TCR_Public/161007.mbx          T R O U B L E D   C O M P A N Y   R E P O R T E R

              Friday, October 7, 2016, Vol. 20, No. 280

                            Headlines

213 THAMES: Can Use $9K Cash Collateral for October 2016
24201 HIGHLANDER: Seeks to Hire Abbasi as Legal Counsel
261 EAST 78 LOFTS: Plan Payments to Be Funded by $20-Mil. Sale
36-60 ROUTE 303: Sale of Valley Cottage Property for $2.5M Approved
ABACO ENERGY: S&P Lowers CCR to 'CCC'; Outlook Negative

AF-SOUTHEAST: Seeks to Hire PwC as Tax Consultant
AMERICAN GILSONITE: Moody's Lowers CFR to Ca; Outlook Stable
ARCH COAL: Completes Financial Restructuring, Exits Chapter 11
ARKANSAS CITY PBC: Moody's Hikes Lease Rental Bonds to B1
ATNA RESOURCES: Stipulates With Small Mine on $5.7M CLaim

BASS PRO: Moody's Puts Ba3 CFR on Review for Downgrade
BEAR CREEK PARTNERS II: Has Until Nov. 30 to Use Cash Collateral
BELDEN INC: Moody's Assigns Ba3 Rating on EUR200MM Note Issuance
BONANZA CREEK: Promotes S. Fenoglio to Principal Financial Officer
BRUCE PITT: Unsecureds to be Paid Pro Rata in 5 Years Under Plan

BURKEEN TRUCKING: U.S. Trustee Unable to Appoint Committee
CAESARS ENTERTAINMENT: Enters Into RSAs with Major Creditor Groups
CARDTRONICS INC: Moody's Puts Ba2 CFR Under Review for Downgrade
CARWASHER INC: Taps Acquisitions Businesses as Broker
CHOICE HEALTH: Wants to Use McKesson Medical-Surgical Cash

CHRISTOPHER RIDGEWAY: Disclosures OK'd; Plan Hearing on Nov. 2
CJ HOLDING: North Dakota Court Cancels Jury Trial in "Lindsey"
CLARK ATLANTA: Moody's Affirms Ba2 Issuer Rating
CLUB VILLAGE: Taps Korte & Wortman as Special Counsel
COMMUNICATION SALES: Proposed Structure No Impact on Moody's CFR

CONSOLIDATED MINERALS: S&P Raises CCR to 'CCC+'; Outlook Negative
CORINTHIAN COLLEGES: Firm Must Show Why Appeal Must Not Be Junked
CREDITORS SPECIALTY: M. Taing Directed to File Status Report
CRYOPORT INC: Extends Tender Offer Until Oct. 21
DAILY HAVEN: Seeks Authorization to Use Rialto Cash Collateral

DELCATH SYSTEMS: Prices Public Offering of Common Stock & Warrants
DELIVERY AGENT: Seeks to Hire Epiq as Administrative Advisor
DELIVERY AGENT: Seeks to Hire Houlihan as Investment Banker
DENNIS EDWARDS: Amends Plan Outline Over Deals With 3 Creditors
DIFFERENTIAL BRANDS: Sets Annual Stockholders Meeting for Nov. 7

DREAMWORKS ANIMATION: S&P Withdraws 'B-' Issue-Level Rating
DYNEGY INC: Reaches Restructuring Agreement with Genco Bondholders
EDGARDO ACEVEDO: Unsecureds to Get 6% Recovery Under Ch. 11 Plan
EDWARD STAY: Plan Receiver Selling Shoreline Property for $1.2M
ELEPHANT TALK: Sold $270,000 Worth of Preferred Shares

ELITE RESEARCH: Case Summary & 20 Largest Unsecured Creditors
ELIZABETH ARDEN: M&G Investment No Longer a Shareholder
ENERGEN CORP: S&P Affirms 'BB' CCR; Outlook Remains Stable
ENTERPRISE CLOUDWORKS: Debt-to-Equity Plan Has 20% for Unsecureds
ENTERPRISE CLOUDWORKS: Targeting Mid-November Confirmation of Plan

FERRELLGAS PARTNERS: Moody's Lowers CFR to B2, Outlook Negative
FILIP TECHNOLOGIES: Smartwatch Developer Files for Bankruptcy
FREEFALL ADVENTURES: Sale Beech Airplane to Robair Approved
GABEL LEASE: Case Summary & 20 Largest Unsecured Creditors
GARDEN FRESH RESTAURANT: Wants to Get $3.5-Mil. DIP Facility

GARDEN FRESH: Expects Chapter 11 Exit by Dec. 5
GBD 40 LLC: Taps Simbro & Stanley as Legal Counsel
GLOBAL MARITIME: Liquidating Plan Based on Francolin Settlement
GM OILFIELD: Case Summary & 19 Largest Unsecured Creditors
GO YE VILLAGE: Asks Court to Extend Plan Filing Period Thru Dec. 25

GREATER BETHLEHEM: Church to Pay BMO From Sale of Properties
GREEN GREASE: Court OKs Disclosures, Confirms Reorganization Plan
GREGORY REDFORD: Disclosures OK'd; Plan Hearing on Oct. 20
GULF PAVING: Seeks to Hire Michael Kayusa as Special Counsel
HALCON RESOURCES: Hires Deloitte Tax LLC as Tax Services Provider

HAMPSHIRE GROUP: Obtains Forbearance Extension Until Nov. 21
HARBORVIEW TOWERS COUNCIL: Seeks Extension of Plan Filing Period
HECK INDUSTRIES: Sale of Assets to Bayou for $550K Approved
HOLSTED MARKETING: Wants Dec. 5 Exclusive Plan Filing Extension
HORSEHEAD HOLDING: Equity Panel Retains Bifferato as Counsel

IHEARTCOMMUNICATIONS INC: Gets Requisite Okay to Amend Indenture
IMS HEALTH: S&P Removes 'BB+' Rating from CreditWatch Positive
INTERPACE DIAGNOSTICS: Obtains $1.2M Financing from SCM Specialty
INTERPACE DIAGNOSTICS: Two Directors Resign from Board
INTRAWEST RESORTS: Moody's Retains B2 CFR on Loan Repricing

INTREPID POTASH: Obtains Debt Waiver Extension and Amendment
ITT EDUCATIONAL: Retains A&G Realty, Tiger Capital to Sell Assets
JELD-WEN INC: Moody's Affirms B1 CFR, Outlook Stable
JOSEPH JASKOT: Plan Confirmation Hearing on Nov. 7
K&N PARENT: Moody's Assigns B3 CFR, Outlook Stable

KAMA MANAGEMENT: Case Summary & 4 Unsecured Creditors
KLAMON LLC: Has Until Nov. 18 to File Plan of Reorganization
KLEEN LAUNDRY: Unsecured Creditors to Get 21.615% Under Ch. 11 Plan
KRONOS INC: S&P Affirms 'B-' CCR on Refinancing
LA4EVER LLC: Seeks Continued Use of Southport Cash Collateral

LEWIS WEBBER TIRE: Taps Jason A. Burgess as Legal Counsel
LIFE CHANGE: U.S. Trustee Unable to Appoint Committee
LUMIRAM DEVELOPMENT: Sale of Larchmont Property for $2.5M Approved
MALIBU LIGHTING: Court Extends Plan Filing Period to Jan. 4
MANUS SUDDRETH: Unsecureds To Get $10K 12 Mos. After Effective Date

MARION AVENUE: Seeks to File Bankruptcy Plan by Oct. 31
MARRONE BIO: Regains Compliance with NASDAQ Listing Rule
MASTROIANNI BROS: Retains CRG, Auction on Dec. 1
METROPOLITAN BAPTIST: Plan Outline to be Heard on Nov. 11
MORSCO INC: Moody's Assigns B2 Corporate Family Rating

MULTIMEDIA PLATFORMS: Files for Ch. 11, To Pursue Avoidance Suits
MURPHY ENERGY: Seeks Bankruptcy Protection
MYPLAY DIRECT: U.S. Trustee Unable to Appoint Committee
NEXXLINX CORP: Creditors Committee Hires Bryan Cave as Counsel
NISKA GAS: Moody's Assigns Caa1-PD CFR & Changes Outlook to Pos.

NJOY INC: Hires Upshot Services as Claims & Noticing Agent
NOBLE ENVIRONMENTAL: Taps American Legal as Administrative Advisor
NOBLE ENVIRONMENTAL: Taps Morgan Lewis as Legal Counsel
NOBLE ENVIRONMENTAL: Taps Young Conaway as Co-Counsel
NOBLE ENVIRONMENTAL: U.S. Trustee Unable to Appoint Committee

NORMAN MCMAHON: Sale of Sewell Property for $175K Approved
NORTH GATEWAY CORE: Nov. 9 Disclosure Statement Hearing
NORTH GATEWAY CORE: Unsecureds to Be Paid in 1-Yr Plus Interest
OAK HOLDINGS: S&P Assigns 'B+' CCR; Outlook Stable
PACIFIC 9: Committee Taps Armory Consulting as Financial Advisor

PACIFIC SUNWEAR: Hires Connolly & Finkel as Real Estate Counsel
PANAMA CITY INVESTMENTS: Taps Full Sail Realty as Broker
PARAMOUNT RESOURCES: Moody's Hikes Corporate Family Rating to B3
PEABODY ENERGY: Court Stays "Lynn" Pending Ruling on Dismissal Bid
PETER CARSON CLARK: 9th Cir. Affirms Dismissal of RICO Claim

PHD GROUP: S&P Affirms 'B-' CCR & Revises Outlook to Negative
PORTILLO'S HOLDINGS: Moody's Affirms B3 Corporate Family Ratings
POSTMEDIA NETWORK: S&P Lowers Corporate Credit Rating to 'SD'
PRIME GLOBAL: Terminates Tenancy Agreement with BJ Bentong
PROFESSIONAL DIVERSITY: Signs Employment Agreement with CEO

QVL PHARMACY: Secured Creditors to Get Paid 10 Days After Plan OK
R&M GENERAL: Seeks to Hire John Turner as Real Estate Appraiser
RELIABLE RACING: Court Allows Interim Use of Cash Until Oct. 4
RENNOVA HEALTH: Seamus Lagan Reports 11% Stake as of Sept. 21
RICK KHOMAL BENISASIA: Hearing on Plan Disclosures on Nov. 8

ROCK CREEK: Owes Nearly $3.7 Million to Laywers
RONALD MARINO: Unsecureds to Get Pro Rata Recovery Under Plan
RP BROADCASTING: Wants to Use Chaparral Broadcasting Cash
SAM BASS ILLUSTRATION: Seeks Court Approval to Use Cash Collateral
SAM BASS: Court Official Announces Plan to Form Committee

SANDRIDGE ENERGY: Exits Chapter 11 Bankruptcy Process
SCOTT A. BERGER: Wants 90-Day Plan Filing Period Extension
SEACREST EQUITIES: Plan Gives Unsecured Creditors $25,000
SED INTERNATIONAL: Taps Finley Colmer for Management Services
SMILES AND GIGGLES: Asks Court OK to Use Regions Cash Collateral

SUPERIOR LINEN: Seeks Approval of RD VII Cash Collateral Deal
SUPERIOR LINEN: Wants $860K DIP Financing from RD VII
T3 MOTION: Appoints New Auditors and Announces Future Plans
TCEH CORP: S&P Assigns 'BB-' CCR & Rates $2.85BB Term Loan 'BB+'
THE TAX DOCTORS: Combined Hearing on Plan & Plan Outline on Nov. 3

TREND COMPANIES: Has Until Nov. 30 to File Plan of Reorganization
TROLLEY ROCK: Court OKs Nov. 15 Exclusivity Period Extension
TTJ ENTERPRISES: Disclosures OK'd; Plan Hearing Set For Nov. 9
UCI INTERNATIONAL: Files Revised Joint Plan of Reorganization
VIRTU FINANCIAL: Moody's Assigns Ba3 CFR; Outlook Positive

VIVA INVESTMENTS: Unsecureds To Be Paid $5,000 Under Plan
WARREN RESOURCES: Exits Chapter 11 Bankruptcy Process
WENNER MEDIA: Moody's Affirms B3 Corporate Family Rating
WESTPORT HOLDINGS: Taps Stichter Riedel as Legal Counsel
WHITESBURG REALTY: Unsecureds To Get 25% of Net Profits

WIRECO WORLDGROUP: Moody's Hikes Corporate Family Rating to B3
XCEL DEVELOPMENT: Case Summary & 7 Unsecured Creditors
YESHIVA OHEL MOSHE: Has Full-Payment Plan; Interest Rate Disputed
[*] Birch Lake Holdings, LP, Is Now Open for Business
[^] BOOK REVIEW: Lost Prophets -- An Insider's History


                            *********

213 THAMES: Can Use $9K Cash Collateral for October 2016
--------------------------------------------------------
Judge James J. Tancredi of the U.S. Bankruptcy Court for the
District of Connecticut authorized 213 Thames, Inc., to use cash
collateral on an interim basis.

The approved Budget provided for total expenses in the amount of
$9,128 for the month of October 2016.

Judge Tancredi acknowledged that the use of cash collateral,
consisting of cash generated from rental payments from its
properties, is essential to the Debtor's business and operations.
He further acknowledged that without the use of cash collateral,
the Debtor will suffer harm and be forced to terminate operations
and abort any chance for successful reorganization.

The Debtor's secured creditors, which claim an interest in the cash
collateral are (1) Dime Savings Bank; and (2) RCN Capital, LLC.

Dime Savings Bank and RCN Capital are each granted replacement
liens in all of the Debtor's after-acquired property, of equal
extent and priority that they each enjoyed with regard to the said
property as of the Petition Date.

The Debtor is authorized and directed to make an adequate
protection payment to Dime Savings Bank in the amount of $500, for
the month of July 2016.  The Debtor is further directed to make
monthly adequate protection payments to RCN Capital in the amount
of $300.

A hearing on the continued use of cash collateral is scheduled on
Oct. 20, 2016 at 2:00 p.m.

A full-text copy of the Order, dated Oct. 3, 2016, is available at

http://bankrupt.com/misc/213ThamesInc2015_1521002_142.pdf

                    About 213 Thames, Inc.

213 Thames, Inc., filed a chapter 11 petition (Bankr. D. Conn. Case
No. 15-21002) on June 5, 2015.  The petition was signed by John
Syragakis, president.  The Debtor is represented by Peter L.
Ressler, Esq., at Groob Ressler & Mulqueen.  The Debtor estimated
assets at $100,001 to $500,000 and liabilities at $50,001 to
$100,000 at the time of the filing.



24201 HIGHLANDER: Seeks to Hire Abbasi as Legal Counsel
-------------------------------------------------------
24201 Highlander Road, LLC seeks approval from the U.S. Bankruptcy
Court for the Central District of California to hire Abbasi Law
Corp. as its legal counsel.

The services to be provided by the firm include advising Highlander
regarding its duties as a debtor and preparing a Chapter 11 plan of
reorganization.  The firm's discounted hourly rates are:

     Attorneys     $350
     Paralegal      $50
     Law Clerk      $25

Abbasi does not hold or represent any interests adverse to the
Debtor's estate, according to court filings.

The firm can be reached through:

     Matthew Abbasi, Esq.
     Abbasi Law Corp.
     8889 West Olympic Boulevard, Suite 240
     Beverly Hills, CA 90211
     Tel: (310) 358-9341
     Fax: (888) 709-5448
     Email: matthew@malawgroup.com

                  About 24201 Highlander Road

24201 Highlander Road, LLC sought protection under Chapter 11 of
the Bankruptcy Code (Bankr. C.D. Cal. Case No. 16-12689) on
September 14, 2016.  The petition was signed by Anthony Nowaid,
manager.  

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


261 EAST 78 LOFTS: Plan Payments to Be Funded by $20-Mil. Sale
--------------------------------------------------------------
261 East 78 Lofts LLC has filed a Chapter 11 plan that proposes to
pay off claims from the proceeds of the sale of its six-story
medical office building in New York.

The Plan is predicated on a sale of the Debtor's property, together
with an assignment of the existing commercial leases.  The specific
time, terms and conditions of the sale will be established at a
future date by the Bankruptcy Court to a bidding procedures order
to be entered on notice to all creditors after a suitable "stalking
horse buyer" is designated by the Debtor.  The Property is being
marketed by Eastern Consolidated.

The Debtor says it is seeking a purchaser for the Property in the
range of $20 million or more.

The Property is encumbered by two disputed mortgage liens, in the
aggregate principal amount of $10,000,000, held by SDF85 78th
Street 1 LLC and SDF85 78th Street 2 LLC, affiliates of Madison
Realty Capital (collectively, the "Madison Capital Lenders").
There is also a disputed mortgage lien asserted by Joseph Zelik in
the principal amount of $1,750,000, and tax liens held by New York
City and by Bank of New York Mellon as Collateral Agent and
Custodian as assignee of New York City in the amount of
approximately $860,000.  

Unsecured claims largely consist of security deposits and unfunded
work letters totaling approximately $600,000.  The Plan is designed
to provide a mechanism for selling the Property at fair market
value and then distributing the net proceeds of sale to the holders
of allowed claims based upon the priority scheme established under
the Bankruptcy Code.

In an effort to minimize litigation, the Plan provides a proposed
settlement option in favor of the Madison Capital Lenders of either
(i) accepting a total payment of $14,533,333 at closing
(anticipated to be no later than Jan. 31, 2017), representing the
outstanding mortgage debt, with interest at a proposed settlement
rate of 16% per annum (instead of 24%) retroactive to the date of
the alleged default on March 1, 2014; or (ii) litigating the
validity, extent and scope of the alleged mortgage indebtedness,
with all disputed amounts to be held in escrow pending a
determination by the Bankruptcy Court of the Debtor's objections.

The Debtor and the Madison Capital Lenders have had preliminary
negotiations, which are expected to continue during the
confirmation process.  At this point, there is no definitive
agreement, although the Debtor believes that the settlement
proposal contained in the Plan is in line with the Debtor's
settlement position.

All surplus proceeds after payment of allowed claims shall be
retained by the Debtor for distribution to Lee Moncho as the only
legitimate member and equity holder of the Debtor.  Chaim Miller
and Chun Peter Dong have asserted highly disputed claims as equity
interest holders.  Their interests will also be litigated while the
sale and confirmation process moves forward.

To maximize the Debtor's ability to qualify for a transfer tax
exemption, final approval of the Sale will be sought prior to the
confirmation hearing on the Plan, with a closing on the Sale to
occur after the confirmation hearing as required by 11 U.S.C. Sec.
1146(a).

Under the Plan, to the extent that the proceeds are sufficient to
pay unsecured debt, each holder of an allowed unsecured general
claim shall receive a cash dividend on the closing date equal to
the amount of its allowed unsecured claim, or a pro rata portion
thereof.  The class is impaired.  The general unsecured claims are
entitled to vote on the Plan, because although the Debtor believes
that the Property has sufficient equity to pay the claims, the
Debtor cannot guaranty payment in full.

Lee Moncho is recognized as the sole equity interest holder of the
Debtor and the only person eligible to receive the surplus proceeds
and recoveries from causes of action, if any, after payment in full
of administrative expense claims, and allowed secured and unsecured
claims.

A copy of the Disclosure Statement is available for free at:

  http://bankrupt.com/misc/nysb16_11644_16_DS_261_East.pdf

The Debtor's attorney:

         Goldberg Weprin Finkel Goldstein LLP
         Attn: Kevin J. Nash
         1501 Broadway, 22nd Floor
         New York, New York 10036
         Facsimile: (212) 422-6836
         E-mail: KNash@GWFGlaw.com.

                    About 261 East 78 Lofts

261 East 78 Lofts LLC owns a six-story medical office building at
261 East 78th Street, New York.

261 East 78 Lofts LLC sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. S.D.N.Y. Case No. 16-11644) on June 3,
2016.  The petition was signed by Lee Moncho, manager.  

The case is assigned to Judge Sean H. Lane.

At the time of the filing, the Debtor disclosed $20.05 million in
assets and $13.96 million in liabilities.

The Debtor tapped Goldberg Weprin Finkel Goldstein LLP as
bankruptcy counsel.  The Debtor also engaged Eastern Consolidated
as broker in connection with the sale of the Debtor's property.


36-60 ROUTE 303: Sale of Valley Cottage Property for $2.5M Approved
-------------------------------------------------------------------
Judge Robert D. Drain of the U.S. Bankruptcy Court for the Southern
District of New York authorized 36-60 Route 303 Associates, LLC's
private sale of real property located at 36-60 Route 303, Valley
Cottage, New York, to Konstantinos Paxos or an entity of which he
is a member, for of $2,450,000.

The sale of the property is free and clear of any and all liens,
claims, encumbrances and other interests.

In connection with and upon the closing of the sale of the property
under the Purchase and Sale Agreement ("PSA"), the Debtor is
authorized to assume and assign to purchaser each of the
nonresidential real property leases between the Debtor, as
landlord, and these entities, as tenant: Precision Gunsmith, LLC,
Hesper Realty Inc., V&A Rest. Inc., Winky Dink Ink Corp., 303
Restaurant LLC, Elite Fitness Training Center, Inc., and Subway
Real Estate, LLC.

The Debtor will pay, at the closing of the sale under the PSA, (i)
the amount of $2,000,000 to Amalfi Realty, LLC pursuant to the
Stipulation and Order entered on Sept. 21, 2016, (ii) the full
amount of the allowed claim of County of Rockland, New York,
representing real estate taxes, and (iii) ordinary course closing
and title costs.

In the event that any dispute arises with respect to the amount of
any such payment, the Purchaser's title company will be authorized
to hold the disputed amount(s) in escrow pending agreement by the
parties or determination of the dispute by the Court; provided,
that the setting aside of such funds in escrow will not in any way
impair the Debtor's transfer of title to the Purchaser free and
clear of all liens pursuant to the PSA.

In the event that Purchaser fails to close on the sale in
accordance with the terms of the PSA and the Order, through no
fault of the Debtor, the Purchaser's deposit will be forfeited to
the Debtor's estate, and the Purchaser waives any and all rights to
object to or otherwise seek recovery of said forfeited deposit.

The 14-day stay under Bankruptcy Rules 6004(h) and 6006(d) are
waived, for cause, and the Debtor is authorized to immediately
close on the sale pursuant to the PSA.

                 About 36-60 Route 303 Associates

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

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

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

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

The petition was signed by Martin Tenenbaum, managing member.


ABACO ENERGY: S&P Lowers CCR to 'CCC'; Outlook Negative
-------------------------------------------------------
S&P Global Ratings lowered its corporate credit rating on
U.S.-based Abaco Energy Technologies LLC to 'CCC' from 'CCC+'.  The
outlook is negative.

At the same time, S&P lowered its issue-level rating on the
company's first-lien debt to 'CCC' from 'B-', and revised the
recovery rating to '3' from '2', indicating S&P's expectation of
meaningful (50% to 70%, lower half of the range) recovery in the
event of a payment default.

"The downgrade reflects our assessment of the company's high
interest and amortization costs, which will continue to be a burden
on liquidity, despite an equity infusion from its investors
completed earlier this year," said S&P Global Ratings credit
analyst Michael Tsai.  "We believe the company's financing costs,
which are higher than our projected EBITDA for 2016, present
considerable risk," he added.

Although S&P expects 2017 revenues and EBITDA for Abaco to grow
significantly as drilling activity returns with higher oil prices,
our projections show cash flows will still be insufficient to meet
its debt obligations.  Furthermore, the company's suspended
financial covenants will return on Sept. 30 2017, when the company
must meet an 8.5x debt/EBITDA test, lowering to 7x by year-end. The
company's minimum liquidity covenant will also increase by
$5 million on June 30, 2017, which will further stretch its
liquidity position.  As of June 30, 2016, the company had
$23.6 million cash on hand and an undrawn $20 million revolver.
Under our assumptions, the company will not be able to meet the
financial covenants next year absent the company using one of the
available remedies in the existing credit agreement.  Abaco was
capitalized when oil prices were much more favorable, and S&P
expects it will continue to exhibit negative free operating cash
flows over the next couple years absent a debt restructuring.

The negative outlook reflects the likelihood that S&P could
downgrade the company if it believes it will be unable to pass its
financial maintenance covenants when they become effective on Sept.
30, 2017, and/or if the company continues to exhibit negative free
cash flows due to high financing costs, leaving them unable to meet
further debt obligations.  The outlook also reflects the risk the
company could engage in a distressed transaction to lower its
overall debt.

S&P could raise the rating if it expects the company is able to
generate cash flows sufficient to support its financing costs and
is able to comply with their financial covenants next year.



AF-SOUTHEAST: Seeks to Hire PwC as Tax Consultant
-------------------------------------------------
AF-Southeast, LLC seeks approval from the U.S. Bankruptcy Court for
the District of Delaware to hire PricewaterhouseCoopers LLP.

PwC will serve as tax consultant in connection with the Chapter 11
cases of AF-Southeast and its affiliates.  The firm will provide
these services:

     (a) perform general accounting and tax advisory services for
         the tax year 2016;

     (b) conduct a review or audit of the Debtors' filed tax
         returns, if necessary, and prepare the Debtors' tax
         returns for 2016; and

     (c) provide other tax consulting services that may arise in
         connection with the Debtors' cases.

The hourly rates of PwC personnel who are expected to provide the
services are:

     Stephanie N. Jones         Tax Partner     $671
     Elizabeth Hall             Tax Partner     $770
     Tara Berardi Murray        Director        $611
     Megan Stoner               Manager         $473
     Elizabeth Mary Bouzis      Manager         $473

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

PwC can be reached through:

     Stephanie N. Jones
     PricewaterhouseCoopers LLP
     300 Madison Avenue
     New York, New York 10017-6204
     United States of America
     Telephone: [1] (646) 471-3000
     Telecopier: [1] (813) 286-6000

                         About AF-Southeast LLC

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

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

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

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

Judge Kevin Gross is assigned to the cases.


AMERICAN GILSONITE: Moody's Lowers CFR to Ca; Outlook Stable
------------------------------------------------------------
Moody's Investors Service downgraded American Gilsonite Holding
Company's Corporate Family Rating to Ca and its Probability of
Default Rating to Ca--PD/LD from Caa2 and Caa2-PD, following the
expiration of its grace period as of Oct. 1, 2016, for a missed
interest payment.  Adding the /LD (limited default) indicator
results from American Gilsonite's missed interest payment of $15.5
million due September 1, 2016 and from the understanding that the
company has entered into forbearance agreements with lenders.  The
agreement provides forbearance against certain events of default
until October 24, 2016 in order for American Gilsonite to determine
various restructuring alternatives with lenders that would result
in a viable path forward.  The LD indicator will remain in place
until there is a resolution to the missed interest payment.  The
downgrade of American Gilsonite's Corporate Family Rating to Ca
results from its election to miss the first quarter interest
payment on the 11.5% notes, the near-term maturity of the notes due
September 2017, the compromised earnings of the business due to low
oil prices, and that the capital structure is unsustainable.  The
rating on American Gilsonite's $270 million 11.5% senior secured
first notes due September 2017 was downgraded to Ca from Caa2,
given Moody's view that significant impairment is likely.  American
Gilsonite also has an unrated $25 million first lien revolving
credit facility is due in May 28, 2017 which is believed to be in a
preferential security position to the notes.  The rating outlook is
stable.

These rating actions were taken:

American Gilsonite Holding Company
  Corporate Family Rating -- to Ca from Caa2
  Probability of Default Rating -- to Ca-PD/LD from Caa2-PD

American Gilsonite Company
  $270 million 11.5% senior secured notes due September 2017 –
   Ca, LGD4 from Caa2, LGD4
  Ratings outlooks -- Stable from Negative

                         RATINGS RATIONALE

American Gilsonite's Ca ratings reflect the company's decision to
miss its September 1, 2016 interest payment on the notes, the
diminished earnings resulting from substantially lower oil prices
that have reduced demand for its oil and gas drilling products.
(Oil and gas drilling products have historically represented 75% of
its revenues, prior to the downturn in oil prices.)  Also weighing
on the rating are the company's small size, its exposure to the
volatile commodity end market of oil & gas, its high leverage at
24.4x Debt/EBITDA, its low EBITDA/Interest Expense of 0.4x, and
negative Retained Cash Flow/Debt as a result of volume weakness
that has reduced earnings and cash flow.  The rating also reflects
the high cost of capital that prevents debt reduction and will
pressure liquidity until earnings improve meaningfully. Although
the private equity owners have historically been supportive and
even fully funded the purchase of a neighboring competitors mine in
June 2015, stress will continue as the company has insufficient
earnings to fulfill its payment obligations to lenders.
Furthermore, there is high likelihood that the company will either
seek a corporate structure reorganization, sale of assets, or
protection in the bankruptcy courts.

American Gilsonite's Ca ratings reflect the impact of substantially
lower oil prices and the expectation that crude oil prices will
remain low (below $60/bbl) for at least the next two years.  The
largest application for gilsonite is in drilling fluids where it
imparts specific properties (e.g., lubrication, binding, etc.),
especially in more difficult shale formations. Gilsonite volumes
have declined along with drilling activity in the US, which is
expected to correlate with the number of active drilling rigs.  Rig
counts have declined by over 60% since October 2014.  While
management has taken numerous actions to reduce costs, sales have
declined by over 50% versus 2014 and EBITDA by around 60%.  The
rating also reflects the company's narrow business profile (single
product line, customer concentration, lack of operational and
geographic diversity), and modest size as indicated by its revenues
of $36 million for the LTM ending
June 30, 2016.  American Gilsonite has experienced a drop in North
American sales volumes and prices starting in the first quarter of
2015 as customers de-stocked inventory as a result of the
significant drop in oil prices and subsequent decline in drilling
rig count.

American Gilsonite fundamentally benefits from strong operating
margins and low capital requirements, which typically result in
favorable cash flow generating capabilities.  Additionally,
American Gilsonite enjoys a significant market share for its
product because of the mineral's desirable properties, especially
for oil and gas drilling.  There is also limited competition for
uintaite resulting from the scarcity of uintaite reserves outside
of Utah.  Despite strong margins for its products, low volumes have
impacted earnings such that managements cost cutting measures have
not been able to offset the declines in cash flow generation. While
the company is attempting to increase sales to non-drilling related
applications it is unlikely that they will be able to replace a
significant portion of the volumes already lost or at similar
margins.  Thus, volume improvements largely depend on an increase
in rig count, drilling, or oil processing.  Moreover, given Moody's
outlook on oil prices over the next 2 years, a continuation of low
volumes could be expected.

American Gilsonite's weak liquidity reflects the elective missed
interest payment on September 1, 2016 and subsequent passing of the
cure period without a payment.  American Gilsonite's liquidity is
supported by its cash balance of $18 million (as of June 30, 2016)
and an $25 million revolver ($20 million drawn), however
expectations for continued negative retained cash flow generation
overarch available funds. (The company generated negative $17
million of Retained Cash Flows during the twelve months ended
June 30, 2016).  The $25 million first lien revolving credit
facility is due in May 28, 2017.  It has springing financial
covenants upon borrowing that limit first lien leverage to 1.5x and
capital expenditures to $30 million per year.  Due to low volumes
demand from the oil and gas end-markets, Moody's anticipates that
American Gilsonite will draw on the revolver in 2016.  The
company's second lien $270 million notes mature on Sept. 1, 2017.
The notes have an 11.5% interest rate and approximately $30 million
in annual interest expense payments, payable in February and
August.  American Gilsonite benefits from relatively low
maintenance capital expenditure requirements estimated to be less
than $3 million per year.  Additional capex spending is largely
dependent on mine development costs that will flex with volume
demand.  Moody's does not expect any spending beyond what is
operationally required, given the low volume demand environment and
stressed financial circumstances.

American Gilsonite's stable outlook reflects its elevated leverage,
diminished oil & gas markets resulting in low volumes and pricing,
and expected decline in liquidity as the revolver is used to cover
costs.

There is currently limited upside to American Gilsonite's rating
due to the potential capital structure change, elevated leverage
metrics, lack of financial flexibility, and negative free cash flow
generation.  Before considering an upgrade, we would expect the
company to realize a sustained improvement in volumes, continued
strength in margins and pricing, and generate positive free cash
flow.  Conversely, a downgrade would result from an inability to
achieve an agreement with lenders to extend the revolver maturity
amend the notes or take other restructuring actions that may
further impair the debtholders.

The principal methodology used in these ratings was Global Chemical
Industry Rating Methodology published in December 2013.

American Gilsonite Holding Company through its operating
subsidiary, American Gilsonite Company, is a miner, processor and
seller of Gilsonite, its brand name of the mineral uintaite.
Gilsonite is a hydrocarbon resin with physical and chemical
properties that make it a desirable additive for oil & gas drilling
(approximately 75% of American Gilsonite's historic revenues), as
well as asphalt, inks and paints, and foundry applications.
American Gilsonite is wholly owned by a fund managed by an
affiliate of Palladium Equity Partners, LLC and had revenues of $36
million for the twelve months ended June 30, 2016.


ARCH COAL: Completes Financial Restructuring, Exits Chapter 11
--------------------------------------------------------------
Arch Coal, Inc. on Oct. 5, 2016, disclosed that it has successfully
completed its financial restructuring and emerged from court
protection, with new equity that will trade on the New York Stock
Exchange under the ticker symbol ARCH.

"[Wednes]day marks the beginning of a new era for Arch Coal," said
John W. Eaves, Arch's chief executive officer.  "We are extremely
pleased with what we have accomplished during our highly
expeditious restructuring process, and are eager to move forward
with our compelling plan for value creation.  I am confident we
have all the pieces in place for long-term success -- an
extraordinary workforce, cost-competitive assets, a high-quality
reserve base, a clean balance sheet and an excellent management
team."

Arch emerges as the leading producer of metallurgical coal and the
second largest producer of thermal coal in the United States, with
a streamlined portfolio of large, modern, low-cost mines.  Arch's
operations have a proven track record of generating cash through
all phases of the market cycle, with significant upside in rising
price environments.

Arch is emerging with more than $300 million of cash on its balance
sheet and a debt level of just $363 million, consisting of a new
term loan and capital leases.  The company's total debt is just 7%
of what it was prior to restructuring.  Cash requirements are
expected to be modest, with projected capital spending of $55
million in 2017 and projected debt service of approximately $33
million.  In addition, the company has third-party surety bonds in
place covering 100% of its reclamation bonding requirements.

"We are particularly pleased to be emerging in a resurgent
metallurgical market, and look forward to similar strengthening in
thermal coal markets in the months ahead," Mr. Eaves said.  "With
our enhanced financial foundation and top-tier assets, we believe
we are exceptionally well-positioned to capitalize on both."  

"We are enthusiastic about Arch's promising future and the
potential to drive sustainable value creation for our
shareholders," Mr. Eaves continued.  "I would like to extend my
deepest appreciation to Arch's employees, who have been
instrumental in achieving this excellent outcome.  Looking ahead,
we will continue our efforts to manage costs rigorously, provide
superior service to our customers and strengthen relationships with
our business partners, while demonstrating the same unwavering
commitment to mine safety and environmental protection that has
become a hallmark of our great company."

                        The Confirmed Plan

As previously reported by The Troubled Company Reporter, the U.S.
Bankruptcy Court for the Eastern District of Missouri on Sept. 13,
2016, entered an order confirming Arch Coal, Inc. and its
debtor-affiliates' Fourth Amended Joint Plan of Reorganization
Under Chapter 11 of the Bankruptcy Code, dated Sept. 11, 2016.

Holders of allowed general unsecured claims against Debtors (other
than claims on account of the First Lien Credit Facility or
Prepetition Notes) will receive their pro rata distribution of
$7.364 million cash, less fees and expenses incurred by any
professionals retained by a claims oversight committee up to
$200,000.

The Plan will not become effective until certain conditions are
satisfied or waived, including, (a) the documents governing the
Reorganized Debtors' new $326.5 million first lien debt facility
will have been duly executed and delivered by the Reorganized
Debtors parties thereto, and all conditions precedent to the
consummation of the New First Lien Debt Facility shall have been
waived or satisfied in accordance with the terms thereof, and the
closing of the New First Lien Debt Facility shall have occurred;
(b) the Debtors' existing securitization facility shall be
reinstated on terms substantially as set forth in the Plan
Supplement; (c) all documents and agreements necessary to
implement
the Plan, including the Plan Supplement and the Confirmation
Order,
shall have been executed; and (d) the Debtors shall have received
all authorizations, consents, regulatory approvals, rulings,
letters, no-action letters, opinions or documents that are
necessary to implement the Plan and that are required by law,
regulation or order.  The date on which all conditions to the
effectiveness of the Plan have been satisfied or waived will be
the
"Effective Date" of the Plan. It is possible that amendments could
be made to the Plan prior to effectiveness.

A copy of the confirmed Plan is available at https://is.gd/Rib7UC

A copy of the Confirmation Order is available at
https://is.gd/vF12YU

                         About Arch Coal

Founded in 1969, Arch Coal, Inc., is a producer and marketer of
coal in the United States, with operations and coal reserves in
each of the major coal-producing regions of the Country.  As of
January 2016, it was the second-largest holder of coal reserves in
the United States, owning or controlling over five billion tons of
proven and probable reserves.  

Arch Coal, Inc., and 71 of its affiliates filed Chapter 11
bankruptcy petitions (Bankr. E.D. Mo. Case Nos. 16-40120 to
16-40191) on Jan. 11, 2016.  The petition was signed by Robert G.
Jones as senior vice president-law, general counsel and secretary.

The Debtors disclosed total assets of $5.84 billion and total debt
of $6.45 billion at the time of the bankruptcy filing.  Judge
Charles E. Rendlen III has been assigned the case.

The Debtors engaged Davis Polk & Wardwell LLP as counsel, Bryan
Cave LLP as local counsel, FTI Consulting, Inc. as restructuring
advisor, PJT Partners as investment banker, and Prime Clerk LLC as
notice, claims and solicitation agent.

An Official Committee of Unsecured Creditors was appointed in the
case.  The Committee retained Kramer Levin Naftalis & Frankel LLP
as counsel; Spencer Fane LLP as local counsel; Berkeley Research
Group, LLC as financial advisor; Jefferies LLC as investment
banker; and Blackacre LLC as coal consultant.


ARKANSAS CITY PBC: Moody's Hikes Lease Rental Bonds to B1
---------------------------------------------------------
Moody's Investors Service has upgraded the rating on Arkansas City
Public Building Commission's, KS lease rental revenue bonds to B1
from Caa1. The upgrade affects $21.6 million in outstanding Moody's
rated debt. The bonds are secured by an unconditional lease payment
from the City of Arkansas City, backed by the city's unlimited
general obligation pledge in addition to the first lien on net
revenues of the South Central Kansas Regional Medical Center (the
hospital). Outlook revised to stable from negative.The upgrade to
B1 reflects the city's approval of a new revenue source to support
ongoing subsidies of the hospital for debt service as well as
operations. Specifically, the upgrade reflects the recent passage
of a 1% city-wide sales tax which is dedicated to cover the
hospital's debt service payments allowing the hospital to focus of
supporting operations. The rating further reflects a small tax base
in rural Kansas, limited operations, below-average financial
reserve position and an elevated debt burden.

Rating Outlook

The stable outlook reflects Moody's expectation that the recently
implemented 1% sales tax dedicated to hospital debt service will
sustain the majority of debt service payments on the lease revenue
bonds. The outlook further considers the city's ability to maintain
operations while supporting the hospital debt without the need to
increase property taxes and citizen support for the additional tax
to support the hospital.

Factors that Could Lead to an Upgrade

Material and sustained improvement of hospital operations and
improved liquidityMerger with a stronger partner and guarantee
assumption of debtSubstantial growth in patient care

Factors that Could Lead to a Downgrade

Inability of recently approved sales tax revenues to fully cover
debt serviceDeteriorating financial position of the city to support
the hospitalDeclines in sales tax revenue trends

Legal Security

The Bonds are special obligations of the Issuer payable as to both
principal and interest solely from the Rental Payments to be paid
by the City to the Issuer under the Lease. The Bonds are secured by
a pledge and assignment of the Pledged Property, as defined by the
Bond Resolution, which is comprised primarily of such Rental
Payments. The terms of the Lease and the schedule of lease payments
are designed to produce moneys sufficient to pay the principal of
the Bonds and interest thereon when due. The Lease is an
unconditional and absolute obligation of the City and the City is
obligated to make payments under the Lease to the Paying Agent in
amounts sufficient to pay principal and interest on the Bonds, and
to levy ad valorem taxes without limit if necessary to make such
payments. The payments made by the City to the Issuer are exempt
under the Act from the limitations imposed by the Kansas Cash Basis
and Budget Laws. The obligation of the City to make payments under
the Lease is not subject to annual appropriation or termination
during the Lease term. Pursuant to the Lease, the City may also
elect to purchase the Issuer's interest in the Project by payment
of the purchase option price set forth in the Lease, which includes
payment of the Bonds. The City and the Hospital Board have entered
into a Pledge of Revenues Agreement under which the Hospital Board
has agreed to operate the Hospital and to provide the City with
funds generated from the operation of the Hospital sufficient to
make the rental payments under the Lease Agreement. The Hospital's
obligations pursuant to the Pledge Agreement are secured by a
pledge of the Hospital's Revenues on a parity of lien basis with
any additional Parity Obligations hereafter issued as provided in
the Pledge Agreement. Under the Pledge agreement, the Hospital
Board, in accordance with and subject to applicable legal
requirements, will fix, establish, maintain and collect such rates
and charges for the use and services furnished by or through the
Hospital and will produce Revenues sufficient to (a) pay the Debt
Service Requirements on the Bonds as and when the same become due;
(b) pay the expenses of the Hospital; (c) enable the Hospital to
have in each Fiscal Year a Historical Debt Service Coverage Ratio
of not less than 1.00 on all Hospital Obligations constituting
Parity Obligations at the time outstanding; and (d) provide
reasonable and adequate reserves for the payment of the Bonds and
other Parity Obligations and the interest thereon and for the
protection and benefit of the Hospital.

Use of Proceeds

Not Applicable

Obligor Profile

South Central Kansas Regional Medical Center is a 37-staffed bed
hospital located in Arkansas City, KS. The hospital is a component
unit of Arkansas City. The city is located 60 miles southeast of
Wichita, KS and 120 miles northwest of Tulsa, OK. The city's
population was 12,415 according to the 2010 US census.Arkansas
City, KS is located 60 miles south of Wichita, KS, and
approximately 120 miles north west of Tulsa, OK near the
Kansas-Oklahoma border. The city's population equaled 12,415 as of
the 2010 US census.

Methodology

The methodologies used in this rating were US Local Government
General Obligation Debt published in January 2014 and Lease,
Appropriation, Moral Obligation and Comparable Debt of US State and
Local Governments published in July 2016.


ATNA RESOURCES: Stipulates With Small Mine on $5.7M CLaim
---------------------------------------------------------
BankruptcyData.com reported that Atna Resources filed with the U.S.
Bankruptcy Court a stipulation between the Debtors and Small Mine
Development regarding a proof of claim. According to the
stipulation, "On February 16, 2016, SMD filed proof of claim number
242 (the 'Proof of Claim') in these cases asserting a secured claim
against Debtor Atna Resources Inc. ('Atna') in the amount of
$5,763,972.74 on account of a contract for mining services
performed at the Atna Pinson Mine project (the "Pinson Project") .
. . .  The Parties hereby stipulate and agree, and respectfully
move the Bankruptcy Court to approve such stipulation and
agreement, as follows: 1. The Proof of Claim shall be deemed a
general unsecured claim against Atna for purposes of (i) voting on,
and receiving distributions under, the Plan or any subsequent plan
that may be filed in these cases, or (ii) in the event these cases
are converted to cases under chapter 7 of the Bankruptcy Code,
receiving distributions in connection with such chapter 7 cases."

                     About Atna Resources

Headquartered in Lakewood, Colorado, Atna Resources Ltd. --
http://www.atna.com/-- is engaged in all phases of the mining
business, including exploration, preparation of pre-feasibility and
feasibility studies, permitting, construction and development,
operation and final closure of mining properties.

The Company owns or controls various properties with gold
resources.  The Company's production property includes Briggs Mine
California and Pinson Mine Property, Nevada.  The Company's
development properties include Mag Pit at Pinson; Columbia Project,
Montana and Briggs Satellite Projects, California.  Its Exploration
properties include Sand Creek Uranium Joint Arrangement, Wyoming;
Blue Bird Prospect, Montana and Canadian Properties, Yukon and
British Columbia.  Its Closure Property is Kendall, Montana.  The
Briggs mine is located on approximately 156 unpatented claims,
including approximately 15 mill site claims, covering over 2,890
acres.  The Company's Pinson Mine Property is located in Humboldt
County, Nevada, over 30 miles east of Winnemucca.

Atna Resources, Inc. and its direct and indirect subsidiaries filed
Chapter 11 bankruptcy petitions (Bankr. D. Colo. Proposed Lead Case
No. 15-22848) on Nov. 18, 2015.  The petitions were signed by
Rodney D. Gloss as vice president & chief financial officer.   

Atna also sought ancillary relief in Canada pursuant to the
Companies' Creditors Arrangement Act in the Supreme Court of
British Columbia in Vancouver, Canada.

In its Chapter 11 petition, Atna estimated assets in the range of
$10 million to $50 million and liabilities of $50 million to $100
million.  

Squire Patton Boggs (US) LLP serves as counsel to the Debtors.

On Dec. 14, 2015, the Office of the United States Trustee for the
District of Colorado appointed a statutory committee of unsecured
creditors in the Chapter 11 Cases.  The Committee tapped Onsager
Guyerson Fletcher Johnson as attorneys.


BASS PRO: Moody's Puts Ba3 CFR on Review for Downgrade
------------------------------------------------------
Moody's Investors Service placed all ratings on Bass Pro Group,
L.L.C on review for downgrade, including its Ba3 Corporate Family
Rating, Ba3-PD Probability of Default Rating and the B1 rating on
its Senior Secured Term Loan due 2020.

The review for downgrade follows Bass Pro's announcement that it
has entered into a definitive agreement to acquire Cabela's
Incorporated ("Cabela's," not rated by Moody's) for $65.50 per
share in cash, or about $4.5 billion, about a 16x multiple of
Cabela's EBITDA, excluding Financial Services.  The share price
being paid represents about a 19% premium over Cabela's closing
share price on Sept. 30, 2016.

Immediately prior to closing, Capital One, National Association, a
wholly-owned national banking subsidiary of Capital One Financial
Corporation, will acquire certain assets and assume certain
liabilities of Cabela's World's Foremost Bank One Financial
Corporation.  Upon closing, Bass Pro will commence a multi-year
partnership whereby Capital One will originate and service the
Cabela's cobranded credit card.

The aggregate value of these transactions is approximately
$5.5 billion.  The transaction is expected to close during the
first half of calendar 2017, and is subject to approval by Cabela's
shareholders and regulatory approval.

These ratings are placed on review for downgrade:

   -- Corporate Family Rating at Ba3
   -- Probability of Default Rating at Ba3-PD
   -- Senior Secured Term Loan due 2020 at B1 (LGD4)

                         RATINGS RATIONALE

BassPro's proposed acquisition of Cabela's will combine the premier
brands in the outdoor sporting goods industry with complementary
business philosophies, product offerings and geographic footprints.
However, the potential deal brings with it significant integration
risk, and the company's final capital structure is unclear given
that the expected proceeds from Capital One's purchase of certain
financial services assets and assumed liabilities have not been
disclosed.  Bass Pro has obtained about $2.4 billion of committed
preferred equity financing to fund a portion of the transaction.
However, the review for downgrade is based upon Moody's expectation
for a sizable increase in debt levels to fund the remaining portion
not covered by the finance asset sales.

Moody's rating review will focus on the level of integration risk
associated with the sizable acquisition, size and timing of any
potential synergies, amount of debt needed and expected time to
deleverage once the deal closes, as well as the impact this
transaction will have on the company's ongoing financial policy
decisions including, but not limited to, shareholder distributions
and further acquisitions.  Moody's notes that the review could
extend longer than 90 days in the event of an FTC review of the
transaction.

Headquartered in Springfield, Missouri, Bass Pro Group LLC operates
"Bass Pro Shops", a retailer of outdoor recreational products
throughout the US and Canada.  The company also manufactures and
sells recreational boats and related marine products under the
Tracker, Mako, Tahoe, Nitro, Ranger Boats, Stratos" and Triton
brand names.  The company also owns the Big Cedar Lodge in
Ridgedale, Missouri and Big Cypress Lodge in Memphis, Tennessee.

Headquartered in Sidney, Nebraska, is a retailer of hunting,
fishing, camping, shooting sports, and related outdoor merchandise.
The company also issues the Cabela's CLUB Visa credit card, which
serves as its primary customer loyalty rewards program.

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


BEAR CREEK PARTNERS II: Has Until Nov. 30 to Use Cash Collateral
----------------------------------------------------------------
Judge John T. Gregg of the U.S. Bankruptcy Court for the Western
District of Michigan authorized Bear Creek Partners II, LLC, et
al., to use cash collateral on a final basis, until Nov. 30, 2016.

Judge Gregg acknowledged that the ability of the Debtors to
maintain their properties requires the use of cash collateral,
absent which immediate and irreparable harm will result to the
Debtors, their estates and creditors, and the possibility for
successful chapter 11 success.

The Debtor was authorized to use cash collateral to reimburse
Strathmore Development Company Michigan LLC for actual, out of
pocket expenses paid by Strathmore on behalf of the Debtors.

Prepetition Lender DOF IV REIT Holdings, LLC, was granted
additional and replacement continuing valid, binding, enforceable,
non-avoidable, and automatically perfected postpetition security
interests in and liens on any and all presently owned and after
acquired personal property, real property, and all other assets of
the Debtors, together with any proceeds thereof.  

The Prepetition Lender was also granted a superpriority claim with
priority over any and all other administrative expenses of any
kind.

A full-text copy of the Final Order, dated Oct. 3, 2016, is
available at
http://bankrupt.com/misc/BearCreekPartnersII2016_1602553jtg_258.pdf

DOV IV REIT Holdings, LLC, is represented by:

          Lawrence P. Gottesman, Esq.
          Lauren J. Pincus, Esq.
          ALLEGAERT BERGER & VOGEL LLP
          111 Broadway, 20th Floor
          New York, NY 10012
          Telephone: (212) 571-0550

          - and -

          Eric D. Carlson, Esq.
          James L. Allen, Esq.
          MILLER, CANFIELD, PADDOCK AND STONE, P.L.C.
          1200 Campau Square Plaza
          99 Monroe Avenue, N.W.
          Grand Rapids, MI 49503
          Telephone: (616) 454-8656

           About Bear Creek Partners II, LLC.

Bear Creek Partners II, L.L.C. and Bear Creek Retail Partners II
LLC filed chapter 11 petitions (Bankr. W.D. Mich. Case Nos.
16-02553 and 16-02554) on May 6, 2016. The Debtors are represented
by  Jay L. Welford, Esq., at Jaffe, Raitt, Heuer & Weiss, PC and
Robert R. Wardrop, Esq., at Wardrop & Wardrop PC.

Each Debtor estimated assets and liabilities at $10 million to $50
million at the time of the filing.  Lawyers at Wardrop & Wardrop,
P.C., represent the creditors' committee.



BELDEN INC: Moody's Assigns Ba3 Rating on EUR200MM Note Issuance
----------------------------------------------------------------
Moody's Investors Service assigned a Ba3 rating to Belden Inc.'s
proposed EUR200 million note issuance.  All other ratings are
unchanged.  The proceeds will be used for general corporate
purposes including repayment of existing term loans.  The outlook
remains stable.

                        RATINGS RATIONALE

The Ba2 CFR reflects Belden's leading positions within segments of
the enterprise, broadcast, industrial cabling, connectivity and
networking product markets, solid operating margins and good free
cash flow.  The ratings are tempered by Belden's high leverage and
acquisition appetite.  Debt to EBITDA (approximately 4.4x based on
LTM July 3, 2016, results, pro forma for the new Euro note
issuance) is high compared to other Ba rated manufacturing peers of
similar size.  Though Belden's pursuit of growth through business
acquisitions has contributed to increased leverage over time, it
has also resulted in more diversified sources of revenue as
compared to the original cabling business and expanded its number
of higher margin businesses lines, as well as substantially
increasing its scale.  Belden is cyclical however and the impact on
revenues, EBITDA and leverage can be magnified during economic
downturns.  Moody's expects that management will trim costs and
curtail acquisition and share repurchase activity in the face of an
economic downturn.

The stable ratings outlook reflects the steadying performance of
some of the company's key end-markets and the expectations of
improved profitability and cash flow over the next 12 to 18
months.

The ratings could be upgraded if EBITDA improves such that leverage
is sustained below 4x while maintaining very strong cash balances.

The ratings could be downgraded if performance deteriorates from
negative economic conditions or market share losses, or if leverage
exceeds 4.75x (excluding certain one-time costs) on other than a
temporary basis.  The ratings could also be downgraded if the
company pursues large debt-financed acquisitions that present
integration challenges.

Liquidity as reflected in the SGL-1 speculative grade liquidity
rating is very good based on an estimated cash balance of over $600
million (pro forma for the July 2016 issuance of mandatorily
convertible preferred equity), access to a $400 million revolving
credit facility (undrawn as of July 3, 2016,) and expectations of
continued strong free cash flow.

Assignments:

Issuer: Belden Inc.
  Senior Subordinated Regular Bond/Debenture, Assigned Ba3 (LGD4)

The principal methodology used in this rating was Global
Manufacturing Companies published in July 2014.

Belden Inc. is a leading designer and manufacturer of connectivity
and signal transmission products for the global network
communication and specialty electronic marketplaces.  Belden
generated revenues of $2.3 billion in the last twelve months ended
July 3, 2016.  The company is headquartered in St. Louis, Missouri.


BONANZA CREEK: Promotes S. Fenoglio to Principal Financial Officer
------------------------------------------------------------------
The Board of Directors of Bonanza Creek Energy, Inc. promoted Scott
Fenoglio, previously the Company's vice president, planning, to
serve as the Company's senior vice president, finance & planning
and principal financial officer, effective as of Oct. 1, 2016.  

Effective as of Oct. 1, 2016, Wade E. Jaques no longer serves as
the principal financial officer of the Company, but he continues to
serve as the Company's vice president, chief accounting officer.

Mr. Fenoglio, age 42, joined the Company in March 2014, as director
of planning and was promoted to vice president, planning, in May
2015.  Mr. Fenoglio has over 20 years of experience working in the
energy and financial services industries.  Prior to joining the
Company, Mr. Fenoglio served in roles of increasing responsibility
at Noble Energy, Inc. from 2006 to 2014, culminating in the role of
senior finance manager for the U.S. Onshore Division where he led
teams responsible for the development of all budgets and forecasts
related to domestic exploration and production activities and was a
member of the DJ Basin leadership team.  Mr. Fenoglio holds a
Bachelor of Arts in Finance from the University of Illinois,
Urbana-Champaign and is a CFA charterholder.  Mr. Fenoglio has no
family relationships that require disclosure pursuant to Item
401(d) of Regulation S-K and has not been involved in any
transactions that require disclosure pursuant to Item 404(a) of
Regulation S-K.

As a result of the promotion and effective as of Oct. 1, 2016, Mr.
Fenoglio's base salary was increased to $275,000 and the target
amount of his bonus opportunity under the Company's Short-Term
Incentive Program was increased to 75% of base salary, with the
actual amount of his bonus determined based upon the achievement of
corporate goals established annually and subject to the other terms
of the STIP.  Mr. Fenoglio's 2016 STIP bonus will be pro-rated to
take into account the STIP target level for which he was eligible
as the Company's vice president, planning.  Mr. Fenoglio's existing
equity incentive awards received in connection with his prior roles
at the Company pursuant to the Company’s Amended and Restated
2011 Long Term Incentive Plan were not amended and remain in
effect.

Mr. Fenoglio will participate in the Company's Amended and Restated
Executive Change in Control and Severance Plan as a Tier 3
Executive, which provides for certain payments and benefits if his
employment is involuntarily terminated under specified
circumstances.  If the conditions of the Severance Plan are
satisfied, upon Mr. Fenoglio's termination, he is entitled to,
among other benefits, (i) a lump sum cash payment equal to two
times his then-current base salary, (ii) a lump sum cash payment
equal to the greater of the annual average of bonuses received by
Mr. Fenoglio pursuant to the Company's STIP in the two calendar
years prior to termination and his current target bonus amount,
multiplied by two, and (iii) immediate vesting of any unvested
equity incentive awards (subject to achievement of the applicable
performance goals, in the case of performance-based awards).
Mr. Fenoglio is bound by the Company's Employee Restrictive
Covenants, Proprietary Information and Inventions Agreement,
pursuant to which he agrees to maintain the confidentiality of
Company proprietary information.  Additionally, for two years
following any termination of employment, Mr. Fenoglio has agreed to
certain non-competition and non-solicitation obligations assuming
the Company meets its severance obligations.

                     About Bonanza Creek

Bonanza Creek is an independent energy company engaged in the
acquisition, exploration, development and production of onshore oil
and associated liquids-rich natural gas in the United States.
Bonanza Creek Energy, Inc. was incorporated in Delaware on Dec. 2,
2010, and went public in December 2011.

As of June 30, 2016, Bonanza Creek had $1.29 billion in total
assets, $1.18 billion in total liabilities and $117.80 million in
total stockholders' equity.

The Company reported a net loss of $746 million in 2015 following
net income of $20.3 million in 2014.

                          *    *    *

As reported by the TCR on Sept. 13, 2016, S&P Global Ratings raised
its corporate credit rating on U.S.-based oil and gas exploration
and production company Bonanza Creek Energy
Inc. to 'CC' from 'D'.


BRUCE PITT: Unsecureds to be Paid Pro Rata in 5 Years Under Plan
----------------------------------------------------------------
Bruce L. Pitt filed with the U.S. Bankruptcy Court for the District
of Maryland a Disclosure Statement and Plan of Reorganization,
which proposes to pay Allowed Unsecured Claims on a pro rata basis
in the ordinary course of the Debtor's financial affairs over a
period not to exceed five years.

A copy of the Disclosure Statement dated Sept. 29, 2016 is
available at
http://bankrupt.com/misc/mdb16-10659-58.pdf

Attorney for the Debtor is:

          Marc R. Kivitz, Esq.
          201 North Charles Street, Suite 1330
          Baltimore, Maryland 21201
          Tel: (410) 625-2300
          Fax: (410) 576-0140
          E-mail: mkivitz@aol.com

Bruce L. Pitt sought bankruptcy protection (Bankr. D. Md. Case No.
16-00314) on Jan. 20, 2016.


BURKEEN TRUCKING: U.S. Trustee Unable to Appoint Committee
----------------------------------------------------------
The Office of the U.S. Trustee on Oct. 5 disclosed in a court
filing that no official committee of unsecured creditors has been
appointed in the Chapter 11 case of Burkeen Trucking Company Inc.

Burkeen Trucking Company Inc. sought protection under Chapter 11 of
the Bankruptcy Code (Bankr. W.D. Tenn. Case No. 16-11822) on August
31, 2016.  The petition was signed by Billy Burkeen, president.  

At the time of the filing, the Debtor estimated assets of less than
$50,000 and liabilities of less than $1 million.

The Debtor is represented by:

     Thomas Harold Strawn, Jr., Esq.
     Strawn & Edwards, PLLC
     314 North Church Ave
     Dyersburg, TN 38024
     Phone: 731-285-3375
     Email: tstrawn42@bellsouth.net


CAESARS ENTERTAINMENT: Enters Into RSAs with Major Creditor Groups
------------------------------------------------------------------
Caesars Entertainment Corporation  ("Caesars Entertainment") and
Caesars Entertainment Operating Company, Inc. ("CEOC") and its
Chapter 11 debtor subsidiaries (collectively, the "Debtors") have
entered into, or amended and restated, Restructuring Support
Agreements ("RSAs") with the representatives of all of CEOC's major
creditor groups and agreed to the terms of the Debtors' Third
Amended Joint Plan of Reorganization (the "CEOC Plan").  The RSAs
represent a key milestone in Caesars Entertainment and CEOC's
effort to implement a consensual restructuring for the Debtors.
The Oct. 5 announcement paves the way toward a confirmable plan for
the Debtors and a successful conclusion to CEOC's bankruptcy
proceedings in 2017.

The RSAs with the First Lien Bank Lenders, First Lien Noteholders,
Second Lien Noteholders and holders of Subsidiary Guarantee Notes
are effective immediately.  The key economic terms of the RSAs are
substantially similar to the previously announced term sheet.  The
RSAs are subject to termination in certain circumstances,
including, but not limited to, should the injunction in respect of
the guaranty litigation against Caesars Entertainment no longer be
in place and if the CEOC Plan has not gone effective before a
certain date in 2017.  In addition, the RSA with First Lien
Noteholders will terminate automatically on October 14, 2016,
unless, prior thereto, the parties have reached an agreement on
certain additional documentation in connection with the CEOC Plan.
The guaranty litigation pending against Caesars Entertainment was
stayed on Oct. 5 through the earliest of (a) the first omnibus
hearing after the court confirms or denies the CEOC Plan, (b) the
termination of the Second Lien RSA and (c) a further order of the
court, in a hearing in the United States Bankruptcy Court for the
Northern District of Illinois in Chicago.

                   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).


CARDTRONICS INC: Moody's Puts Ba2 CFR Under Review for Downgrade
----------------------------------------------------------------
Moody's Investors Service has placed Cardtronics, Inc.'s credit
ratings under review for downgrade, including the company's Ba2
Corporate Family Rating, Ba2-PD Probability of Default Rating, and
the Ba3 rating on Cardtronics' $250 million senior unsecured notes.
The review was prompted by the announcement of the company's
planned $500 million all-cash acquisition (including transaction
costs) of DirectCash Payments Inc.  Cardtronics' leverage, which
approximated 2x (Moody's adjusted) as of June 30, 2016, will rise
by 1x as a result of the debt-financed transaction.  However, given
the company's healthy free cash flow production, a downgrade, if
any, is not expected to exceed one notch.  The SGL-2 rating is not
affected but may change depending on the liquidity profile upon
consummation of the acquisition.

Issuer: Cardtronics, Inc.

On Review for Downgrade:

  Corporate Family Rating, Placed on Review for Downgrade,
   currently Ba2

  Probability of Default Rating, Placed on Review for Downgrade,
   currently Ba2-PD

  Senior Unsecured Notes maturing 2022, Placed on Review for
   Downgrade, currently Ba3 (LGD4)

  Outlook revised to Rating Under Review from Stable

                        RATINGS RATIONALE

The rating review reflects Moody's view that Cardtronics' planned
acquisition will improve the company's scale, but will result in a
more aggressively levered capital structure.  Moody's review will
focus on the company's pro forma capital structure, liquidity
profile, expected pace of debt reduction, and future operating
strategy, including synergies that may be realized after the
acquisition is consummated.  Moody's review will also take into
account the risks relating to the potential loss of Cardtronics'
largest customer relationship in mid 2017 as well challenges facing
the company due to the limited long term growth potential for
cash-based transactions resulting from the secular shift to
electronic forms of payments.

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

Cardtronics, a subsidiary of Cardtronics plc which recently
redomiciled to the United Kingdom, provides consumer financial
services through its network of automated teller machines ("ATMs")
and multi-function financial services kiosks.  Cardtronics'
customers primarily include large and small retailers, operators of
facilities such as shopping malls and airports, and financial
institutions.  Excluding the impact of pending acquisitions,
Moody's expects Cardtronics' to generate $1.25 billion in pro forma
sales in 2016.



CARWASHER INC: Taps Acquisitions Businesses as Broker
-----------------------------------------------------
The Carwasher, Inc. received approval from the U.S. Bankruptcy
Court for the District of Arizona to hire Acquisitions, Businesses
& Investments, LLC.

The firm will serve as broker in connection with the sale of the
Debtor's properties in Scottsdale and Mesa, Arizona.

As compensation, ABI will get 7% of the sale price for the
Scottsdale property, and 6% of the sale price for the Mesa
property.

ABI does not hold any interest adverse to the Debtor's estate and
is a "disinterested person" as defined in section 101(14) of the
Bankruptcy Code.

The firm can be reached through:

     Robert J. Pencek
     Acquisitions, Businesses & Investments, LLC
     11408 N. Blackheath Road,
     Scottsdale, AZ 85254

                    About The Carwasher Inc.

The Carwasher, Inc. sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. D. Ariz. Case No. 13-13417) on August 5,
2013.  The petition was signed by Coy Lindblom, secretary.  

The case is assigned to Judge Eddward P. Ballinger Jr.

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

The Debtor is represented by:

     Kelly G. Black, Esq.
     Kelly G. Black, PLC
     1152 E. Greenway Street, Suite 4
     Mesa, AZ 85203-4360
     Tel: (480) 639-6719
     Fax: (480) 639-6819
     Email: kgb@kellygblacklaw.com


CHOICE HEALTH: Wants to Use McKesson Medical-Surgical Cash
----------------------------------------------------------
Choice Health Care, Inc., asks the U.S. Bankruptcy Court for the
Middle District of Florida for authorization to use cash
collateral.

The Debtor relates that almost all of its revenue, which consist of
receipts, are remitted electronically directly to the Debtor’s
bank accounts by insurance companies and Medicare plans.

The Debtor believes that its revenue may be encumbered by McKesson
Medical-Surgical, Inc. in connection with a settlement and a
promissory note in the amount of $150,756.49 dated January 28,
2016.  The note requires payments of $13,044.47 per month.  The
Debtor currently owes McKesson Medical-Surgical approximately
$100,762.96 plus interest at 7% per annum.  McKesson has a blanket
lien on the Debtor's personal property including all accounts and
receivables.

The Debtor wants to use cash collateral for:

     (1) Care, maintenance, and preservation of the Debtor’s
assets;

     (2) Payment of necessary expenses relating to the medical
practice;
and

     (3) The funding of other expenses required for the Debtor’s
continued operations.

The Debtor proposes to grant McKesson Medical-Surgical with a
floating lien on the post-petition cash collateral in the same
amount and level as of the Petition Date.  The Debtor’s proposed
replacement lien on post-petition cash collateral would be equal in
extent, validity, and priority to the security interest in the
accounts and receivables that McKesson Medical-Surgical held as of
the Petition Date.

A hearing on the Debtor's Motion is scheduled on Oct. 7, 2016 at
1:30 p.m.

A full-text copy of the Debtor's Motion dated Oct. 3, 2016, is
available at
http://bankrupt.com/misc/ChoiceHealthCare2016_816bk08452cpm_28.pdf

                  About Choice Health Care

Choice Health Care, Inc., d/b/a Rapha Vacular Specialists d/b/a
Premier Vein Institute d/b/a Vascular & Interventional Pavilion
a/k/a VIP d/b/a Premier Vein and Vacular Pavillion, filed a chapter
11 petition (Bankr. M.D. Fla. Case No. 16-08452) on Sept. 29, 2016.
The petition was signed by Stephen J. Steller, president.  

The Debtor is represented by Herbert R. Donica, Esq., at Donica Law
Firm PA.  The Debtor estimated assets at $0 to $50,000 and
liabilities at $1 million to $10 million at the time of the
filing.

The Debtor operates a medical practice specializing in the
treatment of vein diseases, vascular surgery and related treatments
with its principal places of business located in Hillsborough and
Polk Counties, Florida.


CHRISTOPHER RIDGEWAY: Disclosures OK'd; Plan Hearing on Nov. 2
--------------------------------------------------------------
The Hon. Elizabeth W. Magner of the U.S. Bankruptcy Court for the
Eastern District of Louisiana has approved Christopher Martin
Ridgeway's first amended disclosure statement dated Sept. 27, 2016,
describing the Debtor's first amended Chapter 11 plan of
reorganization.

The hearing to consider the confirmation of the Debtor's plan will
be held on Nov. 2, 2016, at 9:00 a.m.  Objections to the
confirmation of the Debtor's First Amended Plan must be filed by
Oct. 28, 2016.  Oct. 26, 2016, is the last day for filing
acceptances or rejections of the Debtor's First Amended Plan.

No later than Oct. 7, 2016, an affidavit of mailing will be filed
electronically by the Debtor's counsel.

The Debtor's counsel is to tabulate the acceptances and rejections
of the First Amended Plan and is to have same verified by the Clerk
of Bankruptcy Court at least 3 days prior to the confirmation
hearing date.

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


CJ HOLDING: North Dakota Court Cancels Jury Trial in "Lindsey"
--------------------------------------------------------------
Magistrate Judge Charles S. Miller, Jr., of the U.S. District Court
for the District of North Dakota issued an order dated Aug. 22,
2016, staying the action styled Vicki Nicole Lindsey, as Personal
Representative of the Estate of Dustin Ray Payne, and Melissa
Hopkins and Scottie Payne, as surviving parents of Dustin Ray
Payne, Plaintiffs, v. C&J Well Services, Inc.; C&J Well Services,
Inc. d/b/a C&J Energy Services, Inc.; Nabors Completion &
Production Services Co.; Superior Well Services, Inc.; Nabors
Drilling Technologies USA, Inc.; Nabors Drilling USA, LP; Nabors
Corporate Services, Inc.; Nabors Industries, Inc.; and John Doe I,
Defendants, Case No. 1:16-cv-019 (D.N.D.), in its entirely as to
all defendants as a result of C&J's filing of a Chapter 11
bankruptcy case.

The Defendant's "Motion to Compel Arbitration and Demand for Stay
of Litigation" is administratively termed with the understanding
that it may be renewed as defendants deem necessary at a later
date.  The final pretrial conference set for Oct. 18, 2017, and
jury trial set for Oct. 30, 2017, are cancelled.  Both will be
rescheduled as necessary at a later date.

A full-text copy of Magistrate Miller's Order is available at
https://is.gd/lDS6gY from Leagle.com.

Vikki Nicole Lindsey, Plaintiff, represented by Mark V. Larson,
LARSON LAW FIRM, P.C. & Jared Walter Gietzen, LARSON LAW FIRM,
P.C.

Melissa Hopkins, Plaintiff, represented by Mark V. Larson, LARSON
LAW FIRM, P.C. & Jared Walter Gietzen, LARSON LAW FIRM, P.C..

Scottie Payne, Plaintiff, represented by Mark V. Larson, LARSON LAW
FIRM, P.C. & Jared Walter Gietzen, LARSON LAW FIRM, P.C.

C&J Well Services, Inc., Defendant, represented by Troy A. Wolf,
Esq. -- twolf@fisherbren.com -- FISHER BREN & SHERIDAN, LLP & Tyler
S. Carlson, Esq. -- tcarlson@fisherbren.com -- FISHER BREN &
SHERIDAN, LLP.

C&J Well Services, Inc., doing business as C&J Energy Services,
Defendant, represented by Troy A. Wolf, FISHER BREN & SHERIDAN,
LLP.

C&J Well Services, Inc., Defendant, represented by Tyler S.
Carlson, FISHER BREN & SHERIDAN, LLP.

C&J Energy Services, Inc., Defendant, represented by Troy A. Wolf,
FISHER BREN & SHERIDAN, LLP & Tyler S. Carlson, FISHER BREN &
SHERIDAN, LLP.

Nabors Completion & Production Services Co., Defendant, represented
by Troy A. Wolf, FISHER BREN & SHERIDAN, LLP & Tyler S. Carlson,
FISHER BREN & SHERIDAN, LLP.

Superior Well Services, Inc., Defendant, represented by Troy A.
Wolf, FISHER BREN & SHERIDAN, LLP & Tyler S. Carlson, FISHER BREN &
SHERIDAN, LLP.

Nabors Drilling Technologies USA, Inc., Defendant, represented by
Troy A. Wolf, FISHER BREN & SHERIDAN, LLP & Tyler S. Carlson,
FISHER BREN & SHERIDAN, LLP.

Nabors Drilling USA, LP, Defendant, represented by Troy A. Wolf,
FISHER BREN & SHERIDAN, LLP & Tyler S. Carlson, FISHER BREN &
SHERIDAN, LLP.

Nabors Corporate Services, Inc., Defendant, represented by Troy A.
Wolf, FISHER BREN & SHERIDAN, LLP & Tyler S. Carlson, FISHER BREN &
SHERIDAN, LLP.

Nabors Industries, Inc., Defendant, represented by Troy A. Wolf,
FISHER BREN & SHERIDAN, LLP & Tyler S. Carlson, FISHER BREN &
SHERIDAN, LLP.

                       About C&J Energy

C&J Energy Services -- http://www.cjenergy.com/-- is a provider of

well construction, well completions, well support and other
complementary oilfield services to oil and gas exploration and
production companies. As one of the largest completion and
production services companies in North America, C&J offers a full,
vertically integrated suite of services involved in the entire
life
cycle of the well, including directional drilling, cementing,
hydraulic fracturing, cased-hole wireline, coiled tubing, rig
services, fluids management services and other special well site
services. C&J operates in most of the major oil and natural gas
producing regions of the continental United States and Western
Canada.

C&J Energy Services Ltd. and 14 of its subsidiaries each filed a
voluntary petition under Chapter 11 of the Bankruptcy Code (Bankr.
S.D. Tex. Lead Case No. 16-33590) on July 20, 2016.  The Debtors'
cases are pending before Judge David R. Jones.

The law firms Loeb & Loeb LLP, Kirkland & Ellis LLP serve as the
Debtors' counsel.  Fried, Frank, Harris, Shriver & Jacobson LLP
acts
as special corporate and tax counsel to the Debtors.  Investment
bank Evercore is the Debtors' financial advisor, and AlixPartners
is
the Debtors' restructuring advisor.  Ernst & Young Inc. is the
proposed information officer for the Canadian proceedings.
Donlin,
Recano & Company, Inc. serves as the claims, noticing and
balloting
agent.

U.S. Trustee Judy A. Robbins appointed five creditors to serve on
the official committee of unsecured creditors in the Chapter 11
case of CJ Holding Co., et al.  The Committee hired Greenberg
Traurig, LLP as counsel for the Committee, Conway MacKenzie, Inc.,
to serve as its financial advisor, Carl Marks Advisory Group LLC
as
investment banker.


CLARK ATLANTA: Moody's Affirms Ba2 Issuer Rating
------------------------------------------------
Moody's Investors Service has affirmed Clark Atlanta University,
GA's  Ba2 issuer rating. The outlook is stable. The Ba2 rating
reflects a highly vulnerable and volatile student market position
stemming from a narrow and price sensitive enrollment base. The
rating also incorporates heavy dependence on student-related
revenue sources, variable operating performance, and modest
liquidity. The rating favorably reflects improving operating
performance, an emerging trend of enrollment and revenue growth,
and a manageable debt burden.

Rating Outlook

The stable outlook incorporates the expectation that CAU will
continue managing expense growth in line with revenues to generate
cash flow to sufficiently cover debt service and protect its modest
liquidity profile from deteriorating.

Factors that Could Lead to an Upgrade

   -- Significant and sustained growth in unrestricted reserves
      and liquidity

   -- Consistent strong cash flow margins sufficient to cover debt

      service and invest in facilities and programs

   -- Demonstrated ability to sustain revenue growth from
      recurring sources

Factors that Could Lead to a Downgrade

   -- A return to weak cash flow margins

   -- Enrollment volatility

   -- Substantial decline in liquidity or significantly increased
      debt without a corresponding increase in cash flow

Legal Security

The Ba2 rating is an issuer rating not assigned to any debt. The
majority of CAU's debt is financed through the U.S. Department of
Education Historically Black College and University Capital
Financing Program. The university has granted the department a
mortgage interest in the projects financed through the program.

Use of Proceeds

Not applicable

Obligor Profile

Clark Atlanta University, established in 1988 as a result of
consolidating two independent historically black institutions,
Atlanta University (1865) and Clark College (1869), is a private
comprehensive urban research university. The university offers
undergraduate, graduate, and non-degree certificate programs.

Methodology

The principal methodology used in this rating was Global Higher
Education published in November 2015.


CLUB VILLAGE: Taps Korte & Wortman as Special Counsel
-----------------------------------------------------
Club Village, LLC seeks approval from the U.S. Bankruptcy Court for
the Southern District of Florida to hire The Law Office of Korte &
Wortman as its special counsel.

The firm will provide legal services to the Debtor in connection
with its appeal related to the lawsuits involving CW Capital Asset
Management, LLC filed in the Fourth District Court of Appeals.

Korte & Wortman will be paid an hourly rate of $400 for its
services.

Brian Korte, Esq., at Korte & Wortman disclosed in a court filing
that the firm does not represent any interests adverse to the
Debtor or its bankruptcy estate.

The firm can be reached through:

     Brian Korte, Esq.
     The Law Office of Korte & Wortman
     2041 Vista Parkway, Suite 102
     West Palm Beach, FL 33411-6758
     Phone: (561) 228-6200
     Email: BKorte@kwlawfirm.com

                       About Club Village

Club Village, LLC, filed a chapter 11 petition (Bankr. S.D. Fla.
Case No. 16-21497) on Aug. 22, 2016.  The petition was signed by
Fred DeFalco, managing member.  The Debtor is represented by Aaron
A. Wernick, Esq., at Furr & Cohen.  The case is assigned to Judge
Erik P. Kimball.  The Debtor disclosed total assets at $11.5
million and total debts at $11.2 million.


COMMUNICATION SALES: Proposed Structure No Impact on Moody's CFR
----------------------------------------------------------------
Moody's Investors Service said that Communications, Sales &
Leasing, Inc.'s ("CSAL" or "the company") proposal to amend its
senior secured credit agreement and subsequent reorganization to an
"up-REIT" structure will not immediately affect its B2 corporate
family rating. The proposed transaction would allow the company to
create a limited partnership (LP) subsidiary which would become a
co-obligor under the amended credit agreement. Under the proposed
restructuring, the new LP would issue equity units to finance
potential future acquisitions. This is a tax-efficient strategy
which allows target companies to become equity holders in the LP
and defer the tax impact of a sale. LP unit holders can elect to
convert units into common equity in CSAL or cash (at the option of
CSAL) at any time and LP unit holders will receive cash dividends.
Moody's views the proposed transaction favorably as it signals that
CSAL will continue to use equity to finance acquisitions. M&A is
CSAL's primary strategy for growth and to diversify its business
away from its main tenant, Windstream (Windstream Services, LLC B1
stable). With leverage already near the upper limits of its B2
rating, issuing equity to finance transactions will help CSAL grow
and maintain its current ratings.

RATING RATIONALE

Communications Sales & Leasing Inc.'s B2 corporate family rating
(CFR) primarily reflects its tight linkage with Windstream
Services, LLC ("Windstream", B1 stable). CS&L's rating will remain
linked with Windstream unless or until it can diversify its revenue
stream such that Windstream represents meaningfully less than 50%
of CS&L's total revenues. The rating also contemplates CS&L's high
leverage of over 5x and its limited retained free cash flow as a
result of its high dividend payout and the growing capital
intensity of acquired businesses. Offsetting these limiting factors
are CS&L's stable and predictable revenues, its high margins and
the strong contract terms within the master lease agreement between
it and Windstream. CS&L's recent acquisitions of PEG and Tower
Cloud represent a growing degree of revenue diversification which
may help to eventually create some ratings separation between CS&L
and Windstream. CS&L's current M&A trajectory and capital
allocation may result in a stand alone rating over time. But CS&L's
financial policy, specifically its potential use of debt to fund
M&A, could possibly result in a lower rating than if it were linked
to Windstream.

Communications Sales & Leasing, Inc. is a publicly traded, real
estate investment trust (REIT) that was spun off from Windstream
Holdings, Inc. in April of 2015.


CONSOLIDATED MINERALS: S&P Raises CCR to 'CCC+'; Outlook Negative
-----------------------------------------------------------------
S&P Global Ratings said that it raised its long-term corporate
credit rating on manganese ore miner Consolidated Minerals Ltd.
(Jersey) (ConsMin) to 'CCC+' from 'SD' (selective default).  The
outlook is negative.

At the same time, S&P raised its issue rating on ConsMin's
$400 million 8% senior secured notes due 2020 to 'CCC+' from 'D'.
The recovery rating of '4' indicates recovery prospects in the
lower half of the 30%-50% range in the event of a default.

The rating action follows ConsMin's announcement that it has
received its noteholders' consent to defer part of the 2016 and
2017 coupon payments on the notes due 2020.  In S&P's view, under
the amended terms of the debt contract, ConsMin remains highly
dependent on favorable market developments in the coming quarters
to meet its financial obligations.  S&P takes into account the
partial deferral of coupons in 2016 and 2017, which will moderately
increase the company's liquidity headroom.

However, the company has committed to making essential investments
at its Ghanaian operations to secure long-term production.  It
plans to spend up to $12 million over a 21-month period.  In turn,
the company benefits from some medium-term visibility provided by
fixed-price contracts, although S&P factors in that these could
prevent the company from fully leveraging on a potential increase
in spot prices in the coming quarters.  S&P however believes
ConsMin's cash generation to be fairly predictable for the rest of
2016 and in early 2017, providing the company with some, albeit
limited, flexibility to achieve its strategic targets until at
least the first quarter of 2018.

The rating continues to factor in S&P's view of ConsMin's
vulnerable business risk profile, reflecting its high concentration
in terms of products, end markets, mine assets, and customers.  S&P
also sees high country risk associated with Ghana; the Australian
operations are now on care and maintenance.  S&P continues to view
ConsMin's financial risk profile as highly leveraged because S&P
expects EBITDA will be negative this year, and forecast the S&P
Global Ratings-adjusted debt-to-EBITDA figure will remain in high
double digits.

In S&P's base case for ConsMin, S&P assumes:

   -- Negative EBITDA in 2016, recovering to neutral or slightly
      positive in 2017, assuming an average realized price of
      $2 per dry metric tonne unit (dmtu; free on board).
      According to S&P's calculations, if the price were $3 per
      dmtu, EBITDA could turn materially positive and the company
      would generate free cash flow.

   -- Capital expenditure (capex) of about $8 million-$10 million
      in 2016 and $16 million in 2017.

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

   -- Slightly negative to neutral free cash flow in 2017.

   -- Double-digit debt to EBITDA.

The negative outlook indicates that S&P could lower the ratings if
the current upswing in spot prices for manganese ore is not
sustained and weaker prices weigh on ConsMin's liquidity position
in 2017.  Furthermore, the company has limited liquidity headroom
and any operational setback at its single mine in Ghana or in its
key customer relationships could result in pressure on liquidity
and the rating.

S&P could revise the outlook to stable if it sees positive
sustainable trends in manganese ore prices, Chinese steel demand,
and the company's free cash flow before 2018, when the next full
cash coupon payment is due.



CORINTHIAN COLLEGES: Firm Must Show Why Appeal Must Not Be Junked
-----------------------------------------------------------------
Judge Laura Carter Higley of the Court of Appeals of Texas, First
District, Houston, in an order dated August 30, 2016, directed
Scott D. Levy & Associates, P.C. and Scott D. Levy, to file a
written response to the notice of dismissal of the case it filed
against Corinthian Colleges, Inc., providing a detailed
explanation, citing relevant portions of the record, statutes,
rules, or case law to show that the Court has jurisdiction over its
appeal, or the appeal may be dismissed for want of jurisdiction
without further notice.

On Aug. 29, 2014, Scott D. Levy and his firm filed their notice of
appeal in the trial court seeking review of the oral ruling made by
the trial court on August 29, 2014.  The trial court had ordered
appellants to post a $950,000 supersedeas bond within 10 days to
stay execution of the foreign judgment while the foreign case was
on appeal in the U.S. Court of Appeals for the Ninth Circuit.

On Aug. 23, 2016, in compliance with a notice from the Clerk of the
Court, the district clerk filed a second supplemental clerk's
record in the Court.  Among other documents, the district clerk
attached the trial court's order dismissing the underlying lawsuit
with prejudice, signed on June 21, 2016, based on the Ninth
Circuit's June 9, 2016 reversal of the foreign judgment.
Accordingly, because it now appears that there is no final judgment
or appealable order in this case, the Court directs the Clerk of
this Court to reinstate this appeal as an active case on the
Court's docket.

However, the Court generally has jurisdiction only over appeals
from final judgments unless a statute authorizes an interlocutory
appeal.  After the trial court's June 21, 2016 order dismissed the
underlying trial court case with prejudice, it appears that the
clerk's record in this Court does not contain a final judgment or
appealable interlocutory order, and the Court held that it may
dismiss this appeal for want of jurisdiction.

The appeals case is Scott D. Levy & Associates, P.C. and Scott D.
Levy, v. Corinthian Colleges, Inc., No. 01-14-00733-CV (Tex. App.).
A full-text copy of Judge Higley's Order is available at
https://is.gd/sD4lRH from Leagle.com.

Scott D. Levy, for Scott D. Levy & Associates P.C. and Scott D.
Levy, Appellant.

Marc Lance Ellison, for Corinthian Colleges, Inc., Appellee.

                   About Corinthian Colleges

Corinthian Colleges, Inc., et al., were founded in February 1995
and through acquisitions became one of the largest for-profit
post-secondary education companies in the U.S. and Canada.  In
January 2010, Corinthian purchased Heald Capital LLC, which
operated Heald College, a 150 year-old regionally-accredited
institution with 12 campuses.

Corinthian Colleges, Pegasus Education, Inc., and 23 affiliated
entities filed voluntary Chapter 11 petitions (Bankr. D. Del. Lead
Case No. 15-10952) on May 4, 2015, to complete an orderly wind
down
of operations.  The cases are jointly administered under Case No.
15-10952.  Judge Kevin J. Carey presides over the case.  

Corinthian Colleges, Inc., disclosed $721,596,789 in assets and
$2,929,448,278 in liabilities as of the Chapter 11 filing.

The Debtors tapped Richards, Layton & Finger, P.A., as counsel;
FTI Consulting, Inc., as restructuring advisors;
PricewaterhouseCoopers, LLC, as tax advisors; and Rust
Consulting/Omni Bankruptcy as claims and noticing agent.

The U.S. Trustee for Region 3 formed an Official Committee of
Unsecured Creditors and an Official Committee of Student
Creditors. The Creditors Committee retained Brown Rudnick LLP and
Rosner Law Group as attorneys.   The Student Committee tapped
Robins Kaplan LLP and Poslinelli PC as attorneys.

                          *     *     *

The Debtors closed each of their campus locations effective as of
April 27, 2015, and immediately began the process of liquidating
their assets and winding down operations.

The effective date of the Debtors' Third Amended and Modified
Combined Disclosure Statement and Chapter 11 Plan of Liquidation
was Sept. 21, 2015.


CREDITORS SPECIALTY: M. Taing Directed to File Status Report
------------------------------------------------------------
In the case captioned MATTHEW TAING, Plaintiff, v. CREDITORS
SPECIALTY SERVICE, INC., Defendant, Case No. 2:16-cv-00519-APG-PAL
(D. Nev.), Magistrate Judge Peggy A. Leen of the  United States
District Court for the District of Nevada, in a status report dated
Aug. 26, 2016, directed the Plaintiff to file a status report no
later than Oct. 17, 2016, advising the court whether any action has
been taken to pursue Plaintiff's claims through the bankruptcy
court, and if so, an expected timeline for a decision.

If no action has been taken, the court will enter an order to show
cause why Plaintiff's claims should not be dismissed.

The Plaintiff filed the Complaint in March this year.  Discovery in
the case is currently scheduled to close on Oct. 24, 2016.  The
Plaintiff has filed a Motion to Compel Discovery and Request for
Sanctions and a hearing on the Motion was set for Sept. 20.  On
Aug. 13, 2016, the Plaintiff filed a Notice of Bankruptcy Filing by
CSS.  As such, the Plaintiff believes that this matter should be
stayed pending the Chapter 11 proceedings.

A full-text copy of Magistrate Leen's report is available at
https://is.gd/cY56qz from Leagle.com.

Matthew Taing, Plaintiff, represented by David H. Krieger, Haines &
Krieger, LLC.

Creditors Specialty Service, Inc., Defendant, represented by John
T. Oblad, Gold Spike Legal & Neil C. Evans, Law Offices of Neil C.
Evans, pro hac vice.


CRYOPORT INC: Extends Tender Offer Until Oct. 21
------------------------------------------------
Cryoport, Inc. disclosed in a regulatory filing with the Securities
and Exchange Commission that it has extended its issuer tender
offer with respect to the Company's outstanding warrants to
purchase one share of common stock at an exercise price of $3.57
per share until 5:00 p.m., Eastern Time on Oct. 21, 2016, unless
further extended by the Company.  The Offer had been previously
scheduled to expire at 5:00 p.m., Eastern Time on Oct. 14, 2016.

Additionally, the Company has revised certain terms and conditions
of the Offer as set forth in the Company's Tender Offer Statement
on Schedule TO and the related exhibits included therein filed with
the Securities and Exchange Commission to include, without
limitation, (i) a limit of 5,000,000 Original Warrants that will be
accepted by the Company in the Offer and (ii) changes relating to
the Company's solicitation agent in connection with the Offer and
the related fees and expenses.

As of 1:00 p.m., Pacific Time on Oct. 3, 2016, 1,890,119 Original
Warrants were tendered by holders of Original Warrants in
connection with the Offer.

                        About Cryoport

Lake Forest, Calif.-based CryoPort, Inc. (OTC BB: CYRX) provides
comprehensive solutions for frozen cold chain logistics, primarily
in the life science industries.  Its solutions afford new and
reliable alternatives to currently existing products and services
utilized for bio-pharmaceuticals and biologics, including in-vitro
fertilization, cell lines, vaccines, tissue and other commodities
requiring a reliable frozen solution.

Cryoport reported a net loss attributable to common stockholders of
$15.05 million on $5.88 million of revenues for the year ended
March 31, 2016, compared to a net loss attributable to common
stockholders of $12.2 million on $3.93 million of revenues for the
year ended March 31, 2015.

KMJ Corbin & Company LLP, in Costa Mesa, California, issued a
"going concern" qualification on the consolidated financial
statements for the year ended March 31, 2016, citing that
the Company has recurring operating losses from inception and has
used substantial amounts of working capital in its operations.
Although the Company has cash and cash equivalents of $2.8 million
at March 31, 2016, management has estimated that cash on hand will
only be sufficient to allow the Company to continue its operations
through the third quarter of fiscal 2017.  These matters raise
substantial doubt about the Company's ability to continue as a
going concern.


DAILY HAVEN: Seeks Authorization to Use Rialto Cash Collateral
--------------------------------------------------------------
Daily Haven, Inc., asks the U.S. Bankruptcy Court for the Northern
District of Georgia for authorization to use RREF II PB-GA LLC's
cash collateral.

RREF II PB-GA LLC, also known as Rialto, holds a first security
interest in the Debtor's real estate and improvements located
thereon.  The Rialto security interest on the Property is security
for an indebtedness in the original amount of $616,000 and which is
currently an indebtedness in the total amount of $521,360.

The Debtor relates that its sole source of income is directly
related to the use of the property and the facilities thereon.

The Debtor tells the Court that it wants to use cash collateral on
an ongoing basis to preserve the value of its Property for the
benefit of all creditors and other parties in interest.  Debtor
further tells the Court that it intends to use cash collateral in
the ordinary course, or for purposes of carrying on the ordinary
use and preservation of the Property.

Debtor proposes to pay Rialto in the amount of $4,750 per month for
the time period of August, 2016 to February, 2016, with $9,500 paid
instanter.

Daily Haven, Inc. is represented by:

          James B. Cronon, Esq.
          LAW OFFICE OF JAMES B. CRONON, LLC
          345 W. Hancock Ave. Suite 104
          Athens, GA 30601
          Telephone: (706) 395-2759

A full-text copy of the Motion, dated Oct. 3, 2016, is available at
http://bankrupt.com/misc/DailyHavenInc2016_1663419wlh_32.pdf

                 About Daily Haven

Daily Haven, Inc., operates a Home Health Care and Day Center for
individuals with special needs in the Conyers area.

Daily Haven, Inc. filed a chapter 11 petition (Bankr. N.D. Ga. Case
No. 16-63419) on August 1, 2016.  The petition was signed by Suzann
Maughon, owner and chief officer.  The Debtor is represented by
James B. Cronon, Esq., at the Law Office of James B. Cronon, LLC.
The Debtor estimated assets and liabilities at $500,000 to $1
million at the time of the filing.


DELCATH SYSTEMS: Prices Public Offering of Common Stock & Warrants
------------------------------------------------------------------
Delcath Systems, Inc., announced the pricing of an underwritten
public offering of 425,000 shares of its common stock at a price of
$3.00 per share, for gross proceeds of $1,275,000.  Investors will
also receive 0.35 warrants to purchase an additional share of
common stock at an initial exercise price of $3.00 per share, with
a term of five years.  The offering is expected to close on
Oct. 5, 2016, subject to customary closing conditions.

Roth Capital Partners is acting as sole manager for the offering.

The Company intends to use the net proceeds from the offering
(including any resulting from the exercise of the warrants, if any)
for general corporate purposes, including, but not limited to,
funding of its clinical trials, commercialization of its products,
obtaining regulatory approvals, research, capital expenditures and
working capital.

The shares and warrants are being offered by Delcath pursuant to a
registration statement previously filed with and subsequently
declared effective by the Securities and Exchange Commission.  A
prospectus supplement relating to the offering will be filed with
the SEC and will be available on the SEC's website at
http://www.sec.gov.

                         About Delcath

Delcath Systems, Inc. is an interventional oncology Company focused
on the treatment of primary and metastatic liver cancers. Our
investigational product -- Melphalan Hydrochloride for Injection
for use with the Delcath Hepatic Delivery System (Melphalan/HDS) --
is designed to administer high-dose chemotherapy to the liver while
controlling systemic exposure and associated side effects.  The
Company has commenced a global Phase 3 FOCUS clinical trial for
Patients with Hepatic Dominant Ocular Melanoma (OM) and a global
Phase 2 clinical trial in Europe and the U.S. to investigate the
Melphalan/HDS system for the treatment of primary liver cancer
(HCC) and intrahepatic cholangiocarcinoma (ICC).  Melphalan/HDS has
not been approved by the U.S. Food & Drug Administration (FDA) for
sale in the U.S. In Europe, our system has been commercially
available since 2012 under the trade name Delcath Hepatic CHEMOSAT
Delivery System for Melphalan (CHEMOSAT), where it has been used at
major medical centers to treat a wide range of cancers of the
liver.

As of June 30, 2016, Delcath had $41.4 million in total assets,
$35.95 million in total liabilities and $5.43 million in total
stockholders' equity.

Delcath reported a net loss of $14.7 million in 2015, a net loss of
$17.4 million in 2014 and a net loss of $30.3 million in 2013.

Grant Thornton LLP, in New York, New York, issued a "going concern"
qualification on the consolidated financial statements for the year
ended Dec. 31, 2015, citing that the Company has incurred recurring
losses from operations and as of Dec. 31, 2015, has an accumulated
deficit of $261 million.  These conditions raise substantial doubt
about the Company's ability to continue as a going concern.


DELIVERY AGENT: Seeks to Hire Epiq as Administrative Advisor
------------------------------------------------------------
Delivery Agent, Inc. seeks approval from the U.S. Bankruptcy Court
for the District of Delaware to hire Epiq Bankruptcy Solutions,
LLC.

The firm will serve as administrative advisor of Delivery Agent and
its affiliates in connection with their Chapter 11 cases.  The
services to be provided by the firm include:

     (a) assist in the solicitation and tabulation of votes, and
         prepare any reports required for confirmation of a
         Chapter 11 plan;

     (b) generate an official ballot certification and testify, if

         necessary, in support of the ballot tabulation results;

     (c) provide a confidential data room;

     (d) assist in the preparation of the Debtors' schedules of
         assets and liabilities and statements of financial
         affairs; and

     (e) manage any distributions pursuant to a confirmed plan.

The firm's hourly rates are:

     Clerical/Admin Support        $25 - $45    
     Case Manager                  $70 - $165
     IT/Programming                $65 - $85
     Consultants/Directors        $160 - $190
     Solicitation Consultant             $190
     Other Executives              No Charge

Todd Wuertz, director at Epiq's consulting services division,
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:

     Todd W. Wuertz
     Epiq Bankruptcy Solutions, LLC
     824 N. Market Street, Suite 412
     Wilmington, DE 19801

                       About Delivery Agent

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

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

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

The cases are assigned to Judge Laurie Selber Silverstein.


DELIVERY AGENT: Seeks to Hire Houlihan as Investment Banker
-----------------------------------------------------------
Delivery Agent, Inc. seeks approval from the U.S. Bankruptcy Court
for the District of Delaware to hire Houlihan Lokey Capital, Inc.
as investment banker.

Houlihan will provide these services in connection with the Chapter
11 cases of Delivery Agent and its affiliates:

     (a) assist the Debtors in the development and distribution of

         selected information and documents;

     (b) assist the Debtors in evaluating indications of interest
         and proposals for a transaction from current or potential

         lenders, equity investors, acquirers and strategic
         partners;

     (c) assist the Debtors in negotiating a transaction;

     (d) provide expert advice and testimony regarding financial
         matters related to a transaction, if necessary;

     (e) attend meetings of the Debtors' Board of Directors,
         creditor groups and official constituencies; and

     (f) provide the Debtors with regular updates and reports.

The Debtors propose this fee structure to compensate Houlihan for
its services:

     (1) Monthly Fees.  A nonrefundable cash fee of $75,000,
         payable on the 18th day of every month.  One hundred
         percent of the September and October 2016 monthly fees
         previously paid and 33% of the monthly fees paid
         thereafter will be credited against the next "transaction

         fee."

     (2) Transaction Fees.  The Debtors propose these three
         types of transaction fees:

         * Restructuring Transaction Fee.  Houlihan will earn a
           cash fee of $1 million upon the earlier to occur of
          (a) in the case of an out-of court "restructuring
           transaction," the closing of such transaction; and (b)
           in the case of an in-court restructuring transaction,
           the effective date of a Chapter 11 plan.

         * Sale Transaction Fee. Upon the closing of each sale
           transaction, Houlihan will earn a cash fee based upon
           "aggregate gross consideration" calculated as follows:
          
          (a) for AGC up to the amount of the credit bid amount,
              $700,000, plus;

          (b) for AGC in excess of the credit bid amount and up to

              an additional $2.5 million, 4% of the incremental
              AGC, plus;

          (c) for AGC in excess of the credit bid amount by more
              than $2.5 million, 7% of the incremental AGC.

         * Financing Transaction Fee.  Upon the closing of each
           financing transaction, Houlihan will earn a cash fee
           equal to the greater of $1 million, or the sum of:

           (a) 2% of the gross proceeds of any indebtedness raised

               or committed that is senior to other indebtedness
               of the Debtors;

           {b) 3% of the gross proceeds of any indebtedness raised

               or committed that is secured by a lien, is
               unsecured or is subordinated; and

           (c) 5% of the gross proceeds of all equity or equity-
               linked securities placed or committed.

Ryan Sandahl, director of Houlihan, 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:

     Ryan Sandahl
     Houlihan Lokey Capital, Inc.
     111 South Wacker Drive, 37th Floor
     Chicago, IL 60606
     Tel: (312) 456-4700
     Fax: (312) 346-0951

                       About Delivery Agent

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

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

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

The cases are assigned to Judge Laurie Selber Silverstein.


DENNIS EDWARDS: Amends Plan Outline Over Deals With 3 Creditors
---------------------------------------------------------------
Dennis Edwards filed with the Bankruptcy Court an Amended
Disclosure Statement dated Sept. 30, 2016, in support of his
Chapter 11 Plan.

The Amended Disclosure Statement contains revisions to accommodate
the Consent achieved by and between the Debtor and Bally's Park
Place, Boardwalk Regency Corp. and Marina Associates.

The 3 creditors have restructured their claims so that a reasonable
portion is secured and may be paid and satisfied through the Plan
while the balance is unsecured and remains within the Allowed
Unsecured Claims Class.

With these changes, total face amount of unsecured claims is
$10,019,491, subject to reduction based on ongoing disputes.

A red-lined version of the Amended Disclosure Statement dated Sept.
30, 2016, is available at:

          http://bankrupt.com/misc/mdb15-17473-199.pdf

A hearing for the combined Disclosure Statement approval and Plan
confirmation has been scheduled for Nov. 15, 2016, at 10:30 a.m.

                     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.


DIFFERENTIAL BRANDS: Sets Annual Stockholders Meeting for Nov. 7
----------------------------------------------------------------
The Board of Directors of Differential Brands Group Inc. has set
the date of the Company's 2016 annual meeting of stockholders as
Nov. 7, 2016.  Because the date of the 2016 Annual Meeting has been
changed by more than 30 days before the anniversary of the 2015
Annual Meeting of Stockholders, an updated deadline applies for
submission of stockholder proposals, including director
nominations, to be considered for inclusion in the Differential’s
2016 proxy materials.  In accordance with Rule 14a-5(f) under the
Securities Exchange Act of 1934, as amended, the Company filed a
current report on Form 8-K to inform stockholders of this change
and the new dates for submission of proposals referred to in Rule
14a-5(e) under the Exchange Act.

Rule 14a-8 Proposals

Stockholders of the Company who wish to have a proposal considered
for inclusion in the Company's proxy materials for the 2016 Annual
Meeting pursuant to Rule 14a-8 under the Exchange Act must ensure
that such proposal is received by the Company's Secretary at the
Company's by the close of business on Oct. 13, 2016.  The Company
has determined this date to be a reasonable time before it expects
to begin to print and send its proxy materials for the 2016 Annual
Meeting. The notice must be sent to the Company's principal
executive offices located at 1231 S. Gerhart Avenue, Commerce,
California 90022.  Any such proposal must also meet the
requirements set forth in the rules and regulations of the
Securities and Exchange Commission to be eligible for inclusion in
the 2016 Annual Meeting's proxy materials.  The Oct. 13, 2016,
deadline will also apply in determining whether notice of a
stockholder proposal is timely for purposes of exercising
discretionary voting authority with respect to proxies under Rule
14a-4(c) under the Exchange Act.

Proposals Outside of Rule 14a-8

In accordance with the advance notice provisions contained in our
Amended and Restated Bylaws, adopted as of July 6, 2015,
stockholders who wish to bring business before the 2016 Annual
Meeting outside of Rule 14a-8 under the Exchange Act, including
director nominations, must ensure that written notice of such
proposal is received by the Company's Secretary by the close of
business on Oct. 13, 2016.  The notice must be sent to the
Company's principal executive offices at the address noted above
and must contain the information required by our Bylaws.

Pursuant to our Bylaws, if the date of the annual meeting is more
than 30 days before or more than 60 days after the one-year
anniversary date of the preceding year's annual meeting, notice by
the stockholder must be given (i) no earlier than the opening of
business on the 120th day before the annual meeting and (ii) not
later than the later of the close of business on the 90th day
before the annual meeting or the close of business on the tenth day
following the day on the Company first publicly announces the date
of the annual meeting.  The Board has established as the deadline
for these proposals October 13, 2016, as it is the ninth day
following the Company's first public announcement of the date for
the 2016 Annual Meeting.

                  About Differential Brands

Differential Brands Group Inc., formerly Joe's Jeans Inc., is a
platform that focuses on branded operating companies in the premium
space.  The Company's focus is on organically growing its brands
through a global, omni-channel distribution strategy while
continuing to seek opportunity to acquire accretive, complementary,
premium brands.  The Company's current brands are Hudson, a
designer and marketer of women's and men's premium branded denim
apparel, and Robert Graham, a sophisticated, eclectic style to the
fashion market as an American-based company with an intention of
inspiring a global movement.

Joe's Jeans Inc. has completed the merger combining Hudson Jeans
and Robert Graham.  Additionally, the company has been renamed
Differential Brands Group Inc. and will remain publicly listed on
NASDAQ under the ticker DFBG.

Differential Brands reported a net loss and comprehensive loss of
$32.3 million on $80.2 million of net sales for the year ended Nov.
30, 2015, compared to a net loss and comprehensive loss of $27.7
million on $84.2 million of net sales for the year ended Nov. 30,
2014.

As of June 30, 2016, the Company had $156.41 million in total
assets, $107.08 million in total liabilities and $49.32 million in
total equity.


DREAMWORKS ANIMATION: S&P Withdraws 'B-' Issue-Level Rating
-----------------------------------------------------------
S&P Global Ratings said that it removed its ratings on DreamWorks
Animation SKG Inc. from CreditWatch, where S&P had placed them with
positive implications on April 29, 2016.

At the same time, S&P raised the corporate credit rating to 'A-'
from 'B-', in line with S&P's rating on DreamWorks' new ultimate
parent, Comcast Corp.  The outlook is stable.  S&P subsequently
withdrew the rating at the company's request.

S&P also withdrew its 'B-' issue-level rating on DreamWorks'
$300 million senior unsecured 6.875% notes following Comcast's full
redemption of the notes on Sept. 21, 2016.

S&P had placed its ratings on CreditWatch when the acquisition was
announced in April.



DYNEGY INC: Reaches Restructuring Agreement with Genco Bondholders
------------------------------------------------------------------
Dynegy Inc. on Oct. 3, 2016, disclosed that it has reached an
agreement in principle with Illinois Power Generating Company
(Genco) and an ad hoc group (Ad Hoc Group) of Genco bondholders to
restructure $825 million in unsecured debt at Genco.  The economic
terms and proposed implementation steps, which are not binding on
any party, were included in an 8-K filing pursuant to
non-disclosure agreements previously signed by Dynegy Inc. and
members of the Ad Hoc Group which required that all material
non-public information provided to the Ad Hoc Group as part of
restructuring discussions be publicly disclosed on October 3,
2016.

Key terms of the proposed restructuring include:

   * $825 million in existing 2018, 2020 and 2032 Genco notes to be
exchanged for:

        -- $210 million in new 7-year Dynegy Inc. unsecured notes
with terms and covenants consistent with existing Dynegy Inc.
unsecured bonds.  Pricing on the new notes intended to be
consistent with the yield on Dynegy's 2023 unsecured bond at the
time of issuance

        -- $139 million cash consideration, including the $9
million restructuring support agreement (RSA) payment outlined
below, funded with existing Illinois Power Holdings cash balances
and collateral synergies

        -- 10 million Dynegy Inc. warrants with a 7-year tenor and
strike price of $35 per share

   * Simultaneous solicitation of Genco noteholders to effectuate
either an out of court restructuring or a prepackaged chapter 11
filing

   * Genco to continue making interest payments on the Genco notes,
with payments netted against the proposed cash consideration

Dynegy, Genco and the Ad Hoc Group have agreed that holders of the
Genco notes who enter into a restructuring support agreement (RSA)
on or before a date to be agreed will be paid their pro rata share
of $9 million in cash upon consummation of a transaction.  In the
interim, Dynegy and the Ad Hoc Group have entered into agreements
providing that members of the Ad Hoc Group will not dispose of any
of their Genco notes or enter into any swap or other transaction
that transfers the economics of their Genco notes prior to the
earlier of the execution of the RSA and October 14, 2016.  The
lock-up agreements are to allow the parties to continue to work on
finalizing the terms of a transaction.

                            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.


EDGARDO ACEVEDO: Unsecureds to Get 6% Recovery Under Ch. 11 Plan
----------------------------------------------------------------
Edgardo Acevedo Badillo and Jennifer Enid Jimenez filed with the
U.S. Bankruptcy Court for the District of Puerto Rico a disclosure
statement describing their Chapter 11 Plan dated Sept. 25, 2016.

The Plan establishes 8 classes of claims, plus two categories of
unclassified claims (for administrative expenses and for priority
taxes).

Priority Taxes (Unclassified) includes the claim of the IRS in the
priority amount of $ 3,738.31 (Claim No. 2).  All priority tax
claims will be paid in full, with interest at the statutory rate on
such claims, in equal quarterly cash payments commencing 90 days
after the Effective Date, amortized over the remaining period of 5
years from the Petition Date, unless a different treatment is
agreed to or provided for in the Plan.

Class A (Priority (non-tax) Claims) will be paid in full, in cash,
by the Debtor on the Effective Date or as soon thereafter.

Class B Cooperativa de A/c de Aguada [COOPERATIVA] is a secured
claim (POC #5) in the amount of $340,390.76 as of the filing date,
on the Debtor's commercial real estate at Road #2, Km 108.2, Coto
Ward, Isabela, Puerto Rico. The secured claim which is secured
against such real property is valued at $450,000.00 as of the
Effective Date of the plan. If "Cooperativa" disputes the value of
the collateral stated above, it must timely file an objection to
confirmation, or the value stated by Debtor will be determined to
be the value of the collateral. The secured portion of the claim
shall be paid in 180 monthly payments of $2,560.69, amortized over
15 at an interest rate of 4.25% per annum, plus an escrow deposit
for taxes and insurance as provided in the existing loan
documents.

Class C Secured Claim of Cooperativa de A/c de Aguada [COOPERATIVA]
consists of the secured prepetition claim of COOPERATIVA, (Claim
No. 4), in the amount of $247,188.59 as of the filing date, secured
by a MORTGAGE LOAN dully registered on the Debtor's undeveloped
real estate 22,298.02 s/m lot, located at Montana ward, Aguadilla,
Puerto Rico.  The Loan is secured by certain savings and shares of
the Debtor in the amount of $19,609, pursuant to the statutory lien
created by the Article 6.03(c), of Act Number 255 of October 28,
2002.  Debtors surrender savings and shares to Cooperativa de A/C
de Aguada. Debtors surrender collateral.

Class C-1 Cooperativa de A/c de Aguada [COOPERATIVA] is a secured
claim which consists of the pre and post-petition arrears claim of
COOPERATIVA, Claim No 5, in the amount of $41,327.68.  Such arrears
shall be paid in 120 months.  For the first 36 monthly payments,
debtor will pay $175.00; the remaining 84 months, debtor will pay
$402.52.

Class D (Claim No. 6) of Banco Popular de Puerto Rico [BPPR], now,
Condado 3, LLC (PO BOX 70291, SAN JUAN, PR 00936) is secured claim
consisting of the secured prepetition claim of BPPR, in the amount
of $170,101.93 as of the filing date, secured by a second rank
Mortgage Note dully registered on the Debtor's real estate at real
estate on undeveloped 22,298.02 s/m lot, located at Montana Ward,
Aguadilla, Puerto Rico. Debtors surrender collateral to creditor.

Class E consists of the secured claim of Reliable $23,424 (Claim
No. #1 filed on 8/7/2015), which is secured by a purchase money
security on vehicle 2014 Kia Sorrento. Debtor has maintained this
account current.  This class is not impaired.  Vehicle has double
interest insurance.

Class F Firstbank secured claim consists of the secured prepetition
claim of Firstbank, (Claim No. 3), in the amount of $281,384 as of
the filing date.  The amount due under this class will be paid in
full but on modified terms.  On the effective date of the plan, the
outstanding secured debt of this creditor will be restructured,
under either of the two alternatives to be determined at the
discretion of the creditor: 1) into an installment payment plan
calling for consecutive monthly payments to pay a secured amount of
$281,984.31 as fixed herein in cash and in full with interest
computed at fixed interest rate of 3.5%, payable in monthly
payments of no more than $1,266.24 during a period of 360 months,
this payment including escrow reserves. 2) into an agreed loan
modification relief agreement that could be negotiated with the
secured creditor as these may be available to preserve and maintain
this residential dwelling through any available alternatives
including but not limited to the Home Affordable Modification
Program guidelines adopted by the government's initiative to avoid
residential foreclosures.

Class G (General Usecured Claims), the total amount of which
(whether claimed or listed) subject to distribution is $129,169.
Class G claimants will receive from the Debtor a non-negotiable,
interest bearing at 3.25% annually, promissory note dated as of the
Effective Date. Creditors in this class shall receive a total
repayment of 6% of their claimed or listed debt which equals to
$9,117 to be paid pro rata to all allowed claimants under this
class.  Unsecured Creditors will receive monthly payment of $75.98
to be distributed pro rata among them, for a 10-year term.  The
first payment will be made on June 1, 2017.

If Class G votes to accept the Plan, the total payment to the
holders of Class F claims will be increased to 10%, payable at 3.5%
interest bearing note to be tendered upon the effective date
payable in 120 monthly installments from the effective date of the
plan.

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

        http://bankrupt.com/misc/prb15-05928-87.pdf  

The Debtor is represented by:

     MIRIAM S. Lozada Ramirez, Esq.
     Telephone: (787) 834-3004     
     Facsimile: (787) 986-7346     
     E-mail: miriamlozada@gmail.com

Edgardo Acevedo Badillo and Jennifer Enid Jimenez Ramos sought
protection under Chapter 11 of the Bankruptcy Code (Bankr. D.P.R.
Case No. 15-05928) on Aug. 3, 2015.


EDWARD STAY: Plan Receiver Selling Shoreline Property for $1.2M
---------------------------------------------------------------
Resource Transition Consultants, LLC, the receiver appointed under
the confirmed Chapter 11 plan for the estate of Edward Stay, asks
the U.S. Bankruptcy Court for the Western District of Washington to
approve the sale of real property located at 17015 15th Ave NW,
Shoreline ("Shorline Property") for $1,220,000.

A hearing on the Motion is set for Oct. 28, 2016 at 9:30 a.m.  The
objection deadline is Oct. 21, 2016.

On March 17, 2015, pursuant to the Confirmation Order, the Second
Amended Creditors Plan of Liquidation ("Plan") was confirmed by the
Court.

The properties to be liquidated under the Plan include three
parcels of real property (and the associated personal property),
two located on Barnum Point, Camano Island, Washington ("Camano
Properties").  The last property is the Stay residence which was to
be sold only if the Camano sales were insufficient to pay creditors
in full or after 18 months from the Effective date.  Both Camano
Sales have been approved.  One sale has closed and the other will
close on Oct. 15, 2016.  The contracted sales are not sufficient to
pay creditors and in any event the 18 month tolling lapsed on Sept.
17, 2016.

On Sept. 27, 2016, the Plan Receiver and the Buyer reached mutual
acceptance on a purchase and sale agreement for the Shoreline
Property ("PSA").

The Plan provides for 15 days' notice for proposed sales that are
approved by the Advisory Committee.  On Sept. 28, 2016, the counsel
for the Plan Proponent notified the Advisory Committee of the PSA
and the purchase price, and has received no objections. The matter
is noted for Oct. 28, 2016.

The Shoreline Property was valued on Zillow.com and Redfin.com
between $950,000 and 1,050,000.  In conferring with the broker it
was decided to list the property higher at $1,150,000.  There was
substantial interest and the Plan Receiver has accepted an offer at
$1,220,000.

The Plan provides for the sale of the real properties of the
Debtors free and clear of liens.  The Receiver proposes to pay the
undisputed amount of real property taxes directly from closing to
avoid continued accrual of interest charges and other costs, and to
pay the delinquent first lien obligation to Washington Federal
directly from closing.  Subordinate liens or encumbrances will
attach to the proceeds of sale net of the Plan Receiver's
compensation and the Shoreline Property will be transferred to the
Buyer free and clear of liens.

Liens as of confirmation were:

          a. Washington Federal Savings: $431,000
          b. Herb Chin: $30,000
          c. Juniper Loan Servicing: $2,650,000
          d. Steve Gouge: $230,000
          e. Michael Rogers: $10,000

Washington Federal lien amount is under $450,000.  Chin, Gouge and
Roger's liens have substantial accrued interest with the Chin lien
estimated at $60,000.  Juniper's lien will be substantially reduced
by the Camano proceed and it is unlikely there will be net funds
for Gouge and Rogers liens.

Experience in receivership sales and bankruptcy sales has
demonstrated that allowing an objecting party to highjack a sale
and place the proceeding in limbo by the simple act of filing a
notice of appeal is the background for 11 U.S.C. Section 363(m)
which provides that such an appeal, regardless of outcome, will not
affect the validity of the sale. The provision gives a buyer
assurance that, even in a contested sale proceeding, they will
receive clear title to the property and will not be adversely
impacted by continued litigation or appeals.  The protection that
flows from the statute is extremely important to buyers and is
therefore submitted as part of the order approving arm's length
sales. The Receiver seeks protections of 11 U.S.C. Section 363(m)
for the Buyer as part of the transaction.

Edward Lawrence Stay and Amy Louise Norwood Stay sought Chapter 11
protection (Bankr. W.D. Wash. Case No. 14-14940) on June 26, 2014.

On March 17, 2015, the Debtor's Second Amended Creditors Plan of
Liquidation was confirmed by the Court.  The properties to be
liquidated under the Plan include two parcels of real property
located on Barnum Point, Camano Island, Washington.


ELEPHANT TALK: Sold $270,000 Worth of Preferred Shares
------------------------------------------------------
From September 28 through Sept. 30, 2016, Elephant Communications
Corp. consummated closings of its private placement offering of
Series A Preferred Stock, par value $0.00001 per share, to
"accredited investors", including the executive chairman of the
Board of Directors and a director of the Company.  At the Closings,
the Company sold 27 shares of Series A Preferred Stock for
aggregate gross proceeds of $270,000.  The Closings are part of a
"best efforts" private placement offering of up to $1,500,000
consisting of up to 150 shares of Series A Preferred Stock.  As of
Oct. 4, 2016, 149 shares of Series A Preferred Stock have been sold
by the Company for gross proceeds to the Company of approximately
$1.49 million.

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

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

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

In connection with the Offering, the Company retained a placement
agent.  The Company agreed to pay the placement agent, subject to
certain exceptions, a cash fee equal to eight percent (8%) of the
aggregate gross proceeds raised by the Placement Agent in the
Offering plus the reimbursement of certain out-of-pocket expenses.

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

                      About Elephant Talk

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

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

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

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


ELITE RESEARCH: Case Summary & 20 Largest Unsecured Creditors
-------------------------------------------------------------
Debtor: Elite Research Institute, Inc.
        15705 NW 13 Avenue
        Miami, FL 33169

Case No.: 16-23683

Chapter 11 Petition Date: October 5, 2016

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

Judge: Hon. Robert A Mark

Debtor's Counsel: Jacqueline Calderin, Esq.
                  EHRENSTEIN CHARBONNEAU CALDERIN
                  501 Brickell Key Drive #300
                  Miami, FL 33131
                  Tel: 305.722.2002
                  Fax: 305.722.2001
                  E-mail: jc@ecclegal.com

Estimated Assets: $0 to $50,000

Estimated Liabilities: $1 million to $10 million

The petition was signed by Antolin Benitez, president.

A copy of the Debtor's list of 20 largest unsecured creditors is
available for free at http://bankrupt.com/misc/flsb16-23683.pdf


ELIZABETH ARDEN: M&G Investment No Longer a Shareholder
-------------------------------------------------------
In an amended Schedule 13G filed with the Securities and Exchange
Commission, M&G Investment Management Limited and M&G Investment
Funds disclosed that as of Sept. 7, 2016, they have ceased to
beneficially own any shares of common stock of Elizabeth Arden Inc.
A full-text copy of the regulatory filing is available for free at
https://is.gd/hN0LdM

                     About Elizabeth Arden

Headquartered in Pembroke Pines, Florida, Elizabeth Arden, Inc. is
a global prestige beauty products company with an extensive
portfolio of prestige fragrance, skin care and cosmetics brands.

Elizabeth Arden reported a net loss attributable to the Company's
common shareholders of $74.37 million for the year ended June 30,
2016, a net loss attributable to common shareholders of $246.32
million for the year ended June 30, 2015, and a net loss
attributable to common shareholders of $145.72 million for the year
ended June 30, 2014.

As of June 30, 2016, Elizabeth Arden had $799.53 million in total
assets, $687.31 millin in total liabilities, $2.34 million in
redeemable noncontrolling interest, $50 million in redeemable
series A serial preferred stock, and $59.87 million in total
shareholders' equity.


ENERGEN CORP: S&P Affirms 'BB' CCR; Outlook Remains Stable
----------------------------------------------------------
S&P Global Ratings affirmed its 'BB' corporate credit rating on
Birmingham, Ala.-based exploration and production (E&P) company
Energen Corp.  The outlook remains stable.

At the same time, S&P affirmed the 'BB' issue-level rating on the
company's senior unsecured notes with a recovery rating of '3',
reflecting S&P's expectation for average recovery (30% to 50%) in
the event of default.  S&P also affirmed the 'BBB-' issue-level
rating on Energen's $1.05 billion secured credit facility.  The
recovery rating on the facility is '1' reflecting S&P's expectation
of very high (90% to 100%) recovery in the event of a payment
default.

"The rating affirmation reflects our assessment of Energen Corp.'s
success at using asset sale and equity proceeds to improve
financial leverage and focus on becoming a pure-play Permian Basin
operator," said S&P Global Ratings credit analyst Aaron McLean.

Although the company has improved financial metrics, it has also
downsized its overall proved-developed reserve scale and geographic
diversity by selling off noncore assets in the San Juan Basin and
focusing entirely on development within the Midland and Delaware
basins.  However, S&P views the company's Permian properties
favorably given the basin's low-cost, high-output profile, which
will allow the company to develop reserves and increase production
economically at S&P's current commodity price assumptions.  The
ratings on Energen incorporate S&P's assessment of the company's
weak business risk, intermediate financial risk profile, and strong
liquidity.

The stable rating outlook on Energen reflects S&P's expectation
that the company will maintain FFO to debt above 20% and debt to
EBITDA below 3x, while continuing to develop its oil-rich Permian
properties.

S&P could lower the ratings if a period of lower commodity prices
leads to a decline in production or if management pursues more
aggressive spending plans, resulting in FFO to debt falling to less
than 20% on an ongoing basis under S&P's commodity price
assumptions.

S&P could raise ratings if increased its proved reserves and
liquids production to levels more comparable to those of
higher-rated peers, while maintaining moderate credit measures and
at least adequate liquidity.  The successful development of
properties outside of the Permian basin, which would increase
geographic diversification, could also result in a more favorable
assessment of Energen's business risk profile.



ENTERPRISE CLOUDWORKS: Debt-to-Equity Plan Has 20% for Unsecureds
-----------------------------------------------------------------
Enterprise Cloudworks, Incorporated, filed a proposed plan of
reorganization that will convert $742,920 of secured debt into
equity and provide for a recovery of up to 20% for unsecured
creditors.

The Plan embodies a settlement among the Debtor and R&F
International Holdings, LLC, its senior secured creditor, under the
2016 Credit Agreement on a consensual transaction that will reduce
the Debtor's total debt by $742,920 as of the Petition Date.

R&F provided the Debtor a $1 million superpriority priming DIP
credit facility to enable the Debtor to support operations during
the Chapter 11 case.  The DIP facility will be repaid in full by
the exit facility, which will also be provided by R&F.

The Debtor has determined that a prolonged Chapter 11 case would
damage its ongoing business operations and threaten its viability
as a going concern.  Under the Plan, the Debtor will equitize 100%
of its obligations under the 2016 Credit Agreement and thereby
de-lever the Debtor's balance sheet by approximately $742,920.
After emergence from Chapter 11, the Debtor's debt obligations with
recourse to the Reorganized Debtor will be the exit facility
comprised of a revolving credit facility in the amount of
$1,500,000 with availability as of the Effective Date sufficient to
pay transaction expenses, to pay the initial distributions required
under the Plan, provide the Reorganized Debtor with working capital
necessary to run its business and to refinance the DIP Facility.

The Debtor's Plan provides that each holder of an allowed general
unsecured claim will receive the lesser of (a) 20% of its allowed
claim or (b) a pro-rata share of $375,000.  No general unsecured
claim will be allowed to the extent that is for postpetition
interest, fees or other similar postpetition charges.

If the total amount of allowed general unsecured claims do not
exceed $1,875,000, holders of the claims will receive a 20%
distribution.  On the other hand, if the total allowed unsecured
claims total one of four alternative hypothetical amounts,
$2,005,000, $2,130,000, $2,600,000 or $2,800,000 the distribution
will be 19%, 18% 14% or 13%, respectively.

Holders of 2016 Credit Agreement claims and general unsecured
claims are impaired and entitled to vote on the Plan.  Holders of
interests are deemed to reject the Plan.

A copy of the Disclosure Statement is available for free at:

    http://bankrupt.com/misc/paeb16-15198_67_DS_ECI.pdf

                    About Enterprise Cloudworks

With executive offices in Bryn Mawr, Pennsylvania, Enterprise
Cloudworks, Incorporated, was formed with the intention to develop
an innovative no-code software development platform that would be
used to rapidly develop enterprise software.  The no-code software
development platform software is still in the development stage.

Enterprise Cloudworks filed a chapter 11 petition (Bankr. E.D. Pa.
Case No. 16-15198) on July 22, 2016.  The petition was signed by
Christopher Gali, CEO & Co-Founder.  The case is assigned to Judge
Stephen Raslavich.

The Debtor reported total assets of $329,777 and total liabilities
of $2.46 million as of July 8, 2016.

The Debtor engaged Maschmeyer Karalis, P.C., in Philadelphia, as
counsel, and Eisner Amper LLP as financial advisor.

The Court established Sept. 9, 2016 as the general bar date and
Jan. 19, 2017 as the governmental unit bar date.


ENTERPRISE CLOUDWORKS: Targeting Mid-November Confirmation of Plan
------------------------------------------------------------------
Enterprise Cloudworks, Incorporated, asks the U.S. Bankruptcy Court
for the Eastern District of Pennsylvania to establish these dates
with respect to the approval of its Disclosure Statement and
confirmation of its Chapter 11 Plan:

   a. Oct. 7, 2016:  Date to disseminate Plan, Disclosure Statement
and Voting Materials - Solicitation Date & Voting Record Date.

   b. Nov. 7, 2016:  Deadline for submission of ballots on the Plan
- Voting Deadline

   c. Nov. 7, 2016: Deadline for objections to confirmation of the
Plan - Objection Deadline

   d. Nov. 11, 2016:  Deadline for submission of Report of Plan
Voting

   e. Nov. 16, 2016: Hearing on Confirmation of the Plan.

The Debtor believes that the proposed timeline is appropriate under
the circumstances and will provide creditors and
parties-in-interest with sufficient notice and adequate time to
review the Plan and the Disclosure Statement, and determine, after
such review, whether to vote to accept or reject the Plan.  In
addition, it will allow the Debtor to resolve its Chapter 11 case
expeditiously, thereby minimizing restructuring costs and
maximizing value for the benefit of all credit constituencies.

The Debtor filed a proposed plan of reorganization that will
convert $742,920 of secured debt into equity and provide for a
recovery of up to 20% for unsecured creditors.

                    About Enterprise Cloudworks

With executive offices in Bryn Mawr, Pennsylvania, Enterprise
Cloudworks, Incorporated, was formed with the intention to develop
an innovative no-code software development platform that would be
used to rapidly develop enterprise software.  The no-code software
development platform software is still in the development stage.

Enterprise Cloudworks filed a chapter 11 petition (Bankr. E.D. Pa.
Case No. 16-15198) on July 22, 2016.  The petition was signed by
Christopher Gali, CEO & Co-Founder.  The case is assigned to Judge
Stephen Raslavich.

The Debtor reported total assets of $329,777 and total liabilities
of $2.46 million as of July 8, 2016.

The Debtor engaged Maschmeyer Karalis, P.C., in Philadelphia, as
counsel, and Eisner Amper LLP as financial advisor.

The Court established Sept. 9, 2016 as the general bar date and
Jan. 19, 2017 as the governmental unit bar date.


FERRELLGAS PARTNERS: Moody's Lowers CFR to B2, Outlook Negative
---------------------------------------------------------------
Moody's Investors Service downgraded Ferrellgas Partners, LP's
Corporate Family Rating to B2 from B1 and senior unsecured notes
rating to Caa1 from B3.  At the same time, Moody's downgraded
Ferrellgas LP's (OLP) senior unsecured notes to B3 from B2.
Ferrellgas' Speculative Grade Liquidity (SGL) rating was affirmed
at SGL-3.  The outlook was changed to negative from stable.

The downgrade reflects a sharp increase in financial leverage
following a significant loss of EBITDA in Ferrellgas' midstream
crude oil and water logistics operations resulting from its
contract termination with Jamax Marketing, LLC.  Moody's expects
Ferrellgas will continue to operate with tight liquidity and high
leverage through calendar 2017 even with anticipated distribution
reductions.

Issuer: Ferrellgas Partners L.P.

Downgraded:

  Corporate Family Rating, Downgraded to B2 from B1

  Probability of Default Rating, Downgraded to B2-PD from B1-PD

  Senior Unsecured Regular Bond/Debentures, Downgraded to Caa1
   (LGD6) from B3 (LGD6)

Affirmed:

  Speculative Grade Liquidity Rating, Affirmed SGL-3

Outlook Actions:

  Outlook, Changed To Negative From Stable

Issuer: Ferrellgas, L.P.

Downgraded:

  Senior Unsecured Regular Bond/Debentures, Downgraded to B3
   (LGD4) from B2 (LGD4)

Outlook Actions:

  Outlook, Changed To Negative From Stable

                         RATINGS RATIONALE

The B2 CFR reflects Ferrellgas' high financial leverage, dimmed
earnings prospects for its midstream businesses in a challenged
commodity price environment, the seasonal nature of propane sales
with significant dependency on cold winter months and the
associated volatility in cash flows, and the inherent risks of the
master limited partnership (MLP) business model, which generally
includes high recurring cash distributions to unitholders.  Despite
management's recent announcement to reduce distributions to $1/unit
from the current $2.05/unit level, Moody's believes Ferrellgas will
not be able to delever quickly, even with a normal or cold winter.
The B2 CFR also considers the increasing customer conservation
trends, the growing use of natural gas as a competing source of
energy, and the ongoing need to make acquisitions to offset
secularly declining volumes.  The rating is favorably impacted by
the partnership's substantial scale and geographic diversification
that facilitate cost efficiencies in the fragmented propane
distribution industry, its utility-like services that provide a
base level of revenue, and a propane tank exchange business which
generates complementary cash flows during summer months.

Ferrellgas should have adequate liquidity through calendar 2017 as
indicated by the SGL-3 rating, based on Moody's expectation that
management will reduce distributions to a level that would
facilitate debt reduction and ongoing compliance with the credit
agreement financial covenants.  Moody's expects Ferrellgas to
generate roughly $350-360 million of EBITDA (adjusted for operating
leases) in fiscal year 2017 after considering an 80% decline in its
midstream EBITDA and assuming normal winter temperatures.
Ferrellgas had $5 million of cash on hand as of July 31, 2016, and
$293 million outstanding under its $700 million secured credit
facility, which matures in October 2018.  However, revolver
availability will be limited by the financial covenants. The
partnership's working capital needs are highly seasonal, with peak
borrowings during the winter season that can significantly
fluctuate with volatile propane prices.  Financial covenants under
the credit agreement include a senior leverage ratio (maximum
2.5x), an interest coverage ratio (minimum 2.75x), as well as a
total leverage covenant ranging from 6.05x at October 31, 2016 to
5.95x at Jan. 31, 2018.  The total leverage covenant reverts to
5.5x at April 30, 2018, and thereafter.  The partnership also has
an accounts receivable (A/R) securitization facility, which
provides a variable monthly borrowing limit ranging from $175
million to $225 million.

Ferrellgas' 8.625% senior notes due 2020 are unsecured and
unguaranteed.  The notes are structurally subordinated to all debt,
including trade claims, of the OLP.  The OLP has $500 million in
6.5% senior unsecured notes due 2021, $475 million 6.75% senior
unsecured notes due 2022, $500 million 6.75% senior unsecured notes
due 2023, and a $700 million senior secured revolving credit
facility.  Under Moody's Loss Given Default Methodology, the OLP's
senior unsecured notes are rated B3, one notch below the B2 CFR due
to the priority claim of the sizeable senior secured bank facility.
The structural subordination of Ferrellgas' notes and the amount
of debt at the OLP result in 8.625% notes being rated Caa1, two
notches beneath the B2 CFR.

The negative outlook reflects Ferrellgas' high leverage and weak
midstream business prospects.  Moody's could downgrade the CFR if
Ferrellgas does not reduce distributions substantially and sustain
leverage below 6.5x.  An upgrade will be contingent on leverage
approaching 5x with an adequate liquidity profile.

The principal methodology used in these ratings was Global
Midstream Energy published in December 2010.

Ferrellgas Partners, L.P. is a propane distributor and a publicly
traded master limited partnership based in Overland Park, KS.


FILIP TECHNOLOGIES: Smartwatch Developer Files for Bankruptcy
-------------------------------------------------------------
Faced with the depletion of remaining liquidity and the inability
to obtain further funding outside of Chapter 11, Filip
Technologies, Inc., sought bankruptcy protection estimating assets
in the range of $1 million to $10 million and debt of up to $50
million.   

Filip was joined in Chapter 11 by four of its wholly-owned
subsidiaries Filip Technologies UK Limited, Evado Filip AS, Evado
Filip Limited, and Evado Filip US Limited.

The creator of Filip Service, a device which enables parents, using
smartphones, to locate, contact, and communicate with their
children wearing compatible watch devices, disclosed that it was
was unable to sell as many tracker devices as anticipated.

Company founder Sten Kirkbak was inspired to develop the device
when he lost track of his son Filip in a shopping mall back in
2010.  After three years of research and development, Filip was
invented as a smartwatch designed for children aged 4 to 11.

The Filip Service is presently used by more than 13,000 consumers
in the United States through the AT&T wireless network, and
approximately 340 consumers in Spain through the Telefonica
wireless network, as disclosed in the bankruptcy filing.  

Although Filip successfully launched the Filip device in November
2013, the development and certification of the device proved more
complex, time consuming, and costly than originally anticipated,
according to court papers.  In addition, the final production cost
of the Filip device was higher than forecast, such that Filip
incurred a negative margin on the sale of each device.

Since its inception, Filip has been unable to finance itself solely
from its operational cash flows and has relied on continued cash
infusions from investors.

"Despite the Debtors' progress in developing, implementing, and
deploying the Filip Service to customers, the Debtors have
struggled for nearly two years to attract the capital necessary for
sustainable expansion and growth of their platform, infrastructure,
and footprint," said Roy Messing, chief restructuring officer of
Filip.

According to Mr. Messing, the Debtors have encountered many
difficulties in their effort to grow -- including greater than
anticipated capital consumption for early-stage product
development, increased reliance on short-term funding, and
resulting balance sheet pressures.

The Debtors intend to use the Chapter 11 cases to pursue a
competitive auction, sale transaction, and orderly wind-down of
their estates under Section 363 of the Bankruptcy Code.  While
looking for a potential buyer, the Debtors expect to continue
maintaining their operation of the Filip Service in an effort to
maximize the value of their business and assets for the benefit of
all stakeholders.

Six months prior to the Petition Date, the Debtors retained an
investment banking firm to lead a marketing process for a potential
sale of their business.  Unfortunately, the discussions did not
result into a transaction.

Presently, the Debtors are engaged in advanced discussions with a
potential stalking horse bidder who provided them with a draft
purchase agreement shortly before the Petition Date, and a
simultaneous diligence process with eight other potential bidders.


AT&T Capital Services, Inc. has agreed to provide the Debtors with
a $1.24 million debtor-in-possession financing, subject to the
court's approval, while the Debtors pursue and effectuate a sale of
their assets.

Filip, a start-up company which was formed in 2013, currently
employs eight individuals and operates in the United States and
Spain.

Each of the Debtors filed a voluntary petition under Chapter 11 of
the Bankruptcy Code in the U.S. Bankruptcy Court for the District
of Delaware on Oct. 5, 2016.  The cases have been assigned to Judge
Kevin Gross.

The Debtors owe $480,000 to AT&T and $2.6 million to trade vendors,
as disclosed in court papers.

The Debtors have engaged Moore & Van Allen, PLLC as the general
counsel; Bielli & Klauder, LLC as local counsel; Ankura Consulting
Group, LLC as restructuring advisor; and Braekhaus Dege
Advokatfirma DA as special Norway counsel.


FREEFALL ADVENTURES: Sale Beech Airplane to Robair Approved
-----------------------------------------------------------
Judge Andrew B. Altenburg Jr. of the U.S. Bankruptcy Court for the
District of New Jersey authorized Freefall Adventures, Inc.'s and
Sussex Skydive, LLC's private sale of  Beech Model 95-B55, T42A
Airplane, Serial No. TC823, together with log books, maintenance
and flight manuals to Robair, LLC for $20,000.

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

Except as expressly provided in the Aircraft Purchase Agreement
("APA") or the Order, the Purchaser is not assuming nor will it or
any affiliate of the Purchaser be in any way liable or responsible,
as a successor or otherwise, for any liabilities, debts, or
obligations of the Debtors in any way whatsoever relating to or
arising from the Debtors' ownership or use of the Beech prior to
the consummation of the transactions contemplated by the APA, or
any liabilities calculable by reference to the Debtors or their
operations or the Purchased Assets, or relating to continuing or
other conditions existing on or prior to consummation of the
transactions contemplated by the APA, which liabilities, debts, and
obligations are extinguished insofar as they may give rise to
liability, successor or otherwise, against the Purchaser or any
affiliate of the Purchaser.

The Order will be effective immediately upon entry pursuant to Rule
7062 and 9014 of the Federal Rules of Bankruptcy Procedure, and no
automatic stay of execution, pursuant to Rule 62(a) of the Federal
Rules of Civil Procedure, or Rule 6004(h) or 6006(d) of the Federal
Rules of Bankruptcy Procedures applies with respect to the Order.

                    About Freefall Adventures

Williamstown, New Jersey-based Freefall Adventures operates out of
Cross Keys Airport in Monroe Township and is a mainstay in the
regional skydiving community.

Freefall Adventures sought Chapter 11 protection (Bankr. D.N.J.
Case No. 14-30235) on Oct. 2, 2014.  Judge presides over the
Andrew
B. Altenburg Jr.

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

The Debtor tapped Lewis G. Adler, Esq. at the law Office of Lewis
Alder as counsel.

The petition was signed by John Eddowes, authorized individual.


GABEL LEASE: Case Summary & 20 Largest Unsecured Creditors
----------------------------------------------------------
Debtor: Gabel Lease Service, Inc.
        P.O. Box 405
        Ness City, KS 67560

Case No.: 16-11948

Chapter 11 Petition Date: October 5, 2016

Court: United States Bankruptcy Court
       District of Kansas (Wichita)

Judge: Hon. Robert E. Nugent

Debtor's Counsel: Nicholas R Grillot, Esq.
                  HINKLE LAW FIRM, LLC
                  301 N. Main, Suite 2000
                  Wichita, KS 67202
                  Tel: 316-267-2000
                  Fax: 316-660-6523
                  E-mail: ngrillot@hinklaw.com

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

Estimated Liabilities: $1 million to $10 million

The petition was signed by Brian Gabel, president.

A copy of the Debtor's list of 20 largest unsecured creditors is
available for free at http://bankrupt.com/misc/ksb16-11948.pdf


GARDEN FRESH RESTAURANT: Wants to Get $3.5-Mil. DIP Facility
------------------------------------------------------------
Garden Fresh Restaurant Intermediate Holding, LLC, and its
affiliated debtors ask the U.S. Bankruptcy Court for the District
of Delaware for authorization to obtain postpetition financing from
DIP Agent Cortland Capital Market Services, LLC, and the DIP
Lenders, and use cash collateral.

The substantial majority of the Debtors' liabilities consisted on
funded debt comprised of our tranches of term loan debt:

   (1) Term Loan A, between the Debtors, the TLA Lenders, and
Cerberus Business Finance, LLC as the TLA Agent.  As of the
Petition Date, the Debtors were indebted to the TLA Lenders and the
TLA Agent in the aggregate outstanding principal amount of not less
than $87,366,250, plus accrued and unpaid interest and fees.  The
TLA Agent and the TLA Lenders were granted a security interest and
lien upon all collateral, as defined in the TLA Loan Documents.

   (2) Term Loan B, between the Debtors and the TLB Lenders, and
Cortland Capital Market Services, LLC, as TLB Agent.  As of the
Petition Date, the Debtors were indebted to the TLB Lenders and the
TLB Agent in the aggregate amount of $35,662,159.70, inclusive of
the principal, interest, fees and expenses.  The TLB Agent and the
TLB Lenders were granted a security interest in and lien upon all
collateral as defined in the TLB Loan Documents.

   (3) Term Loan C, between the Debtors and the TLC Lenders, and
Apollo Investment Corporation as TLC Agent.  As of the Petition
Date, the Debtors were indebted to the TLC Lenders and the TLC
Agent in the aggregate outstanding principal amount of not less
than $15,737,595, plus accrued and unpaid interest and fees of not
less than $4,067,241.85.  The TLC Agent and the TLC Lenders were
granted a security interest and lien upon all collateral as defined
in the TLC Loan Documents.

   (4) Term Loan D, between the Debtors and the TLD Lenders, and
Apollo Investment Corporation as TLD Agent.  As of the Petition
Date, the Debtors were indebted to the TLD Lenders and the TLD
Agent in the aggregate outstanding principal amount of not less
than $33,305,369, plus accrued and unpaid interest and fees of not
less than $18,639,528.38.  The TLD Agent and the TLD Lenders were
granted a security interest in and lien upon all collateral as
defined in the TLD Loan Documents.

The Debtors tell the Court that in order to operate during their
chapter 11 cases and effectuate the terms of their Restructuring
Support Agreement, the Debtors will need to utilize prepetition
collateral, including the cash collateral, as well as obtain
additional, postpetition financing.  The Debtors further tell the
Court that without the immediate use of the cash collateral and the
DIP Facility, the Debtors would be unable to pay operating
expenses, including, without limitation, amounts coming due to
vendors, as well as employee payroll and other benefits, rent,
utilities and the various other items reflected in the Debtor's
Budget.

The relevant terms, among others, of the DIP Facility are:

   (1) DIP Facility: A credit facility in the form of term loans in
an aggregate principal amount not to exceed $3,500,000, that, once
borrowed and repaid, may not be reborrowed.

   (2) Borrowing Limit on Interim Basis: The Debtors may borrow
under the DIP Facility in an aggregate amount equal to $1,000,000.

   (3) Use of DIP Facility and Cash Collateral: (i) to provide
financing for working capital and for other general corporate
purposes of the Debtors; (ii) to make certain adequate protection
payments to Prepetition Secured Parties; and (iii) to pay
administration costs of the chapter 11 cases and claims or amounts
approved by the Court.

   (4) Interest Rates: The DIP Loans will bear interest on the
principal amount outstanding from time to time, from the date of
each advance until repaid, at a rate of 15.5% per annum, payable in
kind.  Upon the occurrence and during the continuance of an Event
of Default, the DIP Loans will bear interest at the Post-Default
Rate, which shall equal the rate of interest in effect pursuant to
the DIP Credit Agreement plus 2.00%.

   (5) Maturity: All DIP Obligations under the DIP Facility,
accrued or otherwise, will be due and payable in full on the
earliest of:

          (i) the Stated Maturity Date, or the date that is one
year after the date on which the Interim Order is entered;

         (ii) the date of consummation of any Section 363 Sale;

        (iii) if the Final Order has not been entered, the date
that is 30 calendar days after the Petition Date;

         (iv) the Plan Effective Date; and

          (v) the date of the acceleration of the DIP Obligations
in accordance with the terms set forth in the DIP Credit
Agreement.

   (6) Priority Liens and Carve-Out:  All DIP Obligations of the
Debtors under the DIP Facility at all times will constitute allowed
superpriority administrative expense claims, having priority over
all administrative expenses, subject to the TLA Superpriority Claim
and Carve-Out.

          The Carve-Out consists of:

          (i) all accrued and unpaid fees, disbursements, costs and
expenses incurred by professionals or professional firms retained
by the Debtors, the Official Committee of Unsecured Creditors, or
the TLA Agent on or before the delivery by the DIP Agent or the TLA
Agent of a Carve-Out Trigger Notice;

         (ii) all unpaid fees, disbursements, costs and expenses
incurred by the Professionals on or after the day following the
delivery by the DIP Agent or the TLA Agent of the Carve-Out Trigger
Notice, not to exceed $100,000; and

        (iii) the payment of fees and expenses pursuant to 28
U.S.C. Section 1930 plus interest pursuant to 31 U.S.C. Section
3717.

   (7) Adequate Protection:  The Secured Parties will be granted
valid and perfected postpetition replacement security interests in
and liens upon the DIP Collateral, subject to, among others, the
Carve-Out.  As further adequate protection, the TLA Agent and the
TLA Lenders, as well as the TLB Agent and the TLB Lenders, will
receive:

          (i) Payment of regularly scheduled cash interest,
calculated at the non-default rate under the TLA Agreement and TLB
Agreement, respectively; and

         (ii) Payment of reasonable fees, costs and expenses, as
set forth in the TLA Loan documents and TLB Loan Documents,
respectively, including reasonable fees, costs and expenses of one
lead counsel and one Delaware counsel, each.

The proposed DIP Budget covers a period of 9 weeks, beginning with
the week ending Oct. 9, 2016 and ending with the week ending Dec.
4, 2016.  The Budget provides for total disbursements in the amount
of $5,869,000 for the week ending Oct. 9, 2016; $4,873,000 for the
week ending Oct. 16, 2016; $4,289,000 for the week ending Oct. 23,
2016; and $5,658,000 for the week ending Oct. 30, 2016.

A full-text copy of the Debtors' Motion, dated Oct. 3, 2016, is
available at
http://bankrupt.com/misc/GardenFreshRestaurant2016_1612174css_13.pdf

                     About Garden Fresh

Founded in 1978 and headquartered in San Diego, CA, Garden Fresh
owns of 123 Souplantation and Sweet Tomatoes restaurants across 15
states.  Garden Fresh has 5,500 employees, approximately 5,000 of
whom are employed on an hourly basis.

Garden Fresh Restaurant Intermediate Holding, LLC, and its
affiliates filed chapter 11 petitions (Bankr. D. Del. Case Nos.
16-12174 to 16-12178) on Oct. 3, 2016.  The petitions were signed
by John D. Morberg, chief executive officer.

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.

At the time of the filing, Garden Fresh Restaurant Intermediate
Holdings estimated assets and debts at $0 to $50,000.



GARDEN FRESH: Expects Chapter 11 Exit by Dec. 5
-----------------------------------------------
Garden Fresh Restaurant Corp. on Oct. 3, 2016, disclosed that it
has reached an agreement with its lenders to restructure the
Company's debt.  Under terms of the agreement, the Company will
significantly reduce debt obligations and improve its financial
structure.

To implement the restructuring, Garden Fresh has filed voluntary
petitions for reorganization under Chapter 11 protection.  Piper
Jaffray has been engaged to assist with the anticipated sale of the
business to second lien lenders, subject to higher and better
bids.

The Company also plans to close between 20 and 30 underperforming
restaurants to strengthen its financial position, pending approval
from the court overseeing the reorganization.  Garden Fresh said it
has received commitments for debtor-in-possession (DIP) financing
from second lien lenders to fund post-petition operating expenses,
including its obligations to employees and suppliers. The Company
does not expect the filing to have meaningful impact on its
day-to-day operations.

"Garden Fresh will operate our business as usual, and we remain
focused on providing fresh, wholesome food and great service to our
guests," said John Morberg, CEO of Garden Fresh.  "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."

The Company expects to emerge from the Chapter 11 process by Dec.
5.

                     About Garden Fresh

Founded in 1978 and headquartered in San Diego, CA, Garden Fresh
owns of 123 Souplantation and Sweet Tomatoes restaurants across 15
states.  Garden Fresh has 5,500 employees, approximately 5,000 of
whom are employed on an hourly basis.

Garden Fresh Restaurant Intermediate Holding, LLC, and its
affiliates filed chapter 11 petitions (Bankr. D. Del. Case Nos.
16-12174 to 16-12178) on Oct. 3, 2016.  The petitions were signed
by John D. Morberg, chief executive officer.

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.

At the time of the filing, Garden Fresh Restaurant Intermediate
Holdings estimated assets and debts at $0 to $50,000.


GBD 40 LLC: Taps Simbro & Stanley as Legal Counsel
--------------------------------------------------
GBD 40, LLC received approval from the U.S. Bankruptcy Court for
the District of Arizona to hire Simbro & Stanley, PLC.

Simbro & Stanley will serve as GBD 40's legal counsel in connection
with its Chapter 11 case.  The services to be provided by the firm
include the preparation of a plan of reorganization.  

The firm's attorneys will be paid an hourly rate of $500 while its
paralegals will be paid $150 per hour for their services.

Simbro & Stanley does not represent any other entity, which has
adverse interest to GBD 40, according to court filings.

The firm can be reached through:

     Edwin B. Stanley, Esq.
     Simbro & Stanley, PLC
     8767 East Via de Commercio, Suite 103
     Scottsdale, AZ 85258-3374
     Phone: (480) 607-0780
     Email: bstanley@simbroandstanley.com

                        About GBD 40 LLC

GBD 40, LLC sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. D. Ariz. Case No. 16-10895) on September 22, 2016.
The petition was signed by Greg Sarandi, authorized member.  

The case is assigned to Judge Brenda K. Martin.

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


GLOBAL MARITIME: Liquidating Plan Based on Francolin Settlement
---------------------------------------------------------------
Ailing dry-bulk shipper GMI USA Management, Inc., et al., filed a
Plan of Liquidation that expects to provide creditors some
recovery, made possible by a settlement agreement with Cayman
Islands-based investor Francolin.

Francolin invested in Global Maritime Investments as part of a 2011
joint venture and made advances to Global Maritime Investments
Holdings Cyprus Limited ("Slipway") and other units until 2015.  

As of the Petition Date, Francolin was owed:

     -- $100,000,000 under an unsecured credit facility identified
as the GMI Tradeco Credit Facility,

     -- $30,120,223 in principal outstanding under an unsecured
credit facility maturing on Nov. 1, 2024 identified as the Slipway
Credit Facility, and

     -- $36,825,000 principal outstanding under a variable interest
rate credit agreement the VIR Credit Agreement.

Francolin also has an indirect stake of 48 percent in Global
Maritime.

Francolin also provided funding for the Chapter 11 case.  On Oct.
27, 2015, the Court entered a final order authorizing the Debtor to
obtain $2,000,000 of DIP financing from Francolin.

The Official Committee of Unsecured Creditors, acting on behalf of
the Debtors' estates, investigated the Debtors' claims and causes
of action against Francolin.  On Feb. 16, 2016, the Court entered
its order approving the Settlement Agreement.  The Settlement
Agreement and the releases were executed and effective as of March
2, 2016.

The Settlement Agreement fully resolved the Claims and Causes of
Action between Francolin, affiliates of Francolin, and the Debtors'
Estates and are incorporated into and made a part of the Plan in
their entirety.

Pursuant to the Settlement Agreement, (i) Francolin made a
settlement payment of $730,000 to the Debtors, (ii) except for
Francolin's obligations to fund the DIP Loan, the Debtors and their
subsidiaries released all claims and causes of action against
Francolin and certain of its related entities and individuals,
including, without limitation, any Chapter 5 Causes of Action
against Francolin arising under the Debtors' prepetition credit
facilities; and (iii) Francolin is entitled to an allowed general
unsecured non-priority claim in the amount of $105,383,865 (the
"Francolin Prepetition Claim").

In addition, the Settlement Agreement prescribes the treatment of
the Francolin Prepetition Claim and other General Unsecured Claims
in the Chapter 11 Cases.  Pursuant to the Settlement Agreement,
Francolin has agreed that (1) one-half of the distributions from
the Liquidating Trust shall be distributed ratably on account of
all allowed general unsecured claims, excluding the Francolin
Prepetition Claim, and (2) one-half of the distributions from the
Liquidating Trust shall be distributed ratably on account of all
allowed general unsecured claims, including the francolin
prepetition claim.

The Plan provides that a Liquidating Trust is to be created as of
the Effective Date, or as soon as reasonably practical thereafter.
All property of the Estates is to be conveyed and transferred by
the Debtors or Liquidating Debtor to the Liquidating Trust on the
Effective Date. The proceeds of the Liquidating Trust Assets will
then be shared with holders of Allowed Claims as set forth in the
Plan.

The Disclosure Statement provides that unsecured creditors will
receive a "Ratable Proportion of distributions as follows: (1)
one-half of the distributions on account of all Allowed General
Unsecured Claims, excluding the Francolin Prepetition Claim, and
(2) one-half of the distributions on account of all Allowed General
Unsecured Claims, including the Francolin Prepetition Claim."

According to the Disclosure Statement, the estimated percentage
recovery and allowed amount for unsecured creditors is still "TO BE
DETERMINED."

Unsecured creditors are entitled to vote on the Plan.

The Debtors and the Creditors Committee are urging voting creditors
to vote in favor of the Plan.

A copy of the Disclosure Statement is available for free at:

      http://bankrupt.com/misc/nysb15-12552_386_DS_GMI.pdf

                     About GMI USA Management

GMI USA Management, Inc., Global Maritime Investments Cyprus
Limited, Global Maritime Investments Holdings Cyprus Limited,
Global Maritime Investments Resources (Singapore) Pte. Limited and
Global Maritime Investments Vessel Holdings Pte Ltd filed Chapter
11 bankruptcy petitions (Bankr. S.D.N.Y. Case Nos. 15-12552 to
15-12556) on Sept. 15, 2015.

The Debtors are engaged in three segments of the dry bulk shipping
markets, utilizing Freight Forward Agreements, physical "trading"
or supplying of ships for hire, and management of a dry bulk
shipping pool on behalf of ships owned directly or indirectly by
the Debtors, as well as for third party owners.

Debtor GMI USA Management is a recently formed New York
corporation.  All of the other Debtors are foreign corporations
based in either Singapore or Cyrus.

Global Maritime Investments Holdings Cyprus Limited is a holding
company that owns 100% of the outstanding shares of each of (i)
Debtor GMI USA Management, Inc., (ii) Debtor Cyprus Tradeco, (iii)
Debtor Vessel Holdings and (iv) non-Debtor GMI Panamax Pool
Limited.

The Debtors estimated assets in the range of $1 million to $10
million and liabilities of at least $100 million.

The Debtors tapped Gardere Wynne Sewell, LLP, as counsel, and AMA
Capital Partners as financial advisor.

On Oct. 8, 2015, the Office of the United States Trustee appointed
an official committee of unsecured creditors, which included
representatives from Southport Agencies, Mardinik Shipping Co.
Ltd., and ADM Investor Services International Limited.  The Court
approved the Committee's retention of Faegre Baker Daniels as
counsel and CBIZ Accounting, Tax and Advisory of New York, LLC and
CBIZ, Inc. as financial advisor.


GM OILFIELD: Case Summary & 19 Largest Unsecured Creditors
----------------------------------------------------------
Debtor: GM Oilfield & Trucking Services, LLC
           dba GM Trucking
        3009 NCR 1105
        Midland, TX 79705

Case No.: 16-31581

Chapter 11 Petition Date: October 5, 2016

Court: United States Bankruptcy Court
       Western District of Texas (El Paso)

Judge: Hon. Christopher H. Mott

Debtor's Counsel: Carlos A. Miranda, III, Esq.
                  MIRANDA & MALDONADO, P.C.
                  5915 Silver Springs, Bldg. 7
                  El Paso, TX 79912
                  Tel: (915) 587-5000
                  Fax: (915) 587-5001
                  E-mail: cmiranda@mirandafirm.com
                          cmiranda@eptxlawyers.com

Estimated Assets: $500,000 to $1 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by George Magallanes, manager.

A copy of the Debtor's list of 19 largest unsecured creditors is
available for free at http://bankrupt.com/misc/txwb16-31581.pdf


GO YE VILLAGE: Asks Court to Extend Plan Filing Period Thru Dec. 25
-------------------------------------------------------------------
Go Ye Village, Inc. requests the U.S. Bankruptcy Court for the
Eastern District of Oklahoma to further extend by 90 days the
exclusive period to file a plan or until December 25, 2016, and the
exclusive period to obtain acceptances of a plan or until February
23, 2017.

The Debtor relate that the Court had previously extended the
Debtor's exclusive period for filing a Chapter 11 Plan until
September 26, 2016 and the exclusive period for soliciting
acceptances of a plan until November 25, 2016.

Although the Debtor has filed its Plan of Reorganization and a
Disclosure Statement for Plan of Reorganization,  on Sept. 26,
2016, within the existing periods of exclusivity, the Debtor
believes the Plan is on track for confirmation. However, the Debtor
seeks an additional extension of the exclusivity periods within
which the Debtor may file and solicit acceptances of a plan in
order to allow for the possibility of an amended or replacement
Debtor's plan or the like.

The Debtor believes that maintaining the exclusive right to file
and solicit votes on a plan is critical to realizing the maximum
value of a restructuring as contemplated by the existing Plan.
Extending the exclusivity periods will afford the Debtor time to
confirm the Plan without the substantial expense and delay
associated with a competing plan or plans.

                    About Go Ye Village

Go Ye Village, Inc., filed a Chapter 11 bankruptcy petition (Bankr.
E.D. Okla Case No. 15-81287) on Nov. 30, 2015.  The petition was
signed by Maurice D. Turney as president. The Debtor disclosed
total assets of $24.48 million and total debts of $36.18 million.
Doerner, Saunders, Daniel & Anderson, LLP, serves as the Debtor's
counsel.  Judge Tom R. Cornish is assigned to the case.

The U.S. Trustee has appointed a patient care ombudsman in the
Debtors' bankruptcy case.

The U.S. Trustee for Region 20 on June 16, 2016, filed an amended
notice of appointment of Go Ye Village Inc.'s official committee of
unsecured creditors. The Justice Department's bankruptcy watchdog
announced that it appointed these creditors to serve on the
committee: (1) Doris Barbee, (2) Russell & Mary Megee, (3) Randle &
Joyce Peterson, (4) Andrew Turner, (5) Dennis W. & Ann Rives Smith,
(6) Bill Young, (7) Thomas F. Henstock, (8) Van Ferguson, (9)
Robert & Donna Rice, and (10) Charlotte Kerth.


GREATER BETHLEHEM: Church to Pay BMO From Sale of Properties
------------------------------------------------------------
Greater Bethlehem Missionary Baptist Church filed a Chapter 11 plan
of reorganization that proposes to pay lone secured creditor BMO
Harris Bank N.A. from the proceeds of the sale of its properties
and pay any debt remaining from 60 monthly payments.

The Debtor says it has no known priority unsecured claims at this
time.

The Debtor owns four three-flat buildings which are rented to
tenants on a month to month basis and 13 vacant lots (a few may be
used for parking).  The three-flat buildings at the moment are
almost fully rented.  Two of the buildings, 2432 W. Warren
Boulevard, Chicago, IL 60612 and 2434 W. Warren Boulevard, Chicago,
IL 60612 are subject to mortgages with the Debtor's sole secured
creditor BMO Harris Bank N.A.

The building located at 2432 W. Warren is secured by an executed
Mortgage dated April 11, 2006 in the amount of $320,000 at 7.73%
interest.  The Note required that the Debtor would make 59 monthly
payments of $2,437 and one 'Balloon' payment of $297,284 as the
final payment on July 1, 2011.  The building located at 2434 W.
Warren is secured by an executed mortgage dated June 30, 2006 in
the amount of $320,000 at 7.73%.  The Note required that the Debtor
would make 59 monthly payments of $2,437 and one "Balloon" payment
of $297,284 as the final payment on July 1, 2011.  The Debtor was
unable to make either "Balloon" payment on either Notes.

The Debtor and BMO Harris Bank entered into a series of Loan
Modifications that extended both Notes.  The Debtor continued to
maintain the same monthly payments of $2,437 for each property each
month, or the "Standstill Period".  Despite many attempts, the
Debtor has been unable to refinance these properties mainly due to
the lack of equity in the properties.

BMO had the buildings appraised on Sept. 25, 2014 by an
"Independent Valuation Professional" at the request of BMO Harris
Bank.  The property located at 2432 W. Warren was appraised at
$70,000 and the property located at 2434 W. Warren was also
appraised at $70,000.  BMO has attempted to negotiate with the
Debtor; however, the Debtor believes that any agreement would
result in BMO encumbering all or most of the Debtor's property
therefore the Trustees of the Church voted to file for Chapter 11
reorganization.  The Church is current on all other financial
obligations.

According to the Disclosure Statement, with respect to the $220,000
claim of BMO secured by the 2432 West Warren property and the
$220,000 claim secured by the 2434 West Warren property, BMO will
receive 100% of the proceeds from the sale of properties and any
debt remaining after such sales will be paid in equally monthly
installments over a 60-month period.

A copy of the Disclosure Statement is available for free at:

      http://bankrupt.com/misc/ilnb16-11470_DS_GBMBC.pdf

                      About Greater Bethlehem

Greater Bethlehem Missionary Baptist Church is located in 2400 W.
Warren in Chicago Illinois.  The Church moved to the property in
1936.  Over the years the Church took on a charitable role and
began to acquire property with the intent to provide low income
housing for families.

Greater Bethlehem Missionary Baptist Church sought Chapter 11
protection (Bankr. N.D. Ill. Case No. 16-11470) on April 3, 2016.
The petition was signed by Charles Harper, Trustee.

The Debtor estimated assets in the range of $500,001 to $1 million
and $100,001 to $500,000 in debt.

The Debtor tapped Robert J Adams, Esq., at Robert J. Adams &
Associates, as counsel.




GREEN GREASE: Court OKs Disclosures, Confirms Reorganization Plan
-----------------------------------------------------------------
The U.S. Bankruptcy Court for the Northern District of Illinois has
approved Green Grease Environmental's disclosure statement and
confirmed the Debtor's plan of reorganization dated May 25, 2016.

Class 6 - All Other Non-insider Unsecured Claims as scheduled total
$65,951.12.  General unsecured creditors electing for Class 6A
treatment will be paid 50% of their allowed claim, without
penalties and interest, in 18 quarterly installments commencing on
Oct. 1, 2017.  Payments will comprise 14 payments of 2.5% their
claim each quarter, followed by four payments of 3.75% their claim
each quarter.  General unsecured creditors electing for Class 6B
treatment will be paid 20% of their allowed claim, payable in a
single installment on July 1, 2017.

Class 7 - Unsecured Claims of Insiders are expected to total
(including the priority wage claim) $273,297.  Insider unsecured
creditors will be paid 50 cents on the dollar, without penalties
and interest, in 18 quarterly installments commencing on Oct. 1,
2017.  Payments will comprise 14 quarterly payments totaling
$6,832.43 each quarter, followed by four quarterly installments
totaling $10,248.64 each quarter.

The Disclosure Statement is available at:

           http://bankrupt.com/misc/ilnb15-40236-56.pdf

Green Grease Environmental filed for Chapter 11 bankruptcy
protection (Bankr. N.D. Ill. Case No. 15-40236) on Nov. 25, 2015,
estimating its assets at between $50,000 and $100,000 and
liabilities at between $500,000 and $1 million.  Jonathan D.
Golding, Esq., at The Golding Law Offices, P.C., serves as the
Debtor's bankruptcy counsel.


GREGORY REDFORD: Disclosures OK'd; Plan Hearing on Oct. 20
----------------------------------------------------------
The Hon. Joan A. Lloyd of the U.S. Bankruptcy Court for the Western
District of Kentucky has approved Gregory and Nevis Gail Redford's
disclosure statement describing the Debtor's plan of
reorganization.

The plan confirmation hearing will be held on Oct. 20, 2016, at
10:00 a.m. (Central Time).  Objections to the confirmation of the
Debtor's Plan must be filed by Oct. 13, 2016.

As reported by the Troubled Company Reporter on July 19, 2016, the
Debtors on July 12 filed the Plan, which proposes to pay unsecured
creditors in full.  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.

                       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.


GULF PAVING: Seeks to Hire Michael Kayusa as Special Counsel
------------------------------------------------------------
Gulf Paving Company, Inc. seeks approval from the U.S. Bankruptcy
Court for the Middle District of Florida to hire Michael Kayusa,
Esq., as special counsel.

Mr. Kayusa will provide legal services, which include assisting the
Debtor in the drafting of various transactional documents needed to
effectuate the sale of a Gencor asphalt plant, the Debtor's
principal asset.

The net proceeds from the sale of the plant will be used to fund
the Debtor's Chapter 11 plan of liquidation, according to court
filings.

Mr. Kayusa will be paid an hourly rate of $250 for his services.

In a court filing, Mr. Kayusa disclosed that he does not hold any
interests adverse to the Debtor and that he has no connection with
the Debtor or any of its creditors.

Mr. Kayusa's contact information is:

     Michael F. Kayusa, Esq.
     2077 First Street, Suite 201
     Fort Myers, FL 33901
     Phone: (239) 334-8200
     Fax: (239) 334-2899
     Email: mfk@mfkayusa.com

                    About Gulf Paving Company

Gulf Paving Company, Inc. sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. M. D. Fla. Case No. 16-08113) on September
20, 2016.  The petition was signed by Timothy B. Lause, president.


At the time of the filing, the Debtor disclosed $2.82 million in
assets and $3.03 million in liabilities.


HALCON RESOURCES: Hires Deloitte Tax LLC as Tax Services Provider
-----------------------------------------------------------------
Halcon Resources Corporation and all of its reorganized debtor
subsidiaries and affiliates seek authorization from the U.S.
Bankruptcy Court for the District of Delaware to Employ Deloitte
Tax LLP as tax services provider.

Deloitte Tax will provide these services:

   a. advise the Debtors as they consult with their counsel      
      and advisors on the cash tax effects of restructuring
      and bankruptcy and the post-restructuring tax profile,
      including plan of reorganization tax costs;

   b. advise the Debtors regarding the restructuring and
      bankruptcy emergence process from a tax perspective,
      including the tax work plan;

   c. advise the Debtors on the cancellation of debt income     
      for purposes under Internal Revenue Code (IRC) section     
      108;
   
   d. advise the Debtors on post-restructuring or post-
      bankruptcy tax attributes (tax basis in assets, tax     
      basis in subsidiary stock and net operating loss
      carryovers)available under the applicable tax    
      regulations and the reduction of such attributes based
      on the Debtors'operating projections; including a
      technical analysis of the effects of Treasury   
      Regulation Section 1.1502-28 and the interplay with
      IRC sections 108 and 1017;

   e. advise the Debtors on potential effect of the
      alternative minimum tax in various post-restructuring
      or post-bankruptcy scenarios;

   f. advise the Debtors on the effects of tax rules under
      IRC sections 382(l)(5) and (l)(6) pertaining to the
      post-bankruptcy net operating loss carryovers and   
      limitations on their utilization and the Debtors'     
      ability to qualify for IRC section 382(l)(5);

   g. advise the Debtors on net built-in gain or net built-
      in loss position at the time of "ownership change" (as
      defined under IRC section 382), including limitations
      on use of tax losses generated from post-restructuring   
      or postbankruptcy asset or stock sales;

   h. advise the Debtors as to the treatment of post-
      petition interest for state and federal income tax
      purposes;

   i. advise the Debtors as to the state and federal income
      tax treatment of prepetition and post-petition
      reorganization costs including restructuring-related
      professional fees and other costs, the categorization
      and analysis of such costs, and the related technical
      positions;

   j. advise the Debtors in their evaluation and modeling of
      the tax effects of liquidating, disposing of assets,
      merging or converting entities as part of the
      restructuring, including the effects on federal and   
      state tax attributes, state incentives, apportionment
      and other tax planning;

   k. advise the Debtors on state income tax treatment and
      planning for restructuring or bankruptcy provisions in
      various jurisdictions including cancellation of
      indebtedness calculation, adjustments to tax   
      attributes and limitations on tax attribute   
      utilization;

   l. advise the Debtors on responding to tax notices and
      audits from various taxing authorities;

   m. assist the Debtors with identifying potential tax
      refunds and advise the Debtors on procedures for tax
      refunds from tax authorities;

   n. advise the Debtors on income tax return reporting of
      bankruptcy issues and related matters; advise the
      Debtors in their review and analysis of the tax
      treatment of items adjusted for financial reporting   
      purposes as a result of "fresh start" accounting, as
      required for the emergence  date of the U.S. financial
      statements in an effort to identify the appropriate
      tax treatment of adjustments to equity (including
      issuance of new equity, options, and/or warrants), and
      other tax basis adjustments to assets and
      liabilities recorded;

   o. assist in documenting as appropriate, the tax   
      analysis, development of the Debtors' opinions,
      recommendation, observations, and correspondence for
      any proposed restructuring alternative tax issue or
      other tax matter described above;

   p. advise the Debtors regarding other state or federal
      income tax questions that may arise in the course of   
      this engagement, as requested by the Debtors, and as
      may be agreed to by Deloitte Tax; and

   q. advise the Debtors with their efforts to calculate tax
      basis in the stock in each of the Debtors'
      subsidiaries or other entity interests.

Deloitte Tax will be paid at these hourly rates:

                          Non-Specialist      National Tax
                                           And Restructuring
                                              Specialist
   Partner, Principal
     or Managing Director      $470              $870
   Senior Manager              $440              $745
   Manager                     $365              $635
   Senior                      $275              $505
   Staff                       $200              $395

The firm attests it 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.

In accordance with the U.S. Trustee's Guidelines for Reviewing
Applications for Compensation and Reimbursement of Expenses Filed
Under 11 U.S.C. section 330 by Attorneys in large Cases Effective
as of June 17, 2013, Subpart D.1, Applications for Employment,
Deloitte Tax states it has agreed to accept as compensation such
sums as may be allowed by the Court and understands that fee awards
are subject to approval by the Court.

Deloitte Tax can be reached at:

     DELOITTE TAX LLP
     Bay Adelaide East
     22 Adelaide Street West, Suite 200
     Toronto ON M5H 0A9
     Telephone: 416 601 6150
     Facsimile: 647 497 6865
     E-mail: liryan@deloittetaxlaw.ca

                     About Halcon Resources

Halcon Resources Corporation is an independent energy company
engaged in the acquisition, production, exploration and
development
of onshore oil and natural gas properties in the United States.

Halcon Resources and 21 of its subsidiaries each filed a voluntary
petition under Chapter 11 of the Bankruptcy Code (Bankr. D. Del.
Case Nos. 16-11724 through 16-11745) on July 27, 2016.  The
petitions were signed by Stephen W. Herod as president.  The
Debtors listed assets of $2.84 billion and debts of $3.14 billion
as of March 31, 2016.

The Debtors have hired Young Conaway Stargatt & Taylor, LLP and
Weil, Gotshal & Manges LLP as co-counsel; PJT Partners LP as
investment banker; Alvarez & Marsal North America, LLC as
restructuring advisor; and Epiq Bankruptcy Solutions, LLC as
claims, noticing and solicitation agent.

Halcon Resources completed its financial restructuring and emerged
from its pre-packaged Chapter 11 bankruptcy cases on Sept. 9,
2016.
All of the conditions under its Plan of Reorganization, which was
confirmed by the US Bankruptcy Court for the District of Delaware
on Sept. 8, 2016, have been satisfied or otherwise waived in
accordance with the terms of the Restructuring Plan.


HAMPSHIRE GROUP: Obtains Forbearance Extension Until Nov. 21
------------------------------------------------------------
As previously reported, on Aug. 12, 2016, Hampshire Group, Limited
and certain of its subsidiaries entered into a forbearance
agreement dated Aug. 11, with Salus CLO 2012-1, Ltd. and Salus
Capital Partners, LLC, as lenders, pursuant to which, among other
things:

    (i) the Lenders agreed to forbear from exercising their rights
        under the Credit Agreement with the Borrowers through
        Nov. 7, 2016, as a result of the passage of the maturity
        and forbearance date of the Credit Agreement and with
        respect to certain specified defaults, provided that
        Borrowers are in compliance with the terms of the
        Forbearance Agreement and Credit Agreement;

   (ii) the Borrowers proposed a wind down budget for certain of
        their operations;

  (iii) the Lenders agreed to continue to finance the Borrowers
        through Nov. 7, 2016, subject to compliance with the wind
        down budget, the Forbearance Agreement and the Credit
        Agreement; and

   (iv) the revolving credit commitment under the Credit Agreement
        was reduced to $17.0 million effective as of the date of
        the Forbearance Agreement and would be reduced to $10.0
        million on Oct. 1, 2016.

On Sept. 29, 2016, the Borrowers and the Lenders entered into an
amendment of the Forbearance Agreement pursuant to which (i) the
Lenders extended the Forbearance Date to Nov. 21, 2016, provided
that Borrowers are in compliance with the terms of the Forbearance
Agreement and Credit Agreement, (ii) the Lenders agreed to continue
to finance the Borrowers through Nov. 21, 2016, subject to
compliance with the wind down budget, the Forbearance Agreement and
the Credit Agreement and (iii) the Lenders agreed that the
revolving credit commitment under the Credit Agreement will be
reduced to $13.5 million on Oct. 1, 2016.

                    About Hampshire Group

New York-based Hampshire Group, Limited (OTC Markets: HAMP) is a
provider of fashion apparel across a broad range of product
categories, channels of distribution and price points.  As a
holding company, the Company operates through its wholly-owned
subsidiaries, Hampshire Brands, Inc. and Hampshire International,
LLC.  The Company completed the sale of Rio Garment S.A. effective
April 10, 2015.

The Company incurred a net loss of $28.8 million in 2014 following
a net loss of $16.04 million in 2013.

As of Sept. 26, 2015, Hampshire had $37.9 million in total assets,
$44.8 million in total liabilities and a $6.93 million total
stockholders' deficit.

Elliott Davis Decosimo LLC, in Greenville, South Carolina, issued a
"going concern" qualification on the consolidated financial
statements for the year ended Dec. 31, 2015, citing that the
Company has suffered recurring losses and incurred negative cash
flows from continuing operations and its total liabilities exceed
its total assets at December 31, 2014.  In addition, the Company is
in default under its credit facility and has entered into a
forbearance agreement and amendment to the credit facility, which
among other items, changed the maturity date of the credit facility
to February 29, 2016.  The Company's lenders have indicated that
they will not renew the credit facility beyond that maturity date,
because they intend to exit this line of business. The Company is
in the process of attempting to obtain financing with a new lender.
These conditions, the auditors said, raise substantial doubt about
the Company's ability to continue as a going concern.


HARBORVIEW TOWERS COUNCIL: Seeks Extension of Plan Filing Period
----------------------------------------------------------------
Council of Unit Owners of the 100 Harborview Drive Condominium asks
the U.S. Bankruptcy Court for the District of Maryland to extend
its exclusive periods to file a plan of reorganization and obtain
acceptances to the plan through November 4, 2016 and January 4,
2017, respectively.

Absent an extension, the Debtor's exclusive period to file a plan
of reorganization would have expired on October 5, 2016.  The
Debtor's exclusive period to solicit acceptances to its plan is
currently set to expire on December 5, 2016.

The Debtor tells the Court that it has been actively consulting
with its counsel regarding restructuring the Debtor's existing
credit facilities with its secured lender, Howard Bank, and
negotiating with unit owners to resolve their concerns.  The Debtor
further tells the Court that it is working closely with its counsel
to prepare adequate information to properly assess the options
available to it.  The Debtor contends that because of ongoing
discussions, additional time is warranted and cause exists to
extend its exclusive periods.

                About Council of Unit Owners
           of the 100 Harborview Drive Condominium

Council of Unit Owners of the 100 Harborview Drive Condominium, a
condominium association, sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. D. Md. Case No. 16-13049) on March 9, 2016.
Dr. Reuben Mezrich signed the petition as president.  The Debtor
estimated assets in the range of $10 million to $50 million and
liabilities of up to $50 million.  The Debtor is represented by
Paul Sweeny, Esq., at Yumkas, Vidmar, Sweeney & Mulrenin, LLC.
Judge James F. Schneider is assigned to the case.



HECK INDUSTRIES: Sale of Assets to Bayou for $550K Approved
-----------------------------------------------------------
Judge Douglas D. Dodd of the U.S. Bankruptcy Court for the Middle
District of Louisiana authorized Heck Industries, Inc., to sell two
Louisiana batch plants located in Moreauville and Mansura, along
with a along with the cement trucks and equipment to Bayou Ready
Mix, LLC, for of $550,000.

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

A copy of the list of assets to be sold attached to the Order is
available for free at:

           http://bankrupt.com/misc/Heck_Industries_355_Order.pdf

As a condition of the sale, the execution by the Debtor of the
"Agreement To Not Compete" is approved and ratified, and,
accordingly, (i) any and all claims scheduled by the Debtor as due
to, or asserted by, 3B Trucking, LLC in the case are forever
disallowed and expunged, and (ii) Bayou Ready Mix is ordered and
directed to make two payments of $10,000 each to the Debtor on Aug.
1, 2017, and on Aug. 1, 2018, which payments are recognized as a
portion of the collateral securing Investar's claim.

As a condition of the Committee withdrawing its objection to the
closing of the sale prior to the confirmation of the Debtor's
Chapter 11 plan, which plan will incorporate the payment terms for
the General Unsecured Claims (excluding any alleged deficiency
claims of Investar, Buzzi, Mack, and Caterpillar) as set forth in
the Mediation Settlement Term Sheet - Heck Industries, Inc. and
Heck Enterprises, Inc., executed on Sept. 30, 2016 by the Debtors,
Wallace Heck, Jr., the Committee, Investar, Buzzi, Southern
Aggregates and Continental Cement Company ("Mediation Settlement"),
the Debtor agrees to hold no less than $783,000 in trust out of the
BP Claim Proceeds for the benefit of the holders of allowed General
Unsecured Claims.  The designated amount is held in trust and
designated for the benefit of the holders of allowed General
Unsecured Claims, but is not a limit on what is required to be paid
to the holders of allowed General Unsecured Claims in accordance
with the Mediation Settlement.

Wallace E. Heck, Jr., as President of Heck Industries, is
authorized and directed to execute any and all documents relating
to the sale and the consummation of same.

From the sale proceeds, the Debtor and/or any closing attorney or
agent is authorized and directed to pay (i) Investar Bank the sum
of $127,600 for the amount it is owed for the cement trucks being
sold which it holds as collateral; and (ii) Buzzi Unicem USA, Inc.
the sum of $150,000.

The remaining proceeds will be paid to the Debtor and may be used
by the Debtor in the operation of its business during the pendency
of the case.

                  About Heck Industries

Heck Industries, Inc., sought Chapter 11 protection (Bankr. M.D.
La. Case No. 16-10516) on April 29, 2016, in Baton Rouge,
Louisiana.  The Hon. Douglas D. Dodd is the case
judge.  William E. Steffes, Esq., Noel Steffes Melancon,
Esq.,
and Barbara B. Parsons, Esq., at Steffes, Vingiello & McKenzie,
L.L.C., serve as the Debtor's bankruptcy counsel.

The Debtor is the owner of a concrete supply business which has
operated throughout Louisiana since 1957.  The Debtor's
chapter
11 case was precipitated by a severe strain on collection of its
accounts receivable due to, among other things, unfortunate
weather
conditions hampering the Debtor's ability to complete numerous
jobs
awarded to it.

The Debtor estimated $1 million to $10 million in assets and debt.


HOLSTED MARKETING: Wants Dec. 5 Exclusive Plan Filing Extension
---------------------------------------------------------------
Holsted Marketing, Inc. d/b/a Holsted Jewelry asks the U.S.
Bankruptcy Court for the Southern District of New York to extend
its exclusive periods within which to file a chapter 11 plan and
solicit acceptances of that plan, to December 5, 2016 and February
3, 2017, respectively.

The Debtor relates that since its chapter 11 filing, it has been
working together with its professionals to discuss the Debtor's
operational performance and the terms of a chapter 11 plan with the
Official Committee of Unsecured Creditors.  The Debtor further
relates that the Debtor's management team has had several meetings
with counsel to the Official Committee, including a meeting in
which the Official Committee members participated.  The Debtor adds
that it has provided substantial information to the Official
Committee regarding its business and projections.

The Debtor tells the Court that it intends to have an additional
meeting with the Official Committee, with all of the Official
Committee members to further discuss a consensual plan of
reorganization.  The Debtor further tells the Court that granting
the requested extension will allow the Debtor to prepare adequate
information for parties in interest and to proceed with a viable
Plan.

A hearing on the Debtor's Motion is scheduled on November 17, 2016
at 10:00 a.m.

           About Holsted Marketing, Inc.

Founded in 1971, Holsted Marketing is a New York-based multichannel
direct-marketing company, and has supplied fashion jewelry and
accessories to millions of customers in the United States, Canada
and the United Kingdom.

Holsted filed its second chapter 11 petition (Bankr. S.D.N.Y. Case
No. 16-11683) on June 8, 2016.  The petition was signed by Roy
Rathbun, senior vice president of finance and IT.  The Debtor is
represented by Gerard R. Luckman, Esq., atv SilvermanAcampora,
LLP.

The case is assigned to Judge James L. Garrity, Jr.  The Debtor
estimated assets and liabilities at $1 million to $10 million at
the time of the filing.

The Office of the U.S. Trustee appointed three creditors of Holsted
Marketing, Inc., to serve on the official committee of unsecured
creditors.


HORSEHEAD HOLDING: Equity Panel Retains Bifferato as Counsel
------------------------------------------------------------
The Official Committee of Equity Security Holders of Horsehead
Holding Corp. seeks authorization from the U.S. Bankruptcy Court
for the District of Delaware to retain Bifferato Firm, P.A. as
conflicts counsel effective as of August 21, 2016.

Bifferato will render (or has already rendered) these professional
services when the Equity Committee's primary counsel Richards
Layton & Finger is conflicted:

   a. advise the Equity Committee of its rights, powers and
      duties in the Chapter 11 Cases;

   b. assist and advise the Equity Committee in its consultations
      with the Debtors relative to the administration of the
      Chapter 11 Cases;

   c. assist the Equity Committee in analyzing the claims of the
      Debtors’ creditors and in negotiating with such creditors;

   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 the Debtors'
      businesses;

   e. assist the Equity Committee in its analysis of, and
      negotiations with, the Debtors or their creditors
      concerning matters related to, among other things, the
      terms of any plan or plans of reorganization or liquidation
      or any section 363 sale;

   f. prepare on behalf of the Equity Committee any necessary
      motions, applications, objections, answers, orders, reports
      and papers in furtherance of the Equity Committee's
      interests and objectives; and

   g. perform all other necessary legal services as may be
      required and are deemed to be in the interests of the
      Equity Committee in connection with the Chapter 11 Cases.

Bifferato does not hold any interest adverse to the Equity
Committee or the Debtors' estates and, while employed by the Equity
Committee, will not represent any person having an adverse interest
in connection with these cases, and Bifferato is a "disinterested
person" as defined in section 101(14) of the Bankruptcy Code.

As required by the Guidelines for Reviewing Applications for
Compensation and Reimbursement of Expenses Filed under 11 U.S.C.
section 330 by Attorneys in Larger Chapter 11 Cases, effective
November 1, 2013, Bifferato disclosed that:

   a. Bifferato advised the Equity Committee that its fees will
      be commensurate with the fees charged to its other clients
      and fees charged in cases of this size;

   b. None of the professionals included in this engagement vary
      their rate based on the geographic location of the
      bankruptcy case;

   c. Bifferato did not represent the Equity Committee or any of
      its members prior to the Petition Date; and

   d. Bifferato, in conjunction with the Equity Committee and
      RL&F, is developing a prospective budget and staffing plan
      for Bifferato's involvement in these Chapter 11 Cases.

Bifferato intends to utilize the following personnel in this
matter, along with the customary hourly rates indicated below:

         Attorney               Status          Hourly Rate

   Ian Connor Bifferato        Director            $550
   Thomas F. Driscoll III      Counsel             $450
   Mary Dunwody                Paralegal           $230

Bifferato can be reached at:

     Ian Connor Bifferato, Esq.
     Thomas F. Driscoll, Esq.
     THE BIFFERATO FIRM, P.A.
     1007 N. Orange St., 4th Floor
     Wilmington, DE 19801
     Tel: (302) 225-7600
     Fax: (302) 254-5383

                            *     *     *

Mr. Driscoll III, Esq., on Oct. 5, notified the Bankruptcy Court
that no objection or response to Employment Application has been
docketed with the Court or served on counsel.  Objections to the
firm's retention were due September 30, 2016.  Accordingly, the
Equity Committee requests that the Court signed on the Approval
Order at the earliest convenience of the Court.

                     About Horsehead Holding Corp.

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

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

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

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

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

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


IHEARTCOMMUNICATIONS INC: Gets Requisite Okay to Amend Indenture
----------------------------------------------------------------
iHeartCommunications, Inc., announced the successful completion of
its consent solicitation to holders of its outstanding Senior Notes
due 2021 to a proposed amendment to Section 4.09(b)(1) of the
indenture governing the Notes to increase the aggregate principal
amount of Indebtedness under Credit Facilities (as defined in the
Indenture) permitted to be incurred under Section 4.09(b)(1) by
$500,000,000 to $17,270,638,000.

The Company received consents from holders of $1,410,114,917 in
aggregate principal amount of the Notes, representing a majority of
the total outstanding principal amount of the Notes (excluding any
Notes held by the Company or its affiliates).  In conjunction with
receiving the requisite consents, the Company and the Trustee
executed a supplemental indenture to the Indenture to effect the
Proposed Amendment.

The Company will pay an aggregate cash payment of $8.6 million to
consenting holders pro rata to such consenting holders in
accordance with the aggregate principal amount of Notes for which
consents were validly delivered (and not revoked) in accordance
with the conditions of the Consent Solicitation.  Based on the
consents received, the Consent Fee will be allocated to the
consenting holders in an amount equal to approximately $6.10 for
each $1,000 principal amount of Notes for which consents were
Validly Delivered.

                   About iHeartCommunications

iHeartCommunications, Inc., (formerly known as Clear Channel
Communications, Inc.) is a global media and entertainment company.
The Company specializes in radio, digital, outdoor, mobile,
social, live events, on-demand entertainment and information
services for local communities, and uses its unparalleled national
reach to target both nationally and locally on behalf of its
advertising partners.  The Company is dedicated to using the
latest technology solutions to transform the company's products
and services for the benefit of its consumers, communities,
partners and advertisers, and its outdoor business reaches over 40
countries across five continents, connecting people to brands
using innovative new technology.

IheartCommunications reported a net loss attributable to the
Company of $755 million on $6.24 billion of revenue for the year
ended Dec. 31, 2015, compared to a net loss attributable to the
Company of $794 million on $6.31 billion of revenue for the
year ended Dec. 31, 2014.

As of June 30, 2016, the Company had $13.3 billion in total assets,
$24.3 billion in total liabilities and a total shareholders'
deficit of $10.9 billion.

                       Bankruptcy Warning

"The ability to refinance the debt will depend on the condition of
the capital markets and our financial condition at such time.  
Any refinancing of the debt could be at higher interest rates and
increase debt service obligations and may require us and our
subsidiaries to comply with more onerous covenants, which could
further restrict our business operations.  The terms of existing
or future debt instruments may restrict us from adopting some of
these alternatives.  These alternative measures may not be
successful and may not permit us or our subsidiaries to meet
scheduled debt service obligations.  If we or our subsidiaries
cannot make scheduled payments on indebtedness, we or our
subsidiaries, as applicable, will be in default under one or more
of the debt agreements and, as a result we could be forced into
bankruptcy or liquidation," the Company said in its annual report
for the year ended Dec. 31, 2015.  

                           *    *    *

iHeartCommunications carries a 'CCC' Issuer Default Ratings (IDR)
from Fitch Ratings and a 'Caa2 Corp.' corporate family rating from
Moody's Investors Service.


IMS HEALTH: S&P Removes 'BB+' Rating from CreditWatch Positive
--------------------------------------------------------------
S&P Global Ratings raised the issue-level ratings on IMS Health
Inc.'s, IMS AG's, and IMS Japan K.K.'s senior secured debt to
'BBB-' (the same as the corporate credit rating) from 'BB-' with a
CreditWatch with positive implications.  S&P also raised the
issue-level ratings on the senior unsecured debt to 'BB+' from 'B+'
with a CreditWatch with positive implications.  S&P removed these
ratings from CreditWatch positive, which S&P assigned on
May 4, 2016.

S&P is also assigning a final 'BB+' rating to IMS Health Inc.'s
senior unsecured USD denominated notes due 2026 and senior
unsecured EUR notes due 2024.

At the same time S&P is withdrawing the corporate credit rating on
IMS Health Inc., as it is now a subsidiary of the parent entity
Quintiles IMS Holdings Inc.

S&P will withdraw the rating on the $500 million 6% senior
unsecured notes due 2020 when they are redeemed.

"Our ratings on IMS Health Inc.'s debt reflect our belief that IMS
Health Inc. is a core subsidiary of Quintiles IMS Holdings Inc.
because essentially all of the parent company's operating results
flow through IMS Health Inc.," said credit analyst Matthew Todd.
"The unsecured debt is notched one level below the corporate credit
rating and the rating on the secured debt because secured debt is a
meaningful component of the capital structure, and equates to over
20% of adjusted assets."


INTERPACE DIAGNOSTICS: Obtains $1.2M Financing from SCM Specialty
-----------------------------------------------------------------
Interpace Diagnostics Group, Inc., and its wholly-owned direct and
indirect subsidiaries, Interpace Diagnostics, LLC, and Interpace
Diagnostics Corporation, entered into a credit agreement with SCM
Specialty Finance Opportunities Fund, L.P., on Sept. 28, 2016.

Pursuant to and subject to the terms of the Credit Agreement, the
Lender agreed to provide a revolving loan to the Company in the
maximum principal amount of $1.2 million.  The maturity date of the
Loan is Sept. 28, 2018.  The Loan bears interest at an annual rate
equal to the Prime Rate (as defined in the Credit Agreement) plus
2.75%, payable in cash monthly in arrears.  The interest rate will
be increased by 5.0% in the event of a default under the Credit
Agreement.  Events of default under the Credit Agreement, some of
which are subject to certain cure periods, include a failure to pay
or perform obligations when due, the making of a material
misrepresentation to the Lender, the rendering of certain judgments
or decrees against the Company and its Subsidiaries and the
initiation, voluntarily or involuntarily, of a bankruptcy or
similar proceeding against the Company or its Subsidiaries.

The Company agreed to pay certain out-of-pocket costs and expenses
incurred by the Lender in connection with the Credit Agreement and
related documents, the administration of the Loan and related
documents and the enforcement or protection of the Lender's rights.
The Lender is also entitled to:

   (a) a $12,000 origination fee;

   (b) a monthly unused line fee equal to the amount which is one-
       twelfth of one percent (0.083%) of the difference between
       (i) the outstanding balance of the Loan during the
preceding
       month, and (ii) the Facility Cap on the date of
       determination;

   (c) a monthly collateral management fee equal to one-sixth of
       one percent (0.1666%) of the average daily balance under
       the Credit Agreement outstanding during the preceding
       month; and

   (d) a termination fee equal to (i) two percent (2%) of the
       Facility Cap if the Credit Agreement is terminated before
       the first anniversary of the Closing Date, or (ii) one
       percent (1%) of the Facility Cap if the Credit Agreement is
       terminated after the First Anniversary.

The Company must also pay certain fees in the event that (a) the
amount outstanding under the Credit Agreement exceeds the
availability under the Credit Agreement's borrowing base, and (b)
receivables are not properly deposited in the appropriate lockbox
account.

The Credit Agreement contains customary representations and
warranties in favor of the Lender and certain covenants, including,
among other things, financial covenants relating to loan turnover
rates, liquidity and revenue targets.

As of Oct. 4, 2016, the Company had not borrowed any funds under
the Credit Agreement.

On the Closing Date, the Company and its Subsidiaries acknowledged
and agreed to an Intercreditor Agreement by and between the Lender
and RedPath Equityholder Representative, LLC, a Delaware limited
liability company, in connection with that certain Non-Negotiable
Subordinated Secured Promissory Note, dated as of Oct. 31, 2014, by
the Company and Interpace LLC, in favor of the Equityholder
Representative, on behalf of the former equity holders of RedPath
Integrated Pathology, Inc.  Pursuant to the Intercreditor
Agreement, the Lender has a first lien security interest on all of
the accounts receivable (and related intangibles) of the Company
and its Subsidiaries and the Equityholder Representative has a
second lien security interest, subordinated to the Lender, on all
the accounts receivables (and related intangibles) of the Company
and its Subsidiaries.  In addition, pursuant to the Intercreditor
Agreement, the Equityholder Representative has a first lien
security interest on all other assets of the Company and its
Subsidiaries and the Lender has no lien with respect to such other
assets.

The Note, which was entered into in connection with the Company's
acquisition of RedPath on Oct. 31, 2014, is for the principal
amount of $10.67 million, is interest-free and was to be paid in
eight equal consecutive quarterly installments beginning Oct. 1,
2016.

On Sept. 30, 2016, the Company, Interpace LLC and the Equityholder
Representative entered into a Third Amendment To Non-Negotiable
Subordinated Secured Promissory Note to extend by one month,
subject to the terms of the Third Amendment, the due date for the
first quarterly payment of principal under the Note.  Pursuant to
the Third Amendment, the Company is required to make eight
installment payments of principal, with each payment equal to
$1,333,750, together with accrued and unpaid interest, if any.  The
first payment is due on Nov. 1, 2016, and subsequent payments are
to be made on the first day of each fiscal quarter, beginning on
Jan. 1, 2017.  If not paid sooner, all principal and accrued
interest will be due and payable on Oct. 1, 2018.

Commerce Health Ventures, L.P., an affiliate of NewSpring Capital,
was a stockholder of RedPath and serves as the Equityholder
Representative.  In connection with the Company's acquisition of
RedPath, the Company entered into a Contingent Consideration
Agreement with the Equityholder Representative, the Company issued
the Note, and the Company assumed a liability for a January 2013
settlement agreement entered into by RedPath with the Department of
Justice.  From Oct. 30, 2015, to Sept. 13, 2016, Kapila Ratnam, a
partner at NewSpring Capital, served as a director of the Company.
Additional information regarding these transactions can be found in
the Company's filings with the U.S. Securities and Exchange
Commission, a copy of which is available for free at:

                      https://is.gd/xDjOEe

                   About Interpace Diagnostics

Headquartered in Parsippany, New Jersey, Interpace Diagnostics
Group, Inc., is focused on developing and commercializing molecular
diagnostic tests principally focused on early detection of high
potential progressors to cancer and leveraging the latest
technology and personalized medicine for patient diagnosis and
management.  The Company currently has four commercialized
molecular tests: PancraGen, a pancreatic cyst molecular test that
can aid in pancreatic cyst diagnosis and pancreatic cancer risk
assessment utilizing our proprietary PathFinder platform; ThyGenX,
which assesses thyroid nodules for risk of malignancy, ThyraMIR,
which assesses thyroid nodules risk of malignancy utilizing a
proprietary gene expression assay.

As of June 30, 2016, Interpace had $53.5 million in total assets,
$47.5 million in total liabilities and $5.99 million in total
stockholders' equity.

Interpace reported a net loss of $11.35 million in 2015 following a
net loss of $16.07 million in 2014.

BDO USA, LLP, in Woodbridge, New Jersey, issued a "going concern"
qualification on the consolidated financial statements for the year
ended Dec. 31, 2015, citing that the Company has suffered recurring
losses from continuing operations that raise substantial doubt
about its ability to continue as a going concern.


INTERPACE DIAGNOSTICS: Two Directors Resign from Board
------------------------------------------------------
Heinrich Dreismann, Ph.D., resigned as a member of the Board of
Directors of Interpace Diagnostics Group, Inc. effective Sept. 30,
2016.  Dr. Dreismann's resignation was not the result of a
disagreement with the Company on any matter relating to the
Company's operations, policies or practices.

On Oct. 2, 2016, Harry Glorikian resigned as a member of the Board
of Directors of the Company effective immediately.  Mr. Glorikian's
resignation was not the result of a disagreement with the Company
on any matter relating to the Company’s operations, policies or
practices.

                  About Interpace Diagnostics

Headquartered in Parsippany, New Jersey, Interpace Diagnostics
Group, Inc., is focused on developing and commercializing molecular
diagnostic tests principally focused on early detection of high
potential progressors to cancer and leveraging the latest
technology and personalized medicine for patient diagnosis and
management.  The Company currently has four commercialized
molecular tests: PancraGen, a pancreatic cyst molecular test that
can aid in pancreatic cyst diagnosis and pancreatic cancer risk
assessment utilizing our proprietary PathFinder platform; ThyGenX,
which assesses thyroid nodules for risk of malignancy, ThyraMIR,
which assesses thyroid nodules risk of malignancy utilizing a
proprietary gene expression assay.

As of June 30, 2016, Interpace had $53.5 million in total assets,
$47.5 million in total liabilities and $5.99 million in total
stockholders' equity.

Interpace reported a net loss of $11.4 million in 2015 following a
net loss of $16.07 million in 2014.

BDO USA, LLP, in Woodbridge, New Jersey, issued a "going concern"
qualification on the consolidated financial statements for the yera
ended Dec. 31, 2015, citing that the Company has suffered recurring
losses from continuing operations that raise substantial doubt
about its ability to continue as a going concern.


INTRAWEST RESORTS: Moody's Retains B2 CFR on Loan Repricing
-----------------------------------------------------------
Moody's Investors Service said that Intrawest Resorts Holdings,
Inc.'s (NYSE: SNOW or "Intrawest") proposed re-pricing of its
$600 million principal first lien term loan (approximately
$554 million outstanding) and $25 million principal revolving
credit facility (undrawn) is a moderate credit positive, but it
does not impact the company's B2 Corporate Family Rating (CFR) or
stable rating outlook.

Intrawest Resorts Holdings, Inc., headquartered in Denver,
Colorado, is one of North America's premier mountain resort and
adventure companies and is publicly traded under the symbol "SNOW"
on the NYSE following its February 2014 IPO.  Intrawest operates
three reportable segments through its subsidiaries including
Mountain (approximately 74% of FY16 reported segment revenues),
Adventure (18%), and Real Estate (7%).  The Mountain segment
includes six ski resorts in the US and Canada including; Steamboat
and Winter Park in Colorado, Stratton in Vermont, Snowshoe in West
Virginia, Mont Tremblant in Quebec, and Blue Mountain in Ontario.
The company also owns a 15% interest in Mammoth Mountain in
California, as well as Canadian Mountain Holidays (CMH), which is a
heli-skiing operator and aviation business, and a comprehensive set
of real estate businesses.  Real estate includes the management of
condo/hotel properties through Intrawest Hospitality Management
(IHM), and sales and marketing of residential real estate through
Playground.  Post-IPO Intrawest remains beneficially owned by
Fortress Investment Group, which owns 68% of Intrawest's
outstanding shares.  During the twelve months ended June 30, 2016,
(FY16) the company generated reported revenues of approximately
$571 million.



INTREPID POTASH: Obtains Debt Waiver Extension and Amendment
------------------------------------------------------------
Intrepid Potash Inc. announced that is has obtained an extension to
its previous waiver of certain covenants under its senior notes
until Oct. 31, 2016.  The previous waiver was to expire on Sept.
30, 2016.

"The extension of the waiver is intended to provide additional time
to complete definitive documentation for the revised note terms as
well as the terms of the previously announced alternative credit
facility," said Bob Jornayvaz, Intrepid's executive chairman,
president and CEO.  "These negotiations have been impacted by the
complexity of the numerous constituents involved and the evolving
nature of the current potash and langbeinite markets.  We continue
to negotiate for the benefit of all parties involved and remain
grateful to our note holders for their continued active engagement
in this process as we work towards a definitive resolution."

In connection with the waiver and amendment, on Oct. 3, 2016,
Intrepid is required to pay the noteholders $15.8 million,
consisting of a $15 million principal payment and a $0.8 million
negotiated make-whole payment resulting from early retirement of
the notes.

In July, Intrepid announced that it received a commitment from a
third party lender for a new credit facility, subject to various
conditions, and that commitment remains in place.  Intrepid's
previous credit facility, which had a borrowing capacity of $1
million to be used only for letters of credit, expired in
accordance with its terms on Sept. 30, 2016.

Intrepid can make no assurance that the definitive documentation
relating to the senior notes and new credit facility will be
entered into by Oct. 31, 2016, or at all.

A full-text copy of the Second Amendment and Sixth Waiver to Note
Purchase Agreement is available for free at https://is.gd/KksGfE

                       About Intrepid

Intrepid Potash -- http://www.intrepidpotash.com/-- is the only
U.S. producer of muriate of potash and supplied approximately 9% of
the country's annual consumption in 2015.  Potash is applied as an
essential nutrient for healthy crop development, utilized in
several industrial applications and used as an ingredient in animal
feed.  Intrepid also produces a specialty fertilizer, Trio(R),
which delivers three key nutrients, potassium, magnesium, and
sulfate, in a single particle.

Intrepid serves diverse customers in markets where a logistical
advantage exists; and is a leader in the utilization of solar
evaporation production, one of the lowest cost, environmentally
friendly production methods for potash.  After the idling of its
West mine in July 2016, Intrepid's production will come from three
solar solution potash facilities and one conventional underground
Trio(R) mine.

As of June 30, 2016, Intrepid had $600 million in total assets,
$203 million in total liabilities and $396 million in total
stockholders' equity.

The Company reported a net loss of $525 million in 2015 following
net income of $9.76 million in 2014.

KPMG LLP, in Denver, Colorado, issued a "going concern"
qualification on the consolidated financial statements for the year
ended Dec. 31, 2015, citing that the Company anticipates that due
to current market conditions, they may not meet their current debt
covenant requirements in 2016, which could result in the
acceleration of debt maturities and other remedies pursuant to the
terms of the debt.  These matters raise substantial doubt about
their ability to continue as a going concern.


ITT EDUCATIONAL: Retains A&G Realty, Tiger Capital to Sell Assets
-----------------------------------------------------------------
A&G Realty Partners and Tiger Capital Group have been retained by
the Trustee of ITT Educational Services Inc. to manage the sale of
the Company's owned properties and leases, in addition to all
furniture, fixtures and equipment from the sites, as well as
certain intellectual property.

A&G Realty is currently accepting offers for the Company's 30 owned
properties, which range from 20,000 to 59,000 square feet, in
California, Florida, Texas, Idaho, Mississippi, Michigan,
Tennessee, Wisconsin, Washington, Illinois, New York, Georgia,
Ohio, and Indiana.  The properties are well located in major metro
and strong secondary markets, such as San Bernardino, Houston, San
Dimas, Tampa, San Antonio, Webster, and Boise.  In addition, A&G is
accepting bids on the Company's 111 leases, which range from 4,000
to 44,000 square feet, with sites located in 38 states.

"The owned real estate is a very unique opportunity for investors,
developers and users.  ITT developed a very strong real estate
portfolio, which includes surplus land for future development at
many of the sites," said A&G Realty Partners co-founders, Emilio
Amendola and Andy Graiser.  "These are well-built buildings in
excellent condition, with good ceiling height and above-average
parking, which can be used for flex, office, retail, health-related
facilities, and schools.  In addition, investors and users have the
option to include all of the furniture and equipment as part of
their bid.  We are expecting a high level of interest in all of the
properties."

A vast selection of office and classroom furniture; computer,
network, server and telecom equipment; as well as electronic
testing, medical and hospital training, and other trade-specific
equipment will initially be available in volume or on a turnkey
basis to parties that purchase or lease the properties.  Tiger
Capital Group will auction off the remaining assets at locations
and times to be announced within the next 30 to 45 days.

"Educational, technical and medical institutions, and just about
any kind of business will be interested in the furniture, fixtures
and equipment that will be available for sale," added
Jeff Tanenbaum, President of Tiger's Commercial & Industrial
division.  "The volume, variety and quality of assets is
staggering."

For more information on the real property, please visit
www.agrealtypartners.com.  Bids are due immediately.

For more information on furniture, fixtures, equipment and
intellectual property available, please visit: www.SoldTiger.com.

ITT Educational Services filed for voluntary bankruptcy on
September 16, 2016 in the United States Bankruptcy Court for the
Southern District of Indiana, Indianapolis Division (case number
1:16-bk-07207).

                   About A&G Realty Partners

A&G Realty Partners -- http://www.agrealtypartners.com/--
specializes in real estate dispositions, lease restructurings,
facilitating growth opportunities, valuations and acquisitions.
A&G Realty clients include some of the nation's most recognizable
companies in healthy and distressed situations. A&G Realty was
founded in 2012 and headquartered in New York with offices in
Chicago and Los Angeles.

                       About Tiger Group

Tiger Group -- http://www.TigerGroup.com/-- provides asset
valuation, advisory and disposition services to a broad range of
retail, wholesale, and industrial clients.  Tiger maintains offices
in New York, Los Angeles, Boston, Chicago, Sydney and
San Francisco.

                     About ITT Educational

ITT Educational Services, Inc., is a proprietary provider of
post-secondary degree programs in the United States based on
revenue and student enrollment.  As of Dec. 31, 2015, ITT was
offering: (a) master, bachelor and associate degree programs to
approximately 45,000 students at ITT Technical Institute and Daniel
Webster College locations; and (b) short-term information
technology and business learning solutions for individuals.

ITT Educational and its subsidiaries ESI Service Corp. and Daniel
Webster College, Inc. ceased operations and commenced bankruptcy
proceedings by filing voluntary petitions for relief under
Chapter 7 of the Bankruptcy Code in the U.S. Bankruptcy Court for
the Southern District of Indiana, Indianapolis Division on Sept.
16, 2016.


JELD-WEN INC: Moody's Affirms B1 CFR, Outlook Stable
----------------------------------------------------
Moody's Investors Service affirmed JELD-WEN, Inc.'s Corporate
Family Rating at B1, Probability of Default Rating at B1-PD, and
the rating on the company's $1.6 billion term loan that includes a
proposed $375 million add-on at B1.  The rating outlook is stable.

The proceeds from the $375 million add-on term loan along with a
$35 million draw from the $300 million revolving credit facility
will be used to fund a $400 million distribution to the company's
shareholders, including its majority owner Onex Corporation and pay
related fees and expenses.  Moody's notes that this is the second
distribution the owners have taken within the last 16 months,
amounting to around $800 million and resulting in negative equity.
If the company continues to take further distributions of size,
thereby reducing the value of its balance sheet, the B1 Corporate
Family Rating is at risk of a downgrade.

Moody's took these rating actions on JELD-WEN, Inc.:

  Corporate Family Rating, affirmed at B1;
  Probability of Default Rating, affirmed B1-PD;
  $1,615 million term loan (includes proposed $375 million add-
   on), affirmed at B1 (LGD4);
  Outlook is stable.

                        RATINGS RATIONALE

While this transaction adds a significant amount of debt to
JELD-WEN's balance sheet, Moody's affirmed the B1 Corporate Family
Rating based on the expectation that the company will use its free
cash flow to pay down debt and bring its debt to EBITDA back in
line with the rating category in the next 12 to 18 months.  The
transaction increases pro forma 6/25/16 Moody's adjusted debt to
EBITDA by over a turn to 5.3x. However, EBITDA growth alone should
bring the ratio below 5.0x by the end of 2016.  Through further
EBITDA growth and over $100 million of free cash flow generation in
2017, Moody's expects JELD-WEN to bring its debt to EBITDA to
approximately 4.3x.  Moody's believes that JELD-WEN's willingness
to reduce debt and leverage is supported by its desire to complete
an initial public offering.

The rating is also supported by JELD-WEN's globally diversified end
markets with operations in 19 different countries.  With sales
exceeding $3.5 billion for the twelve months trailing June 25,
2016, JELD-WEN achieves significant scale in its manufacturing and
purchasing.  Furthermore, it holds a strong competitive position in
each of its segments, particularly in residential doors, where it
is the first or second largest player in North America, Australia,
and its European end markets.  The B1 rating is also supported by
JELD-WEN's improving margins.  The company is putting an emphasis
on lowering supply cost through centralization and contract
renegotiations and we anticipate EBITA margins to approach 8% in
2017.

At the same time, the B1 Corporate Family Rating also considers
JELD-WEN's aggressive balance sheet management.  Inclusive of the
subject transaction, the company has distributed over $800 million
to shareholders in the past 16 months in debt funded dividends.
Furthermore, the company is active in the M&A market and cash flow
is used to acquire businesses rather than for debt reduction.  The
B1 rating also considers the cyclical nature of the building
products sector as well as the competitive end markets that
JELD-WEN operates in.

The stable rating outlook is based on Moody's expectations that
amidst a favorable operating environment, particularly in the North
American new housing and repair and remodeling markets, JELD-WEN
should generate substantial cash flow such that it can reduce its
debt over the next 12 to 18 months.

The ratings could be upgraded if the company adopts more
conservative financial policies and improves credit metrics such
that adjusted debt to EBITDA is sustained below 3.0x and EBITA
interest coverage is sustained above 5.0x.

The ratings may be downgraded if additional dividends are paid to
shareholders, if the company's liquidity weakens, or if credit
metrics weaken such that debt to EBITDA is sustained above 5.0x or
adjusted EBITA interest coverage is sustained below 2.0x.

JELD-WEN, Inc., with corporate offices in Charlotte, North
Carolina, is a vertically integrated manufacturer of doors and
windows that are marketed primarily under the JELD-WEN brand names
in the U.S. and Canada and under a variety of names in Europe,
Australia, and Asia.  Revenue for the 12 months ended June 25,
2016, totaled approximately $3.5 billion.


JOSEPH JASKOT: Plan Confirmation Hearing on Nov. 7
--------------------------------------------------
The Hon. Kathy A. Surratt-States of the U.S. Bankruptcy Court for
the Eastern District of Missouri has approved Joseph P. Jaskot and
Jacqueline L. Jaskot's disclosure statement dated Aug. 16, 2016.

The hearing on the confirmation of the Debtor's plan of
reorganization will be held on Nov. 7, 2016, at 11:00 a.m.  Oct.
31, 2016, is the deadline for filing objections to the confirmation
of the Plan.  Oct. 31 is also the last day to submit a written
ballot accepting or rejecting the Plan.

As reported by the Troubled Company Reporter on Aug. 29, 2016, the
Debtors filed the Plan that proposes to set aside $24,900 to pay
general unsecured creditors.  Under the plan, Class 4 general
unsecured creditors will receive their pro rata share of $24,900 to
be distributed in the form of quarterly payments for five years.

                        About The Jaskots

Joseph and Jacqueline Jaskot, residents of Missouri, sought
protection under Chapter 11 of the Bankruptcy Code (Bankr. E. D.
Mo. Case No. 15-49439) on Dec. 22, 2015.


K&N PARENT: Moody's Assigns B3 CFR, Outlook Stable
--------------------------------------------------
Moody's Investors Service assigned a B3 Corporate Family Rating and
B3-PD Probability of Default Rating to K&N Parent, Inc.  In
addition, Moody's assigned a B2 rating to the company's proposed
$275 million first lien senior secured credit facility.  This
facility will include a $40 million 5-year revolver and a
$235 million 7-year first lien term loan.  Moody's also assigned a
Caa2 rating to the anticipated $110 million second lien senior
secured term loan.  The proceeds from the credit facility and term
loans along with new equity will be used to complete the
approximate $610 million acquisition of K&N by Goldman Sachs
Merchant Banking Division and the management team and to refinance
existing debt.  A stable rating outlook was assigned.

Issuer: K&N Parent, Inc.

Assignments:
  Corporate Family Rating, Assigned B3
  Probability of Default Rating, Assigned B3-PD
  $40 million Senior Secured First Lien Revolving Credit Facility
   due 2021, Assigned B2 (LGD3)
  $235 million Senior Secured First Lien Term Loan due 2023,
   Assigned B2 (LGD3)
  $110 million Senior Secured Second Lien Term Loan due 2024,
   Assigned Caa2 (LGD5)

Outlook Action:
  Outlook, Assigned Stable

This is a newly initiated rating and this is Moody's first press
release on this issuer.

                         RATINGS RATIONALE

The B3 CFR reflects K&N's small size, lack of geographic
diversification outside the US, narrow product focus, high customer
concentration, challenging end markets and high leverage. K&N's
ratings are supported by the company's good market position in its
key products and positive free cash flow generation.  The company
derives a majority of revenue (over 90%) in the aftermarket where
revenue generation is more stable than in the new vehicle market as
it is associated with replacement parts of already existing
vehicles.  Most recently, the company has been able to leverage its
brand through more focused marketing efforts and is benefiting from
good distribution gains.  Moody's nevertheless believes that
revenue growth will slow to the company's historical mid-single
digit range and that earnings are vulnerable to changing marketing
needs and customer and competitor actions.  Moody's projects that
K&N's high debt-to-EBITDA leverage (6.6x pro forma for the
transaction LTM 6/30/16 incorporating Moody's standard adjustments)
will decline over the next 12 months as the company continues to
grow, but that leverage is vulnerable to swings based on
anticipated EBITDA volatility and event risk under partial private
equity ownership.

The stable rating outlook reflects Moody's expectation that the
company's operating results will improve modestly over the next 12
to 18 months and result in gradually improved credit metrics.
Moody's also assumes the company will carefully balance its
leverage with its growth strategy.

The ratings could experience upward pressure if the company
significantly increases its scale and improves its free cash flow,
while maintaining strong margins and a debt-to-EBITDA leverage
ratio below 5.0x.

A downgrade could occur if deteriorating operating results, debt
financed acquisitions or shareholder dividends result in the
debt-to-EBITDA leverage ratio remaining above 6.0x or weaker free
cash flow.  A significant reduction in borrowing availability or
liquidity could also result in a downgrade.

The principal methodology used in these ratings was Global
Automotive Supplier Industry published in June 2016.

Headquartered in Riverside, California, K&N is a domestically
focused designer and manufacturer of performance automotive
aftermarket products.  The company's products include air filters,
air intakes, oil filters, cabin air filters, exhausts and
accessories.  Revenue for the 12 months ended June 2016 was
approximately $194 million.  Goldman Sachs MBD will be the majority
owner of K&N when the debt financing and acquisition are completed.


KAMA MANAGEMENT: Case Summary & 4 Unsecured Creditors
-----------------------------------------------------
Debtor: Kama Management Inc.
        Urbanizacion Biscochea
        Calle Amapola #6
        Carolina, PR 00979

Case No.: 16-08008

Chapter 11 Petition Date: October 5, 2016

Court: United States Bankruptcy Court
       District of Puerto Rico (Old San Juan)

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

Total Assets: $0

Total Debts: $1.45 million

The petition was signed by Alberto Perez Pujals, president.

A copy of the Debtor's list of four unsecured creditors is
available for free at http://bankrupt.com/misc/prb16-08008.pdf


KLAMON LLC: Has Until Nov. 18 to File Plan of Reorganization
------------------------------------------------------------
Judge Jeff Bohm of the U.S. Bankruptcy Court for the Southern
District of Texas extended Klamon LLC dba Down South Offroad Park's
exclusive period to file a plan of reorganization and disclosure
statement to November 18, 2016.

Judge Bohm held that absent extraordinary circumstances, the
exclusivity period will not be extended beyond November 18, 2016.

            About Klamon LLC dba Down South Offroad Park

Klamon LLC sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. S.D. Texas Case No. 16-32904) on June 6, 2016.  The
petition was signed by James Hunter Clamon, manager.  

The case is assigned to Judge Jeff Bohm.  The Debtor is represnted
by Ronald J. Sommers, Esq.

At the time of the filing, the Debtor disclosed $1.71 million in
assets and $3.35 million in debts.



KLEEN LAUNDRY: Unsecured Creditors to Get 21.615% Under Ch. 11 Plan
-------------------------------------------------------------------
Kleen Laundry and Drycleaning Services, Inc., filed with the U.S.
Bankruptcy Court for the District of New Hampshire a first amended
disclosure statement dated Sept. 28, 2016, to accompany the
Debtor's first amended plan of reorganization dated Sept. 28,
2016.

Under the First Amended Plan, Class 8 Unsecured Claims is impaired.
The First Amended Plan basically creates a pot of money from the
sale of the business.  At the closing, the Debtor expects that
there will be $1,545,000 in cash available to be paid to creditors
of the estate.  Creditors (except the IRS) will be paid in order of
priority.  The Debtor expects that there will be $94,233 available
to unsecured creditors at or shortly after the Closing Date.  The
amount available may be more or less depending on the actual amount
of administrative expenses and the actual amount of 503(b)(9)
claims.

In addition, the Plan proposes a subordinated unsecured promissory
note due over the course of five years in the amount of $350,000
plus interest at the rate of 4% per annum. The payments under the
subordinated unsecured promissory note are quarterly with a balloon
payment of $100,000 due on the maturity date: December 31, 2021.

The subordinated unsecured promissory note is subject to a number
of provisions. First, if it is prepaid within three years, then
there is a discount in the amount of $50,000. Second, if it is
prepaid within four years, then there is a discount in the amount
of $25,000. Third it is subordinate to the senior lenders and their
replacements. That means that the Senior Lenders will be entitled
to dictate (through Subordination Agreements) the circumstances
under which any payments on the Plan Note may be made.

The Debtor expects that if the Plan Note is paid as scheduled, the
total payment to unsecured creditors will be $510,483will be
divided among approximately $2,269,000 in claims, which will result
to a dividend of 21.615%.

The First Amended Plan provides for the auction sale of the
business while it is a going concern.  The essence of the Plan is
that the business is sold.  The proceeds from the sale of the
business are then distributed to creditors with the first
$850,000.00 being paid to the first lien holder, then to creditors
in order of priority.

As reported by the Troubled Company Reporter on Sept. 21, 2016, the
Debtor filed with the Court a disclosure statement dated Sept. 1,
2016, to accompany the Debtor's plan of reorganization dated Aug.
24, 2016, which states that at the closing, the Debtor expects that
there will be $1,545,000 in cash available to be paid to creditors
of the estate.  The Debtor thus expects that there will be $100,000
available to unsecured creditors.

The First Amended Disclosure Statement is available at:

           http://bankrupt.com/misc/nhb16-11079-181.pdf

                       About Kleen Laundry

Kleen Laundry and Drycleaning Services, Inc., is a New Hampshire
corporation formed in the State of New Hampshire on June 20, 1950,
as Lebanon Laundry and Dry Cleaners, Inc.  The corporate name was
changed to Kleen Laundry and Drycleaning Services, Inc. on May 16,
1967.  Kleen Laundry and Drycleaning Services merged with Kleen
Linen Service, Inc., on Dec. 29, 1972, and was the surviving
entity.  At the time the Chapter 11 petition was filed, the sole
shareholder of Kleen Laundry and Drycleaning Services was Kleen LD,
LLC (formerly Kleen LLC) which in turn is solely owned by
Kleen/Envoy Services, LLC, a Delaware limited liability company.

The Debtor filed a Chapter 11 petition (Bankr. D.N.H. Case No.
16-11079) on July 25, 2016.  The Debtor is represented by Richard
J. McPartlin, Esq. and Edmond J. Ford, Esq., at Ford & McPartlin,
P.A.


KRONOS INC: S&P Affirms 'B-' CCR on Refinancing
-----------------------------------------------
S&P Global Ratings said it affirmed its 'B-' corporate credit
rating on Chelmsford, Mass.-based Kronos Inc.  The outlook is
stable.

At the same time, S&P assigned its 'B-' issue-level rating and '3'
recovery rating to Kronos's $2.4 billion first-lien credit
facilities, which consist of a $100 million five-year revolving
credit facility and a $2.3 billion seven-year term loan B.  The '3'
recovery rating indicates S&P's expectations for meaningful
recovery (50%-70%; upper half of the range) of principal in the
event of a payment default.

S&P also assigned its 'CCC' issue-level rating and '6' recovery
rating to the company's $1 billion second-lien term loan.  The '6'
recovery rating indicates S&P's expectations for negligible
recovery (0%-10%) of principal in the event of a payment default.

"Despite higher leverage resulting from the recapitalization
transaction, our rating affirmation is based on the firm's
improving business prospects which we expect will enable it to meet
considerably higher interest expense and maintain adequate
liquidity," said S&P Global Ratings credit analyst James Thomas.

S&P views Kronos's record of consistently growing revenues faster
than the broader human capital management (HCM) software industry,
market leadership in workforce management, and ongoing transition
to a more predictable subscription-based revenue model as factors
that will enable the firm to endure very high S&P Global-adjusted
leverage of over 10x.

The outlook on Kronos is stable, based on S&P's expectation that a
strong market position in WFM software and increasing share of
recurring subscription revenues will enable the firm to generate
positive free cash flow, maintain adequate liquidity, and reduce
leverage modestly, in spite of a higher interest burden and
investment initiatives.


LA4EVER LLC: Seeks Continued Use of Southport Cash Collateral
-------------------------------------------------------------
LA4Ever, LLC and LLCD, LLC ask the U.S. Bankruptcy Court for the
District of Connecticut for authorization to continue using cash
collateral.

Debtor LA4Ever, LLC is a Single Asset Real Estate Debtor owning
real estate at 325-327 Saint John Street, in the Wooster Square
neighborhood of New Haven, Connecticut.  The Saint John Street
Property is a residential real estate apartment building with six
units.  The Debtor relates that at present all six units are
occupied for a monthly rent roll of $9,750.

Debtor LLCD, LLC, is also a Single Asset Real Estate Debtor owning
real estate at 23 Brown Street, also in the Wooster Square
neighborhood in New Haven, Connecticut.  The Brown Street Property
consists of five residential units and at present three of the five
units are occupied for a monthly rent roll of $3,500.  The Debtor
expects to have the unoccupied units rented by about November 2016.
The monthly rent roll for all five units is $6,150.  

Southport Secured Lending Fund, LLC asserts a single claim, in the
estimated amount of $920,000 and bearing non-default interest at
13%, evidenced my note secured mortgages recorded against each one
of the Debtors' Properties.  Southport Secured Lending Fund
includes conditional assignments of leases and rentals on each of
the Properties.

The Debtors' authorization to use cash collateral currently expires
on Oct. 31, 2016.  

They tell the Court that they need the use of cash for essential
expenses of their business in the total amount of $6,831, for the
period Nov. 1, 2016 through Nov. 30, 2016.  The Debtors' proposed
Budgets for the month of November 2016, provides for total expenses
in the amount of $3,660 for Debtor LA4Ever and $2,240 for Debtor
LLCD.

The Debtors propose to provide Southport Secured Lending Fund with
its respective lien rights on any post-petition rentals and leases
to the same extent and in the same priority as existed as of the
Petition Date.  The Debtors further propose to continue paying
Southport Secured Lending Fund monthly adequate protection payments
in the amount of $9,967.

A full-text copy of the Debtors' Motion, dated Oct. 3, 2016, is
available at
http://bankrupt.com/misc/LA4EverLLC2015_1530546_211.pdf

                     About LA4Ever

LA4Ever, LLC, and LLCD, LLC, sought protection under Chapter 11 of
the Bankruptcy Code (Bankr. D. Conn. Lead Case No. 15-30546) on
April 8, 2015.  The petition was signed by Daphne Benas, member.
The Debtors are represented by Carl T. Gulliver, Esq., at Coan
Lewendon Gulliver & Miltenberger, LLC. The case is assigned to
Judge Julie A. Manning.

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

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


LEWIS WEBBER TIRE: Taps Jason A. Burgess as Legal Counsel
---------------------------------------------------------
Lewis Webber Tire, Inc. seeks approval from the U.S. Bankruptcy
Court for the Middle District of Florida to hire The Law Offices of
Jason A. Burgess.

Burgess will serve as the Debtor's legal counsel in connection with
its Chapter 11 case.  The services to be provided by the firm
include advising the Debtor regarding its duties and the continued
management of its business, and assisting the Debtor in preparing a
plan of reorganization.

The firm's hourly rate for attorney services is $295.  Meanwhile,
its paralegal time will be billed at $75 per hour.

In a court filing, Jason Burgess, Esq., disclosed that he does not
represent any interests adverse to the Debtor or its bankruptcy
estate.

The firm can be reached through:

     Jason A. Burgess, Esq.
     1855 Mayport Road
     Atlantic Beach, FL 32233
     Phone: (904) 372-4791
     Fax: (904) 853-6932

                    About Lewis Webber Tire

Lewis Webber Tire, Inc. sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. M.D. Fla. Case No. 16-03574) on September
22, 2016.


LIFE CHANGE: U.S. Trustee Unable to Appoint Committee
-----------------------------------------------------
The Office of the U.S. Trustee on Oct. 5 disclosed in a court
filing that no official committee of unsecured creditors has been
appointed in the Chapter 11 case of Life Change "N" Ministries.

Life Change "N" Ministries sought protection under Chapter 11 of
the Bankruptcy Code (Bankr. W. D. Tenn. Case No. 16-28056) on
September 2, 2016.  

At the time of the filing, the Debtor estimated assets and
liabilities of less than $100,000.


LUMIRAM DEVELOPMENT: Sale of Larchmont Property for $2.5M Approved
------------------------------------------------------------------
Judge Robert D. Drain of the U.S. Bankruptcy Court for the Southern
District of New York authorized Lumiram Development Corp. and its
sole equity holder Corinne Ham to sell the real property located
and known as 615 Fifth Ave. Larchmont, New York, to Safeguard
Properties II, LLC for $2,500,000, free and clear of all liens,
claims and encumbrances.

The sale, transfer and conveyance of the property pursuant to the
Sale Agreement need not be subject to any auction.

The Debtor is authorized to satisfy, at the closing of the Sale
Agreement, from the proceeds of the sale, (i) the outstanding first
mortgage on the property held by J.P. Morgan Chase Bank, (ii) any
outstanding real estate taxes in respect of the property and (iii)
all title and title related charges at the closing, as provided for
in more detail in the Motion; provided, that any amount of the
foregoing that is the subject of a good faith dispute will be held
in an attorney's escrow (including an escrow with the Debtor's
attorney, Michael D. Koplan, Esq.) subject to the parties'
agreement or further order of the Court, without any limitation on
the parties' ability to close the proposed sale and the Debtor's
ability to deliver good title to the property to the Purchaser or
its designee under the Sale Agreement.

No real estate broker fees or commissions are to be paid by Debtor
in connection with the sale of the property under the Sale
Agreement, because a real estate broker has not been retained by
the Debtor in the Chapter 11 case or by the Purchaser with respect
to the property.

Notwithstanding approval of the Sale Agreement, the Debtor has the
contractual right to continue to market the property, and, in the
event the Debtor obtains a higher and better offer as determined by
the Court prior to the closing under the Sale Agreement, the
Purchaser's sole claim in the case will be for the breakup fee set
forth in the Sale Agreement.

The Debtor will make adequate protection payments to J.P. Morgan
Chase Bank in the sum of $12,000 for a 60-day period following the
date of the Order, with the initial payment due Oct. 15, 2016, and
the second and final payment due on Nov. 15, 2016, which payments
shall be applied by J.P. Morgan Chase Bank to reduce its allowed
secured claim in the case.

The motion filed by J.P. Morgan Chase Bank seeking relief from the
automatic stay under Section 362 of the Bankruptcy Code with
respect to its interests in the property,  currently scheduled to
be heard on Dec. 20, 2016, will be withdrawn only upon completion
of Safeguard's 60-day due diligence period under the Sale
Agreement.

The 14-day stay of the Order under Bankruptcy Rule 6004(h) is
waived for cause, and the Order is effective immediately upon its
entry.

                    About Lumiram Development

Lumiram Development Corp, a single asset real estate entity with a
residential building located at 615 Fifth Ave, Larchmont, New
York,
sought Chapter 11 protection (Bankr. S.D.N.Y. Case No. 15-22062)
on
Jan. 13, 2015.  Judge Robert D. Drain is assigned to the case.
The
petition was signed by Corinne A. Ram, president.

The Debtor estimated assets of $1.6 million and $1.64 million in
debt.

No Official Committee of Unsecured Creditors has been appointed.
No trustee or examiner has been appointed.

Michael A. Koplen, Esq., at Law Offices of Michael A. Koplen,
serves
as the Debtor's counsel.


MALIBU LIGHTING: Court Extends Plan Filing Period to Jan. 4
-----------------------------------------------------------
Judge Kevin Gross of the U.S. Bankruptcy Court for the District of
Delaware extended Malibu Lighting Corporation, et. al.'s
exclusivity periods to file a chapter 11 plan and solicit
acceptances to the plan, through January 4, 2017 and March 5, 2017,
respectively.

The Debtors previously sought the extension of their exclusive
periods, contending that they are still in the process of preparing
a plan and related disclosure statement after having completed and
consummated the sales of their respective assets and  after having
made substantial progress in the objection to and reduction of
claims as they worked collaboratively with the Official Committee
of Unsecured Creditors to reconcile claims resulting in the
disallowance of approximately $15,000,000 in claims to date.
      
                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 in its bankruptcy petition.

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 these cases.


MANUS SUDDRETH: Unsecureds To Get $10K 12 Mos. After Effective Date
-------------------------------------------------------------------
Manus Edward Suddreth filed with the U.S. Bankruptcy Court for the
District of Maryland a third amended disclosure statement dated
Sept. 28, 2016, describing the Debtor's fourth amended plan of
reorganization.

In full and complete satisfaction, discharge and release of the
Allowed Class 11 Unsecured Claims, the Debtor will pay the holders
of Allowed Class 11 Claims the face amount of their allowed claims
by making pro rata cash distributions.  The holders of Allowed
Class 11 Claims will receive a payment of $10,000 twelve months
after the Effective Date and the net proceeds of the liquidation of
the Debtor's non-exempt personalty having a scheduled value of
approximately $111,000.  This payment will be shared pro rata among
the class.  The holders of Class 11 Claims will not receive
interest on account of their allowed unsecured claims.  Class 11 is
impaired by the Fourth Amended Plan; therefore, holders of Allowed
Class 11 Unsecured Claims are entitled to vote to accept or reject
the Plan.

The Debtor generates income from employment with W.P.I.P., Inc.,
his social security and his rental properties.  In addition,
funding for the Plan payments required to Deutsche Bank National
Trust Company, David W. Heckendorf, unsecured creditors, and the
Internal Revenue Service is being provided by EMG Properties, LLC,
with whom the Debtor has a business association.

In order to fund the Plan, the Debtor has agreed to sell or
refinance certain real property, free and clear of all liens,
claims and encumbrances, with any such liens, claims and
encumbrances to attach to the proceeds of the sale pursuant to
contracts of sale, after allowing for costs, including U.S. Trustee
fees.  The Debtor seek to close the proposed sales and refinance of
the parcels as soon as possible, but in any event no later than
Nov. 1, 2016.  The Debtor will also surrender the collateral
securing the debts of First National, BPI Patapsco, LLC, The Bank
of New York Mellon c/o Ocwen Loan Servicing, LLC, and Rosalie Mary
Burdyck.  In addition, the Debtor has agreed to make monthly
payments to Deutsche Bank National Trust Company and David W.
Heckendorf.  Funding for these payments will come from the Debtor's
income and if necessary from EMG Properties, LLC, a business
associate of the Debtor.

The Third Amended Plan is available at:

           http://bankrupt.com/misc/mdb13-12978-259.pdf

The Fourth Amended Plan was filed by the Debtor's counsel:

     James A. Vidmar, Esq.
     Yumkas, Vidmar, Sweeney & Mulrenin, LLC
     10211 Wincopin Circle, Suite 500
     Columbia, Maryland 21044
     Tel: (443) 569-5977
     E-mail: jvidmar@yvslaw.com

Manus Edward Suddreth is the sole shareholder of W.P.I.P., Inc.
The Debtor filed for Chapter 11 bankruptcy protection (Bankr. D.
Md. Case No. 13-12978) on Feb. 21, 2013.


MARION AVENUE: Seeks to File Bankruptcy Plan by Oct. 31
-------------------------------------------------------
Marion Avenue Management LLC asks the U.S. Bankruptcy Court for the
Southern District of New York to further extend the exclusive
periods to file a plan of reorganization and solicit acceptances to
such plan for an additional month, from Sept. 26, 2016 to Oct. 31,
2016, and from Nov. 28, 2016 to Dec. 30, 2016, respectively.

The Debtor relates that the reason for Chapter 11 filing is the
personal injury action pending in the Bronx Supreme Court, as well
as a separate action for declaratory judgment against Public
Service Mutual Insurance Company to compel the insurance carrier to
defend and indemnify the Debtor against the tort claim based on
available insurance.

The Debtor further relates that after the removal of the
declaratory judgment action to the federal courts, the Bankruptcy
Court granted PSMIC's motion to remand, and vacated the stay to
permit that litigation to continue.  The personal injury action,
however, remains stayed, and the Debtor is returning to the State
Court to obtain a determination of the declaratory judgment action
before it again tackles the personal injury action. To date,
however, no new hearing has been scheduled in the State Court in
the declaratory judgment action.

In the meantime, the Debtor tells the Court that it is making
preparation to propose a plan even without final resolution of the
declaratory judgment action, so that the Debtor's Chapter 11 can
move forward under any circumstances. However, the plan is not
formulated and therefore, the Debtor needs another extension of the
exclusive periods.


               About Marion Avenue Management LLC

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

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

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


MARRONE BIO: Regains Compliance with NASDAQ Listing Rule
--------------------------------------------------------
Marrone Bio Innovations, Inc., was notified by The NASDAQ Stock
Market LLC that the Company has regained compliance with the
applicable requirements for continued listing on The Nasdaq Capital
Market and that the Hearings Panel has accordingly determined to
continue listing the Company's common stock on The Nasdaq Capital
Market, as disclosed in a regulatory filing with the Securities and
Exchange Commission.

                     About Marrone Bio

Marrone Bio makes bio-based pest management and plant health
products.  Bio-based products are comprised of naturally occurring
microorganisms, such as bacteria and fungi, and plant extracts. The
Company's current products target the major markets that use
conventional chemical pesticides, including certain agricultural
and water markets, where the Company's bio-based products are used
as alternatives for, or mixed with, conventional chemical products.
The Company also targets new markets for which (i) there are no
available conventional chemical pesticides or (ii) the use of
conventional chemical pesticides may not be desirable or
permissible either because of health and environmental concerns
(including for organically certified crops) or because the
development of pest resistance has reduced the efficacy of
conventional chemical pesticides.  All of the Company's current
products are approved by the United States Environmental Protection
Agency and registered as "biopesticides."

As of June 30, 2016, Marone Bio had $58.2 million in total assets,
$74.9 million in total liabilities and a total stockholders'
deficit of $16.7 million.

The Company reported a net loss of $43.7 million in 2015, a net
loss of $51.7 million in 2014 and a net loss of $31.2 million in
2013.

Ernst & Young LLP, in Sacramento, California, issued a "going
concern" qualification on the consolidated financial statements for
the year ended Dec. 31, 2015, citing that the Company has incurred
losses since inception, has a net capital deficiency, and has
restrictive debt covenants that raise substantial doubt about its
ability to continue as a going concern.


MASTROIANNI BROS: Retains CRG, Auction on Dec. 1
------------------------------------------------
Mastroianni Bros., Inc., asks the U.S. Bankruptcy Court for the
Northern District of New York to authorize the employment of
Capital Recovery Group, LLC, to conduct the auction of
substantially all of its assets on Dec. 1, 2016.

The Debtor's lease for its premises, 51 Opus Boulevard,
Schenectady, New York, has expired and it is continuing use and
occupancy pursuant to the Court Order which terminates on Dec. 31,
2016.  The Debtor owns a substantial amount of equipment on its
premises which it desires to sell free and clear of all liens,
claims and encumbrances.

Upon information and belief, the prepetition lien claim of
Berkshire Bank and New York Business Development Corp. have been
paid in full prior to the bankruptcy filing.  These entities are
being given notice of the sale of all equipment which is free and
clear of any lien claims they may have.

The Debtor's Landlord 51 Opus Realty, LLC, has liens filed against
it by TD Bank, N.A. a successor by merger to TD Banknorth, N.A.
The Debtor does not believe that those liens apply to any of the
equipment being sold and note that TD Bank's UCC notices filed
against the Debtor has been terminated.  Notice is being given to
TD Bank because the sale of the Debtor's equipment is free and
clear of all liens, claims and encumbrances.

The Debtor seeks approval of the application and to retain CRG to
conduct its Section 363 sale by the auction subject to the terms of
its proposal dated Sept. 27, 2016.

A copy of the list of equipment to be sold and the auction contract
attached to the Motion is available for free at:

            http://bankrupt.com/misc/Mastroianni_Bros_25_Sales.pdf

The CRG guarantees the Debtor $400,000, with the potential for
higher revenue based on actual collection values.  The proposal is
the highest received by the Debtor after contacting over a
half-dozen liquidators/auctioneers and also negotiating with a
potential purchaser of the entire operation.

The Debtor seeks approval of an auction to be conducted at the
Debtor's location of 51 Opus Boulevard, Schenectady, New York and
to commence no later than Dec. 1, 2016 which all equipment be
removed by Dec. 31, 2016.  The Debtor will be responsible for
payments due to 51 Opus under the existing Order for use and
occupancy.  The auctioneers will be responsible for the items
identified in the CRG proposal.  The Debtor has received a $40,000
bid deposit check from CRG being held by Debtor's attorneys in
escrow, to be returned back to CRG only if it is not the authorized
auctioneer.  CRG will also post a bond for $400,000 in a form
acceptable to the Office of the United States Trustee before it
commences the auction.

Any other auctioneer who seeks to make a higher bid proposal at the
hearing to be held on Oct. 17, 2016, will be required to present a
bank check of at least 10% of the minimum guaranteed yield to the
Debtor to the Debtor's attorney to be allowed to bid at the
hearing.

Because the Debtor use and occupying rights expire at Dec. 31,
2016, the Debtor believes that a sale pursuant to 11 U.S.C. Section
363 is needed because it will take substantially longer than Dec.
31, 2016 to confirm a liquidable plan.  The Debtor submits that its
decision to sell its assets free and clear by an auction with a
guaranteed minimum, subject to higher and better offers is well
within its exercise of business judgment, particularly because the
Debtor is not operating and has lost its lien.

Similarly, the Debtor submits its proposed the "Breakup Fee" of
$15,000 -- which CRG will receive if it is not ultimately the
Successful Bidder at the Sale Hearing -- is both fair and
reasonable.  The proposed Breakup Fee is less than 4% of the
guaranteed auction proposal fee of the Debtor.  Given the
likelihood that the bid of CRG will encourage, rather than hinder,
other prospective bidders to come forward and submit bids in excess
of its bid, there should be no question that the Breakup Fee is
appropriate in these circumstances.

                       About Mastroianni Bros.

Mastroianni Bros., Inc., doing business as Mastroianni Bakery,
sought Chapter 11 protection (Bankr. N.D.N.Y. Case No. 16-11536) on
Aug. 25, 2016.  The Debtor estimated assets and liabilities in the
range of $500,001 to $1,000,000.  The Debtor tapped Richard L.
Weisz, Esq. at Hodgson Russ LLP as counsel.  The petition was
signed by Nathaniel Daffner, director.


METROPOLITAN BAPTIST: Plan Outline to be Heard on Nov. 11
---------------------------------------------------------
A hearing will be convened on Nov. 11, 2016, at 10:30 a.m., in
Washington, DC, to consider approval of the Disclosure Statement
filed by Metropolitan Baptist Church.

As previously reported by The Troubled Company Reporter,
Metropolitan Baptist Church filed a Chapter 11 Plan and
accompanying Disclosure Statement on September 28, 2016, which
provides for a pro rata recovery for general unsecured claims.  The
Plan is premised on a prepetition settlement between the Debtor and
its principal creditor for the payment of a $29 million deficiency.
A copy of the Disclosure Statement dated Sept. 28 is available at
http://bankrupt.com/misc/dcb16-00040-85.pdf

              About Metropolitan Baptist Church

Headquartered in Largo, Maryland, Metropolitan Baptist Church is a
not-for-profit religious corporation, originally incorporated in
the District of Columbia in 1892.

Metropolitan Baptist Church sought the Chapter 11 protection
(Bankr. D. D.C. Case No. 16-00040) on Feb. 5, 2016.  The petition
was signed by Harry T. Jones, Jr., Chair, Board of Trustees.  The
Debtor estimated assets in the range of $1 million to $10 million
and $10 million to $50 million.

Judge Martin S. Teel, Jr., presides over the case.

Wendell W. Webster, Esq., at Webster & Fredrickson, PLLC, serves as
the Debtor's counsel.


MORSCO INC: Moody's Assigns B2 Corporate Family Rating
------------------------------------------------------
Moody's Investors Service assigned a B2 Corporate Family Rating to
MORSCO, Inc. ("MORSCO"), a B2-PD Probability of Default Rating, and
a B3 rating to the company's proposed $300 million first lien term
loan. The rating outlook is stable.

The proceeds from the $300 million term loan along with a $125
million equity contribution from Advent International Corporation
(MORSCO's private equity owner) will be used to fund the purchase
of Fortiline Holdings, LLC ("Fortiline"). Fortiline is a
distributor of infrastructure products used in underground water
transmission. MORSCO will also be upsizing its asset based
revolving credit facility to $350 million. The company's first lien
term loan is rated a notch below its Corporate Family Rating due to
the size of the revolving credit facility and its priority lien on
Morsco's most liquid assets ahead of the term loan.

Moody's took the following rating actions on MORSCO, Inc.:

   -- Corporate Family Rating, assigned B2;

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

   -- $300 million first lien term loan, assigned B3 (LGD5);

   -- Outlook is stable.

RATINGS RATIONALE

MORSCO's B2 Corporate Family Rating considers its high debt
leverage relative to its peers that will stand at 5.5x debt to
EBITDA pro forma for this transaction (all ratios include Moody's
standard adjustments). Moody's expects this metrics to decline just
below 5.0x by the end of 2017 through a combination of EBITDA
growth and debt reduction. The rating also considers the highly
cyclical nature of the end markets that will drive demand for
MORSCO's products; particularly new construction, both residential
and commercial, as well as repair and remodeling in the public and
private sectors. While some products necessitate quick replacement,
indicating resilient demand, many of MORSCO and Fortiline's
products are dependent on municipal spending which can be delayed
by budget constraints, or new home construction which can be highly
cyclical. MORSCO's set of product categories is also somewhat
narrower than many of its competitors, although the addition of
Fortiline to the company expands product breadth. The rating is
also predicated on the company's margins that are weaker than many
other building products distributors. Moody's expects MORSCO's
projected pro forma gross and EBITA margins for full year 2016 to
be lower than the averages of 26.9% and 6.8%, respectively, for
rated building products distributors in 2015.

At the same time, MORSCO's rating benefits from several factors
that lower the risk of its revenue stream, such as a lack of
concentration among customers and a diversified geographic
footprint. The top ten customers for MORSCO and Fortiline accounted
for 9% and 11% of revenue in 2015, respectively. While in 2015 over
half of MORSCO's revenue was derived from Texas, the Fortiline
acquisition significantly broadens its footprint and expands the
combined entity's presence in the Southeast. Also, Moody's expects
MORSCO to be free cash flow positive in the projected time period
and to generate over $40 million in 2017. The benefit of this cash
generation is somewhat muted by MORSCO's acquisitive business
strategy, which will prioritize acquisitions over debt reduction.

The stable rating outlook is based on Moody's expectation of credit
metric improvement amidst a favorable environment for MORSCO's end
markets.

The ratings could be downgraded if debt to EBITDA rises above 6.0x,
operating margins are sustained below 2%, and/or if the company's
liquidity profile weakens significantly.

The ratings could be upgraded if debt to EBITDA is sustained below
4.0x, operating margins are sustained above 5.25%, or if the
company is able to increase in size and scale.

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

MORSCO, Inc., headquartered in Fort Worth, TX, is a distributor of
plumbing and HVAC products to professional contractors in
residential construction, non-residential construction, and
municipal end markets. The acquisition of Fortiline in 2016 will
expand its product offering into underground water transmission
products. The company was acquired by funds affiliated with Advent
International Corporation in November 2011. Pro forma revenues for
the trailing twelve months ended June 30, 2016 were $1.6 billion.


MULTIMEDIA PLATFORMS: Files for Ch. 11, To Pursue Avoidance Suits
-----------------------------------------------------------------
Multimedia Platforms Worldwide, which provides multimedia,
technology and publishing services targeted at the LGBTQ
demographic, has sought bankruptcy protection.

BankruptcyData.com reported that Multimedia explained in court
filings, "The actions of White Winston [Select Asset Funds, LLC]
have caused substantial harm to the Debtor. In an effort to
ameliorate the situation, the Debtor, MPW and New Frontiers
resolved to seek Chapter 11 relief for the benefit of all creditors
and parties in interest.  The Debtor has devoted substantial time,
effort and capital towards building its brand and creating a
cutting edge media platform.  The actions of White Winston will not
stop the Debtor's efforts to continue providing the best in media
and technology for the benefit of its shareholders, creditors and
the LGBT community.  The Debtor intends to seek affirmative relief,
including, without limitation, filing an immediate action to avoid
and recover certain preferential transfers made within ninety (90)
days of the petition date."

Multimedia Platforms Worldwide and two affiliated debtors filed for
Chapter 11 protection (Bankr. S.D. Fla. Case No. 16-23603) on Oct.
4, 2016.  The Debtors are represented by Michael D. Seese of Seese,
P.A.


MURPHY ENERGY: Seeks Bankruptcy Protection
------------------------------------------
BankruptcyData.com reported that Murphy Energy and eight affiliated
Debtors filed for Chapter 11 protection (Bankr. N.D. Tex. Case No.
16-33974).  The Company, which purchases, transports, stores,
blends and markets crude oil, condensate, and natural gas liquids,
is represented by Mark E. Andrews of Dykema Gossett.  The U.S.
Trustee assigned to the case scheduled a November 9, 2016
341-Meeting of Creditors.  Murphy Energy's Chapter 11 petition
lists assets greater than $100 million.

Connect Transport LLC, Murphy Energy Corporation and its affiliates
are privately-owned, integrated midstream providers of
transportation, storage, producer, and marketing services for crude
oil, natural gas liquids, and condensates.


MYPLAY DIRECT: U.S. Trustee Unable to Appoint Committee
-------------------------------------------------------
The Office of the U.S. Trustee on Oct. 3 disclosed in a court
filing that no official committee of unsecured creditors has been
appointed in the Chapter 11 case of MyPlay Direct, Inc.

MyPlay Direct, Inc. filed a chapter 11 petition (Bankr. S.D.N.Y.
Case No. 16-12457) on August 25, 2016.  The petition was signed by
Jeremy Bernstein, interim chief financial officer.  The Debtor is
represented by Alan D. Halperin, Esq., at Halperin Battaglia
Benzija, LLP.  The Debtor disclosed total assets at $1.3 million
and total liabilities at $4.13 million as of August 25, 2016.


NEXXLINX CORP: Creditors Committee Hires Bryan Cave as Counsel
--------------------------------------------------------------
The Official Committee of Unsecured Creditors of NexxLinx
Corporation, Inc. and its affiliated debtors seeks authorization
from the U.S. Bankruptcy Court for the Northern District of Georgia
to retain Bryan Cave LLP as its counsel nunc pro tunc to July 13,
2016.

The Committee anticipates that Bryan Cave will render general legal
services to the Committee as needed throughout these cases,
including:

   a) assisting, advising, and representing the Committee in
      consultations with the Debtors regarding the administration
      of these cases;

   b) assisting, advising, and representing the Committee in
      analyzing the Debtors' assets and liabilities,
      investigating the extent and validity of liens and claims,
      and participating in and reviewing any proposed asset
      sales, dispositions, financing arrangements, and cash
      collateral stipulations;

   c) assisting the Committee in analyzing the claims of the
      Debtors' creditors and the Debtors' capital structure and
      in negotiating with holders of claims and equity interests;

   d) assisting and advising the Committee as to its
      communications to the general creditor body regarding
      significant matters in these Chapter 11 cases;

   e) representing the Committee at all hearings and other
      proceedings before this Court or any other court;

   f) assisting the Committee in preparing pleadings,
      applications, objections, or other responses or court
      filings necessary to further the Committee's interests and
      objectives;

   g) assisting, advising, and representing the Committee in any
      matter relevant to determining the Debtors' rights and
      obligations under any leases or other executory contracts;

   h) assisting, advising, and representing the Committee in
      investigating the acts, conduct, assets, liabilities, and
      financial condition of the Debtors, the Debtors'
      operations, and any other matters relevant to these cases
      or to the formation of a plan or other exit strategy;

   i) assisting, advising, and representing the Committee in its
      participation in the negotiation, formulation, and drafting
      of a plan of liquidation or reorganization, or other exit
      strategy;

   j) assisting, advising, and representing the Committee in
      understanding its powers and its duties under the
      Bankruptcy Code and the Bankruptcy Rules and in performing
      other services as are in the interests of those creditors
      represented by the Committee;

   k) assisting, advising, and representing the Committee in the
      evaluation of claims and on any litigation matters,
      including avoidance actions or claims against current or
      prior insiders of the Debtors; and

   l) providing such other services to the Committee as may be
      necessary or appropriate in these cases.

Bryan Cave has agreed to discount its attorney hourly rates by
approximately 20% in these cases. The discounted hourly rates are
set forth in the Declaration by Mark I. Duedall, Esq.

Bryan Cave will maintain detailed, contemporaneous records of time
spent in connection with this matter, in increments of 1/10 of an
hour. These time entries shall be organized by category according
to the nature of the services rendered. The Committee has agreed
that Bryan Cave shall be reimbursed, subject to this Court's
approval, for all actual, out-of-pocket expenses incurred on the
Committee's behalf, such as filing fees, document reproduction,
telecopier charges, mail and express mail charges, travel expenses,
overnight courier expenses, computer research, expenses for
after-hours "working meals", transcription costs, and other
necessary disbursements.

No partner or employee of Bryan Cave has been, within two years
from the date of the filing of the Debtors' petitions, a director,
officer, or employee of the Debtors, as specified in Section
101(14)(B) of the Bankruptcy Code. Bryan Cave does not have an
interest materially adverse to the interests of the Debtors'
estates or of any class of creditors or equity security holders of
the Debtors, by reason of any direct relationship to, connection
with, or interest in, the Debtors, as specified in Section
101(14)(C) of the Bankruptcy Code, or for any other reason.

Bryan Cave can be reached at:

     Mark I. Duedall, Esq.
     BRYAN CAVE LLP
     One Atlantic Center - Fourteenth Floor
     1201 W. Peachtree Street, NW
     Atlanta, GA 30309-3488
     Telephone: (404) 572 6600
     Facsimile: (404) 572 6999
     E-mail: Mark.Duedall@bryancave.com

              About NexxLinx Corporation

NexxLinx Corporation, Inc. provides cloud-based outsourced business
process and marketing services. The company designs custom
solutions for inbound and outbound customer care, telemarketing and
data collection, help desk, e-mail processing, live Web and voice
interaction, and back-end data processing. It also provides
multichannel communication, customer retention, inbound sales
conversion, government contact center, back office support,
technical support, and fulfillment solutions.

NexxLinx Corporation, Inc., sought protection under Chapter 11 of
the Bankruptcy Code (Bankr. N.D. Ga. Case No. 16-61225) on June 28,
2016.  The petition was signed by D. Alan Quarterman, CEO.  The
Company has estimated assets and liabilities of $10 million to $50
million.

These affiliates also sought Chapter 11 protection on June 28:
CustomerLinx of North Carolina, Inc., Microdyne Outsourcing, Inc.,
NexxLinx Global, Inc., NexxLinx of New York, Inc., and NexxLinx of
Texas, Inc.

The Court on June 30, 2016, entered an order jointly administering
the Chapter 11 cases.

NexxPhase, Inc., filed a Chapter 11 petition (Bankr. N.D. Ga. Case
No. 16-62269) on July 14, 2016.

The cases are assigned to Judge Paul Baisier. The Debtors are
represented by Ashley Reynolds Ray, Esq., and J. Robert
Williamson,
Esq., at Scroggins & Williamson, P.C. GGG Partners, LLC serves
as the Debtors' financial consultant.

Guy Gebhardt, acting U.S. trustee for Region 21, on July 11, 2016,
appointed five NexxLinx creditors to serve on the official
committee of unsecured creditors.


NISKA GAS: Moody's Assigns Caa1-PD CFR & Changes Outlook to Pos.
----------------------------------------------------------------
Moody's Investors Service assigned Niska Gas Storage Ltd. a Caa1
Corporate Family Rating and a Caa1-PD Probability of Default
Rating.  Niska's Caa2 senior unsecured notes was affirmed.  The
rating outlook was changed to positive from negative.

Brookfield Infrastructure Fund II L.P. (Brookfield unrated) closed
its acquisition of Niska Gas Storage Partners L.P. in July 2016,
the parent of Niska.  In September 2016, Brookfield deeply
subordinated the $356 million of senior unsecured notes owned by it
and its affiliates.  Brookfield also subordinated $49 million owing
to it and its affiliates under the terms of its short term credit
agreement with Niska.  Moody's views the new subordinated debt as
equity thereby reducing Niska's total debt by
$405 million.

All ratings for Niska Gas Storage Partners LLC are being withdrawn
because the entity no longer exists following the closing of the
acquisition.

"The change in outlook to positive reflects the significant
decrease in debt levels and resulting improvement in leverage
metrics", said Paresh Chari, Moody's AVP- Analyst.  "The
affirmation reflects the weak liquidity profile that exists until
the near term revolver maturity is extended."

Issuer: Niska Gas Storage Ltd.

Assignments:
  Probability of Default Rating, Assigned Caa1-PD
  Corporate Family Rating, Assigned Caa1

Affirmations:
  Backed Senior Unsecured Regular Bond/Debenture, Affirmed Caa2
   (LGD5)

Outlook Actions:
  Outlook, Changed To Positive From Negative

Issuer: Niska Gas Storage Partners LLC

Withdrawals:
  Probability of Default Rating, Withdrawn , previously rated
   Caa1-PD
  Speculative Grade Liquidity Rating, Withdrawn , previously rated

   SGL-4
  Corporate Family Rating, Withdrawn , previously rated Caa1

Outlook Actions:
  Outlook, Changed To Rating Withdrawn From Negative

                       RATINGS RATIONALE

Niska's Caa1 Corporate Family Rating (CFR) is driven by the near
term maturity of its revolving credit facility, which drives weak
liquidity.  The rating also factors in poor earnings visibility
beyond one year and high exposure to its volatile natural gas price
optimization business.  The rating favorably recognizes the
significantly improved leverage metrics and the strategic
importance of its natural gas storage assets.

Moody's expects Niska's liquidity to be weak over the next twelve
months.  At June 30, 2016, Niska had minimal cash and $121 million
available, after $18 million in letters of credit, under its
borrowing base revolvers, which mature on Dec. 31, 2016.  The
revolvers availability provides near term liquidity, however, the
facilities mature within the next 12 months.  The revolver is
available in equal amounts to AECO Gas Storage Partnership and
Niska Gas Storage US, LLC, subject to the periodic borrowing base
calculation.  Moody's expects positive free cash flow over the next
twelve months.  Niska's fixed charge coverage ratio covenant is
currently below 1.1x, which limits the ability to draw more than
85% of the revolver borrowing base.  However, Niska's fixed charge
coverage ratio will improve significantly on a pro-forma basis.
The company has no major debt maturities until 2019.  Niska has
little in the way of non-core assets that could be sold.

In accordance with Moody's Loss Given Default methodology, the
remaining $219 million senior unsecured notes are rated Caa2, one
notch below the Caa1 CFR, because of the existence of the priority
ranking senior secured revolving credit facilities.  The $405
million unsecured subordinated intercompany loans are treated as
equity due to their deeply subordinated nature.

The positive outlook reflects Moody's expectation that the
revolving credit facility will be extended to a term beyond 12
months and that leverage metrics will improve.

The rating could be upgraded if liquidity is adequate, debt to
EBITDA was likely to remain below 4x and EBITDA to interest was
likely to remain above 2.5x.

The rating could be downgraded if debt to EBITDA was likely to rise
above 5x, EBITDA to interest fell below 1.5x or liquidity
worsened.

Niska is a privately owned Calgary, Alberta based, natural gas
storage company that owns 242 billion cubic feet (Bcf) of storage
capacity in depleted natural gas reservoirs.

The principal methodology used in these ratings was Global
Midstream Energy published in December 2010.


NJOY INC: Hires Upshot Services as Claims & Noticing Agent
----------------------------------------------------------
NJoy Inc., seeks authorization from the U.S. Bankruptcy Court for
the District of Delaware to employ Upshot Services LLC as claims
and noticing agent effective as of September 16, 2016.

Upshot will perform the following tasks, as well as all quality
control relating to:

     (a) prepare and serve required notices and documents in the
case with the Bankruptcy Code and Bankruptcy Rules in the form and
manner directed by the Debtor and/or Court;

     (b) maintain an official copy of the Debtor's Schedules and
Statements, listing the Debtor's known creditors and the amounts
owed;

     (c) maintain (i) a list of all potential creditors, equity
holders and other parties-in-interest; and (ii) a "core" mailing
list consisting of all parties described in Bankruptcy Rule 2002
(i), (j), (k) and those parties that have filed a notice of
appearance pursuant to Bankruptcy Rule 9010 and update those lists
and make them available upon request by a party-in-interest or the
clerk;

     (d) furnace a notice to all potential creditors of the last
date for the filling of proofs of claim and a form for the tiling
of a proof of claim, after such notice and form are approved by
this Court and notify the potential creditors of the existence,
amount and classification of their respective claims as set forth
in the Schedules;

     (e) maintain a post office box or address for the purpose of
receiving claims and returned mail, and process all mail received;

     (f) for all notices, motions, orders or other pleadings or
documents served, prepare and file or caused to be filed with the
Clerk an affidavit or certificate of service within seven business
days  of service;

     (g) process all proofs of claim received, including those
received by the Clerk's Office, and check the processing for
accuracy, and maintain the original proofs of claim in a secure
area;

     (h) maintain the official claims register for the Debtor on
behalf of the Clerk; upon the Clerk's request, provide the Clerk
with certified duplicate unofficial Claims Register; and specify in
the Claims Register the following information for each claim
docketed;

     (i) implement necessary security measures to ensure the
completeness and integrity of the Claims Register and the
safekeeping of the original claims;

     (j) record all transfers of claims and provide any notices of
such transfers as required by the Bankruptcy Rule (3001)(e);

     (k) relocate, by messenger or overnight delivery, all of the
court filed proofs of claims to the offices of Upshot, not less
than weekly;

     (l) upon completion of the docketing process for all claims
received to date for each case, turn over to the Clerk copies of
the claims register for the Clerks review;

     (m) monitor the Court docket for all notices of appearance,
address changes, and claims-related pleadings and orders filed and
make necessary notations on and/or changes to the claims register;

     (n) assist in the dissemination of information to the public
and respond to request for administrative information regarding the
case as directed by the Debtor or the Court including through the
use of a case website and/or call center;

     (o) if the case is converted to chapter 7, contact the Clerk's
Office within 3 days of the notice of entry of the order converting
the case;

     (p) 30 days prior to the close of this case, to the extent
practicable, request that the Debtor submit to the Court a proposed
Order dismissing UpShot and terminating the services of such agent
upon completion of its duties and responsibilities and  upon the
closing of this case;

     (q) within seven days of notice of entry of an order closing
the Chapter 11 Case, provide to the Court the final version of the
claims register as of the date immediately before the close of the
case; and

     (r) at the close of this case, box and transport all original
documents, in proper format, as provided by the Clerks's Office, to
(i) the Federal Archives Record Administration, locate at Central
Plains Region, 200 Space Center, Lee's Summit, MO 64064 or (ii) any
other location requested by the Clerk's Office.

The Debtor asks the Court that the undisputed fees and expenses
incurred by UpShot in the performance of the services be treated as
administrative expenses of the Debtor's estate pursuant to
Bankruptcy code and be paid in the ordinary course of business
without further applications to or order of the Court.

The firm attests it 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.

Upshot Services LLC can be reached at:

     Upshot Services LLC
     8269 E. 23rd Avenue, Suite 275
     Denver, CO 80238
     Telephone: (855) 812 6112
     E-mail: info@upshotservices.com

                     About NJoy Inc.

Headquartered in Scottsdale, Arizona, NJOY sells e-cigarettes and
vaping products to wholesalers, distributors and retailers.  The
Company was the first major ENDS company to offer products across
all form factors: disposable and rechargeable cigalikes, open
system e-liquids and vaping devices, and advanced closed system
e-liquids.  The Debtor has no in-house manufacturing capabilities.
Its hardware is sourced from two major suppliers in China. The
Debtor sources e-liquids from facilities based in the United
States. As of Sept. 9, 2016, the Debtor had a total of 15
employees.

NJOY filed a voluntary petition under Chapter 11 of the Bankruptcy
Code (Bankr. D. Del. Case No. 16-12076) on Sept. 16, 2016.  The
case is assigned to the Hon. Christopher S. Sontchi.

NJOY has hired Gellert Scali Busenkell & Brown, LLC as counsel,
Sierraconstellation Partners, LLC as financial advisor, Cohnreznick
Capital Markets Securities Investment LLC as investment banker.


NOBLE ENVIRONMENTAL: Taps American Legal as Administrative Advisor
------------------------------------------------------------------
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 administrative advisor.

American Legal will provide these services in connection with the
Debtor's Chapter 11 case:

     (a) assist the Debtor in the preparation and filing of its
         schedule of assets and liabilities and statement of
         financial affairs;

     (b) assist in managing the claims reconciliation and
         objection process, flag for review by the Debtor those  
         proofs of claim that are subject to possible procedural
         objections and inconsistent with the schedules, input the

         Debtor's objection determination into the claims
         database, and prepare exhibits for the Debtor’s omnibus

         claims objections;

     (c) provide certain balloting, solicitation and tabulation
         services; and

     (d) comply with federal, state, municipal and local statutes,
         ordinances, rules, regulations, orders, and other
         requirements.

The firm's professionals and their hourly rates are:

     Clerical             $28 - $38
     Analyst             $55 - $100
     Consultant         $100 - $150
     Sr. Consultant     $155 - $185

Jeffrey Pirrung, managing director of American Legal, 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 Pirrung
     American Legal Claim Services, LLC
     5985 Richard Street, Suite 3
     Jacksonville, FL 32216
     Phone: (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.  

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: Taps Morgan Lewis as Legal Counsel
-------------------------------------------------------
Noble Environmental Power, LLC seeks approval from the U.S.
Bankruptcy Court for the District of Delaware to hire Morgan, Lewis
& Bockius LLP.

The Debtor tapped Morgan, Lewis & Bockius to be its primary
bankruptcy counsel.  The firm's professionals and their hourly
rates are:

     Partners          $660 - $1,100
     Counsel                    $700
     Associates          $450 - $675
     Legal Assistant     $195 - $335

Morgan, Lewis & Bockius is a "disinterested person" as defined in
section 101(14) of the Bankruptcy Code, and does not represent any
entity holding interests adverse to the Debtor, according to court
filings.

Neil Herman, Esq., at Morgan, Lewis & Bockius, disclosed that his
firm has not agreed to a variation of its standard or customary
billing arrangements.  He also disclosed that the Debtor will be
approving a prospective budget and staffing plan for the firm's
employment.  Mr. Herman made the disclosures in accordance with the
U.S. trustee's Appendix B-Guidelines for reviewing applications for
compensation and reimbursement of expenses filed under section 330
by attorneys in larger bankruptcy cases.

The firm can be reached through:

     Neil E. Herman, Esq.
     Morgan, Lewis & Bockius LLP
     101 Park Avenue
     New York, NY 10178
     Tel: (212) 309-6000
     Fax: (212) 309-6001

         -- and –-

     Rachel Jaffe Mauceri, Esq.
     Morgan, Lewis & Bockius LLP
     1701 Market Street
     Philadelphia, PA 19103
     Tel: (215) 963-5000
     Fax: (215) 963-5001

                    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.  

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: Taps Young Conaway as Co-Counsel
-----------------------------------------------------
Noble Environmental Power, LLC seeks approval from the U.S.
Bankruptcy Court for the District of Delaware to hire Young Conaway
Stargatt & Taylor, LLP.

Young Conaway will serve as co-counsel with Morgan, Lewis & Bockius
LLP, the firm proposed by Noble Environmental to be its primary
bankruptcy counsel.  

The firm's professionals and their hourly rates are:

     Robert S. Brady             $850
     Edmon L. Morton             $695
     Kenneth J. Enos             $540
     Justin P. Duda              $460
     Beth Olivere (Paralegal)    $210

Young Conaway is a "disinterested person" as defined in section
101(14) of the Bankruptcy Code, according to court filings.

Robert Brady, Esq., at Young Conaway, disclosed that his firm has
not agreed to a variation of its standard or customary billing
arrangements.  He also disclosed that the Debtor will be approving
a prospective budget and staffing plan for the firm's employment.
Mr. Brady made the disclosures in accordance with the U.S.
trustee's Appendix B-Guidelines for reviewing applications for
compensation and reimbursement of expenses filed under section 330
by attorneys in larger bankruptcy cases.

The firm can be reached through:

     Robert S. Brady, Esq.
     Young Conaway Stargatt & Taylor, LLP
     Rodney Square
     1000 North King Street
     Wilmington, DE 19801
     Phone: (302) 571-6600
     Fax: (302) 571-1253

                    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.  

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: U.S. Trustee Unable to Appoint Committee
-------------------------------------------------------------
The Office of the U.S. Trustee on Oct. 5 disclosed in a court
filing that no official committee of unsecured creditors has been
appointed in the Chapter 11 case of Noble Environmental Power,
LLC.

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.  

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.

The Debtor is represented by Neil E. Herman, Esq., at Morgan, Lewis
& Bockius LLP, in New York; Rachel Jaffe Mauceri, Esq., at Morgan,
Lewis & Bockius LLP, in Philadelphia, Pennsylvania; and Justin P.
Duda, Esq., Robert S. Brady, Esq., Edmon L. Morton, Esq., and
Kenneth J. Enos, Esq., at Young Conaway Stargatt & Taylor, LLP, in
Wilmington, Delaware.

                    *     *     *

Noble Environmental Power, LLC's proposed plan of reorganization
proposes that 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


NORMAN MCMAHON: Sale of Sewell Property for $175K Approved
----------------------------------------------------------
Judge Eric L. Frank of the U.S. Bankruptcy Court for the Eastern
District of Pennsylvania authorized Norman Edward McMahon to sell
his real property and improvements thereon located at 160 Essex
Avenue, Sewell, New Jersey to Eric Marchesano for $175,000.

The sale is free and clear of all liens.

As more fully set forth in the Agreement of Sale, the proceeds of
sale to be distributed at closing as follows:

   a. to all county and local taxing authorities for payment of
priority outstanding real estate taxes against the property and for
payment of realty transfer taxes, if any, due and owing in
connection with the sale;

    b. to Berkshire Hathaway Fox and Roach Realtors for payment of
its real estate commission of $10,500; and

    c. with the balance of the purchase price, net of any de
minimis transactional costs not to exceed $250, to be paid to NCM
in consideration of the release of its mortgage lien on the
property.

The Debtor will provide NCM's counsel and Debtor's counsel with a
preliminary HUD-1 statement for their review and approval prior to
closing.

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 a case under Chapter 11 of the U.S.
Bankruptcy Code.  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.


NORTH GATEWAY CORE: Nov. 9 Disclosure Statement Hearing
-------------------------------------------------------
The hearing to consider approval of the disclosure statement
explaining North Gateway Core Acreage Investors, LLC's plan will be
held at the United States Bankruptcy Court, 230 North First Ave.,
Phoenix, Arizona, Courtroom No. 701, at 11:00 a.m. on November 9,
2016.

The last day for filing with the Court and serving in accordance
with Rule 3017(a), written objections to the disclosure statement
is fixed at five business days prior to the Hearing Date.

North Gateway Core Acreage Investors, LLC sought protection under
Chapter 11 of the Bankruptcy Code (Bankr. D. Ariz. Case No.
16-07286) on June 27, 2016.  The petition was signed by Gary
White, co-manager of managing member.  

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

The Office of the U.S. Trustee disclosed in a court filing that no
official committee of unsecured creditors has been appointed in the
Chapter 11 case of North Gateway Core Acreage Investors, LLC.


NORTH GATEWAY CORE: Unsecureds to Be Paid in 1-Yr Plus Interest
---------------------------------------------------------------
North Gateway Core Acreage Investors, LLC, filed with the
Bankruptcy Court in Arizona its Plan of Reorganization and
Disclosure Statement dated Sept. 22, 2016.

The Plan provides for the payment in full of all Allowed Claims,
with interest, as follows:

     (A) The amounts owing to holders of priority claims, including
priority tax claims -- estimated amount $35.00 -- will be paid in
full on the Effective Date;

     (B) the amounts owing to secured creditor John E. Propst --
estimated amount $659,561.93 -- if not paid in full on the
Effective Date, will be paid over a period of not more than five
years, together with interest at 4.5% per annum, after an initial
payment of not less than $100,000 on the Effective Date, followed
by quarterly interest-only payments pending a sale or refinancing
of the Debtor's real property;

     (C) the amounts owing to general unsecured creditors --
estimated amount $80,812.00 -- will be paid in quarterly amortizing
installments of principal and interest, at the rate of 4.5% per
annum, over a period of one year, with the first payment to be made
on the first day of the first full calendar quarter after the
Effective Date;

     (D) the Debtor's members will retain their equity interests
and their rights will not otherwise be altered.

The funding sources for the Plan are one or more of the following:


     (1) capital contributions or loans from the Debtor's members;


     (2) refinancing the existing secured indebtedness; or

     (3) sale of the Debtor's real property.

All funds raised from any of these sources will be held by the
Debtor and used only for Plan payments, operating expenses, and
expenses associated with the Debtor's real property.

A copy of the Disclosure Statement is available at:

          http://bankrupt.com/misc/azb16-07286-0036.pdf

North Gateway Core Acreage Investors, LLC, was formed as a limited
liability company in Delaware in March 2006 for the sole purpose of
acquiring, holding for investment, and selling an undivided 85%
interest in a 20 acre parcel of raw land located at 32201 North
31st Avenue, Phoenix, Arizona.

North Gateway Core Acreage Investors, LLC sought protection under
Chapter 11 of the Bankruptcy Code (Bankr. D. Ariz. Case No.
16-07286) on June 27, 2016.  The petition was signed by Gary White,
co-manager of managing member.  At the time of the filing, the
Debtor estimated its assets at $1 million to $10 million and debts
at $500,000 to $1 million.

The Debtor hired Forrester & Worth, PLLC as its legal counsel, and
Nagy Property Consultants, Inc., as real estate appraiser.

The Office of the U.S. Trustee said no official committee of
unsecured creditors has been appointed in the case.


OAK HOLDINGS: S&P Assigns 'B+' CCR; Outlook Stable
--------------------------------------------------
S&P Global Ratings said that it assigned its 'B+' corporate credit
rating to Georgia-based Oak Holdings LLC.  The outlook is stable.

At the same time, S&P assigned its 'B+' issue-level rating and '3'
recovery ratings to the company's proposed $40 million revolving
credit facility due in 2021 and $395 million first-lien term loan
due in 2023.  The '3' recovery rating indicates S&P's expectation
for meaningful (higher end of the 50%-70% range) recovery in the
event of a payment default.

Oak Holdings expects to use proceeds from the debt offering to
repay approximately $60 million under its existing revolving credit
facility, $320 million of the first-lien term loan, and estimated
fees and expenses.

S&P views this transaction to be leverage neutral, and estimate the
company will have roughly $410 million in adjusted debt.  S&P
includes approximately $10 million-$15 million of lease obligations
to its adjusted debt balance.

All ratings are based on preliminary terms and subject to review of
final documentation.

S&P's ratings reflect ASG's significant debt burden, narrow
business focus in replenishing sportswear staples, exposure to
textile-related input cost volatility, and its participation in the
fragmented school and club sports team uniform industry.  The
ratings also reflect ASG's low customer and channel concentration
and its ability to service small customers.

"ASG's credit protection measures are weak, but we expect them to
slowly strengthen.  We estimate pro forma debt leverage for this
transaction to be in the mid-5x area and funds from operations to
total debt about 10%.  The high debt level is because of the
leveraged buyout of the company by Kelso & Co. in 2012.  We expect
ASG to focus on debt reduction and forecast debt to EBITDA will
fall below 5x by the end of 2017, predominately through voluntary
debt reduction from the company's free operating cash flow.  We
have also considered Kelso's  financial policy to be more
conservative than some other financial sponsor owners.  Kelso has
consistently reduced debt every year after the dance wear business
acquisition in 2013.  We believe the financial sponsor's policy
will remain consistent," S&P said.

ASG has a narrow business focus in a niche market.  Though ASG is
the largest wholesale supplier of team uniforms, spirit-wear, and
dance wear in the U.S., it only has single-digit market share of
the estimated $5.4 billion specialty sports market.  The company
competes against many small players.  As small competitors become
more proficient, erosion of ASG's profit is possible.  However,
given the fragmented industry, low customer concentration, and the
next largest player being three times smaller than ASG, erosion
would be slow and not significantly affect the company's
performance in the next 12 months.  Competition in the industry is
based on service and price.  ASG has deep and long-term
relationships with customers.  Its key expertise is in managing a
complex supply chain system that spans over 100,000 unique SKUs
such that orders are usually fulfilled the day they are placed. The
company has the capability through customer relationship management
and its recent investment in enterprise technology to manage its
large volume of small orders (average order size is $50-$100)
effectively such that on-time fulfillment with short lead time is
close to 100%.  The company makes inventory investments to sustain
high service levels, a key factor in enabling it to maintain and
grow share.  We believe larger-brand competitors such as Nike and
Hanesbrands will not enter this sector as their price point is
generally 15%-25% higher than ASG's.  Moreover, they would have to
invest in a supply chain and manufacturing system similar to ASG's
and be run separately from their current businesses to prevent
brand dilution and management distraction.  S&P believes it would
be difficult for the large branded players to generate economies of
scale consistent with their current operations.

ASG also has a direct-to-consumer digital business in niche dance
and ballet wear.  S&P views the direct-to-consumer business to be
more volatile with tougher competition from strong local dance
stores such that pricing concessions are more common and thus lower
margin than its traditional team uniform business.  S&P believes
the online business segment will benefit from the customer
purchasing trend moving away from brick and mortar stores,
especially in replenishment purchases, where size and fit are no
longer a key concern, complementing the more mature and stable
sportswear segment.

ASG generates consistently good operating results.  It has
demonstrated good growth and an ability to generate high EBITDA
margins.  The school team uniforms and sportswear industry is less
volatile as families continue to spend on children's sports and
team participation during economic downturns, only cutting back
during times of extreme distress.  ASG sustained its revenue with
minimal decline during the 2008 recession.  S&P also views growth
to be stable in this industry and generally tied to demographic
growth.  S&P believes ASG's performance will be in line with
historical results.  Moreover, the company's inventory has low risk
of obsolescence as it is mostly blank T-shirts or uniforms that are
not exposed to fashion risk or obsolescence.  S&P expects modest
EBITDA margin expansion as the company continues to work on supply
chain and selling, general, and administrative (SG&A) initiatives.
ASG's margins could come under pressure if oil prices rise, as
polyester is a major input cost.

S&P's base-case forecast for ASG is based on these assumptions:

   -- Revenue growth in line with S&P Global Ratings' forecast
      U.S. GDP growth rate of 2.4% and 2.3% for 2017 and 2018,
      respectively.
   -- S&P projects modest EBITDA expansion as supply chain and
      SG&A initiatives add 150bps-200bps in the next 12 months.
   -- Working capital investment of $7 million a year in line with

      sales growth in the form of inventory.
   -- Annual capital expenditure of $6 million.
   -- No acquisitions or dividend forecast.
   -- Required debt amortization of 1%.
   -- S&P expects the company's cash flow generation to improve by

      around $10 million in 2017.
   -- Given the company's history of debt repayment, S&P estimates

      that it will continue to reduce debt by around $25 million
      in 2017.

Based on S&P's assumptions, it forecasts these ratios:

   -- Debt to EBITDA of low 5x in 2016, and high 4x in 2017.
   -- Funds from operations (FFO) to debt of 10%-12% in 2016 and
      12%-14% in 2017.

Covenant

Under the proposed financing, the first-lien term loan is
covenant-lite.  The proposed revolving credit facility is expected
to be subject to a springing total leverage ratio that is still to
be determined.  The covenant is applicable when 35% ($14 million)
is drawn under the $40 million revolver.  S&P do not expect this
covenant to be tested over the next 12 months, as it do not
anticipate any revolver borrowings.

The stable outlook reflects S&P's view that ASG will voluntarily
reduce debt combined with modest EBITDA improvement as a result of
supply chain and SG&A initiatives such that debt to EBITDA will be
reduced below 5x, while maintaining adequate liquidity.
Furthermore, S&P expects private equity sponsor Kelso to continue
to be supportive of the company's deleveraging efforts and that
leverage will be sustained below 5x.

S&P could lower its ratings if ASG's debt to EBITDA remains above
5x.  This could occur at current EBITDA levels if ASG does not
voluntarily repay debt in 2017.  Furthermore, the company's credit
metrics could also deteriorate because of more aggressive financial
policy behavior such as a debt-funded dividend.  S&P could also
lower its ratings if operational performance becomes strained,
possibly because of pricing competition, input cost spiking, or
supply chain disruptions that prevent the company from providing
their current quality of services, such that debt to EBTIDA will be
sustained above 5x.  

Although unlikely, S&P could consider raising its ratings if it
assess the business to be better equipped at handling periods of
high input cost volatility while sustaining current margin levels
without losing market share.  S&P would also consider raising its
ratings if the company's debt to EBTIDA is sustained below 4x, with
the expectation that Kelso will relinquish control over the
intermediate term, such as through an IPO, and shareholders other
than financial sponsors would have to own a material stake in the
company.


PACIFIC 9: Committee Taps Armory Consulting as Financial Advisor
----------------------------------------------------------------
The official committee of unsecured creditors of Pacific 9
Transportation, Inc. seeks approval from the U.S. Bankruptcy Court
for the Central District of California to hire a financial
advisor.

The committee proposes to hire Armory Consulting Company to provide
these services:

     (a) monitor the Debtor's financial and operating performance;

     (b) perform due diligence with respect to the assets and
         liabilities, business, financial conditions and
         opportunities for the Debtor to enhance its value;

     (c) assess cash and liquidity requirements of the Debtor;

     (d) investigate potential causes of action;

     (e) analyze the potential values of the Debtor's assets and
         businesses, the secured and unsecured claims and the
         potential recoveries to the unsecured creditors;

     (f) assist in the negotiations, evaluation and formulation of

         any financial transaction, plan of reorganization and
         restructuring-related alternatives;

     (g) assist the committee in determining the best strategy for

         maximizing values for creditors; and

     (h) provide testimony (including deposition testimony before
         the bankruptcy court on matters within the firm's
         expertise.

James Wong, the Armory personnel expected to be primarily
responsible for providing services to the committee, will be paid
an hourly rate of $427.50.

Mr. Wong, principal of Armory, 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:

     James Wong
     Armory Consulting Company
     3943 Irvine Boulevard, Suite 253
     Irvine, CA 92602

                 About Pacific 9 Transportation

Pacific 9 Transportation, Inc. sought protection under Chapter 11
of the Bankruptcy Code (Bankr. C.D. Calif. Case No. 16-15447) on
April 26, 2016. The petition was signed by Le Phan, CFO. The case
is assigned to Judge Julia W. Brand.  The Debtor estimated both
assets and liabilities in the range of $1 million to $10 million.


PACIFIC SUNWEAR: Hires Connolly & Finkel as Real Estate Counsel
---------------------------------------------------------------
Pacific Sunwear of California, Inc., Miraloma Borrower Corporation,
and Pacific Sunwear Stores Corp., the reorganized debtors, seek
authorization from the U.S. Bankruptcy Court for the District of
Delaware to employ Connolly & Finkel LLP as labor, litigation, and
real estate counsel to the reorganized debtors, effective August 1,
2016.

C&F has been providing services as an "Ordinary Course
Professional" in these chapter 11 Cases.

The reorganized debtors seek to retain C&F to render these services
subject to applicable orders of the Court:

     a. labor and employment advice;

     b. negotiation with landlords regarding lease restructuring
and lease rejection; and

     c. advice regarding the class and PAGA claimants in the
bankruptcy.

C&F will charge the reorganized debtors for its legal services on
an hourly basis in connection with these Cases. C&F's billing rates
range from:

   Partners          $375-450 per hour
   Lawyers           $350-375 per hour
   legal assistants  $165 per hour

These rates are consistent with the billing rates charged by C&F
under its normal billing procedures for non-bankruptcy engagements.
The reorganized debtors request that all fees and related costs and
expenses incurred by the Debtors on account of services rendered by
C&F in these Cases prior to the Effective Date be paid as
administrative expenses of the Debtors' estates pursuant to
Bankruptcy Code sections 330 and 331.

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.

Connolly & Finkel LLP can be reached at:

   John G. Connolly, Esq.   
   Connolly & Finkel LLP
   777 S. Figueroa Street, Suite 4000
   Los Angeles, CA 90017
   Telephone: (213) 452 6500
   Facsimile: (213) 622 2171

      About Pacific Sunwear of California, Inc.

Founded in 1982 in Newport Beach, California as a surf shop,
Pacific Sunwear of California, Inc. operates in the teen and young
adult retail sector, selling men's and womens apparel, accessories,
and footwear. The Company went public in 1993 (NASDAQ: PSUN), and
peaked with 965 stores in 2006. At present, the Company has
approximately 593 retail locations nationwide under the names
"Pacific Sunwear" and "PacSun," which stores are principally in
mall locations. The Company has 2,000 full-time workers. Through
its ecommerce business, the Company operates an e-commerce site at
http://www.pacsun.com/Pacific Sunwear of California, Inc., and two
affiliated debtors each filed a voluntary petition for relief under
Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Del. Lead Case
No. 16-10882) on April 7, 2016. The cases are pending before the
Honorable Laurie Selber Silverstein.

The Debtors sought Chapter 11 protection with a Chapter 11 plan
that would convert debt into equity.

The Debtors tapped Young Conaway Stargatt & Taylor, LLP, and Klee,
Tuchin, Bogdanoff & Stern LLP as attorneys; FTI Consulting, Inc.,
as financial advisor; Guggenheim Securities, LLC, as investment
banker; Prime Clerk LLC as claims and noticing agent; and Deloitte
Financial Advisory Services LLP as accounting advisor.

Andrew Vara, acting U.S. trustee for Region 3, on April 19, 2016,
appointed seven creditors of Pacific Sunwear of California to serve
on the official committee of unsecured creditors. The official
committee of unsecured creditors retained Cooley LLP and Bayard,
P.A. as counsel; and Province Inc. as its financial advisor.

                           *     *     *

On September 6, 2016, the Bankruptcy Court entered an order
confirming the Revised Joint Plan of Reorganization of Pacific
Sunwear and its Debtor Affiliates Pursuant to Chapter 11 of the
Bankruptcy Code.  The Plan was declared effective on September 7,
and the Debtors emerged from the Chapter 11 Cases.

Pursuant to the Plan, Golden Gate Capital converted more than 65%
of its term loan debt into the equity of the reorganized Company
and provided a minimum of $20 million in additional capital to the
reorganized Company to support PacSun's long-term growth
objectives. Wells Fargo provided a five-year $100 million revolving
line of credit, subject to certain conditions.


PANAMA CITY INVESTMENTS: Taps Full Sail Realty as Broker
--------------------------------------------------------
Panama City Investments LLC seeks approval from the U.S. Bankruptcy
Court for the Northern District of Florida to hire a real estate
broker.

The Debtor proposes to hire Full Sail Realty LLC to market and sell
its real properties located at 6547 Highway 231, Panama City, and
at 10526 Resota Beach Road, Southport, Florida.  

As compensation, Full Sail will get 6% of the purchase price for
each property, according to court filings.

The firm can be reached through:

     Ashley Dunnigan
     Full Sail Realty LLC
     129 W. 23rd Street
     Panama City, FL 32405
     Phone: 850-527-9744

                 About Panama City Investments

Panama City Investments, LLC, filed a Chapter 11 bankruptcy
petition (Bankr. N.D. Fla. Case No. 16-50200) on July 26, 2016,
disclosing under $1 million in both assets and liabilities. The
Debtor is represented by Teresa M. Dorr, Esq., at Zalkin Revell,
PLLC.

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


PARAMOUNT RESOURCES: Moody's Hikes Corporate Family Rating to B3
----------------------------------------------------------------
Moody's Investors Service upgraded Paramount Resources Ltd.'s
(Paramount) Corporate Family Rating (CFR) to B3 from Caa2,
Probability of Default Rating to B3-PD from Caa2-PD, and senior
unsecured notes rating to Caa1 from Caa3. The rating outlook is
stable and the Speculative Grade Liquidity Rating was raised to
SGL-1 from SGL-4. This action resolves the review for upgrade that
was initiated on July 8, 2016.

"The upgrade to B3 reflects improved liquidity from the sale of
Paramount's Kakwa Montney assets to Seven Generations", commented
Paresh Chari, Moody's AVP-Analyst. "Paramount's leverage metrics
are expected to improve as the company will be able to fund its
growth capex over the next two years without increasing debt."

Upgrades:

   Issuer: Paramount Resources Ltd.

   -- Corporate Family Rating, Upgraded to B3 from Caa2

   -- Probability of Default Rating, Upgraded to B3-PD from
      Caa2-PD

   -- Speculative Grade Liquidity Rating, Upgraded to SGL-1 from
      SGL-4

   -- Senior Unsecured Regular Bond/Debenture (Local Currency) Dec

      4, 2019, Upgraded to Caa1 from Caa3

   -- Senior Unsecured Shelf (Local Currency), Upgraded to (P)Caa1

      from (P)Caa3

Outlook Actions:

   Issuer: Paramount Resources Ltd.

   -- Outlook, Changed To Stable From Rating Under Review

RATINGS RATIONALE

Paramount's B3 Corporate Family Rating (CFR) reflects the company's
concentration in the Karr Gold Creek area in the Montney, small
size and execution risk in increasing Karr Gold Creek production by
20,000 boe/d in 2017. Given Paramount's historic challenge in
meeting expectations Moody's views the growth plan cautiously. The
rating is supported by strong expected cash flow and leverage
metrics (2017 RCF to debt 20%; 2017 EBITDA to interest 3.5x). The
rating also considers Paramount's still significant land base and
very good liquidity portfolio.

Paramount has very good liquidity (SGL-1). At June 30, 2016, pro
forma the sale of Kakwa assets, the monetization of (24.7 million)
Seven Generations shares and the roughly C$440 million debt
paydown, Paramount had C$770 million of cash and C$70 million
available, after C$30 million of letters of credit, under its C$100
million borrowing base revolver that matures in April 2018. Moody's
expects negative free cash flow of about C$375 million for the 15
month period from June 30, 2016 to September 30, 2017, which will
be funded with cash. Paramount has no maintenance financial
covenants and no upcoming maturities until December 2019. Paramount
has significant alternate liquidity with about C$400 million in
equity security holdings.

In accordance with Moody's Loss Given Default (LGD) Methodology,
the notching of the senior unsecured notes at Caa1, one notch below
the B3 CFR, reflects priority ranking debt in the form of the C$100
million secured revolving credit facility relative to the unsecured
notes.

The rating could be upgraded if Paramount successfully executes on
its growth plans and can maintain production above 20,000 boe/d,
while maintaining EBITDA to interest above 3.5x and retained cash
flow to debt above 20%, with adequate liquidity.

The rating could be downgraded if EBITDA to interest falls below
2x, retained cash flow to debt remains below 10% or if liquidity
weakens.

Paramount is a Calgary, Alberta-based exploration and production
(E&P) company focused in the Montney formation in Alberta.

The principal methodology used in these ratings was Global
Independent Exploration and Production Industry published in
December 2011.


PEABODY ENERGY: Court Stays "Lynn" Pending Ruling on Dismissal Bid
------------------------------------------------------------------
Judge Audrey G. Fleissig of the United States District Court for
the Eastern District of Missouri granted the motion to stay the
case captioned LORI J. LYNN and JAVIER LYNN, individually and on
behalf of all others similarly situated, Plaintiffs, v. PEABODY
ENERGY CORPORATION, et al., Defendants, Case No. 4:15CV00916 AGF
(E.D. Mo.), pending the court's ruling on the defendants' motion to
dismiss the same case.

The Court finds that Defendants have presented valid reasons to
stay discovery for a relatively brief period of time, and do not
rely on the mere fact that they filed a motion to dismiss
complaint.  The Court accepts the Defendants' representation that
proceeding with discovery now in the present case will work a
hardship on three of the individual Defendants who currently
involved in the Chapter 11 reorganization bankruptcy case of three
former Defendants -- Peabody Energy Corporation, Peabody Holding
Company, LLC, and Peabody Investment Corp.  Further, a ruling on
the motion to dismiss could impact the scope of discovery, Judge
Fleissig said.  Conversely, the Plaintiffs have not made a showing
that a relatively brief stay of discovery would result in any
significant prejudice to them, Judge Fleissig added.

Judge Fleissig also held that if the Defendants' motion to dismiss
is denied in whole or in part, the parties must immediately submit
a joint proposed scheduling plan for the continued litigation of
the case.

A full-text copy of Judge Fleissig's memorandum and order dated
Aug. 26, 2016, is available at https://is.gd/hbKWwz from
Leagle.com.

Lori J Lynn, Plaintiff, represented by Don R. Lolli, Esq. --
dlolli@dysarttaylor.com -- DYSART AND TAYLOR, Donna Siegel Moffa,
Esq. -- dmoffa@ktmc.com -- KESSLER AND TOPAZ, Edward W. Ciolko,
Esq. -- eciolko@ktmc.com -- KESSLER AND TOPAZ, Julie E.
Siebert-Johnson, Esq. -- jsjohnson@ktmc.com -- KESSLER AND TOPAZ,
Mark K. Gyandoh, Esq. -- mgyandoh@ktmc.com -- KESSLER AND TOPAZ &
James A. Maro, Jr., Esq. -- jmaro@ktmc.com -- KESSLER AND TOPAZ.

Javier Gonzalez, Plaintiff, represented by Don R. Lolli, DYSART AND
TAYLOR, Mark K. Gyandoh, KESSLER AND TOPAZ & James A. Maro, Jr.,
KESSLER AND TOPAZ.

Gregory H. Boyce, Defendant, represented by Darren A. Shuler, Esq.
-- dshuler@kslaw.com -- KING AND SPALDING, LLP, David Tetrick, Jr.,
Esq. -- dtetrick@kslaw.com -- KING AND SPALDING, LLP, James F.
Bennett, Esq. -- jbennett@dowdbennett.com -- DOWD BENNETT, LLP,
Martha B. Daniels, Esq. -- dtetrick@kslaw.com -- KING AND SPALDING,
pro hac vice & Sheena R. Hamilton, Esq. --
shamilton@dowdbennett.com -- DOWD BENNETT, LLP.

Michael C. Crews, Defendant, represented by Darren A. Shuler, KING
AND SPALDING, LLP, David Tetrick, Jr., KING AND SPALDING, LLP,
James F. Bennett, DOWD BENNETT, LLP, Martha B. Daniels, KING AND
SPALDING, pro hac vice & Sheena R. Hamilton, DOWD BENNETT, LLP.

Sharon D. Fiehler, Defendant, represented by Darren A. Shuler, KING
AND SPALDING, LLP, David Tetrick, Jr., KING AND SPALDING, LLP,
James F. Bennett, DOWD BENNETT, LLP, Martha B. Daniels, KING AND
SPALDING, pro hac vice & Sheena R. Hamilton, DOWD BENNETT, LLP.

Eric Ford, Defendant, represented by Darren A. Shuler, KING AND
SPALDING, LLP, David Tetrick, Jr., KING AND SPALDING, LLP, James F.
Bennett, DOWD BENNETT, LLP, Martha B. Daniels, KING AND SPALDING,
pro hac vice & Sheena R. Hamilton, DOWD BENNETT, LLP.

Jeanne L. Hull, Defendant, represented by Darren A. Shuler, KING
AND SPALDING, LLP, David Tetrick, Jr., KING AND SPALDING, LLP,
James F. Bennett, DOWD BENNETT, LLP & Sheena R. Hamilton, DOWD
BENNETT, LLP.

Andrew P. Slentz, Defendant, represented by Darren A. Shuler, KING
AND SPALDING, LLP, David Tetrick, Jr., KING AND SPALDING, LLP,
James F. Bennett, DOWD BENNETT, LLP & Sheena R. Hamilton, DOWD
BENNETT, LLP.

Does 1-10, Defendant, represented by Darren A. Shuler, KING AND
SPALDING, LLP, David Tetrick, Jr., KING AND SPALDING, LLP, James F.
Bennett, DOWD BENNETT, LLP & Martha B. Daniels, KING AND SPALDING,
pro hac vice.

Patrick J. Forkin, Defendant, represented by James F. Bennett, DOWD
BENNETT, LLP & Martha B. Daniels, KING AND SPALDING, pro hac vice.

Walter L. Hawkins, Jr., Defendant, represented by James F. Bennett,
DOWD BENNETT, LLP.
D.L. Lobb, Defendant, represented by James F. Bennett, DOWD
BENNETT, LLP.

George J. Schuller, Jr., Defendant, represented by James F.
Bennett, DOWD BENNETT, LLP.
Board of Directors of Peabody Investment Corp, Defendant,
represented by James F. Bennett, DOWD BENNETT, LLP.

               About Peabody Energy Corporation

Headquartered in St. Louis, Missouri, Peabody Energy Corporation
claims to be the world's largest private-sector coal company.  As
of Dec. 31, 2014, the Company owned interests in 26 active coal
mining operations located in the United States (U.S.) and
Australia.  The Company has a majority interest in 25 of those
mining operations and a 50% equity interest in the Middlemount
Mine in Australia.  In addition to its mining operations, the
Company markets and brokers coal from other coal producers, both
as
principal and agent, and trade coal and freight-related contracts
through trading and business offices in Australia, China, Germany,
India, Indonesia, Singapore, the United Kingdom and the U.S.

Peabody posted a net loss of $1.988 billion for 2015, wider from
the net loss of $777 million in 2014 and the $513 million net loss
in 2013.

At Dec. 31, 2015, the Company had total assets of $11.02 billion
against $10.1 billion in total liabilities, and stockholders'
equity of $919 million.

On April 13, 2016, Peabody Energy Corp. and 153 affiliates filed
voluntary petitions for relief under Chapter 11 of the United
States Bankruptcy Code.  The 154 cases are pending joint
administration before the Honorable Judge Barry S. Schermer under
Case No. 16-42529 in the U.S. Bankruptcy Court for the Eastern
District of Missouri.

As of the Petition Date, PEC has approximately $4.3 billion in
outstanding secured debt obligations and $4.5 billion in
outstanding unsecured debt obligations.

The Debtors tapped Jones Day as general counsel; Armstrong,
Teasdale LLP as local counsel; Lazard Freres & Co. LLC and
investment banker Lazard PTY Limited as investment banker; FTI
Consulting, Inc., as financial advisors; and Kurtzman Carson
Consultants, LLC, as claims, ballot and noticing agent.

The Office of the U.S. Trustee on April 29 appointed seven
creditors of Peabody Energy Corp. to serve on the official
committee of unsecured creditors.  The Committee retained Morrison
& Foerster LLP as counsel, Spencer Fane LLP as local counsel,
Curtis, Mallet-Prevost, Colt & Mosle LLP as conflicts counsel,
Blackacre LLC as its independent expert, and Berkeley Research
Group, LLC, as financial advisor.


PETER CARSON CLARK: 9th Cir. Affirms Dismissal of RICO Claim
------------------------------------------------------------
The U.S. Court of Appeals for the Ninth Circuit, in a Sept. 23,
2016 ruling, held that the district court did not err in dismissing
a bankrupt individual's claims that arose before he filed for
Chapter 11 bankruptcy.

In this case, Peter Clark filed a claim pursuant to the Racketeer
Influenced and Corrupt Organizations Act alleging that William
Horwich, et al., engaged in various types of mail fraud, wire
fraud, and bankruptcy fraud.  The district court dismissed the RICO
claim and the Ninth Circuit agreed with the dismissal, holding that
while Mr. Clark's charges can serve as RICO predicate acts, he did
not provide sufficient factual allegations "to raise a right to
relief above the speculative level."  Because Clark did not
properly allege any predicate acts by Defendants, and because the
district court correctly decided that any amendments would be
futile, the district court did not err by dismissing his RICO
claim, the Ninth Circuit concluded.

The appeals cases are ESTATE OF JOHNSON CLARK and ESTATE OF LOUISE
H. CLARK, Plaintiffs, and PETER CARSON CLARK, Plaintiff-Appellant,
v. WILLIAM HORWICH; et al., Defendants-Appellees and ESTATE OF
JOHNSON CLARK; ESTATE OF LOUISE H. CLARK, Plaintiffs, and PETER
CARSON CLARK, Plaintiff-Appellee, v. WILLIAM HORWICH; et al.,
Defendants-Appellants, and JON BERKLEY MANAGEMENT, INC.; et al.,
Defendants, Nos. 12-17064, 12-17577 (9th Cir.).

A full-text copy of the Decision is available at
https://is.gd/48cLvb from Leagle.com.


PHD GROUP: S&P Affirms 'B-' CCR & Revises Outlook to Negative
-------------------------------------------------------------
S&P Global Ratings affirmed its 'B-' corporate credit rating on Oak
Brook, Ill.-based PHD Group Holdings LLC and revised the outlook to
negative from stable.

At the same time, S&P affirmed its 'B-' issue-level rating on the
company's revolver and first-lien term loan.  S&P revised the
recovery rating to '4' from '3', indicating its expectation of
average recovery, at the higher end of the 30% to 50% range, in the
event of a payment default.

S&P also affirmed the 'CCC' issue-level rating on the company's
second-lien term loan.  The '6' recovery rating, which indicates
S&P's expectation of negligible (0% to 10%) recovery, is unchanged.


"The outlook revision reflects our belief that PHD Group's already
weak credit protection metrics will deteriorate significantly
following the proposed dividend recapitalization, with pro forma
leverage increasing to 10.2x as of June 30, 2016, from 8.9x," said
credit analyst Declan Gargan.  "Offsetting this is our belief that
Portillo's will be able to maintain adequate liquidity and
deleverage over time through earnings growth and paying down debt,
particularly should the company consider an initial public offering
in future years."

The negative outlook reflects the financial sponsors' continued
aggressive financial policy of maximizing its distributions while
executing on an aggressive growth plan to offset higher leverage.
It also incorporates the execution risks associated with Portillo's
accelerated growth and expansion into new markets.

"We could lower the rating if performance deteriorates because of
declining same-store sales, difficulties expanding into new
markets, or margin contraction because of elevated beef prices.
Under this scenario, revenue growth would slow and gross margin
would shrink, resulting in EBITDA declining by approximately 15%.
Weakened operating performance would lead to negative free cash
flow and cause liquidity to tighten, ultimately pressuring the
company's ability to service its debt obligations.  We could also
take a negative rating action over the next 12 months if PHD Group
cannot strengthen its weak credit metrics or if liquidity becomes
constrained, leading us to conclude that the company's capital
structure is no longer sustainable," S&P said.

Although unlikely in the near term, S&P could revise the outlook to
stable if the company achieves positive operating performance on a
sustained basis, improves liquidity by generating more substantial
levels of free operating cash flow, and demonstrates a commitment
to using free cash flow to pay down debt.  This scenario would most
likely be the result of improving traffic, stable commodity costs,
and successful execution of new store development.


PORTILLO'S HOLDINGS: Moody's Affirms B3 Corporate Family Ratings
----------------------------------------------------------------
Moody's Investors Service affirmed the ratings of Portillo's
Holdings, LLC following the company's announcement that it intends
to raise an incremental $96 million in debt to partially fund a
$109 million dividend to its private equity owner (and pay fees and
expenses). Ratings affirmed include Portillo's B3 Corporate Family
Rating, B3-PD Probability of Default rating, B2 first lien senior
secured bank facility rating and Caa2 second lien senior secured
term loan rating. The rating outlook remains stable.

"The increased debt raises Portillo's leverage (adjusted for
Moody's standard adjustments) to 7.2 which is high compared to
similarly rated peers, especially given the company's small size in
terms of revenue, earnings and number of restaurants," stated Peter
Trombetta, an Analyst at Moody's. "However, offsetting the
company's weak leverage is the company's good interest coverage --
about 1.7x pro forma EBIT/interest expense -- and good liquidity,"
added Trombetta.

The proceeds of the incremental debt -- which consists of an $71
million add-on to its first lien term loan and $25 million add-on
to its second lien term loan -- along with $20 million of cash on
hand will be used to fund a $109 million dividend to its private
equity owner -- Berkshire Partners, which acquired a majority stake
in Portillo's in 2014. At the same time, the company is increasing
its commitment to $45 million from $30 million.

Ratings affirmed:

   -- Corporate Family Rating at B3
  
   -- Probability of Default Rating at B3-PD

   -- Senior secured first lien bank facility at B2 (LGD3)

   -- Senior secured second lien term loan at Caa2 (LGD6)

RATINGS RATIONALE

The affirmation of the company's B3 Corporate Family Rating
reflects the company's high leverage, with pro forma debt/EBITDA of
7.2x for the last 12 months ended August 31, 2016, as well as its
very small scale and geographically concentrated restaurant base
consisting of 45 units primarily within the Chicagoland market (all
metrics incorporate Moody's standard adjustments). Leverage will
remain high as the company focuses its free cash flow on new
restaurant growth. Improvement in leverage will need to come from
earnings improvement as Moody's expects a modest amount of debt
repayment. The first lien term loan requires only 1% annual
mandatory amortization and while there is a 50% excess cash flow
sweep, the calculation comes after growth capital expenditures. The
ratings also consider risks associated with its private equity
ownership and an aggressive financial policy as evidenced by the
proposed dividend. While we expect the company to generate positive
free cash flow, even after growth capital expenditures, restricted
payment and excess cash flow definitions allow for significant cash
flow leakage for uses such as permitted investments and
distributions to owners.

The rating is supported by the company's strong track record of
operating performance, loyal customer following in its core market
and strong profit margins, all of which drive healthy unit
economics and free cash flow generation. This, in turn, drives our
expectation that Portillo's can maintain a good liquidity position
and an expectation that capital expenditures will increase to fund
new unit growth.

The stable rating outlook reflects Moody's expectation for gradual
improvement in debt leverage and interest coverage metrics over the
next 12-18 months, with debt/EBITDA improving to about 6.5x.

A ratings upgrade would require a demonstration of continued
positive operating trends, as well as an expectation that financial
policies and growth strategies will preserve a strong quantitative
credit profile. Quantitatively, a rating upgrade would require
debt/EBITDA sustained below 5.0x. The ratings and outlook could be
negatively impacted if operating results were to turn negative,
financial policies were to become more aggressive, or if liquidity
were to erode. Quantitatively, ratings could be downgraded if fixed
charge coverage (measured as EBIT/interest expense) were to fall
near 1.0x.

Based in Oak Brook, Illinois, Portillo's Holdings, LLC operates 45
locations primarily in the Chicagoland area under the Portillo's
Hot Dogs and Barnelli's Pasta Bowls banners. The company generates
annual revenues of about $350 million. In July 2014, private equity
firm Berkshire Partners and a co-investor purchased Portillo's from
founder, Dick Portillo, in a leveraged buyout transaction.

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


POSTMEDIA NETWORK: S&P Lowers Corporate Credit Rating to 'SD'
-------------------------------------------------------------
S&P Global Ratings said it lowered its long-term corporate credit
rating on Toronto-based media company Postmedia Network Inc. to
'SD' (selective default) from 'CC'.

At the same time, S&P Global Ratings affirmed its 'CC' issue-level
rating on Postmedia's first-lien debt and lowered its issue-level
rating on the company's second-lien notes to 'D' (default) from 'C.


The downgrade follows Postmedia's announcement that it has
completed its previously announced re-capitalization transaction.
Because the noteholders received less than par, S&P views the
transaction as a distressed exchange and, in our view, Postmedia
has effectively defaulted on the notes.  Subsequently, S&P withdrew
all its ratings on Postmedia at the company's request.



PRIME GLOBAL: Terminates Tenancy Agreement with BJ Bentong
----------------------------------------------------------
Prime Global Capital Group Incorporated, through its subsidiary,
Virtual Setup Sdn. Bhd., or VSSB, and BJ Bentong Trading Company,
or BJ, were parties to an Agreement for Rental of Oil Plantation,
effective Sept. 21, 2015, pursuant to which BJ agreed to manage the
Company's plantation, harvest and sell oil palm fresh fruit bunches
and receive all proceeds related thereto for a monthly rental fee
of RM35,000.  The Tenancy Agreement is due to expire on March 20,
2018, pursuant to its terms.

On Sept. 29, 2016, VSSB and BJ entered into a letter agreement
pursuant to which the parties mutually agreed to terminate the
Tenancy Agreement upon the following conditions:

   1. BJ's deposit of RM70,000 will be forfeited by VSSB;

   2. All staff, laborers, machinery and tools will be removed
      from the premises and the premises returned to VSSB no later

      than Sept. 30, 2016; and

   3. BJ will indemnify VSSB for a period of six months after the
      termination of the Tenancy Agreement against all and any
      damages, loss, expenses or other cost on the property and or

      the palm oil trees regardless of whether such damage arose
      as a result of the act, omission or negligence of BJ or its
      agents and representatives.

                       About Prime Global

Kuala Lumpur, Malaysia-based Prime Global Capital Group operated
in the following three business segments during fiscal year 2014:
(i) software business (the provision of IT consulting,
programming and website development services); (ii) plantation
business (including oilseeds and castor seeds business); and
(iii) its real estate business.  In the fourth quarter of fiscal
2014, the Company discontinued its castor seeds business in
China, and in December 2014 it discontinued the software business
(the provision of IT consulting, programming and website
services) in Malaysia. As a result, the Company no longer conduct
business operations in China and anticipate winding down or
otherwise selling its interests in the following entities: Power
Green Investments Limited; Max Trend International Limited and
Shenzhen Max Trend Green Energy Co Ltd.

Prime Global reported a net loss US$1.59 million for the year
ended Oct. 31, 2015, compared to a net loss of US$1.33 million
for the year ended Oct. 31, 2014.

As of July 31, 2016, the Company had US$48.2 million in total
assets, U$18.3 million in total liabilities and US$29.8 million
in total equity.

Crowe Horwath (HK) CPA Limited, in Hong Kong, China, issued a
"going concern" qualification on the consolidated financial
statements for the year ended Oct. 31, 2015, citing that the
Company has a working capital deficiency, accumulated deficit
from recurring net losses and significant short-term debt
obligations maturing in less than one year as of Oct. 31, 2015.
All these factors raise substantial doubt about its ability to
continue as a going concern.


PROFESSIONAL DIVERSITY: Signs Employment Agreement with CEO
-----------------------------------------------------------
Professional Diversity Network, Inc., entered into an employment
agreement with Katherine Butkevich, the Company's current chief
executive officer.  The Employment Agreement provides for an
initial term of two years, and is subject to extension upon
agreement of the Company and Ms. Butkevich unless either party
provides advance written notice of its or her intention not to
extend.  

Under the Employment Agreement, Ms. Butkevich will receive an
annual base salary of $300,000, subject to increase, but not
decrease, in the sole discretion of the Company's Board of
Directors or the Compensation Committee of the Board.  Ms.
Butkevich will be eligible to receive an annual incentive bonus, at
a target amount of not less than her base salary, based upon the
achievement of one or more performance goals, targets, measurements
and other factors, established for such year by the Compensation
Committee.  Ms. Butkevich will also participate in all benefit
plans and programs, subject to certain conditions and exceptions,
as are generally provided by the Company to its other senior
executive employees.

Under the terms of Employment Agreement, Ms. Butkevich is subject
to non-solicitation, non-competition and non-interference
restrictive covenants during her employment and for the 12-month
period following her last day of employment with the Company.  The
Employment Agreement also contains customary confidentiality, work
product and return of Company property covenants.

In addition, Ms. Butkevich is entitled to severance pay if she is
terminated without "cause" or resigns for "good reason," each as
defined in the Employment Agreement.  Upon such termination,
provided that she executes a release and waiver agreement, Ms.
Butkevich will be entitled to receive an amount equal to the sum of
her base salary, any earned but unpaid bonus for the year prior to
the year of termination, and the pro rata portion of any bonus
earned for the year in which termination occurs, as well as
continuation of applicable benefits for a period of 12 months
following her termination.

In connection with the approval of the Employment Agreement, Ms.
Butkevich also received a non-qualified stock option to purchase
57,500 shares of the Company's common stock.  The option will vest
in accordance with the following schedule: (i) 1/3 of the shares
underlying the option will vest immediately upon award, (ii) 1/3 of
the shares underlying the option will vest on March 31, 2017, and
(iii) 1/3 of the shares underlying the option will vest on March
31, 2018.

                 About Professional Diversity

Professional Diversity Network, Inc. is a dynamic operator of
professional networks with a focus on diversity.  The Company uses
the term "diversity" to describe communities, or "affinities," that
are distinct based on a wide array of criteria which may change
from time to time, including ethnic, national, cultural, racial,
religious or gender classification.  The Company serves a variety
of such communities, including Women, Hispanic-Americans,
African-Americans, Asian-Americans, Disabled, Military
Professionals, and Lesbian, Gay, Bisexual and Transgender (LGBT).
The Company's goal is (i) to assist its registered users and
members in their efforts to connect with like-minded individuals,
identify career opportunities within the network and (ii) connect
members with prospective employers while helping the employers
address their workforce diversity needs.  The Company believes that
the combination of its solutions allows it to approach recruiting
and professional networking in a unique way and thus create
enhanced value for its members and clients.

As of June 30, 2016, Professional Diversity had $37.4 million in
total assets, $16.5 million in total liabilities and $20.9
million in total stockholders' equity.

The Company reported a net loss of $35.8 million in 2015 following
a net loss of $3.65 million in 2014.


QVL PHARMACY: Secured Creditors to Get Paid 10 Days After Plan OK
-----------------------------------------------------------------
QVL Pharmacy Holdings, Inc., filed with the U.S. Bankruptcy Court
for the District of Massachusetts a second amended disclosure
statement for the Debtor's second amended Chapter 11 plan of
reorganization  dated Sept. 28, 2016.

Under the Second Amended Plan, a holder of allowed Class 1A Secured
Claims - Unknown Secured Creditor will receive either a cash
payment equal to the amount of the allowed Class 1A Secured Claim,
or the property securing the Allowed Secured Claim, at the Debtor's
option, to be made not later than 10 days after the Confirmation
Date.

Following the reorganization of the Debtor, effective as of the
Confirmation Date, and in place by the Confirmation Date, White
Winston would close a new credit facility, the proceeds of which
would fund: (a) payoff of the 2013 Notes and the Line at their
balances as of the Petition Date; (b) All post-petition obligations
of the Debtor; (c) All Administrative Claims, Priority Tax Claims,
and Priority Claims (if any); (d) The $250,000 of Exit Funding; and
(e) Additional funds necessary for the Debtor's working capital
needs following Confirmation.  

As a result, the new Credit Facility would be the only liability of
the Reorganized Debtor after the Confirmation Date.

As reported by the Troubled Company Reporter on Sept. 21, 2016, the
Debtor filed an amended disclosure statement for the Debtor's
amended Chapter 11 plan of reorganization dated Aug. 24, 2016,
under which allowed Class 3 General Unsecured Claims are impaired.
Allowed Class 3 General Unsecured Claim will receive a pro rata
share of distributions from the liquidating trust.  Allowed Class 3
Unsecured Claims will be paid a pro rata share of an estimated
$113,150 distribution.  The foregoing estimate is based on a 15%
recovery by the Liquidating Trust on the accounts receivable (15%
of $754,324).

The Second Amended Disclosure Statement is available at:

           http://bankrupt.com/misc/mab15-14983-128.pdf

                       About QVL Pharmacy

QVL Pharmacy Holdings, Inc., based in Boston, Massachusetts, filed
a Chapter 11 petition (Bankr. D. Mass. Case No. 15-14983) on Dec.
29, 2015.  Prior to the Petition Date, the Debtor operated
a chain of retail pharmacies in Texas and Louisiana specializing in
hard-to-find medications (including controlled medications) and
dispensing written prescriptions.  By Dec. 31, 2014, the Debtor had
closed or sold all of its operating pharmacies and now has a plan
to develop its intellectual property and knowhow into a software
product for sale or license to retail pharmacies.

In its petition, the Debtor estimated $10 million to $50 million in
both assets and liabilities.  The petition was signed by Chad
Collins, director.

The Hon. Frank J. Bailey presides over the case.

The Debtor is represented by Stephen F. Gordon, Esq., Todd B.
Gordon, Esq., and Katherine P. Lubitz, Esq., at The Gordon Law Firm
LLP.  The Debtor has tapped Robert P. Mahoney at Hillcrest Capital
as Chief Restructuring Officer.

No Official Committee of Unsecured Creditors was appointed in this
case.


R&M GENERAL: Seeks to Hire John Turner as Real Estate Appraiser
---------------------------------------------------------------
R&M General Partnership seeks approval from the U.S. Bankruptcy
Court for the Eastern District of Tennessee to hire a real estate
appraiser.

The Debtor proposes to hire John Turner, an appraiser employed with
Scott Collins Company, to prepare an appraisal of its commercial
shopping center in Alcoa, Tennessee.  

Mr. Turner will receive a fee of $5,500 for his services.

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

Mr. Turner's contact information is:

     John R. Turner
     Scott Collins Company
     726 Andover Boulevard
     Knoxville, TN 37934
     Phone: (865) 671-3552

                 About R&M General Partnership

R&M General Partnership sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. E. D. Tenn. Case No. 16-32601) on August
30, 2016.  The petition was signed by John R. Dunlap, Jr., chief
manager of Dunlap/Hamiton Crossing Centre, LLC, general partner of
the Debtor. The case is assigned to Judge Suzanne H. Bauknight.

The Debtor hired Dean B. Farmer, Esq., and Kandi R. Yeager, Esq.,
and the firm of Hodges, Doughty & Carson, PLLC, to serve as general
counsel.

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

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


RELIABLE RACING: Court Allows Interim Use of Cash Until Oct. 4
--------------------------------------------------------------
Judge Robert E. Littlefield, Jr. of the U.S. Bankruptcy Court for
the Northern District of New York, in his Ninth Interim Order dated
October 3, 2016, authorized Reliable Racing Supply, Inc. to use
cash collateral on an interim basis, until October 4, 2016.

The Debtor was authorized to use of cash collateral under the terms
of the Court's First Interim Order.

Judge Littlefield held that should the Debtor's Debtor in
Possession Account exceed a balance of $40,000.00 at any time
during the term of the Ninth Interim Order, TD Bank is authorized
to transfer from the DIP Account such funds that exceed the DIP
Balance to Debtor’s account at TD Bank, and TD Bank is authorized
to freeze and block withdrawals from the Excess Cash Account, and
upon expiration of the Ninth Interim Order, apply the funds in the
Excess Cash Account to the amount due pursuant to the TD Bank Loan
Documents.

A full-text copy of the Interim Order, dated Oct. 3, 2016, is
available at
http://bankrupt.com/misc/ReliableRacing2016_16106191rel_82.pdf

                About Reliable Racing Supply

Reliable Racing Supply, Inc., doing business as Inside Edge Ski &
Bike, sells ski, bike and snowboard equipment through its store
Inside Edge Ski, Board & Bike located at 643 Upper Glen Street,
Queensbury, New York.  It also sells ski racing products to its
consumers through its Wintersports online catalog.

Reliable Racing Supply filed a chapter 11 petition (Bankr. N.D.N.Y.
Case No. 16-10619) on April 7, 2016.  The petition was signed by
John Jacobs, president.  The case is assigned to Judge Robert E.
Littlefield, Jr.  The Debtor disclosed assets of $2.98 million and
liabilities of $2.55 million as of Feb. 29, 2016.  The Debtor is
represented by Meghan M. Breen, Esq., at Lemery Greisler, LLC.


RENNOVA HEALTH: Seamus Lagan Reports 11% Stake as of Sept. 21
-------------------------------------------------------------
In an amended Schedule 13D filed with the Securities and Exchange
Commission, Seamus Lagan disclosed that as of Sept. 21, 2016, he
beneficially owns 6,521,162 shares of common stock of Rennova
Health, Inc., representing 11% of the shares outstanding.

The Shares consists of 344,234 Shares owned of record by Mr. Lagan
and 4,250,000 stock options owned of record by Mr. Lagan, and as to
which Mr. Lagan may be deemed to have sole dispositive and voting
power; and 1,926,928 Shares owned of record by Alcimede. Mr. Lagan
may be deemed to have shared dispositive and voting power with
Alcimede over the 1,926,928 Shares owned of record by Alcimede.
Those shares do not include 3,887,222 Shares owned of record by
Epizon (or approximately 7.0% of the total number of Shares then
currently deemed outstanding), and with respect to such Shares, The
Shanoven Trust, P. Wilhelm F. Toothe, as trustee of The Shanoven
Trust, and Epizon share dispositive and voting power.  Those shares
also do not include Shares owned by a third party entity, and which
third party entity is owned by a trust of which P. Wilhelm F.
Toothe serves as trustee.

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

                     https://is.gd/0lRISa

                    15.7% Stake as of May 2

In an amended Schedule 13D filed with the Securities and Exchange
Commission, Seamus Lagan disclosed that as of May 2, 2016, he
beneficially owns 2,671,927 shares of common stock of Rennova
Health, Inc., representing 15.7 percent of the shares outstanding.

                         About Rennova

Rennova Health, Inc. is a vertically integrated provider of a suite
of healthcare related products and services.  Its principal lines
of business are diagnostic laboratory services, and supportive
software solutions and decision support and informatics operations
services.

As of June 30, 2016, Rennova had $18.4 million in total assets,
$29.3 million in total liabilities and a $10.9 million total
stockholders' deficit.

The Company reported a net loss attributable to the Company's
common shareholders of $36.4 million following net income
attributable to the Company's common shareholders of $2.81
million.

"Although our financial statements have been prepared on a going
concern basis, we have recently accumulated significant losses and
have negative cash flows from operations, which raise substantial
doubt about our ability to continue as a going concern.

"If we are unable to improve our liquidity position we may not be
able to continue as a going concern.  The accompanying consolidated
financial statements do not include any adjustments that might
result if we are unable to continue as a going concern and,
therefore, be required to realize our assets and discharge our
liabilities other than in the normal course of business which could
cause investors to suffer the loss of all or a substantial portion
of their investment," the Company stated in its annual report for
the year ended Dec. 31, 2015.


RICK KHOMAL BENISASIA: Hearing on Plan Disclosures on Nov. 8
------------------------------------------------------------
The Hon. Paul G. Hyman, Jr., of the U.S. Bankruptcy Court for the
Southern District of Florida has entered a order setting the
hearing to consider the approval of Rick Khomal and Prabhjot Kaur
Benisasia's disclosure statement for Nov. 8, 2016, at 9:30 a.m.

Objections to the Disclosure Statement must be filed by Nov. 1,
2016.  The deadline for service of the court order, Disclosure
Statement and Plan is Oct. 7, 2016.

As reported by the Troubled Company Reporter on Sept. 30, 2016, the
Plan proposes that general unsecured creditors receive full payment
of their claims.  Under the plan, general unsecured creditors will
be paid 100% of their Class 5 claims.  These creditors, which
assert a total of $9,016 in claims, will receive a monthly payment
of $150.27 for 60 months.

                      About The Benisasias

Rick Khomal and Prabhjot Kaur Benisasia are residents of Palm Beach
County, Florida, who own and manage Seaspray Resort, Ltd.

Seaspray, a company previously in bankruptcy, owns a commercial
property and operates as a hotel and resort facility, which the
Debtors manage, with restaurant space and one manager's apartment.

The Debtors sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. S.D. Fla. Case No. 16-11593) on Feb. 3, 2016.


ROCK CREEK: Owes Nearly $3.7 Million to Laywers
-----------------------------------------------
The American Bankruptcy Institute, citing Brian Baxter of The Am
Law Daily, reported that Rock Creek Pharmaceuticals Inc. and two
subsidiaries, which filed for bankruptcy in Delaware, owe nearly
$3.7 million to lawyers from more than 20 firms, including at least
eight from the Am Law 200.

According to the report, big firms make up half of Rock Creek's 20
largest unsecured creditors, including legal giants like Chadbourne
& Parke; Crowell & Moring; Foley & Lardner; K&L Gates;
McGuireWoods; Morgan, Lewis & Bockius; Skadden, Arps, Slate,
Meagher & Flom; and Steptoe & Johnson.

The Sarasota, Florida-based biopharmaceutical company, once known
for its ties to a scandal-plagued Virginia governor under its
former name Star Scientific Inc., is being advised by Delaware's
Ciardi Ciardi & Astin in its Chapter 7 case, a process that usually
results in the liquidation of a debtor, the report related.

Court records show that Ciardi received $50,005 on Sept. 14 for its
services to Rock Creek, while the company paid another $10,000 to
SmithAmundsen in Chicago between June and September of this year,
the report further related.  The report noted that Rock Creek’s
Chapter 7 petition lays bare the rest of its legal debts, which are
listed in descending order below by firm name and office owed the
money:

   McGuireWoods (Richmond, Virginia): $1.38 million
   Steptoe & Johnson (Washington, D.C.): $464,897
   Skadden (White Plains, New York): $259,043.75
   K&L Gates (Dallas): $246,930.91
   Chadbourne (New York): $243,654.90
   Foley & Lardner (Tampa): $214,729.67
   Morgan Lewis (Washington, D.C.): $179,527.89
   Crowell & Moring (Baltimore): $163,437.50
   Banner & Witcoff (Washington, D.C.): $162,423.87
   Jaffe & Asher (New York): $94,799.66
   Covington & Burling (San Francisco): $41,263.36
   Miles & Stockbridge (Baltimore): $32,064.62
   Kelley Drye & Warren (New York): $20,000
   Paul Hastings (Washington, D.C.): $17,987.36
   Bryan Cave (St. Louis): $17,834.50
   Hyman, Phelps & McNamara (Washington, D.C.): $15,733.18
   DiMuro Ginsberg (Alexandria, Virginia): $14,661.24
   Caulkins & Bruce (Arlington, Virginia): $9,804.81
   Proctor Heyman Enerio (Wilmington, Delaware): $2,481
   Jennison & Shultz (Arlington, Virginia): $1,900

The report further noted that Rock Creek also owes money in legal
fees for former board members Sam Duffy ($25,000), David Foulke
($5,165) and Sunitha Chundru Samuel ($70,000).

BankruptcyData.com reported that Rock Creek Pharmaceuticals
(f/d/b/a Star Scientific and Eye Technology) and two wholly-owned
subsidiaries filed for Chapter 7 protection (Bankr. D. Del. Lead
Case No. 16-12120).  The Company, which is focused on the
discovery, development and commercialization of therapies for
chronic inflammatory disease and neurologic disorders, is
represented by John D. McLaughlin, Jr. of Ciardi, Ciardi & Astin.
In August 2016, the Company announced that it was "exploring a
variety of additional financing options as a supplement or
replacement for the Oct 15 convertible notes."


RONALD MARINO: Unsecureds to Get Pro Rata Recovery Under Plan
-------------------------------------------------------------
Ronald A Marino filed with the U.S. Bankruptcy Court for the
Eastern District of Michigan a Combined Disclosure Statement and
Plan of Reorganization, which commits all of the Debtor's projected
disposable income to unsecured creditors as required by the
Bankruptcy Code.

Mr. Marino is the president of earth-moving contractor company,
Glencorp.  Glencorp is party to a collective bargaining agreement
with the International Union of Operating Engineers Local 324,
which required Glencorp to pay certain pension and fringe
benefit contributions on behalf of the union workforce to the
Union's pension fund, health care and related funds, (the "Funds").
However, Glencorp was hit by the Great Recession, which resulted
in its inability to satisfy the Funds on a timely basis.  By 2014,
the Funds sued Glencorp and the Debtor for the alleged delinquent
payments.  Moreover, the Funds accessed additional fees under the
CBA, which the Debtor and Glencorp opposed.

Since then, the Debtor, Glencorp and the Funds have reached a
global settlement of all disputed matters and issues among them,
the terms of which are embodied in the Marino Plan, the Glencorp
Plan, the Gencorp Settlement Order and the Funds Order.

The Marino Plan provides this treatment for Creditors holding
Allowed Unsecured
Claims:

-- If there is no default in the Glencorp Plan, and all of the
    Unsecured Creditors in Classes II through V and the IRS are
    paid under the Plan, the remaining Creditors holding Allowed
    Unsecured Claims shall receive a distribution of Projected
    Disposable Income from the Unsecured Claims Pool on a
    pro-rata basis.

-- If there is a default in the Glencorp Plan, and the Claims
    of Marino's Creditors in Classes II through V are not
    satisfied in full, the Creditors of Marino will receive
    distributions from the Unsecured Claims Pool on a pro-rata
    basis in accordance with the priority scheme set forth
    in the Bankruptcy Code.

The Marino Plan further provides that:

   -- To the extent that Glencorp is unable to make payments to
the
      Funds, IRS, Michigan Petroleum or Michigan Caterpillar,
      Marino may use cash from the Unsecured Claims Pool to
      satisfy payments due under the Glencorp Plan, whether or not
      Glencorp is in default of its obligations.

   -- Once the Funds, IRS, Michigan Petroleum and Michigan
      Caterpillar are paid in full under the Glencorp Plan, and
all
      obligations are satisfied under Marino's Plan, all remaining
      funds in the Unsecured Claims Pool, if any, will be returned

      to Marino.

A copy of the Combined Disclosure Statement and Plan dated Sept.
30, 2016, is available at
http://bankrupt.com/misc/mieb16-47104-72.pdf

The Plan documents were prepared by:

          Jason W. Bank, Esq.
          William C. Blasses, Esq.
          KERR, RUSSELL AND WEBER, PLC
          500 Woodward Avenue, Suite 2500
          Detroit, Michigan 48226
          Tel: (313) 961-0200
          E-mail: jbank@kerr-russell.com
                  wblasses@kerr-russell.com

                     About Ronald Marino

Ronald A. Marino is the sole shareholder and president of
Glencorp., which is an earth-moving contractor engaged in the
business of moving dirt and heavy cuts, digging retention ponds,
and digging roads for developers in subdivisions.  Glencorp
operates out of offices located on Ryan Road in Shelby Township,
Michigan.

Mr. Marino sought bankruptcy protection (Bankr. E.D. Mich., Case
No. 16-47104) on May 10, 2016.


RP BROADCASTING: Wants to Use Chaparral Broadcasting Cash
---------------------------------------------------------
RP Broadcasting Idaho, LLC, asks the U.S. Bankruptcy Court for the
District of Utah for authorization to use Chaparral Broadcasting,
Inc.'s cash collateral.

The Debtor owns and operates radio broadcast stations located in
Jackson Hole Wyoming, Sun Valley, Idaho and Island Park, Idaho.  

The Debtor is indebted to Chaparral Broadcasting in the approximate
face amount of $2,675,000.  Chaparral Broadcasting was granted a
security interest in, among other collateral, accounts, general
intangibles, and deposit accounts of the Debtor.

The Debtor tells the Court that without access to the cash
collateral, the Debtor will not have sufficient liquidity from
unencumbered property to operate its business during the chapter 11
case.  The Debtor further tells the Court that without immediate
access to the cash collateral, the Debtor would face shut-down and
liquidation, which would destroy the Debtor's value in both the
business and, for the larger part, in the collateral held by the
Creditor.

The Debtor's proposed Budget for the year 2016, provides for total
expenses in the amount of $685,165.

The Debtor proposes to grant Chaparral Broadcasting with a
replacement lien in all accounts generated postpetition by the
Debtor.

The Debtor relates that Rich Broadcasting Idaho LLC and RJ
Broadcasting LLC, have agreed to continue to provide unsecured
financing to the Debtor, with administrative priority, in the
ordinary course of business.  The Debtor seeks and order from the
Court clarifying that no lien or interest of Chaparral Broadcasting
will attach to any amounts advanced under the facility and that
such advances do not become cash collateral of Chaparral
Broadcasting.

A full-text copy of the Debtor's Motion, dated Oct. 3, 2016, is
available at
http://bankrupt.com/misc/RPBroadcasting2016_1628578_6.pdf

              About RP Broadcasting Idaho

RP Broadcasting Idaho, LLC, filed a chapter 11 petition (Bankr. D.
Utah Case No. 16-28578) on Sept. 28, 2016.  The petition was signed
by Richard O. Mecham, president and CEO.  The Debtor is represented
by Penrod W. Keith, Esq., at Durham Jones & Pinegar, P.C.  The
Debtor estimated assets and liabilities at $1 million to $10
million at the time of the filing.


SAM BASS ILLUSTRATION: Seeks Court Approval to Use Cash Collateral
------------------------------------------------------------------
Sam Bass Illustration & Design, Inc., asks the U.S. Bankruptcy
Court for the Middle District of North Carolina for authorization
to use cash collateral.

The Debtor contends that its need for the use of cash collateral is
immediate.  It further contends that without authorization for the
use of cash collateral on an expedited basis, the Debtor would not
be able to pay the operating expenses necessary to operate,
maintain, and preserve the assets of the estate.

The Debtor believes that the Internal Revenue Service and the North
Carolina Department of Revenue have issued levies against the
Debtor's bank account and outstanding invoices.

De Lage Landen Financial Services holds a judicial lien against the
Debtor based on a judgment entered in Wake County.

A full-text copy of the Debtor's Motion, dated Oct. 3, 2016, is
available at
http://bankrupt.com/misc/SamBassIllustration2016_1651021_9.pdf

Sam Bass Illustration & Design, Inc., is represented by:

          Kristen S. Nardone, Esq.
          DAVIS NARDONE, PC
          235 Cabarrus Ave., East
          Concord, NC 28025
          Telephone: (704) 784-9440

De Lage Landen Financial Services is represented by:

          Bryon Saintsing, Esq.
          PO Box 26268
          Raleigh, NC 27611-6268

The case is In re Sam Bass Illustration & Design, Inc. (Bankr.
M.D.N.C. Case No. 16-51021).


SAM BASS: Court Official Announces Plan to Form Committee
---------------------------------------------------------
William Miller, U. S. bankruptcy administrator, on Oct. 3 filed
with the U.S. Bankruptcy Court for the Middle District of North
Carolina a notice of formation of an official committee of
unsecured creditors in the Chapter 11 case of Sam Bass Illustration
& Design, Inc.

Unsecured creditors willing to serve on the committee are required
to file a response within 10 days from Oct. 3.  

An organizational meeting will be scheduled after the committee is
appointed, according to the filing.

Mr. Miller can be reached through:

     Susan O. Gattis
     Bankruptcy Analyst
     101 S. Edgeworth Street
     Greensboro, NC 27401
     Fax: 336-358-4185
     Email: susan_gattis@ncmba.uscourts.gov

              About Sam Bass Illustration & Design

Sam Bass Illustration & Design, Inc. sought protection under
Chapter 11 of the Bankruptcy Code (Bankr. M.D.N.C. Case No.
16-51021) on October 3, 2016.  

At the time of the filing, the Debtor estimated assets of less than
$100,000 and liabilities of less than $1 million.


SANDRIDGE ENERGY: Exits Chapter 11 Bankruptcy Process
-----------------------------------------------------
SandRidge Energy, Inc., on Oct. 4, 2016, disclosed that it has
emerged from Chapter 11, having satisfied all the necessary
provisions of its Plan of Reorganization (the "Plan").  SandRidge
received approval to relist on the New York Stock Exchange in
conjunction with its emergence and resumed trading of newly issued
common stock on October 4, 2016, under the ticker symbol "SD".

Combining its unrestricted cash balance with the availability under
its first lien credit facility following emergence, SandRidge exits
its restructuring with approximately $525 million in total
liquidity.

New Capital Structure Summary

SandRidge's new capital structure consists of a $425 million first
lien revolving credit facility ("RBL") (maturing in 2020) and
approximately $282 million in mandatorily convertible notes,
bearing no interest and converting at any time at the option of the
holders or mandatorily at the earlier of certain events or four
years from the effective date of the Plan.  As previously
disclosed, SandRidge's pre-petition second lien secured and general
unsecured claim holders receive 100% of the newly issued common
equity in the reorganized company.

A summary of the Company's new capital structure is presented
below:

Unrestricted Cash

   -- $100 million pro forma for emergence payments (including
expected post-emergence repayment of RBL)

New Revolving Credit Facility

   -- $425 million borrowing base
   -- Undrawn (after expected post-emergence repayment with cash on
hand)
   -- No financial covenants or borrowing base redeterminations for
two years
   -- LIBOR (100 bps floor) + 475 bps rate

Mandatorily Convertible Notes

   -- $281,780,873 in principal amount of 0.00% Convertible Senior
Subordinated Notes due 2020 (the "Convertible Notes") which gives
effect to the election of certain holders to receive common stock
on the effective date instead of the Convertible Notes

   -- Initially convertible at the option of the holder based on an
initial conversion rate of 0.05330841 shares of the Company's
common stock per $1.00 principal amount or 15,021,291 shares,
subject to customary anti-dilution adjustments

   -- The Convertible Notes will mature and mandatorily convert
into the Company's common stock on October 4, 2020.  In addition,
the Company is required to convert all outstanding Convertible
Notes upon certain events.

   -- No interest

   -- Upon the occurrence of certain events, including any
acceleration, repayment or prepayment of the Convertible Notes
(including any optional redemption), the Company will be required
to pay a make-whole amount of $0.783478 (the "Make-Whole Amount")
for each $1.00 in principal amount.  The conversion rate will be
automatically adjusted such that the Convertible Notes convert into
the same percentage of common stock before and after such event.

Building Note

   -- $35 million note secured by mortgages on the Company's
headquarters facility and certain other non-oil and gas real
property, with interest payable in kind through the earlier of
August 4, 2020 or events related to the refinancing or repayment of
the New First Lien Exit Facility

Common Equity

   -- 19,371,229 shares of common stock issued at emergence,
including 971,231 shares issued and outstanding to give effect to
the election of certain holders to receive common stock on the
effective date instead of the Convertible Notes

Warrants

   -- 4,913,251 warrants to purchase common stock at $41.34 strike
price expiring on October 4, 2022

   -- 2,068,690 warrants to purchase common stock at $42.03 strike
price expiring on October 4, 2022

Excludes approximately $10 million of letters of credit

Pro Forma Capital Structure Details

In accordance with the Plan, approximately $3.7 billion in
pre-petition funded debt has been eliminated, in large part,
through the equitization of debt.  Details of the Company's pro
forma capital structure and liquidity are outlined at
https://is.gd/jknXBQ

New Board of Directors

Pursuant to the Plan, SandRidge has appointed a new Board of
Directors effective on Oct. 4.  The new Board of Directors consists
of five members including: James Bennett, Michael Bennett, John
Genova, William (Bill) Griffin, and David Kornder.

Listing on the NYSE

In connection with its emergence, SandRidge also received approval
from the New York Stock Exchange ("NYSE") for its common stock to
be listed for trading on the NYSE.  The common stock began trading
on the NYSE on October 4, 2016.  The trading symbol for the common
stock is "SD," which is the same trading symbol used for the
Company's common stock when it previously was listed on the NYSE.
In connection with its application to list on the NYSE, the Company
relied on adjustments to its historical financial data, which were
included in its application and are available to the public upon
request.

                   About SandRidge Energy, Inc.

SandRidge Energy, Inc. (OTC PINK: SDOC) --
http://www.sandridgeenergy.com/-- is an oil and natural gas
exploration and production company headquartered in Oklahoma City,
Oklahoma, with its principal focus on developing high-return,
growth-oriented projects in the U.S. Mid-Continent and Niobrara
Shale.

SandRidge Energy, Inc. and 24 of its subsidiaries each filed a
voluntary petition under Chapter 11 of the Bankruptcy Code (Bankr.
S.D. Tex. Lead Case No. 16-32488) on May 16, 2016.  The petitions
were signed by Julian M. Bott as chief financial officer.

The Debtors have hired Kirkland & Ellis LLP as general bankruptcy
counsel, Zack A. Clement PLLC as local counsel, Houlihan Lokey
Capital, Inc. as financial advisor, Alvarez & Marsal Holdings, LLC
as restructuring advisor and Prime Clerk LLC as claims and noticing
agent.

The cases are assigned to Judge David R Jones.

The Office of the U.S. Trustee has appointed five creditors of
SandRidge Energy, Inc., to serve on the official committee of
unsecured creditors.  The Official Committee is represented by
Charles R. Gibbs, Esq., Daniel H. Golden, Esq., Abid Qureshi, Esq.,
and Brad M. Kahn, Esq., at Akin Gump Strauss Hauer & Feld LLP.

An Ad Hoc Committee of Shareholders is represented by Susan C.
Mathews, Esq., Lori Ann Hood, Esq., and Sunil "Neil" Gupta, Esq.,
at Baker, Donelson, Bearman, Caldwell & Berkowitz.

Counsel to the First Lien Credit Agreement Agent are Andrew V.
Tenzer, Esq., Leslie A. Plaskon, Esq., and Michael Comerford, Esq.,
at Paul Hastings LLP.

Counsel to the Ad Hoc Group of Consenting Unsecured Creditors are
Joseph H. Smolinsky, Esq., and Daniel N. Griffiths, Esq., at Weil
Gotshal & Manges LLP.

Counsel to the Ad Hoc Group of Consenting Second Lien Creditors are
Damian S. Schaible, Esq., and Eli V. Vonnegut, Esq., at Davis Polk
& Wardwell, LLP.


SCOTT A. BERGER: Wants 90-Day Plan Filing Period Extension
----------------------------------------------------------
Scott A. Berger, M.D., P.A. asks the U.S. Bankruptcy Court for the
Southern District of Florida to extend its exclusive period to file
a Plan and Disclosure Statement for 90 days.

The Debtor relates that the Court's Orders Shortening Time for
Filing Proofs of Claim, Establishing Plan and Disclosure Statement
Filing Deadlines, and Addressing Related Matters shortened the
Debtor's exclusive period to file a plan, which expires on October
27, 2016.

The Debtor contends that it has been working with creditors to
resolve a host of issues so that it may generate and sustain a
profitable position in order to propose a confirmable plan of
reorganization. The Debtor further contends that it will pursue its
claim objections shortly and that the claims bar date was September
27, 2016 for non-governmental creditors and is December 27, 2016
for governmental creditors.

The Debtor tells the Court that it is aggressively pursuing every
issue of its cases in an effort to bring about the resolution of
the problems faced going into filing and the development of a
confirmable plan.

              About Scott A. Berger, M.D., P.A.

Scott A. Berger, M.D., PA, aka Pain Management Consultants of South
Florida aka Pain Management Consultants of West Boca, filed for
Chapter 11 bankruptcy protection (Bankr. S.D. Fla. Case No.
16-19155) on June 29, 2016.  The petition was signed by Scott A.
Berger, MD, director.  The Debtor is represented by Tarek K. Kiem,
Esq., at Rappaport Osborne Rappaport & Kiem, PL.  The case is
assigned to Judge Erik P. Kimball.  The Debtor estimated assets at
$100,000 to $500,000 and debts at $1 million to $10 million at the
time of the filing.


SEACREST EQUITIES: Plan Gives Unsecured Creditors $25,000
---------------------------------------------------------
Seacrest Equities LLC filed a Chapter 11 plan that says that
unsecured creditors owed $108,500 will split at least $25,000.

The Debtor owns the real property at 12 Seacrest Drive Huntington,
New York.  To emerge from bankruptcy, the Debtor intends to retain
a broker and auction the Property under the Plan.

Secured claims against the Property total $4,433,429. JP Morgan
Chase asserts a second mortgage claim totaling $1,850,000. Grasmere
Notebuyer, LLC asserts a first mortgage claim totaling $1,500,000.
Randall Funding asserts a judgment claim totaling $830,000.
Costello Shea & Gaffney, a law firm retained by the prior Property
owner has a $250,000 judgment claim against the Property, and
American Pump Center holds a $3,429 mechanics lien.

Aside from potential deficiency claims held by secured creditors,
unsecured claims total $108,500. $100,000 is owned to Do Young Kim,
who loaned the Debtor funds for legal fees and to cover Property
expenses. $8,500 is due to the Lloyd Harbor Seacrest Estates
Homeowners Association.

Under the Plan, Grasmere Notebuyer will be paid from available cash
after the Suffolk County real estate tax liens are paid.  JP Morgan
and Randall will subsequently be paid from available cash after
fully payment of the claims of Grasmere and Suffolk County.

If less than $25,000 is available for unsecured claims after
payment of senior claims under the Plan, Grasmere will escrow
$25,000 with Debtor’s counsel to be disbursed pro-rata to holders
of unsecured claims.  Grasmere will have no deficiency claim under
the Plan.

A hearing to consider approval of the Disclosure Statement is
scheduled for Oct. 19, 2016 at 3:00 p.m.

Counsel to the Debtor:

         Mark A. Frankel
         BACKENROTH FRANKEL & KRINSKY, LLP
         800 Third Avenue
         New York, New York 10022
         Telephone: (212) 593-1100
         Facsimile: (212) 644-0544

                      About Seacrest Equities

Seacrest Equities LLC sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. E.D.N.Y. Case No. 16-43956) on Sept. 1,
2016.  The petition was signed by Lorenzo Deluca, managing member.


The case is assigned to Judge Carla E. Craig.

At the time of the filing, the Debtor disclosed $1.5 million in
assets and $4.54 million in liabilities.



SED INTERNATIONAL: Taps Finley Colmer for Management Services
-------------------------------------------------------------
SED International Holdings, Inc. and SED International, Inc. seek
authorization from the U.S. Bankruptcy Court for the Northern
District of Georgia to employ Finley, Colmer and Company to provide
interim management services.

Mr. Peter W. Colmer will act under the direction, control and
guidance of the board of directors, and will serve at the boards'
pleasure.

Finley Colmer is expected to provide certain of its associates to
assist Mr. Colmer in his duties as Chief Administrative Officer. At
this time, Mr. Colmer anticipates using Sarah Watson for
administrative and accounting work. He may also use Jim Jennings
for tax and forensic accounting work, and Mark Smith for financial
modeling and other corporate support work. None of these
individuals are expected to assume any executive officer positions
of either of the Debtors.

On a monthly basis, Finley Colmer will file with the Court a report
of staffing on the engagement for the previous month, which report
shall include the names and functions filled of individuals
assigned.

Mr. Colmer and his associates will bill for their time at their
standard hourly rates:

     Mr. Colmer's                   $400/hr.
     Associates of Finley Colmer    $75-300/hr.
     Ms. Watsons                    $150/hr.
     Mr. Jennings                   $300/hr.
     Mr. Smith                      $300/hr.

The firm attests that it 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.

Finley Colmer can be reached at:

     Mr. Peter W. Colmer
     FINLEY, COLMER AND COMPANY
     15 Perimeter Center Place, Suite 640
     Atlanta, GA 30346
     Telephone: (770) 668 0637
     Facsimile: (770) 668 0641
     E-mail: www.finleycolmer.com

                     About SED International

Founded in 1980, SED International Holdings, Inc. is a
multinational, preferred distributor of leading computer
technology, consumer electronics, and small appliance products. The
company also offers custom-tailored supply chain management
services ideally suited to meet the priorities and distribution
requirements of the e-commerce, Business-to-Business and
Business-to-Consumer markets. Headquartered near Atlanta, Georgia
with business operations in California; Florida; Georgia; Bogota,
Colombia and Buenos Aires, Argentina, SED serves a customer base of
over 10,000 channel partners and retailers in the United States,
Latin America, and Caribbean.

Based in Lawrenceville, Ga., SED International, Inc. filed a
Chapter 11 bankruptcy petition (Bankr. N.D. Ga. Case No. 16-66019)
on September 9, 2016, listing under $1 million in total assets and
between $10 million to $50 million in liabilities.  Robert J.
Williamson, Esq., and Ashley Reynolds Ray, Esq., at Scroggins &
Williamson P.C., serve as the Debtor's counsel.  The petition was
signed by Sham Gad, CEO.


SMILES AND GIGGLES: Asks Court OK to Use Regions Cash Collateral
----------------------------------------------------------------
Smiles and Giggles Health Plaza, LLC, asks the U.S. Bankruptcy
Court for the Middle District of Florida for authorization to use
cash collateral.

The Debtor has real property located at 17020 County Line Road,
Spring Hill, Florida.

Regions Bank asserts a secured claim by virtue of a first mortgage
on the Debtor's real property in the approximate amout of
$538,355.

The Debtor tells the Court that it needs to use its cash, deposits,
and rental proceeds to continue its business operations as Debtor
in Possession in the case and to reorganize.  The Debtor further
tells the Court that if it is not allowed to use cash collateral,
it will be unable to operate, and reorganization would seriously be
jeopardized.

The Debtor's proposed monthly Budget provides for total expenses in
the amount of $1,199.

The Debtor contends that it is willing to make adequate protection
payments to Regions Bank if ordered to do so.

The Debtor relates that it will provide adequate protection in the
form of:

     (1) proof of insurance covering the assets which serve as
collateral for the indebtedness within 15 days from the date of an
Order approving its Motion;

     (2) monthly financial statements by the 20th day of each month
following a monthly reporting period;

     (3) the offer of the right of inspection of the assets upon
reasonable notice without interfering with the business operation;
and

     (4) the continuance of the prepetition liens to the extent
that they existed on the Petition Date, as well as the grant of
postpetition replacement liens to the same extent and priority in
post-petition assets of the same kind and type.

A full-text copy of the Debtor's Motion, dated Oct. 3, 2016, is
available at
http://bankrupt.com/misc/SmilesandGiggles2016_816bk08203krm_15.pdf

Smiles and Giggles Health Plaza, LLC, is represented by:

          David W. Steen, Esq.
          DAVID W. STEEN, P.A.
          2901 W Busch Boulevard, Suite 311
          Tampa, FL 33618
          Telephone: (813) 251-3100
          E-mail: dwsteen@dsteenpa.com

Smiles and Giggles Health Plaza, LLC, filed a chapter 11 petition
(Bankr. M.D. Fla. Case No. 16-08203) on Sept. 23, 2016.  The Debtor
is represented by David W. Steen, Esq., at David W. Steen, P.A.


SUPERIOR LINEN: Seeks Approval of RD VII Cash Collateral Deal
-------------------------------------------------------------
Superior Linen, LLC, asks the U.S. Bankruptcy Court for the
District of Nevada to approve its Stipulation with RD VII
Investments, LLC regarding the use of cash collateral.

The Debtor is indebted to:

     (a) RD VII in the approximate total sum of $8,804,786, plus
accrued interest in the amount of $749,361;

     (b) MCDF VII/Advantage Capital, in the approximate total
amount of $8,052,908; and

     (c) City of North Las Vegas, in the approximate sum of
$712,873.

RD VII has a blanket, first priority security interest in and to
substantially all of the Debtor's personal property.

The Stipulation provides for the Debtor's use of cash collateral,
subject to the following relevant terms:

     (1) RD VII will be granted a superpriority claim to prime its
existing first priority lien and claim;

     (2) RD VII will receive monthly payments due under the Note;
and

     (3) RD VII will be granted a valid, perfected, and enforceable
new priority replacement lien upon all property of the Debtor and
its estate.

A full-text copy of the Debtor's Motion, dated Oct. 3, 2016, is
available at
http://bankrupt.com/misc/SuperiorLinen2016_1615388mkn_13.pdf

              About Superior Linen

Superior Linen, LLC, doing business as Superior Linen and Laundry
Services, which operates as a commercial laundry and linen rental
company, filed a chapter 11 petition (Bankr. D. Nev. Case No.
16-15388) on Sept. 30, 2016.  The petition was signed by Robert E.
Smith, chief financial officer.  The Debtor is represented by
Matthew C. Zirzow, Esq., at Larson & Zirzow, LLC.  The case is
assigned to Judge Mike N. Nakagawa.  The Debtor estimated assets
and debts at $10 million to $50 million at the time of the filing.


SUPERIOR LINEN: Wants $860K DIP Financing from RD VII
-----------------------------------------------------
Superior Linen, LLC, asks the U.S. Bankruptcy Court for the
District of Nevada for authorization to obtain superpriority
postpetition financing from RD VII Investments, LLC and use cash
collateral.

The relevant terms of the proposed DIP Loan, among others, are:

     (1) Total Dollar Commitment: $860,000

     (2) Interest Rate: Contractual rate of 13.75% per annum with a
default rate of 18% per annum.

     (3) Maturity: The earliest of: September 30, 2017; the date of
termination of Lender's obligation to make an advance resulting
from an Event of Default; and the Effective Date of a confirmed
Chapter 11 plan with respect to Borrower.

     (4) Purpose and Use of Proceeds and Cash Collateral: The
advances will be used to fund monthly operational capital
requirements of Debtor, including, but not limited to, the
restructuring and reorganization costs of Debtor, the payment of
administrative expenses and certain other claims and expenses as
specifically set forth in the Note and Budget.

     (5) Grant and Scope of Liens on Property of the Estate: As
collateral security for the prompt payment in full when due and
performance of the Secured Obligations, the Debtor pledges and
grants to the Lender the following rights in the Collateral:

          (i) a continuing security interest in all of Debtor's
right, title and interest in the Collateral and all other assets
previously secured by the Lender as of the date the Debtor
commenced its Chapter 11 case, or Sept. 30, 2016, together with all
post-petition accruals thereon; and

          (ii) a super priority claim in the Debtor's bankruptcy
case in the amount of any outstanding principal, interest and fees
in respect of the Loan having priority over all administrative
expenses, subject only to the carve-out.

     (6) Carve-Out: All allowed unpaid fees and expenses to
professional persons retained by the Debtor in its Chapter 11 case,
not to exceed $125,000.

The Debtor is indebted to RD VII in the amount of $8,804,786, plus
interest in the amount of $749,361.  RD VII has a blanket, first
priority security interest in and to substantially all of the
Debtor's personal property.

The Debtor is likewise indebted to MCDF VII/Advantage Capital, in
the amount of $8,052,908, and the City of North Las Vegas, in the
approximate amount of $712,873.

The Debtor tells the Court that its ability to finance its
operations post-petition is essential to the Debtor's ability to
maximize the value of its estate.  The Debtor further tells the
Court that it does not have sufficient liquid assets in its estate
available to finance its operations post-petition.  The Debtor adds
that in the absence of the DIP Loan, the Debtor's estate would
suffer immediate and irreparable harm.

A full-text copy of the Motion, dated Oct. 3, 2016, is available at

http://bankrupt.com/misc/SuperiorLinen2016_1615388mkn_14.pdf

A full-text copy of the DIP Loan Agreement, dated Oct. 3, 2016, is
available at
http://bankrupt.com/misc/SuperiorLInen2016_1615388mkn_14_1.pdf

                   About Superior Linen

Superior Linen, LLC, doing business as Superior Linen and Laundry
Services, which operates as a commercial laundry and linen rental
company, filed a chapter 11 petition (Bankr. D. Nev. Case No.
16-15388) on September 30, 2016.  The petition was signed by Robert
E. Smith, chief financial officer.  The Debtor is represented by
Matthew C. Zirzow, Esq., at Larson & Zirzow, LLC.  The case is
assigned to Judge Mike N. Nakagawa.  The Debtor estimated assets
and debts at $10 million to $50 million at the time of the filing.


T3 MOTION: Appoints New Auditors and Announces Future Plans
-----------------------------------------------------------
T3 Motion, Inc., announced the engagement of TAAD LLP as their new
independent registered public accountant to complete the audits and
reviews of all of outstanding financial statements, including those
that were not completed under previous management for fiscal years
2012 through 2015.

T3 Motion's new management team took over in August 2015 and will
work conscientiously with TAAD LLP and the Company's legal and
accounting advisors over the next four months to take all remaining
actions necessary to become current in their SEC reporting
obligations -- including completing the preparation, audits, and
reviews of the Company's financial statements for the required
periods so that the Company can file all of their outstanding SEC
periodic reports as soon as each periodic report is completed
during this period.

Additionally, the Company also plans to proactively take all
necessary steps to meet the eligibility requirements for re-listing
their common stock for trading on the NYSE MKT LLC exchange or
another national exchange.  The Company pledges to work diligently
toward their goal of re-listing on a national exchange during
2017.

A new group of investors brought vitality and financial resources
to the Company after the group acquired majority ownership of the
Company's outstanding capital stock in November 2014.  The
proactive investment team firmly believes that the Company's
operations and development is headed back in the right direction
since August 2015, following the appointment of current T3 Motion
Board members and engagement of Mr. Noel Cherowbrier as the
Company's chief executive officer.

Mr. Cherowbrier, who previously served as the Company's vice
president of global sales, was responsible for significant
International growth for T3 Motion during his initial tenure with
the Company from 2006 until the end of 2012.  Since returning to
the Company, Mr. Cherowbrier and the rest of the management team
has continued to focus on making significant improvements in cost
control and in boosting revenues.

As the new CEO, Mr. Cherowbrier has constructed a sales network and
established an experienced sales and marketing team to increase
sales of tactical products to new and existing customers. The
Company has also capitalized on its existing customer base by
introducing new technology driven products to the Company's law
enforcement, security, and military customers.  These new product
offerings are expanding the Company's sales opportunities along
with enabling the development of more applications and products for
the law enforcement, security, and government markets.

"We are proud to be partnering with the accomplished team from TAAD
LLP.  Their professionalism is an ideal match for our financial
reporting efforts," said Noel Cherowbrier, C.E.O. of T3 Motion,
Inc.  "The future for T3 Motion is as bright as ever with our new
investment team, continued focus on clean energy patrol vehicles,
and our tactical product line expansion.  T3 Motion has long been
the leader in the global public safety market and we are very
excited to continue to expand our tactical technology expertise
worldwide."

Meanwhile, on Sept. 29, 2016, the Company sent a letter to its
shareholders, a copy of which is available for free at:

                    https://is.gd/Abib1l

                      About T3 Motion

Costa Mesa, Calif.-based T3 Motion, Inc., develops and
manufactures T3 Series vehicles, which are electric three-wheel
stand-up vehicles that are directly targeted to the public safety
and private security markets.

T3 Motion reported a net loss of $21.5 million on $4.51 million
of net revenues for the year ended Dec. 31, 2012, as compared with
a net loss of $5.50 million on $5.29 million of net revenues
during the prior year.

"The Company has incurred significant operating losses and has
used substantial amounts of working capital in its operations
since its inception (March 16, 2006).  Further, at March 31, 2013,
the Company had an accumulated deficit of $(76,980,775) and used
cash in operations of $(1,614,252) for the three months ended
March 31, 2013.  These factors raise substantial doubt about the
Company's ability to continue as a going concern for a reasonable
period of time," according to the Company's Form 10-Q for the
period ended March 31, 2013.

The Company's balance sheet at Sept. 30, 2013, showed $2.50
million in total assets, $11.3 million in total liabilities and a
$8.81 million total stockholders' deficit.


TCEH CORP: S&P Assigns 'BB-' CCR & Rates $2.85BB Term Loan 'BB+'
----------------------------------------------------------------
S&P Global Ratings said it assigned its 'BB-' corporate credit
rating to independent power producer TCEH Corp.  The outlook is
stable.

At the same time, S&P assigned a 'BB+' issue-level rating and '1'
recovery rating to operating subsidiary TEX Operations Co. LLC's
$2.85 billion term loan B, $650 million term loan C due 2023, and
$750 million five-year revolver.  The '1' recovery rating indicates
very high (90%-100%) recovery in the event of a payment default.

TCEH generates and trades electricity, capacity, and related
products from a convoy of power plants.  It owns approximately 16.8
gigawatts (GW) of generation capacity, which represents the largest
generation fleet in the Electric Reliability Council of Texas
(ERCOT) market and is also the largest lignite mine operator in the
state.  The company is also one of two large retail electric
providers in ERCOT.

"Based on the current portfolio assets, we expect the company to
maintain adjusted debt to EBITDA no higher than 3.25x and FFO to
debt above 23% over the forecast period despite low Henry Hub
benchmark gas prices, significant renewable proliferation, pressure
on load growth, and increasing environmental regulation," said S&P
Global Ratings credit analyst Aneesh Prabhu.  "We continue to
believe that the retail power business will likely provide some
offset to continuing pressure on wholesale power margins.  Our
base-case EBITDA for 2017-2018 is about 20%-25% lower than
management estimated EBITDA levels in 2016.  Under currently
anticipated market conditions, we expect that the counter-cyclical
relationship between retail and wholesale margins provides a floor
EBITDA level in the $1.15 billion area."

While S&P expects FFO to debt levels of about 23%-25% and above in
its base-case, S&P notes that financial measures are relatively
more volatile because the company does not aggressively hedge its
economic generation as it views power prices at a trough.  S&P
could lower the ratings if debt to EBITDA increases above 3.25x, or
FFO to debt declines below 20% and stays at that level.  This would
likely stem from a combination of softer energy markets brought on
by lower gas prices and less robust demand, as well as weakened
efficiency and availability at key plants.  Furthermore, future
acquisitions, if funded largely with debt, could cause financial
measures to weaken.

While not likely until S&P sees a track record, it could raise the
ratings if financial measures improve, such that debt to EBITDA
remains consistently below 3x and FFO to debt remains over 25%.
This would likely result from steadily growing demand and higher
natural gas prices, as well as a more robust and incentive-laden
ERCOT energy prices.  Given its established presence, ability to
mitigate attrition rates in its retail business (despite being in a
bankruptcy) and well-positioned assets that serve retail power load
obligations, TCEH could be in a good position to take advantage of
secular changes.



THE TAX DOCTORS: Combined Hearing on Plan & Plan Outline on Nov. 3
------------------------------------------------------------------
Judge Ralph B. Kirscher of the U.S. Bankruptcy Court for the
District of Montana conditionally approved The Tax Doctors Inc.'s
Disclosure Statement filed Sept. 30, 2016.

The combined hearing on final approval of the Debtor's Disclosure
Statement, and on confirmation of the Debtor's Plan of
Reorganization will be held on Thursday, Nov. 3, 2016, at 9:00
a.m., or as soon thereafter as counsel can be heard, in the
Bankruptcy Courtroom #200A, Russell Smith Courthouse, 201
E.Broadway, Missoula, MT.

Oct. 28, 2016, is fixed as the last day for filing and
servingwritten objections to confirmation of the Plan, and for
filing written acceptances or rejections of the Plan.

The Tax Doctors Inc. sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. D. Mont. Case No. 16-60316) on April 8,
2016.  The Debtor is represented by Harold V Dye, Esq., at Dye &
Moe, PLLP.


TREND COMPANIES: Has Until Nov. 30 to File Plan of Reorganization
-----------------------------------------------------------------
Judge Alan C. Stout of the U.S. Bankruptcy Court for the Western
District of Kentucky extended The Trend Companies of Kentucky,
Inc.'s exclusive periods for filing and soliciting acceptances of a
plan of reorganization until November 30, 2016 and January 30,
2017, respectively.

         About The Trend Companies of Kentucky, Inc.

The Trend Companies of Kentucky, Inc., filed a Chapter 11 petition
(Bankr. W.D. Ky. Case No.16-30258), on Feb. 3, 2016.  The petition
was signed by Joseph Dumstorf, president.  The case is assigned to
Judge Alan C. Stout.  The Debtor is represented by Neil Charles
Bordy, Esq., at Seiller Waterman LLC.  At the time of filing, the
Debtor estimated assets at $500,000 to $1 million and liabilities
at $1 million to $10 million.



TROLLEY ROCK: Court OKs Nov. 15 Exclusivity Period Extension
------------------------------------------------------------
Judge Shelley D. Rucker of the U.S. Bankruptcy Court for the
Eastern District of Tennessee extended Trolley Rock Truck Stop,
LLC's small business exclusivity period for filing a plan to
November 15, 2016.

The Debtor previously asked the Court to extend its exclusivity
period for filing a plan in a small business case, which would have
expired on September 30, 2016, absent an extension.

         About Trolley Rock Truck Stop, LLC.

Trolley Rock Truck Stop, LLC filed a chapter 11 petition (Bankr.
E.D. Tenn. Case No. 16-11355) on April 4, 2016.  The petition was
signed by Floyd Don Davis, owner.  The Debtor is represented by
Robert S. Peters, Esq., at Swafford, Peters, Priest & Hall.  The
case is assigned to Judge Shelley D. Rucker.  The Debtor disclosed
total assets at $1.43 million and total liabilities at $859,266.



TTJ ENTERPRISES: Disclosures OK'd; Plan Hearing Set For Nov. 9
--------------------------------------------------------------
The Hon. Douglas D. Dodd of the U.S. Bankruptcy Court for the
Middle District of Louisiana has approved TTJ Enterprises, LLC's
second amended disclosure statement describing the Debtor's first
amended plan of reorganization dated Sept. 16, 2016.

The Court will hold a hearing on confirmation of the Debtor's First
Amended Plan on Nov. 9, 2016, at 11:00 a.m.

As reported by the Troubled Company Reporter on Sept. 28, 2016, the
Debtor filed its First Amended Plan, revealing Taylor Jeansonne and
Trasie Jeansonne Stelly have agreed to waive any right to receive a
distribution under the Plan by virtue of their Class 3 Gen.
Unsecured Claims -- provided that the Plan is confirmed and the
Effective Date occur.  The Jeansonnes' share of the distribution
will be allocated and distributed to other Class 3 claimants pro
rata.  The Second Amended Disclosure relates that the Plan provides
for a 5% estimated recovery for Class 3 Claims.

Ballots accepting or rejecting the Second Amended Plan, objections
to the Second Amended Plan and supporting memoranda will be filed
no later than Nov. 1, 2016, at 5:00 p.m.

The Debtor will file a summary of ballots indicating the number of
ballots cast and percentage of ballots in favor of the Second
Amended Plan, and copies of ballots, no later than Nov. 7, 2016, at
12:00 noon local time.

                     About TTJ Enterprises

TTJ Enterprises, LLC, owns and operates La Grove Plaza, Car Wash,
Market and Lube Center located in the Parish of Ascension,
Louisiana.

TTJ Enterprises filed a Chapter 11 petition (Bankr. M.D. La. Case
No. 16-10112) on Feb. 1, 2016.  Noel Steffes Melancon, Esq., and
William E. Steffes, Esq., at Steffes Vingiello & McKenzie LLC.

In its petition, the Debtor estimated $1 million to $10 million in
both assets and liabilities.  The petition was signed by James
Taylor Jeansonne, president.


UCI INTERNATIONAL: Files Revised Joint Plan of Reorganization
-------------------------------------------------------------
UCI International, LLC on Oct. 2, 2016, disclosed that it has filed
a revised Joint Plan of Reorganization (the "Plan") and related
Disclosure Statement.  The Plan is supported by the Official
Committee of Unsecured Creditors and the Ad Hoc Committee of Senior
Noteholders.  The Company also announced an agreement with Senior
Unsecured Noteholders comprised of funds and accounts under the
management of Blackrock Financial Management, Inc., Credit Suisse
Asset Management, LLC, and J.P. Morgan Investment Management, Inc.
to backstop $30 million of incremental exit financing.
Collectively, these parties hold more than 80% in principal amount
of the Senior Unsecured Notes outstanding and will become the
controlling equity holders of the reorganized Company under the
Plan.

The Plan, consistent with a stipulation filed on September 29
between the Company, the Official Committee of Unsecured Creditors,
and the lenders and agent under the Company's prepetition ABL
credit facility, provides for the payment in full of claims under
the prepetition ABL credit facility.

"We are pleased with the progress made to date in our bankruptcy
filing," said Keith Zar, UCI's general counsel.  "The filing of the
Plan moves UCI one step closer to a successful restructuring and
positions UCI for long-term success by reducing outstanding debt
and strengthening our balance sheet.  UCI continues to have a
strong position in the marketplace and is well positioned to take
advantage of future opportunities."

The Disclosure Statement remains subject to approval of the United
States Bankruptcy Court for the District of Delaware.  A hearing on
approval of the Disclosure Statement has been scheduled for October
14, 2016.  Following court approval of the Disclosure Statement,
the Company intends to solicit votes and seek confirmation of the
Plan.  The Company has requested a hearing on confirmation of the
Plan for December 6, 2016.

UCI's principal operating subsidiaries include Airtex Products,
L.P., ASC Industries, Inc., and Champion Laboratories, Inc.

                      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.


VIRTU FINANCIAL: Moody's Assigns Ba3 CFR; Outlook Positive
----------------------------------------------------------
Moody's assigned a Ba3 Corporate Family Rating to Virtu Financial
Inc., and a Ba3 rating on the senior secured credit facility of
Virtu's subsidiary, VFH Parent LLC.  The outlook on the ratings is
positive.  The rating action follows the company's announced
intention to refinance its existing loan via the issuance of a $540
million new term loan B due 2023.

Assignments:

Issuer: VFH Parent LLC
  US$540 mil. Senior Secured Bank Credit Facility, Assigned Ba3

Issuer: Virtu Financial, Inc.
  Corporate Family Rating, Assigned Ba3

                         RATINGS RATIONALE

Virtu is a low latency market maker that provides quotations to
buyers and sellers in more than 12,000 securities and financial
instruments in more than 230 trading venues in 35 countries.  In
2015, the company generated net revenue of $511 million and pretax
income of $216 million.

The Ba3 ratings, with a positive outlook, reflect Virtu's strong
track record of risk control and financial performance while
operating as an electronic market maker in a wide variety of market
environments.  Financial performance and debt coverage was strong
in 2015, with the firm generating $322 million in EBITDA (excluding
$44 million of IPO-related share compensation).  As a result, the
firm has maintained solid debt service capacity with Debt/EBITDA of
2.0x and an EBITDA/interest expense of 9.7x in 2015 (inclusive of
Moody's operating lease adjustment).  Virtu also maintains adequate
liquidity; as of Q2 2016, the company had a cash balance of $149
million as well as a series of working capital facilities at its
operating subsidiaries.

The ratings also reflects Virtu's emphasis on making markets in
liquid instruments with short hold times.  This has resulted in a
rapidly turning balance sheet with only modest levels of market and
credit risk which helps mitigate the consolidated firm's negative
tangible common equity.

Moody's also noted that Virtu's business model entails substantial
operational risk.  Virtu manages these risks primarily through a
series of automated, pre-set guardrails governing various trade,
order and other risk parameters, including order size and limits on
strategy profitability.  When these limits are hit, a strict risk
mitigation strategy is immediately and automatically locked-down,
requiring no human intervention.  Furthermore, Virtu conducts
frequent reconciliation between its outgoing flow of orders and
those recognized by the trading venues it is connected to -- so as
to reduce the risk of unintended fills.

While Virtu's financial performance has been strong, its revenues
and cash flows are subject to the competitive nature of electronic
market making and reliance on a high volume of transactions, , with
exposure to periods of low volumes during stable market conditions.
Furthermore, Virtu has maintained a policy of aggressive capital
returns to its members and shareholders despite a negative tangible
common equity position.  However, Virtu's strong track record of
risk controls and surveillance as well as its liquid and rapidly
turning balance sheet with modest levels of market and credit risk
have been key to Virtu's strong operating leverage and sound
financial performance.

Outlook

The rating outlook is positive, reflecting a trend of solid
profitability, driven by scale, a strong market position and
revenue diversification by region and asset class as well as
supported by sound risk management.

What could change the rating -- Up

A combination of the following factors could put upward pressure on
the rating:

   -- Continued consistency of performance combined with strong
      risk management and maintenance of sound liquidity
   -- A sustained improvement in debt leverage and coverage ratios

What could change the rating – Down

Downward pressure on the ratings is currently limited, given the
positive outlook, however the following factors could result in a
downgrade:

   -- Material operational failure or regulatory compliance issue
   -- Potential future regulatory requirements resulting in
      significant limitations on business practices and weaker
      profitability
   -- Aggressive financial policy resulting in an increase in
      leverage without a clear plan to return leverage to pre-
      existing levels in the near-term

The principal methodology used in these ratings was Global
Securities Industry Methodology published in May 2013.

VFH Parent LLC (VFH) is a wholly owned subsidiary of Virtu.  VFH is
the borrower under the credit agreement and the obligations are
unconditionally guaranteed by Virtu's holding company on a senior
secured first-lien basis.


VIVA INVESTMENTS: Unsecureds To Be Paid $5,000 Under Plan
---------------------------------------------------------
VIVA Investments Limited Liability Company filed with the U.S.
Bankruptcy Court for the Southern District of Florida a disclosure
statement describing the Debtor's plan of reorganization.

Class 5 Claims, which consists of general unsecured claims, are
impaired and will share in a total distribution of $5,000 pro rata.
Payments of $1,000 will be distributed pro rata on an annual
basis, starting on the first of the month after the Effective Date,
until the aggregate amount of $5,000 is paid.  The Debtor may
prepay any or all of the distributions described with no prepayment
penalty.  Since each Class 5 claimant is impaired, any Class 5
claimant may vote to accept or reject the Plan.

The Debtor believes that there is minimal risk to creditors as to
completion of the Plan.  The Debtor has successfully negotiated
reduced payout terms with its creditors, particularly with regard
to its secured lender Deutsche Bank.  Coupled with the restructured
debt terms and with positive future projections of cash flow, the
Debtor believes that the payment plans proposed in the Disclosure
Statement are feasible.  Monthly net cash flows, before and after
debt service, are more than sufficient to fund the existing Plan.
The on-going operation of the Debtor's business will generate the
most funds for payment to creditors.

The Disclosure Statement is available at:

          http://bankrupt.com/misc/flsb15-11753-137.pdf

                      About VIVA Investments

Palm Beach Gardens, Florida-based VIVA Investments Limited
Liability Company filed for Chapter 11 bankruptcy protection
(Bankr. S.D. Fla. Case No. 15-11753) on Jan. 29, 2015, listing
$1.19 million in total assets and $1.95 million in total
liabilities.  The petition was signed by Sriram Srinivasan,
manager.

Judge Paul G. Hyman, Jr., presides over the case.

Aaron A Wernick, Esq., at Furr & Cohen serves as the Debtor's
bankruptcy counsel.


WARREN RESOURCES: Exits Chapter 11 Bankruptcy Process
-----------------------------------------------------
Warren Resources, Inc. on Oct. 5, 2016, announced the satisfaction
of all conditions precedent to the effective date of its Chapter 11
plan of reorganization.  Accordingly, after approximately four
months of court proceedings, Warren has successfully emerged from
Chapter 11 bankruptcy protection, with an improved balance sheet
and a viable capital structure.

Warren's bankruptcy proceeding began on June 2, 2016 when Warren
and certain of its subsidiaries filed voluntary petitions for
reorganization under Chapter 11 of the United States Bankruptcy
Code.  On Sept. 14, 2016, the bankruptcy court entered a
confirmation order approving Warren's plan of reorganization.  In
accordance with the plan of reorganization, Warren's pre-bankruptcy
common stock and preferred stock have been cancelled on the
effective date of the plan, and Warren is issuing new common stock
to its pre-petition creditors, including lenders under its
pre-petition first-lien and second-lien secured credit facilities,
an unsecured contractual claimholder and investors who held
Warren's pre-petition unsecured notes.

"We are pleased to have completed our reorganization in a timely
and efficient manner with the cooperation of all our significant
creditors.  With our new capital structure, we are positioned to
further develop and potentially expand our asset base in order to
enhance value for our new stockholders," stated James A. Watt,
Warren's President, Chief Executive Officer and Chairman of the
Board.  "I extend my sincere thanks and appreciation to our
lenders, our employees, members of our former board of directors,
and our financial, accounting and legal advisors, all of whom have
worked tirelessly throughout this inherently difficult process and
contributed to its successful outcome.  Likewise, I am grateful to
our customers and vendors for their confidence and support while we
underwent the painful, but necessary measures to rightsize our debt
in light of an unforeseen protracted negative price environment for
oil and gas.  We look forward to working with our new board of
directors, and with the support of all of our key stakeholders, to
execute on our strategic goals during the current industry downturn
and the next industry recovery."

In connection with its restructuring and cost reduction measures,
Warren plans to relocate its headquarters to Dallas, Texas by
January 1, 2017, and close its current offices in Houston and
Plano, Texas.  Warren also plans to reduce leased office space in
other locations, but anticipates maintaining a small team in
Denver, Colorado and field offices and associated personnel in Long
Beach, California, Rollins and Casper, Wyoming and Tunkhannock,
Pennsylvania.

Jefferies LLC acted as financial advisor to Warren in connection
with its restructuring, and Andrews Kurth Kenyon LLP represented
Warren as its legal counsel throughout the restructuring.

                      About Warren Resources

Warren Resources Inc., is an independent energy company engaged in
the exploration, development and production of domestic onshore
crude oil and natural gas reserves.  It is primarily focused on the
development of its waterflood oil recovery properties in the
Wilmington field within the Los Angeles Basin of California, its
position in the Marcellus Shale gas in northeastern Pennsylvania
and its coalbed methane, or CBM, natural gas properties located in
Wyoming.

Warren Resources, Inc., Warren E&P, Inc., Warren Resources of
California, Inc., Warren Marcellus LLC, Warren Energy Services,
LLC, and Warren Management Corp. each filed a voluntary petition
under
Chapter 11 of the Bankruptcy Code (Bankr. S.D. Tex. Lead Case No.
16-32760) on June 2, 2016.  The Debtors listed total assets of $230
million and total debt of $545 million.

The Debtors hired Andrews Kurth LLP as counsel, Jefferies LLC as
investment banker, Deloitte Transactions and Business Analytics LLP
as restructuring advisor and Epiq Bankruptcy Solutions, LLC as
claims, balloting and noticing agent.

Judge Marvin Isgur has been assigned the cases.

An official committee of unsecured creditors has not been appointed
in these cases by the Office of the United States Trustee.


WENNER MEDIA: Moody's Affirms B3 Corporate Family Rating
--------------------------------------------------------
Moody's Investors Service affirmed Wenner Media LLC's B3 Corporate
Family Rating (CFR) and Caa1-PD Probability of Default Rating (PDR)
following last week's announcement that Wenner sold a minority
interest in its Rolling Stone magazine to a strategic partner and
has received lender approval via an amendment to the credit
agreement to release Rolling Stone from the collateral package. The
rating outlook is stable.

Wenner sold a 49% stake in Rolling Stone to BandLab Technologies
("BandLab"), a Singapore-based music and technology start-up. The
strategic investor has knowledge and experience to help Wenner
develop and execute a global brand expansion and licensing strategy
for the iconic magazine. BandLab will invest $15 million in Rolling
Stone to grow and accelerate its digital and licensing
opportunities. Wenner used net sale proceeds of $25 million to
partially prepay the term loan to $62.7 million outstanding ($59.1
million is currently outstanding after a mandatory $3.6 million
amortization payment was made in September). The credit agreement
amendment removed the Rolling Stone asset from the collateral
package and reclassified it as an unrestricted subsidiary. The
amendment also reset the maximum leverage ratio covenant to lower
step-down levels in the future. However, other financial covenants
remain unchanged (i.e., the mandatory $14.4 million annual
amortization and the excess cash flow sweep, which was fixed at
75%). Finally, the amendment requires any distributions that Wenner
receives from Rolling Stone or future sale of the magazine's shares
to be applied to reduce the term loan.

Ratings Affirmed:

   -- Corporate Family Rating -- B3

   -- Probability of Default Rating -- Caa1-PD

   -- $ 15.0 Million Revolving Credit Facility due November 2018

      - B3 (LGD3)

   -- $ 59.1 Million Term Loan B due May 2019 -- B3 (LGD3)

Outlook Actions:

   -- Outlook, Remains Stable

RATINGS RATIONALE

The affirmation of Wenner's B3 rating reflects the restricted
group's smaller revenue base, reduced magazine diversification and
increased revenue concentration following the sale of the Rolling
Stone asset and its designation as an unrestricted subsidiary. The
remaining restricted group assets supporting the credit facilities
comprise only two magazines, Us Weekly and Men's Journal, as well
as Glixel, a start-up digital-only media property covering the
video gaming space. Increased business risk is further magnified by
Men's Journal's continued operating losses, which highlights
earnings concentration solely with Us Weekly. However, we believe
the $25 million term loan prepayment and reduced interest expense
partially offset the higher business risk and smaller future cash
flows available for debt service. This transaction removes Wenner's
most recognizable long-lived brand from the collateral pool, which
we view as credit negative. Nevertheless, given the willingness of
an investor to purchase Rolling Stone for brand extension
opportunities, thus validating the brand, the transaction could
also potentially minimize the reputation risk overshadowing the
company that surfaced following Wenner's retraction of a flawed
December 2014 Rolling Stone article that has led to three pending
lawsuits against the company.

Wenner's B3 CFR reflects its niche focus within the highly
competitive and cyclical consumer magazine publishing business,
negative magazine and print media business trends, and growing
competition from digital news sources and online advertising
platforms, which we project will continue to erode EBITDA. The B3
rating captures Wenner's long-term track record of operational
performance, good market position and strong long-lived brands
within its target market supported by proprietary content
generation, history of artistic and journalistic industry
recognition, and consumer interest in celebrity, lifestyle and
entertainment content. Compared to most of its major competitors
within the magazine industry, Wenner is smaller and less
diversified with nearly 90% of the restricted group's revenue
generated by Us Weekly. The company has demonstrated good cost
management and revenue trends.

Excluding Rolling Stone's EBITDA and adjusting for the $25 million
term loan prepayment, we estimate the restricted group's pro forma
financial leverage as measured by total debt to EBITDA of 3.7x (as
of June 30, 2016 incorporating Moody's adjustments). Moody's said,
“We expect the restricted group to maintain leverage in the 3-4x
range (Moody's adjusted) over the next 12-18 months. Term loan
borrowings were reduced from $144 million at the time of the May
2014 refinancing to $59.1 million as of September 30, 2016 through
a combination of annual amortization and the required excess cash
flow sweep under the credit agreement, as well as optional
prepayments. Although we expect positive free cash flow generation,
we anticipate it will be lower than historical levels due to lower
EBITDA. Nonetheless, given the reduced interest expense, we project
free cash flow to debt in the range of 10-20% (Moody's adjusted)
over the rating horizon and believe management will prioritize the
use of excess cash to retire debt. We expect Wenner will maintain
good liquidity with sufficient internal resources to meet the 10%
required amortization on the term loan and limited risk of a
covenant violation.”

Rating Outlook

The stable rating outlook reflects our view that the US economy
will continue to grow modestly, and Wenner will manage its costs
and utilize free cash flow to reduce debt such that the restricted
group's total debt to EBITDA leverage is maintained in the 3-4x
range (Moody's adjusted) over the next 12-18 months.

What Could Change the Rating -- Up

An upgrade could occur if Wenner reverses revenue declines and
EBITDA margin erosion (by eliminating operating losses at Men's
Journal and Glixel) to support consistent and expanding free cash
flow generation and a sustained reduction in the restricted group's
total debt to EBITDA leverage below 2.5x (Moody's adjusted).

What Could Change the Rating -- Down

A downgrade could occur if the restricted group's total debt to
EBITDA leverage is sustained above 4.5x (Moody's adjusted) or if
free cash flow were to weaken near or below the required $14.4
million annual term loan amortization. Wenner could also be
downgraded if market share erodes, advertising revenue
deteriorates, liquidity weakens, or the company engages in
leveraging acquisitions or significant shareholder distributions.
To the extent any plaintiff is successful in the pending lawsuits
against the company resulting in significant damage awards or
settlements above Wenner's media liability insurance coverage,
Moody's could lower the rating.

The principal methodology used in this rating was the "Global
Publishing Industry" published in December 2011.

Wenner Media LLC, headquartered in New York, NY, and owned and
controlled by the Wenner family, is a publisher of entertainment
and lifestyle magazines in the United States. Excluding Rolling
Stone, which has a circulation of approximately 1.4 million,
Wenner's Us Weekly and Men's Journal magazines (comprising the
restricted group's assets) generate combined weekly/bi-weekly
circulation of roughly 2.3 million.



WESTPORT HOLDINGS: Taps Stichter Riedel as Legal Counsel
--------------------------------------------------------
Westport Holdings Tampa, Limited Partnership and Westport Holdings
Tampa II Limited Partnership seek approval from the U.S. Bankruptcy
Court for the Middle District of Florida to hire Stichter, Riedel,
Blain & Postler, P.A. as their legal counsel.

The services to be provided by the firm include advising the
Debtors regarding their duties and assist them in formulating a
Chapter 11 plan of reorganization.

The Debtors have agreed to provide a retainer to Stichter Riedel in
the amount of $80,000.

Stephen Leslie, Esq., at Stichter, disclosed in a court filing that
the firm is "disinterested" as defined in section 101(14) of the
Bankruptcy Code.

The firm can be reached through:

     Scott A. Stichter, Esq.
     Stephen R. Leslie, Esq.
     Stichter Riedel Blain & Postler, P.A.
     110 East Madison Street, Suite 200
     Tampa, FL 33602
     Tel: (813) 229-0144
     Fax: (813) 229-1811
     Emails: sleslie@srbp.com
     Email: sstichter@srbp.com

                  About Westport Holdings Tampa

Westport Holdings Tampa, dba University Village, is a care
retirement community in Tampa, Florida. It offers residents villas,
apartments, an assisted living facility and a skilled nursing care
center for their end of life needs.

Westport Holdings Tampa, Limited Partnership and Westport Holdings
Tampa II, Limited Partnership filed chapter 11 petitions (Bankr.
M.D. Fla. Case Nos. 16-8167 and 16-8168) on September 22, 2016. The
Debtors are represented by Scott A. Stichter, Esq. and Stephen R.
Leslie, Esq., at Stichter Riedel Blain & Postler, P.A.


WHITESBURG REALTY: Unsecureds To Get 25% of Net Profits
-------------------------------------------------------
Whitesburg Realty, LLC, filed with the U.S. Bankruptcy Court for
the Eastern District of Kentucky a second amended disclosure
statement for the Debtor's plan of reorganization.

Under the Second Amended Plan, each holder of allowed Class B
Unsecured Claims will receive its distribution equal to its pro
rata share of 25% of the Debtor's net profits from its operations
five years post-confirmation after satisfaction of any allowed
administrative, priority, and tax claims.

Net Profits will mean the cash remaining at calendar year end after
payment of all ongoing company obligations, including costs of
goods, payroll, operating expenses, debt service and leases,
capital expenditures, and taxes.  Net Profits for each year will be
determined and distributions made to the Class B Claims on or
before Sept. 1 of the following year.  The Class B Claims are
impaired.

As reported by the Troubled Company Reporter on Aug. 8, 2016, the
Debtor filed a plan to exit Chapter 11 protection.  Under the
restructuring plan, each creditor holding an unsecured claim in
Class B will receive its distribution equal to its pro rata share
of 100% of Whitesburg's net profits from its operations five years
after confirmation of the plan.

The Second Amended Disclosure Statement is available at:

           http://bankrupt.com/misc/kyeb16-50721-71.pdf

                   About Whitesburg Realty

Whitesburg Realty, LLC, a Kentucky limited liability company, was
established on Feb. 10, 2004.  The sole member of the Debtor is
Jeffrey C.  Ruttenberg.  The Debtor is a landlord to the various
shops and businesses operated at the Whitesburg Plaza.  The Debtor
has several tenants, most notably, Walmart, and several smaller
businesses including a nail salon, fashion retail store and pizza
restaurant.

The Debtor filed a Chapter 11 petition (Bankr. E.D. Ky. Case No.
16-50721) on April 13, 2016.  The petition was signed by Jeffrey C.
Ruttenberg, member.  The Debtor is represented by Jamie L. Harris,
Esq., at Delcotto Law Group PLLC.  

The Debtor estimated assets of $1 million to $10 million and debts
of $1 million to $10 million.  The Debtor listed Wyatt, Tarrant &
Combs, LLP as its largest unsecured creditor holding a claim of
$10,000.

No trustee or examiner has been appointed in this Chapter 11 case,
and no creditors' committee or other official committee has been
appointed.


WIRECO WORLDGROUP: Moody's Hikes Corporate Family Rating to B3
--------------------------------------------------------------
Moody's Investors Service upgraded the ratings of WireCo WorldGroup
Inc. This follows WireCo's announcement on September 30, 2016 that
Onex Corporation completed its investment in WireCo, which includes
a $270 million equity investment, a new $460 million senior secured
first lien term loan facility and a new $135 million senior secured
second lien term loan facility. This concludes the review for
WireCo WorldGroup, Inc. The ratings for WireCo WorldGroup, Inc.
(New) are unchanged.

Moody's will withdraw the ratings on WireCo's senior secured bank
credit facility due 2017 and senior unsecured notes due 2017.

WireCo WorldGroup Inc.

The following ratings were upgraded:

   -- Corporate Family Rating to B3 from Caa1;

   -- Probability of Default Rating to B3-PD from Caa1-PD;

   -- Senior Secured Bank Credit Facility due 2017 to Ba3 (LGD2)
      from B1 (LGD2);

   -- Senior Unsecured Notes due 2017 to Caa1 (LGD5) from Caa2
      (LGD5);

   -- Outlook is Stable from Ratings under Review

Unchanged:

   -- Speculative Grade Liquidity Rating, unchaged at SGL-3;

   -- The ratings will be withdrawn.

The following ratings are unchanged:

   Issuer: WireCo WorldGroup Inc. (New)

   -- Corporate Family Rating, at B3

   -- Probability of Default Rating, at B3-PD

   -- Senior Secured 1st Lien Term Loan, at B3, LGD3

   -- Senior Secured 2nd Lien Term Loan, at Caa2, LGD5

   -- Outlook is Stable

RATINGS RATIONALE

WireCo ratings benefit from its strong market share in providing
high-tension steel and synthetic ropes and wire. The company's
market position as well as its end market, geographical and
customer diversification are credit strengths. Moody's also
recognize WireCo's global footprint as a key credit strength.
WireCo derives over 65% of its revenue from outside of the U.S.,
providing geographic diversity and lessening reliance on any single
economy. The oil and gas end market represents approximately 23% of
total revenue and generally contributes a good source of recurring
revenue given the short replacement cycle for rig lines. However,
rig counts have declined sharply, and demand for the required
specialized steel and synthetic ropes has fallen as well. Moody's
also considers in the ratings on-going weakness in mining, and
relatively flat growth in industrial and infrastructure end
markets. Positively, the fishing end market is strong.

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

WireCo WorldGroup, Inc. ("WireCo"), headquartered in Kansas City,
MO, is a leading global manufacturer and seller of wire ropes,
high-tech synthetic ropes, electromechanical cable, and other
related products. The company sells into diverse industries
including infrastructure, industrials, oil and gas, mining, and
marine and fishing. Revenue for the twelve months ending June 30,
2016, totaled approximately $635 million.


XCEL DEVELOPMENT: Case Summary & 7 Unsecured Creditors
------------------------------------------------------
Debtor: Xcel Development, LLC
        P.O. Box 528
        2145 Route 9W
        Cornwall, NY 12518
        Tel: 845-222-7352

Case No.: 16-36716

Chapter 11 Petition Date: October 5, 2016

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

Judge: Hon. Cecelia G. Morris

Debtor's Counsel: Philip A. Wellner, Esq.
                  THE LAW OFFICES OF PHILIP A. WELLNER, PLLC
                  541 Warren Street
                  Hudson, NY 12534
                  Tel: 518-828-6302
                  E-mail: pwellner@wellner-law.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Christopher Kirwan, managing member.

A copy of the Debtor's list of seven unsecured creditors is
available for free at:

         http://bankrupt.com/misc/nysb16-36716.pdf


YESHIVA OHEL MOSHE: Has Full-Payment Plan; Interest Rate Disputed
-----------------------------------------------------------------
The Honorable Elizabeth S. Stong of the U.S. Bankruptcy Court for
the Eastern District of New York will convene a hearing on Oct. 11,
2016, at 10:30 a.m. to consider approval of Yeshiva Ohel Moshe's
Disclosure Statement pursuant to Sec. 1125 of the Bankruptcy Code.

The Brooklyn-based Yeshiva is proposing a Chapter 11 plan that says
secured and unsecured creditors will be paid in full with
interest.

Unsecured claims are asserted in the amount of about $506,000.
The unsecured claimants will receive payment in full in cash of
allowed amount on the Effective Date, plus interest at the Legal
Rate as it accrues from the Petition Date through the date of
payment.

Prompting the Yeshiva's bankruptcy filing was a foreclosure action
commenced by the secured creditor.

The secured creditor, New York Five Star Equity Corporation,
asserts a claim totaling approximately $5,686,286.  According to
the Disclosure Statement, the Debtor will pay the allowed claim of
arrears and other charges in cash, as required to reinstate the
obligation under 11 U.S.C. Sec. 1124(2) on the Effective Date from
Cash on hand, and thereafter pay the obligation as it comes due.

The Debtor anticipates that the biggest issue in this case will be
whether on reinstatement the Mortgagee is entitled to contract rate
interest or 24% default rate interest

The Mortgagee asserts that it is entitled to 24% default interest
for the entire post-default period for a total due of about
$5,686,286.

The note and mortgage mature in June 2017.  To emerge from
bankruptcy, the Debtor intends to file a Chapter 11 plan that
reinstates the note and mortgage at the non-default contract
interest rate.  At the contract rate of interest the brokerage
account assets will ensure payment to all creditors and payment of
the note mortgage through maturity at which time the Debtor intends
to refinance.

Besides the Property, the Debtor’s most significant asset is a
brokerage account holding stock shares valued at $2,700,000.

A copy of the Disclosure Statement is available at:

  http://bankrupt.com/misc/nyeb16-43681_18_DS_Y_Moshe.pdf

                     About Yeshiva Ohel Moshe

Led by Rabbi Dov Machlis, Yeshiva Ohel Moshe is a non-profit
religious corporation founded in 1929 serving low income
Bensonhurst families.  It operates a synagogue with 400-500
congregants, as well as a school, which provides general and Judaic
studies to up to 100 students from pre-kindergarten through eighth
grade.  The Yeshiva operates from its building at 7914 Bay Parkway,
Brooklyn, New York.

Yeshiva Ohel Moshe filed a Chapter 11 petition (Bankr. E.D.N.Y.
Case No. 16-43681) on August 17, 2016.

The Yeshiva is represented by Mark A. Frankel, Esq., at Backenroth
Frankel & Krinsky LLP.



[*] Birch Lake Holdings, LP, Is Now Open for Business
-----------------------------------------------------
Birch Lake Holdings, LP, and its three principal operating
businesses announced their formation this week.  Birch Lake is a
boutique merchant bank focusing on opportunities to facilitate
operational transformation and improve long-term enterprise value.
Birch Lake will invest in undervalued high-potential companies in
transitional situations and advise corporations and investors on
mergers and acquisitions, financial restructurings and complex
special situations.

Birch Lake is the natural evolution of almost four decades as a
dealmaker in the M&A, restructuring and investment communities and
will leverage a long track record of innovation, creativity and
collaboration working with healthy and distressed companies, their
creditors and investors on a broad range of successful strategic
transactions.

For more information contact:

          Jack Butler
          Chief Executive Officer
          BIRCH LAKE HOLDINGS, LP
          Hyatt Center | Suite 2425
          71 South Wacker Drive
          Chicago, Illinois 60606
          Telephone (312) 757-2330
          E-mail: jack.butler@birchlake.com
          http://www.birchlake.com/


[^] BOOK REVIEW: Lost Prophets -- An Insider's History
------------------------------------------------------
Author: Alfred L. Malabre, Jr.
Publisher: Beard Books
Softcover: 256 pages
List Price: $34.95
Review by Henry Berry

Order your personal copy today at http://is.gd/KNTLyr

Alfred Malabre's personal perspective on the U.S. economy over the
past four decades is firmly grounded in his experience and
knowledge. Economics Editor of The Wall Street Journal from 1969
to 1993 and author of its weekly "Outlook" column, Malabre was in
a singular position to follow the U.S. economy in recent decades,
have access to the major academic and political figures
responsible for economic affairs, and get behind the crucial
economic stories of the day. He brings to this critical overview
of the economy both a lively, often provocative, commentary on the
picture of the turns of the economy. To this he adds sharp
analysis and cogent explanation.

In general, Malabre does not put much stock in economists. "In
sum, the profession's record in the half century since Keynes and
White sat down at Bretton Woods [after World War II] provokes
dismay." Following this sour note, he refers to the belief of a
noted fellow economist that the Nobel Prize in this field should
be discontinued. In doing so, he also points out that the Nobel
for economics was not one originally endowed by Alfred Nobel, but
was one added at a later date funded by the central bank of Sweden
apparently in an effort to give the profession of economists the
prestige and notice of medicine, science, literature and other
Nobel categories.

Malabre's view of economists is widespread, although rarely
expressed in economic circles. It derives from the plain fact
that modern economists, even hugely influential ones such as John
Meynard Keynes, are wrong as many times as they are right. Their
economic theories have proved incomplete or shortsighted, if not
basically wrong-headed. For example, Malabre thinks of the
leading economist Milton Friedman and his "monetarist colleagues"
as "super salespeople, successfully merchandising.an economic
medicine that promised far more than it could deliver" from about
the 1960s through the Reagan years of the 1980s. But the author
not only cites how the economy has again and again disproved the
theories and exposed the irrelevance of wrong-headedness of the
policy recommendations of the most influential economists of the
day. Malabre also lays out abundant economic data and describes
contemporary marketplace and social activities to show how the
economy performs almost independently of the best analyses and
ideas of economists.

Malabre does not engage in his critiques of noted economists and
prevailing economic ideas of recent decades as an end in itself.
What emerges in all of his consistent, clear-eyed, unideological
analysis and commentary is his own broad, seasoned view of
economics-namely, the predominance of the business cycle. He
compares this with human nature, which is after all the substance
of economics often overlooked by professional and academic
economists with their focus on monetary policy, exchange rates,
inflation, and such. "The business cycle, like human nature, is
here to stay" is the lesson Malabre aims to impart to readers
interested in understanding the fundamental, abiding nature of
economics. In Lost Prophets, in language that is accessible and
jargon-free, this author, who has observed, written about, and
explained economics from all angles for several decades,
persuasively makes this point.

In addition to holding a top position at The Wall Street Journal,
Malabre is also the author of the books, Understanding the New
Economy and Beyond Our Means, which received the George S. Eccles
Prize from the Columbia Business School as the best economics book
of 1987.


                            *********

Monday's edition of the TCR delivers a list of indicative prices
for bond issues that reportedly trade well below par.  Prices are
obtained by TCR editors from a variety of outside sources during
the prior week we think are reliable.  Those sources may not,
however, be complete or accurate.  The Monday Bond Pricing table
is compiled on the Friday prior to publication.  Prices reported
are not intended to reflect actual trades.  Prices for actual
trades are probably different.  Our objective is to share
information, not make markets in publicly traded securities.
Nothing in the TCR constitutes an offer or solicitation to buy or
sell any security of any kind.  It is likely that some entity
affiliated with a TCR editor holds some position in the issuers
public debt and equity securities about which we report.

Each Tuesday edition of the TCR contains a list of companies with
insolvent balance sheets whose shares trade higher than $3 per
share in public markets.  At first glance, this list may look like
the definitive compilation of stocks that are ideal to sell short.
Don't be fooled.  Assets, for example, reported at historical cost
net of depreciation may understate the true value of a firm's
assets.  A company may establish reserves on its balance sheet for
liabilities that may never materialize.  The prices at which
equity securities trade in public market are determined by more
than a balance sheet solvency test.

On Thursdays, the TCR delivers a list of recently filed
Chapter 11 cases involving less than $1,000,000 in assets and
liabilities delivered to nation's bankruptcy courts.  The list
includes links to freely downloadable images of these small-dollar
petitions in Acrobat PDF format.

Each Friday's edition of the TCR includes a review about a book of
interest to troubled company professionals.  All titles are
available at your local bookstore or through Amazon.com.  Go to
http://www.bankrupt.com/books/to order any title today.

Monthly Operating Reports are summarized in every Saturday edition
of the TCR.

The Sunday TCR delivers securitization rating news from the week
then-ending.

TCR subscribers have free access to our on-line news archive.
Point your Web browser to http://TCRresources.bankrupt.com/and use
the e-mail address to which your TCR is delivered to login.

                            *********

S U B S C R I P T I O N   I N F O R M A T I O N

Troubled Company Reporter is a daily newsletter co-published
by Bankruptcy Creditors Service, Inc., Fairless Hills,
Pennsylvania, USA, and Beard Group, Inc., Washington, D.C., USA.  
Jhonas Dampog, Marites Claro, Joy Agravante, Rousel Elaine
Tumanda, Valerie Udtuhan, Howard C. Tolentino, Carmel Paderog,
Meriam Fernandez, Joel Anthony G. Lopez, Cecil R. Villacampa,
Sheryl Joy P. Olano, Psyche A. Castillon, Ivy B. Magdadaro, Carlo
Fernandez, Christopher G. Patalinghug, and Peter A. Chapman,
Editors.

Copyright 2016.  All rights reserved.  ISSN: 1520-9474.

This material is copyrighted and any commercial use, resale or
publication in any form (including e-mail forwarding, electronic
re-mailing and photocopying) is strictly prohibited without prior
written permission of the publishers.  Information contained
herein is obtained from sources believed to be reliable, but is
not guaranteed.

The TCR subscription rate is $975 for 6 months delivered via
e-mail.  Additional e-mail subscriptions for members of the same
firm for the term of the initial subscription or balance thereof
are $25 each.  For subscription information, contact Peter A.
Chapman at 215-945-7000 or Nina Novak at 202-362-8552.

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