TCR_Public/161220.mbx          T R O U B L E D   C O M P A N Y   R E P O R T E R

              Tuesday, December 20, 2016, Vol. 20, No. 354

                            Headlines

1041 LITTLE EAST: U.S. Trustee Unable to Appoint Committee
213 THAMES: Unsecureds to Get 0% Under the Plan
4099 HIGHWAY: Hires Linda Niehuss as Realtor
8110 AERO DRIVE: Ch. 11 Plan Reinstates Note with Wells Fargo
ADAMSVILLE PROPERTIES: Hires Re/Max as Real Estate Broker

ADINATH CORP: Trustee Taps Meland Russin as Special Counsel
ADVANTAGE AVIATION: Hires BVA Group as Financial Advisor
AGT FOOD: DBRS Confirms 'B(high)' Issuer Rating
ALTA MESA: Awards Frank Murrell 20,000 PAR Units
ARMADA WATER: Has Until Jan. 18 to File Chapter 11 Plan

BBEAUTIFUL LLC: Seeks to Hire Olshan Frome as Special Counsel
BCDG LP: Hires Eric Brewer of Eastman & Co as Financial Advisor
BCDG LP: U.S. Trustee Forms 3-Member Committee
BENZIE LEASING: Submits Cash Collateral Stipulation
BERNARD L. MADOFF: Court Dismisses Cross-Claims in Suit vs. HSBC

BGM PASADENA: Rankin Villa Buying Pasadena Property for $12.6M
BILL BARRETT: JVL Advisors Reports 7.2% Equity Stake as of Dec. 12
BIOSCRIP INC: Outlines Plan to Increase Liquidity
BLUE BEE: Court Allows Cash Collateral Use on Final Basis
BMC SOFTWARE: Bank Debt Trades at 2.20% Off

BPS US HOLDINGS: Panel Hires Blank Rome as Counsel
BPS US HOLDINGS: Panel Hires Cassels Brock as Canadian Co-counsel
BPS US HOLDINGS: Panel Hires Province as Financial Advisor
BREITBURN ENERGY: Has Until January 10 to File Chapter 11 Plan
BRONX REALTY: Hires Vogel Bach as Counsel

CAESARS ENTERTAINMENT: Court Asked to Expand Houlihan Lokey Work
CALERES INC: Moody's Affirms Ba3 Corporate Family Rating
CAR CHARGING: Kevin Evans Resigns as Director
CARVER BANCORP: Deborah Wright to Retire from Board
CATASYS INC: Issues Letter to Shareholders

CECCHI GORI PICTURES: Case Summary & 7 Unsecured Creditors
CECCHI GORI USA: Case Summary & 8 Unsecured Creditors
CHANNEL TECHNOLOGIES: Sale of MSI Assets for $1.8 Million Approved
CHC DEVELOPMENT: Hires Cohne Kinghorn as Bankruptcy Counsel
CHC GROUP: Inks New Helicopter Service Contract with Wintershall

CHESAPEAKE ENERGY: Luke Corbett Appointed as Director
CINCINNATI BELL: S&P Affirms 'BB-' Rating on Secured Debt
CIRCULATORY CENTERS: Hires Robert O Lampl as Attorneys
CLIFFS NATURAL: Promotes Messrs. Tompkins and Flanagan to COO & CFO
COATES INTERNATIONAL: Inks License Deal with Secure Supply

COHERENT INC: S&P Raises Rating on $100MM Sr. Facility to 'BB+'
COMMUNITY HOME: Court Grants Payment of $628K in Fees to JW
COMSTOCK RESOURCES: Carl Westcott Has 8.44% Stake as of Dec. 14
CYU LITHOGRAPHICS: Wants to Use Cash Collateral on Final Basis
DIAMONDBACK ENERGY: S&P Revises Outlook to Pos. & Affirms 'B+' CCR

DORA CHINCHILLA: Unsecureds To Recoup 100% Under Plan
DOWLING COLLEGE: Hires CBRE, Inc. to Market Brookhaven Dorm
DR. MARCEL B. GEGATI: Wants Authorization to Use Cash Collateral
DRAGONWAVE INC: Obtains NASDAQ Listing Rule Compliance Extension
DRAW ANOTHER CIRCLE: Plan Filing Period Extended to Jan. 24

E & E ENTERPRISES: Hires Cannons Online as Auctioneer
E-WORLD USA: Incurs $2.03 Million Net Loss in March 2015 Quarter
ELBARDI INTERNATIONAL: Hires GTA Consulting as Accountant
ELBIT IMAGING: Announces Series H Notes Buyback as of Dec. 15
EMMAUS LIFE: Receives Japanese Patent for Use of L-glutamine

ENERGY XXI: Equity Committee Taps Mark Rifkin as Counsel
EXCELLENCE HOLDING: Seeks to Hire Golub as Legal Counsel
EXCELLENCE HOLDING: Seeks to Hire Irlo Bronson as Manager
FANNIE MAE: FHFA Releases 2017 Conservatorship Scorecard
FEFIFO LLC: Taps Premier Brokers of Georgia as Broker

FERRO CORP: S&P Affirms 'BB-' CCR & Revises Outlook to Stable
FINJAN HOLDINGS: Court Finds '494 Patent Claims vs Blue Coat Valid
FINTON CONSTRUCTION: Wants to Use Plaza Bank Cash Collateral
FOGGIA REAL: Ordered to Submit Proposed Cash Collateral Order
FREDDIE MAC: FHFA Releases 2017 Scorecard

GABEL LEASE: Committee Taps Stumbo Hanson as Legal Counsel
GARLOCK SEALING: Obtains Asbestos Claimant Votes for Joint Plan
GEO GROUP: S&P Affirms 'BB-' CCR, Off CreditWatch Negative
GRACIOUS HOME: Jan. 6 Meeting Set to Form Creditors' Panel
GREAT BASIN: Holders OK Release of $2.7M from Restricted Accounts

GREENEDEN US: S&P Raises Rating on $700MM Sr. Notes to 'CCC+'
GULFMARK OFFSHORE: Amends $50-Mil. Securities Purchase Agreement
GULFMARK OFFSHORE: Extends Tender Offer Until Dec. 29
GYMBOREE CORP: Bank Debt Trades at 40.60% Off
HPI PLUMBING: Taps Leiderman Shelomith as Attorneys

HUBERTO OCHOA: BNY Mellon's Claim To Be Reduced to $0
IHEARTCOMMUNICATIONS INC: Decides Not to Repay $57.1-Mil. Notes
IHEARTCOMMUNICATIONS INC: Files Complaint vs. Indenture Trustees
IHEARTMEDIA INC: S&P Lowers CCR to 'SD' on Missed Debt Repayment
INTERTAIN GROUP: Moody's Affirms B2 Corporate Family Rating

ISLE OF CAPRI: S&P Lowers Rating on 5.875% Unsec. Notes to BB-
KEENEY TRUCK: Case Summary & 20 Largest Unsecured Creditors
KEY ENERGY: Seeks to Hire Deloitte as Tax Services Provider
KEY ENERGY: Taps Deloitte FAS to Provide Accounting Services
KSM INTERNATIONAL: Seeks to Hire Brock and Company as Accountant

LA4EVER LLC: Hires Halloran & Sage as Special Counsel
LAKE MATHEWS: Trustee Taps Best Best & Krieger as Legal Counsel
LAKEWOOD AT GEORGIA: Taps DeCaro & Howell as Legal Counsel
LANKER PARTNERSHIP: Seeks to Hire Leech Tishman as Special Counsel
LANSING TRADE: S&P Affirms Then Withdraws 'B' CCR

LENSAR INC: Files Chapter 11 Bankruptcy Petition to Cut Debt
LIMITLESS MOBILE: U.S. Trustee Forms 5-Member Committee
LONG BROOK: Seeks to Hire Knott as Special Counsel
LSB INDUSTRIES: Jeffrey Gendell Reports 6.8% Stake as of Dec. 5
MAMAMANCINI'S HOLDINGS: Posts $80,603 Net Income for Third Quarter

MARK GARCIA: Court Grants Over $25K Atty's Fees, Expenses to YP
MAXUS ENERGY: U.S. Trustee Forms 3-Member Retirees Committee
MCELRATH LEGAL: Exclusive Plan Filing Period Extended to Mar. 20
MEDITE CANCER: Releases Copy of Investor Presentation
MOBILE FOX: Wants April 9 Exclusive Plan Filing Period Extension

MOUNTAIN THUNDER: Ch. 11 Trustee Hires Klevansky Piper as Counsel
NAKED BRAND: Incurs $2.4 Million Net Loss in Third Quarter
NAS HOLDINGS: Court Allows Cash Collateral Use on Final Basis
NAUTILUS DEVELOPMENT: 0% Payment for Unsecured Creditors
NAUTILUS FUNDING: Plan Proposes 0% Recovery for Unsecured Creditors

NEIMAN MARCUS: Bank Debt Trades at 9.82% Off
NEUSTAR INC: S&P Lowers CCR to 'B+' on Acquisition Agreement
NORTH FORK COMPOSITES: Hires Scout & Spur as Sales Advisor
NORTHERN BLIZZARD: Moody's Lowers Corporate Family Rating to B3
NORTHSTAR OFFSHORE: Seeks to Hire CR3 Partners, Appoint CRO

NORTHSTAR OFFSHORE: Seeks to Hire M1 Energy as Investment Banker
NORTHSTAR OFFSHORE: Taps Diamond McCarthy as Legal Counsel
OAK CREEK: Secured Creditor To Be Paid in Full
OFFICE DEPOT: S&P Withdraws 'B-' CCR at Issuer's Request
OPTIMA SPECIALTY: S&P Lowers CCR to 'D' on Ch. 11 Filing

ORANGE PEEL: Hires Mark Terry as Intellectual Property Counsel
OUTBOUND GROUP: Seeks to Hire Stevenson & Bullock as Legal Counsel
P3 FOODS: Has Until Jan. 11 to Use Cash Collateral
PACIFIC DRILLING: Six Resolutions Passed at Extraordinary Meeting
PALISADES PARK: Seeks to Hire Hyun Ju Lee as Realtor

PARAGON OFFSHORE: Wants Plan Filing Period Moved to January 16
PEABODY ENERGY: Plan Exclusivity Deadline Moved to Feb. 13
PET CAFE: Seeks to Hire Van Horn Law Group as Legal Counsel
PETER OZOH: Hearing on Disclosures Set For Jan. 12
PETROQUEST ENERGY: Gerard Jolly Appointed as Director

PHARMACOGENETICS DIAGNOSTIC: Hires Strothman as Accountant
PHILADELPHIA PERFORMING: S&P Raises Rating on 2013 Bonds to 'BB'
PIONEER BREAKER: Hires Bradley R. McGrew as Accountant
PLANET MERCHANT: Creditors' Panel Hires Perry Guthery as Counsel
PLANET MERCHANT: Seeks March 31 Plan Filing Period Extension

QUEST SOLUTION: Expects Modest Growth in Revenue in 2017
QUICK CHANGE: No Distribution for Unsecureds Under Amended Plan
RALSTON, NE: S&P Affirms 'BB' Rating on 2011/2012 Arena Bonds
RELATIVITY FASHION: Objections to Investment Bankers' Fees Denied
RENNOVA HEALTH: Further Amends 15,000 Series H Shares Prospectus

REX ENERGY: Continued Listing Request Accepted by Nasdaq
ROBERT THOMAS LAMPE: Files Plan to Exit Chapter 11 Protection
RSP PROFESSIONAL: Seeks to Hire Shapiro Sher as Legal Counsel
RUE21 INC: Bank Debt Trades at 61.33% Off
RXI PHARMACEUTICALS: Amends 1.3M Class A Units Prospectus with SEC

SANDY CREEK: S&P Affirms 'B' Project Rating; Outlook Negative
SEANERGY MARITIME: Closes Public Offering of 10M Common Shares
SEANERGY MARITIME: Jelco Delta Holds 73.1% Stake as of Dec. 13
SEANERGY MARITIME: Takes Delivery of Capesize Vessel M/V Knightship
SEATRUCK INC: Wants to Use Stonegate Bank Cash Collateral

SIMMONS FOODS: Moody's Hikes Corporate Family Rating to B2
SIRGOLD INC: Committee Taps Pick & Zabicki as Legal Counsel
SIRGOLD INC: Use of Unity Bank Cash Collateral on Interim Basis
SIRVA INC: S&P Raises Issue Level Rating to B+ on Updated Criteria
SPORTS AUTHORITY: Wants Plan Filing Period Extended to March 27

STARZ LLC: S&P Lowers CCR to 'B+', Then Withdraws Ratings
STEINY AND COMPANY: Taps CFS, Craft Partners as Financial Advisors
STONE ENERGY: Seeks Court OK of Prepackaged Restructuring Plan
SUNEDISON INC: Selling 100% Interest in TerraForm for $42.5 Million
TEKNI-PLEX INC: S&P Raises Rating on 2nd Lien Bank Loan to 'B-'

TESORO CORP: S&P Assigns 'BB+' Rating on Proposed $1.6BB Notes
THAMES FUNDING: Unsecureds To Recoup 0% Under the Plan
THIRTEEN EAST: Court Allows Cash Collateral Use Until April 14
TOWERSTREAM CORP: Amends $15-Mil. Securities Prospectus with SEC
TOWERSTREAM CORP: Stockholders Elect Four Directors

TOWN SPORTS: Patrick Walsh Holds 17.4% Equity Stake as of Dec. 12
TRACK GROUP: Taps Grand Banks' Peter Poli as New CFO
TRINITY RIVER: Has Until January 31 to File Chapter 11 Plan
TRONOX INC: Court Approves Future Tort Claims Instructions
VAN ZANDT: IRS To Recover 100% Over 60 Months

VAPOR CORP: Systemax Exec John Ollet Joins as CFO
VIAWEST INC: Moody's Affirms B2 Corporate Family Rating
VINH PHAT SUPERMARKET: Seeks March 18 Plan Exclusivity Extension
VINH PHAT SUPERMARKET: Unsecureds To Recover 100% Over 3 Years
VIOLIN MEMORY: Seeks to Hire Prime Clerk as Claims Agent

WALTER INVESTMENT: S&P Affirms 'CCC+' Rating on Sr. Unsec. Notes
WEATHERFORD INTERNATIONAL: Former Archer Exec. Bausch Is New CFO
WILLARD BLANKENSHIP: Apman Buying 8.5% Interest in Apnea for $5K
YOGI CARPET: Seeks to Hire Latham Shuker as Legal Counsel
YRC WORLDWIDE: Plans to Offer $350 Million Worth of Securities

[*] Joshua Damon Joins Ankura's Turnaround & Restructuring Group
[^] Large Companies with Insolvent Balance Sheet

                            *********

1041 LITTLE EAST: U.S. Trustee Unable to Appoint Committee
----------------------------------------------------------
An official committee of unsecured creditors has not yet been
appointed in the Chapter 11 cases of 1041 Little East Neck Road
LLC, 945 Little East Neck Road LLC, and 956 Little East Neck Road
LLC, as of Dec. 16, according to a court docket.

                  About Little East Neck Road

1041 Little East Neck Road LLC, 945 Little East Neck Road LLC and
956 Little East Neck Road LLC sought protection under Chapter 11 of
the Bankruptcy Code (Bankr. E.D.N.Y. Case Nos. 16-74896 to
16-74898) on October 20, 2016.  The petitions were signed by
Muhammet Ozen, member.  

The cases are assigned to Judge Robert E. Grossman.

At the time of the filing, 1041 Little East disclosed $554,177 in
assets and $1.24 million in liabilities.  945 Little East reported
total assets of $361,256 and total debts of $1.19 million.
Meanwhile, 956 Little East disclosed $173,539 in assets and $1.02
million in liabilities.


213 THAMES: Unsecureds to Get 0% Under the Plan
-----------------------------------------------
213 Thames, Inc., filed with the U.S. Bankruptcy Court for the
District of Connecticut a disclosure statement and accompanying
plan of reorganization, dated  Dec. 8, 2016, a full-text copy of
which is available for free at:

         http://bankrupt.com/misc/ctb15-21002-168.pdf 

Class 3 is composed of the general unsecured creditors of
approximately $3,2013. Those claims approved by the Court will be
paid 0% of the Allowed amount as full and final satisfaction. Each
creditor will receive payment of 0% in lump sum on the Effective
Date.

Class 4 is composed of insiders, of which class, John Syragakis is
the only member.  This class will retain its interest in the
debtor in exchange for contributing monies for the Debtor.

The Debtor will fund the plan through its operating income,
pursuant to the terms of the Plan.  The ongoing business
operations will provide income necessary funds to fund the Plan. 
The Debtor will make all payments by confirmation that are due the
US Trustee and will continue to make payments that accrue up the
effective date as well as though the date of the final decree.

                      About 213 Thames, Inc.

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


4099 HIGHWAY: Hires Linda Niehuss as Realtor
--------------------------------------------
4099 Highway 36 North, LLC seeks authorization from the U.S.
Bankruptcy Court for the Southern District of Texas to employ Linda
Niehuus of Heritage Texas Country Properties as realtor to sell the
Debtor's property located at 4099 Highway 36 North, Bellville, TX
77418 for at least $1.6 million dollars.   

Ms. Niehuus will be compensated on a flat fee basis of 6% of the
sale price.

Ms. Niehuus 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 realtor can be reached at:

       Linda Niehuus
       Heritage Texas Country Properties
       1110 Nasa Parkway, #305
       Houston, TX 77058
       Tel: (979) 836-3633
       Fax: (979) 836-6444
       E-mail: lindan@heritagetexas.com

                       About 4099 Highway

4099 Highway 36 North, LLC, based in Bellville, TX, filed a Chapter
11 petition (Bankr. S.D. Tex. Case No. 16-35555) on November 1,
2016. The Hon. Jeff Bohm presides over the case. Margaret Maxwell
McClure, Esq., at Law Office of Margaret M. McClure, as bankruptcy
counsel.

In its petition, the Debtor estimated $1 million to $10 million in
both assets and liabilities. The petition was signed by Alwin G.
Morgan, managing member.



8110 AERO DRIVE: Ch. 11 Plan Reinstates Note with Wells Fargo
-------------------------------------------------------------
8110 Aero Drive Holdings, LLC, filed with the U.S. Bankruptcy Court
for the Southern District of California a disclosure statement and
accompanying plan of reorganization, dated Dec. 9, 2016.

The most significant provision of the Plan will be the
reinstatement of the Debtor's note with its first priority secured
creditor, Wells Fargo, National Association, as Trustee for the
Benefit of the Registered Holders of JPMBB Commercial Mortgage
Securities Trust 2013-C-14, Commercial Mortgage Pass-Through
Certificates, Series 2013-C-14.  On the Effective Date, the Debtor
will transfer approximately $200,000 or other sum deemed to be
owing by the Court, of the Cash Contribution to the Secured
Creditor.  It is the Debtor's position that pursuant to the terms
of the Secured Creditor Loan, the Debtor will on the Effective Date
of the Plan owe Secured Creditor approximately $200,000 in unpaid
interest, reserve account funding, reasonable attorney fees and
other costs.  These amounts will be paid to Secured Creditor on the
Effective Date or when Debtor and Secured Creditor agree on those
sums or the Court determines those sums that Debtor contends will
fully cure and reinstate the Secured Creditor's Loan.

The Plan contemplates an infusion of Cash of approximately
$1,500,000 (a $500,000 capital contribution and $1,000,000 loan)
from the Members -- The Burni Family Trust and The Ralph Burni
Trust -- wholly owned companies to the Debtor, which will not be
repaid until all creditors have been paid under the plan, in
exchange for a retention by the Members of 100% membership interest
in Reorganized Debtor.  The Cash Contribution to Debtor will be
paid within ten Business Days after the Confirmation Date or sooner
as may be needed to complete capital improvements, and will be used
by the Debtor to make Distributions to Allowed Claims as provided
in the Plan, reinstate due and owing unpaid interest and principal,
unfunded reserve, unpaid and allowable costs of approximately
$200,000 of the First Trust Deed holder on the Debtor Properties as
determined by the Court.  Approximately $950,000 of the Cash
Contribution will be used to complete the renovations remaining on
Debtor's Hotel, $150,000.00 will be reserved for fees and costs
incurred by Professional Persons in pursuit of confirming the Plan
and the balance of approximately $100,000 will be used to pay an
initial distribution to the Unsecured Priority Creditors on the
Effective Date with the balance owing to Unsecured Priority
Creditor and Unsecured Creditors paid over 24 months after the
Effective Date of the Plan in quarterly distributions commencing
four months from the Effective Date of $50,000 per quarter and any
additional sums owed upon the expiration of 24 months will be paid
in a lump sum until the Allowed Unsecured Priority Creditors and
Allowed Unsecured Creditors are paid 100% of their claims without
interest.

The primary source of Plan funding will be the Cash Contribution by
the Members, collection of Accounts Receivables, and Cash. The
Debtor projects approximately $12,652 in net ordinary income from
operations of the Hotel starting from Jan 2017 through Dec 2017.

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

       http://bankrupt.com/misc/casb16-03135-11-160.pdf 

                 About 8110 Aero Drive

8110 Aero Drive Holdings, LLC, based in San Diego, California,
filed a Chapter 11 petition (Bankr. S.D. Cal. Case No. 16-03135)
on
May 25, 2016. The Hon. Margaret M. Mann presides over the case.
William M. Rathbone, Esq., at Gordon & Rees LLP, serves as
bankruptcy counsel.

In its petition, the Debtor estimated $10 million to $50 million
in
both assets and liabilities. The petition was signed by Luz Burni,
authorized representative.

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


ADAMSVILLE PROPERTIES: Hires Re/Max as Real Estate Broker
---------------------------------------------------------
Adamsville Properties, LLC, seeks authority from the U.S.
Bankruptcy Court for the Western District of Pennsylvania to employ
Re/Max Hometown Realty as real estate broker to the Debtor.

Adamsville Properties requires Re/Max to:

   (a) market and promote for sale or disposition the Debtor's
       Property located at 3982 Main Street, Adamsville, PA
       16119, which is the Debtor's sole asset in the Bankruptcy
       Case;

   (b) procure buyers for the purchase of said Property;

   (c) attain the highest and most beneficial sale offer in order
       to better effectuate a timely and productive sale of the
       same;

   (d) provide other specialized asset disposition services as
       deemed necessary by the Debtor and/or its Counsel; and

   (e) perform such other services as may be requested by the
       Debtor and/or its Counsel.

Re/Max will be paid a commission of 6% of the total gross purchase
price.

Andy Bacallao, member of Re/Max Hometown Realty, assured the Court
that the firm is a "disinterested person" as the term is defined in
Section 101(14) of the Bankruptcy Code and does not represent any
interest adverse to the Debtor and its estates.

Re/Max can be reached at:

     Andy Bacallao
     RE/MAX HOMETOWN REALTY
     369 Chestnut St.
     Meadville, PA 16335
     Tel: (814) 795-7855
     Fax: (814) 333-1141

                       About Adamsville Properties

Adamsville Properties, LLC, sought Chapter 11 protection (Bankr.
W.D. Pa. Case No. 16-10923) on September 22, 2016, disclosing under
$1 million in both assets and liabilities. The Debtor is
represented by Michael P. Kruszewski, Esq., at The Quinn Law Firm.
No official committee of unsecured creditors has been appointed in
the case.



ADINATH CORP: Trustee Taps Meland Russin as Special Counsel
-----------------------------------------------------------
The official overseeing Simply Fashion Liquidating Trust seeks
approval from the U.S. Bankruptcy Court for the Southern District
of Florida to hire a special counsel.

Charles Berk proposes to hire Meland Russin & Budwick, P.A. to
prosecute avoidance claim on behalf of the liquidating trustee
against Chase Card Services, Inc.

The firm will be compensated on a contingency fee basis: (i) 20% of
the gross recoveries' by the trustee before the commencement of
litigation exclusive of claim reductions; (ii) 25% of the gross
recoveries after the commencement of litigation but before
mediation; and (iii) 30% of the gross recoveries' after mediation.

Daniel Gonzalez, Esq., at Meland, disclosed in a court filing that
his firm does not represent any interest adverse to the bankruptcy
estate.

The firm can be reached through:

     Daniel N. Gonzalez, Esq.
     Meland Russin & Budwick, P.A.
     Southeast Financial Center
     200 S. Biscayne Boulevard, Suite 3200
     Miami, FL 33131

                  About Simply Fashion Stores

Owned by the Shah family, Simply Fashion has 247 stores in 25
states across the country in major markets such as Detroit, Miami,
New Orleans, St. Louis, Chicago, Atlanta, Baltimore, Nashville and
Dallas. Founded in 1991, Simply Fashion is primarily a brick and
mortar retailer of Junior, Plus and Super Plus women's fashion
catering to African-American women between the ages of 25 and 55,
with locations in 25 states.

Adinath Corp. is the general partner of Simply Fashion. It is owned
100% by Bhavana Shah.

On April 16, 2015, Adinath and Simply Fashion Stores, Ltd., each
filed a voluntary petition for relief under Chapter 11 of the
United States Bankruptcy Code in Miami, Florida (Bankr. S.D. Fla.,
Case No. 15-16885). The cases are under the Honorable Laurel M.
Isicoff.

The Debtors have tapped Berger Singerman LLP as counsel; Kapila
Mukamal, LLP, as restructuring advisor; and Prime Clerk LLC as
claims and noticing agent.

Simply Fashion estimated $10 million to $50 million in assets and
debt.

The U.S. Trustee for Region 21 appointed five creditors to serve on
the official committee of unsecured creditors.  The Committee of
Unsecured Creditors of Adinath hires Robert A. Schatzman and the
law firm GrayRobinson, P.A. as local counsel. CBIZ Accounting, Tax
& Advisory of New York, LLC and CBIZ, Inc. serve as financial
advisors.

On July 24, 2015, the U.S. Trustee appointed James P.S. Leshaw as
consumer privacy ombudsman in the Debtors' Chapter 11 cases.

                          *     *     *

On Aug. 20, 2015, the Court entered an order authorizing the
Debtors to sell their intellectual property assets. Pursuant to
Section 5.1(b) of the Asset Purchase Agreement, the Debtors have
changed the legal name of "Simply Fashion Stores, Ltd." to "SFS,
Ltd."


ADVANTAGE AVIATION: Hires BVA Group as Financial Advisor
--------------------------------------------------------
Advantage Aviation Technologies, Inc. and Advantage Aviation
Technologies II, LLC seek authorization from the U.S. Bankruptcy
Court for the Northern District of Texas to employ BVA Group, LLC
as financial advisor.

The Debtors require BVA Group to:

   (a) prove support in developing the Debtors' plan of
       reorganization (the "Plan"), including:

       -- assisting Debtors with developing and presenting
          financial projections and overall plan of
          reorganization;

       -- evaluating existing loan agreements and potential
          restructuring alternatives; and  

       -- evaluating strategic alternatives with regards to real
          estate, specifically analyzing the cost/benefit of the
          Cleburne facility relative to current and potential
          Dallas location;

   (b) assist Debtors in prioritizing potential Dallas County tax
       protests on Debtor owned equipment; and  

   (c) provide assistance with such other matters as may be
       requested that fall within BVA's expertise that are
       mutually agreeable.

BVA Group will be paid at these hourly rates:

       Erica Bramer             $395
       Supporting Staff         $250-$350

BVA Group will also be reimbursed for reasonable out-of-pocket
expenses incurred.

BVA Group required a retainer of $10,000 in order to commence
services for the Debtors.  BVA Group will hold the retainer and
only apply the retainer upon Court approval of its post petition
fees and expenses.

Erica Bramer, executive vice president and partner of BVA Group,
assured the Court that the firm is a "disinterested person" as the
term is defined in Section 101(14) of the Bankruptcy Code and does
not represent any interest adverse to the Debtors and their
estates.

BVA Group can be reached at:

       Erica Bramer
       BVA GROUP, LLC
       7250 Dallas Parkway
       Plano TX 75024
       Tel: (927) 377-0300

           About Advantage Aviation Technologies

Advantage Aviation Technologies II, LLC filed a Chapter 11 petition
(Bankr. N.D. Tex. Case No.: 16-31973) on May 15, 2016, and is
represented by Rakhee V. Patel, Esq., in Dallas, Texas.

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

The petition was signed by Dennis Moore, president.

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



AGT FOOD: DBRS Confirms 'B(high)' Issuer Rating
-----------------------------------------------
DBRS Limited confirmed the Issuer Rating of AGT Food & Ingredients
Inc. (AGT or the Company) at B (high) and assigned a provisional
rating of BB (low) to the Company’s proposed issuance of $175
million of Senior Unsecured Notes, with a recovery rating of RR3.
Proceeds from the proposed issuance of new Senior Unsecured Notes
are expected to be used to fully redeem all of the Company’s
outstanding Senior Secured High-Yield Notes (on or around February
14, 2017, the earliest time at which they can be redeemed at par)
as well as to repay amounts drawn on the Company’s credit
facilities (held at Alliance Pulse Processors Inc. (APP) with a
first-lien on APP assets). The RR3 Recovery Rating on the Senior
Unsecured Notes assumes the full repayment of the outstanding
Senior Secured High-Yield Notes, at which time, upon the closing of
the redemption in early 2017 of the Senior Secured High-Yield
Notes, the associated rating will be discontinued-repaid.

AGT’s Issuer Rating continues to be supported by its market
position in global pulses, diversification (geography, supplier and
customers) and favourable industry trends. The rating also reflects
volatility in input costs, sensitivity to weather and growing
conditions, the low-margin and capital-intensive nature of AGT’s
core business, competition and risks associated with the
Company’s growth.

The confirmation of the Issuer Rating is based on the Company’s
solid operating performance to September 30, 2016, which continued
to display meaningful growth in revenues and improved margins,
benefitting from the vertical integration capabilities provided by
recent acquisitions in the Company’s core business as well as
continued progress in food ingredients. EBITDA continued to grow at
a steady pace, rising to $109 million for the last 12 months (LTM)
ended September 30, 2016, versus $94 million in 2015 and $80
million in 2014. AGT’s financial profile remained relatively
stable in the LTM ended September 30, 2016, as improved operating
income and cash flow largely offset further increases in
balance-sheet debt (long-term debt of $366.2 million at the end of
September 30, 2016 versus $344.3 million at the end of 2015 and
$276.2 million at September 30, 2015), helping to maintain credit
metrics within a range considered acceptable for the current B
(high) Issuer Rating (i.e., total debt-to-EBITDA of 4.68 times (x),
long-term debt-to-EBITDA of 3.35x and EBITDA coverage of 3.35x,
respectively, for the LTM ended September 30, 2016).

Going forward, DBRS believes that AGT’s earnings profile should
remain well placed for the current B (high) Issuer Rating on a
through-the-cycle basis and could improve over the near to medium
term if AGT continues to leverage its vertical integration in the
core business and gains further traction growing its food
ingredients, including a greater proportion of higher-margin human
food (from pet food). AGT’s financial profile should remain at
least stable in the near to medium term, as free cash generating
capacity is expected to increase and turn positive, driven by
rising operating income and cash flow combined with declining
expansionary capex and a stable dividend. DBRS believes that AGT
will continue to invest in growth and therefore expects that future
improvement in credit metrics will be driven primarily by growth in
operating income and cash flow rather than debt repayment. Should
AGT be successful at improving its business mix by continuing to
grow the higher-margin and more stable business segment, as well as
its free cash flow and credit metrics (i.e., debt-to-EBITDA below
4.0x and long-term debt-to-EBITDA below 3.0x), a positive rating
action could result.

The provisional Recovery Rating on the proposed Senior Unsecured
Notes is RR3, representing expected recovery in the 60% to 80%
range. DBRS believes that recovery on the proposed Senior Unsecured
Notes will continue to be based primarily on the assets in Turkey
of the Arbel Group (inventory, receivables and property). The
Recovery Rating on the proposed Senior Unsecured Notes also
benefits contractually from subordination agreements, which (1)
provide contractually senior-ranking guarantees from the Arbel
Group, AGT Foods South Africa Ltd. and Alliance Grain Traders
(Switzerland) SA; and (2) contractually subordinates the claims of
a substantial portion of the intercompany payables owed by the
Arbel Group to AGT (and Alliance Grain Traders (Switzerland) SA and
from APP to AGT) versus the claims of unsecured noteholders.

Notes: All figures are in Canadian dollars unless otherwise noted.


The rated entity or its related entities did participate in the
rating process. DBRS had access to the accounts and other relevant
internal documents of the rated entity or its related entities.

RATINGS

Issuer           Debt Rated           Rating Action        Rating
------           ----------           -------------        ------
AGT Food and     Senior Unsecured      Provis.-New        BB (low)
Ingredients      Notes
Inc.

AGT Food and     Issuer Rating          Confirmed         B (high)
Ingredients
Inc.


ALTA MESA: Awards Frank Murrell 20,000 PAR Units
------------------------------------------------
A committee of the Board of Directors of Alta Mesa Holdings GP,
LLC, the general partner of Alta Mesa Holdings, LP, a Texas limited
partnership, awarded to Frank David Murrell, vice president of land
and business development, 20,000 performance appreciation rights
units under the Alta Mesa Holdings, L.P. Performance Appreciation
Rights Plan.  The effective date of the award is Jan. 1, 2017, and
the awarded PAR units vest over a 5-year period.  The Stipulated
Initial Designated Value of the units is $40 per unit.  Under the
PAR Plan, payout is based on the increase of the value of the units
over the SIDV as determined by the PAR Plan Committee at the
earlier of a Liquidity Event (as defined in the PAR Plan) or at a
Fixed Determination Date (as defined in the PAR Plan) which is at
least 5 years from the date of issuance of the award.

                        About Alta Mesa

Headquartered in Houston, Texas, Alta Mesa is a privately held
company engaged primarily in onshore oil and natural gas
acquisition, exploitation, exploration and production whose focus
is to maximize the profitability of its assets in a safe and
environmentally sound manner.  The Company seeks to maintain a
portfolio of lower risk properties in plays with known resources
where the Company identifies a large inventory of lower risk
drilling, development, and enhanced recovery and exploitation
opportunities.  The Company maximizes the profitability of its
assets by focusing on sound engineering, enhanced geological
techniques including 3-D seismic analysis, and proven drilling,
stimulation, completion, and production methods.

As of Sept. 30, 2016, Alta Mesa had $780.1 million in total assets,
$1.07 billion in total liabilities and a partners' deficit of
$298.0 million.

Alta Mesa reported a net loss of $131.8 million for the year ended
Dec. 31, 2015, following net income of $99.20 million for the year
ended Dec. 31, 2014.

                          *    *    *

In December 2016, Moody's Investors Service placed Alta Mesa
Holdings' 'Caa2' Corporate Family Rating (CFR) and 'Caa2-PD'
Probability of Default Rating (PDR) under review for
upgrade and assigned a 'Caa1' rating to the proposed offering of
$450 million of senior unsecured notes.

In December 2016, S&P Global Ratings said that it raised its
corporate credit rating on Alta Mesa Holdings to 'B-' from 'CCC+'.
"The upgrade follows Alta Mesa's announcement that it used the
proceeds from a recent preferred equity issuance to pay down its
second-lien debt and repay part of the revolving credit facility,"
said S&P Global Ratings' credit analyst Daniel Krauss.


ARMADA WATER: Has Until Jan. 18 to File Chapter 11 Plan
-------------------------------------------------------
Judge David R. Jones of the U.S. Bankruptcy Court for the Southern
District of Texas extended Armada Water Assets, Inc., et al.'s
exclusive periods for filing and soliciting acceptances of a plan
to January 18, 2017 and March 20, 2017, respectively.

The Debtors previously sought the extension of their exclusive
periods, relating that they had made progress toward the
formulation of a plan of reorganization, specifically, the Debtors
have investigated the previously unknown Joint Development
Agreement with RecyClean Consulting Services, Inc. and, together
with the Official Committee of Unsecured Creditors, have met and
negotiated with RecyClean regarding the subject technology.  The
Debtors further related that they have reached an agreement with
RecyClean in principle regarding a global settlement of their
mutual claims, which would be incorporated into a plan of
reorganization that is likely to have the support of the Official
Committee of Unsecured Creditors.

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

             About Armada Water Assets, Inc.

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

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

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

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

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



BBEAUTIFUL LLC: Seeks to Hire Olshan Frome as Special Counsel
-------------------------------------------------------------
BBeautiful, LLC seeks approval from the U.S. Bankruptcy Court for
the Central District of California to hire Olshan Frome Wolosky LLP
as special counsel.

The firm will represent the Debtor in a lawsuit it filed against
Rieke-Arminak Corp. and several others.  The hourly rates charged
by the firm for its services are:

     Michael Fox         $690
     Thomas Fleming      $690
     Matteo Rosselli     $500
  
Olshan Frome attests that it does not hold any interest adverse to
the Debtor's bankruptcy estate and is a "disinterested person" as
defined in section 101(14) of the Bankruptcy Code.

The firm can be reached through:

     Michael Fox, Esq.
     Olshan Frome Wolosky LLP
     1325 Avenue of the Americas
     New York, NY 10019
     Tel: 212.451.2300
     Fax: 212.451.2222
     Email: info@olshanlaw.com

                       About BBeautiful LLC

BBeautiful LLC sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. C.D. Cal. Case No. 16-10799) on Jan. 22, 2016.  The
petition was signed by Helga Arminak, operating manager.  The
Debtor is represented by Steven Werth, Esq., at SulmeyerKupetz.
The case is assigned to Judge Ernest M. Robles.  The Debtor
estimated assets of $1 million to $10 million and debts of $100,000
to $500,000.


BCDG LP: Hires Eric Brewer of Eastman & Co as Financial Advisor
---------------------------------------------------------------
BCDG, LP asks for permission from the Hon. Anita L. Shodeen of the
U.S. Bankruptcy Court for the Southern District of Iowa to employ
Eric M. Brewer and Eastman & Company as financial advisor,
effective November 18, 2016 petition date.

The Debtor requires Mr. Brewer and Eastman to:

    -- assist the Debtor in its financial responsibilities as a
       Debtor and Debtor in Possession under the Chapter 11 and US

       Trustee Guidelines and Cash Collateral Order;

    -- assist the Debtor, its General Reorganization Counsel, and
       its General Reorganization Accountant;

    -- provide reporting as necessary to assist in preparing
       required monthly reports for the Court and the Office of
       the United States Trustee;

    -- provide court testimony when needed; and  

    -- perform all other financial advisory services for the
       Debtor as Debtor in Possession which may be necessary in
       relation thereto.

Mr. Brewer will render services to the Debtor at his regular hourly
rate of $230, and Eastman & Company staff will render services to
the Debtor at their regular hourly rates ranging from $80 to $140.


The financial advisor will also be reimbursed for reasonable
out-of-pocket expenses incurred.

The Debtor proposes to pay Mr. Brewer a $5,000 post-petition
retainer to guarantee payment of his services in the Chapter 11
case.

Mr. Brewer 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.

Mr. Brewer can be reached at:

       Eric M. Brewer, CPA
       EASTMAN & COMPANY
       12245 Stratford Drive
       Clive, IA  50325
       Tel: (515) 453-9541
       Fax: (515) 453-9547
       E-mail: eric@eastmanandcompany.com

                        About BCDG, LP

BCDG, LP, d/b/a McDonald's, filed a chapter 11 petition (Bankr.
S.D. Iowa Case No. 16-02263) on Nov. 18, 2016.  The petition was
signed by Brown Customer Delight Group, Inc., general partner. The
Debtor is represented by Jeffrey D. Goetz, Esq., Chet A. Mellema,
Esq., and Krystal R. Mikkilineni, Esq., at Bradshaw, Fowler,
Proctor & Fairgrave PC.  The Debtor disclosed total assets at $6.70
million and total liabilities at $15.62 million.


BCDG LP: U.S. Trustee Forms 3-Member Committee
----------------------------------------------
The U.S. Trustee for Region 12 on Dec. 16 appointed three creditors
of BCDG, LP, to serve on the official committee of unsecured
creditors.

The committee members are:

     (1) TASS Enterprises, Inc.
         c/o Steven Nelson
         34750 Washington Street
         Palm Desert, CA 92211
         Phone: (760) 851-4109
         Attorney: Erik S. Fisk
         Email: fisk@whitfieldlaw.com

     (2) Global Merchant Cash, Inc.
         c/o Jay Keller
         64 Beaver Street, Suite 415
         New York, NY 10004
         Phone: (877) 795-1677
         Fax: (212) 981-9195
         Email: avital@walfunding.com

     (3) Mid Iowa McDonald’s Operators Group, Inc.
         c/o James Baker
         4923 Lincoln Way
         Ames, IA 50014
         Phone: (515) 292-1388
         Fax: (515) 292-6410
         Email: James.baker@partners.med.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.

                         About BCDG LP

BCDG, LP, d/b/a McDonald's, filed a chapter 11 petition (Bankr.
S.D. Iowa Case No. 16-02263) on Nov. 18, 2016.  The petition was
signed by Brown Customer Delight Group, Inc., general partner.  The
Debtor is represented by Jeffrey D. Goetz, Esq., Chet A. Mellema,
Esq., and Krystal R. Mikkilineni, Esq., at Bradshaw, Fowler,
Proctor & Fairgrave PC.  The Debtor disclosed total assets at $6.70
million and total liabilities at $15.62 million.


BENZIE LEASING: Submits Cash Collateral Stipulation
---------------------------------------------------
Benzie Leasing, LLC, Honor Bank, and the Office of the United
States Trustee submitted to the U.S. Bankruptcy Court for the
Western District of Michigan their Stipulation extending the
Debtor's continued use of cash collateral and the payment of
adequate protection.

The parties previously stipulated to the use of cash collateral and
for payment of adequate protection until Dec. 15, 2016.  

The Stipulation provided for the Debtor's continued use of cash
collateral and the monthly payment of adequate protection payments
until further agreement of the parties, confirmation of the
Debtor's Plan of Reorganization, further Order of the Court, or for
the next 90 days, whichever will come sooner.

A full-text copy of the Stipulation, dated Dec. 14, 2016, is
available at
http://bankrupt.com/misc/BenzieLeasing2016_1600348jwb_91.pdf

Honor Bank is represented by:

          John M. Grogan, Esq.
          423 E. Eighth St.
          Traverse City, MI 49686
          Telephone: (231) 944-1529
          E-mail: Jmgroganlaw@gmail.com

                   About Benzie Leasing, LLC

Benzie Leasing, LLC -- dba Xpress Lube of Benzonia, Bay Auto Wash
and Benzie Wash -- filed a chapter 11 petition (Bankr. W.D. Mich.
Case No. 16-00348) on Jan. 28, 2016.  The petition was signed by
David A. Wolfe, sole member and manager.  The Debtor is represented
by Michael P. Corcoran, Esq., at Corcoran Law Office.  The case is
assigned to Judge James W. Boyd.  The Debtor disclosed $817,220 in
assets and debt totaling $1.27 million at the time of the filing.



BERNARD L. MADOFF: Court Dismisses Cross-Claims in Suit vs. HSBC
----------------------------------------------------------------
Judge Stuart M. Bernstein of the United States Bankruptcy Court for
the Southern District of New York granted a motion to dismiss
cross-claims in the adversary proceeding captioned IRVING H.
PICARD, Trustee for the Liquidation of Bernard L. Madoff Investment
Securities LLC, Plaintiff, v. HSBC BANK PLC, et al., Defendants,
Adv. Pro. Nos. 08-01789 (SMB), 09-01364 (SMB) (Bankr. S.D.N.Y.).

Irving H. Picard, as trustee of the liquidation of Bernard L.
Madoff Investment Securities LLC under the Securities Investor
Protection Act of 1970 (SIPA), brought the adversary proceeding to
avoid and recover initial transfers made to numerous feeder funds,
including Alpha Prime Fund Limited and Senator Fund SPC (together
with Alpha, the "Funds"), and subsequent transfers made to, inter
alia, the HSBC Securities Services (Bermuda) Limited (HSSB), HSBC
Institutional Trust Services (Bermuda) Limited (HITSB), HSBC Bank
Bermuda Limited (HBB), HSBC Securities Services (Luxembourg) S.A.
(HSSL), and HSBC Bank plc (HSBC Bank, and together with HSSB,
HITSB, HBB, and HSSL, the "HSBC Defendants").  

The Funds asserted numerous cross-claims against the HSBC
Defendants sounding in fraud, negligence and gross negligence,
breach of contract, breach of fiduciary duty, violations of
Luxembourg law and aiding and abetting for, among other things,
failing to properly monitor and manage the Funds' investments in
BLMIS, and in particular, appointing BLMIS as a sub-custodian of
their investments with BLMIS.

The HSBC Defendants moved to dismiss the Funds' cross-claims.

The Funds asserted that the Court may exercise "related to"
jurisdiction over the cross-claims pursuant to 11 U.S.C. section
1334(b) or, alternatively, supplemental jurisdiction pursuant to 28
U.S.C. section 1367(a).

The Funds argued that the cross-claims are "related to" to the
BLMIS SIPA liquidation because the allegations supporting the
cross-claims are the same as those supporting the Funds' defenses,
and the adjudication of the cross-claims "will effectively decide
the Funds' defenses against the Trustee ..."

Judge Bernstein disagreed.  "The outcome of the cross-claims will
not have any conceivable effect on the BLMIS estate, and will not
alter the BLMIS estate's "rights, liabilities, options, or freedom
of action (either positively or negatively)."  The Trustee is suing
the Funds, or is at least still suing Alpha, to recover initial
fraudulent transfers and equitably subordinate its SIPA customer
claims.  He also sued the HSBC Defendants to recover subsequent
transfers but those claims have been dismissed.  Alpha and Senator,
on the other hand, are suing the HSBC Defendants for breach of
contract, breach of fiduciary duty, negligence, gross negligence,
violations of Luxembourg law, aiding and abetting and fraud based
on the loss of their investments and the fees they paid.  Their
claims exist independent of the Trustee's claims and win or lose,
the outcome of the Cross-Claim litigation will not affect the SIPA
estate," explained the judge.

Alternatively, the Funds argued that the Court may exercise
supplemental jurisdiction over the cross-claims.  The Funds argued
that the facts underlying the cross-claims substantially overlap
with the Funds' defenses to the Trustee's two-year fraudulent
transfer and equitable subordination claims.

Judge Bernstein concluded that the Court lacked supplemental
jurisdiction over the cross-claims at the time they were asserted
because the Trustee's claims and the cross-claims do not arise out
of the same nucleus of facts.  The judge pointed out that the
claims are raised by different parties, and require different
proof.

The HSBC motion to dismiss was thus granted based upon the lack of
subject matter jurisdiction and the Court's determination not to
exercise supplemental jurisdiction.

A full-text copy of Judge Boyle's December 14, 2016 order is
available at https://is.gd/GnJ5rc from Leagle.com.

Securities Investor Protection Corporation, Plaintiff, represented
by Kevin H. Bell, Securities Investor Protection Corp, Nathanael
Kelley, Securities Investor Protection Corporation, Christopher H.
LaRosa, Securities Investor Protection Corp & Josephine Wang,
Securities Investor Protection Corp..

Russell Oasis, Defendant, represented by Helen Davis Chaitman --
hchaitman@chaitmanllp.com -- Chaitman LLP & Gregory M. Dexter,
Chaitman LLP.

Edmond A. Gorek, Defendant, represented by Margarita Y. Ginzburg,
Day Pitney LLP & Thomas D. Goldberg -- tgoldberg@daypitney.com --
Day Pitney LLP.

Gerald J. Block, Defendant, represented by Jessica Mikhailevich --
mikhailevich.jessica@dorsey.com -- Dorsey & Whitney LLP.

A&G Goldman Partnership, Defendant, represented by Michael Ira
Goldberg -- michael.goldberg@akerman.com -- Akerman LLP.

Carl Glick, Defendant, represented by Alec P. Ostrow --
aostrow@beckerglynn.com -- Becker, Glynn, Muffly, Chassin &
Hosinski LLP.

L.H. Rich Companies, Defendant, represented by Andrew J. Goodman --
agoodman@gsblaw.com -- Garvey Schubert Barer.

HSBC Bank Bermuda Limited, Defendant, represented by Thomas J.
Moloney -- tmoloney@cgsh.com -- Cleary, Gottlieb, Steen & Hamilton
LLP.

El Prela Trading Investments Limited, Defendant, represented by
Timothy P. Harkness -- timothy.harkness@freshfields.com --
Freshfields Bruckhaus Deringer LLP.

Citi Hedge Fund Services Limited, Defendant, represented by Carmine
Boccuzzi -- cboccuzzi@cgsh.com –- Cleary, Gottlieb, Steen &
Hamilton.

FIM Limited, Defendant, represented by Mor Wetzler --
morwetzler@paulhastings.com -- Paul Hastings LLP.

Kingate Euro Fund, Ltd., Defendant, represented by Rex Lee, Quinn
Emanuel Urquhart Oliver & Hedges, LLP, Robert S. Loigman, Quinn
Emanuel Urquhart & Sullivan LLP, Xochitl S. Strohbehn, Venable &
Lindsay M. Weber, Quinn Emanuel Urquhart & Sullivan, LLP.

Kingate Management Limited, Defendant, represented by Scott W.
Reynolds, Chaffetz Lindsey LLP & Erin E. Valentine, Chaffetz
Lindsey LLP.

Milberg LLP and Seeger Weiss LLP Defendants, Defendant, represented
by Matthew A. Kupillas, Milberg LLP.

Sidney Marks, Defendant, represented by Charles Collier Platt,
Wilmer Cutler Pickering Hale and Dorr LLP.

Susan Schemen Fradin, Defendant, represented by Joseph Thompson
Baio, Willkie Farr & Gallagher LLP.

Epic Ventures, LLC, and Eric P. Stein, Defendant, represented by
Carole Neville, DENTONS US LLP.

Sharon A. Raddock, Defendant, represented by Richard Levy, Jr.,
Pryor Cashman LLP.

SG Hambros Bank & Trust (Bahamas) Limited, Defendant, represented
by John F. Zulack, Flemming Zulack Williamson Zauderer LLP.

Estate of Sheldon Shaffer, Defendant, represented by Brendan M.
Scott, Klestadt Winters Jureller.

Nine Thirty Partners Holdings, LLC, Defendant, represented by
Richard A. Kirby, Baker & McKenzie LLP.

Mercedes P. Rea, Defendant, represented by Richard E. Signorelli.

Queensgate Foundation, Defendant, represented by David J. Eiseman,
Golenbock Eiseman Assor Bell & Peskoe LL.

Elaine S. Stein Revocable Trust, Defendant, represented by Douglas
L. Furth, Golenbock Eiseman Assor Bell & Peskoe, LLP.

Evelyn Fisher, Defendant, represented by Terence William McCormick,
Mintz & Gold LLP.

KENNETH CITRON, Defendant, represented by Barry R. Lax, Lax &
Neville LLP.

Leslie Shapiro 1985 Trust, Defendant, represented by Brian Neville,
Lax & Neville LLP.

Peter G. Chernis Revocable Trust dtd 1/16/87, Defendant,
represented by Michael R. Lastowski, Duane Morris LLP.

Banque J. Safra (Suisse) S.A., Defendant, represented by Marisa
Glassman, Sullivan & Cromwell LLP & Robinson B. Lacy, Sullivan &
Cromwell LLP.

Ariel Fund Limited And Gabriel Capital, L.P., Defendant,
represented by Jordan W. Siev, Reed Smith LLP.

J. Ezra Merkin, Defendant, represented by Neil A. Steiner, Dechert
LLP.

Fairfield Greenwich Limited, Defendant, represented by Mark G.
Cunha, Simpson Thacher & Bartlett.

Lawrence Elins, Defendant, represented by Matthew J. Gold,
Kleinberg, Kaplan, Wolff & Cohen, P.C..

Marion B. Roth, Defendant, represented by Michele L. Pahmer,
Stroock & Stroock & Lavan LLP.

Ascot Fund Ltd., Defendant, represented by Judith A. Archer, Norton
Rose Fulbright US LLP & Jami Mills Vibbert, Norton Rose Fulbright
US LLP.

C&P Associates, Ltd., C&P Associates, Ltd., Defendant, represented
by Alex Reisen, Arkin Solbakken LLP.

The Wiener Family Limited Partnership, Wiener Family Holding Corp.,
Marvin M. Wiener and Sondra M. Wiener,Charles E. Wiener and Carolyn
B. Wiener, Defendant, represented by Richard M. Meth, Fox
Rothschild LLP.

Stuart Perlen and Myra Perlen, in their capacities as trustees for
the Trust F/B/O Melissa Perlen U/A Dated 9/12/1979, Defendant,
represented by Jonathan L. Flaxer, Golenbock, Eiseman, Assor, Bell
& Peskoe, LLP.

Legacy Capital, Ltd., Defendant, represented by Nicholas F. Kajon,
Stevens & Lee, P.C..

Public Institution for Social Security, Defendant, represented by
Gregory W. Fox, Goodwin Procter LLP.

Grosvenor Aggressive Growth Fund Limited, Defendant, represented by
Gregg Mashberg, Proskauer Rose LLP.

Banque Syz SA, Defendant, represented by Richard B. Levin, Jenner &
Block LLP.

Bank Austria Worldwide Fund Management Ltd., Defendant, represented
by Franklin B. Velie, Sullivan & Worcester LLP.

Banca Carige S.p.A., Defendant, represented by David J. Mark,
Kasowitx, Benson, Torres & Friedman.

ABN AMRO BANK N.V. (presently known as THE ROYAL BANK OF SCOTLAND,
N.V.), Defendant, represented by Michael S. Feldberg, Allen &
Overy, LLP.

Northern Trust Corporation, Defendant, represented by Anthony L.
Paccione.

Fullerton Capital Pte. Ltd., Defendant, represented by Anthony D.
Boccanfuso, Arnold & Porter.

KBC Investments Limited, Defendant, represented by Alan Unger,
Sidley Austin LLP.

UBS Deutschland AG, Defendant, represented by Marshall R. King,
Gibson, Dunn & Crutcher, LLP.

Schroder & Co Bank AG, Defendant, represented by Robert S.
Fischler, Ropes & Gray LLP.

ZCM Asset Holding Company (Bermuda) LLC, Defendant, represented by
Jack G. Stern, Boies, Schiller & Flexner, LLP.

Unifortune Conservative Fund, Defendant, represented by David Noah
Greenwald, Cravath, Swaine & Moore LLP.

Six Sis AG, Defendant, represented by Andreas A. Frischknecht,
Chaffetz Lindsey LLP.

LGT Bank (Switzerland) Ltd., Defendant, represented by Dorothy
Heyl, Milbank, Tweed, Hadley & McCloy.

Andrew H. Cohen, Defendant, represented by Gregory Goett, Lewis &
McKenna.

Donald J. Weiss, Defendant, represented by Ronald L. Israel, Wolff
& Samson PC.

Patricia DeLuca, Defendant, represented by Robert A. Rich, Hunton &
Williams LLP.

Irving H. Picard, Trustee, represented by Jonathan R. Barr, Baker &
Hostetler LLP, Seanna Brown, Baker & Hostetler LLP, John J. Burke,
Baker Hostetler LLP, Bik Cheema, Baker & Hostetler LLP, Nicholas
Cremona, Baker & Hostetler LLP, Brian K. Esser, Baker & Hostetler
LLP, Jessie Morgan Gabriel, Baker & Hostetler LLP, John Moscow,
Baker & Hostetler LLP, Keith R. Murphy, Baker & Hostetler LLP,
Irving H. Picard, Baker & Hostetler LLP, Geraldine E. Ponto, Baker
& Hostetler, Lauren Resnick, Baker & Hostetler LLP, Jorian L. Rose,
Baker Hostetler LLP, Elizabeth A. Scully, Baker & Hostetler LLP,
David J. Sheehan, Baker & Hostetler LLP, David J. Sheehan, Baker &
Hostetler LLP, Howard L. Simon, Windels Marx Lane & Mittendorf,
LLP, Jennifer M. Walrath, Baker & Hostetler LLP, Oren Warshavsky,
Baker & Hostetler LLP & Catherine Elizabeth Woltering, Baker
Hostetler LLP.

Kenneth M. Krys and Charlotte Caulfield as Joint Liquidators and
Foreign Representatives of Fairfield Sentry Limited, Fairfield
Sigma Limited, and Fairfield Lambda Limited, Liquidator,
represented by Elizabeth A. Molino, Brown Rudnick LLP.

Jeffrey Kusama-Hinte, Counter-Claimant, represented by Martin J.
Auerbach.

Irving H. Picard, Trustee for the Liquidation of Bernard L. Madoff
Investment Securities LLC, Counter-Defendant, represented by Regina
Griffin, Baker & Hostetler LLP, Edward John Jacobs, Baker Hostetler
LLP, Thomas L. Long, Baker & Hostetler, LLP & Matthew B. Lunn,
Young Conaway Stargatt & Taylor, LLP.

                    About Bernard L. Madoff

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

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

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

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

From recoveries in lawsuits coupled with money advanced by SIPC,
Mr. Picard has commenced distributions to victims.  As of Dec. 14,
2016, the SIPA Trustee has recovered more than $11.486 billion and,
following the eight interim distribution in January 2017, will
raise total distributions to approximately $9.72 billion, which
includes more than $839.6 million in advances committed by SIPC.


BGM PASADENA: Rankin Villa Buying Pasadena Property for $12.6M
--------------------------------------------------------------
BGM Pasadena, LLC, asks the the U.S. Bankruptcy Court for the
Central District of California to authorize the sale of real
property commonly known as 210, 244 & 248 S. Orange Grove, Blvd,
Pasadena, California, to Rankin Villa, LLC for $12,600,000.

A hearing on the Motion is set for Jan. 11, 2017 at 11:00 a.m.

On Dec. 22, 2011, the Court entered an Order Approving that certain
"Settlement Agreement" between the Debtor and City Ventures and/or
its wholly owned entity Pasadena Apts-7, LLC, ("PA-7").  On March
27, 2012, the Court entered an Order Approving Chapter 11 Plan of
Reorganization ("2012 Plan") (Case No. 09-39135).  On Feb. 26,
2013, the Court entered the  Final Decree.  Case No. 09-39135 was
closed on March 18, 2013.

During the post-confirmation (2012 Plan) development of certain
lots adjacent to the Property by City Ventures, numerous disputes
arose between the Debtor and City Ventures over the development.
Following several mediation agreements and arbitration awards
arising out of the Site Development Agreement and/or the Settlement
Agreement, on Feb. 9, 2015, City Ventures recorded a Notice of
Default and Election to Sell Under Deeds of Trust based upon an
allegedly non-curable default resulting from an immaterial change
in the Debtor's ownership structure.  The Debtor unsuccessfully
attempted to resolve the alleged defaults through additional
arbitration and mediation and on Nov. 20, 2015, the Debtor filed a
voluntary petition for relief under Chapter 11 of the Bankruptcy
Code to allow completion of its performance under the 2012 Plan and
Settlement Agreement.

The Debtor filed the case to protect its assets while completing
the terms and payments of the 2012 Plan.  In that spirit, on Jan.
22, 2016, the Debtor filed a plan that treated all creditors as
unimpaired and paid creditors in-full prior to maturity of the
loans.  The plan was modified on Feb. 10, 2016, and set for hearing
on March 9, 2016.  On March 15, 2016, PA-7 filed 2 motions for
relief from the automatic stay.  At the March 9, 2016, hearing, the
Court, disagreeing with the Debtor's contention that no disclosure
statement was required because no voting would be solicited on the
unimpaired plan, found the Plan failed to satisfy 11 U.S.C.
Section, and granted PA-7 relief from the automatic stay to
foreclose on the Property.  On June 6, 2016, unable to secure a
stay pending appeal and to avoid the foreclosure sales scheduled
for June 7, 2016, a capital contribution in the amount of PA-7's
demand ($5,368,583), was made to the Debtor and transferred to
PA-7.

On Sept. 23, 2016, the Court entered an Order Approving Second
Amended Disclosure Statement Dated Sept. 19, 2016 ("Disclosure
Statement").  The Disclosure Statement describes the Debtor's Fifth
Amended Plan of Reorganization filed Sept. 23, 2016.  The
confirmation hearing on the Plan was held on Dec. 1, 2016, at 10:30
a.m.  Like the prior plan, in keeping with the Debtor's objectives
in the case, the Disclosure Statement and Plan provided to pay all
creditors in-full prior to maturity.  The source of payments to
creditors was described as from "rental income, capital
contributions, refinance of the Property and/or from co-obligor
payment(s)."

As detailed supra in the Statement of Facts, since commencement of
the Case the Debtor has endeavored to pay all creditors in-full
prior to maturity.  The Debtor still desires to effectuate this
intention, but has come to realize that the Property, which has an
appraised value of $12,600,000 has become a distraction to certain
creditors who are more preoccupied with how to own the Property
than how to get paid.  In light of that fact and the current
procedural posture of the case, including the expiration of
exclusivity and a pending motion for relief form stay, the Debtor
proposes to effectuate its need to obtain financing through a sale
of the Property to Rankin Villa.

Rankin Villa was formed in response to lender requirements that the
borrower be a bankruptcy remote, single purpose entity. The
Purchaser has common ownership with the Debtor, and should be
considered an insider related entity.  

The purchase price for the proposed Sale is $12,600,000 and will
close upon entry of an order by the Court.  According to the
Debtor's estimates, the total amount of allowed secured and
unsecured claims in the case (excluding insider claims) is
approximately $7,600,000; therefore, the proposed Sale combined
with other funding sources, will be sufficient to pay all creditors
in full.

Rankin Villa will purchase the Property with a $6,950,000 loan from
Owens Financial Group secured by a first deed of trust on the
Property, a cash contribution and a debt/equity swap for the
balance.  Amounts owed to Smith Family Trust and guaranteed by the
Debtor will be paid by the primary obligor before the Sale closes.
Insider unsecured claims, which would otherwise need to be paid
under a sale to a non-insider third party, will be converted to
equity.  These funding sources, along with the projected cash held
by the Debtor on the anticipated closing date, represent sufficient
funds to pay all allowed claims.

The Debtor proposes to pay all creditors' undisputed claim amounts
from escrow or Debtor's deposit accounts.

A copy of the estimated claim amounts and proposed payments, and
the Purchase Agreement attached to the Motion is available for free
at:

          http://bankrupt.com/misc/BGM_Pasadena_577_Sales.pdf

The Debtor has fully disclosed that the purchaser is deemed an
insider, and the Debtor proposes to obtain the necessary exit
financing through a sale of the Property to Rankin Villa, a
procedural tool to effectuate payment to creditors in-full.
Indeed, it is clear that the Property has become a distraction to
certain creditors who are intent on owning the Property and are
resisting the Debtor’s efforts to effectuate payoff.  The
proposed Sale will finally allow the 2012 Plan to be completed, and
will provide all creditors payment in-full prior to the maturity
date of the loans.  Accordingly, the Debtor asks the Court to
approve the sale of Property to Rankin Villa free and clear of
liens, claims, encumbrances and other interests.

The Debtor asks that the stay imposed by Rule 6004(h) of the
Federal Rules of Bankruptcy Procedure be waived.  As discussed
supra, it is in the best interests of the estate that the sale be
consummated as quickly as possible without any stay of the order.
A stay will only further delay payment to creditors and resolution
of the case.

The Purchaser can be reached at:

          Megan Galletly, Manager
          RANKIN VILLA, LLC
          Telephone: (626) 204-5251
          Facsimile: (626) 204-5201
          E-mail: mgalletly@dornplatz.com

                   About BGM Pasadena

BGM Pasadena, LLC, a single asset real estate, filed Chapter 11
bankruptcy petition (Bankr. C.D. Cal. Case No. 15-27833) on Nov.
20, 2015.  Greg Galletly, the manager, signed the petition.  Judge
Richard M. Neiter has been assigned the case.  The Debtor
estimated
assets in the range of $10 million to $50 million and liabilities
of at least $1 million.  James A. Tiemstra, Esq., and Lisa
Lenherr,
Esq., at Tiemstra Law Group PC, in Oakland, California, serve as
counsel to the Debtor.


BILL BARRETT: JVL Advisors Reports 7.2% Equity Stake as of Dec. 12
------------------------------------------------------------------
In an amended Schedule 13G filed with the Securities and Exchange
Commission, JVL Advisors, LLC and John V. Lovoi disclosed that as
of Dec. 12, 2016, they beneficially own 5,496,582 shares of common
stock, par value $0.001 per share, of Bill Barrett Corporation
representing 7.26 percent of the shares outstanding.

Also included in the regulatory filing are: Navitas Fund LP
(452,673 shares); Luxiver, LP (1,942,500 shares); Hephaestus Energy
Fund, LP (1,811,766 shares); Asklepios Energy Fund, LP (258,934
shares); Panakeia Energy Fund, LP (156,757 shares); Children's
Energy Fund, LP (413,276 shares); LVPU, LP (215,920 shares); and
Blackbird 1846 Energy Fund, LP (244,756 shares).

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

                     https://is.gd/cY1eQJ

                      About Bill Barrett

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

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

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

                            *    *    *

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

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


BIOSCRIP INC: Outlines Plan to Increase Liquidity
-------------------------------------------------
BioScrip, Inc., has introduced a proposed amendment to its credit
agreement intended to amend the original credit agreement, dated
July 31, 2013, among BioScrip, the guarantors, SunTrust Bank as
administrative agent, and a syndicate of lenders.

The proposed amendment would reduce the restrictive debt leverage
covenant in the Credit Agreement for the next seven quarters, which
is anticipated to allow the Company to be prospectively compliant
for the next year and half.  The proposed Amendment restructures
the existing revolving credit facility, providing BioScrip with
immediate access to $15 million in incremental liquidity.  Under
the proposed terms of the Amendment, the loan maturity of July 31,
2018, would remain unchanged.

The Company said preliminary performance in the fourth quarter of
2016 is trending better than expected, with both core revenue and
adjusted EBITDA accelerating as the quarter progresses.
Accordingly, fourth quarter 2016 revenue and adjusted EBITDA are
expected to be at the high end of the previously announced ranges
of $232 million to $239 million, and $6 million to $8 million,
respectively.  Additionally, completion of all necessary actions to
realize $17 million of Home Solutions synergies are expected to be
in place by the end of 2016.  BioScrip also remains on pace to
realize an additional $8 million to $10 million in further cost
structure improvements in 2017.

"As stated on our third quarter earnings conference call, BioScrip
is in the beginning stages of implementing an 18 to 24 month
turnaround strategy and is focused on optimizing operational
efficiencies to drive profitable growth and deliver on our
financial commitments," said Dan Greenleaf, president and chief
executive officer of BioScrip.  "While we are only partially
through the fourth quarter of 2016, I am extremely pleased with the
operating performance quarter to date and expect to report fourth
quarter 2016 revenue and adjusted EBITDA results at the high end of
our previously announced guidance ranges.  Better than expected
revenue growth in our core business combined with cost containment
initiatives and synergies are the primary drivers behind our
updated outlook for 2016.  Entering into this amendment to our
credit agreement provides us with the necessary near-term liquidity
and working capital to continue to execute this turnaround strategy
over the next several quarters."

In light of the recent Congressional approval of the 21st Century
Cures Act, the Company is also issuing a statement on the potential
impact to BioScrip's business.  The Company expects the legislation
to potentially result in a significant reduction in Medicare
patient access to inotropic and subcutaneous Ig therapies effective
Jan. 1, 2017.  The Company estimates that the Cures Act as written
will result in reimbursement reductions impacting therapies
representing approximately 3% to 4% of total current revenue.

"We are actively analyzing the implications of the Cures Act and
looking to undertake potential operational and strategic
initiatives to mitigate the impact on our business," said Mr.
Greenleaf.  "While we are disappointed with the passage of the Act
and the potential implications for our Medicare patients, we are
confident in our business model and in the ability of our team to
reach a level of financial productivity that is more reflective of
the true value of the company.  As always, our priority is to
provide high quality care to our patients while creating long-term
value for our shareholders."

                        About Bioscrip

Headquartered in Denver, Colo., BioScrip, Inc., is a national
provider of home infusion services.  The company's clinical
management programs and services provide access to prescription
medications for patients with chronic and acute healthcare
conditions, including gastrointestinal abnormalities, infectious
diseases, cancer, pain management, multiple sclerosis, organ
transplants, bleeding disorders, rheumatoid arthritis, immune
deficiencies and heart failure.

As of Sept. 30, 2016, Bioscrip had $595.40 million in total assets,
$550.05 million in total liabilities, $2.38 million in series A
convertible preferred stock, $67.24 million in series C convertible
preferred stock and a total stockholders' deficit of $24.28
million.

Bioscrip reported a net loss attributable to common stockholders of
$309.51 million in 2015, a net loss attributable to common
stockholders of $147.7 million in 2014, and a net loss attributable
to common stockholders of $69.65 million in 2013.

                          *    *    *

In November 2016, S&P Global Ratings lowered its corporate credit
rating on home infusion services provider BioScrip Inc. to 'CCC'
from 'CCC+' and revised the outlook to developing from stable.
"The downgrade reflects our belief that the company could face a
liquidity event within 12 months if it is unable to rapidly improve
profitability; moreover, given the company's lowered guidance, its
meaningful EBITDA shortfall in the third quarter, and its pattern
of falling short of its expectations, our confidence in the
company's ability to execute on its cost-cutting and other
strategic initiatives is limited," said credit analyst Elan Nat.

In March 2016, Moody's Investors Service downgraded BioScrip's
Corporate Family Rating to 'Caa2' from 'Caa1' and Probability of
Default Rating to 'Caa2-PD' from 'Caa1-PD'.


BLUE BEE: Court Allows Cash Collateral Use on Final Basis
---------------------------------------------------------
Judge Sandra R. Klein of the U.S. Bankruptcy Court for the Central
District of California authorized Blue Bee, Inc., d/b/a ANGL, to
use cash collateral on a final basis.

The Debtor is authorized to use cash collateral to:

     (1) pay all of the expenses set forth in the Revised Budget;
and

     (2) pay all quarterly fees owing to the Office of the United
States Trustee and all expenses owing to the Clerk of the
Bankruptcy Court.

The Debtor is ordered to pay any outstanding October stub rent, or
rent for the post-petition stub period of Oct. 19, 2016 through
Oct. 31, 2016, due to Objecting Landlords GGP Northridge Fashion
Center, LP, Glendale I Mall Associates, LP and La Cienega Partners
Limited Partnership by Dec. 14, 2016.  In the event that the Debtor
does not make payment of the outstanding October stub rent to the
foregoing landlords by Dec. 14, 2016, such landlords will be
permitted to file a motion to compel the payment of any and all
outstanding postpetition rent due to such landlords so that such
motion may be heard, on a shortened notice basis, on Dec. 22, 2016
at 8:30 a.m.

A full-text copy of the Final Order, dated Dec. 14, 2016, is
available at
http://bankrupt.com/misc/BlueBee2016_216bk23836sk_68.pdf

                   About Blue Bee, Inc.

Blue Bee, Inc., d/b/a ANGL, filed a chapter 11 petition (Bankr.
C.D. Cal. Case No. 16-23836) on Oct. 19, 2016.  The petition was
signed by Jeff Sungkak Kim, president.  The Debtor is represented
by Juliet Y. Oh, Esq., at Levene, Neale, Bender, Yoo & Brill LLP.
The case is assigned to Judge Sandra R. Klein.  The Debtor
estimated assets and liabilities at $1 million to $10 million.

The Debtor is a retailer doing business under the "ANGL" brand
offering stylish and contemporary women's clothing at reasonable
prices to its fashion-savvy customers.  The Debtor currently owns
and operates 21 retail stores located primarily in shopping malls
throughout the state of California.  Since the opening of its first
Retail Store in 1992 along Melrose Avenue in Los Angeles,
California, the Debtor has focused on bringing designer fashion to
a wider audience.


BMC SOFTWARE: Bank Debt Trades at 2.20% Off
-------------------------------------------
Participations in a syndicated loan under BMC Software is a
borrower traded in the secondary market at 97.80
cents-on-the-dollar during the week ended Friday, December 9, 2016,
according to data compiled by LSTA/Thomson Reuters MTM Pricing.
This represents an increase of 0.45 percentage points from the
previous week.  BMC Software pays 400 basis points above LIBOR to
borrow under the $335 million facility. The bank loan matures on
Aug. 9, 2020 and carries Moody's Ba3 rating and Standard & Poor's
B+ rating.  The loan is one of the biggest gainers and losers among
247 widely quoted syndicated loans with five or more bids in
secondary trading for the week ended December 9.


BPS US HOLDINGS: Panel Hires Blank Rome as Counsel
--------------------------------------------------
The Official Committee of Unsecured Creditors of BPS US Holdings
Inc., et al., seeks authorization from the U.S. Bankruptcy Court
for the District of Delaware to retain Blank Rome LLP as counsel,
nunc pro tunc to November 10, 2016.

The Committee requires Blank Rome to:

   (a) provide the Committee with legal advice in relation to the
       Chapter 11 Cases;

   (b) attend the meetings of the Committee;

   (c) assist, advise, and represent the Committee in
       understanding its powers and its duties under the
       Bankruptcy Code and the Bankruptcy Rules and in performing
       other services as are in the interests of those represented

       by the Committee;

   (d) assist, advise, and represent the Committee in its
       consultations with the Debtors regarding the administration

       of these cases, including conferring with the Debtors'
       management, counsel and investment banker and any other
       retained professionals;

   (e) assist, advise, and represent the Committee in analyzing
       the Debtors' assets and liabilities, investigating the
       extent and validity of liens and participating in and
       reviewing any proposed asset sales, any asset dispositions,

       financing arrangements and cash collateral proceedings;

   (f) assist, advise, and represent the Committee in any manner
       relevant to reviewing and determining the Debtors' rights
       and obligations under leases and other executory contracts;


   (g) assist, advise, and represent the Committee in
       investigating the acts, conduct, assets, liabilities, and
       financial condition of the Debtors, the Debtors' operations

       and the desirability of the continuance of any portion of
       those operations, and any other matters relevant to these
       cases or to the formulation of a plan;

   (h) review and investigate prepetition transactions in which
       the Debtors and/or their insiders were involved;

   (i) assist, advise, and represent the Committee with regards to

       avoidance actions and claims against directors, officers,
       affiliates and other parties;

   (j) advise the Committee as to the implications regarding all
       of the Debtors' activities and motions before this Court;

   (k) prepare various pleadings to be submitted to the Court for
       consideration and file appropriate pleadings on behalf of
       the Committee;

   (l) review and analyze the Debtors' professionals' work product

       and report to the Committee; and

   (m) provide such other services to the Committee as may be
       necessary in these cases.

Blank Rome will be paid at these hourly rates:

       Andrew B. Eckstein, partner        $855
       Michael B. Schaedle, partner       $715
       Stanley B. Tarr, partner           $575
       Josef W. Mintz, associate          $465
       Christopher A. Lewis, paralegal    $310
       Partners                           $420-$1,130
       Counsel                            $350-$895
       Associates                         $275-$645
       Paraprofessionals                  $120-$455

Blank Rome will also be reimbursed for reasonable out-of-pocket
expenses incurred.

Andrew B. Eckstein, partner of Blank Rome, assured the Court that
the firm is a "disinterested person" as the term is defined in
Section 101(14) of the Bankruptcy Code and does not represent any
interest adverse to the Debtors and their estates.

The Court was slated to hold a hearing on the application on
December 19, 2016, at 1:30 p.m.  Objections were due December 12,
2016.

As required by the Guidelines for Reviewing Applications for
Compensation and Reimbursement of Expenses Filed under 11 U.S.C.
section 330 by Attorneys in Larger Chapter 11 Cases, effective
November 1, 2013 (the "U.S. Trustee Guidelines"), Blank Rome
provide responses to the questions set forth in Section D of the
UST Guidelines as follows:

   (a) Blank Rome did not agree to a variation of its standard or
       customary billing arrangement for this engagement;

   (b) None of the professionals included in this engagement have
       varied their rate based on the geographic location of these

       Chapter 11 Cases;

   (c) Blank Rome did not represent the Committee prior to the
       Petition Date; and

   (d) The Committee's professionals have negotiated a budget with

       the Debtors, their lenders and the Committee as part of the

       final order approving the Debtors' debtor-in-possession
       financing.  The Committee has approved Blank Rome's
       proposed hourly billing rates and staffing plan.  The Blank

       Rome attorneys and paraprofessionals staffed on these
       cases, subject to modification depending upon further
       development, are as set forth below.

Blank Rome can be reached at:

       Andrew B. Eckstein, Esq.
       Michael B. Schaedle, Esq.
       BLANK ROME LLP
       The Chrysler Building 405 Lexington Ave.
       New York, NY 10174-0208
       Tel: (212) 885-5500
       Fax: (212) 885-5001
       E-mail: AEckstein@BlankRome.com
               Schaedle@BlankRome.com

                    About Performance Sports

Exeter, N.H.-based Performance Sports Group Ltd. (NYSE: PSG) (TSX:
PSG) -- http://www.PerformanceSportsGroup.com/-- is a developer  
and manufacturer of ice hockey, roller hockey, lacrosse, baseball
and softball sports equipment, as well as related apparel and
soccer apparel. Its products are marketed under the BAUER, MISSION,
MAVERIK, CASCADE, INARIA, COMBAT and EASTON brand names and are
distributed by sales representatives and independent distributors
throughout the world. In addition, the Company distributes its
hockey products through its Burlington, Massachusetts and
Bloomington, Minnesota Own The Moment Hockey Experience retail
stores.

On Oct. 31, 2016, Performance Sports Group Ltd. and certain of its
affiliates have filed voluntary petitions under Chapter 11 of the
Bankruptcy Code in the District of Delaware and commenced
proceedings under the Companies' Creditors Arrangement Act in the
Ontario Superior Court of Justice.

The U.S. Debtors are: BPS US Holdings Inc.; Bauer Hockey, Inc.;
Easton Baseball/Softball Inc.; Bauer Hockey Retail Inc.; Bauer
Performance Sports Uniforms Inc.; Performance Lacrosse Group Inc.;
BPS Diamond Sports Inc.; and PSG Innovation Inc.

The Canadian Debtors are: Performance Sports Group Ltd.; KBAU
Holdings Canada, Inc.; Bauer Hockey Retail Corp.; Easton Baseball
/Softball Corp.; PSG Innovation Corp. Bauer Hockey Corp.; BPS
Canada Intermediate Corp.; BPS Diamond Sports Corp.; Bauer
Performance Sports Uniforms Corp.; and Performance Lacrosse Group
Corp.

The Debtors have hired Paul, Weiss, Rifkind, Wharton & Garrison LLP
as counsel; Young Conaway Stargatt & Taylor, LLP as co-counsel;
Stikeman Elliott LLP as Canadian legal counsel; Centerview LLP as
investment banker to the special committee; Alvarez & Marsal North
America, LLC, as restructuring advisor; Joele Frank, Wilkinson,
Brimmer, Katcher as communications & relations advisor; KPMG LLP as
auditors; Ernst & Young LLP as CCAA monitor; and Prime Clerk LLC as
notice, claims, solicitation and balloting agent.

Andrew R. Vara, Acting U.S. Trustee for Region 3, on Nov. 10
appointed three creditors of BPS US Holdings, Inc., parent of
Performance Sports, to serve on the official committee of unsecured
creditors.  The Creditors' Committee retained by Blank Rome LLP as
counsel, Cassels Brock & Blackwell LLP as Canadian co-counsel, and
Province Inc. as financial advisor.

The U.S. Trustee appointed a committee of equity security holders.

The equity committee is represented by Natalie D. Ramsey, Esq., and
Mark A. Fink, Esq., at Montgomery, McCracken, Walker & Rhoads, LLP;
and Robert J. Stark, Esq., Steven B. Levine, Esq., James W. Stoll,
Esq., and Andrew M. Carty, Esq., at Brown Rudnick LLP.

                           *     *     *

The Bankruptcy Court for the District of Delaware and the Ontario
Superior Court of Justice have granted the Company approval of,
among other things, the bidding procedures and "stalking horse" bid
protections in connection with a "stalking horse" asset purchase
agreement, under which an acquisition vehicle to be co-owned by an
affiliate of Sagard Capital Partners, L.P. and Fairfax Financial
Holdings Limited, intends to acquire substantially all of the
assets of the Company and its North American subsidiaries for U.S.
$575 million in aggregate and assume related operating
liabilities.

Interested parties must submit qualified bids to acquire
substantially all of the assets of the Company no later than
January 25, 2017.  The auction is set for January 30, 2017.  A
final sale approval hearing is expected to take place shortly after
completion of the auction with the anticipated closing of the
successful bid to occur by the end of February 2017, subject to
receipt of applicable regulatory approvals and the satisfaction or
waiver of other customary closing conditions.


BPS US HOLDINGS: Panel Hires Cassels Brock as Canadian Co-counsel
-----------------------------------------------------------------
The Official Committee of Unsecured Creditors of BPS US Holdings
Inc., et al., seeks authorization from the U.S. Bankruptcy Court
for the District of Delaware to retain Cassels Brock & Blackwell
LLP as Canadian co-counsel for the Committee, nunc pro tunc to
November 14, 2016.

The Committee seeks to hire Cassels Brock to represent it as
Canadian co-counsel and perform Canadian legal services for the
Committee in connection with the Chapter 11 Cases, to represent the
Committee in connection with the Canadian Proceedings and in
assisting the Committee in carrying out its fiduciary duties and
responsibilities under the Bankruptcy Code consistent with section
1103(c) and other provisions of the Bankruptcy Code.

Cassels Brock will be paid at these hourly rates:

       R. Shayne Kukulowicz, Partner   CA$925
       Ryan C. Jacobs, Partner         CA$850
       Natalie E. Levine, Partner      CA$540
       Ben Goodis, Associate           CA$390
       Partners                        CA$540-CA$1,050
       Counsel                         CA$900-CA$995
       Associates                      CA$390-CA$685
       Paralegals                      CA$175-CA$375

Cassels Brock will also be reimbursed for reasonable out-of-pocket
expenses incurred.

Ryan C. Jacobs, member of Cassels Brock, assured the Court that the
firm is a "disinterested person" as the term is defined in Section
101(14) of the Bankruptcy Code and does not represent any interest
adverse to the Debtors and their estates.

As required by the Guidelines for Reviewing Applications for
Compensation and Reimbursement of Expenses Filed Under 11 U.S.C.
section 330 by Attorneys in Larger Chapter 11 Cases, Effective
November 1, 2013 (the "UST Guidelines"), the Committee responds to
the questions set forth in Section D.1 of the UST Guidelines as
follows:

   (a) Cassels Brock did not agree to a variation of its standard
       or customary billing arrangement for this engagement;

   (b) None of the professionals included in this engagement have
       varied their rate based on the geographic location of these

       Chapter 11 Cases;

   (c) Cassels Brock did not represent the Committee prior to the
       Petition Date; and

   (d) The Committee has approved Cassels Brock's proposed hourly
       billing rates and staffing plan.  The Cassels Brock lawyers

       and paraprofessionals staffed on these cases, subject to
       modification depending upon further development, are as set

       forth below.

Cassels Brock can be reached at:

       Ryan C. Jacobs, Esq.
       CASSELS BROCK & BLACKWELL LLP
       2100 Scotia Plaza, 40 King Street West
       Toronto, ON M5H 3C2
       Tel: (416) 860-6465
       Fax: (416) 640-3189

                       About BPS US Holdings

Exeter, N.H.-based Performance Sports Group Ltd. (NYSE: PSG)
(TSX:PSG) -- http://www.PerformanceSportsGroup.com/-- is a
developer and manufacturer of ice hockey, roller hockey, lacrosse,
baseball and softball sports equipment, as well as related apparel
and soccer apparel. Its products are marketed under the BAUER,
MISSION, MAVERIK, CASCADE, INARIA, COMBAT and EASTON brand names
and are distributed by sales representatives and independent
distributors throughout the world. In addition, the Company
distributes its hockey products through its Burlington,
Massachusetts and Bloomington, Minnesota Own The Moment Hockey
Experience retail stores.

On Oct. 31, 2016, Performance Sports Group Ltd. and certain of its
affiliates have filed voluntary petitions under Chapter 11 of the
Bankruptcy Code in the District of Delaware and commenced
proceedings under the Companies' Creditors Arrangement Act in the
Ontario Superior Court of Justice.

The U.S. Debtors are: BPS US Holdings Inc.; Bauer Hockey, Inc.;
Easton Baseball/Softball Inc.; Bauer Hockey Retail Inc.; Bauer
Performance Sports Uniforms Inc.; Performance Lacrosse Group Inc.;
BPS Diamond Sports Inc.; and PSG Innovation Inc.

The Canadian Debtors are: Performance Sports Group Ltd.; KBAU
Holdings Canada, Inc.; Bauer Hockey Retail Corp.; Easton
Baseball/Softball Corp.; PSG Innovation Corp. Bauer Hockey Corp.;
BPS Canada Intermediate Corp.; BPS Diamond Sports Corp.; Bauer
Performance Sports Uniforms Corp.; and Performance Lacrosse Group
Corp.

The Debtors have hired Paul, Weiss, Rifkind, Wharton & Garrison LLP
as counsel; Young Conaway Stargatt & Taylor, LLP as co-counsel;
Stikeman Elliott LLP as Canadian legal counsel; Centerview LLP as
investment banker to the special committee; Alvarez & Marsal North
America, LLC, as restructuring advisor; Joele Frank, Wilkinson,
Brimmer, Katcher as communications & relations advisor; KPMG LLP as
auditors; Ernst & Young LLP as CCAA monitor; and Prime Clerk LLC as
notice, claims, solicitation and balloting agent.



BPS US HOLDINGS: Panel Hires Province as Financial Advisor
----------------------------------------------------------
The Official Committee of Unsecured Creditors of BPS US Holdings
Inc., et al., seeks authorization from the U.S. Bankruptcy Court
for the District of Delaware to retain Province, Inc. as financial
advisor to the Committee, effective November 10, 2016.

The Committee requires Province to:

   (a) become familiar with and analyzing the Debtors' business,
       restructuring plan, assets and liabilities, and overall
       financial condition;

   (b) assist the Committee in determining how to react to the
       Debtors' restructuring plan or in formulating and
       implementing its own plan;

   (c) monitor the financing and sale process, interface with the
       Debtors' professionals, and advise the Committee regarding
       the process;

   (d) prepare and review potential avoidance actions and claim
       analyses;

   (e) assist the Committee in reviewing the Debtors' financial
       reports, including, but not limited to, SOFAs, Schedules,
       cash budgets, and Monthly Operating Reports;

   (f) advise the Committee on the current state of these chapter
       11 cases;

   (g) advise the Committee in negotiations with the Debtors and
       third parties as necessary;

   (h) if necessary, participate as a witness in hearings before
       the bankruptcy court with respect to matters upon which
       Province has provided advice; and

   (i) other activities as are approved by the Committee, the
       Committee's counsel, and as agreed to by Province.

Province will be paid at these hourly rates:

       Principal               $660-$700
       Managing Director/
       Director                $470-$620
       Sr. Associate/
       Associate               $330-$460
       Sr. Analyst/Analyst     $250-$320
       Paraprofessional        $100

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

Paul Huygens, principal of Province, assured the Court that the
firm is a "disinterested person" as the term is defined in Section
101(14) of the Bankruptcy Code and does not represent any interest
adverse to the Debtors and their estates.

The Court was scheduled to hold a hearing on the application on
December 19, 2016, at 1:30 p.m.  Objections were due December 12,
2016.

Province can be reached at:

       Paul Huygens
       PROVINCE, INC.
       2360 Corporate Circle, Suite 330
       Henderson, NV 89074
       Tel: (702) 685-5555
       Fax: (702) 685-5556

                    About Performance Sports

Exeter, N.H.-based Performance Sports Group Ltd. (NYSE: PSG) (TSX:
PSG) -- http://www.PerformanceSportsGroup.com/-- is a developer  
and manufacturer of ice hockey, roller hockey, lacrosse, baseball
and softball sports equipment, as well as related apparel and
soccer apparel. Its products are marketed under the BAUER, MISSION,
MAVERIK, CASCADE, INARIA, COMBAT and EASTON brand names and are
distributed by sales representatives and independent distributors
throughout the world. In addition, the Company distributes its
hockey products through its Burlington, Massachusetts and
Bloomington, Minnesota Own The Moment Hockey Experience retail
stores.

On Oct. 31, 2016, Performance Sports Group Ltd. and certain of its
affiliates have filed voluntary petitions under Chapter 11 of the
Bankruptcy Code in the District of Delaware and commenced
proceedings under the Companies' Creditors Arrangement Act in the
Ontario Superior Court of Justice.

The U.S. Debtors are: BPS US Holdings Inc.; Bauer Hockey, Inc.;
Easton Baseball/Softball Inc.; Bauer Hockey Retail Inc.; Bauer
Performance Sports Uniforms Inc.; Performance Lacrosse Group Inc.;
BPS Diamond Sports Inc.; and PSG Innovation Inc.

The Canadian Debtors are: Performance Sports Group Ltd.; KBAU
Holdings Canada, Inc.; Bauer Hockey Retail Corp.; Easton Baseball
/Softball Corp.; PSG Innovation Corp. Bauer Hockey Corp.; BPS
Canada Intermediate Corp.; BPS Diamond Sports Corp.; Bauer
Performance Sports Uniforms Corp.; and Performance Lacrosse Group
Corp.

The Debtors have hired Paul, Weiss, Rifkind, Wharton & Garrison LLP
as counsel; Young Conaway Stargatt & Taylor, LLP as co-counsel;
Stikeman Elliott LLP as Canadian legal counsel; Centerview LLP as
investment banker to the special committee; Alvarez & Marsal North
America, LLC, as restructuring advisor; Joele Frank, Wilkinson,
Brimmer, Katcher as communications & relations advisor; KPMG LLP as
auditors; Ernst & Young LLP as CCAA monitor; and Prime Clerk LLC as
notice, claims, solicitation and balloting agent.

Andrew R. Vara, Acting U.S. Trustee for Region 3, on Nov. 10
appointed three creditors of BPS US Holdings, Inc., parent of
Performance Sports, to serve on the official committee of unsecured
creditors.  The Creditors' Committee retained by Blank Rome LLP as
counsel, Cassels Brock & Blackwell LLP as Canadian co-counsel, and
Province Inc. as financial advisor.

The U.S. Trustee appointed a committee of equity security holders.

The equity committee is represented by Natalie D. Ramsey, Esq., and
Mark A. Fink, Esq., at Montgomery, McCracken, Walker & Rhoads, LLP;
and Robert J. Stark, Esq., Steven B. Levine, Esq., James W. Stoll,
Esq., and Andrew M. Carty, Esq., at Brown Rudnick LLP.

                           *     *     *

The Bankruptcy Court for the District of Delaware and the Ontario
Superior Court of Justice have granted the Company approval of,
among other things, the bidding procedures and "stalking horse" bid
protections in connection with a "stalking horse" asset purchase
agreement, under which an acquisition vehicle to be co-owned by an
affiliate of Sagard Capital Partners, L.P. and Fairfax Financial
Holdings Limited, intends to acquire substantially all of the
assets of the Company and its North American subsidiaries for U.S.
$575 million in aggregate and assume related operating
liabilities.

Interested parties must submit qualified bids to acquire
substantially all of the assets of the Company no later than
January 25, 2017.  The auction is set for January 30, 2017.  A
final sale approval hearing is expected to take place shortly after
completion of the auction with the anticipated closing of the
successful bid to occur by the end of February 2017, subject to
receipt of applicable regulatory approvals and the satisfaction or
waiver of other customary closing conditions.


BREITBURN ENERGY: Has Until January 10 to File Chapter 11 Plan
--------------------------------------------------------------
Judge Stuart M. Bernstein of the U.S. Bankruptcy Court for the
Southern District of New York extended the exclusive periods during
which Breitburn Energy Partners LP and its debtor affiliates may
file a chapter 11 plan, and solicit acceptances of their chapter 11
plan, to and including January 10, 2017 and March 10, 2017,
respectively.

The Troubled Company Reporter had previously reported that the
Debtors asked the Court to extend their exclusive filing period to
March 11, 2017 and their exclusive solicitation period to May 10,
2017, however, pleadings opposing such extension of the exclusive
period were filed by the Official Committee of Unsecured Creditors
and Wexford Capital LP.

According to the Debtors, the Objections were asking the Court to
take the "extraordinary and unprecedented step in a complex
restructuring case" -- with more than $3 billion in funded debt --
of denying the Debtors' first request to extend exclusivity to
essentially force the Creditors' Committee's plan on the Debtors
and their estates.  The Objections, the Debtors stated, primarily
assert that an extension should be denied on the basis that the
Debtors are (a) not engaging in good faith plan negotiations with
the Creditors' Committee, and (b) failing to fulfill their
fiduciary duties by not agreeing to the objectors' demand that the
Debtors market their Midland Basin Acreage, thereby pre-ordaining
the chapter 11 plan structure and the business operations of the
reorganized Debtors.  The Objectors also requested that, if the
Court does not deny the extension of their Exclusive Periods, the
Debtors should be granted only a "short" extension conditioned on
the Debtors "marketing" the Midland Basin Acreage.

According to the Debtors, with multiple views and ongoing
discussions surrounding a plan being formulated and coordinated by
the Debtors, these are exactly the circumstances where the Debtors
must maintain exclusivity to drive value and carve a path toward
emergence for the benefit of all of their economic stakeholders.
Indeed, where these complex cases remain in their initial stages
and where the Court has just directed the appointment of a
statutory committee for equity security holders that has yet to be
organized, such draconian relief would be in direct contravention
of the intent and purpose of chapter 11 of the Bankruptcy Code.

                    About Breitburn Energy

Breitburn Energy Partners LP and 21 of its affiliates filed
voluntary petitions for relief under Chapter 11 of the Bankruptcy
Code (Bankr. S.D.N.Y. Lead Case No. 16-11390) on May 15, 2016,
listing assets of $4.71 billion and liabilities of $3.41 billion.

Breitburn Energy et al., are an independent oil and gas Partnership
engaged in the acquisition, exploitation and development of oil and
natural gas properties, Midstream Assets, and a combination of
ethane, propane, butane and natural gasolines that when removed
from natural gas become liquid under various levels of higher
pressure and lower temperature, in the United States.  The Debtors
conduct their operations through Breitburn Parent's wholly-owned
subsidiary, Breitburn Operating LP, and BOLP's general partner,
Breitburn Operating GP LLC.

The cases are pending before the Honorable Stuart M. Bernstein.
The Debtors have engaged Weil Gotshal & Manges LLP as counsel,
Alvarez & Marsal North America, LLC as financial advisor, Lazard
Freres & Co. LLC as investment banker, and Prime Clerk LLC as
claims and noticing agent. Curtis, Mallet-Prevost, Colt & Mosle LLP
and Quinn Emanuel Urquhart & Sullivan, LLP serve as their conflicts
counsel.  PricewaterhouseCoopers LLP has been retained as auditor
and tax advisor, while Coghlan Crowson LLP and Beck Redden LLP have
been retained as special counsel.

The U.S. trustee for Region 2 appointed three creditors of
Breitburn Energy Partners LP and its affiliates to serve on the
official committee of unsecured creditors, and on Nov. 15, the U.S.
Trustee appointed seven creditors of Breitburn Energy Partners LP
and its affiliated debtors to serve on the official committee of
unsecured creditors.

The committee retained Milbank, Tweed, Hadley & McCloy LLP as its
legal counsel.  It retained Porter Hedges LLP as special counsel;
and Houlihan Lokey Capital, Inc., and Berkeley Research Group, LLC
as financial advisors.  

In October 2016, Judge Bernstein directed the appointment of a
statutory committee of equity security holders.


BRONX REALTY: Hires Vogel Bach as Counsel
-----------------------------------------
Bronx Realty Enterprises Corp. seeks authorization from the U.S.
Bankruptcy Court for the Southern District of New York to employ
Vogel Bach & Horn, LLP as counsel, nunc pro tunc to the October 14,
2016 petition date.

The Debtor requires Vogel Bach to:

   (a) provide the Debtor with advice and preparing all necessary
       documents regarding debt restructuring, bankruptcy and
       asset dispositions;  

   (b) take all necessary actions to protect and preserve the
       Debtor's estate during the pendency of this Chapter 11
       Case;

   (c) prepare on behalf of the Debtor, as debtor-in-possession,
       all necessary motions, applications, answers, orders,
       reports and papers in connection with the administration of

       this Chapter 11 Case;  

   (d) counsel the Debtor with regard to its rights and
       obligations as debtor-in-possession;

   (e) appear in Court to protect the interests of the Debtor; and


   (f) perform all other legal services for the Debtor which may
       be necessary and proper in these proceedings and in
       furtherance of the Debtor's operations.

Vogel Bach will be compensated at an hourly rate of $225.

Vogel Bach will also be reimbursed for reasonable out-of-pocket
expenses incurred.

The firm received a retainer of $2,500 from the Debtor.

Eric H. Horn, member of Vogel Bach, 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.

Vogel Bach can be reached at:

       Eric H. Horn, Esq.
       Heike M. Vogel, Esq.  
       Shirin Movahed, Esq.
       VOGEL BACH & HORN, LLP  
       1441 Broadway, 5th Floor
       New York, NY 10018
       Tel: (212) 242-8350
       Fax: (646) 607-2075

Bronx Realty Enterprises Corp., filed a Chapter 11 bankruptcy
petition (Bankr. S.D.N.Y. Case No. 16-12889) on October 14, 2016,
disclosing under $1 million in both assets and liabilities.

The Debtor is represented by Eric H. Horn, Esq.


CAESARS ENTERTAINMENT: Court Asked to Expand Houlihan Lokey Work
----------------------------------------------------------------
The official committee of second priority noteholders of Caesars
Entertainment Operating Company, Inc. asked a U.S. bankruptcy court
to allow its financial advisor to provide additional services.

In its application filed with the U.S. Bankruptcy Court for the
Northern District of Illinois, the committee asked the court to
allow Houlihan Lokey Capital, Inc. to provide services related to
the placement of third-party financing contemplated by the Chapter
11 plan of reorganization of Caesars Entertainment and its
affiliates.

In exchange for the firm's services, the committee proposed that
the firm be paid a $2 million fee by the Debtors contingent upon
the completion of the financing.

The court will consider approval of the application on Dec. 19.
Objections are due by Dec. 14.

                  About Caesars Entertainment

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

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

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

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

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

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

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

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

                         *     *     *

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

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


CALERES INC: Moody's Affirms Ba3 Corporate Family Rating
--------------------------------------------------------
Moody's Investors Service lowered Caleres, Inc.'s Speculative-Grade
Liquidity Rating to SGL-2 from SGL-1. Concurrently, Moody's
affirmed the company's Ba3 Corporate Family Rating ("CFR"), Ba3-PD
Probability of Default Rating and B1 senior unsecured debentures
rating. The rating outlook remains stable.

The company's Speculative-Grade Liquidity Rating was lowered to
SGL-2 to reflect anticipated declines in revolver availability and
cash balances in connection with the $255 million acquisition of
Allen Edmonds, a designer and manufacturer of premium men's leather
footwear and accessories. Notwithstanding the deterioration in the
company's near-term liquidity, Moody's believes that the
acquisition overall is a credit positive. According to Moody's
VP-Sr. Analyst Raya Sokolyanska, "Allen Edmonds diversifies
Caleres' mainly women's footwear brand portfolio with a
well-recognized and solidly performing men's brand."  Moody's views
integration risk as moderate based on Caleres' good track record of
adding other brands like Sam Edelman to its platform.

Moody's took the following rating actions on Caleres, Inc.

   -- Corporate Family Rating, affirmed Ba3

   -- Probability of Default Rating, affirmed Ba3-PD

   -- $200 million Senior Unsecured Debenture, affirmed B1 (LGD 5)

   -- Speculative Grade Liquidity Rating, downgraded to SGL-2 from
      SGL-1

Stable outlook

RATINGS RATIONALE

Caleres' Ba3 CFR reflects the company's recognized brands, customer
and geographic diversification, and good liquidity. The company's
relatively good credit protection metrics, with pro-forma
debt/EBITDA of 3.3 times and EBITA/Interest expense of 3.2 times
position the CFR solidly within the Ba3 category. However, the
rating is constrained by Caleres' low margins relative to specialty
retail peers, narrow product focus, and sensitivity to shifts in
fashion and to the consumer discretionary spending characteristics
of an apparel retailer.

Caleres' SGL-2 liquidity rating reflects the company's good
liquidity position supported by Moody's projection for $90-$100
million of free cash flow in 2017 and ample revolver availability.
As of Q3 2016, Caleres had $173 million balance sheet cash, of
which about $100 million is overseas and $20 million is needed for
daily operations. If Caleres does not use overseas cash and
finances the acquisition with about $55 million of domestic cash
and $200 million ABL borrowings, it should have an estimated
$350-$400 million net availability at all times in 2017 on the $600
million asset-based revolver. Moody's expects that the company will
use its positive free cash flow to materially reduce revolver
borrowings over the next 12-18 months. Moody's does not expect
unused availability on the revolver to fall below the 10% of the
borrowing base level that would trigger the springing 1.0x fixed
charge coverage ratio, and also believes there is ample headroom
within the covenant. Caleres also has access to substantial
alternate liquidity sources if needed, due to its ability to sell
individual wholesale brands.

The stable rating outlook reflects Moody's expectations for modest
revenue growth, sustained or improved profit margins, and a good
liquidity profile.

The ratings could be upgraded if the company sustains sales growth
and expands EBITA margins towards 9%, while achieving a very good
liquidity profile. An upgrade would also require a successful
integration of Allen Edmonds, maintenance of balanced financial
policies, including a commitment to maintain debt/EBITDA at or
below 3.0 times and EBITA/interest expense at or above 3.0 times.

The ratings could be lowered if positive trends in revenues and
EBITDA reverse, financial policy becomes more aggressive or
liquidity deteriorates. Quantitatively, ratings could be lowered if
leverage remains above 4.0 times for an extended period.

Headquartered in St. Louis, Missouri, Caleres, Inc. (formerly known
as Brown Shoe) is a retailer and a wholesaler of footwear. Its
Famous Footwear chain, which generates approximately half of total
pro-forma revenues, sells moderately priced branded footwear
targeting families through about 1,000 stores in the U.S. and
Canada. Through its Brand Portfolio segment, Caleres designs and
markets owned and licensed footwear brands including Sam Edelman,
Via Spiga, Franco Sarto, Vince, Fergie, Naturalizer, Dr. Scholl's,
LifeStride, DVF, Ryka, and Carlos. The brand portfolio also
includes about 160 specialty retail stores mostly under the
Naturalizer brand in the US, Canada, and China. Revenues for the 12
months ended October 29, 2016 were approximately $2.6 billion.

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


CAR CHARGING: Kevin Evans Resigns as Director
---------------------------------------------
Kevin Evans resigned from the Board of Directors of Car Charging
Group, Inc., on Dec. 8, 2016.  Mr. Evans was appointed to the
Company's Board on Oct. 19, 2016, and was a member of the Company's
Audit Committee and its Nominating and Corporate Governance
Committee.  To the knowledge of the Company's executives and Board
members, Mr. Evans resigned due to a failure to find common ground
with the executive chairman, according to a Form 8-K report filed
with the Securities and Exchange Commission.

The Company said it provided Mr. Evans with a copy of the
disclosures contained in the Current Report on Form 8-K.  The
Company also said it provided Mr. Evans with the opportunity to
furnish it with a letter stating whether he agrees with the
statements made in the Form 8-K Report and, if he disagrees, the
respects in which he disagrees.  The Company has not yet received a
letter from Mr. Evans.  If Mr. Evans sends a letter, the Company
said it will file it as an exhibit to an amendment to the Report
within two business after the Company receives it.

                     About Car Charging

Miami Beach, Florida-based Car Charging Group, Inc., is a leading
owner, operator, and provider of electric vehicle charging
equipment and networked EV charging services.  The Company offers
both residential and commercial EV charging equipment, enabling EV
drivers to easily recharge at various location types.

Car Charging reported a net loss attributable to common
shareholders of $9.58 million in 2015 compared to a net loss
attributable to common shareholders of $22.71 million in 2014.

As of Sept. 30, 2016, Car Charging had $1.97 million in total
assets, $23.04 million in total liabilities, $825,000 in series B
convertible preferred stock and a total stockholders' deficiency of
$21.89 million.

Marcum LLP, in New York, NY, issued a "going concern" qualification
on the consolidated financial statements for the year ended Dec.
31, 2015, noting that the Company has incurred net losses since
inception and needs to raise additional funds to meet its
obligations and sustain its operations.  These conditions raise
substantial doubt about the Company's ability to continue as a
going concern.


CARVER BANCORP: Deborah Wright to Retire from Board
---------------------------------------------------
Deborah C. Wright will retire from the Board of Directors of Carver
Bancorp, Inc. and Carver Federal Savings Bank effective Jan. 1,
2017, as disclosed in a regulatory filing with the Securities and
Exchange Commission.  Ms. Wright has served as a director since
1999 and is currently non-executive Chairman.

Robert R. Tarter will replace Deborah C. Wright as non-executive
Chairman of the Board of Directors of the Company and Carver
Federal Savings Bank effective Jan. 1, 2017.  Mr.  Tarter has
served as a director since 2006.

                 About Carver Bancorp, Inc.

Carver Bancorp, Inc., -- http://www.carverbank.com/--
(Nasdaq:CARV) Carver Bancorp, Inc. is the holding company for
Carver Federal Savings Bank (Carver Federal or the Bank), a
federally chartered savings bank.  The Company conducts business as
a unitary savings and loan holding company, and the business of the
Company consists of the operation of its wholly owned subsidiary,
Carver Federal. Carver Federal serves African-American communities
whose residents, businesses and institutions had limited access to
mainstream financial services.  It provides deposit products, such
as demand, savings and time deposits for consumers, businesses, and
governmental and quasi-governmental agencies in its market area
within New York City.

Carver Bancorp reported a net loss attributable to the Company of
$170,000 for the year ended March 31, 2016, following a net loss
attributable to the Company of $272,000 for the year ended
March 31, 2015.

As of Sept. 30, 2016, Carver Bancorp had $701.7 million in total
assets, $647.3 million in total liabilities and $54.41 million in
total equity.

KPMG LLP, in New York, issued a "going concern" qualification on
the consolidated financial statements for the year ended March 31,
2016, citing that the Company has deferred interest payments on its
junior subordinated debentures through March 31, 2016.  Under the
terms of the debentures, the Company may defer payments for up to
twenty consecutive quarters without creating an event of default.
Payment for the twentieth quarterly interest deferral period is due
in September 2016 and is subject to approval by the Company's
banking regulator.  The auditors said the ability of the Company to
meet its debt service obligations raises substantial doubt about
its ability to continue as a going concern.


CATASYS INC: Issues Letter to Shareholders
------------------------------------------
Catasys, Inc., filed with the Securities and Exchange Commission a
a copy of its letter to shareholders.  A full-text copy of the
Letter is as follows:

Dear Catasys Shareholder,

We are pleased to update you, our valued shareholder, on the
exciting events occurring throughout our business and will be
taking steps to provide additional visibility into our progress
going forward.  The rapid pace at which we are expanding our
engagements with the major U.S. health plans has dramatically
increased the total number of equivalent lives we are reporting at
the end of 2016.  This growth is expected to have a significant
impact on our financial performance for 2017.

The healthcare industry, in particular, health insurance companies
and plans, typically take many years to allow a new entrant such as
us to gain significant traction.  It has taken the Company several
years to prove out our business model, as it is currently accepted
by many national health plan providers.  During this time, we have
found it virtually impossible to have enough visibility in our
business to publicly provide accurate financial guidance and
direction.  Through this letter, we hope that you will sense
something must be changing given our newly communicative posture.

Further, we will briefly discuss our vision; the healthcare
industry issues that we are addressing; the proprietary nature of
our products; the scalable nature of our business, and our near
term expectations.

Company Vision and Solution

The Company's vision is to improve the behavioral health industry
by providing an innovative proactive treatment solution with cost
saving opportunities for health plan customers, and ultimately be
able to scale its availability on a national and perhaps one day,
international basis.

Today, we are focused on substance use disorder (SUD), depression
and anxiety which comprises approximately 75% of behavioral health
disorders.  The U.S. currently has a passive system whereby
treatment avoidant patients (cost, denial, stigma, access) need to
seek out treatment, gain access to treatment, afford said
treatment, and then receive the appropriate care that addresses
both the physiological and psych-social aspects ("integrative
care") of these complex diseases.

Unfortunately, the more severe patients we serve have these
diseases as co-morbid conditions of each other, and have other
co-morbidities, such as cardiovascular, diabetes, renal, liver
disease etc.  The average amount of costs associated with these
patients directly related to the behavioral diseases alone is
$30,000.  These costs are predominantly from emergency room visits
and in-patient hospital stays.

Catasys provides an integrated outpatient solution with proprietary
analytics and predictive modeling, proprietary enrollment,
engagement and modification of behavior techniques. Our solution
effectively turns the passive system, treatment avoidant, minimal
access to care, unidentified patient population to a proactive,
replicable, scalable, national solution where we focus on the
complete care of the patients.

The results from our solution have shown that patients are getting
better, and the health insurance companies are consistently saving
50% of the medical costs for each patient enrolled.  Hence, there
is a health plan incentive to pay for all the associated treatment
costs.  Through OnTrak, behavioral health patients now have full
treatment program coverage, increased access to treatment and
effective care.

First Quarter and Full Year 2017

Catasys has emerged as a leading healthcare analytics company
providing proprietary value-added care for health plan members.  We
are like "Amazon and Uber" to the standard facilities-based
behavioral health industry model, as we are virtual and scalable
throughout the country, utilizing provider networks of independent
contracted medical doctors and psychologists, companioned with our
own care coaches, in an outpatient setting.

All of our existing health plan customers, including, Humana,
Aetna, Centene, and HAMP, have expanded OnTrak to their other
products and expanded geographically.  We are now operating in 18
states, with more to come.  This week we have seen for the first
time that one of our customers expanded from our SUD OnTrak program
to the OnTrak treatment of SUD, depression and anxiety.

While we have been growing revenues significantly year-over-year
and sequentially, the numbers are quite small relative to what we
expect in the coming year and beyond.  We have worked through much
of the customer specific logistical issues in 2016 that limited our
revenues, and it appears that the "perfect storm" is beginning to
culminate in the first quarter of 2017.

"Perfect Storm"

We anticipate shortly that all of our existing customers will be
operating at or near full capacity for the lives under contract by
the end of the first quarter of 2017, with additional opportunities
to expand.  We expect this growth to come throughout their eligible
members, including Medicare, Medicaid, commercial, individual, and,
hopefully, TRICARE (military and veterans), as well as, expansion
throughout our depression and anxiety offerings.

It's important to note that when a health plan contracts OnTrak for
depression, anxiety and SUD, it represents an approximately 4.4X
increase of the eligible population from which we enroll.  We began
the year with at or under 20% enrollment rates of eligible lives.
We are constantly trying to improve our techniques and we are
beginning to see the results.  While we are only one quarter in, we
are currently seeing a 20-25% enrollment rate which exceeds our
expectations.

Another input to the "storm" is additional health insurance
contracts.  We expect to add more national and super-regional
health plans.  This will be a major impetus to revenue growth.
Excitingly, we expect many of the new contracts to include the
treatment of depression and anxiety.  These will be the first
instances of new customers contracting for all three disease
states. We are hopeful that in 2017 we will have contracts in place
with health plans that represent in excess of 75% of the
commercially covered lives in the USA.  We are hopeful that we will
have contracts with 7 of the 8 largest health plans in the country.
Importantly, all of our existing and future customers will continue
to benefit from the trend in place, and expected to accelerate with
the next administration, of more of the Medicare and Medicaid
populations moving to managed care.  These populations have an
approximately 2.5X the eligible patients from which we enroll than
a commercial population.

Unfortunately, another "tailwind" is the increasing rates of mental
illness in the U.S. In a survey released this week, one out of six
adults take psychiatric medications.  Alarmingly, 85% of them are
prescribed multiple refills.  This is indicative of rising
dependencies and associated medical costs.  The government
increasingly recognizes the U.S. mental health problem and has
instituted the Mental Health Parity Act, and this week, the 21st
Century Cures Act became law thereby improving U.S. mental health
efforts.

The Result: Large Projected Revenue Streams

We believe that in 2017 we will nearly triple our Equivalent Lives
(ELs) under contract from the current 7.5 million we have in place.
Each 10 million ELs is anticipated to equate to a cash receipts
run rate 12 months from launch of $63 million.  Hence, 20 million
ELs could translate to a cash receipts run rate of approximately
$126 million 12 months from launch.  Excitingly, this is only the
beginning and would expect significant revenue and cash flow growth
rates for years to come.

We are extremely excited for Catasys' future growth.  I certainly
hope that you can sense my excitement for the coming year(s).
Perhaps now you can understand why I personally invested in excess
of $22 million into Catasys, Inc.  Thank you for remaining
dedicated to our Company's vision which will hopefully transform
the behavioral health industry.

I wish you a happy and healthy Holiday season, and a tremendous New
Year for all Catasys shareholders.

Respectfully,

Terren Peizer

Chairman & CEO
Catasys, Inc.

                      About Catasys Inc.

Based in Los Angeles, California, Hythiam, Inc., n/k/a Catasys,
Inc., is a healthcare services management company, providing
through its Catasys(R) subsidiary specialized behavioral health
management services for substance abuse to health plans.

Catasys reported a net loss of $7.22 million on $2.70 million of
revenues for the year ended Dec. 31, 2015, compared to a net loss
of $27.3 million on $2.03 million of revenues for the year ended
Dec. 31, 2014.

Rose, Snyder & Jacobs LLP, in Encino, California, issued a "going
concern" qualification on the consolidated financial statements for
the year ended Dec. 31, 2015, citing that the Company has continued
to incur significant operating losses and negative cash flows from
operations during the year ended Dec. 31, 2015, and continues to
have negative working capital at Dec. 31, 2015.  These conditions
raise substantial doubt about the Company's ability to continue as
a going concern.


CECCHI GORI PICTURES: Case Summary & 7 Unsecured Creditors
----------------------------------------------------------
Debtor: Cecchi Gori Pictures
        1100 La Avenida Street
        Building A
        Mountain View, CA 94043

Case No.: 16-53499

Chapter 11 Petition Date: December 14, 2016

Court: United States Bankruptcy Court
       Northern District of California (San Jose)

Judge: Hon. Elaine M. Hammond

Debtor's Counsel: Ori Katz, Esq.
                  SHEPPARD, MULLIN, RICHTER & HAMPTON LLP
                  4 Embarcadero Center 17th Fl.
                  San Francisco, CA 94111
                  Tel: (415)434-9100
                  E-mail: okatz@sheppardmullin.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Andrew De Camara, chief executive
officer.

A copy of the Debtor's list of seven unsecured creditors is
available for free at http://bankrupt.com/misc/canb16-43499.pdf


CECCHI GORI USA: Case Summary & 8 Unsecured Creditors
-----------------------------------------------------
Debtor: Cecchi Gori USA, Inc.
        1100 La Avenida Street, Building A
        Mountain View, CA 94043
        Tel: 650-454-8001

Case No.: 16-53500

Chapter 11 Petition Date: December 14, 2016

Court: United States Bankruptcy Court
       Northern District of California (San Jose)

Judge: Hon. Elaine M. Hammond

Debtor's Counsel: Ori Katz, Esq.
                  SHEPPARD, MULLIN, RICHTER & HAMPTON, LLP
                  4 Embarcadero Center 17th Fl.
                  San Francisco, CA 94111
                  Tel: (415)434-9100
                  E-mail: okatz@sheppardmullin.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Andrew De Camara, chief executive
officer.

A copy of the Debtor's list of eight unsecured creditors is
available for free at http://bankrupt.com/misc/canb16-53500.pdf


CHANNEL TECHNOLOGIES: Sale of MSI Assets for $1.8 Million Approved
------------------------------------------------------------------
Judge Peter H. Carroll of the U.S. Bankruptcy Court for the Central
District of California authorized Channel Technologies Group, LLC's
asset purchase agreement with MSI Transducers Corp. in connection
with the private sale of assets used in connection with or arising
out of the Debtor's MSI business operation at its facility located
at 543 Great Road, Littleton, Massachusetts, for $1,750,000.

A hearing on the Motion was held on Dec. 14, 2016 at 10:00 a.m.

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

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

       http://bankrupt.com/misc/Channel_Technologies_122_Sales.pdf


The Debtor is authorized in accordance with Sections 105(a), 363
and 365 of the Bankruptcy Code to (a) assume and assign to the
Buyer, conditioned and effective upon the Closing of the Sale, the
Assigned Contracts free and clear of all Interests of any kind or
nature whatsoever, and (b) execute and deliver to the Buyer such
documents or other instruments as may be necessary to assign and
transfer the Assigned Contracts to the Buyer.

The Cure Amounts set forth on the Cure Notices and any disputed
cure amounts once resolved by agreement or by the Court are the
true, correct, final and fixed amounts, and only amounts, that are
required to be paid upon assumption of the Assigned Contracts
pursuant to Sections 365(b)(1)(A) and (B) of the Bankruptcy Code
and the Buyer is directed to pay such amounts under Sections 105,
363(b) and 365 of the Bankruptcy Code upon assumption of such
Assigned Contracts.  There will be no rent accelerations,
assignment fees, increases or any other fees charged to the Buyer
or its designee as a result of the assumption, assignment and sale
of the Assigned Contracts.

Because the Court finds that the Buyer is a good faith purchaser
within the meaning of Section 363(m), in the event that the parties
to the Sale consummate the transactions contemplated thereby while
an appeal of the Order is pending, the Buyer will be entitled to
rely upon the protections of section 363(m) of the Bankruptcy Code,
absent any stay pending appeal granted by a court of competent
jurisdiction prior to such consummation.

Notwithstanding Bankruptcy Rules 6004, 6006 and 7062, the Order
will be effective and enforceable immediately upon entry and its
provisions will be self-executing, and the Motion or notice thereof
will be deemed to provide sufficient notice of the Debtors' request
for waiver of the otherwise applicable stay of the order.  The
Order will be effective immediately upon entry pursuant to Rule
7062 and 9014 of the Federal Rules of Bankruptcy Procedure.

                About Channel Technologies Group

Headquartered in Santa Barbara, California, Channel Technologies
Group, LLC, designs and manufactures piezoelectric ceramics,
transducers, sonar equipment and other related products sold
primarily to military, commercial, and industrial customers in the
United States and internationally.

CTG is a privately owned California limited liability company
founded in 1959. In 2011, CTG was acquired by BW Piezo Holdings,
LLC, a Delaware limited liability company, from Alta Properties,
Inc., f.k.a. Channel Technologies, Inc. BWP now owns 100% of CTG's
member interests. BWP is majority-owned by Blue Wolf Capital Fund
II, L.P. (the Company's pre-petition lender), which is an
investment fund managed by Blue Wolf Capital Advisors, L.P. CTG is
a member-managed LLC. Charles Miller is the manager.

CTG filed a Chapter 11 petition (Bankr. C.D. Cal. Case No.
16-11912) on Oct. 14, 2016.  The case is assigned to Judge Peter
Carroll.

The Debtor estimated $10 million to $50 million in assets and
debt.

The Debtor has engaged Jeffrey W. Dulberg, Esq., at Pachulski
Stang Ziehl & Jones LLP as bankruptcy counsel, CR3 Partners, LLC
as
restructuring advisor, and Prime Clerk LLC as noticing, claims and
balloting agent.


CHC DEVELOPMENT: Hires Cohne Kinghorn as Bankruptcy Counsel
-----------------------------------------------------------
CHC Development Co., Inc., seeks authority from the U.S. Bankruptcy
Court for the District of Utah to employ Cohne Kinghorn, P.C. as
general bankruptcy counsel to the Debtor.

CHC Development requires Cohne Kinghorn to:

   a. advise the Debtor with respect to its duties and powers
      under the Bankruptcy Code, Bankruptcy Rules and related
      laws;

   b. assist the Debtor with respect to legal issues which may
      arise from time to time in the case;

   c. negotiate and prepare a plan of reorganization, disclosure
      statement and all related agreements and documents, and
      take any necessary action on behalf of the Debtor to obtain
      confirmation of such plan;

   d. assist the Debtor in collecting, preserving and disposing
      of assets;

   e. assist the Debtor in determining the validity and amount of
      claims in the case;

   f. advise the represent the Debtor with respect to causes of
      action which the Debtor may have against others;

   g. render legal advice and services to the Debtor regarding
      such other matters as may arise from time to time in this
      case; and

   h. represent of the Debtor in all aspects of the case other
      than matters relegated to special litigation counsel and to
      conflict counsel.

Cohne Kinghorn will be paid at these hourly rates:

     George B. Hofmann            $320
     Matthew M. Boley             $310
     Steven C. Strong             $305
     Kimberly Hansen              $230
     Jeffrey L. Trousdale         $165
     Diane Haney                  $115
     Jennifer Hasty               $100

Cohne Kinghorn will be paid a retainer in the amount of $25,000.
Cohne Kinghorn will also be reimbursed for reasonable out-of-pocket
expenses incurred.

George B. Hofmann, member of Cohne Kinghorn, P.C., assured the
Court that the firm is a "disinterested person" as the term is
defined in Section 101(14) of the Bankruptcy Code and does not
represent any interest adverse to the Debtor and its estates.

Cohne Kinghorn can be reached at:

     George B. Hofmann, Esq.
     COHNE KINGHORN, P.C.
     111 East Broadway, 11th Floor
     Salt Lake City, UT 84111
     Tel: (801) 363-4300
     Fax: (801) 363-4378
     E-mail: ghofmann@cohnekinghorn.com

                About CHC Development Co. Inc.

CHC Development Co., Inc., was incorporated in 1976 to develop and
operate a business as the Green Valley Spa Resort. A.H. Coombs,
LLC, was created about the same time to own and hold the real
property where CHC would operate the Spa Resort.

CHC Development Co. and A.H. Coombs, LLC, filed Chapter 11
bankruptcy petitions (Bankr. D. Utah. Case No. 16-25558 and
16-25559) on June 25, 2016. The cases are assigned to Judge William
T. Thurman. The petitions were signed by Alan H. Coombs,
president.

CHC estimated assets at $0 to $50,000 and liabilities at $100,001
to $500,000 at the time of the filing. A.H. Coombs estimated assets
and debt at $0 to $50,000 at the time of the filing.



CHC GROUP: Inks New Helicopter Service Contract with Wintershall
----------------------------------------------------------------
CHC Group on Dec. 14,  2016, disclosed that it has signed a new
contract with Wintershall Norge AS ("Wintershall"), to provide
helicopter services in support of their drilling program at the
Maria Field in the Norwegian Sea on the Halten Terrace in blocks
6407/1 and 6406/3.

"We are excited to work with Wintershall as their aviation partner
in this project," said Arne Roland, CHC Regional Director for
Nordic Countries, Eastern Europe, Caspian and Canada (NECC).  "This
project allows us continue to build on our decades of experience
supporting oil and gas customers in the Norwegian Continental Shelf
as we continue to evolve our services and technology to best meet
their needs."

The operation will begin in March 2017, flying from CHC's base in
Kristiansund using a Sikorsky S-92, which has a proven safety and
availability record, reaching more than one million fleet hours of
service earlier in 2016.

Wintershall's drilling program is expected to last for an initial
period of approximately 550 days and the contract includes an
option to extend CHC's services beyond this initial period.  "CHC
is proud to continue a safe and reliable transportation offering to
customers in and around the North Sea," said Karl Fessenden,
President and CEO of CHC Helicopter.  "We look forward to helping
Wintershall meet their transportation needs throughout this project
and are eager to start flying on their behalf upon project
commencement next year."

                  About CHC Group Ltd.

Headquartered in Irving, Texas, CHC Group Ltd. (OTC PINK: HELIQ) is
a global commercial helicopter services company primarily servicing
the offshore oil and gas industry.  CHC maintains bases on six
continents with major operations in the North Sea, Brazil,
Australia, and several locations across Africa, Eastern Europe,
and South East Asia.  CHC maintains a fleet of 230 medium and heavy
helicopters, 67 of which are owned by it and the remainder are
leased from various third-party lessors.

CHC Group Ltd. and 42 of its wholly-owned subsidiaries each filed a
voluntary petition for relief under Chapter 11 of the Bankruptcy
Code (Bankr. N.D. Tex. Case No. 16-31854) on May 5, 2016.  As of
Jan. 31, 2016, CHG had $2.16 billion in total assets and $2.19
billion in total liabilities.  

The Debtors hired Weil, Gotshal & Manges LLP as counsel, Debevoise
& Plimpton LLP as special aircraft counsel, PJT Partners LP as
investment banker, Seabury Corporate Advisors LLC as financial
advisor, CDG Group, LLC, as restructuring advisor, and Kurtzman
Carson Consultants LLC as claims and noticing agent.

The Office of the U.S. Trustee on May 13, 2016, appointed five
creditors of CHC Group Ltd. to serve on the official committee of
unsecured creditors.

The Creditors Committee's attorneys are Marcus A. Helt, Esq., and
Mark C. Moore, at Gardere Wynne Sewell LLP, and Douglas H. Mannal,
Esq., Gregory A. Horowitz, Esq., and Anupama Yerramalli, Esq., at
Kramer Levin Naftalis & Frankel LLP.

Angelo, Gordon & Co. and Cross Ocean Partners, which either hold
claims or manage funds and accounts that hold claims against the
Debtors' estates arising on account of the 9.25% Senior Secured
Notes due 2020 issued under the Indenture, dated as of Oct. 4,
2010, by and among CHC Helicopter S.A., as issuer, each of the
guarantors named therein, HSBC Corporate Trustee Company (UK)
Limited, as collateral agent, and the Bank of New York Mellon, as
indenture trustee, are represented by Jones Day.  


CHESAPEAKE ENERGY: Luke Corbett Appointed as Director
-----------------------------------------------------
The Board of Directors of Chesapeake Energy Corporation appointed
Luke R. Corbett to the Board on Dec. 14, 2016.  Mr. Corbett will
serve on the Audit and Nominating, Governance & Social
Responsibility Committees of the Board.

Upon Mr. Corbett's appointment as a non-employee director, Mr.
Corbett will receive the standard annual retainer paid to each
non-employee director, including: (i) an annual retainer of
$100,000, paid quarterly in installments; and (ii) an annual grant
of restricted stock units with an aggregate value of approximately
$250,000, issued pursuant to the Company's 2014 Long Term Incentive
Plan.  Mr. Corbett will receive prorated cash and restricted stock
unit awards for the remainder of 2016.

In connection with his appointment, the Company and Mr. Corbett
will enter into the Company's standard indemnity agreement for
officers and directors.

According to the Company, there are no arrangements or
understandings between Mr. Corbett and itself or any other person
pursuant to which Mr. Corbett was appointed as a director of the
Company.  Mr. Corbett is not related to any officer or director of
the Company.  

The Company said there are no transactions or relationships between
Mr. Corbett and the Company that would be required to be reported
under Item 404(a) of Regulation S-K, other than the following:
Grant Loxton, the son-in-law of Mr. Corbett, has been an employee
of the Company since May 2011.  Mr. Loxton's total cash and equity
compensation for 2015 was $342,124.  Mr. Loxton's compensation for
2016 will be disclosed in the Company's proxy statement for the
2017 Annual Meeting of Shareholders, if required.  The Company is a
significant employer in Oklahoma City.

"We seek to fill positions with qualified employees, whether or not
they are related to our executive officers or directors.  We
compensate employees who have such relationships within what we
believe to be the current market rate for their position and
provide benefits consistent with our policies that apply to
similarly situated employees.  Compensation arrangements for family
members of related parties are approved by the Compensation
Committee," the Company said.

                     About Chesapeake Energy

Headquartered in Oklahoma City, Chesapeake Energy Corporation's
(NYSE: CHK) operations are focused on discovering and developing
its large and geographically diverse resource base of
unconventional oil and natural gas assets onshore in the United
States.  The company also owns oil and natural gas marketing and
natural gas gathering and compression businesses.

As of Sept. 30, 2016, Chesapeake had $12.52 billion in total
assets, $13.45 billion in total liabilities and a total deficit of
$932 million.

Chesapeake reported a net loss available to common stockholders of
$14.85 billion for the year ended Dec. 31, 2015, compared to net
income available to common stockholders of $1.27 billion for the
year ended Dec. 31, 2014.


CINCINNATI BELL: S&P Affirms 'BB-' Rating on Secured Debt
---------------------------------------------------------
S&P Global Ratings said that it has reviewed its recovery and
issue-level ratings for Cincinnati Bell 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 affirming the 'BB-' issue-level rating on the company's
secured debt and the 'B' issue rating on the company's unsecured
debt.

S&P's recovery rating on Cincinnati Bell's secured debt remains a
'1' indicating S&P's expectations for very high (90%-100%) recovery
in the event of payment default.  S&P revised the recovery rating
on the company's unsecured debt to a '4' from a '3'.  The '4'
recovery rating indicates S&P's expectation for average (30%-50%,
lower half of the range) recovery in the event of payment default.

In addition, the 'B' corporate credit rating, and all other ratings
are not affected by the company's announcement that it will add on
$150 million to its existing $425 million senior unsecured notes
due 2024.  S&P expects the company will use net proceeds from the
add-on notes to repay a portion of its existing $540 million term
loan (approximately $524 million currently outstanding).  While the
reduction in secured debt should improve recovery prospects for
unsecured creditors, the addition of unsecured notes offsets the
improvement.  As a result, there is no change to the 'B'
issue-level rating or '4' recovery rating for the company's
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 the corporate credit ratings for issuers of the
affected debt issues.

Issue Ratings Affirmed, Recovery Ratings Unchanged

Cincinnati Bell Inc.
Senior secured                         BB-
  Recovery rating                       1

Issue Ratings Affirmed, Recovery Ratings Revised Due To Revised
Recovery
Rating Criteria For Speculative-Grade Corporate Issuers

                                        To       From
Cincinnati Bell Inc.
Senior unsecured
  $575 mil. 7% notes due 2024           B       B
   Recovery rating                      4L      3L


CIRCULATORY CENTERS: Hires Robert O Lampl as Attorneys
------------------------------------------------------
Circulatory Centers of Georgia, P.C., seeks authority from the U.S.
Bankruptcy Court for the Western District of Pennsylvania to employ
Robert O Lampl, John P. Lacher, David L. Fuchs and Ryan J. Cooney
as attorneys to the Debtor.

Circulatory Centers requires Robert O Lampl to:

   a. assist in, among other things, the administration of its
      Estate and to represent the Debtor on matters involving
      legal issues that are present or are likely to arise in the
      case;

   b. prepare any legal documentation on behalf of the Debtor;

   c. review reports for legal sufficiency; and

   d. furnish information on legal matters regarding legal
      actions and consequences and for all necessary legal
      services connected with Chapter 11 proceedings including
      the prosecution and/or defense of any adversary
      proceedings.

Robert O Lampl will be paid at these hourly rates:

     Robert O Lampl          $400
     John P. Lacher          $375
     David L. Fuchs          $350
     Ryan J. Cooney          $275
     Paralegal               $150

Robert O Lampl will also be reimbursed for reasonable out-of-pocket
expenses incurred.

Robert O Lampl, Esq., assured the Court that the firm is a
"disinterested person" as the term is defined in Section 101(14) of
the Bankruptcy Code and does not represent any interest adverse to
the Debtor and its estates.

Robert O Lampl can be reached at:

     Robert O Lampl, Esq.
     ROBERT O LAMPL, ATTORNEY AT LAW
     960 Penn Avenue, Suite 1200
     Pittsburgh, PA 15222
     Tel: 412-392-0330
     Fax: 412-392-0335
     E-mail: rol@lampllaw.com

                     About Circulatory Centers of Georgia

Circulatory Centers of Georgia, P.C., based in Pittsburgh, PA,
filed a Chapter 11 petition (Bankr. W.D. Pa. Case No. 16-24530) on
December 5, 2016. The Hon. Gregory L. Taddonio presides over the
case. Robert O Lampl, Esq., to serve as bankruptcy counsel.

In its petition, the Debtor estimated $0 to $50,000 in assets and
$1 million to $10 million in liabilities. The petition was signed
by Tom Certo, president.



CLIFFS NATURAL: Promotes Messrs. Tompkins and Flanagan to COO & CFO
-------------------------------------------------------------------
Cliffs Natural Resources Inc. announced the following executive
leadership promotions, effective Jan. 1, 2017.

  * Kelly P. Tompkins is named executive vice president & chief
    operating officer.  Mr. Tompkins, currently executive vice
    president & chief financial officer, will oversee the U.S.
    Iron Ore and Asia Pacific Iron Ore Operations, as well as the
    commercial and business development functions.

  * Timothy K. Flanagan is named executive vice president, chief
    financial officer & treasurer.  Mr. Flanagan, currently vice
    president, corporate controller, treasurer and chief
    accounting officer, will assume executive responsibility for
    finance, accounting, tax, treasury and investor relations.

Lourenco Goncalves, chairman of the Board, president and chief
executive officer said, "Even with the considerable progress we
have made in our turnaround, I still have plenty of work to do as
CEO of Cliffs for the next several years.  In order to ensure that
our critical objectives are accomplished, I am very pleased to
announce the promotions of Kelly Tompkins to COO and Tim Flanagan
to CFO.  Since the very beginning of my tenure as CEO of Cliffs,
Kelly has been my number two executive and right-hand man.  His
promotion to COO is a formal recognition of the major role he has
played, and will continue to play, within our organization."  Mr.
Goncalves added, "Over the course of the two and half years I have
been running Cliffs, Tim Flanagan has proven himself as a
knowledgeable and reliable leader within our finance department. As
we continue to improve our financial results and execute complex
transactions, I feel fortunate that I will have Tim working
directly with me for the next several years."

Kelly Tompkins joined Cliffs in May 2010, having previously been
executive vice president and chief financial officer for RPM
International Inc., a NYSE-listed, global specialty chemical
company.  Before joining RPM in 1996, he held various legal and
management positions with Cleveland-based Reliance Electric Company
and Exxon Corporation in Houston, Texas.  Mr. Tompkins received his
B.A. degree from Mercyhurst College and his J.D. degree from
Cleveland-Marshall College of Law.  Before serving as executive
vice president and chief financial officer at Cliffs, he served in
executive vice president roles in business development, commercial,
legal and government affairs.

Tim Flanagan has held a variety of financial leadership roles since
joining Cliffs in 2008, most recently responsible for the
accounting, reporting, treasury and  financial planning and
analysis functions.  He also previously served as the Assistant
Controller and Director of Internal Audit.  Prior to his tenure at
Cliffs, Mr. Flanagan spent eight years providing external audit and
consulting services to large public multi-national companies across
a number of disciplines including accounting, internal audit and
risk management while employed at Arthur Andersen and Protiviti,
respectively.  He has a B.S. in Accounting from the University of
Dayton and is a Certified Public Accountant licensed in Ohio.

Mr. Tompkins will be entitled to receive an increased base salary,
increased target short-term annual incentive opportunity as a
percentage of base salary from 80% to 120%, and increased target
long-term incentive opportunity as a percentage of base salary from
158% to 250%.

Mr. Flanagan will be entitled to receive an increased base salary,
increased target short-term annual incentive opportunity as a
percentage of base salary from 50% to 80%, and increased target
long-term incentive opportunity as a percentage of base salary from
90% to 175%.

                About Cliffs Natural Resources

Cliffs Natural Resources Inc. --
http://www.cliffsnaturalresources.com/-- is a mining and natural
resources company.  The Company is a major supplier of iron ore
pellets to the U.S. steel industry from its mines and pellet plants
located in Michigan and Minnesota.  Cliffs also produces
low-volatile metallurgical coal in the U.S. from its mines located
in West Virginia and Alabama.  Additionally, Cliffs operates an
iron ore mining complex in Western Australia and owns two
non-operating iron ore mines in Eastern Canada.  Driven by the core
values of social, environmental and capital stewardship, Cliffs'
employees endeavor to provide all stakeholders operating and
financial transparency.

On Jan. 27, 2015, Bloom Lake General Partner Limited and certain of
its affiliates, including Cliffs Quebec Iron Mining ULC commenced
restructuring proceedings in Montreal, Quebec, under the Companies'
Creditors Arrangement Act (Canada).  The initial CCAA order will
address the Bloom Lake Group's immediate liquidity issues and
permit the Bloom Lake Group to preserve and protect its assets for
the benefit of all stakeholders while restructuring and sale
options are explored.

Cliffs Natural reported a net loss attributable to Cliffs common
shareholders of $788 million on $2.01 billion of revenues for the
year ended Dec. 31, 2015, compared to a net loss attributable to
Cliffs common shareholders of $7.27 billion on $3.37 billion of
revenues for the year ended Dec. 31, 2014.

As of Sept. 30, 2016, Cliffs Natural had $1.77 billion in total
assets, $3.17 billion in total liabilities and a $1.40 billion
total deficit.

                          *    *     *

As reported by the TCR on April 19, 2016, Standard & Poor's Ratings
Services said it raised its corporate credit rating on
Cleveland-based Cliffs Natural Resources Inc. to 'CCC+' from 'SD'.

As reported by the TCR on Sept. 13, 2016, Moody's Investors Service
upgraded Cliffs Natural Resources Inc.'s Corporate Family Rating
(CFR) and Probability of Default Rating to Caa1 and Caa1-PD
respectively from Ca and Ca-PD respectively.  The upgrade reflects
the improving trends evidenced in Cliffs performance on
strengthened fundamentals in the US steel industry, the dominant
market for Cliffs iron ore pellets, and an improving order book as
well as the successful renegotiation of the contracts with
ArcelorMittal USA LLC, which had expiry dates of late 2016 and
early 2017.


COATES INTERNATIONAL: Inks License Deal with Secure Supply
----------------------------------------------------------
Coates International, Ltd., executed an exclusive license, which
became effective Dec. 5, 2016, with Secure Supply Mexico LLC and
Secure Supplies USA LLC.  The License grants Licensees the right to
distribute, use, sell and lease Coates CSRV electric power hydrogen
generator sets and engines covering the United States, Canada and
Mexico and their territories.  Licensees may only acquire Coates
CSRV electric power hydrogen generator sets and engines
manufactured by the Registrant or its authorized designee and are
not permitted to manufacture any of the licensed products. Licensee
is require to remit a US$1,000,000 deposit under the License, which
Licensees have scheduled for payment within the next ten to 20
days.

Licensees have indicated that the first phase of their project will
require 400MW of total output from 400 one (1) MW Hydrogen
Generator Sets with a sales price of US$1,000,000 per MW.  Licensee
has acknowledged in writing, its intention to place it first order
for 60 one (1) MW units by the end of January 2017, along with the
required 50% deposit with each order, which would amount to a
deposit of US$30,000,000.

Licensees will supply certain components that will enable the
Coates CSRV electric power hydrogen generator sets and engines to
operate efficiently with Licensees' hydrogen generating
technology.

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

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

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

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

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


COHERENT INC: S&P Raises Rating on $100MM Sr. Facility to 'BB+'
---------------------------------------------------------------
S&P Global Ratings said that it has reviewed its recovery and
issue-level ratings for Coherent 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.
S&P is raising the rating to 'BB+' from 'BB' on the $100 million
senior secured revolving credit facility and the EUR670 million
senior secured term loan and revising the recovery rating to '2',
indicating S&P's expectation for substantial (70%-90%; lower end of
the range) recovery in the event of a payment default, from '3'.

The rating action stems solely from the application of S&P's
revised recovery criteria and does not reflect any change in its
assessment of the corporate credit ratings for issuers of the
affected debt issues.

RATINGS LIST

Coherent Inc.
Corporate Credit Rating                    BB/Stable/--       

Upgraded
                                           To                From
Coherent Holding GmbH
Sr Sec $100 mil revolv bank ln due 2021   BB+               BB
  Recovery Rating                          2L                3H
EUR670 mil term bank ln due 2023          BB+               BB
  Recovery Rating                          2L                3H


COMMUNITY HOME: Court Grants Payment of $628K in Fees to JW
-----------------------------------------------------------
Judge Edward Ellington of the United States Bankruptcy Court for
the Southern District of Mississippi granted the motion filed by
Jones Walker LLP, counsel to Kristina M. Johnson, Trustee of
Community Home Financial Services, Inc., for an order directing
immediate, interim payment of fees in the second and third fee
applications in an amount not less than the amounts not objected to
on a line-item basis.

On March 5, 2014, the Court entered an order granting Johnson's
application to employ JW as counsel nunc pro tunc to January 8,
2014.

On August 26, 2015, JW filed its second application for
compensation for the period of August 1, 2014, through June 30,
2015, and reimbursement of expenses, in which JW sought $938,397.50
as attorneys' fees and $67,943.88 in expenses (for a total of
$1,006,341.38).  On September 25, 2015, Edwards Family Partnership,
L.P. and Beher Holdings Trust filed an objection to the fee
application.

On October 27, 2015, the Court entered its Memorandum Opinion on
the first fee application filed by JW.  In response to the Court's
First Fee Opinion, JW filed its amended second application for
compensation for the period of August 1, 2014 through June 30,
2015, and reimbursement of expenses, in which JW sought $895,274.00
as attorneys' fees and $67,943.88 in expenses (for a total of
$963,217.88).  On January 8, 2016, Edwards and Beher filed a
supplemental objection to the amended second application.  Edwards
objected to time entries which total $523,681.00.  Of the requested
$895,274.00, Edwards did not object to time entries totaling
$371,593.00.

On July 8, 2016, JW filed its third application for compensation
for the period of July 1, 2015 through February 29, 2016, and
reimbursement of expenses, in which JW sought $557,647.00 as
attorneys' fees and $12,580.88 in expenses (for a total of
$570,227.88).  Edwards and Beher filed an objection on August 3,
2016.  Edwards objected to time entries which total $296,353.50.
Of the requested $557,647.00, Edwards did not object to time
entries totaling $261,293.50.

On November 22, 2016, JW filed the motion for an order directing
immediate, interim payment of fees in the second and third fee
applications in an amount not less than the amounts not objected to
on a line-item basis.  In its motion, JW stated that by its
calculations, Edwards has not objected to $628,037.00 in legal fees
requested by JW.  Therefore, JW requested that the Court direct
immediate payment (by December 31, 2016) on an interim basis the
$628,037.00 to which Edwards has not objected.  

On November 30, 2016, Edwards and Beher filed an objection to the
motion.  In its Objection, Edwards contended that: (1) the Court
has already ruled that the "Trustee cannot automatically use any of
the money she has on hand to pay any fees"; (2) that the only funds
the Trustee has on hand which are not subject to Edwards' claimed
security interest totals only $279,559.49; and (3) that the motion
should be denied and the case converted to a Chapter 7.

Judge Ellington noted that what JW is seeking in the motion is to
be paid on an interim basis for the fees to which Edwards did not
object.  The judge found that JW was not seeking to be paid for any
of the time to which Edwards' objects in either the Amended Second
Fee Application or the Third Fee Application, therefore, Edwards'
rights are protected.

Judge Ellington stated that while the Court is sympathetic toward
Edwards and its desire to be paid, the Court cannot, however, rule
in Edwards' favor simply because Edwards believes it is "right"
about having a lien on the majority of the debtor's assets.

Judge Ellington recognized that JW is a national law firm which
employs approximately 390 attorneys in offices in nine states and
the District of Columbia.  The judge was confident that JW would
have the financial ability to repay the funds to the bankruptcy
estate if at the end of the case or upon conversion, the Court
orders JW to disgorge funds.  For these reasons, Judge Ellington
found that JW should be paid on an interim basis the fees to which
Edwards did not object on a line-item basis.  The judge also found
that the Trustee is authorized to immediately pay to JW the sum
requested in its motion, $628,037.00, out of the $2,644,430.98 of
unencumbered funds.

A full-text copy of Judge Ellington's December 16, 2016 memorandum
opinion is available at:

         http://bankrupt.com/misc/mssb12-01703-1543.pdf

                 About Community Home Financial

Community Home Financial Services, Inc., filed a Chapter 11
petition (Bankr. S.D. Miss. Case No. 12-01703) on May 23, 2012.
The petition was signed by William D. Dickson, president.

Community Home Financial is a specialty finance company located in
Jackson, Mississippi, providing contractors with financing for
their customers.  CHFS operates from one central location providing
financing through its dealer network throughout 25 states, Alabama,
Delaware, and Tennessee.  The Debtor scheduled $44.9 million in
total assets and $30.3 million in total liabilities.  Judge Edward
Ellington presides over the case.

The Debtor was first represented by Roy H. Liddell, Esq., and
Jonathan Bissette, Esq., at Wells, Marble, & Hurst, PPLC as Chapter
11 counsel.  Wells Marble was terminated Nov. 13, 2013.

The Debtor is now being represented by Derek A. Henderson, Esq., in
Jackson, Miss.  In 2013, the Debtor sought to employ David Mullin,
Esq., at Mullin Hoard & Brown LLP, as special counsel.

On Jan. 9, 2014, Kristina M. Johnson was appointed as Chapter 11
Trustee for the Debtor.  Jones Walker LLP serves as counsel to the
Chapter 11 trustee, while Stephen Smith, C.P.A., acts as
accountant.


COMSTOCK RESOURCES: Carl Westcott Has 8.44% Stake as of Dec. 14
---------------------------------------------------------------
In an amended Schedule 13D filed with the Securities and Exchange
Commission, Carl H. Westcott disclosed that as of Dec. 14, 2016, he
beneficially owns 1,136,238 shares of common stock, par value $0.50
per share, of Comstock Resources, Inc., which represents 8.44
percent of the shares outstanding.

Carl H. Westcott directly holds 755,000 shares of common stock, par
value $0.50 per share, of Comstock.  Additionally, Mr. Westcott
exercises shared voting and disposition power over 343,938 shares
of Common Stock with Court H. Westcott as managers of Carl
Westcott, LLC, the general partner of each of Commodore Partners,
Ltd., which directly owns 323,938 shares of Common Stock, and G.K.
Westcott LP, which directly owns 20,000 shares of Common Stock.

Carl H. Westcott has shared discretionary authority to purchase and
dispose of shares of Common Stock under various accounts for the
benefit of the following persons, who directly hold the following
amounts of shares of Common Stock: Court H. Westcott, 10,000
shares; Carla Westcott, 13,000 shares; Peter Underwood, 11,250
shares; Francisco Trejo, Jr., 2,050 shares; and Rosie Greene, 1,000
shares.  Carl H. Westcott does not exercise any voting power over
any such shares of Common Stock owned by the aforementioned
individuals and expressly disclaims beneficial ownership of such
shares.

The percentage ownership is based on 13,455,559 shares of Common
Stock outstanding, as reported by the Company in its quarterly
report on Form 10-Q filed on Nov. 9, 2016.  The number of shares
beneficially owned also reflects a 1-for-5 reverse stock split
effected by the Company on Aug. 1, 2016.

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

                     https://is.gd/jLo1qy

                   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 $220.0 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.


CYU LITHOGRAPHICS: Wants to Use Cash Collateral on Final Basis
--------------------------------------------------------------
CYU Lithographics, Inc., d/b/a Choice Lithographics, asks the U.S.
Bankruptcy Court for the Central District of California for
authorization to use cash collateral on a final basis.

The Court had issued a temporary Order directing the Debtor to pay
RM Machinery the amount of $8,500 per month, for a three-month
period, commencing Oct. 10, 2016.

The Debtor tells the Court that it has timely and properly made
each and every scheduled adequate protection payment of $8,500,
which were made on Oct. 10, Nov. 10, and Dec. 10, 2016.  The Debtor
further tells the Court that it has fully satisfied its monthly
financial obligation to RM Machinery as ordered.

The Debtor relates that it has generated additional post-petition
receivables due in 30 days or less in the amount of $132,324.  The
Debtor further relates that is accounts receivables total
approximately $222,441 and is substantially more than enough to
make up for any loss in value of RM Machinery's equipment due to
its usage in the Debtor's business, based upon RM Machinery's own
admissions.

The Debtor proposes to increase the monthly adequate protection to
RM Machinery from $8,500 to $10,000.

The Debtor's proposed Budget provides for total monthly operating
expenses in the amount of $44,278, and total monthly non-operating
expenses of $797.

A full-text copy of the Debtor's Motion, dated Dec. 14, 2016, is
available at
http://bankrupt.com/misc/CYULithographics2016_816bk13915TA_91.pdf

                  About CYU Lithographics, Inc.

CYU Lithographics, Inc., doing business as Choice Lithographics,
filed a Chapter 11 petition (Bankr. C.D. Cal. Case No. 16-13915) on
Sept. 16, 2016.  The petition was signed by Michael C. Wang,
president.  The case is assigned to Judge Theodor Albert.  The
Debtor is represented by John H. Bauer, Esq., at Financial Relief
Legal Advocates, Inc.  At the time of filing, the Debtor estimated
assets at $100,000 to $500,000 and liabilities at $1 million to $10
million.


DIAMONDBACK ENERGY: S&P Revises Outlook to Pos. & Affirms 'B+' CCR
------------------------------------------------------------------
S&P Global Ratings revised its outlook to positive from stable on
Midland, Texas-based Diamondback Energy Inc. and affirmed the 'B+'
corporate credit rating.

At the same time, S&P assigned a 'BB-' issue-level rating to the
company's new $250 million senior unsecured notes maturing 2025.
The recovery rating is '2', reflecting S&P's expectation of
substantial (70% to 90%, lower end of the range) recovery in the
event of default.

Diamondback Energy announced the acquisition of approximately
76,000 net acres and related assets primarily in Pecos and Reeves
counties, Texas from Brigham Operating LLC and Brigham Resources
Midstream LLC.  S&P expects the $2.4 billion purchase price to be
largely equity funded and that the transaction will provide an
immediate boost to production and help improve the company's scale
and scope relative to other 'B-' category peers.

As a result, S&P has revised its outlook on Diamondback to positive
from stable.  The positive outlook reflects S&P's expectations the
company will continue to expand and develop its acreage without
significantly weakening its debt leverage measures.  Although S&P
expects the company's overall debt to increase with this
transaction, Diamondback has used a number of equity offerings
throughout the year to help fund acquisitions and capital spending,
allowing the company to maintain a minimal draw on its revolving
credit facility.

The positive rating outlook on Diamondback reflects the potential
to upgrade the company over the next 12 months if it can
successfully integrate the new Delaware Basin assets and continue
to grow and develop its acreage to levels consistent with
higher-rated peers while maintaining FFO to debt of at least 20% on
a sustained basis.

S&P could revise the outlook to stable if Diamondback's growth and
development does not proceed as expected.  Such a scenario could
take place if commodity prices remained well below S&P's
expectations and drilling remained uneconomical.


DORA CHINCHILLA: Unsecureds To Recoup 100% Under Plan
-----------------------------------------------------
Dora L. Chinchilla filed with the U.S. Bankruptcy Court for the
District of Nevada a disclosure statement referring to the Debtor's
plan of reorganization.

Holders of Class 3B General Unsecured Claims will be paid the
amount of $3,500, which represents 100% payout.  Class 3B is
impaired under the Plan.

Payments and distributions under the Plan will be funded by rent
payments received by the Debtor for her property located at 9120
Whatley Street, Las Vegas, Nevada 89148 and the Debtor's wage
income as construction worker as required.

The Disclosure Statement is available at:

          http://bankrupt.com/misc/nvb16-11054-52.pdf

The Plan was filed by the Debtor's counsel:

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

Dora L. Chinchilla filed for Chapter 11 bankruptcy protection
(Bankr. D. Nev. Case No. 16-11054) on March 2, 2016.


DOWLING COLLEGE: Hires CBRE, Inc. to Market Brookhaven Dorm
-----------------------------------------------------------
Dowling College, seeks authority from the U.S. Bankruptcy Court for
the Eastern District of New York to employ CBRE, Inc. as real
estate broker to the Debtor.

Dowling College requires CBRE, Inc.to:

   a. market the Debtor's property a 72,000 square foot
      dormitory, the Brookhaven Dorm, a residence located on two
      acres of land at the Debtor's campus at 1300 William Floyd
      Parkway, Shirley, Town of Brookhaven, New York 11967, using
      such advertising, solicitation of outside brokers, and
      other promotional and marketing activities as may be
      necessary and agreed upon with the Debtor;

   b. analyze offers and proposals from potential purchasers and
      offering recommendations to the Debtor in connection with
      any proposed transaction involving the Brookhaven Dorm;

   c. assist with negotiations regarding any potential
      transaction involving the Brookhaven Dorm; and

   d. assist with the consummation of any transaction involving
      the Brookhaven Dorm.

CBRE, Inc. will be paid a commission of 4% of the gross sale
proceeds.

Charles Berger, member of CBRE, Inc., assured the Court that the
firm is a "disinterested person" as the term is defined in Section
101(14) of the Bankruptcy Code and does not represent any interest
adverse to the Debtor and its estates.

CBRE, Inc.can be reached at:

     Charles Berger
     CBRE, INC.
     58 S. Service Road, Suite 410
     Melville, NY 11747
     Tel: (631) 370-6000

                       About Dowling College

Dowling College sought Chapter 11 bankruptcy protection (Bankr.
E.D.N.Y. Case No. 16-75545) on Nov. 30, 2016, estimating assets of
$100 million to $500 million and debt of less than $100 million.

The Debtor is represented by Klestadt Winters Jureller Southard &
Stevens, LLP. Robert Rosenfeld of RSR Consulting, LLC serves as its
chief restructuring officer while Garden City Group, LLC serves as
its claims and noticing agent.

Founded in 1955 as part of Adelphi College's outreach to Suffolk
County, New York, the Debtor became the first four-year,
degree-granting liberal arts institution in the county. It
purchased the former W.K. Vanderbilt estate in Oakdale in 1962. In
1968, the Debtor severed its ties with Adelphi and was renamed
after its chief benefactor, Robert Dowling, a noted city planner
and aviator. It expanded its facilities in 1993 with the
development of the Brookhaven campus.

The Office of the U.S. Trustee on Dec. 9 appointed three creditors
of Dowling College to serve on the official committee of unsecured
creditors.



DR. MARCEL B. GEGATI: Wants Authorization to Use Cash Collateral
----------------------------------------------------------------
Dr. Marcel B. Gegati, P.A., asks the U.S. Bankruptcy Court for the
Southern District of Florida for authorization to use cash
collateral.

The Debtor's cash collateral consists of the gross revenue
generated by the Debtor from daily operations.

The Debtor tells the Court it requires the use of cash collateral
for the continued operation of its business in the ordinary course,
including the provision of care to its patients, continuing
payroll, and remitting payment for expenses.  The Debtor further
tells the Court that without the use of cash collateral, the Debtor
will be forced to discontinue its business operation.

The Debtor's proposed 30-day Budget provides for total expenses in
the amount of $32,465.

The Debtor does not concede that any party has a perfected security
interest in the cash collateral.  The Debtor contends that for
purposes of this motion, it will presume that U.S. Bank National
Association has an interest in cash collateral and that said
interest is first priority.

The Debtor relates that the amount owed to U.S. Bank is estimated
at $306,630.40.  The Debtor further relates that the collateral
that U.S. Bank is asserting an interest in is located at the
Debtor’s location of business, and includes all assets and
personal property, including equipment required by Debtor to
continue operations and the accounts receivables.

The Debtor proposes to grant U.S. Bank a replacement lien to the
extent U.S. Bank's cash collateral is used by Debtor, and to the
extent and with the same priority in Debtor's postpetition
collateral, and proceeds thereof, that U.S. Bank holds in Debtor's
prepetition collateral.

ReadyCap Lending, LLC, holds a first-mortgage security interest on
the property.  ReadyCap Lending has filed a foreclosure action
against Debtor, in Broward County, Florida.

The Debtor seeks to remit to ReadyCap payment in the amount of
$2,423 for the pendency of the bankruptcy as adequate protection,
representative of Debtor's contractual mortgage payment and escrow
component.  The Debtor expects this payment amount to adjust
periodically for county taxes and insurance.

A full-text copy of the Debtor's Motion, dated Dec. 14, 2016, is
available at
http://bankrupt.com/misc/DrMarcelBGegatiPA2016_1626559rbr_3.pdf

A full-text copy of the Debtor's proposed Budget, dated Dec. 14,
2016, is available at
http://bankrupt.com/misc/DrMarcelBGegatiPA2016_1626559rbr_3_1.pdf

Dr. Marcel B. Gegati, P.A. is represented by:

          Matis H. Abarbanel, Esq.
          Rachamin Cohen, Esq.
          LOAN LAWYERS, LLC
          2150 S. Andrews Avenue
          Second Floor
          Fort Lauderdale, FL 33316
          Telephone: (954) 523-4357
          E-mail: rocky@fight13.com

                  About Dr. Marcel B. Gegati, P.A.

Dr. Marcel B. Gegati, P.A., filed a chapter 11 petition (Bankr.
S.D. Fla. Case No. 16-26559-RBR) on Dec. 14, 2016.  The Debtor is
represented by Matis H. Abarbanel, Esq. and Rachamin Cohen, Esq.,
at Loan Lawyers, LLC.

The Debtor owns and operates a dental practice located at 300 NW
70th Avenue, Suite 108, Fort Lauderdale, Florida.  The Debtor is
the medical practice of Doctor Marcel Baghdadi-Gegati, who has been
practicing in the South Florida area for 8 years.


DRAGONWAVE INC: Obtains NASDAQ Listing Rule Compliance Extension
----------------------------------------------------------------
DragonWave Inc. a global supplier of packet microwave radio systems
for mobile and access networks, on Dec. 14, 2016, disclosed that
the Listing Qualifications Staff of The Nasdaq Stock Market issued
a letter granting the Company an extension until April 17, 2017 to
regain compliance with Nasdaq Listing Rule 5550(b)(1), which
requires listed companies to maintain a minimum of $2,500,000 in
shareholders' equity.

Previously, the Company had received a notification letter that it
failed to maintain a minimum of $2,500,000 in shareholders' equity.
In accordance with the instruction provided in the notification
letter, the Company responded to NASDAQ, applying for a full
extension together with a plan to regain compliance with Listing
Rule 5550(b)(1).  Following NASDAQ's review, NASDAQ granted the
Company's extension request.  If the Company does not regain
compliance with Listing Rule 5550(b)(1) by
April 17, 2017 and evidence such compliance on a periodic report,
the Company may be subject to delisting from NASDAQ.

                       Going Concern Doubt

On July 25, 2016, The Troubled Company Reporter reported that the
Company remains in breach of the terms of its debt facility, and is
negotiating a new long term debt facility.  The continued
consumption of cash has raised substantial doubt about DragonWave
Inc.'s ability to continue as a going concern.  Management's plans
to restructure the business and overcome these difficulties include
initiatives in a number of areas which includes targeting its sales
efforts to direct and indirect opportunities in markets with higher
gross margins, and lower working capital requirements; adjusting
its business focus and resources away from Nokia in order to
support new sales channels; renegotiating the terms of existing
debt facilities; continuing to minimize fixed and variable
operating expenses, by tightly controlling discretionary spending
and headcount growth; actively investigating and pursuing
alternative forms of financing; reducing inventory levels in both
raw material and finished goods inventory; and working closely with
vendors to ensure supply continuity.

                        About DragonWave

DragonWave(R) (TSX:DWI)(NASDAQ:DRWI) --
http://www.dragonwaveinc.com-- is a provider of  
high-capacity packet microwave solutions that drive next-generation
IP networks.  DragonWave's carrier-grade point-to-point packet
microwave systems transmit broadband voice, video and data,
enabling service providers, government agencies, enterprises and
other organizations to meet their increasing bandwidth requirements
rapidly and affordably.  The principal application of DragonWave's
portfolio is wireless network backhaul, including a range of
products ideally suited to support the emergence of underlying
small cell networks.  Additional solutions include leased line
replacement, last mile fiber extension and enterprise networks.
DragonWave's corporate headquarters is located in Ottawa, Ontario,
with sales locations in Europe, Asia, the Middle East and North
America.


DRAW ANOTHER CIRCLE: Plan Filing Period Extended to Jan. 24
-----------------------------------------------------------
Judge Kevin J. Carey of the U.S. Bankruptcy Court for the District
of Delaware extended Draw Another Circle, LLC, et al.'s exclusive
periods for filing a chapter 11 plan and soliciting acceptances to
the plan to January 24, 2016 and March 27, 2017, respectively.

The Debtors previously sought the extension of their exclusive
periods, telling the Court that they had made significant progress
in the case:   they had completed store closing sales, closed all
of their retail locations and sold substantially all of their
assets, as well as resolved a significant number of disputes.  

The Debtors further told the Court that they had drafted and are in
the process of finalizing a joint combined disclosure statement and
plan of liquidation with the Official Committee of Unsecured
Creditors, which the Debtors intended to file in the very near
future.  

The Debtors related that they were working diligently to seek
confirmation of a liquidating plan, to distribute the value
obtained from the various sales and other assets to their various
creditor constituencies, and to conclude their chapter 11 cases as
quickly as possible.

The Debtors further related that the extension would permit them to
prepare and solicit support for what the Debtors anticipate to be a
consensual chapter 11 plan in the near future.

            About Draw Another Circle, LLC.

Draw Another Circle, LLC, and four of its subsidiaries, namely,
Hastings Entertainment, Inc., MovieStop, LLC, SP Images, Inc., and
Hastings Internet, Inc. filed voluntary petitions under Chapter 11
of the Bankruptcy Code (Bankr. D. Del. Lead Case No. 16-11452) on
June 13, 2016.  The petitions were signed by Joel Weinshanker,
manager.  The Debtors estimated assets at $0 to $50,000 and debts
at $50 million to $100 million at the time of the filing.

As of the bankruptcy filing, Hastings operated 123 entertainment
superstores, averaging approximately 24,000 square feet,
principally in medium-sized markets located in 19 states, primarily
in the Northwestern, Midwestern, and Southeastern United States,
and had over 3,500 employees.  As of the Petition Date,
Atlanta-based MovieStop operated 39 destination locations in 10
states, primarily along the Eastern United States Coast.

Headquartered in Franklin, Massachusetts, SP Images, Inc., is a
distributor of sports and entertainment products and apparel.
Hastings, MovieStop and SPI are each wholly-owned subsidiaries of
DAC.

The Debtors are represented by Christopher M. Samis, Esq., L.
Katherine Good, Esq., and Chantelle D. McClamb, Esq., at Whiteford,
Taylor & Preston LLC and Cathy Hershcopf, Esq., Michael Klein,
Esq., and Robert Winning, Esq., at Cooley LLP.  The Debtors tapped
FTI Consulting as financial advisor, Rust Consulting/Omni
Bankruptcy as claims and noticing agent, and RCS Real Estate
Advisors as lease disposition consultant.

Andrew Vara, acting U.S. Trustee for Region 3, on June 21 appointed
seven creditors of Draw Another Circle, LLC, to serve on the
official committee of unsecured creditors.  The Official Committee
of Unsecured Creditors retained Lowenstein Sandler LLP as counsel,
FTI Consulting, Inc. as financial advisor, and BDO USA, LLP as
financial advisor.


E & E ENTERPRISES: Hires Cannons Online as Auctioneer
-----------------------------------------------------
E & E Enterprises Global, Inc., seeks authority from the U.S.
Bankruptcy Court for the Eastern District of Virginia to employ
Cannons Online Auctions L.L.C. as auctioneer to the Debtor.

E & E Enterprises requires Cannons Online to auction online the
properties of the Debtor, mostly its office furniture and
equipment.

Cannons Online will be paid a commission on a sale of 30% of the
high bid plus a 15% buyer's premium.

Clide Cannon, member of Cannons Online Auctions L.L.C., assured the
Court that the firm is a "disinterested person" as the term is
defined in Section 101(14) of the Bankruptcy Code and does not
represent any interest adverse to the Debtor and its estates.

Cannons Online can be reached at:

     Clide Cannon
     CANNONS ONLINE AUCTIONS L.L.C.
     9125 West Broad Street, Suite 1
     Richmond, VA 23294
     Tel: (804) 325-8598

                       About E & E Enterprises

E & E Enterprises Global, Inc., sought protection under Chapter 11
of the Bankruptcy Code (Bankr. E.D. Va. Case No. 16-50334) on March
15, 2016. The petition was signed by Ernest Green, Jr., president
and CEO.

The case is assigned to Judge Frank J. Santoro.

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



E-WORLD USA: Incurs $2.03 Million Net Loss in March 2015 Quarter
----------------------------------------------------------------
E-World USA Holding, Inc., filed with the Securities and Exchange
commission its quarterly report on Form 10-Q disclosing a net loss
of $2.03 million on $250,804 of total sales for the three months
ended March 31, 2015, compared to net income of $2.90 million on
$3.93 million of total sales for the three months ended March 31,
2014.

As of March 31, 2015, E-World USA had $27.06 million in total
assets, $38.35 million in total liabilities and a total
shareholders' deficit of $11.29 million.

As of March 31, 2015, the Company had a cash balance of $296,299
and $317,346 at
Dec. 31, 2014.  The Company said its cash balance at March 31,
2015, and Dec. 31, 2014, was significantly impacted by the
inability to access approximately $3,643,000 in cash held in bank
accounts in the People's Republic of China.

For the three months ended March 31, 2015, cash used in operating
activities amounted to approximately $0.2 million as compared to
approximately $52,000 used in operating activities in the same
period ended 2014.  Cash used in operating activities was mainly
due to approximately $1.9 million of net loss from the Company and
the decrease of approximately $0.1 million of deferred revenue,
offset by net cash provided by operating activities from
discontinued operations of approximately $0.9 million, the decrease
of inventory of approximately $0.1 million as we are anticipating a
weaker sales for the remainder of 2015 and net of approximately
$0.9 million of non-cash operating activities.

For the three months ended March 31, 2015, cash used in investing
activities amounted to approximately $66,000.  Cash used in
investing was mainly due to Prime purchasing equipment for its
operations.

For the three months ended March 31, 2015, financing activities
provided approximately $1.0 million as compared to the same period
in 2014 when we used approximately $22,000 to repay related parties
and shareholder advances.  Cash received in the three months ended
March 31, 2005, for the amount of $1.1 million was from the
Company's principal shareholder and chief executive officer.

Other than operating expenses, the Company does not have
significant cash commitments.  Cash requirements include cash
needed for payroll, payroll taxes, rent, and other operating
expenses.  However in response to the reduced liquidity factors,
the Company said it has continued find ways to reduce the Company's
operating expenses.  In addition, the Company said should it need
additional capital, its principal shareholder and chief executive
officer may lend money to the Company from time to time to the
extent he is in a position to do so.

"Management has concluded under generally accepted accounting
principles that there is substantial doubt about our ability to
continue as a going concern as a result of our lack of significant
revenues.  If we are unable to generate significant revenue or
secure financing, we may be required to cease or limit our
operations.  Our financial statements do not include adjustments
that might result from the outcome of this uncertainty," the
Company said in the quarterly report.

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

                    https://is.gd/M6DoqI

                     About E-World USA

E-World USA Holding, Inc., is a provider of Health and Nutritional
supplements and Personal Care products currently sold on the
Internet.  In June 2014, the Company suspended its prior sales
model which involved sales of its products through another website
by means of a network of Direct Sales Associates, or "DSA's".  In
response to the legal action taken by the Chinese authorities that
resulted in freezing approximately $3,643,000 of funds held in a
Chinese account, since June 2014, the Company had mainly sold its
products over the Internet directly to end-user customers, and
sales have decreased in a material amount due to the elimination of
the use of DSA's.

E-World USA reported a net loss of $1.07 million on $6.67 million
of total sales for the year ended Dec. 31, 2014, compared with a
net income of $2.23 million on $4.68 million of total sales for the
year ended in 2013.


ELBARDI INTERNATIONAL: Hires GTA Consulting as Accountant
---------------------------------------------------------
Elbardi International Plaza C, LLC, seeks authority from the U.S.
Bankruptcy Court for the District of Puerto Rico to employ GTA
Consulting, LLC, as accountant to the Debtor.

Elbardi International requires GTA Consulting to:

   a. provide assistance in the preparation of the monthly
      operating reports;

   b. provide assistance in business consulting services in the
      development of reorganization strategies and business
      plans; and

   c. provide tax preparation services.

GTA Consulting will be paid as follows:

   a. Tax Compliance Services                 $1,500 per year
   b. Bankruptcy Related Services             $80-$75 per hour
   c. Routine Advice Services                 $80-$75 per hour

GTA Consulting will also be reimbursed for reasonable out-of-pocket
expenses incurred.

Jorge Guallini, member of GTA Consulting, LLC, assured the Court
that the firm is a "disinterested person" as the term is defined in
Section 101(14) of the Bankruptcy Code and does not represent any
interest adverse to the Debtor and its estates.

GTA Consulting can be reached at:

     Jorge Guallini
     GTA CONSULTING, LLC
     Ave. Ashford 1018, Suite 3a-7
     San Juan, PR 00907
     Tel: (787) 993-5323
     E-mail: Jorge-guallini@gta-cpa.com

                       About Elbardi International Plaza

Elbardi International Plaza C, LLC sought protection under Chapter
11 of the Bankruptcy Code (Bankr. D.P.R. Case No. 16-03845) on May
13, 2016, disclosing under $1 million in both assets and
liabilities. The Debtor is represented by Luis E Correa Gutierrez,
Esq.



ELBIT IMAGING: Announces Series H Notes Buyback as of Dec. 15
-------------------------------------------------------------
Elbit Imaging Ltd. disclosed that repurchases of these Notes were
executed since Sept. 29, 2016, to Dec. 15, 2016:

Note: Series H

The Acquiring
Corporation: Elbit Imaging Ltd

Quantity Purchased
(Par Value): 9,947,230

Weighted Average
Price: 97.6

Total Amount
Paid (NIS): 9,708,496

The entire repurchased notes since Oct. 12, 2015, as the first
Notes buyback plan announcement, to Dec. 15, 2016:

Note: Series H

The Acquiring
Corporation: Elbit Imaging Ltd

Quantity Purchased
(Par Value): 145,205,333

Weighted Average
Price: 91.81

Total Amount
Paid (NIS): 133,287,795

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

                     https://is.gd/UQXet8

                      About Elbit Imaging

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

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

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

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

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

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


EMMAUS LIFE: Receives Japanese Patent for Use of L-glutamine
------------------------------------------------------------
Emmaus announced the allowance of patent application number
2014-547181, directed to the treatment of diverticulosis, by the
Japanese Patent Office.  The allowance of this application follows
the issuance of corresponding patents in both Australia (Pat. No.
2012355956, November 3, 2016) and China (Pat. No. 104114165,
October 19, 2016).  Related patent applications are currently
pending in various jurisdictions around the world, including the
United States, Europe, South Korea, Brazil, Russia, India, Mexico
and Indonesia.

The allowed Japanese application reports a significant reduction in
the number of intestinal diverticula, the primary indicator of
diverticulosis, through therapeutic application of L-glutamine.
There are no commercial therapies that claim an ability to reduce
intestinal diverticula at the present time.

The covered invention is directed to methods and/or compositions
for the treatment of diverticulosis.  It is more specifically
directed to compositions including L-glutamine and/or uses of such
compositions in the treatment of diverticulosis.  Diverticulosis
refers to a condition where pouches (i.e., diverticula) form along
the colon wall.  Over time, some people get an infection in the
pouches (diverticulitis).  Epidemiological studies indicate that
the prevalence of this disease is increasing worldwide.  It is
estimated that at least 50% of the population over the age of 60 in
the United States, Europe and Australia have diverticulosis.  In
Japan, a recent study found diverticulosis in 20.3% of the
investigated population (mean age 67.6 years).

According to Yutaka Niihara, MD, MPH, Chairman and CEO of Emmaus,
the Company is in the process of developing PGLG for the treatment
of diverticulosis, in addition to seeking US Food & Drug
Administration approval to market the product for the treatment of
sickle cell disease in adults and pediatric patients.  "We believe
that PGLG has the potential to address a range of unmet medical
needs and we are working to expand the number of therapeutic
indications," Niihara says.  "These patents will allow us to
protect our intellectual property as we continue research and
product development."  The company recently announced the FDA has
set a PDUFA date of July 7, 2017, for a decision on the Company's
new drug application for the use of PGLG to treat sickle cell
disease.

                       About Emmaus Life

Emmaus Life Sciences, Inc., is engaged in the discovery,
development, and commercialization of treatments and therapies
primarily for rare and orphan diseases.  This biopharmaceutical
company's headquarters is in Torrance, California.

Emmaus Life reported a net loss of $12.7 million on $590,114 of
net revenues for the year ended Dec. 31, 2015, compared to a net
loss of $21.8 million on $500,679 of net revenues for the year
ended Dec. 31, 2014.

As of Sept. 30, 2016, Emmaus Life had $21.56 million in total
assets, $30.84 million in total liabilities and a total
stockholders' deficit of $9.28 million.

SingerLewak 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, its total liabilities exceed its
total assets and it has an accumulated stockholders' deficit.  This
raises substantial doubt about the Company's ability to continue as
a going concern.


ENERGY XXI: Equity Committee Taps Mark Rifkin as Counsel
--------------------------------------------------------
The Official Committee of Equity Security Holders of Energy XXI
Ltd. seeks approval from the U.S. Bankruptcy Court for the Southern
District of Texas to retain Mark C. Rifkin and Wolf Haldenstein
Adler Freeman & Herz LLP as special Securities Counsel on a
Contingency Basis, effective November 28, 2016.

The Equity Committee seeks to retain Rifkin and the Firm to provide
the Equity Committee with legal advice and services with respect to
the cases, including but not limited to the preservation of
multiple pre-petition and post-petition derivative causes of action
sought be released in the Plan.

With the Court's permission, the Firm shall perform all legal
services pursuant to the ruling at the June 15, 2016 hearing on the
motion to appoint an equity committee. The firm will be paid on a
contingency fee of 33% of any recovery related to pursuit of
derivative causes of action (including but not limited to any cash,
common stock, warrants, options, notes, other contingent and
non-contingent payments, interests or other property) ("Contingent
Fee").  The Firm understands that the fee is only payable in the
event it is authorized by subsequent Court order or the terms of a
confirmed plan to pursue such derivative claims.

Mark C. Rifkin, partner of Wolf Haldenstein, assured the Court that
the firm is a "disinterested person" as the term is defined in
Section 101(14) of the Bankruptcy Code and does not represent any
interest adverse to the Debtors and their estates.

Mr. Rifkin and the firm can be reached at:

       Mark C. Rifkin, Esq.
       WOLF HALDENSTEIN ADLER
       FREEMAN & HERZ LLP
       270 Madison Avenue
       New York, NY 10016
       Tel: (212) 545-4762
       Fax: (212) 686-0114
       E-mail: rifkin@whafh.com

                      About Energy XXI, Ltd.

Energy XXI Ltd (OTCMKTS: EXXIQ) was incorporated in Bermuda on July
25, 2005.  With its principal operating subsidiary headquartered in
Houston, Texas, Energy XXI is engaged in the acquisition,
exploration, development and operation of oil and natural gas
properties onshore in Louisiana and Texas and in the Gulf of Mexico
Shelf.

Energy XXI Ltd and 25 of its affiliates filed on April 14, 2016,
bankruptcy petitions in the U.S. Bankruptcy Court for the Southern
District of Texas (Bankr. S.D. Tex. Lead Case No. 16-31928). The
petitions were signed by Bruce W. Busmire, the CFO. Judge Karen K.
Brown is assigned to the cases.

Energy XXI Ltd on April 14, 2016, also filed a winding-up petition
commencing an official liquidation proceeding under the laws of
Bermuda before the Supreme Court of Bermuda.

The Debtors sought bankruptcy protection after reaching a deal with
lenders on the filing of a restructuring plan that would convert
$1.45 billion owed to second lien noteholders into equity of the
reorganized company.

The Debtors have hired Vinson & Elkins LLP as counsel, Gray Reed &
McGraw, P.C. as special counsel, Conyers Dill & Pearman as Bermuda
counsel, Locke Lord LLP as regulatory counsel, PJT Partners LP as
investment banker, Opportune LLP as financial advisor, Epiq
Systems, Inc., as notice and claims agent.

Wilmer Cutler Pickering Hale and Dorr LLP represents an ad hoc
group of certain holders and investment advisors and managers for
holders of obligations arising from the 8.25% Senior Notes due 2018
issued pursuant to that certain Indenture, dated as of Feb. 14,
2011, by and among EPL Oil & Gas, Inc., certain of EPL's
subsidiaries, as guarantors, and U.S. Bank National Association, as
trustee.

The Office of the U.S. Trustee on April 26 appointed five creditors
of Energy XXI Ltd. to serve on the official committee of unsecured
creditors.  The Committee retains Heller, Draper, Patrick, Horn &
Dabney LLC as its co-counsel, Latham & Watkins LLP as its
co-counsel, and FTI Consulting, Inc. as its financial advisor.


EXCELLENCE HOLDING: Seeks to Hire Golub as Legal Counsel
--------------------------------------------------------
Excellence Holding, LLC seeks approval from the U.S. Bankruptcy
Court for the Middle District of Florida to hire legal counsel in
connection with its Chapter 11 case.

The Debtor proposes to hire Michael E. Golub, P.A. to give legal
advice regarding its duties under the Bankruptcy Code, assist in
the preparation of a bankruptcy plan, and provide other legal
services.  The firm will receive a retainer of $10,000.

Golub does not represent any interest adverse to the Debtor or its
bankruptcy estate.

The firm can be reached through:

     Michael E. Golub, Esq.
     Michael E. Golub P.A.
     819 W. Main Street, Suite B
     Tavares, FL 32778
     Phone: 352-742-7777
     Email: Mglaw7@aol.com
     Email: golublawoffice@aol.com

                    About Excellence Holding

Excellence Holding, LLC sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. M.D. Fla. Case No. 16-07750) on November
29, 2016.  The petition was signed by Abderrazak Boughanmi,
authorized representative.  

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


EXCELLENCE HOLDING: Seeks to Hire Irlo Bronson as Manager
---------------------------------------------------------
Excellence Holding, LLC seeks approval from the U.S. Bankruptcy
Court for the Middle District of Florida to hire a management
company.

The Debtor proposes to hire 2050 Irlo Bronson LLC to provide
employees to maintain its rental units, and provide customer
service on its behalf.  The firm will get 40% of the Debtor's
monthly rental income as compensation for its services.

Irlo Bronson does not represent any interest adverse to the Debtor
or its bankruptcy estate, according to court filings.

The firm maintains an office at:

     2050 Irlo Bronson LLC
     2050 E. Irlo Bronson Memorial Highway
     Kissimmee, FL 34744
     Phone: 407-970-7606
     Fax: 407-386-6647

                    About Excellence Holding

Excellence Holding, LLC sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. M.D. Fla. Case No. 16-07750) on November
29, 2016.  The petition was signed by Abderrazak Boughanmi,
authorized representative.  

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


FANNIE MAE: FHFA Releases 2017 Conservatorship Scorecard
--------------------------------------------------------
The Federal Housing Finance Agency released the 2017
conservatorship scorecard, which establishes corporate performance
objectives for Fannie Mae and Freddie Mac, including the relative
weighting of each.

A principal element of 2017 compensation for Fannie Mae's officers
identified as "executive officers" in its annual report on Form
10-K for the year ended Dec. 31, 2015, other than its chief
executive officer, will be deferred salary, a portion of which will
be subject to reduction, or "at-risk," based on performance. Fannie
Mae expects that one half of the 2017 at-risk deferred salary for
its executives will be subject to reduction based on the Company's
performance against the 2017 conservatorship scorecard and
additional objectives FHFA may establish.  FHFA will have the
primary role in determining whether Fannie Mae has achieved the
objectives, with input from management and our Board of Directors.

2017 Conservatorship Scorecard (Corporate Performance Objectives)

For all Scorecard items, Fannie Mae and Freddie Mac (the
Enterprises) and Common Securitization Solutions will be assessed
based on the following criteria:

Assessment Criteria

  * The extent to which each Enterprise conducts initiatives in a
    safe and sound manner consistent with FHFA's expectations for
    all activities;

  * The extent to which the outcomes of their activities support a
    competitive and resilient secondary mortgage market to support

    homeowners and renters;

  * The extent to which each Enterprise conducts initiatives with
    consideration for diversity and inclusion consistent with
    FHFA's expectations for all activities;

  * Cooperation and collaboration with FHFA, each other, the
    industry, and other stakeholders; and

  * The quality, thoroughness, creativity, effectiveness, and
    timeliness of their work products.

Maintain, in a safe and sound manner, credit availability and
foreclosure prevention activities for new and refinanced mortgages
to foster liquid, efficient, competitive, and resilient national
housing finance markets. (40%)

FHFA expects the Enterprises to efficiently and effectively operate
their single-family and multifamily business activities in a manner
that supports safety and soundness, market liquidity, and access to
credit.

The Enterprises are to:

Work to increase access to single-family mortgage credit for
creditworthy borrowers, including underserved segments of the
market:

* Continue to assess opportunities to address credit access and
  develop recommendations for improvements where appropriate:

    * Conduct research to assess opportunities for responsibly
      supporting access to credit for underserved borrower groups.

    * Leveraging research and analysis, develop pilots and
      initiatives that take into account the changing
      circumstances and needs of the borrower population.

    * Support access to credit for borrowers with limited English
      proficiency by assessing the impact of language barriers
      throughout the mortgage life cycle and developing a plan to
      improve access to credit that is appropriate for the
      Enterprises.

* Continue to improve the effectiveness of pre-purchase counseling

  and homeownership education through technology, data analysis,   
  
  and other opportunities as appropriate.

* Conclude assessment of updated credit score models for
  underwriting, pricing, and investor disclosures, and, as
  appropriate, plan for implementation.

Finalize post-crisis loss mitigation activities:

* Implement the post-crisis permanent modification for borrowers
  with long-term hardships and finalize related activities,
  including updates to the Uniform Borrower Assistance Form.

* Develop other post-crisis loss mitigation options for borrowers,

  including solutions for borrowers with short-term hardships and
  guidelines for foreclosure alternatives such as short sale and
  deed-in-lieu.  Develop an implementation plan and timeline for
  these offerings.

Continue to responsibly reduce the number of severely-aged
delinquent loans and real estate owned properties:

* Continue to implement strategies to responsibly reduce the
   number of severely-aged delinquent loans held by the
   Enterprises with a focus on providing home retention options
   for borrowers when possible, including through non-performing
   loan sales.

* Continue to responsibly reduce the number of real estate owned
   properties held by the Enterprises, including through the   
   Neighborhood Stabilization Initiative.

Assess the current mortgage servicing business model:

* With the objective of ensuring ongoing liquidity in the
   mortgage servicing market and ensuring counterparty strength,
   initiate a multiyear assessment of both the challenges facing
   the mortgage servicing market and potential solutions for
   identified issues.

* Work collaboratively with industry stakeholders and seek
   stakeholder feedback in assessing these challenges and
   potential solutions.

Explore opportunities to further support liquidity in multifamily
affordable housing:

* Explore opportunities to further support liquidity in
  multifamily affordable housing, including through pilots and
  initiatives.  Research and analysis are encouraged in the
  following areas: workforce housing, affordability in high-cost
  and very-high cost areas, targeted affordable housing, small
  multifamily properties, manufactured housing rental community
  blanket loans, senior housing, rural housing, energy efficiency,
  and other areas as identified by the Enterprises.

Manage the dollar volume of new multifamily business to remain at
or below $36.5 billion for each Enterprise:

* Loans in affordable and underserved market segments, as defined

   in Appendix A, are to be excluded from the $36.5 billion cap.

Reduce taxpayer risk through increasing the role of private capital
in the mortgage market. (30%)

The Enterprises are to:

FHFA expects the Enterprises to continue single-family and
multifamily credit risk transfers as core business practices.  FHFA
will adjust targets as necessary to reflect market conditions and
economic considerations.

Single-Family Credit Risk Transfers:

* Transfer a meaningful portion of credit risk on at least 90
  percent of the unpaid principal balance (UPB) of newly acquired
  single-family mortgages in loan categories targeted for risk
  transfer.  For 2017, targeted single-family loan categories
  include: non-HARP and non-high LTV refinance, fixed-rate
  mortgages with terms greater than 20 years and loan to value
  ratios above 60 percent.

* Continue efforts to evaluate and implement economically feasible

  ways to transfer credit risk on other types of newly acquired
  single-family mortgages that are not included in the targeted
  loan categories.

* Identify, evaluate, and address significant issues from the 2016

  Request for Input on advancing the Enterprises' credit risk
  transfer programs, including through consideration of front-end
  credit risk transfers.

Multifamily Credit Risk Transfers:

* Transfer a meaningful portion of credit risk on at least 80
  percent of the UPB of newly acquired multifamily mortgages.

* Continue efforts to evaluate, and implement if economically
  feasible, further ways to transfer additional credit risk.

Retained Portfolio:

* Execute FHFA-approved retained portfolio plans that meet, even
  under adverse conditions, the annual PSPA requirements and the
  $250 billion PSPA cap by Dec. 31, 2018.

   * Any sales should be commercially reasonable transactions that

     consider impacts to the market, borrowers, and neighborhood
     stability.

Private Mortgage Insurer Eligibility Requirements (PMIERs 2.0):

  * Evaluate existing PMIERs and whether changes or updates are
    appropriate.

Build a new single-family infrastructure for use by the Enterprises
and adaptable for use by other participants in the secondary market
in the future. (30%)
The Enterprises are to:

Common Securitization Platform and Single Security:

The Common Securitization Platform (CSP) and Single Security are
significant, multiyear initiatives, and FHFA expects these
inter-related projects to remain ongoing conservatorship
priorities. FHFA expects the Enterprises and Common Securitization
Solutions, LLC (CSS) to implement the Single Security on the CSP
for both Fannie Mae and Freddie Mac in 2018.

   * Continue working with FHFA, each other, and CSS to: 1) build
     and test the CSP; 2) implement the changes necessary to
     integrate the Enterprises' related systems and operations
     with the CSP; and 3) implement the Single Security on the CSP

     for both Enterprises.

   * Incorporate the following design principles in developing the

     CSP:

      * Focus on the functions necessary for current Enterprise
        single-family securitization activities.

      * Include the development of operational and system
        capabilities necessary for CSP to facilitate the issuance
        and administration of a Single Security for the
        Enterprises.

* Allow for the integration of additional market participants in
  the future.

* Continue to work with each other and CSS to obtain and utilize
  input from the Single Security/CSP Industry Advisory Group.

Provide Active Support for Mortgage Data standardization
Initiatives:
    
* Continue the development and implementation of the Uniform
  Closing Disclosure Dataset.

Appendix A: Multifamily Definitions

1. Market share target and quarterly review of market size
The 2017 Scorecard establishes a $36.5 billion cap on the
multifamily purchase volume of each Enterprise (the "capped
category").  Loans in affordable and underserved market segments
are excluded from the cap (the "excluded category").  FHFA will
review the Agency's estimates of the multifamily loan origination
market size on a quarterly basis.  If FHFA determines that the
actual 2017 market size is greater than was projected, it will
apply an appropriate increase to the capped category.  If FHFA
determines that the actual 2017 market size is smaller than was
projected, it will not reduce the capped category.

The following sections explain how FHFA will treat loans in the
affordable and underserved market segments.

2. Loans on targeted affordable housing properties
Targeted affordable housing loans are loans to properties
encumbered by a regulatory agreement or a recorded use restriction
under which all or a portion of the units are restricted for
occupancy by tenants with limited incomes and which may restrict
the rents that can be charged for those units.  FHFA will exclude a
proportionate amount of the loan for properties in the targeted
affordable category, depending on the percentage of units that are
restricted by a regulatory agreement or recorded use restriction.
FHFA will exclude from the cap 50 percent of the loan amount if the
percentage of restricted units is less than 50 percent of the total
units in a project, and will exclude 100 percent of the loan amount
if the percentage of restricted units is equal to or more than 50
percent.

The following are examples of loans on targeted affordable housing
properties that FHFA will exclude from the capped category:

  * Loans on properties subsidized by the Low Income Housing Tax
    Credit program, which limits tenant incomes at 60 percent of
    area median income (AMI) or below;

  * Loans on properties developed under state or local
    inclusionary zoning, real estate tax abatement, loan or     
    similar programs, where the property owner has agreed to: a)
    restrict a portion of the units for occupancy by tenants with
    limited incomes in accordance with the requirements of the
    state or local program and restrict the rents that can be
    charged for those units at rents affordable to those tenants;
    and b) enforce these restrictions through a regulatory
    agreement or recorded use restriction; and

  * Loans on properties covered by a Section 8 Housing Assistance
    Payment contract where the contract limits tenant incomes to
    80 percent of AMI or below.  FHFA will not consider a unit
    that is occupied by a Section 8 certificate or voucher holder  

    as a targeted affordable housing unit unless there is also a
    contract or a regulatory agreement or a recorded use
    restriction.  

On a case-by-case basis, FHFA will consider Enterprise requests to
exclude other loans from the capped category that meet affordable
housing and mission goals but do not meet the exact definition of
targeted affordable housing.

3. Loans on other affordable units

FHFA will exclude from the capped category units whose rents are
affordable to tenants at various income thresholds but that are not
subject to a regulatory agreement or recorded use restriction. FHFA
will exclude the pro rata portion of the loan amount based on the
percentage of units with affordable, unsubsidized/market rents, as
described below.

a. Loans on affordable units in standard markets
Standard markets are those that are not located in rural areas or
in designated high cost or very high cost markets.  For properties
located in these markets, the income threshold for affordability is
60 percent of AMI or below.

b. Loans on affordable units in high cost or very high cost markets


In high cost markets as designated by FHFA, the income threshold
for affordability is 80 percent of AMI or below.  In very high cost
markets as designated by FHFA, the income threshold for
affordability is 100 percent of AMI or below.

4. Loans on properties located in rural areas

Rural areas are those areas as designated in the Duty to Serve
rule. FHFA will exclude the pro rata portion of the loan amount
based on the percentage of units affordable at 80 percent of AMI or
below.  Very high cost market adjustments are not available.

5. Loans on small multifamily properties

Small multifamily properties are properties that have 5 to 50
units.  FHFA will exclude the pro rata portion of the loan amount
based on the percentage of units affordable at 80 percent of AMI or
below in standard and high cost markets, and 100 percent of AMI or
below in very high cost markets.

6. Manufactured housing rental community blanket loans
Loans to manufactured housing rental communities are blanket loans
secured by the land and the rental pads.  FHFA will exclude the
full loan amount of a manufactured housing rental community blanket
loan.

7. Loans on seniors housing assisted living properties

For loans on seniors housing assisted living properties, FHFA will
exclude the pro rata portion of the loan amount based on the
percentage of units affordable at 80 percent of AMI or below.  Very
high cost market adjustments are not available.

8. Loans to finance energy or water efficiency improvements

Loans to finance energy or water efficiency improvements are loans
funded by the Enterprises under their own specialized financing
programs for this purpose.  The full loan amount under the Fannie
Mae Green Rewards and Freddie Mac Green Up and Green Up Plus loan
programs will be excluded from the cap.  For loans funded under the
Fannie Mae Green Building Certification program, and the Freddie
Mac Green Certified program, exclude 50 percent of the loan amount
if at least 20 percent but less than 50 percent of the unit rents
are affordable by applying the income limits in Section 3 and
exclude 100 percent of the loan amount if the percentage of
affordable units is equal to or more than 50 percent.

9. Other Scorecard requirements
For purposes of reporting on loan and commitment activity under the
2017 Scorecard, the Enterprises must: a) use the definitions for
determining unit affordability of seniors housing assisted living
units, coop units and shared living arrangements, including student
housing, that are included in the August 2015 housing goals
regulation; b) use affordability data as of the loan acquisition
date; c) report monthly to FHFA on their acquisition and commitment
volumes using a reporting format that aligns with the Scorecard
categories; and d) report quarterly on their acquisition volumes
under the capped category and under the affordable and underserved
excluded category in a public disclosure using a reporting format
to be determined by FHFA.

A full-text copy of the Form 8-K filed with the Securities and
Exchange Commission is available for free at https://is.gd/HAPXCP

                About Fannie Mae and Freddie Mac

Federal National Mortgage Association (OTCQB: FNMA), commonly
known as Fannie Mae -- http://www.FannieMae.com/-- is a
government-sponsored enterprise (GSE) that was chartered by U.S.
Congress in 1938 to support liquidity, stability and affordability
in the secondary mortgage market, where existing mortgage-related
assets are purchased and sold.

A brother organization of Fannie Mae is the Federal Home Loan
Mortgage Corporation (FHLMC), better known as Freddie Mac.
Freddie Mac (OTCBB: FMCC) -- http://www.FreddieMac.com/-- was
established by Congress in 1970 to provide liquidity, stability and
affordability to the nation's residential mortgage markets.
Freddie Mac supports communities across the nation by providing
mortgage capital to lenders.

During the time of the subprime mortgage crisis, on Sept. 6, 2008,
Fannie Mae and Freddie Mac were placed into conservatorship by the
U.S. Treasury.  The Treasury committed to invest up to $200
billion in preferred stock and extend credit through 2009 to keep
the GSEs solvent and operating.  Both GSEs are still operating
under the conservatorship of the Federal Housing Finance Agency
(FHFA).

In exchange for future support and capital investments of up to
$100 billion in each GSE, each GSE agreed to issue to the Treasury
(i) $1 billion of senior preferred stock, with a 10% coupon,
without cost to the Treasury and (ii) common stock warrants
representing an ownership stake of 79.9%, at an exercise price of
one-thousandth of a U.S. cent ($0.00001) per share, and with a
warrant duration of 20 years.

                       Financial Results

As of Sept. 30, 2016, Fannie Mae had $3.25 trillion in total
assets, $3.25 trillion in total liabilities and $4.17 billion in
total equity.

As of Sept. 30, 2016, Freddie Mac had $2.015 trillion in total
assets, $2.011 trillion in total liabilities and $3.510 billion in
total equity.

For the nine months ended Sept. 30, 2016, Fannie Mae reported net
income of $7.27 billion on $79.88 billion of total interest income
compared with net income of $8.48 billion on $82.07 billion of
total interest income for the nine months ended Sept. 30, 2015.

For the nine months ended Sept. 30, 2016, Freddie Mac reported net
income of $2.968 billion on $49.16 billion of total interest
income compared with net income of $4.218 billion on $50.21 billion
of total interest income for the nine months ended Sept. 30, 2015.


FEFIFO LLC: Taps Premier Brokers of Georgia as Broker
-----------------------------------------------------
Fefifo, LLC seeks approval from the U.S. Bankruptcy Court for the
Northern District of Georgia to hire a real estate broker.

The Debtor proposes to hire Premier Brokers of Georgia in
connection with the sale of its real property located at 2318 Old
Cornelia Highway, Gainesville, Georgia.

Premier Brokers will get a commission of 7% of the gross sales
price.

Robert Blount, a real estate broker employed with Premier Brokers,
disclosed in a court filing that he and other employees of the firm
are "disinterested persons" as defined in section 101(14) of the
Bankruptcy Code.

The firm can be reached through:

     Robert Blount
     Premier Brokers of Georgia
     20 North Broad Street
     Winder, GA 30680
     Office: 470-429-5956

                        About Fefifo LLC

Fefifo LLC sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. N. D. Ga. Case No. 16-22175) on October 27, 2016.  

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


FERRO CORP: S&P Affirms 'BB-' CCR & Revises Outlook to Stable
-------------------------------------------------------------
S&P Global Ratings affirmed its ratings on Ohio-based chemical
company Ferro Corp., including its 'BB-' corporate credit rating,
and revised the rating outlook to stable from developing.

At the same time, S&P affirmed its 'BB-' issue-level rating on the
company's senior secured debt.  The recovery rating remains '3',
indicating S&P's expectation of meaningful (50% to 70%; higher half
of the range) recovery in the event of payment default.

"The outlook revision follows the conclusion of Ferro's board of
director's review of strategic alternatives and conversations with
the company regarding financial policies," said S&P Global Ratings
credit analyst Mark Tarnecki.

S&P expects that the company will focus its value creation strategy
on supplementing organic growth opportunities through bolt-on
acquisitions, and improving profitability.  S&P's current ratings
do not factor in any transformational acquisitions, as it expects
inorganic growth to come from bolt-on acquisitions to supplement
the company's product and geographic reach.  S&P believes the
potential for a merger or sale of the company over the next one to
two years appears remote.

The stable outlook reflects S&P's belief that profitability will
gradually improve in the next one to two years as a result of both
cost-saving initiatives, as well as the integration of the
company's recently acquired, higher-margin-generating companies.
S&P's ratings assume management will continue to pursue its growth
initiatives, while maintaining credit measures at levels in line
with a significant financial risk profile.  Based on S&P's
forecasts, it expects that the company will maintain its pro forma
FFO-to-debt ratio about 20% on average on a sustainable basis and
debt to EBITDA below 4x.

"We could lower the ratings within the next 12 months if the
company is unable to successfully integrate its recently acquired
businesses, and cost-savings initiatives do not result in the
improving profitability that we expect.  Based on our downside
scenario, we would expect FFO to debt below 15% on average on a
sustainable basis (pro forma for acquisitions).  In addition, we
could also lower the ratings if, against our expectations, the
company were to undertake more aggressive financial policies such
as a large debt-funded acquisition or shareholder rewards," S&P
said.

S&P could raise the ratings within the next 12 months if the
company's integration of its recent acquisitions, along with its
ability to maintain lower costs from its recent cost-saving
initiatives, leads S&P to a reassessment of the company's business
risk profile to fair.  S&P could also raise the ratings if the
company's profitability improves beyond S&P's expectations,
resulting in stronger than-expected credit measures.  In this
scenario, S&P would expect weighted-average FFO to debt above 30%
on a sustainable basis.


FINJAN HOLDINGS: Court Finds '494 Patent Claims vs Blue Coat Valid
------------------------------------------------------------------
Finjan Holdings, Inc., provides an update on subsidiary, Finjan,
Inc.'s second patent infringement suit against Blue Coat Systems,
Inc. in Finjan v. Blue Coat, 5:15-cv-03295-BLF, before the
Honorable Beth Labson Freeman.  On Dec. 13, 2016, the Court entered
its Order Denying Blue Coat's Motion for Judgment on the Pleadings
under 35 U.S.C. Section 101, filed on Sept. 16, 2016, that asserted
claims of Finjan's U.S. Patent No. 8,677,494 ("the '494 Patent")
are invalid for lack of patentable subject matter. The Order
concluded that "the asserted claims of the '494 patent ... contain
an inventive concept sufficient to transform [the] claims into
patentable subject matter."  The Order can be found on p. 21 of
Docket No. 156.

"We are again gratified that the Court carefully and concisely
vetted our '494 Patent under controlling patent law and determined
that our '494 invention is patentable subject matter, and that the
resulting patent is valid and enforceable," commented Julie
Mar-Spinola, Finjan Holdings, CIPO.  "This and numerous other
decisions confirming the validity and enforceability of our patents
adds another layer of significance to our already valuable patent
portfolio."
    
Finjan has pending infringement lawsuits against FireEye, Inc.,
Sophos, Inc., Symantec Corp., Palo Alto Networks., Blue Coat
Systems, Inc. and ESET relating to, collectively, more than 20
patents in the Finjan portfolio.  The court dockets for the
foregoing cases are publicly available on the Public Access to
Court Electronic Records (PACER) website, www.pacer.gov, which is
operated by the Administrative Office of the U.S. Courts.
  
                         About Finjan

Finjan, formerly known as Converted Organics, is a leading online
security and technology company which owns a portfolio of patents,
related to software that proactively detects malicious code and
thereby protects end-users from identity and data theft, spyware,
malware, phishing, trojans and other online threats.  Founded in
1997, Finjan is one of the first companies to develop and patent
technology and software that is capable of detecting previously
unknown and emerging threats on a real-time, behavior-based basis,
in contrast to signature-based methods of intercepting only known
threats to computers, which were previously standard in the online
security industry.

Finjan Holdings reported a net loss of $12.6 million in 2015, a
net loss of $10.5 million in 2014 and a net loss of $6.07 million
in 2013.

As of Sept. 30, 2016, Finjan had $15.04 million in total assets,
$4.57 million in total liabilities, $13.68 million in redeemable
preferred stock and $3.22 million in stockholders' deficit.


FINTON CONSTRUCTION: Wants to Use Plaza Bank Cash Collateral
------------------------------------------------------------
Finton Construction, Inc., asks the U.S. Bankruptcy Court for the
Southern District of Florida for authorization to use cash
collateral.

The Debtor is currently authorized to use cash collateral until
Dec. 27, 2016.

The Debtor is indebted to Plaza Bank, in the amount of $299,972.
Plaza Bank has an interest in the Debtor's cash collateral.

The Debtor tells the Court that it requires the use of cash
collateral to, among other things, fund all necessary operating
expenses of the Debtor's business as well as pay for its regular
and ordinary expenses.  The Debtor further tells the Court that it
will suffer immediate and irreparable harm if it is not authorized
to use the cash collateral to fund the items in its proposed
Budget.

The Debtor's proposed Budget provides for total operating expenses
in the amount of $102,268 for each of the months of December 2016
through June 2017.

The Debtor proposes to maintain its payments to Plaza Bank in
accordance with the loan documents.

A full-text copy of the Debtor's Motion, dated Dec. 14, 2016, is
available at
http://bankrupt.com/misc/FintonConstruction2016_1619221LMI_112.pdf

A full-text copy of the Debtor's proposed Budget, dated Dec. 14,
2016, is available at
http://bankrupt.com/misc/FintonConstruction2016_1619221LMI_112_1.pdf

                     About Finton Construction

Finton Construction, Inc., is a construction company, claiming to
build "finest homes" in the United States and overseas.  Primary
operations are on Star Island in Miami-Dade County, Florida.

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


FOGGIA REAL: Ordered to Submit Proposed Cash Collateral Order
-------------------------------------------------------------
Judge Christopher J. Panos of the U.S. Bankruptcy Court for the
District of Massachusetts ordered Foggia Real Estate LLC's counsel
to submit a proposed Order incorporating the changes discussed in
Court.

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

http://bankrupt.com/misc/FoggiaRealEstate2016_1641832_38.pdf

               About Foggia Real Estate LLC

Foggia Real Estate LLC filed for Chapter 11 bankruptcy protection
(Bankr. D. Mass. Case No. 16-41832) on Oct. 27, 2016, estimating
its assets and liabilities between $500,001 and $1,000,000.  The
petition was signed by Joseph L. Cariglia, manager.  James P.
Ehrhard, Esq., at Ehrhard & Associates, P.C., serves as the
Debtor's bankruptcy counsel.


FREDDIE MAC: FHFA Releases 2017 Scorecard
-----------------------------------------
The Federal Housing Finance Agency (FHFA) released on Dec. 15,
2016, the 2017 scorecard for Freddie Mac (formally known as the
Federal Home Loan Mortgage Corporation).

One-half of a participating officer's At-Risk Deferred Salary (or
15% of Target Total Direct Compensation) under the terms of the
2015 Executive Management Compensation Program is subject to
reduction based on an assessment of Freddie Mac's performance
against the Scorecard objectives and other objectives set by FHFA.
The Scorecard is set forth below:

                  2017 Scorecard for Freddie Mac

For all Scorecard items, Freddie Mac will be assessed based on the
following criteria:

Assessment Criteria

   * The extent to which Freddie Mac conducts initiatives in a
     safe and sound manner consistent with FHFA's expectations for

     all activities;

   * The extent to which the outcomes of its activities support a
     competitive and resilient secondary mortgage market to
     support homeowners and renters;

   * The extent to which Freddie Mac conducts initiatives with
     consideration for diversity and inclusion consistent with
     FHFA's expectations for all activities;

   * Cooperation and collaboration with FHFA, Fannie Mae, Common
     Securitization Solutions, the industry, and other
     stakeholders; and

   * The quality, thoroughness, creativity, effectiveness, and
     timeliness of its work products.

Maintain, in a safe and sound manner, credit availability and
foreclosure prevention activities for new and refinanced mortgages
to foster liquid, efficient, competitive, and resilient national
housing finance markets. (40%)

FHFA expects Freddie Mac to efficiently and effectively operate its
single-family and multifamily business activities in a manner that
supports safety and soundness, market liquidity, and access to
credit.

Freddie Mac is to:

Work to increase access to single-family mortgage credit for
creditworthy borrowers, including underserved segments of the
market:

*  Continue to assess opportunities to address credit access and
   develop recommendations for improvements where appropriate:

    * Conduct research to assess opportunities for responsibly
      supporting access to credit for underserved borrower groups.

    * Leveraging research and analysis, develop pilots and
      initiatives that take into account the changing
      circumstances and needs of the borrower population.

    * Support access to credit for borrowers with limited English
      proficiency by assessing the impact of language barriers
      throughout the mortgage life cycle and developing a plan to
      improve access to credit that is appropriate for Freddie
      Mac.

* Continue to improve the effectiveness of pre-purchase  
  counseling and homeownership education through technology, data
  analysis, and other opportunities as appropriate.

* Conclude assessment of updated credit score models for
  underwriting, pricing, and investor disclosures, and, as
  appropriate, plan for implementation.

Finalize post-crisis loss mitigation activities:

  * Implement the post-crisis permanent modification for borrowers

    with long-term hardships and finalize related activities,
    including updates to the Uniform Borrower Assistance Form.

  * Develop other post-crisis loss mitigation options for
    borrowers, including solutions for borrowers with short-term
    hardships and guidelines for foreclosure alternatives such as
    short sale and deed-in-lieu.  Develop an implementation plan
    and timeline for these offerings.

Continue to responsibly reduce the number of severely-aged
delinquent loans and real estate owned properties:

  * Continue to implement strategies to responsibly reduce the
    number of severely-aged delinquent loans held by Freddie Mac
    with a focus on providing home retention options for borrowers

    when possible, including through non-performing loan sales.

  * Continue to responsibly reduce the number of real estate owned

    properties held by Freddie Mac, including through the
    Neighborhood Stabilization Initiative.

Assess the current mortgage servicing business model:

  * With the objective of ensuring ongoing liquidity in the
    mortgage servicing market and ensuring counterparty strength,
    initiate a multiyear assessment of both the challenges facing
    the mortgage servicing market and potential solutions for
    identified issues.

  * Work collaboratively with industry stakeholders and seek
    stakeholder feedback in assessing these challenges and
    potential solutions.

Explore opportunities to further support liquidity in multifamily
affordable housing:

  * Explore opportunities to further support liquidity in   
    multifamily affordable housing, including through pilots and
    initiatives.  Research and analysis are encouraged in the
    following areas: workforce housing, affordability in high-cost

    and very-high cost areas, targeted affordable housing, small
    multifamily properties, manufactured housing rental community
    blanket loans, senior housing, rural housing, energy
    efficiency, and other areas as identified by Freddie Mac.

Manage the dollar volume of new multifamily business to remain at
or below $36.5 billion for Freddie Mac:

  * Loans in affordable and underserved market segments, as
    defined in Appendix A, are to be excluded from the $36.5
    billion cap.

Reduce taxpayer risk through increasing the role of private capital
in the mortgage market. (30%)

Freddie Mac is to:

FHFA expects Freddie Mac to continue single-family and multifamily
credit risk transfers as core business practices.  FHFA will adjust
targets as necessary to reflect market conditions and economic
considerations.

Single-Family Credit Risk Transfers:

  * Transfer a meaningful portion of credit risk on at least 90
    percent of the unpaid principal balance (UPB) of newly
    acquired single-family mortgages in loan categories targeted
    for risk transfer.  For 2017, targeted single-family loan
    categories include: non-HARP and non-high LTV refinance,
    fixed-rate mortgages with terms greater than 20 years and loan

    to value ratios above 60 percent.

  * Continue efforts to evaluate and implement economically
    feasible ways to transfer credit risk on other types of newly
    acquired single-family mortgages that are not included in the
    targeted loan categories.

  * Identify, evaluate, and address significant issues from the
    2016 Request for Input on advancing Freddie Mac's and Fannie
    Mae's credit risk transfer programs, including through
    consideration of front-end credit risk transfers.

Multifamily Credit Risk Transfers:

  * Transfer a meaningful portion of credit risk on at least 80
    percent of the UPB of newly acquired multifamily mortgages.

  * Continue efforts to evaluate, and implement if economically
    feasible, further ways to transfer additional credit risk.

Retained Portfolio:

  * Execute FHFA-approved retained portfolio plans that meet, even

    under adverse conditions, the annual PSPA requirements and the

    $250 billion PSPA cap by Dec. 31, 2018.

  * Any sales should be commercially reasonable transactions that
    consider impacts to the market, borrowers, and neighborhood
    stability.

Private Mortgage Insurer Eligibility Requirements (PMIERs 2.0):

  * Evaluate existing PMIERs and whether changes or updates are
    appropriate.

Build a new single-family infrastructure for use by the Enterprises
and adaptable for use by other participants in the secondary market
in the future. (30%)

Freddie Mac and Fannie Mae (the "Enterprises") are to:

Common Securitization Platform and Single Security:

The Common Securitization Platform (CSP) and Single Security are
significant, multiyear initiatives, and FHFA expects these
inter-related projects to remain ongoing conservatorship
priorities. FHFA expects the Enterprises and Common Securitization
Solutions, LLC (CSS) to implement the Single Security on the CSP
for both Freddie Mac and Fannie Mae in 2018.

* Continue working with FHFA, each other, and CSS to: 1) build
   and test the CSP; 2) implement the changes necessary to
   integrate the Enterprises' related systems and operations with
   the CSP; and 3) implement the Single Security on the CSP for
   both Enterprises.

* Incorporate the following design principles in developing the
   CSP:

    * Focus on the functions necessary for current Enterprise
      single-family securitization activities.

    * Include the development of operational and system
      capabilities necessary for CSP to facilitate the issuance
      and administration of a Single Security for the Enterprises.

   * Allow for the integration of additional market participants
     in the future.

* Continue to work with each other and CSS to obtain and utilize
  input from the Single Security/CSP Industry Advisory Group.

Provide Active Support for Mortgage Data standardization
Initiatives:

  * Continue the development and implementation of the Uniform
    Closing Disclosure Dataset.

Appendix A: Multifamily Definitions

1. Market share target and quarterly review of market size

The 2017 Scorecard establishes a $36.5 billion cap on the
multifamily purchase volume of each Enterprise (the "capped
category").  Loans in affordable and underserved market segments
are excluded from the cap (the "excluded category").  FHFA will
review the Agency's estimates of the multifamily loan origination
market size on a quarterly basis.  If FHFA determines that the
actual 2017 market size is greater than was projected, it will
apply an appropriate increase to the capped category.  If FHFA
determines that the actual 2017 market size is smaller than was
projected, it will not reduce the capped category.

The following sections explain how FHFA will treat loans in the
affordable and underserved market segments.

2. Loans on targeted affordable housing properties

Targeted affordable housing loans are loans to properties
encumbered by a regulatory agreement or a recorded use restriction
under which all or a portion of the units are restricted for
occupancy by tenants with limited incomes and which may restrict
the rents that can be charged for those units.  FHFA will exclude a
proportionate amount of the loan for properties in the targeted
affordable category, depending on the percentage of units that are
restricted by a regulatory agreement or recorded use restriction.
FHFA will exclude from the cap 50 percent of the loan amount if the
percentage of restricted units is less than 50 percent of the total
units in a project, and will exclude 100 percent of the loan amount
if the percentage of restricted units is equal to or more than 50
percent.

The following are examples of loans on targeted affordable housing
properties that FHFA will exclude from the capped category:

   * Loans on properties subsidized by the Low Income Housing Tax
     Credit program, which limits tenant incomes at 60 percent of
     area median income (AMI) or below;

   * Loans on properties developed under state or local
     inclusionary zoning, real estate tax abatement, loan or
     similar programs, where the property owner has agreed to: a)
     restrict a portion of the units for occupancy by tenants with

     limited incomes in accordance with the requirements of the
     state or local program and restrict the rents that can be
     charged for those units at rents affordable to those tenants;

     and b) enforce these restrictions through a regulatory
     agreement or recorded use restriction; and

   * Loans on properties covered by a Section 8 Housing Assistance

     Payment contract where the contract limits tenant incomes to
     80 percent of AMI or below.  FHFA will not consider a unit
     that is occupied by a Section 8 certificate or voucher holder

     as a targeted affordable housing unit unless there is also a
     contract or a regulatory agreement or a recorded use
     restriction.

On a case-by-case basis, FHFA will consider Enterprise requests to
exclude other loans from the capped category that meet affordable
housing and mission goals but do not meet the exact definition of
targeted affordable housing.

3. Loans on other affordable units

FHFA will exclude from the capped category units whose rents are
affordable to tenants at various income thresholds but that are not
subject to a regulatory agreement or recorded use restriction. FHFA
will exclude the pro rata portion of the loan amount based on the
percentage of units with affordable, unsubsidized/market rents, as
described below.

   a. Loans on affordable units in standard markets

Standard markets are those that are not located in rural areas or
in designated high cost or very high cost markets.  For properties
located in these markets, the income threshold for affordability is
60 percent of AMI or below.

   b. Loans on affordable units in high cost or very high cost
markets

In high cost markets as designated by FHFA, the income threshold
for affordability is 80 percent of AMI or below. In very high cost
markets as designated by FHFA, the income threshold for
affordability is 100 percent of AMI or below.

   4. Loans on properties located in rural areas

Rural areas are those areas as designated in the Duty to Serve
rule.  FHFA will exclude the pro rata portion of the loan amount
based on the percentage of units affordable at 80 percent of AMI or
below.  Very high cost market adjustments are not available.

   5. Loans on small multifamily properties

Small multifamily properties are properties that have 5 to 50
units.  FHFA will exclude the pro rata portion of the loan amount
based on the percentage of units affordable at 80 percent of AMI or
below in standard and high cost markets, and 100 percent of AMI or
below in very high cost markets.

   6. Manufactured housing rental community blanket loans

Loans to manufactured housing rental communities are blanket loans
secured by the land and the rental pads.  FHFA will exclude the
full loan amount of a manufactured housing rental community blanket
loan.

   7. Loans on seniors housing assisted living properties

For loans on seniors housing assisted living properties, FHFA will
exclude the pro rata portion of the loan amount based on the
percentage of units affordable at 80 percent of AMI or below.  Very
high cost market adjustments are not available.

   8. Loans to finance energy or water efficiency improvements

Loans to finance energy or water efficiency improvements are loans
funded by the Enterprises under their own specialized financing
programs for this purpose.  The full loan amount under the Fannie
Mae Green Rewards and Freddie Mac Green Up and Green Up Plus loan
programs will be excluded from the cap.  For loans funded under the
Fannie Mae Green Building Certification program, and the Freddie
Mac Green Certified program, exclude 50 percent of the loan amount
if at least 20 percent but less than 50 percent of the unit rents
are affordable by applying the income limits in Section 3 and
exclude 100 percent of the loan amount if the percentage of
affordable units is equal to or more than 50 percent.

   9. Other Scorecard requirements

For purposes of reporting on loan and commitment activity under the
2017 Scorecard, the Enterprises must: a) use the definitions for
determining unit affordability of seniors housing assisted living
units, coop units and shared living arrangements, including student
housing, that are included in the August 2015 housing goals
regulation; b) use affordability data as of the loan acquisition
date; c) report monthly to FHFA on their acquisition and commitment
volumes using a reporting format that aligns with the Scorecard
categories; and d) report quarterly on their acquisition volumes
under the capped category and under the affordable and underserved
excluded category in a public disclosure using a reporting format
to be determined by FHFA.

                About Fannie Mae and Freddie Mac

Federal National Mortgage Association (OTCQB: FNMA), commonly
known as Fannie Mae -- http://www.FannieMae.com/-- is a
government-sponsored enterprise (GSE) that was chartered by U.S.
Congress in 1938 to support liquidity, stability and affordability
in the secondary mortgage market, where existing mortgage-related
assets are purchased and sold.

A brother organization of Fannie Mae is the Federal Home Loan
Mortgage Corporation (FHLMC), better known as Freddie Mac.
Freddie Mac (OTCBB: FMCC) -- http://www.FreddieMac.com/-- was
established by Congress in 1970 to provide liquidity, stability and
affordability to the nation's residential mortgage markets.
Freddie Mac supports communities across the nation by providing
mortgage capital to lenders.

During the time of the subprime mortgage crisis, on Sept. 6, 2008,
Fannie Mae and Freddie Mac were placed into conservatorship by the
U.S. Treasury.  The Treasury committed to invest up to $200
billion in preferred stock and extend credit through 2009 to keep
the GSEs solvent and operating.  Both GSEs are still operating
under the conservatorship of the Federal Housing Finance Agency
(FHFA).

In exchange for future support and capital investments of up to
$100 billion in each GSE, each GSE agreed to issue to the Treasury
(i) $1 billion of senior preferred stock, with a 10% coupon,
without cost to the Treasury and (ii) common stock warrants
representing an ownership stake of 79.9%, at an exercise price of
one-thousandth of a U.S. cent ($0.00001) per share, and with a
warrant duration of 20 years.

                       Financial Results

As of Sept. 30, 2016, Fannie Mae had $3.25 trillion in total
assets, $3.25 trillion in total liabilities and $4.17 billion in
total equity.

As of Sept. 30, 2016, Freddie Mac had $2.015 trillion in total
assets, $2.011 trillion in total liabilities and $3.510 billion in
total equity.

For the nine months ended Sept. 30, 2016, Fannie Mae reported net
income of $7.27 billion on $79.88 billion of total interest income
compared with net income of $8.48 billion on $82.07 billion of
total interest income for the nine months ended Sept. 30, 2015.

For the nine months ended Sept. 30, 2016, Freddie Mac reported net
income of $2.968 billion on $49.16 billion of total interest
income compared with net income of $4.218 billion on $50.21 billion
of total interest income for the nine months ended
Sept. 30, 2015.


GABEL LEASE: Committee Taps Stumbo Hanson as Legal Counsel
----------------------------------------------------------
The official committee of unsecured creditors of Gabel Lease
Service, Inc. seeks approval from the U.S. Bankruptcy Court for the
District of Kansas to hire legal counsel.

The committee proposes to hire Stumbo Hanson, LLP to give legal
advice regarding its duties under the Bankruptcy Code, negotiate
with the Debtor, investigate the Debtor's assets and pre-bankruptcy
conduct, give advice regarding the sale of any assets, and provide
other legal services.

The rates charged by the firm for its attorneys range from $150 to
$225 per hour.

Tom Barnes II, Esq., disclosed in a court filing that his firm does
not hold or represent any interest adverse to the committee or any
creditor of the Debtor's bankruptcy estate.

The firm can be reached through:

     Tom R. Barnes II, Esq.
     Stumbo Hanson, LLP
     2887 SW MacVicar Avenue
     Tel: (785) 267-3410
     Fax: (785) 267-9516
     Email: tom@stumbolaw.com

                   About Gabel Lease Service

Gabel Lease Service, Inc., operates as a roustabout company in and
around Ness City, Kansas.  GLS also sells pumping units to
customers. Due to the current economic climate, GLS's business
suffered a significant decrease in cash flow.  The drop in
oil-and-gas prices has decreased the frequency in which GLS
provides roustabout services to customers and decreased the number
of customers willing to purchase pumping units from GLS.

Early 2016, Larson Engineering, Inc., d/b/a Larson Operating Co.,
filed suit against GLS in Ness County District Court, alleging that
it purchased 28 Gabel pumping units in 2008 and 2009 from GLS and
took delivery of only 5 pumping unit over a 5-year period.

Eventually, on Dec. 7, 2015, Larson claims it demanded the
delivery of the remaining units and filed suit when GLS failed to
do so. Facing the Larson Suit and other cash-flow problems, Gabel
Lease Service filed a Chapter 11 petition (Bankr. D. Kan. 16-11948)
on Oct. 5, 2016.  The case is assigned to Judge Robert E. Nugent.
The petition was signed by Brian Gabel, president.  The Debtor is
represented by Nicholas R. Grillot, Esq., at Hinkle Law Firm, LLC.

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


GARLOCK SEALING: Obtains Asbestos Claimant Votes for Joint Plan
---------------------------------------------------------------
EnPro Industries, Inc. on Dec. 19, 2016, reported that its
subsidiaries, Garlock Sealing Technologies LLC ("GST") and Coltec
Industries Inc ("Coltec"), have obtained the asbestos claimant
votes necessary for approval of the consensual joint plan of
reorganization to resolve all current and future asbestos claims.
The joint plan of reorganization was filed in GST's asbestos claims
resolution process under Chapter 11 of the Bankruptcy Code pending
in the U.S. Bankruptcy Court for the Western District of North
Carolina (the "Bankruptcy Court").

The solicitation process for this approval was completed on Dec. 9,
2016.  The joint plan of reorganization requires approval by a vote
of asbestos claimants by 75% or more in number and at least
two-thirds (2/3) in dollar amount that were actually voted.  The
balloting agent tabulating the votes of asbestos claimants on Dec.
19 filed a declaration with the Bankruptcy Court certifying that
the percentages cast in favor of the joint plan significantly
exceeded each of these thresholds.  The balloting agent has
certified that, of the votes cast, 95.85% in number and 95.80% in
amount were in favor of approval of the joint plan.

The restructuring of Coltec, to facilitate the implementation of
the settlement reflected in the joint plan and which was contingent
upon approval of the joint plan by asbestos claimants, remains on
target to be completed by year end.  As contemplated by the joint
plan, the restructured Coltec (referred to as "OldCo"), which will
retain responsibility for all asbestos claims against Coltec and
rights to certain insurance assets, intends to file a pre-packaged
Chapter 11 bankruptcy petition at the end of January 2017.  EnPro
anticipates that Coltec's bankruptcy case will be administered with
GST's pending Chapter 11 proceedings.

The deadline for filing objections to the joint plan in GST's
pending Chapter 11 proceeding was December 9, 2016.  While no
asbestos claimant or creditor filed any objection to the joint
plan, objections were filed by the appointed bankruptcy
administrator and by three insurers.  The technical objection filed
by the bankruptcy administrator, which is a non-judicial, federal
appointee that is involved in cases from a perspective independent
of an interested party, concerns the scope of the joint plan's
"exculpatory" provisions that would extend limited protection to
the debtors in the case, their affiliates, committees appointed in
the case, the future claimants' representative and their respective
professional advisors from liability for ancillary claims related
to their actions or failure to act in connection with the case.
The objections of the three insurers primarily concern the impact
of the joint plan on insurance policies and related contracts to
which they are parties.  The deadline for the filing of objections
to the joint plan in OldCo's anticipated Chapter 11 proceeding is
expected to be March 24, 2017.  The hearing on objections to the
joint plan and to determine whether the Bankruptcy Court will
confirm the joint plan will commence on May 15, 2017.

Steve Macadam, EnPro's President and Chief Executive Officer, said,
"This vote is an important milestone in our effort to permanently
resolve these asbestos claims.  Although objections have been filed
by the bankruptcy administrator and several insurers, we believe
these objections, which we generally anticipated, will not
materially delay approval of the joint plan of reorganization or
require any material changes to the plan. Accordingly, we continue
to anticipate receiving all necessary court approvals for
confirmation of the plan, with the target that GST and OldCo will
emerge from bankruptcy during the third quarter of 2017."

The joint plan of reorganization was proposed pursuant to a
comprehensive settlement, announced on March 17, 2016, with the
court-appointed committee representing current asbestos claimants
and the court-appointed legal representative of future asbestos
claimants in GST's asbestos claims resolution process pending in
the Bankruptcy Court, as well as with ad-hoc representatives for
current and future asbestos claimants against Coltec.  In addition
to the approval of asbestos claimants, the joint plan is subject to
approval by the Bankruptcy Court and the U.S. District Court for
the Western District of North Carolina (the "District Court") and,
if so approved and consummated, would permanently resolve all
current and future asbestos claims against GST and Coltec and would
protect all of EnPro and its subsidiaries from those claims, under
Section 524(g) of the U.S. Bankruptcy Code.

                     About Garlock Sealing

Headquartered in Palmyra, New York, Garlock Sealing Technologies
LLC is a unit of EnPro Industries, Inc. (NYSE: NPO).  For more than
a century, Garlock has been helping customers efficiently seal the
toughest process fluids in the most demanding applications.

On June 5, 2010, Garlock filed a voluntary Chapter 11 petition
(Bankr. W.D.N.C. Case No. 10-31607) in Charlotte, North Carolina,
to establish a trust to resolve all current and future asbestos
claims against Garlock under Section 524(g) of the U.S. Bankruptcy
Code.  The Debtor estimated $500 million to $1 billion in assets
and up to $500 million in debts as of the Petition Date.

Affiliates The Anchor Packing Company and Garrison Litigation
Management Group, Ltd., also filed for bankruptcy.

Albert F. Durham, Esq., at Rayburn Cooper & Durham, P.A.,
represents the Debtor in their Chapter 11 effort.  Garland S.
Cassada, Esq., at Robinson Bradshaw & Hinson, serves as counsel for
asbestos matters.

The Official Committee of Asbestos Personal Injury Claimants in the
Chapter 11 cases is represented by Travis W. Moon, Esq., at
Hamilton Moon Stephens Steele & Martin, PLLC, in Charlotte, NC,
Elihu Inselbuch, Esq., at Caplin & Drysdale, Chartered, in New
York, and Trevor W. Swett III, Esq., Leslie M. Kelleher, Esq., and
Jeanna Rickards Koski, Esq., in Washington, D.C. 20005.

Joseph W. Grier, III, the Court-appointed legal representative for
future asbestos claimants, has retained A. Cotten Wright, Esq., at
Grier Furr & Crisp, PA, and Richard H. Wyron, Esq., and Jonathan
P. Guy, Esq., at Orrick, Herrington & Sutcliffe LLP, as his
co-counsel.

Judge George Hodges of the U.S. Bankruptcy Court for the Western
District of North Carolina on Jan. 10, 2014, entered an order
estimating the liability for present and future mesothelioma claims
against Garlock Sealing at $125 million, consistent with the
positions GST put forth at trial.

In January 2015, the Debtors filed their Second Amended Plan of
Reorganization, which is backed by the Future Asbestos Claimants'
Representative (FCR).  The confirmation hearing is slated to begin
June 20, 2016.

Under the schedule for confirmation proceedings ordered by the
Court, objections to confirmation of the Plan that do not depend on
the results of voting were due Oct. 6, 2015, and confirmation
objections that depend on such results are due on Dec. 18, 2015.


GEO GROUP: S&P Affirms 'BB-' CCR, Off CreditWatch Negative
----------------------------------------------------------
S&P Global Ratings affirmed its 'BB-' corporate credit rating on
Boca Raton, Fla.-based The GEO Group Inc., a private corrections,
detention, and community re-entry facility owner and operator.  The
outlook is stable.

At the same time, S&P affirmed its 'BB+' issue-level ratings on the
company's senior secured revolver and term loan with a recovery
rating of '1', indicating S&P's belief that lenders could expect
very high recovery (90%-100%) in the event of payment default.  S&P
raised its issue-level rating on the senior unsecured notes to
'BB-' from 'B+'.  The recovery rating is revised to '4', indicating
our belief that lenders could expect average recovery (30%-50%, on
the lower end of the range) in the event of payment default, from
'5'.

All ratings were removed from CreditWatch, where they were placed
with negative implications on Aug. 19, 2016.

"The ratings affirmation reflects our expectation that it is less
likely that the use of private prisons in the U.S. will materially
reduce in the near to medium term and that GEO, one of the largest
domestic players, will remain an important provider of prison space
for federal and state government agencies," said S&P Global Ratings
credit analyst Katherine Heng.  This is despite the DOJ's
announcement in August of its intention to reduce use of private
prisons and the BOP's decision to amend the Criminal Alien
Requirement XVI (CAR XVI). The BOP accounted for about 14% of GEO's
revenues in 2015.

"While we view CAR XVI as the biggest risk to GEO's profitability
in 2017, we note that the BOP renewed the contract for the D Ray
James prison in Georgia with GEO, albeit with a modest modification
to the facility's contracted capacity but at a higher per diem
rate, which essentially made it economically neutral," said Ms.
Heng.  "Though we believe declining BOP demand will remain a
headwind to industry growth, we view the contract renewal as an
indication of the BOP's ongoing need for private prison operators
to complement federally operated facilities.  Moreover, we believe
the potential fallout from lost BOP volumes, if any, will be offset
by continued growth with other agencies, particularly ICE."

The ratings on GEO continue to reflect S&P Global Ratings' view
that the company benefits from high barriers to entry in the
private corrections industry, including significant capital
spending to build and maintain detention facilities; specialized
knowledge and competence to win contracts and manage the
facilities; and a good market position in a highly regulated
industry.  S&P believes that GEO will maintain its market share
because of its ability to deliver higher operating efficiency than
public facilities and that there are budget constraints in
governmental agencies that restrict them from building new
facilities.

The ratings are constrained by the company's narrow focus in an
industry that has been under heightened criticism and is subject to
headline risks and long-term policy uncertainty.  Ongoing
government budget deficits and potential shifts in public policy
are also risks that could reduce the number of people imprisoned in
the U.S. and lead to slowly declining federal and state prison
populations across at least some states.  In addition, the company
will remain dependent on a concentrated base of customers from
various levels of the U.S. and state governments.  For example, the
BOP, ICE, and the U.S. Marshals Service (USMS) account for
approximately 45% of GEO's total revenue.  GEO benefits from some
revenue diversification, however, as its international business
represents approximately 14% of its total revenue.  Nevertheless,
S&P views the domestic customer concentration as a longer-term risk
due to the potential for future correctional policy changes that
could be implemented under a different administration.

S&P's stable outlook reflects its view that GEO will deliver steady
operating performance as increased demand from ICE offsets
potential volume losses from the BOP.  Furthermore, S&P believes it
is unlikely that the use of private prisons will materially
diminish in the near to medium term.  S&P expects GEO to generate
moderate top line and profit growth and generate consistent free
cash flow to modestly improve its credit ratios, including debt to
EBITDA in the mid- to high-4x area and FFO to debt in the mid-teens
area over the next year.  S&P believes, however, that the scope for
permanent debt reduction will remain limited, given the company's
high expected shareholder distributions resulting from its REIT
status.  As a result, any reduction in financial leverage is likely
to be the result of EBITDA growth.

S&P could lower its ratings if GEO's operating performance
significantly falls short of our forecast, likely the result of
contract losses with one of its federal or large state customers,
headline risk, occupancy rates falling dramatically, a dramatic
change of federal policies, or growing negative public sentiment
toward the private prison industry.  S&P could also lower its
ratings if the company's financial policy becomes more aggressive,
likely from debt-financed acquisitions or increased shareholder
distributions, resulting in debt to EBITDA sustained above 5x.  S&P
believes EBITDA would have to decline by about 5%, or debt would
have to increase by approximately $50 million, for leverage to
exceed 5x.

Although unlikely in the next year, S&P could raise its ratings if
GEO's operating performance significantly exceeds S&P's forecast,
likely through a stabilization of public policies supporting the
use of private prisons, major customer wins from new contracts
signed, or a more modest financial policy resulting in permanent
debt reduction and debt to EBITDA sustained below 4x.  S&P
estimates that EBITDA would have to increase approximately 20% or
debt would have to decrease by approximately $400 million for
leverage to decrease below 4x.


GRACIOUS HOME: Jan. 6 Meeting Set to Form Creditors' Panel
----------------------------------------------------------
William K. Harrington, Acting United States Trustee for Region 2,
will hold an organizational meeting on Jan. 6, 2016, at 11:00 a.m.
in the bankruptcy case of Gracious Home, LLC, et al.

The meeting will be held at:

               Office of the United States Trustee
               United States Bankruptcy Courthouse
               One Bowling Green, Room 511
               New York, NY 10004

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.

Gracious Home LLC and its affiliates filed for bankruptcy
protection (Bankr. S.D.N.Y., Case No. 16-13500) on December 14,
2016.  They are represented by Joseph J. DiPasquale, Esq. of Trenk,
Dipasquale, Della Ferra & Sodono, P.C.  The Debtors listed $10
million to $50 million in assets and liabilities as of the
bankruptcy filing.


GREAT BASIN: Holders OK Release of $2.7M from Restricted Accounts
-----------------------------------------------------------------
The holders of the senior secured convertible notes of Great Basin
Scientific, Inc. voluntarily removed restrictions on the Company's
use of an aggregate of approximately $2.7 million previously funded
to the Company and authorized the release of those funds from the
restricted accounts of the Company, as disclosed in a Form 8-K
report filed with the Securities and Exchange Commission.

                      About Great Basin

Great Basin Scientific is a molecular diagnostic testing company
focused on the development and commercialization of its patented,
molecular diagnostic platform designed to test for infectious
disease, especially hospital-acquired infections.  The Company
believes that small to medium sized hospital laboratories, those
under 400 beds, are in need of simpler and more affordable
molecular diagnostic testing methods.  The Company markets a system
that combines both affordability and ease-of-use, when compared to
other commercially available molecular testing methods, which the
Company believes will accelerate the adoption of molecular testing
in small to medium sized hospitals.  The Company's system includes
an analyzer, which it provides for its customers' use without
charge in the United States, and a diagnostic cartridge, which the
Company sells to its customers.

Great Basin reported a net loss of $57.9 million in 2015 following
a net loss of $21.7 million in 2014.

As of Sept. 30, 2016, Great Basin had $83.40 million in total
assets, $144.9 million in total liabilities, and a total
stockholders' deficit of $61.47 million.

Mantyla McReynolds, LLC, in Salt Lake City, Utah, issued a "going
concern" opinion in its report on the consolidated financial
statements for the year ended Dec. 31, 2015, citing that the
Company has incurred substantial losses from operations causing
negative working capital and negative operating cash flows.  These
issues raise substantial doubt about its ability to continue as a
going concern.


GREENEDEN US: S&P Raises Rating on $700MM Sr. Notes to 'CCC+'
-------------------------------------------------------------
S&P Global Ratings said that it has reviewed its recovery and
issue-level ratings for Greeneden US Holdings II LLC that were
labeled 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 S&P's issue-level rating on the
$700 million senior unsecured notes due in 2024 to 'CCC+' from
'CCC' based on a '5' recovery rating, up from '6'.  The '5'
recovery rating indicates S&P's expectation for modest recovery
(the lower end of the 10%-30% range) in the event of payment
default.  This rating action stems solely from the application of
S&P's revised recovery criteria and does not reflect any change in
its assessment of the corporate credit ratings for issuers of the
affected debt issues.

At the same time, S&P withdrew its issue ratings on the debt that
was repaid as part of the company's refinancing in November 2016.

RATINGS LIST

Greeneden U.S. Holdings II LLC
Corporate Credit Rating                     B-/Stable

Ratings Affirmed; Recovery Expectation Revised
                                           To                 From
Greeneden U.S. Holdings II LLC
Greeneden Lux 3 S.a.r.l
Genesys Telecommunications Laboratories Inc.
Senior Secured                             B-                 B-
  Recovery Rating                           3H                 3L

Ratings Upgraded; Recovery Rating Revised
                                           To                 From
Greeneden U.S. Holdings II LLC
Greeneden Lux 3 S.a.r.l
Genesys Telecommunications Laboratories Inc.
Senior Unsecured                           CCC+               CCC
  Recovery Rating                           5L                 6


GULFMARK OFFSHORE: Amends $50-Mil. Securities Purchase Agreement
----------------------------------------------------------------
GulfMark Offshore, Inc. entered into Amendment No. 1 to the
previously disclosed Securities Purchase Agreement, dated Nov. 23,
2016, with MFP Partners, L.P., and Franklin Mutual Advisers, LLC,
to issue and sell in a private placement 50,000 shares of Series A
Convertible Preferred Stock, par value $0.01 per share, for a cash
purchase price of $1,000.00 per share of Series A Preferred Stock,
or $50,000,000.

The Amendment effects certain changes in the Purchase Agreement to
reflect the amended terms of the Company's previously announced new
revolving credit facility and its previously announced new term
loan facility, including to (i) increase the size of the New
Revolving Credit Facility from $100 million to $115 million, (ii)
add an additional six month extension option to the New Revolving
Credit Facility, (iii) change the minimum liquidity covenants in
the New Revolving Credit Facility and the New Term Loan Facility to
reflect the increased commitments, (iv) defer the increase in the
interest rate margin under the New Revolving Credit Facility to the
twenty-four month anniversary of the closing thereof, and (v)
provide for fees in connection therewith.

A full-text copy of the Amendment No. 1 to Securities Purchase
Agreement is available for free at https://is.gd/B3tSXt

                        About Gulfmark
  
GulfMark Offshore, Inc., a Delaware corporation, was incorporated
in 1996.  The Company provides offshore marine support and
transportation services primarily to companies involved in the
offshore exploration and production of oil and natural gas.  The
Company's vessels transport materials, supplies and personnel to
offshore facilities, and also move and position drilling and
production facilities.  The majority of the Company's operations
are conducted in the North Sea, offshore Southeast Asia and
offshore the Americas.  The Company currently operates a fleet of
73 owned or managed offshore supply vessels, or OSVs, in the
following regions: 30 vessels in the North Sea, 13 vessels offshore
Southeast Asia, and 30 vessels offshore the Americas.  The
Company's fleet is one of the world's youngest, largest and most
geographically balanced, high specification OSV fleets.  The
Company's owned vessels have an average age of approximately nine
years.

Gulfmark reported a net loss of $215 million in 2015 following net
income of $62.4 million in 2014.  As of Sept. 30, 2016, GulfMark
had $1.10 billion in total assets, $583.9 million in total
liabilities and $518.3 million in total stockholders' equity.

                          *     *     *

In November 2016, S&P Global Ratings said that it lowered its
corporate credit rating on U.S.-based offshore service provider
GulfMark Offshore to 'CC' from 'CCC'.  The rating outlook is
negative.  "The downgrade follows GulfMark Offshore's announcement
that it has offered to purchase up to $300 million of its 6.375%
senior unsecured notes due 2022 at about 48% of par," said S&P
Global Ratings' credit analyst Kevin Kwok.

In February 2016, Moody's Investors Service downgraded GulfMark
Offshore's Corporate Family Rating to 'Caa3' from 'B3', Probability
of Default Rating (PDR) to 'Caa3-PD' from 'B3-PD', and senior
unsecured notes to 'Ca' from
'Caa1'.


GULFMARK OFFSHORE: Extends Tender Offer Until Dec. 29
-----------------------------------------------------
GulfMark Offshore, Inc., disclosed that it has amended the terms of
its tender offer to purchase for cash up to $300 million in
aggregate principal amount of its outstanding 6.375% Senior Notes
due 2022, as follows:

  * increased the total consideration payable in the tender offer
    to $520 per $1,000 principal amount of Notes; and

  * extended the expiration date of the tender offer from Dec. 21,
    2016, to Dec. 29, 2016, at 5:00 p.m., New York City time.

In addition, the Company and the proposed lenders have agreed to
amend the terms of its previously announced new revolving credit
facility, to increase the size of the New Revolving Credit Facility
from $100 million to $115 million and add a third six month
extension option allowing for maturity to be extended to June 2019.
The New Revolving Credit Facility will be entered into upon
consummation of the Tender Offer.

All other terms of the tender offer, as previously announced,
remain unchanged.  The tender offer is being made upon, and is
subject to, the terms and conditions set forth in the Offer to
Purchase, dated Nov. 23, 2016, and the related Letter of
Transmittal.

Holders of Notes that are validly tendered at any time prior to the
Expiration Date, whether before or after the early tender date on
Dec. 7, 2016, and accepted for purchase will receive the Total
Consideration, as increased.  Tendered Notes may no longer be
withdrawn. Holders who have previously tendered (and have not
validly withdrawn) their Notes do not need to re-tender their Notes
or take any other action in order to receive the Total
Consideration of $520 per $1,000 principal amount of Notes.  No
tenders submitted after the Expiration Date will be valid.

According to information provided by D.F. King & Co., Inc., the
information agent and tender agent for the tender offer, as of 5:00
p.m., New York City time, on Dec. 14, 2016, the Company had
received tenders from holders of $136,152,000 in aggregate
principal amount of the Notes, representing approximately 32% of
the total outstanding principal amount of the Notes.

The settlement date for Notes validly tendered prior to the
Expiration Date and accepted for purchase will occur promptly
following the Expiration Date and is expected to be Dec. 30, 2016.
GulfMark will pay accrued and unpaid interest from and including
the last interest payment date for the Notes (Sept. 15, 2016) up
to, but not including, the settlement date for Notes accepted for
purchase.

The tender offer is also conditioned upon the satisfaction or
waiver of the financing condition and certain other conditions set
forth in the Offer to Purchase.  Subject to applicable law,
GulfMark may also terminate the tender offer at any time before the
Expiration Date.

The Company has retained Miller Buckfire & Co., LLC, a subsidiary
of Stifel Financial, to serve as Dealer Manager for the Tender
Offer.  Questions regarding the Tender Offer may be directed to
Kevin Haggard at (212) 895-1883 or Chris Weyers at (212) 847-6480.
The information agent and tender agent is D.F. King & Co., Inc.
Copies of the Offer to Purchase, Letter of Transmittal and related
tender offer materials are available by contacting D.F. King & Co.,
Inc. at (800) 755-7250 (toll-free), (212) 269-5550 (banks and
brokers) or email GLF@dfking.com.

                         About Gulfmark
  
GulfMark Offshore, Inc., a Delaware corporation, was incorporated
in 1996.  The Company provides offshore marine support and
transportation services primarily to companies involved in the
offshore exploration and production of oil and natural gas.  The
Company's vessels transport materials, supplies and personnel to
offshore facilities, and also move and position drilling and
production facilities.  The majority of the Company's operations
are conducted in the North Sea, offshore Southeast Asia and
offshore the Americas.  The Company currently operates a fleet of
73 owned or managed offshore supply vessels, or OSVs, in the
following regions: 30 vessels in the North Sea, 13 vessels offshore
Southeast Asia, and 30 vessels offshore the Americas.  The
Company's fleet is one of the world's youngest, largest and most
geographically balanced, high specification OSV fleets.  The
Company's owned vessels have an average age of approximately nine
years.

Gulfmark reported a net loss of $215 million in 2015 following net
income of $62.4 million in 2014.  As of Sept. 30, 2016, GulfMark
had $1.10 billion in total assets, $583.9 million in total
liabilities and $518.3 million in total stockholders' equity.

                          *     *     *

In November 2016, S&P Global Ratings said that it lowered its
corporate credit rating on GulfMark Offshore to 'CC' from 'CCC'.
The rating outlook is negative.  "The downgrade follows GulfMark
Offshore's announcement that it has offered to purchase up to $300
million of its 6.375% senior unsecured notes due 2022 at about 48%
of par," said S&P
Global Ratings' credit analyst Kevin Kwok.

In February 2016, that Moody's Investors Service downgraded
GulfMark Offshore's Corporate Family Rating (CFR) to 'Caa3' from
'B3', Probability of Default Rating (PDR) to
'Caa3-PD' from 'B3-PD', and senior unsecured notes to 'Ca' from
'Caa1'.


GYMBOREE CORP: Bank Debt Trades at 40.60% Off
---------------------------------------------
Participations in a syndicated loan under Gymboree Corp. is a
borrower traded in the secondary market at 59.40
cents-on-the-dollar during the week ended Friday, December 9, 2016,
according to data compiled by LSTA/Thomson Reuters MTM Pricing.
This represents a decrease of 1.35 percentage points from the
previous week.  Gymboree Corp pays 350 basis points above LIBOR to
borrow under the $820 million facility. The bank loan matures on
Feb.23, 2018 and carries Moody's Caa3 rating and Standard & Poor's
CCC+ rating.  The loan is one of the biggest gainers and losers
among 247 widely quoted syndicated loans with five or more bids in
secondary trading for the week ended December 9.


HPI PLUMBING: Taps Leiderman Shelomith as Attorneys
---------------------------------------------------
HPI Plumbing, Inc. seeks authorization from the U.S. Bankruptcy
Court for the Southern District of Florida to employ Zach
Shelomith, Esq., Ido Alexander, Esq. and law firm of Leiderman
Shelomith Alexander + Somodevilla, PLLC as attorneys, nunc pro tunc
to November 18, 2016.

The Debtor requires Leiderman Shelomith to:

   (a) give advice to the Debtor with respect to its powers and
       duties as a 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, adversary

       proceedings, 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 negotiation with its creditors in
       the preparation of a plan.

Leiderman Shelomith will be paid at these hourly rates:

       Zach Shelomith            $425
       Ido Alexander             $325
       Professionals             $120-$425

Leiderman Shelomith will also be reimbursed for reasonable
out-of-pocket expenses incurred.

The Debtor also requests authority to pay Leiderman Shelomith a
post-petition retainer in the amount of $10,000.

Ido J. Alexander, partner of Leiderman Shelomith, 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.

Leiderman Shelomith can be reached at:

       Ido J. Alexander, Esq.
       LEIDERMAN SHELOMITH
       ALEXANDER + SOMODEVILLA, PLLC
       2 South Biscayne Blvd, Suite 2300
       Miami, FL 33131
       Tel: (305) 894-6163
       Fax: (305) 503-9447
       E-mail: ija@lsaslaw.com

                     About HPI Plumbing, Inc.

HPI Plumbing, Inc., filed a Chapter 11 bankruptcy petition (Bankr.
S.D.Fla. Case No. 16-21297) on August 16, 2016. The Hon. Paul G.
Hyman, Jr., presides over the case.  In its petition, the Debtor
estimated $500,000 to $1 million in assets and $1 million to $10
million in liabilities. The petition was signed by Glenroy Hessing,
president.

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 HPI Plumbing, Inc.


HUBERTO OCHOA: BNY Mellon's Claim To Be Reduced to $0
-----------------------------------------------------
Huberto Ochoa filed with the U.S. Bankruptcy Court for the District
of Nevada a disclosure statement referring to the Debtor's plan of
reorganization.

Class 2 - unsecured claim of the Bank of New York Mellon against
the Debtor's property at 421 Wilshire Boulevard, Las Vegas, Nevada
89110 is impaired under the Plan.  The Class 2 unsecured claim is
valued at $132,608.  Upon successful confirmation of the Plan, the
Class 2 unsecured claim will be reduced to $0.

Payments and distributions under the Plan will be funded by the
Debtor's investment property rents and the Debtor's wage income as
required.

The Debtor has been able to improve cash reserves since the filing
of his bankruptcy and also retain income which can be used to fund
the Plan.  

The Disclosure Statement is available at:

            http://bankrupt.com/misc/nvb16-10463-46.pdf

The Plan was filed by the Debtor's counsel:

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

Huberto Ochoa filed for Chapter 11 bankruptcy protection (Bankr. D.
Nev. Case No. 16-10463) on Feb. 2, 2016.  The Debtor filed for
bankruptcy to renegotiate the secured debt on the property locatd
at 421 Wilshire Boulevard, Las Vegas, Nevada 89110.


IHEARTCOMMUNICATIONS INC: Decides Not to Repay $57.1-Mil. Notes
---------------------------------------------------------------
iHeartMedia, Inc. announced a decision to not repay the $57.1
million of the 5.50% Senior Notes due Dec. 15, 2016, held by
affiliate Clear Channel Holdings, Inc., when the notes mature on
Dec. 15, 2016.  The decision, made by a Special Committee of
independent directors, is part of the Company's ongoing efforts to
proactively address its capital structure, while maximizing the
value of its assets.

While the $192.9 million of 2016 Legacy Notes held by other holders
will be paid in full at maturity, the $57.1 million balance held by
affiliate CCH will remain outstanding.  Because the 2016 Legacy
Notes owned by CCH will continue to remain outstanding, the Company
will continue to have at least $500 million of legacy notes
outstanding on Dec. 15, 2016, and will therefore not be obligated
to grant certain additional security interests in favor of certain
of its debtholders under a so-called "springing lien" set forth in
relevant debt agreements.

                    About iHeartCommunications

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

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

As of Sept. 30, 2016, IHeartcommunications had $12.82 billion in
total assets, $23.78 billion in total liabilities and a total
shareholders' deficit of $10.96 billion.

                       Bankruptcy Warning

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

                           *    *    *

iHeartCommunications carries a 'Caa2 Corp.' corporate family rating
from Moody's Investors Service.

As reported by the TCR on Dec. 15, 2016, Fitch Ratings has
downgraded iHeartCommunications, Inc.'s Long-Term Issuer Default
Rating (IDR) to 'CC' from 'CCC'.  The downgrade reflects the
increasing likelihood that iHeart will look to restructure its debt
within a year or two.


IHEARTCOMMUNICATIONS INC: Files Complaint vs. Indenture Trustees
----------------------------------------------------------------
IHeartcommunications, Inc., initiated an action on Dec. 12, 2016,
against the indenture trustees under the indentures governing the
Company's priority guarantee notes and Citibank, N.A. as
administrative agent under the Company's term loans, which is
styled as iHeartCommunications, Inc., f/k/a Clear Channel
Communications, Inc., et al. v. U.S. Bank National Association, et
al., and an action against the indenture trustee under the Legacy
Note Indenture, which is styled as iHeartCommunications, Inc.,
f/k/a Clear Channel Communications, Inc., et al. v. The Bank of New
York, n/k/a The Bank of New York Mellon Corporation, in the
District Court of Bexar County, Texas.  

The Company is seeking a declaration by the Texas Court that (i)
the $57.1 million of Senior Notes due 2016 held by CCH are
outstanding and will remain outstanding until they are canceled or
repaid, and (ii) the Company and the other plaintiffs will not be
obligated to grant the "springing lien" to certain holders of the
Company's debt and will not be obligated to do so unless and until
60 days after there is an additional repayment or cancellation of
legacy notes such that the amount of legacy notes outstanding falls
to $500 million or less.

                   About iHeartCommunications

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

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

As of Sept. 30, 2016, IHeartcommunications had $12.82 billion in
total assets, $23.78 billion in total liabilities and a total
shareholders' deficit of $10.96 billion.

                       Bankruptcy Warning

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

                           *    *    *

iHeartCommunications carries a 'Caa2 Corp.' corporate family rating
from Moody's Investors Service.

As reported by the TCR on Dec. 15, 2016, Fitch Ratings has
downgraded iHeartCommunications, Inc.'s Long-Term Issuer Default
Rating (IDR) to 'CC' from 'CCC'.  The downgrade reflects the
increasing likelihood that iHeart will look to restructure its debt
within a year or two.


IHEARTMEDIA INC: S&P Lowers CCR to 'SD' on Missed Debt Repayment
----------------------------------------------------------------
S&P Global Ratings said that it lowered its corporate credit rating
on San Antonio, Texas-based radio broadcaster and outdoor
advertising company iHeartMedia Inc. to 'SD' (selective default)
from 'CCC'.

At the same time, S&P lowered its issue-level rating on the
company's 5.5% senior unsecured notes due Dec. 15, 2016, to 'D'
from 'CC'.  The '6' recovery rating on the debt is unchanged.

"The downgrade follows iHeartMedia's announcement on Dec. 13, 2016,
that it has decided to not repay $57.1 million of
iHeartCommunications Inc.'s 5.5% senior unsecured notes maturing
Dec. 15, 2016," said S&P Global Ratings' credit analyst Jeanne
Shoesmith.  "That portion of the notes is held by Clear Channel
Holdings Inc., a subsidiary of iHeartCommunications.  Despite our
expectation that, for now, Clear Channel will not pursue remedies
related to the nonpayment, we view the nonpayment as a default,
based on our criteria." iHeartMedia is also asserting that the
unpaid portion of the notes will remain outstanding, which would
delay the springing lien that would grant additional security
interests to certain lenders, including iHeartCommunications'
priority guarantee noteholders.

S&P believes the company's decision to not repay a portion of the
notes was strategically taken and doesn't result from insufficient
liquidity.  It appears that the nonpayment is part of
iHeartCommunications' larger plan to restructure its obligations,
likely through a subpar debt exchange, where the company's
debtholders would receive less than the originally promised value.
The company's leverage is extremely high at 9x, and S&P believes
the current capital structure in unsustainable.  S&P expects to
raise its corporate credit rating on iHeartMedia to no higher than
'CCC' in the coming days.  A 'CCC' rating would be based on S&P's
expectation that the company will seek to restructure its debt
during the next 12 months.


INTERTAIN GROUP: Moody's Affirms B2 Corporate Family Rating
-----------------------------------------------------------
Moody's Investors Service affirmed The Intertain Group Limited's B2
corporate family rating (CFR), B2-PD probability of default rating,
and SGL-2 speculative grade liquidity rating. Moody's also
downgraded the ratings on the company's first lien revolver and
term loan to B1 from Ba3, assigned B1 ratings to the proposed EUR20
million and GBP53 million first lien term loans, and affirmed the
Caa1 rating on the GBP90 million second lien term loan (downsized
from GBP160 million). The ratings outlook remains stable.

Net proceeds from the first and second lien term loans, together
with a gain from a cross-currency swap, will be used to prepay a
portion of an earn-out (about CAD250 million), with the balance set
aside to be used against future earn-out payments.

"The first lien rating was downgraded because Intertain has changed
its financing mix by decreasing the size of the second lien debt
being issued and increasing first lien debt by the same amount,
thereby reducing the loss absorption cushion provided by the second
lien" said Peter Adu, Moody's analyst.

Ratings Affirmed:

Corporate Family Rating, B2

Probability of Default Rating, B2-PD

GBP90 million second lien term loan (downsized from GBP160 million)
due December 2022, Caa1 (LGD5)

Speculative Grade Liquidity, SGL-2

Ratings Downgraded:

US$17.5 million First Lien Revolver due April 2020, to B1 (LGD3)
from Ba3 (LGD2)

US$278 million First Lien Term Loan B due April 2022, to B1 (LGD3)
from Ba3 (LGD2)

Ratings Assigned:

New EUR20 million first lien term loan due April 2022, B1 (LGD3)

New GBP53 million first lien term loan due April 2022, B1 (LGD3)

Outlook:

Remains Stable

RATINGS RATIONALE

Intertain's B2 CFR is primarily driven by its limited operating
track record in the online gaming industry, acquisition growth
orientation, high business risk, small scale and limited product
and geographic diversity (mostly online bingo in the UK). These
factors are mitigated by its moderate leverage (pro forma adjusted
Debt/EBITDA) of 3.3x (4.4x including remaining earn-out payments),
good free cash flow generation, concentration of operations in
regulated markets and good industry growth prospects.

Moody's considers Intertain's liquidity to be good (SGL-2). This is
supported by cash of CAD104 million at Q3/2016 (including CAD37
million reserved for earn-out payments), Moody's expectation of
positive free cash flow of about CAD100 million for the next 4
quarters, full availability under its US$17.5 million revolving
credit facility that matures in April 2020, and about CAD60 million
of proceeds from early termination of a currency swap. These
sources are more than sufficient to cover annual term loan
amortizations of about CAD43 million and CAD153 million of earn-out
payments due in June 2017. Intertain will be subject to a springing
maximum leverage covenant which Moody's does not expect it to be
triggered in the next 4 quarters. Intertain has limited ability to
generate liquidity from asset sales as its assets are encumbered.

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

The rating could be upgraded if Intertain demonstrates a longer
track record of managing its operations, while sustaining adjusted
Debt/EBITDA below 4x (pro forma 3.3x) and EBIT/Interest above 4x
(pro forma 2.1x). The rating could be downgraded if adjusted
Debt/EBITDA is sustained above 5x and EBIT/Interest below 2x. A
material deterioration in liquidity would also cause a downgrade.

The principal methodology used in these ratings was "Global Gaming
Industry" published in June 2014. Please see the Rating
Methodologies page on www.moodys.com for a copy of this
methodology.

The Intertain Group Limited, headquartered in Toronto, is an online
gaming holding company that provides bingo, casino and other games
to a global consumer base, with a focus on online UK bingo. Revenue
for the twelve months ended September 30, 2016 was about CAD498
million. The company holds gambling licenses in Malta, Gibraltar,
the UK and Spain.


ISLE OF CAPRI: S&P Lowers Rating on 5.875% Unsec. Notes to BB-
--------------------------------------------------------------
S&P Global Ratings said that it has reviewed its recovery and
issue-level ratings for Isle of Capri Casinos 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 lowering S&P's issue-level
rating on Isle's 5.875% senior unsecured notes due 2021 to 'BB-',
from 'BB'.  S&P also revised the recovery rating on this debt to
'2' from '1'.

Although S&P's recovery analysis still suggests full recovery on
this debt, its revised criteria includes a new cap on recovery
ratings of '2' for most unsecured debt issued by companies with a
corporate credit rating of 'B+' or lower.  This cap is intended to
capture the still meaningful risk that companies may change their
capital structure prior to default in ways that could impair
unsecured recovery prospects. The '2' recovery rating indicates
S&P's expectation for substantial (70%-90% range) recovery in the
event of payment default. Our valuation at emergence is largely
unchanged.

These ratings 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 rating or overall performance of
the company.

Isle's 8.875% subordinated notes remain at 'B' with a recovery
rating of '5', indicating S&P's expectation for modest (10%-30%;
upper half of range) recovery in a simulated payment default
scenario.  

RATINGS LIST

Isle of Capri Casinos Inc.
Corporate Credit Rating    B+/Stable/--

Issue-Level And Recovery Ratings Lowered

                           To             From
Isle of Capri Casinos Inc.
Senior Unsecured          BB-            BB
   Recovery Rating         2              1

Ratings Affirmed

Isle of Capri Casinos Inc.
Subordinated              B
   Recovery Rating         5


KEENEY TRUCK: Case Summary & 20 Largest Unsecured Creditors
-----------------------------------------------------------
Debtor: Keeney Truck Lines, Inc.
        3500 Fruitland Ave.
        Maywood, CA 90270

Case No.: 16-26393

Chapter 11 Petition Date: December 14, 2016

Court: United States Bankruptcy Court
       Central District of California (Los Angeles)

Judge: Hon. Sandra R. Klein

Debtor's Counsel: William P Fennell, Esq.
                  LAW OFFICE OF WILLIAM P. FENNELL, APLC
                  401 West A Street, Suite 1800
                  San Diego, CA 92101
                  Tel: 619-325-1560
                  Fax: 619-325-1558
                  E-mail: william.fennell@fennelllaw.com
                         office@fennelllaw.com

Total Assets: $3.30 million

Total Liabilities: $1.68 million

The petition was signed by Dan Hubbard, president/CEO.

A list of the Debtor's 20 largest unsecured creditors is available
for free at:

           http://bankrupt.com/misc/cacb16-26393.pdf


KEY ENERGY: Seeks to Hire Deloitte as Tax Services Provider
-----------------------------------------------------------
Key Energy Services, Inc. seeks approval from the U.S. Bankruptcy
Court for the District of Delaware to hire Deloitte Tax LLP.

The firm will provide tax advisory and consulting services to Key
Energy and its affiliates.  These services include advising the
Debtors on potential tax consequences surrounding the restructuring
of their debt, and analyzing the application of Internal Revenue
Code section 382 limitation to their net operating losses generated
during the tax year ended Dec. 31, 2015.

The hourly rates charged by the firm for restructuring-related tax
services are:

     Partner/Principal/Managing     $770
       Director
     Senior Manager                 $686
     Manager                        $581
     Senior Consultant              $483
     Consultant                     $385
     Analyst/Associate              $364

Robert Hawkins, a partner at Deloitte Tax, disclosed in a court
filing that his firm is a "disinterested person" as defined in
section 101(14) of the Bankruptcy Code.

The firm can be reached through:

     Robert A. Hawkins
     Deloitte Tax LLP
     1111 Bagby Street, Suite 4500
     Houston, TX 77002

                        About Key Energy

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

Each of Misr Key Energy Investments, LLC, Key Energy Services,
Inc., Key Energy Services, LLC, and Misr Key Energy Services, LLC,
filed a voluntary petition under Chapter 11 of the Bankruptcy Code
(Bankr. D. Del. Lead Case No. 16-12306) on Oct. 24, 2016.  Key's
other domestic and foreign subsidiaries are not part of the
bankruptcy filing.

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

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

                          *     *     *

Key Energy filed for Chapter 11 pursuant to the terms of a plan
support agreement among Key, Platinum Equity and certain other
holders of its 6.75% Senior Notes due 2021, collectively holding
more than 89% of its outstanding Senior Notes, and certain lenders
holding more than 87% of the principal amount of loans outstanding
under Key's Term Loan Credit Agreement dated June 1, 2015.  The PSA
contemplates the reorganization of the Debtors pursuant to a
prepackaged plan of reorganization.  Key previously commenced a
solicitation for acceptance of the Plan, which was accepted by
voting holders of 99.89% in principal amount and 93.88% in number
of Key's Senior Notes and voting holders of 100% in principal
amount and 100% in number of loans under the Term Loan,
constituting the requisite number of voting holders of the Senior
Notes and term loans.  Platinum Equity, a Los Angeles-based global
investment firm with a unique focus on operations and extensive
experience helping businesses in transition, as holder of a
majority of the Company's Senior Notes, will become Key's largest
shareholder upon consummation of the Plan.

The Plan contemplates that funded debt will be reduced from roughly
$1 billion to approximately $250 million.

Under the Joint Plan, Class 6 General Unsecured Claims are
unimpaired and will recover 100%.

The Debtors won confirmation of their bankruptcy-exit plan on Dec.
6.


KEY ENERGY: Taps Deloitte FAS to Provide Accounting Services
------------------------------------------------------------
Key Energy Services, Inc. seeks approval from the U.S. Bankruptcy
Court for the District of Delaware to hire Deloitte Financial
Advisory Services LLP.

The firm will provide fresh-start accounting and related services
to Key Energy and its affiliates in connection with their emergence
from Chapter 11 protection.  These services include:

     (a) Planning for the Debtors' determination of and
         substantiation of the fresh-start balance sheet under
         Accounting Standards Codification 852, Reorganizations:

         (i) assisting management in its development of an
             implementation approach for fresh-start accounting,
             starting with training and support and culminating in

             a strategy and work plan for the project;

        (ii) advising and providing recommendations to management
             in connection with its determination of plan of
             reorganization adjustments necessary to record the
             impact of the plan to the books of entry of the
             appropriate legal entities; and

       (iii) assisting management in its determination of asset
             and liability fair values and other fresh-start
             adjustments as necessary to comply with the
             accounting and reporting requirements of ASC 852.

     (b) Other related advice and assistance with accounting and
         financial reporting:

         (i) advising management as it prepares accounting
             information and disclosures in support of public or
             private financial filings such as 10-Ks or 10-Qs or
             lender statements;

        (ii) assisting management with other valuation matters as
             it deems necessary for financial reporting
             disclosures;

       (iii) advising management as it evaluates existing internal

             controls or develops new controls for fresh-start
             accounting implementation; and

        (iv) assisting management with its responses to questions
             or other requests from the Debtors' external auditors

             regarding bankruptcy accounting and reporting
             matters.

     (c) Application support, including assisting management in
         its preparation and implementation of the accounting
         treatments and systems updates for its fresh-start
         accounting implementation.

     (d) Valuation services:

         (i) assisting management with its identification of
             tangible and intangible assets as well as liabilities

             to be revalued at their fair value for fresh-start
             accounting purposes;

        (ii) analyzing fair value estimates or other valuations
             performed by others, if any, and assisting management

             in identifying additional efforts related to these
             estimates;

       (iii) assisting management with its estimates of the fair
             value of specific assets and liabilities, or the  
             identification of new intangibles;

        (iv) advising management as it assigns assets, including
             goodwill and liabilities to reporting units;

         (v) assisting management to aggregate values at the
             reporting unit level; and

        (vi) coordinating valuation information for auditor
             review and advising management as it addresses
             company-specific issues surrounding value allocation
             to specific assets, legal entities, cost centers,
             operating segments or reporting units.

The hourly rates charged by the firm for accounting services are:

     Partner/Principal/Managing      $675 – $795
        Director
     Senior Manager/ Senior VP       $550 – $650
     Manager/Vice-President          $450 – $525
     Senior Associate                $375 – $425
     Associate                       $250 – $350

For valuation services, Deloitte FAS will charge these rates:

     Partner/Principal/Managing Director     $488
     Senior Manager                          $425
     Manager                                 $393
     Senior Associate                        $340
     Associate                               $258

Anthony Sasso, managing director of Deloitte FAS disclosed in a
court filing that the firm is a "disinterested person" as defined
in section 101(14) of the Bankruptcy Code.

The firm can be reached through:

     Anthony Sasso
     Deloitte Financial Advisory Services LLP
     100 Kimball Drive
     Parsippany, NJ 07054
     Phone: +1 973-602-6000
     Fax: +1 973- 602-5050

                        About Key Energy
                        About Key Energy

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

Each of Misr Key Energy Investments, LLC, Key Energy Services,
Inc., Key Energy Services, LLC, and Misr Key Energy Services, LLC,
filed a voluntary petition under Chapter 11 of the Bankruptcy Code
(Bankr. D. Del. Lead Case No. 16-12306) on Oct. 24, 2016.  Key's
other domestic and foreign subsidiaries are not part of the
bankruptcy filing.

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

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

                          *     *     *

Key Energy filed for Chapter 11 pursuant to the terms of a plan
support agreement among Key, Platinum Equity and certain other
holders of its 6.75% Senior Notes due 2021, collectively holding
more than 89% of its outstanding Senior Notes, and certain lenders
holding more than 87% of the principal amount of loans outstanding
under Key's Term Loan Credit Agreement dated June 1, 2015.  The PSA
contemplates the reorganization of the Debtors pursuant to a
prepackaged plan of reorganization.  Key previously commenced a
solicitation for acceptance of the Plan, which was accepted by
voting holders of 99.89% in principal amount and 93.88% in number
of Key's Senior Notes and voting holders of 100% in principal
amount and 100% in number of loans under the Term Loan,
constituting the requisite number of voting holders of the Senior
Notes and term loans.  Platinum Equity, a Los Angeles-based global
investment firm with a unique focus on operations and extensive
experience helping businesses in transition, as holder of a
majority of the Company's Senior Notes, will become Key's largest
shareholder upon consummation of the Plan.

The Plan contemplates that funded debt will be reduced from roughly
$1 billion to approximately $250 million.

Under the Joint Plan, Class 6 General Unsecured Claims are
unimpaired and will recover 100%.

The Debtors won confirmation of their bankruptcy-exit plan on Dec.
6.


KSM INTERNATIONAL: Seeks to Hire Brock and Company as Accountant
----------------------------------------------------------------
KSM International, LLC seeks approval from the U.S. Bankruptcy
Court for the District of Colorado to hire an accountant.

The Debtor proposes to hire Brock and Company CPAs, PC to prepare
its tax returns and provide other accounting services related to
its Chapter 11 case.  

The rate charged by the firm's partners is $305 per hour.
Meanwhile, staff accountants charge an hourly rate of $150.

The firm has agreed to prepare the tax returns of KSM owner and
manager Kristin Morelli for a flat rate of $3,000, of which about
$500 is attributed to the preparation of schedules for the company.


Craig Chaney, a certified public accountant employed with Brock and
Company, disclosed in a court filing that the firm is
"disinterested" as defined in section 101(14) of the Bankruptcy
Code.

Brock and Company can be reached through:

     Craig Chaney
     Brock and Company CPAs, PC
     900 South Main Street, Suite 200
     Longmont, CO 80501
     Phone: 303-776-2160
     Email: bev@brockcpas.com

                     About KSM International

KSM International, LLC sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. D. Colo. Case No. 16-20499) on October 25,
2016.  The petition was signed by Kristin Morelli, manager.  

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


LA4EVER LLC: Hires Halloran & Sage as Special Counsel
-----------------------------------------------------
LA4Ever, LLC, et al., seek authority from the U.S. Bankruptcy Court
for the District of Connecticut to employ Halloran & Sage LLP as
special counsel to the Debtor.

LA4Ever, LLC requires Halloran & Sage to close the refinance of the
Debtors' properties, known as 325-327 St. John Street, New Haven,
owned by Debtor LA4Ever, LLC, and 23 Brown Street, New Haven, owned
by Debtor LLCD, LLC.

Halloran & Sage will be paid at these hourly rates:

     Michael Leone                $325
     Brian Enright                $325

Halloran & Sage will also be reimbursed for reasonable
out-of-pocket expenses incurred.

Brian Enright, member of Halloran & Sage LLP, assured the Court
that the firm is a "disinterested person" as the term is defined in
Section 101(14) of the Bankruptcy Code and does not represent any
interest adverse to the Debtors and their estates.

Halloran & Sage can be reached at:

     Brian Enright, Esq.
     HALLORAN & SAGE LLP
     One Century Tower, 265 Church Street, Suite 802
     New Haven, CT 06510
     Tel: (203) 672-5432
     Fax: (203) 672-5480

                       About LA4Ever, LLC

LA4Ever, LLC, and LLCD, LLC, are Connecticut limited liability
companies officially registered with the Secretary of State in
December 2002 and January 2003. These companies were formed by and
are owned by Kenneth Hill and Daphne Benas. Since their formation,
the Companies have been in the business of ownership and operation
of residential rental property at 325-327 St. John Street and 23
Brown Street, in New Haven, Connecticut.  Mr. Hill and Ms. Benas
also oversaw extensive rehabilitation of the Property resulting in
significant improvement early on after the purchase. Many routine
management and maintenance duties at the Property are handled by
LABenhill, LLC, a management company formed, owned and operated by
Mr. Hill and Ms. Benas.

LLCD, LLC owns the Brown Street Property at 23 Brown Street in the
Wooster Square neighborhood in New Haven, Connecticut. The Brown
Street Property consists of five residential units representing a
current monthly rent roll of $6,250 inclusive of two units recently
vacated which vacancies are anticipated to be filled promptly.

LA4Ever, LLC, owns the St. John Street Property at 325-7 St. John
Street, also in the Wooster Square neighborhood in New Haven,
Connecticut. The St. John Street Property consists of six
residential units representing a current monthly rent roll of
$9,875. All six units of the St. John Street Property are presently
occupied.

The Debtors filed for Chapter 11 bankruptcy protection (Bankr. D.
Conn. Lead Case No. 15-30546) on April 8, 2015.  The petition was
signed by Daphne Benas, member.  The Debtors are represented by
Carl T. Gulliver, Esq., at Coan Lewendon Gulliver & Miltenberger,
LLC. The case is assigned to Judge Julie A. Manning.

At the time of the filing, LA4Ever estimated its assets at $500,000
to $1 million and debts at $1 million to $10 million. LLCD
estimated its assets and debt at $500,000 to $1 million.

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


LAKE MATHEWS: Trustee Taps Best Best & Krieger as Legal Counsel
---------------------------------------------------------------
The Chapter 11 trustee for Lake Mathews Mineral Properties, LTD
seeks approval from the U.S. Bankruptcy Court for the Central
District of California to hire legal counsel.

Elissa Miller, the court-appointed trustee, proposes to hire Best
Best & Krieger, LLP to give legal advice regarding her duties under
the Bankruptcy Code, investigate the Debtor's financial condition,
analyze claims, assist the trustee in any legal action to recover
assets, and provide other legal services.

The hourly rates charged by the firm range from $240 to $550.

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

The firm can be reached through:

     Franklin C. Adams, Esq.
     Best Best & Krieger, LLP
     3390 University Avenue, Fifth Floor
     P.O. Box 1028
     Riverside, CA 92502-1028
     Tel: (951) 686-1450
     Fax: (951) 686-3083

                   About Lake Mathews Mineral

Lake Mathews Mineral Properties, Ltd. sought protection under
Chapter 11 of the Bankruptcy Code (Bankr. C. D. Calif. Case No.
16-16363) on May 13, 2016.  The petition was signed by Steven
Winstead, senior vice-president and general manager.  

The case is assigned to Judge Neil W. Bason.  The Law Offices of
Michael Jay Berger serves as the Debtor's legal counsel.

At the time of the filing, the Debtor disclosed $2.5 million in
assets and $2.24 million in liabilities.

The Office of the U.S. Trustee appointed three creditors of Lake
Mathews Mineral Properties, Ltd., to serve on the official
committee of unsecured creditors on August 22, 2016.

On November 28, 2016, Elissa Miller accepted her appointment as
Chapter 11 trustee for the Debtor.


LAKEWOOD AT GEORGIA: Taps DeCaro & Howell as Legal Counsel
----------------------------------------------------------
Lakewood At Georgia Avenue LLC seeks approval from the U.S.
Bankruptcy Court for the District of Maryland to hire legal counsel
in connection with its Chapter 11 case.

The Debtor proposes to hire DeCaro & Howell P.C. to give legal
advice regarding its duties under the Bankruptcy Code, negotiate
with creditors, assist in the preparation of a bankruptcy plan, and
provide other legal services.

Thomas DeCaro, Jr., Esq., and Marla Howell, Esq., the attorneys
designated to represent the Debtor, will be paid $425 per hour and
$380 per hour, respectively.  Paralegals will be paid an hourly
rate of $100.

Mr. DeCaro disclosed in a court filing that his firm does not
represent any interest adverse to the Debtor's bankruptcy estate or
any of its creditors.

The firm can be reached through:

     Thomas F. DeCaro, Jr.
     Marla L. Howell, Esq.
     DeCaro & Howell P.C.
     14406 Old Mill Rd. #201
     Upper Marlboro, MD 20772
     Phone: 301-464-1400
     Fax: 301-464-4776
     Email: Tfd@erols.com
     Email: mhowell@decarohowell.com

                About Lakewood At Georgia Avenue

Lakewood At Georgia Avenue LLC sought protection under Chapter 11
of the Bankruptcy Code (Bankr. D. Md. Case No. 16-26171) on
December 10, 2016.  The petition was signed by George E.
Christopher, president of managing member Lakewood Investment Corp.


The case is assigned to Judge Thomas J. Catliota.

At the time of the filing, the Debtor disclosed $6.04 million in
assets and $4.35 million in liabilities.


LANKER PARTNERSHIP: Seeks to Hire Leech Tishman as Special Counsel
------------------------------------------------------------------
Lanker Partnership seeks approval from the U.S. Bankruptcy Court
for the Central District of California to hire Leech Tishman
Fuscaldo & Lampl, LLP as special counsel.

The firm will provide legal services to Lanker Partnership in
connection with a lawsuit it filed against First American Title
Insurance Co. in the bankruptcy court.

The hourly rates charged by the firm are:

     Stuart Koenig     Partner       $595  
     Sandford Frey     Partner       $595
     Kelli Nielsen     Paralegal     $250

Stuart Koenig, Esq., a partner at Leech Tishman, disclosed in a
court filing that his firm is a "disinterested person" as defined
in section 101(14) of the Bankruptcy Code.

The firm can be reached through:

     Sandford Frey L. Frey, Esq.
     Stuart I. Koenig, Esq.
     Leech Tishman Fuscaldo & Lampl, LLP
     100 Corson Street, Third Floor
     Pasadena, CA 91103
     Tel: (626) 796-4000
     Fax: (626) 795-6321
     Email: sfrey@leechtishman.com
     Email: skoenig@leechtishman.com

                    About Lanker Partnership

Lanker Partnership sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. C. D. Calif. Case No. 15-12380) on July 12,
2015.  The petition was signed by Adi Perez, managing partner.  

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


LANSING TRADE: S&P Affirms Then Withdraws 'B' CCR
-------------------------------------------------
S&P Global Ratings said that it affirmed its 'B' corporate credit
rating on Overland Park, Kansas-based Lansing Trade Group LLC.  S&P
subsequently withdrew the rating at the company's request.  At the
time of the withdrawal, the outlook was stable.

As of June 30, 2016, Lansing's financial performance was in line
with S&P's expectations.  S&P had lowered the corporate credit
rating on the company to 'B' from 'B+' on Aug. 8, 2016, reflecting
a more aggressive risk profile stemming from losses in its trading
activities.  Besides the proprietary trading business, the
company's core grain segment continues to experience compressed
margins from an oversupplied global agricultural commodities
market.  As a result of the poor grain merchandising market
conditions, Lansing is unable to benefit from its overall earnings
diversity and offset the losses incurred in its proprietary trading
and distiller's dried grains with solubles (DDGS) export
businesses.  Still, S&P expects margins to modestly improve in the
second half of 2016 and into 2017, reflecting better storage
opportunities.

S&P withdrew the rating at the request of the company because the
majority ($114.3 million) of the approximately $144 million
outstanding in senior unsecured 9.25% bonds of Lansing Trade Group
LLC were repurchased on Sept. 30, 2016.

The company funded the tender with a new $500 million credit
facility consisting of a $375 million asset-based revolver and $125
million term loan.  The new facility also replaced its previous
$450 million asset-based revolver and a portion of its term loan.


LENSAR INC: Files Chapter 11 Bankruptcy Petition to Cut Debt
------------------------------------------------------------
LENSAR, Inc., a global leader in next generation femtosecond laser
technology for refractive cataract surgery, on Dec. 19, 2016,
announced the filing of a Chapter 11 bankruptcy petition on
December 19, 2016 to reduce its debt, strengthen its balance sheet
and strengthen its platform for future growth.  The filing was made
with support from PDL BioPharma, Inc. (PDL), LENSAR's senior
secured lender.  LENSAR, which acquired the assets of LENSAR, LLC,
anticipates prompt filing of a plan with support from PDL that will
reduce LENSAR's debt, convert a portion of PDL's outstanding debt
into equity, and facilitate PDL's financial support of LENSAR
through this process.

This filing is a financial strategic restructuring of LENSAR.  Its
operations will continue in the ordinary course throughout the
Chapter 11 reorganization process.

With financial support from PDL the Company intends to continue to
pay all employee obligations (including employee wages, provide
health care, and other benefits) and all current operating expenses
without interruption in the ordinary course of business under
normal terms.  LENSAR contemplates the prompt filing of a Chapter
11 plan that will pay all prepetition trade vendors in full.  This
support underscores PDL's commitment to LENSAR and in the LENSAR
Laser System, the only femtosecond laser built specifically for
refractive cataract surgery, and its unique ability to address the
needs of refractive cataract surgeons and patients.

Said LENSAR CEO Nicholas Curtis, "Given the growing aging
population globally, with more than 22 million cataracts treated
annually, I am very optimistic about the future of refractive
cataract surgery and the opportunity to work with PDL.  We expect
to continue changing the paradigm for how surgeons treat cataract
patients and improving visual outcomes, seamlessly incorporating
the preoperative diagnostics into the laser treatment to manage
preexisting and surgically induced astigmatism affecting nearly all
cataract patients."

LENSAR expects the Chapter 11 case to conclude in the second
quarter of 2017.  Thereafter, PDL and LENSAR anticipate that PDL
will provide support to the reorganized, de-leveraged LENSAR, and
that LENSAR will continue to provide the precision and excellence
of the LENSAR Laser System to surgeons and patients worldwide.

Curtis added: "The hard work and dedication of our employees has
enabled us to create a leading femtosecond laser technology
platform for refractive cataract surgery and we are truly grateful
for their commitment and support.  Together, we look forward to
working cooperatively with our vendors, suppliers and partners as
we move quickly through this process."

                  About PDL BioPharma, Inc.

PDL BioPharma seeks to optimize its return on investments so as to
provide a significant return for its shareholders by acquiring and
managing a portfolio of companies, products, royalty agreements and
debt facilities in the biotech, pharmaceutical and medical device
industries.  In late 2012, PDL began providing alternative sources
of capital through royalty monetizations and debt facilities and in
2016, began making equity investments in commercial stage
companies.  PDL has committed over $1.4 billion and funded
approximately $1.1 billion in these investments to date.

                      About LENSAR, Inc.

LENSAR, Inc. -- http://www.lensar.com/-- is a global leader in
next generation femtosecond laser technology for refractive
cataract surgery.  The LENSAR Laser System with Streamline II
offers cataract surgeons automation and customization of essential
steps of the refractive cataract surgery procedure with the highest
levels of precision, accuracy, and efficiency, while optimizing
overall visual outcomes.

The LENSAR Laser System has been cleared by FDA for anterior
capsulotomy, lens fragmentation, and corneal and arcuate incisions.
For other indications it is an investigational device limited by
U.S. law to investigational use only.


LIMITLESS MOBILE: U.S. Trustee Forms 5-Member Committee
-------------------------------------------------------
Andrew Vara, acting U.S. trustee for Region 3, on Dec. 16 appointed
five creditors of Limitless Mobile, LLC, to serve on the official
committee of unsecured creditors.

The committee members are:

     (1) Cerillion Technologies Ltd.
         Attn: Mike Dee
         125 Shaftesburry Avenue
         London WCZH 8AD
         Phone 44-4621-636002

     (2) Comcast Cable Communications Management, LLC
         Attn: Daniel Carr
         1701 JFK Blvd
         Philadelphia, PA 19103
         Phone: 215-286-4850
         Fax: 215-286-1040

     (3) MNM Wireless, LLC
         Attn: Gregory Carson
         2421 "A" Wyandotte Road
         Willow Grove, PA 19090
         Phone: 215-956-7200
         Fax: 215-657-2848

     (4) Crown Castle MU, LLC
         Attn: George Njezic
         180 Oakview Trace
         Fayetteville, GA 30215
         Phone: 865-414-456

     (5) SBA Towers II LLC
         Attn: Danet Rodriguez-Figg
         8051 Congress Avenue
         Boca Raton, FL 33487
         Phone: 561-322-7818
         Fax: 561-989-2993

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 Limitless Mobile

Limitless Mobile, LLC filed a Chapter 11 bankruptcy petition
(Bankr. D.DE. Case No. 16-12685) on December 2, 2016. Dilworth
Paxson, LLP represents the Debtor as counsel.

In its petition, the Debtor estimated $10 million to $50,000
million in assets and $50 million to $100 million in liabilities.
The petition was signed by Amir Rajwany, chief operating officer.


LONG BROOK: Seeks to Hire Knott as Special Counsel
--------------------------------------------------
Long Brook Station, LLC seeks approval from the U.S. Bankruptcy
Court for the District of Connecticut to hire Knott, Knott & Dunn,
LLC as special counsel.

The firm will represent the Debtor in an appeal of assessed real
taxes on its property located at 3044 Main Street, Stratford,
Connecticut.

The firm does not hold or represent any interest adverse to the
Debtor or its bankruptcy estate, according to court filings.

Knott can be reached through:

     Barry C. Knott, Esq.
     Knott, Knott & Dunn, LLC
     1656 Main Street
     Stratford, CT 06615
     Phone: (203) 375-1433

500 North Avenue, LLC and Long Brook Stattion, LLC filed chapter 11
petitions (Bankr. D. Conn. Case Nos. 14-31094 and 14-31095) on June
6, 2014. The petitions were signed by Joseph Regensburger, member.
The Debtors are represented by Douglas S. Skalka, Esq., at Neubert,
Pepe, and Monteith, P.C.  The case is assigned to Judge Julie A.
Manning.  

500 North Avenue, LLC estimated assets at $1 million to $10 million
and liabilities at $10 million to $50 million at the time of the
filing.  Long Brook Station, LLC estimated assets at $500,000 to $1
million and liabilities at $1 million to $10 million at the time of
the filing.


LSB INDUSTRIES: Jeffrey Gendell Reports 6.8% Stake as of Dec. 5
---------------------------------------------------------------
In a Schedule 13G filed with the Securities and Exchange
Commission, Jeffrey L. Gendell disclosed that as of Dec. 5, 2016,
he beneficially owns 1,905,354 shares of common stock of LSB
Industries, Inc., representing 6.83 percent of the shares
outstanding.  Also included in the filing are Tontine Asset
Associates, LLC (1,711,272 common shares) and TTR Associates, LLC
(194,082 common shares).  A full-text copy of the regulatory filing
is available for free at https://is.gd/k0Y9BW

                   About LSB Industries, Inc.

LSB Industries, Inc. and its subsidiaries are involved in
manufacturing and marketing operations.  The Companies are
primarily engaged in the manufacture and sale of chemical products
and the manufacture and sale of water source and geothermal heat
pumps and air handling products.

LSB reported a net loss attributable to common stockholders of
$38.03 million in 2015, net income attributable to common
stockholders of $19.33 million in 2014 and net income attributable
to common stockholders of $54.66 million in 2013.

As of Sept. 30, 2016, LSB had $1.38 billion in total assets,
$727.61 million in total liabilities and $137.98 million in
redeemable preferred stock, and $520 million in total stockholders'
equity.

                         *    *     *

As reported by the TCR on Oct. 17, 2016, S&P Global Ratings lowered
its rating on Oklahoma City-based LSB Industries Inc. to 'CCC' from
'B-'.  "Despite using the climate control business sale proceeds to
repay some debt, the company's metrics have weakened due to plant
operational issues and a depressed pricing environment, which have
led to depressed EBITDA expectations," said S&P Global Ratings
credit analyst Allison Schroeder.

As reported by the TCR on Nov. 21, 2016, Moody's Investors Service
downgraded LSB Industries, Inc.'s corporate family rating (CFR) to
Caa1 from B3, its probability of default rating to Caa1-PD from
B3-PD, and the $375 million guaranteed senior secured notes to Caa1
from B3.  LSB's Caa1 CFR rating reflects Moody's expectations that
the combined uncertainty over operational reliability and the
compressed margins, resulting from the low nitrogen fertilizer
pricing environment, could result in continued weak financial
metrics for a protracted period.


MAMAMANCINI'S HOLDINGS: Posts $80,603 Net Income for Third Quarter
------------------------------------------------------------------
MamaMancini's Holdings, Inc., filed with the Securities and
Exchange Commission its quarterly report on Form 10-Q disclosing
net income available to common stockholders of $80,603 on $4.57
million of sales for the three months ended Oct. 31, 2016, compared
to a net loss available to common stockholders of $995,522 on $3.23
million of sales for the three months ended
Oct. 31, 2015.

For the nine months ended Oct. 31, 2016, the Company reported a net
loss available to common stockholders of $580,435 on $12.63 million
of sales compared to a net loss available to common stockholders of
$3.10 million on $9.33 million of sales for the same period during
the prior year.

As of Oct. 31, 2016, MamaMancini's Holdings had $6.34 million in
total assets, $5.58 million in total liabilities and $763,541 in
total stockholders' equity.

As of Oct. 31, 2016, the Company had a working capital of
$1,857,956 as compared to a working capital deficiency of $(34,365)
as of Jan. 31, 2016, an increase of $1,892,321.  The increase in
working capital is primarily attributable to increases in cash,
accounts receivable, prepaid expenses, inventories and decreases in
accounts payable and accrued expenses, promissory notes and related
party notes all of which were offset by decreases in due from
manufacturer and increases in term loan and note payable.  In
addition, the line of credit was amended in September 2016 and
consequently reclassified to long-term on the condensed
consolidated balance sheets.

"The Company may require additional funding to finance the growth
of its current and expected future operations as well as to achieve
its strategic objectives.  There can be no assurance that financing
will be available in amounts or terms acceptable to the Company, if
at all.  In that event, the Company would be required to change its
growth strategy and seek funding on that basis, though there is no
guarantee it will be able to do so," the Company stated in the
filing.

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

                     https://is.gd/yHAlNq
  
                About MamaMancini's Holdings, Inc.

MamaMancini's Holdings, Inc., manufactures and distributes
prepared, frozen, and refrigerated food products primarily in the
United States.

MamaMancini's Holdings, Inc., formerly Mascot Properties, Inc.,
was incorporated in the State of Nevada on July 22, 2009.  Mascot
Properties, Inc.'s activities since its inception consisted of
trying to locate real estate properties to manage, primarily
related to student housing, and services which included general
property management, maintenance and activities coordination for
residents.  Mascot did not have any significant development of such
business and did not derive any revenue.  Due to the lack of
results in its attempt to implement its original business plan,
management determined it was in the best interests of the
shareholders to look for other potential business opportunities.

MamaMancini's reported a net loss of $3.51 million for the year
ended Jan. 31, 2016, compared to a net loss of $4.06 million for
the year ended Jan. 31, 2015.

Rosenberg Rich Baker Berman & Company, in Somerset, New Jersey,
issued a "going concern" qualification on the consolidated
financial statements for the year ended Jan. 31, 2016, citing that
the Company has incurred losses for the years ended January 31,
2016 and 2015 and has a working capital deficit as of January 31,
2016.  These factors raise substantial doubt about the Company's
ability to continue as a going concern.


MARK GARCIA: Court Grants Over $25K Atty's Fees, Expenses to YP
---------------------------------------------------------------
Judge Ronald H. Sargis of the United States Bankruptcy Court for
the Eastern District of California granted the motion filed by YP
Advertising & Publishing LLC for allowance of an administrative
expense for the legal fees and expenses incurred in making a
substantial contribution to the Chapter 11 case of Mark Anthony
Garcia and Angela Marie Garcia.

YP is a Delaware limited liability company, formerly known as YP
Western Directory, LLC, a Delaware limited liability company,
formerly known as Pacific Bell Directory, a California corporation,
that has been identified as the Chapter 11 Plan Proponent in the
bankruptcy case.  For all relevant periods of time YP has been
represented by Coleman & Horowitt, LLP.  The time period for which
the fees are requested is October 24, 2014, through July 29, 2016.
YP requested the administrative expense for $45,805.00 in fees and
costs in the amount of $1,280.39, for a total of $47,085.39.

Judge Sargis granted the motion, allowing $25,375.00 in legal fees
and $1,061.19 in costs relating thereto.  Requests for amounts in
excess thereof were denied.

Judge Sargis was convinced that YP's counsel, given her good nature
and lack of bankruptcy law experience (though not inexperienced as
a lawyer), was actively taken advantage of by the debtor and the
debtor's counsel, and at least passively by the Chapter 11 trustee
and the trustee's counsel.

Recently, the court was presented with a declaration under penalty
of perjury signed by debtor Mark Garcia, the plan administrator
under the confirmed Chapter 11 Plan.  Mr. Garcia was testifying
under penalty of perjury as to facts in support of a motion to sell
property under the plan to an "unrelated" third-party.  The
declaration that was prepared by the debtor's counsel, who is now
serving as the attorney for the debtor serving in the capacity of
plan administrator, contained false information (inaccurately
stating that debtor had no interest in the "unrelated" third-party
purchaser limited liability company, an entity for which debtor
Mark Garcia is actually a managing member).  The court did not find
persuasive debtor Mark Garcia's and debtor's counsel's arguments
that Mr. Garcia just did not read the declaration before signing it
and the court should overlook the false statement.  This
misstatement exemplifies the conduct of the debtor in the case, all
the while represented by the same debtor's counsel.

The amount of attorneys' fees allowed to YP for the work of YP's
counsel is greater than stated in the tentative ruling before the
court took the matter under submission.  Though the court's
discussion in the findings of fact regarding YP's counsel are
pointed, the real blame for the non-productive legal services rests
at the feet of the debtor, the debtor's counsel, the Chapter 11
trustee, and the trustee counsel.  Upon further review of the
facts, and conduct of the other parties and attorneys, Judge Sargis
concluded that a higher amount of reasonable attorneys' fees than
stated in the tentative ruling are appropriate for YP's counsel --
one attorney in the case who attempted to do her job in the case
consistent with her obligations in federal court.

A full-text copy of Judge Sargis' December 14, 2016 opinion is
available at:

           http://bankrupt.com/misc/caeb12-93049-899.pdf

                    About Mark Garcia

Mark Garcia filed a Chapter 11 bankruptcy petition  (Bankr. E.D.
Calif. Case No. 12-93049) on November 30, 2012.


MAXUS ENERGY: U.S. Trustee Forms 3-Member Retirees Committee
------------------------------------------------------------
Andrew Vara, acting U.S. trustee for Region 3, on Dec. 16 appointed
a committee of retirees in the Chapter 11 case of Maxus Energy
Corp.

The committee members are:

     (1) John Leslie Jackson, Sr.
         4500 Roland Ave.
         Dallas, TX 75219
         Phone: (214) 287-2652
         Fax (972)3805748

     (2) Gerald G. Carlton
         24 Lakeside Park
         Dallas, TX 75225
         Phone: (214)207-5549

     (3) Robert E. Garbesi
         2957 Four Pines Drive, Apt. 1
         Lexington, KY 40502-2977
         Phone: (859)269-7764

                About Maxus Energy Corporation

Maxus Energy Corporation and four of its subsidiaries filed a
voluntary petitions for reorganization under Chapter 11 (Bankr. D.
Del., Case No. 16-11501) on June 17, 2016. The Debtors intend to
use the breathing spell afforded by the Bankruptcy Code to decide
whether their existing environmental remediation operations and oil
and gas operations can be restructured as a sustainable,
stand-alone enterprise.

The Debtors have engaged Young Conaway Stargatt & Taylor, LLP as
local counsel, Morrison & Foerster LLP as general bankruptcy
counsel, Zolfo Cooper, LLC as financial advisor and Prime Clerk LLC
as claims and noticing agent, all are subject to the Bankruptcy
Court's approval.

On July 7, 2016, the United States Trustee for the District of
Delaware filed Notice of Appointment of Committee of Unsecured
Creditors. The Committee selected Schulte Roth & Zabell LLP as
counsel, and Cole Schotz as Delaware co-counsel. Berkeley Research
Group, LLC, serves as financial advisor for the Committee.


MCELRATH LEGAL: Exclusive Plan Filing Period Extended to Mar. 20
----------------------------------------------------------------
Judge Carlota M. Bohm of the U.S. Bankruptcy Court for the Western
District of Pennsylvania extended McElrath Legal Holdings, LLC's
exclusive period to file a plan to March 20, 2017.

The Debtor previously sought the extension of its exclusive plan
filing period, contending that an extension of the exclusivity
period will provide the Debtor with the appropriate and necessary
time to prepare accurate financial projections, a six month
operating history needed for a disclosure statement, and a plan
which will be feasible.

Paul W. McElarth, Jr., the president of the Debtor, contended that
a six month period which includes both a low and normal number of
chapter 7 and chapter 13 filings by his firm would be an accurate
basis from which to project annual revenue and expenses and that
the months of August, September, October, November, and December,
2016, and January, 2017, would be a representative sampling.

The Debtor related that the net income trend shown by its filed
monthly operating reports for July (partial month), August,
September, and October, 2016 was promising.  The Debtor further
related that the revenue and expenses of months of August,
September, and October needed to be averaged with the months of
November and December, 2016, and January, 2017, to create a
reliable six month statistical sampling, to provide adequate
information for a disclosure statement and evidentiary support that
the Debtor's plan is feasible.

The Debtor told the Court that the November and December, 2016, and
January, 2017, monthly operating reports would be filed timely.
The Debtor further told the Court that its counsel would need about
30 days after the filing of January 2017 report to prepare accurate
income and expense projections, a disclosure statement, and a plan,
so that the January, 2017 report would be due February 20, 2017.

            About McElrath Legal Holdings, LLC.

Headquartered in Pittsburgh, Pennsylvania, McElrath Legal Holding,
LLC, filed for Chapter 11 bankruptcy protection (Bankr. W.D. Pa.
Case No. 16-22568) on July 11, 2016, estimating its assets at up to
$50,000 and its liabilities at between $1 million and $10 million.
The petition was signed by Paul McElrath, president.  Judge Carlota
M. Bohm presides over the case.

Gary William Short, Esq., who has an office in Pittsburgh,
Pennsylvania, serves as the Debtor's bankruptcy counsel.  The
Debtor hires Elder Law Management, as an accountant.

The U.S. Trustee informs the U.S. Bankruptcy Court for the Western
District of Pennsylvania that a committee of unsecured creditors
has not been appointed in the Chapter 11 case of McElrath Legal
Holding, LLC, due to insufficient response to the U.S. Trustee
communication/contact for service on the committee.



MEDITE CANCER: Releases Copy of Investor Presentation
-----------------------------------------------------
Medite Cancer Diagnostics, Inc. furnished the Securities and
Exchange Commission a copy of an investor presentation which may be
presented at meetings with investors, analysts, and others, in
whole or in part and possibly with modifications, during the fiscal
year ending Dec. 31, 2016, and Dec. 31, 2017.  The Investor
Presentation is available for free at https://is.gd/3h0U2K

                About MEDITE Cancer Diagnostics

MEDITE Cancer Diagnostics Inc., is a Delaware registered company
consisting of wholly-own MEDITE GmbH a Germany-based company with
its subsidiaries.  On April 3, 2014, MEDITE was acquired by former
CytoCore, Inc. a biomolecular diagnostics company engaged in the
design, development, and commercialization of cost-effective cancer
screening systems and Biomarkers to assist in the early detection
of cancer.  By acquiring MEDITE the company changed from solely
research operations to an operating company with a well-developed
infrastructure, 78 employees in four countries, a distribution
network to about 70 countries worldwide, a well-known and
established brand name and a wide range of products for anatomic
pathology, histology and cytology laboratories.

Medite reported a net loss available to common stockholders of
$937,000 for the year ended Dec. 31, 2015, compared to a net loss
available to common stockholders of $808,000 for the year ended
Dec. 31, 2014.

As of Sept. 30, 2016, Medite Cancer had $18.58 million in total
assets, $9.76 million in total liabilities and $8.81 million in
total stockholders' equity.

                         *   *    *

This concludes the Troubled Company Reporter's coverage of Medite
Cancer until facts and circumstances, if any, emerge that
demonstrate financial or operational strain or difficulty at a
level sufficient to warrant renewed coverage.


MOBILE FOX: Wants April 9 Exclusive Plan Filing Period Extension
----------------------------------------------------------------
The Mobile Fox, Inc. asks the U.S. Bankruptcy Court for the Middle
District of Florida to extend its exclusive period for filing a
plan to April 9, 2017.

The Debtor's exclusive period for filing a plan currently expires
on January 9, 2017.

The Debtor tells the Court that its business is largely seasonal,
with sales peaking during the holiday season between November and
the end of January.  The Debtor believes that the requested
extension is in the best interest of both the estate and creditors
of the estate as it will extend the Debtor's Exclusivity Periods
past the holiday season and allow the Debtor to compile the
appropriate monthly operating reports to more accurately show
feasibility before proposing its plan and issuing its disclosure
statement.

              About The Mobile Fox, Inc.

The Mobile Fox, Inc. is a Florida corporation which offers
electronics and office supply products through internet based
storefronts such as Amazon and eBay.  

The Mobile Fox, Inc. filed a chapter 11 petition (Bankr. M.D. Fla.
Case No. 16-02651) on July 13, 2016.  The petition was signed by
David Wisehart, president.  The Debtor is represented by William B.
McDaniel, Esq., at Lansing Roy, PA.  The Debtor estimated assets at
$0 to $50,000 and liabilities at $100,001 to $500,000 at the time
of the filing.



MOUNTAIN THUNDER: Ch. 11 Trustee Hires Klevansky Piper as Counsel
-----------------------------------------------------------------
Elizabeth A. Kane, the Chapter 11 Trustee of Mountain Thunder
Coffee Plantation Int'l, Inc., seeks authority from the U.S.
Bankruptcy Court for the District of Hawaii to employ Klevansky
Piper, LLP as general counsel to the Debtor.

The Trustee requires Klevansky Piper to:

   (a) draft, negotiate and propose a plan of reorganization;

   (b) assist the Trustee in dealings with the Debtor, creditors
       and other parties in interest; and

   (c) prepare monthly operating reports, Bankruptcy Schedules
       and other documents and (iv) performing any and all other
       legal services for the Trustee which may be necessary to
       assist the Trustee in carrying out her duties.

Klevansky Piper will be paid at the hourly rate of $265-$450.

Klevansky Piper will also be reimbursed for reasonable
out-of-pocket expenses incurred.

Simon Klevansky, member of Klevansky Piper, LLP, assured the Court
that the firm is a "disinterested person" as the term is defined in
Section 101(14) of the Bankruptcy Code and does not represent any
interest adverse to the Debtor and its estates.

Klevansky Piper can be reached at:

     Simon Klevansky, Esq.
     KLEVANSKY PIPER, LLP
     841 Bishop Street, Suite 1707
     Honolulu, HI 96813
     Tel: (808) 536-0200
     Fax: (808) 237-5757
     E-mail: sklevansky@kplawhawaii.com

                     About Mountain Thunder

Mountain Thunder Coffee Plantation Int'l Inc., based in
Kailua-Kona, HI, filed a Chapter 11 petition (Bankr. D. Haw. Case
No. 16-00984) on September 16, 2016. The Hon. Robert J. Faris
presides over the case. Ted N. Pettit, Esq., at Case Lombardi &
Pettit, to serve as bankruptcy counsel.



NAKED BRAND: Incurs $2.4 Million Net Loss in Third Quarter
----------------------------------------------------------
Naked Brand Group Inc. filed with the Securities and Exchange
Commission its quarterly report on Form 10-Q disclosing a net loss
of US$2.36 million on US$551,494 of net sales for the three months
ended Oct. 31, 2016, compared to a net loss of US$3.53 million on
US$317,748 of net sales for the three months ended Oct. 31, 2015.

For the nine months ended Oct. 31, 2016, the Company reported a net
loss of US$8.20 million on US$1.29 million of net sales compared to
a net loss of US$8.48 million on US$938,157 of net sales for the
same period a year ago.

As of Oct. 31, 2016, Naked Brand had US$2.46 million in total
assets, US$2.04 million in total liabilities and US$420,941 in
total stockholders' equity.

As of Oct. 31, 2016, the Company had cash totaling $44,365.  The
Company believes it does not have sufficient cash resources to fund
its operations through the fourth quarter of fiscal 2017.

In accordance with the collaboration and endorsement agreement with
Dwayne Wade, the Company is required to make quarterly payments for
royalty fees based on the greater of a pre-determined percentage of
certain sales, or a minimum annual amount.  During the nine months
ended Oct. 31, 2016, the Company did not make all minimum royalty
payments as they became due under the terms of the agreement, and
consequently has not fulfilled its obligations under the agreement.
Accordingly, the other party to the agreement has the right to
cause the agreement to enter into default.  If the other party
provides such notice of default, this could affect the Company's
ability to sell certain portions of its Wade X Naked inventory on
hand and on order at Oct. 31, 2016.  As at Oct. 31, 2016, the
Company has not been provided a notice of default by the other
party to the agreement, and is currently negotiating settlement of
amounts currently due under the agreement.  No provision for any
losses that might be incurred in the event of a notice of default
has been provided in the accompanying financial statements.

The Company's common stock is listed on The NASDAQ Capital Market
under the symbol NAKD.  On Sept. 23, 2016, the Company received
written notice from the Listing Qualifications Staff of The NASDAQ
Stock Market LLC notifying the Company that it no longer complies
with NASDAQ Listing Rule 5550(b)(1) due to the Company's failure to
maintain a minimum of $2,500,000 in stockholders' equity or any
alternatives to such requirement as of July 31, 2016, and as of
Sept. 22, 2016.  In response, the Company submitted a compliance
plan to NASDAQ.  The Company is working with NASDAQ to finalize
such plan and undertake steps to regain compliance.  If NASDAQ
accepts the Company's plan, NASDAQ may grant an extension of up to
180 calendar days from the date of the notice, or until March 22,
2017, to evidence compliance with the Minimum Stockholders' Equity
Requirement.  If NASDAQ does not accept the Company's plan, the
Company will have the right to appeal such decision to a NASDAQ
hearings panel.

"Management intends to continue to raise funds from equity and debt
financings to fund our operations and objectives.  However, we
cannot be certain that financing will be available on acceptable
terms or available at all.  To the extent that we raise additional
funds by issuing debt or equity securities or through bank
financing, our existing stockholders may experience significant
dilution.  If we are unable to raise funds when required or on
acceptable terms, we may have to significantly scale back, or
discontinue, our operations," the Company stated in the quarterly
report.

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

                      https://is.gd/YYwSj0

                        About Naked Brand

New York-based Naked Brand Group Inc. designs, manufactures, and
sells men's
innerwear and lounge apparel products in the United States and
Canada.  It offers various innerwear products, including trunks,
briefs, boxer briefs, undershirts, T-shirts, and lounge pants
under the Naked brand, as well as under the NKD sub-brand for men.
The company sells its products to consumers and retailers through
wholesale relationships and direct-to-consumer channel, which
consists of an online e-commerce store, thenakedshop.com.  Naked
Brand Group Inc. is based in New York, New York.

Naked Brand reported a net loss of US$19.06 million on US$1.38
million of net sales for the year ended Jan. 31, 2016, compared to
a net loss of US$21.07 million on US$557,000 of net sales for the
year ended Jan. 31, 2015.

BDO USA, LLP, in New York, NY, issued a "going concern"
qualification on the consolidated financial statements for the year
ended Jan. 31, 2016, noting that the Company incurred a net loss of
$19,063,399 for the year ended Jan. 31, 2016, and the Company
expects to incur further losses in the development of its business.
This condition raises substantial doubt about the Company's
ability to continue as a going concern.


NAS HOLDINGS: Court Allows Cash Collateral Use on Final Basis
-------------------------------------------------------------
Judge Catherine R. Aron of the U.S. Bankruptcy Court for the Middle
District of North Carolina authorized NAS Holdings, Inc., to use
cash collateral on a final basis.

Branch Banking & Trust, or BB&T, is the only secured creditor of
the Debtor.  BB&T holds two secured liens against restaurant
equipment and fixtures of the Debtor.  The monthly payments for the
two loans are $7,269 and $3,730, respectively.

The Debtor is authorized to use cash collateral for its ordinary
and reasonable operating expenses, which will include payment of
reasonable and necessary operating expenses in line with the
approved Budget.

The approved Budget projected total expenses in the amount of
$24,325 for the month of December 2016.

BB&T is authorized to retain its liens on all prepetition
collateral and was granted replacement liens upon all collateral of
the type and kind upon which it has prepetition liens, to the same
extent, priority, and validity as it had on the Petition Date.
BB&T was also granted an allowed super-priority administrative
expense claim to the extent of any diminution in value of BB&T's
interests in prepetition collateral caused solely by the use of
cash collateral.

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

A full-text copy of the Final Order, dated Dec. 14, 2016, is
available at
http://bankrupt.com/misc/NASHoldings2016_1650346_174.pdf

                   About NAS Holdings, Inc.

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

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

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


NAUTILUS DEVELOPMENT: 0% Payment for Unsecured Creditors
--------------------------------------------------------
Nautilus Development, Inc., filed with the U.S. Bankruptcy Court
for the District of Connecticut a disclosure statement and
accompanying plan of reorganization, dated Dec. 8, 2016, a
full-text copy of which is available for free at:

           http://bankrupt.com/misc/ctb16-20056-137.pdf

Class 3 is composed of the general unsecured creditors of
approximately $139,672. Those claims approved by the Court will be
paid 0% of the Allowed amount as full and final satisfaction. Each
creditor will receive payment of 0% in lump sum on the Effective
Date.  Those claims include a contingent debt consisting of a
judgment in the amount of $125,595 currently subject to appeal with
the Connecticut appeals court. 

This class also includes:

   * The Unsecured Claims of Dime Bank pertaining to Loans secured
on 85 Norwich Westerly Road, North Stonington, Connecticut.  And
212 Route 2A, Preston, Connecticut in the approximate amount of
$539,894.  These amounts are unsecured and, upon the occurrence of
the Effective Date, and as long as the Debtor is in compliance with
the terms and provisions of the Plan and Confirmation Order, Dime
will release and discharge of record all liens and encumbrances
filed and recorded in any Federal, State or local governmental
office required to evidence satisfaction of any lien held by DIME.

   * The Unsecured Claims of Entertainment Financial n/k/a RCN
Capital, LLC (RNC).  RNC agrees that the pertaining to a mortgage
On 85 Norwich Westerly Road, North Stonington, Connecticut, As To
116 Norwich Westerly Road, 189 Thames Street, Groton, Connecticut,
185 Thames Street, Groton, Connecticut, 198 Thames Road, Groton,
Connecticut in the approximate amount of $675,000.  These amounts
are unsecured and upon the occurrence of the Effective Date, and as
long as the Debtor is in compliance with the terms and provisions
of the Plan and Confirmation Order, RNC will release and discharge
of record all liens and encumbrances filed and recorded in any
Federal, State or local governmental office required to evidence
satisfaction of any lien held by RNC. 

Class 4 is composed of insiders, of which class, John Syragakis is
the only member.  This class will retain its interest in the
debtor in exchange for contributing monies for the Debtor.

The Debtor will fund the plan through its operating income,
pursuant to the terms of the Plan.  The ongoing business
operations will provide income necessary funds to fund the Plan.
The Debtor will make all payments by confirmation that are due the
US Trustee and will continue to make payments that accrue up the
effective date as well as though the date of the final decree.

                 About Nautilus Development

Nautilus Development, Inc., sought protection under Chapter 11 of
the Bankruptcy Code (Bankr. D. Conn. Case No. 16-20056) on Jan.
15,
2016.  The petition was signed by John Syragakis, president. 
The
case is assigned to Judge Ann M. Nevins.  The Debtor is
represented
by Peter L. Ressler, Esq., at Groob Ressler & Mulqueen, P.C.  The
Debtor estimated assets and debts of $1 million to $10 million at
the time of the filing.


NAUTILUS FUNDING: Plan Proposes 0% Recovery for Unsecured Creditors
-------------------------------------------------------------------
Nautilus Funding, Inc., filed with the U.S. Bankruptcy Court for
the District of Connecticut a disclosure statement and
accompanying plan of reorganization, dated Dec. 8, 2016, which
would give the general unsecured creditors 0% of the Allowed Claim
amount and John Syragakis will retain its interest in the Debtor.

Class 3 is composed of the general unsecured creditors of
approximately $0. Those claims approved by the Court will be paid
0% of the Allowed amount as full and final satisfaction.  Each
creditor will receive payment of 0% in lump sum on the Effective
Date.

Class 4 is composed of insiders, of which class, John Syragakis is
the only member.  This class will retain its interest in the
debtor in exchange for contributing monies for the debtor.

The Debtor will fund the plan through its operating income,
pursuant to the terms of the Plan.  The ongoing business
operations will provide income necessary funds to fund the Plan.
The Debtor will make all payments by confirmation that are due the
US Trustee and will continue to make payments that accrue up the
effective date as well as through the date of the final decree.

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

          http://bankrupt.com/misc/ctb16-21285-51.pdf 

                 About Nautilus Funding

Nautilus Funding, Inc. filed a Chapter 11 petition (Bankr. D.
Conn.
Case No. 16-21285) on Aug. 7, 2016.  The petition was signed by
its
John G. Syragakis, principal.  Judge James J. Tancredi presides
over the case.  The Debtor is represented by Joseph J.
D'Agostino,
Esq. at Joseph J. D'Agostino, Jr., LLC.  At the time of filing,
the
Debtor estimated both assets and liabilities at $100,001 to
$500,000.  No trustee or examiner has been appointed in the
proceedings.


NEIMAN MARCUS: Bank Debt Trades at 9.82% Off
--------------------------------------------
Participations in a syndicated loan under Neiman Marcus Group Inc
is a borrower traded in the secondary market at 90.18
cents-on-the-dollar during the week ended Friday, December 9, 2016,
according to data compiled by LSTA/Thomson Reuters MTM Pricing.
This represents a decrease of 0.44 percentage points from the
previous week.  Neiman Marcus Group Inc pays 300 basis points above
LIBOR to borrow under the $2.9 billion facility. The bank loan
matures on Oct. 16, 2020 and carries Moody's B2 rating and Standard
& Poor's B- rating.  The loan is one of the biggest gainers and
losers among 247 widely quoted syndicated loans with five or more
bids in secondary trading for the week ended December 9.


NEUSTAR INC: S&P Lowers CCR to 'B+' on Acquisition Agreement
------------------------------------------------------------
S&P Global Ratings lowered its corporate credit rating on Sterling,
Va.-based Neustar Inc. to 'B+' from 'BB-'.

At the same time, S&P lowered its issue-level ratings on the senior
secured term loan and revolver to 'BB' from 'BB+'.  The recovery
rating on this debt remains '1', indicating S&P's expectation for
very high (90%-100%) recovery in the event of a payment default.
S&P also lowered its issue-level ratings on the company's unsecured
notes to 'B' from 'B+'.  The recovery ratings remain '5',
indicating S&P's expectation for modest (lower end of the 10%-30%
range) recovery in a payment default.  The company has indicated
that it expects this debt to be repaid when the transaction
closes.

All of S&P's ratings on Neustar remain on CreditWatch where S&P
placed them with negative implications on June 21, 2016.  S&P could
lower or affirm the ratings following the completion of its
review.

"The downgrade follows Neustar's announcement that it has signed an
agreement to be acquired by Golden Gate Capital for about $2.9
billion, including about $1 billion of Neustar outstanding debt,"
said S&P Global Ratings credit analyst Scott Tan.

S&P believes that pro forma debt to EBITDA, including the impact of
the loss of the Number Portability Administration Center (NPAC)
contract in 2018, could rise above 6x , depending on EBITDA growth,
free operating cash flow generation, and debt repayment over the
next couple of years.  If the transaction is completed, S&P
believes the company's financial policy will be more aggressive
given that it will be owned by a private equity owner and that
leverage will remain elevated longer term.

S&P will resolve the CreditWatch when more information regarding
the transaction and financing becomes available.  S&P will also
assess the company's business strategy in light of Neustar's
decision to abandon the previous proposal to split the company as
well as its longer-term financial policy.  S&P believes that a
downgrade, if any, is likely to be one notch, depending on pro
forma leverage and cash flow generation.



NORTH FORK COMPOSITES: Hires Scout & Spur as Sales Advisor
----------------------------------------------------------
North Fork Composites LLC, seeks authority from the U.S. Bankruptcy
Court for the Western District of Washington to employ Scout & Spur
Group LLC as sales advisor to the Debtor.

North Fork Composites requires Scout & Spur to provide marketing
and sales services to the Debtor's assets, described as follows:

   (a) inventories, including work in process and finished goods;

   (b) machinery and equipment;

   (c) office furniture and equipment;

   (d) intangible assets, including intellectual property, data
       and records related to the business, customer and supplier
       lists, marketing plans, financial and technical
       information, trade secrets, know-how, ideas, designs,
       drawings, specifications, techniques, programs, systems,
       processes, and computer software, goodwill, trade names,
       Internet domain names, telephone numbers, fax numbers, e-
       mail addresses, and other similar items, together with
       associated listings and registrations, including without
       limitation the trade names "North Fork Composites" and
       "Edge Rods";

   (e) business supplies, together with the equipment and certain
       tangible personal property; and

   (f) Client's 100% membership interest in Edge Rods LLC, a
       Washington limited liability company free and clear of
       liens, claims, and interests.

Scout & Spur will be paid a $7,500 non-refundable work fee, with an
additional $7,500 qualified offer fee payable if a qualified offer
is obtained.

Scout & Spur will also be a 10% success fee.

Benjamin J. Brickweg, member of Scout & Spur Group LLC, assured the
Court that the firm is a "disinterested person" as the term is
defined in Section 101(14) of the Bankruptcy Code and does not
represent any interest adverse to the Debtor and its estates.

Scout & Spur can be reached at:

     Benjamin J. Brickweg
     SCOUT & SPUR GROUP LLC
     9191 Sheridan Blvd, Suite 300
     Westminster, CO 80031
     Tel: (303) 253-4557

                       About North Fork Composites

North Fork Composites LLC, a/k/a Edge Rods LLC, filed a Chapter 11
petition (Bankr. W.D. Wash. Case No. 16-44188) on Oct. 7, 2016. The
petition was signed by Alex Maslov, manager. The Debtor is
represented by Thomas W. Stilley, Esq., at Sussman Shank LLP. At
the time of filing, the Debtor estimated assets at $100,000 to
$500,000 and liabilities at $1 million to $10 million.



NORTHERN BLIZZARD: Moody's Lowers Corporate Family Rating to B3
---------------------------------------------------------------
Moody's Investors Service downgraded Northern Blizzard Resources
Inc.'s Corporate Family Rating (CFR) to B3 from B2, the Probability
of Default Rating to B3-PD from B2-PD and the senior unsecured
notes rating to Caa1 from B3. The Speculative Grade Liquidity
Rating was raised to SGL-2 from SGL-3. Moody's also changed the
outlook to stable from negative.

"The downgrade of Northern Blizzard reflects the CAD75 million
share repurchase program that will be funded with a combination of
asset sales and cash that will decrease the company's already small
production base," said Paresh Chari, Moody's Assistant Vice
President. "As well, the increase in cash dividends will weaken the
company's retained cash flow to debt metric in 2017."

Northern Blizzard Resources Inc.

Downgrades:

   -- Probability of Default Rating, Downgraded to B3-PD from
      B2-PD

   -- Corporate Family Rating, Downgraded to B3 from B2

   -- Senior Unsecured Regular Bond/Debenture, Downgraded to
      Caa1(LGD5) from B3(LGD5)

Upgrades:

   -- Speculative Grade Liquidity Rating, Upgraded to SGL-2 from
      SGL-3

Outlook Actions:

   -- Outlook, Changed To Stable From Negative

RATINGS RATIONALE

Northern Blizzard's B3 Corporate Family Rating (CFR) reflects
Northern Blizzard's small size, expected production decline in 2017
due to the asset dispositions in Q4 2016, increased cash dividend
that weakens retained cash flow to debt, and the CAD75 million
share repurchase in Q1 2017 funded with a combination of the asset
dispositions and cash. The concentration in heavy oil, that comes
from mature fields in western Saskatchewan that mostly require
enhanced oil recovery (EOR) in order to increase production,
exposes the company to volatile light/heavy oil differentials. The
EOR developments include water flooding, polymer flooding and
thermal projects that require a significant amount of development
capital and entail higher operating expenses than conventional
primary production. These high operating costs are somewhat offset
by a low corporate decline rate of around 15%. The rating also
reflects solid leverage (debt to EBITDA of about 3x; retained cash
flow/debt of about 18%), good liquidity and the expectation of
break-even free cash flow in 2017.

Northern Blizzard's SGL-2 rating reflects good liquidity through
2017. As of September 30, 2016 and pro-forma for the recently
announced asset sales, Northern Blizzard had about CAD115 million
cash, although the CAD75 million share repurchase program will
decrease cash to CAD40 million and we expect break-even free cash
flow in 2017. The company also has full availability under its
CAD285 million borrowing base revolving credit facility, which will
term out in July 2017 and mature one year later. We expect Northern
Blizzard will be well within compliance with its two financial
covenants over the next year. There are no other debt maturities in
the next two years. Alternate liquidity is limited given that
substantially all of the company's assets are pledged under the
revolver.

In accordance with Moody's Loss Given Default (LGD) Methodology,
the senior unsecured notes are rated Caa1, one notch below the CFR,
reflecting the priority ranking of the CAD285 million borrowing
base revolving credit facility in the capital structure.

The stable outlook reflects Moody's expectation that Northern
Blizzard will maintain solid credit metrics and good liquidity in
2017.

The ratings could be upgraded if Northern Blizzard can grow its
production above 20,000 boe/d, while maintaining retained cash flow
to debt above 25% (23% at September 30, 2016) and an LFCR above 1x
(0.5x September 30, 2016).

The ratings could be downgraded if retained cash flow to debt was
likely to fall well below 10%, EBITDA to interest was likely to
decline below 2x or if liquidity worsened.

Northern Blizzard is a Calgary, Alberta-based exploration and
production company that produces roughly 16,000 boe/day (net of
royalties) of which about 95% is heavy oil from mature fields in
western Saskatchewan.

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


NORTHSTAR OFFSHORE: Seeks to Hire CR3 Partners, Appoint CRO
-----------------------------------------------------------
Northstar Offshore Group, LLC has filed an application seeking
approval from the U.S. Bankruptcy Court for the Southern District
of Texas to hire CR3 Partners, LLC and designate Donald Martin as
chief restructuring officer.

Mr. Martin will oversee the Debtor's Chapter 11 process and will
report directly to its Board of Managers.  In addition to the
"ordinary course" duties of a CRO, Mr. Martin, together with other
CR3 personnel, will provide these services:

     (a) identify liquidity needs and implement a modified cash
         management program with the Debtor's management;

     (b) identify and implement expense reduction opportunities
         with the Debtor's management;

     (c) interact with the Debtor's customers and vendors;

     (d) assess the Debtor's business plan and identify areas of  
         opportunity and risk;

     (e) deliver reports and findings to the Debtor's
         stakeholders;

     (f) assist the Debtor's management with the development of a
         reorganization strategy and plan for such reorganization;

     (g) provide assistance in the implementation of court orders;

     (h) provide information and analysis required pursuant to the

         Debtor's usage of cash collateral and, as needed, post-
         petition and exit financing;

     (i) prepare financial disclosures as may be required by the
         court, including the Debtor's schedule of assets and
         liabilities, statement of financial affairs, and monthly
         operating reports;

     (j) identify executory contracts and leases and perform
         cost/benefit evaluations with respect to the assumption
         or rejection of each as necessary;

     (k) participate in claims processing, analysis, and          
         reporting, including plan classification modeling and
         claims estimation;

     (l) render testimony regarding any of the matters to which
         the CR3 personnel are providing services;

     (m) prepare information and analysis necessary for the
         confirmation of a plan of reorganization; and

     (n) implement a Chapter 11 plan of reorganization.

The hourly rates charged by the firm are:

     Donald Martin          $550
     Todd Bearup            $350
     Evan Plemenos          $350
     Andrew McCleneghan     $250

Mr. Martin disclosed in a court filing that his firm is a
"disinterested person" as defined in section 101(14) of the
Bankruptcy Code.

The firm can be reached through:

     Donald R. Martin
     CR3 Partners, LLC
     13727 Noel Road, Suite 200
     Dallas, TX  75240
     Phone: 1-800-728-7176
     Fax: 214-276-1417

                 About Northstar Offshore Group

Northstar Offshore Group, LLC is an independent oil and gas
exploration and production company that focuses on acquisition and
recompletion, development drilling, and low-risk exploration in the
waters of the Gulf of Mexico.

Three creditors filed an involuntary Chapter 11 petition against
Northstar Offshore Group on August 12, 2016.  The petitioning
creditors are Montco Oilfield Contractors, LLC, Alliance Offshore,
LLC, and Alliance Energy Services, LLC.  The creditors are
represented by DLA Piper (US) LLP.  

On December 2, 2016, the Debtor agreed to convert the involuntary
case to a voluntary case by filing a voluntary Chapter 11 petition
(Bankr. S. D. Texas Case No. 16-34028).  

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


NORTHSTAR OFFSHORE: Seeks to Hire M1 Energy as Investment Banker
----------------------------------------------------------------
Northstar Offshore Group, LLC seeks approval from the U.S.
Bankruptcy Court for the Southern District of Texas to hire an
investment banker.

The Debtor proposes to hire M1 Energy Capital Management, LLC to
provide these services:

     (a) assist the Debtor in the assessment of risks and the
         development of commercial terms and conditions for
         contracts with external entities relating to its
         reorganization;

     (b) assist the Debtor in the evaluation of ownership
         structures to ensure and maximize capitalization;

     (c) review and evaluate potential sources of capital and
         assist the Debtor in the development of a capitalization
         plan;

     (d) assist the Debtor in preparing necessary transaction and
         solicitation materials in order to raise capital and
         coordinate any presentations to potential investors and
         lenders;

     (e) assist the Debtor in discussions and negotiations with
         investors, industry partners, banks and other financial
         institutions regarding terms and conditions relating to
         its reorganization;

     (f) solicit a wide spectrum of appropriate potential sources
         of capital for the Debtor, including private equity,
         mezzanine debt providers, and selected qualified buyers;

     (g) provide testimony and render financial services as
         necessary and mandated by the court during the Chapter 11

         case;

     (h) review and analyze the Debtor's business, operations, and

         financial projections;

     (i) assist in the determination of a range of values for the
         Debtor on a going-concern basis;

     (j) advise the Debtor on tactics and strategies for
         negotiating with concerned parties in its bankruptcy
         case;

     (k) render financial advice to the Debtor and participate in
         meetings or negotiations with concerned parties;

     (l) advise the Debtor on the timing, nature, and terms of new

         securities, other considerations, or other inducements
         that might be offered pursuant to its reorganization;

     (m) assist the Debtor in preparing documentation within M1
         Energy's area of expertise; and

     (n) attend meetings of the Debtor's Board of Managers.

Aside from a $40,000 fee for its services, M1 Energy will also
receive these fees:

     (i) a fee in the amount of 3.5% of the first $50 million of
         funds committed to the Debtor, to be reduced to 2% for
         funds above $50 million, in the event of an equity
         financing;

    (ii) a fee in the amount of 1% of the total funds committed to

         the Debtor in the event of a senior debt financing;

   (iii) a fee of 1.75% of the total funds committed to the Debtor

         in the event of a capital raise from Sandton Capital
         Partners;

    (iv) a fee equal to $500,000 upon the consummation of any
         restructuring completed outside or inside a Chapter 11
         filing.

Richard Bernardy, M1 Energy managing partner, disclosed in a court
filing that the firm is a "disinterested person" as defined in
section 101(14) of the Bankruptcy Code.

The firm can be reached through:

     Richard A. Bernardy
     M1 Energy Capital Management, LLC
     11 Greenway Plaza, Suite 2800
     Houston, TX 77046
     Phone: 713-300-1422

                 About Northstar Offshore Group

Northstar Offshore Group, LLC is an independent oil and gas
exploration and production company that focuses on acquisition and
recompletion, development drilling, and low-risk exploration in the
waters of the Gulf of Mexico.

Three creditors filed an involuntary Chapter 11 petition against
Northstar Offshore Group on August 12, 2016.  The petitioning
creditors are Montco Oilfield Contractors, LLC, Alliance Offshore,
LLC, and Alliance Energy Services, LLC.  The creditors are
represented by DLA Piper (US) LLP.  

On December 2, 2016, the Debtor agreed to convert the involuntary
case to a voluntary case by filing a voluntary Chapter 11 petition
(Bankr. S. D. Texas Case No. 16-34028).  

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


NORTHSTAR OFFSHORE: Taps Diamond McCarthy as Legal Counsel
----------------------------------------------------------
Northstar Offshore Group, LLC seeks approval from the U.S.
Bankruptcy Court for the Southern District of Texas to hire legal
counsel in connection with its Chapter 11 case.

The Debtor proposes to hire Diamond McCarthy LLP to give legal
advice regarding its duties under the Bankruptcy Code, assist in
obtaining approval to use cash collateral, negotiate with
creditors, assist in the preparation of a bankruptcy plan, and
provide other legal services.

The standard hourly rates charged by the firm range from $365 to
$725 for partners and counsel, $265 to $320 for associates, and
$140 to $260 for paralegals and support staff.

The Diamond McCarthy attorneys and paraprofessional who will be
providing the primary legal services are:

     Kyung Lee                 $650
     Charles Rubio             $400
     Christopher Murray        $400
     Paralegals          $160 - 260

Mr. Lee disclosed in a court filing that his firm is a
"disinterested person" as defined in section 101(14) of the
Bankruptcy Code.

The firm can be reached through:

     Kyung S. Lee, Esq.
     Diamond McCarthy LLP
     909 Fannin, 15th Floor
     Two Houston Center
     Houston, TX 77010
     Office: 713-333-5125
     Cell: 713-301-4751

                 About Northstar Offshore Group

Northstar Offshore Group, LLC is an independent oil and gas
exploration and production company that focuses on acquisition and
recompletion, development drilling, and low-risk exploration in the
waters of the Gulf of Mexico.

Three creditors filed an involuntary Chapter 11 petition against
Northstar Offshore Group on August 12, 2016.  The petitioning
creditors are Montco Oilfield Contractors, LLC, Alliance Offshore,
LLC, and Alliance Energy Services, LLC.  The creditors are
represented by DLA Piper (US) LLP.  

On December 2, 2016, the Debtor agreed to convert the involuntary
case to a voluntary case by filing a voluntary Chapter 11 petition
(Bankr. S. D. Texas Case No. 16-34028).  

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


OAK CREEK: Secured Creditor To Be Paid in Full
----------------------------------------------
Oak Creek Plaza, L.L.C., filed with the U.S. Bankruptcy Court for
the Northern District of Illinois a third amended disclosure
statement in conjunction with its third amended plan of
reorganization, a full-text copy of which is available at:

      http://bankrupt.com/misc/ilnb16-16324-109.pdf 

The plan provides that within 10 business days of the closing on
Debtor’s Assets, pursuant to the Amended Bidding Procedures :

   (i) the secured creditor Thrivent Financial for Lutherans will
be paid the full amount of the debt for which the Debtor has
recourse liability as determined by this Court (if Thrivent is not
the successful bidder) and if Thrivent is the successful bidder the
amount which Thrivent must give credit for; and

  (ii) all the other creditors will be paid by the Debtor within 90
days of Confirmation.  No consideration will be paid to the limited
liability Debtor or any of its members. However, the Debtor will
remain in existence and will be able to return to its business of
managing real estate projects for third parties.

The plan provides for distributions to the holders of allowed
claims from the sale of its Commercial Real Estate and funds
produced by its principal.

                About Oak Creek Plaza

Since its original organization in 1998 through 2014, Oak Creek
Plaza, L.L.C., was retained to manage commercial real estate
projects for owners and as a court appointed receiver.  When
foreclosure litigation was commenced in 2014 against the Debtor by
Thrivent Financial for Lutherans, the Debtor was forced to cease
performing management services for others. 

The Debtor filed a Chapter 11 petition (Bankr. N.D. Ill. Case No.
16-16324) on May 13, 2016.  The petition was signed by Ronald L.
Boorstein, managing partner.  The Debtor is represented by Paul
M.
Bach, Esq., at Bach Law Offices.  The case is assigned to Judge
Jacqueline P. Cox.  The Debtor estimated assets and liabilities
at
$1 million to $10 million at the time of the filing.


OFFICE DEPOT: S&P Withdraws 'B-' CCR at Issuer's Request
--------------------------------------------------------
S&P Global Ratings withdrew its 'B-' corporate credit rating on
Boca Raton, Fla.-based Office Depot Inc. at the issuer's request.


OPTIMA SPECIALTY: S&P Lowers CCR to 'D' on Ch. 11 Filing
--------------------------------------------------------
S&P Global Ratings said it lowered its corporate credit rating on
Optima Specialty Steel Inc. to 'D' from 'CC'.

At the same time, S&P lowered its issue-level ratings on the
company's secured debt to 'D' from 'CCC' and on its unsecured debt
to 'D' from 'C'.

The downgrade follows Optima's announcement that it filed a
voluntary petition for reorganization under Chapter 11 after the
company failed to refinance its debt maturing on Dec. 15 and Dec
30, 2016.

Optima's secured notes had approximately $161 million of principal
outstanding ($175 million issued) and its unsecured notes had $85
million of principal outstanding as of the end of the third quarter
of 2016.



ORANGE PEEL: Hires Mark Terry as Intellectual Property Counsel
--------------------------------------------------------------
Orange Peel Enterprises, Inc., seeks authority from the U.S.
Bankruptcy Court for the Southern District of Florida to employ
Mark Terry, P.A. as special intellectual property counsel to the
Debtor.

Orange Peel requires Terry to represent the Debtor at the U.S.
Patent and Trademark Office for trademark registrations, including
filing of a Change of Correspondence Address form and a Revocation
of Attorney and Appointment of Attorney form for each of the
trademark registrations.

Terry will be paid a flat fee of $2,000.

Mark Terry, member of Mark Terry, P.A., assured the Court that the
firm is a "disinterested person" as the term is defined in Section
101(14) of the Bankruptcy Code and does not represent any interest
adverse to the Debtor and its estates.

Terry can be reached at:

     Mark Terry, Esq.
     MARK TERRY, P.A.
     801 Brickell Ave. Suite 900
     Miami, FL 33131
     Tel: (786) 443-7720
     Fax: (786) 513-0381

                       About Orange Peel

Orange Peel Enterprises, Inc. dba GREENS+, based in Vero Beach,
Fla., filed a Chapter 11 bankruptcy petition (Bankr. S.D. Fla. Case
No. 16-21023) on August 9, 2016. The petition was signed by Jude A.
Deauville, CEO. The Hon. Erik P. Kimball presides over the case.
Bradley S. Shraiberg, Esq., at Shraiberg Ferrara Landau & Page PA,
as bankruptcy counsel. In its petition, the Debtor estimated $1
million to $10 million in assets and $100 million to $500 million
in liabilities.

The Office of the U.S. Trustee on Sept. 23 disclosed in a court
filing that no official committee of unsecured creditors has been
appointed in the Chapter 11 case of Orange Peel Enterprises, Inc.



OUTBOUND GROUP: Seeks to Hire Stevenson & Bullock as Legal Counsel
------------------------------------------------------------------
The Outbound Group, Inc. and Mt. Carmel Leasing, LLC seek approval
from the U.S. Bankruptcy Court for the Eastern District of Michigan
to hire legal counsel.

The Debtors propose to hire Stevenson & Bullock, PLC to give advice
regarding their duties under the Bankruptcy Code and provide other
legal services related to their Chapter 11 cases.

The hourly rates charged by the firm for its attorneys range from
$200 to $400.  Paralegals and legal assistants are paid between $50
and $100 per hour.

All members of Stevenson & Bullock do not hold any interest adverse
to the Debtors' bankruptcy estates, and are "disinterested persons"
as defined in section 101(14) of the Bankruptcy Code.

The firm can be reached through:

     Elliot G. Crowder, Esq.
     Stevenson & Bullock, PLC
     26100 American Drive, Suite 500
     Southfield, MI 48034
     Phone: (248) 354-7906
     Fax: (248) 354-7907
     Email: ecrowder@sbplclaw.com

                    About The Outbound Group

The Outbound Group, Inc. and Mt. Carmel Leasing, LLC sought
protection under Chapter 11 of the Bankruptcy Code (Bankr. E. D.
Mich. Lead Case No. 16-55971) on November 29, 2016.  The petition
was signed by Harry J. Zoccoli, III, shareholder.  

The cases are assigned to Judge Phillip J. Shefferly.

At the time of the filing, Outbound Group estimated assets of less
than $50,000 and liabilities of $1 million to $10 million.  Mt.
Carmel estimated both assets and liabilities of less than $50,000.


P3 FOODS: Has Until Jan. 11 to Use Cash Collateral
--------------------------------------------------
Judge Donald R. Cassling of the U.S. Bankruptcy Court for the
Northern District of Illinois authorized P3 Foods, LLC, to use
Element Financial Corp.'s cash collateral on an interim basis until
Jan. 11, 2017.

Element Financial has a first priority, perfected security interest
in all the Debtor's personal property.  Element Financial asserts a
secured claim in the amount of $689,966 as of the Petition Date.

The approved Budget for the period Dec. 5, 2016 to Jan. 4, 2017,
provided for total expenses in the amount of $1,175,026.

Pursuant to the Interim Order, Element Financial is granted
postpetition replacement liens to the same extent and with the same
priority as held prepetition on the same type of assets.  Element
Financial was also granted a claim pursuant to Sections 503(b) and
507(b) of the Bankruptcy Code which will have priority over all
other claims, except quarterly fees due to the United States
Trustee.

The Debtor is directed to make an adequate protection payment to
Element Financial in the amount of $16,428, which was prepaid on
Nov. 17, 2016.

20/20 Franchisee Funding LLC, Leaf Capital Funding LLC, and
American Express Bank FSB were granted a postpetition replacement
lien, to the same extent and with the same priority as held
prepetition, on the same type of asset.  

The Debtor is directed to make the following payments on or before
Dec. 13, 2016:

     20/20 Franchisee Funding LLC: $4,835
     American Express: $7,802
     Leaf Capital Funding: $797

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

A full-text copy of the Interim Order, dated Dec. 13, 2016, is
available at http://bankrupt.com/misc/P3Foods2016_1632021_74.pdf

                   About P3 Foods, LLC

P3 Foods, LLC, operates nine Burger King franchises in Minneapolis,
Minnesota.  P3 Foods filed a chapter 11 petition (Bankr. N.D. Ill.
Case No. 16-32021) on Oct. 6, 2016.  The case is assigned to Judge
Donald Cassling.  The Debtor is represented by Richard L. Hirsh,
Esq., at Richard L. Hirsh, P.C.

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


PACIFIC DRILLING: Six Resolutions Passed at Extraordinary Meeting
-----------------------------------------------------------------
Pacific Drilling S.A. held an extraordinary general meeting on Dec.
6, 2016, at which these resolutions were adopted:

  1. Acknowledgement of the resignation of Mr. Elias Sakellis (the
     Vacancy) with effect on Oct. 27, 2016, and granting of
     discharge to him for the exercise of his mandate as director
     of the Company;

  2. Ratification of the co-optation of Antoine Bonnier, who was
     appointed by the Board on Oct. 31, 2016, as a member of the
     Board to fill the vacancy on a provisional basis until the
     next general meeting, pursuant to article 7.1(vi) of the
     articles of association (the Articles) of the Company and
     further appointment to serve as a member of the Board for a
     term ending at the annual general meeting of the Company to
     be held in 2017;

  3. Increase of the size of the Board from 9 to 11 members;

  4. Appointment of Matthew Samuels to serve as a new member of
     the Board for a term ending at the annual general meeting of
     the Company to be held in 2017;

  5. Appointment of Scott N. Fine to serve as a new member of the
     Board for a term ending at the annual general meeting of the
     Company to be held in 2017; and
  
  6. Authorization that any one director of the Company and/or any
     employee of Centralis (Luxembourg) and/or any lawyer of the
     law firm Wildgen, Partners in Law, with offices in Luxembourg

     be, and each of them acting alone and with full power of
     substitution, hereby is, authorized and empowered, for and on
     behalf of the Company, to take such action and execute any
     such documents as may be required or useful for the
     implementation of the resolutions to be taken on the basis of

     the present agenda and in particular to proceed to any
     required filing or publication in Luxembourg as well as in
     the United State of America or any other jurisdiction where
     necessary and ratify any action taken by any Authorized
     Person with respect to the EGM (including only for the
     Authorized Persons who are directors of the Company, the
     approval of the final documents and execution of the
     convening notices for the EGM).

                     About Pacific Drilling

Based in Luxembourg, Pacific Drilling S.A. (NYSE:PACD) is an
international offshore drilling contractor.  The Company's primary
business is to contract its high-specification rigs, related
equipment and work crews, primarily on a day rate basis, to drill
wells for its clients.  The Company's contract drillships operate
in the deepwater regions of the United States, Gulf of Mexico and
Nigeria.

As of Sept. 30, 2016, Pacific Drilling had $5.89 billion in total
assets, $3.19 billion in total liabilities and $2.70 billion in
total shareholders' equity.

Pacific Drilling reported net income of $126.2 million in 2015,
net income of $188.3 million in 2014 and net income of $25.50
million in 2013.

                         *     *     *

In October 2016, Moody's Investors Service downgraded Pacific
Drilling's Corporate Family Rating to 'Caa3' from 'Caa2' and
Probability of Default Rating (PDR) to 'Caa3-PD' from 'Caa2-PD'.
"PacDrilling's ratings downgrade reflects our extremely negative
view of the offshore drilling sector with no near term signs of
improvement.  Depressed prices for the offshore drillships offers
weak asset coverage for PacDrilling's overall debt.  With no
material signs of improving contract coverage or utilization for
PacDrilling's drillships, cashflow through 2017 will be severely
impacted resulting in an unsustainable capital structure," said
Sreedhar Kona, Moody's senior analyst.

In November 2016, S&P Global Ratings lowered its corporate credit
rating on Pacific Drilling S.A. to 'CCC-' from 'CCC+'.  "The
downgrade reflects our expectation of limited activity in
deep-water offshore drilling due to continued low oil prices, and
the negative impact on Pacific Drilling's expected cash flows to
support high debt levels and upcoming maturities," said S&P Global
Ratings credit analyst Michael Tsai.


PALISADES PARK: Seeks to Hire Hyun Ju Lee as Realtor
----------------------------------------------------
Palisades Park Plaza LLC seeks approval from the U.S. Bankruptcy
Court for the District of New Jersey to hire a realtor.

The Debtor proposes to hire Hyun Ju Lee to market its real property
located at 500 Tenth Street, Palisades Park, New Jersey.  The
realtor will receive a commission of 5% of the sales price.

Hyun Ju Lee disclosed in a court filing that she does not hold or
represent any interest adverse to the Debtor's bankruptcy estate,
and that she is "disinterested" as defined in section 101(14) of
the Bankruptcy Code.

                      About Palisades Park

Palisades Park Plaza LLC sought protection under Chapter 11 of the
Bankruptcy Code in the District of New Jersey (Newark) (Case No.
15-32649) on December 1, 2015.  The petition was signed by Chang
Dong Kim, president.

The case is assigned to Judge Stacey L. Meisel.  The Debtor is
represented by John W. Sywilok LLC.

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


PARAGON OFFSHORE: Wants Plan Filing Period Moved to January 16
--------------------------------------------------------------
Paragon Offshore plc and its affiliated debtors request the U.S.
Bankruptcy Court for the District of Delaware to  extend: (a) the
exclusive period during which the Debtor may file its plan of
reorganization, through and including January 16, 2017 and (b) the
exclusive period to obtain acceptances of its plan through and
including March 16, 2017.

The Debtors relate that they continue to make good faith progress
towards reorganizing, including stabilizing their businesses,
reaffirming relationships with key suppliers and service providers,
implementing cost-reduction measures, and generally administering
the chapter 11 cases efficiently and economically. Importantly, the
Debtors have also been engaged in a series of discussions with
senior secured revolver and term loan agents and lenders, the ad
hoc group of unsecured noteholders, and their respective
professionals, concerning the its business plan and formulation of
a chapter 11 plan.

The Debtors also relate that they have filed a motion to establish
an unsecured claims bar date, which is set for hearing on December
20, 2016.  Accordingly, the Debtors have used the current Exclusive
Periods constructively and deserve an extension to continue efforts
to formulate a consensual chapter 11 plan.

A hearing on the Debtors' motion will be held on Jan. 13, 2017 at
10:00 a.m.  Any objections to the motion must be filed by Dec. 28,
2016.


                 About Paragon Offshore

Paragon Offshore plc -- http://www.paragonoffshore.com/-- is a
global provider of offshore drilling rigs.  Paragon's operated
fleet includes 34 jackups, including two high specification heavy
duty/harsh environment jackups, and six floaters (four drillships
and two semi-submersibles).  Paragon's primary business is
contracting its rigs, related equipment and work crews to conduct
oil and gas drilling and workover operations for its exploration
and production customers on a dayrate basis around the world.
Paragon's principal executive offices are located in Houston,
Texas.  Paragon is a public limited company registered in England
and Wales and its ordinary shares have been trading on the
over-the-counter markets under the trading symbol "PGNPF" since
December 18, 2015.

Paragon Offshore Plc, et al., filed Chapter 11 bankruptcy Petitions
(Bankr. D. Del. Case Nos. 16-10385 to 16-10410) on Feb. 14, 2016,
after reaching a deal with lenders on a reorganization plan that
would eliminate $1.1 billion in debt.

The petitions were signed by Randall D. Stilley as authorized
representative.  Judge Christopher S. Sontchi is assigned to the
cases.

The Debtors reported total assets of $2.47 billion and total debt
of $2.96 billion as of Sept. 30, 2015.

The Debtors engaged Weil, Gotshal & Manges LLP as general counsel,
Richards, Layton & Finger, P.A. as local counsel, Lazard Freres &
Co. LLC as financial advisor, Alixpartners, LLP as restructuring
advisor, and Kurtzman Carson Consultants as claims and noticing
agent.


PEABODY ENERGY: Plan Exclusivity Deadline Moved to Feb. 13
----------------------------------------------------------
Judge Barry S. Schermer of the U.S. Bankruptcy Court for the
Eastern District of Missouri extended the periods during which
Peabody Energy Corporation and certain of its subsidiaries have the
exclusive right to file a plan of reorganization and to solicit
acceptances of such plan, through and including February 13 and
March 17, 2017, respectively.

The Troubled Company Reporter had earlier reported that the Debtors
sought exclusivity extension, contending that since the
commencement of their chapter 11 cases, they have been focused on
stabilizing their operations, developing a restructuring plan that
maximizes value for stakeholders and ensures a viable company
post-emergence and negotiating the contours of the plan with their
major creditor constituencies.  

                    About Peabody Energy Corporation

Headquartered in St. Louis, Missouri, Peabody Energy Corporation
claims to be the world's largest private-sector coal company.  As
of Dec. 31, 2014, the Company owned interests in 26 active coal
mining operations located in the United States (U.S.) and
Australia.  The Company has a majority interest in 25 of those
mining operations and a 50% equity interest in the Middlemount Mine
in Australia.  In addition to its mining operations, the Company
markets and brokers coal from other coal producers, both as
principal and agent, and trade coal and freight-related contracts
through trading and business offices in Australia, China, Germany,
India, Indonesia, Singapore, the United Kingdom and the U.S.

Peabody posted a net loss of $1.988 billion for 2015, wider from
the net loss of $777 million in 2014 and the $513 million net loss
in 2013.

At Dec. 31, 2015, the Company had total assets of $11.02 billion
against $10.1 billion in total liabilities, and stockholders'
equity of $919 million.

On April 13, 2016, Peabody Energy Corp. and 153 affiliates filed
voluntary petitions for relief under Chapter 11 of the United
States Bankruptcy Code.  The 154 cases are pending joint
administration before the Honorable Judge Barry S. Schermer under
(Bankr. E.D. Mo. Case No. 16-42529).

As of the Petition Date, PEC has approximately $4.3 billion in
outstanding secured debt obligations and $4.5 billion in
outstanding unsecured debt obligations.

The Debtors tapped Jones Day as general counsel; Armstrong,
Teasdale LLP as local counsel; Lazard Freres & Co. LLC and
investment banker Lazard PTY Limited as investment banker; FTI
Consulting, Inc., as financial advisors; and Kurtzman Carson
Consultants, LLC, as claims, ballot and noticing agent.

The Office of the U.S. Trustee on April 29, 2016, appointed seven
creditors of Peabody Energy Corp. to serve on the official
committee of unsecured creditors.  The Committee retained Morrison
& Foerster LLP as counsel, Spencer Fane LLP as local counsel,
Curtis, Mallet-Prevost, Colt & Mosle LLP as conflicts counsel,
Blackacre LLC as its independent expert, and Berkeley Research
Group, LLC, as financial advisor.


PET CAFE: Seeks to Hire Van Horn Law Group as Legal Counsel
-----------------------------------------------------------
Pet Cafe, Inc. seeks approval from the U.S. Bankruptcy Court for
the Southern District of Florida to hire legal counsel in
connection with its Chapter 11 case.

The Debtor proposes to hire Van Horn Law Group, P.A. to give legal
advice regarding its duties under the Bankruptcy Code, negotiate
with creditors in the preparation of a bankruptcy plan, and provide
other legal services.

Chad Van Horn, Esq., disclosed in a court filing that his firm does
not represent any interest adverse to the Debtor or its bankruptcy
estate.

The firm can be reached through:

     Chad Van Horn, Esq.
     Van Horn Law Group, P.A.
     330 N. Andrews Ave., Suite 450
     Fort Lauderdale, FL 33301-1012
     Phone: (954) 765-3166
     Email: chad@cvhlawgroup.com

                          About Pet Cafe

Pet Cafe, Inc. sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. S.D. Fla. Case No. 16-26067) on December 1, 2016.  The
petition was signed by Eli R. Kamholtz, chief operating officer.  

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


PETER OZOH: Hearing on Disclosures Set For Jan. 12
--------------------------------------------------
The U.S. Bankruptcy Court for the Eastern District of Virginia has
scheduled for Jan. 12, 2017, at 11:00 a.m. the hearing to consider
the adequacy of the information contained in Peter O. Ozoh and
Ngozi F. Ozoh's disclosure statement filed on Nov. 23, 2016,
referring to the Debtors' plan of reorganization, also filed on
Nov. 23, 2016.

Objections to the adequacy of the information contained in the
disclosure statement must be filed on or before seven days prior to
the date of the hearing on the disclosure statement.

On or before Dec. 8, 2016, the proponent seeking approval of the
disclosure statement will prepare and mail copies of the notice of
hearing on Disclosure Statement to parties and entities as set
forth in Federal Rule of Bankruptcy Procedure 2002; a copy of the
proposed disclosure statement and plan must be mailed with the
notice of hearing only to the parties and entities as set forth in
Federal Rule of Bankruptcy Procedure 3017(a); and the original
notice containing proof of service that notice, plan and disclosure
statement were mailed to the appropriate parties and entities as
set forth in the rules will be filed with the Clerk within 7 days
of service.

As reported by the Troubled Company Reporter on Dec. 14, 2016, the
Debtors filed with the Court a first amended disclosure statement
dated Nov. 22, 2016.  Allowed Unsecured Claims will receive
quarterly pro rata distributions from the Debtors' net earnings and
rental income over a five-year period which will be distributed to
holders of allowed Unsecured Claims on a pro rata basis.  The Plan
requires that a minimum of $15,000 be distributed to Unsecured
creditors over the course of the Plan.

Peter O. Ozoh and Ngozi Frances Ozoh live in Suffolk with their
three children.  Mr. Ozoh has worked as a Chemical Engineer but is
currently unemployed, he hopes to return to work, even if it is at
a position beneath his qualification level.  Mrs. Ozoh has worked
as an appeals examiner for the Virginia Employment Commission for
the past ten years.  Additionally, the Ozohs anticipate receiving
some small amount of net positive income from the rental
properties.

The Debtors filed for Chapter 11 bankruptcy protection (Bankr.
E.D.
Va. Case No. 15-72398) on July 14, 2015.

They are represented by W. Greer McCreedy, II, Esq., at The
McCreedy Law Group, PLLC.


PETROQUEST ENERGY: Gerard Jolly Appointed as Director
-----------------------------------------------------
PetroQuest Energy, Inc. announced that Gerard J. Jolly, CPA has
been appointed by the Company's Board of Directors to serve as a
director and the Chairman of the Audit Committee.  The Company's
Board of Directors has affirmatively determined Mr. Jolly to be
independent under the listing standards of the NYSE and the rules
of the SEC.  In addition, Mr. Jolly qualifies as an audit committee
financial expert under the rules of the SEC.

Mr. Jolly was a long-time partner in the nationally recognized
accounting firm of KPMG until his retirement in 2012.  In his more
than 30 year career with KPMG, Mr. Jolly served in a variety of
roles including the firm's National Managing Partner of its
mid-market business and was a member of the firm’s Board of
Directors. As a member of the KPMG board, Mr. Jolly served as
Chairman of the Audit, Finance and Operations Committee as well as
the Nominating Committee.

Mr. Jolly is a licensed CPA and holds a B.S. in Accounting from
Louisiana State University.  He is a member of the E.J. Ourso
College of Business Hall of Distinction at Louisiana State
University, the immediate past Chairman of the Dean's Advisory
Council for the E.J. Ourso College of Business and the Chairman of
the Pennington Biomedical Research Foundation.

"We are pleased to welcome Jerry to the Board of PetroQuest," said
Charles T. Goodson, Chairman and CEO.  "His tremendous financial
and accounting background will augment not only our Board but our
entire organization.  Having someone with Jerry's distinct
qualifications and skill sets join our team is another important
achievement that we expect will pay dividends to our stakeholders
for years to come."

                       About PetroQuest

PetroQuest Energy, Inc., is an independent energy company engaged
in the exploration, development, acquisition and production of oil
and natural gas reserves in East Texas, Oklahoma, South Louisiana
and the shallow waters of the Gulf of Mexico.  PetroQuest's common
stock trades on the New York Stock Exchange under the ticker PQ.

In its quarterly report for the period ending June 30, 2016, the
Company stated, "Our substantially decreased level of capital
spending has had and is expected to continue to have a negative
impact on our production and cash flow from operating activities.
We expect production to continue to decline throughout 2016 and
when combined with current commodity prices and our existing cost
structure, including 10% interest expense on the $280 million of
debt represented by our 2017 Notes and 2021 Notes, we believe that
we will continue to incur significant losses and negative cash flow
from operating activities for the remainder of 2016.  In addition,
$136 million of the indebtedness represented by our 2017 Notes will
mature on September 1, 2017 and would be reflected as a current
liability on our September 30, 2016 balance sheet if not refinanced
prior to the filing of our Quarterly Report on Form 10-Q for the
quarterly period ended September 30, 2016, which would raise
substantial doubt about our ability to continue as a going
concern," the Company stated in its quarterly report for the period
ended June 30, 2016.

"We are evaluating additional sources of liquidity including asset
sales, joint ventures, exchange offers and alternative financing
arrangements to replace the Credit Agreement, but there is no
assurance that these sources will provide sufficient, if any,
incremental liquidity.  We are also evaluating various options to
address the September 2017 maturity of our 2017 Notes as well as
assessing our overall capital structure.  These options include
additional public or private exchanges of 2017 Notes for new
secured debt and/or common stock, refinancing the 2017 Notes with
unsecured debt and/or common stock as well as a broader
restructuring of our 2017 and 2021 Notes.  To assist the Board of
Directors and management team in evaluating these options, we have
retained Jefferies LLC and Seaport Global as our financial advisors
and Porter Hedges LLP as our legal advisor.  There is no assurance
that any refinancing or debt or equity restructuring will be
possible or that additional equity or debt financing can be
obtained on acceptable terms, if at all.  If we are unable to
improve our liquidity position, and refinance or restructure our
debt, we may seek bankruptcy protection to continue our efforts to
restructure our business and capital structure.  As a part of that
process, we may have to liquidate our assets and may receive less
than the value at which those assets are carried on our
consolidated financial statements."

As of Sept. 30, 2016, Petroquest had $174.4 million in total
assets, $411.2 million in total liabilities and a total
stockholders' deficit of $236.8 million.

                       *     *     *

PetroQuest Energy carries a 'Caa3' corporate family rating from
Moody's Investors Service.

In October 2016, S&P Global Ratings raised the corporate credit
rating on PetroQuest Energy Inc. to 'CCC' from 'SD'.  "The upgrade
reflects our reassessment of the company's corporate credit rating
following the exchange of the majority of its outstanding 10%
senior unsecured notes due September 2017 at par," said S&P Global
Ratings credit analyst Daniel Krauss.  The negative outlook
reflects the company's current debt leverage levels, which S&P
views to be unsustainable, as well as its less than adequate
liquidity position.


PHARMACOGENETICS DIAGNOSTIC: Hires Strothman as Accountant
----------------------------------------------------------
Pharmacogenetics Diagnostic Laboratory, LLC, seeks authority from
the U.S. Bankruptcy Court for the Western District of Kentucky to
employ Strothman and Company as accountant to the Debtor.

Pharmacogenetics Diagnostic requires Strothman to:

   a. assist and advise in connection with the preparation of
      necessary financial statements, monthly operating and cash
      flow statements, business plans, reports, and papers in the
      administration of the estate;

   b. assist and advise in connection with the preparation of a
      plan of reorganization and all related financial documents;

   c. perform all other necessary or desirable accounting
      services in the case;

   d. assist, as needed, with preparation for negotiations with
      the unsecured creditors' committee, including
      communications  with accountants for that committee and
      analysis of responses to restructuring and reorganization
      proposals by that committee;

   e. assist with review of the Debtor's books and records for
      potentially voidable transfers;

   f. provide general tax, financial, accounting, and management
      consultation, including analysis of debtor's current tax
      position and assistance in preparation of all necessary tax
      returns for the administrative period (filing to closing);

   g. attend at meetings as requested by the Debtor;

   h. assist in the preparation of all reports or filings
      requested by the U.S. Trustee;

   i. provide general financial consulting analyses including
      reviews of the liquidation analysis, forecasted cash flow
      and creditors' claims;

   j. provide litigation consulting services and expert witness
      testimony if necessary and requested by Debtor; and

   k. perform other services as requested by Debtor's management
      consistent with professional standards to aid the Debtor in
      its operation and reorganization.

Strothman will be paid at these hourly rates:

     Partners                               $210-$340
     Managers                               $190-$220
     Supervisors and Senior Accountants     $135-$170
     Staff                                  $80-$125
     Administrative and Paraprofessionals   $80-$140

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

William G. Meyer III, member of Strothman and Company, assured the
Court that the firm is a "disinterested person" as the term is
defined in Section 101(14) of the Bankruptcy Code and does not
represent any interest adverse to the Debtor and its estates.

Strothman can be reached at:

     William G. Meyer III
     STROTHMAN AND COMPANY
     1600 Waterfront Plaza, 325 West Main Street
     Louisville, KY 40202
     Tel: (502) 585-1600

                       About Pharmacogenetics Diagnostic

Pharmacogenetics Diagnostic Laboratory, LLC, dba PGXL Laboratories
dba PGX Laboratories, filed a Chapter 11 petition (Bankr. W.D. Ky.
Case No. 16-33404) on Nov. 8, 2016. The petition was signed by Dr.
Roland Valdes, Jr., president/CEO.

The case is assigned to Judge Thomas H. Fulton. The Debtor is
represented by Charity Bird Neukomm, Esq., at Kaplan & Partners
LLP.

The Debtor estimated assets at $500,000 to $1 million and
liabilities at $10 million to $50 million at the time of the
filing.


PHILADELPHIA PERFORMING: S&P Raises Rating on 2013 Bonds to 'BB'
----------------------------------------------------------------
S&P Global Ratings raised its rating to 'BB' from 'BB-' on
Philadelphia Authority for Industrial Development's series 2013
revenue bonds, issued for Philadelphia Performing Arts Charter
School (PPACS).  The outlook is stable

"The raised rating reflects our view of the school's robust demand,
steady liquidity, positive operating margins, moderating debt
burden, and improved maximum annual debt service coverage," said
S&P Global Ratings credit analyst Robert Tu.  "However, while
certain financial metrics are solid for the rating level and
supportive of upward rating potential, the rating is currently
constrained by the volatile funding environment affecting all
Philadelphia charter schools," Mr. Tu added.

PPACS serves students from a variety of neighborhoods throughout
Philadelphia where it began operations in 2000.  The school
specializes in the performing arts with dance, instrumental, and
vocal music lessons.  Science and language arts are also emphasized
as critical components of the curriculum.  It has had its charter
renewed three times: It's most recent renewal was in 2014, and the
charter extends through 2019.  Currently, the school serves close
to 2,552 students in kindergarten through 12th grade (K-12).


PIONEER BREAKER: Hires Bradley R. McGrew as Accountant
------------------------------------------------------
Pioneer Breaker & Control Supply, Co., seeks authority from the
U.S. Bankruptcy Court for the Western District of Texas to employ
Bradley R. McGrew, CPA as accountant to the Debtor.

Pioneer Breaker requires Bradley R. McGrew to:

   a. provide payroll tax preparation services;

   b. provide income tax preparation services; and

   c. provide accounting services including bringing the Debtor's
      records up to date.

Bradley R. McGrew will be paid at these hourly rates:

     Bradley R. McGrew             $200
     Steven P. Simmons             $100

Bradley R. McGrew will also be reimbursed for reasonable
out-of-pocket expenses incurred.

Bradley R. McGrew, member of Bradley R. McGrew, CPA, assured the
Court that the firm is a "disinterested person" as the term is
defined in Section 101(14) of the Bankruptcy Code and does not
represent any interest adverse to the Debtor and its estates.

Bradley R. McGrew can be reached at:

     Bradley R. McGrew
     BRADLEY R. MCGREW, CPA
     4425 South MoPac, Suite 501
     Austin, TX 78735
     Tel: (512) 327-1980

               About Pioneer Breaker & Control Supply, Co.

Pioneer Breaker & Control Supply, Co. filed a Chapter 11 petition
(Bankr. W.D. Tex. Case No. 16-11095), on September 21, 2016. The
Petition was signed by Elod Tamas Toldy, president. The case is
assigned to Judge Tony M. Davis. The Debtor is represented by
William T. Peckham, Esq., at the Law Office of William T. Peckham.
At the time of filing, the Debtor disclosed $501,000 in total
assets and $1.58 million in total liabilities.



PLANET MERCHANT: Creditors' Panel Hires Perry Guthery as Counsel
----------------------------------------------------------------
The Committee of Unsecured Creditors of Planet Merchant Processing,
Inc., seeks authorization from the U.S. Bankruptcy Court for the
District of Nebraska to retain Perry Guthery Haase & Gessford,
P.C., L.L.O., as counsel to the Committee.

The Committee requires Perry Guthery to render legal services as
needed throughout the course of the Chapter 11 case, focusing
primarily on resisting the Debtor's motion to sell and on other
matters which may be assigned by the Committee from time to time.

Perry Guthery will be paid at these hourly rates:

     John M. Guthery                $300
     R.J. Shortridge                $285
     Derek A. Aldridge              $285
     Other Shareholders             $285
     Associates                     $150
     Paralegals                     $90

Perry Guthery will also be reimbursed for reasonable out-of-pocket
expenses incurred.

To the best of the Committee's knowledge the firm is a
"disinterested person" as the term is defined in Section 101(14) of
the Bankruptcy Code and (a) are not creditors, equity security
holders or insiders of the Debtor; (b) have not been, within two
years before the date of the filing of the Debtor's chapter 11
petition, directors, officers or employees of the Debtor; and (c)
do not have an interest materially adverse to the interest of the
estate or of any class of creditors or equity security holders, by
reason of any direct or indirect relationship to, connection with,
or interest in, the Debtor, or for any other reason.

Perry Guthery can be reached at:

     PERRY GUTHERY HAASE & GESSFORD, P.C., L.L.O.
     233 S 13th St., Suite 1400
     Lincoln, NE 68508
     Tel: (402) 476-9200

                       About Planet Merchant

About Planet Merchant Processing, Inc., filed a Chapter 11
bankruptcy petition (Bankr. D. Neb. Case No. 16-81243) on Aug. 17,
2016. The Hon. Thomas L. Saladino presides over the case. The
petition was signed by Dennis O'Brien, president.

The Debtor estimated $1 million to $50 million in assets and
liabilities.

McGill, Gotsdiner, Workman & Lepp, P.C., L.L.O., is the Debtor's
counsel.

The U.S. Trustee has appointed an Official Committee of Unsecured
Creditors.


PLANET MERCHANT: Seeks March 31 Plan Filing Period Extension
------------------------------------------------------------
Planet Merchant Processing, Inc. asks the U.S. Bankruptcy Court for
the District of Nebraska to extend its exclusive periods for filing
a Chapter 11 plan and soliciting acceptances to the plan, through
March 31, 2016 and May 31, 2016, respectively.

The Debtor filed a proposed plan on December 15, 2016, which is
based upon a liquidation of the Debtor's Assets.  Absent an
extension, the Debtor's current Exclusivity Period would have
expired on December 16, 2016.

The Debtor filed a Motion to sell substantially all of its assets
and for the approval of bidding procedures on November 23, 2016.
The deadline to object to the Debtor's Motion is set on December
27, 2016.

The Debtor contends that if it is unable to obtain Court approval
to sell its assets, it would  need additional time to consider
other options to reorganize under Chapter 11.

           About Planet Merchant Processing, Inc.

Planet Merchant Processing, Inc., filed a Chapter 11 bankruptcy
petition (Bankr. D. Neb. Case No. 16-81243) on Aug. 17, 2016.  The
petition was signed by Dennis O'Brien, president.  The Debtor is
represented by Sam King, Esq., at McGill, Gotsdiner, Workman &
Lepp, P.C.  The case is assigned to Judge Thomas L. Saladino.  The
Debtor estimated $1 million to $50 million in assets and
liabilities.  



QUEST SOLUTION: Expects Modest Growth in Revenue in 2017
--------------------------------------------------------
Quest Solution, Inc., announced that Tom Miller, interim chief
executive officer, issued a letter to shareholders.  The text of
the letter is below:

On December 6th, the Company announced that we concluded the
transaction to spin off Quest Solution Canada Inc. to Viascan Group
Inc. with an effective date of September 30th, 2016 bringing the
Company full circle on an acquisition made in October 2015.  With
the transaction, the fully diluted number of shares was reduced by
7,039,030 with other consideration being the assumption of Canadian
liabilities by Viascan, receipt of cash, cancellation of Canadian
employment contracts and a right for Quest to receive 15% of net
proceeds, up to $2.3 million, should there be a change of control
of QSC in the future.

Canadian Acquisition Challenges

When the Canadian operations were acquired in October of 2015, the
expectation was to provide additional revenue to Quest, as well as
have a favorable impact on gross margins, expand cross border
account opportunities, increase purchasing power leverage, and
expand Quest's bar code label and media business by taking
advantage of the Canadian production facilities.  However, the
merits of the acquisition were not realized due to a lack of
working capital to adequately grow and sustain the label business,
the complexity and costs associated with integrating the Canadian
operation within Quest, a Canadian economy downturn and a slower
than planned realization of synergies.

Unwinding Quest Solution Canada (QSC) And Resultant Benefits

The resulting losses and negative cash flow from QSC was requiring
a transfer of working capital from the U.S. operations to Canada
which was not sustainable going forward given the U.S. cash
requirements for its business.  After looking at multiple options
the decision was made to sell the Canadian business back to Viascan
as being in the best interest to all stakeholders.  It allows for
the simplification of the operations and reduces cost. It also
frees up the investment which had been going into the Canadian
business to be used to accelerate debt reduction of Quest leading
to future flexibility for financial alternatives.  It refocuses the
Company and management attention on Quest's strengths in mobile
computing and data collection where the Company is a leader in the
U.S. market.  Management believes that Viascan will benefit from
the transaction and will now have greater flexibility to refocus on
its core business.  Quest retains an interest in QSC's future
success as we will be able to receive a percentage of proceeds upon
a change of control of QSC.

The Road to Success

Quest Solution, Inc. has been successful by integrating mission
critical mobile computing and data collection solutions for over
two decades for Fortune 1000 companies.  The requirements and needs
of our customers continue to evolve as they require new mobile and
wireless technologies and services to make their business more
competitive and profitable.  The result is a continuous flow of
opportunities for Quest to assist customers to evaluate, choose,
implement, and support the right mobile and data collection
solutions.  As we focus on what we do best there is more than
adequate market size, growth, and opportunity available to the
Company to succeed.

Market

The Automated Data Collection and Mobile Computing market is well
established and is a multi-billion-dollar market.  Businesses
around the world use mobile computers, bar code scanners, bar code
and mobile printers, RFID, and wireless and voice technologies
daily to continuously improve their supply chain and customer
service.  Quest is a vital partner to leading companies in Retail,
Warehousing, Manufacturing, Healthcare and Transportation and
Logistics ensuring - the right technologies, products, and services
are being implemented to generate the appropriate Return on
Investment.

Industry Outlook

The Company believes the industry outlook for Quest products and
services is strong heading into 2017.  We anticipate favorable
increases in capital investments within the industries we serve.
Consumers today are informed and impatient and want product
availability when they want it, where they want it and at the best
price.  In response Retailer's and in turn their entire Supply
Chain are implementing new mobile and data collection technologies
to be competitive and stay in front of customer requirements.  This
is the impetus behind a strong refresh and replacement cycle of
legacy mobile technology platforms that can no longer deliver on
what is needed to run the business.  All of this points to a good
year for our industry in 2017.

Business Model

Quest succeeds because companies rely on our nationwide field sales
and field system organization to bring solutions and services that
address critical application requirements within their
organization.  We put our resources close to our customers and by
working with them we find new opportunities leading to new areas of
sales growth within our account base.  Quest provides high added
value to companies because we design, find and implement the right
solution from one of our many vendors that best fits the
application requirements. Our field organization is backed up with
centralized sales administration and technical services and for
some of our larger customers we have online portals to make it more
convenient for ordering.  In 2017 we will selectively expand our
sales coverage in areas where we are underserved today.  We will
expand the use of web based customer portals and establish an
on-line platform for ordering of less complex products.

2017 Focused Objectives

Our objectives in 2017 are focusing on operational excellence and
cost reduction, addressing the balance sheet debt load and putting
together a business plan that does not require high revenue
growth.

As we look ahead to 2017 we expect modest growth in revenue with a
target of $62M - $65M.  We expect continued downward pressure on
hardware margins offset somewhat by growth in services for overall
gross margin of 19% to 22%.  We will continue our initiative of
reducing recurring operating expenses to a target of 14% to 16% of
net sales and an adjusted EBITDA target of 4% to 6% of net sales.
This plan is a remarkable turnaround from what occurred in 2016, is
realistic and puts the Company on a trend for greater success in
the future.

Debt Reduction - Plan To Accelerate

There is a need for the Company to improve the balance sheet.  In
the second half of 2016 we reduced the supplier note payable by
$3.6 million or 27%.  With the divestiture of QSC, we plan to
further accelerate payments in 2017 to reduce the supplier note by
approximately $5 million.  We are looking at other initiatives we
can take during 2017 to further strengthen the balance sheet.

Management Actions Demonstrates Business Confidence

In June 2016, management converted approximately $4.5M of
management debt to Series C Preferred Shares at a conversion rate
of one share for each $1.00 of principal and accrued but unpaid
interest due on the debt, which was significantly above the market
price of our common stock.  In the 4th quarter, to facilitate the
QSC divestiture, management pledged personal assets as collateral
to backstop the supplier note payable from a partner (Details are
in our Form 8-K,
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=11723920)

Summary

We fully understand the disappointment from the shareholders over
2016 results.  We believe however with the steps being taken that
Quest will be restored to performance levels that will increase
interest in the Company.  By going "back to the future" it best
positions the Company for success.

Thank you for your continued support,
Tom Miller
Interim CEO

Call Scheduled for Dec. 20, 2016 at 4:30 p.m. ET

Tom Miller, Interim CEO, and Joey Trombino, CFO, on Tuesday,
Dec. 20, 2016, at 4:30 p.m. EST to present on general corporate
matters and conduct a question and answer period.

To participate and view the presentation on a computer use any
browser and enter: https://join.me/360-579-943. On a phone or
tablet, launch the join.me app and enter meeting code: 360-579-943.
The call is to be recorded and made available later to those
unable to join the live meeting.

To join as audio participant:

Dial a phone number and enter access code 360-579-943#, or connect
via internet.

By phone:
United States - Los Angeles, CA +1.213.226.1066
United States - New York, NY +1.646.307.1990
United States - Hartford, CT +1.860.970.0010
United States - Camden, DE +1.302.202.5900
United States - Tampa, FL +1.813.769.0500
United States - Washington, DC +1.202.602.1295
United States - San Francisco, CA +1.415.594.5500
United States - Atlanta, GA +1.404.400.8750

                    About Quest Solution

Quest Solution, formerly known as Amerigo Energy, Inc., is a
national mobility systems integrator with a focus on design,
delivery, deployment and support of fully integrated mobile
solutions.  The Company takes a consultative approach by offering
end to end solutions that include hardware, software,
communications and full lifecycle management services.  The highly
tenured team of professionals simplifies the integration process
and delivers proven problem solving solutions backed by numerous
customer references.  Motorola, Intermec, Honeywell, Panasonic,
AirWatch, Wavelink, SOTI and Zebra are major suppliers which Quest
Solution uses in its systems.

Quest Solution reported a net loss of $1.71 million on $63.9
million of total revenues for the year ended Dec. 31, 2015,
compared to net income of $301,600 on $37.3 million of total
revenues for the year ended Dec. 31, 2014.

As of Sept. 30, 2016, Quest Solution had $42.44 million in total
assets, $51.31 million in total liabilities and a total
stockholders' deficit of $8.86 million.

The Company's auditors RBSM LLP, in Leawood, Kansas, issued a
"going concern" qualification on the consolidated financial
statements for the year ended Dec. 31, 2015, citing that the
Company has a working capital deficiency and significant
subordinated debt resulting from acquisitions.  These factors raise
substantial doubt about the Company's ability to continue as a
going concern.


QUICK CHANGE: No Distribution for Unsecureds Under Amended Plan
---------------------------------------------------------------
Quick Change Artist, LLC, filed with the U.S. Bankruptcy Court for
the Southern District of Florida its second amended disclosure
statement and accompanying second amended plan of reorganization,
dated Dec. 9, 2016.

Class I, Allowed Secured Claim of Gulf Coast Bank and Trust Co.,
assignee of Bank of America, N.A., is Impaired under the Plan.
Claim will be treated as partially secured.  Gulf Coast's Allowed
Secured Claim is $190,000.  Any stripped portion of the claim will
be treated as an Allowed General Unsecured claim under Class II of
the plan.

The Debtor has been making monthly adequate protection payments of
$1,145 since Nov. 15. 2015, and will continue to pay adequate
protection to Gulf Coast through confirmation of the Plan.  All
adequate protection payments will be applied per the loan
documents, at the creditor's discretion.

Confirmation of the Debtor's Plan will immediately entitle Gulf
Coast to turn-over of Gulf Coast's collateral, and the proceeds of
the sale of the collateral except as otherwise provided in the
Plan, without need for further order from the Court.  The Debtor
agrees to cooperate with Gulf Coast in disposing of the
collateral.

The Creditor is not entitled to post-petition attorney's fees or
interest.

Class II, Impaired under the Plan, consists of all Allowed General
Unsecured Claims, totaling approximately $1,815,597.  Claimholders
with Allowed General Unsecured Claims will receive no distribution
under the Debtor's Plan.

Payments and distributions under the Plan will be funded by
revenues generated from the Debtor's liquidation of inventory, that
will occur throughout the confirmation process, and from funds held
in counsel's trust account in the amount of $28,254 recovered from
a preference action.

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

          http://bankrupt.com/misc/flsb15-25377-244.pdf  

                   About Quick Change Artist

Quick Change Artist, LLC, based in Lake Park, Florida, filed a
Chapter 11 petition (Bankr. S.D. Fla. Case No. 15-25377) on August
26, 2015.  Hon. Paul G. Hyman, Jr. presides over the case.  In its
petition, the Debtor estimated $100,000 to $500,000 in assets and
$1 million to $10 million in liabilities.  The petition was signed
by Dominique Barteet, president.


RALSTON, NE: S&P Affirms 'BB' Rating on 2011/2012 Arena Bonds
-------------------------------------------------------------
S&P Global Ratings affirmed its 'BB' underlying rating (SPUR) on
Ralston, Neb.'s series 2011A, 2011B, 2012A, and 2012B general
obligation (GO) arena bonds and removed the rating from CreditWatch
with negative implications, where it was placed on Sept. 20, 2016.
The outlook is stable.

S&P removed the rating from CreditWatch because S&P was provided
with sufficient information to maintain our ratings on the
securities in accordance with S&P's applicable criteria and
policies.

"The rating action taken in September 2016 reflects our view of the
city's ongoing structural imbalance that is likely to persist and
reflects a materially weaker financial position stemming from its
underperforming arena.  It also reflects the need to cash-flow
borrow to cover arena expenditures and without it, the city's
short-term financial and liquidity position would be worse.  The
city's liquidity is very weak, coupled with what we view as weak
management conditions.  Furthermore, Ralston is overleveraged,
reflected in a high overall debt burden as a percentage of market
value.  The city's high debt burden will likely continue to
pressure its finances and taxing flexibility.  Should the fiscal
2016 audit show persistent financial deterioration, compounded with
the budgetary stress caused by the arena and the city's impaired
overall liquidity position with potentially reduced market access,
there could be additional downgrades," S&P said.


RELATIVITY FASHION: Objections to Investment Bankers' Fees Denied
-----------------------------------------------------------------
Judge Michael E. Wiles of the United States Bankruptcy Court for
the Southern District of New York denied the objections to the
final fee applications of PJT Partners LP (formerly Blackstone
Advisory Partners L.P.) and Houlihan Lokey Capital, Inc. --
investment banking firms that were retained in the Chapter 11 cases
of Relativity Fashion, LLC, and its debtor affiliates.

In its final application, PJT sought approval of compensation that
included a transaction fee of $4.5 million.  This amount represents
an agreed-upon reduction from the $5 million transaction fee that
was set forth in the retention agreement.  Objections to the PJT
application were filed by the fee examiner, Robert Keach, and by
Relativity Secured Lender, LLC.  Keach and RSL objected to the
transaction fee sought by PJT.

Houlihan sought compensation that included a transaction fee of $5
million.  Keach and RSL, joined by a debtor, Relativity Fashion,
LLC, also objected to the transaction fee.

Keach and RSL (and in the case of Houlihan, Relativity Fashion)
contended:

     -- That PJT did not fulfill the contractual conditions to    

        the payment of the transaction fee that it seeks;

     -- That the Court should review the PJT and Houlihan
        applications for reasonableness using the standards set
        forth in Section 330 of the Bankruptcy Code and not using
        the standard of review that would apply under Section
        328(a) of the Bankruptcy Code;

     -- That the applications do not satisfy the Section 330
        criteria and requirements with respect to the proposed
        transaction fees; and

     -- That the transaction fees should be denied in their        

        entirety.

No other party, including the the United States Trustee and the
Official Committee of Unsecured Creditors, objected to the
applications.

Judge Wiles explained that "it is common that an investment banker
retention includes a provision for payment of monthly fees as well
as transaction fees.  Investment bankers' main compensation is
through transaction fees.  Those fees usually are contingent on the
consummation of a transaction so that they are not paid if a
transaction does not occur.  But apart from that condition, they
often have no other requirements.  They often merely require that
the transaction occur with no other conditions whatsoever."

Judge Wiles also added that "[t]he transaction fee is not a bonus,
and there is no reason why allowance of the transaction fee should
be subject to the same standards as a request for payment of a
bonus."

Judge Wiles noted that, as to PJT, Paragraphs 2 and 6 of the
retention order, entered on September 21, 2015, made clear that the
retention of PJT was approved under Section 328(a) of the
Bankruptcy Code.  However, the judge pointed out that the PJT
retention order also said that the United States Trustee retained
all rights to respond or object to interim and final applications
on all grounds, including reasonableness pursuant to Section 330 of
the Bankruptcy Code, and that the Court retained jurisdiction to
consider any such objections by the United States Trustee on
Section 330 grounds.

Judge Wiles also pointed out that the Houlihan retention order
similarly provides for retention under Section 328(a), and it has
the same Blackstone Protocol language.  In that case, however, the
Section 330 rights were reserved not only for the United States
Trustee, but also for the Official Committee of Unsecured
Creditors.

Judge Wiles thus found that the fee examiner, RSL and Relativity
Fashion did not have rights to object pursuant to Section 330
standards, but were confined to the standard of review under
Section 328(a).

The parties have agreed that there is no issue as to the Houlihan
application if the Section 328(a) standard applies.  In the case of
PJT, the judge found that if Section 328 applies, the evidence
clearly showed that PJT has satisfied the terms of its engagement
letter, and that it is entitled to the fee that it negotiated,
subject to the reduction to which it has already agreed.

A full-text copy of Judge Wiles' December 16, 2016 opinion is
available at:

            http://bankrupt.com/misc/nysb15-11989-2194.pdf

                    About Relativity Fashion

Relativity -- http://relativitymedia.com/-- is a next-generation  

global media company engaged in multiple aspects of content
production and distribution, including movies, television, sports,
digital and music.  More than just a collection of
entertainment-related businesses, Relativity is a content engine
with the ability to leverage each of these business units,
independently and together, to create content across all mediums,
giving consumers what they want, when they want it.

Relativity Studios, the Company's largest division, has produced,
distributed or structured financing for more than 200 motion
pictures, generating more than $17 billion in worldwide box-office
revenue and earning 60 Oscar nominations.  Relativity's films
include Oculus, Safe Haven, Act of Valor, Immortals, Limitless,
and The Fighter.

Relativity Media LLC and its affiliates, including Relativity
Fashion, LLC, sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. S.D.N.Y. Case No. 15-11989) on July 30, 2015.  The
case is assigned to Judge Michael E. Wiles.

The Debtors are represented by Craig A. Wolfe, Esq., Malani J.
Cademartori, Esq., and Blanka K. Wolfe, Esq., at Sheppard Mullin
Richter & Hampton LLP, in New York; and Richard L. Wynne, Esq.,
Bennett L. Spiegel, Esq., and Lori Sinanyan, Esq., at Jones Day,
in New York.

Brian Kushner of FTI Consulting, Inc., serves as chief
restructuring officer and crisis and turnaround manager.  Luke
Schaeffer of FTI Consulting, Inc., serves as deputy CRO.

Blackstone Advisory Partners L.P. serves as the Debtors'
investment banker.  The team is led by Timothy Coleman, Senior
Managing Director, CJ Brown, Senior Managing Director, Paul
Sheaffer, Vice President, and Joseph Goldschmid, Associate.

The Debtors' noticing and claims agent is Donlin, Recano &
Company, Inc.

                          *     *     *

An investor group composed of Anchorage Capital Group, L.L.C.,
Falcon Investment Advisors, LLC and Luxor Capital Group, LP on
Oct. 21, 2015, completed its purchase of the assets of Relativity
Television.

After selling their TV business, the Debtors and CEO Ryan C.
Kavanaughfiled a proposed plan of reorganization that will allow
the Debtors to reorganize their non-TV business units with a
substantially de-levered balance sheet utilizing new equity
investments and new financing.  

Jim Cantelupe, of Summit Trail Advisors, LLC, assisted the Debtors
in raising up to $100 million of new equity to fund the Plan.

The Bankruptcy Court on Feb. 8, 2016 confirmed the Debtors' Fourth
Amended Plan.  A copy of the Fourth Amended Plan is available at
http://is.gd/wZI1gd  


RENNOVA HEALTH: Further Amends 15,000 Series H Shares Prospectus
----------------------------------------------------------------
Rennova Health, Inc., filed an amended Form S-1 registration
statement with the Securities and Exchange Commission relating to
the offering of 15,000 shares of its newly designated Series H
Convertible Preferred Stock, par value $0.01 per share, at $1,000
per share.  

The Series H Preferred Stock has a stated value of $1,000 and is
convertible into [*] shares of the Company's common stock.  The
Series H Preferred Stock does not generally have voting rights. The
common stock into which the Series H Preferred Stock is convertible
has one vote per share.

The Company's common stock is listed on The NASDAQ Capital Market
under the symbol "RNVA."  On Dec. 13, 2016, the last reported sale
price of the Company's common stock on The NASDAQ Capital Market
was $0.16 per share.  There is no established public trading market
for the Series H Preferred Stock nor does the Company intend to
apply to list the Series H Preferred Stock on any securities
exchange.  The Company said that if necessary, it may effectuate a
reverse stock split of its common stock to regain compliance with
certain Nasdaq Capital Market requirements.

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

                    https://is.gd/Lc97dw

                      About Rennova

Rennova Health, Inc., is a vertically integrated provider of a
suite of healthcare related products and services.  Its principal
lines of business are diagnostic laboratory services, and
supportive software solutions and decision support and informatics
operations services.

The Company reported a net loss attributable to the Company's
common shareholders of $36.4 million for the year ended Dec. 31,
2015, following net income attributable to the Company's common
shareholders of $2.81 million for the year ended Dec. 31, 2014.

As of Sept. 30, 2016, Rennova Health had $10.19 million in total
assets, $20.23 million in total liabilities and a total
stockholders' deficit of $10.03 million.

Rennova Health said in its annual report for the year ended Dec.
31, 2015, that "Although our financial statements have been
prepared on a going concern basis, we have recently accumulated
significant losses and have negative cash flows from operations,
which raise substantial doubt about our ability to continue as a
going concern.

"If we are unable to improve our liquidity position we may not be
able to continue as a going concern.  The accompanying consolidated
financial statements do not include any adjustments that might
result if we are unable to continue as a going concern and,
therefore, be required to realize our assets and discharge our
liabilities other than in the normal course of business which could
cause investors to suffer the loss of all or a substantial portion
of their investment."


REX ENERGY: Continued Listing Request Accepted by Nasdaq
--------------------------------------------------------
Rex Energy Corporation announced that Nasdaq has notified the
Company that it has accepted Rex Energy's request for continued
listing on the Nasdaq Capital Market.  In addition, the Company has
been granted an additional extension through June 12, 2017, to
regain compliance with Nasdaq's minimum bid price requirement.

"We would like to thank Nasdaq for the acceptance of our request
for continued listing," said Tom Stabley, Rex Energy's president
and chief executive officer.  "We will be proactive in executing
our business plan to increase our share price and obtain full
compliance with the Nasdaq listing standards."

                About Rex Energy Corporation

Headquartered in State College, Pennsylvania, Rex Energy is an
independent oil and gas exploration and production company with its
core operations in the Appalachian Basin.  The Company's strategy
is to pursue its higher potential exploration drilling prospects
while acquiring oil and natural gas properties complementary to its
portfolio.

As of Sept. 30, 2016, Rex Energy had $925.27 million in total
assets, $849.13 million in total liabilities and $76.13 million in
total stockholders' equity.

Rex Energy reported a net loss attributable to common shareholders
of $372.93 million for the year ended Dec. 31, 2015, compared to a
net loss attributable to common shareholders of $49.02 million for
the year ended Dec. 31, 2014.


ROBERT THOMAS LAMPE: Files Plan to Exit Chapter 11 Protection
-------------------------------------------------------------
Robert Thomas Lampe and his companies on Nov. 29 filed with the
U.S. Bankruptcy Court for the District of Kansas their proposed
plan to exit Chapter 11 protection.

Under the restructuring plan, Mr. Lampe, the sole officer,
director, and stockholder of Whirlwind Farms Inc. and Mariah Farms
Inc., will retain all of his capital stock in the companies.

The plan will be funded by income from the companies' continued
business operations, according to the disclosure statement, which
explains the plan.

A copy of the disclosure statement is available for free at:

                   https://is.gd/xi9uC8

The Debtors are represented by:

     David R. Klaassen, Esq.
     2649 6th Avenue
     Marquette, KS 67464
     Phone: (785) 546-2358
     Fax: (785) 546-2528
     Email: drklaassen@ks-usa.net

                    About Robert Thomas Lampe

Robert Thomas Lampe is the sole officer, director, and stockholder
of Mariah Farms Inc. and Whirlwind Farms Inc., which produce crops
and livestock near Kendall, Kansas.

Robert Thomas Lampe and his companies sought protection under
Chapter 11 of the Bankruptcy Code (Bankr. D. Kan. Case Nos.
16-10621 to 16-10623) on April 12, 2016.   On June 9, 2016, the
court ordered the joint administration of the cases.   

At the time of the filing, both companies estimated their assets
and liabilities at $1 million to $10 million.  

A three-member committee of unsecured creditors was appointed on
October 25, 2016.


RSP PROFESSIONAL: Seeks to Hire Shapiro Sher as Legal Counsel
-------------------------------------------------------------
RSP Professional Group, LLC seeks approval from the U.S. Bankruptcy
Court for the District of Maryland to hire legal counsel in
connection with its Chapter 11 case.

The Debtor proposes to hire Shapiro Sher Guinot & Sandler to give
legal advice regarding its duties under the Bankruptcy Code, pursue
claims of the bankruptcy estate, and provide other legal services.

The hourly rates charged by the firm are:

     Partners       $375 - $605
     Associates     $300 - $450
     Paralegals     $225 - $240

Richard Goldberg, Esq., disclosed in a court filing that his firm
is a "disinterested person" as defined in section 101(14) of the
Bankruptcy Code.

The firm can be reached through:

     Richard M. Goldberg, Esq.
     Shapiro Sher Guinot & Sandler
     250 West Pratt Street, Suite 2000
     Baltimore, MD 21201
     Phone: (410) 385-4274
     Fax: (410) 385-1216
     Email: rmg@shapirosher.com

                  About RSP Professional Group

RSP Professional Group, LLC sought protection under Chapter 11 of
the Bankruptcy Code (Bankr. D. Md. Case No. 16-16577) on May 13,
2016.  The petition was signed by Roger Schlossberg, Ch 7 Trustee
for Saneva Riddick Zayas, and sole member of the Debtor.  

The case is assigned to Judge Thomas J. Catliota.

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


RUE21 INC: Bank Debt Trades at 61.33% Off
-----------------------------------------
Participations in a syndicated loan under rue21 Inc. is a borrower
traded in the secondary market at 38.67 cents-on-the-dollar during
the week ended Friday, December 9, 2016, according to data compiled
by LSTA/Thomson Reuters MTM Pricing.  This represents a decrease of
4.33 percentage points from the previous weekrue21 Inc. pays 475
basis points above LIBOR to borrow under the $544 million facility.
The bank loan matures on September 20, 2020 and Moody's B2 rating
and Standard & Poor's B- rating.  The loan is one of the biggest
gainers and losers among 247 widely quoted syndicated loans with
five or more bids in secondary trading for the week ended December
9.




RXI PHARMACEUTICALS: Amends 1.3M Class A Units Prospectus with SEC
------------------------------------------------------------------
RXi Pharmaceuticals Corporation filed with the Securities and
Exchange Commission an amended Form S-1 registration statement
relating to the offering 1,348,300 Class A Units, with each Class A
Unit consisting of one share of common stock, par value $0.0001 per
share, and a warrant to purchase one share of the Company's common
stock (based on an assumed offering price per common share of
$1.78, which was the last reported sale price of the Company's
common stock on Dec. 9, 2016, which assumption is used throughout
this preliminary prospectus) at a public offering price of $___    
   per Class A Unit.  Each warrant included in the Class A Units
entitles its holder to purchase one share of common stock at an
exercise price per share of $_____.

The Company is also offering to those purchasers, whose purchase of
Class A Units in this offering would result in the purchaser,
together with its affiliates and certain related parties,
beneficially owning more than 4.99% of the Company's outstanding
common stock following the consummation of this offering, the
opportunity to purchase, in lieu of the number of Class A Units
that would result in ownership in excess of 4.99%, 9,600 Class B
Units.  Each Class B Unit will consist of warrants to purchase 561
shares of our common stock and one share of Series B Convertible
Preferred Stock, par value $0.0001 per share, convertible into 561
shares of common stock (based on an assumed offering price per
common share of $1.78, which was the last reported sale price of
the Company's common stock on Dec. 9, 2016, which assumption is
used throughout this preliminary prospectus) at a public offering
price of $1,000 per Class B Unit.  Each Class B Unit includes
warrants entitling its holder to purchase a number of shares of
common stock equal to 100% of the number of shares of common stock
issuable upon conversion of the Series B Convertible Preferred
Stock included in such units at an exercise price per share of
$____.

The Class A Units and Class B Units have no stand-alone rights and
will not be certificated or issued as stand-alone securities.  The
shares of common stock, Series B Convertible Preferred Stock and
warrants comprising those units are immediately separable and will
be issued separately in this offering.  The underwriters have the
option to purchase additional shares of common stock, and/or
warrants to purchase shares of common stock solely to cover
over-allotments, if any, at the price to the public less the
underwriting discounts and commissions.  The over-allotment option
may be used to purchase shares of common stock, or warrants, or any
combination thereof, as determined by the underwriters, but such
purchases cannot exceed an aggregate of 15% of the number of shares
of common stock (including the number of shares of common stock
issuable upon conversion of shares of Series B Convertible
Preferred Stock) and warrants sold in the primary offering.  The
over-allotment option is exercisable for 45 days from the date of
this prospectus.  The Company's chief executive officer has
indicated that he intends to purchase $30,000 of Class A Units in
this offering at the public offering price.

The Company's common stock is listed on The NASDAQ Capital Market
under the symbol "RXII".  The closing price of the Company's common
stock on Dec. 9, 2016, as reported by NASDAQ, was $1.78 per share.
The Company has applied for the listing of the warrants offered
hereby on the NASDAQ Capital Market and will use its best efforts
to have that listing effective on or before the closing. The
Company does not intend to apply for listing of the shares of
Series B Convertible Preferred Stock on any securities exchange or
other trading system.  

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

                      https://is.gd/wVSZc6

                            About RXi

RXi Pharmaceuticals Corporation, a biotechnology company, focuses
on discovering and developing therapies primarily in the areas of
dermatology and ophthalmology.  The company develops therapies
based on siRNA technology and immunotherapy agents.  Its clinical
development programs include RXI-109, a self-delivering RNAi
compound, which is in Phase IIa clinical trial that is used to
prevent or reduce dermal scarring following surgery or trauma, as
well as for the management of hypertrophic scars and keloids; and
Samcyprone, an immunomodulation agent, which is in Phase IIa
clinical trial for the treatment of various disorders, such as
alopecia areata, warts, and cutaneous metastases of melanoma.  The
company's preclinical program includes the development of products
for ocular indications with RXI-109, including retinal and corneal
scarring.  Its discovery stage development programs include a
dermatology franchise for the discovery of collagenase and
tyrosinase targets for its RNAi platform; and ophthalmology
franchise, a program for the discovery of sd-rxRNA compounds for
oncology indications, including retinoblastoma.  The company was
incorporated in 2011 and is headquartered in Marlborough, Mass.

RXi reported a net loss of $10.22 million in 2015 following a net
loss of $8.80 million in 2014.

"If we are unable to achieve or sustain profitability or to secure
additional financing, we may not be able to meet our obligations as
they come due, raising substantial doubts as to our ability to
continue as a going concern.  Any such inability to continue as a
going concern may result in our common stockholders losing their
entire investment.  There is no guarantee that we will become
profitable or secure additional financing.  Our financial
statements contemplate that we will continue as a going concern and
do not contain any adjustments that might result if we were unable
to continue as a going concern.  Changes in our operating plans,
our existing and anticipated working capital needs, the
acceleration or modification of our expansion plans, increased
expenses, potential acquisitions or other events will all affect
our ability to continue as a going concern," the Company stated in
its annual report for the year ended Dec. 31, 2015.


SANDY CREEK: S&P Affirms 'B' Project Rating; Outlook Negative
-------------------------------------------------------------
S&P Global Ratings said that it revised its recovery rating on
Sandy Creek Energy Associates L.P.'s term loan B due in 2020 to '2'
from '1'.  The 'B' project rating is unchanged.  The outlook is
negative.

The decrease in the recovery rating stems from a revision of S&P's
post-default valuation assumptions.  The merchant power market
under the Electric Reliability Council of Texas (ERCOT) has
deteriorated significantly during the past two years, especially
acute for coal-fired generators like Sandy Creek.  While the asset
has been buoyed to a significant degree by lucrative power purchase
agreements with offtakers of sufficient credit quality for around
half of its capacity, the longer-term forecast for dark spreads in
ERCOT has diminished markedly, in S&P's opinion. Additionally, this
project has somewhat more leverage than other ERCOT projects S&P
rates.

"We anticipate that contractual revenues will buoy the ratios to
some extent throughout the asset's expected 30-year life.  But
capacity factors, which have been weaker than we expected, will
remain weak because coal assets have difficulty remaining
competitive in a low gas pricing environment.  Market conditions
are so severe that the plant was offline for about six months, from
late 2015 until May 2016. It returned to service on May 9, 2016,
and has run normally since.  The negative outlook incorporates,
among other risks, the possibility that a continuation of weak
market trends could similarly affect operations in the future," S&P
said.

S&P's assessment of Sandy Creek's liquidity is neutral.  Sources
exceed uses (required amortization and interest) by well more than
1x (the threshold under our criteria) during the next 12 months,
and S&P do not anticipate that the issuer will have near-term
covenant compliance issues, as it has sufficient headroom.

The negative outlook reflects S&P's view that power prices under
ERCOT could continue to worsen during the next year, possibly
resulting in weaker cash flows and heightened refinancing risk.
While S&P expects debt service coverage ratios (DSCRs) to exceed
1.2x in most years during the term loan period, it would likely
drop to under 1.1x after refinancing, potentially leading to a cap
on the project rating if power prices weaken further.

Downside scenario

S&P could lower the rating if the project life coverage ratio
(PLCR) at refinancing in 2020 drops to under 1.1x consistently
(inclusive of a drawn revolver) or if minimum DSCRs, in any period,
drop to under 1x.  This would likely stem from continued weakening
of power prices, driven by low gas pricing, though S&P notes that
operational challenges could contribute to weaker cash flows as
well.  Additionally, a PLCR of lower than 1.1x could cap the rating
at 'B-'.

Upside scenario

S&P would revise the outlook to stable or, less likely, to positive
if power prices rebound such that minimum DSCRs during the
post-refinancing period improve to around 1.2x from their current
level of under 1.1x and S&P has comfort that such performance is
sustainable.  This could stem from the retirement of other coal
assets or a rebound in gas prices, which would raise power prices
and contribute to higher power demand.



SEANERGY MARITIME: Closes Public Offering of 10M Common Shares
--------------------------------------------------------------
Seanergy Maritime Holdings Corp. completed its public offering of
10,000,000 of its common shares and class A warrants to purchase
10,000,000 common shares.  In connection with the Offering, the
Company issued the representative of the underwriters a warrant to
purchase 500,000 of its common shares, as disclosed in a Form 8-K
report filed with the Securities and Exchange Commission.

                        About Seanergy

Athens, Greece-based Seanergy Maritime Holdings Corp. is an
international company providing worldwide seaborne transportation
of dry bulk commodities.  The Company owns and operates a fleet
of seven dry bulk vessels that consists of three Handysize, two
Supramax and two Panamax vessels.  Its fleet carries a variety of
dry bulk commodities, including coal, iron ore, and grains, as
well as bauxite, phosphate, fertilizer and steel products.

For the year ended Dec. 31, 2015, the Company reported a net loss
of US$8.95 million on US$11.2 million of net vessel revenue
compared to net income of US$80.3 million on US$2.01 million of
net vessel revenue for the year ended Dec. 31, 2014.

As of Sept. 30, 2016, Seanergy had US$203.60 million in total
assets, US$184.45 million in total liabilities and US$19.15 million
in stockholders' equity.

Ernst & Young (Hellas) Certified Auditors-Accountants S.A., in
Athens, Greece, issued a "going concern" qualification on the
consolidated financial statements for the year ended Dec. 31,
2015, citing that the Company reports a working capital deficit and
estimates that it may not be able to generate sufficient cash flow
to meet its obligations and sustain its continuing operations for a
reasonable period of time, that in turn raise substantial doubt
about the Company's ability to continue as a going concern.


SEANERGY MARITIME: Jelco Delta Holds 73.1% Stake as of Dec. 13
--------------------------------------------------------------
In an amended Schedule 13D filed with the Securities and Exchange
Commission, these reporting persons disclosed beneficial ownership
of shares of common stock of Seanergy Maritime Holdings Corp. as of
Dec. 13, 2016:

                                        Shares      Percentage
                                     Beneficially       of
Name                                    Owned        Shares
----                                ------------   ----------
Jelco Delta Holding Corp.             43,649,230       73.1%
Comet Shipholding Inc.                  853,434         2.7%
Claudia Restis                        44,502,664       74.5%

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

                      https://is.gd/cO4bCg

                         About Seanergy

Athens, Greece-based Seanergy Maritime Holdings Corp. is an
international company providing worldwide seaborne transportation
of dry bulk commodities.  The Company owns and operates a fleet
of seven dry bulk vessels that consists of three Handysize, two
Supramax and two Panamax vessels.  Its fleet carries a variety of
dry bulk commodities, including coal, iron ore, and grains, as
well as bauxite, phosphate, fertilizer and steel products.

For the year ended Dec. 31, 2015, the Company reported a net loss
of US$8.95 million on US$11.2 million of net vessel revenue
compared to net income of US$80.3 million on US$2.01 million of
net vessel revenue for the year ended Dec. 31, 2014.

As of Sept. 30, 2016, Seanergy had US$203.60 million in total
assets, US$184.45 million in total liabilities and US$19.15 million
in stockholders' equity.

Ernst & Young (Hellas) Certified Auditors-Accountants S.A., in
Athens, Greece, issued a "going concern" qualification on the
consolidated financial statements for the year ended Dec. 31,
2015, citing that the Company reports a working capital deficit and
estimates that it may not be able to generate sufficient cash flow
to meet its obligations and sustain its continuing operations for a
reasonable period of time, that in turn raise substantial doubt
about the Company's ability to continue as a going concern.


SEANERGY MARITIME: Takes Delivery of Capesize Vessel M/V Knightship
-------------------------------------------------------------------
Seanergy Maritime Holdings Corp. said it has taken delivery of a
178,978 dwt Capesize dry bulk vessel, renamed to M/V Knightship and
built in 2010 by Hyundai Heavy Industries in South Korea.

Stamatis Tsantanis, CEO of Seanergy commented, "We are very pleased
to announce the delivery of the second of the two Capesize vessels
that we agreed to acquire in September 2016.  With the delivery of
M/V Knightship, we successfully completed our acquisition plan for
2016.  We expect to continue the implementation of our business
plan and grow our fleet even further.  We are actively monitoring
the market for acquisition opportunities of quality tonnage."

                      About Seanergy

Athens, Greece-based Seanergy Maritime Holdings Corp. is an
international company providing worldwide seaborne transportation
of dry bulk commodities.  The Company owns and operates a fleet
of seven dry bulk vessels that consists of three Handysize, two
Supramax and two Panamax vessels.  Its fleet carries a variety of
dry bulk commodities, including coal, iron ore, and grains, as
well as bauxite, phosphate, fertilizer and steel products.

For the year ended Dec. 31, 2015, the Company reported a net loss
of US$8.95 million on US$11.2 million of net vessel revenue
compared to net income of US$80.3 million on US$2.01 million of
net vessel revenue for the year ended Dec. 31, 2014.

As of Sept. 30, 2016, Seanergy had US$203.60 million in total
assets, US$184.45 million in total liabilities and US$19.15 million
in stockholders' equity.

Ernst & Young (Hellas) Certified Auditors-Accountants S.A., in
Athens, Greece, issued a "going concern" qualification on the
consolidated financial statements for the year ended Dec. 31,
2015, citing that the Company reports a working capital deficit and
estimates that it may not be able to generate sufficient cash flow
to meet its obligations and sustain its continuing operations for a
reasonable period of time, that in turn raise substantial doubt
about the Company's ability to continue as a going concern.


SEATRUCK INC: Wants to Use Stonegate Bank Cash Collateral
---------------------------------------------------------
SeaTruck, Inc., asks the U.S. Bankruptcy Court for the Southern
District of Florida for authorization to use Stonegate Bank's cash
collateral.

The Debtor's cash on hand and cash in its bank accounts constitute
cash collateral.  The Debtor said it requires court authority to
use this cash collateral in order to continue operating its
business and managing its affairs as a debtor-in-possession.

The Debtor's proposed monthly Budget provides for total expenses in
the amount of $42,363.

The Debtor proposes to:

     (1) grant Stonegate Bank replacement liens against all
collateral that had been pledged to it prior to the commencement of
the case;

     (2) furnish Stonegate Bank with monthly interest payments;
and

     (3) furnish Stonegate Bank with such adequate protection as is
generally provided by Chapter 11 debtors.

The Debtor contends that it will make monthly adequate protection
payments to Stonegate Bank consisting of interest against the
outstanding amount out pursuant to a line of credit that was
provided on or about Feb. 23, 2016, and that currently has an
outstanding balance of $232,091.

A full-text copy of the Debtor's Motion, dated Dec. 14, 2016, is
available at
http://bankrupt.com/misc/SeaTruck2016_1626397rbr_7.pdf

A full-text copy of the Debtor's proposed Budget, dated Dec. 14,
2016, is available at
http://bankrupt.com/misc/SeaTruck2016_1626397rbr_7_1.pdf

                    About SeaTruck, Inc.

SeaTruck, Inc., filed a chapter 11 petition (Bankr. S.D. Fla. Case
No. 16-26397) on
Dec. 9, 2016.  The petition was signed by Jared Schatz, president.
The case is assigned to Judge Raymond B. Ray.  The Debtor disclosed
total assets at $2.17 million and total liabilities at $3.75
million.  The Debtor is represented by Eric A. Rosen, Esq., at
Fowler White Burnett, P.A.


SIMMONS FOODS: Moody's Hikes Corporate Family Rating to B2
----------------------------------------------------------
Moody's Investors Service, Inc. upgraded the ratings of Simmons
Foods, Inc. including the Corporate Family Rating to B2 from B3 and
senior secured second-lien debt rating to B3 from Caa1. The rating
outlook is stable.

The rating upgrades reflect Moody's expectation for relatively
stable overall operating performance in Simmons' core poultry and
pet food segments, improved earnings diversification and modest
financial leverage. These credit strengths partly offset Moody's
concerns about Simmons' ability to consistently generate free cash
flow due to the company's ongoing aggressive investments in
capacity expansion. While these investments are in support of new
growth prospects, they also carry high operational and business
risk.

"We expect Simmons' poultry segment to weaken next year on lower
chicken prices and higher input costs, but the business is coming
off a record year in 2016. We still expect the chicken business to
report good profitability metrics next year close to its historical
levels," commented Brian Weddington, a Moody's VP-Senior Credit
Officer.

Moody's expects that the company's pet food operations, which
represent about a third of total sales, will show continued growth
in sales and earnings, reflecting expanding business volume.

Simmons has been expanding capacity across all of its business
segments - poultry, pet food and feed ingredients - to increase its
business with new and existing customers. In late 2015, Simmons
launched a $36 million expansion of its feed ingredients operations
and in 2016 completed expansion projects in its poultry and wet pet
food operations. High levels of capital expenditures, currently
running at about 145% of depreciation, have been a major
contributor to past negative cash flow.

Moody's assumes that Simmons will likely reinvest most of its
future operating cash flows in growth projects. Thus, the rating
agency does not expect financial leverage to improve materially in
the near-term. However, the company should be able to sustain
debt/EBITDA at or below 4.0, which is adequate for the B2 rating
category.

Simmons Foods, Inc.

Ratings upgraded:

Corporate Family Rating to B2 from B3;

Probability of Default Rating to B2-PD from B3-PD;

$415 million senior secured second-lien notes due 2021 to B3 (LGD4)
from Caa1 (LGD4).

The outlook is stable.

The B3 rating on the senior secured second-lien notes is one notch
below the B2 Corporate Family Rating. This reflects the effective
subordination of these instruments to the company's $185 million
secured asset based revolving credit facility (ABF).

Simmons' liquidity profile is good. As of September 2016, Simmons
had approximately $130 million available under its $185 million ABF
expiring December 2018. The most restrictive financial covenant
under the ABF is a minimum fixed charge covenant of 1.0 time, which
is applicable only when availability falls below $23 million.

Summary Rating Rationale

Simmons' B2 Corporate Family Rating reflects the company's high
sales concentration (over 50%) in the volatile poultry processing
industry and limited free cash flow due to heavy capital spending.
The rating is supported by Simmons' good liquidity, solid and
improving performance in its pet operations and relatively stable
performance in its chicken processing operations. In 2017, overall
profit margin in Simmons' poultry segment should decline to around
its historical average following a record year in 2016.

Simmons' ratings could be lowered if overall operating performance
deteriorates, if debt/EBITDA exceeds 4.5 times, or the company's
liquidity profile deteriorates. Simmons' ratings could be upgraded
if the company is able to establish a track record of stable
operating performance and positive free cash flow. Additionally,
debt/EBITDA would have to approach 3.0 times before Moody's would
consider a rating upgrade.

Simmons Foods, Inc. and affiliates, headquartered in Siloam
Springs, Arkansas, is a vertically integrated poultry processor,
and the largest private label manufacturer of canned pet food in
the United States and Canada. The company generates its sales
through three primary business groups: Poultry (59%); Pet Food
(34%); and Protein (7%), which includes Simmons' rendering
operations. The company is principally owned and controlled by
members of the Simmons family. Net sales reported for the twelve
month period ended September 30, 2016 totaled approximately $1.4
billion.

The principal methodology used in these ratings was "Global Protein
and Agriculture Industry" published in May 2013.



SIRGOLD INC: Committee Taps Pick & Zabicki as Legal Counsel
-----------------------------------------------------------
The official committee of unsecured creditors of Sirgold, Inc.
seeks approval from the U.S. Bankruptcy Court for the Southern
District of New York to hire legal counsel.

The committee proposes to hire Pick & Zabicki, LLP to give legal
advice regarding its duties under the Bankruptcy Code, assist in
its consultations with the Debtor, review with the committee
whether it should file a bankruptcy plan, analyze claims of
creditors, and provide other legal services.

The hourly rates charged by the firm are:

     Partners       $350 - $425
     Associates            $250
     Paraprofessionals     $125

Douglas Pick, Esq., disclosed in a court filing that his firm is a
"disinterested person" as defined in section 101(14) of the
Bankruptcy Code.

The firm can be reached through:

     Douglas J. Pick, Esq.
     Pick & Zabicki, LLP
     369 Lexington Avenue, Suite 1200
     New York, NY 10017  
     Phone: 212-695-6000
     Fax: 212-695-6007

                        About Sirgold Inc.

Sirgold, Inc. sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. S.D.N.Y. Case No. 16-12963) on October 21, 2016.  The
case is assigned to Judge Shelley C. Chapman.

On December 8, 2016, the Office of the U.S. Trustee appointed five
creditors to serve on the official committee of unsecured
creditors.


SIRGOLD INC: Use of Unity Bank Cash Collateral on Interim Basis
---------------------------------------------------------------
Judge Shelley C. Chapman of the U.S. Bankruptcy Court for the
Southern District of New York authorized Sirgold, Inc., to use
Unity Bank's cash collateral on an interim basis.

The approved Budget for the month of December 2016, projected total
disbursements at $41,365.

Unity Bank was granted valid and perfected security interests in,
and lines on all of the right, title, and interest of the Debtor
in, to and under all present and after-acquired property, subject
to the Carve Out.

The Carve Out consists of:

     (a) all fees required to be paid to the Clerk of the
Bankruptcy Court and to the Office of the U.S. Trustee; and

     (b)  the payment of allowed professional fees and
disbursements incurred by professionals retained by the Debtor and
any Committee appointed in the Chapter 11 Case, not to exceed the
sum of $25,000 for the Interim Period and in the event of a
conversion of the case to chapter 7, the additional sum of $15,000
for the payment of the fees of a chapter 7 trustee.

A final hearing on the Debtor's Motion is scheduled on December 29,
2016 at 2:00 p.m.

A full-text copy of the Interim Order, dated Dec. 14, 2016, is
available at
http://bankrupt.com/misc/SirgoldInc2016_1612963_29.pdf

                       About Sirgold, Inc.

Sirgold, Inc., sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. S.D.N.Y. Case No. 16-12963) on Oct. 21, 2016.  The
case is assigned to Judge Shelley C. Chapman.


SIRVA INC: S&P Raises Issue Level Rating to B+ on Updated Criteria
------------------------------------------------------------------
S&P Global Ratings said that it has reviewed its recovery and
issue-level ratings for SIRVA 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 the issue level rating to 'B+' from 'B' and revising
the recovery rating to '2L' from '3H' on the $300 million term
loan.

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

SIRVA Inc.
                                       To              From
Senior Secured
US$300 mil term bank ln due 2022       B+               B
  Recovery Rating                      2L               3H


SPORTS AUTHORITY: Wants Plan Filing Period Extended to March 27
---------------------------------------------------------------
TSAWD Holdings, Inc., and its affiliated debtors ask the U.S.
Bankruptcy Court for the District of Delaware to extend their
exclusive periods for filing a chapter 11 plan and soliciting
acceptances to the plan, through March 27, 2017 and May 27, 2017.

The Debtors' exclusive periods for filing a chapter 11 plan and
soliciting acceptances to the plan are currently set to expire on
Dec. 27, 2016 and Feb. 26, 2017.

The Debtors tell the Court that they now seek an additional
extension of the Exclusive Periods so that they may be afforded
sufficient time to finish reconciliations and other post-closing
administrative tasks related to their asset sales that commenced
upon entry of the Court's Settlement Approval Order.  The Debtors
further tell the Court that following this process, the Debtors
will evaluate their assets and administrative liabilities, on a
Debtor-by-Debtor basis, in order to determine if any chapter 11
plan is feasible with respect to one or more of the Debtors.  The
Debtors believe that it is appropriate to maintain the Exclusive
Periods so as to reduce any administrative expenses that may be
incurred in connection with any competing chapter 11 plans that are
filed before it can be determined whether any chapter 11 plan can
be confirmed, and if so, which Debtors have the ability to do so.

                 About Sports Authority Holdings

Sports Authority Holdings, et al., are sporting goods retailers
with roots dating back to 1928.  The Debtors currently operate 464
stores and five distribution centers across 40 U.S. states and
Puerto Rico.  The Debtors offer a broad selection of goods from a
wide array of household and specialty brands, including Adidas,
Asics, Brooks, Columbia, FitBit, Hanesbrands, Icon Health and
Fitness, Nike, The North Face, and Under Armour, in addition to
their own private label brands.  The Debtors employ 13,000 people.

Sports Authority and six of its affiliates filed Chapter 11
bankruptcy petitions (Bankr. D. Del. Case Nos. 16-10527 to
16-10533) on March 2, 2016.  The petitions were signed by Michael
E. Foss as chairman & chief executive officer.

The Debtors have engaged Robert A. Klyman, Esq., Matthew J.
Williams, Esq., Jeremy L. Graves, Esq., and Sabina Jacobs, Esq., at
Gibson, Dunn & Crutcher LLP as general counsel; Michael R. Nestor,
Esq., Kenneth J. Enos, Esq., and Andrew L. Magaziner, Esq., at
Young Conaway Stargatt & Taylor, LLP as co-counsel; Rothschild Inc.
as investment banker; FTI Consulting, Inc., as financial advisor;
and Kurtzman Carson Consultants LLC as notice, claims,
solicitation, balloting and tabulation agent.

Andrew Vara, Acting U.S. trustee for Region 3, appointed seven
creditors of Sports Authority Holdings Inc. to serve on the
official committee of unsecured creditors.  Lawyers at Pachulski
Stang Ziehl & Jones LLP represent the Official Committee of
Unsecured Creditors.

                         *     *     *

In May 2016, the Delaware Court allowed Sports Authority to proceed
with the liquidation of all of its roughly 450 stores across the
country after the Debtors resolved or beat out about 100 objections
to the sale.  Judge Mary F. Walrath approved an agreement for a
joint venture of Gordon Brothers Retail Partners LLC, Hilco
Merchant Resources LLC and Tiger Capital Group LLC to conduct going
out of business sales.  The Joint Venture won an auction for the
Debtors' inventory.  The Debtors failed to obtain a winning
going-concern bid at a May 17, 2016 auction.

In July 2016, Judge Walrath approved the sale of the Debtors'
intellectual property and more than two dozens of property leases
to Dick's Sporting Goods Inc.  A Wall Street Journal report, citing
anonymous sources, said Dick's bid was for $15 million.


STARZ LLC: S&P Lowers CCR to 'B+', Then Withdraws Ratings
---------------------------------------------------------
S&P Global Ratings said that it lowered its ratings on Starz LLC,
including the corporate credit rating to 'B+' from 'BB-'.  S&P then
removed the ratings from CreditWatch, where it had placed them with
negative implications on July 1, 2016.  The rating outlook is
stable.

S&P subsequently withdrew all its ratings on Starz because the
company is now a wholly owned unit of the parent entity Lions Gate.
The withdrawn ratings include the corporate credit rating and the
issue-level and recovery ratings on Starz's $675 million senior
notes due 2019, which Lions Gate Entertainment Corp. redeemed in
full on Dec. 8.

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



STEINY AND COMPANY: Taps CFS, Craft Partners as Financial Advisors
------------------------------------------------------------------
Steiny and Company, Inc. seeks approval from the U.S. Bankruptcy
Court for the Central District of California to hire Consortium
Finance Securities, LLC and Craft Partners, LLC.

Both firms will serve as the Debtor's financial advisors and
investment bankers in connection with its Chapter 11 case.  The
firms will identify buyers for the Debtor's assets and seek to
consummate a sale of those assets.

The Debtor will pay Consortium a non-refundable retainer fee of
$7,500.  Consortium may also receive a "success fee" calculated as
follows:

     Transaction Value         Success Fee Percentage
     -----------------         ----------------------
     $0 - $5,000,000                  4%; plus
     $5,000,000 - $7,500,000          6%; plus
     More than $7,500,000                 7.5%

Consortium will pay Craft 95% of the retainer and 95% of the
success fee received from the Debtor.  The remaining 5% will be
retained by Consortium.

Daniel Conway, managing partner of Craft, disclosed in a court
filing that both firms are "disinterested" as defined in section
101(14) of the Bankruptcy Code.

The firms can be reached through:

     Daniel S. Conway
     Craft Partners, LLC
     15303 Ventura Blvd., Suite 1510
     Sherman Oaks, CA 91403
     Phone: 818.272.8990

         -- and --

     John W. Felix
     Consortium Finance Securities, LLC
     1 Embarcadero Center, Suite 500
     San Francisco, CA 94111
     Office: 415-439-0023

The Debtor is represented by:

     Ron Bender, Esq.
     Jacqueline L. James, Esq.
     Lindsey L. Smith, Esq.
     Levene, Neale, Bender, Yoo & Brill LLP
     10250 Constellation Boulevard, Suite 1700
     Los Angeles, California 90067
     Tel: (310) 229-1234
     Fax: (310) 229-1244
     Email: rb@lnbyb.com
     Email: jlj@lnbyb.com
     Email: lls@lnbyb.com

                    About Steiny and Company

Steiny and Company, Inc. sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. C. D. Calif. Case No. 16-25619) on November
28, 2016.  The petition was signed by Vincent P. Mauch, chief
financial officer.  

The case is assigned to Judge Julia W. Brand.

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


STONE ENERGY: Seeks Court OK of Prepackaged Restructuring Plan
--------------------------------------------------------------
Stone Energy Corporation and its domestic subsidiaries had filed
voluntary petitions under Chapter 11 of the Bankruptcy Code in the
U.S. Bankruptcy Court for the Southern District of Texas to pursue
a pre-packaged plan of reorganization in accordance with its
previously announced comprehensive balance sheet restructuring
efforts.

On Nov. 17, 2016, the Debtors commenced a solicitation to seek
acceptance by a majority of those voting in each voting class of
claims of the Company's creditors under the Plan, including (a) the
lenders under the Fourth Amended and Restated Credit Agreement,
dated as of June 24, 2014, as amended, modified, or otherwise
supplemented from time to time among Stone as borrower, Bank of
America, N.A. as administrative agent and issuing bank, and the
financial institutions named therein, and (b) the holders of the
Company's 1 3/4% Senior Convertible Notes due 2017 and the
Company's 7 1/2% Senior Notes due 2022.  Stone expects the
solicitation period to end on Dec. 16, 2016.

On Oct. 20, 2016, the Debtors and Noteholders holding approximately
85.4% of the aggregate principal amount of Notes executed a
restructuring support agreement.  On Dec. 14, 2016, the Debtors,
the Noteholders holding approximately 79.7% of the aggregate
principal amount of Notes and the Banks holding 100% of the
aggregate principal amount owing under the Credit Agreement entered
into an Amended and Restated Restructuring Support Agreement that
amends, supersedes and restates in its entirety the Original RSA.
In connection with entry into the A&R RSA and the commencement of
the bankruptcy cases, the Debtors amended the Plan.

Pursuant to the terms of the Plan as revised to be consistent with
the terms of the A&R RSA and the term sheet annexed to the A&R RSA,
Noteholders, Banks and other interest holders will receive
treatment under the Plan, summarized as follows:

   * Noteholders will receive their pro rata share of (a) $100
     million of cash, (b) 96% of the common stock in reorganized
     Stone and (c) $225 million of new 7.5% second lien notes due
     2022.

   * Existing common stockholders of Stone will receive their pro
     rata share of 4% of the common stock in reorganized Stone and
     warrants for up to 10% of the post-petition equity
     exercisable upon the Company reaching certain benchmarks     
     pursuant to the terms of the proposed new warrants.

   * Banks signatory to the A&R RSA will receive their respective
     pro rata share of commitments and obligations under an
     amended Credit Agreement, as well as their respective share
     of the Company's unrestricted cash, as of the effective date
     of the Plan, in excess of $25 million, net of certain fees,
     payments, escrows or distributions pursuant to the Plan and
     the PSA, defined below.

   * Banks not signatory to the A&R RSA will have the option to
     receive either (a) the same treatment as the Banks signatory
     to the A&R RSA, or (b) their respective pro rata share of new
     senior secured term loans plus collateral for their
     respective pro rata share of issued but undrawn letters of
     credit.

   * All claims of creditors with unsecured claims other than
     claims by the Noteholders, including vendors, will be
     unaltered and will be paid in full in the ordinary course of
     business to the extent those claims are undisputed.  Stone
     estimates that such unsecured claims are in the range of
     approximately $17 million to $27 million in the aggregate.

Each of the foregoing common equity percentages in reorganized
Stone is subject to dilution from the exercise of the new warrants
and a management incentive plan.

The A&R RSA contains certain covenants on the part of the Debtors
and the Noteholders and Banks who are signatories to the A&R RSA,
including that those Noteholders and Banks will vote in favor of
the Plan, support the sale of approximately 86,000 net acres in the
Appalachia regions of Pennsylvania and West Virginia to an
affiliate of Tug Hill, Inc., pursuant to the terms of that certain
Purchase and Sale Agreement, dated Oct. 20, 2016, as amended on
Dec. 9, 2016, and otherwise facilitate the restructuring
transaction, in each case subject to certain terms and conditions
in the A&R RSA.  The consummation of the Plan will be subject to
customary conditions and other requirements, as well as the sale by
Stone of the Properties for a cash purchase price of at least $350
million and approval of the Bankruptcy Court.  The A&R RSA also
provides for termination by each party, or by any party, upon the
occurrence of certain events, including without limitation,
termination by the Noteholders or the Banks upon the failure of the
Company to achieve certain milestones set forth in Schedule 1 to
the A&R RSA.

Assuming implementation of the Plan, Stone expects to eliminate
approximately $1.2 billion in principal amount of outstanding
debt.

No trustee has been appointed, and Stone and its subsidiaries will
continue to operate as "debtors in possession" under the
jurisdiction of the Bankruptcy Court and in accordance with the
applicable provisions of the Bankruptcy Code and the orders of the
Bankruptcy Court.  To assure ordinary course operations, Stone is
seeking approval from the Bankruptcy Court for a variety of "first
day" motions, including authority to maintain bank accounts and
other customary relief.

Subject to the approval of the Bankruptcy Court, the Plan is
expected to be consummated in approximately 90 days.  Stone
believes it has adequate liquidity to maintain its operations in
the ordinary course and does not intend to seek any
debtor-in-possession financing during the pendency of the
bankruptcy cases. Stone plans, subject to approval by the
Bankruptcy Court, to continue to pay vendors, royalty owners and
other parties in the ordinary course throughout the bankruptcy
process.

Stone has been in contact with the New York Stock Exchange and
anticipates the continued listing of its common stock on the NYSE
throughout the bankruptcy process so long as the Company continues
to meet the minimum continued listing standards set forth by the
NYSE.

Concurrent with filing the bankruptcy petitions, David Lawrence's
role as Special Liaison of the Independent Directors to work
together with the management of Stone to help with assessing
restructuring alternatives came to an end.  Mr. Lawrence will
continue in his role as an independent director throughout the
reorganization process.

The Debtors filed their voluntary Chapter 11 petitions and the Plan
in the U.S. Bankruptcy Court for the Southern District of Texas in
Houston.  Information about the bankruptcy cases can be found at
http://dm.epiq11.com/StoneEnergyor by calling +1-888-243-5081
(toll-free in North America) or +1-503-520-4474 (outside of North
America).

Stone 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.


SUNEDISON INC: Selling 100% Interest in TerraForm for $42.5 Million
-------------------------------------------------------------------
Judge e Stuart M. Bernstein of the U.S Bankruptcy Court of the
Southern District of New York will convene a hearing on Jan. 12,
2017 at 10:00 a.m. (PET) to consider SunEdison, Inc.'s and
Terraform Private Holdings, LLC (Seller)'s private sale of 100% of
equity interests in TerraForm Private, LLC, to DIF INFRA 4 US, LLC
and DIF IV CO-INVEST, LLC for $42,500,000.  

The objection deadline is Jan. 5, 2017 at 4:00 p.m. (PET).

The Seller, TerraForm Private Holdings, holds the Equity Interests
in TerraForm Private, which in turn holds certain indirect
interests in a group of fully constructed and operating wind power
projects with approximately 806 MW of capacity.  The Equity
Interests, which were originally acquired from Atlantic Power in
June 2015, consist of two types: (i) TP PREPP Units, entitling the
holder to dividends as a preferred stockholder, and (ii) Common
Units, which provide a managing interest, but a subordinated
economic stake.  The Seller owns all of the Common Units, as well
as 11.7% of the outstanding PREPP Units, with the remainder of the
PREPP Units held separately by the Buyer and John Hancock.

SunEdison paid $95,000,000 to acquire the Equity Interests --
$20,000,000 of which was allocated to the TP PREPP Units and
$75,000,000 was allocated to the Common Units.  Macquarie,
predecessor to the Buyer, purchased its TP PREPP Units for
$100,000,000 and Hancock did so for $50,000,000.  TerraForm AP
Acquisitions Holdings, LLC, the direct subsidiary of TerraForm
Private, is a borrower under a term loan with approximately
$258,468,000 outstanding as of Nov. 9, 2016. Due to an inability to
deliver audited financials, such term loan has been in default,
causing the incurrence of approximately $14,000 per day in default
interest since May 29, 2016 with an additional daily interest
charge of approximately $10,000 beginning on June 30, 2016.  The
default interest had the effect of reducing the value of the Common
Units, due to the priority in distributions payable to the holders
of TP PREPP Units.

On Dec. 5, 2016, the Seller was successful in negotiating
forbearance with respect to the default interest.  In connection
with that forbearance agreement, the lenders also pre-approved a
change of control to Buyer and no one else.  To consummate the Sale
Transaction, at the request of the Buyer, the Seller filed a
voluntary petition under Chapter 11 of the Bankruptcy Code
immediately prior to the filing of the Motion.

Prior to the April 21, 2016, in connection with a potential sale
process for the Equity Interests as well as other assets of the
Company, Rothschild and the Company identified and developed a list
of potentially interested parties and solicited such parties'
interest in a sale transaction, including the Buyer.  In May 2016,
the Seller entered discussions with the parties that entered into
NDAs in connection with the sale of the Equity Interests.  Several
weeks thereafter, in July 2016, the Seller began intensive
negotiations with the Buyer – all while continuing to explore
alternatives from other potential purchasers – and continued to
negotiate the MIPA through the first week in December 2016.

During the course of negotiations, the Buyer offered substantial
additional monetary consideration on the condition that the deal
proceed through a private sale, rather than a public auction. In
evaluating the offers, the Buyer provided the most compelling offer
– both in terms of amount of consideration and certainty of
closing.  In order to close the Sale Transaction, the Seller must
obtain numerous consents to a change of control from project-level
counterparties.  Since the Buyer is already the largest holder of
TP PREPP Units, the Seller believes that obtaining consents to a
change of control to the Buyer will be much easier than to a new
entrant to the capital structure.  Indeed, in anticipation of a
potential deal with the Buyer, the Seller has already obtained the
consent of the term lenders to a change of control to the Buyer.

As a result, the Debtors have determined that the Buyer's offer for
the Equity Interests is fair, reasonable, and in the best interests
of the Debtors' estates, their creditors, and all other parties in
interest.

The Seller filed a petition under chapter 11 of title 11 of the
Bankruptcy Code immediately prior to filing the Motion pursuant to
the terms of the  Membership Interest Purchase Agreement (MIPA),
dated as of Dec. 14, 2016, to obtain relief under section 363 of
the Bankruptcy Code.  

The MIPA contemplates the sale of the Seller's Equity Interests to
the Buyer for a total of $42,500,000, subject to certain reductions
for the cost of obtaining certain consents under secured hedge
agreements, payable as follows: (i) at Closing, $41,950,000 less
(x) the TerraForm Interest Rate Hedge Agreement Consent Costs
payable in cash to the Seller, and (y) any reimbursement, up to
$1,500,000, for certain costs, such as debt service, incurred by
the other holders of TP PREPP Units – i.e., the Buyer and John
Hancock – which may be paid or contributed by such holders on
behalf of the Seller, with Seller's approval; and (ii) Escrow
Amount of $550,000 paid into escrow and to be released to the
Seller within 12 months following the Closing.

The proposed Sale Order, and the MIPA contain these items that may
be considered Extraordinary Provisions under the Sale Guidelines:

   a. Private Sale: The sale of the Equity Interests pursuant to
the MIPA does not contemplate an auction or other further
competitive bidding process.

   b. Deadlines that Effectively Limit Notice: As is set forth in
the MIPA, the Sale Transaction may be terminated if the Sale
Approval Order is not entered by Jan. 19, 2017.

   c. Interim Arrangements with Proposed Buyer: The Seller is
required to comply with certain customary interim operating
covenants under the terms of the MIPA.

   d. Requested Findings as to Successor Liability: The Debtors
seek a finding that the Buyer is not and shall not be deemed a
successor to the Seller as a result of the consummation of the
Transactions.

   e. No-Solicitation Provisions: Unless the MIPA is terminated,
the Seller agrees that it or its representatives shall not enter
into discussions regarding, or solicit, an Alternative Transaction,
which does not apply to whole-company transactions or plans of
reorganization that may involve the Equity Interests.

   f. Sale Free and Clear: The Equity Interests shall be
transferred free and clear of all interests to the fullest extent
permitted by Bankruptcy Code section 363.

   g. Relief from Bankruptcy Rule 6004(h): The Debtors seek relief
from the 14-day stay imposed by Bankruptcy Rule 6004(h).

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

             http://bankrupt.com/misc/SunEdison_Inc_1908_Sales.pdf

To the knowledge of the Seller, the Equity Interests are wholly
unencumbered.

As a condition precedent to the Buyer's obligations to Closing, the
Buyer has requested full releases for itself, TerraForm Private,
the Project Holding Companies and the Project Companies and their
successors from any and all claims, demands, rights, causes of
action, known or unknown, that the Debtors and Affiliates of the
Debtors have or may have that relate to or are in connection with
the Equity Interests or with the Buyer's existing investments in
TerraForm Private ("MIPA Releases").

In connection with providing the MIPA Releases, the Debtors
undertook an analysis of potential estate claims subject to the
Buyer's demand for a release.  In the Debtors' judgment, a
commercial deal in which the estates will benefit from
approximately $42,500,000 in proceeds, is superior to an uncertain
and likely costly litigation path.  The estates still retain
potential claims they may have against TERP related to the Atlantic
Power transaction.  As a result, the Debtors exercised their
business judgment to determine that the most value-maximizing
course was to agree to provide the MIPA Releases in exchange for
the purchase price.  Therefore, the MIPA Releases should be
approved by the Court.

The Debtors have articulated a clear business justification for
entering into the Sale Transaction.  They have determined that a
sale of the Equity Interests will maximize value and is in the best
interests of the Debtors, their creditors, their estates, their
stakeholders, and other parties in interest.

The sale of the Equity Interests must be approved and consummated
promptly in order to preserve the value of the Equity Interests.
Therefore, time is of the essence in consummating the Sale
Transaction.  Accordingly, the Debtors respectfully request that
the Court waive the 14-day stay imposed by Bankruptcy Rule 6004(h),
as the exigent nature of the relief sought justifies immediate
relief.

The Purchaser:

          DIF INFRA 4 US, LLC
          DIF IV Co-Invest, LLC
          6, Adelaide East
          10th Floor of The Lumsden Building
          Toronto, Ontario
          M5C 1H6 Canada
          Attn: Paul Huebener
          Telephone: (647) 748-2088
          E-mail: p.huebener@difamericas.com

The Purchaser is represented by:

          Brian Nese, Esq.
          STOEL RIVES LLP
          12255 El Camino Real, Suite 100
          San Diego, CA 92130
          Facsimile: (858) 794-4101
          E-mail: brian.nese@stoel.com

                       About SunEdison, Inc.

SunEdison, Inc. (OTC PINK: SUNEQ), is a developer and seller of
photovoltaic energy solutions, an owner and operator of clean
power
generation assets, and a global leader in the development,
manufacture and sale of silicon wafers to the semiconductor
industry.

On April 21, 2016, SunEdison, Inc., and 25 of its affiliates each
filed a Chapter 11 bankruptcy petition (Bankr. S.D.N.Y. Case Nos.
16-10991 to 16-11017).  Martin H. Truong, the senior vice
president, general counsel and secretary, signed the petitions.

The Debtors disclosed total assets of $20.7 billion and total debt
of $16.1 billion as of Sept. 30, 2015.

The Debtors have hired Skadden, Arps, Slate, Meagher & Flom LLP as
counsel, Togut, Segal & Segal LLP as conflicts counsel, Rothschild
Inc. as investment banker and financial advisor, McKinsey Recovery
& Transformation Services U.S., LLC, as restructuring advisors and
Prime Clerk LLC as claims and noticing agent.  The Debtors
employed
PricewaterhouseCoopers LLP as financial advisors; and  KPMG LLP as
their auditor and tax consultant.

SunEdison also has tapped Eversheds LLP as its special counsel for
Great Britain and the Middle East.  Cohen & Gresser LLP has also
been retained as special counsel.

The Debtors retained Ernst &Young LLP to provide tax-related
services.  Keen-Summit Capital Partners LLC has been hired as real
estate advisor.  Binswanger of Texas, Inc., also has been retained
as real estate agent.

Sullivan & Cromwell LLP serves as counsel to TerraForm Power,
Inc.,
and TerraForm Global, Inc.

An official committee of unsecured creditors has been appointed in
the case.  The Committee tapped Weil, Gotshal & Manges LLP as its
general bankruptcy counsel and Morrison & Foerster LLP as special
counsel.  Togut, Segal & Segal LLP and Kobre & Kim LLP serve as
conflicts counsel.  Alvarez & Marsal North America, LLC, serves as
the Committee's financial advisors.

Counsel to the administrative agent under the Debtors' prepetition
first lien credit agreement are Richard Levy, Esq., and Brad
Kotler, Esq., at Latham & Watkins.

Counsel to the administrative agent under the postpetition DIP
financing facility are Scott Greissman, Esq., and Elizabeth Feld,
Esq. at White & Case LLP.

Counsel to the Tranche B Lenders (as defined in the DIP credit
agreement) and the steering committee of the second lien creditors
are Arik Preis, Esq., and Naomi Moss, Esq., at Akin Gump Strauss
Hauer & Field, LLP.

Counsel to the administrative agent under the Debtors' prepetition
second lien credit agreement is Daniel S. Brown, Esq., at
Pillsbury
Winthrop Shaw Pittman LLP.

The collateral trustee under the Debtors' prepetition second lien
credit agreement and the indenture trustee under each of the
Debtors' outstanding bond issuances, is represented by Marie C.
Pollio, Esq., at Shipman & Goodwin LLP.

Counsel to the ad hoc group of certain holders of the Debtors'
convertible senior notes is White & Case LLP's Tom Lauria, Esq.


TEKNI-PLEX INC: S&P Raises Rating on 2nd Lien Bank Loan to 'B-'
---------------------------------------------------------------
S&P Global Ratings raised its issue-level rating on Tekni-Plex
Inc.'s second-lien bank loan to 'B-' from 'CCC+' and revised the
recovery rating on the loan to '5' from '6'.  The '5' recovery
rating indicates S&P's expectation for modest recovery (10%-30%;
lower half of the range) of principal in the event of a payment
default.

All of S&P's other ratings on the company remain unchanged,
including its 'B' issue-level rating and '3' recovery rating on
Tekni-Plex's upsized first-lien term loan ($641 million
outstanding).  The '3' recovery rating indicates S&P's expectation
for meaningful recovery (50%-70%; lower half of the range) of
principal in the event of a payment default.  The company has
increased the size of the incremental add-on to its first-lien term
loan by $35 million from the initially proposed $45 million (to $80
million).

S&P raised its issue rating on the company's second-lien term loan
to reflect its improved recovery prospects following the upsizing
of the first-lien term loan.  In addition, this rating action also
reflects management's use of the incremental proceeds from the
first-lien upsizing to reduce the debt outstanding under its
second-lien term loan to about $66 million from $160 million.

As of Sept. 30, 2016, the company's total adjusted debt leverage
was 6x, which is within the appropriate range for a highly
leveraged financial risk profile.  S&P views the upsizing of the
company's first-lien term loan as leverage neutral because it
expects that management will use the proceeds to pay down a
significant portion of Tekni-Plex's second-lien debt.

                         RECOVERY ANALYSIS

Key analytical factors:

   -- S&P has valued the company on a going-concern basis using a
      5.5x multiple of S&P's estimated emergence EBITDA of nearly
      $68 million for a gross emergence enterprise value of
      $373 million.

   -- S&P's simulated default scenario contemplates a default
      occurring in the first half of 2019 and assumes that the
      company's EBITDA would decline significantly because of a
      more competitive pricing environment.

   -- S&P's recovery analysis assumes that in a simulated default
      scenario, after satisfying any unpaid priority
      administrative expenses, the recovery expectations for the
      first-lien facilities will be in the lower half of the 50%-
      70% range.  The value derived from the foreign subsidiaries'

      unpledged equity interest should provide modest recovery to
      the second-lien term loan (10%-30%; lower half of the
      range).

Simplified recovery waterfall

   -- Emergence EBITDA: $68 million
   -- Multiple: 5.5x
   -- Gross recovery value: $373 million
   -- Net recovery value for waterfall after admin. expenses (5%):

      $354 million
   -- Obligor/nonobligor valuation split: 65%/35%
   -- Estimated priority claims (asset-based lending [ABL] or
      other): $0
   -- Estimated first-lien claims: $671 million
   -- Value available for first-lien claims: $346 million
   -- Recovery range: 50%-70% (lower end of the range)
   -- Estimated second-lien claim: $69 million
   -- Value available for unsecured claim: $7 million
   -- Recovery range: 10%-30% (lower end of the range)

RATINGS LIST

Tekni-Plex Inc.
Corporate Credit Rating                B/Stable/--

Issue Rating Raised; Recovery Rating Revised
                                        To                 From
Tekni-Plex Inc.
Senior Secured
  Second-Lien Bank Loan                 B-                 CCC+
   Recovery Rating                      5L                 6


TESORO CORP: S&P Assigns 'BB+' Rating on Proposed $1.6BB Notes
--------------------------------------------------------------
S&P Global Ratings assigned its 'BB+' issue-level rating and '3'
recovery rating to Tesoro Corp.'s proposed $1.6 billion senior
unsecured notes due 2023 and 2026.  At the same time, S&P placed
the rating on the notes on CreditWatch with positive implications.

The recovery rating of '3' indicates S&P's expectation of
meaningful (50% to 70%; capped at the higher end of the range)
recovery if a payment default occurs.  The company intends to use
net proceeds, together with cash on hand and borrowings under its
revolving credit facility, to fund the cash consideration for the
acquisition of Western Refining Inc. and its operating
subsidiaries, Northern Tier Energy L.P. and Western Refining
Logistics L.P., to repay and redeem certain outstanding debt of
Western Refining and its subsidiaries, and to pay related fees and
expenses.

San Antonio-based Tesoro Corp. is one of the largest independent
petroleum refining and marketing companies in the western U.S.
Tesoro owns and operates seven refineries with 895,000 barrels per
day of capacity, a crude oil and refined products logistics
partnership, and a wholesale and retail refined products
distribution business.  S&P's corporate credit rating on Tesoro
Corp. is 'BB+', and the rating is on CreditWatch with positive
implications.

Ratings List

Tesoro Corp.
Corporate Credit Rating                    BB+/Watch Pos

New Rating

Tesoro Corp.
Senior Unsecured
  Notes due 2023                            BB+/Watch Pos
   Recovery Rating                          3H
  Notes due 2026                            BB+/Watch Pos
   Recovery Rating                          3H


THAMES FUNDING: Unsecureds To Recoup 0% Under the Plan
------------------------------------------------------
Thames Funding Inc. filed with the U.S. Bankruptcy Court for the
District of Connecticut a disclosure statement explaining its plan
of reorganization.

Class 1 is the Allowed Secured Claim of the town of Groton:
Consists of the Secured real estate taxes in the principal amount
of $54,297.26 secured by a tax lien the debtors’ real property
located at 193 Thames Street, Groton, Connecticut. This claim is
unimpaired pursuant. The total amount of  the debt as of December
2, 2016 is $54,297.26

Class 2 consists of the Secured Claim of Dime Bank pertaining to
Loan # 494 in the principal amount of $761,281 secured by a
mortgage on the debtors’ real property located at 193 Thames
Street, Groton, Connecticut. This claim is impaired pursuant to 11
U.S.C. section 1124(a). The Total amount of the debt as of Dec. 2,
2016 is $1,005,857.

Class 3 is composed of the general unsecured creditors of
approximately $6,819.02. Those claims approved by the Court shall
be paid 0% of the Allowed amount as full and final satisfaction.
Each creditor shall receive payment of 0% percent in lump sum on
the Effective Date.

The Debtor will fund the plan through its operating income,
pursuant to the terms of the Plan. The ongoing business operations
will provide income necessary funds to fund the Plan. The Debtor
will make all payments by confirmation that are due the US Trustee
and will continue to make payments that accrue up the effective
date as well as though the date of the final decree.

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

         http://bankrupt.com/misc/ctb16-21286-50.pdf 

                    About Thames Funding

Thames Funding, Inc., filed a chapter 11 petition (Bankr. D. Conn.
Case No. 16-21286) on Aug. 7, 2016.  The petition was signed by
John G. Syragakis, principal.  The case is assigned to Judge Ann
M.
Nevins.  The Debtor disclosed total assets of $640,000 and total
debt of $1.02 million.

The Debtor is represented by Joseph J. D'Agostino, Jr., Esq., at
Attorney Joseph J. D'Agostino, Jr., LLC.  

The Debtor is authorized to continue to operate and manage its
business as a Debtor-In-Possession.  No trustee or examiner has
been appointed in these proceedings.


THIRTEEN EAST: Court Allows Cash Collateral Use Until April 14
--------------------------------------------------------------
Judge Christopher J. Panos of the U.S. Bankruptcy Court for the
District of Massachusetts authorized Thirteen East Main Corporation
to use cash collateral through April 14, 2017.

No objections were filed to the Debtor's Cash Collateral Motion and
the hearing scheduled for Dec. 15, 2016 was cancelled.

A full-text copy of the Order, dated Dec. 13, 2016, is available at

http://bankrupt.com/misc/ThirteenEast2016_1641294_43.pdf

               About Thirteen East Main Corporation

Thirteen East Main Corporation filed a Chapter 11 bankruptcy
petition (Bankr. D. Mass. Case No. 16-41294) on July 22, 2016.  The
petition was signed by Nathan Till, president.  
Judge Christopher J. Panos presides over the case.  The Debtor
estimated assets and liabilities at $100,001 to $500,000 at the
time of the filing.  The Debtor is represented by James P. Ehrhard,
Esq., at Ehrhard & Associates, PC.


TOWERSTREAM CORP: Amends $15-Mil. Securities Prospectus with SEC
----------------------------------------------------------------
Towerstream Corporation filed with the Securities and Exchange
Commission an amended Form S-3 registration statement relating to
the sale, from time to time in one or more offerings, any
combination of common stock, preferred stock, debt securities or
warrants to purchase common stock, preferred stock or debt
securities, or any combination of the foregoing, either
individually or as units comprised of one or more of the other
securities, having an aggregate initial offering price not
exceeding $15,000,000.

In addition, the prospectus relates to the disposition from time to
time of an aggregate of 9,500,000 shares of common stock which are
issuable upon the conversion of 1,000 of the Company's outstanding
shares of Series D Convertible Preferred Stock and 2,000,000 Series
E Convertible Preferred Stock held by certain of the selling
stockholders named in this prospectus.  The Company will not
receive any of the proceeds from the sale of shares by the selling
stockholders.

The Company's common stock is currently traded on OTCQB under the
symbol "TWER."  On Dec. 13, 2016, the last reported sale price of
the Company's common stock was $0.23 per share.  As previously
reported, on Nov. 29, 2016, the Company was notified that the
Nasdaq Listing Qualifications Hearing Panel had determined to
delist the Company's shares from The NASDAQ Capital Market to
violation of Listing Rule 5550(b)(1), for failure to maintain the
required minimum stockholders' equity requirement or the total
assets and total revenues minimums required by that rule.  The
NASDAQ Capital Market suspended trading in the Company's common
stock at the open of business on Dec. 1, 2016.  The Company's
common stock was quoted on the OTCQB effective Dec. 1, 2016.
  
A full-text copy of the Form S-3/A is available for free at:

                     https://is.gd/TpEh1E
  
                 About Towerstream Corporation

Towerstream Corporation (NASDAQ:TWER) offers broadband services in
12 urban markets including New York City, Boston, Los Angeles,
Chicago, Philadelphia, the San Francisco Bay area, Miami, Seattle,
Dallas-Fort Worth, Houston, Las Vegas-Reno, and the greater
Providence area.

The Company reported a net loss of $40.5 million in 2015, a net
loss of $27.6 million in 2014 and a net loss of $24.8 million in
2013.

As of Sept. 30, 2016, Towerstream had $36.76 million in total
assets, $43.18 million in total liabilities and a total
stockholders' deficit of $6.42 million.


TOWERSTREAM CORP: Stockholders Elect Four Directors
---------------------------------------------------
The 2016 annual meeting of stockholders of Towerstream Corporation
was held on Dec. 13, 2016, at which the stockholders:

   (1) elected Philip Urso, Howard L. Haronian, Paul Koehler
       and William J. Bush as directors to hold office until the
       next annual meeting of stockholders;

   (2) ratified Marcum LLP as the Company's independent registered
       public accounting firm for the fiscal year ending Dec. 31,
       2016;

   (3) approved the Company's 2016 Non-Executive Equity Incentive
       Plan, including the reservation of 250,000 shares of common
       stock thereunder; and

   (4) authorized an amendment to the Company's 2016 Equity
       Incentive Plan to increase the number of shares available
       for issuance thereunder to 1,435,000 from 682,000.

                 About Towerstream Corporation

Towerstream Corporation (NASDAQ:TWER) offers broadband services in
12 urban markets including New York City, Boston, Los Angeles,
Chicago, Philadelphia, the San Francisco Bay area, Miami, Seattle,
Dallas-Fort Worth, Houston, Las Vegas-Reno, and the greater
Providence area.

The Company reported a net loss of $40.5 million in 2015, a net
loss of $27.6 million in 2014 and a net loss of $24.8 million in
2013.

As of Sept. 30, 2016, Towerstream had $36.76 million in total
assets, $43.18 million in total liabilities and a total
stockholders' deficit of $6.42 million.


TOWN SPORTS: Patrick Walsh Holds 17.4% Equity Stake as of Dec. 12
-----------------------------------------------------------------
In an amended Schedule 13D filed with the Securities and Exchange
Commission, Patrick Walsh disclosed that as of Dec. 12, 2016, he
beneficially owns 4,449,830 shares of common stock of Town Sports
International Holdings, Inc., which represents 17.4 percent of the
shares outstanding.  

Also included in the filing are PW Partners Atlas Fund III LP
(3,450,536 common shares); PW Partners Atlas Funds, LLC (3,450,536
common shares); and PW Partners Capital Management LLC (3,450,536
common shares).

The aggregate percentage of Shares reported owned by each person is
based upon 25,613,547 Shares outstanding as of Oct. 24, 2016, which
is the total number of Shares outstanding as reported in the
Company's Form 10-Q filed with the Securities and Exchange
Commission on Oct. 26, 2016.

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

                       goo.gl/2kTTa0

                     About Town Sports

New York-based Town Sports International Holdings, Inc. is one of
the leading owners and operators of fitness clubs in the Northeast
and mid-Atlantic regions of the United States and, through its
subsidiaries, operated 151 fitness clubs as of March 31, 2016,
comprising 104 New York Sports Clubs, 27 Boston Sports Clubs, 12
Washington Sports Clubs (one of which is partly-owned), five
Philadelphia Sports Clubs, and three clubs located in Switzerland,
and three BFX Studio locations.  In addition, the Company also has
one partly-owned club that operated under a different brand name in
Washington, D.C. as of March 31, 2016.  These clubs collectively
served approximately 553,000 members as of March 31, 2016.

As of Sept. 30, 2016, the Company had $245.3 million in total
assets, $331.4 million in total liabilities and a total
stockholders' deficit of $86.03 million.

                            *    *    *

As reported by the TCR on March 14, 2016, Standard & Poor's Ratings
Services said it raised its corporate credit rating on Town Sports
International Holdings to 'CCC+' from 'SD'.

Town Sports carries a 'Caa2' corporate family rating from Moody's
Investors Service.


TRACK GROUP: Taps Grand Banks' Peter Poli as New CFO
----------------------------------------------------
Track Group, Inc. announced Peter Poli is joining the Company as
its new chief financial officer, effective Jan. 6, 2017.  Mr. Poli
joins Track Group after serving as the CFO for over 11 years with
Grand Banks Yachts Limited, a global manufacturer of luxury yachts
with offices in Singapore, Malaysia, Australia & the U.S.  Mr. Poli
brings with him an extensive background in corporate finance,
financial planning and analysis, investor relations, strategic
planning and risk management along with an appreciation for Track
Group and its unique position driving the global transformation of
offender monitoring and management.

"I am thrilled to welcome Peter to Track Group where he will
undoubtedly make an immediate impact as we begin operating under a
more streamlined business structure," said Guy Dubois, Chairman and
CEO of Track Group.  "I am particularly impressed with Peter's
ability to lead a financial function in a complex, industry-leading
business, while maintaining an unrelenting focus on serving and
advocating for his company's customers."

"I can't imagine a more exciting time to join Track Group," Poli
said.  "Track Group is creating life-changing opportunities for
tens of thousands of people worldwide.  Guy and his executive team
recognize and appreciate the impact they are making, and I'm
delighted to be a part of it."

Mr. Poli will lead Track Group's financial operations, finance
team, sourcing and investor relations.  He will report directly to
the CEO, Guy Dubois and commence work on Jan. 6, 2017.

Under the terms of an Employment Agreement between Mr. Poli and the
Company, dated Dec. 12, 2016, Mr. Poli will serve as the Company's
chief financial officer for a period of three years for a base
salary equal to $240,000 per annum, and will receive an option to
purchase 100,000 shares of the Company's common stock at an
exercise price per share equal to the closing price of the
Company's common stock on the date approved by the Board.  One-half
of the Option is scheduled to vest on Jan. 1, 2018, and the
remaining one-half is scheduled to vest on Jan. 1, 2019.

Mr. Poli has more than 20 years of financial management experience.
At Grand Banks Yachts Limited, Mr. Poli was responsible for the
Company's overall financial strategy including cost management,
capital allocation and funding as well as its M&A activity.  As
CFO, he oversaw corporate finance, financial planning and analysis,
accounting, investor relations, human resources, IT and was
responsible for the Company's corporate strategy function.  Prior
to Grand Banks Yachts Limited, Mr. Poli held various positions of
increasing responsibility in finance at Dean Witter Reynolds, Inc.
and Morgan Stanley Online, FTD.com, and I-Works, Inc.  Mr. Poli
received a Bachelor of Arts degree in Economics and Industrial
Engineering from Brown University and his Master's degree in
Business Administration from Harvard Business School.

                     About Track Group

Track Group (formerly SecureAlert) -- http://www.trackgrp.com/--
is a global provider of customizable tracking solutions that
leverage real-time tracking data, best-practice monitoring, and
analytics capabilities to create complete, end-to-end solutions.

Track Group reported a net loss attributable to common shareholders
of $5.66 million on $20.8 million of total revenues for the fiscal
year ended Sept. 30, 2015, compared with a net loss attributable to
common shareholders of $8.76 million on $12.26 million of total
revenues for the fiscal year ended Sept. 30, 2014.

As of June 30, 2016, Track Group had $51.6 million in total assets,
$41.5 million in total liabilities and $10.2 million in total
equity.

                           *   *   *

This concludes the Troubled Company Reporter's coverage of Track
Group until facts and circumstances, if any, emerge that
demonstrate financial or operational strain or difficulty at a
level sufficient to warrant renewed coverage.


TRINITY RIVER: Has Until January 31 to File Chapter 11 Plan
-----------------------------------------------------------
Judge Tony M. Davis of the U.S. Bankruptcy Court for the Western
District of Texas extended the exclusive periods within which
Trinity River Resources, LP has the exclusive right to file and
solicit a plan of reorganization, through and including Jan. 31,
2017 and April 3, 2017, respectively.

The Troubled Company Reporter has earlier reported that the Debtor
sought exclusivity extension so that it can have adequate time to
devote resources to pursuing a sale of its assets and developing a
plan of reorganization that will benefit all creditors and interest
holders.  The Debtor related that its independent manager, John T.
Young, Jr. of Conway MacKenzie had spent the last two months, since
its appointment on Sept. 1, 2016, reviewing the Debtor's affairs
and restructuring alternatives, including a potential sale of the
Debtor's assets.

In addition, the Debtor's independent manager was still seeking to
address certain unresolved contingencies existing in the Debtor's
Chapter 11 case, specifically, (a) the disclosure of proprietary
seismic data and interpretations as part of any sale of assets; (b)
the assignment, or partial assignments, of acreage on which the
Debtor has made only partial payments of the leasehold acquisition
costs; (c) determination of the transfer of operatorship of the
assets under the applicable contracts and joint operating
agreements; and (d) the Adversary Proceeding No. 16-01074 filed by
Anadarko E&P Onshore LLC.

                           About Trinity River Resources

Trinity River Resources, LP, filed a Chapter 11 bankruptcy petition
(Bankr. W.D. Tex. Case No. 16-10472) on April 21, 2016.  The
petition was signed by Matthew J. Telfer as manager of Trinity
River Resources, GP, LLC.  Judge Tony M. Davis is assigned to the
case.  The Debtor estimated assets in the range of $50 million to
$100 million and liabilities of up to $500 million.  

The Debtor has hired Bracewell LLP as counsel.  The Debtor has
employed John T. Young, Jr., a Senior Managing Director with Conway
MacKenzie, as the its independent manager; and has also retained
Conway MacKenzie as its financial advisor.  The Debtor has employed
T2 Land Resources, as ordinary course professionals.


TRONOX INC: Court Approves Future Tort Claims Instructions
----------------------------------------------------------
Judge Michael E. Wiles of the United States Bankruptcy Court for
the Southern District of New York granted the Tort Claims Trustee's
request for instructions regarding future tort claims in the
Chapter 11 case of Tronox Incorporated, et al.

The Tronox Incorporated Tort Claims Trust was established under the
confirmed plan of reorganization.  The Trust is governed by a Tort
Claims Trust Agreement and by a set of Tort Claims Trust
Distribution Procedures (TDPs).  The Plan and the Trust Agreement
establish categories into which allowed tort claims are to be
divided, and the TDPs are rules that govern the collection, review,
allowance and payment of tort claims.

The Garretson Resolution Group, Inc., as trustee of the Trust,
filed a motion seeking instructions as to the interpretation and
application of the provisions of the Plan, the Trust Agreement and
the TDPs that govern "Future Tort Claims."

Judge Wiles granted the Trustee's request for instructions, and
held that a claim qualifies as a "Future Tort Claim" if it does not
fall into the other categories of Tort Claims and if one or more of
the following conditions are met:

     (1) The claim is based on an alleged exposure to a harmful
         substance that occurred on or after August 12, 2009;

     (2) The claim is based on an exposure that occurred before
         August 12, 2009, but as to which no injury or disease
         was manifested until on or after August 12, 2009; or

     (3) The exposure, as well as the manifestation of an injury
         or disease, predated August 12, 2009, but the claimant
         is able to establish (a) that the claimant's failure to
         file a timely proof of claim should be excused on
         grounds of excusable neglect, (b) that the purported
         discharge of the claimant's claim was a violation of due
         process and therefore ineffective.

Judge Wiles ordered that determinations as to claims that fall into
categories (1) and (2), above, will be made by the Trustee pursuant
to the TDPs and subject to the dispute resolution procedures that
are set forth in the TDPs, while claimants in category (3) who wish
to obtain relief will be required to file motions seeking such
relief from the Court.

A full-text copy of Judge Wiles' December 14, 2016 memorandum
opinion is available at:

          http://bankrupt.com/misc/nysb09-10156-3268.pdf

The Garretson Resolution Group, Inc. as Tronox Incorporated Tort
Claims Trustee is represented by:

          Robert G. Sanker, Esq.
          Bethany P. Recht, Esq.
          KEATING MUETHING & KLEKAMP PLL
          One East Fourth Street, Suite 1400
          Cincinnati, OH
          Tel: (513)579-6400
          Fax: (513)579-6457
          Email: rsanker@kmklaw.com
                 brecht@kmklaw.com

                         About Tronox Inc.

Tronox Inc., aka New-Co Chemical, Inc., and 14 other affiliates
filed for Chapter 11 protection (Bankr. S.D.N.Y. Case No.
09-10156) on Jan. 13, 2009, before Hon. Allan L. Gropper.  Richard
M. Cieri, Esq., Jonathan S. Henes, Esq., and Colin M. Adams, Esq.,
at Kirkland & Ellis LLP in New York, represented the Debtors.  The
Debtors also tapped Togut, Segal & Segal LLP as conflicts counsel;
Rothschild Inc. as investment bankers; Alvarez & Marsal North
America LLC, as restructuring consultants; and Kurtzman Carson
Consultants served as notice and claims agent.

An official committee of unsecured creditors and an official
committee of equity security holders were appointed in the cases.
The Creditors Committee retained Paul, Weiss, Rifkind, Wharton &
Garrison LLP as counsel.

Until Sept. 30, 2008, Tronox was publicly traded on the New
York Stock Exchange under the symbols TRX and TRX.B.  Since then,
Tronox has traded on the Over the Counter Bulletin Board under the
symbols TROX.A.PK and TROX.B.PK.  As of Dec. 31, 2008, Tronox
had 19,107,367 outstanding shares of class A common stock and
22,889,431 outstanding shares of class B common stock.

On Nov. 17, 2010, the Bankruptcy Court confirmed the Debtors'
First Amended Joint Plan of Reorganization under Chapter 11 of the
Bankruptcy Code, dated Nov. 5, 2010.  Under the Plan, Tronox
reorganized around its existing operating businesses, including
its facilities at Oklahoma City, Oklahoma; Hamilton, Mississippi;
Henderson, Nevada; Botlek, The Netherlands and Kwinana, Australia.


VAN ZANDT: IRS To Recover 100% Over 60 Months
---------------------------------------------
Van Zandt Holding Company, LLC, filed with the U.S. Bankruptcy
Court for the Eastern District of Texas a disclosure statement
referring to the Debtor's Chapter 11 plan dated Nov. 28, 2016.

Class 4 Allowed Unsecured Claim of I.R.S. -- estimated at $1,500 --
is impaired under the Plan.  If applicable, will be paid pro rata
through the Plan starting on the distribution date and the same day
of each successive 60 months.  The claimholder is expected to
recover 100%.

The Plan provides for two sources of funding from the Debtor.  A
portion of the Debtor's net monthly income which will be dedicated
to ad valorem tax claims and the I.R.S. and State Comptroller tax
claims.  The much larger portion of the plan funding will be
provided by the sale of real estate interests owned by the Debtor.
All of the real estate located in Van Zandt County, Texas, is
subject to a judicial lien, abstracted by Tod and Tommie White in
the amount of $185,897.83.

The Disclosure Statement is available at:

           http://bankrupt.com/misc/txeb16-60061-27.pdf

The Plan was filed by the Debtor's bankruptcy counsel:

     Gordon Mosley, Esq.         
     GORDON MOSLEY        
     4411 Old Bullard Road, Suite 700        
     Tyler, Texas 75703        
     Tel: (903) 534-5395        
     Fax: (903) 581-4038  
     E-mail: gmosley@suddenlinkmail.com

Van Zandt Holding Company, LLC, filed for Chapter 11 bankruptcy
protection (Bankr. E.D. Tex. Case No. 16-60061) Feb. 1, 2016,
estimating its assets at between $500,001 and $1 million and its
liabilities at between $100,001 and $500,000.  Gordon Mosley, Esq.,
serves as the Debtor's bankruptcy counsel.


VAPOR CORP: Systemax Exec John Ollet Joins as CFO
-------------------------------------------------
Vapor Corp. announced that the Company has appointed John A. Ollet
to serve as the Company's new chief financial officer.

Effective as of Dec. 12, 2016, Gina Hicks resigned from her
position as chief financial officer of the Company.

"We are extremely pleased to welcome John to the Vapor executive
team," said Jeffrey Holman, chief executive officer of Vapor.  "He
brings the financial experience Vapor needs as we continue to
advance our growth and acquisition strategy.  This is an exciting
stage in our company's growth and John's strong public company
experience makes him ideal for our organization."

Mr. Ollet previously served as executive vice president-finance for
Systemax, Inc. (NYSE:SYX) North America Technology Division from
2006 to 2016.  His prior chief financial officer experience also
includes serving as vice president and chief financial officer of
Arrow Cargo Holdings, Inc., an airline logistics company, and VP
Finance/CFO - The Americas - Cargo Division, KLM Royal Dutch
Airlines, an airline company.

In connection with Mr. Ollet's appointment as chief financial
officer of the Company, the Company and Mr. Ollet entered into an
Employment Agreement, dated Dec. 12, 2016.  The Employment
Agreement has a term of three years.  Mr. Ollet's initial base
salary will be $180,000 per year.  Mr. Ollet will be eligible to
receive (i) a one-time sign-on bonus of $5,500 and (ii) options to
acquire 1,000,000,000 shares of the Company's common stock, which
options will vest in four equal installments on each of May 15,
2017, Nov. 15, 2017, May 15, 2018, and Nov. 15, 2018, provided that
Mr. Ollet is employed by the Company on each such date.  Mr. Ollet
will also be entitled to bonuses and other incentives at the
discretion of the Company, based in part on Mr. Ollet's
performance.

Mr. Ollet received a bachelor's degree in finance/economics and a
master's degree in business administration from Florida
International University and is a certified public accountant.

                     About Vapor Corp

Vapor Corp. operates 20 vape stores in the Southeastern United
States and online where it sells vaporizers, liquids for vaporizers
and e-cigarettes.  The Company also designs, markets and
distributes electronic cigarettes, vaporizers, e-liquids and
accessories under the Vapor X, Hookah Stix, Vaporin, Krave, and
Honey Stick brands.  "Electronic cigarettes" or "e-cigarettes," and
"vaporizers" are battery-powered products that enable users to
inhale nicotine vapor without fire, smoke, tar, ash, or carbon
monoxide.  The Company also designs and develops private label
brands for its distribution customers.  Third party manufacturers
manufacture the Compoany's products to meet its design
specifications.  The Company markets its products as alternatives
to traditional tobacco cigarettes and cigars.  In 2014, as a
response to market product demand changes, Vapor began to shift its
primary focus from electronic cigarettes to vaporizers.

Vapor Corp reported a net loss allocable to common shareholders of
$36.26 million in 2015 following a net loss allocable to common
shareholders of $13.85 million in 2014.  As of Sept. 30, 2016,
Vapor Corp. had $20.76 million in total assets, $48.72 million in
total liabilities and a total stockholders' deficit of $27.95
million.
  
Marcum LLP, in New York, NY, issued a "going concern" qualification
on the consolidated financial statements for the year ended Dec.
31, 2015, citing that Company has incurred net losses and needs to
raise additional funds to meet its obligations and sustain its
operations.  In addition, the Company currently does not have
enough authorized common shares to settle all of its outstanding
warrants if those warrants were exercised pursuant to their
cashless exercise provisions.  As a result, the Company could be
required to settle a portion of these warrants with cash. These
conditions raise substantial doubt about the Company's ability to
continue as a going concern.


VIAWEST INC: Moody's Affirms B2 Corporate Family Rating
-------------------------------------------------------
Moody's Investors Service affirmed ViaWest, Inc.'s B2 corporate
family rating, B2-PD probability of default rating, and changed the
ratings outlook to stable from negative. As part of the same rating
action, Moody's also affirmed ViaWest's B2 senior secured revolving
credit facility rating and affirmed Shaw Data Centre LP's B2 senior
secured term loan B rating. Shaw Data Centre LP is a sister company
to ViaWest, is the term loan borrower and is guaranteed by
ViaWest.

The rating action was prompted by Moody's updated expectation that
despite ongoing cash flow deficits, ViaWest's leverage of
debt/EBITDA will remain approximately 5.5x over the next two years.
With this and given Shaw Communications Inc.'s (Baa3 stable)
sponsorship, cash flow deficits are expected to be manageable.

The following summarizes Moody's ratings and today's rating actions
for ViaWest:

Issuer: ViaWest, Inc.

-- Corporate Family Rating, Affirmed at B2

-- Probability of Default Rating, Affirmed at B2-PD

-- Outlook, Changed to Stable from Negative

-- Senior Secured Revolving Credit Facility, Affirmed at B2 (LGD3
from LGD4)

Issuer: Shaw Data Centre LP

-- Senior Secured Term Loan B, Affirmed at B2 (LGD3 from LGD4)

RATINGS RATIONALE

ViaWest's B2 corporate family rating reflects its weak free cash
flow profile and acquisitive strategy, the combination of which
suggests the potential of additional financing being required to
sustain operations as ViaWest invests in additional capacity to
take advantage of growing demand. While the company's small size
and economy-of-scale competitive disadvantages compared to very
large global competitors amplify financial flexibility concerns,
Shaw's sponsorship differentiates ViaWest from the latter's
B3-rated peers and Moody's expects leverage of debt/EBITDA to be
about 5.5x. Viawest's stable base of contracted recurring revenues,
its position in smaller markets with less intense competitive
dynamics, and the currently strong market demand for
colocation/managed services are credit-positive considerations.

Moody's expects ViaWest to have adequate liquidity over the next
twelve months. Moody's projects ViaWest will consume up to about
$50 million of cash over the next 12 months due to high capital
intensity, and expects the company to continue relying heavily upon
its revolving credit facility. Moody's anticipates ample covenant
compliance room as ViaWest accesses the revolver to backstop
working capital swings and to fund its aggressive capital program.

Rating Outlook

The outlook is stable based on expectations of the that leverage of
debt/EBITDA remaining approximately 5.5x, tempered by expectations
of continued negative free cash flow for the foreseeable future.

What Could Change the Rating - Up

Positive ratings pressure would develop if:

  - Underlying business conditions are favorable, the company is
effectively executing its strategic plans, is showing strong and
sustainable operational performance, and Moody's expected:

  - Debt-to-EBITDA to be sustained at less than 5.0x (5.5x at
    Aug. 31, 2016), and

  - Free cash flow to debt to be sustained above 5% (-3.3% at
    Aug. 31, 2016)

What Could Change the Rating - Down

Alternatively, negative ratings actions could result if:

  - Business conditions are expected to be weak for a prolonged
period, or if liquidity becomes strained, revenue growth slows, or

  - If Moody's adjusted leverage is above 6x (5.5x at Aug. 31,
    2016).

The principal methodology used in these ratings was "Global
Communications Infrastructure Rating Methodology" published in June
2011.

Headquartered in Greenwood Village, Colorado, ViaWest, a
wholly-owned subsidiary of Shaw Communications Inc. of Calgary,
Alberta, is a provider of data center and managed services. The
company currently operates in 8 markets across the United States
and manages a data center in Canada for its parent.


VINH PHAT SUPERMARKET: Seeks March 18 Plan Exclusivity Extension
----------------------------------------------------------------
Vinh Phat Supermarket, Inc., asks the U.S. Bankruptcy Court for the
Eastern District of California to extend the exclusive periods
during which the Debtor has the exclusive right to file a plan of
reorganization, through March 18, 2017, and a new deadline of March
23, 2017 for the Court to confirm the Plan of Reorganization filed
by the Debtor on December 8, 2016.

The Debtor relates that various factors combined to cause it to
seek relief under chapter 11 of the Bankruptcy Code, with the
ultimate goal of preserving the value of its estate's assets and
successfully reorganizing.  

Among other things, the Debtor relates that it has suffered from
the cost and expense caused by lengthy litigation with one of its
shareholders, Muoi Lam, who filed a complaint in Sacramento County
Superior Court against Vinh Phat and her fellow shareholders Suying
Plaskett, Sau Vong, and Chan Cam Ly.  In the State Court
Litigation, Ms. Lam seeks recovery from Vinh Phat for a variety of
employment claims.  In addition, Ms. Lam alleges a claim solely
against Suying Plaskett, Sau Vong, and Chan Cam Ly for breach of
fiduciary duty.  Finally, Ms. Lam alleges a claim against both Vinh
Phat and the Shareholder Defendants for financial elder abuse.

The Debtor obtained an order from the Bankruptcy Court enjoining
Muoi Lam from pursuing the State Court Litigation in state court,
and thereafter transferred the State Court Litigation to the
Bankruptcy Court as Adversary Proceeding No. 16-02209. There is a
settlement conference scheduled to take place between all parties
to the litigation on December 15, 2016.

Because the Debtor believes that a resolution can be reached
between the bankruptcy estate and all of the shareholders, the
Debtor moved forward with filing a plan of reorganization on
December 8, 2016.  Subsequently, the Court has entered an order
conditionally approving the Disclosure Statement, fixing hearing on
confirmation of the Debtor's Plan of Reorganization for January 24,
2017, just two days after the end of the 45-day window for the
Court to confirm the proposed Plan.

                   About Vinh Phat Supermarket

Vinh Phat Supermarket, Inc., based in Sacramento, CA, filed a
Chapter 11 petition (Bankr. E.D. Cal. Case No. 16-24672) on July
18, 2016. The petition was signed by Eric Vong, board
member/authorized individual.  Judge Christopher M. Klein presides
over the case.  In its petition, the Debtor estimated $500,000 to
$1 million in assets and $1 million to $10 million in liabilities.


The Debtor employs Jamie P. Dreher, Esq., at Downey Brand LLP, as
its bankruptcy counsel; and Gonzales & Sisto LLP as its accountant.


VINH PHAT SUPERMARKET: Unsecureds To Recover 100% Over 3 Years
--------------------------------------------------------------
Vinh Phat Supermarket Inc., filed with the U.S. Bankruptcy Court
for the Eastern District of California a small business disclosure
statement describing its plan of reorganization, dated Dec. 8,
2016, which proposes to give general unsecured creditors a
distribution of 100% of their allowed claims without interest and
over time.

Class 3-2 consists of general unsecured creditors, which will be
paid a percentage of their claims over time. The percentage will be
determined based on the amount available after all other plan
payments are made. Beginning at the end of the first quarter
following the Effective Date, a minimum of 25% of the amount
general unsecured claims will be paid quarterly over four quarters
in equal installments; the remaining percentage will be paid over
no longer than a period of three years in equal quarterly
installments directly from the payments to be received by the
Debtor from the promissory note from the purchaser.

The Plan will be funded from cash on hand and by the sale of the
business. The current offer for the Debtor's assets is cash of
$425,782, issuance of a promissory note amortized over and fully
due and payable in three years for $692,711, and quarterly payments
over one year of $586,823.30 for inventory sold by the purchaser,
for total consideration of $1,705,316.

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

          http://bankrupt.com/misc/caeb16-24672-148.pdf

                    About Vinh Phat Supermarket

Vinh Phat Supermarket, Inc., based in Sacramento, CA, filed a
Chapter 11 petition (Bankr. E.D. Cal. Case No. 16-24672) on July
18, 2016. The Hon. Christopher M. Klein presides over the case.
Jamie P. Dreher, Esq., at Downey Brand LLP, as bankruptcy counsel.

In its petition, the Debtor estimated $500,000 to $1 million in
assets and $1 million to $10 million in liabilities. The petition
was signed by Eric Vong, board member/authorized individual.


VIOLIN MEMORY: Seeks to Hire Prime Clerk as Claims Agent
--------------------------------------------------------
Violin Memory, Inc. seeks approval from the U.S. Bankruptcy Court
for the District of Delaware to hire Prime Clerk LLC as its claims
and noticing agent.

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

The hourly rates charged by the firm are:

     Analyst                          $30 - $45
     Technology Consultant            $35 - $95
     Consultant/Senior Consultant    $60 - $160
     Director                       $170 - $190  
     COO/Executive Vice-President     No charge

Michael Frishberg, co-president and chief operating officer of
Prime Clerk, disclosed in a court filing that his firm is a
"disinterested person" as defined in section 101(14) of the
Bankruptcy Code.

Prime Clerk can be reached through:

     Michael J. Frishberg
     Prime Clerk LLC
     830 3rd Avenue, 9th Floor
     New York, NY 10022
     Phone: (212) 257-5450  

The Debtor can be reached through:

     Deryck A. Palmer, Esq.
     David S. Forsh, Esq.
     Pillsbury Winthrop Shaw Pittman LLP
     1540 Broadway
     New York, NY 10036-4039
     Tel: (212) 858-1000
     Email: deryck.palmer@pillsburylaw.com
     Email: david.forsh@pillsburylaw.com

          -- and --

     Cecily A. Dumas, Esq.
     Pillsbury Winthrop Shaw Pittman LLP
     Four Embarcadero Center, 22nd Floor
     San Francisco, CA 94111-5998
     Tel: (415) 983-1000
     Email: cecily.dumas@pillsburylaw.com

                        About Violin Memory

Violin Memory, Inc. sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. D. Del. Case No. 16-12782) on December 14,
2016.  The petition was signed by Cory J. Sindelar, chief financial
officer.  

At the time of the filing, the Debtor disclosed $38.93 million in
assets and $145.40 million in liabilities.

Pillsbury Winthrop Shaw Pittman LLP serves as the Debtor's legal
counsel while Bayard, P.A. serves as co-counsel.  The Debtor has
hired Houlihan Lokey Capital, Inc. as financial advisor and
investment banker.

The Debtor develops and supplies memory-based storage systems for
high-speed applications, servers and networks in the Americas,
Europe and the Asia Pacific.  Founded in 2005, the Debtor is
headquartered in Santa Clara, California.


WALTER INVESTMENT: S&P Affirms 'CCC+' Rating on Sr. Unsec. Notes
----------------------------------------------------------------
S&P Global Ratings said that it has reviewed its recovery and
issue-level ratings for Walter Investment Management Corp. 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 the issue-level rating to "B" and
the recovery rating to "3" on the company's
$1.5 billion 2013 Term Loan.  Previously, the issue-level rating
was "B+" and the recovery rating was "2".  S&P's 'CCC+' rating on
the senior unsecured notes and recovery rating of '6' are affirmed.


Simulated default assumptions

   -- A low-interest-rate environment leading to depressed MSR
      valuations
   -- A sustained period of rapid amortization of MSRs with
      limited ability to refinance the repayments
   -- Reduced new origination activity
   -- An increase in borrower delinquencies
   -- An increase in the discount rate to value MSRs

Simplified waterfall

   -- Net enterprise value (after 5% administrative costs):
      $918 million
   -- Collateral value available to secured creditors:
      $918 million
   -- Term loan debt and draw on revolver: $1,491 million
      -- Recovery expectations: 60%-65%  
   -- Collateral value available to senior unsecured creditors:
      $0 million
   -- Senior unsecured debt: $560 million
      -- Recovery expectations: 0%-10%

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

Walter Investment Management Corp.
     Issuer Credit Rating                 B/Negative/--

Ratings Downgraded; Recovery Revised      To         From
     Senior Secured                       B          B+
     Recovery Rating                      3H         2L

Ratings Affirmed
     Senior Unsecured                     CCC+       CCC+
     Recovery Rating                      6          6


WEATHERFORD INTERNATIONAL: Former Archer Exec. Bausch Is New CFO
----------------------------------------------------------------
Weatherford International plc announced the appointment of Mr.
Christoph Bausch as executive vice president and chief financial
officer, effective Dec. 13, 2016.  Bringing many years of financial
and operational management experience, Mr. Bausch joined the
Company in May of 2016 as vice president and controller - product
lines.  Previous to his tenure at Weatherford, and since May of
2011, he served as executive vice president and chief financial
officer of Archer Limited, an oilfield services company publicly
traded in Norway on the Oslo Stock Exchange.  Before his role at
Archer Limited, Mr. Bausch served as a global finance director of
Transocean, after having a 20-year international career with
Schlumberger, where he held senior financial positions in global
and regional capacities in the U.S., the U.A.E., France, Mexico,
Venezuela and Germany across a number of business segments covering
operations, engineering, manufacturing and supply chain. Mr. Bausch
holds an M.B.A. degree from the University of Mannheim, Germany.

Also effective Dec. 13, 2016, Mr. Frederico Justus has been
promoted to the position of President - Region Operations.  Mr.
Justus joined Weatherford in 2010 and, since May 2015, was vice
president of the Middle East and Africa region.  He has over 19
years of oilfield experience across the entire services industry,
which includes managing multiple environments and product lines
spanning several countries.  Mr. Justus is a mechanical and
industrial engineer with a degree from the Federal Technical
University of Parana, Brazil.  His appointment comes as
Weatherford's current president - Regional Operations, Mr. Antony
J. Branch, leaves the Company.  Weatherford is grateful for Mr.
Branch's leadership and contributions over the years.

Both Mr. Bausch and Mr. Justus will report directly to the Chief
Executive Officer.

Commenting on the management appointments, Chief Executive Officer,
Mr. Krishna Shivram stated "Christoph's previous experience as a
public company CFO, his financial expertise, depth of knowledge in
the oil and gas industry as well as leadership capabilities will
further help strengthen our focus on financial discipline, cash
flow generation and improved cost efficiencies. In addition, we are
confident that Frederico, in his new role of President - Region
Operations, with his successful track record and many years of
direct hands-on experience will have a positive impact and help us
reach our objectives and build a stronger Company.  The future is
full of opportunity for Weatherford, and I very much look forward
to working with both Christoph and Frederico to take our company to
the next level."

                   Chief Executive Officer

Effective Dec. 13, 2016, the Compensation Committee of the
Company's board of directors approved supplemental payment of
$400,000 per quarter, prorated, for Mr. Krishna Shivram, interim
chief executive officer, commencing Nov. 9, 2016, and for as long
as he is interim chief executive officer of the Company.  Mr.
Shivram is also eligible for an additional performance bonus of up
to $1.5 million, based on the successful achievement of certain
measurable (non-discretionary) objectives during his service as
interim chief executive officer.

                       About Weatherford

Ireland-based Weatherford International plc (NYSE: WFT) --
http://www.weatherford.com/-- is one of the largest multinational
oilfield service companies providing innovative solutions,
technology and services to the oil and gas industry.  The Company
operates in over 100 countries and has a network of approximately
1,000 locations, including manufacturing, service, research and
development, and training facilities and employs approximately
31,000 people.  

As of Sept. 30, 2016, Weatherford had $12.63 billion in total
assets, $10.25 billion in total liabilities and $2.38 billion in
total shareholders' equity.

Weatherford reported a net loss attributable to the Company of
$1.98 billion for the year ended Dec. 31, 2015, following a net
loss of attributable to the Company of $584 million for the year
ended Dec. 31, 2014.

                         *     *     *

In November 2016, Fitch Ratings has downgraded the ratings for
Weatherford and its subsidiaries, including the companies'
Long-Term Issuer Default Ratings (IDRs) to 'CCC' from 'B+'.

In November 2016, S&P Global Ratings lowered its corporate credit
rating on Weatherford International to 'B+' from 'BB-'.  "The
downgrade reflects our revised free operating cash flow estimates
for Weatherford following weaker-than-anticipated cash inflows in
the third quarter," said S&P Global Ratings credit analyst Carin
Dehne-Kiley.


WILLARD BLANKENSHIP: Apman Buying 8.5% Interest in Apnea for $5K
----------------------------------------------------------------
Willard J. Blankenship asks the U.S. Bankruptcy Court for the
Eastern District of California to authorize the sale of his 8.5%
interest in Apnea Analysis Center, Inc., to Kevin Apman for $5,000,
subject to overbid.

A hearing on the Motion is set for Jan. 12, 2017 at 10:30 a.m.

Blankenship commenced the case as a voluntary Chapter 11 on in
October 2015.  The Order Confirming the Debtor's Chapter 11 Plan
was entered on Oct. 11, 2016.  The confirmed Plan contemplates a
sale of the Property by noticed motion.

Blankenship's original investment was likely $5,000 or $10,000
although he no longer remembers.  The corporation has paid
occasional dividends but Blankenship's interest is a minority
interest and David Moore, the President and majority owner (83%
interest), has the controlling interest and the ability to
determine when and if dividends will be paid.  For these reasons
the value of $5,000 was given to the shares in the schedules filed
in the case.

Moore has reported that there are negotiations for the purchase of
the company as a whole.  These negotiations, so far, have not
resulted in an offer acceptable to Moore.  

If Moore accepts an offer for the company as a whole prior to the
hearing of the motion, which would result in a greater valuation
than $5,000 for the bankruptcy estate's interest, the present
motion will be withdrawn.  

To Blankenship's knowledge Moore has been in negotiations with
several potential purchasers for more than a decade, to date no
offer has been accepted by Moore.  The confirmed Chapter 11 Plan
requires that the estate's interest in Apnea Analysis Center be
sold within one year of Plan confirmation.

The Purchaser, a friend of Blankenship, has deposited $5,000 in
Stephen Reynolds client trust account.  There are no liens against
the shares.  The sale is where is, as is, without any warranty
express or implied.  Blankenship has never had any management role
or any role other than an early investor.

Willard J Blankenship filed a Chapter 11 petition (Bankr. E.D.
Cal.
Case No. 15-28108) on Oct. 17, 2015, and is represented by:

          Stephen M. Reynolds, Esq.
          Reynolds Law Corporation
          424 Second Street, Ste. A
          Davis, CA 95616
          Tel: 530 297 5030
          Fax: 530 297 5077
          E-mail: sreynolds@lr-law.net


YOGI CARPET: Seeks to Hire Latham Shuker as Legal Counsel
---------------------------------------------------------
Yogi Carpet & Tile Inc. seeks approval from the U.S. Bankruptcy
Court for the Middle District of Florida to hire legal counsel in
connection with its Chapter 11 case.

The Debtor proposes to hire Latham, Shuker, Eden & Beaudine, LLP to
give legal advice regarding its duties under the Bankruptcy Code,
assist in the preparation of a bankruptcy plan, and provide other
legal services.

The hourly rates charged by the firm range from $105 to $550.

Latham does not represent any interest adverse to the Debtor or its
bankruptcy estate.

The firm can be reached through:

     Justin M. Luna, Esq.
     Daniel A. Velasquez, Esq.
     Latham, Shuker, Eden & Beaudine, LLP
     111 N. Magnolia Ave., Suite 1400
     Orlando, FL 32801
     Tel: (407) 481-5800
     Fax: (407) 481-5801
     Email: jluna@lseblaw.com
     Email: dvelasquez@lseblaw.com
     Email: bknotice@lseblaw.com

                    About Yogi Carpet & Tile

Yogi Carpet & Tile, Inc. is a family-owned and operated flooring
business formed in June, 1995.  The Debtor owns and operates a
22,000 square foot flooring showroom at: 7309 E. Colonial Drive,
Orlando, Florida 32807 and offers a wide selection of wood, tile
and laminate flooring and carpet.

Yogi Carpet & Tile, Inc., d/b/a D'Best Carpet & Tile, d/b/a D'Best
Floorz & More, filed a Chapter 11 petition (Bankr. M.D. Fla. Case
No. 16-07776) on Nov. 30, 2016.  The Petition was signed by Dario
Hernandez, president.  The Debtor is represented by Daniel A.
Velasquez, Esq. and Justin M. Luna, Esq. of Latham, Shuker, Eden &
Beaudine, LLP.  At the time of filing, the Debtor estimated assets
and liabilities at $1 million to $10 million each.


YRC WORLDWIDE: Plans to Offer $350 Million Worth of Securities
--------------------------------------------------------------
YRC Worldwide Inc. filed a Form S-3 registration statement with the
Securities and Exchange Commission relating to the offer and sale,
from time to time, in one or more offerings, of any combination of
the following types of securities:

   * debt securities, in one or more series, which may be senior
     debt securities or subordinated debt securities and secured
     debt securities or unsecured debt securities, in each case
     consisting of notes or other evidences of indebtedness;

   * warrants to purchase debt securities;

   * shares of the Company's common stock;

   * warrants to purchase common stock;

   * shares of the Company's preferred stock;

   * depositary shares;

   * purchase contracts;

   * units;

   * subscription rights; or

   * any combination of these securities.

The securities will have an aggregate initial offering price of up
to $350,000,000 or an equivalent amount in U.S. dollars if any
securities are denominated in a currency other than U.S. dollars.
The securities may be offered separately or together in any
combination and as separate series.

The Company's common stock is traded on the Nasdaq Global Select
Market under the symbol "YRCW."  If the Company decides to list or
seek a listing for any other securities, the related prospectus
supplement will disclose the exchange or market on which the
securities will be listed or where the Company has made an
application for listing, as applicable.

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

                      https://is.gd/pI26Ij

                      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
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.


[*] Joshua Damon Joins Ankura's Turnaround & Restructuring Group
----------------------------------------------------------------
Ankura Consulting Group, a business advisory and expert services
firm, on Dec. 14 announced the appointment of Josh Damon as Senior
Managing Director.  Based in the firm's Chicago office, Mr. Damon
will work within Ankura's Turnaround & Restructuring group.

Mr. Josh Damon joins Ankura with more than 15 years of experience
operating, advising and investing in companies across numerous
industries and stages.  He specializes in developing and executing
operational improvements, strategic plans and turnaround services
for companies and their investors.  He leverages his experience as
a C-Level executive, private equity investor and turnaround advisor
to collaborate with management, shareholders and lenders to drive
meaningful improvements in financial and operational performance
for his clients.  Most recently, Mr. Damon was the Chief Financial
Officer at Uptake Technologies.

"Josh brings extensive experience transforming companies to greater
levels of sustainable financial and operational performance," said
Kevin Lavin, Co-President of Ankura.  "His hands-on approach to
quickly identify and implement solutions to generate meaningful
results will make him an asset to Ankura and its clients."

Mr. Damon can be reached at:

         Josh Damon
         Senior Managing Director
         ANKURA CONSULTING GROUP
         30 S. Wacker Drive, Suite 2200, Chicago, IL 60606
         Main: +1.312.466.5749
         Mobile: +1.773.580.9084
         E-mail: josh.damon@ankuraconsulting.com

                 About Ankura Consulting Group

Ankura Consulting Group -- http://www.ankuraconsulting.com/-- is a
business advisory and expert services firm.  Its deep understanding
of the opportunities and challenges clients face enables its team
to provide impactful, senior-level counsel.  As an independent firm
built on five key principles -- Integrity, Quality, Diversity,
Collaboration and Longevity -- Ankura's relationships extend beyond
one engagement or issue.  The firm empowers its industry experts to
provide a high-touch, unique approach for its clients in critical
times.  Ankura's offering includes a wide range of services offered
within its Data Analytics & Technology Services, Investigations &
Accounting Advisory, Litigation & Disputes, Regulatory &
Contractual Compliance, Risk, Resilience & Geopolitical, Turnaround
& Restructuring groups.  


[^] Large Companies with Insolvent Balance Sheet
------------------------------------------------
                                                Total
                                               Share-      Total
                                    Total    Holders'    Working
                                   Assets      Equity    Capital
  Company         Ticker            ($MM)       ($MM)      ($MM)

ABSOLUTE SOFTWRE  ABT CN            101.7       (45.3)     (35.4)
ABSOLUTE SOFTWRE  ALSWF US          101.7       (45.3)     (35.4)
ABSOLUTE SOFTWRE  ABT2EUR EU        101.7       (45.3)     (35.4)
ABSOLUTE SOFTWRE  OU1 GR            101.7       (45.3)     (35.4)
ADVANCED EMISSIO  OXQ1 GR            40.5        (0.3)      (1.4)
ADVANCED EMISSIO  ADES US            40.5        (0.3)      (1.4)
ADVANCEPIERRE FO  APFH US         1,210.5      (329.7)     254.3
ADVANCEPIERRE FO  APFHEUR EU      1,210.5      (329.7)     254.3
AEROJET ROCKETDY  GCY GR          1,952.0       (63.9)      82.6
AEROJET ROCKETDY  AJRDEUR EU      1,952.0       (63.9)      82.6
AEROJET ROCKETDY  AJRD US         1,952.0       (63.9)      82.6
AEROJET ROCKETDY  GCY TH          1,952.0       (63.9)      82.6
AGENUS INC        AGEN US           174.8       (21.0)      74.7
AGENUS INC        AGENEUR EU        174.8       (21.0)      74.7
AGENUS INC        AJ81 GR           174.8       (21.0)      74.7
AGENUS INC        AJ81 TH           174.8       (21.0)      74.7
AK STEEL HLDG     AKS* MM         3,920.8      (275.2)     766.6
AK STEEL HLDG     AKS US          3,920.8      (275.2)     766.6
AK STEEL HLDG     AK2 GR          3,920.8      (275.2)     766.6
AK STEEL HLDG     AK2 TH          3,920.8      (275.2)     766.6
AMER RESTAUR-LP   ICTPU US           33.5        (4.0)      (6.2)
ANGIE'S LIST INC  ANGIEUR EU        159.9        (8.8)     (33.9)
ANGIE'S LIST INC  8AL GR            159.9        (8.8)     (33.9)
ANGIE'S LIST INC  ANGI US           159.9        (8.8)     (33.9)
ARCH COAL IN-W/I  ACI-W US        4,658.1    (1,676.1)     662.2
ARCH COAL INC     ACC QT          4,658.1    (1,676.1)     662.2
ARCH COAL INC     ACIIQ* MM       4,658.1    (1,676.1)     662.2
ARCH COAL INC     ACIIQ US        4,658.1    (1,676.1)     662.2
ARCH COAL INC-A   ARCH US         4,658.1    (1,676.1)     662.2
ARCH COAL INC-A   ARCH1EUR EU     4,658.1    (1,676.1)     662.2
ARIAD PHARM       APS TH            676.6       (46.3)     240.4
ARIAD PHARM       APS QT            676.6       (46.3)     240.4
ARIAD PHARM       ARIACHF EU        676.6       (46.3)     240.4
ARIAD PHARM       ARIA SW           676.6       (46.3)     240.4
ARIAD PHARM       APS GR            676.6       (46.3)     240.4
ARIAD PHARM       ARIA US           676.6       (46.3)     240.4
ARIAD PHARM       ARIAEUR EU        676.6       (46.3)     240.4
ARRAY BIOPHARMA   AR2 GR            166.9       (52.1)      93.8
ARRAY BIOPHARMA   AR2 TH            166.9       (52.1)      93.8
ARRAY BIOPHARMA   ARRYEUR EU        166.9       (52.1)      93.8
ARRAY BIOPHARMA   ARRY US           166.9       (52.1)      93.8
ASPEN TECHNOLOGY  AZPN US           289.9      (183.6)    (186.0)
ASPEN TECHNOLOGY  AST QT            289.9      (183.6)    (186.0)
ASPEN TECHNOLOGY  AST TH            289.9      (183.6)    (186.0)
ASPEN TECHNOLOGY  AST GR            289.9      (183.6)    (186.0)
ASPEN TECHNOLOGY  AZPNEUR EU        289.9      (183.6)    (186.0)
AUTOZONE INC      AZO US          8,742.5    (1,895.2)    (481.5)
AUTOZONE INC      AZ5 GR          8,742.5    (1,895.2)    (481.5)
AUTOZONE INC      AZOEUR EU       8,742.5    (1,895.2)    (481.5)
AUTOZONE INC      AZ5 TH          8,742.5    (1,895.2)    (481.5)
AUTOZONE INC      AZ5 QT          8,742.5    (1,895.2)    (481.5)
AVID TECHNOLOGY   AVD GR            262.9      (272.7)     (91.6)
AVID TECHNOLOGY   AVID US           262.9      (272.7)     (91.6)
AVISTA HEALTHCAR  AHPAUEUR EU         0.8        (0.0)      (0.7)
AVISTA HEALTHCAR  AWF GR              0.8        (0.0)      (0.7)
AVISTA HEALTHCAR  AHPAU US            0.8        (0.0)      (0.7)
AVON - BDR        AVON34 BZ       3,905.5      (336.4)     853.1
AVON PRODUCTS     AVP US          3,905.5      (336.4)     853.1
AVON PRODUCTS     AVP TH          3,905.5      (336.4)     853.1
AVON PRODUCTS     AVP* MM         3,905.5      (336.4)     853.1
AVON PRODUCTS     AVP CI          3,905.5      (336.4)     853.1
AVON PRODUCTS     AVP QT          3,905.5      (336.4)     853.1
AVON PRODUCTS     AVP GR          3,905.5      (336.4)     853.1
AXIM BIOTECHNOLO  AXIM US             1.2        (3.2)      (3.0)
BARRACUDA NETWOR  CUDA US           436.0       (15.8)     (23.7)
BARRACUDA NETWOR  7BM GR            436.0       (15.8)     (23.7)
BARRACUDA NETWOR  CUDAEUR EU        436.0       (15.8)     (23.7)
BARRACUDA NETWOR  7BM QT            436.0       (15.8)     (23.7)
BENEFITFOCUS INC  BNFT US           153.4       (35.4)       4.3
BENEFITFOCUS INC  BTF GR            153.4       (35.4)       4.3
BLUE BIRD CORP    BLBD US           277.9       (87.0)       9.6
BOMBARDIER INC-B  BBDBN MM       23,876.0    (3,865.0)   1,686.0
BOMBARDIER-B OLD  BBDYB BB       23,876.0    (3,865.0)   1,686.0
BOMBARDIER-B W/I  BBD/W CN       23,876.0    (3,865.0)   1,686.0
BRINKER INTL      EAT US          1,458.5      (551.1)    (251.2)
BRINKER INTL      BKJ QT          1,458.5      (551.1)    (251.2)
BRINKER INTL      BKJ GR          1,458.5      (551.1)    (251.2)
BRINKER INTL      EAT2EUR EU      1,458.5      (551.1)    (251.2)
BUFFALO COAL COR  BUC SJ             50.0       (20.4)     (18.0)
BURLINGTON STORE  BUI GR          2,688.1      (135.4)      27.2
BURLINGTON STORE  BURL US         2,688.1      (135.4)      27.2
BURLINGTON STORE  BURL* MM        2,688.1      (135.4)      27.2
CADIZ INC         CDZI US            59.0       (70.2)     (39.7)
CADIZ INC         2ZC GR             59.0       (70.2)     (39.7)
CAESARS ENTERTAI  CZR US         15,351.0      (971.0)  (2,334.0)
CAESARS ENTERTAI  C08 GR         15,351.0      (971.0)  (2,334.0)
CALIFORNIA RESOU  CRCEUR EU       6,332.0      (493.0)    (302.0)
CALIFORNIA RESOU  1CLB GR         6,332.0      (493.0)    (302.0)
CALIFORNIA RESOU  1CL TH          6,332.0      (493.0)    (302.0)
CALIFORNIA RESOU  CRC US          6,332.0      (493.0)    (302.0)
CAMBIUM LEARNING  ABCD US           159.5       (65.5)     (49.9)
CAMPING WORLD-A   CWHEUR EU       1,367.5      (354.3)     197.2
CAMPING WORLD-A   CWH US          1,367.5      (354.3)     197.2
CAMPING WORLD-A   C83 GR          1,367.5      (354.3)     197.2
CARRIZO OIL&GAS   CO1 GR          1,420.5      (205.4)    (152.2)
CARRIZO OIL&GAS   CRZO US         1,420.5      (205.4)    (152.2)
CARRIZO OIL&GAS   CRZOEUR EU      1,420.5      (205.4)    (152.2)
CARRIZO OIL&GAS   CO1 TH          1,420.5      (205.4)    (152.2)
CARRIZO OIL&GAS   CO1 QT          1,420.5      (205.4)    (152.2)
CASELLA WASTE     CWST US           635.3       (13.9)       2.2
CASELLA WASTE     WA3 GR            635.3       (13.9)       2.2
CEB INC           FC9 GR          1,467.4       (85.8)    (123.7)
CEB INC           CEB US          1,467.4       (85.8)    (123.7)
CHESAPEAKE ENERG  CS1 GR         12,523.0      (932.0)  (2,539.0)
CHESAPEAKE ENERG  CHK* MM        12,523.0      (932.0)  (2,539.0)
CHESAPEAKE ENERG  CS1 TH         12,523.0      (932.0)  (2,539.0)
CHESAPEAKE ENERG  CHK US         12,523.0      (932.0)  (2,539.0)
CHOICE HOTELS     CHH US            846.3      (337.4)     113.4
CHOICE HOTELS     CZH GR            846.3      (337.4)     113.4
CINCINNATI BELL   CBBEUR EU       1,529.9      (194.8)     (40.7)
CINCINNATI BELL   CIB1 GR         1,529.9      (194.8)     (40.7)
CINCINNATI BELL   CBB US          1,529.9      (194.8)     (40.7)
CLEAR CHANNEL-A   C7C GR          5,675.6      (995.0)     616.1
CLEAR CHANNEL-A   CCO US          5,675.6      (995.0)     616.1
CLIFFS NATURAL R  CVA QT          1,772.9    (1,400.5)     376.1
CLIFFS NATURAL R  CVA GR          1,772.9    (1,400.5)     376.1
CLIFFS NATURAL R  CLF2EUR EU      1,772.9    (1,400.5)     376.1
CLIFFS NATURAL R  CLF US          1,772.9    (1,400.5)     376.1
CLIFFS NATURAL R  CVA TH          1,772.9    (1,400.5)     376.1
CLIFFS NATURAL R  CLF* MM         1,772.9    (1,400.5)     376.1
COGENT COMMUNICA  OGM1 GR           617.6       (40.5)     140.3
COGENT COMMUNICA  CCOI US           617.6       (40.5)     140.3
COMMUNICATION     CSAL US         3,217.5    (1,287.0)       -
COMMUNICATION     8XC GR          3,217.5    (1,287.0)       -
CONTURA ENERGY I  CNTE US           827.7        (4.6)      56.6
CPI CARD GROUP I  PNT CN            270.7       (89.0)      58.7
CPI CARD GROUP I  CPB GR            270.7       (89.0)      58.7
CPI CARD GROUP I  PMTS US           270.7       (89.0)      58.7
DELEK LOGISTICS   D6L GR            393.2       (14.0)       4.8
DELEK LOGISTICS   DKL US            393.2       (14.0)       4.8
DENNY'S CORP      DENN US           297.7       (53.8)     (48.1)
DENNY'S CORP      DE8 GR            297.7       (53.8)     (48.1)
DOMINO'S PIZZA    EZV GR            676.6    (1,936.1)      62.1
DOMINO'S PIZZA    EZV QT            676.6    (1,936.1)      62.1
DOMINO'S PIZZA    EZV TH            676.6    (1,936.1)      62.1
DOMINO'S PIZZA    DPZ US            676.6    (1,936.1)      62.1
DUN & BRADSTREET  DB5 TH          2,016.9    (1,054.3)    (151.7)
DUN & BRADSTREET  DB5 GR          2,016.9    (1,054.3)    (151.7)
DUN & BRADSTREET  DNB1EUR EU      2,016.9    (1,054.3)    (151.7)
DUN & BRADSTREET  DNB US          2,016.9    (1,054.3)    (151.7)
DUNKIN' BRANDS G  2DB GR          3,145.6      (167.2)     181.6
DUNKIN' BRANDS G  DNKN US         3,145.6      (167.2)     181.6
DUNKIN' BRANDS G  DNKNEUR EU      3,145.6      (167.2)     181.6
DUNKIN' BRANDS G  2DB TH          3,145.6      (167.2)     181.6
EASTMAN KODAK CO  KODK US         1,981.0       (23.0)     814.0
EASTMAN KODAK CO  KODN GR         1,981.0       (23.0)     814.0
ENERGIZER HOLDIN  ENR US          1,731.5       (30.0)     356.4
ENERGIZER HOLDIN  EGG GR          1,731.5       (30.0)     356.4
ENERGIZER HOLDIN  ENR-WEUR EU     1,731.5       (30.0)     356.4
ERIN ENERGY CORP  ERN SJ            342.4      (161.2)    (255.1)
FAIRMOUNT SANTRO  FMSA US         1,239.0       (13.3)     284.0
FAIRMOUNT SANTRO  FMSAEUR EU      1,239.0       (13.3)     284.0
FAIRMOUNT SANTRO  FM1 GR          1,239.0       (13.3)     284.0
FAIRPOINT COMMUN  FONN GR         1,248.8       (41.0)      11.0
FAIRPOINT COMMUN  FRP US          1,248.8       (41.0)      11.0
FERRELLGAS-LP     FGP US          1,667.2      (746.9)    (123.1)
FERRELLGAS-LP     FEG GR          1,667.2      (746.9)    (123.1)
FORESIGHT ENERGY  FELP US         1,735.8       (70.0)      55.4
FORESIGHT ENERGY  FHR GR          1,735.8       (70.0)      55.4
GAMCO INVESTO-A   GBL US            121.3      (199.1)       -
GARTNER INC       IT US           2,277.7       (10.5)    (171.5)
GARTNER INC       GGRA GR         2,277.7       (10.5)    (171.5)
GCP APPLIED TECH  GCP US          1,061.0      (118.4)     282.5
GCP APPLIED TECH  43G GR          1,061.0      (118.4)     282.5
GENESIS HEALTHCA  SH11 GR         5,886.6      (771.5)     237.4
GENESIS HEALTHCA  GEN US          5,886.6      (771.5)     237.4
GOGO INC          GOGO US         1,224.2       (18.0)     398.4
GOGO INC          G0G GR          1,224.2       (18.0)     398.4
GREEN PLAINS PAR  GPP US             88.9       (67.0)       3.5
GREEN PLAINS PAR  8GP GR             88.9       (67.0)       3.5
GUIDANCE SOFTWAR  ZTT GR             74.8        (1.1)     (20.9)
GUIDANCE SOFTWAR  GUID US            74.8        (1.1)     (20.9)
H&R BLOCK INC     HRB GR          2,082.2      (557.5)     268.6
H&R BLOCK INC     HRB US          2,082.2      (557.5)     268.6
H&R BLOCK INC     HRB TH          2,082.2      (557.5)     268.6
H&R BLOCK INC     HRB QT          2,082.2      (557.5)     268.6
H&R BLOCK INC     HRBEUR EU       2,082.2      (557.5)     268.6
HALOZYME THERAPE  HALO US           282.5       (12.0)     219.9
HALOZYME THERAPE  RV7 GR            282.5       (12.0)     219.9
HALOZYME THERAPE  HALOEUR EU        282.5       (12.0)     219.9
HALOZYME THERAPE  RV7 QT            282.5       (12.0)     219.9
HCA HOLDINGS INC  2BH TH         33,127.0    (6,163.0)   3,688.0
HCA HOLDINGS INC  2BH GR         33,127.0    (6,163.0)   3,688.0
HCA HOLDINGS INC  HCA US         33,127.0    (6,163.0)   3,688.0
HCA HOLDINGS INC  HCAEUR EU      33,127.0    (6,163.0)   3,688.0
HELIX TCS INC     HLIX US             4.3        (1.7)      (0.9)
HOVNANIAN-A-WI    HOV-W US        2,379.4      (128.5)   1,323.6
HP COMPANY-BDR    HPQB34 BZ      29,010.0    (3,889.0)    (340.0)
HP INC            7HP GR         29,010.0    (3,889.0)    (340.0)
HP INC            7HP TH         29,010.0    (3,889.0)    (340.0)
HP INC            HWP QT         29,010.0    (3,889.0)    (340.0)
HP INC            HPQ TE         29,010.0    (3,889.0)    (340.0)
HP INC            HPQ US         29,010.0    (3,889.0)    (340.0)
HP INC            HPQ* MM        29,010.0    (3,889.0)    (340.0)
HP INC            HPQUSD SW      29,010.0    (3,889.0)    (340.0)
HP INC            HPQCHF EU      29,010.0    (3,889.0)    (340.0)
HP INC            HPQ CI         29,010.0    (3,889.0)    (340.0)
HP INC            HPQ SW         29,010.0    (3,889.0)    (340.0)
IBI GROUP INC     IBG CN            271.9       (17.5)      41.6
IMMUNOMEDICS INC  IM3 TH             40.6       (73.0)      21.8
IMMUNOMEDICS INC  IM3 GR             40.6       (73.0)      21.8
IMMUNOMEDICS INC  IMMU US            40.6       (73.0)      21.8
INFOR ACQUISIT-A  IAC/A CN          233.1        (3.8)       0.6
INFOR ACQUISITIO  IAC-U CN          233.1        (3.8)       0.6
INNOVIVA INC      HVE GR            370.5      (367.9)     171.2
INNOVIVA INC      INVA US           370.5      (367.9)     171.2
INTERNATIONAL WI  ITWG US           324.8       (12.0)      99.6
INTERUPS INC      ITUP US             0.0        (2.4)      (2.4)
IRHYTHM TECHNOLO  I25 GR             28.7       (14.2)      12.5
IRHYTHM TECHNOLO  IRTC US            28.7       (14.2)      12.5
IRHYTHM TECHNOLO  IRTCEUR EU         28.7       (14.2)      12.5
JACK IN THE BOX   JACK1EUR EU     1,348.8      (217.2)    (124.2)
JACK IN THE BOX   JACK US         1,348.8      (217.2)    (124.2)
JACK IN THE BOX   JBX GR          1,348.8      (217.2)    (124.2)
JUST ENERGY GROU  JE US           1,321.4      (376.8)    (289.1)
JUST ENERGY GROU  1JE GR          1,321.4      (376.8)    (289.1)
JUST ENERGY GROU  JE CN           1,321.4      (376.8)    (289.1)
KADMON HOLDINGS   KDMNEUR EU         86.8        (8.8)      26.1
KADMON HOLDINGS   KDF GR             86.8        (8.8)      26.1
KADMON HOLDINGS   KDMN US            86.8        (8.8)      26.1
L BRANDS INC      LTD TH          7,663.0    (1,188.0)     879.0
L BRANDS INC      LBEUR EU        7,663.0    (1,188.0)     879.0
L BRANDS INC      LTD QT          7,663.0    (1,188.0)     879.0
L BRANDS INC      LTD GR          7,663.0    (1,188.0)     879.0
L BRANDS INC      LB US           7,663.0    (1,188.0)     879.0
L BRANDS INC      LB* MM          7,663.0    (1,188.0)     879.0
LANTHEUS HOLDING  LNTH US           255.0      (121.2)      71.3
LANTHEUS HOLDING  0L8 GR            255.0      (121.2)      71.3
LEE ENTERPRISES   LEE US            689.1      (127.5)     (21.8)
MADISON-A/NEW-WI  MSGN-W US         822.1    (1,080.3)     188.2
MANITOWOC FOOD    MFS1EUR EU      1,817.7       (72.2)      39.5
MANITOWOC FOOD    6M6 GR          1,817.7       (72.2)      39.5
MANITOWOC FOOD    MFS US          1,817.7       (72.2)      39.5
MANNKIND CORP     MNKD IT            96.1      (238.7)     (57.2)
MCBC HOLDINGS IN  1SG GR             83.5        (1.5)     (18.9)
MCBC HOLDINGS IN  MCFT US            83.5        (1.5)     (18.9)
MCDONALDS - BDR   MCDC34 BZ      32,486.9    (1,624.1)    (174.6)
MCDONALDS CORP    MDO GR         32,486.9    (1,624.1)    (174.6)
MCDONALDS CORP    MCD US         32,486.9    (1,624.1)    (174.6)
MCDONALDS CORP    MCD* MM        32,486.9    (1,624.1)    (174.6)
MCDONALDS CORP    MDO TH         32,486.9    (1,624.1)    (174.6)
MCDONALDS CORP    MCD CI         32,486.9    (1,624.1)    (174.6)
MCDONALDS CORP    MCDUSD SW      32,486.9    (1,624.1)    (174.6)
MCDONALDS CORP    MCDCHF EU      32,486.9    (1,624.1)    (174.6)
MCDONALDS CORP    MDO QT         32,486.9    (1,624.1)    (174.6)
MCDONALDS CORP    MCD SW         32,486.9    (1,624.1)    (174.6)
MCDONALDS CORP    MCD TE         32,486.9    (1,624.1)    (174.6)
MCDONALDS-CEDEAR  MCD AR         32,486.9    (1,624.1)    (174.6)
MDC COMM-W/I      MDZ/W CN        1,642.3      (451.7)    (319.2)
MDC PARTNERS-A    MD7A GR         1,642.3      (451.7)    (319.2)
MDC PARTNERS-A    MDCAEUR EU      1,642.3      (451.7)    (319.2)
MDC PARTNERS-A    MDZ/A CN        1,642.3      (451.7)    (319.2)
MDC PARTNERS-A    MDCA US         1,642.3      (451.7)    (319.2)
MDC PARTNERS-EXC  MDZ/N CN        1,642.3      (451.7)    (319.2)
MEAD JOHNSON      MJN US          4,193.7      (438.7)   1,555.7
MEAD JOHNSON      0MJA GR         4,193.7      (438.7)   1,555.7
MEAD JOHNSON      0MJA TH         4,193.7      (438.7)   1,555.7
MEAD JOHNSON      MJNEUR EU       4,193.7      (438.7)   1,555.7
MEDLEY MANAGE-A   MDLY US           116.6       (23.4)      35.7
MERITOR INC       AID1 GR         2,494.0      (186.0)     148.0
MERITOR INC       MTOREUR EU      2,494.0      (186.0)     148.0
MERITOR INC       MTOR US         2,494.0      (186.0)     148.0
MERRIMACK PHARMA  MACKEUR EU        118.4      (227.1)       1.3
MERRIMACK PHARMA  MACK US           118.4      (227.1)       1.3
MERRIMACK PHARMA  MP6 GR            118.4      (227.1)       1.3
MERRIMACK PHARMA  MP6 QT            118.4      (227.1)       1.3
MICHAELS COS INC  MIK US          2,291.5    (1,659.5)     576.1
MICHAELS COS INC  MIM GR          2,291.5    (1,659.5)     576.1
MICROBOT MEDICAL  CY9B TH             2.1        (2.1)      (1.4)
MICROBOT MEDICAL  MBOT US             2.1        (2.1)      (1.4)
MICROBOT MEDICAL  CY9C GR             2.1        (2.1)      (1.4)
MICROBOT MEDICAL  STEM1EUR EU         2.1        (2.1)      (1.4)
MIDSTATES PETROL  MPO US            695.7    (1,533.1)       1.8
MONEYGRAM INTERN  MGI US          4,426.1      (208.5)       2.7
MOODY'S CORP      DUT TH          5,019.3      (357.9)   1,614.4
MOODY'S CORP      DUT GR          5,019.3      (357.9)   1,614.4
MOODY'S CORP      MCO US          5,019.3      (357.9)   1,614.4
MOODY'S CORP      DUT QT          5,019.3      (357.9)   1,614.4
MOODY'S CORP      MCOEUR EU       5,019.3      (357.9)   1,614.4
MOTOROLA SOLUTIO  MTLA TH         8,619.0      (648.0)   1,643.0
MOTOROLA SOLUTIO  MOT TE          8,619.0      (648.0)   1,643.0
MOTOROLA SOLUTIO  MTLA GR         8,619.0      (648.0)   1,643.0
MOTOROLA SOLUTIO  MSI US          8,619.0      (648.0)   1,643.0
MSG NETWORKS- A   1M4 GR            822.1    (1,080.3)     188.2
MSG NETWORKS- A   MSGNEUR EU        822.1    (1,080.3)     188.2
MSG NETWORKS- A   MSGN US           822.1    (1,080.3)     188.2
MSG NETWORKS- A   1M4 TH            822.1    (1,080.3)     188.2
NANOSTRING TECHN  0F1 GR            102.3        (6.6)      61.9
NANOSTRING TECHN  NSTGEUR EU        102.3        (6.6)      61.9
NANOSTRING TECHN  NSTG US           102.3        (6.6)      61.9
NATHANS FAMOUS    NFA GR             75.6       (67.9)      54.9
NATHANS FAMOUS    NATH US            75.6       (67.9)      54.9
NATIONAL CINEMED  NCMI US         1,029.8      (181.3)      75.4
NATIONAL CINEMED  XWM GR          1,029.8      (181.3)      75.4
NAVIDEA BIOPHARM  NAVB IT            11.2       (63.8)     (54.3)
NAVISTAR INTL     IHR QT          5,719.0    (5,134.0)     239.0
NAVISTAR INTL     IHR GR          5,719.0    (5,134.0)     239.0
NAVISTAR INTL     IHR TH          5,719.0    (5,134.0)     239.0
NAVISTAR INTL     NAV US          5,719.0    (5,134.0)     239.0
NEFF CORP-CL A    NFO GR            673.2      (150.2)      19.8
NEFF CORP-CL A    NEFF US           673.2      (150.2)      19.8
NEKTAR THERAPEUT  NKTR US           425.1       (67.9)     206.2
NEKTAR THERAPEUT  ITH GR            425.1       (67.9)     206.2
NEW ENG RLTY-LP   NEN US            192.7       (30.9)       -
NORTHERN OIL AND  NOG US            410.4      (476.1)     (26.3)
OCH-ZIFF CAPIT-A  OZM US          1,388.3      (251.3)       -
OMEROS CORP       OMEREUR EU         72.8       (22.8)      44.6
OMEROS CORP       3O8 TH             72.8       (22.8)      44.6
OMEROS CORP       OMER US            72.8       (22.8)      44.6
OMEROS CORP       3O8 GR             72.8       (22.8)      44.6
ONCOMED PHARMACE  OMED US           218.2        (3.2)     157.2
ONCOMED PHARMACE  O0M GR            218.2        (3.2)     157.2
OPHTH0TECH CORP   O2T GR            350.6       (36.6)     289.8
OPHTH0TECH CORP   OPHT US           350.6       (36.6)     289.8
PAPA JOHN'S INTL  PZZA US           498.8        (2.8)      17.6
PAPA JOHN'S INTL  PP1 GR            498.8        (2.8)      17.6
PENN NATL GAMING  PENN US         5,251.7      (553.9)    (199.9)
PENN NATL GAMING  PN1 GR          5,251.7      (553.9)    (199.9)
PENN VIRGINIA     PVAC US           412.1    (1,014.5)     (86.0)
PHILIP MORRIS IN  PMI1 IX        35,577.0   (10,317.0)   2,316.0
PHILIP MORRIS IN  PMI SW         35,577.0   (10,317.0)   2,316.0
PHILIP MORRIS IN  PM1CHF EU      35,577.0   (10,317.0)   2,316.0
PHILIP MORRIS IN  4I1 TH         35,577.0   (10,317.0)   2,316.0
PHILIP MORRIS IN  PMI EB         35,577.0   (10,317.0)   2,316.0
PHILIP MORRIS IN  4I1 GR         35,577.0   (10,317.0)   2,316.0
PHILIP MORRIS IN  PM US          35,577.0   (10,317.0)   2,316.0
PHILIP MORRIS IN  4I1 QT         35,577.0   (10,317.0)   2,316.0
PHILIP MORRIS IN  PM1EUR EU      35,577.0   (10,317.0)   2,316.0
PHILIP MORRIS IN  PM1 TE         35,577.0   (10,317.0)   2,316.0
PHILIP MORRIS IN  PM FP          35,577.0   (10,317.0)   2,316.0
PINNACLE ENTERTA  PNK US          4,101.2      (356.9)    (120.4)
PINNACLE ENTERTA  65P GR          4,101.2      (356.9)    (120.4)
PLY GEM HOLDINGS  PGEM US         1,348.9        (2.9)     310.6
PLY GEM HOLDINGS  PG6 GR          1,348.9        (2.9)     310.6
QUINTILES IMS HO  Q US            4,128.8       (81.9)   1,023.2
QUINTILES IMS HO  QTS GR          4,128.8       (81.9)   1,023.2
REATA PHARMACE-A  2R3 GR            101.8      (212.3)      39.8
REATA PHARMACE-A  RETA US           101.8      (212.3)      39.8
REGAL ENTERTAI-A  RGC* MM         2,477.6      (861.5)     (89.0)
REGAL ENTERTAI-A  RGC US          2,477.6      (861.5)     (89.0)
REGAL ENTERTAI-A  RETA GR         2,477.6      (861.5)     (89.0)
RESOLUTE ENERGY   R21 GR            294.9      (339.1)     (16.8)
RESOLUTE ENERGY   RENEUR EU         294.9      (339.1)     (16.8)
RESOLUTE ENERGY   REN US            294.9      (339.1)     (16.8)
REVLON INC-A      RVL1 GR         3,113.7      (559.6)     457.4
REVLON INC-A      REV US          3,113.7      (559.6)     457.4
RYERSON HOLDING   7RY GR          1,643.3       (33.2)     696.4
RYERSON HOLDING   RYI US          1,643.3       (33.2)     696.4
SALLY BEAUTY HOL  SBH US          2,132.1      (276.2)     684.2
SALLY BEAUTY HOL  S7V GR          2,132.1      (276.2)     684.2
SANCHEZ ENERGY C  SN* MM          1,185.1      (761.1)     265.1
SANCHEZ ENERGY C  13S GR          1,185.1      (761.1)     265.1
SANCHEZ ENERGY C  SN US           1,185.1      (761.1)     265.1
SANCHEZ ENERGY C  13S TH          1,185.1      (761.1)     265.1
SANDRIDGE ENERGY  SA2B GR         1,886.5    (2,675.5)     585.8
SANDRIDGE ENERGY  SA2B TH         1,886.5    (2,675.5)     585.8
SANDRIDGE ENERGY  SDEUR EU        1,886.5    (2,675.5)     585.8
SANDRIDGE ENERGY  SD US           1,886.5    (2,675.5)     585.8
SBA COMM CORP-A   SBJ GR          7,915.7    (1,669.1)     119.4
SBA COMM CORP-A   SBJ TH          7,915.7    (1,669.1)     119.4
SBA COMM CORP-A   SBACEUR EU      7,915.7    (1,669.1)     119.4
SBA COMM CORP-A   SBAC US         7,915.7    (1,669.1)     119.4
SCIENTIFIC GAM-A  TJW GR          7,376.6    (1,750.0)     417.1
SCIENTIFIC GAM-A  SGMS US         7,376.6    (1,750.0)     417.1
SEARS HOLDINGS    SEE GR         10,865.0    (3,375.0)     236.0
SEARS HOLDINGS    SEE TH         10,865.0    (3,375.0)     236.0
SEARS HOLDINGS    SHLD US        10,865.0    (3,375.0)     236.0
SEARS HOLDINGS    SEE QT         10,865.0    (3,375.0)     236.0
SILVER SPRING NE  9SI TH            437.4       (21.3)      19.2
SILVER SPRING NE  9SI GR            437.4       (21.3)      19.2
SILVER SPRING NE  SSNIEUR EU        437.4       (21.3)      19.2
SILVER SPRING NE  SSNI US           437.4       (21.3)      19.2
SIRIUS XM CANADA  XSR CN            304.7      (135.3)    (170.2)
SIRIUS XM CANADA  SIICF US          304.7      (135.3)    (170.2)
SIRIUS XM HOLDIN  RDO TH          8,422.8      (506.5)  (1,860.6)
SIRIUS XM HOLDIN  SIRI US         8,422.8      (506.5)  (1,860.6)
SIRIUS XM HOLDIN  RDO GR          8,422.8      (506.5)  (1,860.6)
SONIC CORP        SONC US           660.0       (75.6)      63.0
SONIC CORP        SONCEUR EU        660.0       (75.6)      63.0
SONIC CORP        SO4 GR            660.0       (75.6)      63.0
SUPERVALU INC     SJ1 TH          4,361.0      (342.0)     141.0
SUPERVALU INC     SJ1 QT          4,361.0      (342.0)     141.0
SUPERVALU INC     SVU US          4,361.0      (342.0)     141.0
SUPERVALU INC     SJ1 GR          4,361.0      (342.0)     141.0
SYNTEL INC        SYNT US         1,705.1      (220.7)      97.2
SYNTEL INC        SYE GR          1,705.1      (220.7)      97.2
TABULA RASA HEAL  TRHCEUR EU         73.9        (2.4)     (37.0)
TABULA RASA HEAL  43T GR             73.9        (2.4)     (37.0)
TABULA RASA HEAL  TRHC US            73.9        (2.4)     (37.0)
TAILORED BRANDS   TLRD US         2,175.1       (77.7)     726.2
TAILORED BRANDS   WRMA GR         2,175.1       (77.7)     726.2
TAILORED BRANDS   TLRD* MM        2,175.1       (77.7)     726.2
TAUBMAN CENTERS   TU8 GR          4,011.2       (44.8)       -
TAUBMAN CENTERS   TCO US          4,011.2       (44.8)       -
TRANSDIGM GROUP   T7D GR         10,726.3      (651.5)   2,178.1
TRANSDIGM GROUP   TDGEUR EU      10,726.3      (651.5)   2,178.1
TRANSDIGM GROUP   T7D QT         10,726.3      (651.5)   2,178.1
TRANSDIGM GROUP   TDGCHF EU      10,726.3      (651.5)   2,178.1
TRANSDIGM GROUP   TDG US         10,726.3      (651.5)   2,178.1
TRANSDIGM GROUP   TDG SW         10,726.3      (651.5)   2,178.1
ULTRA PETROLEUM   UPM GR          1,420.2    (2,895.9)     308.6
ULTRA PETROLEUM   UPLEUR EU       1,420.2    (2,895.9)     308.6
ULTRA PETROLEUM   UPLMQ US        1,420.2    (2,895.9)     308.6
UNISYS CORP       USY1 TH         2,176.1    (1,258.1)      65.8
UNISYS CORP       UIS US          2,176.1    (1,258.1)      65.8
UNISYS CORP       UISCHF EU       2,176.1    (1,258.1)      65.8
UNISYS CORP       USY1 GR         2,176.1    (1,258.1)      65.8
UNISYS CORP       UIS1 SW         2,176.1    (1,258.1)      65.8
UNISYS CORP       UISEUR EU       2,176.1    (1,258.1)      65.8
VALVOLINE INC     VVVEUR EU       1,817.0      (325.0)     335.0
VALVOLINE INC     VVV US          1,817.0      (325.0)     335.0
VALVOLINE INC     0V4 TH          1,817.0      (325.0)     335.0
VALVOLINE INC     0V4 GR          1,817.0      (325.0)     335.0
VECTOR GROUP LTD  VGR GR          1,464.7      (198.6)     566.4
VECTOR GROUP LTD  VGR US          1,464.7      (198.6)     566.4
VECTOR GROUP LTD  VGR QT          1,464.7      (198.6)     566.4
VERISIGN INC      VRSN US         2,298.0    (1,169.2)     312.5
VERISIGN INC      VRS TH          2,298.0    (1,169.2)     312.5
VERISIGN INC      VRS GR          2,298.0    (1,169.2)     312.5
VERISIGN INC      VRS QT          2,298.0    (1,169.2)     312.5
VERSUM MATER      2V1 TH            906.5      (252.7)     271.1
VERSUM MATER      VSMEUR EU         906.5      (252.7)     271.1
VERSUM MATER      2V1 GR            906.5      (252.7)     271.1
VERSUM MATER      VSM US            906.5      (252.7)     271.1
WEIGHT WATCHERS   WTWEUR EU       1,261.4    (1,228.3)     (98.6)
WEIGHT WATCHERS   WW6 TH          1,261.4    (1,228.3)     (98.6)
WEIGHT WATCHERS   WW6 GR          1,261.4    (1,228.3)     (98.6)
WEIGHT WATCHERS   WW6 QT          1,261.4    (1,228.3)     (98.6)
WEIGHT WATCHERS   WTW US          1,261.4    (1,228.3)     (98.6)
WEST CORP         WT2 GR          3,477.3      (491.0)     228.5
WEST CORP         WSTC US         3,477.3      (491.0)     228.5
WESTMORELAND COA  WME GR          1,719.7      (581.2)     (43.5)
WESTMORELAND COA  WLB US          1,719.7      (581.2)     (43.5)
WINGSTOP INC      EWG GR            112.3       (79.9)      (4.5)
WINGSTOP INC      WING US           112.3       (79.9)      (4.5)
WINMARK CORP      GBZ GR             43.5       (15.7)      13.5
WINMARK CORP      WINA US            43.5       (15.7)      13.5
WYNN RESORTS LTD  WYNNCHF EU     10,925.9       (64.4)     626.9
WYNN RESORTS LTD  WYNN SW        10,925.9       (64.4)     626.9
WYNN RESORTS LTD  WYR QT         10,925.9       (64.4)     626.9
WYNN RESORTS LTD  WYNN US        10,925.9       (64.4)     626.9
WYNN RESORTS LTD  WYR GR         10,925.9       (64.4)     626.9
WYNN RESORTS LTD  WYR TH         10,925.9       (64.4)     626.9
WYNN RESORTS LTD  WYNN* MM       10,925.9       (64.4)     626.9
YRC WORLDWIDE IN  YEL1 TH         1,870.6      (342.2)     290.1
YRC WORLDWIDE IN  YEL1 GR         1,870.6      (342.2)     290.1
YRC WORLDWIDE IN  YRCWEUR EU      1,870.6      (342.2)     290.1
YRC WORLDWIDE IN  YRCW US         1,870.6      (342.2)     290.1
YUM! BRANDS INC   TGR GR         10,432.0    (1,830.0)   1,704.0
YUM! BRANDS INC   TGR TH         10,432.0    (1,830.0)   1,704.0
YUM! BRANDS INC   YUMCHF EU      10,432.0    (1,830.0)   1,704.0
YUM! BRANDS INC   TGR QT         10,432.0    (1,830.0)   1,704.0
YUM! BRANDS INC   YUM SW         10,432.0    (1,830.0)   1,704.0
YUM! BRANDS INC   YUM US         10,432.0    (1,830.0)   1,704.0
YUM! BRANDS INC   YUMEUR EU      10,432.0    (1,830.0)   1,704.0
YUM! BRANDS INC   YUMUSD SW      10,432.0    (1,830.0)   1,704.0


                            *********

Monday's edition of the TCR delivers a list of indicative prices
for bond issues that reportedly trade well below par.  Prices are
obtained by TCR editors from a variety of outside sources during
the prior week we think are reliable.  Those sources may not,
however, be complete or accurate.  The Monday Bond Pricing table
is compiled on the Friday prior to publication.  Prices reported
are not intended to reflect actual trades.  Prices for actual
trades are probably different.  Our objective is to share
information, not make markets in publicly traded securities.
Nothing in the TCR constitutes an offer or solicitation to buy or
sell any security of any kind.  It is likely that some entity
affiliated with a TCR editor holds some position in the issuers
public debt and equity securities about which we report.

Each Tuesday edition of the TCR contains a list of companies with
insolvent balance sheets whose shares trade higher than $3 per
share in public markets.  At first glance, this list may look like
the definitive compilation of stocks that are ideal to sell short.
Don't be fooled.  Assets, for example, reported at historical cost
net of depreciation may understate the true value of a firm's
assets.  A company may establish reserves on its balance sheet for
liabilities that may never materialize.  The prices at which
equity securities trade in public market are determined by more
than a balance sheet solvency test.

On Thursdays, the TCR delivers a list of recently filed
Chapter 11 cases involving less than $1,000,000 in assets and
liabilities delivered to nation's bankruptcy courts.  The list
includes links to freely downloadable images of these small-dollar
petitions in Acrobat PDF format.

Each Friday's edition of the TCR includes a review about a book of
interest to troubled company professionals.  All titles are
available at your local bookstore or through Amazon.com.  Go to
http://www.bankrupt.com/books/to order any title today.

Monthly Operating Reports are summarized in every Saturday edition
of the TCR.

The Sunday TCR delivers securitization rating news from the week
then-ending.

TCR subscribers have free access to our on-line news archive.
Point your Web browser to http://TCRresources.bankrupt.com/and use
the e-mail address to which your TCR is delivered to login.

                            *********

S U B S C R I P T I O N   I N F O R M A T I O N

Troubled Company Reporter is a daily newsletter co-published
by Bankruptcy Creditors Service, Inc., Fairless Hills,
Pennsylvania, USA, and Beard Group, Inc., Washington, D.C., USA.  
Jhonas Dampog, Marites Claro, Joy Agravante, Rousel Elaine
Tumanda, Valerie Udtuhan, Howard C. Tolentino, Carmel Paderog,
Meriam Fernandez, Joel Anthony G. Lopez, Cecil R. Villacampa,
Sheryl Joy P. Olano, Psyche A. Castillon, Ivy B. Magdadaro, Carlo
Fernandez, Christopher G. Patalinghug, and Peter A. Chapman,
Editors.

Copyright 2016.  All rights reserved.  ISSN: 1520-9474.

This material is copyrighted and any commercial use, resale or
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re-mailing and photocopying) is strictly prohibited without prior
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                   *** End of Transmission ***