TCR_Public/161219.mbx          T R O U B L E D   C O M P A N Y   R E P O R T E R

              Monday, December 19, 2016, Vol. 20, No. 353

                            Headlines

ADAMS OUTDOOR: Fitch Affirms 'BBsf' Rating on Class C Notes
ADM VENDING: New Ch. 11 Plan Proposes 0% Recovery for Unsecureds
AES CORPORATION: Fitch Affirms 'BB-' IDR; Outlook Negative
AGFEED INDUSTRIES: Investors' Proofs of Claim Due March 31
ALASKA AIR: S&P Lowers CCR to 'BB+', Off CreditWatch Negative

AMERICAN COMMERCE: Rescinds Best Way Auto Acquisition
AMERICAN INT'L GROUP: Supreme Court Denies Greenberg's Appeal
ANTHONY DARREL MOSLEY: Unsecureds To Get $27,920 in 60 Months
APMETRIX INC: Case Summary & 20 Largest Unsecured Creditors
ARR MEDICAL: Unsecureds To Recoup 20% Over Five Years

ASOCIACION DE PROPIETARIOS: Unsecured Creditors To Recoup 17.55%
AUTHENTIDATE HOLDING: Adopts Amended By-laws
AUTUMN COVE: Seeks Authorization to Use COMM 2014-LC17 Cash
BARTON PROPERTIES: Case Summary & 4 Unsecured Creditors
BEAR CREEK: Can Continue Use of DOF IV REIT Cash Collateral

BLAIR A. HILLMAN: U.S. Trustee Forms 3-Member Committee
BLANCA PERALTA: Creditor Opposes Approval of Exit Plan
CABALLO2015 LLC: Secured Creditors To Be Paid in 60 Months
CALVIN LARON FORD: Disclosures Okayed, Plan Hearing on Feb. 9
CAMBRIDGE ACADEMY: Fitch Affirms 'BB-' Rating on $7.2MM Bonds

CARLOS ROBLES TILE: Unsecureds To Recoup 5% in 60 Months
CASTLE KEY: A.M. Best Affirms B-(Fair) Fin. Strength Rating
CEQUEL COMMUNICATIONS: Moody's Affirms B3 Corporate Family Rating
CHOXI.COM INC: Lucy Thomson Named Consumer Privacy Ombudsman
CHOXI.COM INC: U.S. Trustee Forms 3-Member Committee

CHRISTOPHER CONNOLLY: Hearing on Plan Outline Set for Jan. 18
CLAIRE'S STORES: Posts $150.5 Million Net Income for Third Quarter
CLINT ROSS: Jan. 5 Disclosure Statement Hearing
COMSTOCK RESOURCES: Gets $26.7M From Texas Properties Divestiture
CONDUENT INC: S&P Raises Rating on Sr. Secured Debt to 'BB+'

CONSOLIDATED COMMUNICATIONS: Moody's Rates New $935MM Loan 'Ba3'
CONTROL COMMUNICATIONS: Plan Confirmation Hearing Set for Jan. 18
COSI INC: Court Approves Procedures for Transfers of Common Stock
CUMULUS MEDIA: Files Sues JPMorgan Over Refinancing Plan
CUMULUS MEDIA: Launches Private Exchange Offer for 7.75% Sr. Notes

CUPEYVILLE SCHOOL: Plan Confirmation Hearing Set for Jan. 11
DEBORAH VINSON: Merses Buying New Orleans Property for $1.9 Million
DIRECT GENERAL: A.M. Best B Fin. Strength Rating Still Under Review
DOOLEY'S WATER: Unsecureds To Be Paid $18,000 Over 3 Years
DRAFT BARS: Voluntary Chapter 11 Case Summary

ELEPHANT TALK: Amends $20 Million Securities Prospectus with SEC
ELIZARDO CRUZ: Court Conditionally Approves Disclosure Statement
EMBLEMHEALTH INC: A.M. Best Cuts Subsidiaries' ICRs to 'bb'
EMERITO ESTRADA: Case Summary & 20 Largest Unsecured Creditors
EXCELLENCE HOLDING: Wants to Use A&D Mortgage Cash Collateral

FIDELITY NATIONAL: Fitch Puts BB+ Unsec. Debt Rating on Pos. Watch
FIRST ACCEPTANCE: A.M. Best Cuts FSR to C++(Marginal)
FIRST PENTECOSTAL: Seeks Authorization to Use Cash Collateral
FRANCIS VOLLRATH: Disclosures Okayed, Plan Hearing on Jan. 31
GELTECH SOLUTIONS: Issues $200,000 Convertible Note to President

GEMMA CALLISTE: Unsecureds To Be Paid $20,000 Per Month
GEORGE RETOS: Pa. DOR Tries To Block Disclosures OK
GEORGE RETOS: School District Objects to Disclosure Statement
GLOYD GREEN: Brighton Future Buying Midway Cabin Lot for $49K
GLOYD GREEN: West Buying Gun Collection for $12K

GOLDEN INSURANCE: A.M. Best Alters Outlook on 'B' FSR to Neg.
GOLDEN MARINA: Unsecureds To Get 100% in 30 Days of Effectivity
GRADE-CO LLC: Latest Plan to Pay $20K to Unsecureds in 60 Days
GRANVILLE BRINKMAN: Files Amended Chapter 11 Exit Plan
GREGORY JOHN PRATT: Plan Confirmation Hearing on Feb. 7

GULFPORT ENERGY: Moody's Assigns B2 Rating on $600 Million Notes
GULFPORT ENERGY: S&P Affirms 'B+' CCR & Revises Outlook to Pos.
GURKARN DIAMOND: Can Use Cash Collateral on Interim Basis
HIREN PATEL: Midsouth Objects to Disclosure Statement
III EXPLORATION: Seeks Feb. 28 Plan Filing Period Extension

INC RESEARCH: S&P Raises CCR to 'BB+' on Competitive Position
INTEGRITY MILLWORK: U.S. Trustee Unable to Appoint Committee
INTER123 CORP: Plan Confirmation Hearing Set for Feb. 21
INTERMARK INC: Feb. 10 Disclosure Statement Hearing
INTERNATIONAL SHIPHOLDING: Have Until Feb. 27 to File Ch. 11 Plan

J. G. SOLIS: Siemens Financial Objects to Disclosure Statement
J.B.B. ENTERPRISES: Seeks Conditional Approval of Plan
JAMES BRIAN CARROLL: Jan. 12 Plan Confirmation Hearing
JOEL G. SOLIS: Siemens Financial Objects to Disclosure Statement
JOHN COLARENI: Junkerses Buying Ramsey Property for $1.6 Million

JOHN SCALI SR: Latest Plan to Pay Unsecureds Within 60 Days
JWD ASSOCIATES: Creditors To Be Paid Through Sale of Property
KANE CLINICS: Case Summary & 8 Unsecured Creditors
KDA GROUP: Hertz Asks Court To Deny Disclosure Statement
LAST CALL: Court Extends Exclusive Plan Filing Period to March 8

LEWIS HEALTH: Wants Until March 27 to File Reorganization Plan
LIFELINE SLEEP: U.S. Trustee Unable to Appoint Committee
LIQUIDMETAL TECHNOLOGIES: Largest Shareholder Takes CEO Role
MABLETON LLC: Disclosure Statement Hearing Set for Jan. 9
MACELLERIA RESTAURANT: Plan Confirmation Hearing Set for Jan. 19

MADISON CONSTRUCTION: Case Summary & 20 Top Unsecured Creditors
MANUEL A. NOYA: Disclosure Statement Hearing on Jan. 23
MARILYN DEREGGI: 8.3% Recovery for Unsecured Creditors
MARINA BIOTECH: Isarna CEO Named to Join Board of Directors
MARINA BIOTECH: Removes Interim Tag on Ramelli as CEO

MARINA BIOTECH: Squar Milner Replaces Wolf & Co. as Accountants
MARION AVENUE: Morales PI Claim To Be Paid From Insurance
MARITIME COMMUNICATIONS: PTC-220 Buying MCLM License for $1.95M
MELODY GOOD GIRL: Voluntary Chapter 11 Case Summary
MESOBLAST LIMITED: Welcomes Passage of 21st Century Cures Act

MYPLAY DIRECT: Court Extends Plan Filing Period to March 23
NEOVASC INC: Closes $75 Million Agreement with Boston Scientific
NFP CORP: S&P Raises Rating on 1st Lien Secured Debt to 'B+'
NINETY FIFTH: Involuntary Chapter 11 Case Summary
NORTH CENTRAL FLORIDA YMCA: Case Summary & 20 Top Unsec. Creditors

NOVA DIRECTIONAL: Jan. 4 Plan Confirmation Hearing
NUCLEA BIOTECHNOLOGIES: HGP to Auction Assets on Jan. 18
OCWEN LOAN: Fitch Assigns 'CCC' Rating on New $350MM Sec. Notes
OMINTO INC: Acquires 40% of Animation Firm, Lani Pixels A/S
ONTARIO CENTURY: Jan 26 Auction of Chicago Commercial Unit Approved

OPEN TEXT: Moody's Confirms Ba1 Corporate Family Rating
OPTIMA SPECIALTY: Moody's Withdraws Caa1 Corporate Family Rating
OVERTON & OGBURN: Plan Filing Period Extended to March 27
PETERSBURG, VA: S&P Removes 'BB' Rating on GO Debt from Watch Neg.
PRATT WELL: Has Until Jan. 27 to File Reorganization Plan

PRE-PAID LEGAL: Moody's Affirms B1 Corporate Family Rating
RANCHO REAL: Hires Juan Bigas as Bankruptcy Counsel
REALTY & SERVICES: Case Summary & 5 Unsecured Creditors
REGIONS FINANCIAL: DBRS Hikes Preferred Stock Rating to BB
RIDGE MANOR: U.S. Trustee Unable to Appoint Committee

RITA RESTAURANT: Court Allows Cash Use on Interim Basis
RMPC HABILITATIVE: Disclosures Okayed, Plan Hearing on Jan. 18
ROBERT GAUG: Unsecureds To Recoup 36% Under Amended Plan
S-3 PUMP SERVICE: Pump Secured Claims To Get 100% in 5Yrs, at 6%
SALDIVAR HOME: Hires Dean Greer as Bankruptcy Counsel

SAMWIN LLC: Plan Disclosures Hearing on Jan. 5
SANTA ROSA ANIMAL: U.S. Trustee Unable to Appoint Committee
SCOUT MEDIA: U.S. Trustee Forms 5-Member Committee
SEARS HOLDINGS: Alesia Haas Quits as Director
SEARS HOLDINGS: S&P Affirms 'CCC+' CCR; Outlook Remains Negative

SILAS METRO: Voluntary Chapter 11 Case Summary
SITEL WORLDWIDE: S&P Lowers CCR to 'B-' on Weak Free Cash Flow
SK DENTAL: Voluntary Chapter 11 Case Summary
SL GREEN: Fitch Affirms 'BB' Rating on Perpetual Preferred Stock
SLAYTON FAMILY: Court Allows Cash Collateral Use on Final Basis

STEPPING STONES: Jan. 10 Disclosure Statement Hearing
STONE ENERGY: Files for Bankruptcy Protection to Reduce Debt
STRINGER FARMS: Case Summary & 4 Unsecured Creditors
STUART ROBERT HANSEN: Jan. 23 Plan Confirmation Hearing
SUN PROPERTY: Wants Plan Filing Period Extended to July 12

SUNOCO LP: Moody's Cuts Corporate Family Rating to Ba3
TALL CITY WELL: Siemens Financial Objects to Disclosure Statement
TAMPA HYDE PARK: Taps Leon Williamson as Counsel
TCR III: PCO Reviews Virginia Assets Buyer's Application
TEMPLE SQUARE: U.S. Trustee Unable to Appoint Committee

TESORO CORPORATION: Moody's Rates $1.6BB Unsec. Notes 'Ba2'
TI FLUID: S&P Lowers Rating on Senior Secured Debt to 'BB-'
TLC HEALTH NETWORK: Court Allows Continued Cash Collateral Use
TOWN & COUNTRY: Hires Miller & Miller as Attorneys
TREND COMPANIES: Unsecureds To Get $75,000 in Five Years

TRI-VALLEY LEARNING: Hires Pachulski Stang as Counsel
TUSCANY ENERGY: Court OKs Continued Use of Cash Collateral
TWENTYEIGHTY INC: Moody's Cuts Corporate Family Rating to Ca
ULTRA PETROLEUM: Unsecureds To Be Paid in Full in 6 Months
UNITED AUTOMOBILE: A.M. Best Lowers Issuer Credit Rating to 'ccc'

US STEEL: Enters Into Plan Sponsor Agreement with Bedrock
VELOCITY MERGER: Loan Upsize No Impacton Moody's B3 CFR
VEREIT OPERATING: Moody's Affirms Ba1 Senior Unsecured Rating
VERNUS GROUP: Disclosures Okayed, Plan Hearing on Jan. 11
VESCO CONSULTING: Hires Kevin Neiman as Bankruptcy Counsel

VIOLIN MEMORY: Dec. 27 Meeting Set to Form Creditors' Panel
VISKASE COMPANIES: Moody's Cuts Corporate Family Rating to B3
WRAP MEDIA: Dec. 20 Meeting Set to Form Creditors' Panel
YRC WORLDWIDE: Marc Lasry Reports 9.6% Equity Stake as of Dec. 12
[*] S&P Raises 6 and Lowers 4 Issue Ratings in US Autos Sector

[*] S&P Raises 9 Issue Ratings in US Technology Hardware Sector
[*] S&P Revises 11 Ratings in US Media and Entertainment Sector
[*] S&P Revises 34 Issue Ratings in US Consumer Product Sector
[*] Vinson & Elkins Names Eight New Partners

                            *********

ADAMS OUTDOOR: Fitch Affirms 'BBsf' Rating on Class C Notes
-----------------------------------------------------------
Fitch Ratings has affirmed four classes of Adams Outdoor
Advertising Limited Partnership (LP) Secured Billboard Revenue
Notes Series 2014-1.

The transaction represents a securitization in the form of notes
backed by over 11,000 available outdoor advertising faces and other
advertising displays as of September 2016.  The ratings reflect a
structured finance analysis of the cash flows from advertising
structures, not an assessment of the corporate default risk of the
ultimate parent, Adams Outdoor Advertising (AOA).  The transaction
was structured with an upsize provision that allows classes A-1, B
and C to increase to their maximum class amount indicated at
issuance based on various factors including cash flow growth.  AOA
elected to upsize the transaction to the maximum class amount in
2015.

                         KEY RATING DRIVERS

Improved Cash Flow and Leverage: Fitch's net cash flow (NCF) for
the pool is $62.4 million as of November 2016, implying a Fitch
stressed debt service coverage ratio (DSCR) of 1.53x.  The debt
multiple relative to Fitch's NCF is 7.2x, which equates to a debt
yield of 13.9%.

High Barriers to Entry: AOA faces limited competition in its market
as result of the billboard permitting process and significant
federal, state and local regulations that limit supply and prohibit
new billboards.

Notes Not Secured by Mortgages: The security interest is perfected
by a pledge of the membership interests of the issuer and its
subsidiaries and the filing of financing statements under the
Uniform Commercial Code (UCC).  The issuer filed UCCs on the
permits and the advertising contracts.  The security interest in
the equity of the issuer provides the noteholders with the ability
to foreclose on the issuer in an event of default.  The lack of
mortgages is mitigated in this transaction as the value of
billboard assets is heavily dependent on non-mortgageable permits
and licenses, which have been secured by UCC filings.

Issuance of Additional Notes: In addition to the upsize provision,
AOA has the ability to issue additional notes in the future.
However, additional issuance is subject to the following
conditions, among others: if additional billboard assets are being
contributed to the trust, the pro forma interest-only (IO) DSCR
after such issuance is not less than the IO DSCR before issuance
and ratings confirmation is obtained; and if no additional
billboard assets are being contributed to the trust, the pro forma
IO DSCR after such issuance is not less than 2.25x.  As Fitch
monitors the transaction, the possibility of upgrades may be
limited due to the provision that allows additional notes.

There was a variance from Fitch's 'Criteria for Analyzing Large
Loans in CMBS' related to the stressed refinance constant and
rating specific DSCR parameters.  The constant used is outside
Fitch's published refinance constant range for 'Other' property
types; however, the constant utilized reflects AOA's dominant
industry position in its respective markets, barriers to entry and
experienced management.  The DSCR attachment points used to
determine the class sizes were derived from Fitch's large loan
criteria, reflecting retail attachment points with an adjustment
for nonmortgage collateral.

                         RATING SENSITIVITIES

The Rating Outlook for all classes remains Stable.  Fitch does not
foresee positive or negative ratings migration until a material
economic or asset-level event changes the transaction's
portfolio-level metrics.  Upgrades may be limited due to the
provision allowing the issuance of additional notes.

Fitch has affirmed these ratings:

   -- $323.7 million class A-1 at 'Asf'; Outlook Stable;
   -- $16.7 million class A-X at 'Asf'; Outlook Stable;
   -- $60 million class B at 'BBBsf'; Outlook Stable;
   -- $50 million class C at 'BBsf'; Outlook Stable.


ADM VENDING: New Ch. 11 Plan Proposes 0% Recovery for Unsecureds
----------------------------------------------------------------
ADM Vending, Inc., filed with the U.S. Bankruptcy Court for the
District of New Hampshire its proposed plan to exit Chapter 11
protection.

Under the restructuring plan, ADM Vending estimates the total
claims of Class 6 general unsecured creditors at $1,126,874.03.
The dividend projected to be paid on account of allowed Class 6
claims is 0 %.

Meanwhile, no dividends will be paid to NBT Bank's Class 1 secured
claims, which will foreclose its liens on ADM Vending's personal
property in exchange for the carve-out.

ADM Vending expects the NBT carve-out to generate approximately
$3,125 or 12.5% of $30,000 for distribution to creditors holding
allowed claims.  Approximately $2,468.75 or 12.5% of $19,750 has
already been earned by ADM Vending assuming that NBT approves sales
negotiated by the company, according to the disclosure statement
filed on Nov.

A copy of ADM Vending's disclosure statement and claim summary is
available for free at:

     http://bankrupt.com/misc/ADMVending_DS11292016.pdf
     http://bankrupt.com/misc/ADMVending_ClaimSummary.pdf

ADM Vending on September 16 filed a plan of reorganization that
proposed a 35% projected dividend for general unsecured claims, and
a 100% projected recovery for secured creditors.  The company
withdrew the plan as a result of the loss of its largest customers
and entered into a stipulation for relief from the automatic stay
with NBT in exchange for the carve-out.

                    About ADM Vending Inc.

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


AES CORPORATION: Fitch Affirms 'BB-' IDR; Outlook Negative
----------------------------------------------------------
Fitch Ratings has affirmed the 'BB-' Long-Term Issuer Default
Ratings of the AES Corporation, 'BB+' IDR of IPALCO Enterprises,
Inc. and 'BBB-' IDR of Indianapolis Power & Light, all with a
Stable Outlook.  Fitch has also affirmed the 'B+' IDR of DPL, Inc.
(DPL) and 'BB+' IDR of Dayton Power Light & Company (DP&L).  Rating
Outlooks for DPL and DP&L continue to be Negative.

                        KEY RATING DRIVERS

AES Corporation

Debt Reduction

AES continues to execute on its debt reduction goals.  In 2016, AES
repaid approximately $300 million recourse debt, exceeding its
initial target of $200 million for the year.  Since 2011, AES has
repaid approximately $1.8 billion or 28% of total recourse debt. As
a result, the Recourse Debt/Adjusted Parent-Only Cash Flow (APOCF)
metric has improved to 5x in last 12 months from 6x in 2011.  Over
the next three years, Fitch expects AES to make discretionary debt
repayment at a modest pace of approximately $100 million per year
in the next two years.

Growth in Cash Flows as Contracted Projects Reach Completion

New contracted projects coming on line in 2017 and 2018 are
expected to provide stable cash flows to AES.  Approximately 2,966
MW of new capacity additions have been completed year to Sept. 30,
2016. 10 MW will come online in the fourth quarter of 2016 (4Q16).
From 2017 to 2021, 4,773 MW of new capacity additions will be
completed.  In total, 7,739 MW will be in service from 2016 to
2021.  Completion of projects under construction is the primary
driver for management's estimate of 10% parent free cash flow
growth in 2017 and 2018.  Additionally, by 2020, these new projects
will extend the remaining average life of contracts to 10 years
from seven years.

Pruning of Portfolio

In June 2016, AES agreed to sell AES Sul, a distribution company in
Brazil for approximately $440 million, as the company has suffered
from declining demand and poor hydrology conditions while as higher
market purchased power prices cannot be passed through. AES has
received portion of the proceeds and the remaining will be
distributed to AES in 2017, after meeting the required notice
period for distributions.  Fitch views the sale as credit positive
as it reduces exposure to Brazil and provides liquidity for other
cash needs including debt reduction and growth projects.  Since
2011, AES has exited 11 countries, raising $4 billion in asset
sales proceeds including over $500 million in 2016 alone.  In 2015,
AES announced that it plans to sell $1 billion of assets in the
next few years.

Alto Maipo Completion Risk Manageable

In August 2016, AES's subsidiary AES Gener SA announced that its
Alto Maipo hydro project will likely experience a six-month delay
and could cost 10% to 20% over budget ($200 million to $400 million
and AES's indirect ownership is 40%) due to geological conditions
and issues in excavating the tunnel.  The delay will push the
in-service date to first half of 2019.  AES is currently in
negotiation with contractors and lenders to fund the additional
cost.  Negotiation is expected to conclude in 1Q17.  At this
juncture, Fitch believes that the issue is manageable primarily due
to AES's diversified investment portfolio.  Alto Maipo represents
11% of the remaining construction projects from 2017 to 2021.

Credit Metrics to Improve

Fitch expects AES's Recourse Debt/APOCF to decline to low-mid 4x in
2018 from 5x in 2016, primarily driven by completion of new
projects, modest debt reduction and cost cutting.  The APOCF
interest coverage is expected to improve to mid-3x in 2018 from
high 2x in 2016.  These metrics are strong for the 'BB-' rating.
Fitch applies a deconsolidated approach when assigning AES's
ratings and Outlook due to its unique corporate profile and
structure as an investment holding company that owns a diverse
portfolio of regulated utilities and power generation assets.
Approximately 77% of AES's consolidated debt is non-recourse as of
Sept. 30, 2016.

Shareholder Focus Expected to Moderate

Given management's focus on achieving a stronger credit profile and
emphasis on reinvesting in the business, Fitch expects AES's share
repurchases to moderate.  AES purchased $79 million of equity in
2016, compared to an average of $338 million annually from 2011 to
2015.  AES has publicly expressed its intention to prioritize
spending on investments, debt repayments and dividends, instead of
share buybacks, which Fitch views favorably.  Fitch expects the
dividend to grow by 10% in 2017 and 2018, in line with the expected
growth rate of the parent free cash flow.

Sufficient Liquidity

AES has adequate liquidity.  As of Sept. 30, 2016, AES had $42
million of cash on hand and $519 million revolver availability at
the parent level after drawing down $181 million to prepay the 2017
senior notes which is expected to be paid down by year end 2016.
From 2012 to 2015, total cash on hand and revolver availabilities
averaged approximately $1.1 billion.

DPL Inc. and Dayton Power and Light

Regulatory Uncertainties Continue

In October 2016, DP&L filed an amended Electric Security Plan 3
(ESP 3) application supporting a $145 million annual Distribution
Modernization Rider (DMR) from 2017 to 2023.  The funds will be
used to pay interest and make discretionary debt payments at DP&L
and DPL, and allow DP&L to invest in T&D infrastructure
modernization projects.  An order is expected in the first quarter
of 2017.  Since ESP 2 was overturned by Ohio Supreme Court, DP&L
currently has no obligation to separate its generation from
transmission and distribution operations.  If DP&L proceeds with
the separation, it will require regulatory support to right-size
its capital structure over time to a more appropriate level for a
regulated utility.  At time of separation, DP&L's debt to
capitalization is expected to be approximately 75%.  Fitch
continues to believe that the Public Utilities Commission of Ohio
(PUCO) will likely authorize the amended ESP 3, albeit with a
shorter term than requested, given the approval of a similar DMR
for FirstEnergy in October 2016.

ESP 1 Provides Near Term Relief

PUCO's approval of DP&L's request to implement the rate
stabilization charge (RSC) from its first electric security plan
(ESP 1) mitigates negative rating pressure in the near term.  On
Aug. 26, 2016, the PUCO granted DP&L's request to withdraw ESP 2,
and revert to ESP 1 rates that had been previously approved and
that included a RSC of approximately $74 million per year (compared
to $110 million "service stability rider" (SSR) in ESP 2).  The
charge will stay effective until a new ESP is approved.

Rating Linkages

Fitch currently maintains a three-notch separation between the IDRs
of DPL and DP&L, driven by a regulatory enforced capital structure
for DP&L by the PUCO that requires the long term debt ratio to
maintain at 50%.  PUCO prohibits DP&L from guaranteeing or
extending credit to a nonregulated affiliate or DPL to facilitate
its divesture of generating assets.

Debt Refinancing Mitigates Liquidity Concerns

The recent refinancing of DP&L's first mortgage bonds mitigates
near term liquidity concerns amidst regulatory uncertainty.  On
Aug. 24, 2016, DP&L secured a $445 million term loan facility
maturing Aug. 24, 2022, and used the proceeds to repay the
$445 million 1.875% first mortgage bonds due on Sept. 15, 2016.
DPL's $57 million senior secured notes matured on October 15, 2016
and were redeemed with cash.  There are no maturities until DPL's
$200 million senior unsecured notes due in 2019.

AES Ownership Credit Neutral

DPL's IDR is not directly linked to the ratings of AES, due to weak
legal linkages.  AES has not extended any guarantees to DPL's
debtholders nor indicated commitment of any future liquidity
support to DPL, including equity infusions.  Fitch has assumed
future funding of DPL's capital needs will come from internally
generated FFO and access to debt markets.

Recovery Analysis

The debt instrument rating at DPL is notched above or below the IDR
as a result of the relative recovery prospects in a hypothetical
default scenario.  Fitch affirms the instrument rating for DPL
based on a recovery analysis.  Fitch values the power generation
assets using a net present value (NPV) analysis and the equity
value in DP&L is added to derive DPL's enterprise value for the
recovery analysis.  Fitch assigned a 'BB/RR2' rating to DPL's
senior secured revolving credit facility and term loan. The 'RR2'
rating reflects a two-notch differential from the 'B+' IDR and
indicates that Fitch estimates superior recovery of principal and
related interest of between 71% to 90%.  Fitch also assigned a
'BB-/RR3' rating to DPL's senior unsecured notes, reflecting a
one-notch differential from the 'B+' IDR, implying good recovery of
principal and related interest of between 51% to 70%.

Indianapolis Power Light Company (IPL) and IPALCO

Constructive Rate Case Outcome

Fitch views favourably the approval of IPL's electric rate case. In
March 2016, IPL received the regulatory approval for its first
electric rate case since late 90s which allows for annual revenue
requirement increase of $30.8 million with an ROE of 9.85%.  The
order also, among other things, authorized IPL to collect
$117.7 million of previously deferred regulatory assets related to
IPL's participation in MISO over 10 years.  Rates became effective
in April 2016.  Fitch believes IPL will file another rate case by
year end 2016 to recover environmental and replacement generation
capex including the Eagle Valley combined cycle gas turbine (CCGT)
power plant which is expected to be in service in the first half of
2017.  The project was pre-approved by the utility commission in
2014 and is estimated to cost approximately $590 million.

Declining Capex

By end of 2016, IPL will complete a large capex program to retrofit
most of its economical coal-fired electricity generation units with
the new emission control equipment and to build the CCGT at Eagle
Valley as a replacement for its retiring generating capacity.  In
the next five years, capex is expected to total
$1.5 billion or $300 million per year, compared with $658 million
annually from 2015 to 2016.  Out of the $1.5 billion, $300 million
will be spent in environmental capex, $400 million in growth capex
including $150 million in programs eligible for the Transmission,
Distribution and Storage System Improvement Charge (TDSIC), and
$800 million in maintenance capex.

Cleaner Generation

IPL's generation fuel source diversity has substantially improved
in the last 10 years through new build and retirements.  In 2007,
79% of its generation capacity was from coal, 14% natural gas and
7% oil.  By 2017, IPL's generation capacity will include
approximately 44% of coal, 45% natural gas, 10% wind and solar and
1% oil.

Strong Equity Sponsor

Fitch views positively CDPQ's (Caisse de depot et placement du
Quebec) ownership of IPALCO.  CDPQ is a Canadian institutional
investor with a long term buy-and-hold investment philosophy with a
strong credit profile.  The ownership helped alleviate debt
financing needs partially during the heavy capex cycle.  In April
2015, IPALCO received an equity capital contribution of
$214.4 million from CDPQ to invest in the capex program.  CDPQ made
an additional $148.2 million contribution in 2016,
$134.3 million of which increased CDPQ's direct and indirect
ownership to 30% from 15%.

Supportive Regulations

IPL benefits from the stable regulatory environment in Indiana. IPL
has minimal commodity price exposure due to a regulatory
pass-through mechanism that allows the utility to recover fuel and
purchased power costs on a timely basis.  Legislative measures
exist for IPL to recover environmental compliance related
investments in a timely manner.  Even with the installation of new
emission controls, the long-term policy challenges to coal-fired
generation remains a threat to the long-term viability of these
assets.  In assigning the IDR, Fitch relies on Environmental
Compliance Cost Recovery Adjustment (ECCRA) and the Indiana Senate
bills 29 and 251 to reduce regulatory lag partially.  The Senate
bills allow the recovery of federally mandated environmental
compliance costs and the installation of clean coal technologies
reducing airborne emissions associated with the use of coal.  The
TDSIC statute provides for cost recovery outside of a rate case
proceeding for new or replacement for gas or electric safety,
reliability and modernization.  The statute requires a seven-year
plan of eligible investments.  Once the plan is approved by the
Indiana Utility Regulatory Commission (IURC), 80 percent of
eligible costs can be recovered using a periodic rate adjustment
mechanism.  IPL's seven year program begins recovery in 4Q, 2018
with total spend of $350 million.

Rating Constraint for IPL

The one notch difference between IPL and IPALCO reflect the high
level of parent level debt and IPL's low-risk business profile and
moderate capital structure.  IPL's rating is upward constrained by
IPALCO.  IPL is the sole source of dividend for IPALCO.  IPALCO's
parent level debt represents approximately 33% of total debt as of
Sept. 30, 2016.  Fitch views IPALCO's consolidated leverage as a
primary rating driver for both companies, along with IPALCO's
reliance on IPL to support debt-service and the subordination of
IPALCO's debt to that of IPL's debt.  Stability of upstream cash
flow from IPL and a currently constructive regulatory environment
in Indiana partially alleviate the credit concerns arising from
high leverage at IPALCO.

IDR Not Linked to AES

The terms of IPALCO's notes provide a modest degree of separation
between IPALCO and its parent, AES.  IPALCO's total debt is limited
to $1 billion ($805 million currently outstanding).  The ratio of
IPALCO's EBITDA to interest must exceed 2.5x, and debt cannot
exceed 67% of total capitalization on an adjusted basis to make a
distribution or intercompany loan to its parent, according to
IPALCO's articles of incorporation.  Changing the articles of
incorporation would require AES approval, IPALCO board approval
(CDPQ maintains two seats on the board), and filing the revision
with the secretary of state.  IPALCO and IPL maintain separate
identities from AES and do not mingle their cash with that of AES.
These factors separate the ratings of IPALCO and IPL from the IDR
of AES.

                         KEY ASSUMPTIONS

AES:

   -- APOCF CAGR 5% from 2017-2019;
   -- Debt repayment $300 million in 2016; $100 million in 2017
      and 2018;
   -- Stock buyback $79 million in 2016.

DPL and DP&L:

   -- On Jan. 1, 2017, generation is separated from DP&L and moved

      under Ohio Genco and transmission and distribution are the
      remaining operations of DP&L;
   -- Cleared Capacity Prices: $134/MW-day for 2016-2017,
      $151.5/MW-day for 2017-2018, $164.77/MW-day for 2018-2019,
      $100/MW-day for 2019-2020 and estimated $120/MW-day for
      2020-2021;
   -- Certain amount of DMR is assumed per year for 2017-2019;
   -- No equity support from AES.

IPALCO and IPL:

   -- Implemented the approved rate case beginning April 2016;
   -- $1.5 billion capex from 2017-2021;
   -- Eagle Valley CCGT comes online in the first half of 2017;
   -- Seven year TDSIC program begins in 4Q, 2018.

                       RATING SENSITIVITIES

AES:

Positive:

   -- AES could be upgraded if the debt-to-APOCF ratio sustains
      below 5x and the APOCF-to-interest ratio improves to 3.2x on

      a sustainable basis;
   -- If the large majority of the construction projects can
      complete on time and on budget.

Negative:

   -- Ratings and Outlook could be pressured if AES fails to
      achieve APOCF/interest higher than 2.5x and Recourse
      Debt/APOCF lower than 5.5x on a sustainable basis;
   -- If construction projects experience additional unexpected
      cost overrun or delays that require material equity
      injection;
   -- If AES increases shareholder distributions without an
      absolute reduction in debt, rating could also be pressured;
   -- A change in strategy to invest in more speculative, non-
      contracted assets or material decline in cash flow from
      contracted power generation assets;
   -- If AES executes merger and acquisition transactions largely
      with debt, causing its credit metrics to breach the
      guideline ratios above.

DPL and DP&L:

Positive:

   -- DPL and DP&L's rating Outlook can be stabilized if
      prospective rate relief is forthcoming, such that
      consolidated adjusted debt-to-operating EBITDAR can sustain
      comfortably below 6x and/or FFO-lease adjusted leverage
      below 6.5x.

Negative:

   -- Rating downgrades could be triggered by the absence of
      timely regulatory support in Ohio and/or continued
      challenging market conditions for its merchant generation
      business;
   -- Deterioration of DPL's consolidated adjusted debt-to-
      operating EBITDAR ratio on a sustained basis to above 7x or
      FFO-lease adjusted leverage sustained above 7.5x without a
      visible path for recovery could result in rating downgrades;
   -- Other factors that could cause negative rating actions
      include lower-than-expected cash flow at DP&L or the
      inability to execute deleveraging at DP&L, such that the
      future transmission and distribution utility's stand-alone
      debt-to-operating EBITDAR and FFO-lease adjusted leverage
      sustain above investment grade guideline ratios of 5x and
      6x, respectively.

IPL and IPALCO:

Positive:

   -- Positive rating action is unlikely over the foreseeable
      future given the upcoming rate case related to Eagle Valley
      CCGT plant.

Negative:

   -- Fitch would consider negative rating action on IPALCO in the

      event of certain adverse regulatory developments, such as
      materially negative rate case outcome primarily associated
      with the Eagle Valley CCGT;
   -- Negative rating pressure could mount if regulatory changes
      reduce the likelihood of timely recovery of operating costs
      (fuel, purchased power or environmental costs);
   -- A material increase in debt at IPALCO would also result in a

      negative rating action.

Fitch has affirmed these ratings with Stable Outlook:

The AES Corporation
   -- Long-Term IDR at 'BB-'
   -- Short-Term IDR at 'B';
   -- Senior secured debt at 'BB+/RR1';
   -- Unsecured debt at 'BB/RR3';
   -- Trust preferred stock issued by AES Trust III at 'B+/RR5'.

IPALCO Enterprise, Inc.
   -- Long-Term IDR at 'BB+';
   -- Senior secured debt at 'BB+/RR2'.

Indianapolis power and Light Company
   -- Long-Term IDR at 'BBB-';
   -- Senior secured debt at 'BBB+';
   -- Senior secured tax-exempt pollution control bonds at 'BBB+';
   -- Preferred stock at 'BB+'.

Fitch has affirmed these ratings with a Negative Outlook:

DPL, Inc.
   -- Long-Term IDR at 'B+';
   -- Short-term IDR at 'B';
   -- Secured debt at 'BB/RR2'
   -- Senior unsecured debt at 'BB-/RR3'.

Dayton Power & Light Company
   -- Long-Term IDR at 'BB+';
   -- Short-Term IDR at 'B';
   -- Senior secured debt at 'BBB/RR1'.

DPL Capital Trust II
   -- Junior subordinate debt at 'B/RR5'.


AGFEED INDUSTRIES: Investors' Proofs of Claim Due March 31
----------------------------------------------------------
UNITED STATES DISTRICT COURT FOR THE MIDDLE DISTRICT OF TENNESSEE
Securities and Exchange Commission
v.
AgFeed Industries, Inc., et al.
No. 3:14-cv-00663

SUMMARY NOTICE TO AGFEED INDUSTRIES, INC. INVESTORS

If you held shares of AgFeed Common Stock at any time during the
Recovery Period (March 14, 2008 through and including December 19,
2011), and suffered a loss according to the Distribution Plan you
may be eligible for a payment from the Distribution Fund.

PLEASE READ THIS NOTICE CAREFULLY AND IN ITS ENTIRETY.  IF YOU
SATISFY THE ELIGIBILITY CRITERIA, YOU MAY BE ENTITLED TO A RECOVERY
FROM THE DISTRIBUTION FUND.  THIS NOTICE CONTAINS IMPORTANT
INFORMATION REGARDING YOUR ELIGIBILITY.

Background

On October 6, 2014, the Commission filed a settled enforcement
action against AgFeed Industries, Inc. ("AgFeed" or "Defendant"),
alleging that the Defendant reported fictitious revenues from its
China operations from 2008 through June 30, 2011 in order to meet
financial targets and prop up the stock price.  The fraud caused
AgFeed's publicly-reported revenues to be inflated by approximately
$239 million during this period.  The Commission alleged that the
Defendants' conduct violated Section 17(a) of the Securities Act of
1933 ("Securities Act") and Sections 10(b), 13(a), 13(b)(2)(A), and
13(b)(2)(B) of the Securities Exchange Act of 1934 ("Exchange Act")
and Rules 10b-5, 12b-20, 13a-1, 13a-11, and 13a-13.  Pursuant to
the Final Judgment, Defendant was found liable for disgorgement in
the amount of $18,000,000.00, representing profits gained as a
result of the conduct alleged in the Complaint.  Defendant was
obligated to pay (i) $12,500,000.00 pro-rata to holders of Class 5B
equity interests, as defined in AgFeed's July 22, 2014 Second
Amended Chapter 11 Plan of Liquidation Supported by the Official
Committee of Equity Security Holders (the "Proposed Plan") in In re
AgFeed Industries, Inc., Chapter 11 case No. 13-11762 (BLS) (Bankr.
D. Del.) (the "Bankruptcy Case"), and (ii) $5,500,000.00 to the
Securities and Exchange Commission, pursuant to a confirmed Chapter
11 plan of liquidation in the Bankruptcy Case (the "Confirmed
Plan").  On September 28, 2016, the Commission staff submitted the
Distribution Plan to the Court, and it was approved on October 18,
2016.  Pursuant to the Distribution Plan, investors who purchased
or acquired AgFeed common stock during the SEC Recovery Period and
suffered a loss may be entitled to receive a distribution from the
Distribution Fund.

Who is Eligible?

If you purchased or acquired the common stock of AgFeed from March
14, 2008, through and including December 19, 2011, and suffered a
loss according to the Distribution Plan you may be eligible for a
payment from the Distribution Fund.  If you previously submitted a
valid claim in the related Class Action Blitz v. AgFeed Industries,
Inc., et al. (Civil Action No. 11-cv-0992) (D. Tenn.) and your
claim has an Eligible Loss Amount greater than $0.00 under the SEC
Distribution Plan you do not need to file a Proof of Claim Form to
share in the distribution from the Distribution Fund unless you
wish to modify your claim.  If you purchased AgFeed common stock
during the SEC Recovery Period and you: (a) did not file a claim in
the Class Action; (b) filed a claim in the Class Action that was
denied; or (c) filed a claim in the Class Action that was approved,
but under the terms of the SEC Distribution Plan has an Eligible
Loss Amount less than or equal to $0.00, you must submit a
completed Proof of Claim Form with the necessary documentation
postmarked no later than March 31, 2017 to be eligible to
participate in the Distribution Fund.    

Obtaining a Distribution Plan Notice and Proof of Claim Form

If you believe you may be eligible and have not received a Notice
of Eligibility informing you that you do not need to file a claim,
you must submit a complete Proof of Claim Form to the Distribution
Agent postmarked no later than March 31, 2017 to be eligible to
participate in the Distribution Fund.  Proof of Claim Forms will be
mailed to potentially eligible claimants identified by the
Distribution Agent.  In addition, you may download and print the
Proof of Claim Form from the Distribution Fund Website at
www.SECvAgFeedDistributionFund.com or you may request that the
Distribution Agent send you a Proof of Claim Form by calling (888)
286-8201, emailing info@SECvAgFeedDistributionFund.com or writing
to SEC v. AgFeed Distribution Fund, Distribution Agent, P.O. Box
3757, Portland, OR 97208-3757.

                   About AgFeed Industries

AgFeed Industries, Inc., has 21 farms and five feed mills in China
producing more than 250,000 hogs annually.  In the U.S., the
business included 10 sow farms in three states and two feed mills
producing more than one million hogs a year.  AgFeed's revenue in
2012 was $244 million.

AgFeed and its affiliates filed voluntary petitions under Chapter
11 of the Bankruptcy Code (Bankr. D. Del. Case No. 13-11761) on
July 15, 2013, with a deal to sell most of its subsidiaries to The
Maschhoffs, LLC, for cash proceeds of $79 million, absent higher
and better offers.  The Debtors estimated assets of at least $100
million and debts of at least $50 million.

Keith A. Maib signed the petition as chief restructuring officer.
Hon. Brendan Linehan Shannon presides over the case.  Donald J.
Bowman, Jr., and Robert S. Brady, Esq., at Young, Conaway,
Stargatt & Taylor, serve as the Debtors' counsel.  BDA Advisors
Inc. acts as the Debtors' financial advisor.  The Debtors' claims
and noticing agent is BMC Group, Inc.

The U.S. Trustee has appointed a five-member official committee of
unsecured creditors to the Chapter 11 cases.  The Creditors'
Committee tapped Lowenstein Sandler as lead bankruptcy counsel and
Greenberg Traurig, LLP, as co-counsel.  CohnReznick LLP serves as
the Creditors' Committee's financial advisor.

An official committee of equity security holders was also appointed
to the Chapter 11 cases.  The Equity Committee tapped Sugar
Felsenthal Grais & Hammer LLP and Elliott Greenleaf as co-counsel.

Jefferies Leveraged Credit Products and Claims Recovery Group are
represented by Lawrence J. Kotler, Esq., and Catherine B.
Heitzenrater, Esq., at Duane Morris, LLP.

AgFeed USA, LLC, et al., notified the Bankruptcy Court that the
Effective Date of the Revised Second Amended Plan of Liquidation
occurred on Nov. 10, 2014.

As reported in the Troubled Company Reporter on Nov. 7, 2014, the
Court confirmed the revised second amended plan, which was
supported by the Official Committee of Equity Security Holders.


ALASKA AIR: S&P Lowers CCR to 'BB+', Off CreditWatch Negative
-------------------------------------------------------------
S&P Global Ratings said that it has lowered its long-term corporate
credit rating on Seattle-based Alaska Air Group Inc. (Alaska Air)
and its subsidiary, Alaska Airlines Inc., to 'BB+' from 'BBB-' and
removed the ratings from CreditWatch, where S&P placed them with
negative implications on April 4, 2016.  The outlook is stable.

"The downgrade reflects the increase in debt leverage at Alaska
following its $4 billion acquisition of Virgin America Inc., the
parent airline of Virgin America," said S&P Global credit analyst
Tatiana Kleiman.  The $4 billion purchase price included
approximately $2.6 billion in cash considerations and the
assumption of approximately $1.4 billion of debt and leases.  This
increase in Alaska's debt has caused the company's previously very
strong financial risk profile to decline substantially.  Prior to
the acquisition, Alaska's credit metrics were among the strongest
of the airlines that S&P rates, including a debt-to-EBITDA metric
of 0.5x and a funds from operations (FFO)-to-debt ratio of 136% in
2015.  Pro forma for the acquisition, S&P expects the company's
debt-to-EBITDA metric to weaken to around 2x and its FFO-to-debt
ratio to decline to the mid-30% area, which will leave it with
solid but weaker credit metrics.  Therefore, S&P now assess the
company's financial risk profile as intermediate instead of
minimal.

The stable outlook on Alaska reflects that, pro forma for the
acquisition of Virgin, S&P expects the company's credit metrics to
weaken given the substantial debt burden its is assuming in
conjunction with the transaction.  In addition, S&P believes that
the company may face some integration risk as it work to combine
the two rather distinct entities, which have different corporate
cultures, aircraft fleets, customer bases, and brand images.  That
said, S&P believes that the combined entity will maintain credit
metrics that are consistent with the current rating, including a
debt-to-EBITDA metric in the high-1x area and a FFO-to-debt ratio
in the low 40% area for 2016 (pro forma for the acquisition).

S&P could lower its rating on Alaska Air if U.S. economic growth is
weaker than S&P expects--increasing the company's competition and
negatively affecting its revenue--and significant integration
challenges cause the company's FFO-to-debt ratio to decline below
30% on a consistent basis.

Although unlikely over the next year, S&P could raise its rating on
Alaska Air if its competitive pressures subside or if the company's
ancillary revenue increase by more than S&P expects.  S&P could
also raise its rating if the company successfully executes its
integration of the two airlines and realizes better-than-expected
cost synergies such that an increase in its passenger revenue per
available seat mile (PRASM) and/or a decline in its cost per
available seat mile (CASM) increases its earnings and causes its
FFO-to-debt ratio to rise above 45% on a consistent basis.



AMERICAN COMMERCE: Rescinds Best Way Auto Acquisition
-----------------------------------------------------
American Commerce Solutions, Inc., said it agreed with 3 Sisters
Trust/John Keena from whom the Company acquired Best Way Auto &
Truck Rental, Inc., as a wholly owned subsidiary as of March 31,
2016, to rescind the transaction.  The Company said its decision to
rescind the Best Way Auto & Truck Rental acquisition was based upon
its completion of due diligence and experience in operation of the
business since the date of acquisition.  The rescission includes
the return to the Company of 200,000,000 shares of its common stock
(which was issued in unissued shares).  As a result of the
rescission, John Keena and Three Sisters Trust and its principals
have no interest in the Company.

As a consequence of the rescission, Frank D. Puissegur, Daniel L.
Hefner and Robert Maxwell, Sr., who now constitute the Company's
board of directors, control the Company.  Mr. Hefner and Mr.
Maxwell also own more than fifty percent of the Company's issued
and outstanding common stock.

In connection with the rescission, John Keena, the founder and
chief executive officer of Best Way Auto & Truck Rental, has
resigned as one of the Company's directors and as its chief
financial officer on Dec. 1, 2016.  Frank D. Puissegur, who
resigned as one of the Company's directors and as its chief
financial officer as part of its acquisition of Best Way Auto &
Truck Rental has been appointed as a director and reappointed as
the Company's chief financial officer, a vacancy in each position
resulting from Mr. Kenna's resignation.

                   About American Commerce

American Commerce Solutions, Inc., headquartered in Bartow,
Florida, is primarily a holding company with one wholly owned
subsidiary; International Machine and Welding, Inc., is engaged in
the machining and fabrication of parts used in heavy industry, and
parts sales and service for heavy construction equipment.

American Commerce reported a net loss of $245,000 on $2.05 million
of net sales for the year ended Feb. 29, 2016, compared to a net
loss of $185,000 on $2.23 million of net sales for the year ended
Feb. 28, 2015.  As of Feb. 29, 2016, American Commerce had $4.75
million in total assets, $3.27 million in total liabilities, and
$1.48 million in total stockholders' equity.

Stevenson & Company CPAS LLC, in Tampa, Florida, issued a "going
concern" qualification on the consolidated financial statements for
the year ended Feb. 29, 2016, citing that the Company has recurring
losses resulting in an accumulated deficit and is in default on
several notes payable.  These conditions raise substantial doubt
about the Company's ability to continue as a going concern.


AMERICAN INT'L GROUP: Supreme Court Denies Greenberg's Appeal
-------------------------------------------------------------
Brent Kendall, writing for The Wall Street Journal, reported that
the U.S. Supreme Court has declined to consider an appeal by former
American International Group Inc. CEO Maurice "Hank" Greenberg, who
was seeking dismissal of a civil fraud case brought a decade ago by
the New York attorney general.

According to the report, New York's attorney general Eric
Schneiderman in a brief filed with the Supreme Court said the
former AIG executives' legal arguments were incorrect.  He also
said the justices shouldn't consider taking up the appeal while the
case was still proceeding in the lower courts, the report related.

The Supreme Court turned away the executives' appeal in a one-line
order, the report said.

WSJ recalled that the 91-year-old Mr. Greenberg and Howard Smith,
AIG's former chief financial officer, are fighting allegations they
engaged in two fraudulent transactions that misled investors about
the company's financial health.

Mr. Greenberg and Mr. Smith already settled with the Securities and
Exchange Commission in 2009, agreeing to pay $15 million and $1.5
million, respectively, the report noted.  They neither admitted nor
denied wrongdoing, the report said.

AIG in 2006 settled fraud charges related to its accounting
scandal, a $1.6 billion pact with the SEC, the Justice Department
and the New York attorney general, the report added.

                          About AIG

With corporate headquarters in New York, American International
Group, Inc., is an international insurance company, serving
customers in more than 130 countries.  AIG companies serve
commercial, institutional and individual customers through
property-casualty networks of any insurer. In addition, AIG
companies are providers of life insurance and retirement services.

At the height of the 2008 financial crisis, AIG experienced a
liquidity crunch when its credit ratings were downgraded below
"AA" levels by Standard & Poor's, Moody's Investors Service and
Fitch Ratings.  AIG almost collapsed under the weight of bad bets
it made insuring mortgage-backed securities.  The Company,
however, was bailed out by the Federal Reserve, but even after an
initial infusion of $85 billion, losses continued to grow.  The
later rescue packages brought the total to $182 billion, making it
the biggest federal bailout in U.S. history.  AIG sold off a
number of its businesses and other assets to pay down loans
received from the U.S. government.


ANTHONY DARREL MOSLEY: Unsecureds To Get $27,920 in 60 Months
-------------------------------------------------------------
Anthony Darrell Mosley filed with the U.S. Bankrupcty Court for the
District of Arizona a disclosure statement and accompanying plan of
reorganization, which proposes to repay all unsecured creditor
claims pro rata within 60 months of the Effective Date.

The Debtor's Plan provides that the Debtor will pay into his Plan
Fund equal monthly amounts of $432 over 60 months for a total of
$25,920 towards payments of Administrative Claims, Priority Claims,
Secured Claims and Unsecured Claims.  After
payments to all Classes holding Claims entitled to administrative
or priority treatment, the Debtor will pay a distribution to his
General Unsecured Claims of approximately $27,920, which includes a
proposed new value contribution.  The total being paid to creditors
under the Plan satisfies the Best Interest of Creditors Test and
exceeds the Liquidation Equity calculated under the Debtor's
Liquidation Analysis.  In the event the Debtor's Administrative and
Priority Claims are greater than the estimated amounts contained in
this Disclosure Statement and the accompanying Plan, the Debtor
will pay all approved Class 1 and Class 2 Claims before making a
distribution to Classes 9, 10 and 11.  In no event will the amount
paid to the General Unsecured Creditor Classes be less than
$15,000, which exceeds the Debtor's Liquidation Equity after
factoring in payments to Administrative, Priority and
Secured Claims.  It is estimated that a pro rata distribution will
be made to Classes 9, 10 and 11 in month sixty of the Plan.  In
total, the Debtor will pay approximately $129,214 to the IRS on its
secured claim, $50,000 to administrative claims, and $27,920 to
general unsecured claims over the life of the Plan.

Class 7 consists of the all unsecured claims against the Debtor
arising from business debt owed by Debtor Anthony Mosley's medical
practice, NW Valley Neurology & Parkinsons Care Specialists, PLLC.
The Class 7 Claimants are entitled to seek recovery from NW Valley
for payment of the debt owed by NW Valley to the Class 7 Claimants.
To the extent the Class 7 Claimants are unable to satisfy their
Claims from NW Valley the Class 7 Claimants will share pro rata
with distributions to Classes 8, 9, and 10. Class 7 is impaired.

Class 8 consists of Unsecured Deficiency Claims, if any.  The
holder of a Class 8 Claim will be paid, pro rata, without interest,
in conjunction with distributions made to Class 9 and Class 10
Claims, with payments being made pursuant to the payment schedule.
The Class 8 Claims will not include any interest charges, fees, or
other costs incurred or assessed after the Petition Date, through
and including the Effective Date and thereafter. Class 8 is
impaired.

Class 9 consists of all remaining Unsecured Claims.  The holders of
Allowed Class 9 Claims will be paid, pro rata, without interest, in
conjunction with payments being made pursuant to the payment
schedule.  Class 9 Claims will be paid pro rata with Allowed Class
8 and Class 10 Claims.  The Class 9 Claims will not include any
interest charges, fees, or other costs incurred or assessed after
the Petition Date through and including the Effective Date and
thereafter. The Debtor estimates that Class 9 Claims are
approximately $99,729.30. Class 9 is impaired.

The Plan will be funded by the Debtor's post-petition earnings and
excess cash flow with unsecured creditors being paid, pro rata,
prior to the expiration of the Plan term.

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

      http://bankrupt.com/misc/azb2-15-15398-99.pdf

Counsel for the Debtor:

     Randy Nussbaum, Esq.
     John E. Parzych, Esq.
     NUSSBAUM GILLIS & DINNER, P.C.
     14850 N. Scottsdale Road, Suite 450
     Scottsdale, Arizona 85254
     Telephone: (480) 609-0011
     Facsimile: (480) 609-0016
     Email: rnussbaum@ngdlaw.com
            jparzych@ngdlaw.com

Anthony Darrel Mosley and Rhaye L. Mosley filed a Chapter 11
petition (Bankr. D. Ariz. Case No. 15-15398) on December 4, 2015.


APMETRIX INC: Case Summary & 20 Largest Unsecured Creditors
-----------------------------------------------------------
Debtor: Apmetrix, Inc.
        A Delaware corporation
        6450 Lusk Boulevard, #E208
        San Diego, CA 92121

Case No.: 16-07584

Chapter 11 Petition Date: December 15, 2016

Court: United States Bankruptcy Court
       Southern District of California (San Diego)

Judge: Hon. Laura S. Taylor

Debtor's Counsel: John L. Smaha, Esq.
                  SMAHA LAW GROUP, APC
                  2398 San Diego Avenue
                  San Diego, CA 92110
                  Tel: (619) 688-1557
                  Fax: (619) 688-1558
                  E-mail: jsmaha@smaha.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Lee Jacobson, CEO.

A copy of the Debtor's list of 20 largest unsecured creditors is
available for free at http://bankrupt.com/misc/casb16-07584.pdf


ARR MEDICAL: Unsecureds To Recoup 20% Over Five Years
-----------------------------------------------------
Arr Medical Group, PSC, on Dec. 6, 2016, filed a second supplement
to the disclosure statement explaining its plan.

The second supplement provides that the secured claim of Banco
Santander Puerto Rico, classified as Class 2 under the Plan, will
be treated as follows:

   "Debtor's obligation is secured by 2 commercial  secured claims
collaterized by real property located at Torre San Francisco, 369
De Diego St., Suite 609, San Juan, Puerto Rico 00923-3004. The
commercial mortgage loans are cross-collaterized with another
property located at Torre San Francisco, Suite 201, San Juan,
Puerto Rico, which belongs to Debtor's principal, Ariel Rosado
Rosa."

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

        http://bankrupt.com/misc/prb-16-00400-11-74.pdf

General unsecured creditors will receive a dividend of 20% under
its proposed plan to exit Chapter 11 protection.  Each Class 5
general unsecured creditor with a claim of more than $5,000 will
receive a dividend of 20% to be paid in monthly installments over
five years.  The total obligation to Class 5 creditors is $65,372,
according to the court filing.

Meanwhile, each Class 6 general unsecured creditor with a claim of
$5,000 or less will receive a dividend of 20% on the effective date
of the plan in full payment of its claim.  The total obligation to
these creditors is $8,642.

A copy of the supplement to the disclosure statement dated November
30, 2016, is available for free at https://is.gd/061Zvk

                    About Arr Medical Group

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


ASOCIACION DE PROPIETARIOS: Unsecured Creditors To Recoup 17.55%
----------------------------------------------------------------
General unsecured creditors of Asociacion De Propietarios
Condominio Radio Centro will get 17.55% of their claims under its
proposed plan to exit Chapter 11 protection.

Under the restructuring plan, Class 2 general unsecured creditors
will get 17.55% or about $24,000 of their claims over 60 months.  

Creditors will receive a monthly payment of $450, which includes
interests, to be distributed pro rata beginning within 60 days of
the effective date of the plan.

Asociacion De Propietarios will get the funds to pay creditors from
condominium maintenance fees and rental income, according to its
disclosure statement filed on Nov. 29 with the U.S. Bankruptcy
Court for the District of Puerto Rico.

A copy of the disclosure statement is available for free at
https://is.gd/LBFz3N

                About Asociacion De Propietarios

Asociacion De Propietarios Condominio Radio Centro sought
protection under Chapter 11 of the Bankruptcy Code (Bankr. D.P.R.
Case No. 16-03291) on April 27, 2016.  The Debtor is represented by
Gloria Justiniano Irizarry, Esq., at Justiniano's Law Office.


AUTHENTIDATE HOLDING: Adopts Amended By-laws
--------------------------------------------
The Board of Directors of Authentidate Holding Corp. adopted
Amended and Restated By-laws, effective as of Dec. 7, 2016.  The
Amended and Restated By-laws, among other things:

  * Amend Section 2.6(d) (formerly Section 2.6.4) in connection
    with the procedures that the Company will follow in providing
    notice of stockholders' meetings to the Company's
    stockholders;

  * Amend Section 2.6(f) (formerly Section 2.6.7) and add new
    Section 2.6(k) to clarify the notice and procedural
    requirements for adjourning meetings of stockholders to
    another time and place;

  * Amend the procedures and requirements necessary for
    stockholders to follow in providing advance notice of
    stockholder business at stockholder meetings (formerly Section
    2.6.5 and now set forth at Section 2.7 of the Amended and
    Restated By-laws);

  * Add new Section 2.9 (formerly Section 2.6.4) to expressly
    provide for the giving of notice of any meeting of
    stockholders by way of electronic transmission;

  * Amend Section 3.3 concerning the maximum number of directors
    constituting the Board;

  * Amend Section 3.4 concerning the procedures and substantive
    disclosure requirements necessary for a stockholder to comply
    with in connection with nominating an individual for election
    to the Company's Board of Directors.  The additional
    disclosure requirements enhance the information regarding
    nominees and are designed to facilitate the ability of other
    stockholders to make an informed decision regarding any such
    nomination;

  * Add new Section 3.9 concerning the ability of individual Board
    members to waive notice of meetings by electronic transmission
   (formerly Section 4.2 of the By-laws addressed the procedures
    for waiving notice);

  * Add new Section 3.10 concerning the ability of Board members
    to consent to action taken without a meeting by way of
    electronic transmission, as well as to provide for the filing
    of those consents electronically if the minutes are maintained
    in electronic form (formerly Section 3.12 of the By-laws
    addressed the ability of the Board to take action on written
    consent);

  * Add new Section 3.13 to provide that, unless otherwise
    determined by the Board, neither the chairman of the Board nor
    any co-chairman or vice chair of the Board shall be considered

    an officer of the Company solely by virtue of such position;

  * Amend the procedures and other requirements concerning the
    designation of committees of the Board and providing for
    additional details regarding the procedures to be followed by
    those committees (formerly Section 3.9 and now set forth in
    Article IV of the Amended and Restated By-laws);

  * Relocate the provisions of former Article IV, regarding notice
    and waiver of meetings, to Sections 3.9 and 7.9 of the Amended

    and Restated By-laws;

  * Amend Article V concerning the descriptions of the roles and
    duties of officers of the Company;

  * Add new Section 6.1 to provide for electronic storage of the
    Company's records and to incorporate the procedures applicable

    to stockholders that may wish to review the Company's records
   (the provisions of former Article VI, which concerned general
    provisions, were relocated to Sections 7.1 to 7.5 of the
    Amended and Restated By-laws);

  * Add new Sections 7.6 to 7.9 concerning the execution of   
    corporate contracts and instruments; construction and
    definition of certain terms of the Amended and Restated By-
    laws; registered stockholders; and waiver of notice of
    meetings;

  * Add new Section 7.10 to provide for an exclusive forum
    selection provision, which specifies that unless the Company
    consents in writing to an alternative forum, a state or
    federal court located within the State of Delaware will be the

    sole and exclusive forum for (i) any derivative action or
    proceeding brought on behalf of the Company, (ii) any action
    asserting a claim of breach of a fiduciary duty owed by any
    director, officer, or other employee of the Company to the
    Company or the Company's stockholders, (iii) any action
    asserting a claim arising pursuant to any provision of the
    Delaware General Corporation Law, or (iv) any action asserting

    a claim governed by the internal affairs doctrine;
  * Relocate former Article VII concerning amendments to the
    By-laws to new Section 10.2;

  * Add new Article VIII to expressly provide for notices to
    stockholders by electronic transmission;

  * Amend and relocate former Article VIII to new Article IX
    concerning the procedures applicable to, and the scope of, the

    Company's ability to provide for indemnification of its
    directors, officers, and employees.

Under the amended advance notice provisions of Sections 2.7 and
3.4, any stockholder proposal or director nomination submitted in
connection with the Company's next annual meeting of stockholders
must be received no earlier than the close of business on the 90th
day, nor later than the close of business on the 120th day, prior
to the anniversary date of the immediately preceding annual
meeting; provided, however, that in the event that the date of the
annual meeting is advanced more than 30 days prior to or delayed
(other than as a result of adjournment) by more than 30 days after
the anniversary of the preceding year's annual meeting, notice by
the stockholder to be timely must be so delivered not earlier than
the close of business on the 120th day prior to such annual meeting
and not later than the close of business on the later of the 90th
day prior to such annual meeting or the 10th day following the date
on which such notice of the date of such meeting was mailed or
public announcement of the date of such meeting is first made.

                      About Authentidate

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

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

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

EisnerAmper LLP, in New York, issued a "going concern"
qualification on the consolidated financial statements for the year
ended June 30, 2015, citing that the Company's recurring losses
from operations and negative cash flows from operations raise
substantial doubt about its ability to continue as a going concern.


AUTUMN COVE: Seeks Authorization to Use COMM 2014-LC17 Cash
-----------------------------------------------------------
Autumn Cove Apartments, LLC, and its affiliated Debtors seek
authorization from the U.S. Bankruptcy Court for the Northern
District of Georgia to use cash collateral in which COMM 2014-LC17
Georgia Properties, LLC has an interest.

Each of the Debtors owns and operates the following single
apartment complexes:

        (a) Autumn Cove owns an apartment complex located at 6200
Hillandale Drive, Lithonia, GA 30058;

        (b) Oakley Woods owns an apartment complex located at 6295
Oakley Road, Union City, GA 30291;

        (c) Pine Knoll owns an apartment complex located at 7393
Tara Road, Jonesboro, GA 30236;

        (d) Shannon Woods owns an apartment complex located at 100
Sunrise Court, Union City, GA 30291; and

        (e) Garden Gate owns an apartment complex located at 1608
Rhodes Lane, Griffin, GA 30224.

The Debtors intends to use cash collateral in order to pay general
and administrative expenses in order to continue to operate its
business in accordance with their proposed December budget, which
provides for the following total expenses:

                    Garden Gate               $ 5,777
                    Pine Knoll                $11,810
                    Autumn Cove                $16,611
                    Oakley Shoels             $ 1,928
                    Shanon Woods              $ 9,998

Each of the Debtors are indebted to COMM 2014-LC17 Georgia
Properties, LLC in the original principal amount of $11,000,000.
The Debtors' obligations to COMM 2014-LC17 are secured by the
Apartments, their improvements, and all rents, leases, personal
property, fixtures, equipment, furniture, furnishings, appliances
and appurtenances located thereon.

The Debtors propose to grant COMM 2014-LC17 a perfected first
priority senior security interest in and lien upon all
post-petition property of the Debtors of the same kind as the
prepetition property of Debtors to which COMM 2014-LC17's liens
attached as of the Petition Date.

A full-text copy of the Debtor's Motion, dated December 13, 2016,
is available at https://is.gd/elZc5M

                  About Autumn Cove Apartments, LLC

Autumn Cove Apartments, LLC and its affiliates filed separate
bankruptcy petitions on December 5, 2016: Autumn Cove Apartments,
LLC (Bankr. N.D. Ga. 16-71783);  Oakley Woods Apartments, LLC
(Bankr. N.D. Ga. Case No. 16-71787); Pine Knoll Apartments, LLC
filed its Chapter 11 petition (Bankr. N.D. Ga. Case No. 16-71788);
and Garden Gate Apartments, LLC (Bankr. N.D. Ga. Case No.
16-12455).  Their debtor-affiliate Shannon Woods Apartments, LLC
filed its Chapter 11 petition (Bankr. N.D. Ga. Case No. 16-71790)
on December 6, 2016.

At the time of filing, each of the Debtors had $1 million to $10
million in estimated assets and $10 million to $50 million in
estimated liabilities.  The petitions were signed by Mike Kohn,
manager, STOWA Member, LLC.  The Debtors are represented by Frank
G. Nason, IV, Esq. at Lamberth, Cifelli, Ellis & Nason, P.A.

No creditors' committee has been appointed in this case. In
addition, no trustee or examiner has been appointed.


BARTON PROPERTIES: Case Summary & 4 Unsecured Creditors
-------------------------------------------------------
Debtor: Barton Properties New York LLC
        7 Willow Street
        Port Chester, NY 10573

Case No.: 16-23715

Nature of Business: Single Asset Real Estate

Chapter 11 Petition Date: December 14, 2016

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

Judge: Hon. Robert D. Drain

Debtor's Counsel: Bruce R. Alter, Esq.
                  ALTER & BRESCIA, LLP
                  550 Mamaroneck Avenue
                  Harrison, NY 10528
                  Tel: (914) 670-0030
                  Fax: (914) 670-0031
                  E-mail: altergold@aol.com
                          info@altergoldlaw.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $500,000 to $1 million

The petition was signed by Benjamin Barton, managing member.

A copy of the Debtor's list of four unsecured creditors is
available for free at http://bankrupt.com/misc/nysb16-23715.pdf


BEAR CREEK: Can Continue Use of DOF IV REIT Cash Collateral
-----------------------------------------------------------
Judge John T. Gregg of the U.S. Bankruptcy Court for the Western
District of Michigan authorized Kelly M. Hagan, Chapter 11 Trustee
for Bear Creek Partners II, LLC and Bear Creek Retail Partners II,
LLC, to continue using the cash collateral of DOF IV REIT Holdings,
LLC on a final basis.

The Trustee was authorized to use cash collateral to pay the
actual, necessary, post-petition expenses of the Debtors' estates
in accordance with the approved Budget, which provides for total
expenditures of $71,515 for Bear Creek Partners II and $10,572 for
Bear Creek Retail Partners II through December 31, 2016.  

The cash collateral may be used solely:

      (a) in the ordinary course of business for working capital
and general property maintenance purpose;

      (b) for the payment of expenses incurred in the ordinary
course of business;

      (c) for payment of Trustee's fees and her professionals; and


      (d) for the investigation by the Trustee of potential claims
for relief and actions, including but not limited to avoidance
actions and claims for breaches of fiduciary duty and mismanagement
against any insider or affiliate of the Debtors, including:
Stratmore Development Company Michigan LLC, Abbott Road Commons,
L.L.C., Terra Holdings L.L.C., Scott A. Chappelle and Charles W.
Crouch.  The amount of $50,000 was allocated in the Budget for the
Trustee's investigation and the prosecution of Estate Claims.

The Trustee was directed to make monthly adequate protection
payments to DOF IV REIT in per diem amount of $3,746 multiplied by
the number of days for such month.

DOF IV REIT was granted additional and replacement continuing valid
and binding, enforceable, non-avoidable, automatically perfected
postpetition security interests in and liens, on any and all
presently owned and after acquired personal property, real property
and all other assets of the Debtors, in the same extent, validity,
and priority as they existed on petition date.  The adequate
protection liens will be junior to any unavoidable liens securing
an allowed claim having priority over DOF IV REIT's liens on the
prepetition collateral.  

DOF IV REIT was also granted a auperpriority claim with priority
over any and all other administrative expenses of any kind payable
or allowed, to the extent that the adequate protection lien fails
to protect DOF IV REIT against any post-petition diminution in
value of the collateral securing DOF IV REIT's claims.

The Trustee's right to use cash collateral will terminate upon the
first to occur of:

     (a) February 27, 2017;

     (b) the closing Sale, whether to ELIP or an alternative
purchaser; or

     (c) and event of default has been determined to have
occurred.

A full-text copy of the Order, dated December 13, 2016, is
available at https://is.gd/V1Fwnl


                  About Bear Creek Partners II

Bear Creek Partners II, L.L.C., and Bear Creek Retail Partners II
LLC filed chapter 11 petitions (Bankr. W.D. Mich. Case Nos.
16-02553 and 16-02554) on May 6, 2016. The petition was signed by
Scott A. Chappelle, president.  Each Debtor estimated assets and
liabilities at $10 million to $50 million at the time of the
filing.

The Debtors retained Jay L. Welford, Esq., at Jaffe, Raitt, Heuer &
Weiss, PC as their legal counsel and Robert R. Wardrop, Esq., at
Wardrop & Wardrop PC as their local counsel, and hired O'Keefe &
Associates Consulting LLC as their financial advisor.

Kelly M. Hagan has been named as the Chapter 11 bankruptcy trustee
for the Debtors' estates.  Her own law firm, Hagan Law Offices PLC,
serves as the Trustee's counsel.  She employs A.L. Mitchell &
Associates as accountant CBRE, Inc. as real estate broker.


BLAIR A. HILLMAN: U.S. Trustee Forms 3-Member Committee
-------------------------------------------------------
U.S. Trustee Ilene J. Lashinsky on Dec. 15 appointed three
creditors of Blair A. Hillman and Gretchen S. Hillman, to serve on
the official committee of unsecured creditors.

The committee members are:

     (1) Benchmark Potato
         4799 S. Highway 191
         Rexburg, ID 83440
         Tel: (208) 356-7321
         Fax: (208) 356-9217
         E-mail: potato@ida.net

     (2) Rcf Distributors, LLC
         12 East Calle Cristina
         Rio Rico, AZ 85648
         Tel: (520) 281-0230
         Fax: (520) 281-9670
         E-mail: malu@rcfdistributors.com

     (3) Desert Trailers Systems, Inc.
         Katherine Fry, CEO
         2733 West Buckeye Road
         Phoenix, AZ 85009
         Tel: (602) 272-8910
         Fax: (602) 272-8936
         E-mail: kathy@deserttrailer.com

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

Blair A. Hillman and Gretchen S. Hillman filed for Chapter 11
bankruptcy protection (Bankr. D. Ariz. Case No. 16-13325) on Nov.
21, 2016.  Randy Nussbaum, Esq., at Nussbaum Gillis & Dinner, P.C.,
serves as the Debtors' bankruptcy counsel.


BLANCA PERALTA: Creditor Opposes Approval of Exit Plan
------------------------------------------------------
A creditor has criticized the plan proposed by Blanca Christina
Peralta to exit Chapter 11 protection, saying it is not feasible.

In a filing with the U.S. Bankruptcy Court for the District of
Nevada, Frederick C. Hawn and Phyllis J. Hawn Revocable Trust
argued that the cash flow is insufficient to make the payments
required under the plan.

"There is a continuing loss or diminution of the estate and there
is the absence of a reasonable likelihood of rehabilitation," said
the creditor's attorney, David Winterton, Esq., at David J.
Winterton & Assoc. Ltd., in Las Vegas, Nevada.

Mr. Winterton pointed out that there was no income reported for
one-third of the month of July when the case was filed, adding that
the filing shows negative expense of $297.

The attorney also said that the disclosure statement, which
explains the plan, does not contain adequate information.

Mr. Winterton maintains an office at:

     David Winterton, Esq.
     David J. Winterton & Assoc. Ltd.
     1140 N. Town Center Drive, Suite 120
     Las Vegas, NV 89144
     Phone: (702) 363-0317
     Fax: (702) 363-1630
     Email: david@davidwinterton.com

                About Blanca Christina Peralta

Blanca Christina Peralta sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. D. Nev. Case No. 16-14022) on July 21,
2016.  The Debtor is represented by Thomas E. Crowe, Esq.


CABALLO2015 LLC: Secured Creditors To Be Paid in 60 Months
----------------------------------------------------------
Caballo2015, LLC, filed with the U.S  Bankruptcy Court for the
District of  Arizona a disclosure statement and plan of
reorganization, which proposes to pay all Allowed Claims within 5
years of the Effective Date.

Class 2 consists of Allowed Secured Claims.  Only the following
Creditors will receive
treatment as Secured Claims under Class 2: PNC Mortgage, PNC Bank,
Wells Fargo Mortgage,  and The Lemoine Group, Inc.  This Class is
unimpaired.

Other than Arrears, allowed Secured Claims will be paid outside the
Plan in accordance with the security instruments evidencing such
Secured Claim.  Any payment amount due to a Secured Claim that is
deemed to be in Arrears as of the Effective Date will be cured by
the Debtor in 60 equal monthly installments, with the first payment
commencing 90 days following the Effective Date.

Class 4 consists of allowed Unsecured Claims.  The Debtor does not
believe that it has
any Class 4 Claims. However, to the extent that any a creditor is
entitled to receive
treatment under Class 4, said creditors shall receive $1.00 in full
satisfaction of the Allowed Unsecured Claim no later than 90 days
after the Effective Date. This Class is impaired.

The Debtor believes that by virtue of the Plan that it will have
the ability to pay all allowed and approved claims pursuant to the
Plan as provided below. The Debtor reserves the right to accelerate
payment under the Plan.

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

          http://bankrupt.com/misc/azb2-15-15659-58.pdf 

                 About Caballo2015, LLC

Headquartered in Paradise Valley, Arizona , Caballo2015, LLC
filed for Chapter 11 bankruptcy protection (Bankr. D.P.R. Case
No. 15-15659) on Dec. 14, 2015 , listing $1.2 million in total
assets and $1.4 million in total liabilities. The petition was
signed by Ignacio Martinez, manager. ,


CALVIN LARON FORD: Disclosures Okayed, Plan Hearing on Feb. 9
-------------------------------------------------------------
The U.S. Bankruptcy Court for the Northern District of Florida will
consider approval of the Chapter 11 plan of reorganization of
Calvin Laron Ford at a hearing on Feb. 9, at 1:30 p.m.

The hearing will be held at 110 E. Park Avenue, 2nd Floor,
Courtroom, Tallahassee, Florida.

The court on Dec. 7 conditionally approved the Debtor's disclosure
statement, allowing him to start soliciting votes from creditors.
The order set a Feb. 2, deadline for creditors to cast their votes
and file their objections.

Under the restructuring plan filed on August 12, unsecured
creditors will receive a dividend of 13%, without interest, over
five years.

                     About Calvin Laron Ford

Calvin Laron Ford operates Tremont Concrete Construction, Inc., as
his primary source of income.  In addition, the Debtor owns rental
properties both in his personal name and in the name of a previous
corporation, CL Ford Contracting, Inc.

The Debtor filed for Chapter 11 bankruptcy protection (Bankr. N.D.
Fla. Case No.14-40634) on Nov. 14, 2016.  The Debtor disclosed
total assets of $976,000 and total debts of $1.010 million.


CAMBRIDGE ACADEMY: Fitch Affirms 'BB-' Rating on $7.2MM Bonds
-------------------------------------------------------------
Fitch Ratings has affirmed the 'BB-' rating on the $7.2 million
outstanding charter school revenue bonds, series 2010, issued by
the Industrial Development Authority of the County of Pima, Arizona
on behalf of Cambridge Academy East (CAE).

The Rating Outlook is revised to Negative from Stable.

                            SECURITY

The bonds are a general obligation of CAE, secured by a first
mortgage on the financed facilities and a cash-funded debt service
reserve sized to transaction maximum annual debt service (TMADS).
There is an intercept mechanism in place directing state funding
disbursements to the trustee to cover debt service on the bonds
before monies are released to the school for operations.  The Fitch
rating does not incorporate the intercept mechanism.

                        KEY RATING DRIVERS

PERSISTENT DECLINE IN ENROLLMENT: The Outlook revision to Negative
is based on a continuing trend of declining enrollment, mostly at
CAE's Queen Creek campus, which is resulting in significant
budgetary pressure for fiscal 2017.  Enrollment declined an overall
26.9% in fall 2016, as a result of past administrative issues, as
well as increased competition from neighboring charter schools.

VOLATILE FINANCIAL PERFORMANCE: CAE's operating margin improved to
3.2% in fiscal 2016 from a small deficit (-2.2% margin) in fiscal
2015.  Management attributes improved performance to increases in
state per pupil funding and managed expense growth.  CAE is
budgeting breakeven operating performance for fiscal 2017; however,
enrollment that is currently under-budget adds operating pressure.

WEAK FINANCIAL CUSHION: CAE's balance sheet resources remain
limited on both a nominal and ratio basis, providing minimal
cushion relative to operating expenses and debt.

HIGH DEBT BURDEN: CAE's debt burden remains high; TMADS was 20.5%
of fiscal 2016 operating revenue.  The school has been able to
cover TMADS from operations for the past four fiscal years,
although debt manageability could be stressed going forward if
enrollment declines persist.

                       RATING SENSITIVITIES

ABILITY TO STABILIZE ENROLLMENT: Cambridge Academy East's inability
to stabilize enrollment and sustain breakeven operations would
stress coverage ratios and cause negative rating pressure.

CHARTER RELATED CONCERNS: A limited financial cushion; substantial
reliance on enrollment-driven per pupil funding; and charter
renewal risk are credit concerns common among all charter schools
that, if pressured, could negatively impact the rating.  Favorably,
CAE's charter was renewed in 2016 for a 20-year term.

                            CREDIT PROFILE

Founded by a family of educators, CAE is a charter school serving
grades K-8.  Originally chartered in 2002, ASBCS renewed CAE's
charter for a 20-year term in 2016.  The school began operations in
1999 and currently operates two campuses, Mesa, serving grades K-6,
and Queen Creek, serving grades K-8, both situated in Maricopa
County, AZ.

Fitch continues to view CAE's highly interconnected board and
administrative structure as less than ideal.  Close ties maintained
between the board, senior management, and the founding family
constitutes a governance structure inconsistent with the
independence typically expected by Fitch.  Nevertheless, CAE's
management team remains committed and effective.

VOLATILE OPERATING RESULTS

Operating results remain volatile, though margins did improve to
3.2% in fiscal 2016 from -2.2% in fiscal 2015.  Management
attributes improved performance mainly to increases in state per
pupil funding and managed expenses.

CAE has a small revenue base, contributing to operating volatility,
with just $3.2 million in operating revenue for fiscal 2016.
Typical of most charter schools, revenue flexibility is very
limited with about 89% of CAE's operating revenues derived from
state per-pupil funding.

Favorably, the funding environment has improved in Arizona from
previous years.  In May 2016, state voters passed Proposition 123
(Prop 123), which raised the base level of per pupil funding to
$3,600 for fiscal 2016 from $3,426.74, an increase of 5%.  The new
legislation ties future increases in base level funding to the rate
of inflation, and generates additional revenues of $3.5 billion for
all Arizona public schools, including charter schools, over the
next 10 years from the State Land Trust, with $50 million having
been paid out in fiscal 2016.

CAE's fiscal 2017 budget is stressed by declines in enrollment and
related revenues are down approximately 16% from fiscal 2016,
despite the improved funding environment.  Most of the enrollment
declines are at the Queen Creek campus.  Management has a history
of matching expenses to revenue and enrollment, and CAE expects
breakeven operations for fiscal 2017.  However, there is
significant budgetary pressure due an overall 26.9% enrollment
decline in fall 2016.

                     CONTINUED ENROLLMENT DECLINES

The Queen Creek campus experienced a significant 25% enrollment
decline in the 2016-2017 academic year, following declines in each
of the last three fiscal years.  Management attributes the declines
to competition from several new charter schools in the area.
Additionally, the campus has been plagued by administrative issues
leading to several teacher resignations.

Average daily membership (ADM), which determines state per pupil
funding, fell in fiscal 2017 to 318 as of the 40-day count,
compared to 425 in fiscal 2016, 438 in fiscal 2015 and 544 in
fiscal 2014.  For the 2016-2017 school year, 335 students are
presently enrolled at CAE's two campuses; 210 at Mesa and 125 at
Queen Creek, compared to 458 for the 2015-2016 school year.
Enrollment at the Mesa campus remained largely stable, declining by
only 10 students, while enrollment at Queen Creek declined by 113
students.

For 2014 (the most recently available data), the Mesa campus
retained its state accountability grade of 'A'.  The Queen Creek
campus was upgraded to 'A' from 'B' following implementation of a
turnaround plan.  Both campuses met their annual measurable
objectives, which the Arizona State Board of Charter Schools uses
to measure school performance.  State academic performance measures
are currently being revised so grades remain on hiatus until 2017
at the earliest. When available, the scores will not be comparable
to 2014.

CAE has made administrative changes at the Queen Creek campus,
including hiring a new principal, which management reports are
gradually repairing damaged community relationships and recapturing
enrollment.  However, area competition remains a concern.

Given its high reliance on enrollment-driven per pupil funding,
rating stability will depend on CAE's ability to stabilize
enrollment and sustain both breakeven operating performance and sum
sufficient debt service coverage.

               WEAK LIQUIDITY AND HIGH DEBT BURDEN

CAE's balance sheet remains limited and provides a very thin
financial cushion relative to operating expenses and debt.
Available funds (AF), or cash and cash equivalents not permanently
restricted, increased to $508,000 as of June 30, 2016, from
$394,000 as of June 30, 2015, but still only covered fiscal 2016
operating expenses ($3.1 million) and outstanding debt
($7.3 million) by a low 7.0% and 16.4%, respectively.

The series 2010 bonds and a small capital lease (approximately
$37,000) are the school's only debt.  Its debt burden remains very
high with TMADS of about $660,000 representing 20.5% of fiscal 2016
operating revenues.  Coverage of TMADS improved to 1.2x in 2016
from 1.0x in 2015 and the school has maintained sum sufficient
coverage over the past four fiscal years.  However, debt
manageability could be stressed going forward if enrollment
declines persist.

Pro forma debt to net available income was high at 9.0x in fiscal
2016, though improved from 10.7x in fiscal 2015, due to the
improved operating performance.  CAE reports no material capital
needs or additional borrowing plans for either campus.  Fitch views
CAE as having no additional debt capacity at its current rating
level.



CARLOS ROBLES TILE: Unsecureds To Recoup 5% in 60 Months
--------------------------------------------------------
Carlos Robles Tile & Stone, Inc., filed with the U.S. Bankruptcy
Court for the District of Puerto Rico an amendment disclosure
statement explaining its amended plan of reorganization, dated Nov.
5, 2016.

Class 2 consists of all secured claims or portions of claims. Any
amount owed under this class will be paid in full over a period not
exceeding five years from the effective date of the Plan. An
interest of 3% annually fixed rate will be paid to secured
creditors allowed claims.

Class 3 are the claims of taxing authorities entitled to priority
pursuant to 11 U.S.C. section 507 (a)(7) to the extent that these
claims are allowed and ordered paid by the Court. Claims allowed in
this class will be paid in full as provided in section 1129 (a)(9).
These claims will be paid in full by Debtor over a period ending
not later than five years after the date of the order for relief.

Class 4 are the claims of unsecured creditors without priority to
the extent that these claims are not disputed and are allowed and
ordered paid by the Court. Creditors in this class will be paid 5%
on monthly installments within a period not to exceed 60 months.

The Plan will be funded by cash on hand at the Effective Date;
future income from savings on reduction of operational expenses
maintaining; and increasing the sales to customers.

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

              http://bankrupt.com/misc/prb15-02004-79.pdf

Headquartered in San Juan, Puerto Rico, Carlos Robles Tile & Stone,
Inc., filed for Chapter 11 bankruptcy protection (Bankr. D.P.R.
Case No.15-02004) on March 19, 2015, listing $800,000 in total
assets and $3.6 million in total liabilities. The petition was
signed by Carlos Robles Marin, president.


CASTLE KEY: A.M. Best Affirms B-(Fair) Fin. Strength Rating
-----------------------------------------------------------
A.M. Best has affirmed the Financial Strength Rating (FSR) of B-
(Fair) and the Long-Term Issuer Credit Rating (Long-Term ICR) of
"bb-" of the members of Castle Key Group (Castle Key)
(headquartered in St. Petersburg, FL). The outlook of these Credit
Ratings (ratings) remains stable.

The ratings reflect Castle Key's marginal overall capitalization
when measured on a catastrophe stress-tested basis and geographic
business concentration resulting in a susceptibility to
catastrophic loss accumulation. As a dedicated Florida property
writer for its parent company, Allstate Insurance Company
(Allstate), Castle Key maintains significant exposure to
hurricanes, with a corresponding substantial reliance on
catastrophe reinsurance.

These negative rating factors are partially offset by Castle Key's
improved operating performance and surplus accumulation over the
last several years, which had been positively impacted by favorable
loss activity due to increased rates and the absence of hurricane
events through the second quarter of 2016. While operating results
in the third quarter of 2016 were adversely impacted by Hurricane
Hermine, these related losses have been manageable, without any
material impact on Castle Key's risk-adjusted capital position.
Furthermore, given Castle Key's reinsurance program, its market
share in Florida, and the current estimates of industry loss, A.M.
Best does not expect that related losses from Hurricane Matthew
will have a material impact on the group's risk-adjusted capital
position.

The ratings also benefit from the historical financial and
operational support provided to Castle Key as part of the Allstate
organization. Castle Key is separately capitalized and not
reinsured by Allstate, but it is A.M. Best's expectation that
Allstate would provide sufficient support to maintain risk-adjusted
capital that is commensurate with Castle Key's rating level in the
event of frequent and/or severe hurricane activity.

The FSR of B- (Fair) and the Long-Term ICRs of "bb-" have been
affirmed for the following members of the Castle Key Group:

Castle Key Insurance Company
Castle Key Indemnity Company
Encompass Floridian Insurance Company
Encompass Floridian Indemnity Company


CEQUEL COMMUNICATIONS: Moody's Affirms B3 Corporate Family Rating
-----------------------------------------------------------------
Moody's Investors Service has changed the outlook for Cequel
Communications Holdings I, LLC (Cequel) to positive from stable and
affirmed its B3 corporate family rating (CFR). The outlook change
reflects the progress the company has made reducing costs over the
last nine months following the change in ownership and management.
Affiliates of Altice NV (Altice) purchased a 70% equity stake in
Cequel in late 2015 and implemented aggressive cost reductions that
have resulted in a decline in leverage to 6.7x for the last twelve
months ended September 30, 2016, from 8.0x at the time of the
acquisition (Moody's adjusted). Cequel's progress with
de-leveraging has outpaced Moody's expectations and has been
achieved without any disruption to Cequel's subscriber metrics.
Moody's has also affirmed Cequel's B3-PD probability of default
rating (PDR), Ba3 senior secured rating, and Caa1 unsecured rating.
Moody's could upgrade Cequel to B2 if the company maintains its
strong performance and its full year audited financials remain
consistent with the year-to-date trends.

Affirmations:

   Issuer: Altice US Finance I Corporation

   -- Senior Secured Bank Credit Facility, Affirmed Ba3 (LGD2)

   -- Senior Secured Regular Bond/Debenture, Affirmed Ba3 (LGD2)

   Issuer: Altice US Finance II Corporation

   -- Senior Unsecured Regular Bond/Debenture, Affirmed Caa1
      (LGD5)

   Issuer: Cequel Communications Holdings I, LLC

   -- Corporate Family Rating, Affirmed B3

   -- Probability of Default Rating, Affirmed B3-PD

   -- Senior Unsecured Regular Bond/Debenture, Affirmed Caa1
      (LGD5)

Outlook Actions:

   Issuer: Cequel Communications Holdings I, LLC

   -- Outlook, Changed To Positive From Stable

RATING RATIONALE

Cequel's leverage has improved by 1.5x since its purchase by Altice
at the end of 2015, fueled by cost savings initiatives implemented
by Altice management. Free cash flow has also improved as the high
growth in EBITDA and lower capital spend has more than offset the
increased interest expense related to the acquisition. Cequel's B3
CFR reflects the company's high leverage and the parent company's
aggressive financial policy. For the last twelve months ended
September 30, 2016, leverage was approximately 6.7x (Moody's
adjusted), which creates risk for a company in a capital intensive,
competitive industry.

Offsetting these limiting factors are Cequel's stable market
position with a strong base of network assets and limited
competition within its footprint other than telco DSL.
Notwithstanding the maturity of the core video product, the
relative stability of the subscription business provides steady
cash flow, and the high quality of Cequel's network supports
continued growth in its residential and commercial businesses
despite tough competition. The company's subscriber penetration
lags behind industry averages, but Moody's expects its high speed
data and phone growth to continue to exceed most peers and views
the planned infrastructure upgrade investment as a credit positive
use of cash that will help Cequel maintain and grow market share.

Moody's could upgrade Cequel's CFR to B2 if leverage is on track to
fall below 6.5x (Moody's adjusted) amidst stable or improved market
share and maintenance of good liquidity. Moody's could downgrade
Cequel if leverage were to rise above 8x (Moody's adjusted), if its
liquidity deteriorated or if Cequel suffered material market share
erosion.

Good free cash flow, balance sheet cash and revolver capacity
support very good liquidity for Cequel. These sources of cash
combine for more than $1 billion of available liquidity. There are
no near-term maturities for Cequel, with no maturities until
November 2020 when the company's $1.5 billion 6.375% notes are
due.

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

Headquartered in St. Louis, Missouri, and doing business as
Suddenlink Communications, Cequel Communications Holdings I, LLC
("Cequel") serves approximately 1 million video subscribers, 1.3
million internet subscribers, and 640 thousand telephony
subscribers. The company generated revenues of approximately $2.5
billion for the last twelve months ended September 30, 2016. On
December 21, 2015, Altice Luexmbourg S.A acquired 70% of Cequel.


CHOXI.COM INC: Lucy Thomson Named Consumer Privacy Ombudsman
------------------------------------------------------------
William K. Harrington, the United States Trustee for the Southern
District of New York, appointed Lucy Thomson as Consumer Privacy
Ombudsman in the Chapter 11 bankruptcy case of Choxi.com Inc.,
a/k/a Nomorerack.com, Inc.

In the Verified Statement, Ms. Thomson assures the Court that she
is neither a creditor, an equity security holder, or an insider of
the Debtor or its Debtor affiliates.  Ms. Thomson further assures
the Court that she is a "disinterested person" as the term is
defined in Section 101(14) of the Bankruptcy Code and does not
represent any interest adverse to the Debtors and their estates.

The appointment of the Consumer Privacy Ombudsman was made in
response to the December 9, 2016 Order directing the U.S. Trustee
to appoint a CPO.

An involuntary Chapter 7 petition (Bankr. S.D.N.Y. Case No.
16-13131) was filed against Choxi.com, Inc., on November 10, 2016.

The Petitioning Creditors were:

    Sanders Collection, Inc.   $252,655
    Consumer Shopping, Inc.     $47,882
    Elite Brands Inc.           $25,576

In answer to the involuntary Chapter 7 petition, Choxi.com filed a
voluntary Chapter 11 petition on December 5, 2016.

The Debtor is represented by:

     Tracy L. Klestadt, Esq.
     Klestadt, Winters, Jureller, Southard & Stevens, LLP
     200 West 41st Street, 17th Floor
     New York, NY 10036
     Phone: (212) 972-3000
     Email: tklestadt@klestadt.com

William K. Harrington, U.S. Trustee for Region 2, on Dec. 15
appointed three creditors of Choxi.com, Inc., to serve on the
official committee of unsecured creditors.


CHOXI.COM INC: U.S. Trustee Forms 3-Member Committee
----------------------------------------------------
William K. Harrington, U.S. Trustee for Region 2, on Dec. 15
appointed three creditors of Choxi.com, Inc., to serve on the
official committee of unsecured creditors.

The committee members are:

     (1) Shamrock Industries, LLC
         4061 Hickory Hill
         Memphis, TN 38115
         Attn: Brian Bray, CEO
         Tel: (901) 336-0135

     (2) Elite Brands, Inc.
         40 Wall Street, 61st Floor
         New York, NY 10005
         Attn: Norman Didia, President
         Tel: (212) 947-7100

     (3) Pearl Enterprises, LLC
         dba JR Trading Company
         575 Prospect Street, Suite 251F
         Lakewood, NJ 08701

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.

An involuntary Chapter 7 petition (Bankr. S.D.N.Y. Case No.
16-13131) was filed against Choxi.com, Inc., on November 10, 2016.

The Petitioning Creditors were:

    Sanders Collection, Inc.   $252,655
    Consumer Shopping, Inc.     $47,882
    Elite Brands Inc.           $25,576

In answer to the involuntary Chapter 7 petition, Choxi.com filed a
voluntary Chapter 11 petition on December 5, 2016.

The Debtor is represented by:

     Tracy L. Klestadt, Esq.
     Klestadt, Winters, Jureller, Southard & Stevens, LLP
     200 West 41st Street, 17th Floor
     New York, NY 10036
     Phone: (212) 972-3000
     Email: tklestadt@klestadt.com


CHRISTOPHER CONNOLLY: Hearing on Plan Outline Set for Jan. 18
-------------------------------------------------------------
The U.S. Bankruptcy Court for the Western District of Pennsylvania
is set to hold a hearing on Jan. 18, at 1:30 p.m., to consider
approval of the disclosure statement explaining the Chapter 11 plan
of Christopher Connolly.

The hearing will take place at Courtroom B, 54th Floor, U.S. Steel
Tower, 600 Grant Street, Pittsburgh, Pennsylvania.  Objections are
due by Jan. 11.

The Debtor is represented by:

     Robert O Lampl, Esq.
     960 Penn Avenue, Suite 1200
     Pittsburgh, PA 15222

                   About Christopher Connolly

Christopher Connolly sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. W.D. Pa. Case No. 15-20238) on January 26,
2015.  The case is assigned to Judge Carlota M. Bohm.


CLAIRE'S STORES: Posts $150.5 Million Net Income for Third Quarter
------------------------------------------------------------------
Claire's Stores, Inc. filed with the Securities and Exchange
Commission its quarterly report on Form 10-Q disclosing net income
of $150.57 million on $312.04 million of net sales for the three
months ended Oct. 29, 2016, compared to a net loss of $35.93
million on $332.67 million of net sales for the three months ended
Oct. 31, 2015.  

The decrease in net sales was attributable to the effect of store
closures, an unfavorable foreign currency translation effect of our
non-U.S. net sales, a decrease in same store sales and decreased
shipments to franchisees, partially offset by an increase in new
concession store sales and new store sales.  Net sales would have
decreased 4.0% excluding the impact of foreign currency exchange
rate changes.

For the nine months ended Oct. 29, 2016, the Company reported net
income of $79.74 million on $928.86 million of net sales compared
to a net loss of $90.22 million on $1 bilion of net sales for the
nine months ended Oct. 31, 2015.

As of Oct. 29, 2016, Claire's Stores had $2.06 billion in total
assets, $2.55 billion in total liabilities and a stockholders'
deficit of $490.47 million.

Adjusted EBITDA in the fiscal 2016 third quarter was $37 million
compared to $39.2 million last year.  Adjusted EBITDA would have
been $37.2 million excluding both unfavorable foreign currency
translation effect and the foreign exchange effect on merchandise
margin in the third quarter of 2016.  The Company defines Adjusted
EBITDA as earnings before income taxes, net interest expense,
depreciation and amortization, loss (gain) on early debt
extinguishments, and asset impairments.  Adjusted EBITDA excludes
management fees, severance, the impact of transaction-related costs
and certain other items.

As of Oct. 29, 2016, cash and cash equivalents were $40.5 million.
The Company had $0.9 million of availability under its Credit
Facilities as of Oct. 29, 2016.  The fiscal 2016 third quarter cash
balance decrease of $34.8 million from the second quarter consisted
of $69.6 million of cash interest payments, $11.2 million of
financing fees incurred in connection with an exchange offer and
refinancing of revolving credit facilities, $3.8 million of capital
expenditures and $6.7 million for tax payments and other items,
offset by positive impacts of $37.0 million of Adjusted EBITDA,
$11.6 million from a capital contribution from the Company's
parent, $4.0 million from seasonal working capital sources and $3.9
million from net borrowings under the Credit Facilities.

In connection with the Company's assessment of impairment of
goodwill and other indefinite-lived intangible assets, the Company
recorded an estimated goodwill impairment charge of $130 million
during the 2016 third quarter.  The Company also recorded an
estimated impairment charge of $9.0 million for identifiable
intangible assets and $3.3 million for long-lived assets.  These
estimated impairment charges should be considered preliminary and
subject to change.  These estimated impairment charges are
non-cash, and do not affect any debt agreements, and do not have
any effect on the Company's liquidity or cash flow.

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

                       https://is.gd/YrisP1

Claire's Stores furnished with the SEC schedules containing certain
supplemental financial information as of and for the three and nine
months ended Oct. 29, 2016, respecting (i) the Company and its
subsidiaries (excluding CLSIP Holdings LLC and CLSIP LLC, which
have been designated as "unrestricted subsidiaries" under the
Company's debt agreements), (ii) Claire's (Gibraltar) Holdings
Limited and its subsidiaries, and (iii) CLSIP Holdings LLC and
CLSIP LLC that has been provided to lenders of these entities under
existing credit agreements.  Copies of the Supplemental Schedules
are available at https://is.gd/rQ0GhK

                       About Claire's Stores

Hoffman Estates, Ill.-based Claire's Stores, Inc. --
http://www.clairestores.com/-- is a specialty retailer of
fashionable jewelry and accessories for young women, teens, tweens
and girls ages 3 to 35.  The Company operates through its stores
under two
brand names: Claire's and Icing.  As of July 30, 2016, Claire's
Stores, Inc. operated 2,801 stores in 17 countries throughout North
America and Europe, excluding 806 concession locations.  The
Company franchised 596 stores in 29 countries primarily located in
the Middle East, Central and Southeast Asia, Central and South
America, Southern Africa and Eastern Europe.

                           *     *     *

In October 2016, Moody's Investors Service downgraded to 'Ca' from
'Caa3' the corporate family rating of Claire's Stores, Inc., and
took rating actions on various instruments.  The outlook remains
negative.  "These rating actions result from Claire's closing its
exchange offer, which we characterized as a distressed exchange, as
well as new credit facilities which were issued in tandem with the
closing of the exchange," stated Moody's Vice President Charlie
O'Shea.

In October 2016, S&P Global Ratings raised its corporate credit
rating on Claire's Stores to 'CC' from 'SD'.  "The rating action
follows our review of Claire's capital structure, its liquidity
position following the recent debt exchange, and our expectations
for future restructuring actions.  The company issued approximately
$179 million of new term loans that were used to cancel roughly
$575 million of notes and extend the debt maturities," said credit
analyst Samantha Stone.  "The transaction is estimated to save the
company $24 million in annual cash interest savings."


CLINT ROSS: Jan. 5 Disclosure Statement Hearing
-----------------------------------------------
Judge Jimmy L. Croom of the U.S. Bankruptcy Court for the Western
District of Tennessee will convene a hearing on Jan. 5, 2017 at
9:30 A.M. to consider approval of Clint A. Ross' and Crystal P.
Ross' disclosure statement and chapter 11 plan, dated Nov. 28,
2016.

Objections to the disclosure statement can be filed at any time
prior to the actual approval of the Disclosure Statement.

The Debtors' disclosure statement and plan of reorganization filed
on Nov. 28, 2016, provides that general unsecured creditors are
classified in Class 2, and will receive a distribution of 2% of
their allowed claims, to be distributed per the treatment set out
in the Plan.

Payments and distributions under the Plan will be funded by
revenues generated through Debtors specialty store, The Farmhouse.


The Disclosure Statement is available at:

           http://bankrupt.com/misc/tnwb16-10191-113.pdf

                        About Clint A. Ross

Clint A. Ross and Crystal P. Ross are engaged in an organic beef
and specialty shop along with a lawn service.  They sought Chapter
11 protection (Bankr. W.D. Tenn. Case No. 16-10191) on Feb. 1,
2016.  The Debtors tapped Thomas Strawn, Esq. as counsel.



COMSTOCK RESOURCES: Gets $26.7M From Texas Properties Divestiture
-----------------------------------------------------------------
Comstock Resources, Inc., has closed the previously announced sale
of its conventional natural gas properties in South Texas.  The
Company received proceeds of $26.7 million from the divestiture
representing the sales price of $28 million as adjusted for
activity subsequent to the effective date.  Comstock intends to use
the proceeds from the sale toward funding its 2016 drilling
program.

Additionally, the Company announced that it has expanded its
hedging program for 2017 with the recent improvement in natural gas
prices.  Currently, the Company has hedged 50 million cubic feet
per day of its 2017 natural gas production at $3.32 per Mmbtu.

                    About Comstock Resources

Comstock Resources, Inc. is an independent energy company based in
Frisco, Texas and is engaged in oil and gas acquisitions,
exploration and development primarily in Texas and Louisiana.  The
Company's stock is traded on the New York Stock Exchange under the
symbol CRK.

The Company reported a net loss of $1.04 billion for the year ended
Dec. 31, 2015, compared to a net loss of $57.11 million for the
year ended Dec. 31, 2014.  As of Sept. 30, 2016, Comstock had
$885.5 million in total assets, $1.10 billion in total liabilities
and a total stockholders' deficit of $220 million.

                        *     *     *

As reported by the TCR on Sept. 23, 2016, S&P Global Ratings raised
its corporate credit rating on Comstock Resources Inc. to 'CCC+'
from 'SD' (selective default).  The outlook is negative.  "The
rating actions on Comstock are in conjunction with the
Sept. 6, 2016, close of their comprehensive debt exchange and our
assessment of the company's revised capital structure and credit
profile," said S&P Global Ratings credit analyst Aaron McLean.

Comstock Resources carries a 'Caa2' corporate family rating from
Moody's Investors Service.


CONDUENT INC: S&P Raises Rating on Sr. Secured Debt to 'BB+'
------------------------------------------------------------
S&P Global Ratings said that it has reviewed its recovery and
issue-level ratings for Conduent, Inc. that were labeled as "under
criteria observation" (UCO) after publishing its revised recovery
ratings criteria on Dec. 7, 2016.  With S&P's criteria review
complete, it is removing the UCO designation from these ratings and
are raising its issue level rating on the senior secured debt to
'BB+' from 'BB' based on a '2' recovery rating instead of the
previous recovery rating of '3'.  The '2' recovery rating indicates
S&P's expectation for substantial recovery (70%-90%; at the lower
end of the range) in the event of payment default.  The senior
secured debt includes the $850 million term loan B due 2023 which
was recently upsized from $750 million.

These rating actions stem solely from the application of S&P's
revised recovery criteria and do not reflect any change in its
assessment of the corporate credit ratings for issuers of the
affected debt issues.

RATINGS LIST

Conduent, Inc
Corporate Credit Rating                  BB/Negative

Issue Rating Raised; Recovery Rating Revised
                                         To        From
Affiliated Computer Services International B.V.
Xerox Business Services, LLC
  Senior secured                         BB+         BB
   Recovery rating                       2L          3H

Ratings Affirmed

Xerox Business Services, LLC
Conduent Finance, Inc.
  Senior Unsecured                       B+
   Recovery Rating                       6



CONSOLIDATED COMMUNICATIONS: Moody's Rates New $935MM Loan 'Ba3'
----------------------------------------------------------------
Moody's Investors Service assigned a Ba3 rating to Consolidated
Communications, Inc.'s ("Consolidated") proposed $935 million term
loan B. On December 5, 2016 Consolidated agreed to acquire
FairPoint Communications Inc. ("FairPoint") in an all-stock
transaction valued at approximately $1.5 billion, including
FairPoint's existing debt. The proceeds of the term loan will be
used to repay debt at FairPoint and pay transaction-related fees
and expenses. The outlook remains stable.

The following ratings actions were taken:

Assignments:

   Issuer: Consolidated Communications, Inc.

   -- Senior Secured Bank Credit Facility (Local Currency) Oct 2,
      2023, Assigned Ba3 (LGD 3)

Outlook Actions:

   Issuer: Consolidated Communications Finance II Co.

   -- Outlook, Assigned Stable

   Issuer: Consolidated Communications, Inc.

   -- Outlook, Remains Stable

Affirmations:

   Issuer: Consolidated Communications Finance II Co.

   -- Senior Unsecured Regular Bond/Debenture, Affirmed B3 (LGD 5)

   Issuer: Consolidated Communications, Inc.

   -- Senior Secured Bank Credit Facility, Affirmed Ba3 (LGD 3)

RATINGS RATIONALE

Consolidated's B1 corporate family rating reflects its strong
EBITDA margins in the mid 40% range (including dividends received
from its wireless investments) good cash flow (prior to dividend
payments and capex spend), and the company's track record of
successfully integrating prior acquisitions. The company is
successfully transforming from a Tier 2 voice provider to a next
generation IP service provider. Consolidated benefits from
diversified operations as well as an advanced fiber network that
has more stable revenue prospects. Enhanced VOIP, IPTV, and
broadband services offer the potential to sell double or triple
play packages that could reduce churn rates and diversify its
revenue stream away from traditional access lines. However, these
services have lower margins and subject the company to potentially
higher TV programming expenses compared to larger competitors, and
expose Consolidated to potential new internet based TV offerings.

The FairPoint acquisition is positive for Consolidated because it
will result in a modest decrease in leverage, increased scale and
the potential for growth through greater investment into the legacy
FairPoint properties. Consolidated expects to generate $55 million
of annual operating synergies within a two year period following
deal close. The cost savings and utilization of an estimated $300
million in net operating losses will boost Consolidated's free cash
flow, but higher dividends resulting from stock issued to finance
the deal will offset much of the benefit.

Consolidated's ratings could be upgraded if leverage is sustained
below 3.25x (Moody's adjusted) and cash flow and liquidity are
strong. The ratings could be downgraded if leverage rises above
5.25x (Moody's adjusted) or if cash flows or liquidity weaken.

The principal methodology used in these ratings was "Global
Telecommunications Industry" published in December 2010.

Consolidated Communications Holdings, Inc. provides communications
services in consumer, commercial and carrier channels in
California, Illinois, Iowa, Kansas, Minnesota, Missouri, North
Dakota, Pennsylvania, South Dakota, Texas and Wisconsin. The
company maintains headquarters in Mattoon, IL, and its LTM revenue
is $755 million as of 9/30/16.


CONTROL COMMUNICATIONS: Plan Confirmation Hearing Set for Jan. 18
-----------------------------------------------------------------
The U.S. Bankruptcy Court for the Southern District of Florida is
set to hold a hearing on Jan. 18, at 10:30 a.m., to consider
approval of the disclosure statement and the Chapter 11 plan of
Control Communications, Inc.

The hearing will take place at the Bankruptcy Court, 299 E. Broward
Blvd, #301, Fort Lauderdale, Florida.  Objections are due by Jan.
13.  Creditors have until Jan. 9 to cast their votes.

                  About Control Communications

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

The Debtor employs Louis M. Cohen and the accounting firm of Caler,
Donten, Levine, Cohen, Porter & Veil, P.A. as accountant.

The Office of the U.S. Trustee disclosed in a court filing that no
official committee of unsecured creditors has been appointed in the
Chapter 11 case of Control Communications, Inc.


COSI INC: Court Approves Procedures for Transfers of Common Stock
-----------------------------------------------------------------
Cosi, Inc., the fast-casual restaurant company, announced that, on
Dec. 7, 2017, the U.S. Bankruptcy Court for the District of
Massachusetts (Eastern Division) entered a final order approving
notification and hearing procedures for certain transfers of common
stock.  The Order sets forth the procedures, including notice
requirements, that substantial shareholders, or potential
substantial shareholders, must comply with regarding transfers of
the Company's common stock.  The terms and conditions of the
Procedures were immediately effective and enforceable upon entry of
the Order by the Court.

Any transfer of beneficial ownership of the Company's common stock
in violation of the Procedures, including the notice requirements,
are null and void ab initio, and the person or entity making such
transfer will be required to take such steps as the Court
determines are necessary in order to be consistent with such
transfer being null and void ab initio.

For purposes of the Procedures, a "Substantial Shareholder" is any
entity or individual that has beneficial ownership of at least
2,136,131 shares of common stock (representing approximately 4.5%
of all issued and outstanding shares of common stock.

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

                       goo.gl/344hrr

                      About Cosi Inc.

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

Cosi, Inc. and its affiliated debtors filed chapter 11 petitions
(Bankr. D. Mass. Lead Case No. 16-13704-MSH) on Sept. 28, 2016.

The Debtors tapped Joseph H. Baldiga, Esq. and Paul W. Carey, Esq.,
at Mirick, O'Connell, DeMallie & Lougee, LLP, as counsel; The
O'Connor Group serves as their financial consultant; and Randy
Kominsky of Alliance for Financial Growth, Inc., as chief
restructuring officer to the Debtors.

The U.S. Trustee appointed an Official Committee of Unsecured
Creditors composed of: Robert J. Dourney, Honor S. Heath of Nstar
Electric Company, and Paul Filtzer of SRI EIGHT 399 Boylston. The
Creditors Committee is represented by Lee Harrington, Esq., at
Nixon Peabody LLP. Deloitte Financial Advisory Services LLP serves
as financial advisor for the Committee.


CUMULUS MEDIA: Files Sues JPMorgan Over Refinancing Plan
--------------------------------------------------------
In connection with its exchange offer, on Dec. 12, 2016, Cumulus
Media Holdings Inc. and Cumulus Media Inc. filed a complaint in the
U.S. District Court in the Southern District of New York against
J.P. Morgan Chase Bank, N.A. as Administrative Agent under the
Amended and Restated Credit Agreement, dated as of Dec. 23, 2013,
among Cumulus Media Holdings Inc., as borrower, Cumulus Media Inc.,
as parent, JPMorgan Chase Bank, N.A., as Administrative Agent, and
other parties.

The Company is seeking a declaration that it is authorized under
the Credit Agreement to proceed with a refinancing that is intended
to deleverage the Company by up to $305 million.  The Company also
seeks a declaration that JPMorgan Chase Bank, N.A., in its capacity
as Administrative Agent under the Credit Agreement, has
unreasonably withheld consent to certain components of the
Company's refinancing.  The Company seeks an order of specific
performance requiring JPMorgan Chase Bank, N.A. to comply with its
contractual obligation to consent to the Company's refinancing and
(1) to sign agreements pursuant to the Credit Agreement that assign
the Credit Agreement's revolving loan commitments to new revolving
lenders; (2) to sign an amendment to increase the aggregate
principal amount of revolving credit available under the Credit
Agreement by up to $105 million; and (3) to sign an amendment to
modify the leverage ratio covenant, among other things, relating to
the Credit Agreement's revolving credit facility.  The Company
believes that all of these actions are authorized under the Credit
Agreement.

                     About Cumulus Media

Atlanta, Georgia-based Cumulus Media Inc. --
http://www.cumulus.com/-- is a radio broadcasting company.  The
Company is also a provider of country music and lifestyle content
through its NASH brand, which serves through radio programming,
NASH Country Weekly magazine and live events.  Its product lines
include broadcast advertising, digital advertising, political
advertising and non-advertising based license fees.  Its broadcast
advertising includes the sale of commercial advertising time to
local, national and network clients.  Its digital advertising
includes the sale of advertising and promotional opportunities
across its Websites and mobile applications.  Its across the nation
platform generates content distributable through both broadcast and
digital platforms.

Cumulus Media put AR Broadcasting Holdings Inc. and three other
units to Chapter 11 protection (Bankr. D. Del. Lead Case No.
11-13674) in 2011 after struggling to pay off debt that topped
$97 million as of June 30, 2011.

Cumulus Media reported a net loss attributable to common
shareholders of $546 million on $1.16 billion of net revenue for
the year ended Dec. 31, 2015, compared to net income attributable
to common shareholders of $11.8 million on $1.26 billion of net
revenue for the year ended Dec. 31, 2014.

As of Sept. 30, 2016, Cumulus Media had $3.05 billion in total
assets, $2.99 billion in total liabilities and $51.39 million in
total stockholders' equity.

                          *     *     *

In December 2016, S&P Global Ratings lowered its corporate credit
ratings on Cumulus Media Inc. and its subsidiary Cumulus Media
Holdings Inc. to 'CC' from 'CCC'.  The rating outlook is negative.
"The downgrade follows Cumulus' announcement that it has offered to
exchange its 7.75% senior notes due 2019 for debt and common stock
in the company," said S&P Global Ratings' credit analyst Jeanne
Shoesmith.

In March 2016, Moody's Investors Service downgraded Cumulus Media
Inc.'s Corporate Family Rating to Caa1 from B3 and Probability of
Default Rating to Caa1-PD from B3-PD.  Cumulus' Caa1 Corporate
Family Rating reflects the company's excessive leverage with
debt-to-EBITDA exceeding 9.5x (including
Moody's standard adjustments) and Moody's revised expectation that
debt-to-EBITDA will remain elevated over the next 12 months due to
continued declines in network revenue and increased operating
expenses more than offsetting the benefits from an expected
increase in station group revenue and political ad sales in 2016.


CUMULUS MEDIA: Launches Private Exchange Offer for 7.75% Sr. Notes
------------------------------------------------------------------
Cumulus Media Inc. announced the launch of a private exchange offer
for any and all 7.75% Senior Notes due 2019 issued by Cumulus Media
Holdings Inc., a direct wholly-owned subsidiary of the Company, and
guaranteed by the Company.

As previously reported, on Dec. 6, 2016, the holders of
approximately $349.7 million, or 57.3%, of the aggregate principal
amount of the Outstanding Notes entered into a refinancing support
agreement with the Company, Holdings, and certain subsidiaries of
Holdings, pursuant to which the Supporting Noteholders agreed to
tender their Outstanding Notes in the Exchange Offer, subject to
certain conditions set forth in the Refinancing Support Agreement.

The purpose of the Exchange Offer is to refinance the Outstanding
Notes and thereby reduce, and extend the maturity of, the Company's
indebtedness, which the Company believes will promote its long-term
financial viability.  The Company will not retain any cash proceeds
from borrowings incurred in connection with the Exchange Offer.
The Outstanding Notes tendered and refinanced in connection with
the Exchange Offer will be retired and cancelled and will not be
reissued.

If 100% of the aggregate principal amount of the Outstanding Notes
is tendered and accepted in the Exchange Offer, upon completion of
the Exchange Offer, former noteholders will hold approximately
33.3% of the common equity of the Company (based on outstanding
common stock as of Dec. 12, 2016, and after giving effect to the
Exchange Offer) and the Company will have retired $610 million in
outstanding unsecured indebtedness represented by the Outstanding
Notes and incurred $305 million in secured indebtedness represented
by the revolving loans under the Company's existing credit
agreement.

The consideration provided to holders in the Exchange Offer will
consist of (i) (a) revolving loans due 2020 or (b) participation
interests in the revolving loans and (ii) shares of the Company's
Class A common stock (and/or warrants to purchase an equal number
of shares of Class A common stock if deemed necessary to comply
with the requirements of the Communications Act of 1934, as
amended, or the rules, regulations and policies promulgated by the
Federal Communications Commission in effect from time to time) for
any and all Outstanding Notes tendered by such holders in the
Exchange Offer.  At the settlement date of the Exchange Offer, the
participation interests will automatically be deposited into an
entity that will be established to effect the refinancing, Cumulus
Pass Through Trust, a Delaware statutory trust, in exchange for an
equal aggregate principal amount of new trust certificates due
2020, representing fractional undivided interests in the property
of the Trust.  The Trust Property will consist of:

   (a) participation interests in the revolving loans, with an
       aggregate principal amount equal to the aggregate principal
       amount of outstanding trust certificates;

   (b) funds resulting from payments made in respect of interest
       and fees on the revolving loans and repayments of revolving
       loans with a corresponding reduction in commitments, in
       each case which are deposited into the Trust from time to
       time for distribution to holders of trust certificates;

   (c) funds resulting from repayments of principal on the
       revolving loans without a corresponding reduction in
       commitments that are deposited on behalf of the Trust with
       an institution, as a lender under the existing credit
       agreement, from time to time and held by the new revolving
       lender to fund any future revolving borrowings or for
       distribution to the Trust for distribution to
       Certificateholders once the commitments relating to such
       repayment amounts have been terminated; and

   (d) certain other assets and contractual rights and remedies as
       described in more detail in the Offering Memorandum
       provided to noteholders in connection with the Exchange  
       Offer.

The revolving loans will be issued under the Amended and Restated
Credit Agreement, dated as of Dec. 23, 2013, among Holdings, as
borrower, the Company, as parent, JPMorgan Chase Bank, N.A., as
administrative agent, and the other parties from time to time party
thereto.  In connection with the Exchange Offer, Holdings will
borrow up to $305 million aggregate principal amount of revolving
loans under the existing credit agreement.  The revolving loans
will be general obligations of Holdings, secured by first priority
liens, ratably with the first priority liens securing other
obligations under the existing credit agreement, on substantially
all of the assets of Holdings (other than certain excluded assets)
and will be guaranteed on a senior secured basis by the Company and
the subsidiaries of Holdings that guarantee the other obligations
under the existing credit agreement.

As previously reported, in connection with the Exchange Offer, the
Company will seek to amend and restate its Third Amended and
Restated Certificate of Incorporation to provide for the issuance
of (i) shares of Class D common stock of the Company, and (ii)
shares of Class E common stock of the Company to certain Supporting
Noteholders, in addition to the consideration otherwise provided to
those Supporting Noteholders in the Exchange Offer, in
consideration of the Company's obligations under the Refinancing
Support Agreement to provide such Supporting Noteholders with
certain governance rights, including the ability to collectively
nominate two directors to the Company's board of directors. Subject
to certain conditions, the Supporting Noteholders that receive
shares of Class D common stock and Class E common stock may elect
or designate the Noteholder Directors at each annual meeting of the
Company's stockholders.  The shares of Class D common stock and
Class E common stock issued to such Supporting Noteholders will not
have any voting rights, other than with respect to the election of
the Noteholder Directors or as provided by law.  The holders of
Class D common stock and Class E common stock will share equally on
a per share basis with the holders of Class A common stock with
respect to dividends or other distributions that may be declared by
the Company's board of directors from time to time or in the
liquidation or winding up of the Company.  The shares of Class D
common stock and Class E common stock will be automatically
convertible into an equal number of shares of Class A common stock
upon the occurrence of certain events or at the option of the
holder thereof.

A table that sets forth the consideration offered in the Exchange
Offer is available for free at https://is.gd/O4pUlN

Eligible Holders that properly tender their Outstanding Notes prior
to 5:00 p.m., New York City time, on Dec. 23, 2016, and do not
properly withdraw their tender at or prior to 5:00 p.m., New York
City time, on Dec. 23, 2016, and whose Outstanding Notes are
accepted for exchange by the Company, will receive the Total
Exchange Consideration set out in the table above, which includes
an early tender premium equal to $50, payable in revolving loans or
participation interests at the holder's election.  Eligible Holders
that properly tender their Outstanding Notes after the Early Tender
Date, but at or prior to the expiration date, expected to be on or
around 11:59 p.m., New York City time, on Jan. 10, 2017, will
receive the Exchange Consideration set out in the table above,
which does not include the Early Tender Premium. Tendered
Outstanding Notes may not be withdrawn subsequent to the Withdrawal
Deadline, subject to limited exceptions.

In connection with the Exchange Offer, the new revolving lender and
those Eligible Holders receiving revolving loans in the Exchange
Offer will seek an assignment of the revolving commitments
currently held by the lenders under our existing revolving credit
facility under the existing credit agreement, which will become
effective upon the consent of the Administrative Agent, which may
not be unreasonably withheld or delayed.  To the extent any
revolving commitments remain unassigned to either the new revolving
lender or to the exchanging revolving lenders at the Settlement
Date, the aggregate principal amount of such undrawn revolving
commitments will be, when borrowed to refinance the Outstanding
Notes, distributed on the Settlement Date in cash on a pro rata
basis to Eligible Holders participating in the Exchange Offer in
lieu of a like amount of revolving loans or participation
interests, as applicable, such Eligible Holder would otherwise be
entitled to receive in the Exchange Offer.

The Company may extend the Early Tender Date or the Expiration Date
without extending the Withdrawal Deadline, unless otherwise
required by law.  Subsequent to the Withdrawal Deadline and/or the
Expiration Date and prior to the consummation of the Exchange
Offer, which will not occur until the conditions to the Exchange
Offer, including the conditions under the Support Agreement, have
been satisfied or waived, the Company may retain all tendered
outstanding notes, unless otherwise required by law.

Ipreo LLC has been appointed as the exchange agent and the
information agent for the Exchange Offer.  Questions concerning the
Exchange Offer, procedures for tendering Outstanding Notes in the
Exchange Offer or requests for additional copies of the Offering
Memorandum or other documentation relating to the Exchange Offer
should be directed to Ipreo at the following address:

                         Ipreo LLC
                  1359 Broadway, 2nd Floor
                  New York, New York 10018
                    Attn: Aaron Dougherty
           Banks and Brokers call: (212) 849-3880
                  Toll free: (888) 593-9546
                E-mail: exchangeoffer@ipreo.com

The Exchange Offer will be made, and the revolving loans, the
participation interests, the trust certificates and the shares of
Class A common stock (or warrants, if applicable), Class D common
stock and Class E common stock will be offered and issued, only to
holders of Outstanding Notes that (a) are both (i) "qualified
institutional buyers" as defined in Rule 144A under the Securities
Act of 1933, as amended, which are also institutional "accredited
investors" as defined in the Securities Act, and (ii) "qualified
purchasers" as defined in Section 2(a)(51) of the Investment
Company Act of 1940, as amended, and (b) are not "benefit plan
investors" as defined in Section 3(42) of the Employee Retirement
Income Security Act of 1974, as amended, in a private placement in
reliance upon an exemption from the registration requirements of
the Securities Act.  The holders of Outstanding Notes that are
eligible to participate in the Exchange Offer pursuant to the
foregoing conditions are referred to as "Eligible Holders."  The
holders of Outstanding Notes that are not Eligible Holders will not
be able to receive the Offering Memorandum or to participate in the
Exchange Offer.

The offering of the revolving loans, the participation interests,
the trust certificates and the shares of Class A common stock (or
warrants, if applicable), Class D common stock and Class E common
stock will not be registered under the Securities Act or any state
securities law.  The trust certificates and the shares of Class A
common stock (or warrants, if applicable), Class D common stock and
Class E common stock will be subject to restrictions on transfer
and may not be offered or sold except pursuant to an exemption
from, or in a transaction not subject to, the registration
requirements of the Securities Act.  In accordance with the terms
of the Refinancing Support Agreement, at the Settlement Date, the
Company will enter into a registration rights agreement with the
Supporting Noteholders pursuant to which the Company will agree to
file with the Securities and Exchange Commission, within 60 days
following the Settlement Date, subject to the terms and conditions
contained in the Registration Rights Agreement, a registration
statement registering for resale (i) the shares of Class A common
stock issued in the Exchange Offer (or warrants, if applicable, and
shares of Class A common stock underlying such warrants, if
applicable) and (ii) the shares of Class A common stock into which
the shares of Class D common stock and Class E common stock issued
to certain Supporting Noteholders are convertible.  Additionally,
the Trust has not been and will not be registered as an "investment
company" under the Investment Company Act, in reliance on the
exemption set forth in Section 3(c)(7) thereof.

Further detail regarding the Exchange Offer, including certain
conditions to the consummation of the Exchange Offer, has been
provided in a Current Report on Form 8-K filed by the Company on
Dec. 12, 2016, and available at https://is.gd/2A9tPq

The Exchange Offer is subject to numerous conditions including
those contained in the Refinancing Support Agreement which are
described in the Company's Current Report on Form 8-K filed with
the Securities and Exchange Commission on Dec. 7, 2016.  The
Company gives no assurance that these conditions will be satisfied
or waived.

                      About Cumulus Media

Atlanta, Georgia-based Cumulus Media Inc. --
http://www.cumulus.com/-- is a radio broadcasting company.  The
Company is also a provider of country music and lifestyle content
through its NASH brand, which serves through radio programming,
NASH Country Weekly magazine and live events.  Its product lines
include broadcast advertising, digital advertising, political
advertising and non-advertising based license fees.  Its broadcast
advertising includes the sale of commercial advertising time to
local, national and network clients.  Its digital advertising
includes the sale of advertising and promotional opportunities
across its Websites and mobile applications.  Its across the nation
platform generates content distributable through both broadcast and
digital platforms.

Cumulus Media put AR Broadcasting Holdings Inc. and three other
units to Chapter 11 protection (Bankr. D. Del. Lead Case No.
11-13674) in 2011 after struggling to pay off debt that topped
$97 million as of June 30, 2011.

Cumulus Media reported a net loss attributable to common
shareholders of $546 million on $1.16 billion of net revenue for
the year ended Dec. 31, 2015, compared to net income attributable
to common shareholders of $11.8 million on $1.26 billion of net
revenue for the year ended Dec. 31, 2014.

As of Sept. 30, 2016, Cumulus Media had $3.05 billion in total
assets, $2.99 billion in total liabilities and $51.39 million in
total stockholders' equity.

                          *     *     *

In December 2016, S&P Global Ratings' said that it lowered its
corporate credit ratings on Atlanta-based Cumulus Media Inc. and
its subsidiary Cumulus Media Holdings Inc. to 'CC' from 'CCC'.  The
rating outlook is negative.  "The downgrade follows Cumulus'
announcement that it has offered to exchange its 7.75% senior notes
due 2019 for debt and common stock in the company," said S&P Global
Ratings' credit analyst Jeanne
Shoesmith.

In March 2016, Moody's Investors Service downgraded Cumulus Media
Inc.'s Corporate Family Rating to 'Caa1' from 'B3' and Probability
of Default Rating to 'Caa1-PD' from B3-PD.  Cumulus' 'Caa1'
Corporate Family Rating reflects the company's excessive leverage
with debt-to-EBITDA exceeding 9.5x (including Moody's standard
adjustments) and Moody's revised expectation that debt-to-EBITDA
will remain elevated over the next 12 months due to continued
declines in network revenue and increased operating expenses more
than offsetting the benefits from an expected increase in station
group revenue and political ad sales in 2016.


CUPEYVILLE SCHOOL: Plan Confirmation Hearing Set for Jan. 11
------------------------------------------------------------
Judge Mildred Caban Flores of the U.S. Bankruptcy Court for the
District of Puerto Rico approved the disclosure statement
describing the plan of reorganization filed by Cupeyville School
Inc on Nov. 4, 2016.

A hearing for the consideration of confirmation of the plan and of
such objections as may be made to the confirmation of the plan will
be held on Jan. 11, 2017 at 09:00 A.M. at the Jose V. Toledo
Federal Building and US Courthouse, 300 Recinto Sur Street,
Courtroom 3, Third Floor, San Juan, Puerto Rico.

Acceptances or rejections of the Plan may be filed in writing by
the holders of all claims on/or before 14 days prior to the date of
the hearing on confirmation of the Plan.

Any objection to confirmation of the plan shall be filed on/or
before 14 days prior to the date of the hearing on confirmation of
the Plan.

Under the plan, holders of allowed General Unsecured Claims
(excluding those from Debtor's Shareholders), of $75,000 or less,
will be paid in full satisfaction of their claims 5% thereof, in
cash, on the Effective Date. The Holders of Allowed General
Unsecured Claims over $75,000, will be paid in full satisfaction of
their claims 5% thereof through 60 equal consecutive monthly
installments of $1,324.37, commencing on the Effective Date of
Debtor's Plan and continuing on the 30th day of the subsequent 59
months.

The Disclosure Statement is available at:

           http://bankrupt.com/misc/prb15-09822-76.pdf

                About Cupeyville School

Cupeyville School, Inc., is a private, non-sectarian,
co-educational college preparatory institution, located at Cupey
Bajo, Ra-o Piedras, Puerto Rico.  It serves a predominantly
Hispanic population offering a learning program for students in
grades from Pre Pre-Kinder through 12th grade.  It was organized in
1963, responding to the needs of a growing suburban community
interested in a bilingual/co-educational learning program.  It is
accredited by the Middle States Association, the Department of
Education of Puerto Rico, and recognized as a School of Excellence
by the U.S. Department of Education, Blue Ribbon School of
Excellence.  It is the only accredited school in Puerto Rico in
hands of a Puerto Rican family.  It is ranked by the Caribbean
Business as fifth of the 28 Largest Private Schools in Puerto Rico
(2013-2014).

The Debtor filed for Chapter 11 bankruptcy protection (Bankr. D.
P.R. Case No. 15-09822) on Dec. 12, 2015.  The petition was signed
by Ricardo Gonzalez, president.

The case is assigned to Judge Mildred Caban Flores.

At the time of the filing, the Debtor disclosed $7.01 million in
assets and $7.25 million in liabilities.


DEBORAH VINSON: Merses Buying New Orleans Property for $1.9 Million
-------------------------------------------------------------------
Deborah Ann Vinson asks the U.S. Bankruptcy Court for the Eastern
District of Lousiana to authorize the sale of a tract of real
(immovable) property bearing municipal address 2503 St. Charles
Avenue, New Orleans, Louisiana ("St. Charles Property") to John
Mers and Candrea Mers for $1,900,000.

At the time of the filing of the Debtor's voluntary petition, she
was the owner of a St. Charles Property.  Also at the time of the
filing of the Debtor's voluntary petition, the St. Charles Property
was subject to certain acts of mortgage executed by the debtor in
favor of Fifth District Savings & Loan Association, the U.S. Small
Business Administration ("SBA") and Regions Bank.

More specifically, reference is made to these notes and mortgages
currently known to be inscribed against the St. Charles Property,
to-wit:

   a. Promissory Note, dated Oct. 7, 2003, executed by Deborah
Vinson, made payable to the order of Fifth District in the
principal amount of $550,000, which amount, plus interest at the
rate of 5.6259% per annum thereon, is payable in monthly
installments of principal and interest of $3,116 each commencing
Dec. 1, 2003, and the balance payable on Nov. 1, 2033, which
Promissory Note is paraphed "Ne Varietur" for identification with a
Mortgage of even date therewith encumbering the St. Charles
Property."  

   b. Mortgage dated Oct. 7, 2003, executed by Deborah Vinson, as
mortgagor, in favor of Fifth District, as mortgagee, encumbering
the St. Charles Property, recorded on Oct. 15, 2003, under
Instrument No. 734672 of the Orleans Parish Mortgage records.

   c. Note, dated March 13, 2006, executed by Deborah Vinson, made
payable to the order of the SBA in the principal amount of
$208,900, which amount, plus interest thereon at the rate of 2.687%
per annum, is payable in monthly installments of $885 each
commencing March, 13, 2012, and the remaining principal and accrued
interest being due 30 years from the date of the Note.  

   d.  Mortgage dated March 13, 2006, executed by Deborah Vinson,
as mortgagor in favor of the SBA, as mortgagee, encumbering the St.
Charles Property, recorded on Aug. 30, 2007, under instrument No.
911207 of the Orleans Parish Mortgage records.

   e. Credit Agreement and Disclosure dated Sept. 28, 2009,
executed by Deborah Vinson, with a credit limit in the amount of
$500,000.

   f. Home Equity Mortgage, dated Sept. 28, 2009, executed by
Deborah Vinson, as mortgagor, in favor of Regions, as mortgagee,
encumbering the St. Charles Property, recorded on Oct. 16, 2009,
under Instrument No. 989394 of the Orleans Parish Mortgage records.


   g. Promissory Note dated Sept. 5, 2013, in the principal amount
of $1,157,800 executed by DAVLTD, LLC.

   h. Multiple Indebtedness Mortgage dated Sept. 5, 2013, executed
by Deborah Vinson, as mortgagor, in favor of Regions, as mortgagee,
encumbering the St. Charles Property, recorded on Sept. 6, 2013,
under Instrument No. 1136092 of the Orleans Parish Mortgage
records.

According to Fifth District, the total balance due on the
Promissory Note dated Oct. 7, 2003, as of Dec. 8, 2016, is
$420,167.

According to the SBA, the total balance due on the Promissory Note
dated March 13, 2006, as of Dec. 12, 2016, is $160,587.

According to Regions, the balance due on the Promissory Note dated
Sept. 5, 2013, as of Nov. 11, 2016, is $611,997.

According to Regions, the total balance due on the Credit Agreement
and Disclosure as of Nov. 17, 2016, is $526,985.

The Debtor has requested a Mortgage Certificate from the Clerk of
Court and Ex-Officio Recorder of Mortgages for the Parish of
Orleans, State of Louisiana, and the Motion will be supplemented in
the event that any additional encumbrances appear of record on the
St. Charles Property other than the mortgages held by Fifth
District, the SBA and Regions.

Prior to the filing of the Debtor's voluntary petition, the Debtor
entered into a Marketing Agreement for Residential Property with
Eleanor Farnsworth of Gardner Realtors, for the purpose of
retaining Ms. Farnsworth's services to list and market the St.
Charles Property for sale.  Under the terms and provisions of the
Marketing Agreement, Ms. Farnsworth was to list and market for sale
the St. Charles Property and for which services she is to be paid a
commission of 6% of the total sales price obtained for the
property.

The Debtor has received, subject to the approval of the Court, an
offer from the Purchasers to purchase the St. Charles Property for
$1,900,000, free and clear of all liens, claims, mortgages,
privileges, encumbrances and interests, all as more fully reflected
in the Louisiana Residential Agreement to Buy or Sell and the
Counter Offer.

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

           http://bankrupt.com/misc/Deborah_Vinson_27_Sales.pdf

Acting on the premise or standard of what is in the best interest
of the estate and its creditors, the Debtor has determined that the
sale of the St. Charles Property to the Mers for the price and sum
of $1,900,000 represents the best price obtainable for the property
on the current market.  Based on the Debtor's calculations, and
after allocating for the agent's commission of 6% of the sales
proceeds or $114,000, there will remain some $1,786,000 to satisfy
the mortgages/liens of Fifth District, the SBA and Regions, whose
claims total approximately $1,720,145.

The sale of the St. Charles Property is necessary to implement the
Debtor's anticipated Plan of Reorganization to be filed of record
in the within Chapter 11 proceeding.  Accordingly, the Debtor asks
the Court to authorize her to sell the St. Charles Property to the
Purchasers.

Counsel for the Debtor:

         Darryl T. Landwehr. Esq.
         LANDWEHR LAW FIRM
         1010 Common St., Suite 1710
         New Orleans, Louisiana 70112
         Telephone: (504) 561-8086
         E-mail: dtlandwehr@cox.net

Deborah Ann Vinson sought Chapter 11 protection (Bankr. E.D. La.
Case No. 16-12818) on Nov. 17, 2016.  The Debtor rapped Darryl T.
Landwehr, Esq., as counsel.


DIRECT GENERAL: A.M. Best B Fin. Strength Rating Still Under Review
-------------------------------------------------------------------
A.M. Best has commented that the Financial Strength Ratings (FSR)
of B (Fair) and the Long-Term Issuer Credit Ratings (Long-Term ICR)
of "bb+" of the members of Direct General Group and a subsidiary,
Direct General Life Insurance Company, remain under review with
positive implications following the acquisition of their ultimate
parent, Elara Holdings, Inc., by National General Holdings Corp.
[NASDAQ:NGHC]. The transaction closed on Nov. 1, 2016.

The ratings will remain under review until A.M. Best concludes its
review of the transaction and until pooling agreements for the
property/casualty companies and associated capital management
actions have been approved by regulators and taken effect. These
actions are expected to be concluded in early 2017.

The FSRs of B (Fair) and the Long-Term ICRs of "bb+" remain under
review with positive implications for Direct General Life Insurance
Company and the following members of Direct General Group:

Direct Insurance Company
Direct General Insurance Company
Direct General insurance Company of Louisiana
Direct General Insurance Company of Mississippi
Direct National Insurance Company


DOOLEY'S WATER: Unsecureds To Be Paid $18,000 Over 3 Years
----------------------------------------------------------
Dooley's Water & Energy Solutions, Inc., filed with the U.S.
Bankruptcy Court for the District of Kansas a disclosure statement
in connection with its plan of reorganization, dated Dec. 5, 2016.

Timely filed and allowed claims of unsecured priority creditors
will be paid in full.  The first priority to the unsecured funds
are unpaid administrative expenses under Section 503(b) of the
Bankruptcy Code for "the actual and necessary costs and expenses of
preserving the estate."  The unpaid portion of these claims will be
paid first from available unsecured funds.

The second subcategory of priority unsecured creditors, which
Section 503(b) administrative expenses for compensation and
reimbursement, include the allowed claims of the Debtor's counsel
and its accountants.  The unpaid portion of the allowed attorney
fees and expenses of the Debtor's counsel and accountants will be
paid next from available unsecured funds.

After payment in full of all priority unsecured claims, including
allowed administrative claims, the Debtor will pay general
unsecured creditors on a pro rate basis from the Plan payments made
to the unsecured creditor class.  The Debtor's payments to
unsecured creditors will be in the total amount of $18,000 paid at
the rate of $500 per month for 3 years beginning on the Effective
Date.  Payments will begin 30 days from the Effective Date. Each
monthly installment payment will be reduced by the amount of any
administrative or priority claim paid prior to said installment
payment, which payment was not previously credited against a prior
unsecured creditor payment made under this section.  To the extent
general unsecured claims are not paid, the claim will  be
discharged.

Creditor claims will be paid from income generated by Debtor from
ongoing operations.

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

        http://bankrupt.com/misc/ksb16-11468-47.pdf 

       About Dooley's Water & Energy Solutions, Inc.

Dooley's Water & Energy Solutions, Inc. filed a Chapter 11
bankruptcy petition (Bankr. D. Kan. Case No. 15-10811) on April 23,
2015.  Mark J. Lazo, Esq., at Mark J. Lazo, PA, served as
bankruptcy counsel, according to the petition.


DRAFT BARS: Voluntary Chapter 11 Case Summary
---------------------------------------------
Debtor: Draft Bars LLC
        4181 West Oquendo RD
        Las Vegas, NV 89118

Case No.: 16-16656

Chapter 11 Petition Date: December 15, 2016

Court: United States Bankruptcy Court
       District of Nevada (Las Vegas)

Judge: Hon. Mike K. Nakagawa

Debtor's Counsel: Christine A Roberts, Esq.
                  FURNIER MUZZO GROUP LLC
                  3815 S. Jones Blvd. Suite 5
                  Las Vegas, NV 89103
                  Tel: (702)728-5285
                  E-mail: Croberts@furnierlaw.com

Estimated Assets: $0 to $50,000

Estimated Liabilities: $1 million to $10 million

The petition was signed by Michael Manion, managing member.

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

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

          http://bankrupt.com/misc/nvb16-16656.pdf


ELEPHANT TALK: Amends $20 Million Securities Prospectus with SEC
----------------------------------------------------------------
Elephant Talk Communications Corp. filed with the Securities and
Exchange Commission an amended Form S-3 registration statement
relating to the sale, in one or more series, any one of the
following securities of the Company, for total gross proceeds of up
to $20,000,000:

     * common stock;

     * preferred stock;

     * purchase contracts;

     * warrants to purchase the Company's securities;
  
     * subscription rights to purchase any of the foregoing
       securities;
  
     * depositary shares;
  
     * secured or unsecured debt securities consisting of notes,  

       debentures or other evidences of indebtedness which may be
       senior debt securities, senior subordinated debt securities

       or subordinated debt securities, each of which may be
       convertible into equity securities; or
  
     * units comprised of, or other combinations of, the foregoing

       securities.

The Company's common stock is listed on the NYSE MKT under the
symbol "ETAK."  On Sept. 7, 2016, the last reported sale price of
the Company's common stock on the NYSE MKT was $0.16 per share.
The aggregate market value of the Company's outstanding common
stock held by non-affiliates is $21,841,480 based on 168,149,756
shares of outstanding common stock, of which 114,955,159 shares are
held by non-affiliates, and a per share price of $0.19 which was
the closing sale price of the Company's common stock as quoted on
the NYSE MKT on July 12, 2016.

A full-text copy of the Form S-3/A is available for free at:

                     https://is.gd/QcQa7f  

                      About Elephant Talk

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

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

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

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


ELIZARDO CRUZ: Court Conditionally Approves Disclosure Statement
----------------------------------------------------------------
Judge Brian K. Tester of the U.S. Bankruptcy Court for the District
of Puerto Rico issued an order conditionally approving the
disclosure statement explaining the plan of reorganization filed by
Elizardo Matos Cruz on Nov. 9, 2016.

Under the plan, Class 4 General Unsecured Creditors will receive a
distribution equal to 5% of its allowed claim. The Plan will be
funded by cash on hand at the Effective Date. Future income from
savings on reduction of operational expenses maintaining and
increasing the services provided to patients will be used also for
the payment plan.

The Disclosure Statement is available at:

           http://bankrupt.com/misc/prb16-02354-53.pdf 


A hearing for the consideration of the final approval of the
disclosure statement and the confirmation of the plan and of such
objections as may be made to either will be held on Jan. 11, 2017
at 02:00 P.M. at the U.S. Bankruptcy Court, U.S. Post Office and
Courthouse Building, 300 Recinto Sur, Courtroom No. 1, Second
Floor, San Juan, Puerto Rico.

Acceptances or rejections of the plan may be filed in writing by
the holders of all claims on/or before 10 days prior to the date of
the hearing on confirmation of the Plan.

Any objection to the final approval of the disclosure statement
and/or the confirmation of the plan shall be filed on/or before 10
days prior to the date of the hearing on confirmation of the plan.

Elizardo Matos Cruz sought chapter 11 protection (Bankr. D.P.R.
Case No. 16-02354) on March 29, 2016.  The Debtor is represented
by
lawyers at Luis D Flores Gonzalez, Esq.


EMBLEMHEALTH INC: A.M. Best Cuts Subsidiaries' ICRs to 'bb'
-----------------------------------------------------------
A.M. Best has removed from under review with negative implications,
downgraded the Long-Term Issuer Credit Ratings to "bb" from "bb+"
and affirmed the Financial Strength Rating of B (Fair) of Health
Insurance Plan of Greater New York (HIP), HIP Insurance Company of
New York, Group Health Incorporated (GHI) and ConnectiCare, Inc.
(ConnectiCare) (Farmington, CT). All companies are subsidiaries of
EmblemHealth, Inc. and domiciled in New York, NY, unless otherwise
specified. The outlook assigned to these Credit Ratings (ratings)
is negative.

The rating downgrades reflect the sizeable decrease in capital at
the lead operating company from historical levels following
continued volatility in operating and net results. Significant
losses through third-quarter 2016 were attributed largely to
ConnectiCare Insurance Company, Inc., which previously had been a
stable source of earnings for the organization. Furthermore, these
losses were driven primarily by the organization's individual
exchange business. Additionally, EmblemHealth's capital has been
impacted negatively by unrealized losses due to the decline in
valuation of its subsidiaries, a result of their unfavorable
operating results. The negative outlooks reflect the decline in
EmblemHealth's capital and increase in premium leverage, as well as
A.M. Best's expectation of significant deterioration in
risk-adjusted capitalization for full-year 2016. A.M. Best will
continue to monitor the organization's strategy toward potential
improvement in earnings and capitalization strengthening.

These negative rating factors are partially offset by
EmblemHealth's solid market share in its core market. Through HIP
and GHI, the organization holds a sizeable market share in the
Greater New York area, which includes the New York City account.
Also, ConnectiCare and its subsidiaries have continued to report
enrollment gains over the past couple of years, driven mainly by
individual and Medicare Advantage membership gains. Furthermore,
EmblemHealth has no debt.


EMERITO ESTRADA: Case Summary & 20 Largest Unsecured Creditors
--------------------------------------------------------------
Debtor: Emerito Estrada Rivera-Isuzu De Puerto Rico, Inc.
        PMB 229
        2000 Carr. 8177, Ste. 26
        Guaynabo, PR 00966

Case No.: 16-09723

Nature of Business: Single Asset Real Estate

Chapter 11 Petition Date: December 14, 2016

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

Judge: Hon. Edward A. Godoy

Debtor's Counsel: Guillermo De Guzman-Vendrell, Esq.
                  DE GUZMAN LAWYERS, P.S.C.
                  P.O. Box 362738
                  San Juan, PR 00936-2738
                  Tel: 787-756-2765
                  Fax: 787-756-4024
                  E-mail: gdeguzman@dgglawpr.com

Estimated Assets: $10 million to $50 million

Estimated Debts: $10 million to $50 million

The petition was signed by Hector Estrada-Colon, president.

Debtor's List of 20 Largest Unsecured Creditors:

   Entity                          Nature of Claim   Claim Amount
   ------                          ---------------   ------------
Municipality of San Juan        Municipal Liability     $166,932

Puerto Rico Power Authority         Electric Power       $59,071
                                       Utility
Fuentes Law Offices, LLC            Professional          $35,591
                                      Services

ATT Mobility PR                    Mobile Service         $30,841
                                      Provider

Complete Truck Bodies Inc.           Trade Debt           $29,121

CPA Jose Rosa Rivera                Professional          $28,610
                                      Services

Barnes Distribution Galleria         Trade Debt           $22,113
& Tower at Erieview

Sala, Hernandez & Garcia            Professional          $16,092
                                      Services

Preferred Health Plan             Medical Insurance       $14,854
                                       Provider

Oriental Bank and Trust               Auto Loan           $13,583

Mario Dumont                         Professional         $10,000
                                       Services

Estudios Tecnicos Inc.               Professional         $10,000
                                       Services

Crowley Liner                          Transport           $9,715
                                       Services

ODV Appraisal Group                  Professional          $9,500
                                       Services

Almacenes Arilope                     Trade Debt           $9,029

National Ceramics                     Trade Debt           $6,465

Aeronet Wireless                       Wireless            $5,956
Broadband Corp                         Services

Master Concrete Corp.                 Trade Debt           $4,802

Hold Smart                             Telephone           $3,588
                                    Service Provider

EconoCaribe                             Shipping           $3,518
                                        Services


EXCELLENCE HOLDING: Wants to Use A&D Mortgage Cash Collateral
-------------------------------------------------------------
Excellence Holding, LLC seeks authority from the U.S. Bankruptcy
Court for the Middle District of Florida to use cash collateral.   


The Debtor intends to use cash collateral for the purpose of
paying:

       (a) actual operating expenses, which are necessary to the
continued operation of the business;

       (b) maintenance and preservation of property of the estate;

       (c) current taxes incurred in the operation of its business;
and

       (d) payment of expenses associated with its Chapter 11 case,
including U.S. Trustee's fees and professional fees and expenses.

The Debtor tells the Court that it does not have sufficient
unencumbered cash and it has no alternative source from which to
borrow or otherwise to obtain cash to use in the continued
operation of its business.  The Debtor further tells the Court that
absent the authority to use cash collateral, it will be forced to
cease operation of its business as it will not be able to pay
expenses that it has currently incurred.  

The Debtor believes that A&D Mortgage may possibly assert a
security interest in certain of the Debtor's accounts, deposit
accounts, general intangibles, and cash proceeds, among other
things.

The Debtor proposes to grant A&D Mortgage a security interest in
certain accounts, deposit accounts, general intangibles, and their
cash proceeds, owned and/or developed by the Debtor in the
operation of its business, up to the amount of the utilized cash
collateral.

A full-text copy of the Debtor's Motion, dated December 13, 2016,
is available at https://is.gd/Pftk2Q


                     About Excellence Holding, LLC    

Excellence Holding, LLC filed a Chapter 11 petition (Bankr. M.D.
Fla. Case No. 16-07750), on November 29, 2016.  The Petition was
signed by Abderrazak Boughanmi, authorized representative.  The
Debtor is represented by Michael E. Golub, Esq., at Michael E.
Golub P.A.  At the time of filing, the Debtor estimated assets at
$0 to $50,000 and liabilities at $100,001 to $500,000.


FIDELITY NATIONAL: Fitch Puts BB+ Unsec. Debt Rating on Pos. Watch
------------------------------------------------------------------
Fitch Ratings has placed Fidelity National Financial, Inc.'s (FNF)
'BBB-' Long-Term Issuer Default Rating (IDR) and 'BB+' senior
unsecured debt rating on Rating Watch Positive. Fitch took no
rating action on FNF's title insurance operating company Insurer
Financial Strength (IFS) ratings of 'A-'.

KEY RATING DRIVERS

Fitch's rating action follows an announcement from the company to
restructure the organization into three legally separate entities
pending regulatory and shareholder approvals by third-quarter
2017.

Fitch currently uses consolidated accounting as the basis for its
holding company ratings. Fitch recognizes the tracking stock gives
FNF's management the ability to streamline the organizational chart
and lessen the volatility of title insurance operations; however,
it does not alleviate holding company obligations, as neither is a
separate legal entity.

Fitch currently widens the holding company notching an additional
notch due to more aggressive holding company capital management and
higher tangible financial leverage. Should the reorganization be
executed according to plan, financial leverage, which was 29% as of
Sept. 30, 2016, will be reduced by approximately 11 percentage
points and tangible financial leverage will also improve.

Additionally, Fitch believes that post-reorganization, capital will
be managed in line with a standalone title insurance operation,
which Fitch views positively. However, Fitch notes that management
did cite a potential more aggressive stock repurchase program,
which could dampen any inherent benefit.

RATING SENSITIVITIES

The following is a list of key rating drivers that could lead to an
upgrade for the holding company ratings:

   -- The proposed reorganization is executed according to plan
      thereby reducing financial leverage;

   -- Capital management is consistent with Fitch's guidelines for

      standard debt notching such as financial leverage at or
      below 30%.

The following is a list of key rating drivers that could lead to
the holding company ratings remaining at current levels:

   -- Failure to execute the reorganization plans according to
      publicly disclosed terms;

   -- Aggressive capital management post-reorganization that
      materially increases financial leverage or materially
      reduces fixed charge coverage.

FULL LIST OF RATING ACTIONS

Fitch has placed the following ratings on Rating Watch Positive:

   Fidelity National Financial, Inc.

   -- Long-Term IDR at 'BBB-';

   -- $300 million 6.6% senior note maturing May 15, 2017 at
      'BB+';

   -- $300 million 4.25% convertible senior note maturing Aug. 15,

      2018 at 'BB+';

   -- $400 million 5.5% senior note maturing Sept. 1, 2022 at
      'BB+';

   -- Four-year $800 million unsecured revolving bank line of
      credit due July 2018 at 'BB+'.

Fitch took no rating action on the following operating subsidiaries
with a Stable Outlook:

   Fidelity National Title Ins. Co.
   Alamo Title Insurance Co. of TX
   Chicago Title Ins. Co.
   Commonwealth Land Title Insurance Co.

   -- IFS ratings at 'A-'.


FIRST ACCEPTANCE: A.M. Best Cuts FSR to C++(Marginal)
-----------------------------------------------------
A.M. Best has downgraded the Financial Strength Rating (FSR) to C++
(Marginal) from B (Fair) and the Long-Term Issuer Credit Ratings
(Long-Term ICR) to "b" from "bb+" for the subsidiaries of First
Acceptance Corporation (collectively referred to as First
Acceptance) (Delaware) [NYSE: FAC]. Concurrently, A.M. Best has
downgraded the Long-Term ICR to "cc" from "b" of First Acceptance
Corporation. The outlooks of these Credit Ratings (ratings) have
been revised to negative from stable.

The downgrade of the Long-Term ICR reflects a material decline in
First Acceptance's risk-adjusted capitalization due to adverse loss
reserve development recognized in the second quarter of 2016. First
Acceptance has concentration in the private passenger non-standard
automobile business, an industry segment that is considered under
pressure. Due to improvements in the economy, the automobile
segment as a whole has experienced increased claim activity in the
past few years, contributing to First Acceptance's recent
underwriting losses. The significant decrease in the company's
surplus has resulted in elevated net underwriting leverage.

Partially offsetting these negative rating factors is First
Acceptance's steady fee income, which offsets underwriting expenses
and is a significant component of the product pricing that has
contributed to surplus growth in prior years. Additionally, the
purchase of the Titan Agencies by First Acceptance, which closed on
July 1, 2015, has improved its financial flexibility by alleviating
some of the pressure on First Acceptance's subsidiaries to provide
dividend capital to the holding company. It is A.M. Best's
expectation that Titan Agencies will eventually help expand First
Acceptance's geographic footprint.

The FSR has been downgraded to C++ (Marginal) from B (Fair) and the
Long-Term ICRs downgraded to "b" from "bb+" for the following
pooled subsidiaries of First Acceptance Corporation. The outlooks
of these ratings have been revised to negative from stable.

First Acceptance Insurance Company, Inc.
First Acceptance Insurance Company of Georgia, Inc.
First Acceptance Insurance Company of Tennessee, Inc.


FIRST PENTECOSTAL: Seeks Authorization to Use Cash Collateral
-------------------------------------------------------------
First Pentecostal Prayer of Faith Church, Inc. seeks authorization
from the U.S. Bankruptcy Court for the District of New Jersey to
use cash collateral.

The Debtor's proposed monthly Budget reflects total expenses of
approximately $21,000.

The Debtor operates a Pentecostal Church at two locations, one in
Hamilton, New Jersey and one in Lambertville, New Jersey.  At the
time of the Debtor's bankrupcty filing, Lambertville property was
listed as having a value of $1.7 million dollars and the Hamilton
property having a value of $900,000.  

The Debtor contends that both properties are subject to the cross
collateralized mortgage of First Choice Bank, which has a
foreclosure judgment of an excess of $1.9 million dollars.  The
Debtor further contends that there appears to be a junior second
position of Susquehanna Commercial Finance, Inc., having filed a
blanket UCC but the loan documents only provide for a lien on air
conditioner compressors.

The Debtor believes that First Choice Bank is adequately protected
with the given equity cushion in the real estate, as well as
payments of $10,000 per month beginning in January that would cover
the deprecation as well as service the interest on the foreclosure
judgment pending sale of the property.

The Debtor proposes to grant First Choice Bank and Susquehanna
Commercial Finance a replacement lien post-petition assets.

A hearing on the Debtor's use of cash collateral is scheduled on
January 9, 2017, at 10:00 a.m.

A full-text copy of the Reverend Arthur Naylor's Certification,
dated December 13, 2016, is available at https://is.gd/oCAkUx

            About First Pentecostal Prayer of Faith Church Inc.

First Pentecostal Prayer of Faith Church Inc. sought protection
under Chapter 11 of the Bankruptcy Code (Bankr. D. N.J. Case No.
16-30354) on October 25, 2016.  The petition was signed by Bishop
Arthur C. Naylor, senior pastor.  The case is assigned to Judge
Michael B. Kaplan.  At the time of the filing, the Debtor disclosed
$2.68 million in assets and $3.86 million in liabilities.

The Debtor is represented by Allen I Gorski, Esq. at Gorski &
Knowlton PC.  The Debtor employs Matthews & Nulty, Inc., as
accountant.


FRANCIS VOLLRATH: Disclosures Okayed, Plan Hearing on Jan. 31
-------------------------------------------------------------
The U.S. Bankruptcy Court for the District of Connecticut will
consider approval of the Chapter 11 plan of reorganization of
Francis Vollrath at a hearing on Jan. 31, at 11:00 a.m.

The hearing will be held at the U.S. Bankruptcy Court, Room 326,
915 Lafayette Boulevard, Bridgeport, Connecticut.

The court on Dec. 7 approved the Debtor's disclosure statement,
allowing him to start soliciting votes from creditors.  

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

                     About Francis Vollrath

Francis Vollrath sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. D. Conn. Case No. 14−50793).  The case is
assigned to Judge Julie A. Manning.


GELTECH SOLUTIONS: Issues $200,000 Convertible Note to President
----------------------------------------------------------------
GelTech Solutions, Inc., on Dec. 12, 2016, issued Mr. Michael
Reger, the Company's president, director and principal shareholder,
a $200,000 7.5% secured convertible note in consideration for a
loan of $200,000.  The note is convertible at $0.239 per share and
matures on Dec. 31, 2020.  Repayment of the note is secured by all
of the Company's assets including its intellectual property and
inventory in accordance with a secured line of credit agreement
between the Company and Mr. Reger.  Additionally, the Company
issued Mr. Reger 418,410 two-year warrants exercisable at $2.00 per
share.

All of the securities were issued without registration under the
Securities Act of 1933 in reliance upon the exemption provided in
Section 4(a)(2) and Rule 506(b) thereunder.

                       About GelTech

Jupiter, Fla.-based GelTech Solutions. Inc., is a Delaware
corporation organized in 2006.  The Company markets four products:
(1) FireIce(R), a water soluble fire retardant used to protect
firefighters, structures and wildlands; (2) Soil2O(R) 'Dust
Control', its new application which is used for dust mitigation in
the aggregate, road construction, mining, as well as, other
industries that deal with daily dust control issues; (3)
Soil2O(R), a product which reduces the use of water and is
primarily marketed to golf courses, commercial landscapers and the
agriculture market; and (4) FireIce(R) Home Defense Unit, a system
for applying FireIce(R) to structures to protect them from
wildfires.

For the year ended June 30, 2015, the Company reported a net loss
of $5.51 million on $800,365 of sales compared to a net loss of
$7.11 million on $814,587 of sales for the year ended June 30,
2014.

As of Sept. 30, 2016, Geltech Solutions had $2.15 million in total
assets, $7.96 million in total liabilities and a total
stockholders' deficit of $5.80 million.

The Company's auditors Salberg & Company, P.A., in Boca Raton,
Florida, issued a "going concern" qualification on the consolidated
financial statements for the year ended Dec. 31, 2015, citing that
the Company has a net loss and net cash used in operating
activities in of $2,638,580 and $2,146,501, respectively, for the
six months ended Dec. 31, 2015, and has an accumulated deficit and
stockholders' deficit of $43,285,883 and $4,482,416, respectively,
at Dec. 31, 2015.  These matters raise substantial doubt about the
Company's ability to continue as a going concern.


GEMMA CALLISTE: Unsecureds To Be Paid $20,000 Per Month
-------------------------------------------------------
Gemma Calliste and Earl Calliste filed with the U.S. Bankruptcy
Court for the District of Columbia a disclosure statement in
support of their plan of reorganization, dated Dec 6, 2016.

Class L2 (Ocwen Secured Claim on 404 Florida) will retain its lien
and will be modified in accordance with the same terms as the loan
modifications for Classes L1, L3, and L4, except that the dollar
amounts will reflect the amounts due on this loan as of the
Effective Date of the Plan. This class is impaired.

Class M: D.C. WASA Secured claim for water bills on 1200 Oates St:
The claim of the District of Columbia Water & Sewer Authority in
the amount of $4983.23 (Claim 19), will be fully satisfied by
payment in full, with interest at 4.5%, in quarterly cash payments
commencing 90 days after the effective date of the plan, amortized
over 5 years from the Effective Date. This class is impaired.

Class N (General Unsecured Claims greater than $1,000). Holders of
Class N claims will be paid in full, without interest, pro rata at
$20,000 per month, starting the month after the Class K claims are
paid in full. This class is impaired.

The Debtors will fund this Plan from income from their business.
The Debtors will retain the Assets of the estate, and will pay
their ordinary living expenses and operating expenses for the
property, and pay the creditors the amounts set forth in this
plan.

The Court is set to hold a hearing on Jan. 5, at 10:30 a.m., to
consider approval of the disclosure statement explaining the
Chapter 11 plan filed by Earl and Gemma Calliste.  The hearing will
take place at the U.S. Courthouse, Courtroom 1, 333 Constitution
Avenue, NW, Washington D.C.

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

        http://bankrupt.com/misc/dcb10-00685-280.pdf

Counsel to the Debtors:

     Daniel M. Press, DC Bar 419739
     Chung & Press, P.C.
     6718 Whittier Ave., Suite 200
     McLean, VA 22101
     Tel: (703) 734-3800
     Fax:(703) 734-0590
     dpress@chung-press.com

Headquartered in Bowie, Maryland, Gemma Calliste filed for Chapter
11 bankruptcy protection (Bankr. D.C. Case No. 10-00685) on July
13, 2010, estimating its assets at between $500,001 and $1,000,000
and debts at between $1,000,001 and $10,000,000.  The petition
was
signed by the Debtor.

Judge S. Martin Teel, Jr., presides over the case.

Jeffrey M. Sherman, Esq., at Jackson & Campbell serves as the
Debtor's bankruptcy counsel.


GEORGE RETOS: Pa. DOR Tries To Block Disclosures OK
---------------------------------------------------
The Commonwealth of Pennsylvania, Pennsylvania Department of
Revenue, filed with the U.S. Bankruptcy Court for the Western
District of Pennsylvania an objection to George Retos' disclosure
statement dated Nov. 1, 2016, claiming that the Disclosure
Statement does not set forth sufficient information regarding the
funding of the proposed Plan and suggests that a Plan can be
confirmed which contains provisions contrary to the Bankruptcy
Code.

The Pennsylvania Department of Revenue is a party in interest
having filed a proof of claim in the amount of $129,712.63 which
consists of a secured claim of $15,667.22, a priority claim of
$75,736.97 and an unsecured claim of $38,308.44.   

The Debtor states in his Disclosure Statement that the secured
claim of the PA DOR will be paid through the proceeds of the sale
of his residence to the extent funds are available.  PA DOR argues
that the proposal is illusionary inasmuch as the Debtors residence,
which he values at $350,000, is subject to secured claims in excess
of $2.3 million.

PA DOR claims that:

     A. although the Debtor represents that many of the secured
        claim are disputed, no claim objections have been filed
        since the commencement of this case.  Therefore, the
        creditors have no way of knowing whether any of the
        disputes have merit;

     B. the Disclosure Statement does not indicate how the secured

        claim of the PA DOR will be paid if the proceeds from the
        sale of the real estate are insufficient to pay the claim
        in full;

     C. the Disclosure Statement states that the priority claim of

        the PA DOR will be paid over 60 months with a balloon
        payment paid in month 60;

     D. the Disclosure Statement does not provide any financial
        information regarding the source of the funds required to
        pay the monthly payments nor the source of the funds that
        will be required to fund a balloon payment;

     E. the Debtors three most recent Monthly Operating Reports
        (August 2016, September 2016 and October 2016) show that
        the Debtor had negative income for each month and negative

        bank balances of $289.15, $330.08 and 262.71 respectively;
        and

     F. the Disclosure Statement describes a Plan which does not
        provide for the payment of Revenue's priority claim
        through regular installment payments within 60 months of
        the Petition Date nor does it provide for the payment of
        interest on Revenue's priority claim.

The Commonwealth is represented by:

     Robert C. Edmundson        
     Senior Deputy Attorney General        
     Office of Attorney General        
     Manor Complex        
     564 Forbes Avenue        
     Pittsburgh, PA 15219        
     Tel: (412) 565-2575        
     E-mail: redmundson@attorneygeneral.gov

George Retos sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. W.D. Penn. Case No. 15-24163) on Nov. 13, 2015.  The
case is assigned to Judge Jeffery A. Deller.  The Debtor is
represented by Robert O Lampl, Esq.


GEORGE RETOS: School District Objects to Disclosure Statement
-------------------------------------------------------------
Washington School District and Borough of East Washington object to
the disclosure statement filed by George Retos on Nov. 1, 2016.

The Movants complain that the disclosure statement is inaccurate or
incomplete in the following respects:

   (a) The disclosure statement refers to Washington School
District as Washington County Tax Claim Bureau.

   (b) The disclosure statement does not list that additional
statutory interest continues to accrue on the proofs of claim.

   (c)The disclosure statement does not provide that the Movants
have administrative claims for any post-petition real estate taxes
that have or will accrue during the case.

For these cited reasons, Movants request that the Honorable Court
enter an order denying approval of the disclosure statement.

Attorney for Movants:

     James R. Wood, Esquire
     PORTNOFF LAW ASSOCIATES, LTD.
     2700 Horizon Drive, Suite 100
     King of Prussia,
     PA 19406
     Tel: (484) 690-9341

George Retos sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. W.D. Penn. Case No. 15-24163) on November 13, 2015. 
The case is assigned to Judge Jeffery A. Deller.  The Debtor is
represented by Robert O. Lampl, Esq.


GLOYD GREEN: Brighton Future Buying Midway Cabin Lot for $49K
-------------------------------------------------------------
Gloyd W. Green asks the U.S. Bankruptcy Court for the District of
Utah to authorize the bidding procedures in connection with the
sale of a cabin lot located at 2443 West Spruce Road, Midway, Utah,
to Brighton Future, LLC for $49,000, subject to higher and better
offers.

The Debtor's Amended Plan of Reorganization dated Feb. 24, 2016 was
confirmed by order entered April 19, 2016.

The Debtor entered into a listing agreement with the Kathy Collings
and the firm of Berkshire Hathaway Home Services Utah ("Realtors")
on June 26, 2016, and the Realtors have actively and diligently
marketed the Property since then.

The Debtor and the Buyer entered into Real Estate Purchase Contract
for Land, dated Dec. 3, 2016.

The pertinent terms and conditions of the Agreement are:

   a. The Buyer will pay the Purchase Price in cash at closing.

   b. The Buyer's obligation to purchase the Property is
conditioned on the Buyer's due diligence as defined in the
Agreement; however, the Buyer's obligation to purchase is not
conditioned on appraisal or financing.

   c. Title will be conveyed at closing by warranty deed.

   d. The Property will be sold in an "as is, where is" condition,
without warranty as to the condition of the Property or the
suitability for the Buyer.

   e. The Seller will provide the Buyer with a standard form
owner's insurance policy at closing.

   f. The Sale is subject to Bankruptcy Court approval.

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

         http://bankrupt.com/misc/Gloyd_Green_169_Sales.pdf

The Debtor asks authority to pay the following at closing: (i) all
applicable commissions, closing costs and title fees associated
with the transaction and customary in the industry, including a
realtor's commission to the Realtors in the amount of 6% of the
selling price as set forth in the listing agreement; and (ii) all
accrued and pro-rated real estate taxes and other assessments which
may be owed as of the date of closing.

All remaining proceeds of sale will be deposited into the Plan
Payment Account for payment of any income taxes associated with the
sale of the Property and then for distribution to creditors and
payment of professional fees in accordance with the provisions of
the Plan.

The Debtor asks the Court to approve these bidding procedures for
the sale of the Property, which bidding procedures will be included
by the Debtor in the notice of hearing on the Motion:

   a. All competing offers or bids for the Property must be in
writing and must be received by the Debtor's counsel no later than
5:00 p.m. on Jan. 10, 2017.

   b. Along with the written offer or bid, each bidder must also
deliver a $500 deposit to be applied to the purchase price if the
bid is successful and returned to the bidder if not, together with
written evidence of a commitment for financing or other evidence of
ability to consummate the proposed purchase of the Property.

   c. A "Qualified Bidder" will be any bidder who submits the
foregoing items to the Debtor's counsel on or before the foregoing
deadline, and any competing offer or bid so  submitted will be a
"Qualified Bid."

   d. In the event that a Qualified Bid is not received by the
Debtor's counsel, the Debtor will ask the Court to approve the sale
to the Buyer on the terms set forth in the Agreement at the hearing
on the Motion, which is scheduled for Jan. 17, 2017 at 2:00 p.m.

   e. In the event that a Qualified Bid is received by the Debtor's
counsel, the Debtor's will conduct an "Auction" of the Property.
The Auction will take place at 10:00 a.m. on Jan. 12, 2017, in the
lobby near the ground floor elevators on the south end of the
Bankruptcy Court at 350 South Main Street, Salt Lake City, Utah.
The Auction will be limited to the Buyer and all Qualified
Bidders.

   f. The Debtor's counsel will conduct the Auction by announcing
the highest and best Qualified Bid.  The Auction will then be
opened to competing bids.  The Debtor's counsel will entertain
competing bids for the Property in such successive rounds as the
Debtor's counsel determines in his sole discretion to be
appropriate so as to obtain the highest and best bid for the
Property.  The Debtor's counsel may also set opening bid amounts in
each round of bidding as he determines appropriate.

   g. At the Auction, the Debtor and his counsel will review each
bid on the basis of financial and contractual terms and the factors
relevant to the sale process, including the speed and certainty of
closing the sale, and then identify the person submitting the
highest and best offer for the Property.

   h. The Debtor will present the Successful Bid to the Court for
approval at the hearing on the Motion, which will be conducted at
2:00 p.m. on Jan. 17, 2017.

In the Debtor's business judgment, and subject to the receipt of
higher and better offers in accordance with the bidding procedures
set forth, the purchase price, on the terms and conditions in the
Agreement, is fair and reasonable and represents the fair market
value of the Property, and is in the best interests of the Debtor
and the creditors.  Accordingly, the Debtor asks the Court to
authorize the sale of the Property to the Buyer, or to a Qualified
Bidder in the event of an Auction, free and clear of all liens,
claims, encumbrances, and interests.

Finally, the Debtor asks the Court to waive the 14-day stay
otherwise imposed by Bankruptcy Rule 6004(h) for the reasons set
forth.

Gloyd W. Green sought Chapter 11 protection (Bankr. D. Utah Case
No. 15-25181) on June 3, 2015.


GLOYD GREEN: West Buying Gun Collection for $12K
------------------------------------------------
Gloyd W. Green asks the U.S. Bankruptcy Court for the District of
Utah to authorize bidding procedures in connection with the sale of
his gun collection to Sherrel West for $12,403, subject to
overbid.

The Debtor's Amended Plan of Reorganization dated Feb. 24, 2016,
was confirmed by order entered April 19, 2016.

The Debtor is selling the gun collection as a single unit rather
than selling the guns individually in order to save the
auctioneer's fee.

The Debtor has contacted 3 local gun dealers and is giving notice
of the sale to them and to the auctioneer Rob Olson.

The pertinent terms and conditions of the Offer to Purchase are:

   a. The Buyer will pay the purchase price as follows: $6,000 in
cash at closing, and the remaining $6,403 through an offset of the
Buyer's Class A-4 Secured Claim in accordance with 11 U.S.C.
Section 363(k).

   b. The 3 guns identified as exempt in the Offer are not included
in the sale.

   c. The gun collection will be sold in an "as is, where is"
condition, without representation or warranty as to the condition
or value of the guns.

The Debtor asks the Court to authorize him to pay at closing all
amounts needed to satisfy in full the Class A-4 Secured Claim, and
deposit all remaining proceeds of sale in the Plan Payment Account
for distribution in accordance with the Plan.

A copy of the list of the gun collection and Offer attached to the
Motion is available for free at:

             http://bankrupt.com/misc/Gloyd_Green_167_Sales.pdf

The Debtor asks the Court to approve these bidding procedures for
the sale of the gun collection, which bidding procedures will be
included by the Debtor in the notice of hearing on the Motion:

   a. All competing offers or bids for the Gun Collection must be
in writing and must be received by the Debtor's counsel no later
than 5:00 p.m. on Jan. 10, 2017.

   b. A "Qualified Bidder" will be any bidder who submits a
competing offer to the Debtor's counsel on or before the foregoing
deadline, and any competing offer so submitted will be a "Qualified
Bid."

   c. In the event that a Qualified Bid is not received by the
Debtor's counsel, the Debtor will ask the Court to approve the sale
to the Buyer on the terms set forth in the Offer at the hearing on
the Motion, which will take place on Jan. 17, 2017 at 2:00 p.m.

   d. In the event that a Qualified Bid is received by the Debtor's
counsel, the Debtor's counsel will conduct an "Auction" of the gun
collection.  The Auction will take place at 10:30 a.m. on Jan. 12,
2017, in the lobby near the ground floor elevators on the south end
of the Bankruptcy Court at 350 South Main Street, Salt Lake City,
Utah.  The Auction will be limited to the Buyer and all Qualified
Bidders and their authorized representatives.

   e. The Debtor's counsel will conduct the Auction by announcing
the highest or best Qualified Bid.  The Auction will then be opened
to competing bids.  The Debtor's counsel will entertain competing
bids for the Gun Collection in such successive rounds as the
Debtor's counsel determines in his sole discretion to be
appropriate so as to obtain the highest and best bid for the gun
collection.  The Debtor's counsel may also set opening bid amounts
in each round of bidding as the Debtor's counsel determines to be
appropriate.

   f. At the Auction, the Debtor and his counsel will review each
bid on the basis of financial and contractual terms and the factors
relevant to the sale process, including the speed and certainty of
closing the sale, and then identify the person submitting the
highest and best offer for the gun collection.

   g. The Debtor will present the Successful Bid to the Court for
approval at the hearing on the Motion, which will be conducted at
2:00 p.m. on Jan. 17, 2017.

In the Debtor's business judgment, and subject to the receipt of
higher and better offers in accordance with the bidding procedures
set forth, the purchase price, on the terms and conditions in the
Offer, is fair and reasonable and represents fair market value for
the gun collection, and is in the best interests of the Debtor and
the creditors.  

Accordingly, the Debtor asks the Court to authorize the sale of his
gun collection to the Buyer, or to a Qualified Bidder in the event
of an Auction, free and clear of all liens, claims, encumbrances,
and interests, in accordance with terms and conditions set forth in
the Offer.

Finally, the Debtor asks the Court to waive the 14-day stay
otherwise imposed by Bankruptcy Rule 6004(h), based on the need and
desire of the Buyer or Successful Bidder to take possession of the
gun collection and provide their own insurance for it.

Gloyd W. Green sought Chapter 11 protection (Bankr. D. Utah Case
No. 15-25181) on June 3, 2015.


GOLDEN INSURANCE: A.M. Best Alters Outlook on 'B' FSR to Neg.
-------------------------------------------------------------
A.M. Best has revised the outlooks to negative from stable and
affirmed the Financial Strength Rating of B (Fair) and the
Long-Term Issuer Credit Rating of "bb" of Golden Insurance Company,
A Risk Retention Group (Golden) (Incline Village, NV).

The revised outlooks reflect Golden's declining risk-adjusted
capital position and enterprise risk management (ERM) concerns. The
company's capital is strained in recent years due to excessive
premium growth, which has resulted in elevated underwriting
leverage ratios and growth charges. In addition, Golden's reserves
have shown unfavorable development on an accident and a
calendar-year basis. This reserves inadequacy may cause further
stress on surplus in the coming years.

Concerns also remain with Golden's risk management practices, as
multiple issues have arose over the latest five-year period. In
recent years, the company has had to correct prior financial
statements following annual audits and regulatory reviews.
Additionally, concerns remain with the financial security of
Golden's warranty administrator. The majority of the company's
business flows through their administrator, thus financial
instability at that level could cause a disruption in operations.

Mitigating factors includes Golden's profitable earnings in recent
years and the addition of a more reputable captive manager. Golden
contracted with Strategic Risk Solutions (SRS) on June 1, 2016, to
assume the role of the company's captive manager. SRS brings
experience in financial reporting and ERM, which will be highly
valuable to the company going forward.


GOLDEN MARINA: Unsecureds To Get 100% in 30 Days of Effectivity
---------------------------------------------------------------
Golden Marina Causeway LLC filed with the U.S. Bankruptcy Court for
the Northern District of Illinois a disclosure statement describing
its plan or reorganization, dated Dec 6, 2016, which contemplates
the distribution of the proceeds from the sale of the Milwaukee
Property, which is an approximately 46-acre parcel of land at 302
and 311 East Greenfield Ave., in Milwaukee, Wisconsin.

The Bankruptcy Court authorized the Debtor to retain Hilco Real
Estate to assist in marketing and selling the Milwaukee Property,
which represents the Debtor’s primary asset.

Under the Plan, Class 5 consists of Unsecured Environmental Claims.
The Holders of Unsecured Environmental Claims will receive, within
30 days of the Effective Date of the Plan, any remaining Milwaukee
Property Sale Proceeds after the payment of the Allowed Claims in
Classes 1, 2, 3 and 4 and Administrative Expense Claims; provided,
however, that these claims will be paid pro rata with  the claims
in Class 6.  Four creditors have filed claims asserting specific
dollar amounts aggregating approximately $7,500,000, and asserting
contingent and unknown amounts.  The Wisconsin Department of
Natural Resources also has asserted a claim for response costs
between $18,900,000 and $26,900,000.

Estimated recovery is up to 100% within 30 days of the Effective,
date depending upon the amount of the Milwaukee Property Sale
Proceeds.

Class 6 consists of General Unsecured Claims. In full and complete
satisfaction of Allowed General Unsecured Claims, within 30 days of
the Effective Date of the Plan, Allowed Genera Unsecured Claims
will receive any remaining Milwaukee Property Sale Proceeds after
the payment of the Allowed Claims in Classes 1, 2, 3 and 4 and
Administrative Expense Claims; provided, however, that these claims
will be paid pro rata with the claims in Class 5.  Two creditors
have filed general unsecured claims in

Estimated recovery is up to 100% within 30 days of the Effective
Date, depending upon the amount of the Milwaukee Property Sale
Proceeds.

Payments to creditors under the Plan will be made exclusively from
the sale of the Milwaukee Property.  The Debtor anticipates such
property will be sold sometime in Feb. or March 2017, and that
payments will be made to holders of allowed claims within 30 days
of that date in accordance with the Plan.  

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

         http://bankrupt.com/misc/ilnb16-03587-90.pdf

               About Golden Marina Causeway LLC

Golden Marina Causeway LLC owns two parcels of real estate,
located
at 302 and 311 East Greenfield Avenue in Milwaukee,
Wisconsin.  The
parcel at 311 E. Greenfield consists of 47 acres and the smaller
parcel at 302 E. Greenfield is approximately 1 acre.

Lawrence D. Fromelius filed a Chapter 11 petition (Bankr. N.D.
Ill.
Case No. 15-22373) on June 29, 2015.  On July 2, 2015, L.
Fromelius
Investment Properties LLC filed a petition for relief under
Chapter
11 of the Bankruptcy Code under Case No. 15-22943, and on Feb. 5,
2016, Golden Marina Causeway LLC filed for relief under Chapter
11,
under Case No. 16-03587.

Mr. Fromelius is the sole member of Investment Properties.  He
is
also the sale member of East Greenfield Investors LLC, which in
turn is the sole member of Golden Marina Causeway LLC


GRADE-CO LLC: Latest Plan to Pay $20K to Unsecureds in 60 Days
--------------------------------------------------------------
Grade-Co, LLC, filed its latest Chapter 11 plan of reorganization,
which proposes to pay $20,000 to general unsecured creditors within
60 days of the effective date of the plan.

Under the latest plan, the company will distribute $20,000 pro-rata
to Class 6 general unsecured creditors, which will be paid 100% of
their allowed claims.

Starting on the first month that is 120 days or more after the
effective date, Grade-Co will calculate and then distribute 20% of
its "net profits" or $1,000, whichever is greater, on a monthly
basis to Class 6 creditors until their allowed claims are paid in
full.

The total amount of general unsecured claims is $58,941.08 based on
the company's schedules and the proofs of claim filed with the
bankruptcy court, according to the latest disclosure statement
filed on Nov. 29 with the U.S. Bankruptcy Court for the Southern
District of Texas.

A copy of the first amended disclosure statement is available for
free at https://is.gd/6Nnkrx

Grade-Co's original plan had proposed to pay general unsecured
creditors in full over 72 months.

                       About Grade-Co, LLC

Grade-Co, LLC is a Texas limited liability company with its
principal place of business at 26910 Holly Lord, Magnolia.  The
Debtor provides land grading and excavation services.   

The Debtor filed for Chapter 11 bankruptcy protection (Bankr. S.D.
Tex. Case No. 16-32405) on May 5, 2016. The petition was signed by
Carl Mittelstedt, managing member.  The Debtor is represented by
Reese W. Baker, Esq. at Baker & Associates.

The Debtor estimated assets of $100,001 to $500,000 and estimated
debts of $100,001 to $500,000.


GRANVILLE BRINKMAN: Files Amended Chapter 11 Exit Plan
------------------------------------------------------
Alan and Robbin Rena Brinkman on Nov. 29 filed with the U.S.
Bankruptcy Court for the Western District of Washington their
latest Chapter 11 plan.

Under the latest plan, general unsecured creditors, classified in
Class 6, will be paid approximately 0.002% of their claims.  The
Debtors will pay $3,608.28 annually to be shared pro-rata amongst
all unsecured creditors, with a higher payment in the fifth year of
$2,537 per month times the number of months from the fifth
anniversary of the bankruptcy filing date to the fifth anniversary
of the effective date of the plan, according to the latest
disclosure statement filed on Nov. 29.

The Amended Disclosure Statement reclassified the Debtors'
creditors into the following classes:

   Secured Creditors - Classes 1 and 2
   Judgment Lien Creditors - Class 3
   Brian Hicks Revocable Trust - Class 4
   Guaranty Claims - Class 5
   General Unsecured Claims - Class 6

A copy of the amended disclosure statement is available for free at
https://is.gd/9RZkXS

                       About The Brinkmans

Granville Alan Brinkman and Robbin Rena Brinkman filed a Chapter 11
petition (Bankr. W.D. Wash. Case No. 15-44496) on Sept. 28, 2015.
The case is assigned to Judge Brian Lynch.


GREGORY JOHN PRATT: Plan Confirmation Hearing on Feb. 7
-------------------------------------------------------
Judge Jerry A. Funk of the U.S. Bankruptcy Court for the Middle
District of Florida approved the disclosure statement and plan of
reorganization filed by Gregory John Pratt on Oct. 4, 2016.

Jan. 24, 2017 is fixed as the last day for filing written
acceptances or rejections of the plan.

A confirmation hearing will be held on Feb. 7, 2017 at 11:30 A.M ,
in 4th Floor Courtroom D , 300 North Hogan Street, Jacksonville,
Florida.

Any objections to confirmation shall be filed and served 7 days
before confirmation hearing.

The bankruptcy case is In re: Gregory John Pratt, Case No.
3:14−bk−03168−JAF (Bankr. M.D. Fla.).

The Debtor is represented by:

           Taylor J. King
           5452 Arlington Expressway
           Jacksonville, FL 32211


GULFPORT ENERGY: Moody's Assigns B2 Rating on $600 Million Notes
----------------------------------------------------------------
Moody's Investors Service changed Gulfport Energy Corporation's
(Gulfport) rating outlook to positive from stable and assigned a B2
rating to the company's proposed $600 million notes due 2025. At
the same time, Moody's affirmed Gulfport's B1 Corporate Family
Rating (CFR), B1-PD Probability of Default Rating (PDR), B2 senior
unsecured notes rating, and SGL-2 Speculative Grade Liquidity
rating.

Gulfport announced on December 14, 2016 that it has entered into an
agreement with Vitruvian II Woodford, LLC (Vitruvian) to acquire
46,400 net surface acres, 30,500 boe/day of production (35%
liquids) and 183 million boe of proved reserves (30% developed) in
southern Oklahoma's SCOOP play for roughly $1.85 billion. Gulfport
plans to issue a total of about $1.35 billion of equity to the
seller and the general public, and fund the balance of the purchase
price with debt proceeds.

"The positive outlook reflects the high proportion of equity
funding used in the Vitruvian acquisition, which will significantly
increase Gulfport's scale and diversification while keeping its
balance sheet strength intact," said Sajjad Alam, Moody's Senior
Analyst. "The acquired SCOOP acreage should allow Gulfport to
improve its price realizations, margins and returns and provide a
strong platform for organic growth. However, there will be a period
of learning for Gulfport before it will be able to maximize the
production capacity and capital efficiency of these newly acquired
assets."

Issuer: Gulfport Energy Corporation

Outlook:

   -- Changed To Positive From Stable

Assignments:

   -- US$600 Million Senior Unsecured Regular Bond/Debenture,
      Assigned B2 (LGD4)

Affirmations:

   -- Corporate Family Rating, Affirmed B1

   -- Probability of Default Rating, Affirmed B1-PD

   -- US$350 Million Senior Unsecured Regular Bond/Debenture,
      Affirmed B2 (LGD4 from LGD5)

   -- US$650 Million Senior Unsecured Regular Bond/Debenture,
      Affirmed B2 (LGD4 from LGD5)

   -- Speculative Grade Liquidity Rating, Affirmed SGL-2

RATINGS RATIONALE

Gulfport's B1 CFR is supported by the company's substantial acreage
position and drilling inventory in the Utica Shale and the acquired
SCOOP play in Oklahoma, strong production and reserves growth
potential even in a low commodity price environment, and manageable
leverage and liquidity position. Gulfport's substantial hedge
protection for 2017, firm-transportation arrangements to move gas
out of eastern Ohio, and substantial cash balance should support
the planned growth in 2017. The B1 CFR also reflects the risks of
the company's large capital requirements for developing its
high-decline Utica assets that have historically resulted in
recurring negative free cash flow and a natural gas weighted and
concentrated production and reserves base in the Utica Shale. The
acquired Vitruvian assets add basin and liquids diversification
with highly prospective SCOOP acreage, but at a high valuation and
associated operational execution risks. Based on our expectation of
sustained pressure on North American natural gas prices, Moody's
expects the company to develop its acreage in a manner that would
not materially increase financial leverage.

The new notes will rank equally in right of payment with Gulfport's
existing 6.625% and 6% notes, and will have the same upstream
guarantees from Gulfport's current and future restricted
subsidiaries, and will not be guaranteed by Grizzly Holdings, Inc.
or any future unrestricted subsidiaries. The proposed notes are
rated B2, one notch below the B1 CFR given the substantial size of
the borrowing base credit facility, which has a first-lien claim to
Gulfport's assets. Moody's does not expect any reduction to the
borrowing base for the new notes offering.

The company is expected to maintain good liquidity through 2017
which is reflected in the SGL-2 rating. Gulfport should be able to
fund its 2017 capex with cash on hand, operating cash flow and
revolver drawings. The revolver borrowing was affirmed at $700
million during the Fall 2016 redetermination and Moody's expects it
to grow meaningfully next year. The company will have $340-$440
million in pro forma cash (depending on whether equity
underwriter's exercise their options) and $493 million of revolver
availability (before any adjustment for the Vitruvian acquisition)
following the acquisition and the debt and equity offerings.
Moody's expects there to be solid headroom for future covenant
compliance through 2017.

Gulfport's positive outlook reflects its solid organic production
and reserves growth prospects over the next several years without
any meaningful rise in financial leverage. An upgrade to Ba3 could
be considered if the company continues to exhibit strong production
and reserve growth in the Utica, demonstrates good operating and
capital efficiency with the newly acquired assets, and sustains a
retained cash flow to debt ratio in excess of 35% and a leveraged
full-cycle ratio above 1x. The B1 CFR could be downgraded if the
future increases in debt outpace the growth in production and
reserves, or if the retained cash flow to debt ratio drops below
20%.

The principal methodology used in this rating was "Global
Independent Exploration and Production Industry" published in
December 2011.

Gulfport is a publicly traded exploration and production company
with principal producing assets in the Utica Shale, SCOOP play in
Oklahoma and the Louisiana Gulf Coast and headquartered in Oklahoma
City, Oklahoma.


GULFPORT ENERGY: S&P Affirms 'B+' CCR & Revises Outlook to Pos.
---------------------------------------------------------------
S&P Global Ratings affirmed its 'B+' corporate credit rating on
U.S.-based Gulfport Energy Corp. and revised the outlook to
positive from stable.

At the same time, S&P assigned a 'B+' issue-level rating and '4'
recovery rating on the company's proposed $600 million senior
unsecured debt, reflecting S&P's expectation of average (30% to
50%, upper half of the range) recovery in the event of a payment
default.  The existing unsecured debt issue-level ratings and
recovery ratings are unchanged at 'B+' and '4', respectively.

Gulfport Energy Corp. announced the acquisition of approximately
46,400 net surface acres in the SCOOP play in Grady, Stephens, and
Garvin counties Oklahoma.  Aside from execution risks the company
will face as it integrates the assets, the transaction should
improve the company's scale, scope, and diversity, giving it
another core play to operate outside of the Utica shale.

"The positive outlook on Gulfport Energy Corp. reflects our
projected growth for the company's production and proved reserves
pro forma for the acquisition, and the likelihood we could raise
the rating if the company successfully integrates the new assets,
creating two core basins with meaningful production consistent with
other 'BB-' operators," said S&P Global credit analyst Michael
Tsai.

S&P could revise the outlook to stable if the company is unable to
increase production and reserves in line with S&P's expectations,
likely as a result of operational issues or lower-than-expected
commodity prices.  S&P could also return the outlook to stable if
the company uses more debt than expected to finance its
acquisition, or generates significant negative free cash flow and
related debt as it develops its properties.

Ratings List

New Rating

Gulfport Energy Corp.
Senior Unsecured                       B+                 

Ratings Affirmed

Gulfport Energy Corp.
Senior Unsecured                       B+                 

Ratings Affirmed; CreditWatch/Outlook Action
                                        To                 From
Gulfport Energy Corp.
Corporate Credit Rating                B+/Positive/--    
B+/Stable/--

New Rating

Gulfport Energy Corp.
Senior Unsecured
  US$600 mil sr nts due 12/31/2025      B+                 
   Recovery Rating                      4H                 

Issue-Level Ratings Affirmed; Recovery Expectation Revised

Gulfport Energy Corp.
Senior Unsecured
  US$350 mil  6.625% sr nts due         B+                B+
  05/01/2023                            
   Recovery Rating                      4H                4L
  US$650 mil  6.00% sr nts due          B+                B+
  10/15/2024                            
   Recovery Rating                      4H                4L



GURKARN DIAMOND: Can Use Cash Collateral on Interim Basis
---------------------------------------------------------
Judge Ronald B. King of the U.S. Bankruptcy Court for the Western
District of Texas authorized Gurkarn Diamond Hotel Corporation to
use cash collateral on an interim basis.

The approved Budget provides for total monthly expenses of
approximately $79,839, covering the period from November 15 through
December 15, 2016.

Judge King acknowledged that an immediate and critical need exists
for the Debtor to obtain funds in order to continue the operation
of its business.  He also acknowledged that substantially all of
the Debtor's assets are subject to the Prepetition Liens of U.S.
Bank National Association, as Trustee for the Registered Holders of
LB-UBS Commercial Mortgage 2008-C2 Commercial Mortgage Pass-Through
Certificates Services 2008-C1 and its special servicer, CWCapital
Asset Management, LLC, including liens on room rents relevant to
the Debtor's Motion.

Judge King held that without the use of cash collateral, the Debtor
will not be able to pay its payroll and other direct operating
expenses and obtain goods and services needed to carry on its
business, which is vital to the confidence of the Debtor's vendors
and suppliers of the goods and services, to the customers and to
the preservation and maintenance of the going concern value of its
estate.

U.S. Bank was granted with valid, binding, enforceable, and
perfected liens co-extensive with U.S. Bank's pre-petition liens in
all currently owned or after acquired property and assets of the
Debtor, including, without limitation, all accounts receivable,
general intangibles, inventory, and deposit accounts.

U.S. Bank was also granted first priority replacement liens and
security interests, having priority over all other creditors,
against the Debtor's room rents originating post-petition and any
and all cash or other proceeds from those receivables on a
dollar-for-dollar basis for each dollar of pre-petition cash or
accounts receivable, to secure all of U.S. Bank's allowed claims,
including post-petition interest and attorneys' fees.

The Debtor was directed to maintain insurance on U.S. Bank's
collateral and pay taxes when due.

The Debtor's authority to use of cash collateral extends through
the final hearing, which is scheduled on December 19, 2016 at 1:45
p.m.

A full-text copy of the Interim Order, dated December 13, 2016, is
available at https://is.gd/6Duv6L

                   About Gurkarn Diamond Hotel Corporation

Gurkarn Diamond Hotel Corporation filed a chapter 11 petition
(Bankr. W.D. Tex. Case No. 16-70183) on Nov. 14, 2016.  The case is
assigned to Judge Ronald B. King.  The petition was signed by
Satinder S. Gill, partner member.  The Debtor is represented by
Joyce W. Lindauer, Esq., at Joyce W. Lindauer Attorney, PLLC.  The
Debtor estimated assets and liabilities at $1 million to $10
million at the time of the filing.


HIREN PATEL: Midsouth Objects to Disclosure Statement
-----------------------------------------------------
MidSouth Bank, N.A., objects to the disclosure statement and plan
of reorganization filed by Hiren D. Patel and Nila H. Patel.

Midsouth objects to the disclosure statement for several reasons:

   (i) The disclosure does not adequately describe all of the
Debtors' assets or the manner by which those assets are valued.

  (ii) The disclosure fails to accurately describe the other assets
of Debtor including possible claims against third parties such as
Brinda Patel, Umesh Kumar Patel and Dineshchandra Patel.

(iii) The disclosure fails to reveal the terms, impact and
significance of the Absolute Priority Rule embodied in 11 U.S.C.
Section 1129(b)(2)(B)(ii).

  (iv) The disclosure fails to provide an adequate liquidation
analysis.  The analysis
includes personal property of "$0.00" in value in its estimate of a
return to unsecured creditors, but elsewhere in the Disclosure and
the Debtor’s Schedules it is evident the Debtor has significant
unencumbered personal property. Moreover, the Disclosure includes
no estimate of the potential claims Debtors may have against the
insider/transferees of the 62% interest in DIYA Hotels, LLC.

   (v) The disclosure does not include a summary of how Debtors'
monthly and other periodic income from Hiren's professional
practice will be used to pay allowed claims.

Due to these inadequacies, MidSouth asks the Court that approval of
the disclosure statement be denied or, in the alternative, that the
disclosure statement be amended to address the objections stated
herein and the objections made by other creditors and
parties-in-interest.

Under the plan, holders of allowed Class 7 Unsecured Claims under
$20,000 will be paid 50% of their claims in 90 days of the
Effective Date. The Debtor will fund the Plan from the Debtor's
continued salary and continued income from the reorganized
hotels.  Along with the distribution of liquidated non-exempt
assets, the Debtor will keep current his post-petition payables.

The Disclosure Statement is available at:

           http://bankrupt.com/misc/txeb16-40592-77.pdf 

Counsel for Midsouth:

     Scott A. Ritcheson
     State Bar No. 16942500
     RITCHESON, LAUFFER & VINCENT, P.C.
     821 ESE Loop 323, Suite 530
     Tyler, Texas 75701
     TEL: 903/535-2900
     FAX: 903/533-8646

                     About Hiren Patel 

Hiren Patel started his medical practice in 2004 and since then
has
established himself in private practice and also held many
director
level positions.  He migrated to the Dallas area in 2015 working
in
hospital medicine and as a medical director, overseeing several
physicians and patient care.  Hiren and Nila Patel started
investing in real estate in 2007.  Since then they have
successfully built two hotels and completed two more projects, a
Convention Center and a Water Park, with public private
partnerships for economic growth and job creations.  Nila Patel
has
actively helped in hotel management and sales. 

Hiren Patel is a medical doctor, working for EMcare in Dallas,
Texas and Collum & Carney Clinic, in Texarkana, Texas, as well as
a
managing member of these entities: (1) Krishna Associates, LLC, a
company operating a hotel under the name of Country Inn & Suites
in
Texarkana, Texas; (2) Texarkana Hotels, LLC, a company operating a
hotel under the name Holiday Inn and the Arkansas Convention
Center
in Texarkana, AR. (3) Holiday Springs Water Park, a company
operating a water park in Texarkana, AR and (4) Diya Hotels, LLC,
a
company with undeveloped real property in Hot Springs, Arizona. 

Nila Patel is a homemaker.  She is also experienced in hotel
marketing. 

Hiren D. Patel and Nila H. Patel sought Chapter 11 protection
(Bankr. E.D. Tex. Case No. 16-40592) on April 1, 2016, represented
by Bill F. Payne, Esq., at The Moore Law Firm, L.L.P.


III EXPLORATION: Seeks Feb. 28 Plan Filing Period Extension
-----------------------------------------------------------
III Exploration II LP asks the U.S. Bankruptcy Court for the
District of Utah to extend its exclusive periods to file a plan of
reorganization and solicit acceptances to the plan, through
February 28, 2017 and April 30, 2017, respectively.

The Debtor's current exclusive plan filing period is set to expire
on December 31, 2016, while its current exclusive solicitation
period is set to expire on March 1, 2017.

The Debtor tells the Court that it needs additional time to close
the sale of its North Dakota Assets, and any other assets that the
Debtor may sell.  The Debtor further tells the Court that it needs
adequate time to complete the sale of its remaining assets at the
highest possible price.

              About III Exploration II LP

III Exploration II LP and its general partner, Petroglyph Energy,
Inc., are headquartered in Boise, Idaho.  The Debtor is engaged in
the exploration and production of oil and natural gas deposits,
primarily in the Uinta Basin in Utah.  The Debtor also has an
interest in approximately 42,100 undeveloped acres in the Raton
Basin located in Colorado, and participates in joint ventures with
respect to properties in the Williston Basin in North Dakota.

III Exploration filed a chapter 11 petition (Bankr. D. Utah Case
No. 16-26471) on July 26, 2016.  The petition was signed by Paul R.
Powell, president.  The Debtor estimated assets at $50 million to
$100 million and debt at $100 million to $500 million.

The case is assigned to Judge R. Kimball Mosier.  

The Debtor tapped George Hofmann, Esq., Steven C. Strong, Esq., and
Adam H. Reiser, Esq., at Cohne Kinghorn, P.C., to serve as its
general counsel; and A. John Davis, Esq., at Holland & Hart LLP to
serve as special counsel.  Tudor Pickering Holt & Co. has been
tapped as investment banker.  Donlin Recano & Company Inc. acts as
claims and noticing agent.



INC RESEARCH: S&P Raises CCR to 'BB+' on Competitive Position
-------------------------------------------------------------
S&P Global Ratings raised its corporate credit rating on Raleigh,
N.C.-based INC Research Holdings Inc. to 'BB+' from 'BB'. The
outlook is stable.

At the same time, S&P raised the rating on the senior secured
credit facility, issued by operating subsidiary INC Research LLC,
to 'BB+' from 'BB'.  The recovery rating on this debt is '3',
indicating S&P's expectation for meaningful (50%-70%; at the high
end of the range) recovery in the event of payment default.

"Our upgrade of INC reflects our view of the company's improving
competitive position," said S&P Global Ratings credit analyst
Matthew Todd.  Given its revenue of more than $1 billion,
therapeutic experience in a number of areas, and a mix of small,
midsize, and large pharmaceutical customers, we now see INC's
competitive positioning as more similar to other large global CROs
like PRA Health.

INC is one of the larger players (estimated number 7 by revenue) in
the fragmented CRO industry, which S&P projects to grow in the
mid-single-digit range over the next few years, benefiting from
increasing R&D activity among the midsize pharmaceutical and
biotech participants as well as increased rates of outsourcing
among Big Pharma.  S&P expects both the large pharmaceutical
companies and their smaller biotechnology counterparts to continue
outsourcing a growing portion of their development efforts because
of the increasing complexity of global trials, Big Pharma's
increasing focus on core competencies, and the high cost of
creating in-house clinical functions for biotech companies.

Although INC does not have the same scale as the largest CROs, S&P
expects its experience across many therapeutic areas to improve its
reach and drive greater participation in future competitive bidding
processes, placing INC among the lower end of the top-tier CROs.
The company has completed studies in a diverse group of therapeutic
classes including, oncology, central nervous system, and infectious
diseases, similar to other large CROs.  S&P expects the company to
grow its market share in subsequent periods, especially in its
areas of expertise including liquid tumors, ophthalmology, and pain
management (these three classes represent over 10% of all drugs in
development).

The stable outlook reflects S&P's view that the company will grow
at or above the industry average and see a slight decline (about
100 basis points) in margins over the next year.  The outlook
reflects S&P's view that the company will generate strong cash flow
to fund share repurchases and small tuck-in acquisitions.

S&P could consider lowering the rating if the company raises about
$450 million in debt to fund share repurchases or acquisitions with
no incremental EBITDA.  S&P views a downgrade from operational
difficulties as unlikely over the next year, given the company's
cushion for EBITDA decline, its $2 billion backlog, and continued
industry tailwinds for outsourced global clinical research.

S&P views an upgrade to investment grade as unlikely over the next
year.  S&P could consider an upgrade if the company has revenue
comparable to other investment grade CROs (about $1.5 billion) and
the company commits to a long-term leverage target of about 1.5x.



INTEGRITY MILLWORK: U.S. Trustee Unable to Appoint Committee
------------------------------------------------------------
An official committee of unsecured creditors has not yet been
appointed in the Chapter 11 case of Integrity Millwork, Inc. as of
Dec. 14, according to a court docket.

Integrity Millwork, Inc. and The Millwork Shoppe Inc. manufacture
and sell residential and commercial cabinetry, moulding and trim,
and operate their business from a leased space located at 2115 N.
Sports Complex Lane, Nixa, Missouri.

The Debtors sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. W. D. Mo. Case Nos. 16-61061 and 16-61064) on Oct. 27,
2016.  

David E. Schroeder, Esq., at David Schroeder Law Office, P.C.,
serves as the Debtors' bankruptcy counsel.

At the time of the filing, Integrity Millwork estimated assets of
less than $100,000 and liabilities of less than $1 million.
Millwork Shoppe estimated assets and liabilities of less than $1
million.

Acting U.S. Trustee Daniel J. Casamatta on Dec. 8, 2016, appointed
Big Blue, Inc., dba America Building Products, Creative Associates
Inc., and Mid-Am Building Supply, Inc., to serve on the official
committee of unsecured creditors of The Millwork Shoppe Inc.


INTER123 CORP: Plan Confirmation Hearing Set for Feb. 21
--------------------------------------------------------
The U.S. Bankruptcy Court for the District of Nevada is set to hold
a hearing on Feb. 21, at 9:30 a.m., to consider confirmation of
Inter123 Corp.'s proposed plan to exit Chapter 11 protection.

Creditors have until Feb. 7 to file objections to the proposed
restructuring plan.  The deadline for creditors to cast their votes
is Jan. 31.

The latest plan will pay Class 2 general unsecured creditors 40% of
their allowed claims in 60 equal monthly installments.  Inter123
estimates Class 2 claims at $351,227.76, of which 40% is
$103,821.10.  

Given 60 equal monthly installments, the company estimates its
monthly payment on Class 2 claims will be approximately $1,730.35,
according to the latest disclosure statement filed on Nov. 29.

A copy of the first amended disclosure statement is available for
free at https://is.gd/0BJx5s

                      About Inter123 Corp.

Inter123 Corporation filed for Chapter 11 bankruptcy protection
(Bankr. D. Nev. Case No. 16-12076) on April 15, 2016.  Ryan A.
Andersen, Esq., at Andersen Law Firm, Ltd., serves as the Debtor's
counsel.

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

The Office of the U.S. Trustee on Oct. 18 disclosed in a court
filing that no official committee of unsecured creditors has been
appointed in the Chapter 11 case of Inter123 Corporation.


INTERMARK INC: Feb. 10 Disclosure Statement Hearing
---------------------------------------------------
The Hon. Dale L. Somers of the U.S. Bankruptcy Court for the
District of Kansas has scheduled a hearing on Feb. 10, 2017, at
1:30 P.M., to consider approval of the disclosure statement and
chapter 11 plan of reorganization filed by Intermark, Inc., on Dec
5, 2016.

Objections to the disclosure statement shall be filed on or before
Jan 19, 2017.

The Debtor filed a combined plan and disclosure statement on Dec.
5, 2016, which proposes to pay general unsecured creditors $25,000
that will be shared pro-rata.

Class 3 consists of unsecured labor claims of Associated Benefit
Managers.  The Debtor will make a monthly payment to  Associated
Benefit Managers of $3,000 beginning May 1, 2017, for 59 months and
a final payment in month 60 of $31.75 for a total payment of
$177.031.

Class 4 consists of general unsecured claims. Class 4 is impaired
and will be paid $25,000 on April 1, 2022, that will be shared
pro-rata among unsecured creditors. This payment will result a
dividend of roughly 5% to the unsecured creditors.

Payments and distributions under the plan will be funded by the
Debtor's ongoing operations.

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

             http://bankrupt.com/misc/ksb13-22036-271.pdf 

Intermark, Inc., filed for a chapter 11 bankruptcy protection
(Bankr. D. Kans. Case No. 13-22036) on Aug. 7, 2013. The company is
represented by Colin N. Gotham, Esq. of EVANS & MULLINIX, P.A.


INTERNATIONAL SHIPHOLDING: Have Until Feb. 27 to File Ch. 11 Plan
-----------------------------------------------------------------
Judge Stuart M. Bernstein of the U.S. Bankruptcy Court for the
Southern District of New York extended International Shipholding
Corporation, et. al.'s exclusive periods for filing a chapter 11
plan and soliciting acceptances to the plan through February 27,
2017 and April 28, 2017, respectively.

The Debtors previously sought the extension of their exclusive
periods contending that they are pursuing a two-pronged approach in
order to maximize the value of their estates: (1) execute the Sale
process for one of their four business segments, the Specialty
Business Segment, and (2) obtain confirmation of the Plan with a
plan sponsor to reorganize the Debtors' remaining three business
segments.

In connection with the Sale, the Debtors related that the Court
entered an Order approving the bidding procedures for the sale of
the Specialty Business Segment, and establishing bid deadline of
December 8, 2016, with an auction to take place on December 15,
2016, and the hearing to approve the Sale currently set for
December 20, 2016.  The Debtors anticipated a competitive auction
process for the Specialty Business Segment.  

The Debtors related that they have filed a Plan and Disclosure
Statement on November 14, 2016 with respect to the remainder of
their business segments.  They further related that they had
entered into a restructuring support agreement with the Plan
sponsor, which was approved by the Court on November 21, 2016.

The Debtors contended that the hearing on the Disclosure Statement
is set for December 20, 2016, and the proposed confirmation hearing
on the Plan is set on February 2, 2017.

         About International Shipholding Corporation

International Shipholding Corporation filed a Chapter 11 petition
(Bankr. S.D.N.Y. Case No. 16-12220) on July 31, 2016. Its
affiliated Debtors also filed separate Chapter 11 petitions. The
petitions were signed by Manuel G. Estrada, vice president and
chief financial officer.

The Debtors are represented by David H. Botter, Esq., Sarah Link
Schultz, Esq., and Travis A. McRoberts, Esq., at Akin Gump Strauss
Hauer & Feld LLP. The Debtors' Restructuring Advisor is Blackhill
Partners, LLC. Their Claims, Noticing & Balloting Agent is Prime
Clerk LLC.

The Debtors disclosed total assets at $305.08 million and total
debts at $226.83 million as of March 31, 2016.

William K. Harrington, the U.S. Trustee for the Southern District
of New York, on Sept. 1 appointed three creditors to serve on the
official committee of unsecured creditors of International
Shipholding Corporation. The Committee hires Pachulski Stang Ziehl
& Jones LLP as counsel, and AMA Capital Partners, LLC as financial
advisor.



J. G. SOLIS: Siemens Financial Objects to Disclosure Statement
--------------------------------------------------------------
Siemens Financial Services, Inc., filed a precautionary objection
to the disclosure statement and plan of reorganization proposed by
J. G. Solis Inc., dated Nov. 8, 2016.

Siemens Financial does not agree with the treatment of its claim as
set forth in the Debtor's proposed Chapter 11 Plan of
Reorganization, and complained that the Debtor has not disclosed
all of the terms relevant to the Debtor's proposed treatment of
Siemens Financial's claim under the proposed plan in the disclosure
statement.

Thus, Siemens Financial objects to the disclosure statement and
reserves all of its rights to further object to same.

                   About J.G. Solis, Inc.

J G Solis, Inc., filed a chapter 11 petition (Bankr. W.D. Tex.
Case
No. 16-70080) on May 17, 2016.  The petition was signed by Joel
G.
Solis, president.  The Debtor is represented by Jesse Blanco
Jr.,
Esq., in San Antonio, Tex.  The Debtor estimated assets and
liabilities at $0 to $50,000 at the time of the filing.

This chapter 11 proceeding is related to (but not jointly
administered with) In re all City Well Service, LP (Bankr. W.D.
Tex. Case No. 16-70079) also filed on May 17, 2016.


J.B.B. ENTERPRISES: Seeks Conditional Approval of Plan
------------------------------------------------------
J.B.B. Enterprises, Inc., filed a motion asking the U.S. Bankruptcy
Court for the District of Georgia to conditionally approve its
disclosure statement explaining its plan of reorganization, dated
Nov. 23, 2016.

The Debtor asks that the Court conditionally approves the
disclosure statement and combine the final hearing on its approval
with the hearing on confirmation of the plan, and grant such other
relief as appropriate.

J.B.B. Enterprises, Inc., filed for Chapter 11 bankruptcy
protection (Bankr. M.D. Ga. Case No. 16-70102) on Jan. 29, 2016.
The Debtor is represented by Wesley J. Boyer, Esq., at Katz,
Flatau, Popson and Boyer, LLP.


JAMES BRIAN CARROLL: Jan. 12 Plan Confirmation Hearing
------------------------------------------------------
Judge Stephen C. St. John of the U.S. Bankruptcy Court for the
District of Virginia approved the disclosure statement explaining
the chapter 11 plan of reorganization filed by James Brian Carroll
on Oct. 12, 2016.

The total amount to be paid to Class 14 under the plan is
$693,083.20, which represents 90.3% payout to holders of claims
that make up the Class 14 Claims.   

The Debtor believes that he will have enough cash on hand on the
Effective Date of the Plan to pay all the claims and expenses
require to be paid on that date.

The Disclosure Statement is available at:

           http://bankrupt.com/misc/vaeb16-70766-69.pdf 

Jan. 12, 2017 at 11:00 a.m. is fixed for the hearing on
confirmation of the plan.

Jan. 5, 2017 is fixed as the last day for filing written
acceptances or rejections of the plan.

Any objection to confirmation of the plan and any complaint
objecting to the discharge of the individual debtor, if applicable,
shall be filed no later than 7 days prior to the hearing on
confirmation of the plan.

James Brian Carroll is a resident of Smithfield, Virginia, who has
been farming since 1990.  In addition to farming, he also
provides
part-time handy services to the general public and began working
at
a funeral home this past year.  It is anticipated that he will be
a
funeral director with Little's Funeral  Home & Cremation
Service. 
His non-filing spouse is retired and who is currently raising
cattle.  The Debtor has grown his farming operations from 100
acres
to approximately 2,500 acres as of 2015.  He has grown cotton,
corn, soybeans, edible soybeans and wheat.  At this time, his
crops
include two different types of soybean.  His income is primarily
received from his farming operations.

The Debtor filed for Chapter 11 bankruptcy protection (Bankr. E.D.
Va. Case No. 16-70766) on March 7, 2016.


JOEL G. SOLIS: Siemens Financial Objects to Disclosure Statement
----------------------------------------------------------------
Siemens Financial Services, Inc., filed a precautionary objection
to the disclosure statement and plan of reorganization proposed by
Joel G. Solis dated Nov. 21, 2016.

Siemens Financial does not agree with the treatment of its claim as
set forth in the Debtor's proposed Chapter 11 Plan of
Reorganization, and complained that the Debtor has not disclosed
all of the terms relevant to the Debtor's proposed treatment of
Siemens Financial's claim under the proposed plan in the disclosure
statement.

For these reasons, Siemens Financial respectfully objects to the
Disclosure Statement and reserves all of its rights to further
object to same.

Based in n Midland, Texas, Joel G. Solis owns a number of
companies
providing various services to oil companies in the Permian Basin
and has guaranteed several of the claims held against those
companies.  He also is the owner of a lake lodge that was
subject
to a notice of intent to foreclose.  The mortgage on the lake
lodge
is in the amount of approximately $251,000 against a value of over
$650,000.  The Debtor owes the IRS approximately $690,000 in
taxes.
The Debtor has no debt on his homestead.  The guarantees exceed
$21,700,000. 

The Debtor filed for Chapter 11 bankruptcy protection (Bankr. W.D.
Tex. Case No. 16-70093) on June 6, 2016.  Jesse Blanco Jr.,
Esq.,
serves as the Debtor's bankruptcy counsel.


JOHN COLARENI: Junkerses Buying Ramsey Property for $1.6 Million
----------------------------------------------------------------
Judge Vincent F. Papalia of the U.S. Bankruptcy Court for the
District of New Jersey will convene a hearing on Jan. 18, 2016 at
10:00 a.m. to consider John Colaneri's sale of real property
located at 180 Wyckoff Avenue, Ramsey, New Jersey, to Tyson Junkers
and Elizabeth Junkers for $1,580,000, subject to higher and better
offers.

Any answering papers or objections to the Debtor's motion must be
filed and served at least seven days before the return date of the
Motion.  

The Property is a single-family residential home consisting of four
bedrooms, three baths, and situated on 2.16 acres of land. The
Debtor owns the Property as joint tenants with right of
survivorship with his wife, Jennifer Colaneri.  The Debtor and his
wife have entered into a Contract for Sale of Real Estate to
purchase the Property for $1,580,000 with the Purchasers.  The
Purchase Agreement and the sale to the Purchasers is contingent
upon and subject to the Court's approval.

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

         http://bankrupt.com/misc/John_Colaneri_108_Sales.pdf

The pertinent terms of the Purchase Agreement are:

   a. The Purchase Agreement provides for a $1,580,000 purchase
price which Debtor believes to be the fair market value of the
Property.

   b. The Purchasers will make a deposit of $158,000 to be held in
escrow by the Purchasers' attorney.  The deposit will be made by
the Purchasers on Nov. 7, 2016.

   c. The closing is anticipated to occur Jan. 18, 2017. The
Balance of the purchase price will be paid by the Purchasers at the
closing.

   d. The Agreement will be construed, interpreted and enforced
pursuant to the laws of the State of New Jersey.

   e. Title to the Property will be good, marketable and insurable.
If Debtor is unable to transfer the quality of title and
Purchasers and Debtor are unable to agree upon a reduction of the
purchase price, Purchasers will have the option to either void the
Purchase Agreement, in which the case the monies paid by Purchasers
toward the purchase price will be returned to the Purchasers,
together with the actual costs of the title search and the survey
and fees associated in preparing for the closing without further
liability to the Debtor.

   f. Risk of loss or damage to the Property by fire or otherwise,
except ordinary wear and tear, is the responsibility of the Debtor
until the closing.

   g. If the Debtor fails to close title to the Property in
accordance with the Purchase Agreement, Purchasers may commence any
legal action to which the Purchasers may be entitled to.  If
Purchasers fail to close title, Debtor may commence an action for
damages it has suffered, and, in such case, the deposit monies paid
on account of the purchase price will be applied against such
damages.  If Purchasers or Debtor breaches the Purchase Agreement,
the breaching party will be liable to brokers for the commissions
in the amount set forth in the Purchase Agreement.

   h. The Bankruptcy Court will retain jurisdiction with respect to
all matters arising from the Purchase Agreement.

The proposed sale will be subject to the highest and best offer by
a disinterested third-party.  The Debtor will continue to solicit
higher or better offers and present any made at the sale hearing.

The Debtor is in the process of retaining Janine Fraser as the real
estate agent for the sale of the Property.  Ms. Fraser is a
licensed real estate agent in the State of New

Jersey and associated with the firm Coldwell Banker Residential
Brokerage.  Submitted simultaneously with and in support of the
Motion, is the Certification of Janine Fraser

describing the marketing efforts, the length of time the Property
has been marketed for, and any other offers made for the purchase
of the Property.

The Property may be encumbered by mortgages, interests, and other
liens.  

The liens that may encumber the Property are:

          a. Any and all unpaid property taxes owed to the Borough
of Ramsey, New Jersey.

          b. Municipal Lien in the amount of $1,765.

          c. Municipal Lien in the amount of $1,689.

          d. Any and all unpaid municipal charges for water and/or
sewer.

          e. First mortgage lien owed to ConnectOne Bank in the
amount of $963,498.

The Debtor believes the proposed sale provides the best value to
the estate.  Accordingly, the Debtor asks the Court to consent the
sale of the Property free and clear of liens, interests, and
encumbrances.

The Debtor asserts that given the goal of the parties in the case
to liquidate assets and bring thes case to conclusion in the short
term to avoid further operating costs, there is cause to waive the
stay and the Debtor asks that upon approval of the sale, the 14-day
period pursuant to Rule 6004(h) be waived by the Court.

The Purchasers can be reached at:

          Tyson Junkers and Elizabeth Junkers
          250 E Saddle River Rd.
          Saddle River, NJ 07458

Counsel for the Debtor:

          David L. Stevens, Esq.
          SCURA, WIGFIELD, HEYER & STEVENS, LLP
          1599 Hamburg Turnpike
          Wayne, New Jersey 07470
          Telephone: 973-696-8391

John Colaneri sought Chapter 11 protection (Bankr. D.N.J. Case No.
15-24055) on July 27, 2015.


JOHN SCALI SR: Latest Plan to Pay Unsecureds Within 60 Days
-----------------------------------------------------------
General unsecured creditors of John Scali, Sr. will be paid 20% of
their claims within 60 days of the effective date of his proposed
Chapter 11 plan of reorganization, according to the latest
disclosure statement.

The original plan had proposed to pay Class 7 general unsecured
creditors 20% of their claims over a period of 24 months.

Payments to Class 7 general unsecured creditors will be made on a
one-time basis.  All creditors except Laner Muchin will be paid out
of the Debtor's income and existing cash, according to the latest
disclosure statement filed on Nov. 29 with the U.S. Bankruptcy
Court for the Northern District of Illinois.

A copy of the first amended disclosure statement is available for
free at https://is.gd/ZL6MfV

The court is set to hold a hearing on Jan. 10, at 10:00 a.m., to
consider approval of the disclosure statement and the plan.  The
deadline for creditors to cast their votes and file their
objections is Jan. 4.

John M. Scali, Sr., sought Chapter 11 protection (Bankr. N.D. Ill.
Case No. 16-05072) on Feb. 17, 2016.


JWD ASSOCIATES: Creditors To Be Paid Through Sale of Property
-------------------------------------------------------------
JWD Associates filed with the U.S. Bankruptcy Court for the Eastern
District of Pennsylvania a second amended disclosure statement
accompanying its amended plan of reorganization.

Administrative Expenses are to be paid as they are approved by the
Court and at the rate of $500/month continuing through and
including the month in which the sale or refinancing of Debtor's
914-924 S. Concord Road, West Chester, PA 19382, real estate
occurs.  The balance will be paid at the closing of the sale or
refinance of the Debtor's South Concord Road property or as
otherwise agreed upon by the holder of such Claim and the Debtor.

Allowed secured claim of TD Bank, N.A., will be paid $8,000/month
due on the first of each month beginning Dec. 1, 2016, and
continuing through and including the month in which the sale or
refinancing of the Debtor's South Concord Road property occurs.
The balance will be satisfied at the closing of the sale or
refinance of the Debtor's South Concord Road property which will
occur no later than 42 months after the Confirmation Date.  Upon
payment, TD Bank will satisfy any and all obligations of the Debtor
and non-Debtor obligors of the Note(s) and Mortgage(s), which are
the basis for the judgments entered by Confession at the Court of
Common Pleas, Chester County, Pennsylvania.

Allowed unsecured claim of the Internal Revenue Service will be
paid at the closing of the refinancing of the Debtor's South
Concord Road real estate which will occur no later than 42 months
after the Confirmation Date.  All Class 3 - General Unsecured
Claims will be satisfied at the closing of the sale or refinancing
of the Debtor's South Concord Road property.

The Debtor plans to continue to lease the property to Wescho, which
has paid TD Bank $7,000.00/month since November 1, 2015.  Beginning
on December 1, 2016, and continuing through and including the month
of the sale or refinance of the South Concord Road property, the
Debtor, by way of payments from Wescho, will pay $8,000.00/month to
TD Bank.  These payments will be applied in accordance with the
terms of the Note(s) and Mortgage(s), which are the basis for the
judgments entered by Confession at the Court of Common Pleas,
Chester County, Pennsylvania, Case Numbers 13-00450 and 13-00471.
Any balance to TD Bank will be due at the sale or refinancing of
the South Concord Road property.

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

      http://bankrupt.com/misc/paeb14-17493-87.pdf  

Headquartered in West Chester, PA,  JWD Associates filed for
Chapter 11 bankruptcy protection (Bankr. D.P.R. Case No. 14-17493)
on Sept. 17, 2014, listing $1.70 million in total assets and and no
liabilities. The petition was signed by Joachim H. Nussbaumer,
Winnifred J. Nussbaumer, and Dorothea R. Iverson, general partners.


KANE CLINICS: Case Summary & 8 Unsecured Creditors
--------------------------------------------------
Debtor: The Kane Clinics LLC
        320 West Taylor's Crossing
        Alpharetta, GA 30022

Case No.: 16-72304

Chapter 11 Petition Date: December 14, 2016

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

Debtor's Counsel: Leslie M. Pineyro, Esq.
                  JONES & WALDEN, LLC
                  21 Eighth Street, NE
                  Atlanta, GA 30309
                  Tel: (404) 564-9300
                  Fax: 404-564-9301
                  E-mail: lpineyro@joneswalden.com

Estimated Assets: $0 to $50,000

Estimated Liabilities: $1 million to $10 million

The petition was signed by Maria Francis, CEO & member.

A copy of the Debtor's list of eight unsecured creditors is
available for free at http://bankrupt.com/misc/ganb16-72304.pdf


KDA GROUP: Hertz Asks Court To Deny Disclosure Statement
--------------------------------------------------------
Hertz Gateway Center, L.P., objects to the disclosure statement and
plan of reorganization filed by KDA Group, Inc.

In July 2016, the Debtor filed a Motion to Reject Executory Leases,
which included a commercial rental lease with the Movant located in
the building known as Four Gateway Center in Pittsburgh,
Pennsylvania.  Hertz argues that subsequent to the filing of the
Chapter 11 Bankruptcy Case, the Debtor continued to occupy the
premises located in Four Gateway Center from the period of May 12,
2016, though the date of the rejection of the Movant's lease on
August 1, 2016.

Further, a review of the disclosure statement filed by the Debtor
revealed that the Debtor has classified the claim of the Hertz
Gateway Center, LP as a general unsecured non-tax claim.

The Debtor has also failed to include the portion of the time from
May 12, 2016 through August 1, 2016 as an administrative non-tax
claim, Class 5, Hertz complains.

For these reasons, Hertz asks the Court disapprove the disclosure
statement that has been filed by the Debtor in this case.

Attorney for the Movant:
    
     Joseph P. Nigro, Esq.
     PA I.D. NO. 47810
     NIGRO & ASSOCIATES, LLC
     1330 Old Freeport Road, Suite 3BF
     Pittsburgh, PA 15219
     Tel: (412) 471-8118
     Email: nigroj@verizon.net

Headquartered in Pittsburgh, Pennsylvania, KDA Group, Inc., filed
for Chapter 11 bankruptcy protection (Bankr. W.D. Pa. Case No.
16-21821) on May 12, 2016, estimating its assets at between
$100,000 and $500,000 and liabilities at between $10 million and
$50 million.  The petition was signed by Nicholas D. E. Barran,
authorized representative.

Judge Gregory L. Taddonio presides over the case.

Donald R. Calaiaro, Esq., at Calaiaro Valencik serves as the
Debtor's bankruptcy counsel.

The Troubled Company Reporter, on July 1, 2016, reported that the
Office of the U.S. Trustee disclosed in a court filing that no
official committee of unsecured creditors has been appointed in
the
Chapter 11 case of KDA Group, Inc.


LAST CALL: Court Extends Exclusive Plan Filing Period to March 8
----------------------------------------------------------------
Judge Kevin Gross of the U.S. Bankruptcy Court for the District of
Delaware extended Last Call Guarantor, LLC and its affiliated
Debtors' exclusive periods to file a plan of reorganization and
solicit acceptances to the plan, through March 8, 2017 and May 8,
2017, respectively.

The Debtors previously sought the extension of their exclusive
periods, contending that they intend to use the extension of their
exclusive periods to complete the transition of their business to
the purchaser of substantially all of their assets, Fun Easts and
Drinks LLC.  The Debtors further contended that the sale and
discussions with the Official Committee of Unsecured Creditors will
influence the Debtors' exit strategy from the Chapter 11 Cases.

             About Last Call Guarantor, LLC.

Headquartered in Dallas, Texas, and with operations in 25 states,
Last Call Guarantor, LLC, et al., own and operate sports bar and
casual family-dining restaurants under three well-recognized
concepts, namely Fox & Hound, Bailey's Sports Grille, and Champps.

They operate 48 Fox & Hound locations, nine Bailey's locations, and
23 Champps locations.  They have franchise agreements with five
franchisees for Champps Restaurants.  The Company has more than
4,700 full and part-time employees.

On Aug. 10, 2016, each of Last Call Guarantor, LLC, Last Call
Holding Co. I, Inc., Last Call Operating Co. I, Inc., F&H
Restaurants IP, Inc., KS Last Call Inc., Last Call Holding Co. II,
Inc., Last Call Operating Co. II, Inc., Champps Restaurants IP,
Inc. and MD Last Call Inc. filed a Chapter 11 bankruptcy petition
(Bankr. D. Del. Case Nos. 16-11844 to 16-11852).  The petitions
were signed by Roy Messing, the CRO.

Last Call Guarantor estimated assets in the range of $10 million to
$50 million and liabilities of $100 million to $500 million.

Dennis A. Meloro, Esq., Nancy A. Mitchell, Esq., Nancy A. Peterman,
Esq., Matthew Hinker, Esq., and John D. Elrod, Esq., at Greenberg
Traurig, LLP, represent the Debtors as counsel; Epiq Systems, Inc.,
as claims and noticing agent; Newmark Midwest Region, LLC, dba
Newmark Grubb Knight Frank, as real estate consultant; and SSG
Advisors, LLC, as investment banker to the Debtors.

Judge Kevin Gross is assigned to the cases.

Andrew Vara, acting U.S. trustee for Region 3, on Aug. 23, 2016,
appointed seven creditors of Last Call Guarantor, LLC, et al., to
serve on the official committee of unsecured creditors.  The
Committee hired Pachulski Stang Ziehl & Jones LLP, to serve as
counsel.  Protiviti Inc. serves as the committee's financial
advisor.



LEWIS HEALTH: Wants Until March 27 to File Reorganization Plan
--------------------------------------------------------------
Lewis Health Institute, Inc. asks the U.S. Bankruptcy Court for the
Southern District of Florida to extend its exclusive periods for
filing a plan of reorganization and soliciting acceptances to the
plan to March 27, 2017 and May 26, 2017, respectively.

The Debtor currently has until December 26, 2016 to file its plan
of reorganization.

The Debtor relates that it has attended a mediation with its
largest creditor in December 2015.  The Debtor further relates that
at that time, the Debtor and the creditor entered into a Settlement
Agreement which was approved by the Court on January 20, 2016.  

The Debtor tells the Court that it is in the process of finalizing
and determining treatment of its creditor through the Chapter 11
Plan.  The Debtor further tells the Court that it is seeking the
extension of its exclusivity periods without the intent to hinder
or delay any payments due HCA Health Services of Florida, Inc.  The
Debtor adds that the requested extension will permit the Debtor to
move forward in an orderly, efficient and cost effective manner to
maximize the value of the Debtor's assets.

            About Lewis Health Institute, Inc.

Lewis Health Institute, Inc. filed a chapter 11 petition (Bankr.
S.D. Fla. Case No. 15-25980) on Sept. 3, 2015.  The petition was
signed by Yolanda V. Lewis, president.  The Debtor is represented
by Craig I. Kelley, Esq., at Kelley & Fulton, PL.  The Debtor
estimated assets at $0 to $50,000 and liabilities at $100,001 to
$500,000 at the time of the filing.

Judge Paul G. Hyman, Jr. presides over the case.



LIFELINE SLEEP: U.S. Trustee Unable to Appoint Committee
--------------------------------------------------------
The Office of the U.S. Trustee on Dec. 15 disclosed in a court
filing that no official committee of unsecured creditors has been
appointed in the Chapter 11 case of Lifeline Sleep Center, LLC.

                   About Lifeline Sleep Center

Lifeline Sleep Center, LLC, sought protection under Chapter 11 of
the Bankruptcy Code (Bankr. W.D. Pa. Case No. 16-24201) on Nov. 10,
2016.  The petition was signed by Mark Kegg, owner.  

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

Brian C. Thompson, Esq., at Thompson Law Group, P.C., serves as the
Debtor's legal counsel.


LIQUIDMETAL TECHNOLOGIES: Largest Shareholder Takes CEO Role
------------------------------------------------------------
Liquidmetal Technologies, Inc., has named Professor Lugee Li as
president and chief executive officer.  Professor Li has served as
a member of the Company's Board of Directors since March 10, 2016,
and is the sole owner of Liquidmetal Technology Limited (LTL), a
Hong Kong company that is the Company's largest shareholder.
Professor Li will not be taking any compensation as a result of his
appointment as president and chief executive officer.

Professor Li made his first public remarks as President and CEO at
the Company's special investor update conference call held on Dec.
15, 2016.  The dial-in details for the conference call are included
in the press release announcing the call previously issued on Dec.
1, 2016.

The Company and LTL entered into a Securities Purchase Agreement on
March 10, 2016, pursuant to which LTL purchased 405,000,000 shares
of the Company's common stock in multiple closings for an aggregate
purchase price of $63.4 million.  The Company and Enotec entered
into Parallel License Agreement on March 10, 2016, pursuant to
which the Company and Eontec entered into a cross-license of their
respective technologies.

As disclosed in a Form 8-K report filed with the Securities and
Exchange Commission, as a Company employee, Professor Li will be
eligible to receive stock options and other equity-based awards
under the Company's equity incentive plan.  However, no such grants
under the Company's equity incentive plan have been made to
Professor Li, and none are currently contemplated.  As of the
Effective Date, Professor Li will no longer be compensated for his
service as a director of the Company.

                 About Liquidmetal Technologies

Based in Rancho Santa Margarita, Cal., Liquidmetal Technologies,
Inc., and its subsidiaries are in the business of developing,
manufacturing, and marketing products made from amorphous alloys.
Liquidmetal Technologies markets and sells Liquidmetal(R) alloy
industrial coatings and also manufactures, markets and sells
products and components from bulk Liquidmetal alloys that can be
incorporated into the finished goods of its customers across a
variety of industries.  The Company also partners with third-
party licensees and distributors to develop and commercialize
Liquidmetal alloy products.

Liquidmetal reported a net loss and comprehensive loss of $7.31
million on $125,000 of total revenue for the year ended Dec. 31,
2015, compared to a net loss and comprehensive loss of $6.55
million on $603,000 of total revenue for the year ended Dec. 31,
2014.

As of Sept. 30, 2016, Liquidmetal had $8.79 million in total
assets, $5.48 million in total liabilities and $3.30 million in
total shareholders' equity.

SingerLewak LLP, in Los Angeles, California, issued a "going
concern" qualification on the consolidated financial statements for
the year ended Dec. 31, 2015, stating that the Company has suffered
recurring losses from operations, has negative cash flows from
operations and has an accumulated deficit.  This raises substantial
doubt about the Company's ability to continue as a going concern.


MABLETON LLC: Disclosure Statement Hearing Set for Jan. 9
---------------------------------------------------------
Judge Edward J. Coleman III of the U.S. Bankruptcy Court for the
Southern District of Georgia will convene a hearing on Jan. 9,
2017, at 10:00 A.M., to consider approval the disclosure statement
and a competing plan of reorganization filed by creditor Rincon
Investors, LLC, on Nov. 22, 2016.

Jan 4, 2017 is fixed as the last day for filing and serving written
objections to the disclosure statement, including objections to
Rincon Investors, LLC's valuation of assets of the estate.

                    About Mableton LLC

Mableton, LLC, sought protection under Chapter 11 of the
Bankruptcy
Code (Bankr. S. D. Ga. Case No. 15-40124) on January 29,
2015.  The
petition was signed by Edward A. Coleman, member.  

The case is assigned to Judge Edward J. Coleman III.

At the time of the filing, the Debtor disclosed $1.66 million in
assets and $3.47 million in liabilities.


MACELLERIA RESTAURANT: Plan Confirmation Hearing Set for Jan. 19
----------------------------------------------------------------
The Hon. Mary Kay Vyskocil of the U.S. Bankruptcy Court for the
Southern District of New York approved Macelleria Restaurant, Inc's
disclosure statement explaining its chapter 11 plan of liquidation
filed on Nov. 7, 2016.

Jan. 12, 2017 is the deadline for rejecting or accepting the plan.


Jan. 12, 2017 at 4:00 P.M. is fixed as the deadline for filing and
serving any written objections to (a) confirmation of the plan or
(b) final applications for allowance of professional compensation
and reimbursement of expenses.

A hearing shall be held before the Honorable Mary Kay Vyskocil,
U.S. Bankruptcy Judge, at the U.S. Bankruptcy Court, Southern
District of New York, One Bowling Green, Courtroom 501, New York
New York, 10004 on Jan. 19, 2017 at 10:00 A.M. to consider (1)
confirmation of the plan, and (2) final applications for allowance
of professional compensation and reimbursement of expenses.

As reported by the Troubled Company Reporter, under the plan,
holders of Class 3 Allowed General Unsecured Claims will share in a
distribution on a pro rata basis of the remaining  monies in the
plan distribution fund. The Debtor estimates Class 3 Claims to
approximately $1,100,000, with an estimated, approximate minimum 8%
pro rata distribution.   

The Disclosure Statement is available at:

           http://bankrupt.com/misc/nysb16-12110-48.pdf 
           http://bankrupt.com/misc/nysb16-12110-49.pdf

                 About Macelleria Restaurant

Macelleria Restaurant, Inc., based in New York, formerly owned and
operated an Italian steakhouse known as Macelleria in the heart of
New York City's Meatpacking District.  When the Restaurant
opened
in 2000, it was located near Gansevoort Plaza at 48 Gansevoort
Street, between Greenwich Street and Washington Street, New York,
New York.  At that location, the Restaurant was constructed from
a
former downtown meat locker, with two-story exposed brick walls,
hinged doors, antique butcher blocks, vintage cases, and original
17th century Dutch stone in the wine cellar, embracing the history
of the era and presenting a unique space for dining, private
parties, and events. 

The Debtor filed a Chapter 11 petition (Bankr. S.D.N.Y. Case No.
16-12110) on July 25, 2016.  The petition was signed by Violetta
Bitici, president.  The Hon. Mary Kay Vyskocil presides over the
case.

The Debtor disclosed $1.10 million to $1.58 million in both assets
and liabilities as of the bankruptcy filing.

Julie Cvek Curley, Esq., and Jonathan S. Pasternak, Esq., at
Delbello Donnellan Weingarten Wise & Wiederkehr, LLP, serves as
the
Debtor's bankruptcy counsel.

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


MADISON CONSTRUCTION: Case Summary & 20 Top Unsecured Creditors
---------------------------------------------------------------
Debtor: Madison Construction Group, Inc.
        520-A Eagleton Downe Drive
        Pineville, NC 28134

Case No.: 16-32006

Chapter 11 Petition Date: December 15, 2016

Court: United States Bankruptcy Court
       Western District of North Carolina (Charlotte)

Judge: Hon. Craig J. Whitley

Debtor's Counsel: Melanie D. Johnson Raubach, Esq.
                  HAMILTON STEPHENS STEELE + MARTIN, PLLC
                  201 S. College Street, Suite 2020
                  Charlotte, NC 28244
                  Tel: 704-227-1059
                  Fax: 704-344-1483
                  E-mail: mraubach@lawhssm.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Christopher Mezzanotte, president.

A copy of the Debtor's list of 20 largest unsecured creditors is
available for free at http://bankrupt.com/misc/ncwb16-32006.pdf


MANUEL A. NOYA: Disclosure Statement Hearing on Jan. 23
-------------------------------------------------------
Judge Robert A. Gordon of the U.S. Bankruptcy Court for the
District of Maryland will convene a hearing on Jan. 23, 2017, at
2:00 P.M., to consider approval of the disclosure statement and
chapter 11 plan of reorganization filed by Brett Weiss on behalf of
Manuel A. Noya.

As reported by the Troubled Company Reporter, holders of Class C
General Unsecured Claims will be paid a total of $95,000 in one
payment of $5,000 on the Effective Date under the plan.  The
Disclosure Statement is available at:

         http://bankrupt.com/misc/mdb14-19417-241.pdf

Jan. 2, 2017, is fixed as the last day for filing and serving
written objections to the disclosure statement.

Manuel A. Noya a is a 67-year-old individual resident of Baltimore
County, Maryland.  After attending Fordham University in New
York
City, he has worked as an independent insurance adjuster since
1970.  Starting as an adjuster in New York, he rose to a Senior
Adjuster, General Adjuster, Claims Manager and Executive Vice
President of a large independent adjustment bureau.  The Debtor
currently resides in a house owned at 6422 Wilmot Drive,
Reisterstown, Maryland 21136. 

The Debtor filed for Chapter 11 bankruptcy protection (Bankr. D.
Md. Case No. 14-1-9417).


MARILYN DEREGGI: 8.3% Recovery for Unsecured Creditors
------------------------------------------------------
Marilyn J. Dereggi filed with the U.S. Bankruptcy Court for the
District of Maryland a disclosure statement with respect to her
second amended plan of reorganization, which contemplates the
immediate full payment of Allowed Administrative claims,
bifurcation of certain secured claims, the payment over time of the
full amount of the secured portion of all claims, and a pro rata
distribution to general unsecured creditors.

Class 7 consists of holders of General Unsecured Claims.

Incorporating this Court's orders and anticipated orders stripping
down the claims of Bank of New York Mellon on the 21000 Property,
Deutsche Bank on the 21006 Property, and Wilmington Trust on the
15445 Property, the total Allowed Claims to which the Debtor does
not plan to object included in Class 7 is anticipated to be
$431,310. The Debtor will provide payments of $2,400 per quarter
commencing on or before the fifth day of the sixth calendar quarter
after the Effective Date through the twentieth quarter after the
Effective Date, plus additional quarters that the Court determines
is necessary for the Debtor.  The payments will be made in
consecutive quarterly intervals and will be distributed among all
Class 7 creditors on a pro rata basis.

The Debtor will pay, pro rata, holders of General Unsecured Claims
(i) from post-Effective Date income, payments of $2,400 per quarter
commencing on or before the fifth day of the sixth calendar quarter
after the Effective Date through the twentieth quarter after the
Effective Date; (ii) the net proceeds of the sale of the Buffalo
County Land, within 28 days of such sale; and (iii) the net
proceeds of any litigation, within 28 days of resolution of such
litigation.  The total amount to be paid to Class 7 creditors under
the Plan is at least $36,000. This sum provides a projected
recovery of at least 8.3% of the Allowed Claims of Class 7
creditors, plus the proceeds of litigation and the sale of the
Buffalo County Land. Payment of the foregoing sum to Class 7
creditors shall constitute full and final satisfaction of the
claims of Class 7 creditors.

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

      http://bankrupt.com/misc/mdb15-26939-158.pdf

Marilyn J. Dereggi is a 75 year-old woman living in Boyds,
Maryland. She resided at a property known as the Boyd-Maughlin
House, located at 15215 Clarksburg Road, Boyds, Maryland 20841.
The Debtor filed for Chapter 13 bankruptcy protection (Bankr. D.
Md. Case No. 15-26939) on Dec. 8, 2015. Nancy Spencer-Grigsby was
appointed as Chapter 13 Trustee.

Subsequent to the Petition Date, the Debtor determined that her
debts were in excess of the limits for Chapter 13 debtors. On
March 14, 2016, the Debtor filed a motion to convert her case to
Chapter 11. On April 4, 2016, the Court entered an order granting
the motion to convert.


MARINA BIOTECH: Isarna CEO Named to Join Board of Directors
-----------------------------------------------------------
Marina Biotech, Inc., announced that Dr. Philippe P. Calais was
elected to the Marina Biotech board of directors, which he will
join effective Jan. 1, 2017.  Dr. Calais currently serves as chief
executive officer of Isarna Therapeutics.

"We are delighted to welcome Philippe to the Marina board of
directors," said Joseph Ramelli, CEO of Marina Biotech.  "His
breadth of knowledge, experience, and connections in the biotech
industry are truly impressive and we look forward to his future
contributions to the company.  His experience with development and
commercialization of antisense therapeutics will prove invaluable
as we continue to unlock the potential of Marina's oligo
therapeutic assets."

"I am delighted to join the board of Marina," said Dr. Calais.
"Working closely with Vuong for the last 2.5 years, I came to
recognize the depth of his scientific leadership as well as his
unique accomplishments to strengthen his company network, Marina
being the most recent example of his innovative vision.  I look
forward to bringing my experience and expertise to serve Marina's
board and management in order to take the new company to new
heights!"

Dr. Calais has over 28 years of biopharmaceutical and
pharmaceutical industry experience in North America and Europe.
Prior to becoming CEO of Isarna Therapeutics, he managed several
biopharmaceutical companies in Canada and in Europe and headed a
large technology transfer organization, focusing on corporate
strategic positioning, company deployment and sales optimization
strategies.  His management expertise, combined with extensive
experience with large pharma companies, such as ICI Pharmaceuticals
and Roche, covers the full scope of the drug chain -- from
discovery to clinical development, commercialization as well as
partnership and franchise strategic marketing for several
therapeutic areas.  He has successfully raised significant
financing internationally for private and publicly traded biotechs.
A French citizen residing in Germany, he has a degree and
doctorate in pharmacy from France.

Dr. Vuong Trieu, nominated Dr. Calais for the board pursuant to the
terms of the recently completed merger between Marina with
IthenaPharma, which gave him the right to nominate one board
member.  In other developments, on Dec. 8, 2016, the board of
directors appointed Mr. Ramelli as chief executive officer,
transitioning from interim chief executive officer.  In order to
keep the board membership at five, Joseph Ramelli will be stepping
down from the board.

"We thank Joe for his past contribution as a member of the board
and look forward to working together with him as the permanent CEO
and with the management team to transition the company into a
clinical stage biotechnology company," said Vuong Trieu, Chairman
of Board.

                       About Marina Biotech

Marina Biotech, Inc., headquartered in Bothell, Washington, is a
biotechnology company focused on the discovery, development and
commercialization of nucleic acid-based therapies utilizing gene
silencing approaches such as RNA interference ("RNAi") and
blocking messenger RNA ("mRNA") translation.  The Company's goal
is to improve human health through the development, either through
its own efforts or those of its collaboration partners and
licensees, of these nucleic acid-based therapeutics as well as the
delivery technologies that together provide superior treatment
options for patients.  The Company has multiple proprietary
technologies integrated into a broad nucleic acid-based drug
discovery platform, with the capability to deliver novel nucleic
acid-based therapeutics via systemic, local and oral
administration to target a wide range of human diseases, based on
the unique characteristics of the cells and organs involved in
each disease.

On June 1, 2012, the Company announced that, due to its financial
condition, it had implemented a furlough of approximately 90% of
its employees and ceased substantially all day-to-day operations.
Since that time substantially all of the furloughed employees have
been terminated.  As of Sept. 30, 2012, the Company had
approximately 11 remaining employees, including all of its
executive officers, all of whom are either furloughed or working
on reduced salary.  As a result, since June 1, 2012, its internal
research and development efforts have been minimal, pending
receipt of adequate funding.

Marina Biotech reported net income applicable to common
stockholders of $2.64 million for the year ended Dec. 31, 2015,
compared to a net loss applicable to common stockholders of $12.47
million for the year ended Dec. 31, 2014.

As of Sept. 30, 2016, Marina Biotech had $6.88 million in total
assets, $5.47 million in total liabilities and $1.40 million in
total stockholders' equity.

Wolf & Company, P.C., in Boston, Massachusetts, issued a "going
concern" qualification on the consolidated financial statements
for the year ended Dec. 31, 2015, citing that the Company has
suffered recurring losses from operations, has a significant
accumulated deficit and does not have sufficient capital to fund
its operations.  This raises substantial doubt about the Company's
ability to continue as a going concern.


MARINA BIOTECH: Removes Interim Tag on Ramelli as CEO
-----------------------------------------------------
The Board of Directors of Marina Biotech, Inc., appointed Joseph W.
Ramelli, interim chief executive officer of the Company, to serve
as chief executive officer of the Company, effective Dec. 8, 2016.
At the same time, Mr. Ramelli resigned as a member of the Board
effective immediately.  Prior to his resignation, Mr. Ramelli had
served as a member of each of the Audit Committee and the
Compensation Committee of the Board and as the chair of the
Nominating and Corporate Governance Committee of the Board.  Mr.
Ramelli's resignation from the Board did not result from any
disagreement with the Company.

Mr. Ramelli, age 48, has served as a director of the Company since
August 2012 and served as interim chief executive officer of the
Company and as Chairman of its Board of Directors from June 10,
2016, until Dec. 8, 2016.  Prior to his appointment as chief
executive officer, Mr. Ramelli worked as a consultant for several
investment funds providing in-depth due diligence and investment
recommendations.  He has over 20 years of experience in the
investment industry, having worked as both an institutional equity
trader and as an equity analyst at Eos Funds, Robert W. Duggan &
Associates, and Seneca Capital Management.  Mr. Ramelli graduated
with honors from the University of California at Santa Barbara,
with a B.A. in business economics.

"There is no arrangement or understanding between Mr. Ramelli and
any other person pursuant to which he was selected as an executive
officer.  There are also no family relationships between Mr.
Ramelli and any director or executive officer of the Company, and
he does not have any direct or indirect material interest in any
transaction required to be disclosed pursuant to Item 404(a) of
Regulation S-K," according to the regulatory filing with the
Securities and Exchange Commission.

                     About Marina Biotech

Marina Biotech, Inc., headquartered in Bothell, Washington, is a
biotechnology company focused on the discovery, development and
commercialization of nucleic acid-based therapies utilizing gene
silencing approaches such as RNA interference ("RNAi") and
blocking messenger RNA ("mRNA") translation.  The Company's goal
is to improve human health through the development, either through
its own efforts or those of its collaboration partners and
licensees, of these nucleic acid-based therapeutics as well as the
delivery technologies that together provide superior treatment
options for patients.  The Company has multiple proprietary
technologies integrated into a broad nucleic acid-based drug
discovery platform, with the capability to deliver novel nucleic
acid-based therapeutics via systemic, local and oral
administration to target a wide range of human diseases, based on
the unique characteristics of the cells and organs involved in
each disease.

On June 1, 2012, the Company announced that, due to its financial
condition, it had implemented a furlough of approximately 90% of
its employees and ceased substantially all day-to-day operations.
Since that time substantially all of the furloughed employees have
been terminated.  As of Sept. 30, 2012, the Company had
approximately 11 remaining employees, including all of its
executive officers, all of whom are either furloughed or working
on reduced salary.  As a result, since June 1, 2012, its internal
research and development efforts have been minimal, pending
receipt of adequate funding.

Marina Biotech reported net income applicable to common
stockholders of $2.64 million for the year ended Dec. 31, 2015,
compared to a net loss applicable to common stockholders of $12.47
million for the year ended Dec. 31, 2014.

As of Sept. 30, 2016, Marina Biotech had $6.88 million in total
assets, $5.47 million in total liabilities and $1.40 million in
total stockholders' equity.

Wolf & Company, P.C., in Boston, Massachusetts, issued a "going
concern" qualification on the consolidated financial statements
for the year ended Dec. 31, 2015, citing that the Company has
suffered recurring losses from operations, has a significant
accumulated deficit and does not have sufficient capital to fund
its operations.  This raises substantial doubt about the Company's
ability to continue as a going concern.


MARINA BIOTECH: Squar Milner Replaces Wolf & Co. as Accountants
---------------------------------------------------------------
Marina Biotech Inc. dismissed Wolf & Company, P.C. as the Company's
independent registered public accounting firm on Dec. 8, 2016.  The
decision to change the Company's independent registered public
accounting firm was approved by the Board of Directors.

Wolf's report on the Company's financial statements for either of
the two most recent fiscal years ended Dec. 31, 2015, and 2014 did
not contain an adverse opinion or a disclaimer of opinion, or
qualification or modification as to uncertainty, audit scope or
accounting principles, except that such report on the Company's
financial statements contained an explanatory paragraph in regard
to the substantial doubt about the Company's ability to continue as
a going concern.

During the Company's two most recent fiscal years ended Dec. 31,
2015, and 2014 and during the subsequent interim period from Jan.
1, 2016, through Dec. 8, 2016, (i) there were no disagreements,
resolved or not, with Wolf on any matter of accounting principles
or practices, financial statement disclosure, or audit scope or
procedures that, if not resolved to Wolf's satisfaction, would have
caused Wolf to make reference to the subject matter of the
disagreement in connection with its reports and (ii) there were no
"reportable events" as defined in Item 304(a)(1)(v) of Regulation
S-K, except that Wolf advised the Company of the following
financial reporting deficiencies that represent material weaknesses
as of Dec. 31, 2013, as described in the Company's Annual Report on
Form 10-K for the fiscal year ended Dec. 31, 2013, which annual
report was filed with the Securities and Exchange Commission on
March 30, 2014:

   * Financial Reporting Process: Because of the financial
     challenges that the Company faced during the 2013 fiscal year
     and during subsequent reporting periods prior to the filing
     of the Annual Report on Form 10-K for the 2013 fiscal year,
     the Company did not maintain a financial reporting process
     which would have enabled the Company to issue timely
     financial statements as required by the rules of the SEC.
       
   * Qualified Personnel: The Company determined that processes
     and controls over timely impairment testing of long-lived
     assets were inadequate at such time primarily because the
     Company lacked the resources at such time to acquire the
     necessary valuation expertise to operate effective processes
     and controls over the impairment testing of long-lived
     assets.  As a result, a reasonable possibility existed at
     such time that material misstatements in the Company's
     financial statements would not be prevented or detected on a
     timely basis.

On Dec. 8, 2016, Squar Milner LLP was engaged as the Company's
independent registered public accounting firm for the year ending
Dec. 31, 2016.  The appointment of Squar was approved by the Board
of Directors.

The Company said that during the two most recent fiscal years ended
Dec. 31, 2015, and 2014 and during the subsequent interim period
from Jan. 1, 2016, through Dec. 8, 2016, neither the Company nor
anyone on its behalf consulted Squar regarding either (i) the
application of accounting principles to a specified transaction,
either completed or proposed, or the type of audit opinion that
might be rendered on the Company's financial statements, and
neither a written report nor oral advice was provided to the
Company that Squar concluded was an important factor considered by
the Company in reaching a decision as to any accounting, auditing
or financial reporting issue, or (ii) any matter that was either
the subject of a "disagreement" or a "reportable event", each as
defined in Regulation S-K Item 304(a)(1)(v), respectively.

                       New Headquarters

On Dec. 8, 2016, the Company moved its headquarters to 17870
Castleton St., Ste. 250, City of Industry, CA 91748.  The Company's
new telephone and fax numbers are as follows, phone: 626-964-5788,
fax: 626-964-5988.

                     About Marina Biotech

Marina Biotech, Inc., headquartered in Bothell, Washington, is a
biotechnology company focused on the discovery, development and
commercialization of nucleic acid-based therapies utilizing gene
silencing approaches such as RNA interference ("RNAi") and
blocking messenger RNA ("mRNA") translation.  The Company's goal
is to improve human health through the development, either through
its own efforts or those of its collaboration partners and
licensees, of these nucleic acid-based therapeutics as well as the
delivery technologies that together provide superior treatment
options for patients.  The Company has multiple proprietary
technologies integrated into a broad nucleic acid-based drug
discovery platform, with the capability to deliver novel nucleic
acid-based therapeutics via systemic, local and oral
administration to target a wide range of human diseases, based on
the unique characteristics of the cells and organs involved in
each disease.

On June 1, 2012, the Company announced that, due to its financial
condition, it had implemented a furlough of approximately 90% of
its employees and ceased substantially all day-to-day operations.
Since that time substantially all of the furloughed employees have
been terminated.  As of Sept. 30, 2012, the Company had
approximately 11 remaining employees, including all of its
executive officers, all of whom are either furloughed or working
on reduced salary.  As a result, since June 1, 2012, its internal
research and development efforts have been minimal, pending
receipt of adequate funding.

Marina Biotech reported net income applicable to common
stockholders of $2.64 million for the year ended Dec. 31, 2015,
compared to a net loss applicable to common stockholders of $12.47
million for the year ended Dec. 31, 2014.

As of Sept. 30, 2016, Marina Biotech had $6.88 million in total
assets, $5.47 million in total liabilities and $1.40 million in
total stockholders' equity.

Wolf & Company, P.C., in Boston, Massachusetts, issued a "going
concern" qualification on the consolidated financial statements
for the year ended Dec. 31, 2015, citing that the Company has
suffered recurring losses from operations, has a significant
accumulated deficit and does not have sufficient capital to fund
its operations.  This raises substantial doubt about the Company's
ability to continue as a going concern.


MARION AVENUE: Morales PI Claim To Be Paid From Insurance
---------------------------------------------------------
Marion Avenue Management LLC filed with the U.S. Bankruptcy Court
for the Southern District of New York an amended disclosure
statement relating to its plan of reorganization, a full-text copy
of which is available at:

        http://bankrupt.com/misc/nysb16-10213-43.pdf

Under the plan, Class 3 consists of the allowed Unsecured General
Claims. There are four Class 3 Claims owed the aggregate amount of
$14,000.

Each holder of an Allowed Unsecured General Claim will be paid in
full in two payments of 50% each, one on the Effective Date of the
plan and one 3 months later. The second payment will include
post-petition interest at the federal judgment rate unless
otherwise agreed by the respective Class 3 Claimants, in full
settlement, satisfaction and release of such Claim. Class 3 is
impaired.

Class 4 consists of the unliquidated personal injury tort claim
filed by Franklin Morales.  This claim is purely estimated and has
not yet been liquidated. Following conclusion of the Declaratory
Judgment Action, the final amount of the Class 4 claim will be
fixed in the state court in connection with the trial on damages in
the Personal Injury Action. For purposes of the claims resolution
process, confirmation of the Plan will be deemed a continuing
objection by the Debtor to the final allowance of the Class 4 claim
until the damages are fixed in the state court by a final order or
judgment.  After a final determination of the Class 4 claim in the
state court, Mr. Morales will be paid first from available
insurance proceeds, if any. If, at the conclusion of the Personal
Injury Action, the amount of Mr. Morales Class 4 Claim is greater
than the available insurance proceeds, the balance due will be paid
by the Debtor through a refinance of the Property. The Class 4
Claim of Morales is deemed impaired.

The payments of Administrative Expenses and Class 1, 2, and 3
Claims shall be made from operating income and other contributors
of equity holder.

        About Marion Avenue Management LLC

Headquartered in New York, Marion Avenue Management LLC owns
certain commercial real property located at 314-326 East 194th
Street, Bronx, New York, with seven commercial tenants. It filed
for Chapter 11 bankruptcy protection (Bankr. S.D.N.Y. Case No.
16-10213) on Jan. 29, 2016, listing $2.01 million in total assets
and $554,169 in total liabilities. The petition was signed by Sion
Sohayegh, manager.

Judge James L. Garrity, Jr., presides over the case.

Ted Donovan, Jr., Esq., and Kevin J. Nash, Esq., at Goldberg
Weprin
Finkel Goldstein LLP serve as the Debtor's bankruptcy counsel.


MARITIME COMMUNICATIONS: PTC-220 Buying MCLM License for $1.95M
---------------------------------------------------------------
Maritime Communications/Land Mobile, LLC ("MCLM"), asks the U.S.
Bankruptcy Court for the Northern District of Mississippi to
authorize the sale of Automated Maritime Telecommunications System
license WRV374 ("MCLM License") to PTC-220, LLC, for $1,950,000.

MCLM is engaged in the exclusive spectrum business with operations
on spectrum licensed to it by the Federal Communications Commission
("FCC").  Subsequent to the filing of the petition and the
Confirmation Order,  MCLM has continued to market its assets
providing, essentially, for the sale, lease or other disposition of
certain assets/frequencies.

MCLM is the holder of MCLM License, issued by the FCC, providing
500+500 kHz for frequencies in the 217.5-218 MHz and 219.5-220 MHz
bands at, among other locations, the Rehoboth, Massachusetts,
Hamden, Connecticut, and Selden, New York ("MCLM Sites").

PTC-220 is a party to an Asset Purchase Agreement with Intelligent
Transportation & Monitoring Wireless, LLC and a receiver exercising
control over certain of its assets, under which PTC-220 is to
purchase 250 kHz in the 217.5-217.75 MHz portion of the spectrum in
various counties falling within the service area of the Rehoboth
MCLM site and 100 kHz in the 217.5-217.6 MHz portion of the
spectrum in various counties falling within the service area of the
Hamden and Selden MCLM Sites.  MCLM will be retaining 750 kHz (or
75%) of its licensed spectrum in the Rehoboth service area, and
900kHz (or 90%) in the Hamden/Selden service area.

On Oct. 20, 2016, MCLM entered into an Agreement with PTC-220 for
modification of its license agreement ("MCLM License Modification")
under which 250 kHz in the 217.5-217.75 MHz portion of the spectrum
at the Rehoboth MCLM Site (including the associated Boston fill-in
site) and 100kHz in the 217.5-217.6 MHz portion of the spectrum at
the Hamden and Selden MCLM Sites ("Spectrum to be Cleared") would
be removed from the MCLM License, without MCLM having any residual
rights to the Spectrum to be Cleared, and PTC-220 is willing to
make payment specified in consideration of and upon the
effectiveness of the MCLM License Modification, as more fully
described on the Agreement.

MCLM has continued to operate its business interests since
execution of the Agreement, and will continue to operate its
business interests and carry out its obligations under the
Agreement.

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

    
http://bankrupt.com/misc/Maritime_Communications_1360_Sales.pdf

In MCLM's reasonable business judgment, consummation of the
Agreement and sale/lease of MCLM License as provided therein is in
the best interest of MCLM, the bankruptcy estate, all creditors,
all parties and the ownership interest.  In making this judgment,
MCLM has taken into consideration the consummation of the Contract
and disposition of the assets thereunder in light of MCLM's current
financial situation.  Accordingly, MCLM asks the Court to approve
the sale and lease of the License to PTC-220 pursuant to the
Agreement free and clear of any liens, claims or interests in the
License, subject to FCC approval.

Given the public interest considerations underlying PTC-220's
proposed acquisition from the Debtor, the amount of time that has
passed since the filing of the case and the need for subsequent FCC
approval, MCLM asks that the Court waive the stays provided by
Bankruptcy Rules 6004(h) and 6006(d) to the extent applicable.

The Purchaser can be reached at:

          Michael Lannan
          President
          PTC-220, LLC
          2400 Western Center Blvd.
          FortWortb, TX 76131
          Telephone: (817) 352-1335
          Facsimile: (817) 352-0718

                   About Maritime Communications

Maritime Communications/Land Mobile, LLC, owns and operates
numerous licenses for wireless and cellular services.  Its assets
primarily include Federal Communications licenses.  The Company
filed a Chapter 11 petition (Bankr. N.D. Miss. Case No. 11-13463)
on Aug. 1, 2011, in Aberdeeen, Mississippi.  The Debtor
disclosed $46,542,751 in assets, and $31,240,965 in liabilities as
of the petition date.

The Debtor hired Harris Jernigan & Geno PLLC serves as the counsel
to the Debtor.  The Debtor obtained approval from the Bankruptcy
Court to hire Robert W. Mauriello, Jr. as special counsel.

Burr & Forman LLP represents the Official Committee of Unsecured
Creditors.

The Court entered an order confirming the First Amended Plan of
Reorganization dated Sept. 25, 2012, which provides that, among
other things, after Choctaw Investors (Patrick Trammel and the
secured creditors), Southeastern Commercial Finance, LLC, and the
administrative expense claimants have received the full amounts of
their claims and the monthly accruals, and assuming there is
sufficient revenue from the sale of any FCC Spectrum Licenses,
Choctaw will pay to the liquidating agent the full amount of
general unsecured claims.  Choctaw will make the distribution to
the Liquidating Agent as the funds are available from time to time
from the sales of FCC Spectrum Licenses.


MELODY GOOD GIRL: Voluntary Chapter 11 Case Summary
---------------------------------------------------
Debtor: Melody, Good Girl Incorporated
          dba Servpro of Winter Haven
        6039 Cypress Gardens Blvd, #502
        Winter Haven, FL 33884

Case No.: 16-10587

Chapter 11 Petition Date: December 13, 2016

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

Debtor's Counsel: James W Elliott, Esq.
                  MCINTYRE THANASIDES BRINGGOLD, ELLIOTT, ET AL.
                  500 E. Kennedy Blvd., Suite 200
                  Tampa, FL 33602
                  Tel: 813-223-0000
                  Fax: 813-899-6069
                  E-mail: james@mcintyrefirm.com

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

Estimated Liabilities: $1 million to $10 million

The petition was signed by Christopher E. Brill, president.

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

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

          http://bankrupt.com/misc/flmb16-10587.pdf


MESOBLAST LIMITED: Welcomes Passage of 21st Century Cures Act
-------------------------------------------------------------
Mesoblast Limited said it welcomed the passage of a bill approving
the 21st Century Cures Act by the United States Congress which
provides an accelerated approval pathway for cell-based medicines
designated as regenerative advanced therapies.

Chief Executive Silviu Itescu said that Mesoblast believes a number
of its cell therapy product candidates meet the Act's criteria for
regenerative advanced therapies based on their intended use to
treat, modify, reverse, or cure a serious or life-threatening
disease or condition.

"We will work closely with the U.S. Food and Drug Administration on
the appropriate regulatory pathways for our product candidates that
could meet the Act's criteria for the new regenerative advanced
therapy designation.

"We believe our regenerative medicine technology platform may be
particularly effective in the most serious segments of major
diseases, including the life-threatening complications of chronic
advanced heart failure.  Over 300 patients have now been enrolled
in our Phase 3 trial of MPC-150-IM in chronic advanced heart
failure.  We look forward to the upcoming interim analysis of the
Phase 3 trial's primary endpoint," Dr Itescu added.

Designated regenerative advanced therapies will be eligible for
priority review and accelerated approval through, as appropriate,
surrogate or intermediate endpoints reasonably likely to predict
long term clinical benefit, or reliance upon data obtained from a
meaningful number of sites.

For regenerative advanced products receiving accelerated approval,
the post approval requirements may include the submission of
clinical evidence, clinical studies, patient registries, or other
sources of real world evidence, such as electronic health records,
or the collection of larger confirmatory data sets.

                   About Mesoblast Ltd.

Melbourne, Australia-based Mesoblast Limited (ASX:MSB; Nasdaq:MESO)
develops cell-based medicines.  The Company has leveraged its
proprietary technology platform, which is based on specialized
cells known as mesenchymal lineage adult stem cells, to establish a
broad portfolio of late-stage product candidates.  Mesoblast's
allogeneic, 'off-the-shelf' cell product candidates target advanced
stages of diseases with high, unmet medical needs including
cardiovascular diseases, immune-mediated and inflammatory
disorders, orthopedic disorders, and oncologic/hematologic
conditions.

Mesoblast reported a loss before income tax of $90.82 million for
the year ended June 30, 2016, compared to a loss before income
tax of $96.24 million for the year ended June 30, 2015.

As of Sept. 30, 2016, Mesoblast had $665.4 million in total
assets, $155.6 million in total liabilities and $509.9 million in
total equity.

PricewaterhouseCoopers, in Melbourne, Australia, issued a "going
concern" qualification on the consolidated financial statements
for the year ended June 30, 2016, citing that the Company has
suffered recurring losses from operations that raise substantial
doubt about its ability to continue as a going concern.


MYPLAY DIRECT: Court Extends Plan Filing Period to March 23
-----------------------------------------------------------
Judge Shelley C. Chapman of the U.S. Bankruptcy Court for the
Southern District of New York extended MyPlay Direct, Inc.'s
exclusive periods to file a chapter 11 plan and solicit acceptances
thereto to March 23, 2017 and May 22, 2017, respectively.

The Debtor previously sought the extension of its exclusivity
periods relating that since the Petition Sate, the Court has, among
other things, granted the Debtor's motions for approval of
debtor-in-possession secured financing, and for approval of the
assumption and assignment of the more expensive of the Debtor's two
real estate leases.  The Debtor further related that the assignment
of that lease, eliminated an expense of more than $100,000 per
month.

The Debtor contended that in the first months of the Chapter 11
case, it focused much of its attention on stabilizing its business
operations in Chapter 11 and meeting the conditions precedent to
assumption and assignment of the lease.  The Debtor further
contended that after having met those goals and with a deadline for
creditors to file pre-petition claims on December 8, the Debtor is
now poised to be able to negotiate with its secured lender and
other parties in interest, with the goal of formulating and ,
ultimately, proposing a plan of reorganization in the second phase
of the Debtor's case.

                About MyPlay Direct, Inc.

MyPlay Direct, Inc. filed a chapter 11 petition (Bankr. S.D.N.Y.
Case No. 16-12457) on August 25, 2016.  The petition was signed by
Jeremy Bernstein, interim chief financial officer.  The Debtor is
represented by Alan D. Halperin, Esq., at Halperin Battaglia
Benzija, LLP.  The Debtor disclosed total assets at $1.3 million
and total liabilities at $4.13 million as of August 25, 2016.

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.



NEOVASC INC: Closes $75 Million Agreement with Boston Scientific
----------------------------------------------------------------
Neovasc Inc. announced the close of its transaction with Boston
Scientific Corporation.

The two organizations disclosed a definitive agreement on Dec. 2,
2016, for Boston Scientific to acquire Neovasc's advanced biologic
tissue capabilities and certain manufacturing assets and make a 15%
equity investment in Neovasc, for a total of US$75 million in
cash.

Under the terms of the asset purchase agreement Neovasc has been
granted a license to the purchased assets and access to the sold
facilities to allow it to continue its tissue and valve assembly
activities for its remaining customers, and continue its own
tissue-related programs, including advancing its mitral
bioprosthesis valve Tiara through its clinical and regulatory
pathways.

Under the terms of the equity investment, Boston Scientific has
acquired 11,817,000 common shares in the capital of Neovasc (the
"Common Shares") at a price of US$0.60 per Common Share, for gross
proceeds of US$7,090,200.  Neovasc intends to use the proceeds of
these transactions to post a partial bond in connection with a stay
of judgement pending appeal in the ongoing litigation against
CardiAQ Valve Technologies, Inc. and for general corporate
purposes.  Neovasc currently has 78,683,345 shares outstanding.

On Dec. 12, 2016, the U.S. District Court for the District of
Massachusetts held a hearing in connection with the Company's
ongoing litigation against CardiAQ.  Ruling from the bench, the
Court denied CardiAQ's motion for a temporary restraining order to
prevent the transaction between Neovasc and Boston Scientific
Corporation from closing.  The Court also indicated a willingness
to stay enforcement of the judgment against Neovasc pending appeal
(the judgment is currently temporarily stayed), subject to Neovasc
posting a partial bond in the amount of US$70 million, as well as
other terms and conditions to be determined.  Those terms and
conditions generally relate to CardiAQ's ability to register its
U.S. judgment in Canada, and requirements for Neovasc to inform
CardiAQ and the Court about certain potential future transactions
outside the ordinary course of business.  The Court directed the
parties to work to agree to such terms and conditions, which would
then be subject to Court approval.

Boston Scientific, based in Marlborough, Massachusetts, transforms
lives through innovative medical solutions that improve the health
of patients around the world.  As a global medical technology
leader for more than 35 years, Boston Scientific provides a broad
range of high performance solutions that address unmet patient
needs.

                       About Neovasc Inc.

Neovasc Inc. (CVE:NVC) -- http://www.neovasc.com/-- is a Canadian
specialty medical device company that develops, manufactures and
markets products for the rapidly growing cardiovascular
marketplace.  Its products in development include the Tiara, for
the transcatheter treatment of mitral valve disease and the Neovasc
Reducer for the treatment of refractory angina.  The Company also
sells a line of advanced biological tissue products that are used
as key components in third-party medical products including
transcatheter heart valves.

Neovasc reported a net loss of US$26.73 million for the year ended
Dec. 31, 2015, compared to a net loss of US$17.17 million for the
year ended Dec. 31, 2014.

As of Sept. 30, 2016, Neovasc had US$33.83 million in total assets,
US$93.45 million in total liabilities and a total deficit of
US$59.61 million.


NFP CORP: S&P Raises Rating on 1st Lien Secured Debt to 'B+'
------------------------------------------------------------
S&P Global Ratings said that it has reviewed its recovery and
issue-level ratings on NFP Corp. that it had labeled as "under
criteria observation" (UCO) after publishing its revised recovery
ratings criteria on Dec. 7, 2016.  With S&P's criteria review
complete, it is removing the UCO designation from these ratings.

S&P is raising its first-lien secured issue-level debt rating to
'B+' from 'B' and revising S&P's recovery rating to '2', indicating
its expectation for a substantial recovery (70%-90%, in the lower
half of the range) from '3'.  S&P is affirming its 'CCC+'
issue-level rating on the unsecured notes; S&P's '6' recovery
rating, indicating its expectation for a negligible recovery
(0%-10%), remains unchanged.

This rating action stems solely from the application of S&P's
revised recovery criteria and do not reflect any change in S&P's
assessment of the corporate credit ratings for issuers of the
affected debt issues.

S&P's ratings and outlook on NFP Corp. and NFP Parent Co. LLC
(B/Stable/--) are unaffected following the upsizing of the
first-lien term loan credit facility by $35 million to $1.16
billion from $1.125 billion.

S&P expects the combined incremental issuance to be essentially
neutral to the company's ongoing interest expense.  S&P expects pro
forma and prospective leverage (debt to EBITDA including operating
leases) to be near 7.0x and remain at 7.0x-7.5x, which is
consistent with S&P's current expectations.

RATINGS LIST

NFP Corp.
NFP Parent Co LLC
Counterparty Credit Rating             B/Stable/--

Recovery Rating Unchanged

NFP Corp.
Senior Unsecured                       CCC+
  Recovery Rating                       6

Recovery Rating Revised
                                        To          From
NFP Corp.
Senior Secured                  
  US$1.125 bil term B bank ln due       B+          B
  2023                            
   Recovery Rating                      2L          3H
  US$150 mil revolving bank ln due      B+          B
  2021                            
   Recovery Rating                      2L          3H


NINETY FIFTH: Involuntary Chapter 11 Case Summary
-------------------------------------------------
Alleged Debtor: Ninety Fifth Street Square Inc.
                557 Grand Concourse, Suite 6005
                Bronx, NY 10451

Case Number: 16-13495

Involuntary Chapter 11 Petition Date: December 14, 2016

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

Judge: Hon. Shelley C. Chapman

Petitioner's Counsel: Pro Se

Petitioner: Nedel Lionel
            223 Bedford Avenue #1029
            Brooklyn, NY 11211

Nature of Claim: Contractual Deposit

Petitioner's Claim Amount: $20,000


NORTH CENTRAL FLORIDA YMCA: Case Summary & 20 Top Unsec. Creditors
------------------------------------------------------------------
Debtor: The North Central Florida YMCA, Inc.
        500 East University Avenue, Suite C
        Gainesville, FL 32601
        Tel: 352-316-6955

Case No.: 16-10293

Chapter 11 Petition Date: December 14, 2016

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

Judge: Hon. Karen K. Specie

Debtor's Counsel: Michele Martin, Esq.
                  PASTORE & DAILEY LLC
                  500 East University Ave., Suite C
                  Gainesville, FL 32601
                  Tel: 352-316-6955
                  E-mail: mmartin@psdlaw.net

Total Assets: $3.49 million

Total Liabilities: $4.30 million

The petition was signed by Michele F. Martin, vice-chair.

A copy of the Debtor's list of 20 largest unsecured creditors is
available for free at http://bankrupt.com/misc/flnb16-10293.pdf


NOVA DIRECTIONAL: Jan. 4 Plan Confirmation Hearing
--------------------------------------------------
The U.S. Bankruptcy Court for the Southern District of Texas will
consider approval of the Chapter 11 plan of reorganization of Nova
Directional, Inc. at a hearing on Jan. 4, at 9:30 a.m.

The hearing will be held at Courtroom 600, 515 Rusk, Houston,
Texas.

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

The Dec. 7 order gives creditors until Dec. 23 to cast their votes.
Objections to the plan are due by Dec. 28.

The Debtor's second amended disclosure statement to accompany its
first amended plan of reorganization, dated Dec. 6, 2016, provides
for a continuance of the Debtor as a going concern, a restructuring
of the Debtor's obligations, and a satisfaction of the claims of
the Debtor's creditors.

Under the plan, all Allowed Secured Tax Claims will receive the
following treatment: (i) interest will be paid from the Petition
Date through the Effective Date at the rate of 1% per month; (ii)
payments will be made in equal quarterly installments with post-
Effective Date interest of 12% per annum, with the last installment
to be paid no later than four years after the Petition Date.
Holders of Secured Tax Claims will retain their liens against their
Collateral until full payment is made on the entirety of their
obligations.

All Allowed General Unsecured Claims will either be paid, at the
General Unsecured Claimant's option: (i) 35% of the Allowed Amount
of their Claims within 10 days of the Effective Date; or (ii) in
full over five years in 20 equal quarterly installments.  The
Reorganized Debtor will have the option to immediately pay off
Allowed General Unsecured Claims at any time should sufficient
liquidity exist.  No interest will be paid on General Unsecured
Claims.

The Debtor anticipates that cash flow from ongoing operations will
adequately fund payments to all constituencies under the plan.

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

          http://bankrupt.com/misc/txsbe15-36563- 116.pdf

                   About Nova Directional, Inc.

Nova Directional, Inc., filed a Chapter 11 bankruptcy petition
(Bankr. S.D. Tex. Case No. 15-36563) on Dec. 16, 2015.Hon.
Letitia Z. Paul presides over the case. Kilmer Crosby & Walker
PLLC represents the Debtor as counsel. In its petition, the Debtor
estimated $1 million to $10 million in both assets and
liabilities.
The petition was signed by Edward Chiaramonte, president.


NUCLEA BIOTECHNOLOGIES: HGP to Auction Assets on Jan. 18
--------------------------------------------------------
Heritage Global Partners ("HGP"), a worldwide leader in asset
advisory and auction services and a subsidiary of Heritage Global
Inc., on Dec. 13, 2016, disclosed that it will manage a global
online auction of the complete Intellectual Property ("IP") and
related assets of Nuclea Biotechnologies Inc. ("Nuclea" or "the
Company").  Founded in 2005, Nuclea, was a leading innovator in
mass spectrometry testing, engaged in the development and
commercialization of clinical In Vitro Diagnostic (IVD) and
Research Use Only (RUO) assays used in the early detection and
monitoring of prostate and breast cancer, diabetes and other
metabolic syndromes within the oncology and endocrinology fields of
medicine.

The global online sale will begin on January 18, 2017 and will
feature the Nuclea's licensing, patents and materials for Human
Epidermal Growth Factor Receptor 2 (HER2) -- one of the only Food
and Drug Administration (FDA)-cleared tests for monitoring and
managing metastatic breast cancer -- Epidermal Growth Factor
Receptor (EGFr) and other valuable assays.  The sale will also
feature other finished goods, kits and controls used for the
diagnostic testing and research of prostate and breast cancer,
diabetes and other metabolic syndromes within the oncology and
endocrinology fields of medicine.  A data room with detailed lot
descriptions and patent information is available on HGP's website.

Nuclea Biotechnologies Global Online Asset Auction

(Subject to US Bankruptcy Court Approval, Case #16-11945 -CSS
Nuclea Biotechnologies, Inc.)

January 18, 2017 (07:00 am PST) – January 19, 2017 (12:00 pm
PST)

http://www.hgpauction.com/auctions/87300/nuclea-biotechnologies/

For questions and auction data room access contact Craig Thompson,
VP of Sales.

"Our upcoming global online auction sale features an unprecedented
offering of biotechnology assets including Nuclea's valuable
FDA-cleared patents, kits and materials currently utilized by
oncologists and endocrinologists to diagnose and research metabolic
syndromes.  This is a rare opportunity for biotechnology companies
to acquire exceptional assets from a former leader in mass
spectrometry.  We are already receiving strong interest from
worldwide buyers for the intellectual property and materials of
HER2, EGFR and other Nuclea assays and expect participation levels
will continue to grow as we approach the auction launch date,"
stated Craig Thompson.


OCWEN LOAN: Fitch Assigns 'CCC' Rating on New $350MM Sec. Notes
---------------------------------------------------------------
Fitch Ratings assigned expected ratings of 'B-(EXP)/RR4' to the
proposed $335 million four-year, senior secured first-lien term
loan due 2020 and 'CCC(EXP)/RR5' to the proposed $350 million
six-year, senior secured notes due 2022 issued by Ocwen Loan
Servicing, LLC (OLS). OLS is the primary operating company and
wholly-owned subsidiary of Ocwen Financial Corporation (OCN).

KEY RATING DRIVERS

IDRS AND SENIOR DEBT

The expected rating of 'B-(EXP)/RR4' assigned to the senior secured
first-lien term loan (senior secured term loan) reflects
equalization of the debt with the Long-Term Issuer Default Ratings
(IDRs) assigned to OLS and OCN, as well as the average recovery
prospects in a stressed scenario based upon available collateral
coverage for the term loan. The debtholders benefit from a
first-priority lien in selected unencumbered assets of OCN and a
pledge of capital stock of its guarantor subsidiaries.

The expected rating of 'CCC(EXP)/RR5' assigned to the senior
secured notes reflects a one-notch differential below the Long-Term
IDRs assigned to OLS and OCN, as well as the below average recovery
prospects in a stressed scenario based upon available collateral
coverage for the bond. The bondholders benefit from a
second-priority, junior interest in the same assets that secure the
first-lien senior secured term loan, pursuant to an intercreditor
agreement.

Fitch does not believe there will be a material impact to OCN's
overall leverage resulting from the issuance, as proceeds will be
used to repay existing outstanding debt and for general corporate
purposes. Therefore, the expected issuance has no impact to OCN or
OLS's Long-Term IDR or Stable Outlook, although Fitch acknowledges
that using the proceeds of the issuances to refinance near-term
maturities would improve OCN's debt maturity profile.

OCN's reported standalone leverage, defined as debt to tangible
equity, was 3.75x as of Sept. 30, 2016. However, Fitch assesses
leverage on a consolidated debt to tangible equity basis, which
amounted to 6.22x as of Sept. 30, 2016 and consistent with the
current rating category. Fitch calculates the consolidated leverage
metric including the debt and equity from Altisource Portfolio
Solutions S.A., which provides technology, servicing software, and
short sale real estate owned-management to OCN, and the servicing
advance facilities and value of the rights to mortgage servicing
rights (MSRs) held by New Residential Investment Corp. (NRZ) for
which OCN currently acts as servicer.

OCN's ratings are supported by its scale and market position within
the subprime mortgage servicing industry, sufficient liquidity and
cash flow generation capacity, and appropriate capitalization and
leverage for its current ratings. Rating constraints include
longer-term challenges regarding OCN's strategic direction and
financial performance under heightened operational and governance
frameworks resulting from elevated regulatory scrutiny and
compliance standards. In particular, OCN faces execution risk
associated with building a lending platform positioned for
sustainable growth, and earnings pressure associated with increased
compliance costs.

The Stable Rating Outlook reflects Fitch's expectation that OCN's
financial profile will remain fairly stable over the outlook
horizon, particularly concerning its operating cash flow
generation, leverage, and near-term funding obligations. In
addition, OCN's ratings are already at a highly speculative rating
level, which incorporates the potential business-, financial-, and
compliance-related challenges associated with the company's current
operations.

OLS's ratings reflect its status as an operating company and a
wholly-owned subsidiary of OCN. The IDR of OLS is aligned with
those of OCN because of the unconditional guarantee provided by OCN
and its guarantor subsidiaries.

RATING SENSITIVITIES

IDRS AND SENIOR DEBT

The expected ratings assigned to the senior secured term loan and
senior secured notes are primarily sensitive to changes in OLS and
OCN's Long-Term IDRs, as well as changes in collateral values and
advance rates under the secured borrowing facilities, which
ultimately impact the level of available asset coverage.

Fitch does not envision upward rating momentum for OCN at this time
given the on-going long-term strategic uncertainty and execution
risks noted above, combined with recent profitability challenges.
However, the Rating Outlook could be revised to Positive if OCN can
continue to demonstrate progress in complying with its consent
orders and independent monitors, further improve its overall
corporate governance framework, strengthen its financial position,
and establish a sustainable and competitive business model as a
mortgage lender without incurring outsized credit risk.

The ratings could be downgraded or the Outlook could be revised to
Negative as a result of:

   -- Material fines or penalties or further restrictions on
      business activities resulting from additional lawsuits or
      regulatory actions.

   -- Sustained strategic uncertainty, including inability to
      build a sustainable mortgage origination platform or
      material expansion into businesses outside of OCN's core
      business.

   -- Insufficient cash coverage of near-term debt maturities.

   -- A sustained increase in balance sheet leverage on a
      consolidated basis and/or a reduced commitment by management

      to reduce balance sheet leverage.

   -- Aggressive capital management.

   -- A material transfer of servicing duties due to the
      termination or maturity of the servicing contracts from NRZ.

The ratings of OLS are sensitive to the same factors that might
drive a change in OCN's IDR due to the unconditional guaranty
provided by OCN and its guarantor subsidiaries.

Established in 1988 and headquartered in West Palm Beach, FL, OCN a
financial services company engaged in loan origination and
servicing. The company has offices and operations throughout the
U.S., U.S. Virgin Islands, India and the Philippines. The company's
stock is listed on the NYSE under the ticker 'OCN'.

Fitch has assigned expected ratings as follows:

   Ocwen Loan Servicing, LLC

   -- Senior secured term loan 'B-(EXP)/RR4';

   -- Senior secured notes 'CCC(EXP)/RR5'.

Fitch currently rates the following:

   Ocwen Financial Corporation

   -- Long-Term IDR 'B-';

   -- Short-Term IDR 'B';

   -- Senior unsecured notes 'CC/RR6'.

   Ocwen Loan Servicing

   -- Long-Term IDR 'B-';

   -- Senior secured term loan 'B-/RR4'.

The Rating Outlooks are Stable.


OMINTO INC: Acquires 40% of Animation Firm, Lani Pixels A/S
-----------------------------------------------------------
Ominto, Inc., announced that it has acquired 40% of Lani Pixels A/S
for $0.5 million in cash and $8.5 million in common stock valued at
$3.50 per share.  In addition, the Company loaned Lani Pixels $0.5
million and purchased a $2 million debenture from Lani Pixels.

Lani Pixels was founded by Kim Pagel and his son, Thomas Pagel, in
2000.  Mr. Pagel has a long history in the creation and production
of animated film content, including many years with the LEGO Group.
Ominto plans to continue to develop Lani Pixels as a marketing
services company and will use Lani Pixels as a strategic content
partner towards this effort.  Lani Pixels will not only continue
its existing efforts in developing feature length, animated movies
but will also assist Ominto through the development of animated
marketing content.

"Kim's expertise offers an additional level of ingenuity to our
already sophisticated global marketing efforts," said Michael
Hansen, founder and chief executive officer of Ominto.  "Having a
world-class marketing services firm complementing and enhancing the
effectiveness of current marketing system for our global Cash Back
shopping website, is not only beneficial but, we believe, a
requirement.  The expertise we gain from Lani Pixels animation
content will advance our marketing acumen to a new level of
sophistication."

The Company also announced that the strategic transaction with
Quant Systems has closed under modified terms.

Additional information is available for free at:

                    https://is.gd/RXQIlT

                        About Ominto

Ominto, Inc., was incorporated under the laws of the State of
Nevada on June 4, 1999, as Clamshell Enterprises, Inc., which name
was changed to MediaNet Group Technologies, Inc. in May 2003, then
to DubLi, Inc. on Sept. 25, 2012, and finally to Ominto, Inc. as of
July 1, 2015.  The DubLi Network was merged into the Company, as
its primary business in October 2009.

Ominto reported a net loss of $11.7 million for the year ended
Sept. 30, 2015, compared to a net loss of $1.34 million for the
year ended Sept. 30, 2014.

As of June 30, 2016, Ominto had $9.62 million in total assets,
$17.76 million in total liabilities and a total stockholders'
deficit of $8.14 million.

Mayer Hoffman McCann P.C., in Boca Raton, Florida, issued a "going
concern" qualification on the consolidated financial statements for
the year ended Sept. 30, 2015, noting that the Company has suffered
recurring losses from operations and has a net capital deficiency
that raise substantial doubt about its ability to continue as a
going concern.


ONTARIO CENTURY: Jan 26 Auction of Chicago Commercial Unit Approved
-------------------------------------------------------------------
Judge Timothy A. Barnes of the U.S. Bankruptcy Court for the
Northern District of Illinois authorized Ontario Century Property,
LLC, to conduct an auction sale, through Daniel J. Hyman and
Millenium Properties R/E of the real estate commonly known as 182
West Lake Street, Unit 200, Chicago, Illinois, to be conducted on
Jan. 26, 2017.

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

A reserve price will be set so as to accomplish payment of all
usual and customary closing costs, costs of administration and a
dividend in the amount of 100% of allowed claims.  The reserve
price will be $815,000.

Once a successful bidder is identified, closing will take place
through a customary form of deed and money escrow at Chicago Title
and Trust Co.

The Debtor, via deed and money escrow, is authorized to pay from
the sales proceeds all usual and customary closing costs incurred
in connection with the sale including title charges, escrow fees,
recording fees, real estate tax payments and pro-rations,
advertising expenses of Daniel J. Hyman and Millennium Properties
up to $5,000 and attorney's fees to special counsel, William
Woloshin and Howard L. Teplinsky.

All liens, claims and encumbrances will attach to the net proceeds
of sale and the net sales proceeds will be held in the joint order
escrow established with Chicago Title and Trust until further order
of the Court.

Since a reserve price will be set in an amount to pay all costs of
administration and a 100% dividend to allowed claims, notice of the
motion to all creditors pursuant to Bankruptcy Rule 2002 is
waived.

              About Ontario Century Property

Ontario Century Property, LLC, sought Chapter 11 protection
(Bankr. N.D. Ill. Case No. 15-34713) on Oct. 13, 2015.  At the date
of
filing, the Debtor was the recorded title owner of one commercial
condominium unit and three residential condominium units.  

The Debtor estimated assets of $0 to $50,000 and $500,001 to $1
million in liabilities.

Joel A. Schechter, Esq., at Law Offices of Joel Schechterm, serves
as the Debtor's counsel.


OPEN TEXT: Moody's Confirms Ba1 Corporate Family Rating
-------------------------------------------------------
Moody's Investors Service confirmed Open Text Corp.'s existing
ratings including its Ba1 Corporate Family Rating after completing
its recent $564 million stock issuance. Moody's also confirmed its
Baa2 senior secured rating and the Ba2 rating on its upsized senior
unsecured notes. This concludes the review for downgrade initiated
September 12, 2016 when Open Text announced that it entered into an
agreement to acquire certain software assets from EMC Corporation
(a subsidiary of Dell, Inc., Ba1, stable) for $1.62 billion of cash
consideration. The acquisition is expected to be funded with a
combination of proceeds from the recent stock issuance, cash on
hand, the upsized unsecured notes and revolver borrowings. The
ratings outlook is stable.

Ratings Rationale

The EMC transaction will not materially change the leverage profile
of the company (debt to EBITDA of approximately 3.1x pro forma for
the acquisition and full year impact of other acquisition made over
the past year). The acquisition of the EMC software assets further
bolsters Open Text's position in the Enterprise Content Management
and Life Cycle Management software markets. The assets, which
includes the well regarded Documentum product lines, brings
particular strength in certain vertical markets including
healthcare, banking, insurance, oil & gas and utilities. Moody's
Senior Analyst Matthew Jones noted, "though the company has an
aggressive acquisition agenda, they have also demonstrated a
commitment to maintaining moderate leverage levels to achieve their
plans."

The Ba1 corporate family rating reflects Open Text's leading
position within the enterprise content management (ECM) and B2B
information exchange (IX) market, as well as its expanding role in
the complementary business process management (BPM), customer
experience management (CEM) and business analytics markets. As a
result, the company has one of the broadest suites of products in
the overall enterprise information management (EIM) industry (which
includes ECM, BPM, CEM, analytics and IX). The ratings also reflect
the stability of Open Text's enterprise software model with its
large recurring revenue base. The company is expected to maintain
relatively conservative financial policies and long term Debt to
EBITDA is expected to trend around or below 3x and free cash flow
to debt to trend above 17.5%. The company is acquisitive however
which could result in Debt to EBITDA temporarily exceeding this
level. We expect limited organic growth in the near term and any
growth will be driven by acquisitions.

Liquidity is very good based on an expected over $200 million of
cash at closing of the acquisition, a $300 million revolver and
strong levels of free cash flow (over $400 million of free cash
flow expected over the next year). The company is expected to use
existing cash and generated cash to fund acquisitions and
occasional share repurchases.

Confirmations:

   Issuer: Open Text Corp.

   -- Probability of Default Rating, Confirmed at Ba1-PD

   -- Corporate Family Rating, Confirmed at Ba1

   -- Senior Secured Bank Credit Facility, Confirmed at Baa2
      (LGD2)

   -- Upsized Senior Unsecured Regular Bond/Debenture, Confirmed
      at Ba2 (LGD5)

Affirmations:

   Issuer: Open Text Corp.

   -- Speculative Grade Liquidity Rating, Affirmed SGL-1

Outlook Actions:

   Issuer: Open Text Corp.

   -- Outlook, Changed To Stable From Rating Under Review

The principal methodology used in these ratings was "Software
Industry" published in December 2015.

Open Text Corp., headquartered in Waterloo, Ontario, Canada, is one
of the largest providers of enterprise content management and
business process management software. For the twelve months ended
September 30, 2016, revenues were approximately $1.9 billion.


OPTIMA SPECIALTY: Moody's Withdraws Caa1 Corporate Family Rating
----------------------------------------------------------------
Moody's Investors Service withdrew the ratings for Optima Specialty
Steel, Inc. (Optima) including its Caa1 corporate family rating and
Caa1-PD probability of default rating as the company has filed a
petition for Chapter 11 protection with the US Bankruptcy Court in
the District of Delaware. The Caa1 rating on the company's senior
secured notes was previously withdrawn.

Issuer: Optima Specialty Steel, Inc.

Withdrawals:

   -- Probability of Default Rating, Withdrawn , previously rated
      Caa1-PD

   -- Corporate Family Rating, Withdrawn , previously rated Caa1

Outlook Actions:

   -- Outlook, Changed To Rating Withdrawn From Stable

RATINGS RATIONALE

Optima Specialty Steel, Inc., headquartered in Miami, FL, is a
domestic value-added manufacturer of Special Bar Quality (SBQ) and
Merchant Bar Quality (MBQ) steel products and a processor of
seamless tubing and specialty Cold Finished Steel Bars (CSFB)
through three distinct business segments. Michigan Seamless Tube
(MST) produces carbon and alloy seamless pressure and mechanical
tubing primarily used in the oil & gas, power generation and
industrial sectors. Niagara LaSalle and Corey Steel produce
specialty Cold Finished Steel Bars (CFSB) used in the automotive,
construction and agricultural equipment and oil & gas sectors.
Kentucky Electric Steel (KES) is a value-added manufacturer of
Special Bar Quality (SBQ) and Merchant Bar Quality (MBQ) steel
products for a variety of niche markets. Optima generated revenues
of $400 million for the trailing twelve month period ended
September 30, 2016. Optima Specialty Steel is owned by Optima
Acquisitions, LLC.


OVERTON & OGBURN: Plan Filing Period Extended to March 27
---------------------------------------------------------
Judge David E. Rice of the U.S. Bankruptcy Court for the District
of Maryland extended Overton & Ogburn Associates, Inc.'s exclusive
periods for filing a plan of reorganization and soliciting
acceptances to the plan, to March 27, 2017 and May 24, 2017,
respectively.

The Debtor owns commercial property, which consists of 45,000
square feet of rentable space, and located at 909 Baltimore
Boulevard, Westminster, Carroll County, Maryland 21157.  

The Debtor previously sought the extension of its exclusive
periods, contending that it had changed its marketing plan.  The
Debtor determined that the best method to realize value from the
Commercial Property is to sell Commercial Property as one building,
instead of creating three separate condominium units.  

The Debtor contended that this method will save a significant
amount of money in improvements needed to subdivide the Commercial
Property, and attract a diverse group of potential purchasers, and
thereby generate sufficient funds to repay its obligations in full
to all creditors.  The Debtor further contended that the change in
marketing tactics had added a level of complexity to the case that
warrants an extension of the exclusive periods.

               About Overton & Ogburn Associates

Overton & Ogburn Associates, Inc., is a Maryland Corporation formed
in 1976 with its principal office at 4626 Annapolis Road,
Bladensburg, Maryland 20781.  The firm is owned by John A. Overton.
It is licensed to handle construction projects in the Commonwealth
of Virginia and also owns a parcel of real property, commonly known
as 909 Baltimore Boulevard, Westminster, Carroll County, Maryland
21157, improved by an office building.

Overton & Ogburn Associates filed a Chapter 11 petition (Bankr. D.
Md. Case No. 16-14029) on March 29, 2016.  The petition was signed
by John Overton Jr., president.  The case is assigned to Judge
David E. Rice.  At the time of filing, the Debtor estimated both
assets and liabilities at $1 million to $10 million.

The Debtor tapped Alan M. Grochal, Esq. at Tydings & Rosenberg,
LLP, as counsel; and Lee & Associates Chesapeake Region, LLC, as
sales and leasing agent.


PETERSBURG, VA: S&P Removes 'BB' Rating on GO Debt from Watch Neg.
------------------------------------------------------------------
S&P Global Ratings has removed its 'BB' rating on Petersburg, Va.'s
existing general obligation (GO) debt from CreditWatch, where it
had been placed with negative implications on Aug. 26, 2016.  S&P
affirmed the rating.  The outlook is negative.

At the same time, due to the city's participation in governmental
agreements to provide for debt service payments, S&P affirmed its
'BB' underlying rating on the Stafford County & Staunton Industrial
Development Authority's Municipal League-Virginia Association of
Counties Finance Recovery Act Bond Pool II (of which Petersburg is
a participant).  The outlook is negative.

"We removed the rating from CreditWatch due to the city securing
$6.5 million in cash-flow notes," said S&P Global Ratings credit
analyst Timothy Little.  Petersburg annually issues cash-flow
notes, but was unable to do so earlier this year and faced a
substantial liquidity shortfall.  By placing the notes, it will be
able to meet debt service and primary operating expenses as it
works to address its structural imbalance.  The notes issued
December 2016 mature in 10 months.

The city's full faith and credit pledge secures its GO bonds to
levy, without limitation as to rate or an amount, an ad valorem tax
on all taxable property within its jurisdiction to pay principal
and interest on its GO bonds.

Petersburg, with an estimated population of 32,899, is in the
Petersburg City/Dinwiddie County/Colonial Heights combined area.

"The negative outlook reflects the extreme uncertainty regarding
the city's ability to return to structural balance and what will
likely be persistently very weak liquidity in a difficult budgetary
environment," added Mr. Little.  If Petersburg cannot continue
implementing and sustaining structural reforms following the
departure of interim management in March 2017, resulting in further
fiscal deterioration or potential inability to make timely payments
on its obligations, S&P could lower the rating further. Over the
next year, if the city can produce a credible plan to restore
solvency, meet its fiscal targets, and improve liquidity, S&P may
revise the outlook to stable.



PRATT WELL: Has Until Jan. 27 to File Reorganization Plan
---------------------------------------------------------
Judge Robert E. Nugent of the U.S. Bankruptcy Court for the
District of Kansas extended Pratt Well Service, Inc.'s exclusive
periods to file a Plan and Disclosure Statement and solicit
acceptances for the confirmation of the Plan, to January 27, 2017
and March 28, 2017, respectively.

Without the extension, the Debtor's Exclusive Plan Filing Period
would have expired on October 28, 2016.  The Debtor's Exclusive
Solicitation Period is currently set to expire on December 27,
2016.

The Debtor previously sought the extension of its exclusive
periods, citing the following factors as sufficient cause for the
extension:

     (a) The Debtor's case is complex. The Debtor operated an oil
well servicing business, and also had its own oil and gas
production.  The Debtor has terminated its servicing business, laid
off most of its employees, and sold most of its equipment. The
Debtor is now concentrating on its production business.

     (b) In light of the complexity of the case, the Debtor
requires additional time to prepare and evaluate adequate
information about its financial affairs as a downsized company, in
order to negotiate and propose a plan of reorganization that
maximizes value to the bankruptcy estate and allows the Debtor to
successfully reorganize.

     (c) The Debtor is making good faith progress towards
reorganization.  The Debtor has reached agreements related to cash
collateral with Intrust Bank and First National Bank in Pratt
allowing for payment of debts as they come due.  The Debtor
continues to work with such banks as to further liquidation of real
estate, and the terms of reorganization.

     (d) The Debtor has also employed accountants who are
completing required tax returns.

     (e) The Debtor is not requesting the extension to pressure
creditors, and this is the first extension of the exclusive periods
which the Debtor has sought.

             About Pratt Well Service, Inc.

Pratt Well Service, LLC filed a Chapter 11 bankruptcy petition
(Bankr. D. Kan. Case No. 16-11224) on June 30, 2016. The petition
was signed by Kenneth C. Gates, president.  The case is assigned to
Judge Robert E. Nugent.  The Debtor is represented by J. Michael
Morris, Esq., at Klenda Austerman LLC.  The Debtor disclosed $7.47
million in assets and $4.94 million in liabilities.


PRE-PAID LEGAL: Moody's Affirms B1 Corporate Family Rating
----------------------------------------------------------
Moody's Investors Service affirmed Pre-Paid Legal Services, Inc.'s
B1 Corporate Family Rating (CFR) and B1-PD Probability of Default
Rating (PDR). At the same time, Moody's affirmed the Ba2 rating for
the company's first lien senior secured credit facilities,
consisting of a $30 million revolver due 2018 and proposed upsized
$310 million term loan due 2019, and the B3 rating for the
company's proposed upsized $185 million second lien term loan due
2020. The ratings outlook is stable.

LegalShield is planning to amend and upsize its first lien term
loan due 2019 by $40 million to $310 million (from $270 million
outstanding at 9/30/2016) and to amend and upsize its second lien
term loan due 2020 by $10 million to $185 million. The $50 million
of aggregate proceeds from the transaction, in combination with $20
million of cash on hand, will be used to fund the purchase of
warrants and payment of dividends to the company's shareholders.
Major terms and conditions in first lien and second lien credit
agreements, including pricing, maturities, financial covenants and
excess cash flow provision, are expected to remain the same.

The transaction reflects the company's aggressive financial
policies in its willingness to increase debt to fund a shareholder
distribution that increases pro forma Moody's-adjusted debt to
EBITDA leverage to approximately 5.1x from 4.6x at September 30,
2016 and reduces EBITA to interest coverage to 1.9x from 2.1x.
According to Moody's Analyst Natalia Gluschuk, "Pro forma credit
metrics are weak for the rating category given the company's modest
size and operating scope, but we affirmed LegalShield's ratings
because we expect that over the next 12 to 18 months the company
will continue to demonstrate positive operating trends, including
growth in the membership base and revenue as well as earnings
improvement. Management has implemented marketing, associate
recruitment and customer retention strategies that are beginning to
gain traction."

Moody's expects LegalShield to generate approximately $35 to $40
million of annual free cash flow per year going forward, which
would be applied to reduce debt in excess of mandatory
amortization. Debt repayment in combination with earnings growth
(with projected EBITDA in the $100 to $105 million range) will
result in de-leveraging towards mid 4.0x and EBITA to interest
improving towards mid 2.0x over the next 12 to 18 months under
Moody's forecast. Any operational issues causing a delay in
achievement of the expected operating metrics could cause negative
rating pressure.

The following rating actions were taken:

   Issuer: Pre-Paid Legal Services, Inc.:

   -- Corporate Family Rating, affirmed at B1;

   -- Probability of Default Rating, affirmed at B1-PD;

   -- $30 million first lien senior secured revolving credit
      facility due 2018, affirmed at Ba2 (LGD2);

   -- Proposed upsized $310 million first lien senior secured term

      loan due 2019, affirmed at Ba2 (LGD2);

   -- Proposed upsized $185 million second lien senior secured
      term loan due 2020, affirmed at B3 (LGD5);

Stable rating outlook.

All ratings are subject to the execution of the transaction as
currently proposed and Moody's review of final documentation. The
instrument ratings are subject to change should the proposed
capital structure get modified.

RATINGS RATIONALE

The B1 CFR reflects Moody's expectations for continued modest
growth in memberships and revenues stemming from the company's
efforts on marketing and retention strategies. LegalShield's
ratings are constrained by its aggressive financial policies, as
demonstrated by the debt-financed dividend transactions undertaken
by the company in May 2015 and December 2016, which raised its
leverage to levels that are high for the rating category. However,
the ratings derive support from the company's track record of free
cash flow generation and its willingness to prepay debt in excess
of required amortization. The ratings also consider expected
improvements in the company's earnings profile through management's
focus on membership retention and cost cutting initiatives, which
combined with debt reduction, will contribute to improvement in
credit metrics over the next 12 to 18 months. The ratings also
benefit from a predictable revenue stream from a large member base
and stable financial performance during the last economic downturn.
At the same time, the ratings incorporate potential legal and
regulatory risks associated with the company's multi-level
marketing business model, a relatively modest revenue base of
approximately $430 million, and continued associate attrition.

The company has a good liquidity profile, supported by its solid
free cash flow generative capabilities, full availability under its
$30 million revolving credit facility expiring in 2018, and Moody's
expectation of sufficient cushion under its total secured leverage
financial covenant.

The stable outlook reflects Moody's expectation that over the next
12 to 18 months the company will demonstrate modest membership and
revenue growth and continue to improve its earnings profile, which
together with debt repayment through free cash flow, will result in
de-leveraging towards mid 4.0x and improvement in other credit
metrics.

The ratings could be upgraded if revenue and memberships grow
solidly over a period of two to three years; financial strength
metrics materially improve; and legal and regulatory risks remain
manageable in Moody's assessment. Specifically, if adjusted debt to
EBITDA and free cash flow to debt improve and are sustained below
3.0x and above 12%, respectively, upward ratings pressure may
occur.

The ratings could be downgraded if memberships and revenues
decline, resulting in deteriorating operating performance and
stress on key financial strength metrics, including debt to EBITDA,
free cash flow to debt, or EBITA to interest coverage.
Specifically, debt to EBITDA sustained above 5.0x beyond the next
12-18 months, EBITA to interest sustained below 2.0x, or a material
deterioration in free cash flow would cause negative rating
pressure. An acceleration of aggressive financial policies,
including increases in debt to fund dividend payments, which would
slow the pace of deleveraging, or legal or regulatory developments
that have a material adverse effect on the company's business model
or financial position, could also pressure the ratings.

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

Pre-Paid Legal Services, Inc. (d/b/a LegalShield), headquartered in
Ada, Oklahoma, designs, underwrites and markets legal expense plans
to families and small businesses in the United States and Canada.
The company sells the majority of its membership plans through a
multi-level marketing program. As of September 30, 2016,
LegalShield had a base of nearly 286,000 sales associates, and
served about 1.6 million members. The company also markets identity
theft protection and restoration services through its exclusive
provider Kroll Advisory Solutions. LegalShield is privately owned
by affiliates of MidOcean Partners ("MidOcean"), a private equity
firm. In the last twelve months ending September 30, 2016, the
company generated approximately $430 million in revenues.


RANCHO REAL: Hires Juan Bigas as Bankruptcy Counsel
---------------------------------------------------
Rancho Real Grill & Cantina Corporation seeks authorization from
the U.S. Bankruptcy Court for the District of Puerto Rico to employ
Juan C. Bigas Law Office as counsel in the bankruptcy proceedings.

The law firm will be paid at these hourly rates:

       Juan C. Bigas Valedon      $250

The law firm will also be reimbursed for reasonable out-of-pocket
expenses incurred.

A $5,000 retainer was paid by the Debtor.

Juan C. Bigas Valedon 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 firm can be reached at:

       Juan C. Bigas Valedon, Esq.
       JUAN C. BIGAS LAW OFFICE
       P.O. Box 7011
       Ponce, PR 00732-7011
       Tel: (787) 259-1000
       Fax: (787) 842-4090
       E-mail: jcbigas@yahoo.com

Rancho Real Grill & Cantina Corporation, filed a Chapter 11
bankruptcy petition (Bankr. D.P.R. Case No. 16-08582) on October
28, 2016, disclosing under $1 million in both assets and
liabilities.

The Debtor is represented by Juan Carlos Bigas Valedon, Esq.



REALTY & SERVICES: Case Summary & 5 Unsecured Creditors
-------------------------------------------------------
Debtor: Realty & Services Group Inc.
        5308 13th Ave, Ste 248
        Brooklyn, NY 11219

Case No.: 16-45643

Chapter 11 Petition Date: December 15, 2016

Court: United States Bankruptcy Court
       Eastern District of New York (Brooklyn)

Judge: Hon. Carla E. Craig

Debtor's Counsel: Eric H Horn, Esq.
                  VOGEL BACH & HORN, LLP
                  1441 Broadway, 5th Floor
                  New York, NY 10018
                  Tel: 212-242-8350
                  Fax: 646-607-2075
                  E-mail: ehorn@vogelbachpc.com

Total Assets: $1.50 million

Total Liabilities: $1.22 million

The petition was signed by Sanford Solny, officer.

A copy of the Debtor's list of five unsecured creditors is
available for free at http://bankrupt.com/misc/nyeb16-45643.pdf


REGIONS FINANCIAL: DBRS Hikes Preferred Stock Rating to BB
----------------------------------------------------------
DBRS, Inc. upgraded the ratings for Regions Financial Corporation,
including its Issuer & Senior Debt rating to BBB (high) from BBB.
The trend for all ratings is Stable. The rating action follows a
detailed review of the Company's operating results, financial
fundamentals and future prospects.

The upgrade reflects the progress the Company has made improving
its asset quality and reducing its risk profile, while improving
core profitability. Specifically, since the financial crisis,
Regions has de-risked its loan portfolio, strengthened its risk
management process and reduced its concentration in commercial real
estate and construction loans. Indeed, investor real estate has
declined from 24% of the loan portfolio at YE09 to 8% at the end of
3Q16. Additionally, initiatives implemented by Regions to grow and
diversify revenue, while controlling expenses, have begun to, and
will continue to, in DBRS's opinion, drive continued improvements
in operating results.

Regions' ratings reflect its geographically diverse, super-regional
banking franchise, along with its ample funding profile and strong
capital position. Focused on the Southeast, Regions' franchise
stretches across 15 states from Texas to the Midwest. The Company
maintains solid deposit market shares in a number of states and
MSAs, including the number one ranking in its home state of Alabama
and neighboring Mississippi, number two ranking in Tennessee and a
number six ranking in Florida. Additionally, the Company's earnings
are diversified with a solid level of non-interest income garnered
from a variety of sources.

While Regions' profitability and efficiency ratios have improved,
the ratings also consider the need for Regions to continue to focus
on becoming a more efficient bank. With this in mind, the Company
has balanced making investments to generate future growth with the
need to reduce expenses. To improve its bottom line, the Company
continues to strengthen its wealth and insurance businesses while
building back its capital markets business, and remains focused on
rationalizing its branch distribution network and overall expense
base. DBRS anticipates that these strategies will take time to be
fully executed, although it appears based on recent results that
the investments are paying off.

Since the financial crisis, Regions has revamped its risk
management practices. While asset quality ratios are still modestly
lagging similarly-sized regional banks, Regions' asset quality
remains sound, although it has been modestly impacted by the
downturn in the energy sector. Specifically, non-performing assets
as a percent of loans plus OREO (excluding performing restructured
loans) represented a manageable 1.47% at September 30, 2016, as
compared to 1.13% at YE15. Meanwhile, 9M16 net charge-offs were
low, representing 0.32% of average loans, up just two basis points
from full year 2015. DBRS notes that the Company also has indirect
exposure to the energy industry, specifically to geographies likely
to be affected by a slowdown in this sector. Nonetheless, DBRS
anticipates that these exposures will remain manageable.

Overall, Regions' funding and capital profiles remain ample.
Funding is underpinned by a solid loan to deposit ratio of 81%, at
September 30, 2016, providing additional support for loan growth,
as well as Basel III liquidity requirements. Additionally,
liquidity is solid and the Company expects to be compliant with the
fully phased-in modified LCR requirement of 100%, by the January 1,
2017 deadline, without material changes to the balance sheet.
Meanwhile, DBRS views the Company's capital position as solid.
Indeed, at September 30, 2016, Regions' Basel III Tier 1 Common
Capital Ratio (CET1) was 11.16%, amply above the regulatory
requirement. DBRS expects that Regions will deploy capital over
time to levels more in line with peer averages.

Regions Financial Corporation, a financial holding company
headquartered in Birmingham, Alabama, reported $125.2 billion in
assets as of September 30, 2016.

RATING DRIVERS

A further strengthening of financial performance, including the
sustained generation of positive operating leverage, while
maintaining sound asset quality and balance sheet fundamentals
could lead to further positive rating action. Conversely, a
reversion to weaker profitability metrics, or an increase in credit
losses that exceed normalized levels; especially should they result
from an increase in Regions' risk appetite, could have negative
rating implications.

                               Rating Action       Rating
Regions Financial Corporation

Issuer & Senior Debt        Upgraded            BBB (high)
Subordinated Debt             Upgraded            BBB
Short-Term Instruments        Upgraded            R-2 (high)
Preferred Stock        Upgraded            BB (high)

Regions Bank

Senior Debt & Deposits        Upgraded            A (low)
Subordinated Debt             Upgraded            BBB (high)
Short-Term Instruments        Confirmed           R-1 (low)


RIDGE MANOR: U.S. Trustee Unable to Appoint Committee
-----------------------------------------------------
The Office of the U.S. Trustee on Dec. 15 disclosed in a court
filing that no official committee of unsecured creditors has been
appointed in the Chapter 11 case of Ridge Manor Oaks, LLC.

                     About Ridge Manor Oaks

Ridge Manor Oaks, LLC, sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. M.D. Fla. Case No. 16-09612) on Nov. 8,
2016.  The petition was signed by Robert L. Carson, manager.  

At the time of the filing, the Debtor disclosed $1.8 million in
assets and $2.47 million in liabilities.

David W. Steen, Esq., at David W. Steen P.A. serves as the Debtor's
legal counsel.


RITA RESTAURANT: Court Allows Cash Use on Interim Basis
-------------------------------------------------------
Judge Ronald B. King of the U.S. Bankruptcy Court for the Western
District of Texas authorized Rita Restaurant Corp. and its
affiliated Debtors to use cash collateral on an interim basis.

The approved Budget covers a period of five weeks, beginning with
week ending December 14, 2016 through January 11, 2017.  The Budget
reflects total disbursements in the amount of $2,533,425.

The Prepetition Lender was granted replacement liens on all of the
Debtors' assets that constituted collateral of the Prepetition
Lender as of the Petition Date, in the order and priority as the
Prepetition Lender's liens existed on the Petition Date, only to
the extent of any diminution of the value of its collateral
interests existing as of the Petition Date.

A final hearing on the Debtor's use of cash collateral is scheduled
on January 4, 2017 at 2:00 p.m.  The deadline for the filing of
objections to the Debtor's use of cash collateral is set on January
2, 2017.

A full-text copy of the Sixth Interim Order, dated December 13,
2016, is available at https://is.gd/wbxlXG

                     About Rita Restaurant Corp.

Rita Restaurant Corp. and its affiliates operate full service,
casual dining restaurants, consisting of 16 Don Pablo's Mexican
Kitchen restaurants ("Don Pablo's") and 1 Hops Grill and Brewery
restaurant, located in 10 states in the United States.

Don Pablo's is a chain of Tex-Mex restaurants founded in Lubbock,
Texas in 1985.  The menu features Tex-Mex items, salsa, tortillas
and sauces and a range of other Mexican specialties.  At one time,
the chain had as many as 120 location throughout the United States
making it the second largest full service Mexican restaurant chain
in the United States during the late 1990s.

Hops is a casual dining restaurant that offers fresh, made from
scratch menu items in a relaxed atmosphere featuring signature
dishes that are created from high-quality, fresh ingredients,
prepared in a display style kitchen that allows the customer to
view the cooking process.

Rita Restaurant Corp., Don Pablo's Operating, LLC, and Hops
Operating, LLC, sought Chapter 11 protection (Bankr. W.D. Tex. Case
Nos. 16-52272, 16-52274, and 16-52275, respectively) on Oct. 4,
2016.  The petitions were signed by Peter Donbavand, vice
president.  The cases are assigned to Judge Ronald B. King.

The Debtors are represented by John E. Mitchell, Esq. and David W.
Parham, Esq.

At the time of the filing, Rita Restaurant and Don Pablo's
estimated assets and liabilities at $1 million to $10 million,
while Hops Operating estimated assets at $500,000 to $1 million and
liabilities at $1 million to $10 million.


RMPC HABILITATIVE: Disclosures Okayed, Plan Hearing on Jan. 18
--------------------------------------------------------------
RMPC Habilitative Services, LLC is now a step closer to emerging
from Chapter 11 protection after a bankruptcy judge approved the
outline of its plan of reorganization.

Judge Carlota Bohm of the U.S. Bankruptcy Court for the Western
District of Pennsylvania on Dec. 7 gave the thumbs-up to the
disclosure statement after finding that it contains "adequate
information."

The order set a Jan. 11 deadline for creditors to cast their votes
and file their objections.

A court hearing to consider confirmation of the plan is scheduled
for Jan. 18, at 1:30 p.m.  The hearing will take place at Courtroom
B, 54th Floor, U.S. Steel Tower, 600 Grant Street, Pittsburgh,
Pennsylvania.

Objections to the confirmation of the Plan, claims not already
barred by operation of law, rule, or court order, and written
ballots either accepting or rejecting the Plan must be filed by
Jan. 11, 2017.

The plan proponent will filed a summary of the balloting on Jan.
16, 2017.

Under the plan, general unsecured creditors will be paid 50% of
their unsecured claims unless they select the option on the ballot
form to receive 100% of their filed claims over a period of 84
months upon confirmation of the plan.

Funds for plan payments will come from the business each month.

                     About RMPC Habilitative

RMPC Habilitative Services, LLC, filed for bankruptcy protection
(Bankr. W.D. Penn. Case No. 15-23409) on Sept. 16, 2015, estimating
its assets at between $50,001 and $100,000 and liabilities at
between $500,001 and $1 million.  Franklin L. Robinson, Jr., Esq.,
serves as the Debtor's bankruptcy counsel.


ROBERT GAUG: Unsecureds To Recoup 36% Under Amended Plan
--------------------------------------------------------
Robert Anton Gaug and Joan Carol Gaug filed with the U.S.
Bankruptcy Court for the District of Delaware an amended disclosure
statement describing their chapter 11 plan of reorganization, dated
Oct. 22, 2016, which will give general unsecured creditors a
distribution of approximately 36% of their allowed claims to be
distributed within 30 days of the effective date of the plan.

Class 3 general unsecured claims are not secured by property of the
estate and are not entitled to priority under section 507(a) of the
Code.

The Debtor has the following general unsecured claims:

    American Express Bank - $529.26
    State of Maryland DLLR - $442,520.57
    Bank of America - $355.79
    Carol Ann Gaug Bouchal - $95,008.12

All general unsecured claims will be paid pro rata from the
remaining proceeds of the sale of the Davidsonville property, as
well as from the remaining proceeds from the sale of the Ocean City
property.  The Debtor estimates that after the payment of the
administrative claims of approximately $25,000, and the priority
tax claim to the Internal Revenue Service of $464,586, that the
balance to be distributed will be approximately $195,000.  Each
creditor will receive approximately 36% of their claimed amount.
This class is impaired.

Payments and distributions under the Plan will be funded by the
following:

   a. The monthly payments to the Class Two Creditor will funded
from the Debtors monthly income.

   b. All funds for the payments and distributions to the Class
Three Creditors will be funded through the proceeds from the sale
of the Davidsonville property.

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

        http://bankrupt.com/misc/mdb15-18936-92.pdf

Headquartered in Crownsville, Maryland, Robert A. Gaug and Joan C.
Gaug have been married since June 2, 1973.  On July 8, 1977, the
Debtors acquired 39 acres of land from Mr. Gaug's parents, which
property is located in Davidsonville, Maryland, and which property
was listed for sale.  In 1996, the Debtors acquired a
condominium
unit in Ocean City, Maryland, which was then
sold.  Additionally,
the Debtors own their home, which sits on approximately 104 acres
of land in Crownsville, Maryland, which was acquired by Mr. Gaug
in
1971.  On July 15, 1985, the Debtors formed a Maryland
corporation,
Robert A. Gaug Bus Enterprises, Inc., which operated as a
contractor for Anne Arundel County Public Schools providing school
bus services to the school children of Anne Arundel County.   

The Debtors filed for Chapter 11 bankruptcy protection (Bankr. D.
Md. Case No. 10-30240) on Sept. 2, 2010, listing $4,150,140 in
assets and $1,895,850 in debts.

Geri Lyons Chase, Esq., who has an office in Annapolis, Maryland,
serves as the Debtor's bankruptcy counsel.


S-3 PUMP SERVICE: Pump Secured Claims To Get 100% in 5Yrs, at 6%
-----------------------------------------------------------------
S-3 Pump Service, Inc., filed with the U.S. Bankruptcy Court for
the Western District of Louisiana a disclosure statement for their
amended plan of reorganization, a full-text copy of which is
available at:

          http://bankrupt.com/misc/lawb16-10383-313.pdf

The Plan provides for the Debtor's current shareholders and
managers, Malcolm and
Linda Sneed, to surrender their stock in the Debtor and invest $1
million cash to recapitalize the Reorganized Debtor in
consideration for their purchase of 100% of the stock in the
Reorganized Debtor.  The Reorganized Debtor will retain the company
name of "S-3 Pump Service, Inc."  Malcolm and Linda Sneed will
continue to run the day-to-day operations of the Reorganized
Debtor.

The Debtor has negotiated new terms for the treatment of virtually
all of the Vehicle
Secured Claims, which are secured by first priority liens on the
pickup trucks to be retained by the Reorganized Debtor.  The Plan
provides for full payment by the Reorganized Debtor of those
Vehicle Secured Claims.

The Plan sets forth new terms for the treatment of the Pump Secured
Claims (i.e., Secured Claims represented by security interests in
the frac pumps and associated trailers) for the 31 trailer-mounted
frac pumps which will be retained by the Reorganized Debtor.  Those
secured claims, together with interest thereon at 6% per annum,
will be paid in full over five years.  The Holders of virtually all
of these Pump Secured Claims have agreed to the payment terms,
although several Holders have not yet finally committed to such
terms.  The Plan provides for the remaining non-retained
trailer-mounted frac pumps to be sold or surrendered to the holders
of security interests therein in full satisfaction of the
creditors' Pump Secured Claims.

The Plan also provides for the Debtor or Reorganized Debtor to
promptly liquidate by auction or for higher value, if available,
all other non-retained tangible assets of the company.

S-3 Pump Service, Inc., provider of high-pressure pumping service,
filed a Chapter 11 bankruptcy petition (Bankr. W.D. La. Case No.
16-10383) on March 4, 2016.  The petition was signed by Malcolm
H.
Sneed, III, the president.  Judge Jeffrey P. Norman is assigned
to
the case.

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

Blanchard, Walker, O'Quin & Roberts serves as the Debtor's
counsel.


SALDIVAR HOME: Hires Dean Greer as Bankruptcy Counsel
-----------------------------------------------------
Saldivar Home Health, Inc. seeks authorization from the U.S.
Bankruptcy Court for the Western District of Texas to employ Dean
W. Greer as bankruptcy counsel.

The Debtor requires Mr. Greer to:

   (a) advise and consult with Debtor as to its powers and duties
       in the continued operation of its business and management
       of its properties during bankruptcy;

   (b) take actions as may be necessary to preserve and protect
       the Debtor's assets, including, if required by the facts
       and circumstances, the prosecution of adversary proceedings

       and other actions on Debtor's behalf, the defense of
       actions commenced against Debtor, negotiations concerning
       litigation which Debtor is involved, objection to the
       allowance of any objectionable claims filed against
       Debtor's estate and estimation of claims against the
       estates where appropriate;

   (c) prepare, on behalf of the Debtor, necessary applications,
       motions, complaints, adversary proceedings, answers,
       orders, reports, and legal documents, in connection with
       matters affecting the Debtor and its estate;

   (d) assist Debtor in the development, negotiation and
       confirmation of a plan of reorganization and the
       preparation of a disclosure statement or statements in
       respect thereof; and

   (e) perform other legal services that the Debtor may request in

       connection with this Chapter 11 case and pursuant to the
       Bankruptcy Code.

The firm will be paid at these hourly rates:

       Dean W. Greer          $300
       Legal Assistant        $75

The firm will also be reimbursed for reasonable out-of-pocket
expenses incurred.

Mr. Greer 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 firm can be reached at:

       Dean W. Greer, Esq.
       LAW OFFICES OF DEAN W. GREER
       2929 Mossrock, Suite 117
       San Antonio, TX 78230
       Tel: (210) 342-7100
       Fax: (210) 342-3633
       E-mail: dwgreer@sbcglobal.net

                    About Saldivar Home

Saldivar Home Health Inc. operates a health care company in Alice,
Texas. The company sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. W.D. Tex. Case No. 16-52586) on November 8,
2016.  The petition was signed by Basil P. Casteleyn Jr., COO.

The case is assigned to Hon. Craig A. Gargotta. The Debtor is
represented by Dean W. Greer, Esq.

At the time of the filing, the Debtor has an estimated assets of $0
to $50,000 and an estimated liabilities of $1 million to $10
million.

A copy of the Debtor's list of 17 largest unsecured creditors is
available for free at http://bankrupt.com/misc/txwb16-52586.pdf



SAMWIN LLC: Plan Disclosures Hearing on Jan. 5
----------------------------------------------
The Hon. Jerrold N. Poslusny, Jr issued an order conditionally
approving the small business disclosure statement and small
business plan of reorganization filed by Samwin, LLC, on Dec. 5,
2016.

Dec. 29, 2016 is fixed as the last day for filing and serving
written objections to the Disclosure Statement and confirmation of
the plan.

Dec. 29, 2016 is fixed as the last day for filing written
acceptances or rejections of the plan.

A hearing will be held on Jan. 5, 2017 at 10:00 A.M. for final
approval of the disclosure statement and for confirmation of the
plan to be held at the U.S. Bankruptcy Court, District of New
Jersey, 400 Cooper Street, Camden, NJ 08101, in Courtroom 4C.

Samwin, LLC, filed for chapter 11 bankruptcy protection (Bankr.
D.N.J. Case No. 16-12420) on Feb 10, 2016. Debtor is represented by
David A. Kasen, Esq of KASEN & KASEN.



SANTA ROSA ANIMAL: U.S. Trustee Unable to Appoint Committee
-----------------------------------------------------------
The Office of the U.S. Trustee on Dec. 15 disclosed in a court
filing that no official committee of unsecured creditors has been
appointed in the Chapter 11 case of Santa Rosa Animal Hospital,
P.A.

Santa Rosa Animal Hospital, P.A., filed a Chapter 11 petition
(Bankr. N.D. Fla. Case No. 16-31051) on Nov. 9, 2016.  The petition
was signed by Cheryl L. Beck, DVM, president.  The Debtor is
represented by Natasha Z. Revell, Esq., at Zalkin Revell, Pllc.
The Debtor estimated assets at $0 to $50,000 and liabilities at
$100,001 to $500,000 at the time of the filing.


SCOUT MEDIA: U.S. Trustee Forms 5-Member Committee
--------------------------------------------------
William K. Harrington, U.S. Trustee for Region 2, on Dec. 15
appointed three creditors of Scout Media, Inc., et al., to serve on
the official committee of unsecured creditors.

The committee members are:

     (1) Quad/Graphics, Inc.
         N61 W23044 Harry's Way
         Sussex, WI 53098
         Attn: Pat Rudzik, Director of Global Credit
         Tel: (414) 566-2127

     (2) LSC Communications, Inc.
         f/d/b/a RR Donnelley
         4101 Winfield Road
         Warrenville, IL 60555
         Attn: Dan Pevonka, Vice President
         Client Financial Services
         Tel: (630) 322-6931

     (3) Signature Consultants, LLC
         200 West Cypress Creek Road, Suite 400
         Fort Lauderdale, FL 33309
         Attn: Michael J. Chrusch, Senior Vice President
         and General Counsel
         Tel: (954) 717-1010

     (4) Outbrain Inc.
         39 W 13th Street, 3rd Floor
         New York, NY 10011
         Attn: Barry Schofield, Vice President
         Corporate Finance & Treasury
         Tel: (646) 586-8957

     (5) Stone River Gear, LLC
         2963 Rt. 209
         Kingston, NY 12401
         Attn: James J. Economos, Vice President
         Tel: (845) 331-0153

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 Scout Media

Scout Media, Inc., is a privately held digital sports media company
that publishes and distributes content related to the National
Football League, fantasy sports, college football and basketball,
high school recruiting, hunting, fishing, outdoors, military, and
history.  Scout Media owns and operates a digital network of 150
team-specific, credentialed publishers, and their respective social
communities.  Scout Media is the only sports network with a
full-time video channel for every NFL and major college team.
North American Membership Group Holdings, Inc., bought Scout Media
from Scout Media in 2013.

An involuntary Chapter 11 petition was filed against Scout Media,
Inc. (Bankr. S.D.N.Y. Case No. 16-13369) on Dec. 1, 2016, by LSC
Communications, Inc. f/d/b/a R.R. Donnelley & Sons Co., On Safari
Foods, and Imatch.  The petitioners are represented by Joy R.
Grafton, Esq., at Popper & Grafton.

On Dec. 8, 2016, affiliates of Scout Media filed a voluntary
petition for relief under chapter 11 of the Bankruptcy Code.  The
Debtors filed a motion seeking joint administration of the Chapter
11 cases pursuant to Rule 1015(b) of the Federal Rules of
Bankruptcy Procedure.

The Debtors are continuing in possession of their properties and
are managing their businesses, as debtors in possession, pursuant
to Sections 1107(a) and 1108 of the Bankruptcy Code.


SEARS HOLDINGS: Alesia Haas Quits as Director
---------------------------------------------
Ms. Alesia J. Haas, a director of Sears Holdings Corporation,
informed the Company that she will be resigning as a director,
effective Dec. 13, 2016, as a result of her appointment as chief
financial officer of Och-Ziff Capital Management Group, a global
institutional alternative asset manager, according to a Form 8-K
report filed with the Securities and Exchange Commission.

                        About Sears

Sears Holdings Corporation (NASDAQ: SHLD) --
http://www.searsholdings.com/-- is an integrated retailer focused  

on seamlessly connecting the digital and physical shopping
experiences to serve members.  Sears Holdings is home to Shop Your
Waytm, a social shopping platform offering members rewards for
shopping at Sears and Kmart as well as with other retail partners
across categories important to them.

The Company operates through its subsidiaries, including Sears,
Roebuck and Co. and Kmart Corporation, with more than 2,000 full-
line and specialty retail stores in the United States and Canada.

Kmart Corporation and 37 of its U.S. subsidiaries filed voluntary
Chapter 11 petitions (Bankr. N.D. Ill. Lead Case No. 02-02474) on
Jan. 22, 2002.  Kmart emerged from chapter 11 protection on May 6,
2003, pursuant to the terms of an Amended Joint Plan of
Reorganization.  Skadden, Arps, Slate, Meagher & Flom, LLP,
represented Kmart in its restructuring efforts.  Its balance sheet
showed $16,287,000,000 in assets and $10,348,000,000 in debts when
it sought chapter 11 protection.

Kmart bought Sears, Roebuck & Co., for $11 billion to create the
third-largest U.S. retailer, behind Wal-Mart and Target, and
generate $55 billion in annual revenues.  Kmart completed its
merger with Sears on March 24, 2005.

Sears Holdings reported a net loss of $1.12 billion on $25.14
billion of revenues for the year ended Jan. 30, 2016, compared to a
net loss of $1.81 billion on $31.19 billion of revenues for the
year ended Jan. 31, 2015.

As of July 30, 2016, Holdings had $10.61 billion in total assets,
$13.30 billion in total liabilities and a total deficit of $2.69
billion.

                            *     *     *

In September 2016, Moody's Investors Service downgraded Sears
Holdings'
Speculative Grade Liquidity rating to 'SGL-3' from 'SGL-2' and
retained other ratings, including the company's 'Caa1' Corporate
Family rating.

"The SGL-3 rating reflects our view that Sears will continue to
rely on external financing and the monetization of its alternative
assets to fund its operating losses" stated Moody's Vice
President,
Christina Boni.  "We recognize the risks associated with relying
on
these sources and continued shareholder support to finance its
negative operating cash flow which is estimated by Moody's to be
approximately $1.5 billion this year."

In March 2016, Moody's Investors Service assigned a 'Ba3' rating
to
Sears Holdings
Corp.'s new $750 million senior secured ABL Term Loan due 2020 and
said that all
other ratings including the 'Caa1' Corporate Family Rating, and
the
negative outlook, are unchanged.

In March 2016, Fitch Ratings said it will retain Sears' long term
issuer default rating at 'CC'.


SEARS HOLDINGS: S&P Affirms 'CCC+' CCR; Outlook Remains Negative
----------------------------------------------------------------
S&P Global Ratings affirmed its ratings, including the 'CCC+'
corporate credit rating, on Sears Holdings Corp.  The rating
outlook remains negative.  S&P continues to view the capital
structure as unsustainable given EBITDA and cash flow levels.

"We revised our assessment of Sears' liquidity to less than
adequate from adequate based on the impact of continued and
meaningful cash use and constraints on contractually committed
liquidity from cash use and incremental secured funded borrowings,"
said credit analyst Robert Schulz.  "We do not incorporate any
significant prospective asset sales or execution of strategic
alternatives for legacy hardline brands into our assessment of
committed liquidity."

S&P's negative outlook on Sears reflects S&P's view that weak
operating performance will persist during 2017 and a turnaround
depends on the company's progress with its integrated retail
strategy as well as its announced cost reduction plan to reverse
the substantial decline in profitability and cash use.

S&P believes the company retains significant unencumbered real
estate it can use to generate liquidity, but progress in
stabilizing sales and earnings declines are just as critical to
avoid an eventual restructuring.

S&P would lower the rating if it don't believe the company will
make progress in significantly reversing its operating cash use.
Milestones would include the company's progress toward its stated
goal of positive EBITDA.  S&P believes a clear path to default
would develop if the company does not demonstrate substantial
progress toward these goals in the fourth quarter of 2016 and in
early 2017 since substantial debt maturities begin in mid-2018.

While less likely in 2017, S&P could consider revising the outlook
to stable if there are indications that the performance of the
company's main retail segments could recover and be sustained,
including prospects for a return to positive EBITDA and if
liquidity seems sufficient for 2017 and beyond, including prospects
for refinancing of the 2018 term loan maturities.



SILAS METRO: Voluntary Chapter 11 Case Summary
----------------------------------------------
Debtor: Silas Metro Holdings Corp,
        240 North Avenue, Suite 212
        New Rochelle, NY 10801

Case No.: 16-23722

Chapter 11 Petition Date: December 15, 2016

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

Judge: Hon. Robert D. Drain

Debtor's Counsel: David Carlebach, Esq.
                  LAW OFFICES OF DAVID CARLEBACH
                  55 Broadway, Suite 1902
                  New York, NY 10006
                  Tel: (212) 785-3041
                  Fax: (646) 355-1916
                  E-mail: david@carlebachlaw.com

Estimated Assets: $10 million to $50 million

Estimated Debts: $1 million to $10 million

The petition was signed by Dominica O'Neill, president.

The Debtor has no unsecured creditor.

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

        http://bankrupt.com/misc/nysb16-23722.pdf


SITEL WORLDWIDE: S&P Lowers CCR to 'B-' on Weak Free Cash Flow
--------------------------------------------------------------
S&P Global Ratings said that it lowered its corporate credit rating
on Nashville, Tenn.-based SITEL Worldwide Corp. to 'B-' from 'B'.
The outlook is stable.

At the same time, S&P affirmed its 'B' issue-level ratings on the
company's $60 million first-lien revolver due in 2020 and
$365 million first-lien term loan due in 2021 based on a revised
recovery rating of '2' up from '3', indicating S&P's expectation
for substantial recovery (upper half of the 70%-90% range) of
principal in the event of a payment default.

Additionally, S&P lowered its issue-level rating on the company's
$120 million second-lien term loan due in 2022 to 'CCC+' from
'B-'.  The recovery rating remains '5' and indicates S&P's
expectation of modest (upper half of the 10%-30% range) recovery in
the event of a payment default.

The downgrade of SITEL is based on the company's weak operating
performance in 2016, including negative free cash flow, reduction
in liquidity, tightening covenant headroom, and rising leverage.
Over the first nine months of 2016, revenues were flat
year–over-year on a reported basis and up low-single–digit
percentages on a constant currency basis.  EBITDA declined 15% due
to investments in selling, general, and administrative (SG&A)
expenses as the company looked to add new customers.  In the nine
months ended Sept. 30, 2016, SITEL experienced negative free cash
flow of about $30 million as it increased investments in working
capital and capital expenditures.  SITEL is developing new call
centers in lower cost areas such as the Philippines, which should
gradually improve its operating performance in 2017.

To fund this use of cash, SITEL drew $38 million on its revolver
during the third quarter.  This incremental debt coupled with lower
EBITDA resulted in higher leverage and a tightening of the cushion
on SITEL's total leverage covenant.  Adjusted leverage increased to
4.7x as of Sept. 30, 2016, from 4x just after Groupe Acticall
acquired SITEL in 2015.  Its EBITDA cushion was around 13% as of
Sept. 30, 2016, down from 21% in the previous quarter. S&P expects
modest improvement in operating performance over the next year with
an increase in EBITDA margins as the company reduces SG&A expenses,
particularly in North America.  However, S&P expects free operating
cash flow (FOCF) will be around breakeven.

SITEL provides outsourced customer care services to a broad array
of end markets globally through 113 call centers in 21 countries. A
high degree of fragmentation, competitiveness, and low barriers to
entry characterize the industry.  SITEL has a small market share,
about 2%.  However, much of the market continues to provide
customer support internally, so there are opportunities to gain
share. Larger competitors, including Teleperformance SE and
Convergys Corp., benefit from operating scale and, in certain
cases, a higher degree of proprietary software sales.  Acquired by
French customer relationship management service provider Groupe
Acticall in 2015, SITEL has been focused on increasing offshore
business, especially in Latin America and Asia-Pacific, and growing
its digital customer services, such as social and other digital
media, since the buyout.

S&P's view of SITEL's financial risk profile reflects adjusted
leverage in the high-4x area, which includes an adjustment for
operating leases.  Excluding this adjustment, leverage is in the
mid-5x area.  S&P expects negative FOCF of $40 million-$50 million
in 2016, turning slightly positive in 2017 as the company improves
EBITDA and invests less in working capital and capital
expenditure.

S&P's base case assumes:

   -- Real U.S. GDP growth of 1.5% in 2016 and 2.4% in 2017.

   -- eurozone GDP growth of 1.6% in 2016 and 1.4% in 2017.

   -- Asia-Pacific GDP growth of 5.3% in 2016 and 5.2% in 2017.

   -- S&P expects global technology spending to increase in the
      low-single-digit percentages in 2016, slightly below S&P's
      global GDP growth forecast of 3.6%.  Considering enterprise
      spending priorities and limited information technology (IT)
      budgets, S&P expects companies offering solutions related to

      cloud services, data management, mobility, and security will

      again experience more favorable operating performance
      relative to companies in certain mature markets, including
      printing, PCs, and traditional outsourcing.

   -- The technology services market should experience flat to
      low-single-digit percentage revenue growth in 2016.  S&P
      expects flat to slightly declining revenues for legacy
      service providers--including CSC, HP Enterprise, and IBM—
      that are transitioning to cloud and mobile environments from

      mature and declining datacenter outsourcing services.

   -- S&P expects revenues to grow in the low single digit
      percents in 2016 and 2017, reflecting increased investments
      in sales and marketing, slightly below GDP growth due to
      ongoing industry pricing pressure.

   -- Moderate decline in 2016 EBITDA margins, reflecting
      increased investments in sales, marketing, and training as
      well as continued restructuring.  Slight improvement in
      EBITDA margins in 2017 of about 100 basis points (bps) with
      reduced SG&A investment partly offset by higher
      restructuring.

   -- Capital expenditures above recent levels as SITEL is
      investing in new sites to better serve its clients and new
      product offerings.

   -- S&P expects SITEL to maintain a cash balance above
      $10 million and no additional borrowings under its revolver.

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

   -- Adjusted debt to EBITDA of 4.7x at the end of 2016 and 4.5x
      at the end of 2017.

   -- FOCF to debt on a reported basis of negative 6% to negative
      10% for 2016 and low single digits for 2017.

"In our view, SITEL has adequate liquidity.  We believe coverage of
uses will be in excess of 1.2x for the next 12 months and that net
sources will be positive in the near term, even with a 15% decline
in EBITDA.  While that assessment could be strong based on
quantitative factors, we believe that liquidity is constrained to
adequate based on not meeting certain qualitative factors
characteristic of issuers with strong liquidity.  Specifically, we
don't believe SITEL will have greater than 30% EBITDA cushion on
covenants over the next years.  Given our assessment of its credit
worthiness to be speculative grade, we do not believe SITEL could
easily absorb high-impact, low-probability credit events without
refinancing," S&P said.

Principal liquidity sources:

   -- Cash balance of $19 million as of Sept. 30, 2016.
   -- Cash flow from operations above $20 million in fiscal-year
      2016 and around $70 million in 2017.
   -- $22 million of availability under the company's $60 million
      revolving credit facility due in 2020.

Principal liquidity uses:

   -- Annual capex of $50 million-$65 million.
   -- Mandatory debt amortization of about $4 million.

Covenants

Under its credit facilities, SITEL is required to comply with a
maximum consolidated leverage ratio tested on the last day of each
fiscal quarter.  The company had about a 13% EBITDA cushion as of
Sept. 30, 2016, and S&P expects it will maintain its cushion above
10% over the next year.

                    OTHER CREDIT CONSIDERATIONS

The comparable rating analysis modifier has a negative one-notch
effect on the rating.  The modifier reflects S&P's view of the
company's weaker cash flow/leverage metrics relative to other 'B'
companies.  Specifically, given high capital requirements over the
next two years, FOCF to debt will be more consistent with a highly
leveraged financial risk profile.

The outlook is stable reflecting S&P's expectation that SITEL will
gradually improve its operational performance and maintain its
adequate liquidity position in the coming year considering its
recent business investments.

S&P could lower the rating if continued operational issues cause us
to assess the capital structure as unsustainable or if continued
negative FOCF results in cash and revolver availability falling
below $20 million.

S&P could raise the rating if the company demonstrates improved
operating performance and improves annual FOCF on a reported basis
above $25 million with adequate liquidity.


SK DENTAL: Voluntary Chapter 11 Case Summary
--------------------------------------------
Debtor: SK Dental, LLC
        2140 South 168th Drive
        Goodyear, AZ 85338

Case No.: 16-14057

Nature of Business: Health Care

Chapter 11 Petition Date: December 14, 2016

Court: United States Bankruptcy Court
       District of Arizona (Phoenix)

Judge: Hon. Eddward P. Ballinger Jr.

Debtor's Counsel: Edwin B Stanley, Esq.
                  SIMBRO & STANLEY, PLC
                  8767 East Via De Commercio #103
                  Scottsdale, AZ 85258-3374
                  Tel: 480-607-0780
                  Fax: 480-907-2950
                  E-mail: bstanley@simbroandstanley.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Karun Gaba, managing member.

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

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

            http://bankrupt.com/misc/azb16-14057.pdf


SL GREEN: Fitch Affirms 'BB' Rating on Perpetual Preferred Stock
----------------------------------------------------------------
Fitch Ratings has affirmed the Issuer Default Rating for SL Green
Realty Corp. (NYSE: SLG) and its operating partnerships, SL Green
Operating Partnership, L.P. and Reckson Operating Partnership, L.P.
at 'BBB-'.  Fitch has revised the Rating Outlook to Positive from
Stable.

The Positive Outlook primarily reflects SLG's public commitment to
targeting stronger financial metrics, including sustaining leverage
at 7.0x or below.  Fitch had previously set leverage sustaining
below 7.5x as a key positive rating sensitivity for SLG.  The
company has also improved its unencumbered asset coverage of
unsecured debt to 2.3x as of Sept. 30, 2016, from 1.6x at June 30,
2015.

To determine whether to upgrade SLG's ratings to 'BBB', Fitch will
examine the level and consistency of the company's credit
protection metrics during the one-to-two year Rating Outlook
horizon, in the context of SLG's revised financial policy to
targets.  Fitch will also consider SLG's access to unsecured public
and/or private placement notes over the Outlook horizon.

                         KEY RATING DRIVERS

Fitch's ratings consider SLG's credit strengths, including its
strong competitive position and high-quality New York office
portfolio that enjoys high occupancy rates, long-term leases to
solid credit tenants, and above-average contingent liquidity from
institutional lenders and investors.  The company also has
manageable, well-balanced lease maturity and debt expiration
schedules as well as limited floating rate debt exposure.

Geographic concentration in the New York metro area and exposure to
capital intensive office properties are factors that balance the
company's credit positives.  The persistent strength and economic
diversity of Manhattan and high face rents help to mitigate these
risks.  SLG is also a less established unsecured borrower than many
similarly- or higher-rated REIT peers.

Fitch views the company's public adoption of more stringent
financial policies and use of unsecured bank term loans as
demonstrations of its commitment to maintaining an investment grade
borrowing strategy, although Fitch considers bank term loans as a
lesser form of unsecured debt access than bond issuances.

APPROPRIATE LEVERAGE
SLG's recurring debt-to-EBITDA leverage is in-line with similarly
rated equity REIT peers, but appropriate to conservative after
adjusting for lower market-level cap rates for Manhattan commercial
real estate.  Fitch expects SLG to operate with leverage at 7.0x or
below during the Rating Outlook horizon.

SLG has tightened its financial policies as it transitions to an
investment grade, unsecured borrowing strategy.  Asset sales and
incremental net operating income (NOI) from repositioning and
leasing of assets within the company's growth portfolio, which
consists of value-add properties purchased over the past few years,
have supported the company's de-levering.

The company's leverage ratio was 6.1x for the trailing 12 months
(TTM) ended Sept. 30, 2016 when adjusting for the effects of the 11
Madison Ave. joint venture and the sale of 388-390 Greenwich, down
from 9.4x as of Dec. 31, 2015 and 8.0x as of Dec. 31, 2014.

SLG's leverage adjusted for equity credit for hybrid securities was
6.5x, 9.7x and 8.2x for the 12-months ended Sept. 30, 2016, Dec.
31, 2015 and Dec. 31, 2014, respectively.  Equity adjusted leverage
provides 50% equity credit for the company's perpetual preferred
obligations and 0% for its preferred units.  The latter are
puttable on demand, for cash from unitholders.

Fitch's leverage-based ratings sensitivities are based on recurring
debt-to-EBITDA leverage without considering the impact of hybrid
obligations.  However, Fitch recognizes the potential liquidity
demands posed by the approximately $300 million preferred units
that can be put to the company.

                  APPROPRIATE FIXED-CHARGE COVERAGE

Fitch expects SLG's fixed-charge coverage (FCC) to remain
relatively flat as growth in cash flow is partially offset by an
environment in which landlords will continue to offer attractive
tenant improvement packages.  FCC was 2.5x for the 12 months ended
Sept. 30, 2016, when excluding the effects of 11 Madison Ave. and
388-390 Greenwich, up from 2.1x in 2015 and 1.8x in 2014.  The
improvement in coverage has been driven primarily by improved
financing costs and significantly reduced debt balances,
particularly with the company's unsecured credit facility.

           ADEQUATE UNENCUMBERED ASSET COVERAGE OF DEBT

Fitch expects this SLG's consolidated unencumbered asset coverage
of net unsecured debt (UA/UD) to sustain in the low 2.0x during the
Outlook Horizon.  The company's UA/UD - calculated as annualized
third quarter 2016 (3Q16) unencumbered property NOI divided by a
stressed 7% capitalization rate - results in coverage of 2.3x, up
from 1.6x as of June 30, 2015, and Dec. 31, 2014.  SLG improved
coverage through considerable reduction of its unsecured debt
balance, most of which was through the pay down of its revolving
credit facility in the first nine months of 2016.

The company's improved UA/UD ratio is an important credit positive.
SLG's UA/UD coverage below 2.0x had historically hindered the
credit profile of SLG in comparison to similarly-rated companies,
particularly given that the stressed capitalization rate applied to
SLG's NOI is the lowest across Fitch's rated universe.  However,
when considering that Midtown Manhattan assets are highly sought
after by secured lenders and foreign investors, the results are a
stronger contingent liquidity relative to most asset classes in
other markets.

                       STRONG MANAGEMENT TEAM

The ratings also consider the strength of SLG's management team
given their knowledge of the Manhattan office sector and their
ability to maintain occupancy and liquidity throughout the
downturn.  This expertise has also been demonstrated by the
company's ability to identify off-market acquisition opportunities,
and its maintenance and growth of portfolio occupancy and balance
sheet liquidity throughout the downturn and into the current cycle.
The management team has also led the company towards an even
greater property focus within Manhattan, not only within the office
segment, but expanding to the potentially highly profitable retail
segment as well.

                      LOW LIQUIDITY COVERAGE

Fitch's stressed, base case liquidity analysis shows SLG's sources
of liquidity (cash, availability under the company's unsecured
revolving credit facility, and Fitch's expectation of retained cash
flows from operating activities after dividends and distributions)
covered uses of liquidity (pro rata debt maturities, Fitch's
expectation of recurring capital expenditures and non-discretionary
development expenditures) by 0.9x for the period from Oct. 1, 2016,
to Dec. 31, 2018.

Fitch's analysis assumes SLG does not raise any external capital to
repay debt maturities.  This notwithstanding the company's
demonstrated access to a variety of capital sources over time,
mitigating refinance risk.  Under a scenario where the company
refinances 80% of maturing secured debt, liquidity coverage
improves to 1.9x, which would be adequate for the rating.

SLG's conservative common dividend policy has supported its
liquidity as the company has distributed approximately 45% of its
adjusted funds from operations (AFFO) in the first nine months of
2016.  The lower payout ratio has provided the company with
additional financial flexibility, which is of high importance
considering the consistently elevated level of tenant inducements
required in the NYC office leasing environment.  Fitch expects the
company's projected AFFO payout ratio to trend towards industry
norms in the coming years, at levels between 70%-90%.

          STRONG, ALBEIT RELATIVELY CONCENTRATED TENANT BASE

SLG's portfolio has a modest degree of tenant concentration, with
the top 10 tenants representing 28.2% of annual base rent.  This
compares to the contribution from the top 20 tenants of Boston
Properties and Vornado Realty of 27.8% and 28.2%, respectively.
Despite the concentration, the largest tenant Credit Suisse ('A-'
IDR with a Stable Outlook) comprises 7.8% of SLG's share of annual
cash rent, and four of SLG's top 10 tenants have strong investment
grade Fitch ratings.

                 MANAGEABLE LEASE EXPIRATION PROFILE

SLG has a manageable lease expiration schedule with only an average
of 8.2% of consolidated Manhattan rents expiring annually
2017-2020.  While slightly more of the company's consolidated
suburban property rents expire during that same period (10.0% on
average), the suburban portfolio represents a limited portion of
the company's total assets and only 7.8% of annualized cash rent.

                     LADDERED DEBT MATURITIES

Further supporting the ratings is SLG's manageable debt maturity
schedule.  Over the next five years, 2017 and 2019 are the largest
years of debt maturities with 17.8% and 20.2% of pro rata debt
expiring, respectively.  The 2017 maturities are comprised of
$1.3 billion of non-recourse mortgage debt and $345 million of
unsecured debt, while the 2019 maturities are comprised of SLG's
$1.2 billion term loan and $600 million of non-recourse mortgage
debt.

SLG has demonstrated consistent access to secured financing and
Fitch anticipates the company could enter the public unsecured bond
market to repay a portion of the maturing term loan obligation.
Otherwise, the company's strong existing bank relationships should
allow it to easily refinance some or the entire term loan
obligation.  Additionally, SLG's ratios under its unsecured credit
obligations' financial covenants do not hinder the company's
financial flexibility at this point in time.

                    RECKSON'S IDR LINKED TO SLG'S

Consistent with Fitch's criteria, 'Parent and Subsidiary Rating
Linkage' dated Aug. 31, 2016.  Reckson's IDR is linked and
synchronized with SLG's due to strong legal, operational and
strategic ties between SLG and Reckson, including each entity
guaranteeing certain corporate debt of the other.

                 JUNIOR SUBORDINATED NOTES NOTCHING

The one-notch differential between SLG's IDR and junior
subordinated notes (trust preferred securities) is consistent with
Fitch's criteria for corporate entities with an IDR of 'BBB-'.
Based on Fitch Research on 'Treatment and Notching of Hybrids in
Nonfinancial Corporate and REIT Credit Analysis', these securities
are senior to SLG's perpetual preferred stock but subordinate to
SLG's corporate debt.  Holders of such notes have the ability to
demand full repayment of principal and interest in the event of
unpaid interest.

                      PREFERRED STOCK NOTCHING

The two-notch differential between SLG's IDR and preferred stock
rating is consistent with Fitch's criteria for corporate entities
with an IDR of 'BBB-'.  Based on Fitch Research on 'Treatment and
Notching of Hybrids in Nonfinancial Corporate and REIT Credit
Analysis', available on Fitch's Web site at
http://www.fitchratings.com,these preferred securities are deeply
subordinated and have loss absorption elements that would likely
result in poor recoveries in the event of a corporate default.

                          KEY ASSUMPTIONS

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

   -- Low single-digit growth in annual same-store NOI in 2017-
      2019;
   -- Secured debt maturities refinanced dollar-for-dollar with
      secured mortgage debt;
   -- Public unsecured bond issuance in 2019 to partially
      refinance maturing unsecured term loan;
   -- $200 million of acquisitions in 2018-2019 at 5%
      capitalization rate;
   -- No common equity issuance through the forecast period absent

      a material shift in equity price relative to consensus NAV.
      Fitch also assumes no equity buybacks despite the $1 billion

      stock buyback program currently in place.

                        RATING SENSITIVITIES

These factors may have a positive impact on SLG's ratings:

   -- Fitch's expectation of leverage sustaining below 7.0x
      (leverage was 6.1x for the TTM ended Sept. 30, 2016);
   -- SLG's demonstrated access to unsecured bonds;
   -- Fitch's expectation of fixed charge coverage sustaining
      above 2.25x (coverage was 2.5x for the TTM ended Sept. 30,
      2016).

These factors may have a negative impact on SLG's ratings and/or
Outlook:

   -- Fitch's expectation of UA/UD sustaining below 2.0x;
   -- Fitch's expectation of leverage sustaining above 8x;
   -- Fitch's expectation of fixed-charge coverage sustaining
      below 1.5x;
   -- A sustained liquidity shortfall (base case liquidity
      coverage was 0.9x for the period Oct. 1, 2016 to Dec. 31,
      2018).

FULL LIST OF RATING ACTIONS

Fitch has affirmed these ratings:

SL Green Realty Corp.:
   -- IDR at 'BBB-';
   -- Senior unsecured notes at 'BBB-';
   -- Perpetual preferred stock at 'BB'.

SL Green Operating Partnership, L.P.
   -- IDR at 'BBB-';
   -- Unsecured line of credit at 'BBB-';
   -- Senior unsecured notes at 'BBB-';
   -- Exchangeable senior notes at 'BBB-';
   -- Junior subordinated notes at 'BB+'.

Reckson Operating Partnership, L.P.
   -- IDR at 'BBB-';
   -- Senior unsecured notes at 'BBB-'.

The Rating Outlook is revised to Positive from Stable.


SLAYTON FAMILY: Court Allows Cash Collateral Use on Final Basis
---------------------------------------------------------------
Judge Karen K. Specie of the U.S. Bankruptcy Court for the Northern
District of Florida authorized the Debtor to use cash collateral on
a final basis.

Slayton Family Beef O'Bradys LLC and Quick Capital, LLC consented
to the Debtor's use of cash collateral.

The Debtor was authorized to continue using its existing
pre-petition credit card servicing agreement with provider Quick
Capital, LLC subject to a reduction in all fees charged by the
provider to no more than five percent of the daily gross credit
card sale transactions of Debtor.

Quick Capital was granted a post-petition security interest in the
post-petition credit card transactions of the Debtor until further
Order of the Court.

A full-text copy of the Final Order, dated December 13, 2016, is
available at https://is.gd/ZZEsDq

                   About Slayton Family Beef O'Bradys LLC

Slayton Family Beef O' Bradys LLC filed a Chapter 11 petition
(Bankr. N.D. Fla. Case No. 16-40484) on Nov. 7, 2016.  The petition
was signed by Harold D. Slayton, manager.  The Debtor is
represented by Robert C. Bruner, Esq., at Robert C. Bruner,
attorney.  The Debtor estimated assets at $0 to $50,000 and
liabilities at $50,001 to $100,000 at the time of the filing.


STEPPING STONES: Jan. 10 Disclosure Statement Hearing
-----------------------------------------------------
The U.S. Bankruptcy Court for the Northern District of Mississippi
issued an order conditionally approving the disclosure statement
describing a chapter 11 plan of reorganization filed by Stepping
Stones, Inc., on Dec. 1, 2016.

Jan. 6, 2017 is fixed as the last day for filing written acceptance
and rejections of the plan.

Jan. 10, 2017 at 10:30 A.M. in the Cochran U.S. Bankruptcy
Courthouse, 703 Highway 145 North, Aberdeen, MS, is fixed for the
hearing on final approval of the disclosure statement and for the
hearing on the confirmation of the plan.

Jan. 6, 2017 is fixed as the last day for filing and serving
written objections to the disclosure statement and confirmation of
the plan.

Stepping Stones, Inc., filed for Chapter 11 bankruptcy protection
(Bankr. N.D. Miss. Case No. 16-10372) on Feb. 5, 2016. Robert
Gambrell, Esq., at Gambrell & Associates, PLLC, serves as the
Debtor's bankruptcy counsel.


STONE ENERGY: Files for Bankruptcy Protection to Reduce Debt
------------------------------------------------------------
Greatly impacted by the recent and dramatic decline in oil prices,
the continued low prices of natural gas and the general uncertainty
in the energy market, Stone Energy Corporation and its subsidiaries
Stone Energy Holding, L.L.C. and Stone Energy Offshore, L.L.C. each
filed a voluntary petition under Chapter 11 of the Bankruptcy Code
to implement a restructuring of their funded indebtedness.

Stone Energy said it intends to maintain a business-as-usual
atmosphere during the early stages of the Chapter 11 cases, with as
little interruption or disruption to their operations as possible.

The Debtors followed in the footsteps of other independent oil and
gas producers that filed for bankruptcy in 2015 and 2016 including
Quicksilver Resources Inc., American Eagle Energy Corporation,
Saratoga Resources Inc., Sabine Oil & Gas Corporation, Samson
Resources Corporation, Magnum Hunter Resources Corporation, Swift
Energy Company, Energy XXI, Ltd., Midstates Petroleum Corporation,
Penn Virginia Corporation, Breitburn Operating LP, Sandridge
Energy, Inc., and Linn Energy, LLC.

On the Petition Date, the Debtors filed with the U.S. Bankruptcy
Court for the Southern District of Texas a First Amended Joint
Prepackaged Plan of Reorganization.  The Plan provides for the
reduction of approximately $1.2 billion of the Debtors' existing
net debt and approximately $46 million of the Debtors' annual cash
interest expense.  The Plan will result in an estimated recovery
for unsecured noteholders of between 36% and 49%.

Kenneth H. Beer, executive vice president and chief financial
officer of Stone Energy, stated in a declaration filed with the
Court that as a result of the decline in oil prices, among other
things, the Debtors determined that their enterprise could no
longer operate with their current capital structure and began to
explore potential transactions that would allow them to deleverage
their balance sheet and allow for growth and long-term success.

"These macro-economic factors, coupled with the Debtors'
substantial debt obligations, have pushed the limits of the
Debtors' ability to effectively operate with their capital
structure and devote capital needed to maintain and grow the
business," Mr. Beer said.  "Given the significant disruptions and
uncertainty in the oil and gas industry and a need to improve
liquidity to maximize flexibility as it considered potential
restructuring options, Stone determined that fully drawing
available funds under its Prepetition Credit Agreement was
necessary to best position Stone in the short and longer term," he
continued.

Mr. Beer said the Debtors' management initiated a series of
operational and financial actions in reaction to the substantial
and rapid decline of commodity prices with the goal of improving
their liquidity position.  Despite these cost-reduction
initiatives, the Debtors still have a number of upcoming
obligations that would have drastically reduced their liquidity
absent the filing of these Chapter 11 cases, Mr. Beer related.

Stone reported total assets of approximately $1.24 billion and
total liabilities of approximately $1.76 billion as of Sept. 30,
2016.  Stone reported a consolidated net loss of approximately
$474.2 million for the nine months ended Sept. 30, 2016, and a
consolidated net loss of approximately $1.09 billion for the year
ended Dec. 31, 2015.

                   Restructuring Support Agreement

According to Mr. Beer, through extensive negotiations over the past
several months, the Debtors built consensus around the terms of a
comprehensive financial restructuring, which culminated in the
Debtors entering into a restructuring support agreement, dated as
of Dec. 14, 2016, as amended, with (a) holders of approximately
100% of the outstanding principal amount under the Debtors'
Prepetition Credit Agreement and (b) with holders of approximately
79.7% of the outstanding principal amount of the Debtors' Unsecured
Notes.

Pursuant to the Restructuring Support Agreement, the Restructuring
Support Parties have agreed, subject to the terms of the
Restructuring Support Agreement, to vote in favor of the Plan.

The Plan:

   (i) contemplates the sale of the Debtors' business in
       Appalachia and the reorganization of the Debtors around
       their off-shore business in the Gulf of Mexico;

  (ii) leaves unsecured creditors other than the Holders of
       Prepetition Notes Claims unimpaired;

(iii) provides the holders of Prepetition Banks Claims with
       either replacement commitments under a new revolving credit
       facility, combined with a significant repayment of the
       obligations currently outstanding (subject to the Debtors'
       ability to re-borrow certain of the amounts pursuant to the
       terms of the Amended Credit Agreement) or the New Senior
       Secured Term Loans;

  (iv) enables equity holders to receive a recovery equal to 4% of

       the equity of reorganized Stone and warrants that may be
       exercised for up to an additional 10% of the equity
       of reorganized Stone; and

   (v) provides for the Holders of Prepetition Notes Claims to
       receive $100 million in cash, $225 million of new junior
       secured notes, and 96% of the equity of reorganized Stone,
       which will result in the reduction of up to approximately
       $1.2 billion of the Debtors' existing net debt.

The Debtors have agreed under the Restructuring Support Agreement
to use reasonable best efforts to meet certain milestones for the
restructuring process, including that confirmation of the Plan
occur no later than 75 days after the Petition Date and that the
Plan become effective no later than 90 days after the Petition
Date.

                        Sale of Appalachia Assets

In parallel with the foregoing restructuring efforts, the Debtors,
in consultation with their advisors, also diligently evaluated a
number of options, including the sale of their approximately 86,000
net acres in the Appalachia regions of Pennsylvania and West
Virginia.  The Debtors ultimately determined that a sale of the
Appalachia Assets was the best way to maximize value for all
stakeholders as part of the Debtors' overall restructuring
efforts.

After considering various inquiries and proposals, and following
several months of arm's-length negotiations, on Oct. 20, 2016, the
Debtors and TH Exploration III, LLC, an affiliate of Tug Hill,
Inc., entered into a purchase and sale agreement, pursuant to
which, subject to Court approval, Tug Hill has agreed to purchase
substantially all of the Debtors' Appalachia Assets for
approximately $360 million, subject to customary purchase price
adjustments.

The Debtors have structured the PSA with maximum flexibility such
that, if the Court finds that a Remarketing/Auction process is
necessary, Tug Hill will serve as a traditional Bankruptcy Code
Section 363 stalking horse bidder.

                      First Day Motions

In furtherance of the objective of successfully restructuring their
capital structure, the Debtors have sought approval of certain
first day motions.  The Debtors are seeking permission to, among
other things, use existing cash management system, use cash
receipts and equivalents constituting the cash collateral of the
prepetition secured parties, pay prepetition workforce obligations,
prohibit utility companies from discontinuing services and preserve
net operating losses by establishing notification and hearing
procedures regarding the transfer of Stone equity interests that
must be complied with before transfers of such equity interests
become effective.

                        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.  For additional information, contact Kenneth H.
Beer, chief financial officer, at 337-521-2210 phone, 337-521-9880
fax or via e-mail at CFO@StoneEnergy.com

As of Dec. 31, 2015, the Debtors' estimated proved oil and gas
reserves, as determined by Netherland Sewell & Associates, were
approximately 57 million barrels of oil equivalent ("MMBoe"), or
approximately 342 billion cubic feet of gas equivalent ("Bcfe")
compared to Dec. 31, 2014, estimated proved oil and gas reserves of
approximately 153 MMBoe, or approximately 915 Bcfe.

As of the Petition Date, the Debtors employ 247 people.

The Chapter 11 cases are pending in the U.S. Bankruptcy Court for
the Southern District of Texas (Bankr. S.D. Tex. Case Nos.
16-36390, 16-36391 and 16-36392).  Judge Marvin Isgur is assigned
to the cases.

The Debtors have hired Latham & Watkins LLP as general counsel,
Porter Hedges LLP as local counsel, Alvarez & Marsal North America,
LLC as financial advisor, Lazard Freres & Co. LLC, as investment
banker and Epiq Bankruptcy Solutions, LLC as claims, noticing,
solicitation and balloting agent.


STRINGER FARMS: Case Summary & 4 Unsecured Creditors
----------------------------------------------------
Debtor: Stringer Farms, Inc.
        P. O. Box 1084
        Dumas, TX 79029

Case No.: 16-44821

Chapter 11 Petition Date: December 14, 2016

Court: United States Bankruptcy Court
       Northern District of Texas (Ft. Worth)

Judge: Hon. Russell F. Nelms

Debtor's Counsel: Jeff P. Prostok, Esq.
                  FORSHEY & PROSTOK, LLP
                  777 Main St., Suite 1290
                  Ft. Worth, TX 76102
                  Tel: 817-877-8855
                  E-mail: jpp@forsheyprostok.com
                          jprostok@forsheyprostok.com

Estimated Assets: $10 million to $50 million

Estimated Debts: $1 million to $10 million

The petition was signed by Charles Blake Stringer, president.

Debtor's List of Four Unsecured Creditors:

   Entity                          Nature of Claim   Claim Amount
   ------                          ---------------   ------------
Millspaugh Farms                     Trade Debt          $64,146

Gordon Haynes, Inc.                  Trade Debt          $61,101

Agrilogic                            Trade Debt          $37,247

CR3 Partners                         Trade Debt          $19,526


STUART ROBERT HANSEN: Jan. 23 Plan Confirmation Hearing
-------------------------------------------------------
Judge Thomas J. Catliota of the U.S. Bankruptcy for the District of
Maryland approved the second disclosure statement and amended plan
of reorganization filed by Robert Hansen and Mary Sue Hansen on
Oct. 17, 2016.

Jan 16, 2017, is fixed as the last day of filing written
acceptances or rejections of the plan.

Jan. 23, 2017, at 11:00 A.M. is fixed for the hearing on
confirmation of the plan to take place in Courtroom 3E of the U.S.
Bankruptcy Court, U.S. Courthouse, 6500 Cherrywood Lane, Greenbelt,
Maryland 20770.

Jan. 16, 2017, is fixed as the last day for filing and serving
written objections to confirmation of the Plan.

Stuart Robert Hansen and Mary Sue Hansen filed a petition under
Chapter 7 on Sept. 3, 2014.  The general goal of the case while
in
Chapter 7 was to liquidate all non-exempt assets, pay as much debt
as possible and discharge certain debts that the Debtors do not
have assets to satisfy. The case remained pending in Chapter 7
through June 2015, and since no assets had at that time yet been
liquidated, the Debtors converted this case to one under Chapter
11
on June 29, 2015 (Bankr. D. Md. Case No. 14-23744).


SUN PROPERTY: Wants Plan Filing Period Extended to July 12
----------------------------------------------------------
Sun Property Consultants, Inc. asks the U.S. Bankruptcy Court for
the Eastern District of New York to extend its exclusive periods
for filing a chapter 11 plan and soliciting acceptances to the plan
to July 12, 2017 and September 11, 2017, respectively.

The Debtor's exclusive plan filing period is currently set to
expire on January 13, 2017, while its exclusive solicitation period
is currently set to expire March 14, 2017.

The Debtor relates that it has been addressing numerous issues of
critical importance to the bankruptcy estate, including working to
stabilize the Debtor's business, restructure its financial
operations, and investigate claims against the Debtor's creditors
and third parties.  The Debtor further relates that it has reviewed
a substantial document production that was received from StanCorp
Investors LLC, the first mortgagee; TD Bank, the prior first
mortgagee; and Howard Greenberg, who purportedly represented the
Debtor in certain financial transactions.

The Debtor contends that it has reviewed those documents and
determined that the Debtor may have a viable claim to pursue the
recovery of funds from TD Bank as it was paid the sum of
approximately $4,350,000 from the financing between the Debtor and
StanCorp Investors LLC.  The Debtor further contends that the
transfer may be a fraudulent conveyance as there was no basis for
the first mortgage granted by the Debtor to TD Bank in or about
2003.

The Debtor says that it has also filed an application with the
Court to disallow the Proof of Claim filed by Atalaya Asset Income
Fund II LP.  The Debtor asserts that the motion was returnable
before the Court on December 1, 2016 and an evidentiary hearing may
be required.  The Debtor further says that the Court has entered a
Scheduling Order to provide for discovery.

The Debtor tells the Court that in order for it to form a Plan of
Reorganization, it will need at least a determination as to the
claim of Atalaya Asset Income Fund II LP and a further evaluation
of the potential litigation against TD Bank.

             About Sun Property Consultants, Inc.

Sun Property Consultants, Ltd., sought protection under Chapter 11
of the Bankruptcy Code (Bankr. E.D.N.Y. Case No. 16-72267) on May
23, 2016. The petition was signed by Rajesh K. Singh, authorized
representative. The Debtor is represented by Marc A. Pergament,
Esq., at Weinberg, Gross & Pergament LLP. The case is assigned to
Judge Louis A. Scarcella. At the time of the filing, the Debtor
estimated its assets at $10 million to $50 million and debt at $1
million to $10 million.

No Official Committee of Unsecured Creditors has been appointed in
the case.



SUNOCO LP: Moody's Cuts Corporate Family Rating to Ba3
------------------------------------------------------
Moody's Investors Service downgraded Sunoco LP's (SUN) Corporate
Family Rating to Ba3 from Ba2, its Probability of Default Rating to
Ba3-PD from Ba2-PD and its senior unsecured note rating to B1 from
Ba3. The rating outlook is stable.

"The downgrade reflects Moody's view that SUN will not be able to
reduce its leverage to below 4.0x over the next year -- our trigger
for a downgrade", stated Peter Trombetta, an AVP-Analyst at
Moody's. "We estimate SUN's leverage will approximate 5.0x at the
end of fiscal 2018 -- a level indicative of a lower rating",
Trombetta added. Following the March 2016 dropdown of the remaining
legacy Sunoco wholesale fuel distribution and legacy Sunoco retail
marketing businesses for $2.2 billion, the company has not been
able to reduce leverage due to weak operations in oil producing
regions of Texas and increased borrowings under its revolver to
fund acquisitions and growth capex. Weakness in operations and high
debt levels will also cause SUN's leverage to approach its 6.25x
covenant level at the end of 2016.

Ratings downgraded:

   -- Corporate Family Rating to Ba3 from Ba2

   -- Probability of Default Rating to Ba3-PD from Ba2-PD

   -- Senior unsecured rating to B1 (LGD5) from Ba3 (LGD5)

Ratings Affirmed:

   -- Speculative Grade Liquidity Rating, affirmed SGL-3

RATINGS RATIONALE

SUN's Ba3 Corporate Family Rating reflects the strength of the
Sunoco brand, it's geographic reach with company owned convenience
stores or distribution sites in over 30 states and its revenue
diversity that benefits from wholesale distribution of fuel which
is typically less volatile than retail sales. SUN's earnings stream
is likely to evidence resilience to cyclical economic conditions
reflecting relatively stable consumer demand for motor fuel and
value priced convenience items. SUN's ratings are constrained by
the company's high leverage -- which we expect will be above 5.0x
over the next two years -- its continuing acquisition appetite and
the company's susceptibility to swings in profitability due to the
volatility in fuel volumes and prices.

The stable rating outlook reflects our expectation that the company
will use a majority of its free cash flow and proceeds from its
equity issuance in 2017 to permanently reduce debt. "We expect this
will result in leverage approximating 5.0x by the end of 2018."
Moody's said.

An upgrade would require debt/EBITDA sustained below 4.5x and
EBIT/interest above 2.25x. An upgrade would also require at least
good liquidity. A downgrade could result if the company is not able
to reduce leverage to below 5.5x or if deterioration in operating
performance results in weakening of liquidity.

Sunoco LP (SUN) is a master limited partnership (MLP) that
distributes motor fuel to convenience stores, independent dealers,
commercial customers and distributors situated across 30 states.
SUN distributes its fuel and fuel products to approximately 6,900
convenience stores, independent dealers, commercial customers, and
distributors. The company also operates about 1,345 convenience
stores and retail fuel sites.

On August 29, 2014, Energy Transfer Partners (ETP, Baa3 negative)
acquired Susser Holdings Corporation (not rated), an owner/operator
of a retail motor fuel and convenience store system in the
southwestern US, and the general partner (GP) of the Susser
Petroleum Partners LP, (SUSP, not rated) MLP. Subsequently SUSP was
renamed Sunoco LP.

Pro forma for its recently announced acquisition of Energy Transfer
Partners (ETP), Sunoco Logistics Partners (SXL) owns an approximate
46% limited partnership (LP) interest in SUN. In a series of asset
dropdowns, ETP has contributed all of its Sunoco, Inc. legacy
retail and wholesale assets, and all of Susser's retail assets, to
SUN.

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


TALL CITY WELL: Siemens Financial Objects to Disclosure Statement
-----------------------------------------------------------------
Siemens Financial Services, Inc., filed a precautionary objection
to the disclosure statement and plan of reorganization proposed by
Tall City Well Service, L.P., dated Nov. 8, 2016.

As previously reported, the plan proposes to make a monthly payment
of $21,119 to Class 5 creditors. Class 5 is comprised of general
unsecured claims held by 92 creditors for goods or services
provided to the Debtor in amounts over $1,000, and which the Debtor
estimates total $1,481,879.  A copy of the disclosure statement is
available for free at https://is.gd/x5MB1z

Siemens Financial does not agree with the treatment of its claim in
the Chapter 11 Plan, complaining that the Debtor has not disclosed
all of the terms relevant to the Debtor's proposed treatment of
Siemens Financial's claim under the proposed plan in the disclosure
statement.

For these reasons, Siemens Financial objects to the Disclosure
Statement and reserves all of its rights to further object to
same.

Attorney for Siemens Financial Services, Inc.

     Ray Battaglia
     Law Offices of Ray Battaglia, PLLC
     66 Granburg Circle
     San Antonio, TX 78218
     Office: (210) 601-9405
     Email: rbattaglialaw@outlook.com

                  About Tall City Well Service 

Tall City Well Service, LP, filed a chapter 11 petition (Bankr.
W.D. Tex. Case No. 16-70079) on May 17, 2016, and is represented
by
Jesse Blanco Jr., Esq., in San Antonio, Tex.  This chapter 11 
proceeding is related to (but not jointly administered with) In
re 
J G Solis, Inc., (Bankr. W.D. Tex. Case No. 16-70080) also filed
on
May 17, 2016.  The petition was signed by Joel G. Solis,
partner. 
The Debtor estimated its assets and liabilities at $0 to $50,000
at
the time of the filing.


TAMPA HYDE PARK: Taps Leon Williamson as Counsel
------------------------------------------------
Tampa Hyde Park Cafe, LLC seeks authorization from the U.S.
Bankruptcy Court for the Middle District of Florida to employ Leon
A. Williamson, Jr. as counsel.

The Debtor requires the firm and Mr. Williamson to:

   (a) take all action necessary to protect and preserve the
       estate of the Debtor including the prosecution of actions
       on its behalf, and objecting to claims filed against the
       Estate, if appropriate;  

   (b) prepare, on behalf of the Debtor, applications, answers,
       orders, reports and papers, required in connection with the

       administration of the Estate;

   (c) counsel the Debtor with regard to its rights and
       obligations as Debtor in Possession;  

   (d) prepare and file schedules of assets and liability;

   (e) prepare and file a Plan of Reorganization and Disclosure
       Statement; and

   (f) perform all other necessary legal services in connection
       with this Chapter 11 case.

The Debtor's original counsel was W. Bart Meacham, Esq., who has
not had an application to be employed approved. Mr. Meacham and the
Debtor have determined that it is now in the best interest of the
Debtor to retain Williamson to act as counsel in this case.

The Debtor requests authority to pay Mr. Williamson a post-petition
fee and cost retainer of $7,500. The Debtor has these funds
available in the Debtor's court approved account, and these funds
do not constitute the cash collateral of any entity and are not
otherwise encumbered in any way.

The firm will also be reimbursed for reasonable out-of-pocket
expenses incurred.

Mr. Williamson 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 firm can be reached at:

       Leon A. Williamson, Jr., Esq.
       LAW OFFICE OF LEON A. WILLIAMSON, JR. P. A.
       306 South Plant Ave., Suite B        
       Tampa, FL 33606
       Tel: (813) 253-3109
       Fax: (813) 253-3215
       E-mail:  Leon@LwilliamsonLaw.com

Tampa Hyde Park Cafe LLC sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. M. D. Fla. Case No. 16-04868) on June 6,
2016.  The petition was signed by Thomas Ortiz, managing member.  

The Debtor is represented by W. Bart Meacham, Esq.

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.



TCR III: PCO Reviews Virginia Assets Buyer's Application
--------------------------------------------------------
Arthur E Peabody, Jr., the Patient Care Ombudsman ("PCO") for TCR
III, Inc., et al., files with the U.S. Bankruptcy Court for the
Eastern District of Virginia, his preliminary comments on the
Debtors' proposed purchase and sales agreement in connection with
the private sale of substantially all assets to VS Virginia, LLC
for amount sufficient to satisfy creditors' proofs of claim plus
$1,000,000.

Pursuant to statute, the role of the PCO is to monitor the quality
of patient care provided by the Debtor, to report to the court from
time to time concerning the level of care and treatment being
afforded to residents, to report to the Court if the PCO determines
that the care is deteriorating or is being otherwise compromised,
and to otherwise advocate for residents.

On Nov. 29, 2016, the Debtors filed a motion for an order approving
a private sale of the four assisted living facilities that are the
subject of this bankruptcy action.

The PCO will examine these:

   a. Qualified Buyer: The proposed sales agreement identified the
purchaser as VS Virginia.  He will examine whether VS Virginia is a
"qualified buyer," an entity with experience in operating health
care facilities with a record of affording adequate care or one
that is committed to and intends to make some business arrangement
with one that is qualified and enjoys the same record of affording
adequate care.

   b. Management and Staffing: The proposed sales agreement also
addresses the issue of staffing at the four facilities.  He says
the parties need to consider the retention of the current managers
of each of the facilities prior to closing as a means of ensuring
continuity of care for residents and providing assurance to
residents and their families that adequate care will be maintained.
A review of the staffing charts in PCO reports to the court
reflect that the staffing is minimally adequate and that on many
shifts a single individual has significant responsibility for all
residents.  Finally, steps and procedures are necessary to ensure
both staff and residents are fully informed of the commitment to
ensure adequate staffing, management, and care of residents.

   c. Notice to Resident and their Families: On Nov. 28, 2016, the
current owner of the facilities notified residents and their
families and the employees of each facility that "Amerisist is in
the process of selling the Amerisist of Front Royal, Manassas,
Orange, and Stephens City facilities."  He says residents and their
families need a more specific notice in order to make informed
judgments about their future plans.

The PCO will supplement his comments with greater specificity or
otherwise report to the Court his recommendations based on his
review of the proposed the Buyer's application for a license and
conversations that are contemplated with the buyer's
representatives.

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

        http://bankrupt.com/misc/TCR_III_233_Sales.pdf

                     About TCR III

TCR III, Inc. (f/k/a America House One, Inc.) (the "Manassas"
location); TCR IV, Inc. (f/k/a America House Two, Inc.) (the
"Orange" location); TCR V, Inc. (f/k/a America House Three, Inc.)
(the "Stephens City" location); TCR VI, Inc.; and America House
Assisted Living of Front Royal, L.L.C. (the "Front Royal"
location), filed separate Chapter 11 bankruptcy petitions (Bankr.
E.D. Va. Case Nos. 15-14162, 15-14163, 15-14165, 15-14168 and
15-14169) on Nov. 24, 2015.  The Debtors operate senior care
facilities. The Hon. Brian F. Kenney presides over the cases.
Lawyers at Sands Anderson PC, serve as counsel to the Debtors.

TCR III estimated $1 million to $10 million in both assets and
liabilities.  The petitions were signed by Charles V. Rice,
president.


TEMPLE SQUARE: U.S. Trustee Unable to Appoint Committee
-------------------------------------------------------
The Office of the U.S. Trustee on Dec. 15 disclosed in a court
filing that no official committee of unsecured creditors has been
appointed in the Chapter 11 case of Temple Square Properties, LLC.

                 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.


TESORO CORPORATION: Moody's Rates $1.6BB Unsec. Notes 'Ba2'
-----------------------------------------------------------
Moody's Investors Service assigned Ba2 ratings to Tesoro
Corporation's (Tesoro) proposed two tranches of senior unsecured
notes due 2023 and 2026 totaling $1.6 billion. Tesoro's Ba1
Corporate Family Rating (CFR), Ba1-PD Probability of Default Rating
(PDR) and credit ratings on outstanding debt are unchanged. The
outlook remains positive.

Tesoro plans to use the notes proceeds together with balance sheet
cash and borrowings under its revolver to fund the cash
consideration, expenses and other amounts payable related to the
announced acquisition of Western Refining, Inc. (WNR, B1 ratings
under review for upgrade) and to repay the debt at WNR and its
subsidiaries, including Northern Tier Energy, LLC (NTE, B1 ratings
under review of upgrade).

"The proposed notes offering will fund a portion of the pending WNR
acquisition, while taking advantage of favorable market
conditions," commented Arvinder Saluja, Moody's Vice President --
Senior Analyst.

Issuer: Tesoro Corporation

Ratings Assigned:

   -- Senior Unsecured Notes due 2023, Assigned at Ba2 (LGD4)

   -- Senior Unsecured Notes due 2026, Assigned at Ba2 (LGD4)

RATINGS RATIONALE

Tesoro's senior unsecured notes are rated Ba2, one notch below the
Ba1 Corporate Family Rating, because of their contractual
subordination to Tesoro's recently upsized $3 billion secured
revolving bank credit facility. The revolver contains a security
fall away provision in the event Tesoro achieves an investment
grade rating from either Moody's or Standard and Poor's. The
revolver matures September 2020 and is secured by substantially all
of Tesoro's crude oil and refined product inventories plus cash and
receivables of its active domestic subsidiaries.

Tesoro's Ba1 CFR reflects its reasonably large and diversified
refining portfolio focused on the US West Coast and Midcontinent
region, with meaningful logistics and retail assets that are well
integrated into its refining system. Its distributions from Tesoro
Logistics have become meaningful and are expected to increase,
which will further diversify Tesoro's EBITDA generation. The
company benefits from a good liquidity profile and sound financial
policy when considering the inherent cyclicality and volatility in
the refining sector and a rising capital spending program. The
ratings are constrained by weakness in refining margins and by the
increase in leverage related to the acquisition of WNR and, to some
extent, integration risk. Tesoro also has significant crude
distillation capacity concentrated in California, where it faces a
strict regulatory environment despite the West Coast crack spreads
which we expect will be more favorable in 2017 relative to
elsewhere in the US.

The pending acquisition of WNR is credit positive despite the
modest increase in leverage. "We expect Tesoro's consolidated debt
to EBITDA to remain under 2.75x in 2017, although weakness in crack
spreads is likely to continue into at least the first half of next
year." Moody's said. The acquisition also provides strategic
benefits, including increased scale and crude sourcing advantages,
exposure to PADD II and PADD III markets with associated logistics
assets serving existing WNR refineries, and a potentially material
amount of commercial, operational, and financial synergies.
Nonetheless, the achievement of synergies would not be immediate
and entails integration and execution risk in a volatile
environment for refining margins and crude prices. The transaction
is subject to regulatory approvals.

Tesoro's SGL-2 rating reflects its good liquidity profile, based on
the company's expected free cash flow generation through 2017 and
healthy cash balances. As of September 30, 2016, Tesoro had $890
million in cash (excluding cash at TLLP) and nearly full
availability under its $2 billion secured revolving credit facility
due September 2020, net of $4 million in outstanding letters of
credit. The revolver was upsized in December 2016 to $3 billion,
while maintaining the same terms and maturity date. The company
expects to borrow $550 million under the revolver to fund the WNR
acquisition. Availability under the revolver is not subject to
borrowing base redeterminations. Covenant clearance on minimum
interest coverage and maximum debt/capitalization ratios is
expected to remain adequate in 2017 following the acquisition. As
of September 30, 2016, the company also had $44 million letters of
credit outstanding under uncommitted letter of credit agreements
for foreign crude oil purchases. Tesoro has an ongoing annual
dividend of about $250 million, which could increase by up to
one-third following the acquisition. As of September 30, Tesoro had
a combined $1.1 billion remaining under its authorized share
repurchase programs. Tesoro's next upcoming debt maturity is
October 1, 2017 when $450 million of unsecured notes come due.

The positive outlook reflects Moody's expectation that Tesoro will
generate strong levels of free cash flow, aided by meaningful and
increasing contributions from TLLP and WNRL, to support improved
credit metrics, while also balancing returning excess cash flow to
shareholders. The ratings could be upgraded if the company
demonstrates clear evidence of successful integration, if it is
expected to sustain leverage below 2.5x beyond 2017, and if it
maintains minimal amount of secured debt in its capital structure.
The combined company needs to show continuation of relatively
conservative financial philosophy, which balances targeting
supportive credit metrics and returning excess cash to
shareholders. In addition, for an upgrade, Tesoro would have to
demonstrate a plan for delevering the combined company as the
amount of assumed debt from this transaction is greater than at
Tesoro (before considering the debt at its logistics subsidiary,
Tesoro Logistics LP or TLLP, or at WNRL). The ratings could be
downgraded if the integration leads to material operational
disruption. Tesoro's ratings could also be negatively impacted as a
result of materially increased leverage (resulting in retained cash
flow to debt sustained below 10%, outside of a short term cyclical
low) arising from any combination of significant unscheduled
downtime, weaker than expected liquidity, or additional debt funded
acquisitions or share repurchases.

The principal methodology used in these ratings was Refining and
Marketing Industry published in November 2016.

Tesoro Corporation is an independent US refining and marking
company headquartered in San Antonio, Texas.



TI FLUID: S&P Lowers Rating on Senior Secured Debt to 'BB-'
-----------------------------------------------------------
S&P Global Ratings said that it has reviewed its recovery and
issue-level ratings on TI Fluid Systems Ltd. (at its borrower TI
Group Automotive Systems LLC) that were labeled as "under criteria
observation" (UCO) after publishing its revised recovery ratings
criteria on Dec. 7, 2016.  With S&P's criteria review complete, it
is removing the UCO designation from these ratings and are lowering
its ratings on TI's senior secured debt to 'BB-' from 'BB'.

Additionally, S&P is affirming its 'B' issue-level ratings on the
company's senior unsecured debt.

These rating actions stem solely from the application of S&P's
revised recovery criteria and do not reflect any change in its
assessment of its corporate credit rating on TI Fluid Systems.

RATINGS LIST

TI Fluid Systems Ltd.
Corporate Credit Rating                BB-/Stable/--

Issue Ratings Lowered; Recovery Ratings Revised Due To Revised
Recovery Rating
Criteria For Speculative-Grade Corporate Issuers
                                        To                 From
TI Group Automotive Systems LLC
Senior Secured
  EUR325 mil term bank                  BB-                BB
  ln due 06/24/2022
   Recovery rating                      3L                 2L
  US$1.065 bil term bank                BB-                BB
  ln due 06/24/2022
   Recovery rating                      3L                 2L
  US$125 mil revolver bank              BB-                BB
  ln due 06/25/2020
   Recovery rating                      3L                 2L

Issue Ratings Affirmed; Recovery Ratings Unchanged

Omega NewCo Sub Inc.
TI Group Automotive Systems LLC
Senior Unsecured
  US$450 mil 8.75% sr                   B
  nts due 07/15/2023
   Recovery rating                      6


TLC HEALTH NETWORK: Court Allows Continued Cash Collateral Use
--------------------------------------------------------------
Judge Carl L. Bucki of the U.S. Bankruptcy Court for the Western
District of New York, authorized TLC Health Network, to use cash
collateral in which Brooks Memorial Hospital, Community Bank, N.A.,
UPMC, and the Dormitory Authority of the State of New York have an
interest.

Judge Bucki also authorized the Debtor to incur certain
post-petition indebtedness on a secured and super-priority basis
from Brooks Memorial Hospital in an aggregate amount equal to the
amounts in the Revised Budget.

The approved Budget for the week beginning December 12, 2016
provides for total operating expenses of $244,000, and payroll in
the amount of $23,000.

The Debtor's authority to use cash collateral will terminate on the
earliest to occur of:

      (a) December 19, 2016;

      (b) Debtor's failure to comply with the terms of the
Sixteenth Amended Final Order;

      (c) a sale or refinancing of substantially all of its assets
is proposed by the Debtor without the written consent of Brooks
Memorial that would not indefeasibly pay the indebtedness in full
in cash;

      (d) any other motion is filed by the Debtor for any relief
directly or indirectly affecting the Collateral in a material
adverse manner;

      (e) the Debtor's failure to propose a plan of reorganization
or liquidation acceptable to Brooks Memorial in all respects, on or
before December 19, 2016;

      (f) entry by the Court of an order reversing, amending,
supplementing, staying, vacating or otherwise modifying the terms
of the Order without the written consent of Brooks Memorial;

      (g) sale, pledge, assignment or hypothecation of all or
substantially all of the collateral;

      (h) the conversion of the Debtor's bankruptcy case to a case
under Chapter 7 pf the Bankruptcy Code;

      (i) the appointment of a trustee or examiner or other
representative with expanded powers for the Debtor; or

      (j) the occurrence of the effective date or consummation of a
plan of reorganization.

The Debtor and the Official Committee of Unsecured Creditors were
directed to:

     (a) keep Brooks Memorial apprised of and included in the
negotiations surrounding and leading up to a refinancing or Sale
Transaction;

     (b) allow representatives of Brooks Memorial to participate in
calls or meetings with prospective bidders or investors, subject to
the consent of the prospective bidders or investors, at the request
of Brooks Memorial; and

     (c) share letters of intent, offers, draft agreements with
Brooks Memorial throughout the refinancing or sale transaction
process.

A further hearing approving the Debtor's use of cash collateral
will be held on December 19, 2016 at 1:00 p.m.

A full-text copy of the Sixteenth Amended Final Order, dated
December 13, 2016, is available at https://is.gd/eYF18O

                       About TLC Health Network

TLC Health Network filed a Chapter 11 petition (Bankr. W.D.N.Y.
Case No. 13-13294) on Dec. 16, 2013.  The petition was signed by
Timothy Cooper as Chairman of the Board.  The case is assigned to
the Hon. Carl L. Bucki.

The Debtor estimated assets of at least $10 million and debt of at
least $1 million.

Jeffrey A. Dove, Esq., at Menter, Rudin & Trivelpiece, P.C., serves
as the Debtor's counsel.  Damon & Morey LLP is the Debtor's special
health care law and corporate counsel.  The Bonadio Group is the
Debtor's accountants.  Howard P. Schultz & Associates, LLC is the
Debtor's appraiser.

A three-member panel composed of Cannon Design, Chautauqua
Opportunities, Inc., and Jamestown Rehab Services has been
appointed as the official unsecured creditors committee.  Bond,
Schoeneck & King, PLLC is the counsel to the Committee.  The
Committee has tapped NextPoint LLC as financial advisor.


TOWN & COUNTRY: Hires Miller & Miller as Attorneys
--------------------------------------------------
Town & Country Chimney Service, Inc. seeks authorization from the
U.S. Bankruptcy Court for the District of Maryland to employ Edward
M. Miller and Miller & Miller, LLP as attorneys.

The Debtor requires Miller & Miller to:

   (a) advise the Debtor with respect to its powers and duties as
       debtor and debtor-in possession;

   (b) prepare and file Motion for Debtor's Use of Cash Collateral

       and to Provide Adequate Protection to lien creditors
       immediately after the filing of the case;

   (c) negotiate with representatives of creditors and other
       parties in interest and advise and consult on the conduct
       of the case, including all legal and administrative
       requirements of Chapter 11;

   (d) take all necessary action to protect and preserve the
       Debtor's estate, including the prosecution of actions on
       its behalf, the defense of any actions commenced against
       the estate, negotiations concerning all litigation in which

       the Debtor may be involved, and objections to claims filed
       against the estate;  

   (e) prepare on behalf of the Debtor all motions, applications,
       answers, orders, reports, and papers necessary to the
       administration of the estate;

   (f) negotiate and prepare on the Debtor's behalf one or more
       plans of reorganization, a disclosure statement, and all
       related agreements and/or documents and take any necessary
       action on behalf of the Debtor to obtain confirmation of
       such plans;

   (g) advise the Debtor in connection with the sale or other
       disposition of assets;

   (h) appear before this Court, any state court in any matters
       related to this case, any appellate courts, and the U.S.
       Trustee, and protect the interest of the Debtor's Estate
       before them and provide necessary legal advice to the
       Debtor in connection with its Chapter 11 case.

The rate to be applied to this case will be $225 per hour and will
remain fixed for the life of the case.

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

Miller & Miller's initial retainer of $7,000 will be paid as
follows:

$4,000 has been paid by the Debtor with $3,000 to be paid by
December 8, 2016.  The initial retainer is intended to cover
professional services to be rendered and expenses to be charged in
connection with the services to be provided to the Debtor.  Miller
& Miller have rendered services in excess of the amount of $2,950
as of the date of this Application, which is to be paid from the
Debtor's initial retainer.

Edward M. Miller 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.

Miller & Miller can be reached at:

       Edward M. Miller, Esq.
       MILLER & MILLER, LLP
       39 N. Court St.
       Westminster, MD 21157
       Tel: (410) 751-5444
       E-mail: mmllplawyers@verizon.net

              About Town & Country Chimney Service

Town & Country Chimney Service, Inc., a Maryland corporation,
provides chimney cleaning and restoration services to commercial
and residential clients.  Annual gross revenues is $795,000.  Its
assets consist primarily of cash, a nominal amount of accounts
receivable, equipment, and vehicles.  The Company operates from a
leased space in Sykesville, Maryland.

Town & Country Chimney Service filed a chapter 11 petition (Bankr.
D. Md. Case No. 16-25263) on Nov. 17, 2016.  The Debtor is
represented by Edward M. Miller, Esq., at Miller & Miller, LLP.



TREND COMPANIES: Unsecureds To Get $75,000 in Five Years
--------------------------------------------------------
The Trend Companies of Kentucky, Inc., filed with the U.S.
Bankruptcy Court for the Western District of Kentucky a disclosure
statement for the Debtor's plan of reorganization  filed on Nov.
30, 2016.

Class 3-A consists of all allowed unsecured claims against the
Debtor that are not administrative claims, priority tax claims,
priority claims, secured claims, or cure claims, and for which the
creditor claims it has a secured claim in collateral that was never
property of the Debtor.  Upon the plan proponent's information and
belief, as of November 30, the plan proponent estimates that there
are three claims entitled to treatment as Class 3-A Claims, and
that the total amount of Class 3-A Claims is approximately
$109,299.65.

Class 3-B consists of unsecured claims against the Debtor that are
not administrative claims, priority tax claims, priority claims,
secured claims, or cure claims, and for which the creditor filed a
valid UCC Financing Statement but the claim is nonetheless
unsecured because the value of the creditor's interest is less than
the amount of allowed claim.  Upon the plan proponent's information
and belief, as of November, the plan proponent estimates that there
are four claims entitled to treatment as Class 3-B Claims, and that
the total amount of Class 3-B Claims is $78,184.74.

The projected Class 3-B Claims are:

   Core Capital                           $53,823
   Jefferson County Federal Credit Union     $189.42
   Mark E. Lynn, Trustee                   $8,560.32  
   Windset Capital Corp.                  $53,612

Class 3-C consists of all remaining allowed unsecured claims
against the Debtor that are not administrative claims, priority tax
claims, priority claims, secured claims, or cure claims, and are
neither Class 3-A nor Class 3-B Claims.  Upon the plan proponent's
information and belief, as of the date the Plan is proposed, the
plan proponent estimates that there are 50 claims entitled to
treatment as Class 3-C Claims, and that the total amount of Class
3-C Claims is approximately $1,352,372.79.

Class 3A, 3B, and 3C – Allowed Unsecured Claims are impaired
under the Plan.  Between the Effective Date and the date that is
five years after the Effective Date, the Debtor will make the sum
total of $75,000 available for distributions to holders of allowed
Class 3-A, 3B, and 3-C Claims.

Commencing 30 days after the Effective Date and continuing every 90
days thereafter, each holder of an allowed Class 3-A, 3-B, and 3-C
Claim will receive cash payments from the Debtor representing all
or a portion of the holder's pro rata share of the funds available
for distribution to members of Class 3.

Upon entry of the confirmation court order, the Debtor will
continue to operate its business and manage its assets, which will
generate income projected to be sufficient for the Debtor to meet
its ongoing expenses and obligations contemplated under the Plan.

The Disclosure Statement is available at:

           http://bankrupt.com/misc/kywb16-30258-106.pdf
  
The Plan was filed by the Debtor's counsel:

     Neil C. Bordy, Esq.
     Keith J. Larson, Esq.
     SEILLER WATERMAN LLC
     Meidinger Tower – 22nd Floor
     462 S. Fourth Street
     Louisville, Kentucky 40202
     Tel: (502) 584-7400
     Fax: (502) 583-2100
     E-mail: bordy@derbycitylaw.com

The Trend Companies of Kentucky, Inc., is a Kentucky corporation
and engages in the business of servicing and installing home
appliances in the Kentuckiana region.  The Debtor currently employs
approximately 15 employees.  The Debtor's directors are Joe
Dumstorf, Linda Dumstorf, Lior Yaron, and James Smith.  Joe
Dumstorf is President, Lior Yaron is Secretary, and Linda Dumstorf
is Vice President.

The Debtor filed a Chapter 11 petition (Bankr. W.D. Ky. Case
No.16-30258), on Feb. 3, 2016.  The petition was signed by Joseph
Dumstorf, president.  The case is assigned to Judge Alan C. Stout.
The Debtor is represented by Neil Charles Bordy, Esq., at Seiller
Waterman LLC.  At the time of filing, the Debtor estimated assets
at $500,000 to $1 million and liabilities at $1 million to $10
million.


TRI-VALLEY LEARNING: Hires Pachulski Stang as Counsel
-----------------------------------------------------
Tri-Valley Learning Corporation asks for permission from the U.S.
Bankruptcy Court for the Northern District of California to employ
Pachulski Stang Ziehl & Jones LLP as general bankruptcy counsel,
nunc pro tunc to the November 8, 2016 petition date.

The Debtor requires Pachulski Stang to:

   (a) take necessary or appropriate actions to protect and
       preserve the Debtor's estate, including the prosecution of
       actions on the Debtor's behalf, the defense of any actions
       commenced against the Debtor, the negotiation of disputes
       in which the Debtor is involved, and the preparation of
       objections to claims filed against the Debtor's estate;

   (b) provide legal advice with respect to the Debtor's powers
       and duties as a Debtor in possession in the continued
       operation of its business and management of its property;

   (c) prepare on behalf of the Debtor any necessary applications,

       motions, answers, orders, reports, and other legal papers;

   (d) appear in Court on behalf of the Debtor;

   (e) prepare and pursue confirmation of a plan and approval of a

       disclosure statement, and such further actions as may be
       required in connection with the administration of the
       Debtor's estate; and

   (f) act as general bankruptcy counsel for the Debtor and
       perform all other necessary or appropriate legal services
       in connection with the Chapter 11 case.

Pachulski Stang will be paid at these hourly rates:

       Debra Grassgreen             $950
       Jeffrey N. Pomerantz         $925
       John Lucas                   $675
       Steve Golden                 $425
       Paralegals                   $325

Pachulski Stang will also be reimbursed for reasonable
out-of-pocket expenses incurred.

Pachulski Stang received payments from the Debtor during the year
prior to the petition date in the approximate amount of $150,000
including the filing fee for this case, in connection with its
prepetition representation of the Debtor.

Johwn W. Lucas, partner of Pachulski Stang, 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.

Pachulski Stang can be reached at:

       Jeffrey N. Pomerantz, Esq.
       Debra I. Grassgreen, Esq.
       John W. Lucas, Esq.
       PACHULSKI STANG ZIEHL & JONES LLP
       150 California Street, 15th Floor
       San Francisco, CA  94111-4500
       Tel: (415) 263-7000
       Fax: (415) 263-7010
       E-mail: jpomerantz@pszjlaw.com
               dgrassgreen@pszjlaw.com
               jlucas@pszjlaw.com

                    About Tri-Valley Learning

Tri-Valley Learning Corporation is a non-profit corporation that
owns, manages and operates four charter schools.

The Debtor sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. N. D. Calif. Case No. 16-43112) on November 8, 2016.
The petition was signed by Lynn Lysko, chief executive officer.  

The case is assigned to Judge Charles Novack.

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



TUSCANY ENERGY: Court OKs Continued Use of Cash Collateral
----------------------------------------------------------
Judge Erik P. Kimball the U.S. Bankruptcy Court for the Southern
District of Florida authorized Tuscany Energy, LLC to use Armstrong
Bank's cash collateral on an interim basis through January 10,
2017.

The Debtor was authorized to use Cash Collateral in the amounts
consistent with the approved Budget to pay actual and necessary
ordinary course operating expenses.  

Judge Kimball approved the Debtor's cash operating plan for the
period December 11, 2016 through January 10, 2017, which provides
for total lease operating expenses of $58,233 and total
administrative expenses of $5,200.

Donald Sider's Management Fee was reduced each month, so that
although the Manager will accrue a Management Fee of $15,000 per
month, the Debtor will only actually pay as much as will leave the
Debtor at least $500 positive cash flow for the month until final
hearing on the Cash Collateral Motion.  The approved Budget
provides year-end Holiday bonuses to the Debtor's employees in a
total amount not to exceed $3,250.

Armstrong Bank was granted replacement liens to the same extent and
priority that Armstrong Bank held a properly perfected pre-petition
security interest.

Judge Kimball directed the Debtor to maintain the dollar value of
$141,000 in cash and $76,000 in accounts receivable, subject to a
reduction for the Holiday Bonuses, such that on the date of the
Interim Hearing the Debtor will have at least a total of $217,000
in its Cash Collateral Pool.

The Debtor was also directed to continue to maintain insurance
coverage in amounts and against reasonable risks as required by
Armstrong Bank, with such insurance policies reflecting Armstrong
Bank as loss payee and the US Trustee as a notice party.

An interim hearing on the Debtor's continued use of cash collateral
is scheduled on January 4, 2017 at 2:00 p.m.

A full-text copy of the 12th Interim Order, dated December 13,
2016, is available at https://is.gd/rsBSuQ

                    About Tuscany Energy, LLC.

Tuscany Energy LLC filed for Chapter 11 bankruptcy protection
(Bankr. S.D. Fla. Case No. 16-10398) on Jan. 11, 2016.  The
petition was signed by Donald Sider, manager.  The case is assigned
to Judge Erik P. Kimball.  The Debtor is represented by Bradley S.
Shraiberg, Esq., at Shraiberg, Ferrara, & Landau P.A.  At the time
of the filing, the Debtor estimated assets at $100,000 to $500,000
and liabilities at $1 million to $10 million.

The Office of the U.S. Trustee disclosed in a court filing that no
official committee of unsecured creditors has been appointed in the
Chapter 11 case of Tuscany Energy, LLC.


TWENTYEIGHTY INC: Moody's Cuts Corporate Family Rating to Ca
------------------------------------------------------------
Moody's Investors Service downgraded TwentyEighty, Inc.'s
("TwentyEighty") Probability of Default Rating (PDR) to Ca-PD/LD
from Caa3-PD and Corporate Family Rating (CFR) to Ca from Caa3. The
limited default "LD" designation appended to TwentyEighty's PDR
reflects that the missed interest payment constitutes a default
under Moody's definition. The limited default designation will
remain until the company resolves the missed payment or concludes
current restructuring process. Concurrently, the rating on the
first lien credit facility (revolver and term loan) was downgraded
to Ca from Caa2. The ratings outlook remains negative.

The downgrade reflects TwentyEighty's missed December 2, 2016
interest payment on its senior secured first lien credit facility
and the subsequent failure to make the payment within the 3-day
grace period that expired on December 5, 2016. Moody's views this
as a limited default as it represents a default of only one class
of debt of the company's capital structure.

The Ca CFR and the Ca rating on the company's senior secured first
lien debt incorporate Moody's estimate of a family loss-given
default (LGD) rate of approximately 35%, which is below average
family recovery rate.

The following rating actions were taken:

   Issuer: TwentyEighty, Inc.:

   -- Corporate Family Rating, downgraded to Ca from Caa3

   -- Probability of Default Rating: downgraded to Ca-PD/LD from
      Caa3-PD

   -- $40 million senior secured revolving credit facility due
      2018, downgraded to Ca (LGD4) from Caa2 (LGD3)

   -- $136 million senior secured term loan B due 2019, downgraded

      to Ca (LGD4) from Caa2 (LGD3)

   -- $223 million senior secured term loan B due 2019, downgraded

      to Ca (LGD4) from Caa2 (LGD3)

   -- Outlook: Negative

RATINGS RATIONALE

TwentyEighty's Ca Corporate Family Rating reflects the company's
weak operating performance, deteriorating liquidity, execution
challenges in integrating the 2013 acquisition of Informa plc's
Performance Improvement ("PI") business, as well as Moody's
expectation that a material near-term reversal in the negative
operating trends is unlikely. The rating also incorporates the
heightened potential for a financial restructuring in the near term
following the company's failure to make its December 2, 2016
interest payment with the 3-day grace period. The company is
engaged in discussion with its lenders regarding ways to address
its current capital structure and liquidity. The company's capital
structure is unsustainable at current weak levels of operating
performance. The company's leverage is very high, estimated at over
10.0 times (Moody's adjusted) as of September 30, 2016. "We expect
that earnings will remain under pressure over the next 12-18
months, and as such, credit metrics will remain very weak." Moody's
said.

The negative outlook reflects the strong potential of a near-term
financial restructuring of TwentyEighty's first lien debt and
unsecured seller notes on distressed terms.

Should the company execute a formal reorganization under the U.S.
Bankruptcy Code, ratings could be downgraded further. Additionally,
ratings could be downgraded if Moody's view of recovery changes.

The ratings are unlikely to be upgraded without successful
reduction of debt to more sustainable levels that does not result
in a material loss to the lenders, as well as meaningful
improvement in liquidity.

Privately held by Providence Equity Partners, TwentyEighty provides
sales, leadership and project management training, as well as
credit analysis instruction to corporate customers. The company
generated revenues for the twelve months ended September 30, 2016
of approximately $257 million.

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


ULTRA PETROLEUM: Unsecureds To Be Paid in Full in 6 Months
----------------------------------------------------------
Ultra Petroleum Corp. filed with the U.S. Bankruptcy Court for the
Southern District of Texas a disclosure statement for its joint
chapter 11 plan of reorganization, dated Dec 6, 2016.

The Debtors' discussions with their stakeholders were ultimately
successful.  After
extensive negotiations, on November 21, 2016, the Debtors and
entities holding a majority of HoldCo's common stock and a
substantial majority of HoldCo's outstanding unsecured notes agreed
to the terms of a restructuring set forth in a Plan Support
Agreement.  The transaction memorialized in the Plan contemplates a
$580 million rights offering backstopped by certain of the
Consenting HoldCo Noteholders and the Consenting HoldCo
Equityholders, the equitization of nearly $1.3 billion in HoldCo
Notes, a significant recovery to holders of Existing HoldCo Common
Stock in the form of equity, the satisfaction of all of OpCo's
Allowed funded indebtedness, Allowed General Unsecured Claims
against OpCo (including trade creditor claims), Allowed
Administrative Claims, and Allowed Priority Claims.

Under the Plan, the Settlement Plan Value of the Ultra Entities
will be $6.0 billion; provided, that if the average closing price
of the 12-month forward Henry Hub natural gas strip price during
the seven trading days preceding the commencement of the Rights
Offering solicitation is: (i) greater than $3.65/MMBtu, the Plan
Value will be $6.25 billion; or (ii) less than $3.25/MMBtu, the
Plan Value will be $5.5 billion.

Assuming a Settlement Plan Value of $6 billion, holders of Existing
HoldCo Common Stock will receive their Pro Rata share of 41 percent
of the New Common Stock on the Effective Date, subject to
adjustment as provided in the Plan if the Settlement Plan Value is
$6.25 billion or $5.5 billion, and subject to dilution on account
of the Management Incentive Plan, and rights to participate in the
Rights Offering for 5.4 percent of the New Common Stock, exclusive
of New Common Stock issued on account of the Commitment Premium and
subject to dilution on account of the Management Incentive Plan.

Holders of Allowed OpCo Note Claims and Allowed OpCo RCF Claims
will receive their Pro Rata share of $2.0 billion of New OpCo Notes
plus Cash in an amount equal to the difference between the
aggregate Allowed amount of their respective OpCo Note Claims or
Allowed OpCo RCF Claims, as applicable, and the amount of New OpCo
Notes distributed to such holders.  Holders of Allowed OpCo Note
Claims and Allowed OpCo RCF Claims may elect into a distinct Class
under which these holders may receive a larger share of their
recovery in Cash in the event that the Class of such electing
holders votes to accept the Plan.

Holders of Allowed General Unsecured Claims will, depending on the
entity against which such General Unsecured Claim is Allowed and
the nature of such General Unsecured Claim, be paid in full in Cash
on, or in some circumstances within 6 months of, the Effective
Date, or in some circumstances shall receive such other treatment
rendering certain claims Unimpaired.

The Debtors intend to fund distributions under the Plan with: (a)
the Debtors' Cash on hand; (b) Reorganized HoldCo's issuance of the
New Common Stock; (c) Reorganized OpCo's issuance of the New OpCo
Notes and Additional New OpCo Notes, if any; and (d) the proceeds
of the Rights Offering.
  
A full-text copy of the Disclosure Statement is available at:

      http://bankrupt.com/misc/txsb16-32202-818.pdf

                About Ultra Petroleum

Houston, Texas-based Ultra Petroleum Corp. (OTC Pink Marketplace:
"UPLMQ") is an independent oil and gas company engaged in the
development, production, operation, exploration and acquisition of
oil and natural gas properties.

On April 29, 2016, Ultra Petroleum Corp. and seven subsidiary
companies filed petitions (Bankr. S.D. Tex.) seeking relief under
chapter 11 of the United States Bankruptcy Code.  The Debtors'
cases have been assigned to Judge Marvin Isgur.  These cases are
being jointly administered for procedural purposes, with all
pleadings filed in these cases will be maintained on the case
docket for Ultra Petroleum Corp. Case No. 16-32202. 

Ultra Petroleum disclosed total assets of $1.28 billion and total
liabilities of $3.91 billion as of March 31, 2016.  

James H.M. Sprayregen, P.C., David R. Seligman, P.C., Michael B.
Slade, Esq., Christopher T. Greco, Esq., and Gregory F. Pesce,
Esq., at Kirkland & Ellis LLP; and Patricia B. Tomasco, Esq.,
Matthew D. Cavenaugh, Esq., and Jennifer F. Wertz, Esq., at
Jackson
Walker, L.L.P., serve as co-counsel to the Debtors.  Rothschild
Inc. serves as the Debtors' investment banker; Petrie Partners
serves as their investment banker; and Epiq Bankruptcy Solutions,
LLC, serves as claims and noticing agent.

The Office of the U.S. Trustee has appointed seven creditors of
Ultra Petroleum Corp. to serve on an Official Committee of
Unsecured Creditors.  The Committee tapped Weil, Gotshal &
Manges
LLP as its legal counsel; Opportune LLP as advisor; and PJT
Partners LP as its financial advisor.


UNITED AUTOMOBILE: A.M. Best Lowers Issuer Credit Rating to 'ccc'
-----------------------------------------------------------------
A.M. Best has downgraded the Long-Term Issuer Credit Rating
(Long-Term ICR) to "ccc" from "ccc+" and affirmed the Financial
Strength Rating (FSR) of C (Weak) of United Automobile Insurance
Company (UAIC) (Miami Gardens, FL). The outlook of the FSR was
revised to negative from stable while the outlook of the Long-Term
ICR remains negative. Concurrently, A.M. Best has withdrawn the
ratings at the request of the company to no longer participate in
A.M. Best's interactive rating process.

The downgrade of UAIC's Long-Term ICR reflects the company's
continuing deterioration in earnings and risk-adjusted
capitalization, as well as the decline in policyholders' surplus.
Over the latest five-year period, UAIC reported cumulative
underwriting and operating losses that resulted in negative pre-tax
returns on revenue, and combined and operating ratios that compared
unfavorably with the non-standard auto composite. Significant
reserve strengthening occurred in most of the past five years,
related to the personal injury protection (PIP) line in Florida and
to adverse loss reserve development from its Texas operations.
Furthermore, the company's elevated net underwriting leverage,
limited product offering and geographic concentration has exposed
the company's policyholders' surplus to unfavorable judicial
actions and regulatory actions.


US STEEL: Enters Into Plan Sponsor Agreement with Bedrock
---------------------------------------------------------
Stelco on Dec. 9, 2016, disclosed that it has entered into an
Acquisition and Plan Sponsor Agreement ("PSA") with Bedrock
Industries Group LLC ("Bedrock") that is intended to set the
framework for a proposed restructuring transaction (the "Proposed
Transaction") between the Company, Bedrock and other key
stakeholders, and that it is seeking approval from the Ontario
Superior Court of Justice to move forward to finalize the terms of
the Proposed Transaction by way of a plan of arrangement under the
Companies' Creditors Arrangement Act ("CCAA").  Stelco, formerly
U.S. Steel Canada, has been operating under CCAA protection since
being granted an initial stay of proceedings in September of 2014.
The stay period was recently extended to March 31, 2017.

"Entering into a PSA with Bedrock is a major step forward as
efforts to reach a going-concern transaction keep gaining
momentum," said Bill Aziz, Chief Restructuring Officer, Stelco.
"Constructive engagement from interested stakeholders is welcomed
and appreciated.  At Stelco, our focus continues to be on working
with Bedrock and other stakeholders to complete the
court-supervised restructuring, subject to various approvals."

The Province of Ontario, U. S. Steel and United Steelworkers Local
8782 and 8782(B) each previously reached separate agreements in
principle with Bedrock, all subject to various conditions, which
form the basis of the Proposed Transaction reflected in the PSA.
The Province of Ontario has also agreed with Stelco to support the
pursuit of the Proposed Transaction contemplated by the PSA.

Ernst & Young Inc., as the Court-appointed Monitor, continues to
oversee the business and financial affairs of the company during
the CCAA process.  Current Court filings and other information
relevant to the restructuring process is available on its Web site
at http://www.ey.com/ca/USSC. Stelco will continue to provide
updates as developments warrant.

                           About Stelco.

Powered by Canadian craftsmanship, Stelco's operations in Hamilton
and Nanticoke reflect the strength of each community.  Together
employing more than 2,200 people, these full integrated,
industry-leading facilities are among the most safe,
environmentally progressive, and productive steel plants in the
world.  Hamilton Works is located on the shore of Lake Ontario in
Hamilton, Ontario.  Lake Erie Works is about an hour's drive south,
and is located in Nanticoke, Ontario, on the shores of Lake Erie.
Stelco produces high-quality steel that is used primarily in the
North American automotive, construction, infrastructure, appliance,
manufacturing and pipe and tube industries.

                   About U.S. Steel Canada, Inc.

U.S. Steel Canada's operations are located at Lake Erie Works, a
fully integrated steelmaking facility, and at Hamilton Works, home
to cokemaking and finishing operations including its zinc-coating
facility, Z-Line.  U.S. Steel Canada has the capability of
producing approximately 2.6 million tons of steel annually and
employs approximately 2,000 people.

U.S. Steel Canada commenced court-supervised restructuring
proceedings under the Companies' Creditors Arrangement Act, R.S.C.
1985, c. C-36, before the Ontario Superior Court of Justice
(Commercial List) on Sept. 16, 2014.  Ernst & Young Inc. has been
appointed by the CCAA court as monitor pursuant to an Initial CCAA
Order.


VELOCITY MERGER: Loan Upsize No Impacton Moody's B3 CFR
-------------------------------------------------------
Moody's Investors Service says Velocity Merger Sub, Inc. (aka
Vestcom Parent Holdings, Inc.) upsize of its B2 rated senior
secured term loan by $10 million to $345 million from $335 million
will not affect the company's ratings including its B3 Corporate
Family Rating. The increased debt offsets a $10 million reduction
in the equity contribution of the sponsor. The change in the debt
structure is modestly credit negative as it results in minimally
higher pro forma debt-to-EBITDA leverage of 6.6x instead of 6.5x in
the original structure, with a less than $1 million increase in
annual interest expense manageable relative to Moody's projection
for approximately $10-$14 million of free cash flow in 2017. The
rating outlook is stable.

Vestcom Parent Holdings Inc. provides shelf-edge communications and
specialized marketing services to the retail industry. It maintains
headquarters in Little Rock, Arkansas. Charlesbank Capital Partners
is acquiring the company from Court Square Capital Partners in
December 2016.




VEREIT OPERATING: Moody's Affirms Ba1 Senior Unsecured Rating
-------------------------------------------------------------
Moody's Investors Service affirmed the Ba1 senior unsecured rating
for VEREIT Operating Partnership, L.P. and the (P)Ba2 Preferred
Shelf rating for VEREIT, Inc. "Concurrently, we revised the rating
outlook to positive from stable to reflect the significant progress
made by the REIT's management team in the execution of its
comprehensive 2015 business plan, which among other objectives
included strengthening the balance sheet, improving the credit
metrics and enhancing the quality of the real estate portfolio. Our
expectation is that VEREIT will continue to prudently manage its
balance sheet while consistently maintaining, at a minimum, its
current credit and liquidity profile." Moody's said.

The following ratings were affirmed:

   -- VEREIT Operating Partnership, L.P.- Senior unsecured shelf
      at (P)Ba1; senior unsecured debt at Ba1

   -- VEREIT, Inc.- Senior unsecured shelf at (P)Ba1; preferred
      stock shelf at (P)Ba2

RATINGS RATIONALE

The rating affirmations and the positive rating outlook incorporate
the overall improvement of VEREIT's ("VER") leverage metrics and
credit profile due to the deleveraging of the balance sheet with
proceeds raised from asset sales and recent capital market
activities. The REIT has been a net seller since 2015, disposing of
over $2.0 billion of non-core assets, as of September 30, 2016.
Additionally, the REIT reentered the capital markets in May 2016
with a multi-tranche/multi-tenor $1.0 billion (in aggregate) senior
unsecured note sale, followed by a $700+ million common equity
issuance in August 2016. With a portion of these proceeds,
management prepaid $1.3 billion of debt obligations due 2017,
reduced its unsecured term loan by $500 million and fully
replenished its $2.3 billion revolving credit facility, which
matures in 2018 with a one-year extension option. Consequently,
VEREIT's book leverage (Debt plus Preferred Stock as a percentage
of Gross Assets) and Net Debt to EBITDA decreased to 42% and 5.5x,
respectively, from a peak of 54% and 8.5x at YE2014. In addition,
the fixed charge coverage strengthened to 3.0x, at 3Q16, from a low
of 2.1x at YE2014.

Moody's also takes into consideration the improvement in VEREIT's
liquidity position and financial flexibility due to the new $750
million continuous equity program and a growing unencumbered asset
base, which represented 67% of gross assets (excluding goodwill),
as of 3Q16, compared to 63% at YE2014. Additionally, secured debt
levels slightly improved to approximately 16% of gross assets, at
3Q16, down from approximately 18% at YE14. Moody's anticipates that
this metric will decrease further as the company pays off or
replaces approximately $430 million of property-level mortgage debt
due 2017 with unsecured financing. These credit positives, however,
are partially offset by a lumpy debt maturity schedule with a
weighted average year to maturity of less than five years.
Moreover, VEREIT has pending lawsuits related to the Audit
Committee's investigation of its accounting irregularities in
2014.

Upward rating movement would reflect the REIT operating on a
consistent basis with: book leverage at or below 45% of gross
assets; Net Debt to EBITDA at or below 6.5x; fixed charge coverage
above 2.5x; secured debt closer to 10% and a more staggered debt
maturity schedule.

Downward rating pressure would likely result from: book leverage
above 50% on a consistent basis; Net debt to EBITDA at or above
7.0x on a consistent basis; fixed charge coverage near 2.5x on a
sustained basis; and any liquidity issues or challenges regarding
its debt maturities.

Moody's last rating action for VEREIT was on May 16, 2016 when
Moody's assigned a Ba1 rating with a stable outlook to VEREIT's
senior unsecured debt.

VEREIT, Inc. (NYSE: VER) is a REIT that is full service real estate
operating company that operates through two business segments, its
real estate investment (REI) segment and its investment segment,
Cole Capital ("Cole"). Through its REI segment, the company owns
and actively manages a diversified portfolio of retail, restaurant,
office and industrial assets. As of September 30, 2016, VEREIT's
owns 4,213 properties, totaling approximately 97 million of
rentable square feet in the United States, Puerto Rico and Canada,
and reported approximately $16.1 billion and $8.9 billion,
respectively, in total book assets and book equity.

The principal methodology used in these ratings was Global Rating
Methodology for REITs and Other Commercial Property Firms published
in July 2010.


VERNUS GROUP: Disclosures Okayed, Plan Hearing on Jan. 11
---------------------------------------------------------
Vernus Group Corp. is now a step closer to emerging from Chapter 11
protection after a bankruptcy judge approved the outline of its
plan of reorganization.

Judge Brian Tester of the U.S. Bankruptcy Court for the District of
Puerto Rico on Dec. 7 gave the thumbs-up to the disclosure
statement after finding that it contains "adequate information."

A court hearing to consider confirmation of the plan is scheduled
for Jan. 11, at 2:00 p.m.  The hearing will take place at the Jose
V. Toledo, Federal Building & U.S. Courthouse, Courtroom No. 1,
Second Floor, 300 Del Recinto Sur Street, Old San Juan, Puerto
Rico.

Any objection to confirmation of the plan must be filed seven days
prior to the date of the hearing.

Under the plan, holders of Class 1 non-insider general unsecured
claims will be paid 80% of their claims from the proceeds of the
sale of inventory and the avoidance actions upon their conclusion.

                        About Vernus Group

Vernus Group Corp. sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. D. P.R. Case No. 15-09339) on November 25,
2015. The petition was signed by Jose Rafael Hernandez, chairman
and president.

The case is assigned to Judge Brian K. Tester.

At the time of the filing, the Debtor disclosed $3.69 million in
assets and $225,686 in liabilities.


VESCO CONSULTING: Hires Kevin Neiman as Bankruptcy Counsel
----------------------------------------------------------
VESCO Consulting Services, LLC asks for permission from the U.S.
Bankruptcy Court for the District of Colorado to employ the Law
Offices of Kevin S. Neiman, pc as bankruptcy counse, nunc pro tunc
to November 21, 2016.

The Debtor requires the law firm to:

   (a) provide legal advice to the Debtor with respect to its
       powers and duties as debtor-in-possession;  

   (b) advise the Debtor with respect to its responsibilities in
       complying with the U.S. Trustee's Operating Guidelines and
       Reporting Requirements and with the rules of the Court;

   (c) prepare motions, pleadings, orders, applications,
       complaints, and other legal documents necessary in the
       administration of the case;

   (d) protect the interests of the Debtor in all matters pending
       before the Court; and

   (e) represent the Debtor in negotiating with its creditors to
       prepare a plan of reorganization or other exit plan.

The law firm will be paid at these hourly rates:

       Kevin S. Neiman          $335
       Paralegal                $100

The law firm will also be reimbursed for reasonable out-of-pocket
expenses incurred.

Prepetition, the firm received $7,500 from the Debtor.
Prepetition, the Firm drew down $4,020 of the retainers and applied
the money to prepetition services rendered and any costs incurred.
$3,480, the remaining amount, is held in trust, and is an advance
payment retainer to secure payment of the Firm's fees and expenses
for postpetition services rendered to represent the Debtor in this
chapter 11 bankruptcy case.

Kevin S. Neiman 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 firm can be reached at:

       Kevin S. Neiman, Esq.
       LAW OFFICES OF KEVIN S. NEIMAN, PC
       999 18th Street, Suite 1230 S
       Denver, CO  80202
       Tel: (303) 996-8637
       Fax: (877) 611-6839
       E-mail: kevin@ksnpc.com

                      About VESCO Consulting

VESCO Consulting Services, LLC sought protection under Chapter 11
of the Bankruptcy Code (Bankr. D. Colo. Case No. 16-21351) on
November 19, 2016.  The petition was signed by Michael Miller,
president.  

The case is assigned to Judge Elizabeth E. Brown.

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



VIOLIN MEMORY: Dec. 27 Meeting Set to Form Creditors' Panel
-----------------------------------------------------------
Andy Vara, Acting United States Trustee for Region 3, will hold an
organizational meeting on Dec. 27, 2016, at 10:00 a.m. in the
bankruptcy case of Violin Memory, Inc.

The meeting will be held at:

               Office of the US Trustee
               844 King Street, Room 3209
               Wilmington, DE 19801

The sole purpose of the meeting will be to form a committee or
committees of unsecured creditors in the Debtors' case.

The organizational meeting is not the meeting of creditors pursuant
to Section 341 of the Bankruptcy Code.  A representative of the
Debtor, however, may attend the Organizational Meeting, and provide
background information regarding the bankruptcy cases.

To increase participation in the Chapter 11 proceeding, Section
1102 of the Bankruptcy Code requires that the United States Trustee
appoint a committee of unsecured creditors as soon as practicable.
The Committee ordinarily consists of the persons, willing to serve,
that hold the seven largest unsecured claims against the debtor of
the kinds represented on the committee.

Section 1103 of the Bankruptcy Code provides that the Committee may
consult with the debtor, investigate the debtor and its business
operations and participate in the formulation of a plan of
reorganization.  The Committee may also perform other services as
are in the interests of the unsecured creditors whom it
represents.

                                About 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.



VISKASE COMPANIES: Moody's Cuts Corporate Family Rating to B3
-------------------------------------------------------------
Moody's Investors Service downgraded Viskase Companies Inc.
("Viskase") Corporate Family Rating (CFR) to B3 from B2;
Probability of Default Rating (PDR) to B3-PD from B2-PD and the
company's $275 senior secured term loan due 2021, to B3 from B2.
Viskase's speculative grade liquidity (SGL) remains at SGL -3 and
the outlook is stable.

The rating action was based on deterioration in Viskase's financial
performance as a result of declining hot dog consumption in North
America and uncertainty surrounding the company's ability to
substantially improve its performance in the near to medium term.
According to Moody's Analyst Inna Bodeck, "We expect continued
declines in hot dog consumption as consumers gravitate toward what
they perceive as healthier food choices, and Viskase will be
challenged in improving its results in a competitive operating
environment." Moody's projects that Viskase's total debt-to-EBITDA
leverage (6.5x LTM 09/30/2016 incorporating Moody's standard
adjustments for pension and operating leases liabilities) will
remain high as the company will have difficulty growing its top
line and profitability will remain under pressure.

Viskase's SGL-3 speculative grade liquidity reflects adequate
liquidity characterized by the modest projected free cash flow
relative to debt, cash on the balance sheet of $46.8 million (as of
9/30/2016) and full availability under the company's $25 million
revolver due in 2020. Viskcase's $275 million term loan matures on
January 30th, 2021.

Moody's took the following specific actions on Viskase:

Downgrades:

   Issuer: Viskase Companies, Inc.

   -- Probability of Default Rating, Downgraded to B3-PD from B2-
      PD

   -- Corporate Family Rating, Downgraded to B3 from B2

   -- Senior Secured Bank Credit Facility, Downgraded to B3 (LGD
      3) from B2 (LGD 3)

Outlook Actions:

   Issuer: Viskase Companies, Inc.

   -- Outlook, Remains Stable

Affirmations:

   Issuer: Viskase Companies, Inc.

   -- Speculative Grade Liquidity Rating, Affirmed SGL-3

RATINGS RATIONALE

Viskase's B3 CFR reflects slowly declining hot dog consumption in
the US, the company's modest scale, its narrow product focus and
high leverage. Over the last three quarters Viskase experienced
consecutive revenue declines on an organic basis, driven primarily
by reduced hot dog consumption in North America, its largest (57%
of LTM 9/30/2016 revenue) and most profitable market. "We
anticipate continued declines in the top line, albeit at a slow
pace, and expect that the total debt-to-EBITDA leverage (6.5x LTM
09/30/2016 incorporating Moody's standard adjustments for pension
and operating leases liabilities) will remain at current levels."
Moody's said. These challenges are offset by Viskase's good market
position in a niche segment of the customized casings market,
established brand name and exposure to relatively stable food
markets.

The stable outlook reflects Moody's view that the company will
manage to minimize the negative impact on its earnings from
declining hot dog consumption by managing its cost structure to the
level of demand and maintaining its competitive position.

The ratings could be upgraded if the company realizes sufficient
improvements in earning, reducing debt-to-EBITDA leverage to 5.0x
on a sustained basis, and maintains a good liquidity position.

The ratings could be downgraded if the company's operating
performance deteriorates further due to unexpected challenges in
its operating environment or if it is unable to manage costs in
line with revenue, resulting in reduced margins and increased
leverage. A weak liquidity profile, including deterioration in free
cash flow and lower cash balances, could also result in a
downgrade.

Viskase, headquartered in Lombard, Illinois, is a global producer
of cellulose, fibrous and plastic casings for hot dogs and sausages
and other processed meat and poultry products. Approximately two
thirds of the company's sales stem from its Nojax cellulose product
line. Revenue for the 12 months ended September 30, 2016 were
approximately $325 million. Icahn Enterprises LP owns approximately
75.3% of the company.

The principal methodology used in these ratings was Packaging
Manufacturers: Metal, Glass, and Plastic Containers published in
September 2015.


WRAP MEDIA: Dec. 20 Meeting Set to Form Creditors' Panel
--------------------------------------------------------
Tracy Hope Davis, Acting United States Trustee for Region 17, will
hold an organizational meeting on Dec. 20, 2016, at 2:30 p.m. in
the bankruptcy cases of Wrap Media LLC and Wrap Media, Inc.

The meeting will be held at:

               Office of the United States Trustee
               450 Golden Gate Ave, Rm. 01-5467
               San Francisco, CA 94102

The sole purpose of the meeting will be to form a committee or
committees of unsecured creditors in the Debtors' case.

The organizational meeting is not the meeting of creditors pursuant
to Section 341 of the Bankruptcy Code.  A representative of the
Debtor, however, may attend the Organizational Meeting, and provide
background information regarding the bankruptcy cases.

To increase participation in the Chapter 11 proceeding, Section
1102 of the Bankruptcy Code requires that the United States Trustee
appoint a committee of unsecured creditors as soon as practicable.
The Committee ordinarily consists of the persons, willing to serve,
that hold the seven largest unsecured claims against the debtor of
the kinds represented on the committee.

Section 1103 of the Bankruptcy Code provides that the Committee may
consult with the debtor, investigate the debtor and its business
operations and participate in the formulation of a plan of
reorganization.  The Committee may also perform other services as
are in the interests of the unsecured creditors whom it
represents.

As reported in the Troubled Company Reporter-Latin America on Nov.
16, 2012, Moody's Investors Services affirmed La Paloma Generating
Company, LLC's B2 rating on its 1st lien loan facilities and
changed the outlook to negative from stable.


YRC WORLDWIDE: Marc Lasry Reports 9.6% Equity Stake as of Dec. 12
-----------------------------------------------------------------
In a Schedule 13G filed with the Securities and Exchange
Commission, these reporting persons disclosed beneficial ownership
of shares of common stock of YRC Worldwide Inc. as of Dec. 12,
2016:

                                       Shares       Percentage
                                    Beneficially       of
   Name                                 Owned         Shares
   ----                             ------------    ----------
Avenue Special Situations Fund       
VI (Master), L.P.                    2,359,089         7.1%

Avenue Capital Partners VI, LLC      2,359,089         7.1%

GL Partners VI, LLC                  2,359,089         7.1%

Avenue Capital Management II, L.P.   3,195,767         9.6%

Avenue Capital Management            
II GenPar, LLC                       3,195,767         9.6%

Marc Lasry                           3,195,767         9.6%

The approximate percentages of Common Stock reported as
beneficially owned by the Reporting Persons are based upon
33,274,012 shares of Common Stock outstanding as of Oct. 21, 2016,
as reported by the Company in its quarterly report on Form 10-Q
filed with the Securities Exchange Commission on Oct. 27, 2016.

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

                      https://is.gd/IOARjx

                      About YRC Worldwide

Headquartered in Overland Park, Kan., YRC Worldwide Inc. (NASDAQ:
YRCW) -- http://www.yrcw.com/-- is a holding company that offers  

its customers a wide range of transportation services.  These
services include global, national and regional transportation as
well as logistics.

YRC Worldwide reported net income attributable to common
shareholders of $700,000 on $4.83 billion of operating revenue for
the year ended Dec. 31, 2015, compared to a net loss attributable
to common shareholders of $85.8 million on $5.06 billion of
operating revenue for the year ended Dec. 31, 2014.

As of Sept. 30, 2016, the Company had $1.87 billion in total
assets, $2.21 billion in total liabilities and a total
shareholders' deficit of $342.2 million.

                          *    *    *

As reported by the TCR on Feb. 18, 2014, Moody's Investors Service
had upgraded the Corporate Family Rating for YRC Worldwide from
'Caa3' to 'B3', following the successful closing of its
refinancing transactions.

In the Aug. 11, 2015, TCR report, Standard & Poor's Ratings
Services said that it has raised its corporate credit rating on
Overland, Kan.-based less-than-truckload (LTL) trucking company
YRC Worldwide to 'B-' from 'CCC+'.

"The upgrade reflects YRC's earnings growth and improved liquidity
position, along with our belief that gradual improvement in the
company's operating performance will result in credit measures
that are commensurate with the rating," said Standard & Poor's
credit analyst Michael Durand.


[*] S&P Raises 6 and Lowers 4 Issue Ratings in US Autos Sector
--------------------------------------------------------------
S&P Global Ratings said that it has reviewed its recovery and
issue-level ratings in the U.S. automotive sector for
speculative-grade corporate issuers that were labeled as "under
criteria observation" (UCO) after publishing its revised recovery
ratings criteria on Dec. 7, 2016.  With S&P's criteria review
complete, it is removing the UCO designation from these ratings and
are revising issue-level and recovery ratings as appropriate.

This release pertains to rated companies in the U.S. automotive
sector.  The ratings list below is arranged alphabetically by
issuer and identifies the debt types with ratings changes.  In
addition to the changes and affirmations mentioned below, S&P will
review its recovery and issue-level ratings on Adient PLC (and its
rated foreign subsidiaries) and TI Fluid Systems Ltd. (and its
rated foreign subsidiaries) separately.

As an overview, S&P is revising the issue-level ratings on 10 rated
debt issues in the U.S. automotive sector, reflecting six upgrades
and four downgrades.  In eight of the 10 cases, the revision to the
issue-level rating resulted from a revision to the recovery rating
on the debt instrument.

In the remaining two cases, the recovery ratings on the secured
debt remain unchanged and the issue-level ratings change results
because S&P now cap issue-ratings at 'BBB-' for issuers rated 'BB'
and 'BB+', regardless of S&P's recovery ratings.  This change
deemphasizes the weight recovery plays in up-notching issue ratings
for issuers near the investment-grade threshold, since recovery is
a smaller component of credit risk when default risk is more remote
and because recovery prospects may be less predictable and more
variable for these issuers.  This revision does not reflect a
change in S&P's assessment of the company's default risk, which is
indicated by S&P's corporate credit rating, or its opinion of
recovery given default, which is indicated by
S&P's recovery ratings.

These rating actions stem solely from the application of S&P's
revised recovery criteria and do not reflect any change in its
assessment of the corporate credit ratings for issuers of the
affected debt issues.

RATINGS LIST

Issue Ratings Raised; Recovery Ratings Revised Due To Revised
Recovery Rating
Criteria For Speculative-Grade Corporate Issuers
                                        To                 From
Group 1 Automotive Inc.
Senior unsecured
  US$250 mil nts due 2024               BB+                BB
   Recovery rating                      4H                 5L
  US$550 mil 5.00% nts due 06/01/2022   BB+                BB
   Recovery rating                      4H                 5L

Navistar Inc.
Senior secured
  US$1.04 bil term B bank               B/Watch Pos   B-/Watch Pos
  ln due 08/07/2020
   Recovery Rating                      1                  2L

Navistar International Corp.
Senior unsecured
  6.5% RZF Revenue Bonds            CCC/Watch Pos   CCC-/Watch Pos
  $90 Mil.
   Recovery rating                      5H                 6
  6.5% RZF Revenue Bonds            CCC/Watch Pos   CCC-/Watch Pos
  $135 Mil.
   Recovery rating                      5H                 6
  US$1.3 bil 8.25%                  CCC/Watch Pos   CCC-/Watch Pos
  sr unsecd bnds due 11/01/2021
   Recovery rating                      5H                 6

Issue Ratings Lowered; Recovery Ratings Unchanged Due To Revised
Recovery
Rating Criteria For Speculative-Grade Corporate Issuers
                                        To                 From
Tenneco Inc.
Senior secured
  US$1.2 bil revolver bank              BBB-               BBB
  ln due 12/09/2019
   Recovery rating                      1                  1
  US$300 mil Tranche A term bank        BBB-               BBB
  ln due 12/09/2019
   Recovery rating                      1                  1

Issue Ratings Lowered; Recovery Ratings Revised Due To Revised
Recovery Rating
Criteria For Speculative-Grade Corporate Issuers
                                        To                 From
Wand Intermediate I L.P.
Senior secured
  US$70 mil revolver bank               B                  B+
  ln due 09/17/2019
   Recovery rating                      3H                 2L
  US$360 mil term bank                  B                  B+
  ln due 12/31/2021
   Recovery rating                      3H                 2L

Issue Ratings Affirmed; Recovery Ratings Unchanged

Navistar International Corp.
Subordinated
  US$200 mil 4.50% Convertible           CCC-/Watch Pos
  due 10/15/2018
   Recovery rating                       6
  US$410.5 mil 4.75% Convertible         CCC-/Watch Pos
  due 04/15/2019
   Recovery rating                       6

Tenneco Inc.
Senior unsecured
  US$225 mil 5.375% sr nts               BB
  due 12/15/2024
   Recovery rating                       5L
  US$500 mil nts due 12/31/2026          BB
   Recovery rating                       5L

Wand Intermediate I L.P.
Senior Secured
  US$155 mil 2nd lien term bank          CCC+
  ln due 09/19/2022
   Recovery Rating                       6


[*] S&P Raises 9 Issue Ratings in US Technology Hardware Sector
---------------------------------------------------------------
S&P Global Ratings said that it has reviewed several of its
corporate issue-level and recovery ratings in the U.S. technology
hardware sector.  S&P had labeled these issue ratings as "under
criteria observation" (UCO) after it published its revised recovery
ratings criteria on Dec. 7, 2016.  With S&P's review complete, it
removed the UCO designation from these issue-level ratings, raised
nine, and lowered three.

Except for two of the downgrades, these actions resulted from a
revision to the recovery rating on the debt instrument.  S&P
lowered two of the issue-level ratings even though the recovery
ratings remained unchanged because S&P now caps issue-level ratings
at 'BBB-' when the issuer is rated 'BB' or 'BB+', regardless of the
recovery rating.  This change deemphasizes the weight recovery
plays in up-notching issue ratings for issuers near the
investment-grade threshold.  This is because recovery is a smaller
component of credit risk when default risk is more remote and
because recovery prospects might be less predictable for these
issuers.  This revision does not reflect a change in S&P's
assessment of the company's default risk, which is indicated by its
corporate credit rating, or S&P's opinion of recovery given
default, which is indicated by S&P's recovery ratings.

S&P also revised one recovery rating to '3' from '4' and two to '4'
from '3'.  Because these revisions did not result in issue-level
rating changes, S&P affirmed the issue-level ratings on the
affected issues.

These rating actions stem solely from the application of S&P's
revised recovery criteria and do not reflect any change in its
assessment of the corporate credit ratings on the issuers of the
affected debt issues.

The ratings list below is arranged alphabetically by issuer and
identifies the debt instruments with ratings changes.

                               TO    FROM
RATINGS LIST

Issue Ratings Raised; Recovery Ratings Revised Due To Revised
Recovery Rating Criteria For Speculative-Grade Corporate Issuers

CommScope Inc.
CommScope Technologies LLC
Senior Secured                BB+   BB
   Recovery Rating             1     2L
Senior Unsecured              B+    B
   Recovery Rating             5H    6

Omnitracs LLC
Coronado Holdings LLC
Senior Secured                B+    B
   Recovery Rating             2L    3H

Riverbed Technology Inc.
Senior Secured                B+    B
   Recovery Rating             2L    3H

Issue Ratings Lowered; Recovery Ratings Unchanged Due To Revised
Recovery Rating Criteria For Speculative-Grade Corporate Issuers

Dell International LLC
Senior Secured                BBB-  BBB
   Recovery Rating             2L    2L

Eastman Kodak Co.
Senior Secured                B-    B-
   Recovery Rating             3L    4L

NCR Corp.
Senior Secured                BBB-  BBB
   Recovery Rating             1     1

Issue Ratings Lowered; Recovery Ratings Revised Due To Revised
Recovery Rating
Criteria For Speculative-Grade Corporate Issuers

Dell International LLC
Senior Secured                BBB-  BBB
   Recovery Rating             2L    1

Issue Ratings Affirmed; Recovery Ratings Revised Due To Revised
Recovery
Rating Criteria For Speculative-Grade Corporate Issuers

4L Technologies Inc.
Senior Secured                B     B
   Recovery Rating             4H    3L

Issue Ratings Affirmed; Recovery Rating Unchanged

Dell Inc.
Senior Unsecured              BB-
   Recovery Rating             6

Diamond 1 Finance Corp.
Diamond 2 Finance Corp.
EMC Corp.
Senior Secured                BBB-
   Recovery Rating             2L
Senior Unsecured              BB
   Recovery Rating             5H

EMC Corp.
Senior Unsecured              BB-
   Recovery Rating             6

NCR Corp.
NCR Escrow Corp.
Senior Unsecured              BB    BB
   Recovery Rating             5H    5H

Omnitracs LLC
Coronado Holdings LLC
Senior Secured                CCC+  CCC+
   Recovery Rating             6     6

Riverbed Technology Inc.
Senior Unsecured              CCC+  CCC+
   Recovery Rating             6     6

First Quality Finance Company Inc.
Senior unsecured                BB-         BB
  Recovery rating                5L          4H

G-III Apparel Group, Ltd.
Senior secured                  BB          BB+
  Recovery rating                2L          1

Nine West Holdings Inc.
Senior unsecured term loan      CC          CCC-
  Recovery rating                6           5H

Outerstuff LLC
Senior secured term loan        B+          BB-
  Recovery rating                3L          2H

Boardriders SA
Senior unsecured notes          B           B+
  Recovery rating                2L          1

Revlon Consumer Products Corp.
Senior unsecured                B           B+
  Recovery rating                5H          4L

Issue Ratings Lowered, Recovery Ratings Unchanged Due To Revised
Recovery
Rating Criteria For Speculative-Grade Corporate Issuers

PVH Corp.
PVH B.V.
Senior secured                  BBB-        BBB
  Recovery rating                1           1

Vista Outdoor Inc.
Senior secured                  BBB-        BBB
  Recovery rating                1           1

Wolverine World Wide Inc.
Senior secured                  BBB-        BBB
  Recovery rating                1           1

Issue Ratings Affirmed, Recovery Ratings Revised Due To Revised
Recovery Rating Criteria For Speculative-Grade Corporate Issuers

CROSSMARK Holdings Inc.
Senior secured first lien       B-           B-
  Recovery rating                3L           4H

Candy Intermediate Holdings, Inc.
Senior secured first lien       B            B
  Recovery rating                3L           4L

Post Holdings Inc.
Senior unsecured                B            B
  Recovery rating                3H           4H

Simmons Foods Inc.
Pro*Cal Inc.
Simmons Custom Processing Inc.
Simmons Energy Solutions Inc.
Simmons Feed Ingredients Inc.
Simmons Pet Food Inc.
Simmons Prepared Foods Inc.
Senior secured                  B            B
  Recovery rating                3L           4H

Issue Ratings Affirmed, Recovery Expectation Revised Due To Revised
Recovery
Rating Criteria For Speculative-Grade Corporate Issuers

Hanesbrands Inc.
Hanesbrands Finance Luxembourg SCA
Senior unsecured                BB           BB
  Recovery rating                3L           3H

HBC Chemical LLC
HBC Holdings LLC
HBC/FQ LLC
Handy Holdings LLC
Howard Berger Co. LLC
Jones Stephens Corp.
One Middlesex Warehousing LLC
Plumbing Holdings Corp.
Wordlock Inc.
World and Main (Houston), LLC
Senior secured first lien        CCC          CCC
  Recovery rating                3H           3L

Revlon Consumer Products Corp.
Senior secured                  B+           B+
  Recovery rating                3L           3H

Wolverine World Wide Inc.
Senior unsecured                BB+          BB+
  Recovery rating                4H           4L

Issue Ratings Affirmed; Recovery Ratings Unchanged

CROSSMARK Holdings Inc.
Senior secured second lien      CCC
  Recovery rating                6   

Candy Intermediate Holdings, Inc.
Senior secured second lien      CCC+   
  Recovery rating                6      

First Quality Enterprises Inc.
Senior secured                  BBB-
  Recovery rating                1   

Hanesbrands Inc.
HBI Australia Acquisition Co. Pty Ltd
MFB International Holdings S.a.r.l.
Senior secured                  BBB-       
  Recovery rating                1          

HBC Chemical LLC
HBC Holdings LLC
HBC/FQ LLC
Handy Holdings LLC
Howard Berger Co. LLC
Jones Stephens Corp.
One Middlesex Warehousing LLC
Plumbing Holdings Corp.
Wordlock Inc.
World and Main (Houston), LLC
Senior secured second lien       CC
  Recovery rating                6

HRG Group Inc
Senior secured                  BB-      
  Recovery rating                1        

Nine West Holdings Inc.
Senior secured                  B-  
  Recovery rating                1   
Senior unsecured notes          CC  
  Recovery rating                6   

Post Holdings Inc.
Senior secured|U                BB-   
  Recovery rating|U              1     

PVH Corp.
Senior unsecured                BB+
  Recovery rating                3H  

The Hillman Group Inc.
Senior unsecured                CCC+  
  Recovery rating                6     

The Nature's Bounty Co.
Senior secured                  B+    
  Recovery rating                2L    

US Foods Inc.
Senior secured ABL              BB    
  Recovery rating                1     
Senior unsecured                B     
  Recovery Rating                5H    

Varsity Brands Holding Co. Inc.
Hercules Achievement Inc.
Senior secured first lien       B     
  Recovery rating                3H    
Senior secured second lien      CCC+  
  Recovery rating                6     

Vestcom International Inc.
Senior secured second lien      CCC+  
  Recovery rating                6

Vista Outdoor Inc.
Senior unsecured                BB+
  Recovery rating                3H

|U--Unsolicited.


[*] S&P Revises 11 Ratings in US Media and Entertainment Sector
---------------------------------------------------------------
S&P Global Ratings said that it has reviewed most of its recovery
and issue-level ratings in the U.S. media and entertainment sector
for speculative-grade (rated 'BB+' and lower) corporate issuers
that were labeled as "under criteria observation" (UCO) after
publishing its revised recovery ratings criteria on Dec. 7, 2016.
With S&P's criteria review complete, it is removing the UCO
designation from these ratings and are revising the issue-level and
recovery ratings as appropriate.

This release pertains to rated companies in the U.S. media and
entertainment sector.  The ratings list below is arranged
alphabetically by issuer and identifies the debt instruments with
ratings changes.

As an overview, S&P is revising its issue-level ratings on 11 rated
debt issues in the sector, reflecting eight upgrades and three
downgrades.  In each case, the revision to the issue-level rating
resulted from a revision to the recovery rating on the debt
instrument.  In addition, for one issuer, S&P is revising the
recovery rating on two rated debt instruments to '3' from '4' and
are affirming the issue-level ratings on the affected issues.

These rating actions stem solely from the application of S&P's
revised recovery criteria and do not reflect any change in its
assessment of the corporate credit ratings for issuers of the
affected debt issues.

RATINGS LIST

Issue Ratings Raised, Recovery Ratings Revised Due To Revised
Recovery Rating
Criteria For Speculative-Grade Corporate Issuers
                                                 To      From
Lee Enterprises Inc.
Senior secured revolver                         BB-     B+
  Recovery rating                                1+      1

Quincy Media Inc.
Senior secured revolver                         BB+     BB
  Recovery rating                                1+      1

Regal Entertainment Group
Senior unsecured notes                          B       B-
  Recovery rating                                5H      6

Southern Graphics Inc.
Senior secured                                  B+      B
  Recovery rating                                2L      3H

Issue Ratings Lowered, Recovery Ratings Revised Due To Revised
Recovery Rating
Criteria For Speculative-Grade Corporate Issuers
                                                 To      From
Clear Channel International B.V.
Senior unsecured notes                          B       B+
  Recovery rating                                2H      1

Clear Channel Worldwide Holdings Inc.
Senior unsecured notes                          B       B+
  Recovery rating                                2H      1

Issue Ratings Affirmed, Recovery Ratings Revised Due To Revised
Recovery
Rating Criteria For Speculative-Grade Corporate Issuers
                                                 To      From
Cinemark USA Inc.
Senior unsecured notes                          BB      BB
  Recovery rating                                3L      4H

Rating Affirmed, Recovery Expectation Revised Due To Revised
Recovery Rating
Criteria For Speculative-Grade Corporate Issuers
Quincy Media Inc.
Term loan B                                     B+      B+
  Recovery rating                                3L      3H

Issue Ratings Affirmed, Recovery Ratings Unchanged

Cinemark USA Inc.
Senior secured                                 BBB-
  Recovery rating                               1

Clear Channel Worldwide Holdings Inc.
Subordinated Notes                             B-
  Recovery Rating                               4L

Lee Enterprises Inc.
First lien term loan                           B-
  Recovery rating                               3L
Senior secured notes                           B-
  Recovery rating                               3L

Regal Cinemas Corp.
Senior secured                                 BB
  Recovery rating                               1

Southern Graphics Inc.
Senior unsecured notes                         CCC+
  Recovery rating                               6


[*] S&P Revises 34 Issue Ratings in US Consumer Product Sector
--------------------------------------------------------------
S&P Global Ratings said that it has reviewed its recovery and
issue-level ratings in the U.S. consumer products sector for
speculative-grade corporate issuers that were labeled as "under
criteria observation" (UCO) after publishing its revised recovery
ratings criteria on Dec. 7, 2016.  With S&P's criteria review
complete, it is removing the UCO designation from these ratings and
S&P's revising issue-level and recovery ratings as appropriate.

This release pertains to rated companies in the U.S. consumer
products sector.  The ratings list below is arranged by rating
action, alphabetically by issuer, and identifies the debt
instruments with ratings that are changing or that are being
affirmed.  In addition to the changes and affirmations mentioned
below, S&P will review the recovery and issue-level ratings on
Darling Ingredients Inc. (and rated subsidiaries) and WASH
Multifamily Acquisition Inc. (and its rated Canadian subsidiary)
separately.

As an overview, S&P is revising the issue-level ratings on 34 rated
debt issues in the U.S. consumer products sector, reflecting 16
upgrades and 18 downgrades.  In each case, the revision to the
issue-level rating resulted from a revision to the recovery rating
on the debt instrument.

In addition, S&P is revising the recovery rating to '3' from '4' on
nine rated debt instruments in the U.S. consumer products sector,
as a result of S&P's new criteria.  Since these revisions do not
result in issue-level ratings changes, it is affirming the
issue-level ratings for the affected issues.

These rating actions stem solely from the application of S&P's
revised recovery criteria and do not reflect any change in its
assessment of the corporate credit ratings for issuers of the
affected debt issues.

The list below reflects debt types affected by the revised recovery
criteria and does not reflect specific debt instruments.

RATINGS LIST

Issue Ratings Raised, Recovery Ratings Revised Due To Revised
Recovery Rating
Criteria For Speculative-Grade Corporate Issuers
                                 To          From
Alliance One International Inc.
Senior secured ABL              B+          B
  Recovery rating                1+          1
Senior secured first-lien notes B-          CCC+
  Recovery rating                2H          3L
Senior secured 2nd-lien notes   CCC         CCC-
  Recovery rating                5L          6

Compass Group Diversified Holdings LLC
Senior secured                  BB          BB-
  Recovery rating                2L          3L

HBC Chemical LLC
HBC Holdings LLC
HBC/FQ LLC
Handy Holdings LLC
Howard Berger Co. LLC
Jones Stephens Corp.
One Middlesex Warehousing LLC
Plumbing Holdings Corp.
Wordlock Inc.
World and Main (Houston), LLC
Senior secured ABL revolver     B           B-
  Recovery rating                1+          1

HRG Group Inc
Senior unsecured                B           B-
  Recovery rating                4L          5H

Outerstuff LLC
Senior secured ABL              BB+         BB
  Recovery rating                1+          1

The Hillman Group Inc.
Senior secured                  B+          B
  Recovery rating                2L          3H

The Nature's Bounty Co.
Senior unsecured                B-          CCC+
  Recovery rating                5L          6

US Foods Inc.
Senior secured                  BB-         B+
  Recovery rating                2L          3H

Varsity Brands Holding Co Inc.
Hercules Achievement Inc.
Senior secured ABL              BB          BB-
  Recovery rating                1+          1

Vestcom International Inc.
Senior secured first lien       B+          B
  Recovery rating                2H          3H

Wells Enterprises Inc.
Senior secured notes            BB-         B+
  Recovery rating                2L          3H



[*] Vinson & Elkins Names Eight New Partners
--------------------------------------------
Vinson & Elkins on Dec. 13, 2016, announced the promotion of eight
lawyers to its partnership, effective Jan. 1, 2017: Mark Brasher,
Jason McIntosh, Becky Petereit, Bailey Pham, Simon Rootsey, Lande
Spottswood, Thomas Zentner and Craig Zieminski.

"Our new partners are outstanding attorneys who have shown
tremendous dedication to the firm and its clients," said V&E
Chairman Mark Kelly.  "From the courtroom to the boardroom, each of
these exceptional lawyers has demonstrated a high level of skill in
their respective practice area.  We are thrilled to call them
partners."

The new partners span six of the firm's key practice areas,
including complex commercial litigation, energy transactions and
projects, finance, mergers and acquisitions and capital markets,
restructuring and reorganization and tax.

"We are proud to welcome these talented and accomplished lawyers to
the firm's partnership," said V&E Managing Partner Scott Wulfe.
"We are grateful for the contributions these deserving attorneys
have made to V&E and we look forward to their continued success."

The following is a list of V&E's new partners by practice:

Complex Commercial Litigation:

Craig Zieminski, Dallas. Zieminski's practice focuses on
representing companies and their directors in lawsuits brought by
Delaware stockholders, master limited partnership (MLP) unitholders
and deal partners.  Mr. Zieminski has helped secure key victories
for major energy clients.  He played a significant role on the V&E
team that represented Energy Transfer Equity in its successful
defense of litigation concerning a $37.7 billion merger with The
Williams Companies.  Mr. Zieminski also helped win dismissal of a
stockholder suit challenging C&J Energy's $2.9 billion merger with
a unit of Nabors Industries.  He has also helped companies defeat
expedited lawsuits seeking to enjoin major transactions, such as a
lawsuit that sought to enjoin Targa Resources' $6.7 billion merger
with an affiliated entity and a lawsuit that attempted to enjoin
Inergy's $2 billion merger with an affiliated partnership.  Mr.
Zieminski received his law degree from Stanford Law School in 2008
and graduated from Southern Methodist University in 2005 with
degrees in economics and accounting.

Energy Transactions and Projects:

Mark Brasher, Houston. Brasher's practice focuses on project
development and related business transactions concerning domestic
and international energy and infrastructure projects.  His clients
include a wide range of participants in the oil and gas industry,
renewable energy companies, power producers, infrastructure
developers, banks and private equity funds.  Mr. Brasher is the
lead attorney advising Noble Energy on the project development
aspects of its 20Tcf Leviathan natural gas project, offshore
Israel.  He counsels a number of Occidental Petroleum's business
units in relation to projects in the United States and the Middle
East.  He is also an integral member of the V&E team representing
Texas Central Partners in connection with the Dallas to Houston
high-speed rail project.  Recently, Mr. Brasher played a key role
advising Riverstone in its acquisition from Kinder Morgan of a 50
percent interest in the Utopia Pipeline Project, a common carrier
pipeline that will connect ethane gas sources from Ohio to Sarnia,
Canada.  Mr. Brasher received his LL.M. from the University of
Texas at Austin in 2011 and his LL.B. from Monash University in
Australia in 2006.

Finance:

Bailey Pham, Dallas. Ms. Pham's practice focuses on representing
financial institutions, corporate lenders and businesses in all
types of financing arrangements, including acquisition loans,
asset-based loans and energy loans.  She assists in the
representation of both agent banks, including JPMorgan Chase Bank,
N.A. and Wells Fargo Bank, N.A., and borrowers in domestic and
international syndicated loan transactions, particularly in
secured, leveraged credits covering various markets and industries,
including retail, manufacturing and oilfield services.  Ms. Pham
has also advised on a number of high-stakes deals, including Holly
Corporation's $7 billion merger with Frontier Oil Corporation,
which created one of the largest independent refiners in the United
States.  Ms. Pham received her law degree from Southern Methodist
University in 2008 and her bachelor's and master's degrees in
accountancy from Wake Forest University in 2002.

Mergers and Acquisitions/Capital Markets:

Simon Rootsey, London. Mr. Rootsey's practice focuses on
cross-border M&A and private equity, advising on all aspects of
private cross-border M&A, private equity transactions, joint
ventures and public takeovers.  His experience includes advising
the Vitol Group on its recent sale of a 50% stake in the VTTI Group
to Buckeye Partners for US$1.15 billion, and advising the Vitol
Group and Helios Investment Partners in their US$1 billion
acquisition of an 80 percent stake in the African downstream oil
operations of Royal Dutch Shell plc, and acquisition of a 60
percent stake in the Nigerian downstream oil operations of Oando
plc.  On the private equity side, he advises leading private equity
houses based in Europe and the United States investing in the U.K.,
Europe and Africa.  Mr. Rootsey is a graduate of the University of
Western Australia, where he received both his Bachelor of Laws
(Honours) and his Bachelor of Commerce.

Lande Spottswood, Houston. Ms. Spottswood advises public and
private companies, including MLPs, private equity investors and
their portfolio companies, in connection with mergers,
acquisitions, dispositions, restructurings, spinoffs, joint
ventures and other strategic transactions.  She also advises on
public company change-of-control transactions.  Her experience also
includes advising issuers in initial public offerings, as well as
public and private offerings of equity and debt securities, and on
general corporate matters.  She has teamed on some of V&E's largest
recent deals, including representing Sunoco Logistics in its
pending $22 billion acquisition of Energy Transfer; Plains GP
Holdings in its simplification transaction with Plains All American
Pipeline for $7.2 billion; Nexeo Solution's $1.575 billion merger
with WL Ross Holding Corp.; and Western Refining's $2.4 billion
merger agreement with Northern Tier Energy LP.  Ms. Spottswood
received her law degree from Harvard Law School in 2008 and her
bachelor's degree from Harvard College in 2005.

Thomas Zentner, Houston. Mr. Zentner's practice focuses on
corporate finance and securities law, including securities
offerings, mergers and acquisitions and general corporate
representation.  His capital markets experience includes
representation of both issuers and underwriters in initial public
offerings, as well as public and private offerings of equity and
debt securities.  He also works with public and private companies,
including private equity funds and their portfolio companies, in
connection with mergers, acquisitions, dispositions and strategic
investments.  Mr. Zentner advised Anadarko Petroleum Corporation in
its $2.1 billion public offering of common stock and in its $3
billion offering of senior notes.  He also advised Targa Resources
Corp. in its $360 million initial public offering and in its $6.7
billion acquisition of Targa Resources Partners in an all
stock-for-unit transaction.  Mr. Zentner received his law degree in
2008 and bachelor's degree in 2005, both from the University of
Texas at Austin.

Restructuring and Reorganization:

Becky Petereit, Dallas. Ms. Petereit's practice focuses on all
aspects of restructuring and reorganization work, including the
representation of debtors, lenders, creditors, landlords and
trustees.  She represents clients in lawsuits, contested matters,
adversary proceedings and other actions before federal district
courts, state courts and bankruptcy courts with respect to all
types of litigation arising from financially distressed situations.
She has represented debtors in complex cross-border insolvency
proceedings; tried several fraudulent transfer actions (both jury
and bench trials); represented the administrative agent for
syndicated secured lenders who were owed approximately $7 billion
in a Chapter 11 case of one of the largest publishers of yellow
pages directories in the United States; and represented the
liquidating trustee of a bankrupt financial services firm in
litigation against its former officers and directors.  Ms. Petereit
received her J.D. from University of California, Los Angeles School
of Law in 2005 and her bachelor's degree from University of
Delaware in 2002.

Tax:

Jason McIntosh, Houston. Mr. McIntosh focuses on tax planning with
respect to complex international and domestic transactions.  His
experience spans a broad range of industries, including energy,
banking and finance, power generation, petrochemicals, shipping and
transport, aircraft leasing and sales, manufacturing and
distribution of consumer products and real estate.  Among his
notable representations, McIntosh was part of the V&E team advising
Riverstone Holdings in the formation and $525 million (aggregate)
initial capitalization of Sierra Oil & Gas, Mexico's first
independent exploration and production company.  He recently
represented Buckeye Partners in structuring its $1.15 billion
acquisition of a 50% interest in VTTI BV, which operates one of the
world's largest global energy terminal businesses.  Mr. McIntosh
received his law degree from the University of Virginia School of
Law and his bachelor's degree from the University of
Nebraska-Lincoln.

Vinson & Elkins LLP -- http://www.velaw.com/-- is an international
law firm with approximately 700 lawyers across 16 offices
worldwide.


                            *********

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
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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
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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
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Copyright 2016.  All rights reserved.  ISSN: 1520-9474.

This material is copyrighted and any commercial use, resale or
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