TCR_Public/161118.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, November 18, 2016, Vol. 20, No. 322

                            Headlines

36 WEST 38TH: Selling Assets at Auction on Jan. 17
ACCREDITED HOME: REIT Declares Final Liquidating Distribution
AEROGROW INTERNATIONAL: Incurs $1.44 Million Net Loss in 3rd Qtr.
AETHLON MEDICAL: Incurs $2.25 Million Net Loss in Second Quarter
AMERICAN REALTY: Texas Judge Issues Sanctions Over Deposition

AMPLIPHI BIOSCIENCES: Files Amended Form S-1 Prospectus with SEC
AMPLIPHI BIOSCIENCES: Incurs $3.58-Mil. Net Loss in Third Quarter
APOLLO MEDICAL: Unit Inks Stock Purchase Agreement with Bay Area
ATINUM MIDCON: Wants Case Converted to Chapter 7 Liquidation
B FISCHER INDUSTRIES: Hires Lindquist-Kleissler as Counsel

BARLEN PG: Selling Equipment to Pay IRS's Claims
BELK INC: Bank Debt Trades at 10% Off
BERNARD L. MADOFF: SIPA Trustee Can't Reargue Dismissal of Claims
BERNARD SLOANE GLIEBERMAN: Court Orders Ch. 11 Trustee Appointment
BIOSTAGE INC: Incurs $3.05 Million Net Loss in Third Quarter

BIRMINGHAM COAL: Hallmark Buying 2010 Chevrolet Avalanche for $18K
BMC MASONRY: Selling All Assets and Property at Auction
BOMBARDIER INC: Moody's Assigns B3 Rating on New Sr. Unsec. Notes
CANCER GENETICS: Incurs $3.74 Million Net Loss in Third Quarter
CHARLES STREET: Objections to OneUnited's Claim Overruled

CHARLIE BROWN'S: U.S. Trustee Unable to Appoint Committee
COATES INTERNATIONAL: Incurs $4.43-Mil. Net Loss in Third Quarter
COBALT INTERNATIONAL: Inks Separation Agreement with J. Farnsworth
DELCATH SYSTEMS: Incurs $1 Million Net Loss in Third Quarter
DEXTERA SURGICAL: Incurs $3.95 Million Net Loss in Sept. 30 Quarter

DOLLAR MART GROCERY: U.S. Trustee Unable to Appoint Committee
DOLPHIN DIGITAL: Inks Purchase Agreement with T Squared
DON GREEN: Case Summary & 12 Unsecured Creditors
DOOSAN BOBCAT: Moody's Affirms B1 CFR & Revises Outlook to Pos.
ENERGY FUTURE: Required to Pay Make-Whole, Third Circuit Rules

ENERGY FUTURE: Third Circuit Issues Ruling on Indenture Notes
ERIN ENERGY: Delays Filing of Third Quarter Form 10-Q
FIVE-R EXCAVATING: Plan Filing Period Extended to Nov. 23
FOUNTAINS OF BOYNTON: Creditor Seeks Appointment of Ch. 11 Trustee
GETTY IMAGES: Bank Debt Trades at 15% Off

GRACE GEMS GALLERIA: Betancourt-Jones Buying Personalty for $40,000
GRISHAM FARM: Case Summary & 20 Largest Unsecured Creditors
HELDRICH CENTER: Moody's Affirms Caa1 Rating on 2 Bonds
HIGHLANDS OF MEMPHIS: Can Use Cash Collateral Until Nov. 22
HILTZ WASTE: Can to Use First Ipswich Bank Cash on Interim Basis

HIMA-KUNAL LLC: Court Extends Plan Filing Period to Feb. 21
HOOPER HOLMES: Incurs $2.05 Million Net Loss in Third Quarter
ILLINOIS POWER: Incurs $66 Million Net Loss in Third Quarter
ILSUNG CORP: Completes Rehabilitation, Exits Court Receivership
INFORMATICA CORP: Bank Debt Trades at 3% Off

INSTITUTE OF CARDIOVASCULAR: Wants Feb. 14 Plan Filing Extension
INTERTAIN GROUP: Moody's Affirms B2 CFR, Outlook Remains Stable
INTERVENTION ENERGY: Fails to Comply with Stipulation, EIG Says
INTERVENTION ENERGY: Nov. 22 Hearing on Bid to Extend Exclusivity
INTREPID POTASH: Intrepid Holds 15.3% Stake as of Nov. 8

ITT EDUCATIONAL: Nantahala No Longer Owns Shares as of Oct. 31
J. CREW: Bank Debt Trades at 29% Off
JHB #052 LLC: Case Summary & 7 Unsecured Creditors
JOAQUIN SILER: Sale of Oil Fields Property for $90,000 Approved
KEY ENERGY: Court Allows Cash Collateral Use on Final Basis

KID'S FIRST: U.S. Trustee Unable to Appoint Committee
KLN STEEL: Court Allows Use of Frost Bank Cash on Interim Basis
LD INTERMEDIATE: Moody's Assigns B3 CFR & Rates $30MM Facility B2
LEARNING ENHANCEMENT: JZA Buying Assets for $630,000
LIME ENERGY: Common Stock Delisted from NASDAQ

LINDENHURST PARK: Moody's Raises Rating on GO Bonds to Ba3
LPATH INC: Incurs $3.70 Million Net Loss in Third Quarter
MARILYN BERNARDI: DOJ Watchdog Directed to Appoint Ch. 11 Trustee
MEADOWS AT CYPRESS: U.S. Trustee Unable to Appoint Committee
MEDIACOM COMMUNICATIONS: Moody's Affirms Ba3 CFR; Outlook Positive

MERCHANTS BANKCARD: Has Until Nov. 29 to Use Cash Collateral
METRO-GOLDWYN-MAYER: Moody's Raises CFR to Ba1, Outlook Stable
MISONIX INC: Receives Nasdaq Deficiency Letter on Delayed 10-Q
MPH ACQUISITION: Moody's Retains B2 CFR on Unsec. Notes Add-On
MPH ACQUISITION: S&P Affirms 'B+' CCR After Proposed $460MM Add-On

NAS HOLDINGS: Can Use BB&T Cash Collateral Until Nov. 30
NEIMAN MARCUS: Bank Debt Trades at 9% Off
NEPHROS INC: Incurs $706K Net Loss in Third Quarter
NEW STREAMWOOD: Can Use Olympic Waterfall Cash Until Dec. 9
NORDIC INTERIOR: Has Until Feb. 13 to File Reorganization Plan

NOVABAY PHARMACEUTICALS: Incurs $3.73 Million Net Loss in 3rd Qtr.
NTHRIVE INC: Moody's Affirms B3 CFR; Outlook Remains Stable
ODYSSEY CONTRACTING: Plan Filing Period Extended to Jan. 23
PAWS AND CLAWS: U.S. Trustee Unable to Appoint Committee
PEACOCK ENGINEERING: Moody's Puts B2 CFR on Review for Upgrade

PENNHILL FARMS: Sale of Equipment Trailer to Todd for $1.5K Okayed
PENNHILL FARMS: Sale of Ford F-250 Truck to Bissett for $5K Okayed
PENNHILL FARMS: Sale of New Holland TC45 Tractor for $12K Approved
PERFORMANCE SPORTS: S&P Affirms Then Withdraws 'D' CCR
PETTY FUNERAL: Use of ReadyCap Lending Cash on Interim Basis OK

PICO HOLDINGS: Is UCP America's Worst Builder? Bloggers Ask
PORTOFINO TOWERS: Jan. 17 Plan Filing Period Extension Approved
Q AND Q REALTY: Cash Collateral Use Hearing on Dec. 7
RICHARD LUTZ: Creditor Seeks Appointment of Ch. 11 Trustee
S&S SCREW: Has Until Feb. 9 to Use Regions Bank Cash Collateral

SERVE & EDUCATE: Wants to Use Rosier Joint Trust Cash Collateral
SITEONE LANDSCAPE: Moody's Retains B1 CFR on Loan Repricing
SMILES AND GIGGLES: U.S. Trustee Unable to Appoint Committee
SPECTACULARX INC: Seeks to Use Compass Bank Cash Collateral
STERNSCHNUPPE LLC: Court Allows Use of IRS Cash Collateral

STEVEN ANCONA: DOJ Watchdog Names M. O'Toole as Ch. 11 Trustee
STONE ENERGY: S&P Lowers CCR to 'D' on Missed Interest Payment
SUNEDISON INC: In Settlement Talks With Terraform
SYNIVERSE TECHNOLOGIES: $700MM Bank Debt Trades at 11% Off
SYNIVERSE TECHNOLOGIES: $911MM Bank Debt Trades at 11% Off

TCC GENERAL: Allowed to Use Cash Collateral Through Feb. 17
TEREX CORP: Moody's Affirms B1 CFR; Outlook Negative
TEREX CORP: S&P Revises Outlook to Neg. & Affirms 'BB' CCR
VASSALLO INTERNATIONAL: Case Summary & 20 Top Unsecured Creditors
VERMILLION INC: Incurs $3.47 Million Net Loss in Third Quarter

VKI VENTURES: Court Extends Plan Filing Period to Jan. 30
WALTER H. BOOTH: Case Summary & 7 Unsecured Creditors
WATCO COS: S&P Lowers Rating on Sr. Unsecured Notes to 'B-'
WEATHERFORD INT'L: Moody's Rates New $500MM Sr. Unsec. Notes Caa1
ZIP'S WISEGUYS: Wants Court Approval for Cash Collateral Use

[*] EisnerAmper Ranks 2nd in Top Crisis Management Firms Category
[*] JND Corporate Restructuring Completes Complex Restructurings
[^] BOOK REVIEW: Risk, Uncertainty and Profit

                            *********

36 WEST 38TH: Selling Assets at Auction on Jan. 17
--------------------------------------------------
Judge James L. Garrity of the U.S. Bankruptcy Court for the
Southern District of New York will convene a hearing on Nov. 17,
2016, at 10:00 a.m. to consider 36 West 38th Street, LLC's
procedures for the auction and sale of the real estate and related
rights, privileges and appurtenances owned by the Debtor located at
34-36 West 38th Street, New York, New York ("36 West Asset") at an
auction on Jan. 17, 2017.

Any response or objections to the Motion will be made at or before
the Bid Procedures Hearing.

The Court has confirmed the Debtors' First Amended Joint
Liquidating Plan Dated Dec. 2, 2015, that contemplates and approves
the sale of the 36 West Asset and distribution of the cash proceeds
to creditors and then interest-holders in order of priority on or
after the Effective Date of the Plan.

On Sept. 8, 2015, the Debtor filed a motion seeking approval of
Hansji Corp. as a stalking horse bidder and certain sale and bid
procedures for a sale of the Debtor's assets.  Following the filing
of the motion, and prior to hearing thereon, Hansji terminated the
proposed stalking horse agreement pursuant to section 9 thereof.

On Dec. 8, 2015, the Court entered an order confirming the Plan,
which provides, among other things, that if a sale of the 36 West
Asset has not been consummated by the date the Confirmation Order
is entered, then pursuant to section 1123(a)(5)(D) of the
Bankruptcy Code, the Debtor will consummate the sale of the 36 West
Asset free and clear of all claims, liens, charges, encumbrances,
rights and interests pursuant to a sale agreement and the terms of
an Order approving the sale procedures.

The Debtor, through its court-approved real estate advisor,
RobertDouglas ("RD"), has attempted to enter into a new purchase
agreement for the 36 West Asset with a replacement stalking horse
buyer in order to facilitate a sale.  Following the Petition Date,
RD has sought bidders willing to enter into an agreement at a bid
price that will insure that, at a minimum, the administrative costs
of the Chapter 11 Case and the secured claims of the UBS Lender and
other parties are paid in full through the sale.

Although several entities have submitted letters of intent and
engaged in a markup of the 36 West Sale Agreement at sufficient
price levels, no prospective buyer has been willing to make the
irrevocable non-contingent commitment and purchase deposit that
would be required of a stalking horse bidder.

The Debtor believes that setting the date on which an Auction will
occur, remarketing the property and providing all bidders with the
opportunity to bid in incremental amounts over $19,000,000, will
deliver the highest and best price for the 36 West Asset.

Pursuant to and subject to the proposed Sale Procedures, if an
interested purchaser demonstrates that it has the financial ability
to close a transaction and executes the 36 West Sale Agreement, or
Modified 36 West Sale Agreement which provides for an irrevocable,
non-contingent commitment to purchase the 36 West Asset at a
minimum bid price and a nonrefundable deposit, the bidder will be
qualified to bid at the Auction.  All prospective purchasers shall
be required to bid using the form 36 West Sale Agreement.

The salient terms of the 36 West Sale Agreement are:

    a. Purchase Price: The minimum purchase price for the 36 West
Asset will at least $19,250,000 with the final price determined at
the Auction.

    b. Assets to be Sold: The Seller is selling the 36 West Asset
"as is, where is," without representations and warranties (other
than as specifically set forth in the 36 West Sale Agreement) along
with all appurtenances; improvements; and to the extent obtained by
the Debtor and assignable, all licenses and other agreements
related to the 36 West Asset in effect at the time of the Sale
closing.   The 36 West Asset will be sold free and clear of any
claims, liens, charges, encumbrances, rights, and interests with
such claims, liens, charges, encumbrances, rights and interests
attaching to the proceeds of the sale.

    c. Costs and Expenses: Except as set forth in the 36 West Sale
Agreement, all closing costs will be allocated in accordance with
the custom in the county in which the 36 West Asset is located with
respect to the purchase and sale of similar types of properties.
Except as otherwise specifically set forth or in the 36 West Sale
Agreement, generally, each party will be responsible for its own
legal and accounting expenses incurred in connection with the
sale.

Pursuant to the Plan, the Confirmation Order constitutes an Order
approving the sale pursuant to the 36 West Sale Agreement or
Modified 36 West Sale Agreement, as applicable.

The Debtor has hired, and the Court has approved the employment of,
RD to market the 36 West Asset.  Contemporaneous with the filing of
the Motion, the Debtor has filed an application seeking to employ
Cushman & Wakefield ("CW") as an additional real estate advisor to
assist in the marketing and sale of the 36 West Asset.  RD and CW
have successfully collaborated on other advisory assignments and
will work closely and consult with one another to minimize
duplication and costs to the Debtor's estate.

As part of the marketing efforts, subject to the Court's approval,
the 36 West Asset will be for sale for an additional approximately
60 days after entry of the order approving the Sale Procedures.
The Debtor submits that this timeframe is sufficient based on
feedback it has received from the Real Estate Advisors regarding
the constraints of the holiday season and the current state of the
market where the 36 West Asset is situated.

Throughout November 2014, RD prepared marketing materials for the
marketing and sale efforts of the 36 West Asset and the properties
owned by the three affiliated Debtors, 33 Peck Slip Acquisition,
LLC, Gemini 37 West 24th Street MT, LLC and 52 West 13th P, LLC
("Properties").  The initial marketing effort for the 36 West Asset
and the other Properties was commenced on Dec. 16, 2014.  Based on
these efforts, RD received 17 qualified offers for the Properties.
Seven of the offers were for the 36 West Asset, ranging in value
from $18,500,000 to $25,500,000.

Given the time that has elapsed from the initial marketing effort,
the Real Estate Advisors will commence an entirely new marketing
process for the 36 West Asset after Court approval of the Motion.

The key provisions of the proposed Sale Procedures, but are
qualified in their entirety by reference to the actual Sale
Procedures are:

    a. Bidding Requirements: To the extent no Qualified Bid is
received by the Bid Deadline, the UBS Lender has agreed to make a
minimum credit bid of $19,000,000 for the 36 West Asset and retains
all rights to credit bid as set forth under Bankruptcy Code section
363(k).  For any potential bidder who wishes to participate and
submit an "Acceptable Bid" with respect to the 36 West Asset, must
satisfy a bid for the 36 West Asset in its entirety for a cash
price equal to or greater than $19,250,000; a "Modified 36 West
Sale Agreement."

    b. Good Faith Deposit: A cash deposit or cashier's check in the
amount of $1,925,000, which Escrow Agent—Kensington Vanguard
National Land Services will hold in a segregated account containing
only deposits received from Acceptable Bidders and will be subject
to the terms set forth in paragraph 10 of the Sale Procedures.

    c. Bid Deadline: Jan. 10, 2017, at 4:00 p.m. (ET)

    d. Determination of Qualified Bids and Bidders: Jan. 13, 2017
at 4:00 p.m. (ET).

    e. Auction: The Auction will take place on Jan. 17, 2017 at
10:00 a.m. (ET) in Courtroom 601 of the United States Bankruptcy
Court for the Southern District of New York, One Bowling Green, New
York, New York.

    f. Successful Bid andd Bidder: The highest or best offer
submitted at the Auction from among the Qualified Bidders and the
UBS Lender.  Qualified Bidder submitting such Successful Bid will
become the Successful Bidder.

    g. Next Highest Bid and Bidder: The UBS Lender or the Qualified
Bidder(s) who submitted the Next Highest Bid.

    h. Auction Closing: The close of the Auction will be formally
announced by the Debtor, and no bids made after such announcement
will be eligible to be considered a Successful Bid.  At the
conclusion of the Auction, the Debtor will immediately request that
the Court approve the credit bid of the UBS Lender or the 36 West
Sale Agreement as modified at the Auction.

    i. The Debtor will arrange for the actual bidding at the
Auction to be transcribed by a court reporter.

    j. Sale Approval: Upon approval of the Successful Bid following
the Auction, the Sale will be deemed approved pursuant to the
Plan.

    k. Closing: The closing to the Successful Bidder shall take
place at the offices of counsel to the Debtor Robins Kaplan LLP,
601 Lexington Blvd, New York, New York on Feb. 28, 2017.

    l. Return of Good Faith Deposit: Good Faith Deposits submitted
by Qualified Bidders (other than the Successful Bidder and the Next
Highest Bidder, if applicable) that have not been forfeited shall
be returned within 2 business days of the Auction or such other
time agreed upon by the Qualified Bidder and the Debtor.  The Good
Faith Deposit of the Successful Bidder will be held until the
closing of the Sale and applied in accordance with the 36 West Sale
Agreement or the Modified 36 West Sale Agreement, as applicable.  

Within 2 business days of the closing of the Sale under the 36 West
Sale Agreement or the Modified 36 West Sale Agreement, the Good
Faith Deposit of the Next Highest Bidder will be returned to such
Next Highest Bidder.

A copy of the 36 West Sale Agreement and the Bidding Procedures
attached to the Motion is available for free at:

             http://bankrupt.com/misc/36_West_38th_49_Sales.pdf

To the extent the Debtor does not receive any Qualified Bids for
the 36 West Asset, the UBS Lender has agreed to make a minimum
credit bid of $19,000,000 for the 36 West Asset.  The UBS Lender
has also agreed that it will consent to a surcharge of its
collateral under Bankruptcy Code section 506(c) and administrative
"Carve-Out" to the extent that the sale proceeds are not sufficient
to pay all Other Secured Claims and Administrative Claims in full.


Specifically, with the consent of the UBS Lender, if the proceeds
of the sale are insufficient to pay the UBS Lender, the Other
Secured Claims, and Administrative Claims, then amounts, as
necessary to pay the Other Secured Claims and Administrative Claims
in full, shall either: (a) be deducted from the Purchase Price paid
by a Qualified Bidder prior to paying the UBS Lender; or (b)
contributed in cash by the UBS Lender in the event the UBS Lender's
credit bid is the only or the Successful Bid.

Pursuant to the Cash Collateral Order, the Debtor and the UBS
Lender agreed upon, and the Court approved, the calculation of and
interest and other rates to be applied in determining the amounts
owed to the UBS Lender upon any sale of the 36 West Asset.  To the
extent the 36 West Asset is sold and the UBS Lender is paid in full
on the date of the Auction, Jan. 17, 2017, the UBS Lender would be
owed a total of $23,146,669 ("Maximum UBS Credit Bid"), which
amount may increase based on the timing of the Closing.  Any
proposed Sale of the 36 West Asset at a price below the Maximum UBS
Credit Bid would be subject to the UBS Lender's right to credit bid
as set forth in Bankruptcy Code section 363(k).

The Debtor is aware of these alleged Other Secured Claims totalling
$240,146: (i) ZDG, LLC claims that $125,166 is owing for work
performed by ZDG as the Construction Manager and certain
sub-contractors and as evidenced by a mechanic's lien filed on Nov.
5, 2015; (ii) Ettinger Engineering Associates claims to be owed
$13,750 for work performed and as evidenced by a mechanic's lien
filed on Nov. 4, 2015; and (iii) IBK Construction Group, LLC claims
to be owed (i) $85,000 for work performed and as evidenced by a
mechanic's lien filed on Aug. 7, 2015 and (ii) $16,230 for work
performed and as evidenced by a mechanic's lien filed on Dec. 23,
2015.

The Debtor, RD, CW and the UBS Lender have agreed to these
Carve-Out for Administrative Claim amounts:

    a. ZDG filed an administrative claim alleging that $12,253 is
owed to ZDG as the Construction Manager under that certain Standard
Form of Agreement Between Owner and Construction Manager as
Contractor dated Nov. 27, 2013 ("ZDG Administrative Claim");

    b. Robins Kaplan LLP, as Bankruptcy Counsel to the Debtor, has
agreed to cap its fees and expenses and accept, subject to
Bankruptcy Court approval, $450,000 for work performed and expenses
incurred in the Chapter 11 Case;

    c. RD, as Real Estate Advisor to the Debtor, has agreed to
waive the 1% Advisory Fee that it would receive in connection with
the sale in the event that no Qualified Bids are received, and
accept, subject to final Court approval to the extent required by
the RobertDouglas Retention Order, an Advisory Fee of $25,000 plus
the reimbursement of all out-of-pocket expenses, provided that such
out-of-pocket expenses will not exceed $20,000; and

    d. CW, as Real Estate Advisor to the Debtor, has agreed to
waive the 1% Advisory Fee that it would receive in connection with
the Sale in the event that no Qualified Bids are received, and
accept, subject to final Court approval to the extent required by
the Court's order approving CW's employment, an Advisory Fee of
$25,000 plus the reimbursement of all out-of-pocket expenses,
provided that such out-of-pocket expenses will not exceed $20,000.

In addition, the Debtor projects that it may owe up to $50,000 in
quarterly fees to the United States Trustee ("UST") under Section
1930 of Title 28 of the United States Code, which amounts will be
set aside and reserved for payment to the UST within 10 days of the
date such amounts are due, with any amounts in excess of the
amounts owed to the UST being returned to the UBS Lender.

To the extent that all Allowed Claims will not be paid in full from
the Purchase Price, the Debtor may separately seek other relief,
including a motion to amend or modify the Plan under section 1127
of the Bankruptcy Code and the Plan will be amended to provide for
payment of all administrative priority claims as required for
confirmation of the Plan pursuant to section 1129(a)(9).  After
modification and confirmation under Bankruptcy Code sections
1127(b) and 1129, the sale will proceed under the Plan as
modified.

At or prior to the Auction, the Debtor will evidence by
declaration, attesting that all negotiations with any bidder or
potential purchaser were without collusion, in good faith,
arm's-length and reflect terms that are fair and reasonable.
Accordingly, at the hearing following the Auction, the Debtor asks
that the Court grant section 363(m) protections as set forth on the
record at, or prior to, the Auction.

In addition, the Debtor asks that, following the Auction, the Court
approve, to the extent applicable, the Successful Bid and
Successful Bidder as well as the Next Highest Bid and Next Highest
Bidder and grant section 363(m) protections on the terms set forth
on the record of the Auction.

Counsel for the Debtor:

          David B. Shemano, Esq.
          ROBINS KAPLAN LLP
          601 Lexington Avenue
          Suite 3400
          New York, NY 10022-4611
          Telephone: (212) 980-7400
          Facsimile: (212) 980-7499

                  - and -

          Scott F. Gautier, Esq.
          Lorie A. Ball, Esq.
          ROBINS KAPLAN LLP
          2049 Century Park East
          Suite 3400
          Los Angeles, CA 90067-3208
          Telephone: (310) 552-0130
          Facsimile: (310) 229-5800

36 West 38th Street, LLC, sought Chapter 11 protection (Bankr.
S.D.N.Y. Case No. Case No. 15-12480) on Sept. 3, 2015.


ACCREDITED HOME: REIT Declares Final Liquidating Distribution
-------------------------------------------------------------
Pursuant to the Plan of Liquidation approved by shareholders on
Jan. 17, 2013, the Board of Trustees of Accredited Mortgage Loan
REIT Trust ("Accredited REIT") has declared an additional
liquidating distribution to the holders of its 9.75% Series A
Perpetual Cumulative Preferred Shares in the aggregate amount of
$286,557, representing $0.07 per preferred share outstanding.  This
additional liquidating distribution will be paid on December 22,
2016, to holders of record of its preferred shares as of the close
of business on November 28, 2016.  Upon completion of this
additional liquidating distribution, Accredited REIT will have
distributed an aggregate of $78,926,112, or $19.27 per share, to
its preferred shareholders since confirmation of the Fifth Amended
Chapter 11 Plan of Liquidation ("Fifth Amended Plan") approved on
May 24, 2011, by the U.S. Bankruptcy Court for the District of
Delaware in the matter styled In Re: Accredited Home Lenders
Holding Co., et al., Case No. 09-11516.

Accredited REIT's previous distribution on October 28, 2016, was
then expected to be the final liquidating distribution to its
preferred shareholders.  The current additional distribution is the
result of actual expenses subsequently incurred being less than
estimated.  No further distributions are anticipated. Accredited
REIT intends to file a notice of termination with the Maryland
State Department of Assessment and Taxation promptly following this
additional distribution.

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

                      About Accredited Home

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

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

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


AEROGROW INTERNATIONAL: Incurs $1.44 Million Net Loss in 3rd Qtr.
-----------------------------------------------------------------
Aerogrow International, Inc., filed with the Securities and
Exchange Commission its quarterly report on Form 10-Q disclosing a
net loss attributable to common shareholders of $1.44 million on
$2.24 million of net revenue for the three months ended Sept. 30,
2016, compared to net income attributable to common shareholders of
$11,000 on $1.09 million of net revenue for the three months ended
sept. 30, 2015.

For the six months ended Sept. 30, 2016, the Company reported a net
loss attributable to common shareholders of $3.02 million on $4.39
million of net revenue compared to a net loss attributable to
common shareholders of $989,000 on $2.66 million of net revenue for
the six months ended Sept. 30, 2015.

As of Sept. 30, 2016, Aerogrow had $9.38 million in total assets,
$8.04 million in total liabilities and $1.34 million in total
stockholders' equity.

"We've made substantial progress during the first half of our
fiscal year 2017 -- and this progress accelerated during the second
quarter," said President and CEO J. Michael Wolfe.  "Net sales for
the Company were up 106% for the quarter and now stand at +65% for
the year.  Our sales growth has been driven by strong gains in both
our retail and direct response businesses -- up 162% and 42%
respectively in the quarter.  Our retail business experienced solid
growth with Amazon, our largest account as well as good traction at
new partners such as Sur La Table, Williams-Sonoma, Ace Hardware
and others.  All of this led to cutting our quarterly EBITDA loss
by over half from last year -- which represents a very solid start
for our fiscal year, especially as we enter our traditionally
strong selling season.

"Beyond the quarter's financial results, we've also made excellent
progress in our product development efforts.  In just the past week
we've introduced the world's first Wi-Fi enabled indoor garden
along with a series of gardens that perform better than ever and
feature colorful, high-end finishes.  I think you'll see that our
new products are as innovative as they are beautiful.

"We now turn our attention to the critical fall and holiday selling
season with high visibility promotions at Amazon, QVC and other
direct retailers and chain-wide roll-outs at Bed Bath & Beyond and
Sur La Table.  We are in better shape than we've ever been with
respect to our supply chain and we're poised to significantly
increase our media spend vs. last year as we build consumer
awareness of the AeroGarden brand.  We believe that the cumulative
result of these efforts have put us in a position to continue our
strong momentum throughout fiscal 2017 and beyond."

A full-text copy of the Form 10-Q is available for free at:

                     https://is.gd/30bXnT

                        About AeroGrow
  
Boulder, Colo.-based AeroGrow International, Inc., is a developer,
marketer, direct-seller, and wholesaler of advanced indoor garden
systems designed for consumer use and priced to appeal to the
gardening, cooking, and healthy eating, and home and office decor
markets.

Aerogrow reported a net loss attributable to common shareholders of
$1.22 million on $19.61 million of net revenue for the year ended
March 31, 2016, compared to a net loss attributable to common
shareholders of $1.54 million on $17.9 million of net revenue for
the year ended March 31, 2015.


AETHLON MEDICAL: Incurs $2.25 Million Net Loss in Second Quarter
----------------------------------------------------------------
Aethlon Medical, Inc., filed with the Securities and Exchange
Commission its quarterly report on Form 10-Q disclosing a net loss
attributable to common stockholders of $2.25 million on $387,438 of
revenues for the three months ended Sept. 30, 2016, compared to a
net loss attributable to common stockholders of $1.22 million on
$188,366 of revenues for the three months ended Sept. 30, 2015.

For the six months ended Sept. 30, 2016, the Company reported a net
loss attributable to common stockholders of $4.38 million on
$392,073 of revenues compared to a net loss attributable to common
stockholders of $2.40 million on $380,874 of revenues for the same
period during the prior year.

As of Sept. 30, 2016, the Company had $950,835 in total assets,
$1.08 million in total liabilities and a total deficit of
$133,386.

A full-text copy of the Form 10-Q is available for free at:

                      https://is.gd/FrELbG

                          About Aethlon

Aethlon Medical, a medical device company, focuses on creating
devices for the treatment of cancer, infectious diseases, and other
life-threatening conditions.  It develops Aethlon Hemopurifier, a
medical device that targets the elimination of circulating viruses
and tumor-secreted exosomes that promote cancer progression.  The
company's Aethlon Hemopurifier is intended for the treatment of
antiviral drug-resistance in hepatitis-C virus and human
immunodeficiency virus infected individuals; serves as a
countermeasure against viral pathogens not addressed by drug or
vaccine therapies; and represents the therapeutic strategy to
address cancer promoting exosomes.  It also develops exosome-based
products to diagnose and monitor cancer, infectious diseases, and
neurological disorders; and is developing a medical device to
reduce the incidence of sepsis in combat-injured soldiers.  The
company was founded in 1991 and is based in San Diego, California.

Aethlon reported a net loss attributable to common stockholders of
$4.87 million for the year ended March 31, 2016, compared to a net
loss attributable to common stockholders of $6.79 million for the
year ended March 31, 2015.

Squar Milner LLP (formerly Squar, Milner, Peterson, Miranda &
Williamson, LLP), in San Diego, California, issued a "going
concern" qualification on the consolidated financial statements for
the year ended March 31, 2016, citing that during 2015 the Company
incurred a net loss and generated negative cash flows from
operating activity and as of March 31, 2016 had an accumulated
deficit of approximately $86,502,000.  These factors raise
substantial doubt about the Company's ability to continue as a
going concern.


AMERICAN REALTY: Texas Judge Issues Sanctions Over Deposition
-------------------------------------------------------------
Alex Wolf, writing for Bankruptcy Law360, reported that a Texas
federal judge issued tailored sanctions against American Realty
Investors Inc. in a $63 million real estate suit over a deposition
for which the company's vice president was not adequately prepared
and company counsel allegedly objected hundreds of times, ordering
that another deposition be held.  Sanctions were sought by
plaintiffs David M. Clapper and Michigan-based Atlantic Midwest
LLC, who have accused ARI of diverting money through bankruptcy to
avoid paying a $63 million judgment over a soured apartment complex
deal.

According to a 2014 report by Jeremy Heallen, writing for
Bankruptcy Law360, Clapper said ARI pursued bogus bankruptcy
filings in Nevada, Georgia and Texas while transferring holdings to
various subsidiaries and trusts to prevent Clapper from collecting
on the award, which a federal judge handed down after a jury
concluded ARI backed out of a deal to buy eight apartment
complexes.

                    About American Realty Trust

Dallas, Texas-based American Realty Trust, Inc., is a subsidiary
of the real estate giant American Realty Investors Inc.  Coping
with a $73 million legal judgment from an apartment purchase that
collapsed more than a decade ago, American Realty Trust, Inc.,
filed for Chapter 11 protection (Bankr. D. Nev. Case No. 12-10883)
in Las Vegas on Jan. 26, 2012.  The case was later dismissed on
Aug. 1, 2012, by Judge Mike K. Nakagawa.  Creditors David M.
Clapper, Atlantic XIII, LLC, and Atlantic Midwest, LLC, sought the
dismissal, citing, among other things, the Debtor has been
stripped of assets prepetition and its ownership structure changed
10 days before the bankruptcy filing in an admitted effort to
avoid disclosures to the Securities and Exchange Commission.

American Realty Trust then filed for Chapter 11 protection (Bankr.
N.D. Ga. Case No. 12-71453) on Aug. 29, 2012.  Bankruptcy Judge
Barbara Ellis-Monro presided over the case.  Bryan E. Bates, Esq.,
and Gary W. Marsh, Esq. at McKenna Long & Aldridge, LLP
represented the Debtor in its restructuring effort.  The petition
was signed by Steven A. Shelley, vice president.

The Debtor has scheduled assets totaling $79,954,551, comprised
of: (i) real property valued at $87,884; (ii) equity interests in
affiliated entities of an unknown value; and (iii) litigation
claims valued at $79,866,667.  The Debtor has scheduled
liabilities totaling $85,347,587.95, comprised of: (i) $10,437.73
in unsecured priority tax claims; and (ii) unsecured non-priority
claims of $85,336,886.61 (of which at least $77,164,701.14 are
contested litigation claims against the Debtor).

The bankruptcy case was later transferred from Atlanta to Dallas
(Bankr. N.D. Tex. Case No. 13-30891) effective Feb. 22, 2013.
Lenders Atlantic XIII, L.L.C., Atlantic Midwest, L.L.C., David M.
Clapper, Atlantic Limited Partnership XII, and Regional Properties
Limited Partnership sought the transfer of the case because a
lawsuit with the Debtor was pending in Dallas.

Months later, the Dallas Court authorized American Realty Trust to
employ Gerrit M. Pronske and Pronske & Patel, P.C. as counsel.
The Court approved the withdrawal of McKenna Long & Aldridge LLP
and substitution of counsel.  The Debtor engaged Pronske & Patel
after the case was transferred to the Northern District of Texas.


AMPLIPHI BIOSCIENCES: Files Amended Form S-1 Prospectus with SEC
----------------------------------------------------------------
AmpliPhi Biosciences Corporation filed with the Securities and
Exchange Commission an amendment no. 3 to its Form S-1 registration
statement relating to the offering of 5,300,000 shares of its
common stock and warrants to purchase an aggregate of 5,300,000
shares of its common stock (and the shares of common stock that are
issuable from time to time upon exercise of the warrants).

Each share of common stock is being sold together with a warrant to
purchase one share of the Company's common stock, at an exercise
price of $___ per share.  The warrants will be exercisable
immediately and will expire five years from the date of issuance.
The shares of common stock and warrants can only be purchased
together in this offering but will be issued separately and will be
immediately separable upon issuance.

The Company's common stock is listed on the NYSE MKT under the
symbol "APHB."  On Nov. 8, 2016, the last reported sale price of
the Company's common stock on the NYSE MKT was $1.00 per share.
There is no established public trading market for the warrants, and
the Company does not expect a market to develop.  In addition, the
Company does not intend to apply for a listing of the warrants on
any national securities exchange.

A full-text copy of the Form S-1/A is available for free at:

                      https://is.gd/BSkHcM
       
                          About AmpliPhi

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

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

As of Sept. 30, 2016, the Company had $26.03 million in total
assets, $7.80 million in total liabilities and $18.22 million in
total stockholders' equity.

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


AMPLIPHI BIOSCIENCES: Incurs $3.58-Mil. Net Loss in Third Quarter
-----------------------------------------------------------------
Ampliphi Biosciences Corporation filed with the Securities and
Exchange Commission its quarterly report on Form 10-Q disclosing a
net loss attributable to common stockholders of $3.58 million on
$29,000 of revenue for the three months ended Sept. 30, 2016,
compared to a net loss attributable to common stockholders of $1.72
million on $143,000 of revenue for the three months ended Sept. 30,
2015.

For the nine months ended Sept. 30, 2016, the Company reported a
net loss attributable to common stockholders of $14.77 million on
$238,000 of revenue compared to a net loss attributable to common
stockholders of $7.61 million on $347,000 of revenue for the same
period a year ago.

As of Sept. 30, 2016, the Company had $26.03 million in total
assets, $7.80 million in total liabilities and $18.22 million in
total stockholders' equity.

A full-text copy of the Form 10-Q is available for free at:

                     https://is.gd/CXeI9G

                        About AmpliPhi

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


APOLLO MEDICAL: Unit Inks Stock Purchase Agreement with Bay Area
----------------------------------------------------------------
BAHA Acquisition, a Medical Corporation, a California professional
corporation ("Acquisition"), an affiliate of Apollo Medical
Holdings, Inc., entered into a Stock Purchase Agreement with Bay
Area Hospitalist Associates, a Medical Corporation, a California
professional corporation and Scott Enderby, D.O., pursuant to which
Enderby sold to Acquisition, and Acquisition purchased from
Enderby, 100% of the issued and outstanding stock of BAHA, of which
Enderby was the sole holder beneficially and of record. Warren
Hosseinion, M.D., the Company's chief executive officer, is the
sole stockholder of Acquisition, as nominee for the Company's
wholly-owned subsidiary, Apollo Medical Management, Inc.

As provided for in the Stock Purchase Agreement, the purchase price
for the BAHA Stock consists of (i) a payment of $25,000 at the
closing of the Transaction, which also took place on Nov. 4, 2016;
(ii) a contingent payment in the aggregate amount of $100,000 to be
paid over a period of 18 months following the Closing; and (iii) a
warrant to purchase 24,000 shares of the Company's common stock
issued to Enderby.  The Company and Enderby have informally agreed
to defer the Initial Payment from the Closing until after the
delivery of the closing statement calculating Actual Net Working
Capital, as described in the following paragraph.

No later than 30 days following the Closing Date, Acquisition will
prepare and deliver to Enderby a written statement of the net
working capital of BAHA as of the Closing Date.  If the Actual Net
Working Capital (as defined in the Stock Purchase Agreement) as of
the Closing Date is less than $300,000, then Enderby shall, within
five business days of the date of final determination of the Actual
Net Working Capital as of the Closing Date, pay to Acquisition the
amount equal to the absolute value of the difference between the
Target Amount and the Actual Net Working Capital as of the Closing
Date, together with interest on the amount of such difference
calculated at the rate of four percent  per annum from the Closing
Date to the date of payment.

Enderby will have a period of up to 30 days from the receipt of the
closing statement to review and accept or dispute Acquisition's
closing statement.  There is a dispute resolution mechanism in the
event that Enderby disagrees with the closing statement.

The Contingent Payment of up to an aggregate $100,000 will be made
to Enderby in connection with personal services to be performed by
him pursuant to an employment agreement entered into in connection
with the Closing of the Transaction as follows: (i) $25,000 on the
six-month anniversary of the Closing, an additional $50,000 on the
first-year anniversary of the Closing and a final $25,000 on the
18-month anniversary of the Closing, if as of each such date,
BAHA's revenue is greater than $6,000,000.

The Stock Purchase Agreement also contains other provisions typical
of a transaction of this nature, including without limitation,
representation and warranties, post-closing covenants,
confidentiality, mutual indemnification by the parties, governing
law, arbitration of disputes and venue for arbitration.

As further inducement for Acquisition to enter into the Stock
Purchase Agreement, BAHA and Enderby entered into a non-competition
agreement dated as of Nov. 4, 2016, pursuant to which Enderby has
agreed, without the written permission of BAHA, within a radius of
50 miles from BAHA's offices in San Francisco and for a period of
three years from the Closing Date, not to compete with BAHA; hire
or induce another person to hire any BAHA employee or independent
contractor; or solicit any business, customers, clients or
contractors of BAHA.  Enderby has further agreed keep BAHA's
proprietary information confidential.

As part of the Transaction, BAHA and Enderby entered into the
Enderby Employment Agreement, pursuant to which Enderby has been
hired to serve as chief executive officer of BAHA.  Enderby will
serve in that capacity for an initial term of two years,
automatically extended for additional one-year terms, unless not
less than 60 days prior to each such renewal date, either party
shall have given written notice to the other that the Enderby
Employment Agreement will not be renewed.  Enderby will be paid a
base salary of $400,000 per year and will be entitled to
participate in any incentive compensation plans and/or equity
compensation plans as are now available or may become available to
other similarly positioned employees.

The Enderby Employment Agreement will be terminated upon Enderby's
death and may be terminated on Enderby's Disability (as that term
is defined in the Enderby Employment Agreement), by BAHA with or
without Cause (as that term is defined in the Enderby Employment
Agreement) or by Enderby with or without Good Reason (as that term
is defined in the Enderby Employment Agreement).

If Enderby's employment is terminated for any reason during the
term of the Enderby Employment Agreement, or if the Enderby
Employment Agreement is not renewed, Enderby shall be entitled to
be paid any earned but unpaid base salary through the date of
termination, unpaid expense reimbursements and accrued but unused
paid time off.  Additionally, in the event of termination by BAHA
without Cause or termination by Enderby for Good Reason, and if,
but only if, Enderby signs a general release of claims in a form
and manner satisfactory to BAHA, Enderby shall also be entitled to
receive a severance payment in an amount equal to (i) four weeks of
his most recent base salary for every full year of his active
employment, but such amount will be no less than one month's worth
nor more than six months' worth of his most recent base salary;
plus (ii) the premium amounts paid for coverage under BAHA's group
medical, dental and vision programs for a period of twelve months,
to be paid directly to Enderby at the same times such payments
would be paid on behalf of a current employee for such coverage,
provided that Enderby timely elects continued coverage under such
plans pursuant to the Consolidated Omnibus Budget Reconciliation
Act of 1985 as amended.

The Enderby Employment Agreement contains additional provisions
typical of an agreement of this type, including paid time off;
reimbursement of expenses against properly maintained records;
general availability of employee benefits; tax withholding;
maintenance of confidential information; non-solicitation;
anti-moonlighting; governing law and venue for litigation of
disputes.

On Nov. 4, 2016, the Company issued the Warrant to Enderby to
purchase up to 24,000 shares of the Company's common stock, at an
exercise price of $4.50 per share, which was the closing price of
the Company's common stock on the trading day immediately preceding
the Closing Date.  The Warrant may be exercised in equal monthly
installments of 1,000 shares over a 24-month period commencing on
Dec. 4, 2016, and terminating on Nov. 4, 2018.

The Warrant contains additional provisions typical of an agreement
of this type, including exercise procedures; a "cashless exercise"
feature; adjustment of the warrant exercise price and/or the number
of shares for which the Warrant may be exercised in the event of
certain events, such as stock dividends, stock splits,
recapitalizations and similar transactions; governing law and venue
for litigation of disputes.

BAHA previously has had its financial results consolidated with
those of the Company as a variable interest entity.  As part of the
Transaction, the Company acquired non-controlling interest of
BAHA.

                      About Apollo Medical

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

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

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


ATINUM MIDCON: Wants Case Converted to Chapter 7 Liquidation
------------------------------------------------------------
Martin O'Sullivan, writing for Bankruptcy Law360, reported that
Atinum MidCon I LLC has sought to convert its Chapter 11 bankruptcy
case into a Chapter 7 proceeding, saying that although it is close
to selling its assets, it has no plans to continue post-bankruptcy.
Sandridge Energy, Inc., and Wells Fargo Bank NA are the lone
qualified bidders for Atinum's assets.  According to the report,
Atinum said the parties are close to reaching a purchase agreement
after initially butting heads, but regardless, Atinum doesn't plan
on moving forward after bankruptcy.

Atinum filed for Chapter 11 after defaulting on $365 million in
secured bank debt.  It listed between $16 million and $18 million
in debts owed to SandRidge.

Katy Stech, writing for The Wall Street Journal Pro Bankruptcy,
reported that Wells Fargo offered to forgive $75 million in debt
owed by Atinum.  SandRidge's bid is valued about $67 million, made
up of $47 million in cash and about $19 million in forgiven debt,
the WSJ report added.

                       About Atinum MidCon I

Headquartered in Houston, Texas, Atinum MidCon I, LLC, owns
non-operated working interests in oil and gas wells and properties
located in Kansas and Oklahoma.

The Debtor filed for Chapter 11 bankruptcy protection (Bankr. S.D.
Tex. Case No. 16-33645) on July 22, 2016, estimating its assets
between $100 million and $500 million and its debts at between
$100
million and $500 million.  The petition was signed by Robert E.
Ogle, chief restructuring officer.

Judge Marvin Isgur presides over the case.

Timothy Alvin Davidson, II, Esq., at Andrews Kurth LLP serves as
the Debtor's counsel.

Claro Group LLC is the Debtor's financial advisor. PLS. INC. is
the
Debtor's sales agent. BDO USA, LLP serves as tax service provider.

Judy A. Robbins, the U.S. Trustee for the Southern District of
Texas, informs the Bankruptcy Court that he is unable to appoint
members to the Official Committee of Unsecured Creditors in the
Chapter 11 case of Atinum MidCon I, LLC.

The U.S. Trustee has not solicited committee of unsecured
creditors
as there are not three eligible unsecured creditors.

                   About SandRidge Energy, Inc.

SandRidge Energy, Inc. -- 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.

                            *     *     *

SandRidge Energy on Oct. 4, 2016, disclosed that it has emerged
from Chapter 11, having satisfied all the necessary provisions of
its Plan of Reorganization.  SandRidge also 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".

The Bankruptcy Court on Sept. 9, 2016, entered an order confirming
the Joint Chapter 11 Plan of Reorganization, which will eliminate
$3.7 billion in pre-petition funded indebtedness.

Under a restructuring deal, SandRidge creditors holding around $3.7
billion in second-lien and other unsecured debt will have that debt
converted into equity interest in the restructured company.


B FISCHER INDUSTRIES: Hires Lindquist-Kleissler as Counsel
----------------------------------------------------------
B. Fischer Industries, LLC dba Gas West seeks authorization from
the U.S. Bankruptcy Court for the District of Colorado to employ
Lindquist-Kleissler & Company, LLC as counsel, nunc pro tunc to
November 4, 2016.

The Debtor requires Lindquist-Kleissler to represent it in matters
of administration, and bankruptcy counsel generally, including
preparation of the statements and schedules, the Plan of
Reorganization and Disclosure Statement, and related matters.

Lindquist-Kleissler will be paid at these hourly rates:

       Arthur Lindquist-Kleissler      $425
       Paralegal                       $150
       Legal Assistant                 $120

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

Lindquist-Kleissler received a $10,000 retainer for the Debtor.
The firm also received pre-payment of the Chapter 11 Filing Fee in
the amount of $1,717.

Arthur Lindquist-Kleissler, manager of the firm, assured the Court
that the firm is a "disinterested person" as the term is defined in
Section 101(14) of the Bankruptcy Code and does not represent any
interest adverse to the Debtor and its estate.

Lindquist-Kleissler can be reached at:

       Arthur Lindquist-Kleissler, Esq.
       LINDQUIST-KLEISSLER & COMPANY, LLC
       950 S. Cherry Street, Suite 418
       Denver, CO 80246
       Tel: (303) 691-9774
       E-mail: arthuralklaw@gmail.com



BARLEN PG: Selling Equipment to Pay IRS's Claims
------------------------------------------------
Barlen P.G., Inc., asks the U.S. Bankruptcy Court for the Eastern
District of Michigan to authorize the sale of equipment and
property free and clear of all liens to pay the prepetition claims
held by the IRS against the Debtor.

A copy of the list of equipment to be sold attached to the Motion
is available for free at:

             http://bankrupt.com/misc/Barlen_PG_142_Sales.pdf

The Court confirmed Debtors' First Amended Chapter 11 Plan and
Disclosure Statement on July 12, 2013.

On Jan. 16, 2014, the Court administratively closed Debtor's
Chapter 11 case.  Pursuant to the Order Confirming Plan, Debtor had
priority and wholly unsecured tax claims owing to the United
States-Internal Revenue Service.  Notwithstanding the fact that the
IRS' tax liens were subordinate to other secured claims, Debtor
consented to allow the IRS to retain its liens on Debtor's property
until said claim(s) was paid in full.

The IRS' total filed claims against all three jointly administered
Debtors, including Debtor Barlen P.G., was approximately $344,300,
against which the Debtor has timely paid $226,038 (3 annual
payments of $75,346).  The Debtor is current with all payments to
the IRS, the next being due no later than Jan. 31, 2017.

The Debtor now has received an offer to purchase a significant
number of its equipment and property.  However, the Purchaser
requires that either the tax liens first be released or the Debtor
obtains an order from the Court allowing for the sale free and
clear of said liens.

The Debtor, through counsel, has twice attempted to contact the
IRS, through the United States Attorneys Office, to obtain consent
to release the IRS liens pending the sale of the property, however,
such consent could not be obtained.

The Debtor asks the Court to approve the said sale of property.
Upon sale said items, all net proceeds, up and to the amount(s)
owed to the IRS for its filed and allowed claims will be turned
over to the IRS; concurrently the IRS would issue either a
satisfaction and/or release of all Federal Tax Liens filed against
these jointly administered Debtors, Barlen PG, Inc., Barlen
Contracting, Inc., and Barlen Sanitation Solutions, Inc.

The Debtor asserts that the proposed sale is appropriate and
proper, and further more the Debtor has demonstrated cause to sell
said property, pursuant to 11 U.S.C. Sections 363(f)(1) and (3), as
the Debtor reasonably believes the proposed sale proceeds will be
equal to or greater than the current balances still owing to the
IRS.

Counsel for the Debtor:

          William R. Orlow, Esq.
          Corey M. Carpenter, Esq.
          B.O.C. LAW GROUP, P.C.
          24100 Woodward Avenue
          Pleasant Ridge, MI 48069
          Telephone: (248) 584-2100
          E-mail: coreycarpenter@boclaw.com

                        About Barlen P.G.

Barlen P.G., Inc. sought Chapter 11 protection (Bankr. E.D. Mich.
Case No. 12-66590) on Dec. 7, 2012.  Judge Thomas J. Tucker is
assigned to the case.

The Debtor estimated assets in the range of $0 to $50,000 and
$1,000,001 to $10,000,000 in debt.

The Debtor tapped William R. Orlow, Esq. at B.O.C. Law Group, P.C.
as counsel.

The petition was signed by Joe C. Ballenger Jr./Joe C. Ballinger
Sr., president/CEO.


BELK INC: Bank Debt Trades at 10% Off
-------------------------------------
Participations in a syndicated loan under BELK, Inc. is a borrower
traded in the secondary market at 89.54 cents-on-the-dollar during
the week ended Friday, November 11, 2016, according to data
compiled by LSTA/Thomson Reuters MTM Pricing.  This represents an
decrease of 0.36 percentage points from the previous week.  BELK,
Inc. pays 450 basis points above LIBOR to borrow under the 1500
billion facility. The bank loan matures on Nov. 19, 2022 and
carries Moody's B2 rating and Standard & Poor's B+ rating.  The
loan is one of the biggest gainers and losers among 247 widely
quoted syndicated loans with five or more bids in secondary trading
for the week ended November 11.


BERNARD L. MADOFF: SIPA Trustee Can't Reargue Dismissal of Claims
-----------------------------------------------------------------
Judge Stuart M. Bernstein of the United States Bankruptcy Court for
the Southern District of New York denied the SIPA Trustee's motion
to reargue the dismissal of the pre-2001 claims in the
substantially consolidated cases captioned SECURITIES INVESTOR
PROTECTION CORPORATION, Plaintiff, v. BERNARD L. MADOFF INVESTMENT
SECURITIES LLC, Defendant. In re: BERNARD L. MADOFF, Debtor. IRVING
H. PICARD, Trustee for the Liquidation of Bernard L. Madoff
Investment Securities LLC, Plaintiff, v. FRANK J. AVELLINO, et al.
Defendants, Adv. Pro. No. 08-01789 (SMB) (Substantively
Consolidated), Adv. Proc. No. 10-05421 (SMB) (Bankr. S.D.N.Y.).

The SIPA Trustee, Irving H. Picard, commenced an adversary
proceeding against Frank Avellino and numerous other defendants, as
trustee for the liquidation of Bernard L. Madoff Investment
Securities LLC (BLMIS) under the Securities Investor Protection Act
(SIPA), and as representative of the substantively consolidated
estate of Bernard L. Madoff to avoid and recover transfers made to
the defendants.

The defendants moved to dismiss the Amended Complaint arguing,
among other things, that the SIPA Trustee could not avoid and
recover pre-2001 transfers made by Madoff while he was operating
his business as a sole proprietorship.

The Court agreed and dismissed the pre-2001 claims.  It concluded
that (i) the debtor in the SIPA liquidation was BLMIS and not
Madoff individually, (ii) the SIPA Trustee, as trustee of BLMIS,
could recover transfers of customer property under SIPA but the
Chapter 7 Trustee could not, and (iii) the Consolidation Order did
not empower the Chapter 7 Trustee to exercise the powers of the
SIPA Trustee.  

The SIPA Trustee then sought to re-argue the dismissal of the
pre-2001 claims.  The Motion challenged the Court's conclusions and
asserted that they result in manifest injustice.  The Motion boils
down to three arguments:

     1) That the Court "overlooked" that the Protective Order
        also covered Madoff personally because BLMIS and Madoff
        used the same SEC registration number.

Judge Bernstein rejected the argument.  The judge considered the
definition of "debtor" under SIPA, parsed the language of the
Protective Order and concluded that it covered BLMIS but did not
cover Madoff.  The judge found that the SIPA Trustee's underlying
argument, that a SIPA protective order covers separate legal
entities that used the same SEC registration number, lacks support.
In addition, Judge Bernstein noted that the positions taken by the
SIPA Trustee and Securities Investor Protection Corporation (SIPC)
are at odds with the positions they successfully took in their
joint motion to consolidate the BLMIS and Madoff estates.  The
judge pointed out that the SIPA Trustee and the SIPC never argued
that Madoff's estate was already covered by the Protective Order,
that the two estates had already been consolidated by the
Protective Order or that Picard was already serving as the Madoff
trustee.

     2) In the alternative, that the Court "overlooked" that the
        Consolidation Order retroactively modified the District
        Court's Protective Order, and "conjoined Madoff as a SIPA
        debtor in this SIPA liquidation proceeding, and
        retroactively gave the SIPA Trustee the authority to
        recover customer property fraudulently conveyed by both
        BLMIS and Madoff," including the pre-2001 transfers.

Judge Bernstein held that the Court did not overlook any of the
arguments made in the Motion relating to the scope of the
Protective Order or the Consolidation Order.  To give effect to all
of the provisions of the Consolidation Order, Judge Bernstein read
paragraph 7 simply to authorize the SIPA Trustee to pursue his SIPA
claims and his claims as subrogee and assignee of creditors on
behalf of the consolidated estates, with any recovery inuring to
the benefit of the customer creditors of both estates.

     3) That reargument will prevent "manifest injustice" by
        avoiding the disparate treatment of the customers of the
        two estates (pre-January 1, 2001 transferees can keep the
        transfers, but post-January 1, 2001 transferees cannot)
        and by increasing the amount available to pay net equity
        claims.

Judge Bernstein held that the disparate treatment involving
pre-January 1, 2001 and post-January 1, 2001 transferees arises
from the statutory differences between the power of a SIPA trustee
and an ordinary bankruptcy trustee, and the fact that the
consolidated estates involve two legally distinct transferors and
two trustees but only one SIPA debtor.  Moreover, the judge found
that the Consolidation Order ensures manifest justice; net losers
who invested either with Madoff or BLMIS will share equally in the
consolidated estates.  Judge Bernstein also explained that the SIPA
Trustee's remaining argument, that the amount available for
distribution to net losers will be reduced, is a function of the
unambiguous language in SIPA, the Bankruptcy Code and the
Consolidation Order.  The judge stated that while one purpose of
SIPA is to protect investors from a broker's insolvency,  this does
not give license to ignore the plain meaning of statutes and orders
and interpret them in a manner to reach a result that is perceived
to be equitable.

A full-text copy of Judge Bernstein's October 18, 2016 memorandum
decision and order is available at https://is.gd/yYBeC1 from
Leagle.com.

Irving H. Picard, Trustee for the Liquidation of Bernard L. Madoff
Investment Securities LLC is represented by:

          Marc E. Hirschfield, Esq.
          David J. Sheehan, Esq.
          BAKER & HOSTETLER LLP
          45 Rockefeller Plaza
          New York, NY 10111-0100
          Tel: (212)589-4200
          Fax: (212)589-4201
          Email: dsheehan@bakerlaw.com

FRANK J. AVELLINO is represented by:

          Gary A. Woodfield, Esq.
          HAILE, SHAW & PFAFFENBERGER, P.A.
          660 U.S. Highway One, Third Floor
          North Palmn Beach, FL 33408
          Tel: (561)627-8100
          Fax: (561)622-7603
          Email: gwoodfield@haileshaw.com

GRANTOR RETAINED ANNUITY TRUST is represented by:

          Jonathan Etra, Esq.
          One Biscayne Tower
          2 South Biscayne Blvd., 21st Floor
          Miami, FL 33131
          Tel: (305)373-9400
          Fax: (305)373-9443
          Email: jetra@broadandcassel.com

                    About Bernard L. Madoff

Bernard L. Madoff Investment Securities LLC and Bernard L. Madoff
orchestrated the largest Ponzi scheme in history, with losses
topping US$50 billion.  On Dec. 15, 2008, the Honorable Louis A.
Stanton of the U.S. District Court for the Southern District of New
York granted the application of the Securities Investor Protection
Corporation for a decree adjudicating that the customers of BLMIS
are in need of the protection afforded by the Securities Investor
Protection Act of 1970.  The District Court's Protective Order (i)
appointed Irving H. Picard, Esq., as trustee for the liquidation of
BLMIS, (ii) appointed Baker & Hostetler LLP as his counsel, and
(iii) removed the SIPA Liquidation proceeding to the Bankruptcy
Court (Bankr. S.D.N.Y. Adv. Pro. No. 08-01789) (Lifland, J.).  Mr.
Picard has retained AlixPartners LLP as claims agent.

On April 13, 2009, former BLMIS clients filed an involuntary
Chapter 7 bankruptcy petition against Bernard Madoff (Bankr.
S.D.N.Y. 09-11893).  The petitioning creditors -- Blumenthal &
Associates Florida General Partnership, Martin Rappaport
Charitable Remainder Unitrust, Martin Rappaport, Marc Cherno,
and Steven Morganstern -- assert US$64 million in claims against
Mr. Madoff based on the balances contained in the last statements
they got from BLMIS.

On April 14, 2009, Grant Thornton UK LLP as receiver placed Madoff
Securities International Limited in London under bankruptcy
protection pursuant to Chapter 15 of the U.S. Bankruptcy Code
(Bankr. S.D. Fla. 09-16751).  The Chapter 15 case was later
transferred to Manhattan.  In June 2009, Judge Lifland approved
the consolidation of the Madoff SIPA proceedings and the bankruptcy
case.

Judge Denny Chin of the U.S. District Court for the Southern
District of New York on June 29, 2009, sentenced Mr. Madoff to 150
years of life imprisonment for defrauding investors in United
States v. Madoff, No. 09-CR-213 (S.D.N.Y.).

From recoveries in lawsuits coupled with money advanced by SIPC,
Mr. Picard has commenced distributions to victims.  As of Oct. 28,
2016, the SIPA Trustee has recovered more than $11.4 billion and
has distributed $9.467 billion, which includes more than $836.6
million in committed advances from the Securities Investor
Protection Corporation (SIPC).


BERNARD SLOANE GLIEBERMAN: Court Orders Ch. 11 Trustee Appointment
-------------------------------------------------------------------
Hon. Marci B. McIvor from the United States Bankruptcy Court for
the Eastern District of Michigan entered an order directing the
U.S. Trustee to select an eligible, disinterested person to serve
as the Chapter 11 Trustee for Bernard Sloane Glieberman.

The appointment of a Chapter 11 Trustee would curb the unnecessary
and protracted litigation, and the expenses associated in the case,
Judge McIvor said.

The Court further orders that upon the selection for appointment of
a Chapter 11 Trustee, the U.S. Trustee must submit the name of the
selected person and the Court will enter an order appointing that
person as the Chapter 11 Trustee of the case.

                About Bernard Sloane Glieberman

Bernard Sloane Glieberman sought protection under Chapter 11 of
the
Bankruptcy Code (Bankr. E.D. Mich. Case No. 15-55996) on November
2, 2015.  The case is assigned to Judge Marci B. McIvor.

                      *     *     *

The Bankruptcy Court has will consider approval of the Chapter 11
plan of reorganization proposed by a creditor of Bernard Sloane
Glieberman at a hearing on January 10, 2017, at 10:30 a.m.

BR North 223 LLC, a creditor of Mr. Glieberman, had earlier
received preliminary approval to its disclosure statement,
allowing
the company to start soliciting votes on the restructuring plan it
proposed for Mr. Glieberman.  

The October 27 order set a January 3 deadline for creditors to
cast
their votes and file their objections to final approval of the
disclosure statement and confirmation of the plan.

BR North is represented by Paul A. Wilhelm, Esq., at Clark Hill,
PLC, in Detroit, Michigan.


BIOSTAGE INC: Incurs $3.05 Million Net Loss in Third Quarter
------------------------------------------------------------
Biostage, Inc. filed with the Securities and Exchange Commission
its quarterly report on Form 10-Q disclosing a net loss of $3.05
million on $26,000 of revenues for the three months ended Sept. 30,
2016, compared to a net loss of $2.29 million on $37,000 of
revenues for the three months ended Sept. 30, 2015.

For the nine months ended Sept. 30, 2016, the Company reported a
net loss of $8.23 million on $54,000 of revenues compared to a net
loss of $9.41 million on $110,000 of revenues for the same period a
year ago.

As of Sept. 30, 2016, Biostage had $7.19 million in total assets,
$2.41 million in total liabilities and $4.78 million in total
stockholders' equity.

"During our extensive pre-IND dialogue with the FDA in October, we
received valuable feedback and greater clarity with respect to
their expectations and our requirements for a successful filing of
our IND for our esophageal implant program," commented Jim McGorry,
CEO of Biostage.  "The FDA's feedback confirmed for us that we are
on the right path for moving into our first-in-human clinical
study.  We were encouraged by FDA's guidance on key elements of
that pathway, especially in regards to important aspects of our
clinical protocol including the number of patients and the expected
patient population for this Phase 1 study."

A full-text copy of the Form 10-Q is available for free at:

                     https://is.gd/yklWH8

                         About Biostage

Biostage, Inc., formerly Harvard Apparatus Regenerative Technology,
Inc., is a biotechnology company engaged in developing
bioengineered organ implants based on its Cellframe technology.  

Harvard Apparatus reported a net loss of $11.7 million for the year
ended Dec. 31, 2015, compared to a net loss of $11.06 million for
the year ended Dec. 31, 2014.

KPMG LLP, in Boston, Massachusetts, issued a "going concern"
qualification on the consolidated financial statements for the year
ended Dec. 31, 2015, citing that the Company has suffered recurring
losses from operations and will require additional financing to
fund future operations which raise substantial doubt about its
ability to continue as a going concern.


BIRMINGHAM COAL: Hallmark Buying 2010 Chevrolet Avalanche for $18K
------------------------------------------------------------------
Birmingham Coal & Coke Co., Inc., Cahaba Contracting & Reclamation,
LLC, and RAC Mining, LLC, ask the U.S. Bankruptcy Court for the
Northern District of Alabama to authorize the sale of 2010
Chevrolet Avalanche ("Equipment") outside the ordinary course of
business to Eric Hallmark, an insider, for $18,000.

The Debtors are coal mining companies which formerly operated in
northwest Alabama.

The Equipment has 95,120 miles and the VIN is GNVKFE08AG225234.

At the hearing on the Sale Motion on Nov. 14, 2016, the Court
inquired whether the Debtors had marketed the Equipment.  The Court
suggested that the Equipment could satisfy the marketing
requirement by obtaining an appraisal from an outside party such as
CarMax.

Upon returning to their offices, counsel for the Unsecured
Creditors' Committee and counsel for the Debtors recalled that
Hallmark had obtained an appraisal from Driver's Way.  The
appraised value is $17,500.

A copy of the  appraisal from Driver's Way attached to the Motion
is available for free at:

            http://bankrupt.com/misc/Birmingham_Coal_814_Sales.pdf

The Debtors submit that they have properly supported their request
to sell the Equipment to Hallmark.  The sale is in the best
interest of all the creditors and all other parties-in-interest.

Accordingly, the Debtors ask the Court to approve the sale of the
Equipment to Hallmark for $18,000 free and clear of all liens,
claims, and encumbrances.

                     About Birmingham Coal & Coke

Birmingham Coal & Coke Company, Inc., produces and markets coal to
industrial, utility and export markets. It owns and operates three
coal mines with an average annual coal production of approximately
480,000 tons. The company also offers coal brokerage services.

Birmingham Coal was founded in 2000 and is based in Birmingham,
AL.
As of May 9, 2011, Birmingham Coal operates as a subsidiary of
CanAm Coal Corp.

On May 27, 2015, Birmingham Coal, and affiliates Cahaba
Contracting
& Reclamation LLC and RAC Mining LLC each filed a voluntary
petition for Chapter 11 reorganization (Bankr. N.D. Ala. Lead Case
No. 15-02075) in Birmingham, Alabama.

The Debtors tapped Jones Walker LLP as counsel.

Birmingham Coal and Cahaba Contracting each estimated $10 million
to $50 million in assets and debt.  RAC Mining estimated $1
million to $10 million in assets and debt.


BMC MASONRY: Selling All Assets and Property at Auction
-------------------------------------------------------
BMC Masonry, Inc., asks the U.S. Bankruptcy Court for the Eastern
District of Michigan to authorize bidding and sale procedures in
connection with the sale of substantially all assets and property
to the highest and best bidder at an auction to be conducted by
R.J. Montgomery & Assoc., Inc.

On Nov. 14, 2016, the Debtor filed an application for the
employment of the Auctioneer to conduct the sale of the assets.

The assets and property of the Debtor include:

   a. all machinery and equipment;

   b. all intellectual property of the Debtor, whether presently
used or that has been used in the Debtor's business (including
without limitation, business names, business telephones, facsimile,
and email addresses of the Debtor, software used or useful to the
Debtor, Web sites and all technology used or useful to the Debtor,
and all goodwill associated with any of the foregoing;

   c. all inventory;

   d. all accounts receivable;

   e. customer lists, files and all of the Debtor's books and
records;

   f. to the extent transfer is permitted by applicable law, all
licenses used by the Debtor in the operation, ownership or conduct
of its business;

   g. all rights to causes of action, lawsuits, claims and demands
of any nature available to the Debtor, except to the extent such
are specifically listed as an excluded asset;

   h. all guarantees, warranties, indemnities, bonds, letters of
credit and similar arrangements that run in favor of the Debtor in
connection with the sold assets;

   i. all telephone numbers, addresses (including all electronic
mail addresses) and domain names used by the Debtor in connection
with the ownership, operation, or conduct of its business;

   j. general intangibles and all goodwill arising in the
connection with the ownership, conduct or operation of the
business; and

   k. any asset or personal property that is not an excluded asset.


The assets to be sold will expressly exclude these:

   1. all collective bargaining agreements, employee benefit plans
and all assets relating thereto;

   2. any cash or funds in any deposit account; and

   3. any unexpired lease or executory contract relating to
personal property or a personal property right which the Buyer
elects not to assume.

The Debtor is relying on its well-articulated business judgment in
its decision to sell the assets.  The Debtor lacks the necessary
capital to continue its operations and, therefore, has concluded,
in its business judgment, that the auction sale will provide the
greatest return to its creditors.  The Debtor has determined that
it can obtain the highest and best value for its assets only by
selling substantially all of its assets and its businesses as a
going concern.

The Debtor asserts that its proposed Bidding/Auction Procedures are
appropriate for the proposed sale.  In addition, the Sale
Procedures will result in fair and reasonable consideration being
realized for the assets because they are designed to maximize the
value of the assets.

The salient terms of the Bidding/Auction Procedures are:

   a. Assets: The assets to be sold are substantially all of the
assets of the Debtor.

   b. Due Diligence: The Debtor will permit any interested party
the time and opportunity to conduct reasonable due diligence on the
assets by permitting the party access to the Debtor's business
premises from 10:00 a.m. - 4:00 p.m. on the Tuesday and Thursday
immediately proceeding the proposed Auction Date.

   c. Advertising: The Auctioneer will advertise the proposed sale
in the Sunday edition of the Detroit Free Press, statewide auction
market section; on the Auctioneer's Web site with approximately
10,000 subscribers; and Michigan & National Auctioneers Assoc. Web
sites, auctionzip, craigslist and ebay classifieds.

   d. Auction: The Debtor will conduct an Auction of the assets to
be first held 3 business days prior to the day set for the Sale
Hearing at the offices of Auctioneer, 695 Amelia Street, Plymouth,
Michigan, at 10:00 a.m. (EST).

   e. Bid Increment: The bid increment will not be more than 10% of
the initial offer on the assets.

   f. The Auction may be continued from day to day as determined by
Auctioneer.  It will be conducted by the Auctioneer in a manner
calculated to achieve the best offer for the assets.

   g. At the conclusion of the Auction, the Auctioneer will
determine which bid represents the highest or otherwise best offer
for the Assets.

   h. Closing: The Closing on the purchase of the assets will occur
no later than 13 days after entry of the Sale Order.

The Debtor proposes the timetable in connection with the Auction
and Sale Hearing:

   a. Notice of Auction and Sale: Within 3 days after entry of the
Sale Procedures Order approving the Sale Procedures, the Debtor
will provide notification of the Sale Procedure to all interested
parties.

   b. Auction: The Auction will be held 3 business days prior to
the date set for the Sale Hearing, commencing at 10:00 a.m. at the
offices of Auctioneer, 695 Amelia Street, Plymouth, Michigan.

   c. Notice of Winning Bid: The Debtor will file a notice
immediately after the Auction setting forth the identity of the
Winning Bidder.

   d. Objections to Sale of Assets: An objection to the sale of the
assets to the Winning Bidder must be filed at least 48 hours prior
to the Sale Hearing.

Absent the proposed sale, there is a substantial likelihood that
the assets will diminish in value.  Thus, the Debtor has
articulated a valid business purpose to sell the assets.
Accordingly, the Debtor asks the Court to approve the sale of
assets free and clean of all liens, claims, interests and
encumbrances.

The Debtor also asks that the stay imposed by Bankruptcy Rule
6004(b) be modified such that any Sale Order entered by the Court
will be effective immediately upon entry.

                        About BMC Masonry

BMC Masonry, Inc., sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. E.D. Mich. Case No. 16-54170) on Oct. 17,
2016.   At the time of the filing, the Debtor estimated assets of
less than $100,000 and liabilities of less than $1 million.


BOMBARDIER INC: Moody's Assigns B3 Rating on New Sr. Unsec. Notes
-----------------------------------------------------------------
Moody's Investors Service assigned a B3 rating to Bombardier's
proposed new senior unsecured notes due 2021.  Proceeds will be
used to repay outstanding debt.  The company's B2 Corporate Family
Rating, B2-PD Probability of Default Rating and SGL-2 Speculative
Grade Rating remain unchanged.  The ratings outlook remains
stable.

Assignments:

Issuer: Bombardier Inc.
  Senior Unsecured Regular Bond/Debenture, Assigned B3(LGD4)

                        RATINGS RATIONALE

Bombardier's B2 CFR is driven by its significant financial leverage
and ongoing cash consumption, but supported by good liquidity
through the end of 2017.  Consolidated adjusted debt to EBITDA is
about 10.5x as of 3Q/16 (proportionate leverage is higher), but we
believe it will trend towards 8x by the end of 2018.  Even at 8x,
leverage is high for a B2 rating, but Moody's believes that
leverage will continue trending down as the CSeries approaches cash
flow breakeven around 2020, the Global 7000 business jet starts
selling, cost-cutting improves EBITDA, and eventual positive free
cash flow allows the company to start reducing its $12 billion of
adjusted debt.

Moody's expects Bombardier to consume $1 billion of cash in 2017
and 2018 as it trends towards positive free cash flow, so liquidity
is very important.  Upon the closing of the proposed notes
offering, Bombardier's medium-term liquidity position will be
further improved as we expect the company will use proceeds to
repay nearer term maturities.  Also during that time we expect the
rate of cash flow consumption to lessen as the CSeries program
continues its ramp up towards its own cash flow breakeven in 2020,
and the Global 7000 program approaches entry into service in late
2018.  The company's significant scale and diversity, established
global market positions, natural barriers to entry and sizeable
backlog levels in its primary business segments favorably influence
the rating.

Bombardier has made important progress in 2016, landing crucial
CSeries orders from Delta and Air Canada, securing $2.5 billion in
liquidity from the Province of Quebec and the Caisse De Depot
(CDPQ), and cutting back product programs and costs.  Additionally
the CS100 has been reliably placed into service, the CS300 will
begin service with Air Baltic at the beginning of December and its
Global 7000 long-haul business jet completed its first flight.
However, the company has not booked any additional CSeries orders
since April.  Also the company adjusted its CSeries delivery
forecast from 15 to 7 aircraft for 2016 as a result of engine
delivery delays by its supplier Pratt & Whitney, which will result
in additional cash consumption of about $150 million in 2016.

Bombardier continues to make progress in its efforts to achieve a
targeted level of EBIT margin in the 7%-8% range by 2020.  Margins
excluding commercial aircraft were above 6% in the third quarter of
2016, and consolidated EBIT margin before special items was 2.7%
for the nine months ending Q3/16, both improvements from 2015.
Moody's believes the company's continued focus on operations is
necessary as the business jet market continues to soften, the
production ramp-up of its CSeries is delayed and both Bombardier
Transportation (BT) and Bombardier Aerospace are faced with
increased competition.  Moody's expects 2017 EBIT will continue to
improve, with increases in revenues and margins across its three
main segments (BT, business jets and commercial aircraft) driven by
increased CSeries deliveries, organization changes resulting in
improved efficiencies, and right-sizing of production rates.

Bombardier has good liquidity (SGL-2), with $4.4 billion of
available sources at Q3/16, versus Moody's estimate of about
$450 million of adjusted negative free cash flow through to Dec 31,
2017 and minimal debt maturities.  At September/16, Bombardier had
cash of $3.4 billion and $1 billion (USD equivalent) of unused
revolvers ($400 million at BA due June 2019 and EUR 608 million at
BT due Oct 2019).  However, the agreement with the CDPQ requires
Bombardier to maintain a $1.25 billion minimum cash reserve at the
end of each quarter.  Bombardier's bank financial covenants are not
public, but they include minimum liquidity and maximum leverage
requirements.  Moody's expects the company will maintain headroom
against the covenants.  The company does not have any material debt
maturities until 2018, when $1.4 billion is due, with a further
$600 million due in 2019 and $850 million due in 2020.  Moody's
doesn't presume any additional liquidity will come from a Federal
Government investment, but if it does, it would extend the
liquidity cushion beyond 2018, which would be credit positive so
long as it is not structured in a way that's detrimental to
Bombardier's creditors.

BA and BT also maintain letter of credit facilities with
authorizations of $400 million and EUR 3.3 billion respectively.
These facilities are due June 2019 and May 2019, respectively, and
have the same covenant requirements as the company's revolvers. The
company also maintains an $600 million PSG (Performance Security
Guarantee) facility that is renewed and extended annually if
mutually agreed.  At year end 2015, $173 million in letters of
credit were issued under the PSG.

The stable ratings outlook reflects Bombardier's good liquidity
position, which supports its continuing cash consumption.  It also
reflects the continued ramp up of the CSeries towards a planned
production rate of about 120 aircraft per year in 2020 and positive
program cash flow.

Bombardier's CFR rating could be upgraded if Moody's expects 1) the
company will produce sustainable free cash flow, 2) adjusted
financial leverage will reduce below 6x, and 3) the company is able
to conduct business without further government support.

Bombardier's CFR rating could be downgraded if 1) adjusted negative
free cash flow is likely to exceed our expectation of about $750
million in 2017 and $300 million in 2018, 2) if we expect the
company's adjusted debt/EBITDA leverage will remain above 8x past
2017, or 3) if Moody's develops concerns over the adequacy of the
company's liquidity.

The principal methodology used in this rating was Global Aerospace
and Defense Industry published in April 2014.


CANCER GENETICS: Incurs $3.74 Million Net Loss in Third Quarter
---------------------------------------------------------------
Cancer Genetics, Inc. reported a net loss of $3.74 million on $6.75
million of revenue for the three months ended Sept. 30, 2016,
compared to a net loss of $5.21 million on $4 million of revenue
for the three months ended Sept. 30, 2015.

For the nine months ended Sept. 30, 2016, the Company reported a
net loss of $13.02 million on $19.81 million of revenue compared to
a net loss of $14.47 million on $12.55 million of revenue for the
same period a year ago.

As of Sept. 30, 2016, Cancer Genetics had $45.82 million in total
assets, $17.97 million in total liabilities and $27.84 million in
total stockholders' equity.

A full-text copy of the Form 10-Q is available for free at:

                     https://is.gd/JHR8ru

                     About Cancer Genetics

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

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


CHARLES STREET: Objections to OneUnited's Claim Overruled
---------------------------------------------------------
Judge Frank J. Bailey of the United States Bankruptcy Court for the
District of Massachusetts, Eastern Division, overruled Charles
Street African Methodist Episcopal Church of Boston's objections to
OneUnited Bank's claim and dismissed its counterclaim.

OneUnited filed a proof of claim in the Charles Street's chapter 11
case for amounts due on two loans it made to Charles Street, one
for construction of a community center and the other to refinance
an existing credit facility.

In the adversary proceeding before the Court, Charles Street
objected to OneUnited's proof of claim and, in furtherance of that
objection, asserted two counterclaims against OneUnited, both under
MASS. GEN. LAWS ch. 93A.

The first is for wrongful origination of the Construction Loan: the
Charles Street alleged that OneUnited's underwriting of this loan
was unfair in that OneUnited knew when it made the loan that the
construction project was underfunded and, consequently, that
Charles Street would be unable to complete it and would inevitably
default on the loan.

The second is for unfair and deceptive use of foreclosure process:
Charles Street alleged that OneUnited threatened to foreclose on
the properties that secured the Church Loan, including the church
building itself, ostensibly to enforce the Church Loan, when in
fact OneUnited had no intention of completing the foreclosure but
was simply using the pretext of foreclosure as leverage for
collection of the Construction Loan.

Charles Street asserted both counterclaims for purposes of setoff,
as defenses to OneUnited's claim, and it also asserted the
pretextual foreclosure count -- but not also the wrongful
underwriting count -- as a basis for affirmative recovery.

As to the matter of wrongful origination, Judge Bailey found that
Charles Street did not allege that the OneUnited's conduct in
underwriting the loan was in any manner deceptive, and that there
has been no evidence of OneUnited's having deceived or misled
Charles Street into entering into the Construction Loan and
undertaking the project.  The judge found that, from the date of
the closing on the Construction Loan, Charles Street always fully
understood the financial risks and hurdles that the Construction
Loan and the project presented, at least as well as OneUnited did.

With respect to the allegation on pretextual foreclosure, Judge
Bailey found that too much remains to be mere speculation and
conjecture about OneUnited's reasoning and considerations.  The
judge explained that in the end, the burden is on Charles Street to
establish the specific intent on which it predicates its count for
pretextual employment of foreclosure process.  Judge Bailey found
that the evidence does not preponderate in favor of the necessary
finding, and that it is more probable that the OneUnited intended
to foreclose.

Charles Street's objections to OneUnited's claim were thus
overruled.

The adversary proceeding is CHARLES STREET AFRICAN METHODIST
EPISCOPAL CHURCH OF BOSTON, Plaintiff-in-Counterclaim, v. ONEUNITED
BANK, Defendant-in-Counterclaim, Adversary Proceeding No. 14-1138
(Bankr. D. Mass.).

The bankruptcy case is In re CHARLES STREET AFRICAN METHODIST
EPISCOPAL CHURCH OF BOSTON, Chapter 11, Debtor, Case No.
12-12292-FJB (Bankr. D. Mass.).

A full-text copy of Judge Bailey's November 2, 2016 memorandum of
decision is available at https://is.gd/pg1pxJ from Leagle.com.

Charles Street African Methodist Episcopal Church of Boston is
represented by:

          Gregory L. Demers, Esq.
          D. Ross Martin, Esq.
          William L. Roberts, Esq.
          James Addison Wright, III, Esq.
          ROPES & GRAY LLP
          Prudential Tower
          800 Boylston Street
          Boston, MA 02199-3600
          Tel: (617)951-7000
          Fax: (617)951-7050
          Email: gregory.demers@ropesgray.com
                 ross.martin@ropesgray.com
                 james.wright@ropesgray.com

            -- and --

          David B. Madoff, Esq.
          MADOFF & KHOURY LLP
          Pine Brook Office Park
          124 Washington Street, Suite 202
          Foxboro, MA 02035
          Tel: (508)543-0040
          Fax: (508)543-0020
          Email: madoff@mandkllp.com

John Fitzgerald, Assistant U.S. Trustee, is represented by:

          Eric K. Bradford, Esq.
          OFFICE OF THE UNITED STATES TRUSTEE
          5 Post Office Square, Suite 1000
          Boston, MA 02109-3934
          Tel: (617)788-0400
          Fax: (617)565-6368

                      About Charles Street

Charles Street African Methodist Episcopal Church --
http://www.csrrc.org/-- is located in Roxbury, Massachusetts.  
The Church is to advocate for the needs of community residents and
to strengthen individuals, families, and the community by
providing social, educational, economic, and cultural services.

The Church filed for Chapter 11 protection (Bankr. D. Mass. Case
No. 12-12292) on March 20, 2012, to prevent its lenders, OneUnited
Bank, from foreclosing on a $1.1 million loan and auctioning off
the church.

The Debtor estimated both assets and debts of between $1 million
and $10 million.

The church is being represented by the Boston firm Ropes &
Gray LLP, which is working free of charge.


CHARLIE BROWN'S: U.S. Trustee Unable to Appoint Committee
---------------------------------------------------------
An official committee of unsecured creditors has not yet been
appointed in the Chapter 11 case of Charlie Brown's Hauling &
Demolition, Inc. as of November 9, according to a court docket.

The Debtor is represented by:

     Buddy D. Ford, Esq.
     Buddy D. Ford, P.A.
     9301 West Hillsborough Avenue
     Tampa, FL 33615-3008
     Phone (813)877-4669
     Email: All@tampaesq.com
            Buddy@TampaEsq.com

                  About Charlie Brown's Hauling

Charlie Brown's Hauling & Demolition, Inc. sought protection under
Chapter 11 of the Bankruptcy Code (Bankr. M.D. Fla. Case No.
16-08863) on October 14, 2016.  The petition was signed by Charlie
W. Brown, president.  

At the time of the filing, the Debtor estimated assets of less than
$100,000 and liabilities of less than $500,000.


COATES INTERNATIONAL: Incurs $4.43-Mil. Net Loss in Third Quarter
-----------------------------------------------------------------
Coates International, Ltd., filed with the Securities and Exchange
Commission its quarterly report on Form 10-Q disclosing a net loss
of $4.43 million on $4,800 of total revenues for the three months
ended Sept. 30, 2016, compared to a net loss of $2.44 million on
$4,800 of total revenues for the same period a year ago.

For the nine months ended Sept. 30, 2016, the Company reported a
net loss of $7.85 million on $14,400 of total revenues compared to
a net loss of $9.28 million on $14,400 of total revenues for the
nine months ended Sept. 30, 2015.

As of Sept. 30, 2016, Coates had $2.39 million in total assets,
$7.08 million in total liabilities and a total stockholders'
deficiency of $4.69 million.

               Liquidity and Capital Resources

"Our cash position at September 30, 2016 was $11,411, a decrease of
($17,796) from the cash position of $29,207 at December 31, 2015.
We had negative working capital of ($4,905,447) at September 30,
2016 which represents an improvement in our working capital of
$570,511 compared to the ($5,475,958) of negative working capital
at December 31, 2015.  Our current liabilities of $5,169,536 at
September 30, 2016, decreased by $562,764 from $5,732,300 at
December 31, 2015.  This net decrease primarily resulted from (i) a
$474,731 net decrease in the derivative liability related to
convertible promissory notes, (ii) a $346,279 decrease in the
carrying amount of convertible notes, net of unamortized discount,
(iii) repayment of the $19,349 current portion of a finance lease
obligation and (iv) a $9,400 net decrease in promissory notes to
related parties, partially offset by (v) a $232,958 increase in
deferred compensation payable and (vi) a $54,037 increase in
accounts payable and accrued liabilities.

"Operating activities utilized cash of ($449,121) for the nine
months ended September 30, 2016, an improvement of ($357,478) from
the cash utilized for operating activities of ($806,599) for the
nine months ended September 30, 2015.  Cash utilized by operating
activities in the nine months ended September 30, 2016 resulted
primarily from (i) a cash basis net loss of ($911,709), after
adding back (deducting) non-cash stock-based compensation expense
of $6,768,560, interest accrued, but not paid of $506,042, a
non-cash decrease in embedded derivative liabilities related to
convertible notes of ($474,731), a non-cash loss on conversion of
convertible notes of $124,962 depreciation and amortization of
$36,122, non-cash licensing revenues and other income of ($26,743)
and non-cash portion of research and development expenses of $5,443
and (ii) changes in current assets and liabilities, including an
increase in inventory of ($28,528), a decrease in deferred offering
costs and other assets of $2,985, an increase of $255,173 in
accounts payable and accrued liabilities and an increase in
deferred compensation payable of $232,958.

Cash used in investing activities of $11,493 for the nine months
ended September 30, 2016, consisted of outlays for furniture.

"Cash provided by financing activities for the nine months ended
September 30, 2016, amounted to $442,818. This was comprised of
proceeds from issuances of promissory notes to related parties of
$162,443, issuances of convertible promissory notes aggregating
$154,000, issuances of common stock under an equity purchase
agreement of $150,000 and proceeds from issuances of common stock
and warrants amounting to $45,000, partially offset by principal
repayments of ($45,000) on a mortgage loan payable, repayments of
promissory notes held by related parties of ($15,000) and finance
lease obligation payments amounting to ($8,625)."

                       Going Concern

"We have incurred net recurring losses since inception, amounting
to ($64,822,362) as of September 30, 2016 and had a stockholders’
deficiency of ($4,693,771).  We will need to obtain additional
working capital in order to continue to cover our ongoing cash
expenses.

"These factors raise substantial doubt about our ability to
continue as a going concern.  In addition, the current economic
environment, which is characterized by tight credit markets,
investor uncertainty about how to safely invest funds and low
investor confidence, has introduced additional risk and difficulty
to our challenge to secure needed additional working capital. Our
predecessor Independent Registered Public Accountants have stated
in their Auditor's Report dated April 14, 2016, with respect to our
financial statements as of and for the year ended December 31,
2015, that these circumstances raise substantial doubt about our
ability to continue as a going concern," as disclosed in the
filing.

A full-text copy of the Form 10-Q is available for free at:

                       https://is.gd/ffn1W3

                            About Coates
    
Based in Wall Township, N.J., Coates International, Ltd.
(OTC BB: COTE) -- http://www.coatesengine.com/-- was
incorporated on Aug. 31, 1988, for the purpose of researching,
patenting and manufacturing technology associated with a spherical
rotary valve system for internal combustion engines.  This
technology was developed over a period of 15 years by Mr. George
J. Coates, who is the President and Chairman of the Board of the
Company.

The Coates Spherical Rotary Valve System (CSRV) represents a
revolutionary departure from the conventional poppet valve.  It
changes the means of delivering the air and fuel mixture to the
firing chamber of an internal combustion engine and of expelling
the exhaust produced when the mixture ignites.

Coates International reported a net loss of $10.2 million on
$94,200 of total revenues for the year ended Dec. 31, 2015,
compared to a net loss of $12.8 million on $19,200 of
total revenues for the year ended Dec. 31, 2014.

Cowan, Gunteski & Co., P.A., in Tinton Falls, New Jersey, issued a
"going concern" qualification on the consolidated financial
statements for the year ended Dec. 31, 2015, citing that the
Company continues to have negative cash flows from operations,
recurring losses from operations, and a stockholders' deficiency.
These conditions raise substantial doubt about its ability to
continue as a going concern.


COBALT INTERNATIONAL: Inks Separation Agreement with J. Farnsworth
------------------------------------------------------------------
Cobalt International Energy, Inc., entered into a Separation and
Consulting Agreement with James W. Farnsworth, president,
exploration.  The Consulting Agreement provides that Mr.
Farnsworth's employment will terminate on the earlier of (i)
Dec. 30, 2016, or (ii) date that the Company provides written
notice to Mr. Farnsworth of his earlier termination.  The
Consulting Agreement also satisfies the notice of non-renewal
required under the Employment Agreement between Mr. Farnsworth and
the Company, dated as of Nov. 3, 2014.  Mr. Farnsworth is not
entitled to any severance benefits under the Farnsworth Employment
Agreement.

Subject to Mr. Farnsworth's execution and non-revocation of a
general release of claims satisfactory to the Company, he will
serve as a consultant from the Employment Termination Date through
Dec. 31, 2017, providing consulting services for an average of 20
hours per week in exchange for the following benefits: (i) a pro
rata bonus for 2016, payable to Mr. Farnsworth in early 2017 based
on individual performance and the achievement of the Company's key
performance indicators, (ii) a monthly consulting fee of $42,267;
and (iii) access to an office and administrative support as Mr.
Farnsworth may reasonably request.  In addition, if a sale of a
material portion of the Company's Angolan assets occurs during the
consulting period such that all transactions and approvals
necessary to complete such Angola Sale have occurred or been
obtained, as applicable, but does not require the transaction to
close, prior to the end of the consulting period, the Company will
pay Mr. Farnsworth an additional one-time, lump sum payment equal
to $300,000, which amount will be paid to Mr. Farnsworth within 30
days following the consummation of such Angola Sale.

Mr. Farnsworth's outstanding unvested time-based equity awards will
immediately become fully vested as of Dec. 30, 2016, so long as Mr.
Farnsworth remains employed by the Company through such date.
Those awards (and any shares of the Company's common stock acquired
thereunder) will remain subject to all of the other applicable
terms and conditions set forth in the Farnsworth Employment
Agreement, the Company's Long Term Incentive Plan and the
applicable award agreements thereunder.  With respect to any
outstanding awards granted to Mr. Farnsworth pursuant to the LTIP
that are subject to a performance requirement (other than continued
service by Mr. Farnsworth), only the service condition under those
awards will be deemed satisfied, and the performance conditions set
forth in the applicable award agreements must be satisfied in order
for those awards to vest.

During the consulting period, Mr. Farnsworth will remain subject to
the restrictive covenants set forth in the Farnsworth Employment
Agreement, including perpetual restrictions against disclosure of
confidential information and against disparagement of the Company
and any of its directors, officers, partners and stockholders, and
a one-year post-employment restriction against competition with the
Company, which such one-year period will commence as of Dec. 30,
2016.

On Nov. 10, 2016, the Company provided notice of non-renewal of the
employment agreement between James H. Painter and the Company,
dated as of Nov. 3, 2014, which will expire on Dec. 31, 2016.  On
the same day, Mr. Painter was appointed as president, exploration
and appraisal of the Company, effective as of Jan. 1, 2017,
replacing Mr. Farnsworth.  Mr. Painter, 59, has served as executive
vice president of the Company since April 2013.  Mr. Painter
previously served as executive vice president, Gulf of Mexico from
the Company's inception in November 2005 until April 2013.  The
Company has eliminated the position of executive vice president,
Gulf of Mexico.

In connection with Mr. Painter's appointment as president,
exploration, Mr. Painter will be paid an annual base salary of
$625,000.  Mr. Painter will be eligible to receive a discretionary
annual bonus with a target value of 75% of his base salary and a
discretionary annual incentive plan award with a target value of
150% of his base salary.  Effective as of his appointment, Mr.
Painter will be eligible to participate in the Company's executive

severance and change in control benefit plan, which provides
participants with certain payments and benefits upon a qualifying
termination of such participant's employment, including in
connection with a change in control of the Company.  Additionally,
Mr. Painter's outstanding unvested time-based equity awards will
immediately become fully vested as of Dec. 30, 2016, so long as Mr.
Painter remains employed by the Company through that date. Those
awards (and any shares of the Company's common stock acquired
thereunder) will remain subject to all of the other applicable
terms and conditions set forth in the Painter Employment Agreement,
the Company's LTIP and the applicable award agreements thereunder.
With respect to any outstanding awards granted to Mr. Painter
pursuant to the LTIP that are subject to a performance requirement
(other than continued service by Mr. Painter), only the service
condition under those awards will be deemed satisfied, and the
performance conditions set forth in the applicable award agreements
must be satisfied in order for such awards to vest.

                        About Cobalt

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

The Company reported a net loss of $694.4 million in 2015, a net
loss of $510.8 million in 2014 and a net loss of $589.0 million
in 2013.

As of Sept. 30, 2016, Cobalt had $3.68 billion in total assets,
$2.70 billion in total liabilities and $983.8 million in total
stockholders' equity.

                           *   *   *

As reported by the TCR on Nov. 9, 2016, S&P Global Ratings lowered
its unsolicited corporate credit rating on U.S.-based oil and gas
exploration and production (E&P) company Cobalt International
Energy Inc. to 'CC' from 'CCC-'.  "The downgrade follows Cobalt
International's announcement that it has agreed to a possible
exchange transaction involving the company's 2.625% convertible
senior notes due 2019 and 3.125% convertible senior notes due 2024
at below par," said S&P Global Ratings credit analyst Kevin Kwok.

The TCR reported on Aug. 26, 2016, that S&P Global Ratings affirmed
its 'CCC+' unsolicited corporate credit rating on Houston-based
Cobalt Energy International Inc. (CIE) and revised the outlook to
negative from stable.


DELCATH SYSTEMS: Incurs $1 Million Net Loss in Third Quarter
------------------------------------------------------------
Delcath Systems, Inc. filed with the Securities and Exchange
Commission its quarterly report on Form 10-Q disclosing a net loss
of $1 million on $435,000 of revenue for the three months ended
Sept. 30, 2016, compared to a net loss of $2.42 million on $399,000
of revenue for the three months ended Sept. 3, 2015.

For the nine months ended Sept. 30, 2016, the Company reported a
net loss of $9.48 million on $1.31 million of revenue compared to a
net loss of $9.61 million on $1.30 million of revenue for the same
period during the prior year.

As of Sept. 30, 2016, Delcath had $36.98 million in total assets,
$32.49 million in total liabilities and $4.48 million in total
stockholders' equity.

A full-text copy of the Form 10-Q is available for free at:

                     https://is.gd/YZlIml

                        About Delcath

Delcath Systems, Inc. is an interventional oncology Company focused
on the treatment of primary and metastatic liver cancers. The
Company's 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.

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.


DEXTERA SURGICAL: Incurs $3.95 Million Net Loss in Sept. 30 Quarter
-------------------------------------------------------------------
Dextera Surgical Inc. filed with the Securities and Exchange
Commission its quarterly report on Form 10-Q disclosing a net loss
of $3.95 million on $467,000 of total net revenue for the three
months ended Sept. 30, 2016, compared to a net loss of $4.64
million on $755,000 of total net revenue for the same period during
the prior year.

As of Sept. 30, 2016, Dextera had $12.06 million in total assets,
$8.43 million in total liabilities and $3.62 million in total
stockholders' equity.

As of Sept. 30, 2016, the Company's accumulated deficit was $209.7
million and the Company had cash, cash equivalents and short-term
investments of $9.0 million, with $4.0 million debt principal
outstanding.  As of June 30, 2016, the Company had cash, cash
equivalents, and short-term investments of $12.7 million, with $4.0
million debt principal outstanding.  The Company currently invests
its cash, cash equivalents and short-term investments primarily in
money market funds, commercial paper and corporate debt securities.
Since inception, the Company has financed its operations primarily
through private and public sales of convertible preferred stock,
long-term notes payable, public and private sales of common stock,
warrants to purchase common stock and license or collaboration
agreements

On Sept. 2, 2011, the Company entered into a Distribution Agreement
with Century, with respect to distribution of its planned
microcutter products in Japan.  Additionally, under the terms of a
secured note purchase agreement, Century agreed to loan the Company
an aggregate of up to $4.0 million, with principal due five years
after the first draw by the Company under the agreement, subject to
certain conditions, which principal due date was extended by two
years to Sept. 30, 2018, effective July 1, 2014.  In return for the
loan commitment, the Company granted Century distribution rights to
the Company's planned microcutter product line in Japan, and a
right of first negotiation for distribution rights in Japan to
future products.  Century is responsible for securing regulatory
approval from the Ministry of Health in Japan for the microcutter
product line.  After approval for marketing in Japan, the Company
would sell microcutter units to Century, who would then sell the
microcutter devices to their customers in Japan.

A full-text copy of the Form 10-Q is available for free at:

                   https://is.gd/VEl1Tr

                About Dextera Surgical Inc.

Dextera Surgical Inc., formerly Cardica, Inc., is focused on the
commercialization and development of microcutter product line
intended for use by surgeons.  The Company is engaged in
commercializing and developing MicroCutter XCHANGE 30 based on its
staple-on-a-strip technology for use by thoracic, pediatric,
bariatric, colorectal and general surgeons.  Its MicroCutter
XCHANGE 30 is a cartridge based microcutter device with around five
millimeter shaft diameter and around 30 millimeter staple line
cleared for use in the United States for specific indications for
use, and in the European Union for a range of indications for use.

Dextera reported a net loss of $15.98 million in 2015, a net loss
of $19.18 million in 2014 and a net loss of $16.96 million in
2013.

BDO USA, LLP, in San Jose, 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 that raise substantial doubt about its
ability to continue as a going concern.


DOLLAR MART GROCERY: U.S. Trustee Unable to Appoint Committee
-------------------------------------------------------------
The Office of the U.S. Trustee on Nov. 16 disclosed in a court
filing that no official committee of unsecured creditors has been
appointed in the Chapter 11 case of Dollar Mart Grocery &
Wholesale.

The Debtor is represented by:

     Toni Campbell Parker, Esq.
     Law Office of Toni Campbell Parker
     615 Oakleaf Office Lane, Suite 201
     Memphis, TN 38117
     Phone: 901-683-0099
     Email: tparker001@bellsouth.net

                   About Dollar Mart Grocery

Dollar Mart Grocery & Wholesale, a joint partnership between Alaa
E. Noeman and Raid Tabbaa, sought protection under Chapter 11 of
the Bankruptcy Code (Bankr. W.D. Tenn. Case No. 16-29498) on
October 17, 2016.  The petition was signed by Alaa E. Noeman and
Tabbaa Raid, joint partners.  

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


DOLPHIN DIGITAL: Inks Purchase Agreement with T Squared
-------------------------------------------------------
Dolphin Digital Media, Inc., and T Squared Partners LP entered into
a Warrant Purchase Agreement pursuant to which the Company agreed
to issue (i) 1,500,000 Series G Warrants with an exercise price of
$5.00 per share of the Company's common stock, par value $0.015,
and an expiration date of Jan. 31, 2018, (ii) 500,000 Series H
Warrants with an exercise price of $6.00 per share of Common Stock
and an expiration date of Jan. 31, 2019, and (iii) 500,000 Series I
Warrants with an exercise price of $7.00 per share of Common Stock
and an expiration date of Jan. 31, 2020.

As consideration for the New Warrants, T Squared agreed to make a
$50,000 cash payment to the Company to reduce the aggregate
exercise price of the 7,000,000 Series E Warrants that were issued
to it on March 10, 2010 and amended on Sept. 10, 2015, to extend
their expiration date until Dec. 31, 2018.

The issuance by the Company of the New Warrants to T Squared
pursuant to the Agreement was made in reliance on Section 4(a)(2)
of the Securities Act of 1933, as amended.

                     About Dolphin Digital

Coral Gables, Florida-based Dolphin Digital Media, Inc., is
dedicated to the twin causes of online safety for children and
high quality digital entertainment.  By creating and managing
child-friendly social networking websites utilizing state-of the-
art fingerprint identification technology, Dolphin Digital Media,
Inc. has taken an industry-leading position with respect to
internet safety, as well as digital entertainment.

Dolphin Digital reported a net loss of $4.05 million on $2.99
million of total revenue for the year ended Dec. 31, 2015, compared
to a net loss of $1.87 million on $2.07 million of total revenue
for the year ended Dec. 31, 2014.

As of June 30, 2016, Dolphin Digital had $23.11 million in total
assets, $28.49 million in total liabilities and a total
stockholders' deficit of $5.38 million.

BDO USA, LLP, in Miami, Florida, 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, negative cash flows from operations, and
does not have sufficient working capital.  These events raise
substantial doubt about the Company's ability to continue as a
going concern.


DON GREEN: Case Summary & 12 Unsecured Creditors
------------------------------------------------
Debtor: Don Green Farms, Inc.
        P.O. Box 1410
        Newberry, FL 32669

Case No.: 16-10261

Chapter 11 Petition Date: November 16, 2016

Court: United States Bankruptcy Court
       Northern District of Florida (Gainesville)

Debtor's Counsel: Seldon J. Childers, Esq.
                  CHILDERSLAW, LLC
                  2135 N.W. 40th Terrace, Suite B
                  Gainesville, FL 32605
                  Tel: 866-996-6104
                  Fax: 407-209-3870
                  E-mail: jchilders@smartbizlaw.com

Total Assets: $13,987

Total Liabilities: $3.95 million

The petition was signed by Donald R. Green, president.

A copy of the Debtor's list of 12 unsecured creditors is available
for free at http://bankrupt.com/misc/flnb16-10261.pdf


DOOSAN BOBCAT: Moody's Affirms B1 CFR & Revises Outlook to Pos.
---------------------------------------------------------------
Moody's Investors Service has revised Doosan Bobcat Inc.'s (DBI)
rating outlook to positive from stable.

At the same time, Moody's has affirmed DBI's B1 corporate family
rating and Ba3 rating on the outstanding $951 million senior
secured term loan co-borrowed by Clark Equipment Company (CEC,
unrated) and Doosan Holdings Europe Limited (DHEL, unrated).
CEC and DHEL are co-borrowers on a joint and several basis for the
senior secured term loan.  Accordingly, the rating on the senior
secured term loan is based on the credit quality of their parent
DBI, which broadly reflects in turn the combined financials of the
co-borrowers.

                        RATINGS RATIONALE

"The positive outlook follows DBI's recent IPO, which we believe
will reduce the likelihood of it extending support to its parent
Doosan group -- which has been a drag on DBI's credit profile --
given the group's enhanced financial profile, lowered stake in DBI
and DBI's improved corporate governance," says Wan Hee Yoo, a
Moody's Vice President and Senior Analyst.

According to the company's public filing, the IPO share allocations
were completed on Nov. 11, 2016, and DBI will list on the Korea
Stock Exchange by Nov. 18.  The IPO -- including a pre-IPO
conducted in 3Q 2015 -- has lowered Doosan group's stake in DBI to
70% from 100%, with the remaining stakes distributed to the general
public.

The IPO will have a minimal direct effect on DBI's credit metrics,
given the cash inflow at DBI is very small relative to its
consolidated reported debt of $1.44 billion at end-June 2016.

However, the transaction should lower Doosan group's financial
leverage and alleviate liquidity pressure, given the group's direct
share sales of about KRW252 billion, as well as a permanent
conversion of existing convertible preferred shares to common
shares.

Moody's also expects DBI's immediate parent Doosan Infracore Co.,
Ltd.'s (DI, unrated) adjusted debt/EBITDA to improve to about 7x in
2016 from 18x in 2015, supported by the proceeds from the sale of
its machine tools business and the IPO, as well as a significant
rebound in earnings due to its restructuring measures.

Moody's believes that these developments and the covenant package
in DBI's senior secured term loan will contain its sizable cash
leakage to its parent.

"The rating action also takes into account our view that DBI's
financial profile will continue to improve over the next 1-2 years,
underpinned by steady earnings and reductions in debt," adds Yoo.

Despite the continued challenges in the company's operating
environment, Moody's expects DBI's earnings to increase gradually
over the next 1-2 years on the back of steady demand from its
end-markets, its robust market position in the compact farm and
construction equipment business in North America, and cost cutting
measures.

In addition, Moody's expects that DBI's debt level will gradually
decrease over the next 1-2 years, underpinned by its robust
operating cash flow and manageable capital expenditures.  DBI has
already paid down its senior secured term loan totaling about
$350 million since the issuance in 2014.

Consequently, Moody's expects DBI's adjusted debt/EBITDA to decline
to about 3.3x over the next 12-18 months from 4.0x in 2015.  This
level of financial leverage is strong for its current CFR, thereby
supporting the positive outlook.

DBI's B1 CFR is supported by its dominant position in the compact
farm and construction equipment market in North America, as well as
its good ability to generate positive free cash flow.

However, these strengths are counterbalanced by the company's high
product concentration, moderate market position in Europe, and the
highly cyclical nature of the compact farm and construction
equipment industry.

The Ba3 rating on the outstanding $951 million senior secured term
loan mainly reflects the first lien — except for those assets
secured by the first lien for the revolver — on substantially all
of the assets and capital stock of the co-borrowers, their parent
DBI, as well as their subsidiaries.  This structure means that the
facility ranks ahead of most other debt and liabilities.

The ratings could be upgraded if DBI's financial profile improves
through enhanced earnings and/or debt reductions, such that
adjusted debt/EBITDA stays below 3.5x and adjusted EBITA/interest
expense exceeds 3.5x on a sustained basis.

On the other hand, the outlook could return to stable if DBI's
profitability and cash flow weakens, such that adjusted debt/EBITDA
exceeds 3.5x and adjusted EBITA/interest expense stays below 3.5x
on a sustained basis.

The ratings could also be pressured if DI extracts large amounts of
cash from DBI, or if DI's own credit quality deteriorates
significantly.

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

Doosan Bobcat Inc. is the leading manufacturers of compact farm and
construction equipment in North America and EMEA.  It engages in
the design, manufacture, sale and service of compact farm and
construction equipment under the Bobcat brand and portable power
products.  It also distributes heavy construction equipment
produced by its parent Doosan Infracore Co., Ltd.


ENERGY FUTURE: Required to Pay Make-Whole, Third Circuit Rules
--------------------------------------------------------------
The U.S. Court of Appeals for the Third Circuit, in an opinion
dated Nov. 7, 2016, addressed what happens when one provision of an
indenture for money loaned provides that the debt is accelerated if
the debtor files for bankruptcy and while in bankruptcy it opts to
redeem that debt when another indenture provision provides for a
redemption premium.

Does the premium, meant to give the lenders the interest yield they
expect, fall away because the full principal amount is now due and
the noteholders are barred from rescinding the acceleration of
debt?  The Third Circuit held NO.

Energy Future Intermediate Holding Company LLC and EFIH Finance
Inc. borrowed in 2010 approximately $4 billion at a 10% interest
rate by issuing notes due in 2020 and secured by a first-priority
lien on their assets.  To protect the lenders' anticipated
interest-rate yield, the Indenture governing the loan provides an
"Optional Redemption" that "[a]t any time prior to December 1,
2015, [EFIH] may redeem all or a part of the Notes at a redemption
price equal to 100% of the principal amount of the Notes at a
redemption price equal to 100% of the principal amount of the Notes
redeemed plus the Applicable Premium . . .  and accrued and unpaid
interest."  The First Lien Indenture contains an acceleration
provision that makes "all outstanding Notes . . . due and payable
immediately" if EFIH files a bankruptcy petition.  The same
provision also gives the First Lien Noteholders the right to
"rescind any acceleration [of] the Notes and its consequences[.]"

EFIH borrowed funds again in 2011 and 2012 by issuing two sets of
Notes secured by a second-priority lien on its assets.  As with the
First Lien Noteholders, EFIH promised to pay holders of the Second
Lien Notes a make-whole premium -- in a provision essentially
identical to the First Lien Notes provision -- if it chose to
redeem the Second Lien Notes, at its option, on or before a date
certain (May 15, 2016 for Second Lien Notes set to mature in 2021
and March 1, 2017 for those maturing in 2022).

The Indenture for the Second Lien Notes contains an acceleration
provision different from the First Lien Indenture: if EFIH files a
bankruptcy petition, "all principal of and premium, if any,
interest . . .[,] and any other monetary obligations on the
outstanding Notes shall be due and payable immediately[.]"  Like
the First Lien Noteholders, the Second Lien Noteholders have the
right to "rescind any acceleration [of] the Notes and its
consequences."

When market interest rates went down, EFIH considered refinancing
the Notes.  Refinancing outside of bankruptcy would have required
it to pay the make-whole premium.  By filing for bankruptcy,
however, EFIH believed it might avoid the premium.  Six months
later, on April 29, 2014, EFIH and other members of its corporate
family filed Chapter 11 bankruptcy petitions.  Once in bankruptcy,
EFIH sought to "take advantage of highly favorable debt market
conditions to refinance," beginning with the First Lien Notes.  It
asked the Bankruptcy Court for leave to borrow funds to pay them
off and to offer a settlement to any of its First Lien Noteholders
who agreed to waive their right to the make-whole.

Nine months after granting leave to refinance the First Lien Notes,
the Bankruptcy Court considered whether EFIH had to pay the
make-whole.  The holding was that it did not.  The Bankruptcy Court
further held that the automatic stay prevented the First Lien
Noteholders' attempt to rescind the Notes' acceleration.  The
District Court for the District of Delaware affirmed the Bankruptcy
Court's rulings.

Six months after EFIH refinanced a portion of the Second Lien
Notes, the Court considered the Second Lien Noteholders'
entitlement to the make-whole. In construing the Second Lien
Indenture's provisions, the Court adopted its findings and
conclusions from the make-whole litigation for the First Lien
Noteholders. After rejecting arguments based on the few differences
between the First and Second Lien Indentures' texts, the Court held
that the Second Lien Noteholders also were not entitled to
yield-protection.  The District Court again affirmed.

In the appeals case captioned DELAWARE TRUST COMPANY, f/k/a CSC
Trust Company of Delaware, as Indenture Trustee, Appellant v.
ENERGY FUTURE INTERMEDIATE HOLDING COMPANY LLC; EFIH FINANCE INC.;
AD HOC COMMITTEE OF EFIH UNSECURED NOTEHOLDERS, No. 16-1351 (3d
Cir.), the trustees of the holders of the $4 billion at a 10%
interest rate due in 2020 and the holders of notes secured by a
second-priority lien on its assets argued the Bankruptcy and
District Courts erred by holding that the Indentures did not
require payment of the make-whole when EFIH redeemed the Notes
after their maturity had accelerated.

The Third Circuit held that the language of the First Lien
Indenture requires EFIH to pay a make-whole if it redeems the First
Lien Notes at its option before December 1, 2015, and the Second
Lien Indenture requires the same for redemptions of Second Lien
Notes before May 15, 2016 or March 1, 2017 (depending on the
initial maturity date of the particular debt instruments).  The
Third Circuit pointed out that EFIH redeemed the First Lien Notes
at its option on June 19, 2014, and redeemed a portion of the
Second Lien Notes on March 10, 2015.  Redemptions, not prepayments,
occurred here, they were at the election of EFIH, and they occurred
before the respective dates noted, the Third Circuit added.
Statements of New York law by its highest Court and the federal
Circuit Court in New York reinforce our conclusion that EFIH must
pay the make-whole per the Indenture language before us, the Third
Circuit held.

Accordingly, the judgments of the District Court are reversed with
instructions to remand to the Bankruptcy Court for further
proceedings.

                       *     *     *

According to Peg Brickley and Matthew Jarzemsky of The Wall Street
Journal Pro Bankruptcy, the Third Circuit's decision could roil the
planned bankruptcy exit of Energy Future.

"We are very pleased with the decision and believe it is correct,"
Philip Anker, Esq., lawyer for the bondholders, told WSJ.

"It's going to shift a lot of value from junior creditors back up
to senior secured creditors," John Greene, a portfolio manager at
Halcyon Capital Management LP, a New York asset manager that holds
Energy Future bond debt, also told WSJ.  "We feel vindicated by the
decision, which enforced our contractual rights."

Bill Rochelle, in his Rochelle's Daily Wire column, pointed out
that to escape the seemingly explicit requirement to pay the
premium in bankruptcy, Circuit Court Judge Ambro, who penned the
EFIH decision, followed the 2014 New York bankruptcy court decision
called MPM Silicones, which involved a similar indenture. There,
the judge in Manhattan said that the reference to “premium” was
not adequately specific to invoke the “Applicable Premium,”
which was the defined term for a make-whole premium, Mr. Rochelle
noted.

With respect to the second lien bonds, Judge Ambro reversed the
bankruptcy court because the words "premium, if any" left "no
doubt" that a make-whole was required, Mr. Rochelle related.

Further undercutting MPM Silicones and cases that adopted its
reasoning, Judge Ambro used the remainder of his opinion to explain
why the New York bankruptcy court misinterpreted New York law,
which governed the indentures, Mr. Rochelle pointed out.  Judge
Ambro said that the Manhattan court stretched a New York Court of
Appeals decision "beyond its language," the columnist further
pointed out.  The Delaware bankruptcy court, he said, adopted the
same misinterpretation of New York law, the decision said.

A full-text copy of the Third Circuit's Opinion dated November 7,
2016, is available at:

        http://bankrupt.com/misc/3d16-1351.pdf

Counsel for Appellant Delaware Trust Company:

     Philip D. Anker, Esq.
     Wilmer Cutler Pickering Hale and Dorr LLP
     7 World Trade Center
     250 Greenwich Street
     New York, NY 10007

        -- and --

     Danielle Spinelli, Esquire
     Joel Millar, Esquire
     David Gringer, Esquire
     Isley Gostin, Esquire
     Wilmer Cutler Pickering Hale and Door LLP
     1875 Pennsylvania Avenue, N.W.
     Washington, DC 20006

        -- and --

     James H. Millar, Esquire
     Drinker Biddle & Reath
     1177 Avenue of the Americas, 41st Floor
     New York, NY 10036

        -- and --

     Todd C. Shiltz, Esquire
     Drinker Biddle & Reath LLP
     222 Delaware Avenue, Suite 1410
     Wilmington, DE 19801-1612

        -- and --

     Norman L. Pernick, Esquire
     J. Kate Stickles, Esquire
     Cole Schotz PC
     500 Delaware Avenue, Suite 1410
     Wilmington, DE 19801

Counsel for Appellees Energy Future Intermediate Holding Company
LLC; EFIH Finance Inc.:

     Daniel J. DeFranceschi, Esquire
     Jason M. Madron, Esquire
     Mark D. Collins, Esquire
     Richards Layton & Finger
     920 North King Street
     One Rodney Square
     Wilmington, DE 19801

        -- and --

     Andrew R. McGaan, Esquire
     James H.M. Sprayregen, Esquire
     Marc Kieselstein, Esquire
     Chad J. Husnick, Esquire
     Steven N. Serajeddini, Esquire
     Kirkland & Ellis
     300 North LaSalle Street, Suite 2400
     Chicago, IL 60654

        -- and --

     Edward O. Sassower, Esquire
     Kirkland & Ellis LLP
     601 Lexington Avenue
     New York, NY 10022

        -- and --

     Michael A. Petrino, Esquire
     Kirkland & Ellis
     655 15th Street, N.W., Suite 1200
     Washington, DC 20005

Counsel for Appellants Computershare Trust Company, N.A.;
Computershare Trust Company of Canada:

     Joshua K. Brody, Esquire
     Gregory A. Horowitz, Esquire
     Thomas M. Mayer, Esquire
     Jeffrey S. Trachtman, Esquire
     Kramer Levin Natfalis & Frankel
     1177 Avenue of the Americas
     New York, NY 10032

        -- and --

     Laura D. Jones, Esquire
     James E. O’Neill, III, Esquire
     Robert J. Feinstein, Esquire
     Pachulski Stang Ziehl & Jones
     919 North Market Street
     P.O. Box 8705, 17th Floor
     Wilmington, DE 19801

        -- and --

     Stephanie Wickouski, Esquire
     Bryan Cave LLP
     1290 Avenue of the Americas
     New York, NY 10104-3300

                   About Energy Future

Energy Future Holdings Corp., formerly known as TXU Corp., is a
privately held diversified energy holding company with a Portfolio
of competitive and regulated energy businesses in Texas.

Oncor, an 80 percent-owned entity within the EFH group, is the
largest regulated transmission and distribution utility in Texas.

The Company delivers electricity to roughly three million delivery
points in and around Dallas-Fort Worth. EFH Corp. was created in
October 2007 in a $45 billion leverage buyout of Texas power
company TXU in a deal led by private-equity companies Kohlberg
Kravis Roberts & Co. and TPG Inc.

On April 29, 2014, Energy Future Holdings and 70 affiliated
companies sought Chapter 11 bankruptcy protection (Bankr. D. Del.
Lead Case No. 14-10979) after reaching a deal with some key
financial stakeholders to keep its businesses operating while
reducing its roughly $40 billion in debt.

The Debtors' cases have been assigned to Judge Christopher S.
Sontchi (CSS).

As of Dec. 31, 2013, EFH Corp. reported assets of $36.4 billion in
book value and liabilities of $49.7 billion.  The Debtors have
$42 billion of funded indebtedness.

EFH's legal advisor for the Chapter 11 proceedings is Kirkland &
Ellis LLP, its financial advisor is Evercore Partners and its
restructuring advisor is Alvarez & Marsal. The TCEH first lien
lenders supporting the restructuring agreement are represented by
Paul, Weiss, Rifkind, Wharton & Garrison, LLP as legal advisor,
And Millstein & Co., LLC, as financial advisor.

The EFIH unsecured creditors supporting the restructuring
agreement are represented by Akin Gump Strauss Hauer & Feld LLP,
as
legal advisor, and Centerview Partners, as financial advisor. The
EFH equity holders supporting the restructuring agreement are
represented by Wachtell, Lipton, Rosen & Katz, as legal advisor,
and Blackstone Advisory Partners LP, as financial advisor.  Epiq
Systems is the claims agent.

Wilmington Savings Fund Society, FSB, the successor trustee for
The second-lien noteholders owed about $1.6 billion, is
represented
by Ashby & Geddes, P.A.'s William P. Bowden, Esq., and Gregory A.
Taylor, Esq., and Brown Rudnick LLP's Edward S. Weisfelner, Esq.,
Jeffrey L. Jonas, Esq., Andrew P. Strehle, Esq., Jeremy B. Coffey,
Esq., and Howard L. Siegel, Esq.  An Official Committee of
Unsecured Creditors has been appointed in the case. The Committee
represents the interests of the unsecured creditors of only of
Energy Future Competitive Holdings Company LLC; EFCH's direct
subsidiary, Texas Competitive Electric Holdings Company LLC; and
EFH Corporate Services Company, and of no other debtors. The
Committee has selected Morrison & Foerster LLP and Polsinelli PC
for representation in this high-profile energy restructuring. The
lawyers working on the case are James M. Peck, Esq., Brett H.
Miller, Esq., and Lorenzo Marinuzzi, Esq., at Morrison & Foerster
LLP; and Christopher A. Ward, Esq., Justin K. Edelson, Esq.,
Shanti
M. Katona, Esq., and Edward Fox, Esq., at Polsinelli PC.

In December 2015, the Bankruptcy Court confirmed the Debtors'
Sixth Amended Joint Plan of Reorganization.  In May 2016, certain
first lien creditors of TCEH delivered a Plan Support Termination
Notice to the Debtors and the other parties to the Plan Support
Agreement, notifying the parties of the occurrence of a Plan
Support Termination Event.  The delivery of the Plan Support
Termination Notice caused the Confirmed Plan to become null and
void.

Following the occurrence of the Plan Support Termination Event as
well as the termination of a roughly $20 billion deal to sell the
Debtors' stake in Oncor Electric Delivery Co., the Debtors filed
the Plan of Reorganization and the Disclosure Statement with the
Bankruptcy Court on May 1, 2016.  On May 11, they filed an amended
joint plan of reorganization and a related disclosure statement.

In June 2016, Judge Sontchi approved the disclosure statement
explaining Energy Future Holdings Corp., et al.'s second amended
joint plan of reorganization of the TCEH Debtors and the EFH
Shared Services Debtors.

On Aug. 27, 2016, Judge Sontchi confirmed the Chapter 11 exit
plans of two of Energy Future Holdings Corp.'s subsidiaries, power
generator Luminant and retail electricity provider TXU Energy Inc.


ENERGY FUTURE: Third Circuit Issues Ruling on Indenture Notes
-------------------------------------------------------------
Evan Flaschen, Esq., David Lawton, Esq., and Mark Dendinger, Esq.,
of Bracewell LLP, disclosed that reversing the lower courts, the
Third Circuit Court of Appeals on Nov. 17, 2016, held that, under
New York law (which governs 95% of all indentures), the early
repayment of indenture notes in Chapter 11 is an optional
redemption requiring the payment of make-whole notwithstanding the
automatic acceleration of the notes due to the Chapter 11 filing.
Delaware Trust Co. v. Energy Future Intermediate Holding Company
LLC (In re Energy Future Holdings Corp.), Case No. 16-1251 (5th
Cir. Nov. 17, 2016).  A copy of the decision can be found at:
https://info.bracewelllaw.com/40/986/uploads/energyfuture.pdf

Issues

Ignoring some minor nuances that will be discussed below, these are
the three essential facts:

   1. Secured note indenture includes standard provision for
payment of make-whole amount upon optional redemption prior to
maturity.

   2. Indenture also includes standard provision that maturity of
notes is automatically accelerated in bankruptcy, without
specifying that make-whole amount is still payable.

   3. Issuer prepays notes during Chapter 11 case.

Standard thinking before Energy Future Holdings has been that, due
to the automatic bankruptcy acceleration, a subsequent repayment of
notes occurs after maturity because the maturity itself has been
accelerated.  Therefore, the requirement for payment of a
make-whole prior to maturity does not apply.  This is so even when
the optional redemption provision refers to "small m" "maturity"
rather than the specific contractual date such as by reference to
"Stated Maturity Date."

Third Circuit Decision

The Third Circuit disagrees with the standard thinking that the
automatic acceleration provision overrides the optional redemption
provision and, instead, holds that the two provisions can be read
in harmony.  The optional redemption provision is intended to
preserve the benefit of the noteholders' bargain in committing to
fixed rate notes by enabling the noteholders to receive the
equivalent of their bargained-for return if prepaid in a lower
interest rate environment.  The automatic acceleration provision
simply provides that the notes need to be paid in bankruptcy, as do
all other claims, unless the Bankruptcy Code's reinstatement
provisions are effectively invoked.

Stated different, the automatic acceleration does not mandate
prepayment of the notes prior to the stated maturity of the notes.
Instead, it requires that the notes must be "dealt with" in the
Chapter 11 case, and the debtor has the option of continuing to
perform the notes through their original stated maturity via
invoking the reinstatement provisions.  By deciding to pay off the
notes rather than reinstate them, a debtor is making an optional
decision, which invokes the make-whole due upon optional
redemption.

There were actually two different indentures involved, and one of
them contained a reference in the acceleration provision to the
payment of "premium, if any."  Prior decisions (most notably
Momentive, referred to below) have interpreted this as boilerplate
and held that, if payment of the specific contractual Make-Whole
Amount was intended, the provision should have used the defined
term rather than make a generic reference.  The Third Circuit
disagrees, holding that "premium, if any" "leaves no doubt" that
the make-whole amount must be paid upon early payment.  But even
more to the point, the other indenture did not even refer to
"premium, if any."  Doesn't matter, says the Third Circuit.

The decision is 28 pages and, inevitably, more complicated and
nuanced than just described.  But the bottom line according to the
Third Circuit is that an indenture provision referring to an
optional redemption before maturity

   (i) refers to the contractual maturity date,
  (ii) is not overridden by automatic acceleration in bankruptcy,
and
(iii) encompasses a payment in bankruptcy because the debtor has
the alternative option of reinstating the notes rather than
repaying them.

Nuances

We are often asked whether it matters if notes are secured or
unsecured.  The Energy Future Holdings notes are secured.  We
question whether this matters, relying primarily on an older Second
Circuit decision that, we think, remains good law. See In re United
Merchants & Manufacturers, Inc., 674 F.2d 134 (2nd Cir. 1982).  In
United Merchants, the Second Circuit applied New York law to
conclude that a make-whole amount on unsecured notes was an allowed
claim.

The Third Circuit assumed that the debtor was solvent and,
therefore, could pay all of its unsecured creditors in full without
regard to also paying the make-whole amount.  The Third Circuit
states clearly that "we do not consider whether insolvency might
have affected EFIH's obligations."  Again relying on United
Merchants we note that the debtor was insolvent but the make-whole
amount was still allowed.  A make-whole amount is a contractual
entitlement, whether it can be paid in full as part of a secured
claim or because the debtor is solvent, or whether it is only added
to the claim of an unsecured creditor against an insolvent debtor.

Momentive is on appeal to the Second Circuit Court of Appeals. See
In re MPM Silicones, L.L.C., case no. 15-1682 (2nd Cir. 2016).  The
appeal has been briefed but not adjudicated and it is possible that
the Second Circuit will disagree with the Third Circuit. No
prediction here, just stay tuned!

                        About Energy Future

Energy Future Holdings Corp., formerly known as TXU Corp., is a
privately held diversified energy holding company with a Portfolio
of competitive and regulated energy businesses in Texas.

Oncor, an 80 percent-owned entity within the EFH group, is the
largest regulated transmission and distribution utility in Texas.

The Company delivers electricity to roughly three million delivery
points in and around Dallas-Fort Worth. EFH Corp. was created in
October 2007 in a $45 billion leverage buyout of Texas power
company TXU in a deal led by private-equity companies Kohlberg
Kravis Roberts & Co. and TPG Inc.

On April 29, 2014, Energy Future Holdings and 70 affiliated
companies sought Chapter 11 bankruptcy protection (Bankr. D. Del.
Lead Case No. 14-10979) after reaching a deal with some key
financial stakeholders to keep its businesses operating while
reducing its roughly $40 billion in debt.

The Debtors' cases have been assigned to Judge Christopher S.
Sontchi (CSS).

As of Dec. 31, 2013, EFH Corp. reported assets of $36.4 billion in
book value and liabilities of $49.7 billion.  The Debtors have  $42
billion of funded indebtedness.

EFH's legal advisor for the Chapter 11 proceedings is Kirkland &
Ellis LLP, its financial advisor is Evercore Partners and its
restructuring advisor is Alvarez & Marsal. The TCEH first lien
lenders supporting the restructuring agreement are represented by
Paul, Weiss, Rifkind, Wharton & Garrison, LLP as legal advisor, And
Millstein & Co., LLC, as financial advisor.

The EFIH unsecured creditors supporting the restructuring agreement
are represented by Akin Gump Strauss Hauer & Feld LLP, as legal
advisor, and Centerview Partners, as financial advisor.  The EFH
equity holders supporting the restructuring agreement are
represented by Wachtell, Lipton, Rosen & Katz, as legal advisor,
and Blackstone Advisory Partners LP, as financial advisor.  Epiq
Systems is the claims agent.

Wilmington Savings Fund Society, FSB, the successor trustee for The
second-lien noteholders owed about $1.6 billion, is represented by
Ashby & Geddes, P.A.'s William P. Bowden, Esq., and Gregory A.
Taylor, Esq., and Brown Rudnick LLP's Edward S. Weisfelner, Esq.,
Jeffrey L. Jonas, Esq., Andrew P. Strehle, Esq., Jeremy B. Coffey,
Esq., and Howard L. Siegel, Esq.  An Official Committee of
Unsecured Creditors has been appointed in the case. The Committee
represents the interests of the unsecured creditors of only of
Energy Future Competitive Holdings Company LLC; EFCH's direct
subsidiary, Texas Competitive Electric Holdings Company LLC; and
EFH Corporate Services Company, and of no other debtors.  The
Committee has selected Morrison & Foerster LLP and Polsinelli PC
for representation in this high-profile energy restructuring.  The
lawyers working on the case are James M. Peck, Esq., Brett H.
Miller, Esq., and Lorenzo Marinuzzi, Esq., at Morrison & Foerster
LLP; and Christopher A. Ward, Esq., Justin K. Edelson, Esq., Shanti
M. Katona, Esq., and Edward Fox, Esq., at Polsinelli PC.

In December 2015, the Bankruptcy Court confirmed the Debtors' Sixth
Amended Joint Plan of Reorganization.  In May 2016, certain first
lien creditors of TCEH delivered a Plan Support Termination Notice
to the Debtors and the other parties to the Plan Support Agreement,
notifying the parties of the occurrence of a Plan Support
Termination Event.  The delivery of the Plan Support
Termination Notice caused the Confirmed Plan to become null and
void.

Following the occurrence of the Plan Support Termination Event as
well as the termination of a roughly $20 billion deal to sell the
Debtors' stake in Oncor Electric Delivery Co., the Debtors filed
the Plan of Reorganization and the Disclosure Statement with the
Bankruptcy Court on May 1, 2016.  On May 11, they filed an amended
joint plan of reorganization and a related disclosure statement.

In June 2016, Judge Sontchi approved the disclosure statement
explaining Energy Future Holdings Corp., et al.'s second amended
joint plan of reorganization of the TCEH Debtors and the EFH Shared
Services Debtors.

On Aug. 27, 2016, Judge Sontchi confirmed the Chapter 11 exit plans
of two of Energy Future Holdings Corp.'s subsidiaries, power
generator Luminant and retail electricity provider TXU Energy Inc.


ERIN ENERGY: Delays Filing of Third Quarter Form 10-Q
-----------------------------------------------------
Erin Energy Corporation was unable to file its quarterly report on
Form 10-Q for the quarterly period ended Sept. 30, 2016, within the
prescribed time period because the Company requires additional time
to prepare and review certain information in its financial
statements.  According to the Company, the delay could not be
eliminated without unreasonable effort or expense.  In accordance
with Rule 12b-25 under the Securities Exchange Act of 1934, the
Company anticipates filing its Quarterly Report no later than five
calendar days following the prescribed due date.

For the three months ended Sept. 30, 2016, the Company expects to
report a net loss of approximately $23.5 million, compared to a net
loss of $58.7 million for the same period in 2015.  The Company
believes that the lower net loss will result primarily from lower
depreciation, depletion and amortization expenses for the three
months ended Sept. 30, 2016, of approximately $18.9 million, as
compared to approximately $43.3 million for the same period in
2015.

                       About Erin Energy

Houston, Texas-based Erin Energy Corporation is an independent oil
and gas exploration and production company focused on energy
resources in Africa.  The Company's strategy is to acquire and
develop high-potential exploration and production assets in Africa,
and to explore and develop those assets through strategic
partnerships with national oil companies, indigenous local partners
and other independent oil companies.  Erin Energy Corporation seeks
to build and operate a strategic portfolio of high-impact
exploration and near-term development projects with significant
production, reserves and resources growth potential.  The Company
has production and exploration projects offshore Nigeria, as well
as exploration licenses offshore Ghana, Kenya and Gambia, and
onshore Kenya.

Erin Energy reported a net loss attributable to the Company of
$451.49 million on $68.42 million of revenues for the year ended
Dec. 31, 2015, compared to a net loss attributable to the Company
of $96.06 million on $53.84 million of revenues for the year ended
Dec. 31, 2014.

Grant Thornton LLP, Houston, Texas, issued a "going concern"
qualification on the consolidated financial statements for the year
ended Dec. 31, 2015, citing that the Company incurred net losses in
each of the years ended Dec. 31, 2015, 2014 and 2013, and as of
Dec. 31, 2015, the Company's current liabilities exceeded its
current assets by $314.8 million.  These conditions raise
substantial doubt about the Company's ability to continue as a
going concern.


FIVE-R EXCAVATING: Plan Filing Period Extended to Nov. 23
---------------------------------------------------------
The U.S. Bankruptcy Court for the Western District of Pennsylvania
extended Five-R Excavating, Inc.'s exclusive period to file a
chapter 11 plan and disclosure statement to November 23, 2016.

The Debtor contended that it needed additional time to evaluate its
financial position and put forward a confirmable chapter 11 plan of
reorganization.  The Debtor said that it intends to continue its
negotiations with the Internal Revenue Service to put forth a
confirmable chapter 11 plan.  The Debtor related that without an
Agreement with the IRS, the Debtor could not successfully
reorganize, and that it would like to explore all options prior to
filing a plan or requesting conversion.

                About Five-R Excavating, Inc.

Five-R Excavating, Inc., sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. W.D. Pa., Case No. 16-20639) on February
25, 2016. The petition was signed by Shirley Jeanne Ritenour,
president.  The Debtor is represented by Corey J. Sacca, Esq., at
Bononi & Company, P.C.  The case is assigned to Judge Gregory L.
Taddonio.  The Debtor estimated assets of $0 to $50,000 and debts
of $1 million to $10 million.



FOUNTAINS OF BOYNTON: Creditor Seeks Appointment of Ch. 11 Trustee
------------------------------------------------------------------
Creditor Hanover Acquisition 3 LLC asks the United States
Bankruptcy Court for the District of Florida to appoint a Chapter
11 Trustee for the estates of Fountains of Boynton Associates,
LTD.

According to the motion for the appointment of a Chapter 11
Trustee, the Debtor has commingled its corporate assets, allowed
its property to fall into disrepair and eschewed reporting
requirements under its loan documents for years.

The creditor asserts that:

     (a) trust cannot be reposed in the management who allows its
mortgage to go unpaid while simultaneously allowing tenants to pay
rent pursuant to oral agreements or other undocumented
arrangements, provides services free of charge to other entities,
fails to renew leases of perfectly acceptable tenants, travels
excessively, ignores court orders, and allows the Debtor's property
to fall into a state of disrepair;

     (b) the Debtor's past and present performance falls flat;

     (c) the Debtor's conduct, whether fraudulent or not, have
necessarily eroded the community's and creditors' confidence in the
Debtor; and

     (d) the expense of a trustee will be significantly outweighed
by the benefits.

Attorneys for Creditor Hanover Acquisition 3 LLC are:

         Courtney A. McCormick, Esq.
         COURTNEY A. MCCORMICK
         50 N. Laura Street, Suite 3300
         Jacksonville, FL 32202
         Tel.: (904) 798-3200
         Fax: (904) 798-3207
         Email: emccormick@mcguirewoods.com

            -- and --

         Thomas R. Walker, Esq.
         MCGUIREWOODS LLP
         1230 Peachtree Street N.E., Suite 2100
         Atlanta, GA 30309
         Tel.: (404) 443-5705
         Fax: (404) 443-5763
         Email: trwalker@mcguirewoods.com

              About Fountains of Boynton Associates

Fountains of Boynton Associates, Ltd., based in Boynton Beach,
Fla., sought Chapter 11 bankruptcy protection (Bankr. S.D. Fla.
Case No. 16-11690) on Feb. 5, 2016. The Debtor considers itself a
"single asset real estate".  The Hon. Erik P. Kimball oversees the
case. Bradley S Shraiberg, Esq., and Patrick Dorsey, Esq., at
Shraiberg, Ferrara, & Landau, serve as the Debtor's counsel.  The
petition was signed by John B. Kennelly, manager.

The Debtor disclosed total assets of $71,421,648 and total
liabilities of $53,672,029 at the time of filing.


GETTY IMAGES: Bank Debt Trades at 15% Off
-----------------------------------------
Participations in a syndicated loan under Getty Images Inc.
Industrial is a borrower traded in the secondary market at 84.80
cents-on-the-dollar during the week ended Friday, November 11,
2016, according to data compiled by LSTA/Thomson Reuters MTM
Pricing.  This represents an increase of 0.75 percentage points
from the previous week.  Getty Images Inc. pays 350 basis points
above LIBOR to borrow under the $1.9 billion facility. The bank
loan matures on Oct. 14, 2019 and carries Moody's B3 rating and
Standard & Poor's CCC+ rating.  The loan is one of the biggest
gainers and losers among 247 widely quoted syndicated loans with
five or more bids in secondary trading for the week ended November
11.


GRACE GEMS GALLERIA: Betancourt-Jones Buying Personalty for $40,000
-------------------------------------------------------------------
Grace Gems Galleria, LLC, asks the U.S. Bankruptcy Court for the
Western District of Pennsylvania to authorize the sale of personal
property to Grace Betancourt-Jones for $40,000.

The Debtor owns assets used in the operation of its business.
Those assets include these personal property: gems, beads, jewelry,
findings, electronics, shelves, lights, office equipment, books and
essential oils.

The Debtor and the Buyer entered into a Bill of Sale of Personal
Property on Sept. 30, 2016 for the purchase price of $40,000.  The
personal property is being sold as-is, where-is.  While the
purchaser is an insider, the offer was submitted in good faith and
the purchase price will be paid via non-estate funds.

A copy of the Bill of Sale of Personal Property and the inventory
list of the personalty to be sold attached to the Motion is
available for free at:

          http://bankrupt.com/misc/Grace_Gems_109_Sales.pdf

The parties which may hold liens, claims and encumbrances against
the personal property are: (i) Internal Revenue Service, (ii)
Pennsylvania Department of Revenue, and (iii) Terri Imbarlina
Patak.

The Debtor believes, and therefore avers, that the proposed sale is
fair and reasonable and acceptance and approval of the same is in
the best interest of the Estate.  Accordingly, the Debtor asks the
Court to approve the sale of the personalty free and clear of all
liens, claims and encumbrances.

Counsel for the Debtor:

          Robert O Lampl, Esq.
          John P. Lacher, Esq.
          David L. Fuchs, Esq.
          Ryan J. Cooney, Esq.
          960 Penn Avenue, Suite 1200
          Pittsburgh, PA 15222
          Telephone: (412) 392-0330
          Facsimile: (412) 392-0335
          E-mail: rlampl@lampllaw.com

                    About Grace Gems Galleria

Grace Gems Galleria, LLC, sought Chapter 11 protection (Bankr. W.D.
Penn. Case No. 15-24218) on Nov. 18, 2015.  The petition was signed
by Ronald S. Jones, president.

The Debtor estimated assets in the range of $50,000 and $100,000
and $100,000 and $500,000 in debt.

The Debtor tapped Robert O Lampl, Esq. as counsel.


GRISHAM FARM: Case Summary & 20 Largest Unsecured Creditors
-----------------------------------------------------------
Debtor: Grisham Farm Products, Inc.
        7364 Newkirk Road
        Mountain Grove, MO 65711

Case No.: 16-61149

Chapter 11 Petition Date: November 16, 2016

Court: United States Bankruptcy Court
       Western District of Missouri (Springfield)

Debtor's Counsel: Jonathan A. Margolies, Esq.
                  MCDOWELL, RICE, SMITH & BUCHANAN, PC
                  605 W. 47th Street, Suite 350
                  Kansas City, MO 64112
                  Tel: 816-753-5400
                  Fax: 816-753-9996
                  E-mail: jmargolies@mcdowellrice.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Lexie Grisham, director.

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

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

          http://bankrupt.com/misc/mowb16-61149.pdf


HELDRICH CENTER: Moody's Affirms Caa1 Rating on 2 Bonds
-------------------------------------------------------
Moody's Investors Service changed the rating outlook for Middlesex
County Improvement Authority, NJ's Heldrich Center Hotel Project
Series 2005A and Series 2007A bonds to negative from stable.
Concurrent with this rating action, Moody's affirmed the Caa1
rating assigned to the Series 2005A and Series 2007A bonds.

                          RATINGS RATIONALE

The change in rating outlook to negative is based on the hotel
project's year to date September FY 2016 financial performance
which suggests that internal unrestricted cash plus cash flows from
operations may not be sufficient to cover the senior debt service
during the next twelve months, resulting in the need for the
project to draw from the senior debt service reserve fund to fill
the shortfall between senior debt service and cash flows.

The Caa1 rating on Middlesex County Improvement Authority, NJ's
Heldrich Center Hotel Project Series 2005A and Series 2007A bonds
(cusips: 596566PV5, 596566PW3, & 596566PX1) reflects chronically
weak operating and financial performance of the hotel, narrow cash
balances, the deferment of management fees until fiscal 2014 to
improve internal cash flow, as the project has already exhausted
its furniture, fixtures and equipment reserve.  The rating
recognizes the existence of a cash-funded 12 month debt service
reserve fund which can serve to delay a senior debt service
default.  Based on recent financial performance and our belief that
near-term future financial performance is likely to mirror these
results, the likelihood of the project needing to draw on the
senior debt service reserve fund of about $2 million cash has
increased.  Moreover, we believe that such liquidity provides the
project sufficient funding to meet debt service for the next five
fiscal years.

An important rating consideration for the senior bonds is the
acknowledgment that the subordinate bonds and junior lien
bondholders, which collectively aggregate almost 75% of the total
debt at year-end 2015 continue to not receive debt service payments
with such amounts being deferred.  However subordinate or junior
lien bondholders cannot trigger a default on the senior lien bonds
when cash flows are not sufficient to cover subordinate or junior
lien debt service.  This feature provides protection to the senior
bondholders from a default and recovery perspective. That said, our
rating incorporates the continuing weak financial profile of the
project and the belief that a debt restructuring seems inevitable
at some future point.

                             OUTLOOK

The negative rating outlook reflects the view that the continued
weak financial performance increases the likelihood of the
project's need to draw on the senior debt service reserve fund to
meet senior debt service over the next 12 months.

What could move the rating - Up

In light of the negative outlook and the prospects for the project,
a positive rating action is not likely in the near-term
The rating could be stabilized if operating and financial
performance improved to a level that enabled the project satisfy
senior debt service from internal sources plus allowed for cash
balances to grow on a year-over-year basis.

What could move the rating - Down

If there was actual draw on the senior debt service reserve fund,
which in Moody's mind, increases the probability of a debt
restructuring.

If Moody's view concerning loss given default for the senior debt
holders changes.

The principal methodology used in these ratings was Generic Project
Finance Methodology published in December 2010.


HIGHLANDS OF MEMPHIS: Can Use Cash Collateral Until Nov. 22
-----------------------------------------------------------
Judge David S. Kennedy of the U.S. Bankruptcy Court for the Western
District of Tennessee authorized The Highlands of Memphis, LLC, The
Highlands of Dyersburg, LLC, and Regional Healthcare Services, LLC
to use cash collateral on an interim basis, until
Nov. 22, 2016.

The Debtors required the immediate use of cash collateral to
operate their on-going businesses and to fund interim critical cash
requirements, including the payment of wages, maintenance expenses,
utility expenses, rent and insurance premiums related to the
facility, among other things, until such time a final hearing on
their Motion can be conducted.

The approved Budget provided for total expenses in the amount of
$664,653 for Dyersburg.

Capital Finance and FC Highlands, and its assigns, were granted
replacement, postpetition security interests in and liens upon all
of the Debtors' assets of the same validity, extent, priority, and
type in which they hold prepetition liens or security interests.

The Debtors were directed to segregate and retain all prepetition
cash collateral and post-petition accounts receivable collected
from the operation of their business in one or more accounts, as
additional adequate protection to Capital Finance.

A final hearing on the Debtor's Cash Collateral Motion is scheduled
on Nov. 22, 2016 at 10:00 a.m.

A full-text copy of the Order, dated Nov. 14, 2016, is available at
http://bankrupt.com/misc/HighlandsofDyersburg2016_1630096-62.pdf

Capital Finance, LLC is represented by:

          James B. Sowka, Esq.
          SEYFARTH SHAW LLP
          131 S. Dearborn Street, Suite 2400
          Chicago, IL. 60603-5577

FC Highlands, LLC is represented by:

          Joel L. Perrell, Jr., Esq.
          MILES & STOCKBRIDGE P.C.
          100 Light Street
          Baltimore, MD 21202

                    About The Highlands of Memphis

The Highlands of Memphis, LLC, d/b/a The Highlands of Memphis
Health & Rehab, The Highlands of Dyersburg, LLC and Regional
Healthcare Services, LLC each filed Chapter 11 petitions (Bankr.
W.D. Tenn. Case No. 16-30025, 16-30096, and 16-30027,
respectively), on Oct. 31, 2016.  The petitions were signed by
Denny R. Barnett, chief manager.  The cases are assigned to Judge
David S. Kennedy.  

At the time of filing, The Highlands of Memphis estimated assets
and liabilities at $1 million to $10 million each, while Regional
Healthcare Services estimated assets and liabilities at $0 to
$50,000.

The Highlands of Memphis is a Tennessee limited liability company
whose activities are centered on the delivery of long term
healthcare and skilled nursing care to individual patient
residents.



HILTZ WASTE: Can to Use First Ipswich Bank Cash on Interim Basis
----------------------------------------------------------------
Judge Joan N. Feeney of the U.S. Bankruptcy Court for the District
of Massachusetts authorized Hiltz Waste Disposal, Inc., to use cash
collateral on an interim basis.

The Debtor was directed to make monthly adequate protection
payments to First Ipswich Bank, in the amount of $22,000, on the
dates specified in the parties' loan documents.

First Ipswich Bank is granted a valid, binding, enforceable and
perfected replacement and continuing security interest in, and lien
on, all of the Debtor's present and after-acquired prepetition and
post-petition assets.  First Ipswich Bank is also granted a
superpriority claim as provided for in Section 507(b) of the
Bankruptcy Code.

A final hearing on the Debtor's Motion is scheduled on Nov. 29,
2016 at 11:45 a.m.  The deadline for the filing of objections to
the Debtor's Motion is set on Nov. 28, 2016 at 12:00 p.m.

A full-text copy of the Order, dated Nov. 14, 2016, is available at

http://bankrupt.com/misc/HiltzWaste2016_1613459_66.pdf

                About Hiltz Waste Disposal

Hiltz Waste Disposal, Inc., filed a chapter 11 petition (Bankr. D.
Mass. Case No. 16-13459) on Sept. 7, 2016.  The petition was signed
by Deborah S. Hiltz, president. The Debtor is represented by Aaron
S. Todrin, Esq., at Sassoon & Cymrot, LLP.  The case is assigned to
Judge Joan N. Feeny.  At the time of the filing, the Debtor
estimated assets and liabilities at $1 million to $10 million.  No
official committee of unsecured creditors has been appointed in the
case.


HIMA-KUNAL LLC: Court Extends Plan Filing Period to Feb. 21
-----------------------------------------------------------
Judge Dwight H. Williams, Jr. of the U.S. Bankruptcy Court for the
Middle District of Alabama extended Hima-Kunal, LLC's exclusive
period to file a chapter 11 plan for 90 days from the original
deadline of November 23, 2016, or until February 21, 2016.

The Debtor told the Court that it negotiated the sale of its hotel
in Eufala, Alabama, and filed a Motion to Sell the property.  The
Debtor further told the Court that the purchaser was unable to
complete the sale and that the Debtor has other potential
purchasers that are making offers to purchase the hotel.

The Debtor contended that a Chapter 11 Plan of Reorganization
cannot be formulated within the initial period and that an
extension of at least 90 days will allow the for the Debtor to
present a confirmable Plan.

                   About Hima-Kunal, LLC.

Hima-Kunal, LLC, owner of a hotel in Eufaula, Alabama, filed a
chapter 11 petition (Bankr. M.D. Ala. Case No. 16-30216) on January
27, 2016.  The petition was signed by Nishil J. Patel, member.  The
Debtor is represented by Michael A. Fritz, Sr., Esq., at Fritz Law
Firm.  The case is assigned to Judge Dwight H. Williams Jr.  The
Debtor estimated assets at $0 to $50,000 and liabilities at $1
million to $10 million at the time of the filing.



HOOPER HOLMES: Incurs $2.05 Million Net Loss in Third Quarter
-------------------------------------------------------------
Hooper Holmes Inc. reported a net loss of $2.05 million on $9.75
million of revenues for the three months ended Sept. 30, 2016,
compared to a net loss of $2.11 million on $9.27 million of
revenues for the three months ended Sept. 30, 2015.

For the nine months ended Sept. 30, 2016, the Company reported a
net loss of $7.94 million on $24.63 million of revenues compared to
a net loss of $7.58 million on $22.61 million of revenues for the
same period a year ago.

As of Sept. 30, 2016, Hooper Holmes had $17.46 million in total
assets, $18.04 million in total liabilities and a $578,000 total
stockholders' deficit.

Henry Dubois, president and CEO of Hooper Holmes commented, "Gross
profit and adjusted EBITDA improved for the third consecutive
quarter.  While we have experienced a longer than usual lead time
in ramping up revenue from new contracts, revenues have increased
8.9% on a year-to-date basis, compared to 2015.  As top line
revenue increases, along with better gross and operating margins,
we expect to be generating cash flows from operations."

Mr. Dubois continued, "Revenue from our top 10 Channel Partners and
Clinical Research customers grew 25% in the 2016 third quarter
compared to the 2015 third quarter, and 18% year-to-date on a
year-over-year basis.  Revenue from our top 10 Direct customers
grew 17% compared to the 2015 third quarter.  As a result of these
trends our business in the fourt quarter 2016 is off to a good
start and should compare favorably to the fourt quarter 2015.  We
believe this gives us a solid base on which to grow as we continue
to execute our plans to improve financial performance.  As 2017
begins we expect to see continued year-over-year improvements."

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

                         https://is.gd/uO5C1N

                         About Hooper Holmes

Hooper Holmes, Inc., provides health risk assessment services and
wellness as well as health improvement services with
its acquisition of Accountable Health Solutions, Inc. (AHS).  The
Olathe, Kansas-based Company provides these services to
individuals as part of health and wellness programs offered through
corporate and government employers, and to clinical
research organizations.

As of June 30, 2016, Hooper Holmes had $14.62 million in total
assets, $15.10 million in total liabilities and a total
stockholders' deficit of $477,000.

The Company reported a net loss of $10.87 million in 2015, a net
loss of $8.47 million in 2014 and a net loss of $11.27 million in
2013.

KPMG LLP, in Kansas City, Missouri, 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, negative cash flows from operations and
other related liquidity concerns, which raises substantial doubt
about the Company's ability to continue as a going concern.


ILLINOIS POWER: Incurs $66 Million Net Loss in Third Quarter
------------------------------------------------------------
Illinois Power Generating Company filed with the Securities and
Exchange Commission its quarterly report on Form 10-Q disclosing a
net loss of $66 million on $147 million of revenues for the three
months ended Sept. 30, 2016, compared to a net loss of $517 million
on $146 million of revenues for the same period during the prior
year.

For the nine months ended Sept. 30, 2016, the Company reported a
net loss of $643 million on $343 million of revenues compared to a
net loss of $552 million on $420 million of revenues for the nine
months ended Sept. 30, 2015.

As of Sept. 30, 2016, Illinois Power had $497 million in total
assets, $999 million in total liabilities and a total deficit of
$502 million.

At Sept. 30, 2016, the Company's liquidity consisted of $84 million
of cash on hand.  Due to the ring-fenced nature of IPH and Genco,
cash at the IPH and Genco entities may not be moved out of these
entities without meeting certain criteria.  However, cash at these
entities is available to support current operations of these
entities.  Based on current projections as of Sept. 30, 2016, the
Company expects daily working capital needs and capital
expenditures to be sufficiently covered by its operating cash flows
and cash on hand through 2016.

A full-text copy of the Form 10-Q is available for free at:

                    https://is.gd/JyTic3

                    About Illinois Power

Illinois Power Generating Company is an electric generation
subsidiary of Illinois Power Resources, LLC, which is an indirect
wholly-owned subsidiary of Dynegy Inc.  The Company is
headquartered in Houston, Texas and were incorporated in Illinois
in March 2000.  It owns and operates a merchant generation business
in Illinois.  The Company has an 80 percent ownership interest in
Electric Energy, Inc., which it consolidates for financial
reporting purposes.  EEI operates merchant electric generation
facilities in Illinois and FERC-regulated transmission facilities
in Illinois and Kentucky.  The Company also consolidates its
wholly-owned subsidiary, Coffeen and Western Railroad Company, for
financial reporting purposes.

Illinois Power reported a net loss of $563 million on $534 million
of revenues for the year ended Dec. 31, 2015, compared to a net
loss of $48 million on $648 million of revenues for the year ended
Dec. 31, 2014.

                          *    *    *

As reported by the TCR on June 17, 2016, S&P Global Ratings revised
its outlook on Illinois Power Generating Co. to negative from
stable.  At the same time, S&P affirmed the 'CCC+' corporate credit
rating and 'CCC+' ratings on the senior unsecured debt.

As reported by the TCR on Oct. 11, 2016, Moody's Investors Service
downgraded the corporate family rating, Probability of Default
rating (PD) and senior unsecured rating of Illinois Power
Generating Company (Genco) to 'Ca' from 'Caa3'.  The speculative
grade
liquidity rating is affirmed at 'SGL-4'.  The rating outlook is
negative.


ILSUNG CORP: Completes Rehabilitation, Exits Court Receivership
---------------------------------------------------------------
Ilsung Corporation on Nov. 14, 2016, announced the Termination of
its Court Administered Rehabilitation and Reorganization Program.
The company submitted a revised operating plan on October 12, 2016
to the Ulsan District Court.  This operating plan was approved on
October 27, 2016 effectively discharging Ilsung Corporation from
any judicial supervision or oversight, and normalizing business
operations.

Ilsung Corporation, founded in July, 1984, is based in Ulsan, Korea
with a satellite sales office in Houston, specializes in Oil & Gas
and Power processing equipment and Module fabrication.

The Commencement of the company's Rehabilitation began in April,
2012 and its Revised Rehabilitation Plan was agreed with the
assembly of the related creditors and later approved by the Ulsan
District Court on August 8, 2016.

Despite the court protection status during the past 4 years and 7
months, Ilsung has achieved sales revenue of $75 million USD and
has accomplished significant improvements to its operations by
streamlining procedures to operate the company more efficiently,
with less overhead and continuing to delivery extremely
high-quality products, delivered on-time that are competitively
priced.

Ilsung successfully attracted new investment capital from UAMCO
and has repaid its debts in accordance with the court approved
Revised Rehabilitation Plan.  These procedural steps effectively
ended the Rehabilitation Procedure and court supervision.

CEO, Jae-Hyuk Chang said, "I truly appreciate the tremendous effort
put forth by all of our stakeholders.  Diligent work from our
creditors, sub-vendors, executives, and all staff members during
this difficult period were instrumental in successfully completing
the company's rehabilitation and normalization of operations.  It
is truly a touching and significant milestone for every one of us
at Ilsung.  Now it is time to make another great history for the
new Ilsung as we celebrate our rebirth as a stronger, wiser and
more efficient organization."

It is expected that Ilsung, as a new independent company without
any external constraints, will be a major player as a global leader
in the Oil & Gas and Power industry for its world-wide clients,
such as Shell, UOP, Bechtel, Fluor, CB&I, Technip, Chiyoda, KBR and
many other esteemed customers.


INFORMATICA CORP: Bank Debt Trades at 3% Off
--------------------------------------------
Participations in a syndicated loan under Informatica Corp is a
borrower traded in the secondary market at 97.50
cents-on-the-dollar during the week ended Friday, November 11,
2016, according to data compiled by LSTA/Thomson Reuters MTM
Pricing.  This represents a decrease of 0.45 percentage points from
the previous week.  Informatica Corp pays 350 basis points above
LIBOR to borrow under the $1.8 billion facility. The bank loan
matures on June 1, 2022 and carries Moody's B2 rating and Standard
& Poor's B rating.  The loan is one of the biggest gainers and
losers among 247 widely quoted syndicated loans with five or more
bids in secondary trading for the week ended November 11.


INSTITUTE OF CARDIOVASCULAR: Wants Feb. 14 Plan Filing Extension
----------------------------------------------------------------
Institute of Cardiovascular Excellence, PLLC, and its affiliated
Debtors ask the U.S. Bankruptcy Court for the Middle District of
Florida to extend their exclusive periods for filing a chapter 11
plan and disclosure statement and to solicit acceptances to the
plan, to February 14, 2017 and April 17, 2017, respectively.

Absent an extension, the Debtors' exclusive period to file a plan
would have expired on November 16, 2016.  The Debtors' exclusive
period to solicit acceptances to the plan is set to expire on
January 17, 2017.

The Debtors relate that the sale process of the Debtors' assets is
currently ongoing and the result of the sale will have a material
impact on any plan.  The Debtors further relate that the proposed
settlement agreement with the US Government and Florida State
Government, which is yet to be approved, will have a material
impact on the plan as well.

      About Institute of Cardiovascular Excellence, PLLC.

Institute of Cardiovascular Excellence, PLLC, based in Ocala,
Florida, filed a Chapter 11 petition (Bankr. M.D. Fla. Case No.
16-01491) on April 20, 2016.  The petition was signed by Asad
Qamar, manager.  The Debtor is represented by Aaron A Wernick,
Esq., at Furr & Cohen, PA.  The Debtor estimated $0 to $50,000 in
assets and $10 million to $50 million in liabilities at the time of
the filing.

Judge Jerry A. Funk presides over the case.

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



INTERTAIN GROUP: Moody's Affirms B2 CFR, Outlook Remains Stable
---------------------------------------------------------------
Moody's Investors Service affirmed The Intertain Group Limited's B2
corporate family rating, B2-PD probability of default rating, and
SGL-2 speculative grade liquidity rating.  Moody's also upgraded
the ratings on the company's first lien revolver and term loan to
Ba3 from B2, and assigned a Caa1 rating to the proposed GBP160
million (C$266 million) second lien term loan.  Moody's has
withdrawn the B2 rating on the proposed GBP200 million senior
secured notes as the company has terminated the issuance.  The
company has also cancelled the upsize of the revolver to US$35
million from US$17.5 million.  The ratings outlook remains stable.

Net proceeds from the second lien term loan, together with a gain
from a cross-currency swap, will be used to prepay a portion of an
earn-out (about C$250 million), with the balance set aside to be
used against future earn-out payments.

"The affirmation of the CFR considers that while Intertain's
transaction will increase debt by C$266 million, the company should
be able to reduce leverage (adjusted Debt/EBITDA) to about 3x from
pro forma 3.5x through the next 12 to 18 months," said Peter Adu,
Moody's AVP.  "The first lien debt ratings were upgraded due to the
loss absorption cushion provided by the new second lien term loan",
added Adu.

Ratings Affirmed:

  Corporate Family Rating, B2
  Probability of Default Rating, B2-PD
  Speculative Grade Liquidity, SGL-2

Ratings Upgraded:

  US$17.5 million First Lien Revolver due 2020, to Ba3 (LGD2) from

   B2 (LGD3)
  US$273 million First Lien Term Loan B due 2022, to Ba3 (LGD2)
   from B2 (LGD3)

Rating Assigned:

  New GBP160 million second lien term loan due 2023, Caa1 (LGD5)

Rating Withdrawn:

  GBP200 million secured notes due 2022, WR

Outlook:

  Remains Stable

                        RATINGS RATIONALE

Intertain's B2 CFR is primarily driven by its limited operating
track record in the online gaming industry, acquisition growth
orientation, high business risk, small scale and limited product
and geographic diversity (mostly online bingo in the UK).  These
factors are mitigated by its moderate leverage (pro forma adjusted
Debt/EBITDA) of 3.5x (4.7x including remaining earn-out payments),
good free cash flow generation, concentration of operations in
regulated markets and good industry growth prospects.

Moody's considers Intertain's liquidity to be good (SGL-2).  This
is supported by cash of C$104 million at Q3/2016 (including
C$37 million reserved for earn-out payments), Moody's expectation
of positive free cash flow of about C$100 million for the next 4
quarters, full availability under its US$17.5 million revolving
credit facility that matures in April 2020, and about C$70 million
of proceeds from early termination of a currency swap.  These
sources are more than sufficient to cover annual term loan
amortizations of about C$43 million and C$142 million of earn-out
payments due in June 2017.  Intertain will be subject to a
springing maximum leverage covenant which Moody's does not expect
it to be triggered in the next 4 quarters.  Intertain has limited
ability to generate liquidity from asset sales as its assets are
encumbered.

The stable outlook reflects Moody's expectation that Intertain will
use its strong free cash flow to improve its leverage through the
next 12 to 18 months.

The rating could be upgraded if Intertain demonstrates a longer
track record of managing its operations, while sustaining adjusted
Debt/EBITDA below 4x (currently 3.5x) and EBIT/Interest above 4x
(currently 1.8x).  The rating could be downgraded if adjusted
Debt/EBITDA is sustained above 5x and EBIT/Interest below 2x.  A
material deterioration in liquidity would also cause a downgrade.

The principal methodology used in these ratings was Global Gaming
Industry published in June 2014.

The Intertain Group Limited, headquartered in Toronto, is an online
gaming holding company that provides bingo, casino and other games
to a global consumer base, with a focus on online UK bingo.
Revenue for the twelve months ended Sept. 30, 2016, was about C$498
million.  The company holds gambling licenses in Malta, Gibraltar,
the UK and Spain.



INTERVENTION ENERGY: Fails to Comply with Stipulation, EIG Says
---------------------------------------------------------------
EIG Management Company, LLC, asks the Delaware bankruptcy court to
compel Intervention Energy Holdings, LLC and Intervention Energy,
LLC to comply with the terms of a stipulation, including by
producing documents and information EIG has reasonably requested,
and otherwise cooperating with EIG, in connection with the
anticipated assignment of 100% of the equity in IE LLC to EIG.  The
assignment was slated for November 15, 2016.

EIG explains that the Debtors are not honoring their obligations
under the "Stipulation and Order Regarding Resolution of Certain
Issues in the Chapter 11 Cases" to work cooperatively and in good
faith with EIG to carry out the terms of the Stipulation. Among
other things, the Debtors have ignored EIG's reasonable and
repeated requests to provide certain documents and information
related to the anticipated assignment of 100% of the equity in
Intervention Energy, LLC to EIG on November 15, 2016, pursuant to
the Stipulation.  EIG contends that the Court should enforce the
terms Stipulation and compel the Debtors to comply with its terms
and, specifically, to communicate and cooperate with EIG on an
ongoing basis in connection with the anticipated transfer of
ownership of IE LLC.

Among other things, the Stipulation establishes a framework and
timeline whereby the Debtors are required to either indefeasibly
satisfy Obligations to EIG in full, in cash, or the Equity
Assignment will automatically become effective, and the automatic
stay will terminate as to EIG, no later than November 30, 2016 --
and possibly as early as November 15, 2016.

According to EIG, the Stipulation resolved various disputes between
the Debtors and EIG in these chapter 11 cases, and provided the
Debtors an opportunity to locate financing and expediently resolve
these cases by satisfying the Debtors' obligations to EIG in full.
The Debtors and EIG vigorously negotiated the terms of the
Stipulation. As part of such negotiations, EIG bargained for, and
the Debtors agreed to, certain carefully crafted protections
designed to maximize the value of the enterprise and provide for a
smooth transition of the ownership of IE LLC to EIG if the Debtors
fail to obtain the financing contemplated in the Stipulation.

"Recognizing that transferring ownership of IE LLC -- a business
that must continue to operate to maximize value (unlike a vehicle,
for example, where the owner can simply hand over the keys in a
foreclosure scenario) -- would require planning and mutual
cooperation among EIG and the Debtors, EIG negotiated language in
the Stipulation requiring the Debtors to work cooperatively and in
good faith to ensure a smooth transition of ownership of IE LLC as
is anticipated to occur on November 15," EIG says.

EIG also has a pending request to dismiss the chapter 11 case of IE
LLC following the anticipated effectiveness of the Equity
Assignment.

EIG Management Company, LLC, is the administrative agent under a
Note Purchase Agreement, dated as of January 6, 2012 , and appeared
on behalf of EIG Energy Fund XV, L.P., EIG Energy Fund XV-A, L.P.,
EIG Energy Fund XV-B, L.P., and EIG Energy Fund XV (Cayman), L.P.,
as noteholders under the Note Purchase Agreement.

Co-Counsel to EIG Management Company, LLC, and Affiliated Funds and
Entities:

     Domenic E. Pacitti, Esq.
     KLEHR HARRISON HARVEY BRANZBURG LLP
     919 N. Market Street, Suite 1000
     Wilmington, DE 19801
     Telephone: (302) 426-1189
     Facsimile: (302) 426-9193

          - and -

     Morton Branzburg, Esq.
     KLEHR HARRISON HARVEY BRANZBURG LLP
     1835 Market Street, Suite 1400
     Philadelphia, PA 19103
     Telephone: (215) 569-2700
     Facsimile: (215) 568-6603

          - and -

     Paul M. Basta, Esq.
     Chad J. Husnick, Esq.
     KIRKLAND & ELLIS LLP
     601 Lexington Avenue
     New York, NY 10022
     Telephone: (212) 446-4800
     Facsimile: (212) 446-4900

          - and -

     Judson Brown, Esq.
     KIRKLAND & ELLIS LLP
     655 Fifteenth Street, N.W.
     Washington, D.C., 20005
     Telephone: (202) 879-5000
     Facsimile: (202) 879-5200

          - and -

     Brian E. Schartz, Esq.
     KIRKLAND & ELLIS LLP
     600 Travis Street, Suite 3300
     Houston, TX 77002
     Telephone: (713) 835-3600
     Facsimile: (713) 835-3601

                   About Intervention Energy

Intervention Energy Holdings, LLC and Intervention Energy, LLC
filed for Chapter 11 protection (Bankr. D. Del. Lead Case No.
16-11247) on May 20, 2016.  The petition was signed by John R.
Zimmerman, president.  The Hon Kevin J. Carey presides over the
case.

The Debtor estimated assets and debt of $100 million to $500
million.

The Debtor tapped DLA Piper LLP (US) as counsel, and Rust
Consulting/Omni Bankruptcy, as claims and noticing agent, and PJT
Partners LP as investment banker.

EIG Energy Fund XV-A, L.P. is Intervention's largest creditor,
holding $140 million in secured note debt against the company.
EIG
in October 2015 declared Intervention in default of the note
purchase agreement and negotiated the forbearance agreement with
the company.

EIG is represented in the case by Domenic E. Pacitti and Morton
Branzburg of Klehr Harrison Harvey Branzburg LLP; and Paul M.
Basta, Judson Brown and Brian E. Schartz of Kirkland & Ellis LLP.


INTERVENTION ENERGY: Nov. 22 Hearing on Bid to Extend Exclusivity
-----------------------------------------------------------------
The Delaware bankruptcy court will hold a hearing on Nov. 22, 2016,
to consider Intervention Energy Holdings, LLC's request to extend
the exclusivity periods for the filing and solicitation of
acceptances of a Chapter 11 Plan.

EIG Energy Fund XV-A, L.P. has objected to the extension request.

The Debtors' Exclusive Filing Period and the Solicitation Period
were set to expire on September 16, 2015 and November 16, 2016,
respectively.  The Debtors request a 105-day extension of each,
which, if granted, would extend the Exclusive Filing Period through
December 31, 2016, and the Solicitation Period through March 1,
2017.

The Debtors' Extension Motion, filed in September, narrated that on
May 20, 2016, the Debtors filed a Motion for Interim and Final
Orders (A) Authorizing Debtors' Use of Cash Collateral, (B)
Granting Adequate Protection, and (C) Scheduling a Final Hearing.
On August 9, 2016, the Court entered the Final Order (A)
Authorizing Use of Cash Collateral, (B) Granting Liens and
Providing SuperPriority Administrative Expense Status, (C) Granting
Adequate Protection, and (D) Modifying Automatic Stay.  

On May 24, 2016, EIG Energy Fund XV-A, L.P. filed a Motion to
Dismiss the Chapter 11 Cases.  The Motion to Dismiss was resolved
pursuant to a Stipulation and Order that was approved by the Court
on August 9, 2016.  The Stipulation allows the Debtors until
November 15, 2016 to obtain a Qualified Financing Commitment and
until November 30, 2016 -- the "Outside Date" -- for the closing of
such transaction for the satisfaction of all EIG Obligations.

At the June 7, 2016, hearing on the Motion to Dismiss, the Court
stated "that it's not my intention to extend the exclusive period
beyond the initial 120-day period. . . And my strong suggestion to
the debtor, at least as the circumstances stand today, would be not
to even ask for an extension of that time frame."

Since that June 7, 2016 hearing, the Debtors and EIG have resolved
the Motion to Dismiss and Cash Collateral-related issues.  The
Debtors explained they are seeking an extension of the Exclusivity
Periods consistent with the path forward agreed to between EIG and
the Debtors, which provides time for the Debtors to seek a
refinancing transaction that would satisfy the EIG Obligations in
full on or before the Outside Date of November 30, 2016, and permit
some additional time to finalize the formulation of and file a
plan.  The Debtors at that time they were actively in discussions
with potential lenders and will continue that process before the
Debtors will reach a point where they could develop and propose a
plan in these chapter 11 cases.

Under the Stipulation approved by the Court, the Debtors do not
anticipate an unduly long and drawn out bankruptcy process. Rather,
the Stipulation only provides the
Debtors until November 30, 2016 to close on a refinancing
transaction. The Debtors are continuing to work diligently with the
various potential lenders and the Debtors believe that the modest
extension will allow them sufficient time to determine the
appropriate next steps in these cases.

EIG Management Company, LLC -- the administrative agent under a
Note Purchase Agreement, dated as of January 6, 2012 and on behalf
of EIG Energy Fund XV, L.P., EIG
Energy Fund XV-A, L.P., EIG Energy Fund XV-B, L.P., and EIG Energy
Fund XV (Cayman), L.P., as noteholders under the Note Purchase
Agreement -- tells the Court that given the framework of the
Stipulation, there is no circumstance in which the Debtors would
actually need, or materially benefit from, an extension of
exclusivity.

EIG filed its objection on Oct. 28.  It also filed a motion to
dismiss the case.

According to EIG, "the Stipulation simply provides a framework and
timetable for either the satisfaction of EIG's claim against the
Debtors in full, in cash, or the automatic effectiveness of the
Equity Assignment, by either November 15th or November 30th.
Nothing has materially changed with respect to the substantive
concerns that EIG has raised throughout these cases regarding the
Debtors' ability to obtain financing, avoid administrative
insolvency, and navigate a path forward in chapter 11.  The Debtors
have not satisfied the EIG Obligations in full, and the Outside
Date has not yet occurred."

"Meanwhile, if anything, the Debtors’ prospects for effecting a
viable reorganization have only diminished as these cases have
proceeded. As these cases have proceeded, market conditions have
remained relatively flat and have not come close to improving
enough to significantly increase the value of the Debtors' assets.
Since the Petition Date, the spot and five-year forward average
prices for WTI crude oil have increased by less than 5% and 10%,
respectively.  Meanwhile, EIG projects that the EIG Obligations
will total at least $160 million as of November 15, 2016 (i.e., the
first date on which the Equity Assignment may become effective
under the Stipulation).  Moreover, these chapter 11 cases remain
essentially a two-party dispute between the Debtors and EIG -- not
the type of matter for which the chapter 11 process was designed.
Thus, the concerns that presumably informed the Court's stated
intention not to extend exclusivity in these chapter 11 cases have
not been resolved, and if anything have become more acute since the
June 7 Hearing."

                   About Intervention Energy

Intervention Energy Holdings, LLC and Intervention Energy, LLC
filed for Chapter 11 protection (Bankr. D. Del. Lead Case No.
16-11247) on May 20, 2016.  The petition was signed by John R.
Zimmerman, president.  The Hon Kevin J. Carey presides over the
case.

The Debtor estimated assets and debt of $100 million to $500
million.

The Debtor tapped DLA Piper LLP (US) as counsel, and Rust
Consulting/Omni Bankruptcy, as claims and noticing agent, and PJT
Partners LP as investment banker.

EIG Energy Fund XV-A, L.P. is Intervention's largest creditor,
holding $140 million in secured note debt against the company.
EIG
in October 2015 declared Intervention in default of the note
purchase agreement and negotiated the forbearance agreement with
the company.

EIG is represented in the case by Domenic E. Pacitti and Morton
Branzburg of Klehr Harrison Harvey Branzburg LLP; and Paul M.
Basta, Judson Brown and Brian E. Schartz of Kirkland & Ellis LLP.


INTREPID POTASH: Intrepid Holds 15.3% Stake as of Nov. 8
--------------------------------------------------------
Intrepid Production Corporation disclosed in an amended Schedule
13D filed with the Securities and Exchange Commission that as of
Nov. 8, 2016, it beneficially owns 11,734,122 shares of common
stock, $0.001 par value, of Intrepid Potash, Inc., which represents
15.3 percent of the shares outstanding.  Robert P. Jornayvaz III
also reported beneficial ownership of 12,366,135 common shares.  

On Nov. 4, 2016, IPC purchased 47,210 shares of Common Stock at an
average price of $1.08993 per share, for aggregate consideration of
$51,455.

On Nov. 8, 2016, RPJ received a grant of 461,977 shares of
restricted Common Stock from the Company in connection with his
employment by the Company.  The shares are subject to vesting
conditions.

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

                     https://is.gd/Lncu5J

                        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: Nantahala No Longer Owns Shares as of Oct. 31
--------------------------------------------------------------
In an amended Schedule 13G filed with the Securities and Exchange
Commission, Nantahala Capital Management, LLC, Wilmot B. Harkey
and Daniel Mack disclosed that as of Oct. 31, 2016, they have
ceased to be beneficial owners of shares of common stock, $.01 par
value, of ITT Educational Services, Inc.  A full-text copy of the
regulatory filing is available for free at https://is.gd/yb5UKf

                      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 (Bankr. S.D. Ind.) on
Sept. 16, 2016.


J. CREW: Bank Debt Trades at 29% Off
------------------------------------
Participations in a syndicated loan under J. Crew is a borrower
traded in the secondary market at 71.31 cents-on-the-dollar during
the week ended Friday, November 11, 2016, according to data
compiled by LSTA/Thomson Reuters MTM Pricing.  This represents a
decrease of 5.29 percentage points from the previous week.  J. Crew
pays 300 basis points above LIBOR to borrow under the $1.5 billion
facility. The bank loan matures on Feb. 27, 2021 and Moody's B2
rating and Standard & Poor's B- rating.  The loan is one of the
biggest gainers and losers among 247 widely quoted syndicated loans
with five or more bids in secondary trading for the week ended
November 11.


JHB #052 LLC: Case Summary & 7 Unsecured Creditors
--------------------------------------------------
Debtor: JHB #052 LLC
        P.O. Box 11211
        Alexandria, VA 22312

Case No.: 16-13915

Chapter 11 Petition Date: November 16, 2016

Court: United States Bankruptcy Court
       Eastern District of Virginia (Alexandria)

Judge: Hon. Robert G. Mayer

Debtor's Counsel: Stephen E. Leach, Esq.
                  HIRSCHLER FLEISCHER, PC
                  8270 Greensboro Drive, Suite 700
                  Tysons Corner, VA 22102
                  Tel: 703-584-8902
                  Fax: 703-584-8901
                  E-mail: sleach@hf-law.com

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

Estimated Liabilities: $1 million to $10 million

The petition was signed by Dale Weed, managing member.

A copy of the Debtor's list of seven unsecured creditors is
available for free at http://bankrupt.com/misc/vaeb16-13915.pdf


JOAQUIN SILER: Sale of Oil Fields Property for $90,000 Approved
---------------------------------------------------------------
Judge S. Martin Teel, Jr. of the the U.S. Bankruptcy Court for the
District of Columbia authorized Joaquin Bernard Siler to sell real
property located at 6751 High Knob Road, Old Fields, West Virginia,
to Joseph R. and Leiloni M. Stainsby for $89,500.

The sale of the Land is free and clear of all liens, claims and
encumbrances.  Except as otherwise provided in the Order, any
liens, claims and encumbrances on the Land will exclusively attach
to the proceeds of such sale and will retain the same validity and
priority as they had (if any) prior to such sale, provided,
however, in the absence of timely objection, these will be paid at
Closing: the standard, typical, regular and routine costs
associated with a commercially reasonable closing of similar sale
on similar terms, except as otherwise agreed between the Debtor and
Buyers.

The Order will be effective immediately upon entry pursuant to
Bankruptcy Rule 7062 and 9014, and no automatic stay of execution,
pursuant to Bankruptcy Rule 6004(h) applies with respect to the
Order.

Joaquin Bernard Siler sought Chapter 11 protection (Bankr. D.D.C.
Case No. 15-00246) on May 1, 2015.


KEY ENERGY: Court Allows Cash Collateral Use on Final Basis
-----------------------------------------------------------
Judge Brendan Linehan Shannon of the U.S. Bankruptcy Court for the
District of Delaware entered a final order authorizing Key Energy
Services, Inc. and its affiliated debtors to use cash collateral.

The Debtors are indebted to:

     (1) Cortland Capital Market Services, LLC, as Term Loan Agent,
and the Term Loan Lenders, in an amount not less than $288,875,998,
plus accrued and unpaid interest, additional fees, costs, and
expenses; and

     (2) Bank of America, N.A., as ABL Administrative Agent and
co-collateral agent, Wells Fargo Bank, National Association, as
co-collateral agent, and the ABL Lenders, in the aggregate
principal amount of not less than $38,526,688, plus accrued and
unpaid interest and fees, additional fees, costs and expenses, and
all outstanding Secured Bank Product Obligations.

The Term Loan Obligations are secured by first priority security
interests in and liens on the Term Loan Priority Collateral, which
include cash deposits in the TL Proceeds and Collateral Account,
and second priority security interests in and liens on the ABL
Priority Collateral, which include collections from the Debtors'
accounts receivable and other ABL Priority Cash Collateral other
than the ABL Priority Cash Collateral held in an account with Bank
of America, which secures certain reimbursement obligations in
respect of letters of credit issued pursuant to ABL Documents.

The ABL Obligations are secured by first priority security
interests and liens on the ABL Priority Collateral, which include
cash collections from the Debtors' accounts receivable and the
Segregated Cash, and second priority security interests in and
lines on the Prepetition Term Loan Priority Collateral.

Judge Shannon acknowledged that a critical need exists for the
Debtors to continue to use their Cash Collateral for working
capital purposes, other general corporate purposes of the Debtors,
and the satisfaction of costs and expenses of administering the
Chapter 11 cases.

The approved Budget covers a 13-week period, beginning on the week
ending October 30, 2016 and ending on the week ending January 22,
2017.  The Budget provides for total operating cash disbursements
in the amount of $106,567,000.

The Term Loan Agent, for the benefit of the Term Loan Secured
Parties, and the ABL Administrative Agent, for the benefit of the
ABL Secured Parties, are granted valid, binding, continuing,
enforceable, fully protected, senior security interests in and
liens on any and all tangible and intangible pre- and postpetition
property of the Debtors, and their proceeds, subject to the
Carve-Out and the  Permitted Liens.

Judge Shannon held that the Secured Party Adequate Protection
Obligations due to the Term Loan Secured Parties and the ABL
Secured Parties will constitute allowed superpriority
administrative expense claims.

The Debtors are directed to make adequate protection payments to
the Term Loan Agent consisting of:

     (1) to the extent not already received pursuant to the Interim
Order, cash payment for all accrued but unpaid pre-petition fees,
interest at the non-default contract rate and other amounts payable
under the Term Loan Documents; and

     (2) current cash payments as and when due of interest at the
non-default contract rate and all other amounts that become payable
under the Term Loan Documents from the Petition Date through the
Plan Effective Date.

The Debtors are also directed to make adequate protection payments
to the ABL Administrative Agent, consisting of:

     (1) to the extent not already received pursuant to the Interim
Order, cash payment of all accrued but unpaid pre-petition fees,
interest at the non-default contract rate, the Honored Letter of
Credit Interest Rate,and  any other amounts payable under the ABL
Documents; and

     (2) current cash payment in an amount equal to current payment
of letter of credit fees, fronting fees, interest at non-default
contract rate, and all other amounts payable under the ABL
Documents.

The Debtors' use of cash collateral will end, among other things,
on the date that is the earliest of:

          (1) the Plan Effective Date;

          (2) the date a sale of substantially all of the Debtors'
assets is consummated; and

          (3) with respect to the consent of the Term Loan Agent
and Consenting Term Loan Lenders to the proposed use of Cash
Collateral, the Outside Date, and with respect to the consent of
the ABL Administrative Agent and Requisite ABL Lenders to the
proposed use of cash collateral, the earlier of 75 days after the
Petition Date and January 15, 2017.

A full-text copy of the Final Order, dated November 14, 2016, is
available at
http://bankrupt.com/misc/KeyEnergy2016_1612306bls_158.pdf

A full-text copy of the approved Budget, dated November 14, 2016,
is available at
http://bankrupt.com/misc/KeyEnergy2016_1612306bls_158_1.pdf

Cortland Capital Market Services, LLC can be reached at:

          Joanna Anderson
          225 West Washington Street, Suite 2100
          Chicagom IL 60606

Cortland Capital Market Services, LLC is represented by:

          Eli J. Vonnegut, Esq.
          DAVIS POLK & WARDWELL LLP
          450 Lexington Avenue
          New York, NY 10017
          Email: eli.vonnegut@davispolk.com

Bank of America, N.A. can be reached at:

          Brandon Watkins
          BANK OF AMERICA MERRILL LYNCH
          BANK OF AMERICA, N.A.
          901 Main Street
          Dallas, TX 75202
          Email: brandon.watkins@baml.com

Bank of America, N.A. is represented by:

          Richard Levy, Esq.
          LATHAM & WATKINS LLP
          330 North Wabash Avenue, Suite 2800
          Chicago, IL 60611
          E-mail: richard.levy@lw.com

                  About Key Energy Services
  
Headquartered in Houston, Texas, Key Energy, Inc. claims to be the
largest domestic onshore, rig-based well servicing contractor based
on the number of rigs owned.  The Company, which currently has
approximately 2,900 employees, provides a full range of well
services to major oil companies, foreign national oil companies and
independent oil and natural gas production companies including
Chevron Texaco Exploration and Production.

Key was organized in April 1977 and commenced operations in July
1978 under the name National Environmental Group, Inc.  In December
1992, the Company's name was changed to "Key Energy Group, Inc."
and then was subsequently changed to "Key Energy Services, Inc." in
December 1998.

The Debtors own approximately 880 rigs of various sizes,
approximately 2,500 trucks and similar vehicles, and thousands of
pieces of other equipment related to their businesses.  The Debtors
also own more than 135 pieces of real estate, including, among
other things, various permitted disposal wells for disposal of
saltwater and other fluid byproducts.  In addition, the Debtors own
certain patents and other intellectual property.

Each of Misr Key Energy Investments, LLC, Key Energy Services,
Inc., Key Energy Services, LLC, and Misr Key Energy Services, LLC,
filed a voluntary petition under Chapter 11 of the Bankruptcy Code
(Bankr. D. Del. Case Nos. 16-12305, 16-12306, 16-12307, and
16-12308) on Oct. 24, 2016.  The petitions were signed by Marshall
J. Dodson, chief financial officer, senior vice president and
treasurer.

Key's other domestic and foreign subsidiaries are not part of the
bankruptcy filing.

As of the second quarter of 2016, the Company had approximately
$1.13 billion in total assets and approximately $1 billion in
aggregate funded debt.  As of the date of the Petition Date, the
Debtors hold approximately $29.8 million in encumbered,
unrestricted cash.  The Debtors currently have approximately $13.4
million of trade debt and other debt owed to general unsecured
creditors, as disclosed in court papers.

The Debtors have hired Sidley Austin LLP as general bankruptcy
counsel; Young, Conaway, Stargatt & Taylor, LLP, as Delaware
counsel; PJT Partners LP as investment bankers; Alvarez and Marsal
North America, LLC, as financial advisors; and Epiq Bankruptcy
Solutions, LLC, as notice, claims, solicitation and voting agent.


KID'S FIRST: U.S. Trustee Unable to Appoint Committee
-----------------------------------------------------
The Office of the U.S. Trustee on Nov. 16 disclosed in a court
filing that no official committee of unsecured creditors has been
appointed in the Chapter 11 case of Kids First Enrichment Center,
LLC.

The Debtor is represented by:

     Brian L Davis, Esq.
     Davis Law Firm, PLLC
     254 Court Avenue, Suite 300
     Memphis, TN 38103
     Tel: 662-393-8542
     Email: davislaw@davislawfirmpc.com

               About Kids First Enrichment Center

Kids First Enrichment Center, LLC sought protection under Chapter
11 of the Bankruptcy Code (Bankr. W. D. Tenn. Case No. 16-28149) on
September 6, 2016.  The petition was signed by Harry L. Smith,
member.  

The case is assigned to Judge David S. Kennedy.

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


KLN STEEL: Court Allows Use of Frost Bank Cash on Interim Basis
---------------------------------------------------------------
Judge Stacey G. C. Jernigan of the U.S. Bankruptcy Court for the
Northern District of Texas authorized KLN Steel Products Company,
LLC, to use Frost Bank's cash collateral on an interim basis.

Judge Jernigan acknowledged that an immediate and critical need
exists for the Debtor to obtain funds in order to continue the
operation of its business, which is the manufacturing of wood and
metal beds.  She further acknowledged that without immediate access
to the funds, the Debtor will not be able to pay its operating
expenses and obtain services needed to carry on its manufacturing
business through KLN Manufacturing, LLC, in a manner that will
avoid irreparable harm to the Debtor's estate.

The approved four-week Budget covers the month of November 2016,
provides for total disbursements in the amount of $160,465 for the
first week, $173,841 for the second week, $200,000 for the thrid
week, and $319,859 for the fourth week.

Substantially all of the Debtor and KLN Manufacturing's assets are
subject to the pre-petition liens of Frost Bank, which include
liens on accounts, general intangibles, instruments, monies,
payments and other rights arising out of their respective GSA
contracts.

Frost Bank is granted valid, binding, enforceable, and perfected
replacement liens coextensive as to types of collateral and of the
same priority with the Bank's prepetition liens in all currently
owned or after acquired property and assets of the Debtor.  Frost
Bank is also granted a super-priority administrative expense claim,
to the extent the adequate protection granted is insufficient to
adequately protect any diminution in value of the Bank's
prepetition interests in the prepetition collateral and cash
collateral.

The final hearing on the Debtor's Motion is scheduled on Nov. 28,
2016 at 1:30 p.m.

A full-text copy of the Order, dated Nov. 14, 2016, is available at

http://bankrupt.com/misc/KLNSteelProducts2016_1634323sgj11_29.pdf

              About KLN Steel Products Company

KLN Steel Products Company, LLC, filed a chapter 11 petition
(Bankr. N.D. Tex. Case No. 16-34323) on Nov. 2, 2016.  The petition
was signed by Kelley O'Donnell, president.  The Debtor is
represented by Frank Jennings Wright, Esq., at Coats Rose, P.C.
The case is assigned to Judge Stacey G. Jernigan.  The Debtor
estimated assets and liabilities at
$1 million to $10 million at the time of the filing.


LD INTERMEDIATE: Moody's Assigns B3 CFR & Rates $30MM Facility B2
-----------------------------------------------------------------
Moody's Investors Service assigned first-time ratings to LD
Intermediate Holdings, Inc. (U.S.) (dba LDiscovery), including a B3
Corporate Family Rating and a B3-PD Probability of Default Rating.
Moody's also assigned B2 ratings to the company's proposed $30
million first-lien revolving credit facility and $340 million first
lien Term Loan, and a Caa2 rating to its new $125 million
second-lien term loan.  Proceeds from the new term loan, as well as
$88 million of new cash common equity from the Carlyle Group
("Carlyle"), will be used to facilitate LDiscovery's $410 million
purchase of Kroll Ontrack, repay $99 million of existing LDiscovery
debt, allocate incremental cash to the balance sheet, and pay $25
million of transaction fees.  The rating outlook is stable.

Assignments:

Issuer: LD Intermediate Holdings, Inc.
  Probability of Default Rating, Assigned B3-PD
  Corporate Family Rating, Assigned B3
  Senior Secured 1st lien Bank Credit Facility, Assigned B2 (LGD3)
  Senior Secured 2nd lien Bank Credit Facility, Assigned Caa2
   (LGD5)

Outlook Actions:

Issuer: LD Intermediate Holdings, Inc.
  Outlook, Assigned Stable

                        RATINGS RATIONALE

The B3 CFR reflects high, approximately 6.5 times pro-forma
adjusted debt-to-EBITDA leverage (including Moody's standard
adjustments, primarily a $22 million capitalized lease adjustment
to debt), and integration risks surrounding LDiscovery's
acquisition of a weakly performing, lower-margin target company
more than twice its size.  The ratings take into account the strong
market demand for electronic discovery -- processes by which
electronic data is sought, located, searched, and analyzed, with
the intent of using it as evidence in civil, criminal, or
investigative cases.  But while the market has been growing at
double-digit rates, it is intensely competitive, marked by
consolidation, declining prices, and substantial ongoing capital
expenditures necessary for e-discovery vendors to add functionality
that can keep pace with the explosive growth of digital
information.  Despite its small, absolute scale (revenues for the
combined company will run at approximately $300 million),
LDiscovery is the industry's number-two player behind DTI Inc.,
which, as a result of its acquisition of Epiq Systems earlier this
year, is roughly three times the size of LDiscovery.

The ratings are supported somewhat by geographic and product
diversity afforded by the acquisition of Kroll Ontrack, about a
quarter of whose $211 million in revenues is generated from data
recovery and destruction services, which LDiscovery at present does
not provide.  Kroll Ontrack also generates close to a third of its
revenues from outside the Americas, while LDiscovery at present
operates solely within the U.S.  Even though pricing trends abroad
are more favorable, Kroll Ontrack's international operations have
significantly lower margins than the rest of its business, while
margins in data recovery (about a quarter of Kroll Ontrack's
revenues) are strong.  In recent years, both companies have seen
distinctly downward trends in profitability, particularly at the
gross margin level.  In Moody's view, the negative trends suggest
that the cost of processing, reviewing, and analyzing data has not
declined at the same pace as the competition-induced decline in
selling prices that e-discovery providers are able to command.
Moody's also takes into account the pressures added by the
segment's capital expenditure requirements, as vendors are
compelled to add e-discovery functionality, such as
machine-learning and culling technologies and predictive coding, in
order to stay competitive and to handle the growth of information.

Moody's views LDiscovery's liquidity as adequate, with a roughly
$27 million opening cash balance, annual free cash flows over the
next couple of year of approximately $20 million, and a relatively
small revolving credit facility.  The company is required to make
estimated earnout payments of $13 million related to Carlyle's 2015
LBO of LDiscovery in early 2017 and early 2018.  The stable outlook
reflects Moody's expectations for muted, low-single digit revenue
growth and minimal margin improvement as Kroll Ontrack is
integrated, the combination of which provides for deleveraging of
about half-turn over the next year.

The ratings could be downgraded if earnings deteriorate from
failure to successfully integrate Kroll Ontrack's operations,
particularly if the company cannot realize planned cost savings and
synergy benefits in a timely fashion, or if revenue growth
unexpectedly declines.  The ratings could also be downgraded if
LDiscovery's liquidity deteriorates or if Moody's expects that
debt-to-EBITDA leverage (Moody's adjusted) will rise to above 7.5
times.

Moody's would consider an upgrade if LDiscovery's revenues rise by
mid- to high-single digit percentages while profit margins improve,
leading to debt-to-EBITDA measure sustained below 6.0 times, and
while liquidity remains adequate.

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

Maclean, VA-based LDiscovery provides electronic-discovery services
to corporations, law firms, and government agencies, in support of
their litigation efforts.  With the expected late-2016 acquisition
of competitor Kroll Ontrack, the combined company will generate
2017 revenues approaching $320 million.  As the result of a 2015
LBO, LDiscovery is majority-owned by The Carlyle Group.



LEARNING ENHANCEMENT: JZA Buying Assets for $630,000
----------------------------------------------------
Judge Jack B. Schmetterer of the U.S. Bankruptcy Court for the
Northern District of Illinois will convene a hearing on Nov. 21,
2016 at 10:00 a.m. to consider Learning Enhancement Corp.'s and its
affiliates' bidding procedures in connection with the sale of
tangible and intangible assets to JZA Holdings, Inc., or its
designee or assignee for $630,000, subject to higher and better
offers.

Learning Enhancement Corp. ("LEC") executed that certain secured
promissory note in favor of Fifth Third Bank (Chicago) in the
original principal amount of $450,000.  The Note is secured by,
inter alia, liens on the Assets evidenced by that certain Security
Agreement executed by the Debtor in favor of Fifth Third which
provides a first priority lien and security interest in
substantially all of LEC's assets.

Prior to the Petition Date, the Buyer acquired Fifth Third's rights
and interest in the Fifth Third Loan and the Fifth Third Liens
through the purchase of the Note from Fifth Third.   Concurrently
with the Motion, the Debtors filed their Motion for Interim and
Final Orders (I) Authorizing the Debtors to Obtain Post-petition
Financing; (II) Scheduling a Final Hearing; and (III) Approving
Notice Procedures ("DIP Motion"). Pursuant to the DIP Motion and
its exhibits, the Buyer intends to make a 23,000 secured
debtor-in-possession loan ("DIP Loan") to the Debtors.

The Debtors are filing their Application for Order Authorizing
Official Debtors of Unsecured Creditors to Retain and Employ The
Skutch Arlow Group, LLC as Chief Restructuring Officer concurrently
with the Motion.  In light of the relatively low valuation of the
assets as well as the limited market for the assets, Skutch has
designed a marketing plan to maximize the exposure of the assets to
potential parties that may be interested in purchasing the assets
subject to the requirements of the Bidding Procedures.  Pursuant to
the marketing plan, and as allowed by the financial budget allotted
to Skutch for marketing the assets, Skutch will market the Assets
through several different methods.

Subject to the approval of the Court, the Debtors will enter into a
Purchase Agreement with the Buyer for the purchase of the assets.
Certain details of the Purchase Agreement are still being worked
out, but will be filed prior to the hearing on the Motion.

The primary terms of the Purchase Agreement are:

          a. Buyer: JZA Holdings, Inc., or its assigns or
nominees.

          b. Seller: Learning Enhancement Corp. and The BrainWare
Co.

          c. Purchase Price: $630,000 ("Stalking Horse Bid");
consisting of: $542,000 Credit Bid of the Fifth Third Loan; $23,000
credit bid of the DIP Loan; and $65,000 cash.

          d. Deposit: $30,000 cash

          e. Acquired Assets: Substantially all tangible and
intangible property of the Debtors.

          f. Assumed Liabilities: None.

          g. Closing: Within 14 days of the entry of an order of
the Court approving Purchase Agreement.

          h. Bid Protections: The Buyer's bid for the assets will
be subject to higher and better bids, and if bids meeting certain
criteria are received, the Auction will be held.  If an alternative
deal is approved and consummated, the Buyer may be entitled to the
Break-Up Fee in the amount of $15,750 (2.5% of the Stalking Horse
Bid).  The initial overbid for the Assets must be $20,000 higher
than the Stalking Horse Bid (i.e. $650,000 or higher).  Following
the initial overbid, the minimum bid increment will be $10,000 or
higher.

In order to ensure that value is being maximized, the Debtors have
provided that the Purchase Agreement be subject to higher and
better offers submitted pursuant to the requirements in the Bidding
Procedures for initial overbid, minimum bid increment, and the
Break-Up Fee.  The Bidding Procedures are designed to govern the
process.

The salient terms of the Bidding Procedures are:

    a. Assets to be Sold: The Debtors are offering for sale,
substantially all of their tangible and intangible assets.

    b. Timing and Location of Auction: The Auction will be
conducted on Jan. 5, 2017 at 10:00 a.m. at the offices of Goldstein
& McClintock LLLP, 208 South LaSalle Street, Suite 1750, Chicago,
Illinois.

    c. Bid Deadline: Jan. 3, 2017 at 4:00 p.m. (CST).

    d. Stalking Horse Minimum Bid: $630,000

    e. Deposit: $32,500 (5% of the Stalking Horse Minimum Bid)

    f. Minimum Bid and Bid Increments: The initial overbid will be
$20,000 over the Initial Bid (i.e., $650,000).  Following the
Minimum Bid, the auction will continue in bid increments of $10,000
or higher.

    g. Procedures for the Auction: The Auction will be conducted in
accordance with commercially reasonable procedures to be
established by counsel to the Debtors, in the Debtors' discretion,
including, without limitation, relating to the Minimum Bidding
Increments and other matters.

    h.  Sale Hearing/Status Hearing: Jan. 9, 2017

    i. Break-Up Fee: If JZA is not the Successful Bidder at the
Auction and an alternate transaction is approved by the Court and
consummated, JZA will become entitled to a break-up fee in the
amount of $15,750 (2.5% of the Stalking Horse Minimum Bid).

    j. Closing of Sale:  Closing of the sale of the assets to the
Successful Bidder will occur no later than 14 days following entry
by the Court of the Final Sale Order.  The Closing Date may be
extended by prior written agreement of the Debtors and the
Successful Bidder.

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

          
http://bankrupt.com/misc/Learning_Enhancement_13_Sales.pdf

The Bid Protection, contained within the Bidding Procedures, are
proper and necessary in order to ensure that overbids from
alternative bidders beyond the Stalking Horse Bid are sufficient to
cover the Break-Up Fee due to the Buyer if the Stalking Horse Bid
is not the Successful Bid as well as to cover costs to the estate
of the Debtors for running the auction to sell the Assets.  The
Debtors therefore asks the Court to approve the Bidding Procedures
at the initial hearing on the Motion.

The sale of the assets free and clear of any lien, claim, or
interest contemplates the assumption of a number of executory
contracts, and the subsequent assignment of the Assigned Contracts
to the Buyer.  The Debtors will serve the Auction and Sale Notice
upon each of the counterparties to the Assigned Contracts, along
with the "cure amounts" the Debtors believe each counterparty is
owed.  Therefore, as part of the final order to be entered
approving the Sale, the Debtors request approval, under 11 U.S.C.
Section 365, for the assumption and assignment of the Assigned
Contracts to the Buyer.

The Debtors also respectfully ask that the Court schedule the
Auction, approve the notices associated with the Sale and Auction,
and schedule the Final Hearing.  The Debtors thus request that the
court set (i) an Auction date of Jan. 5, 2017 and (ii) a Final
Hearing on Jan. 9, 2017 (to approve the Sale of the Assets to the
Successful Bidder) or as soon thereafter as possible.

In order to maximize value for the estate, the Debtors believe that
it is crucial to sell the assets.  They thus believe that the sale
proposed, including the proposed Auction and Bidding Procedures,
will provide the maximum possible recovery to the Debtors' estates.
Accordingly, the Debtors respectfully submit that the sale-related
relief proposed reflects a sound exercise of its business judgment
and should be approved.

                     About Learning Enhancement

Learning Enhancement Corp. sought Chapter 11 protection (Bankr.
N.D. Ill. Case No. 16-35537) on Nov. 7, 2016.  Judge Jack B.
Schmetterer is assigned to the case.  The petition was signed by
Roger Stark, CEO.

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

The Debtor tapped Matthew E. McClintock, Esq. and Sean P Williams,
Esq. at Goldstein & McClintock LLLP as counsel.




LIME ENERGY: Common Stock Delisted from NASDAQ
----------------------------------------------
The NASDAQ Stock Market LLC filed with the Securities and Exchange
Commission a Form 25 notifying the removal from listing or
registration of Lime Energy Co.'s common stock on the Exchange.

                        About Lime Energy

Headquartered in Huntersville, North Carolina, Lime Energy Co. --
http://www.lime-energy.com/-- is engaged in planning and
delivering clean energy solutions that assist its clients in their
energy efficiency and renewable energy goals.  The Company's
solutions include energy efficient lighting upgrades, energy
efficient mechanical and electrical retrofit and upgrade services,
water conservation, building weatherization, on-site generation
and renewable energy project development and implementation.  The
Company provides energy solutions across a range of facilities,
from high-rise office buildings, distribution facilities,
manufacturing plants, retail sites, multi-tenant residential
buildings, mixed use complexes, hospitals, colleges and
universities, government sites to small, single tenant facilities.

Lime Energy reported a net loss available to common stockholders of
$4.44 million on $113 million of revenue for the year ended Dec.
31, 2015, compared to a net loss available to common stockholders
of $5.60 million on $58.8 million of revenue for the year ended
Dec. 31, 2014.

As of June 30, 2016, Lime Energy had $46.2 million in total assets,
$40.6 million in total liabilities, $11.40 million in contingently
redeemable series C preferred stock, and a $5.76 million total
stockholders' deficiency.


LINDENHURST PARK: Moody's Raises Rating on GO Bonds to Ba3
----------------------------------------------------------
Moody's Investors Service has upgraded to Ba3 from B1 the rating on
Lindenhurst Park District, IL's general obligation (GO) bonds.
Concurrently, Moody's has revised the outlook from positive to
stable.  The rating affects $3.9 million in outstanding rated debt.
The upgrade to the Ba3 rating reflects a much diminished risk of
default on near term debt service payments following management's
decision to fully levy for current year debt service costs.  The
rating action also incorporates the district's improving but still
very weak financial position, moderate debt and pension burdens,
and a relatively wealthy tax base.  The rating further considers
expected receipt of state grant funds for project costs already
expended, offset by uncertainty about the district's future levying
practices and the possibility that liquidity stress could
reemerge.

Rating Outlook

The stable outlook reflects Moody's expectation that the district's
credit quality will not further deteriorate given recent changes by
management to restore structural balance and potential improved
liquidity in the near term upon receipt of state grant funds.

Factors that Could Lead to an Upgrade

  Significant improvements in the district's liquidity position
   across all funds that eliminates the need for cash flow
   borrowing

  Improved management practices, including enhanced monitoring of
   cash flows

  Additional revenue or expenditure adjustments that successfully
   sustain balanced operations annually

Factors that Could Lead to a Downgrade

  Additional operating deficits with further reliance on short-
   term lines of credit

  Worsening of the districts already weak liquidity

Legal Security

The district's General Obligation (Alternate Revenue Source) are
legally binding and are payable from: (a) the lawfully available
moneys in the district's Corporate Fund and principal proceeds
received by the district from the issuance of its general
obligation limited tax bonds, and (b) ad valorem taxes levied
against all taxable property in the district without limitation as
to rate or amount.

Obligor Profile

The district is located in Lake County, IL and is essentially
coterminous with the Village of Lindenhurst.  The ten square miles
district provides park and recreational facilities, and offers 110
acres of parkland, a community center, indoor and outdoor
recreational facilities, as well as a day care.  The district
serves approximately 15,000 residents.



LPATH INC: Incurs $3.70 Million Net Loss in Third Quarter
---------------------------------------------------------
LPath, Inc. filed with the Securities and Exchange Commission its
quarterly report on Form 10-Q disclosing a net loss of $3.70
million on $23,807 of total revenues for the three months ended
Sept. 30, 2016, compared to a net loss of $2.22 million on $61,254
of total revenues for the three months ended Sept. 30, 2015.

For the nine months ended Sept. 30, 2016, the Company reported a
net loss of $8.31 million on $42,658 of total revenues compared to
a net loss of $7.66 million on $1.59 million of total revenues for
the same period a year ago.

As of Sept. 30, 2016, LPath had $4.04 million in total assets,
$1.35 million in total liabilities and $2.69 million in total
stockholders' equity.

A full-text copy of the Form 10-Q is available for free at:

                    https://is.gd/X7bdmi

                         About LPath

San Diego, Calif.-based Lpath, Inc., is a biotechnology company
focused on the discovery and development of lipidomic-based
therapeutics, an emerging field of medical science whereby
bioactive lipids are targeted to treat human diseases.

LPath reported a net loss of $10.01 million on $1.59 million of
total revenues for the year ended Dec. 31, 2015, compared to a net
loss of $16.55 million on $5.08 million of total revenues for the
year ended Dec. 31, 2014.

Moss Adams LLP, in San Diego, California, issued a "going concern"
qualification on the consolidated financial statements for the year
ended Dec. 31, 2015, citing that the Company's recurring losses and
negative operating cash flows raise substantial doubt about the
Company's ability to continue as a going concern.


MARILYN BERNARDI: DOJ Watchdog Directed to Appoint Ch. 11 Trustee
-----------------------------------------------------------------
Judge Christine M. Gravelle of the U.S. Bankruptcy Court for the
District of New Jersey directed the United States Trustee to
appoint a Chapter 11 Trustee for Marilyn I. Bernardi and Richard W.
Bernardi.

The Acting United States Trustee for Region 3 on July 25, 2016,
filed a motion asking the U.S. Bankruptcy Court for the District
of
New Jersey to order the appointment of a Chapter 11 trustee in the
bankruptcy case of Marilyn I. Bernardi and Richard W. Bernardi.

Andrew R. Vara, the Acting U.S. Trustee, points out that:

   * Marilyn Bernardi owns debtor Strategic Environmental
Partners,
LLC.  However, the Bernardis failed to disclose their ownership
interest in SEP on Schedule A/B, despite filing Schedule A/B 13
days after the petition was filed.

   * Prior to the Debtors filing their petition, a state grand
jury
in Morris County, New Jersey indicted SEP and Mr. Bernardi, on six
counts: one count of false representations for a government
contract, two counts of theft by deception, one count of financial
facilitation of criminal activity, one count of theft of services,
and one count misconduct by a corporate official.  The indictment
was unsealed on Feb. 2, 2016.  Count 1 of the indictment states
that SEP and Mr. Bernardi knowingly made false, material
misrepresentations in connection with the negotiation or award of
the contract in which SEP purchased and was licensed to operate
the
Fenimore Landfill in Roxbury, New Jersey.

   * On April 20, 2016, the New Jersey Department of Environmental
Protection filed a verified complaint against SEP and Richard and
Marilyn Bernardi individually.  The verified complaint contains,
inter alia, an allegation that bank statements obtained via
subpoena "reveal a pattern and practice of moving deposits from
one
account to another, and into personal checking and savings
accounts
of Marilyn Bernardi, . . . and her children."  This includes
transfers into "payable upon death" savings accounts with the
Bernardi children as beneficiaries and transfers into trust bank
accounts with Bernardi children as beneficiaries.

   * The Debtors' schedule D discloses secured debt of
approximately $3.7 million.  The Debtors' schedule E/F discloses
unsecured debt of approximately $7,000.

   * Schedule I states that despite being employed, the Bernardis
do not have any income of any kind. See id. Similarly, the
Debtors'
statement of financial affairs states the Debtors have not had any
income for the past 2 years.

"The indictment of SEP and Mr. Bernardi is cause to appoint a
chapter 11 trustee pursuant to 11 U.S.C. Sec. 1104(a)(1) because
the underlying charges involve allegations of fraud, dishonesty,
and gross financial mismanagement," Benjamin Teich, Esq., Trial
Attorney for the U.S. Trustee, asserts.

"Concerns raised by the indictment are significantly intensified
by
the allegations in the New Jersey Department of Environmental
Protection's verified complaint – that the assets of SEP
have
been improperly transferred to the personal bank accounts of
Marilyn and Richard Bernardi and accounts benefiting the Bernardi
children."

"This is further compounded by the Debtors having signed, under
penalty of perjury, a petition, set of bankruptcy schedules, and a
SOFA (collectively the "Bankruptcy Package") that: (i) is
internally inconsistent, (ii) depicts implausible financial
conditions, and (iii) is inconsistent with the allegations of the
New Jersey Department of Environmental Protection's verified
complaint."

The Acting U.S. Trustee is represented by:

         Benjamin Teich, Esq.
         OFFICE OF THE UNITED STATES TRUSTEE, REGION 3
         One Newark Center, Suite 2100
         Newark, NJ 07102
         Tel.: (973) 645-3014
         Email: Benjamin.Teich@usdoj.gov

                About Marilyn Bernardi

Marilyn I. Bernardi and Richard W. Bernardi filed a voluntary
chapter 11 petition for relief under the Bankruptcy Code (Bankr.
D.N.J. Case No. 16-22153) on June 23, 2016.  The Honorable
Christine M. Gravelle is the case judge.  

The Debtors have remained in possession of their assets and in
control of their financial affairs pursuant to sections 1107 and
1108 of the Bankruptcy Code. See Docket Entry 1. See also
Certification of Michael W. Aponte ("Aponte Certification").

Marilyn Bernardi owns Strategic Environmental Partners, LLC, which
filed a voluntary chapter 11 petition (Case No. 16-22151) on the
same day as the Bernardis.


MEADOWS AT CYPRESS: U.S. Trustee Unable to Appoint Committee
------------------------------------------------------------
An official committee of unsecured creditors has not yet been
appointed in the Chapter 11 case of The Meadows at Cypress Gardens,
LLC as of November 9, according to a court docket.

The Meadows at Cypress Gardens, LLC filed a Chapter 11 petition
(Bankr. M.D. Fla. Case No. 16-08495) on September 30, 2016, and is
represented by David W Steen, Esq., in Tampa, Florida.

At the time of filing, the Debtor had $100,000 to $500,000 in
estimated assets and $1 million to $10 million in estimated
liabilities.

The petition was signed by Benjamin Castleberg, managing member.


MEDIACOM COMMUNICATIONS: Moody's Affirms Ba3 CFR; Outlook Positive
------------------------------------------------------------------
Moody's Investors Service changed Mediacom Communications
Corporation's rating outlook to positive from stable following
sustained improvement in the company's operating performance and
credit metrics.  The change in the outlook reflects the company's
aggressive de-leveraging as a result of EBITDA growth chiefly from
strength in the high speed data product and use of the majority of
its free cash flow for voluntary debt reduction.

For the last twelve months ended Sept. 30, 2016, Mediacom's
leverage was approximately 4.1x (Moody's adjusted).  Moody's
expects leverage to improve to the mid 3x range by the end of 2017
(near our rating trigger for an upgrade) as management continues to
pursue its creditor friendly capital allocation policy.  The
improvement in the credit profile is also evident in the company's
coverage ratios of free cash flow to debt and
EBITDA-CAPEX/interest, which were over 8% and greater than 2.5x,
respectively for the last twelve months ended Sept. 30, 2016. These
are also strengthening and are expected to signal a positive rating
action over the next 12-18 months.

Moody's also affirmed Mediacom's Ba3 Corporate Family Rating,
Ba3-PD Probability of Default Rating, Ba2 senior secured rating,
and B2 senior unsecured rating.

A summary of the action:

Affirmations:

Issuer: Mediacom Broadband LLC
  Senior Secured Bank Credit Facilities, Affirmed Ba2 (LGD3)
  Senior Unsecured Regular Bond/Debentures, Affirmed B2, changed
   to (LGD5) from (LGD6)

Outlook Actions:

Issuer: Mediacom Broadband LLC
  Outlook, Changed To Positive From Stable

Issuer: Mediacom Communications Corporation
  Probability of Default Rating, Affirmed Ba3-PD
  Corporate Family Rating, Affirmed Ba3
  Speculative Grade Liquidity Rating, Affirmed SGL-2

Outlook Actions:

Issuer: Mediacom Communications Corporation
  Outlook, Changed To Positive From Stable

Issuer: Mediacom LLC
  Senior Secured Bank Credit Facilities, Affirmed Ba2 (LGD3)
  Senior Unsecured Regular Bond/Debentures, Affirmed B2, changed
   to (LGD5) from (LGD6)

Outlook Actions:

Issuer: Mediacom LLC
  Outlook, Changed To Positive From Stable

                         RATINGS RATIONALE

Mediacom's Ba3 CFR is driven by its moderate leverage of
approximately 4.1 times debt-to-EBITDA (Moody's adjusted), a highly
competitive market as evidenced by below average penetration rates
and video subscriber losses, and a burdensome cost structure of its
video product that is capital intensive and subject to very
significant and rising content programming costs that the company
has little control over.  However, this rising cost structure is
offset by the company's share gains in its broadband and commercial
offering, which demonstrate high growth and profit driving earnings
and cash flows higher, which have been largely used for debt
reduction.  The combination of these improvements coupled with the
experience and leadership of its management team, which has a long
track record of success, has created significant equity value in
the company and lowered the overall credit risk, positioning the
company near the top of the rating category.

The positive outlook reflects our expectation that the company will
continue to use excess free cash flow and grow EBITDA in the
mid-single digits to reduce leverage.  Moody's also expects steady
subscriber growth, particularly among broadband subscribers, which
will help stabilize revenue amid declining to flat revenue in the
company's core video business.

The principal methodology used in these ratings was Global Pay
Television - Cable and Direct-to-Home Satellite Operators published
in April 2013.

With its headquarters in Mediacom Park, New York, Mediacom
Communications Corporation offers traditional and advanced video
services such as digital television, video-on-demand, digital video
recorders, and high-definition television, as well as high-speed
Internet access and phone service.  The company had approximately
834 thousand video subscribers, 1.1 million high speed data
subscribers, and 467 thousand phone subscribers as of Sept. 30,
2016, and primarily serves smaller cities in the midwestern and
southern United States.  It operates through two wholly owned
subsidiaries, Mediacom Broadband and Mediacom LLC, and its revenue
for the last twelve months ended Sept. 30, 2016, is approximately
$1.8 billion.



MERCHANTS BANKCARD: Has Until Nov. 29 to Use Cash Collateral
------------------------------------------------------------
Judge Joan N. Feeney of the U.S. Bankruptcy Court for the District
of Massachusetts authorized Merchants Bankcard Systems of America,
Inc., to use cash collateral until Nov. 29, 2016.

Judge Feeney ordered the submission of a proposed Fifth Stipulated
Interim Order Continuing Debtor's Motion for Authority to Use Cash
Collateral, Approving Further Post-Petition Financing, and
Governing Debtor's Use of Funds by Nov. 15, 2016.

Judge Feeney granted the parties' request to appear telephonically
at the continued hearing, which is scheduled on Nov. 29, 2016 at
12:00 p.m.  She also allowed Davos Financial Corp.'s oral motion to
extend time to respond to TSYS Merchant Solutions, LLC's motion for
relief from stay to Nov. 30, 2016 at 4:30 p.m.

A full-text copy of the Order, dated Nov. 14, 2016, is available at

http://bankrupt.com/misc/MerchantsBankcard2016_1613224_75.pdf

             About Merchants Bankcard Systems of America

Merchants Bankcard Systems of America, Inc., filed a Chapter 11
petition (Bankr. D. Mass. Case No. 16-13224) on Aug. 18, 2016.  The
petition was signed by Philip Chait, president.  The Debtor is
represented by David B. Madoff, Esq., at Madoff & Khoury LLP. The
case is assigned to Judge Joan N. Feeney.  At the time of filing,
the Debtor disclosed $2.58 million in assets and $4.20 million in
liabilities.


METRO-GOLDWYN-MAYER: Moody's Raises CFR to Ba1, Outlook Stable
--------------------------------------------------------------
Moody's Investors Service upgraded Metro-Goldwyn-Mayer Inc.'s (MGM)
Corporate Family rating to Ba1 from Ba2 and Probability of Default
rating to Ba1-PD from Ba2-PD.  Concurrently, Moody's assigned a Ba1
(LGD3) rating to the company's amended and restated $1 billion
first lien senior secured revolving credit facility due June 25,
2021.  The rating outlook is stable.

Upgrades:

Issuer: Metro-Goldwyn-Mayer Inc.
  Probability of Default Rating, Upgraded to Ba1-PD from Ba2-PD
  Corporate Family Rating, Upgraded to Ba1 from Ba2

Assignments:

Issuer: Metro-Goldwyn-Mayer Inc.
  Senior Secured 1st Lien Revolving Credit Facility due 2021,
   Assigned Ba1 (LGD3)

Outlook Actions:

Issuer: Metro-Goldwyn-Mayer Inc.
  Outlook, Remains Stable

                        RATINGS RATIONALE

The upgrade reflects significant improvement in MGM's credit
metrics as a result of material reduction in gross debt following
the term loan pay down earlier this year.  In the second quarter of
2016, MGM repaid in full its $300 million second lien term loan
with cash on hand and borrowings under its first lien revolving
credit facility, which currently has $160 million outstanding under
it, the only debt in the capital structure.  Moody's estimates that
the asset value of the company's deep library of films and
television content and its brands significantly exceeds $39 million
of net debt (net of $121 million cash on hand) residing on the
company's balance sheet.  Further providing incremental support to
today's rating action is management's demonstrated commitment to a
conservative capital structure and prudent fiscal policies.  The
upgrade to Ba1 is based on our expectation that MGM will manage its
gross unadjusted leverage around 0.5x, while continuing to invest
in its businesses and execute moderate opportunistic acquisitions
and share buybacks. The Ba1 CFR is also supported by the company's
enhanced business diversification following United Artists Media
Group's (UAMG) acquisition, which will not only allow it to
diversify beyond the volatile motion picture segment but also
bolster its library offerings with UAMG's premium television
content that can be leveraged across multiple distribution
platforms.  Since MGM still derives over a third of its EBITDA from
new film and new television content and as a result continues to
remain exposed to volatile sources of revenue and cash flow
generation, the rating is constrained to the Ba1 level, although we
expect it to be strongly positioned in its rating category as
licensing fees from proven television content become an increasing
component of the company's earnings going forward.  Debt-to-EBITDA
of 0.4x (as of 09/30/2016, incorporating Moody's standard
adjustments and film/television costs on a cash basis which reduces
LTM 09/30/2016 leverage by roughly 0.3x) and good cash flow
generation capabilities support MGM's solid financial flexibility
and the Ba1 CFR.

MGM has a robust liquidity profile supported by strong cash
balances and ample availability under its $1 billion revolver.  The
company generated approximately $626 million of free cash flows in
the LTM period ended 09/30/2016 and Moody's expects annual free
cash flows to exceed $300 million over the intermediate term.  The
credit agreement governing the revolving credit facility contains
maintenance covenants, including a maximum debt to operating cash
flow ratio, maximum overhead expenses, maximum capital expenditures
and a minimum liquidity ratio.  Moody's estimates that MGM will
remain in compliance with financial covenants over the intermediate
term.

The Ba1 rating on the revolving credit facility is in line with the
CFR.  First lien lenders benefit from guarantees of material
operating subsidiaries and a pledge on substantially all the assets
of the company.  The Ba1-PD Probability of Default rating reflects
an average family recovery.

Rating Outlook

The stable outlook reflects Moody's expectation that MGM will
generate meaningful cash flows from its large film and television
library, consolidation of UAMG and its ancillary businesses.
Moody's views are balanced by long-term risks associated with the
need to make significant higher risk investments in new film
productions that are not sequel based, which along with film and
television rights acquisitions should help to keep the library
content fresh.  The outlook also reflects our assumption that MGM
will manage acquisitions, investments and share buybacks consistent
with parameters for the Ba1 rating.

What Could Change the Rating - Up

As the company's credit metrics are extremely strong and leave
little room for further improvement, the Ba1 CFR is heavily
constrained from upward potential unless it achieves greater scale
and further reduces its dependence on the film and TV production
business through diversification.  In Moody's view, new film
production lacks predictability of the economic success unless it
is a sequel to a successful franchise.  New films often fail to
recoup significant costs when they fail to achieve box office
success.  Significant growth in revenues and profits,
diversification and contractual revenue streams that further reduce
volatility in operating metrics will be important factors when
considering a rating upgrade.

What Could Change the Rating - Down

A rating downgrade could occur if the company's liquidity position
becomes pressured and revenue and EBITDA generation is
significantly below expectations resulting in leverage being
sustained above 1.0x.  Ratings pressure could also be prompted by a
radical shift towards more aggressive financial policies or new
unproven management team.

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

Metro-Goldwyn-Mayer Inc., based in Beverly Hills, California,
produces and distributes motion pictures, television programming,
home videos, interactive media, music, and licensed merchandise. It
owns a library of films and television programs and holds ownership
interests in domestic and international television channels.
Revenues for LTM 09/30/2016 were approximately $1.6 billion.  As of
Dec. 31, 2015, Anchorage Capital Partners, Highland Capital
Partners and Solus Alternative Asset Management each individually,
or together with their affiliated entities, owned more than 10% of
the issued and outstanding shares of common stock of MGM Holdings.
MGM Holdings is the ultimate parent company of the MGM families of
companies, including its subsidiary Metro-Goldwyn-Mayer Inc.



MISONIX INC: Receives Nasdaq Deficiency Letter on Delayed 10-Q
--------------------------------------------------------------
Misonix, Inc., an international surgical device company that
designs, manufactures and markets innovative therapeutic ultrasonic
products for spine surgery, neurosurgery, wound debridement, skull
based surgery, laparoscopic surgery and other surgical
applications, on Nov. 15, 2016 disclosed that it received a
deficiency letter from The Nasdaq Stock Market LLC ("Nasdaq")
indicating that, as a result of not filing its Quarterly Report on
Form 10-Q (the "10-Q") by November 9, 2016 and disclosing that the
Company will not be able to file the 10-Q within the five-day
extension period provided in Rule 12b-25(b) under the Securities
Exchange Act of 1934, as amended, together with its prior and
ongoing failure to timely file its Annual Report on Form 10-K, was
not in compliance with Listing Rule 5250(c)(1) of the Nasdaq
Listing Rules (the "Rules") for continued listing.

Under the Rules, the Company had until November 14, 2016 to submit
a plan to Nasdaq to regain compliance and if Nasdaq accepts such
plan, Nasdaq can grant an exception until March 13, 2017 to regain
compliance.  If Nasdaq does not accept the Company's plan, the
Company has the opportunity to appeal such decision to a Nasdaq
Hearings Panel.

The Company submitted a plan to regain compliance to Nasdaq on
November 14, 2016.

At this time, this notification has no effect on the listing of the
Company's common stock on The Nasdaq Global Market.

                           About Misonix

Misonix, Inc. (NASDAQ: MSON) -- http://www.misonix.com/-- designs,
develops, manufactures and markets therapeutic ultrasonic medical
devices.  Misonix's therapeutic ultrasonic platform is the basis
for several innovative medical technologies.  Addressing a combined
market estimated to be in excess of $1.5 billion annually;
Misonix's proprietary ultrasonic medical devices are used in spine
surgery, neurosurgery, orthopedic surgery, wound debridement,
cosmetic surgery, laparoscopic surgery, and other surgical and
medical applications.  


MPH ACQUISITION: Moody's Retains B2 CFR on Unsec. Notes Add-On
--------------------------------------------------------------
Moody's Investors Service said that MPH Acquisition Holdings LLC's
(the indirect parent of MultiPlan, Inc.) proposed add-on senior
unsecured notes are credit negative, but do not impact the
company's credit ratings.  These include the B2 Corporate Family
Rating, the B1 rating on the first lien senior secured credit
facilities, and Caa1 rating on the senior unsecured notes.  The
rating outlook remains stable.

MPH Acquisition Holdings LLC is a holding company whose principal
operating subsidiary is MultiPlan, Inc.  Based in New York City,
MultiPlan provides health care cost management services via
contract arrangements between health insurance companies, national
and regional health plans, third party administrators, self-insured
employers, Taft-Hartley sponsored plans and federal and state
government agencies.  Multiplan pays a negotiated rate to its
network providers after it receives payment from its payor
customers, and recognizes the difference as revenue.  The company
is privately held by Hellman & Friedman LLC and generates annual
revenues of approximately $1.0 billion.



MPH ACQUISITION: S&P Affirms 'B+' CCR After Proposed $460MM Add-On
------------------------------------------------------------------
S&P Global Ratings said it affirmed its 'B+' long-term corporate
credit rating on MultiPlan Inc. and MPH Acquisition Holdings LLC
(collectively, Multiplan), following its proposed $460 million
add-on unsecured note to fund a shareholder dividend.  The outlook
is stable.

S&P has also affirmed its 'B+' issue-level rating with a '3'
recovery rating--indicating S&P's expectation for meaningful
(50%-70%, upper half of the range) recovery of principal in the
event of a default -- on the company's senior secured facilities
consisting of a $3.32 billion term loan due 2023 and a $100 million
revolver due 2021.  S&P has also affirmed its 'B-' issue level
rating with a '6' recovery rating -- indicating S&P's expectation
for negligible (0%-10%) recovery of principal in the event of a
default -- on the company's $1.56 billion unsecured notes
(including the add-on) due 2024.

"The affirmations reflect our belief that, although the proposed
add-on delays the company's de-levering plans by two quarters,
Multiplan's sustained competitive position and strong earnings and
cash-flow generating capabilities will enable it to carry this
increased debt load and de-lever modestly during the next year,"
said S&P Global Ratings credit analyst Julie Herman.

The stable outlook reflects S&P's expectation that MultiPlan will
maintain its leading market position in the health care
cost-containment industry as shown by continued growth in earnings
and cash flow with revenue growth in the high single digits and
sustained well above-average margins.  S&P expects growth to come
from enhanced client penetration in various analytics services, new
client wins (such as Blues plans), and new market segments such as
government-sponsored workers' compensation and auto medical.  This
should enable the company to demonstrate a de-levering trend, with
leverage between 6.5x and 7x by year-end 2016 and between 5.7x and
6.2x by year-end 2017.  S&P expects its funds from
operations-to-debt ratio to remain above 8% and EBITDA coverage to
stay above 2.5x.

S&P could consider a downgrade in the next 12 months if the
company, rather than de-levering, increases leverage above 7x and
coverage below 2.5x, which could occur if management takes a
more-aggressive approach to financial policy than S&P anticipates
and/or through performance deterioration.  S&P would also consider
lowering the rating if MultiPlan's business profile weakens as
shown by declining revenues and margins, which could come from the
loss of key contracts.

S&P views an upgrade as unlikely due to the financial sponsor
ownership and S&P's view that the company will not sustain leverage
below 5x.


NAS HOLDINGS: Can Use BB&T Cash Collateral Until Nov. 30
--------------------------------------------------------
Judge Catherine R. Aron of the U.S. Bankruptcy Court for the Middle
District of North Carolina authorized NAS Holdings, Inc., to use
cash collateral on an interim basis until Nov. 30, 2016.

Secured Creditor BB&T holds two secured liens against restaurant
equipment and fixtures of the Debtor.  The monthly payments for the
two loans are $7,269 and $3,730, respectively.

Judge Aron acknowledged that the Debtor is entitled to use the cash
collateral for its ordinary and reasonable operating expenses.

BB&T consented to the limited use of its cash collateral through
Nov. 30, 2016.

The approved Budget for the month of November 2016 provided for
total expenses in the amount of $26,625.

BB&T is granted replacement liens upon all collateral of the type
and kind upon which it had prepetition liens, to the same extent,
priority, and validity as it had on the Petition Date.  BB&T was
also granted an allowed super-priority administrative expense
claim, to the extent of any diminution in value of its interests in
prepetition collateral caused solely by the use of cash
collateral.

The Debtor is directed to continue making regular monthly payments
to BB&T as they come due, and to continuously maintain an insurance
policy on the restaurant equipment and fixtures.

A further hearing on the Debtor's use of cash collateral is
scheduled on Nov. 30, 2016 at 2:00 p.a.

A full-text copy of the Order, dated Nov. 14, 2016, is available at

http://bankrupt.com/misc/NASHoldings2016_1650346_148.pdf

                        About NAS Holdings

NAS Holdings, Inc., sought chapter 11 protection (Bankr. M.D.N.C.
Case No. 16-50346) on April 1, 2016.  The petition was signed by
Neeket Vadgama, vice president.  The Debtor is represented by
Kenneth Love, Esq., at Love and Dillenbeck Law, PLLC.  The case is
assigned to Judge Catharine R. Aron.  The Debtor estimated assets
of $500,000 to $1 million and debt of $1 million to $10 million.  

The Debtor is a holding company, running three franchises of Brixx
Wood Fired Pizza in Greensboro and Winston Salem, North Carolina
and in Marietta, Georgia.

The Bankruptcy Administrator was unable to form a creditors'
committee in the Debtor's chapter 11 cases.

Judge Catharine Aron on May 31, 2016, appointed Bert Davis, Jr.,
CPA of Greensboro, North Carolina, as examiner in the company's
bankruptcy case.


NEIMAN MARCUS: Bank Debt Trades at 9% Off
-----------------------------------------
Participations in a syndicated loan under Neiman Marcus Group Inc
is a borrower traded in the secondary market at 91.19
cents-on-the-dollar during the week ended Friday, November 11,
2016, according to data compiled by LSTA/Thomson Reuters MTM
Pricing.  This represents a decrease of 0.23 percentage points from
the previous week.  Neiman Marcus Group Inc pays 300 basis points
above LIBOR to borrow under the 2900 billion facility. The bank
loan matures on Oct. 16, 2020 and carries Moody's B2 rating and
Standard & Poor's B- rating.  The loan is one of the biggest
gainers and losers among 247 widely quoted syndicated loans with
five or more bids in secondary trading for the week ended November
11.


NEPHROS INC: Incurs $706K Net Loss in Third Quarter
---------------------------------------------------
Nephros, Inc., filed with the Securities and Exchange Commission
its quarterly report on Form 10-Q disclosing a net loss of $706,000
on $475,000 of total net revenues for the three months ended Sept.
30, 2016, compared to a net loss of $581,000 on $320,000 of total
net revenues for the same period a year ago.

For the nine months ended Sept. 30, 2016, the Company reported a
net loss of $2.37 million on $1.57 million of total revenues
compared to a net loss of $2.15 million on $1.43 million of total
net revenues for the nine months ended Sept. 30, 2015.

As of Sept. 30, 2016, Nephros had $3.01 million in total assets,
$1.79 million in total liabilities and $1.21 million in total
stockholders' equity.

At Sept. 30, 2016, the Company had an accumulated deficit of
approximately $119,630,000 and the Company expects to incur
additional operating losses in the foreseeable future at least
until such time, if ever, that we are able to increase product
sales or license revenue.  The Company has financed its operations
since inception primarily through the private placements of equity
and debt securities, its initial public offering, license revenue,
and rights offerings.



At Sept. 30, 2016, the Company had cash totaling approximately
$807,000 and total assets of approximately $1,695,000, excluding
other intangible assets (related to the Medica License and Supply
Agreement) of approximately $1,315,000.

On June 7, 2016, the Company received gross proceeds of
approximately $1,187,000 in connection with the issuance of
unsecured promissory notes and warrants.

A full-text copy of the Form 10-Q is available for free at:

                    https://is.gd/dAGSUJ

                        About Nephros

River Edge, N.J.-based Nephros, Inc., is a commercial stage medical
device company that develops and sells high performance liquid
purification filters.  Its filters, which it calls ultrafilters,
are primarily used in dialysis centers and healthcare facilities
for the production of ultrapure water and bicarbonate.

Nephros reported a net loss of $3.08 million on $1.94 million of
total net revenues for the year ended Dec. 31, 2015, compared to a
net loss of $7.37 million on $1.74 million of total net revenues
for the year ended Dec. 31, 2014.

Withum Smith+Brown, PC, in Morristown, New Jersey, issued a "going
concern" qualification on the consolidated financial statements for
the year ended Dec. 31, 2015, citing that the Company has incurred
negative cash flow from operations and recurring net losses since
inception.  These conditions, among others, raise substantial doubt
about its ability to continue as a going concern.


NEW STREAMWOOD: Can Use Olympic Waterfall Cash Until Dec. 9
-----------------------------------------------------------
Judge Timothy A. Barnes of the U.S. Bankruptcy Court for the
Northern District of Illinois authorized New Streamwood Lanes, Inc.
to use the cash collateral of Waterfall Olympic Master Fund Grantor
Trust, Series II on an interim basis, from Nov. 2, 2016 to Dec. 9,
2016.

The Debtor is indebted to Waterfall Olympic in the amount of
$3,025,305.  Waterfall Olympic has security interests in, but not
limited to, the Debtor's commercial assets, real estate, and any
and all rents, revenues, income, profits, and proceeds generated
from the real estate and commercial assets.

The Debtor represented that without the use of cash collateral, it
does not have sufficient available sources of working capital and
financing to operate its real estate or business operations in the
ordinary course of business or operate its business and maintain
its property in accordance with state and federal law.

The approved Budget for the month of November 2016 provided for
total expenses in the amount of $73,630.

Waterfall Olympic was granted replacement liens, to the same
extent, validity and priority as existed on the Petition Date, on
all assets of the Debtor.

The Debtor was directed to make monthly adequate protection
payments to Waterfall Olympic in the amount of $6,188.

A hearing on the Debtor's continued use of cash collateral is
scheduled on Dec. 7, 2016 at 10:30 a.m.

A full-text copy of the Interim Order, dated Nov. 14, 2016, is
available at
http://bankrupt.com/misc/NewStreamwood2014_1420808_296.pdf

                 About New Streamwood Lanes, Inc.

New Streamwood Lanes, Inc., filed a chapter 11 petition (Bankr.
N.D. Ill. Case No. 14-20808) on June 2, 2014.  The petition was
signed by Terence Vaughn, president.  The Debtor is represented by
Ryan Kim, Esq., at Inseed Law PC.  The case is assigned to Judge
Benjamin Godgar.  The Debtor estimated assets and liabilities at $1
million to $10 million at the time of the filing.


NORDIC INTERIOR: Has Until Feb. 13 to File Reorganization Plan
--------------------------------------------------------------
Judge Elizabeth S. Stong of the U.S. Bankruptcy Court for the
Eastern District of New York extended Nordic Interior, Inc.'s
exclusive periods for filing a plan of reorganization and
soliciting acceptances to the plan, through February 13, 2017 and
April 14, 2017, respectively.

The Debtor previously sought the extension of its exclusive
periods, citing the following reasons:

     (a) Although the Debtor commenced its chapter 11 case on July
18, 2016, the Creditors' Committee was not appointed until October
6, 2016.  The Committee has not yet had the opportunity to complete
due diligence with respect to the Debtor's finances and negotiate a
plan with the Debtor.

     (b) The Debtor is continuing to adjust to the rigors of being
a debtor in possession and work on stabilizing its operations,
hence plan negotiations are premature.  Revenue decreased initially
upon the commencement of the case and the Debtor's status as debtor
in possession has made the task of obtaining new work from or on
behalf of project owners challenging.  While the Debtor has made
significant progress in this regard, it has more to do because a
stable business is essential in order for the Debtor to project
revenue with reasonable accuracy that are essential to plan
negotiations because they will inform the payment terms of any
feasible plan.

     (c) The Debtor's case involves numerous creditors and parties
in interest and complex issues.

                      About Nordic Interior, Inc.

Nordic Interior, Inc., filed a Chapter 11 bankruptcy petition
(Bankr. E.D.N.Y. Case No. 16-43163) on July 18, 2016.  The case is
pending before Judge Elizabeth S. Stong.  Rosen & Associates, P.C.,
serves as counsel to the Debtor.

Nordic Interior, Inc., was founded in 1973 as a drywall and small
woodworking company.   At the time of the bankruptcy filing, the
Company had approximately 50 employees, 35 of whom are carpenters
and project managers who are subject to a collective bargaining
agreement with the Carpenters' Union.        

William K. Harrington, the U.S. Trustee for Region 2, on Oct. 6
appointed three creditors of Nordic Interior, Inc., to serve on the
official committee of unsecured creditors.  The committee members
are: New York City District Council of Carpenters Benefit Fund;
Bomboy Incorporated; and Admat Construction Inc.



NOVABAY PHARMACEUTICALS: Incurs $3.73 Million Net Loss in 3rd Qtr.
------------------------------------------------------------------
Novabay Pharmaceuticals, Inc., filed with the Securities and
Exchange Commission its quarterly report on Form 10-Q disclosing a
net loss and comprehensive loss of $3.73 million on $3.43 million
of total net sales for the three months ended Sept. 30, 2016,
compared to a net loss and comprehensive loss of $5.24 million on
$1.20 million of total net sales for the three months ended Sept.
30, 2015.

For the nine months ended Sept. 30, 2016, the Company reported a
net loss and comprehensive loss of $11.50 million on $7.82 million
of total net sales compared to a net loss and comprehensive loss of
$14.76 million on $2.74 million of total net sales for the same
period a year ago.

As of Sept. 30, 2016, NovaBay had $15.14 million in total assets,
$8.42 million in total liabilities and $6.71 million in total
stockholders' equity.

A full-text copy of the Form 10-Q is available for free at:

                   https://is.gd/nHZazM

              About NovaBay Pharmaceuticals

NovaBay Pharmaceuticals is a biopharmaceutical company focusing on
the commercialization of prescription Avenova lid and lash hygiene
for the domestic eye care market.  Avenova is formulated with
Neutrox which is cleared by the U.S. Food and Drug Administration
(FDA) as a 510(k) medical device.  Neutrox is NovaBay's proprietary
pure hypochlorous acid.  Laboratory tests show that hypochlorous
acid has potent antimicrobial activity in solution yet is non-toxic
to mammalian cells and it also neutralizes bacterial toxins.
Avenova is marketed to optometrists and ophthalmologists throughout
the U.S. by NovaBay's direct medical salesforce.  It is accessible
from more than 90% of retail pharmacies in the U.S. through
agreements with McKesson Corporation, Cardinal Health and
AmeriSource Bergen.

NovaBay reported a net loss of $18.97 million in 2015, a net loss
of $15.19 million in 2014 and a net loss of $16.04 million in
2013.

OUM & Co. LLP in San Francisco, California, audited the
consolidated balance sheets of NovaBay Pharmaceuticals, Inc. as of
December 31, 2015 and 2014 and the related consolidated statements
of operations and comprehensive loss, stockholders' equity, and
cash flows for each of the three years in the period ended December
31, 2015.  The firm noted that the Company has suffered recurring
losses and negative cash flows from operations and has a
stockholders' deficit, all of which raise substantial doubt about
its ability to continue as a going concern.


NTHRIVE INC: Moody's Affirms B3 CFR; Outlook Remains Stable
-----------------------------------------------------------
Moody's Investors Service affirmed nThrive, Inc.'s corporate family
rating of B3, probability of default rating of B3-PD, B2 first lien
credit facilities and Caa2 second lien credit facility, following
its announcement to acquire Adreima, Inc., a provider of revenue
cycle management.  The transaction will be financed by raising its
first lien term loan to $565 million from $460 million (face
amount) and increasing cash equity.  The rating outlook remains
stable.

                         RATINGS RATIONALE

nThrive remains weakly positioned in the B3 corporate family rating
category following the acquisition of Adreima, given its very high
leverage of about 7.7x for estimated FY 2016, on a Moody's adjusted
basis, including synergies, excluding costs to achieve synergies
and expensing all software development costs (or about 10.9x
without consideration for synergies and expensing costs to achieve
synergies).  The rating is also constrained by integration risks,
modest free cash flow, limited historical financial information of
nThrive, Inc. as a stand-alone entity and small overall revenue
base compared to key competitors (i.e., large hospital systems and
payors).

The B3 rating is supported by the combined company's leading market
position as a provider of proprietary revenue cycle technology
(RCT) and scaled outsourced services in the healthcare industry,
with broad end-to-end product offerings across the revenue cycle,
high retention rates (about 90%) and recurring revenues (about
85%).  Moody's expects the combined company to have i) steady
revenue growth (about mid single digit percentages per annum for
the next 2 years) and ii) favorable industry dynamics (i.e., payer
mix shift, payment model shifts and transition to International
Classification of Diseases' tenth revision (ICD-10) from ICD 9, a
significantly less detailed set of diagnostic and procedure codes
compared to ICD 10).  Additionally, nThrive's independence provides
a competitive differentiation, as key competitors are captive
subsidiaries of other hospital systems and payors.  nThrive also
has a strong and diverse customer base of over 5,000 (60% of total
hospitals), with no one customer having over 5% of revenues.

Liquidity is adequate based on an expected cash balance of about
$23 million at closing and an undrawn $50 million first lien
revolver at closing.  For 2017 Moody's expects total FCF to grow
modestly over FY 2016 and the revolver to remain undrawn.  Moody's
anticipates adequate cushion under the springing financial covenant
of the revolver, which is only to be tested if the revolver is 30%
drawn.  The first and second lien term loans do not have financial
covenants.  The first lien term loan amortizes about 1% per annum,
with a bullet due at maturity. The second lien term loan has just a
bullet due at maturity.

The stable outlook reflects Moody's expectation of at least
mid-single digit revenue growth, EBITDA margins (on a Moody's
adjusted basis) in the mid-teen percentages and FCF to debt in the
low single digits over the next year.  By 2017, EBITDA margins (on
a Moody's adjusted basis) should improve to the upper teen
percentages and FCF to debt to the mid-single digits.

The ratings could be upgraded if:

  The integration proceeds smoothly;

  The company demonstrates high single digit organic revenue
   growth;

  Leverage is expected to be sustained around 6.0x; and

  FCF to debt is sustained above 5%.

The ratings could be downgraded if:

  Liquidity materially weakens; or

  Performance deteriorates materially, as a result of competitive
   pressures or integration challenges, such that i) leverage does

   not progress towards 7.0x or ii) FCF is negative.

These ratings were affirmed:

Issuer -- nThrive, Inc.

  Corporate Family Rating - B3
  Probability of Default Rating - B3-PD
  Senior Secured First Lien Revolving Credit Facility, affirmed B2

   (LGD 3)
  Senior Secured First Lien Term Loan, affirmed B2 (LGD 3)
  Senior Secured Second Lien Term Loan, affirmed Caa2 (LGD 5)
  Outlook – Stable

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

nThrive, Inc. through the combination of i) MedAssets, Inc.'s
revenue cycle management segment, ii) Precyse Solutions, Inc. (a
provider of healthcare information management ("HIM")) and iii)
Adreima, Inc. (a provider of RCM), has a leading market position as
a provider of proprietary revenue cycle technology ("RCT") (i.e.,
SaaS based technology solutions to help with the various stages of
the RCM process) and scaled outsourced services in the healthcare
industry.  The combined businesses generated pro forma revenues of
about $511 million in 2015.


ODYSSEY CONTRACTING: Plan Filing Period Extended to Jan. 23
-----------------------------------------------------------
Judge Carlota M. Bohm of the U.S. Bankruptcy Court for the Western
District of Pennsylvania extended Odyssey Contracting Corp.'s
exclusive periods to file a plan of reorganization and confirm a
plan to January 23, 2017 and March 20, 2017, respectively.

The Debtor previously sought the extension of its exclusive
periods, telling the Court that it is involved in various
litigation matters, the outcome of which will have a significant
impact upon the particulars of Debtor's reorganization.  The Debtor
further told the Court that all litigation matters were still
pending and being processed by the Bankruptcy Court approved
Counsel.

The Debtor said it was in the process of finalizing an adequate
protection agreement with its primary secured creditor, so that any
filing of a Plan prior to the finalization/formalization of an
agreement with the primary secured creditor and prior to additional
progress in the various litigation matters would likely result in a
Plan with terms that are premature, speculative and subject to
amendment and change.

                     About Odyssey Contracting Corp.

Odyssey Contracting Corp., based in Houston, Pennyslvania, filed a
Chapter 11 petition (Bankr. W.D. Pa. Case No. 15-22330) on June 29,
2015.  The petition was signed by Stavros Semanderes, president.
Hon. Carlota M. Bohm presides over the case.  Robert O. Lampl, Esq.
-- rlampl@lampllaw.com -- at Robert O. Lampl, Attorney at Law,
serves as the Debtor's counsel.  In its petition, the Debtor
estimated $1 million to $10 million in both assets and liabilities.


PAWS AND CLAWS: U.S. Trustee Unable to Appoint Committee
--------------------------------------------------------
The Office of the U.S. Trustee on Nov. 14 disclosed in a court
filing that no official committee of unsecured creditors has been
appointed in the Chapter 11 case of Paws and Claws Pet Inn, LLC.

Paws and Claws Pet Inn, LLC, filed a Chapter 11 petition (Bankr.
M.D.N.C. Case No. 16-81010) on November 14, 2016, and is
represented by James C. White, Esq., at Parry Tyndall White.


PEACOCK ENGINEERING: Moody's Puts B2 CFR on Review for Upgrade
--------------------------------------------------------------
Moody's Investors Service placed the ratings of Peacock Engineering
Company, LLC on review for upgrade.  This follows Greencore Group
plc's announcement that it plans to acquire Peacock for an
enterprise value of $748 million.  Greencore Group supplies
convenience foods to retail and food service businesses in the UK
and US.  Moody's expects Peacock's debt to be repaid as part of
this transaction.  Therefore, Moody's also anticipates withdrawing
Peacock's ratings when the transaction closes.

These ratings were placed on review for upgrade

   -- Corporate Family Rating at B2
   -- Probability of Default Rating at B2-PD
   -- $35 million senior secured 1st lien revolving credit
      facility due 2020 at B2 (LGD3)
   -- $285 million senior secured 1st lien term loan due 2022 at
      B2 (LGD3)
   -- $55 million senior secured 2nd lien term loan due 2023 at
      Caa1 (LGD6)

                         RATINGS RATIONALE

Peacock's existing B2 Corporate Family Rating reflects significant
customer concentration with the top four customers accounting for
about 80% of revenue, modest size, exposure to food safety issues,
and high financial leverage.  These negative credit factors are
partially offset by its minimum exposure to changes in material
costs due to the use of pass through contracts and good liquidity.

Peacock Engineering Company, headquartered in Geneva, Illinois,
provides contract packaging services to the food industry providing
frozen, refrigerated, and shelf stable products. Customers include
well recognized packaged food companies such as Tyson (Hillshire
Farms/Jimmy Dean), Kraft Heinz (Oscar Mayer Lunchables), General
Mills (Annie's), Dole, Gerber, and others. Pro forma for the L&L
Foods acquisition, annual revenues are approximately $1.0 billion.
Charlesbank Capital Partners, LLC, a private equity firm, owns over
90% of Peacock.

The principal methodology used in these ratings was Global Packaged
Goods published in June 2013.


PENNHILL FARMS: Sale of Equipment Trailer to Todd for $1.5K Okayed
------------------------------------------------------------------
Judge Howard R. Tallman of the U.S. Bankruptcy Court for the
District of Colorado authorized Pennhill Farms, Inc. to sell its
equipment trailer located in Pennsylvania to Douglas C. Todd
outside the ordinary course of business for $1,500.

The sale of the equipment trailer is free and clear of all liens,
claims and encumbrances pursuant to 11 U.S.C. Section 363(f), such
liens, claims and encumbrances to attach to the proceeds of the
sale in their order of priority.

The Debtor may use the proceeds to pay all all applicable sales
taxes generated by the subject sale to applicable taxing
authorities.

                      About PennHill Farms

PennHill Farms, Inc., filed for Chapter 11 bankruptcy protection
(Bankr. D. Colo. Case No. 14-22139) on Sept. 3, 2014, estimating
assets and liabilities between $1 million and $10 million.  The
petition was signed by Susan Pohlod, vice president.  Judge Howard
R Tallman presides over the case.

Headquartered in Parker, Colorado, PennHill Farms was formed in
1998 by Robert M. Pohlod, who is the Debtor's sole shareholder and
director.  The Debtor is a wholesale tree nursery with a tree
growing farm in Pennsylvania.  The Debtor's business model
included
growing trees in Pennsylvania then shipping the trees to the
PennHill nursery in Parker, Colorado for sale to wholesale buyers.

The Debtor grew and sold a wide variety of trees such as evergreen
trees, ornamental trees, and shade trees.  The majority of the
tree
sales were placed through the Colorado offices to wholesale
businesses in Colorado.  The Debtor operated successfully for 15
years growing trees in Pennsylvania, then shipping and selling
trees in Colorado.

Lee M. Kutner, Esq., Kutner Brinen Garber, P.C., serves as the
Debtor's bankruptcy counsel.


PENNHILL FARMS: Sale of Ford F-250 Truck to Bissett for $5K Okayed
------------------------------------------------------------------
Judge Howard R. Tallman of the U.S. Bankruptcy Court for the
District of Colorado authorized Pennhill Farms, Inc., to sell its
2003 Ford F-250 truck, VIN No. 1FTNX21P13EC98431, outside the
ordinary course of business, to George Bissett for $5,000.

The sale of the truck is free and clear of all liens, claims and
encumbrances pursuant to 11 U.S.C. Section 363(f), such liens,
claims and encumbrances to attach to the proceeds of the sale in
their order of priority.

The Debtor may use the proceeds to pay all all applicable sales
taxes generated by the subject sale to applicable taxing
authorities.

                      About PennHill Farms

PennHill Farms, Inc., filed for Chapter 11 bankruptcy protection
(Bankr. D. Colo. Case No. 14-22139) on Sept. 3, 2014, estimating
assets and liabilities between $1 million and $10 million.  The
petition was signed by Susan Pohlod, vice president.  Judge Howard
R Tallman presides over the case.

Headquartered in Parker, Colorado, PennHill Farms was formed in
1998 by Robert M. Pohlod, who is the Debtor's sole shareholder and
director.  The Debtor is a wholesale tree nursery with a tree
growing farm in Pennsylvania.  The Debtor's business model
included
growing trees in Pennsylvania then shipping the trees to the
PennHill nursery in Parker, Colorado for sale to wholesale buyers.

The Debtor grew and sold a wide variety of trees such as evergreen
trees, ornamental trees, and shade trees.  The majority of the
tree
sales were placed through the Colorado offices to wholesale
businesses in Colorado.  The Debtor operated successfully for 15
years growing trees in Pennsylvania, then shipping and selling
trees in Colorado.

Lee M. Kutner, Esq., Kutner Brinen Garber, P.C., serves as the
Debtor's bankruptcy counsel.


PENNHILL FARMS: Sale of New Holland TC45 Tractor for $12K Approved
------------------------------------------------------------------
Judge Howard R. Tallman of the U.S. Bankruptcy Court for the
District of Colorado authorized Pennhill Farms, Inc., to sell its
2001 New Holland TC45 tractor with 2,240 hours logged, outside the
ordinary course of business, to Universal Tractor Co. for $11,745.

The sale of the equipment trailer is free and clear of all liens,
claims and encumbrances pursuant to 11 U.S.C. Section 363(f), such
liens, claims and encumbrances to attach to the proceeds of the
sale in their order of priority.

The Debtor may use the proceeds to pay all all applicable sales
taxes generated by the subject sale to applicable taxing
authorities.

                      About PennHill Farms

PennHill Farms, Inc., filed for Chapter 11 bankruptcy protection
(Bankr. D. Colo. Case No. 14-22139) on Sept. 3, 2014, estimating
assets and liabilities between $1 million and $10 million.  The
petition was signed by Susan Pohlod, vice president.  Judge Howard
R Tallman presides over the case.

Headquartered in Parker, Colorado, PennHill Farms was formed in
1998 by Robert M. Pohlod, who is the Debtor's sole shareholder and
director.  The Debtor is a wholesale tree nursery with a tree
growing farm in Pennsylvania.  The Debtor's business model
included
growing trees in Pennsylvania then shipping the trees to the
PennHill nursery in Parker, Colorado for sale to wholesale buyers.

The Debtor grew and sold a wide variety of trees such as evergreen
trees, ornamental trees, and shade trees.  The majority of the
tree
sales were placed through the Colorado offices to wholesale
businesses in Colorado.  The Debtor operated successfully for 15
years growing trees in Pennsylvania, then shipping and selling
trees in Colorado.

Lee M. Kutner, Esq., Kutner Brinen Garber, P.C., serves as the
Debtor's bankruptcy counsel.


PERFORMANCE SPORTS: S&P Affirms Then Withdraws 'D' CCR
------------------------------------------------------
S&P Global Ratings affirmed and withdrew its 'D' corporate credit
rating and issue-level rating on Exeter, N.H.-based Performance
Sports Group Ltd. (PSG).

S&P is affirming and withdrawing the 'D' corporate credit and
issue-level ratings on PSG at the company's request.  On Oct. 31,
2016, the company voluntarily filed Chapter 11 bankruptcy
protection.  The filing came after the company missed its Oct. 28,
2016, deadline to file its fiscal year ended May 31, 2016, annual
financial statements. The company has interim approval for a debtor
in possession (DIP) facility.  A hearing on final approval is
scheduled for later this month.



PETTY FUNERAL: Use of ReadyCap Lending Cash on Interim Basis OK
---------------------------------------------------------------
Judge Jerry C. Oldshue, Jr., of the U.S. Bankruptcy Court for the
Southern District of Alabama authorized Petty Funeral Homes, LLC,
to use the cash collateral of ReadyCap Lending, LLC on an interim
basis.

The Debtor is indebted to ReadyCap Lending in the original amount
of $1,444,000.  ReadyCap Lending has:

     (1) a first priority security interest in, among other things,
certain real property and any and all buildings, structures and
other improvements on said real property;  

     (2)  a first priority security interest in certain personal
property of the Debtor, including fixtures, furniture, equipment,
inventory, accounts and general intangibles; and

     (3) an interest in and to all leases, rents, profits and other
income of any kind due or payable as a result of any use,
possession, or occupancy of all or a portion of the collateral.

Judge Oldshue acknowledged that the Debtor does not have sufficient
unencumbered cash or other assets with which to continue to operate
its business in Chapter 11 with the objective of formulating an
effective plan of reorganization for the benefit of all its
creditors without the use of Cash Collateral.   He further
acknowledged that an immediate and ongoing need exists for Debtor
to use the Cash Collateral in order to continue the operation of
its business as debtor-in-possession under Chapter 11 of the
Bankruptcy Code, to minimize the disruption of Debtor as a going
concern and to maximize the value of Debtor's estate and the value
of the Pre-Petition Collateral.

ReadyCap Lending is granted continuing liens and security interests
under the terms and conditions of the Loan Documents and in the
Collateral, and a replacement first priority perfected security
interest in all Collateral generated after the Petition Date.

The Debtor is directed to make monthly adequate protection payments
to ReadyCap Lending in the amount of $3,500.

The Debtor's authority to use cash collateral will terminate upon
the occurrence of one or more of the following events:

     (a) The entry of an order converting the case to a case under
Chapter 7 of the Bankruptcy Code or appointing a Chapter 7 trustee
or examiner;

     (b) The entry of an order dismissing or suspending the case;

     (c) The entry of an order in the case granting ReadyCap relief
from the automatic stay to exercise its rights in the collateral
pursuant to applicable non-bankruptcy law;

     (d) The entry of an order amending, supplementing, or
otherwise modifying the terms and conditions of the Seventh Interim
Order without the consent of ReadyCap;

     (e) Written notice from ReadyCap of a failure by Debtor to
perform or comply with any terms or covenants under the Seventh
Interim Order;

     (f) Failure by Debtor to separately account for cash
collateral;

     (g) Discovery of postpetition fraudulent conduct on the part
of Debtor or the transfer of any collateral other than in the
ordinary course of business without authorization of the Court.

The final hearing on the Debtor's Motion is scheduled on Nov. 29,
2016 at 9:30 a.m.

A full-text copy of the Seventh Interim Order, dated Nov. 14, 2016,
is available at
http://bankrupt.com/misc/PettyFuneral2016_1600454_80.pdf

                 About Petty Funeral Homes, LLC

Petty Funeral Homes, LLC, filed a chapter 11 petition (Bankr. S.D.
Ala. Case No. 16-00454) on Feb. 16, 2016.  The petition was signed
by Joe Max Petty, managing member.  The case is assigned to Judge
Jerry Oldshue, Jr.  The Debtor estimated assets of $500,000 to $1
million and debts of $1 million to $10 million.

The Debtor is represented by Irvin Grodsky, Esq.

The U.S. Bankruptcy Court for the Southern District of Alabama on
April 15, 2016, issued an order appointing three creditors of Petty
Funeral Homes, LLC to serve on the official committee of unsecured
creditors.  The committee members are: (1) Gulf Coast Wilbert, (2)
Gulf Coast Signet, and (3) Joyce Petty, Representative.


PICO HOLDINGS: Is UCP America's Worst Builder? Bloggers Ask
-----------------------------------------------------------
PICO Holdings, Inc. (Nasdaq:PICO), based in La Jolla, Calif., is a
diversified holding company reporting recurring losses since 2008.
PICO owns 57% of UCP, Inc. (NYSE:UCP), 100% of Vidler Water
Company, Inc., a securities portfolio and various interests in
small businesses. PICO has $662 million in assets and $426 million
in shareholder equity. Central Square Management LLC and River Road
Asset Management LLC collectively own more than 14% of PICO. Other
activists at http://ReformPICONow.com/(RPN) have taken to the
Internet to advance the shareholder cause.

The bloggers ask an important and provocative question: "Is UCP
America's worst publicly-traded homebuilder?"

Their answer: "A strong case can be made that the answer is 'yes'
-- not because the homes it builds are shabby or inferior, but
because UCP's Directors and Executives fail to maximize the value
of the company's assets in the marketplace."

The bloggers explain why.

"UCP ranks near the bottom of the industry in all measures of
operations and profitability, except for growth metrics. UCP's Q3
gross margin was 18% in Q3 2016, placing it in the bottom half of
the industry. Operating profit margin was 7.1% -- also in the
bottom half of the industry. If an appropriate tax provision of 38%
is taken, hypothetical net income was $3.4 million, producing a net
margin of 4.4%, at the bottom of the industry.

Over the last 12 months, UCP has earned $17 million in pretax
income and $10.5 million aftertax. UCP's shareholder's equity is
$217 million; return on equity for the last 12 months is 4.9%
($10.5/$217=4.9%). SEC filings reveal that UCP's self-calculated
cost of equity capital is around 14%. UCP is 900 basis points short
of that threshold. When we multiply the 9% shortfall by $217
million in equity, UCP is destroying almost $20 million in
shareowner value every year (.09x$217=$19.5)."

The bloggers offer some commentary on these metrics. "UCP is a
value destruction machine that transfers wealth from shareholders
to Directors, Executives and Employees. UCP CEO Dustin Bogue comes
to work every day, but it would be better for shareholders if he
did not.

Recently, UCP aborted a $200 million high-yield debt offering. This
was a blow to both UCP's image and its business plan. UCP told
investors that it has numerous options, but UCP is now damaged
goods in the market for debt issuance and none of its financing
alternatives are appealing."

The bloggers criticize UCP's investments. "UCP's capital allocation
has been dismal.

"UCP's unenviable 18% gross margin is due to certain poor real
estate choices, high borrowing rates and high costs. UCP's low
gross margins are surprising given two factors – first that UCP
has significant vintage West Coast land purchased at cheap prices
during the downturn. Second, that UCP derives the majority of its
revenues in high-margin California, where competitors typically
produce gross margins of 20% or higher.

"The Citizens goodwill writedown is embarrassing. We do not know
how a homebuilder acquisition, made in 2014, in some of America's
best homebuilding markets, during a period of strongly rising land
prices, could go sideways.

"On the 2016 earnings calls, both Q2 and Q3, Mr. Bogue blamed
weather for the problems in its Southeast Division. However, RPN
has read the Q2 and Q3 earnings releases and listened to the
earnings calls for every publicly traded homebuilder in the US. Not
one single other homebuilder that operates in UCP's Southeast
markets, cited the weather as an impediment to deliveries or a drag
on profits. Competitors that operate in the same markets as UCP's
Southeast Division did not experience operational shortfalls and
they did not blame the weather for operational problems.
Consequently, we find Mr. Bogue's explanation for his poor results
there – the weather – to be unlikely.

"We believe that the latter two explanations provided in the 10-Q,
abandoned land deals and margin miscalculation, are to blame for
the problems at UCP's Southeast Division. And these two factors are
the direct responsibility of management, namely Mr. Bogue who
executed the Citizens acquisition.

"This distinction is important. The weather is out of Mr. Bogue's
control. Overpaying for an acquisition and botching operations
thereafter, are not."

Next, the bloggers excoriate UCP's corporate governance. "When it
comes to corporate governance and Director/Executive conduct, we
believe that UCP is far and away America's worst homebuilder. Mr.
Bogue was bailed out of his Red Hawk deal with PICO Holdings‘
shareholder funds when a land deal for which he issued a personal
guarantee went bust. When UCP went IPO in July 2013, Mr. Bogue
engineered gross margins of 32% in the quarter immediately
preceding. UCP's stock traded as high as $17 per share, before
plummeting to a low of about $5.50 in 2016. Correspondingly, gross
margins deteriorated from 32% at IPO to 18% now – a decline of
44%. Michael Cortney, as Chairman of the UCP Board and Chair of the
UCP Comp Committee, and the rest of UCP's Directors,
surreptitiously removed the Officer Stock Ownership Guidelines from
the 2016 Proxy Statement. Despite our calls for an explanation and
update, Mr. Cortney has failed to clarify this material alteration.
Mr. Bogue has been a large net seller of UCP shares since the IPO.
Since July 2013, Mr. Bogue has sold almost 175,000 shares for total
proceeds of almost $2 million. During that time, he has purchased
only 4,350 UCP shares. UCP is unable to remove John 'The Juicer'
Hart from its Board of Directors. We view this as sloppy corporate
governance."

According to the bloggers, given the factors just outlined, an
investment in UCP makes no economic sense. "On a risk-adjusted
basis, it is irrational to invest in a sub-scale firm that produces
economic returns below its cost of capital. Given its higher
inherent risk, a micro firm must earns its existence every day by
producing greater returns to its owners. A larger firm, with
greater stability and less risk, has a lower cost of capital and
therefore a lower economic hurdle to clear.

"The worst of all economic worlds is a small, unstable, risky firm
(especially one that was just shut out of the high-yield debt
market) that produces returns far below its cost of capital. In
such a case, investment makes no sense. And the firm's continued
existence, under the stewardship of current leadership, makes no
sense.

"Given the mosaic just laid out, we believe UCP is the worst
publicly traded homebuilder in the US. Its financial results are
below industry norms. It destroys value with every home sold and
earns an uneconomic return for owners. UCP's capital allocation is
destructive. Corporate governance is wanting. UCP's communication
with shareholders is not forthright. We believe that the conclusion
we draw is the only conclusion that can be drawn."


PORTOFINO TOWERS: Jan. 17 Plan Filing Period Extension Approved
---------------------------------------------------------------
Judge Laurel M. Isicoff of the U.S. Bankruptcy Court for the
Southern District of Florida extended Portofino Towers 1002 LLC's
exclusive periods to file a plan and disclosure statement and to
obtain acceptances to the plan to January 17, 2017 and April 17,
2017, respectively.

The Debtor previously sought the extension of its exclusive
periods, asserting that it has engaged in meaningful settlement
negotiations with its lender and made a substantial offer.  The
Debtor contended that although the Lender ordered an appraisal at
the end of September, nothing had been resolved.  The Debtor
further contended that it required more time to negotiate with
creditors since the 120 day exclusive period to file a plan was
slated to expire October 19, 2016, absent an extension.

                       About Portofino Towers 1002 LLC

Portofino Towers 1002 LLC filed a Chapter 11 bankruptcy petition
(Bankr. S.D. Fla. Case No. 16-18808) on June 21, 2016.  The
petition was signed by Laurent Benzaquen, authorized
representative.  Judge Laurel M. Isicoff presides over the case.
Joel M. Aresty, Esq., at Joel M. Aresty, P.A., represents the
Debtor as counsel.  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 disclosed in a court filing that no
official committee of unsecured creditors has been appointed in the
Chapter 11 case of Portofino Towers 1002 LLC.



Q AND Q REALTY: Cash Collateral Use Hearing on Dec. 7
-----------------------------------------------------
Q and Q Realty, LLC, submitted to the U.S. Bankruptcy Court for the
Eastern District of New York, a proposed interim order authorizing
the Debtor to use the cash collateral of Stabilis Fund IV, LP.

The Debtor owes Stabilis Fund IV approximately $2,619,576.
Stabilis Fund IV holds a valid, perfected and enforceable first
priority blanket lien on and security interest in the Debtor's
property located at 95-02 35th Avenue, Flushing, New York.

Among other things, the proposed Interim Order:

     (1) authorizes the Debtor to use cash collateral pursuant to a
Budget;  

     (2) grants Stabilis Fund IV a valid and perfected replacement
security interest in, and lien on, all of the right, title and
interest of the Debtor in, to and under all present and
after-acquired property and assets of the Debtor of any nature
whatsoever;

     (3) grants Stabilis Fund IV an allowed superpriority
administrative expense claim in the chapter 11 case and any
Successor Cases in the amount of the Adequate Protection
Obligations, subject to the Carve Out;

     (4) directs the Debtor to make monthly adequate protection
payments of $13,500, beginning on Oct. 1, 2016; and

     (5) provides for Carve Out that consists of:

          (a) fees under 28 U.S.C. Section 1930 and 31 U.S.C.
Section 3717,

          (b) fees payable to the Clerk of the Bankruptcy Court,

          (c) all unpaid fees, costs and expenses incurred by
persons or firms retained by the Debtor pursuant to Bankruptcy Code
Sections 327, 328 or 363 and any Committee as may be allowed by the
Court under Bankruptcy Code Sections 330 or 331 and as may be
advanced subject to allowance pursuant to any monthly fee order
entered in the chapter 11 case, not to exceed the lesser of the
aggregate of sum of $5,000.00 and the Professional Fees accrued to
the Termination Date.

A hearing on the Debtor's use of cash collateral is scheduled on
Dec. 7, 2016 at 3:30 p.m.

A full-text copy of the proposed Interim Order, dated Nov. 14,
2016, is available at
http://bankrupt.com/misc/QandQRealty2016_11644044nhl_31.pdf

                 About Q and Q Realty, LLC

Q and Q Realty LLC sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. E.D.N.Y. Case No. 16-44044) on Sept. 9,
2016.   The petition was signed by Juan Galvan, managing member.
The case is assigned to Judge Nancy Hershey Lord.  The Debtor is
represented by Robert L. Reda, Esq., at The Law Offices of Robert
L. Reda, P.C.  At the time of the filing, the Debtor disclosed $4
million in assets and $2.16 million in liabilities.


RICHARD LUTZ: Creditor Seeks Appointment of Ch. 11 Trustee
----------------------------------------------------------
Harvey Berk asks Judge Jerrold N. Poslusny, Jr., of the United
States Bankruptcy Court for the District of New Jersey to appoint a
Chapter 11 Trustee for Richard Lutz.

Mr. Berk's counsel, Robert M. Rich, Esq., asserts that the Debtor
is compelled to provide a copy of the last title report with regard
to the property located at 351 Creek Road, in Moorestown, New
Jersey, as well as any all flood certifications or flood researches
in the possession of the Debtor and/or his attorneys with regard to
the aforesaid property.

Mr. Rich further asserts that the appointment of a disinterested
trustee will fairly liquidate the property of the Debtor.

Richard Lutz sought Chapter 11 protection (Bankr. D.N.J. Case No.
16-26969) on Sept. 1, 2016.  The Debtor tapped Ellen M. McDowell,
Esq., at McDowell Posternock Apell & Detrick, PC as counsel.


S&S SCREW: Has Until Feb. 9 to Use Regions Bank Cash Collateral
---------------------------------------------------------------
Judge Randal S. Mashburn of the U.S. Bankruptcy Court for the
Middle District of Tennessee authorized S&S Screw Machine Company,
LLC to use cash collateral on an interim basis, until Feb. 9,
2017.

Regions Bank asserted a lien on the Debtor's assets to secure
obligations totaling approximately $3,364,485.  Regions Bank also
asserted that all the Debtor's cash and cash equivalents are part
of the collateral and are cash collateral of Regions Bank.

The Internal Revenue Services has a tax lien in the amount of
$2,209,089.76.  The IRS Debt is subordinate to the Regions Loan and
is undersecured or unsecured.

Judge Mashburn acknowledged that the Debtor's need to use Cash
Collateral is immediate and critical to enable the Debtor to
administer its Chapter 11 Case generally, continue to operate its
business in the normal course, and preserve the value of its estate
for all stakeholders.  Judge Mashburn further acknowledged that the
ability of the Debtor to pay employees requires the availability of
working capital from the use of Cash Collateral, the absence of
which would immediately and irreparably harm the Debtor, its
estate, and its stakeholders.

The approved Budget covered a 13-week period, spanning the months
of November 2016 through January 2017.  The Budget provided for
total cash outlays in the amount of $194,000 for November 2016,
$101,000 for December 2016, and $119,000 for January 2017.

Regions Bank and the IRS are granted replacement liens, of the same
extent and priority as enjoyed prior to the Petition Date, to the
extent of any diminution in value of the collateral and cash
collateral, in all of the Debtor's postpetition assets of the same
kind and description as the post-petition collateral.

The Debtor is directed to make monthly adequate protection payments
to Regions Bank in the amount of $10,000, beginning on December 5,
2016.  The Debtor was also directed to maintain all necessary
insurance for its business and assets, in accordance with the
obligations under the Regions Loan and as may be required under any
applicable operating guidelines of the U.S. Trustee, naming Regions
Bank as loss payee and additional insured with respect thereto.

A final hearing on the Debtor's Motion is scheduled on Feb. 9, 2017
at 9:30 a.m.

A full-text copy of the proposed Interim Order, dated Nov. 14,
2016, is available at
http://bankrupt.com/misc/S&SScrew2016_216bk06829_79.pdf

Regions Bank is represented by:

          Walter N. Winchester, Esq.
          WINCHESTER, SELLERS, FOSTER & STEELE, P.C.
          First Tennessee Plaza, Suite 1000
          800 South Gay Street
          Knoxville, TN 37929
          Telephone: (865) 637-1980
          E-mail: wwinchester@wsfs-law.com

               About S&S Screw Machine Company

S&S Screw Machine Company, LLC, doing business as S&S - Precision,
filed a chapter 11 petition (Bankr. M.D. Tenn. Case No. 16-06829)
on Sept. 24, 2016.  The petition was signed by Lawrence J. Battle,
authorized member.  The Debtor is represented by Phillip G. Young,
Jr., Esq., at Thompson Burton PLLC.  The case is assigned to Judge
Randal S. Mashburn.  The Debtor estimated assets and liabilities at
$1 million to $10 million at the time of the filing.

The Office of the U.S. Trustee appointed three creditors to serve
on the Official Committee of Unsecured Creditors: Kenny Wine, of
Joseph T. Ryerson & Son; Del Miller, of Kaiser Aluminum Fabricated
Products; and Stephen L. Cochran, of Production Pattern & Foundry
Co.


SERVE & EDUCATE: Wants to Use Rosier Joint Trust Cash Collateral
----------------------------------------------------------------
Serve & Educate, LLC, asks the U.S. Bankruptcy Court for the Middle
District of Florida for authorization to use cash collateral.

The Debtor wants to use lease proceeds securing its debt to Rosier
Joint Trust on the Debtor's home and ranch.

The Debtor relates that it has filed to convert to chapter 12 with
new counsel, and has proposed a plan providing for payment in full
of their mortgage to Rosier Joint Trust consistent with the
provisions of chapter 12.

The Debtor receives lease payments from Black Saddle Ranch, Inc.,
for the lease of horse stables.  The Debtor contends that Rosier
Joint Trust appears to have a lien on lease or rental income on the
Debtor's property.

The Debtor's proposed Budget provides for total monthly expenses in
the amount of $6,600.89.

The Debtor tells the Court that it has been filing monthly reports
showing income and expenses on the business.  The Debtor further
tells the Court that it will commence monthly adequate protection
payments on Dec. 1, 2016, in the amount of $4,120, based on the
proposed amortization of the full of amount of their claim in the
chapter 12 plan.

A full-text copy of the Debtor's Amended Motion, dated Nov. 14,
2016, is available at
http://bankrupt.com/misc/Serve&Educate2016_816bk05080krm_50.pdf

A full-text copy of the Debtor's proposed Budget, dated Nov. 14,
2016, is available at
http://bankrupt.com/misc/Serve&Educate2016_816bk05080krm_50_1.pdf

             About Serve & Educate, LLC

Serve & Educate, LLC, filed a chapter 11 plan (Bankr. M.D. Fla.
Case No. 16-05080) on June 14, 2016.  The petition was signed by
Skip Drish, managing member.  The Debtor is represented by Scott A.
Rosin, Esq., at Scott A. Rosin, P.A.  The Debtor estimated assets
and liabilities at $500,001 to $1 million at the time of the
filing.


SITEONE LANDSCAPE: Moody's Retains B1 CFR on Loan Repricing
-----------------------------------------------------------
Moody's Investors Service said that SiteOne Landscape Supply
Holding, LLC's proposed first lien term loan repricing transaction
is credit positive, but it does not impact the company's ratings,
including its B1 Corporate Family Rating (CFR), B2 rating on $275
million first lien term loan due 2022, or stable outlook.

SiteOne Landscape Supply Holding, LLC, headquartered in Roswell,
Georgia and formerly known as John Deere Landscapes, is a national
wholesale distributor of landscaping supplies in the U.S. and
Canada.  The company offers approximately 90,000 SKUs, including
irrigation supplies, landscape accessories, fertilized and nursery
products, hardscapes, and maintenance supplies through 471
branches.  Its customers include residential and commercial
landscape professionals.  The company is owned by Clayton Dubilier
& Rice and Deere & Company.  In the LTM period ending Sept. 30,
2016, SiteOne generated approximately $1.6 billion in revenues.



SMILES AND GIGGLES: U.S. Trustee Unable to Appoint Committee
------------------------------------------------------------
An official committee of unsecured creditors has not yet been
appointed in the Chapter 11 case of Smiles and Giggles Health
Plaza, LLC as of November 9, according to a court docket.

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.


SPECTACULARX INC: Seeks to Use Compass Bank Cash Collateral
-----------------------------------------------------------
SpectaculaRX, Inc., asks the U.S. Bankruptcy Court for the Western
District of Texas for authorization to use cash collateral.

The Debtor is indebted to Compass Bank in the amount of at least
$177,101 as of the Petition Date.  Compass Bank has first priority,
valid and perfected liens and security interests in substantially
all of the Debtor's assets, as well as security interests and liens
in all postpetition revenues related to the prepetition collateral,
and all their related proceeds and profits.

The Debtor requires the use of cash collateral to pay the expenses
associated with the operation of its Pearle Vision retail store
located at 8235 Angora Pkwy, Suite 123 in The Forum at Olympia
Parkway shopping center, as well as provide adequate protection
payments to Compass Bank.  The Debtor contends that if it cannot
use the cash collateral, it would be unable to maintain its real
property during the course of the bankruptcy case.

The Debtor proposes to make adequate protection payments to Compass
Bank equal to the contractual interest at the non-default rate
during the course of the case.  The Debtor further proposes to
grant Compass Bank with valid first-priority replacement and
additional liens and security interests in and upon all the
Debtor's assets, with priority over all other liens and security
interests, except for the ad valorem tax liens of Bexar County,
Texas.  The Debtor is also willing to grant Compass Bank with an
allowed super-priority administrative expense claim, with priority
in payment over any and all administrative expenses.

A full-text copy of the Debtor's Motion, dated Nov. 14, 2016, is
available at
http://bankrupt.com/misc/SpectaculaRXInc2016_1652383cag_13.pdf

                   About SpectaculaRX

SpectaculaRX, Inc., d/b/a Pearle Vision #8699, filed a chapter 11
petition (Bankr. W.D. Tex. Case No. 16-52383) on Oct. 19, 2016.  
The petition was signed by Virge Santiago, president.  The case is
assigned to Judge Craig A. Gargotta.  The Debtor disclosed total
assets at $134,284 and total liabilities at $223,475, as of Sept.
30, 2016.  The Debtor is represented by Thomas Rice, Esq., at
Pulman, Cappuccio, Pullen, Benson & Jones, LLP.


STERNSCHNUPPE LLC: Court Allows Use of IRS Cash Collateral
----------------------------------------------------------
Judge Mike K. Nakagawa of the U.S. Bankruptcy Court for the
District of Nevada authorized Sternschnuppe LLC to use cash
collateral, pursuant to the Stipulation for Use of Cash Collateral
and for Adequate Protection between the Debtor and the Internal
Revenue Service.

The Debtor is authorized to use cash collateral despite the Limited
Objection filed by the State of Nevada, on Relation of its
Department of Taxation, also known as the NV Department.

The hearing on the Limited Objection of the NV Department is
continued to Nov. 30, 2016 at 9:30 a.m.

A full-text copy of the Order, dated Nov. 14, 2016, is available at

http://bankrupt.com/misc/SternschnuppeLLC2016_1611242mkn_138.pdf

                   About Sternschnuppe

Sternschnuppe LLC filed a chapter 11 petition (Bankr. D. Nev. Case
No. 16-11242) on March 10, 2016.  The petition was signed by
Kimberly Michaelis, managing member.  The case is assigned to Judge
Mike K. Nakagawa.  The Debtor estimated assets and liabilities at
$1 million to $10 million at the time of the filing.  The Debtor is
represented by Nedda Ghandi, Esq., at Ghandi Deeter Law Offices.


STEVEN ANCONA: DOJ Watchdog Names M. O'Toole as Ch. 11 Trustee
--------------------------------------------------------------
William K. Harrington, the United States Trustee for Region 2, asks
the U.S. Bankruptcy Court for the Southern District of New York to
enter an order approving his appointment of Marianne T. O'Toole as
the Chapter 11 Trustee for Steven J. Ancona.

Marianne T. O'Toole assured the Court that she 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.

Marianne T. O'Toole can be reached at:

         Marianne T. O'Toole
         MARIANNE T. O'TOOLE, LLC
         22 Valley Road
         Katonah, NY 10536
         Tel.: (914) 232-1511

The bankruptcy case In re: Steven J. Ancona, Chapter 11, Debtor,
Case No. 14-10532-(MKV), (Bankr. S.D.N.Y.).


STONE ENERGY: S&P Lowers CCR to 'D' on Missed Interest Payment
--------------------------------------------------------------
S&P Global Ratings lowered its corporate credit rating on
U.S.-based oil and gas exploration and production company Stone
Energy Corp. to 'D' from 'CC'.

At the same time, S&P lowered its issue-level rating on the
company's senior unsecured debt to 'D' from 'CC'.  The recovery
rating is '3', indicating S&P's expectation of meaningful (low end
of the 50% to 70% range) recovery in the event of a payment
default.

"The 'D' rating reflects our expectation that Stone Energy will
elect to file for Chapter 11 bankruptcy protection rather than make
the November interest payment on its 7.5% senior unsecured notes
due 2022," said S&P Global Ratings credit analyst David Lagasse.

The company had previously announced Oct. 21, 2016, that it entered
into a restructuring support agreement with certain holders of its
unsecured notes and that the company expects to file for voluntary
relief under Chapter 11 on or before Dec. 9, 2016.  S&P expects
Stone's onerous debt maturities and financing costs through 2017,
combined with continued weak crude oil and natural gas prices, will
result in Stone reorganizing under Chapter 11 protection as a means
to restructure its heavy debt and interest expense obligations.


SUNEDISON INC: In Settlement Talks With Terraform
-------------------------------------------------
On Nov. 8, 2016, in a filing with the Securities and Exchange
Commission, Terraform Power, Inc. ("TERP") disclosed in a
presentation attached to the filing (the "Presentation") that it
had circulated a draft settlement agreement to SunEdison, Inc.
("SunEdison") to propose a resolution of its outstanding claims
against SunEdison.

Since September 2016, TERP and SunEdison have been engaged in a
collaborative process to explore strategic alternatives for TERP
(as well as Terraform Global, Inc.) including a merger, sale,
sponsorship or other transaction and that process continues.
SunEdison is committed to continue to work in good faith with TERP
as both entities explore strategic alternatives and will continue
to do so during the pendency of any settlement negotiations.

In furtherance of these settlement negotiations, SunEdison is
currently in the process of reviewing and analyzing all pertinent
information, including information it has requested from TERP as
well as TERP's settlement proposal outlined in the Presentation.
However, to enhance transparency around the settlement process,
SunEdison would like to provide its views on TERP's settlement
proposal, which have been conveyed to TERP previously and that the
parties continue to negotiate.  In particular, SunEdison believes
that:

   -- The Presentation does not adequately account for SunEdison's
defenses to TERP's claims against SunEdison;

   -- The Presentation does not account at all for the substantial
affirmative claims held by SunEdison against TERP (including,
without limitation, the value of any of the claims outlined in the
recent motion filed by the Official Creditors' Committee); and

   -- The premise set forth in the Presentation that SunEdison's
interests in TERP be treated "ratably" with TERP's other equity
interests does not adequately account for SunEdison's contractual
rights and interests and this issue will be addressed in the
settlement negotiations.

Overall, SunEdison is focused on maximizing the value of the estate
for its creditors, and will continue to do everything it can in
furtherance of that objective.  SunEdison is also pleased that TERP
recognizes the benefits of a consensus between TERP and SunEdison
as it explores strategic alternatives.

                       About SunEdison, Inc.

SunEdison, Inc. (OTC PINK: SUNEQ), is a developer and seller of
photovoltaic energy solutions, an owner and operator of clean power
generation assets, and a global leader in the development,
manufacture and sale of silicon wafers to the semiconductor
industry.

On April 21, 2016, SunEdison, Inc., and 25 of its affiliates each
filed a Chapter 11 bankruptcy petition (Bankr. S.D.N.Y. Case Nos.
16-10991 to 16-11017).  Martin H. Truong, the senior vice
president, general counsel and secretary, signed the petitions.

The Debtors disclosed total assets of $20.7 billion and total debt
of $16.1 billion as of Sept. 30, 2015.

The Debtors have hired Skadden, Arps, Slate, Meagher & Flom LLP as
counsel, Togut, Segal & Segal LLP as conflicts counsel, Rothschild
Inc. as investment banker and financial advisor, McKinsey Recovery
& Transformation Services U.S., LLC, as restructuring advisors and
Prime Clerk LLC as claims and noticing agent.  The Debtors employed
PricewaterhouseCoopers LLP as financial advisors; and  KPMG LLP as
their auditor and tax consultant.

SunEdison also has tapped Eversheds LLP as its special counsel for
Great Britain and the Middle East.  Cohen & Gresser LLP has also
been retained as special counsel.

The Debtors retained Ernst &Young LLP to provide tax-related
services.  Keen-Summit Capital Partners LLC has been hired as real
estate advisor.  Binswanger of Texas, Inc., also has been retained
as real estate agent.

Sullivan & Cromwell LLP serves as counsel to TerraForm Power, Inc.,
and TerraForm Global, Inc.

An official committee of unsecured creditors has been appointed in
the case.  The Committee tapped Weil, Gotshal & Manges LLP as its
general bankruptcy counsel and Morrison & Foerster LLP as special
counsel.  Togut, Segal & Segal LLP and Kobre & Kim LLP serve as
conflicts counsel.  Alvarez & Marsal North America, LLC, serves as
the Committee's financial advisors.

Counsel to the administrative agent under the Debtors' prepetition
first lien credit agreement are Richard Levy, Esq., and Brad
Kotler, Esq., at Latham & Watkins.

Counsel to the administrative agent under the postpetition DIP
financing facility are Scott Greissman, Esq., and Elizabeth Feld,
Esq. at White & Case LLP.

Counsel to the Tranche B Lenders (as defined in the DIP credit
agreement) and the steering committee of the second lien creditors
are Arik Preis, Esq., and Naomi Moss, Esq., at Akin Gump Strauss
Hauer & Field, LLP.

Counsel to the administrative agent under the Debtors' prepetition
second lien credit agreement is Daniel S. Brown, Esq., at Pillsbury
Winthrop Shaw Pittman LLP.

The collateral trustee under the Debtors' prepetition second lien
credit agreement and the indenture trustee under each of the
Debtors' outstanding bond issuances, is represented by Marie C.
Pollio, Esq., at Shipman & Goodwin LLP.

Counsel to the ad hoc group of certain holders of the Debtors'
convertible senior notes is White & Case LLP's Tom Lauria, Esq.


SYNIVERSE TECHNOLOGIES: $700MM Bank Debt Trades at 11% Off
----------------------------------------------------------
Participations in a syndicated loan under Syniverse Technologies is
a borrower traded in the secondary market at 88.60
cents-on-the-dollar during the week ended Friday, November 11,
2016, according to data compiled by LSTA/Thomson Reuters MTM
Pricing.  This represents a decrease of 3.15 percentage points from
the previous week.  Syniverse Technologies pays 300 basis points
above LIBOR to borrow under the $700 million facility. The bank
loan matures on April 20, 2019 and Moody's did not give any rating
and Standard & Poor's did not give any rating.  The loan is one of
the biggest gainers and losers among 247 widely quoted syndicated
loans with five or more bids in secondary trading for the week
ended November 11.


SYNIVERSE TECHNOLOGIES: $911MM Bank Debt Trades at 11% Off
----------------------------------------------------------
Participations in a syndicated loan under Syniverse Technologies is
a borrower traded in the secondary market at 88.60
cents-on-the-dollar during the week ended Friday, November 11,
2016, according to data compiled by LSTA/Thomson Reuters MTM
Pricing.  This represents a decrease of 3.15 percentage points from
the previous week.  Syniverse Technologies pays 300 basis points
above LIBOR to borrow under the $911 million facility. The bank
loan matures on April 23, 2019 and Moody's did not give any rating
and Standard & Poor's did not give any rating.  The loan is one of
the biggest gainers and losers among 247 widely quoted syndicated
loans with five or more bids in secondary trading for the week
ended November 11.


TCC GENERAL: Allowed to Use Cash Collateral Through Feb. 17
-----------------------------------------------------------
Judge Sheri Bluebond of the U.S. Bankruptcy Court for the Central
District of California authorized TCC General Contracting, Inc., to
use cash collateral on an interim basis, from Nov. 4, 2016 to Feb.
17, 2017.

The Debtor identified Windset Capital, IOU Financial and Knight
Capital as the secured creditors which assert interests in the cash
collateral.

The Secured Creditors were granted replacement liens in all
postpetition assets of the Debtor, other than avoidance power
actions and recoveries.

A full-text copy of the Order, dated Nov. 14, 2016, is available at

http://bankrupt.com/misc/TCCGeneral2016_216bk18301bb_98.pdf

               About TCC General Contracting

TCC General Contracting, Inc., operates a water and fire
restoration company in Lancaster, California.  It employs 30
employees and, based on gross revenues year to date, would realize
gross revenues of perhaps $3.3 million.  It filed for Chapter 11
bankruptcy protection (Bankr. C.D. Cal. Case No. 16-18301) on June
22, 2016.  The bankruptcy petition was signed by Thomas C. Conroy
IV, president.

The Debtor is represented by Steven R. Fox, at the Law Offices of
Steven R. Fox.   The case is assigned to Judge Sheri Bluebond.

The Debtor estimated assets and debt at $500,000 to $1,000,000.


TEREX CORP: Moody's Affirms B1 CFR; Outlook Negative
----------------------------------------------------
Moody's Investors Service changed Terex Corporation's ratings
outlook to negative from stable.  Concurrently, Moody's affirmed
the B1 Corporate Family Rating, B1-PD Probability of Default Rating
(PDR), and SGL-2 liquidity rating.

The change in the rating outlook to negative reflects the
significant weakness in the company's end markets, particularly its
crane business where margins have contracted to the low single
digits.  Although the aerial work platform (AWP) business continues
to be the main driver of profitability, it too has recently
exhibited a significant decline in revenue and profitability.

These ratings were affirmed:

Issuer: Terex Corporation:
  Corporate Family Rating, B1;
  Probability of Default, B1-PD;
  Senior Secured Bank Credit Facilities, Ba1 (LGD2);
  Senior Unsecured notes, B2 (LGD4);
  Speculative Grade Liquidity Rating, SGL-2.

Issuer: Terex International Financial Services Co.:

  Senior Secured Term Loan, Ba1 (LGD2).

Issuer(s): Terex International Financial Services Co. and Terex
Corporation:

The ratings outlook is negative.

                         RATINGS RATIONALE

The affirmation of Terex's B1 CFR considers the company's
significant size, established market position, diverse product mix,
and international reach.  The affirmation weighs heavily its good
liquidity position that is to benefit from approximately $820
million in gross cash proceeds from the sale of its Material
Handling & Port Solutions (MHPS) business to Konecranes plc., that
is scheduled to close in the first quarter of 2017.  The agreed
upon sale of the MHPS business will also provide incremental
earnings as the deal includes a 25% ownership in Konecranes.  The
rating also benefits from the expectation that almost all of the
proceeds will be used to pay-off debt, thereby reducing leverage to
a level consistent with the B1 CFR.  Moody's notes that the outlook
for its business may improve if it sees an increase in
infrastructure spending which should benefit crane sales. Moreover,
its aerial works platform businesses should improve no later than
2018.

Terex's leverage is currently high at approximately 6x.  However,
Moody's anticipates that the company will prioritize reducing debt
to levels that are more supportive of the B1 rating during the near
term.  Consequently, Moody's expects that a significant portion of
the MHPS cash proceeds will be used to repay debt so that pro forma
leverage should decline to below 4 times.

The company's SGL-2 liquidity rating reflects Moody's belief that
Terex will maintain a good liquidity position so as to better
manage through the current weak demand environment for its
products.  The rating considers the additional proceeds to be
received from the sale of MHPS in early 2017 in addition to the
company's $600 million revolving credit facility which is expected
to be mostly available over the next twelve months or until such
time as working capital needs increase due to improved sales.
Terex's good cash balances, manageable debt maturities, and ability
to sell assets to raise alternate liquidity also support the
company's good liquidity profile.

The ratings could come under pressure or the ratings could be
downgraded if the company's free cash flow turned negative, or if
credit metrics weaken further such that Debt to EBITDA is
anticipated to rise and be sustained at or above 4.5 times post the
receipt of proceeds from the MHPS sale.  Contracting sales, or
continued weakness in its access equipment business, a shrinking
backlog, and/or weakening margins could also create downwards
rating pressure.

EBITDA to interest sustained under 2.5 times, could result in a
ratings downgrade if deemed to be weakening further.  A weakening
of its currently good liquidity would likely result in a ratings
downgrade given that its business fundamentals are weak at most of
its operating units.  Failure to close the MHPS business sale or
use the vast majority of proceeds to reduce debt would likely
result in a ratings downgrade.

The ratings or outlook are unlikely to be upgraded given the
company's low margins, high reliance on its access equipment
business to support consolidated profitability and the belief that
the access business will grow more slowly over the next year.
Nevertheless, metrics that would support positive ratings traction
include leverage sustained below 3.5 times and EBITDA to interest
sustained above 3.5 times while improving diversification and
profitability of its businesses.  Stable margins in its AWP
business (its best performing unit) would be an important factor in
positive ratings traction.  It is also important that the company
make progress turning around its underperforming businesses.  As
Terex will own 25 % of Konecranes after the sale of the MHPS
business, strength in Konecranes performance could be beneficial to
Terex earnings and cash flows.  The sale of its position in
Konecranes without a constructive use of proceeds could be viewed
as a ratings negative.

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

Terex Corporation is a global manufacturer of lifting and material
processing products and services.  The company reports in three
business segments: Aerial Work Platforms, Cranes, and Materials
Processing.  Terex delivers lifecycle solutions to a broad range of
industries, including the construction, infrastructure,
manufacturing, shipping, transportation, refining, energy, utility,
quarrying and mining industries.  Terex offers financial products
and services to assist in the acquisition of Terex equipment
through Terex Financial Services.  Pro forma for the sale of MHPS,
Terex's revenues for the last twelve month period through Sept. 30,
2016 approximated $4.6 billion.


TEREX CORP: S&P Revises Outlook to Neg. & Affirms 'BB' CCR
----------------------------------------------------------
S&P Global Ratings said that it has revised its outlook on Terex
Corp. to negative from stable and affirmed its 'BB' corporate
credit rating on the company.

S&P's issue-level and recovery ratings on the company's senior
secured credit facilities and senior unsecured notes remain
unchanged.

"The outlook revision reflects our belief that the company may be
unable to reduce its leverage from currently elevated levels as
quickly as anticipated because of the continued weak global demand
for cranes and aerial work platforms," said S&P Global credit
analyst Tyrell Peebles.  Pro forma for the expected debt repayment
following the company's sale of its MHPS business in early 2017,
S&P anticipates that Terex's leverage will be in the low-4x.  S&P
expects the company to use most of the $770 million in net proceeds
from the MHPS sale to repay a significant portion of its
outstanding senior unsecured notes.  S&P's analysis assumes that
the company will take a measured approach to share repurchases over
the next 12 months and that management will prioritize further debt
reduction and operational improvements over acquisitions and
shareholder returns, which should allow Terex to reduce its
leverage to the mid-3x area by the end of 2017.

The negative outlook on Terex reflects S&P's view that the weak
global demand for cranes and aerial work platforms could cause the
company's leverage to deteriorate meaningfully from S&P's
expectations over the next 12-18 months.  The negative outlook also
incorporates the potential that the company's operating performance
may deteriorate further or that management may use its cash flow
for shareholder returns, which could limit Terex's ability to
reduce its leverage from currently elevated levels.

S&P could lower its ratings on Terex if S&P anticipates that the
company will experience a more severe business downturn or
undertake meaningful acquisitions or shareholder returns that lead
its debt-to-EBITDA metric to remain above 4x on a sustained basis
without prospects for near-term improvement.  In addition, if the
company does not close the sale of its MHPS business or if it
primarily uses the proceeds from its asset sale for shareholder
returns instead of debt repayment, we could lower the rating.

S&P would consider revising our outlook on Terex to stable if S&P
expects that the global demand for cranes and aerial work platforms
will stabilize and S&P come to believe that the company will reduce
and maintain its leverage below 3.5x on a sustained basis.



VASSALLO INTERNATIONAL: Case Summary & 20 Top Unsecured Creditors
-----------------------------------------------------------------
Debtor: Vassallo International Group Inc.
        100 Carr 506 Coto Laurel
        Ponce, PR 00780-2935

Case No.: 16-09093

Chapter 11 Petition Date: November 16, 2016

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

Debtor's Counsel: Charles Alfred Cuprill-Hernandez, Esq.
                  CHARLES A CUPRILL, PSC LAW OFFICES
                  356 Calle Fortaleza, Second Floor
                  San Juan, PR 00901
                  Tel: 787 977-0515
                  E-mail: cacuprill@cuprill.com

Total Assets: $0

Total Liabilities: $8.41 million

The petition was signed by Rafael V. Vassallo Collazo, president.

A copy of the Debtor's list of 20 largest unsecured creditors is
available for free at http://bankrupt.com/misc/prb16-09093.pdf


VERMILLION INC: Incurs $3.47 Million Net Loss in Third Quarter
--------------------------------------------------------------
Vermillion, Inc. filed with the Securities and Exchange Commission
its quarterly report on Form 10-Q disclosing a net loss of $3.47
million on $623,000 of total revenue for the three months ended
Sept. 30, 2016, compared to a net loss of $5.14 million on $330,000
of total revenue for the same period a year ago.

For the nine months ended Sept. 30, 2016, the Company reported a
net loss of $12.12 million on $1.83 million of total revenue
compared to a net loss of $14.13 million on $1.81 million of total
revenue for the nine months ended Sept. 30, 2015.

As of Sept. 30, 2016, Vermillion had $10.68 million in total
assets, $4.39 million in total liabilities and $6.29 million in
total stockholders' equity.

Valerie Palmieri, president and CEO of Vermillion, Inc., stated,
"We continued to execute on our short-term and long-term goals,
including reimbursement, publications, and awareness, as well as
our ASPiRA pelvic mass specimen and data repository.  We believe
this foundation will allow us to provide solutions for women
affected by a pelvic mass.  Pelvic mass conditions impact 20
million women in the US and are a significant burden to the
healthcare system and the patient lives they impact."

As of Sept. 30, 2016, cash and equivalents totaled $8.1 million.
The Company utilized $3.0 million in cash in the third quarter of
2016 and expects net cash utilization to be less than $3.0 million
in the fourth quarter of 2016.

                 Liquidity and Capital Resources

"We plan to continue to expend resources selling and marketing OVA1
and Overa, operating our IVD trial services business and developing
additional diagnostic tests and service capabilities.  

"We have incurred significant net losses and negative cash flows
from operations since inception.  At September 30, 2016, we had an
accumulated deficit of $382,710,000 and stockholders' equity of
$6,290,000.  As of September 30,  2016, we had $8,080,000 of cash
and cash equivalents and $2,641,000 of current liabilities. Working
capital was $5,948,000 and $16,015,000 at September 30, 2016 and
December 31, 2015, respectively.

"On March 22, 2016, we entered into an agreement pursuant to which
we may borrow up to $4,000,000 from the DECD.  We received an
initial disbursement of $2,000,000 on April 15, 2016 under this
agreement.  The remaining $2,000,000 will be disbursed if and when
we achieve certain future milestones.

"We expect to incur a net loss and negative cash flows from
operations in the remainder of 2016 and the foreseeable future. Our
management believes that successful achievement of our business
objectives will require additional financing.  Given these
conditions, there is substantial doubt about our ability to
continue as a going concern.  The condensed consolidated financial
statements have been prepared on a going concern basis and do not
include any adjustments that might result from these uncertainties.


"We expect to raise capital through a variety of sources, which may
include the public equity market, private equity financing,
collaborative arrangements, licensing arrangements, and/or public
or private debt.  However, additional funding may not be available
when needed or on terms acceptable to us.  If we are unable to
obtain additional capital, we may not be able to continue sales and
marketing, research and development, or other operations on the
scope or scale of current activity and that could have a material
adverse effect on our business, results of operations and financial
condition.

"Net cash used in operating activities was $11,199,000 for the nine
months ended September 30, 2016 resulting primarily from the net
loss reported of $12,122,000 and changes in accounts payable,
accrued and other liabilities of $769,000 partially offset by stock
compensation expense of $861,000, depreciation and amortization of
$523,000 and prepaid expenses of $354,000.

"Net cash used in operating activities was $13,780,000 for the nine
months ended September 30, 2015 resulting primarily from the net
loss reported of $14,132,000 and non-cash license revenue of
$316,000, partially offset by stock compensation expense of
$908,000.

"Net cash used in investing activities was $1,240,000 and $222,000
for the nine months ended September 30, 2016 and 2015,
respectively.  The costs in 2016 resulted from purchases of
property and equipment for the ASPiRA IVD laboratory and also
included a $125,000 down payment on the Roche cobas 6000 analyzer
used at ASPiRA LABS.

"Net cash provided by financing activities was $1,877,000 for the
nine months ended September 30, 2016, which consisted primarily of
proceeds from the DECD loan."

A full-text copy of the Form 10-Q is available for free at:

                     https://is.gd/kK4mDs

                       About Vermillion

Vermillion, Inc., is dedicated to the discovery, development and
commercialization of novel high-value diagnostic tests that help
physicians diagnose, treat and improve outcomes for patients.
Vermillion, along with its prestigious scientific collaborators,
has diagnostic programs in oncology, hematology, cardiology and
women's health.

The Company filed for Chapter 11 bankruptcy protection (Bankr. D.
Del. Case No. 09-11091) on March 30, 2009.  Vermillion's legal
advisor in connection with its successful reorganization efforts
wass Paul, Hastings, Janofsky & Walker LLP.  Vermillion emerged
from bankruptcy in January 2010.  The Plan called for the Company
to pay all claims in full and equity holders to retain control of
the Company.

Vermillion reported a net loss of $19.1 million on $2.17 million of
total revenue for the year ended Dec. 31, 2015, compared to a net
loss of $19.2 million on $2.52 million of total revenue for the
year ended Dec. 31, 2014.


VKI VENTURES: Court Extends Plan Filing Period to Jan. 30
---------------------------------------------------------
Judge Paul G. Hyman, Jr. of the U.S. Bankruptcy Court for the
Southern District of Florida extended VKI Ventures, LLC's exclusive
periods to file a plan and disclosure statement and to solicit
acceptances to its plan, to January 30, 2017 and March 31, 2017,
respectively.

The Debtors previously sought the extension of their exclusive
periods contending that they were in negotiations with the secured
creditor, and that said negotiations would have a material effect
on the creditors' plan treatment.  The Debtors further contended
that they required additional time to file a plan.

                        About VKI Ventures LLC

VKI Ventures, LLC filed a Chapter 11 petition (Bankr. S.D. Fla.
Case No. 16-14898), on April 5, 2016.  The petition was signed by
Sriram Srinivasan, managing member.  The Debtor is represented by
Aaron A Wernick, Esq., at Furr & Cohen. The case is assigned to
Judge Paul G. Hyman, Jr.  The Debtor disclosed total assets at
$484,757 and total liabilities at $1.32 million.  The Debtor listed
Deutsche Bank National Trust Company as its largest unsecured
creditor holding a claim of $417,364.



WALTER H. BOOTH: Case Summary & 7 Unsecured Creditors
-----------------------------------------------------
Debtor: Walter H. Booth Clause 4 Trust
        P.O. Box 1077
        Concord, NH 03302-1077

Case No.: 16-11598

Nature of Business: Business Trust

Chapter 11 Petition Date: November 16, 2016

Court: United States Bankruptcy Court
       District of New Hampshire (Manchester)

Debtor's Counsel: Eleanor Wm Dahar, Esq.
                  VICTOR W. DAHAR PROFESSIONAL ASSOCIATION
                  20 Merrimack Street
                  Manchester, NH 03101
                  Tel: (603) 622-6595
                  E-mail: edahar@att.net
                          vdaharpa@att.net

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Stephen W. Booth, trustee.

A copy of the Debtor's list of seven unsecured creditors is
available for free at http://bankrupt.com/misc/nhb16-11598.pdf


WATCO COS: S&P Lowers Rating on Sr. Unsecured Notes to 'B-'
-----------------------------------------------------------
S&P Global Ratings lowered its issue-level rating on Watco Cos.
LLC's senior unsecured notes to 'B-' from 'B' and revised its
recovery rating on the notes to '5' from '4'.  The '5' recovery
rating indicates S&P's expectation for modest (10%-30%; lower half
of the range) recovery of principal in the event of a payment
default.

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

S&P lowered its issue-level rating on Watco's senior unsecured
notes and revised our recovery rating to reflect the increase in
the company's amount of secured debt following the refinancing of
the seller's note on its Greensport property.  The new loan is
secured by the property and guaranteed by Watco.

                        RECOVERY ANALYSIS

Key analytical factors

   -- The '5' recovery rating on the senior unsecured notes
      reflects S&P's expectation for modest recovery (10%-30%;
      lower half of the range) in the event of a payment default.

   -- S&P valued the company on a going concern basis using a 6.5x

      multiple of S&P's projected emergence EBITDA.

Simulated default assumptions

   -- Simulated year of default: 2019
   -- EBITDA at emergence: $140 million
   -- EBITDA multiple: 6.5x

Simplified waterfall

   -- Net enterprise value (after 5% administrative costs):
      $865 million
   -- Valuation split (obligors/nonobligors): 95%/5%
   -- Priority claims: $4 million
   -- Collateral value available to secured creditors:
      $845 million
   -- Secured first-lien debt: $797 million
      -- Recovery expectations: Not applicable
   -- Total value available to unsecured claims: $63 million
   -- Senior unsecured debt and pari passu claims: $452 million
      -- Recovery expectations: 10%-30% (lower half of the range)

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

RATINGS LIST

Watco Cos. LLC
Corporate Credit Rating                B/Negative/--

Issue-Level Rating Lowered; Recovery Rating Revised
                                        To                 From
Watco Cos. LLC
Senior Unsecured                       B-                 B
  Recovery Rating                       5L                 4L


WEATHERFORD INT'L: Moody's Rates New $500MM Sr. Unsec. Notes Caa1
-----------------------------------------------------------------
Moody's Investors Service assigned a Caa1 rating to Weatherford
International Ltd.'s (Weatherford or Weatherford Bermuda,
incorporated in Bermuda) proposed $500 million senior unsecured
notes.  The rating outlook remains negative.

The proceeds from the proposed notes offering will be used to repay
debt outstanding under its revolving credit facility.

"Weatherford's proposed bond issuance will modestly improve the
company's liquidity profile, with increased availability under its
revolving credit facility and more covenant compliance headroom,"
commented Gretchen French, Moody's Vice President.  "However, the
company's elevated debt levels remain unchanged."

Issuer: Weatherford International Ltd. (Bermuda)

Ratings Assigned:

  $500 million Senior Unsecured Notes, Rated Caa1 (LGD4)

Weatherford's current ratings are:
Weatherford International Ltd. (Bermuda)

  Corporate Family Rating, B3
  Probability of Default Rating, B3-PD
  Backed Senior Unsecured Notes, Caa1 (LGD 4)
  Backed Senior Unsecured Shelf Rating, (P)Caa1
  Backed Subordinate Shelf Rating, (P)Caa2
  Backed Preferred Shelf Rating, (P)Caa2
  Preference Shelf Rating, (P)Caa2
  Backed Commercial Paper Rating of Not Prime
  Speculative Grade Liquidity of SGL-3
Rating outlook, Negative

Weatherford International, LLC. (Delaware)

  Backed Senior Unsecured Notes, Caa1 (LGD 4)
  Backed Senior Unsecured Shelf Rating, (P)Caa1
Rating outlook, Negative

                        RATINGS RATIONALE

The Caa1 ratings on Weatherford's proposed notes are rated in-line
with the existing Caa1 unsecured debt ratings of both Weatherford
Bermuda and Weatherford Delaware.  The proposed notes benefit from
guarantees from both Weatherford Delaware and Weatherford's
ultimate parent company, Weatherford International plc,
incorporated in Ireland.  However, the proposed notes, along with
the existing unsecured debt of both Weatherford Bermuda and
Weatherford Delaware, do not benefit from upstream guarantees from
Weatherford's operating subsidiaries, where nearly all of the
consolidated company's assets, leases, and non-debt liabilities
reside.  The unsecured notes are rated one-notch below
Weatherford's B3 Corporate Family Rating (CFR), reflecting the
contractual and structural subordination of the unsecured notes to
the company's credit facility.  Weatherford's credit facility
benefits from upstream guarantees from a material portion of its
operating and holding company subsidiaries and the facility
includes a $488 million term loan that has a first lien security on
substantially all of Weatherford's assets.

Weatherford's B3 CFR reflects the company's negative cash flow
generation during the oilfield service downturn as compared to its
oilfield services peers and high debt balances.  While Moody's
expects Weatherford will benefit from a modest recovery in activity
levels and cash flow into 2017, Moody's believes the company's cash
flow generation will be moderate and leverage metrics will remain
high.  Weatherford's B3 CFR is supported by: its scale and strong
market positions in several product lines; its geographic
diversification, with a substantial portion of its revenue coming
from markets outside the more volatile North American market; and
its numerous patented products and technologies, which give the
company a competitive edge in several markets.  The rating also
considers the actions Weatherford has taken in response to the
downturn, including cost reduction efforts, raising equity,
managing its debt maturity profile, and focusing on a goal of free
cash flow generation and debt reduction.

Weatherford's SGL-3 rating reflects its adequate liquidity profile
through 2017, with the expectation of modest free cash flow,
sufficient covenant compliance cushion, and a high reliance on
external financing.  With the proposed bond issuance, Weatherford's
availably under its revolver and covenant compliance cushion have
improved moderately through 2017, including factoring upcoming
covenant step-downs.

Weatherford has a bank credit facility that includes a
$1.15 billion revolver maturing in July 2019 and $488 million
secured term loan maturing in July 2020.  Weatherford also has a
residual revolver of $229 million, maturing in July 2017.  The
credit facility has a 5% commitment reduction starting in
July 2017, and 10% annually thereafter, but will not reduce below
$1 billion.  As of Sept. 30, 2016, Weatherford had $330 million in
cash drawings outstanding under its credit facility and $61 million
in letters of credit.  The company is currently in compliance with
its financial covenants under its bank credit facility.

The rating outlook remains negative, reflecting the risk that cash
flow generation could be challenged into 2017, resulting in
continued elevated financial leverage.

Weatherford's ratings could be downgraded should liquidity weaken
or if cash flow levels remain negative.

The ratings could be upgraded if Weatherford is able to generate
positive cash flow from operations that support a retained cash
flow/debt ratio above 5%.

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

Weatherford International Ltd. and Weatherford International, LLC
are wholly-owned subsidiaries of Weatherford International plc,
which is headquartered in Switzerland and is a diversified
international energy service and manufacturing company that
provides a variety of services and equipment to the oil and gas
industry.


ZIP'S WISEGUYS: Wants Court Approval for Cash Collateral Use
------------------------------------------------------------
Zip's Wiseguys Inc. asks the U.S. Bankruptcy Court for the Western
District of New York for authorization to use cash collateral.

As of the Petition Date, the Debtor was indebted to these creditors
holding secured claims:

     (a) Department of the Treasury, Internal Revenue Service, in
the aggregate amount of approximately $32,000;

     (b) New York State Department of Taxation and Finance, in the
aggregate amount of approximately $23,000; and

     (c) New York State Department of Labor, Unemployment Insurance
Division, in the aggregate amount of approximately $3,500.

The Debtor's proposed Budget covers the period from Nov. 15, 2016
through March 7, 2017.  The Budget provides for total expenses in
the amount of $4,679 for the period Nov. 15, 2016 to Nov. 21, 2016;
$8,399 for the period Nov. 22, 2016 to Dec. 5, 2016; and $63,945
for the period Dec. 6, 2016 to March 7, 2017.

All three Creditors hold a lien against the Debtor's cash
collateral.  The Debtor contends that the cash collateral is not
subject to any other claims or liens.

The Debtor proposes to provide monthly adequate protection payments
to the Creditors, commencing no later than De. 15, 2016, as
follows:

     (a) $625 to the IRS;
     (b) $625 to the NYS Tax Department; and
     (c) $70 to the NYS DOL.

A full-text copy of the Debtor's Motion, dated Nov. 14, 2016, is
available at
http://bankrupt.com/misc/ZipsWiseguys2016_11612294clb_4.pdf

A full-text copy of the Debtor's proposed Budget, dated Nov. 14,
2016, is available at
http://bankrupt.com/misc/ZipsWiseguys2016_11612294clb_4_2.pdf

                       About Zip's Wiseguys

Zip's Wiseguys, Inc., filed a chapter 11 petition (Bankr. W.D.N.Y.
Case No. 1-16-12294-CLB) on Nov. 14, 2016.  The Debtor is
represented by Scott J. Bogucki, Esq. and Arthur G. Baumeister,
Jr., Esq. at Amigone, Sanchez & Mattrey, LLP.

Zip’s is a New York corporation formed on or about October 28,
2014, which has operated since that time, and continues to operate,
as a pizzeria and fast food restaurant, providing dine-in, takeout,
and delivery food service. Zip’s has three locations: (a) 1341
Hertel Avenue, Buffalo, New York 14216; (b) 1161 Sheridan Drive,
Tonawanda, New York 14150; and (c) 1127 Tonawanda Street, Buffalo,
New York, 14207.

Paula Turton holds a 100% shareholder interest in Zip's and is its
sole director.  Daniel DiRosa is the Vice President of Zip's, and
is the individual authorized and directed to be the signatory on
behalf of the Debtor and has been designated as the responsible
person in the Chapter 11 proceedings.


[*] EisnerAmper Ranks 2nd in Top Crisis Management Firms Category
-----------------------------------------------------------------
EisnerAmper LLP on Nov. 17, 2016, disclosed that it has been ranked
as a leading firm in The Deal's Q3 2016 league table rankings for
crisis management firms and professionals.  EisnerAmper ranked
second in the "Top Crisis Management Firms" category for number of
cases.  In addition, the firm's consultants held ten positions in
the top twenty rankings for "Top Crisis Management Professionals,"
including the top spot.

The Deal's Bankruptcy League Tables are the industry's only
rankings resource focused solely on active U.S. bankruptcy cases.
The rankings involve cases of debtors with liabilities of $10
million or more, with the rankings based on the aggregation of
those liability values.  EisnerAmper has been ranked as a leading
Crisis Management Firm in The Deal's expanded tables for several
years.

Charly Weinstein, EisnerAmper's CEO, added that "Our team's depth
of experience and capabilities in the crisis management arena
allows us to help companies manage the unexpected and move forward.
This facet of our practice is an important client resource in an
unpredictable world, and we expect it to continue to develop and
grow."

"EisnerAmper's practice continues to expand thanks to the work of
our growing roster of talented professionals," said Bankruptcy and
Restructuring Group Partner-in-Charge Allen Wilen.  "We're proud to
place at the top of the ranking, which reflects the hard work of
our team."


[*] JND Corporate Restructuring Completes Complex Restructurings
----------------------------------------------------------------
JND Corporate Restructuring, a subsidiary of JND Legal
Administration that provides technology-driven claims and noticing
services to companies undergoing corporate bankruptcy, announced
the completion of several major, complex restructurings that
resulted in cost and time savings for its clients, including law
firm Morris Schneider Wittstadt, Va. PLLC, enterprise security
software provider Wave Systems Corp., and multi-family housing
investor Variant Holding Corp.

"We work closely with our clients to provide the most powerful and
effective solutions to take them through bankruptcy in the most
efficient, accurate and affordable way possible," said Travis
Vandell, CEO of JND Corporate Restructuring.  "The results our
clients have experienced are a testament to our innovative
bankruptcy solutions and our tireless, stalwart client service."

JND Corporate Restructuring's innovative proprietary technology
platform affords clients dramatic time and cost savings throughout
the bankruptcy lifecycle.  It enables debtors and their
professionals to navigate the administrative aspects of corporate
bankruptcy more effectively with electronic processes and
technology-based tools, including QR codes that hold up to 50 times
more data than traditional barcodes used by competitors and
electronic claims processing capabilities.

In each case, JND's team also leverages their extensive experience
in the restructuring industry space alongside their technology
capabilities to tackle complex cases, listening to client needs and
creating structured plans that are time and cost-efficient.

JND's recently completed cases include the following:

   -- Morris Schneider Wittstadt, Va. PLLC and its affiliated
debtors successfully liquidated, with JND helping the firm navigate
effortlessly through bankruptcy -- and allowing them to focus
solely on resolving their ongoing legal grievances.  Prior to being
defrauded $70 million, the firm employed more than 850 legal
professionals in 30 offices across four states.

"I had not worked with JND, formerly UpShot Services, prior to the
MSW cases.  The Debtors selected JND as the Debtors' claims agent
based upon the recommendation of a colleague in the bar and JND's
rates," said Jeff Waxman, Partner at Morris James LLP.  "Throughout
the MSW cases, the team at JND was immediately responsive to all of
the issues that the Debtors' cases required, including serving
pleadings, maintaining a website for the Debtors and the Committee,
reviewing and providing comments to the proposed plan solicitation
and voting process, and providing us with regular updates of plan
voting."

   -- Wave Systems Corp. successfully emerged from Chapter 11
bankruptcy with returns to creditors that surpassed initial
expectations.  With the help of JND's electronic ballots and other
pioneering proprietary technology and services, the company
transitioned from Chapter 7 liquidation to Chapter 11 seamlessly
and effectively.  Upon completing Chapter 11, Wave Systems provided
creditors with a payout that was 81 percent more than originally
formulated under Chapter 7.

   -- Despite spending two years in Chapter 11, Variant Holding
Company, a multi-family housing magnate, was making slow progress
in resolving their bankruptcy.  JND Corporate Restructuring
administered the cases of its 33 operating subsidiaries.  Despite
the complexities presented by restructuring within the income
property field and the number of subsidiaries, the administrative
aspects of restructuring managed by JND were successful and within
a year, all operating entities were acquired.

                About JND Legal Administration

JND Legal Administration -- http://www.JNDLA.com/-- is a
management and administration company delivering service lines in
class action, bankruptcy, eDiscovery, government services and mass
tort.  JND's team of industry veterans is passionate about
providing outstanding service to clients.  Armed with decades of
expertise and a powerful set of tools, JND has deep experience
expertly navigating the intricacies of class action settlements,
corporate restructuring, eDiscovery, mass tort claims and
government services.  JND is trusted by law firms, government
agencies and Fortune 500 companies across the nation.  The company
is backed by Stone Point Capital and has offices in Colorado,
Minnesota, New York, North Carolina, Washington and Washington,
D.C.


[^] BOOK REVIEW: Risk, Uncertainty and Profit
---------------------------------------------
Author:  Frank H. Knight
Publisher:  Beard Books
Softcover:  381 pages
List Price:  $34.95
Review by Gail Owens Hoelscher

Order your personal copy today at
http://www.amazon.com/exec/obidos/ASIN/1587981262/internetbankrupt

The tenets Frank H. Knight sets out in this, his first book,
have become an integral part of modern economic theory. Still
readable today, it was included as a classic in the 1998 Forbes
reading list. The book grew out of Knight's 1917 Cornell
University doctoral thesis, which took second prize in an essay
contest that year sponsored by Hart, Schaffner and Marx. In it,
he examined the relationship between knowledge on the part of
entrepreneurs and changes in the economy. He, quite famously,
distinguished between two types of change, risk and uncertainty,
defining risk as randomness with knowable probabilities and
uncertainty as randomness with unknowable probabilities. Risk,
he said, arises from repeated changes for which probabilities
can be calculated and insured against, such as the risk of fire.
Uncertainty arises from unpredictable changes in an economy,
such as resources, preferences, and knowledge, changes that
cannot be insured against. Uncertainty, he said "is one of the
fundamental facts of life."

One of the larger issues of Knight's time was how the
entrepreneur, the central figure in a free enterprise system,
earns profits in the face of competition. It was thought that
competition would reduce profits to zero across a sector because
any profits would attract more entrepreneurs into the sector and
increase supply, which would drive prices down, resulting in
competitive equilibrium and zero profit.

Knight argued that uncertainty itself may allow some entrepreneurs
to earn profits despite this equilibrium. Entrepreneurs, he said,
are forced to guess at their expected total receipts. They cannot
foresee the number of products they will sell because of the
unpredictability of consumer preferences. Still, they must
purchase product inputs, so they base these purchases on the
number of products they guess they will sell. Finally, they have
to guess the price at which their products will sell. These
factors are all uncertain and impossible to know. Profits are
earned when uncertainty yields higher total receipts than
forecasted total receipts. Thus, Knight postulated, profits are
merely due to luck. Such entrepreneurs who "get lucky" will try to
reproduce their success, but will be unable to because their luck
will eventually turn.

At the time, some theorists were saying that when this luck runs
out, entrepreneurs will then rely on and substitute improved
decision making and management for their original
entrepreneurship, and the profits will return. Knight saw
entrepreneurs as poor managers, however, who will in time fail
against new and lucky entrepreneurs. He concluded that economic
change is a result of this constant interplay between new
entrepreneurial action and existing businesses hedging against
uncertainty by improving their internal organization.

Frank H. Knight has been called "among the most broad-ranging
and influential economists of the twentieth century" and "one of
the most eclectic economists and perhaps the deepest thinker and
scholar American economics has produced." He stands among the
giants of American economists that include Schumpeter and Viner.
His students included Nobel Laureates Milton Friedman, George
Stigler and James Buchanan, as well as Paul Samuelson. At the
University of Chicago, Knight specialized in the history of
economic thought. He revolutionized the economics department
there, becoming one the leaders of what has become known as the
Chicago School of Economics. Under his tutelage and guidance,
the University of Chicago became the bulwark against the more
interventionist and anti-market approaches followed elsewhere in
American economic thought. He died in 1972.


                            *********

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
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                   *** End of Transmission ***