TCR_Public/161215.mbx          T R O U B L E D   C O M P A N Y   R E P O R T E R

              Thursday, December 15, 2016, Vol. 20, No. 349

                            Headlines

ABENGOA KANSAS: Selling Equipment From Hugoton Plant
ACHAOGEN INC: Intends to Submit NDA to FDA in Second Half of 2017
ADVANCED SOLIDS: Mallett Buying Carlsbad Property for $250K
ADVANCED SOLIDS: Stevenses Buying Carslbad Property for $260K
ALFREDO SEPULVEDA: Unsecureds To Get Full Payment in 72 Months

ALIANZA TRINITY: Committee Taps Berger Singerman as Legal Counsel
ALPHATEC HOLDINGS: Appoints Terry Rich as Chief Executive Officer
ALPHATEC HOLDINGS: May Issue 600,000 Shares Under Award Plan
AMERICAN GILSONITE: Wins Confirmation of Prepack Plan
AMERIGAS PARTNERS: Fitch Assigns 'BB' Sr Unsecured Notes Rating

AMERIGAS PARTNERS: Moody's Assigns Ba3 Rating on New $550MM Notes
ARCTIC CORNER: Hires Scott E. Kaplan as Attorney
ARMADA WATER: Needs until January 18 to File Chapter 11 Plan
BANK OF AMERICA: Fitch Affirms 'BB+' Preferred Stock Rating
BIG APPLE CIRCUS: U.S. Trustee Forms 3-Member Committee

BILL BARRETT: Signs Underwriting Agreement with J.P. Morgan
C&J ENERGY: Smart Sand Assigns Claim to Third Parties for $6.6M
CAESARS ENTERTAINMENT: Court OKs Investment Deal with Accel
CCH JOHN EAGAN: Court Moves Solicitation Period Thru Confirmation
CITIGROUP INC: Fitch Affirms 'BB+' Preferred Stock Rating

COMMUNICATIONS SALES: Fitch Assigns 'BB-' Issuer Default Ratings
CONCHO RESOURCES: Moody's Assigns Ba2 Rating on New $600MM Notes
DACCO TRANSMISSION: Hires Prime Clerk as Administrative Advisor
DACCO TRANSMISSION: Hires Willkie Farr & Gallagher as Counsel
DALE PROPERTIES: Wants to Use Tradition Capital Bank Cash

DELIVERY AGENT: Asks Court to Move Plan Filing Period to May 13
DIRECTORY DISTRIBUTING: U.S. Trustee Unable to Appoint Committee
DLN PROPERTIES: Disclosures Okayed, Plan Hearing on Jan. 5
DOLLAR MART: Hires Toni Campbell Parker as Attorney
DOUGLAS JEFFERIES: Disclosures Okayed, Plan Hearing on Jan. 4

DRT HEEL: Jan. 11 Hearing on Motion to Enjoin Cash Use Set
EARLY CALIFORNIA: Taps Greenberg, Allan Sarver as Legal Counsel
EDCON HOLDINGS: Chapter 15 Case Summary
EFRAIN SALAS: Unsecureds To Get Paid $5,000 Under Plan
EKD REALTY: Secured Creditor To Get $5.3MM, Legal Fees by Jan. 15

ELBIT IMAGING: Unit's Phase 3 Study of Blood Cancers Now Enrolling
ENUMERAL BIOMEDICAL: Gets $3.4M Proceeds From Warrant Tender Offer
ERICKSON INC: Nasdaq to Delist Common Stock Effective Dec. 19
ESPRESSO DREAM: Sale of Four New York Leases Approved
ESSEX CONSTRUCTION: U.S. Trustee Unable to Appoint Committee

FOREST ENERGIES: Seeks to Hire Hill Fog as Accountant
FOUNTAINS OF BOYNTON: Can Use Cash Collateral Until Jan. 5
FTZ NETWORKS: Hires Toni Campbell Parker as Attorney
GATOR CRANE: Wants to Use 1st Source Bank Cash Collateral
GATOR EQUIPMENT: Seeks Approval for Use of Regions Bank Cash

GK & SONS: Seeks to Hire Leiderman Shelomith as Legal Counsel
GOLDMAN SACHS: Fitch Affirms 'BB+' Preferred Equity Rating
GREEN STAR LIGHTING: U.S. Trustee Unable to Appoint Committee
GULFCOAST SPECIALTY: Disclosures Okayed, Plan Hearing on Feb. 10
HARMAC CORP: Hires VRI Homes and Lee & Associates as Realtors

HEALTH NET: Fitch Affirms Then Withdraws 'BB' LT IDR
HUNTWICKE CAPITAL: Amends Current Report on Share Agreements
IHEARTCOMMUNICATIONS INC: Fitch Cuts LT Issuer Default Rating to CC
IHEARTCOMMUNICATIONS INC: Gets Consents to Amend Notes Indenture
ILIANA NEUROSPINE: Taps Gouveia and Associates as Legal Counsel

ISLAND CONCEPTS: Disclosure Statement Hearing Set for Jan. 11
JA FAMILY: Has Until February 27 to File Chapter 11 Plan
JACK COOPER: Completes Exchange Transactions
KENNETH ARTHURS: Examiner Sought Amid NCK Mismanagement
KEY ENERGY: 24th Amendment to Office Lease Approved

KEY ENERGY: Reorganized Co. Gets $24M from Backstop Parties
L&M TRANSPORTATION: Court Prohibits Cash Collateral Use
LAS VEGAS JOHN: Atomic Cocktail Buying Apartments for $1.7 Million
LATTICE INC: Amends GTL Note to Extend Payment Due Date
LIBERTY TOWERS: Unsecureds To Be Paid From Asset Sale Proceeds

LIFE PARTNERS: Exits Ch. 11, To Begin Distributions to Investors
LIFE UNIVERSITY: Moody's Affirms Ba3 Rating on Rev./Refunding Bonds
MANUEL DUARTE: Proposes To Pay Unsecureds $5,000
MARYVALE HOLDINGS: Cotterkey Against Cash Collateral Use
MORGAN STANLEY: Fitch Affirms 'BB+' Preferred Stock Rating

MWM & SONS: Hires Burns Law as Counsel
MWM & SONS: Hires NAI Michael as Realtor
NASTY GAL: Hires Robins Kaplan as Counsel
NAVISTAR INTERNATIONAL: To Release Fiscal 2016 Q4 Results on Dec 20
NOBLE HOLDING: Moody's Assigns B1 Rating on New Sr. Unsecured Notes

NORTHERN OIL: FMR LLC Reports 1.8% Equity Stake as of Dec. 9
PARAGON OFFSHORE: Hires Akin Gump as Special Counsel for Directors
PATRIOT COAL: Coal Miners at Risk of Losing Healthcare Benefits
PEABODY ENERGY: Mangrove Partners Wants Official Equity Committee
PEBBLE TECHNOLOGY: Fitbit Buys Software Assets

PETROQUEST ENERGY: Michael Finch Resigns as Director
PIONEER ENERGY: Closes Public Offering of Common Stock
PONCE TACO: Hires Jose R. Fuentes as Attorney
RACKSPACE HOSTING: Fitch Assigns 'BB-' LT Issuer Default Rating
RICEBRAN TECHNOLOGIES: Appoints Robert Smith as Director & CEO

ROBISON TIRE: Exclusive Plan Filing Deadline Extended Thru Jan. 9
ROCK INVESTMENT: Taps Keating Wagner as Appeals Counsel
S & R PISHVA: U.S. Trustee Unable to Appoint Committee
SAAD INC: Hires Vineyard Engineering as Professional
SAMWIN LLC: MC Buying Liquid CO2 Extraction Equipment for $300K

SEANIEMAC INTERNATIONAL: Files Series E Certificate of Designation
SERGIO JIMENEZ: Unsecureds To Be Paid $10,000 Over 5 Yrs.
SFX ENTERTAINMENT: Cancels Registration of Old Shares
SIGNAL BAY: Reports $345,000 Revenues for November
SINCLAIR TELEVISION: Moody's Assigns Ba1 Rating on Term Loan B

SOUTHCROSS ENERGY: Inks Third Amendment to Wells Fargo Credit Pact
STONE ENERGY: Amends RSA to Extend Deadline to File Ch. 11 Cases
STONE ENERGY: Files for Chapter 11 With Prepack Plan
STONE OAK: Court Dismisses Ch. 11 Case
SYNTAX-BRILLIAN: Denial of A. Amr's Bid to Compel Affirmed

TABLE LLC: U.S. Trustee Unable to Appoint Committee
TEMPLE SQUARE: Sale of Akron Property to Tun for $69K Approved
TOMMY CAMPBELL: U.S. Trustee Unable to Appoint Committee
TRANSOCEAN PROTEUS: Fitch Assigns 'B+' LT Issuer Default Rating
TRANSTAR HOLDING: Moody's Withdraws Ca CFR on Bankruptcy Filing

TRIDENT BRANDS: Announces D&O Resignations and Appointments
UNITED GAS: Hires Westside Pacific as Real Estate Broker
VALEANT PHARMACEUTICALS: Names William Humphries EVP Dermatology
VIOLIN MEMORY: Case Summary & 40 Largest Unsecured Creditors
VIOLIN MEMORY: Expects Ch. 11 Process to Conclude by January

VIOLIN MEMORY: Files for Bankruptcy with $145.4 Million in Debt
WALTER H. BOOTH: Hires Eleonor Dahar as Counsel
WOODHAVEN TOWNHOUSE: Hires Jennifer K. Maddox as Accountant
YELLOW CAB: Ch.11 Trustee Hires Michelson Law Group as Counsel
YELLOW CAB: Ch.11 Trustee Hires Sugarman & Company as Accountants

[^] Recent Small-Dollar & Individual Chapter 11 Filings

                            *********

ABENGOA KANSAS: Selling Equipment From Hugoton Plant
----------------------------------------------------
Abengoa Bioenergy Biomass of Kansas, LLC, and Abengoa Bioenergy
Trading US, LLC ("ABT"), ask the U.S. Bankruptcy Court for the
District of Kansas to authorize them to market and sell ABT's
equipment located in its plant in Hugoton, Kansas.

A hearing on the Motion is set for Dec. 20, 2016 at 10:00 a.m.
(PCT).  The objection deadline is Dec. 20, 2016 at 10:00 a.m.
(PCT).

On Oct. 12, 2016, Abengoa Bioenergy Biomass of Kansas, LLC ("ABBK")
filed with the Kansas Court its Motion of the Debtor for Entry of
an Order (I)(A) Approving and Authorizing Bidding Procedures in
Connection With the Sale of Substantially All of the Debtor's
Assets, (B) Approving Stalking Horse Protections, (C) Approving
Procedures Related to the Assumption and Assignment of Certain
Executory Contracts and Unexpired Leases, (D) Approving the Form
and Manner of Notice Thereof, and (II)(A) Authorizing the Sale of
Substantially all of the Debtor's Assets Free and Clear of All
Liens, (B) Approving the Assumption and Assignment of Certain
Executory Contracts and Unexpired Leases Related Thereto, and (C)
Granting Related Relief, seeking to sell ABBK's assets, including
its plant located in Hugoton, Kansas ("Plant").

After an auction and a sale hearing, ultimately, the Court approved
the sale of ABBK's assets, including the Plant, free and clear of
all liens, claims, encumbrances, and other interests ("Kansas
Sale"), to the Synata Bio, Inc. ("Kansas Purchaser").  The Kansas
Sale closed on Dec. 8, 2016.  

Certain equipment located and utilized at the Plant and owned by
ABT ("Property") was excluded from the Kansas Sale.  

Since the closing of the ABBK sale of the Plant, the Property is
located on the premises of a third-party, who is insisting that the
Property be removed promptly.  While the Debtors believe that the
Property holds value to the estate, and if marketed and sold as
requested, will benefit the estate, the Debtors do not wish to
incur unnecessary, potentially significant costs, or other
potential damages, to move, store and otherwise maintain these used
pieces of equipment.  

The Debtors acknowledge the extraordinary nature of the request,
but believe that the unique facts and circumstances warrant it.
Accordingly, the Debtors now seek the Court's authorization and
approval to market and sell the Property free and clear of all
liens, claims, encumbrances, and other interests, and other
interests and at no less than 80% of scheduled book value, as set
forth.

Specifically, the Selling Debtor proposes to initially market the
Property via an Internet forum, such as eBay or a similar Web site
commonly used for the sale of such equipment. The Debtors request
that if after a reasonable amount of marketing, as determined by
the Debtors, in exercising its business judgment and in
consultation with the Committee, the Debtors receive a bid or bids
in excess of 80% of scheduled book value ("Qualifying Bids"), the
Selling Debtor may sell the Property, or such portion thereof, to
the party or parties submitting the accepted Qualified Bid or
Qualifying Bids, without further action by the Court.

In the event of receiving multiple Qualifying Bids, the Selling
Debtor, again in consultation with the Committee and in exercising
its business judgment, is authorized to sell the Property, or parts
thereof, to the Purchaser or Purchasers with the highest Qualifying
Bid or Qualifying Bids, without further action by the Court.  The
Debtors would then, within 3 business days of closing on the sale
of the last of the Property, file with the Court copies of the
bill(s) of sale referencing the Property.  Again, the Selling
Debtor seeks to sell the Property for no less than 80% of the
scheduled book value, without further request of the Court.

In the event that the Selling Debtor does not receive Qualifying
Bids, the Debtors will make a further separate request to the
Court.  The Debtors believe that the process is in the best
interests of the estate and its creditors.

The Debtors desire the sell the Property as soon as is practicable
to finalize the transition of the Plant's ownership from ABBK to
the Kansas Purchaser and and to preserve value for the Debtors'
estates.  Accordingly, the Debtors request that the Court waive the
14-day stay under Bankruptcy Rules 6004(h).

                   About Abengoa Bioenergy US

Abengoa Bioenergy is a collection of indirect subsidiaries of
Abengoa S.A., a Spanish company founded in 1941.  The global
headquarters of Abengoa Bioenergy is in Chesterfield, Missouri.
With a total investment of $3.3 billion, the United States has
become Abengoa S.A.'s largest market in terms of sales volume,
particularly from developing solar, bioethanol, and water
projects.

Spanish energy giant Abengoa S.A. is an engineering and clean
technology company with operations in more than 50 countries
worldwide that provides innovative solutions for a diverse range
of customers in the energy and environmental sectors.  Abengoa is
one of the world's top builders of power lines transporting energy
across Latin America and a top engineering and construction
business, making massive renewable-energy power plants worldwide.

On Nov. 25, 2015, in Spain, Abengoa S.A. announced its intention
to seek protection under Article 5bis of Spanish insolvency law, a
pre-insolvency statute that permits a company to enter into
negotiations with certain creditors for restricting of its
financial affairs.  The Spanish company is facing a March 28,
2016, deadline to agree on a viability plan or restructuring plan
with its banks and bondholders, without which it could be forced
to
declare bankruptcy.

Gavilon Grain, LLC, et al., on Feb. 1, 2016, filed an involuntary
Chapter 7 petition for Abengoa Bioenergy of Nebraska, LLC ("ABNE")
and on Feb. 11, 2016, filed an involuntary Chapter 7 petition for
Abengoa Bioenergy Company, LLC ("ABC").  ABC's involuntary Chapter
7 case is Bankr. D. Kan. Case No. 16-20178. ABNE's involuntary
case is Bankr. D. Neb. Case No. 16-80141. An order for relief has
not been entered, and no interim Chapter 7 trustee has been
appointed in the Involuntary Cases. The petitioning creditors are
represented by McGrath, North, Mullin & Kratz, P.C.

On Feb. 24, 2016, Abengoa Bioenergy US Holding, LLC and five
affiliated debtors each filed a Chapter 11 voluntary petition in
St. Louis, Missouri, disclosing total assets of $1.3 billion and
debt of $1.2 billion.  The cases are pending before the Honorable
Kathy A. Surratt-States and are jointly administered under Bankr.
E.D. Mo. Case No. 16-41161.

The Debtors have engaged DLA Piper LLP (US) as counsel, Armstrong
Teasdale LLP as co-counsel, Alvarez & Marsal North America, LLC as
financial advisor, Lazard as investment banker and Prime Clerk LLC
as claims and noticing agent.

               Abengoa Bioenergy Biomass of Kansas

On March 23, 2016, three subcontractors asserting disputed state
law lien claims against Abengoa Bioenergy Biomass of Kansas, LLC
filed an involuntary petition under chapter 7 of the Bankruptcy
Code.  The case was converted to a case under chapter 11 of the
Bankruptcy Code (Bankr. D. Kan. Case No. 16-10446) on April 8,
2016.

In April 2016, Chief Bankruptcy Judge Robert E. Nugent denied the
request of Abengoa Bioenergy Biomass of Kansas to transfer its
case to the Bankruptcy Court for the District of Delaware where
cases involving its indirect parent companies and other affiliates
are pending.  Judge Nugent said the facts and unique circumstances
surrounding the debtor and its known creditors do not warrant
transferring the case.

The Debtor is represented by Christine L. Schlomann, Esq., Richard
W. Engel, Jr., Esq., and Erin M. Edelman, Esq., at Armstrong
Teasdale LLP, Vincent P. Slusher, Esq., David E. Avraham, Esq., R.
Craig Martin, Esq., and Kaitlin M. Edelman, Esq., at DLA Piper LLP
(US).

Petitioning creditor Brahma Group, Inc. is represented by W. Rick
Griffin, Esq. -- wrgriffin@martinpringle.com -- and Samantha M
Woods, Esq. -- smwoods@martinpringle.com -- at Martin Pringle
Oliver Wallace & Bauer.  Petitioning creditors CRB Builders LLC
and
Summit Fire Protection Co. are represented by Robert M. Pitkin,
Esq. -- rPitkin@hab-law.com -- and Danne W Webb, Esq. --
dwebb@hab-law.com -- at Horn Aylward & Bandy LLC.

The Official Committee of Unsecured Creditors are represented in
the Kansas bankruptcy case by:

     Adam L Fletcher, Esq.
     Michelle Manzoian, Esq.
     Alexis C Beachdell, Esq.
     Michael A VanNiel, Esq.
     Kelly S Burgan, Esq.
     Baker & Hostetler LLP
     Key Tower, 127 Public Square, Suite 2000
     Cleveland, OH 44114-1214
     Tel: 216-621-0200
     Fax: 216-696-0740
     E-mail: afletcher@bakerlaw.com
             mmanzoian@bakerlaw.com
             abeachdell@bakerlaw.com
             mvanniel@bakerlaw.com
             kburgan@bakerlaw.com

          - and -

     Robert L. Baer, Esq.
     Cosgrove, Webb & Oman
     534 S. Kansas Avenue, Suite 1100
     Topeka, KS 66603
     Tel: 785-235-9511
     Fax: 785-235-2082


ACHAOGEN INC: Intends to Submit NDA to FDA in Second Half of 2017
-----------------------------------------------------------------
Achaogen, Inc., announced that its lead product candidate,
plazomicin, met the objective of non-inferiority compared to
meropenem for the U.S. Food and Drug Administration and achieved
superiority for the European Medicines Agency primary efficacy
endpoints in the Phase 3 EPIC registration trial in patients with
complicated urinary tract infections and acute pyelonephritis.  In
addition, in the Phase 3 CARE trial in patients with serious
infections due to carbapenem-resistant Enterobacteriaceae, a lower
rate of mortality or serious disease-related complications was
observed for plazomicin compared with colistin therapy, one of the
few remaining antibiotics for treatment of infections due to CRE.

Achaogen plans to submit a New Drug Application, which will include
EPIC and CARE data, to the FDA in the second half of 2017.
Achaogen also plans to submit a Marketing Authorization Application
to the EMA in 2018.  In addition, Achaogen plans to publicly
present detailed results from both the EPIC and CARE trials in
2017.

In the EPIC trial, plazomicin successfully met the objective of
non-inferiority compared to meropenem for the FDA-specified primary
efficacy endpoints, and achieved superiority for the EMA-specified
primary efficacy endpoints.
Results for FDA pre-specified composite endpoint of clinical cure
and microbiological eradication in the microbiological modified
intent-to-treat population were as follows:

  * Day 5: 88.0% plazomicin vs. 91.4% meropenem (difference -3.4%,

    95% CI: -10.0, 3.1%), indicating statistical non-inferiority

  * Test-of-Cure: 81.7% plazomicin vs. 70.1% meropenem (difference

    11.6%, 95% CI: 2.7, 20.3%), indicating statistical superiority

Results for EMA-specified endpoints of microbiological
eradication at the test-of-cure visit were as follows:

  * mMITT: 87.4% plazomicin vs. 72.1% meropenem (difference 15.4%,

    95% CI: 7.5, 23.2%), indicating statistical superiority

  * ME: 90.5% plazomicin vs. 76.6% meropenem (difference 13.9%,
    95% CI: 6.3, 21.7%), indicating statistical superiority

Plazomicin was well tolerated with no new safety concerns
identified in the EPIC trial.  Total treatment emergent adverse
events related to renal function were reported in 3.6% and 1.3% of
patients in the plazomicin and meropenem groups, respectively.
TEAEs related to cochlear or vestibular function were reported in a
single patient in each of the plazomicin and meropenem treatment
groups.  Both events were considered mild and resolved completely.
In the Phase 3 CARE trial in patients with serious infections due
to CRE a lower rate of mortality or serious disease-related
complications was observed for plazomicin compared with colistin
therapy.

                      About the EPIC Trial

EPIC (Evaluating plazomicin in cUTI) was a multinational,
randomized, controlled, double-blind clinical trial in adult
patients with cUTI and AP.  The trial enrolled 609 patients who
were randomized 1:1 to receive plazomicin 15 mg/kg as a once daily
30-minute intravenous ("IV") infusion or meropenem 1.0 gram every 8
hours as a 30 minute IV infusion.  After a minimum of 4 days of IV
therapy, patients who met protocol-defined criteria for improvement
were allowed to step-down to oral levofloxacin to complete a total
of 7 to 10 days of therapy (IV plus oral).

                    About the CARE Trial

CARE (Combating Antibiotic Resistant Enterobacteriaceae) was a
multinational, open label, Phase 3 clinical trial evaluating the
efficacy and safety of plazomicin in patients with serious
bacterial infections due to CRE.  The study included two cohorts of
patients.  Cohort 1 (N=39) was a randomized, comparator-controlled
cohort to compare plazomicin with colistin (either in combination
with meropenem or tigecycline) for the treatment of bloodstream
infection ("BSI"), hospital acquired bacterial pneumonia ("HABP")
or ventilator associated bacterial pneumonia ("VABP") due to CRE.
Cohort 1 enrolled 30 patients with BSI and 9 patients with
HABP/VABP. Cohort 2 (N=30) was a single-arm expanded access cohort
to evaluate plazomicin-based therapy in patients with BSI,
HABP/VABP or cUTI due to CRE who were not eligible for enrollment
in Cohort 1.

The primary analysis for Cohort 1 was conducted in the mMITT
population (patients with confirmed CRE infection) and was defined
as all-cause mortality at Day 28 or significant disease related
complications.  Due to limitations of the small sample size, no
formal statistical hypothesis testing was performed, but a
two-sided 90% exact confidence interval is provided to describe the
degree of variability around the observed differences.

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

                     https://is.gd/Wv1lLk

                        About Achaogen

Achaogen, Inc. is a clinical-stage biopharmaceutical company
passionately committed to the discovery, development, and
commercialization of novel antibacterials to treat multi-drug
resistant gram-negative infections.  The Company is developing
plazomicin, its lead product candidate, for the treatment of
serious bacterial infections due to MDR Enterobacteriaceae,
including carbapenem-resistant Enterobacteriaceae.  In 2013, the
Centers for Disease Control and Prevention identified CRE as a
"nightmare bacteria" and an immediate public health threat that
requires "urgent and aggressive action."

Achaogen reported a net loss of $27.09 million in 2015, a net loss
of $20.17 million in 2014 and a net loss of $13.11 million in
2013.  As of Sept. 30, 2016, Achaogen had $80.66 million in total
assets, $49.64 million in total liabilities and $31.01 million in
total stockholders' equity.

The Company's independent accounting firm Ernst & Young LLP, in
Redwood City, 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 from
operations and its need for additional capital raise substantial
doubt about its ability to continue as a going concern.


ADVANCED SOLIDS: Mallett Buying Carlsbad Property for $250K
-----------------------------------------------------------
Advanced Solids Control, LLC, asks the U.S. Bankruptcy Court for
the Western District of Texas to authorize the sale of real
property described as 4005 S. Pat Garrett Ct., Carlsbad, New
Mexico, to Bobby R. Mallett for $250,000.

The sale is scheduled to close on Jan. 17, 2017.

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

          http://bankrupt.com/misc/Advanced_Solids_10_Sales.pdf

The Debtor believes that the proposed sales price approximates the
real property's market value in the context of such a sale, and is
a reasonable value based upon the asset proposed to be sold and its
marketability.

The real property is subject to a mortgage lien to First National
Bank of Beeville in the amount of $891,701.  There are several
other real properties which secure the claim of First National Bank
of Beeville.  Any outstanding ad valorem taxes, including the 2016
ad valorem taxes, will be paid in full from the sale.

The Debtor is requesting permission to pay all reasonable closing
costs, including real estate commissions (if any), directly at
closing.  The net proceeds from the sale will be paid to First
National Bank of Beeville against the outstanding balance of its
Note (partial payment).

The Debtor asks that the sale be free and clear of all liens,
claims and encumbrances pursuant to Section 363 of the U.S.
Bankruptcy Code.  The lien of First National Bank of Beeville and
the local ad valorem taxing authorities will automatically attach
to the net sales proceeds based upon their pre-petition priority,
and paid through closing.

Should the sale to Mallett fail to close, the Debtor proposes to
sell the real property to any other third party for the minimum
cash sales price in the amount of $250,000.

The Debtor asks the Court to authorize the sale of the property to
Mallett free and clear of all liens, claims and encumbrances.

The Purchaser can be reached at:

          Bobby R. Mallett
          E-mail: bmallet@akaenergy.com

                         About Advanced Solids Control

Advanced Solids Control, LLC, is an oilfield service company
specializing in solids control for land-based oil and gas drilling
operations.

Advanced Solids sought Chapter 11 protection (Bankr. W.D. Tex. Case
No. 16-52748) on Dec. 2, 2016.  The petition was signed by W. Lynn
Frazier, managing member.  The Debtor estimated assets in the range
of $0 to $50,000 and $500,001 to $1,000,000 in debt.

The Debtor tapped William R. Davis, Jr., Esq., at Langley & Banack,
Inc. as counsel.


ADVANCED SOLIDS: Stevenses Buying Carslbad Property for $260K
-------------------------------------------------------------
Advanced Solids Control, LLC, asks the U.S. Bankruptcy Court for
the Western District of Texas to authorize the sale of real
property described as 3907 N. Pat Garrett Ct., Carlsbad, New
Mexico, to Travis and Tiffany Stevens for $260,000.

The sale is scheduled to close on Jan. 10, 2017.

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

         http://bankrupt.com/misc/Advanced_Solids_9_Sales.pdf

The Debtor believes that the proposed sales price approximates the
real property's market value in the context of such a sale, and is
a reasonable value based upon the asset proposed to be sold and its
marketability.

The real property is subject to a mortgage lien to First National
Bank of Beeville in the amount of $891,701.  There are several
other real properties which secure the claim of First National Bank
of Beeville.  Any outstanding ad valorem taxes, including the 2016
ad valorem taxes, will be paid in full from the sale.

The Debtor is requesting permission to pay all reasonable closing
costs, including real estate commissions (if any), directly at
closing.  The net proceeds from the sale will be paid to First
National Bank of Beeville against the outstanding balance of its
Note (partial payment).

The Debtor proposes to sell the property free and clear of all
liens, claims and encumbrances pursuant to Section 363 of the U.S.
Bankruptcy Code.  The lien of First National Bank of Beeville and
the local ad valorem taxing authorities will automatically attach
to the net sales proceeds based upon their prepetition priority,
and paid through closing.

Should the sale to Travis and Tiffany Stevens fail to close, the
Debtor proposes to sell the real property to any other third party
for the minimum cash sales price in the amount of $260,000.

The Debtor asks the Court to authorize the sale of the property
free and clear of all liens, claims and encumbrances for the cash
sales price in the amount of $260,000 to the Stevenses.

Counsel for the Debtor:

          William R. Davis, Jr., Esq.
          LANGLEY & BANACK, INC.
          745 E. Mulberry, Suite 900
          San Antonio, TX 78212
          Telephone: (210) 736-6600

                         About Advanced Solids Control

Advanced Solids Control, LLC, is an oilfield service company
specializing in solids control for land-based oil and gas drilling
operations.

Advanced Solids sought Chapter 11 protection (Bankr. W.D. Tex. Case
No. 16-52748) on Dec. 2, 2016.  The petition was signed by W. Lynn
Frazier, managing member.  The Debtor estimated assets in the range
of $0 to $50,000 and $500,001 to $1,000,000 in debt.

The Debtor tapped William R. Davis, Jr., Esq., at Langley & Banack,
Inc. as counsel.


ALFREDO SEPULVEDA: Unsecureds To Get Full Payment in 72 Months
--------------------------------------------------------------
Alfredo L. Figueroa Sepulveda and his spouse Aliena V. Suarez
Franceschi filed with the U.S. Bankruptcy Court for the District of
Puerto Rico a disclosure statement and plan of reorganization,
which proposes that general unsecured non-insider creditors (Class
4) will be paid in full, through 72 equal consecutive monthly
installments of approximately $973, commencing on the Effective
Date of the Plan and continuing on the 30th day of the subsequent
71 months.

Class 1 is impaired under the Plan and is entitled to vote to
accept or reject the Plan.  Triangle Cayman Asset Co.'s Claim,
secured by the Debtors' Shopping Center known as Plaza Real Anon,
at Road No. 511, Coto Laurel Ward, in Ponce, Puerto Rico, with an
estimated value of $2,200,000, will be paid in full through 360
consecutive monthly installments of $5,665.00, including principal
and interest at 5.25% per annum, commencing on the Effective Date
and continuing on the 30th day of the subsequent 359 months.  TCA
will retain unaltered its security interest over the Shopping
Center, until the full payment of its claim.

The Plan contemplates for the Debtors to continue with their
leasing operations at the Shopping Center, averaging $15,000 in
monthly rent.  Claims will be paid with available funds arising
from the Debtors' rental income, the sale of their Dr. Veve
Property and their available cash balance on the Effective Date.

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

       http://bankrupt.com/misc/prb16-05664-11-52.pdf

The Debtors are represented by:
  
     Charles A. Cuprill
     P.S.C., Law Offices
     356 Fortaleza Street – Second  Floor
     San Juan, PR 00901
     Tel.: 787-977-0515
     Fax: 787-977-0518
     E-Mail: ccuprill@cuprill.com

Alfredo L Figueroa Sepulveda and Aliena Valderez Suarez sought for
Chapter 11 protection (Bankr. D.P.R. Case No. 16-05664) on July 15,
2016.


ALIANZA TRINITY: Committee Taps Berger Singerman as Legal Counsel
-----------------------------------------------------------------
The official committee of unsecured creditors of Alianza Trinity
Development Group, LLC seeks approval from the U.S. Bankruptcy
Court for the Southern District of Florida to hire legal counsel.

The committee proposes to hire Berger Singerman LLP to give legal
advice regarding its duties under the Bankruptcy Code, review any
proposed bankruptcy plan, assist in the sale of the Debtor's
assets, investigate pre-bankruptcy transactions involving the
Debtor or its lenders, and provide other legal services.

The hourly rates charged by the firm are:

     Paul Steven Singerman     $525
     Isaac Marcushamer         $400
     Zachary Hyman             $290
     Christopher Jarvinen      $500

Berger Singerman does not represent or hold any interest adverse to
that of the Debtor's bankruptcy estate, according to court filings.


The firm can be reached through:

     Paul Steven Singerman, Esq.
     Berger Singerman LLP
     1450 Brickell Avenue, Suite 1900
     Miami, FL 33131
     Tel: (305) 755-9500
     Fax: (305) 714-4340
     Email: singerman@bergersingerman.com

                      About Alianza Trinity

Alianza Trinity Development Group, LLC, filed a Chapter 11 petition
(Bankr. S.D. Fla. Case No. 16-24483) on October 27, 2016, and is
represented by Thomas R. Lehman, Esq., at Levine Kellogg Lehman
Schneider + Grossman LLP, in Miami, Florida.  At the time of
filing, the Debtor had estimated assets and liabilities of $10
million to $50 million.

The petition was signed by Omar Botero, manager & CEO of Alianza
Holdings, LLC, as managing member of Alianza Trinity Development
Group, LLC.

The Office of the U.S. Trustee appointed a three-member committee
of unsecured creditors in the Debtor's case on December 2, 2016.


ALPHATEC HOLDINGS: Appoints Terry Rich as Chief Executive Officer
-----------------------------------------------------------------
Alphatec Holdings, Inc., the parent company of Alphatec Spine,
Inc., announced that its Board of Directors has appointed Terry M.
Rich as the Company's chief executive officer, effective Dec. 10,
2016.  Mr. Rich, who has also been appointed to the Company's Board
of Directors, will replace Leslie H. Cross, who has served as
interim chief executive officer since September 2016.  The Company
also announced that its Board of Directors has appointed Mortimer
Berkowitz III, a current member of the Company's Board of
Directors, as Chairman of the Board effective Dec. 10, 2016,
replacing Mr. Cross, who will step down as Chairman, but will
remain on the Company's Board of Directors.  As a result of this
transition, the Board will no longer have a lead independent
director.  Finally, the Company announced new members of its
commercial leadership team and equity inducement awards being
granted to three new key employees.

With over 25 years of orthopedic, spine and medical device business
experience, Mr. Rich has a successful track record of leading
global business units, driving sales execution and commercial
turn-arounds.  In addition, Mr. Rich has demonstrated experience
managing both direct and distributor sales channels. Most recently
he served as President, Upper Extremities at Wright Medical Group
N.V. (Nasdaq: WMGI), following Wright's merger with Tornier, N.V.
Prior to this, Mr. Rich served as the senior vice president, U.S.
Commercial Operations, at Tornier and prior to Tornier, Mr. Rich
held senior sales leadership positions in the spine industry at
Nuvasive and DePuy Spine.

New Sales Leadership Appointed

In conjunction with Mr. Rich's appointment, the Company also
announced the following additions to the Company's commercial
leadership team:

   * Jon Allen has accepted a newly created position as the
     Company's executive vice president, commercial operations.  
     In this role, Mr. Allen will be responsible for all aspects
     of sales, sales training, national accounts, healthcare
     economics and value creation.

   * Amy Ables, Ph.D., has accepted a newly created position as
     the Company's vice president, corporate education &
     performance.  In this role, Dr. Ables will be responsible for
     all aspects of training and development for surgeons, sales
     representatives, distributors and employees.  Dr. Ables will
     also drive efforts for an integrated process to involve and
     align Alphatec's teams to accomplish the Company's strategic
     goals and objectives.

With these appointments, the Company is investing in strengthening
its sales leadership in order to improve sales execution and drive
future revenue growth.

Tim Berkowitz, Chairman of the Alphatec Board of Directors, said,
"This leadership transition is the next step in connecting surgeons
and patients in the U.S. with Alphatec's new and robust spinal
fusion products.  We are excited to bring in Terry Rich as CEO to
lead the next phase of the Company's transformation and drive
superior performance for Alphatec.  Terry's deep experience in the
U.S. spine and orthopedics markets and his demonstrated history as
an executive leader make him ideally suited for the CEO position.
We are equally excited about the additions of Jon and Amy to the
commercial leadership team.  Together, Terry, Jon and Amy were
senior executives at Tornier and were instrumental in repositioning
Tornier's U.S. commercial business and positioning the company for
a successful merger with Wright Medical in 2015. Their combined
experience and exceptional leadership will be invaluable as we move
to unlock the potential of our product portfolio across the U.S.
spine market."

Mr. Berkowitz added, "The Board offers our sincerest thanks to Les
Cross for his dedication and contributions to Alphatec as Chairman
of the Board for the last five-plus years.  We appreciate his
guidance and leadership and we are very pleased that he will
continue to serve on the Company's Board."

Mr. Rich said, "I am thrilled with the opportunity to lead Alphatec
through this pivotal point in the Company's transformation and
aggressively pursue the large U.S. market opportunity we have in
front of us.  With a new, robust portfolio of spinal fusion
products, an improved capital structure and a strengthened senior
leadership team, we are well positioned to drive towards future
profitability and growth.  I look forward to engaging with the
talented Alphatec employees, our surgeon customers, our
distributors and sales agents, our suppliers and our shareholders
as we embark on this new chapter."

"With over 25 years of experience in the orthopedic and spine
industry, Mr. Rich, 49, is an accomplished leader with a breadth of
experience across a variety of commercial roles," the Company said.
Mr. Rich was most recently with Wright Medical Group and Tornier
and held multiple roles with increasing responsibility since 2012
in the areas of U.S. sales, global product delivery, sales
training, global marketing, commercial operations, research and
development, healthcare economics, business strategy, finance and
human resources.  Most recently, since 2015 he served as President,
Upper Extremities of Wright Medical, where he was accountable for a
~$200M annual revenue business unit.  Prior to Wright, he held
senior executive leadership positions at Tornier.  Within the spine
industry, Mr. Rich has held sales leadership roles at Nuvasive,
where he was responsible for annual regional sales of ~$250M, and
was a partner in a DePuy Spine distributor in northern California.
Mr. Rich received a B.A. in Labor Relations from Rutgers
University.

New Commercial Leadership Background

Jon Allen has held numerous sales leadership and sales operations
positions in spine and orthopedics over his 27-year career in
medical devices, including most recently Vice President, Healthcare
Economics and Reimbursement, at Wright Medical where he had
oversight responsibilities for corporate accounts, product
positioning, and value creation.  Prior to joining Wright Medical,
Mr. Allen held senior executive leadership positions with Tornier
starting as Vice President, Sales Operations, and serving on
Tornier’s executive committee.  Additionally, Mr. Allen held
senior leadership roles within DePuy franchise where he was
responsible for developing pricing and commercial strategy, sales
channel management and subsequently owning a multi-state
distributorship for DePuy Spine.  Mr. Allen has a long standing
reputation being on the forefront of innovative and differentiated
initiatives in the spine and orthopedics industries.  In addition,
Mr. Allen has served as a consultant to leading orthopedic
companies working with U.S. Senators and the Senate Finance
Committee in addressing anti-conflict of interest legislation in
healthcare.

Dr. Amy Ables most recently served as vice president U.S. Training
and Education at Wright Medical, a position she has held since
2014.  From 2007 to 2014, she served a variety of senior leadership
roles at Tornier within medical education, clinical education,
sales training and product management.  Prior to this, she served
as Assistant Professor for the Department of Kinesiology at the
University of Texas, Arlington.  Dr. Ables holds a Ph.D. in
Biomechanics from Texas Woman's University and has published
several articles, books and presentations in the area of
kinesiology, sports medicine and medical devices.

Inducement Awards Granted

As an inducement to entering into employment with the Company, and
in accordance with NASDAQ Listing Rule 5635(c)(4) under Alphatec's
2016 Employment Inducement Award Plan, on Dec. 10, 2016, the
Compensation Committee of the Board of Directors approved the
following inducement awards:

   * Terry Rich -- 200,000 restricted stock units (RSUs) and an
     option to purchase 200,000 shares of common stock; and

   * Jon Allen -- 75,000 RSUs and an option to purchase 75,000
     shares of common stock; and

   * Amy Ables -- 25,000 RSUs and an option to purchase 25,000
     shares of common stock.

The RSUs and stock options were granted pursuant to Alphatec's 2016
Employment Inducement Award Plan.  Collectively, the RSUs and
options were granted as inducements material to the new employees
entering into employment with Alphatec in accordance with NASDAQ
Listing Rule 5635(c)(4).

The RSUs will vest in equal installments annually over four years
on each of the first four anniversaries of the grant date, assuming
in each case the employee remains continuously employed by Alphatec
as of such vesting date.  In addition, the RSUs will fully vest
upon a change in control of Alphatec.

The stock options will have an exercise price equal to the closing
price per share of Alphatec's common stock as reported by NASDAQ on
the date of grant.  The stock options will vest over four years,
with 25% of the options vesting on the anniversary of the date of
grant and the remainder of the options vesting monthly over the
subsequent three years, assuming in each case the employee remains
continuously employed by Alphatec as of such vesting date.  In
addition, the options will fully vest upon a change in control of
Alphatec.

The Board approved an amendment to the Plan to increase the shares
reserved for issuance thereunder by 600,000 shares, effective
Dec. 10, 2016, to accommodate the foregoing awards.

                    About Alphatec Holdings

Alphatec Holdings, Inc., is a medical technology company focused
on the design, development and promotion of products for the
surgical treatment of spine disorders.  The Company has a
comprehensive product portfolio and pipeline that addresses the
cervical, thoracolumbar and intervertebral regions of the spine and
covers a variety of spinal disorders and surgical procedures.  Its
principal product offerings are focused on the global market for
fusion-based spinal disorder solutions.  The Company believes that
its products and systems are attractive to surgeons and patients
due to enhanced product features and benefits that are designed to
simplify surgical procedures and improve patient outcomes.

Ernst & Young 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 has recurring
operating losses and has a working capital deficiency. In addition,
the Company has not complied with certain covenants of loan
agreements with its lenders and has significant debt obligations
due in December 2016.  These conditions raise substantial doubt
about the Company's ability to continue as a going concern.

As of Sept. 30, 2016, Alphatec had $96.02 million in total assets,
$134.23 million in total liabilities and a total stockholders'
deficit of $38.21 million.


ALPHATEC HOLDINGS: May Issue 600,000 Shares Under Award Plan
------------------------------------------------------------
Alphatec Holdings, Inc. filed a Form S-8 registration statement
with the Securities and Exchange Commission to register the offer
and sale of an additional 600,000 shares of common stock of the
Company for issuance under the 2016 Employment Inducement Award
Plan.  A full-text copy of the prospectus is available at:

                          goo.gl/0NRjuK

                    About Alphatec Holdings

Alphatec Holdings, Inc., is a medical technology company focused
on the design, development and promotion of products for the
surgical treatment of spine disorders.  The Company has a
comprehensive product portfolio and pipeline that addresses the
cervical, thoracolumbar and intervertebral regions of the spine and
covers a variety of spinal disorders and surgical procedures.  Its
principal product offerings are focused on the global market for
fusion-based spinal disorder solutions.  The Company believes that
its products and systems are attractive to surgeons and patients
due to enhanced product features and benefits that are designed to
simplify surgical procedures and improve patient outcomes.

Ernst & Young 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 has recurring
operating losses and has a working capital deficiency. In addition,
the Company has not complied with certain covenants of loan
agreements with its lenders and has significant debt obligations
due in December 2016.  These conditions raise substantial doubt
about the Company's ability to continue as a going concern.

As of Sept. 30, 2016, Alphatec had $96.02 million in total assets,
$134.23 million in total liabilities and a total stockholders'
deficit of $38.21 million.


AMERICAN GILSONITE: Wins Confirmation of Prepack Plan
-----------------------------------------------------
Judge Christopher S. Sontchi on Dec. 12 entered Findings of Fact
and Conclusions of Law and Order (I) Approving Debtors (A)
Disclosure Statement, (B) Solicitation of Votes and Voting
Procedures and (C) Form of Ballots, and (II) Confirming Joint
Prepackaged Chapter 11 Plan of Reorganization of American Gilsonite
Company and its Affiliated Debtors.

As reported by the Troubled Company Reporter, the Debtors filed the
Chapter 11 cases to "implement a prepackaged Chapter 11 plan of
reorganization that provides for a comprehensive balance sheet
restructuring of AGC's 11.5% second lien notes due 2017 with the
consent of certain second lien noteholders, preserves the
going-concern value of their businesses, maximizes creditor
recoveries, provides for an equitable distribution to the Debtors'
stakeholders and protects the jobs of the Debtors' employees."

The Restructuring only impairs the Second Lien Noteholders and
holders of AGHC Interests.  More specifically, pursuant to the
Prepackaged Plan, as contemplated by the Restructuring Support
Agreement, the Debtors and the Consenting RSA Parties have agreed
to a reorganization transaction that provides for certain Second
Lien Noteholders will provide a $30 million debtor-in-possession
financing facility that will be used, subject to Court approval,
to
pay the existing Prepetition Credit Agreement and provide the
Debtors with an additional $7.5 million of liquidity, with the
entire principal portion of the DIP Loans converting to an exit
term loan upon emergence from bankruptcy.

All Second Lien Noteholders will be offered the opportunity to
participate in the DIP Facility on a pro rata basis, but the Ad
Hoc
Group members have agreed to backstop the entire amount of the DIP
Facility.  In exchange for agreeing to backstop the DIP Facility,
the members of the Ad Hoc Group will receive a fee of 3.5% of the
total principal amount borrowed under the DIP Facility.

The Second Lien Notes will be canceled and, in exchange, Second
Lien Noteholders will receive (i) 98% of the new equity of
Reorganized AGC and (ii) $100 million in Subordinated Notes on a
pro rata basis.  Holders of AGHC Interests will receive 2% of the
new equity interests in Reorganized AGC.  

The Debtors' revolving lenders will also be paid out in full.

Holders of general unsecured claims, including trade vendors,
employees, and lease counterparties, will receive payment in full
on account of existing obligations in the ordinary course of
business.  

AGHC is a privately held company.  As of the Petition Date, AGC
(Delaware), LP, a subsidiary of Palladium Equity Partners III, LP
and Palladium Equity Partners III, LLC, holds approximately 98% of
the existing equity in AGHC.  The remaining approximately 2% of
the
AGHC Interests is owned by AGC/PEP LLC, which is jointly owned by
PEP III, LLC (0.0001%) and Prospect Capital Corporation
(99.9999%).
The remaining Debtors are all wholly-owned direct or indirect
subsidiaries of AGHC.

American Gilsonite filed a disclosure statement dated Oct. 19,
2016, for the Debtors' joint prepackaged plan of reorganization.
Under the Plan, Class 4 General Unsecured Claims are unimpaired and
will recover 100%.

The Disclosure Statement is available at:

           http://bankrupt.com/misc/deb16-12316-15.pdf

A copy of the Confirmation Order is available at:

          http://bankrupt.com/misc/deb16-12316-0174.pdf

                   About American Gilsonite

American Gilsonite Company -- http://www.americangilsonite.com/   
-- operates as an industrial minerals company and is the world's
primary miner and processor of uintaite, a variety of asphaltite,
a
specialty hydrocarbon which AGC markets to industrial customers
under its registered trademark name "Gilsonite."  AGC is a
privately held, portfolio company of Palladium Equity Partners
III,
L.P.

American Gilsonite Holding Company aka American Gilsonite,
American
Gilsonite Company, Lexco Acquisition Corp., Lexco Holding, LLC,
and
DPC Products, Inc., filed Chapter 11 petitions (Bankr. D. Del.
Case
Nos 16-12315 to 16-12319) on Oct. 24, 2016.  The petitions were
signed by Steven A. Granda, vice president, chief financial
officer.  

American Gilsonite estimated assets and debt at $100 million to
$500 million at the time of the filing.

The Debtors are represented by their local counsel Mark D.
Collins,
Esq., John H. Knight, Esq., Amanda R. Steele, Esq., and Andrew M.
Dean, Esq., at Richards, Layton & Finger, P.A., and their general
counsel Matthew S. Barr, Esq. and Sunny Singh, Esq., at Weil,
Gotshal & Manges LLP.  The Debtors retained Evercore Group L.L.C.
as their financing advisor, and FTI Consulting, Inc. as their
restructuring advisor.  Epiq Bankruptcy Solutions, LLC has been
tapped as administrative advisor.

The U.S. Trustee has been unable to appoint an official committee
of unsecured creditors in the case.

An ad hoc committee of beneficial holders, or investment advisors
or managers of beneficial holders of 11.5% Senior Secured Notes Due
2017 issued by American Gilsonite Company and its subsidiaries and
American Gilsonite Holding Company, is represented in the case by:

     Matthew B. Lunn, Esq.
     Robert F. Poppiti, Jr., Esq.
     YOUNG CONAWAY STARGATT & TAYLOR, LLP
     Rodney Square
     1000 North King Street
     Wilmington, DE 19801
     Telephone: (302) 571-6600
     Facsimile: (302) 571-1256

          - and -

     Kristopher M. Hansen, Esq.
     Erez E. Gilad, Esq.
     Matthew G. Garofalo, Esq.
     STROOCK & STROOCK & LAVAN LLP
     180 Maiden Lane
     New York, New York 10038
     Telephone: (212) 806-5400
     Facsimile: (212) 806-6006


AMERIGAS PARTNERS: Fitch Assigns 'BB' Sr Unsecured Notes Rating
---------------------------------------------------------------
Fitch Ratings has assigned a 'BB/RR3' rating to AmeriGas Partners,
LP's (APU) senior unsecured note offering due 2025. The notes are
being co-issued with AmeriGas Finance Corp. Proceeds are expected
to be used to repay in part AmeriGas Finance's outstanding notes
due in 2022, guaranteed by APU, and for general partnership
purposes. Fitch believes the proposed debt tender transaction to be
marginally positive for APU, with the potential for modest interest
savings and the extension of some debt maturities.

Fitch's Long-Term Issuer Default Rating (IDR) for APU and its fully
guaranteed financing co-borrower, AmeriGas Finance Corp. is 'BB'.
The Rating Outlook is Stable.

APU's ratings reflect the underlying strength and size of its
retail propane distribution network, broad geographic reach,
adequate credit metrics, and proven ability to manage unit margins
under various operating conditions. APU's financial performance
remains sensitive to weather conditions and general customer
conservation, and the partnership must continue to manage volatile
supply costs and customer conservation.

Fitch believes APU management has exhibited its ability and intent
to maintain a stable balance sheet and consistent credit metrics
even in the face of varying market conditions and growth through
acquisitions. APU has proven adept at managing operating costs,
distribution policies, and integrating acquisitions.

KEY RATING DRIVERS

Scale of Business: APU is the largest retail propane distributor in
the country, providing it with significant customer and geographic
diversity. This broad scale and diversity helps to dampen the
weather related volatility of cash flows. APU is the largest retail
propane distributor in the United States with an estimated 15%
market share serving approximately 1.9 million customers. AmeriGas
has approximately 2,000 locations in all 50 states. Retail gallon
sales are fairly evenly distributed by geography limiting the
impact that unseasonably warm weather could have on a regional
basis.

High Degree of Seasonality: A high percentage of APU's earnings are
derived in the first two quarters of each fiscal year (September
fiscal year-end). APU's 2016 results were negatively impacted by an
abnormally warm winter season nationally, given the effect of last
winter's El Nino weather pattern. Fitch notes that while a repeat
of last year's El Nino warmer winter weather has a low probability
of repeating, APU's business nevertheless remains sensitive to
weather fluctuations and highly dependent on the winter heating
season. APU's cylinder exchange business affords some seasonal
diversity, and national accounts are a steady year round earnings
provider.

Customer Conservation/Attrition: Fitch's primary concern about the
retail propane industry continues to be customer conservation and
attrition. Customer conservation and switching to electric heat
reduces propane demand during high usage periods. Recent propane
price declines and expectations for some price stability at or near
current low levels have alleviated some conservation demand
destruction. Electricity remains the largest competing heat source
to propane, but customer migration to natural gas remains a
longer-term competitive factor as natural gas utilities look to
build out systems to serve areas previously only served by propane
and electricity providers.

KEY ASSUMPTIONS

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

   -- Retail and wholesale sales consistent with recent history;

   -- Retail and wholesale pricing consistent with current
      pricing, prices rising modestly (approximately 1% to 2% per
      year) in the outer years;

   -- Growth and maintenance capital spending between $115 million
  
      and $125 million annually.

RATING SENSITIVITIES

Positive: Future developments that may, individually or
collectively, lead to positive rating action include:
  
   -- If leverage (debt/EBITDA) were to improve to between 3.0x to

      3.5x on a sustained basis and distribution coverage were
      expected to remain 1.1x or above on a sustained basis, Fitch
  
      would consider a positive ratings action.

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

   -- Leverage above 4.5x on a sustained basis, with distribution
      coverage below 1.0x would likely lead to a rating downgrade.

   -- Accelerating deterioration in declining customer, margin and

      or volume trends could lead to a negative ratings action.

LIQUIDITY

Liquidity is adequate, and maturities are manageable. APU's
liquidity is supported by a $525 million revolving credit facility
that is typically used to fund any short-term borrowing needs.
APU's short-term borrowing needs are seasonal and are typically
greatest during the fall and winter heating-season months due to
the need to fund higher levels of working capital. Availability
under the revolver at Sept. 30, 2016 was $304.6 million.

The offering and the proposed tender is expected to push the
maturities of approximately half of the 2022 notes to 2025, greatly
reducing near-term refinancing needs. Fitch does not expect APU to
require any external financing and leverage should remain fairly
constant between 3.5x and 4.0x (debt/EBITDA).

FULL LIST OF RATING ACTIONS

   -- Fitch rates APU's offering of senior unsecured notes
      'BB/RR3.'

Fitch currently rates APU as follows:

   AmeriGas Partners, L.P./AmeriGas Finance Corp.

   -- Long-Term IDR 'BB';

   -- Senior unsecured debt 'BB/RR3'.

The Rating Outlook is Stable.


AMERIGAS PARTNERS: Moody's Assigns Ba3 Rating on New $550MM Notes
-----------------------------------------------------------------
Moody's Investors Service assigned a Ba3 rating to AmeriGas
Partners, L.P.'s proposed $550 million senior unsecured notes due
2025.  AmeriGas' other ratings and stable outlook were unchanged.
Net proceeds from this offering will be used to tender a portion of
the 7% senior notes due 2022.

"This is a leverage neutral transaction," said Sajjad Alam, Moody's
Senior Analyst. "However, these 2025 notes will lighten AmeriGas'
2022 refinancing needs."

Issuer: AmeriGas Partners, L.P.

Assignments:
  Senior Unsecured Regular Bond/Debenture due 2025, Assigned Ba3,
   LGD4, 60%

                         RATINGS RATIONALE

The proposed unsecured notes will rank equally in right of payment
with Amerigas' existing 2024 and 2026 senior notes.  The new notes
were assigned a Ba3 rating, a notch below the Ba2 Corporate Family
Rating (CFR), given the size of the priority claim credit facility
in AmeriGas' capital structure.  Any remaining balance on the
existing 7% 2022 notes will continue to be rated Ba2, one notch
above the new notes, as they have a Contingent Residual Support
Agreement with Energy Transfer Partners. L.P., a Baa3 rated
entity.

AmeriGas' Ba2 CFR reflects its leading market position in the US
propane distribution industry, broad geographic footprint in the
US, and increasing but manageable leverage profile.  The CFR also
considers the seasonal and volatile nature of propane sales, the
challenging dynamics of the propane distribution industry, which is
fragmented, highly competitive and slowly declining, and the Master
Limited Partnership (MLP) legal structure, which requires high cash
payouts to unitholders.

The stable outlook reflects AmeriGas' diversified and leading
market position in propane distribution and its manageable leverage
profile.  If AmeriGas is able to sustain a debt/EBITDA ratio below
3.5x and remain committed to the lower leverage threshold, an
upgrade could be considered.  If the debt/EBITDA ratio exceeds 5x,
the rating could be downgraded.  Any material debt funded
acquisitions or distributions would also pressure the CFR.

The principal methodology used in this rating was the "Global
Midstream Energy" published in December 2010.

AmeriGas Partners, L.P. is a publicly traded master limited
partnership that is the largest retail propane distributor in the
United States based on volumes of propane distributed annually.


ARCTIC CORNER: Hires Scott E. Kaplan as Attorney
------------------------------------------------
Arctic Corner, Inc., seeks authorization from the U.S. Bankruptcy
Court for the District of New Jersey to retain Law Office of Scott
E. Kaplan, LLC as attorney for Debtor-in-Possession.

The Debtor requires Kaplan to:

      a. analyze financial matters;

      b. prepare and file of necessary documents and pleadings;

      c. work in conjunction with other professionals to properly
develop and present for confirmation a viable, confirmable Chapter
11 plan.

Kaplan will be paid at these hourly rates:

      Attorney                  $300
      Associate Attorney        $250
      Paralegal/Clerical        $175

Scott E. Kaplan, Esq., member of Law Office of Scott E. Kaplan,
LLC, 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
estates.

Kaplan may be reached at:

      Scott E. Kaplan, Esq.
      Law Office of Scott E. Kaplan, LLC
      12 North Main Street
      PO Box 157
      Allentown, NJ 08501
      Phone: (609) 259-1112

                           About Arctic Corner, Inc.

Arctic Corner, Inc. filed a Chapter 11 bankruptcy petition (Bankr.
D.N.J.. Case No. 16-32469) on November 25, 2016. Scott E. Kaplan,
Esq., at Law Office of Scott E. Kaplan, LLC serves as bankruptcy
counsel.

The Debtor's assets and liabilities are both below $1 million.



ARMADA WATER: Needs until January 18 to File Chapter 11 Plan
------------------------------------------------------------
Armada Water Assets, Inc. and its subsidiaries request for a 30-day
extension from the U.S. Bankruptcy Court for the Southern District
of Texas of the periods during which the Debtors have the exclusive
right to file and solicit acceptance of a plan of reorganization,
to January 18, 2017 and March 20, 2017, respectively.

The Debtors relate that they have initially requested a 120-day
extension due to the then-recent appointment of an official
committee of unsecured creditors and discovery of a previously
unknown Joint Development Agreement with RecyClean Consulting
Services, Inc. that could affect the technology that is a component
of the Debtors' business plan going forward.  The Debtors further
relate that the Court has granted them an extension of only 90 days
for each period, that would expire on December 19, 2016 and
February 17, 2017, respectively.

The Debtors also relate that since that time, they have made
progress toward the formulation of a plan of reorganization,
specifically, the Debtors have investigated the JDA and, together
with the Committee, have met and negotiated with RecyClean
regarding the subject technology.  Consequently, the Debtors and
RecyClean have reached an agreement in principle regarding a global
settlement of their mutual claims, which will be incorporated into
a plan of reorganization that is likely to have the support of the
Committee.

The Debtors contend that although they have reached agreements in
principle with RecyClean and the Committee regarding a term sheet
for a plan of reorganization, however, the specific terms of the
plan and associated documentation remain to be drafted.  The
Debtors further contend that pursuant to the terms of its
post-petition financing, drafting and subsequent prosecution of any
plan is subject to the approval of a proposed Phase 2 Budget, which
remains pending at this time.  Accordingly, the Debtors require
additional time to draft and file a plan premised upon these
developments

An expedited hearing on the Debtors' request has been set for
December 16, 2016 at 9:30 a.m.

                          About Armada Water Assets

Armada Water Assets, Inc., and its affiliates sought protection
under Chapter 11 of the Bankruptcy Code (Bankr. S.D. Tex. Lead Case
No. 16-60056) on May 23, 2016.  The petitions were signed by Tom
Breen, chief restructuring officer.  

The cases are pending joint administration before Judge David R.
Jones under proposed Lead Case No. 16-60056.  The Debtors estimated
assets and liabilities in the range of $10 million to $50 million.

Initially, the Debtors were represented by Benjamin Warren Hugon,
Esq., Veronica Faye Manning, Esq. and Hugh Massey Ray, III, Esq. at
McKool Smith, P.C., Houston, TX.  

The Debtors hire Pillsbury Winthrop Shaw Pittman LLP as its new
legal counsel.  Olsen Skoubye & Nielson, LLC as their special
counsel; and hire Barnet B. Skelton, P.C. as their as Conflicts
Counsel.

The U.S. Trustee for the Southern District of Texas on Aug. 18,
2016, appointed two creditors of Armada Water Assets, Inc., et al.,
to serve on the official committee of unsecured creditors.  The
committee members are: Pac-Van, Inc., and M & M Excavation Inc.
The Committee hires Hoover Slovacek LLP as its legal counsel.


BANK OF AMERICA: Fitch Affirms 'BB+' Preferred Stock Rating
-----------------------------------------------------------
Fitch Ratings has affirmed Bank of America's (BAC's) Long-Term and
Short-Term Issuer Default Ratings (IDR) at 'A'/'F1', respectively.
The Rating Outlook is Stable.

The rating affirmations have been taken in conjunction with Fitch's
periodic review of the Global Trading and Universal Banks (GTUBs).

KEY RATING DRIVERS

IDRs, VR, SENIOR DEBT, AND DERIVATIVE COUNTERPARTY RATING

Fitch's affirmation of BAC's ratings with a Stable Outlook are
reflective of the company's slowly improving earnings profile, a
strong liquidity position and satisfactory capital ratios.

In addition Fitch has assigned Derivative Counterparty Ratings
(DCRs) to Bank of America and to Bank of America, N.A., Merrill
Lynch International Bank Designated Activity Company (MLIBDAC),
Bank of America Merrill Lynch International Ltd, and Merrill Lynch
International as the entities have material derivatives activities
as part of its roll out of DCRs to significant derivative
counterparties in Western Europe and the U.S. DCRs are issuer
ratings and express Fitch's view of banks' relative vulnerability
to default under derivative contracts with third-party,
non-government counterparties. The DCR of each entity is equalized
with each entity's long-term IDR.

While the revenue and market environment remains challenging for
BAC and its peers, Fitch continues to believe that BAC's core
franchises will exhibit stronger earnings, aided by continued cost
reductions. The bank is focused on simplification and greater use
of technology to gain efficiencies among other initiatives.

While BAC operates a number of strong businesses such as Global
Wealth and Investment Management, Global Banking, and Global
Markets, Fitch believes sustained improvement in the company's
highly scalable good Consumer Banking operations could help to
significantly boost overall returns. As measured by both revenue
and earnings contribution, consumer banking remains BAC's largest
business segment.

Additionally, Fitch continues to expect BAC to continue to optimize
its overall branch network through branch closings, reformatted
branches, and corresponding headcount reductions across its branch
banking platform.

To the extent that management is able to realize efficiencies from
the efforts noted above, Fitch believes that BAC's overall
efficiency ratio could drop to the mid-to-high 60% range over the
medium-term time horizon. Should this be consistently reached, this
could lead to low double digit returns on equity, which would
narrow the gap between BAC's earnings and that of its peers.

Potentially giving a further boost to the company's earnings
performance is the potential for short-term interest rates to rise
more meaningfully. While the first 25 basis point rise in interest
rates in late 2015 had a muted impact on the company's results,
another 25 basis point increase this December could be
incrementally more meaningful.

What's more, should short-term interest rates reach 100 basis
points or higher over a medium-term time horizon, BAC may benefit
from a stronger growth in net interest income (NII) than some peers
given BAC's proportionately larger retail deposit base.

For example, a 100 basis point instantaneous parallel increase in
interest rates would result in an additional $5.3 billion of NII
over the next 12 months as of Sept. 30, which represents 33% of
2016 annualized net income. While there will be some impact on
accumulated other comprehensive income (AOCI) and therefore capital
from AOCI, Fitch believes this will be more than offset by higher
earnings.

BAC's liquidity position continues to be good and supported by its
very strong retail deposit base. Total deposits as of 3Q16 were
$1.2 trillion, or 64% of total liabilities. This is a key advantage
for the company relative to some peers, and is supportive of
today's actions.

BAC's capital position remains satisfactory for the company's
rating level, though it is below that of some of the other
institutions covered in this peer review. As of the end of the
third quarter of 2016 (3Q16), BAC's pro forma fully phased-in Basel
III Common Equity Tier 1 (CET1) ratio under the advanced approaches
(BAC's binding constraint) was 10.9%, up from 10.5% in the second
quarter of 2016. BAC's Fitch Core Capital Ratio as of 3Q16 was
10.3%.

This ratio is below the averages of peer institutions, though it
does incorporate a significant component of operational risk
weighted assets (RWA) in the denominator of the calculation, which
does add some conservatism to the ratio.

Additionally, BAC is in compliance with the Enhanced Supplementary
Leverage Ratio (SLR), which as of 3Q16 was 7.1% at the parent
company (5% requirement) and 7.5% (6% requirement) at its main bank
subsidiary, Bank of America, N.A. (BANA)

DERIVATIVE COUNTERPARTY RATING

Fitch has assigned a derivative counterparty rating (DCR) to BAC's
parent company as the entity has material derivatives activities.
The DCR of the parent company is equalized with the long-term IDR.

Fitch has also assigned DCRs to Bank of America and to Bank of
America, N.A., Merrill Lynch International Bank Designated Activity
Company (MLIBDAC), Bank of America Merrill Lynch International Ltd,
and Merrill Lynch International as the entities have material
derivatives activities.

SUBSIDIARY AND AFFILIATED COMPANY

The VRs remain equalized between BAC and its material operating
subsidiaries. The common VR of BAC and its operating companies
reflects the correlated performance, or failure rate between the
BAC and these subsidiaries.

However, the Long-Term IDRs for the material U.S. operating
entities are rated one notch higher than BACs Long-Term IDR to
reflect Fitch's belief that the U.S. single point of entry (SPE)
resolution regime, the likely implementation of total loss
absorbing capacity (TLAC) requirements for U.S. global systemically
important banks (G-SIBs), and the presence of substantial holding
company debt reduces the default risk of domestic operating
subsidiaries' senior liabilities relative to holding company senior
debt.

Additionally, The 'F1' Short-Term IDRs of BAC's bank subsidiaries
are at the lower of two potential Short-Term IDRs, mapping to an
'A' Long-Term IDR on Fitch's rating scale to reflect a greater
reliance on wholesale funding than some smaller institutions. BAC's
and its non-bank operating companies Short-Term IDRs at 'F1'
reflect Fitch's view that there is less surplus liquidity at these
entities than at the bank, particularly given their greater
reliance on the holding company for liquidity.

The MBNA Limited subsidiary is one notch below the IDR of BAC, as
Fitch views it as a strategically important subsidiary to the
overall franchise.

MATERIAL INTERNATIONAL SUBSIDIARIES

Merrill Lynch International (MLI) and Bank of America Merrill Lynch
International Limited (BAMLI) are wholly owned subsidiaries of BAC
whose IDRs and debt ratings are aligned with BHC's because of their
core strategic role in and integration into the BHC group.

Fitch revised the entities Positive Outlooks to Stable since
further clarity on host country internal TLAC proposals continues
to be delayed. At this time, it remains unclear whether the IDRs
will benefit from sufficient junior debt buffers at these
entities.

SUPPORT RATING AND SUPPORT RATING FLOOR

The SR and SRF for BAC reflect Fitch's view that senior creditors
cannot rely on receiving full extraordinary support from the
sovereign in the event that BAC becomes non-viable. In Fitch's
view, implementation of the Dodd Frank Orderly Liquidation
Authority legislation is now sufficiently progressed to provide a
framework for resolving banks that is likely to require holding
company senior creditors participating in losses, if necessary,
instead of or ahead of the company receiving sovereign support.

BAC's international entities have a support rating of '1', which is
reflective of Fitch's view of institutional support for the
entities.

SUBORDINATED DEBT AND OTHER HYBRID SECURITIES

Subordinated debt and other hybrid capital issued by BAC are all
notched down from the common VR in accordance with Fitch's
assessment of each instrument's respective non-performance and
relative loss severity risk profiles, which vary considerably.

BAC's subordinated debt is one notch down from BAC's VR, its
preferred stock is five notches from the VR, which encompasses two
notches for non-performance and three notches for loss severity,
and BAC's trust preferred stock is four notches from the VR,
encompassing two notches for non-performance and two notches for
loss severity.

Subordinated debt issued by the operating companies is rated at the
same level as subordinated debt issued by BAC reflecting the
potential for subordinated creditors in the operating companies to
be exposed to loss ahead of senior creditors of BAC.

DEPOSIT RATINGS

Deposit ratings are one notch higher than senior debt ratings
reflecting the deposits' superior recovery prospects in case of
default given depositor preference in the U.S. BAC's international
subsidiaries' deposit ratings are at the same level as their senior
debt ratings because their preferential status is less clear and
disclosure concerning dually payable deposits makes it difficult to
determine if they are eligible for U.S. depositor preference.

RATING SENSITIVITIES

VR, IDRs, SENIOR DEBT, AND DERIVATIVE COUNTERPARTY RATING

Fitch sees limited downside to BAC's ratings and notes that the
company's ratings are likely near the lower end of their potential
range.

Further upside to BAC's VR would likely be predicated on continued
earnings performance where BAC's returns consistently exceed those
of peers averages over an extended period.

This would likely require BAC to sustainably improve its efficiency
ratio to the high 50's through continued cost reduction
initiatives, the realization of revenue growth opportunities, and
higher short-term interest rates noted above. This may also cause
management to incrementally optimize its business mix by focusing
on less capital intensive businesses that carry higher returns such
as wealth and asset management.

Fitch believes that BAC's management should be able to execute on
its strategy and close the earnings gap relative to peer
institutions while maintaining healthy capital and liquidity
levels. However, should management be unable to achieve better
profitability over a longer-term time horizon, it is likely that
ratings would remain at current levels.

Downside risks to ratings, while not expected, include any
remaining litigation exposures or other unforeseen charges that
result in a significant net earnings loss, or if the company's
Fitch Core Capital, regulatory or tangible capital ratios begin to
meaningfully decline over a multi-quarter period.

Additionally, Fitch expects some credit deterioration across BAC's
credit portfolio given the industry's current credit metrics. Fitch
continues to believe that this eventual credit deterioration will
be absorbed within the context of the company's current earnings
performance.

However, if BAC's overall credit quality materially deteriorates
beyond peer results in consecutive quarters of net loss, or the
company experiences a severe and unexpected risk management
failure, this could also negatively impact the VR.

DERIVATIVE COUNTERPARTY RATING

DCRs are primarily sensitive to changes in the respective issuers'
long-term IDRs. In addition, they could be upgraded to one notch
above the IDR if a change in legislation (for example as recently
proposed in the EU) creates legal preference for derivatives over
certain other senior obligations and, in Fitch's view, the volume
of all legally subordinated obligations provides a substantial
enough buffer to protect derivative counterparties from default in
a resolution scenario.

SUBSIDIARY AND AFFILIATED COMPANY

All U.S. bank subsidiaries carry a common VR, regardless of size,
as U.S. banks are cross-guaranteed under the Financial Institutions
Reform, Recovery, and Enforcement Act (FIRREA). Thus subsidiary
ratings would be sensitive to any change in BAC's VR.

MATERIAL INTERNATIONAL SUBSIDIARIES

With the Rating Outlook revision to Stable, MLI and BAMLI ratings
are sensitive to the same factors that might drive a change in
BAC's VR.

MLI and BAMLI ratings are sensitive to the same factors that might
drive a change in BAC's IDRs.

SUPPORT RATING AND SUPPORT RATING FLOOR

Support ratings would be sensitive to any change in Fitch's view of
support. However, since support ratings were downgraded in May
2015, there is unlikely to be any change to support ratings.

BAC's international entities Support Rating of '1' is sensitive to
any change in Fitch's views of potential institutional support for
this entity.

SUBORDINATED DEBT AND OTHER HYBRID SECURITIES

Subordinated debt and other hybrid ratings are primarily sensitive
to any change in BAC's VR.

DEPOSIT RATINGS

BAC's deposit ratings are sensitive to any change in the IDRs,
which are sensitive to any change in the VRs, as the IDR receives a
one-notch uplift from the VR. Thus, deposit ratings are ultimately
sensitive to any change in the VR.

Fitch has affirmed the following ratings with Stable Rating
Outlooks:

   Bank of America Corporation

   -- Long-Term IDR at 'A'; Outlook Stable;

   -- Long-Term senior debt at 'A';

   -- Long-Term subordinated debt at 'A-';

   -- Long-Term market linked securities at 'A emr';

   -- Short-Term IDR at 'F1';

   -- Short-Term debt at 'F1';

   -- Viability Rating at 'a';

   -- Preferred stock at 'BB+'';

   -- Support at '5';

   -- Support floor at 'NF'.

   Bank of America N.A.

   -- Long-Term IDR at 'A+'; Outlook Stable;

   -- Long-Term senior debt at 'A+';

   -- Long-Term subordinated debt at 'A-';

   -- Short-Term IDR at 'F1';

   -- Short-Term debt at 'F1';

   -- Long-Term deposit rating at 'AA-';

   -- Short-Term deposits at 'F1+';

   -- Viability Rating at 'a';

   -- Support at '5';

   -- Support floor at 'NF'.

   Bank of America California, National Association

   -- Long-Term IDR at 'A+'; Outlook Stable;

   -- Short-Term IDR at 'F1';

   -- Viability Rating at 'a';

   -- Support at '5';

   -- Support floor at 'NF'.

   Merrill Lynch & Co., Inc.

   -- Long-Term senior debt at 'A';

   -- Long-Term market linked notes at 'A emr';

   -- Long-Term subordinated debt at 'A-';

   -- Short-Term debt at 'F1';

   Merrill Lynch, Pierce, Fenner & Smith, Inc.

   -- Long-Term IDR at 'A+'; Outlook Stable;

   -- Short-Term IDR at 'F1'.

   BofA Canada Bank

   -- Long-Term IDR at 'A'; Outlook Stable;

   -- Long-Term senior debt at 'A';

   -- Long-Term subordinated debt at 'A-';

   -- Short-Term IDR at 'F1'.

   MBNA Limited

   -- Long-Term IDR at 'A-'; Outlook Stable;

   -- Short-Term IDR at 'F1'

   -- Support at '1'.

   BofA Finance, LLC

   -- Long-Term senior debt at 'A'

   Merrill Lynch International Bank Designated Activity Company

   -- Long-Term IDR at 'A'; Outlook Stable;

   -- Short-Term IDR at 'F1';

   -- Support at '1'.

   Merrill Lynch B.V.

   -- Long-Term IDR at 'A'; Outlook Stable;

   -- Long-Term senior debt at 'A';

   -- Long-Term market linked securities at 'A emr';

   -- Support at '1'.

   Merrill Lynch & Co., Canada Ltd.

   -- Short-Term IDR at 'F1';

   -- Short-Term debt at 'F1'.

   BAC Canada Finance

   -- Long-Term IDR at 'A'; Outlook Stable;

   -- Long-Term senior debt at 'A';

   -- Short-Term IDR at 'F1';

   -- Support at '1'.

   Merrill Lynch Japan Finance GK.

   -- Long-Term IDR at 'A'; Outlook Stable;

   -- Long-Term senior debt at 'A';

   -- Short-Term IDR at 'F1';

   -- Short-Term debt at 'F1';

   -- Support at '1'.

   Merrill Lynch Japan Securities Co., Ltd.

   -- Long-Term IDR at 'A'; Outlook Stable;

   -- Short-Term IDR at 'F1';

   -- Support at '1'.

   Merrill Lynch S.A.

   -- Long-Term market linked securities at 'A emr'.

   Countrywide Financial Corp.

   -- Long-Term senior debt at 'A'.

   Countrywide Home Loans, Inc.

   -- Long-Term senior debt at 'A'.

   FleetBoston Financial Corp

   -- Long-Term subordinated debt at 'A-'.

   LaSalle Funding LLC

   -- Long-Term senior debt at 'A'.

   MBNA Corp.

   -- Long-Term subordinated debt at 'A-'.

   -- Short-Term debt at 'F1'.

   NationsBank Corp

   -- Long-Term senior debt at 'A';

   -- Long-Term subordinated debt at 'A-'.

   BAC Capital Trust VI-VII
   BAC Capital Trust XI - XV

   -- Trust preferred securities at 'BBB-'.

   BAC AAH Capital Funding LLC I - VII
   BAC AAH Capital Funding LLC IX - XIII

   -- Trust preferred securities at 'BBB-'.

   BankAmerica Capital III
   BankBoston Capital Trust III-IV
   Countrywide Capital III, V
   Fleet Capital Trust V
   MBNA Capital B
   NB Capital Trust III
   
   -- Trust preferred securities at 'BBB-'.

   Merrill Lynch Capital Trust I and III

   -- Trust preferred securities at 'BBB-'.

The following ratings have been affirmed and the Outlook has been
revised to Stable:

   Bank of America Merrill Lynch International Limited

   -- Long-Term IDR at 'A'; Outlook to Stable from Positive;

   -- Short-Term IDR at 'F1'.

   Merrill Lynch International

   -- Long-Term IDR at 'A'; Outlook to Stable from Positive;

   -- Short-Term IDR at 'F1';

   -- Support at '1'.

Fitch has assigned the following ratings:

   Bank of America Corporation
   Merrill Lynch International Bank Designated Activity Company
   Bank of America Merrill Lynch International Limited
   Merrill Lynch International

   -- Derivative Counterparty Rating 'A(dcr)'.

   Bank of America, N.A.

   -- Derivative Counterparty Rating 'A+(dcr)'.



BIG APPLE CIRCUS: U.S. Trustee Forms 3-Member Committee
-------------------------------------------------------
William Harrington, U.S. trustee for Region 2, on Dec. 12 appointed
three creditors of The Big Apple Circus, Ltd., to serve on the
official committee of unsecured creditors.

The committee members are:

     (1) Seiden Advertising
         112 Madison Avenue, 9th Floor
         New York, NY 10016
         Attn: Matt Seiden
         Tel: (646) 253-7204

     (2) The Taft Foundation
         1177 Avenue of the Americas, 24th Floor
         New York, NY 10036
         Attn: Shannon Prohaszka
         Tel: (914) 510-2896

     (3) Performance Food Group
         12650 E. Arapahoe Road, Bldg. D
         Centennial, CO 8012-3901
         Attn: Bradley Boe, Director of Credit

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

                   About The Big Apple Circus

Founded in 1977 by Paul Binder and Michael Christensen, The Big
Apple Circus, Ltd., is a Type B not-for-profit corporation
performing circus and school for the instruction and artistic
development of circus arts.  The Big Apple Circus, Ltd. filed a
chapter 11 petition (Bankr. S.D.N.Y. Case No. 16-13297) on Nov. 20,
2016.  The petition was signed by Will Maitland Weiss, executive
director.  The Debtor is represented by Natasha M. Labovitz, Esq.
and Christopher Updike, Esq., at Debevoise & Plimpton LLP.  The
Debtor estimated assets and liabilities at $1 million to $10
million at the time of the filing.


BILL BARRETT: Signs Underwriting Agreement with J.P. Morgan
-----------------------------------------------------------
Bill Barrett Corporation entered into an underwriting agreement
with J.P. Morgan Securities LLC, as representative of the several
underwriters named therein in connection with the issuance and sale
of 13,500,000 shares of the Company's common stock, par value
$0.001 per share in a public offering.  The closing of the sale of
the Shares occurred on Dec. 12, 2016, at a purchase price per share
paid to the Company of $7.0855 (the offering price to the public of
$7.40 per share minus the Underwriters' discount of $0.3145 per
share).  Pursuant to the Underwriting Agreement, the Company
granted the Underwriters an option to purchase up to an additional
2,025,000 Shares for a period of 30 days from the date of the
Underwriting Agreement.  On Dec. 8, 2016, the Underwriters
exercised in full their option to purchase 2,025,000 additional
shares, bringing the total offering to 15,525,000 shares.  The net
proceeds from the offering will be approximately $109.7 million,
after deducting the underwriting discount and other offering
expenses payable by the Company.

The Shares were offered and sold pursuant to the Company's
effective Registration Statement on Form S-3 (Registration No.
333-205230), previously filed with the Securities and Exchange
Commission.

The Underwriting Agreement contains customary representations,
warranties and agreements by the Company and customary conditions
to closing, obligations of the parties and termination provisions.
Additionally, the Company has agreed to indemnify the Underwriters
against certain liabilities, including liabilities under the
Securities Act of 1933, or to contribute to payments the
Underwriters may be required to make due to any such liabilities.

                       About Bill Barrett

Bill Barrett Corporation is an independent energy company that
develops, acquires and explores for oil and natural gas resources.
All of the Company's assets and operations are located in the Rocky
Mountain region of the United States.

Bill Barrett reported a net loss of $488 million in 2015 following
net income of $15.08 million in 2014.

As of Sept. 30, 2016, Bill Barrett had $1.33 billion in total
assets, $826.4 million in total liabilities and $509.2 million in
total stockholders' equity.

                            *    *    *

As reported by the TCR on June 10, 2016, Moody's Investors Service
affirmed Bill Barrett Corporation's (Bill Barrett) Caa2 Corporate
Family Rating (CFR) and revised the Probability of Default Rating
(PDR) to 'Caa2-PD/LD' from 'Caa2-PD.'  "Bill Barrett's debt for
equity exchange achieved some reduction in its overall debt burden,
but the company's cash flow and leverage metrics continue to remain
challenged as its hedges roll off in 2017," commented Amol Joshi,
Moody's vice president.

As reported by the TCR on July 13, 2016, S&P Global Ratings raised
the corporate credit rating on Denver-based oil and gas exploration
and production company Bill Barrett Corp. to 'B-' from 'SD'.  The
rating outlook is negative.  "The upgrade reflects our reassessment
of the company's corporate credit rating following the
debt-for-equity exchange of its 7.625% senior unsecured notes due
2019, and also reflects our expectation that there will be no
further distressed exchanges over the next 12 months," said S&P
Global Ratings credit analyst Kevin Kwok.


C&J ENERGY: Smart Sand Assigns Claim to Third Parties for $6.6M
---------------------------------------------------------------
Smart Sand, Inc. on Dec. 14, 2016, disclosed that the Company has
entered into a new $45 million senior secured revolving credit
facility ("Revolving Credit Facility"), with Jefferies Finance LLC
serving as the sole lead arranger, bookrunner, administrative agent
and collateral agent.  The Revolving Credit Facility has a
three-year term, with a scheduled maturity date of December 8,
2019.  The Revolving Credit Facility bears interest at a rate of
LIBOR plus an applicable margin ranging from 3.00% to 4.00% that
varies with the Company's leverage ratio.  The Revolving Credit
Facility replaces the Company's prior revolving credit facility
which was paid off and terminated on November 9, 2016, with
proceeds generated from its initial public offering ("IPO") on
November 3, 2016.  The Company believes that availability under
this facility, together with the proceeds generated through its
IPO, will provide the Company with the financial flexibility
necessary to support its current operations and corporate growth
objectives.  Additionally, the Company disclosed that it has
assigned its general unsecured claim in the CJ Holdings Co., et.
al. Chapter 11 Reorganization to third parties for $6.6 million.

In August 2016, C & J Energy Services Inc., rejected its product
purchase agreement with the Company and demanded a refund of
certain prepayments made under the contract prior to the bankruptcy
filing.  The Company pursued a claim for damages in the bankruptcy
proceeding and ultimately entered into a settlement agreement
resulting in the Company being granted a $12 million general
unsecured claim in the CJ Holdings Co. Chapter 11 Reorganization.

On December 9, 2016, third parties agreed to purchase the Company's
general unsecured claim for $6.6 million which amount was paid in
full on December 12, 2016.  

                       About C&J Energy

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

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

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

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


CAESARS ENTERTAINMENT: Court OKs Investment Deal with Accel
-----------------------------------------------------------
BankruptcyData.com reported that the U.S. Bankruptcy Court issued
an order approving Caesars Entertainment Operating Company's motion
to pursue an investment opportunity in Accel Entertainment.  As
previously reported, "Pursuant to the agreed-upon terms, the
Debtors would acquire a 10 percent equity stake in Accel (on a
fully diluted basis) for approximately $18 million, subject to
certain adjustments . . . .   At closing, CEOC shall pay each
selling shareholder or Accel, as applicable, $42.65 per share
purchased, which price shall be subject to adjustment by (a)
multiplying Accel's final TTM EBITDA ending on the date that is one
month after December 31, 2016 (the 'Adjustment Date') by an
agreed-upon multiple and making customary adjustments for Accel's
final net debt, working capital, and similar items on the
Adjustment Date, and (b) dividing the amount determined in clause
(a) by the fully diluted number of shares of Accel outstanding as
of the Adjustment Date."

                   About Caesars Entertainment

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

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

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

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

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

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

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

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

                         *     *     *

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

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

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


CCH JOHN EAGAN: Court Moves Solicitation Period Thru Confirmation
-----------------------------------------------------------------
Judge Erik P. Kimball of the U.S. Bankruptcy Court for the Southern
District of Florida extended the exclusive period for CCH John
Eagan II Homes, L.P. to solicit acceptances of its Chapter 11 Plan
through and including the date of confirmation, which is currently
scheduled for January 12, 2017.

                         About CCH John Eagan
     
Headquartered in Palm Beach Gardens, Florida, CCH John Eagan II
Homes, L.P., owns and operates a 180 unit multifamily apartment
complex in Atlanta, Georgia commonly known as Magnolia Park
Apartments Phase II.  It filed for Chapter 11 bankruptcy protection
(Bankr. S.D. Fla. Case No. 15-31082) on Dec. 1, 2015.  The petition
was signed by Yashpal Kakkar, managing member, CCH John Eagan II
Partners, LLC, GP.  Judge Erik P. Kimball presides over the case.

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

The Debtor is represented by Eric A. Rosen, Esq., at Fowler White
Burnett, P.A. Robert P. Hein, Esq., of Robert P. Hein, P.C. and
Fowler, Hein, Cheatwood & Williams, P.A., serve as the Debtor's
special counsel evictions attorney. The Debtor employs Robert Ryan,
MAI, of Meridian Advisors, as appraiser.

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


CITIGROUP INC: Fitch Affirms 'BB+' Preferred Stock Rating
---------------------------------------------------------
Fitch Ratings has affirmed Citigroup Inc.'s (Citi) Viability Rating
(VR) at 'a' and Long-Term Issuer Default Rating (IDR) at 'A'. Fitch
has also affirmed Citibank, N.A.'s VR at 'a' and IDR at 'A+'. The
Rating Outlooks for the Long-Term IDRs are Stable.

Citi's Long-Term IDR is driven by its VR, which Fitch has affirmed
at 'a'. Fitch's affirmation of Citi's domestic operating
subsidiaries' IDRs at one notch above their VRs reflects the
expected implementation of total loss absorbing capacity (TLAC)
requirements for U.S. Global Systemically Important Banks (G-SIBs)
and the presence of a substantial debt buffer in the holding
company.

In addition Fitch has assigned Derivative Counterparty Ratings
(DCRs) to Citigroup and to Citibank, N.A., Citigroup Global Markets
Limited, and Citigroup Global Markets, Inc. as part of its roll out
of DCRs to significant derivative counterparties in Western Europe
and the U.S. DCRs are issuer ratings and express Fitch's view of
banks' relative vulnerability to default under derivative contracts
with third-party, non-government counterparties.

Fitch affirmed Citi's ratings in conjunction with its periodic
review of the Global Trading and Universal Banks (GTUBs).

KEY RATING DRIVERS - IDRs, VR AND SENIOR DEBT

The affirmation of Citigroup's VR reflects Citi's solid capital and
liquidity levels. Fitch views favorably Citi's successful execution
of its strategy to become a smaller, simpler and safer bank. Citi's
earnings reflect an overall improving trend over the past few
years, though is still pressured by various headwinds including a
low interest rate environment and relatively lackluster economic
growth. Citi's complexity of operations, exposure to more volatile
capital markets revenues, and weaker relative asset quality and
earnings offset these ratings strengths.

Citi's capital ratios continue to remain very good. The company's
Common Equity Tier 1 under Basel III on a fully phased-in basis
increased again to 12.6% at Sept. 30, 2016. The 96 bps improvement
from a year ago was due primarily to net income, a smaller balance
sheet, and utilization of the DTA, partially offset by share
buybacks and dividends. A large portion of Citi's sizeable DTA is
excluded from regulatory capital.

Fitch expects Citi will likely maintain a buffer of between 50bps
and 100bps above the fully phased-in CET1 requirement of 10%, which
is inclusive of its G-SIB surcharge of 3%. Fitch views this buffer
as appropriate, particularly in light of potential impacts to
unrealized gains under a rising rate environment. Citi has
continued to build capital over the past several years but will
likely decrease over the intermediate to long term.

Citi's liquidity profile is a secondary key rating driver,
underpinning its VR. Citi has considerably bolstered its amount of
liquid assets and reduced its reliance on short-term borrowings
over the last several years. The company's liquidity profile
remains strong, providing support to Citi's ratings. Citi reported
$404 billion in average cash and unencumbered liquid securities at
Sept. 30, 2016, or 22% of total assets.

Fitch also views Citi's successful execution of its strategic plans
favorably. The company continues to make progress on the strategy
that was originally laid out in 2013 as the company focuses on
being a smaller, simpler, and safer bank. In particular, the bank
recently announced the sales of it consumer businesses in Argentina
and Brazil.

In early October, Citi also renewed its commitment to Mexico by
pledging $1 billion in additional investments over the next four
years, and rebranding the bank Citibanamex. Despite the unexpected
outcome of the presidential election, Citi recently reaffirmed its
views regarding the favorable long-term prospects for its
operations in Mexico.

Citi has successfully navigated various currency fluctuations
throughout the year, including modest impacts to the P&L, and Fitch
expects financial results will not be materially impacted by the
dramatic declines of the peso following the outcome of the election
given Citi's competency in hedging CET1 from currency risk.

Offsetting the strong capital and liquidity profiles, consolidated
credit risk ratios for Citi remain higher than some peers despite
an improving overall trend over the past several years. Fitch
attributes some of Citi's weaker relative asset quality profile to
its high balance of troubled debt restructurings (TDRs), as well as
its exposure to higher loss content credit card loans and emerging
markets.

Given Citi's higher loss content credit card book and emerging
markets exposure, loan losses tend to be higher than peer averages.
Fitch expects loan losses may increase for the industry given the
very benign credit environment and unsustainably low levels of
credit losses.

The complexity of global operations and a reliance on more volatile
capital markets revenues, which on average account for around 25%
revenues, serve as constraints to upwards movement in ratings. Citi
has physical operations in 97 countries and jurisdictions, and
serves clients in more than 160 clients. While Citi's global
franchise (particularly its Treasury & Trade Solutions and fixed
income businesses) are strong, Fitch views Citi's expansive and
complex operations as presenting elevated operational risk.

Citi's earnings profile and ROE in particular, continues to lag
large bank averages. For the nine months ending Sept. 30, 2016,
Citi reported a ROE of 7.1%, as compared to an average of greater
than 9% for U.S. banks with greater than $250bn in assets. Fitch
expects that Citi's earnings will continue to remain pressured
given various global headwinds, including low interest rates,
modest economic growth, and political uncertainties.

The VRs remain equalized between Citi and its material operating
subsidiaries, including Citibank, N.A. The common VR of Citi and
its operating companies reflects the correlated performance, or
failure rate between the Citi and these subsidiaries. Fitch takes a
group view on the credit profile from a failure perspective, while
the IDR reflects each entity's non-performance (default) risk on
senior debt. Fitch believes that the likelihood of failure is
roughly equivalent, while the default risk at the operating company
would be lower given the resolution regime and total loss absorbing
capacity (TLAC). All U.S. bank subsidiaries carry a common VR,
regardless of size, as U.S. banks are cross-guaranteed under the
Financial Institutions Reform, Recovery, and Enforcement Act
(FIRREA).

The Long-Term IDRs for the material U.S. operating entities are one
notch above Citi's to reflect Fitch's belief that the U.S. single
point of entry (SPE) resolution regime, the likely implementation
of TLAC requirements for U.S. G-SIBs, and the presence of
substantial holding company debt reduces the default risk of
domestic operating subsidiaries' senior liabilities relative to
holding company senior debt. In Fitch's view these buffers would
provide substantial protection to senior unsecured obligations in
the domestic operating entities in the event of group resolution,
as they could be used to absorb losses and recapitalize operating
companies. Therefore, substantial holding company debt reduces the
likelihood of default on operating company senior obligations.

KEY RATING DRIVERS- SUPPORT RATING AND SUPPORT RATING FLOOR

The support rating (SR) and support rating floor (SRF) reflect
Fitch's view that senior creditors can no longer rely on receiving
full extraordinary support from the sovereign in the event that
Citi becomes non-viable. Fitch believes implementation of the Dodd
Frank Orderly Liquidation Authority legislation is now sufficiently
progressed to provide a framework for resolving banks that is
likely to require holding company senior creditors participating in
losses, if necessary, instead of or ahead of the company receiving
sovereign support.

KEY RATING DRIVERS - SUBORDINATED DEBT AND OTHER HYBRID SECURITIES

Subordinated debt and other hybrid capital issued by Citi and its
subsidiaries are all notched down from the common VR in accordance
with Fitch's assessment of each instrument's respective
non-performance and relative loss severity risk profiles, which
vary considerably.

Subordinated debt issued by the operating companies is rated at the
same level as subordinated debt issued by Citi reflecting the
potential for subordinated creditors in the operating companies to
be exposed to loss ahead of senior creditors in Citi. Subordinated
lower Tier 2 debt is rated one notch below the VR for loss
severity, reflecting below average recoveries.

Legacy Tier 1 securities are generally rated four notches below the
VR, made up of two notches for high loss severity relative to
average recoveries, and two further notches for non-performance
risk, reflecting the fact that coupon omission is not fully
discretionary.

High and low trigger contingent capital Tier 1 instruments are
rated five notches below the VR. The issues are notched down twice
for loss severity, reflecting poor recoveries as the instruments
can be converted to equity or written down well ahead of
resolution. In addition, they are also notched down three times for
very high non-performance risk, reflecting fully discretionary
coupon omission.

KEY RATING DRIVERS - DEPOSIT RATINGS

Deposit are rated one notch higher than senior debt reflecting the
deposits' superior recovery prospects in case of default given
depositor preference in the U.S.

Citi's international subsidiary, Citibank Canada's deposit ratings
are at the same level as senior debt ratings because their
preferential status is less clear and disclosure concerning dually
payable deposits makes it difficult to determine if they are
eligible for U.S. depositor preference.

KEY RATING DRIVERS - SUBSIDIARIES

Citigroup Global Markets Holdings Inc., Citigroup Global Markets
Limited, Citigroup Global Markets Inc., Citigroup Derivatives
Services LCC, Citibank Canada, Citibank Japan Ltd, CitiFinancial
Europe plc, Citigroup Global Markets Funding Luxembourg, and
Citibank Europe plc are wholly owned subsidiaries of Citi or
Citibank, N.A.

These subsidiaries' IDRs and debt ratings are aligned with Citi or
Citibank, N.A., reflecting Fitch's view that these entities are
integral to Citi's business strategy and operations. Their ratings
would be sensitive to the same factors that might drive a change in
Citi's IDR.

The Rating Outlook for Citi's material international operating
companies' IDRs has been revised to Stable from Positive since
further clarify on host country internal TLAC proposals has
continued to be delayed.

This includes Citigroup Global Markets Limited, Citibank Canada,
Citibank Japan Ltd, Citibank Europe plc, and Citigroup Global
Markets Funding Luxembourg.

Domestic subsidiaries and international subsidiaries that have not
been upgraded are, in Fitch's opinion, not sufficiently material to
benefit from domestic support from Citi or are international
subsidiaries that would not benefit from internal TLAC. This
includes Citigroup Global Markets Holdings Inc., Citigroup
Derivatives Securities LLC, and CitiFinancial Europe PLC.

Fitch has affirmed and withdrawn the ratings of Citigroup
Derivatives Securities LCC and CitiFinancial Europe PLC as these
entities no longer exist.

KEY RATING DRIVERS - DERIVATIVE COUNTERPARTY RATING

Fitch has assigned a Derivative Counterparty Rating (DCR) of
'A+(dcr)' to Citibank, N.A and Citigroup Global Markets Inc. and 'A
(dcr)' to Citigroup, Inc. and Citigroup Global Markets Limited. A
DCR expresses Fitch's view of a bank's relative vulnerability to
default under derivative contracts with third-party, non-government
counterparties.

DCRs have been assigned to these companies because they have
significant derivatives activity. The DCRs are at the same level as
the respective companies' Long-Term IDRs because they have no
definitive preferential status over other senior obligations in a
resolution scenario.

RATING SENSITIVITIES - IDRs, VR AND SENIOR DEBT

Fitch sees limited near-term upward VR momentum given a relatively
high and absolute rating. The company's complex organizational
structure and reliance on more volatile capital markets revenues
act as key constraints to further upward movement of the ratings.
Citigroup's IDRs and senior debt are sensitive to any changes in
the VR, while Citibank's IDR and senior debt are sensitive to
changes in our view of the buffer created by the U.S. single point
of entry (SPE) resolution regime, the implementation of TLAC
requirements for
U.S. G-SIBs, and the presence of substantial holding company debt,
which serve to reduce the default risk of domestic operating
subsidiaries' senior liabilities relative to holding company senior
debt.

Downward pressure on the VR could result from a material
deterioration in capital or liquidity levels. The strength of the
liquidity and capital profiles underpins Citi's ratings. Today's
affirmations incorporate Fitch's expectation that Citi will manage
its capital and liquidity profiles relatively conservatively, and
although capital distributions will likely increase over time, they
will still be governed by regulatory stress testing and as such,
remain reasonable.

While there is no outsized reliance on a single market outside of
the U.S., if there are issues related to economic slowdowns or
political unrest in a particular emerging market, it is possible
there may be effects for Citi. The secondary effects of a slowdown
in a particular country, and those cascading impacts on the global
economy are much harder to quantify and assess for any implications
to Citi or its peers.

Any unforeseen outsized fines, settlements or other legal-related
charges could have adverse rating implications for Citi. There is
very little visibility into ultimate legal-related risk for Citi or
the industry, though Fitch expects litigation costs will remain
manageable relative to capital for Citi. A fine that was to deplete
capital in a material way could lead to a negative rating action.

Citi's ratings could be vulnerable to a large operational loss or
if an operational event calls into question Fitch's assessment of
Citi's risk management function and its ability to accurately
identify, monitor, and mitigate risks throughout the organization.


SENSITIVITIES - SUPPORT RATING AND SUPPORT RATING FLOOR

The SR and SRF reflect Fitch's view that senior creditors can no
longer rely on receiving full extraordinary support from the
sovereign in the event that Citi becomes non-viable. In Fitch's
view, implementation of the Dodd Frank Orderly Liquidation
Authority legislation is now sufficiently progressed to provide a
framework for resolving banks that is likely to require holding
company senior creditors participating in losses, if necessary,
instead of or ahead of the company receiving sovereign support.

Any upward revision to the SR and SRF would be contingent on a
positive change in the U.S.'s propensity to support its banks.
While not impossible, this is highly unlikely in Fitch's view.

SENSITIVITIES - SUBORDINATED DEBT AND OTHER HYBRID SECURITIES

These ratings are primarily sensitive to any change in the VR. The
securities' ratings are also sensitive to a change in their
notching, which could arise if Fitch changes its assessment of the
probability of their non-performance relative to the risk captured
in the issuers' VRs. This may reflect a change in capital
management in the group or an unexpected shift in regulatory buffer
requirements, for example.

SENSITIVITIES - DEPOSIT RATINGS

Deposit ratings are sensitive to changes in senior debt ratings.

SENSITIVITIES - SUBSIDIARIES

The IDRs of Citigroup Global Markets Holdings Inc., Citigroup
Global Markets Limited, Citigroup Global Markets Inc., Citibank
Canada, Citibank Japan Ltd, Citibank Europe plc, Citigroup Global
Markets Funding Luxembourg, and Citigroup Global Markets Holding
Inc. are sensitive to a change in Citi's VR. Their IDRs are also
sensitive to changes in our view of the Citi's ability or
propensity to provide support to these entities.

SENSITIVITIES - DERIVATIVE COUNTERPARTY RATING

DCRs are primarily sensitive to changes in the respective issuers'
long-term IDRs. In addition, they could be upgraded to one notch
above the IDR if a change in legislation (for example as recently
proposed in the EU) creates legal preference for derivatives over
certain other senior obligations and, in Fitch's view, the volume
of all legally subordinated obligations provides a substantial
enough buffer to protect derivative counterparties from default in
a resolution scenario.

Fitch has affirmed the following ratings:

   Citigroup Inc.

   -- Long-Term IDR at 'A'; Outlook Stable;

   -- Senior unsecured at 'A';

   -- Short-Term IDR at 'F1';

   -- Subordinated at 'A-';

   -- Preferred at 'BB+';

   -- Market-linked notes at 'A(emr)';

   -- Viability Rating at 'a';

   -- Support at '5';

   -- Support floor at 'NF'.

   Citibank, N.A.

   -- Long-Term IDR at 'A+'; Outlook Stable;

   -- Long-Term deposits at 'AA-';

   -- Short-Term deposits at 'F1+';

   -- Viability rating at 'a';

   -- Short-Term IDR at 'F1'.

   -- Support at '5';

   -- Support floor at 'NF'.

   Banamex USA

   -- Long-Term IDR at 'A+'; Outlook Stable;

   -- Long-Term deposits at 'AA-';

   -- Short-Term deposits at 'F1+';

   -- Short-Term IDR at 'F1';

   -- Subordinated debt at 'A-';

   -- Viability Rating at 'a';

   -- Support at '5';

   -- Support floor at 'NF'.

   Citigroup Funding Inc.

   -- Senior unsecured at 'A';

   -- Short-Term debt at 'F1'.

   Citigroup Global Markets Holdings Inc.

   -- Long-Term IDR at 'A'; Outlook Stable;

   -- Senior unsecured at 'A';

   -- Short-Term IDR at 'F1';

   -- Short-Term debt at 'F1'.

   Citigroup Global Markets, Inc.

   -- Long-Term IDR at 'A+'; Outlook Stable;

   -- Senior Secured at 'A+';

   -- Short-Term IDR at 'F1';

   -- Short-Term debt at 'F1'.

   Citigroup Global Markets Limited

   -- Long-Term IDR 'A'; Outlook revised to Stable from Positive;

   -- Short-Term IDR 'F1';

   -- Senior unsecured long-term notes 'A';

   -- Short-Term debt at 'F1'.

   Citibank Canada

   -- Long-Term IDR at 'A'; Outlook revised to Stable from
      Positive;

   -- Long-Term deposits at 'A'.

   Citibank Japan Ltd.

   -- Long-Term IDR (foreign currency) at 'A'; Outlook revised to
      Stable from Positive;

   -- Short-Term IDR (foreign currency) at 'F1';

   -- Long-Term IDR (local currency) at 'A'; Outlook revised to
      Stable from Positive;

   -- Short-Term IDR (local currency) at 'F1';

   -- Support at '1'.

   Canada Square Operations Limited (formerly Egg Banking plc)

   -- Subordinated at 'A-'.

   Citibank Europe plc

   -- Long-Term IDR at 'A'; Outlook revised to Stable from
      Positive;

   -- Short-Term IDR at 'F1';

   -- Support affirmed at '1'.

   Commercial Credit Company
   Associates Corporation of North America

   -- Senior unsecured at 'A'.

   Citigroup Global Markets Funding Luxembourg

   -- Long-Term IDR at 'A'; Outlook revised to Stable from
      Positive;

   -- Short-term IDR at 'F1';

   -- Market-linked senior notes at 'A(emr)'.

   Citigroup Capital III, XIII, XVIII

   -- Trust preferred at 'BBB-'.

Fitch has assigned the following ratings:

   Citigroup, Inc.
   Citigroup Global Markets Limited

   -- Derivative Counterparty Rating 'A(dcr)'.

   Citibank, N.A.
   Citigroup Global Markets, Inc.

   -- Derivative Counterparty Rating of 'A+(dcr)'.

Fitch has affirmed and withdrawn the following ratings:

   Citigroup Derivatives Services LLC.

   -- Long-Term IDR at 'A'; Outlook Stable;

   -- Short-Term IDR at 'F1';

   -- Support at '1'.

   CitiFinancial Europe plc

   -- Long-Term IDR at 'A'; Outlook Stable;

   -- Senior unsecured at 'A';

   -- Senior shelf at 'A';

   -- Subordinated at 'A-'.


COMMUNICATIONS SALES: Fitch Assigns 'BB-' Issuer Default Ratings
----------------------------------------------------------------
Fitch Ratings has assigned a 'BB-/RR4' rating to Communications
Sales & Leasing, Inc.'s (CS&L) senior unsecured debt offering. CS&L
is offering approximately $400 million of senior unsecured notes
due 2024 and proceeds are expected to be used to pay down revolver
borrowings and for general corporate purposes.

CS&L and its co-issuer CSL Capital, LLC, have long-term Issuer
Default Ratings (IDRs) of 'BB-'. The Rating Outlook is Stable.

KEY RATING DRIVERS

Slight Rise in Leverage: CS&L's financial leverage has increased
slightly as a result of the May 2016 PEG Bandwidth acquisition and
the August 2016 Tower Cloud acquisition. On an annualized basis,
Sept. 30, 2016 gross leverage (total debt/EBITDA) was approximately
5.8x assuming 50% equity treatment for the preferred stock issued
in the PEG Bandwidth transaction. Based on management comments
about opportunities within a robust transaction pipeline and desire
to diversify across various asset classes, Fitch anticipates that
CS&L will announce further transactions. As these opportunities
come to fruition, Fitch expects CS&L will finance any transaction
such that gross leverage would remain relatively stable, with some
fluctuations due to M&A activity, and should approximate the mid-5x
range over the longer term.

Very Stable Cash Flow: A substantial portion of CS&L's current
revenues consist of revenues under a master lease with Windstream,
under which Windstream has exclusive access to the assets. The
lease is currently expected to approximate slightly more than $650
million annually. Fitch expects CS&L to continue to have very
stable cash flows, owing to the fixed (and modestly increasing)
nature of the long-term lease payments and Windstream's
responsibility for expenses under the triple-net lease. The term of
the master lease is for an initial term of 15 years. There is some
risk at renewal that under the 'any or all' provision at renewal
Windstream could opt not to renew certain markets or could
renegotiate terms at such time for those markets.

However, this renewal risk is well into the future, given the
initial 15-year term of the lease (and up to 20 years if Windstream
requests and CS&L elects to fund certain capital spending projects
totalling $250 million over five years). Fitch expects all markets
to be renewed under the master lease, since Windstream would either
incur significant capital expenditures to overbuild CS&L or find a
buyer for its operating assets (routers, switches, etc.) and
successor tenant for its leased assets. Protection is provided to
CS&L by the terms of the master lease, which could require
Windstream to sell its operating properties in the event of
default. CS&L's facilities would be essential to the operations of
Windstream on a going-concern basis, or a successor company.

Geographic Diversification: In Fitch's view, CS&L's geographic
diversification is solid, given Windstream's operations subject to
the master lease are geographically diversified among 37 market
areas and due to acquisitions, primarily the PEG Bandwidth and
Tower Cloud acquisitions.

Tenant Concentration: The master lease with Windstream provides
approximately 80% of CS&L's revenues on a pro forma basis.
Therefore CS&L's IDR is initially capped at Windstream's 'BB-'
Long-Term IDR until CS&L strikes deals with other companies to
meaningfully diversify its operations through transactions where
25%-30% of its revenue is derived from tenants with a credit
profile materially stronger than Windstream's. Fitch views recent
acquisitions positively, as such transactions begin to diversify
CS&L's revenue base.

Seniority: Fitch notes that CS&L's master lease is with Windstream
Holdings (Holdings) and that Holdings is subordinate to the
operations at Windstream Services. However, Fitch believes CS&L's
assets will be essential to Windstream Services operations and a
priority payment.

No Material Near-Term Maturities: CS&L does not have any maturities
near term, with the revolver having the shortest maturity, in 2020.
The remaining term loan and note issuances have maturities in 2022
and 2023, respectively.

KEY ASSUMPTIONS

   -- CS&L financed the PEG Bandwidth transaction with a mix of
      cash, stock (1 million CS&L shares and convertible preferred

      stock.

   -- CS&L's primary revenue stream will be the payments received
      from Windstream under the master lease. Fitch assumes
      Windstream may ask CS&L to finance $50 million of capital
      spending over the next five years per the terms of the
      master lease, generating additional revenue. There is no
      binding commitment on the part of CS&L to provide funding.

   -- Fitch has not assumed any additional revenues arising from
      the merger of Windstream and EarthLink Holdings Corp.

   -- Virtually all capital spending consists of investments
      requested by Windstream. CS&L is expected to distribute all
      REIT earnings to shareholders.

   -- CS&L will target long-term gross leverage in the mid-5x
      range.

RATING SENSITIVITIES

Positive: A positive action is unlikely in the absence of an
upgrade of Windstream, although an upgrade could be considered if
CS&L targets debt leverage of 5.2x to 5.3x or lower and 25%-30% of
its revenue is derived from tenants with a credit profile
materially stronger than Windstream's.

Negative: A negative rating action could occur if debt leverage is
expected to approach 6x or higher for a sustained period. In
addition, a downgrade of Windstream would likely result in a
similar downgrade of CS&L in the absence of greater revenue
diversification. Also, the acquisition of assets and subsequent
leases to tenants that have a weaker credit and operating profile
than Windstream could affect the rating, if such assets are a
material proportion of revenues.

LIQUIDITY

CS&L's $500 million revolving credit facility (due 2020), which has
$500 million available on Sept. 30, 2016 pro forma for the current
debt offering, provides sufficient backstop for liquidity needs.
Fitch expects CS&L will restore revolver availability following
transactions by terming out borrowings over time by more permanent
means of equity and debt funding. The company had $41 million in
cash at Sept. 30, 2016.


CONCHO RESOURCES: Moody's Assigns Ba2 Rating on New $600MM Notes
----------------------------------------------------------------
Moody's Investors Service assigned a Ba2 rating to Concho Resources
Inc.'s proposed $600 million senior unsecured notes due 2025.  The
intended usage of the proposed notes proceeds will be to refinance
Concho's outstanding $600 million of senior unsecured notes due
January 2022.  Concho's Ba1 Corporate Family Rating, stable
outlook, and all other ratings are unchanged.

"Concho's refinancing of its existing notes is a credit positive,
as it provides a more favorable maturity schedule, and is
consistent with its strategy of maintaining a strong balance sheet,
" commented Arvinder Saluja, Moody's Vice President -- Senior
Analyst.

Issuer: Concho Resources Inc.

Ratings Assigned:
  $600 Million Senior Unsecured Notes due 2025, Assigned at Ba2
   (LGD4)

                       RATINGS RATIONALE

The Ba2 senior notes rating reflects the large amount of the
potential senior secured claims relative to the outstanding
unsecured notes, which results in the senior notes being rated one
notch beneath the Ba1 CFR under Moody's Loss Given Default
Methodology.  The proposed senior notes are unsecured, ranking pari
passu with Concho's existing senior notes, and therefore are
subordinated to the senior secured credit facility's potential
priority claim to the company's assets.

Concho's Ba1 CFR reflects its position as one of the largest
producers in the Permian Basin with a large drilling inventory, oil
focused production mix, good hedging program and competitive cost
structure that will support leading cash margins and good cash flow
generation even in a weak commodity price environment. Importantly,
its improving production scale and leverage, interest coverage, and
cash flow metrics are largely in line with other strong Ba-rated
peers.  The rating also incorporates both Concho's strategy, which
has been to grow its reserve base both organically and with
acquisitions, and its history of using internal cash flow
generation, asset sales and equity offerings to reduce debt
balances.  Geographic concentration risks associated with all
operations being in a single hydrocarbon basin are high but the
Permian Basin remains one of the most prolific oil producing
regions in North America.

The SGL-2 rating is based on our expectation that Concho will have
good liquidity through 2017.  The company had $1.2 billion of cash
on its balance sheet at Sept. 30, 2016.  The company has a
$2.5 billion committed senior secured revolving credit facility due
2019 with a borrowing base of $2.8 billion.

The stable outlook reflects Moody's view that Concho will maintain
low leverage, consistent with its practice of using internal cash
flows, equity, or asset sales to offset any increase in debt.  The
outlook also reflects our expectations for moderate growth in
production and reserves at competitive costs even in a challenging
commodity price environment.

A rating upgrade could be considered if average daily production
approaches 200,000 boe, RCF / debt remains 50%, and it maintains a
leveraged full-cycle ratio above 1.5x.

Moody's could downgrade the ratings if RCF / debt falls below 20%
or if there is a meaningful increase in debt.

Concho Resources Inc. is an independent exploration & production
(E&P) company with operations in the Permian Basin of Southeast New
Mexico and West Texas.


DACCO TRANSMISSION: Hires Prime Clerk as Administrative Advisor
---------------------------------------------------------------
DACCO Transmission Parts (NY), Inc., and its debtor-affiliates seek
permission from the U.S. Bankruptcy Court for the Southern District
of New York to employ Prime Clerk LLC as administrative advisor,
nunc pro tunc to November 20, 2016.

The Debtors require Prime Clerk to:

      a. assist with, among other things, solicitation, balloting
and tabulation of votes, and prepare any related reports, as
required in support of confirmation of a chapter 11 plan, and in
connection with such services, process requests for documents from
parties in interest, including, if applicable, brokerage firms,
bank back- offices and institutional holders;

      b. prepare an official ballot certification and, if
necessary, testify in support of the ballot tabulation results;

      c. assist with the preparation of the Debtors' schedules of
assets and liabilities and statements of financial affairs and
gather data in conjunction therewith;

      d. provide a confidential data room, if requested;

      e. manage and coordinate any distributions pursuant to a
chapter 11 plan; and

       f. provide other processing, solicitation, balloting and
other administrative services described in the Engagement
Agreement, but not included in the Section 156(c) Application, as
may be requested from time to time by the Debtors, the Court or the
Office of the Clerk of the Bankruptcy Court (the "Clerk").

Prime Clerk will be paid at these rates:

Claims and Noticing Rates

     Analyst                                 $30-$45  
     Technology Consultant                   $55-$95
     Consultant/Senior Consultant            $60-$165
     Director                                $170-$195
     Chief Operating Officer and
        Executive V-President                No Charge
   
Solicitation, Balloting and Tabulation Rates

     Solicitation Consultant                 $185
     Director of Solicitation                $200

Printing and Noticing Services

     Printing                               $0.09 per image
     Customization/Envelope Printing        $0.05 each
     Document Folding and inserting         No charge
     Postage/Overnight Delivery             Preferred Rates
     E-mail Noticing                        No charge
     Fax Noticing                           $0.05 per page
     Proof of Claim Acknowledgment Card     No charge
     Envelopes                              Varies by Size

Newspaper and Legal Notice Publishing

     Coordinate and publish
        legal notices                       Available on request

Case Website

     Case Website setup                     No charge
     Case Website hosting                   No charge
     Update case docket and
        claims register                     No charge

Client Access

     Access to secure client login          No charge
     Client customizable reports on
        demand or via email delivery        No charge
     Real time dashboard analytics
        measuring claim and ballot
        information and document
        processing status                   No charge

Data Administration and Management

     Inputting proofs of claim
        and ballots                        Standard hourly rates
     Electronic Imaging                    $0.10 per image
     Data Storage, maintenance and
        security                           $0.10/record/month
     Virtual Data Rooms                    Available on request

On-line Claim Filing Services

     On-line claim filing                  No charge

Call Center Services

     Case-specific voice mail box          No charge
     Interactive voice response            No charge
     Monthly maintenance                   No charge
     Call center personnel                 Standard hourly rates
     Live chat                             Standard hourly rates

Disbursement Services

     Check issuance and/or Form 1099       Available on request
     W-9 mailing and maintenance of
         TIN database                      Standard hourly rates

Prime Clerk will also be reimbursed for reasonable out-of-pocket
expenses incurred.

Michael J. Frishberg, co-president and chief operating officer of
Prime Clerk LLC, assured the Court that the firm is a
"disinterested person" as the term is defined in Section 101(14) of
the Bankruptcy Code and does not represent any interest adverse to
the Debtors and their estates.

Prime Clerk can be reached at:

       Michael J. Frishberg
       Prime Clerk LLC
       830 Third Avenue, 9th Floor
       New York, NY 10022
       Tel: (212)257-5450

              About DACCO Transmission Parts (NY)



Headquartered in Cleveland, Ohio, Transtar Holding
Company
manufactures and distributes aftermarket driveline
replacement
parts and components to the transmission repair and
remanufacturing market.  It also supplies autobody refinishing
products and manufactures air conditioning, cooling and power
steering assemblies and components.



Founded in 1975, Transtar maintains over 70 local branch locations,
four manufacturing and production facilities (in Alma, Michigan;
Brighton, Michigan; Cookeville, Tennessee; and Ferris, Texas), and
four regional distribution centers throughout the United States,
Canada and Puerto Rico.



On Dec. 21, 2010, the Company was acquired from Linsalata
Capital Partners by current majority equity holder Friedman
Fleischer & Lowe LLC.  The acquisition was financed with $425
million of senior secured credit facilities.



As of the Petition Date, the Company employs approximately
2,000
full-time and 50 part-time employees in the United States,
and
approximately 100 full-time employees in Canada and Puerto
Rico.



DACCO Transmission Parts (NY), Inc. and 46 affiliated
debtors,
including Transtar Holding Company, filed chapter 11
petitions
(Bankr. S.D.N.Y. Case Nos. 16-13245 to 16-13291) on
Nov. 20, 2016.  The petitions were signed by Joseph Santangelo,
authorized signatory.  The cases are pending before Judge Mary
Kay Vyskocil, and the Debtors have requested that their cases be
jointly administered under Case No.16-13245.



The Debtors estimated assets and liabilities at $500 million to $1
billion at the time of the filing.



The Debtors tapped Rachel C. Strickland, Esq., Christopher
S.
Koenig, Esq., Debra C. McElligott, Esq., and Jennifer J.
Hardy,
Esq., at Willkie Farr & Gallagher LLP as attorneys.  The
Debtors also hired FTI Consulting, Inc. as restructuring and
financial advisors, Ducera Partners LLC as financial advisors and
investment banker and Prime Clerk LLC as claims, noticing and
solicitation agent.



DACCO TRANSMISSION: Hires Willkie Farr & Gallagher as Counsel
-------------------------------------------------------------
DACCO Transmission Parts (NY), Inc., and its debtor-affiliates seek
permission from the U.S. Bankruptcy Court for the Southern District
of New York to employ Willkie Farr & Gallagher LLP as counsel to
Debtors and Debtors-in-Possession, nunc pro tunc to November 20,
2016.

The Debtors require WF&G to:

        a. prepare, on behalf of the Debtors, as debtors in
possession, all necessary motions, applications, answers, orders,
reports and papers in connection with the administration of these
cases;

        b. counsel the Debtors with regard to their rights and
obligations as debtors in possession in the continued operation of
their businesses and the management of their estates;

        c. provide the Debtors with advice, represent the Debtors
and prepare all necessary documents on behalf of the Debtors in the
areas of corporate finance, employee benefits, real estate, tax and
bankruptcy law, commercial litigation, debt restructuring and asset
dispositions in connection with their restructuring efforts;

        d. represent and advise the Debtors in negotiations with
their lenders, other creditors, equity holders and other parties in
interest;

        e. advise the Debtors with respect to actions to protect
and preserve the Debtors' estates during the pendency of these
cases, including the prosecution of actions by the Debtors, the
defense of actions commenced against the Debtors, negotiations
concerning litigation in which the Debtors are involved and
objections to claims filed against the estates; and

        f. perform all other necessary or requested legal services
in connection with these chapter 11 cases, including, without
limitation, any general corporate and litigation legal services.

WF&G lawyers who will work on the Debtors' cases and their hourly
rates are:

      Rachel C. Strickland, Esq.               $1,350
      Leonard Klingbaum, Esq.                  $1,150
      Jennifer J. Hardy, ESq.                  $950
      Christopher S. Koenig, Esq.              $800
      Debra C. McElligott, Esq.                $800
      James Burbage, Esq.                      $625

WF&G will also be reimbursed for reasonable out-of-pocket expenses
incurred.

Rachel C. Strickland, Esq., member of the firm of Willkie Farr &
Gallagher LLP, assured the Court that the firm is a "disinterested
person" as the term is defined in Section 101(14) of the Bankruptcy
Code and does not represent any interest adverse to the Debtors and
their estates.

The following is provided in response to the request for additional
information set forth in D1 of the U.S. Trustee's Appendix B
Guidelines:

     -- No variations or alternatives to WF&G's customary billing
arrangements were agreed to with respect to this engagement.

     -- Strickland Declaration discloses the payments received by
WF&G from the Debtors prior to the Petition Date. There has been no
change in the billing rates and material financial terms from the
prepetition period to the postpetition period.

     -- The Debtors have approved a budget and staffing plan for
the period of November 20, 2016 through January 31, 2017.

WF&G can be reached at:

        Rachel C. Strickland, Esq.
        Christopher S. Koenig
        Debra C. McElligott
        Willkie Farr & Gallagher LLP
        787 Seventh Avenue
        New York, NY 10019
        Telephone: (212) 728-8000
        Facsimile: (212) 728-8111

                -and-

        Jennifer J. Hardy
        600 Travis Street, Suite 2310
        Houston, TX 77002
        Telephone: (713) 510-1700
        Facsimile: (713) 510-1799

                About DACCO Transmission Parts (NY)



Headquartered in Cleveland, Ohio, Transtar Holding
Company
manufactures and distributes aftermarket driveline
replacement
parts and components to the transmission repair and
remanufacturing market.  It also supplies autobody refinishing
products and manufactures air conditioning, cooling and power
steering assemblies and components.



Founded in 1975, Transtar maintains over 70 local branch locations,
four manufacturing and production facilities (in Alma, Michigan;
Brighton, Michigan; Cookeville, Tennessee; and Ferris, Texas), and
four regional distribution centers throughout the United States,
Canada and Puerto Rico.



On Dec. 21, 2010, the Company was acquired from Linsalata Capital
Partners by current majority equity holder Friedman Fleischer &
Lowe LLC.  The acquisition was financed with $425 million of
senior secured credit facilities.



As of the Petition Date, the Company employs approximately
2,000
full-time and 50 part-time employees in the United States,
and
approximately 100 full-time employees in Canada and Puerto
Rico.



DACCO Transmission Parts (NY), Inc. and 46 affiliated
debtors,
including Transtar Holding Company, filed chapter 11
petitions
(Bankr. S.D.N.Y. Case Nos. 16-13245 to 16-13291) on
Nov. 20, 2016.  The petitions were signed by Joseph Santangelo,
authorized signatory.  The cases are pending before Judge Mary
Kay Vyskocil, and the Debtors have requested that their cases be
jointly administered under Case No.16-13245.



The Debtors estimated assets and liabilities at $500 million to $1
billion at the time of the filing.



The Debtors tapped Rachel C. Strickland, Esq., Christopher
S.
Koenig, Esq., Debra C. McElligott, Esq., and Jennifer J.
Hardy,
Esq., at Willkie Farr & Gallagher LLP as attorneys.  The
Debtors also hired FTI Consulting, Inc. as restructuring and
financial advisors, Ducera Partners LLC as financial advisors and
investment banker and Prime Clerk LLC as claims, noticing and
solicitation agent.



DALE PROPERTIES: Wants to Use Tradition Capital Bank Cash
---------------------------------------------------------
Dale Properties, LLC, asks the U.S. Bankruptcy Court for the
District of Minnesota for authorization to use cash collateral,
pursuant to its stipulation with Tradition Capital Bank.

The Debtor owns certain real property in Anoka County, Minnesota,
known as the Lino Lakes Property.  The Lino Lakes Property includes
farmland that the Debtor leases for agricultural use.  The Property
also includes a barn that the Debtor rents out to multiple
tenants.

The Debtor is indebted to Tradition Capital Bank in the amount of
$53,529.  Tradition Capital Bank has a lien on all rents generated
by the Lino Lakes Property, as well as the Debtor's bank account
with Tradition Capital Bank in the amount of $42,037.

The relevant terms, among others, of the Stipulation between the
Debtor and Tradition Capital Bank are:

     (1) So long as no Termination Event occurs, Tradition Capital
Bank consents to the Debtor's use of cash collateral through April
6, 2016, to pay for the Debtor's postpetition expenses.

     (2) During the cash collateral period, the Debtor will timely
make all monthly payments of interest, at the non-default rate, to
Tradition Capital Bank in accordance with the terms of the Note.

     (3) The Debtor will maintain and keep in full force and effect
all insurance required by the terms of the Mortgage.

     (4) To the extent of the Debtor's use of cash collateral, the
Debtor grants Tradition Capital Bank a replacement lien in all of
the Debtor's assets, having the same dignity, priority and effect
as Tradition Capital Bank's current liens and security interests.

     (5) The Debtor's authority to use cash collateral will
immediately terminate, if any of the following occur:

          (a) The Debtor defaults in performance of any obligation
under the Stipulation;

          (b) The Debtor’s bankruptcy case is dismissed or
converted; or

          (c) A Chapter 11 trustee is appointed.

The proposed Budget covers the period from December 2016 through
April 2017.  The Budget provides for total expenses in the amount
of $825.70, which consists of insurance expense at $165.14 per
month.

The Debtor's Motion is scheduled for hearing on January 4, 2017 at
10:30 a.m.  The deadline for the filing of objections to the
Debtor's Motion is set on December 30, 2016.

A full-text copy of the Debtor's Motion, dated December 12, 2016,
is available at
http://bankrupt.com/misc/DaleProperties2016_1642924_34.pdf

Tradition Capital Bank can be reached at:

          TRADITION CAPITAL BANK
          7601 France Ave. S., Suite 140
          Edina, MN 55435-5997

                    About Dale Properties, LLC

Dale Properties, LLC, based in Minnetonka, Minn., filed a Chapter
11 petition (Bankr. D. Minn. Case No. 16-42924) on October 6, 2016.
The petition was signed by Alan Dale, chief manager.  The Debtor
is represented by Ralph Mitchell, Esq., of Lapp, Libra, Thomson,
Stoebner & Pusch, Chartered.  The case is assigned to Judge
Katherine A. Constantine.  The Debtor estimated $1 million to $10
million in both assets and liabilities.


DELIVERY AGENT: Asks Court to Move Plan Filing Period to May 13
---------------------------------------------------------------
DA Liquidating Corp., f/k/a Delivery Agent, Inc. and its affiliated
Debtors ask the U.S. Bankruptcy Court for the District of Delaware
to extend by 120 days the periods within which the Debtors have the
exclusive right to file a plan of reorganization and solicit
acceptances of that plan, or through and including  May 13, 2017,
and July 12, 2017, respectively.

The Debtors tell the Court that they do not know yet the universe
of claims against their estates, and their negotiations with
creditors remain incomplete because none of the Bar Dates has
passed yet.  The Bar Date Order established the following as the
last day to file claims against the Debtors' estates:

          (a) General Bar Date: January 16, 2017, at 5:00 p.m.

          (b) Governmental Bar Date: March 14, 2017, at 5:00 p.m.

          (c) Administrative Claims Bar Date: February 1, 2017,
              at 5:00 p.m.

In addition, the Debtors tell the Court that the Designation Rights
Period has not yet ended, and the decisions of the Buyer during the
Designation Rights Period with respect to the Debtors' rejection or
assumption and assignment of executory contracts and unexpired
leases will directly impact the number and amount of unsecured
claims, and as such, unresolved contingencies still exist.

The Debtor contend that once the Bar Dates have passed, the
Debtors, in consultation with the Creditors Committee, will need to
reconcile the proofs of claim received with the schedules which may
lead to various omnibus claim objections and allow the Debtors and
the Committee to better understand the total number and amount of
claims outstanding.

Furthermore, the Debtor contend that a 120-day extension of the
Exclusivity Periods will allow the Debtors and the Committee to
investigate and monetize any remaining assets of the Debtors'
estates, and eventually discuss on the appropriate exit strategy.

On November 17, 2016, the Court entered an order approving the sale
of substantially all of the Debtors' assets to certain designees of
Hillair Capital Management LLC, the agent under the Debtors' DIP
Credit Agreement.  The Sale closed on November 18.

Matt Chiappardi, writing for Bankruptcy Law360, reported that
Hillair bought the e-commerce company with a credit bid, after
coming to a last-minute agreement with unsecured creditors over who
gets to control potential claims against the firm's directors and
officers.  According to the report, during a hearing in Wilmington,
Delaware, U.S. Bankruptcy Judge Laurie Selber Silverstein agreed to
approve the sale to what was Delivery Agent's stalking horse bidder
after learning that no qualified offers came in to top the floor
price, which consisted of credit bid that knocks out nearly $20
million in debt and injects about $500,000 of cash into the
estate.

The report noted that sale approval was nearly derailed when a
dispute erupted with the official committee of unsecured creditors,
who argued the sale was essentially a lender foreclosure that would
leave the estate without enough money to pay certain expenses. The
committee also balked at a provision in the sale order that had
Hillair purchasing potential causes of action against Delivery
Agent's directors and officers, which could wind up being a
lucrative source of recovery for unsecured creditors that may be
wiped out without it.

During the hearing, Judge Silverstein directed the sides to take a
three-hour break and try to come to some sort of solution.  When
the parties returned, they said they'd struck a deal that would
allow the sale to go forward.

According to the report, under the eleventh-hour deal, Hillair
agreed to make an additional $250,000 of the sale price cash,
bringing that total to $500,000, to be injected into the bankruptcy
estate.  The estate would also be able to hold onto potential
causes of action against top brass, except CEO Mike Fitzsimmons,
Delivery Agent attorney Jane Kim of Keller & Benvenutti LLP told
Judge Silverstein.

A hearing on the Debtor's extension request will be held on January
10, 2017 at 11:00 a.m.  Objections are due on December 27, 2016.

                      About Delivery Agent

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

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

The cases are assigned to Judge Laurie Selber Silverstein.

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

Andrew R. Vara, the Acting U.S. Trustee for Region 3, on Sept. 29
appointed seven creditors of Delivery Agent, Inc., to serve on the
official committee of unsecured creditors.  The Committee employs
Pepper Hamilton LLP as counsel; and Carl Marks Advisory Group LLC
as financial advisors, nunc pro tunc to October 3, 2016.


DIRECTORY DISTRIBUTING: U.S. Trustee Unable to Appoint Committee
----------------------------------------------------------------
An official committee of unsecured creditors has not yet been
appointed in the Chapter 11 case of Directory Distributing
Associates, Inc. as of Dec. 12, according to a court docket.

Directory Distributing Associates, Inc. sought protection under
Chapter 11 of the Bankruptcy Code (Bankr. E. D. Mo. Case No. 16-
47428) on October 14, 2016. The petition was signed by Kristy Runk
Bryan, Esq., attorney.

The case is assigned to Judge Kathy A. Surratt-States.  The Debtor
is represented by Carmody MacDonald P.C.

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


DLN PROPERTIES: Disclosures Okayed, Plan Hearing on Jan. 5
----------------------------------------------------------
DLN Properties, Ltd. is now a step closer to emerging from Chapter
11 protection after a bankruptcy judge approved the outline of its
plan of reorganization.

Judge Jerry Brown of the U.S. Bankruptcy Court for the Eastern
District of Louisiana on Nov. 29 gave the thumbs-up to the
disclosure statement, allowing the company to start soliciting
votes from creditors.

The order set a Dec. 29 deadline for creditors to cast their votes
and file their objections.

A court hearing to consider confirmation of the plan is scheduled
for Jan. 5, at 10:00 a.m.  The hearing will take place at the Hale
Boggs Federal Building, Courtroom B-705, 500 Poydras Street, New
Orleans, Louisiana.

                      About DLN Properties

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

The case is assigned to Judge Jerry A. Brown.  The Debtor is
represented by Leo D. Congeni, Esq., at The Congeni Law Firm, LLC.


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


DOLLAR MART: Hires Toni Campbell Parker as Attorney
---------------------------------------------------
Dollar Mart Grocery & Wholesale, a Joint Partnership, seeks
authorization from the U.S. Bankruptcy Court for the Western
District of Tennessee to employ the Law Firm of Toni Campbell
Parker as attorney for the Debtor-in-Possession.

The Debtor requires the Firm to assist it in the reorganization
process, including but not limited to, the preparation of the
Petition, Schedules, and Statement of Affairs, monthly reports, the
preparation and defense of motions and applications in this case,
the formulation and submission to creditors of the Debtor a
Disclosure Statement and Plan and rendering such legal advice and
services as necessary during the Chapter 11 case.

The Firm will be paid at these hourly rates:

     Toni Campbell Parker, Esq.      $300
     Legal Assistant                 $100
     Law Clerk                       $55

The Firm initially received a retainer in the amount of $5,000.00
of which the filing fee was paid leaving a retainer for fees and
expenses of $3,282.

Toni Campbell Parker, Esq., sole practitioner of the Law Firm Toni
Campbell Parker, 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 estates.

The Firm may be reached at:

       Toni Campbell Parker, Esq.
       615 Oakleaf Office Lane, Suite 201
       Memphis, TN 38117
       P.O. BOX 240666
       Memphis, TN 38124-0666
       Tel: (901) 683-0099
       Fax: (866) 489-7938
       E-mail: 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.



DOUGLAS JEFFERIES: Disclosures Okayed, Plan Hearing on Jan. 4
-------------------------------------------------------------
The U.S. Bankruptcy Court for the District of Columbia will
consider approval of the Chapter 11 plan of reorganization of
Douglas George Jefferies at a hearing on Jan. 4, at 2:00 p.m.

The court had earlier approved the Debtor's disclosure statement,
allowing him to start soliciting votes from creditors.  

The Nov. 29 order set a Dec. 28 deadline for creditors to cast
their votes.  Creditors have until Dec. 27 to file their objections
to the plan.

Under the latest plan, creditors holding Class 6 general unsecured
claims will receive a pro-rata payment within 90 days after the
closing on the sale of the Debtor's property in Washington, D.C.

Payment to general unsecured creditors will be made from the
remaining proceeds of the sale of the property worth $4.6 million,
according to court filings.

                 About Douglas George Jefferies

Douglas George Jefferies, a resident of Columbia, sought protection
under Chapter 11 of the Bankruptcy Code (Bankr. D.D.C. Case No.
16-00109) on March 9, 2016.  The case is assigned to Judge S.
Martin Teel, Jr.  The Debtor is represented by Steven H. Greenfeld,
Esq., at Cohen Baldinger & Greenfeld, LLC.


DRT HEEL: Jan. 11 Hearing on Motion to Enjoin Cash Use Set
----------------------------------------------------------
Judge Laura T. Beyer of the U.S. Bankruptcy Court for the Western
District of North Carolina granted World Business Lenders, LLC's
motion to enjoin DRT Heel, LLC, d/b/a Brixx Wood Fire Pizza's use
of cash collateral, insofar as the preliminary hearing held on
Dec. 7, 2016.

World Business Lender's Motion is continued and set for final
haring on January 11, 2017 at 11:30 a.m.

A full-text copy of the Order, dated Dec. 12, 2016, is available at

http://bankrupt.com/misc/DRTHeel2016_1631643_51.pdf

                     About DRT Heel, LLC

DRT Heel, LLC, filed a Chapter 11 bankruptcy petition (Bankr.
W.D.N.C. Case No. 16-31643) on Oct. 7, 2016.  The petition was
signed by Donald Thrower, Member/Manager.  The Debtor is
represented by R. Keith Johnson, Esq., at the Law Offices of R.
Keith Johnson, P.A.  The Debtor estimated assets and liabilities at
$0 to $50,000 at the time of the filing.


EARLY CALIFORNIA: Taps Greenberg, Allan Sarver as Legal Counsel
---------------------------------------------------------------
Early California Restaurants, Incorporated seeks approval from the
U.S. Bankruptcy Court for the Central District of California to
hire legal counsel in connection with its Chapter 11 case.

The Debtor proposes to hire Greenberg & Bass LLP and The Law
Offices of Allan D. Sarver to give legal advice regarding its
duties under the Bankruptcy Code, assist in the preparation of a
bankruptcy plan, and provide other legal services.

The hourly rates charged by Greenberg & Bass are:

     Partners                  $450
     Associates                $350
     Of Counsel         $375 - $495
     Law Clerk                 $125
     Paralegal           $95 - $240
     Legal Assistant     $95 - $240

Meanwhile, Allan Sarver, Esq., will be paid an hourly rate of $400.
Mary Swantson, a paraprofessional employed with Sarver, will be
paid $100 per hour.

Both firms do not hold or represent any interest adverse to the
Debtor, its bankruptcy estate or any of its creditors, according to
court filings.

Greenberg & Bass can be reached through:

     Douglas M. Neistat, Esq.
     Greenberg & Bass LLP
     16000 Ventura Boulevard, Suite 1000
     Encino, CA 91436
     Tel: (818) 382-6200
     Fax: (818) 986-6534
     Email: dneistat@greenbass.com

Sarver can be reached through:

     Allan D. Sarver, Esq.
     The Law Offices of Allan D. Sarver
     16000 Ventura Boulevard, Suite 1000
     Encino, CA 91436
     Tel: (818) 981-0581
     Fax: (818) 981-0026
     Email: adsarver@aol.com

               About Early California Restaurants

Early California Restaurants, Incorporated sought protection under
Chapter 11 of the Bankruptcy Code (Bankr. C. D. Calif. Case No.
16-13386) on November 19, 2016.  The petition was signed by Daniel
C. Avila president and chief executive officer.  

The case is assigned to Judge Martin R. Barash.

At the time of the filing, the Debtor estimated assets of less than
$100,000 and liabilities of $1 million to $10 million.


EDCON HOLDINGS: Chapter 15 Case Summary
---------------------------------------
Chapter 15 Petitioner: Mr. Charles Mzwandile Vikisi

Chapter 15 Debtors:

      Edcon Holdings Limited                       16-13475
      Edgardale, 1 Press Avenue, Crown Mines
      Johannesburg 2092
      Republic of South Africa

      Edcon Acquisition Proprietary Limited        16-13476

      Edcon Limited                                16-13477

      Edgars Consolidated Stores                   16-13478

Type of Business: Non-food retailer

Chapter 15 Petition Date: December 13, 2016

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

Chapter 15 Petitioner's Counsel: James H.M. Sprayregen, Esq.
                                 KIRKLAND & ELLIS, LLP
                                 300 N. LaSalle Street
                                 Chicago, IL 60654
                                 Tel: (312) 862-2481
                                 Fax: (312) 862-2200
                                 E-mail: jsprayregen@kirkland.com

                                   - and -

                                 Adam C. Paul, Esq.
                                 KIRKLAND & ELLIS, LLP
                                 300 North LaSalle Street
                                 Chicago, IL 60654
                                 Tel: (312) 862-2000
                                 Fax: (312) 862-2200
                                 E-mail: apaul@kirkland.com

Estimated Assets: Not Indicated

Estimated Debts: Not Indicated


EFRAIN SALAS: Unsecureds To Get Paid $5,000 Under Plan
------------------------------------------------------
Efrain Salas and Gabriela E. Salas filed with the U.S. Bankruptcy
Court for the District of Nevada a disclosure statement referring
to the Debtor's plan of reorganization.

Class 3 General Unsecured Claims are impaired under the Plan.
Holders of these claims will be paid the amount of $5,000.

Payments and distributions under the Plan will be funded by the
Debtors' investment property rents and Mr. Salas' wage income as
required.

Mr. Salas' income is generated from personal employment and from
rental income received from the Debtor's investment property.  Mr.
Salas has been able to improve cash reserves since filing for
bankruptcy and also retain income which can be used to fund the
Plan.

The Disclosure Statement is available at:

            http://bankrupt.com/misc/nvb16-11978-47.pdf

The Plan was filed by the Debtor's counsel:

     Michael J. Harker, Esq.
     THE LAW OFFICES OF MICHAEL J. HARKER
     2901 El Camino Avenue No. 200
     Las Vegas, NV 89102
     Tel: (702) 248-3000
     Fax: (702) 425-7290
     E-mail: mharker@harkerlawfirm.com

Efrain Salas is employed as an iron worker for a local Iron
Worker's Union.  Efrain Salas and Gabriela E. Salas receive monthly
rental income from an investment property located at 4381 El
Esteban Way, Las Vegas, Nevada 89121 which is not operated as an
independent business entity.

The Debtors filed for Chapter 11 bankruptcy protection (Bankr. D.
Nev. Case No. 16-11978) on April 13, 2016.  Michael J. Harker,
Esq., serves as the Debtor's bankruptcy counsel.


EKD REALTY: Secured Creditor To Get $5.3MM, Legal Fees by Jan. 15
-----------------------------------------------------------------
EKD Realty LLC and Amadeus 140 LLC filed with the U.S. Bankruptcy
Court for the Southern District of New York an amended disclosure
statement for the Debtors' amended joint plan of reorganization.

The Disclosure Statement is being submitted to the Court for final
approval on Dec. 29, 2016, at 10:00 a.m.

The holder of Class A2 EKD Secured Claim -- estimated at
$5,481,731.01 -- will receive by Jan. 15, 2017, cash in the amount
of $5,396,166.14 plus additional legal fees; or (b) if the Debtors
cannot pay the EKD Secured Claim by Jan. 15, 2017, then EKD will
market the EKD property for sale using a broker that is mutually
agreed to and pursuant to bidding procedures, and the EKD Secured
Claim will continue to accrue interest at a rate of 18% per annum
till closing.

If EKD or the Derderians default on any of their obligations,
Nautilus may settle an order to appoint a trustee and plan
administrator on notice for 7 business days.  Neither EKD nor the
Derderians will object to the appointment of a trustee and plan
administrator, except to contest the existence of a default.  If a
trustee and plan administrator is appointed, then the EKD Secured
Claim will be in default and Nautilus will be entitled to interest
at the default rate of 24% per annum.

The Derderians will vacate the EKD Property and the apartment they
currently reside in will be vacant by Jan. 14, 2017, however, the
Derderians may request a two-week extension of the deadline.
Failure to vacate by Jan. 14, 2017, will be a default.  The plan
administrator will be entitled to entry of a writ of assistance
from the Court and a warrant of eviction from the New York State
Court.

The holder of Class 2 Amadeus Secured Claim -- estimated at
$3,657,870.17 -- will receive by Jan. 15, 2017, cash in the amount
of $3,596,645.86 plus additional legal fees; or (b) if the Debtors
cannot pay the Amadeus Secured Claim by Jan. 15, 2017, and the EKD
property is sold as set forth in the Plan, then within 30 days of
the closing of the EKD property, Amadeus will provide for a
combination of: (i) the Interest Holders of EKD will contribute
their pro rata share of the EKD Sales Proceeds to pay the Amadeus
Secured Claim in full; (ii) if the Interest Holders pro rata share
of the EKD Sales Proceeds is insufficient to pay the Amadeus
Secured Claim in full then Amadeus shall obtain financing to pay
the difference between the remaining EKD Sales Proceeds and the
Amadeus Secured Claim; or (iii) if the Interest Holders pro rata
share of the EKD Sales Proceeds is insufficient to pay the Amadeus
Secured Claim in full, Amadeus shall market the Amadeus Property
for sale using a broker chosen by Nautilus pursuant to bidding
procedures.  The Amadeus Secured claim will continue to accrue
interest at a rate of 18% per annum till closing.

If Amadeus defaults on any of its obligations contained herein,
Nautilus may settle an order to appoint a trustee and plan
administrator on notice for 7 business days.  Amadeus will not
object to the appointment of a trustee and plan administrator,
except to contest the existence of a default.  If a trustee and
plan administrator is appointed, then the Amadeus Secured Claim
will be in default and Nautilus will be entitled to interest at the
default rate of 24% per annum.

Funding for the Plan will be from either (a) financing sufficient
to pay the EKD Secured Claim and Amadeus Secured Claim by Jan. 15,
2017, or (b) from a sale of the EKD Property to satisfy the claims
and Interests against EKD, with any remaining EKD Sale Proceeds to
be contributed towards funding payments to satisfy claims and
interests against Amadeus.  To the extent the EKD Sale Proceeds are
insufficient to pay these claims, Amadeus will either secure
additional financing or sell the Amadeus property to fund payments
for remaining claims.  If required, the contribution amount will be
paid on or before the EKD Effective Date and Amadeus Effective
Date, and will be used to pay certain of the Creditors' claims
under the Plan, including, but not limited to, payment of
administrative claims, bankruptcy fees, tax claims and the
unsecured creditors' claims.

The Amended Disclosure Statement is available at:

            http://bankrupt.com/misc/nysb16-11957-36.pdf

As reported by the Troubled Company Reporter on Oct. 20, 2016, the
Debtors filed with the Court a disclosure statement for the
Debtors' joint plan of reorganization.  Holders of the allowed
Class B4 Unsecured Claims against the Debtor would receive on the
Effective Date, in full satisfaction, settlement, release and
discharge of the allowed Class 4 Unsecured Claims will receive the
full amount of their allowed unsecured claim in cash, payable in
five installments .

                       About EKD Realty LLC

EKD Realty LLC filed a Chapter 11 petition (Bankr. S.D.N.Y. Case
No. 16-11957) on July 8, 2016.  The petition was signed by
Haroutiun Derderian, member.  The Debtor is represented by Arnold
Mitchell Greene, Esq., at Robinson Brog Leinwand Greene Genovese &
Gluck, P.C.  The case is assigned to Judge Shelley C. Chapman.  The
Debtor disclosed total assets at $9 million and total liabilities
at $4.84 million.


ELBIT IMAGING: Unit's Phase 3 Study of Blood Cancers Now Enrolling
------------------------------------------------------------------
Elbit Imaging Ltd. announced that it was informed by Gamida Cell
Ltd., an indirect associate of the Company, that Gamida Cell has
been cleared by the U.S. Food and Drug Administration to begin
enrolling for the Phase 3, international, multicenter trial of
Gamida Cell's NiCord for patients with high risk hematological
malignancies (blood cancers).  In addition, Gamida Cell has
informed the Company that clearance to begin enrolling for the
NiCord study has also been received for an additional European
territory.

The Trial is planned to be a randomized-controlled study comparing
transplantation of NiCord to that of un-manipulated umbilical cord
blood.  A total of 120 patients will be enrolled at transplantation
centers throughout the US and Europe.  Gamida Cell estimates that
patient recruitment will take approximately two years to complete.
The primary endpoint of the study is to examine the time from
transplant to engraftment of neutrophils.

As of Dec. 12, 2016, the development of NiCord remains at the
clinical stage of development.

Gamida Cell develops cellular and immune therapies for the
treatment of cancer and orphan genetic diseases.  Gamida Cell's
lead pipeline products are in clinical development as alternative
therapeutic treatments for many patients indicated for bone marrow
transplant, but who cannot find the necessary fully matched donor.
These include NiCord for blood cancers and CordIn for sickle cell
disease and thalassemia.

The Company holds approximately 89.9% of the share capital of Elbit
Medical Technologies Ltd. (TASE: EMTC-M) (85.6% on a fully diluted
basis) which, in turn, holds approximately 25% of the share capital
in Gamida (22.5% on a fully diluted basis).

                      About Elbit Imaging

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

Elbit Imaging reported a loss of NIS 186.15 million on NIS 1.47
million of revenues for the year ended Dec. 31, 2015, compared to
profit of NIS 1 billion on NIS 461,000 of revenues for the year
ended Dec. 31, 2014.

As of Sept. 30, 2016, Elbit Imaging had NIS 2.60 billion in total
assets, NIS 2.37 billion in total liabilities and NIS 231.65
million in shareholders' equity.

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

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

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


ENUMERAL BIOMEDICAL: Gets $3.4M Proceeds From Warrant Tender Offer
------------------------------------------------------------------
Enumeral Biomedical Holdings, Inc., has received gross proceeds of
approximately $3.4 million in connection with the successful
completion of Company's issuer tender offer.

In connection with the Offering, warrant holders elected to amend
and exercise 6,863,000 of the warrants subject to the Offering at a
reduced exercise price of $0.50 per warrant, providing a total of
$3,431,500 in gross proceeds to the Company, before deducting fees,
expenses, and warrant agent commissions.  Warrant holders who
elected to participate in the Offering received four shares of
Enumeral common stock for each warrant exercised.  The Company also
received approval from holders of a majority of the warrants
subject to the Offering to amend those warrants in order to remove
the price-based anti-dilution provisions contained therein.  The
Company plans to use the net proceeds from the Offering to fund its
ongoing operations, and for general working capital purposes. In
addition, the Company continues to pursue potential collaboration
arrangements with a number of interested parties.  

"We are extremely pleased with the broad support we received from
our warrant holders to successfully complete this Offering," said
Wael Fayad, Enumeral's chairman, chief executive officer and
president.  "This Offering is an important step that strengthens
our position to continue to deliver on our turnaround plan.  We are
engaged in discussions with a number of companies regarding
potential collaboration arrangements, and we continue to pursue
opportunities to advance our internal pipeline of next-generation
therapeutics."

"In addition to providing funds to support Enumeral's continued
operations, the successful completion of this Offering also removes
the price-based anti-dilution provisions from the remaining
warrants," Mr. Fayad continued.  "This will help streamline
Enumeral's capitalization structure, reduces the warrant liability
recorded on our financial statements, and further enable our
long-term growth plans, including pursuing the listing of our
common stock on a national securities exchange in the future."

"We sincerely appreciate the continued support of our stockholders
and other stakeholders, and we look forward to reporting on our
progress in the months ahead," Mr. Fayad concluded.

                         About Enumeral

Enumeral Biomedical Holdings, Inc., is engaged in the discovery of
monoclonal antibodies and other novel biologics for the diagnosis
and treatment of cancer, infectious and inflammatory diseases.  The
Company is currently focused on developing next generation
antibodies that are more precise in their effects on tumor- and
tissue-inflitrating lymphocyte functions via modulation of
regulatory proteins known as checkpoints.

Enumeral reported net income of $3.29 million in 2015 following a
net loss of $8.17 million in 2014.

As of Sept. 30, 2016, Enumerical had $4.04 million in total assets,
$4.85 million in total liabilities and a total stockholders'
deficit of $807,104.

Friedman LLP, in New York, New York, issued a "going concern"
qualification on the consolidated financial statements for the year
ended Dec. 31, 2015, citing the Company's recurring losses which
raise substantial doubt about its ability to continue as a going
concern.


ERICKSON INC: Nasdaq to Delist Common Stock Effective Dec. 19
-------------------------------------------------------------
The Nasdaq Stock Market, Inc., has determined to remove from
listing the common stock of Erickson Incorporated, effective at the
opening of the trading session on December 19, 2016.

Based on review of information provided by the Company, Nasdaq
Staff determined that the Company no longer qualified for listing
on the Exchange pursuant to Listing Rules 5101, 5110(b), and
IM-5101-1.

The Company was notified of the Staffs determination on November
10, 2016.  The Company did not appeal the Staff determination to
the Hearings Panel, and the Staff determination to delist the
Company became final on November 21, 2016.

                          About Erickson

Founded in 1971, Erickson Incorporated --
http://www.ericksoninc.com/-- is a vertically-integrated    
manufacturer and operator of the powerful heavy-lift Erickson S-64
Aircrane helicopter, and is a leading global provider of aviation
services.

Erickson currently possesses a diverse fleet of 69 rotary-wing and
fixed-wing aircraft that support a variety of government and civil
customers worldwide.

The Company, which employs 711 individuals, has a broad range of
aerial services consisting of three primary business segments: (i)
global defense and security, (ii) civil aviation services, and
(iii) manufacturing and maintenance, repair, and overhaul.

Jeff Roberts was appointed as president and chief executive
officer
in April 2015.  

Erickson Incorporated, based in Portland, OR, and its affiliates
each filed a Chapter 11 petition (Bankr. N.D. Tex.; Erickson
Incorporated, Case No. 16-34393; Evergreen Helicopters
International, Inc., Case No. 16-34392; EAC Acquisition
Corporation, Case No. 16-34394; Erickson Helicopters, Inc., Case
No. 16-34395; Erickson Transport, Inc., Case No. 16-34396;
Evergreen Equity, Inc., Case No. 16-34397; Evergreen Unmanned
Systems, Inc., Case No. 16-34398) on Nov. 8, 2016.  The Hon.
Barbara J. Houser presides over the cases.

In its petition, Erickson estimated $942.8 million in assets and
$881.5 million in liabilities.  

The Debtors have hired Haynes and Boone, LLP as counsel; Imperial
Capital LLC, as investment banker; Alvarez & Marsal as financial
and restructuring advisor; and Kurtzman Carson Consultants as
claims and noticing agent.


ESPRESSO DREAM: Sale of Four New York Leases Approved
-----------------------------------------------------
Judge Michael E. Wiles of the U.S. Bankruptcy Court for the
Southern District of New York authorized Espresso Dream, LLC, to
sell its interest in 4 non-residential real property leases for
premises located at (i) 1 Broadway, New York, (ii) 201 West 21st
Street, New York, (iii) 42 East 46th Street, New York, and (iv)
2541 Broadway, New York, New York, together with the furniture,
fixtures, and equipment located there at ("Assets").

The Sale Procedures Hearing was held on Nov. 22, 2016.

The Auction of the Assets was conducted on Nov. 29, 2016.

A Sale Hearing was held on Nov. 30, 2016

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

The bid of Filicori NYC, LLC in the amount of $620,000, plus waiver
of various claims as set forth for the leases for 1 Broadway,
Roosevelt Hotel, and UWS, and the furniture, fixture and equipment
there at, as well as the "Filicori" signage in existence at Chelsea
was found to be the highest and best bid for those Assets.

The bid of Shai Iluz in the amount of $205,000 for the lease for
Chelsea, and the furniture, fixture and equipment thereat, except
for the "Filicori" signage in existence thereat, plus the equipment
located in the kitchen at the Roosevelt Hotel was found to be the
highest and best bids for those Assets.

In connection with the bids submitted by the Successful Bidders,
Filicori Zecchini USA Corp. and Gruppo Industriale
Filicori-Zecchini S.P.A. ("Filicori Franchisor") and Filicori NYC
each have agreed to, inter alia, waive any claims to the furniture,
fixture, and equipment currently located at each of the Premises.

Iluz have placed an alternative bid for all of the Assets in the
amount of $805,000, which bid is the second highest bid for the
Assets.

Filicori NYC have placed an alternative bid for all of the Assets
in the amount of $800,000, which bid is the third highest bid for
the Assets.

Pursuant to Section 365 of the Bankruptcy Code, notwithstanding any
provision of the Leases or applicable non-bankruptcy law that
prohibits, restricts, or conditions the assignment of the Filicori
Leases, the Debtor is authorized to assume and to assign the
Filicori Leases to Filicori NYC, LLC, or its designee, which
assignment will take place on and be effective as of the Closing,
or as otherwise provided by order of the Court.

Filicori NYC is authorized to designate 2 separate entities to be
formed for the purpose of becoming tenants under the 1 Broadway and
UWS Leases.

The Closing will occur on within 3 business days of entry of the
Order unless the Debtor, Filicori NYC and Landlords all agree in
writing to a later date.  In the event that the Closing on the
Filicori Leases occurs after Dec. 10, 2016, and that such Closing
date is beyond 3 business days from entry of the Order, Filicori
NYC will be solely responsible for all rent and related charges
under each of the Filicori Leases and Filicori NYC will nonetheless
adjust the purchase price in favor of the Debtor for the portion of
the December rent pre-paid by the Debtor by the amount of all rent
and related charges commencing Dec. 10, 2016.  At the Closing, the
Landlords and Filicori will enter into a lease assignment and
assumption agreements for Filicori NYC to assign its rights to its
designees and the designees to assume the obligations under the
Filicori Leases.

The hearing to consider approval of Iluz as assignee of the Chelsea
Lease under Section 365(b) of the Bankruptcy Code is hereby
adjourned to provide the landlord for Chelsea additional time to
consider the qualifications of Iluz as assignee.  In consideration
for providing the additional time to review Iluz as assignee, the
landlord for Chelsea waives the Debtor's obligation for immediate
payment of rent and related charges due under the Chelsea Lease for
December 2016 and subsequent months' rent, but not the Debtor's
actual obligation to remit same, which shall be due and owing and
paid, subject to adjustment between the Debtor and Iluz as per the
APA, at the Closing on the assignment of the Chelsea lease.

The Closing with Iluz on the Chelsea Lease shall occur on or within
3 business days upon entry of an order approving the Debtor's
assumption and assignment of the Chelsea Lease to Iluz.  In the
event that Iluz's approval by the landlord for Chelsea as assignee
of the Chelsea Lease is still under consideration on or after Dec.
7, 2016, Iluz will be solely responsible for all rent and related
charges under the Chelsea Lease commencing Dec. 7, 2016.

At the Closing for each of the Leases, (i) the undisputed portion
of the cure amounts shall be paid to the respective Landlord, and
(ii) the Debtor will segregate and hold in escrow with Debtor's
counsel, DelBello Donnellan Weingarten Wise & Wiederkehr, LLP,
sufficient sale proceeds to pay the disputed portion of the
Landlords' asserted cure claim ("Cure Claim Funds") pending a
determination of the allowed cure amount by the Court or resolution
of the cure amount between the parties ("Allowed Cure Amount").
The remaining sale proceeds shall be held in escrow by the Trustee
pending further order of this Court. Any amounts held by Debtor's
counsel in excess of the Allowed Cure Amount will be remitted to
the Trustee promptly after resolution of the cure dispute and will
be held in escrow by the Trustee pending further order of the
Court.

With respect to the Lease for 1 Broadway and the letter of credit
provided by the Debtor as security under the 1 Broadway Lease,
Logany, LLC will draw down on the letter of credit in full.  The
monies received by Logany will be applied toward the Allowed Cure
Amount owed to Logany and the Debtor will provide a credit to
Filicori NYC at Closing or the amount of the letter of credit.
Filicori NYC will be required to (i) provide Logany with a letter
of credit from a New York commercial bank having an office for
presentation in the City of New York, in the amount of 9 months'
rent in substantially the same form as the letter of credit Logany
currently possesses, and (ii) provide good guy guarantees from
Asher Sharvit, Mordehay Foox, Oren Orbach in substantially the same
form as the guarantees Logany LLC now has in connection with the
lease.

Subject to the Closing of the Sale to Filicori NYC, Logany
acknowledges that the Lease for 1 Broadway is in full force and
effect and revokes with prejudice any prior Notice of Termination
that may have been issued related to the Lease, and will
discontinue any eviction or holdover proceedings related to the 1
Broadway Lease, with prejudice, within 3 business days of receipt
of the Allowed Cure Amount.

The rent payable to Landlords under the Leases for December 2016
will be paid at the respective Closings, with an adjustment of the
purchase price made in favor of the Debtor for the portion of
pre-paid rent for the month in accordance with the foregoing
provisions under the Order.

The Cure Claim Funds will be held in escrow and not disbursed
without further order of the Court.  Pending such disbursement, the
Landlords will be granted a first priority security interest in the
Cure Claim Funds to the extent of the Allowed Cure Claim Amount,
without the need for filing a UCC-1 financing statement, which lien
will be deemed extinguished, released and satisfied upon payment of
the Allowed Cure Claim Amount, with the balance of the Cure Claim
Funds, if any, to be delivered to the Trustee to be held in escrow
pending further order of the Court, free and clear of such lien as
well as any and all claims of the respective Landlord.

Upon payment of the Allowed Cure Amount to a Landlord, all claims
of such Landlord against the Debtor, its estate, or any of its
principals, officers, shareholders or parties who have executed
guaranties in connection with the Leases, will be deemed satisfied,
waived, released and expunged in full.

In connection with, and expressly conditioned on, the Debtor's Sale
of Assets as authorized in the Order, Filicori Franchisor and
Filicori NYC release any claims they previously asserted and may
have against the Assets such that the Assets are property of the
Debtor's estate and are being sold free and clear of any claims of
Filicori Franchisor and Filicori NYC, without a waiver of any
rights the Related Debtors may have as against the Sale Proceeds.
The release supersedes and replaces all prior understandings,
agreements, commitments, and/or obligations of Filicori Franchisor
to release rights or dismiss actions in connection with the
Debtor's Sale of Assets.

In connection with the Debtor's Sale of the Assets as authorized in
the Order, Filicori NYC LLC, Asher Sharvit, Esti Mazor, Stanislav
Shnaider ("Filicori Parties"), the Debtor, Moshe Maman, Shlomo
Levi, Shai Iluz, Espresso Dream MNGT, LLC, 601 Lex Filicori, LLC,
("Cafe Parties"), and the Trustee will enter into mutual Settlement
and Release Agreements.

Within 3 business days of the final closing on the Assets, the
Filicori Parties and the Cafe Parties will each discontinue with
prejudice, and to extent necessary withdraw any counterclaims with
prejudice, any actions commenced against each other including the
Adversary Proceeding entitled Filicori NYC LLC v. Espresso Dream
LLC, or under the State Court Action encaptioned Filicori NYC LLC
v. Espresso Dream , et al, Supreme Court of the State of New York,
County of New York, or under the State Court Action encaptioned
Shlomo Levi and Espresso Dream LLC v. Asher Sharvit, Esti Mazor,
Stanislav Shnaider, Supreme Court of the State of New York, County
of New York,
or the action pending under Index 086950/15 entitled Filicori NYC
LLC v. Espresso Dream LLC and Shlomo Levi in the Civil Court of the
State of New York, County of New York.  The Filicori Parties and
Cafe Parties each agree that they will execute the necessary
Stipulations of Discontinuance, necessary to effectuate the intent
of the Order within the time frames contemplated by the Order.

Notwithstanding any provision in the Bankruptcy Rules or the Local
Bankruptcy Rules to the contrary, (a) the terms of the Order will
be immediately effective and enforceable upon its entry, (b) the
Debtor is not subject to any stay, including without limitation the
stay contemplated by Bankruptcy Rules 6004(h) and 6006(d), in the
implementation, enforcement or realization of the relief granted in
this Order, and (c) the Debtor may, in its discretion and without
further delay, take any action and perform any act authorized under
the Order.

                    About Espresso Dream

Espresso Dream LLC filed a Chapter 11 petition (Bankr. S.D. N.Y.
Case No. 16-12749) on Sept. 30, 2016, and is represented by
Jonathan S. Pasternak, Esq., in White Plains, New York.  The
petition was signed by Moshe Maman, manager.  At the time of
filing, the Debtor had $1 million to $10 million in estimated
assets and $500,000 to $1 million in estimated liabilities.




ESSEX CONSTRUCTION: U.S. Trustee Unable to Appoint Committee
------------------------------------------------------------
The Office of the U.S. Trustee on Dec. 12 disclosed in a court
filing that no official committee of unsecured creditors has been
appointed in the Chapter 11 case of Essex Construction, LLC.

Essex Construction, LLC filed a Chapter 11 petition (Bankr. D. Md.
Case No. 16-24661), on November 4, 2016. The case is assigned to
Judge Thomas J. Catliota. The Debtor's counsel is Kim Y. Johnson,
at the Law Offices of Kim Y. Johnson.

At the time of filing, the Debtor estimated assets at $0 to $50,000
and liabilities at $1 million to $10 million. The petition was
signed by Roger R. Blunt, president and chief executive officer.


FOREST ENERGIES: Seeks to Hire Hill Fog as Accountant
-----------------------------------------------------
Forest Energies, LLC seeks approval from the U.S. Bankruptcy Court
for the Northern District of Alabama to hire an accountant.

The Debtor proposes to hire Hill, Fog & Associates, PC to give
advice regarding the continued management of its financial affairs,
prepare tax returns and other documents, and provide other
accounting services related to its Chapter 11 case.

George Hill, an accountant employed with the firm, will be paid an
hourly rate of $225 for his services.

Mr. Hill disclosed in a court filing that no member of his firm
holds or represents any interest adverse to the Debtor's bankruptcy
estate.

The firm can be reached through:

     George Hill
     Hill, Fog & Associates, PC
     2420 L&N Drive SW, Suite A
     Huntsville, AL 35801
     Phone: 1.256.539.4413

                      About Forest Energies

Forest Energies, LLC sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. N. D. Ala. Case No. 16-04794) on November
18, 2016.  The petition was signed by Lenn W. Morris, managing
member.  

The case is assigned to Judge Tamara O. Mitchell.  The Debtor is
represented by C. Taylor Crockett, P.C.

At the time of the filing, the Debtor estimated assets of less than
$50,000 and liabilities of $1 million to $10 million.


FOUNTAINS OF BOYNTON: Can Use Cash Collateral Until Jan. 5
----------------------------------------------------------
Judge Erik P. Kimball of the U.S. Bankruptcy Court for the Southern
District of Florida authorized Fountains of Boynton Associates,
Ltd. to use Hanover Acquisition 3, LLC's cash collateral on an
interim basis through Jan. 5, 2017.

Hanover Acquisition 3 has a security interest over real property
that is part of the development commonly known as the Fountains of
Boynton in Boynton Beach, Palm Beach, Palm Beach County, Florida,
also known as the Mortgaged Property.

The Debtor was authorized to use cash collateral to pay for the
operating expenses of the Mortgaged Property as set forth in the
approved Budget.  The Debtor was also authorized to use cash
collateral to pay for the amount necessary to repair the parking
lot area near the premises occupied by tenant Duffy's of Boynton
West, Inc. d/b/a Duffy's Sports Grill, in an amount not to exceed
$5,800.

The approved Monthly Budget provided for total expenses in the
amount of $92,477.

The Debtor was ordered to keep the Mortgaged Property insured
against all insurable hazards and liabilities.

The Debtor was directed to make monthly adequate protection
payments to Hanover Acquisition 3 the amount of $75,000.

Hanover Acquisition 3 was granted a valid, perfected, and
enforceable security interest in and upon all assets of the Debtor
created after the Petition Date of the same type and extent that
Hanover Acquisition 3 had a valid, perfected, and enforceable
security interest immediately before the Petition Date.

A final hearing on the Debtor's Motion is scheduled on Jan. 5, 2017
at 9:30 a.m.

A full-text copy of the Order, dated Dec. 12, 2016, is available at

http://bankrupt.com/misc/FountainsofBoynton2016_1616690epk_138.pdf

Hanover Acquisition 3, LLC, is represented by:

          Sara F. Holladay-Tobias, Esq.
          Emily Y. Rottmann, Esq.
          Courtney A. McCormick, Esq.
          MCGUIRE WOODS LLP
          50 N. Laura Street, Suite 3300
          Jacksonville, FL 32202
          Telephone: (904) 798-3200
          E-mail: sfhollad@mcguirewoods.com
                  erottmann@mcguirewoods.com
                  emccormick@mcguirewoods.com

                  - and -

          Thomas R. Walker, Esq.
          MCGUIREWOODS LLP
          1230 Peachtree Street, N.E.
          Suite 1200
          Atlanta, GA 30309
          Telephone: (404) 443-5705
          E-mail: 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 petition was signed by
John B. Kennelly, manager.  The Debtor considers itself a "single
asset real estate".  Judge Erik P. Kimball oversees the case.  The
Debtor disclosed total assets of $71,421,648 and total liabilities
of $53,672,029.  Bradley S. Shraiberg, Esq., and Patrick Dorsey,
Esq., at Shraiberg, Ferrara, & Landau, serve as the Debtor's
counsel.  

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.



FTZ NETWORKS: Hires Toni Campbell Parker as Attorney
----------------------------------------------------
FTZ Networks, Inc., seeks authorization from the U.S. Bankruptcy
Court for the Northern District of Mississippi to employ the Law
Firm of Toni Campbell Parker as attorney for Debtor-in-Possession.

The Debtor-in-Possession is in control of its property and will
continue to operate the ongoing business of the Debtor pursuant to
the Bankruptcy Code and has need of counsel in this case.

The Debtor-in-Possession requires the Firm as counsel in these
matters.

The Firm will be paid at these hourly rates:

     Toni Campbell Parker         $300
     Paraprofessional             $100

A retainer of $10,000.00 has been paid to the Firm.

Toni Campbell Parker, Esq., sole practitioner of the Law Firm of
Toni Campbell Parker, assured the Court that the firm does not
represent any interest adverse to the Debtor and its estates.

The Firm may be reached at:

     Toni Campbell Parker, Esq.
     Law Firm of Toni Campbell Parker
     615 Oakleaf Office Lane, Suite 201
     Memphis, TN 38117
     Tel: (901) 683-0099
     Fax: (866) 489-7938
     E-mail: tparker001@bellsouth.net

                      About FTZ Network

FTZ Network, Inc. filed a Chapter 11 bankruptcy petition (Bankr.
N.D.Miss. Case No. 16-14020) on November 14, 2016. Toni Campbell
Parker, Esq., at Law Firm of Toni Campbell Parker
serves as bankruptcy counsel.

The Debtor's assets and liabilities are both below $1 million.



GATOR CRANE: Wants to Use 1st Source Bank Cash Collateral
---------------------------------------------------------
Gator Crane Services, LLC, asks the U.S. Bankruptcy Court for the
Western District of Louisiana for authorization to use 1st Source
Bank's cash collateral.

The Debtor owns a variety of commercial and industrial use crane
equipment that it uses to provide construction and excavation
services.  The Debtor relates that such services operation
generates revenues which it uses to pay is operating costs.

The Debtor is indebted to 1st Source Bank pursuant to:

     (1) a promissory note in the principal amount of $221,661,
which is secured by 11 Lincoln K1278-12 Welders;

     (2) a promissory note in the principal amount of $430,580,
which is secured by a 2007 Link Belt HTC-8675 Truck Crane; and

     (3) a revolving promissory note, with a maximum facility
amount of $220,000, which is secured by certain equipment
inventory.

The Debtor tells the Court that it intends to continue operations
and requires the use of proceeds from prepetition accounts
receivable.  The Debtor further tells the Court that it will suffer
immediate and irreparable injury if it is not permitted to use cash
collateral as it must pay payroll, vendors, suppliers, utilities
and other costs of operation.

The Debtor's proposed 13-week Budget provides for total
disbursements in the amount of $236,600.

The Debtor proposes to provide 1st Source Bank with a replacement
lien on any post-petition generated accounts receivable to the
extent necessary to alleviate any impairment of 1st Source Bank's
secured position.  The Debtor contends that its proposed Budget
shows that it will generate sufficient post-petition accounts
receivable to adequately protect 1st Source Bank.

A full-text copy of the Debtor's Motion, dated Dec. 12, 2016, is
available at http://bankrupt.com/misc/GatorCrane2016_1651669_7.pdf

Gator Crane Services, LLC, is represented by:

          Paul Douglas Stewart, Jr., Esq.
          Brandon A. Brown, Esq.
          Ryan J. Richmond, Esq.
          STEWART ROBBINS & BROWN LLC
          P.O. Box 2348
          Baton Rouge, LA 70821-2348
          Telephone: (225) 231-9998
          E-mail: dstewart@stewartrobbins.com
                  bbrown@stewartrobbins.com
                  rrichmond@stewartrobbins.com

                 About Gator Crane Services, LLC

Gator Equipment Rentals of Iberia, LLC, Gator Equipment Rental of
Fourchon, LLC, Gator Crane Services, LLC, and Gator Equipment
Rentals, LLC, filed chapter 11 petitions (Bankr. Case No. 16-51667,
16-51668, 16-51669, and 16-51671) on Dec. 5, 2016.  The Debtors are
represented by Paul Douglas Stewart, Jr., Esq., Brandon A. Brown,
Esq., and Ryan J. Richmond, Esq., at Stewart Robbins & Brown LLC.


GATOR EQUIPMENT: Seeks Approval for Use of Regions Bank Cash
------------------------------------------------------------
Gator Equipment Rentals, LLC, asks the U.S. Bankruptcy Court for
the Western District of Louisiana for authorization to use cash
collateral.

The Debtor derives revenues from the rental of its inventory.  The
Debtor relates that these rentals of inventory, from time to time,
generate accounts receivable, which, when paid, become proceeds
that the Debtor uses to fund its daily operations.  The Debtor
further relates that it intends to continue operations and to do so
will require use of proceeds from prepetition accounts receivable.

The Debtor is indebted to Regions Bank in the approximate aggregate
amount of $4,668,782 as of December 12, 2016, pursuant to three
promissory notes.

Regions Bank has a security interest in the Debtor's Accounts
Receivable, a mortgage on the real property underlying the Gator
Equipment location, mortgages on several personal residences of the
Debtor's principals, as well as liens against all equipment,
inventory, fixtures, and general intangibles owned by the Debtor.

The Debtor believes that the value of the collateral securing
Regions Bank's claim is approximately $4,635,299.11.

The Debtor proposes to provide Regions Bank with replacement liens
on any postpetition generated accounts receivable and the
unencumbered inventory of affiliate Gator Iberia, which is
appraised at $557,825 at forced liquidation value, to the extent
necessary to alleviate any impairment which the use of cash
collateral would cause Regions Bank's secured position.

A full-text copy of the Debtor's Motion, dated Dec. 12, 2016, is
available at
http://bankrupt.com/misc/GatorEquipment2016_1651667_20.pdf

Gator Equipment Rentals, LLC, is represented by:

          Paul Douglas Stewart, Jr., Esq.
          Brandon A. Brown, Esq.
          Ryan J. Richmond, Esq.
          STEWART ROBBINS & BROWN LLC
          P.O. Box 2348
          Baton Rouge, LA 70821-2348
          Telephone: (225) 231-9998
          E-mail: dstewart@stewartrobbins.com
                  bbrown@stewartrobbins.com
                  rrichmond@stewartrobbins.com

                 About Gator Equipment Rentals

Gator Equipment Rentals of Iberia, LLC, Gator Equipment Rental of
Fourchon, LLC, Gator Crane Services, LLC, and Gator Equipment
Rentals, LLC, filed Chapter 11 petitions (Bankr. Case No. 16-51667,
16-51668, 16-51669, and 16-51671) on Dec. 5, 2016.  The Debtors are
represented by Paul Douglas Stewart, Jr., Esq., Brandon A. Brown,
Esq., and Ryan J. Richmond, Esq., at Stewart Robbins & Brown LLC.


GK & SONS: Seeks to Hire Leiderman Shelomith as Legal Counsel
-------------------------------------------------------------
GK & Sons Holdings LLC and HPI Plumbing, Inc. seek approval from
the U.S. Bankruptcy Court for the Southern District of Florida to
hire legal counsel in connection with their Chapter 11 cases.

The Debtors propose to hire Leiderman Shelomith Alexander +
Somodevilla, PLLC to give legal advice regarding their duties under
the Bankruptcy Code, represent the Debtors in negotiation with
their creditors in the preparation of a bankruptcy plan, and
provide other legal services.

Zach Shelomith, Esq., and Ido Alexander, Esq., the attorneys
designated to represent the Debtors, will be paid $425 per hour and
$325 per hour, respectively.  The hourly rate of other Leiderman
professionals ranges from $120 to $425.  

Leiderman is a "disinterested person" as defined in section 101(14)
of the Bankruptcy Code, according to court filings.

The firm can be reached through:

     Ido Alexander, Esq.
     Leiderman Shelomith Alexander +
     Somodevilla, PLLC
     2 South Biscayne Boulevard, Suite 2300
     Miami, FL 33131
     Tel: (305) 894-6163
     Fax: (305) 503-9447

                    About GK & Sons Holdings

GK & Sons Holdings, LLC and HPI Plumbing, Inc. filed Chapter 11
bankruptcy petitions (Bankr. S.D. Fla. Case Nos. 16-21298 and
16-21297) on August 16, 2016.  The cases are jointly administered.

The petitions were signed by Glenroy Hessing, HPI president and GK
& Sons managing member.

The Hon. Paul G. Hyman, Jr., presides over the cases.
    
At the time of the filing, the Debtors estimated assets of less
than $1 million and liabilities of and $1 million to $10 million in
liabilities.

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


GOLDMAN SACHS: Fitch Affirms 'BB+' Preferred Equity Rating
----------------------------------------------------------
Fitch Ratings has affirmed The Goldman Sachs Group, Inc.'s
(Goldman) Long-Term and Short-Term Issuer Default Ratings (IDRs) at
'A/F1', and its Viability Rating (VR) at 'a'. The Rating Outlook is
Stable.

The rating affirmations have been taken in conjunction with Fitch's
periodic review of the Global Trading and Universal Banks (GTUBs).

KEY RATING DRIVERS

IDRs, VR, SENIOR DEBT, AND DERIVATIVE COUNTERPARTY

Fitch's affirmation of Goldman's ratings and the maintenance of the
Stable Outlook reflect the company's strong franchise,
differentiated risk management culture, strong capital ratios, and
solid liquidity position. Rating constraints include Fitch's view
of the cyclicality of the company's business model and higher
reliance on wholesale funding than some peer institutions.

In addition, Fitch has assigned Derivative Counterparty Ratings
(DCRs) to Goldman Sachs Group and to Goldman Sachs & Co., and
Goldman Sachs International as the entities have material
derivatives activities as part of its roll out of DCRs to
significant derivative counterparties in Western Europe and the
U.S. DCRs are issuer ratings and express Fitch's view of banks'
relative vulnerability to default under derivative contracts with
third-party, non-government counterparties. The DCR of each entity
is equalized with each entity's Long-Term IDR.

Goldman's investment banking franchise continues to be very strong
and has consistently ranked near the top of league tables. Fitch
believes that this positioning garners the company small price
premiums in what is a very competitive marketplace.

Goldman's ratings benefit from a strong market share in advisory
though results may be slower than in prior years. Additionally,
Fitch expects underwriting net revenue to remain good, particularly
as Goldman continues to focus on growing its market share in debt
underwriting.

While Goldman has a strong market position in many trading
businesses, it is also noteworthy that results from trading are
variable in nature.

For example, over the last year Goldman's trading businesses have
exhibited volatility driven largely by marketwide weakness in the
Fixed Income, Currency, and Commodities (FICC) segment during the
first two quarters 2016. However, in the third quarter of 2016
(3Q16), Goldman and other peer banks benefited from higher volumes
in many of their FICC businesses, which drove improved results.
This volatility has been in part mitigated by cost reduction
measures over the last year.

Goldman's annualized return on equity (ROE) in 3Q16 was 11.2% due
to the factors noted above; pulling up the company's annualized ROE
over the first nine months of the year to 8.7%, which is still
below Goldman's long-term averages.

Performance over the course of this past year highlights the degree
to which Goldman's capital markets revenues are influenced by
market conditions and client confidence to transact, implying a
higher inherent cyclicality to Goldman's core activities relative
to some other more broadly diversified peer institutions, which
creates some limitation on Goldman's upward rating potential.

Goldman's capital ratios remain good, with the company's fully
phased-in Basel III Common Equity Tier 1 (CET1) ratio at 11.9% at
3Q16. Goldman's Fitch Core Capital (FCC) ratio as of 3Q16 was
12.3%. Goldman's reported CET1 is inline with GTUB peer medians,
which Fitch views as appropriate and supportive to the ratings.

Goldman's ratings also incorporate the company's more significant
reliance on wholesale funding than most other GTUBs, whose funding
profiles are typically core in nature and skewed to a larger
proportion of low-cost and sticky retail deposit funding.

Fitch would note, however, that in April 2016 Goldman closed on the
purchase of General Electric's online deposit platform, which added
$16 billion of deposits to the balance sheet and should provide an
avenue for future deposit growth. That said, as of 3Q16, deposits
constituted only 15.7% of total liabilities, below the proportion
of many peer institutions.

Notably, Goldman is using some of its growing deposit funding for
its recently launched consumer lending platform, "Marcus By
Goldman." This product is Goldman's first foray into consumer
lending, although Fitch expects the level and growth of these
consumer loans to be very measured. Fitch does not expect this
segment to be a meaningful rating driver for some time given its
small size.

Fitch views Goldman's overall liquidity position as conservative.
Goldman's Global Core Liquid Assets (GCLA) increased to a solid
$214 billion, or 24.3% of total assets at 3Q16 up from $199 billion
or 23.1% of total assets at year-end (YE) 2015.

DERIVATIVE COUNTERPARTY RATING

Fitch has assigned a derivative counterparty rating (DCR) to
Goldman's parent company, its main U.S. broker-dealer Goldman Sachs
& Co. (GSCO) and its main international broker-dealer Goldman Sachs
International (GSI).

The DCR for the parent, GSCO, and GSI is equalized with Goldman's
IDR for each entity reflecting Fitch's view that derivative
counterparties to Goldman will rank equally to other senior
unsecured creditors.

SUBORDINATED DEBT AND OTHER HYBRID SECURITIES

Subordinated debt and other hybrid capital issued by Goldman are
all notched down from the VR in accordance with Fitch's assessment
of each instrument's respective non-performance and relative loss
severity risk profile, which vary considerably. Subordinated debt
issued by the operating companies is rated at the same level as
subordinated debt issued by Goldman, reflecting the potential for
subordinated creditors in the operating companies to be exposed to
loss ahead of senior creditors in Goldman.

Goldman's subordinated debt is rated one-notch below Goldman's VR,
its preferred stock is rated five notches below the VR (which
encompasses two notches for non-performance and three notches for
loss severity), and its trust preferred stock is rated four notches
below the VR (encompassing two notches for non-performance and two
notches for loss severity).

LONG- AND SHORT-TERM DEPOSIT RATINGS

U.S. deposit ratings of Goldman Sachs Bank USA (GSBUSA) are
one-notch higher than senior debt ratings of GSBUSA reflecting the
deposits' superior recovery prospects in case of default given
depositor preference in the U.S.

Goldman Sachs International Bank's (GSIB) deposit ratings are at
the same level as their senior debt ratings because their
preferential status is less clear and disclosure concerning dually
payable deposits makes it difficult to determine if they are
eligible for U.S. depositor preference.

SUBSIDIARY AND AFFILIATED COMPANY

The Long-Term IDR of GSBUSA benefits from an institutional Support
Rating of '1', which indicates Fitch's view that the propensity of
the parent company to provide capital support to the operating
subsidiaries is extremely high.

Additionally, the Long-Term IDRs for the material U.S. operating
entities, GSBUSA and the main broker dealer Goldman Sachs & Co.
(GSCO) are rated one-notch above Goldman's Long-Term IDR to reflect
Fitch's belief that the U.S. single point of entry (SPOE)
resolution regime, the likely implementation of total loss
absorbing capacity (TLAC) requirements for U.S. global systemically
important banks (G-SIBs), and the presence of substantial holding
company debt reduce the default risk of these domestic operating
subsidiaries' senior liabilities relative to holding company senior
debt.

Additionally, the 'F1' Short-Term IDR of GSBUSA is at the lower of
the two potential Short-Term IDRs which map to an 'A' Long-Term IDR
on Fitch's rating scale, in order to reflect the company's greater
reliance on wholesale funding than more retail-focused banks.
Goldman's main broker-dealer, GSCO's Short-Term IDR of 'F1'
reflects the view that there is less surplus liquidity at this
entity, particularly given its greater reliance on the holding
company for liquidity.

The senior secured debt ratings of GSCO are equalized with the IDR
of the entity as Fitch does not have on-going visibility into the
collateral underlying the notes.

MATERIAL INTERNATIONAL SUBSIDIARIES

Goldman Sachs International (GSI) and GSIB are wholly owned
subsidiaries of Goldman whose IDRs and debt ratings are aligned
with the bank holding company's ratings because of their core
strategic role in and integration into Goldman.

Fitch revised the entities' Positive Outlooks to Stable since
further clarity on host country internal TLAC proposals continues
to be delayed. At this time, it remains unclear whether the IDRs
will benefit from sufficient junior debt buffers at these
entities.

The senior secured debt rating of GSI is equalized with the IDR of
the entity as Fitch does not have on-going visibility into the
collateral underlying the notes.

SUPPORT RATING AND SUPPORT RATING FLOOR

The Support Rating (SR) and Support Rating Floor (SRF) for Goldman
reflect Fitch's view that senior creditors cannot rely on receiving
extraordinary support from the sovereign in the event that Goldman
becomes non-viable. In Fitch's view, implementation of the Dodd
Frank Orderly Liquidation Authority legislation has now
sufficiently progressed to provide a framework for resolving banks
that is likely to require holding company senior creditors to
participate in losses, if necessary, instead of or ahead of the
company receiving sovereign support.

As previously noted, GSBUSA has a SR of '1', which reflects Fitch's
view of an extremely high probability of institutional support for
the entity. GSBUSA does not have a VR at this time, given Fitch's
view of its more limited role within the group structure.

RATING SENSITIVITIES

VR, IDRs, SENIOR DEBT, AND DERIVATIVE COUNTERPARTY RATING

In Fitch's view, Goldman's VR is solidly situated at its current
rating level. However, to the extent that the company is able to
further improve both its returns on equity and the stability of its
earnings profile while at the same time further reducing its
reliance on wholesale funding and maintaining above-peer-level
capital ratios, there could be some longer-term upside to the
company's ratings. That said, ratings are likely limited to the 'A'
rating category reflecting the cyclicality of many of Goldman's
business activities and its primary reliance on wholesale,
confidence-sensitive funding sources.

Downward pressure on the VR could result from a material loss,
significant increase in leverage, or deterioration in funding and
liquidity levels. Similarly, any unforeseen outsized or unusual
fines, settlements or charges levied could also have adverse rating
implications, particularly if permanent franchise damage is
incurred as a result. Additionally, any sizable risk management
failure could result in negative pressure on Goldman's ratings.

Additionally, and while not expected, to the extent that the
company's operating performance, as measured by return on equity,
is below peers or the company's historical averages for an extended
period this could ultimately lead to negative ratings pressure over
a longer-term time horizon.

Fitch notes that Goldman, GSCO, and GSI's long-term IDR, senior
debt and DCR are equalized with the VR at the holding company. Thus
Goldman's IDR, senior debt ratings and DCR would be sensitive to
any changes in Goldman's VR.

DERIVATIVE COUNTERPARTY RATING

DCRs are primarily sensitive to changes in the respective issuers'
Long-Term IDRs. In addition, they could be upgraded to one notch
above the IDR if a change in legislation (for example as recently
proposed in the EU) creates legal preference for derivatives over
certain other senior obligations and, in Fitch's view, the volume
of all legally subordinated obligations provides a substantial
enough buffer to protect derivative counterparties from default in
a resolution scenario.

SUBSIDIARIES AND AFFILIATED COMPANIES

As noted, GSBUSA carries an institutional support rating of '1', as
Fitch believes support from the parent would be extremely highly
likely.

Additionally, GSBUSA and GSCO's long-term IDRs are rated one-notch
higher than the parent holding company's IDR because each
subsidiary benefits from the structural subordination of holding
company TLAC, which effectively supports senior operating
liabilities of each subsidiary. Any change in Fitch's view on the
structural subordination of TLAC with respect to GSBUSA and GSCO
could also result in a change to each entity's Long-Term IDR.

MATERIAL INTERNATIONAL SUBSIDIARIES

Following the Rating Outlook revision to Stable, GSI and GSIB's
ratings are sensitive to the same factors that might drive a change
in Goldman's VR.

SUBORDINATED DEBT AND OTHER HYBRID SECURITIES

Subordinated debt and other hybrid ratings are primarily sensitive
to any change in Goldman's VR and secondarily to a change in
Fitch's recovery expectations for such instruments.

LONG- AND SHORT-TERM DEPOSIT RATINGS

GSBUSA's deposit ratings are sensitive to any change in the
entity's Long-Term IDR which is sensitive to any change in the VR
of the parent company given the institutional support rating of
'1'. Thus, deposit ratings are ultimately sensitive to any change
in Goldman's VR or to any change in Fitch's view of institutional
support for GSBUSA.

GSIB's deposit ratings are sensitive to any change in its Long-Term
IDR which is sensitive to any change in the VR of the parent
company given that Fitch has equalized the long-term IDR of GSIB
with that of the parent company given its core nature in Goldman's
operations.

SUPPORT RATING AND SUPPORT RATING FLOOR

SRs and SRFs would be sensitive to any change in Fitch's view of
support. However, since these ratings were downgraded to '5' and
'No Floor', respectively, in May 2015, there is unlikely to be any
change to these ratings in the foreseeable future.

GSBUSA's institutional support rating of '1' is sensitive to any
change in Fitch's views of potential institutional support for this
entity from the parent company.

Fitch has affirmed the following ratings:

   Goldman Sachs Group, Inc.

   -- Long-Term IDR at 'A' with a Stable Outlook;

   -- Long-term senior debt at 'A';

   -- Viability Rating at 'a';

   -- Short-Term IDR at 'F1';

   -- Commercial paper at 'F1';

   -- Support at '5';

   -- Support Floor at 'NF';

   -- Market linked securities at 'Aemr';

   -- Subordinated debt at 'A-';

   -- Preferred equity at 'BB+';

   -- GS Finance Corp senior unsecured medium-term note program,
      series E at 'A'.

   Goldman Sachs Bank, USA

   -- Long-Term IDR at 'A+' with a Stable Outlook;

   -- Long-term senior debt at 'A+';

   -- Long-term deposits at 'AA-';

   -- Short-Term IDR at 'F1';

   -- Short-term debt at 'F1';

   -- Short-term deposits at 'F1+';

   -- Support Rating at '1'.

   Goldman, Sachs & Co.

   -- Long-Term IDR at 'A+' with a Stable Outlook;

   -- Short-Term IDR at 'F1';

   -- Long-term senior debt at 'A+';

   -- Short-term debt at 'F1';

   -- Senior secured long-term notes at 'A+'.

   -- Senior secured short-term notes at 'F1'.

   Goldman Sachs AG

   -- Long-Term IDR at 'A' with a Stable Outlook;

   -- Short-Term IDR at 'F1'.

   Goldman Sachs Bank (Europe) plc

   -- Long-term senior secured guaranteed debt at 'A';

   -- Short-term senior secured guaranteed debt at 'F1';

   -- Short-term debt at'F1'.

   Goldman Sachs Paris Inc. et Cie.

   -- Long-Term IDR at 'A' with a Stable Outlook;

   -- Short-Term IDR at 'F1'.

   Ultegra Finance Limited

   -- Long-term senior debt at 'A';

   -- Short-term debt at 'F1'.

   Goldman Sachs Financial Products I Limited

   -- Long-term senior unsecured at 'A'.

   Goldman Sachs Capital I

   -- Trust preferred at 'BBB-'.

   Goldman Sachs Capital II, III

   -- Preferred equity at 'BB+'.

   Murray Street Investment Trust I

   -- Senior guaranteed trust securities at 'A'.

Fitch has affirmed the following ratings and revised the Rating
Outlook to Stable from Positive:

   Goldman Sachs International

   -- Long-term IDR at 'A' Outlook revised to Stable from
      Positive;

   -- Short-term IDR at 'F1';

   -- Senior secured long-term notes at 'A';

   -- Senior secured short-term notes at 'F1';

   -- Short-term debt at 'F1';

   -- Long-term senior debt at 'A';

   -- Senior market linked notes at 'Aemr'.

   Goldman Sachs International Bank

   -- Long-Term IDR at 'A' Outlook revised to Stable from
      Positive;

   -- Short-Term IDR at 'F1'

   -- Long-term deposits at 'A';

   -- Short-term deposits at 'F1'.

Fitch assigns the following rating:

   Goldman Sachs Group, Inc.
   Goldman Sachs International

   -- Derivative Counterparty Rating 'A(dcr)'.

   Goldman, Sachs & Co.

   -- Derivative Counterparty Rating 'A+(dcr)'.


GREEN STAR LIGHTING: U.S. Trustee Unable to Appoint Committee
-------------------------------------------------------------
An official committee of unsecured creditors has not yet been
appointed in the Chapter 11 case of Green Star Lighting
Technologies, LLC, as of Dec. 13, according to a court docket.

        About Green Star Lighting Technologies

Green Star Lighting Technologies, LLC, sought protection under
Chapter 11 of the Bankruptcy Code (Bankr. N. D. Ga. Case No.
16-70495) on Nov. 14, 2016.  The Petition was signed by its
sole member, Lawrence Jarman.  The case is assigned to Judge Wendy
L. Hagenau.  At the time of filing, the Debtor estimated assets at
$50,000 to $100,000 and liabilities at $100,000 to $500,000.

The Debtor is represented by Douglas Jacobson, Esq., at the Law
Offices of Douglas Jacobson, LLC.


GULFCOAST SPECIALTY: Disclosures Okayed, Plan Hearing on Feb. 10
----------------------------------------------------------------
The U.S. Bankruptcy Court for the Northern District of Florida will
consider approval of the Chapter 11 plan of reorganization of
GulfCoast Specialty Products & Services Inc. at a hearing on Feb.
10, at 10:00 a.m.

The hearing will be held at 100 N. Palafox Street, Courtroom 1,
Pensacola, Florida.

The court will also consider at the hearing the final approval of
the company's disclosure statement, which it conditionally approved
on Nov. 29.

The order set a Feb. 3 deadline for creditors to cast their votes
and file their objections.

                    About GulfCoast Specialty

GulfCoast Specialty Products & Services, Inc. sought protection
under Chapter 11 of the Bankruptcy Code (Bankr. N. D. Fla. Case No.
15-31056) on Oct. 19, 2015.  The petition was signed by Wayne A.
Bernheisel, president.  The case is assigned to Judge Jerry C.
Oldshue Jr.  

At the time of the filing, the Debtor estimated its assets at
$100,000 to $500,000 and debts at $1 million to $10 million.


HARMAC CORP: Hires VRI Homes and Lee & Associates as Realtors
-------------------------------------------------------------
Harmac Corp., and its debtor-affiliates seek authorization from the
U.S. Bankruptcy Court for the District of New Jersey to retain VRI
Homes and Lee & Associates as realtors.

The Debtors are marketing their real properties located at 1429
US-22, Mountainside, New Jersey; 1163-1165 Mary Street, Elizabeth,
New Jersey;  111-113 Cherry Street, Elizabeth, New Jersey; 137 West
5th Avenue, Roselle, New Jersey and 301 3rd Street, Elizabeth, New
Jersey.

The Debtors require VRI and Lee & Associates to list the Properties
for sale, including listing in the Multiple Listing Service,
arrange for the Properties to be shown, assist in the presentation
of contracts of sales, and negotiations regarding same and assist
in the consummation of a sale approved by the Bankruptcy Court.

VRI Homes and Lee & Associates will receive commission of 6% of the
contract sale price, which will be split 4% to Lee & Associates and
2% to VRI.

Lawrence Vecchio, owner of VRI Homes, assured the Court that the
firm does not represent any interest adverse to the Debtors and
their estates.

VRI Homes may be reached at:

       Lawrence Vecchio
       VRI Homes
       3400 Highway 35
       Hazlet, NJ07730

                      About Harmac Corp.

Headquartered in New Jersey, HarMac Corp., et al., are engaged in
the rental business owning four residential rooming
houses
(specifically for low income individuals) with 69 units
and a
commercial office building located in Union County. The
units
consist of studios and shared living spaces, and most rents
are
subsidized.



HarMac Corp., Mary Street Housing, LLC, 111 Cherry Street,
Inc., 137 West 5th Associates, LLC and 301 3rd Street, LLC, each
filed a voluntary petition under Chapter 11 of the Bankruptcy Code
(Bankr. D.N.J. Lead Case No. 16-29568) on Oct. 13, 2016.  The
Chapter 11 cases are jointly administered.  The Chapter 11 cases
are assigned to Judge Vincent F. Papalia.



The Debtors are represented by Robert S. Roglieri, Esq.,
and
Richard D. Trenk, Esq., at Trenk, Dipasquale, Dellafera &
Sodona, P.C., in West Orange, New Jersey.



HEALTH NET: Fitch Affirms Then Withdraws 'BB' LT IDR
----------------------------------------------------
Fitch Ratings has affirmed the Insurer Financial Strength (IFS)
ratings assigned to various Centene Corporation (CNC) insurance
company subsidiaries at 'BBB'. The Rating Outlooks have been
revised to Stable from Negative.

The rating actions follow completion of a periodic review of CNC's
financial and operating profile. The rating actions reflect CNC's
good capitalization and business profile and solid debt service
capabilities and financial performance. The Outlook revisions to
Stable reflects Fitch's heightened comfort that CNC's key financial
metrics will continue to support the company's current ratings as
it continues to integrate HNT and responds to potential changes in
the Medicaid market from the November elections.

KEY RATING DRIVERS

Fitch characterizes CNC's capitalization and leverage as "good"
('bbb' category). Key considerations underlying this
characterization are Fitch's projections that CNC's debt-to-EBITDA
and financial leverage ratios (FLR) will range from 2.5x to 3.0x
and 40% to 45%, respectively over the next 12 to 24 months. Other
key considerations underlying Fitch's characterization of CNC's
capitalization and leverage are the company's insurance
subsidiaries' NAIC risk-based capital (RBC) ratios and ratios of
premiums to surplus, which Fitch believes are likely to be in a
range of 175% to 200% and 8.0x to 9.0x, respectively.

CNC has a "good" ('bbb' category) business profile. The company
maintains a leading market share in the Medicaid market and roughly
79% of its at-risk membership is derived from Medicaid. The
favorable aspects of this leading market position are tempered by
heightened uncertainty around the Medicaid market due to the
November 2016 election outcome that may result in reductions in
federal Medicaid funding and by Fitch's long-held view that
Medicaid membership is less able to generate profit margins and
capital stability than commercial membership. Favorably, Fitch
notes that CNC's membership is geographically diverse with members
from California, Texas, Florida, Arizona and Georgia representing
51% of the total. Also considered in CNC's business profile
assessment are the company's rapid organic and acquisition-related
growth and overall effectiveness in managing growth-related risks.


CNC's debt service capabilities and financial flexibility is
considered "good" ('bbb' category). Fitch projects CNC's operating
EBITDA-based interest coverage ratios to be in a range of 7.0x to
10.0x over the next 12 to 24 months. Financial flexibility is
derived from $700 million available under a $1 billion credit
facility and proven capital market access. To date in 2016, CNC has
issued $4.1 billion of senior notes and $3.1 billion of common
shares, primarily to fund its acquisition of HNT and to redeem
existing debt. The company's operating EBITDA-based interest
coverage ratio through the first nine months of 2016 excluding
HNT-related acquisition expenses was 8.7x.

Fitch categorizes CNC's financial performance and earnings as good
('bbb' category). Fitch projects CNC's near-term ratios of
EBITDA-to-revenues in a range of 3% to 5% and its net income
/average capital ratios at 4% to 6%. Through the first nine months
of 2016 CNC's $1.2 billion of EBITDA (excluding $224 million of
HNT-related acquisition fees) resulted in an EBITDA-to-revenue of
4.3% and its ratio of annualized net income-to-average capital was
5.8%.

RATING SENSITIVITIES

Upgrades could occur if CNC consistently generates (i)
debt-to-EBITDA and FLRs approximating 2.0x and 35% respectively
(ii) operating EBITDA-based and subsidiaries' dividend based
interest coverage ratios approximating 10x and 5x respectively.
Upgrades could also occur if CNC grows its commercial membership,
which in Fitch's view, would reduce risks derived from the
company's current Medicaid concentration and potentially increase
the company's EBITDA-based profit margin.

Downgrades could occur if CNC consistently generates (i)
debt-to-EBITDA and FLRs exceeding 3.0x and 45% respectively (ii)
operating EBITDA-based and subsidiaries' dividend based interest
coverage ratios approximating 4x and 2x, respectively. Downgrades
could also occur if CNC experienced earnings disruptions related to
the potential repeal and replacement of the Affordable Care Act,
the integration of HNT or the company's recent rapid acquisition
and organic driven membership and revenue growth.

Fitch has affirmed the IFS ratings for the following at 'BBB':

   -- Health Net of California, Inc.

   -- Health Net of Arizona, Inc.

   -- Health Net Health Plan of Oregon, Inc.

The Rating Outlooks have been revised to Stable from Negative.

Fitch has affirmed and withdrawn the following rating assigned to
HNT:

   -- Long-Term Issuer Default Rating (IDR) at 'BB'.



HUNTWICKE CAPITAL: Amends Current Report on Share Agreements
------------------------------------------------------------
Huntwicke Capital Group Inc. filed with the Securities and Exchange
Commission an amended current report on Form 8-K/A regarding the
share agreements between Magnolia Lane Financial Group, a wholly
owned subsidiary of the Company, and Phalanx Partners LLC and WS
Advantage, LP, respectively.  The Share Agreements were to be made
between the Company and the respective parties, and not Magnolia.
The amended current report was filed for the purpose of properly
defining the Parties to the respective Share Agreements and also to
disclose that the acquisition of Huntwicke Securities LLC is
subject to approval by the Financial Industry Regulatory
Authority.

On Nov. 1, 2016, Huntwicke Capital entered into a Share Agreement
with Phalanx Partners, LLC, whereby the Company issued 96,199
shares of the Company's common stock to Phalanx Partners in
exchange for all the interest in Huntwicke Securities LLC and
Huntwicke Advisors, LLC.  The acquisition of Huntwicke Securities
LLC is subject to approval by the Financial Industry Regulatory
Authority.  Phalanx Partners is owned and managed by the Company's
president.

On Nov. 1, 2016, the Company entered into a Share Agreement with WS
Advantage LP whereby the Company issued 125,000 shares of the
Company's common stock to WS Advantage LP in exchange for all of WS
Advantage LP's interest in Riversky Realty LLC, which owns the
property located at 17/19 Main Street, Topfield, MA.  WS Advantage
LP is owned and managed by the Company's president.

                    About Huntwicke Capital

Huntwicke Capital Group Inc., formerly known as Magnolia Lane
Income Fund, was incorporated in the state of Delaware on May 12,
2009.  The Company was formed to commence business as a stock agent
in the wool trade.

On May 13, 2013, the Company entered into a stock purchase
agreement with Ian Raleigh and Michael Raleigh and Magnolia Lane
Financial, Inc., whereby the Purchaser purchased from the Sellers,
10,000,000 shares of common stock, par value $0.0001 per share, of
the Company, representing approximately 69.57% of the issued and
outstanding shares of the Company.  As a result, the Purchaser
became the majority shareholder of the Company.

Magnolia Lane reported a net loss of $197,969 for the year ended
April 30, 2016, compared to a net loss of $187,294 for the year
ended April 31, 2015.

As of July 31, 2016, Magnolia Lane had $3.58 million in total
assets, $2.01 million in total liabilities and $1.56 million in
total equity.

Liggett & Webb, P.A., in Boynton Beach, Florida, issued a "going
concern" qualification on the consolidated financial statements for
the year ended April 30, 2016, citing that the Company has used
cash in operations of $22,835 and an accumulated deficit of
$707,094 at April 30, 2016.  These matters raise substantial doubt
about the Company's ability to continue as a going concern.


IHEARTCOMMUNICATIONS INC: Fitch Cuts LT Issuer Default Rating to CC
-------------------------------------------------------------------
Fitch Ratings has downgraded iHeartCommunications, Inc.'s Long-Term
Issuer Default Rating (IDR) to 'CC' from 'CCC'. Fitch has also
affirmed the IDRs for Clear Channel Worldwide Holdings, Inc. (CCWW)
and Clear Channel International B.V. (CCIBV) at 'B'. CCWW and CCIBV
are indirect, wholly-owned subsidiaries of Clear Channel Outdoor
Holdings, Inc. (CCOH), iHeart's 89.9% owned outdoor advertising
subsidiary. The Rating Outlook on the outdoor subsidiaries is
Stable.

The downgrade reflects the increasing likelihood that iHeart will
look to restructure its debt within a year or two. The
restructuring could take the form of either a bankruptcy filing or
an out-of-court restructuring, such as a debt-for-equity exchange,
which Fitch would likely consider a default.

Fitch's view is supported by iHeart's sizeable FCF burn and
upcoming debt maturities, including the ABL facility that matures
in 2017 and the $564 million in debt maturing in 2018. Fitch
expects that the company has adequate liquidity to get past 2016
but it will likely need to execute on additional liquidity levers
to get through 2018, which could include incremental asset sales or
debt issuance at the parent or subsidiary level. Fitch believes
that given the unsustainability of the company's capital structure
and weak free cash flow profile, these liquidity measures would not
materially lessen the likelihood of an eventual default.

iHeart's negotiations with its senior lenders have become
increasingly challenged since March 2016, when certain holders of
the PGNs disputed the transfer of 100 million of class B shares of
CCOH to iHeart's wholly owned and unrestricted subsidiary Broader
Media, LLC with an issuance of a Notice of Default (NOD). Although
the court's final judgement ruled in iHeart's favor and overruled
the NOD, the PGN noteholders filed an appeal in August 2016 that
remains outstanding.

On Nov. 28th, 2016, iHeartCommunications announced six separate
consent solicitations to amend the terms of the five issues of
priority guarantee notes (PGNs) which mature from 2019 to 2023 and
the senior notes due 2021 to carve out 'non-accredited'
institutional investors in the U.S. Fitch believes that if the
consent solicitation is successful it will make future changes to
the company's capital structure, including a potential distressed
debt exchange, easier to implement as it would reduce registration
requirements. The consent solicitations will expire on Dec. 9th,
2016.

Notably, if iHeart were to miss more than $100 million of the 193
million in principal payments coming due on Dec. 15th (net of the
$57 million held by the company), it would trigger cross-default
provisions in iHeart's senior secured credit facilities, which
would accelerate required debt repayment at iHeart.

Fitch has affirmed the ratings of subsidiaries CCWW and CCIBV based
on the outdoor segment's stand-alone operating and credit profile.
CCWW and CCIBV debtholders are protected in the event iHeart
defaults as no guarantees or cross-default provisions exist between
the subsidiaries and iHeart. However, in the event of a
restructuring at iHeart, CCCOH becomes an unsecured creditor with
the $769.5 million it was due as of Sept. 30, 2016 due to CCOH
under the intercompany revolving promissory note between iHeart and
CCOH.

KEY RATING DRIVERS

Leveraged Capital Structure: The ratings reflect iHeart's highly
levered capital structure. Fitch estimated total and secured
leverage of 12.2x and 7.5x, respectively, as of Sep. 30, 2016.
Total leverage exceeds levels at the leveraged buyout, as minimal
FCF has prevented debt reduction and EBITDA has not returned to
pre-downturn levels.

Resolution of Legal Issues: In May 2016, iHeart prevailed in a
lawsuit with noteholders related to its transfer of 100 million
shares of Clear Channel Outdoor Holdings, Inc. to Broader Media,
LLC, a wholly owned subsidiary of iHeart that now owns 27.6% of
CCOH. Fitch believes iHeart may be considering issuing debt at
Broader Media secured by the shares, with potential uses to include
offering existing iHeart bondholders the option to exchange their
holdings into new Broader Media debt.

Near-Term Maturities Reduced: iHeart completed several transactions
over the past 18 months that reduced near-term maturities and
improved liquidity. Most recently, in July 2016 the Broader Media
LLC subsidiary repurchased roughly $383 million of aggregate
principal of the 10% senior unsecured notes due 2018 at a discount
for $222 million in cash. The repurchase will reduce annual
interest expense by $38 million. The company now has $197 million
in debt maturing in 2016 (Dec. 15th), $245 million in 2017
(including the $230 million outstanding under the ABL facility),
and $564 million maturing in 2018 (down from $930 million due to
recent open market repurchases). The next maturity wall is in 2019,
when $8.3 billion matures.

Levers to Address Maturities: iHeart has several levers to address
near-term maturities. Primary sources of liquidity include iHeart's
cash on hand of $149 million as of Sept. 2016, excluding $394
million in cash held at CCOH, and $149 million available under the
asset-based lending (ABL) facility. Additional sources of liquidity
include a possible dividend distribution from CCOH non-core asset
sales (CCOH closed on the sale of the Australian outdoor properties
for $204 million in October) or the possibility of incremental
secured debt issuance through new notes at a parent or the
subsidiary level. Fitch expects iHeart will continue to execute on
these liquidity levers to meet near-term maturities and fund FCF
burn.

Incremental Senior Borrowing Capacity: On Oct. 4, 2016, iHeart
announced the success of the consent solicitation to the holders of
the senior notes due 2021 to amend the borrowing capacity under the
Credit Facility - increasing the principal amount $500 million to
$17.271 billion. Fitch views this amendment positively as it
improves short-term liquidity by increasing the senior borrowing
capacity.

Capital Market Flexibility: Recent credit markets have been
accommodating to iHeart and other highly leveraged issuers until
experiencing significant duress last year. Although capital markets
regained their footing, their willingness to accommodate highly
levered credits is suspect and their flexibility would ultimately
depend on iHeart's ability to reduce secured leverage to a level
where lenders would be willing to recommit capital, which is likely
below the 6x level at which the banks originally lent.

Outdoor Subsidiary Ratings: Clear Channel Worldwide Holdings,
Inc.'s (CCWW) IDR considers its stand-alone credit and operating
profile, as well as its legal and operational relationship with
iHeart. CCWW is an indirect wholly-owned subsidiary of Clear
Channel Outdoor Holdings, Inc. (CCOH), a 89.9%-owned subsidiary of
iHeart, which holds all of iHeart's outdoor assets. Although there
is material protection for CCWW, iHeart is expected to continue to
extract cash from the entity.

KEY ASSUMPTIONS

Fitch's key assumptions within the rating case include:

   -- Fitch assumes that radio revenues grow at 1% over the
      forecast period.

   -- Fitch estimates declines in Outdoor revenue in 2017 reflect
      impact of non-core asset divestitures and that consolidated
      Outdoor revenues return to low single-digit growth in 2018.

   -- Fitch estimates EBITDA margins remain roughly flat in the
      29% range on a consolidated basis.

   -- Fitch estimates capex of $325 million in 2016 at the mid-
      point of management's 2016 guidance and capex approximating
      5% of revenues thereafter. Capex continues to be weighted
      towards the Outdoor segment and in particular the build of
      digital displays.

   -- Fitch does not expect a material amount of improvement of
      iHeart's credit profile or absolute debt reduction over the
      next several years, given the expected negative FCF.

   -- Fitch does not include any material asset sales other than
      the ones already announced and closed.

   -- iHeart will need to conduct further liquidity enhancing
      transactions to meet 2018 maturities.

RATING SENSITIVITIES

Positive: Fitch does not currently anticipate a rating upgrade
given iHeart's unsustainable capital structure, its resulting high
cash interest burden and FCF burn, as well as the cyclical and
secular pressures inherent in the radio industry.

Negative: Given the company's unsustainable capital structure,
Fitch believes there is limited room at the current rating level
for deterioration in the company's operating performance or
liquidity profile. An inability to repay or extend maturities would
result in a downgrade. Lastly, indications that a DDE is probable
in the near term would also drive a downgrade.

LIQUIDITY

Liquidity remains limited, although Fitch believes iHeart could use
available liquidity levers to meet Dec. 15th interest and principal
repayments. iHeart had $149 million in balance sheet cash as of
Sept. 30, 2016, excluding the $394 million in cash held at CCOH.
Backup liquidity consists of the ABL facility that matures in
December 2017. Availability under the ABL facility was
approximately $148.5 million as of Sept. 30, 2016. Clear Channel
Outdoor International also closed on the sale of its Australian
Outdoor operations in October 2016 for aggregate proceeds of $204
million. Notably, the proceeds of this asset sale sit at subsidiary
CCOH and parent iHeartCommunications' access to the proceeds would
require a dividend distribution and approval from Clear Channel
Outdoor's Board of Directors. However, Fitch believes there is
adequate capacity under the company's restricted payments basket to
make a distribution.

iHeart has completed several transactions over the past 18 months
that reduced near-term maturities and improved liquidity. In July
2016, Broader Media LLC, a wholly owned subsidiary of
iHeartCommunidations, repurchased in the open market $383 million
of aggregate principal of iHeartCommunications' 10% senior notes
due 2018 for $222 million in cash. The company now has $197 million
in debt maturing in 2016, $245 million in 2017 (including the $230
million outstanding under the ABL facility), and $564 million
maturing in 2018 (down from $930 million due to recent open market
repurchases). The next maturity wall is in 2019, when $8.3 billion
matures.

Fitch believes that iHeart has adequate liquidity options to meet
funding requirements in 2016. However, Fitch remains concerned
about the continued FCF burn and the sizeable, albeit reduced,
amount of debt maturing in 2018 which Fitch believes will require
incremental liquidity generating transactions.

As of Sept. 30, 2016, iHeart had approximately $20.7 billion of
debt outstanding, including $15.5 billion in debt held at
iHeartCommunications and $4.95 billion in debt held at Clear
Channel Worldwide Holdings, Inc.

Fitch has downgraded the following:

   iHeartCommunications, Inc.

   -- Long-term IDR to 'CC' from 'CCC';

   -- Senior secured term loans to 'CC/RR4' from 'CCC/RR4';

   -- Senior secured priority guarantee notes to 'CC/RR4' from
      'CCC/RR4';

   -- Senior unsecured guarantee notes due 2021 to 'C/RR6' from
      'CC/RR6'.

Fitch has affirmed the following ratings:

   iHeartCommunications, Inc.

   -- Senior unsecured legacy notes at 'C/RR6'.

   Clear Channel Worldwide Holdings, Inc.

   -- Long-term IDR at 'B';

   -- Senior unsecured notes at 'BB-/RR2';

   -- Senior subordinated notes at 'B-/RR5'.

   Clear Channel International B.V.

   -- Long-term IDR at 'B';

   -- Senior unsecured notes at 'BB-/RR2'.


IHEARTCOMMUNICATIONS INC: Gets Consents to Amend Notes Indenture
----------------------------------------------------------------
iHeartCommunications, Inc., announced the results and expiration,
on Dec. 9, 2016, of the six separate consent solicitations with
respect to its senior notes due 2021 and its five series of
priority guarantee notes that were launched on Nov. 28, 2016, and
amended on Dec. 2, 2016.

The Company received consents from holders of $1,286,154,353 in
aggregate principal amount of its senior notes due 2021,
representing approximately 81.5% of the total principal amount
outstanding of the Senior Notes (excluding any notes held by the
Company or its affiliates).  In conjunction with receiving the
requisite consents, the Company and the trustee for the Senior
Notes executed a supplemental indenture to the indenture governing
the Senior Notes to effect the proposed amendment to Section 9.07
of the Senior Notes Indenture.  The Proposed Amendment allows the
Company to exclude, in any offer to consent, waive or amend any of
the terms or provisions of the Senior Notes Indenture or the Senior
Notes in connection with an exchange offer, any holders of Senior
Notes who are not institutional "accredited investors," who are not
non-"U.S. persons", or those in foreign jurisdictions whose
inclusion would require the Company to comply with the registration
requirements or other similar requirements under any securities
laws of such foreign jurisdiction.  The Proposed Amendment does not
permit the Company to exclude institutional accredited investors,
non-U.S. persons in offshore transactions or other holders of
Senior Notes in foreign jurisdictions from such exchange offers, so
long as the Company would not need to register the exchange offers
if made to such holders.

The Company will pay an aggregate cash payment of $1,729,168 to
consenting holders of Senior Notes pro rata to such consenting
holders in accordance with the aggregate principal amount of Senior
Notes for which consents were validly delivered (and not revoked)
in accordance with the conditions of the Consent Solicitation.
Based on the consents received, the Fixed Fee will be allocated to
the consenting holders in an amount equal to approximately $1.20
for each $1,000 principal amount of Senior Notes for which consents
were validly delivered.  In addition, upon effectiveness of a
subsequent amendment to the Senior Notes Indenture, where the
consideration for such amendment includes debt or equity securities
issued on an unregistered basis in an exchange offer transaction,
the Company will pay an aggregate cash payment of $2,593,752 to
consenting holders of Senior Notes pro rata to such consenting
holders in accordance with the aggregate principal amount of Senior
Notes for which consents were validly delivered.  Based on the
consents received, if paid, the Contingent Fee will be allocated to
the consenting holders in an amount equal to approximately $1.80
for each $1,000 principal amount of Senior Notes for which consents
were validly delivered. The Contingent Fee, if it becomes payable,
will not be paid at the same time as the Fixed Fee.  There is no
assurance that the Contingent Fee will be paid.  In no event will
the Company ever be required to pay the Contingent Fee more than
once.

The Company also announced the expiration of its Consent
Solicitations with respect to its five series of priority guarantee
notes.  The Consent Solicitations expired at 5:00 p.m., New York
City time, on Dec. 9, 2016.  As of the expiration time, the Company
had not received consents from holders representing a majority of
the aggregate principal amount of each of its five series of
priority guarantee notes outstanding.  As a result, the Proposed
Amendment will not be effected with respect to the Company's
priority guarantee notes and no fixed fee or contingent fee will be
paid to holders of such notes.

                    About iHeartCommunications

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

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

As of Sept. 30, 2016, IHeartcommunications had $12.82 billion in
total assets, $23.78 billion in total liabilities and a total
shareholders' deficit of $10.96 billion.

                       Bankruptcy Warning

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

                           *    *    *

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


ILIANA NEUROSPINE: Taps Gouveia and Associates as Legal Counsel
---------------------------------------------------------------
Iliana Neurospine Institute, LLC seeks approval from the U.S.
Bankruptcy Court for the Northern District of Indiana to hire legal
counsel in connection with its Chapter 11 case.

The Debtor proposes to hire Gouveia and Associates, LLC to give
legal advice regarding its duties under the Bankruptcy Code, assist
in the preparation of a bankruptcy plan, conduct examinations, and
provide other legal services.

The hourly rates charged by the firm are:

     Gordon Gouveia               $400
     Catherine Molnar-Boncela     $275
     Shawn Cox                    $275
     Paralegals                   $100

Gouveia and Associates is a "disinterested person" as defined in
section 101(14) of the Bankruptcy Code, according to court
filings.

The firm can be reached through:

     Gordon E. Gouveia, Esq.
     Gouveia and Associates, LLC
     433 West 84th Drive
     Merrillville, Indiana 46410
     Phone: 219-736-6020
     Fax: 219-736-2545

               About Iliana Neurospine Institute

Iliana Neurospine Institute, LLC sought protection under Chapter 11
of the Bankruptcy Code (Bankr. N.D. Ind. Case No. 16-23444) on
December 8, 2016.  The petition was signed by Ronald Michael, M.D.,
managing member.  

The case is assigned to Judge Philip J. Klingeberger.

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


ISLAND CONCEPTS: Disclosure Statement Hearing Set for Jan. 11
-------------------------------------------------------------
The U.S. Bankruptcy Court for the Eastern District of Louisiana is
set to hold a hearing on Jan. 11, at 2:00 p.m., to consider
approval of the disclosure statement explaining the Chapter 11 plan
of Island Concepts, LLC.

The hearing will take place at the Hale Boggs Federal Building,
Courtroom B-705, 500 Poydras Street, New Orleans, Louisiana.
Objections are due by Jan. 4.

                      About Island Concepts

Island Concepts LLC filed a Chapter 11 bankruptcy petition (Bankr.
E.D.LA. Case No. 16-11743) on July 22, 2016. The Hon. Jerry A.
Brown presides over the case.  The Debres Law Firm, LLC represents
the Debtor as counsel.

In its petition, the Debtor listed $662,479 in assets and $3.69
million in liabilities. The petition was signed by Ryan J. Richard,
member and manager.


JA FAMILY: Has Until February 27 to File Chapter 11 Plan
--------------------------------------------------------
Judge Thomas J. Tucker of the U.S. Bankruptcy Court for the Eastern
District of Michigan extended the exclusive period within which JA
Family Enterprises, Inc. d/b/a Dooley's of Sterling Heights and
Dooley's Tavern may file a combined plan and disclosure statement
to February 27, 2017.

The Troubled Company Reporter had earlier reported that the Debtor
needed additional time to file a plan and disclosure statement to
adequately reflect its proposed payments to creditors.  The Debtor
contended that the deadline for creditors to file proofs of claim
against the Debtor has been set on January 3, 2017 -- one week
after the Debtor's deadline to file its plan, and its proposed plan
of reorganization is dependent on the Debtor's knowledge of its
claims and creditors.  

                     About JA Family Enterprises, Inc.

JA Family Enterprises, Inc. sought protection under Chapter 11 of
the Bankruptcy Code (Bankr. E.D. Mich. Case No. 16-51947) on August
28, 2016.  The petition was signed by James Arnone, president.  The
Debtor is represented by David G. Dragich, Esq., at The Dragich Law
Firm PLLC.  At the time of the filing, the Debtor estimated assets
and liabilities at $100,001 to $500,000.


JACK COOPER: Completes Exchange Transactions
--------------------------------------------
Jack Cooper Enterprises, Inc., announced the successful completion
of its exchange transactions and the retirement of $131.2 million
of its 10.50%/11.25% Senior PIK Toggle Notes due 2019.

The exchange transactions included (i) an unregistered exchange
offer that resulted in the retirement of $34,268,763 aggregate
principal amount of Exiting PIK Notes, and (ii) a private exchange
with certain holders of the Existing PIK Notes that beneficially
owned approximately $96,919,778 aggregate principal amount of the
Existing PIK Notes.  Settlement of the exchange offer and the
private exchange occurred concurrently on Dec. 9, 2016.

                    About Jack Cooper

Jack Cooper Enterprises, Inc. is the direct parent of Jack Cooper
Holdings Corp., based in Kansas City, MO, a leading provider of
over-the-road transportation of automobiles, SUVs and light trucks
in the U.S. and Canada.  Revenues were $693 million for the last
twelve months ended Sept. 30, 2016.

As of Sept. 30, 2016, Jack Cooper had $273.15 million in total
assets, $588.43 million in total liabilities and a total
stockholders' deficit of $315.28 million.

                        *   *   *

As reported by the TCR on Dec. 14, 2016, S&P Global Ratings said
that it has lowered its corporate credit rating on Kansas City,
Mo.-based Jack Cooper Holdings Corp. to 'SD' from 'CC'.  "The
downgrade follows Jack Cooper's announcement that it has
completed the exchange of its senior unsecured PIK toggle notes due
2019 for a combination of cash and warrants in a transaction that
we consider a distressed exchanged," said S&P Global credit analyst
Michael Durand.

In November 2016, Moody's Investors Service downgraded the ratings
of Jack Cooper Enterprises, Inc., including its Probability of
Default Rating ("PDR") to Ca-PD from Caa2-PD and its Corporate
Family Rating ("CFR") to Caa3 from Caa2.


KENNETH ARTHURS: Examiner Sought Amid NCK Mismanagement
-------------------------------------------------------
The Commonwealth of Pennsylvania, Department of Labor and Industry,
filed a motion asking the U.S. Bankruptcy Court for the Western
District of Pennsylvania to direct the appointment of a Chapter 11
Examiner to examine the records of Debtors Kenneth J. Arthurs and
Brenda L. Arthurs, or in the alternative, appoint a Chapter 11
Trustee.

According to the DLI, the appointed Chapter 11 Examiner is required
to report back to the Court and to the Creditors regarding the
handling of the reporting of employee wages and payment of
unemployment compensation taxes, as well as any mismanagement by
the operators of the Debtors' funds.

The DLI asserts that cause exists for the appointment of a Chapter
11 Examiner:

   (a) for the breach of fiduciary duty, fraud, mismanagement,
waste and any other similar claims arising from the operation of
NCK, Inc., a bar, restaurant and night club, from 2012 until the
present;

   (b) to confirm Labor and Industry's audit findings that there is
the gross underreporting of monthly wages and employees to the
Court and the Commonwealth of Pennsylvania; and,

    (c) to provide an opinion as to whether the business can be
operated by a trustee to benefit creditors or should be closed

The DLI believes that it is more beneficial to the estate and to
the Creditors to have a Chapter 11 Trustee appointed if the Court
feels that it is appropriate, rather than allow the operators to
maintain the control of the business.

Kenneth J. Arthurs and Brenda L. Arthurs sought protection under
Chapter 11 of the Bankruptcy Code (Bankr. W.D. Pa. Case No.
15-70795) on Nov. 20, 2015.  The case is assigned to Judge Jeffery
A. Deller.

The Debtors operate a business known as NCK, Inc., which is a
Debtor is a separate Chapter 11 Bankruptcy Case. NCK, Inc.,
operates a bar/restaurant in Indiana, Pennsylvania. NCK, Inc., and
Kenneth Arthurs also engaged in construction and remodeling of
various buildings in and around Indiana, Pennsylvania.


KEY ENERGY: 24th Amendment to Office Lease Approved
---------------------------------------------------
The Bankruptcy Court approved the Twenty-Fourth Amendment to Office
Lease between Key Energy Services, Inc. and Crescent 1301 Mckinney,
L.P.

The relevant terms of the Amendment include, (i) a reduction in the
over-all rented square footage by the Company at its corporate
headquarters, (ii) a reduction in the term of the lease, and (iii)
a reduction in the base monthly rent.

A copy of the lease amendment is available at https://is.gd/7LdzTp

The Court approved the amendment on Dec. 6.

                        About Key Energy

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 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.

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. Lead Case No. 16-12306) on Oct. 24, 2016.  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.

                          *     *     *

Key Energy filed for Chapter 11 pursuant to the terms of a plan
support agreement among Key, Platinum Equity and certain other
holders of its 6.75% Senior Notes due 2021, collectively holding
more than 89% of its outstanding Senior Notes, and certain lenders
holding more than 87% of the principal amount of loans outstanding
under Key's Term Loan Credit Agreement dated June 1, 2015.  The
PSA
contemplates the reorganization of the Debtors pursuant to a
prepackaged plan of reorganization.  Key previously commenced a
solicitation for acceptance of the Plan, which was accepted by
voting holders of 99.89% in principal amount and 93.88% in number
of Key's Senior Notes and voting holders of 100% in principal
amount and 100% in number of loans under the Term Loan,
constituting the requisite number of voting holders of the Senior
Notes and term loans.  Platinum Equity, a Los Angeles-based global
investment firm with a unique focus on operations and extensive
experience helping businesses in transition, as holder of a
majority of the Company's Senior Notes, will become Key's largest
shareholder upon consummation of the Plan.

The Plan contemplates that funded debt will be reduced from
roughly
$1 billion to approximately $250 million.

Under the Joint Plan, Class 6 General Unsecured Claims are
unimpaired and will recover 100%.

The Debtors won confirmation of their bankruptcy-exit plan on Dec.
6.  


KEY ENERGY: Reorganized Co. Gets $24M from Backstop Parties
-----------------------------------------------------------
Counsel to Key Energy Services, Inc., informed the Bankruptcy Court
on Dec. 9, 2016, that in accordance with the Debtors' Plan of
reorganization and the Court's order confirming the Plan, the
so-called Minimum Liquidity Test Date occurred on Dec. 8; and as
provided under Section IV.I of the Plan, the financial advisors to
the Debtors and the financial advisors to the participants under a
backstop agreement have made a determination that the issuance of
Incremental Liquidity Shares in an amount of $24,000,000 is both
necessary and sufficient to cause Reorganized Key to have Minimum
Liquidity on the Effective Date.  

Pursuant to the Confirmation Order and the Plan, the Debtors intend
to issue 3,424,741 Incremental Liquidity Shares, in the aggregate,
at an Incremental Liquidity Per Share price of $7.01.

The Debtors won confirmation of their bankruptcy-exit plan on Dec.
6.  The Debtors expect that the effective date of the Plan will
occur as soon as all conditions precedent to the Plan have been
satisfied or waived in accordance with the terms of the Plan.  The
Debtors can make no assurances as to when, or ultimately if, the
Plan will become effective.  A copy of the Joint Prepackaged Plan
is available at https://is.gd/6NQUBj

The Plan contemplates, among other things, these distributions and
consensual recovery to certain Holders of Allowed Claims and
Interests, as applicable:

     * All Allowed General Unsecured Claims, including claims of
the Company's trade creditors and vendors, as well as all Allowed
Administrative Expense Claims, Priority Tax Claims, Priority
Non-Tax Claims, Other Secured Claims and Intercompany Claims shall
be Unimpaired.

     * Each Holder of an Allowed Term Loan Claim shall receive a
distribution on the Effective Date, on account of its Allowed Term
Loan Claim, of its pro rata share of (i) a Cash payment equal to
the sum of (A) the difference between (x) the outstanding principal
amount of loans under the Term Loan Credit Agreement on the
Effective Date (excluding any prepayment premium) before giving
effect to the payment described in this bullet point and (y) $250
million plus (B) any accrued and unpaid interest (at the
non-default rate) due and owing under the Term Loan Credit
Documents as of (and including) the Effective Date, and (ii) the
New Term Loan Facility.

     * Each Holder of an Allowed ABL Credit Facility Claim shall
receive on the Effective Date, on account of its Allowed ABL Credit
Facility Claim, its pro rata share of payment in full in Cash of
any amounts due and owing under the ABL Credit Facility, and any
letters of credit outstanding under the ABL Credit Facility shall
be cash collateralized, backstopped and/or replaced with new
letters of credit under the New ABL Credit Facility.

     * Each Holder of an Allowed Senior Notes Claim shall receive a
distribution on the Effective Date, or as soon as reasonably
practicable thereafter, in full satisfaction of its Allowed Senior
Notes Claim (inclusive of accrued and unpaid interest), of such
Holder's pro rata share of 7.5 million1 shares of Reorganized Key
Common Stock (rounded up or down to the nearest whole share) (the
"Senior Notes Distribution").  The Senior Notes Distribution shall
account for 100% of the issued and outstanding shares of
Reorganized Key Common Stock prior to dilution from the issuance of
all other shares of Reorganized Key Common Stock under or in
connection with the Plan.

     * Existing Key Common Stock and Other Key Equity Interests
shall be cancelled as of the Effective Date and, except as
described below for Holders of Existing Key Common Stock, shall
receive no distribution in connection with the Plan.

     * Intercompany Interests shall remain in place on the
Effective Date for purposes of convenience.

        Recovery for Holders of Existing Key Common Stock

In accordance with the Confirmation Order and pursuant to the Plan,
on the Effective Date, all shares of Existing Key Common Stock
shall be cancelled, and each Holder of Allowed Existing Key Common
Stock eligible for the Equity Holder Exchange that does not elect
to opt-out of granting the voluntary releases contained in Section
VIII.F of the Plan, shall receive either:

     (i) its pro rata share of the Equity Holder Plan Securities,
including (a) 815,891 shares of Reorganized Key Common Stock, (b)
New Warrants, entitling their holders, collectively, upon exercise
thereof to purchase, in the aggregate, up to 1,839,782 shares of
Reorganized Key Common Stock (in each case, rounded up or down to
the nearest whole share of Reorganized Key Common Stock or whole
New Warrant), and (c) all Equity Holder Shares and New Warrants
allocated to any Holders of Allowed Existing Key Common Stock who
are not eligible to receive Equity Holder Plan Securities pursuant
to the Plan (as set forth in Section III.C.8 of the Plan) or who do
not receive Equity Holder Plan Securities because they are entitled
to less than half a share of Reorganized Key Common Stock, or

     (ii) the opportunity to receive, in each Holder's sole and
absolute discretion, Cash pursuant to the Equity Holder Cash-Out
Amount (subject to the same eligibility restrictions set forth in
Section III.C.8 of the Plan), to the extent sufficient proceeds are
received from Equity Holder Rights Offering Participants to fund
such Equity Holder Cash-Out Amount (if there are insufficient
proceeds to provide the Cash necessary to fully cash-out such
electing Holders, such Holders will receive a combination of Cash
and Equity Holder Plan Securities based on the amount of
commitments available).

Pursuant to the Plan, the Debtors may, with the consent of the
Required Consenting Noteholders, increase or decrease, as
applicable, the aggregate number of shares of Reorganized Key
Common Stock to be issued and outstanding on the Effective Date
pursuant to the Plan, and adjust the applicable price per share for
such shares set forth in the Plan such that the aggregate value of
the shares received by any Person pursuant to the Plan is unaltered
by such adjustments. All share amounts and prices per share set
forth are subject to such adjustments.

For every one (1) share of Reorganized Key Common Stock issued to
an eligible Holder of Existing Key Common Stock pursuant to the
Equity Holder Exchange, such Holder will receive approximately 1.1
New 4-Year Warrants and approximately 1.1 New 5-Year Warrants (in
each case subject to the rounding conventions described in the
Plan).

Pursuant to the terms of the Plan, under the Equity Holder
Exchange, the exchange rate for shares of Allowed Existing Key
Common Stock to Reorganized Key Common Stock is 198:1. Giving
effect to rounding, in order for a Holder of Allowed Existing Key
Common Stock to receive at least one share of Reorganized Key
Common Stock, such Holder must beneficially own at least 99 shares
of Allowed Existing Key Common Stock. Any fractional shares of
Reorganized Key Common Stock that are not distributed to Holders
because they hold fewer than 99 shares of Allowed Existing Key
Common Stock, and any fractions of New Warrants that would
otherwise have been allocated to such Holders, shall be aggregated
and distributed to Holders of Allowed Existing Key Common Stock
that are receiving Equity Holder Plan Securities.

             Rights Offering and Backstop Agreement

In addition, on September 21, 2016, Key commenced an offering of
subscription rights to certain qualifying holders of Key's Note
Claims and certain qualifying Key equity holders to purchase up to
7,022,859 shares of reorganized Key common stock at a price per
share of $12.10 for aggregate gross proceeds of up to $85 million,
which proceeds may be increased by up to $25 million through the
sale of additional shares of reorganized Key common stock at a
price range per share ranging between $6.86 and $8.94.

On September 21, 2016, prior to the commencement of the Rights
Offering and Solicitation, the Company entered into a backstop
agreement with certain holders of Note Claims, pursuant to which
the Backstop Participants agreed, subject to the terms and
conditions in the Backstop Agreement, to backstop the full amount
of the Rights Offering. Participating equity holders were also able
to subscribe for additional shares of reorganized Key common stock
made available by other equity holders as of the effective date of
the Plan.

Participants in the primary Rights Offering subscribed for
6,652,030 shares of reorganized Key common stock which together
with any Incremental Liquidity Shares determined to be necessary in
accordance with the Confirmation Order and pursuant to the Plan,
will be issued on the Effective Date. In addition, in accordance
with the Confirmation Order and pursuant to the Plan and the
Backstop Agreement, 370,830 shares of reorganized Key common stock
that were unsubscribed in the Rights Offering, along with a put
premium of up to 1,219,287 shares of reorganized Key common stock,
plus additional Incremental Liquidity Shares to the extent issued,
will be issued to the Backstop Participants on the Effective Date.

                        Share Information

As of November 30, 2016, the number of outstanding shares of
Existing Key Common Stock was 160,331,531. On the Effective Date,
all shares of Existing Key Common Stock will be cancelled.
Conversion to Delaware Corporation On or Before Effective Date
In accordance with the Confirmation Order and pursuant to the Plan,
the Company will convert from a Maryland corporation to a Delaware
corporation. The Confirmation Order provides that the Company in
its form as a Delaware Corporation will be considered as a
successor to the Company in its previous form as a Maryland
Corporation. This conversion is expected to occur on or before the
Effective Date.

            Post Emergence Governance and Management

On the Effective Date, the term of any current members of the board
of directors of the Company will expire, and a new board of
directors of the Company will take office. The New Board will
initially consist of Bryan Kelln, Jacob Kotzubei, Philip Norment,
Mary Ann Sigler, Robert Drummond, Sherman K. Edmiston III, Scott D.
Vogel, Steven H. Pruett, C. Christopher Gaut, and H.H. Tripp
Wommack, III.

Key approved the rejection of certain executory contracts that Key
(or one of its subsidiaries) held with three former executive
officers, Mr. Richard Alario, Ms. Kim Clarke and Ms. Kimberly Frye.
The Confirmation Order approved the rejection of the Severance
Agreements, effective as of the Effective Date, and all claims for
rejection damages are subject, to the extent applicable, to the
limitations set forth in Section 502(b)(7) of the Bankruptcy Code.

                          Incentive Plan

On or after the Effective Date, Reorganized Key shall be authorized
to grant awards under a new management incentive plan (the "New
MIP"), which shall authorize the grant of compensation described in
the following sentence comprised of stock or economic rights tied
to the value of stock collectively representing up to 7% (which may
be increased to up to 11% by the Board in its discretion) of the
fully diluted shares of Reorganized Key Common Stock as of the
Effective Date (without regard to shares reserved for issuance
pursuant to the New Warrants). The New MIP may provide for awards
of restricted stock, restricted stock units, options and stock
appreciation rights and cash-based awards, for distribution to
officers, directors and employees of the Reorganized Debtors as
determined by the New Board.

              Settlement, Releases and Exculpations

The Plan incorporates an integrated compromise and settlement of
claims to achieve a beneficial and efficient resolution of the
Chapter 11 Cases. Unless otherwise specified, the settlement,
distributions, and other benefits provided under the Plan,
including the releases and exculpation provisions included therein,
are in full satisfaction of all claims and causes of action that
could be asserted.

The Plan provides releases and exculpations for the benefit of
Debtors, certain of the Debtors' claimholders (including the
Supporting Creditors), the Backstop Participants, other parties in
interest and various parties related thereto, each in their
capacity as such, from various claims and causes of action, as
further set forth in Section 8 of the Plan and the Confirmation
Order.

                        About Key Energy

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 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.

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. Lead Case No. 16-12306) on Oct. 24, 2016.  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.


L&M TRANSPORTATION: Court Prohibits Cash Collateral Use
-------------------------------------------------------
Judge Vincent P. Zurzolo of the U.S. Bankruptcy Court for the
Central District of California prohibited L&M Transportation LLC
from using the cash collateral of Bluevine Capital, Inc.

After considering the Debtor's Motion, the opposition filed by
secured creditor Bluevine Capital, and the arguments of the
parties' counsel during the hearing, Judge Zurzolo denied the
Debtor's cash collateral motion in its entirety.

A full-text copy of the Order, dated Dec. 9, 2016, is available at

http://bankrupt.com/misc/L&MTransportation2016_216bk23772vz_55.pdf

                 About L&M Transportation LLC

L&M Transportation LLC sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. C.D. Cal. Case No. 16-23772) on Oct. 18,
2016.  The petition was signed by Marvell Tell, chief executive
officer.  The Debtor is represented by RoseAnn Frazee, Esq. at
Frazee Law Group.  At the time of the filing, the Debtor estimated
assets at $0 to $500,000 and liabilities at $500,001 to $1 million.


LAS VEGAS JOHN: Atomic Cocktail Buying Apartments for $1.7 Million
------------------------------------------------------------------
Las Vegas John, L.L.C., asks the U.S. Bankruptcy Court for the
District of Nevada to authorize the private sale of 36 unit
apartment complex and related real property and improvements
commonly known as the Las Vegas John Apartments located at 16 230
S. Maryland Parkway, Las Vegas, Clark County, Nevada, to Atomic
Cocktail, LLC, or its nominee, for $1,700,000.

The Property is located on the northwest corner of S. Maryland
Parkway and Bridger Avenue and in close proximity to downtown Las
Vegas.

The Debtor's apartment complex was built in 1984 and the site area
is approximately 0.49 acres.  All apartments in the complex are a
one-bedroom, one-bathroom unit, and are an average of 520 square
feet.  All units come with full utilities paid by the Debtor,
including electric, gas, and trash removal.  Cable is paid for by
the individual tenants, but because it is provided for in the
leases, the Debtor reimburses the tenants for that cost.  The
rental rates for each unit vary from $600 to $750 per month.  As of
Aug. 3, 2016 Petition Date, the Debtor's Property has was
completely leased with no vacancies, although two of the units at
the time were leased to the Debtor's on-site property manager and
its on-site plumber, both of whom did not pay rent but instead
receive free board in return for their services.

On April 29, 2003, John P. Stamas personally purchased the
Property, and named it after himself.  As of that same date, and in
order to finance the purchase, Mr. Stamas executed a Multifamily
Note in the original principal amount of $850,000 in favor ABN AMRO
Mortgage Group, Inc. ("Original Lender").  The Note provides that
the interest rate would adjust on an annual basis beginning in May
2013, with adjusted to a constant maturity of one year as made
available by the Federal Reserve Board, subject to a floor of
5.625% per annum.  As of the Petition Date, the
contract/non-default interest rate in effect was the 5.625% "floor"
rate.  The Note also provides for default interest of an additional
3% above the contract rate and a late charge of 5% per
installment.

Repayment of the Note was secured by a first priority Multifamily
Deed of Trust, Assignment of Rents, and Security Agreement recorded
against the Property in the Official Records of the Clark County
Recorder on April 22 30, 2003 as Book/Instr: 20038430-03620.

On May 7, 2003, which was shortly after the Loan closed, Mr. Stamas
deeded the Property to Las Vegas John, which entity has held the
Property ever since.

On June 20, 2008, Mr. Stamas died.  In his last will and testament,
Mr. Stamas devised all of his membership interest in Las Vegas John
to his brother, Dimitrios Stamatakos.  In the 8 years since Mr.
Stamas' passing, Mr. Stamatakos and his wife have overseen
management of the Property.

The Loan was apparently assigned by the Original Lender to one or
more of LaSalle Bank N.A., Bank of America, N.A., First Federal
Savings Bank and then by merger to Community Bank, N.A ("Lender")
who is the current Lender.

On June 30, 2016, the Lender caused to be recorded a Notice of
Breach and Default and of Election to Cause Sale of Real Property
Under Multifamily Deed of Trust Assignment of Rents and Security
Agreement, in the Official Records as Instrument 2016063-1923.

On July 6, 2016, the Lender filed a Complaint against Las Vegas
John in the Eighth Judicial District Court, Clark County, Nevada,
Case No. A-16-4739582-C, which asserted a single claim against Las
Vegas John for the appointment of a receiver over the Property.

On July 7, 2016, the Lender filed an Application for Writ of
Possession, Motion to Appoint Receiver and for Order to Show Cause
and Request for Hearing on Order Shortening Time ("Receiver
Motion"), which was set for hearing on July 14, 2016 and continued
to Aug. 4, 2016.  The Receiver Motion sought to obtain immediate
possession of the Property and the rents collected from its
tenants.

The Lender and Las Vegas John were unable to resolve their
difference prepetition with a forbearance agreement, and thus on
Aug. 3, 2016, the Debtor filed its voluntary petition under chapter
11, thereby commencing the Chapter 11 case.

The Debtor is a single asset real estate debtor within the meaning
of section 16 101(51B) of the Bankruptcy Code.  As of Aug. 18,
2016, the Debtor filed its bankruptcy Schedules and Statement of
Financial Affairs, which indicate $25,375 in priority claims and
$52,119 in general unsecured claims.  The Debtor is not aware of
any large contingent or unliquidated claims, and is not aware of
any large potential rejection damages claims from any alleged
Contracts and/or Leases to the extent any may be rejected.

On Aug. 29, 2016, the Debtor filed a series of "Initial Motions" as
follows: (a) a Motion Pursuant to 11 USC Sections 105, 361, 363,
364 and 23 506, and Fed. R. Bank. P. 4001(b) For Entry of Order
Authorizing the Use Of Cash, Including Cash Collateral, and
Granting Related Relief ("Cash Collateral Motion"), which included
a copy of a proposed "budget" for a 4-month term along with a
substantial monthly payment to the Lender; (b) a Motion to
Designate Dimitrios P. Stamatakos as Debtor's Responsible Person;
and (c) a Motion Pursuant to 11 U.S.C. Sec. 105(a) 28 and 366 for
an Order Determining that Adequate Assurance Has Been Provided to
Utility Companies.

On Sept. 2, 2016, the Debtor and the Lender entered into
Stipulation Regarding Interim Use of Cash Collateral, which was
approved by an order entered the same day.  Included as part of the
foregoing stipulation was the Debtor's agreement to make payments
pursuant to the Budget previously included as part of the Debtor's
Cash Collateral Motion, subject to a revised and increased payment
to the Lender.  The Budget was for a term through November 2016.
On Sept. 2, 2016, the proposed orders submitted at the time of the
filing of the Initial Motions were approved and entered.

On Sept. 8, 2016, the Debtor's Sec. 341 meeting of creditors was
held and 11 concluded. Further, the Debtor's Notice of Bankruptcy,
et al. provided the "Claims Bar Date" for non-governmental units is
Dec. 7, 2016, which has now expired.

On Oct. 7, 2016, orders were entered employing Commerce CRG of
Nevada, LLC, doing business as Cushman & Wakefield Commerce as the
Debtor's real estate broker, Anderson Valuation Group as its real
estate appraiser, Flangas Dalacas Law Group as special counsel to
assist with a purchase and sale agreement; and Larson & Zirzow as
its general bankruptcy counsel.

In September 2016, the Debtor obtained an appraisal of its Property
from its appraiser, Anderson, which indicated a fair market value
of $1,800,000, which is more than twice the amount owed to the
Lender.

From and after the Petition Date, Commerce CRG has actively listed
and marketed the Property for sale, and the Debtor has received
numerous purchase offers.  On Oct. 25, 2016, the Debtor entered
into a Purchase and Sale Agreement and Joint Escrow Instructions to
sell its Property to the Purchaser, or its nominee, for the sum of
$1,700,000, which transaction is subject to Court approval, among
other terms and conditions therein.  Moreover, the proposed
Purchaser has funded an earnest money for its purchase in the
amount of $75,000 and opened escrow with Nevada Title Company, all
of which information and documentation has been shared with the
Lender.

On Dec. 1, 2016, the Court entered an Order Approving Second
Stipulation Authorizing Debtor to Use Cash Collateral, Providing
Adequate Protection, and Granting Related Relief, thereby approving
an stipulation among the parties ("Second Stipulation") rolling
forward the terms and conditions of the original Cash Collateral
Stipulation between the parties, subject to a revised Budget
attached thereto from the principal existing indebtedness owing to
the Lender was no less than $652,191, plus $52,356 in interest,
exclusive of other fees, costs and charges as may be owing under
the Loan Documents.  Finally, per the Second Stipulation, the
Lender waived any opposition to the Debtor's request to extend the
exclusive periods to file and secure acceptance of any proposed
plan of reorganization pursuant to Section 1121 of the Bankruptcy
Code.

On Dec. 7, 2016, the Court orally approved extensions of the
Debtor's exclusivity periods, such that the Debtor's exclusive time
to file a proposed chapter 11 plan was extended through and
including March 1, 2017, and the deadline for securing acceptances
to any plan filed by that date was extended through and including
April 30, 2017, both of which were extensions of 90 days.

On Dec. 7, 2016, the Lender filed its secured Proof of Claim, being
Claim No. 5, in the amount of $737,899.

As of the Claims Bar Date on Dec. 7, 2016, only five proofs of
claim have been filed, and, other than the Lender's Proof of Claim,
the other proofs of claim are all proposed to be paid directly out
of escrow from the proposed sale.

In connection with the sale of the Property, the Debtor seeks
assumption and assignment of all executory contracts and unexpired
leases as defined in the Purchase Agreement.  In connection with
the proposed Sale, the Debtor will only assume and assign only
those Contracts and Leases that the Purchaser has designated it
wants to assume pursuant to the Purchase Agreement.

The proposed timing of the sale is expedited, however, the
applicable Bankruptcy Rules support the proposed timeframe within
which the Debtor seeks approval of the sale.

The lienholders in the Property are: (a) Community Bank as the
Lender of not less than $700,000; (b) the Internal Revenue Service
in the amount of $5,155; (c) the Las Vegas Valley Water District
for water in the amount of$3,529; (d) the City ofLas Vegas for
sewer service in the amount of$2,130; (e) 10 Republic Services for
trash removal of $1,068.

Additional charges proposed to be paid directly out of escrow
include, among other matters, the brokerage fees to the brokers
involved,  which involve Commerce CRG's split of its total
brokerage fee as already approved by the Court Company; transfer
taxes to Clark County; and payment to Anderson for the "flat fee"
portion of its retention for appraisal preparation as already
pre-approved by the Court.

The Debtor proposes that the sale of the Property be free and clear
of any and all liens, claims and encumbrances, with any secured
claims and liens attaching to the proceeds of sale, and that all
items in the Settlement Statement, with the except of the Lender's
allowed secured claim, will be paid immediately at closing on the
purchase of the Property.

Any cure costs for any Existing Operating Contracts or Existing
Leases will also be paid directly out of escrow and immediately
upon the closing, provided, however, that the Lender will be
entitled to review and approve the payment of any cure costs for
any Contracts or Leases that exceed $10,000 in the aggregate.

The title company will continue to hold all remaining proceeds of
sale, from and after payment in full of all items listed on the
Settlement Statement, save and except for the Lender's allowed
secured claim and lien, and will not disburse any funds absent
further order of the Court.

No auction of the Property is contemplated; rather, the Motion
proposes a private sale to the Purchaser because the Property has
already been listed and actively marketed for sale by Commerce
CRG.

The deadline to close on the sale of the Property per the Purchase
Agreement is Jan. 3, 2017, unless extended through the payment of
an extension fee to Feb. 2, 2017.  The proposed Purchase has
already submitted an earnest money deposit in the sum of $75,000,
and the terms governing its handling are as set forth in the
Purchase Agreement.

This is a sale outside of a plan of reorganization and thus the
Motion does not seek to have the sale declared exempt from taxes
pursuant to Section 1146(a) of the Bankruptcy Code; rather, as set
forth in the Settlement Statement, transfer taxes will be paid
immediately and directly out of escrow.

The Motion and the proposed Purchase Agreement propose to sell
substantially  after the sale such as may be needed to conclude
administration of the Chapter 11 Case.

The Debtor respectfully submits that waiver of the stays under
Bankruptcy Rules 6004(h) and 6006(d) is appropriate and justified
in light of the requirements in the Purchase Agreement, such that
the Sale Order should be effective immediately on its entry, and
all parties, including the Debtor, the Purchaser, and the title
company should be permitted to close on the transaction immediately
and without further order of the Court, and to take any other
necessary and further actions to consummate the transaction as set
forth in the Purchase Agreement.

                    About Las Vegas John

Las Vegas John, L.L.C., filed a chapter 11 petition (Bankr. D.
Nev.
Case No. 16-14273) on Aug. 3, 2016.  The petition was signed by
Dmitrios P. Stamatakos, managing member.  The Debtor is
represented
by Matthew C. Zirzow, Esq., at Larson & Zirzow.

The case is assigned to Judge August B. Landis. The Debtor
estimated assets at $1 million to $10 million and debts at
$500,000
to $1 million at the time of the filing.

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


LATTICE INC: Amends GTL Note to Extend Payment Due Date
-------------------------------------------------------
As previously disclosed by Lattice Incorporated on April 29, 2016,
the Company issued a promissory note in the aggregate principal
amount of $2,495,625 to Global Tel*Link Corporation.  The Note
bears interest at the rate of 8% per year and provides a schedule
of payments consisting of principal and interest through April 30,
2019.  The obligations under the Note are secured by all of the
Company's assets pursuant to the terms of a Security Agreement.  A
payment under the Note was due on Oct. 31, 2016.  On Oct. 31, 2016,
GTL and the Company agreed to extend the Payment due date, and on
Nov. 9, 2016, the Company and GTL amended the original extension to
extend the Payment due date to Dec. 9, 2016.

                     About Lattice Inc.

Pennsauken, New Jersey-based Lattice Incorporated provides
telecommunications services to correctional facilities and
specialized telecommunication service providers in the United
States.

Lattice reported a net loss available to common shareholders of
$5.55 million on $7.58 million of revenue for the year ended
Dec. 31, 2015, compared to a net loss available to common
shareholders of $1.82 million on $8.94 million of revenue for the
year ended Dec. 31, 2014.

As of June 30, 2016, Lattice had $3.01 million in total assets,
$10.63 million in total liabilities and a total shareholders'
deficit of $7.62 million.

Rosenberg Rich Baker Berman & Company, in Somerset, New Jersey,
issued a "going concern" qualification on the consolidated
financial statements for the year ended Dec. 31, 2015, citing that
the Company has a working capital deficit and requires additional
working capital to meet its current liabilities.  These factors
raise substantial doubt about the Company's ability to continue as
a going concern.


LIBERTY TOWERS: Unsecureds To Be Paid From Asset Sale Proceeds
--------------------------------------------------------------
Liberty Towers Realty LLC filed with the U.S. Bankruptcy Court for
the Eastern District of New York a second amended disclosure
statement referring to the Debtor's second amended Chapter 11 plan
of reorganization.

Under the Plan, the Debtor will sell its properties.  The sale
price of the properties set forth in a contract of sale is
$15,200,000.  The Debtor will pay all claims in full in cash at the
closing on confirmation.

Class IV consists of all allowed Unsecured Claims against the
Debtor.  Class IV Claims will be paid in full in cash at closing of
the sale transaction through the proceeds of the sale transaction
and a contribution by the Debtor's principal if necessary.and
agreed to by the parties.  Class IV is an unimpaired class.

The Second Amended Disclosure Statement is available at:

           http://bankrupt.com/misc/nyeb14-5187-131.pdf

The Plan was filed by the Debtor's counsel:

     David Carlebach, Esq.
     LAW OFFICES OF DAVID CARLEBACH, ESQ.
     55 Broadway, Suite 1902
     New York, New York 10006
     Tel: (212) 785-3041
     E-mail: david@carlebachlaw.com

                      About Liberty Towers

Liberty Towers Realty LLC owns real estate assets located at 170
Richmond Terrace, Staten Island, New York 10301; 178 Richmond
Terrace, Staten Island, New York 10301, 20-24 Stuyvesant Place,
Staten Island, New York 10301; 18 Stuyvesant Place, Staten Island,
New York, 10301; and 8 Stuyvesant Place, Staten Island, New York
10301.

The Debtor sought bankruptcy protection in Brooklyn, New York
(Bankr. E.D.N.Y. Case No. 14-45187) on Oct. 15, 2014, just three
years after the dismissal of its previous Chapter 11 case.  The
petition was signed by Toby Luria as member.  The Debtor estimated
assets and debts of $10 million to $50 million.  The Carlebach Law
Group serves as the Debtor's counsel.

Liberty Towers' case was initially assigned to Judge Carla E.
Craig but has been reassigned to Judge Elizabeth S. Stong due to
Liberty's previous bankruptcy case (Case 11-42589).  The previous
case was dismissed July 27, 2011.

Related entity Liberty Towers Realty I, LLC, also sought bankruptcy
protection (Case No. 14-45189) on Oct. 15, 2014.


LIFE PARTNERS: Exits Ch. 11, To Begin Distributions to Investors
----------------------------------------------------------------
H. Thomas Moran, II, the Chapter 11 Trustee for Life Partners
Holdings Inc. (LPHI), on Dec. 13, 2016, disclosed that the Joint
Plan of Reorganization sponsored by Moran and the Official
Unsecured Creditors' Committee became effective on Dec. 9, 2016.
As a result, Life Partners has emerged from bankruptcy as a
reorganized enterprise designed to maximize recovery for
investors.

"This is a momentous day for the investors in Life Partners as it
means they will now begin recovering a substantial amount of their
original principal investments," said Mr. Moran, a highly regarded
expert in the life insurance industry who was appointed as Trustee
in March 2015 by the U.S. Bankruptcy Court for the Northern
District of Texas.  Mr. Moran is the president and CEO of Asset
Servicing Group, LLC, a pioneer in life settlement portfolio
management as the first independent third-party servicer of life
insurance policies purchased on the secondary market.

U.S. Bankruptcy Judge Russell F. Nelms entered an order last month
confirming the Joint Plan.  That order authorized a series of
transactions that culminated in the company's exit from bankruptcy
on Dec. 9.

"Within the next two weeks, distributions of more than $100 million
collected from matured policies during the bankruptcy proceedings
will be distributed to investors," said Mr. Moran.  "Going forward,
we project that investors will receive roughly 90 percent of their
invested capital over time as a result of the plan we were able to
put in place -- depending on the option they elected."

The Court-approved reorganization plan preserved the Life Partners
$2.4 billion portfolio of life insurance policies, which includes
approximately $1.4 billion of investor capital still at risk.  The
plan created two new entities: the Position Holder Trust and the
Creditors' Trust.  The Position Holder Trust, which will be headed
by Eduardo S. Espinosa, of Dykema Cox Smith in Dallas, will oversee
the liquidation of the policy portfolio and distribution of the net
proceeds to investors.  The Creditors' Trust, which will be headed
by Alan M. Jacobs, of AMJ Advisors, will pursue litigation arising
from the Life Partners' pre-bankruptcy business activities, for the
benefit of Life Partners' investors.

The Joint Plan allowed investors to select among various options
for the recovery of their capital, including options that enable
them to avoid exposure to any future financial commitments or to
tie their future returns to individual policies still active in the
company portfolio.

"We anticipate a seamless transfer to the new trusts and new
servicer, as well as effective oversight from the five-person board
of directors comprised of both investors and seasoned industry
professionals with expertise in life settlement transactions," said
Mr. Moran.

In December 2014, the U.S. Securities and Exchange Commission (SEC)
secured judgments against Life Partners and its senior executives
totaling more than $46.8 million for engaging in "serious
violations" of the securities laws that "deprived the investing
public of the information it needed to make a fully informed
decision about whether to invest in Life Partners."  That judgment
prompted the company's former management team to put the company in
bankruptcy in the Northern District of Texas (Fort Worth Division,
Case No. 15-40289).

The Life Partners bankruptcy case raised a number of highly complex
issues surrounding the maximization of the value of the policy
portfolio and the restructuring of its business enterprise.

Mr. Moran applauded the efforts of the professionals and firms
involved for having achieved this important milestone.  In addition
to David Bennett, Richard Roper and Katharine Clark of Thompson &
Knight LLP, who represent Mr. Moran, he cited the important
contributions of other members of his team including: Sheri
Townsend of Asset Servicing Group; Kim Hinkle of Kim Hinkle Law;
Dawn Ragan of Bridgepoint Consulting; William Schuerger and Randy
Williams of Thompson Knight LLP; Vince Granieri of Predictive
Resources; and Melvin McVay of Phillips Murrah.

The Official Committee of Unsecured Creditors was represented by
Joseph Wielebinski, Dennis Roossien and Jay Ong of Munsch Hardt
Kopf and Harr.  Vida Capital provided the exit financing for the
transaction and will act as servicer for the Life Partners policy
portfolio and investors.

For more information, go to http://www.LPHITrustee.com/

                About Life Partners Holdings

Headquartered in Waco, Texas, Life Partners Holdings, Inc. --
http://www.lphi.com/-- is the parent company engaged in the
secondary market for life insurance, commonly called "life
settlements."  Since its incorporation in 1991, Life Partners,
Inc., has completed over 162,000 transactions for its worldwide
client base of over 30,000 high net worth individuals and
institutions in connection with the purchase of over 6,500 policies
totaling over $3.2 billion in face value.

LPHI is a publicly traded company incorporated in Texas and its
common stock has been delisted from the NASDAQ (formerly trading
under the symbol LPHI).

Life Partners Holdings sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. N.D. Tex. Case No. 15-40289) on Jan. 20,
2015.

The case is assigned to Judge Russell F. Nelms.  J. Robert Forshey,
Esq., at Forshey & Prostok, LLP, serves as counsel to the Debtor.

LPHI disclosed $2,406,137 in assets and $52,722,308 in liabilities
as of the Chapter 11 filing.

The official committee of unsecured creditors formed in the case
tapped Munsch Hardt Kopf & Harr, P.C., as counsel.

Tracy A. Bolt of BDO USA, LLP was named as examiner for the
Debtor's case.  At the behest of the U.S. Securities and Exchange
Commission, the U.S. Trustee, and the Creditors Committee, the
Court ordered the appointment of a Chapter 11 trustee.  On March
13, 2015, H. Thomas Moran II was appointed as Chapter 11 trustee in
LPHI's case.  The trustee is represented by Thompson & Knight LLP.

The Chapter 11 trustee signed Chapter 11 bankruptcy petitions for
LPHI's subsidiaries on May 19, 2015: Life Partners Inc. (Case No.
15-41995) and LPI Financial Services, Inc. (Case No. 15-41996).

Life Partners is estimated to have $100 million to $500 million in
assets and more than $1 billion in debt.  LPI Financial estimated
less than $50,000.


LIFE UNIVERSITY: Moody's Affirms Ba3 Rating on Rev./Refunding Bonds
-------------------------------------------------------------------
Moody's Investors Service has affirmed the Ba3 rating on Life
University's (GA) Series 2008 Revenue and Refunding Bonds. The
approximately $67 million of rated bonds were issued through the
Marietta Georgia Development Authority. The outlook is stable.

The Ba3 rating incorporates Life University's solid niche as
provider of chiropractic education, established record of revenue
growth and budgetary discipline. These strengths are tempered by
97% reliance on student charges combined with niche program focus
yielding extremely limited revenue diversity, low donor support,
high financial leverage, and ongoing capital needs.

Rating Outlook

The stable outlook reflects the prospects for ongoing incremental
revenue growth supporting strong operating cash flow performance
combined with effective enrollment management.

Factors that Could Lead to an Upgrade

   -- Substantial increase in unrestricted liquidity

   -- Demonstrated ability to invest in capital without increasing

      financial leverage

   -- Ongoing revenue growth and diversification of revenues

Factors that Could Lead to a Downgrade

   -- Disruption in student demand leading to weakening of
      operating performance

   -- Diminishment of unrestricted liquidity

Legal Security

The Series 2008 bonds are secured by a gross revenue pledge, first
mortgage pledge of university real property and cash funded debt
service reserve fund equal to maximum annual debt service. Other
features include a debt service coverage rate covenant of 1.2
times. There is also a Liquidity Covenant of 80 Days Cash on Hand
as well as a Long-Term Indebtedness Ratio requirement of at least
0.15 times and accounts payable covenant.

For the period ending September 30, 2016 the Debt Service Coverage
Ratio was 1.25 times compared to the 1.2 times requirement. The
Days Cash on Hand calculation based on June 30, 2015 data was 216
days compared to the 80 day requirement. The Long-Term Indebtedness
Coverage Ratio was 0.52 times as compared to 0.15 times
requirement. Failure to meet the required covenants in any two
consecutive calendar quarters would trigger the university's
requirement to transfer all Revenues to the Trustee on a daily
basis.

Use of Proceeds

Not applicable.

Obligor Profile

Life University was founded in 1974 as a private university in the
Atlanta suburb of Marietta, Georgia. The majority of students are
enrolled in its doctoral degree program in chiropractic. The
university also offers undergraduate and graduate programs in
health and wellness-oriented fields. Operating revenue was $61
million in fiscal 2015.

Methodology

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



MANUEL DUARTE: Proposes To Pay Unsecureds $5,000
------------------------------------------------
Manuel J. Duarte filed with the U.S. Bankruptcy Court for the
District of Nevada a disclosure statement referring to the Debtor's
plan of reorganization.

Holders of Class 3 General Unsecured Claims will be paid the amount
of $5,000.  This class is impaired under the Plan.

Payments and distributions under the Plan will be funded by the
investment property rents and the Debtor's wage income as
required.

The Debtor's income is generated from personal employment and from
rental income received from the Debtor's investment property.  The
Debtor has been able to improve cash reserves since filing for
bankrutpcy and also retain income which can be used to fund the
Plan.

The Disclosure Statement is available at:

            http://bankrupt.com/misc/nvb16-12705-50.pdf

The Plan was filed by the Debtor's counsel:

     Michael J. Harker, Esq.
     THE LAW OFFICES OF MICHAEL J. HARKER
     2901 El Camino Avenue No. 200
     Las Vegas, NV 89102
     Tel: (702) 248-3000
     Fax: (702) 425-7290
     E-mail: mharker@harkerlawfirm.com

Manuel J. Duarte is employed as a carpenter.  The Debtor also
receives monthly rental income from an investment property located
at 312 Mindoro Avenue which is not operated as an independent
business entity.

The Debtor filed for Chapter 11 bankruptcy protection (Bankr. D.
Nev. Case No. 16-12705) on May 17, 2016.  Michael J. Harker, Esq.,
serves as the Debtor's bankruptcy counsel.


MARYVALE HOLDINGS: Cotterkey Against Cash Collateral Use
--------------------------------------------------------
Cotterkey Investments LTD and Arizona Affordable Housing Authority,
LLC, collectively known as Cotterkey, inform the U.S. Bankruptcy
Court for the District of Arizona that they do not consent to
Maryvale Holdings, LLC's use of cash collateral.

Cotterkey contends it has a security interest in the Debtor's real
property located at 4550 N. 51st Avenue, Phoenix, Arizona, as well
as the rents, property income, issues and their profits.

Cotterkey believes that the property is vacant.  It tells the Court
that to the extent that there do exist tenants, Cotterkey does not
consent to the use of its cash collateral.

Cotterkey asserts that the cash collateral cannot be used by the
Debtor unless Cotterkey consents or the Court authorizes its use.
Cotterkey further asserts that the Debtor has the duty to segregate
and account for any cash collateral and file monthly operating
reports demonstrating that the cash collateral are in the account
and are not being used.

A full-text copy of Cotterkey Investments and Arizona Affordable
Housing Authority, LLC's Notice, dated Dec. 9, 2016, is available
at
http://bankrupt.com/misc/MaryvaleHoldings2016_216bk13877ps_5.pdf

Cotterkey Investments and Arizona Affordable Housing Authority are
represented by:

          Cynthia L. Johnson, Esq.
          LAW OFFICE OF CYNTHIA L. JOHNSON
          11640 East Caron Street
          Scottsdale, AZ 85259
          Telephone: (480) 381-7929
          E-mail: cynthia@jsk-law.com

The case is In re Maryvale Holdings, LLC (Bankr. D. Ariz. Case No.
16-bk-13877).



MORGAN STANLEY: Fitch Affirms 'BB+' Preferred Stock Rating
----------------------------------------------------------
Fitch Ratings has affirmed Morgan Stanley's (MS) Long-Term and
Short-Term Issuer Default Ratings (IDRs) at 'A/F1', and its
Viability Rating (VR) at 'a'. The Rating Outlook is Stable.

The rating affirmations have been taken in conjunction with Fitch's
periodic review of the Global Trading and Universal Banks (GTUBs).

KEY RATING DRIVERS

IDRs, VR, SENIOR DEBT, AND DERIVATIVE COUNTERPARTY

Fitch's affirmation of MS's ratings and maintenance of a Stable
Outlook reflect its strong global franchise, continued execution of
its wealth management strategy, higher than peer group capital
ratios, and good funding and liquidity positions. These rating
strengths continue to be offset by the company's exposure to
market-sensitive businesses and its reliance primarily on wholesale
funding and still challenging earnings performance.

In addition, Fitch has assigned Derivative Counterparty Ratings
(DCRs) to Morgan Stanley as part of its roll out of DCRs to
significant derivative counterparties in Western Europe and the
U.S. DCRs are issuer ratings and express Fitch's view of banks'
relative vulnerability to default under derivative contracts with
third-party, non-government counterparties. The DCR of each entity
is equalized with each entity's Long-Term IDR.

Fitch views MS's balanced business model across capital markets,
wealth management and investment management favorably. Through the
first nine months of 2016, MS derived nearly 50% of its net revenue
from wealth management and investment management activities, and
the other half from investment banking, equity sales and trading,
and fixed income, currency, and commodities (FICC). Fitch believes
MS's business diversity contributes to more stable and sustainable
earnings and should eventually help overall returns on equity (ROE)
to sustainably meet long-term targets.

MS is increasing its use of technology in order to drive
efficiencies and enhance customer-wallet share. To this end, MS has
continued to execute on its "Project Streamline" efficiency
initiative, which is targeting to reduce overall company expenses
by $1.0 billion through 2017. This initiative is focused on
optimizing support services through the use of technology, actively
managing compensation expenses and the absence of additional large
litigation charges. The company has indicated that it remains on
track to realize the targeted savings by year-end 2017.

Fitch believes that these expense control efforts helped buoy the
wealth management segment's pre-tax margin of 23.2% in
third-quarter 2016 (3Q16), which was in line with the company's
stated wealth management margin target of 23%-25%. To the extent
that the company is successful in continuing to harness technology
to support its business activities, Fitch believes there is further
incremental upside to the wealth management pre-tax margin over a
medium-term time horizon.

Additionally, Fitch notes that as MS continues to migrate the
wealth management business away from more transactional sources of
revenue and towards more recurring fee-based revenue, this should
help the durability of the segment's overall revenue profile. That
said, MS's intention to utilize the best interests contract
exemption to the Department of Labor's (DOL) fiduciary rule, would
to allow MS to continue maintain transactional Individual
Retirement Accounts (IRA), thereby slowing the evolution to fee
based accounts.

While the wealth management business has been growing, MS's capital
markets activities still comprise a significant portion of the
company's earnings. Recent performance within MS's Institutional
Securities Group has improved but still remains below company
targets. MS's advisory and equities franchises remain strong,
although initial public offerings have been relatively weak in
2016.

The performance of the company's FICC business, while improved in
3Q16, still has weighed on overall performance. Fitch views the
de-risking of MS's FICC business over the last few years as a
positive from a creditor's perspective in that it reduces both the
volatility of results and the potential for unexpected losses.
However, it also makes generating long-term returns that
consistently meet targets more challenging.

MS's fully phased-in Basel III Common Equity Tier 1 (CET1) ratio
improved to 15.8% as of 3Q16, at the top of the peer-group. In
addition, MS's Fitch Core Capital (FCC) ratio was a strong 16.5% at
3Q16.

Fitch views capital levels as temporarily elevated and expects MS
will look to return more capital to owners after certain regulatory
capital rules are finalized and it completes the remediation in its
capital planning process as required by the last CCAR review.

While the company's more wholesale-funded business model is a
rating constraint relative to some peer institutions Fitch
acknowledges that MS has grown deposits, substantially reducing its
reliance on short-term unsecured funding, and increasing its
weighted average maturity of wholesale obligations.

DERIVATIVE COUNTERPARTY RATING

Fitch has assigned a derivative counterparty rating (DCR) of 'A' to
MS. The DCR is equalized with MS's IDR reflecting Fitch's view that
derivative counterparties to MS will rank equally to other senior
unsecured creditors.

SUBORDINATED DEBT AND OTHER HYBRID SECURITIES

Subordinated debt and other hybrid capital issued by MS are all
notched down from the VR in accordance with Fitch's assessment of
each instrument's respective non-performance and relative loss
severity risk profiles, which vary considerably.

Subordinated debt issued by the operating companies is rated at the
same level as subordinated debt issued by MS reflecting the
potential for subordinated creditors in the operating companies to
be exposed to loss ahead of senior creditors in MS. MS's
subordinated debt is rated one notch below MS's VR, its preferred
stock is rated five notches below (which encompasses two notches
for non-performance and three notches for loss severity), and its
trust preferred stock is rated four notches below MS's
VR(encompassing two notches for non-performance and two notches for
loss severity).

LONG- AND SHORT-TERM DEPOSIT RATINGS

U.S. deposit ratings of Morgan Stanley Bank, N.A. (MSBNA) are
one-notch higher than senior debt ratings of MSBNA reflecting the
deposits' superior recovery prospects in case of default given
depositor preference in the U.S.

SUBSIDIARY AND AFFILIATED COMPANY

The Long-Term IDR of MSBNA benefits from an institutional Support
Rating of '1', which indicates Fitch's view that the propensity of
the parent to provide capital support to the operating subsidiaries
is extremely high.

The institutional Support Rating of '1' suggests that MSBNA's
Long-Term IDR would typically be equalized with that of the parent
company due; however, MSBNA's ratings also receive an additional
one-notch uplift above MS's Long-Term IDR to reflect Fitch's belief
that the U.S. single point of entry (SPOE) resolution regime, the
likely implementation of total loss absorbing capacity (TLAC)
requirements for U.S. global systemically important banks (G-SIBs),
and the presence of substantial holding company debt reduce the
default risk of these domestic operating subsidiaries' senior
liabilities relative to holding company senior debt.

Additionally, MSBNA's 'F1' Short-Term IDR is at the lower of two
potential Short-Term IDRs which map to an 'A' Long-Term IDR on
Fitch's rating scale, in order to reflect the company's greater
reliance on wholesale funding than more retail-focused banks. MS
and its non-bank operating companies Short-Term IDRs of 'F1'
reflect Fitch's view that there is less surplus liquidity at these
entities than at the bank, particularly given their greater
reliance on the holding company for liquidity.

SUPPORT RATING AND SUPPORT RATING FLOOR

The Support Rating and Support Rating Floor for MS reflect Fitch's
view that senior creditors cannot rely on receiving extraordinary
support from the sovereign in the event that MS becomes non-viable.
In Fitch's view, implementation of the Dodd Frank Orderly
Liquidation Authority legislation has now sufficiently progressed
to provide a framework for resolving banks that is likely to
require holding company senior creditors to participate in losses,
if necessary, instead of or ahead of the company receiving
sovereign support. As previously noted, MSBNA has a Support Rating
of '1', which reflects Fitch's view of an extremely high
probability of institutional support for the entity. MSBNA does not
have a VR at this time, given Fitch's view of its more limited role
within the group structure.

RATING SENSITIVITIES

VR, IDRs, SENIOR DEBT, AND DERIVATIVE COUNTERPARTY RATING

Fitch considers MS's VR to be well situated at its current level.
There could be modest longer-term upside to ratings, although this
would likely be limited to the 'A' rating category, reflecting the
cyclicality of many of MS's business activities and its primary
reliance on wholesale, confidence sensitive funding sources. Should
MS further improve the level and stability of its earnings such
that returns on equity (ROEs) are sustainably in excess of the
company's targets of 9%-11%, while further reducing its reliance on
wholesale funding and maintaining strong capital ratios, this could
lead to some modest upside to the ratings.

Potential downside risks to ratings include any large and/or
unforeseen losses from either litigation or a risk management
failure, particularly if permanent franchise damage is incurred as
a result.

In addition, and while not expected, if the company's operating
performance, as measured by ROE, remains challenged and is
consistently below peers for a sustained period this could
ultimately lead to negative ratings pressure over a longer-term
time horizon.

Fitch notes that MS's Long-Term IDR, senior debt, and DCR are
equalized with the VR at the holding company. Thus MS's IDR, senior
debt ratings and DCR would be sensitive to any changes in MS's VR.

DERIVATIVE COUNTERPARTY RATING

DCRs are primarily sensitive to changes in the respective issuers'
Long-Term IDRs. In addition, they could be upgraded to one notch
above the IDR if a change in legislation (for example as recently
proposed in the EU) creates legal preference for derivatives over
certain other senior obligations and, in Fitch's view, the volume
of all legally subordinated obligations provides a substantial
enough buffer to protect derivative counterparties from default in
a resolution scenario.

SUBORDINATED DEBT AND OTHER HYBRID SECURITIES

Subordinated debt and other hybrid ratings are primarily sensitive
to any change in MS's VR and secondarily to a change in Fitch's
recovery expectations for such instruments.

LONG- AND SHORT-TERM DEPOSIT RATINGS

MSBNA's deposit ratings are sensitive to any change in the entity's
IDR, which is sensitive to any change in the VR of the parent
company given the institutional SR of '1'. Thus, deposit ratings
are ultimately sensitive to any change in MS's VR or Fitch's view
of institutional support for that entity.

SUBSIDIARY AND AFFILIATED COMPANY

MSBNA's IDR is rated one-notch higher than the parent holding
company's IDR because the bank subsidiary benefits from the
structural subordination of holding company TLAC, which effectively
supports senior operating liabilities of the bank subsidiary. Any
change in Fitch's view on the structural subordination of TLAC with
respect to MSBNA could also result in a change in MSBNA's IDR.

SUPPORT RATING AND SUPPORT RATING FLOOR

Support Ratings and Support Rating Floors would be sensitive to any
change in Fitch's view of support. However, since these two were
downgraded to '5' and 'No Floor', respectively, in May 2015, there
is unlikely to be any change to these ratings in the foreseeable
future.

MSBNA's Institutional SR of '1' is sensitive to any change in
Fitch's views of potential institutional support for this entity
from the parent company.

Fitch affirms the following:

   Morgan Stanley

   -- Long-Term IDR at 'A'; Outlook Stable;

   -- Long-term senior debt at 'A';

   -- Short-Term IDR at 'F1';

   -- Short-term debt at 'F1';

   -- Commercial paper at 'F1';

   -- Market linked securities at 'Aemr';

   -- VR at 'a';

   -- Subordinated debt at 'A-';

   -- Preferred stock at 'BB+';

   -- Support at '5';

   -- Support floor at 'NF'.

   Morgan Stanley Bank N.A.

   -- Long-Term IDR at 'A+'; Outlook Stable;

   -- Long-term Deposits at 'AA-';

   -- Short-Term IDR at 'F1';

   -- Short-term Deposits at 'F1+';

   -- Support at '1'.

   Morgan Stanley Canada Ltd

   -- Short-Term IDR at 'F1';

   -- Short-term debt at 'F1';

   -- Commercial paper at 'F1'.

   Morgan Stanley International Finance SA

   -- Short-Term debt at 'F1'.

   Morgan Stanley Secured Financing LLC

   -- Long-term senior debt at 'A';

   -- Short-term debt at 'F1'.

Fitch assigns the following rating:

   Morgan Stanley

   -- Derivative Counterparty Rating 'A(dcr)'.



MWM & SONS: Hires Burns Law as Counsel
--------------------------------------
MWM & Sons Corporation seeks authorization from the U.S. Bankruptcy
Court for the District of Maryland to employ The Burns LawFirm, LLC
as counsel for the Debtor.

The Debtor requires the Firm to:

     a. provide the Debtor with legal advice concerning their
powers and duties as Debtor-in-possession;

     b. prepare, as necessary, applications, answers, orders,
reports and other legal papers, to be filed by the Debtor;

     c. file and prosecute of adversary proceedings against
necessary parties adverse to the Debtor or their estate;

     d. prepare any disclosure statement or plan of reorganization;
and

     e. perform all other legal services for the Debtor and their
estate which may be necessary, with the exception of monthly
operating reports for which the Debtor shall either employ an
accountant on separate Court Order, or prepare and file same on
their own initiative.

The Firm will be paid at these hourly rates:

     John D. Burns, Esq.          $495
     Associate Attorney           $355
     Paraprofessionals            $295

John D. Burns, Esq., managing member of The Burns LawFirm, LLC,
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 estates.

The Firm may be reached at:

    John D. Burns, Esq.
    The Burns LawFirm, LLC
    6303 Ivy Lane; Suite 102
    Greenbelt, Maryland 20770
    Phone: (301) 441-8780

                             About MWM & Sons


MWM & Sons Corporation filed a Chapter 11 bankruptcy petition
(Bankr. D.MD. Case No. 16-25851) on December 2, 2016. Hon. Wendell
I. Lipp presides over the case. The Burns LawFirm represents the
Debtor as counsel.

In its petition, the Debtor estimated $1 million to $10 million in
both assets and liabilities. The petition was signed by Moin M.
Ahmad, president.



MWM & SONS: Hires NAI Michael as Realtor
----------------------------------------
MWM & Sons Coporation seeks authorization from the U.S. Bankruptcy
Court for the District of Maryland to employ NAI Michael, The
Michael Companies, Inc. as realtor.

The Debtor has employed NAI Michael by and through Dan LaPlaca, a
firm member and general counsel, to serve as real estate broker
respective to the sale of the Debtor's real property situate at
Parcel C 7750 Annapolis Road, Lanham, Prince George's County MD,
containing approximately .564 acres of land being more particularly
described in a Deed in Prince George's County, in Liber 24840,
folio et seq. together with improvements thereon consisting of Two
(2) buildings containing a total of approximately 1,860 square feet
of gross floor area (the "Property") a listing agreement was
arrived at on or about February 3, 2016, wherein the duties of the
broker are to sell the development property.

In consideration of this service, NAI Michael collects the sum of
7.00% of the sale price.

Dan LaPlaca, affiliated with NAI Michael, The Michael Companies,
Inc., assured the Court that the firm does not represent any
interest adverse to the Debtor and its estates.

NAI Michael may be reached at:

       Dan LaPlaca
       NAI Michael, The Michael Companies, Inc.
       10100 Business Parkway
       Lanham, MD 20706
       Phone: (301)459-4400
       Fax: (301)459-1533

                     About MWM & Sons

MWM & Sons Corporation filed a Chapter 11 bankruptcy petition
(Bankr. D.MD. Case No. 16-25851) on December 2, 2016. Hon. Wendell
I. Lipp presides over the case. The Burns LawFirm represents the
Debtor as counsel.

In its petition, the Debtor estimated $1 million to $10 million in
both assets and liabilities. The petition was signed by Moin M.
Ahmad, president.



NASTY GAL: Hires Robins Kaplan as Counsel
-----------------------------------------
Nasty Gal Inc., seeks authorization from the U.S. Bankruptcy Court
for the Central District of California to employ Robins Kaplan LLP
as bankruptcy counsel.

The Debtor requires Robins Kaplan to:

      a. advise the Debtor with regard to the requirements of the
Bankruptcy Court, Bankruptcy Code, Bankruptcy Rules and the Office
of the United States Trustee as they pertain to the Debtor;

      b. advise the Debtor with regard to certain rights and
remedies of its bankruptcy estate and the rights, claims and
interests of creditors;

      c. represent the Debtor in any proceeding or hearing in the
Bankruptcy Court involving its estate unless the Debtor is
represented in such proceeding or hearing by other special
counsel;

      d. conduct examinations of witnesses, claimants or adverse
parties and represent the Debtor in any adversary proceeding except
to the extent that any such adversary proceeding is in an area
outside of Robins Kaplan’s expertise;

      e. prepare and assist the Debtor in the preparation of
reports, applications, pleadings and orders including, but not
limited to, applications to employ professionals, interim
statements and operating reports, initial filing requirements,
schedules and statement of financial affairs, lease pleadings, cash
collateral pleadings, financing pleadings, and pleadings with
respect to the Debtor’s use, sale or lease of property outside
the ordinary course of business;

      f. assist the Debtor in the negotiation, formulation,
preparation and confirmation of a plan of reorganization and the
preparation and approval of a disclosure statement in respect of
the plan; and

      g. perform any other services which may be appropriate in
Robins.

Robins Kaplan will be paid at these hourly rates:

      Partners/Of Counsel Attorneys    $685 to $795
      Associates                       $445 to $550
      Paraprofessionals                $235

Robins Kaplan received total payments in the amount of $302,139.85
for services performed and expenses incurred, including in
preparation for the commencement of the case. As of the Petition
Date, Robins Kaplan holds a retainer totaling $75,000.

Robins Kaplan will also be reimbursed for reasonable out-of-pocket
expenses incurred.

Scott F. Gautier, Esq., partner in the law firm Robins Kaplan LLP,
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 estates.

Robins Kaplan may be reached at:
   
        Scott F. Gautier, Esq.
        Robins Kaplan LLP
        2049 Century Part East, Suite 3400
        Los Angeles, CA 90067
        Tel: 310-229-5812
        E-mail: sgautier@robinkaplan.com

                 About Nasty Gal Inc.



Nasty Gal Inc. filed a Chapter 11 petition (Bankr. C.D. Cal. Case
No. 16-24862), on November 9, 2016.  The petition was signed by
Joe Scirocco, president.  The case is assigned to Judge Sheri
Bluebond. The Debtor is represented by Scott F. Gautier, Esq., at
Robins Kaplan LLP.  At the time of filing, the Debtor estimated
assets and liabilities at $10 million to $50 million.


NAVISTAR INTERNATIONAL: To Release Fiscal 2016 Q4 Results on Dec 20
-------------------------------------------------------------------
Navistar International Corporation announced that it will report
its fiscal 2016 fourth quarter financial results on Tuesday, Dec.
20, 2016.

The Company will host a conference call and present via a live
webcast its fiscal 2016 fourth quarter financial results on
Tuesday, Dec. 20, at approximately 9:00 a.m. Eastern (8:00 A.M.
Central).  Speakers on the webcast will include Troy Clarke,
president and chief executive officer and Walter Borst, executive
vice president and chief financial officer, among other company
leaders.

Those who wish to participate in the conference call may do so by
dialing: (877) 303-3199.  Additionally, the webcast can be accessed
through the investor relations page of the Company's website at
http://www.navistar.com/navistar/investors/webcasts.Investors are
advised to log on to the website at least 15 minutes prior to the
start of the webcast to allow sufficient time for downloading any
necessary software.  The webcast will be available for replay at
the same address approximately three hours following its conclusion
and will remain available for a limited time.

                  About Navistar International

Navistar International Corporation (NYSE: NAV) --
http://www.navistar.com/-- is a holding company whose             

subsidiaries and affiliates subsidiaries produce International(R)
brand commercial and military trucks, MaxxForce(R) brand diesel
engines, IC Bus(TM) brand school and commercial buses, Monaco RV
brands of recreational vehicles, and Workhorse(R) brand chassis
for motor homes and step vans.  It also is a private-label
designer and manufacturer of diesel engines for the pickup truck,
van and SUV markets.  The Company also provides truck and diesel
engine parts and service.  Another affiliate offers financing
services.

As of July 31, 2016, Navistar had $5.71 billion in total assets,
$10.85 billion in total liabilities and a total stockholders'
deficit of $5.13 billion.

                         *     *     *

In the July 22, 2015, edition of the TCR, Moody's Investors Service
affirmed Navistar's Corporate Family Rating at 'B3' and assigned a
'Ba3' rating to Navistar, Inc.'s new $1.04 billion senior secured
term loan due 2020.

Navistar carries a 'CCC' Issuer Default Ratings from Fitch
Ratings.

As reported by the TCR on Sept. 13, 2016, S&P Global Ratings placed
its ratings, including the 'CCC+' corporate credit ratings, on
Navistar on CreditWatch with positive implications.


NOBLE HOLDING: Moody's Assigns B1 Rating on New Sr. Unsecured Notes
-------------------------------------------------------------------
Moody's Investors Service assigned a B1 rating to Noble Holding
International Limited's (NHIL) proposed senior unsecured notes due
2024.  The senior notes are guaranteed by Noble Corporation (Cayman
Islands) and proceeds will be used to retire senior unsecured notes
maturing between 2020 and 2022 pursuant to a simultaneously
announced $500 million tender offer.  At the same time, Noble's NP
Senior Unsecured Commercial Paper rating was withdrawn following
the company's termination of its commercial paper program.  All
other ratings for NHIL and the stable rating outlook are
unchanged.

"The senior notes offering is consistent with Noble's efforts to
preserve and enhance liquidity and manage its debt maturity profile
during a deep and prolonged downturn in offshore drilling,"
commented John Thieroff, Moody's Vice President.

Assignments:

Issuer: Noble Holding International Limited
  Senior Unsecured Regular Bond/Debenture (Foreign Currency),
   Assigned B1 (LGD4)

Issuer: Noble Corporation (Cayman Islands)
  Senior Unsecured Commercial Paper, Withdrawn

                         RATINGS RATIONALE

The B1 senior notes rating reflects the lack of secured debt in
NHIL's capital structure, which results in the senior notes being
rated equal to the B1 Corporate Family Rating under Moody's Loss
Given Default Methodology.  The proposed senior notes are
unsecured, ranking pari passu with NHIL's existing senior notes,
and guaranteed by Noble Corporation (Cayman Islands).

NHIL's B1 Corporate Family Rating (CFR) reflects our expectations
that the company's leverage, margins and cash flow metrics will
deteriorate significantly in 2017 and 2018 as its contracted
revenue backlog rolls off and rigs are re-contracted at lower
dayrates and overall fleet utilization declines.  The B1 rating is
supported by the company's relatively new rig fleet that is
predominantly high specification, placing Noble in a good
competitive position to operate in all major global offshore
markets without requiring significant further capital investments.
The rating is also supported by the company's contracted revenue
backlog, its good liquidity and relatively small debt maturities
through 2019.  The company's agreement with Shell, establishing a
minimum dayrate for three of its drillships through at least April
2022, provides some buffer from very low spot market pricing is
viewed as credit enhancing.

Noble's SGL-2 rating reflects our expectations that the company
will maintain good liquidity through 2017.  At Sept. 30, 2016, the
company had $462 million of cash and full availability under its
$2.4 billion revolving credit facility.  The revolver matures in
2020 and has a covenant limiting the ratio of debt to total
tangible capitalization (as defined in the agreement) to 0.60x. The
company has good headroom under this covenant, which we expect to
be maintained well throughout 2017.  Moody's expects Noble to
generate modest free cash flow in 2017, in part due to considerably
reduced capital spending following completion of the Noble Lloyd
Noble in 2016 and no more new rig building announced. The cash
balance and revolving credit facility provide ample liquidity to
address debt maturities and working capital needs, in case cash
flows fall short of forecasts.  The company has
$300 million of senior notes maturing in 2017, $250 million in
2018, and $202 million in 2019.

The stable outlook incorporates Moody's expectations that Noble's
Debt/EBITDA will rise above 5x in 2017 as its contract backlog
rolls off into a weaker dayrate and utilization environment.  An
upgrade is unlikely given our expectations for rising financial
leverage over the next few years.  If Noble can sustain Debt/EBITDA
below 5x beyond 2017 in a stable or improving offshore drilling
market then the ratings could be upgraded.  The ratings could be
downgraded if Debt/EBITDA appears to be sustained above 6x beyond
2017.  Debt funded acquisitions or a material loss of backlog could
also pressure the ratings.

Noble Holding International Limited (Noble) is a wholly owned
subsidiary of Noble Corporation plc (Noble plc) and is the issuer
of the substantial majority of the company's rated debt.  Noble
plc, incorporated under the laws of England and Wales, is a leading
international offshore oil and gas drilling contractors.

The principal methodology used in this rating was Global Oilfield
Services Industry Rating Methodology published in December 2014.



NORTHERN OIL: FMR LLC Reports 1.8% Equity Stake as of Dec. 9
------------------------------------------------------------
In an amended Schedule 13G filed with the Securities and Exchange
Commission, FMR LLC and Abigail P. Johnson disclosed that as of
Dec. 9, 2016, they beneficially own 1,165,984 shares of common
stock of Northern Oil and Gas Inc. representing 1.849 percent of
the shares outstanding.  A full-text copy of the regulatory filing
is available for free at https://is.gd/Xt4MG4

                        About Northern Oil

Northern Oil and Gas, Inc. -- http://www.NorthernOil.com/-- is an  

exploration and production company with a core area of focus in the
Williston Basin Bakken and Three Forks play in North Dakota and
Montana.
  
Northern Oil reported a net loss of $975 million in 2015 following
net income of $164 million in 2014.  As of Sept. 30, 2016, Northern
Oil had $410.4 million in total assets, $886.4 million in total
liabilities, and a total stockholders' deficit of $476.1 million.

                            *     *     *

As reported by the TCR on Sept. 1, 2016, S&P Global Ratings lowered
its corporate credit rating on U.S.-based oil and gas E&P company
Northern Oil and Gas Inc. to 'CCC' from 'CCC+'.  The outlook is
negative.  "The downgrade follows the announcement by the company
that it has retained financial advisors Tudor, Pickering, Holt &
Co. to help it review strategic alternatives," said S&P Global
Ratings credit analyst Brian Garcia.  "We believe this increases
the likelihood the company could engage in a transaction we would
view as a distressed exchange, where holders of the company's
unsecured debt could receive less than the promised value," he
added.  As reported by the TCR on March 24, 2016, Moody's Investors
Service downgraded Northern Oil and Gas, Inc's Corporate Family
Rating to Caa2 from B3, Probability of Default Rating to Caa2-PD
from B3-PD, and the ratings on its senior unsecured notes to Caa3
from Caa1.  At the same time, Moody's lowered the Speculative Grade
Liquidity (SGL) rating to SGL-4 from SGL-3.  This concludes the
ratings review commenced on Jan. 21, 2016.  The ratings outlook is
negative.

"Weak oil and natural gas prices will diminish NOG's cash flows in
2017, when it no longer benefits from commodity price hedges,"
stated James Wilkins, a Moody's vice president.  "Leverage will
increase sharply and credit metrics will deteriorate."

Northern Oil carries a 'Caa2' corporate family rating from Moody's
Investors Service.


PARAGON OFFSHORE: Hires Akin Gump as Special Counsel for Directors
------------------------------------------------------------------
Paragon Offshore plc and its debtor-affiliates seek authorization
from the U.S. Bankruptcy Court for the District of Delaware to
employ Akin Gump Strauss Hauer & Feld LLP as special counsel to the
independent members of the Board of Directors of Paragon Parent,
nunc pro tunc to  August 8, 2016.

The Debtors require Akin Gump to provide legal services and advice
to the Independent Directors with respect to:

   (a) corporate governance and related matters, including
       attendance at Board meetings;

   (b) management employment issues;

   (c) ongoing restructuring discussions; and

   (d) all other matters delineated by the Independent Directors.

Akin Gump will be paid at these hourly rates:

       Daniel H. Golden         $1,325
       Daniel I. Fisher         $1,050
       Alexis Freeman           $875

Akin Gump will also be reimbursed for reasonable out-of-pocket
expenses incurred.

Daniel H. Golden, partner of Akin Gump, assured the Court that the
firm is a "disinterested person" as the term is defined in Section
101(14) of the Bankruptcy Code and does not represent any interest
adverse to the Debtors and their estates.

The Court will hold a hearing on the application on December 20,
2016, at 11:00 a.m.  Objections were due on December 5, 2016.

Pursuant to the Appendix B Guidelines for Reviewing Applications
for Compensation and Reimbursement of Expenses Filed Under United
States Code by Attorneys in Larger Chapter 11 Cases (the "2013 UST
Guidelines"), Akin Gump disclosed that:

  -- Akin Gump and the Debtors are currently working on a budget
     and staffing plan for Akin Gump's work. The budget
     necessarily will involve a projection of future events with  

     limited information and is subject to change as the case
     develops.

Akin Gump can be reached at:

       Daniel H. Golden, Esq.
       AKIN GUMP STRAUSS HAUER & FELD LLP
       One Bryant Park
       Bank of America Tower
       New York, NY 10036-6745
       Tel: (212) 872-8010
       Fax: (212) 872-1002
       E-mail: dgolden@akingump.com

                      About Paragon Offshore

Paragon Offshore plc -- http://www.paragonoffshore.com/-- is a  
global provider of offshore drilling rigs.  Paragon's operated
fleet includes 34 jackups, including two high specification heavy
duty/harsh environment jackups, and six floaters (four drillships
and two semi-submersibles).  Paragon's primary business is
contracting its rigs, related equipment and work crews to conduct
oil and gas drilling and workover operations for its exploration
and production customers on a dayrate basis around the world.
Paragon's principal executive offices are located in Houston,
Texas.  Paragon is a public limited company registered in England
and Wales and its ordinary shares have been trading on the
over-the-counter markets under the trading symbol "PGNPF" since
December 18, 2015.

Paragon Offshore Plc, et al., filed Chapter 11 bankruptcy
Petitions (Bankr. D. Del. Case Nos. 16-10385 to 16-10410) on Feb.
14, 2016, after reaching a deal with lenders on a reorganization
plan that would eliminate $1.1 billion in debt.

The petitions were signed by Randall D. Stilley as authorized
representative.  Judge Christopher S. Sontchi is assigned to the
cases.

The Debtors reported total assets of $2.47 billion and total debt
of $2.96 billion as of Sept. 30, 2015.

The Debtors engaged Weil, Gotshal & Manges LLP as general counsel,
Richards, Layton & Finger, P.A. as local counsel, Lazard Freres &
Co. LLC as financial advisor, Alixpartners, LLP as restructuring
advisor, and Kurtzman Carson Consultants as claims and noticing
agent.


PATRIOT COAL: Coal Miners at Risk of Losing Healthcare Benefits
---------------------------------------------------------------
Clement Daly at wsws.org reports that some 120,000 retired union
coal miners and their families, including 22,600 from Patriot Coal
Corp., are at risk of losing their health care and pensions in the
coming months.

wsws.org says the growing insolvency of the various health and
retirement funds overseen by the United Mine Workers of America
(UMWA) is rooted in the continuing global economic crisis and the
resulting collapse of commodities prices, which has led to a string
of coal operator bankruptcies, slashed production, and mass layoffs
throughout the coal regions.

At immediate risk are health care benefits for 22,600 retired coal
miners from Patriot Coal in West Virginia, Indiana, Illinois,
Kentucky, and Ohio.  According to wsws.org, the Patriot Retirees
Voluntary Employment Beneficiary Association (VEBA) has already
sent letters to about 16,100 retired miners informing them that due
to critical funding shortages, their health care benefits will be
discontinued as of Dec. 31, 2016. Another 6,500 retirees will lose
benefits early next year, the report relates.

According to wsws.org, the insolvent VEBA plan for the Patriot
retirees was brokered between the company and the UMWA following
Patriot's Chapter 11 bankruptcy in July 2012. Unable to reach an
agreement on sufficient concessions from the UMWA after months of
closed-door negotiations, the bankruptcy court approved Patriot's
reorganization plan in May 2013, granting the company permission to
scrap its collective bargaining agreement with the union, and
permitting Patriot to cease providing health care to its retirees,
says wsws.org.

wsws.org notes that the 2012 Patriot bankruptcy occurred at the
beginning of the downturn in the coal industry, which has since
transformed into a general collapse. That Patriot was the first of
the major coal operators to fall victim to the crisis, however, was
no accident, but was deliberately prepared over the course of the
last decade, the report states.

Patriot was created by Peabody Energy in 2007 as a means of
shedding mounting legacy liabilities associated with its union
operations east of the Mississippi, wsws.org discloses.  Upon its
creation, the mining giant sold Patriot 13% of its assets, but
burdened it with about 40% of its health care liabilities.

In 2008, Patriot purchased Magnum Coal -- a similar spinoff of
union operations carried out by Arch Coal in 2005 -- which
transferred about 12% of Arch's former assets along with 97% of its
retiree health care liabilities, wsws.org recalls. Both deals left
Patriot with more than three times as many retirees than active
miners, more than 90% of them having never worked a day for the
young company, the report says.

                 About Patriot Coal Corporation

Patriot Coal Corporation is a producer and marketer of coal in the
United States.  Patriot and its subsidiaries control 1.4 billion
tons of proven and probable coal reserves -- including owned and
leased assets in the Central Appalachia basin (in West Virginia
and Ohio) and Southern Illinois basin (in Kentucky and Illinois)
and their operations consist of eight active mining complexes in
West Virginia.

Patriot Coal first sought Chapter 11 protection on July 9, 2012,
and, on Dec. 18, 2013, won approval of its bankruptcy-exit plan
from the U.S. Bankruptcy Court for the Eastern District of
Missouri.  The plan turned over most of the ownership of the
company to bondholders that include New York hedge fund Knighthead
Capital Management LLC.  The linchpins of the plan were a global
settlement among the Debtors, the United Mine Workers of America,
and two third parties -- Peabody Energy Corporation and Arch Coal,
Inc. -- and a commitment by a consortium of creditors, led by
Knighthead, to backstop two rights offerings that funded the plan.

Patriot Coal Corporation and its subsidiaries commenced new
Chapter 11 cases (Bankr. E.D. Va. Lead Case No. 15-32450) in
Richmond, Virginia, on May 12, 2015.  The cases are assigned to
Judge Keith L. Phillips.

Patriot Coal estimated more than $1 billion in assets and debt.

The Debtors tapped Kirkland & Ellis LLP as counsel; Kutak Rock
L.L.P., as co-counsel; Centerview Partners LLC as investment
bankers; Alvarez & Marsal North America, LLC, as restructuring
advisors; and Prime Clerk LLC, as claims and administrative agent.

The U.S. trustee overseeing the Chapter 11 case of Patriot Coal
Corp. appointed seven creditors of the company to serve on the
official committee of unsecured creditors.  The Committee is
represented by Morrison & Foerster LLP as its counsel, and
Tavenner & Beran, PLC, as its local counsel.  Jefferies LLC
serves as its investment banker.


PEABODY ENERGY: Mangrove Partners Wants Official Equity Committee
-----------------------------------------------------------------
The Mangrove Partners Master Fund, Ltd., asks the Bankruptcy Court
to direct the appointment of an official committee of equity
security holders in the chapter 11 cases of Peabody Energy
Corporation and its affiliates.

Mangrove disclosed in a filing with the Securities and Exchange
Commission that it may be deemed to beneficially own 971,058 shares
or roughly 5.2% of the common stock of Peabody.

Mangrove says that, in light of the substantial rebound of the coal
industry since the filing of the Chapter 11 cases, holders of the
Shares will see meaningful recoveries in connection with a
reorganization of the Debtors if metallurgical and thermal coal
prices stabilize at or around $145/ton and $77/ton or higher
respectively -- prices that are well below both historical averages
and current prices.  

The Master Fund and other holders of Shares have not been invited
to participate in discussions regarding the plan of reorganization
being developed by the Debtors and issues of valuation, and have
not been privy to the same information as creditors, despite having
requested that the Debtors provide access to that information.  

Mangrove believes that it is critical that the holders of the
Shares be given a fair opportunity to demonstrate that they are
entitled to recover on their investments and that without an Equity
Committee the Company's shareholders will have no means to preserve
and realize the value they believe exists in the Debtors.

By order of the Bankruptcy Court, certain acquisitions and
dispositions of Shares are subject to limitations, including the
giving of at least 28 days' notice to the Bankruptcy Court and the
Debtors, in order to preserve the Debtors' ability to utilize their
net operating losses.  Further acquisitions or dispositions of
Shares by Mangrove are subject to such notice requirement and to
not being objected to by the Debtors and disapproved by the
Bankruptcy Court.

Mangrove says it does not seek appointment of an Equity Committee
indefinitely, but solely for this stage of these cases so that it
can be determined whether there is value to its holdings.  Under
these circumstances -- where there is substantial evidence of value
to the Peabody equity, and where the Debtors and creditors who
stand to gain at the expense of equity have shut the equity holders
out of plan negotiations -- meaningful consideration of whether
there is value to Peabody equity can only be achieved by
appointment of an Equity Committee.

Mangrove is represented by:

     Scott Greenberg, Esq.
     Kyle P. Lane, Esq.
     SANDBERG PHOENIX & VON GONTARD P.C.
     600 Washington Avenue - 15th Floor
     St. Louis, MO 63101-1313
     Tel: (314) 231-3332
     Fax: (314) 241-7604
     E-mail: sgreenberg@sandbergphoenix.com
             klane@sandbergphoenix.com

          - and -

     Rachel C. Strickland, Esq.
     Joseph T. Baio, Esq.
     Benjamin P. McCallen, Esq.
     WILLKIE FARR & GALLAGHER LLP
     787 Seventh Avenue
     New York, New York  10019
     Tel: (212) 728-8000

                About Peabody Energy Corporation

Headquartered in St. Louis, Missouri, Peabody Energy Corporation
claims to be the world's largest private-sector coal company.  As
of Dec. 31, 2014, the Company owned interests in 26 active coal
mining operations located in the United States (U.S.) and
Australia.  The Company has a majority interest in 25 of those
mining operations and a 50% equity interest in the Middlemount
Mine
in Australia.  In addition to its mining operations, the Company
markets and brokers coal from other coal producers, both as
principal and agent, and trade coal and freight-related contracts
through trading and business offices in Australia, China, Germany,
India, Indonesia, Singapore, the United Kingdom and the U.S.

Peabody posted a net loss of $1.988 billion for 2015, wider from
the net loss of $777 million in 2014 and the $513 million net loss
in 2013.

At Dec. 31, 2015, the Company had total assets of $11.02 billion
against $10.1 billion in total liabilities, and stockholders'
equity of $919 million.

On April 13, 2016, Peabody Energy Corp. and 153 affiliates filed
voluntary petitions for relief under Chapter 11 of the United
States Bankruptcy Code.  The 154 cases are pending joint
administration before the Honorable Judge Barry S. Schermer under
(Bankr. E.D. Mo. Case No. 16-42529).

As of the Petition Date, PEC has approximately $4.3 billion in
outstanding secured debt obligations and $4.5 billion in
outstanding unsecured debt obligations.

The Debtors tapped Jones Day as general counsel; Armstrong,
Teasdale LLP as local counsel; Lazard Freres & Co. LLC and
investment banker Lazard PTY Limited as investment banker; FTI
Consulting, Inc., as financial advisors; and Kurtzman Carson
Consultants, LLC, as claims, ballot and noticing agent.

The Office of the U.S. Trustee on April 29, 2016, appointed seven
creditors of Peabody Energy Corp. to serve on the official
committee of unsecured creditors.  The Committee retained Morrison
& Foerster LLP as counsel, Spencer Fane LLP as local counsel,
Curtis, Mallet-Prevost, Colt & Mosle LLP as conflicts counsel,
Blackacre LLC as its independent expert, and Berkeley Research
Group, LLC, as financial advisor.


PEBBLE TECHNOLOGY: Fitbit Buys Software Assets
----------------------------------------------
Mark Gurman and Olivia Zaleski at Bloomberg News report that Fitbit
Inc., the fitness band maker, has acquired software assets from
struggling smartwatch startup Pebble Technology Corp., a move that
will help it better compete with Apple Inc.

The purchase excludes Pebble's hardware, Fitbit said in a statement
on Dec. 7, 2016.  The deal is mainly about hiring the startup's
software engineers and testers, and getting intellectual property
such as the Pebble watch's operating system, watch apps, and cloud
services, people familiar with the matter said earlier, Bloomberg
relates.

While Fitbit didn't disclose terms of the acquisition, the price is
less than $40 million, and Pebble's debt and other obligations
exceed that, two of the people said, according to Bloomberg. Fitbit
is not taking on the debt, one of the people told Bloomberg.  The
rest of Pebble's assets, including product inventory and server
equipment, will be sold off separately, some of the people said.

"With basic wearables getting smarter and smartwatches adding
health and fitness capabilities, we see an opportunity to build on
our strengths and extend our leadership position in the wearables
category," Bloomberg quotes James Park, chief executive officer and
co-founder of Fitbit, as saying.

Bloomberg notes that the Pebble fire sale is the result of
financial struggles in a smartwatch market that failed to grow as
quickly or as large as initially hoped and hyped. Industry
shipments slumped 52% in the third quarter, Bloomberg discloses
citing research firm IDC. Pebble cut a quarter of its staff earlier
this year, Bloomberg adds.

Fitbit has had its own struggles, with its stock slumping 34% on
Nov. 3 after the company cut a holiday sales forecast, Bloomberg
recalls.  After years of focusing on fitness wearables, Fitbit got
into smartwatches with the introduction of the Blaze this year.
According to Bloomberg, grabbing Pebble's software talent and other
resources, like its developer relationships, may help Fitbit better
compete with Apple's Watch. Earlier this year, Fitbit acquired
assets from payments startup Coin, which could help it add features
rivaling Apple Pay too, the report notes.

According to Bloomberg, Fitbit began sending job offers to about
40% of Pebble's employees in the last week.  Most of these are
software engineers.  Very few Pebble interface designers were
offered jobs and hardware teams were not offered positions, the
people said, Bloomberg relays.  Some staff who didn't get an offer
will be given severance packages, one of the people said.

Bloomberg says Pebble CEO Migicovsky is planning to rejoin startup
incubator Y Combinator as a partner advising early-stage companies
on hardware development, people with knowledge of the matter said.
Y Combinator's hardware head recently left, Bloomberg News reported
last month.

Pebble Technology Corp. develops and markets smartwatches.


PETROQUEST ENERGY: Michael Finch Resigns as Director
----------------------------------------------------
PetroQuest Energy, Inc., announced that Michael L. Finch has
resigned from the Board of Directors of the Company.  Mr. Finch has
served as a director and chairman of the Company's Audit Committee
since 2003 and has elected to pursue other opportunities.  The
Company said Mr. Finch's resignation was not due to any
disagreement on any matter regarding its operations, polices or
practices.

The Company is evaluating potential candidates to fill the roles of
financial expert and audit committee chairman on the Company's
Board of Directors.

"The Company is indebted to Mike for his many years of service,"
said Charles T. Goodson, Chairman and CEO.  "Mike played a critical
role in helping to form and execute the Company's strategy in
navigating through the recent commodity price downturn.  We wish
him the utmost success in his future endeavors."

                       About PetroQuest

PetroQuest Energy, Inc., is an independent energy company engaged
in the exploration, development, acquisition and production of oil
and natural gas reserves in East Texas, Oklahoma, South Louisiana
and the shallow waters of the Gulf of Mexico.  PetroQuest's common
stock trades on the New York Stock Exchange under the ticker PQ.

In its quarterly report for the period ending June 30, 2016, the
Company stated, "Our substantially decreased level of capital
spending has had and is expected to continue to have a negative
impact on our production and cash flow from operating activities.
We expect production to continue to decline throughout 2016 and
when combined with current commodity prices and our existing cost
structure, including 10% interest expense on the $280 million of
debt represented by our 2017 Notes and 2021 Notes, we believe that
we will continue to incur significant losses and negative cash flow
from operating activities for the remainder of 2016.  In addition,
$136 million of the indebtedness represented by our 2017 Notes will
mature on September 1, 2017 and would be reflected as a current
liability on our September 30, 2016 balance sheet if not refinanced
prior to the filing of our Quarterly Report on Form 10-Q for the
quarterly period ended September 30, 2016, which would raise
substantial doubt about our ability to continue as a going
concern," the Company stated in its quarterly report for the period
ended June 30, 2016.

"We are evaluating additional sources of liquidity including asset
sales, joint ventures, exchange offers and alternative financing
arrangements to replace the Credit Agreement, but there is no
assurance that these sources will provide sufficient, if any,
incremental liquidity.  We are also evaluating various options to
address the September 2017 maturity of our 2017 Notes as well as
assessing our overall capital structure.  These options include
additional public or private exchanges of 2017 Notes for new
secured debt and/or common stock, refinancing the 2017 Notes with
unsecured debt and/or common stock as well as a broader
restructuring of our 2017 and 2021 Notes.  To assist the Board of
Directors and management team in evaluating these options, we have
retained Jefferies LLC and Seaport Global as our financial advisors
and Porter Hedges LLP as our legal advisor.  There is no assurance
that any refinancing or debt or equity restructuring will be
possible or that additional equity or debt financing can be
obtained on acceptable terms, if at all.  If we are unable to
improve our liquidity position, and refinance or restructure our
debt, we may seek bankruptcy protection to continue our efforts to
restructure our business and capital structure.  As a part of that
process, we may have to liquidate our assets and may receive less
than the value at which those assets are carried on our
consolidated financial statements."

As of Sept. 30, 2016, Petroquest had $174.4 million in total
assets, $411.2 million in total liabilities and a total
stockholders' deficit of $236.8 million.

                       *     *     *

PetroQuest Energy carries a 'Caa3' corporate family rating from
Moody's Investors Service.

In October 2016, S&P Global Ratings raised the corporate credit
rating on PetroQuest Energy Inc. to 'CCC' from 'SD'.  "The upgrade
reflects our reassessment of the company's corporate credit rating
following the exchange of the majority of its outstanding 10%
senior unsecured notes due September 2017 at par," said S&P Global
Ratings credit analyst Daniel Krauss.  The negative outlook
reflects the company's current debt leverage levels, which S&P
views to be unsustainable, as well as its less than adequate
liquidity position.


PIONEER ENERGY: Closes Public Offering of Common Stock
------------------------------------------------------
Pioneer Energy Services Corp. announced the closing of its
underwritten public offering of 12,075,000 shares of common stock
at a public offering price of $5.75 per share.  The 12,075,000
shares included 1,575,000 shares of common stock sold to the
underwriters pursuant to the full exercise of the underwriters'
option to purchase additional shares.

Net proceeds received by the Company from the offering were
approximately $65.4 million after deducting underwriting discounts
and estimated offering expenses payable by the Company.  The
Company intends to use the net proceeds of the offering to repay
indebtedness outstanding under its senior secured revolving credit
facility.

Goldman, Sachs & Co. and Jefferies LLC acted as book-running
managers for the offering.

                     About Pioneer Energy

Pioneer Energy Services Corp. provides land-based drilling services
and production services to a diverse group of independent and large
oil and gas exploration and production companies in the United
States and internationally in Colombia.  The Company also provides
two of its services (coiled tubing and wireline services) offshore
in the Gulf of Mexico.

Pioneer Energy reported a net loss of $155 million in 2015
following a net loss of $38 million in 2014.  As of Sept. 30, 2016,
Pioneer Energy had $723.0 million in total assets, $471.7 million
in total liabilities and $251.1 million in total shareholders'
equity.

                           *    *    *

As reported by the TCR on March 7, 2016, Moody's Investors Service,
on March 3, 2016, downgraded Pioneer Energy's Corporate Family
Rating (CFR) to 'Caa3' from 'B2', Probability of Default Rating
(PDR) to 'Caa3-PD' from 'B2-PD', and senior unsecured notes to 'Ca'
from 'B3'.

"The rating downgrades were driven by the material deterioration in
Pioneer Energy's credit metrics through 2015 and our expectation of
continued deterioration through 2016.  The demand outlook for
drilling and oilfield services is extremely weak, as witnessed by
the steep and continued drop in the US rig count" said Sreedhar
Kona, Moody's Vice President.  "The negative outlook reflects the
deteriorating fundamentals of the services sector and the
likelihood of covenant breaches."

Pioneer Energy carries a "B+" corporate credit rating from Standard
& Poor's Ratings.


PONCE TACO: Hires Jose R. Fuentes as Attorney
---------------------------------------------
Ponce Taco Maker Corp., seeks authorization from the U.S.
Bankruptcy Court for the District of Puerto Rico to employ Jose R.
Fuentes, Esq., as attorney.

The Debtor requires Jose R. Fuentes, Esq. to:

      a. advise the Debtor with respect to its duties, powers and
responsibilities in this case under the laws of the United States
and Puerto Rico in which the Debtor in Possession conducts its
operations, does business, or is involved in litigation.

      b. advise the Debtor in connection with a determination
whether a reorganization is feasible and, if not, helping debtor in
the orderly liquidation of its assets.

      c. assist the Debtor with respect to negotiations with
creditors for the purpose of arranging the orderly liquidation of
assets and/or for proposing a viable plan of reorganization.

      d. prepare on behalf of the Debtor the necessary complaints,
answers, orders, reports, memoranda of law and/or any other legal
papers or documents.

      e. appear before the Bankruptcy Court, or any court in which
Debtor asserts a claim interest or defense directly or indirectly
related to this bankruptcy case.

      f. perform such other legal services for Debtor as may be
required in these proceedings or in connection with the operation
of/and involvement with Debtor's business, including but not
limited to notarial services.

      g. employ other professional services, if necessary.

The Debtor will compensate Jose R. Fuentes, Esq. at $175.00 per
hour plus any costs and expenses.

The Debtor has agreed to pay Jose R. Fuentes, Esq. a retainer of
$2,000.

Jose R. Fuentes Calderon, Esq., assured the Court that he 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 estates.

Jose R. Fuentes, Esq. may be reached at:

      Jose R. Fuentes, Esq.
      PO Box 2419
      Isabela, PR 00662
      Phone: 878.608.5967
      E-mail: jfuentes@fuenteslawpr.com

                         About Ponce Taco

Ponce Taco Maker, Corp., filed a Chapter 11 petition (Bankr. D.P.R.
Case No. 16-00056) on January 8, 2016, and is represented by Jesus
Santiago Malavet, Esq., at Santiago Malavet and Santiago Law
Office.



RACKSPACE HOSTING: Fitch Assigns 'BB-' LT Issuer Default Rating
---------------------------------------------------------------
Fitch Ratings has assigned a 'BB+/RR1' rating to Rackspace Hosting
Inc.'s repriced senior secured term loan B. Rackspace's 'BB-'
Long-Term Issuer Default Rating (IDR) Outlook remains Positive.
Fitch's actions affect $3.5 billion of debt, including a $225
million secured revolving credit facility (RCF).

Rackspace is repricing its term loan B shortly after having been
acquired by private equity firm, Apollo Global Management LLC
(Apollo). Apollo funded $3.2 billion of the $4.4 billion
transaction price with debt, including $2 billion of senior secured
seven-year term loan B at Libor+400. No changes are being made to
the documentation other than reducing the pricing.

KEY RATING DRIVERS

Secular Tailwinds: Fitch expects solid growth across Rackspace's
markets, driven by increased outsourcing, growth in workloads
across platforms, and customer adoption of hybrid cloud
environments. Fitch expects that outsourcing of information
technology (IT), which is in relatively early stages, will continue
over the longer term, driven by pressured IT budgets and increasing
complexity around hybrid cloud environments. Workload growth across
cloud platforms and integration of legacy systems should support
solid hybrid cloud adoption.

Strengthening Free Cash Flow (FCF) Profile: Fitch expects
Rackspace's FCF profile will strengthen further as it shifts
investments to managed cloud services from building out its public
cloud, which meaningfully reduces capital intensity. Building out
Rackspace's public cloud has driven significant historical capital
expenditures and Fitch expects this capital will be reinvested in
managed cloud services or made available for debt reduction. As a
result, capital spending as a percentage of revenue should decline
closer to 15% versus 20%-25% historically. Fitch projects more than
$250 million of annual FCF through the forecast period.

Elevated Leverage: Fitch estimates total leverage (total debt to
operating EBITDA) was is more than 4x, given $3.2 billion of deal
related debt and a Fitch forecast of approximately $775 million of
operating EBITDA (excluding identified cost synergies) for 2016.
However, the Positive Outlook reflects our expectations that
Rackspace will use FCF for debt reduction which, along with
profitability growth, will result in deleveraging to below 3.5x
over 12-18 months.

Pivot From Public Cloud: Fitch expects Rackspace's public cloud
business will be pressured over the longer term as incremental
workloads increasingly migrate to meaningfully larger Amazon Web
Services (AWS) and Microsoft (Azure). As a result, Fitch expects
low single-digit revenue declines through the intermediate term for
the public cloud business. Significant capital spending mainly by
AWS but also Azure and subsequent aggressive price cuts have left
Rackspace's public cloud less competitive for new workloads,
despite higher service levels. Fitch does not anticipate
significant customer churn for existing workloads, although
Rackspace will focus on leveraging existing customer relationships
and providing services for incremental workloads on AWS or Azure.

Managed Cloud Service Growth: Fitch expects robust revenue growth
in managed cloud services from increasing complexity associated
with hybrid cloud environments. Fitch believes customers will
increasingly embrace third-party service providers to architect,
secure and operate optimized dedicated hosting and public and
private cloud environments. Fitch believes Rackspace is uniquely
positioned within managed cloud services, given leadership
positions in dedicated hosting (#1) and public cloud (top 4),
domain expertise from a broad set of long-term tenants and scale
which enables investments in accreditations with AWS and Azure, and
its support strategy. Fitch believes revenue contributions from
managed cloud services remain small, given Rackspace only started
offering these services at the beginning of 2015, and expects
growth to offset declines in the public cloud business over the
intermediate term.

Potential Internalization Threat: Over the longer term, Fitch
believes AWS and Azure likely will build out service offerings to
compete with partners, including Rackspace, potentially
constraining growth or pressuring margins in managed cloud
services. Over the nearer term, AWS and Azure should remain focused
on building out highly profitable public cloud infrastructure
rather than investing in non-core higher service levels.
Additionally, AWS and Azure would be challenged to replicate
Rackspace's services, given its dedicated hosting and private cloud
domain expertise. As a result, Fitch believes AWS and Azure
expanding cloud services are more likely to accelerate partner
stratification or consolidation.

KEY ASSUMPTIONS

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

   -- Mid-single-digit revenue growth, driven by core markets,
      including dedicated hosting, continuing to grow by mid-
      single digits.

   -- Mid- to high-digit negative revenue growth in Rackspace's
      public cloud business offset by robust positive growth in
      managed cloud services business.

   -- Operating EBITDA margin should remain in the mid-30s, driven

      by lower investment intensity and productivity gains
      partially offset by a shifting sales mix to managed cloud
      services from public cloud.

   -- Capital intensity will decline to 15%-17% of revenue from
      the mid-20% through the intermediate term.

   -- Rackspace will use available FCF for debt reduction,
      resulting in total leverage below 3.5x over the next 12-18
      months.

RATING SENSITIVITIES

The ratings could be affirmed with a Stable Outlook if Fitch
expects:

   -- Total leverage will remain closer to 4x through the
      intermediate term, likely due to incremental debt issuance
      to support restricted payments or make acquisitions;

   -- Weaker than expected or more volatile revenue growth through

      the intermediate term, indicating less robust industry
      growth or adoption of Rackspace's managed cloud services,
      potentially in conjunction with greater than anticipated
      public cloud customer churn.

Positive rating actions could occur if Fitch expects:

   -- Total leverage sustained below 3x from voluntary debt
      reduction with annual FCF above $250 million;

   -- Strong adoption of Rackspace's managed cloud services
      offsetting public cloud churn and stable dedicated hosting
      and private cloud performance, resulting in mid-single-digit

      positive organic revenue growth, validating the company's
      strategy.

LIQUIDITY

Fitch believes liquidity is sufficient and supported by:

   -- Nearly $100 million of available cash at deal closing, a
      portion of which is located outside the U.S.;

   -- $225 million undrawn senior secured RCF.

Fitch's expectations for more than $250 million of annual FCF also
support liquidity.

Total debt is $3.2 billion and consists of:

   -- $2 billion of senior secured Term Loan B due Nov. 26, 2023;
      and

   -- $1.2 billion of 8.625% senior unsecured notes due Nov. 15,
      2024.

FULL LIST OF CURRENT RATINGS

Fitch currently rates Rackspace as follows:

   -- Long-Term Issuer Default 'BB-';

   -- Senior secured revolving credit facility 'BB+/RR1';

   -- Senior secured Term Loan B 'BB+/RR1';

   -- Senior unsecured notes 'BB-/RR4'.


RICEBRAN TECHNOLOGIES: Appoints Robert Smith as Director & CEO
--------------------------------------------------------------
The board of directors of Ricebran Technologies appointed Robert
Smith, PhD, 55, as a new member of the Board.  Dr. Smith is
expected to be appointed to one or more committees of the Board at
future meetings, but currently serves on no committee.  In
addition, Dr. Smith was appointed as the chief executive officer of
the Company.

As disclosed in the Company's Form 8-K filed on Sept. 1, 2016, Dr.
Smith has served as the Company's interim chief executive officer
since Aug. 27, 2016.  Prior to his time as interim chief executive
officer, Dr. Smith served as chief operating officer from June 2016
to August 2016.  Dr. Smith served as the Company's senior vice
president of operations and R&D from November 2014 to June 2016, as
senior vice president of sales and business development from
November 2013 to November 2014 and as senior vice president of
business development from March 2012 to November 2013.  Dr. Smith
brings over 20 years' experience managing research and development
and business development in the Ag-biotech industry.  He served as
director of business development at HerbalScience Group from 2007
to 2010 and worked at Affynis LLC from 2010 to 2012 as a
consultant.  Dr. Smith has also served as director of research and
developments at Global Protein Products Inc. and PhycoGen Inc., and
was project leader at Dekalb Genetics, a Monsanto Company.  Dr.
Smith was a research assistant professor at the Ag-Biotech Center
at Rutgers University and did his post-doctoral work in plant
molecular biology at the University of Missouri-Columbia.  He holds
a doctor of philosophy degree in molecular genetics and cell
biology from the University of Chicago and a bachelor of arts
degree in biology from the University of Chicago.  Dr. Smith's
appointment to the Board fills the vacancy created by the
resignation of John Short, who resigned from the Board effective
Nov. 29, 2016.

Dr. Smith's annual salary increased from $200,000 to $250,000.

                        About RiceBran

Scottsdale, Ariz.-based RiceBran Technologies, a California
corporation, is a human food ingredient and animal nutrition
company focused on the procurement, bio-refining and marketing of
numerous products derived from rice bran.

RiceBran reported a net loss of $10.6 million on $39.9 million of
revenues for the year ended Dec. 31, 2015, compared to a net loss
of $26.6 million on $40.10 million of revenues for the year ended
Dec. 31, 2014.

As of Sept. 30, 2016, RiceBran had $31.22 million in total assets,
$31.86 million in total liabilities, $551,000 in total temporary
equity and a total deficit of $1.19 million.

The Company's auditors Marcum LLP, in New York, NY, 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 resulting in an accumulated
deficit of $251 million at December 31, 2015.  This factor among
other things, raises substantial doubt about its ability to
continue as a going concern.


ROBISON TIRE: Exclusive Plan Filing Deadline Extended Thru Jan. 9
-----------------------------------------------------------------
Judge Katharine M. Samson of the U.S. Bankruptcy Court for the
Southern District of Mississippi extended the deadline for Robison
Tire Company Inc. to file a disclosure statement and plan of
reorganization until January 9, 2017.

The Troubled Company Reporter had earlier reported that the Debtor
requested the Court to extend its exclusivity period since it
cannot complete its plan of reorganization because it still need to
determine which classes are impaired under the plan based on the
funds available for distribution, pending completion of the sale.
The Debtor is still conducting sales of its assets in order to
effectuate a plan.

                         About Robison Tire

Since the early 1970's, Robison Tire Co., Inc., has been an
authorized wholesaler and retailer of a number of the brands,
including Armour, Bridgestone, Goodyear, Hankook, Hercules and
Toyo.

Robison Tire Co., Inc. sought the Chapter 11 protection (Bankr.
S.D. Miss. Case No. 16-51183) on July 14, 2016.  The petition was
signed by Michael Windham, president.  Judge Katharine M. Samson is
assigned to the case.  The Debtor estimated assets in the range of
$500,000 to $1 million and $1 million to $10 million in debt.

Jarrett Little, Esq. at Lentz & Little, PA serves as the Debtor's
counsel.  The Debtor employs Taylor Auction & Realty, Inc. as
auctioneer and appraiser; and Molloy-Seidenburg & Co., P.A. as
accountant.

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


ROCK INVESTMENT: Taps Keating Wagner as Appeals Counsel
-------------------------------------------------------
The Rock Investment Group, Inc. seeks authorization from the U.S.
Bankruptcy Court for the District of Colorado to employ Keating,
Wagner, Polidori, Free, P.C. ("Appellate Counsel") as special
counsel.

Pre-petition the Debtor was engaged in litigation against Noble
Energy, Inc. in the District Court for the City and County of
Denver, Case No. 2014CV034182.  The State Court entered an Order
against the Debtor in favor of Noble on January 20, 2016. On April
12, 2016, the Debtor appealed the judgment to the Colorado Court of
Appeals, Case No. 2016CA000610. The Bankruptcy Court entered an
Order Confirming Absence of the Automatic Stay to allow the Debtor
to proceed with the Appellate Case on September 26, 2016.

The Debtor seeks to employ Keating Wagner as special counsel to
represent with respect to the Appellate Case.

Ross Pulkrabek will be the primary attorney responsible for the
Debtor's account.

Keating Wagner will be paid at these hourly rates:

       Ross Pulkrabek           $425
       Lidiana Rios             $250

Keating Wagner will also be reimbursed for reasonable out-of-pocket
expenses incurred.

Appellate Counsel agreed to limit its fees incurred in connection
with the Appellate Case to $50,000. Appellate Counse has been paid
a retainer in the amount of $30,000 by Robert Angerer, the chairman
of the board and president of the Debtor.

The Debtor will also pay Keating Wagner a success fee in the amount
of 5% of any gross recovery the Debtor receives from its litigation
against Noble, whether during the course of the Appellate Case, or
in subsequent litigation against Noble.

Ross Pulkrabek, shareholder of Keating Wagner, 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.

Keating Wagner can be reached at:

       Ross Pulkrabek, Esq.
       KEATING, WAGNER, POLIDORI, FREE, P.C.
       1290 Broadway, Suite 600
       Denver, CO 80203
       Tel: (303) 534-0401
       Fax: (303) 534-8333

                  About Rock Investment Group

The Rock Investment Group, Inc. sought protection under Chapter 11
of the Bankruptcy Code (Bankr. D. Col. Case No. 16-18110) on August
17, 2016.  The petition was signed by Robert Angerer, president.  

The case is assigned to Judge Thomas B. McNamara.

At the time of the filing, the Debtor disclosed $11.59 million in
assets and $2.91 million in liabilities.


S & R PISHVA: U.S. Trustee Unable to Appoint Committee
------------------------------------------------------
The Office of the U.S. Trustee on Dec. 12 disclosed in a court
filing that no official committee of unsecured creditors has been
appointed in the Chapter 11 case of S&R Pishva Investments LLC.

S&R Pishva Investments LLC, filed a Chapter 11 bankruptcy petition
(Bankr. D. Md. Case No. 16-25126) on Nov. 15, 2016. The petition
was signed by Mohammad Reza Pishva Lakani, managing member. The
Debtor is represented by Timothy J. Sessing, Esq., at Adams Morris
& Sessing. The Debtor estimated assets at $500,001 to $1 million
and liabilities at $100,001 to $500,000 at the time of the filing.


SAAD INC: Hires Vineyard Engineering as Professional
----------------------------------------------------
Saad, Inc. filed an expedited application to the U.S. Bankruptcy
Court for the District of Massachusetts to employ Vineyard
Engineering & Environmental Services, Inc. for the purposes of
compliance assistance and subsurface investigation.

The Debtor requires Vineyard Engineering to provide:

   (a) compliance assistance;

   (b) subsurface investigation;

   (c) installing soil borings; and

   (d) groundwater sampling and surveys.

Vineyard Engineering received a retainer from the Debtor in the
amount of $3,000 on October 19, 2016, $3,000 on November 7, 2016
and $3,000 on November 15, 2016.

Vineyard Engineering will be reimbursed for reasonable
out-of-pocket expenses incurred.

Steven T. Fleming, president of Vineyard Engineering, 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.
Exception is that the firm is owed $7,872.50 for work performed
pre-petition.

Vineyard Engineering can be reached at:

       Steven T. Fleming
       VINEYARD ENGINEERING &
       ENVIRONMENTAL SERVICES, INC.
       400 West Cummings Park, Suite 4800
       Woburn, MA 01801
       Tel: (781) 933-3330

                        About Saad, Inc.

Saad, Inc., owns and operates a gas station located at 899 Belmont
Street, Brockton, Massachusetts.

Saad, Inc. filed a chapter 11 petition (Bankr. D. Mass. Case No.
16-13691) on Sept. 27, 2016.  The petition was signed by Yacoub G.
Saad, president.  The Debtor is represented by Norman Novinsky,
Esq., at Novinsky & Associates.  The case is assigned to Judge Joan
N. Feeney.  The Debtor disclosed total assets at $1.26 million and
total liabilities at $734,638.

The Debtor continues to operate as a debtor-in-possession pursuant
to Sections 1107 and 1108 of the Bankruptcy Code.  No official
committee of creditors has been appointed in the case.


SAMWIN LLC: MC Buying Liquid CO2 Extraction Equipment for $300K
---------------------------------------------------------------
Samwin, LLC, asks the U.S. Bankruptcy Court for the District of New
Jersey to authorize the private sale of liquid CO2 extraction
equipment to MC Finance and Management, LLC acting for Southern
Humboldt Distribution, LLC, for $300,000.

A hearing on the Motion is set for Jan. 5, 2017 at 10:00 a.m.  The
objection deadline is Dec. 29, 2016.

The Debtor is the owner of a liquid CO2 extraction equipment
manufactured for the debtor by Allied Separations.  There are no
security interests, liens or encumbrances on said equipment.

The Debtor has filed a Plan of Liquidation to fund payment pursuant
to the Plan of the obligations due to creditors of the Debtor.  In
order to fund said Plan, the Debtor needs to sell the equipment
manufactured for it by Allied Separations.

The Debtor has obtained an offer to purchase said equipment from
the Purchaser for $300,000 less repayment of up to $100,000 to be
advanced by the Purchaser for the purpose of refurbishing,
upgrading and installing said equipment, and less $25,00 previously
lent by the Purchaser to the Debtor as a postpetition
administrative loan, which was approved by the Bankruptcy Court
pursuant to Order of the Court dated May 26, 2016.

The material terms of the sale proposed are:

    a. Closing and Other Deadlines: The sale contemplates that the
refurbishing, upgrading and installation of said CO2 extraction
equipment can be completed by March 31, 2017.

    b. Assumption and Assignment of Contract and Leases. None

    c. Credit Bid: None

    d. Broker Fee: None

    e. Use of Proceeds: The Sale proceeds will be used to fund the
Debtor's Plan of Liquidation if confirmed by the Court.

    f. Sale Free and Clear of Unexpired Leases: None

    g. Relief from Bankruptcy Rule 6004(h): Yes

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

              http://bankrupt.com/misc/Samwin_LLC_87_Sales.pdf

In order to maximize the value of the Debtor's liquid CO2
extraction equipment and achieve the highest and best offer, the
Debtor asks that the Court waive the 14-day stay period under
Bankruptcy Rule 6004(h).

                            About Samwin

Samwin, LLC, sought Chapter 11 protection (Bankr. D.N.J. Case No.
16-12420) on Feb. 10, 2016.  The petition was signed by Andrew
Samson, managing member.  The Debtor estimated assets in the range
of $0 to $50,000 and 50,001 to $100,000 in debt.  The Debtor tapped
David A. Kasen, Esq., at Kasen & Kasen as counsel.



SEANIEMAC INTERNATIONAL: Files Series E Certificate of Designation
------------------------------------------------------------------
SeanieMac International, Ltd., filed a certificate of designation,
preferences and rights of Series E Senior Convertible Voting
Non-Redeemable Preferred Stock with the Secretary of State of the
State of Nevada to designate 1,000,000 shares of its previously
authorized preferred stock as Series E Senior Convertible Voting
Non-Redeemable Preferred Stock.  The Certificate of Designation and
its filing was approved by the Company's board of directors on Dec.
7, 2016, following approval by the holders of the Company's Series
A Preferred Stock, Series B Preferred Stock, Series C Preferred
Stock and Series D Preferred Stock, as provided for in the
Company's articles of incorporation and under Nevada law.

The holders of shares of Series E preferred stock are not entitled
to dividends or distributions.  The holders of shares of Series E
preferred stock have the following voting rights:

   * All of the shares of Series E preferred stock outstanding at
     any time are, collectively, entitled to cast a number of
     votes on each and every matter submitted to a vote of the
     stockholders of the Company equal to 102% of the total number
     of votes entitled to be cast by all of the other shares of
     stock and pursuant to any other agreement of the Company,
     with the total number of votes to be apportioned pro rata
     between the shares of Series E preferred stock then
     outstanding.
       
   * Except as otherwise provided in the Certificate of
     Designation, the holders of Series E preferred stock, the
     holders of Company common stock and the holders of shares of
     any other Company capital stock having general voting rights
     and shall vote together as one class on all matters submitted

     to a vote of the Company's stockholders.

On Dec. 6, 2016, the holders of a majority of each of the Company's
Series A preferred stock, Series B preferred stock, Series C
preferred stock and Series D preferred stock provided their written
consent to the creation of the Series E, via written consents in an
action without a meeting.

                      About Seaniemac

Based in Huntington, N.Y., Seaniemac International, Ltd. is engaged
in maintaining a Website for online gambling, including sports
betting and casino gaming in Ireland under the brand name,
Seaniemac.com.  The Company utilizes a third-party white-label
online gaming Website provider to develop and operate its branded
Website, apollobet.com (apollobet.com), operations, sports book
trading, Website hosting, payment solutions, security and first
line support of gaming related questions.

Seaniemac reported a net loss of $3.73 million for the year ended
Dec. 31, 2015, following a net loss of $2.85 million for the year
ended Dec. 31, 2014.  As of Sept. 30, 2016, Seaniemac had $1.70
million in total assets, $11.96 million in total liabilities, all
current, and a total deficit of $10.25 million.

RBSM LLP, in New York, issued a "going concern" qualification on
the consolidated financial statements for the year ended Dec. 31,
2015, citing that Company has suffered recurring losses from
operations and has an accumulated deficit and working capital
deficit as of Dec. 31, 2015, which raises substantial doubt about
its ability to continue as a going concern.


SERGIO JIMENEZ: Unsecureds To Be Paid $10,000 Over 5 Yrs.
---------------------------------------------------------
Sergio Jimenez and Flores De Jimenez L. Maria filed with the U.S.
Bankruptcy Court for the District of Nevada a disclosure statement
referring to the Debtor's plan of reorganization.

Holders of Class Two General Unsecured Claims will be paid their
pro rata share of $10,000 over the five-year period starting on the
date that the first payment is due under the Plan.  This class is
impaired under the Plan.

The Debtor's income is generated from employment and from rental
income received from the Debtor's investment property.  The Debtor
has been able to improve cash reserves since filing for bankruptcy
and also retain income which can be used to fund the Plan.  The
Debtor intends by way of the Plan to allocate available disposable
monthly income to repay creditors in accordance of the Plan.

The Disclosure Statement is available at:

            http://bankrupt.com/misc/nvb16-11845-71.pdf

The Plan was filed by the Debtor's counsel:

     Michael J. Harker, Esq.
     THE LAW OFFICES OF MICHAEL J. HARKER
     2901 El Camino Avenue No. 200
     Las Vegas, NV 89102
     Tel: (702) 248-3000
     Fax: (702) 425-7290
     E-mail: mharker@harkerlawfirm.com

Sergio Jimenez and Flores De Jimenez L. Maria are a married couple.
Mr. Jimenez is currently employed at Vegas Paving Inc as a labor
worker and had been there for about 1-1/2 years when the petition
was filed.  Mrs. Jimenez is a kitchen worker at the Bellagio Hotel
& Casino and has worked there for about 11 years.  The Debtors also
have an investment property located at 6496 Heatherton Avenue, Las
Vegas, Nevada 89110.  The property is rented and also generates
income for the Debtors.

The Debtors filed for Chapter 11 bankruptcy protection (Bankr. D.
Nev. Case No. 16-11845) on April 6, 2016.  Michael J. Harker, Esq.,
serves as the Debtor's bankruptcy counsel.


SFX ENTERTAINMENT: Cancels Registration of Old Shares
-----------------------------------------------------
SFX Entertainment, Inc., filed with the Securities and Exchange
Commission a Form 15 to cancel the registration of its Common
Stock, par value $0.001 per share.

The Company also filed with the Commission a Post-Effective
Amendment To Form S-8 to deregister unsold securities under the SFX
Entertainment, Inc. 2013 Equity Compensation Plan.

On November 15, 2016, the Bankruptcy Court for the District of
Delaware entered an order confirming the Fifth Amended Joint Plan
of Reorganization of SFX Entertainment, Inc., et al.  The Plan was
declared effective on December 2, and all previously issued equity
securities of SFX were cancelled and extinguished.

SFX issued new shares of Common Stock, with a par value of $0.01
per share, pursuant to the Plan.

On the Effective Date, by operation of the Plan, all incumbent
board members ceased to serve as directors of the Company: Messrs.
Robert F.X. Sillerman, Mitchell Slater, Frank E. Barnes III, Andrew
N. Bazos, Timothy H. Bishop, Pasquale Manocchia, Michael Meyer and
John Miller.

On the Effective Date, by operation of the Plan, Randy Phillips was
appointed President and Chief Executive Officer and Charles
Ciongoli was appointed Executive Vice President and Chief Financial
Officer. A new board of directors was installed as set forth in the
Plan Supplement.

As reported by the Troubled Company Reporter, the Debtors'
Valuation Analysis estimates going concern enterprise value of the
Reorganized Debtors, would be in a range between $115 million and
$160 million, and the mid-point of this range is $137.5 million.
The Debtors estimate that common equity is 'out of the money' by
over $460 million and up to $500 million."  

                    About SFX Entertainment

SFX Entertainment, Inc., and 43 of its affiliates, a global
producer of live events and digital entertainment content focused
exclusively on the electronic music culture and other world-class
festivals, filed Chapter 11 bankruptcy petitions (Bankr. D. Del.
Case Nos. 16-10238 to 16-10281) on Feb. 1, 2016.  The petitions
were signed by Michael Katzenstein as chief restructuring officer.

The Debtors disclosed total assets of $662 million and total debt
of $490 million.

Judge Mary F. Walrath is assigned to the case.

Greenberg Traurig, LLP serves as the Debtors' counsel.  Kurtzman
Carson Consultants LLC acts as the Debtors' claims and noticing
agent.  The Debtor hired FTI Consulting Inc. to provide crisis and
turnaround management services.

An Official Committee of Unsecured Creditors has retained
Pachulski Stang Ziehl & Jones LLP as counsel, and Conway
Mackenzie, Inc., as financial advisor.


SIGNAL BAY: Reports $345,000 Revenues for November
--------------------------------------------------
Signal Bay, Inc., announced that the company achieved record sales
growth for the second month in a row.  The November 2016 revenues
exceeded the record setting cash flow announced last month by over
50%.

CEO William Waldrop stated, "In conjunction with the new Oregon
regulatory environment and the fall cannabis harvest, we are
continuing to see increased testing revenues for our EVIO Labs
Division.  For the month of November, the company set another
record month generating over $345,000 in revenue."  These revenue
numbers are preliminary and have not yet been audited or reported
in accordance with GAAP standards.

Signal Bay operates state-of-the-art testing facilities and offers
accredited testing methodologies that ensure the safety and potency
of the nation's cannabis supply through its EVIO Labs division.  As
the legalization of medical and recreational marijuana sweeps
across the country, demand for reliable, independent cannabis
quality control testing facilities is increasing dramatically
nationwide.

Mr. Waldrop added, "The Company is continuing to acquire equipment
and expand our hub & spoke service offerings to meet the needs of
the growing Oregon Market.  The Oregon Liquor Control Commission
(OLCC) distributed a letter last week stating they are working on
over 900 pending applications for producers, processors and
dispensaries.  The Company is motivated by the recent rule changes
impacting testing requirements in Oregon.  The new Oregon Health
Authority temporary testing rules allow for smaller cultivators and
processors to now economically participate in the marketplace
whereas two months ago, the cost of testing was a barrier to
entry.

                        About Signal Bay

Signal Bay, Inc. (OTCQB: SGBY) provides advisory, management and
analytical testing services to the emerging legalized cannabis
industry.

As of June 30, 2016, Signal Bay had $2.17 million in total assets,
$2.02 million in total liabilities and $150,206 in total equity.
Signal Bay reported a net loss of $1.45 million for the year ended
Sept. 30, 2015.  From inception through Sept. 30, 2014, the Company
incurred a net loss of $53,623.

MaloneBailey, LLP, in Houston, Texas, issued a "going concern"
qualification on the consolidated financial statements for the year
ended Sept. 30, 2015, citing that the Company has negative working
capital and recurring losses from operations and likely needs
financing in order to meet its financial obligations.  These
conditions raise significant doubt about the Company's ability to
continue as a going concern.


SINCLAIR TELEVISION: Moody's Assigns Ba1 Rating on Term Loan B
--------------------------------------------------------------
Moody's Investors Service assigned a Ba1 rating to the proposed
Term Loan B of Sinclair Television Group, Inc, a subsidiary of
Sinclair Broadcast Group, Inc.  The proposed size of the issuance
is $1.37 billion with an expected maturity of 2024.  The
transaction proceeds will be used to redeem the company's
outstanding Term Loan B maturing in 2020 and 2021.  Sinclair
Broadcast Group, Inc.'s Ba3 Corporate Family Rating remains
unchanged.

A summary of the action follows:

Assignments:

Issuer: Sinclair Television Group, Inc
  NEW $1.37 billion Term Loan B: Assigned Ba1 (LGD2)

                         RATINGS RATIONALE

There is no change in the rating as the capital structure has not
materially changed as a result of the refinance.  However, Moody's
recognize the transaction is credit positive as it lowers borrowing
costs and improves the debt maturity profile of the Term Loan B
from 2020 and 2021 to 2024.  A financial maintenance indebtedness
test does not apply to this term loan.

Sinclair Broadcast Group, Inc.'s Ba3 Corporate Family Rating
reflects the company's established brand, scale and geographic US
reach.  The company broadcasts 482 channels on 173 TV stations to
44 million homes in 81 markets, and has more stations than any
other broadcaster.  These assets will generate close to
$2.8 billion in annualized revenue over our rating horizon, scale
consistent with peers in this rating category.  Sinclair's market
focus benefits from high growth political ad revenue given its
presence in 23 state capitals, 10 swing states, in addition to
operating a broadcast TV station and cable news network based in
Washington.  In addition, the company's revenue model is becoming
more balanced with a higher mix of retransmission fees which are
growing at a much faster pace than its core ad revenues.

Sinclair's rating is constrained by shareholder-friendly financial
policies that tolerate moderately high leverage.  In addition, the
company's ad-dependent revenue model is vulnerable to seasonal and
cyclical swings, strongly influenced by economic changes as well as
political ad spending during presidential elections and the timing
of major legislation passed at the state and national level, and
elections at those levels.  The ratings also reflect the growing
exposure to competitive threats and potential loss of market share
resulting from media fragmentation.  Risk is building in
retransmission fees which are drawing the attention of regulators,
competitors, and affiliates as the value and rate of growth remains
high.  Sinclair is challenged with a middle market focus with only
25 of its markets ranking in the top 50 and roughly 70% of the
company's markets ranking outside the top 50. Regardless, the
company is producing good EBITDA margins close to sector average,
at near mid 30%, normalized without the benefit of high-margin
political ad spending.

The principal methodology used in this rating was Global Broadcast
and Advertising Related Industries published in May 2012.

Sinclair, headquartered in Hunt Valley, MD, and founded in 1986, is
one of the largest U.S. television broadcasters owning, operating
or providing services to 173 stations in 81 markets.  The station
group reaches roughly 37% of U.S. television households with
diversified network affiliations across primary and digital
sub-channels including each of the major networks.  The company
also owns a Washington D.C. based local cable news network and
cable network, Tennis Channel.  Members of the Smith family
exercise control over most corporate matters given they represent
four of the eight board seats and, through Sinclair's dual class
share structure, the Smith family controls approximately 76% of
voting rights.  Reported net revenue for the 12 months ended Sept.
30, 2016 totaled over $2.6 billion.



SOUTHCROSS ENERGY: Inks Third Amendment to Wells Fargo Credit Pact
------------------------------------------------------------------
Southcross Energy Partners, L.P., entered into a limited waiver
agreement and fourth amendment to the Third Amended and Restated
Revolving Credit Agreement with Wells Fargo, N.A., UBS Securities
LLC and Barclays Bank PLC and a syndicate of lenders.  The
Amendment stipulates, among other things, that i) the deadline for
funding an equity contribution to cure the financial covenant
default under the Third A&R Revolving Credit Agreement for the
quarter ended Sept. 30, 2016, is extended from Dec. 16, 2016, to
Jan. 12, 2017, and ii) the Third A&R Revolving Credit Agreement is
amended to require that any account into which we deposit funds,
securities or commodities be subject to a lien and control
agreement for the benefit of the secured parties under the Third
A&R Revolving Credit Agreement.

               About Southcross Energy Partners

Southcross Energy Partners, L.P. --
http://www.southcrossenergy.com/-- is a master limited partnership
that provides natural gas gathering, processing, treating,
compression and transportation services and NGL fractionation and
transportation services.  It also sources, purchases, transports
and sells natural gas and NGLs.  Its assets are located in South
Texas, Mississippi and Alabama and include four gas processing
plants, two fractionation plants and approximately 3,100 miles of
pipeline.  The South Texas assets are located in or near the Eagle
Ford shale region.  Southcross is headquartered in Dallas, Texas.

Southcross Energy reported a net loss attributable to partners of
$51.4 million on $698 million of total revenues for the year ended
Dec. 31, 2015, compared to a net loss attributable to partners of
$36.7 million on $849 million of total revenues for the year ended
Dec. 31, 2014.

As of Sept. 30, 2016, Southcross Energy had $1.19 billion in total
assets, $613.11 million in total liabilities and $583.94 million in
total partners' capital.

                         *    *    *

As reported by the TCR on April 5, 2016, Standard & Poor's Ratings
Services said it lowered its corporate credit and senior secured
rating on Southcross Energy Partners L.P. to 'CCC+' from 'B-'.

The TCR reported on Jan. 13, 2016, that Moody's Investors Service
downgraded Southcross Energy's Corporate Family Rating to 'Caa1'
from 'B2'.  "Southcross' Caa1 CFR reflects its high financial
leverage, limited scale, concentration in the Eagle Ford Shale and
our expectation of continued high leverage and challenging industry
conditions into 2017," according to the report.


STONE ENERGY: Amends RSA to Extend Deadline to File Ch. 11 Cases
----------------------------------------------------------------
Stone Energy Corporation and certain of its subsidiaries announced
extensions to a restructuring support agreement, a purchase and
sale agreement and a credit agreement.

On Oct. 20, 2016, Stone and certain of its subsidiaries entered
into a restructuring support agreement, as amended on Nov. 4, 2016,
Nov. 9, 2016, and Nov. 15, 2016, with certain (i) holders of the
Company's 1 3⁄4% Senior Convertible Notes due 2017 and (ii)
holders of the Company's 7 1⁄2% Senior Notes due 2022, to support
a restructuring on the terms of a pre-packaged plan of
reorganization as described therein.  On Dec. 9, 2016, the Company
and the Noteholders entered into a fourth amendment to the RSA
pursuant to which the requirement to commence the Chapter 11 cases
will be extended from Dec. 9, 2016, to Dec. 13, 2016.

On Oct. 20, 2016, the Company entered into a purchase and sale
agreement with TH Exploration III, LLC, an affiliate of Tug Hill,
Inc.  Pursuant to the terms of the PSA, Stone agreed to sell
approximately 86,000 net acres in the Appalachia regions of
Pennsylvania and West Virginia to Tug Hill for $360 million in
cash, subject to customary purchase price adjustments.  On Dec. 9,
2016, Tug Hill and Stone entered into a first amendment to the PSA
pursuant to which the requirement to commence the Chapter 11 cases
will be extended from Dec. 9, 2016, to Dec. 14, 2016.

On Dec. 9, 2016, Stone entered into Amendment No. 4 to the Fourth
Amended and Restated Credit Agreement dated as of June 24, 2014,
among Stone, certain of Stone's subsidiaries, as guarantors, and
the financial institutions party thereto.  The Fourth Credit
Agreement Amendment amends the Credit Agreement to modify the
anti-hoarding cash provisions therein, which become effective as of
Dec. 10, 2016.

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

                     https://is.gd/0OtjC3

                      About Stone Energy

Stone Energy is an independent oil and natural gas exploration and
production company headquartered in Lafayette, Louisiana with
additional offices in New Orleans, Houston and Morgantown, West
Virginia.  Stone is engaged in the acquisition, exploration,
development and production of properties in the Gulf of Mexico and
Appalachian basins.  

As of Sept. 30, 2016, Stone Energy had $1.23 billion in total
assets, $1.75 billion in total liabilities and a total
stockholders' deficit of $519.66 million.

Stone Energy reported a net loss of $1.09 billion in 2015 following
a net loss of $189.5 million in 2014.

Ernst & Young LLP, in New Orleans, Louisiana, issued a "going
concern" qualification on the consolidated financial statements for
the year ended Dec. 31, 2015, citing that the Company could exceed
the Consolidated Funded Debt to consolidated EBITDA financial ratio
covenant set forth in its bank credit facility at the end of the
first quarter of 2016, which would require the Company to seek a
waiver or amendment from its bank lenders.  These conditions raise
substantial doubt about the Company's ability to continue as a
going concern.

                        *     *     *

As reported by the TCR on Nov. 18, 2016, S&P Global Ratings lowered
its corporate credit rating on Stone Energy to 'D' from 'CC'.  "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.


STONE ENERGY: Files for Chapter 11 With Prepack Plan
----------------------------------------------------
Stone Energy Corporation, and its domestic subsidiaries (together
with the Company, the "Debtors"), on Dec. 14, 2016, disclosed that
they had filed voluntary petitions under chapter 11 of title 11 of
the United States Code (the "Bankruptcy Code") in the United States
Bankruptcy Court for the Southern District of Texas (the
"Bankruptcy Court") to pursue a pre-packaged plan of reorganization
(as amended, the "Plan") in accordance with its previously
announced comprehensive balance sheet restructuring efforts.

As previously disclosed, on November 17, 2016, the Debtors
commenced a solicitation to seek acceptance by a majority of those
voting in each voting class of claims of the Company's creditors
under the Plan, including (a) the lenders (the "Banks") under the
Fourth Amended and Restated Credit Agreement, dated as of June 24,
2014, as amended, modified, or otherwise supplemented from time to
time (the "Credit Agreement") among Stone as borrower, Bank of
America, N.A. as administrative agent and issuing bank, and the
financial institutions named therein, and (b) the holders of the
Company's 1 3/4% Senior Convertible Notes due 2017 (the
"Convertible Notes") and the Company's 7 1/2% Senior Notes due 2022
(the "2022 Notes" and, together with the Convertible Notes, the
"Notes" and the holders thereof, the "Noteholders").  Stone expects
the solicitation period to end on December 16, 2016.  Copies of the
Plan, then in effect, and the disclosure statement related to the
solicitation were furnished as Exhibit 99.1 to Stone's Current
Report on Form 8-K filed on November 18, 2016.

As previously announced, on October 20, 2016, the Debtors and
Noteholders holding approximately 85.4% of the aggregate principal
amount of Notes executed a restructuring support agreement (the
"Original RSA").  On December 14, 2016, the Debtors, the
Noteholders holding approximately 79.7% of the aggregate principal
amount of Notes and the Banks holding 100% of the aggregate
principal amount owing under the Credit Agreement entered into an
Amended and Restated Restructuring Support Agreement (the "A&R
RSA") that amends, supersedes and restates in its entirety the
Original RSA.  In connection with entry into the A&R RSA and the
commencement of the bankruptcy cases, the Debtors amended the Plan.


Pursuant to the terms of the Plan as revised to be consistent with
the terms of the A&R RSA and the term sheet annexed to the A&R RSA
(the "Term Sheet"), Noteholders, Banks and other interest holders
will receive treatment under the Plan, summarized as follows:

   -- Noteholders will receive their pro rata share of (a) $100
million of cash, (b) 96% of the common stock in reorganized Stone
and (c) $225 million of new 7.5% second lien notes due 2022.

   -- Existing common stockholders of Stone will receive their pro
rata share of 4% of the common stock in reorganized Stone and
warrants for up to 10% of the post-petition equity exercisable upon
the Company reaching certain benchmarks pursuant to the terms of
the proposed new warrants.

   -- Banks signatory to the A&R RSA will receive their respective
pro rata share of commitments and obligations under an amended
Credit Agreement on the terms set forth in Exhibit 1 to the Term
Sheet, as well as their respective share of the Company's
unrestricted cash, as of the effective date of the Plan, in excess
of $25 million, net of certain fees, payments, escrows or
distributions pursuant to the Plan and the PSA, defined below.

   -- Banks not signatory to the A&R RSA will have the option to
receive either (a) the same treatment as the Banks signatory to the
A&R RSA, or (b) their respective pro rata share of new senior
secured term loans plus collateral for their respective pro rata
share of issued but undrawn letters of credit.

   -- All claims of creditors with unsecured claims other than
claims by the Noteholders, including vendors, shall be unaltered
and will be paid in full in the ordinary course of business to the
extent such claims are undisputed.  Stone estimates that such
unsecured claims are in the range of approximately $17 million to
$27 million in the aggregate.

Each of the foregoing common equity percentages in reorganized
Stone is subject to dilution from the exercise of the new warrants
described above and a management incentive plan.

The A&R RSA contains certain covenants on the part of the Debtors
and the Noteholders and Banks who are signatories to the A&R RSA,
including that such Noteholders and Banks will vote in favor of the
Plan, support the sale of approximately 86,000 net acres in the
Appalachia regions of Pennsylvania and West Virginia (the
"Properties") to an affiliate of Tug Hill, Inc., pursuant to the
terms of that certain Purchase and Sale Agreement, dated October
20, 2016, as amended on December 9, 2016 (the "PSA"), and otherwise
facilitate the restructuring transaction, in each case subject to
certain terms and conditions in the A&R RSA.  The consummation of
the Plan will be subject to customary conditions and other
requirements, as well as the sale by Stone of the Properties for a
cash purchase price of at least $350 million and approval of the
Bankruptcy Court.  The A&R RSA also provides for termination by
each party, or by any party, upon the occurrence of certain events,
including without limitation, termination by the Noteholders or the
Banks upon the failure of the Company to achieve certain milestones
set forth in Schedule 1 to the A&R RSA.

Assuming implementation of the Plan, Stone expects to eliminate
approximately $1.2 billion in principal amount of outstanding
debt.

The foregoing descriptions of the A&R RSA and the Plan are
qualified by reference to the full text of such documents, copies
of which are attached as Exhibits 10.1 and 99.1, respectively, to
Stone's Current Report on Form 8-K filed on Dec.14.

No trustee has been appointed, and Stone and its subsidiaries will
continue to operate as "debtors in possession" under the
jurisdiction of the Bankruptcy Court and in accordance with the
applicable provisions of the Bankruptcy Code and the orders of the
Bankruptcy Court.  To assure ordinary course operations, Stone is
seeking approval from the Bankruptcy Court for a variety of "first
day" motions, including authority to maintain bank accounts and
other customary relief.

Subject to the approval of the Bankruptcy Court, the Plan is
expected to be consummated in approximately 90 days.  Stone
believes it has adequate liquidity to maintain its operations in
the ordinary course and does not intend to seek any
debtor-in-possession financing during the pendency of the
bankruptcy cases.  Stone plans, subject to approval by the
Bankruptcy Court, to continue to pay vendors, royalty owners and
other parties in the ordinary course throughout the bankruptcy
process.

Stone has been in contact with the New York Stock Exchange (the
"NYSE") and anticipates the continued listing of its common stock
on the NYSE throughout the bankruptcy process so long as the
Company continues to meet the minimum continued listing standards
set forth by the NYSE.

The information contained in this press release is for
informational purposes only and does not constitute an offer to
buy, nor a solicitation of an offer to sell, any securities of the
Company, nor does it constitute a solicitation of consent from any
persons with respect to the transactions contemplated hereby and
thereby.  While Stone expects the restructuring will take place in
accordance with the Plan, there can be no assurance that Stone will
be successful in completing a restructuring.

Concurrent with filing the bankruptcy petitions, David Lawrence's
role as Special Liaison of the Independent Directors to work
together with the management of Stone to help with assessing
restructuring alternatives came to an end.  Mr. Lawrence will
continue in his role as an independent director throughout the
reorganization process.

The Debtors filed their voluntary chapter 11 petitions and the Plan
in the U.S. Bankruptcy Court for the Southern District of Texas in
Houston. Information about the bankruptcy cases can be found at
http://dm.epiq11.com/StoneEnergyor by calling +1-888-243-5081
(toll-free in North America) or +1-503-520-4474 (outside of North
America).

Stone (NYSE: SGY) is an independent oil and natural gas exploration
and production company headquartered in Lafayette, Louisiana with
additional offices in New Orleans, Houston and Morgantown, West
Virginia.  Stone is engaged in the acquisition, exploration,
development and production of properties in the Gulf of Mexico and
Appalachian basins.


STONE OAK: Court Dismisses Ch. 11 Case
--------------------------------------
Judge Mary Ann Whipple of the United States Bankruptcy Court for
the Northern District of Ohio, Western Division granted the United
States Trustee's motion to dismiss the Chapter 11 case of Stone Oak
Investment, LLC, Debtor, Case No. 15-30316 (Bankr. N.D. Ohio).

The United States Trustee's motion was premised largely on Stone
Oak Investment, LLC's inability to propose a confirmable plan and
the absence of a reasonable likelihood of its reorganization.

Previously, on November 28, 2016, the court entered an order
denying Stone Oak's motion for cramdown and for confirmation of its
proposed Amended Chapter 11 Plan.  The court held that Stone Oak
failed to show that its proposed plan is feasible .

Judge Whipple found that no further process of disclosure and plan
amendment is justified at this point, and that Stone Oak lacks a
reasonable ability to propose a feasible reorganization or
liquidation plan.  The judge concluded that cause exists under 11
U.S.C. section 1112(b)(1) which states that "on request of a party
in interest, and after notice and a hearing, the court shall
convert a case under this chapter to a case under chapter 7 or
dismiss a case under this chapter, whichever is in the best
interests of creditors and the estate, for cause. . ."

Judge Whipple also concluded that, given the nature of Stone Oak's
assets, the limited number of creditors in the case, and the
agreements entered into by Stone Oak and its principal with Farmers
& Merchants State Bank and the Lucas County Treasurer for payment
of the debts owed to those two creditors, no identified purpose
would be served by conversion of the case to Chapter 7 and
appointment of a trustee.

Thus, Judge Whipple found that dismissal, rather than conversion to
Chapter 7, is in the best interests of creditors and the estate.

A full-text copy of Judge Whipple's December 9, 2016 opinion is
available at http://bankrupt.com/misc/ohnb15-30316-129.pdf

The bankruptcy case is Stone Oak Investment, LLC, Case No.
15-30316
(Bankr. D. Ohio).


SYNTAX-BRILLIAN: Denial of A. Amr's Bid to Compel Affirmed
----------------------------------------------------------
The United States District Court for the District of Delaware
affirmed the bankruptcy court's memorandum order, which denied
Ahmed Amr's motion to reconsider and vacate orders regarding the
bankruptcy court's prior (1) order denying motion to compel, and
(2) order denying motion to sanction Nancy Mitchell and Greenberg
Traurig LLP.

The Court also denied Amr's motion to recuse Judge Gregory Sleet.

On December 20, 2011, over two years after Greenberg Traurig LLP
ceased performing their role as counsel to the debtors,
Syntax-Brillian Corporation and its debtor affiliates, Amr filed a
motion to sanction GT and a motion to compel the production of
certain documents.

The sanction motion sought various relief based on GT's alleged
fraud upon the court, including disgorgement of GT's fees,
sanctions for alleged violations of discovery rules, a compensatory
award of $2 million in favor of "pro se litigants," and serious
sanctions, including disbarment, for alleged violations of the
Federal Rules of Bankruptcy Procedure and the Delaware Lawyers'
Rules of Professional Conduct.

The motion to compel sought an order compelling the Liquidation
Trust of Syntax-Brillian and GT to release and/or turn over the
"full inventory" of the debtors' Board of Director meeting
minutes.

On January 26, 2012, Amr also filed a request for judicial notice
in support of the motion to sanction Nancy Mitchell and GT and in
support of his objection to the Trustee's settlement agreement with
GT.  On February 10, 2012, Amr filed a request for admissions.

On March 2, 2012, the bankruptcy court entered an order denying the
motion to compel on the bases that (1) the bankruptcy court had
previously ruled on, and denied, Amr's request for the documents or
information sought on several occasions, and (2) the purpose of the
motion is to develop facts relating to potential claims that
belong, not to Amr, but to the estates and to the Trusts created
under the confirmed Plan.

On the same date, the bankruptcy court also denied the sanctions
motion, on the bases that the bankruptcy court had previously
approved a comprehensive settlement between the Trusts and GT by
order dated February 2, 2012 and that the predicate for the
sanctions motion rests upon claims that have been settled and
released by the confirmed Plan or by settlement order.

On March 8, 2012, Amr filed the motion for reconsideration which
was denied by the bankruptcy court on December 7, 2012.  Amr
appealed the order.

On September 29, 2016, the district court issued a memorandum
opinion and order denying numerous motions and request for relief
filed by Amr and other similarly aggrieved former shareholders,
both related and unrelated to the appeal.  Following the ruling,
Amr filed a motion to recuse Judge Gregory Sleet for abuse of
power, abuse of jurisdiction, racketeering, proceeding on false
evidence, false utterances about forged documentation and failure
to report forgeries to law enforcement authorities, violations of
Amr's due process rights and for allowing Judge Brendan Shannon to
ghost write his opinion.

The district court found that the reclusal motion and attached
certification contained no factual allegations of personal bias or
prejudice, either against Amr or in favor of the debtor, GT, or any
adverse party.  Rather, the district court found it evident that
Amr's allegations of bias consist of subjective conclusions and
disagreements with the district court's legal rulings on the
shareholder motions, which are insufficient to warrant reclusal.
The reclusal motion was thus denied.

The district court also found that the bankruptcy court did not
abuse its discretion in denying reconsideration of the sanctions
motion.  The district court noted that, in seeking reconsideration,
Amr did not argue there was an intervening change in controlling
law bearing on denial of the sanctions motion, nor did Amr present
any new evidence that was not available when the bankruptcy court
denied that motion.  The district court also found that the claims
and causes of action identified by Amr belong to the debtors'
estates, were settled for value and released by the estates, and
that Amr has identified no direct claims against GT in his own
right.

The district court also found that the bankruptcy court did not
abuse it discretion in denying reconsideration of the motion to
compel.  The district court again noted that, in seeking
reconsideration, Amr did not argue there was an intervening change
in controlling law bearing on denial of the motion to compel.  The
district court found that the records support the bankruptcy
court's conclusions and found no merit in Amr's argument that the
motion to compel was based on an erroneous finding of fact or legal
conclusion or improper application of law to fact.

The bankruptcy case is IN RE: SYNTAX-BRILLIAN CORPORATION, et al.,
Debtors, Bankr. Case No. 08-11407 (KJC) (Jointly Administered)
(Bankr. D. Del.).

The appealed case is AHMED AMR, Appellant, v. GREENBERG TRAURIG
LLP, et al., Appellees, Civ. No. 13-337 (GMS) (D. Del.).

A full-text copy of the District Court's December 9, 2016 opinion
is available at http://bankrupt.com/misc/deb08-11407-2447.pdf

                   About Syntax-Brillian

Based in Tempe, Arizona, Syntax-Brillian Corporation manufactured
and marketed LCD HDTVs, digital cameras, and consumer electronics
products including Olevia(TM) brand high-definition widescreen LCD
televisions and Vivitar brand digital still and video cameras.
Syntax-Brillian was the sole shareholder of California-based
Vivitar Corporation.

The Company and two of its affiliates -- Syntax-Brillian SPE,
Inc., and Syntax Groups Corp. -- filed for Chapter 11 protection
on July 8, 2008 (Bankr. D. Del. Lead Case No.08-11407.  Lawyers at
Greenberg Traurig LLP represented the Debtors as counsel.  Five
members composed the official committee of unsecured creditors.
Pepper Hamilton, LLP, represented the Committee as counsel.  Epiq
Bankruptcy Solutions, LLC, served as the Debtors' balloting,
notice, and claims agent.  When the Debtors filed for protection
against their creditors, they disclosed total assets of
$175,714,000 and total debts of $259,389,000.

The Bankruptcy Court confirmed the Debtors' Joint Chapter 11
Liquidation Plan in an order dated July 6, 2009.  Under the Plan,
general unsecured claims were to received pro rata distributions
from a liquidating trust after payment of the trust's expenses and
a "liquidating trust funding reimbursement."  Holders of allowed
prepetition credit facility claims were to receive their pro rata
distributions from a lender trust, after payment in full of
allowed DIP facility claims.  A full-text copy of the Debtors' 2nd
amended Chapter 11 liquidating plan is available at:

   http://bankrupt.com/misc/syntax-brillian2ndamendedplan.pdf
    
The SB Liquidation Trust is represented by David M. Fournier,
Esq., and Evelyn J. Meltzer, Esq., at Pepper Hamilton LLP; and
Allan B. Diamond, Esq., Andrea L. Kim, Esq., Eric D. Madden, Esq.,
and Michael J. Yoder, Esq., at Diamond McCarthy LLP.


TABLE LLC: 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 Table, LLC as of Dec. 12,
according to a court docket.

The Table, LLC, filed a Chapter 11 bankruptcy petition (Bankr. M.D.
Fla. Case No. 16-07294) on November 7, 2016, disclosing under $1
million in both assets and liabilities.

The Debtor is represented by Jeffrey Ainsworth, Esq., at
BransonLaw.


TEMPLE SQUARE: Sale of Akron Property to Tun for $69K Approved
--------------------------------------------------------------
Temple Square Properties, LLC, filed a notice with the U.S.
Bankruptcy Court for the Northern District of Ohio disclosing the
Order issued by the Court in connection with the sale of real
property located at 116 and 116 1/2 East Cuyahoga Falls Ave.,
Akron, Ohio, PPN 6843099, to the Ngwe Tun for $69,000.

The sale is free and clear of all interests.

In connection with the assumption and assignment of the Assigned
Contracts, the Debtor will promptly pay all Cure Amounts, if any,
upon closing of the sale.  The Debtor will not be required to take
any other action or to make any other payment with respect to any
defaults under the Assigned Contracts.

The net proceeds of sale will be paid to the Debtor at closing,
provided however, so much of the sale proceeds may retained by the
title agent to pay any broker's or realtor's fees authorized by
further order of the Court.  Should no broker's or realtor's fees
be approved by the Court, then the remainder of the sale proceeds
will be disbursed to the Debtor.

The Order will be effective immediately upon its entry.  The stays
provided under Bankruptcy Rules 6004(g) and 6006(d) are both
waived
and no stay will apply to the Sale.  The Order will take effect
immediately and will not be stayed pursuant to Bankruptcy Rule
7062
or otherwise.

                 About Temple Square Properties

Temple Square Properties, LLC, the owner and manager of several
commercial and residential properties, filed a chapter 11 petition
(Bankr. N.D. Ohio Case No. 16-52568) on Oct. 26, 2016.  The Hon.
Alan M. Koschik presides over the case.  The petition was signed by
Frank
A. Caetta, managing member.

In its petition, the Debtor estimated $1.50 million in assets and
$1.11 million in liabilities.

The Debtor is represented by Anthony J. DeGirolamo, Esq.

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


TOMMY CAMPBELL: U.S. Trustee Unable to Appoint Committee
--------------------------------------------------------
An official committee of unsecured creditors has not yet been
appointed in the Chapter 11 case of Tommy Campbell Heating and Air
Conditioning, LLC, as of Dec. 13, according to a court docket.

                       About Tommy Campbell

Tommy Campbell Heating and Air Conditioning, LLC, filed a Chapter
11 bankruptcy petition (Bankr. D.S.C. Case No. 16-05925) on
November 23, 2016, disclosing under $1 million in both assets and
liabilities. The Debtor is represented by Reid B. Smith, Esq., at
Bird and Smith, PA.


TRANSOCEAN PROTEUS: Fitch Assigns 'B+' LT Issuer Default Rating
---------------------------------------------------------------
Fitch Ratings has assigned ratings to Transocean Proteus Limited
(Proteus), a wholly-owned subsidiary of Transocean, Inc. Fitch
rates Proteus' Long-Term Issuer Default Rating (IDR) 'B+' and
senior secured notes 'BB-'/'RR3'.

The Rating Outlook is Negative.

The secured debt rating considers the structural seniority of the
notes given the lien on the Deepwater Proteus and certain other
assets related to the rig, as well as guarantees by Transocean
Ltd., Transocean Inc., and a wholly-owned indirect subsidiary that
owns the Deepwater Proteus, an ultra-deepwater (UDW) drillship
operating under a 10-year contract with a subsidiary of Royal Dutch
Shell ('AA-'/Outlook Negative). Issuance of the senior secured
notes at Proteus will unfavorably impact recoveries for Transocean
Inc. unsecured debt, but the existing unsecured recovery ratings
have sufficient headroom. Fitch views the guarantee as an
additional payment support that is essentially a payment put to the
extent the Deepwater Proteus' contracted cash flows are
insufficient to repay the secured notes. The supportive contract
features, strong operating history, and favorable contract
performance history between Transocean and Shell provide a level of
confidence in the ability of Proteus to independently meet its debt
service requirements. However, risks related to contract
performance and renegotiation remain.

KEY RATING DRIVERS

Transocean's ratings are supported by its market position as one of
the largest global offshore drillers with a strong backlog ($12.2
billion as of Oct. 24, 2016) and floater-focused rig fleet largely
contracted with financially stronger international oil companies.
The company's high-grading and margin improvement efforts and
adequate near-term financial flexibility, including that afforded
by the deferral of approximately $1.2 billion in uncontracted
newbuild capex payments until 2020, also support the rating. These
considerations are offset by the company's continued need to
generate and conserve liquidity given the weak offshore rig market
outlook, unfavorable capital market conditions, heightened
maturities profile, and contracted newbuild capex commitments.

Fitch views management's proactive financial management as
favorable. While the recent secured and unsecured guaranteed
issuances structurally subordinate the existing unsecured notes,
the proceeds have been and are anticipated to be used to help
improve the company's maturity and liquidity profiles during a
challenged offshore drilling cycle. Further, debt maturity
management actions should also help alleviate bank concerns heading
into credit facility negotiations over the next couple of years.

Fitch believes the company's current and near-term leverage
profiles are consistent with a higher rating (Fitch calculated
year-ended 2015 and September 2016 latest 12 months [LTM]
debt/EBITDA of 1.9x and 2.5x, respectively). However, Fitch
forecasts leverage metrics could exceed through-the-cycle levels
over the rating horizon as current contract coverage declines
meaningfully in 2017 with re-contracting risk elevated in a very
weak market environment.

NEAR NEUTRAL FCF PROFILE; LEVERAGE METRICS RISING

Fitch's base case projects that Transocean, excluding cash flows to
non-controlling interests, will have a near neutral free cash flow
(FCF) profile in 2016 and 2017. Fitch's base case results in
consolidated debt/EBITDA, excluding cash-collateralized
Eksportfinans loans, of 4.6x and 6.2x in 2016 and 2017,
respectively. Fitch recognizes that the secured notes at Proteus,
as well as any potential future secured note issuance, structurally
subordinate contracted cash flows available to service corporate
debt and believes that adjusted corporate leverage metrics,
excluding rig secured debt and associated cash flows, could rise
above consolidated Transocean metrics.

KEY ASSUMPTIONS

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

   -- Brent oil price that trends up from $44/barrel in 2016 to a
      longer-term price of $65/barrel;

   -- Current contracted backlog is forecast to remain intact with

      no material renegotiations;

   -- Market day rates assumed to be $275,000 for higher-
      specification UDW rigs with other rig classes seeing
      similarly steep price discounts;

   -- Fleet composition considers announced rig retirements and
      attempts to adjust for uncompetitive rigs due to their
      technological obsolescence, undifferentiated market
      position, or cost-prohibitive through-the-cycle economics;

   -- Capital expenditures consistent with company guidance of
      approximately $1.4 billion and $600 million in 2016 and
      2017, respectively, with spending levels thereafter largely
      based on maintenance capital levels and the current newbuild

      delivery schedule;

   -- Equity-funded acquisition of Transocean Partners LLC (NYSE:
      RIGP) assumed to close in Q4 2016.

RATING SENSITIVITIES

Positive: No positive rating actions are currently contemplated
over the near term given the weak offshore oilfield services
outlook. However, future developments that may, individually or
collectively, lead to a positive rating action include:

For an upgrade to 'BB-':

   -- Demonstrated commitment by management to lower gross debt
      levels;

   -- Mid-cycle debt/EBITDA of below 5.0x on a sustained basis;

   -- Further progress in implementing the company's asset
      strategy to focus on the high-specification and UDW markets.

To resolve the Negative Outlook at 'B+':

   -- Demonstrated ability to secure tenders that constructively
      contribute to the backlog and cash flows signalling the
      company's ability to manage the industry's re-contracting
      risk and bridge its financial profile through-the-cycle;

   -- Continued progress towards management's 2018 liquidity range
  
      of $3.6 billion-$4.1 billion, while repaying scheduled
      maturities;

   -- Mid-cycle debt/EBITDA of 5.0x-5.5x on a sustained basis.

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

   -- Failure to manage FCF, repay near-term maturities, and
      retain adequate liquidity over the next few years;

   -- Additional issuance of secured debt that structurally
      subordinates contracted newbuild cash flows resulting in
      materially lower corporate cash flows;

   -- Material, sustained declines in rig utilization and day
      rates signalling a heightened level of re-contracting and
      recovery risk;

   -- Mid-cycle debt/EBITDA around 6.0x on a sustained basis.

ADEQUATE NEAR-TERM LIQUIDITY POSITION

Transocean had cash and equivalents of approximately $2.5 billion,
including the senior unsecured guaranteed issuance and debt tender,
as of Sept. 30, 2016. The company also had approximately $366
million in restricted cash investments associated with the required
cash collateralization of the outstanding Eksportfinans loans and
other contingent obligations. Supplemental liquidity is provided by
the company's $3 billion senior unsecured revolving credit facility
due June 2019, including a $1 billion sublimit for letters of
credit. As of Sept. 30, 2016, the company had $3 billion in
available borrowing capacity on this facility, leading to total
liquidity of approximately $5.5 billion.

HEIGHTENED MATURITIES PROFILE

Transocean has annual senior notes maturities equal to
approximately $938 million, $505 million, and $965 million between
2016 and 2018. These represent the company's 5.05% senior notes due
Dec. 15, 2016, 2.5% senior notes due October 2017, 6% senior notes
due March 2018, and 7.375% senior notes due April 2018. This
excludes Eksportfinans principal amortization that is
cash-collateralized.

FULL LIST OF RATING ACTIONS

Fitch has assigned the following ratings:

   Transocean Proteus Limited

   -- Long-Term IDR 'B+';

   -- Senior secured notes 'BB-'/RR3.

The Rating Outlook is Negative.



TRANSTAR HOLDING: Moody's Withdraws Ca CFR on Bankruptcy Filing
---------------------------------------------------------------
Moody's Investors Service has withdrawn all ratings of Transtar
Holding Company following the company's announcement that it have
filed for relief under Chapter 11 of the U.S. Bankruptcy Code in
the Bankruptcy Court for the Southern District of New York on
Nov. 20, 2016, to implement a pre-packaged plan of reorganization.

                         RATINGS RATIONALE

On Nov. 21, 2016, Transtar announced that it has executed a
restructuring support agreement with lenders that hold more than
98.8% of the company's first lien debt and the company's equity
sponsor, which allows for a financial restructuring of the
company's more than $600 million of outstanding debt and accrued
interest.  Under the terms of restructuring, the company will
reduce its outstanding debt by approximately $290 million, or
nearly 50%, by converting a significant portion of the first lien
debt into equity and cancelling the $170 million of senior secured
second lien debt.  Following restructuring, current holders of the
first lien debt will be the new owners of the company.  The
reorganization plan also provides for approximately $70 million in
debtor-in-possession (DIP) financing that will support the
company's liquidity during the debt restructuring process.  Moody's
has last downgraded Transtar on July 15, 2016, when the company did
not make scheduled June 2016 interest payments on its first and
second lien credit facilities.

Transtar's difficulties were the result of poor execution related
to ETX integration, combined with intense competition and excessive
leverage, which resulted in significant liquidity issues.

Moody's has withdrawn these ratings:

Issuer: Transtar Holding Company:

  Corporate Family Rating, Ca
  Probability of Default Rating, D-PD
  $50 million first lien senior secured revolving credit facility
   due 2017, Caa3 (LGD3)
  $370 million first lien senior secured term loan due 2018, Caa3
   (LGD3)
  $170 million second lien senior secured term loan due 2019, C
   (LGD5)

Outlook: Negative
Transtar Holding Company is a distributor and manufacturer of
aftermarket automotive driveline replacement parts, kits and
components sold to the transmission repair and remanufacturing
market.  The company also supplies autobody refinishing products to
professional aftermarket automotive refinishers and autobody repair
shops.  Net revenue for the twelve month period ended September
2015 was more than $550 million.  The company has been
majority-owned by affiliates of Friedman Fleischer & Lowe, LLC
(FFL) since 2010.



TRIDENT BRANDS: Announces D&O Resignations and Appointments
-----------------------------------------------------------
Effective Dec. 2, 2016, Michael Browne resigned as corporate
secretary of Trident Brands Incorporated.  Mr. Browne will continue
to serve as brand director, chief financial officer, and treasurer
of the Company.  According to the Company, Mr. Browne's resignation
was not the result of any disagreement regarding its operations,
policies, practices, or other cause.

                  Peter Salvo Named Secretary

Concurrently with Mr. Browne's resignation, the Company's Board of
Directors appointed Peter Salvo, controller of the Company since
his appointment on March 21, 2014, to serve as corporate
secretary.

Mr. Salvo is a professional accountant with over 25 years of
experience in manufacturing, most notably in the automotive
industry.  Mr. Salvo has served in many capacities, most recently
as controller and finance manager with Meritor Suspension Systems
Company for 14 years.  He has also worked for Rockwell
International for 11 years as manager of financial analysis.  Mr.
Salvo has extensive financial management experience and served as a
key member of various management teams.

Mr. Salvo is a Chartered Professional Accountant (CPA) and received
his Certified Management Accountant designation in 1985 and holds a
bachelor degree in commerce from McMaster University.

                         CEO Resigns

Effective Dec. 2, 2016, Donald MacPhee resigned as a director of
the Board of Directors, and as president, and chief executive
officer of the Company.  Mr. MacPhee has served as a director,
Chair of the Company's Audit Committee, and as a member
of the Company's Corporate Governance Committee since March 21,
2014, and as president and chief executive officer since Dec. 15,
2015.  His resignation was not the result of any disagreement with
the Company Company regarding its operations, policies, practices,
or other cause.  Concurrently with his resignation, Mr. MacPhee was
appointed director of operations of the Company.

The Company disclosed that Donald MacPhee co-founded Continental
Ingredients in 1994 and played a major role in taking the company
from $650,000 in revenue to over $50 million.  He has over 30 years
of experience in the food and beverage ingredient industry, and has
worked closely with major North American food and beverage
manufacturers to develop new products for their portfolios.  Mr.
MacPhee holds a business administration and marketing degree from
St. Lawrence College.

                        Chairman Resigns

Effective Dec. 2, 2016, Mark Holcombe resigned as chairman of the
Board of Directors and was appointed as president of the Company.
His resignation was not the result of any disagreement with the
Company regarding its operations, policies, practices, or other
cause.  Mr. Holcombe continues as a director of the Board of
Directors and as Chair of the Compensation Committee.  Mark
Holcombe was appointed as a director of the Company company on Nov.
5, 2007, and served as chief executive officer, president,
secretary and treasurer through March 21, 2014.

"Mr. Mark Holcombe is experienced in corporate and investment
banking, corporate development and asset management.  Mr. Holcombe
has over 23 years of banking and corporate finance experience.  He
has significant experience in M&A advisory, corporate
restructurings and public and private debt and equity financings,"
the Company said.

Formerly, Mr. Holcombe was managing partner of Stirling Partners
(Bahamas) Ltd.  Formerly, he was a senior advisor to Providence
Advisors Limited, managing director and Head of Asset Management
for Madison Williams Holdings, LLC in New York City and Head of
Corporate Development/Private Equity of GEM Global Equities
Management S.A.  Also, he has worked as a senior investment banker
at Global Hunter Securities, Donaldson, Lufkin and Jenrette,
Gleacher NatWest/NatWest Markets, and ING Capital.  Mr. Holcombe
presently serves as a director of Asante Gold Corporation.

Mr. Holcombe holds a B.A. from Colgate University and graduated
from the Chemical Bank Corporate Finance Analyst Training Program.

                        CEO Appointment

Effective Dec. 2, 2016, Anthony Pallante was appointed as director
and Chairman of the Company's Board of Directors, and as chief
executive officer of the Company.

Mr. Pallante is the founder and principal of Manchester Capital
Inc. and as served as its chairman and chief executive officer for
over 25 years.  Prior to Manchester Capital, Mr. Pallante served as
a senior vice president and officer at Cott Beverages.  Prior to
Cott, he served as the president and principal of exclusive
Beverage, the Ontario Royal Crown Cola franchise, which he sold to
Cott.  He serves as a Member of Business Advisory Board at Mycell
Technologies LLC. He holds a Bachelor of Arts from York University
in Toronto and is active in various local and community charities.

           Corporate Governance Chair Appointment

Effective Dec. 2, 2016, Scott Chapman, the Company's director and
Chair of the Corporate Governance Committee, was appointed as Chair
of the Audit Committee of the Company's Board of Directors. Mr.
Chapman was first appointed a director and as Chair
of the Governance Committee of the Company on March 21, 2014.

Mr. Chapman is an investment professional with over 20 years of
experience both in Canada and internationally.  Mr. Chapman has
acted as senior partner with Lines Overseas Management (Bermuda,
Bahamas); and in institutional, retail sales with Midland Walwyn
(Montreal, Quebec).

Across numerous financial sectors, Mr. Chapman's responsibilities
have included corporate finance, venture capital, institutional and
retail sales.  From April 2009 to present, Mr. Chapman has been the
owner of Hyperion Management.  Hyperion is in the business of
venture capital, marketing, corporate governance and
sports management.

Mr. Chapman is a native of Montreal, Quebec educated at Concordia
University and has recently returned to Montreal after 10 years of
working in Bermuda and the Bahamas.

      Summary of Current Executive Officers and Directors

Effective Dec. 2, 2016, as a result of the above described
resignations and appointments, the Company's executive officers and
Board of Directors are as follows:

        President                          Mark Holcombe
        Chief Executive Officer            Anthony Pallante
        Chief Financial Officer            Michael Browne
        Controller                         Peter Salvo
        Director of Operations             Donald MacPhee
        Brand Director                     Michael Browne
        Secretary                          Peter Salvo
        Treasurer                          Michael Browne
        Board of Directors                 Mark Holcombe
                                           Scott Chapman
                                           Anthony Pallante
                                          (Chairman of the Board)
        Audit Committee                    Scott Chapman (Chair)
        Corporate Governance Committee     Scott Chapman (Chair)
        Compensation Committee             Mark Holcombe (Chair)
      
"There is no understanding or arrangement between any of our
officers or directors and any other person pursuant to which our
officers or directors were selected or appointed to their
respective positions.  There are no family relationships among any
of our directors, executive officers, or any persons nominated or
chosen by us to become a director or executive officer," the
Company stated in the regulatory filing with the Securities and
Exchange Commission.

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

                     https://is.gd/UEEbx2

                     About Trident Brands

Trident Brands Incorporated (f/k/a Sandfield Ventures Corp.) was
initially formed to engage in the acquisition, exploration and
development of natural resource properties, but has since
transitioned and is now focused on branded consumer products and
food ingredients.  

The Company maintains a compelling portfolio of branded consumer
products including nutritional products and supplements under the
Everlast(R) and Brain Armor(R) brands, and functional food
ingredients under the Oceans Omega brand.  These brands are focused
on the fast growing supplements and nutritional product and heart
and brain health categories, supported by an  established contract
manufacturing, supply chain and research and development
infrastructure, and a solid and proactive management  team, board
of directors and advisors with many years of experience in related
categories.

The Company's balance sheet at Aug. 31, 2016, showed total assets
of $3.01 million, total liabilities of $4.74 million and
stockholders' deficit of $1.73 million.

"The Company has had minimal revenues during the period from
November 5, 2007 (date of inception) to August 31, 2016 and has a
working capital deficit as of August 31, 2016.  These conditions
raise substantial doubt about the Company's ability to continue as
a going concern.  The Company is currently in the early growth
stage at product introduction phase and expenses are  increasing.
The Company has secured financing to cover these  expenses.  The
current cash of $4,484 is insufficient to cover the expenses the
Company will incur during the next twelve  months.  The Company is
currently pursuing various financing alternatives  in order to
address this issue and as detailed in note 9 entered
into a securities purchase agreement on September 26, 2016 for
proceeds of $4,100,000.  The proceeds of this  financing are to be
used for general working capital purposes, including without
limitation, settlement of accounts payable and repayment of mature
debt," as disclosed in the Company's quarterly report for the
period ended Aug. 31, 2016.


UNITED GAS: Hires Westside Pacific as Real Estate Broker
--------------------------------------------------------
United Gas and Food, Inc. seeks authorization from the U.S.
Bankruptcy Court for the Eastern District of California to employ
Westside Pacific Inc./LJ Mismas as its commercial real estate
broker, nunc pro tunc to October 14, 2016.

The Debtor owns certain real property commonly known as 1451
Meadowview Rd., Sacramento, CA and operates a gas station and food
mart on the premises (the "Property").

The Debtor desires to retain the Westside Pacific as its commercial
real estate broker to market and sell the Property in connection
with this case.

The Agreement, beginning on October 14, 2016, and effective through
October 16, 2017, grants Westside Pacific exclusive authority to
market and solicit bids for the Property, in exchange for which the
Debtor agrees to pay Broker a commission equal to 4.5% of the
Property's contract price. Broker will seek payment of its 4.5%
commission from the proceeds of the sale of the Property at the
closing.

Leon (LJ) Mismas 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.

Westside Pacific can be reached at:

       LJ Mismas
       WESTSIDE PACIFIC INC.
       1221 S. Hacienda Blvd.
       Hacienda Heights, CA 91745
       Tel: (323) 573-4995
       E-mail: ljmismas@gmail.com

                  About United Gas and Food

United Gas and Food, Inc. sought Chapter 11 protection (Bankr. E.D.
Cal. Case No. 10-21453) on Jan. 22, 2010.  The case is assigned to
Judge Christopher M. Klein.

The Debtor estimated liabilities in the range of $1,000,001 to
$10,000,000.

The Debtor tapped John D. Maxey, Esq., at Dudugjian & Maxey as
counsel.

The petition was signed by Muhammad Latif, operator/manager of the
company.


VALEANT PHARMACEUTICALS: Names William Humphries EVP Dermatology
----------------------------------------------------------------
Valeant Pharmaceuticals International, Inc., announced that William
D. Humphries has been appointed executive vice president,
dermatology, effective Jan. 2, 2017.  Mr. Humphries will join
Valeant's executive committee, reporting directly to Joseph C.
Papa, Valeant's chairman and chief executive officer.

Mr. Humphries has nearly 30 years of experience in the dermatology
and specialty pharmaceuticals industry.  He joins Valeant from Merz
GmbH & Co. KGaA, where he most recently served as CEO of its North
America business.  Prior to Merz, he served as president of
Stiefel, a leader in global dermatology and skin health that is now
a subsidiary of GlaxoSmithKline, and held multiple senior roles at
Allergan, Inc., including vice president of the U.S. skincare
business.

"We are pleased to welcome another experienced leader to our team,"
said Mr. Papa.  "Bill has an unparalleled understanding of the
dermatology and aesthetics space and a proven track record of
successfully developing and commercializing products in these
therapeutic areas.  We look forward to his contributions as we
continue working toward a recovery of our core prescription
dermatology business."

Mr. Humphries commented, "Valeant's dermatology business has an
underappreciated innovative pipeline, an unrivaled and robust
product portfolio and great brands with a significant amount of
untapped potential.  Valeant also has a tremendous commercial team
and I look forward to working with them to reinvigorate the
business and demonstrate value for physicians and patients."

Valeant also disclosed that Anne Whitaker, EVP & Company Group
Chairman has decided to leave the Company on Jan. 13, 2017.  The
Company thanks Anne for her many contributions overseeing its
branded business and for her ongoing support to transition the
dermatology business to Bill Humphries.

Rob Rosiello will also depart the Company on Dec. 31, 2016.  Rob
previously served as the Valeant CFO from July 2015 through August
2016 and has successfully transitioned the role to our new CFO,
Paul Herendeen.  "Rob is a trusted colleague who led our team
through a financial restatement, and spearheaded efforts to
strengthen our finance team," said Mr. Papa.

Dr. Ari Kellen, EVP & Company Group Chairman will also depart
Valeant on Dec. 31, 2016.  The Company said it is grateful to Ari
for his leadership across many of its businesses and his influence
on its pipeline will undoubtedly continue to benefit the Company
into the future.

Dr. Kellen and Mr. Rosiello will continue to serve as consultants
on an ongoing basis. "I sincerely thank Anne, Rob, and Ari for
their contributions to Valeant and appreciate their efforts to
stabilize the Company during a period of transition," said Joe
Papa.  "We wish them well in the future."

                         About Valeant

Valeant Pharmaceuticals International, Inc. (NYSE/TSX:VRX) --
http://www.valeant.com/-- is a multinational specialty            

pharmaceutical company that develops, manufactures and markets a
broad range of pharmaceutical products primarily in the areas of
dermatology, gastrointestinal disorder, eye health, neurology and
branded generics.

As of Sept. 30, 2016, Valeant had $45.76 billion in total assets,
$41.48 billion in total liabilities and $4.27 billion in total
equity.  Valeant reported a net loss attributable to the Company of
$291.7 million on $10.44 billion of revenues for the year ended
Dec. 31, 2015, compared to net income attributable to the Company
of $880.7 million on $8.20 billion of revenues for the year ended
Dec. 31, 2014.

Valeant carries a 'B3' Corporate Family Rating from Moody's
Investors Service.

As reported by the TCR on April 19, 2016, Standard & Poor's
Ratings Services said that it has lowered its corporate credit
ratings on Valeant Pharmaceuticals International Inc. to 'B' from
'B+' and placed both the corporate credit rating and the
issue-level ratings on CreditWatch with developing implications.

                         *   *   *

This concludes the Troubled Company Reporter's coverage of Valeant
Pharmaceuticals International, until facts and circumstances, if
any, emerge that demonstrate financial or operational strain or
difficulty at a level sufficient to warrant renewed coverage.


VIOLIN MEMORY: Case Summary & 40 Largest Unsecured Creditors
------------------------------------------------------------
Debtor: Violin Memory, Inc.
        4555 Great America Parkway, Suite 150
        Santa Clara, CA 95054

Case No.: 16-12782

Type of Business: A developer and supplier of differentiated
                  flash-based data storage systems that service   

                  the high-speed applications and complex network
                  infrastructures of sophisticated worldwide
                  enterprises.

Chapter 11 Petition Date: December 14, 2016

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

Debtor's          
General
Bankruptcy
Counsel:          PILLSBURY WINTHROP SHAW PITTMAN LLP

Debtor's
Bankruptcy
Co-Counsel:       Justin R. Alberto, Esq.
                  BAYARD, P.A.
                  222 Delaware Avenue, Suite 900
                  P.O. Box 25130
                  Wilmington, DE 19899
                  Tel: 302-429-4226
                  Fax: 302-658-6395
                  E-mail: jalberto@bayardlaw.com

                     - and -

                  Scott D. Cousins, Esq.
                  BAYARD, P.A.
                  222 Delaware Avenue, Suite 900
                  Wilmington, DE 19801
                  Tel: 302-655-5000
                  Fax: 302-658-6395
                  E-mail: scousins@bayardlaw.com

Debtor's          
Investment
Banker &
Financial
Advisor:          HOULIHAN LOKEY CAPITAL, INC.

Debtor's          
Notice, Claims
Solicitation,
Balloting and
Tabulation
Agent:            PRIME CLERK LLC

Total Assets: $38.93 million

Total Debt: $145.40 million

The petition was signed by Cory J. Sindelar, chief financial
officer.

Debtor's List of 40 Largest Unsecured Creditors:

   Entity                          Nature of Claim   Claim Amount
   ------                          ---------------   ------------
Wilmington Trust, N.A.             4.25% Convertible $120,850,000
Global Corporate Capital Markets    Senior Notes
50 South Sixth Street, Suite 1290  due Oct. 1, 2019
Minneapolis, MN 55402
Attn: Violin Memory Administrator
Fax: (612) 217-5651

Forty Niners Football Company LLC     Sponsorship     $14,000,000
4949 Marie P. DeBartolo Way            Agreement
Santa Clara, CA 95054
Tel: 408-562-4949

Jefferies LLC                        Professional      $3,000,000
520 Madison Avenue                     Services
New York, NY 10022
Pavan K. Gadiyaram
Tel: (212) 444-4285
Email: pgadiyaram@jefferies.com

GlobalLogic Inc.                      Trade Debt       $1,200,000

1741 Technology Drive
4th Floor
San Jose CA 95110
Suyog Deshpande
Tel: (408) 834-9503

Aetna                                   Service        $1,142,613
151 Farmington Avenue                  Contract
Hartford, CT 06156
Danny Bhura
Tel: (609) 524-7218
Email: bhurazi@aetna.com

The Valley Hospital                     Service          $846,494
PO Box 31246                           Contract
Salt Lake City, UT 84131
Eric Carey
Tel: (201) 291-6238
Email: ecarey@valleyhealth.com

Santa Clara County                     Tax Claim         $785,046
Assessor's Office
70 W. Hedding Street
East Wing, 5th Floor
San Jose, CA 95110
Assessor Business Division -
General Information
Tel: (408) 299-5400

Toshiba America Electronic Comp,       Trade Debt         $760,076
Inc.
PO Box 99421, File 99421
Los Angeles, CA 90074

Verizon                                 Service           $730,000
140 West Street                        Contract
New York, NY 10007

Salesforce.com, Inc.                   Trade Debt         $601,043
The Landmark @ One Market
Suite 300
San Francisco, CA 94105
Tel: (415) 901-8457

Wal-Mart                                Service           $600,198
805 Mobley Lane                         Contract
Bentonville, AR 72716
Bart Alvarez
bart.alvarez@wal-mart.com
Tel: (479) 204-5750

Orange SA                               Service           $517,980
78, rue Olivier de Serres              Contract
Paris, 75015
France
Nicolas Rubinstein
nicolas.rubinstein@orange.com
Tel: +33(0) 1 55 22 16 13

Citrix                                  Service           $439,209
851 West Cypress Creek Road            Contract
Fort Lauderdale, FL 33309

The Prudential Insurance Company      Santa Clara         $379,173
of America                            Office Rent
4 Embaracadero Center 27th Floor
San Francisco, CA 94111
Attn: PRISA II Asset Manager

Consortium Health Plans, Inc.           Service           $377,985
10490 Little Patuxent Parkway           Contract
Suite 550
Columbia, MD 21044

AOL                                     Service           $325,934
770 Broadway                            Contract
New York, NY 10003
Aaron Lake
Tel: 703-265-1587
Email: aaron.lake@teamaol.com

Bank of America                         Service           $286,834
100 North Tryon St.                     Contract
18th Floor
Charlotte, NC 28255
David Roff
Tel: 818-597-5584
Email: david.roff@bankofamerica.com

Mindteck, Inc.                         Contractors       $270,521
150 Corporate Center Drive, Ste 200
Camp Hill, PA 17011
Barbara Hoffman
Tel: (717) 732-2211

B&H Photo Video                          Service         $255,592
420 9th Avenue                          Contract
New York, NY 10001
Krishna Tangirala
Tel: (201) 705-4385
Email: krishnat@bhphoto.com

DecisionOne                              Support         $247,670
                                         Service
                                         Provider

Ramsay Health Care UK Ltd                Service         $246,848
Email: geoff.cross@ramsayhealth.co.uk   Contract

Equinix, Inc.                            Service         $243,164
Email: supp@equinix.com                 Contract

Gold Ridge Micro Cap I, LLC            Securities        $232,000
                                         Claim

Mentor Graphics Corporation             License          $230,455

Raiffeisen Bank S.A.                    Service          $224,598
Email: dmayorov@ocs.ru                 Contract

Danske Fragtmaend                       Service          $217,727
Email: lars.pedersen@fragt.dk          Contract

Toshiba Corp                            Service          $209,679
                                       Contract

HJ PNA, Co. Lrd.                        Violin           $197,573
                                        Memory
                                       Reseller

Louis Kulleseid                       Employment         $193,369
                                         Claim

Quicken Loans                           Service          $189,917
Email: linglonghe@quickenloans.com     Contract

First Solar                             Service          $180,300
Email: spatel@firstsolar.com            Contract

Amy Love                               Severance         $175,000

Ministry of Social Development          Service          $163,120
Email: mike.angell.msd.gov.nz          Contract

Stephen P. Dalton                      Severance         $150,000
Email: ckletter@kletterlaw.com

X5 Retail Group                         Service          $148,009
Email: acherechukin@ot.ru              Contract

Pros Revenue                           Customer          $144,029
                                       Deposit

TiVo Corp.                              Service          $140,000
Email: ldicicco@tivo.com               Contract

The District School Board of Collier    Service          $128,528
County                                 Contract
5775 Osceola Trail
Naples, FL 34109
Email: petryth@collierschools.com

Said Oissal                           Severance         $125,000

3driftcentral/Hi3G Access AB           Service          $124,178
Email: johan.hjort@tre.se              Contract


VIOLIN MEMORY: Expects Ch. 11 Process to Conclude by January
------------------------------------------------------------
Violin Memory(R), Inc. on Dec. 14, 2016, disclosed that it has
commenced a process to streamline its operations and balance sheet,
while simultaneously pursuing a sale of its business to a buyer
committed to supporting its core customer base.

To facilitate this restructuring, Violin Memory has filed a
voluntary petition for reorganization under chapter 11 of the U.S.
Bankruptcy Code in the Bankruptcy Court for the District of
Delaware, and is seeking to hold an auction in early January for
the business.

Violin Memory, founded in 2005, is credited with being the creator
of the flash storage market.  Over the past eleven years, Violin
Memory has built a strong franchise through ongoing innovation by
serving the needs of the most exacting enterprises.  Violin Memory
continues to have core strengths that it believes can lead to value
creation, including leveraging the company's:

   -- Annual recurring service revenue
   -- Broad patent portfolio58 US Patents/24 pending
   -- 58 US Patents/24 pending
   -- 64 Foreign Patents/38 pending
   -- Single O/S for public, private and hybrid cloud environments
   -- Proven integrated hardware and software solutions
   -- Customer base that includes some of the largest enterprises
in the world

Kevin A. DeNuccio, Violin Memory's President and CEO stated: "We
are taking this action, which should conclude by the end of January
2017, to bolster Violin's ability to serve the needs of its
customers.  Violin intends to continue to sell solutions to
customers and prospects as well as service and support customers
during this restructuring."

Additional Information:

If you have questions about the chapter 11 proceeding, please call
(855) 934-8766 (domestic) or +1 (917) 877‐5963 (international),
email VMEMinfo@primeclerk.com, or visit:
https://cases.primeclerk.com/VMEM.

                    About Violin Memory

Violin Memory (OTCQX: VMEM) -- http://www.violin-memory.com/--
develops and supplies memory-based storage systems for high-speed
applications, servers and networks in the Americas, Europe and the
Asia Pacific.  Founded in 2005, Violin Memory is headquartered in
Santa Clara, California.


VIOLIN MEMORY: Files for Bankruptcy with $145.4 Million in Debt
---------------------------------------------------------------
Violin Memory, Inc., developer and supplier of flash-based data
storage systems, sought bankruptcy protection to pursue a
going-concern sale of its assets.  Violin's Board of Directors
authorized the filing of the Chapter 11 case at a meeting conducted
on Dec. 13, 2016, as the Company "lacks sufficient liquidity" to
continue operations.

Through the Chapter 11 process, Violin intends streamline its
operations and balance sheet while simultaneously pursue a sale of
its business to a buyer committed to supporting its core customer
base.

Kevin A. DeNuccio, Violin Memory's president and CEO stated in a
press release: "We are taking this action, which should conclude by
the end of January 2017, to bolster Violin's ability to serve the
needs of its customers.  Violin intends to continue to sell
solutions to customers and prospects as well as service and support
customers during this restructuring."

Violin has the following non-debtor direct, wholly-owned foreign
subsidiaries: Violin Memory EMEA Ltd (UK), Violin Memory K.K.
(Japan), Violin Memory Data Storage System Co., Ltd. (China),
Violin Memory, Inc. Rus Limited Liability Company (Russia), and
Violin Memory Pte. Ltd. (Singapore).

As of the Petition Date, Violin has 59 employees based
domestically.  In addition, as of the Petition Date, Violin has 24
employees based internationally who have been given termination
notices and are working through their applicable notice periods, as
disclosed in court documents.

Cory J. Sindelar, chief financial officer and authorized
representative of the Debtor, said in an affidavit filed with the
court that beginning in 2014, Violin experienced sales declines as
competitors released software products with de-duplication and
compression functionality that mooted certain of its products and
adversely affected its sales.  Although Violin launched software
with de-duplication and compression in February 2015, as well as
many other data management features, the software experienced
performance challenges and sales suffered further declines, he
added.

Violin worked to right-size its operations by reducing head count
from 437 employees in January 2014, to 318 employees as of January
2016, to 144 in November 2016, and to 82 as of the Petition Date.
Despite implementing those operational restructuring initiatives,
Mr. Sindelar said Violin was not able to recapture market share and
projects that it would continue to incur operating losses and would
require additional liquidity and capital infusions through its
fiscal year ending Feb. 1, 2018.

According to Mr. Sindelar, as 2016 progressed, Violin was unable to
meet revenue expectations and, despite effectuating numerous cost
reduction initiatives, was facing increasingly constrained
liquidity as it moved towards planned new product launches.  In
September 2016, Violin launched new flash storage platform
solutions leading the industry in latency, density, scalability,
affordability and performance.  However, Mr. Sindelar said, the new
products did not lead to immediate revenue increases.

"Violin worked to resolve these issues, and its September 2016
product release resolves the early performance issues and has been
successfully deployed to Violin's customers.  However, the cash
burn experienced during the 2015-16 period depleted available cash
reserves," he maintained.

With no reasonably likely transaction and insufficient liquidity to
continue as a going concern, Violin commenced preparations for an
orderly sale of all of its assets.  The Debtor initiated the sales
process in 2015 and 2016 with the assistance of Jefferies and
Houlihan Lokey Capital, Inc. as financial advisors and investment
bankers.  However, the sales process did not result in any offers
or other promising indications of interest.

In the weeks leading up to the Petition Date, the Debtor explored
debtor-in-possession financing options.  As no party expressed an
interest in providing it with debtor-in-possession financing, the
Debtor said it approached an ad hoc group to explore
debtor-in-possession financing.  According to Violin, these
discussions were ultimately not fruitful and it was unable to
obtain any further financing.  The Debtor also had engaged in
substantive discussions with a potential stalking horse bidder who
also offered debtor-in-possession financing.  Those discussions
also were ultimately unproductive and have necessitated the filing
of the Chapter 11 case, the Debtor added.

                      First Day Motions

To minimize the adverse effects of the commencement of the Chapter
11 case on its estate, contemporaneously with the petition, the
Debtor filed various first day motions seeking permission to, among
other things, use existing cash management system, pay employee
obligations and pay prepetition taxes.  A hearing on the Debtor's
First Day Motions will be held on Dec. 15, 2016, at 3:00 p.m. (ET)
before the Hon. Laurie Selber Silverstein, U.S. Bankruptcy Court
for the District of Delaware, 824 Market St., 6th Fl., Courtroom
#2, Wilmington, Delaware.

                         About Violin

Headquartered in Santa Clara, California, Violin said its customer
base is primarily comprised of Fortune 500 and Global 1000
companies, since its high-performance All Flash Array systems
address the demanding requirements of high-speed applications and
complex network infrastructures used by large companies.  Violin
currently holds 184 patents.  It also owns 14 trademarks and
copyrights relating to its business.

The hardware utilized in Violin's products is manufactured by
Flextronics in its facility located in Milpitas, California.
Toshiba is Violin's sole supplier of flash components, which Violin
consigns to Flextronics.

Through fiscal year ended Jan. 31, 2016, Violin generated revenues
of $50,867,000 through sales of its products and services, and
projects revenues of $30,000,000 through fiscal year ended Jan. 31,
2017.  As of Oct. 31, 2016, the Debtor had total assets of $38.93
million and total debts of $145.40 million, according to court
papers.

The Debtor has hired Pillsbury Winthrop Shaw Pittman LLP as
bankruptcy counsel; Bayard, P.A. as co-bankruptcy counsel; Houlihan
Lokey Capital, Inc., as investment banker & financial advisor; and
Prime Clerk LLC as notice, claims, solicitation, balloting and
tabulation agent.


WALTER H. BOOTH: Hires Eleonor Dahar as Counsel
-----------------------------------------------
Walter H. Booth Clause 4 Trust filed an ex parte application to the
U.S. Bankruptcy Court for the District of New Hampshire to employ
Eleanor Wm. Dahar, Esq., of Victor W. Dahar, P.A. as counsel.

The firm's professional services will include, but are not limited
to:

   (a) the plan and disclosure statement;

   (b) motions for relief and post-petition/take-out financing
       issues;

   (c) determination of secured creditor claim amount;

   (d) assumption/rejection of executory contracts;

   (e) turnover, fraudulent transfer, preference actions and other

       avoidance and/or subordination actions;

   (f) other litigation; and

   (g) negotiate with the creditors committee and creditors, as
       necessary; and

   (h) all other matters necessary and proper for the
       representation of the Debtor in this case.

The Debtor desires to employ counsel under a general retainer.

The counsel will also be reimbursed for reasonable out-of-pocket
expenses incurred.

Eleanor Wm. Dahar 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.

The counsel can be reached at:

       Eleanor Wm. Dahar, Esq.
       VICTOR W. DAHAR, P.A.
       20 Merrimack Street
       Manchester, NH 03101
       Tel: (603) 622-6595

               About Walter H. Booth Clause 4 Trust

Walter H. Booth Clause 4 Trust filed a chapter 11 petition (Bankr.
D.N.H. Case No. 16-11598) on Nov. 16, 2016.  The petition was
signed by Stephen W. Booth, trustee.  The Debtor is represented by
Eleanor W. Dahar, Esq., at Victor W. Dahar Professional
Association.  The Debtor estimated assets and liabilities at $1
million to $10 million at the time of the filing.


WOODHAVEN TOWNHOUSE: Hires Jennifer K. Maddox as Accountant
-----------------------------------------------------------
Woodhaven Townhouse Association, Inc., seeks authorization from the
U.S. Bankruptcy Court for the Northern District of Texas to employ
Jennifer K. Maddox, CPA as accountant.

The Debtor requires Maddox to:

      a. assist the Debtor in the analysis of the Debtor’s
financial position, assets, and liabilities;

      b. assist the Debtor in the accounting of all receipts and
disbursement from the estate and the preparation of all necessary
reports in relation thereto;

      c. assist the Debtor in the development of a plan of
reorganization and in the preparation of an accompanying disclosure
statement, any amendments to the plan or disclosure statement, and
any related agreements and/or documents;

      d. assist the Debtor in the preparation of a final report and
final accounting of the administration of the estate;

      e. perform other accounting services and providing all other
financial advice  to the Debtor in connection with this Chapter 11
case as may be required or necessary.

The Debtor will compensate Jennifer K. Maddox, CPA a flat fee of
$423.00 per month. If additional services are required, Jennifer K.
Maddox, CPA will bill the Debtor at the rate of $150.00 per hour.

Jennifer K. Maddox, CPA, 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 estates.

Maddox may be reached at:

       Jennifer K. Maddox, CPA
       1415 S. Center Street
       Arlington, TX 76010
       Phone: +1 817-274-6314

                       About Woodhaven Townhouse



Woodhaven Townhouse Association, Inc., filed a Chapter
11
bankruptcy petition (Bankr. N.D. Tex. Case No. 16-34424)
on
November 11, 2016, disclosing under $1 million in both assets
and liabilities. The Debtor is represented by Joyce W. Lindauer,
Esq.


YELLOW CAB: Ch.11 Trustee Hires Michelson Law Group as Counsel
--------------------------------------------------------------
Randy Sugarman, the Chapter 11 Trustee for Yellow Cab Cooperative,
Inc., aka All Taxi Electronics, asks the U.S. Bankruptcy Court for
the Northern District of California for permission to employ
Michelson Law Group as his counsel.

The Chapter 11 Trustee requires the Firm to:

     a. give the Trustee legal advice with respect to his powers
and duties as Chapter 11 Trustee;

     b. prepare on behalf of the Trustee motions, applications,
answers, orders, reports and other legal papers;

     c. advise and assist the Trustee with respect to the
identification, investigation, collection and liquidation of
potential assets of the bankruptcy estate;

     d. advise and assist the Trustee with respect to any transfers
that may be avoidable under the provisions of the Bankruptcy Code
or other applicable law;

     e. advise and assist the Trustee with respect to claims and
any objections thereto;

     f. attend court hearings related to the foregoing; and

     g. perform all other legal services for Trustee which may be
necessary in this case.

The Firm will be paid at these hourly rates:

      Randy Michelson           $600
      Professionals             $300-$500

The Firm will also be reimbursed for reasonable out-of-pocket
expenses incurred.

Randy Michelson, Esq., of Michelson Law Group, 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 estates.

The Firm may be reached at:

      Randy Michelson, Esq.
      Michelson Law Group
      220 Montgomery Street, Suite 2100
      San Francisco, CA 94104
      Telephone: 415.512.8600
      Facsimile: 415.512.8601
      Email: randy.michelson@michelsonlawgroup.com

                About Yellow Cab Cooperative



Yellow Cab Cooperative, Inc., provides taxicab
transportation
services in the San Francisco, California area. In
San Francisco, taxicab "color schemes" are licensed by the County
of San Francisco to provide services to taxi medallion owners,
which color schemes and medallion holders operate in a highly
regulated environment.  



Yellow Cab is a non-profit cooperative service company
that
provides an operating base for approximately 400 San
Francisco taxi medallions (or permits), operating on a cooperative
basis. Yellow Cab supports approximately 1,000 medallion owners and
lessee drivers in their individual taxi operations, and separately
employs approximately 60 persons to provide those support services.
Yellow Cab currently supports approximately one-third of the total
medallions operating in San Francisco.



Yellow Cab Cooperative filed a Chapter 11 petition (Bankr.
N.D.
Cal. Case No. 16-30063) on Jan. 22, 2016. The petition was
signed by Pamela Martinez, president.  The case is assigned to
Judge Dennis Montali.

The Debtor estimated assets of $1
million to $10 million, and debts of $10 million to $50 million.



The Debtor has tapped Farella Braun and Martel LLP as its
legal
counsel.



The U.S. Trustee for Region 17 on March 3 appointed five
creditors of Yellow Cab Cooperative, Inc., to serve on the official
committee of unsecured creditors. The Committee is represented by
John D. Fiero, Esq., and Jason H. Rosell, Esq., at Pachulski Stang
Ziehl & Jones LLP, in San Francisco, California.



YELLOW CAB: Ch.11 Trustee Hires Sugarman & Company as Accountants
-----------------------------------------------------------------
Randy Sugarman, the Chapter 11 Trustee for Yellow Cab Cooperative,
Inc., aka All Taxi Electronics, asks the U.S. Bankruptcy Court for
the Northern District of California for permission to employ
Sugarman and Company LLP as his accountants.

The Chapter 11 Trustee is a principal of Sugarman and Company LLP.

The Chapter 11 Trustee requires the Firm to:

     a. assist the Trustee in the analysis of financial and other
business documents of the estate;

     b. assist the Trustee and his counsel in investigations and in
searching for assets;

     c. assist the Trustee with the review of Debtor's bankruptcy
schedules and statements;

     d. assist the Trustee with the preparation of monthly
operating reports and other financial reporting documents required
by the Court;

     e. serve as an expert consultant and/or witness in avoidance
litigation if warranted; and

     f. locate and identify all potentially applicable insurance
relating to all claims against the estate.  

The Firm will be paid at these hourly rates:

     Michaela Cassidy, principal           $375
     Diane LaBelle, analyst                $175
     Sarah Ketchu, analyst                 $100

The Firm will also be reimbursed for reasonable out-of-pocket
expenses incurred.

Randy Sugarman, principal of Sugarman and Company LLP, 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 estates.

The Firm may be reached at:

       Randy Sugarman
       Sugarman and Company LLP
       500 Sansome Street, Suite # 600
       San Francisco CA 94111
       Tel: 415-395-7500
       E-mail: rsugarman@sugarman-company.com
  
                       About Yellow Cab Cooperative



Yellow Cab Cooperative, Inc., provides taxicab
transportation
services in the San Francisco, California area. In
San Francisco, taxicab "color schemes" are licensed by the County
of San Francisco to provide services to taxi medallion owners,
which color schemes and medallion holders operate in a highly
regulated environment.  



Yellow Cab is a non-profit cooperative service company
that
provides an operating base for approximately 400 San
Francisco taxi medallions (or permits), operating on a cooperative
basis. Yellow Cab supports approximately 1,000 medallion owners and
lessee drivers in their individual taxi operations, and separately
employs approximately 60 persons to provide those support services.
Yellow Cab currently supports approximately one-third of the total
medallions operating in San Francisco.



Yellow Cab Cooperative filed a Chapter 11 petition (Bankr.
N.D.
Cal. Case No. 16-30063) on Jan. 22, 2016. The petition was
signed by Pamela Martinez, president.  The case is assigned to
Judge Dennis Montali.



The Debtor estimated assets of $1 million to $10 million, and debts
of $10 million to $50 million.



The Debtor has tapped Farella Braun and Martel LLP as its
legal
counsel.



The U.S. Trustee for Region 17 on March 3 appointed five
creditors of Yellow Cab Cooperative, Inc., to serve on the official
committee of unsecured creditors. The Committee is represented by
John D. Fiero, Esq., and Jason H. Rosell, Esq., at Pachulski Stang
Ziehl & Jones LLP, in San Francisco, California.



[^] Recent Small-Dollar & Individual Chapter 11 Filings
-------------------------------------------------------
In re Victor Lamarr James
   Bankr. C.D. Cal. Case No. 16-14957
      Chapter 11 Petition filed December 5, 2016
         represented by: Andrew Moher, Esq.
                         LAW OFFICE OF ANDREW A MOHER
                         E-mail: amoher@moherlaw.com

In re Raven Estates, LLC
   Bankr. C.D. Cal. Case No. 16-14961
      Chapter 11 Petition filed December 5, 2016
         See http://bankrupt.com/misc/cacb16-14961.pdf
         represented by: Andrew Phan, Esq.
                         THE BANKRUPTCY GROUP, P.C.
                         E-mail: aphan@asset-protector.com

In re Boris Irwin Sallus and Sandra Lewise Sallus
   Bankr. C.D. Cal. Case No. 16-25956
      Chapter 11 Petition filed December 5, 2016
         represented by: Peter T Steinberg, Esq.
                         STEINBERG NUTTER AND BRENT
                         E-mail: mr.aloha@sbcglobal.net

In re Style Xpress Stores, Company
   Bankr. M.D. Fla. Case No. 16-10365
      Chapter 11 Petition filed December 5, 2016
         See http://bankrupt.com/misc/flmb16-10365.pdf
         represented by: Kristina E. Feher, Esq.
                THE LAW OFFICE OF ROBERT ECKARD AND ASSOCIATES, PA
                         E-mail: kristina@roberteckardlaw.com

In re LAPS Enterprises USA, LLC
   Bankr. S.D. Fla. Case No. 16-26152
      Chapter 11 Petition filed December 5, 2016
         See http://bankrupt.com/misc/flsb16-26152.pdf
         represented by: David L. Merrill, Esq.
                         MERRILL PA
                         E-mail: dlmerrill@merrillpa.com

In re Dennis F. Rosebrough and Mary Beth Rosebrough
   Bankr. S.D. Fla. Case No. 16-26184
      Chapter 11 Petition filed December 5, 2016
         represented by: Eric A Rosen, Esq.
                         FOWLER WHITE BURNETT, P.A.
                         E-mail: erosen@fowler-white.com

In re James Alvin Bruce
   Bankr. S.D. Miss. Case No. 16-03926
      Chapter 11 Petition filed December 5, 2016
         represented by: Craig M. Geno, Esq.
                         LAW OFFICES OF CRAIG M. GENO, PLLC
                         E-mail: cmgeno@cmgenolaw.com

In re Jerry E. Harpole and Deborah L. Harpole
   Bankr. D.N.M. Case No. 16-13010
      Chapter 11 Petition filed December 5, 2016
         represented by: Russell C. Lowe, Esq.
                         E-mail: rustylowe462@gmail.com

In re 2166 Dean LLC
   Bankr. E.D.N.Y. Case No. 16-45475
      Chapter 11 Petition filed December 5, 2016
         See http://bankrupt.com/misc/nyeb16-45475.pdf
         Filed Pro Se

In re Blyss Consulting Group Inc.
   Bankr. S.D.N.Y. Case No. 16-13384
      Chapter 11 Petition filed December 5, 2016
         See http://bankrupt.com/misc/nysb16-13384.pdf
         represented by: Eric H. Horn, Esq.
                         VOGEL BACH & HORN, LLP
                         E-mail: ehorn@vogelbachpc.com

In re Curtis L. Marsh
   Bankr. E.D. Tex. Case No. 16-42206
      Chapter 11 Petition filed December 5, 2016
         represented by: Christopher J. Moser, Esq.
                         QUILLING SELANDER LOWNDS WINSLETT MOSER
                         E-mail: cmoser@qslwm.com

In re Darrell James Bartels
   Bankr. N.D. Tex. Case No. 16-20345
      Chapter 11 Petition filed December 5, 2016
         represented by: David R. Langston, Esq.
                         MULLIN, HOARD & BROWN
                         E-mail: drl@mhba.com

In re Felicia U. Barrs
   Bankr. N.D. Tex. Case No. 16-34663
      Chapter 11 Petition filed December 5, 2016
         represented by: Kevin S. Wiley, Jr., Esq.
                         THE WILEY LAW GROUP, PLLC
                         E-mail: kevinwiley@lkswjr.com

In re Eat Gator, LLC
   Bankr. N.D. Tex. Case No. 16-34698
      Chapter 11 Petition filed December 5, 2016
         See http://bankrupt.com/misc/txnb16-34698.pdf
         represented by: Joyce W. Lindauer, Esq.
                         JOYCE W. LINDAUER ATTORNEY, PLLC
                         E-mail: joyce@joycelindauer.com

In re Van Hunter Magee
   Bankr. N.D. Tex. Case No. 16-44708
      Chapter 11 Petition filed December 5, 2016
         represented by: Christopher J. Moser, Esq.
                         QUILLINGSELANDER LOWNDS WINSLETT & MOSER
                         E-mail: cmoser@qslwm.com

In re Maria Magdalena Sanchez
   Bankr. S.D. Tex. Case No. 16-70518
      Chapter 11 Petition filed December 5, 2016
         represented by: Antonio Martinez, Jr., Esq.
                         E-mail: martinez.tony.jr@gmail.com

In re Rock Allan Petrick and The Bowra Group Inc.
   Bankr. W.D. Wash. Case No. 16-44942
      Chapter 11 Petition filed December 5, 2016
         See http://bankrupt.com/misc/wawb16-44942.pdf
         Filed Pro Se

In re Southern Tan, Inc.
   Bankr. D. Kan. Case No. 16-22397
      Chapter 11 Petition filed December 6, 2016
         See http://bankrupt.com/misc/ksb16-23397.pdf
         represented by: Colin N. Gotham, Esq.
                         EVANS & MULLINIX, P.A.
                         E-mail: Cgotham@emlawkc.com

In re Euro Restaurant Holdings LLC
   Bankr. D. Mass. Case No. 16-14632
      Chapter 11 Petition filed December 6, 2016
         See http://bankrupt.com/misc/mab16-14632.pdf
         Filed Pro Se

In re Flow Properties LLC
   Bankr. E.D.N.Y. Case No. 16-75643
      Chapter 11 Petition filed December 6, 2016
         See http://bankrupt.com/misc/nyeb16-75643.pdf
         Filed Pro Se

In re 76 Chestnut Street, LLC
   Bankr. S.D.N.Y. Case No. 16-23676
      Chapter 11 Petition filed December 6, 2016
         See http://bankrupt.com/misc/nysb16-23676.pdf
         represented by: Arlene Gordon-Oliver, Esq.
                         ARLENE GORDON-OLIVER & ASSOCIATES, PLLC
                         E-mail: ago@gordonoliverlaw.com

In re Benny Boruch Bobker
   Bankr. S.D.N.Y. Case No. 16-23681
      Chapter 11 Petition filed December 6, 2016
         represented by: Anne J. Penachio, Esq.
                         PENACHIO MALARA LLP
                         E-mail: apenachio@pmlawllp.com

In re Eli Mordechai Bobker
   Bankr. S.D.N.Y. Case No. 16-23682
      Chapter 11 Petition filed December 6, 2016
         represented by: Anne J. Penachio, Esq.
                         PENACHIO MALARA LLP
                         E-mail: apenachio@pmlawllp.com

In re Arye Joseph Bobker
   Bankr. S.D.N.Y. Case No. 16-23683
      Chapter 11 Petition filed December 6, 2016
         represented by: Anne J. Penachio, Esq.
                         PENACHIO MALARA LLP
                         E-mail: apenachio@pmlawllp.com

In re John Kevin Kilpatrick and Sharon E. Kilpatrick
   Bankr. N.D. Tex. Case No. 16-44760
      Chapter 11 Petition filed December 6, 2016
         represented by: Christopher J. Moser, Esq.
                         QUILLINGSELANDER LOWNDS WINSLETT & MOSER
                         E-mail: cmoser@qslwm.com

In re TLA Holding, LLC
   Bankr. W.D. Tex. Case No. 16-11448
      Chapter 11 Petition filed December 6, 2016
         See http://bankrupt.com/misc/txwb16-11448.pdf
         represented by: Frank B. Lyon, Esq.
                         E-mail: franklyon@me.com

In re Isela Corral Cowen
   Bankr. S.D. Cal. Case No. 16-07446
      Chapter 11 Petition filed December 7, 2016
         represented by: Ahren Tiller, Esq.
                         BANKRUPTCY LAW CENTER
                         E-mail: atiller@blc-sd.com

In re Buffalo Restaurant Group, LTD
   Bankr. W.D.N.Y. Case No. 16-12427
      Chapter 11 Petition filed December 7, 2016
         See http://bankrupt.com/misc/nywb16-12427.pdf
         represented by: James M. Joyce, Esq.
                         E-mail: jmjoyce@lawyer.com

In re MaryAnne Applegate
   Bankr. E.D. Pa. Case No. 16-18467
      Chapter 11 Petition filed December 7, 2016
         represented by: David A. Kasen, Esq.
                         KASEN & KASEN
                         E-mail: dkasen@kasenlaw.com

In re 8164 Overton
   Bankr. D. Utah Case No. 16-30791
      Chapter 11 Petition filed December 7, 2016
         See http://bankrupt.com/misc/utb16-30791.pdf
         represented by: Eric C. Singleton, Esq.
                         THE SINGLETON GROUP, PLLC
                         E-mail: eric@thesingletongroup.com

In re Roy Wells
   Bankr. D. Ariz. Case No. 16-13936
      Chapter 11 Petition filed December 8, 2016
         represented by: Thomas H. Allen, Esq.
                         ALLEN BARNES & JONES, PLC
                         E-mail: tallen@allenbarneslaw.com

In re Management Fitness Associates, LLC
   Bankr. D.N.J. Case No. 16-33395
      Chapter 11 Petition filed December 8, 2016
         See http://bankrupt.com/misc/njb16-33395.pdf
         represented by: Brian W. Hofmeister, Esq.
                         LAW FIRM OF BRIAN W. HOFMEISTER, LLC
                         E-mail: bwh@hofmeisterfirm.com

In re Justina Ascencio
   Bankr. D. Nev. Case No. 16-16509
      Chapter 11 Petition filed December 8, 2016
         represented by: Gina M. Corena, Esq.
                         LAW OFFICE OF GINA M. CORENA, ESQ.
                         E-mail: gina@lawofficecorena.com

In re Yuriy Alehandrovich Ivanin
   Bankr. E.D.N.Y. Case No. 16-45544
      Chapter 11 Petition filed December 8, 2016
         See http://bankrupt.com/misc/nyeb16-45554.pdf
         represented by: Alla Kachan, Esq.
                         E-mail: alla@kachanlaw.com

In re Esmie Realty Group, LLC
   Bankr. E.D.N.Y. Case No. 16-45554
      Chapter 11 Petition filed December 8, 2016
         Filed Pro Se

In re Keith Hills and Diane Hills
   Bankr. S.D.N.Y. Case No. 16-37081
      Chapter 11 Petition filed December 8, 2016
         represented by: Allen A. Kolber, Esq.
                         LAW OFFICES OF ALLEN A. KOLBER, ESQ.
                         E-mail: akolber@kolberlegal.com


                            *********

Monday's edition of the TCR delivers a list of indicative prices
for bond issues that reportedly trade well below par.  Prices are
obtained by TCR editors from a variety of outside sources during
the prior week we think are reliable.  Those sources may not,
however, be complete or accurate.  The Monday Bond Pricing table
is compiled on the Friday prior to publication.  Prices reported
are not intended to reflect actual trades.  Prices for actual
trades are probably different.  Our objective is to share
information, not make markets in publicly traded securities.
Nothing in the TCR constitutes an offer or solicitation to buy or
sell any security of any kind.  It is likely that some entity
affiliated with a TCR editor holds some position in the issuers
public debt and equity securities about which we report.

Each Tuesday edition of the TCR contains a list of companies with
insolvent balance sheets whose shares trade higher than $3 per
share in public markets.  At first glance, this list may look like
the definitive compilation of stocks that are ideal to sell short.
Don't be fooled.  Assets, for example, reported at historical cost
net of depreciation may understate the true value of a firm's
assets.  A company may establish reserves on its balance sheet for
liabilities that may never materialize.  The prices at which
equity securities trade in public market are determined by more
than a balance sheet solvency test.

On Thursdays, the TCR delivers a list of recently filed
Chapter 11 cases involving less than $1,000,000 in assets and
liabilities delivered to nation's bankruptcy courts.  The list
includes links to freely downloadable images of these small-dollar
petitions in Acrobat PDF format.

Each Friday's edition of the TCR includes a review about a book of
interest to troubled company professionals.  All titles are
available at your local bookstore or through Amazon.com.  Go to
http://www.bankrupt.com/books/to order any title today.

Monthly Operating Reports are summarized in every Saturday edition
of the TCR.

The Sunday TCR delivers securitization rating news from the week
then-ending.

TCR subscribers have free access to our on-line news archive.
Point your Web browser to http://TCRresources.bankrupt.com/and use
the e-mail address to which your TCR is delivered to login.

                            *********

S U B S C R I P T I O N   I N F O R M A T I O N

Troubled Company Reporter is a daily newsletter co-published
by Bankruptcy Creditors Service, Inc., Fairless Hills,
Pennsylvania, USA, and Beard Group, Inc., Washington, D.C., USA.  
Jhonas Dampog, Marites Claro, Joy Agravante, Rousel Elaine
Tumanda, Valerie Udtuhan, Howard C. Tolentino, Carmel Paderog,
Meriam Fernandez, Joel Anthony G. Lopez, Cecil R. Villacampa,
Sheryl Joy P. Olano, Psyche A. Castillon, Ivy B. Magdadaro, Carlo
Fernandez, Christopher G. Patalinghug, and Peter A. Chapman,
Editors.

Copyright 2016.  All rights reserved.  ISSN: 1520-9474.

This material is copyrighted and any commercial use, resale or
publication in any form (including e-mail forwarding, electronic
re-mailing and photocopying) is strictly prohibited without prior
written permission of the publishers.  Information contained
herein is obtained from sources believed to be reliable, but is
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The TCR subscription rate is $975 for 6 months delivered via
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are $25 each.  For subscription information, contact Peter A.
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                   *** End of Transmission ***