
      networks garner significant market share of Hispanic viewers

      and continue to generate strong ratings.  This large and
      concentrated audience provides advertisers with an effective

      way to reach the growing U.S. Hispanic population.

   -- Increased Competition in Hispanic Media: UVN's prime-time
      broadcast and cable network ratings have softened, driven by

      increased competition, particularly from NBC Universal (owns

      Telemundo, the second largest Hispanic TV broadcast
      network), the proliferation of other high-quality Hispanic
      media content, and the more secular impact of declining
      traditional television audiences.  However, UVN currently
      has incumbent advantage and dominant market presence.  Fitch

      expects these factors, along with its pipeline of Televisa's

      proven content and incremental investments in local content,

      to enable it to grow amid these increasing pressures.  Fitch

      believes the company's efforts to invest in content and
      garner new distribution deals as prudent, particularly to
      the extent that it targets younger English-speaking and
      second generation Hispanics.

   -- Digital Investment a Credit Positive: UVN's management is
      focused on creating scale in its digital segment.  Most
      recently, UVN acquired Gawker's digital media assets for
      $135 million.  UVN purchased a 40.5% stake in the comedy
      news website The Onion for $27.1 million in January 2016.  
      In 2015, UVN purchased the Root, an African-American news
      and culture website.  Fitch views the diversification into
      digital as a long-term positive for the company's credit
      profile as it provides some offset to the long-term secular
      risks facing television broadcasters.

   -- Retransmission Fees and Programming Costs: Fitch believes
      UVN's growth in high-margin retransmission revenue and cost
      management efforts will provide an offset to rising
      programing investments.  Long-term, Fitch believes positive
      operating leverage from top-line growth, specifically in
      high-margin retransmission revenue, will support continued
      content and digital investments, with EBITDA margins in the
      low 40% range.

   -- Improved Credit Metrics: UVN's total and secured leverage
      was 7.1x and 6.8x as of June 30, 2016, down from 8.8x and
      7.2x at year-end 2014.  Most of the reduction stems from
      Televisa's 2015 conversion of $1.125 billion of the holding
      company subordinated debentures into warrants for a new
      class of UVN's common stock that give (Televisa a 22% voting

      interest in UVN.  UVN also used cash to help fund the
      redemption of $415 million of UVN's 8.5% senior unsecured
      notes due 2021 in May 2016.  The resultant reduction in
      interest expense, combined with operating cash flow growth,
      has greatly improved UVN's FCF.  Fitch estimates that UVN
      generated $327 million in FCF for the last 12 months ended
      June 30, 2016, up from $40 million in 2015.

   -- Possible Deleveraging Events: There are two events that
      could result in further deleveraging.  First, UVN filed an
      S-1 for a planned IPO in July 2015.  Timing of the IPO
      remains uncertain and continues to be delayed due to weak
      market conditions.  Second, Univision has filed an
      application to participate in the BSIA.  Management has
      stated that proceeds from the IPO and BSIA would go towards
      further debt reduction.

                         KEY ASSUMPTIONS

Fitch's key assumptions within the ratings include:

   -- Mid-single digit growth in Media Networks (TV) in 2016 with
      low-single digit growth thereafter.  Low single digit growth

      in core TV advertising revenues reflects increased
      competition in the Hispanic media space.  Media Networks
      revenue growth will be supported by increases in
      retransmission fees, cable affiliate fees and digital
      revenues, as well as 'big soccer' tournaments during periods

      when they air.  Political advertising offers minimal upside
      every other year.

   -- Radio is expected to continue to experience low-to-mid
      single digit decline in revenues, reflecting Fitch's view
      for continued secular pressure.

   -- Fitch expects total EBITDA margin in the low 40% range.  
      This reflects the positive impact of growing, higher-margin
      retransmission revenues and higher other subscription fees
      offset by Fitch's expectation of increases in programming
      expenses in the Media Networks segment.  Fitch expects
      programming expenses increase as Univision supplements
      Televisa's programming with other programming from a third
      party or internally-produced by Univision.

   -- Fitch expects increased FCF generation driven by continued
      EBITDA growth, reduced interest expense due to the
      refinancing of higher-cost debt and the conversion of
      Televisa's subordinated debt into warrants for common stock,

      and the termination of the Sponsor Management Agreement and
      Televisa's Technical Assistance Agreement.

   -- Fitch assumes $1.2 billion in proceeds from IPO and BSIA
      will be used to repay debt.

                        RATING SENSITIVITIES

Positive: Fitch would consider an upgrade if total leverage falls
below 6.0x, and management demonstrates a willingness to remain at
this level.  Fitch expects deleveraging could occur through EBITDA
growth, as well as modest debt reduction from FCF and any potential
IPO or BSIA proceeds.

Negative: Negative ratings actions could occur if operating results
and FCF are materially lower than Fitch's expectations. This would
be contradictory to Fitch's constructive view on the Spanish
language broadcasting industry and Univision's positioning within
it and could indicate that the company is more susceptible to
secular challenges than previously anticipated.

                               LIQUIDITY

Fitch regards the company's current liquidity as adequate, with
modest maturities over the next couple of years.

As of June 30, 2016, liquidity consisted of $33 million in cash,
$530 million of availability under its revolving facility capacity,
and $162 million available under the accounts receivable
securitization facility (up to $400 million).  UVN has increased
free cash flow generation over the last 12 months, benefiting from
both operating cash flow growth and lower interest payments on
refinanced debt.  Fitch calculates FCF of $327 million for the last
12 months June 2016.  The company has manageable near-term
maturities with $159 million in term loan amortizations through
2019.  Fitch believes UVN can address these maturities with FCF.
UVN's accounts receivable securitization facility matures in 2018
($238 million outstanding).  Fitch expects that UVN will seek to
refinance its facility.

The company's next maturity hurdle comes in 2020 when $4.4 billion
in senior secured term loans become due.  Fitch believes UVN has
adequate access to the capital markets, as evidenced by its
opportunistic refinancing efforts over 2015, as well as the
company's recent amendment and extension of its revolving credit
facility.  Fitch did not include any proceeds from the planned IPO
or sale of broadcast spectrum into its liquidity analysis.

UVN's Recovery Ratings reflect Fitch's expectation that the
enterprise value of the company and, thus, recovery rates for its
creditors, will be maximized in a restructuring scenario (as a
going concern) rather than a liquidation.  Fitch estimates a
distressed enterprise valuation of $7.6 billion, using a 7.0x
multiple and a post-restructuring EBITDA of approximately $1.1
billion.  After deducting Fitch's standard 10% administrative
claim, Fitch estimates recovery for UVN's senior secured
instruments of 77%, which maps to the 71%-90% 'RR2' range and a
rating two notches above the IDR to 'BB-'.  Fitch believes recovery
prospects for UVN's senior secured instruments have improved,
driven by Fitch's revised expectation of higher going-concern
EBITDA.  The UVN senior unsecured notes have no expected recovery,
resulting in an 'RR6' and a rating two notches down from the IDR to
'CCC+'.

Fitch has upgraded these ratings:

Univision Communications, Inc.
   -- Senior secured to 'BB-/RR2' from 'B+/RR3'.

Fitch has affirmed these ratings:

Univision Communications, Inc.
   -- Issuer Default Ratings at 'B';
   -- Senior unsecured at 'CCC+/RR6'.


US VIRGIN ISLANDS WAPA: Fitch Cuts $131MM Rev. Bonds Rating to B+
-----------------------------------------------------------------
Fitch Ratings has downgraded the ratings on the following U.S.
Virgin Islands (USVI) Water and Power Authority (WAPA) revenue
bonds:

   -- $131,850,000 electric system revenue bonds series 2012A,
      2010A, 2010B, 2010C, 2003 to 'B+' from 'BB-';

   -- $96,800,000 electric system subordinated revenue bonds
      series 2007A, 2012B, 2012C to 'B' from 'B+'.

In addition, Fitch has removed the ratings from Rating Watch
Negative and assigned a Negative Rating Outlook.

SECURITY

The electric system revenue bonds are secured by a pledge of net
electric revenues and certain other funds established under the
bond resolution. The electric system subordinated revenue bonds are
secured by a pledge of net revenues that are subordinate to the
pledge securing the electric system revenue bonds. A default on the
subordinate lien bonds does not trigger a cross default on the
senior revenue bonds.

KEY RATING DRIVERS

PERSISTENTLY STRAINED LIQUIDITY: The rating downgrade reflects
WAPA's reduced capacity for timely repayment of outstanding debt
service obligations as evidenced by a persistent strain on
available liquidity. Liquidity pressures have been driven by
consistently low unrestricted cash reserves balances, the
continuation of high government receivables and high levels of
borrowing under the authority's available lines of credit.
Unrestricted cash has continued declining, falling from $10.9
million at fiscal year-end 2015 (fiscal year ended June 30, 2015) -
to just $2.1 million (equal to just four days of cash on hand)
through May 2016 based on interim financial results. Remaining
borrowing capacity under the lines of credit totals just $2
million.

LIMITED MARGIN OF SAFETY REMAINS: The Negative Outlook reflects
Fitch Ratings concern that capacity for continued payment is
vulnerable to further deterioration. Exacerbating WAPA's operating
pressure is a lawsuit initiated earlier this year by the
authority's former fuel supplier alleging failure to pay almost $25
million in fuel delivery charges. Moreover, Fitch expects that,
despite modest headway made recently in reducing receivables
attributable the USVI government (Issuer Default Rating of
'B+'/Negative Outlook), additional progress is increasingly
unlikely given the significant financial and economic pressures
confronting the USVI.

POWER SUPPLY DIVERSIFICATION: Fitch believes the authority's
ongoing efforts to diversify its power supply should ultimately
have a stabilizing impact on electric rates and declining sales
despite cost overruns and delays. WAPA is converting its oil-fired
generating plants to tri-fueled capability with liquefied petroleum
gas (LPG, or propane) as the primary fuel source initially. While
the authority has already completed the conversion of two
generating units on each island (St. Thomas and St. Croix) and
begun burning propane, recent project cost increases and delays in
project completion are a concern.

CONSTRAINED COST-RECOVERY MECHANISMS; RATE CASE PENDING: Electric
rates are regulated by the Virgin Islands Public Service Commission
(PSC), which has authorized cost recovery through both base rates
and a levelized energy adjustment clause (LEAC) for fuel and other
related costs. Delays inherent in both the regulatory process and
the recovery mechanism impair liquidity and limit financial
flexibility. Retail rates ($0.29/kwh) remain exceptionally high,
despite some moderation over the prior year driven by lower fuel
prices. A base rate increase requested in May 2016 that is
currently pending could improve the authority's margin of safety,
although there is no indication as to when the PSC will provide a
definitive ruling on the filing.

CHALLENGED SERVICE TERRITORY: The authority serves a geographically
and economically challenged territory largely dependent on tourism
and government employment. Strains related to the USVI's narrow
economy are compounded by the authority's exceptionally high
electric rates, declining sales, and per capita personal income
levels that approximate just half of the U.S. average.

RATING SENSITIVITIES

ADDITIONAL LIQUIDITY STRAINS: Any evidence of further reduced
capacity for timely repayment or a potential restructuring of
outstanding debt at the U.S. Virgin Islands Water and Power
Authority could result in further negative rating actions.

RATING STABILITY: Improved liquidity, as evidenced by higher
unrestricted cash balances and greater borrowing capacity under its
lines of credit, more timely receipt of payment from the USVI
government, base rate increases and the positive resolution of
pending litigation could provide some additional cushion over the
near-term and stabilize the current ratings.

CREDIT PROFILE

LIQUIDITY CONCERNS

WAPA's consistently low cash balances coupled with a persistent
reliance on borrowings under its bank lines of credit to fund
working capital remains a key credit concern for Fitch. The
authority currently maintains bank lines of credit from Banco
Popular of Puerto Rico (Long-Term Issuer Default Rating 'BB-') and
FirstBank of Puerto Rico that mature on June 25, 2017.
Approximately $18 million of the $20 million in total borrowing
capacity has been drawn upon.

WAPA also maintains a $15 million overdraft facility with FirstBank
as well as additional lines of credit to fund capital projects from
both banks totaling $13 million. Approximately $21.2 million of the
$28 million in available capacity under the additional lines has
been tapped. The authority's ability to secure an extension of the
lines of credit by one year is a departure from the three-year term
secured in 2013.

LEGAL ACTION INITIATED

WAPA's prior fuel supplier, Trafigura Trading LLC (Trafigura),
recently filed a complaint in district court alleging the authority
failed to pay an outstanding balance of almost $25 million for
prior fuel deliveries made during a portion of 2015.

WAPA changed fuel suppliers' midway through 2015 reportedly without
satisfying any portion of the amount owed to Trafigura. The balance
owed was a primary driver in a sizeable spike in accounts payable
to $74.6 million from $38.9 million exhibited in the authority's
preliminary unaudited financial results for fiscal 2015.

The authority's failure to satisfy the obligation is especially
concerning given its current strains on liquidity and continued
exposure to sizeable accounts receivables attributable to the USVI
government. After peaking at nearly $43 million at the close of
fiscal year-end 2015, periodic appropriations from the government
reduced the balance owed to a still sizeable $27.9 million as of
May 31, 2016. The USVI government's inability to further reduce the
balance owed, despite its receipt of $220 million from the sale of
the Hovensa oil refinery earlier this year, diminishes the
likelihood that any additional progress toward reducing the
receivable and paying Trafigura will result over the near-term.

WEAK FINANCIAL PERFORMANCE

The authority's financial profile has weakened further in recent
years, reflecting the confluence of inadequate cost recovery,
declining sales and the continued financial strain attributable to
overdue receivables from the government. Total government
receivables nearly doubled from $25.5 million in fiscal 2013 to
$46.9 million through Dec. 31, 2015.

Fitch calculated all-in debt service coverage declined to 0.83x in
fiscal year-end 2014, although with the inclusion of fuel tax
revenues, which are statutorily restricted for capex and any future
debt service related to new generation projects, coverage improves
to just under 1.2x. Liquidity, not including lines of credit
available for working capital, remained low with just 13 days cash
on hand at the close of fiscal 2014. Including the available lines
of credit, liquidity improved modestly but remained weak at 23 days
of liquidity on hand.

Cash flow and liquidity metrics remained largely unchanged in
fiscal 2015, despite the non-payment of nearly $25 million in fuel
costs to Trafigura. Total borrowing capacity under all available
lines, including one for overdraft protection, is almost completely
exhausted, further straining the authority's access to liquidity.
Cash flow after satisfying operating expenses and annual debt
service obligations through May 2016 appears positive, although
operating results are preliminary.

The authority recently (May 2016) submitted rate cases for both the
electric and water utilities that would have taken effect at the
start of fiscal 2016 if approved. However, the PSC voted in May
2016 to deny the rate case pending a review of the request by a
PSC-appointed hearing examiner. No further update on the filing or
a pending review of the filing has been made available.


USA SALES: Seeks to Hire M. Zubair Rawda as Accountant
------------------------------------------------------
USA Sales, Inc. seeks approval from the U.S. Bankruptcy Court for
the Central District of California to hire an accountant.

The Debtor proposes to hire M. Zubair Rawda, a certified public
accountant, to prepare financial reporting in connection with its
Chapter 11 case.  The proposed accountant will be paid an hourly
rate of $250.  

M. Zubair Rawda does not have interests adverse to the Debtor's
estate or any of its creditors, according to court filings.

M. Zubair Rawda's contact information is:

     M. Zubair Rawda
     1444 Aviation Boulevard, Suite 202b
     Redondo Beach, CA 90278
     Tel: 310-376-7864
     Fax: 310-376-0070
     Email: zubair@zr-cpa.com

                         About USA Sales

USA Sales, Inc., dba Statewide Distributors, Inc., filed for
Chapter 11 bankruptcy protection (Bankr. C.D. Calif. Case No.
16-14576) on May 20, 2016, estimating its assets and liabilities at
between $1 million and $10 million.  The petition was signed by
Claudia Ali, surviving spouse of Kabiruddin Karim Ali and 100
percent beneficiary.

Judge Mark S. Wallace presides over the case.

Daren M Schlecter, Esq., at the Law Office of Daren M. Schletcter,
APC, serves as the Debtor's bankruptcy counsel.


UTSA APARTMENTS 8: Plan Confirmation Hearing on October 7
---------------------------------------------------------
Judge Ronald B. King of the U.S. Bankruptcy Court for the Western
District of Texas approved the Disclosure Statement explaining the
Plan of Reorganization filed by Woodlark UTSA Apartments, LLC, and
UTSA Apartments, LLC, for UTSA Apartments 8, LLC, and its debtor
affiliates.

Judge King fixed October 7, 2016 at 10:00 a.m., as the hearing on
confirmation of the Plan.

Woodlark disclosed that on Sept. 8, the company and the plaintiffs
in Adv. No. 16-5047 agreed to enter a final judgment allowing the
sale of the interests of the Debtors and non-debtors in The
Reserve.

The Reserve, a student apartment complex located in San Antonio,
Texas, is owned by the Debtors and nine other Delaware limited
liability companies as tenant in common.

Woodlark's plan is based upon the sale to Vesper Acquisition Group
of The Reserve or the buyout of the Debtors' interests in the
property by Woodlark.

The plan will be funded virtually in toto from one of two sources.
Under Plan A, The Reserve will be sold to a third party for $33
million.  All allowed claims will be paid in full and any
remaining
proceeds will be distributed to TICs according to their ownership
interests in The Reserve.

Woodlark has prepared a disposition analysis based on a $33
million
sale, which shows an estimated distribution to the Debtors of
$268,322.  This number could increase if the Debtors successfully
challenge all or a portion of Woodlark's "asset disposition fee."
It will decrease, depending on how long it takes a sale to close,
the shortfalls during this period, and any attorneys' fees and
expenses Woodlark may be awarded.

A copy of the latest disclosure statement is available for free at
https://is.gd/cATK3X

           About UTSA Apartments 8

UTSA Apartments 8, LLC, et al., are tenants in common ("TICs"),
each holding fractional interests in The Reserve at UTSA.  The
Reserve is a student apartment complex serving the University of
Texas at San Antonio and located in Northwestern quadrant of San
Antonio.

UTSA Apartments 8, LLC, et al., sought Chapter 11 protection
(Bankr. W.D. Tex. Lead Case No. 15-52941) on Dec. 2, 2015.  

The TICs which have filed for protection under chapter 11 of the
Bankruptcy Code, have an ongoing dispute with Woodlark UTSA
Apartments, LLC which is the largest of the TICs and holds
approximately 21% of the ownership of The Reserve.  Woodlark was
the original promotor and is currently responsible for the
management of the apartment complex.

The Debtors are represented by Allen M. DeBard, Esq., at Langley &
Banack, Inc.


VANGUARD NATURAL: Misses $15M Payment Amid Sector Strain
--------------------------------------------------------
Harvard Zhang, writing for Bloomberg Brief, reported that the rally
in energy prices may not have come soon enough to help some U.S.
oil and gas producers, with Vanguard Natural Resources LLC joining
the rapidly growing list of companies that can't pay their debts on
time.

According to the report, Vanguard has said it is postponing a $15
million interest payment on its senior notes for 30 days to
preserve liquidity until banks have finished recalculating how much
it can borrow on its credit facility.  The Houston-based company
also hired Evercore Partners Inc. to find more capital, the report
said.  If it can't pay, Vanguard will add to the tally of this
year's defaults, which S&P Global Ratings said is running at the
fastest pace since 2009, the Bloomberg report said.

Oil and gas drillers continue to dominate the global list of
defaults globally this year with 73 issuers, or 56 percent of the
130 companies, the Bloomberg report said, citing an S&P report.

Vanguard's first-lien lenders granted a waiver, and the company
hired Evercore on Aug. 1 as a financial adviser to negotiate with
"new potential capital sources and other financial matters as
deemed necessary," the Bloomberg report cited a company statement.

The delay affects a payment due Oct. 3 on about $381.8 million of
senior notes due 2020, the report said.  Failure to pay at the end
of the grace period would amount to a default and could trigger
demands for repayment of the company’s other outstanding debts,
the report further cited Vanguard as saying.

                      *     *     *

The Troubled Company Reporter, on Aug. 22, 2016, reported that S&P
Global Ratings raised the corporate credit rating on Houston-based
exploration and production company Vanguard Natural Resources LLC
to 'CCC-' from 'SD'.  The outlook is negative.

S&P also raised the issue-level rating on the company's senior
unsecured debt to 'CCC-' from 'D', and revised S&P's recovery
rating to '4' from '5', indicating its expectation of an average
recovery (30% to 50%, lower half of the range) in the event of
default.


VENT ALARM: Needs Until January 2017 to File Reorganization Plan
----------------------------------------------------------------
Vent Alarm Corporation requests the U.S. Bankruptcy Court for the
District of Puerto Rico for a 120-day extension -- until January
19, 2017 -- of its Exclusivity Periods to file a Disclosure
Statement and Reorganization Plan, and to solicit acceptances that
will lead to the confirmation of the plan of reorganization.

The term granted by the Court was slated to expire Sept. 21, 2016,
but the Debtor is still continuing its negotiations with creditors
to file a plan "confirmed with the acquiescence of all creditors."

The Debtor tells the Court that it is still evaluating claims and
its records, together with its advisors, to determine whether
objections will be filed against the Department of Treasury of
Puerto Rico, among others.  The Debtor is in the gist of completing
essential information to file a self-contained Disclosure Statement
and Plan and finalizing negotiations with creditors.

In addition, the Debtor is compiling financial data to complete the
fiscal documents to support the Disclosure Statement and the terms
and financial projections of the reorganization plan.

The Debtor says it is complying with all DIP responsibilities:
monthly operating reports have been filed substantiating the
Debtor's course to a feasible reorganization plan.  The US Trustee
fees have also been paid by the Debtor.

                 About Vent Alarm Corporation

Vent Alarm Corporation, dba Valcor, aka Samcor Valcor, sought
Chapter 11 bankruptcy protection (Bankr. D.P.R. Case No. 15-09316)
on Nov. 24, 2015.  The Debtor's counsel is Alexis Fuentes
Hernandez, Esq., at Fuentes Law Offices, LLC, in San Juan, Puerto
Rico.  The Debtor has assets totaling $7.95 million and liabilities
totaling $7.55 million.  The petition was signed by Fernando Sosa,
president.


VICTOR DIAZ: Unsecureds To Be Paid in Full Up to 12 Months
----------------------------------------------------------
Victor M. Diaz filed with the U.S. Bankruptcy Court for the
District of Nevada a disclosure statement describing the Debtor's
plan of reorganization.

Class 2B, which consists of general unsecured creditors of the
Debtor, is unimpaired under the Plan.  All Class 2B creditors
having filed proofs of claims by April 2, 2015, or deemed to have
filed proof of claims, that are not disputed, contingent,
unliquidated, or otherwise approved by court order will be paid in
the full amount of their claim.  This dividend constitutes payment
of 100 cents per dollar of each class claim.  The Debtor will have
up to 12 months to pay Class 2B creditors in cash from the
effective date.

Payments and distributions under the Plan will be funded by the
investment property rents and the Debtor's wage income as
required.

The Disclosure Statement is available at:

           http://bankrupt.com/misc/nvb15-16671-63.pdf

The Plan was filed by the Debtor's counsel:

     Michael J. Harker, Esq.
     THE LAW OFFICES OF MICHAEL J. HARKER
     2901 El Camino Avenue, No. 200
     Las Vegas, NV 89102
     Tel: (702) 248-3000
     Fax: (702) 425-7290

Victor M. Diaz is an individual who is employed by MSPS Staffing
Inc and receives a biweekly paycheck.  The Debtor also receives
monthly rental income from an investment property located at 903
Vineyard Vine Way North Las Vegas, Nevada 89030, which is not
operated as an independent business entity.

The Debtor filed for Chapter 11 bankruptcy protection (Bankr. D.
Nev. Case No. 15-16671).


VICTORIA TEODORESCU: Oct. 26 Plan Confirmation Hearing
------------------------------------------------------
Judge Robert D. Drain of the U.S. Bankruptcy Court for the Southern
District of New York approved the disclosure statement explaining
Victoria Teodorescu's plan of reorganization and scheduled the
hearing to consider confirmation of the Plan, and any objections
thereto, for October 26, 2016 at 10:00 a.m. or such later date as
the Court may direct.

Objections, if any, to confirmation of the Plan must be filed with
the Bankruptcy Court so as to be received no later than 5:00 p.m.
on October 21, 2016.  Ballots must also be completed and returned
so as to be received no later than October 21.

The Debtor is represented by:

     Todd S. Cushner, Esq.
     GARVEY, TIRELLI & CUSHNER, LTD.
     50 Main Street, Suite 390
     White Plains, NY 10606

Victoria Teodorescu sought Chapter 11 protection (Bankr. S.D.N.Y.
Case No. 14-23450) in 2014.


WELLFLEX ENERGY: Unsecureds To Recover 3%-4% Under Liquidation Plan
-------------------------------------------------------------------
Wellflex Energy Solutions, LLC, filed with the U.S. Bankruptcy
Court for the Northern District of Texas a Disclosure Statement
explaining the Debtor's Chapter 11 Plan of Liquidation.

The Plan proposes that each holder of an Allowed Unsecured
(General) Claim will receive its pro rata share, with estimated 3%
to 4% recovery from the Net Cash, except to the extent that a
holder of an Allowed Unsecured (General) Claim agrees to different,
less favorable treatment.

The Debtor estimated that there are 97 holders Class 3 - Unsecured
(General) Claims in the approximate amount of $2,225,000.

The Plan provides for the liquidation of all of the Debtor's
remaining Assets and the distribution of all Net Cash to the
holders of Allowed Claims. Accordingly, the Debtor's estate and
Liquidating Agent believe that the Plan is feasible and that there
will not be any need, or even the potential, for further
liquidation or reorganization following confirmation of the Plan.

A full-text copy of the Disclosure Statement dated September 14,
2016 is available at http://bankrupt.com/misc/txnb16-41049-138.pdf

  About Wellflex Energy Solutions

Wellflex Energy Solutions, LLC dba Wellflex Acquisition Partners
fdba Arch Production Solutions, LLC filed a Chapter 11 petition
(Bankr. N.D. Tex. Case No. 16-41049), on March 13, 2016.  The case
is assigned to Judge Mark X. Mullin.  The Debtor's counsel is eff
P. Prostok, Esq. at Forshey & Prostok, LLP in 777 Main St., Suite
1290, Ft. Worth, TX.  At the time of filing, the Debtor had both
assets and liabilities estimated at $1 million to $10 million.  The
petition was signed by Nick Klaus, president.


WHITTEN FOUNDATION: Taps Lee Financial as Economic Advisor
----------------------------------------------------------
Whitten Foundation received approval from the U.S. Bankruptcy Court
for the Western District of Louisiana to hire Lee Financial
Services, LLC.

The firm will serve as claims evaluator and economic advisor in
connection with the Debtor's claim tied to the Deepwater Horizon
oil spill in the Gulf of Mexico.

As payment for the firm's services, Lee Financial will take 10% of
the amount it will receive as payment for the Deepwater Horizon
claim.  

Lee Financial does not have interest adverse to the Debtor's estate
or any of its creditors, according to court filings.

                    About Whitten Foundation

Whitten Foundation is a non-profit corporation that owns and
operates two apartment/condominium properties located in Lake
Charles and Baton Rouge in the State of Louisiana.  The Lake
Charles property is referred to as "Embers" and the Baton Rouge
property is referred to "Courtyard Orleans." A third property,
referred to as "Unit 9" is located at the Courtyard Orleans site
in Baton Rouge but it is a single condominium.

Whitten Foundation sought Chapter 11 bankruptcy protection (Bankr.
W.D. La. Case No. 15-20237) in Lake Charles, Louisiana, on March
31, 2015.  The Debtor estimated $10 million to $50 million in
assets and debt.

Judge Robert Summerhays presides over the case.  The Debtor has
tapped Gerald J. Casey, Esq., in Lake Charles, Louisiana, as its
counsel.

The U.S. trustee overseeing Whitten Foundation's Chapter 11 case
said it wasn't able to form a committee of unsecured creditors due
to insufficient number of creditors willing to serve on the
committee.


WISPER II: GTP Structures Objects to the Disclosure Statement
-------------------------------------------------------------
GTP Structures I, LLC, objects to the Disclosure Statement filed by
Wisper II, LLC, because it does not contain sufficient, accurate
information for an impaired creditor to make an informed decision
as to whether to vote for or against the Debtor's Plan of
Reorganization.

GTP, an unsecured creditor, complains that the Disclosure Statement
fails to provide sufficient financial information regarding its
historical operating costs, the status of its operations during the
time period in which it failed to comply with its contract with GTP
in making required monthly payments, and the resulting use of those
funds.

GTP further complains that the Disclosure Statement fails to
discuss the relationship between the Members and the Directors,
setting forth only the percentage of membership interest for its
members including the following:

  Ally Finance               40.33%
  NTCH West TN, Inc.          0.6%
  Broadband Properties Corp   8.9%

GTP tells the Court that, upon information and belief, Thomas P.
Farrell, the Chairman and Board/General Manager, is the owner of a
majority or all interest in Broadband Properties Corp. as well as
Educational Broadband Corporation. Lutti Heidelbaugh and Hines
Steinmann are representatives of Ally Finance, the holder of the
largest membership interest in the Debtor. There is no explanation
as to their positions with Ally Finance. This is important in that
both Ally Finance, Educational Broadband Corporation, and NTCH West
TN, Inc. are listed as secured creditors of the Debtor.

The Disclosure Statement fails to address potential fraudulent
conveyance and/or preference actions against its Members based upon
transfers of property of the estate prior to the filing of this
bankruptcy case, GTP further tells the Court.

According to GTP, the Debtor should provide information as to the
basis for the separate and various classes of unsecured claims
since the Debtor’s Disclosure Statement and Plan identify
different classes of unsecured claims without indication that they
are not similar.

          About Wisper II, LLC

Wisper II, LLC, filed for Chapter 11 bankruptcy protection (Bankr.
W.D. Tenn. Case No. 16-10594) on March 29, 2016.  The petition was
signed by Thomas P. Farrell, general manager.

The Debtor is a Tennessee limited liability company which is in the
business of providing wireless internet access service to customers
in a large area of West Tennessee.  Its principal place of business
is at 1378 N. Cavalier Drive, Alamo, Tennessee 38001.  

The Debtor's principal assets consist of its customer accounts,
leasehold interests relating to tower leases and ownership of
towers, and equipment related to providing wireless internet
service.

The Debtor is the successor to a Tennessee Limited Liability
Company Wisper, LLC, formed on Sept. 21, 2009.  It filed for
Chapter 11 bankruptcy protection in 2013.  On Jan. 27, 2014, the
Court confirmed a Plan of Reorganization filed by certain
creditors.  Pursuant to the confirmed Plan, Wisper II was formed
and certain unsecured creditors converted all or part of their
unsecured claims into membership interests in Wisper II.  Wisper II
started its operations on Feb 5, 2014.

The Debtor is represented by Michael P. Coury, Esq., at Glankler
Brown PLLC.  The case is assigned to Judge Jimmy L. Croom.

The Debtor 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 Chapter 11 case of Wisper II, LLC.


                            *********

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
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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
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