TCR_Public/161229.mbx          T R O U B L E D   C O M P A N Y   R E P O R T E R

              Thursday, December 29, 2016, Vol. 20, No. 363

                            Headlines

110 CONDO: U.S. Trustee Unable to Appoint Committee
1550 BLUE JAY WAY: Case Summary & 9 Unsecured Creditors
2424 ESSE: Case Summary & 8 Unsecured Creditors
275 BROADHOLLOW: Loan Facing Imminent Default, Fitch Says
500 NORTH AVENUE: Unsecureds To Get $250K Over 60-Month Period

90 MERRICK: Loan Facing Imminent Default, Fitch Says
A & ASSOCIATES: U.S. Trustee Unable to Appoint Committee
A.H HOME HEALTH: Hires Sobel as Bankruptcy Counsel
ABDULHAY ASSOCIATES: Asks Court to Approve Disclosure Statement
ACHAOGEN INC: Growth Equity, et al., Hold 18% Stake as of Dec. 19

ADVANCED ROOFING: Court Confirms Reorganization Plan
ALESSI FAMILY: Court Allows Cash Collateral Use Through Jan. 11
ALESSI FAMILY: Feb. 14 Disclosure Statement Hearing
ALESSI FAMILY: U.S. Trustee Unable to Appoint Committee
AMERICAN COLLEGE: Case Summary & 20 Largest Unsecured Creditors

AMERICAN HEALTH: AM Best Affirms B-Fair Financial Strength Rating
ANIXTER INT'L: Egan-Jones Cuts Sr. Unsecured Ratings to BB
ANK LLC: Disclosures OK'd; Plan Confirmation Hearing on Feb. 22
APOLLO MEDICAL: Inks New Employment Pacts with Executive Officers
APOLLO MEDICAL: Signs Merger Agreement with Network Medical

APRICUS BIOSCIENCES: Amends Executive Pacts with Management Team
ARM VENTURES: Unsecureds To Get $300,000 Over 5 Years
ARMAND EXTERMINATING: Hires Barron & Kogan as Accountant
ASCENT GROUP: Hires Gardere Wynne as Counsel
AV HOMES: Egan-Jones Hikes Sr. Unsecured Ratings to B+

AVATAR PACKAGING: Can Use Centennial Bank Cash on Final Basis
AVERY LAND: Wants to Move Plan Filing Period Through March 23
BANKERS LIFE: A.M. Best Lowers LT Issuer Credit Rating to 'bb'
BERTELLI REALTY: Case Summary & 8 Unsecured Creditors
BGM PASADENA: Unsecureds To Recoup 5% Under Lender's Plan

BIRCH GROVE: Can Continue Using Cash Collateral Through January 31
BLACKMAN COMMUNITY WATER: Seeks March 31 Exclusivity Extension
BLUE BIRD: S&P Affirms Then Withdraws 'B' CCR
BROOKLYN INTERIORS: Plan Filing Deadline Extended Through Feb. 17
C & G COIN: Unsecureds To Recoup 100% in 60 Payments

CAESARS ENTERTAINMENT: Bank Lenders Group Lifts Default Notice
CAESARS ENTERTAINMENT: UST Balks at Plan Releases
CATASYS INC: Closes Exchange Agreements with Acuitas Group & Samus
CC LLC: Disclosures Okayed, Plan Hearing on Feb. 1
CENTRAL IOWA: Wants to Use Cash Collateral Through February 27

CHIMNEY HILL: Hires Gorski & Knowlton as Attorney
CHINA COMMERCIAL: John Levy Quits From Board of Directors
CHOUDRIES INC: Hires CGA Law as Counsel
CLEAN HARBORS: Egan-Jones Lowers Sr. Unsec. Ratings to BB-
COLORADO CHOICE: A.M. Best 'B' FSR Still Under Review Negative

COMBIMATRIX CORP: Scott Gottlieb Resigns as Director
CONSOLIDATED COMMUNICATIONS: Egan-Jones Hikes Sr. Unsec. Rating to
CRESCENT HAUS: Disclosures Okayed, Plan Hearing on Jan. 31
DAVE 60 NYC: Seeks May 23 Exclusive Plan Filing Extension
DAYA MEDICALS: D. Klein, DKMC To Be Paid 100% Over 5Yrs at 4.75%

DEDICATED STAGING: WSB Withholds Consent to Cash Use
DIAMOND STORAGE: U.S. Trustee Unable to Appoint Committee
DMP PARTNERS: Hires Mitchell & Hammond as Counsel
DORAL DENTAL: GE Capital To Get Paid $3,700 Per Month Under Plan
EIF CHANNELVIEW: S&P Cuts Issue Rating to B+ on Weak ERCOT Pricing

ELITE PHARMACEUTICALS: Provides Update on SequestOx NDA
ERICKSON INC: Unsecureds To Get Share of Litigation Trust Interests
ESCALERA RESOURCES: Hires Seaport Global as Investment Banker
FARMACIAS FREDDY: Case Summary & 10 Unsecured Creditors
FARMER'S MECHANICAL: Hires Bertha Ramirez as Accountant

FINJAN HOLDINGS: Receives Noncompliance Notice from NASDAQ
FIRST WIVES: Court Extends Plan Filing Period to March 21
FLORIDA FOREST: Seeks 20-Day Exclusivity Extension
FLY LEASING: S&P Lowers CCR to 'BB-' on Updated Criteria
FREESEAS INC: Shareholders Elect Dimitris Papadopoulos as Director

GENERAL MOTORS: Car Owners Seek to File Late Class Claims
GERALEX INC: Court Extends Plan Filing Deadline to Jan. 25
GLENN'S INC: Disclosures Okayed, Plan Hearing on Jan. 24
GLOBAL EAGLE: S&P Affirms 'BB-' Rating on Proposed Sr. Facilities
GOLDCORP INC: Egan-Jones Lowers Sr. Unsecured Ratings to BB+

GOLDEN INSURANCE: A.M. Best Cuts Fin. Strength Rating to B-(Fair)
GREATER HOPE BAPTIST: Hires Dockery as Tax Consultant
GREATER HOPE BAPTIST: Hires Harell as Attorney
GREEN BOX: Jan. 30 Plan Confirmation Hearing
GRIZZLY LAND: Ch. 11 Trustee Allowed to Use Rabo AgriFinance Cash

GROVE PLAZA: Proposes $4.23MM Sale of Properties to Prathna LLC
GROW CONDOS: Scrudato Barred from Acting as Auditor by PCAOB
HAWAII PACIFIC: S&P Lowers Rating on 2013A Revenue Bonds to 'BB'
HEADWATERS INC: Egan-Jones Lowers Sr. Unsec. Ratings to B+
HOLIDAY SUPERMARKETS: Hires Adam Simmens as Accountant

IHEARTMEDIA INC: S&P Raises CCR to 'CC' on Proposed Debt Exchange
INTERLEUKIN GENETICS: Pyxis Designee Quits as Director
INTERNATIONAL TECHNICAL: Unsecureds May Recoup 61% Under Plan
J COPELLO INTERNATIONAL: Case Summary & 20 Top Unsecured Creditors
J.B.B. ENTERPRISES: Court Conditionally Approves Plan Outline

JEFFREY L. MILLER: Intends to Use Private Financing Cash Collateral
KALOBIOS PHARMACEUTICALS: Has $3.3M Credit Pact with Black Horse
KALOBIOS PHARMACEUTICALS: Inks 2nd Amendment to Black Horse APA
KANE CLINICS: Hires Jones & Walden as Counsel
KING & QUEEN: Unsecureds To Get $100 Per Month For 50 Mos.

LEGENDS COLLISION: Hires The Alt Key as Accountant
LIFE CHANGE: Disclosures Okayed, Plan Hearing on Feb. 21
LINN ENERGY: Asks Court for May 16 Plan Exclusivity Extension
LITTLE REST: 11th Cir. Affirms Sanctions Against Zeltser
LODGE HOLDINGS: Wants to Use CBC Partners I Cash Collateral

MASON TEMPLE: Hires Goodman as Bankruptcy Counsel
MELODY GOOD GIRL: Wants to Use Cash Collateral Through June 2017
MESOBLAST LIMITED: Inks Equity Purchase Pact With Mallinckrodt
MF GLOBAL: Insurers Can't Enforce Injunction, NY Court Says
MGM RESORTS: Egan-Jones Upgrades Sr. Unsecured Ratings to BB-

MID-STATE PLUMBING: 10% Recovery for Unsecured Creditors
MOBILEDIRECT INC: Hearing on Plan Outline Set For Feb. 16
MOSES INC: Seeks Feb. 10 Exclusive Plan Filing Period Extension
MOTHERS FOOD: Plan Confirmation Hearing Set for Jan. 10
MOUNSEF INTERNATIONAL: Court Confirms Amended Plan

MOUNTAIN WEST VALVE: Unsecureds To Get $500 Per Month for 12 Months
MS ELMSFORD: Hires Bronson Law as Counsel
N-LIQUIDATION: Refund Checks Are Acquired Assets, Court Says
NAHID M F: U.S. Trustee Unable to Appoint Committee
NASTY GAL:  Court Sets Jan. 5 Final Hearing for Cash Collateral Use

NASTY GAL: Seeks Court Permission to Launch Auction Process
NATIONAL RURAL: Egan-Jones Hikes Sr. Unsecured Ratings to BB-
NEW BEGINNINGS: Disclosures Okayed, Plan Hearing on Jan. 31
NEW COUNTRY WIRELESS: Case Summary & 20 Top Unsecured Creditors
NEW STREAMWOOD: Plan Confirmation Hearing Set for Jan. 10

NGPL PIPECO: S&P Raises ICR to 'BB-'; Outlook Stable
NORTHWEST GF MUTUAL: A.M. Best Hikes Issuer Credit Rating From bb
NORTHWEST HEALTH: Hires Davidson Backman as Bankruptcy Counsel
NUTRITION RUSH: Case Summary & 20 Largest Unsecured Creditors
ONCOBIOLIGICS INC: Issues $8.35 Million Senior Secured Notes

OUTSIDE PLANET: U.S. Trustee Forms 2-Member Committee
OYSTER COMPANY: U.S. Trustee Forms 7-Member Committee
PACIFIC THOMAS: Ruling in Clawback Suit vs. Darrow Affirmed
PACIFIC THOMAS: Ruling in Clawback Suit vs. TCI Affirmed
PATRIOT METALS: Disclosures Okayed, Plan Hearing on Feb. 1

PENNGOOD LLC: Feb. 1 Plan Confirmation Hearing
PITTSBURGH CORNING: PPG's $110M Claim v. Midland Nixed
PLAZA HEALTHCARE: Disclosures OK'd; Plan Hearing on March 1
PODIUM PERFORMANCE: Seeks to Continue Using Suntrust Cash
PRECISE CORPORATE: Western State Bank Prohibits Access to Cash

PRICO ENTERPRISES: Disclosure Statement Hearing Set for Jan. 31
PRO ENTERPRISES: Unsecureds To Receive 10% Over 5 Years
REAM PROPERTIES: Hearing on Amended Plan Outline Set for Jan. 31
REBUS CORP: Disclosure Statement Hearing Set for Jan. 11
RENNOVA HEALTH: Prices $12.35M Public Offering of Common Stock

RENNOVA HEALTH: To Hold Business Update Conference Call on Jan. 5
REPUBLIC AIRWAYS: Needs Until March 31 to File Chapter 11 Plan
REPUBLIC AIRWAYS: Plan Confirmation Hearing on Feb. 14
RESOLUTE ENERGY: Inks Underwriting Pact With BMO Capital, et al.
ROMEO'S PIZZA: U.S. Trustee Unable to Appoint Committee

RYAN EXCAVATING: Wants Plan Filing Deadline Moved to Jan. 23
S-3 PUMP SERVICE: Ally Bank Tries To Block Plan Outline Approval
SANDIA DISTRIBUTOR: Disclosures OK'd; Plan Hearing on Feb. 7
SCOTT COUNTY HOSPITAL: Rennova Health to Acquire Assets
SEMINOLE TRACKS: Case Summary & 20 Largest Unsecured Creditors

SIDNEY TRANSPORTATION: Unsecureds To Get 26K Per Year For 5 Years
SKYHIGH PROPERTY: Wants to Use Cash Collateral Through July 5
SKYVIEW ACADEMY: S&P Affirms 'BB+' Rating on Outstanding Debt
SOLID ROCK: Case Summary & 3 Unsecured Creditors
SOTHEBY'S: Egan-Jones Lowers Sr. Unsecured Ratings to BB+

SPI ENERGY: KPMG Huazhen LLP Raises Going Concern Doubt
STONE ENERGY: Thomas Satterfield Reports 8.96% Stake as of Dec. 21
SUMMIT MIDSTREAM: S&P Raises Rating on Sr. Unsecured Debt to B+
SUNDEVIL POWER: Wins Plan Confirmation, Exits Ch.11 the Next Day
SUNEDISON INC: CEO Urges Court to Reject Panel's Litigation Bid

SUNEDISON INC: Shareholders Seek Appointment of Equity Committee
TANDOORI AT TRANSIT: Can Use Cash Collateral Through March 31
TANDOORI AT TRANSIT: Has Until May 1 to File Small Business Plan
TIME INC: S&P Lowers CCR to 'B+' on Higher-Than-Expected Leverage
TOO FAST APPAREL: Can Continue Using BB&T Cash Through April 30

TRIANGLE USA: Unsecureds To Recover 29%-30% Under Amended Plan
TURN4 LOGISTICS: Plan, Disclosures Hearing Set for Jan. 31
ULTRA PETROLEUM: Ad Hoc Committee Seeks Appointment of Trustee
UNIVERSAL DOOR: Disclosure Statement Hearing Set for Feb. 21
USA SALES: Seeks Approval to Use Zeenat Hirani Cash Collateral

VERIFONE SYSTEMS: Egan-Jones Lowers Sr. Unsec. Ratings to BB
VERTELLUS SPECIALTIES: Tanner, Hexion Resign from Committee
VIKING INVESTMENTS: Recurring Losses Casts Going Concern Doubt
VINH PHAT: Disclosures Conditionally OK'd; Plan Hearing on Jan. 24
VIOLIN MEMORY: U.S. Trustee Forms 3-Member Committee

VISUALANT INC: Issues 187,500 Series D Preferred Shares
VIVA INVESTMENTS: Has Until February 21 to File Chapter 11 Plan
WEST CORP: Amends Credit Facility with Wells Fargo
WESTERN REFINING: S&P Affirms 'B+' Rating on Sr. Secured Term Loan
WORLDS ONLINE: Incurs $6,860 Net Loss in Third Quarter

WRAP MEDIA: Case Summary & 20 Largest Unsecured Creditors
XTERA COMMUNICATIONS: $7.4M DIP Loan Gets Final Court Approval
[*] S&P Reviews Ratings on US Capital Goods Sector
[*] S&P Reviews Ratings on US Leisure Sector
[] A.M. Best Maintains Negative Outlook on Global Reinsurance

[] A.M. Best Retains Commercial Lines Insurance Outlook Negative
[] A.M. Best Retains Neg. Outlook on US Health Insurance Sector
[^] Recent Small-Dollar & Individual Chapter 11 Filings

                            *********

110 CONDO: U.S. Trustee Unable to Appoint Committee
---------------------------------------------------
An official committee of unsecured creditors has not yet been
appointed in the Chapter 11 case of 110 Condo Properties LLC as of
Dec. 27, 2016, according to a court docket.

110 Condo Properties LLC filed for Chapter 11 bankruptcy protection
(Bankr. S.D. Ind. Case No. 16-06303) on Aug. 16, 2016, estimating
its assets at between  $100,001 and $500,000 and its liabilities at
between $500,001 and $1 million.  Eric C Redman, Esq., at Redman
Ludwig Pc Redman Ludwig PC serves as the Debtor's bankruptcy
counsel.


1550 BLUE JAY WAY: Case Summary & 9 Unsecured Creditors
-------------------------------------------------------
Debtor: 1550 Blue Jay Way, LLC
        a Delaware Limited Liability Company
        3991 MacArthur Blvd., Suite 125
        Newport Beach, CA 92660

Case No.: 16-15171

Chapter 11 Petition Date: December 22, 2016

Court: United States Bankruptcy Court
       Central District of California (Santa Ana)

Judge: Hon. Catherine E. Bauer

Debtor's Counsel: Marc C Forsythe, Esq.
                  GOE & FORSYTHE, LLP
                  18101 Von Karman Avenue Ste 1200
                  Irvine, CA 92612
                  Tel: 949-798-2460
                  Fax: 949-955-9437
                  E-mail: kmurphy@goeforlaw.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Jeffrey Yohai, managing member.

A copy of the Debtor's list of nine unsecured creditors is
available for free at http://bankrupt.com/misc/cacb16-15171.pdf


2424 ESSE: Case Summary & 8 Unsecured Creditors
-----------------------------------------------
Debtor: 2424 ESSE, LLC
        63 Bozarthtown Road
        Tabernacle, NJ 08088

Case No.: 16-34422

Nature of Business: Single Asset Real Estate

Chapter 11 Petition Date: December 27, 2016

Court: United States Bankruptcy Court
       District of New Jersey (Trenton)

Judge: Hon. Kathryn C. Ferguson

Debtor's Counsel: William Mackin, Esq.
                  SHERMAN SILVERSTEIN KOHL ROSE & PODOLSKY
                  308 Harper Drive, Suite 200
                  Moorestown, NJ 08057
                  Tel: 856-662-0700
                  Fax: 856-773-5805
                  E-mail: wmackin@shermansilverstein.com

Total Assets: $4.37 million

Total Liabilities: $2.96 million

The petition was signed by Tammy Alvarez-Olmeda, owner.

A copy of the Debtor's list of eight unsecured creditors is
available for free at http://bankrupt.com/misc/njb16-34422.pdf


275 BROADHOLLOW: Loan Facing Imminent Default, Fitch Says
---------------------------------------------------------
Fitch Ratings has downgraded one class and affirmed 20 classes of
COBALT CMBS Commercial Mortgage Trust's (COBALT) commercial
mortgage pass-through certificates series 2007-C2.

KEY RATING DRIVERS

The downgrade to class J is the result of realized losses. The
affirmations of classes A-3 through A-JFL reflect continued paydown
and relatively stable performance of the pool since Fitch's last
rating action. Fitch remains concerned, however, with the
resolution of the specially serviced loans/assets and the amount of
highly levered loans. Fitch modeled losses of 14.1% of the
remaining pool; expected losses on the original pool balance total
11.5%, including $104.6 million (4.3% of the original pool balance)
in realized losses to date.

As of the December 2016 distribution date, the pool's aggregate
principal balance has been reduced by 49% to $1.23 billion from
$2.42 billion at issuance. Interest shortfalls are currently
affecting classes H through S.

2017 Maturities: Loan maturities are concentrated in 2017 with
86.8% of the pool maturing within the first four months of 2017
(excluding real estate owned [REO] assets).

Specially Serviced Loans/Assets: There are 14 specially serviced
loans/assets representing 15.6% of the pool, including five REO
assets (4.6%). The fourth and fifth largest loans (combining for
5.2% of the pool) transferred to the special servicer in 2016 and
are the two largest contributors to expected losses. The 90 Merrick
loan (3.1%) transferred to the special servicer in July 2016 for
imminent monetary default.
The loan is secured by a 242,659 square foot office property
located in East Meadow, New York. Current occupancy is reported to
be 88%. The loan is scheduled to mature in February 2017, but
difficulty in repayment is expected as the property is
over-levered. The servicer indicates that foreclosure is likely.

The 275 Broadhollow loan (2.7%) transferred in June 2016 also for
imminent monetary default. The loan is secured by a 126,770 sf
office property located in Melville, New York. The loan had
previously transferred to the special servicer in June 2015, but
returned to the master servicer after a loan modification could not
be agreed upon. The property is currently 100% leased to Capital
One, but the borrower has indicated that the tenant will be
vacating upon its December 2018 lease expiration. The servicer
indicates that foreclosure is likely with this loan as well.

High Percentage of Interest-Only Loans: 55.8% of the pool is
comprised of full-term interest only loans. There is also a large
concentration (53.0%) of performing loans that are considered
highly levered (those greater than 90% Fitch LTV).

Defeasance: Per the servicer reporting, six loans (5.4% of the
pool) are defeased.

RATING SENSITIVITIES
Negative Outlooks on classes A-MFX and A-M reflect the uncertainty
surrounding the ultimate disposition of the specially serviced
loans/assets, particularly the 90 Merrick and 275 Broadhollow loans
that transferred to the special servicer in 2016. Negative rating
migration is possible if performing loans, many of which are highly
levered, are not able to refinance at maturity as expected. The
distressed classes may be subject to further downgrades as
additional losses are realized. With the growing potential for
adverse selection as performing loans repay in 2017, upgrades are
unlikely in the near-term.

DUE DILIGENCE USAGE PURSUANT TO SEC RULE 17G-10
No third party due diligence was provided or reviewed in relation
to this rating.

Fitch downgrades the following class:

--$19.4 million class J to 'Dsf' from 'Csf'; RE 0%.

Fitch affirms the following classes but revises Rating Outlooks and
REs as indicated:

--$221.9 million class A-MFX at 'AAAsf'; Outlook to Negative from
Stable;
--$20 million class A-M at 'AAAsf'; Outlook to Negative from
Stable;
--$21.2 million class B at 'CCCsf'; RE 40%;
--$27.2 million class C at 'CCsf'; RE 0%.

Fitch affirms the following classes:

--$474.7 million class A-3 at 'AAAsf'; Outlook Stable;
--$137.7 million class A-1A at 'AAAsf'; Outlook Stable;
--$102.6 million class A-JFX at 'Bsf'; Outlook Stable;
--$100 million class A-JFL at 'Bsf'; Outlook Stable;
--$21.2 million class D at 'CCsf'; RE 0%;
--$15.1 million class E at 'CCsf'; RE 0%;
--$18.1 million class F at 'Csf'; RE 0%;
--$30.2 million class G at 'Csf'; RE 0%;
--$24.2 million class H at 'Csf'; RE 0%;
--$0 class K at 'Dsf'; RE 0%;
--$0 class L at 'Dsf'; RE 0%;
--$0 class M at 'Dsf'; RE 0%;
--$0 class N at 'Dsf'; RE 0%;
--$0 class O at 'Dsf'; RE 0%;
--$0 class P at 'Dsf'; RE 0%;
--$0 class Q at 'Dsf'; RE 0%.

The class A-1, A-2 and A-AB certificates have paid in full. Fitch
does not rate the class S certificates. Fitch previously withdrew
the rating on the interest-only class X certificates.


500 NORTH AVENUE: Unsecureds To Get $250K Over 60-Month Period
--------------------------------------------------------------
500 North Avenue, LLC, filed with the U.S. Bankruptcy Court for the
District of Connecticut a third amended disclosure statement and
accompanying third amended plan of reorganization.

Under the plan, Class 16 consists of the claims of the present
unsecured creditors and those creditors that become unsecured as
the result of (i) the application of Section 506(a) of the Code and
(ii) the abandonment by the estate of the real property known as 28
York Street and 2060 East Main Street, Bridgeport, Connecticut.

The unsecured creditors will receive a pro rata distribution of
$250,000 over the period of 60 months from the Effective Date in
semi-annual installments of $25,000 (twice per year) commencing no
later than 60 days after the Effective Date of the Plan. This class
is impaired.

The Company plans to make payments to creditors from its account
receivables, option payments, investment from its Equity Holder,
and from rental income. The Company reasonably expects that
sufficient revenue will be generated in order for the Company to
make the required payment under the Plan and that the Plan as
proposed is in the best interests of its creditors. The attainment
of the objective of providing unsecured creditors with value that
is not less than what would be received in a liquidation is
therefore dependent on the Company's future profitability.

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

       http://bankrupt.com/misc/ctb14-31094-309.pdf

                    About 500 North Avenue

500 North Avenue, LLC, and Long Brook Station, 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.


90 MERRICK: Loan Facing Imminent Default, Fitch Says
----------------------------------------------------
Fitch Ratings has downgraded one class and affirmed 20 classes of
COBALT CMBS Commercial Mortgage Trust's (COBALT) commercial
mortgage pass-through certificates series 2007-C2.

KEY RATING DRIVERS

The downgrade to class J is the result of realized losses. The
affirmations of classes A-3 through A-JFL reflect continued paydown
and relatively stable performance of the pool since Fitch's last
rating action. Fitch remains concerned, however, with the
resolution of the specially serviced loans/assets and the amount of
highly levered loans. Fitch modeled losses of 14.1% of the
remaining pool; expected losses on the original pool balance total
11.5%, including $104.6 million (4.3% of the original pool balance)
in realized losses to date.

As of the December 2016 distribution date, the pool's aggregate
principal balance has been reduced by 49% to $1.23 billion from
$2.42 billion at issuance. Interest shortfalls are currently
affecting classes H through S.

2017 Maturities: Loan maturities are concentrated in 2017 with
86.8% of the pool maturing within the first four months of 2017
(excluding real estate owned [REO] assets).

Specially Serviced Loans/Assets: There are 14 specially serviced
loans/assets representing 15.6% of the pool, including five REO
assets (4.6%). The fourth and fifth largest loans (combining for
5.2% of the pool) transferred to the special servicer in 2016 and
are the two largest contributors to expected losses. The 90 Merrick
loan (3.1%) transferred to the special servicer in July 2016 for
imminent monetary default.
The loan is secured by a 242,659 square foot office property
located in East Meadow, New York. Current occupancy is reported to
be 88%. The loan is scheduled to mature in February 2017, but
difficulty in repayment is expected as the property is
over-levered. The servicer indicates that foreclosure is likely.

The 275 Broadhollow loan (2.7%) transferred in June 2016 also for
imminent monetary default. The loan is secured by a 126,770 sf
office property located in Melville, New York. The loan had
previously transferred to the special servicer in June 2015, but
returned to the master servicer after a loan modification could not
be agreed upon. The property is currently 100% leased to Capital
One, but the borrower has indicated that the tenant will be
vacating upon its December 2018 lease expiration. The servicer
indicates that foreclosure is likely with this loan as well.

High Percentage of Interest-Only Loans: 55.8% of the pool is
comprised of full-term interest only loans. There is also a large
concentration (53.0%) of performing loans that are considered
highly levered (those greater than 90% Fitch LTV).

Defeasance: Per the servicer reporting, six loans (5.4% of the
pool) are defeased.

RATING SENSITIVITIES
Negative Outlooks on classes A-MFX and A-M reflect the uncertainty
surrounding the ultimate disposition of the specially serviced
loans/assets, particularly the 90 Merrick and 275 Broadhollow loans
that transferred to the special servicer in 2016. Negative rating
migration is possible if performing loans, many of which are highly
levered, are not able to refinance at maturity as expected. The
distressed classes may be subject to further downgrades as
additional losses are realized. With the growing potential for
adverse selection as performing loans repay in 2017, upgrades are
unlikely in the near-term.

DUE DILIGENCE USAGE PURSUANT TO SEC RULE 17G-10
No third party due diligence was provided or reviewed in relation
to this rating.

Fitch downgrades the following class:

--$19.4 million class J to 'Dsf' from 'Csf'; RE 0%.

Fitch affirms the following classes but revises Rating Outlooks and
REs as indicated:

--$221.9 million class A-MFX at 'AAAsf'; Outlook to Negative from
Stable;
--$20 million class A-M at 'AAAsf'; Outlook to Negative from
Stable;
--$21.2 million class B at 'CCCsf'; RE 40%;
--$27.2 million class C at 'CCsf'; RE 0%.

Fitch affirms the following classes:

--$474.7 million class A-3 at 'AAAsf'; Outlook Stable;
--$137.7 million class A-1A at 'AAAsf'; Outlook Stable;
--$102.6 million class A-JFX at 'Bsf'; Outlook Stable;
--$100 million class A-JFL at 'Bsf'; Outlook Stable;
--$21.2 million class D at 'CCsf'; RE 0%;
--$15.1 million class E at 'CCsf'; RE 0%;
--$18.1 million class F at 'Csf'; RE 0%;
--$30.2 million class G at 'Csf'; RE 0%;
--$24.2 million class H at 'Csf'; RE 0%;
--$0 class K at 'Dsf'; RE 0%;
--$0 class L at 'Dsf'; RE 0%;
--$0 class M at 'Dsf'; RE 0%;
--$0 class N at 'Dsf'; RE 0%;
--$0 class O at 'Dsf'; RE 0%;
--$0 class P at 'Dsf'; RE 0%;
--$0 class Q at 'Dsf'; RE 0%.

The class A-1, A-2 and A-AB certificates have paid in full. Fitch
does not rate the class S certificates. Fitch previously withdrew
the rating on the interest-only class X certificates.


A & ASSOCIATES: U.S. Trustee Unable to Appoint Committee
--------------------------------------------------------
An official committee of unsecured creditors has not yet been
appointed in the Chapter 11 case of A & Associates, Inc., as of
Dec. 23, according to a court docket.

A & Associates is represented by:

     Sherri B. Simpson, Esq.
     1126 S. Federal Hwy, Ste 326
     Ft. Lauderdale, FL 33316
     Tel: 954.524.4141
     Fax: 954.763.5117
     Email: sbsecf@gmail.com
     Email: sbsimpson@simpson-law-group.com

                      About A & Associates

A & Associates, Inc. sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. S. D. Fla. Case No. 16-23524) on October 1,
2016.  The petition was signed by Andrew Luchey, Jr., president.
The case is assigned to Judge Paul G. Hyman, Jr.

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


A.H HOME HEALTH: Hires Sobel as Bankruptcy Counsel
--------------------------------------------------
A.H Home Health Care Service LLC, seeks authority from the U.S.
Bankruptcy Court for the Eastern District of Pennsylvania to employ
the Law Office of Jonathan J. Sobel as counsel to the Debtor.

A.H Home Health requires Sobel to:

   a. counsel the Debtor pre-petition;

   b. prepare and file the Petition, along with the required
      initial supporting documentation; and

   c. attend to the preparation of all remaining Schedules, the
      Debtor's Statement of Financial Affairs and other required
      post-petition actions.

Sobel will be paid at the hourly rate of $250.  Sobel will be paid
a retainer in the amount of $7,000.  Sobel will also be reimbursed
for reasonable out-of-pocket expenses incurred.

Jonathan J. Sobel, member of the Law Office of Jonathan J. Sobel,
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.

Sobel can be reached at:

     Jonathan J. Sobel, Esq.
     LAW OFFICE OF JONATHAN J. SOBEL
     1500 Walnut Street, Suite 2000
     Philadelphia, PA 19102
     Tel: (215) 735-7535
     Fax: (215) 735-7539
     E-mail: Mate89@aol.com

                   About A.H Home Health Care Service LLC

A. H Home Health Care Services, LLC, filed a Chapter 11 bankruptcy
petition (Bankr. E.D. Pa. Case No. 16-18573) on December 13, 2016,
disclosing under $1 million in both assets and liabilities. The
Debtor is represented by Jonathan J. Sobel, Esq.

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


ABDULHAY ASSOCIATES: Asks Court to Approve Disclosure Statement
---------------------------------------------------------------
Abdulhay Associates, L.P., filed a motion asking the U.S.
Bankruptcy Court for the Eastern District of Pennsylvania to
approve their disclosure statement describing its plan of
reorganization.

The Debtor requests that the Court approve the disclosure statement
as containing adequate information, with simultaneous approval of
the voting procedures, together with the fixing of the last day for
the acceptance or rejection of the plan and the filing of
objections to said plan and fixing a date for a hearing on the
confirmation of the proposed plan.

Under the plan, Class 3 consists of the Unsecured Claims of all
creditors. This class consists of the deficiency judgment obtained
by ESSA Bank and against the Debtor. On or about April 4, 2016,
ESSA Bank filed an Agreement to Revive its deficiency judgment in
the amount of $1,610,717 and any deficiency claims. Commencing on
the Effective Date, the Class 3 claimant will receive a total of
$100,000 with 60 equal monthly payments of $1,000 and remainder
paid on the first day of the 61st month. This amount would
constitute a full settlement, satisfaction, release and discharge
of the ESSA Bank Claim as to the Debtor.

Ongoing operations will provide the Debtor with the ability to cure
all administrative claims, sufficient working capital to maintain
operations, and management assistance to effectuate a feasible
reorganization. In addition, the limited partners will provide
$100,000 in new value as a capital contribution to address any cash
flow deficiencies under the projections and in exchange for all new
limited partner interests of the Reorganizated Debtor.

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

       http://bankrupt.com/misc/paeb16-16713-50.pdf 

Headquartered in Orefield, PA, Abdulhay Associates filed for
Chapter 11 bankruptcy protection (Bankr. E.D. Pa. Case No.
16-16713) on Sept. 23, 2016, with estimated assets of $1 million to
$10 million and estimated liabilities of $1 million to $10 million.
The petition was signed by Dr. Gazi Abdulhay, general partner of
Abdulhay Associates, L.P.

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


ACHAOGEN INC: Growth Equity, et al., Hold 18% Stake as of Dec. 19
-----------------------------------------------------------------
In an amended Schedule 13D filed with the Securities and Exchange
Commission, Growth Equity Opportunities Fund IV, LLC, New
Enterprise Associates 15, L.P., NEA Partners 15, L.P., NEA 15 GP,
LLC, Peter J. Barris, Forest Baskett, Anthony A. Florence, Jr.,
Krishna S. Kolluri, Joshua Makower, David M. Mott, Jon M. Sakoda,
Scott D. Sandell, Peter W. Sonsini and Ravi Viswanathan disclosed
that as of Dec. 19, 2016, they beneficially own 6,393,910 shares
shares of common stock, $.001 par value, of Achaogen, Inc.,
representing 18.2 percent of the shares outstanding.  A full-text
copy of the regulatory filing is available at https://is.gd/GIve5q

                        About Achaogen

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

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

The Company's independent accounting firm Ernst & Young LLP, in
Redwood City, California, issued a "going concern" qualification on
the consolidated financial statements for the year ended
Dec. 31, 2015, citing that the Company's recurring losses from
operations and its need for additional capital raise substantial
doubt about its ability to continue as a going concern.


ADVANCED ROOFING: Court Confirms Reorganization Plan
----------------------------------------------------
The Hon. Jack B. Schmetterer of the U.S. Bankruptcy Court for the
District of Illinois issued an order approving the disclosure
statement and confirming the plan of reorganization filed by
Advanced Roofing & Woodworking, Inc on Nov. 15, 2016.

Under the plan, Class 6 consists of all unsecured claims having
claims equal to or less than $15,000. There are approximately 55
creditors in this Class with claims totaling approximately $149,
656.07. Class 6 claimants will receive 20% of their claims in 2
equal quarterly installments to begin in the first quarter
following the Effective Date of the plan. This class is impaired
under the plan.

Class 7 consists of all allowed unsecured claims having claims
greater than $15,000. There are approximately 13 creditors in this
Class with claims totaling approximately $1,261,071.49. Claimants
will receive 20% of their claims in 18 equal quarterly installments
to begin the 3rd quarter following the Effective Date of the plan.
This class is impaired.

Class 6 and 7 will also share pro rate in any net recovery from
preference and/or fraudulent transfer causes of action.
Distribution from net recoveries from preference and/or fraudulent
transaction(s) will be made after the resolution of all such causes
of action.

The plan will be implemented and creditors will be paid from the
cash flow from operations of the business and future income.

              Advanced Roofing & Woodworking

Advanced Roofing & Woodworking, Inc., sought Chapter 11 protection
(Bankr. N.D. Ill. Case No. 15-27325) on Aug. 10, 2015, in Chicago.
The case is assigned to Judge Jack B. Schmetterer.  The Debtor
is
represented by Teresa L. Einarson, Esq. at Thomas & Einarson LTD.
The Debtor estimated $500,000 to $1 million in assets and $1
million to $10 million in debt. The petition was signed by Charles
Hankins, president.


ALESSI FAMILY: Court Allows Cash Collateral Use Through Jan. 11
---------------------------------------------------------------
Judge John K. Olson of the U.S. Bankruptcy Court for the Southern
District of Florida authorized The Alessi Family Limited
Partnership to continue using cash collateral through Jan. 11,
2017.

The Debtor's use of cash collateral will be on the same terms and
conditions as the Court's Nov. 28, 2016 Order, which authorized the
Debtor to use cash collateral until Dec. 31, 2016.

The Debtor previously sought authorization to continue using cash
collateral, contending that it needed to use cash collateral for
the months of January 2017 and thereafter.  The Debtor further
contended that it has an immediate need to use its cash collateral
in its ordinary operations.

The Debtor's proposed monthly Budget provided for total expenses in
the amount of $5,041 for its Washington Property, and $6,175 for
its Lincoln Property.

The Debtor related that Fusion Homes, LLC, may claim an interest in
the cash collateral as it relates to both the Washington Property
and the Lincoln Property, pursuant to mortgages on the Washington
Property and the Lincoln Property.

A hearing to consider the Debtor's further use of cash collateral
beyond Jan. 11, 2017, is scheduled on Jan. 11, 2017 at 10:30 a.m.

A full-text copy of the Order, dated Dec. 21, 2016, is available at

http://bankrupt.com/misc/AlessiFamily2016_1625093jko_49.pdf

           About The Alessi Family Limited Partnership

The Alessi Family Limited Partnership owns and operates two
residential buildings.  One is located at 1941 Washington Street,
Hollywood, Florida and consists of eight separate residential
apartments.  The other is located at 1956 Lincoln Street,
Hollywood, Florida and consists of 10 separate residential
apartments.

The Alessi Family Limited Partnership filed a chapter 11 petition
(Bankr. S.D. Fla. Case No. 16-25093) on Nov. 9, 2016.  The petition
was signed by Daniel A. Alessi, general partner.  The case is
assigned to Judge John K. Olson.  At the time of the filing, the
Debtor had estimated $1 million to $10 million both assets and
liabilities.  The Debtor is represented by Brian S. Behar, Esq., at
Behar, Gutt & Glazer, P.A.


ALESSI FAMILY: Feb. 14 Disclosure Statement Hearing
---------------------------------------------------
Judge John K. Olson of the U.S. Bankruptcy Court for the Southern
District of Florida will convene a hearing on Feb. 14, 2017 at
10:30 a.m. to consider approval of the disclosure statement and
accompanying plan of reorganization filed by The Alessi Family
Limited Partnership on Dec. 20, 2016.

The last day for filing and serving objections to the disclosure
statement is on Feb. 7, 2017.

On or before the Jan. 16, 2017, the Debtor shall serve a copy of
this order on (i) all creditors; (ii) all equity security holders;
(iii) all persons who have requested notice; and (iv) all other
interested parties.

The Plan contemplates that funding for the distribution to the
secured creditors and the general unsecured creditors holding an
allowed claim in this case will be derived from proceeds received
by the Debtor in its operations.  The funding will be from rental
proceeds from the Washington Property or the Lincoln Property, or
from mortgage payments received from the properties located at 552
Gorden Circle, Key Largo, FL, 2810 SW 57 thCourt, Dania Beach, FL,
and 5441 SW 32"' Terrace, Dania Beach, FL.  Furthermore, funding of
the Plan will be derived from the sale of assets held by either
Alessi or one of his business entities or family trust.  This
process has already begun, and thus far, Alessi has been able to
generate over $230,000.00 in Personal Funding ready to fund the
Plan.

Class 4 consists of all Unsecured Claims. Upon the Effective Date
of the Plan, the Debtor will cause payment representing a 5%
distribution to the holders of Allowed General Unsecured Claims.
There exists only one creditor that holds an Allowed General
Unsecured Claim, namely Daniel Alessi, Sr. Daniel Alessi, Sr. holds
an Allowed General Unsecured Claim in the amount of $87,000.00.
Daniel Alessi, Sr., is a limited partner of the Debtor, and is an
insider. Class 4 is impaired under the Plan.

A full-text copy of the Disclosure Statement dated December 20,
2016, is available at:

        http://bankrupt.com/misc/flsb16-25093-48.pdf

                About The Alessi Family LP

The Alessi Family Limited Partnership owns and operates two
residential buildings.  One is located at 1941 Washington
Street,
Hollywood, Florida and consists of eight separate residential
apartments.  The other is located at 1956 Lincoln Street,
Hollywood, Florida and consists of 10 separate residential
apartments.

The Alessi Family Limited Partnership filed a chapter 11 petition
(Bankr. S.D. Fla. Case No. 16-25093) on Nov. 9, 2016.  The
petition
was signed by Daniel A. Alessi, general partner.  The case is
assigned to Judge John K. Olson.  At the time of the filing, the
Debtor had estimated $1 million to $10 million both assets and
liabilities.  The Debtor is represented by Brian S. Behar, Esq.,
at
Behar, Gutt & Glazer, P.A.


ALESSI FAMILY: U.S. Trustee Unable to Appoint Committee
-------------------------------------------------------
An official committee of unsecured creditors has not yet been
appointed in the Chapter 11 case of The Alessi Family Limited
Partnership as of Dec. 23, according to a court docket.

The Alessi Family Limited Partnership owns and operates two
residential buildings.  One is located at 1941 Washington Street,
Hollywood, Florida and consists of eight separate residential
apartments.  The other is located at 1956 Lincoln Street,
Hollywood, Florida and consists of 10 separate residential
apartments.

The Alessi Family Limited Partnership filed a chapter 11 petition
(Bankr. S.D. Fla. Case No. 16-25093) on Nov. 9, 2016.  The petition
was signed by Daniel A. Alessi, general partner.  The case is
assigned to Judge John K. Olson.  At the time of the filing, the
Debtor had estimated $1 million to $10 million both assets and
liabilities.  The Debtor is represented by Brian S. Behar, Esq., at
Behar, Gutt & Glazer, P.A.


AMERICAN COLLEGE: Case Summary & 20 Largest Unsecured Creditors
---------------------------------------------------------------
Debtor: American College of Nursing, LLC
        1850 Gateway Blvd., Suite 100
        Concord, CA 94520

Case No.: 16-43386

Chapter 11 Petition Date: December 9, 2016

Court: United States Bankruptcy Court
       Northern District of California (Oakland)

Judge: Hon. Roger L. Efremsky

Debtor's Counsel: Ruth Elin Auerbach, Esq.
                  LAW OFFICES OF RUTH ELIN AUERBACH
                  77 Van Ness Ave. #201
                  San Francisco, CA 94102
                  Tel: (415)673-0560
                  Fax: (415) 673-0562
                  E-mail: attorneyruth@sbcglobal.net

Estimated Assets: $0 to $50,000

Estimated Liabilities: $1 million to $10 million

The petition was signed by Leticia Perez, managing member.

A copy the Debtor's list of 20 largest unsecured creditors is
available for free at http://bankrupt.com/misc/canb16-43386.pdf


AMERICAN HEALTH: AM Best Affirms B-Fair Financial Strength Rating
-----------------------------------------------------------------
A.M. Best has affirmed the Financial Strength Rating (FSR) of B
(Fair) and the Long-Term Issuer Credit Rating (Long-Term ICR) of
"bb+" of American Health and Life Insurance Company (AHLIC).
Additionally, A.M. Best has affirmed the FSR of B (Fair) and the
Long-Term ICR of "bb+" of Triton Insurance Company (Triton). Both
companies are domiciled in Fort Worth, TX. Concurrently, A.M. Best
has affirmed the FSRs of B (Fair) and Long-Term ICRs of "bb+" of
Merit Life Insurance Co. (Merit Life) and Yosemite Insurance
Company (Yosemite). Both entities are domiciled in Evansville, IN.
The outlook of these Credit Ratings (ratings) is stable. All
entities are wholly owned by OneMain Holdings, Inc. (OneMain)
(NYSE:OMF), formerly Springleaf Holdings, Inc.

The rating and outlook affirmations of AHLIC and Merit Life reflect
the risk profile of their parent, OneMain, a below investment
grade, consumer finance company whose operating flexibility and
business profile had been challenged by the credit crisis and the
subsequent difficult macroeconomic environment. A.M. Best notes
that OneMain continues to make progress in repaying near-term debt
and improving its liquidity, as well as improving operating
performance. AHLIC maintains a favorable market position in the
credit insurance market, and the company historically has reported
favorable operating income, contributing to solid risk-adjusted
capitalization. However, top-line growth has been challenged more
recently, as closed block runoff is outpacing premium growth. Merit
Life continues to report volatility within its credit life
operations and a modestly declining premiums trend. A.M. Best
believes the organization as a whole will work to consolidate
entities, and improve efficiencies and scale within its insurance
operations near term.

The ratings and outlooks of Triton and Yosemite reflect their
historically strong underwriting and operating profitability,
superior risk-adjusted capitalization, management's expertise in
consumer finance-oriented products and the business opportunities
derived from its affiliates. Partially offsetting these positive
rating factors are the dependence on OneMain as the companies'
primary distribution source, and in the case of Triton, the
underwriting sensitivity of its involuntary unemployment insurance
business regarding initial unemployment claims filed in the United
States and Canada. In addition, the companies' future financial
constraints also were considered in terms of underwriting
performance trends and dividends, as these may stress risk-adjusted
capital levels needed to support future growth.


ANIXTER INT'L: Egan-Jones Cuts Sr. Unsecured Ratings to BB
----------------------------------------------------------
Egan-Jones Ratings Company, on Dec. 12, 2016, lowered the senior
unsecured ratings on debt issued by Anixter International Inc. to
BB from BB+.

Anixter International is a company based in Glenview, Illinois, and
founded in 1957. The company supplies communications and security
products and electrical and electronic wire and cable.



ANK LLC: Disclosures OK'd; Plan Confirmation Hearing on Feb. 22
---------------------------------------------------------------
The Hon. Robert A. Gordon of the U.S. Bankruptcy Court for the
District of Maryland has approved ANK, LLC's disclosure statement
dated Oct. 17, 2016, referring to the Debtor's Chapter 11 plan.

The Court will hold on Feb. 22, 2017, at 10:00 a.m. the hearing on
the confirmation of the Plan.

Jan. 17, 2017, is the last day for filing objections to the
confirmation of the Plan.  It is also the deadline for filing
written acceptances or rejections of the Plan.

As reported by the Troubled Company Reporter on Oct. 25, 2016, the
Debtor filed with the Court a second amended disclosure statement
referring to the Debtor's second amended plan of reorganization
dated Oct. 17, 2016.  Under the Plan, holders of Class 6 General
Unsecured Claims will each receive a pro rata percentage of a
single payment of $1,458,305.43, which will be made on or before
Dec. 31, 2036.  

                           About ANK LLC

ANK LLC owns and operates an office building located at 31 Walker
Avenue, Pikesville, Maryland, at which it leases commercial office
space to tenants.

The Debtor sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. D. Md. Case No. 15-27357) on Dec. 17, 2015.  The
petition was signed by Brenda J. Faulk, sole and managing member.

The case is assigned to Judge Robert A. Gordon.

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


APOLLO MEDICAL: Inks New Employment Pacts with Executive Officers
-----------------------------------------------------------------
Apollo Medical Management, Inc., a wholly-owned subsidiary of
Apollo Medical Holdings, Inc., entered into new employment
agreements with Warren Hosseinion, M.D., Adrian Vazquez, M.D., Gary
Augusta and Mihir Shah.  The new Employment Agreements were
approved by the Compensation Committee of the Board of Directors of
the Company and replace the employment agreements previously
extended to Dr. Hosseinion and Dr. Vazquez on March 28, 2014, as
amended on Jan. 12, 2016, and as amended and restated on June 29,
2016, and to Mr. Shah on July 21, 2016.  The Employment Agreements
entitle Dr. Hosseinion, Mr. Shah and Dr. Vazquez to continue their
current base salary, offer Mr. Augusta a base salary of $300,000
and revise certain term, bonus and severance arrangements as
provided therein.

Each of the new Employment Agreements has an initial term of three
years with automatic annual renewals and entitles the executive to
twenty business days of paid time off per calendar year.  Accrued
and unused paid time off will be paid in cash at the end of each
calendar year.  Under the new Employment Agreements, each executive
is eligible to receive an annual bonus and is granted certain
vesting rights and Accrued Benefits if the executive's employment
is terminated without "Cause" or if the executive resigns with
"Good Reason" during the employment term.

                     About Apollo Medical

Glendale, Calif.-based Apollo Medical Holdings, Inc. (OTCMKTS:AMEH)
-- http://www.apollomed.net/-- provides hospitalist services in
the Greater Los Angeles, California area.

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

As of Sept. 30, 2016, Apollo Medical had $14.95 million in total
assets, $9.15 million in total liabilities, $7.07 million in
mezzanine equity, and a total stockholders' deficit of $1.28
million.


APOLLO MEDICAL: Signs Merger Agreement with Network Medical
-----------------------------------------------------------
Apollo Medical Holdings, Inc. and Network Medical Management, Inc.,
one of the largest healthcare Management Services Organizations
(MSOs) in the United States, announced that they have signed a
definitive merger agreement pursuant to which the companies will
combine in a stock-for-stock merger transaction.

On a pro forma basis, the combined organization, which will
continue as Apollo Medical Holdings, would have had more than $330
million in revenues for the twelve months ended on Dec. 31, 2015,
and would provide medical management for over 700,000 patients
through a network of over 3000 healthcare professionals and over
400 employees.  The combination of ApolloMed and NMM brings
together two leading, complementary healthcare organizations to
form one of the nation's largest integrated population health
management companies, which will be well positioned for the ongoing
transition of U.S. healthcare to value-based reimbursements.

Headquartered in Alhambra, CA and founded in 1994, NMM is a leading
physician-led healthcare organization that delivers a sophisticated
level of comprehensive healthcare management services to a client
base consisting of health plans, independent practice associations
(IPAs), hospitals, physicians and other health care networks.  NMM
currently is responsible for coordinating the care for over 600,000
covered patients in Southern, Central and Northern California
through a network of ten IPAs with over 2000 contracted
physicians.

Under the terms of the merger agreement, NMM shareholders will own
82% and ApolloMed shareholders will own 18% of issued and
outstanding shares at closing, and are expected to be approximately
80% and 20% respectively on a fully diluted basis. Additionally,
NMM has agreed to relinquish its redemption rights relating to
preferred stock it owns in ApolloMed.  The transaction was approved
unanimously by the Board of Directors of both companies.

Upon closing of the transaction, Thomas Lam, M.D., current chief
executive officer of NMM, and Warren Hosseinion, M.D., will be
co-chief executive officers of the combined company.  Kenneth Sim,
M.D., who currently serves as Chairman of NMM, will be Executive
Chairman of Apollo Medical Holdings.  Gary Augusta, current
executive chairman of Apollo Medical Holdings, will be president,
Mihir Shah will continue as chief financial officer, and Hing Ang,
current chief financial officer of NMM will be the chief operating
officer.  Adrian Vazquez, M.D. and Albert Young, M.D. will be
co-chief medical officers.  The Board of Directors will consist of
nine directors, five appointees (including three independent
directors) from NMM and four appointees (including two independent
directors) from ApolloMed.

"We are excited to announce this strategic transaction with Network
Medical Management to create one of the leading population health
management companies in the nation," stated Warren Hosseinion,
M.D., chief executive officer of Apollo Medical Holdings.  "The
merger will create a platform with a comprehensive suite of
solutions for physicians, hospitals, health plans and accountable
care organizations.  We see tremendous growth opportunities
ahead."

"Our two organizations complement each other and will allow us to
advance our integrated care delivery model," stated Thomas Lam,
M.D., chief executive officer of Network Medical Management.  "We
look forward to the opportunity to combine the resources of both
NMM and ApolloMed, and are really excited about the future."

"Both of our organizations have a history of providing coordinated
care that is cost effective and focused on outcomes," stated
Kenneth Sim, M.D., Chairman of Network Medical Management. "Through
this combination, we will create an industry leader in the
transition of U.S. healthcare to value-based reimbursements."

"This merger is a transformative step in our growth strategy and
for generating shareholder value," stated Gary Augusta, executive
chairman of Apollo Medical Holdings.  "Having the necessary scale,
leadership, technology operations and capital is essential in
today's U.S. healthcare delivery market.  On behalf of the
ApolloMed Board, we look forward to welcoming our new partners."

                          Approvals

The transaction, which is expected to close in the first half of
calendar year 2017, is subject to antitrust regulatory clearance
and other closing conditions, as well as approval by ApolloMed and
NMM shareholders.

                           Advisors

BofA Merrill Lynch is acting as exclusive financial advisor to
ApolloMed.  McDermott Will & Emery is serving as legal counsel to
ApolloMed.  Vantage Point Advisors is acting as exclusive financial
advisor to Network Medical Management and the Law Offices of Tin
Kin Lee served as NMM's legal counsel.

A full-text copy of the Agreement and Plan of Merger is available
for free at https://is.gd/nAQ73Q

                     About Apollo Medical

Glendale, Calif.-based Apollo Medical Holdings, Inc. (OTCMKTS:AMEH)
-- http://www.apollomed.net/-- provides hospitalist services in
the Greater Los Angeles, California area.

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

As of Sept. 30, 2016, Apollo Medical had $14.95 million in total
assets, $9.15 million in total liabilities, $7.07 million in
mezzanine equity, and a total stockholders' deficit of $1.28
million.


APRICUS BIOSCIENCES: Amends Executive Pacts with Management Team
----------------------------------------------------------------
The Board of Directors of Apricus Biosciences, Inc. approved
certain revisions to the existing employment agreements with the
Company's senior management team in order to retain and incentivize
those individuals to achieve the Company's strategic objectives
regarding Vitaros, Richard W. Pascoe, chief executive officer and
secretary, Brian Dorsey, senior vice president, chief development
officer, and Neil Morton, senior vice president, chief business
officer.  

Since retaining the senior management team is critical to the
Company's success and the achievement of its key corporate
objectives, the Board determined to amend the employment agreements
for the aforementioned individuals to: (i) increase the severance
benefits upon an involuntary termination in the event of a change
of control from 12 months' salary to 18 months' salary; (ii)
increase the healthcare benefits provided following an involuntary
termination within 12 months following a change of control from 12
months to 18 months; and (iii) change the methodology for
calculation of the bonus component of the severance payable upon an
involuntary termination to correspond to the officer's target bonus
as opposed to an average of the bonuses paid to such officer for
prior years.  All other material terms and conditions of their
existing employment agreements will continue in full force and
effect.

                 About Apricus Biosciences

Based in San Diego, California, Apricus Biosciences Inc
(NASDAQ:APRI) develops products in the areas of urology and
rheumatology.  The Company's drug delivery technology is a
permeation enhancer called NexACT.  The Company has over two
product candidates in Phase II development, fispemifene for the
treatment of symptomatic male secondary hypogonadism and RayVa for
the treatment of Raynaud's phenomenon, secondary to scleroderma.
The Company has a commercial product, Vitaros for the treatment of
erectile dysfunction (ED), which is in development in the United
States, approved in Canada and marketed throughout Europe.

Apricus reported a net loss of $19.02 million in 2015, a net loss
of $21.8 million in 2014 and a net loss of $16.9 million in 2013.

As of Sept. 30, 2016, Apricus had $8.41 million in total assets,
$15.94 million in total liabilities and a total stockholders'
deficit of $7.53 million.

BDO USA, LLP, in La Jolla, California, issued a "going concern"
qualification on the consolidated financial statements for the year
ended Dec. 31, 2015, citing that the Company has negative working
capital and has suffered recurring losses and negative cash flows
from operations that raise substantial doubt about its ability to
continue as a going concern.


ARM VENTURES: Unsecureds To Get $300,000 Over 5 Years
-----------------------------------------------------
Arm Ventures, LLC, filed with the U.S. Bankruptcy Court the
Southern District of Florida a first amended disclosure statement
for their first amended plan of reorganization, which proposes to
give unsecured creditors a distribution of approximately 37% of
their allowed claims.

Class 5 consists of all Unsecured Claims, including the Ocean Bank
Unsecured Claim, not otherwise classified in the plan.

Under the plan, Holders of Allowed Class 5 Claims will be paid the
lesser of (i) the Allowed Amount of such Class 5 Claim, or (ii) the
Holder's pro rata share of $300,000 in total Payments to Class 5
Claims over the life of the Plan.

The Ocean Bank Judgment Debtors Class 5 Claims Fund will be
established by the Reorganized Debtor, which will be funded
exclusively by the Ocean Bank Judgment Debtors in order to assist
the Reorganized Debtor to make the annual payments to the Holders
of Allowed Class 5 Claims in the amount of $12,000 annually for a
total of $60,000 over the life of the plan.

The Reorganized Debtor will make equal annual payments of $60,000
to Holders of Allowed Class 5 Claims, beginning on the date that is
30 days after the first anniversary of the Effective Date and
thereafter on an annual basis, with the last payment to be made on
the fifth anniversary of the Effective Date, for a total amount of
$300,000 over the life of the plan to be paid to holders of Allowed
Unsecured Claims.

The Debtor believes that based on the scheduled unsecured claims
along with the Ocean Bank Unsecured Claim, the total amount of
unsecured claim is $809,831.50. Accordingly, as it stands, Holders
of unsecured claims, including Ocean Bank on account of the Ocean
Bank Unsecured Claim will receive approximately a 37% distribution
under the plan. Class 5 is impaired under the plan.

The plan provides for the continued operation of the Debtor as the
Reorganized Debtor. It also provides for cash payments to Holders
of Allowed Claims, except Holders of Equity Interests, all as more
particularly described in Articles 3 and 5 of the plan.

The plan will be implemented on the Effective Date, and the primary
source of the funds necessary to implement the plan initially will
be contributions from the Ocean Bank Judgment Debtors. At the
present time, the Debtor believes that the Reorganized Debtor will
have sufficient funds, as of the Effective Date, to pay in full the
expected payments required under the plan.

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

         http://bankrupt.com/misc/flsb16-23633-99.pdf  

                      About Arm Ventures

Arm Ventures, LLC filed a Chapter 11 petition (Bankr. S.D. Fla.
Case No.: 16-23633) on October 4, 2016, and is represented by Mark
S. Roher, Esq., in Fort Lauderdale, Florida.

At the time of filing, the Debtor had $0 to $50,000 in estimated
assets and $1 million to $10 million in estimated liabilities.

The petition was signed by Michael Rosenbaum, authorized manager.

The Debtor listed Ocean Bank as its largest unsecured creditor
holding a claim of $250,000.


ARMAND EXTERMINATING: Hires Barron & Kogan as Accountant
--------------------------------------------------------
Armand Exterminating, Inc., d/b/a Armand Professional Services,
Inc., seeks authority from the U.S. Bankruptcy Court for the
Southern District of Florida to employ Barron & Kogan, CPA as
accountant to the Debtor.

Armand Exterminating requires Barron & Kogan to:

   (a) perform accounting and tax services;

   (b) create and file tax returns for 2016 for the Debtor, along
       with any tax advice related thereto;

   (c) advise the Debtor with respect to its responsibilities in
       complying with the U.S. Trustee's Operating Guidelines and
       Reporting Requirements, to the extent necessary; and

   (d) assist the Debtor in providing logistical support for the
       conduct of negotiations with its creditors, and in the
       preparation of a plan.

The Debtor owed Barron & Kogan $13,311 pre-petition. Barron & Kogan
waived its right to receive or file a claim for the pre-petition
amounts due.

Barron & Kogan will also be reimbursed for reasonable out-of-pocket
expenses incurred.

Hope Barron, member of Barron & Kogan, 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.

Barron & Kogan can be reached at:

     Hope Barron
     BARRON & KOGAN, CPA
     12788 W. Forest Hill Blvd, Suite 1003
     Wellington, FL 33414
     Tel: (561) 795-4448

                        About Armand Exterminating

Armand Exterminating, Inc., aka Armand Professional Services, Inc.,
based in Royal Palm Beach, Florida, filed a Chapter 11 petition
(Bankr. S.D. Fla. Case No. 16-21903) on August 29, 2016. The Hon.
Erik P. Kimball presides over the case. Nadine V. White-Boyd, Esq.,
at White-Boyd Law, P.A., serves 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 Scott B. Armand, president.


ASCENT GROUP: Hires Gardere Wynne as Counsel
--------------------------------------------
Ascent Group, LLC, d/b/a Physicians ER Oak Lawn, seeks authority
from the U.S. Bankruptcy Court for the Northern District of Texas
to employ Gardere Wynne Sewell LLP as counsel to the Debtor.

Ascent Group requires Gardere Wynne to:

   a. advise the Debtor of its powers and duties in the
      management of its business;

   b. attend meetings and negotiate with representatives of
      creditors and other parties in interest;

   c. assist the Debtor in the preparation of all administrative
      documents required to be filed or prepared herein, and to
      prepare, on behalf of the Debtor, all necessary
      applications, motions, answers, responses, orders, reports,
      and other legal documents required;

   d. assist the Debtor in obtaining Court approval for use of
      cash collateral and debtor-in-possession financing and
      other negotiations with secured creditors;

   e. take such action as is necessary to preserve and protect
      the Debtor's assets and interests therein, including
      prosecuting actions on the Debtor's behalf, defending any
      action commenced against the Debtor, and representing the
      Debtor's interests in negotiations concerning litigation in
      which the Debtor is involved, including objections to
      claims filed against the estate;

   f. advise the Debtor in connection with any potential sale
      of assets;

   g. assist the Debtor in the formulation of a disclosure
      statement and in the formulation, confirmation, and
      consummation of a chapter 11 Plan;

   h. appear before the Court, any appellate courts and the
      United States Trustee and protect the interests of the
      Debtor and the assets in its estate before such courts and
      the United States Trustee;

   i. consult with the Debtor regarding tax matters; and

   j. perform any and all other legal services that may be
      necessary to protect the rights and interests of the Debtor
      and its estate in this proceeding and any actions hereafter
      commenced in the Chapter 11 Case.

Gardere Wynne will be paid at these hourly rates:

     Marcus A. Helt, Partner               $500
     Thomas C. Scannell, Associate         $385
     Matthew J. Pyeatt, Associate          $280

Gardere Wynne will be paid a retainer in the amount of $16,141.50.

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

Marcus A. Helt, member of Gardere Wynne Sewell 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.

Gardere Wynne can be reached at:

     Marcus A. Helt, Esq.
     GARDERE WYNNE SEWELL LLP
     2021 McKinney Avenue, Suite 1600
     Dallas, TX 75201
     Tel: (214) 999-3000
     Fax: (214) 999-4667
     E-mail: mhelt@gardere.com

                       About Ascent Group

Ascent Group, LLC d/b/a Physicians ER Oak Lawn filed a Chapter 11
petition (Bankr. N.D. Tex. Case No. 16-34436), on November 14,
2016. The petition was signed by Karen Kuo, member. The case is
assigned to Judge Stacey G. Jernigan. The Debtor is represented by
Marcus Alan Helt, Esq., Gardere Wynne Sewell LLP. At the time of
filing, the Debtor had estimated $1 million to $10 million in both
assets and liabilities.


AV HOMES: Egan-Jones Hikes Sr. Unsecured Ratings to B+
------------------------------------------------------
Egan-Jones Ratings Company, on Dec. 5, 2016, upgraded the senior
unsecured ratings of debt issued by AV Homes Inc. to B+ from B.

AV Homes, Inc. engages in the homebuilding and community
development businesses in Florida, Arizona, and the Carolinas
markets.



AVATAR PACKAGING: Can Use Centennial Bank Cash on Final Basis
-------------------------------------------------------------
Judge K. Rodney May of the U.S. Bankruptcy Court for the Middle
District of Florida, authorized Avatar Packaging, Inc. to the use
Centennial Bank's cash collateral.

The Debtor was directed to pay adequate protection to Centennial
Bank in the amount of $5,000 per month.  Judge May held that the
funds which Centennial Bank had set off pre-petition, in the amount
of $20,729, will be deemed additional adequate protection payments
and applied to the post petition months of September, October, and
November 2016.

Centennial Bank was granted a replacement lien on and in all
property acquired or generated post-petition by the Debtor's
continued operations to the same extent and priority and of the
same kind and nature as they would have had prior to the filing of
the bankruptcy case.

The Debtor was also directed to maintain, with financially sound
and reputable insurance companies, insurance of the kind covering
the Collateral, in accordance with and in compliance with the U.S.
Trustee Guidelines, naming the Lenders as loss payees as they may
request and as their interest may appear.

The Debtor's authorization to use cash collateral will terminate
until one or more of the following occurs:

      (a) This case is converted to Chapter 7 or dismissed;
      (b) The appointment of a trustee;
      (c) The confirmation of a plan;
      (d) Termination upon notice and hearing in accordance with
this Order; and
      (e) The failure of the Debtor to make payment or other
default under the order upon notice to the Court of such default.

A full-text copy of the Final Order, dated December 20, 2016, is
available at http://tinyurl.com/j5p2qsu

                          About Avatar Packaging

Avatar Packaging, Inc., sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. M.D. Fla. Case No. 16-08094) on Sept. 20,
2016.  The petition was signed by Vance D. Fairbanks, Jr., chief
executive officer.  At the time of the filing, the Debtor disclosed
$1.79 million in assets and $1.85 million in liabilities.  The
Debtor is represented by Samantha L. Dammer, Esq., at Tampa Law
Advocates, P.A.


AVERY LAND: Wants to Move Plan Filing Period Through March 23
-------------------------------------------------------------
Avery Land Group, LLC requests the U.S. Bankruptcy Court for the
District of Nevada to extend the periods during which only the
Debtor may file a chapter 11 plan and solicit acceptances to such
plan, through March 23, 2017 and May 22, 2017, respectively.  

The Debtor contends that only until the deadline for filing proofs
of claim has passed on January 11, 2017 and the results of the
Utica and Tiger auction sales are known will the Debtor be in a
position to meaningfully assess how far down the waterfall the
equity cushion realized by said sales goes and by how much it needs
to augment that realized cushion by various other plan funding
devices, rather than awaiting a confirmation order for approval
thereof as means of plan execution.

The Debtor relates that its Motion for Order Authorizing Sale of
Equipment Subject to Master Lease Agreement With Utica Leaseco, LLC
has been set for hearing on January 4, 2017.  The Debtor further
relates that its Application to Employ and Compensate Tiger Capital
Group, LLC and Rabin Worldwide, Inc., as Auctioneers and Motion for
Order Authorizing Sale of Equipment and Related Assets has been set
for hearing on December 29, 2016.

However, pursuant to Bankruptcy Code 1121(b), the Debtor's initial
exclusive filing period and its exclusive solicitation period is
set to expire on January 7, 2017 and March 8, 2017, respectively.

The Debtor's motion will be heard on January 18, 2017 at 1:30 p.m.


                          About Avery Land Group, LLC

Avery Land Group, LLC, based in Las Vegas, NV, filed a Chapter 11
petition (Bankr. D. Nev. Case No. 16-14995) on Sept. 9, 2016.  The
case is assigned to Judge August B. Landis.  The Debtor is
represented by Brett A. Axelrod, Esq., at Fox Rothschild, LLP.

The Debtor estimated assets at $500,000 to $1 million and
liabilities at $1 million to $10 million.  The petition was signed
by James M. Rhodes, manager.

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

The Debtor has retained Anne M. Loraditch, Esq., at The Bach Law
Firm, LLC as conflicts counsel.


BANKERS LIFE: A.M. Best Lowers LT Issuer Credit Rating to 'bb'
--------------------------------------------------------------
A.M. Best has downgraded the Long-Term Issuer Credit Rating
(Long-Term ICR) to "bb" from "bb+" and affirmed the Financial
Strength Rating of B (Fair) of Bankers Life Insurance Company
(Bankers Life) (St. Petersburg, FL). In addition, A.M. Best has
placed these Credit Ratings (ratings) under review with positive
implications.

These actions follow the announcement that Bankers Life has been
acquired by Southland National Holdings, Inc. (SNH), a member of
the Eli Global family of companies, from Bankers Insurance Company
(BIC), whose ultimate parent is Menke 2013 Trust. Following the
acquisition by SNH, Bankers Life was transferred to a newly formed
holding company, BLI Holdings, Inc., which is ultimately owned by
Greg E. Lindberg and managed by Global Bankers Insurance Group
(Global Bankers). Global Bankers will operate as the management
company for all of Eli Global's insurance operations, consisting of
a diversified group of life and annuity insurance carriers in the
United States and abroad. The downgrade of the Long-Term ICR
recognizes that Bankers Life no longer benefits from the ownership
by and relationship with Bankers Insurance Group, Inc. (BIG). The
under review status reflects the evolving business and financial
strategies for Bankers Life as a member of the insurance operations
of Eli Global. For the most part, Bankers Life markets deferred
fixed annuities. During 2015, Bankers Life experienced a decline in
risk-adjusted capitalization in addition to a sizable decline in
direct premiums written. The company is licensed in 38 states and
the District of Columbia.

Based on initial discussions with Global Bankers management,
Bankers Life will operate independent of Global Bankers' other
insurance subsidiaries including its rated subsidiary, Colorado
Bankers Life insurance Company. Still, Bankers Life should benefit
through integration and cost sharing with affiliated Global Bankers
companies.

The ratings of Bankers Life will remain under review with positive
implications pending detailed discussions with the new management
team and until A.M. Best receives more definitive information from
management regarding Bankers Life's business and capitalization
plans, which is expected to occur in the near term. The
implications are positive, recognizing Global Bankers' plans to
bolster the capital and surplus of Bankers Life and to manage the
company with higher risk-adjusted capitalization than the company's
recent trends.


BERTELLI REALTY: Case Summary & 8 Unsecured Creditors
-----------------------------------------------------
Debtor: Bertelli Realty Group, Inc.
        160 Chapin Road
        Hampden, MA 01036

Case No.: 16-31081

Nature of Business: Single Asset Real Estate

Chapter 11 Petition Date: December 21, 2016

Court: United States Bankruptcy Court
       District of Massachusetts (Springfield)

Judge: Hon. Melvin S. Hoffman

Debtor's Counsel: Louis S. Robin, Esq.
                  LAW OFFICES OF LOUIS S. ROBIN
                  1200 Converse Street
                  Longmeadow, MA 01106
                  Tel: (413) 567-3131
                  E-mail: louis.robin.bankruptcyECF@gmail.com
                          louis.robin@prodigy.net

Total Assets: $1.80 million

Total Liabilities: $585,088

The petition was signed by Brent J. Bertelli, president.

A copy of the Debtor's list of eight unsecured creditors is
available for free at http://bankrupt.com/misc/mab16-31081.pdf


BGM PASADENA: Unsecureds To Recoup 5% Under Lender's Plan
---------------------------------------------------------
The U.S. Bankruptcy Court for the Central District of California
will hold on Jan. 25, 2017, at 2:00 p.m. the hearing to consider
senior secured creditor Cantor Group, LLC's disclosure statement
referring to the plan of reorganization for BGM Pasadena, LLC.

Cantor Group, an assignee of the secured claim of Citizens Business
Bank, filed a Plan which proposes the payment, in full, of all
allowed claims at or as soon as practicable following, the closing
of the sale, with allowed general unsecured creditors to receive 5%
interest through the date of full payment on their Allowed Claim;
and the appointment of an independent fiduciary, referred to as the
plan agent, to replace the Debtor's current management, to market
and solicit overbids on the Debtor's real property, to make
distributions to holders of Allowed Claims, and to perform other
functions more particularly described in the Creditor's Plan.

The sale of the Debtor's real property interests for no less than
$9,500,000.

The Summary of the Plan can be reached at:

          http://bankrupt.com/misc/cacb15-27833-568.pdf

The Plan was filed by attorney for Cantor Group:

     David S. Kupetz, Esq.
     Asa S. Hami, Esq.
     Jessica L. Vogel, Esq.
     SULMEYERKUPETZ
     A PROFESSIONAL CORPORATION
     333 South Hope Street, Thirty-Fifth Floor
     Los Angeles, California 90071-1406
     Tel: (213) 626-2311
     Fax: (213)629-4520
     E-mail: dkupetz@sulmeyerlaw.com
             ahami@sulmeyerlaw.com
             jvogel@sulmeyerlaw.com

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.


BIRCH GROVE: Can Continue Using Cash Collateral Through January 31
------------------------------------------------------------------
Judge Carl L. Bucki of the U.S. Bankruptcy Court for the Western
District of New York authorized Birch Grove Landscaping & Nursery,
Inc. to use the cash collateral  of the Bank of Akron and the
Estate of Gordon E. Fisher, on an interim basis through January 31,
2017.

The approved Budget covers the period beginning December 26, 2016
through January 30, 2017, and projects total cash use of $25,316,
comprising of operating expenditures in the sum of $21,449 and
financing expenditures of $3,867.

Bank of Akron and the Fisher Estate were granted rollover
replacement liens in post-petition assets of the Debtor of the same
validity, extent and relative priority and on the same types and
kinds of collateral as they possessed pre-petition, to the extent
of cash collateral actually used.

The Debtor was directed to pay the Bank of Akron, the approximate
amount of $28,057, from the proceeds of the collections of its
outstanding accounts receivable due from Sicoli Construction
Services, whenever that receivable is collected.

A further hearing on the Debtor's use of cash collateral after
January 31, 2017 will be held on January 23, 2017 at 10:00 a.m.
However, the Parties and/or the Office of the U.S. Trustee may seek
a hearing prior to January 23, 2017 regarding the Debtor's
continued use of cash collateral.

A full-text copy of the Thirteenth Interim Order, entered on
December 20, 2016, is available at https://is.gd/7mL1Uq

                   About Birch Grove Landscaping & Nursery

Headquartered in East Aurora, New York, Birch Grove Landscaping &
Nursery, Inc., filed for Chapter 11 bankruptcy protection (Bankr.
W.D.N.Y. Case No. 15-11984) on Sept. 18, 2015, estimating its
assets and liabilities at between $1 million and $10 million each.
The petition was signed by Jason L. Burford, chief operating
officer.  Judge Carl L. Bucki presides over the case.  

Daniel F. Brown, Esq., at Anreozzi, Bluestein, Weber, Brown, LLP,
serves as the Debtor's bankruptcy counsel; and Lewandowski &
Associates as its special counsel


BLACKMAN COMMUNITY WATER: Seeks March 31 Exclusivity Extension
--------------------------------------------------------------
Blackman Community Water System, Inc., asks the U.S. Bankruptcy
Court for the Northern District of Florida to extend the
exclusivity period through March 31, 2017.

The Debtor relates that pursuant to a Stipulated Order granting an
extension of the Debtor's exclusivity period, the Debtor would have
until December 21, 2016 to file and solicit acceptances of a plan.

The Debtor tells the Court that the requested extension is
necessary for the Debtor to: (a) formulate and implement a water
usage rate structure change which included allowing sufficient
notice to the users prior to the rate change going into effect; (b)
gather sufficient, observable data regarding the effects of the
rate structure change; and (c) analyze the results of the rate
change.

However, counsel for the Debtor has not had an opportunity to
confer with counsel for the USDA/Rural or the U.S. Trustee's
Office, but they have scheduled to conduct a teleconference on
December 29, 2016.  

The Debtor believes the extension is in the best interests of the
Debtor and its creditors, particularly the USDA/Rural, as it will
allow the parties sufficient time to engage in good faith attempts
towards a successful reorganization of the Debtor.

              About Blackman Community Water System

Blackman Community Water System Inc. filed a Chapter 11 petition
(Bankr. N.D. Fla. Case No. 16-30031) on Jan. 15, 2016.  The
petition was signed by Randall Ward, president.  The Debtor
disclosed assets at $5.32 million and debts at $1.96 million.

The Debtor is represented by Ashley B. Rogers, Esq., at Chesser &
Barr P.A.


BLUE BIRD: S&P Affirms Then Withdraws 'B' CCR
---------------------------------------------
S&P Global Ratings affirmed its 'B' corporate credit rating on Blue
Bird Body Co.  The outlook is stable.

S&P then withdrew its corporate credit rating at the company's
request and withdrew S&P's issue-level and recovery ratings on Blue
Bird's revolving credit facility and term loan because they have
been refinanced.

The affirmation and withdrawal follow Blue Bird's request that S&P
withdraw all of its ratings on the company following the recent
refinancing of its senior secured credit facilities.


BROOKLYN INTERIORS: Plan Filing Deadline Extended Through Feb. 17
-----------------------------------------------------------------
Judge Robert D. Drain of the U.S. Bankruptcy Court for the Southern
District of New York extended Brooklyn Interiors, Inc. d/b/a The
DDC Group's exclusive period to file a chapter 11 plan through and
including February 17, 2017 and that the confirmation of the
Debtor's chapter 11 plan will be subject to the 45-day rule as set
forth in Bankruptcy Code Section 1129(e).

The Debtor sought exclusivity extension as it was still working on
various issues relating to the reorganization that will further
progress beyond the current exclusive periods. The Debtor said it
needs time to analyze and negotiate payment terms of the claims
filed against it including, but not limited to, the large claim
filed by Plan Do See America, Inc. for pre-petition liabilities.  

                             About Brooklyn Interiors

Brooklyn Interiors, Inc. filed a Chapter 11 petition (Bankr.
S.D.N.Y. Case No. 1622845), on June 22, 2016.  The Petition was
signed by Dennis Darcy, president.  The Debtor is represented by
Kenneth A. Reynolds, Esq. at McBreen & Kopko.  At the time of
filing, the Debtor estimated assets at $100,000 to $500,000 and
liabilities at $500,000 to $1 million.

A Creditors' Committee has not been appointed by the Office of the
United States Trustee.


C & G COIN: Unsecureds To Recoup 100% in 60 Payments
----------------------------------------------------
C & G Coin Laundry's Inc. filed with the U.S. Bankruptcy Court for
the Middle District of Florida a disclosure statement referring to
the Debtor's plan of reorganization.

Class 3 - General Unsecured Creditors non-insider are impaired
under the Plan.  Allowed non-insider unsecured claims will be paid
100% in 60 equal payments starting effective date at $848.68
monthly.  Any insider claims will be subordinated but retain their
claims.

Payments and distributions under the Plan will be funded by the
debtor by the ongoing operation of the business.

The Disclosure Statement is available at:

           http://bankrupt.com/misc/flsb16-18651-60.pdf

C & G Coin Laundry's Inc. filed a Chapter 11 bankruptcy petition
(Bankr. S.D. Fla. Case No. 16-18651) on March 23, 2016.  Joel M.
Aresty, Esq., at Joel M. Aresty, P.A., as bankruptcy counsel.


CAESARS ENTERTAINMENT: Bank Lenders Group Lifts Default Notice
--------------------------------------------------------------
A group of bank lenders has lifted its default notice on Caesars
Entertainment Operating Co. Inc.

On Dec. 16, 2016, the ad hoc committee of beneficial holders, or
the investment advisors or managers for certain beneficial holders,
of first lien bank debt issued by the Debtors, constituting
"Majority Bank Creditors" under the so-called Bank RSA, provided,
through counsel, a "Notice of Creditor Termination Events Under the
Bank RSA."  The Bank RSA Default Notice, among other things,
advised the parties to the Bank RSA of defaults with respect to
certain of the proposed terms set forth in the form of the PropCo
First Lien Credit Agreement Documents, and initiated a
five-business day period by which the Caesars Parties could cure
the defaults.

On Dec. 23, 2016, after extensive and good faith negotiations
between the parties and in an attempt to respond to the Bank RSA
Default Notice, the Debtors filed the "PropCo Credit Agreement
Business Issues List" as a supplement to their Third Amended Joint
Plan of Reorganization.  The PropCo Credit Agreement Grid set
forth, in grid format, certain terms to be included in the form of
the PropCo First Lien Credit Agreement.  A copy of the Grid is
available at no extra charge at:

          http://bankrupt.com/misc/ilnb15-01145-6151.pdf

The Debtors have assured the Ad Hoc Bank Lender Committee that the
terms contained in the PropCo Credit Agreement Grid will be
incorporated into the final form of the PropCo First Lien Credit
Agreement, and will supersede the same or similar terms in the
current form of the PropCo First Lien Credit Agreement previously
filed with the Bankruptcy Court.

In reliance upon the Debtors' assurances and the specific terms
contained in the Propco Credit Agreement
Grid, counsel to the Ad Hoc Bank Lender Committee has delivered
notice to the Caesars Parties withdrawing the Bank RSA Default
Notice at this time.

The Bank RSA Default Notice and the Bank RSA Withdrawal Notice
concern only the specific issues and terms addressed in the PropCo
Credit Agreement Grid. Each member of the Ad Hoc Bank Lender
Committee maintains all of its rights and remedies under the Bank
RSA with respect to all other terms of the PropCo First Lien Credit
Agreement Documents, the specific language used to implement the
terms contained in the PropCo Credit Agreement Grid, and to all of
the Definitive Documentation (as defined in the Bank RSA), as well
as all of its other rights and remedies under the Bank RSA.

The members of the Ad Hoc Bank Lender Committee continue to support
the Debtors' Plan, the confirmation of which is scheduled to
proceed before the Bankruptcy Court on January 17, 2017.

The Ad Hoc Bank Lender Committee Members are:

Aristeia Capital, L.L.C.
BlackRock Advisors LLC
BlackRock Institutional Trust Company, National Association
BlackRock Financial Management, Inc.
Franklin Mutual Advisers, LLC
FS Investment Corporation
FS Investment Corporation II
FS Investment Corporation III
FS Global Credit Opportunities Fund
GSO Capital Partners LP
H/2 Credit Manager LP
HG Vora Capital Management, LLC
Invesco Senior Secured Management, Inc.
Owl Creek Asset Management, L.P.
OZ Special Master Fund, Ltd.
PointState Capital LP
Solus Alternative Asset Management LP
Taconic Capital Advisors L.P.

The obligations outstanding under the Credit Agreement beneficially
owned or controlled by the Ad Hoc Bank Lender Committee total
$2,619,724,087.

The Ad Hoc Bank Lender Committee is represented in the case by:

     Brian L. Shaw, Esq.
     SHAW FISHMAN GLANTZ & TOWBIN LLC
     321 N. Clark Street, Suite 800
     Chicago, IL 60654
     Telephone: (312) 541-0151

          - and -

     Kristopher M. Hansen, Esq.
     Kenneth Pasquale, Esq.
     Jonathan D. Canfield, Esq.
     STROOCK & STROOCK & LAVAN LLP
     180 Maiden Lane
     New York, NY 10038
     Telephone: (212) 806-5400

Caesars Entertainment Corp. is represented in the case by:

     Jeffrey D. Saferstein, Esq.
     Samuel E. Lovett, Esq.
     Paul, Weiss, Rifkind, Wharton & Garrison LLP
     1285 Avenue of the Americas
     New York, NY 10019

          - and -

     Paul S. Aronzon, Esq.
     Thomas R. Kreller, Esq.
     Milbank, Tweed, Hadley & McCloy LLP
     601 South Figueroa Street, 30th Floor
     Los Angeles, CA 90017

                  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 Examiner retained Winston &
Strawn LLP, as his counsel; Alvarez & Marsal Global Forensic and
Dispute Services, LLC, as financial advisor; and Luskin, Stern &
Eisler LLP, as special conflicts counsel.

                         *     *     *

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.


CAESARS ENTERTAINMENT: UST Balks at Plan Releases
-------------------------------------------------
Jessica Corso, writing for Bankruptcy Law360, reported that the
office of U.S. Trustee Patrick S. Layng filed a 39-page brief last
week highlighting the U.S. Trustee's reasons for opposing the
Chapter 11 confirmation plan of Caesars Entertainment Operating Co.
Inc., Caesars' casino operating subsidiary, saying the plan should
not be confirmed while the nondebtor parent and its private equity
sponsors are being promised "blanket immunity" from actions
undertaken before the bankruptcy.

The ultimate parent of the Debtors was acquired in 2008 by funds
managed by affiliates of Apollo Global Management, LLC and TPG
Capital, L.P. and their respective co-investors in a $30.7 billion
leveraged buyout.

On March 15, 2016, a court-appointed examiner issued his final
report on a partially redacted basis.  The Examiner released a
final, substantially unredacted version of his report on May 16.
The Examiner "investigated over fifteen sometimes related
transactions between CEOC . . . and other entities controlled by
CEC . . . and the LBO Sponsors."  The Examiner concluded that
"claims of varying strength arise out of these transactions for
constructive fraudulent transfers, actual fraudulent transfers
(based on intent to hinder and delay creditors) and breaches of
fiduciary duty by CEOC directors and officers and CEC," and that
"[a]iding and abetting breach of fiduciary duty claims, again of
various strength, exist against the Sponsors and certain of CEC's
directors."  The Examiner also concluded that "[n]one of these
claims involve criminal or common law fraud."

The Examiner ascribed a "value range" only to claims that he
concluded had a reasonable or greater probability of success.  The
Examiner concluded that the potential damages from those estate
claims the Examiner considered reasonable or strong range from $3.6
billion to $5.1 billion.  The Examiner noted that these claims
"will be vigorously contested by the affected parties and all of
them thus are subject to litigation risk."

                  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 Examiner retained Winston &
Strawn LLP, as his counsel; Alvarez & Marsal Global Forensic and
Dispute Services, LLC, as financial advisor; and Luskin, Stern &
Eisler LLP, as special conflicts counsel.

                         *     *     *

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.


CATASYS INC: Closes Exchange Agreements with Acuitas Group & Samus
------------------------------------------------------------------
Catasys, Inc., closed on Securities Exchange Agreements with each
of Acuitas Group Holdings, LLC, which entity is owned by Terren S.
Peizer, the Company's chairman and chief executive officer, Shamus,
LLC, which entity is owned by David E. Smith, a member of the
Company's board of directors, and other accredited investors,
pursuant to which the Company exchanged those certain 8% Senior
Promissory Notes issued to the Investors on Aug. 15, 2016, which
had an aggregate outstanding principal amount of $5.6 million, for
(i) 8% Convertible Debentures in the same principal amount due on
March 15, 2017, and (ii) five-year warrants to purchase shares of
the Company's common stock in amount equal to 40% of the initial
number of shares of common stock issuable upon conversion of each
Investor's Debentures, at an exercise price of $1.10 per share.

The December 2016 Warrants include a mechanism pursuant to which,
subject to certain exempt issuances, the exercise price of the
December 2016 Warrants will be adjusted if the Company issues
shares of common stock at a price that is less than the exercise
price of the December 2016 Warrants.  Such mechanism will remain in
effect until the earliest of (i) the termination date of the
December 2016 Warrants, (ii) such time as the December 2016
Warrants are exercised, or (iii) contemporaneously with the listing
of the Company's shares of common stock on a registered national
securities exchange.

                      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.


CC LLC: Disclosures Okayed, Plan Hearing on Feb. 1
--------------------------------------------------
The U.S. Bankruptcy Court for the Middle District of Florida will
consider approval of the Chapter 11 plan of CC, LLC at a hearing on
Feb. 1, at 9:30 a.m.

The hearing will be held at Courtroom 8A, 801 North Florida Avenue,
Tampa, Florida.

The court will also consider at the hearing objections to the
company's disclosure statement, which it conditionally approved on
Dec. 14.    

The order required creditors to cast their votes no later than
eight days before the Feb. 1 hearing.  Objections to the disclosure
statement and the plan must be filed no later than seven days prior
to the hearing.

The bankruptcy plan was jointly filed by CC, LLC and its creditor
Highland Properties of Gulfcoast, Ltd.

                           About CC LLC

CC, LLC, doing business as Baymont Inn Suites, Orlando, filed a
Chapter 11 petition (Bankr. M.D. Fla. Case No. 12-03886) on March
16, 2012.  The petition was signed by Kenneth W. Franklin, Jr.,
managing member.  

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


CENTRAL IOWA: Wants to Use Cash Collateral Through February 27
--------------------------------------------------------------
Central Iowa Healthcare seeks authorization from the U.S.
Bankruptcy Court for the Southern District of Iowa to use cash
collateral.

The Debtor proposes to use Cash Collateral for the payment of its
usual, ordinary, customary, regular, and necessary post-petition
expenses incurred in the ordinary course of its business and for
payment of those pre-petition claims approved and allowed the
Bankruptcy Court, and pursuant to its 13-week Budget.  The proposed
Budget covers the period from December 12, 2016 through February
27, 2017 and projects total operating disbursements of $16,760.

The Debtor is indebted to Great Western Bank in the amount of
$3,851,520 and to United Bank and Trust in the amount of
$1,420,557.  Great Western and United Bank hold validly perfected
and enforceable liens on and security interests in, among other
things, the Debtor's cash, negotiable instruments, documents of
title, securities, deposit accounts or other cash equivalents,
proceeds, products, offspring, rents, or profits of property, in
accordance with the terms of the various loan documents, including,
without limitation, the Security Agreements.

The Debtor proposes to grant Great Western and United Bank:

      (a) a validly perfected first priority lien on and security
interest in the Debtor's post-petition Collateral subject to
existing valid, perfected and superior liens in the Collateral held
by other creditors, if any, and the Carve-Out, which will be based
on their relative rights, liens and interests in the Debtor's Cash
Collateral prepetition.

      (b) a super-priority claim, in the event of, and only in the
case of Diminution of Value of their interests in the Collateral,
which will have priority in the Debtor's bankruptcy case  over all
priority claims and unsecured claims against the Debtor and its
estate.  This super-priority claim will be subject and subordinate
only to the Carve-Out, which includes: any fees due to the U.S.
Trustee and fees and expenses incurred by the Debtor's and
Bankruptcy Estate professionals and approved by the Court in an
amount not to exceed $500,000.

As further adequate protection, the Debtor proposes to make
post-petition monthly payments to Great Western and United Bank in
an amount equal to the amount paid pre-petition, pursuant to the
Debtor's pre-petition loan documents with Great Western and United
Bank, unless the Debtor and Great Western and/or United Bank agree
to a different or lesser amount.

A full-text copy of the Debtor's Motion, dated December 20, 2016,
is available at https://is.gd/9SDRB4

                     About Central Iowa Healthcare

Central Iowa Healthcare, formerly doing business as Marshalltown
Medical Surgical Center, is a not-for-profit corporation formed
under the laws of the State of Iowa, and is tax exempt pursuant to
section 501(c)(3) of the Internal Revenue Code.  CIH is governed by
a 14-member Board of Trustees of which two members serve on an
ex-officio basis.  

CIH operates a community hospital in Marshalltown, Iowa, which is
located between Des Moines and Cedar Rapids.  CIH's 49-bed, acute
care facility is the only fullservice medical center in the area.
CIH provides inpatient, outpatient, emergency care, and medical
clinic services for the residents of Marshall, Tama, and Grundy
counties. These counties combined have a population of over 60,000
and are home to several large companies that are significant local
employers.  CIH is the sixth largest employer in Marshalltown.
According to U.S. Census 2015 data, Marshalltown's population is
estimated at 27,620 and a median income of $50,396.

Declining revenues over the past several years have placed a
considerable financial strain on CIH and led to uncertainty about
the hospital's ability to continue as a going concern.

Central Iowa Healthcare sought Chapter 11 protection (Bankr. S.D.
Iowa Case No. Case No. 16-02438-1) on Dec. 20, 2016.  The Petition
was signed by Dawnett Willis, acting CEO.  The case is assigned to
Judge Anita L. Shodeen.  The Debtor disclosed $81.91 million total
assets and $20.02 million total liabilities.

The Debtor employs Jeffrey D. Goetz, Esq. and Krystal R.
Mikkilineni, Esq. at Bradshaw, Fowler, Proctor & Fairgrave PC as
Reorganization Counsel; Aaron L. Hammer, Esq. and Mark S.
Melickian, Esq. at Sugar, Felsenthal, Grais & Hammer LLP as Special
Healthcare Reorganization Counsel; Alvarez & Marsal Healthcare
Industry Group, LLC as Financial & Restructuring Advisors.

No motion for the appointment of a Chapter 11 Trustee or Examiner
has been filed in this Chapter 11 Case. No committee of unsecured
creditors has been formed.


CHIMNEY HILL: Hires Gorski & Knowlton as Attorney
-------------------------------------------------
Chimney Hill Farm Enterprise, Inc., seeks authority from the U.S.
Bankruptcy Court for the District of New Jersey to employ Gorski &
Knowlton PC as attorney to the Debtor.

Chimney Hill requires Gorski & Knowlton to represent the Debtor in
the Chapter 11 Bankruptcy proceeding.

Gorski & Knowlton will be paid at the hourly rate of $400.

Gorski & Knowlton will be paid a retainer in the amount of $10,000,
plus $1,717 filing fee.

Gorski & Knowlton will also be reimbursed for reasonable
out-of-pocket expenses incurred.

Allen I. Gorski, member of Gorski & Knowlton PC, 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.

Gorski & Knowlton can be reached at:

     Allen I. Gorski, Esq.
     GORSKI & KNOWLTON PC
     311 Whitehorse Avenue, Suite A
     Hamilton, NJ 08610
     Tel: (609) 964-4000
     E-mail: agorski@gorskiknowlton.com

                       About Chimney Hill

Chimney Hill Farm Enterprise, Inc., based in Lambertville, NJ,
filed a Chapter 11 petition (Bankr. D.N.J. Case No. 16-33643) on
December 12, 2016. The Hon. Michael B. Kaplan presides over the
case.  Allen I Gorski, Esq., at Gorski & Knowlton PC, 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 Richard Andeson, vice president.


CHINA COMMERCIAL: John Levy Quits From Board of Directors
---------------------------------------------------------
Mr. John Levy notified China Commercial Credit, Inc., of his
resignation from the board of directors of the Company effective
Dec. 19, 2016.  Mr. Levy's decision to resign did not result from
any disagreement with the Company on any matter relating to the
Company's operations, policies or practices, according to a Form
8-K report filed with the Securities and Exchange Commission.

                  Appointment of Teck Chuan Yeo

On the same day, the Board appointed Mr. Teck Chuan Yeo to serve as
the chairman of the Board's Audit Committees, effective immediately
and Mr. Yeo will no longer serve as the chairman of the Board's
Nominating and Corporate Governance Committee.

                   Appointment of Boling Liu

On Dec. 22, 2016, the Board appointed Ms. Boling Liu to fill the
vacancy created by the resignation of Mr. John Levy, effective
immediately.  In addition to serving on the Board, Ms. Liu will
serve on the Board's Audit, Nominating and Corporate Governance and
Compensation committees.  Ms. Liu will also serve as the chairwoman
of the Board's Nominating and Corporate Governance Committee.

Ms. Liu, age 30, has been the vice president of Shenzhen Tianhe
E-Commerce Limited Company since August 2010.  From January 2010 to
August 2010, Ms. Liu served as a manager of the sales department of
Shenzhen Guantian Aeronautics.  From April 2005 to January 2010,
Ms. Liu served as the manager of customer service of Shanxi Datang
Air Service Limited Company.  Ms. Liu obtained a bachelor degree of
Shanxi Normal University, computer information college.

Ms. Liu does not have any family relationship with any director or
executive officer of the Company and has not been involved in any
transaction with the Company during the past two years that would
require disclosure under Item 404(a) of Regulation S-K.

Ms. Liu has entered into an independent director agreement with the
Company, which sets her annual compensation at $20,000 per year and
establishes other terms and conditions governing her service on the
Company's Board.

                 About China Commercial Credit

China Commercial Credit, Inc., offers financial services in China.
It provides direct loans, loan guarantees and financial leasing
services to small-to-medium sized businesses, farmers and
individuals in the city of Wujiang, Jiangsu Province.

China Commercial reported a net loss of $55.83 million in 2015
following a net loss of $23.37 million in 2014.

As of Sept. 30, 2016, China Commercial had $22.45 million in total
assets, $19.74 million in total liabilities and $2.70 million in
total shareholders' equity.

Marcum Bernstein & Pinchuk LLP, in New York, New York, issued a
"going concern" qualification on the consolidated financial
statements for the year ended Dec. 31, 2015, citing that the
Company has accumulated deficit that raises substantial doubt about
its ability to continue as a going concern.


CHOUDRIES INC: Hires CGA Law as Counsel
---------------------------------------
Choudries, Inc., d/b/a Super Seven Food Mart, seeks authority from
the U.S. Bankruptcy Court for the Middle District of Pennsylvania
to employ CGA Law Firm as counsel to the Debtor.

Choudries, Inc. requires CGA Law to represent the Debtor with
respect to all legal matters relating to the Chapter 11
proceedings.

CGA Law will be paid at these hourly rates:

     Lawrence V. Young, Esq.               $345
     Hunter Schenck, Esq.                  $160
     E. Haley Rohrbaugh, Law Clerk         $130
     Christina M. Locondro, Paralegal      $120
     Kenneth L. Brayboy, Paralegal         $120

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

Lawrence V. Young, member of CGA Law Firm, assured the Court that
the firm is a "disinterested person" as the term is defined in
Section 101(14) of the Bankruptcy Code and does not represent any
interest adverse to the Debtor and its estates.

CGA Law can be reached at:

     Lawrence V. Young, Esq.
     CGA LAW FIRM
     135 North George Street
     York, PA 17401
     Tel: (717) 848-4900

                       About Choudries, Inc.

Headquartered in Mechanicsburg, Pennsylvania, Choudries Inc. dba
Super Seven Food Mart filed for Chapter 11 bankruptcy protection
(Bankr. M.D. Pa. Case No. 16-02475) on June 13, 2016, and is
represented by Gary J. Imblum, Esq., at Imblum Law Offices, P.C.
The petition was signed by Abdul Akhter, president. The Debtor
estimated its assets and liabilities at between $1 million and $10
million each. Judge Mary D. France presides over the case.


CLEAN HARBORS: Egan-Jones Lowers Sr. Unsec. Ratings to BB-
----------------------------------------------------------
Egan-Jones Ratings Company, on Dec. 12, 2016, downgraded the senior
unsecured ratings on debt issued by Clean Harbors Inc. to BB- from
BB.

Clean Harbors, Inc. is a provider of environmental, energy and
industrial services, including hazardous waste disposal for
companies, including Fortune 500 companies, small waste generators
and federal, state, provincial and local governments.



COLORADO CHOICE: A.M. Best 'B' FSR Still Under Review Negative
--------------------------------------------------------------
A.M. Best has commented that the Financial Strength Rating of B
(Fair) and the Long-Term Issuer Credit Rating of "bb+" of Colorado
Choice Health Plans (Colorado Choice) (Alamosa, CO) will remain
under review with negative implications.

The maintained under review status with negative implications
reflects Colorado Choice's Oct. 27, 2016 announcement that it has
entered into a strategic relationship with Melody Health Insurance
Inc. (Melody Health), a Denver-based startup for-profit carrier
backed by private equity. This relationship is anticipated to
commence in December 2016, subject to regulatory approval from the
Colorado Division of Insurance and the Colorado Attorney General's
Office. This arrangement will convert Colorado Choice into a
for-profit entity, and the company will become a wholly owned
subsidiary of Melody Health. Melody Health has contributed $1.2
million in capital to Colorado Choice, and has committed to
contributing additional capital by year-end 2016 to support
Colorado Choice's growing individual major medical business.

Following the material deterioration in Colorado Choice's capital
and surplus and significant increase in premium revenue from
membership growth through the third quarter 2016, A.M. Best
believes the company currently maintains an inadequate level of
risk-adjusted capital for its present insurance and investment
risks, as well as future growth, as measured by Best's Capital
Adequacy Ratio (BCAR).

The ratings will remain under review while A.M. Best continues
discussions with management regarding the extent and timing of
near-term capital contributions anticipated from Melody Health
Insurance Inc.


COMBIMATRIX CORP: Scott Gottlieb Resigns as Director
----------------------------------------------------
Dr. Scott Gottlieb tendered his resignation on Dec. 19, 2016, from
the Board of Directors of CombiMatrix Corporation and from the
Board committees on which he served.  Dr. Gottlieb's resignation
was for personal reasons and is not a result of any disagreement
with management, as disclosed in a Form 8-K report filed with the
Securities and Exchange Commission.

                       About Combimatrix

Irvine, California-based CombiMatrix Corporation specializes in
pre-implantation genetic screening, miscarriage analysis, prenatal
and pediatric healthcare, offering DNA-based testing for the
detection of genetic abnormalities beyond what can be identified
through traditional methodologies.  Its clinical lab and corporate
offices are located in Irvine, California.

Combimatrix reported a net loss of $6.60 million in 2015 compared
to a net loss of $8.70 million in 2014.

As of Sept. 30, 2016, Combimatrix had $8.88 million in total
assets, $1.95 million in total liabilities and $6.93 million in
total stockholders' equity.

Haskell & White LLP, in Irvine, California, issued a "going
concern" qualification on the consolidated financial statements for
the year ended Dec. 31, 2015, citing that the Company has limited
working capital and a history of incurring net losses and net
operating cash flow deficits.  These conditions raise substantial
doubt about the Company's ability to continue as a going concern.


CONSOLIDATED COMMUNICATIONS: Egan-Jones Hikes Sr. Unsec. Rating to
------------------------------------------------------------------
Egan-Jones Ratings Company, on Dec. 5, 2016, upgraded the senior
unsecured ratings on debt issued by Consolidated Communications
Holdings Inc. to B from B-.

Consolidated Communications Holdings, Inc. is a holding company
with operating subsidiaries that provide integrated communications
services in consumer, commercial and carrier channels in
California, Illinois, Iowa, Kansas, Minnesota, Missouri, North
Dakota, Pennsylvania, South Dakota, Texas and Wisconsin.



CRESCENT HAUS: Disclosures Okayed, Plan Hearing on Jan. 31
----------------------------------------------------------
The U.S. Bankruptcy Court for the Eastern District of Texas will
consider approval of the Chapter 11 plan of reorganization of
Crescent Haus Properties, LLC at a hearing on Jan. 31, at 9:30
a.m.

The hearing will be held at the U.S. Bankruptcy Court, Suite 300B,
660 North Central Expressway, Plano, Texas.

The court had earlier approved Crescent Haus' disclosure statement,
allowing the company to start soliciting votes from creditors.  

The Dec. 15 order set a Jan. 24 deadline for creditors to cast
their votes.  Creditors have until Jan. 20 to file their
objections.

                       About Crescent Haus

Crescent Haus Properties, LLC, sought protection under Chapter 11
of the Bankruptcy Code (Bankr. E.D. Tex. Case No. 16-40996) on June
6, 2016, disclosing under $1 million in both assets and
liabilities.  The Debtor is represented by Joyce W. Lindauer, Esq.,
at Joyce W. Lindauer Attorney PLLC.

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


DAVE 60 NYC: Seeks May 23 Exclusive Plan Filing Extension
---------------------------------------------------------
Dave 60 NYC, Inc. asks the U.S. Bankruptcy Court for the Southern
District of New York to extend the exclusive period within which
only the Debtor may file a plan of reorganization for 120 days
through and including May 23, 2017.

Absent the requested extension, the Debtor's current exclusivity
period would expire on January 23, 2017.  As such, the Debtor seeks
exclusivity extension to ensure that the Court, the Debtor and
other parties in interest are not distracted by the filing of any
competing or premature plans.

The Debtor relates that it has been primarily focused on increasing
its assets, primarily through a preference action initiated by the
Debtor against the Law Offices of Anthony Accetta, P.A. and Anthony
Accetta.  As part of its preference action, the Debtor is seeking
to remove and transfer related pending litigation against the Law
Offices of Anthony Accetta, et al. in Florida State Court to the
Bankruptcy Court.  However, the Debtor still awaits the decision of
Florida State Court as to whether it will remove and transfer the
Florida State Court Action to the Bankruptcy Court or remand to the
Florida State Court.

The Debtor contends that if it is successful with its preference
and removal action, there is a significant possibility that any
proceeds from the litigation will significantly increase the
Debtor's estate and allow it to fund a plan of reorganization.  
The Debtor further contends that it is currently monitoring an
arbitration seeking to resolve certain employee claims that were
asserted against the Debtor and other parties prior to the Petition
Date.

As part of the Debtor's claims reconciliation process, it is also
seeking to establish a claims bar date process that will reach as
many potential claimants as possible so that the Debtor can
ascertain its potential liabilities.

The Debtor needs time to pursue its preference action against the
Law Offices of Anthony Accetta, P.A., et al., and a resolution of
the preference action will be determinative of the type of plan
that the Debtor can file. In the meantime, it is critical that the
Debtor maintain the exclusive right to file a plan, so that the it
will not be using estate resources in filing a plan that may not
proceed due to the unresolved preference action.

                      About Dave 60 NYC

Dave 60 NYC Inc. operates a holding company, which holds a
non-managing 59.05% interest in an entity which operates a
restaurant in Manhattan, Philippe by Philippe Chow.

Dave 60 NYC Inc., filed a Chapter 11 bankruptcy petition (Bankr.
S.D.N.Y. Case No. 16-12146) on July 27, 2016.  Judge Michael E
Wiles presides over the case.

No trustee, examiner or committee has been appointed in Debtor’s
Chapter 11 case.


DAYA MEDICALS: D. Klein, DKMC To Be Paid 100% Over 5Yrs at 4.75%
----------------------------------------------------------------
Daya Medicals, Inc., filed with the U.S. Bankruptcy Court for the
Southern District of Florida an amended disclosure statement dated
Dec. 14, 2016, referring to the Debtor's plan of reorganization
dated Nov. 21, 2016.

Class 1 consists of the secured claims of Dana Klein and DKMC Inc.
-- totaling $889,698.59.  Ms. Klein and DKMC have a joint judgment
against the Debtor and its insiders.  Due to being a judgment lien,
all assets of the estate are collateral.  This is not an insider
claim and the claim is impaired due to the claimants losing their
right to proceed with a state court receivership.

The secured claim of Dana Klein and DKMC will be paid in full at
the scheduled amount of $889,698.59 over a five-year period with
simple interest at the rate of 4.75% from the effective date of the
Plan.  Five percent of the scheduled amount plus interest will be
paid in Year 1 including an initial payment of 3.15% paid on the
effective date of the Plan, 10% of the scheduled amount plus
interest will be paid in Year 2, 20% of the scheduled amount plus
interest will be paid in Year 3, 30% of the scheduled amount plus
interest will be paid in Year 4, and 35% of the scheduled amount
plus interest will be paid in Year 5. Payments will be made
quarterly with the first payment being made on Dec. 31, 2017.
Quarterly payments will be made on Dec. 31, March 31, June 30, and
Sept. 30 with the final payment being made on Sept. 30, 2022.  Dana
Klein and DKMC loses the right to a state court receiver and all
other state court remedies so long as the Plan payments are timely
paid.  Once the Plan is paid in full, Dana Klein and DKMC will file
and record a satisfaction of judgment which extinguishes their lien
by operation of law.

Payments and distributions under the Plan will be funded by royalty
payments received from the Debtor's licensee, Daya Medicals, Inc.
(Canada) (fka 2407216 Ontario Inc).  These royalty payments will be
paid at a rate of 3% of gross sales from sales of the MedPod
device.  The Licensee has minimum purchase commitments for the
MedPod which will produce sufficient revenues to fund the Plan.

The Amended Disclosure Statement is available at:

            http://bankrupt.com/misc/flsb15-24931-157.pdf

                         About Daya Medicals

Daya Medicals, Inc. (Bankr. S.D. Fla. Case No. 15-24931) filed a
Chapter 11 petition on Aug. 18, 2015, and is represented by Michael
D. Moccia, Esq., at Law Office of Michael D. Moccia, PA, in Boca
Raton, Florida.

Since 1996, the Debtor has been in the business of research and
development of intellectual property related to biomedical
technologies and licensing, such as intellectual property to
licenses in exchange for royalty payments.

At the Petition Date, it had $1 million to $10 million in Estimated
assets and $1 million to $10 million in estimated liabilities.  The
case is assigned to Judge Erik P. Kimball.  The petition was signed
by Justin K. Daya, chief executive officer.


DEDICATED STAGING: WSB Withholds Consent to Cash Use
----------------------------------------------------
Western State Bank, a secured creditor and party-in-interest in the
Chapter 11 case of Dedicated Staging, L.L.C. notifies the U.S.
Bankruptcy Court for the District of Arizona that it does not
consent to, and requests the Court to prohibit the Debtor and any
other entity or individual from any use of the Collateral and order
that all proceeds of the Collateral be placed in a segregated
interest bearing account pending further order of the Court.

Western State Bank asserts that it has a secured claim against the
Debtor, particularly an interest in substantially all of the
Debtor's accounts receivable, deposit accounts, cash, and
substantially all of the Debtor's other personal property, and all
proceeds therefrom, as security for repayment of amounts due and
owing to Western State Bank under the Loan Documents.

Western State Bank relates that it loaned $980,000 to the Debtor
and its affiliate, Precise Corporate Staging, L.L.C.  Western State
Bank further relates that it has loaned an additional $830,700 to
Debtor and also made a Small Business Administration loan to Debtor
in the principal sum of $3,015,200.

Western State Bank tells the Court that each of the Loans are
cross-defaulted and cross-collateralized with one another, and as
such, the Debtor's assets serve as collateral for the Western State
Bank's loans to Precise Corporate as well as its loans to the
Debtor.

Accordingly, Western State Bank also requests the Court that in the
event that the Debtor has dissipated its cash collateral
post-petition, the Court would grant it replacement liens, an
allowed administrative or super-priority claim since the Debtor is
not providing, and has not offered to provide, Western State Bank
with adequate protection (or any protection) of Western State
Bank's interests in the Collateral.

Dedicated Staging, L.L.C. is represented by:

           John C. Smith, Esq.
           Smith & Smith, PLLC
           6720 E. Camino Principal, Suite 203
           Tucson, Arizona 85715
           Email: john@smithandsmithpllc.com

Western State Bank is represented by:

           James L. Ugalde, Esq.
           Elizabeth S. Fella, Esq.
           Quarles & Brady LLP
           Renaissance One
           Two North Central Avenue
           Phoenix, AZ 85004-2391
           Telephone: 602.229.5200
           Facsimile: 602.229.5690
           Email: jim.ugalde@quarles.com
                  elizabeth.fella@quarles.com


                       About Dedicated Staging LLC

Dedicated Staging LLC filed a Chapter 11 petition (Bankr. D. Ariz.
Case No. 16-14283), on December 20, 2016.  The Debtor is
represented by John C. Smith, Esq. at Smith & Smith, PLLC.


DIAMOND STORAGE: U.S. Trustee Unable to Appoint Committee
---------------------------------------------------------
An official committee of unsecured creditors has not yet been
appointed in the Chapter 11 case of Diamond Storage Investments,
LLC, as of Dec. 27, 2016, according to a court docket.

Headquartered in Scottsdale, Arizona, Diamond Storage Investments,
LLC, filed for Chapter 11 bankruptcy protection (Bankr. D. Ariz.
Case No. 16-10708) on Sept. 16, 2016, estimating its assets at
between $500,001 and $1 million and its liabilities at up to
$50,000.  Janel M. Glynn, Esq., at Gallagher & Kennedy serves as
the Debtor's bankruptcy counsel.


DMP PARTNERS: Hires Mitchell & Hammond as Counsel
-------------------------------------------------
DMP Partners Arizona, LLC, seeks authority from the U.S. Bankruptcy
Court for the Western District of Oklahoma to employ Mitchell &
Hammond as counsel to the Debtor.

DMP Partners requires Mitchell & Hammond to represent the Debtor in
the Chapter 11 Bankruptcy proceeding.

Mitchell & Hammond will be paid at these hourly rates:

     Attorneys                  $300
     Legal Assistants           $80
     Law Clerks                 $80

Mitchell & Hammond will also be reimbursed for reasonable
out-of-pocket expenses incurred.

Gary D. Hammond, member of Mitchell & Hammond, 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.

Mitchell & Hammond can be reached at:

     Gary D. Hammond
     MITCHELL & HAMMOND
     512 N.W. 12th Street
     Oklahoma City, OK 73103
     Tel: (405) 216-0007
     Fax: (405) 232-6358
     E-mail: gary@okatty.com

                       About DMP Partners

DMP Partners Arizona, LLC, based in Norman, OK, filed a Chapter 11
petition (Bankr. W.D. Okla. Case No. 16-14920) on December 9, 2016.
The Hon. Janice D. Loyd presides over the case. Gary D. Hammond,
Esq. at Mitchell & Hammond, to serve as bankruptcy counsel.

In its petition, the Debtor estimated $1.61 million in assets and
$2.23 million in liabilities. The petition was signed by Hal
William Ezzell, member.


DORAL DENTAL: GE Capital To Get Paid $3,700 Per Month Under Plan
----------------------------------------------------------------
Doral Dental, P.A., filed with the U.S. Bankruptcy Court for the
Southern District of Florida a second amended disclosure statement
referring to the Debtor's plan of reorganization, which proposes to
pay its obligations 100% over 50 months from confirmation of the
plan estimated at February 2017.

Under the Plan, Class 3 Secured Claim GE Capital is impaired.  GE's
claim is estimated at $379,720.21.  GE will retain its lien.  The
Debtor will pay $3,700 month per addendum to settlement until paid
in full.  About 60 payments at $3,700 comes to $222,000, leaving a
shortfall of $157,720.21, to be paid $3,700 per month until paid.
No discharge in favor of the debtor as to that balance until paid.

Allowed non insider unsecured claims will be paid 100% in equal
payments beginning effective date.  AFCO will be paid on month 1
$409.07 and IRS over next 10 months at $487.61 monthly.  Insider
claims will be subordinated but retain their claims. Rejection
damage claim by Keymerica or additional attorneys' fees for lease,
if any, would also be paid 100% in equal monthly installments of
$500 each.

Payments and distributions under the Plan will be funded by the
Debtor by the ongoing operation of the business.

The Second Amended Disclosure Statement is available at:

        http://bankrupt.com/misc/flsb16-13927-95.pdf

As reported by the Troubled Company Reporter on Dec. 14, 2016, the
Debtor filed with the Court an amended disclosure statement
describing the Debtor's plan of reorganization, which proposed that
Class 1 - Priority Claims (IRS) are impaired under the Plan and
will be paid $731.50 per month for 50 months.  About $34,343.43
will be paid within five years of the Petition Date, starting
February 2017.  It will include 3% interest on any unpaid claim
amounts after the Effective Date.

The Amended Disclosure Statement is available at:

           http://bankrupt.com/misc/flsb16-13927-89.pdf

As reported by the Troubled Company Reporter on Oct. 25, 2016, the
Debtor filed with the Court a disclosure statement describing a
Chapter 11 plan, which classified general unsecured creditors in
Class 5 and proposed to pay them 100% of their allowed claims.

Doral Dental, PA, is a professional corporation, a dental practice
located at 10818 NW 58 St, Miami, Florida 33178.  Insiders of the
Debtor consist of owner Dr. Kerry Smith, the dentist.

The Debtor filed a Chapter 11 Petition (Bankr. S.D. Fla. Case No.
16-13927) on March 21, 2016.  The Debtor is represented by Joel M.
Aresty, Esq.

Doral Dental, PA, is a professional corporation, a dental practice
located at 10818 NW 58 St, Miami, Florida 33178.  Insiders of the
Debtor consist of owner Dr. Kerry Smith, the dentist.

The Debtor filed a Chapter 11 Petition (Bankr. S.D. Fla. Case No.
16-13927) on March 21, 2016.  The Debtor is represented by Joel M.
Aresty, Esq.


EIF CHANNELVIEW: S&P Cuts Issue Rating to B+ on Weak ERCOT Pricing
------------------------------------------------------------------
S&P Global Ratings lowered its issue rating to 'B+' from 'BB-' on
EIF Channelview Cogeneration LLC (Channelview) and revised its
recovery rating to '2' from '1'.  The outlook is negative.

S&P is also revising its recovery rating to '2' from '1' to reflect
S&P's expectations of about 85% recovery in the event of a payment
default.

"The rating action reflects our view of the continued weak power
pricing environment in the Electric Reliability Council of Texas
market resulting from a variety of factors, including less extreme
weather, lower-than-anticipated demand growth, and considerable
renewable penetration," said S&P Global Ratings credit analyst
Corinne Bendersky.

The negative outlook on Channelview reflects S&P's view that power
prices could continue to weaken in ERCOT during the next two years,
leading to consistently lower DSCRs and heightening refinance
risk.



ELITE PHARMACEUTICALS: Provides Update on SequestOx NDA
-------------------------------------------------------
Elite Pharmaceuticals, Inc., announced the Company met with the
U.S. Food and Drug Administration on Dec. 21, 2016, for an
end-of-review meeting to discuss steps that Elite can take to
obtain approval of SequestOxTM.  Based on the FDA response, the
Company believes there is a clear path forward to address the
issues cited in the July 14th Complete Response Letter.  The FDA
will provide minutes of the meeting by the end of January and the
Company will issue a further update at that time.

SequestOx (oxycodone hydrochloride and naltrexone hydrochloride) is
Elite's investigational abuse-deterrent opioid candidate for the
management of moderate to severe acute pain where the use of an
opioid analgesic is appropriate.  The proposed plan submitted by
the Company addresses items cited in the Complete Response Letter
dated July 14, 2016, for the New Drug Application for SequestOx.

"We are extremely pleased that there is a path forward to seek FDA
approval of SequestOx," said Nasrat Hakim, president and CEO of
Elite.  "Based on the guidance received from the agency, Elite will
begin to execute the proposed plan immediately."

                  About Elite Pharmaceuticals

Northvale, New Jersey-based Elite Pharmaceuticals, Inc., is a
specialty pharmaceutical company principally engaged in the
development and manufacture of oral, controlled-release products,
using proprietary technology and the development and manufacture
of generic pharmaceuticals.  The Company has one product,
Phentermine 37.5mg tablets, currently being sold commercially.

Elite reported net income attributable to common shareholders of
$28.9 million on $5 million of total revenues for the year ended
March 31, 2015, compared to a net loss attributable to common
shareholders of $96.5 million on $4.6 million of total revenues for
the year ended March 31, 2014.

As of Sept. 30, 2016, Elite had $34.86 million in total assets,
$12.39 million in total liabilities and $22.47 million in total
shareholders' equity.


ERICKSON INC: Unsecureds To Get Share of Litigation Trust Interests
-------------------------------------------------------------------
Erickson Inc, et al., filed with the U.S Bankruptcy Court for the
Northern District of Texas a disclosure statement explaining their
joint plan of reorganization, dated Dec. 23, 2016.

Under the plan, Class 7 includes any Allowed Unsecured Claim that
is not: an Administrative Claim; a Professional Compensation Claim;
a Priority Unsecured Tax Claim; an Other Priority Unsecured Claim;
or an Intercompany Claim.

Except to the extent that a holder of an Allowed General Unsecured
Claim agrees to less favorable treatment, in full and final
satisfaction, compromise, settlement, release, and discharge of and
in exchange for each General Unsecured Claim, each holder of an
Allowed Class 7 Claim will receive its Pro Rata share of the
Litigation Trust Interests.

On December 14, 2016, each of the Debtors Filed their Schedules of
Assets and
Liabilities.  Pursuant to the Schedules of Assets and Liabilities
and based on stipulations under the DIP Financing Order, the
Debtors estimate the following types and amounts of Claims in the
Chapter 11 Cases:

   Administrative Claims                      $[_]
   Priority Unsecured Tax Claims              $[_]
   Other Priority Unsecured Claims            $[_]
   Secured Tax Claims                         $[_]
   Existing First Lien Credit Facility Claims $130,763,848
   Existing Second Lien Claims (including
   Existing Second Lien Convenience Claims)   $355,000,000
   General Unsecured Claims (not including the
   Existing Second Lien Convenience Claims)    $46,125,000
   Intercompany Claims                        $735,972,000

The Bar Date is March 20, 2017.  As the Bar Date has not yet
occurred, few Proofs of
Claims have been Filed.  The Debtors will have more clarity with
respect to the Claims against the Debtors as more Proofs of Claims
are Filed.

Distributions under the Plan will be made with:

   (1) Cash on hand, including Cash from operations;
   (2) the New Common Stock;
   (3) the New First Lien Credit Facility
   (4) the New Second Lien Credit Facility;
   (5) the Rights;
   (6) the proceeds from the Rights Offering; and
   (7)interests in the Litigation Trust, as applicable.

A full-text copy of  the Disclosure Statement is available at:
http://bankrupt.com/misc/txnb16-34393-11-212.pdf 

                     About Erickson

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

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

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

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

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

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

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


ESCALERA RESOURCES: Hires Seaport Global as Investment Banker
-------------------------------------------------------------
Escalera Resources Co., seeks authority from the U.S. Bankruptcy
Court for the District of Colorado to employ Seaport Global
Securities LLC as investment banker to the Debtor.

Escalera Resources requires Seaport Global to:

   a. review and analyze the Debtor's business and financial
      projections for the purpose of facilitating a transaction;

   b. assist the Debtor in evaluating, structuring, negotiating
      and implementing potential Transactions;

   c. assist the Debtor in preparing descriptive material to be
      provided to potential parties that might participate in
      potential Transactions and assist in preparing and
      maintaining a due diligence package for potential parties
      to a potential Transaction, including without limitation an
      electronic data room;

   d. develop, update and review with the Debtor on an ongoing
      basis a list of parties that might participate in potential
      Transactions;

   e. contact and maintain dialogue with potential parties to
      potential Transactions;

   f. assist the Debtor with evaluating potential term sheets,
      indications of interest, letters of intent and other
      Transaction agreements;

   g. assist the Debtor in negotiating agreements and definitive
      contracts;

   h. assist as requested in all tasks described in any sale
      procedures orders entered in the Bankruptcy Case, including
      negotiation with any stalking horse bidders or other
      bidders and conducting any auctions;

   i. participate in hearings before the Bankruptcy Court and
      provide relevant testimony and other evidence with respect
      to the matters within the scope of services described
      herein, including but not limited to adequate protection
      and valuation;

   j. assist in the development of financial data and
      presentations to the Debtor's Board of Directors and
      representatives, and to various creditors, committees and
      other parties; and

   k. perform other services as Seaport Global and the
      Debtor shall mutually agree.

Seaport Global will be paid $50,000 per month for six months, of
which $150,000 is due on or before December 30, 2016.

Seaport Global will earn a fee of an additional $200,000 in the
event of a sale or financing, increasing to $250,000 if the sale
occurs more than nine months after the Agreement date.

Michael H. Schmidt, member of Seaport Global Securities 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 (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.

Seaport Global can be reached at:

     Michael H. Schmidt
     SEAPORT GLOBAL SECURITIES LLC
     400 Poydras Street, Suite 3100
     New Orleans, LA 70130
     Tel: (504) 410-8010

                       About Escalera Resources

Headquartered in Denver, Colorado, Escalera Resources Co. (OTCMKTS:
ESCRQ) is an independent energy company engaged in the exploration,
development, production and sale of natural gas and crude oil,
primarily in the Rocky Mountain basins of the western United
States. Escalera was incorporated in Wyoming in 1972 and
reincorporated in Maryland in 2001. As of October 2015, the Company
had 22 employees, none of whom are subject to a collective
bargaining agreement.

Escalera has approximately 14,300,000 shares of common stock symbol
"ESCR") and 1,610,000 shares of Series A Cumulative Preferred Stock
(symbol "ESCRP") outstanding.

Escalera Resources filed for Chapter 11 bankruptcy protection
(Bankr. D. Colo. Case No. 22395) on Nov. 5, 2015.  Adam Fenster,
the chief financial officer, signed the petition. Judge Thomas B.
McNamara is assigned to the case.

The Debtor listed total assets of $97.7 million and total
liabilities of $67.7 million as of June 30, 2015.

The Debtor has won approval to employ Onsager | Guyerson | Fletcher
| Johnson ("OGFJ"), as bankruptcy counsel. Three other
professionals were approved by the Court: (i) Hein & Associates,
LLP, as accountants for Debtor; (ii) Lindquist & Vennum LLP, as
special counsel for the Debtor in connection with the Humphrey
Litigation; and (iii) Jones & Keller, P.C., as special counsel for
the Debtor for general corporate and securities matters.


FARMACIAS FREDDY: Case Summary & 10 Unsecured Creditors
-------------------------------------------------------
Debtor: Farmacias Freddy, Inc.
        PO Box 97
        Naguabo, PR 00718

Case No.: 16-09980

Chapter 11 Petition Date: December 23, 2016

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

Judge: Hon. Brian K. Tester

Debtor's Counsel: Jesus Enrique Batista Sanchez, Esq.
                  THE BATISTA LAW GROUP, PSC
                  Cond Midtown Center
                  420 Juan Ponce De Leon Ave, Suite 901
                  San Juan, PR 00918
                  Tel: 787-620-2856
                  Fax: 787-620-2854
                  E-mail: jesus.batista@batistalawgroup.com

Total Assets: $646,094

Total Debt: $1.05 million

The petition was signed by Ivan Garcia, president.

A copy of the Debtor's list of 10 unsecured creditors is available
for free at http://bankrupt.com/misc/prb16-09980.pdf


FARMER'S MECHANICAL: Hires Bertha Ramirez as Accountant
-------------------------------------------------------
Farmer's Mechanical Services, Inc., seeks authority from the U.S.
Bankruptcy Court for the District of Arizona to employ Bertha
Ramirez Tax & Accounting Service as accountant to the Debtor.

Farmer's Mechanical requires Bertha Ramirez to:

   a. provide payroll services including calculating payroll,
      payment of employee and employer withholding taxes to the
      appropriate governmental agencies and filing quarterly and
      annual payroll tax reports, when needed;

   b. calculate and file of Quarterly Reports and Annual reports
      such as W-2's, W-3's and 1099's;

   c. provide monthly accounting services, preparation of general
      ledger books and preparation of monthly financial
      statements;

   d. assist with preparation of monthly reports required by the
      United States Trustee; and

   e. prepare post-petition yearly state and federal tax returns.

Bertha Ramirez will be paid at these hourly rates:

   a. Payroll services                            $90 per hour

   b. i.   Quarterly Reports                      $85 per quarter
      ii.  Annual Reports for W-2's and W-3's     $50 per annum
      iii. Annual Reports for 1099 Forms          $50 per annum

   c. Monthly accounting services                 $180 per month

   d. Preparation of monthly reports              $100 per month

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

Bertha Zavala, member of Bertha Ramirez Tax & Accounting Service,
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.

Bertha Ramirez can be reached at:

     Bertha Zavala
     BERTHA RAMIREZ TAX & ACCOUNTING SERVICE
     825 S 4th Avenue
     Yuma, AZ 85364
     Tel: (928) 580-7414

                       About Farmer's Mechanical

Farmer's Mechanical Services, LLC, sought protection under Chapter
11 of the Bankruptcy Code (Bankr. D. Ariz. Case No. 16-11740) on
Oct. 12, 2016.

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

Thomas H. Allen, Esq., and Philip J. Giles, Esq., at Allen Barnes &
Jones, PLC, serve as the Debtor's bankruptcy counsel.


FINJAN HOLDINGS: Receives Noncompliance Notice from NASDAQ
----------------------------------------------------------
Finjan Holdings, Inc., received on Dec. 16, 2016, a written
notification from the staff of the Listing Qualifications
Department of The NASDAQ Stock Market LLC indicating that the
Company is not in compliance with Nasdaq Listing Rule 5550(b)(2),
as the Company's market value of listed securities was below $35
million for the previous 30 consecutive business days.  The Notice
has no immediate effect on the listing of the Company's common
stock, and its common stock will continue to trade on The Nasdaq
Capital Market under the symbol "FNJN."

In accordance with Nasdaq Listing Rule 5810(c)(3)(C), the Company
has a period of 180 calendar days, or until June 14, 2017, to
regain compliance with the minimum MVLS requirement.  To regain
compliance, the Company's MVLS must close at $35 million or more
for a minimum of 10 consecutive business days during the 180
calendar day compliance period.

The Company intends to monitor its MVLS between now and June 14,
2017, and will consider and evaluate all available options to
evidence compliance with the MVLS requirement as may be necessary.
There can be no assurance that the Company will be able to regain
compliance with the MLVS requirement or will otherwise be in
compliance with other Nasdaq listing criteria.  The Company said
that if it does not regain compliance with the MVLS requirement
prior to the expiration of the compliance period, the Company may
appeal any delisting determination to a Nasdaq Hearings Panel.

                        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.


FIRST WIVES: Court Extends Plan Filing Period to March 21
---------------------------------------------------------
Judge Mary Kay Vyskocil of the U.S. Bankruptcy Court for the
Southern District of New York extended First Wives Entertainment
Limited Liability Company's exclusive periods for filing a chapter
11 plan and soliciting acceptances thereto to March 21, 2017 and
May 22, 2017, respectively.

The Debtor previously sought the extension of its exclusive
periods, relating that its case was commenced by an involuntary
petition filed by certain of its creditors.  The Debtor further
related that one of the Petitioning Creditors, who has possession
of substantially all the books, records and documents of the
Debtor, has refused to provide them to the Debtor.

The Debtor asserted that it has not been afforded full access to
its books, records and documents though it has made significant
efforts to secure them.  The Debtor further asserted that it has
been compelled to seek the Court's intervention to obtain its books
records and documents by filing a request to conduct Bankruptcy
Rule 2004 discovery on November 22, 2016.  The Debtor further
asserted that without its books, records and documents the Debtor
is hampered in its efforts to reorganize.

The Debtor contends that it sought the Court's approval to retain a
chief restructuring professional that will assist the Debtor in
negotiating terms of an interim financing that would enable it to
meet its administrative expenses.

The Debtor further contends that it requires the additional time
without the threat of competing plans to prepare and analyze
adequate financial information, and ultimately provide a reasonable
plan that is in the best interests of all creditors.

              About First Wives Entertainment
                 Limited Liability Company

First Wives Entertainment Limited Liability Company is the holder
of the underlying rights to, and the vehicle through which First
Wives Club, the iconic movie, is being developed as a musical for
the Broadway and global stage, as well as for associated marketing
and merchandising.

On May 5, 2016, Aruba Productions LLC, Arnold Venture Fund L.P. And
Edward H. Arnold filed an involuntary petition under Chapter 7 of
the Bankruptcy Code against First Wives Entertainment Limited
Liability Company.  The Chapter 7 case was converted to a voluntary
case under Chapter 11 [Bankr. S.D.N.Y. Case No. 16-11345] on August
23, 2016.

The Debtor hires Allen G. Kadish, Esq. at DiConza Traurig Kadish
LLP as legal counsel.

No official committee of unsecured creditors, trustee or examiner
has been appointed in the case as of October 24, 2016.



FLORIDA FOREST: Seeks 20-Day Exclusivity Extension
--------------------------------------------------
Florida Forest Products of Cross City, Inc. requests the U.S.
Bankruptcy Court for the Northern District of Florida to extend its
exclusivity period for 20 days.

The Debtor avers that a plan is due to be filed on or before
December 26, 2016.  However, due to the Christmas Holidays, the
Debtor's counsel is unable to meet with the Debtor's representative
to review the final plan and obtain the appropriate signature on
the document.  

The Debtor's counsel anticipates that the plan can be finalized and
signed by the Debtor's representative after he returns to Florida
on January 2, 2017.

In addition, the Debtor's counsel has not been able to confer with
Charles Edwards, Assistant U.S. Trustee to ascertain his position
as to this request.       

                     About Florida Forest Products

Florida Forest Products of Cross City, Inc., is a Florida
corporation, whose business is primarily retail and wholesale
lumber and hardware sales from its location in Cross City,
Florida.

Florida Forest Products of Cross City, Inc., filed for Chapter 11
bankruptcy protection (Bankr. N.D. Fla. Case No. 16-10148) on June
28, 2016.  The petition is signed by Russ Allen, president.  The
Debtor is represented by Angela M. Ball, Esq., at Angela M. Ball,
P.A.  The Debtor estimated assets at $0 to $50,000 and debts at
$100,001 to $500,000 at the time of the filing.


FLY LEASING: S&P Lowers CCR to 'BB-' on Updated Criteria
--------------------------------------------------------
S&P Global Ratings lowered its ratings on Fly Leasing Ltd.,
including lowering the corporate credit rating to 'BB-' from 'BB'.
The outlook is stable.  At the same time, S&P lowered its
issue-level ratings on Fly's secured debt to 'BB+' from 'BBB-', and
S&P's issue-level rating on Fly's unsecured debt to 'BB-' from
'BB', and S&P removed the ratings under criteria observation (UCO)
identifier S&P applied Dec. 14, 2016.  The recovery ratings are not
changing.

The rating action follows S&P's publication of updated criteria for
rating operating leasing companies.  The downgrade principally
reflects S&P's less favorable assessment of Fly's financial risk
profile, which S&P now assess as aggressive under the new criteria,
rather than S&P's previous assessment of significant.  S&P
continues to assess the company's business risk profile as fair.

S&P previously rated operating leasing companies using its "2008
Corporate Criteria: Analytical Methodology," which has been
retired.  S&P now applies its "Corporate Methodology," Nov. 19,
2013, as a general framework, and the Key Credit Factors criteria
to incorporate the particular characteristics of operating leasing
companies.

Fly is among the smallest of the rated aircraft lessors, with a
portfolio of 81 aircraft at Sept. 30, 2016.  This compares with
most portfolios that average 200-300 aircraft.  Although the
company has sold more than 50 aircraft over the past two years, the
quality of its portfolio has improved in terms of average fleet age
and longer lease terms. Like other aircraft lessors, Fly generates
its revenues from airline customers globally.

S&P's business risk assessment incorporates the aircraft leasing
sector's medium to long length of typical lease terms, which means
that leases would come up for renewal over a period of years during
a recession (absent customer defaults), thus minimizing exposure to
lower rates on new leases.  The proportion of global aircraft
provided by lessors is currently around 40%, but is expected to
grow as more airlines take advantage of leasing for a variety of
reasons.  Customers served are airlines, which can experience
volatile revenues and profitability and low credit quality, but
whose capacity needs are much more stable.  Lease rates exhibit
moderate volatility in downturns, but utilization remains high,
resulting in cash flow which is relatively stable. Fly possesses a
relatively small market share on its own (but which is more
substantial when combined with its affiliate, BBAM Ltd.), broadly
diversified customer base, and more volatile profitability than
most of its peers, which S&P measures using earnings before
interest and taxes (EBIT) margins.

The outlook is stable.  The company has reduced the size of its
portfolio through the sale of aircraft, which S&P expects to result
in somewhat weaker credit metrics in 2016.  However, S&P expects
them to improve in 2017 as the company rebuilds its portfolio, with
EBIT interest coverage in the 1.4x-1.5x area and FFO to debt around
8%.

Although unlikely, S&P could lower the rating over the next year if
aircraft lease rates deteriorate or the company adds a significant
amount of debt to its balance sheet, causing EBIT interest coverage
to decline to below 1.3x and FFO to debt to decline to below 6% for
a sustained period.

S&P could raise its ratings on Fly over the next year if aircraft
lease rates improve significantly from their current levels due to
stronger demand, causing the company's EBIT interest coverage to
increase to at least 1.7x or FFO to debt to increase to at least 9%
for a sustained period.



FREESEAS INC: Shareholders Elect Dimitris Papadopoulos as Director
------------------------------------------------------------------
FreeSeas Inc. announced that at the annual meeting of the Company's
shareholders held Dec. 22, 2016, the shareholders: (i) elected Mr.
Dimitris Papadopoulos to the Board of Directors for a three year
term; (ii) ratified the appointment of RBSM LLP, as the Company's
independent registered public accounting firm for the fiscal year
ending Dec. 31, 2016; (iii) granted discretionary authority to the
Company's board of directors to (A) amend the Amended and Restated
Articles of Incorporation of the Corporation to effect one or more
consolidations of the issued and outstanding shares of common
stock, pursuant to which the shares of common stock would be
combined and reclassified into one share of common stock at a ratio
within the range from 1-for-2 up to 1-for-10,000 and (B) determine
whether to arrange for the disposition of fractional interests by
shareholder entitled thereto, to pay in cash the fair value of
fractions of a share of common stock as of the time when those
entitled to receive such fractions are determined, or to entitle
shareholder to receive from the Corporation's transfer agent, in
lieu of any fractional share, the number of shares of common stock
rounded up to the next whole number, provided that, (X) that the
Corporation shall not effect Reverse Stock Splits that, in the
aggregate, exceeds 1-for-10,000, and (Y) any Reverse Stock Split is
completed no later than the first anniversary of the date of the
Annual Meeting; and (iv) approved an amendment to the Amended and
Restated Articles of Incorporation of the Company to increase the
Company's authorized shares of common stock from 750,000,000 to
10,000,000,000.

                      About FreeSeas Inc.

Headquartered in Athens, Greece, FreeSeas Inc., formerly known as
Adventure Holdings S.A., was incorporated in the Marshall Islands
on April 23, 2004, for the purpose of being the ultimate holding
company of ship-owning companies.  The management of FreeSeas'
vessels is performed by Free Bulkers S.A., a Marshall Islands
company that is controlled by Ion G. Varouxakis, the Company's
Chairman, President and CEO, and one of the Company's principal
shareholders.

The Company's fleet consists of six Handysize vessels and one
Handymax vessel that carry a variety of drybulk commodities,
including iron ore, grain and coal, which are referred to as
"major bulks," as well as bauxite, phosphate, fertilizers, steel
products, cement, sugar and rice, or "minor bulks."  As of
Oct. 12, 2012, the aggregate dwt of the Company's operational
fleet is approximately 197,200 dwt and the average age of its
fleet is 15 years.

Freeseas reported a net loss of US$52.94 million on US$2.30 million
of operating revenues for the year ended Dec. 31, 2015, compared to
a net loss of US$12.68 million on US$3.77 million of operating
revenues for the year ended Dec. 31, 2014.  As of
Dec. 31, 2015, FreeSeas had US$18.71 million in total assets,
US$35.47 million in total liabilities and a total shareholders'
deficit of US$16.76 million.

RBSM LLP, in New York, issued a "going concern" qualification on
the consolidated financial statements for the year ended Dec. 31,
2015, citing that the Company has incurred recurring operating
losses and has a working capital deficiency.  In addition, the
Company has failed to meet scheduled payment obligations under its
loan facilities and has not complied with certain covenants
included in its loan agreements and is in default in other
agreements with various counter parties.  Furthermore, the vast
majority of the Company's assets are considered to be highly
illiquid and if the Company were forced to liquidate, the amount
realized by the Company could be substantially lower that the
carrying value of these assets.  These conditions among others
raise substantial doubt about the Company's ability to continue as
a going concern.


GENERAL MOTORS: Car Owners Seek to File Late Class Claims
---------------------------------------------------------
Kat Greene, writing for Bankruptcy Law360, reported that owners of
General Motors vehicles have told a New York federal judge that the
Company failed to inform about ignition switch problem and other
defects in time for them to lodge claims in the company's
bankruptcy.  They asked the Court to permit them to file two class
claims in the case.  They said GM Corp. actively concealed problems
with its ignition switches and other defects that impacted the
value of the cars and sometimes put drivers in danger.

                    About Motors Liquidation

General Motors Corporation and three of its affiliates filed for
Chapter 11 protection (Bankr. S.D.N.Y. Lead Case No. 09-50026) on
June 1, 2009.  The Honorable Robert E. Gerber presides over the
Chapter 11 cases.  Harvey R. Miller, Esq., Stephen Karotkin,
Esq., and Joseph H. Smolinsky, Esq., at Weil, Gotshal & Manges
LLP, assist the Debtors in their restructuring efforts.  Al Koch
at AP Services, LLC, an affiliate of AlixPartners, LLP, serves as
the Chief Executive Officer for Motors Liquidation Company.  GM
is also represented by Jenner & Block LLP and Honigman Miller
Schwartz and Cohn LLP as counsel.  Cravath, Swaine, & Moore LLP
is providing legal advice to the GM Board of Directors.  GM's
financial advisors are Morgan Stanley, Evercore Partners and the
Blackstone Group LLP.  Garden City Group is the claims and notice
agent of the Debtors.

The U.S. Trustee appointed an Official Committee of Unsecured
Creditors and a separate Official Committee of Unsecured
Creditors Holding Asbestos-Related Claims.  Lawyers at Kramer
Levin Naftalis & Frankel LLP served as bankruptcy counsel to the
Creditors Committee.  Attorneys at Butzel Long served as counsel
on supplier contract matters.  FTI Consulting Inc. served as
financial advisors to the Creditors Committee.  Elihu Inselbuch,
Esq., at Caplin & Drysdale, Chartered, represented the Asbestos
Committee.  Legal Analysis Systems, Inc., served as asbestos
valuation analyst.

The Bankruptcy Court entered an order confirming the Debtors'
Second Amended Joint Chapter 11 Plan on March 29, 2011.  The Plan
was declared effect on March 31.

On Dec. 15, 2011, Motors Liquidation Company was dissolved.  On
the Dissolution Date, pursuant to the Plan and the Motors
Liquidation Company GUC Trust Agreement, dated March 30, 2011,
between the parties thereto, the trust administrator and trustee
-- GUC Trust Administrator -- of the Motors Liquidation Company
GUC Trust, assumed responsibility for the affairs of and certain
claims against MLC and its debtor subsidiaries that were not
concluded prior to the Dissolution Date.

Motors Liquidation had $669 million in total assets, $56.4 million
in total liabilities and $613 million in net assets in liquidation
as of Dec. 31, 2015.


GERALEX INC: Court Extends Plan Filing Deadline to Jan. 25
----------------------------------------------------------
The Hon. Pamela S. Hollis of the U.S. Bankruptcy Court for the
Northern District of Illinois has extended to Jan. 25, 2017, the
deadline for Geralex, Inc., to file a disclosure statement and plan
of reorganization.

Status hearing on the matter is set for Jan. 19, 2017, at 10:30
a.m.

The Court has granted the Debtor's request to conditionally approve
the Debtor's disclosure statement.  As reported by the Troubled
Company Reporter on Dec. 23, 2016, the Debtor filed a plan and
disclosure statement on Dec. 5, proposing that holders of Class 3 -
General Unsecured Claims -- approximately $257,374.28 and impaired
under the plan -- be paid in full over time.  The Debtor
anticipates paying all claims within 52 months, but the amount of
time it takes for the Debtor to pay Class 3 Claims in full will
ultimately depend upon its financial performance and operating
income.

                        About Geralex Inc.

Geralex, Inc., is an Illinois corporation with its principal place
of business in Chicago, Illinois.  The company provides janitorial
services to commercial and government facilities, such as airports
and schools. It has been in business since 2003.  It is owned by
Alejandra Alvarado (60%) and Gerardo Alvarado (40%).

The Debtor sought Chapter 11 protection (Bankr. N.D. Ill. Case No.
16-06479) on Feb. 26, 2016.


GLENN'S INC: Disclosures Okayed, Plan Hearing on Jan. 24
--------------------------------------------------------
The U.S. Bankruptcy Court for the Middle District of Pennsylvania
is set to hold a hearing on Jan. 24 to consider approval of the
Chapter 11 plan of reorganization filed by Glenn's, Inc. on Dec.
12.

The court will also consider at the hearing the final approval of
the company's disclosure statement, which it conditionally approved
on Dec. 15.

The order set a Jan. 16 deadline for creditors to cast their votes
and file their objections.

Glenn's, Inc., filed for Chapter 11 bankruptcy protection (Bankr.
M.D. Penn. Case No. 16-00302) on Jan. 27, 2016, estimating its
assets and liabilities at up to $50,000 each.  Henry W Van Eck,
Esq., at Mette, Evans, & Woodside serves as the Debtor's
bankruptcy
counsel.


GLOBAL EAGLE: S&P Affirms 'BB-' Rating on Proposed Sr. Facilities
-----------------------------------------------------------------
S&P Global Ratings affirmed its 'BB-' issue-level rating, with a
recovery rating of '2', on media content and satellite-based
connectivity services provider Global Eagle Entertainment Inc.'s
proposed senior secured first-lien credit facilities after the
company said that it plans to increase the size of its first-lien
term loan by $40 million to $500 million.  The revised capital
structure will include an $85 million revolving credit facility and
the $500 million term loan.  The company will use the proceeds to
refinance its existing debt following the acquisition of Emerging
Markets Communications, LLC (EMC).  The '2' recovery rating
indicates S&P's expectation for substantial (70%-90%; lower half of
the range) recovery for lenders in the event of a payment default.

At the same time, S&P is withdrawing the 'B-' issue-level rating
and '6' recovery rating on the company's proposed second-lien term
loan since the company will no longer include this debt in its
proposed financing.

The 'B-' issue-level rating and '6' recovery rating on the
company's existing $83 million senior unsecured convertible notes
remains unchanged.  The '6' recovery rating indicates S&P's
expectation for negligible (0%-10%) recovery for lenders in the
event of a payment default.

The 'B+' corporate credit rating and stable outlook on Global Eagle
also remain unchanged.  The stable outlook reflects S&P's
expectation that Global Eagle's high leverage, expected to be in
the mid-6x area in 2016, will decline significantly to the mid-4x
area in 2017, benefiting from organic EBITDA growth and potential
acquisitions.

                        RECOVERY ANALYSIS

Key analytical factors

   -- S&P's simulated default scenario contemplates heightened
      competitive pressures from satellite operators and satellite

      service providers, which lead to increased churn and pricing

      pressure that erodes profitability and eventually leads to a

      default in 2020.

   -- S&P has used an enterprise valuation approach to assess
      recovery prospects and have applied a 5.5x multiple
      (recognizing the value of the company's ground
      infrastructure, but offset by its leased satellite capacity)

      to S&P's assumed emergence-level EBITDA of $81 million to
      arrive at an estimated gross emergence enterprise value of
      $448 million.  S&P's revised valuation reflects the
      publishing of its revised recovery ratings criteria on
      Dec. 7, 2016.

Simplified waterfall

   -- EBITDA at emergence: $81 mil.
   -- EBITDA multiple: 5.5x
   -- Gross recovery value: $448 mil.
   -- Net recovery value for waterfall after administrative
      expenses (5%): $425 mil.
   -- Obligor/non-obligor valuation split: 100%/0%
   -- Estimated secured first-lien claims: $581 mil.
   -- Value available for secured claims: $425 mil.
      -- Recovery range: 70%-90% (lower half of the range)
   -- Estimated unsecured claims: $84 mil.
   -- Value available for unsecured claims: $0 mil.
      -- Recovery range: 0%-10%

Ratings List

Global Eagle Entertainment Inc.
Corporate Credit Rating                 B+/Stable

Ratings Affirmed

Global Eagle Entertainment Inc.
Senior Secured                          BB-
  Recovery Rating                       2L                 
Senior Unsecured                        B-
  Recovery Rating                       6                  

Global Eagle Entertainment Inc.

Ratings Withdrawn
                                       To                 From

Senior Secured                        NR                  B-
  Recovery rating                      NR                  6


GOLDCORP INC: Egan-Jones Lowers Sr. Unsecured Ratings to BB+
------------------------------------------------------------
Egan-Jones Ratings Company, on Dec. 2, 2016, downgraded the senior
unsecured ratings on debt issued by Goldcorp Inc to BB+ from BBB-.

Goldcorp is a gold producer headquartered in Vancouver, British
Columbia, Canada. The company is engaged in gold mining and related
activities including exploration, extraction, processing and
reclamation.



GOLDEN INSURANCE: A.M. Best Cuts Fin. Strength Rating to B-(Fair)
-----------------------------------------------------------------
A.M. Best has downgraded the Financial Strength Rating to B- (Fair)
from B (Fair) and the Long-Term Issuer Credit Rating to "bb-" from
"bb" of Golden Insurance Company, A Risk Retention Group (Golden)
(Incline Village, NV). Concurrently, A.M. Best has placed the
Credit Ratings (ratings) under review with negative implications.

The rating downgrades are due to the receipt of third-quarter
financial statements, which account for revised premium earning
patterns prescribed by the Nevada Division of Insurance. As a
result of this change, statutory surplus has decreased materially,
and there has been a material reduction in the company's overall
risk-adjusted capitalization, as measured by Best's Capital
Adequacy Ratio (BCAR). Additionally, Golden has experienced a rise
in underwriting and loss adjustment expenses that somewhat have
deteriorated underwriting results.

The new premium earning pattern creates inconsistencies with the
company's prior BCAR model, specifically regarding the unearned
premium reserve equity. The ratings will remain under review until
the company's 2016 year-end actuarial report, which reflects the
new earning pattern and year-end 2016 results, can be fully
analyzed.


GREATER HOPE BAPTIST: Hires Dockery as Tax Consultant
-----------------------------------------------------
Greater Hope Baptist Church, Inc., seeks authority from the U.S.
Bankruptcy Court for the Western District of Tennessee to employ
Dockery Financial Services as tax consultant to the Debtor.

Greater Hope Baptist requires Dockery to provide tax consultant
services to the Debtor.

Dockery will be paid $150 each time it prepares documents to the
Debtor.

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

To the best of the Debtor's knowledge 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.

Dockery can be reached at:

     DOCKERY FINANCIAL SERVICES
     55 Hannibal Cove
     Memphis, TN 38103
     Tel: (901) 591-6252

                       About Greater Hope Baptist

Greater Hope Baptist Church, Inc. sought protection under Chapter
11 of the Bankruptcy Code (Bankr. W. D. Tenn. Case No. 16-30641) on
November 17, 2016.  The petition was signed by Dannie D. Holmes,
authorized representative.

The case is assigned to Judge David S. Kennedy.

At the time of the filing, the Debtor disclosed $1.06 in assets and
$1.18 million in liabilities.



GREATER HOPE BAPTIST: Hires Harell as Attorney
----------------------------------------------
Greater Hope Baptist Church, Inc., seeks authority from the U.S.
Bankruptcy Court for the Western District of Tennessee to employ
Michael Don Harell as attorney to the Debtor.

Greater Hope Baptist requires Harell to:

   a. consult with the Debtor as Debtor-In-Possession concerning
      all bankruptcy related matters, preparation; and

   b. file all schedules and statements of affairs and other
      documents, assistance in the formulation of the Debtor-In-
      Possession plan and all other legal services necessary to
      complete the Chapter 11 proceedings.

Harell will be paid at the hourly rate of $200.

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

Michael Don Harell 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.

Harell can be reached at:

     Michael Don Harrell, Esq.
     1884 Southern Avenue
     Memphis, TN 38114
     Tel: (901) 274-5462
     Fax: (901) 278-7600

                       About Greater Hope Baptist

Greater Hope Baptist Church, Inc. sought protection under Chapter
11 of the Bankruptcy Code (Bankr. W. D. Tenn. Case No. 16-30641) on
November 17, 2016.  The petition was signed by Dannie D. Holmes,
authorized representative.

The case is assigned to Judge David S. Kennedy.

At the time of the filing, the Debtor disclosed $1.06 in assets and
$1.18 million in liabilities.


GREEN BOX: Jan. 30 Plan Confirmation Hearing
--------------------------------------------
Judge Beth E. Hanan of the U.S. Bankruptcy Court for the Eastern
District of Wisconsin approved the third amended disclosure
statement filed by Green Box NA Green Bay, LLC on Dec. 21, 2016.

The hearing on confirmation of the Plan will be held on Jan. 30,
2017, beginning at 10:00 AM at the U.S. Courthouse, 517 E.
Wisconsin Avenue, Courtroom 149, Milwaukee, Wisconsin 53202.

The last day for creditors or other parties-in-interest to file
written acceptances or rejections of the Plan is Jan. 17, 2017. The
exclusive period for soliciting acceptances of the Plan is extended
through this date as well.

The deadline for creditors and parties-in-interest to file and
serve written objections to confirmation of the Plan is Jan. 24,
2017.

The deadline for filing a response to any objections to
confirmation of the Plan is Jan. 27, 2017.

         About Green Box NA Green Bay, LLC.

Green Box NA Green Bay, LLC filed a chapter 11 petition (Bankr.
E.D. Wis. Case No. 16-24179) on April 27, 2016.  The petition
was
signed by Ronald Van Den Heuvel, manager.  The Debtor is
represented by Paul G. Swanson, Esq., at Steinhilber, Swanson,
Mares, Marone & McDermott.  The case is assigned to Judge Beth
E.
Hanan.  The Debtor estimated assets of $0 to %50,000 and debts
at
$10 million to $50 million at the time of the filing.


GRIZZLY LAND: Ch. 11 Trustee Allowed to Use Rabo AgriFinance Cash
-----------------------------------------------------------------
Judge Joseph G. Rosania, Jr. of the U.S. Bankruptcy Court for the
District of Colorado authorized the Chapter 11 Trustee in the case
of Grizzly Land LLC to use the cash collateral on a final basis.

Judge Rosania acknowledged that the Chapter 11 Trustee's use of
Cash Collateral is necessary to continue the Debtor's ordinary
course business operations, to maintain and preserve the value of
its bankruptcy estate, and to prepare the Debtor's Ranch Property
for sale.

The Trustee's authorization to use Cash Collateral will terminate
upon the occurrence of:

     (a) the Trustee's failure to comply with the terms of the
Final Order in any material respect; and

     (b) October 15, 2017.

The Trustee was permitted to use Cash Collateral, for expenses
identified in the approved Budget which includes:

     (a) working capital requirements;

     (b) general corporate purposes; and

     (c) the costs and expenses of administering the chapter 11
case.  

The approved Budget covers the period from November 2016 through
September 2017 with total forecasted cash disbursements of
approximately $1,002,983.

The Debtor and Rabo AgriFinance LLC had entered into a Loan in the
original principal amount of $12,000,000.  As of the Petition Date,
the balance due and owing by the Debtor under the RAF Loan was
$10,330,581, which amount included past principal payment balance
due and owing in the amount of $26,000, and an accumulated interest
due and owing in the amount of $26,563.  The RAF Loan is secured by
both the Real Property Collateral and Personal Property Collateral
owned by the Debtor.

Judge Rosania also acknowledged that the Trustee has voluntarily
remitted approximately $468,000 in cash back to Rabo AgriFinance
since the date of the Trustee's appointment.

The Trustee was directed to pay regular interest at the contract
rate set forth in the RAF Loan Documents, costs, and the monthly
principal payment of $21,000 for the month of December 2016, and
for each month thereafter and through September 2017.

Rabo AgriFinance was granted valid, binding, perfected, continuing,
enforceable and non-avoidable replacement security interests in,
and liens upon all of the Debtor's assets and property, including,
without limitation, the Rabo AgriFinance Collateral, which will be
junior to Rabo AgriFinance's pre-existing lien or security interest
held on the Petition Date.

Rabo AgriFinance was also granted an allowed senior administrative
expense claim with priority as provided in section 507(b) of the
Bankruptcy Code, to the extent of any identifiable diminution in
value of Rabo AgriFinance's interests in the Collateral resulting
from the use of Cash Collateral, but subject to prior payment of
the Carve Out, which consists of the U.S. Trustee fees and unpaid
professional fees approved by the Court.

The Trustee was directed to comply with these milestones:

      (a) The Trustee will file his proposed chapter 11 plan and
disclosure statement, proposing to liquidate all property owned by
the Debtor, on or before January 31, 2017;

      (b) The Trustee will obtain confirmation of his proposed
chapter 11 plan and approval of the accompanying disclosure
statement on or before May 1, 2017;

      (c) The Trustee will enter into a binding agreement to sell
the Debtor's Ranch Property in an amount necessary to satisfy Rabo
AgriFinance's secured claim, pursuant to the terms of a confirmed
chapter 11 plan, on or before August 15, 2017

      (d) The Trustee will close on the sale of the Debtor's Ranch
Property on or before October 15, 2017, pursuant to the terms of a
confirmed chapter 11 plan; and

      (e) If the Trustee is unable to sell the Debtor’s Ranch
Property by October 15, 2017 then, pursuant to the terms of a
confirmed chapter 11 plan, the Trustee will have to sell the
Debtor's Ranch Property under Section 363 of the Bankruptcy Code
and hold a sale of the Ranch Property no later than December 15,
2017, with the minimum bid not being less than an amount necessary
to satisfy Rabo AgriFinance's secured claim along with all costs
and expenses of a sale.

A full-text copy of the Order, dated December 20, 2016, is
available at http://tinyurl.com/h7k7sxo

                          About Grizzly Land

Grizzly Land LLC sought Chapter 11 protection (Bankr. D. Col. Case
No. 16-11757) in Denver on March 1, 2016.  Judge Thomas B. McNamara
was initially assigned to the case and has been reassigned to Judge
Joseph G. Rosania Jr.  The petition was signed by Kirk A. Shiner,
DVM, manager.  The Debtor estimated $10 million to $50 million in
assets and debt.

The Debtor is represented by Lee M. Kutner, Esq., at Kutner Brinen
Garber, P.C.  The Debtor hires Ryley Carlock & Applewhite PC as
special counsel.

The Office of the U.S. Trustee disclosed in a court filing that no
official committee of unsecured creditors has been appointed in the
Chapter 11 case of Grizzly Land LLC.

The Court entered its Order Granting Motion for Appointment of
Chapter 11 Trustee on May 25, 2016, and on June 2, 2016, the Court
approved the appointment of Mr. Edward Cordes as Trustee for the
Debtor's estate.

The Chapter 11 trustee hired Moye White LLP as his legal counsel;
Burns, Figa & Willas his special counsel; Cordes & Company as
accountant; and Dennis & Company, P.C. as tax accountant.


GROVE PLAZA: Proposes $4.23MM Sale of Properties to Prathna LLC
---------------------------------------------------------------
Grove Plaza Partners, LLC, filed with the Bankruptcy Court a motion
seeking approval of the sale of certain real properties to Prathna
LLC for $4,225,000, subject to the submission of higher and better
bids.

The Debtor anticipates that, at the hearing set for Jan. 11, 2017,
or shortly thereafter, the Court will have confirmed the Combined
Plan of Reorganization and Disclosure Statement (Dated October 21,
2016).  The Plan provides the Debtor with authority to sell certain
real property free and clear of liens.  The properties are
identified as follows:

  Group Name    Parcel Description    APN         Minimum Value
  ----------    ------------------    ---         -------------
Anchor Tenants  99¢ Only & Ross     1051-321-62    $4,970,464

Shop Space      Shops at Grove I    1051-321-51
                                    1051-321-55    $2,652,963
                Shops at Grove II   1051-321-63    $1,385,157
                Shops at Grove III  1051-171-42    $2,959,769

Front Pad       Pad to Grove Plaza  1051-171-44    $1,962,025

The property to be sold consists of Molina Healthcare (APN
1051-321-52) and the Shops at Grove I (APN 1051-321-51 and APN
1051-321-55) located at 1151 E. Walnut Avenue and 2528-2538 S.
Grove Avenue in Ontario, California.  The Plan provides that the
Debtor will sell such parcels for at least $4,222,584. The Debtor
proposes to sell the Property for the gross price of $4,225,000,
subject to higher and better bids.

The San Bernardino Tax Collector, Cantor Group II, LLC, Amor
Architectural Corporation, JG Construction and Universal Site
Services -- Secured Creditors -- all assert liens against the
Property and other real property collateral in the aggregate amount
of approximately $14,656,145.  The $2,847,301 of Cantor Group's
claim is disputed.

This Motion requests authority to sell the Property free and clear
of all liens, claims and encumbrances of the Secured Creditors
pursuant to the Plan.

                 Prathna Asset Purchase Agreement

Prathna LLC has agreed to purchase the Property for the gross price
of $4,225,000.

The salient terms of the Purchase Agreement with Prathna are:

   a. Prathna, or its related assignee, will purchase the Property
for the gross price of $4,225,000.

   b. The sale will close on or before Feb. 20, 2017, unless
extended pursuant to the terms of the agreement or order of the
Court.

   c. The agreement provides for a due diligence period ending on
Dec. 15, 2017.  The agreement provides for a financing contingency
to be waived on or before Feb. 14, 2017.  Approximately 65% of the
gross price is to be financed.

   d. Prathna has deposited $50,000 to escrow.  As of the time of
hearing, Prathna will have deposited an additional $50,000, for a
total of $100,000.  The deposits are refundable only if: (1) the
agreement is terminated prior to removal of waiver of the
contingencies provided in the PSA; or (2) Prathna is overbid and is
not the successful bidder.

   e. Unpaid real property taxes will be pro-rated.  Escrow fees
will be split evenly between the buyer and seller.  All other
closing costs will be allocated in accordance with the custom and
practice prevailing in Riverside County.

Marcus & Millichap Real Estate Investment Services represents the
Debtor exclusively.  Marcus & Millichap earns a commission of 4
percent of the gross price of each sale.  This Motion requests
approval of Marcus & Millichap's commission but does not request
authority to pay it, reserving payment in accordance with the Plan.
If the Property is sold to Prathna for $4,225,000, Marcus &
Millichap's commission will be $168,903.

                        Overbid Procedures

The sale to Prathna is subject to higher and better bids.

The Debtor requests approval of these bidding and sale procedures:

   * The auction will be held on Jan. 20, 2017, at 10:00 a.m., in
the courtroom of the Honorable Dennis Montali, located at 450
Golden Gate Avenue, 16th Floor, Courtroom 17, in San Francisco,
California, or at another time or location if ordered by the Court
and announced at the aforesaid time and place.

   * All potential bidders must contact counsel for the Debtor at
least three business days prior to the hearing.  At the time and
place of auction, all bidders will present the Debtor with evidence
of funds or financing acceptable to the Debtor in an amount
necessary to meet the initial bid plus the minimum initial overbid
amount ($4,275,000).

   * The minimum initial overbid will be $50,000, and the minimum
amount of all subsequent bids will be $50,000.  Bids will be
accepted from bidders or their authorized representatives who are
present at the auction in person; bids by telephone, facsimile,
email, letter or similar means will not be accepted unless the
Debtor expressly agrees otherwise.

   * All bids will be on terms equivalent to or better than the
terms provided in the PSA, including terms with respect to due
diligence, inspections, contingencies and the time for closing.
Deadlines set and running under the PSA will continue to run and
will not be extended.  The highest and best bid will be reduced to
a written agreement on or before three calendar days following the
hearing on approval of the sale.

   * Secured Creditors will be afforded any rights to credit bid to
which they are otherwise entitled under the Bankruptcy Code and
applicable law.  Cantor Group's credit bid may include the disputed
amount of its claim; provided, however, that payment thereof will
not terminate any litigation or proceedings involving the claim.
The Debtor reserves all rights with respect thereto.

   * The sale will be free and clear of all liens, claims and
encumbrances of the Secured Creditors.  All such liens will attach
to the proceeds of sale with the same validity, extent, priority
and amount as immediately prior to the sale, including any proceeds
held in the disputed claims reserve.  Sale proceeds subject to such
liens will be promptly distributed to the Secured Creditors in
their order of priority upon close of escrow, except for proceeds
held in the disputed claims reserve.

   * The sale will be on an "as is," "where is," and "with all
faults" basis.  

   * If Prathna is overbid and is not the successful bidder, all
deposits will be refunded.  The successful bidder will deposit
$100,000 to escrow within three calendar days of the hearing.  Said
deposit will be refundable only upon terms equivalent to or better
than those provided in the PSA; otherwise it will be
non-refundable.  Deposits will be applied toward the gross purchase
price.

A full-text copy of the Motion is available at:

  http://bankrupt.com/misc/canb16-30531_156_Sale_M_Grove_Plaza.pdf

                   About Grove Plaza Partners

Headquartered in Redwood Shores, Cal., Grove Plaza Partners, LLC,
filed for Chapter 11 bankruptcy protection (Bankr. N.D. Cal. Case
No. 16-30531) on May 13, 2016, estimating its assets and
liabilities between $10 million and $50 million.  The petition was
signed by George A. Arce, Jr., manager.  The case is assigned to
Judge Dennis Montali.

Reno F.R. Fernandez, Esq., and Matthew J. Olson, Esq., at MacDonald
Fernandez LLP, serve as the Debtor's bankruptcy counsel.



GROW CONDOS: Scrudato Barred from Acting as Auditor by PCAOB
------------------------------------------------------------
Grow Condos, Inc. disclosed in an amended Form 8-K report filed
with the Securities and Exchange Commission that the Company was
advised by the staff of the SEC that on Dec. 20, 2016, the Public
Company Accounting Oversight Board issued Release No. 105-2016-054
wherein it barred John Scrudato, CPA, Certified Public Accountants
from acting as independent auditor for public companies.

Grow Condos dismissed Scrudato from its position as the Company's
independent registered public accounting firm on Oct. 17, 2016.
The Company's Board of Directors approved the dismissal.

The Company engaged Scrudato to serve as its independent registered
public accounting firm in or about September 2015.  The audit
report of Scrudato on the Company's financial statements for the
year ended June 30, 2016, did not contain an adverse opinion or
disclaimer of opinion, however it did contain a qualification
describing a going concern uncertainty.  Scrudato did not, during
the applicable periods, advise the Company of any of the enumerated
items described in Item 304(a)(1)(iv) of Regulation
S-K.

"During the two most recent fiscal years and the period to the date
of this Current Report, there were no (i) disagreements between the
Company and Scrudato on any matter of accounting principles or
practices, financial statement disclosure, or auditing scope or
procedure, which disagreements, if not resolved to its
satisfaction, would have caused Scrudato to make reference to the
subject matter of such disagreements in connection with its report,
or (ii) "reportable events," as described in Item 304(a)(1)(v) of
Regulation S-K," the Company said.

The Company has engaged Anthony Imbimbo, CPA and Associates as its
new independent accountants on Oct. 17, 2016.  Prior to Oct. 17,
2016, the Company had not consulted with Imbimbo regarding (i) the
application of accounting principles to a specified transaction,
either completed or proposed, or the type of audit opinion that
might be rendered on the Company's consolidated financial
statements, and no written report or oral advice was provided to
the Company by Imbimbo concluding there was an important factor to
be considered by the Company in reaching a decision as to an
accounting, auditing or financial reporting issue; or (ii) any
matter that was either the subject of a disagreement, as that term
is defined in Item 304(a)(1)(iv) of Regulation S-K and the related
instructions to Item 304 of Regulation S-K, or a reportable event,
as that term is defined in Item 304(a)(1)(v) of Regulation S-K.

                        About Grow Condos

Grow Condos, Inc., operates as a real estate purchaser, developer,
and manager of specific use industrial properties in the United
States.  The company provides condo type turn-key grow facilities
to support cannabis growers.  It is also involved in the
development, lease, ownership, and provision of investment sales
opportunities for commercial industrial properties focused in the
cannabis production arena.  The company is based in Eagle Point,
Oregon.

Grow Condos reported a net loss of $1.49 million on $118,533 of
total revenues for the year ended June 30, 2016, compared to a net
loss of $251,338 on $54,998 of total revenues for the year ended
June 30, 2015.

As of Sept. 30, 2016, Grow Condos had $1.65 million in total
assets, $2.48 million in total liabilities and a total
shareholders' deficit of $829,090.

John Scrudato CPA, in Califon, Newt Jersey, issued a "going
concern" qualification on the consolidated financial statements for
the year ended Dec. 31, 2015, citing that the Company operates with
an industry that is illegal under federal law, has yet to achieve
profitable operations, has a significant accumulated deficit and is
dependent on its ability to raise capital from stockholders or
other sources to sustain operations and to ultimately achieve
viable profitable operations.  These factors raise substantial
doubt about the Company's ability to continue as a going concern.


HAWAII PACIFIC: S&P Lowers Rating on 2013A Revenue Bonds to 'BB'
----------------------------------------------------------------
S&P Global Ratings lowered its long-term rating to 'BB' from 'BB+'
on Hawaii State Department of Budget and Finance's series 2013A
special purpose revenue bonds, issued for Hawaii Pacific University
(HPU).  The outlook is stable.

"The rating action reflects our view of the university's weakened
overall credit profile, which has been pressured by consistent
declines in enrollment," said S&P Global Ratings credit analyst
Debra Boyd.

The stable outlook reflects S&P's opinion that HPU will stabilize
enrollment within the outlook period as it continues to implement
its strategic plan.



HEADWATERS INC: Egan-Jones Lowers Sr. Unsec. Ratings to B+
----------------------------------------------------------
Egan-Jones Ratings Company, on Dec. 12, 2016, downgraded the senior
unsecured ratings on debt issued by Headwaters Inc. to B+ from
BB-.

Headwaters Inc provides products, technologies, and services to
construction materials, coal combustion products, and alternative
energy industries in the United States.



HOLIDAY SUPERMARKETS: Hires Adam Simmens as Accountant
------------------------------------------------------
Holiday Supermarkets, Inc., seeks authority from the U.S.
Bankruptcy Court for the Eastern District of Pennsylvania to employ
Adam Simmens, C.P.A. as accountant to the Debtor.

Holiday Supermarkets requires Simmens to provide accounting
services to the Debtor in relation to the Chapter 11 Bankruptcy
proceedings.

Simmens will be paid at the hourly rate of $250.  Simmens will be
paid a retainer in the amount of $3000.  Simmens will also be
reimbursed for reasonable out-of-pocket expenses incurred.

Adam Simmens, member of Adam Simmens, C.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.

Simmens can be reached at:

     Adam Simmens
     ADAM SIMMENS, C.P.A.
     1135 E Erie Avenue
     Philadelphia, PA 19124
     Tel: (215) 288-8051

                       About Holiday Supermarkets

Holiday Supermarkets, Inc. is a corporation which is engaged in the
business of operating two supermarkets in the City of
Philadelphia.

Holiday Supermarkets, Inc. filed a Chapter 11 petition (Bankr. E.D.
Pa. Case No. 16-17541), on October 26, 2016, disclosing under $1
million in both assets and liabilities. The Debtor is represented
by David A. Scholl, Esq. at Law Office of David A. Scholl.


IHEARTMEDIA INC: S&P Raises CCR to 'CC' on Proposed Debt Exchange
-----------------------------------------------------------------
S&P Global Ratings raised its corporate credit rating on
Texas-based media company iHeartMedia Inc., and subsidiary
iHeartCommunications Inc., to 'CC' from 'SD'.

S&P maintained its 'D' issue-level rating on the 5.5% senior
unsecured notes, given the missed maturity payment.  The recovery
rating on this debt remains '6', reflecting S&P's estimate of
negligible (0% to 10%) recovery to creditors in the event of a
payment default.  All other issue level and recovery ratings remain
unchanged.

The rating action follows iHeartCommunications' announcement that
it has offered to exchange its 10% senior notes due 2018 for
priority guarantee notes due 2021.  The company's debt is trading
at significant discounts to par of 25% to 50%, and S&P believes its
capital structure is unsustainable.  If the 10% noteholders accept
the offer by Jan. 4, 2017, they would receive an equal amount of
par value of the priority guarantee notes.

The rating outlook is negative.  S&P intends to lower the corporate
credit rating to 'SD' and the senior note rating to 'D' on
completion of the exchange offer.  Subsequently, S&P would assign a
corporate credit rating and outlook that reflect the new capital
structure.



INTERLEUKIN GENETICS: Pyxis Designee Quits as Director
------------------------------------------------------
Roger C. Colman, a director of Interleukin Genetics, Inc., informed
the Company that he was resigning as a director effective as of the
close of business on Dec. 30, 2016.  Pursuant to the terms of the
Securities Purchase Agreement, dated July 29, 2016,  
Mr. Colman served as a director designated by Pyxis Innovations,
Inc.  Mr. Colman informed the Company that he was retiring from
Pyxis.  

Under the terms of the Agreement, Pyxis has the right to appoint a
successor to replace Mr. Colman as its designee to the Board.
Pyxis has, however, irrevocably waived its right under the
Agreement to designate this representative to be nominated for
election to the Board and to replace any such designated Board
member in the event such Board member ceases to serve as a director
for any reason.  Pyxis retains the right under the Agreement to
appoint one other board member (currently Joseph Landstra).

                       About Interleukin

Waltham, Mass.-based Interleukin Genetics, Inc., is a personalized
health company that develops unique genetic tests to provide
information to better manage health and specific health risks.

Interleukin reported a net loss of $7.89 million on $1.44 million
of total revenue for the year ended Dec. 31, 2015, compared to a
net loss of $6.33 million on $1.81 million of total revenue for the
year ended Dec. 31, 2014.

As of Sept. 30, 2016, Interleukin had $5.80 million in total
assets, $7.14 million in total liabilities and a total
stockholders' deficit of $1.33 million.

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


INTERNATIONAL TECHNICAL: Unsecureds May Recoup 61% Under Plan
-------------------------------------------------------------
International Technical Coatings, Inc., filed with the U.S.
Bankruptcy Court for the District of Arizona a second amended
disclosure statement in support of its second amended disclosure
statement dated Nov. 8, 2016 (as revised Dec. 14, 2016).

The Plan provides for holders of allowed unsecured claims to elect
two alternative treatments.  Holders of Allowed Unsecured Claims
may choose to elect:

   (a) payment of 61% of its allowed claim on the Effective Date in
full satisfaction of its claim; or

   (b) payment of the full amount of its Allowed Claim over the
course of three years, the payments to be made in 12 equal
quarterly installments commencing 90 days after the Effective Date,
and continuing at three month intervals following the initial
quarterly installment.

Unsecured claimants that elect full payment over time will receive
interest at the unsecured claims rate.  In the event that only a
small number of Allowed Unsecured Claims elect payment of 61% on
the Effective Date, the Debtor may extend the time for full payment
up to an additional 8 quarters.  In that event, the Debtor will
also reduce its anticipated capital expenditures during (potential)
years 4 and 5 of the Plan to $250,000 per year.

Under the Plan, the Debtor will receive $3 million contribution
from Johnnie Caldwell and will refinance the obligations owing to
TGF (allowing the Debtor to pay the TGF loans in full on the
Effective Date).

The Second Amended Disclosure Statement is available at:

           http://bankrupt.com/misc/azb15-14709-735.pdf

As reported by the Troubled Company Reporter on Oct. 17, 2016, the
Debtor submitted with the Court an amended disclosure statement in
support of its amended plan of reorganization.  That Amended
Disclosure Statement provided additional info on the Debtor's
liabilities to date.  The Debtor said in that Amended Disclosure
Statement that it hoped to finalize a financing commitment no
later than Oct. 31, 2016.

                 About Int'l Technical Coatings

International Technical Coatings, Inc., is a Phoenix, Arizona-based
steel wire manufacturer.  It has facilities located in Phoenix,
Arizona and Columbus, Ohio.

ITC filed a Chapter 11 bankruptcy petition (Bank. D. Ariz. Case No.
15-14709) on Nov. 18, 2015.  John Caldwel, the chairman, signed the
petition.  Judge Madeleine C. Wanslee is assigned the case.

Bank of America Bank, N.A., which is owed more than $25.7 million
in outstanding matured, defaulted loan obligations, applied for the
appointment of a receiver over ITC on Oct. 28, 2015.  The Maricopa
County Superior Court held an initial hearing on the matter on Nov.
4, 2015, and a final hearing was scheduled for Nov. 18.  Unable to
secure an agreement with the Bank prior to the scheduled hearing,
ITC filed for Chapter 11 protection.

In its petition, the Debtor estimated assets of $50 million to
$100 million and liabilities of more than $10 million.

The Debtor tapped Osborn Maledon, P.A., as bankruptcy counsel.Â
Morris Anderson & Associates, Ltd., serves as the Debtor's
financial advisor.

The Office of the U.S. Trustee appointed seven creditors to the
official committee of unsecured creditors.  Stinson Leonard Street,
LLP represents the committee.  The Law Offices of Michael W.
Carmel, Ltd., serves as its conflicts counsel.  The Committee
retained KRyS Global, USA, as its financial advisor.

Secured creditor Bank of America is represented by Robert J.
Miller, Esq., Kyle S. Hirsch, Esq., and Amanda L. Cartwright,
Esq., at Bryan Cave LLP.


J COPELLO INTERNATIONAL: Case Summary & 20 Top Unsecured Creditors
------------------------------------------------------------------
Debtor: J Copello International Corporation
           dba Copello Electric
        P.O. Box 1246
        Millbrae, CA 94030

Case No.: 16-31345

Chapter 11 Petition Date: December 16, 2016

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

Judge: Hon. Dennis Montali

Debtor's Counsel: Stephen D. Finestone, Esq.
                  FINESTONE HAYES LLP
                  456 Montgomery St. 20th Fl.
                  San Francisco, CA 94104
                  Tel: (415) 421-2624
                  E-mail: sfinestone@fhlawllp.com

Total Assets: $744,622

Total Liabilities: $2.90 million

The petition was signed by Jack Copello, president.

A copy of the Debtor's list of 20 largest unsecured creditors is
available for free at http://bankrupt.com/misc/canb16-31345.pdf


J.B.B. ENTERPRISES: Court Conditionally Approves Plan Outline
-------------------------------------------------------------
The U.S. Bankruptcy Court for the Middle District of Georgia has
granted the application filed by J.B.B. Enterprises, Inc. to
conditionally approve the disclosure statement, which explains its
proposed Chapter 11 plan of reorganization.

Under U.S. bankruptcy law, a company must get approval of its
disclosure statement detailing its bankruptcy plan to begin
soliciting votes from creditors.  The document must contain
adequate information to enable creditors to make an informed
decision about the bankruptcy plan.

                    About J.B.B. Enterprises

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


JEFFREY L. MILLER: Intends to Use Private Financing Cash Collateral
-------------------------------------------------------------------
Jeffrey L. Miller Investments, Inc. seeks authorization from the
U.S. Bankruptcy Court for the Middle District of Florida to use
cash, accounts receivable and other income derived from the
Debtor's operations to fund its operating expenses and costs of
administration for the duration of its chapter 11 case.  

The Debtor proposes to use Cash Collateral in accordance with its
proposed Budget for the payment of necessary owners/operators,
employees, supplies, and ordinary business expenses related to its
operations.  The proposed Budget covers the period from December
2016 through May 2017, and projects total monthly expenses of
$38,518.

The Debtor's primary business is the ownership and leasing of Real
Property located at 2400, 2250, 2304, 2410 East Busch Boulevard,
Tampa, FL.

The Debtor believes that Private Financing Alternatives, LLC, its
pre-petition secured creditor, holds a first position mortgage in
the estimated amount of $3,738,153.

The Debtor offers to provide each Creditor with post-petition liens
on the Collateral to the same extent, validity and priority as
existed pre-petition.

The Debtor proposes to make monthly adequate protection payments to
Private Financing in the amount of $31,607.51, which includes a tax
escrow component.

A full-text copy of the Debtor's Motion, dated December 20, 2016,
is available at http://tinyurl.com/jre8kkr

                  About Jeffrey L. Miller Investments

Jeffrey L. Miller Investments, Inc., based in Tampa, FL, filed a
Chapter 11 petition (Bankr. M.D. Fla. Case No. 16-10036) on Nov.
23, 2016.  The petition was signed by Jeffrey L. Miller, president.
The Debtor is represented by Buddy D. Ford, Esq., at Buddy D. Ford,
P.A.  The Debtor disclosed $6.54 million in assets and $4.18
million in liabilities at the time of the filing.


KALOBIOS PHARMACEUTICALS: Has $3.3M Credit Pact with Black Horse
----------------------------------------------------------------
KaloBios Pharmaceuticals, Inc., entered into a credit and security
agreement with Black Horse Capital Master Fund Ltd., as
administrative agent and lender, Black Horse Capital LP, as a
lender, Cheval Holdings, Ltd., as a lender and Nomis Bay LTD, as a
lender on Dec. 21, 2016.  The Credit Agreement provides for a
credit facility in the original principal amount of $3,315,217. The
Credit Agreement provides that the Term Loan will be made by the
Lenders at an original discount equal to $265,217 and requires the
payment by the Company to the Lenders of a commitment fee equal to
$152,500.  In accordance with the terms of the Credit Agreement,
the Company will use the proceeds of the Term Loan for general
working capital, the payment of certain fees and expenses owed to
the Agent and the Lenders in connection with the Credit Agreement
and other costs incurred in the ordinary course of business.

Pursuant to the terms of the Credit Agreement, the Term Loan will
bear interest at a rate per annum equal to 9.00%.  The Term Loan is
subject to certain customary representations, warranties and
covenants.

The outstanding principal balance of the Term Loan, plus accrued
and unpaid interest, plus the Commitment Fee and all other
non-contingent obligations, will mature on the earlier of
acceleration after an event of default under the Credit Agreement,
or Oct. 31, 2017.  However, to the extent the Company raises
capital through any SEC-registered stock offering, 50% of such
offering's proceeds (net of costs) must be used to pay down the
Term Loan.

Upon the occurrence of any event of default set forth in the Credit
Agreement, the Agent has the option of terminating the Credit
Agreement and declaring all of the Company's obligations
immediately payable.  The occurrence of an event of default will
cause the Term Loan to bear interest at a rate per annum equal to
14.00%.

The Company's obligations under the Credit Agreement will be
secured by first priority security interests in all of the
Company's real and personal property, subject only to certain carve
outs and permitted liens, as set forth in the Credit Agreement.
The Company has and will, at the request of the Agent, enter into
additional documents further documenting the Term Loan and securing
the Company's obligations under the Credit Agreement in favor of
the Agent and for the benefit of the Lenders.

         Intellectual Property Security Agreement

In connection with the Credit Agreement, the Company executed in
favor of the Agent an Intellectual Property Security Agreement,
dated as of Dec. 21, 2016.  Under the terms of the IP Security
Agreement, the Company has pledged to the Agent for the ratable
benefit of the Lenders, as collateral for its obligations under the
Credit Agreement, all of its intellectual property.

                       Promissory Notes

In connection with the Company's execution of the Credit Agreement,
the Company has issued in favor of each Lender a promissory note in
an amount equal to each Lender's Term Loan commitment under the
Credit Agreement.

                About KaloBios Pharmaceuticals

Based in South San Francisco, Calif., KaloBios Pharmaceuticals,
Inc., is a biopharmaceutical company focused on the development of
monoclonal antibody therapeutics.

KaloBios Pharmaceuticals (Nasdaq: KBIO) on Dec. 29, 2015, filed a
voluntary petition for bankruptcy protection under Chapter 11 of
Title 11 of the United States Bankruptcy Code (Bankr. D. Del. Case
No. 15-12628).

The Company was represented by Eric D. Schwartz of Morris,
Nichols, Arsht & Tunnell.

Six months after its bankruptcy filing, KaloBios emerged from
Chapter 11 bankruptcy and has also acquired the rights from Savant
Neglected Diseases LLC to develop benznidazole for the treatment
of Chagas disease.


KALOBIOS PHARMACEUTICALS: Inks 2nd Amendment to Black Horse APA
---------------------------------------------------------------
KaloBios Pharmaceuticals, Inc., entered into a Securities Purchase
Agreement with Black Horse Capital LP, Black Horse Capital Master
Fund Ltd., Cheval Holdings, Ltd., and Nomis Bay LTD on April 1,
2016.  Pursuant to the SPA, the Company issued an aggregate of
7,624,643 shares of its common stock to the Initial Purchasers. The
Company understands that pursuant to subsequent assignments,
certain of these shares and rights of the Initial Purchasers under
the SPA related thereto were assigned to Acqua Wellington
Opportunity, LP and H&M Ventures II LLC.  Under the original terms
of the SPA, the Company was required to:
  
  * use commercially reasonable efforts to cause a registration
    statement registering the resale by the Purchasers of the
    shares issuable under the SPA to be declared effective by the
    SEC no later than Dec. 27, 2016;
  
  * keep the registration statement effective until all of the
    shares issued pursuant to the SPA are eligible for resale by
    the Purchasers without volume restrictions under an exemption
    from registration under the Securities Act; and

  * issue additional shares of common stock to the Purchasers in
    an amount equivalent to 10.0% of the shares originally
    purchased under the SPA that are then held by the Purchasers,
    if the registration statement had not been declared effective
    by Dec. 27, 2016, and any of the shares issued pursuant to the
    SPA are not eligible to be sold under Rule 144, during each
    subsequent thirty day period (or portion thereof) until the
    registration statement is declared effective.

On Oct. 28, 2016, the Company and the Purchasers entered into an
amendment to the SPA, which required the Company to file a resale
registration statement by Jan. 10, 2017 and cause it to become
effective no later than March 31, 2017.  The requirement to issue
additional shares to the Purchasers if effectiveness of the resale
registration statement is delayed beyond March 31, 2017 would not
be implicated until April 1, 2017.

On Dec. 19, 2016, the Company and the Purchasers entered into a
second amendment to the SPA, which now requires the Company to file
a resale registration statement by March 17, 2017, and cause it to
become effective no later than June 19, 2017. The requirement to
issue additional shares to the Purchasers if effectiveness of the
resale registration statement is delayed beyond June 19, 2017,
would not be implicated until June 20, 2017.

                 About KaloBios Pharmaceuticals

Based in South San Francisco, Calif., KaloBios Pharmaceuticals,
Inc. (Nasdaq: KBIO), is a biopharmaceutical company focused on the
development of
monoclonal antibody therapeutics.

KaloBios Pharmaceuticals on Dec. 29, 2015, filed a voluntary
petition for bankruptcy protection under Chapter 11 of Title 11 of
the United States Bankruptcy Code (Bankr. D. Del. Case No.
15-12628).

The Company was represented by Eric D. Schwartz of Morris, Nichols,
Arsht & Tunnell.

Six months after its bankruptcy filing, KaloBios emerged from
Chapter 11 bankruptcy and has also acquired the rights from Savant
Neglected Diseases LLC to develop benznidazole for the treatment
of Chagas disease.


KANE CLINICS: Hires Jones & Walden as Counsel
---------------------------------------------
The Kane Clinics LLC, seeks authority from the U.S. Bankruptcy
Court for the Northern District of Georgia to employ Jones &
Walden, LLC as counsel to the Debtor.

Kane Clinics requires Jones & Walden to:

   (a) prepare pleadings and applications;

   (b) conduct of examination;

   (c) advise the Debtor of its rights, duties and obligations as
       a debtor-in-possession;

   (d) consult with the Debtor and represent the Debtor with
       respect to a Chapter 11 plan;

   (e) perform those legal services incidental and necessary to
       the day-to-day operations of the Debtor's business,
       including, but not limited to, institution and prosecution
       of necessary legal proceedings, and general business legal
       advice and assistance;

   (f) take any and all other action incident to the proper
       preservation and administration of the Debtor's estate and
       business.

Jones & Walden will be paid at these hourly rates:

     Attorney                    $200-$350
     Legal Assistants            $90

Jones & Walden will be paid a retainer in the amount of
$37,147.50.

Jones & Walden will also be reimbursed for reasonable out-of-pocket
expenses incurred.

Leslie M. Pineyro, member of Jones & Walden, 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.

Jones & Walden can be reached at:

     Leslie M. Pineyro, Esq.
     JONES & WALDEN, LLC
     21 Eighth Street, NE
     Atlanta, GA 30309
     Tel: (404) 564-9300
     Fax: (404) 564-9301

                       About The Kane Clinics

The Kane Clinics, LLC filed a chapter 11 petition (Bankr. N.D. Ga.
Case No. 16-72304) on Dec. 14, 2016. The Debtor is represented by
Leslie M. Pineryo, Esq., at Jones & Walden, LLC.

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 Maria Francis, CEO & member.

The Debtor is a Georgia limited liability company. It operates
obstetrics and gynecological clinics with an emphasis on serving
uninsured and undeserved patients.


KING & QUEEN: Unsecureds To Get $100 Per Month For 50 Mos.
----------------------------------------------------------
King & Queen, LLC, filed with the U.S. Bankruptcy Court for the
District of Maryland a disclosure statement dated Dec. 14, 2016,
referring to the Debtor's plan of reorganization.

Class IV – Other Unsecured Claims are impaired under the Plan.
The Debtor will pay the holder of Class IV claims the sum of
$13,500 at the rate of $100 per month for the next 50 months.  The
payments will start on the 15th day of the first month after the
Effective Date.

Plan payments will be derived from the Debtor-in-possession's wages
initially and then from operational revenues derived from the
rental income, less expenses, from the properties known as 1155
Washington Boulevard, Baltimore, Maryland; 1124 Washington
Boulevard, Baltimore, Maryland; and 2666 Dulany Street, Baltimore,
Maryland.  Eventually during the process of administering the Plan
one of the properties will be sold to meet the obligations of the
Plan.

The Disclosure Statement is available at:

           http://bankrupt.com/misc/mdb16-17120-30.pdf

The Plan was filed by the Debtor's bankruptcy counsel:

     W. Timothy Sutton, Esq.
     COOPER & TUERK, LLP
     201 North Charles Street, Suite 2300
     Baltimore, Maryland 21201
     Tel: (410) 539-0300
     E-mail: Timsutton@candtlawyers.com

King & Queen, LLC, filed for Chapter 11 bankruptcy protection
(Bankr. D. Md. Case No. 16-17120) on May 24, 2016, estimating its
assets at up to $50,000 and its liabilities at between $100,001 and
$500,000.  Walter Timothy Sutton, Esq., at Cooper & Tuerk LLP
serves as the Debtor's bankruptcy counsel.


LEGENDS COLLISION: Hires The Alt Key as Accountant
--------------------------------------------------
Legends Collision, LLC, seeks authority from the U.S. Bankruptcy
Court for the District of Arizona to employ The Alt Key, PLLC as
accountant to the Debtor.

Legends Collision requires The Alt Key to assist the Debtor in the
preparation of necessary tax returns, financial statements, monthly
operating reports and any other accounting matters that may require
assistance during the course of the Chapter 11 proceeding.

The Alt Key will be paid at these hourly rates:

     Partners                $275
     Managers                $200
     Support Staff           $60-$140

The Alt Key will also be reimbursed for reasonable out-of-pocket
expenses incurred.

Steven J. Parker, member of The Alt Key, PLLC, assured the Court
that the firm is a "disinterested person" as the term is defined in
Section 101(14) of the Bankruptcy Code and does not represent any
interest adverse to the Debtor and its estates.

The Alt Key can be reached at:

     Steven J. Parker
     THE ALT KEY, PLLC
     2151 East Broadway Road, Suite 115
     Tempe, AZ 85282
     Tel: (480) 558-4400

                       About Legends Collision

Legends Collision, LLC sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. D. Ariz. Case No. 16-12658) on November 3,
2016. The petition was signed by Jonathan J. Conner, managing
member.

The case is assigned to Judge Brenda K. Martin.

At the time of the filing, the Debtor disclosed $625,087 in assets
and $1.74 million in liabilities.


LIFE CHANGE: Disclosures Okayed, Plan Hearing on Feb. 21
--------------------------------------------------------
The U.S. Bankruptcy Court for the Western District of Tennessee
will hold a pretrial conference on confirmation of Life Change "N"
Ministries' Chapter 11 plan of reorganization.

The conference will be held on Feb. 21, at 11:00 a.m., at Courtroom
630, 200 Jefferson Avenue, Memphis, Tennessee.

The court had earlier approved the disclosure statement, allowing
Life Change to start soliciting votes from creditors.  

The Dec. 14 order set a Feb. 13 deadline for creditors to cast
their votes and file their objections to the restructuring plan.

Under the proposed plan, Class 4 unsecured priority claim of The
Shelby County Trustee will be paid in full at 5.25% interest and a
monthly payment of $172.34.  The Shelby County Trustee is owed
$10,339.79 in delinquent property taxes.

Meanwhile, Class 5 priority claims of The City of Memphis will be
paid in full at 12% interest and a monthly payment of $46.  The
City of Memphis is owed the sum of $1552.34 for delinquent property
taxes.  

Funds needed to make cash payments for allowed administrative
claims on the effective date of the plan will come from Life
Change's gross income and assets.

                About Life Change "N" Ministries

Life Change "N" Ministries operates as an urban ministry at 2453
Park Avenue, Memphis, Tennessee.  Its business consists of
providing religious, spiritual and counseling services to residents
of the Orange Mound community of Shelby County, Tennessee.

Life Change "N" Ministries sought protection under Chapter 11 of
the Bankruptcy Code (Bankr. W. D. Tenn. Case No. 16-28056) on Sept.
2, 2016, and is represented by John E. Dunlap, Esq., at The Law
Offices of John E. Dunlap, P.C.

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

The Office of the U.S. Trustee on Oct. 5 disclosed in a court
filing that no official committee of unsecured creditors has been
appointed in the Chapter 11 case of Life Change "N" Ministries.


LINN ENERGY: Asks Court for May 16 Plan Exclusivity Extension
-------------------------------------------------------------
Linn Energy, LLC and its affiliates seek an extension from the U.S.
Bankruptcy Court for the Southern District of Texas of the
exclusive periods during which the Debtors have the exclusive right
to file a chapter 11 plan and solicit acceptances of such plan,
through and including May 16, 2017 and July 15, 2017, respectively.


The Debtors relate that all throughout their chapter 11 cases, they
have dedicated considerable time in developing a strategy that will
maximize value for all stakeholders and bring their cases to a
successful conclusion.  The Debtors further relate that these
efforts have borne fruit and, after filing an initial plan of
reorganization, the Debtors have now filed proposed amended plans
of reorganization for the LINN Debtors and the Berry Debtors that
are supported by all of the Debtors' major creditor constituencies.


Having received approval of the adequacy of information contained
in the disclosure statement supporting the Amended LINN Plan on
December 13, 2016, solicitation on the Amended LINN Plan is now
underway.  Similarly, the Amended Berry Plan was approved on
December 21, 2016, and solicitation on the Amended Berry Plan will
start soon.  A hearing on the confirmation of the Amended LINN Plan
and the Amended Berry Plan is set for January 24, 2017.

However, the period during which the Debtors have the exclusive
right to file a chapter 11 plan would expire on January 16, 2017,
and the deadline under which the Debtors have the exclusive right
to solicit a plan filed during the exclusive filing period would
expire on March 17, 2017.

Out of an abundance of caution, the Debtors are requesting an
additional 120-day extension of the Exclusive Periods to ensure
that they will have sufficient time to consummate the Amended LINN
Plan and the Amended Berry Plan, and achieve the successful
conclusion of these cases.

The Debtors contend that an extension will avoid wasteful
distraction that might needlessly prolong the administration of the
Debtors' estates and allow the Debtors and their stakeholders to
capitalize on the positive momentum achieved through the filing of
the Amended LINN Plan, the Amended Berry Plan, the Amended LINN
Disclosure Statement, and the Amended Berry Disclosure Statement,
as well as the execution of the LINN RSA, the LINN Backstop
Agreement, the Berry RSA, and the Berry Backstop Agreement -- all
of which enjoy broad creditor support.

                         About Linn Energy

Headquartered in Houston, Texas, Linn Energy, LLC, and its
affiliates are independent oil and natural gas companies. Each of
Linn Energy, LLC, and 14 of its subsidiaries filed a voluntary
petition under Chapter 11 of the Bankruptcy Code (Bankr. S.D. Tex.
Lead Case No. 16-60040) on May 11, 2016. The petitions were signed
by Arden L. Walker, Jr., chief operating officer of LINN Energy.

The Debtors have hired Paul M. Basta, Esq., Stephen E. Hessler,
Esq., Brian S. Lennon, Esq., James H.M. Sprayregen, Esq., and
Joseph M. Graham, Esq., at Kirkland & Ellis LLP and Kirkland &
Ellis International LLP as general bankruptcy counsel, Jackson
Walker L.L.P. as co-counsel, Lazard Freres & Co. LLC as financial
advisor, AlixPartners as restructuring advisor and Prime Clerk LLC
as claims, notice and balloting agent.

Judge David R. Jones presides over the cases.

The Office of the U.S. Trustee has appointed five creditors of Linn
Energy LLC to serve on the official committee of unsecured
creditors.  The Committee tapped Mark I. Bane, Esq., and Keith H.
Wofford, Esq., at Ropes & Gray LLP; and Moelis & Company LLC as
investment banker.  It also retained as Texas Oil & Gas Counsel,
John P. Melko, Esq., David S. Elder, Esq., and Michael K. Riordan,
Esq., at Gardere Wynne Sewell LLP.


LITTLE REST: 11th Cir. Affirms Sanctions Against Zeltser
--------------------------------------------------------
The United States Court of Appeals for the Eleventh Circuit
affirmed the district court's judgment, which affirmed the
bankruptcy court's orders sanctioning Emanuel Zeltser for filing a
bankruptcy petition in bad faith and awarding Little Rest Twelve,
Inc., the amount of legal fees incurred as a result of that
petition.

Zeltser had filed for Chapter 7 bankruptcy on behalf of Little Rest
in the U.S. Bankruptcy Court for the Southern District of New York
during the pendency of certain actions pending before both a New
York state court and the U.S. Bankruptcy Court for the Southern
District of Florida involving disputes over Little Rest's
ownership.

Patricia A. Redmond immediately moved for and was granted a
transfer of the Chapter 7 action to the Florida bankruptcy court.
Two weeks later, the trustee moved to dismiss the Chapter 7 action
because of a pending Chapter 11 action against the same debtor.
The Florida bankruptcy court dismissed the Chapter 7 action but sua
sponte reserved its jurisdiction to award sanctions against Zeltser
for filing the Chapter 7 action.

After Redmond moved for sanctions,  the bankruptcy court found that
Zeltser acted improperly and in bad faith in filing the voluntary
chapter 7 bankruptcy case for Little Rest.  The bankruptcy court
determined that Zeltser knew of the ownership and control dispute.
Further, the bankruptcy court found the Chapter 7 filing was for
the improper purpose of delaying imminent adverse rulings on
ownership and control of Little Rest.  The bankruptcy court also
emphasized that Zeltser forum shopped, orchestrating the filing of
the Chapter 11 action in Florida, the filing of the Chapter 7
action in New York, and attempting to unsuccessfully remove a case.
Finally, the bankruptcy court found that Zeltser was simply not
believable and gave no weight to his ex post facto arguments to
avoid sanctions.

After an evidentiary hearing, the bankruptcy court awarded Little
Rest $100,586 in attorney's fees and expenses incurred "as a result
of the frivolous filing."  To arrive at the $100,586 amount, the
bankruptcy court applied a 20 percent reduction volunteered by
Little Rest to account for any duplication even though the
bankruptcy court "specifically [found] Mr. Zeltser responsible for"
those funds as well.

Zeltser argued that the bankruptcy court was required to support
its finding of bad faith by clear and convincing evidence.  Zeltser
also attacked the monetary award as "grossly excessive" and
attempted to dispute line items on the billing records produced by
Little Rest's counsel as duplicative, unreasonable, and excessive.


The Eleventh Circuit, however, found that the bankruptcy court did
not abuse its discretion in finding bad faith.  The Eleventh
Circuit also discerned no clear error in the bankruptcy court's
factual findings.

The appeals case is EMANUEL ZELTSER, Plaintiff-Appellant, v. LITTLE
REST TWELVE, INC., Defendant-Appellee, No. 16-11354 (11th Cir.).

A full-text copy of the Eleventh Circuit's December 8, 2016 ruling
is available at https://is.gd/NisJgu from Leagle.com.

Plaintiff-Appellant is represented by:

          Robert F. Reynolds, Esq.
          1437 Bannock, St. Room 353
          Denver, CO 80202
          Fax: (720)865-8796

Defendant-Appellee is represented by:

          Patricia Ann Redmond, Esq.
          Museum Tower
          150 West Flagler Street, Suite 2200
          Miami, FL 33130
          Tel: (305)789-3200
          Fax: (305)789-3395
          Email: predmond@stearnsweaver.com

          John F. O'Sullivan, Esq.
          Dwayne Antonio Robinson, Esq.
          Jason Sternberg, Esq.
          600 Brickell Avenue, Suite 2700
          Miami, FL 33131
          Tel: (305)459-6500
          Fax: (305)459-6550
          Email: john.osullivan@hoganlovells.com
                 dwayne.robinson@hoganlovells.com
                 jason.sternberg@hoganlovells.com          
          
                    About Little Rest Twelve

Solby+Westbrae Partners; 19 SHC, Corp.; Ajna Brands, Inc.;
601/1700 NBC, LLC; Axafina, Inc.; and Oxana Adler, LLM, filed an
involuntary Chapter 11 petition against Miami Beach, Florida-based
Little Rest Twelve, Inc. (Bankr. S.D. Fla. Case No. 11-17061) on
March 17, 2011.

On the same date, involuntary Chapter 11 petitions were also filed
against the Company's affiliates, Mutual Benefits Offshore Fund,
LTD (Bankr. S.D. Fla. Case No. 11-17051) and Fisher Island
Investments, Inc. (Bankr. S.D. Fla. Case No. 11-17047).


LODGE HOLDINGS: Wants to Use CBC Partners I Cash Collateral
-----------------------------------------------------------
Lodge Holdings Company and its affiliated debtors ask the U.S.
Bankruptcy Court for the Western District of Washington for
authorization to use cash collateral.

The Debtors tell the Court that they have an interim emergency
agreement to use the cash collateral of their primary secured
creditor, CBC Partners I, LLC, via an email exchange of counsel,
and that the parties want to formalize that agreement into a
Stipulated Order for Interim Use of Cash Collateral, which more
clearly details the claim, their security interest, the payment
agreements, and replacement collateral.

The Debtors further tell the Court that they request the entry of
an ex parte emergency Order authorizing the immediate continued
interim use of cash collateral and adequate protection payments,
and set an first hearing on the matter on Jan. 6, 2017 at 9:30
a.m., and then set a final hearing on use of cash collateral and
adequate protection on the Court's regular motion calendar for Feb.
3, 2017 at 9:30 a.m.

A full-text copy of the Debtors' Motion, dated Dec. 21, 2016, is
available at
http://bankrupt.com/misc/LodgeHoldings2016_1615814twd_47.pdf

                  About Lodge Holdings Company

Lodge Holdings Company, Mukilteo Lodge, LLC, Kirkland Lodge, LLC,
Stadium Lodge, LLC, Downtown Lodge, LLC, Mill Creek Lodge, LLC, and
Greenwood Lodge, LLC filed Chapter 11 petitions (Bankr. W.D. Wash.
Case No. 16-15814-TWD, 16-15849-TWD, 16-15850-TWD, 16-15851-TWD,
16-15852-TWD, 16-15853-TWD, and 16-15854-TWD) on Nov. 18, 2016.
The petitions were signed by Shawn Roten, president.  The Debtors
are represented by Larry B. Feinstein, Esq., at Vortman &
Feinstein.  The Debtor disclosed $1.06 million in total assets and
$5.73 million in total liabilities.


MASON TEMPLE: Hires Goodman as Bankruptcy Counsel
-------------------------------------------------
Mason Temple Church of God in Christ, Inc., seeks authority from
the U.S. Bankruptcy Court for the Eastern District of Wisconsin to
employ the Law Offices of Jonathan V. Goodman as counsel to the
Debtor.

Mason Temple requires Goodman to:

   a. give the Debtor legal advice with respect to its powers and
      duties as Debtor-In-Possession;

   b. prepare on behalf of the Debtor, necessary applications,
      answers, reports, and other legal papers;

   c. prepare a disclosure statement, plan of reorganization, and
      obtain approval of the disclosure statement and the plan or
      plans of reorganization; and

   d. perform other legal services for the Debtor, which may be
      necessary herein.

Goodman will be paid at these hourly rates:

     Principal                   $480
     Associate                   $250
     Law Clerk                   $100

Goodman will be paid a retainer in the amount of $15,000.

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

Jonathan V. Goodman, member of the Law Offices of Jonathan V.
Goodman, 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.

Goodman can be reached at:

     Jonathan V. Goodman, Esq.
     LAW OFFICES OF JONATHAN V. GOODMAN
     788 N. Jefferson Street, Suite 707
     Milwaukee, WI 53202
     Tel: (414) 276-6760
     Fax: (414) 287-1199

             About Mason Temple Church of God in Christ

Mason Temple Church of God in Christ, Inc. filed a Chapter 11
bankruptcy petition (Bankr. E.D. WI. Case No. 16-30931) on November
7, 2016. Hon. Michael G. Halfenger presides over the case. The Law
Offices of Jonathan V. Goodman represents the Debtor as counsel.

In its petition, the Debtor estimated $1 million to $10 million in
both assets and liabilities. The petition was signed by Osie Tatum,
Jr., pastor and trustee.


MELODY GOOD GIRL: Wants to Use Cash Collateral Through June 2017
----------------------------------------------------------------
Melody, Good Girl Incorporated seeks authority from the U.S.
Bankruptcy Court Middle District of Florida to use cash collateral
so that it can operate its business during the Chapter 11 and
successfully reorganize its business.

The Debtor proposes a six-month operational budget, covering the
period from January 2017 through June 2017, which provides for
total expenses in an approximate amount of $268,577.

The Debtor proposes to use Cash Collateral to fund its operating
expenses necessary to continue the operation of its business and to
maintain the estate, to maximize the return on its assets, and to
otherwise avoid irreparable harm and injury to its business and the
estate.  

The Debtor believes that Atlantic Coast Bank, Absolute Disaster
Services, LLC, Servpro Industries, Inc., and On Deck Capital Inc.
claim perfected and enforceable security interest and liens on,
among other assets, the Debtor's account and trade receivables
which constitute the Secured Creditors' cash collateral.

The Debtor intends to provide Secured Creditors with replacement
liens to the same extent and validity as held by the Secured
Creditors Pre-Petition.  The Debtor contends that the interest of
the Secured Creditors will also be adequately protected by the
Debtor's continued operation.

A full-text copy of the Debtor's Motion, dated December 20, 2016,
is available at http://tinyurl.com/j6upjco

A full-text copy of the Debtor's proposed Budget, dated December
20, 2016, is available at http://tinyurl.com/jqwaav7


                  About Melody, Good Girl Incorporated

Melody, Good Girl Incorporated dba Servpro of Winter Haven filed a
Chapter 11 petition (Bankr. M.D. Fla. Case No. 16-10587), on
December 13, 2016.  The Petition was signed by Christopher E.
Brill, president.  At the time of filing, the Debtor estimated
assets at $100,000 to $500,000 and liabilities at $1 million to $10
million.  The Debtor is represented by James W Elliott, Esq. at
McIntyre Thanasides Bringgold Elliott, et al.

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

No trustee or examiner has been appointed in this case and no
official committees have been appointed.


MESOBLAST LIMITED: Inks Equity Purchase Pact With Mallinckrodt
--------------------------------------------------------------
Mesoblast Limited announced that it has entered into an equity
purchase agreement with Mallinckrodt Pharmaceuticals and will
exclusively negotiate a commercial and development partnership for
two of Mesoblast's Tier 1 product candidates, MPC-06-ID in the
treatment or prevention of moderate/severe chronic low back pain
(CLBP) due to disc degeneration and MSC-100-IV in the treatment of
acute graft versus host disease (GVHD).

Under the terms of the agreement, Mallinckrodt will have an
exclusive period of up to nine months to conclude commercial and
development agreements for the two product candidates in all
territories outside of Japan and China.  As consideration,
Mallinckrodt will purchase approximately 20.04 million (4.99%) of
Mesoblast's ordinary shares at a price of A$1.4761 per share.

Mallinckrodt is a global specialty pharmaceutical company with a
major focus within the hospital acute and critical care settings,
including pain management, autoimmune and rare diseases, and
specialty generic pharmaceuticals.  The company's key branded
products in these areas, generating multi-billion dollar revenues,
include H.P. Acthar Gel (repository corticotrophin injection) and
Therakos Immunotherapy platform, OFIRMEV (acetaminophen injection),
and INOMAX (nitric oxide) gas, for inhalation. Recently,
Mallinckrodt has entered the regenerative medicine field with the
acquisition of an investigational human keratinocyte-based
regenerative medicine platform to bolster its pipeline of hospital
products with an off-the-shelf skin substitute beginning Phase 3
testing for partial thickness burns.

Mesoblast Chief Executive Silviu Itescu said: "We are pleased that
Mallinckrodt has chosen to make an investment in Mesoblast.
Mallinckrodt has a track record of success in commercializing
medicines for immune-mediated diseases and pain management, and we
believe that its major footprint in hospitals addressing acute care
needs can be leveraged to realize the full commercial and clinical
value of our innovative cellular medicines."

Steven Romano, M.D., executive vice president and chief scientific
officer of Mallinckrodt, commented: "This agreement provides
Mallinckrodt with a potential opportunity to extend our
regenerative medicine pipeline in areas of high unmet patient need.
We see Mesoblast as a leader in developing innovative cell-based
medicines and look forward to establishing a fruitful
partnership."

Mesoblast's product candidate MPC-06-ID is currently being
evaluated in a 360-patient Phase 3 trial as a treatment for
moderate/severe CLBP due to disc degeneration in patients who have
failed other non-surgical options, including steroid injections and
opioids.  Data from 24-month follow up of 100 patients
participating in a randomized, placebo-controlled Phase 2 trial of
MPC-06-ID were presented in August 2016 at the 24th Annual
Scientific Meeting of the Spine Intervention Society.

Mesoblast's product candidate MSC-100-IV is currently being
evaluated in a 60-patient open label Phase 3 trial as a front-line
therapy for children with steroid-refractory acute GVHD.  The trial
was recently successful in a pre-specified interim futility
analysis, and Mesoblast expects to fully read out trial results
during 2017. Based on guidance from the United States Food and Drug
Administration (FDA), Mesoblast believes that positive data from
this Phase 3 trial may be sufficient for filing for accelerated
approval of MSC-100-IV in the United States.  Mesoblast plans to
broaden the use of its therapy in adult patients with high-risk
steroid-refractory acute GVHD.

                     About Mallinckrodt

Mallinckrodt is a global business that develops, manufactures,
markets and distributes specialty pharmaceutical products and
therapies, as well as nuclear imaging products. Areas of focus
include autoimmune and rare diseases in specialty areas like
neurology, rheumatology, nephrology, pulmonology and ophthalmology;
immunotherapy and neonatal respiratory critical care therapies;
analgesics and hemostasis products; and central nervous system
drugs. The company's core strengths include the acquisition and
management of highly regulated raw materials and specialized
chemistry, formulation and manufacturing capabilities. The
company's Specialty Brands segment includes branded medicines and
its Specialty Generics segment includes specialty generic drugs,
active pharmaceutical ingredients and external manufacturing.  To
learn more about Mallinckrodt, visit www.mallinckrodt.com

                     About Mesoblast Ltd.

Melbourne, Australia-based Mesoblast Limited (ASX:MSB; Nasdaq:MESO)
develops cell-based medicines.  The Company has leveraged its
proprietary technology platform, which is based on specialized
cells known as mesenchymal lineage adult stem cells, to establish a
broad portfolio of late-stage product candidates.  Mesoblast's
allogeneic, 'off-the-shelf' cell product candidates target advanced
stages of diseases with high, unmet medical needs including
cardiovascular diseases, immune-mediated and inflammatory
disorders, orthopedic disorders, and oncologic/hematologic
conditions.

Mesoblast reported a loss before income tax of $90.82 million for
the year ended June 30, 2016, compared to a loss before income
tax of $96.24 million for the year ended June 30, 2015.

As of Sept. 30, 2016, Mesoblast had $665.4 million in total
assets, $155.6 million in total liabilities and $509.9 million in
total equity.

PricewaterhouseCoopers, in Melbourne, Australia, issued a "going
concern" qualification on the consolidated financial statements
for the year ended June 30, 2016, citing that the Company has
suffered recurring losses from operations that raise substantial
doubt about its ability to continue as a going concern.


MF GLOBAL: Insurers Can't Enforce Injunction, NY Court Says
-----------------------------------------------------------
Stewart Bishop, writing for Bankruptcy Law360, reported that a New
York bankruptcy judge blocked a group of insurers from enforcing
anti-suit injunctions obtained in a Bermuda court against MF Global
Holding Ltd, which sued the insurance companies for $65 million
over their purported failure to fund a massive settlement in
connection with the derivative broker's collapse.  MFGH, the plan
administrator, sued Allied World Assurance Company Ltd., Iron-Starr
Excess Agency Ltd., Ironshore Insurance Ltd., Starr Insurance &
Reinsurance Ltd. and Federal Insurance Co.

                          About MF Global

New York-based MF Global -- http://www.mfglobal.com/-- was one of

the world's leading brokers of commodities and listed derivatives.
MF Global provides access to more than 70 exchanges around the
world.  The firm also was one of 22 primary dealers authorized to
trade U.S. government securities with the Federal Reserve Bank of
New York.  MF Global's roots go back nearly 230 years to a sugar
brokerage on the banks of the Thames River in London.

On Oct. 31, 2011, MF Global Holdings Ltd. and MF Global Finance
USA Inc. filed voluntary Chapter 11 petitions (Bankr. S.D.N.Y.
Case Nos. 11-15059 and 11-5058), after a planned sale to
Interactive Brokers Group collapsed.  As of Sept. 30, 2011, MF
Global had $41,046,594,000 in total assets and $39,683,915,000 in
total liabilities.

On Nov. 7, 2011, the United States Trustee appointed the statutory
creditors' committee in the Debtors' cases.  At the behest of the
Statutory Creditor's Committee, the Court directed the U.S.
Trustee to appoint a chapter 11 trustee.  On Nov. 28, 2011, the
Bankruptcy Court entered an order approving the appointment of
Louis J. Freeh, Esq., of Freeh Group International Solutions, LLC,
as Chapter 11 trustee.

On Dec. 19, 2011, MF Global Capital LLC, MF Global Market Services
LLC and MF Global FX Clear LLC filed voluntary Chapter 11
petitions (Bankr. S.D.N.Y. Case Nos. 11-15808, 11-15809 and
11-15810).  On Dec. 27, the Court entered an order installing Mr.
Freeh as Chapter 11 Trustee of the New Debtors.

On March 2, 2012, MF Global Holdings USA Inc. filed a voluntary
Chapter 11 petition (Bankr. S.D.N.Y. Case No. 12-10863), and Mr.
Freeh also was installed as its Chapter 11 Trustee.

Judge Honorable Martin Glenn presides over the Chapter 11 case.
J. Gregory Milmoe, Esq., Kenneth S. Ziman, Esq., and J. Eric
Ivester, Esq., at Skadden, Arps, Slate, Meagher & Flom LLP, serve
as bankruptcy counsel.  The Garden City Group, Inc., serves as
claims and noticing agent.  The petition was signed by Bradley I.
Abelow, Executive Vice President and Chief Executive Officer of MF
Global Finance USA Inc.

The Chapter 11 Trustee has tapped (i) Freeh Sporkin & Sullivan
LLP, as investigative counsel; (ii) FTI Consulting Inc., as
restructuring advisors; (iii) Morrison & Foerster LLP, as
bankruptcy counsel; and (iv) Pepper Hamilton as special counsel.

The Official Committee of Unsecured Creditors has retained
Capstone Advisory Group LLC as financial advisor, while lawyers at
Proskauer Rose LLP serve as counsel.

The Securities Investor Protection Corporation commenced
liquidation proceedings against MF Global Inc. to protect
customers.  James W. Giddens was appointed as trustee pursuant to
the Securities Investor Protection Act.  He is a partner at Hughes
Hubbard & Reed LLP in New York.

Jon Corzine, the former New Jersey governor and co-CEO of
Goldman Sachs Group Inc., stepped down as chairman and chief
executive officer of MF Global just days after the bankruptcy
filing.

In April 2013, the Bankruptcy Court approved MF Global Holdings'
plan to liquidate its assets.  Bloomberg News reported that the
court-approved disclosure statement initially told
creditors with $1.134 billion in unsecured claims against the
parent holding company why they could expect a recovery of 13.4%
to 39.1% from the plan.  As a consequence of a settlement with
JPMorgan, supplemental materials informed unsecured creditors
their recovery was reduced to the range of 11.4% to 34.4%.  Bank
lenders will have the same recovery on their $1.174 billion claim
against the holding company.  As a consequence of the settlement,
the predicted recovery became 18% to 41.5% for holders of $1.19
billion in unsecured claims against the finance subsidiary,
one of the companies under the umbrella of the holding company
trustee.  Previously, the predicted recovery was 14.7% to 34% on
bank lenders' claims against the finance subsidiary.


MGM RESORTS: Egan-Jones Upgrades Sr. Unsecured Ratings to BB-
-------------------------------------------------------------
Egan-Jones Ratings Company, on Dec. 13, 2016, raised the senior
unsecured ratings on debt issued by MGM Resorts International to
BB- from B+.

MGM Resorts International is a global hospitality and entertainment
company operating destination resorts in Las Vegas, Mississippi,
New Jersey and Detroit, including Bellagio, MGM Grand, Mandalay Bay
and The Mirage.



MID-STATE PLUMBING: 10% Recovery for Unsecured Creditors
--------------------------------------------------------
Mid-State Plumbing, Inc., filed with the U.S. Bankruptcy Court for
the Western District of Louisiana a small business disclosure
statement describing its plan of reorganization, which would give
general unsecured creditors a distribution of approximately 10% of
their allowed claims.

Class 1, Secured Claim of Ford Motor Credit, is impaired under the
plan. This is to be paid with interest at the rate of 5.25% in
monthly installments of $870 each beginning month 1 after the
effective date and continuing until the claim has been paid in
full.

Class 4, General Unsecured Class, is impaired under the plan.
Beginning in month 28 after the effective date of the plan, the
Debtor will pay $3,200 per month, pro rata, to the unsecured
creditors holding allowed undisputed claims. The payments will
continue until month 48 after the effective date for a total of
$67,200. The Debtor estimates that unsecured creditors will be paid
approximately 10%, but this amount may increase depending on the
amount of allowed claims which remain undisputed.  

Payments and distributions under the Plan will be funded by future
earnings of the Debtor.

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

         http://bankrupt.com/misc/lawb16-80392-75.pdf

Mid-State Plumbing, Inc. filed for Chapter 11 bankruptcy protection
(Bankr. W.D. La. Case No. 16-80392) on April 5, 2016. The Debtor is
represented by: L. Laramie Henry, Esq.


MOBILEDIRECT INC: Hearing on Plan Outline Set For Feb. 16
---------------------------------------------------------
The U.S. Bankruptcy Court for the District of Montana will hold on
Feb. 16, 2017, at 9:00 a.m. the hearing to consider the approval of
MobileDirect, Inc.'s disclosure statement referring to the Debtor's
plan of reorganization.

Feb. 13, 2017, is the last day for filing objections to the
Disclosure Statement.

                     About MobileDirect Inc.

MobileDirect Inc. filed a Chapter 11 petition (Bankr. D. Mont. Case
No. 16-60596), on June 13, 2016.  The Petition was signed by Clyde
Neu, Co-Founder and CFO.  The Debtor is represented by Steve M.
Johnson, Esq., at Church, Harris, Johnson and Williams, P.C.  At
the time of filing, the Debtor had less than $50,000 in estimated
assets and $100,000 to $500,000 in estimated liabilities.

Anderson ZurMuehlen was employed as accountants to the Debtor.


MOSES INC: Seeks Feb. 10 Exclusive Plan Filing Period Extension
---------------------------------------------------------------
Moses, Inc. asks the U.S. Bankruptcy Court for the District of
Arizona to extend its exclusive periods for filing and soliciting
acceptances to a chapter 11 plan through February 10, 2017 and
April 11, 2017, respectively.

The Debtor relates that it has negotiated and entered into a
stipulation with its major creditors in an effort to move this
Bankruptcy Case along.  On Dec. 13, 2016, it filed the Stipulation
Among Jackson Street, LLC, Joseph Anshell, Montecito Ventures, LLC,
Louie Moses and the Debtor in Aid of Confirmation of Plan of
Reorganization, which is currently set for hearing on January 25,
2017.

The Debtor contends that since the Petition Date, it has made
progress toward structural reorganization by downsizing staff and
facilities.  The Debtor relates that it is in the process of
normalizing its reduced operations, assimilating the data resulting
from its restructuring efforts and continues to work on forward
looking financial projections based on its new operational
structure.

The Debtor's exclusivity period to file a Plan, absent an
extension, was set to expire Dec. 27, 2016, which is prior to the
hearing on the Stipulation.  The Debtor further tells the Court
that it is simply requesting a short extension of the exclusivity
periods in order to seek approval of the Stipulation, complete
negotiations with major creditors and complete reliable projections
based on more recent data.  The Debtor adds that given its progress
to date, such an extension is warranted.

                       About Moses, Inc.

Moses, Inc., based in Phoenix, Ariz., filed a Chapter 11 petition
(Bankr. D. Ariz. Case No. 16-09889) on August 26, 2016.  The
petition was signed by Tom Guilfoy, chief restructuring officer.
The Debtor is represented by Christopher C. Simpson, Esq., at
Stinson Leonard Street LLP.  The case is assigned to Judge Brenda
Moody Whinery.  The Debtor disclosed $1.22 million in total assets
and $5.73 million in total liabilities.


MOTHERS FOOD: Plan Confirmation Hearing Set for Jan. 10
-------------------------------------------------------
The U.S. Bankruptcy Court for the Northern District of Illinois is
set to hold a hearing on Jan. 10, at 10:30 a.m., to consider
approval of the disclosure statement and the Chapter 11 plan of
reorganization of Mothers Food, Inc.

The hearing will take place at the U.S. Bankruptcy Courtroom 619,
219 S. Dearborn, Chicago, Illinois.  Objections are due by Jan. 3.

Under the proposed plan, Class 1 general unsecured creditors will
get 100% of their allowed claims.  The claims will be paid in
monthly installments over five years.

The plan will be funded by income generated from sales and
operation of Mothers Food's business.

                        About Mothers Food

Mothers Food, Inc. is a non-public corporation.  Since 2011, the
Debtor has been in the business of Debtor is an Illinois
Corporation that was incorporated Dec. 13, 2011.  The business is
located 4758 S Wood Street, Chicago, Illinois 60609 and it is owned
by Odieh J. Ayesh who is the sole shareholder.  The Debtor operates
a small grocery store.  The Debtor's family helps with the store
the owner is the only person receiving income from the store at
this time.  

The Debtor filed a Chapter 11 petition (Bankr. N.D. Ill. Case No.
16-08646), on March 14, 2016.  The Petition was signed by its
President, Odieh Ayesh.  The Debtor is represented by Robert J.
Adams, Esq., at Robert J Adams & Associates.

At the time of filing, the Debtor had $50,000 in estimated assets
and $50,000 to $100,000 in estimated liabilities.


MOUNSEF INTERNATIONAL: Court Confirms Amended Plan
--------------------------------------------------
The Hon. Jacqueline Cox of the U.S. Bankruptcy Court for the
District of Illinois approved Mounsef International, Inc.'s
amended disclosure statement and confirmed its amended plan of
reorganization, dated Oct. 18, 2016.

The amended plan is confirmed with modifications in Articles II and
IV, which modifications were considered by Judge Cox as not
material.

A full-text copy of the Plan Confirmation Order is available at:

       http://bankrupt.com/misc/ilnb15-35685-280.pdf

As previously reported by the Trouble Company Reporter, general
unsecured creditors will receive a distribution of 5% of their
allowed claims under the plan. Class 2 General Unsecured Claims are
impaired under the Plan and will receive a total of $54,000 or
about 5% of allowed claims without interest pro rata in 20
quarterly installments starting on the first calendar day of the
next calendar quarter after the Effective Date of the Plan.

The Amended Disclosure Statement is available at:

           http://bankrupt.com/misc/ilnb15-35685-244.pdf 


               About Mounsef International

Mounsef International, Inc., is an Illinois corporation that was
incorporated on Feb. 3, 2003.  George Mounsef is the president
and
sole shareholder of the Debtor.  The Debtor operates a retail
grocery store and manufactures pita breads and assorted other
baked
goods.  The Debtor operates out of the property commonly known
as
3201-13 West Lawrence Avenue, Chicago, Illinois, and 4738-49 North
Kedzie Avenue, Chicago, Illinois.

The Debtor filed a Chapter 11 petition (Bankr. N.D. Ill. Case No.
15-35685) on Oct. 20, 2015.  The petition was signed by George
Mounsef, sole shareholder.  The Debtor is represented by Robert
R.
Benjamin, Esq., at Golan & Christie, LLP.  The case is assigned
to
Judge Jacqueline P. Cox.  The Debtor disclosed total assets at
$99,104 and total liabilities at $2.74 million.


MOUNTAIN WEST VALVE: Unsecureds To Get $500 Per Month for 12 Months
-------------------------------------------------------------------
Mountain West Valve, Inc., filed with the U.S. Bankruptcy Court for
the District of Utah a disclosure statement describing its small
business plan of reorganization, dated Dec. 23, 2016, which
proposes to give general unsecured creditors a distribution of $500
per month for 12 months commencing 48 months after the Effective
Date.

Class 2, Secured Claim of Swift Financial Corp. dba Swift Capital,
is impaired under the plan. The class 2 Creditor will be paid as
follows:

   (i) $27,000 will be paid prior to the Effective Date

   (ii) The balance of $408,000 will be paid within 75 months after
the Effective Date in minimum monthly payments of no less than
$3,000 per month.

  (iii) The Debtor will have the option to make monthly payments in
excess of $3,000 without penalty.

   (iv) The creditor's lien as it existed on the Petition Date
shall be retained as security for the payment or performance by the
Debtor of all sums required to be paid under the Plan. Except to
the extent expressly modified in the Plan, nothing contained in the
Plan or the Confirmation Order shall alter or affect the rights,
claims and defenses of the Creditor and the Debtor with respect to
this Claim.

Class 4, General Unsecured Creditors, is impaired under the plan.
All unsecured claims allowed under section 502 of the Code will be
satisfied by receiving a Pro Rata distribution of $500 per month
for 12 months commencing 48 months after the Effective Date. From
time to time if the Debtor generates enough funds to pay creditors
in Class 4 early, it may do so without penalty. No interest shall
be paid to creditors in this class. These claims will be discharged
upon the distribution of their Pro Rata portion of $6,000.

Payments and distributions under the Plan will be funded by the
operations of the Reorganized Debtor.

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

        http://bankrupt.com/misc/utb16-21396-175.pdf

                   About Mountain West

Mountain West Valve, Inc., based in Salt Lake City, UT, filed a
Chapter 11 petition (Bankr. D. Utah, Case No. 16-21396) on
February
29, 2016. Hon. William T. Thurman presides over the
case.  Matthew
K. Broadbent, Esq., at Vannova Legal, PLLC, serves as the Debtor's
bankruptcy counsel.

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 Kenny Guest, owner/president.


MS ELMSFORD: Hires Bronson Law as Counsel
-----------------------------------------
MS Elmsford Snack Mart Inc., seeks authority from the U.S.
Bankruptcy Court for the Southern District of New York to employ
Bronson Law Offices, P.C. as counsel to the Debtor.

MS Elmsford requires Bronson Law to:

   a. assist the Debtor in the administration of its Chapter 11
      proceeding, the preparation of operating reports and
      complying with applicable law and rules;

   b. set a bar date, review claims and resolve claims which
      should be disallowed;

   c. address lease issues; and

   d. assist in reorganizing and confirming a Chapter 11 plan.

Bronson Law will be paid at these hourly rates:

     H. Bruce Bronson                 $375
     Paralegal                        $120

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

H. Bruce Bronson, member of Bronson Law Offices, 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.

Bronson Law can be reached at:

     H. Bruce Bronson, Esq.
     BRONSON LAW OFFICES, P.C.
     480 Mamaroneck Ave.
     Harrison, NY 10528
     Tel: (914) 269-2530

                       About MS Elmsford

MS Elmsford Snack Mart Inc. filed a chapter 11 petition (Bankr.
S.D.N.Y. Case No. 16-22106) on January 28, 2016, disclosing under
$1 million in both assets and liabilities. The petition was signed
by Musa ElJamal, vice president. The Debtor is represented by H.
Bruce Bronson, Jr., Esq., at Bronson Law Offices, P.C.


N-LIQUIDATION: Refund Checks Are Acquired Assets, Court Says
------------------------------------------------------------
Judge Diane Davis of the United States Bankruptcy Court for the
Northern District of New York denied the debtor-defendants' motion
for summary judgment and granted, sua sponte, summary judgment in
favor of the plaintiff in the adversary proceeding captioned Alder
Creek Beverages, LLC, v. N-Liquidation, Inc., NT-Liquidation, Inc.,
NW-Liquidation, Inc., MWD-Liquidation, Inc., Adversary Proceeding
No. 16-80016 (Bankr. N.D.N.Y.).

On December 30, 2015, Alder Creek Beverages, LLC, acquired
substantially all of the assets of the debtor-defendants,
N-Liquidation, Inc., NT-Liquidation, Inc., NW-Liquidation, Inc.,
and MWD-Liquidation Inc., in accordance with a sale order issued by
the Bankruptcy Court on November 24, 2015.  The sale order
authorized the sale of such assets pursuant to an Asset Purchase
Agreement dated as of November 24, 2015, and an order was issued on
December 21, 2015 approving the APA.  The sale transaction closed
on December 30, 2015, and the debtors issued a Bill of Sale to
Alder Creek at the sale closing.

On June 14, 2016, following closing of the sale transaction, Acadia
Insurance Group — Continental Western Insurance Company issued
check number 0600150767 payable to debtor-defendants Nirvana, Inc.,
n/k/a N-Liquidation Inc., and Millers Wood Development Corp., n/k/a
MWD-Liquidation, Inc., in the amount of $18,236.01.  The check
represented an audit refund under the debtor-defendants' commercial
liability policy number 0253038.18.

Also on June 14, 2016, Acadia Insurance Group - Union Insurance
Company issued check number 0600151667 payable to debtor-defendant
Nirvana Transport, Inc., n/k/a NT-Liquidation, Inc., in the amount
of $7,529.00.  The check represented an audit refund under the
debtor-defendants' workers' compensation policy number
WCA5082946-11.

On June 30, 2016, the New York State Insurance Fund issued check
number 54925289 payable to debtor-defendant Nirvana Inc. in the
amount of $32,630.58.  The check represented an audit refund under
the debtor-defendant's workers' compensation policy number 2373
920-4.

These three checks totaled $58,220.45 and were deposited into the
debtor-defendants' attorney's escrow account.

On October 11, 2016, Alder Creek commenced an adversarial
proceeding in order for there to be a determination as to whether
the refund checks are "acquired assets" under the terms of the
APA.

The debtor-defendants moved for summary judgment, arguing that the
refund checks are not "acquired assets," per Sections 1.1(c),
1.2(c), 1.2(m) and 1.4 of the APA.  The debtor-defendants relied
heavily on Sections 1.1(c) and 1.2(c), arguing that the insurance
policies were not included among the assigned contracts identified
in Section 1.1(c), or Schedule 1.1(c).  The debtor-defendants
argued that Section 1.1(j) only includes as an acquired asset
refunds "relating to acquired assets or assumed liabilities."
Therefore, the debtor-defendants contended, because the insurance
policies were not included as assigned contracts, then the policies
are not an acquired asset or assumed liability, and consequentially
the refunds should also not be considered acquired assets.
Additionally, the debtor-defendants argued that Section 1.4,
listing excluded liabilities, is relevant because the insurance
policies were not expressly assumed, and therefore they are not an
assumed liability for purposes of Section 1.1(j).

The plaintiffs refuted this argument by relying on Sections 1.1(j),
(m), and 1.2(k), and Schedule 1.2(k).  The plaintiffs argued that
the APA must be read as a whole and that the debtor-defendants'
arguments disregard the specific provisions of the APA relating to
insurance policies and insurance proceeds.  Citing Section 1.1(j),
the plaintiff's position was that the APA specifically deems all
refunds, including insurance refunds, relating to an acquired asset
as acquired assets.  Section 1.1(m) included as an acquired asset
all insurance policies relating to the business, any acquired
assets or any assumed liabilities, except those provided in Section
1.2(k).  Section 1.2(k) excludes those insurance policies listed in
Schedule 1.2(k).  Schedule 1.2(k) lists only "none" as excluded
insurance policies.  Therefore, the plaintiffs argued that a plain
reading of the APA indicates that the refund checks are acquired
assets as the policies are not specifically excluded as acquired
assets in Schedule 1.2(k).

Judge Davis found that the refund checks are acquired assets.

"The refund checks are refund proceeds from three separate
insurance policies held by the debtor-defendants for business
purposes (workers compensation and commercial liability).  The APA
specifically addresses when insurance policies, and refund proceeds
therefrom, are to be considered acquired assets in Sections 1.1(j),
(m), and 1.2(k), and Schedule 1.2(k).  Section 1.1(j) includes as
an acquired asset "all . . . refunds (including all tax and
insurance refunds) . . . relating to any acquired assets or assumed
liabilities."  Section 1.1(m) must be read in conjunction with
Section 1.1(j) because it specifically includes as an acquired
asset "all of Sellers' insurance policies and claims and rights
thereunder relating to the Business, any acquired assets or any
assumed liabilities, except as provided in Section 1.2(k)."  As
these insurance policies do relate to the business, then Section
1.1(m) directs that they are acquired assets, unless specifically
excluded in Section 1.2(k).  Sections 1.1(j) and (m) direct that
the insurance refund proceeds relating to the acquired insurance
policies are to be considered acquired assets, subject to the
exclusions in Section 1.2(k).  Section 1.2(k) specifically excludes
as acquired assets those insurance policies listed in Schedule
1.2(k).  Schedule 1.2(k) only lists "none" under insurance policies
that are to be considered excluded assets, per Section 1.2(k).
Therefore, under a conjunctive and plain reading of these four
provisions of the APA, the Court finds that the refund checks are
acquired assets," Judge Davis said.

The bankruptcy case is In re: N-Liquidation, Inc. and
NT-Liquidation, Inc. Chapter 11, Case No. 15-60823 (Bankr.
N.D.N.Y.).

A full-text copy of Judge Davis' December 13, 2016 letter-decision
and order is available at https://is.gd/Xn8mm7 from Leagle.com.

N-Liquidation, Inc. is represented by:

          Stephen A. Donato, Esq.
          Camille Wolnik Hill, Esq.
          Joseph Zagraniczny, Esq.
          BOND, SCHOENECK & KING, PLLC
          One Lincoln Center
          110 West Fayette Street
          Syracuse, NY 13202-1355
          Tel: (315)218-8000
          Fax: (315)218-8100
          Email: sdonato@bsk.com
                 chill@bsk.com
                 jzagraniczny@bsk.com

U.S. Trustee is represented by:

          Erin Champion, Esq.
          Guy A. VanBaalen, Esq.
          OFFICE OF THE UNITED STATES TRUSTEE
          10 Broad Street, Room 105
          Utica, NY 13501
          Tel: (315)793-8191
          Fax: (315)793-8133

Official Committee of Unsecured Creditors, Creditor Committee, is
represented by:

          Sharon L. Levine, Esq.
          Nicole Stefanelli, Esq.
          LOWENSTEIN SANDLER LLP
          65 Livingston Avenue
          Roseland, NJ 07068
          Tel: (973)597-2500
          Fax: (973)597-2400
          Email: nstefanelli@lowenstein.com

                    About Nirvana Inc.

Nirvana Inc. is a manufacturer and bottler of spring water that is
captured from four natural springs on 1,600 acres of property
located in the foothills of the Adirondack Mountains at
Forestport,
New York. Nirvana says its water is exceptionally pure and flows
naturally to the surface at a temperature of 42 degrees
Fahrenheit.

Nirvana is a closely-held New York corporation with a principal
office located at One Nirvana Plaza, Forestport, New York.
Nirvana
was formed on June 2, 1995 by Mozafar Rafizadeh and his brother,
Mansur Rafizadeh.  

Nirvana, Inc., and three affiliates -- Nirvana Transport,
Inc., Nirvana Warehousing, Inc. and Millers Wood Development
Corp. -- sought Chapter 11 bankruptcy protection (Bankr. N.D.N.Y.
Lead Case No. 15-60823) in Utica, New York, on June 3, 2015. The
cases are assigned to Judge Diane Davis.  

According to the docket, the Debtors' Chapter 11 plan and
disclosure statement are due Oct. 1, 2015. The deadline for filing
claims by governmental units is Nov. 30, 2015.  

The Debtors tapped Bond, Schoeneck & King, PLLC, as general
counsel, and Teitelbaum & Baskin, LLC, as special counsel.


NAHID M F: U.S. Trustee Unable to Appoint Committee
---------------------------------------------------
An official committee of unsecured creditors has not yet been
appointed in the Chapter 11 case of Nahid M F International, Inc.,
as of Dec. 23, according to a court docket.

Nahid M F is represented by:

     Elias L. Dsouza, Esq.
     Elias Leonard Dsouza, PA
     111 N Pine Island Rd Ste 205
     Plantation, FL 33324-1836
     Email: dtdlaw@aol.com

                  About Nahid M F International

Nahid M F International, Inc. sought protection under Chapter 11 of
the Bankruptcy Code (Bankr. S. D. Fla. Case No. 16-24969) on
November 5, 2016.  The petition was signed by Mohammed Faruk,
president.  

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


NASTY GAL:  Court Sets Jan. 5 Final Hearing for Cash Collateral Use
-------------------------------------------------------------------
Judge Sheri Blueblond of the U.S. Bankruptcy Court for the Central
District of California approved the Third Interim Stipulation and
Granting Adequate Protection between Nasty Gal Inc. and Hercules
Capital, Inc. f/k/a Hercules Technology Growth Capital, Inc., in
its capacity as administrative agent for itself and the several
banks and other financial entities from time to time parties
thereto.

The final hearing on the Debtor's use of cash collateral is
scheduled on January 5, 2017, at 10:00 a.m.

A full-text copy of the Order, dated December 20, 2016, is
available at http://tinyurl.com/jugv7ze

                         About Nasty Gal Inc.

Nasty Gal Inc. filed a Chapter 11 petition (Bankr. C.D. Cal. Case
No. 16-24862), on November 9, 2016.  The petition was signed by Joe
Scirocco, president.  The case is assigned to Judge Sheri Bluebond.
The Debtor is represented by Scott F. Gautier, Esq., at Robins
Kaplan LLP.  At the time of filing, the Debtor estimated assets and
liabilities at $10 million to $50 million.

The Debtor hired Rust Consulting Omni Bankruptcy as claims,
noticing and balloting agent.


NASTY GAL: Seeks Court Permission to Launch Auction Process
-----------------------------------------------------------
Nasty Gal, Inc., on Dec. 28, 2016, disclosed that it plans to seek
permission from the U.S. Bankruptcy Court to launch an auction
process for the sale of its business.  The Company will seek
approval of an agreement to have boohoo.com, one of the United
Kingdom's leading online fashion retailers, act as the stalking
horse bidder in that process with a bid of $20 million for Nasty
Gal's intellectual property assets.

"We believe this path will generate the highest value for the
Company and ensure the continued success of the Nasty Gal brand
that has served its consumers as a leading style destination over
the last decade," said Joe Scirocco, President and Chief
Restructuring Officer.

The auction is expected to take place in early February, with
bidding procedures to be approved by the United States Bankruptcy
Court for the Central District of California on or about January 5,
2017.  Peter J. Solomon Company, LLC in New York has served as the
Company's investment banker and will manage the auction process.

Nasty Gal will continue normal operations throughout the auction
process and sale, which is expected to close by the end of
February, 2017.

The Company is represented in its chapter 11 case by Scott Gautier
at Robins Kaplan LLP.  Information regarding the Company's
bankruptcy filing, including access to court documents, can be
found at http://www.omnimgt.com/nastygaland
http://www.cacb.uscourts.gov

               About boohoo.com "24/7 Global Fashion"

Keeping one step ahead of the trends or making a subtle style
change is easy with boohoo.com and with up to 100 new pieces
hitting the site every day and a new collection each week,
boohoo.com never
stops -- it is 24/7 fashion at its best.  From the UK's best kept
fashion secret to one of the fastest growing own-brand,
international etailers, boohoo.com has quickly evolved into a
global fashion leader of its generation.  Combining cutting-edge,
aspirational design with an affordable price tag, boohoo.com has
been pushing boundaries since 2006 to bring its customers all the
latest looks for less.

                      About Nasty Gal Inc.

Nasty Gal Inc. filed a Chapter 11 petition (Bankr. C.D. Cal. Case
No. 16-24862) on Nov. 9, 2016.  The petition was signed by Joe
Scirocco, president.  The case is assigned to Judge Sheri Bluebond.
The Debtor is represented by Scott F. Gautier, Esq., at Robins
Kaplan LLP.  At the time of filing, the Debtor estimated assets and
liabilities at $10 million to $50 million.


NATIONAL RURAL: Egan-Jones Hikes Sr. Unsecured Ratings to BB-
-------------------------------------------------------------
Egan-Jones Ratings Company, on Dec. 2, 2016, raised the senior
unsecured ratings on debt issued by National Rural Utilities
Cooperative Finance Corp to BB- from B+.

Headquartered in Dulles, Virginia, National Rural Utilities
Cooperative Finance Corporation, a cooperative association,
provides its members with financing to supplement the loan programs
of the Rural Utilities Service of the United States Department of
Agriculture.



NEW BEGINNINGS: Disclosures Okayed, Plan Hearing on Jan. 31
-----------------------------------------------------------
The U.S. Bankruptcy Court for the Southern District of Florida will
consider approval of the Chapter 11 plan of reorganization of New
Beginnings of South Florida, Inc. at a hearing on Jan. 31.

The hearing will be held at 2:00 p.m., at C. Clyde Atkins U.S.
Courthouse, Courtroom 4, 301 North Miami Avenue, Miami, Florida.

The court had earlier approved New Beginnings' disclosure
statement, allowing the company to start soliciting votes from
creditors.  

The order set a Jan. 17 deadline for creditors to cast their votes
and file their objections.

Under the proposed plan, holders of Class 5 claims will be paid
100% of their allowed claims.  They will receive a single payment
due 12 months after the plan is confirmed.

Class 5 claims consist of all allowed general unsecured claims
estimated to total $1,956.74.

New Beginnings will fund its restructuring plan through income
generated from the operations of the company, according to court
filings.

             About New Beginnings of South Florida

New Beginnings of South Florida, Inc., is a not for profit holding
company.  The Debtor provides essential community services to the
financially depressed city of Opa Locka, Florida.  Reverend John
Taylor, a director at New Beginnings, has operated a church and/or
provided community services at the properties owned by New
Beginnings for over 30 years. Currently, the Debtor generates
revenue by collecting rents from its tenants, which include a
church, day-care and school.  The Debtor has no employees.

The Debtor filed for Chapter 11 bankruptcy protection (Bankr. S.D.
Fla. Case No. 16-11907) on Feb. 10, 2016.  The petition was signed
by Elvira Smith, president.

The Debtor is represented by Luis Salazar, Esq., at Salazar
Jackson, LLP.  The case is assigned to Judge Robert A. Mark.

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


NEW COUNTRY WIRELESS: Case Summary & 20 Top Unsecured Creditors
---------------------------------------------------------------
Debtor: New Country Wireless, LLC
        420 Boston Post Road
        Sudbury, MA 01776

Case No.: 16-42199

Chapter 11 Petition Date: December 26, 2016

Court: United States Bankruptcy Court
       District of Massachusetts (Worcester)

Judge: Hon. Christopher J. Panos

Debtor's Counsel: Jonathan Horne, Esq.
                  MURTHA CULLINA LLP
                  99 High Street
                  Boston, MA 02110
                  Tel: (617) 457-4085
                  E-mail: jhorne@murthalaw.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Charbal M. Yousef, president, manager.

A copy of the Debtor's list of 20 largest unsecured creditors is
available for free at http://bankrupt.com/misc/mab16-42199.pdf


NEW STREAMWOOD: Plan Confirmation Hearing Set for Jan. 10
---------------------------------------------------------
The U.S. Bankruptcy Court for the Northern District of Illinois is
set to hold a hearing on Jan. 10 to consider approval of the
disclosure statement and the Chapter 11 plan of reorganization of
New Streamwood Lanes, Inc.

Creditors have until Jan. 3 to cast their votes and file their
objections.

                    About New Streamwood Lanes

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


NGPL PIPECO: S&P Raises ICR to 'BB-'; Outlook Stable
----------------------------------------------------
S&P Global Ratings said it raised its issuer credit rating on NGPL
PipeCo LLC to 'BB-' from 'B+'.  The outlook is stable.  S&P also
affirmed its 'BB-' issue-level ratings on all outstanding notes;
S&P revised its recovery rating to '3' from '2', reflecting
meaningful (50%-70%; higher half of the range) recovery in the
event of default.

At the same time, S&P withdrew the 'BB-' issue-level rating and '2'
recovery rating on NGPL's secured term loan maturing 2019, which
has been repaid.

"The stable outlook reflects our expectation that the issuer will
see improved financial metrics in the next two years based on the
potential provision of equity by its new sponsors and that its cash
flow stability should improve by virtue of its more thorough
contracted status; we anticipate leverage of under 7x in 2017,"
said S&P Global Ratings credit analyst Michael Ferguson.

"We could raise the rating to 'BB' if leverage ultimately drops to
5.25x or better, contributing to an improved financial risk profile
in conjunction with greater cash flow stability as a result of its
new contracts; furthermore, we will continue to monitor the
importance of this asset to the new sponsors.  If NGPL's assets
appear to have greater long-term strategic importance to Brookfield
or Kinder Morgan, we could apply additional uplift," S&P said.

S&P could lower the rating if NGPL's leverage increases again, or
if its market exposure increases. In addition, a weakening of the
bond with KMI, which provides some uplift, could weaken credit
quality.



NORTHWEST GF MUTUAL: A.M. Best Hikes Issuer Credit Rating From bb
-----------------------------------------------------------------
A.M. Best has upgraded the Financial Strength Rating (FSR) to B+
(Good) from B (Fair) and the Long-Term Issuer Credit Rating
(Long-Term ICR) to "bbb-" from "bb" of Northwest G.F. Mutual
Insurance Company (Northwest) (Eureka, SD). The outlook for the
Long-Term ICR has been revised to stable from positive, while the
outlook for the FSR remains stable.

The Credit Rating (rating) upgrades reflect Northwest's continued
improvement and stabilization of underwriting results, and
risk-adjusted capitalization under the current management team. The
company has strengthened significantly its underlying book of
business in the past five years by reducing policy count, expenses
and investment risk, while re-underwriting the book and increasing
rates. Loss reserve development continues to be favorable on an
accident and calendar-year basis. Additionally, Northwest has
developed solid agency relationships and local market knowledge
fostered by its long-standing presence in North and South Dakota.

Partially offsetting these positive rating factors is the company's
geographic concentration in North Dakota and South Dakota, exposing
results to frequent and severe weather-related events, as well as
judicial, regulatory, and economic environments. Throughout 2016,
the company has endured very active weather patterns; however, due
to strict underwriting practices and a strong reinsurance program,
Northwest has been able to withstand losses and report favorable
results through the third quarter of 2016.


NORTHWEST HEALTH: Hires Davidson Backman as Bankruptcy Counsel
--------------------------------------------------------------
Northwest Health Summit, P.S., seeks authority from the U.S.
Bankruptcy Court for the Eastern District of Washington to employ
Davidson Backman Medeiros PLLC as bankruptcy counsel to the
Debtor.

Northwest Health requires Davidson Backman to:

   a. assist, advise, and represent the Debtor in consultations
      with creditors regarding the administration of the Chapter
      11 case;

   b. assist, advise, and represent the Debtor in any manner
      relevant to a review of the Debtor's leases, other
      contractual obligations, and asset dispositions;

   c. assist, advise, and represent the Debtor in any issues
      associated with the acts, conduct, assets, liabilities, and
      financial condition of the Debtor; and

   d. assist, advise, and represent the Debtor in the performance
      of all of its duties and powers under the Bankruptcy Code
      and Bankruptcy Rule.

Davidson Backman will be paid at these hourly rates:

     Attorneys                $275-$400
     Legal Assistants         $125-$135

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

Barry W. Davidson, member of Davidson Backman Medeiros PLLC,
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.

Davidson Backman can be reached at:

     Barry W. Davidson, Esq.
     DAVIDSON BACKMAN MEDEIROS PLLC
     601 West Riverside Avenue
     Spokane, WA 99201
     Tel: (509 623-1660

                 About Northwest Health Summit

Northwest Health Summit, P.S. fka Women's Health Connection, P.S.,
dba Men's Health Connection, dba Women'S Health Connection, dba
Metabolic Health Connection, dba Northwest Psychiatry and TMS
Center filed a Chapter 11 petition (Bankr. E.D. Wash. Case No.
16-03406), on October 31, 2016. The Petition was signed by Debra
Ravasia, M.D., president. The case is assigned to Judge Frederick
P. Corbit. The Debtor's counsel is Barry W Davidson, Esq., Davidson
Backman Medeiros PLLC. At the time of filing, the Debtor estimated
assets and liabilities at $1 million to $10 million.


NUTRITION RUSH: Case Summary & 20 Largest Unsecured Creditors
-------------------------------------------------------------
Debtor: Nutrition Rush, LLC
          DBA Nutrition Rush
          DBA Nutrition Management, LLC
          DBA Lake Mead Nutrition, LLC
          DBA Jabada Group, LLC
          DBA Super Nutrition, LLC
          DBA Nutrition World, LLC
          DBA Nutrition Planet, LLC
          DBA Centennial Nutrition, LLC
          DBA Airport Center Nutrition, LLC
          DBA Country Club Nutrition, LLC
          DBA Murrieta Nutrition, LLC
          DBA East 215, LLC
          DBA Rainbow Nutrition, LLC
          DBA Stephanie Nutrition, LLC
          DBA Dysart Nutrition, LLC
          DBA Thunderbird Nutrition, LLC
          DBA Northsight Nutrition, LLC
          DBA Washington Nutrition, LLC
          DBA Serene Nutrition, LLC
          DBA Decatur Nutrition, LLC
          DBA Sports Arena Nutrition, LLC
          DBA Elliot Nutrition, LLC
          DBA Warner Nutrition, LLC
          FDBA K & N Investing Group, LLC
          FDBA Eastern Nutrition, LLC
          FDBA Craig Nutrition, LLC
          FDBA Aliante Nutrition, LLC
          FDBA Green Valley Nutrition, LLC
          FDBA La Quinta Nutrition, LLC
          FDBA Nutrition Systems, LLC
          FDBA Nutrition Lifestyles, LLC
          FDBA Nutrition Group, LLC
       5815 Emerald Ave.
       Las Vegas, NV 89122

Case No.: 16-16771

Chapter 11 Petition Date: December 22, 2016

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

Judge: Hon. Laurel E. Davis

Debtor's Counsel: Bryan A. Lindsey, Esq.
                  SCHWARTZ FLANSBURG PLLC
                  6623 Las Vegas Blvd. So., Ste 300
                  Las Vegas, NV 89119
                  E-mail: bryan@nvfirm.com

                    - and -

                  Samuel A. Schwartz, Esq.
                  SCHWARTZ FLANSBURG PLLC
                  6623 Las Vegas Blvd. So., Ste 300
                  Las Vegas, NV 89119
                  Tel: (702) 385-5544
                  Fax: (702) 385-2741
                  E-mail: sam@nvfirm.com

Estimated Assets: $500,000 to $1 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Laura Kuveke, managing member.

A copy of the Debtor's list of 20 largest unsecured creditors is
available for free at http://bankrupt.com/misc/nvb16-16771.pdf


ONCOBIOLIGICS INC: Issues $8.35 Million Senior Secured Notes
------------------------------------------------------------
Oncobiologics, Inc., entered into a note and warrant purchase
agreement with existing investors, as disclosed in a Form 8-K
report filed with the Securities and Exchange Commission.

The agreement provides for the issuance and sale of up to $10
million of senior secured promissory notes, which bear interest at
a rate of 5.0% per year and have a one-year maturity, and 5-year
warrants to acquire an aggregate 2.3 million shares of the
Company's common stock at an exercise price of $3.00 per share.  At
the initial closing, the Company issued $8.35 aggregate principal
amount of Notes and 1,920,500 Warrants.  Under the agreement, the
Company may issue up to $1.65 million of additional Notes and
379,500 Warrants in additional closings over 90 days from the date
of the Note and Warrant Purchase Agreement without approval of
holders of the Notes.

The Company used a portion of the proceeds from the sale of the
Notes to pay off its existing senior secured bank loans, and will
use the remainder for working capital purposes as it pursues
strategic opportunities.

                     About Oncobiologics

Oncobiologics, Inc., is a clinical-stage biopharmaceutical company
focused on identifying, developing, manufacturing and
commercializing complex biosimilar therapeutics.  The Cranbury, New
Jersey-based Company's current focus is on technically challenging
and commercially attractive monoclonal antibodies, or mAbs, in the
disease areas of immunology and oncology.

As of June 30, 2016, Oncobiologics had $32.99 million in total
assets, $31.42 million in total liabilities and $1.56 million in
total stockholders' equity.

For the nine months ended June 30, 2016, Oncobiologics reported a
net loss attributable to common stockholders of $52.57 million
compared to a net loss attributable to common stockholders of
$34.72 million for the year ended June 30, 2015.

"The Company has incurred substantial losses and negative cash
flows from operations since its inception and has an accumulated
deficit of $136.8 million and $94.1 million as of June 30, 2016
and September 30, 2015, respectively.  In addition, the Company has
$4.6 million and $14.2 million of indebtedness that is due on
demand, as of June 30, 2016 and September 30, 2015, respectively.
These factors raise substantial doubt about the Company's ability
to continue as a going concern," according to the Company's
quarterly report for the period ended June 30, 2016.


OUTSIDE PLANET: U.S. Trustee Forms 2-Member Committee
-----------------------------------------------------
The Office of the U.S. Trustee on Dec. 23 appointed two creditors
of Outside Plant Damage Recovery, LLC, to serve on the official
committee of unsecured creditors.

The committee members are:

     (1) Angela N. Frazier, Esq.
         Cox Communications, Inc.
         6205-B Peachtree Dunwoody Rd.
         Atlanta, GA 30328
         Tel: (404) 269-6180
         Fax: (404) 269-5845
         Email: angela.frazier@cox.com

     (2) Barry W. King, MBA, J.D.
         Charter Communications
         12405 Powerscourt Dr.
         St. Louis, MO 63131
         Tel: (314) 543-5640
         Fax: (314) 909-0609
         Email: Barry.King@charter.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 Outside Plant Damage Recovery

Outside Plant Damage Recovery, LLC d/b/a Paragon Risk Management
Group filed a Chapter 11 bankruptcy petition (Bankr. D.CO. Case No.
16-20629) on October 28, 2016.  Hon. Thomas B. McNamara presides
over the case. Adams Law, LLC represents the Debtor as 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 Joseph Fanciulli, owner.


OYSTER COMPANY: U.S. Trustee Forms 7-Member Committee
-----------------------------------------------------
The U.S. trustee for Region 4 on Dec. 23 appointed seven creditors
of Oyster Company of Virginia, LLC, to serve on the official
committee of unsecured creditors.

The committee members are:

     (1) Mark A. and Melissa V. Christian

     (2) William and Patricia Loughridge

     (3) G. Allen Ramer, Jr.

     (4) Martin Browder

     (5) Bruce Belt

     (6) William M. Benton

     (7) John B. Thompson

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 Oyster Company of Virginia

A Chapter 7 Involuntary Petition was filed against Oyster Company
of Virginia, LLC (Bankr. E. D. Va. Case No. 16-34750) on September
27, 2016.  The case is assigned to Judge Keith L. Phillips.


PACIFIC THOMAS: Ruling in Clawback Suit vs. Darrow Affirmed
-----------------------------------------------------------
In the adversary proceeding captioned KYLE EVERETT, Chapter 11
Trustee, Plaintiff, v. DARROW FAMILY PARTNERS, Defendant, Adv.
Proc. No. 14-05105 (N.D. Cal.), Judge Maxine M. Chesney of the
United States District Court for the Northern District of
California affirmed the judgment of the bankruptcy court, entered
December 8, 2015, in favor of Kyle Everett, the Chapter 11 Trustee
for the estate of the debtor, Pacific Thomas Corporation.

On August 5, 2014, the Trustee commenced an adversary proceeding
against Darrow Family Partner, in which the Trustee sought to avoid
and recover from Darrow transfers in the amount of $22,024.15,
which transfers allegedly were made to or for the benefit of Darrow
by the debtor or another entity, Pacific Trading Ventures (PTV), in
violation of Title 11 of the United States Code.  

With respect to the transfers by PTV, the parties appeared to agree
that the funds transferred were rental payments collected by PTV
from customers of a self-storage facility owned by the debtor.  The
parties disagreed, however, as to whether the rental payments were
the property of the debtor or PTV, said dispute being centered on
the nature of the contractual relationship between the debtor and
PTV.

The Trustee took the position that the relationship was governed by
a 2003 management services agreement under which PTV collected rent
on behalf of the debtor, i.e., that the rental payments were the
property of the debtor, whereas Darrow took the position that the
relationship was governed by a 2005 lease agreement whereby PTV
leased the self-storage facility from the debtor, i.e., that the
rental payments were the property of PTV.

After conducting a court trial, the bankruptcy court found the
Trustee was entitled to the total amount sought, specifically,
$22,059.51.

Darrow argued the bankruptcy court erred in finding the sums
transferred by PTV were the property of the debtor.  Darrow had
observed that, in a prior adversary proceeding brought by the
Trustee against PTV and others, but not Darrow, the bankruptcy
court had found the lease agreement between the debtor and PTV was
invalid and that the contractual relationship between said entities
was governed by the management services agreement.  Based thereon,
Darrow contended the bankruptcy court erroneously determined that
Darrow was "bound" by the judgment entered against PTV in the prior
adversary proceeding, despite the fact that Darrow was not a party
to that action.

Judge Chesney found that the bankruptcy court did not base its
determination on a finding that Darrow was bound by the bankruptcy
court's decision in the prior adversary proceeding.

First, the bankruptcy court found the Trustee had met its burden to
show that any transfers to Darrow by PTV were the property of the
debtor.  The Trustee had served on Darrow requests for admission in
which Darrow was asked to admit (1) the debtor and PTV were parties
to a management services agreement in which PTV agreed to "provide
property management services to [the] Debtor at [the] Debtor's
self-storage facilities" and (2) any transfer made to Darrow by PTV
that the Trustee sought to avoid and recover was "a transfer of an
interest of the Debtor in property."  Darrow failed to respond to
either such request.  Thus, the request was deemed "admitted."

Next, the bankruptcy court, although finding the Trustee, given
Darrow's admissions, had established the subject transfers were the
property of the debtor, nonetheless afforded Darrow the
"opportunity to introduce evidence in support of its defenses,"
including its defense that any transfers Darrow received from PTV
were the property of PTV.  The court did not find Darrow's argument
persuasive, and the evidence presented was insufficient to overcome
Darrow's admission that each transfer was a transfer of an interest
in debtor's property.

In the alternative, Darrow asserted that it was in privity with a
party to the prior adversary proceeding, and that the bankruptcy
court erred by finding Darrow had failed to show the claims alleged
by the Trustee in the adversary proceeding were barred under the
doctrine of claim preclusion.  Darrow argued that, under the
doctrines of privity and claim preclusion, the Trustee was barred
from proceeding against Darrow, having named, as a defendant to the
prior adversary proceeding, Randall Whitney, a general partner in
Darrow.  The bankruptcy court rejected Darrow's argument.

Judge Chesney found no error in the bankruptcy court's ruling
because the claims alleged in the two actions are not the same.

The bankruptcy case is In re PACIFIC THOMAS CORPORATION, dba
PACIFIC THOMAS CAPITAL, dba SAFE STORAGE, Debtor, Case No.
15-cv-06324-MMC, Bankruptcy Case No. 14-54232 MEH (N.D. Cal.).

A full-text copy of Judge Chesney's December 8, 2016 decision is
available at https://is.gd/CmzihA from Leagle.com.

In re Pacific Thomas Corporation is represented by:

          Anne-Leith Ferguson W. Matlock, Esq.
          MATLOCK LAW GROUP, A PROFESSIONAL CORPORATION
          1475 N Broadway Ste 410
          Walnut Creek, CA 94596-4666
          Tel: (925)944-7131

Darrow Family Partners is represented by:

          Paul Gilruth McCarthy, Esq.
          1 Kaiser Plz Ste 2300
          Oakland, CA 94612
          Tel: (510)836-0100
          Fax: (510)832-3690
          Email: p_mccarthy@sbcglobal.net

Kyle Everett is represented by:

          Craig C. Chiang, Esq.
          Robert E. Izmirian, Esq.
          BUCHALTER NEMER
          1000 Wilshire Boulevard, Suite 1500
          Los Angeles, CA 90017-1730
          Tel: (213)891-0700
          Fax: (213)896-0400

Office of the U.S. Trustee/Oak, Tracy Hope Davis, Trustee, are
represented by:

          Lynette Carol Kelly, Esq.
          U.S. DEPARTMENT OF JUSTICE
          450 Golden Gate Avenue, 5th Floor, Suite #05-0153
          San Francisco, CA 94102
          Tel: (415)252-2080
          Fax: (415)705-3379

          About Pacific Thomas Corp.

Walnut Creek, California, Pacific Thomas Corporation filed a
Chapter 11 petition (Bankr. N.D. Cal. Case No. 12-46534) in
Oakland on Aug. 6, 2012, estimating in excess of $10 million in
assets and liabilities.

The Debtor is related to Pacific Thomas Capital, which specializes
in real estate services, focusing on the investment, ownership and
development of commercial real estate properties, according to
http://www.pacificthomas.com/ Real estate activities has spanned  
throughout the Hawaiian Islands as well as U.S. West Coast
locations in California, Nevada, Arizona and Utah.  Hawaii based
activities are managed under the name Thomas Capital Investments.

Bankruptcy Judge M. Elaine Hammond presides over the case.  Anne-
Leith Matlock, Esq., at Matlock Law Group, P.C., serves as general
counsel.  The petition was signed by Jill V. Worsley, COO,
secretary.  Kyle Everett was named Chapter 11 trustee of the
Debtor.  Craig C. Chiang, Esq., at Buchalter Nemer, P.C., in San
Francisco, Calif., represents the Chapter 11 trustee as counsel.

In its schedules, the Debtor disclosed $19,960,679 in assets and
$16,482,475 in liabilities as of the petition date.

In January 2014, Judge Hammond entered an order holding that
Pacific Thomas Corp.'s Fourth Amended Disclosure Statement, filed
on Dec. 31, 2013, is not approved for the reasons stated on the
record at the Jan. 16 hearing.  Pursuant to the Plan, the Debtor
proposes to avail of a loan from Thorofare Capital to pay off some
secured claims.  The new loan would be refinanced by the
reorganized company before the loan terms expires.  If the
reorganized company fails to do so, the safe storage parcels of
the Pacific Thomas properties will be sold.  


PACIFIC THOMAS: Ruling in Clawback Suit vs. TCI Affirmed
--------------------------------------------------------
In the adversary proceeding captioned KYLE EVERETT, Chapter 11
Trustee Plaintiff, v. THOMAS CAPITAL INVESTMENTS, a Hawaiian
domestic limited partnership, Defendant, Adv. Proc. No. 14-05177
(N.D. Cal.), Judge Maxine M. Chesney of the United States District
Court for the Northern District of California affirmed the judgment
of the bankruptcy court, entered December 8, 2015, in favor of Kyle
Everett, the Chapter 11 Trustee for the estate of the debtor,
Pacific Thomas Corporation.

On August 5, 2014, the Trustee commenced an adversary proceeding
against Thomas Capital Investments (TCI), in which the Trustee
sought to avoid and recover from TCI transfers in the amount of
$341,059.51, which transfers allegedly were made to TCI by or on
behalf of the debtor in violation of Title 11 of the United States
Code.  Of the amount sought, $107,794.88 had not been transferred
to TCI by the debtor, but, rather, by another entity, Pacific
Trading Ventures (PTV).

With respect to the transfers by PTV, the parties appeared to agree
that the funds transferred were rental payments collected by PTV
from customers of a self-storage facility owned by the debtor.  The
parties disagreed, however, as to whether the rental payments were
the property of the debtor or PTV, said dispute being centered on
the nature of the contractual relationship between the debtor and
PTV.

The Trustee took the position that the relationship was governed by
a 2003 management services agreement under which PTV collected rent
on behalf of the debtor, i.e., that the rental payments were the
property of the debtor, whereas TCI took the position that the
relationship was governed by a 2005 lease agreement whereby PTV
leased the self-storage facility from the debtor, i.e., that the
rental payments were the property of PTV.

After conducting a court trial, the bankruptcy court found the
Trustee was entitled to the total amount sought, specifically,
$341,059.51.

TCI argued the bankruptcy court erred in finding the sums
transferred by PTV were the property of the debtor.  TCI had
observed that, in a prior adversary proceeding brought by the
Trustee against PTV and others, but not TCI, the bankruptcy court
had found the lease agreement between the debtor and PTV was
invalid and that the contractual relationship between said entities
was governed by the management services agreement.  Based thereon,
TCI contended the bankruptcy court erroneously determined that TCI
was "bound" by the judgment entered against PTV in the prior
adversary proceeding, despite the fact that TCI was not a party to
that action.

Judge Chesney found that the bankruptcy court did not base its
determination on a finding that TCI was bound by the bankruptcy
court's decision in the prior adversary proceeding.

First, the bankruptcy court found the Trustee had met its burden to
show that the transfers to TCI by PTV were the property of the
debtor.  The Trustee had served on TCI requests for admission in
which TCI was asked to admit (1) the debtor and PTV were parties to
a management services agreement in which PTV agreed to "provide
property management services to [the] Debtor at [the] Debtor's
self-storage facilities" and (2) any transfer made to TCI by PTV
that the Trustee sought to avoid and recover was "a transfer of an
interest of the Debtor in property."  TCI failed to respond to
either such request.  Thus, the request was deemed "admitted."

Next, the bankruptcy court, although finding the Trustee, given
TCI's admissions, had established the subject transfers were the
property of the debtor, nonetheless afforded TCI the "opportunity
to introduce evidence in support of its defenses," including its
defense that any transfers TCI received from PTV were the property
of PTV.  The court did not find TCI's argument persuasive, and the
evidence presented was insufficient to overcome TCI's admission
that each transfer was a transfer of an interest in debtor's
property.

The bankruptcy case is In re PACIFIC THOMAS CORPORATION, dba
PACIFIC THOMAS CAPITAL, dba SAFE STORAGE, Debtor, Case No.
15-cv-06321-MMC, Bankruptcy Case No. 14-54232 MEH (N.D. Cal.).

A full-text copy of Judge Chesney's December 8, 2016 decision is
available at https://is.gd/CmzihA from Leagle.com.

Pacific Thomas Corporation is represented by:

          Anne-Leith Ferguson W. Matlock, Esq.
          MATLOCK LAW GROUP, A PROFESSIONAL CORPORATION
          1475 N Broadway Ste 410
          Walnut Creek, CA 94596-4666
          Tel: (925)944-7131

Thomas Capital Investments is represented by:

          Paul Gilruth McCarthy, Esq.
          1 Kaiser Plz Ste 2300
          Oakland, CA 94612
          Tel: (510)836-0100
          Fax: (510)832-3690
          Email: p_mccarthy@sbcglobal.net

Kyle Everett is represented by:

          Craig C. Chiang, Esq.
          Robert E. Izmirian, Esq.
          BUCHALTER NEMER
          1000 Wilshire Boulevard, Suite 1500
          Los Angeles, CA 90017-1730
          Tel: (213)891-0700
          Fax: (213)896-0400

Office of the U.S. Trustee/Oak, Tracy Hope Davis, Trustee, are
represented by:

          Lynette Carol Kelly, Esq.
          U.S. DEPARTMENT OF JUSTICE
          450 Golden Gate Avenue, 5th Floor, Suite #05-0153
          San Francisco, CA 94102
          Tel: (415)252-2080
          Fax: (415)705-3379

          About Pacific Thomas Corp.

Walnut Creek, California, Pacific Thomas Corporation filed a
Chapter 11 petition (Bankr. N.D. Cal. Case No. 12-46534) in
Oakland on Aug. 6, 2012, estimating in excess of $10 million in
assets and liabilities.

The Debtor is related to Pacific Thomas Capital, which specializes
in real estate services, focusing on the investment, ownership and
development of commercial real estate properties, according to
http://www.pacificthomas.com/ Real estate activities has spanned  
throughout the Hawaiian Islands as well as U.S. West Coast
locations in California, Nevada, Arizona and Utah.  Hawaii based
activities are managed under the name Thomas Capital Investments.

Bankruptcy Judge M. Elaine Hammond presides over the case.  Anne-
Leith Matlock, Esq., at Matlock Law Group, P.C., serves as general
counsel.  The petition was signed by Jill V. Worsley, COO,
secretary.  Kyle Everett was named Chapter 11 trustee of the
Debtor.  Craig C. Chiang, Esq., at Buchalter Nemer, P.C., in San
Francisco, Calif., represents the Chapter 11 trustee as counsel.

In its schedules, the Debtor disclosed $19,960,679 in assets and
$16,482,475 in liabilities as of the petition date.

In January 2014, Judge Hammond entered an order holding that
Pacific Thomas Corp.'s Fourth Amended Disclosure Statement, filed
on Dec. 31, 2013, is not approved for the reasons stated on the
record at the Jan. 16 hearing.  Pursuant to the Plan, the Debtor
proposes to avail of a loan from Thorofare Capital to pay off some
secured claims.  The new loan would be refinanced by the
reorganized company before the loan terms expires.  If the
reorganized company fails to do so, the safe storage parcels of
the Pacific Thomas properties will be sold.  


PATRIOT METALS: Disclosures Okayed, Plan Hearing on Feb. 1
----------------------------------------------------------
The U.S. Bankruptcy Court for the Middle District of Florida will
consider approval of the Chapter 11 plan filed by Patriot Metals,
Inc. at a hearing on Feb. 1.

The hearing will be held at 9:30 a.m., at Sam M. Gibbons United
States Courthouse, Courtroom 8A, 801 N. Florida Avenue, Tampa,
Florida.

The court will also consider at the hearing the final approval of
the company's disclosure statement, which it conditionally approved
on Dec. 15.

The order required creditors to cast their votes no later than
eight days before the Feb. 1 hearing.  Objections to the disclosure
statement and the plan must be filed no later than seven days prior
to the hearing.  

                       About Patriot Metals

Patriot Metals, Inc. dba Patriot Metals Recycling filed a Chapter
11 petition (Bankr. M.D. Fla. Case No. 16-06860), on August 8,
2016.

The Debtor's counsel is James W. Elliott, Esq. at McIntyre
Thanasides Bringgold Elliott Grimaldi & Guito, P.A. of Tampa,
Florida.

No trustee or examiner has been appointed in this case and no
official committees have been appointed.


PENNGOOD LLC: Feb. 1 Plan Confirmation Hearing
----------------------------------------------
Judge S. Martin Teel, Jr. of the U.S. Bankruptcy Court for the
District of Columbia issued an order approving the amended
disclosure statement relating to the amended plan of reorganization
filed by Penngood LLC.

Jan. 27, 2017, is fixed as the last day on which the holders of
claims and interests may accept or reject the plan.

Feb. 1, 2017, at 10:30 a.m., is fixed as the date and time for the
hearing on confirmation of the plan.

Jan. 27, 2017, is fixed as the last day for filing and serving
written objections to confirmation of the plan.

By no later than Jan. 31, 2017, the debtor shall file a summary of
the completed ballots with a certification that the ballot summary
sets forth an accurate and complete tabulation of all ballots
received by the debtor as to rejection and acceptance of the Plan,
by class of creditors and interests with number and total amount of
claims or interests in each category.

The Debtor's Amended Plan proposes an immediate distribution to the
creditors of $360,000 upon the effective date of the Plan, and a
payment of $216,962 from the debtor over the Plan term, in addition
to a contribution of $20,000 from the debtor's principal, Clyde
Penn. The total to be distributed to the creditors under the Plan
is thus $596,962, and the amount of its cash retained by the debtor
after the initial $360,000 disbursement is less than the present
value of the monthly distributions at 4.5% interest over the Plan
term.

Taking everything into account, the creditors will receive
$136,801.00 more under the debtor's Plan than they would receive in
a hypothetical Chapter 7 liquidation. In a Chapter 7 liquidation
the unsecured creditors would receive 8% of their claims, whereas
under the Debtor's Plan they will receive approximately 12%.

A full-text copy of the Amended Disclosure Statement dated December
20, 2016, is available at:

        http://bankrupt.com/misc/dcb16-00051-100.pdf

                     About Penngood LLC

Headquartered in Washington, DC, Penngood LLC dba Penn Good and
Associates LLP derives its income primarily from government
contracts, or from work done for companies who are themselves
working on government contracts and has several promising
opportunities to acquire new accounts and to expand its business in
this area. It filed for Chapter 11 bankruptcy protection (Bankr.
D.C. Case No. 16-00051) on Feb. 15, 2016, listing $1.85 million in
total assets and $4.42 million in total liabilities. The petition
was signed by Clyde H. Penn Jr., owner.


PITTSBURGH CORNING: PPG's $110M Claim v. Midland Nixed
------------------------------------------------------
Jeff Sistrunk, writing for Bankruptcy Law360, reported that a New
York appeals court affirmed a lower court's decision that PPG
Industries cannot pursue a $110 million claim against insolvent
insurer Midland Insurance Co. to help cover a sweeping settlement
of asbestos litigation.  The Court held that the value of the claim
was not fixed by the cutoff date for filing proofs of claim against
Midland's estate.  PPG's claim against Midland was connected to its
agreement in affiliate Pittsburgh Corning Corp.'s Chapter 11
bankruptcy proceeding to create a multibillion-dollar compensation
trust.

               About Pittsburgh Corning Corporation

Pittsburgh Corning Corporation filed for Chapter 11 bankruptcy
protection (Bankr. W.D. Pa. Case No. 00-22876) on April 16, 2000,
to address numerous claims alleging personal injury from exposure
to asbestos.  At the time of the bankruptcy filing, there were
about 11,800 claims pending against the Company in state court
lawsuits alleging various theories of liability based on exposure
to Pittsburgh Corning's asbestos products and typically requesting
monetary damages in excess of $1 million per claim.

PCC's balance sheet at Sept. 30, 2012, showed $29.4 billion in
total assets, $7.52 billion in total liabilities and $21.9 billion
in total equity.

The Hon. Judge Thomas Agresti handled the bankruptcy case.  Reed
Smith LLP served as counsel and Deloitte & Touche LLP as
accountants to the Debtor.

The U.S. Trustee appointed a Committee of Unsecured Trade Creditors
on April 28, 2000.  The Bankruptcy Court authorized the retention
of Leech, Tishman, Fuscaldo & Lampl, LLC, as counsel to the
Committee of Unsecured Trade Creditors, and Pascarella & Wiker,
LLP, as financial advisor.

The U.S. Trustee also appointed a Committee of Asbestos Creditors
on April 28, 2000.  The Bankruptcy Court authorized the retention
of these professionals by the Committee of Asbestos Creditors: (i)
Caplin & Drysdale, Chartered as Committee Counsel; (ii) Campbell &
Levine as local counsel; (iii) Anderson Kill & Olick, P.C. as
special insurance counsel; (iv) Legal Analysis Systems, Inc., as
Asbestos-Related Bodily Injury Consultant; (v) defunct firm, L.
Tersigni Consulting, P.C. as financial advisor, and (vi) Professor
Elizabeth Warren, as a consultant to Caplin & Drysdale, Chartered.

The Asbestos Committee was represented by Douglas A. Campbell,
Esq., and Philip E. Milch, Esq., at Campbell & Levine, LLC; and
Peter Van N. Lockwood, Esq., Leslie M. Kelleher, Esq., and Jeffrey
A. Liesemer, Esq., at Caplin & Drysdale, Chartered.

On Feb. 16, 2001, the Court approved the appointment of Lawrence
Fitzpatrick as the Future Claimants' Representative.  The
Bankruptcy Court authorized the retention of Meyer, Unkovic &
Scott
LLP as his counsel, Young Conaway Stargatt & Taylor, LLP, as his
special counsel, and Analysis, Research and Planning Corporation
as
his claims consultant.  The FCR was later represented by Joel M.
Helmrich, Esq., at Dinsmore & Shohl LLP; and James L. Patton, Jr.,
Esq., Edwin J. Harron, Esq., and Sara Beth A.R. Kohut, Esq., at
Young Conaway Stargatt & Taylor, LLP.

In 2003, a plan of reorganization was agreed to by various
parties-in-interest, but, on Dec. 21, 2006, the Bankruptcy Court
issued an order denying the confirmation of that plan, citing that
the plan was too broad in addressing independent asbestos claims
that were not associated with Pittsburgh Corning.

On Jan. 29, 2009, an amended plan of reorganization (the Amended
PCC Plan) -- which addressed the issues raised by the Court when
it
denied confirmation of the 2003 Plan -- was filed with the
Bankruptcy Court.

As reported by the TCR on April 25, 2012, Pittsburgh Corning,
which
is a joint venture between Corning Inc. and PPG Industries Inc.,
filed another amendment to its reorganization plan.

In 2014, Pittsburgh Corning disclosed that its Modified Third
Amended Plan of Reorganization has been confirmed by the U.S.
District Court for the Western District of Pennsylvania, effective
October 1.  The confirmation affirmed a May 2013 ruling by the U.S.
Bankruptcy Court for the Western District of Pennsylvania.

In April 2016, Pittsburgh Corning disclosed that its Modified Third
Amended Plan became effective as of April 27, and the Company
emerged from Chapter 11 bankruptcy.

The confirmed Plan of Reorganization established a trust valued in
excess of $3.5 billion to assume all asbestos-related liabilities
and resolve all asbestos personal injury claims.  The trust is to
be funded by Pittsburgh Corning, its shareholders PPG Industries
Inc. and Corning Incorporated, and participating insurance
carriers.


PLAZA HEALTHCARE: Disclosures OK'd; Plan Hearing on March 1
-----------------------------------------------------------
The U.S. Bankruptcy Court for the Central District of California
has approved Plaza Healthcare Center LLC's disclosure statement
referring to the Debtor's plan of reorganization dated Dec. 8,
2016.

The hearing for the Court to consider the confirmation of the Plan
will be held on March 1, 2017, at 10:00 a.m.

Any objection to confirmation of the Plan must be filed with the
Court by Jan. 20, 2017.

Ballots accepting or rejecting the Plan must be received by counsel
to the Debtor by not later than 5:00 p.m. Pacific Standard Time on
Jan. 20, 2017.

By Feb. 3, 2017, the Debtor will file with the Court (i) a summary
of the results of the balloting on the Plan together with a copy of
all timely received ballots, (ii) a brief in support of
confirmation of the Plan, and (iii) any reply to any objection
filed to confirmation of the Plan.

Headquartered in Santa Ana, California, Plaza Healthcare Center LLC
and affiliate Plaza Convalescent Center LP were engaged in the
business of owning and operating skilled nursing facilities in
Southern California, which provided 24 hour, 7 days a week and 365
days a year care to patients who resided at these facilities.
Collectively, the Debtors owned and operated 18 skilled nursing and
one assisted living facility.

The Debtors each filed a voluntary petition under Chapter 11 of the
Bankruptcy Code on March 4, 2014.  The following day, 17 of their
affiliates filed for bankruptcy protection.  The lead case is In re
Plaza Healthcare Center LLC, Case No. 14-11335 (Bankr. C.D.
Calif.).

In its petition, Plaza Healthcare estimated its assets and
liabilities at between $1 million and $10 million each.


PODIUM PERFORMANCE: Seeks to Continue Using Suntrust Cash
---------------------------------------------------------
Podium Performance, LLC seeks authorization from the U.S.
Bankruptcy Court for the Southern District of Florida to continue
using Suntrust Bank, N.A.'s cash collateral to pay its regular
operating expenses in the course of its business, as well as the
administrative expenses in these Chapter 11 proceedings as they
become due.

The Debtor's proposed Budget for the period from January through
March 2017 provides a total of $48,342 in salary and wages, $70,731
total fixed business expenses, and other expenses in the
approximate amount of $8,433.

Suntrust Bank, N.A. filed a claim on December 15, 2016 alleging a
secured lien interest in the Debtor's gym equipment and furnishings
and fixtures by virtue of a Note and Security Agreement entered
into by and between the Debtor and Suntrust.

The Debtor contends that its continued use of the cash collateral
is necessary for an effective reorganization and to avoid harm to
its bankruptcy estate and the unsecured creditors.  The Debtor
further contends that it needs to be able to pay its regular
business expenses, as well as its administrative expenses as they
become due, to continue operating as a going concern, and to
maintain compliance with the guidelines of the Office of the U.S.
Trustee.

A full-text copy of the Debtor's Motion, dated December 20, 2016,
is available at https://is.gd/GiwKZ6

A full-text copy of the Debtor's Proposed Budget, dated December
20, 2016, is available at https://is.gd/firdpG


                         About Podium Performance

Podium Performance, LLC, filed a Chapter 11 petition (Bankr. S.D.
Fla. Case No. 16-21400) on August 18, 2016.  The petition is signed
by Peter Willis, managing member.  The Debtor is represented by
Nadine V. White-Boyd, Esq., at White-Boyd Law.  The Debtor
estimated assets at $100,001 to $500,000 and liabilities at
$500,001 to $1 million at the time of the filing.


PRECISE CORPORATE: Western State Bank Prohibits Access to Cash
--------------------------------------------------------------
Western State Bank, a secured creditor and party-in-interest in the
Chapter 11 case of  Precise Corporate Staging, L.L.C. notifies the
U.S. Bankruptcy Court for the District of Arizona that it does not
consent to, and requests the Court to prohibit the Debtor and any
other entity or individual from using the Collateral and order that
all proceeds of the Collateral be placed in a segregated interest
bearing account pending further order of the Court.

Western State Bank asserts that it has a secured claim against the
Debtor, particularly an interest in substantially all of the
Debtor's accounts receivable, deposit accounts, cash, and
substantially all of the Debtor's other personal property, and all
proceeds therefrom, as security for repayment of amounts due and
owing to Western State Bank under the Loan Documents.

Western State Bank relates that it loaned $980,000 to the Debtor
and its affiliate, Precise Corporate Staging, L.L.C.  Western State
Bank further relates that it has loaned an additional $830,700 to
Debtor and also made a Small Business Administration loan to Debtor
in the principal sum of $3,015,200.

Western State Bank tells the Court that each of the Loans are
cross-defaulted and cross-collateralized with one another, and as
such, the Debtor's assets serve as collateral for the Western State
Bank's loans to Dedicated Staging as well as its loans to the
Debtor.

Accordingly, Western State Bank also requests the Court that in the
event that the Debtor has dissipated its cash collateral
post-petition, the Court would grant it replacement liens, an
allowed administrative or super-priority claim since the Debtor is
not providing, and has not offered to provide, Western State Bank
with adequate protection (or any protection) of Western State
Bank's interests in the Collateral.


Western State Bank is represented by:

           James L. Ugalde, Esq.
           Elizabeth S. Fella, Esq.
           Quarles & Brady LLP
           Renaissance One
           Two North Central Avenue
           Phoenix, AZ 85004-2391
           Telephone: 602.229.5200
           Facsimile: 602.229.5690
           Email: jim.ugalde@quarles.com
                  elizabeth.fella@quarles.com


                  About Precise Corporate Staging, L.L.C.  

Precise Corporate Staging, L.L.C. filed a Chapter 11 petition
(Bankr. D. Ariz. Case No. 16-14281), on December 20, 2016.  The
Debtor is represented by John C. Smith, Esq. at Smith & Smith, PLLC
of Tucson, AZ.


PRICO ENTERPRISES: Disclosure Statement Hearing Set for Jan. 31
---------------------------------------------------------------
The U.S. Bankruptcy Court for the Middle District of Georgia is set
to hold a hearing on Jan. 31, at 2:00 p.m., to consider approval of
the disclosure statement explaining the Chapter 11 plan of Prico
Enterprises, Inc.

The hearing will take place at the U.S. Bankruptcy Court, 901 Front
Avenue, One Arsenal Place, Columbus, Georgia.  Objections are due
by Jan. 23.

The company filed its proposed plan and disclosure statement on
Dec. 6.

Prico Enterprises is represented by:

     Wesley J. Boyer, Esq.
     Katz, Flatau, & Boyer, L.L.P.
     355 Cotton Avenue
     Macon, GA 31201
     Phone: (478) 742-6481
     Fax: (478) 742-0108
     Email: wjboyer_2000@yahoo.com

                    About Prico Enterprises

Prico Enterprises, Inc. sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. M.D. Ga. Case No. 15-71004) on August 28,
2015.  The petition was signed by Bobby F. Price, Jr., authorized
representative.  

The case is assigned to Judge John T. Laney, III.

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


PRO ENTERPRISES: Unsecureds To Receive 10% Over 5 Years
-------------------------------------------------------
Pro Enterprises USA, Inc., and Alejandro Alan Azpurua filed with
the U.S. Bankruptcy Court for the Southern District of Florida a
joint disclosure statement in support of their joint plan of
reorganization, dated Dec. 23, 2016.

Class 5 consists of the allowed general unsecured claims of
creditors of Pro Enterprises. The holders of Allowed General
Unsecured Claims in Class 5 will receive in respect of their
Allowed General Unsecured Claims, a cash payment equal to 10% of
their claims over 5 years, payable in equal installments, with the
first installment being made on the Effective Date. The Debtor or
Reorganized Debtor will have the discretion to pre-pay the Class 5
distribution and any installment thereon in full at any time after
the Effective Date. Class 5 is impaired under the plan.

Class 6 consists of the allowed general unsecured claims of
creditors of Azpurua. The holders of Allowed General Unsecured
Claims in Class 6 will receive in respect of their Allowed General
Unsecured Claims, a cash payment equal to 5% of their claims over 5
years payable in equal installments, with the first installment
being made on the Effective Date. The Debtor or Reorganized Debtor
will have the discretion to pre-pay the Class 6 distribution and
any installment thereon in full at any time after the Effective
Date. Class 6 is impaired under the plan.

All payments necessary to achieve confirmation of the plan and to
fund payment to creditors required by the plan will be funded from
the cash flow of Pro Enterprises' operations as supplemented with
an infusion of cash by Pro Enterprises' principal, Alejandro Alan
Azpurua.

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

         http://bankrupt.com/misc/flsb16-16317-95.pdf  

                 About Pro Enterprises USA

Pro Enterprises USA, Inc. dba ProMed USA, dba ProPharma, aka
ProMed, fdba ProMedCo, aka Pro Enterprises filed a Chapter 11
petition (Bankr. S.D. Fla. Case No. 16-16317) on April 29, 2016. 
The petition was signed by Alejandro Alan Azpurua,
president/CEO. 

The case is assigned to Judge Jay A. Cristol.  The Debtor is
represented by Chad P. Pugatch, Esq., at Rice Pugatch Robinson
Storfer & Cohen, PLLC.  At the time of the filing, the Debtor
estimated both assets and liabilities at $1 million to $10
million.

A list of the Debtor's seven largest unsecured creditors is
available for free
at http://bankrupt.com/misc/flsb16-16317.pdf  

The Debtor has retained Fresh Start Tax, LLC as accountant.


REAM PROPERTIES: Hearing on Amended Plan Outline Set for Jan. 31
----------------------------------------------------------------
The U.S. Bankruptcy Court for the Middle District of Pennsylvania
is set to hold a hearing on Jan. 31, at 9:30 a.m., to consider
approval of the revised disclosure statement filed by Ream
Properties, LLC on Dec. 14.

The hearing will take place at The Ronald Reagan Federal Building,
Bankruptcy Courtroom, Third Floor, Third and Walnut Streets,
Harrisburg, Pennsylvania.  Objections are due by Jan. 19.

                      About Ream Properties

Ream Properties, LLC, was formed in 2008 for the purpose of
rehabbing and renting affordable properties in the greater
Harrisburg area resulting in the restoration of properties to the
tax and utility roles.

The Debtor sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. M.D. Pa. Case No. 15-02980) on July 15, 2015, listing
under $1 million in assets and liabilities.

Craig A. Diehl, Esq., at the Law Offices of Craig A. Diehl serves
as the Debtor's bankruptcy counsel.


REBUS CORP: Disclosure Statement Hearing Set for Jan. 11
--------------------------------------------------------
The U.S. Bankruptcy Court for the District of Puerto Rico is set to
hold a hearing on Jan. 11, at 2:00 p.m., to consider approval of
the disclosure statement explaining the Chapter 11 plan of Rebus
Corp.

The hearing will take place at the Jose V. Toledo Federal Building
and U.S. Courthouse, Courtroom No. 1, Second Floor, 300 Recinto,
Sur, Old San Juan, Puerto Rico.  Objections must be filed not less
than 14 days prior to the hearing.

Under the proposed plan, Class 4 general unsecured creditors will
get 1.5% of their claims, which equals $22,000, to be paid pro rata
to these creditors.  

Unsecured creditors will receive $5,170 including interests, yearly
over five years.  The first payment will be made eight months after
the plan is confirmed, according to court filings.  

                        About Rebus Corp.

Rebus Corp. sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. D.P.R. Case No. 16-02891) on April 13, 2016.  The
petition was signed by Pedro Martinez, president.

The case is assigned to Judge Brian K. Tester.

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


RENNOVA HEALTH: Prices $12.35M Public Offering of Common Stock
--------------------------------------------------------------
Rennova Health, Inc., announced the pricing of an underwritten
public offering of 12,350 shares of its Series H Convertible
Preferred Stock at a per share price to the public of $1,000.  The
Series H Preferred Stock has a stated value of $1,000 per share
with each share convertible into 11,111 shares of common stock, at
a conversion price of $0.09 per share.  The gross proceeds to
Rennova Health, Inc. from this offering are expected to be
approximately $12,350,000 before deducting underwriting discounts
and commissions and other estimated offering expenses.

Approximately $8,300,000 of the net proceeds from this offering
will be used to redeem certain outstanding shares of Rennova
Health's Series G Convertible Preferred Stock.  The offering is
expected to close on Dec. 20, 2016, subject to customary closing
conditions.

Aegis Capital Corp. is acting as the sole book-running manager for
the offering.

A registration statement relating to these securities has been
filed with the Securities and Exchange Commission and became
effective on Dec. 15, 2016.

The offering will be made only by means of a prospectus.  A copy of
the prospectus relating to the offering may be obtained, when
available, by contacting Aegis Capital Corp., Prospectus
Department, 810 Seventh Avenue, 18th Floor, New York, NY 10019,
telephone: 212-813-1010, e-mail: prospectus@aegiscap.com. Investors
may also obtain these documents at no cost by visiting the SEC's
website at http://www.sec.gov.

                       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.

The Company 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."


RENNOVA HEALTH: To Hold Business Update Conference Call on Jan. 5
-----------------------------------------------------------------
Rennova Health, Inc., announced the Company will host an investment
community conference call on Jan. 5, 2017, beginning at 4:30 p.m.
Eastern time.  During the call members of the Rennova executive
management team will discuss the Company's business strategy as
well as its milestones and expectations for 2017.

To access the conference call, U.S.-based listeners should dial
888-563-6275 and international listeners should dial 706-634-7417.
All listeners should provide passcode 43727009.  Individuals
interested in listening to the live conference call via the
Internet may do so by logging onto the Company's Web site at
http://www.rennovahealth.com/

Following the conclusion of the conference call, a replay will be
available through Jan. 11, 2017, and can be accessed by dialing
855-859-2056 from within the U.S. or 404-537-3406 from outside the
U.S.  All listeners should provide passcode 43727009.  The webcast
will be available for 30 days.

                      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.

The Company 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."


REPUBLIC AIRWAYS: Needs Until March 31 to File Chapter 11 Plan
--------------------------------------------------------------
Republic Airways Holdings Inc. and certain of its subsidiaries
request the U.S. Bankruptcy Court for the Southern District of New
York to further extend their exclusive plan filing period to and
including March 31, 2017 and their exclusive solicitation period to
and including June 1, 2017.

Out of an abundance of caution, the Debtors request for exclusivity
extensions to ensure that they will have an opportunity to confirm
and consummate the Plan, or if need be, file a new or amended plan,
before the Exclusive Periods expire.

The Debtors relate that they had filed their Joint Plan of
Reorganization and their related proposed Disclosure Statement on
November 16, 2016, which is supported by the Creditors Committee.
Subsequently, the Debtors filed amended versions of the Plan and
Disclosure Statement, and on December 21, 2016, the Court approved
the Disclosure Statement and the Debtors' proposed procedures for
the solicitation and tabulation of votes on the Plan.  Accordingly,
the Debtors will commence the solicitation on or before December
29, 2016.

The Debtors tell the Court that they are seeking these extensions
solely because they need a rational timetable and circumstances for
the solicitation and confirmation process to unfold since they have
spent significant time over several months negotiating with its
constituents and working to resolve critical issues in a manner
that maximizes value for all stakeholders.

Particularly, the Debtors have made extraordinary progress in
achieving the objectives of chapter 11 in the initial ten months of
these cases, including:  

        (a) Stabilizing its business,
        (b) Resolving complex claims and assuming its contracts
with its codeshare partners to ensure continuation of its
business,
        (c) Reaffirming relationships with key business partners,
        (d) Implementing cost-reduction measures,
        (e) Restructuring its aircraft fleet and streamlining
operations by moving to a single aircraft type (E170/E175) to be
operated under a single air carrier certificate,
        (f) Restructuring the debt on more than half its EJET
aircraft, securing the additional liquidity to fund future
operational stability and growth, and
        (g) Generally administering the chapter 11 case
efficiently.

In addition, the Debtors further tell the Court that the
culmination of all their reorganization efforts has been the filing
of a consensual Plan that is supported by the Creditors'
Committee.

A hearing to consider the Debtor's Motion will be held on January
18, 2017 at 11:00 a.m.  Any responses or objections to the Motion
are required to be filed and received no later than January 6, 2017
at 4:00 p.m.

                             About Republic Airways

Based in Indianapolis, Indiana, Republic Airways Holdings Inc.,
(OTCMKTS:RJETQ) owns Republic Airline and Shuttle America
Corporation.  Both companies -- http://www.rjet.com/-- offer 1,000
flights daily to 105 cities in 38 states, Canada, the Caribbean and
the Bahamas through Republic's fixed-fee codeshare agreements under
its major airline partner brands of American Eagle, Delta
Connection and United Express.  The airlines currently employ about
6,000 aviation professionals.

Republic Airways Holdings Inc. and six affiliated debtors each
filed a voluntary petition for relief under Chapter 11 of the
United States Bankruptcy Code (Bankr. S.D.N.Y. Lead Case No.
16-10429) on Feb. 25, 2016.  The petitions were signed by Joseph P.
Allman as senior vice president and chief financial officer.  Judge
Sean H. Lane has been assigned the cases.

As of Jan. 31, 2016, on a consolidated basis, Republic had assets
and liabilities of $3,561,000,000 and $2,971,000,000 (unaudited),
respectively.

Zirinsky Law Partners PLLC and Hughes Hubbard & Reed LLP are
serving as Republic's legal advisors in the restructuring.  Seabury
Group LLC is serving as financial advisor.  Deloitte & Touche LLP
is the independent auditor.  Prime Clerk is the claims and noticing
agent.

The U.S. Trustee for Region 2 appointed seven creditors of Republic
Airways Holdings Inc. to serve on the official committee of
unsecured creditors.  The Committee retained Morrison & Foerster
LLP as attorneys and Imperial Capital, LLC, as investment banker
and co-financial advisor.


REPUBLIC AIRWAYS: Plan Confirmation Hearing on Feb. 14
------------------------------------------------------
Judge Sean H. Lane of the U.S. Bankruptcy Court for the Southern
District of New York issued an order approving Republic Airways
Holdings Inc. and affiliates' disclosure statement for their second
amended joint plan of reorganization, dated Dec. 19, 2016.

A confirmation hearing will be held before the Honorable Sean H.
Lane, U.S. Bankruptcy Judge, Courtroom 701 of the U.S. Bankruptcy
Court for the Southern District of New York, One Bowling Green, New
York, New York 10014, on Feb. 14, 2017 at 11:00 a.m. (Eastern Time)
to consider the entry of an order, among other things, confirming
the Plan pursuant to section 1129 of the Bankruptcy Code.

Under the Plan, holders of claims in Class 3(a) (general unsecured
claims) on the Dec. 21, 2016 Voting Record Date are entitled to
vote on the plan and will receive a copy of the disclosure
statement, the plan, and a Ballot for voting to accept or reject
the plan. All Ballots must be received by the Debtors' voting agent
no later than 4:00 p.m. (Eastern Time) on Jan. 31, 2017.

Objections and responses to confirmation of the plan must be in
writing and filed and served no later than 4:00 p.m. (Eastern Time)
on Jan. 31, 2017.

As previously reported, unsecured creditors will either receive a
distribution of 45% in cash or 41%-48% new common stock under the
plan.

The Debtors believe that they will have sufficient cash resources
to make the payments required pursuant to the plan, repay and
service debt obligations, and maintain operations on a
going-forward basis.

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

        http://bankrupt.com/misc/nysb16-10429-1312.pdf

                   About Republic Airways

Based in Indianapolis, Indiana, Republic Airways Holdings Inc.,
(OTCMKTS:RJETQ) owns Republic Airline and Shuttle America
Corporation. Republic Airline and Shuttle America --
http://www.rjet.com/--offerapproximately 1,000 flights daily
to 105 cities in 38 states, Canada, the Caribbean and the Bahamas
through Republic's fixed-fee codeshare agreements under our major
airline partner brands of American Eagle, Delta Connection and
United Express. The airlines currently employ about 6,000
Aviation professionals.

Republic Airways Holdings Inc. and six affiliated debtors each
filed a voluntary petition for relief under Chapter 11 of the
United States Bankruptcy Code (Bankr. S.D.N.Y. Lead Case No.
16-10429) on Feb. 25, 2016. The petitions were signed by Joseph
P.
Allman as senior vice president and chief financial
officer. Judge
Sean H. Lane has been assigned the cases.

As of Jan. 31, 2016, on a consolidated basis, Republic had assets
and liabilities of $3,561,000,000 and $2,971,000,000 (unaudited),
respectively.

Zirinsky Law Partners PLLC and Hughes Hubbard & Reed LLP are
serving as Republic's legal advisors in the restructuring. Seabury
Group LLC is serving as financial advisor. Deloitte & Touche LLP is
the independent auditor. Prime Clerk is the claims and noticing
agent.

The U.S. Trustee for Region 2 appointed seven creditors of Republic
Airways Holdings Inc. to serve on the official committee of
unsecured creditors. The Committee retained Morrison & Foerster LLP
as attorneys and Imperial Capital, LLC, as investment banker and
co-financial advisor. 


RESOLUTE ENERGY: Inks Underwriting Pact With BMO Capital, et al.
----------------------------------------------------------------
Resolute Energy Corporation entered into an underwriting agreement
with BMO Capital Markets Corp. and Goldman, Sachs & Co., as
representatives of the several underwriters named therein in
connection with the issuance and sale of 3,800,000 shares of the
Company's common stock, par value $0.0001 per share, in a public
offering, at a purchase price per share to be paid to the Company
of $36.9075 (the offering price to the public of $38.00 per share
minus the underwriting discount and commissions of $1.0925 per
share).  

Pursuant to the Underwriting Agreement, the Company granted the
Underwriters an option to purchase up to an additional 570,000
Shares for a period of 30 days from the date of the Underwriting
Agreement.  On Dec. 21, 2016, the Underwriters exercised in full
their option to purchase 570,000 additional Shares, bringing the
total offering to 4,370,000 Shares.  The net proceeds from the
offering will be approximately $160.8 million, after deducting the
underwriting discount and commissions and other estimated offering
expenses payable by the Company.  The Company expects the
transaction, including the sale of the additional 570,000 Shares
pursuant to the option exercised by the Underwriters, to close on
or about Dec. 23, 2016.

The Shares will be offered and sold pursuant to the Company's
effective Registration Statement on Form S-3 (Registration No.
333-214480), previously filed with the Securities and Exchange
Commission.

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

Certain of the Underwriters or their affiliates have from time to
time provided investment banking, commercial banking and financial
advisory services to the Company, for which they have received
customary compensation.  The Underwriters and their affiliates may
provide similar services in the future.  Affiliates of BMO Capital
Markets Corp., Barclays Capital Inc., Capital One Securities, Inc.
and SunTrust Robinson Humphrey, Inc. are lenders under the
Company's Second Amended and Restated Credit Agreement, as
amended.

                 About Resolute Energy Corporation

Resolute Energy Corp. -- http://www.resoluteenergy.com/-- is an
independent oil and gas company focused on the acquisition,
exploration, exploitation and development of oil and gas
properties, with a particular emphasis on liquids focused,
long-lived onshore U.S. opportunities.  Resolute's properties are
located in the Paradox Basin in Utah and the Permian Basin in Texas
and New Mexico.

Resolute reported a net loss of $742 million in 2015, a net loss of
$21.9 million in 2014, and a net loss of $114 million in 2013.

As of Sept. 30, 2016, Resolute Energy had $294.9 million in total
assets, $634.0 million in total liabilities, and a total
stockholders' deficit of $339.1 million.

                          *    *    *

As reported by the TCR on Sept. 26, 2016, Moody's Investors
Service, upgraded Resolute Energy's Corporate Family Rating (CFR)
to 'Caa2' from 'Caa3', the Probability of Default Rating to Caa2-PD
from Caa3-PD and its senior unsecured notes rating to 'Caa3' from
'Ca'.  The Speculative Grade Liquidity rating was affirmed at
SGL-3.  The rating outlook was changed to positive from stable.

"The upgrade to Caa2 reflects Resolute's improved production and
drilling economics, which provide good visibility to continued
growth in a mid $40s oil price environment without increasing debt.
While leverage remains high, we expect moderation in the company's
reserve- and production-based debt metrics from significant
production growth at very competitive drillbit costs," noted John
Thieroff, Moody's VP-senior analyst.

Resolute Energy carries a 'CCC-' corporate credit rating,
with a negative outlook, from S&P Global Ratings.


ROMEO'S PIZZA: U.S. Trustee Unable to Appoint Committee
-------------------------------------------------------
An official committee of unsecured creditors has not yet been
appointed in the Chapter 11 case of Romeo's Pizza Express, Inc. as
of Dec. 23, according to a court docket.

Romeo's Pizza Express, Inc., filed a chapter 11 petition (Bankr.
S.D. Fla. Case No. 16-24817) on Nov. 1, 2016.  The petition was
signed by Antonio Manglaviti, president and managing partner.  The
Debtor is represented by Malinda L. Hayes, Esq., at Markarian Frank
White-Boyd & Hayes.  The Debtor estimated assets and liabilities at
$500,001 to $1 million at the time of the filing.


RYAN EXCAVATING: Wants Plan Filing Deadline Moved to Jan. 23
------------------------------------------------------------
Ryan Excavating LLC is asking the U.S. Bankruptcy Court for the
Northern District of Illinois to extend to Jan. 23, 2017, the
deadline to file the Debtor's disclosure statement and plan of
reorganization.

The Debtor is a small business case and is required to file a plan
and a disclosure statement within 300 days of filing for Chapter 11
bankruptcy protection.  The 300 days will expire on Feb. 9, 2017.


The Court previously set a deadline of Oct. 24, 2016, and extended
it to Nov. 15, 2016.

The Debtor has been working on preparing projections to be used in
preparing the disclosure statement, but has been unavailable to
complete the same within the deadlines previously set.

The Debtor is current with its reporting obligations and other
obligations under the U.S. Bankruptcy Code.  The Debtor's monthly
operating reports indicate that the Debtor has a positive cash
position since filing.  The Debtor requests a final continuance to
prepare and file an appropriate plan and disclosure statement.

                      About Ryan Excavating

Ryan Excavating LLC filed a Chapter 11 petition (Bankr. N.D. Ill.
Case No. 16-12921) on April 15, 2016, is represented by Richard G.
Larsen, Esq., at Springer Brown, LLC, in Wheaton, Illinois, and
estimated its assets and liabilities at less than $1 million at the
time of the filing.  The petition was signed by Ryan Bright,
president.  The case judge is Judge Jacqueline P. Cox.


S-3 PUMP SERVICE: Ally Bank Tries To Block Plan Outline Approval
----------------------------------------------------------------
Secured creditor Ally Bank filed with the U.S. Bankruptcy Court for
the Western District of Louisiana an objection to the approval of
S-3 Pump Service, Inc.'s amended disclosure statement and
confirmation of the amended reorganization plan.

The Secured Creditor is the holder of (i) a certain retail
installment contract dated Feb. 24, 2014, whereby the Debtor
purchased from Landers Dodge Chrysler Jeep a certain 2013 Dodge Ram
2500 Truck; and (ii) a certain Retail Installment Contract dated
Feb. 24, 2014, whereby the Debtor purchased from Landers Dodge
Chrysler Jeep a certain 2013 Dodge Ram Truck.  The Secured Creditor
avers that although the Debtor has paid Secured Creditor
postpetition adequate protection payments, the Debtor is in default
for each remaining unpaid post-petition installment.  The net
balance due to Secured Creditor as of Dec. 14, 2016, was $18,385.32
with interest continuing to accrue at the per diem rate of $1.72
per day.  The Secured Creditor is fully secured.

The Debtor, according to the Secured Creditor, has filed an Amended
Disclosure Statement and Amended Plan of Reorganization which
incorporate certain treatment of Secured Creditor's secured claims
as an impaired creditor and seeks to materially alter the terms and
conditions of the contracts.

The Secured Creditor claims that:

     a.  in the Treatment, the Debtor provides for payment of
         Secured Creditor's allowed Class 18 Claim and maintains
         in effect Secured Creditor's security interest until full

         payment of the Class 18 Claim.  This treatment is
         satisfactory as having been agreed upon in conferences
         And e-mail messages between respective counsel for the
         parties.  However, the Treatment adds a contradictory
         provision near the end of the Treatment that calls for
         release of the security interests upon payment of the     
    
         Class 18 Secured Claim.  The Secured Creditor objects to
         this portion of the Treatment;

      b. the Secured Creditor objects to the values assigned by
         the Debtor to the vehicles.  The Debtor suggests without
         substantiation that each vehicle is valued at $12,000,
         thereby seeking to substantially limit Secured Creditor's

         claim;

      c. the Secured Creditor submits that each of the vehicles is

         essentially identical in every respect to the other, a
         fact demonstrated by the fact that their manufacturer's
         serial numbers are one digit apart;

      d. the Secured Creditor submits that a 6 month average of
         NADA retail values reflect a range of value between
         $33,675 to $37,200, all as will more fully appear by
         reference to the NADA valuations;

      f. contractual rights and remedies against Malcolm Sneed,
         third party guarantor under Contract 1 and Contract 2,
         are not acknowledged in Debtor's Amended Disclosure
         Statement or Amended Reorganization Plan.  The
         contractual rights and remedies are separate and apart
         from these proceedings and no consideration is provided
         to the Secured Creditor to surrender its rights.  The
         Secured Creditor is entitled to all rights and remedies
         contained in the Contracts as to payment and performance
         under non-bankruptcy law, notwithstanding any of the
         terms and conditions of the Debtor's Disclosure Statement

         or Reorganization Plan.

A copy of the Objection is available at:

          http://bankrupt.com/misc/lawb16-10383-320.pdf

The Secured Creditor is represented by:

         Arthur S. Mann, III, Esq.
         Earl F. Sundmaker, III, Esq.
         Gregory J. Walsh, Esq.
         THE SUNDMAKER FIRM, L.L.C.
         1027 Ninth Street
         New Orleans, LA 70115
         Tel: (504) 568-0516
         E-mail: arthur@sundmakerfirm.com
                 trey@sundmakerfirm.com
                 greg@sundmakerfirm.com

S-3 Pump Service, Inc., provider of high-pressure pumping service,
filed a Chapter 11 bankruptcy petition (Bankr. W.D. La. Case No.
16-10383) on March 4, 2016.  The petition was signed by Malcolm
H. Sneed, III, the president.  Judge Jeffrey P. Norman is assigned
to the case.

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

Blanchard, Walker, O'Quin & Roberts serves as the Debtor's counsel.


SANDIA DISTRIBUTOR: Disclosures OK'd; Plan Hearing on Feb. 7
------------------------------------------------------------
The Hon. Scott H. Gan of the U.S. Bankruptcy Court for the District
of Arizona has approved the Official Committee of Unsecured
Creditors combined disclosure statement and plan for Sandia
Distributor, Inc.

A hearing to consider the confirmation of the Plan is scheduled for
Feb. 7, 2017, at 2:00 p.m.

Jan. 6, 2017, is the deadline for the Committee to serve the
Combined Disclosure Statement and Plan, and ballots on creditors
and parties-in-interest.

Jan. 24, 2017, at 5:00 p.m. (mst) is the deadline for parties to
submit ballots.  It is also the deadline for parties-in-interest to
file and serve objections to confirmation of the Combined
Disclosure Statement and Plan.

Jan. 31, 2017, is the deadline for the Committee to file summary of
ballots.  It is also the deadline for the Committee to file replies
to objections to confirmation of the Combined Disclosure Statement
and Plan and the deadline for the Committee to file a brief
regarding confirmation of the Combined Disclosure Statement and
Plan.

                       About Sandia Distributor

Sandia Distributors, Inc., filed a Chapter 11 bankruptcy petition
(Bankr. D. Ariz. Case No. 15-12314) on September 25, 2015,
disclosing under $1 million in both assets and liabilities.  The
Debtor is represented by Eric Ollason, Esq.


SCOTT COUNTY HOSPITAL: Rennova Health to Acquire Assets
-------------------------------------------------------
Rennova Health, Inc., a vertically integrated provider of
industry-leading diagnostics and supportive software solutions to
healthcare providers, on Dec. 27, 2016, disclosed that it has
entered into an Asset Purchase Agreement and paid a deposit to
acquire certain assets related to Scott County Hospital, based in
Oneida, Tennessee.

Prior to closing in July 2016, Scott County Hospital was classified
as a Critical Access Hospital (rural), had 25 beds, operating rooms
and a Laboratory that provided a complement of ancillary diagnostic
services, as well as an emergency department capable of operating
24/7.  The purchase includes a 52,000 sq. ft. hospital building and
6,300 sq. ft. professional building on approximately 4.3 acres.
The hospital was one of a group of seven hospitals that entered
Chapter 11 bankruptcy in early 2016.

Rennova entered into an agreement to acquire the assets out of
bankruptcy for approximately $1,000,000, which includes $400,000
owed to a local bank that has a lien on the property.  The
bankruptcy court issued an order on December 23rd thereby making
the purchase agreement effective. Closing of the purchase is
expected to take place in early January 2017.  The hospital has a
number of licenses that need to be reinstated and is party to a
number of in-network contracts with payers.  Subject to obtaining
requisite government and other approvals and licenses, Rennova
believes the hospital will reopen in part in the 2nd quarter of
2017 and is working towards having the hospital in full operation
by the 3rd quarter of 2017.

The hospital had unaudited annual revenues of approximately $12
million for 2015.  These revenues were attributable to the typical
services of a rural acute care hospital, including emergency room
visits, outpatient procedures, diagnostic ancillary tests, physical
therapy and inpatient hospital stays.  Based on the hospital's
historical information, Rennova believes it offers a predictable
patient base with predictable revenues as it serves the general
healthcare needs of its community and supports local physicians.

"This acquisition is further demonstration of Rennova's efforts to
grow our business in a direction that will secure more predictable,
recurring revenue for the provision of health care services and our
state of the art solutions," said Seamus Lagan, CEO of Rennova.  "A
Rural Critical Access Hospital creates certain opportunities for
Rennova to leverage its existing knowledge and services for the
benefit of the hospital and surrounding physicians.  We have hired
specific expertise to oversee this project and believe we can
reinstate the majority of the team from the local community that
previously operated the hospital successfully.  We look forward to
proving and expanding this rural hospital model in the coming
years."

                   About Rennova Health, Inc.

Rennova Health -- http://www.rennovahealth.com/-- provides
industry-leading diagnostics and supportive software solutions to
healthcare providers, delivering an efficient, effective patient
experience and superior clinical outcomes.  Through an
ever-expanding group of strategic brands that work in unison to
empower customers, we are creating the next generation of
healthcare.


SEMINOLE TRACKS: Case Summary & 20 Largest Unsecured Creditors
--------------------------------------------------------------
Debtor: Seminole Tracks, Inc.
        c/o Pavia & Harcourt LLP
        230 Park Avenue
        New York, NY 10169

Case No.: 16-10583

Chapter 11 Petition Date: December 13, 2016

Court: United States Bankruptcy Court
       Middle District of Florida (Ft. Myers)

Judge: Hon. Caryl E. Delano

Debtor's Counsel: Andrew M Brumby, Esq.
                  SHUTTS & BOWEN LLP
                  300 South Orange Avenue, Suite 1000
                  Orlando, FL 32801
                  Tel: (407) 835-6901
                  Fax: (407) 849-7201
                  E-mail: abrumby@shutts-law.com

                     - and -

                  Ryan C Reinert, Esq.
                  SHUTTS & BOWEN LLP
                  4301 W Boy Scout Blvd, Ste 300
                  Tampa, FL 33607
                  Tel: 813-289-8900
                  Fax: 813-289-8901
                  E-mail: rreinert@shutts.com

                     - and -

                  Larry I Glick, Esq.
                  SHUTTS & BOWEN LLP
                  200 South Biscayne Boulevard
                  Suite 4100
                  Miami, FL 33131
                  Tel: (305) 358-6300
                  E-mail: lglick@shutts.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Fabio Soldati, president.

The Debtor listed United Rentals, Inc. as its unsecured creditor
holding an unknown amount of claim.

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

          http://bankrupt.com/misc/flmb16-10583.pdf


SIDNEY TRANSPORTATION: Unsecureds To Get 26K Per Year For 5 Years
-----------------------------------------------------------------
Sidney Transportation Services LLC, et al., filed with the U.S.
Bankruptcy Court for the Northern District of Ohio a disclosure
statement and plan of reorganization, a full-text copy of which is
available at:

         http://bankrupt.com/misc/ohnb16-32270-108.pdf 

Under the plan, the Debtor is proposing to contribute the aggregate
sum of $26,366 per year, for a period of 5 years, for distribution,
on a pro-rata basis, to unsecured creditors in Class 9 holding
allowed claims. The aggregate amount of this distribution is
$131,833. The Distribution Amount constitutes 25% of the Debtor's
projected net profits for the ensuing five years.

The Distribution Amount, and each claimant's pro-rata share
thereof, will be made over a period of 5 years, in 60 equal monthly
payments, commencing on first month following the Effective Date of
the Debtor's proposed plan, and continuing each month thereafter,
until all required payments are complete. The total estimated
monthly payment for distribution, pro rata, to allowed general
unsecured claims is $2,197. The monthly payments, under the
Debtor's proposed Plan, shall be due by the 5th day of every month,
or if such date falls on a weekend or legal Federal Holiday, then
on the first business day thereafter.

The Reorganized Debtor will continue the operations and continue in
the same line of business as prior to the commencement of this
case. It is anticipated that the revenue derived from the
Reorganized Debtor's business operations will enable the
Reorganized Debtor to satisfy its obligations under the confirmed
plan.

           About Sidney Transportation Services

Sidney Transportation Services, LLC, sought protection under
Chapter 11 of the Bankruptcy Code (Bankr. N. D. Ohio Case No.
16-32270) on July 18, 2016.  The petition was signed by Steven
Woodruff, owner/managing member.  The case is assigned to Judge
John P. Gustafson.  The Debtor is represented by Eric R. Neuman,
Esq., at Diller and Rice, LLC.  At the time of the filing, the
Debtor estimated its assets at $500,000 to $1 million and debt at
$1 million to $10 million.


SKYHIGH PROPERTY: Wants to Use Cash Collateral Through July 5
-------------------------------------------------------------
Skyhigh Property LLC asks the U.S. Bankruptcy Court for the Eastern
District of California for authorization to use cash collateral,
from Jan. 1, 2017 through July 5, 2017, or the date on which a Plan
is confirmed.

The Debtor was previously authorized by the Court to use cash
collateral through
Dec. 31, 2016.

The Debtor's sole business is the ownership of commercial real
estate in the North Natomas area of Sacramento, California.  Its
real estate consists of a free-standing building in a strip center,
leased to a restaurant.  The Debtor currently leases the entirety
of the Property to Oshima Sushi, Inc., an entity owned by Ming Le,
the Debtor's principal.  Oshima's current rent is $26,000 per
month.

DCR Mortgage VI, Sub I, LLC and the United States Small Business
Administration have security interests in the Rents pursant to
their deeds of trust encumbering the Property.

The Debtor owes DCR Mortgage VI approximately $2,264,655, and the
SBA approximately $1,362,079.

The Debtor's proposed Budget contemplates monthly expenditures of
$19,893, of which $19,218 will be paid to DCR Mortgage VI and to
taxing authorities.  The Budget provides for monthly payments of
$675.38 to other ordinary course creditors.

The Debtor proposes to grant DCR Mortgage VI and the SBA with
replacement liens on future Rents in the same priority and to the
same extent and validity as their liens existed prepetition.

A full-text copy of the Debtor's Motion, dated Dec. 21, 2016, is
available at
http://bankrupt.com/misc/SkyhighProperty2016_1623223_77.pdf

                  About Skyhigh Property LLC

Headquartered in Sacramento, California, Skyhigh Property LLC's
sole business is the ownership of the Natomas property, commercial
real estate, a free-standing building in a strip center in the
North Natomas area of Sacramento.  The Natomas Property has been
leased for many years to Oshima Sushi, Inc., an entity owned by
Ming Le, the principal of the Debtor.  Oshima Sushi, in turn,
operates a restaurant on the leased premises known as Oshima
Sushi.

Skyhigh Property filed for Chapter 11 bankruptcy protection (Bankr.
E.D. Cal. Case No. 16-23223) on May 17, 2016.  The petition was
signed by Ming Le, managing member.  The Debtor is represented by
Howard S. Nevins, Esq., at Hefner, Stark & Marois, LLP.  The case
is assigned to Judge Robert S. Bardwil.  The Debtor disclosed $2.06
million in total assets and $3.86 million in total liabilities.


SKYVIEW ACADEMY: S&P Affirms 'BB+' Rating on Outstanding Debt
-------------------------------------------------------------
S&P Global Ratings revised its outlook on Colorado Educational &
Cultural Facilities Authority's series 2014 charter school revenue
and refunding bonds, issued for SkyView Academy, to negative from
stable.  At the same time, S&P Global Ratings affirmed its 'BB+'
long-term rating on SkyView Academy's debt outstanding.

"The negative outlook reflects our view that the school's coverage
levels have fallen below levels typical for the 'BB+' rating level
in fiscal 2016, following improvement in fiscal 2015, due primarily
to an increase in instructional costs," said S&P Global Ratings
credit analyst Brian Marshall.

Given the school's good demand profile and other favorable
enterprise profile measures, S&P believes that SkyView's financial
profile may improve to levels more consistent with the rating.

More specifically, the rating reflects S&P's assessment of the
school's:

   -- History of growing enrollment bolstered by good faculty
      retention, a solid wait list, and a strong academic profile;

   -- Increased per-pupil funding from the State of Colorado in
      fiscal 2016, with similar levels of support expected in
      fiscal 2017;

   -- Experienced management team that is looking to gradually
      expand SkyView to its full operating capacity over the next
      five years since all major capital needs are now completed;
      and

   -- Improved liquidity to 78 days' cash on hand for fiscal 2016,

      which is good for the rating category.

Factors that partially offset the preceding credit strengths
include:

   -- Below-average maximum annual debt service (MADS) coverage
      for the rating level at 0.94x based on fiscal 2016 results;

   -- A high MADS burden of 16.7%, although SkyView has no
      additional debt plans at this time; and

   -- The inherent risks associated with charter schools,
      including the possibility that SkyView's charter could be
      revoked.

SkyView is a prekindergarten-through-12th grade (pre-K-12) charter
school situated on one campus in Highland Ranch (Douglas County),
Colo., approximately 15 miles south of Denver.

The negative outlook reflects S&P's view that MADs coverage has
fallen below 1x for fiscal 2016 which is no longer consistent for
the 'BB+' rating level.  The outlook also reflects S&P's
expectation that enrollment will remain steady with possible
growth, demand will continue to be strong, and cash levels will
remain stable to growing.

S&P would consider a negative rating action within the one-year
outlook period if MADs coverage levels do not improve to levels
more commensurate for the 'BB+' rating level, demand and enrollment
weakens, or cash levels declines substantially.  S&P would also
view negatively additional debt without improvement in operations
or cash.

S&P would consider revising the outlook to stable within the
one-year outlook period if operations improved such that MADS
coverage was more commensurate with the 'BB+' rating median.  S&P
would also view positively increases to days' cash on hand.


SOLID ROCK: Case Summary & 3 Unsecured Creditors
------------------------------------------------
Debtor: Solid Rock Holdings, LLC
        18525 Interstate 30
        Benton, AR 72015-2708

Case No.: 16-16828

Chapter 11 Petition Date: December 27, 2016

Court: United States Bankruptcy Court
       Eastern District of Arkansas (Little Rock)

Judge: Hon. Richard D. Taylor

Debtor's Counsel: Charles Darwin "Skip" Davidson, Esq.
                  DAVIDSON LAW FIRM
                  P. O. Box 1300
                  Little Rock, AR 72203-1300
                  Tel: (501) 374-9977
                  Fax: (501) 374-5917
                  E-mail: skipd@dlf-ar.com

Total Assets: $4.08 million

Total Liabilities: $2.61 million

The petition was signed by Scott A. McElroy, managing member.

A copy of the Debtor's list of three unsecured creditors is
available for free at http://bankrupt.com/misc/areb16-16828.pdf


SOTHEBY'S: Egan-Jones Lowers Sr. Unsecured Ratings to BB+
---------------------------------------------------------
Egan-Jones Ratings Company, on Dec. 7, 2016, downgraded the senior
unsecured ratings on debt issued by Sotheby's to BB+ from BBB-.

Sotheby's is a British multinational corporation headquartered in
New York City.  It is one of the largest brokers of fine and
decorative art, jewelry, real estate, and collectibles.



SPI ENERGY: KPMG Huazhen LLP Raises Going Concern Doubt
-------------------------------------------------------
SPI Energy Co., Ltd., filed with the U.S. Securities and Exchange
Commission its amended annual report on Form 20-F/A, disclosing a
net loss of $185.08 million on $190.51 million of net sales for the
year ended December 31, 2015, compared to a net loss of $5.20
million on $91.64 million of net sales for the year ended December
31, 2014.

KPMG Huazhen LLP in Shanghai, China, issued a "going concern"
qualification on the consolidated financial statements, stating
that the Group has suffered significant losses from operations and
has a negative working capital as of December 31, 2015.  In
addition, the Group has substantial amounts of debt that will
become due for repayment in 2016.

The Company's balance sheet at December 31, 2015, showed total
assets of $709.57 million, total liabilities of $493.01 million,
and a stockholders' equity of $216.56 million.

A full-text copy of the Company's Form 20-F/A is available at:
                
                   https://is.gd/0Wp85f

SPI Energy Co., Ltd., and its subsidiaries is a provider of
photovoltaic ("PV") solutions for business, residential, government
and utility customers and investors.  The Group provides a full
spectrum of engineering, procurement and construction services
("EPC") to third party project developers, as well as develop, own
and operate solar PV projects that sell electricity to the grid in
multiple countries in Asia, North America and Europe.


STONE ENERGY: Thomas Satterfield Reports 8.96% Stake as of Dec. 21
------------------------------------------------------------------
In a Schedule 13G filed with the Securities and Exchange
Commission, Thomas A. Satterfield, Jr. disclosed that as of Dec.
21, 2016, he beneficially owns 510,036 shares of common stock of
Stone Energy Corporation representing 8.96 percent based on
5,690,253 shares of Common Stock of Stone Energy Corporation
outstanding as of Nov. 17, 2016.  A full-text copy of the
regulatory filing is available for free at https://is.gd/i9IMpr

                     About Stone Energy

Stone Energy Corp. is an independent oil and natural gas
exploration and production company headquartered in Lafayette,
Louisiana with additional offices in New Orleans, Houston and
Morgantown, West Virginia.  Stone is engaged in the acquisition,
exploration, development and production of properties in the Gulf
of Mexico and Appalachian basins.  For additional information,
contact Kenneth H. Beer, chief financial officer, at 337-521-2210
phone, 337-521-9880 fax or via e-mail at CFO@StoneEnergy.com

As of Dec. 31, 2015, the Debtors' estimated proved oil and gas
reserves, as determined by Netherland Sewell & Associates, were
approximately 57 million barrels of oil equivalent ("MMBoe"), or
approximately 342 billion cubic feet of gas equivalent ("Bcfe")
compared to Dec. 31, 2014, estimated proved oil and gas reserves of
approximately 153 MMBoe, or approximately 915 Bcfe.  Stone Energy
had 247 employees as of the bankruptcy filing.

Stone Energy Corp. and two affiliates sought Chapter 11 protection
(Bankr. S.D. Tex. Case Nos. 16-36390, 16-36391 and 16-36392) on
Dec. 14, 2016, to pursue a prepackaged plan of reorganization.

Judge Marvin Isgur is assigned to the cases.

The Debtors hired Latham & Watkins LLP as general counsel, Porter
Hedges LLP as local counsel; Alvarez & Marsal North America, LLC as
financial advisor; Lazard Freres & Co. LLC, as investment banker;
and Epiq Bankruptcy Solutions, LLC as claims, noticing,
solicitation and balloting agent.


SUMMIT MIDSTREAM: S&P Raises Rating on Sr. Unsecured Debt to B+
---------------------------------------------------------------
S&P Global Ratings said that it has reviewed its recovery and
issue-level ratings on C 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 '4' from '5', reflecting S&P's expectation of average
(30%-50%; lower half of the range) in the event of a payment
default.

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 rating.

Ratings list

Issue Ratings Raised, Recovery Ratings Revised Due To Revised
Recovery Rating Criteria For Speculative-Grade Corporate Issuers
                                           To           From
Summit Midstream Finance Corp.
Summit Midstream Holdings LLC
Senior Unsecured                          B+           B
  Recovery Rating                          4L           5L


SUNDEVIL POWER: Wins Plan Confirmation, Exits Ch.11 the Next Day
----------------------------------------------------------------
The Bankruptcy Court for the District of Delaware on Dec. 22, 2016,
entered an order confirming the Amended Joint Chapter 11 Plan of
Liquidation of Sundevil Power Holdings, LLC, et al.

The Debtors declared the Plan effective the next day.

On Dec. 27, Bankruptcy Judge Kevin J. Carey entered a final decree
closing SPH Holdco's case.

As reported by the Troubled Company Reporter, Sundevil and
affiliate SPH Holdco's Joint Chapter 11 plan contemplate the
liquidation of the Debtors' assets that remain following the
closing of the sale of substantially all of the Debtors' assets,
and distribution of the proceeds of the liquidation to creditors.

Sundevil informed the Bankruptcy Court in May that they have
accepted a purchase offer from CLMG Corp., on behalf of itself and
Beal Bank USA.  The Bankruptcy Court approved that deal in August.

Beal Bank, Sundevil's prepetition lender, also extended $45 million
in DIP financing.

Matt Chiappardi, writing for Bankruptcy Law360, said the sale to
creditors canceled out more than $200 million in debt.

The Debtors were slated to close upon the sale of substantially all
of their assets in December subject to the timing of receipt of the
requisite approvals from the Federal Energy Regulatory Commission.

Under the Plan, Class 5 - General Unsecured Claims, estimated to
total $21 million, will receive no distribution.  Class 5 is
impaired and are conclusively presumed to have rejected the Plan.
Therefore, holders of Class 5 Claims are not entitled to vote to
accept or reject the Plan.

Holders of the Secured Lender Claim, and the DIP Lenders, have
credit bid in an amount equal to their entire DIP Claim, estimated
to total $234,115,321.55.  In full and final satisfaction of the
remaining Secured Lender Claim, the holders of the Secured Lender
Claim will receive any excess cash from the Wind-Down Amount after
the payment in full of all Allowed Administrative Expense Claims,
all Allowed Accrued Professional Compensation Claims, all Allowed
Priority Tax Claims, and all Allowed Other Priority Claims and
Plan
Expenses.

The U.S. Trustee filed a limited objection, targeting the Plan's
overbroad exculpation clause set forth in section 11.8 of the Plan,
saying it is not consistent with the requirements of the Bankruptcy
Code and applicable case law.

A full-text copy of the Disclosure Statement dated November 18,
2016, is available at http://bankrupt.com/misc/deb16-10369-377.pdf


The Plan and Disclosure Statement were filed by Steven K.
Kortanek,
Esq., Patrick A. Jackson, Esq., and Joseph N. Argentina, Jr.,
Esq.,
at Drinker Biddle & Reath LLP, in Wilmington, Delaware.

                      About Sundevil Power Holdings, LLC

Merchant power generators Sundevil Power Holdings, LLC and SPH
Holdco LLC sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. D. Del. Case Nos. 16-10369 and 16-10370,
respectively), on Feb. 12, 2016. The petitions were signed by
Blake
M. Carlson as authorized signatory.

Sundevil Power Holdings, LLC, owns natural gas-fired power plants.

The Company was incorporated in 2010 and is based in Wayzata, MN.
The Debtors are merchant power generators through Sundevil's
ownership of two of the four 550 megawatt natural gas-fired power
blocks of the Gila River Power Station, located in Gila Bend,
Arizona.  Sundevil and the other power block owners sell energy
into the Southwest electric power market, specifically the
sub-region of Arizona, New Mexico, and Southern Nevada known as
the
Desert Southwest.  Most of Sundevil's output is sold at the Palo
Verde hub and to California Independent System Operator.  Sundevil
also sells capacity to CAISO and is capable of reaching other
market hubs like Mead (Southern Nevada) and Four Corners.  The
Debtors estimated assets in the range of $100 million to $500
million and liabilities of at least $100 million.

The Debtors have engaged Vinson & Elkins LLP as legal counsel,
Drinker Biddle & Reath LLP as Delaware counsel, and Garden City
Group as claims and noticing agent.

Judge Kevin J. Carey is assigned to the case.

Bayard PA's Justin R. Alberto, Esq., has been appointed as Fee
Examiner.


SUNEDISON INC: CEO Urges Court to Reject Panel's Litigation Bid
---------------------------------------------------------------
Matt Chiappardi, writing for Bankruptcy Law360, reported that John
S. Dubel, the CEO of bankrupt SunEdison Inc., testified during a
hearing in Manhattan bankruptcy court on Dec. 22 that he believes
the renewable energy giant may have "substantial" and plausible
claims against its yieldco subsidiaries, and allowing unsecured
creditors to pursue them derivatively would short-circuit a joint
process seeking sale or reorganization.

As reported by the Troubled Company Reporter, the Creditors
Committee is seeking standing to commence avoidance actions against
TerraForm Power, Inc. and TerraForm Global, Inc., and each of their
respective direct and indirect subsidiaries.  The Committee asserts
that the Debtors have unjustifiably refused to bring suit against
the Yieldcos.  

The Debtors have indicated in court papers that only they -- and
not the Committee -- owe fiduciary duties to the estates as a whole
-- the Committee only owes duties to unsecured creditors.  And the
Debtors strongly disagree with the Committee's self-interested and
value-destructive "sue now" approach.

                       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.


SUNEDISON INC: Shareholders Seek Appointment of Equity Committee
----------------------------------------------------------------
Several common shareholders of SunEdison Inc. have sent letters to
the Hon. Judge Stuart M. Bernstein asking the Bankruptcy Court to
consider the appointment of an official committee of equity
security holders in the Chapter 11 cases of SunEdison Inc.

One of those letters, from Ali Abidi, says:

"DANGER!! Even after Evidence has stacked against them, Debtors
continue to delay the already super-delayed Financials (10K/10Qs)
and plan to sell off YieldCos for pennies on the dollar, and wipe
out common Shareholders before the incriminating 10K/10Qs can be
filed. Please apply TREMENDOUS PRESSURE on Debtors to release 10K
and 10Qs. And please support us for OEC (Official Equity
Committee)."

He also said, "we common shareholders, posit/urge that the best way
forward is to MERGE SUNE, TERP, and GLBL. It will remove need for
intra-companies litigation, and time/funds wastage. It will create
an entity that is much more valuable than its sum of parts, and it
will be fair to all. Please give us OEC. Thanks."

TERP is Terraform Power, Inc. and GLBL is Terraform Global, Inc.

                       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.


TANDOORI AT TRANSIT: Can Use Cash Collateral Through March 31
-------------------------------------------------------------
Judge Carl L. Bucki of the U.S. Bankruptcy Court for the Western
District of New York, authorized the Debtor Tandoori at Transit,
Inc. to use cash collateral in which the Internal Revenue Services,
the New York State Department of Taxation and Finance, Rewards
Network Establishment Services Inc., Foxtrot Capital, and Tango
Capital have or claim liens, through March 31, 2017.

Judge Bucki granted the Secured Creditors with rollover replacement
liens in post-petition assets of the Debtors of the same priority
and on the same types and kinds of collateral as they possessed
pre-petition, to the extent of cash collateral actually used.

As additional adequate protection, the Debtor was directed to make
adequate protection payments to the IRS in the amount of $500 every
other week, commencing on March 22, 2016; and to NYS Tax in the
amount of $500 every other week commencing on March 29, 2016.

A further hearing on the Debtor's continued use of cash collateral
after March 31, 2017 will be held on March 27, 2017 at 10:00 a.m.

A full-text copy of the Order, dated December 20, 2016, is
available at https://is.gd/3o6UCC

                      About Tandoori at Transit

Tandoori at Transit, Inc. is based in Williamsville, New York, and
operates a restaurant and banquet hall facilities serving Royal
Indian cuisine.  It sought Chapter 11 protection (Bankr. W.D. N.Y.
Case No. 16-10413) on March 7, 2016.  At the time of filing,
Tandoori at Transit estimated $50,000 to $100,000 in assets and $1
million to $10 million in debt.

Ravi Sabharwal, vice-president of Tandoori at Transit, sought
Chapter 11 protection (Bankr. W.D.N.Y. Case No. 16-10362) on Feb.
29, 2016.  His wife, Rita Sabharwal, owns 100 percent of the stock
and is the chief executive officer of Tandoori at Transit.  

On March 28, 2016, the court ordered the joint administration of
the cases.  The Debtors are represented by Daniel F. Brown, Esq.,
at Andreozzi, Bluestein, Weber, Brown, LLP.


TANDOORI AT TRANSIT: Has Until May 1 to File Small Business Plan
----------------------------------------------------------------
Judge Carl L. Bucki of the U.S. Bankruptcy Court for the Western
District of New York extended Tandoori at Transit, Inc. and Ravi
Sabharwal's exclusive period for filing a small business plan and
disclosure statement to May 1, 2017.

The Debtors previously sought the extension of their exclusive
period for filing a small business plan and disclosure statement to
July 3, 2017.

The Debtors related that certain sales tax audit claims of New York
State Department of Taxation and Finance were the subject of
ongoing administrative proceedings with NYS Tax.  The Debtors
further related that they were disputing the assertion of NYS Tax
of pre-petition audit claims against the Debtor Tandoori for
priority sales taxes and interest and general unsecured claims for
pre-petition penalties, in addition to liens which it had filed
against the Debtor Tandoori pre-petition.

The Debtors told the Court that the resolution of the NYS Tax sales
tax audit may have a material impact on the amounts which the
Debtors would be able to or be required to pay to their creditors
through their Joint Chapter 11 Plan.

The Debtors related that since the commencement of the cases, the
Debtor Tandoori's principals have had discussions with several
individuals and groups regarding potential new equity investments
in Tandoori's restaurant business, as well as a potential sale of
the business.  The Debtors further related that Debtor Tandoori's
principals have also had discussions with potential lenders
regarding potentially refinancing the mortgage on the real property
in Williamsville, New York, where Tandoori's business is located,
as a potential source of funds which might be used by the Debtors
in connection with a proposed Chapter 11 Plan.

The Debtors submitted that the upcoming statutory deadline of
January 3, 2017, will not permit sufficient time to achieve their
objectives, nor will it permit the Debtors to pursue financing with
potential lenders who have requested to see financials from the
Debtor Tandoori for 12-months of operations while in Chapter 11.

The Office of the United States Trustee requested that the Debtor
consent to limit the extension being sought to an extension through
May 1, 2017, with a further hearing on the balance of the extension
being sought to be considered on the same date.

A further hearing on the balance of the extension being sought
through the Debtor's Motion is scheduled for May 1, 2017 at 10:00
a.m.

             About Tandoori at Transit, Inc.

Tandoori at Transit, Inc. is based in Williamsville, New York, and
operates a restaurant and banquet hall facilities serving Royal
Indian cuisine.  It sought Chapter 11 protection (Bankr. W.D. N.Y.
Case No. 16-10413) on March 7, 2016.

Ravi Sabharwal, vice-president of Tandoori at Transit, sought
Chapter 11 protection (Bankr. W.D.N.Y. Case No. 16-10362) on Feb.
29, 2016.  His wife, Rita Sabharwal, owns 100 percent of the stock
and is the chief executive officer of Tandoori at Transit.  

On March 28, 2016, the court ordered the joint administration of
the cases.  The Debtors are represented by Daniel F. Brown, Esq.,
at Andreozzi, Bluestein, Weber, Brown, LLP.

At the time of filing, Tandoori at Transit estimated $50,000 to
$100,000 in assets and $1 million to $10 million in debt.


TIME INC: S&P Lowers CCR to 'B+' on Higher-Than-Expected Leverage
-----------------------------------------------------------------
S&P Global Ratings said that it lowered its corporate credit rating
on New York City-based Time Inc. to 'B+' from 'BB-'.  The outlook
is negative.

At the same time, S&P lowered its issue-level rating on the
company's senior secured credit facility to 'BB' from 'BB+'.  The
recovery rating remains '1', indicating S&P's expectation for very
high (90%-100%) recovery of principal in the event of a payment
default.

S&P also lowered its issue-level rating on the company's senior
unsecured notes to 'B' from 'BB-' and revised the recovery rating
to '5' from '3'.  The '5' recovery rating indicates S&P's
expectation for modest (lower half of the 10%-30% range) recovery
of principal in the event of a payment default.

Concurrent with the rating action, S&P removed the issue ratings
from under criteria observation (UCO).

"The downgrade primarily reflects our forecast that Time Inc.'s
leverage reduction and operating performance will be meaningfully
below our previous expectations.  In our opinion, the
underperformance primarily reflects a meaningful acceleration in
the decline of circulation revenue and difficulty leveraging and
scaling the operating platform.  We had forecast that adjusted
leverage will decline to the high-2x area in 2017.  However, we now
expect that a combination of stronger industry headwinds and high
operating costs will continue to weigh on company's EBITDA margins,
resulting in expected adjusted leverage in the low-4x area.
Furthermore, the company is in the early to mid-stages of its
transformation effort to extend and scale its brands, content, and
audiences into new revenue streams and distribution platforms. We
believe the transformation could prove challenging to execute,
given the initiatives' large scale and complexity, and our view
that competition from existing and new participants continues to
intensify," S&P said.

The revised recovery rating on the senior unsecured notes reflects
S&P's simulation of higher decline in operating performance under
its default scenario, a lower emergence enterprise value under its
simulated default recovery analysis, and S&P's revised recovery
criteria.

S&P's assessment of Time Inc.'s business risk profile is based on
S&P's view that the structural migration of advertising and
readership to digital media from print media and the pace of
audience fragmentation will increase.  Time Inc.'s high exposure to
print advertising and circulation revenue (about 70% of total
revenue in 2016 and declining at a high-single-digit percentage
rate) threatens the economic viability of its business model long
term.  In addition, the company's revenues are concentrated in its
marquee titles--People, InStyle, Sports Illustrated, and Real
Simple--and it faces intense competition from traditional and
digital advertisers. Partial mitigating factors include Time Inc.'s
position as a leading magazine publisher in the U.S. and U.K.; its
broad audience reach, with over 120 million print magazine readers
and over 150 million monthly digital unique visitors; and its
strong liquidity profile, which supports operational flexibility.

S&P's base-case forecast includes these assumptions:

   -- U.S. GDP growth of 1.5% in 2016 and 2.4% in 2017.
   -- Revenue declining at a low-single-digit percentage rate in
      2017, reflecting ongoing secular and foreign exchange
      pressures that offset U.S. GDP growth.
   -- Adjusted EBITDA margins in the 14% area in 2017 (including
      about $50 million of cash restructuring expenses and about a

      $90 million benefit from S&P's operating lease, stock
      compensation, and pension adjustments).

   -- Adjusted debt of about $1.75 billion in 2017.  S&P's
      adjusted debt balance includes a large debt adjusted related

      to S&P's operating lease adjustment and doesn't net the
      company's large cash balances, which S&P believes will
      support growth initiatives.

   -- Capital expenditures (capex) of about $65 million in 2017.

Based on these assumptions, S&P arrives at adjusted debt leverage
in the low-4x area in 2017, which is high for the current rating
given S&P's view that industry trends will persist or worsen and
could result in increased high cash flow volatility.  Accordingly,
S&P's 'B+' rating incorporates the expectation that leverage will
gradually decline to 4x or below over the next 12-24 months.  

S&P's assessment of Time Inc.'s liquidity was revised to adequate
from strong.  The revision reflects the company's high adjusted
debt leverage and S&P's opinion that the company's access to the
capital markets will be limited if business performance or
economics conditions worsen.

S&P expects liquidity sources to exceed uses by more than 3x over
the next 12 months and that the company will have sufficient
covenant headroom for forecast EBITDA to decline by over 50%.  In
S&P's view, Time Inc. could absorb low-probability, high-impact
events with limited need for refinancing because of its FOCF
generation and healthy cash balances, sound relationships with
banks, and generally satisfactory standing in the credit markets.
In the event of liquidity distress, S&P expects the company to
scale back capital spending and acquisitions to preserve adequate
liquidity.

Principal liquidity sources:

   -- Cash and short-term investments of $304 million as of
      Sept. 30, 2016;
   -- Borrowing availability of about $500 million under the
      revolving credit facility; and
   -- S&P's estimate for cash from operations of over $170 million

      in 2017.

Principal liquidity uses:

   -- Estimated capex of $65 million in 2017;
   -- Scheduled debt amortization of $7 million per year;
   -- Cash dividends of $77 million per year; and
   -- Acquisitions of $50 million per year.

The revolving credit agreement has a secured net (up to $250
million in cash) leverage covenant of 2.75x.  The covenant doesn't
step down for the life of the agreement.

The negative rating outlook reflects S&P's expectation that market
conditions will remain challenging in 2017 and that Time Inc. could
struggle to protect and grow its EBITDA margins, improve FOCF, and
reduce debt leverage if it's unable to offset revenue declines with
additional cost cuts.  The outlook also reflects S&P's more
cautious view of recent changes to the executive management team
and shareholder composition and its uncertain impact on the
company's business or financial risk tolerance.

S&P could lower its rating on the company to 'B' if S&P become
convinced that adjusted leverage will remain above 4x or that
reported FOCF will remain below $120 million (about 10% of reported
gross debt).  S&P could also consider a downgrade if management
sells assets without a commensurate decrease in debt leverage or
reinvests a large portion of cash in high-priced acquisitions,
sizable share repurchases, or shareholder dividends.

S&P could revise the outlook to stable if the company's underlying
operating performance or credit measures improve, resulting in
S&P's expectation that adjusted leverage will decline and remain
below 4x with a sharp improvement in FOCF generation.  Although
less likely, S&P could raise the rating if digital or other
adjacent revenues significantly offset print revenue declines, and
if S&P expects EBITDA and FOCF credit measures to meaningfully
improve.



TOO FAST APPAREL: Can Continue Using BB&T Cash Through April 30
---------------------------------------------------------------
Judge Andrew B. Altenburg of the U.S. Bankruptcy Court for the
District of New Jersey approved the Agreement between Too Fast
Apparel, LLC and Branch Banking and Trust Company, extending the
Debtor's authority to use cash collateral on an interim basis,
through the earlier of a final hearing or April 30, 2017.

The Debtor's pre-petition indebtedness to Branch Banking was in the
aggregate principal amount of not less than $441,649, including
accrued interest, reasonable costs, attorneys' fees and any and all
other amounts owing under the Loan Documents.

The Debtor had asserted that the orderly continuation of its
business continues to be dependent upon its ability to use cash
collateral and that the Debtor is without sufficient funds to
continue operations without the use of cash collateral.

The Debtor's Budget indicates: cost of goods totaling $78,415;
operating and administrative expenses in the aggregate total amount
of $21382; merchant & bank fees in the aggregate total amount of
$3,600; total payroll of $76500 for the covered period from January
2017 through April 2017, and adequate protection payments to Branch
Banking in the amount $2,500 per month.

A final hearing to consider the Debtor's permanent use of the cash
collateral will be held on April 27, 2017 at 10:00 a.m.  The
deadline for the filing of objections to the Debtor's permanent use
of cash collateral is set on April 20, 2017.

A full-text copy of the Order, dated December 20, 2016, is
available at https://is.gd/BHAZMv

Branch Banking and Trust Company is represented by:

          Christine L. Barba, Esq.
          Ballard Spahr LLP
          1735 Market Street, 51st Floor
          Philadelphia, PA 19103
          Telephone: (215) 864-8515
          Email: BarbaC@ballardspahr.com


                         About Too Fast Apparel

Too Fast Apparel, LLC, filed a chapter 11 petition (Bankr. D.N.J.
Case No. 16-29175) on Oct. 6, 2016.  The petition was signed by
Maureen Keough, member.  The Debtor is represented by Ira Deiches,
Esq., at Deiches & Ferschmann.  The Debtor estimated assets at
$100,001 to $500,000 and liabilities at $500,001 to $1 million at
the time of the filing.


TRIANGLE USA: Unsecureds To Recover 29%-30% Under Amended Plan
--------------------------------------------------------------
Triangle USA Petroleum Corp. and its affiliated debtors filed a
notice to the U.S. Bankruptcy Court for the District of Delaware
regarding their first amended disclosure statement with respect to
their first amended joint chapter 11 plan of reorganization.

The plan provides for payment in full of administrative, priority
tax, and other priority claims. Secured claims other than claims
arising under the RBL Credit Facility will be paid in full in cash
or otherwise left unimpaired. RBL Claims will be paid in full in
Cash on the Effective Date. Holders of TUSA General Unsecured
Claims, including all Senior Notes Claims, will receive their Pro
Rata Share of the new common stock of New TUSA HoldCo, and, to the
extent eligible under applicable securities laws and regulations,
will have the opportunity to participate in a rights offering for
the purchase of up to approximately $185 million in convertible
preferred stock of New TUSA HoldCo. In lieu of new equity in the
Reorganized Debtors, Holders of TUSA General Unsecured Claims less
than $150,000 will receive a cash distribution of up to $0.50 for
each $1 of their Allowed Claims; Holders of TUSA General Unsecured
Claims greater than $150,000 may also elect such "convenience
class" treatment by voluntarily reducing their claims to $150,000.
Each Holder of an Allowed Ranger Unsecured Claim will receive its
Pro Rata Share of a Cash amount allocated from proceeds of the
Rights Offering or another source of plan funding.

Class 5, TUSA General Unsecured Claims, is impaired under the Plan.
Each Holder of an Allowed TUSA General Unsecured Claim will
receive:

   (a) its Pro Rata Share of the New TUSA HoldCo Common Stock,
subject to dilution in accordance with the New HoldCo Common Stock
Allocation; and

   (b) solely if the Holder is an Eligible Holder of an Allowed
TUSA General Unsecured Claim or a Disputed TUSA General Unsecured
Claim that has been Provisionally Allowed, subscription rights for
the purchase of Rights Offering Securities on a ratable basis in
proportion to the Allowed amount (or amount deemed Provisionally
Allowed) of such Eligible Holder's TUSA  General Unsecured Claims
as of the Distribution Record Date.

Estimated recovery for this class is 29%-30%.

Distributions under the plan, and the Reorganized Debtors' future
operations, will be funded in part by:

   (a) a new senior secured, reserve-based Exit Facility; and

   (b) a new-money Rights Offering, through which Eligible Holders
of TUSA General Unsecured Claims may subscribe for the purchase of
up to approximately $185 Million of Rights Offering Securities.
Certain members of the Ad Hoc Noteholder Group have agreed to
backstop $150 million of the Rights Offering.

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

        http://bankrupt.com/misc/deb16-11566-534.pdf 

          About Triangle USA Petroleum Corporation

Triangle USA Petroleum Corporation is an independent exploration
and production company with a strategic focus on developing the
Bakken Shale and Three Forks formations in the Williston Basin of
North Dakota and Montana. TUSA is a wholly owned subsidiary of
Triangle Petroleum Corporation (NYSE MKT: TPLM).  Neither TPLM
nor
its affiliated company, RockPile Energy Services, LLC, is included
in TUSA's Chapter 11 filing.

Triangle USA Petroleum Corporation and its affiliates filed
voluntary petitions under Chapter 11 of the Bankruptcy Code
(Bankr.
D. Del. Lead Case No. 16-11566) on June 29, 2016.  The cases are
pending before Judge Mary F. Walrath.

The Debtors have engaged Sarah E. Pierce, Esq., at Skadden, Arps,
Slate, Meagher & Flom LLP as counsel, AP Services, LLC, as
financial advisor, PJT Partners Inc. as investment banker and
Prime
Clerk LLC as claims & noticing agent.

At the time of the filing, TUSA estimated assets in the range of
$500 million to $1 billion and liabilities of up to $1 billion.

Andrew R. Vara, Acting U.S. Trustee, informs the U.S. Bankruptcy
Court for the District of Delaware that a committee of unsecured
creditors has not been appointed in the Chapter 11 case of Triangle
USA Petroleum Corporation due to insufficient response to the U.S.
Trustee communication/contact for service on the committee.


TURN4 LOGISTICS: Plan, Disclosures Hearing Set for Jan. 31
----------------------------------------------------------
Judge Paul Baisier of the U.S. Bankruptcy Court for the District of
Georgia conditionally approved the amended disclosure statement and
amended plan of reorganization filed by Turn4 Logistics, LLC, on
Dec. 21, 2016.

The deadline for filing written objections to the disclosure
statement or the plan shall be no later than 4:00 p.m. on Jan. 24,
2017.

A hearing to consider confirmation of the plan and to consider
final approval of the disclosure statement shall be held in
Courtroom 1202, U.S. Courthouse, Russell Federal Building, 75 Ted
Turner Drive, Atlanta, Georgia at 11:00 a.m. on  Jan. 31, 2017.  

The deadline for casting ballots to accept or reject the plan shall
be Jan. 24, 2017.

Under the Plan, holders of Allowed Class 10 Claims (Unsecured
Claims In Excess of $500) will be paid 34% of the Allowed Unsecured
Claim in 60 equal monthly installments.  The first payment will be
due on the 15th business day of the
month following the Effective Date.  The Debtor will pay all claims
from its postpetition income.

A full-text copy of the Amended Disclosure Statement dated December
21, 2016, is available at:

           http://bankrupt.com/misc/ganb16-51846-122.pdf

Turn4 Logistics, LLC, sought bankruptcy protection (Bankr. N.D.
Ga.
Case No. 16-51846) on Feb. 1, 2016.  The Debtor is in the
transportation business.  It operates 15 semi-trucks through
Summit
Corporation.


ULTRA PETROLEUM: Ad Hoc Committee Seeks Appointment of Trustee
--------------------------------------------------------------
The ad hoc committee of unsecured creditors of Ultra Resources Inc.
has filed a motion seeking the appointment of a Chapter 11 trustee
for the company.

In its motion filed with the U.S. Bankruptcy Court for the Southern
District of Texas, the committee said the company and its
affiliates "are operating with blatant conflicts of interest."

According to the ad hoc committee, Ultra Resources' only board
members Michael Watford and Garland Shaw are also officers and
equity holders at Ultra Petroleum Corp.

The committee complained that both board members do not only stand
to profit from the transfer of value from Ultra Resources to Ultra
Petroleum's equity holders under the proposed Chapter 11 plan of
reorganization but will also receive "record breaking compensation"
as officers.

"The Debtors are using these Chapter 11 cases for the benefit of
their equity holders and structurally junior creditors at the
parent level to the detriment of their senior creditors and other
parties in interest, who have been completely excluded from the
plan negotiation process," the committee said in the court filing.

A court hearing to consider the motion is scheduled for January 19.


                      About Ultra Petroleum

Houston, Texas-based Ultra Petroleum Corp. (OTC Pink Marketplace:
"UPLMQ") is an independent oil and gas company engaged in the
development, production, operation, exploration and acquisition of
oil and natural gas properties.

On April 29, 2016, Ultra Petroleum Corp. and seven subsidiary
companies filed petitions (Bankr. S.D. Tex.) seeking relief under
chapter 11 of the United States Bankruptcy Code.  The Debtors'
cases have been assigned to Judge Marvin Isgur.  These cases are
being jointly administered for procedural purposes, with all
pleadings filed in these cases will be maintained on the case
docket for Ultra Petroleum Corp. Case No. 16-32202.

Ultra Petroleum disclosed total assets of $1.28 billion and total
liabilities of $3.91 billion as of March 31, 2016.  

James H.M. Sprayregen, P.C., David R. Seligman, P.C., Michael B.
Slade, Esq., Christopher T. Greco, Esq., and Gregory F. Pesce,
Esq., at Kirkland & Ellis LLP; and Patricia B. Tomasco, Esq.,
Matthew D. Cavenaugh, Esq., and Jennifer F. Wertz, Esq., at Jackson
Walker, L.L.P., serve as co-counsel to the Debtors.  Rothschild
Inc. serves as the Debtors' investment banker; Petrie Partners
serves as their investment banker; and Epiq Bankruptcy Solutions,
LLC, serves as claims and noticing agent.

The Office of the U.S. Trustee has appointed seven creditors of
Ultra Petroleum Corp. to serve on an Official Committee of
Unsecured Creditors.  The Committee tapped Weil, Gotshal & Manges
LLP as its legal counsel; Opportune LLP as advisor; and PJT
Partners LP as its financial advisor.


UNIVERSAL DOOR: Disclosure Statement Hearing Set for Feb. 21
------------------------------------------------------------
The U.S. Bankruptcy Court for the District of Puerto Rico is set to
hold a hearing on Feb. 21, at 10:00 a.m., to consider approval of
the disclosure statement explaining the Chapter 11 plan of
Universal Door and Window Manufacture Inc.

Objections to the disclosure statement must be filed not less than
14 days prior to the hearing.

Universal Door is represented by:

     Winston Vidal-Gambaro, Esq.
     Winston Vidal Law Office
     P.O. Box 193673
     San Juan, PR 00919-3673
     Tel: (787) 751-2864
     Fax: (787) 763-6114
     Email: wvidal@prtc.net

                      About Universal Door

Universal Door and Window Manufacture Inc. sought protection under
Chapter 11 of the Bankruptcy Code (Bankr. D. P.R. Case No.
15-01120) on February 19, 2015.  The petition was signed by Evelio
Crespo Traverzo, president and treasurer.  

The case is assigned to Judge Enrique S. Lamoutte Inclan.

At the time of the filing, the Debtor disclosed $1.54 million in
assets and $2.86 million in liabilities.


USA SALES: Seeks Approval to Use Zeenat Hirani Cash Collateral
--------------------------------------------------------------
USA Sales, Inc., asks the U.S. Bankruptcy Court for authorization
to use cash collateral through the date of confirmation of a
chapter 11 plan or the dismissal of its case.

The Debtor believes that the use of cash collateral is necessary
for it to continue its operations and to reorganize.

The Debtor's collateral consists of inventory in the amount of
$2,940,788, as of Oct. 31, 2016, including proceeds from its sale.
The Debtor earns income or rent in the amount of $13,035 per
month.

The Debtor names Zeenat Hirani as its first lien holder, to whom it
owes the principal balance of $535,000.

The Debtor offers Mr. Hirani adequate protection in the form of
equity in the collateral, in the amount of $2,405,788, above each
respective lien.  The Debtor contends that the use or sale of the
cash collateral will generate more collateral each month.  The
Debtor further offers a lien in the Replacement Collateral.

The Debtor tells the Court that it has executed a separate
Settlement Agreement with Mr. Hirani granting it an allowed secured
claim and the making of pre-confirmation payments, which will be
the subject of a separate 9019 Settlement Motion.  The Debtor
further tells the Court that the pre-confirmation payments under
the Settlement Agreement are the equivalent of adequate protection
payments and Mr. Hirani has consented to them.

The Debtor's proposed Budget covers the months of December 2016
through December 2017.  The Budget projects total operating
disbursements in the amount of $49,308,877.

The Debtor contends that in addition to the expenses set forth in
its proposed Budget, the Debtor wants to use cash collateral to pay
quarterly fees to the United States Trustee and to pay any required
fees to the court.

A hearing on the Debtor's Motion is scheduled on Jan. 17, 2017 at
2:00 p.m.

A full-text copy of the Debtor's Motion, dated Dec. 21, 2016, is
available at
http://bankrupt.com/misc/USASales2016_616bk14576mw_102.pdf

Zeenat Hirani is represented by:

          Richard T. Baum, Esq.
          11500 West Olympic Blvd., Suite 400
          Los Angeles, CA 90064

                    About USA Sales, Inc.

USA Sales, Inc., d/b/a Statewide Distributors, Inc., filed for
Chapter 11 bankruptcy protection (Bankr. C.D. Cal. Case No.
16-14576) on May 20, 2016, estimating assets and liabilities
between $1 million and $10 million.  The petition was signed by
Claudia Ali, surviving spouse of Kabiruddin Karim Ali and 100
percent beneficiary.  Judge Mark S. Wallace presides over the case.
Daren M Schlecter, Esq., at the Law Office of Daren M. Schletcter,
APC, serves as the Debtor's bankruptcy counsel.


VERIFONE SYSTEMS: Egan-Jones Lowers Sr. Unsec. Ratings to BB
------------------------------------------------------------
Egan-Jones Ratings Company, on Dec. 12, 2016, downgraded the senior
unsecured ratings on debt issued by Verifone Systems Inc. to BB
from BB+.

Verifone is an American multinational corporation headquartered in
San Jose, California that provides technology for electronic
payment transactions and value-added services at the
point-of-sale.




VERTELLUS SPECIALTIES: Tanner, Hexion Resign from Committee
-----------------------------------------------------------
Andrew Vara, acting U.S. trustee for Region 3, on Dec. 23 disclosed
in a court filing that Tanner Industries and Hexion Inc. have
resigned from Vertellus Specialties Inc.'s official committee of
unsecured creditors.

The remaining committee members are:

     (1) Pension Benefit Guaranty Corporation
         Attn: Mark Shelton
         1200 K. St.
         NW Washington, DC 20005
         Phone: 202-326-4020, ext. 3965
         Fax: 202-380-2074

     (2) SSI Services, LLC
         Attn: Steve Barnes
         308 S. State Avenue
         Indianapolis, IN 46201
         Phone: 317-269-2120
         Fax: 317-269-3608

     (3) Citizen Energy Group
         Attn: Alejandro Valle, Esq.
         2020 N. Meridian Street
         Indianapolis, IN 46202  
         Phone: 317-927-4317
         Fax: 317-927-4317

                     About Vertellus Specialties

Vertellus Specialties Inc. was a global specialty chemicals company
focused on the manufacture of ingredients used in pharmaceuticals,
personal care, nutrition, agriculture, and a host of other market
areas affected by trends favoring "green" technologies and
chemistries.

Headquartered in Indianapolis, Indiana, Vertellus Specialties Inc.
and several affiliates filed separate Chapter 11 bankruptcy
petitions (Bankr. D. Del. Case Nos. 16-11289 to 16-11299) on May
31, 2016. Judge Christopher S. Sontchi presides over the case.

Stuart M. Brown, Esq., Kaitlin M. Edelman, Esq., Richard A.
Chesley, Esq., Daniel M. Simon, Esq., and David E. Avraham, Esq.,
at DLA Piper LLP (US) serve as the Debtors' bankruptcy counsel.

Jefferies LLC is the Debtors' investment banker.  Andrew Hinkelman
at FTI Consulting, Inc. is the Debtors' chief restructuring
officer.  Kurtzman Carson Consultants is the Debtors' claims and
noticing agent.

The Debtors estimated their assets at between $100 million and $500
million and debts at between $500 million and $1 billion.

The petitions were signed by Anne Frye, vice president, secretary
and general counsel.

The Official Committee of Unsecured Creditors of Vertellus
Specialties Inc., et al., has tapped Hahn & Hessen LLP as lead
counsel; Morris James LLP as co-counsel; and Zolfo Cooper, LLC as
its financial advisor.

                       *     *     *

The Troubled Company Reporter reported that Vertellus Specialties
Inc. completed the sale of substantially all of its U.S. and
international assets to its prior term loan lenders, a group
including Black Diamond Capital Management and Brightwood Capital
Advisors, among others, on Oct. 31, 2016.


VIKING INVESTMENTS: Recurring Losses Casts Going Concern Doubt
--------------------------------------------------------------
Viking Investments Group, Inc., filed with the U.S. Securities and
Exchange Commission its amended quarterly report on Form 10-Q/A,
disclosing a net income of $1.87 million on $105,427 of oil & gas
sales for the three months ended September 30, 2016, compared to a
net loss of $362,911 on $32,425 of oil & gas sales for the same
period in 2015.

For the nine months ended September 30, 2016, the Company recorded
a net loss of $2.10 million on $232,013 of oil & gas sales,
compared to a net loss of $1.03 million on $64,448 of oil & gas
sales for the same period last year.

The Company's balance sheet at September 30, 2016, showed total
assets of $3.39 million, total liabilities of $3.87 million, and a
stockholders' deficit of $486,005.

The Company had a net comprehensive loss of $1,953,798 and
$1,047,211 for the nine months ended September 30, 2016 and 2015,
respectively.  The Company has accumulated a stockholders' deficit
of $486,005 as of September 30, 2016.  These conditions raise
substantial doubt about the Company's ability to continue as a
going concern.  

A full-text copy of the Company's Form 10-Q/A is available at:
                
                   https://is.gd/CRe4dE

Viking Investments Group, Inc.'s business plan is to engage in the
acquisition, exploration, development and production of oil and
natural gas properties, both individually and through collaborative
partnerships with other companies in this field of endeavor.  On
March 8, 2016, the Company incorporated a wholly owned subsidiary,
Viking Oil & Gas (Canada) ULC, in Alberta, Canada, to hold its
Canadian oil and gas interests.  In November of 2014, the Company
entered into its first contract relative to oil and gas activities
involving jointly controlled assets and related liabilities by
purchasing an undivided 50% interest in the Joffre project located
in Alberta, Canada.  On February 23, 2016, the Company closed on
the acquisition of working interests in four leases with access to
the mineral rights (oil and gas) concerning approximately 281 acres
of property in Miami and Franklin Counties in eastern Kansas.



VINH PHAT: Disclosures Conditionally OK'd; Plan Hearing on Jan. 24
------------------------------------------------------------------
The U.S. Bankruptcy Court for the Eastern District of California
has conditionally approved Vin Phat Supermarket, Inc.'s disclosure
statement dated Dec. 8, 2016, referring to the Debtor's plan of
reorganization dated Dec. 8, 2016.

The hearing on the final approval of the Disclosure Statement is
scheduled for Jan. 24, 2017, at 10:30 a.m.

Jan. 10, 2017, is the last day for filing objections to the
Disclosure Statement and confirmation of the Plan.

Jan. 10, 2017, is also the last day for filing written acceptances
or rejections of the Plan.

As reported by the Troubled Company Reporter on Dec. 20, 2016, the
Debtor filed with the Court 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.  Starting 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.

                   About Vinh Phat Supermarket

Vinh Phat Supermarket, Inc., based in Sacramento, California, 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.


VIOLIN MEMORY: U.S. Trustee Forms 3-Member Committee
----------------------------------------------------
Andrew R. Vara, Acting U.S. Trustee for Region 3, on Dec. 27, 2016,
appointed three creditors of Violin Memory, Inc., to serve on the
official committee of unsecured creditors.

The committee members are:

     (1) Wilmington Trust, N.A.
         Attn: Rita Ritrovato
         1100 North Market Street, 5th Floor
         Wilmington, DE 19890
         Tel: (302) 636-5137
         Fax: (302) 636-4140

     (2) Clinton Group, Inc.
         Attn: Joseph De Perio
         510 Madison Avenue, 9th Floor
         New York, NY 10022
         Tel: (212) 377-4252

     (3) Forty Niners SC Stadium Company LLC
         Attn: Jihad Beauchman
         4949 Marie P. DeBartolo Way
         Santa Clara, CA 95054
         Tel: (408) 673-2031
         Fax: (408) 727-4937

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 Violin Memory

Violin Memory, Inc., sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. D. Del. Case No. 16-12782) on Dec. 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.


VISUALANT INC: Issues 187,500 Series D Preferred Shares
-------------------------------------------------------
Visualant Inc., issued 187,500 shares of Series D Convertible
Preferred Stock and a warrant to purchase 187,500 shares of common
stock in a private placement to an accredited investor for gross
proceeds of $150,000 pursuant to a Series D Preferred Stock and
Warrant Purchase Agreement dated Dec. 14, 2016.

The initial conversion price of the Series D Shares is $0.80 per
share, subject to certain adjustments.  The initial exercise price
of the warrant is $1.00 per share, also subject to certain
adjustments.

As part of the Purchase Agreement, the Company has agreed to
register with the SEC the shares of common stock issuable upon
conversion of the Series D Shares and the shares of common stock
issuable upon exercise of the warrant for resale or other
disposition.

The Series D Shares and warrant were issued in a transaction that
was not registered under the Securities Act of 1933, as Amended in
reliance upon applicable exemptions from registration under Section
4(a)(2) of the Act and Rule 506(b) of SEC Regulation D under the
Act.

As previously reported, the Company intends to issue up to
3,125,000 Series D Shares (and an equal number of warrants) for
gross proceeds of $2,500,000 pursuant on a "best efforts" basis.

                      About Visualant Inc.
  
Seattle, Wash.-based Visualant, Inc., was incorporated under the
laws of the State of Nevada on Oct. 8, 1998.  The Company
develops low-cost, high speed, light-based security and quality
control solutions for use in homeland security, anti-
counterfeiting, forgery/fraud prevention, brand protection and
process control applications.

Visualant reported a net loss of $2.63 million on $6.29 million of
revenue for the year ended Sept. 30, 2015, compared to a net loss
of $1.01 million on $7.98 million of revenue for the year ended
Sept. 30, 2014.

As of June 30, 2016, Visualant had $3.05 million in total assets,
$7.22 million in total liabilities, all current, and a total
stockholders' deficit of $4.17 million.

PMB Helin Donovan, LLP, in Seattle, Washington, issued a "going
concern" qualification on the consolidated financial statements for
the year ended Sept. 30, 2015, citing that Company has sustained a
net loss from operations and has an accumulated deficit since
inception.  These factors raise substantial doubt about the
Company's ability to continue as a going concern.


VIVA INVESTMENTS: Has Until February 21 to File Chapter 11 Plan
---------------------------------------------------------------
Judge Paul G. Hyman, Jr. of the U.S. Bankruptcy Court for the
Southern District of Florida extended the exclusive period within
which VIVA Investments Limited Liability Company has the exclusive
right to file a plan of reorganization, through and including Feb.
21, 2017, and the exclusive period within which to solicit
acceptances of a plan, through and including April 20, 2017.

The Troubled Company Reporter had earlier reported that the Debtor
sought a 90-day extension of its exclusivity periods, telling the
Court that it had filed its plan and disclosure statement on Sept.
28, 2016, and the hearing for confirmation of the plan had been set
for Jan. 10, 2017.  In an abundance of caution, the Debtor asked
for an extension in the event any amendments to the Plan were
necessary.

                      About VIVA Investments

Palm Beach Gardens, Florida-based VIVA Investments Limited
Liability Company filed for Chapter 11 bankruptcy protection
(Bankr. S.D. Fla. Case No. 15-11753) on Jan. 29, 2015, listing
$1.19 million in total assets and $1.95 million in total
liabilities.  The petition was signed by Sriram Srinivasan,
manager.  Judge Paul G. Hyman, Jr., presides over the case.

Aaron A Wernick, Esq., at Furr & Cohen serves as the Debtor's
bankruptcy counsel.


WEST CORP: Amends Credit Facility with Wells Fargo
--------------------------------------------------
West Corporation announced that it has finalized and closed on an
amendment to the credit agreement governing its senior secured
credit facilities.

The amendment reduces the applicable interest rate of its Term Loan
B-12 by 50 basis points and of its Term Loan B-14 by 25 basis
points, as well as reduces the LIBOR floor on its Term Loan B-14
from 0.75% to zero.

As of the closing of the amendment, the affected term loan tranches
are as follows:

  * Term Loan B-12: Approximately $867.8 million of term loans due
    June 2023 at a rate of LIBOR + 2.50% with a 0.75% LIBOR floor

  * Term Loan B-14: Approximately $259.4 million of term loans due

    June 2021 at a rate of LIBOR + 2.50% with a zero LIBOR floor

The Company expects these changes to reduce its annual cash
interest expense by approximately $5 million, before amortization
of deferred financing fees.

Additional information is available for free at:

                     https://is.gd/qADvEp

                    About West Corporation

Omaha, Neb.-based West Corporation is a global provider of
communication and network infrastructure solutions.  West helps
manage or support essential enterprise communications with services
that include conferencing and collaboration, public safety
services, IP communications, interactive services such as automated
notifications, large-scale agent services and telecom services.

West Corporation reported net income of $242 million on $2.28
billion of revenue for the year ended Dec. 31, 2015, compared to
net income of $158 million on $2.21 billion of revenue for the year
ended Dec. 31, 2014.

As of Sept. 30, 2016, West Corporation had $3.47 billion in total
assets, $3.96 billion in total liabilities and a total
stockholders' deficit of $490.95 million.

                          *     *     *

As reported by the TCR on June 21, 2013, Standard & Poor's Ratings
Services raised its corporate credit rating on West Corp. to 'BB-'
from 'B+'.  The upgrade reflects Standard & Poor's view that lower
debt leverage and a less aggressive financial policy will
strengthen the company's financial profile.

In the April 4, 2013, edition of the TCR, Moody's Investor Service
upgraded West Corporation's Corporate Family Rating to 'B1' from
'B2'.  "The CFR upgrade to B1 reflects West's shift to a more
conservative capital structure and financial policies as a publicly
owned company," stated Moody's analyst Suzanne Wingo.


WESTERN REFINING: S&P Affirms 'B+' Rating on Sr. Secured Term Loan
------------------------------------------------------------------
S&P Global Ratings said that it has reviewed its recovery and
issue-level ratings on Western Refining 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.

"We are affirming our 'B+' issue-level rating on the company's
senior secured term loans due 2020 and 2023 and revising our
recovery rating on this debt to '3' from '4', indicating our
expectation for meaningful (50%-70%, in the lower half of the
range) recovery if a payment default occurs.  We also are affirming
our senior unsecured issue-level rating of 'B' on the company's
$350 million 6.25% notes due 2021.  The recovery rating remains
'5', indicating our expectation for a modest (10%-30%, at the lower
end of the range) recovery," S&P said.

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.  S&P's corporate credit rating on Western
Refining is 'B+', and the rating is on CreditWatch with positive
implications.

Ratings List

Rating Affirmed; Recovery Rating Revised
                                        To             From
Western Refining Inc.
Senior Secured                         B+             B+
  Recovery Rating                       3L             4H

Rating Affirmed; Recovery Rating Unchanged

Western Refining Inc.
Senior Unsecured                       B
  Recovery Rating                       5L


WORLDS ONLINE: Incurs $6,860 Net Loss in Third Quarter
------------------------------------------------------
Worlds Online Inc. filed with the Securities and Exchange
Commission its quarterly report on Form 10-Q disclosing a net loss
of $6,860 on $873,549 of total revenues for the three months ended
Sept. 30, 2016, compared to a net loss of $56,889 on $392,833 of
total revenues for the three months ended Sept. 30, 2015.

For the nine months ended Sept. 30, 2016, the Company reported a
net loss of $27,421 on $2.13 million of total revenues compared to
a net loss of $786,986 on $543,580 of total revenues for the nine
months ended Sept. 30, 2015.

As of Sept. 30, 2016, Worlds Online had $7.69 million in total
assets, $9.25 million in total liabilities and a total
stockholders' deficit of $1.55 million.

The Company raised $2,942,594 during the nine months ended Sept.
30, 2016, by issuing notes and $206,157 from issuing Class A shares
in Mia Development in order to fund MariMed's business operations.
The Company expects to continue to pursue additional sources of
capital though it has no current arrangements with respect to, or
sources of, additional financing at this time and there can be no
assurance that any such financing will become available.

"The Company has had only minimal revenues from operations, has a
negative working capital, has a negative stockholders deficit and
negative cash flows from operations.  There can be no assurance
that the Company will be able to obtain the substantial additional
capital resources necessary to fully implement its business plan or
that any assumptions relating to its business plan will prove to be
accurate.  The Company is pursuing sources of additional financing
and there can be no assurance that any such financing will be
available to the Company on commercially reasonable terms, or at
all.  Any inability to obtain additional financing will likely have
a material adverse effect on the Company, including possibly
requiring the Company to reduce and/or cease operations," the
Company stated in its quarterly report for the period ended Sept.
30, 2016.

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

                   https://is.gd/UR2Ojy

                    About Worlds Online

Based in Brookline, Mass., Worlds Online Inc. currently operates in
two separate segments with one segment being a 3D entertainment
portal which leverages its proprietary licensed technology to offer
visitors a network of virtual, multi-user environments which the
Company calls "worlds" and the second segment, MariMed Advisors,
being a management company in the medical cannabis industry.

For the year ended Dec. 31, 2015, Worlds Online reported a net loss
of $1.84 million following a net loss of $7.42 million in 2014.

L&L CPAS, PA, in Cornelius, NC, issued a "going concern"
qualification on the consolidated financial statements for the year
ended Dec. 31, 2015, citing that the Company has suffered recurring
operating losses, has an accumulated stockholders' deficit, has
negative working capital, has had minimal revenues from operations,
and has yet to generate an internal cash flow that raises
substantial doubt about its ability to continue as a going concern.


WRAP MEDIA: Case Summary & 20 Largest Unsecured Creditors
---------------------------------------------------------
Debtor affiliates filing separate Chapter 11 bankruptcy petitions:

     Debtor                                         Case No.
     ------                                         --------
     Wrap Media, LLC                                16-31325
        aka Karmagraphics, LLC
     275 Sacramento Street, 4th Floor
     San Francisco, CA 94111

     Wrap Media, Inc.                               16-31326
         aka Karmagraph, LLC
     275 Sacramento Street, 4th Floor
     San Francisco, CA 94111

Chapter 11 Petition Date: December 10, 2016

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

Judge: Hon. Hannah L. Blumenstiel

Debtors' Counsel: Michael St. James, Esq.
                  ST. JAMES LAW, P.C.
                  22 Battery St. #888
                  San Francisco, CA 94111
                  Tel: (415) 391-7566
                  E-mail: ecf@stjames-law.com
                          michael@stjames-law.com

                                           Estimated    Estimated
                                            Assets     Liabilities
                                           ---------   -----------
Wrap Media, LLC                             $1M-$10M    $10M-$50M
Wrap Media, Inc.                            $1M-$10M    $10M-$50M

The petitions were signed by Eric Greenberg, chief executive
officer.

A copy of Wrap Media, LLC's list of 20 largest unsecured creditors
is available for free at http://bankrupt.com/misc/canb16-31325.pdf

A copy of Wrap Media, Inc.'s list of four unsecured creditors is
available for free at http://bankrupt.com/misc/canb16-31326.pdf


XTERA COMMUNICATIONS: $7.4M DIP Loan Gets Final Court Approval
--------------------------------------------------------------
BankruptcyData.com reported that the U.S. Bankruptcy Court issued a
final order approving Xtera Communications' D.I.P. financing
motion. As previously reported, "The D.I.P. facility consists of
super-priority post-petition financing is made up of a term loan in
the principal amount of up to $7,409,793. H.I.G. European Capital
Partners is the D.I.P. lender, and Wilmington Trust is the
administrative and collateral agent. The agreement with H.I.G.
contemplates approximately $7.4 million in senior debtor in
possession financing secured by substantially all assets of the
Debtors to fund the Debtors through a sale process. Additionally,
an affiliate of H.I.G. is acting as stalking horse bidder to
purchase all of the Debtor's assets for a purchase price of $10
million inclusive of amounts due under the DIP Financing."

                   About Xtera Communications

Xtera Communications and seven affiliated debtors filed for Chapter
11 protection (Bankr. D. Del. Lead Case No. 16-12577) on Nov. 15,
2016.  The company sells telecommunications-related optical
transport solutions.  The company disclosed $50.47 million in
assets and $66.45 million in total debt as of the bankruptcy
filing.

Xtera tapped DLA Piper LLP as legal counsel; Cowen & Company as
investment banker; and Epiq Systems Inc. as claims agent.

On Nov. 23, 2016, the Office of the U.S. Trustee appointed five
creditors to serve on the official committee of unsecured
creditors.  Lawyers at Bayard P.A., and Lowenstein Sandler LLP
serve as counsel to the Committee.

HIG Neptune, the Postpetition Lender, is represented by Allen &
Overy LLP; and  Morris, Nichols, Arsht & Tunnell LLP.  Counsel to
Wilmington Trust, N.A., the DIP Agent is Kaye Scholer LLP.  Counsel
to the Prepetition Senior Lender are Levy, Small & Lallas; and
Chipman Brown Cicero & Cole, LLP.  Counsel to Horizon Technology
Finance Corp., the Prepetition Subordinated Lender, is K&L Gates
LLP.


[*] S&P Reviews Ratings on US Capital Goods Sector
--------------------------------------------------
S&P Global Ratings said that it has reviewed its recovery and
issue-level ratings in the U.S. capital goods sector for
speculative-grade corporate issuers that were labeled as "under
criteria observation" (UCO) after publishing its revised recovery
ratings criteria on Dec. 7, 2016.  With S&P's criteria review
complete, it is removing the UCO designation from these ratings and
are revising issue-level and recovery ratings as appropriate.

This release pertains to rated companies in the U.S. capital goods
sector.  The ratings list below is arranged alphabetically by
issuer and identifies the debt types with rating changes.  In
addition to the changes and affirmations mentioned below, S&P will
review its recovery and issue-level ratings on Hoover Group Inc.
separately.

As an overview, S&P is revising the issue-level ratings on 16 rated
debt issues in the U.S. capital goods sector, reflecting three
upgrades and 13 downgrades.  In nine of the 13 downgrade cases, the
revision to the issue-level rating resulted from a revision to the
recovery rating on the debt instrument.

In the remaining four downgrade cases, the recovery ratings on the
secured debt remain unchanged and the issue-level rating change
results because S&P now caps issue-level ratings at 'BBB-' for
issuers rated 'BB' and 'BB+', regardless of S&P's recovery ratings.
This change deemphasizes the weight recovery plays in up-notching
issue ratings for issuers near the investment-grade threshold,
since recovery is a smaller component of credit risk when default
risk is more remote and because recovery prospects may be less
predictable and more variable for these issuers.  This revision
does not reflect a change in S&P's assessment of the company's
default risk, which is indicated by its corporate credit rating, or
S&P's opinion of recovery given default, which is indicated by its
recovery ratings.

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

RATINGS LIST

Issue Ratings Raised; Recovery Ratings Revised Due To Revised
Recovery Rating Criteria For Speculative-Grade Corporate Issuers
                                        To                 From
Milacron LLC
Senior secured
  $730 mil term loan                    B+                 B
   Recovery rating                      2L                 3H

Park-Ohio Industries Inc.
Senior unsecured
  $250 mil notes                        B                  B-
   Recovery rating                      5L                 6

Wastequip LLC
Senior secured
  $40 mil 1st out revolver bank
   ln due 2019                          BB                 BB-
   Recovery rating                      1+                 1

Issue Ratings Lowered; Recovery Ratings Unchanged Due To Revised
Recovery Rating Criteria For Speculative-Grade Corporate Issuers

EnerSys
Senior secured
  $500 mil revolver bank
   ln due 2018                          BBB-               BBB
   Recovery rating                      1                  1
  $150 mil bank ln due 2018             BBB-               BBB
   Recovery rating                      1                  1

Oshkosh Corp.
Senior secured
  $850 mil revolving bank ln due 2019   BBB-               BBB
   Recovery rating                      1                  1
  $400 mil term bank ln due 2019        BBB-               BBB
   Recovery rating                      1                  1

Issue Ratings Lowered; Recovery Ratings Revised Due To Revised
Recovery Rating Criteria For Speculative-Grade Corporate Issuers

Ahern Rentals Inc.
Senior secured
  $550 mil notes due 2023               B-                 B
   Recovery rating                      5L                 4H

Duke Finance LLC
Senior secured
  $125 mil 2nd-lien term loan
   bank ln due 2022                     CCC+               B-
   Recovery rating                      6                  5L

HD Supply Inc.
Senior secured
  $850 mil term B bank ln due 2021      BB-                BB
   Recovery rating                      3L                 2L
  $550 mil B-2 trm ln bank ln 2023      BB-                BB
   Recovery rating                      3L                 2L
  $1.25 bil 5.25% 1st-lien nts due 2021 BB-                BB
   Recovery rating                      3L                 2L

Penn Engineering Fastening Technologies Ltd.
Penn Engineering & Manufacturing Corp.
PEG GmbH
Senior secured
  $125 mil revolving credit
   Fac bank ln due 2019                 BB-                BB
   Recovery rating                      2L                 1

Penn Engineering & Manufacturing Corp.
PEG GmbH
Senior secured
  $670 mil term bank ln due 2021        BB-                BB
   Recovery rating                      2L                 1

Titan International Inc.
Senior secured
  $400 mil notes due 2020               B-                 B
   Recovery rating                      3L                 2L

Wastequip LLC
Senior secured
  $210 mil term bank ln due 2019        B                  B+
   Recovery rating                      3L                 2H

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

Amsted Industries Inc.
Senior unsecured
  $600 mil 5.00% sr nts due 2022        BB                  BB
   Recovery rating                      3H                  4L
  $250 mil 5.375% sr nts due 2024       BB                  BB
   Recovery rating                      3H                  4L

EnerSys
Senior unsecured
  $300 mil notes due 2023               BB+                 BB+
   Recovery rating                      3L                  4H

EnPro Industries Inc.
Senior unsecured
  $300 mil notes due 2022               BB-                 BB-
   Recovery rating                      4H                  3H

J.B. Poindexter & Co. Inc.
Senior unsecured
  $225 mil 9.00% sr nts due 2022        B+                  B+
   Recovery rating                      3H                  4H

Shape Technologies Group Inc.
Senior secured
  $225 mil 7.625% nts due 2020          B                   B
   Recovery rating                      4L                  3H

Xerium Technologies Inc.
Senior secured
  $475 mil sr nts due 2021              B                   B
   Recovery rating                      4H                  3L

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

NES Rentals Holdings Inc.
Senior secured
  $300 mil 2nd-lien nts due 2018        B-                   B-
   Recovery rating                      5L                   5H

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

Duke Finance, LLC
Senior secured
  $75 mil revolver bank ln due 2020     B
   Recovery rating                      3L
  $450 mil 1st-lien term loan bank
   ln due 2021                          B
   Recovery rating                      3L

HD Supply Inc.
Senior secured
  $1.5 bil revolver bank ln due 2018    BB+
   Recovery rating                      1
Senior unsecured
  $1 bil 5.75% sr nts due 2024          B
   Recovery rating                      6

Mcron Finance Corp.
Milacron LLC
Senior unsecured
  $465 mil notes                        B-
   Recovery rating                      5L

Oshkosh Corp.
Senior unsecured
  $250 mil 5.375% sr nts due 2025        BB+
   Recovery rating                       4L
  $250 mil 5.375% sr nts due 2022        BB+
   Recovery rating                       4L

Trimas Co. LLC
Senior secured
  $500 mil revolver bank ln due 2020     BB-
   Recovery rating                       3L
  $275 mil fltg rate term A bank
   ln due 2020                           BB-
   Recovery rating                       3L


[*] S&P Reviews Ratings on US Leisure Sector
--------------------------------------------
S&P Global Ratings said that it has reviewed most of its recovery
and issue-level ratings in the U.S. leisure sector for
speculative-grade (rated 'BB+' and lower) corporate issuers that
were labeled as "under criteria observation" (UCO) after publishing
its revised recovery ratings criteria on Dec. 7, 2016. With S&P's
criteria review complete, it is removing the UCO designation from
these ratings and are revising the issue-level and recovery ratings
as appropriate.

This release pertains to rated companies in the U.S. leisure
sector.  The ratings list below is arranged alphabetically by
issuer and identifies the debt instruments with ratings changes.

As an overview, S&P is raising issue-level ratings on five rated
debt issues in the sector.  In each case, the revision to the
issue-level rating resulted from a revision to the recovery rating
on the debt instrument.

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

RATINGS LIST

Issue Ratings Raised, Recovery Ratings Revised Due To Revised
Recovery Rating
Criteria For Speculative-Grade Corporate Issuers
                                                 To      From
BC Equity Ventures LLC
Senior secured priority revolver                BB      BB-
  Recovery rating                                1+      1

Equinox Holdings Inc.
Senior secured                                  B+      B
  Recovery rating                                2H      3H

IMG Worldwide Holdings Inc.
Senior secured                                  B+      B
  Recovery rating                                2L      3H

Playa Resorts Holding B.V.
Senior unsecured                                B       B-
  Recovery rating                                4H      5L

Travel Leaders Group LLC
Senior secured                                  BB-     B+
  Recovery rating                                2H      3H

Issue Ratings Affirmed, Recovery Ratings Unchanged

BC Equity Ventures LLC
Senior Secured
First lien term loan                           B
  Recovery rating                               3H
Asset sale bridge loan                         BB-
  Recovery rating                               1

Equinox Holdings Inc.
Senior Secured
Second lien term loan                          CCC+
  Recovery Rating                               6

IMG Worldwide Holdings Inc.
Senior Secured
Second lien term loan                           B-
  Recovery rating                               5L

Playa Resorts Holding B.V.
Senior secured                                 BB-
  Recovery rating                               1


[] A.M. Best Maintains Negative Outlook on Global Reinsurance
-------------------------------------------------------------
A.M. Best is holding its outlook for the global reinsurance sector
at negative, citing the continued market challenges that will
hinder the potential for positive rating actions over time and may
eventually translate into negative rating pressures.

The Best's Briefing, titled, "Global Reinsurance Outlook Maintained
at Negative," states that the strain on profitability is evident in
reduced risk-adjusted returns with market headwinds at this point,
presenting significant longer-term challenges.

"Recent indications of a market bottoming are slowly emerging, but
the overall operating environment remains negative, which is
concerning," said Robert DeRose, senior director, A.M. Best.

Negative factors such as low rates, broader terms and conditions,
the unsustainable flow of net favorable loss development and anemic
investment yields will continue to adversely impact risk-adjusted
returns over the longer term. Alternative capital also looms as an
additional pressure-bearing front and now comprises approximately
20% of the dedicated global reinsurance market capacity. This
percentage has been steadily growing year over year, underscoring
why cycle management has been a key strategy for organizations
possessing the capability to move between primary and reinsurance
platforms.

While rated balance sheets are currently well-capitalized and
capable of withstanding various stress scenarios, this strength may
erode over time for some carriers as earnings come under increased
pressure, favorable reserve development wanes, earnings grow more
volatile, and the ability to earn back losses following events is
prolonged by the instantaneous inflow of alternative capacity.

"These issues have placed unrelenting pressure on underwriting
discipline, forcing insurers to exercise restraint or risk
long-term viability," DeRose said.

In A.M. Best's view, companies with diverse business portfolios,
advanced distribution capabilities and broad geographic scope are
better-positioned to withstand the pressures in this difficult
operating environment and have greater ability to target profitable
opportunities as they arise.


[] A.M. Best Retains Commercial Lines Insurance Outlook Negative
----------------------------------------------------------------
A.M. Best has maintained a negative outlook on the commercial lines
segment of the U.S. property/casualty industry for 2017, reflecting
continuing pressure points that are likely to drive deterioration
in results through the year.

The Best's Briefing, titled, "Commercial Lines Outlook Remains
Negative as Market Conditions Become Increasingly Competitive
Across the Segment," states that the segment is being impacted by
intensifying price competition in most lines, decreasing levels of
favorable development of prior years' loss reserves and
persistently low investment yields, as well as a return to a more
historically normal level of catastrophe losses.

Overall, the segment's profitability remains solid, but these
results continue to be driven primarily by dominant players that
have established defensible positions and whose results reflect
consistent underwriting fundamentals and income generated by
conservative investments.

Workers' compensation and general liability rates remain under
pressure and most property lines of business continue to see rate
reductions. While commercial automobile rate achievement remains
well above the industry average, price adequacy in this line
remains a challenge for some companies as a result of continuing
elevated frequency and severity trends. Those companies that have
developed capabilities to effectively establish technical price and
maintain underwriting criteria will be best-positioned to manage
the competitive phase of the market cycle.

With operating performance, business profiles and enterprise risk
management capabilities remaining in line with expectations, A.M.
Best anticipates that the majority of rating actions in this
segment will be affirmations. However, as performance metrics
deteriorate for companies that are in a weaker competitive
position, these companies may also face lower risk-adjusted capital
levels, all of which would lead to the potential for negative
rating actions.


[] A.M. Best Retains Neg. Outlook on US Health Insurance Sector
---------------------------------------------------------------
A.M. Best has maintained a negative outlook on the U.S. health
insurance sector for 2017, citing the pressure being placed on
health insurers' earnings and capitalization from the Patient
Protection and Affordable Care Act (ACA) and growth in lower margin
product lines.

A new Best's Briefing, titled, "A.M. Best Maintains Negative
Outlook on the U.S. Health Industry," states that although A.M.
Best acknowledges that the commercial group health market remains
profitable, the losses experienced on the health insurance exchange
business have led to a lower level of earnings for the third
consecutive year. The exchange population continues to be high risk
and a greater utilizer of services. For 2017, the number of
carriers that exited the exchanges grew, and this has resulted in
more markets with just a single carrier participating. Premium
increases in 2017 escalated in many markets as well, which could
lead to fewer healthier participants electing coverage, especially
if the individual is paying a significant portion of the cost. This
would negatively impact the risk pool of the exchange population.

Moreover, two of the three Centers for Medicare and Medicaid
Services (CMS) programs designed to stabilize claims experience for
insurance carriers concluded at the end of 2016. Known as the 3Rs,
they were made up of: risk corridors, risk adjustment, and
reinsurance recoverables. Only the risk-adjustment program remains
for 2017.

Health insurers have experienced significant growth in the
government-funded sector, which includes Medicaid managed care and
Medicare Advantage. The growth in Medicaid managed care has been
driven by the expansion in numerous states for program eligibility
to 133% of the federal poverty level. While Medicaid managed care
has been profitable for some companies, margins could compress with
contract renewals. However, even with margin compression, A.M. Best
anticipates earnings should remain favorable. Given the aging
population, carriers also have expanded into the Medicare Advantage
space with a focus on the star bonus program; however, losses of a
four-star or higher rating have led to membership declines.

Although not factored into A.M. Best's 2017 outlook on the U.S.
health insurance industry, it is highly anticipated that changes
will be made to the ACA due to the results of the U.S. presidential
election and Republican control of Congress. While it is expected
that the repeal may be passed in the first half of 2017, the
replacement plan may not be passed until later in the year. A.M.
Best does not expect any significant impact to the ACA for 2017 and
that the earliest significant changes could occur is 2018, although
that would depend upon when a replacement plan is developed and
passed.

A.M. Best believes overall losses may improve in 2017 for some
carriers due to rate increases, product redesigns and market exits.
However, A.M. Best still anticipates losses on carriers' exchange
business due to the higher risk and utilization trends of this
population. Furthermore, in 2017, it is possible that the higher
premium cost coupled with uncertainty around the future access to
comprehensive benefits may put additional pressure on utilization,
as members might be accelerating treatments prior to repeal and
replace.


[^] Recent Small-Dollar & Individual Chapter 11 Filings
-------------------------------------------------------
In re CCF Enterprises, LLC
   Bankr. M.D. Fla. Case No. 16-04579
      Chapter 11 Petition filed December 16, 2016
         See http://bankrupt.com/misc/flmb16-04579.pdf
         represented by: Anthony J. Comparetto, Esq.
                         COMPARETTO LAW FIRM
                         E-mail: ajc@comparettolawfirm.com

In re William Arthur Willis
   Bankr. D. Md. Case No. 16-26458
      Chapter 11 Petition filed December 16, 2016
         represented by: John Douglas Burns, Esq.
                         THE BURNS LAWFIRM, LLC
                         E-mail: ecf@burnsbankruptcyfirm.com

In re Edward N. Fitzgerald, III and Karen A. Fitzgerald
   Bankr. E.D.N.C. Case No. 16-06455
      Chapter 11 Petition filed December 16, 2016
         represented by: Danny Bradford, Esq.
                         PAUL D. BRADFORD, PLLC
                         E-mail: dbradford@bradford-law.com

In re Watts Perfections, Inc.
   Bankr. W.D.N.C. Case No. 16-40523
      Chapter 11 Petition filed December 16, 2016
         See http://bankrupt.com/misc/ncwb16-40523.pdf
         represented by: William S. Gardner, Esq.
                         GARDNER LAW OFFICES, PLLC
                         E-mail: Billgardner@gardnerlawoffices.com

In re Dabin Trucking, Inc.
   Bankr. D.N.J. Case No. 16-33969
      Chapter 11 Petition filed December 16, 2016
         See http://bankrupt.com/misc/njb16-33969.pdf
         represented by: Scott M. Itzkowitz, Esq.
                         E-mail: scottitzkowitz@aol.com

In re 1 Perry St. Restaurant Inc.
   Bankr. E.D.N.Y. Case No. 16-45681
      Chapter 11 Petition filed December 16, 2016
         See http://bankrupt.com/misc/nyeb16-45681.pdf
         represented by: Lawrence Morrison, Esq.
                         MORRISON TENENBAUM PLLC
                         E-mail: lmorrison@m-t-law.com

In re Fussion Restaurant Group Inc.
   Bankr. D.P.R. Case No. 16-09756
      Chapter 11 Petition filed December 16, 2016
         See http://bankrupt.com/misc/prb16-09756.pdf
         represented by: Juan Carlos Bigas Valedon, Esq.
                         JUAN C BIGAS LAW OFFICE
                         E-mail: cortequiebra@yahoo.com

In re Richard Francis Saskowski
   Bankr. M.D. Tenn. Case No. 16-08922
      Chapter 11 Petition filed December 16, 2016
         represented by: Denis Graham (Gray) Waldron, Esq.
                         LAW OFFICE OF TIMOTHY G NIARHOS
                         E-mail: gray@niarhos.com

In re HD Retail Repair, LLC
   Bankr. N.D. Tex. Case No. 16-34817
      Chapter 11 Petition filed December 16, 2016
         See http://bankrupt.com/misc/txnb16-34817.pdf
         represented by: Robert Thomas DeMarco, Esq.
                         DEMARCO-MITCHELL, PLLC
                         E-mail: robert@demarcomitchell.com

In re Eric W. Stetenfeld and Elizabeth Stetenfeld
   Bankr. S.D. Tex. Case No. 16-36423
      Chapter 11 Petition filed December 16, 2016
         See http://bankrupt.com/misc/txsb16-36423.pdf
         Filed Pro Se

In re Channing Wynne Steele
   Bankr. E.D. Va. Case No. 16-14244
      Chapter 11 Petition filed December 16, 2016
         represented by: Christopher S. Moffitt, Esq.
                         E-mail: moffittlawoffices@gmail.com

In re Juan Carlos Morales and Mirtha Morales
   Bankr. S.D. Fla. Case No. 16-26663
      Chapter 11 Petition filed December 17, 2016
         represented by: Richard Siegmeister, Esq.
                         E-mail: rspa111@att.net

In re Blackridge Group, Inc.
   Bankr. C.D. Cal. Case No. 16-26507
      Chapter 11 Petition filed December 18, 2016
         See http://bankrupt.com/misc/cacb16-26507.pdf
         represented by: Allan O Cate, Esq.
                         CATE LEGAL GROUP
                         E-mail: allan@acatelaw.com

In re James Warren
   Bankr. E.D. Ark. Case No. 16-16706
      Chapter 11 Petition filed December 19, 2016
         represented by: Sheila F. Campbell, Esq.
                         SHEILA CAMPBELL, P.A.
                         E-mail: campbl@sbcglobal.net

In re Desert Fun Foods, LLC
   Bankr. D. Ariz. Case No. 16-14236
      Chapter 11 Petition filed December 19, 2016
         See http://bankrupt.com/misc/azb16-14236.pdf
         represented by: Daniel J. Rylander,Esq.
                         DANIEL J. RYLANDER, P.C.
                         E-mail: ecf@robrylaw.com

In re Citi Cars Inc.
   Bankr. S.D. Fla. Case No. 16-26681
      Chapter 11 Petition filed December 19, 2016
         See http://bankrupt.com/misc/flsb16-26681.pdf
         Filed Pro Se

In re Barbara A. Wigley
   Bankr. D. Minn. Case No. 16-43707
      Chapter 11 Petition filed December 19, 2016
         represented by: Joel D. Nesset, Esq.
                         COZEN O'CONNOR
                         E-mail: jnesset@cozen.com

In re Mario Moretto
   Bankr. E.D.N.Y. Case No. 16-45691
      Chapter 11 Petition filed December 19, 2016
         represented by: J Ted Donovan, Esq.
                         GOLDBERG WEPRIN FINKEL GOLDSTEIN LLP
                         E-mail: Tdonovan@gwfglaw.com

In re Rose Bernadine Eskandari
   Bankr. E.D. Va. Case No. 16-14261
      Chapter 11 Petition filed December 19, 2016
         represented by: Steven H. Greenfeld, Esq.
                         COHEN BALDINGER & GREENFELD, LLC
                         E-mail: steveng@cohenbaldinger.com

In re Jesse Basich
   Bankr. N.D. Ill. Case No. 16-39834
      Chapter 11 Petition filed December 20, 2016
         represented by: J Kevin Benjamin, Esq.
                         BENJAMIN & BRAND LLP
                         E-mail: attorneys@benjaminlaw.com

In re Kanwal Kaur Minhas
   Bankr. D. Md. Case No. 16-26585
      Chapter 11 Petition filed December 20, 2016
         represented by: Morgan William Fisher, Esq.
                         LAW OFFICES OF MORGAN FISHER LLC
                         E-mail: bk@morganfisherlaw.com

In re The Redeemed Christian Church of God, House of Praise, NY
   Bankr. E.D.N.Y. Case No. 16-75866
      Chapter 11 Petition filed December 20, 2016
         See http://bankrupt.com/misc/nyeb16-75866.pdf
         represented by: Irene Nwanyanwu, Esq.
                         ANELE & ASSOCIATES
                         E-mail: irenenn@optonline.net

In re Bronx Midtown Locksmiths
   Bankr. S.D.N.Y. Case No. 16-13540
      Chapter 11 Petition filed December 20, 2016
         See http://bankrupt.com/misc/nysb16-13540.pdf
         represented by: Irene M. Costello, Esq.
                         SHIPKEVICH, PLLC
                         E-mail: icostello@shipkevich.com

In re German Rosado Santana and Lillian Alejandro Diaz
   Bankr. D.P.R. Case No. 16-09874
      Chapter 11 Petition filed December 20, 2016
         represented by: Nicolas A. Wong, Esq.
                         WONG LAW OFFICES
                         E-mail: lcdo.nwong@gmail.com

In re Wired Coffee Bar, LLC
   Bankr. E.D. Tenn. Case No. 16-15452
      Chapter 11 Petition filed December 20, 2016
         See http://bankrupt.com/misc/tneb16-15452.pdf
         represented by: W. Thomas Bible, Jr., Esq.
                         LAW OFFICE OF W. THOMAS BIBLE, JR.
                         E-mail: wtbibleecf@gmail.com

In re Charles Blake Stringer
   Bankr. N.D. Tex. Case No. 16-44871
      Chapter 11 Petition filed December 20, 2016
         represented by: Jeff P. Prostok, Esq.
                         FORSHEY & PROSTOK, LLP
                         E-mail: jpp@forsheyprostok.com

In re Dip-Tex Customs
   Bankr. S.D. Tex. Case No. 16-36461
      Chapter 11 Petition filed December 20, 2016
         See http://bankrupt.com/misc/txsb16-36461.pdf
         Filed Pro Se

In re Peter E. Kim
   Bankr. W.D. Tex. Case No. 16-32054
      Chapter 11 Petition filed December 20, 2016
         represented by: E. P. Bud Kirk, Esq.
                         E-mail: budkirk@aol.com

In re Dalton Evonne Grant
   Bankr. C.D. Cal. Case No. 16-26583
      Chapter 11 Petition filed December 20, 2016
         represented by: Joshua L. Sternberg, Esq.
                         STERNBERG LAW GROUP
                         E-mail: js@sternberglawgroup.com

In re Ardalan Ardy Shokri
   Bankr. N.D. Cal. Case No. 16-43480
      Chapter 11 Petition filed December 20, 2016
         represented by: David A. Arietta, Esq.
                         LAW OFFICES OF DAVID A. ARIETTA
                         E-mail: david@ariettalaw.com

In re Creative Catering of Wadhams, LLC
   Bankr. E.D. Mich. Case No. 16-57000
      Chapter 11 Petition filed December 21, 2016
         See http://bankrupt.com/misc/mieb16-57000.pdf
         represented by: David R. Heyboer, Esq.
                         HEYBOER LAW PLC
                         E-mail: HFLaw@iwarp.net

In re Mel Wabuke
   Bankr. C.D. Cal. Case No. 16-26645
      Chapter 11 Petition filed December 21, 2016
         represented by: David A. Tilem, Esq.
                         LAW OFFICES OF DAVID A. TILEM
                         E-mail: davidtilem@tilemlaw.com

In re Matthew Aaron Beard
   Bankr. W.D. Mo. Case No. 16-61279
      Chapter 11 Petition filed December 22, 2016
         represented by: David E. Schroeder, Esq.
                         DAVID SCHROEDER LAW OFFICES, PC
                         E-mail: bk1@dschroederlaw.com

In re Rhino Gear Manufacturing Inc.
   Bankr. N.D. Ohio Case No. 16-16968
      Chapter 11 Petition filed December 22, 2016
         See http://bankrupt.com/misc/ohnb16-16968.pdf
         represented by: Glenn E. Forbes, Esq.
                         FORBES LAW LLC
                         E-mail: bankruptcy@geflaw.net

In re Haro Investment Corp
   Bankr. D.P.R. Case No. 16-09944
      Chapter 11 Petition filed December 22, 2016
         See http://bankrupt.com/misc/prb16-09944.pdf
         represented by: Maximiliano Trujillo Gonzalez, Esq.
                         E-mail: maxtrujillolegal@gmail.com


                            *********

Monday's edition of the TCR delivers a list of indicative prices
for bond issues that reportedly trade well below par.  Prices are
obtained by TCR editors from a variety of outside sources during
the prior week we think are reliable.  Those sources may not,
however, be complete or accurate.  The Monday Bond Pricing table
is compiled on the Friday prior to publication.  Prices reported
are not intended to reflect actual trades.  Prices for actual
trades are probably different.  Our objective is to share
information, not make markets in publicly traded securities.
Nothing in the TCR constitutes an offer or solicitation to buy or
sell any security of any kind.  It is likely that some entity
affiliated with a TCR editor holds some position in the issuers
public debt and equity securities about which we report.

Each Tuesday edition of the TCR contains a list of companies with
insolvent balance sheets whose shares trade higher than $3 per
share in public markets.  At first glance, this list may look like
the definitive compilation of stocks that are ideal to sell short.
Don't be fooled.  Assets, for example, reported at historical cost
net of depreciation may understate the true value of a firm's
assets.  A company may establish reserves on its balance sheet for
liabilities that may never materialize.  The prices at which
equity securities trade in public market are determined by more
than a balance sheet solvency test.

On Thursdays, the TCR delivers a list of recently filed
Chapter 11 cases involving less than $1,000,000 in assets and
liabilities delivered to nation's bankruptcy courts.  The list
includes links to freely downloadable images of these small-dollar
petitions in Acrobat PDF format.

Each Friday's edition of the TCR includes a review about a book of
interest to troubled company professionals.  All titles are
available at your local bookstore or through Amazon.com.  Go to
http://www.bankrupt.com/books/to order any title today.

Monthly Operating Reports are summarized in every Saturday edition
of the TCR.

The Sunday TCR delivers securitization rating news from the week
then-ending.

TCR subscribers have free access to our on-line news archive.
Point your Web browser to http://TCRresources.bankrupt.com/and use
the e-mail address to which your TCR is delivered to login.

                            *********

S U B S C R I P T I O N   I N F O R M A T I O N

Troubled Company Reporter is a daily newsletter co-published
by Bankruptcy Creditors Service, Inc., Fairless Hills,
Pennsylvania, USA, and Beard Group, Inc., Washington, D.C., USA.  
Jhonas Dampog, Marites Claro, Joy Agravante, Rousel Elaine
Tumanda, Valerie Udtuhan, Howard C. Tolentino, Carmel Paderog,
Meriam Fernandez, Joel Anthony G. Lopez, Cecil R. Villacampa,
Sheryl Joy P. Olano, Psyche A. Castillon, Ivy B. Magdadaro, Carlo
Fernandez, Christopher G. Patalinghug, and Peter A. Chapman,
Editors.

Copyright 2016.  All rights reserved.  ISSN: 1520-9474.

This material is copyrighted and any commercial use, resale or
publication in any form (including e-mail forwarding, electronic
re-mailing and photocopying) is strictly prohibited without prior
written permission of the publishers.  Information contained
herein is obtained from sources believed to be reliable, but is
not guaranteed.

The TCR subscription rate is $975 for 6 months delivered via
e-mail.  Additional e-mail subscriptions for members of the same
firm for the term of the initial subscription or balance thereof
are $25 each.  For subscription information, contact Peter A.
Chapman at 215-945-7000 or Nina Novak at 202-362-8552.

                   *** End of Transmission ***