TCR_Public/170116.mbx          T R O U B L E D   C O M P A N Y   R E P O R T E R

              Monday, January 16, 2017, Vol. 21, No. 15

                            Headlines

1041 LITTLE EAST: Wants to Use Bank of Hope Cash Collateral
1263 INVESTORS: Disclosures OK'd; Plan Hearing on Feb. 16
510 MAIN STREET: Taps Steiner & Blotnik as Legal Counsel
961-969 WESTCHESTER: Creditors To Be Paid From Sale Proceeds
ACHAOGEN INC: Baker Bros., et al., Hold 13.1% Stake as of Dec. 31

ADAMIS PHARMACEUTICALS: 2017 Bonus Plan & Performance Goals Okayed
ADAMIS PHARMACEUTICALS: Sabby Reports 4.5% Stake
ADVANCED SOLIDS: Selling Furniture on Consignment with H. Lancaster
ADVANTAGE AVIATION: AAT II Unsecureds to be Paid 30% Under Plan
ALLEGHENY ENERGY: S&P Lowers ICR to 'B+', Still on Watch Developing

ALLEN ACADEMY: S&P Lowers 2013 Bonds Rating to D on Missed Payment
ALLEN BROTHERS: Unsecureds To Recoup 100% Over 60 Months
ALON USA: S&P Affirms 'B+' Corp. Credit Rating, Outlook Stable
ALTA MESA: Moody's Raises Corp. Family Rating to B3
AMERICAN APPAREL: Bankruptcy Deal Leaves Retail Future in Doubt

AMERICAN BATH: S&P Affirms 'B' CCR on Proposed Acquisition of Maax
AMPLIPHI BIOSCIENCES: Sabby Reports 8.6% Stake as of Dec. 31
ANDERSON UNIVERSITY: Fitch Assigns 'BB' Rating on $34.6MM Bonds
APOLLO ENDOSURGERY: H.I.G. Ventures, et al., Hold 13.6% Stake
ARCHITEL SYSTEMS: Jan. 24 Hearing on Chapter 15 Recognition Bid

ARM VENTURES: Disclosure Statement Hearing Set for Feb. 8
AXIOM WORLDWIDE: Directed to File Plan, Disclosures Before March 13
AZURE MIDSTREAM: S&P Affirms 'CCC+' Issue Level Rating
B&L EQUIPMENT: Unsecureds to be Paid 100% Under Committee Plan
BAIA LLC: Can Use SF IV Bridge IV Cash Collateral Until Jan. 31

BARBARA RUSSO: Selling 51% Interest in LA Property for $1.9 Million
BAY CIRCLE: Can Use Up to $25,810 Cash for Examiner Fees
BC EQUITY: S&P Withdraws 'BB-' Rating on $75MM Bridge Loan
BIG APPLE CIRCUS: Sale of Walden Property to Polich for $2.5M OK'd
BIG APPLE CIRCUS: Stampler to Auction Circus Assets on Feb. 7

BILTMORE 24 INVESTORS: U.S. Trustee Unable to Appoint Committee
BIODATA MEDICAL: Resolves Issues With UST Over Yaspan Employment
BIODATA MEDICAL: Seeks to Hire Muhammad Khilji as Accountant
BON-TON STORES: 2016 Holiday Comparable Store Sales Dropped 3.1%
BOWER CONTRACTING: U.S. Trustee Unable to Appoint Committee

BROUGHER INC: Seeks Court Approval of Use of TBK Bank Cash
BROWN JORDAN: Moody's Assigns B2 CFR & Rates New $160MM Loan B2
BROWN JORDAN: S&P Assigns 'B' CCR on Moderate Debt Leverage
CAMERON KUHN: Orlando Developer Files Bankruptcy With $22.8M Debt
CAROLINA MOLD: Hires Ivey, McClellan, Gatton & Siegmund as Attorney

CAROLLO BAR: Hearing on Approval of Disclosures Set For Feb. 21
CASELLA WASTE: Moody's Assigns Caa1 to $25MM FAME Bonds
CASELLA WASTE: S&P Assigns 'CCC+' Rating on Proposed $25MM Bonds
CHICAGO PUBLIC SCHOOLS: Liquidity Crisis Worsens, Moody's Says
CLAIRE'S STORES: Units Ink $50M Credit Pact with Angelo Gordon

CLAYTON WILLIAMS: Director Resignation Triggers Listing Deficiency
CLINICA SANTA ROSA: Wants Premium Financing from IPFS Corporation
CLUB VILLAGE: Seeks to Hire Akerman as Special Counsel
COATES INTERNATIONAL: Issues $43,000 Promissory Notes to Power Up
COMPANION DX: Plan Disclosures Hearing Set for Feb. 14

COOK INVESTMENTS: U.S. Trustee Unable to Appoint Committee
CREEKSIDE CANCER: Seeks to Hire Anderson & Whitney as Accountant
CRISTALEX INC.: Hires Falcon-Sanchez & Associates as Accountant
CRYSTAL LAKE GOLF: Wants to Continue Using Cash Collateral
DAMAR HOLDINGS: Voluntary Chapter 11 Case Summary

DE-TECH COLLISION: Seeks to Hire Skillman Group as Accountant
DEAN YOUNG: Court Approves Disclosure Statement
DIADEM ENTERPRISES: Hires McWhorter, Cobb & Johnson as Counsel
DRAFT CONTRACTING: Unsecureds to be Paid Over 5 Yrs., Plus 2.5%
DTEK FINANCE: Hearing Tomorrow on Chapter 15 Recognition Bid

DUBLIN SCHOOL: S&P Puts GO Debt's 'BB+' Rating on CreditWatch Neg.
ESPLANADE HL: Can Continue Using First Midwest Cash Collateral
ESSAR STEEL: Conglomerate Faces $1-Bil. Suit from Minnesota Unit
ESSENTIAL LIVING: Hires Hiramatsu as Financial Consultants
ESSENTIAL LIVING: Sale of Assets to Terraholdings for $1.8M Okayed

ETERNAL ENTERPRISE: Can Continue Using Hartford Cash Collateral
ETERNAL ENTERPRISE: Can Use Cash Collateral to Pay A.D. Property
EXCELLENCE HOLDING: Seeks to Hire Hurley Rogner as Special Counsel
EXCELLENCE HOLDING: Taps Success Investment as Real Estate Broker
FIRST PHOENIX-WESTON: Sabra Wants to Terminate Exclusivity Period

FIRSTENERGY SOLUTIONS: Fitch Assigns 'CC' LT Issuer Default Rating
FLORIDA MOVING: Unsecureds To Recoup 15% in 5 Years Under Plan
FOUNTAINS OF BOYNTON: Unsecureds To Be Paid in Full Under Plan
FRYMIRE SERVICES: Files Ch. 11 Plan of Liquidation
GASTAR EXPLORATION: Declares Special Cash Dividends on Pref. Stock

GEORGINA LLC: Asks Court to Approve Disclosure Statement
GIBLET INC: Wants to Use Colorado DOR Cash Collateral
GOLDEN MARINA: Wisconsin Gas Buying Greenfield Properties for $4M
GRACE GEMS GALLERIA: Claimant Opposes Approval of Plan Outline
GREAT BASIN: Amends Form S-1 Preliminary Prospectus with SEC

GREAT BASIN: Sabby Healthcare Owns 9.9% Equity Stake as of Dec. 31
GULFMARK OFFSHORE: Purchase Pact with MFP & Franklin Canceled
HANISH LLC: Can Use Phoenix NPL Cash Collateral on Final Basis
HARO INVESTMENT: Unsecureds to Get Full Payment, Plus 4%
HENSON MECHANICAL: Can Use Brand Banking Cash on Interim Basis

HIGHLANDS OF MEMPHIS: Can Continue Using Existing Bank Accounts
ICAHN ENTERPRISES: S&P Affirms 'BB+' ICR Over Rights Offering
INNOVATIVE OBJECTS: Unsecureds To Be Paid Monthly Over Seven Yrs.
INT'L SHIPHOLDING: Plan Confirmation Hearing Set for February 1
INTELLICELL BIOSCIENCES: YA II PN Reports 9.9% Stake as of Dec. 31

INTOWN COMPANIES: Feb. 23 Plan Confirmation Hearing
INTOWN COMPANIES: Trade Creditors To Recover 100% Over 5 Years
IOWA HEALTHCARE: Marshalltown Hospital Sale Moves Forward
J&A REAL ESTATE: Unsecured Creditors to be Paid 100% in 60 Months
JEFFREY L. MILLER: Can Use Private Financing Alternatives Cash

JOINT VENTURE DEV'T: Trustee Seeks to Hire Robinson as Realtor
JOSEPH SLABY: J&K Buying Arcadia Property for $925K
KEMET CORP: Royce & Associates Reports 8% Stake as of Dec. 31
KEN'S CUSTOM: Seeks Authorization to Use Ridgestone Cash Collateral
KLN MANUFACTURING: To Close Local Operations in February

LB VENTURES: Seeks Authority to Use Cash Collateral
LB VENTURES: Taps Parker & Associates as Legal Counsel
LEADER INDUSTRIES: U.S. Trustee Unable to Appoint Committee
LEGEND OIL: Hillair Capital Holds 76.6% Equity Stake as of Jan. 9
LEVEL 8 APPAREL: Court Allows Use of IRS Cash Collateral

LOPEK COMPANIES: Allowed to Use Cash Collateral on Final Basis
LUKE'S INCORPORATED: Feb. 14 Disclosure Statement Hearing
MAHI LLC: Disclosures Okayed, Plan Hearing on Jan. 31
MARETTE PACE: McNairs Buying Las Vegas Property for $190K
MCCLATCHY CO: Inks Deal to Sell & Lease Back Real Properties

MCCLATCHY CO: Royce & Assoc Holds 12.5% CL-A Shares as of Dec. 31
MEDIACOM ILLINOIS: Moody's Assigns Ba2 Rating to $500MM Loan K
MEDIACOM LLC: S&P Assigns 'BB+' Rating on Proposed $500MM Loan
MEG ENERGY: Moody's Hikes CFR to B3 & Unsec Notes Rating to Caa2
MELODY GOOD GIRL: Directed to File Plan, Disclosures Before April 6

MELODY GOOD GIRL: U.S. Trustee Unable to Appoint Committee
METCOM NETWORK: Epsilon Buying All Assets for $3.7 Million
MIDWEST ASPHALT: Case Summary & 20 Largest Unsecured Creditors
MINI MASTER: Hires Luis R. Carrasquillo & Co. as Fin'l Consultant
MY-WAY TRADING: U.S. Trustee Unable to Appoint Committee

NAUGHTON PLUMBING: U.S. Trustee Unable to Appoint Committee
NAVISTAR INT'L: Moody's Assigns Caa1 to $200MM Unsec. Notes Add-On
NEOVIA LOGISTICS: S&P Lowers CCR to 'CC' & Puts on Watch Neg.
NEVADA GAMING: U.S. Trustee Forms Three-Member Committee
NEW YORK CRANE: Bernadette Panzella Tries To Block Disclosures OK

NORTEL NETWORKS: Solus, PointState Try To Block Disclosures OK
NORTH CENTRAL FLORIDA YMCA: Wells Fargo Wants to Prohibit Cash Use
NORTH CENTRAL YMCA: Wants to Use Wells Fargo Cash Collateral
NUTRITION RUSH: EOS Buying Equipment for $22K
OLIVE BRANCH: Seeks to Use Porrazzo, Bascom Cash Collateral

OLYMPIA OFFICE: U.S. Trustee Unable to Appoint Committee
PALMER FARMS: Unsecureds To Get Pro Rata Share from $10K/Yr. Funds
PALOSKI SALON: Unsecureds To Get 100% Over 10 Years
PARADISE MEDSPA: U.S. Trustee Unable to Appoint Committee
PAROLE BESTGATE: Can Use Elizon DB Cash Collateral Until Feb. 28

PEABODY ENERGY: Newport Buying DTA Ownership Interest for $10M
PELICAN INLET: Disclosure Statement Conditionally Approved
PENN GAMING: Moody's Assigns B2 Rating to New $400MM Unsec. Notes
PENN NATIONAL: S&P Assigns 'B+' Rating on New $400MM Unsec. Notes
PETROQUEST ENERGY: MacKay Shields Holds 7.7% Stake as of Dec. 31

PIONEER BREAKER: Can Continue Using JPMorgan Cash Collateral
PIONEER CARRIERS: Taps Baker & Associates as Legal Counsel
PRESTIGE BRANDS: S&P Affirms 'B+' CCR, Off CreditWatch Negative
RADIOSHACK CORP: Former Lender Starts Firm to Bet on Retail Turmoil
RENNOVA HEALTH: Sabby Healthcare Reports 3.8% Stake as of Dec. 31

RESCUE ONE: Seeks Authorization to Use IRS Cash Collateral
REVOLVE SOLAR: CED Objects To Disclosure Statement
REVOLVE SOLAR: Fleet Staff Objects To Disclosure Statement
RIDGEVILLE PLAZA: Can Use Cash Collateral Until Jan. 31
RIVERWOOD GAS: Taps Orantes Law Firm as Legal Counsel

ROOMSTORES OF PHOENIX: Feb. 21 Plan Confirmation Hearing
SANTA ROSA ANIMAL: Can Use Bank of America Cash on Final Basis
SC CONCRETE: Disclosures Okayed, Plan Hearing on Jan. 25
SCRIPSAMERICA INC: U.S. Trustee Disbands Creditors' Committee
SEARS HOLDINGS: ESL Partners Reports 55.9% Stake as of Jan. 11

SEARS HOLDINGS: To Sell Craftsman Brand to Stanley Black for $900M
SEATRUCK INC: Can Continue Using Cash Collateral Through March 6
SHORELINE ENERGY: Feb. 10 Plan, Disclosure Statement Hearing
SKYLINE CORP: Incurs $595,000 Net Loss in Second Quarter
SOUTHCROSS ENERGY: EIG BBTS Indirectly Own 71.7% of Common Units

SOUTHCROSS ENERGY: Southcross Holdings Reports 71.7% Common Units
SOUTHCROSS HOLDINGS: S&P Affirms 'CCC+' Issue Level Rating on Debt
SPD LLC: Can Use South Side Trust Cash Collateral Until April 1
SPI ENERGY: Announces Global Headquarters Address
SPRINT COMMUNICATIONS: S&P Rates Proposed $3.5BB Facility 'BB-'

SQN HELO 5: U.S. Trustee Unable to Appoint Committee
STEINY AND COMPANY: Court Allows Use of IRS Cash Collateral
TAMARACK CONDOMINIUM: Plan Confirmation Hearing on Feb. 21
TATOES LLC: Wants to Continue Using of RAF Cash Collateral
TEAM HEALTH: Blackstone Financing Changes No Impact on Moody's CFR

TEAM HEALTH: Fitch Assigns 'B-' Rating on $1.015BB Unsec. Notes
TLC EDUCATION: Revises Application to Hire Hellmuth as Counsel
TRANSDIGM INC: S&P Assigns 'B' Rating on Proposed $1.228BB Loan
TRANSMAR COMMODITY: Wants to Use Cash Collateral Until March 31
TURNER TREE: Second Amended Disclosure Statement Approved

TUSCANY ENERGY: Has Until Feb. 10 to Use Armstrong Bank Cash
UGHS SENIOR LIVING: Ch. 7 Conversion, Ch. 11 Trustee Sought
UP FIELDGATE: Can Use Bancorp Bank Cash Collateral on Interim Basis
USA DISCOUNTERS: Liquidating Plan to Pay Unsecureds Up to 7%
VALUEPART INC: Allowed to Continue Using Cash Collateral

VANGUARD HEALTHCARE: HFS Files Limited Objection To Plan Outline
VENUS HOSPITALITY: Unsecureds To Get $18,000 Under Plan
VESCO CONSULTING: Authorized to Use Cash Collateral Until June 30
WGC INC: Unsecured Creditors To Get $0 Under Plan
WORLD OF DISCOVERY: Unsecureds to be Paid 17.5% Over 3 Years

XTERA COMMUNICATIONS: Taps Epiq as Administrative Advisor
YIELD10 BIOSCIENCE: Director Matthew Strobeck Resigns
[*] Schulte Roth & Zabel Announces Promotions of Attorneys
[^] BOND PRICING: For the Week from January 9 to 13, 2017

                            *********

1041 LITTLE EAST: Wants to Use Bank of Hope Cash Collateral
-----------------------------------------------------------
945 Little East Neck Road, LLC, 956 Little East Neck Road, LLC, and
1041 Little East Neck Road, LLC ask the U.S. Bankruptcy Court for
the Eastern District of New York, to approve their Stipulation with
Bank of Hope, allowing the Debtors to use cash collateral.

Bank of Hope asserts a prepetition claim against the Debtors in the
principal amount of $294,965, pursuant to a loan and security
agreement.  Bank of Hope also asserts a lien and security interest
in all of the Debtors' assets to secure the debt.

The Debtors tell the Court that in order to continue the operation
of their businesses, they must pay costs and expenses necessary to
operate their businesses and preserve and maintain their
businesses, including, wages, salaries, rent, supplies and other
expenses.

The Stipulation provides that the Debtors are allowed to use cash
collateral:

   (1) in the ordinary course of their businesses for payment of
expenses incurred, or to be incurred in the ordinary course;

   (2) for payment of any filing fees or United States Trustee
fees, in connection with the cases; and

   (3) for payment of any professional fees and expenses, to the
extent allowed in the case.

The Stipulation grants Bank of Hope a continuing postpetition
security interest in all of the assets of the Debtors and all
substitutions therefore, which are created, acquired and in which
the Debtors obtain an interest subsequent to the Petition Date.

The Debtors are obligated to make monthly adequate protection
payments in the amount of $6,440 to Bank of Hope, until the
maturity of the pertinent loan on May 28, 2017, or such time as
each of the Debtors' cases has resulted in confirmation of a
Chapter 11 Plan, dismissal, or conversion to a case under Chapter
7, whichever is earlier.

The Debtor will be authorized to use cash collateral until the
maturity of the pertinent loan on May 28, 2017, or such time as
each of the Debtors' cases has resulted in confirmation of a
Chapter 11 Plan, dismissal, or conversion to a case under Chapter
7, whichever is earlier.

A full-text copy of the Debtors' Motion, dated Jan. 9, 2017, is
available at
http://bankrupt.com/misc/945LittleEast2016_81674896las_19.pdf

A full-text copy of the Stipulation, dated Jan. 9, 2017, is
available at
http://bankrupt.com/misc/945LittleEast2016_81674896las_19_1.pdf

Bank of Hope is represented by:

          Tae H. Whang, Esq.
          LAW OFFICE OF TAE H. WHANG, ESQ.
          185 Bridge Plaza North, Suite 201
          Fort Lee, NJ 07024
          Telephone: (201) 461-0300

945 Little East Neck Road, LLC, 956 Little East Neck Road, LLC, and
1041 Little East Neck Road, LLC, are represented by:

          Craig D. Robins, Esq.
          35 Pinelawn Rd., Suite 218-E
          Melville, NY 11747
          Telephone: (516) 496-0800

                  About 1041 Little East Neck Road

1041 Little East Neck Road LLC, 945 Little East Neck Road LLC and
956 Little East Neck Road LLC are New York limited liability
companies, each engaged in the business of operating a different
gasoline service station along a stretch of Little East Neck Road,
West Babylon, New York.  The Debtors have owned these businesses
since 2005.  Each gas station primarily sells gas, but like most
gas stations today, each also sells convenience store items such as
beverages, cigarettes, snacks and lottery tickets.  In addition,
one of the gas stations, 956 Little East Neck Road, has mechanic
bays which that Debtor rents out.

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

The cases are assigned to Judge Robert E. Grossman.

At the time of the filing, 1041 Little East disclosed $554,177 in
assets and $1,240,000 in liabilities.  945 Little East reported
total assets of $361,256 and total debts of $1.19 million.
Meanwhile, 956 Little East disclosed $173,539 in assets and $1.02
million in liabilities.

The Debtors are represented by Craig D. Robins, Esq.


1263 INVESTORS: Disclosures OK'd; Plan Hearing on Feb. 16
---------------------------------------------------------
The Hon. Ronald H. Sargis of the U.S. Bankruptcy Court for the
Eastern District of California has approved 1263 Investors, LLC's
disclosure statement dated Oct. 9, 2016, referring to the Debtor's
amended plan of reorganization dated Oct. 9, 2016.

The hearing on confirmation of the Plan is set for Feb. 16, 2017,
at 11:30 a.m.

Feb. 10, 2017, is the deadline for filing objections to the
confirmation of the Plan.

The plan proponent will file and serve its argument and evidence in
support of confirmation, replies to any opposition, and a ballot
tabulation, no later than Feb. 13, 2017.

As reported by the Troubled Company Reporter on Oct. 19, 2016, the
Debtor submitted to the Court the Amended Disclosure Statement in
support of its First Amended Plan of Reorganization.  The Debtor
relates that payments and distributions under the Plan will be
funded by the sale of real property.  All sales contemplated by the
Plan will be completed within 60 months of the Plan Effective Date.
It is the intention of the Debtor to complete these sales in much
less time.

                 About 1263 Investors

1263 Investors, LLC, sought Chapter 11 protection (Bankr. E.D. Cal.
Case No. 16-90002) on Jan. 6, 2016.  The Debtor estimated both
assets and liabilities in the range of $500,000 to $1 million.
Stephen M. Reynolds, at Reynolds Law Corp., serves as counsel to
the Debtor.  The petition was signed by Daniel J. Shaw, the company
manager.


510 MAIN STREET: Taps Steiner & Blotnik as Legal Counsel
--------------------------------------------------------
510 Main Street, Inc. seeks approval from the U.S. Bankruptcy Court
for the Western District of New York to hire legal counsel.

The Debtor proposes to hire Steiner & Blotnik, P.C. to give advice
regarding its duties under the Bankruptcy Code, and provide other
legal services related to its Chapter 11 case.

Richard Steiner, Esq., and M. Kreag Ferullo, Esq., the attorneys
designated to represent the Debtor, will be paid $225 per hour and
$175 per hour, respectively.

Mr. Steiner disclosed in a court filing that his firm is a
"disinterested person" as defined in section 101(14) of the
Bankruptcy Code.

Steiner & Blotnik can be reached through:

     Richard Steiner, Esq.
     Steiner & Blotnik, P.C.
     300 Delaware Avenue
     Buffalo, NY 14202
     Phone: (716) 847-6500
     Email: rsteiner@steinerblotnik.com

                      About 510 Main Street

510 Main Street, Inc. sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. W.D.N.Y. Case No. 16-12400) on December 1,
2016.  The petition was signed by Steven V. Krastev, owner.  

The case is assigned to Judge Michael J. Kaplan.

At the time of the filing, the Debtor disclosed $7,252 in assets
and $1.13 million in liabilities.


961-969 WESTCHESTER: Creditors To Be Paid From Sale Proceeds
------------------------------------------------------------
961-969 Westchester Avenue Corp. filed with the U.S. Bankruptcy
Court for the Southern District of New York its third amended
disclosure statement describing its fifth amended plan of
reorganization, dated Jan. 6, 2017.

The Debtor owns a vacant parcel of property located 961-969
Westchester Avenue, in Bronx, New York, which is adjacent to a
developed property owned by the Debtor's principal, Janet
Bhoopsingh.

Class 3 consists of the allowed secured claim of Rusi Holding Corp.
secured by a mortgage on the Property. The Debtor has agreed that
the claim is allowed and is permitted to Credit Bid its Allowed
Claim at the Auction Sale.  The claim is approximately $660,000,
including postpetition legal fees of $65,000.  Rusi will be paid it
Allowed Claim in full from the proceeds of the Sale of the Property
after payment of the claims of Classes 1 and 2 (and the payment of
the Maltz Auctioneer fees through a Buyer's Premium) or through its
Credit Bid if it is the Successful Bidder.  This class is
unimpaired in that it is being its full Allowed Claim and may not
vote on the Plan.

Class 4: The Debtor entered into a Stipulation with Fox y Garcia
pursuant to which a late claim shall be deemed timely filed subject
to a determination by the State Court as to the merits of the
litigation involving Fox y Garcia. The creditor will be paid its
Allowed Claim from the proceeds of the Sale of the Property after
payment of all prior classes and the administrative expenses and
other costs in this case. This class is impaired and may vote on
the Plan.

All creditors will be paid from the proceeds of sale in order of
priority. Rusi filed a claim in the amount $578,242.85 and has been
receiving $4,000 per month during this Chapter 11 case. All other
creditors will be paid 100% of their Allowed claims from the
proceeds of the Sale of the Property if there is sufficient monies
available in the order of priority.

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

    http://bankrupt.com/misc/nysb15-12869-125.pdf 

             About 961-969 Westchester Avenue

961-969 Westchester Avenue Corp. filed for Chapter 11 bankruptcy
protection (Bankr. S.D.N.Y. Case No. 15-12869) on Oct. 26, 2015,
estimating its assets and liabilities at between $1 million and
$10
million each.

Judge Shelley C Chapman presides over the case.

961-969 Westchester Ave. Corp. is headquartered in Bronx, New York.


ACHAOGEN INC: Baker Bros., et al., Hold 13.1% Stake as of Dec. 31
-----------------------------------------------------------------
Baker Bros. Advisors LP, Baker Bros. Advisors (GP) LLC, Felix J.
Baker and Julian C. Baker disclosed in a Schedule 13G filed with
the Securities and Exchange Commission that as of Dec. 31, 2016,
they beneficially own 4,582,382 shares of common stock, par value
$0.001 per share, of Achaogen, Inc., representing 13.1 percent
based on 34,926,400 shares of common stock outstanding as of Dec.
19, 2016, as reported in the Issuer's Prospectus filed with the SEC
on Dec. 14, 2016.  A full-text copy of the regulatory filing is
available for free at https://is.gd/n5Ck0f

                        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.


ADAMIS PHARMACEUTICALS: 2017 Bonus Plan & Performance Goals Okayed
------------------------------------------------------------------
The Compensation Committee of the Board of Directors of Adamis
Pharmaceuticals Corporation approved the Company's 2017 Bonus Plan
and approved the corporate performance goals for 2017 under the
Plan.  

The Plan is substantially similar to the 2016 Bonus Plan approved
last year with respect to the 2016 year.  The terms of the Plan
generally establish for each level of Company employee, including
the Company's executive officers but excluding the Company's field
sales employees, a target cash bonus amount, expressed as a
percentage of base salary.  Bonus payments will be based on an
evaluation by the Compensation Committee of the Company's
achievement of corporate performance goals and, where applicable,
individual performance goals or other goals applicable to an
individual, for the relevant year.  The corporate performance goals
for 2017 include the achievement of performance targets and
business goals tied to the Company's financial results, capital
raising and strategic activities, clinical development and
regulatory filings and approvals, clinical trials and product
development activities.

                          About Adamis

San Diego, Calif.-based Adamis Pharmaceuticals Corporation (OTC
QB: ADMP) is a biopharmaceutical company engaged in the
development and commercialization of specialty pharmaceutical and
biotechnology products in the therapeutic areas of respiratory
disease, allergy, oncology and immunology.

Adamis reported a net loss of $13.6 million on $0 of revenue for
the year ended Dec. 31, 2015, compared to a net loss of $9.31
million on $0 of revenue for the year ended Dec. 31, 2014.

As of Sept. 30, 2016, the Company had $36.74 million in total
assets, $11.98 million in total liabilities and $24.76 million in
total stockholders' equity.

Mayer Hoffman McCann P.C., in San Diego, California, issued a
"going concern" qualification on the consolidated financial
statements for the year ended Dec. 31, 2016, citing that the
Company has incurred recurring losses from operations, and is
dependent on additional financing to fund operations.  These
conditions raise substantial doubt about the Company's ability to
continue as a going concern.


ADAMIS PHARMACEUTICALS: Sabby Reports 4.5% Stake
------------------------------------------------
As disclosed in an amended Schedule 13G filed with the Securities
and Exchange Commission, (i) Sabby Healthcare Master Fund, Ltd. and
Sabby Volatility Master Fund, Ltd. beneficially own 969,300 and
646,200 shares of the Issuer's common stock (Common Stock),
respectively, representing approximately 4.49% and 2.99% of the
Common Stock, respectively, and (ii) Sabby Management, LLC and Hal
Mintz each beneficially own 1,077,083 shares of the Common Stock,
representing approximately 4.99% of the Common Stock.

Sabby Management, LLC, and Hal Mintz do not directly own any shares
of Common Stock, but each indirectly owns 1,077,083 shares of
Common Stock.  Sabby Management, LLC, a Delaware limited liability
company, indirectly owns 1,077,083 shares of Common Stock because
it serves as the investment manager of Sabby Healthcare Master
Fund, Ltd. and Sabby Volatility Warrant Master Fund, Ltd., Cayman
Islands companies.  Mr. Mintz indirectly owns 1,077,083 shares of
Common Stock in his capacity as manager of Sabby Management, LLC.

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

                      https://is.gd/H8cTVs

                           About Adamis

San Diego, Calif.-based Adamis Pharmaceuticals Corporation (OTC
QB: ADMP) is a biopharmaceutical company engaged in the
development and commercialization of specialty pharmaceutical and
biotechnology products in the therapeutic areas of respiratory
disease, allergy, oncology and immunology.

Adamis reported a net loss of $13.6 million on $0 of revenue for
the year ended Dec. 31, 2015, compared to a net loss of $9.31
million on $0 of revenue for the year ended Dec. 31, 2014.

As of Sept. 30, 2016, the Company had $36.74 million in total
assets, $11.98 million in total liabilities and $24.76 million in
total stockholders' equity.

Mayer Hoffman McCann P.C., in San Diego, California, issued a
"going concern" qualification on the consolidated financial
statements for the year ended Dec. 31, 2016, citing that the
Company has incurred recurring losses from operations, and is
dependent on additional financing to fund operations.  These
conditions raise substantial doubt about the Company's ability to
continue as a going concern.


ADVANCED SOLIDS: Selling Furniture on Consignment with H. Lancaster
-------------------------------------------------------------------
Advanced Solids Control, LLC, asks the U.S. Bankruptcy Court for
the Western District of Texas to authorize the sale of personal
property pursuant to a Consignment Agreement with H. Lancaster Co.

The asset proposed to be sold is personal property described as
residential furniture from multiple rental properties the Debtor
owns in New Mexico.  The real properties are being sold and the
furniture must be liquidated.  The Debtor believes that the
furniture is worth approximately $45,000; the residential furniture
is not subject to any liens or claims to creditors.

The Debtor proposes to sell the personal property pursuant to a
Consignment Agreement with H. Lancaster.  Pursuant to the
Consignment Agreement, the Debtor is to receive 70% of the gross
sales proceeds.  The Consignment Agreement is for a term of 90 days
(from Jan. 3, 2017), and payment is due to the Debtor within 30
days from the sale of the item(s).

The Debtor is requesting that the sale of the furniture pursuant to
the Consignment Agreement be free and clear of all liens, claims
and encumbrances.

The proceeds from the sale will be used by the Debtor in its
reorganization efforts/payment of creditors of the Estate.

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

         http://bankrupt.com/misc/Advanced_Solids_30_Sales.pdf

The Debtor believes that the proposed sale of the furniture will
generate a reasonable value based upon the asset proposed to be
sold and its marketability.  Accordingly, the Debtor asks the Court
to authorize the sale of the personal property free and clear of
all liens, claims and encumbrances pursuant to the Consignment
Agreement with H. Lancaster.

                  About Advanced Solids Control

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

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

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


ADVANTAGE AVIATION: AAT II Unsecureds to be Paid 30% Under Plan
---------------------------------------------------------------
Advantage Aviation Technologies, Inc., and Advantage Aviation
Technologies II, LLC, filed with the U.S. Bankruptcy Court for the
Northern District of Texas their proposed plan to exit Chapter 11
protection.

Under the restructuring plan, holders of Class 1 general unsecured
claims against AAT will not receive a distribution from the company
and instead must look to AAT II, if applicable.

Class 9 general unsecured creditors of AAT II, which hold $851,302
in claims, will recover 30% of their claims.

Each holder of Class 9 claim that is allowed, but only to the
extent allowed, will receive payment on a pro rata basis.  Each
will receive its pro rata share of $210,000 in cash.

Both companies will contribute cash in the amounts of $30,000 in
2017, $60,000 in 2018, and $120,000 in 2019, to fund the payments.

Class 9 claims are impaired under the restructuring plan.

The payments to be made in cash under the terms of the plan will be
funded from cash on hand as of the effective date of the plan, cash
generated from the ongoing operations of the companies, according
to the disclosure statement filed on Dec. 28, 2016.

A copy of the disclosure statement is available for free at:

   http://bankrupt.com/misc/AviationTechnologies_DS12282016.pdf

The Debtors are represented by:

     Rakhee V. Patel, Esq.
     Annmarie Chiarello, Esq.
     Winstead PC
     500 Winstead Building
     2728 N. Harwood Street
     Dallas, TX 75201
     Phone: (214) 745-5400
     Fax: (214) 745-5390
     Email: rpatel@winstead.com

                    About Advantage Aviation

Advantage Aviation Technologies, Inc. sought protection under
Chapter 11 of the Bankruptcy Code (Bankr. N. D. Texas Case No.
16-30633) on February 12, 2016.  On May 15, 2016, Advantage
Aviation Technologies II, LLC filed Chapter 11 petition (Bankr. N.
D. Texas Case No. 16-31973).  The cases are jointly administered
under Case No. 16-30633).

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


ALLEGHENY ENERGY: S&P Lowers ICR to 'B+', Still on Watch Developing
-------------------------------------------------------------------
S&P Global Ratings said it lowered its issuer credit ratings on
Allegheny Energy Supply Co. LLC and Allegheny Generating Co. to
'B+' from 'BB-'.  The ratings remain on CreditWatch with developing
implications.

At the same time, S&P lowered its issue-level rating on Allegheny
Energy Supply's secured debt to 'BB' from 'BB+'.  The '1' recovery
rating on the secured debt is unchanged, reflecting S&P's
expectation of very high (90%-100%) recovery in the event of
default.  In addition, S&P affirmed its 'BB-' issue-level rating on
the companies' unsecured debt and revised the recovery rating on
the debt to '2' from '3'.  The '2' recovery rating reflects S&P's
expectation of substantial (70%-90%; higher half of the range) in
the event of default.  The ratings remain on CreditWatch with
developing implications.

In addition, S&P has raised the rating on the company's $73.5
million solid waste disposal refunding revenue bonds due 2037
(guaranteed by Monongahela Power) to 'BBB-' from 'BB+' and removed
the rating from CreditWatch with developing implications, where S&P
had placed it on Nov. 4, 2016.

S&P also withdrew the 'AA-' rating and stable outlook on the
company's $9.3 million 5.50% pollution control revenue (Allegheny
Energy Supply Co. LLC) bonds series 1999E due 2029, because the
bonds have been repaid.

"The CreditWatch placement reflects the recent announcement of the
sale of several key generating assets," said S&P Global Ratings
credit analyst Michael Ferguson.  "While this could also decrease
debt somewhat concurrently and contribute to stronger ratios, it
could significantly limit the scale of the generator and lead to
substantial reliance on a few coal assets.  We expect to resolve
the CreditWatch placement when we have more details about the
forthcoming sales in the next 60 days."


ALLEN ACADEMY: S&P Lowers 2013 Bonds Rating to D on Missed Payment
------------------------------------------------------------------
S&P Global Ratings lowered its long-term rating to 'D' from 'CC' on
Allen Academy, Mich.'s series 2013 public school academy revenue
bonds.

"The downgrade to default reflects our view of the school's missed
payment on its bonds due Dec. 1, 2016," said S&P Global Ratings
credit analyst Ryan Quakenbush.  "We expected that the bonds would
likely default within the 24 months of the school's closure in May
2016, given that the charter school lost access to operating
revenue once the charter was revoked," Mr. Quakenbush added.

The charter authorizer, Ferris State University, voted unanimously
for non-renewal of the school's charter in May 2016.  The academy
did not secure another authorizer and subsequently closed its doors
at the end of June 2016.


ALLEN BROTHERS: Unsecureds To Recoup 100% Over 60 Months
--------------------------------------------------------
Allen Brothers Timber Company, Inc., filed with the U.S. Bankruptcy
Court for the Middle District of North Carolina a disclosure
statement for the Debtor's plan of reorganization dated Jan. 9,
2017.

General unsecured creditors are classified in Class 15, and will
receive a distribution of 100% of their allowed claims -- totaling
$47,544.63 -- to be distributed over a 60-month period.  The
holders will get a monthly payment of $792.41 starting on the 20th
day of the first full month following plan confirmation, until 60
total payments are made.

This Plan of Reorganization contemplates payments to the various
classes of creditors using income derived from the continued
operations of the Debtor's business.  The Debtor anticipates that
it will have adequate cash available from the business to make all
periodic payments which are required by the Plan of Reorganization
on a timely basis.

The Disclosure Statement is available at:

             http://bankrupt.com/misc/ncmb16-10656-67.pdf

                    About Allen Brothers Timber Co.

Allen Brothers Timber Company, Inc., sought protection under
Chapter 11 of the Bankruptcy Code (Bankr. M.D. N.C. Case No.
16-10656) on June 28, 2016.  The petition was signed by Richard
Clayton Allen, president.  The case is assigned to Judge Lena M.
James. At the time of the filing, the Debtor estimated its assets
at $100,000 to $500,000, and debts at $1 million to $10 million.  

The Debtor is represented by Ivey, McClellan, Gatton & Siegmund
LLP.  The Debtor proposes to hire Oz Queen CPA PA.


ALON USA: S&P Affirms 'B+' Corp. Credit Rating, Outlook Stable
--------------------------------------------------------------
S&P Global Ratings said it affirmed its 'B+' corporate credit
rating on variable master limited partnership (MLP) Alon USA
Partners L.P.  The rating outlook is stable.

The 'BB-' issue-level rating and '2' recovery rating on the
partnership's senior secured notes are unchanged.  The '2' recovery
rating reflects S&P's expectation of substantial (70% to 90%; lower
half of the range) recovery in the event of a payment default.

"The stable rating outlook reflects our view that the announced
transaction will not immediately affect Alon's credit quality,"
said S&P Global Ratings credit analyst Mike Llanos.  "It also
reflects our view that we expect the partnership will generate
refining margins of about $12 per barrel, resulting in adjusted
debt to EBITDA of about 2x, while maintaining adequate liquidity."

S&P could consider lower ratings if adjusted leverage is sustained
above 3.5x.  This could occur if refining margins significantly
deteriorate below S&P's midcycle assumptions due to weak crack
spreads (i.e., the difference between crude oil and refined product
prices), operational underperformance, or if liquidity weakens.

S&P could consider higher ratings as Delek's strategy related to
Alon's future organizational and capital structure evolves, which
may result in improved scale while maintaining adjusted debt
leverage below 2x under midcycle conditions.


ALTA MESA: Moody's Raises Corp. Family Rating to B3
---------------------------------------------------
Moody's Investors Service upgraded Alta Mesa Holdings, LP's
Corporate Family Rating (CFR) to B3 from Caa2 and Probability of
Default Rating (PDR) to B3-PD from Caa2-PD. At the same time,
Moody's affirmed Alta Mesa's Caa1 senior unsecured notes rating and
SGL-3 Speculative Grade Liquidity Rating. The rating outlook is
stable. This concludes Moody's ratings review for upgrade that was
initiated on November 30, 2016 upon Alta Mesa's announcement to
recapitalize.

Alta Mesa received $300 million of equity in December 2016 which it
used to repay $125 million of second lien term loan and a
substantial portion of its revolving credit facility. Also in
December 2016, the company issued $500 million of 7.875% notes due
2024 and redeemed its existing 9.625% $450 million notes due 2018.
These actions are consistent with Moody's prior expectations
detailed in the November 30, 2016 press release.

"The upgrade reflects Alta Mesa's substantially improved capital
structure that will support its projected strong production and
reserves growth through 2018 in Oklahoma's STACK play," commented
Sajjad Alam, Moody's Senior Analyst. "Through equity infusion and a
new bond offering in December 2016, Alta Mesa has significantly
reduced its financial leverage, interest expense and refinancing
risks while boosting liquidity."

Issuer: Alta Mesa Holdings, LP

Ratings Upgraded:

Corporate Family Rating, Upgraded to B3 from Caa2

Probability of Default Rating, Upgraded to B3-PD from Caa2-PD

Ratings Affirmed:

$500 million Senior Unsecured Notes due 2024, Affirm Caa1
(to LGD-4 from LGD-5)

Speculative Grade Liquidity Rating, Affirm SGL-3

Outlook action:

Outlook, Change to Stable from Ratings Under Review

RATINGS RATIONALE

The B3 CFR reflects Alta Mesa's growing but small production and
proved developed (PD) reserve base and concentrated basin focus.
Alta Mesa's ratings benefit from its oily acreage in the STACK
play, its improving capital efficiency metrics and relatively low
breakeven costs. The company plans to significantly ramp up
drilling in 2017 supported by its joint development agreement with
Bayou City Energy (BCE). Given its growing capital requirements,
Alta Mesa will need to balance developing its acreage position
against outspending cash flows and control cost inflation through
2018. The B3 CFR assumes that the company will maintain capital
discipline and adequate liquidity.

Alta Mesa's SGL-3 rating reflects adequate liquidity through 2017.
Pro forma for the December 2016 bond offering, the company had $49
million of cash and $240 million of availability under its $287.5
million revolver. Moody's expects the company to be heavily reliant
on this facility to fund drilling costs and bolt-on acquisitions in
2017. Interest savings from recent debt reductions and refinancing
will provide a boost to cash flows going forward. Still, Alta
Mesa's ability to meaningfully grow production will be restricted
by its available liquidity given Moody's belief that it will
significantly outspend operating cash flow over the next 12 to 15
months. Moody's expects the company to maintain adequate cushion
under its 4x total debt to EBITDA and 1x minimum current ratio
financial covenants through 2017.

Alta Mesa's borrowing base credit facility is secured by
substantially all of the partnership's oil and gas properties. The
7.875% senior notes are unsecured and have a subordinated claim to
the partnership's assets behind credit facility lenders.
Consequently, the notes are rated Caa1, one notch below the B3 CFR,
under Moody's Loss Given Default Methodology.

The stable rating outlook reflects Alta Mesa's adequate liquidity.
The ratings could be upgraded if the company can consistently
exhibit organic production and PD reserves growth and minimize
negative free cash flow while maintaining a debt to production
ratio below $20,000 per boe. A downgrade is most likely to be
triggered by increased leverage or weak liquidity. More
specifically, if the debt to production ratio rises above $30,000
per boe or the retained cash flow to debt cannot be sustained above
10%, ratings would come under pressure.

Alta Mesa Holdings, LP is a privately owned independent E&P company
headquartered in Houston, Texas. The company's operations are
primarily in Oklahoma and Louisiana.


AMERICAN APPAREL: Bankruptcy Deal Leaves Retail Future in Doubt
---------------------------------------------------------------
Matthew Townsend, Sandrine Rastello, and Steven Church, writing for
Bloomberg News, reported that American Apparel, once a high-flying
retailer that peaked at more than $600 million in sales, is
probably headed toward liquidation after a bankruptcy auction ended
with Canadian T-shirt and underwear maker Gildan Activewear Inc.
buying intellectual property and other assets for $88 million.

According to the report, this transaction doesn't include American
Apparel's stores, and the fate of its garment workers in Los
Angeles remains in doubt.  The company had 4,700 employees and 110
stores as of November, when it filed for bankruptcy for the second
time in 13 months, the report related.

Gildan said it has no obligation to keep any American Apparel
employees, the report further related.

"We've never been in a position to be able to assume operations,"
Garry Bell, a spokesman for Montreal-based Gildan, said in an
interview with Bloomberg.  "We're not buying an ongoing concern."

The end comes about two years after American Apparel's board
orchestrated the firing of founder and chief executive officer, Dov
Charney, for alleged misconduct, which he denies, the report added.
Charney engaged in a bruising -- and ultimately futile -- public
battle to regain control, the Bloomberg report noted.

"I'm extremely disappointed," Charney said in an interview with
Bloomberg.  "This shouldn't have happened."

Charney blamed American Apparel's downfall on "reckless Wall Street
behavior" and said the company's decline also hurt its suppliers,
which employ thousands of people in the Los Angeles area, the
report related.

                   About American Apparel

American Apparel Inc. is one of the largest apparel manufacturers
in North America, employing 4,700 employees across 3 active
manufacturing facilities, one distribution facility and
approximately 110 retail stores in the United States.  

American Apparel and its affiliates filed for chapter 11
protection in October 2015, confirmed a fully consensual plan of
reorganization in January 2016, and substantially consummated that
plan on Feb. 5, 2016.  Unfortunately, the business turnaround plan
upon which the Debtors' plan of reorganization was premised
failed.

American Apparel LLC, along with five of its affiliates, again
sought bankruptcy protection (Bankr. D. Del. Lead Case No.
16-12551) on Nov. 14, 2016, with a deal to sell the assets.  The
petitions were signed by Bennett L. Nussbaum, chief financial
officer.

As of the bankruptcy filing, the Debtors estimated assets and
liabilities in the range of $100 million to $500 million each.  As
of the Petition Date, the Debtors had outstanding debt in the
aggregate principal amount of approximately $215 million under
their prepetition credit facility.  Additionally, the Debtors have
guaranteed one of its United Kingdom subsidiaries' obligations
under a $15 million unsecured note due Oct. 15, 2020, court
document shows.

The Debtors have hired Laura Davis Jones, Esq. and James E.
O'Neill, Esq., at Pachulski Stang Ziehl & Jones LLP as counsel;
Erin N. Brady, Esq., Scott J. Greenberg, Esq., and Michael J.
Cohen, Esq., at Jones Day as co-counsel; Berkeley Research Group,
LLC as financial advisors; Houlihan Lokey as investment banker;
and Prime Clerk LLC, as claims and noticing agent.

The Official Committee of Unsecured Creditors is represented by
lawyers at Bayard P.A. and Cooley LLP.


AMERICAN BATH: S&P Affirms 'B' CCR on Proposed Acquisition of Maax
------------------------------------------------------------------
S&P Global Ratings affirmed its 'B' corporate credit rating on
American Bath Group LLC (ABG).  The outlook is stable.

American Bath Group LLC has signed a definitive agreement to
acquire MAAX Bath, Inc. and MAAX Spas Industries Corp.
(collectively Maax), which make and distribute bathroom fixtures in
the U.S. and Canada. American Bath Group, LLC intends to finance
the $400 million acquisition with a $225 million add-on to its
senior secured first lien term loan, $65 million add-on to its
senior secured second lien term loan, and an equity contribution
from its financial sponsor.

At the same time, S&P affirmed its 'B' issue-level rating (same as
the corporate credit rating) on ABG's $65 million senior secured
revolving credit facility due 2021 and $550 million senior secured
first-lien term loan due 2023.  The '3' recovery rating on the
facility indicates S&P's expectation for meaningful (50%-70%; upper
half of the range) recovery in the event of a payment default.

S&P also affirmed its 'CCC+' issue-level rating (two notches below
the corporate credit rating) on ABG's $160 million second-lien
senior secured term loan due 2024.  The '6' recovery rating on the
facility indicates S&P's expectation of negligible (0%-10%)
recovery in the event of a payment default.

ABG's acquisition of Maax enhances its market position, with its
share of the U.S. bath ware market rising to about 25 percent from
about 20 percent.  This helps the company gain economies of scale
and makes it tougher for competitors to enter its consolidating
market.  The acquisition also enhances its geographic footprint
with its entry into the Canadian market, broadens its customer base
(there is limited overlap in retail customers), and increases its
penetration in the showroom distribution channel.

The stable outlook reflects S&P's expectation that ABG will
successfully integrate Maax's operations and maintain operational
performance that will result in pro forma leverage measures between
4x and 5x during the next 12 months.


AMPLIPHI BIOSCIENCES: Sabby Reports 8.6% Stake as of Dec. 31
------------------------------------------------------------
Sabby Healthcare Master Fund, Ltd. and Sabby Volatility Master
Fund, Ltd. disclosed in an amended Schedule 13G filed with the
Securities and Exchange Commission that as of Dec. 31, 2016, they
beneficially own 1,440,369 and 78,445 shares of AmpliPhi
Biosciences Corporation's common stock, respectively, representing
approximately 8.60% and 0.47% of the Common Stock, respectively.
Sabby Management, LLC and Hal Mintz each beneficially own 1,518,814
shares of the Common Stock, representing approximately 9.07% of the
Common Stock.  

Sabby Management, LLC and Hal Mintz do not directly own any shares
of Common Stock, but each indirectly owns 1,518,814 shares of
Common Stock.  Sabby Management, LLC, a Delaware limited liability
company, indirectly owns 1,518,814 shares of Common Stock because
it serves as the investment manager of Sabby Healthcare Master
Fund, Ltd. and Sabby Volatility Warrant Master Fund, Ltd., Cayman
Islands companies.

Mr. Mintz indirectly owns 1,518,814 shares of Common Stock in his
capacity as manager of Sabby Management, LLC.

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

                     https://is.gd/LpEXjR

                        About AmpliPhi

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

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

Ampliphi reported a net loss attributable to common stockholders of
$10.79 million for the year ended Dec. 31, 2015, compared to net
income attributable to common stockholders of $21.82 million.

"[T]he Company has incurred net losses since its inception, has
negative operating cash flows and has an accumulated deficit of
$371.9 million as of September 30, 2016, $56.4 million of which
has been accumulated since January of 2011, when the Company began
its focus on bacteriophage development.  As of September 30, 2016,
the Company had cash and cash equivalents of $4.0 million.
Management believes that the Company's existing resources will be
sufficient to fund the Company's planned operations through the end
of 2016.  These circumstances raise substantial doubt about the
Company's ability to continue as a going concern," as disclosed in
the Company's quarterly report for the period ended Sept. 30, 2016.


ANDERSON UNIVERSITY: Fitch Assigns 'BB' Rating on $34.6MM Bonds
---------------------------------------------------------------
Fitch Ratings has assigned a 'BB' rating to $34.6 million of City
of Anderson, Indiana economic development revenue refunding bonds,
series 2017 issued on behalf of Anderson University (AU).

The bonds are expected to sell via negotiation as early as the week
of February 13.  Proceeds will refund AU's outstanding series 2007
and series 2015 bonds and pay costs of issuance.

In addition, Fitch has downgraded $34.0 million of City of
Anderson, Indiana economic development revenue refunding and
improvement bonds, series 2007 issued on behalf of AU to 'BB' from
'BB+'.

The Rating Outlook has been revised to Stable from Negative.

                              SECURITY

The bonds are a general obligation of the obligated group (AU is
the sole member) payable from any legally available funds.  The
bonds are secured under a new master indenture by a pledge of the
university's gross revenues and a mortgage on its core campus
property.  In addition, the bonds will feature a cash-funded debt
service reserve.

                        KEY RATING DRIVERS

WEAKENED FINANCIAL PROFILE: The downgrade reflects weaker operating
performance in fiscal 2016 and a decline in balance sheet
resources, which are limited.  A trend of deterioration in
operating results has been driven by consistent enrollment declines
but mitigated by aggressive management of expenses.  AU expects
results to improve somewhat but remain negative on a GAAP basis in
fiscal 2017.

ENROLLMENT LOWER BUT STABILIZING: Total enrollment continued to
decline in fall 2016 but should stabilize by fall 2017.  Incoming
class sizes have now been generally level for four years;
accordingly, the class graduating in spring 2017 will roughly match
the incoming fall 2017 class in size.  Retention efforts and
programmatic adjustments to maintain market alignment also support
stabilizing enrollment.

REFUNDING EXTENDS DEBT: The refunding transaction will generate
savings, but it also extends final maturity by four years and
lowers annual debt service between 2018 to 2020; AU should cover
debt service comfortably over that period (about 1.8x from fiscal
2016 results).  Debt service increases to $3.3 million in fiscal
2021, by which time AU expects to have improved its operating
performance.

LONG-TERM COVERAGE SUFFICIENT: AU's debt burden remains moderately
high, with pro forma maximum annual debt service (MADS, occurs in
fiscal 2021) equal to 7.2% of fiscal 2016 operating revenue.
Coverage of pro forma MADS from fiscal 2016 operations would be
slim but sufficient at 1.1x.

                       RATING SENSITIVITIES

STABLE ENROLLMENT: Anderson University's (AU) student population
has declined consistently in recent years.  Additional enrollment
declines would stress its ability to achieve structural budgetary
balance and could result in further negative rating action.

OPERATING IMPROVEMENT: AU expects operating results to improve but
remain negative in fiscal 2017.  Failure to improve operating
results toward breakeven, in advance of higher annual debt service
starting in fiscal 2021, could negatively pressure the rating.

                         CREDIT PROFILE

Founded in 1917, Anderson University is a small Christian
university located in Anderson, IN (35 miles northeast of
Indianapolis).  AU was founded by and is affiliated with the Church
of God (Anderson, IN) (COG); it is the only college affiliated with
the COG in the Midwest.  The university offers around 60
undergraduate majors as well as graduate programs in business,
music, nursing, and theology.  The university also maintains a
Department of Adult Studies that offers bachelor and associate
degrees for adult students.

                FINANCIAL PROFILE DRIVES DOWNGRADE

AU's operating performance has weakened consistently over the past
five years, from an operating margin of 1.7% in fiscal 2011 to a
deficit of 4.2% in fiscal 2016.  This trend reflects a 10.4%
enrollment-driven decline in net tuition revenue since fiscal 2011,
partially offset by aggressive expense management. Positively, AU
has cut operating expenses by about 3.9% over the same period and
has made structural budgetary changes to mitigate its revenue
challenges.

Management believes fiscal 2016 was a low point for operating
performance and expects improved, though still negative, results in
fiscal 2017.  A level fall 2016 incoming class has resulted in net
tuition revenue ahead of budget to date.  In addition, AU recorded
$2.5 million of upfront costs in fiscal 2016 related to a voluntary
retirement initiative; these expenses will not recur in 2017.
Fitch believes some improvement in operating results in 2017 and
2018 will be necessary to maintain the rating and to prepare for
debt costs that will increase by fiscal 2021.

                  LIMITED BALANCE SHEET CUSHION

AU's balance sheet resources provide limited financial cushion but
are adequate for the rating category.  Available funds (defined as
cash and investments less permanently restricted net assets)
totaled $5.9 million at May 31, 2016.  As reported, available funds
equaled 12.1% of operating expenses and 11.7% of pro forma debt,
both weak for the 'BB' rating category.  However, Fitch's standard
calculation understates AU's unrestricted cash and investments by
about $11.7 million.

Certain of AU's permanent endowment funds have accumulated
investment losses and are "underwater" relative to the booked value
of the corpus.  However, accounting rules require deduction of such
losses from unrestricted, rather than from permanently restricted,
endowment.  Adjusting for this, Fitch estimates AU's unrestricted
cash and investments would meet or exceed 30% of operating expenses
and debt, more in line with rating category peers.

                  ENROLLMENT EXPECTED TO STABILIZE

AU's headcount enrollment has fallen 14.5% from a peak of 2,611 in
fall 2011 to 2,232 in fall 2016.  The trend reflects a competitive
environment, price sensitivity among students and AU's overlap with
nearby public institutions with lower costs of attendance. However,
management expects enrollment to stabilize by fall 2017 due to
stable incoming class sizes and improving overall retention rates.
Incoming freshman classes have ranged from 463 to 486 in the past
four cycles, and preliminary results suggest a similar class size
is likely for fall 2017.  This would cause enrollment to stabilize,
as the incoming class would replace a graduating class of
comparable size.

Under a new marketing and admissions team, the university is
pursuing several strategies to bolster enrollment including further
student retention initiatives, enhanced marketing efforts and
tools, targeted student aid, curricular changes to ease the process
for transfer students, and programmatic adjustments to align with
market demand.

Stabilizing enrollment is critical to maintain the rating level.
Fitch believes AU has the capacity to right-size its offerings and
budget to the current enrollment level, but further enrollment
declines would make structural budgetary balance unlikely and would
result in further negative rating action.

                     REFUNDING EXTENDS MATURITY

The refunding transaction will generate savings, but it will also
restructure principal payments to provide some near-term relief.
Final maturity will be extended by four years to October 2036 and
principal deferrals will lower annual debt service to about $2
million from fiscal 2018 to fiscal 2020.  AU should cover its debt
service comfortably over this deferral period; Fitch estimates
fiscal 2016 results would have generated about 1.8x coverage of
fiscal 2020 debt service.

The principal deferral eases near-term financial pressure on AU as
it works to stabilize its enrollment and balance its budget; Fitch
considers this a credit positive.  In fiscal 2021, however, debt
service increases to MADS of $3.3 million.  By this time, AU will
need to have improved operations to build resources and generate
sound coverage of the higher debt service level in order to
maintain the rating.

             LONG-TERM COVERAGE TIGHT BUT SUFFICIENT

AU's debt burden remains moderately high after the deferral period,
with MADS equal to 7.2% of fiscal 2016 operating revenue. Coverage
of pro forma MADS from fiscal 2016 operations would be slim but
sufficient at 1.1x.  Fitch believes AU's ability to cover its
higher long-term debt load from fiscal 2016 operations mitigates
the risk of the debt service hike in 2021.  Budgetary improvement
achieved to date in fiscal 2017, even before enrollment has fully
stabilized, suggests AU should be able to manage its post-deferral
debt load.  In addition, AU is in the planning phases for a new
capital campaign and has a good fundraising track record for its
size.  There are no plans for additional debt or major internally
funded capital projects at this time.

                   DATA NOTES AND ADJUSTMENTS

The Flagship Enterprise Center (FEC) is a regional business
incubator and small business lender created through a partnership
between AU and the City of Anderson.  It is consolidated as a
controlled affiliate on AU's financial statements based on AU's
ability to appoint a majority of the FEC's board.  However, FEC
resources are not available to support AU operations, and its
liabilities are non-recourse to AU.  Fitch therefore evaluates AU's
financial profile based on the university's core enterprises,
excluding the FEC's activities and resources.

AU's audited financial statements present detailed consolidating
statements, allowing Fitch to exclude FEC activities and resources.
Fitch typically calculates operating performance for private
universities on the basis of unrestricted operating activity only.
However, because AU's consolidating statements do not classify
activities by restriction, Fitch has evaluated AU's operating
performance based on its total activities excluding the FEC.  Fitch
does not believe this approach has a material effect on operating
results or trends for AU.


APOLLO ENDOSURGERY: H.I.G. Ventures, et al., Hold 13.6% Stake
-------------------------------------------------------------
In a Schedule 13D filed with the Securities and Exchange
Commission, H.I.G. Ventures - Endosurgery, LLC, H.I.G.-GPII, Inc.,
Anthony Tamer and Sami Mnaymneh disclosed that as of Dec. 29, 2016,
they beneficially own 1,451,185 shares of common stock, par value
$0.001, of Apollo Endosurgery, Inc., representing 13.6 percent
based upon 10,688,992 shares of common stock outstanding upon
consummation of the Merger as reported by the Issuer.  A full-text
copy of the regulatory filing is available for free at:

                      https://is.gd/f5HrZg

                    About Apollo Endosurgery

Apollo Endosurgery, Inc. -- http://www.apolloendo.com/-- is a
medical device company focused on less invasive therapies for the
treatment of obesity, a condition facing over 500 million people
globally, as well as other gastrointestinal disorders.  The
Company's device based therapies are an alternative to invasive
surgical procedures, thus lowering complication rates and reducing
total healthcare costs.  Apollo's products are offered in over 80
countries.

On Dec. 29, 2016, a wholly owned subsidiary of Lpath, Inc. merged
with and into Apollo Endosurgery, Inc. resulting in Original Apollo
becoming a wholly owned subsidiary of Lpath.  At the Effective
Time, Lpath effected a name change to "Apollo Endosurgery, Inc."
Each share of Original Apollo common stock (after adjusting for the
1-for-5.5 reverse split of common stock effected by the Issuer
immediately following consummation of the Merger) was exchanged for
0.31632739 shares of the Issuer's common stock at the Effective
Time of the Merger.

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

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

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


ARCHITEL SYSTEMS: Jan. 24 Hearing on Chapter 15 Recognition Bid
---------------------------------------------------------------
Ernst & Young Inc., the court-appointed monitor and authorized
foreign representative of Architel Systems Corporation, Nortel
Communications Inc. and Northern Telecom Canada Limited, filed
petitions with the U.S. Bankruptcy Court for the District of
Delaware under Chapter 15 commencing cases ancillary to the
Canadian Proceedings and (i) seeking recognition of the Canadian
Proceedings as "foreign main proceedings" in respect of the New
Canadian Debtors and relief in aid thereof and (ii) enforcement in
the United States of the new applicant order of the Ontario
Superior Court of Justice, Commercial List.

A hearing to consider the Chapter 15 petitions is set for Jan. 24,
2017, at 10:00 a.m. (ET) before the  Hon. Kevin Gross in Courtroom
3, 824 Market Street, Sixth Floor, Wilmington, Delaware.
Objections to the petitions, if any, must be filed no later than
4:00 p.m. (ET) on Jan. 17, 2017.

Notices to counsel for the monitor should be addressed to:

   Allen & Overy LLP
   1221 Avenue of the Americas
   New York, NY 10020
   Attention: Ken Coleman, Esq.
              Jonathan Cho., Esq.
   Tel: (212) 610-6300
   Fax: (212) 610-6399
   Email: ken.coleman@alleovery.com
          jonathan.cho@allenovery.com

           -- and --

   Buchanan Ingersoll & Rooney
   919 N. Market Street Suite 1500
   Wilmington, DE 19801
   Attention: Mary Caloway, Esq.
              Kathleen Murphy, Esq.
   Tel: (302) 552-4200
   Fax: (302) 552-4295
   Email: mary.caloway@bipc.com
          kathleen.murphy@bipc.com

The cases of Architel, et al., are related to the existing Chapter
15 cases that are jointly administered and pending before the
Honorable Kevin Gross (In re Nortel Networks Corporation, et al.,
Case No. 09-10164).  These cases have been filed in support of
insolvency proceedings pending before the Ontario Superior Court of
Justice, (Commercial List).  The Debtors seek joint administration
of these cases with all other cases administered under Case No.
09-10164.


ARM VENTURES: Disclosure Statement Hearing Set for Feb. 8
---------------------------------------------------------
The U.S. Bankruptcy Court for the Southern District of Florida is
set to hold a hearing on Feb. 8, at 11:00 a.m., to consider
approval of the disclosure statement explaining the Chapter 11 plan
of reorganization of Arm Ventures, LLC.

The hearing will take place at Courtroom 8, 301 N. Miami Avenue,
Miami, Florida.  Objections are due by Feb. 1.

The restructuring plan proposes to give unsecured creditors a
distribution of approximately 37% of their allowed claims.

The plan provides for the continued operation of Arm Ventures as a
reorganized company. It also provides for cash payments to
creditors except holders of equity interests.

                      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.  The petition was
signed by Michael Rosenbaum, authorized manager.

At the time of the filing, the Debtor estimated assets of less than
$50,000 and liabilities of $1 million to $10 million.  Mark S.
Roher, P.A. serves as the Debtor's legal counsel.

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


AXIOM WORLDWIDE: Directed to File Plan, Disclosures Before March 13
-------------------------------------------------------------------
Judge K. Rodney May of the U.S. Bankruptcy Court for the Middle
District of Florida ordered Axiom Worldwide Inc. to file its plan
of reorganization and disclosure statement on or before March 13,
2017.

The Disclosure Statement must, at the minimum, contain adequate
information pertaining to the Debtor in the following areas:

   (a) Pre- and post-petition financial performance;

   (b) Reasons for filing Chapter 11;

   (c) Steps taken by the Debtor since filing of the petition to
facilitate its reorganization;

   (d) Projections reflecting how the Plan will be feasibly
consummated;

   (e) A liquidation analysis; and

   (f) A discussion of the Federal tax consequences as described in
section 1125(a)(1) of the Bankruptcy Code.

                About Axiom Worldwide, Inc.

Axiom Worldwide, Inc. manufactures and distributes non-surgical
medical equipment for healthcare
providers/practitioners.   Axiom
Worldwide Inc. filed a Chapter 11 petition (Bankr. M.D. Fla. Case
No. 16-10078) on November 27, 2016, listing under $1 million in
both assets and liabilities.  The Debtor is represented by Frank
A.
Principe, Esq., as counsel.


AZURE MIDSTREAM: S&P Affirms 'CCC+' Issue Level Rating
------------------------------------------------------
S&P Global Ratings said that it has reviewed its recovery and
issue-level ratings on Azure Midstream Energy LLC that were labeled
as "under criteria observation" (UCO) after publishing its revised
recovery ratings criteria on Dec. 7, 2016.  With S&P's criteria
review complete, it is removing the UCO designation from these
ratings.  S&P is affirming the 'CCC+' issue-level rating. The '3'
recovery rating is unchanged, reflecting S&P's expectation of
meaningful (50%-70%; upper half of the range) recovery in the event
of 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 ratings for issuers of the
affected debt issues.

Ratings List

Azure Midstream Energy LLC
Corporate Credit Rating                 CCC+/Stable/--

Rating Affirmed; Recovery Expectations Revised
                                         To              From
Azure Midstream Energy LLC
Senior Secured                          CCC+            CCC+
  Recovery Rating                        3H              3L


B&L EQUIPMENT: Unsecureds to be Paid 100% Under Committee Plan
--------------------------------------------------------------
Unsecured creditors of B&L Equipment Rentals Inc. will be paid in
full under the Chapter 11 plan of liquidation proposed by the
official committee of unsecured creditors.

The liquidating plan proposes to pay in full the allowed claims of
general unsecured creditors from the proceeds generated from the
sale of B&L's property, with interest at the Federal judgment rate,
calculated from the Petition Date.

According to the Debtor's Plan, the Debtor disputes the following
claims, all of which will be treated as Disputed Claims until
resolved:

  Creditor               Amount
  --------            -----------
  Ivan Medrano        $187,127.20
  Jesus Cabrera       $187,127.20
  David Melgoza       $187,127.20
  Leopoldo Alvarez    $101,037.20
  UC One, LLC         $100,740.00
  --------            -----------
  TOTAL               $763,158.00

Under the plan, a liquidating trust will be created and all assets
of the company will be transferred to it on the effective date of
the plan.  An official will be appointed to administer the trust.

If the sale proceeds are not sufficient to pay all creditors, the
liquidating trustee will have the power to prosecute any litigation
claims, including avoidance actions that may exist under Chapter 5
of the Bankruptcy Code, according to the committee's disclosure
statement filed on Dec. 27, 2016.

A copy of the disclosure statement is available for free at:

    http://bankrupt.com/misc/B&LEquipment_DS12272016.pdf

The committee is represented by:

     Daniel H. Reiss, Esq.
     Levene, Neale, Bender, Yoo & Brill LLP
     10250 Constellation Blvd., Suite 1700
     Los Angeles, CA 90067
     Tel: (310) 229-1234
     Fax: (310) 229-1244
     Email: dhr@lnbyb.com
   
                     About B&L Equipment Rentals

B&L Equipment Rentals, Inc., is a corporation doing business in
Texas, Nevada, Colorado, and California.  The Debtor's principal
place of business is in Bakersfield, California.  The Debtor is in
the oilfield service business and the Debtor started its business
in 1990.  

The Debtor filed a Chapter 11 bankruptcy petition (Bankr. E.D. Cal.
Case No. 15-14685) on Nov. 30, 2015.  The petition was signed by
Lawrence F. Jenkins as president.  The Debtor listed total assets
of $17.2 million and total debt of $5.02 million.  The Law Office
of Leonard K. Welsh represents the Debtor as counsel.  The case has
been assigned to Judge Rene Lastreto II.

On March 30, 2016, the Office of the U.S. Trustee appointed a
committee of unsecured creditors.  The committee hired Levene,
Neale, Bender, Yoo & Brill L.L.P. as its legal counsel.


BAIA LLC: Can Use SF IV Bridge IV Cash Collateral Until Jan. 31
---------------------------------------------------------------
Judge James F. Schneider of the U.S. Bankruptcy Court for the
District of Maryland authorized Baia, LLC, to use SF IV Bridge IV,
LP's cash collateral through Jan. 31, 2017.

SF IV Bridge IV asserts it holds valid, enforceable, and allowable
claims against the Debtor, in an approximate amount equal to
$15,129,311 in unpaid principal, interest, and attorneys' fees.  SF
IV Bridge IV has first priority liens on 1311 S. Main Street, Mt.
Airy, Maryland and 1401 S. Main Street, Mt. Airy, Maryland,
together with the income, rents and profits from the Properties.

The Debtor contended it needed to use cash collateral in order to
avoid immediate and irreparable harm to its estate.  The Debtor
further contended that without the use of cash collateral, it will
be unable to retain or pay employees, maintain its assets, provide
financial information, or perform any of the tasks which the Debtor
believed were necessary to maximize the value of its assets.

The approved Budget provided for total expenses in the amount of
$71,011 for January 2017, and $75,870 for February 2017.

SF IV Bridge IV is permitted to deposit any and all rental payments
related to the Properties and the Co-Debtor's properties encumbered
by the Deed of Trust and currently in SF IV Bridge IV's possession,
in the amount of $54,375.  The rental payments were paid to the
SFVI Bridge IV pursuant its prepetition exercise of its rights
under the Loan Documents.  SF IV Bridge IV is directed to credit
the foregoing sum against the January 2017 adequate protection
payment due to it in the Budget and the budget attached to the
Proposed Cash Collateral Consent Order filed by SF IV Bridge IV and
the Co-Debtor in the Co-Debtor's Case.

SF IV Bridge IV is granted replacement liens upon and security
interests in all of the properties and assets of the Debtor, with
the same priority in the postpetition collateral and proceeds
thereof of the Debtor that SF IV Bridge IV held in the Pre-Petition
Collateral as of the Petition Date.  

SF IV Bridge IV is further granted an administrative claim against
the Debtor and the Debtor's bankruptcy estate in the event and to
the extent that the Lender's interest in the collateral is
diminished as a result of the Debtor's use of the cash collateral.

A full-text copy of the Order, dated Jan. 9, 2017, is available at

http://bankrupt.com/misc/BaiaLLC2016_1626941_20.pdf

                       About Baia, LLC

Baia, LLC, is a limited liability company organized in 2006 with
principal place of business located in Carroll County, MD.  It
owns, leases and manages commercial real property located at 1311
S. Main Street, Mt. Airy, Maryland 21771 and 1401 S. Main Street,
Mt. Airy, MD 21771.

Baia, LLC, filed a Chapter 11 petition (Bankr. D. Md. Case No.
16-26941) on Dec. 30, 2016.  The petition was signed by Frank
Illiano, president.  The case is assigned to Judge David E. Rice.
The Debtor is represented by James Greenan, Esq., at McNamee,
Hosea, et al.  At the time of filing, the Debtor estimated assets
at $0 to $50,000 and liabilities at $10 million to $50 million.


BARBARA RUSSO: Selling 51% Interest in LA Property for $1.9 Million
-------------------------------------------------------------------
Judge Julia Brand of the U.S. Bankruptcy Court for the Central
District of California will convene a hearing on Feb. 2, 2017 at
2:00 p.m., to consider Ambra Bisconti's sale of Barbara Russo's 51%
interest in real property located at 8653 W. Olympic Blvd., Los
Angeles, California, to Gail Hershowitz for $1,875,000, subject to
overbid.

The objection deadline is 14 days prior to the scheduled hearing
date on the Motion.

Pursuant and subject to the Settlement Agreement and Mutual Release
dated July 15, 2016 between Heidi Kurtz, chapter 7 Trustee for the
bankruptcy estate of Russo, and Broker Bisconti, the Debtor hires
the Broker as her sole and exclusive agent and grants the Broker
the exclusive and irrevocable right to sell the Property.

The Debtor commenced the bankruptcy case to resolve, among other
things, an action filed by creditor CAB, familial debts that the
Debtor disputes tax debt, and rights and claims to the Property.
There is a related case of Debtor's mother, Russo, which originated
as a chapter 11 and converted to a chapter 7.  At the time of the
conversion, there were two pending adversaries against Bisconti.

The estate of Russo, by and through its chapter 7 trustee, and the
Bisconti estate engaged in lengthy negotiations regarding those
adversary proceedings.  Thereafter, a settlement agreement was
reached to agree, among other things, on equity interests in the
Property and listing and marketing the Property.  Subsequently, the
Court approved the Settlement Agreement after a hearing on a
Settlement Motion.

On Oct. 27, 2016, the Debtor accepted and conveyed a buyout offer
from the Buyer.

The material terms of the Buyout Offer are:

   a. In exchange for buying out the Russo's equity interest in the
Property, Bisconti will grant Hershowitz a third position deed of
trust, behind Nationstar Mortgage, LLC, and Real Time Resolutions
("RTR");

   b. Bisconti will not be required to make any principal or
interest payments on the third deed of trust until her chapter 11
plan is completed and paid in full.

   c. The Buyer's purchase of the Russo estate's equity position
will result in 51% that Russo holds to be transferred to Bisconti
so that she is the 100% owner of the Property.

Alternatively, the Property is the subject of at least six pending
"sale" offers.  Specifically, pursuant to a listing agreement
entered into between the Russo and Bisconti Estates, Bisconti
listed and marketed the Olympic Property at $1,875,000 until Nov.
30, 2016.

The summary of the pending offers obtained through Bisconti's
efforts as a licensed real estate agent to list and market the
Property:

   a. Steven Bochco offers $1,900,000, dated and made on Oct. 31,
2016.  The offeror advised and to be given notice of sale hearing
to bid/overbid.

   b. Faik Al Hakim and Sena Mahdi offers $1,875,000, dated and
made on Nov. 5, 2016.  The offeror advised and to be given notice
of sale hearing to bid/overbid.

   c.  Jahangir Aryai offers $1,900,000, dated and made on Nov. 1,
2016.  The offeror advised and to be given notice of sale hearing
to bid/overbid.

   d. Yasaman Barmaki offers $1,800,000, dated and made on Nov. 1,
2016.  The offeror advised and to be given notice of sale hearing
to bid/overbid.

   e. Michael Kesler and/or Assignees offers $1,900,000, dated and
made on Oct. 31, 2016.  The offeror advised and to be given notice
of sale hearing to bid/overbid.

   f.  Mahnaz Zakhor and/or Assignee(s) offers $1,875,000, dated
and made on Nov. 10, 2016.  The offeror advised and to be given
notice of sale hearing to bid/overbid.

If a buyout offer is accepted, the Debtor will retain the Property
and pay off the Nationstar and RTR Arrearage through her chapter 11
plan.  As of the writing of the Sale Motion, RTR has already
stipulated to plan treatment, including the resolution of arrearage
as set forth in the filed Stipulation to Plan Treatment.  A similar
Stipulation is pending with Nationstar, but was verbally confirmed
between the Debtor and a Nationstar representative and is awaiting
final approval with similar terms as the RTR Stipulation.

In the event of a sale, the payout of the first lien holder,
Nationstar and RT, and the second lien holder (previously
Greentree) will be in full based on their filed proof of claims.

The Debtor proposes that in the event of a sale, that all other
charges and expenses be reviewed and approved by the Court at the
sale hearing.

The Debtor proposes these overbidding procedures for a sale:

   a. The initial overbid must be must be at least $5,000 more than
the initial bid of $1,875,000.  The overbid must be on
substantially the same terms as set forth in the various offers
received by Bisconti during her listing period.

   b. Overbid increments will be $5,000 after the initial overbid.


   c. Any successful overbidder must be able to close by the
proposed closing date, or upon the Court's approval whichever is
later.

   d. Any party wishing to overbid on the Property during the
hearing on the Motion must contact the Debtor's counsel at least 48
hours prior to the hearing and provide evidence of available
financial resources such as funds and/or proof of ability to
finance to the Debtor's  Counsel up to the overbidder's maximum bid
to the Debtor's reasonable satisfaction.

   e. Any overbidder wishing to overbid on the Property during the
hearing must also submit, before the time of the hearing, a deposit
for the purchase of the Property, by cashier's check or other cash
equivalent in the amount of at least 10% of their purchase offer
made payable to Law Offices of Daren M. Schlecter Trust Account.
The successful overbidder's deposit will be applied towards the
purchase of the Property, and will not be refunded in the event the
overbidder cannot successfully  close escrow pursuant to the terms
of the sale as proscribed.

   f. If a broker brings a prospective bidder who is ultimately the
successful bidder and to  whom the sale is approved, the broker
will share in the commission on such terms agreed upon at the
hearing of this matter.

A copy of the Settlement Agreement, Buyout Offer and the Bidding
Procedures attached to the Motion is available for free at:

            http://bankrupt.com/misc/Ambra_Bisconti_180_Sales.pdf

The Debtor proposes that the buyout offer of Hershowitz be
considered the equivalent or greater of the Trustee's proposed
Purchaser, Hope Howard of $2,075,000.

The proposed buyout or sale, or any overbid, of the Property should
result in the Debtor obtaining the highest and best price for the
Property but also balance the equities between two estates.  Thus,
the Debtor believes that the proposed buyout of the Property is in
the best interest of the Debtor's estate and her creditors.
Alternatively, a sale of the Property at a sufficiently high price
to overcome the tax burden on the Bisconti estate may be in the
best interest of the Debtor's estate and her creditors.  

Accordingly, the Debtor asks Court to approve the sale of interest
to the Buyer free and clear of all liens, claims and interests.

The Purchaser:

          Gail Hershowitz
          Telephone: (310) 968-5481

The Purchaser is represented by:

          Timothy J. Yoo, Esq.
          LEVENE, NEALE, BENDER, YOO & BRILL L.L.P.
          800 South Figueroa St., Suite 1260
          Los Angeles, CA 90017
          Telephone: (310) 229-1234
          Direct: (310) 229-3365
          Facsimile: (231) 627-7194
          E-mail: tiy@lnbyb.com

Counsel for the Debtor:

          Daren M. Schlecte, Esq.
          LAW OFFICE OF DAREN M. SCHLECTER
          1925 Century Park East, Suite 830
          Los Angeles, CA 90067
          Telephone: (310) 553-5747
          Facsimile: (310) 553-5487

Ambra Bisconti sought Chapter 11 protection (Bankr. C.D. Cal. Case
No. 15-16511) on April 24, 2015.


BAY CIRCLE: Can Use Up to $25,810 Cash for Examiner Fees
--------------------------------------------------------
Judge Wendy L. Hagenau of the U.S. Bankruptcy Court for the
Northern District of Georgia authorized Bay Circle Properties, LLC,
et al., to use cash collateral.

The Debtor is authorized to use up to $25,810 in cash collateral to
pay fees and expenses awarded by the Court to the examiner and her
professionals.

A full-text copy of the Order, dated Jan. 9, 2017, is available at

http://bankrupt.com/misc/BayCircle2015_1558440wlh_545.pdf

               About Bay Circle Properties

Bay Circle Properties, LLC, DCT Systems Group, LLC, Sugarloaf
Centre, LLC, Nilhan Developers, LLC, and NRCT, LLC, own 16
different real properties including significant undeveloped
acreage.  The properties also include office/warehouse buildings,
retail shopping centers and free standing single tenant buildings.

They filed Chapter 11 bankruptcy petitions (Bankr. N.D. Ga. Case
Nos. 15-58440 to 15-58444) on May 4, 2015.  The Chapter 11 cases
are jointly administered.  The petitions were signed by Chuck
Thakkar, manager.  The Debtors are represented by John A. Christy,
Esq., J. Carole Thompson Hord, Esq., and Jonathan A. Akins, Esq.,
at Schreeder, Wheeler & Flint, LLP.  The Debtors estimated $1
million to $10 million in both assets and liabilities.

No trustee has been appointed and the Debtors are operating their
businesses as debtors-in-possession.



BC EQUITY: S&P Withdraws 'BB-' Rating on $75MM Bridge Loan
----------------------------------------------------------
S&P Global Ratings said that it withdrew its 'BB-' issue-level
rating and '1' recovery rating on San Francisco-based leisure club
operator BC Equity Ventures LLC's $75 million asset sale bridge
loan due 2017 following the loan's prepayment using part of the net
proceeds from the $140 million sale of the San Francisco Tennis
Club and surrounding real estate (SFTC).  In addition, BC Equity
Ventures is contemplating an amendment to its credit facility that
would allow the company to use the remaining net proceeds from the
SFTC sale, and a planned $60 million in new nonrecourse mortgage
debt, to acquire assets with owned real estate that the company
believes would qualify as an IRS Code section 1031 like-kind
exchange.  The like-kind exchange qualification would enable BC
Equity Ventures to avoid paying taxes on the gain on sale of SFTC.
Even though the planned nonrecourse mortgage borrowing and asset
purchases would increase our base-case forecast for adjusted debt
to EBITDA in 2017 to around 6x (from the low-5x area previously),
S&P views the planned like-kind exchange and related transactions
favorably because they would add productive cash flow producing
assets to the portfolio. As a result, S&P's 'B' corporate credit
rating on the company is unchanged.

"Also unchanged are our 'BB' issue-level rating and '1+' recovery
rating on the company's $20 million senior secured priority
revolving credit facility due 2021, and our 'B' issue-level rating
and '3' recovery rating on the $350 million senior secured
first-lien term loan due 2022.  The security package
collateralizing these debt issuances, and our valuation assumptions
in our simulated default analysis, are currently unchanged.
Although the currently contemplated new structure under the
like-kind exchange transactions would contribute future asset
acquisitions to a subsidiary that would be wholly owned by BC
Equity Ventures LLC, the planned nonrecourse mortgage debt lenders
would get a first lien on the new assets and BC Equity Ventures LLC
would benefit from an equity pledge from the new subsidiary.  We
have assumed the contemplated equity pledge would provide no
incremental value to the senior secured credit facility in our
simulated default scenario because we have discounted the value of
the planned new assets and there would be no residual equity value
available to senior secured lenders," S&P said.

                         RECOVERY ANALYSIS

Key analytical factors:

   -- S&P's 'BB' issue-level rating and '1+' recovery rating are
      unchanged on the company's $20 million senior secured
      priority revolving credit facility due 2021, which has a
      first-out provision.  The '1+' recovery rating indicates
      S&P's expectation for full (100%) recovery in the event of a

      payment default.

   -- S&P's 'B' issue-level rating and '3' recovery rating are
      unchanged on the company's $350 million senior secured
      first-lien term loan due 2022.  The '3' recovery rating
      indicates S&P's expectation for meaningful (50%-70%; upper
      half of the range) recovery in the event of a payment
      default.

   -- S&P's simulated default scenario contemplates a default
      occurring in 2020, reflecting a substantial decline in cash
      flow due to prolonged economic weakness in California, along

      with increased competitive pressures and lower consumer
      spending, contributing to severe customer attrition and a
      negative mix shift to lower priced memberships.

   -- S&P believes that if the company were to default, it would
      continue to have a viable business model, given Bay Club's
      high-end full service clubs and locations in attractive
      markets.  As a result, S&P believes that lenders would
      achieve greater value through reorganization than through a
      liquidation of the business.

   -- The currently contemplated new structure under the like-kind

      exchange transactions would contribute future asset
      acquisitions to a subsidiary that would be wholly owned by
      BC Equity Ventures LLC.  However, the planned nonrecourse
      mortgage debt lenders would get a first lien on the new
      assets and BC Equity Ventures LLC would benefit from an
      equity pledge from the newly created subsidiary.  S&P has
      assumed the contemplated equity pledge would provide no
      incremental value to the senior secured credit facility in
      S&P's simulated default scenario because it has discounted
      the value of the planned new assets and there would be no
      residual equity value available to senior secured lenders.

Simulated default assumptions:

   -- Simulated year of default: 2020
   -- EBITDA at emergence: $46 million
   -- EBITDA multiple: 6x

Simplified waterfall:

   -- Net enterprise value available to first-out revolver and
      term loan (after 5% administrative costs): $263 million
   -- Obligor/nonobligor valuation split: 100%/0%
   -- Priority secured revolver: $17.7 million
   -- Value available to priority revolver claims: $263 million
      -- Recovery expectation: 100%
   -- Secured term loan claims: $353 million
   -- Value available for term loan claims: $245 million
      -- Recovery expectation: 50% to 70% (upper half of the
     range)

RATINGS LIST

BC Equity Ventures LLC
Corporate Credit Rating      B/Stable/--

Ratings Withdrawn
                              To          From
BC Equity Ventures LLC
Senior Secured Bridge Loan   NR          BB-
  Recovery Rating             NR          1


BIG APPLE CIRCUS: Sale of Walden Property to Polich for $2.5M OK'd
------------------------------------------------------------------
Judge Sean H. Lane of the U.S. Bankruptcy Court for the Southern
District of New York authorized The Big Apple Circus, Ltd.'s
private sale of real property located at 39 Edmunds Lane, Walden,
New York, to Polich Tallix, Inc., for $2,500,000.

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

The Debtor is authorize to take any and all further actions
necessary and appropriate to consummate, effectuate, implement and
close on the sale of the Walden Property, including payment of the
claims, costs, and expenses related thereto.

The Debtor is authorized to pay, within 5 business days following
the Closing Date, to the Commissioner of Finance for Orange County,
New York all real property tax obligations (including penalties and
interest) owed by the Debtor to Orange Country.

On the Closing Date, the Debtor is directed, to satisfy all
outstanding amounts owed under the Walden Mortgage owed to
Nonprofit Finance Fund secured by the Walden Property within 5
business days following the Closing Date.

The Debtor is authorized to apply the net proceeds of the sale of
the Walden Property in accordance with section 363 of the
Bankruptcy Code, pursuant to a confirmed chapter 11 plan, or as
otherwise authorized by the Court.

The Debtor and the "Lender-Directors" permanently, immediately, and
irrevocably acknowledge, represent, stipulate and agree:

          a. As of the Petition Date, the Debtor is indebted and
liable to Nonprofit Finance Fund under those certain loan and
security agreements dated as of Dec. 30, 2008 and Sept. 2, 2009
("Prepetition First Lien Loan Documents"), without objection,
defense, counterclaim or offset of any kind, in the aggregate
principal amount of not less than $711,647 subject to currency
fluctuations), plus any interest, fees, expenses, reimbursement
obligations, and other obligations under the Prepetition First Lien
Loan Documents, including, without limitation, any attorneys',
accountants', consultants', appraisers' and financial and other
advisors' fees, to the extent chargeable or reimbursable under the
Prepetition First Lien Loan Documents ("Prepetition First Lien
Secured Obligations").

          b. The Prepetition First Lien Secured Obligations and the
Prepetition First Lien Loan Documents are (i) legal, valid,
binding, non-avoidable, and enforceable against the Debtor, and
(ii) not subject to any contest, attack, objection, recoupment,
defense, counterclaim, offset, subordination, re-characterization,
avoidance or other claim, cause of action
or other challenge of any kind or nature under the Bankruptcy Code,
under applicable nonbankruptcy law or otherwise.

          c. The liens granted by the Debtor to or for the benefit
of Nonprofit Finance Fund as security for the Prepetition First
Lien Secured Obligations ("Prepetition First Priority Liens")
encumber the Walden Property, as the same existed on or at any time
prior to the Petition Date.  The Prepetition First Priority Liens
have been properly recorded and perfected under applicable
non-bankruptcy law, and are legal, valid, enforceable,
non-avoidable, and not subject to contest, avoidance, attack,
offset, re-characterization, subordination or other challenge of
any kind or nature under the Bankruptcy Code, under applicable
non-bankruptcy law or otherwise.  The Debtor is not aware of any
liens or security interests over the Prepetition First Lien
Collateral having priority over the Prepetition First Priority
Liens, other than certain real property tax liens asserted by
Orange County.

Notwithstanding Bankruptcy Rule 6004(h) or any other applicable
Bankruptcy Rule, the terms and conditions of the Order are
immediately effective and enforceable upon its entry.

                  About The Big Apple Circus

The Big Apple Circus, Ltd. is a Type B not-for-profit corporation
organized under section 201 of the New York Not-for-Profit
Corporation Law that is exempt from federal taxes under section
501(c)(3) of the Internal Revenue Service Code.  Founded in 1977
by
Paul Binder and Michael Christensen to establish a performing
circus and school for the instruction and artistic development of
circus arts, the Big Apple Circus is a venerated, New York
cultural
institution renowned for its critically-acclaimed performances and
dedicated community programs.  The Circus' home base is in New
York
City's Lincoln Center.

The Big Apple Circus, Ltd., filed a chapter 11 petition (Bankr.
S.D.N.Y. Case No. 16-13297) on Nov. 20, 2016.  The petition was
signed by Will Maitland Weiss, executive director.  The Debtor
estimated assets and liabilities at $1 million to $10 million at
the time of the filing.

The Debtor is represented by Natasha M. Labovitz, Esq. and
Christopher Updike, Esq., at Debevoise & Plimpton LLP.  

On Dec. 12, 2016, the Office of the United States Trustee for the
Southern District of New York appointed an official committee of
unsecured creditors.  No request for the appointment of a trustee
or examiner has been made in this chapter 11 case.


BIG APPLE CIRCUS: Stampler to Auction Circus Assets on Feb. 7
-------------------------------------------------------------
Judge Sean H. Lane of the U.S. Bankruptcy Court for the Southern
District of New York authorized The Big Apple Circus, Ltd.'s (i)
bidding and auction procedures in connection with the sale of
certain Circus Assets, and (ii) employment and retention of
Stampler Auctions as auctioneer.

In light the cancellation of the Circus' performance season, the
Circus will sell its circus equipment and other related personal
and intellectual property associated with the Circus' performance
unit, which are no longer necessary to support the Circus' mission
or operations, with hopes of preserving an operating enterprise
that will once again perform shows in New York City in upcoming
seasons.

A copy of the Bidding Procedures and Sale Notice attached to the
Order is available for free at:

         http://bankrupt.com/misc/The_Big_Apple_76_Order.pdf

As further described in the Bidding Procedures, any entity wanting
to participate in the Phase I Auction must submit a Qualified Bid
on Feb. 3, 2017 at 5:00 p.m. (ET), which deadline may be extended
by the Debtor, in consultation with Stampler.

If two or more Qualified Bids are received on or before the Bid
Deadline, the Debtor will conduct the Phase I Auction commencing on
Feb. 7 at 11:00 a.m. (ET), at the offices of Debevoise & Plimpton
LLP, 919 Third Avenue, New York, to determine the Successful Bid.
The Phase I Auction may be adjourned or rescheduled without further
notice by an announcement of the adjourned date at the Phase I
Auction.  The Debtor reserves the right to cancel the Phase I
Auction.  Absent irregularities in the conduct of the Phase I
Auction, or reasonable and material confusion during the bidding,
the Court will not consider bids after the Phase I Auction has been
closed.

The Sale Approval Hearing will be held on Feb. 14, 2017 at 10:00
a.m. (ET).  The Sale Approval Hearing may be adjourned or
rescheduled without further notice by an announcement of the
adjourned date at the Sale Approval Hearing.

All parties in interest will receive or be deemed to have received
good and sufficient notice of the Motion, the Bidding Procedures,
the Auctions, the sale of the Circus Assets, and the Sale Approval
Hearing, and no other or further notice of the foregoing will be
required if:

   a. Within 3 business days after entry of the Order, the Debtor
serves the Sale Notice by first class mail (and by electronic mail
transmission where possible) on all interested parties and those
who have requested notice in the Debtor's chapter 11 case pursuant
to Bankruptcy Rule 2002; and

   b. As soon as practicable following the determination of the
Successful Bid, the Debtor files a notice with the Court
identifying the Successful Bidder and the place and time of the
Phase II Auction, if any, and serves such notice by telecopy,
electronic mail transmission, or overnight delivery, upon all
interested parties and those who have requested notice in the
Debtor's chapter 11 case pursuant to Bankruptcy Rule 2002.

All objections to approval of the sale of the Circus Assets to the
Successful Bidder must be made no later than 4:00 p.m. (ET) on Feb.
9, 2017.

The Debtor is authorized to employ and retain Stampler as
auctioneer, nunc pro tunc to Dec. 23, 2016, in accordance with the
terms and conditions set forth in the Agreement, which is approved
in all respects.  Except as otherwise set forth, the requirements
of Local Bankruptcy Rules 6004-1(c) and 6005-1(b) are waived to the
extent applicable.

Notwithstanding anything to the contrary in the Local Bankruptcy
Rules, after the Sale Report has been filed and served in
accordance with the Bidding Procedures, all compensation owed to
Stampler under the Agreement may be paid by the Circus without
further notice or hearing, unless a party in interest files an
objection to such payment within 14 days of the filing and service
of the Sale Report.

Notwithstanding Bankruptcy Rule 6004(h) or any other applicable
Bankruptcy Rule, the terms and conditions of the Order are
immediately effective and enforceable upon its entry.

                  About The Big Apple Circus

The Big Apple Circus, Ltd. is a Type B not-for-profit corporation
organized under section 201 of the New York Not-for-Profit
Corporation Law that is exempt from federal taxes under section
501(c)(3) of the Internal Revenue Service Code.  Founded in 1977
by
Paul Binder and Michael Christensen to establish a performing
circus and school for the instruction and artistic development of
circus arts, the Big Apple Circus is a venerated, New York
cultural
institution renowned for its critically-acclaimed performances and
dedicated community programs.  The Circus' home base is in New
York
City's Lincoln Center.

The Big Apple Circus, Ltd., filed a chapter 11 petition (Bankr.
S.D.N.Y. Case No. 16-13297) on Nov. 20, 2016.  The petition was
signed by Will Maitland Weiss, executive director.  The Debtor
estimated assets and liabilities at $1 million to $10 million at
the time of the filing.

The Debtor is represented by Natasha M. Labovitz, Esq. and
Christopher Updike, Esq., at Debevoise & Plimpton LLP.  

On Dec. 12, 2016, the Office of the United States Trustee for the
Southern District of New York appointed an official committee of
unsecured creditors.  No request for the appointment of a trustee
or examiner has been made in this chapter 11 case.


BILTMORE 24 INVESTORS: U.S. Trustee Unable to Appoint Committee
---------------------------------------------------------------
An official committee of unsecured creditors has not yet been
appointed in the Chapter 11 case of Biltmore 24 Investors SPE LLC
as of Jan. 13, according to a court docket.

Biltmore 24 Investors SPE, LLC sought protection under Chapter 11
of the Bankruptcy Code (Bankr. D. Ariz. Case No. 16-13358) on
November 22, 2016.  The petition was signed by Bruce Gray,
manager.

The case is assigned to Judge Paul Sala.  The Debtor is represented
by Stinson Leonard Street, LLP.

At the time of the filing, the Debtor estimated its assets at $50
million to $100 million and debts at $10 million to $50 million.


BIODATA MEDICAL: Resolves Issues With UST Over Yaspan Employment
----------------------------------------------------------------
Biodata Medical Laboratories, Inc. has filed an amended application
seeking court approval to employ the Law Offices of Robert M.
Yaspan as its bankruptcy counsel.

The company revised its application in response to comments made by
the Office of the U.S. Trustee, the Justice Department's bankruptcy
watchdog.

In its application filed on Jan. 5 with the U.S. Bankruptcy court
for the Central District of California, Biodata disclosed that
"there is no prior relationship" between Yaspan and the company, or
between the law firm and the company's officers, directors or
shareholders.

Yaspan will give legal advice regarding Biodata's duties under the
Bankruptcy Code, negotiate with creditors, assist in the
preparation of a bankruptcy plan, and provide other legal services
related to the company's Chapter 11 case.

Robert Yaspan, Esq., will be paid an hourly rate of $550 while
other attorneys at the firm will be paid $435 per hour, according
to court filings.

                      About BioData Medical

BioData Medical Laboratories, Inc., based in Montclair, CA, owns
and operates a medical testing business that provides medical
services for individuals.  The Debtor filed a Chapter 11 petition
(Bankr. C.D. Cal. Case No. 16-20446) on November 28, 2016.  The
Hon. Mark S. Wallace presides over the case.  

In its petition, the Debtor estimated $2.23 million in assets and
$5.90 million in liabilities.  The petition was signed by Henry
Wallach, CEO.


BIODATA MEDICAL: Seeks to Hire Muhammad Khilji as Accountant
------------------------------------------------------------
Biodata Medical Laboratories, Inc. seeks approval from the U.S.
Bankruptcy Court for the Central District of California to hire an
accountant and business consultant.

The Debtor proposes to hire Muhammad Khilji and his firm CFO & Tax
Solutions Inc. as accountant and business consultant, respectively.


Mr. Khilji will receive a retainer in the amount of $2,500 for his
services while his firm will be paid on a monthly basis.  CFO's
fees will be capped at $2,500 per month.

Mr. Khilji maintains an office at:

     Muhammad Khilji
     CFO & Tax Solutions Inc.
     208 Technology Drive, Suite P
     Irvine, CA 92618

                      About BioData Medical

BioData Medical Laboratories, Inc., based in Montclair, CA, owns
and operates a medical testing business that provides medical
services for individuals.  The Debtor filed a Chapter 11 petition
(Bankr. C.D. Cal. Case No. 16-20446) on November 28, 2016.  The
Hon. Mark S. Wallace presides over the case.  

In its petition, the Debtor estimated $2.23 million in assets and
$5.90 million in liabilities.  The petition was signed by Henry
Wallach, CEO.


BON-TON STORES: 2016 Holiday Comparable Store Sales Dropped 3.1%
----------------------------------------------------------------
The Bon-Ton Stores, Inc., announced that its comparable store sales
for the nine-week holiday period ended Dec. 31, 2016, decreased
3.1%, in line with guidance provided on Nov. 17, 2016.  Total sales
for the nine week November and December period were $752.1 million
compared to sales of $784.4 million in the prior year period.  

Kathryn Bufano, president and chief executive officer, commented,
"Following challenging sales trends in the first three weeks of
November, business improved from Thanksgiving through the end of
December.  During the holiday season, we continued to deliver
double digit growth in our omnichannel business, including mobile
demand.  Our best performing categories during the holiday season
were men's big and tall, furniture, women's outerwear, and intimate
apparel."

Ms. Bufano added, "We are pleased to see the traction we are
gaining on our merchandising initiatives despite weak mall traffic
trends.  Our focus remains on executing against our strategic
initiatives, while prudently managing inventory levels and
expenses.  Based on these sales trends and our expectations for the
remainder of the quarter, we are maintaining our full-year guidance
provided on November 17, 2016; however, we expect to be at the low
end of the range."

The company will provide additional details on March 14, 2017, when
it reports its results for the fourth quarter and fiscal 2016
periods ending Jan. 28, 2017.

                      About Bon-Ton Stores

The Bon-Ton Stores, Inc., with corporate headquarters in York,
Pennsylvania and Milwaukee, Wisconsin, operates 270 stores, which
includes nine furniture galleries and four clearance centers, in
26 states in the Northeast, Midwest and upper Great Plains under
the Bon-Ton, Bergner's, Boston Store, Carson's, Elder-Beerman,
Herberger's and Younkers nameplates.  The stores offer a broad
assortment of national and private brand fashion apparel and
accessories for women, men and children, as well as cosmetics and
home furnishings.  For further information, please visit the
investor relations section of the Company's Web site at
http://investors.bonton.com.               

Bon-Ton Stores reported a net loss of $57.05 million on $2.71
billion of net sales for the fiscal year ended Jan. 30, 2016,
compared to a net loss of $6.97 million on $2.75 billion of net
sales for the fiscal year ended Jan. 31, 2015.

As of Oct. 29, 2016, Bon-Ton Stores had $1.73 billion in total
assets, $1.80 billion in total liabilities and a total
shareholders' deficit of $68.64 million.

                          *     *     *

As reported in the TCR on Dec. 4, 2015, Moody's Investors Service
downgraded Bon-Ton Stores's Corporate Family Rating to 'Caa1' from
'B3'.  The company's Speculative Grade Liquidity rating was
affirmed at SGL-2.  The rating outlook is stable.  The downgrade
considers the continuing and persistent negative pressure on
Bon-Ton's revenue and EBITDA margins which has been accelerating
during the course of fiscal 2015.

As reported by the TCR on Aug. 22, 2016, S&P Global Ratings raised
its corporate credit rating on Bon-Ton Stores to 'CCC+' from 'CCC'.
The outlook remains negative.  "The upgrade reflects our view of
Bon-Ton's somewhat improved liquidity after refinancing its A-1 ABL
term loan tranche with an extended maturity to March 2021 and
enhanced liquidity from the additional $50 million in borrowing
capacity to address upcoming debt maturity in 2017.


BOWER CONTRACTING: U.S. Trustee Unable to Appoint Committee
-----------------------------------------------------------
An official committee of unsecured creditors has not yet been
appointed in the Chapter 11 case of Bower Contracting, Inc. as of
Jan. 13, according to a court docket.

Bower Contracting, Inc., based in Mosca, Colo., filed a Chapter 11
petition (Bankr. D. Colo. Case No. 16-21735) on December 2, 2016.
Hon. Thomas B. McNamara presides over the case. Jeffrey S. Brinen,
Esq. of Kutner Brinen, P.C. serves 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 David R. Bower, president.

A list of the Debtor's two unsecured creditors is available for
free at http://bankrupt.com/misc/cob16-21735.pdf


BROUGHER INC: Seeks Court Approval of Use of TBK Bank Cash
----------------------------------------------------------
Brougher, Inc., and its secured creditor TBK Bank, SSB, filed a
motion asking the U.S. Bankruptcy Court for the Southern District
of Texas to allow the Debtor to use cash collateral and to grant
adequate protection to TBK Bank.

The Court had previously prohibited the Debtor from using cash
collateral, in its Order Denying Use of Cash Collateral, on Dec.
14, 2016.

The Parties contend that following the entry of the Order Denying
Use of Cash Collateral, they reached an agreement on the Debtor's
use of cash collateral on a limited consensual basis.  They further
contend that the agreement will permit the Debtor to use a limited
amount of cash collateral pursuant to an agreed upon budget with
TBK Bank in order to fund the cost and expense to sell
substantially all of the Debtor's assets, which is intended to
maximize the value of the Debtor's assets and is in the best
interests of the Debtor, its estate, and its creditors.

The proposed Wind Down Budget provides for total expenses in the
amount of $102,669 for January 2017, $97,640 for February 2017, and
$40,000 for March 2017.

A full-text copy of the Motion, dated Jan. 9, 2017, is available
at:

    http://bankrupt.com/misc/BrougherInc2016_1635575_68.pdf

A full-text copy of the proposed Wind Down Budget, dated Jan. 9,
2017, is available at:

    http://bankrupt.com/misc/BrougherInc2016_1635575_68_2.pdf

                       About Brougher, Inc.

Brougher, Inc., sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. S.D. Tex. Case No. 16-35575) on Nov. 2,
2016.  The petition was signed by Wade Brougher, president.  The
case is assigned to Judge Jeff Bohm.  The Debtor is represented by
Julie M. Koenig, Esq., at Cooper & Scully, PC.

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

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


BROWN JORDAN: Moody's Assigns B2 CFR & Rates New $160MM Loan B2
---------------------------------------------------------------
Moody's Investors Service assigned a B2 Corporate Family Rating
("CFR") to Brown Jordan International, Inc., a B2-PD Probability of
Default Rating, and a B2 rating to the company's proposed $160
million first lien term loan. The rating outlook is stable.

The proceeds from the term loan will be used in conjunction with a
substantial equity contribution to fund the purchase of Brown
Jordan by private equity group Littlejohn and Co. As part of the
transaction, Brown Jordan will also be entering into a $35 million
asset based revolving credit facility that is expected to be
undrawn at the close of the transaction.

Moody's took the following rating actions on Brown Jordan
International, Inc.:

Corporate Family Rating, assigned B2;

Probability of Default Rating, assigned B2-PD;

$160 million first lien term loan, assigned B2 (LGD4);

Outlook is stable.

RATINGS RATIONALE

Brown Jordan's B2 CFR considers its small size relative to other
manufacturers based on revenue, which for the twelve months
trailing September 30, 2016 was $357 million pro forma for the
divestiture of its site amenities business segment. Additionally,
the ratings consider that the company will be acquisitive in its
growth strategy. This will prioritize some cash flow for
acquisitions rather than for debt repayment and increases risk
surrounding the company's ability to fully realize synergies and
lower debt leverage.

At the same time, the rating considers Brown Jordan's relatively
modest debt leverage at the B2 rating level. Pro forma for the new
capital structure, the company's debt to EBITDA will be 4.5x and
Moody's projects this figure to fall to 4.1x by the end of 2017.
Brown Jordan is free cash flow positive and is projected to
generate approximately $10 million of free cash flow in 2017 which
it can use to reduce debt on its balance sheet absent any
acquisitions. Despite the substantial increase in its interest
burden from a transaction that more than doubles total debt,
Moody's projects Brown Jordan's EBITA interest coverage to be 3.0x
in 2017. The rating also benefits from Brown Jordan's increased
shift in mix towards commercial sales, particularly in the
hospitality end markets. Mandated renovation cycles and customer
trust built on Brown Jordan's reliability creates recurring and
sticky revenue streams.

Moody's expects Brown Jordan to maintain a good liquidity profile
over the next 12 months. Its liquidity profile is supported by
projected positive free cash flow but is constrained by low cash
balances of under $1 million. To meet seasonal swings in cash needs
the company will draw on its $35 million asset based revolving
credit facility in the first quarter of the year, but will end each
other quarter with no advances. Moody's expects the borrowing base
to exceed the committed amount each quarter. The term loan will be
subject to a maximum net leverage covenant and the revolver will be
subject to a minimum springing fixed charge covenant that is tested
if availability falls below a specified level. Alternate sources of
liquidity are limited by Brown Jordan's secured capital structure.

The stable rating outlook is based on Moody's expectation of
improved credit metrics amidst a favorable operating environment.

The ratings could be downgraded is debt to EBITDA rises above 5.0x
on a sustained basis, EBITA coverage of interest falls below 2.0x,
and if the company's liquidity profile deteriorates.

The ratings could be upgraded if the company is able to
significantly increase its size, scale, and diversity while
maintaining good credit metrics.

Headquartered in St. Augustine, FL, Brown Jordan International,
Inc. is a manufacturer of indoor and outdoor furniture for both
consumers and commercial markets, particularly in the hospitality
space. It sells under the brand names Charter, Tropitone,
Texacraft, Winston, Casual Living, and Brown Jordan. Following its
purchase in 2017, Brown Jordan is owned by private equity firm
Littlejohn and Co. Pro Forma revenue for the twelve months trailing
September 30, 2016 was $357 million.


BROWN JORDAN: S&P Assigns 'B' CCR on Moderate Debt Leverage
-----------------------------------------------------------
S&P Global Ratings assigned its 'B' corporate credit rating to
St. Augustine, Fla.-based Brown Jordan International Inc.  The
outlook is stable.

At the same time, S&P assigned a 'B' issue-level rating to the
company's proposed $160 million senior secured term loan due 2023.
The '3' recovery rating indicates S&P's expectation of meaningful
(50%-70%, higher end) recovery in the event of a payment default.
The company is also issuing a proposed $35 million asset-based
lending (ABL) revolving credit facility (unrated) due 2022.

The company expects to use proceeds from the debt offering to fund
the acquisition and related expenses.  At the close of the
transaction, S&P estimates that Brown Jordan will have about $180
million of adjusted debt outstanding.

The ratings on Brown Jordan reflect its moderate debt leverage,
limited market position, and scale in the highly fragmented U.S.
indoor and outdoor furniture industry.  Other factors include the
company's narrow business focus whereby demand for its products are
largely linked to remodeling projects at commercial and hotel
properties, resulting in substantial exposure to economic
down-cycles given the discretionary nature of travel in the leisure
industry and the likelihood for homeowners to defer purchases in
the consumer-retail business.

Brown Jordan is a designer and manufacturer of indoor and outdoor
furniture for commercial and consumer markets in the U.S.  The
company has a broad portfolio of established brands that include
Charter Furniture, Tropitone, Winston, Brown Jordan, and Casual
Living Worldwide that spans from value to premium price points and
caters to various demographics and end customers.  Brown Jordan
sells its products through a variety of channels, including
wholesale and several company-operated retail and showroom stores.
Therefore, customer concentration is low, with the largest customer
representing no more than 12% of sales.  Wholesale customers
include specialty stores, mass merchants, and warehouse clubs.

The stable outlook reflects S&P Global Ratings' expectation that
the company will continue to maintain near-term operating
improvement and leverage near 4x or below, based on S&P's forecast
and expectation of continued improved profitability from the Brown
Jordan Company line and increased contribution from specialty
retail and commercial project sales and debt reduction with excess
cash flow.

S&P could lower the ratings if the company is unable to
successfully win consistent project business to maintain margins to
cover its fixed charges, which could constrain liquidity, or if
U.S. macroeconomic conditions weaken materially, resulting in top
line contraction by over 2%, margin contraction by over 2%, and
leverage sustained above 5x.

S&P could raise the ratings if Brown Jordan continues to grow its
respective brands and realizes higher levels of expected cash flow,
resulting in reduced debt leverage maintained below 3.5x. This is
further demonstrated by its ability to manage its flexible variable
cost structure during an economic downturn or deferred hospitality
related spending.  S&P believes this could also occur if the
company pays down debt, does not fund sizeable, debt-financed
acquisitions or dividends, and improves profitability from
continued cost savings and revenue growth above S&P's assumptions,
resulting in the EBITDA margin improving at least over 2%.



CAMERON KUHN: Orlando Developer Files Bankruptcy With $22.8M Debt
-----------------------------------------------------------------
The American Bankruptcy Institute, citing Paul Brinkmann of Orlando
Sentinel, reported that Cameron Kuhn, once called the king of
downtown Orlando, filed for personal Chapter 7 bankruptcy on Jan.
11, 2017, declaring $22.8 million in liabilities to various
corporations.

According to the report, specific liabilities listed in his
bankruptcy include a $1 million judgment from an investor lawsuit
in federal court in Northern Illinois; $19,500 in domestic support
obligations and $36,485 in taxes.  Kuhn also filed Jan. 11 to put
one of his existing companies, First Loft Corporation, in
bankruptcy, listing credit card debts there of $120,000, the
Sentinel said.

The Sentinel related that Kuhn bought up more than 20 properties in
Orlando by 2007, when real estate markets crashed and the Great
Recession began.  By late 2008, he had told the Sentinel he was all
but broke.

He previously filed bankruptcy for one of his companies related to
the Plaza in 2010, declaring $10 million in debts and in assets,
the Sentinel said.


CAROLINA MOLD: Hires Ivey, McClellan, Gatton & Siegmund as Attorney
-------------------------------------------------------------------
Carolina Mold & Machine, Inc., seeks authorization from the U.S.
Bankruptcy Court for the Middle District of North Carolina to
employ Ivey, McClellan, Gatton & Siegmund, LLP as attorneys.

The Debtor requires the Firm to:

     a. assist in investigating and examining contracts, bonds,
mortgages, eases, financing statements and other related documents
to determine whether the validity of such;

     b. determine the rights and priorities of lien holders, in
any;

     c. advise in preserving the Debtor's properties and assets;
and

     d. generally assist the Debtor in administering the estate.

The Debtor-in-Possession will compensate and reimbursed the Firm in
the manner approved by this Court from revenues generated during
the course of the proceeding.

Dirk W. Siegmund, Esq., member of the law firm of Ivey, McClellan,
Gatton & Siegmund, LLP, assured the Court that the firm does not
represent any interest adverse to the Debtor and its estates.

The Firm may be reached at:

     Dirk W. Siegmund, Esq.
     Ivey, McClellan, Gatton & Siegmund, LLP
     100 South Elm Street Suite 500
     Greensboro, NC 27401
     Phone: 336-274-4658
     Fax: 336-274-4540

                 About Carolina Mold & Machining

Carolina Mold & Machining, Inc. sought protection under Chapter 11
of the Bankruptcy Code (Bankr. M.D.N.C. Case No. 17-10001) on
January 1, 2017.  The petition was signed by Rodney
Marion,
president.  

At the time of the filing, the Debtor disclosed $660,978 in assets
and $1.48 million in liabilities.


CAROLLO BAR: Hearing on Approval of Disclosures Set For Feb. 21
---------------------------------------------------------------
The Hon. Christine M. Gravelle of the U.S. Bankruptcy Court for the
District of New Jersey will hold on Feb. 21, 2017, at 2:00 p.m. a
joint hearing to determine the adequacy of Carollo Bar and
Restaurant, Inc.'s disclosure statement dated Jan. 3, 2017, and, if
warranted, to approve the Debtor's plan of reorganization dated
Jan. 3, 2017.

Objections to the Disclosure Statement and Plan must be filed no
later than seven days prior to the hearing.

                About Carollo Bar and Restaurant

Carollo Bar and Restaurant, Inc. sought protection under Chapter 11
of the Bankruptcy Code (Bankr. D. N.J. Case No. 16-14795) on March
15, 2016.  The petition was signed by Antonina Carollo, president.


The case is assigned to Judge Christine M. Gravelle.

Carrie J. Boyle, Esq., at McDowell Posternock Apell & Detrick, PC,
is the Debtor's realtor in connection with the sale of its real
estate and liquor license.

Ellen M. McDowell, Esq., at McDowell Posternock Apell & Detrick,
PC, serves as the Debtor's bankruptcy counsel.

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


CASELLA WASTE: Moody's Assigns Caa1 to $25MM FAME Bonds
-------------------------------------------------------
Moody's Investors Service assigned a Caa1 (LGD 5) rating to the $25
million Finance Authority of Maine (FAME) Solid Waste Disposal
Revenue Bonds Series 2005R-3 which are guaranteed by Casella Waste
Systems, Inc. (Casella). All other ratings on Casella are
unaffected, including the B2 Corporate Family Rating (CFR) and the
B1 senior secured credit facility ratings. The FAME Series 2005R-1
bonds ($3.6 million) as well as the FAME Series 2005R-2 bonds
($21.4 million) are being remarketed into this new series, FAME
Series 2005R-3. As a result, upon funding of the Series 2005R-3
bonds, Moody's expects to withdraw the Caa1 rating on the Series
2005R-2 bonds. The rating outlook is stable.

RATINGS RATIONALE

Casella Waste Systems, Inc.'s B2 Corporate Family Rating (CFR)
reflects an improving but still elevated leverage position
(debt-to-EBITDA near 5x), weak EBIT-to-interest coverage
(approximately 1x) and modest scale with a regional focus. The
rating is supported by the company's steady progress in de-risking
its credit profile and reflects Moody's expectation for this
positive momentum to continue as Casella executes its ongoing
strategic initiatives implemented in late 2012. Operational
improvements including sourcing incremental waste volumes to its
landfills as the Northeast experiences a supply-demand disposal
capacity imbalance, heightened focus on pricing collection
operations in excess of inflation, collection route efficiencies
and the implementation of a new fee structure for the recycling
operations continue to drive higher returns and cash flow
generation. Accordingly, Moody's anticipates debt-to-EBITDA to fall
below 5x and EBIT-to-interest to comfortably exceed 1x by the end
of 2017.

Casella's liquidity profile is adequate as denoted by the SGL-3
rating. The modest cash position is supported by improving free
cash flow generation that is being driven by stronger margins -
year-over-year pricing growth in the collection and disposal lines
of business - and capital expenditures that should settle into the
waste industry average of approximately 10% of revenues. The $160
million secured revolving credit facility had approximately $65
million drawn at the end of November 2016. After netting posted
letters of credit, revolving availability was roughly $73 million.
Moody's expects availability to steadily increase through 2017 with
the application of free cash flow to the outstanding revolver
balance.

The revolving facility includes standing maintenance covenants of
maximum net leverage with step-downs and minimum interest coverage
with step-ups.

The stable outlook reflects Moody's expectations for modest but
steady revenue growth over the next 12-24 months driven by stronger
collection pricing and rising tipping fees as a result of reduced
landfill capacity in the Northeast US. The majority of expected
free cash flow - over $20 million in 2016 and over $25 million in
2017 - is anticipated to be utilized to pay down the revolving
credit facility and term loan, meaningfully reducing leverage, with
a secondary focus on tuck-in acquisitions.

Profitable expansion of the company's operating footprint beyond
New England and New York could lead to a ratings upgrade.
Additionally, debt-to-EBITDA below 4.5x, free cash flow-to-debt in
the mid-to-upper single-digit range and EBIT-to-interest
approaching 2x could result in upward rating pressure. A material
decline in revenues, free cash flow turning negative for an
extended period of time, debt-to-EBITDA trending towards 5.5x or a
material erosion in the liquidity position could lead to a
downgrade.

Rating Assigned:

  Senior Unsecured Solid Waste Disposal Revenue Bonds, FAME Series

  2005R-3, at Caa1 (LGD5)

Rating expected to be withdrawn upon funding of this transaction:

  Senior Unsecured Solid Waste Disposal Revenue Bonds, FAME Series

  2005R-2, at Caa1 (LGD5)

Casella Waste Systems, Inc. is a Northeast US regionally-focused
(Vermont, New Hampshire, New York, Massachusetts, Maine and
Pennsylvania) solid waste management company providing collection,
transfer, disposal and recycling services. The company reported
revenues of approximately $560 million for the latest twelve months
ended September 30, 2016.


CASELLA WASTE: S&P Assigns 'CCC+' Rating on Proposed $25MM Bonds
----------------------------------------------------------------
S&P Global Ratings assigned its 'CCC+' issue-level rating and '6'
recovery rating to Casella Waste Systems Inc.'s proposed
$25 million Finance Authority of Maine (FAME) solid waste
tax-exempt bonds.  The bonds are being issued by the Finance
Authority of Maine.  The '6' recovery rating indicates S&P's
expectation for negligible (0%-10%) recovery in the event of a
payment default.

All of S&P's other ratings on Casella Waste Systems remain
unchanged.

Casella is issuing $25 million of FAME solid waste tax-exempt bonds
to repay its $21.4 million FAME series 2005R-2 senior unsecured
bonds and $3.6 million FAME series 2005-R1 letter of credit
enhanced variable-rate bonds.  S&P expects that the proposed $25
million FAME bonds will be marketed as eight-year senior unsecured
bonds.

Casella is a vertically integrated provider of collection,
recycling, transfer, and disposal services for residential,
commercial, and industrial customers that primarily serves the
Northeastern U.S.  The company's generated $561 million in sales
and $119 million in adjusted EBITDA during the trailing 12 months
ended Sept. 30, 2016.  S&P's corporate credit rating on Casella
reflects the company's vertically integrated business model, ample
landfill capacity in a constrained region, and strong market share.
This is somewhat offset by the company's limited geographic
footprint, as it only operates in the Northeastern U.S. S&P
anticipates that the company's adjusted debt-to-EBITDA metric will
remain above 5x over the next 12 months, which is consistent with
our current rating.

                        RECOVERY ANALYSIS

Key analytical factors

   -- S&P's simulated default scenario envisions a payment default

      in 2020 stemming from declining waste volume amid economic
      weakness in the company's Northeastern U.S. markets while
      prices for recycled products remain sluggish.  At the same
      time, competition intensifies, which pressures Casella's
      margins and cash flow.  Eventually, the company's liquidity
      and capital resources would become strained to the point
      that it would be unable to continue to operate without
      filing for bankruptcy.

   -- S&P believes that the company's underlying business would
      continue to have considerable value and expect that Casella
      would re-emerge from bankruptcy, rather than pursue a
      liquidation scenario.

   -- S&P projects that the company will generate $77 million of
      EBITDA when it emerges from bankruptcy.

S&P's other key assumptions include:

   -- $160 million revolving credit facility is 85% drawn at
      default; and

   -- All debt outstanding at default includes six months of
      accrued interest.

Simulated default assumptions

   -- Simulated default year: 2020
   -- EBITDA multiple: 6x
   -- Emergence EBITDA: $77 million

Simplified waterfall

   -- Net enterprise value: $441 million (less 5% administrative
      expenses)
   -- Priority claims: $26 million
   -- Value available to senior secured claims: $415 million
   -- Senior secured debt claims: $466 million
      -- Recovery expectations: 70%-90% (higher end of range)
   -- Value available to unsecured debt claims: Negligible
   -- Unsecured subordinated debt claims (includes proposed
      $25 million FAME senior unsecured bonds): $110 million
      -- Recovery expectations: 0%-10%

RATINGS LIST

Casella Waste Systems Inc.
Corporate Credit Rating                 B/Stable/--

New Ratings

Finance Authority of Maine
$25M FAME Solid Waste Tax-Exempt Bnds   CCC+
  Recovery Rating                        6


CHICAGO PUBLIC SCHOOLS: Liquidity Crisis Worsens, Moody's Says
--------------------------------------------------------------
While unfunded pension liabilities will continue weighing on the
City of Chicago's (Ba1 negative) credit profile, plans to
significantly increase contributions with higher taxes is a
favorable departure from prior funding practices. However, the
liquidity crisis at Chicago Public Schools (CPS -- B3 negative) is
worsening amid a continued budget impasse at the state level,
Moody's Investors Service says in two new research reports released
Jan. 12, 2017.

While Chicago and CPS are legally separate entities with distinct
credit profiles, they share the same tax base and have some
overlapping governance.

In "City of Chicago: Frequently Asked Questions," Moody's says
despite the city's expanding economy, revenue growth, and healthy
liquidity, its pension burden is likely to remain among the highest
of any rated, major local government for many years.

"While Chicago's recent tax increases will provide revenue to
significantly increase pension funding, the city's unfunded pension
liabilities exceed seven times its revenue and are projected to
grow for at least 15 more years," says Matt Butler, Vice President
of Moody's.

Moody's says there is a limit on Chicago's ability to raise taxes
on its citizens and businesses, because each increase tempers the
appetite for further tax hikes that could be needed. Within the
last two years, there has been numerous tax increases by
overlapping governments, including Chicago, CPS and Cook County, IL
(A2 stable), with new revenue slated for funding pensions instead
of government services.

In a separate report, "Chicago Public Schools: Frequently Asked
Questions," Moody's states CPS' fiscal pressures are intensifying
due to depletion of reserves following years of imbalanced
operations, unrealistic budget assumptions, and escalating pension
costs.

"CPS' deteriorating credit profile reflects years of budget
imbalance which have completely drained operating reserves, leaving
the district with minimal protection against further budget
pressures," said Naomi Richman, Managing Director of Moody's.

Coinciding with the sharp drop in fund balance, CPS' liquidity has
fallen considerably and the district has turned to issuing
short-term tax anticipation notes to support its operations. Its
recent $730 million offering is strictly for capital improvements
and cannot be used for operating expenses.

CPS has also assumed material growth in state aid that for the last
two years has not materialized, worsening its budget imbalance.
Rising pension costs have also exacerbated CPS' finances and these
costs will continue to grow annually.

Moody's says CPS could consider more difficult options to address
its finances should the State of Illinois (Baa2 negative) be unable
or unwilling to provide additional relief: levy for debt service on
GO alternate revenue bonds, stop making employer pension
contributions, or seek state authorization to file for Chapter 9
bankruptcy.

As CPS' credit deteriorates, it could have an impact on the city's
credit profile. CPS is integral to Chicago's economy and tax base,
and CPS' budget pressures could impair the city's ability to raise
revenue.

Should CPS levy for debt service, the subsequent property tax
increase for Chicago residents and businesses could weaken the
city's political and practical ability to increase tax revenues in
the future.


CLAIRE'S STORES: Units Ink $50M Credit Pact with Angelo Gordon
--------------------------------------------------------------
Claire's (Gibraltar) Intermediate Holdings Limited, an indirect
subsidiary of Claire's Stores, Inc., and certain subsidiaries of
Claire's Intermediate Gibraltar entered into a credit agreement on
Jan. 5, 2017, with Botticelli LLC, as administrative agent,
Cortland Capital Market Services LLC, as collateral agent, and the
lenders party thereto.  The lenders are certain funds and accounts
managed by Angelo, Gordon & Co., L.P.

The Europe Credit Agreement replaced that certain Amended and
Restated Multicurrency Revolving Facility, dated as of Sept. 20,
2016, among Claire's Intermediate Gibraltar, the other borrowers
party thereto and HSBC Bank PLC, as lender, which HSBC Credit
Facility terminated effective Jan. 5, 2017.

The Europe Credit Agreement provides for a $50 million aggregate
principal amount secured term loan that was made on Jan. 5, 2017,
and will mature on Jan. 31, 2019.  Interest accrues at 15% per
annum during the first year (with 3% pay-in-kind) and 12% per annum
during the second year.  All obligations under the Europe Credit
Agreement have been guaranteed by certain of Claire's Intermediate
Gibraltar's existing direct and indirect wholly-owned subsidiaries,
and secured by liens on the assets of Claire's Intermediate
Gibraltar, the other borrower and the guarantors party thereto and
by a pledge of the shares of Claire's Intermediate Gibraltar, in
each case, subject to certain exceptions and limitations.

The Europe Credit Agreement contains customary affirmative and
negative covenants applicable to the Loan Parties, events of
default and provisions relating to mandatory and voluntary
payments.  These covenants restrict the Loan Parties' ability to
incur indebtedness, grant liens and make investments, subject to
the exceptions and conditions set forth therein.  Claire's
Intermediate Gibraltar is also restricted from making foreign cash
transfers to Claire's Stores and its subsidiaries, subject to
compliance with a leverage ratio test and to certain exceptions.
Additionally, the Loan Parties must maintain specified minimum
balances of cash and cash equivalents, measured as of the last day
of any fiscal month, specified minimum collateral values, measured
as of the last day of any fiscal quarter, and specified levels of
Consolidated Total Assets and EBITDA, measured as of the last day
of any fiscal quarter.

Neither Claire's Stores nor any of its U.S. subsidiaries will be
party to, or guarantors of, the Europe Credit Agreement.

                    About Claire's Stores

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

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

                           *     *     *

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

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


CLAYTON WILLIAMS: Director Resignation Triggers Listing Deficiency
------------------------------------------------------------------
Clayton Williams Energy, Inc., filed an interim written affirmation
with the New York Stock Exchange notifying the NYSE that, as a
result of the resignation of Mr. Ted G. Gray, Jr. from the board of
directors of the Company, the Company is not currently in
compliance with Section 303A.07(a) of the NYSE's Listed Company
Manual because the audit committee of the Board consists of only
two members.  

On Jan. 10, 2017, the Company received a letter from the NYSE
indicating that if the Company is not able to cure this deficiency
by Jan. 18, 2017, a "BC" indicator will be added to the Company's
ticker symbol "CWEI" on Jan. 20, 2017, to denote that the Company
is not in compliance with the NYSE's continued listing standards.
The Company's common stock will continue to be listed and traded,
subject to compliance with the other continued listing
requirements, and the "BC" indicator will be removed when the
Company is compliant with all NYSE listing standards.  The Board
intends to commence its search for and appoint an independent
director to the Board to serve as the third member of the Audit
Committee as soon as practicable.

The Company received notice from Mr. Ted G. Gray, Jr., of his
resignation from the Board and all committees thereof, effective
Jan. 5, 2017.  There was no disagreement between Mr. Gray and the
Board, the Company, or the Company's management regarding 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.  Mr. Gray was a member of the Audit,
Compensation and Nominating and Governance Committees of the
Board.

                     About Clayton Williams

Midland, Texas-based Clayton Williams Energy, Inc., is an
independent oil and gas company engaged in the exploration for and
production of oil and natural gas primarily in Texas and New
Mexico.  On Dec. 31, 2015, the Company's estimated proved reserves
were 46,569 MBOE, of which 78% were proved developed.  The
Company's portfolio of oil and natural gas reserves is weighted in
favor of oil, with approximately 83% of its proved reserves at Dec.
31, 2015, consisting of oil and natural gas liquids and
approximately 17% consisting of natural gas.  During 2015, the
Company added proved reserves of 3,542 MBOE through extensions and
discoveries, had downward revisions of 26,158 MBOE and had sales of
minerals-in-place of 472 MBOE.  The Company also had average net
production of 15.8 MBOE per day in 2015, which implies a reserve
life of approximately 8.1 years.  

Clayton Williams reported a net loss of $98.2 million in 2015
following net income of $43.9 million in 2014.

As of Sept. 30, 2016, Clayton Williams had $1.43 billion in total
assets, $1.25 billion in total liabilities and $182.8 million in
stockholders' equity.

                          *     *     *

As reported by the TCR on Aug. 2, 2016, S&P Global Ratings affirmed
its 'CCC+' corporate credit rating on Clayton Williams Energy.  The
ratings reflect S&P's assessment that the company's debt leverage
is unsustainable, debt to EBITDA expected to average above 15x over
the next three years.  The ratings also reflect S&P's assessment of
liquidity as adequate.


CLINICA SANTA ROSA: Wants Premium Financing from IPFS Corporation
-----------------------------------------------------------------
Clinica Santa Rosa, Inc., asks the U.S. Bankruptcy Court for the
District of Puerto Rico for authorization to enter into a Premium
Finance Agreement with IPFS Corporation.

The Debtor tells the Court that it does not have the full amount to
pay the premium of the Insurance Policy, in the amount of $299,315.
The Debtor further tells the Court that it needs to enter into the
Premium Finance Agreement in order to continue its insurance
policies, as required.

The Debtor relates that it has made the arrangements to renew the
Insurance Policy and has made down payments on the same to Fulcro
Insurance, Inc., in the amount of $88,566.

The Debtor seeks to obtain premium financing from IPFS Corporation
with the following relevant terms, among others:

     (a) Amount Financed: $206,655
     (b) Total of Payments: $210,749
     (c) Annual Percentage Rate: 4.730%
     (d) Finance Charge: $4,094.16

The Debtor proposes to grant IPFS Corporation with a first priority
security interest in the policies, including:

     (1) all money that is or may become due under the agreement
because of a loss under the policies that reduces unearned
premiums;

     (2) any return of premiums or unearned premiums under the
policies; and

     (3) any dividends that may become due the debtors in
connection with policies.

The Debtor contends that in the event that it defaults under the
terms of the Premium Finance Agreement, IPFS Corporation may, in
accordance with the terms of the agreement and without further
order of the Court, cancel the policies listed in the agreement or
any amendment thereto and receive and apply the unearned or the
return premiums to the Debtor's account.

A full-text copy of the Debtor's Motion, dated Jan. 11, 2017, is
available at
http://bankrupt.com/misc/ClinicaSantaRosa2016_1609033eag11_81.pdf

                      About Clinica Santa Rosa

Clinica Santa Rosa, Inc., engaged in a healthcare business, filed a
Chapter 11 petition (Bankr. D.P.R. Case No. 16-09033) on Nov. 14,
2016.  The petition was signed by Fernando Alarcon Ocasio,
president.  At the time of the filing, the Debtor estimated assets
at $1 million to $10 million and liabilities $10 million to $50
million.

The Debtor is represented by Antonio I. Hernandez Santiago, Esq.

The U.S. Trustee for the District of Puerto Rico appointed Edna
Diaz De Jesus and the Patient Care Ombudsman for Clinica Santa
Rosa.


CLUB VILLAGE: Seeks to Hire Akerman as Special Counsel
------------------------------------------------------
Club Village, LLC seeks approval from the U.S. Bankruptcy Court for
the Southern District of Florida to hire Akerman LLP as special
counsel.

The Debtor tapped the firm to draft documents in connection with
the closing of the sale of its assets.

Akerman will be paid on an hourly basis for its services and will
receive reimbursement for work-related expenses.

Andrew Sodl, Esq., the attorney designated to provide the services,
disclosed in a court filing that he and his firm do not hold or
represent any interest adverse to the Debtor's bankruptcy estate.

The firm can be reached through:

     Andrew Sodl, Esq.
     Akerman LLP
     50 N. Laura St., Suite 3100
     Jacksonville, FL 32202
     Phone: (904) 798-3700
     Email: Andrew.sodl@akerman.com

The Debtor is represented by:

     Aaron A. Wernick, Esq.
     Furr Cohen, P.A.
     2255 Glades Road, Suite 337W
     Boca Raton, FL 33431
     Phone: (561) 395-0500
     Fax: (561) 338-7532
     Email: awernick@furrcohen.com

                        About Club Village

Club Village, LLC, filed a Chapter 11 petition (Bankr. S.D. Fla.
Case No. 16-21497) on Aug. 22, 2016.  The petition was signed by
Fred DeFalco, managing member.  

The Debtor is represented by Aaron A. Wernick, Esq., at Furr &
Cohen.  The case is assigned to Judge Erik P. Kimball.  The Debtor
disclosed total assets at $11.5 million and total debts at $11.2
million.

As of Jan. 10, 2017, no trustee, examiner or statutory committee
has been appointed in the Debtor's case.


COATES INTERNATIONAL: Issues $43,000 Promissory Notes to Power Up
-----------------------------------------------------------------
Coates International, Ltd., received on Jan. 10, 2017, the net
proceeds of a Securities Purchase Agreement and related convertible
promissory note, dated Jan. 5, 2017, in the face amount of $43,000
issued to Power Up Funding Group, Ltd.  The Promissory Note matures
in October 2017 and provides for interest at the rate of eight
percent per annum.  The Note may be converted into unregistered
shares of the Company's common stock, par value $0.0001 per share,
at the Conversion Price, as defined, in whole, or in part, at any
time beginning 180 days after the date of the Note, at the option
of the Holder.  All outstanding principal and unpaid accrued
interest is due at maturity, if not converted prior thereto.  The
Company incurred expenses amounting to $3,000 in connection with
this transaction.

The Conversion Price will be equal to 61% multiplied by the Market
Price.  The Market Price will be equal to the average of the three
lowest closing bid prices of the Company's common stock on the OTC
Pink Sheets during the 10 trading-day period ending one trading day
prior to the date of conversion by the Holder.  The Conversion
Price is subject to adjustment for changes in the capital structure
such as stock dividends, stock splits or rights offerings.  The
number of shares of common stock to be issued upon conversion will
be equal to the aggregate amount of principal, interest and
penalties, if any divided by the Conversion Price.  The Holder
anticipates that upon any conversion, the shares of stock it
receives from the Company will be tradable by relying on an
exemption under Rule 144 of the U.S. Securities and Exchange
Commission.

The Conversion Price is subject to adjustment in the event of any
of the following:

   1. During the period when a Major Announcement by the
      Company relating to a merger, consolidation, sale of the
      Company or substantially all of its assets or tender offer
      is in effect.

   2. A merger, consolidation, exchange of shares,    
      recapitalization, reorganization or other similar event
      being consummated.

The Company is not permitted to pay dividends or make other
distributions of capital or repurchase or otherwise acquire any
shares of its capital stock without the Holder's consent and is
subject to certain restrictions on new borrowings, while there is a
remaining outstanding balance related to the convertible promissory
note.

These notes may be prepaid during the first six months the notes
are outstanding by paying a prepayment penalty equal to 30% during
the first 60 days, increasing in 5% increments each month
thereafter, to a maximum of 50%.  The Company has reserved
939,980,710 shares of its unissued common stock for potential
conversion of the convertible note.

The convertible promissory note was privately offered and sold to
the Holder in reliance on specific exemptions from the registration
requirements of the United States federal and state securities laws
which the Company believes are available to cover this transaction
based on representations, warranties, agreements, acknowledgements
and understandings provided to the Registrant by the Holder.

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

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

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

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

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


COMPANION DX: Plan Disclosures Hearing Set for Feb. 14
------------------------------------------------------
Judge Marvin Isgur of the U.S. Bankruptcy Court for the Southern
District of Texas conditionally approved the combined plan and
disclosure statement filed by Companion DX Reference Lab, LLC.

Feb. 10, 2017 is fixed as the last day for filing written
acceptances or rejections of the plan.

Feb. 14, 2017 at 3:00 p.m. is fixed for the hearing on final
approval of the disclosure statement and for the hearing on
confirmation of the plan.

Feb. 10, 2017 is fixed as the last day for filing written
objections to the disclosure statement and confirmation of the
plan.

               About Companion DX Reference Lab

Companion DX Reference Lab, LLC, filed a Chapter 11 bankruptcy
petition (Bankr. S.D.Tex. Case No. 16-33427) on July 5,
2016.  The
petition was signed by Michael Stewart, chief executive officer. 
Judge Marvin Isgur presides over the case.  Leonard H. Simon,
Esq.,
at Pendergraft & Simon, LLP, represents the Debtor as
counsel.  The
Debtor estimated $1 million to $10 million in assets and $10
million to $50 million in liabilities at the time of the filing.


COOK INVESTMENTS: U.S. Trustee Unable to Appoint Committee
----------------------------------------------------------
An official committee of unsecured creditors has not yet been
appointed in the Chapter 11 cases of Cook Investments NW ARL LLC,
et al., as of Jan. 12, 2017, according to a court docket.

Arlington, Washington-based Cook Investments NW ARL LLC (Bankr.
W.D. Wash. Case No. 16-15837), Cook Investments NW Fern LLC (Bankr.
W.D. Wash. Case No. 16-15833), Cook Investments NW LLC (Bankr. W.D.
Wash. Case No. 16-15834), Cook Investments NW Darr LLC (Bankr. W.D.
Wash. Case No. 16-15836), and Spanaway, Washington-based Cook
Investments NW, SPNWY, LLC (Bankr. W.D. Wash. Case No. 16-44782)
filed separate Chapter 11 bankruptcy petitions on Nov. 21, 2016.
The petitions were signed by Michael L. Cook, sole member.

Judge Marc Barreca presides over the cases of Cook Investments NW
Fern, Cook Investments NW Darr, and Cook Investments NW ARL.  Judge
Timothy W. Dore presides over the Cook Investments NW case.  Judge
Brian D Lynch presides over the Cook Investments NW, SPNWY case.

James L. Day, Esq., and Katriana L Samiljan, Esq., at Bush Kornfeld
LLP serves as the Debtors' bankruptcy counsel.

Cook Investments NW Fern, Cook Investments NW Darr, Cook
Investments NW ARL, and Cook Investments NW, SPNWY, each estimated
their assets and liabilities at between $1 million and $10 million
each.  Cook Investments NW estimated its assets at up to $50,000
and its liabilities at between $1 million and $10 million.


CREEKSIDE CANCER: Seeks to Hire Anderson & Whitney as Accountant
----------------------------------------------------------------
Creekside Cancer Care, LLC seeks approval from the U.S. Bankruptcy
Court for the District of Colorado to hire an accountant.

The Debtor proposes to hire Anderson & Whitney, P.C. to prepare its
Form 1099s due January 31, assist in preparing its partnership tax
return due March 15, and provide other accounting services related
to its Chapter 11 case.

Judy Hicks and Jennifer Darnell, the Anderson professionals
designated to provide the services, will be paid $290 per hour and
$165 per hour.

Ms. Hicks, a certified public accountant, disclosed in a court
filing that her firm is a "disinterested person" as defined in
section 101(14) of the Bankruptcy Code.

Anderson can be reached through:

     Judy Hicks
     Anderson & Whitney, P.C.
     5801 W. 11th St., Suite 300
     Greeley, CO 80634-4813
     Phone: 970-352-7990

                   About Creekside Cancer Care

Creekside Cancer Care, LLC, filed a Chapter 11 petition (Bankr. D.
Colo. Case No. 16-21943) on December 9, 2016.  The petition was
signed by Charles Kelley Simpson, sole member.  The Debtor is
represented by Steven E. Abelman, Esq., Samuel M. Kidder, Esq., and
Michael J. Pankow, Esq., at Brownstein Hyatt Farber Schreck, LLP.
The Debtor estimated assets and liabilities at $1 million to $10
million.

The Debtor is a cancer care and treatment center based in
Lafayette, Colorado.  It provides a range of non-invasive radiation
therapy treatment options to its patients.


CRISTALEX INC.: Hires Falcon-Sanchez & Associates as Accountant
---------------------------------------------------------------
Cristalex, Inc., seeks authorization from the U.S. Bankruptcy Court
for the District of Puerto Rico to employ Falcon-Sanchez &
Associates, PSC, as accountant for Debtor.

The Debtor requires the Firm to:

     a. reconcile financial information to assist the Debtor in the
preparation of monthly operating reports;

     b. assist in the reconciliation and clarification of proof of
claims filed and amount due to creditors;

     c. provide general accounting and tax services to prepare
year-end reports and income tax preparation;

     d. assist the Debtor and Debtor's counsel in the preparation
of the supporting documents for the Chapter 11 Reorganization Plan,
including negotiation with creditors.

The Firm will be paid at these hourly rates:

     Ismael Falcon Ortega, CPA       $200
     CPA Supervisor                  $125
     Senior Accountant               $100
     Staff Accountant                $75

The Firm will receive a retainer of $1,000

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

Ismael Falcon Ortega, CPA, of Falcon-Sanchez & Associates, PSC,
assured the Court that the firm does not represent any interest
adverse to the Debtor and its estates.

The Firm may be reached at:

      Ismael Falcon Ortega, CPA
      Falcon-Sanchez & Associates, PSC
      1510, FD Roosevelt Ave.
      Guaynabo, PR     
      Tel: (787)273-7979
      Fax: (787)273-9797

                    About Cristalex Inc.

Cristalex, Inc. sought protection under Chapter 11 of
the
Bankruptcy Code (Bankr. D.P.R. Case No. 16-06385) on August
11,
2016.  The petition was signed by Marta Pagan Batista,
president.

At the time of the filing, the Debtor estimated assets of
less
than $500,000 and liabilities of $500,001 to $1 million.


CRYSTAL LAKE GOLF: Wants to Continue Using Cash Collateral
----------------------------------------------------------
Crystal Lake Golf Club, LLC seeks authorization from the U.S.
Bankruptcy Court for the District of Massachusetts to continue
using the cash collateral of Pentucket Bank and the Internal
Revenue Service until June 30, 2017.

The Debtor intends to utilize the proceeds generated through the
operation of its business and the membership income, otherwise, the
Debtor will be unable to continue business operations and perform
its obligations to Pentucket Bank, the IRS, the Debtor's employees,
and its vendors.  The Proposed Budget also includes the U.S.
Trustee's estimated distribution.

The Debtor proposes to continue to pay monthly principal and
interest payments in the amount of $10,818 to Pentucket Bank and
$2,700 to the IRS, plus an amount for real estate taxes sufficient
to keep the post-petition real estate taxes current the period
covered by the Proposed Budget.

The Debtor further proposes to grant Pentucket Bank and the IRS
with post-petition replacement liens in those assets generated in
the postpetition period that would have constituted collateral
subject to Pentucket Bank's and the IRS' prepetition liens and
security interests, which Post-petition Liens will have the same
priority as Pentucket Bank's and the IRS' prepetition liens.  The
Replacement Liens will be recognized, however, only to the extent
of any diminution in value of Pentucket Bank's and/or the IRS'
Pre-Petition Collateral after the petition date resulting from the
Debtor's use of Cash Collateral during this Chapter 11 case.

The Debtor expects that its ongoing post-petition maintenance and
operation of the Golf Club will preserve the current value of the
Golf Club and thereby protect Pentucket Bank's and the IRS'
interest in the Debtor and its assets.

A full-text copy of the Debtor's Motion, dated January 10, 2017, is
available at https://is.gd/uJCA6V


              About Crystal Lake Golf Club LLC

Crystal Lake Golf Club, LLC, filed a chapter 11 petition (Bankr. D.
Mass. Case No. 16-41324) on July 27, 2016.  The petition was signed
by Michael J. Maroney, managing member.  The case is assigned to
Judge Christopher J. Panos.  The Debtor estimated assets at
$500,000 to $1 million and liabilities at $1 million to $10 million
at the time of the filing.

The Debtor is represented by Richard A. Mestone, Esq., at Mestone &
Associates LLC.  The Debtor employed Jeffrey M. Dennis, CPA, as
accountant.


DAMAR HOLDINGS: Voluntary Chapter 11 Case Summary
-------------------------------------------------
Debtor: Damar Holdings LLC
        1024 Pleasant Circle
        Rockville, MD 20850

Case No.: 17-10473

Nature of Business: Single Asset Real Estate

Chapter 11 Petition Date: January 12, 2017

Court: United States Bankruptcy Court
       District of Maryland (Greenbelt)

Judge: Hon. Lori S. Simpson

Debtor's Counsel: Michael Patrick Coyle, Esq.
                  THE COYLE LAW GROUP LLC
                  6700 Alexander Bell Drive, Suite 200
                  Columbia, MD 21046
                  Tel: 410-884-3180
                  Fax: 410-884-3104
                  E-mail: mcoyle@thecoylelawgroup.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by David Rea, managing member.

The Debtor has no unsecured creditor.

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

         http://bankrupt.com/misc/mdb17-10473.pdf


DE-TECH COLLISION: Seeks to Hire Skillman Group as Accountant
-------------------------------------------------------------
De-Tech Collision, Inc. seeks approval from the U.S. Bankruptcy
Court for the Eastern District of Michigan to hire an accountant.

The Debtor proposes to hire Skillman Group, PLC to assist in the
preparation of its monthly financial statements, prepare its tax
returns, and provide other accounting services.

The hourly rates charged by the firm are:

     Partners             $250
     Managers             $175
     Seniors              $145
     Staff                 $90
     Paraprofessionals     $50

Mark Gilroy, an accountant employed with Skillman Group, disclosed
in a court filing that he and other employees of the firm are
"disinterested persons" as defined in section 101(14) of the
Bankruptcy Code.

The firm can be reached through:

     Mark Gilroy
     Skillman Group, PLC
     2150 Butterfield, Suite 210
     Troy, MI 48084
     Phone: (248) 641-5020
     Fax: (248) 641-5030

                     About De-Tech Collision

De-Tech Collision, Inc. filed a chapter 11 petition (Bankr. E.D.
Mich. Case No. 16-55398) on Nov. 14, 2016. The petition was signed
by Suzanne Chaaban, corporate officer. The Debtor is represented by
Kimberly Ross Clayson, Esq., at Schneider Miller, P.C. The Debtor
disclosed total assets at $1.07 million and total liabilities at
$230,650.


DEAN YOUNG: Court Approves Disclosure Statement
-----------------------------------------------
Judge David R. Duncan of the U.S. Bankruptcy Court for the District
of South Carolina issued an order approving Dean Young Enterprises,
LLC's disclosure statement referring to its plan of reorganization
filed on Nov. 8 2016.

As previously reported, the restructuring plan proposes to sell the
Debtor's real estate located at 100 Old Barnwell Road, in West
Columbia, South Carolina.  The Debtor believes the property is
worth $785,000.

Feb. 10 is set as the last day for filing ballots accepting or
rejecting the plan.  Any objections to the confirmation of the plan
must be in writing and served on or before Feb. 10, 2017.

The hearing on the confirmation of the plan will be held on Feb.
16, 2017 at 10:30 a.m at the J Bratton Davis U.S. Bankruptcy
Courthouse, 1100 Laurel St, Columbia, SC.

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

               About Dean Young Enterprises

Dean Young Enterprises, LLC sought protection under Chapter 11 of
the Bankruptcy Code (Bankr. D.S.C. Case No. 16-04214) on August
19,
2016.  The petition was signed by Dean Young, vice
president.  The
case is assigned to Judge David R. Duncan.  At the time of the
filing, the Debtor estimated its assets and debts at $1 million to
$10 million. 

The Debtor is represented by Jane H. Downey, Esq. at Moore Taylor
Law Firm, P.A.  The Debtor hired Colliers International South
Carolina, Inc. as its real estate agent.

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 Dean Young Enterprises, LLC.


DIADEM ENTERPRISES: Hires McWhorter, Cobb & Johnson as Counsel
--------------------------------------------------------------
Diadem Enterprises, Inc., seeks authorization from the U.S.
Bankruptcy Court for the Northern District of Texas to employ
McWhorter, Cobb & Johnson, LLP as counsel for the Debtor.

The Debtor requires the Firm to:

     a. prepare motions, notices, orders and legal papers necessary
to comply with the requisites of the United States Bankruptcy Code
and Bankruptcy Rules;

     b. counsel with the Debtor regarding preparation of operating
reports, motions for use of cash collateral, and development of a
Chapter 11 Plan of Reorganization;

     c. advise the Debtor concerning questions arising in the
conduct of the administration of the estate and concerning the
Debtor's rights and remedies with regard to the estate's assets and
the claims of secured, preferred and unsecured creditors and other
parties in interest; and

     d. assist the Debtor with any and all sales of assets,
closings of such sales, and distributions to creditors.

MCJ will be paid at these hourly rates:

     Partners/Associates $150-$300
     Paralegals/Law Clerks $80-$100

MCJ has received a retainer in the sum of $31,700.

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

Todd J. Johnston, Esq., partner in the law firm of McWhorter, Cobb
& Johnson, 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 has no connection with any of the creditors of the estate,
or any party of interest, their respective attorneys and
accountants, the US Trustee or any person employed in the office of
the US Trustedd.

MCJ may be reached at:

     Todd J. Johnston, Esq.
     McWhorter, Cobb & Johnson, LLP
     1722 Broadway
     P. O. Box 2547
     Lubbock, Texas 79408
     Tel: 806/762-0214
     Fax: 806/762-8014

               About Diadem Enterprises

Diadem Enterprises, Inc. dba DMIC - Dale Miller
Independent
Consultants, based in Memphis, Tex., filed a Chapter
11 petition (Bankr. N.D. Tex. Case No. 16-20362) on December 16,
2016.  The Hon. Robert L. Jones presides over the case. Todd
Jeffrey Johnston, Esq. serves as bankruptcy counsel.

In its petition, the Debtor estimated $1 million to $10 million in
both assets and liabilities.  The petition was signed by Dale
Miller, president.

A list of the Debtor's 20 largest unsecured creditors
is
available for free at
http://bankrupt.com/misc/txnb16-20362.pdf  


DRAFT CONTRACTING: Unsecureds to be Paid Over 5 Yrs., Plus 2.5%
---------------------------------------------------------------
Draft Contracting, LLC, filed with the U.S. Bankruptcy Court for
the District of Colorado a disclosure statement referring to the
Debtor's first amended plan of reorganization filed on Dec. 15,
2016.

Class 6(a)-(g) Unsecured Claims are each separate unsecured
creditor classes and are comprised of creditors holding allowed
unsecured claims against either of the Debtors, including any
allowed penalty claims held by any taxing authority which are not
related to actual pecuniary loss.  Allowed Class 6 Claims will
receive their pro rata share of the net profits fund.
Distributions from the Net Profits Fund will continue for five
years following the Effective Date.  Distributions to Class 6
claimants will not exceed the amount of the allowed unsecured
claims plus interest calculated at 2.5% per annum.  Distributions
to the Allowed Class 6 claimants will be made annually on Sept. 1
and will commence Sept. 1, 2017.

In the alternative, at any time during the term of the Plan and at
its sole discretion, the Debtor may distribute $15,000 (the amount
projected to be distributed to unsecured creditors under the Plan)
less any payments already made under the Plan, as a lump-sum
payment to the allowed Class 6 claimants on a pro rata basis, in
full, final, and complete satisfaction of their unsecured claims.
Distributions to the Class 6 claimants will equal at least an
aggregate amount of $5,000 over the term of the Plan.

Payments and distributions under the Plan will be funded by a
post-petition debtor in possession loan and the Debtor's
operations.  The Debtor plans to focus on directional drilling
operations which are generally more profitable than trenching.  The
Debtor has verified that there are profitable contracts available
to it for the year 2017.  

The Debtor has reduced expenses and streamlined operations.  The
Debtor anticipates that its business performance will increase as a
result of the infusion of cash from the debtor-in-possession loan.

The Disclosure Statement is available at:

           http://bankrupt.com/misc/cob16-12536-125.pdf

                     About Draft Contracting

Draft Contracting, LLC, based in Denver, Colorado, was formed in
2006 by Darby and Pamela Montoya.  It does underground dry utility
construction.  Its main clients are large telecommunication
providers.

The Debtor filed a Chapter 11 petition (Bankr. D. Colo. Case No.
16-12536) on March 22, 2016.  The Hon. Michael E. Romero presides
over the case.  

David Warner, Esq., at Sender Wasserman Wadsworth, P.C., serves as
the Debtor's bankruptcy counsel.

Mark D. Dennis at Dennis & Company serves is the Debtor's
accountant.

In its petition, the Debtor estimated $1,500 in assets and $1.27
million in liabilities.  The petition was signed by Pamela Montoya,
managing member.


DTEK FINANCE: Hearing Tomorrow on Chapter 15 Recognition Bid
------------------------------------------------------------
The U.S. Bankruptcy Court for the Southern District of New York
scheduled a hearing on Jan. 17, 2017, at 11:00 a.m. (New York Time)
to approve the request of Johan Bastin, as foreign representative
in respect of a voluntary scheme of arrangement concerning DTEK
Finance currently pending before the Chancery Division (Companies
Court) of the High Court of Justice of England and Wales,
recognizing the UK proceedings as a foreign main proceedings
pursuant to Section 1515 and 1517 of the Bankruptcy Code.

Copies of the petition and all companying documentation are
available to parties in interest on the Court's electronic case
filing system, which can be accessed from the Court's website at
http://www.nysb.uscourts.govor upon written request to the
petitioner's counsel addressed to:

   Latham & Watkins LLP
   885 Third Avenue
   New York, NY 10022-4834
   Tel: (212) 906-1200
   Fax: (212) 751-4864
   Attn: Adam J. Goldberg, Esq.
         Marc A. Zelina, Esq.
   Email: adam.goldberg@lw.com
          marc.zelina@lw.com

       -- or --

   Latham & Watkins LLP
   355 South Grand Avenue
   Los Angeles, CA 90071-1560
   Tel: (213) 485-1234
   Fax: (213) 891-8763
   Attn: Adam E. Malatesta
   Email: adam.malatesta@lw.com

Based in London, UK, DTEK Finance plc engages in coal mining.  The
Company filed for Chapter 15 protection on Dec. 16, 2016 (Bankr.
S.D.N.Y. Case No. 16-13521).  Judge Sean H. Lane presides the
Debtor's bankruptcy case.  Johan Bastin is the authorized
representative of the Debtor.  Adam J. Goldberg, Esq., Marc A.
Zelina, Esq., and Adam E Malatesta, Esq., Latham & Watkins LLP,
represent the Debtor.  The Debtor did not indicate their assets and
debts.


DUBLIN SCHOOL: S&P Puts GO Debt's 'BB+' Rating on CreditWatch Neg.
------------------------------------------------------------------
S&P Global Ratings placed its 'BB+' rating on Dublin School
District, Ga.'s general obligation (GO) debt and its 'BB' rating on
lease revenue bonds issued by Dublin City and Laurens County
Development Authority for the district on CreditWatch with negative
implications due to the lack of timely and sufficient information.

At the same time, S&P Global Ratings affirmed its 'AA+' program
rating, with a stable outlook, on the district's existing GO
bonds.

"The CreditWatch action follows our repeated attempts to obtain
timely information of satisfactory quality to maintain our rating
on the securities, in accordance with our applicable criteria and
policies," said S&P Global Ratings credit analyst Hilary Sutton.

Failure to receive the requested information will likely result in
S&P's suspension or withdrawal of the affected ratings, preceded,
in accordance with S&P's policies, by any change to the ratings
that it considers appropriate, based on available information.  If
after placement of the ratings on CreditWatch, S&P receives
information that it considers sufficient and of satisfactory
quality, S&P will conduct a review and take a rating action within
90 days of the CreditWatch placement.


ESPLANADE HL: Can Continue Using First Midwest Cash Collateral
--------------------------------------------------------------
Judge Carol A. Doyle of the U.S. Bankruptcy Court for the Northern
District of Illinois authorized 171 W. Belvidere Road, LLC and its
affiliated Debtors to use First Midwest Bank's cash collateral for
the period from January 16, 2017 through February 12, 2017.

The approved Budget covers the period from January 16, 2017 through
February 12, 2017, and projects total expenses of $29,495 for
Belvidere, $28,286 for Esplanade HL, $43,740 for Esplanade Drive,
and $44,763 for 9501 W. 144th Place.

In addition to all existing security interests and liens granted to
and held by First Midwest Bank in and to the Prepetition
Collateral, Judge Doyle granted First Midwest with replacement
liens on the collateral described in the Debtors' respective
prepetition security documents, of the same priority as set forth
in the prepetition security documents, subject to the payment of
the U.S. Trustee's fees and payment of all expenses in the Debtors'
proposed Budget.

Judge Doyle directed the tenants of each of the Debtors' respective
properties to pay rent, as follows:

     (a) Belvidere tenants will pay rents to the Belvidere;

     (b) Esplanade HL will pay rents to the Esplanade HL;      
                       
     (c) Esplanade Drive tenants will pay rents to Esplanade; and
          
     (d) 9501 W. 144th Place tenants will pay rents to 9501 W.
144th Place.

The final hearing to consider the Debtor's right to use cash
collateral on a final basis will be held on February 9, 2017 at
10:30 a.m.

A full-text copy of the Fourth Interim Order, dated January 12,
2017, is available at https://is.gd/GMFTzf


                   About Esplanade HL

Esplanade HL, LLC, 2380 Esplanade Drive, LLC, 9501 W. 144th Place,
LLC, and 171 W. Belvedere Road, and LLC, Big Rock Ranch, LLC each
filed chapter 11 petitions (Bankr. N.D. Ill. Case Nos. 16-33008,
16-33010, 16-33011, 16-33013, and 16-33015, respectively) on
October 17, 2016.  The petitions were signed by William Vander
Velde III, sole member and manager.

The Debtors are represented by Harold D. Israel, Esq. and Sean P.
Williams, Esq., at Goldstein & McClintock, LLLP.  Esplanade HL's
case is assigned to Judge Carol A. Doyle.  2380 Esplanade Drive's
case is assigned to Judge Donald R Cassling.  9501 W. 144th Place's
case is assigned to Judge Timothy A. Barnes.  171 W. Belvidere
Road, LLC's case is assigned to Judge Janet S. Baer. Big Rock
Ranch's case is assigned to Judge Deborah L. Thorne.  The Debtors
have requested the joint administration of their cases.

Big Rock Ranch estimated assets at $500,000 to $1 million and
liabilities at $100,000 to $500,000.  All the other Debtors
estimated assets and liabilities at $1 million to $10 million.


ESSAR STEEL: Conglomerate Faces $1-Bil. Suit from Minnesota Unit
----------------------------------------------------------------
Jacqueline Palank and Jacquie McNish, writing for The Wall Street
Journal Pro Bankruptcy, reported that a new lawsuit seeks more than
$1 billion in damages from Indian conglomerate Essar Group for
alleged misconduct related to a stalled Minnesota iron-ore mine and
processing plant.

According to the report, the lawsuit, filed by Essar Steel
Minnesota LLC in its chapter 11 case, outlines "a myriad of
damaging actions" parent company Essar Global Fund Ltd. allegedly
took with respect to the subsidiary.

These alleged actions "exacerbated ESML's cash starved financial
position" and included transferring millions of dollars to
affiliated companies not working on construction of the Minnesota
mine, for "absolutely no value" in return, the report related.

ESML also said in the suit that Essar Global "failed utterly in its
obligations" to invest new capital in the unit, depriving it of
needed operating funds and cutting off access to additional debt
financing, the report further related.

"ESML is left with a half-completed iron ore pellet plant that will
cost hundreds of millions of dollars more to finish; and ESML is
burdened with over a billion dollars in claims asserted against it
that are directly attributable to the Essar affiliates' failures to
fulfill their obligations with respect to the project," the report
said, citing the suit.

                  About Essar Steel Minnesota

Essar Steel Minnesota LLC and ESML Holdings Inc. filed for Chapter
11 bankruptcy protection (Bankr. D. Del. Case Nos. 16-11627 and
16-11626) on July 8, 2016.  The bankruptcy petition was signed by
Madhu Vuppuluri, president and chief executive officer.

The Debtors are represented by Craig H. Averich, Esq., at White &
Case LLP and John L. Bird, Esq., and Jeffrey M. Schlerf, Esq., at
Fox Rothschild LLP.  Epic Bankruptcy Solutions, LLC, serves as
claims and noticing agent.

The cases are assigned to Judge Brendan Linehan Shannon.

ESML Holdings Inc. estimated assets at $1 billion to $10 billion
and debts at $500 million to $1 billion.  Essar Steel Minnesota
LLC
estimated assets and debts at $1 billion to $10 billion.

Andrew Vara, acting U.S. trustee for Region 3, on July 20, 2016,
appointed
the official committee of unsecured creditors of ESML Holdings,
Inc., and its affiliates.  The Committee hired Andrew K. Glenn, at
Kasowitz Benson Torres & Friedman LLP, to act as counsel.  David
MacGreevey, at Zolfo Cooper, LLC., to serve as financial advisor.
Garvan F. McDaniel, at Hogan McDaniel, to act as Delaware counsel.


ESSENTIAL LIVING: Hires Hiramatsu as Financial Consultants
----------------------------------------------------------
Essential Living Foods, Inc., seeks authorization from the U.S.
Bankruptcy Court for the Central District of California to employ
Hiramatsu & Associates, Inc., as financial consultants.

The Debtor requires H&A to:

      a. assist with preparing financial information and weekly
reporting required by Gerber pursuant to cash collateral
stipulations with Gerber;

      b. prepare cash collateral projections for filing with the
Court;

      c. prepare Monthly Operating Reports;

      d. develop cash projections, if needed, for either the
Debtor's structured dismissal or Chapter 11 Plan of
Reorganization;

      e. review the company's historical information in order to
prepare financial statements for Gerber; and

      f. if needed, recommend changes in the company's operations
to strengthen the company's cash flow, profitability and/or its
balance sheet.

H&A will bill the Debtor an hourly rate of $250.00 per hour.

Pre-petition, H&A received $6,000 in payments from the Debtor,
which was used to satisfy pre-petition fees and costs incurred to
review the Debtor's operations and prepare cash flow projections,
receivable and inventory balances through the budget period, and
profit and loss statements used for the Debtor's emergency cash
collateral motion.

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

H&A may be reached at:

      Bette Hiramatsu
      Hiramatsu & Associates, Inc.
      11693 San Vicente Blvd., #370
      Los Angeles, CA 90049
      Tel: (310)415-3867
      Fax: (310)826-4536

              About Essential Living Foods, Inc.



Essential Living Foods, Inc. filed a Chapter 11 petition (Bankr.
C.D. Cal. Case No. 16-25844), on December 1, 2016.  The Petition
was signed by Kipp Stroden, chief executive officer.  The case is
assigned to Judge Robert N. Kwan.  The Debtor is represented by
Elaine Nguyen, Esq., James R Selth, Esq. and Daniel J. Weintraub,
Esq. at Weintraub & Selth, APC in Los Angeles, CA.  At the time
of filing, the Debtor estimated both assets and liabilities at $1
million to $10 million each.

No trustee or examiner has been appointed in this Bankruptcy Case.
No official committee of unsecured creditors has been formed.


ESSENTIAL LIVING: Sale of Assets to Terraholdings for $1.8M Okayed
------------------------------------------------------------------
Judge Robert Kwan of the U.S. Bankruptcy Court for the Central
District of California authorized Essential Living Foods, Inc.'s
sale of substantially all assets and property to Terraholdings, LLC
for $1,775,000.

A sale hearing was held on Jan. 10, 2017 at 3:00 p.m.

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

Gerber Finance, Inc., will be paid the sum of $1,150,000 in
accordance with the Asset Purchase Agreement in full satisfaction
of Gerber's claim upon closing.

Pursuant to Sections 105(a) and 365 of the Bankruptcy Code, and
subject to and conditioned upon the closing of the sale, the
Debtor's assumption and assignment to the Buyer of the equipment
leases is approved.

Subject to the "cure" payments of (i) $1,571 to the Debtor's
equipment lease with RLC Funding, a Division of Navitas Lease
Corp., and (ii) $2,634 to the Debtor's equipment lease with CIT
Finance, LLC/Summit Funding Group bearing the lease agreement
number 105119 upon Closing, the Debtor is authorized to execute and
deliver to the Buyer such documents or other instruments as may be
necessary to assign and transfer the equipment leases to the
Buyer.

The Order will be effective and enforceable immediately upon entry
of the Order and the stay imposed by Bankruptcy Rules 6004 (h) and
6006 (d) are waived.

                  About Essential Living Foods

Essential Living Foods, Inc., filed a Chapter 11 petition (Bankr.
C.D. Cal. Case No. 16-25844), on Dec. 1, 2016.  The petition
was signed by Kipp Stroden, chief executive officer.  The case is
assigned to Judge Robert N. Kwan.  The Debtor is represented by
Elaine Nguyen, Esq., James R Selth, Esq. and Daniel J. Weintraub,
Esq. at Weintraub & Selth, APC in Los Angeles, CA.  At the time of
filing, the Debtor had estimated both assets and liabilities at $1
million to $10 million each.

No trustee or examiner has been appointed in the case.  No official
committee of unsecured creditors has been formed.


ETERNAL ENTERPRISE: Can Continue Using Hartford Cash Collateral
---------------------------------------------------------------
Judge Ann M. Nevins of the U.S. Bankruptcy Court for the District
of Connecticut authorized Eternal Enterprise, Inc. to use Hartford
Holdings, LLC's cash collateral through January 31, 2017.

The Debtor contended that the cash collateral is subject to the
security interests of Hartford Holdings, LLC, as it has a duly
perfected non-avoidable security interest in the Debtor's rents.

Judge Nevins held that it is essential to the Debtor's business and
operations to use cash generated from rents so as to continue to
pay ordinary course operating expenses including maintaining the
property which will be beneficial to for the benefit of the estate.


The Debtor was authorized to use up to $119,497 of cash collateral,
and make a reduced adequate protection payment of $503 to Hartford
Holdings, LLC.  The Debtor was directed to pay make up payments in
the sum of $34,497 upon receipt of payment for lost income from the
Debtor insurance policy.

Hartford Holdings was granted replacement liens in all
after-acquired property of the Debtor from said property, which
will be of equal extent and priority to that which the Astoria
Federal Mortgage Corporation enjoyed with regard to the said
property at the time the Debtor filed its Chapter 11 petition.

The Debtor was directed to deposit the sum of $12,000 into its
Adequate Protection Escrow Account, to reflect an escrow for future
insurance premium expense, or other order of the Court.

The Debtor was also directed to make a direct monthly payment of
$29,000 to the City of Hartford, which sum will be applied to the
real estate tax obligations for the Debtor's several properties
located in the City of Hartford, excluding 360 Laurel Street, on a
pro rata basis.

Hartford Holdings will also be entitled to a superpriority
administrative expense claim to the extent that the adequate
protection ordered and provided for in the Order turns out to be
inadequate.

A continued hearing on use of cash collateral will be held on
January 25, 2017 at 11:00 a.m.

A full-text copy of the Order, entered on January 12, 2017, is
available at https://is.gd/ascEjx


               About Eternal Enterprise, Inc.

Eternal Enterprises Inc. -- http://www.eternalenterprises.net/--
filed a Chapter 11 bankruptcy petition (Bankr. D. Conn. Case No.
14-20292) on Feb. 19, 2014.  The petition was signed by Vera
Mladen, president.  The Debtor owns and manages eight properties
located in Hartford, Conn.  Judge Ann M. Nevins presides over the
case.  The Debtor is represented by Irene Costello, Esq., at
Shipkevich, PLLC.  The Debtor estimated assets at $50,000 to
$100,000 and debt at $1 million to $10 million at the time of the
chapter 11 filing.

The Debtor was authorized to continue to operate and manage its
business as a Debtor-In-Possession. No trustee or examiner has been
appointed in the proceedings.


ETERNAL ENTERPRISE: Can Use Cash Collateral to Pay A.D. Property
----------------------------------------------------------------
Judge Ann M. Nevins of the U.S. Bankruptcy Court for the District
of Connecticut authorized Eternal Enterprise, Inc. to use $69,182
in cash collateral to pay for security work done by A.D. Property
Preservation and Management LLC.

The Debtor required the use of cash collateral to pay for the
repairs of its Property located at 270 Laurel Street Hartford, CT,
which was severely damaged by a fire that occurred at the Property.
  

The Debtor received $750,000 from its insurance company as an
advance of payment for claims for emergency work that was done and
to begin repairs to the property, which constitute the cash
collateral of Hartford Holdings, LLC.

The Debtor received invoices from seven parties including A.D.
Properties, for emergency and repair work.  However, the Court
approved the payment of only 6 invoices itemized in the Debtor's
motions because at the hearing Hartford Holdings objected to the
invoice of A.D. Property for security work, in the amount of
$69,182.

Hartford Holdings subsequently withdrew its objection to the
payment of the outstanding A.D. Property invoice since the invoice
had been approved for payment by the insurance adjuster.

A full-text copy of the Order, entered on January 5, 2017, is
available at http://tinyurl.com/zedzne3

             About Eternal Enterprise, Inc.

Eternal Enterprises Inc. -- http://www.eternalenterprises.net/--
filed a Chapter 11 bankruptcy petition (Bankr. D. Conn. Case No.
14-20292) on Feb. 19, 2014.  The petition was signed by Vera
Mladen, president.  The Debtor owns and manages eight properties
located in Hartford, Conn.  Judge Ann M. Nevins presides over the
case.  The Debtor is represented by Irene Costello, Esq., at
Shipkevich, PLLC.  The Debtor estimated assets at $50,000 to
$100,000 and debt at $1 million to $10 million at the time of the
chapter 11 filing.

The Debtor employs Vincent Vizzo of Vin Vizzo Adjusters LLC as
public adjuster.


EXCELLENCE HOLDING: Seeks to Hire Hurley Rogner as Special Counsel
------------------------------------------------------------------
Excellence Holding, LLC seeks approval from the U.S. Bankruptcy
Court for the Middle District of Florida to hire Hurley, Rogner,
Miller, Cox & Waranch, P.A. as special counsel.

Hurley will represent the Debtor in a lawsuit involving homeowners
association 2050 Condotel Inn Condominium Association, Inc.

Scott Newsom, Esq., the attorney designated to represent the
Debtor, will receive $1,000 for his services.

The firm can be reached through:

     Scott Newsom, Esq.
     Hurley, Rogner, Miller,
     Cox & Waranch, P.A.
     1560 Orange Avenue, Suite 500
     Winter Park, FL 32789
     Phone: 407-571-7082
     Fax:  407-571-7401
     Email: SNewsom@hrmcw.com

                    About Excellence Holding

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

The Debtor is represented by Michael E. Golub, Esq., at Michael E.
Golub, P.A.  The Debtor engaged management company, Irlo Bronson
LLC, as manager.

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


EXCELLENCE HOLDING: Taps Success Investment as Real Estate Broker
-----------------------------------------------------------------
Excellence Holding, LLC seeks approval from the U.S. Bankruptcy
Court for the Middle District of Florida to hire a real estate
broker.

The Debtor proposes to hire Success Investment Realty to market and
sell its real property located at 2050 East Irlo Bronson Memorial
Highway, Kissimmee, Florida.

Success Investment will receive a commission of 5% of the sale
price.  The Debtor offers to sell the property for $1.2 million.

The firm can be reached through:

     Wanda P. Phillips
     Success Investment Realty
     6900 Silver Star Road, Suite 206A
     Orlando, FL 32818

                    About Excellence Holding

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

The Debtor is represented by Michael E. Golub, Esq., at Michael E.
Golub, P.A.  The Debtor engaged management company, Irlo Bronson
LLC, as manager.

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


FIRST PHOENIX-WESTON: Sabra Wants to Terminate Exclusivity Period
-----------------------------------------------------------------
Sabra Phoenix Wisconsin, LLC, asks the U.S. Bankruptcy Court for
the Western District of Wisconsin to terminate First
Phoenix-Weston, LLC, et al.'s exclusive periods for filing a
Chapter 11 plan and soliciting votes thereon.

Debtor Sabra contends that permitting it to file its own plan will
speed the proper resolution of this case.  Debtor Sabra further
contends that the Debtors have filed a Joint Plan of Reorganization
that is patently unconfirmable.  It argues that the Debtor's
separate classification of Sabra's unsecured deficiency claim
(Class 6) and general unsecured claims (Class 7), and Debtors'
strategic decision to create an unsecured convenience class (Class
8), do not comply with 11 U.S.C. Sections 1122(a) and (b) and other
applicable law.

Debtor Sabra tells the Court that the Debtors have offered no
explanation for their decision to separately classify the unsecured
claims in this case.  Debtor Sabra further tells the Court that
their insupportable decision disenfranchises Sabra with a divide
and conquer mindset that amounts to impermissible gerrymandering in
order to artificially satisfy the requirement of Section
1129(a)(10) of the Bankruptcy Code.

Debtor Sabra asserts that the Plan also unfairly discriminates
against its unsecured deficiency claim by proposing payment at an
insupportable rate of four percent over an extraordinary 35 years,
at a time when other unsecured creditors will be paid within
months.  Debtor Sabra further asserts that the net effect is that
nearly all the risk of non-payment is placed on Sabra, and little
of the risk is placed on the other unsecured creditors in these
cases.  It adds that the risk allocation chosen by the Debtors is
grossly disproportionate to what the parties had agreed upon prior
to bankruptcy.  Debtor Sabra contends that its loan had a maturity
date of at most three years, and a nine percent interest rate.
Debtor Sabra further contends that the Debtors will surely tout
that all unsecured creditors are being paid in full, but the ends
do not justify the means.

Debtor Sabra says it is prepared to propose a plan of
reorganization that provides for materially better treatment of
Debtors’ creditors and will not delay the administration of these
cases.

                   About First Phoenix-Weston

First Phoenix-Weston, LLC, and FPG & LCD, L.L.C., were formed in
2010 to organize, develop, and manage an assisted living and
skilled nursing care facility near three major regional hospitals
in Central Wisconsin including St. Clare's Hospital, which is just
a block away.  The Facility combines an assisted living facility
together with a skilled nursing facility in a resort-like
atmosphere for its patients.  The business is commonly known as the
"Stoney River" assisted living and rehab.  The Facility is
comprised of two integrated businesses: a 35-unit skilled nursing
rehabilitation center (commonly referred to as the skilled nursing
facility, or "SNF"), and a 60- unit assisted living facility (the
"ALF").

First Phoenix-Weston, LLC, and FPG & LCD, L.L.C., filed Chapter 11
bankruptcy petitions (Bankr. W.D. Wisc. Case Nos. 16-12820 and
16-12821) on Aug. 15, 2016.  The petitions were signed by Philip
Castleberg, as part-owner.  The Debtors estimate assets and
liabilities in the range of $10 million to $50 million.  Michael
Best & Friedrich LLP serves as counsel to the Debtors.

The U.S. Trustee informed the Court that a committee of unsecured
creditors has not been appointed in the Chapter 11 case.


FIRSTENERGY SOLUTIONS: Fitch Assigns 'CC' LT Issuer Default Rating
------------------------------------------------------------------
Fitch Ratings has assigned first-time Long-Term Issuer Default
Ratings to FirstEnergy Corporation's (FE's) utility and
transmission operating subsidiaries.  The ratings fall in the
low-to-mid 'BBB' rating category.  The Rating Outlook is Stable for
FE's utility and transmission operating subsidiaries.

Fitch has also assigned 'CC' first-time IDRs to FirstEnergy
Solutions (FES) and its operating subsidiaries, FirstEnergy
Generation (FG) and FirstEnergy Nuclear Generation (NG).  Fitch has
assigned a 'B' first-time IDR to Allegheny Energy Supply Company,
LLC (Supply) and a 'B+' to Allegheny Generating Company (AG).  The
Rating Outlook for Supply and AG is Stable.

                        KEY RATING DRIVERS

Utility-Only Strategy: The ratings and Stable Outlook reflect FE's
strategy to exit its merchant generation business within 18 months.
FE's competitive business has struggled with a prolonged downturn
in power prices.  Low natural gas and power prices are expected to
continue to pressure margins and cash flows.  With prospects low
for a rebound in power prices in the intermediate term, FE has
decided to focus on regulated growth opportunities. While Fitch
expects FES to be modestly cash flow positive on average 2016 to
2018, potential cash calls from collateral postings, scheduled debt
maturities or an adverse outcome in pending rail arbitration
proceedings could trigger insolvency at FES.  The repositioning of
FE as a pure utility and regulated transmission holding company
would support a meaningfully improved business risk profile, in
Fitch's opinion.

Parallel Paths: FE intends to maximize the value of the competitive
business's generation assets through regulatory, legislative and
other initiatives in Ohio, Pennsylvania and West Virginia as it
engages in negotiations with interested parties to sell its
13,000-MW of coal, nuclear and natural gas fired generating assets.
If FE's competitive generating assets cannot be sold, a
restructuring of its competitive business in bankruptcy cannot be
ruled out.

The ratings also consider significant double leverage at FE, with
outstanding parent-only debt of approximately $6 billion as of
Sept. 30, 2016, 29% of FE's $22 billion of total consolidated
debt.

On Dec. 6, 2016, FE announced several initiatives to facilitate the
divestiture of its competitive business, including renegotiated
bank facilities, covenant modifications and changes in FES's board
of directors.  In addition, FE increased the size of its corporate
bank facility to $4 billion from $3.5 billion and terminated FES's
and Supply's credit facilities.  FE will provide a two-year $700
million secured revolving credit and surety credit support facility
to FES as borrower and FG and FN as guarantors. FE also announced
that it had entered into a non-binding letter of intent to sell
approximately 1,572 megawatts of natural gas-fired and
hydroelectric generation owned by Supply for $885 million including
the assumption of $305 million of debt by the buyer.

Focus on Regulated Assets: FE's focus on improving its regulated
utility and transmission returns while investing significant
capital in these assets and exiting its competitive business is
credit supportive in Fitch's view.  Utility capex is estimated at
$1.3 billion each in 2016 and 2017 and FE is targeting $4.2 billion
of investment in its regulated transmission business. Fitch
believes that regulation across FE's service territory has
generally improved in recent years with constructive outcomes in
New Jersey, Ohio, Pennsylvania and West Virginia.  Management is
positioning the company's regulated operations to provide base
earnings per share growth of 4% to 6% with opportunity to realize
up to an incremental three percentage points of growth due to the
recent Ohio ESP IV commission order.

Rating Linkage: While FE's rated subsidiaries access capital
markets independently, they have strong strategic, legal and
operational links to their corporate parent.  Subsidiary funding is
facilitated via sub-limits under FE's fully-committed bank
facilities and its subsidiary companies participate in separate
utility and competitive segment money pools.  These factors and
significant parent-only leverage underscore the relatively strong
parent-subsidiary linkage throughout the FE corporate family.  As a
result, Fitch generally limits notching between FE and its stronger
regulated utility and transmission subsidiary IDRs to one-notch.
The multi-notch differential between FE and its rated nonutility
subsidiaries is a function of FE's strategic decision to exit its
competitive energy business and its unwillingness to infuse
additional equity during divestiture.

         KEY RATING DRIVERS FOR FES, SUPPLY AND SUBSIDIARIES

Weak Standalone Credit Profile: Fitch's issuer default and
securities ratings for FirstEnergy Solutions Corp. (FES),
FirstEnergy Nuclear Generation, LLC (NG) and FirstEnergy
Generation, LLC (FG) reflect expectations for continued pressure on
power prices and sharp post-2018 erosion of its credit metrics.
Against this background, Fitch believes FE's strategic decision to
divest its competitive business segment either through asset sales
or plant deactivations within 18-months is a serious adverse credit
development for FES and its subsidiaries, NG and FG. Potential FES
insolvency is a real possibility absent equity support from its
corporate parent, liquidity challenges and other factors, including
management willingness to restructure in bankruptcy, if necessary,
to exit competitive operations.

FE recently announced several initiatives to facilitate ultimate
separation of FES discussed above.  Effective Nov. 15, 2016, Chuck
Jones CEO and President of FE and Jim Pearson CFO no longer serve
on FES's board of directors, which was expanded from three to five
members.

Liquidity Concerns: Under FE's renegotiated revolving credit
agreement, FE will provide liquidity to FES through secured
intercompany loans of up to $700 million and FE's previous revolver
and sub-limits for FES and Supply have been terminated. The recent
renegotiation of FE's credit facilities underscores liquidity
concerns at FES, in Fitch's opinion.  Fitch notes that consolidated
FES debt maturities approximate $167 million in 2017, $516 million
in 2018 and $322 million in 2019.  Moreover, collateral postings
and/or an adverse outcome in FES's pending rail arbitration
proceeding could lead to further cash calls.  The ratings also
consider cross-guarantees between FES, NG and FG.

Supply's financial outlook is similarly clouded by expectations for
a prolonged period of low power prices and FE's planned exit from
its competitive operations.  However, no debt is scheduled to
mature at Supply 2016 to 2018.  The next scheduled debt maturity is
$155 million in 2019.  FE recently announced that it entered into a
letter of intent to sell 1,527-MW of Supply's gas-fired and hydro
generation capacity for $885 million.

Recovery Analysis: The individual security ratings at FES and
Supply are notched above or below the IDR to reflect relative
recovery prospects in a hypothetical default scenario.  Fitch
values FE's merchant power generation assets using a net present
value (NPV) analysis.  Fitch's updated net present value analysis
reflects continued low energy and capacity prices in the PJM
Interconnect, LLC.  Any incremental first-lien issuance and/or
further decline in power plant valuations could result in downward
rating pressure on senior unsecured ratings at FES and Supply.
Fitch's recovery analysis for Supply and AG forecasts outstanding
('RR1') and superior ('RR2') Recovery Ratings.  Fitch's recovery
analysis for FES, NG and FG considers joint and several
intermediate parent-subsidiary guarantees.  Forecast Recovery
Ratings are outstanding ('RR1') for FES, NG and FG secured and
average (RR4) for their senior unsecured obligations.

    KEY RATING DRIVERS FOR FE's OH, PA & NJ UTILITY OPERATIONS

Low Business Risk Profile: FE owns 10 electric utilities that
provide electric utility service to six million customers in the
Midwest.  FE's utility operations are relatively low risk,
primarily transmission and distribution utilities.  Regulation, in
Fitch's opinion, has improved meaningfully in PA in the past
several years and is generally balanced across FE's jurisdictional
service territories, in Fitch's opinion.

Fitch believes that recent regulatory decisions issued in Ohio and
New Jersey and filed settlement agreements in its pending
Pennsylvania rate case proceedings are credit supportive
developments.  Electricity markets in OH, PA and NJ have been
restructured and FE's utility operations in those states, which
account for approximately 85% of FE's consolidated kwh deliveries,
are insulated from commodity price exposure via post transition
tariff mechanisms.

Ohio Utility Operations: In October 2016, the Public Utilities
Commission of Ohio (PUCO) issued a final order in FE's electric
security plan (ESP) IV rate case filed by its Ohio-based
distribution utility subsidiaries Ohio Edison Company (OE), The
Cleveland Electric Illuminating Company (CEI) and The Toledo Edison
Company (TE).  The final PUCO decision approved a distribution
modernization rider (DMR) that facilitates collection of $204
million per annum for a three-year period, with a possible two year
extension.  Revenue from the rider will be excluded from the
significantly excessive earnings test for the initial three year
period.  Fitch believes adoption of the DMR is credit supportive
for OE, CEI and TE, and their corporate parent, FE.

Ohio regulation is generally supportive in Fitch's view and the DMR
authorized by the PUCO is designed to support OE, CEI, TE and FE's
creditworthiness and facilitate grid modernization, including
advanced metering infrastructure, battery and distributed
resources, among other things.

The PUCO decision on rehearing brings to a close a controversial
filing that included a proposal that the commission authorize
recovery of net costs associated with a purchase power arrangement
between FE's Ohio-based utilities and FES.  The proposed rider ESP
IV rider was designed by FE to provide long-term rate stability for
OE, CEI and TE ratepayers, albeit at a premium to prevailing
market-based prices.  FE filed a modified rider in rehearing
proceedings before the PUCO following a FERC order rescinding
affiliate waivers granted to FE.  The PUCO final ESP IV decision
ultimately rejected FE's modified proposal in favour of the PUCO
staff's proposed rider DMR.

Ohio regulators in recent ESP proceedings have adopted authorized
returns on equity of 10.2%, 10.5% and 9.84% for AEP's,
FirstEnergy's and Duke Energy's Ohio-based electric utilities,
slightly higher than prevailing ROEs at the time of issuance.  ESPs
generally include multi-year base rate freezes and riders for
recovery of certain costs including distribution capital.

Pennsylvania Utility Operations: FE's four Pennsylvania-based
utilities (Metropolitan Edison (ME), Pennsylvania Electric Co.
(PN), West Penn Power Co. (WP) and Pennsylvania Power Co. (PP)
filed base rate cases with the Pennsylvania Public Utility
Commission (PUC) in April 2016 seeking a combined rate increase of
$439 million.

In October 2016, FE filed a settlement with the PUC.  Settlement of
the PA general rate case filings by FE's four operating utilities
in the state is a positive credit development for the PA operating
utilities and FE, in Fitch's opinion.  If the settlement agreements
are approved by the PUC as proposed, FE's PA rates would increase
$291 million per annum in aggregate.  The proposed rate increase
represents approximately 66% of the total requested rate increase.
The settlement filing includes a proposed effective date of Jan.
27, 2017, and is silent on return on equity.  The settlement also
includes stay-outs through Jan. 27, 2019.

FE's Pennsylvania distribution utilities filed their previous base
rate cases with the PUC in August 2014.  FE reached a settlement
agreement with major intervenors to the distribution rate cases,
which was filed with the PUC in February 2015.  The PUC approved
the stipulation on April 9, 2015, authorizing rate increases
totalling $292.8 million, 70% of the total rate increase request of
$415.7 million.

Fitch views regulatory compact in Pennsylvania favourably from a
credit point-of-view.  In February 2016, the PUC authorized the
long-term infrastructure improvement plans (LTIIP) filed by FE's
Pennsylvania utilities in October 2015.  The companies supported
investment of $245 million during 2016 through 2020 in the LTIIP
filing.  FE's Pennsylvania utilities, subsequent to PUC approval of
the LTIIPs, filed for cost recovery through distribution system
improvement charge (DSIC) riders with the PUC.  In June 2016, the
PUC approved the Pennsylvania companies DSIC riders effective
July 1, 2016.

JCP&L Settlement Approved: In New Jersey, JCP&L reached a
settlement that, among other things, increases rates $80 million,
approximately 55% of the $146.6 million rate increase supported by
the utility at the time of the settlement filing.  On Dec. 12,
2016, the New Jersey Board of Public Utilities (BPU) issued an
order adopting the proposed settlement.  The BPU order authorizes
an $80 million annual rate increase for JCP&L effective Jan. 1,
2017, based on an authorized return on equity of 9.6%.  The BPU
order approving the proposed settlement is, in Fitch's opinion, a
significant credit positive for JCP&L and represents considerable
improvement to the outcome in the utility's last base rate case.
JCP&L filed the rate case with the BPU in April 2016.

In its previous general rate case, the BPU ordered JCP&L to reduce
base rates by $115 million in March 2015.  The final BPU order
incorporated the commission's updated consolidated tax policy and
authorized recovery of deferred storm costs.  The annual rate
reduction was $34 million including storm cost recovery and was
based on a 9.75% authorized ROE and a 50% equity ratio.  FE has
focused on improving its operations and constituent relationships
in New Jersey, instituting management changes and improved
reliability and service quality, among other things.

             KEY RATING DRIVERS FOR MON POWER & POT-ED

West Virginia and Maryland: FE's WV and MD operations are comprised
on Monongahela Power (MP) and Potomac Edison (PE).  MP is an
integrated electric utility providing utility service in northern
WV.  PE is a pure transmission and distribution utility serving
portions of WV and MD.  Fitch considers the regulatory environment
in West Virginia and Maryland to be somewhat challenging.

Regulatory Environment: Utilities operating in West Virginia are
required to file rate cases based on historical test years,
utilizing an average rate base.  In addition, final West Virginia
Public Service Commission (WVPSC) decisions are typically issued
one-year or more after the established test year period.  These
factors contribute to regulatory lag, diminishing the issuers'
ability to earn their authorized return on equity (ROE).  While
authorized ROEs tend to be below the industry average, Fitch views
the adoption of riders for the recovery of certain costs, including
fuel and purchase power costs, as a constructive development.
Fitch believes the regulatory compact in WV has improved and that
recent rate case outcomes for MP/ PE have been balanced from a
credit point-of-view.

Similarly, Maryland Public Service Commission (MDPSC) authorized
ROEs have trended below the industry average.  Historical test
years and average rate base valuations exacerbate regulatory lag
making it difficult for utilities operating in the state to earn
its authorized return.  PE's authorized ROE of 11.9% was
adjudicated in its last electric rate base decision issued in
1993.

The WVPSC approved a settlement agreement Feb. 2015 authorizing a
$124.3 million rate increase in MP's and PE's last joint rate case
filing.  The rate increase represents approximately 60% of the
$212.6 million rate increase request supported by the companies and
is a balanced outcome in Fitch's view.  Fitch does not expect MP or
PE to file a rate case in 2016 or 2017 and Fitch has included no
change to base rates through 2019.

  KEY RATING DRIVERS FOR FIRSTENERGY TRANSMISSION & SUBSIDIARIES

Relatively Low Business Risk: Fitch considers FE's regulated
transmission business to be relatively low-risk, notwithstanding
FE's aggressive investment goals for the business.  FERC regulation
is balanced in Fitch's view and includes forward looking test years
and incentive ratemaking.

Large Transmission Capex: FE is targeting 2017 to 2021 transmission
capex of $4.2 billion to $5.8 billion.  FE invested approximately
$2 billion in its transmission business in 2014 to 2015 and is
targeting another $1 billion in 2016.  The transmission build-out
is designed to improve FE system reliability and customer service.
Capex is focused on northern Ohio, moving across the remainder of
FE's regional footprint over time.  The build out will be composed
of a large number of relatively small projects.  FE has identified
up to $20 billion of post 2021 investment opportunities in its
transmission business.

MAIT Formation: In 2015 FE formed Mid-Atlantic Interstate
Transmission, LLC (MAIT) to operate the transmission assets of
JCP&L, ME and PN.  The transfer of assets to MAIT has been
authorized by FERC and the PPUC.  FE has withdrawn its application
in New Jersey to transfer its JCP&L transmission assets to MAIT. FE
recently received approval from PA regulators to form Mid-Atlantic
Interstate Transmission Co. and filed with the Federal Energy
Regulatory Commission for formula rates at MAIT and JCP&L.

FERC Formula-Based Rates: As a part of its transmission business
strategy, FE is shifting the regulatory paradigm so that the
majority of its transmission investment will be subject to
forward-looking formula-based ratemaking, which should minimize
regulatory lag.  FE has applications pending at FERC for forward
looking rate structures at JCP&L and MAIT.  A FERC decision is
expected later this year.

In January 2015, FERC-approved forward-looking transmission formula
rates were implemented at American Transmission System, Inc.
(ATSI). FERC reduced ATSI's authorized return on equity (ROE) to
10.38% from 12.38%.  Fitch believes the lower ROE is reasonable
given prevailing interest rates and industry averages.  In Fitch's
opinion, FERC regulation provides ATSI with a reasonable
opportunity to earn its authorized return and is supportive from a
credit perspective.

                          KEY ASSUMPTIONS

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

   -- Exit from the competitive business within 18 months.
   -- No major clawbacks associated with a potential FES
      insolvency.
   -- FE debt load increases $700 million in 2017 to fund FES
      during restructuring.
   -- Power price assumptions for the competitive generation
      business incorporate consultant projections for AD-Hub of
      $26.90/MW in 2017, $27.92/MW in 2018 and $28.01/MW in 2019.
   -- Equity issuance of approximately $2.4 billion 2016 to 2019.
   -- Implementation of PUCO approval of FE's ESP IV, including
      the commission-approved $204 million distribution
      modernization rider.
   -- Inclusion of jurisdictional rate changes authorized by FERC
      and state regulatory commissions in including the recent
      final order in New Jersey and rate hikes filed by FE with
      the commission in its pending Pennsylvania general rate case

      settlements for ME, PN, WP and PP.
   -- Balanced outcomes in future rate case proceedings.

                       RATING SENSITIVITIES

Future developments that may, individually or collectively, lead to
a positive rating action for FE include:

   -- Rating upgrades are not anticipated in the near term.
      However, continued rate base growth along with constructive
      regulatory outcomes and successful exit from its merchant
      generation business could result in future credit upgrades
      in the intermediate to long-term.  These factors along with
      secular improvement in debt to EBITDA and FFO-adjusted
      leverage to better than 4x and 5x, respectively, could lead
      to credit rating upgrades.

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

   -- Larger than expected exposure to creditor clawbacks in a FES

      bankruptcy scenario could result in credit rating
      downgrades.
   -- Inability of FE to exit the competitive generation business
      consistent with management's 12 to 18 month time horizon
      without a meaningful uptick in leverage beyond current
      expectations.
   -- Significant deterioration in regulatory compacts across FE's

      six-state service territory could result in credit rating
      downgrades.
   -- These or other factors resulting in sustained debt to EBITDA

      leverage of greater than 5.0x and FFO-adjusted leverage of
      greater than 6.0x than could lead to future credit rating
      downgrades at FE.

Future developments that may, individually or collectively, lead to
a positive rating action for FES, NG and FG include:

   -- Credit rating upgrades are not likely ahead of evolving
      restructuring and other challenges.

Future developments that may, individually or collectively, lead to
a negative rating action at FES, NG and FG include:

   -- A bankruptcy filing at FES, NG and FG.
   -- Increased cash calls related to pending maturities,
      collateral requirements and a potentially adverse outcome
      regarding pending rail arbitration.
   -- Inability to execute regulatory/legislative initiatives to
      enhance the ultimate value realized for generating assets to

      be divested.
   -- Issuance of incremental first lien debt could result in
      downgrades to senior unsecured obligations.

Future developments that may, individually or collectively, lead to
a positive rating action for Supply and AG include:

   -- A sharp, sustained increase in power prices resulting in
      meaningful improvement in debt to EBITDAR sustaining below
      6.0x.

Future developments that may, individually or collectively, lead to
a negative rating action at Supply and AG include:

   -- Weaker power prices or prolonged major plant outage(s).
   -- Inability to divest assets at reasonable price levels.
   -- Sustained debt to EBITDAR of significantly more than 6.5x .

Future developments that may, individually or collectively, lead to
a positive rating action for OE, CEI and TE include:

   -- A credit rating upgrade at the utilities' corporate parent,
      FE, would likely trigger future credit rating upgrades at
      OE, CEI and TE along with debt-to-EBITDA of better than
      3.6x.

Future developments that may, individually or collectively, lead to
a negative rating action at OE, CEI and TE include:

   -- Significant deterioration in the Ohio regulatory compact,
      capex cost overruns, disallowances or other unanticipated
      factors leading to a secular weakening of debt-to-EBITDA at
      OE, CEI or TE to 4.1x or greater.

Future developments that may, individually or collectively, lead to
a positive rating action for ME, PN, WP and PP include:

   -- A credit rating upgrade at the utilities' corporate parent,
      FE, would likely trigger future credit rating upgrades at
      ME, PN, WP and PP along with sustained debt-to-EBITDA of
      better than 3.6x.

Future developments that may, individually or collectively, lead to
a negative rating action at ME, PN, WP and PP include:

   -- Significant deterioration in the Pennsylvania regulatory
      compact, capex cost overruns, disallowances or other
      unanticipated factors leading to a secular weakening of
      debt-to-EBITDA at ME, PN, WP and PP to 4.1x or greater.

Future developments that may, individually or collectively, lead to
a positive rating action for JCP&L include:

   -- Improvement in JCP&L's debt to EBITDAR to 3.8x or better on
      a sustainable basis driven by better than expected
      regulatory outcomes, operating efficiencies or other
      factors.

Future developments that may, individually or collectively, lead to
a negative rating action at JCP&L include:

   -- Deterioration in the New Jersey regulatory compact or
      disruptive events such as storm activity that would result
      in debt to EBITAR sustaining at 4.4x or higher.

Future developments that may, individually or collectively, lead to
a positive rating action for MP include:

   -- Improvement in MP's debt to EBITDAR to 3.8x or better on a
      sustainable basis driven by better than expected regulatory
      outcomes in West Virginia, operating efficiencies or other
      factors.

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

   -- Deterioration in the regulatory compact in West Virginia or
      disruptive events such as storm activity or prolonged major
      plant outages that would result in debt to EBITAR sustaining

      at 4.4x or higher.

Future developments that may, individually or collectively, lead to
a positive rating action for PE include:

   -- Improvement in PE's debt to EBITDAR to 3.8x or better on a
      sustainable basis driven by better than expected regulatory
      outcomes in West Virginia and Maryland, operating
      efficiencies or other factors.

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

   -- Deterioration in the regulatory compact in West Virginia and

      Maryland or disruptive events such as storm activity that
      would result in debt to EBITAR sustaining at 4.4x or higher.

Future developments that may, individually or collectively, lead to
a positive rating action for, ATSI and TrAIL include:

   -- An upgrade at FE along with sustained debt to EBITDAR of
      3.6x or better.

Future developments that may, individually or collectively, lead to
a negative rating action at ATSI and TrAIL include:

   -- Margin pressure due to cost overruns or other factors
      including unexpected deterioration resulting in sustained
      debt to EBITDAR of 4.1x.

Future developments that may, individually or collectively, lead to
a positive rating action for FET include:

   -- Improved margins due to better than expected earnings and
      cash flows resulting in debt to EBITDAR sustaining a levels
      lower than 3.8x.

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

   -- Deterioration in the regulatory compact or other factors
      that would cause debt to EBITDAR to sustain above 4.4x
      beyond 2019.

                            LIQUIDITY

Fitch believes FE's consolidated liquidity position is solid.  As
of Sept. 30, 2016, FE had approximately $3 billion of liquidity
available under its consolidated $6 billion of revolving credit
facilities and $551 million of cash.

FULL LIST OF RATING ACTIONS

Fitch has assigned these ratings:

FirstEnergy Solutions Corp.
   -- Long-Term IDR 'CC';
   -- Senior unsecured notes 'C/RR5'.

FirstEnergy Generation LLC
   -- Long-Term IDR 'CC'
   -- Senior Secured Pollution Control Notes 'CCC+/RR1';
   -- Senior Unsecured Pollution Control Notes 'C/RR5';
   -- Bruce Mansfield Sale-Leaseback Certificates 'C/RR5'.

FirstEnergy Nuclear Generation
   -- Long-Term IDR 'CC';
   -- Senior Secured Pollution Control Notes 'CCC+/RR1';
   -- Senior Unsecured Pollution Control Notes 'C/RR5'.

Allegheny Energy Supply Company, LLC
   -- Long-Term IDR 'B', Outlook Stable;
   -- Senior Secured Pollution Control Notes 'BB/RR1';
   -- Senior Unsecured Notes 'BB-/RR2'.

Allegheny Generating Company
   -- Long-Term IDR 'B+', Outlook Stable;
   -- Senior Unsecured Notes 'BB'/RR2'.

Ohio Edison Company
   -- Long-Term IDR 'BBB, Outlook Stable;
   -- First Mortgage Bonds 'A-';
   -- Senior Unsecured Notes 'BBB+';
   -- Short-Term IDR 'F3'.

The Cleveland Electric Illuminating Company
   -- Long-Term IDR 'BBB', Outlook Stable;
   -- First Mortgage Bonds 'A-';
   -- Senior Secured Notes 'A-';
   -- Senior Notes 'BBB+';
   -- Short-Term IDR 'F3'.

The Toledo Edison Company
   -- Long-Term IDR 'BBB', Outlook Stable;
   -- Senior Secured Notes 'A-';
   -- Short-Term IDR 'F3'.

Pennsylvania Power Company
   -- Long-Term IDR 'BBB', Outlook Stable;
   -- First Mortgage Bonds 'A-';
   -- Short-Term IDR 'F3'.

West Penn Power Co.
   -- Long-Term IDR 'BBB', Outlook Stable;
   -- First Mortgage Bonds 'A-';
   -- Short-Term IDR 'F3'.

Pennsylvania Electric Company
   -- Long-Term IDR 'BBB', Outlook Stable;
   -- Senior Notes 'BBB+';
   -- Short-Term IDR 'F3'.

Metropolitan Edison Company
   -- Long-Term IDR 'BBB', Outlook Stable;
   -- Senior Notes 'BBB+';
   -- Short-Term IDR 'F3'.

Jersey Central Power and Light Company
   -- Long-Term IDR 'BBB-', Outlook Stable;
   -- Senior Notes 'BBB';
   -- Short-Term IDR 'F3'.

Monongahela Power Company
   -- Long-Term IDR 'BBB-', Outlook Stable;
   -- First Mortgage Bonds 'BBB+';
   -- Senior Secured Pollution Control Notes 'BBB+';
   -- Short-Term IDR 'F3'.

Potomac Edison Co.
   -- Long-Term IDR 'BBB-', Outlook Stable;
   -- First Mortgage Bonds 'BBB+';
   -- Short-Term IDR 'F3'.

FirstEnergy Transmission, LLC
   -- Long-Term IDR 'BBB-', Outlook Stable;
   -- Senior Unsecured Notes 'BBB-';
   -- Short-Term IDR 'F3'.

American Transmission Systems, Incorporated
   -- Long-Term IDR 'BBB', Outlook Stable;
   -- Senior Unsecured Notes 'BBB+';
   -- Short-Term IDR 'F3'.

Trans-Allegheny Interstate Line Company
   -- Long-Term IDR 'BBB', Outlook Stable;
   -- Senior Unsecured Notes 'BBB+';
   -- Short-Term IDR 'F3'.


FLORIDA MOVING: Unsecureds To Recoup 15% in 5 Years Under Plan
--------------------------------------------------------------
Florida Moving & Storage, Inc., filed with the U.S. Bankruptcy
Court for the Southern District of Florida a disclosure statement
dated Jan. 9, 2017, referring to the Debtor's plan of
reorganization.

Class III general unsecured claims -- totaling $16,518 -- are
impaired under the Plan.  Allowed Class III claims will be paid a
total of 15% of the allowed Class 3 claims.  This class does not
include claims filed by insiders totaling $55,726.96: J.
Christopher Traini's wages -- $16,821; Amy Branigan's wages --
$8905.96; and Jacqueline Branigan's loan -- $30,000.  The 15% total
is estimated to be $2,423.70.  The Allowed Class 3 claims will be
paid in 20 quarterly installments of $121.19 commencing on the 90th
day after the Effective Date of the Plan and each 90 days
thereafter until all 20 quarterly distributions are paid in full.
No proofs of claim have been filed.  

All funding for distributions and payments under the Plan will be
funded by profits from business operations.

The Disclosure Statement is available at:

           http://bankrupt.com/misc/flsb16-19652-50.pdf

The Plan was filed by the Debtor's counsel:

     Chad Van Horn, Esq.
     VAN HORN LAW GROUP, P.A.
     330 N. Andrews Avenue
     Fort Lauderdale, Florida 33301
     Tel: (954) 765-3166
     Fax: (954) 756-7103
     E-mail: chad@cvhlawgroup.com

Florida Moving & Storage Inc. is a Florida corporation providing
moving and storage services for personal and business customers.
The Debtor sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. S. D. Fla. Case No. 16-19652) on July 11, 2016.  The
Debtor is represented by Chad T. Van Horn, Esq., at Van Horn Law
Group Inc.


FOUNTAINS OF BOYNTON: Unsecureds To Be Paid in Full Under Plan
--------------------------------------------------------------
Fountains of Boynton Associates, Ltd., filed with the U.S.
Bankruptcy Court for the Southern District of Florida a disclosure
statement dated Jan. 9, 2017, for the first amended plan of
reorganization.

Class 4 consists of allowed general unsecured claims in the
approximate amount of $1,640,000 and is unimpaired under the Plan.
On the Effective Date, each holder of an Allowed General Unsecured
Claim will receive, in full and final satisfaction, settlement,
release, extinguishment and discharge of its respective claim, a
lump sum payment in the full amount of its allowed claim.

The plan proponent believes that it will be able to provide the
payments contemplated under the Plan based on the fact that the
Debtor's real property is being sold for over $53 million, and the
payments will be made in lump sums from the proceeds of the sale.

The Debtor intends to sell substantially all of its assets,
including the Real Property and assets appurtenant or related
thereto, free and clear of all liens, claims and encumbrances to
Cedar for the purchase price of $53 million.  In addition, Cedar
will pay up to $600,000 to satisfy ad valorem taxes on the Real
Property for (1) all of the calendar year 2016 and (2) the calendar
year 2017 on a pro rata basis from January 1 to the date of the
closing of the Sale.

The Disclosure Statement is available at:

           http://bankrupt.com/misc/flsb16-11690-151.pdf

               About Fountains of Boynton Associates

Fountains of Boynton Associates, Ltd., a single asset limited
partnership, owns real property that is part a shopping mall
commonly known as the Fountains of Boynton, which is located at the
northwest corner of Jog Road and Boynton Beach Boulevard, in
Boynton Beach, Florida.

The Debtor sought Chapter 11 bankruptcy protection (Bankr. S.D.
Fla. Case No. 16-11690) on Feb. 5, 2016.  The petition was signed
by John B. Kennelly, manager.  The Hon. Erik P. Kimball oversees
the case. The Debtor disclosed total assets of $71,421,648 and
total liabilities of $53,672,029 at the time of filing.  Bradley S
Shraiberg, Esq., and Patrick Dorsey, Esq., at Shraiberg, Ferrara, &
Landau, serve as the Debtor's counsel.  

The Office of the U.S. Trustee disclosed in a court filing that no
official committee of unsecured creditors has been appointed in the
Chapter 11 case of Fountains of Boynton Associates, Ltd.


FRYMIRE SERVICES: Files Ch. 11 Plan of Liquidation
--------------------------------------------------
Frymire Services, Inc., filed with the U.S. Bankruptcy Court for
the Northern District of Texas a disclosure statement in support of
its chapter 11 plan of liquidation, dated Jan. 6, 2017.

Class 3 - General Unsecured Claims. Allowed Claims in Class 3 will
receive its Pro Rata Share of Trust Assets, not to exceed the
amount of their Allowed General Unsecured Claim.  The Plan Trustee
will be empowered, in his or her sole discretion but subject to the
Court's continuing jurisdiction, to make multiple distributions to
creditors holding Allowed General Unsecured Claims in accordance
with the terms of the Plan. No Class subordinate to or junior to
Class 3 will receive a distribution unless and until Allowed Class
3 Claims are paid in full, without postpetition interest.

On the Effective Date, the Trust will be created for the purpose of
liquidating the Trust Assets for the benefit of the Creditors and
satisfying Claims consistent with the Plan. The Debtor also will be
deemed to have transferred all of its right, title and interest in
and to all Trust Assets to the Trust, free and clear of all Claims,
Liens, charges, other encumbrances, and interests.

To fund the Trust, by operation of the Confirmation Order, the Plan
Trustee will be in possession of and have title to all Trust Assets
as of the Effective Date, including any unsold equipment, cash,
bank deposits, certificates of deposit, inventory, furniture,
fixtures, equipment, real property, rights, contracts, claims and
causes of action, garnishments, and all documents evidencing and
relating to the ownership of estate property.

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

      http://bankrupt.com/misc/txnb16-32814-11-193.pdf

                 About Frymire Services

Formed in Texas in April 1956, Frymire Services, Inc., operates a
commercial and residential services company specializing in HVAC
heating/cooling and plumbing.

Frymire Services filed a Chapter 11 bankruptcy petition (Bankr.
N.D. Tex. Case No. 16-32814) on July 15, 2016.  The petition was
signed by George R. Frymire, president.
Judge Stacey G. Jernigan presides over the case.

The Debtor estimated assets and debts at $1 million to $10 million
at the time of the chapter 11 filing.

The Debtor is represented by Bryan Christopher Assink, Esq., Mark
A. Castillo, Esq., and Joshua Lee Shepherd, Esq., at Curtis
Castillo, Esq.


GASTAR EXPLORATION: Declares Special Cash Dividends on Pref. Stock
------------------------------------------------------------------
Gastar Exploration Inc. announced that it has declared special cash
dividends on its 8.625% Series A Preferred Stock and its 10.75%
Series B Preferred Stock to pay in full all accumulated and unpaid
cash dividends on both of its outstanding series of preferred
stock.  Due to covenant restrictions under its credit agreement,
Gastar had previously suspended the payment of monthly cash
dividends on both outstanding series of its preferred stock as of
April 1, 2016.  The total amount of the declared dividend payments
is approximately $12.1 million.

The dividend on the Series A Preferred Stock and Series B Preferred
Stock is payable on Jan. 31, 2017, to holders of record at the
close of business on Jan. 20, 2017.  

The Series A Preferred Stock January 2017 dividend payment will
include all accumulated and unpaid dividends accrued since
April 1, 2016, at an annualized 8.625% through the payment date,
which is equivalent to $1.796875 per share, based on the $25.00 per
share liquidation preference.  The Series A Preferred Stock is
currently listed on the NYSE MKT and trades under the ticker symbol
"GST.PRA."

The Series B Preferred Stock January 2017 dividend payment will
include all accumulated and unpaid dividends accrued since
April 1, 2016, at an annualized 10.75% through the payment date,
which is equivalent to $2.239584 per share, based on the $25.00 per
share liquidation preference.  The Series B Preferred Stock is
currently listed on the NYSE MKT and trades under the ticker symbol
"GST.PRB."

In connection with the dividend declaration, Gastar also announced
that it has entered into an amendment of its credit agreement
governing its revolving credit facility to, among other items,
permit the limited payment of certain cash dividends on its
preferred stock, including the dividends declared payable on
Jan. 31, 2017, provided that Gastar's borrowing base will be
correspondingly reduced in the amount of any such dividend payment
and Gastar pays down its outstanding indebtedness in the amount of
dividends paid.  Gastar's credit agreement had previously
prohibited payment of cash dividends on preferred stock after March
31, 2016.

Under the amendment, payment of the declared January 2017 dividend
and monthly preferred stock cash dividends through May 2017 is
permitted contingent upon the satisfaction of certain conditions,
including but not limited to (1)  the absence of any defaults or
borrowing base deficiency, (2) having cash liquidity (including any
available revolver borrowings) of more than $30 million, and (3)
paying permitted dividends solely from proceeds received by Gastar
from sales of equity since November 30, 2016 (including through the
Company's at-the-market sales program).  There is no assurance,
however, when or if Gastar will declare and pay further preferred
stock dividends after Jan. 31, 2017.

Under the credit agreement amendment, Gastar also agreed to pay
down indebtedness under its revolving credit facility by at least
an additional $8.1 million by April 30, 2017, which is anticipated
to be paid out of proceeds received by such date from its
previously announced sale of non-core Canadian County, Oklahoma oil
and gas properties.

                   About Gastar Exploration

Houston, Texas-based Gastar Exploration Inc. --
http://www.gastar.com/-- is an independent energy company engaged
in the exploration, development and production of oil, condensate,
natural gas and natural gas liquids in the United States.  Gastar's
principal business activities include the identification,
acquisition, and subsequent exploration and development of oil and
natural gas properties with an emphasis on unconventional reserves,
such as shale resource plays.  

Gastar Exploration reported a net loss attributable to common
stockholders of $473.98 million for the year ended Dec. 31, 2015,
compared to net income attributable to common stockholders of
$36.52 million for the year ended Dec. 31, 2014.

As of Sept. 30, 2016, Gastar Exploration had $300.0 million in
total assets, $461.0 million in total liabilities and a total
stockholders' deficit of $161.1 million.

                          *      *      *

As reported by the TCR on March 15, 2016, Standard & Poor's Ratings
Services lowered its corporate credit rating on Gastar Exploration
to 'CCC-' from 'CCC+'.  The downgrade follows Gastar's announcement
that it had just $29 million of cash on hand and a fully drawn
revolver.  The company's borrowing base current stands at $180
million, but will be reduced to $100 million at the earlier of the
close of the Appalachian asset sale or April 10, 2016.  Proceeds
from the Appalachian asset sale are expected to be $80 million.

In June 2016, Moody's Investors Service downgraded the Corporate
Family Rating of Gastar to 'Caa3' from 'Caa1'.  The rating outlook
was changed to 'negative' from 'stable'.  The downgrade of Gastar's
CFR to Caa3 reflects the company's weakened liquidity and reduced
size following the sale of its Appalachian assets in April 2016.


GEORGINA LLC: Asks Court to Approve Disclosure Statement
--------------------------------------------------------
Georgina, LLC, filed a motion asking the U.S. Bankruptcy Court for
the Central District of California to approve its disclosure
statement describing its chapter 11 plan of reorganization filed on
Jan. 6, 2017.

The Debtor asks the court to schedule a hearing on Feb. 21, 2017,
at 1:30 p.m., in courtroom 303 of the U.S. Bankruptcy Court for the
Central District of California, located at 21041 Burbank Boulevard,
Woodland Hills, California.

                   About Georgina, LLC

Georgina, LLC, based in Tarzana, CA 91356, based in Tarzana, CA,
91356, filed a Chapter 11 petition (Bankr. C.D. Cal. Case No.
16-10140) on January 18, 2016. The Hon. Martin R. Barash presided
over the case. Raymond H Aver, Esq. at Law Offices of Raymond H.
Aver PC served as bankruptcy counsel.

In its petition, the Debtor estimated $2 million in assets and
$908,697 in liabilities.

The petition was signed by Ben Sayani, manager.

The Debtor listed Imad Aboujawdah Civic Design and Drafting, Inc.
as its largest unsecured creditor holding a claim of $25,600. 


GIBLET INC: Wants to Use Colorado DOR Cash Collateral
-----------------------------------------------------
The Giblet, Inc. dba Souper Salad seeks authorization from the U.S.
Bankruptcy Court for the District of Colorado to use the cash
collateral of the Colorado Department of Revenue.

The Colorado DOR asserts a first-priority statutory secured lien in
the amount of $59,393, arising from pre-petition sales and wage
withholding tax obligations owed by the Debtor.  The tax
obligations are secured by the Debtor's inventory, equipment,
accounts and proceeds.

The Debtor presently plans to continue operation of its business
throughout the Chapter 11 case and propose a plan of reorganization
which provides for the continuation of its business.  The Debtor
contends that it should be allowed to use cash collateral to pay
necessary operating expenses considering that the Debtor's revenues
and available cash are derived primarily from daily sales of food
products at its two restaurants.  The Debtor further contends that
without the use of cash collateral, it will have insufficient
funding for its business operations, and will not be able to pay
rent, employees, insurance, utilities, and other costs necessary
for continuing operations.

The Debtor asserts that its equipment, accounts and other assets
are valued at $238,545.  The Debtor believes that the Colorado
DOR's secured interests in its assets are adequately protected
since the Debtor will be replacing its accounts receivable and cash
equivalents in the ordinary course of its operations through its
continued use of cash collateral.

The Debtor proposes to provide the following adequate protection to
the Colorado DOR with respect to the Debtor's proposed continued
use of cash collateral:

       (a) The Debtor will provide a replacement lien on all
post-petition accounts and accounts receivable to the extent that
the use of the cash collateral results in a decrease in the value
of the collateral;

       (b) The Debtor will maintain adequate insurance coverage on
all personal property assets and adequate insure against any
potential loss;

       (c) The Debtor will provide the Colorado DOR periodic
reports and information filed with the Bankruptcy Court, including
debtor-in-possession reports;

       (d) The Debtor will only expend cash collateral for the
purpose of ordinary business expenses, including the purchase of
replacement inventory, payment of employee wages, and overhead
expenses;

       (e) The Debtor will timely file all reports and returns with
the Colorado DOR and pay all post petition taxes due and owing;

       (f) The Debtor will preserve and maintain in good condition
all collateral in which the Colorado DOR has an interest; and

       (g) The Debtor will pay the Colorado DOR the sum of $1,182
on a monthly basis beginning on January 15, 2017, which constitutes
repayment of its tax claim plus interest at the statutory rate of
6% amortized over 58 months.  

A full-text copy of the Debtor's Motion, dated January 10, 2017, is
available at https://is.gd/OTjCkk


                   About The Giblet, Inc.        

The Giblet, Inc., filed a Chapter 11 bankruptcy petition (Bankr. D.
Colo. Case No. 16-21427) on November 22, 2016.  The Petition was
signed by Jason Pechek, authorized representative.  At the time of
filing, the Debtor estimated assets at $100,000 to $500,000 and
liabilities at $500,000 to $1 million.

The Debtor is represented by Robert J. Shilliday, III, Esq., at
Vorndran Shilliday, P.C.


GOLDEN MARINA: Wisconsin Gas Buying Greenfield Properties for $4M
-----------------------------------------------------------------
Judge Donald R. Cassling of the U.S. Bankruptcy Court for the
Northern District of Illinois will convene a hearing on Jan. 17,
2017, at 9:30 a.m. to consider Golden Marina Causeway, LLC's
procedures in connection with the sale of two contiguous parcels of
real estate in downtown, Milwaukee, comprising approximately 47
acres ("Greenfield Properties") to Wisconsin Gas, LLC, for
$4,000,000, subject to overbid.

The Greenfield Properties are located at 302 and 311 East
Greenfield Ave., in Milwaukee, Wisconsin.

The larger site at 311 East Greenfield ("311 Parcel"), which
consists of 46, is commonly known as the "Solvay Coke and Gas
Site."  Between 1873 and 1983, portions of the site were used for a
variety of industrial purposes, including coke and manufactured gas
production, coal storage, tannery, blast furnace operations, a
service yard for Milwaukee's electric trolley system, and a railcar
ferry terminal.  The 311 Parcel site consists of part of Lots 2, 3,
4, 5, 7, 8, 9, 10, 11, 12, 13, and 17 in the northwest 1/4 of
Section 4, Township 6 North, Range 22 East, in the City of
Milwaukee, County of Milwaukee, and State of Wisconsin.  The
smaller parcel at 302 East Greenfield consists of approximately an
acre (and lies to the north of the 311 Parcel).

With respect to the 311 Parcel, in January 2007, the U.S. EPA
entered into an Administrative Settlement Agreement and Order on
Consent ("AOC") with certain Potentially Responsible Parties
("PRPs") for the conduct of a Remedial Investigation/Feasibility
Study ("RI/FS") covering portions of the site.

East Greenfield Investors, LLC, the Debtor's parent company, signed
the AOC asserting its intent to acquire ownership in a manner that
conforms to requirements for it to be a bona fide purchaser, and
that it would comply with Section 101(40) during its ownership, and
thus would qualify for protection from liability as a bona fide
prospective purchaser as set forth in Section 107(r)(1) of CERCLA,
42 U.S.C. Section 9607(r)(1).  The named PRPs and East Greenfield
Investors are conducting an RI/FS pursuant to the AOC including a
baseline risk assessment and ecological assessment at the site to
get a more precise idea of environmental conditions at the site.
This effort by the Respondents resulted in a final RI Report, which
EPA approved on Sept. 14, 2016.  The Respondents are now working on
a Feasibility Study for EPA's review and approval.

Apart from the environmental status of the property, the City of
Milwaukee has filed a petition with the Circuit Court for Milwaukee
County, Wisconsin, asking for an order compelling Golden Marina to
raze seven buildings it deems unfit for human habitation,
occupancy, or use ("Raze Action").  The Debtor's indirect owner,
Lawrence D. Fromelius, who is in his own chapter 11 bankruptcy
case, sought and received authority from the Court to pay for the
demolition of three buildings.  The demolition of those buildings
has been completed.  The remaining buildings will also need to be
demolished at some point in the near future and the Debtor
anticipates that the new owner will complete the required
demolition after the sale of the property.

The Debtor and Mr. Fromelius, share a creditor: The Ann Marie Barry
Trust dated March 24, 2003 by and through First Midwest Bank, as
Successor Trustee ("Barry Trust Trustee").  The Barry Trust Trustee
asserts a claim in excess of $6,400,000 that is secured by the
Greenfield Properties and by another parcel owned by Mr. Fromelius
directly in Seneca, Illinois.

Due to their history, the Greenfield Properties have many potential
lien claimants.  Four entities filed secured claims against the
Debtor: The State of Wisconsin in the amount of approximately
$72,000 related to a judgment lien from September of 2006; the City
of Milwaukee for real estate taxes owed in the amount of
approximately $250,000; the secured Claim of the Barry Trust
Trustee for approximately $6,400,000; and the secured claim of East
Greenfield Investors for approximately $3,000,000.

The Debtor wishes to sell the Greenfield Properties to satisfy the
Barry Trust Trustee's claim, at least in part.  By selling the
Greenfield Properties through Section 363 of the Bankruptcy Code,
the Debtor will be able to deliver clean title to the buyer and
maximize the value received for its creditors.

The Debtor received the letter of intent from Wisconsin Gas, one of
the PRPs, memorializing its offer to acquire the Greenfield
Properties and the general terms of the Stalking Horse Offer.  The
Debtor and Wisconsin Gas have agreed to the terms of the APA
memorializing in detail the terms of the Stalking Horse Offer.

The Debtor asks the Court to approve the form of the APA solely to
the extent of its use as a form that all other entities wishing to
submit Qualified Bids for the Greenfield Properties must follow, as
provided.

Pursuant to the APA, to the extent the Debtor does not receive any
higher or better offers, and all other conditions to closing are
met, including entry of an order approving the APA and an order
acceptable to the parties authorizing the sale, the Debtor and
Wisconsin Gas will consummate the transaction contemplated in the
APA and the motion.

The material terms of the APA are:

    a. Wisconsin Gas will assume the obligation to complete
demolition work required by the City of Milwaukee as requested in
the Raze Action

    b. Upon entry of the Order approving, among other things, the
Sale Procedures set forth, Wisconsin Gas will deposit $50,000 into
an escrow account ("Earnest Money").  The Earnest Money will be
applied pursuant to the terms of the APA.

    c. The Debtor will pay Wisconsin Gas a Break-Up Fee in the
amount of $100,000 if Wisconsin Gas is not the Winning Bidder for
the Greenfield Properties, but only to the extent that the Debtor
closes a sale with another entity for an amount equal to or in
excess of $4,200,000 and receives the proceeds from such sale.

The APA with Wisconsin Gas is subject to higher and better offers
through an auction process.  Generally speaking, the Auction will
take place 60 days after the entry of an order authorizing the
Debtor to implement the Sale Procedures set forth herein.
Furthermore, the deadline for submitting bids to acquire the
Greenfield Properties will be shortly before the date of the
Auction.

The APA specifies that during the 15 days after the Sale Order
becomes a Final Order, Wisconsin Gas will review and confirm that
the condition of the Greenfield Properties is not materially and
adversely different than its condition as of June 29, 2016, which
is the date that Wisconsin Gas submitted its Letter of Intent.
Wisconsin Gas is not obligated to close the transaction if it
determines there has been a materially adverse change in the
condition of the Greenfield Properties since June 29, 2016.

The material terms of the Bidding Procedures are:

    a. Bid Deadline: March 21, 2017 at 5:00 p.m. (PCT)

    b. Qualified Bid: A purchase price equal to or greater than
$4,200,000.

    c. Cash Deposit: $200,000

    d. Auction: April 3, 2017 at 1:00 p.m. (PCT) at The Law Office
of William J. Factor, Ltd. 105 W. Madison Suite 1500, Chicago,
Illinois.

    e. Bidding Increments: $100,000

    f. Designation of Winning Bidder: At the end of the bidding,
the entity submitting the highest and best offer, in the Debtor's
judgment after consultation with the Barry Trust Trustee, will be
designated the "Winning Bidder" and its bid will be deemed the
"Winning Bid."

    g. Designation of Backup Winner: At the end of the bidding, the
entity submitting the second highest and best offer, in the
Debtor's judgment after consultation with the Barry Trust Trustee,
will be designated the "Backup Winning Bidder" and its bid will be
deemed the "Backup Winning Bid."

A court hearing to determine the Winning Bid and to obtain the
entry of the Sale Order will be held on April 4, 2017, at 10:30
a.m. (PCT).

The Debtor asks the Court to provide Wisconsin Gas, as the stalking
horse, the protections typically accorded to the entity designated
the stalking horse, such that if the Debtor closes a sale with an
entity other than Wisconsin Gas, then upon such closing and the
Debtor's receipt of the subject funds, Wisconsin Gas will receive
these protections:

   a. The Breakup Fee in an amount equal to $100,000, which will be
payable to Wisconsin Gas if (i) Wisconsin Gas has not defaulted on
any of its obligations under the APA and remains ready, willing and
able to close on the sale of the Greenfield Properties in the
amount of its bid, as set forth in the APA or at the Auction, (ii)
Wisconsin Gas is not the Winning Bidder, and (iii) the Debtor
consummates the sale of the Greenfield Properties to an entity
unrelated to Wisconsin Gas and receives the sale proceeds related
to such sale.

   b. The Sale Procedures also include "Bid Protection" in favor of
Wisconsin Gas, such that the next highest offer will have to be
$4,200,000, with anticipated bidding increments of $100,000.

Although Wisconsin Gas has not identified any of the Debtor's
contracts that it intends to acquire, to the extent any Potential
Bidder wishes to acquire any such contracts and to pay any
associated Cure Amount, the Debtor proposes to implement these
procedures to do so:

   a. As soon as possible after the Bid Deadline, but no later than
2 business days thereafter, the Debtor will file a notice with the
Court of the Contracts that each Qualified Bidder wishes to assume
("Assigned Contract"), if any, and serve on each party to an
Assigned Contract, a Cure Notice.

   b. The hearing to consider the assumption and assignment of any
Assigned Contracts and the Cure Amount will take place at the Sale
Hearing.

   c. Any objection to the Cure Amount or the assumption and
assignment of the subject contract must be filed on, at or before
the Sale Hearing and state with specificity what cure the party to
the Assigned Contract believes is required, along with appropriate
and sufficient documentation in support thereof and the reasons, if
any, the Assumed Contract is not subject to assumption and
assignment.

   d. If no objection is timely received, the Assigned Contract
will be assumed and assigned as set forth in the Cure Notice or any
related notice and the Cure Amount set forth in the Cure Notice
will be controlling notwithstanding anything to the contrary in the
Assigned Contract or other document, and the non-debtor party to
such Assigned Contract will be forever barred from asserting any
other claim arising prior to the assignment against the Debtor or
the Winning Bidder as to such Assigned Contract.

   e. If the Debtor receives an objection to the assumption and
assignment of an Assigned Contract or the Cure Amount ("Cure
Amount/Assignment Objection"), the objection must set forth the
basis for the objection and the cure amount, if any, the objecting
party claims is owed ("Claimed Cure Amount") with appropriate
documentation in support thereof.  In the event that the Debtor and
any objecting party are unable to consensually resolve any Cure
Amount/Assignment Objection, the Court will resolve any such Cure
Amount/Assignment Objection either at the Sale Hearing or at a
further hearing.

Ten business days after entry of the Sale Procedure Order, and as
soon thereafter as additional parties entitled to notice are
identified, the Debtor will cause a notice and a copy of the Sale
Procedures Order to all interested parties.

The Debtor believes that the Sale Procedures will effectuate the
pertinent goal of facilitating an open and fair public sale and
that these procedures represent the best opportunity in the case
for the maximization of value for the Estate and creditors.

Any lien, claim, interest, or encumbrance asserted against the
Greenfield Properties will be protected by attachment to the
proceeds of the sale.  Accordingly, the Debtor respectfully
requests that the Court permit the transfer of the Greenfield
Properties to Wisconsin Gas or such other Winning Bidder free and
clear of all Interests (except for any liabilities expressly
assumed), with such Interests attaching to the sale proceeds.

The Purchaser can be reached at:

          WISCONSIN GAS, LLC
          231 West Michigan Street
          Milwaukee, WI 53203
          Attn: Mr. James T. Raabe
          E-mail: James.Raabe@we-energies.com

                About Golden Marina Causeway

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

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

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


GRACE GEMS GALLERIA: Claimant Opposes Approval of Plan Outline
--------------------------------------------------------------
A claimant of Grace Gems Galleria, LLC, asked the U.S. court
overseeing the company's Chapter 11 case to deny approval of the
disclosure statement, which explains its plan to exit bankruptcy
protection.

In a filing with the U.S. Bankruptcy Court for the Western District
of Pennsylvania, Terri Imbarlina Patak, who claims to be the owner
of Grace Gems' assets, criticized the company's bid to sell them
through the bankruptcy plan.

"Debtor failed to explain either in the [disclosure statement]   or
in the proposed plan that it has no equity, title, or other
ownership interest in the assets," the claimant said in the court
filing.

Ms. Patak had sold the assets of Shadyside Mining Co., a company
previously operated by her deceased husband, to Grace Gems and
Grace Betancourt-Moffett, principal of the company.  The buyers,
however, have allegedly failed to make payments for the assets,
according to court filings.  

The claimant said the disclosure statement should be denied for
"lack of adequate information" necessary to enable creditors to
know how Grace Gems acquired the assets.

Grace Gems' restructuring plan provides that all payments will be
funded from the proceeds of the asset sale.

Ms. Patak is represented by:

     Jason L. Ott, Esq.
     Dickie, McCamey & Chilcote, P.C.
     Two PPG Place, Suite 400
     Pittsburgh, PA 15222-5402
     Phone: (412) 392-5578
     Fax: (412) 392-5367
     Email: jott@dmclaw.com

                    About Grace Gems Galleria

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

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

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


GREAT BASIN: Amends Form S-1 Preliminary Prospectus with SEC
------------------------------------------------------------
Great Basin Scientific, Inc. filed with the Securities and Exchange
Commission an amended Form S-1 registration statement
relating to the offering of an aggregate of up to 8,000 Units,
representing $8,000,000 of units, each consisting of:

  (i) one share of the Company's Series G 12.5% Mandatorily
      Convertible Preferred Stock, par value $0.001 per share,
      with a stated value of $1,000 per share, or "Series G
      Preferred Stock," which is initially convertible into
      shares of the Company's common stock, par value $0.0001 per  

      share, or "Common Stock;" and

(ii) a Series I Warrant to purchase ___ shares of the Company's
      Common Stock.

The Units will not be issued or certificated.  The Series G
Preferred Stock and Series I Warrants are immediately separable and
will be issued separately, but will be purchased together as a unit
in this offering.  This prospectus also covers up to 400,000,000
shares of Common Stock issuable upon conversion of the Series G
Preferred Stock based on the floor conversion price of $0.02 per
share and ____ shares of Common Stock issuable upon exercise of the
Series I Warrants.

The Series G Preferred Stock is convertible into shares of Common
Stock by dividing the stated value of the Preferred Stock by the
conversion price.  The conversion price is equal to the lesser of:
(i) $___ per share of Common Stock, referred to as the "Set Price,"
and (ii) 87.5% of the lowest volume weighted average trading price
of the Common Stock during the five trading days ending on, and
including the date of delivery of a notice of conversion, subject
to adjustment as provided for in the Series G Certificate of
Designation.  Each Series I Warrant will be exercisable for a
number of shares of Common Stock determined as 100% of the total
shares of Common Stock into which one share of Series G Preferred
Stock sold in this offering is convertible based on the Set Price.

The Set Price will be determined as the closing bid price for the
Common Stock as reported on the date of effectiveness of the
registration statement of which this prospectus forms a part.  The
initial conversion price, subject to adjustment as provided for in
the Series G Certificate of Designation, for the Series G Preferred
Stock will be the Set Price and the Set Price will be the Series I
Warrant initial exercise price, subject to adjustment as described
in the form of Series I Warrant.  Based on the closing bid price of
the Common Stock as of Jan. 5, 2017, the Set Price would be $1.10.
As a result, at that date and assuming such Set Price: (i) one
share of Series G Preferred Stock would be convertible into
909.0909 shares of the Common Stock and, assuming 8,000 Units are
sold, all shares of the Series G Preferred Stock would be
convertible into 7,272,728 shares of Common Stock; and (ii) one
Series I Warrant would permit the holder to acquire 909.0909 shares
of the Common Stock at an initial exercise price of $1.10 and allow
all Series I Warrants to be exercised for a total of 7,272,728
shares of Common Stock.

The Company's common stock is quoted on the OTCQB marketplace under
the symbol "GBSN."  On Jan. 5, 2017, the last reported bid price of
the Company's common stock on the OTCQB was $1.10 per share.  There
is no established trading market for the Series G Preferred Stock
or Series I Warrants and the Company does not expect an active
trading market to develop.  In addition, the Company does not
intend to list the Series G Preferred Stock or Series I Warrants on
any securities exchange or other trading market.  Without an active
trading market, the liquidity of the Series G Preferred Stock and
Series I Warrants will be limited.

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

                   https://is.gd/uTekNd

                     About Great Basin

Great Basin Scientific is a molecular diagnostic testing company
focused on the development and commercialization of its patented,
molecular diagnostic platform designed to test for infectious
disease, especially hospital-acquired infections.  The Company
believes that small to medium sized hospital laboratories, those
under 400 beds, are in need of simpler and more affordable
molecular diagnostic testing methods.  The Company markets a system
that combines both affordability and ease-of-use, when compared to
other commercially available molecular testing methods, which the
Company believes will accelerate the adoption of molecular testing
in small to medium sized hospitals.  The Company's system includes
an analyzer, which it provides for its customers' use without
charge in the United States, and a diagnostic cartridge, which the
Company sells to its customers.

Great Basin reported a net loss of $57.9 million in 2015 following
a net loss of $21.7 million in 2014.

As of Sept. 30, 2016, Great Basin had $83.40 million in total
assets, $144.9 million in total liabilities, and a total
stockholders' deficit of $61.47 million.

Mantyla McReynolds, LLC, in Salt Lake City, Utah, issued a "going
concern" opinion in its report on the consolidated financial
statements for the year ended Dec. 31, 2015, citing that the
Company has incurred substantial losses from operations causing
negative working capital and negative operating cash flows.  These
issues raise substantial doubt about its ability to continue as a
going concern.


GREAT BASIN: Sabby Healthcare Owns 9.9% Equity Stake as of Dec. 31
------------------------------------------------------------------
In an amended Schedule 13G filed with the Securities and Exchange
Commission, Sabby Healthcare Master Fund, Ltd., Sabby Management,
LLC and Hal Mintz disclosed that as of Dec. 31, 2016, they
beneficially owned 16,531,757 shares of common stock of Great Basin
Scientific, Inc., representing 9.99 percent of the shares
outstanding.

Sabby Management, LLC and Hal Mintz do not directly own any shares
of Common Stock, but each indirectly owns 16,531,757 shares of
Common Stock.  Sabby Management, LLC, a Delaware limited liability
company, indirectly owns 16,531,757 shares of Common Stock because
it serves as the investment manager of Sabby Healthcare Master
Fund, Ltd.  Mr. Mintz indirectly owns 16,531,757 shares of Common
Stock in his capacity as manager of Sabby Management, LLC.

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

                    https://is.gd/05pnpg

                      About Great Basin

Great Basin Scientific is a molecular diagnostic testing company
focused on the development and commercialization of its patented,
molecular diagnostic platform designed to test for infectious
disease, especially hospital-acquired infections.  The Company
believes that small to medium sized hospital laboratories, those
under 400 beds, are in need of simpler and more affordable
molecular diagnostic testing methods.  The Company markets a system
that combines both affordability and ease-of-use, when compared to
other commercially available molecular testing methods, which the
Company believes will accelerate the adoption of molecular testing
in small to medium sized hospitals.  The Company's system includes
an analyzer, which it provides for its customers' use without
charge in the United States, and a diagnostic cartridge, which the
Company sells to its customers.

Great Basin reported a net loss of $57.9 million in 2015 following
a net loss of $21.7 million in 2014.

As of Sept. 30, 2016, Great Basin had $83.40 million in total
assets, $144.9 million in total liabilities, and a total
stockholders' deficit of $61.47 million.

Mantyla McReynolds, LLC, in Salt Lake City, Utah, issued a "going
concern" opinion in its report on the consolidated financial
statements for the year ended Dec. 31, 2015, citing that the
Company has incurred substantial losses from operations causing
negative working capital and negative operating cash flows.  These
issues raise substantial doubt about its ability to continue as a
going concern.


GULFMARK OFFSHORE: Purchase Pact with MFP & Franklin Canceled
-------------------------------------------------------------
As initially reported by GulfMark Offshore, Inc., in a Current
Report on Form 8-K filed with the Securities and Exchange
Commission on Nov. 23, 2016, the Company entered into a Securities
Purchase Agreement with MFP Partners, L.P., and Franklin Mutual
Advisers, LLC, to issue and sell in a private placement 50,000
shares of Series A Convertible Preferred Stock, par value $0.01 per
share, for a cash purchase price of $1,000 per share of Series A
Preferred Stock, or $50,000,000 in the aggregate.  The closing of
the Private Placement was conditioned upon a minimum of
$250,000,000 in aggregate principal amount of the Company's
existing 6.375% Senior Notes due 2022 being tendered by Dec. 31,
2016, in the previously announced cash tender offer by the Company
for up to $300,000,000 aggregate principal amount of the Notes.
The Minimum Tender Condition was not satisfied, and on Dec. 30,
2016, the Company announced the termination of the tender offer.

On Jan. 6, 2016, the Company received a notice of termination of
the Purchase Agreement from the Investors notifying the Company
that the Investors had exercised their right to terminate the
Purchase Agreement due the Company's failure to satisfy the Minimum
Tender Condition to the Tender Offer by Dec. 31, 2016.  Pursuant to
the terms of the Purchase Agreement, the obligations of the Company
and the Investors under the Purchase Agreement were immediately
terminated upon receipt of the Termination Notice.

As previously disclosed, in the event the Purchase Agreement is
terminated by the Investors for the Company's failure to satisfy
the Minimum Tender Condition, the Company is obligated pay the
Investors a fee equal to $4,000,000 with (i) 75% of such fee
payable in cash and (ii) 25% of such fee payable in shares of the
Company's Class A common stock, par value $0.01 per share.  On Jan.
11, 2017, the Company paid the Investors the Termination Fee, which
was comprised of $3.0 million in cash and $1.0 million in shares of
the Company's Class A Common Stock, represented by 555,586 shares
of Class A Common Stock based on an issuance price of $1.7999 per
share of the Class A Common Stock, which is equal to the 10-day
VWAP of the Class A Common Stock as of the termination date of the
Purchase Agreement, Jan. 6, 2017, as disclosed in a regulatory
filing with the Securities and Exchange Commission.

                         About Gulfmark
  
GulfMark Offshore, Inc., a Delaware corporation, was incorporated
in 1996.  The Company provides offshore marine support and
transportation services primarily to companies involved in the
offshore exploration and production of oil and natural gas.  The
Company's vessels transport materials, supplies and personnel to
offshore facilities, and also move and position drilling and
production facilities.  The majority of the Company's operations
are conducted in the North Sea, offshore Southeast Asia and
offshore the Americas.  The Company currently operates a fleet of
73 owned or managed offshore supply vessels, or OSVs, in the
following regions: 30 vessels in the North Sea, 13 vessels offshore
Southeast Asia, and 30 vessels offshore the Americas.  The
Company's fleet is one of the world's youngest, largest and most
geographically balanced, high specification OSV fleets.  The
Company's owned vessels have an average age of approximately nine
years.

Gulfmark reported a net loss of $215 million in 2015 following net
income of $62.4 million in 2014.  As of Sept. 30, 2016, GulfMark
had $1.10 billion in total assets, $583.9 million in total
liabilities and $518.3 million in total stockholders' equity.

                          *     *     *

In January 2017, the TCR reported that S&P Global Ratings raised
its corporate credit rating on U.S.-based offshore service provider
GulfMark Offshore Inc. to 'CCC-' from 'CC'.  The rating outlook is
negative.  "The upgrade follows GulfMark Offshore's announcement on
Dec. 30, 2016, that it has terminated its tender offer to purchase
up to $300 million of its 6.375% senior unsecured notes due 2022 at
below par," said S&P Global Ratings' credit analyst Kevin Kwok.

In February 2016, that Moody's Investors Service downgraded
GulfMark Offshore's Corporate Family Rating (CFR) to 'Caa3' from
'B3', Probability of Default Rating (PDR) to 'Caa3-PD' from
'B3-PD', and senior unsecured notes to 'Ca' from 'Caa1'.


HANISH LLC: Can Use Phoenix NPL Cash Collateral on Final Basis
--------------------------------------------------------------
Judge Bruce A. Harwood of the U.S. Bankruptcy Court for the
District of New Hampshire authorized Hanish, LLC to use cash
collateral on a final basis.

The Debtor is liable to Phoenix NPL, LLC, for these amounts as of
the Petition Date:

     (1) Due under the 2007 Note:

               Principal: $5,507,324
               Interest:    $305,371

     (2) Due under the 2009 Note:

               Principal: $406,547
               Interest:   $45,824

     (3) The Debtor is also liable for all interest accruing from
and after the Petition Date under the Loan Documents, all default
rate interest accrued prior to the Petition Date, and all fees,
costs, expenses, and costs of collection.

The obligations of the Debtor to Phoenix NPL pursuant to the Loan
Documents are secured by a perfected first priority security
interest in the Mortgaged Property and substantially all of the
Debtor's personal property assets.

The approved Budget provides total hotel operating expenses of
approximately $379,008, for the period from January 2017 through
March 2017.

Phoenix NPL was granted a security interest to the extent of any
diminution in the value of the Phoenix NPL's cash and non-cash
Collateral in all of the Debtor's post-petition assets, including,
but not limited to, accounts, accounts receivable, rents,
inventory, equipment, general intangibles, and goods, motor
vehicles, real estate, and leasehold interest as well as all
products and proceeds thereof.

The Debtor was directed to pay any and all taxes, municipal
charges, or other amounts accruing upon or with respect to the
Collateral from and after the Petition Date and will maintain the
Collateral in good condition and shall not permit waste to occur
with respect to the Collateral.

The Debtor was directed to make payments to the Lender in good and
collected funds in an amount equal to $20,000 each for application
to the Claim in accordance with the Loan Documents.

The Debtor's right to use its assets and to use the Lender’s cash
and non-cash Collateral will terminate upon the earliest of:
      (1) March 31, 2017;

      (2) The Debtor's failure to maintain all necessary insurance;
or

      (3) At the Lender’s option, upon the occurrence of any of
the following Termination Events:

              (a) The breach by the Debtor of any of the terms,
conditions, or covenants of the Order;

              (b) The appointment of a Trustee for the Debtor;

              (c) The conversion of this Case to a case under
Chapter 7 of the Bankruptcy Code;

              (d) The dismissal of this Case;

              (e) The appointment of an examiner with any of the
powers of a Trustee for the Debtor; or

              (f) The allowance of a Motion for Relief from the
Automatic Stay allowing a creditor of the Debtor to foreclose upon
or take possession of any material asset owned or leased by the
Debtor.

A hearing on the further use of cash collateral will be held on
March 29, 2017 at 1:30 p.m.  The Debtor was directed to file a
motion for further use of cash collateral on or before March 15,
2017.  The deadline for the filing of objections to the Debtor's
use of cash collateral is set on March 22, 2017.

A full-text copy of the Order, dated January 10, 2017, is available
at https://is.gd/uiuLP3

                    About Hanish, LLC

Hanish, LLC, owns and operates a 59-unit Fairfield Inn & Suites by
Marriott in Hooksett, N.H.  The company sought Chapter 11
protection (Bankr. D. N.H. Case No. 16-10602) on April 26, 2016,
and is represented by Steven M. Notinger, Esq., at Notinger Law,
PLLC.  The petition was signed by Nayan Patel, managing member.
Judge Bruce A. Harwood presides over the case.

The Debtor estimated its assets and debts at $1 million to $10
million at the time of the filing.  A list of the Debtor's 20
largest unsecured creditors is available for free at
http://bankrupt.com/misc/nhb16-10602.pdf   


HARO INVESTMENT: Unsecureds to Get Full Payment, Plus 4%
--------------------------------------------------------
Haro Investment Corp. filed with the U.S. Bankruptcy Court for the
District of Puerto Rico its proposed Chapter 11 plan.

The plan classifies claims into unsecured priority, unsecured and
secured (if the disputed unsecured claim of Condado 3 LLC is
determined by the court to be entitled to such status).  Unsecured
priority claims and unsecured claims will be paid in full, plus 4%
interest from the date of the filing of the Chapter 11 petition.

The plan will be funded by the sale or rental of the real
properties of Haro Investment, according to the company's
disclosure statement filed on Dec. 27, 2016.

A copy of the disclosure statement is available for free at:

   http://bankrupt.com/misc/HaroInvestment_DS12272016.pdf

Haro Investment is represented by:

     Maximiliano Trujillo, Esq.
     Maximiliano Trujillo-Gonzalez
     100 Grand Paseos Blvd., Suite 112
     San Juan, PR 00926-5902
     Phone: (787)438-8802
     Fax (787)200-5063
     Email: maxtruj@gmail.com

                   About Haro Investment Corp.

Haro Investment Corp. sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. D.P.R. Case No. 16-09944) on December 22,
2016.  The petition was signed by Rolando Silva, secretary.  

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


HENSON MECHANICAL: Can Use Brand Banking Cash on Interim Basis
--------------------------------------------------------------
Judge James P. Smith of the U.S. Bankruptcy Court for the Middle
District of Georgia authorized Henson Medical, Inc., d/b/a Ben
Franklin Plumbing, d/b/a One Hour Heating and Air Conditioning, to
use cash collateral on an interim basis until Feb. 14, 2017.

The Brand Banking Company may assert an interest in the Debtor's
cash collateral.  The Debtor contended that, based upon a review of
records and financing statements, it does not appear that any other
party asserts an interest in the Debtor's cash collateral.

Judge Smith acknowledged that the Debtor requires the use of cash
collateral to pay its payroll, purchase inventory and pay its other
operating expenses.  Judge Smith permitted the Debtor to use cash
collateral to pay the actual amount owed or deposit required to any
utility, taxing authority, the United States Trustee or insurance
company as actually due and needed in the Debtor's business
judgment.

The approved Budget provided for total expenses in the amount of
$115,149.

The Debtor is directed to make payments to The Brand Banking
Company in the amount of $4,915 for the Mortgage, and $600 for the
Line of Credit.

The Brand Banking Company is granted a security interest in, and
lien upon all of the postpetition collateral to the same extent,
validity, amount, and priority as its prepetition security
interests and lien upon such collateral.  

A final hearing on the Debtor's Motion is scheduled on Feb. 14,
2017 at 11:00 a.m.  The deadline for the filing of objections to
the Debtor's Motion is set on Feb. 10, 2017.

A full-text copy of the Interim Order, dated Jan. 9, 2017, is
available at
http://bankrupt.com/misc/HensonMechanical2017_1730011_21.pdf

The Brand Banking Company is represented by:

          Andrew Stancil, Esq.
          MAHAFFEY PICKENS TUCKER, LLP
          1550 North Brown Road, Suite 125
          Lawrenceville, GA 30043
          Telephone: (770) 232-0000

                  About Henson Mechanical

Henson Mechanical, Inc., d/b/a Ben Franklin Plumbing d/b/a One Hour
Heating and Air Conditioning, is a Georgia Corporation operating a
residential air conditioning and plumbing company, which corporate
offices are located in Monroe, GA.

Henson Mechanical, Inc., filed a Chapter 11 petition (Bankr. M.D.
Ga. Case No. 17-30011), on Jan. 3, 2017.  The petition was signed
by Steve Kitchens, CFO & VP.  The Debtor is represented by Cameron
M. McCord, Esq., at Jones & Walden, LLC.

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


HIGHLANDS OF MEMPHIS: Can Continue Using Existing Bank Accounts
---------------------------------------------------------------
Judge David S. Kennedy of the U.S. Bankruptcy Court for the Western
District of Tennessee authorized The Highlands of Memphis, LLC, and
The Highlands of Dyersburg, LLC, to maintain and use certain
existing bank accounts, cash management system, and business
forms.

The Debtors are authorized to maintain existing prepetition
accounts at CFG Community Bank and Regions Bank.  The Bank Accounts
will be deemed debtor-in-possession accounts, and the maintenance
and continued use of the accounts will be in the same manner and
with the same account numbers, styles, and document forms as during
the prepetition period.

Judge Kennedy held that should the Debtors open an additional
account, the said account must be a debtor-in-possession account at
an authorized depository in compliance with the guidelines
promulgated by the Office of the United States Trustee.

To prevent the payment of any prepetition items, the postpetition
payment of which has not been approved by the Court, CFG and
Regions were authorized and directed to accept and honor all
representations from the Debtor as to which checks should be
honored or dishonored, whether the check is dated prior to, on or
subsequent to the Petition Date and whether or not CFG or Regions
believes the payment is authorized by some other order of the
Court.

The Debtors are ordered to authorize and direct CFG and Regions to
take the action necessary to immediately cease any and all
automatic payments, draws, or withdrawals from the CFG and Regions
Accounts on prepetition claims or obligations which have not been
approved by the Court.

The Debtors are authorized to continue using their correspondence
and business forms, including without limitation, purchase orders,
checks, letterhead, and envelopes, substantially in the forms
existing immediately prior to the Petition Date without reference
to its status as debtor-in-possession.

A final hearing on the Debtor's Motion is scheduled on Jan. 31,
2017 at 11:45 a.m.

A full-text copy of the Interim Order, dated Jan. 9, 2017, is
available at
http://bankrupt.com/misc/HighlandsofMemphis2016_1630096_122.pdf

                 About The Highlands of Memphis

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

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

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


ICAHN ENTERPRISES: S&P Affirms 'BB+' ICR Over Rights Offering
-------------------------------------------------------------
S&P Global Ratings said it affirmed its 'BB+' issuer credit rating
on Icahn Enterprises L.P.  The outlook on IEP remains stable.  At
the same time, S&P assigned a 'BB+' issue-level and '3' recovery
rating to IEP's proposed senior unsecured issuance.  The '3'
indicates S&P's expectation for meaningful recovery (50% to 70%;
upper half of the range) for debtholders in the event of a payment
default.

On Jan. 10, 2017, Icahn Enterprises L.P. (IEP) announced a $600
million rights offering alongside a two-tranche senior notes
offering.  "The final size of the notes offering will be determined
by market demand, but for our analysis, we have assumed it will be
no larger than $1.2 billion, " S&P said. Proceeds from the notes
offering will be used to refinance IEP's maturing notes due in
March. Proceeds from the rights offering will be used for
general partnership purposes.

"The rating affirmation reflects our expectation for IEP to
maintain a LTV comfortably below 60% over the next 12 months," said
S&P Global Ratings credit analyst Clayton D Montgomery.  S&P's
expectation is supported by the announced rights offering, the
improvement in CVR Energy Inc.'s market value over the last few
months, and the recently announced sale of American Railcar Leasing
LLC (ARL) at a significant gain versus where S&P previously
accounted for it.  There is also the potential that IEP may reduce
its overall debt burden slightly with the announced refinancing
transaction, which S&P would view favorably.  However, despite
these positive events, S&P has not yet seen clear evidence that IEP
will operate on a sustained basis comfortably below S&P's 45%
threshold.

"The affirmation also reflects our view that following the rights
offering, the refinance of the 2017 senior unsecured notes, and the
close of the ARL transaction, IEP's liquidity profile will be
meaningfully improved.  We expect proceeds to remain relatively
liquid (meaning we expect them to be mostly held in the investment
segment or held as cash) in at least the near term.  Longer-term,
however, we believe proceeds may be reinvested elsewhere if
attractive investments arise.  Currently, management has not
disclosed any notable near-term investment transactions besides
funding its tender offer for the remainder of Federal Mogul's
shares, and it is currently unclear whether IEP will be successful
in its attempt to fully acquire this entity.  However, over the
past two years, IEP management has shown that it is comfortable
holding around $200 million in cash and less than we have
historically observed in the investment segment.  It is unclear if
this tolerance will change going forward," S&P said.

Although the senior notes offering will modestly increase IEP's
interest costs as the company replaces its low-cost short-dated
3.5% notes with the proposed longer dated notes S&P views favorably
the lengthening of the firm's maturity profile.  S&P believes this
is especially important given that IEP must address another $1.3
billion in (also relatively low coupon) maturing debt in 2019
followed by another $1.7 billion in 2020.

S&P believes the rights offering further enforces Carl Icahn's
commitment to IEP which S&P views as a positive rating factor.  Mr.
Icahn, who owns 89.9% of IEP units currently, has expressed that
certain of his affiliates intend to exercise fully all subscription
rights allocated to them in the rights offering. Furthermore, this
follows Mr. Icahn's contribution of his 25% stake in ARL earlier in
2016, in exchange for IEP units.  Lastly, Mr. Icahn continues to
receive the large majority of his dividends in IEP units,
minimizing the cash drain on the business.

The stable outlook reflects S&P's expectation that IEP will
maintain a loan-to-value (LTV) ratio comfortably below 60% over the
next 12 months.  It also reflects S&P's view that IEP will maintain
elevated levels of liquidity versus what the firm has held over the
last two years in order to compensate for higher interest costs and
the loss of the dividend stream from American Railcar Leasing.

If IEP's LTV approaches 60%, S&P could lower the ratings.  S&P
could also lower the rating if IEP's portfolio becomes more
concentrated, less liquid, asset credit quality deteriorates, or
investment performance falters meaningfully.

S&P could raise the rating if IEP's LTV falls comfortably below 45%
on a sustained basis and S&P sees meaningful indication that IEP's
leverage tolerance has decreased.  S&P could also raise the rating
if the portfolio's liquidity, diversity, or asset credit quality
increases substantially on what S&P believes to be a sustainable
basis.


INNOVATIVE OBJECTS: Unsecureds To Be Paid Monthly Over Seven Yrs.
-----------------------------------------------------------------
Innovative Objects, LLC, filed with the U.S. Bankruptcy Court for
the Western District of Missouri a plan of reorganization dated
Jan. 9, 2017.

Class 5 will consist of the unsecured claims of Grundy Land Group,
Land O Lakes, Inc., and the claims of lenders and suppliers.  The
claims of GLG and LOL are disputed.  The allowed claims in this
class will be paid from operating income in equal monthly
installments over seven years from the Effective Date.  This class
is impaired.

The Debtor, upon the entry of the plan confirmation court order,
will be vested with all the property of the estate, subject only to
outstanding liens created and recognized by the Plan and free and
clear of all other claims, liens, encumbrances, charges and other
interests of creditors, and will be entitled to operate its
business and manage its affairs free of any restrictions imposed by
the U.S. Bankruptcy Code, the U.S. Bankruptcy Rules, or any local
rules of the U.S. Bankruptcy Court and without further court order,
except as otherwise expressly provided under the Plan.

The Plan is available at:

          http://bankrupt.com/misc/mowb16-30446-92.pdf

                    About Innovative Objects

Innovative Objects, LLC, sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. W. D. Mo. Case No. 16-30446) on Sept. 8,
2016.  The petition was signed by Joe Frazier, manager.
  
The case is assigned to Judge Cynthia A. Norton.

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


INT'L SHIPHOLDING: Plan Confirmation Hearing Set for February 1
---------------------------------------------------------------
The Hon. Stuart M. Bernstein of the U.S. Bankruptcy Court for the
Southern District of New York will hold hearing on Feb. 16, 2017,
at 10:00 p.m. (prevailing Eastern Time) in Courtroom 723, One
Bowling Green, New York, New York, to consider confirmation of the
first amended joint Chapter 11 plan of reorganization for
International Shipholding Corporation and its debtor-affiliates.
Objections to the confirmation, if any, are due Feb. 9, 2017, at
4:00 p.m. (prevailing Eastern Time).

Deadline to vote to accept or reject the Debtors' amended plan must
be filed no later than 4:00 p.m. (prevailing Eastern Time) on Feb.
9, 2017.

As reported in the Troubled Company Reporter on Jan. 11, 2017, the
Debtors filed with the Court a disclosure statement dated Jan. 5,
2017, for their first amended joint Chapter 11 plan of
reorganization.

Holders of Class 6(d) DVB Bank SE Facility Claims -- estimated at
$28,162,271.03 -- will recover 100% under the Plan.  Except to the
extent that a holder of an allowed DVB Facility Claim agrees to a
less favorable treatment, on the Effective Date or as soon as
reasonably practicable thereafter, and in no event more than 30
days after the Effective Date without the consent of DVB, in full
satisfaction, settlement, and release of, and in exchange for the
claim, each holder of an Allowed DVB Facility Claim will receive,
at the option of the applicable Debtor, with the consent of SEACOR,
or the Reorganized Debtors, as applicable, either (x) payment in
cash in the amount of $28,162,271.03, plus interest and any
reasonable fees, costs, or charges provided for under the DVB
Facility to the extent required under the U.S. Bankruptcy Code
506(b), (y) in the event of any disposition of the collateral
securing the Allowed DVB Facility Claim, the proceeds generated by
the disposition up to an amount sufficient to provide payment in
full, subject only to claims secured by the collateral that are
senior in priority to the Allowed DVB Facility Claims, or (z)
delivery of the collateral securing the Allowed DVB Facility Claim
to the agent under the DVB Facility, or its nominee, at a time and
place and in a manner that is mutually acceptable to the Debtors
and the agent under the DVB Facility.  The Debtors agree to
continue to operate the collateral in the ordinary course of
business prior to any delivery pursuant to Section 3.3.6 of the
Plan so as to deliver the collateral, to the extent reasonably
practicable, free of liens, claims and encumbrances.

The Reorganized Debtors will use cash on hand and the assignment of
certain causes of action to fund distributions to certain holders
of allowed claims in accordance with Article 3 of the Plan.  The
Debtors anticipate that cash on hand will include remaining cash on
hand from the business, sale proceeds, new money capital infusion,
funds available under the new senior debt facility, and cash
generated by the sale or liquidation of other assets.

The Disclosure Statement is available at
http://bankrupt.com/misc/nysb16-12220-507.pdf

As reported by the Troubled Company Reporter on Jan. 9, 2017, the
Debtors filed with the Court a disclosure statement dated Dec. 28,
2016, for the Debtors' first amended joint Chapter 11 plan of
reorganization, which stated that Class 7 General Unsecured Claims
-- estimated at $106,366,816.40 -- is impaired under the Plan.
Holders are expected to recover 7%.

                About International Shipholding

International Shipholding Corp. was engaged in waterborne cargo
transportation and maintained a diversified customer base with
emphasis on medium and long term contracts.  ISH was founded in
1947 when the Johnsen family purchased a Liberty Ship after the
establishment of the War Ship Act of 1946 and became a public
company in 1979.  Through its Debtor and non-Debtor subsidiaries,
International Shipholding now operates a diversified fleet of 21
U.S. and foreign flag vessels that provide domestic and
international maritime transportation services to commercial and
governmental customers primarily under medium to long-term
contracts.  As of the Petition Date, International Shipholding
maintained offices in Mobile, Alabama, New Orleans, Louisiana, New
York, New York, and Tampa, Florida, as well as a network of
agencies in major cities worldwide.

ISH, which was formed as a Delaware corporation in 1978 and became
a public company in 1979, is the ultimate corporate parent of the
International Shipholding family of companies.  International
Shipholding's fleet is operated by ISH's principal Debtor and
non-Debtor subsidiaries, including Central Gulf Lines, Inc.,
Waterman Steamship Corporation, Enterprise Ship Company, Inc., U.S.
United Ocean Services, LLC, CG Railway, Inc., LCI Shipholdings,
Inc., Sulphur Carriers, Inc., and East Gulf Shipholding, Inc.
Certain other of ISH's Debtorsubsidiaries, including LMS
Shipmanagement, Inc. and N. W. Johnsen & Co., Inc., provide ship
management, ship charter brokerage, agency and other specialized
services.  C.G. Railway Inc., Cape Holding LTD, Dry Bulk Cape
Holding, Inc., East Gulf Shipholding, Inc., MPV Netherlands C.V.,
MPV Netherlands Cooperatief U.A., MPV Netherlands B.V., Bulk
Shipholding Inc., and Terminales Transgolfo S.A. de C.V. are not
debtors in these Chapter 11 cases.

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

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

The Debtors disclosed total assets at $305.1 million and total
debts at $226.8 million as of March 31, 2016.

William K. Harrington, the U.S. Trustee for the Southern District
of New York, on Sept. 1, 2016, appointed three creditors to serve
on the official committee of unsecured creditors of International
Shipholding Corporation.  The Committee hires Pachulski Stang Ziehl
& Jones LLP as counsel, and AMA Capital Partners, LLC as financial
advisor.


INTELLICELL BIOSCIENCES: YA II PN Reports 9.9% Stake as of Dec. 31
------------------------------------------------------------------
YA II PN, Ltd., formerly YA Global Master SPV, Ltd., disclosed that
as of Dec. 31, 2016, it directly owns 313,596,831 shares of common
stock of Intellicell Biosciences, Inc., representing 9.9 percent of
the shares outstanding.

As the Investment Manager of YA Global, Yorkville Advisors Global,
LP may be deemed to beneficially own the same number of shares of
Common Stock beneficially owned by YA Global.  As the General
Partner to Yorkville, Yorkville Advisors Global II, LLC may be
deemed to beneficially own the same number of shares of Common
Stock beneficially owned by YA Global.  As a managing member of
Yorkville and Yorkville GP and the portfolio manager to YA Global,
Matthew Beckman may be deemed to beneficially own the same number
of shares of Common Stock beneficially owned by YA Global,
Yorkville and Yorkville GP.

In addition to the 313,596,831 shares of Common Stock, YA Global
beneficially owns derivative securities convertible into share of
Common Stock of Intellicell, which securities limit YA Global and
its affiliate's ownership to no more than 9.9% of Intellicell's
outstanding shares of Common Stock.  Such ownership cap applies for
all purposes, including shareholder voting purposes.

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

                    https://is.gd/SLtKw7

               About Intellicell Biosciences

Intellicell BioSciences, Inc., headquartered in New York, N.Y.,
was formed on Aug. 13, 2010, under the name "Regen Biosciences,
Inc." as a pioneering regenerative medicine company to develop and
commercialize regenerative medical technologies in large markets
with unmet clinical needs.  On Feb. 17, 2011, the company changed
its name from "Regen Biosciences, Inc." to "IntelliCell
BioSciences Inc".  To date, IntelliCell has developed proprietary
technologies that allow for the efficient and reproducible
separation of stromal vascular fraction (branded
"IntelliCell(TM)") containing adipose stem cells that can be
performed in tissue processing centers and in doctors' offices.

Intellicell Biosciences reported a net loss of $11.14 million on
$0 of total net revenues for the year ended Dec. 31, 2013, as
compared with a net loss of $4.15 million on $534,942 of total net
revenues during the prior year.

As of Sept. 30, 2014, the Company had $3.10 million in total
assets, $17.53 million in total liabilities and a $14.42 million
total stockholders' deficit.

"The Company has incurred losses since inception resulting in an
accumulated deficit of $61,164,954 and a working capital deficit
of $15,319,535 as of June 30, 2014, respectively.  Further losses
are anticipated in the continued development of its business,
raising substantial doubt about the Company's ability to continue
as a going concern.  The ability to continue as a going concern is
dependent upon the Company generating profitable operations in the
future and/or to obtain the necessary financing to meet its
obligations and repay its liabilities arising from normal business
operations when they come due.  Management intends to finance
operating costs over the next twelve months with existing cash on
hand and a private placement of common stock or other debt or
equity securities.  There can be no assurance that we will be able
to obtain further financing, do so on reasonable terms, or do so
on terms that would not substantially dilute our current
stockholders' equity interests in us.  If we are unable to raise
additional funds on a timely basis, or at all, we probably will
not be able to continue as a going concern," the Company stated in
the Form 10-Q for the quarterly period ended June 30, 2014.


INTOWN COMPANIES: Feb. 23 Plan Confirmation Hearing
---------------------------------------------------
The Hon. Karen K. Specie of the U.S. Bankruptcy Court for the
Northern District of Florida has conditionally approved The Intown
Companies, Inc.'s amended disclosure statement dated Jan. 8, 2017,
referring to the Debtor's amended plan of reorganization.

A confirmation hearing will be held on Feb. 23, 2017, at 10:00
a.m., Central Time.

Feb. 16, 2017, is the last day for filing and serving written
objections to the Amended Disclosure Statement, and is fixed as the
last day for filing acceptances or rejections of the Amended Plan.

Objections to the plan confirmation will be filed and served seven
days before the hearing.

                     About The Intown Companies

The Intown Companies, Inc., dba American Quality Lodge, based in
Tucker, Georgia, filed a Chapter 11 petition (Bankr. N.D. Fla. Case
No. 14-50374) on Nov. 11, 2014.  The Hon. Karen K. Specie presides
over the case.  Thomas B. Woodward, Esq., of the law office of
Thomas B. Woodward, Atty., serves as bankruptcy counsel.  The
Debtor also hired Jason A. Burgess, Esq., at The Law Offices of
Jason A. Burgess LLC, as its counsel.

In its petition, the Debtor estimated $1 million to $10 million in
both assets and liabilities. The petition was signed by Melton
Harrell, president.

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


INTOWN COMPANIES: Trade Creditors To Recover 100% Over 5 Years
--------------------------------------------------------------
The Intown Companies, Inc., filed with the U.S. Bankruptcy Court
for the Northern District of Florida a combined disclosure
statement and Chapter 11 plan of reorganization dated Jan. 8,
2017.

Class 3 (Trade Creditors) are impaired under the Plan.  Allowed
General Unsecured Claims/Trade Creditors, estimated at $22,515,
will be paid 100% of their allowed claims over five years with
interest calculated at the federal judgment rate that is in effect
on the first date set for Confirmation in monthly payments
beginning on the first day of the first full month following the
Effective Date.

The current operations of the Debtor-In-Possession will pay
creditors of the Debtor under this plan from income generated
through the operation of the business.  Additionally, the Debtor's
management company, American Motel Management, Inc., has agreed to
collect no management fee for the first year following the
effective date of the Plan and to reduce their monthly management
fees for years two through five to $3,000 monthly.  All uncollected
management fees will accrue.  American Motel Management, Inc., will
execute a Management Company Support Agreement.  Additionally Mr.
Melton Harrell has agreed to infuse $100,000 on the Effective Date
of the Plan into the Debtor's operating account and has also agreed
to additional protections that will be as laid out in the attached
Plan Support Agreement.  The Equity Holders and insiders have also
agreed to not take any dividend, payment, distribution or loan from
the Debtor for the first three years as well as agreed to
additional limitations as shown on the attached Equity Support
Agreement.
The Combined Disclosure Statement and Plan is available at:

         http://bankrupt.com/misc/flnb14-50374-362.pdf

The Combined Disclosure Statement and Plan was filed by the
Debtor's counsel:

     Jason A. Burgess, Esq.
     LAW OFFICES OF JASON A. BURGESS
     1855 Mayport Road
     Atlantic Beach, Florida 32233
     Tel: (904) 372-4791
     Fax: (904) 853-6932
     E-mail: jason@jasonaburgess.com

                     About The Intown Companies

The Intown Companies, Inc., dba American Quality Lodge, based in
Tucker, GA, filed a Chapter 11 petition (Bankr. N.D. Fla. Case No.
14-50374) on Nov. 11, 2014.  The Hon. Karen K. Specie presides over
the case. Thomas B. Woodward, Esq., at the law office of Thomas B.
Woodward, Atty., and Jason A. Burgess, Esq., at The Law Offices of
Jason A. Burgess LLC serve as bankruptcy counsel.

In its petition, the Debtor estimated $1 million to $10 million in
both assets and liabilities.  The petition was signed by Melton
Harrell, president.

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


IOWA HEALTHCARE: Marshalltown Hospital Sale Moves Forward
---------------------------------------------------------
The American Bankruptcy Institute, citing the Associated Press,
reported that leaders of Central Iowa Healthcare, a Marshalltown,
Iowa hospital, are moving ahead with the sale of the facility as
part of bankruptcy proceedings.

According to Reuters, citing the Times Republican, the sale of
Central Iowa Healthcare's assets to Unity Point Health-Waterloo was
unanimously approved by corporate members at a Jan. 10 meeting.
Unity Point Health-Waterloo offered $12.5 million for the assets,
the report related.

Members also outlined the loss of more than $18 million as of Nov.
30, 2016, the report further related.  If the sale is approved by
bankruptcy court, the downtown Marshalltown hospital will no longer
be an independent hospital, the report said.  The hospital is the
only full-service medical center in its area, the report added.

                  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 full-service 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) 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 U.S. Trustee for the Southern appointed Susan N. Goodman as
The Patient Care Ombudsman for Central Iowa Healthcare.

On December 28, 2016, the U.S. Trustee appointed an official
committee of unsecured creditors.


J&A REAL ESTATE: Unsecured Creditors to be Paid 100% in 60 Months
-----------------------------------------------------------------
Unsecured creditors of J & A Real Estate Partnership will be paid
in full under its proposed plan to exit Chapter 11 protection.

Under the restructuring plan, Class 2 unsecured creditors will
recover 100% of their allowed claims.  They will receive a monthly
payment of $1,000 for a period of 60 months.

As part of the plan, all judgment holders would have their
respective judgments voided and the judgment amount would be part
of the general unsecured class.  Payments will be disbursed
quarterly by J & A's legal counsel.

The plan will be funded by rental income from the operations of the
company's tenant, Unique Physique Inc.  J & A  believes the rental
income is sufficient to pay the mortgage and unsecured creditors,
according to the company's disclosure statement filed on Dec. 27,
2016,  with the U.S. Bankruptcy Court for the Middle District of
Pennsylvania.

The U.S. Bankruptcy Court for the Middle District of Pennsylvania
will hold on Feb. 14, 2017, 9:30 a.m. a hearing to consider the
approval of the disclosure statement filed by J & A Real Estate
Partnership referring to the Debtor's plan of reorganization, both
dated Dec. 27, 2016.

Objections to the Disclosure Statement must be filed by Feb. 3,
2017.

A copy of the disclosure statement is available for free at:

      http://bankrupt.com/misc/J&AReal_DS12272016.pdf

J & A is represented by:

     Craig A. Diehl, Esq., CPA
     Law Offices of Craig A. Diehl
     3464 Trindle Road
     Camp Hill, PA 17011
     Phone: (717) 763-7613

              About J & A Real Estate Partnership

J & A Real Estate Partnership, based in York, Pennsylvania, was
formed in January, 1996 by Arthur J. Kerchner and his sister, Ann
Kerchner.  The partnership owns real property situated at 3432 East
Market Street, York, Pennsylvania.  The Debtor leases the real
property to Unique Physique, Inc.

The Debtor filed a Chapter 11 petition (Bankr. M.D. Pa. Case No.
16-03341) on August 12, 2016.  The petition was signed by John A.
Kerchner, partner.

Judge Mary D. France presides over the case.  Craig A. Diehl, Esq.,
at Law Offices of Craig A. Diehl, serves as the Debtor's legal
counsel.   

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


JEFFREY L. MILLER: Can Use Private Financing Alternatives Cash
--------------------------------------------------------------
Judge Michael G. Williamson of the U.S. Bankruptcy Court for the
Middle District of Florida authorized Jeffrey L. Miller
Investments, Inc., to use cash collateral.

The Debtor is directed to make monthly payments to Private
Financing Alternatives, LLC, in the amount of $31,607.

The Debtor is authorized to use cash collateral to pay:

   (a) amounts expressly authorized by the Court, including
payments to the United States Trustee for quarterly fees;

   (b) the current and necessary expenses set forth in the approved
Budget; and

   (c) additional amounts as may be expressly approved in writing
by the Secured Creditor.

The approved Six-Month Projected Budget provided for total expenses
in the amount of $39,448 for each of the months of January through
May.

The Secured Creditor is granted a perfected postpetition lien
against cash collateral, to the same extent and with the same
validity and priority as the prepetition lien.

The Debtor is ordered to maintain insurance coverage for its
property in accordance with the obligations under the loan and
security documents with the Secured Creditor.

A full-text copy of the Order, dated Jan. 9, 2017, is available at

http://bankrupt.com/misc/JeffreyLMiller2016_816bk10036mgw_28.pdf

               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.


JOINT VENTURE DEV'T: Trustee Seeks to Hire Robinson as Realtor
--------------------------------------------------------------
The Chapter 11 trustee of Joint Venture Development, LLC seeks
approval from the U.S. Bankruptcy Court for the Southern District
of West Virginia to hire a realtor.

Thomas Fluharty, the court-appointed trustee, proposes to hire
Robinson Realty to market and sell the Debtor's real property
located at 1550 Wolohan Drive, Ashland, Kentucky.

Robinson Realty will receive a commission of 6% of the sales
price.

Bob Craycraft, a real estate agent employed with Robinson Realty,
disclosed in a court filing that neither he nor any employee of his
firm has any connection with the Debtor or its creditors.

The firm can be reached through:

     Bob Craycraft
     Robinson Realty
     3314 Morgan Avenue
     Ashland, KY 41102

                About Joint Venture Development

A special receiver was appointed on May 18, 2016, for certain of
Dennis Ray Johnson's entities.  A substitute special receiver,
Zachary Burkons, was later appointed on August 15, 2016.  The
successor special receiver filed Chapter 11 petitions for
Appalachian Mining and Reclamation, LLC, Green Coal, LLC, Joint
Venture Development, LLC, Producers Coal, Inc., Producers Land,
LLC, and Redbud Dock, LLC.

Joint Venture Development, LLC's bankruptcy case is Case No.
16-30403 (Bankr. S.D. W.Va.).

Dennis Ray Johnson is a businessman with ownership interests in at
least 10 entities.  He operates various rental real estate entities
and coal associated operations.  Mr. Johnson is a member of each of
the following debtor companies -- Appalachian Mining and
Reclamation LLC, DJWV1 LLC, DJWV2 LLC, Elkview Reclamation and
Processing LLC, Green Coal LLC, Joint Venture Development LLC,
Little Kentucky Elk LLC, Moussie Processing LLC, Producer's Coal
Inc., Producer's Land LLC, Redbud Dock LLC, Southern Marine
Services LLC, Southern Marine Terminal LLC, and The Silo Golf
Course LLC -- and has filed a motion asking the Bankruptcy Court to
jointly administer the bankruptcy cases.  Mr. Johnson is also a
guarantor of the debt for most of the companies.

Thomas H. Fluharty was appointed as the Chapter 11 trustee for
Joint Venture Development.


JOSEPH SLABY: J&K Buying Arcadia Property for $925K
---------------------------------------------------
Joseph and Cindy Slaby ask the U.S. Bankruptcy Court for the
Western District of Wisconsin to authorize the sale of real
property located at 240 Acres Paul Sonsalla Ln., Arcadia,
Wisconsin, to J&K Investments of Eau Claire for $925,000.

The sale of the property as set forth in the Agreement is to be
sold free and clear of liens with the liens attaching to the net
proceeds being sold in the order of priority.

A copy of the Agreement and the list of mortgages, liens, contracts
and debts against the property attached to the Motion is available
for free at:

          http://bankrupt.com/misc/Joseph_Slaby_25_Sales.pdf

The proceeds from the sale will be used in this order:

   a. Closing costs related to the sale of the property including
the title policy commitment, transfer fees, recording fees,
commissions, utility charges against the property, inspections,
real estate survey (if necessary) and the attorney
fees/disbursements incurred by Pittman & Pittman Law Offices, LLC
for this transaction not to exceed $1,500 and other payment of
bills in reference to the sale of the property as necessary to
close the transaction.

   b. Payment of any and all delinquent and accrued real estate
taxes that are not covered by the Buyer in the Offer to Purchase.

   c. The net proceeds of the sale will be paid to the secured
creditors upon closing in the order of priority.  Any funds
remaining thereafter will be held in the Pittman & Pittman Law
Offices, LLC Trust Account to be disbursed by future motion/court
order.

Counsel for the Debtors:

          Greg P. Pittman, Esq.
          PITTMAN & PITTMAN LAW OFFICES, LLC
          300 North 2nd St., Suite 210
          La Crosse, WI 54601
          Telephone: (608) 784-0841
          E-mail: greg@pittmanandpittman.com

Joseph A Slaby and Cindy L Slaby sought Chapter 11 protection
(Bankr. W.D. Wis. Case No. 16-14136) on Dec. 12, 2016.  The Debtor
tapped Greg P. Pittman, Esq., at Pittman & Pittman Law Offices, LLC
as counsel.


KEMET CORP: Royce & Associates Reports 8% Stake as of Dec. 31
-------------------------------------------------------------
In an amended Schedule 13G filed with the Securities and Exchange
Commission, Royce & Associates, LP disclosed that as of Dec. 31,
2016, it beneficially owns 3,707,457 shares of common stock of
KEMET Corporation representing 8.01 percent of the shares
outstanding.  A full-text copy of the regulatory filing is
available for free at https://is.gd/rUiDre

                         About KEMET

KEMET, based in Greenville, South Carolina, is a manufacturer and
supplier of passive electronic components, specializing in
tantalum, multilayer ceramic, film, solid aluminum, electrolytic,
and paper capacitors.  KEMET's common stock is listed on the NYSE
under the symbol "KEM."

KEMET reported a net loss of $53.6 million on $735 million of net
sales for the fiscal year ended March 31, 2016, compared with a
net loss of $14.1 million on $823 million of net sales for the
fiscal year ended March 31, 2015.

As of Sept. 30, 2016, Kemet Corp had $677.0 million in total
assets, $594.1 million in total liabilities and $82.88 million in
total stockholders' equity.

                           *     *     *

KEMET carries a 'Caa1' corporate family rating, with stable
outlook, from Moody's and a 'B-' issuer credit rating with stable
outlook from Standard and Poor's.


KEN'S CUSTOM: Seeks Authorization to Use Ridgestone Cash Collateral
-------------------------------------------------------------------
Ken's Custom Upholstery Inc. seeks authorization from the U.S.
Bankruptcy Court for the Northern District of Illinois to use the
cash collateral of Ridgestone Bank through February, 2017.

The Debtor contends that the proceeds of the operations of the
Debtor, including the sale of inventory, constitute cash
collateral.  The Debtor intends to use up to the aggregate sum of
$37,431 of cash collateral in order to pay for supplies, payroll,
taxes, services, rent, and utilities.

The Internal Revenue Service has claimed a lien in substantially
all of the Debtor's personal property, and has filed a secured
claim in the amount of $27,880, which includes a priority component
of $24,528.

The Debtor proposes to make an adequate protection payment of $970
per month to the IRS, commencing with January, 2017, and grant the
IRS a replacement lien on all newly-acquired assets of the type on
which the IRS currently holds a lien.

A hearing on the Debtor's use of cash collateral will be held on
January 24, 2017 at 9:30 a.m.

A full-text copy of the Debtor's Motion, dated January 12, 2017, is
available at https://is.gd/KyozAR

A full-text copy of the Debtor's Budget, dated January 12, 2017, is
available at https://is.gd/1L3pEg

             About Ken's Custom Upholstery Inc.

Ken's Custom Upholstery Inc. is an Illinois corporation that
operates an upholstery business in Frankfort, Illinois. The
Debtor's customers include commercial entities such as hotels and
restaurants, and consumer customers.

Ken's Custom Upholstery Inc., filed a Chapter 11 bankruptcy
petition (Bankr. N.D. Ill. Case No. 16-35268) on November 4, 2016.
The Petition was signed by its President, Kenneth Kovie.  The
Debtor is represented by David P. Lloyd, Esq. at David P. Lloyd
Ltd.  At the time of filing, the Debtor estimated assets at $50,000
to $100,000 and liabilities at $100,000 to $500,000.

The Debtor engaged Eileen Carrero and Eileen Carrero Financial
Services LLC as its accountant.


KLN MANUFACTURING: To Close Local Operations in February
--------------------------------------------------------
The American Bankruptcy Institute, citing Patrick Danner of My San
Antonio, reported that KLN Manufacturing, a longtime San Antonio
maker of of furniture for military barracks, universities and
hospitals, is shuttering its local operations in February.

According to the report, the closure of KLN's manufacturing plant
at 2 Winnco Drive on the Far Northeast Side was disclosed in a news
release on Jan. 10 by a California company that plans to conduct an
online auction for KLN's assets at the end of the month.

San Diego-based Heritage Global Partners announced it will manage
an online auction of KLN Manufacturing's assets starting Jan. 31,
the report related.  Among the assets are engine lathes, drill
presses, hand tools and tens of thousands of metal stack chairs,
lockers, wardrobes, nightstands and tables, the report said.

                 About KLN Steel Products

KLN Steel Products Company, LLC (Bankr. N.D. Tex. Case No.
16-34323), together with its parent company, AGS Enterprises, Inc.

(Bankr. N.D. Tex. Case No. 16-34323) filed voluntary Chapter 11
petitions on Nov. 2, 2016.  The Petitions were signed by Kelly
O'Donnell, president.  The case is assigned to Stacey G. Jernigan.

The Debtor is represented by Frank Jennings Wright, Esq., at Coats
Rose, P.C.  At the time of filing, the Debtor estimated both
assets
and liabilities at $1 million to $10 million.


LB VENTURES: Seeks Authority to Use Cash Collateral
---------------------------------------------------
LB Ventures, LLC seeks authority from the U.S. Bankruptcy Court for
the District of Massachusetts to use cash collateral.

The Debtor is the owner of real property located at 433 Quincy
Shore Drive, Quincy, MA, where it operates the LB Ventures
consulting business.  The Debtor relates that it needs to use
pre-petition cash and non-cash collateral in order to continue to
operate the Property and its consulting business.

The Debtor's proposed monthly budget projects total operating
expenses in the aggregate sum of $11,725.

The Debtor contends that it has no source of income other than the
rental proceeds and the operations of its consulting business to
fund post-petition operation of its business, pay expenses or
wages.  The Debtor further contends that it is unable to obtain
unsecured credit allowable under Section 502(b)(1) of the
Bankruptcy Code as an administrative expense.  The Debtor adds that
if it is not permitted to use the proceeds, it will be unable to
operate in the ordinary course.

The Debtor believes that its continued operation is in the best
interest of the estate in that it will preserve the fair market
value of the real estate and, thereby increasing the likelihood of
reorganization which reorganization will be fruitless in the event
of a liquidation.

The Debtor is indebted to Endeavor Capital Finance, LLC in an
outstanding balance of $798,227 as of November 14, 2016, secured by
the real property owned by the Debtor.  The real estate which
secures the claim has a fair market value of approximately
$900,000.

The Debtor also has an outstanding obligation to Celtic Bank
Corporation in the sum of approximately $139,157.  Pursuant to a
Business Loan and Security Agreement, which provided financing to
the Debtor in the principal sum of $150,000, and granted Celtic
Bank first priority security interest in the Debtor's inventory,
chattel paper, accounts, equipment, and general intangibles.

The Debtor is willing to grant Endeavor Capital and Celtic Bank
with replacement liens on the cash proceeds from the rents and the
consulting revenues acquired by the Debtor after the petition date
of the same type, nature or description encompassed within their
pre-petition security interests with such liens to be of the same
priority as their perfected, pre-petition lien.

A full-text copy of the Debtor's Motion, dated January 10, 2017, is
available at https://is.gd/RrbV9F


                    About LB Ventures

LB Ventures, LLC, based in Quincy, MA, filed a Chapter 11 petition
(Bankr. D. Mass. Case No. 16-13840) on October 4, 2016. The
petition was signed by Luis M. Barros, manager.  Judge Joan N.
Feeney presides over the case.  The Debtor is represented by Joseph
G. Butler, Esq., at Law Office of Joseph G. Butler.  At the time of
the filing, the Debtor estimated $1 million to $10 million in
assets and $500,000 to $1 million in liabilities.

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


LB VENTURES: Taps Parker & Associates as Legal Counsel
------------------------------------------------------
LB Ventures, LLC seeks approval from the U.S. Bankruptcy Court for
the District of Massachusetts to hire legal counsel in connection
with its Chapter 11 case.

The Debtor proposes to hire Parker & Associates to give legal
advice regarding its duties under the Bankruptcy Code, assist in
the potential disposition of its properties, prepare a bankruptcy
plan, assist in the negotiation of financing deals, and provide
other legal services.

Nina Parker, Esq., at Parker & Associates, disclosed in a court
filing that she and other members of her firm are a "disinterested
person" as defined in section 101(14) of the Bankruptcy Code.

The firm can be reached through:

     Nina M. Parker, Esq.
     Parker & Associates
     10 Converse Place, Suite 201
     Winchester, MA 01890
     Phone: (781)729-0005
     Fax: (781)729-0187
     Email: nparker@ninaparker.com

                        About LB Ventures

LB Ventures, LLC sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. D. Mass. Case No. 17-10084) on January 10,
2017.  The petition was signed by Luis M. Barros, manager.  

The case is assigned to Judge Joan N. Feeney.

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


LEADER INDUSTRIES: U.S. Trustee Unable to Appoint Committee
-----------------------------------------------------------
An official committee of unsecured creditors has not yet been
appointed in the Chapter 11 case of Leader Industries, Inc., as of
Jan. 13, according to a court docket.

Leader Industries, Inc., filed a Chapter 11 bankruptcy petition
(Bankr. M.D.Tenn. Case No. 16-08337) on November 21, 2016.  Elliot
Warner Jones, Esq., at Emerge Law PLC serves as bankruptcy counsel.
Alexander Thompson Arnold PLLC serves as the Debtor's accountant.


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


LEGEND OIL: Hillair Capital Holds 76.6% Equity Stake as of Jan. 9
-----------------------------------------------------------------
In an amended Schedule 13D filed with the Securities and Exchange
Commission, Hillair Capital Investments L.P., Hillair Capital
Management LLC and Sean M. McAvoy disclosed that as of Jan. 9,
2017, each of them may be deemed to be the beneficial owner of
1,106,961,885 common shares of Legend oil and gas, ltd.,
constituting 76.61% of the outstanding shares of Common Stock of
the Company, based on 1,444,889,160 issued and outstanding shares
of Common Stock as of Jan. 3, 2017.

Hillair Capital Management LLC is the investment advisor to Hillair
Capital Investments L.P., a Cayman Islands limited partnership.  By
virtue of that relationship, Hillair Management may be deemed to
have dispositive power over the shares owned by Hillair
Investments.  Hillair Management disclaims beneficial ownership of
those shares.

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

                   https://is.gd/8I2mbw

                     About Legend Oil
       
Alpharetta, Ga.-based Legend Oil and Gas, Ltd., is a crude oil
hauling and trucking company.  The Company has principal operations
in the Bakken region of North Dakota.  The Company's segments
include Corporate, Trucking and Services.  The Company holds
interests in Black Diamond Energy Holdings, LLC (Maxxon).  Maxxon
is a trucking and oil and gas services company that operates in
North Dakota.  The Company performs hauling services for
institutional drilling and exploration companies, as well as crude
oil marketers.

Legend Oil reported a net loss of $14.98 million in 2015 following
a net loss of $2.35 million in 2014.

As of Sept. 30, 2016, Legend Oil had $4.75 million in total assets,
$9.27 million in total liabilities and a total stockholders'
deficit of $4.52 million.

GBH CPAs, PC, in Houston, Texas, issued a "going concern"
qualification on the consolidated financial statements for the year
ended Dec. 31, 2015, citing that Legend Oil and Gas Ltd. has
suffered recurring losses from operations and has a net working
capital deficiency that raise substantial doubt about its ability
to continue as a going concern.


LEVEL 8 APPAREL: Court Allows Use of IRS Cash Collateral
--------------------------------------------------------
Judge James L. Garrity, Jr. of the U.S. Bankruptcy Court for the
Southern District of New York authorized the Level 8 Apparel, LLC
to use the cash collateral of the Internal Revenue Service.        
   

The Debtor was indebted to the IRS in the aggregate amount of at
least $434,606 on account of unpaid withholding/Federal Insurance
Contributions Act taxes, Federal Unemployment Tax Act taxes,
interest and penalties accruing through the Petition Date.   

Of the total tax liabilities, the IRS alleges in its Amended Proof
of Claim that the sum of $422,259 was secured by all property and
rights to property, whether real or personal, belonging to Debtor,
which includes, among other things, the Debtor's accounts
receivable and general intangibles, as well as all of the proceeds,
products, offspring, rents and profits thereof.

The IRS will receive monthly protection payments of $6,697 for any
diminution in the value of any collateral securing its Secured
Claim as a result of the use of Cash Collateral, commencing on
January 5, 2017.

The IRS was granted a valid, enforceable, fully-perfected, security
interest to the extent of, and as security for any decrease in the
value of the IRS' interest in the Cash Collateral since the
Petition Date in, to and upon all existing and hereafter-acquired
property of Debtor including, but not limited to, Debtor's real,
personal, tangible and intangible property, as well as any and all
proceeds, products, offspring, rents and profits thereof, in the
same order and priority as the Prepetition Liens, subject and
subordinate only to the Carve Out.

The IRS was also granted a superpriority claim with priority over
all administrative expense claims and unsecured claims against the
Debtor or its estate subject to and subordinate only to the Carve
Out.

The Carve Out consists of fees payable to the U.S. Trustee, and
$5,000 for the fees and expenses of a Chapter 7 trustee, if any.

The Debtor was required to:

     (a) remain current with all of its post-Petition Date tax
liabilities;

     (b) timely file any and all required post-Petition Date tax
returns;

     (c) file all past due tax returns within 30 days of the entry
of the Court's Order;

     (d) timely make all required tax deposits and payments; and

     (e) serve notice of all tax deposits upon the IRS.

The Debtor was directed to promptly provide to the IRS any and all
financial information reasonably requested by the IRS, as well as
copies of all financial statements, operating reports, petitions,
lists, schedules, inventories, notices and/or other documents or
information it files with the Court.

The right of Debtor to use the Cash Collateral will terminate
immediately upon the occurrence of any of the following events:

      (a) the entry of an order of the Court converting or
dismissing Debtor's Chapter 11 case;

      (b) the entry of an order of the Court confirming a plan of
reorganization in Debtor's Chapter 11 Case;

      (c) the failure of Debtor to perform any of its obligations
under the Order;

      (d) the amendment, supplementation, waiver or other
modification of all or part of the Order without the IRS having
been given an advance, written notice.

A full-text copy of the Stipulation and Order, dated January 5,
2017, is available at https://is.gd/BB4xkp


                   About Level 8 Apparel

Level 8 Apparel LLC is an outerwear design, import/manufacturing
company that produces, among other things, men's and women's
outerwear garments.  It holds licenses to produce and sell Elie
Tahari men's outerwear, Tahari men's outerwear, and On Five men's
and women's apparel and outerwear.  It also has a private label
division, which produces apparel for large vertical retailers such
as Costco, Express, Urban Outfitters, Lane Bryant, and others.  Its
principal place of business is located at 250 West 39th Street,
Suite 502, New York, NY.

Level 8 Apparel LLC filed a Chapter 11 petition (Bankr. S.D.N.Y.
Case No. 16-13164) on Nov. 14, 2016.  The petition was signed by
Frank Spadaro, president.  The case is assigned to Judge James L.
Garrity Jr.  At the time of filing, the Debtor estimated $1 million
to $10 million in both assets and liabilities.  The Debtor is
represented by Steven Soulios, Esq., Ruta Soulios Stratis LLP.

No trustee or examiner or statutory committee has been appointed in
the Chapter 11 case.


LOPEK COMPANIES: Allowed to Use Cash Collateral on Final Basis
--------------------------------------------------------------
Judge Barbara J. Houser of the U.S. Bankruptcy Court for the
Northern District of Texas authorized debtor Lopek Companies, LLC,
to use cash collateral on a final basis.

Secured Lenders BB&T and Comerical Bank may be holders of claims
secured by liens on and security interests in substantially all of
the Debtor's personal property and the proceeds thereof.  The
Secured Lenders have not objected to the Debtor's use of cash
collateral.

Judge Houser acknowledged that the Debtor has an immediate need to
use cash collateral to, among other things, fund payroll
obligations and pay other operating expenses.  Judge Houser further
acknowledged that without access to the cash collateral, the
Debtor's estate would be immediately and irreparably harmed.

The Secured Lenders were granted replacement security interests and
liens on all of the Debtor's personal property, of the same
validity and priority as the liens of the Secured Lenders on the
prepetition Collateral.

The Replacement will be subject and subordinate to:

   (a) professional fees and expenses of the attorneys, financial
advisors and other professionals retained by the Debtor in the
amounts set forth in the Budget and any supplemental budget
approved by the Court and/or consented to by the Secured Lenders
and subject to the Court's approval; and

    (b) any and all fees payable to the United States Trustee
pursuant to 28 U.S.C. Section 1930(a)(6) and the Clerk of the
Bankruptcy Court.  

A full-text copy of the Final Order, dated Jan. 9, 2017, is
available at
http://bankrupt.com/misc/LopekCompanies2016_1634817bjh11_42.pdf

                      About Lopek Companies

Lopek Companies, LLC, and HD Retail Repair LLC are in the business
of facilities maintenance for retail outlets.  HDRR provides
facilities maintenance services to all Home Depot stores
nationwide.  Lopek provides facilities maintenance services to
several local dealerships.

HD Retail and Lopek Companies filed Chapter 11 petitions (Bankr.
N.D. Tex. Case No. 16-34817 and 16-34818) on Dec. 16, 2016.  The
petitions were signed by Kevin Loper, president.  The cases are
assigned to Judge Stacey G. Jernigan.  The Debtors have requested
joint administration of their Chapter 11 cases.

The Debtors are represented by Roberth Thomas DeMarco, Esq., at
DeMarco Mitchell, PLLC.  

Lopek Companies estimated assets at $0 to $50,000 and liabilities
at $1 million to $10 million at the time of the filing.


LUKE'S INCORPORATED: Feb. 14 Disclosure Statement Hearing
---------------------------------------------------------
The U.S. Bankruptcy Court for the District of South Carolina
conditionally approved the disclosure statement with respect to the
Chapter 11 plan of reorganization filed by Luke's Incorporated on
Jan. 3, 2017.

Feb. 7, 2017, is set as the last day for filing written acceptances
or rejections of the plan.  Ballots accepting or rejecting the plan
will be counted only if received by the Court on or before Feb. 7,
2017.

Feb. 7, 2017 is set as the last day for filing and serving written
objections to the disclosure statement and confirmation of the
plan.

Feb. 14, 2017, 10:30 AM is set for the hearing on final approval of
the disclosure statement and for the hearing on confirmation of the
plan, which will be held at Donald Stuart Russell Federal
Courthouse, 201 Magnolia Street, Spartanburg, South Carolina.

                  About Luke's Incorporated

Luke's Incorporated protection under Chapter 11 of the Bankruptcy
Code (Bankr. D. S.C. Case No. 16-03362) on July 6, 2016.  The
Debtor is represented by Robert H. Cooper, Esq., at The Cooper Law
Firm.

An official committee of unsecured creditors has not yet been
appointed in the Debtor's case.


MAHI LLC: Disclosures Okayed, Plan Hearing on Jan. 31
-----------------------------------------------------
The U.S. Bankruptcy Court for the Middle District of Louisiana will
consider approval of the Chapter 11 plan of liquidation of Mahi,
LLC and OM Hospitality, LLC at a hearing on Jan. 31.

The court had earlier approved the companies' disclosure statement,
allowing them to start soliciting votes from creditors.  

The Dec. 27 order set a Jan. 23 deadline for creditors to cast
their votes and file their objections.

Class 2 general unsecured claims are impaired under the proposed
plan.  In case any gross assets remain after the payment of allowed
administrative expense claims and Class 4 claims, general unsecured
creditors will receive a pro rata distributions from any remaining
assets not later than the 30th day following the effective date.
Recovery for general unsecured creditors is unknown.

                          About Mahi LLC

Mahi, LLC, owns and operates a two-story, 45-room hotel under the
name Carom Inn in Denham Springs, Louisiana.  Mahi was organized by
Bhagirath Joshi in 2009.  Mahi has two members -- Bhagirath Joshi
and his daughter, Yagini Joshi.  Each holds a 50% membership
interest in Mahi.

OM Hospitality, LLC, owns and operates a two-story, 42-room hotel
under the name Highland Inn.  OM Hospitality was organized by
Bhagirath Joshi in 2003.  OM Hospitality has two members --
Bhagirath Joshi and his wife, Alaknanda Joshi. Each hold a 50%
membership interest in OM Hospitality.

Mahi and OM Hospitality sought protection under Chapter 11 (Bankr.
M.D. La. Case Nos. 16-10601 and 16-10602) on May 24, 2016.  The
petitions were signed by Bhagirath Joshi, manager.  The cases are
jointly administered.  The cases are assigned to Judge Douglas D.
Dodd.  The Debtors are represented by Ryan James Richmond, Esq., at
Stewart Robbins & Brown LLC.  The Debtors estimated both assets and
liabilities in the range of $1 million to $10 million.


MARETTE PACE: McNairs Buying Las Vegas Property for $190K
---------------------------------------------------------
Marette Joanne Pace asks the U.S. Bankruptcy Court for the District
of Nevada to authorize the sale of real property commonly known as
4917 Fiesta Lakes Street, Las Vegas, Nevada, to Christopher and
Brenda McNair for $190,000.

A major asset of the Debtor is the property.

The mortgage holder on the property is Live Well Financial, Inc.,
which holds the rights to a note and first deed of trust which
encumbers the Property.  The amount of the total claim of Live Well
is $103,324.  Other encumbrances on the Property that are evidenced
through proofs of claims are (i) City of Las Vegas in the amount of
$208, as evidenced by Proof of Claim 1-1; (ii) the Clark County
Treasurer in the amount of $1,923, as evidenced by Proof of Claim
2-1 and (iii) Republic Services in the amount of $769 as evidenced
by Proof of Claim 4-1.

As indicated by a Preliminary Title Report, all the liens and
encumbrances on the Property that are evidenced by the proofs of
claims are reported except for the Clark County Treasurer.  Also,
the total encumbrance reported in favor of Republic Services is
$1,338.

The material terms of the Purchase Agreement are:

   a. Assets to Be Purchased: The Buyers has agreed to purchase the
Property and all of the Debtor's rights and interests related
thereto, free and clear of all interest related thereto.

   b. Purchase Price: $190,000

   c. Closing: The Purchase Agreement provides for a closing date
that has been, or can be, extended a reasonably short time period.

   d. Treatment of Proceeds: The Debtor, upon the confirmation of a
plan of reorganization or, if the Court allows and determines as
more appropriate, the closing of the sale, proposes disbursements,
with possible recent adjustments of monies to Live Well, and with
the greater amount paid to Republic Services.

The District of Nevada Local Rule of Bankruptcy Procedure for the
District of Nevada 6004-1 (Nevada LRBP 6004-1) provides that a sale
motion must highlight, or otherwise explain, these 15 material
terms of a proposed sale:

   (i) The Buyers are not insiders;

  (ii) the Debtor and the Buyers have not discussed or entered into
any agreements with management or key employees regarding
compensation or future employment;

(iii) there are no third party releases or waivers;

  (iv) no auction is contemplated and the Debtor has not agreed to
any limitation of solicitations or marketing of the Property;

   (v) a closing date is set forth, however it may be, and it is
believed is, extended for a reasonably short period of time;

  (vi) the sum of $2,500 was tendered by the Buyers;

(vii) no interim agreements or arrangements have been, or will be,
discussed or negotiated;

(viii) the motion makes a request and provides for allocation of
sale proceeds;

  (ix) no state taxes exemption is asserted;

   (x) the Debtor is not proposing to sell all of her assets but,
still, all books and records will be retained by the Debtor;

  (xi) the Debtor is not seeking any such sales or limitations;

(xii) there is no provision limiting successor liability;

(xiii) the Debtor is not seeking that the sale be free and clear of
any rights;

(xiv) there are no terms relating to credit bids; and

  (xv) because time is of the essence,

the Debtor does seek relief from the 14 day stay of FRBP 6004(h).

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

          http://bankrupt.com/misc/Marette_Pace_58_Sales.pdf

In the present matter, a sound business justification exists for
the sale of the Property.  The Debtor proposes to satisfy one
creditor completely and, as part of a plan of reorganization and
with the excess proceeds from the sale, cure all arrearages to
another secured mortgage holder on another property.  Therefore, a
sound business reason exists for the sale of the Property.  It is
also anticipated that the proceeds from the sale will be sufficient
to allow a 100% plan.  Accordingly, the Debtor asks entry of an
order authorizing the sale of the Property free and clear of liens
and encumbrances on the Property or with the lien to attach to the
proceeds with final distribution to be made pursuant to a plan of
reorganization.

The Debtor proposes that the Court either (i) allow distribution to
all lienholders, encumbrancers, and costs relating to the sale,
with surplus proceeds going to the Debtor, before the plan is
confirmed; or (ii) allow the sale to proceed but with liens
attaching to the proceeds with the final distribution to be
accomplished as part of the plan of reorganization.  Moreover, the
price at which the Property will be sold is "greater than the
aggregate of all liens on the Property."

The Debtor also asks that any order approving the free and clear
sale of the Property become effective immediately upon its entry.

Counsel for the Debtor:

          David A. Riggi, Esq.
          5550 Painted Mirage Rd., Suite 120
          Las Vegas, NV 89149
          Telephone: (702) 463-7777
          Facsimile: (888) 306-7157
          E-mail: riggilaw@gmail.com

Marette Joanne Pace sought Chapter 11 protection (Bankr. D. Nev.
Case No. 16-10005) on Jan. 4, 2016.



MCCLATCHY CO: Inks Deal to Sell & Lease Back Real Properties
------------------------------------------------------------
McClatchy announced that it has entered into separate agreements to
sell and lease back real property owned by The Sacramento Bee in
Sacramento, California and The State Media Company in Columbia,
South Carolina for total gross proceeds of $67.8 million.

The Sacramento Bee entered into a transaction with Shopoff
Advisors, L.P., to sell its real property which includes The
Sacramento Bee building and surrounding land and buildings.
Simultaneously with the closing of the sale, McClatchy will enter
into a 15-year lease with Shopoff to leaseback the real property
with initial annual lease payments of approximately $4.6 million.

This transaction excludes a parking garage formerly owned by The
Sacramento Bee, which was sold for $5.75 million in a transaction
that closed in December 2016.

In a separate but similar transaction, The State Media Company
contracted with a subsidiary of Twenty Lake Holdings, to sell its
real property including The State building and surrounding land.
McClatchy will enter into a 15-year lease with Twenty Lake with
initial annual lease payments of approximately $1.6 million.

These transactions are subject to customary closing conditions and
are expected to close in the second quarter of 2017.

Elaine Lintecum, McClatchy's chief financial officer said, "We are
pleased that in less than one year of marketing these properties,
we were able to collaborate with two strong investors like Shopoff
and Twenty Lake to sell the properties at or near our asking prices
and lease them back for our operations.

"These sale-leaseback transactions are one more step in moving
forward with our real estate monetization efforts to redeploy our
capital for better uses for the benefit of our shareholders and
bondholders.  We generally expect to reduce debt with the proceeds
of these transactions."

A repurchase clause included in both of the lease agreements to be
entered into at the closing of the transactions will offer an
option for the company to repurchase the real property at the end
of the 15-year lease term.  As a result, the leases are expected to
be accounted for under GAAP as financing leases.  Lease payments
will reduce the related lease obligation on the balance sheet and
include interest expense associated with the obligation.

Upon closing of the transactions, the company is required to first
offer the after-tax proceeds from the sales at par to the secured
bondholders in accordance with the indenture for its secured 9.0%
bonds maturing in 2022.  Under the indenture for its unsecured
bonds, the company has 90 calendar days to reduce debt equal to
approximately $48.0 million (subject to change based on market
rates at the closing of the transactions), which reflects the
attributable debt associated with the leases.  Should the secured
bondholders choose not to participate in the par offer, the company
may alternatively seek to reduce some of its unsecured bonds with
the after-tax proceeds in order to meet its 90-calendar-day
requirement for debt reduction.

In connection with these sale and leaseback transactions, and
certain similar transactions under consideration, McClatchy
executed a fourth amendment to its credit agreement.  The fourth
amendment allows the after-tax proceeds from these sales and
leaseback transactions that are not claimed by secured bondholders
prior to expiration of a par offer to be used to repurchase any of
its unsecured bonds in the open market to meet the debt reduction
requirements noted above.  The company could also decide to hold
cash in excess of required debt reduction amounts on its balance
sheet or use the cash for other corporate purposes.

Lintecum added, "Our goal remains to strengthen the company's
financial position, which means doing what makes the most economic
sense for the company as it pertains to repurchasing debt in the
open market.  While we would prefer to reduce secured debt, we must
adhere to our 90-day debt reduction requirement and are unwilling
to pay uneconomic prices in the open market for secured debt."

McClatchy noted that its 9.0% secured debt becomes callable in
whole or in part as of Dec. 15, 2017, at a price of 104.5%.

                 About The McClatchy Company

Sacramento, Cal.-based The McClatchy Company (NYSE: MNI)
-- http://www.mcclatchy.com/-- is a media company that provides
both print and digital news and advertising services.  Its
operations include 30 daily newspapers, community newspapers,
websites, mobile news and advertising, niche publications, direct
marketing and direct mail services.  Its owned newspapers include,
among others, the (Fort Worth) Star-Telegram, The Sacramento Bee,
The Kansas City Star, the Miami Herald, The Charlotte Observer,
and The (Raleigh) News & Observer.  The Company holds interest in
digital assets which include CareerBuilder, LLC, Classified
Ventures, LLC, HomeFinder, LLC, and Wanderful Media.

McClatchy reported a net loss of $300 million on $1.05 billion of
net revenues for the year ended Dec. 27, 2015, compared to net
income of $374 million on $1.14 billion of net revenues for the
year ended Dec. 28, 2014.

As of Sept. 25, 2016, McClathcy Co had $1.83 billion in total
assets, $1.68 billion in total liabilities and $155.5 million in
stockholders' equity.

                           *     *     *

McClatchy carries a 'Caa1' corporate family rating from Moody's
Investors Service.  In May 2011, Moody's changed the rating
outlook from stable to positive following the company's
announcement that it closed on the sale of land in Miami for
$236 million.  The outlook change reflects Moody's expectation
that McClatchy will utilize the net proceeds to reduce debt,
including its underfunded pension position, which will reduce
leverage by approximately half a turn and lower required
contributions to the pension plan over the next few years.

As reported by the TCR on April 2, 2014, Standard & Poor's Ratings
Services affirmed all ratings on U.S. newspaper company The
McClatchy Co., including the 'B-' corporate credit rating, and
revised the rating outlook to stable from positive.  The outlook
revision to stable reflects S&P's expectation that the
timeframe for a potential upgrade lies beyond the next 12 months,
and could also depend on the company realizing value from its
digital minority interests.


MCCLATCHY CO: Royce & Assoc Holds 12.5% CL-A Shares as of Dec. 31
-----------------------------------------------------------------
Royce & Associates, LP, disclosed in an amended Schedule 13G filed
with the Securities and Exchange Commission that as of Dec. 31,
2016, it beneficially owns 639,704 shares of class A common stock
of The McClatchy Company representing 12.47 percent of the shares
outstanding.  A full-text copy of the regulatory filing is
available for free at https://is.gd/mUJYRZ

                  About The McClatchy Company

Sacramento, Cal.-based The McClatchy Company (NYSE: MNI)
-- http://www.mcclatchy.com/-- is a media company that provides
both print and digital news and advertising services.  Its
operations include 30 daily newspapers, community newspapers,
websites, mobile news and advertising, niche publications, direct
marketing and direct mail services.  Its owned newspapers include,
among others, the (Fort Worth) Star-Telegram, The Sacramento Bee,
The Kansas City Star, the Miami Herald, The Charlotte Observer,
and The (Raleigh) News & Observer.  The Company holds interest in
digital assets which include CareerBuilder, LLC, Classified
Ventures, LLC, HomeFinder, LLC, and Wanderful Media.

McClatchy reported a net loss of $300 million on $1.05 billion of
net revenues for the year ended Dec. 27, 2015, compared to net
income of $374 million on $1.14 billion of net revenues for the
year ended Dec. 28, 2014.

As of Sept. 25, 2016, McClathcy Co had $1.83 billion in total
assets, $1.68 billion in total liabilities and $155.5 million in
stockholders' equity.

                           *     *     *

McClatchy carries a 'Caa1' corporate family rating from Moody's
Investors Service.  In May 2011, Moody's changed the rating
outlook from stable to positive following the company's
announcement that it closed on the sale of land in Miami for
$236 million.  The outlook change reflects Moody's expectation
that McClatchy will utilize the net proceeds to reduce debt,
including its underfunded pension position, which will reduce
leverage by approximately half a turn and lower required
contributions to the pension plan over the next few years.

As reported by the TCR on April 2, 2014, Standard & Poor's Ratings
Services affirmed all ratings on U.S. newspaper company The
McClatchy Co., including the 'B-' corporate credit rating, and
revised the rating outlook to stable from positive.  The outlook
revision to stable reflects S&P's expectation that the
timeframe for a potential upgrade lies beyond the next 12 months,
and could also depend on the company realizing value from its
digital minority interests.


MEDIACOM ILLINOIS: Moody's Assigns Ba2 Rating to $500MM Loan K
--------------------------------------------------------------
Moody's Investors Service assigned a Ba2 rating to the proposed
$500 million senior secured term loan K of Mediacom Illinois LLC, a
wholly owned subsidiary of Mediacom LLC (MCLLC) and its parent,
Mediacom Communications Corporation (MCC). Proceeds will be used to
pay off the company's existing term loan F ($242 million
outstanding) and 7.25% unsecured notes ($250 million outstanding).
MCLLC will also extend the maturity of its revolving credit
facility to 2022, which was set to expire in 2019, and increase the
revolver capacity by $7.5 million to $370 million. MCC's Ba3
corporate family rating (CFR) and positive outlook remain
unchanged.

Assignments:

Issuer: Mediacom Illinois LLC (Co-borrowers: Mediacom Indiana LLC,
Mediacom Iowa LLC, Mediacom Minnesota LLC, Mediacom Wisconsin LLC,
Zylstra Communications Corporation, Mediacom Arizona, LLC, Mediacom
California, LLC, Mediacom Delaware, LLC, Mediacom Southeast, LLC)

Senior Secured Revolving Credit Facility, Assigned Ba2 (LGD3)

Senior Secured Term Loan K, Assigned Ba2 (LGD3)

Outlook Actions:

Issuer: Mediacom Illinois LLC

Outlook, Assigned Positive

RATINGS RATIONALE

The proposed transaction is credit positive as it extends the
maturity profile of the company's capital structure and decreases
annual interest expense by approximately $11 million.

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

Moody's analyzes the credit risk for MCC on a consolidated basis,
viewing Mediacom Broadband and Mediacom LLC as one reporting unit
based on its ability to unilaterally manage the capital and
operations of both companies as if it were one.

The positive outlook reflects Moody's expectation that the company
will continue to use excess free cash flow and grow EBITDA in the
mid-single digits to reduce leverage. Moody's said, "We also expect
steady broadband subscriber growth which will help protect and grow
revenue amid declining revenue in the company's core video
business. An upgrade is likely over the next 12-18 months. The
positive action would require leverage to be sustained below 3.5
times debt-to-EBITDA (Moody's adjusted) and Free cash flow-to-debt
(Moody's adjusted) to be sustained above 10%. A negative rating
actions is unlikely over the next 12-18 months but could occur if
leverage is sustained above 5 times debt-to-EBITDA (Moody's
adjusted) or Free cash flow-to-debt (Moody's adjusted) is sustained
below 5%."

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


MEDIACOM LLC: S&P Assigns 'BB+' Rating on Proposed $500MM Loan
--------------------------------------------------------------
S&P Global Ratings assigned its 'BB+' issue-level rating and '2'
recovery rating to Mediacom LLC subsidiaries' proposed
$500 million term loan K due 2024 and $370 million revolving credit
facility due 2022.  The '2' recovery rating indicates S&P's
expectation of substantial (70%-90%; lower end of the range)
recovery for lenders in the event of a payment default.  The new
revolving credit facility will replace the existing $362.5 million
facility due 2019 and the $500 million term loan K will be used to
repay the remaining balance on Mediacom LLC's $250 million term
loan F and its $250 million of 7.25% senior unsecured notes due
2022.

At the same time, S&P lowered its issue-level ratings on Mediacom
LLC subsidiaries' existing secured debt to 'BB+' from 'BBB-' and
revised the recovery ratings on this debt to '2' from '1'.  The
revision of the recovery ratings reflects the higher amount of
secured debt at Mediacom LLC following the proposed transaction,
which reduces the expected recovery for secured lenders under S&P's
hypothetical default scenario.  The '2' recovery rating reflects
S&P's expectation for substantial (70%-90%; lower half of the
range) recovery in the event of a payment default.

The issuer is a subsidiary of Mediacom Park, N.Y.–based cable-TV
operator Mediacom Communications Corp.  S&P's 'BB' corporate credit
rating and stable outlook on Mediacom Communications Corp. are
unaffected, because S&P expects net debt leverage to continue to be
about 4x.

                        RECOVERY ANALYSIS

Key analytical factors

   -- S&P simulates a default in 2020, reflecting lower revenue
      generation as a result of an acceleration in pay-TV
      subscriber declines as customers migrate toward streaming
      alternatives and an inability to offset this with growth in
      broadband and commercial services combined with increased
      price-based competition in its markets resulting in margin
      pressure.  Lower revenues per customer and a reduced
      subscriber base result in a decline in EBITDA such that the
      company is unable to meet its fixed charges.

   -- S&P has valued Mediacom Communications Corp. on a going-
      concern basis using a 7.0x multiple of S&P's projected
      emergence EBITDA.  The 7x multiple resides on the high end
      of the 6x to 7x range S&P typically ascribes to distressed
      cable operators given the relative lack of competition in
      the company's markets.

   -- S&P has valued Mediacom LLC based on a 43% EBITDA
      contribution to total EBITDA at Mediacom Communications
      Corp.

Simulated Default Assumptions:

   -- Simulated year of default: 2020
   -- EBITDA at emergence: $350 million
   -- EBITDA multiple: 7x

Simplified Waterfall:

   -- Net enterprise value at Mediacom Communications Corp. (after

      5% admin. costs): $2.3 billion
   -- Net enterprise value at Mediacom LLC (after 5% admin.
      costs): $1.0 billion
   -- Secured debt claims at Mediacom LLC: $1,316 million
      -- Recovery expectations: 70% to 90%
   -- Net enterprise value at Mediacom Broadband (after 5% admin.
      costs): $1.3 billion
   -- Secured debt claims at Mediacom Broadband: $1,369 million
      -- Recovery expectations: 90% to 100%
   -- Unsecured debt and pari-passu claims at Mediacom Broadband:
      $560 million
      -- Recovery expectations: 0% to 10%

Note: All debt amounts include six months of prepetition interest.

RATINGS LIST

Mediacom Communications Corp.
Corporate Credit Rating                  BB/Stable/--

New Rating

Mediacom Illinois LLC
Mediacom Indiana LLC
Mediacom Iowa LLC
Mediacom Minnesota LLC
Mediacom Wisconsin LLC
Zylstra Communications Corp
Mediacom Arizona LLC
Mediacom California LLC
Mediacom Delaware LLC
Mediacom Southeast LLC

Senior Secured
$500 mil. term loan K due 2024          BB+
  Recovery Rating                        2L

$370 mil. revolver due 2022             BB+
  Recovery Rating                        2L

Rating Lowered; Recovery Rating Revised

Mediacom Illinois LLC
Mediacom Indiana LLC
Mediacom Iowa LLC
Mediacom Minnesota LLC
Mediacom Wisconsin LLC
Zylstra Communications Corp
Mediacom Arizona LLC
Mediacom California LLC
Mediacom Delaware LLC
Mediacom Southeast LLC

                                          To            From
Senior Secured                           BB+           BBB-
  Recovery Rating                         2L            1


MEG ENERGY: Moody's Hikes CFR to B3 & Unsec Notes Rating to Caa2
----------------------------------------------------------------
Moody's Investors Service upgraded MEG Energy Corp.'s (MEG)
Corporate Family Rating to B3 from Caa2, Probability of Default
Rating to B3-PD from Caa2-PD, and US$1 billion and US$800 million
Senior Unsecured Notes ratings to Caa2 from Caa3. Moody's assigned
a Ba3 rating to MEG's new First Lien Senior Secured US$1.4 billion
Revolver due 2021 and US$1.2 billion Term Loan due 2023, and a Caa1
rating to the new US$750 million Second Lien Senior Secured Notes
due 2025. The outlook was changed to stable from negative. The
Speculative Grade Liquidity (SGL) Rating was raised to SGL-1 from
SGL-2.

MEG will use the proceeds from the new debt issues to refinance
existing debt. MEG has also reduced the size of its First Lien
Revolver to US$1.4 billion from US$2.5 billion, which will remain
undrawn, and extended the maturity date by two years to 2021.
Concurrent with the refinancing, MEG will also raise C$357 million
of equity. All aspects of these transactions are cross-conditional.
Upon closing of the transactions Moody's will withdraw the ratings
on the existing US$1.3 billion First Lien Term Loan due 2020 and
US$750 million Senior Unsecured Notes due 2021.

"MEG's upgrade to B3 reflects the increasing cash flow in 2017 and
2018 realized by higher oil prices and expected production growth
from its infill well project," said Paresh Chari, Moody's Assistant
Vice President, "The higher cash flow will help to improve MEG's
weak credit metrics."

The following rating actions were taken:

Upgrades:

Issuer: MEG Energy Corp.

Corporate Family Rating, Upgraded to B3 from Caa2

Probability of Default Rating, Upgraded to B3-PD from Caa2-PD

Senior Unsecured Regular Bond/Debenture, Upgraded to Caa2 (LGD5)
from Caa3 (LGD5)

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

Assignments:

Issuer: MEG Energy Corp.

Senior Secured Bank Credit Facility, Assigned Ba3 (LGD2)

Senior Secured Regular Bond/Debenture, Assigned Caa1 (LGD4)

Outlook Actions:

Issuer: MEG Energy Corp.

Outlook, Changed To Stable From Negative

RATING RATIONALE

MEG's B3 Corporate Family Rating (CFR) reflects weak expected
credit metrics (debt to EBITDA about 10x in 2017, retained cash
flow/debt about 4%, EBITDA/interest about 1.5x), coupled with very
good liquidity, including a lack of any debt maturities before
2021. While MEG has substantial reserves in key productive areas of
the Athabasca oil sands region, it is economically challenged under
Moody's oil price estimates.

The SGL-1 Speculative Grade Liquidity Rating reflects MEG's very
good liquidity through 2017. At December 31, 2016 and pro-forma for
the January 2017 C$260 million equity issuance (net of fees and the
call premium), MEG will have around C$410 million of cash. Combined
with an undrawn US$1.4 billion revolving credit facility, which
matures in 2021, MEG will have ample liquidity to cover Moody's
expected negative free cash flow of about C$400 million through
2017. MEG has no financial covenants and good sources of alternate
liquidity through its ability to monetize its 50% ownership in the
Access pipeline or other assets.

In accordance with Moody's Loss Given Default (LGD) Methodology,
the combined US$2.6 billion secured revolving credit facility and
term loan, are rated Ba3, three notches above the B3 CFR,
reflecting the loss absorption cushion provided by the lower
ranking second lien and unsecured notes. The second lien US$750
million notes are rated Caa1, and the US$800 million and the US$1
billion senior unsecured notes are rated Caa2, two notches below
the CFR.

The stable outlook reflects Moody's view that the expected increase
in production and prices will provide support to MEG's metrics and
very good liquidity provides time for any market or operating
adversity.

The ratings could be upgraded if EBITDA to interest was likely to
remain above 2x, retained cash flow to debt was likely to remain
above 10% and liquidity was adequate.

The ratings could be downgraded if EBITDA to interest is likely to
remain below 1.5x, retained cash flow to debt was likely to remain
below 5% or if liquidity was weak.

MEG is a publicly-listed Calgary, Alberta based
steam-assisted-gravity-drainage ("SAGD") oil sands developer and
operator producing over 80,000 bbls/day of bitumen.


MELODY GOOD GIRL: Directed to File Plan, Disclosures Before April 6
-------------------------------------------------------------------
Judge K. Rodney May of the U.S. Bankruptcy Court for the Middle
District of Florida ordered Melody, Good Girl Incorporated to file
its plan of reorganization and disclosure statement on or before
April 6, 2017.

The Disclosure Statement must, at the minimum, contain adequate
information pertaining to the Debtor in the following areas:

   (a) Pre- and post-petition financial performance;

   (b) Reasons for filing Chapter 11;

   (c) Steps taken by the Debtor since filing of the petition to
facilitate its reorganization;

   (d) Projections reflecting how the Plan will be feasibly
consummated;

   (e) A liquidation analysis; and

   (f) A discussion of the Federal tax consequences as described in
section 1125(a)(1) of the Bankruptcy Code.

             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.


MELODY GOOD GIRL: U.S. Trustee Unable to Appoint Committee
----------------------------------------------------------
An official committee of unsecured creditors has not yet been
appointed in the Chapter 11 case of Melody, Good Girl Incorporated
as of Jan. 11, according to a court docket.

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 Grimaldi & Guito, P.A.

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 the Debtor's case.


METCOM NETWORK: Epsilon Buying All Assets for $3.7 Million
----------------------------------------------------------
Metcom Network Services, Inc., asks the U.S. Bankruptcy Court for
the Southern District of New York to authorize the sale of
substantially all assets to Epsilon US, Inc., for $3,730,000,
subject to higher or otherwise better offers.

The Debtor is a New York corporation, incorporated under the laws
of the State of New York, with its principal place of business at
60 Hudson Street, New York, New York, Suites 1001 and 2303.  The
Debtor is owned 50% by Mark DuMoulin, Sr. and 50% by Susan
Becker-DuMoulin.

The Debtor is in the business of telecommunications, building and
local interconnection and engineering support, including the
colocation of customer equipment.  It acts as a primary provider of
extremely high capacity fiber optic connections between domestic
and international service providers that occupy space throughout
the Building located at at 60 Hudson St. in Manhattan
("Building").

The Debtor commenced its Chapter 11 case by filing a voluntary
petition for relief under chapter 11 of the Bankruptcy Code with
the Court on June 28, 2016, and has been under chapter 11
protection for more than seven months.  During that time, the
Debtor has sought to stabilize its business and deal with ongoing
issues and litigation.  Because the Debtor's business is keyed to
its location in a particular building, among the Debtor's most
important assets are its real property leases - the most
significant of these being the Debtor's lease at the Building.

Prior to the Filing Date, the Debtor entered into 2 equipment
leases in 2014 and 2015 with NFS Leasing, Inc., which also holds a
properly perfected security interest on substantially all of the
Debtor's Assets.  The Debtor entered into a cash collateral
stipulation with NFS which was approved during the Chapter 11 case,
after notice and hearing, by the Court's Order dated Nov. 1, 2016.

The Debtor entered the case owing back rent on its lease of space
in the Building ("60 Hudson Lease") of more than $1,800,000.
Additionally, the 60 Hudson Lease expires by its terms in May 2017.
This presented a challenge to the Debtor of finding a buyer that
would be willing to purchase the Debtor's business as a going
concern given the significant amount necessary to cure the 60
Hudson Lease and the limited amount of time remaining on that
lease.

Additionally, until a recent settlement, the Debtor had been
involved in ongoing litigation with N Plus Systems, LLC, regarding
N Plus' sublease of space in the Building from the Debtor.  It is
likely that any party wishing to buy the Debtor's business as a
going concern would have required the resolution of the N Plus
dispute prior to closing any such sale.

During the pendency of the chapter 11 case, the Debtor was
approached by various entities, including Epsilon, inquiring about
purchasing the Debtor's assets.  Epsilon Global Communications Pte
Ltd., the parent of the Buyer, and the EGC Group, which consists of
Epsilon Telecommunications subsidiaries of EGC located throughout
the world, are one of the largest independent providers of
connectivity solutions to the world's communications and cloud
ecosystems.  The EGC Group operates a network infrastructure that
delivers mission critical, high performance applications and
communications services to customers across the globe.  It employs
150 staff over five offices worldwide.

The Debtor determined that it would be in the best interests of the
Debtor and its creditors to reorganize by selling substantially all
of its assets and assuming and assigning its Assumed Agreements
(except for 2 agreements to be rejected), to Epsilon, with the
purpose of Epsilon's operating the business after the Sale as a
going concern business, and not for liquidation purposes.

After extensive negotiations between the Debtor and Epsilon, the
Debtor entered into the APA with Epsilon, agreeing to the Sale of
substantially all of the Debtor's Acquired Assets free and clear of
liens to Epsilon or a Permitted Designee, and the Debtor's proposed
Assumption and Assignment of Assumed Agreements to Epsilon.

Pursuant to the APA, and assuming all closing conditions are met,
Epsilon will pay approximately $3,730,000 to complete the Sale,
which amount can be broken down as follows: (i) Cure Costs of
approximately $2,040,000 (including the approximately $1,800,000
necessary to cure the 60 Hudson Lease); (ii) approximately
$1,090,000 to NFS to resolve its alleged secured claim against the
Debtor; and (iii) an additional $600,000 to the Debtor's estate.

Under Section 8(i) of the APA, the Debtor is required to cure any
defaults under the Assumed Agreements (excluding the Cure Amounts
to be paid by Buyer) on or prior to the Closing Date (which the
Debtor anticipates will be relatively de minimus).  Epsilon has
advised the Debtor that there is one service order and one
agreement that it does not wish to assume, as identified on the
Schedule of Rejected Agreements.

As set forth, NFS is leasing property to the Debtor and it also
holds a security interest in the Acquired Assets.  It is a
condition to closing that NFS will have executed and delivered an
agreement to terminate the equipment lease agreement between Seller
and NFS, and terminations of its UCC financing statements, and any
other security interest in the Acquired Assets, in form and
substance acceptable to Epsilon, it is a condition to closing that
Epsilon is to deliver to NFS such amount as is required pursuant to
that termination of equipment lease agreement such that any Lien of
NFS on any Acquired Asset will be released as of Closing.

Epsilon is delivering a delivering a deposit in the amount of
$131,000 ("Security Deposit") within 2 Business Days following the
entry by the Court of the Bidding Procedures Order to the Debtor's
counsel, Ackerman Fox, LLP, to hold in a non-interest bearing
account, as Escrow Agent, under the terms of an Escrow Agreement
between the parties to be applied against the purchase price if
Epsilon is the Successful Bidder.  The Security Deposit is to be
returned if Epsilon is not the Successful Bidder.  If the APA is
terminated by the Debtor due to any material breach by Epsilon of
any of its agreements, representations or warranties contained in
the APA, Epsilon will forfeit the Security Deposit, and the
Security Deposit will become property of the Debtor, Epsilon will
not be entitled to the Expense Reimbursement, and Epsilon's
administrative claim for the Expense Reimbursement will
automatically be deemed to be expunged in its entirety.

The APA provides that Epsilon is, subject to the Court's approval,
to be granted an Expense Reimbursement of its out-of-pocket
expenses not to exceed $150,000, as an administrative priority in
the Debtor's case, which administrative priority claim will
automatically be deemed to be expunged, and will not be paid or due
to be paid from the $600,000 Cash Purchase Price, or from any
monies received by the Debtor of or from the sale, unless the Court
directs or otherwise orders that the sale should be made by the
Debtor to another higher or better offer made by a Qualified Bidder
and Epsilon is not the successful bidder.

The Debtor's negotiation of the APA with Buyer was and is critical
to obtaining the highest and best price for the Acquired Assets,
and without the Buyer's commitment of substantial time and expense
to the process, the Debtor would have to employ a less orderly
process for the sale of its assets and therefore risk attracting
lower prices.  The Debtor acknowledges that Epsilon would not have
invested the time and incurred the expense of negotiating and
documenting the transaction if it were not entitled to the Expense
Reimbursement.

The APA also sets forth that Epsilon will either (i) extend offers
of employment (contingent upon the Closing) to the Debtor's
Employees, which offers will provide for compensation and benefits
substantially similar to the compensation and benefits provided by
the Debtor to such employee, or (ii) agree to assume the Debtor's
agreement with TriNet HR Corp. dated Feb. 25, 2016.

The Debtor is informed and believes that Epsilon has either reached
agreements in principle, or is close to reaching agreements in
principle, with N Plus, NFS and the 60 Hudson landlord that satisfy
the closing conditions in the APA.

Another condition precedent of the APA, Epsilon is to offer
employment agreements to Mark DuMoulin, Susan DuMoulin, Mark
DuMoulin II, and Michael DuMoulin.  In order to induce Mark
DuMoulin and Susan DuMoulin to continue to work for Buyer after the
Closing, the employment agreements for Mark DuMoulin and Susan
DuMoulin provide for bonuses in the amount of $250,000 each, which
they can earn provided that there is a successful transition of the
business to Epsilon and that the business meets certain "Key
Performance Indicators" as of the one year anniversary of the
closing of the sale.

Epsilon has also agreed to subject its transaction to higher and
better offers through a bidding and auction process.

The material terms of the Bidding Procedures are:

   a. Bid Deadline: No later than 11:00 a.m. (ET) on a date which
is not less than 1 business day prior to the Auction.

   b. Overbid Amount Requirement: $50,000 over and above the
Purchase Price (which expressly includes (A) the $600,000.00 Cash
Purchase Price, (B) all Cure Amounts required to be paid to the
counterparties to Assumed Agreements to be assumed, as identified
on the Schedule of Assumed Agreements which is included in the
Schedules annexed hereto as Exhibit G), (C) any amount necessary to
resolve the secured claim of NFS, Inc., plus (D) $150,000 to pay
the Expense Reimbursement to Epsilon.

   c. Deposit: $175,000

   d. If no Qualifying Bids (other than the bid of Epsilon as set
forth in the APA) are received, the Debtor will request the Court
at the Hearing to rule that Epsilon is the Successful Bidder and
approve a sale to Epsilon pursuant to the APA.  If a Qualifying Bid
in addition to the bid by Epsilon is received, the Debtor will hold
an Auction at the Court at the same date and time as the Hearing on
the Debtor's Motion for approval of the sale.

   e. The Auction will be conducted by the Debtor and/or the
Debtor's counsel, under the direction and supervision of the Court.


   f. Incremental Bid Amount: Bidding will be conducted in minimum
increments of $50,000, provided that any incremental bids made by
Epsilon will be exempt from the Overbid Amount Requirement.  The
value of the Expense Reimbursement will be added to any bid by
Epsilon for purposes of valuing any bid by Epsilon at the Auction.

   g. Upon the conclusion of the Auction and the selection of the
Successful Bidder, the Debtor will have the option of selecting one
(1) Qualified Bid as the next highest or otherwise best Qualified
Bid as Back-Up Bid.  The Back-Up Bid will remain open until the
first business day following the closing of the sale of the Sale
Assets to the Successful Bidder.  The Debtor may designate the
Back-Up Bidder to close the sale pursuant to its Back-Up Bid in the
event the Successful Bidder fails to close, without further Court
approval, and the Back-Up Bidder will be required to close the sale
within 2 days after such designation by the Debtor.

   h. The Successful Bidder must pay the balance of the Purchase
Price for the Acquired Assets (the difference between the amount of
the successful bid and the Qualifying Deposit) to the Debtor or its
attorney, and all Cure Costs to counterparties to the Assumed
Agreements that are being assumed, at the Closing.

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

            http://bankrupt.com/misc/Metcom_Network_73_Sales.pdf

The Debtor requests that the Court approves the Bidding Procedures,
the Expense Reimbursement, the notice procedures with respect to
the Assumption and Assignment of the Assumed Agreements, the
Auction and Sale Hearing Notice and schedules the Sale Hearing.
Upon conclusion of the Auction and selection of the highest or
otherwise best bid, the Debtor asks that the Court enter the
proposed Sale and Assumption/Assignment Order, which authorizes the
Sale to Epsilon, or alternatively, to the Successful Bidder at the
Auction, free and clear of liens, claims and encumbrances (other
than with respect to Assumed Liabilities) and the assumption and
assignment of the Assumed Agreements.

The Debtor additionally asks that the Court provide and require in
the Bidding Procedures Order that any and all objections to the
proposed Sale of Acquired Assets, and/or the Assumption and
Assignment of the Assumed Agreements to Epsilon or Rejection of the
Rejected Agreements under the APA must be made not later than 11:00
a.m. (ET) on a date which is not less than 1 business day prior to
the Hearing scheduled by the Court.

The Debtor respectfully submits its sale of the Acquired Assets to
Epsilon, subject to higher or better offers, under the APA, in
conjunction with its Assumption and Assignment of the Assumed
Agreements, is the best course of action for the Debtor.  The
Debtor believes that the Sale will garner the highest and/or best
offer available for the Acquired Assets.  Further, without the
sale, not only will the Debtor be incapable of reorganizing, but
also, there will be no funds available for distribution to the
Debtor's unsecured creditors.  Accomplishing a prompt, orderly
liquidation of the Acquired Assets through a Section 363 Sale will
ensure that the value of the Acquired Assets are maximized, and
that the Debtor will be able to pay a sizable (and depending on the
amount of claims that are ultimately allowed, perhaps even a 100%
distribution) to its nonlandlord unsecured creditors.

The Debtor, therefore, asks the Court's approval of the Sale, and
Assumption and Assignment, on an expedited basis before Jan. 23,
2017, so that the Unexpired Real Property Leases can be assumed and
assigned at a closing of the Sale to occur on Jan. 23, 2017.

The Debtor asks the Court to authorize its Sale of the Acquired
Assets free and clear of liens, encumbrances, and any interest in
such property of an entity other than the estate.  The Debtor only
has 2 secured creditors, to its knowledge: NFS and JPMorgan Chase
Bank, N.A.  NFS will be paid in full through by Epsilon in
connection with the termination of its lease such that the
underlying equipment can be transferred to Epsilon free and clear
of any claims by NFS, and free and clear of its security interest
on the Debtor's property.  JPMorgan, on the other hand, determined
to proceed by way of motion to lift stay (ECF Doc. No. 62), which
is scheduled for hearing on Jan. 12, 2017 at 10:00 a.m.

Due to the expediency with which the Debtor needs to execute the
Sale process, the Debtor asks that the Court waive the 14-day stay
of any order entered pursuant hereto as provided for under
Bankruptcy Rules 6004(h) or 6006(d) and that the Court make any
such order effective and enforceable immediately upon its entry on
the Court's docket.

The Purchaser:

          EPSILON US, INC.
          New Tech Park #06-01A, Lobby A
          151 Lorong Chuan
          Singapore 556741
          Attn: Jerzy Szlosarek

The Purchaser is represented by:

          Andrew M. Ray, Esq.
          Andrew J. Gallo, Esq.
          MORGAN, LEWIS & BOCKIUS LLP
          Washington, DC 20004

                  About Metcom Network Services

Metcom Network Services, Inc., is a New York corporation,
incorporated under the laws of the State of New York, with its
principal place of business at 60 Hudson Street, New York, New
York, Suites 1001 and 2303.  It is owned 50% by Mark DuMoulin, Sr.
and 50% by Susan Becker-DuMoulin.

The company is in the business of telecommunications, building and
local interconnection and engineering support, including the
colocation of customer equipment.  It acts as a primary provider of
extremely high capacity fiber optic connections between domestic
and international service providers that occupy space throughout
the Building located at the building.

A majority of the company's customers are themselves large, key
providers of internet and telephone services to the general public.
Its business is keyed to its location in a particular building,
since fiber optic building interconnection between the floors is
its main business.  At any moment in time, there are tens of
thousands of telephone calls and data connections active in the
circuits between the floors provided by the company within the
building. It has been building these connections and required
relationships in the building (and in other spaces that the Debtor
occupies) one by one for over 14 years.

The company has expended many years, all available resources and
knowledge derived from intimately getting to know and support
customer needs and to develop: (i) systems and software that allow
the Debtor to quickly market, sell, provide, install and maintain
all the interconnection facilities between internet and phone
providers; and (ii) web-based customer support systems, accessible
by its existing customers, that are highly specific and unique to
Building-based fiber-interconnection services, necessary for the
operation of its business.

Metcom Network Services sought protection under Chapter 11 of
the Bankruptcy Code (Bankr. S.D.N.Y. Case No. 16-11870) on June
28,
2016.  The petition was signed by Mark DuMoulin, Sr., president.
The Debtor is represented by Neil H. Ackerman, Esq., at Ackerman
Fox, LLP.  At the time of the filing, the Debtor estimated its
assets and liabilities at $1 million to $10 million.


MIDWEST ASPHALT: Case Summary & 20 Largest Unsecured Creditors
--------------------------------------------------------------
Debtor: Midwest Asphalt Corporation
        P.O. Box 5477
        Hopkins, MN 55343

Case No.: 17-40075

Chapter 11 Petition Date: January 12, 2017

Court: United States Bankruptcy Court
       District of Minnesota (Minneapolis)

Judge: Hon. Katherine A. Constantine

Debtor's Counsel: Thomas Flynn, Esq.
                  LARKIN HOFFMAN
                  8300 Norman Center Dr, Suite 1000
                  Bloomington, MN 55437
                  Tel: 952-896-3362
                  E-mail: tflynn@larkinhoffman.com

Estimated Assets: $10 million to $50 million

Estimated Debts: $10 million to $50 million

The petition was signed by Blair Bury, president.

Debtor's List of 20 Largest Unsecured Creditors:

   Entity                          Nature of Claim   Claim Amount
   ------                          ---------------   ------------
Commercial Asphalt Corporation                         $2,713,580
P.O. Box 1480
Osseo, MN
55311-6480

Dehn Oil                                                 $312,575
6735 141st Avenue NW
Ramsey, MN 55303

Cat Financial Commercial                                 $142,624

Twin City Outdoor Services                               $112,183

Ziegler, Inc.                                            $111,384

BMO Harris Bank NA                                       $100,464

Huhn Trucking, Inc.                                       $81,121

Kraus Anderson Capital, Inc.                              $75,167

Kusske Construction Co., LLC                              $74,356

WM Mueller & Sons, Inc.                                   $74,017

Creative Curb Contractors                                 $71,747

Lano Equipment Inc.                                       $68,780

Road Machinery & Supplies                                 $65,389

Union Leasing, Inc.                                       $62,380

North Country Conrete Inc.                                $58,066

Shaw Trucking Inc.                                        $50,476

Allstate Peterbilt                                        $46,178

Hart Bros Tire Company                                    $43,000

Kennametal Inc.                                           $37,309

Ron Kassa Construction                                    $35,941


MINI MASTER: Hires Luis R. Carrasquillo & Co. as Fin'l Consultant
-----------------------------------------------------------------
Mini Master Concrete Services, Inc., seeks authorization from the
U.S. Bankruptcy Court for the District of Puerto Rico to employ CPA
Luis R. Carrasquillo & Co. as financial consultant for Debtor.

The Debtor requires the Firm to assist in the restructuring of its
affairs by providing advice in strategic planning and the
preparation of schedules, the Debtor's  plan of reorganization,
disclosure statement, business plan, and participate in the
Debtor's negotiation with its creditors.

The Firm's accountants and professionals who will work on the
Debtor's case and their hourly rates are:

       Luis R. Carrasquillo              $175
       Marcelo Gutierrez                 $125
       Lionel Rodriguez Perez            $90
       Carmen Callejas Eehevarria        $85
       Alfredo J. Segarra                $80
       Other CPA's                       $90-$125
       Janet Marrero                     $45
       Iris L. Franqui                   $45

The Firm has received a retainer in the sum of $20,000.

Luis R. Carrasquillo, CPA, principal of CPA Luis R. Carrasquillo &
Co., assured the Court that the firm does not represent any
interest adverse to the Debtor and its estates.

The Firm may be reached at:

      Luis R. Carrasquillo, CPA
      CPA Luis R. Carrasquillo & Co.
      28 Street, #TI-26
      Turbo Gardens Avenue
      Caguas, PR 00725
      Tel: (787)746-4555
           (787)746-4556
      Fax: (787)746-4564
      E-mail: luis@cpacarrasquillo.com

                 About Mini Master Concrete Services

Mini Master Concrete Services, Inc. filed a Chapter 11 bankruptcy
petition (Bankr. D.P.R. Case No. 16-09956) on December 22, 2016.
Hon. Mildred Caban Flores over the case. Charles A. Cuprill, PCS
Law Offices represents the Debtor as counsel.

The Debtor disclosed total assets of $15.78million and total
liabilities of $5.46 million. The petition was signed by Carmen M.
Betancourt. president.


MY-WAY TRADING: U.S. Trustee Unable to Appoint Committee
--------------------------------------------------------
An official committee of unsecured creditors has not yet been
appointed in the Chapter 11 case of My-Way Trading, Inc., dba
Diversified Green Solutions, as of Jan. 12, 2017, according to a
court docket.

                     About My-Way Trading

My-Way Trading, Inc., doing business as Diversified Green
Solutions, is a plastics recycling business located in Richmond,
Indiana.

My-Way Trading filed a Chapter 11 petition (Bankr. S.D. Ind. Case
No. 16-09324) on Dec. 9, 2016.  The Debtor is represented by David
R. Krebs, Esq., at Hester Baker Krebs LLC.  The Debtor estimated
assets and liabilities at $500,001 to $1 million at the time of the
filing.


NAUGHTON PLUMBING: U.S. Trustee Unable to Appoint Committee
-----------------------------------------------------------
An official committee of unsecured creditors has not yet been
appointed in the Chapter 11 case of Naughton Plumbing Sales Co.,
Inc., as of Jan. 12, 2017, according to a court docket.

Naughton Plumbing Sales Co., Inc., an Arizona corporation, sells
plumbing, heating, and cooling supplies.

Naughton Plumbing filed a Chapter 11 petition (D. Ariz. Case No.
16-13201) on Nov. 17, 2016.  The petition was signed by Frank W.
Naughton, president.  The Debtor is represented by John C. Smith,
Esq., at Smith & Smith Law Offices, PLLC.  The case is assigned to
Judge Scott H. Gan.  The Debtor estimated assets and debt at $1
billion to $10 billion at the time of the filing.


NAVISTAR INT'L: Moody's Assigns Caa1 to $200MM Unsec. Notes Add-On
------------------------------------------------------------------
Moody's Investors Service assigned a Caa1 (LGD4) rating to Navistar
International Corporation's (Navistar) $200 million add-on to its
existing $1.2 billion 8.25% senior unsecured notes due 2021. "We
expect proceeds will be used to strengthen the company's liquidity
profile. Navistar's ratings are unaffected. These rating include:
B3 Corporate Family Rating (CFR), Caa2 senior subordinated note
rating, and SGL-3 Speculative Grade Liquidity (SGL) rating. The
outlook is stable," Moody's said.

RATINGS RATIONALE

Navistar's ratings reflects the continuing challenges the company
faces in re-establishing its competitive position and profitability
in the North American medium and heavy truck markets. These
challenges are illustrated by the need to: regain lost market
share; further reduce warranty expenses; and continue reducing cost
structure. In addition, the company continues to face prolonged
weak demand in Brazil.

Navistar, however, continues to show signs of progress in
contending with these challenges. Warranty expense declined to 2.7%
of revenues in 2016 from 7.7% in 2013 and cost reductions of over
$350 million in 2016 have led to substantial EBITDA margin
improvement. In addition, the strategic alliance announced in
September 2016 with Volkswagen Truck & Bus (VWT&B) will provide
increased liquidity, and the procurement joint venture and
technology partnership will allow for further material costs
savings and optimize development costs.

"We expect that Navistar will have adequate liquidity during the
coming twelve months. The company's principal sources of liquidity
are: $800 million in manufacturing-company cash and marketable
securities as of 31 October 2016; a $175 million ABL facility; and
free cash flow that will approximate breakeven for 2017. In
addition, it should receive an approximately $250 million equity
injection from VWT&B during the first calendar quarter of 2017.
Navistar has no debt obligations coming due until the October 2018
maturity of $200 million in convertible notes," Moody's said.

Navistar's ratings could be downgraded if there is a slow-down in
the progress the company is making in reducing costs, improving
market share, or lowering warranty costs. Free cash flow that does
not approximate breakeven and EBITA/interest below 1.0x could also
result in a ratings downgrade.

The rating could be upgraded if the company achieves solid progress
in implementing its broad operating initiatives and is on track for
achieving EBITA margin of 2.5% and EBITA/interest of 2.0x.


NEOVIA LOGISTICS: S&P Lowers CCR to 'CC' & Puts on Watch Neg.
-------------------------------------------------------------
S&P Global Ratings said that it lowered its corporate credit rating
on U.S.-based logistics provider Neovia Logistics L.P. and Neovia
Logistics Intermediate Holdings L.P. to 'CC' from 'CCC+' and placed
the ratings on CreditWatch with negative implications.

Neovia Logistics L.P. has announced a below-par cash tender and
exchange offer for its 10%/10.75% senior unsecured payment-in-kind
(PIK) toggle notes due 2018. "We consider this to be a distressed
exchange (and thus the equivalent of a default) based on the
transaction terms," S&P said.

At the same time, S&P lowered its issue-level rating on the senior
unsecured PIK toggle notes issued by Neovia's subsidiaries to 'C'
from 'CCC-' and placed the rating on CreditWatch with negative
implications.  The '6' recovery rating remains unchanged,
indicating S&P's expectation for minimal recovery (0%-10%) in the
event of a payment default.

In addition, S&P lowered its issue-level rating on the
$465 million senior secured notes maturing 2020 issued by the
company's subsidiaries to 'CC' from 'CCC+'.  The '4' recovery
rating remains unchanged, indicating S&P's expectation for average
(30%-50%; lower half of the range) recovery in the event of a
default.  S&P did not place its rating on the senior secured notes
on CreditWatch because S&P currently expects that the company will
continue to meet its obligations.

The downgrade follows Neovia's announcement of a cash tender offer
and exchange plan for its senior unsecured PIK toggle notes due
2018.  Under the terms of the offer, the company intends to use
capital contributed by its owners to retire $25 million in face
value of the bonds (at a tender price of 60%).  The remainder of
the notes would subsequently be exchanged for a combination of new
senior unsecured PIK toggle notes due 2020 and cash (70% in new
notes and 20% in cash).  In order to complete the proposed
transaction, the company would need at least 90% of its bondholders
to participate.  Neovia has also received covenant relief on its
revolving credit facility as part of this transaction.

S&P views the proposed transaction as a distressed exchange because
investors will receive less than what was promised on the original
securities.

S&P expects to lower its corporate credit rating on Neovia to 'SD'
and S&P's issue-level rating on the company's PIK notes to 'D' when
the distressed exchange is complete.  S&P anticipates that it will
maintain its 'CC' issue-level rating on the company's secured notes
following the exchange because S&P expects that Neovia will
continue to service the debt as originally contracted.

Following the conclusion of the exchange, S&P will review its
ratings based on the company's pro forma capital structure and will
assign a rating to the new HoldCo notes due 2020.


NEVADA GAMING: U.S. Trustee Forms Three-Member Committee
--------------------------------------------------------
Tracy Hope Davis, the U.S. Trustee for Region 17, on Jan. 12, 2017,
appointed three creditors of Nevada Gaming Partners, LLC, to serve
on the official committee of unsecured creditors.

The committee members are:

     (1) Aristocrat Technologies, Inc.
         Attn: Darrell Horton
         Director of Credit and Account Receivables, Finance
         7230 Amigo Street
         Las Vegas, NV 89119

     (2) Prevail Promotions
         Attn: Joey Paulos
         CEO
         10795 West Twain Avenue, Suite 106
         Las Vegas, Nevada 89135

     (3) State Restaurant Equipment
         Attn: Jeremy Welte
          Comptroller
         3163 S. Highland Drive
         Las Vegas, Nevada 89109

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 Nevada Gaming Partners

Headquartered in Las Vegas, Nevada, Nevada Gaming Partners, LLC, is
a gaming company that focuses on slot route operations, casino
operations and refurbishment of slot machines.  The Company
operated 429 slot machines throughout the State of Nevada via its
Slot Routes as of the bankruptcy filing date.  The Company is doing
business as Nevada Gaming Partners Management II, LLC, Nevada
Gaming Centers, Nevada Gaming Partners Management II, Sarah's
Kitchen, Nevada Gaming Partners, Evolve Gaming Management and
Klondike Sunset Casino.

Nevada Gaming Partners, LLC, filed a Chapter 11 bankruptcy petition
(Bankr. D. Nev. Case No. 16-15521) on Oct. 12, 2016.  The petition
was signed by Bruce Familian, manager.  The Debtor is represented
by Brett A. Axelrod, Esq., and Micaela Rustia Moore, Esq., at Fox
Rothschild LLP.  Judge Laurel E. Davis presides over the case.  The
Debtor estimated $1 million to $10 million in both assets and
liabilities.


NEW YORK CRANE: Bernadette Panzella Tries To Block Disclosures OK
-----------------------------------------------------------------
Unsecured creditor Bernadette Panzella, P.C., filed with the U.S.
Bankruptcy Court for the Eastern District of New York a statement
and joinder to the objections filed by the Official Committee of
Unsecured Creditors, United States Steel Corporation, and Zurich
American Insurance Company against New York Crane & Equipment
Corp., et al.'s amended disclosure statement.

Bernadette Panzella agrees to the Committee, United States Steel
and Zurich American's claim that the Amended Disclosure Statement
is inadequate and materially misleading.  Bernadette Panzella adds
that, among others:

     a. the main debtor is James F. Lomma, and the Debtors'
        statements alleging otherwise are demonstrably false.  Mr.
      
        Lomma was held 61% personally liable for the deaths of
        Donald Christopher Leo and Ramadan Kurtaj and caused
        serious personal injuries to others and $20 million in
        property damage when his 24-year old Kodiak tower crane
        fatally collapsed on May 30, 2008.  Bernadette Panzella
        says that there is much more evidence against Mr. Lomma
        that the jurors heard during the trial that led to the
        verdicts and awards including punitive damages against Mr.

        Lomma, but none of these facts were provided in the
        Debtors' Amended Disclosure Statement.  The Debtors,
        according to Bernadette Panzella, chose to present only
        their positions on the appeals of the Leo & Kurtaj
        Wrongful Death Verdicts and Awards, specifically including

        punitive damages, thus, failing to provide essential
        information to creditors, warranting denial of approval of

        the Amended Disclosure Statement;

     b. there are no "managers" making decisions for the Debtors.

        There is only Mr. Lomma making all the decisions.  The
        Debtors' misleading references to the Debtors' alleged
        "managers" is patently false.  There are no
        certifications, declarations or affidavits from the
        Debtors' retained financial advisors, accountants,
        sometime comptroller, and corporate counsel included in
        the Amended Disclosure Statement.  There are only the bald

        assertions of Mr. Lomma;

      c. Mr. Lomma's bankruptcy attorneys cannot be the
        "disbursing agent" under any circumstances and for many
        reasons including conflicts of interest.  Mr. Lomma was
        told in March 2016 to have his own attorneys in these
        proceedings because there are "conflicts" between Mr.
        Lomma and his debtor companies;

     d. Frank Kearney cannot have any right to vote on the
        Debtors' Amended Plan, but it is Mr. Lomma's plan to have
        his insider be the proverbial "ringer" and vote in favor
        of Mr. Lomma's patently unconfirmable plan;

     e. the Debtors' Amended Plan doesn't explain, much less
        justify, the post-petition purchase of $21 million in new
        cranes while at the same time reporting a utilization rate

        of 30% to 40% of cranes in Mr. Lomma's inventory;

     f. Mr. Lomma's 341 is not yet completed.  Each time he
        appears, a new asset is adimitted -- albeit following
        denial by Mr. Lomma which is then followed by
        confrontation with a document;

     g. Mr. Kearney's 2004 examination is also not complete;

     h. Mr. Lomma's accountants, Gilmore Gilmore & Graham have not

        yet submitted to a 2004 examination;

     i. Class 2 claimants are not identified and no amount is
        provided; and

     j. no commitment for financing from any financial institution

        is included in the Amended Disclosure Statement.

Bernadette Panzella's Objection is available at:

           http://bankrupt.com/misc/nyeb16-40043-682.pdf

As reported by the Troubled Company Reporter on Dec. 21, 2016, the
Debtors filed with the Court an amended disclosure statement
describing their amended plan of reorganization, which sets forth
five separate scenarios illustrating how and when payments will be
made to creditors depending upon the final resolution and
determination of the Debtor's appeals from the wrongful death
judgments.  The Judgments, in the gross amount of approximately
$95.5 million were entered in favor of the respective estates of
Donald Leo and Ramadan Kurtaj, in the so-called 91st Street Crane
Litigation.

Bernadette Panzella is represented by:

     Bernadette Panzella, Esq.
     Bernadette Panzella, P.C.
     American Felt Building
     114 East 13th Street, Studio 5A
     New York, New York 10003
     Tel: (212) 995-5353
     E-mail: BernadettePanzellaPC@yahoo.com

                About New York Crane

New York Crane & Equipment Corp., J.F. Lomma, Inc. (De.), J.F.
Lomma, Inc. (N.J.), and James F. Lomma filed Chapter 11 bankruptcy
petitions (Bankr. E.D.N.Y. Case Nos. 16-40043, 16-40044, 16-40045
and 16-40048, respectively) on Jan. 6, 2016.  The petitions were
signed by James F. Lomma as president. New York Crane & Equipment
disclosed total assets of $9.8 million and total debts of $22.05
million.  Judge Carla E. Craig presides over the cases.

The Debtors hire Goldberg Weprin Finkel Goldstein LLP as their
counsel; LaMonica Herbst & Maniscalco, LLP as special counsel;
Robert L. Friedbauer CPA PC as accountant; Marcum LLP as financial
advisor; and Pro Star Pilatus Center LLC as Broker in relation to
an Aircraft Remarketing Agreement.

James Lomma is the president and sole shareholder of the corporate
Debtors.  The Debtors employ LaMonica Herbst & Maniscalco, LLP as
special litigation and conflicts counsel to James F. Lomma.

The corporate Debtors operate crane, trucking and rigging companies
doing business in New York City and other parts of the country.

On Jan. 8, 2016, an order was entered providing for the joint
administration of these related Chapter 11 cases.

An official committee of unsecured creditors has been appointed.
The Committee has tapped Togut, Segal & Segal LLP as its counsel.


NORTEL NETWORKS: Solus, PointState Try To Block Disclosures OK
--------------------------------------------------------------
Noteholders Solus Alternative Asset Management LP and PointState
Capital LP, filed with the U.S. Bankruptcy Court for the District
of Delaware an objection to Nortel Networks Inc., et al.'s first
amended joint Chapter 11 plan.

The NNCC Noteholders are holders of certain fixed rate senior notes
due June 15, 2026 (the 7.875% Notes) issued by Nortel Networks
Capital Corporation fka Northern Telecom Corporation and Nortel
Networks Limited fka Northern Telecom Limited, and guaranteed by
NNL, pursuant to an indenture, dated Feb. 15, 1996.

The NNCC Noteholders claim that the fees and expenses asserted by
the NNCC Bonds Indenture Trustee totaling approximately $7.8
million for the period from Jan. 14, 2009, through Sept. 30, 2016,
will negate the benefits the NNCC Noteholders secured under the
Plan following hardfought negotiations.  Litigation over the
reasonableness of professional fees is anathema to the NNCC
Noteholders.  While they will continue to endeavor to resolve the
dispute consensually, absent a resolution before the confirmation
hearing, the NNCC Noteholders request that the confirmation court
order include these procedures to resolve this dispute:

     a. the sum of $3.75 million, that is (i) the Asserted Fees
        (approximately $8 million) less (ii) the $4.25 million
        available under the Plan pursuant to Section 7.13 will be
        held back from distributions to holders of the 7.875%
        Notes and placed in a segregated account;   

     b. consistent with Section 7.13 of the Plan -- which requires

        that the Indenture Trustee's fees must be reasonable and
        documented -- the Indenture Trustee will not exercise a
        charging lien with respect to the amounts distributed to
        holders of the 7.875% Notes and will not deduct any
        portion of those funds to pay the Asserted Fees unless and

        until the Court enters an order determining the portion of

        the Asserted Fees that is allowable under the indenture
        and applicable law;

     c. the Indenture Trustee and the NNCC Noteholders will agree
        on an appropriate briefing schedule for submitting the
        issue to the Court for decision; and  

     d. no portion of either the Plan Fee Consideration or the
        Trustee -- Fee Holdback will be released to the Indenture
        Trustee, and the Indenture Trustee will not assert any
        charging lien or otherwise use distributions to pay the
        Asserted Fees unless and until the Court enters the
        trustee-fee approval order.

The Proposed Fee Procedures inure to the benefit of the Indenture
Trustee, the NNCC Noteholders, and the NNI estate (which has a
residual interest in the Plan Fee Consideration).  Without these
procedures, the Indenture Trustee will simply satisfy its $8
million claim and require the NNCC Noteholders and the NNI estate
to pursue it for refunds.  Accordingly, the NNCC Noteholders
request that the Confirmation Order include these protections.

According to the NNCC Noteholders, Asserted Fees are unreasonable
and constitute:   

     a. on information and belief, approximately twice the amount
        asserted by the indenture trustee for the Crossover Bonds
        -- The Bank Of New York -- who is responsible for debt
        that is twenty times greater than the 7.875% Notes, i.e.,
        nearly $3.5 billion in face amount, and is also a member
        of the Creditors' Committee; and  

     b. 5% of the Plan recovery of holders of the 7.875% Notes.

To the extent the Asserted Fees were incurred by the Indenture
Trustee in its capacity as a member of the Creditors' Committee,
then they should not be charged to holders of the 7.875% Notes, the
NNCC Noteholders say.  The Creditors' Committee owes a fiduciary
duty to all unsecured creditors -- not just holders of the 7.875%
Notes.

According to the NNCC Noteholders, 90% of the NNCC Notes have at
all relevant times been held by two institutions, and at no point
during the cases did the Indenture Trustee provide a budget,
estimate, work plan, or fee update to the two NNCC Noteholders.

The Objection is available at:

           http://bankrupt.com/misc/deb09-10138-17687.pdf

NNCC Noteholders is represented by:

     Joanne Pileggi Pinckney, Esq.
     Seton C. Mangine, Esq.
     PINCKNEY, WEIDINGER, URBAN & JOYCE LLC
     3711 Kennett Pike, Suite 210  
     Greenville, Delaware 19807   
     Tel: (302) 504 1497
     E-mail: jpinckney@pwujlaw.com
             smangine@pwujlaw.com

          -- and --  

     James C. Tecce, Esq.
     Daniel S. Holzman, Esq.
     QUINN, EMANUEL, URQUHART & SULLIVAN LLP  
     52 Madison Avenue, 22nd Floor  
     New York, New York 10010  
     Tel: (212) 849-7000
     E-mail: jamestecce@quinnemanuel.com
             danielholzman@quinnemanuel.com

                      About Nortel Networks

Headquartered in Ontario, Canada, Nortel Networks Corporation and
its various affiliated entities provided next-generation
technologies, for both service provider and enterprise networks,
support multimedia and business-critical applications.  Nortel did
Networks Limited was the principal direct operating subsidiary of
Nortel Networks Corporation.

On Jan. 14, 2009, Nortel Networks Inc.'s ultimate corporate parent
Nortel Networks Corporation, NNI's direct corporate parent Nortel
Networks Limited and certain of their Canadian affiliates commenced
a proceeding with the Ontario Superior Court of Justice under the
Companies' Creditors Arrangement Act (Canada) seeking relief from
their creditors.  Ernst & Young was appointed to serve as monitor
and foreign representative of the Canadian Nortel Group.  That same
day, the Monitor sought recognition of the CCAA Proceedings in U.S.
Bankruptcy Court (Bankr. D. Del. Case No. 09-10164) under Chapter
15 of the U.S. Bankruptcy Code.

That same day, NNI and certain of its affiliated U.S. entities
filed voluntary petitions for relief under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. D. Del. Case No. 09-10138).

In addition, the High Court of England and Wales placed 19 of NNI's
European affiliates into administration under the control of
individuals from Ernst & Young LLP.  Other Nortel affiliates have
commenced and in the future may commence additional creditor
protection, insolvency and dissolution proceedings around the
world.

On May 28, 2009, at the request of administrators, the Commercial
Court of Versailles, France, ordered the commencement of secondary
proceedings in respect of Nortel Networks S.A.  On June 8, 2009,
Nortel Networks UK Limited filed petitions in U.S. Bankruptcy Court
for recognition of the English Proceedings as foreign main
proceedings under Chapter 15.

U.S. Bankruptcy Judge Kevin Gross presides over the Chapter 11 and
15 cases.  Mary Caloway, Esq., and Peter James Duhig, Esq., at
Buchanan Ingersoll & Rooney PC, in Wilmington, Delaware, serves as
Chapter 15 petitioner's counsel.

In the Chapter 11 case, James L. Bromley, Esq., and Howard S.
Zelbo, Esq., at Cleary Gottlieb Steen & Hamilton, LLP, in New York,
serve as the U.S. Debtors' general bankruptcy counsel; Derek C.
Abbott, Esq., at Morris Nichols Arsht & Tunnell LLP, in Wilmington,
serves as Delaware counsel.  The Chapter 11 Debtors' other
professionals are Lazard Freres & Co. LLC as financial advisors;
and Epiq Bankruptcy Solutions LLC as claims and notice agent.

The U.S. Trustee appointed an Official Committee of Unsecured
Creditors in respect of the U.S. Debtors.

An ad hoc group of bondholders also was organized.  An Official
Committee of Retired Employees and the Official Committee of
Long-Term Disability Participants tapped Alvarez & Marsal
Healthcare Industry Group as financial advisor.  The Retiree
Committee is represented by McCarter & English LLP as Delaware
counsel, and Togut Segal & Segal serves as the Retiree Committee.
The Committee retained Alvarez & Marsal Healthcare Industry Group
as financial advisor, and Kurtzman Carson Consultants LLC as its
communications agent.

Several entities, particularly, Nortel Government Solutions
Incorporated and Nortel Networks (CALA) Inc., have material
operations and are not part of the bankruptcy proceedings.

As of Sept. 30, 2008, Nortel Networks Corp. reported consolidated
assets of $11.6 billion and consolidated liabilities of $11.8
billion.  The Nortel Companies' U.S. businesses are primarily
conducted through Nortel Networks Inc., which is the parent of
majority of the U.S. Nortel Companies.  As of Sept. 30, 2008, NNI
had assets of about $9 billion and liabilities of $3.2 billion,
which do not include NNI's guarantee of some or all of the Nortel
Companies' about $4.2 billion of unsecured public debt.

Since the commencement of the various insolvency proceedings,
Nortel has sold its business units and other assets to various
purchasers.  Nortel has collected roughly $9 billion for
distribution to creditors.  Of the total, $4.5 billion came from
the sale of Nortel's patent portfolio to Rockstar Bidco, a
consortium consisting of Apple Inc., EMC Corporation,
Telefonaktiebolaget LM Ericsson, Microsoft Corp., Research In
Motion Limited, and Sony Corporation.  The consortium defeated a
$900 million stalking horse bid by Google Inc. at an auction.  The
deal closed in July 2011.

Nortel has filed a proposed plan of liquidation in the U.S.
Bankruptcy Court.  The Plan generally provides for full payment on
secured claims with other distributions going in accordance with
the priorities in bankruptcy law.

The trial on how to divide proceeds among creditors in the U.S.,
Canada, and Europe commenced on Sept. 22, 2014.  The question of
how to divide $7.3 billion raised in the international bankruptcy
of Nortel Networks Corp. was answered on May 12, 2015, by two
judges, one in the U.S. and one in Canada.

According to The Wall Street Journal, Justice Frank Newbould of the
Ontario Superior Court of Justice in Toronto and Judge Kevin Gross
of the U.S. Bankruptcy Court in Wilmington, Del., agreed on the
outcome: a modified pro rata split of the money.


NORTH CENTRAL FLORIDA YMCA: Wells Fargo Wants to Prohibit Cash Use
------------------------------------------------------------------
Wells Fargo Bank, N.A., asks the U.S. Bankruptcy Court for the
Northern District of Florida to prohibit The North Central Florida
YMCA, Inc., to use cash collateral, unless adequate protection of
Wells Fargo's security interest in the collateral is granted.

Wells Fargo relates that the Debtor owes it in excess of
$3,531,684, pursuant to three Promissory Notes.  Wells Fargo
further contends that the indebtedness is secured by a lien on all
of the Debtor's property including the proceeds of such property.
Wells Fargo adds that it has perfected, valid, binding and
non-avoidable first priority liens, on real property located in
Alachua County, Florida, as well as perfected, valid, binding and
non-avoidable first priority liens and security interests, on all
of the Debtor's personal property including all accounts, deposit
accounts, inventory, contract rights, insurance policies,
furniture, fixtures and equipment.

Wells Fargo tells the Court that the Debtor has not filed any
motion for an order authorizing the use of Cash Collateral and does
not have the authorization of Wells Fargo to such use.  Wells Fargo
further tells the Court that the Debtor has failed and refused,
despite the repeated request of Wells Fargo’s counsel
telephonically and by email for assurances, to commit that it has
not and will not spend Wells Fargo’s Cash Collateral.

A full-text copy of Wells Fargo Bank's Motion, dated Jan. 9, 2017,
is available at
http://bankrupt.com/misc/NorthCentral2016_1610293kks_18.pdf

Wells Fargo Bank, N.A., is represented by:

          James H. Post, Esq.
          Nicholas W. Morcom, Esq.
          SMITH HULSEY & BUSEY
          225 Water Street, Suite 1800
          Jacksonville, FL 32202
          Telephone: (904) 359-7700
          E-mail: jpost@smithhulsey.com
                  nmorcom@smithhulsey.com

            About The North Central Florida YMCA

The North Central Florida YMCA, Inc., based in Gainesville, FL,
filed a Chapter 11 petition (Bankr. N.D. Fla. Case No. 16-10293) on
Dec. 14, 2016.  The petition was signed by Michele F. Martin,
vice-chair.  The Debtor is represented by Michele Martin, Esq., at
Pastore & Dailey, LLC.  The case is assigned to Judge Karen K.
Specie.  The Debtor disclosed $3.49 million in assets and $4.30
million in liabilities.


NORTH CENTRAL YMCA: Wants to Use Wells Fargo Cash Collateral
------------------------------------------------------------
The North Central Florida YMCA, Inc. requests the United States
Bankruptcy Court Northern District of Florida for authorization to
use cash collateral.

The Debtor continues to manage and operate its business, the YMCA
located in Gainesville, Florida, as debtor-in-possession.  The
Debtor intends to use approximately $101,685 of cash collateral per
month in order to pay its monthly operating expenses.

The Debtor entered into a Mortgage and Security Agreement with
Wells Fargo Bank, N.A., pursuant to which, Wells Fargo was granted
liens on the Debtor's property, including the proceeds thereof.
The Debtor intends on offering replacement liens to Wells Fargo in
order to protect its interest on the cash collateral.

A full-text copy of the Debtor's Motion, dated January 8, 2017, is
available at https://is.gd/t6tCzP

Wells Fargo Bank, N.A. can be reached at:

          WELLS FARGO BANK, N.A.
          Independent Drive 8th Floor
          Jacksonville, FL 32202


           About The North Central Florida YMCA

The North Central Florida YMCA, Inc. filed a Chapter 11 petition
(Bankr. N.D. Fla. Case No. 16-10293), on December 14, 2016.  The
Petition was signed by Michele F. Martin, vice-chair.  The case is
assigned to Judge Karen K. Specie.  The Debtor is represented by
Michele Martin, Esq., at Pastore & Dailey LLC.  The Debtor
disclosed total assets of $3.49 million and total liabilities of
$4.30 million.


NUTRITION RUSH: EOS Buying Equipment for $22K
---------------------------------------------
Nutrition Rush, LLC, asks the U.S. Bankruptcy Court for the
District of Nevada to authorize the sale of its cooler equipment
located in retail stores to EOS Fitness Brand, LLC for a total
minimum sale price of $22,400.

A hearing on the Motion is set for Feb. 21, 2017 at 9:30 a.m.

The Debtor is a health supplement retailer, operating in Nevada,
Arizona, and California.  It owns and maintains commercial-grade
coolers ("Equipment") located in their retailer stores for their
inventory.

The Debtor has several lease agreements with the Buyer.  The Buyer
has agreed to purchase the Equipment currently located in retail
stores leased with the Buyer.  Importantly, the Debtor will no
longer be operating its business in those retail stores and no
longer has a need for the Equipment for sale.

A copy of the list of Equipment for sale and its corresponding
prices attached to the Motion is available for free at:

       http://bankrupt.com/misc/Nutrition_Rush_41_Sales.pdf

The Debtor's decision to sell the Equipment for sale to the Buyer
is supported by the Debtor's sound business judgment and will
benefit the Debtor's estate.  It would be easier and economical for
the Debtor to the Buyer, rather than moving the Equipment for sale
in other retail stores they are maintaining.  Accordingly, the
Debtor asks the Court to approve the sale of the Equipment free and
clear of all liens, claims, encumbrances and interests.

                    About Nutrition Rush

Nutrition Rush, LLC, filed a Chapter 11 petition (Bankr. D. Nev.
Case No. 16-16771) on Dec. 22, 2016.  The Petition was signed
by Laura Kuveke, managing member.  The case is assigned to Judge
Laurel E. Davis.  The Debtor is represented by Bryan A. Lindsey,
Esq. and Samuel A. Schwartz, Esq., at Schwartz Flansburg PLLC.  At
the time of filing, the Debtor estimated $500,000 to $1 million in
assets and $1 million to $10 million in liabilities.


OLIVE BRANCH: Seeks to Use Porrazzo, Bascom Cash Collateral
-----------------------------------------------------------
Olive Branch Real Estate Development, LLC, asks the U.S. Bankruptcy
Court for the District of New Hampshire for authorization to use
cash collateral.

The Debtor seeks to use the proceeds of its accounts, sales, rent
and other cash collateral to pay the mortgage, costs and expenses
listed in its proposed Budget, for the period beginning Jan. 1,
2017 and ending Jan. 31, 2017.

The Debtor relates that the cash collateral consists of
approximately $0 in cash and the real estate located at 323 US
Route 3, Holderness, New Hampshire, valued at $255,510.  The Debtor
further relates that the sole cash collateral lien holder relative
to the Holderness, New Hampshire property is the secured
co-creditors, Louis A. Porrazzo and James Bascom.

Mr. Porrazzo and Mr. Bascom have a lien on the Debtor's business
assets and real estate located at 832 Route 3, Holderness, New
Hampshire.  

The Debtor tells the Court that it has no cash with which to
operate other than cash collateral.  The Debtor further tells the
Court that such cash is necessary to pay operating expenses and
payments and monthly mortgage payments.  The Debtor adds that it
cannot continue its operations without the use of cash collateral
because like any other operating company, the Debtor must pay its
invoices as they come due.

The Debtor's proposed Budget, for the period Jan. 1, 2017 through
Jan. 31, 2017, provides for total expenses in the amount of $3,300.


The Debtor proposes to grant Mr. Porrazzo and Mr. Bascom with a
replacement lien on the estate's postpetition accounts receivable
and the cash proceeds thereof, with the same priority, validity,
and enforceability as such existing liens on the prepetition cash
collateral.

The Debtor relates that its budget demonstrates the property does
not generate sufficient positive cash flow from its operations to
meet all of its postpetition operating and other expenses however
the principal of Debtor has stated that he will contribute funds
to, maintain its levels of accounts receivable and inventory, and
generate surplus cash.  The Debtor further relates that based on
its budget, the value of the Debtor's cash collateral will remain
the same and not decrease from the commencement of the proceeding,
to the end of the Budget Period.  The Debtor asserts that Porrazzo
and Bascom will be adequately protected by the proposed grant of
replacement liens.

A full-text copy of the Debtor's Motion, dated Jan. 9, 2017, is
available at
http://bankrupt.com/misc/OliveBranch2016_1611444bah_62.pdf

A full-text copy of the Debtor's proposed Budget, dated Jan. 9,
2017, is available at
http://bankrupt.com/misc/OliveBranch2016_1611444bah_62_1.pdf

           About Olive Branch Real Estate Development

Olive Branch Real Estate Development, LLC, is a real estate
development company with a principal address of 832 Route 3, Unit
#1, Holderness, New Hampshire.  It is owned and operated by Gerard
M. Healey.  The business has been in operation since 2011.

Olive Branch filed a Chapter 11 petition (Bankr. D.N.H. Case No.
16-11444) on Oct. 13, 2016.  The petition was signed by Gerard M.
Healey, managing member.  The Debtor is represented by S. William
Dahar II, Esq., at Victor W. Dahar, P.A.  At the time of filing,
the Debtor estimated assets at $0 to $50,000 and liabilities at
$100,000 to $500,000.


OLYMPIA OFFICE: U.S. Trustee Unable to Appoint Committee
--------------------------------------------------------
An official committee of unsecured creditors has not yet been
appointed in the Chapter 11 cases of Olympia Office LLC's
affiliates as of Jan. 11, according to a court docket.

The affiliates are WA Portfolio LLC, Mariners Portfolio LLC, and
Seahawk Portfolio LLC.

                      About Olympia Office

Olympia Office LLC, based in Cedarhurst, NY, filed a Chapter 11
petition (Bankr. E.D.N.Y. Case No. 16-74892) on October 20, 2016.
The petition was signed by Sung II Han, vice president.  Judge Alan
S. Trust presides over the case.

In its petition, Olympia Office estimated $10 million to $50
million in both assets and liabilities.

Olympia Office's affiliates WA Portfolio LLC, Mariners Portfolio
LLC and Seahawk Portfolio LLC sought Chapter 11 protection (Bankr.
E.D.N.Y. Case Nos. 16-75515 to 16-75517) on November 28, 2016.  The
petitions were signed by Scott G. Switzer, chief operating officer.
Judge Robert E. Grossman presides over the case of WA Portfolio.
The two other cases are assigned to Judge Trust.

At the time of the filing, the three Olympia affiliates estimated
their assets at $10 million to $50 million and debts at $50 million
to $100 million.

Jordan Pilevsky, Esq., at Lamonica Herbst & Maniscalco LLP, serves
as bankruptcy counsel.


PALMER FARMS: Unsecureds To Get Pro Rata Share from $10K/Yr. Funds
------------------------------------------------------------------
Palmer Farms, Incorporated and its affiliated Debtors filed with
the U.S. Bankruptcy Court for the District of Arizona a disclosure
statement in support of the Debtors' joint plan of reorganization
dated January 2017.

Class 12 - General Unsecured Claims will share pro rata in funds
contributed by the Debtors on the Effective Date of $10,000.  The
Debtors will make distributions to the unsecured claims from Marco
and Elena Palmer's disposable income, but in an amount not less
than $10,000 per year.  Class 12 Claims holders will receive the
same treatment as Class 13 claim holders.

The Debtors' business operations have been funded from the income
generated by the harvest of certain cotton.  The Debtors have
obtained financing from DMK Living Trust for the wheat crop.  The
Debtors are currently negotiating financing for the 2017 cotton
crop and are negotiating with various parties to provide for custom
feeding in the cattle yard.  The funding for future years will come
from the net profits of the operations of Palmer Farms and Palmer
Cattle and the salaries received by Marco and Elena Palmer.

The Disclosure Statement is available at:

           http://bankrupt.com/misc/azb16-10202-157.pdf

                 About Palmer Farms, Incorporated

Palmer Farms, Incorporated, Palmer Cattle, LLC, Marco Duane Palmer
and Elena Pavlovna Palmer filed Chapter 11 petitions (Bankr. D.
Ariz. Case Nos. 16-10202, 16-10201, and 16-10206, respectively) on
Sept. 2, 2016.  The petition was signed by Marco D. Palmer,
manager.

Palmer Farms and Palmer Cattle are represented by Michael McGrath,
Esq., Isaac D. Rothschild, Esq., and Jeffrey J. Coe, Esq., at Mesch
Clark Rothschild. Marco D. and Elena P. Palmer are represented by
Dennis J. Clancy, Esq., at Raven, Clancy & McDonagh, P.C.

At the time of filing, the Debtors estimated assets at $500,000 to
$1 million and liabilities at $1 million to $10 million.  The case
is assigned to Judge Brenda Moody Whinery.

Marco and Elena Palmer are husband and wife and live in Thatcher,
Arizona.  Marco is a fifth generation farmer who has farmed in
Thatcher for over 40 years.  Marco Palmer is the former
vice-president of the irrigation district in Thatcher, Arizona.  In
about 2010, the Palmers expanded into cattle ranching.


PALOSKI SALON: Unsecureds To Get 100% Over 10 Years
---------------------------------------------------
Paloski Salon & Spa, LLC, doing business as Shapes & Colours Day
Spa, filed with the U.S. Bankruptcy Court for the Northern District
of New York a disclosure statement explaining its plan of
reorganization.

Under the Debtor's proposed plan, the Debtor will assume the
existing lease for its premises at 65 Wolf Road and assume a
Covenant Not to Compete with Denise Svendsen.  All past due
payments have been brought current and the Debtor will be current
on the Effective Date of the plan, and thereafter the Debtor will
pay payments as due under both the Lease and the Covenant Not to
Compete.

All priority tax claims will be paid on a 4-year amortization, 3%
interest basis, with the first payment due on the Effective Date.

The Debtor has identified one secured creditor, American Express
Bank, FSB, and will pay that obligation off at $600 per month as
set forth in a Cash Collateral Stipulation and Order.

Unsecured creditors will receive a 100% payment on allowed claims
over 10 years with the first payment to be on the first anniversary
of the Effective Date of the Plan, for a total recovery. The Debtor
estimates allowed unsecured creditor' claims will be approximately
$275,000.

The Debtor believes that its income is sufficient to make all
payments required under its plan.

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

     http://bankrupt.com/misc/nynb16-11325-1-64.pdf

                 About Paloski Salon & Spa

Paloski Salon and Spa, LLC, filed a Chapter 11 bankruptcy petition
(Bankr. N.D.N.Y. Case No. 16-11325) on July 20, 2016.  The
petition
was signed by Kelly Paloski, member.  The Debtor is represented
by
Richard L. Weisz, Esq., at Hodgson Russ LLP.  At the time of
filing, the Debtor had estimated both assets and liabilities at
$100,000 to $500,000 each.


PARADISE MEDSPA: U.S. Trustee Unable to Appoint Committee
---------------------------------------------------------
An official committee of unsecured creditors has not yet been
appointed in the Chapter 11 case of Paradise Medspa, PLLC, as of
Jan. 12, 2017, according to a court docket.

Paradise Medspa PLLC and Paradise Medspa & Wellness PLLC filed
Chapter 11 petitions (Bankr. D. Ariz. Case No. 16-13065) on
November 15, 2016.  The petitions were signed by Rebecca Weiss
Glasow, member.  The Debtors are represented by Randy Nussbaum,
Esq., at Nussbaum Gillis & Dinner, P.C.  The cases are assigned to
Judge Madeleine C. Wanslee.  Paradise Medspa PLLC estimated assets
at $50,000 to $100,000 and liabilities at $1 million to $10
million.  Paradise Medspa & Wellness PLLC estimated both assets and
liabilities at $0 to $50,000.


PAROLE BESTGATE: Can Use Elizon DB Cash Collateral Until Feb. 28
----------------------------------------------------------------
Judge David E. Rice of the U.S. Bankruptcy Court for the District
of Maryland authorized Parole Bestgate LLC to use cash collateral
until February 28, 2017.

Elizon DB Transfer Agent LLC asserts that it has a valid perfected
first priority lien on the Collateral.  The Debtor is indebted to
Elizon DB in the principal amount of $6,946,849 as of October 15,
2016, plus accrued interest and attorneys' fees.  The Debtor
granted Elizon DB first priority security interests and liens in
leases, rents, income, profits, and contracts.

The approved budget covers the period from December 1, 2016 through
February 28, 2017, and provides total operating disbursements in
the aggregate sum of $133,486.

The Debtor was directed to make monthly payments of $13,000 to
Elizon DB, which amounts may be applied to obligations owed under
the Loan Documents at Elizon DB's discretion.

Elizon DB was granted a continuing, valid, binding, enforceable
perfected post-petition security interest, in and to all assets of
the Debtor, real or personal, whether currently existing or after
acquired, and the proceeds of the foregoing.

The Debtor was directed to maintain insurance at all times, in the
form and to the extent required under the Loan Documents and, upon
the request of Elizon DB, the Debtor will provide Elizon DB with
proof of such insurance.

The Debtor's authority to use cash collateral will terminate upon
the earlier of:

       (a) February 28, 2017;

       (b) entry by the Court of an order denying authorization to
use the Cash Collateral; or

       (c) an Event of Default as follows:

                     (i) use or transfer of Cash Collateral in
excess of the amounts permitted under the Budget, the Order, or for
purposes not specifically authorized under the Budget;

                     (ii) entry of an order providing for the
conversion of this case to a chapter 7 case or for dismissal
thereof;

                     (iii) lapse of adequate loss insurance on the
Collateral; and

                     (iv) material failure to keep or observe any
other provision of the Order.

A full-text copy of the Consent Order, dated January 10, 2017, is
available at https://is.gd/9589uv

Elizon DB Transfer Agent LLC is represented by:

            David G. Sommer, Esq.
            Anatoly Smolkin, Esq.
            GALLAGHER EVELIUS & JONES LLP
            218 N. Charles Street, Suite 400
            Baltimore, MD 20201

                 About Parole Bestgate LLC

Parole Bestgate LLC owns and operates a commercial office building
located in Annapolis, Maryland.

James Joseph Sokolis filed an involuntary Chapter 11 petition for
Parole Bestgate LLC (Bankr. D. Md. Case No. 16-11840) on Feb. 17,
2016.  The case is assigned to Judge David E. Rice.  On March 29,
2016, the Court entered an Order for relief in the Chapter 11
case.

The Debtor is represented by Michael J. Lichtenstein, Esq. and
Megan A. Raker, Esq., at Shulman, Rogers, Gandal, Pordy & Ecker,
P.A., of Potomac, Maryland.


PEABODY ENERGY: Newport Buying DTA Ownership Interest for $10M
--------------------------------------------------------------
Peabody Energy, Corp., and affiliates ask the U.S. Bankruptcy Court
for the Eastern District of Missouri to authorize bidding
procedures in connection with the sale by James River Coal
Terminal, LLC and Peabody Terminal, LLC, of their 37.5% ownership
interest in Dominion Terminal Associates ("DTA") to Newport News
Terminal Associates, LLC, for $10,000,000, subject to overbid.

A hearing on the Motion is set for Jan. 26, 2017 at 10:00 a.m.  The
objection deadline is Jan. 19, 2017.

The Debtor Sellers own an aggregate 37.5% share in DTA.  DTA is a
Virginia general partnership.  DTA operates a coal export and
ground storage facility at the Port of Hampton Roads on the East
Bank of the James River in Newport News, Virginia.  DTA exports
coal primarily to Asian, European and South American markets.

Prior to the filing of the Motion, and beginning approximately in
September 2016, the Debtors' investment banker, Lazard Freres &
Co., LLC, marketed the Asset with the goal of obtaining a Stalking
Horse Bid ("Initial Marketing Process").  The Initial Marketing
Process included: (a) reaching out to 32 potential bidders, (b) the
execution of 10 confidentiality agreements that allowed the Debtors
and Lazard to share pertinent information regarding the asset to
potential bidders and (c) the receipt of four initial offers.

As part of the Initial Marketing Process, Lazard contacted each
other entity ("DTA Partners") that also owns an interest in DTA.
One of DTA Partners executed a confidentiality agreement and
received the bidding information.  The other DTA Partner chose not
to participate in the sale process.  Neither DTA Partner submitted
any offer for the Asset.  At the conclusion of the Initial
Marketing Process, the Debtors determined the Stalking Horse Bidder
had submitted the highest and best bid for the Asset to date.

The Debtors propose to conduct the sale of the Asset through the
Bidding Procedures to ensure that their estates realize the maximum
value for the Asset.  To optimally and expeditiously solicit,
receive and evaluate bids in a fair and accessible manner, the
Debtors have developed the Bidding Procedures to govern the Sale
Process.  The Debtors request that the Court approve the proposed
Sale Process and the Bidding Procedures.

The material terms of the Bidding Procedures are:

   a. The Stalking Horse Bidder has placed a "Stalking Horse Bid"to
acquire the Asset pursuant to that certain Asset Purchase Agreement
dated Jan. 12, 2017.  The Stalking Horse Bid will be subject to
higher and better offers to acquire the Asset.  To facilitate a
competitive, value-maximizing Sale, the Debtor Sellers are
requesting authority, in the exercise of their business judgment
and in accordance with the Bidding Procedures, to offer the
Stalking Horse Bidder a Break-Up Fee of $200,000 or 2% of the
Stalking Horse Bid and reimbursement of the Stalking Horse Bidder's
reasonable fees and expenses in an amount no greater than $150,000
("Expense Reimbursement") ("Bid Protections").

   b. Bid Deadline:  March 2, 2017 at 4:00 p.m. (CT)

   c. Good Faith Deposit: At least 10% of the purchase price
proposed in the Qualified APA.

   d. Contain a written statement that the Bidder agrees to be
bound by the terms of the Bidding Procedures and the Bidding
Procedures Order and include a commitment that the Bidder will (a)
commence and complete all filings with respect to necessary
government and other approvals within 3 days following the entry of
the Sale Order and (b) consummate the purchase of the Asset by
April 15, 2017.

   e. The Debtors may extend the Bid Deadline until the start of
any Auction for one or more bidders without further notice.

   f. Notice of Qualified Bidders: A Bid that satisfies each of the
Bid Requirements, as determined in the Debtors' reasonable business
judgment, will constitute a "Qualified Bid" by a "Qualified
Bidder."  The Debtors will notify each Qualified Bidder that such
party is a Qualified Bidder within 2 days after the Bid Deadline.

   g. Auction: In the event the Debtors receive more than one
Qualified Bid, there will be an Auction on March 6, 2017 at 10:00
a.m. (E) at Jones Day, 901 Lakeside Avenue, Cleveland.  The
Stalking Horse APA will serve as the "Baseline Bid" at the
commencement of the Auction.

   h. Minimum Overbid: An amount no less than $450,000 greater than
the total consideration contained in the Stalking Horse Bid.

   i. Incremental Bid Amount: Subject to the Minimum Overbid,
Qualified Bidders will submit successive bids in increments to be
determined by the Debtors at the Auction.

   j. Proceeds: All valid and properly perfected liens against the
Asset will attach to the net proceeds of the Sale.

   k. No Qualified Bids: If the Debtors do not receive any
Qualified Bids with respect to the Asset, other than the Stalking
Horse Bid, the Debtors will report the same to the Court and
promptly proceed to seek the entry of the appropriate orders
approving the sale to the Stalking Horse Bidder.

To incentivize the Stalking Horse Bidder to complete the Stalking
Horse APA and to serve as Stalking Horse Bidder, the Debtors have
determined, in an exercise of their sound business judgment, to
provide the Stalking Horse Bidder with the Bid Protections in the
event that the Stalking Horse Bidder is not the Successful Bidder
at the auction.  Accordingly, the Debtors ask the Court to
authorize them to pay the Stalking Horse Bidder the Break-Up Fee
and the Expense Reimbursement in accordance with the terms of the
Stalking Horse APA.

To facilitate the Sale and the assumption and assignment of the
executory contracts and unexpired leases to be assumed and assigned
to the Successful Bidder(s) ("Assumed and Assigned Contracts"), the
Debtors propose to serve the Assumption and Assignment Notice as
soon as practicable after the entry of the Bidding Procedures
Order.  The Debtors request that the Court approve the procedures
for fixing any cure amounts owed in connection with the Assumed and
Assigned Contracts.

The Debtors submit that it is an exercise of their sound business
judgment to assume and assign the Assumed and Assigned Contracts to
the purchaser in connection with the Sale, and the assumption,
assignment and sale of Assumed and Assigned Contracts is in the
best interests of the Debtors, their estates and their creditors.
Accordingly, the Court should authorize the Debtor Sellers to
assume and assign the Assumed and Assigned Contracts as set forth.

The Debtors believe that the Bidding Procedures provide a framework
for the sale of the Asset that will enable the Debtors to review,
analyze and compare, in a relatively uniform fashion, all offers
received to determine which offer is the highest or otherwise best
and in the best interests of the Debtors' estates and creditors.
Accordingly, the Debtors ask that the Court approve the Bidding
Procedures.

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

          http://bankrupt.com/misc/Peabody_Energy_1964_Sales.pdf

As soon as is practicable following the conclusion of the Auction,
the Debtors will file the definitive purchase and sale agreement
for the Successful Bid.  The Debtors intend to present the
Successful Bid(s) to the Court at the Sale Hearing.  The Debtors
will be deemed to have accepted a Bid only when the Bid has been
approved by the Court at the Sale Hearing.  Upon the failure to
consummate the Sale after the Sale Hearing because of the
occurrence of a breach, default or termination by the proposed
purchaser under the terms of the Successful Bid, the Backup
Successful Bid will be deemed the Successful Bid without further
order of the Court, and the parties will be authorized to
consummate the transaction contemplated by the Backup Successful
Bid.

Following the approval of the Successful Bid(s) at the Sale
Hearing, the Debtor Sellers will be authorized to take any and all
actions necessary and appropriate to facilitate the Closing of the
Sale and implement the transactions contemplated by the Successful
Bid(s).

All objections to the relief requested in the proposed Bidding
Procedures Order (including any objection that the Assigned
Contracts may not be assumed and assigned by the Debtor Sellers to
the Successful Bidder due to any right of first refusal, consent
right or other similar restriction) must be submitted on Jan. 19,
2017 at  4:00 p.m. (CT).

All objections to the Sale, the assumption and assignment of the
Assumed and Assigned Contracts (other than any objection that the
Assigned Contracts may not be assumed and assigned by the Debtor
Sellers to the Successful Bidder due to any right of first refusal,
consent right or other similar restriction) and any other relief
requested in the Motion other than the relief granted by the Court
in the Bidding Procedures Order, must be submitted on March 2, 2017
at 4:00 p.m.

Because of the potentially diminishing value of the Asset, the
Debtor Sellers must close the sale free and clear of all liens,
claims, interests and encumbrances promptly after all closing
conditions have been met or waived.  Accordingly, the Debtors ask
the Court that the 14-day stay period be eliminated to allow a sale
or other transaction to close immediately where there has been no
objection to the procedure.

The Purchaser:

          Ernie L. Thrasher, CEO
          NEWPORT NEWS TERMINAL ASSOCIATES, LLC
          One Energy Place, Suite 9000
          Latrobe, PA 15650
          E-mail: ernie.thrasher@xcoal.com

The Purchaser is represented by:

          Bradley E. Smith, Esq.
          MCCANN GARLAND RIDALL & BURKE
          816 Ligonier Street, Suite 600
          Latrobe, PA 15650
          E-mail: bsmithmgrb@comcast.net

                   - and -

          Charlie Carpenter, Esq.
          David Hammerman, Esq.
          LATHAM & WATKINS LLP
          885 Third Avenue
          New York, NY 10022
          Facsimile: (212) 751-4864
          E-mail: charlie.carpenter@lw.com
                  david..hammerman@lw.com

                 About Peabody Energy Corporation

Headquartered in St. Louis, Missouri, Peabody Energy Corporation
claims to be the world's largest private-sector coal company.  As
of Dec. 31, 2014, the Company owned interests in 26 active coal
mining operations located in the United States (U.S.) and
Australia.  The Company has a majority interest in 25 of those
mining operations and a 50% equity interest in the Middlemount
Mine
in Australia.  In addition to its mining operations, the Company
markets and brokers coal from other coal producers, both as
principal and agent, and trade coal and freight-related contracts
through trading and business offices in Australia, China, Germany,
India, Indonesia, Singapore, the United Kingdom and the U.S.

Peabody posted a net loss of $1.988 billion for 2015, wider from
the net loss of $777 million in 2014 and the $513 million net loss
in 2013.

At Dec. 31, 2015, the Company had total assets of $11.02 billion
against $10.1 billion in total liabilities, and stockholders'
equity of $919 million.

On April 13, 2016, Peabody Energy Corp. and 153 affiliates filed
voluntary petitions for relief under Chapter 11 of the United
States Bankruptcy Code.  The 154 cases are pending joint
administration before the Honorable Judge Barry S. Schermer under
(Bankr. E.D. Mo. Case No. 16-42529).

As of the Petition Date, PEC has approximately $4.3 billion in
outstanding secured debt obligations and $4.5 billion in
outstanding unsecured debt obligations.

The Debtors tapped Jones Day as general counsel; Armstrong,
Teasdale LLP as local counsel; Lazard Freres & Co. LLC and
investment banker Lazard PTY Limited as investment banker; FTI
Consulting, Inc., as financial advisors; and Kurtzman Carson
Consultants, LLC, as claims, ballot and noticing agent.

The Office of the U.S. Trustee on April 29, 2016, appointed seven
creditors of Peabody Energy Corp. to serve on the official
committee of unsecured creditors.  The Committee retained Morrison
& Foerster LLP as counsel, Spencer Fane LLP as local counsel,
Curtis, Mallet-Prevost, Colt & Mosle LLP as conflicts counsel,
Blackacre LLC as its independent expert, and Berkeley Research
Group, LLC, as financial advisor.


PELICAN INLET: Disclosure Statement Conditionally Approved
-----------------------------------------------------------
Judge Caryl E.Delano of the U.S. Bankruptcy Court for the Middle
District of Florida issued an order conditionally approving the
disclosure statement filed by Pelican Inlet Aqua Farms, Inc.

Any written objections to the disclosure statement must be filed
with the Court and served no later than seven days prior to the
date of the hearing on confirmation.

The Court will conduct a hearing on confirmation of the plan,
including timely filed objections to confirmation, objections to
the disclosure statement, motions for cramdown, applications for
compensation, and motions for allowance of administrative claims on
Feb. 22, 2017 at 11:00 a.m. in Ft. Myers, FL - Room 4-117,
Courtroom E, U.S Courthouse, 2110 First Street.

Parties in interest must submit their written ballot accepting or
rejecting the plan no later than 8 days before the date of the
Confirmation Hearing.

Objections to confirmation must be filed no later than seven days
before the date of the Confirmation Hearing.

The Plan Proponent must file a ballot tabulation no later than 96
hours prior to the time set for the Confirmation Hearing.
 
               About Pelican Inlet Aqua Farms

Pelican Inlet Aqua Farms, Inc. sought protection under Chapter 11
of the Bankruptcy Code (Bankr. M. D. Fla. Case No. 15-07446) on
July 20, 2015.  The petition was signed by William Edwin
Connery,
president.  

At the time of the filing, the Debtor disclosed $4.3 million in
assets and $3.7 million in liabilities.


PENN GAMING: Moody's Assigns B2 Rating to New $400MM Unsec. Notes
-----------------------------------------------------------------
Moody's Investors Service assigned a B2 rating to Penn National
Gaming, Inc.'s (Penn) proposed $400 million senior unsecured notes
due 2027. Proceeds from the note offering will be used to fund the
refinancing of the company's existing $300 million senior unsecured
notes.

Penn has a Ba3 Corporate Family Rating, Ba3-PD Probability of
Default Rating, and a Ba2 rating on its senior secured credit
facilities. The company also has an SGL-2 Speculative Grade
Liquidity rating and a stable rating outlook.

"The B2 rating on Penn's proposed senior unsecured notes considers
the significant amount of senior secured debt that will be ahead of
it in the company's pro forma debt capital structure," stated Keith
Foley, a Senior Vice President at Moody's. "This note offering
follows the Penn's recent announcement that it is in the process of
refinancing its existing credit facilities with $1.5 billion of new
credit facilities," added Foley.

Penn's proposed bank and note refinancing is largely neutral in
terms of total debt amount, however it is a credit positive in that
it will extend the company's nearest funded debt maturity out to
2022 from 2018," added Foley.

Penn commenced a cash tender offer for any and all of the $300
million aggregate outstanding principal amount of its 5.875% senior
unsecured notes due 2021. The company also called these existing
notes for redemption and intends to redeem any notes not tendered
with proceeds from its new credit facilities and senior note
offerings.

The following summarizes the rating action:

Assignments:

Issuer: Penn National Gaming, Inc.

Senior Unsecured Regular Bond/Debenture, Assigned B2 (LGD5)

RATING RATIONALE

Penn's Ba3 Corporate Family Rating is supported by its large size
in terms of revenue, high level of geographic diversification,
Moody's stable US gaming industry outlook, and the operating and
financial benefits Moody's believes are available to Penn through
the company's relationship with Gaming & Leisure Properties, Inc.
(GLPI, Ba1 stable), a real estate investment trust. Penn benefits
from its relationship with GLPI in that it can present
opportunities for Penn to secure management contracts from new
assets at GLPI.

Key credit concerns include Penn's high leverage. While Moody's
expects that leverage will continue to improve, Moody's believes it
will remain above 5.0 times in the foreseeable future, a level
considered high for a Ba3 Corporate Family Rating. Penn's
debt/EBITDA for the 12-month period ended September 30, 2016 was
slightly above 6.0 times. Other concerns include the long-term
fundamental challenges facing regional gaming companies related to
consumer entertainment preferences and US population demographics
that Moody's believes will continue to move in a direction that
does not favor traditional casino-style gaming.

The stable rating outlook considers Moody's expectation that Penn
will apply its free cash flow in a manner that will enable the
company to achieve and maintain its publically stated debt/EBITDA
leverage target of between 5.0 times and 5.5 times. An upgrade
would require that Penn demonstrate the ability and willingness to
achieve and maintain debt/EBITDA below 5.0 times. A downgrade could
occur if Moody's believes Penn's debt/EBITDA will rise and be
maintained above 6.0 times for any reason.

Penn National Gaming, Inc. owns, operates twenty-seven facilities
in seventeen jurisdictions, including Florida, Illinois, Indiana,
Kansas, Maine, Massachusetts, Maryland, Mississippi, Missouri,
Nevada, New Jersey, New Mexico, Ohio, Pennsylvania, Texas, West
Virginia, and Ontario. Net revenue for the latest 12-month period
ended September 30, 2016 was about $3.0 billion.


PENN NATIONAL: S&P Assigns 'B+' Rating on New $400MM Unsec. Notes
-----------------------------------------------------------------
S&P Global Ratings assigned its 'B+' issue-level rating to
Wyomissing, Pa.–based gaming operator Penn National Gaming Inc.'s
proposed $400 million senior unsecured notes due 2027.  The
recovery rating is '3', indicating S&P's expectation for meaningful
recovery (50%-70%; upper half of the range) for noteholders in the
event of a payment default.  Penn National plans to use the
proceeds of the notes issuance, along with proceeds from its
previously proposed $1.5 billion credit agreement, to refinance the
company's existing credit facilities and unsecured notes.

All other ratings, including S&P's 'B+' corporate credit rating,
are unchanged.

                        RECOVERY ANALYSIS

Key analytical factors:

S&P assigned its 'B+' issue-level and '3' recovery rating to Penn
National's proposed $400 million senior unsecured notes due 2027.
The '3' recovery rating reflects S&P's expectation for meaningful
(50%-70%; upper half of the range) recovery for noteholders in the
event of a payment default.

S&P also recently assigned its 'BB' issue-level and '1' recovery
rating to Penn National's proposed $1.5 billion senior secured
credit facility.  The '1' recovery rating reflects S&P's
expectation for very high (90% to 100%) recovery for lenders in the
event of a payment default.

S&P's simulated default scenario contemplates a default in 2021
driven by prolonged economic weakness, significantly greater
competitive pressures in the company's various markets, and a
sharply reduced interest in gaming as a form of entertainment.  In
addition, S&P believes the large fixed rent payment to GLPI reduces
operating flexibility, potentially leading to greater cash flow
volatility.

S&P assumes a reorganization at default and that the revolver is
85% drawn at the time of default.

Simulated default assumptions:

   -- Year of default: 2021
   -- EBITDA at emergence: $259 mil.
   -- EBITDA multiple: 6.5x

Simplified waterfall:

   -- Net enterprise value (after 5% admin. costs): $1.60 bil.
   -- Secured debt: $1.34 bil.
      -- Recovery expectation: 90% to 100%
   -- Senior unsecured debt: $412 mil.
      -- Recovery expectation: 50% to 70% (upper half of the
      range)

RATINGS LIST

Penn National Gaming Inc.
Corporate Credit Rating               B+/Stable/--

New Rating

Penn National Gaming Inc.
Senior Unsecured
$400 mil. notes due 2027              B+
  Recovery Rating                      3H


PETROQUEST ENERGY: MacKay Shields Holds 7.7% Stake as of Dec. 31
----------------------------------------------------------------
MacKay Shields LLC disclosed in an amended Schedule 13G filed with
the Securities and Exchange Commission that as of Dec. 31, 2016, it
beneficially owns 1,633,296 shares of common stock of PetroQuest
Energy Inc. representing 7.71 percent of the shares outstanding.  A
full-text copy of the regulatory filing is available for free at
https://is.gd/bcbSp3

                        About PetroQuest

PetroQuest Energy, Inc., is an independent energy company engaged
in the exploration, development, acquisition and production of oil
and natural gas reserves in East Texas, Oklahoma, South Louisiana
and the shallow waters of the Gulf of Mexico.  PetroQuest's common
stock trades on the New York Stock Exchange under the ticker PQ.

In its quarterly report for the period ending June 30, 2016, the
Company stated, "Our substantially decreased level of capital
spending has had and is expected to continue to have a negative
impact on our production and cash flow from operating activities.
We expect production to continue to decline throughout 2016 and
when combined with current commodity prices and our existing cost
structure, including 10% interest expense on the $280 million of
debt represented by our 2017 Notes and 2021 Notes, we believe that
we will continue to incur significant losses and negative cash flow
from operating activities for the remainder of 2016.  In addition,
$136 million of the indebtedness represented by our 2017 Notes will
mature on September 1, 2017 and would be reflected as a current
liability on our September 30, 2016 balance sheet if not refinanced
prior to the filing of our Quarterly Report on Form 10-Q for the
quarterly period ended September 30, 2016, which would raise
substantial doubt about our ability to continue as a going
concern," the Company stated in its quarterly report for the period
ended June 30, 2016.

"We are evaluating additional sources of liquidity including asset
sales, joint ventures, exchange offers and alternative financing
arrangements to replace the Credit Agreement, but there is no
assurance that these sources will provide sufficient, if any,
incremental liquidity.  We are also evaluating various options to
address the September 2017 maturity of our 2017 Notes as well as
assessing our overall capital structure.  These options include
additional public or private exchanges of 2017 Notes for new
secured debt and/or common stock, refinancing the 2017 Notes with
unsecured debt and/or common stock as well as a broader
restructuring of our 2017 and 2021 Notes.  To assist the Board of
Directors and management team in evaluating these options, we have
retained Jefferies LLC and Seaport Global as our financial advisors
and Porter Hedges LLP as our legal advisor.  There is no assurance
that any refinancing or debt or equity restructuring will be
possible or that additional equity or debt financing can be
obtained on acceptable terms, if at all.  If we are unable to
improve our liquidity position, and refinance or restructure our
debt, we may seek bankruptcy protection to continue our efforts to
restructure our business and capital structure.  As a part of that
process, we may have to liquidate our assets and may receive less
than the value at which those assets are carried on our
consolidated financial statements."

As of Sept. 30, 2016, Petroquest had $174.4 million in total
assets, $411.2 million in total liabilities and a total
stockholders' deficit of $236.8 million.

                       *     *     *

PetroQuest Energy carries a 'Caa3' corporate family rating from
Moody's Investors Service.

In October 2016, S&P Global Ratings raised the corporate credit
rating on PetroQuest Energy Inc. to 'CCC' from 'SD'.  "The upgrade
reflects our reassessment of the company's corporate credit rating
following the exchange of the majority of its outstanding 10%
senior unsecured notes due September 2017 at par," said S&P Global
Ratings credit analyst Daniel Krauss.  The negative outlook
reflects the company's current debt leverage levels, which S&P
views to be unsustainable, as well as its less than adequate
liquidity position.


PIONEER BREAKER: Can Continue Using JPMorgan Cash Collateral
------------------------------------------------------------
Judge Tony M. Davis of the U.S. Bankruptcy Court for the Western
District of Texas authorized Pioneer Breaker & Control Supply, Co.,
to continue using JP Morgan Chase Bank, NA's cash collateral, on an
interim basis.

Judge Davis acknowledged that the Debtor's use of cash collateral
will prevent substantial harm to the Debtor's estate, as it will
minimize disruption of the Debtor's business and operations, will
permit the Debtor to meet its operating expenses, and will allow
the Debtor to obtain needed inventory and otherwise operate its
business.

The Debtor was authorized to use Cash Collateral to pay actual
expenses in accordance the approved Budget, which projects total
operating expenses at $337,012 for the period January 4, 2017
through April 7, 2017.

The Debtor's authorization to use Cash Collateral includes
retroactive approval of payment of the items indicated as already
paid and approved by the Court, and the items that were paid on or
prior to the date January 4, 2017, which expenditures totaled
$62,914.

JP Morgan holds perfected security interests and liens in all or
substantially all of the Debtor's property, including, but not
limited to all of the Debtor's rights, title and interests in all
accounts, accounts receivable derived from or are used in
connection with the property of the Debtor, as well as all of the
Debtor's rights, title and interests in all inventory, machinery,
instruments, notes, equipment, furniture, furnishings, and
fixtures.  

The Debtor was directed to provide JP Morgan with a written
accounting of all expenses and receipts on a monthly basis.  The
Debtor was also directed to provide to JP Morgan with the reports
and information specified in the prepetition agreements between the
parties at the times such report and information are required to be
provided, access to the Debtor's books, records, and management
personnel upon reasonable request during normal business hours.  

JP Morgan was granted valid, perfected, and enforceable replacement
security interests in and liens, to the same extent and priority as
its pre-petition liens, upon all categories of property of the
Debtor and its estate, upon which JP Morgan held valid, perfected
and enforceable prepetition liens, security interests, and all
proceeds, rents, products, or profits thereof, including, without
limitation, the Collateral owned by the Debtor as of the Petition
Date.

In addition, the Debtor will pay JP Morgan on the first day of the
month, the payment due under the JP Morgan secured note, which
payment is variable each month, in the approximate amount of
$4,100.

Judge Davis held that to the extent the hold on the Debtor's Paypal
account funds had not been removed, Paypal was directed to release
to the Debtor any pre- and post- chapter 11 payments/credits held
by Paypal currently or in the future, and due to the Debtor,
whether created before or after Debtor's September 21, 2016 chapter
11 petition was filed. Paypal was further directed to release such
funds whether or not New Era Lending, LLC authorizes such release
or hold removal.

The Debtor was ordered to pay New Era monthly adequate protection
payments in the amount of $300.  New Era was granted valid,
perfected, and enforceable replacement security interests in and
liens, to the same extent and priority as its pre-petition liens,
upon all categories of property of the Debtor and its estate,
whether now existing of hereafter acquired or arising, upon which
New Era held valid, perfected and enforceable prepetition liens,
security interests, and all proceeds, rents, products, or profits
thereof, owned by Debtor as of the Petition Date.

A full-text copy of the Agreed Order, dated January 5, 2017, is
available at https://is.gd/SRN9SE

         About Pioneer Breaker & Control Supply, Co.

Pioneer Breaker & Control Supply, Co. filed a Chapter 11 petition
(Bankr. W.D. Tex. Case No. 16-11095), on Sept. 21, 2016.  The
petition was signed by Elod Tamas Toldy, president.  The case is
assigned to Judge Tony M. Davis.  The Debtor is represented by
William T. Peckham, Esq., at the Law Office of William T. Peckham.
At the time of filing, the Debtor disclosed $501,000 in total
assets and $1.58 million in total liabilities.

The Debtor engaged Bradley R. McGrew, CPA as accountant.


PIONEER CARRIERS: Taps Baker & Associates as Legal Counsel
----------------------------------------------------------
Pioneer Carriers, LLC seeks approval from the U.S. Bankruptcy Court
for the Southern District of Texas to hire legal counsel in
connection with its Chapter 11 case.

The Debtor proposes to hire Baker & Associates to give legal advice
regarding its duties under the Bankruptcy Code, assist in the
preparation of a bankruptcy plan, and provide other legal
services.

The hourly rates charged by the firm are:

     Reese Baker            $450
     Karen Rose             $300
     Ryan Lott              $275
     Richard Brady          $450
     Paralegals      $125 - $150

Reese Baker, Esq., the attorney designated to represent the Debtor,
disclosed in a court filing that he is a "disinterested person" as
defined in section 101(14) of the Bankruptcy Code.

Baker & Associates can be reached through:

     Reese W. Baker, Esq.
     Baker & Associates
     5151 Katy Freeway, Suite 200
     Houston, TX 77002
     Phone: (713) 869-9200
     Fax: (713) 869-9100
     Email: courtdocs@bakerassociates.net

                     About Pioneer Carriers

Pioneer Carriers, LLC sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. S. D. Texas Case No. 16-36356) on December
12, 2016.  The petition was signed by Pedro Lagos, president.  

The case is assigned to Judge Jeff Bohm.

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


PRESTIGE BRANDS: S&P Affirms 'B+' CCR, Off CreditWatch Negative
---------------------------------------------------------------
S&P Global Ratings affirmed its 'B+' corporate credit rating on
Tarrytown, N.Y.-based Prestige Brands Inc.  The outlook is
negative.

At the same time, S&P removed all its issue-level ratings from
CreditWatch, where S&P placed them with negative implications on
Dec 23, 2016.  S&P assigned its 'BB-' issue-level rating to the
proposed $740 million senior secured term loan.  The recovery
rating is '2', reflecting S&P's expectation for substantial
(70% to 90%, higher end of the range) recovery in the event of a
payment default.  

S&P lowered its issue-level rating on the existing senior secured
debt to 'BB-' from 'BB'.  The recovery rating is revised to '2'
from '1', reflecting S&P's expectation of substantial (70% to 90%,
higher end of the range) recovery in the event of a payment
default.  S&P also lowered its issue-level rating on the existing
senior unsecured debt to 'B-' from 'B'.  The recovery rating is
revised to '6' from '5', reflecting S&P's expectation for
negligible (0% to 10%) recovery in the event of a payment default.

Despite higher debt levels and weaker credit measures, the
corporate credit rating affirmation reflects S&P's view that
Prestige Brands will successfully integrate the Fleet acquisition
and apply free cash flow for debt reduction to improve its credit
protection measures over the next two to three years.  This
includes S&P's forecast for leverage to decline to the mid-5x area
by the end of fiscal-year 2018 (ending March 31) from the low-6x
area pro forma the Fleet transaction.  The negative outlook
reflects the deterioration of Prestige Brands' credit metrics
because of its proposed acquisition of Fleet.  S&P estimates pro
forma adjusted debt to EBITDA will increase to the low-6x area from
4.9x currently.  S&P could still lower the ratings if the
integration does not proceed as planned or if credit measures do
not strengthen over the next year.  This could occur if sales are
weaker than expected despite increased brand spending, which S&P
believes could result in reduced cash flow generation and leverage
remaining around 6x.

"We lowered the ratings and revised our recovery ratings on
Prestige's debt because of the increased debt levels.  The negative
outlook reflects the higher debt levels and weaker credit measures
that will result from Prestige Brands' proposed acquisition of
Fleet.  We forecast debt to EBITDA in the low-6x area pro forma for
the transaction.  We expect the company to apply free cash flow for
debt reduction to improve its credit measures, including debt to
EBITDA in the mid-5x area by the end of fiscal 2018.  We could
lower the rating if the integration does not proceed as planned or
if credit measures do not strengthen over the next year.  This
could occur if sales are weaker than expected despite increased
brand spending, which we believe could result in reduced cash flow
generation and leverage remaining around 6x," S&P said.

S&P will consider revising its outlook to stable if profitability
remains solid and the company applies free cash flow to debt
reduction such that credit measures strengthen, including improving
debt to EBITDA to below 5.5x and trending toward 5x.


RADIOSHACK CORP: Former Lender Starts Firm to Bet on Retail Turmoil
-------------------------------------------------------------------
Lauren Coleman-Lochner, writing for Bloomberg News, reported that a
former lender to RadioShack Corp. and a one-time chief executive
officer of Frederick's of Hollywood are teaming up to provide a new
source of funding to retailers, aiming to capitalize on upheaval at
shopping malls.

According to the report, Andy Moser and Thomas J. Lynch, two
industry veterans, are starting a Boston-based firm called Scargo
Hill Capital that will make asset-based loans to consumer
companies.  The founders expect to work with emerging businesses
that may not be able to get a loan from a traditional bank, in
addition to providing a lifeline to struggling chains, the report
related.

Retail dislocation, spurred in part by the rise of e-commerce, has
created opportunities for new lenders to step in, the report
further related.  A decline in mall traffic has left many chains
fighting to survive, and yet, many have brands that still resonate
with consumers and could live on with the right support, the report
said.

With consumer spending habits changing so rapidly, "there's plenty
of turmoil in the market for us to focus on," Moser said in an
interview, the report added.

While asset-based lending has tended to focus on distressed
companies, emerging retailers often have similar profiles, Moser
said, the report related.  They lack a history of solid financial
performance but need capital to expand their businesses, the report
said.  Scargo Hill also will target loans to smaller suppliers and
merchants that have been getting squeezed by consolidation, he
said, the report added.

                    About RadioShack Corporation

Headquartered in Fort Worth, Texas, RadioShack was a retailer of
mobile technology products and services, as well as products
related to personal and home technology and power supply needs.
RadioShack's retail network includes more than 4,300 company-
operated stores in the United States, 270 company-operated
stores in Mexico, and approximately 1,000 dealer and other outlets
worldwide.

RadioShack Corp. and affiliates sought Chapter 11 protection
(Bankr. D. Del. Lead Case No. 15-10197) on Feb. 5, 2015,
disclosing total assets of $1.2 billion, versus total debt of $1.3
billion.

David G. Heiman, Esq., Greg M. Gordon, Esq., Amanda M. Suzuki,
Esq., Jonathan M. Fisher, Esq., Thomas A. Howley, Esq., and Paul
M. Green, Esq., at Jones Day served as the Debtors' bankruptcy
counsel.  David M. Fournier, Esq., Evelyn J. Meltzer, Esq., and
John H. Schanne, II, Esq., at Pepper Hamilton LLP served as
co-counsel.

Carlin Adrianopoli at FTI Consulting, Inc. is the Debtors'
restructuring advisor.  Maeva Group, LLC, is the Debtors'
turnaround advisor. Lazard Freres & Co. LLC is the Debtors'
investment banker.  A&G Realty Partners is the Debtors' real
estate advisor.  Prime Clerk is the Debtors' claims and noticing
agent.

The Official Committee of Unsecured Creditors tapped Quinn Emanuel
Urquhart & Sullivan, LLP and Cooley LLP as co-counsel, and
Houlihan Lokey Capital, Inc., as financial advisor and investment
banker.  

                           *     *     *

After an auction in March 2015, the Debtors sold most of the
assets to General Wireless, Inc., an entity formed by Standard
General, L.P., for $150 million.  The Debtors also sold Mexican
assets to Office Depot de Mexico, S.A. de C.V., for $31.8 million
plus the assumption of debt.  Regal Forest Holding Co. Ltd. bought
the Debtors' intellectual property assets in Latin America for a
purchase price of $5,000,000.

In June 2015, the Debtors changed their name to RS Legacy
Corporation, et al., following the sale of the Company's brand
name and customer data to General Wireless.

The bankruptcy judge on Oct. 2, 2015, issued an order confirming
the first amended joint plan of liquidation of the Debtors.  The
centerpiece of the Plan is the resolution of various disputes
among the Debtors, the Creditors' Committee and the SCP Secured
Parties.

The Plan was declared effective on Oct. 7, 2015.


RENNOVA HEALTH: Sabby Healthcare Reports 3.8% Stake as of Dec. 31
-----------------------------------------------------------------
In an amended Schedule 13G filed with the Securities and Exchange
Commission, Sabby Healthcare Master Fund, Ltd. and Sabby Volatility
Master Fund, Ltd., disclosed that they beneficially own 2,250,705
and 1,526,586 shares of Rennova Health's common stock,
respectively, representing approximately 3.87% and 2.63% of the
Common Stock, respectively, as of Dec. 31, 2016.  Sabby Management,
LLC and Hal Mintz each beneficially own 2,899,752 shares of the
Common Stock, representing approximately 4.99% of the Common Stock.


Sabby Management, LLC and Hal Mintz do not directly own any shares
of Common Stock, but each indirectly owns 2,899,752 shares of
Common Stock.  Sabby Management, LLC, a Delaware limited liability
company, indirectly owns 2,899,752 shares of Common Stock because
it serves as the investment manager of Sabby Healthcare Master
Fund, Ltd. and Sabby Volatility Warrant Master Fund, Ltd., Cayman
Islands companies.  Mr. Mintz indirectly owns 2,899,752 shares of
Common Stock in his capacity as manager of Sabby Management, LLC.

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

                   https://is.gd/14qFLS

                      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."


RESCUE ONE: Seeks Authorization to Use IRS Cash Collateral
----------------------------------------------------------
Rescue One Ambulance seeks authorization from the U.S. Bankruptcy
Court for the Central District of California for the emergency use
of the cash collateral of the Internal Revenue Service.

The Debtor does not own any real property, and generates income
from its transportation business.  The Debtor relates that its
business is its primary asset, which is currently well-managed and
generating a positive cash flow.

The principal liability of the Debtor is its obligation owed to the
IRS for unpaid taxes in the secured amount of approximately
$659,391 and unsecured amount of approximately $127,275.

The Debtor's recent operating results and future projections
indicate that it will continue and improve over the next year,
providing ample adequate protection to the interest of the IRS.
Nonetheless, the Debtor agrees to make adequate protection payments
to the IRS while the Debtor formulates its Chapter 11 Plan of
reorganization.

The Debtor's proposed six-month Budget projects total operating
expenses of $1,051,702 for the period from January 2017 through
June 2017.

The Debtor asserts that it should be authorized to use cash
collateral because its continued operations and the concomitant use
of cash collateral will preserve the value of the cash collateral
and of the business which will be beneficial to the estate and the
IRS.

The Debtor tells the Court that its next payroll is due on January
13, 2017, and in the event that wages are not timely paid, it will
result in an immediate shortage in staff and an irreversible
adverse impact on the Debtor's revenue, which will possibly
jeopardize the Debtor's plan of reorganization, and eventually
result in irreparable reputational damage and asset values.  

The Debtor further tells the Court that its business requires that
it must provide its clients with the highest quality of service due
to the competitive nature of the ambulance transportation business.
As such, the Debtor must pay its employees and daily operating
expense on a timely basis in order to retain its clients and bring
in additional revenue, which will ultimately be used in formulating
a Chapter 11 plan of reorganization.

A full-text copy of the Debtor's Motion, dated January 10, 2017, is
available at https://is.gd/66nYzo


                 About Rescue One Ambulance

Rescue One Ambulance filed a Chapter 11 petition (Bankr. C.D. Cal.
Case No. 17-10002), on January 1, 2017.  The Petition was signed by
Andrew Boulos, president.  The case is assigned to Judge Barry
Russell.  The Debtor is represented by Michael Jay Berger, Esq. at
the Law Offices of Michael Jay Berger.  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 owns and operate Rescue One Ambulance which is located
at 15540 Texaco Avenue, Paramount, CA 90723.  The Debtor had a
previously filed for Chapter 11 bankruptcy (Bankr. C.D. Cal. Case
No. 16-12012) on February 18, 2016, which was dismissed on December
16, 2016.


REVOLVE SOLAR: CED Objects To Disclosure Statement
--------------------------------------------------
Consolidated Electrical Distributors, Inc., objects to the first
amended joint disclosure statement explaining Revolve Solar (TX)
Inc.'s plan.

Among other things, CED argues that the amended disclosure
statement fails to provide sufficient information regarding the
future management of Debtors, including the amount of compensation
to be paid to any insiders, directors, and/or officers of Debtors
and the role those people will perform in exchange for any
compensation.

The amended disclosure statement also fails to disclose the basis
for the disparate treatment of claims as between creditors of
Revolve Solar (TX) or Revolve Solar (CA); by way of example, Class
2 creditors of Revolve Solar (CA) will be paid an estimated 8% of
their claims while creditors of Revolve Solar (TX) will be paid an
estimated 41% of their claims.

Further, the amended disclosure statement fails to disclose the
basis for the disparate treatment of claims as between General
Unsecured Claims in the amount of greater than $20,000 and General
Unsecured Claims in the amount $20,000 or less. The amended
disclosure statement reflects that Revolve Solar (TX) estimates
that creditors holding General Unsecured Claims in the amount of
greater than $20,000 or less will receive payments in an estimated
amount of  66% of their claims while creditors holding General
Unsecured Claims in the amount of greater than $20,000 will receive
payment in an estimated amount of 41% of their claims. Likewise,
the Amended Disclosure Statement reflects that Revolve Solar (CA)
estimates that creditors holding General Unsecured Claims in the
amount of greater than $20,000 or less will receive payments in an
estimated amount of 48% of their claims while creditors holding
General Unsecured Claims in the amount of greater than $20,000 will
receive payment in an estimated amount of 8% of their claims.

For the foregoing reasons, CED respectfully requests that the Court
sustain this objection and deny approval of the amended disclosure
statement, and further requests that it be granted such other and
further relief, general and special, at law or in equity, to which
CED may show itself justly entitled.

As previously reported by The Troubled Company Reporter, under the
latest restructuring plan, creditors holding priority claims will
be paid in full while unsecured creditors will receive a pro-rata
share of monthly payments.

A copy of the first amended disclosure statement is available for
free at:

       https://is.gd/7EV8Dx

CED is represented by:

     Lisa M. Norman, Esq.
     ANDREWS MYERS, P.C.
     3900 Essex Lane, Suite 800
     Houston, TX 77027
     Tel: 713-850-4200
     Fax: 713-850-4211
     Email: Lnorman@andrewsmyers.com

                      About Revolve Solar

Revolve Solar, Inc. aka Revolve Solar LLC, Revolve Solar (TX)
Inc.,
and Revolve Solar (CA) Inc. each filed chapter 11 petitions
(Bankr.
W.D. Tex. Case Nos. 16-10896, 16-10897, and 16-10899) on July 31,
2016.  The petitions were signed by Tim Padden,
president.  The
Debtors are represented by Joyce W. Lindauer, Esq., at Joyce W.
Lindauer Attorney, PLLC.  Revolve Solar, Inc. and Revolve Solar
(TX) Inc.'s cases are assigned to Judge Tony M. Davis, while
Revolve Solar (CA) Inc.'s case is assigned to Judge Christopher
B. 
Mott.  The Debtors each estimated assets and liabilities at $1
million to $10 million at the time of the filing.


REVOLVE SOLAR: Fleet Staff Objects To Disclosure Statement
----------------------------------------------------------
Fleet Staff, Inc., doing business as Stark Talent objects to the
first amended joint disclosure statement explaining the plan filed
by Revolve Solar (TX) Inc and Revolve Solar (CA) Inc. dated Dec. 7,
2016.

Fleet Staff contends that the amended disclosure statement fails to
provide sufficient information regarding the future management of
Debtors, including the amount of compensation to be paid to any
insiders, directors, and/or officers of Debtors and the role those
people will perform in exchange for any compensation.

The amended disclosure statement also fails to disclose the basis
for the disparate treatment of claims as between creditors of
Revolve Solar (TX) or Revolve Solar (CA); by way of example, Class
2 creditors of Revolve Solar (CA) will be paid an estimated 8% of
their claims while creditors of Revolve Solar (TX) will be paid an
estimated 41% of their claims.

Further, the amended disclosure statement fails to disclose the
basis for the disparate treatment of claims as between General
Unsecured Claims in the amount of greater than $20,000 and General
Unsecured Claims in the amount $20,000 or less. The amended
disclosure statement reflects that Revolve Solar (TX) estimates
that creditors holding General Unsecured Claims in the amount of
greater than $20,000 or less will receive payments in an estimated
amount of  66% of their claims while creditors holding General
Unsecured Claims in the amount of greater than $20,000 will receive
payment in an estimated amount of 41% of their claims. Likewise,
the amended disclosure tsatement reflects that Revolve Solar (CA)
estimates that creditors holding General Unsecured Claims in the
amount of greater than $20,000 or less will receive payments in an
estimated amount of 48% of their claims while creditors holding
General Unsecured Claims in the amount of greater than $20,000 will
receive payment in an estimated amount of 8% of their claims.

For the said reasons, Fleet Staff requests that the Court sustain
this objection and deny approval of the amended disclosure
statement, and further requests that it be granted such other and
further relief, general and special, at law or in equity, to which
CED may show itself justly entitled.

As previously reported, under the latest restructuring plan,
creditors holding priority claims will be paid in full while
unsecured creditors will receive a pro-rata share of monthly
payments.

A copy of the first amended disclosure statement is available for
free at:

          https://is.gd/7EV8Dx

Fleet Staff is represented by:

     Karen E. Murray, Esq.
     CRADDOCK MASSEY LLP
     1400 Post Oak Boulevard, Suite 640
     Houston, TX 77056
     Tel: 713-960-6400
     Fax: 713-960-6401
     Email: kmurray@craddockmassey.com

                     About Revolve Solar

Revolve Solar, Inc. aka Revolve Solar LLC, Revolve Solar (TX)
Inc.,
and Revolve Solar (CA) Inc. each filed chapter 11 petitions
(Bankr.
W.D. Tex. Case Nos. 16-10896, 16-10897, and 16-10899) on July 31,
2016.  The petitions were signed by Tim Padden,
president.  The
Debtors are represented by Joyce W. Lindauer, Esq., at Joyce W.
Lindauer Attorney, PLLC.  Revolve Solar, Inc. and Revolve Solar
(TX) Inc.'s cases are assigned to Judge Tony M. Davis, while
Revolve Solar (CA) Inc.'s case is assigned to Judge Christopher
B. 
Mott.  The Debtors each estimated assets and liabilities at $1
million to $10 million at the time of the filing.


RIDGEVILLE PLAZA: Can Use Cash Collateral Until Jan. 31
-------------------------------------------------------
James F. Schneider of the U.S. Bankruptcy Court for the District of
Maryland authorized Ridgeville Plaza, Inc., to use SF IV Bridge IV,
LP's cash collateral through Jan. 31, 2017.

The approved Budget provided for total Master Expenses in the
amount of $9,578 for each of the months of January and February, as
well as total Building Expenses in the amount of $6,540 for January
and $3,605 for February.

SF IV Bridge IV asserts that it holds valid, enforceable, and
allowable claims against the Debtor in the approximate amount of
$15,129,311 in unpaid principal, interest and attorneys' fees.  SF
IV Bridge IV further asserts that it has first priority lies on
206 and 208 E. Ridgeville Boulevard, Mount Airy, Maryland 21771;
0.086 acres of land on Ridgeville Boulevard, Mount Airy, Maryland
21771 and 210 E. Ridgeville Boulevard, Mount Airy, Maryland 21771,
except any unpaid accrued amounts owed to taxing authorities,
together with the income, rents and profits from the Properties, as
provided for in the Loan Documents.

SF IV Bridge IV is permitted to deposit any and all rental payments
related to the Properties and the Co-Debtor's properties encumbered
by the Deed of Trust and currently in its possession, in the amount
of $54,375.  The rental payments were paid to the SF IV Bridge IV
pursuant its prepetition exercise of its rights under the Loan
Documents.  SF IV Bridge IV was directed to credit the foregoing
sum against the January 2017 adequate protection payment due to SF
IV Bridge IV in the Budget and the budget attached to the Proposed
Cash Collateral Consent Order filed by the Lender and the Co-Debtor
in the Co-Debtor’s Case.

SF IV Bridge IV was granted replacement liens upon and security
interests in all of the properties and assets of the Debtor,
including but not limited to, the prepetition collateral,
collateral acquired by the Debtor post-petition, and the collateral
described in the Loan Documents and the Court's Interim Cash
Collateral Order.

SF IV Bridge IV is also granted an administrative claim against the
Debtor and the Debtor's bankruptcy estate, to the extent that its
interest in the collateral is diminished as a result of the
Debtor's use of the cash collateral.

Judge Schneider ordered the Debtor to continue maintaining, with
financially sound and reputable insurance companies, insurance in
accordance with the Loan Documents.  He further ordered the Debtor
to make any and all payments necessary to keep the Properties in
good repair and condition and not permit or commit any waste
thereof, and pay all expenses associated with the Properties as
required by the Court's Interim Cash Collateral Order.

A full-text copy of the Interim Order, dated Jan. 9, 2017, is
available at
http://bankrupt.com/misc/RidgevillePlaza2016_1626944_23.pdf

SF IV Bridge IV, LP is represented by:

          Douglas S. Walker, Esq.
          Adam M. Lynn, Esq.
          MCALLISTER, DETAR, SHOWALTER & WALKER
          100 N. West Street
          Easton, MD 21601
          E-mail: alynn@mdswlaw.com

                 About Ridgeville Plaza

Ridgeville Plaza, Inc., is a corporation formed in 1998 with
principal place of business located in Carroll County, MD.  It
owns, leases and manages commercial real property located 206, 208
and 210 E. Ridgeville Boulevard, Mt. Airy, MD 21771.

Ridgeville Plaza filed a Chapter 11 petition (Bankr. D. Md. Case
No. 16-26944) on Dec. 30, 2016.  The petition was signed by Frank
Illiano, president.  The case is assigned to Judge David E. Rice.
The Debtor is represented by James Greenan, Esq., at McNamee,
Hosea, et al.  At the time of filing, the Debtor estimated assets
at $0 to $50,000 and liabilities at $10 million to $50 million.


RIVERWOOD GAS: Taps Orantes Law Firm as Legal Counsel
-----------------------------------------------------
Riverwood Gas and Oil LLC seeks approval from the U.S. Bankruptcy
Court for the Central District of California to hire legal counsel
in connection with its Chapter 11 case.

The Debtor proposes to hire The Orantes Law Firm P.C. to give legal
advice regarding its duties under the Bankruptcy Code, conduct
examinations of witnesses and claimants, assist in the preparation
of a bankruptcy plan, and provide other legal services.

The hourly rates charged by the firm are:

     Giovanni Orantes     $500
     Associates           $250 - $500
     Paralegals           $160 - $200

Giovanni Orantes, Esq., disclosed in a court filing that his firm
is a "disinterested person" as defined in section 101(14) of the
Bankruptcy Code.

The firm can be reached through:

     Giovanni Orantes, Esq.
     The Orantes Law Firm P.C.
     3435 Wilshire Blvd., Suite 2920
     Los Angeles, CA 90010
     Tel: (213) 389-4362
     Fax: (877) 789-5776
     Email: go@gobklaw.com

                  About Riverwood Gas and Oil

Riverwood Gas and Oil LLC is a corporation based in Corona,
California.  Its business is hydrocarbon exportation of bureau of
land management leases in the Kern front production area of
Bakersfield, California.   

The Debtor sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. C. D. Calif. Case No. 16-25483) on November 23, 2016.
The petition was signed by Joseph M. Hoats, CEO and President of
Inviron, sole member of Riverwood.  

The case is assigned to Judge Neil W. Bason.

At the time of the filing, the Debtor estimated its assets at $1
billion to $10 billion and debts at $50 million to $100 million.


ROOMSTORES OF PHOENIX: Feb. 21 Plan Confirmation Hearing
--------------------------------------------------------
Judge Daniel P. Collins of the U.S. Bankruptcy Court for the
District of Arizona approved the disclosure statement explaining
the joint Chapter 11 plan of liquidation dated Nov. 14, 2016, filed
by The Roomstores of Phoenix, L.L.C., and the Official Committee of
Unsecured Creditors.

As previously reported by the Troubled Company Reporter, under the
plan, General Unsecured Creditors will be paid without interest on
a pro rata basis after all allowed administrative claims, allowed
priority tax claims, and Class 1, Class 2(a), Class 2(b) deposit
claims, and Class 3 have been paid in full.  The initial
distributions to unsecured creditors will be made 180 days after
the Effective Date. In the event sufficient funds are available to
pay all allowed claims in this class in full, the Liquidating
Trustee will pay interest at a rate of 1% per annum. 

The Disclosure Statement is available at:

            http://bankrupt.com/misc/azb15-15898-550.pdf 


The initial hearing to consider the confirmation of the Plan will
be held at the U.S. Bankruptcy Court, 230 North First Avenue, 6th
Floor, Courtroom 603, Phoenix, Arizona 85003 on Feb. 21, 2017, at
1:30 p.m. Phoenix time.

Only creditors who are entitled to vote may cast a ballot to accept
or reject the Plan. These include Classes 2b, 3, 4, 5 and 6. The
deadline for voting will be no later than Feb. 14, 2017 at 5:00
p.m. Phoenix time.

The last day for filing and serving written objections to
confirmation of the Plan is 5:00 p.m. Phoenix time on Feb. 14,
2017.

                   About Roomstores of Phoenix

The Roomstores of Phoenix, L.L.C., dba The Roomstore, is an
Arizona
limited liability company with its principal operations in
Phoenix, Arizona.  The Debtor was formed in 1993 to operate two
furniture retail locations and grew such that on the Petition Date
it operated a warehouse and eleven leased showrooms located
throughout the Phoenix area, in Casa Grande and Prescott,
Arizona. 
The Debtor's members on the Petition Date consisted of Alan Levitz
(33.5%), Phil Levitz (33.5%), and Dan Selznick (33%).  Phil
Levitz
passed away in early 2016 and the Debtor believes his estate has
succeeded to his interest. 

The Debtor sought protection under Chapter 11 of the Bankruptcy
Code in the District of Arizona (Phoenix) (Case 15-15898) on Dec.
18, 2015. The petition was signed by Alan Levitz, manager.  The
case is assigned to Judge Daniel P. Collins.  The Debtor
estimated
both assets and liabilities in the range of $1 million to $10
million.


SANTA ROSA ANIMAL: Can Use Bank of America Cash on Final Basis
--------------------------------------------------------------
Judge Jerry C. Oldshue, Jr., of the U.S. Bankruptcy Court for the
Northern District of Florida authorized Santa Rosa Animal Hospital,
P.A., to use Bank of America's cash collateral on a final basis.

Bank of America has a lien on the cash collateral, to the same
priority, validity and extent as provided in the Loan Documents
executed between the Debtor and Bank of America.

Bank of America is granted a first priority postpetition security
interest and lien in, to and against all of the Debtor's assets, to
the same priority, validity and extent that Bank of America held a
properly perfected prepetition security interest in such assets,
which are or have been acquired, generated or received by the
Debtor subsequent to the Petition Date.

Bank of America is also granted an administrative expense claim, to
the extent of the diminution, if any, in the value of its interest
in the cash collateral as of the Petition Date.

The Debtor is authorized to use the funds in its DIP account during
the time period prior to any order of confirmation of a plan of
reorganization in this manner:

   (a) The Debtor may use the gross receipts generated by the
Debtor and funds in the Debtor's DIP account for payment of the
reasonable and necessary operating expenses of the Debtor in
substantial accordance with the Interim Budget.

   (b) The Debtor will make adequate protection payments to Bank of
America in the amount of $250 per month on account of Bank of
America’s secured claim.

   (c) To the extent that the revenues of the Debtor are
insufficient to pay all expenses as set forth in the Interim Budget
as well as the Adequate Protection Payment, the Debtor will reduce
the compensation to the Debtor's principal in an amount sufficient
to allow payment of the Adequate Protection Payment to Bank of
America.

   (d) The Debtor is further authorized to pay the U.S. Trustee
Fees from the DIP account from funds derived from the gross
proceeds of the Debtor.

A full-text copy of the Agreed Final Order, dated Jan. 9, 2017, is
available at
http://bankrupt.com/misc/SantaRosa2016_1631051jco_42.pdf

                  About Santa Rosa Animal Hospital

Santa Rosa Animal Hospital, P.A., filed a Chapter 11 petition
(Bankr. N.D. Fla. Case No. 16-31051) on Nov. 9, 2016.  The petition
was signed by Cheryl L. Beck, DVM, president.  The Debtor is
represented by Natasha Z. Revell, Esq., at Zalkin Revell, PLLC.
The Debtor estimated assets at $0 to $50,000 and liabilities at
$100,001 to $500,000 at the time of the filing.  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.


SC CONCRETE: Disclosures Okayed, Plan Hearing on Jan. 25
--------------------------------------------------------
The U.S. Bankruptcy Court for the District of Puerto Rico will
consider approval of the Chapter 11 plan of reorganization of SC
Concrete Corp. and South Caribbean Block, Inc., at a hearing on
Jan. 25, at 9:00 a.m.

The hearing will be held at the Jose V. Toledo U.S. Post Office and
Courthouse Building, Courtroom 3, Third Floor, 300 Recinto Sur
Street, San Juan, Puerto Rico.

The court will also consider at the hearing the final approval of
the companies' disclosure statement, which it conditionally
approved on Dec. 27 last year.

Creditors must file their objections and cast their votes accepting
or rejecting the plan at least 14 days prior to the hearing.

Under the plan, "unsecured convenience" class of creditors whose
claims are less than $15,000 will receive 3.01% of their allowed
claims, to be paid in lump sum of $1,000 on the effective date of
the plan.  

Meanwhile, unsecured convenience class of creditors whose claims
are more than $15,001 will get 3.48% of their allowed claims, to be
paid as follows: $3,500 on the effective date on the plan, and four
subsequent equal yearly installments of $3,500.

South Caribbean Block Inc., filed a Chapter 11 bankruptcy petition
(Bankr. D.P.R. Case No. 16-05121) on June 28, 2016.  The Debtor is
represented by Myrna L. Ruiz Olmo, Esq.


SCRIPSAMERICA INC: U.S. Trustee Disbands Creditors' Committee
-------------------------------------------------------------
Andrew Vara, acting U.S. trustee for Region 3, on Jan. 11 disbanded
the official committee of unsecured creditors in the Chapter 11
case of ScripsAmerica, Inc.

The Troubled Company Reporter, on Nov. 14, 2016, reported that
ScripsAmerica filed with the U.S. Bankruptcy Court a motion for an
order directing disbandment of the official committee of unsecured
creditors or, alternatively, the removal of Ironridge Global
Partners and Robert Schneiderman from the committee.

The motion explains, "Simply put, the Committee should not have
been formed because a committee consisting of less than three
members cannot properly function.  Additionally, the Committee (as
presently constituted) is incapable of carrying out its fiduciary
obligations to general unsecured creditors.  First, with respect to
the size of the Committee, the statute indicates that an official
committee shall 'ordinarily' consist of seven members.  Second, the
Committee members that were appointed - Ironridge, a substantial
holder of the Debtor's equity that was (and is) hell-bent on
destroying the Debtor's business via litigation, and Schneiderman,
the Debtor's former Chief Executive Officer (i) who is the target
of estate claims and causes of action stemming from, inter alia,
his role in the events at issue in the Ironridge litigation and
(ii) who signed a non-disclosure agreement in connection with the
Debtor's pending sale process - are decidedly unfit to serve the
interests of general unsecured creditors as a whole.  The interests
of Ironridge and Schneiderman are not aligned with the interests of
general unsecured creditors of the Debtor's estate. Ironridge is a
substantial equity security holder whose litigious approach
threatens to both deplete the estate and dilute general unsecured
creditor recoveries.  Schneiderman is an equity security holder, a
former insider (the Debtor's Chief Executive Officer), a central
figure in the Debtor's pre-petition slide into bankruptcy, and a
potential purchaser who has formally expressed interest in bidding
on the Debtor's assets. Neither are qualified to serve in a
fiduciary capacity."

                    About ScripsAmerica Inc.

ScripsAmerica, Inc. filed a Chapter 11 petition (Bankr. D. Del.
Case No. 16-11991) on Sept. 7, 2016.  The petition was signed by
Jeffrey J. Andrews, chief financial officer.  At the time of
filing, the Debtor had $600,000 in total assets and $4.65 million
in total debt as of Sept. 6, 2016.

Ciardi Ciardi & Astin has been tapped as bankruptcy counsel, Equity
Partners HG LLC as investment banker, and Bederson LLP as
accountant.

On November 3, 2016, the U.S. Trustee appointed an official
committee of unsecured creditors.


SEARS HOLDINGS: ESL Partners Reports 55.9% Stake as of Jan. 11
--------------------------------------------------------------
As of Jan. 11, 2017, these reporting persons may be deemed to
beneficially own the shares of Holdings Common Stock, as disclosed
in an amended Schedule 13D filed with the Securities and Exchange
Commission:

                                    Number of      Percentage
                                    Shares         of              
                     
Reporting                          Beneficially   Outstanding
   Person                              Owned          Shares
---------                          ------------   -----------
ESL Partners, L.P.                   62,573,899       55.9%
SPE I Partners, LP                     150,124          0.1%
SPE Master I, LP                       193,341          0.2%
RBS Partners, L.P.                   62,917,364   56.3%
ESL Investments, Inc.                62,917,364   56.3%
Edward S. Lampert                    62,917,364   53.2%

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

                    https://is.gd/Jtirfn

                          About Sears

Sears Holdings Corporation (NASDAQ: SHLD) --
http://www.searsholdings.com/-- is an integrated retailer focused  

on seamlessly connecting the digital and physical shopping
experiences to serve members.  Sears Holdings is home to Shop Your
Waytm, a social shopping platform offering members rewards for
shopping at Sears and Kmart as well as with other retail partners
across categories important to them.

The Company operates through its subsidiaries, including Sears,
Roebuck and Co. and Kmart Corporation, with more than 2,000 full-
line and specialty retail stores in the United States and Canada.

Kmart Corporation and 37 of its U.S. subsidiaries filed voluntary
Chapter 11 petitions (Bankr. N.D. Ill. Lead Case No. 02-02474) on
Jan. 22, 2002.  Kmart emerged from chapter 11 protection on May 6,
2003, pursuant to the terms of an Amended Joint Plan of
Reorganization.  Skadden, Arps, Slate, Meagher & Flom, LLP,
represented Kmart in its restructuring efforts.  Its balance sheet
showed $16,287,000,000 in assets and $10,348,000,000 in debts when
it sought chapter 11 protection.

Kmart bought Sears, Roebuck & Co., for $11 billion to create the
third-largest U.S. retailer, behind Wal-Mart and Target, and
generate $55 billion in annual revenues.  Kmart completed its
merger with Sears on March 24, 2005.

Sears Holdings reported a net loss of $1.12 billion on $25.14
billion of revenues for the year ended Jan. 30, 2016, compared to a
net loss of $1.81 billion on $31.19 billion of revenues for the
year ended Jan. 31, 2015.

As of July 30, 2016, Holdings had $10.61 billion in total assets,
$13.30 billion in total liabilities and a total deficit of $2.69
billion.

                          *     *     *

In September 2016, Moody's Investors Service downgraded Sears
Holdings' Speculative Grade Liquidity rating to 'SGL-3' from
'SGL-2' and retained other ratings, including the company's 'Caa1'
Corporate Family rating.

"The SGL-3 rating reflects our view that Sears will continue to
rely on external financing and the monetization of its alternative
assets to fund its operating losses" stated Moody's Vice
President, Christina Boni.  "We recognize the risks associated with
relying on these sources and continued shareholder support to
finance its negative operating cash flow which is estimated by
Moody's to be approximately $1.5 billion this year."

In March 2016, Fitch Ratings said it will retain Sears' long term
issuer default rating at 'CC'.

The TCR reported on Dec. 19, 2016, that S&P Global Ratings affirmed
its ratings, including the 'CCC+' corporate credit rating, on Sears
Holdings Corp.  "We revised our assessment of Sears' liquidity to
less than adequate from adequate based on the impact of continued
and meaningful cash use and constraints on contractually committed
liquidity from cash use and incremental secured funded borrowings,"
said credit analyst Robert Schulz.  "We do not incorporate any
significant prospective asset sales or execution of strategic
alternatives for legacy hardline brands into our assessment of
committed liquidity."


SEARS HOLDINGS: To Sell Craftsman Brand to Stanley Black for $900M
------------------------------------------------------------------
Stanley Black & Decker, an S&P 500 global diversified industrial
company, and Sears Holdings Corporation, announced that they have
entered into a definitive agreement under which Stanley Black &
Decker will purchase the Craftsman brand from Sears Holdings.  The
transaction provides Stanley Black & Decker with the rights to
develop, manufacture and sell Craftsman-branded products in
non-Sears Holdings retail, industrial and online sales channels
across the U.S. and in other countries.  As part of the agreement,
Sears Holdings will continue to offer Craftsman-branded products,
sourced from existing suppliers, through its current retail
channels via a perpetual license from Stanley Black & Decker, which
will be royalty-free for the first 15 years after closing and
royalty-bearing thereafter.  Today only approximately 10% of
Craftsman-branded products are sold outside of Sears Holdings and
the agreement will enable Stanley Black & Decker to significantly
increase Craftsman sales in these untapped channels.

"Craftsman is a legendary, American brand with tremendous consumer
awareness built on a legacy of producing quality products at a
great value," said Stanley Black & Decker president and CEO James
M. Loree.  "This agreement represents a significant opportunity to
grow the market by increasing the availability of Craftsman
products to consumers in previously underpenetrated channels.  We
intend to invest in the brand and rapidly increase sales through
these new channels, including retail, industrial, mobile and
online.  To accommodate the future growth of Craftsman, we intend
to expand our manufacturing footprint in the U.S.  This will add
jobs in the U.S., where we have increased our manufacturing
headcount by 40% in the past three years.

"As we continue our growth trajectory as a diversified industrial
company, we continue to look at opportunities to build upon our
world-class portfolio of franchises and brands to create
shareholder value.  This transaction, which aligns squarely with
this strategy, also reflects an effective allocation of capital
particularly when viewed in the context of the recently announced
Mechanical Security sale.  We've essentially freed up capital
trapped in a low-growth business to invest in organic growth and
EPS accretion," added Loree.

Sears Holdings' Chairman and Chief Executive Officer Edward S.
Lampert stated, "We are pleased to reach this agreement, after
determining that externalizing the Craftsman brand would accomplish
our goals of driving value for Sears Holdings and positioning
Craftsman for future growth.  This transaction represents a
significant step in our ongoing transformation to a membership
focused business model.  Craftsman has a storied history as an
iconic American brand and in Stanley Black & Decker we have found a
great owner that is committed to expanding Craftsman and helping it
to reach its potential outside of its current channels.  It's
important for our members to know that we will continue to sell
Craftsman in-store and online at Kmart and Sears, and Sears
Hometown, and the structure of the transaction will provide Sears
Holdings with a significant upfront payment, another payment in
three years and an opportunity to participate in the growth of the
Craftsman brand in both our stores and at other retailers selected
and managed by Stanley Black & Decker. Looking ahead, we will
continue to take actions to adjust our capital structure, meet our
financial obligations and manage our business to better position
Sears Holdings to create long-term value by focusing on our best
members, our best stores and our best categories."

                         Transaction Terms

Stanley Black & Decker will pay Sears Holdings $525 million at
closing, $250 million at end of year three, and annual payments on
new Stanley Black & Decker Craftsman sales through year 15 (2.5%
through 2020, 3% through January 2023, and 3.5% thereafter).  The
net present value of all these cash payments is approximately $900
million.  The license granted to Sears Holdings will be
royalty-free for 15 years, then 3% thereafter.

Existing sales of Craftsman products outside the Sears Holdings and
Sears Hometown distribution channels, which will be assumed
immediately upon closing by Stanley Black & Decker, were
approximately $200 million over the last 12 months.  The company
expects the sale of Craftsman branded products to contribute
approximately $100 million of average annual revenue growth for
approximately the next ten years.  The transaction is expected to
be accretive to earnings by approximately $0.10-$0.15 per share in
year one, increasing to approximately $0.35-$0.45 by year five and
to approximately $0.70-$0.80 by year ten, excluding approximately
$20 million of deal-related costs.

The transaction, which was approved by the Boards of Directors of
both companies, is expected to close during 2017, subject to
customary closing conditions and regulatory approvals.

Stanley Black & Decker will host a conference call with investors
today, Thursday, Jan. 5, 2017, at 09:00 am EST.  A presentation
which will accompany the call will be available at
http://www.stanleyblackanddecker.com/and will remain available
after the call.

The call will be accessible by telephone at 1 (877) 930-8285 and
from outside the U.S. at 1 (253) 336-8297 (Conference ID 46963043);
also, via the Internet at http://www.stanleyblackanddecker.com/  
To listen, please go to the web site at least fifteen minutes early
to register, download and install any necessary audio software.  A
replay will also be available two hours after the call and can be
accessed at (855) 859-2056 or (404) 537-3406 by entering the
Conference identification number 46963043.  The replay will also be
available as a podcast within 24 hours and can be accessed on our
website and via iTunes.

Stanley Black & Decker, an S&P 500 company, is a diversified global
provider of hand tools, power tools and related accessories,
mechanical access solutions and electronic security solutions,
healthcare solutions, engineered fastening systems, and more. Learn
more at http://www.stanleyblackanddecker.com/

Stanley Black & Decker Contacts

Investor Contacts: Greg Waybright
                   Vice President, Investor Relations
                   greg.waybright@sbdinc.com
                   Tel: (860) 827-3833

                   Michelle Hards
                   Director, Investor Relations
                   michelle.hards@sbdinc.com
                   Tel: (860) 827-3913

Media Contacts:    Shannon Lapierre
                   Vice President, Communications/Public Relations
                   shannon.lapierre@sbdinc.com
                   Tel: (860) 827-3575

                   Tim Perra
                   Vice President, Communications
                   tim.perra@sbdinc.com
                   Tel: (860) 826-3260

Sears Holdings Contact

                   Howard Riefs
                   Director, Corporate Communications
                   Tel: (847) 286-8371

                         About Sears

Sears Holdings Corporation (NASDAQ: SHLD) --
http://www.searsholdings.com/-- is an integrated retailer focused  

on seamlessly connecting the digital and physical shopping
experiences to serve members.  Sears Holdings is home to Shop Your
Waytm, a social shopping platform offering members rewards for
shopping at Sears and Kmart as well as with other retail partners
across categories important to them.

The Company operates through its subsidiaries, including Sears,
Roebuck and Co. and Kmart Corporation, with more than 2,000 full-
line and specialty retail stores in the United States and Canada.

Kmart Corporation and 37 of its U.S. subsidiaries filed voluntary
Chapter 11 petitions (Bankr. N.D. Ill. Lead Case No. 02-02474) on
Jan. 22, 2002.  Kmart emerged from chapter 11 protection on May 6,
2003, pursuant to the terms of an Amended Joint Plan of
Reorganization.  Skadden, Arps, Slate, Meagher & Flom, LLP,
represented Kmart in its restructuring efforts.  Its balance sheet
showed $16,287,000,000 in assets and $10,348,000,000 in debts when
it sought chapter 11 protection.

Kmart bought Sears, Roebuck & Co., for $11 billion to create the
third-largest U.S. retailer, behind Wal-Mart and Target, and
generate $55 billion in annual revenues.  Kmart completed its
merger with Sears on March 24, 2005.

Sears Holdings reported a net loss of $1.12 billion on $25.14
billion of revenues for the year ended Jan. 30, 2016, compared to a
net loss of $1.81 billion on $31.19 billion of revenues for the
year ended Jan. 31, 2015.

As of July 30, 2016, Holdings had $10.61 billion in total assets,
$13.30 billion in total liabilities and a total deficit of $2.69
billion.

                          *     *     *

In September 2016, Moody's Investors Service downgraded Sears
Holdings' Speculative Grade Liquidity rating to 'SGL-3' from
'SGL-2' and retained other ratings, including the company's 'Caa1'
Corporate Family rating.

"The SGL-3 rating reflects our view that Sears will continue to
rely on external financing and the monetization of its alternative
assets to fund its operating losses" stated Moody's Vice
President, Christina Boni.  "We recognize the risks associated with
relying on these sources and continued shareholder support to
finance its negative operating cash flow which is estimated by
Moody's to be approximately $1.5 billion this year."

In March 2016, Fitch Ratings said it will retain Sears' long term
issuer default rating at 'CC'.

The TCR reported on Dec. 19, 2016, that S&P Global Ratings affirmed
its ratings, including the 'CCC+' corporate credit rating, on Sears
Holdings Corp.  "We revised our assessment of Sears' liquidity to
less than adequate from adequate based on the impact of continued
and meaningful cash use and constraints on contractually committed
liquidity from cash use and incremental secured funded borrowings,"
said credit analyst Robert Schulz.  "We do not incorporate any
significant prospective asset sales or execution of strategic
alternatives for legacy hardline brands into our assessment of
committed liquidity."


SEATRUCK INC: Can Continue Using Cash Collateral Through March 6
----------------------------------------------------------------
Judge Raymond B. Ray of the U.S. Bankruptcy Court for the Southern
District of Florida authorized SeaTruck, Inc. to continue using the
cash collateral of Stonegate Bank from January 6, 2017 through
March 6, 2017.

Judge Ray approved the Debtor's Budget which provides for total
operating expenses of $84,262, for the entire the cash collateral
period.

Stonegate Bank was granted a post-petition security interest and
lien, in Stonegate Bank's pre-petition collateral in and to all
proceeds from the disposition of any of the cash collateral, and
any and all of the goods, property, assets and interests, whether
now existing and/or owned by the Debtor, in which Stonegate Bank
held a lien or security interest prior to the Petition Date.  Such
security interest and lien will be of the same validity, extent and
priority as Stonegate Bank's pre-petition security interests.

A full-text copy of the Order, dated January 10, 2017, is available
at https://is.gd/CVjd9G

     
                About Seatruck, Inc.

SeaTruck, Inc., filed a chapter 11 petition (Bankr. S.D. Fla. Case
No. 16-26397) on Dec. 9, 2016.  The petition was signed by Jared
Schatz, president.  The case is assigned to Judge Raymond B. Ray.
The Debtor disclosed total assets at $2.17 million and total
liabilities at $3.75 million.  The Debtor is represented by Eric A.
Rosen, Esq., at Fowler White Burnett, P.A.


SHORELINE ENERGY: Feb. 10 Plan, Disclosure Statement Hearing
------------------------------------------------------------
Judge David R. Jones of the U.S Bankruptcy Court for the Southern
District of Texas issued an order conditionally approving the
disclosure statement filed by Shoreline Enery LLC, et al.

To be counted as votes to accept or reject the plan, all ballots
must be properly executed, completed and delivered no later than
5:00 p.m., prevailing Central Time, on Feb. 3, 2017.

The Combined Hearing on the approval of the disclosure statement
and confirmation of the plan will be held in Courtroom No. 400, at
the U.S. Bankruptcy Court for the Southern District of Texas, 515
Rusk Street, Houston, Texas 77002, on Feb. 10, 2017, at 10:30 a.m.,
prevailing Central Time.

Objections, if any, to the approval of the disclosure statement
and/or of the plan must be in writing and filed with the Court and
served no later than 5:00 p.m. (prevailing Central Time) on Feb 3,
2017.

                About Shoreline Energy

Headquartered in Houston, Texas, oil and gas exploration and
production company Shoreline Energy LLC and its affiliates sought
protection under Chapter 11 of the Bankruptcy Code (Bankr. S.D.
Tex. Lead Case No. 16-35571) on November 2, 2016. The petitions
were signed by Randy E. Wheeler, vice-president and secretary. 

Judge David R. Jones presides over the case. Jones Day serves as
counsel to the Debtors. Imperial Capital, LLC, is the Debtors'
investment banker. Prime Clerk LLC is the Debtors' claims and
noticing agent.

The Debtors estimated assets and liabilities at between $100
million and $500 million each.

The Office of the U.S. Trustee appointed three creditors to serve
on the official committee of unsecured creditors. The Committee
hires Arent Fox LLP as legal counsel, Royston Rayzor Vickery &
Williams, LLP as local counsel, and Conway MacKenzie, Inc., as
financial advisor.


SKYLINE CORP: Incurs $595,000 Net Loss in Second Quarter
--------------------------------------------------------
Skyline Corporation filed with the Securities and Exchange
Commission its quarterly report on Form 10-Q disclosing a net loss
of $595,000 on $64.22 million of net sales for the three months
ended Nov. 30, 2016, compared to net income of $1.70 million on
$58.68 million of net sales for the three months ended Nov. 30,
2015.

For the six months ended Nov. 30, 2016, the Company reported net
income of $149,000 on $125.40 million of net sales compared to net
income of $872,000 on $107.42 million of net sales for the six
months ended Nov. 30, 2015.

As of Nov. 30, 2016, Skyline had $57.72 million in total assets,
$32.38 million in total liabilities and $25.34 million in total
shareholders' equity.

"Our second quarter and year to date results were negatively
impacted by higher than expected startup costs and general
inefficiencies in our new facility.  We also experienced higher
labor costs associated with hiring and training employees to meet
the demands of increased production in a number of our facilities,"
commented President and Chief Executive Officer, Richard Florea.
"We are redoubling our efforts to bolster our cost control
environment to ensure that our labor and material costs meet our
expectations despite these challenges."

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

                       https://is.gd/9gSsox

                       About Skyline Corp
  
Skyline Corporation was originally incorporated in Indiana in 1959,
as successor to a business founded in 1951.  Skyline Corporation
and its consolidated subsidiaries designs, produces and markets
manufactured housing, modular housing and park models to
independent dealers and manufactured housing communities located
throughout the United States and Canada.  Manufactured housing is
built to standards established by the U.S. Department of Housing
and Urban Development, modular homes are built according to state,
provincial or local building codes, and park models are built
according to specifications established by the American National
Standards Institute.

For the year ended May 31, 2015, the Company reported a net loss of
$10.41 million compared to a net loss of $11.9 million for the year
ended May 31, 2014.

Crowe Horwath LLP, in Fort Wayne, Indiana, issued a "going concern"
qualification on the consolidated financial statements for the year
ended May 31, 2015, citing that the Company has incurred recurring
operating losses and negative cash flows from operating activities.
The Company has a line of credit in place, however prospective
debt covenant violations may limit the Company's ability to access
these funds which would impact its liquidity.  These matters raise
substantial doubt about the Company's ability to continue as a
going concern.


SOUTHCROSS ENERGY: EIG BBTS Indirectly Own 71.7% of Common Units
----------------------------------------------------------------
In an amended Schedule 13D filed with the Securities and Exchange
Commission, EIG BBTS Holdings, LLC, EIG Management Company, LLC,
EIG Asset Management, LLC, EIG Global Energy Partners, LLC, The R.
Blair Thomas 2010 Irrevocable Trust, Blair R. Thomas, The Randall
Wade 2010 Irrevocable Trust, The Kristina Wade 2010 Irrevocable
Trust and Randall S. Wade disclosed that as of Dec. 29, 2016, they
beneficially own 55,811,662 common units representing limited
partner interests of Southcross Energy Partners, L.P., representing
71.7 percent of the Units outstanding.

The percentage is based upon 48,516,567 Common Units, 17,105,875
Class B Convertible Units and 12,213,713 Subordinated Units
outstanding as of January 12, 2017.

Southcross Holdings Borrower LP owns of record 26,492,074 Common
Units and all 17,105,875 Class B Convertible Units and 12,213,713
Subordinated Units that are outstanding.  As a result of the
relationship of the reporting persons to SHB, the reporting persons
may be deemed to indirectly beneficially own the Common Units,
Class B Convertible Units and Subordinated Units held by SHB.

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

                      https://is.gd/oKKZI7

                 About Southcross Energy Partners

Southcross Energy Partners, L.P. --
http://www.southcrossenergy.com/-- is a master limited partnership
that provides natural gas gathering, processing, treating,
compression and transportation services and NGL fractionation and
transportation services.  It also sources, purchases, transports
and sells natural gas and NGLs.  Its assets are located in South
Texas, Mississippi and Alabama and include four gas processing
plants, two fractionation plants and approximately 3,100 miles of
pipeline.  The South Texas assets are located in or near the Eagle
Ford shale region.  Southcross is headquartered in Dallas, Texas.

Southcross Energy reported a net loss attributable to partners of
$51.4 million on $698 million of total revenues for the year ended
Dec. 31, 2015, compared to a net loss attributable to partners of
$36.7 million on $849 million of total revenues for the year ended
Dec. 31, 2014.

As of Sept. 30, 2016, Southcross Energy had $1.19 billion in total
assets, $613.11 million in total liabilities and $583.94 million in
total partners' capital.

                         *     *     *

As reported by the TCR on April 5, 2016, Standard & Poor's Ratings
Services said it lowered its corporate credit and senior secured
rating on Southcross Energy Partners L.P. to 'CCC+' from 'B-'.

The TCR reported on Jan. 13, 2016, that Moody's Investors Service
downgraded Southcross Energy's Corporate Family Rating to 'Caa1'
from 'B2'.  "Southcross' Caa1 CFR reflects its high financial
leverage, limited scale, concentration in the Eagle Ford Shale and
our expectation of continued high leverage and challenging industry
conditions into 2017," according to the report.


SOUTHCROSS ENERGY: Southcross Holdings Reports 71.7% Common Units
-----------------------------------------------------------------
In an amended Schedule 13D filed with the Securities and Exchange
Commission, Southcross Holdings GP LLC, et al., disclosed that as
of Dec. 29, 2016, they beneficially own 55,811,662 common units
representing limited partner interests of Southcross Energy
Partners, L.P., representing 71.7 percent of the Common Units
outstanding.

The Amendment No. 6 amends and supplements the Schedule 13D filed
on Aug. 14, 2014, as amended, to report the acquisition of
additional Common Units.

The Reporting Persons acquired 2,116,400 of the Common Units, Class
B Convertible Units and Subordinated Units as part of the
consideration for SXE to acquire TexStar's Rich Gas System through
the Drop-Down Contribution and to establish a structure for common
ownership and control of the Common Units, Class B Convertible
Units and Subordinated Units through Holdings, as a new holding
company of SXE, and its general partner Holdings GP, both of which
are owned by SELLC, EIG, and Aggregator.  The Reporting Persons
acquired an additional 4,500,000 Common Units as part of the
consideration for SXE to acquire certain assets through the
Holdings Drop-Down Contribution.  The Reporting Persons acquired an
additional 2,472,875 Class B PIK Units as distributions on the
Class B Convertible Units.  The Reporting Persons acquired an
additional 8,389,188 Common Units pursuant to the Equity Cure
Agreement as an equity cure.  The Reporting Persons acquired an
additional 11,486,486 Common Units in connection with the Fifth
Amendment and pursuant to the Equity Cure Agreement.

As of Jan. 12, 2017, 48,516,567 Common Units, 17,105,875 Class B
Convertible Units and 12,213,713 Subordinated Units are
outstanding.  The Class B Convertible Units convert into Common
Units at the Class B Conversion Rate on the Class B Conversion
Date; the initial Class B Conversion Rate is 1.0.

As of Jan. 1, 2017, Andrew A. Cameron was elected as a director of
the Board of the General Partner of the Issuer.  As of Jan. 6,
2017, the Board of the General Partner of the Issuer elected Bruce
A. Williamson as its chairman, president and chief executive
officer.  Mr. Williamson succeeded John E. Bonn, who stepped down
as president and chief executive officer of the general partner,
and David W. Biegler, the former chairman of the General Partner.
Mr. Biegler is continuing as a director of the General Partner.

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

                      https://is.gd/EUkbgB

                 About Southcross Energy Partners

Southcross Energy Partners, L.P. --
http://www.southcrossenergy.com/-- is a master limited partnership
that provides natural gas gathering, processing, treating,
compression and transportation services and NGL fractionation and
transportation services.  It also sources, purchases, transports
and sells natural gas and NGLs.  Its assets are located in South
Texas, Mississippi and Alabama and include four gas processing
plants, two fractionation plants and approximately 3,100 miles of
pipeline.  The South Texas assets are located in or near the Eagle
Ford shale region.  Southcross is headquartered in Dallas, Texas.

Southcross Energy reported a net loss attributable to partners of
$51.4 million on $698 million of total revenues for the year ended
Dec. 31, 2015, compared to a net loss attributable to partners of
$36.7 million on $849 million of total revenues for the year ended
Dec. 31, 2014.

As of Sept. 30, 2016, Southcross Energy had $1.19 billion in total
assets, $613.11 million in total liabilities and $583.94 million in
total partners' capital.

                         *     *     *

As reported by the TCR on April 5, 2016, Standard & Poor's Ratings
Services said it lowered its corporate credit and senior secured
rating on Southcross Energy Partners L.P. to 'CCC+' from 'B-'.

The TCR reported on Jan. 13, 2016, that Moody's Investors Service
downgraded Southcross Energy's Corporate Family Rating to 'Caa1'
from 'B2'.  "Southcross' Caa1 CFR reflects its high financial
leverage, limited scale, concentration in the Eagle Ford Shale and
our expectation of continued high leverage and challenging industry
conditions into 2017," according to the report.


SOUTHCROSS HOLDINGS: S&P Affirms 'CCC+' Issue Level Rating on Debt
------------------------------------------------------------------
S&P Global Ratings said that it has reviewed its recovery and
issue-level ratings on Southcross Holdings Borrower L.P. that were
labeled as "under criteria observation" (UCO) after publishing its
revised recovery ratings criteria on Dec. 7, 2016.  With S&P's
criteria review complete, it is removing the UCO designation from
these ratings.  S&P is affirming the 'CCC+' issue-level rating on
the debt.  S&P is also revising the recovery rating to '3' from
'4', reflecting its expectation of meaningful (50%-70%; lower half
of the range) recovery in the event of 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 ratings for issuers of the
affected debt issues.

RATINGS LIST

Southcross Holdings Borrower L.P.
Corporate Credit Rating                    CCC+/Stable/--

Rating Affirmed; Recovery Rating Revised
                                            To          From
Southcross Holdings Borrower L.P.
Senior Secured                             CCC+        CCC+
  Recovery rating                           3L          4L



SPD LLC: Can Use South Side Trust Cash Collateral Until April 1
---------------------------------------------------------------
Judge Thomas L. Perkins of the U.S. Bankruptcy Court for the
Central District of Illinois authorized SPD, LLC fka SPD NEXT, LLC
to use the cash collateral of South Side Trust and Savings Bank
until April 1, 2017.

Judge Perkins acknowledged that an immediate need exists for the
Debtor to use cash collateral in order to continue operating the
five single family homes that constitute the collateral of South
Side Trust.

South Side Trust was granted replacement liens upon the five single
family homes that are subject to its mortgage lien and all the
revenues, profits and avails generated therefrom after the Petition
Date, that will have the same validity, extent and priority as the
liens held by the South Side Trust pre-petition.

The Debtor was directed to make monthly adequate protection
payments to South Side Trust, in the amount of $675 commencing on
January 17, 2017 for the month of December, 2016.

The Debtor's continued use of cash collateral will be set for a
telephonic status hearing to be held upon the Debtor's request for
such hearing prior to April 30, 2017.

A full-text copy of the Order, dated January 12, 2017, is available
at https://is.gd/Sp9iUa

                      About SPD, LLC.

SPD, LLC fka SPD NEXT, LLC, filed a Chapter 11 bankruptcy petition
(Bankr. C.D. Ill Case No. 16-81454) on Oct. 11, 2016.  The petition
was signed by Fulton L. Bouldin, manager and sole member.  The
Debtor is represented by Karen J. Porter, Esq., at Porter Law
Network.  The case is assigned to Judge Thomas L. Perkins.  The
Debtor estimated assets and liabilities at $1 million to $10
million at the time of the filing.


SPI ENERGY: Announces Global Headquarters Address
-------------------------------------------------
SPI Energy Co., Ltd., announced that its global headquarters
address is at:

        Suite 2703, 27/F,
        China Resources Building
        26 Harbour Road, Wan Chai
        Hong Kong SAR, China

"As a gateway to mainland China, as well as the leading capital
market and financial center, Hong Kong has gained its reputation
for hosting regional headquarters or representative offices for
international corporations.  Positioning ourselves in Hong Kong, we
will be able to better access international capital market, attract
high-caliber talents and develop international market, while
synchronizing our international and domestic resources to execute
our globalization strategy," said Xiaofeng Peng, chairman and chief
executive officer of SPI Energy.

                    About SPI Energy Co.

SPI Energy Co., Ltd., (As successor in interest to Solar Power,
Inc.), is a global provider of photovoltaic (PV) solutions for
business, residential, government and utility customers and
investors.  SPI Energy focuses on the downstream PV market
including the development, financing, installation, operation and
sale of utility-scale and residential solar power projects in
China, Japan, Europe and North America.  The Company operates an
innovative online energy e-commerce and investment platform,
http://www.solarbao.com/,which enables individual and
institutional investors to purchase innovative PV-based investment
and other products; as well as http://www.solartao.com/, a B2B
e-commerce platform offering a range of PV products for both
upstream and downstream suppliers and customers.  The Company has
its operating headquarters in Shanghai and maintains global
operations in Asia, Europe, North America and Australia.

SPI Energy reported a net loss of $185 million on $191 million of
net sales for the year ended Dec. 31, 2015, compared to a net loss
of $5.19 million on $91.6 million of net sales for the year ended
Dec. 31, 2014.  As of Dec. 31, 2015, SPI Energy had $710 million in
total assets, $493 million in total liabilities and $216.6 million
in total stockholders' equity.

KPMG Huazhen LLP, in Shanghai, China, issued a "going concern"
qualification on the consolidated financial statements for the year
ended Dec. 31, 2015, citing that SPI Energy Co., Ltd., and its
subsidiaries have suffered significant losses from operations and
have a negative working capital as of Dec. 31, 2015.  In addition,
the Group has substantial amounts of debts that will become due for
repayment in 2016.  The auditors said these factors raise
substantial doubt about the Group's ability to continue as a going
concern.


SPRINT COMMUNICATIONS: S&P Rates Proposed $3.5BB Facility 'BB-'
---------------------------------------------------------------
S&P Global Ratings assigned its 'BB-' issue-level rating and '1'
recovery rating to Overland Park, Kan.-based wireless service
provider Sprint Corp.'s proposed $3.5 billion senior secured credit
facility, which consists of a $2 billion revolver due 2021 and $1.5
billion term loan due 2024.  The '1' recovery rating indicates
S&P's expectation for very high (90%-100%) recovery in the event of
payment default.  S&P also placed the 'B' issue-level rating on
Sprint's $200 million of 9.25% debentures due 2022 on CreditWatch
with positive implications since this debt will be granted the same
security as the new credit facility assuming secured debt exceeds
5% of total debt under the indenture.  The new credit facility will
be issued at Sprint Communications, a wholly-owned subsidiary of
Sprint Corp. Security under the credit facility will consist of all
assets of Sprint Communications and guarantors.  

S&P expects Sprint will use proceeds from the term loan to improve
the company's liquidity. The new revolving credit facility will
replace the existing $3.3 billion senior unsecured revolver due
2018.

While the new facility will bolster Sprint's liquidity position by
extending maturities, S&P still expects that the company will
continue to record free operating cash flow deficits through 2018
or 2019 and that adjusted debt to EBITDA will remain elevated, in
the low- to mid-4x area (around 6x excluding the benefits of lease
accounting).  Moreover, while the company has successfully put in
place various funding vehicles (i.e., the network lease, spectrum
lease, and the handset lease facilities) that have enabled it to
dramatically improve its near-term liquidity position, they contain
rather large near-term debt amortization requirements, including
about $1.1 billion for the remainder of fiscal 2016 and $2.8
billion in 2017.  As a result of these factors, the 'B' and stable
outlook are unchanged.

Ratings List

Sprint Corp.
Sprint Communications Inc.
Corporate Credit Rating         B/Stable/--

New Rating

Sprint Communications Inc.
$2 bil. Revolver due 2021
Senior Secured                 BB-
  Recovery Rating               1
$1.5 bil. Term loan due 2024
Senior Secured                 BB-
  Recovery Rating               1

Rating Placed On CreditWatch; Recovery Rating Unchanged

Sprint Communications Inc.
                                To            From
Senior Unsecured             
$200 mil. 9.25% deb due 2022   B/Watch Pos   B
  Recovery Rating               4L            4L


SQN HELO 5: U.S. Trustee Unable to Appoint Committee
----------------------------------------------------
The Office of the U.S. Trustee on Jan. 11 disclosed in court
filings that no official committee of unsecured creditors has been
appointed in the Chapter 11 cases of SQN Helo 5, LLC, and its two
affiliates.

SQN Helo 5 LLC, SQN Helo 7 LLC, and SQN Helo 8 LLC sought
protection under Chapter 11 of the Bankruptcy Code (Bankr. D. Del.
Case Nos. 17-10007, 17-10008 and 17-10010) on January 3, 2017.  The
petitions were signed by Jeremiah J. Silkowski, president and CEO.


The cases are assigned to Judge Brendan Linehan Shannon.

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


STEINY AND COMPANY: Court Allows Use of IRS Cash Collateral
-----------------------------------------------------------
Judge Julia W. Brand of the U.S. Bankruptcy Court for the Central
District of California authorized Steiny and Compnay, Inc., to use
the Internal Revenue Service's cash collateral through Jan. 31,
2017, pursuant to their Stipulation.

A full-text copy of the Order, dated Jan. 9, 2017, is available at

http://bankrupt.com/misc/SteinyandCompany2016_216bk25619wb_120.pdf

                 About Steiny and Company

Steiny and Company, Inc., sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. C. D. Calif. Case No. 16-25619) on Nov. 28,
2016.  The petition was signed by Vincent P. Mauch, chief financial
officer.

The case is assigned to Judge Julia W. Brand.

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

The Debtor is represented by Ron Bender, Esq., Jacqueline L. James,
Esq., and Lindsey L. Smith, Esq., at Levene, Neale, Bender, Yoo &
Brill LLP.


TAMARACK CONDOMINIUM: Plan Confirmation Hearing on Feb. 21
----------------------------------------------------------
Judge Paul W. Bonapfel of the U.S. Bankruptcy Court for the
Northern District of Georgia issued an order approving the amended
disclosure statement filed by Tamarack Condominium Association,
Inc., on Jan. 4, 2017.

Feb. 7, 2017, is fixed as the last day for filing written
acceptances or rejections of the plan and the last day for filing
and serving written objections to confirmation of the plan.

The hearing on confirmation of the plan will be held on Feb. 21,
2017, at 10:00 A.M., in Courtroom 1401, U.S Bankruptcy Court, U.S.
Courthouse, 75 Ted Turner Drive SW, Atlanta, GA 30303.

As previously reported, the plan provides funding for the plan from
the collection of ongoing dues and closings. In the event the
Debtor's estate is liquidated, the unsecured creditors would
receive approximately 5% to 10% of their claims, assuming the
Debtor could find a purchaser for its receivables.

The First Amended Disclosure Statement is available at:

      
http://bankrupt.com/misc/ganb15-71565-70.pdf            


Tamarack Condominium Association, Inc., filed a Chapter 11
petition
(Bankr. N.D. Ga. Case No. 15-71565) on November 6, 2015, and is
represented by Herbert C. Broadfoot II, Esq., at Herbert C.
Broadfoot II, PC, in Atlanta, Georgia.


TATOES LLC: Wants to Continue Using of RAF Cash Collateral
----------------------------------------------------------
Tatoes, LLC, Wahluke Produce, Inc. and Columbia Manufacturing, Inc.
d/b/a Columbia Onion seek authorization from the U.S. Bankruptcy
Court for the Eastern District of Washington to continue using cash
collateral.

The Debtors relate that Tatoes has agreed to engage in mediation
with Rabo AgriFinance, Saddle Mountain Supply Company, Deere
Credit, Inc. and the Unsecured Creditors Committee in the Tatoes
case with respect to the terms of a proposed plan of reorganization
on January 24, 2017.  In conjunction with the mediation, the
Debtors anticipate that they will need additional funds between
February 1, 2017 until the date the Debtors confirm a Chapter 11
plan.  

The Debtors can currently use cash collateral until January 31,
2017.
  
Debtors Columbia and Wahluke were previously authorized to continue
using the cash collateral in order to continue packing and selling
the 2016 crops grown by Tatoes, while Tatoes will utilize the cash
collateral in order to continue its preparation for growing its
2017 crops.  The Debtors relate that in conjunction with Tatoes'
2017 farming operations, Tatoes intends to formalize a number of
real property leases.  The Debtors further relate that Tatoes is
seeking, with its request to utilize cash collateral, authority to
enter into 2017 farming leases.

The Cash Collateral which the Debtors intend to utilize consists of
2016 crops grown by Tatoes, as well as the proceeds of that crop
and packing revenue of Wahluke and Columbia related to the packing
and sale of Taroes 2016 crops, which are encumbered by security
interests and liens in favor of Rabo AgriFinance.  

The balance owing to Rabo AgriFinance is asserted to be
approximately $22,000,000, as of the date of the Debtors'
bankruptcy petition, which is fully secured against substantially
all of the assets of the Debtors, as well as certain assets owned
by non-Debtors and related parties.

Saddle Mountain Supply Company and Windflow Fertilizer claim liens
against the 2016 Crops in order to secure the amount of certain
chemical and fertilizer which Saddle Mountain and Windflow have
provided prior to Tatoes filing for bankruptcy protection.  Saddle
Mountain and Windflow, each claim approximately $804,000 and
$394,000, respectively, against Tatoes' 2016 Crops.  

The Debtors believe that Saddle Mountain and Windflow are
adequately protected with respect to their secured claims against
the 2016 crops considering that under the proposed plan, the
Debtors proposed to pay the secured claims of Saddle Mountain and
Windflow from operations over time.

The Debtors propose to grant Rabo AgriFinance, Saddle Mountain and
Windflow with replacement security interests and liens in the
Debtors' 2017 Crops to the extent that the 2016 Cash Collateral is
utilized for the purposes of growing the 2017 crops, with the same
priority as the parties' interests in the Debtors' 2016 crops.

As additional adequate protection, the Debtors propose to make an
interest only payment to Rabo AgriFinance on March 31, 2017
covering the period January 31, 2017 through March 31, 2017.

The Debtors tell the Court that they will provide Rabo AgriFinance
with any financial reports or tax returns prepared by eith CFO
Selections or the Debtors' tax accountants or any other financial
professional employed by the Debtors.  The Debtors further tell the
Court that they will cooperate with Rabo AgriFinance when
inspections and appraisals of Rabo AgriFinance's personal property
collateral are conducted, whenever Rabo AgriFinance deems necessary
and appropriate.

A full-text copy of the Debtor's Motion, dated January 5, 2017, is
available at https://is.gd/cf8KBq


                   About Tatoes, LLC.

Tatoes, LLC, Wahluke Produce, Inc., and Columbia Manufacturing,
Inc., are engaged in farming, packing, storing, and selling
potatoes, onions and wheat.  Tatoes, LLC, et al., filed Chapter 11
bankruptcy petitions (Bankr. E.D. Wash. Case Nos. 16-00900,
16-00899 and 16-00898, respectively) on March 21, 2016.  The
petitions were signed by Del Christensen, president.

Tatoes LLC estimated assets and liabilities at $10 million to $50
million.  Wahluke Produce and Columbia Manufacturing each estimated
assets and liabilities at $50 million to $100 million.

Wahluke has employed Roger William Bailey, Esq., at Bailey & Busey,
PLLC as legal counsel; Columbia has employed Hurley & Lara as legal
counsel; and Tatoes has employed the Law Offices of Paul H.
Williams as counsel.  Southwell & O'Rourke is counsel for Tatoes
Unsecured Creditors Committee.

Gail Brehm Geiger, acting U.S. trustee for Region 18, on April 28,
2016, appointed three creditors of Tatoes LLC to serve on the
official committee of unsecured creditors.   Ms. Geiger disclosed
that no official committee of unsecured creditors has been
appointed in the Chapter 11 cases of Wahluke Produce Inc. and
Columbia Manufacturing Inc., both affiliates of Tatoes LLC.

The deadline for filing proofs of claim was Aug. 1, 2016.


TEAM HEALTH: Blackstone Financing Changes No Impact on Moody's CFR
------------------------------------------------------------------
Moody's Investors Service commented that the change to Blackstone's
proposed financing of its acquisition of Team Health Holdings, Inc.
is credit positive due to modestly lower expected interest expense.
The reduced interest expense will result from a shift of $150
million of previously senior unsecured debt into senior secured
borrowings. Given the leverage-neutral nature of this change, there
is no impact to the B2 Corporate Family Rating, B2-PD Probability
of Default Rating, or the stable outlook.



TEAM HEALTH: Fitch Assigns 'B-' Rating on $1.015BB Unsec. Notes
---------------------------------------------------------------
Fitch Ratings has assigned a 'B-/RR5' rating to Team Health
Holdings, Inc's $1.015 billion senior unsecured notes due 2025.

The ratings incorporate the planned acquisition of the company by
private equity sponsor Blackstone.  The purchase of TeamHealth's
equity and the retirement of the company's existing debt will be
funded by the senior unsecured notes, a senior secured credit
facility consisting of a $2.6 billion term loan and $400 million
revolver, and a $2.6 billion equity contribution from Blackstone.

                        KEY RATING DRIVERS

TeamHealth's 'B' IDR reflects:

High Leverage post-LBO: Gross debt/EBITDA is expected to peak near
8x immediately following the acquisition by Blackstone, but strong
top-line growth on modestly improving margins should drive
deleveraging of two turns of EBITDA by year-end 2018.  However,
there are some risks to the deleveraging trajectory.  These include
synergy capture as the company continues to integrate IPC (a
business acquired in late 2015), and uncertainty about M&A appetite
under private equity ownership.

Leading Position in Growing Market: TeamHealth is one of only a
handful of national providers of outsourced healthcare staffing,
providing scale and scope for contracting with consolidating
healthcare providers and commercial health insurers.  Leading scale
affords good growth opportunities, both organic and inorganic in
nature, even as Amsurg and Envision - two of TeamHealth's major
competitors - recently completed a merger.

IPC Acquisition Has Mixed Implications: TeamHealth more than
doubled leverage in late 2015 to fund the acquisition of IPC, a
national provider of outsourced acute care hospitalist and
post-acute care providers.  Difficulties in physician retention
have been a headwind to synergy capture in the early going, though
the deal continues to have good strategic merit.  The addition of
IPC significantly broadened TeamHealth's coverage across the care
continuum from the emergency department through the stages of
inpatient and post-acute care, and this should increase
cross-selling opportunities with the health systems that are
TeamHealth's customers.

Solid Cash Generation: Free cash flow (FCF; CFO less capital
expenditures and dividends) is expected to be strong for the 'B'
rating category, only moderately affected by higher interest costs
post-LBO.  Low working capital and capital spending requirements
and the expectation of no dividend payments in the near term
support relatively strong cash generation, albeit somewhat
pressured in 2016 and moderately reduced by higher interest costs
post-LBO.  Internal FCF and external liquidity are adequate, in our
view, for the firm to bolster organic growth through tuck-in M&A as
the physician services segment continues to consolidate.

                         KEY ASSUMPTIONS

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

   -- Mid-single-digit base revenue growth in 2017 through 2019
      reflects an expectation of steady same-contract growth and
      net new contract wins in the hospital based and IPC
      segments.  High single-digit total revenue growth reflects
      ongoing cash deployment for tuck-in acquisitions through the

      projection period.

   -- EBITDA margins gradually expand during 2017-2019 due to
      improving SG&A and despite moderately pressured gross profit

      in 2016-2017, easing over the course of 2017-2018 as IPC
      cost synergies are realized, physician retention is
      remedied, and transaction costs are annualized.

   -- Cash generation is reduced by increased interest costs
      (forecast assumes $156 million in 2016 and $185 million in
      2017 vs. $24 million in 2015), offset by lower cash taxes in

      2017 from deductible transaction expenses, resulting in a
      FCF margin of 3% to 4%.

   -- Assume $100 million to $125 million of FCF is used for tuck-
      in M&A annually, with the remainder used to prepay the term
      loan.

   -- Gross debt/EBITDA drops below 7x in 2017 and below 6x at
      year-end 2018.  FFO fixed charge coverage steady is between
      2x and 2.5x.

                      RATING SENSITIVITIES

An upgrade of TeamHealth's IDR to 'B+' could occur in the next
12-18 months if there is a high degree of certainty that gross
debt/EBITDA after dividends to associates and minorities will
decline to below 6x in 2018, coupled with FFO fixed charge coverage
of at least 2x.  Fitch believes this magnitude of deleveraging is
possible based on its ratings case forecasted growth in EBITDA and
will not require much debt repayment, but also that there are
certain execution risks, including realization of IPC-related cost
synergies and addressing IPC's physician attrition issue.  An
upgrade of the rating would also look for TeamHealth to generate
consistently positive FCF, with a FCF margin of 3% to 4%.

Maintenance of the 'B' IDR could result from an expectation that
deleveraging post the LBO will be slower than expected, leading to
gross debt/EBITDA after dividends to associates and minorities
durably above 6x, coupled with FCF that is close to or at
breakeven.

An expectation of gross debt/EBITDA after dividends to associates
and minorities sustained above 7x coupled with a FCF deficit that
requires incremental debt funding could lead to a downgrade to
'B-'.

                             LIQUIDITY

Team Health does not carry large cash balances, but also does not
need to due to its low fixed-cost operating model.  As a service
provider that mainly utilizes clients' buildings and equipment,
Team Health does not have heavy fixed costs or require large
capital expenditures.  Capex tends to be only around 1% of revenue,
and Fitch does not expect this dynamic to change in the near term.
A $400 million revolver will be downsized from $650 million post
the LBO, but will provide adequate internal liquidity for
day-to-day needs and tuck-in M&A.

FCF generation is relatively steady, though higher interest costs
will reduce FCF margin to 3%-4% from the previous 5%-6% range.  LTM
FCF at Sept. 30, 2016, was $92 million.  Based on the post-LBO
capital structure, near-term debt maturities are expected to
include only required term loan amortization, which FCF should
amply cover.

FULL LIST OF RATING ACTIONS

Fitch rates TeamHealth as:

Team Health Holdings, Inc.

   -- IDR 'B';
   -- Senior secured credit facility including term loan and
      revolver 'BB'/RR1'.

Fitch is assigning this rating:

   -- Senior unsecured notes 'B-/RR5'.

The Outlook is Positive.

The 'BB/RR1' rating on the secured credit facility assumes 94%
recovery for lenders in a hypothetical bankruptcy scenario.  The
'B-/RR5' rating on the senior unsecured notes assumes 15% recovery.
The recovery analysis assumes a going concern enterprise value
(EV) for TeamHealth of $3.3 billion.  The EV is derived by taking a
40% discount to Fitch's 2018 forecasted EBITDA and then applying a
9x multiple.

Administrative claims are assumed to consume 10% of EV, which is a
standard assumption in Fitch's recovery analysis.  Also standard in
its analysis, Fitch assumes that TeamHealth would fully draw the
$400 million available balance on its bank credit revolver in a
bankruptcy scenario and includes that amount in the claims
waterfall.  Recovery for the notes is limited to a 5% concession
allocation granted to the unsecured lenders, given the assumption
of no recovery otherwise.


TLC EDUCATION: Revises Application to Hire Hellmuth as Counsel
--------------------------------------------------------------
TLC Education Foundation has filed an amended application seeking
court approval to employ Hellmuth & Johnson, PLLC as its legal
counsel.

The amended application filed with the U.S. Bankruptcy Court for
the District of Minnesota proposes to pay an hourly fee of $300 to
Karl Johnson, Esq., and an hourly fee of $370 to Gregory Otsuka,
Esq.  Paralegals will be paid $175 per hour.

The services to be provided by the firm include negotiating with
creditors and assisting TLC in the preparation of a bankruptcy
plan.

                       About TLC Education

TLC Education Foundation, filed a Chapter 11 bankruptcy petition
(Bankr. D. Minn. Case No. 16-43432) on November 22, 2016,
disclosing under $1 million in both assets and liabilities. The
Debtor is represented by Karl J. Johnson, Esq.

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


TRANSDIGM INC: S&P Assigns 'B' Rating on Proposed $1.228BB Loan
---------------------------------------------------------------
S&P Global Ratings assigned its 'B' issue-level rating and '3'
recovery rating to TransDigm Inc.'s proposed $1.228 billion term
loan due 2024.  The '3' recovery rating indicates S&P's expectation
for meaningful (50%-70%; higher end of the range) recovery in a
default scenario.

At the same time, S&P affirmed its 'B' issue-level rating on the
company's secured debt.  The '3' recovery rating remains unchanged,
indicating S&P's expectation for meaningful (50%-70%; higher end of
the range) recovery in a default scenario.

Additionally, S&P affirmed its 'CCC+' issue-level rating on
TransDigm's subordinated notes.  The '6' recovery rating remains
unchanged, indicating S&P's expectation for negligible (0%-10%)
recovery in a default scenario.

All of S&P's other ratings on TransDigm remain unchanged.

The company plans to use the proceeds from this new term loan to
repay its similarly sized first-lien term loan C due 2020.  The
refinancing will extend the company's maturities and somewhat
reduce its interest expense due to the likely lower coupon on the
new debt.

S&P's ratings on TransDigm reflect the company's above-average
profit margins, leading positions in the niche markets for
engineered aircraft components, good product diversity, weak credit
metrics, and high leverage (as the company uses its excess cash to
fund acquisitions and periodic large special dividends).

                         RECOVERY ANALYSIS

   -- S&P has completed its recovery analysis and affirmed its
      issue ratings on TransDigm's first-lien term loans and
      subordinated notes.  The company is issuing a $1.228 billion

      first-lien term loan due 2024 and is using the proceeds to
      repay its existing $1.228 billion term loan C due 2020.  The

      recovery ratings on the company's debt remain unchanged.  
      S&P will withdraw its ratings on TransDigm's first-lien term

      loan C once it is repaid.

   -- The recovery ratings on the company's existing credit
      facility, including the $600 million revolver and
      subordinated notes, are unchanged.  The company's capital
      structure comprises the aforementioned facilities, an
      accounts receivable (A/R) securitization facility, and a
      modest amount of operating leases.

   -- Other default assumptions include the following: LIBOR
      rising to 250 basis points (bps), the revolver is 85% drawn
      at default, and a 125 bps increase in the margin on the
      first-lien revolver because of credit deterioration.

Simplified recovery waterfall

   -- Emergence EBITDA: $852.2 million
   -- Multiple: 6x
   -- Gross recovery value: $5.1131 billion
   -- Net recovery value for waterfall after admin expenses (5%):
      $4.857 billion
   -- Obligor/nonobligor valuation split: 95%/5%
   -- Estimated priority claims (asset-based lending [ABL] or
      other): $203.3 million
   -- Remaining recovery value: $4.614 billion
   -- Estimated first-lien claim: $6.943 billion
   -- Value available for first-lien claim: $4.569 billion
      -- Recovery range: 50%-70% (higher end of the range)
   -- Estimated senior unsecured notes claim: $4.952 billion
   -- Estimated senior secured deficiency claim: $2.373 billion
   -- Value available for unsecured claim: $85.4 million
      -- Recovery range: 0%-10%

RATINGS LIST

TransDigm Inc.
Corporate Credit Rating           B/Stable/--

New Rating

TransDigm Inc.
Prpsd $1.228B Trm Ln Due 2024     B
  Recovery Rating                  3H

Ratings Affirmed; Recovery Ratings Unchanged

TransDigm Inc.
Secured Debt                      B
  Recovery Rating                  3H
Subordinated Notes                CCC+
  Recovery Rating                  6


TRANSMAR COMMODITY: Wants to Use Cash Collateral Until March 31
---------------------------------------------------------------
Transmar Commodity Group Ltd. requests the U.S. Bankruptcy Court
for the Southern District of New York for authorization to use cash
collateral.

The Debtor will use cash collateral in accordance with the terms
agreed to between the Debtor, ABN AMRO Capital USA, LLC, as
Prepetition Agent, and the Prepetition Lenders.

The Debtor intends to use cash collateral until the earliest to
occur of:

     (a) March 31, 2017;

     (b) thirty days after entry of the Interim Order if the Final
Order will not be entered by the Court on or before such date; and


     (c) the date upon which an Event of Default occurs and a
determination by the Prepetition Agent to terminate the Debtor's
use of cash collateral.

The Debtor contends that an immediate and critical need exists for
it to use cash collateral to continue to fund its business affairs
so as to avoid immediate and irreparable harm to the estate and to
estate assets, to pay wages, maintain business relationships with
customers, vendors and suppliers, pay professionals and make
adequate protection payments, in accordance with the Approved
Budget.

The Debtor's proposed 13-week budget projects total operating
disbursements of $5,315,655 and other uses/Professional Fees in the
aggregate amount of $3,777,080 for January 2, 2017 through March
31, 2017.

The Debtor relates that prior to its bankruptcy filing, its has
obtained a revolving credit facility in the total aggregate amount
of $400 million, with various financial institutions that were from
time to time parties thereto, including ABN AMRO Capital USA, LLC,
which served as administrative agent and collateral agent, Societe
Generale, which served as syndication agent, and BNP Paribas and
Natixis, New York Branch, which together served as co-documentation
agents.

Pursuant to the Prepetition Credit Agreement and all the related
loan and security documentation, the Debtor granted ABN AMRO and
the Prepetition Lenders blanket first-priority liens on virtually
all of its assets, excluding any pledge of the equity interests in
the Debtor's subsidiaries.  As of the Petition Date, there is an
outstanding principal balance of not less than $359,900,000 plus
accrued and unpaid interest and fees owed by the Debtor under the
Prepetition Credit Documents.

The Debtor proposes to provide ABN AMRO and the Prepetition Lenders
with Adequate Protection Liens, an Adequate Protection
Superpriority Claim, Adequate Protection Payments, including
payment of the Prepetition Agent's professionals' fees/expenses
and, subject to entry of the Final Order, the Debtor's payment of
all of its cash in excess of $3 million, plus amounts for unpaid
adequate protection payments, to ABN AMRO on a weekly basis.

ABN AMRO and Prepetition Lenders will also receive, among other
things:

     (a) reports, information and access to the Debtor's books and
records;

     (b) a modification of the automatic stay to enforce remedies;


     (c) a requirement that the Debtor comply with the Approved
Budget;

     (d) limitations on the disposition of assets and the use of
cash collateral;

     (e) a right to request the Debtor to obtain a replacement CRO;


     (f) a right to credit bid; and

     (g) a general and complete release.

A full-text copy of the Debtor's Motion, dated January 3, 2017, is
available at https://is.gd/kJw8ER

            About Transmar Commodity Group Ltd.

Transmar Commodity Group Ltd. filed a Chapter 11 petition (Bankr.
S.D.N.Y. Case No. 16-13625), on December 31, 2016.  The Petition
was signed by was signed by Peter G. Johnson, chairman, president
and chief executive officer.  At the time of filing, the Debtor had
estimated both assets and liabilities ranging between $100 million
to $500 million each.

The Debtor is represented by Joseph L. Schwartz, Esq., Tara J.
Schellhorn, Esq. and Rachel F. Gillen, Esq., at Riker Danzig
Scherer Hyland & Perretti LLP.  The Debtor engaged Tracy L.
Klestadt, Esq., Joseph C. Corneau, Esq., and Christopher J. Reilly,
Esq., at Klestadt Winters Jureller Southard & Stevens, LLP as Local
New York Bankruptcy Counsel; and GORG as German Special Counsel.

The Debtor hired DeLoitte Transactions and Business Analytics LLP
as its Restructuring Advisor; and Donlin, Recano & Company, Inc. as
its Claims & Noticing Agent.


TURNER TREE: Second Amended Disclosure Statement Approved
---------------------------------------------------------
Judge Paul M. Black of the U.S Bankruptcy Court for the Western
District of Virginia conditionally approved the second amended
disclosure statement filed by Turner Tree & Landscape, LLC , n Jan.
5, 2017.

Feb. 6, 2017, is fixed as the last day for filing and serving
written objections to the disclosure statement and serving written
objections to confirmation of the plan.  Feb. 6, 2017, is fixed as
the last day for filing written acceptances or rejections of the
plan.

The hearing on final approval of the disclosure statement and for
the hearing on confirmation of the plan is on Feb. 8, 2017 at 11:30
a.m. at the U.S. Bankruptcy Court, 3rd Floor Courtroom, 700  Main
St., Danville, VA 24541.

Headquartered in Palmetto, FL,  Turner Tree & Landscape, LLC filed
for chapter 11 bankruptcy protection (Bankr. W.D.Va Case No.
15-62285)on Dec. 3, 2015, with estimated assets and liabilities of
$1 million to $10 million. The petition was signed by Darrell L.
Turner, manager.

The Debtor listed Bank of America as its largest unsecured
creditor
holding a claim of $24,513.


TUSCANY ENERGY: Has Until Feb. 10 to Use Armstrong Bank Cash
------------------------------------------------------------
Judge Erik P. Kimball of the U.S. Bankruptcy Court for the Southern
District of Florida authorized Tuscany Energy, LLC, to use
Armstrong Bank's cash collateral on an interim basis, until Feb.
10, 2017.

The Debtor is authorized to use cash collateral to pay actual and
necessary ordinary course operating expenses.

Judge Kimball authorized Donald Sider to accrue a $15,000
management fee during the period of the Court's Interim Order.
Judge Kimball, however, held that the Debtor will only provide Mr.
Sider with a payment of an amount up to $10,000 during the period
of the Interim Order, provided that such amount leaves the Debtor
with a $500 positive cash flow position at the end of the period of
the Interim Order, or Feb. 10, 2017.

The approved Cash Operating Plan, for the period Jan. 11, 2017 to
Feb. 10, 2017, provided for total lease operating expense in the
amount of $51,633, and total administrative expense in the amount
of $11,600.

Armstrong Bank was granted replacement liens to the same extent and
priority that Armstrong Bank held a properly perfected prepetition
security interest.

The Debtor is directed to maintain the dollar value of $141,000 in
cash and $76,000 in accounts receivable, subject to a reduction for
the Holiday Bonuses, so that on the date of the Interim Hearing,
the Debtor will have at least a total of $217,000 in cash on hand
and accounts receivable.

The Debtor is further directed to continue maintaining with
financially sound and reputable insurance companies, insurance
coverage in amounts and against risks as reasonably required by
Armstrong Bank, with such insurance policies reflecting Armstrong
Bank as loss payee and the U.S. Trustee as a notice party.

Judge Kimball ordered the Debtor to:

   (a) make any and all payments necessary to keep its property
operating and in good repair and condition and not to permit or
commit any waste thereof;

   (b) maintain all of its property in good condition and repair,
not commit any waste thereof and make all necessary replacements
thereof, and operate the same properly and efficiently; and

   (c) preserve and maintain all patents, licenses, privileges,
franchises, certificates and the like necessary for the operation
of its business.

An interim hearing on the use of cash collateral is scheduled on
Feb. 8, 2017 at 2:00 p.m.

A full-text copy of the Order, dated Jan. 9, 2017, is available at

http://bankrupt.com/misc/TuscanyEnergy2016_1610398epk_202.pdf

                     About Tuscany Energy

Tuscany Energy, LLC, filed for Chapter 11 bankruptcy protection
(Bankr. S.D. Fla. Case No. 16-10398) on Jan. 11, 2016.  The
petition was signed by Donald Sider, manager.  The case is assigned
to Judge Erik P. Kimball.  At the time of the filing, the Debtor
estimated assets at $100,000 to $500,000 and liabilities at $1
million to $10 million.   The Debtor is represented by Bradley S.
Shraiberg, Esq., at Shraiberg, Ferrara, & Landau P.A.  No official
committee of unsecured creditors has been appointed in the Chapter
11 case of Tuscany Energy.


UGHS SENIOR LIVING: Ch. 7 Conversion, Ch. 11 Trustee Sought
-----------------------------------------------------------
Van Kampen Pierre Knoxville, LLC, and Van Kampen Pierre Pearland,
LLC, ask the U.S. Bankruptcy Court for the Southern District of
Texas to enter Order converting the Chapter 11 cases of UGHS Senior
Living, Inc., et al., to cases under Chapter 7 Liquidation, or, in
the alternative, appoint a Chapter 11 Trustee for the Debtors.

The Debtors formerly operated senior living facilities.  According
to the Motion, there have been conflicting demands made on the
remaining proceeds from various creditors -- most of whom are
relying on documents executed by the Debtors prior to the November
10, 2015 petition date.  The professionals for the Debtors are in
the untenable position of having to try and harmonize transactions
that cannot be easily reconciled.  A trustee will not be burdened
by these challenges and can evaluate the positions of the various
parties and get the case resolved and cash distributed to the
creditors hopefully in an expeditious manner, the Movants tell the
Court.

Moreover, the Movants assert that the Debtors have no reasonable
likelihood of reorganizing.  All of their assets have been sold.
They have no continuing business operations.  There is no
opportunity for a rehabilitation of the Debtors in the manner
contemplated by section 1112 of the Bankruptcy Code, the Movants
said.  Therefore, the Movants submits that it is in the best
interests of the creditors for the case to either be converted to
one under Chapter 7 or to have a Chapter 11 Trustee appointed.

The Movants are represented by:

         Morris D. Weiss, Esq.
         WALLER LANSDEN DORTCH & DAVIS, LLP
         100 Congress Avenue, Suite 1800
         Austin, Texas 78701
         Tel.: (512) 685-6400
         Fax: (512) 685-6417
         Email: morris.weiss@wallerlaw.com

UGHS Senior Living, Inc., filed for Chapter 11 bankruptcy
protection (Bankr. S.D. Tex. Case No. 15-80399) on Nov. 10, 2015,
estimating its assets at up to $50,000 and liabilities at between
$1 million and $10 million. The petition was signed by Chad J.
Shandler, chief restructuring officer. Judge Letitia Z. Paul
presides over the case.

John F Higgins, IV, Esq., and Aaron James Power, Esq., at Porter
Hedges LLP serve as the Debtor's bankruptcy counsel.

These affiliates also filed separate Chapter 11 bankruptcy
petitions: TrinityCare Senior Living, LLC (Bankr. S.D. Tex. Case
No. 15-80400), UGHS Senior Living Real Estate of Port Lavaca, LLC
(Bankr. S.D. Tex. Case No. 15-80401), UGHS Senior Living Real
Estate of Pearland, LLC (Bankr. S.D. Tex. Case No. 15-80402), UGHS
Senior Living Real Estate of Knoxville, LLC (Bankr. S.D. Tex. Case
No. 15-80406), UGHS Senior Living of Pearland, LLC (Bankr. S.D.
Tex. Case No. 15-80404), UGHS Senior Living of Port Lavaca, LLC
(Bankr. S.D. Tex. Case No. 15-80405), UGHS Senior Living of
Knoxville, LLC (Bankr. S.D. Tex. Case No. 15-80406), TrinityCare
Senior Living of Covington, LLC (Bankr. S.D. Tex. Case No.
15-80407), TrinityCare Lighthouse of Pearland, LLC (Bankr. S.D.
Tex. Case No. 15-80408), and UGHS Senior Living Real Estate, LLC
(Bankr. S.D. Tex. Case No. 15-80409).

TrinityCare Senior Living, LLC, estimated its assets at between $1
million and $10 million and its liabilities at between $100,000 and
$500,000.

UGHS Senior Living, Inc., is headquartered at Friendswood, Texas.


UP FIELDGATE: Can Use Bancorp Bank Cash Collateral on Interim Basis
-------------------------------------------------------------------
Judge Cynthia C. Jackson of the U.S. Bankruptcy Court for the
Middle District of Florida authorized UP Fieldgate US
Investments-Fashion Square, LLC to use cash collateral of The
Bancorp Bank on an interim basis through the week ending January
27, 2017.  

The Debtor was authorized to use cash collateral to pay amounts
expressly authorized by the Court, including payments to the U.S.
Trustee for quarterly fees, the current and necessary expenses set
forth in the approved budget, and such additional amounts as may be
expressly approved in writing by Bancorp.

The approved Budget provides total operating expenses of
approximately $327,281 for the period from the week ending January
6, 2017 through the week ending January 27, 2017.

The Debtor was directed to maintain insurance coverage for its
property in accordance with the obligations under the loan and
security documents with Bancorp, and to grant to The Bancorp access
to its business records and premises for inspection.

Bancorp was granted a perfected post-petition lien against cash
collateral to the same extent and with the same validity and
priority as the prepetition lien, without the need to file or
execute any document as may otherwise be required under applicable
non-bankruptcy law, including Bancorp's lien in proceeds in any
debtor-in-possession bank account into which proceeds are
deposited.

Among other things, the Order provided other conditions to the
Debtor's use of cash collateral:

      (a) Mr. Scott Fish will not receive any payments, directly or
indirectly, from any source related to the Debtor;

      (b) Bancorp will have, as of the petition date, an
administrative expense claim for the diminution in the "Cash
Collateral" resulting by and through Debtor's use thereof;

      (c) The Debtor will furnish to Bancorp: (1) monthly operating
statements and financial reports, (2) a report showing a comparison
of the actual revenues and expenses versus the budgeted revenues
and expenses, and (3) an updated rent roll, accounts receivable and
accounts payable aging report, and updated documents for the other
reports identified in the above subparagraph;

      (d) The Debtor will provide Bancorp with a current or monthly
rent roll and copies of all leases and amendments and will not
enter into any new leases or amendments, for a period of greater
than 366 days, without Bancorp's consent or Court approval;

      (e) The Debtor will provide Bancorp copies of all service
agreements pertaining to the Shopping Mall, and will not enter into
any new agreements or amendments, except ordinary course and less
than 366 days without Bancorp's consent or Court approval;

      (f) The Debtor will deliver to Bancorp copies of check
register, and bank statements for the period since July 1, 2016 and
the same documents on continuing basis; and

      (g) The Debtor will provide Bancorp with proof of insurance
naming Bancorp as additional insured and loss payee as required by
the Loan Documents.  

A continued hearing on the Debtor's Motion will be held on January
25, 2017 at 10:00 a.m.

A full-text copy of the Interim Order, dated January 12, 2017, is
available at https://is.gd/hYeDRT


            About UP Fieldgate US Investments -
                  Fashion Square, LLC

UP Fieldgate US Investments - Fashion Square, LLC owns and operates
the Orlando Fashion Square Mall, an 80-acre mixed-use development
located near downtown Orlando, which includes a two-story indoor
shopping mall consisting of over 1,000,000 leasable square feet.
The Debtor currently leases a number of rental units within the
Mall and collects monthly rents from each tenant.

UP Fieldgate US Investments - Fashion Square, LLC and its affiliate
UP Development Key West Holdings, LLC filed separate Chapter 11
petitions (Bankr. M.D. Fla. Case Nos. 17-00088 and 17-00090) on
January 6, 2017.  The Petitions were signed by Scott D. Fish,
manager/member.  The cases are assigned to Judge Cynthia C.
Jackson.  

The Debtors are represented by R. Scott Shuker, Esq. and Daniel A.
Velasquez, Esq., at Latham, Shuker, Eden & Beaudine, LLP.  

At the time of filing, the UP Fieldgate estimated assets and
liabilities at $10 million to $50 million, while UP Development
estimated assets at $1 million to $10 million and liabilities at
$10 million to $50 million.


USA DISCOUNTERS: Liquidating Plan to Pay Unsecureds Up to 7%
------------------------------------------------------------
Unsecured creditors of USA Discounters, Ltd. will recover up to 7%
of their claims, according to the latest Chapter 11 of liquidation
proposed by the company and its affiliates.  

Under the liquidating plan, Class 4 general unsecured creditors
will get 5% to 7% of their allowed claims against USA Discounters.

The company's affiliates USA Discounters Holding Company, Inc., and
USA Discounters Credit, LLC do not anticipate there being any
holder of allowed general unsecured claims against them, thus, the
plan has not estimated a recovery percentage for them, according to
the latest disclosure statement filed on Dec. 27, 2016, with the
U.S. Bankruptcy Court in Delaware.

A copy of the disclosure statement is available for free at:

   http://bankrupt.com/misc/USADiscounters_DS12272016.pdf

                   About USA Discounters Ltd.

USA Discounters, Ltd. was founded in May 1991.  In the City of
Norfolk, Virginia, under the name USA Furniture Discounters, Ltd.
It sold goods through two groups of stores -- one group of
specialty retail stores operating under the "USA Living" brand,
typically in standalone locations, and seven additional retail
stores operating under the "Fletcher's Jewelers" brand, typically
in major shopping malls.

USA Discounters, Ltd., and two affiliates sought Chapter 11
bankruptcy protection (Bankr. D. Del. Lead Case No. 15-11755) on
Aug. 24, 2015, to wind down the business.

The Debtors tapped Pachulski Stang Ziehl & Jones LLP and Klee,
Tuchin, Bogdanoff & Stern LLP as attorneys, and Kurtzman Carson
Consultants, LLC, as claims and noticing agent.

USA Discounters Ltd. disclosed total assets of $97,490,455 plus an
undetermined amount and total liabilities of $63,011,206 plus an
undetermined amount.

The official committee of unsecured creditors is represented by
Kelly Drye & Warren LLP as lead counsel, Khler Harrison Harvey
Branzburg LLP as its Delaware co-counsel.  FTI Consulting, Inc.,
serves as its financial advisor.


VALUEPART INC: Allowed to Continue Using Cash Collateral
--------------------------------------------------------
Judge Harlin DeWayne Hale of the U.S. Bankruptcy Court for the
Northern District of Texas authorized ValuePart, Incorporated to
use cash collateral on an interim basis.

Judge Hale acknowledged that the Debtor has a need to use cash
collateral in order to fund working capital, operating expenses,
capital expenditures, fixed charges, payroll, and other general
corporate purposes arising in the Debtor's ordinary course of
business, necessary for the orderly maintenance and operation of
the Debtor’s business as a going concern.

The approved Budget reflected total operating disbursements of
$7,294,590 and total non-operating disbursements of $906,579 for
the period from the week ending December 24, 2016 through February
4, 2017.

The Debtor named ACF FinCo I LP, its senior lender, and Skokie
Investrade, Inc., its junior lenders, as the secured creditors with
interests in the cash collateral.

The adequate protection granted to ACF FinCo and Skokie Investrade
are:

     (a) From the Petition Date until such time as the Debtor no
longer uses ACF FinCo's Cash Collateral, the Debtor will deliver to
ACF FinCo timely and current monthly payments of $50,000 plus
accrued interest at the non-default rate as identified in the
Budget as Adequate Protection for Ares.

     (b) ACF FinCo and Skokie Investrade are each granted
replacement liens and security interests in all of the Debtor's
assets, in the same nature, extent, priority, and validity that
such liens, existed on the Petition Date, in the amount equal to
the aggregate diminution in value of the prepetition collateral, to
the extent of their interests therein.

The Debtor's right to use cash collateral will end at the earlier
of:

     (a) February 4, 2017, the last day of the time period set
forth in the approved Budget, or

     (b) a final hearing on the Debtor's Motion to use cash
collateral.

An interim hearing to consider further relief is scheduled on
February 1, 2017, at 10:30 a.m.

A full-text copy of the Fourth Interim Order, dated January 5,
2017, is available at https://is.gd/ElX4Kl


               About ValuePart, Incorporated

ValuePart, Incorporated is a Chicago-based distributor of high
quality, competitively priced, aftermarket replacement parts for
off-highway earthmoving equipment manufacturers such as
Caterpillar, Case, Komatsu, Deere, International, Bobcat and
Hitachi, along with many others. The Debtor operates from 8
locations in Illinois, Texas, Nevada, Washington, Ohio, Georgia,
Vancouver and Toronto, and employs approximately 70 employees.
Although headquartered in Vernon Hills, Illinois, the Debtor's
largest distribution center is located in Dallas, Texas.

ValuePart filed a Chapter 11 petition (Bankr. N.D. Tex. Case No.
16-34169), on Oct. 27, 2016.  The petition was signed by Isa
Passini, vice president.  The case is assigned to Judge Harlin
DeWayne Hale.  At the time of filing, the Debtor estimated both
assets and liabilities at $10 million to $50 million.

The Debtor is represented by Marcus Alan Helt, Esq., Mark C. Moore,
Esq., and Thomas C. Scannell, Esq., at Gardere Wynne Sewell LLP.
The Debtor's Restructuring Advisor is CR3 Partners, LLC; and the
Debtor's Claims and Noticing Agent is Upshot Services LLC.

The Office of the U.S. Trustee appointed the following creditors to
serve on the Official Committee of Unsecured Creditors: Federal
Mogul, Kunshan Taiheiya Precision Machinery, Pukdoo Industrial Co.,
Ltd, and Modena Parts S.R.L.


VANGUARD HEALTHCARE: HFS Files Limited Objection To Plan Outline
----------------------------------------------------------------
Healthcare Financial Solutions, LLC, filed a Limited
Objection/Reservation of Rights with respect to the disclosure
statement accompanying the joint plan of reorganization filed by
Vanguard Healthcare, LLC, et. al., on Nov. 30, 2016.

HFS asserts that, for the disclosure statement to provide "adequate
information" concerning the plan and related matters, it should be
amended to address the following:

   (i) The disclosure statement should more completely describe
HFS' secured claims, and should make clear that, notwithstanding
any internal allocation that may have been used by the Debtors, all
of the Debtors, non-Debtor borrowers and other credit parties are
jointly and severally liable for the full amount of the HFS Loan
Obligations.

  (ii) CCP Mustang Holdings LLC has filed an objection to the
disclosure statement, asserting that the disclosure statement
should include additional information relating to its alleged
unsecured claim of almost $10 million against Debtor Vanguard
Healthcare, LLC. In relation to this request, the disclosure
statement should include information regarding the complete
subordination of all claims (if any) now held by CCP Mustang to the
claims held by HFS. In particular, the disclosure statement should
disclose that, payment of, or any other type of distribution made
under the plan for, any allowed claim held by CCP Mustang is
subordinate and subject in right and time of payment to the
indefeasible payment in full of the HFS claims, including the Loan
Obligations.

The Debtors and HFS have engaged in extensive negotiations over a
period of months regarding the terms of a proposed consensual
restructure of the Loan Obligations owing by the Debtors and
non-Debtor borrowers.  It is HFS' position that, with respect to
the non-Debtor borrowers, any restructure is possible only with
HFS' agreement.  The Debtors and HFS have a (nonbinding)
understanding in principle regarding a consensual restructure of
the Loan Obligations.  Any agreement by HFS, however, is subject to
documentation through the final version of the plan, the plan
confirmation order, and restructured loan and security documents,
all in form and content acceptable to HFS in its sole discretion.

Based on the foregoing, HFS requests that the points raised in this
Limited Objection be addressed before the disclosure statement is
approved.

                 About Vanguard Healthcare

Vanguard is a long-term care provider headquartered in Brentwood,
Tennessee, providing rehabilitation and skilled nursing services
at
14 facilities in four states (Florida, Mississippi, Tennessee and
West Virginia).

Vanguard Healthcare, LLC, and 17 of its subsidiaries each filed a
Chapter 11 bankruptcy petition (Bankr. M.D Tenn. Lead Case No.
16-03296) on May 6, 2016.  The petitions were signed by William
D.
Orand, the CEO.  The cases are assigned to Judge Randal S.
Mashburn.

Vanguard estimated assets in the range of $100 million to $500
million and liabilities of up to $100 million.

The Debtors have hired Bradley Arant Boult Cummings LLP as counsel
and BMC Group as noticing agent.

The U.S. Trustee for Region appointed seven creditors of Vanguard
Healthcare, LLC, to serve on the official committee of unsecured
creditors. The committee members are Kindred Nursing Centers East,
L.L.C., Medline Industries, Inc., Healthcare Services Group, Inc.,
Kirk F. Hebert, Signature Healthcare, LLC, et al., Express
Courier, and Rezult Group, Inc.


VENUS HOSPITALITY: Unsecureds To Get $18,000 Under Plan
-------------------------------------------------------
Venus Hospitality, LLC, and Girirajan Mohan and Ragini Prajapati
filed with the U.S. Bankruptcy Court for the Eastern District of
Texas a supplemental disclosure statement with respect to the
Debtors' post-confirmation modified plan of reorganization.

Holders of Class 9 Allowed Unsecured Creditors of Venus
Hospitality, LLC's claims -- in the approximate amount of
$803,770.83 -- will be paid a total of $18,000 on the Effective
Date of the Plan from funds provided by Paresh Balu Patel and
Kinnari Prajapati.  Paresh Balu Patel and Kinnari Prajapati will
pay these funds to Girirajan Mohan and Ragini Prajapati.  In turn,
Girirajan Mohan and Ragini Prajapati will pay these funds to the
Maida Law Firm, PC, on behalf of Venus for the benefit of Class 9.
Paresh Balu Patel and Kinnari Prajapati will execute a "Gift
Letter" acknowledging that the payments are bona fide gifts and
that there is no obligation, expressed or implied, to repay the
sums.  The gift is not property of the estate.  These non-estate
funds are a new value to Class 9 in order for the Mohan's to
reacquire their equity in the estate.

Maida Law will deposit the sum of $18,000 into its Interest On
Lawyers Trust Account on or before the Effective Date of the Plan.
The distribution of the Fund will be in addition to the provisions
provided in Article VII of the Plan.  After all post-confirmation
deficiency claims and executor contract rejection damage claims are
filed and adjudicated, the Debtors' counsel will prepare a pro rata
distribution chart.  The Debtors' counsel will distribute the Fund
according to this distribution chart.  

In addition, Venus will pay Class 9 additional payments at the end
of calendar years 2013, 2014, and 2015.  The additional annual
payment amount will be the greater of $5,000 or 33% of annual net
profit for calendar years 2013, 2014, and 2015.  The annual payment
will be calculated by January 31st of each successive calendar year
by using an accountant prepared yearly operating report.  The
distribution of the Fund will be in addition to the provisions
provided in Article VII of the Plan.  The Annual Payment will be
distributed pro rata among the holders of allowed claims in Class 9
by February 15th of 2014, 2015, and 2016.  

Class 9 is impaired.

The Disclosure Statement is available at:

          http://bankrupt.com/misc/txeb12-10414-202.pdf

Headquartered in Orange, Texas, Venus Hospitality, LLC, dba Super 8
Orange, dba Motel 6, filed for Chapter 11 bankruptcy protection
(Bankr. E.D. Tex. Case No. 12-10414) on July 2, 2012, listing
$1,590,137 in assets and $3,121,179 in liabilities.  The petition
was signed by Girirajan Mohan, member-manager.

Frank J. Maida, Esq., at Maida Law Firm serves as the Debtor's
bankruptcy counsel.

Related entity Girirajan Mohan and Ragini Prajapati (Bankr. E.D.
Tex. Case No. 12-10415) filed a separate Chapter 11 petition on
July 2, 2012.

The cases are jointly administered under Venus Hospitality.


VESCO CONSULTING: Authorized to Use Cash Collateral Until June 30
-----------------------------------------------------------------
Judge Elizabeth E. Brown of the U.S. Bankruptcy Court for the
District of Colorado authorized VESCO Consulting Services, LLC to
use cash collateral through June 30, 2017.

In order to provide adequate protection for the Debtor's use of
cash collateral to Points West:

       (a) The Debtor will provide a replacement lien on all
post-petition accounts and inventory only to the extent that the
use of the cash collateral results in a decrease in the value of
the collateral;

       (b) The Debtor will maintain adequate insurance coverage on
all personal property and real property assets and adequately
insure against any potential loss;

       (c) The Debtor will provide to Points West all periodic
reports and information filed with the Bankruptcy Court;

       (d) Subject to any Supplemental Budget, the Debtor will only
expend cash collateral pursuant to the Budget subject to reasonable
fluctuation of no more than 15% for each expense line item per
month;

       (e) The Debtor will pay all post-petition taxes; and

       (f) The Debtor will retain in good repair all collateral in
which Points West has an interest.

In order to provide adequate protection for the Debtor's use of
cash collateral to the Colorado Department of Revenue:

       (a) The Debtor will transmit two equal adequate protection
payments to CDOR, on account of pre-petition trust fund taxes
collected by Debtor but not remitted to CDOR, each payment in the
amount of $5,337, with one payment due by January 31, 2017 and one
payment due by February 28, 2017;

       (b) For the post-petition period November, 2016, the Debtor
will pay sales taxes in the amount of $6,919 and wage withholding
taxes in the amount of $1,299 on or before January 6, 2017; and

       (c) The Debtor will timely file and pay all post-petition
tax returns as they come due post-petition.

A full-text copy of the Order, dated January 12, 2017, is available
at https://is.gd/nLBYTH


            About VESCO Consulting Services

VESCO Consulting Services, LLC sought protection under Chapter 11
of the Bankruptcy Code (Bankr. D. Colo. Case No. 16-21351) on
November 19, 2016.  The petition was signed by Michael Miller,
president.  The case is assigned to Judge Elizabeth E. Brown.  At
the time of the filing, the Debtor estimated its assets and
liabilities at $1 million to $10 million.

The Debtor is represented by Kevin S. Neiman, Esq. at the Law
Offices of Kevin S. Neiman, PC.

An official committee of unsecured creditors has not yet been
appointed in the Chapter 11 case of VESCO Consulting Services, LLC
as of Dec. 21, according to a court docket.


WGC INC: Unsecured Creditors To Get $0 Under Plan
-------------------------------------------------
WGC, Inc., and HMF Golf, Inc., filed with the U.S. Bankruptcy Court
for the Western District of Pennsylvania a joint disclosure
statement to accompany their joint plan of reorganization dated
Jan. 8, 2017.

Class 5 -- Unsecured Claims -- which total $534,395.50 -- are
impaired under the Plan.  The Class 5 claims will receive $0 from
the proposed sale and under this proposed plan.   

The source of funds for plan payments will be derived from proceeds
of the sale of Debtors' assets.  The Plan is to be implemented by
the sale of all assets, both real and personal, of both Debtors to
the "W" Club of Reno, Inc., or other qualified bidder, pending
court approval.

The Disclosure Statement is available at:

          http://bankrupt.com/misc/pawb16-10347-154.pdf

WGC, Inc., and HMF Golf, Inc., are businesses incorporated in the
Commonwealth of Pennsylvania.  They operate an 18-hole golf course
in Reno, Pennsylvania known as Wanango Golf Club.

WGC filed a Chapter 11 petition (Bankr. W.D. Pa. Case No. 16-10347)
on April 13, 2016, estimating assets of $0 to $50,000 and debts of
$1 million to $10 million.  The petition was signed by Steven
Shingledecker, general manager.

HMF filed a Chapter 11 petition (Bankr. W.D. Pa. Case No. 16-10346)
on April 13, 2016.

The Debtors are represented by Brian C. Thompson, Esq., at Thompson
Law Group, P.C.  The cases are assigned to Judge Thomas P. Agresti.


WORLD OF DISCOVERY: Unsecureds to be Paid 17.5% Over 3 Years
------------------------------------------------------------
Unsecured creditors of World of Discovery Inc. will get 17.5% of
their allowed claims under the company's proposed plan to exit
Chapter 11 protection.

Under the restructuring plan, holders of allowed Class 8 general
unsecured claims will be paid 17.5% of their claims, paid monthly
over three years.  Payments will start in January 2018.

The anticipated claims of general unsecured creditors total
$205,721.82.  Class 8 is impaired, according to the company's
disclosure statement filed on Dec. 27, 2016, with the U.S.
Bankruptcy Court for the District of Vermont.

A copy of the disclosure statement is available for free at:

    http://bankrupt.com/misc/WorldofDiscovery_DS12272016.pdf

World of Discovery is represented by:

     Rebecca Rice, Esq.
     Cohen & Rice
     26 West Street
     Rutland, VT 05701
     Phone: 802-775-7252
     Email: Steeplbush@aol.com

                    About World of Discovery

World of Discovery sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. D. Vt. Case No. 16-11293) on June 30, 2016.
The petition was signed by Kim Dyer, president.  

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

The Debtor was established in 2007 when Kim Dyer purchased a
building located at Rte 131 in Weathersfield, Vermont, after
running a successful registered inhome childcare in Cavendish VT
for four years.


XTERA COMMUNICATIONS: Taps Epiq as Administrative Advisor
---------------------------------------------------------
Xtera Communications, Inc. seeks approval from the U.S. Bankruptcy
Court for the District of Delaware to hire Epiq Bankruptcy
Solutions.

Epiq will serve as administrative advisor for Xtera and its
affiliates in connection with their Chapter 11 cases.  The services
to be provided by the firm include:

     (a) assisting in the preparation of the Debtors' schedules of

         assets and liabilities and statements of financial
         affairs;

     (b) assisting in the solicitation, balloting, tabulation, and

         calculation of votes in connection with the confirmation
         of any bankruptcy plan;

     (c) generating an official ballot certification and
         testifying, if necessary, in support of the ballot
         tabulation results for any bankruptcy plan;

     (d) assisting in claims objections, claims reconciliation and

         related matters; and

     (e) managing distributions pursuant to any confirmed
         bankruptcy plan.

The hourly rates charged by the firm are:

     Clerical/Admin Support           $25 – $45
     IT/Programming                   $65 – $85
     Case Managers                   $70 – $165
     Consultants/Directors/VP       $160 – $190
     Solicitation Consultant               $190
     Executive VP, Solicitation            $215
     Executives                       No Charge

Brian Karpuk, director of Epiq, disclosed in a court filing that
his firm is a "disinterested person" as defined in section 101(14)
of the Bankruptcy Code.

The firm can be reached through:

     Brian Karpuk
     Epiq Bankruptcy Solutions
     824 N. Market Street, Suite 412
     Wilmington, DE 19801

                   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 while BDO USA, LLP (BDO) serves
as its financial advisor.

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.


YIELD10 BIOSCIENCE: Director Matthew Strobeck Resigns
-----------------------------------------------------
Matthew Strobeck, a current director of Yield10 Bioscience, Inc.,
tendered his resignation from the Company's board of directors. Mr.
Strobeck's resignation was effective as of Jan. 10, 2017, and was
not the result of any disagreement, the Company said.  The Company
intends to fill the vacancy on its board resulting from Mr.
Strobeck's resignation.

Mr. Strobeck also served on the Company's audit committee during
his tenure on the board of directors.  His position on the
committee will be filled immediately through the board's selection
of current independent board member, Celeste Beeks Mastin.  Ms.
Mastin is the CEO of Distribution International, Inc., a supplier
of thermal insulation, safety equipment and environmental products.
Among her qualifications, Ms. Mastin holds a bachelor's degree in
chemical engineering from Washington State University and a
master's degree in business administration from the University of
Houston.

                    About Yield10 Bioscience

Yield10 Bioscience, Inc., formerly known as Metabolix, Inc., is
focused on developing disruptive technologies for producing
step-change improvements in crop yield to enhance global food
security.  Yield10 is leveraging an extensive track record of
innovation based around optimizing the flow of carbon intermediates
in living systems.  By working on new approaches to improve
fundamental elements of plant photosynthetic efficiency and
optimizing carbon metabolism to direct more carbon to seed
production, Yield10 is advancing several yield traits it has
developed in crops such as Camelina, canola, soybean and corn.
Yield10 is based in Woburn, MA.

Metabolix changed its name to Yield10 Bioscience, Inc., effective
Jan. 9, 2017 to reflect the new mission and strategic direction of
the business.

Metabolix reported a net loss of $23.68 million in 2015, a net loss
of $29.53 million in 2014 and a net loss of $30.50 million in
2013.

As of Sept. 30, 2016, Metabolix had $13.52 million in total assets,
$4.94 million in total liabilities and $8.57 million in total
stockholders' equity.

PricewaterhouseCoopers LLP, in Boston, Massachusetts, issued a
"going concern" qualification on the consolidated financial
statements for the year ended Dec. 31, 2015, citing that the
Company has suffered recurring losses from operations and has
insufficient capital resources, which raises substantial doubt
about its ability to continue as a going concern.


[*] Schulte Roth & Zabel Announces Promotions of Attorneys
----------------------------------------------------------
Schulte Roth & Zabel (SRZ) on Jan. 10, 2017, announced the election
of Antonio L. Diaz-Albertini, Seth R. Henslovitz, Seetha
Ramachandran and Ji Hye You as partners.  The firm also announced
the promotion of Conrad Axelrod, Melissa G.R. Goldstein, Scott A.
Heard and Jenny K. Needelman to special counsel.  The promotions
were effective Jan. 1, 2017.

Mr. Diaz-Albertini, Mr. Henslovitz, Ms. Ramachandran, Ms. You, Mr.
Axelrod, Mr. Heard and Ms. Needelman are resident in the firm's New
York office, and Ms. Goldstein is in the Washington, D.C. office.

"We are excited to recognize these highly skilled practitioners who
have distinguished themselves as leading lawyers in the industry,"
said Alan S. Waldenberg, chair of the firm's Executive Committee.
"These individuals are trusted advisers and we expect them to make
outstanding contributions in their new roles."

PARTNERS

Antonio L. Diaz-Albertini, a partner in the Finance and M&A and
Securities Groups, advises private equity funds, global investment
banking firms, commercial banks and public and private corporations
in finance transactions, including syndicated credit facilities,
the issuance of secured and unsecured high-yield debt securities
and the issuance of equity securities.  He works on both the bank
and high-yield aspects of acquisition financings, refinancings and
out-of-court debt restructurings.  Mr. Diaz-Albertini received his
J.D., magna cum laude, from Syracuse University College of Law and
his B.S., magna cum laude, from Bryant University.

Seth R. Henslovitz, a partner in the Real Estate Group,
concentrates on real estate transactions, including representing
lenders and borrowers in connection with commercial mortgage and
mezzanine financing, acquisitions and dispositions of mortgage and
mezzanine debt, acquisitions and dispositions of commercial
properties, workouts and restructurings and negotiation of joint
venture agreements.  His clients include real estate private equity
funds, major financial and commercial lending institutions and
developers, owners and operators of commercial office buildings,
shopping centers, hotels, residential complexes, industrial
properties and undeveloped land.  Mr. Henslovitz received his J.D.
from Benjamin N. Cardozo School of Law and his B.B.A., with
distinction, from University of Wisconsin-Madison.

Seetha Ramachandran, a partner in the Litigation Group, focuses on
anti-money laundering (AML) and OFAC compliance, criminal and
regulatory investigations and enforcement, internal investigations,
and civil and criminal forfeiture matters.  She represents
individuals as well as a range of companies including hedge funds,
private equity funds, banks, broker-dealers and money services
businesses.  She is a former Deputy Chief in the Asset Forfeiture
and Money Laundering Section (AFMLS) of the DOJ, where she was the
first head of the Money Laundering and Bank Integrity Unit and
oversaw the first major AML prosecutions.  She is also a former
Assistant U.S. Attorney for the Southern District of New York. Ms.
Ramachandran received her J.D. from Columbia Law School, and her
B.A., magna cum laude, from Brown University.

Ji Hye You, a partner in the Finance Group, focuses her practice on
commercial and corporate finance transactions and representation of
private equity funds, hedge funds, investment banks and borrowers
in a wide range of domestic and cross-border financing
transactions, including asset-based and cash-flow facilities,
acquisition and leveraged finance facilities, working capital
facilities, secured financings, syndicated credit facilities and
subordinated debt financings.  Ms. You received her J.D. from
Fordham University School of Law and her B.S., with distinction,
from Cornell University, School of Hotel Administration.

SPECIAL COUNSEL

Conrad Axelrod, a special counsel in the Investment Management
Group, focuses on the formation and structuring of private equity
and alternative investment funds, with a particular emphasis on
real estate, credit and infrastructure funds.  He received his
LL.M. from the Humboldt University of Berlin and his LL.B. and
B.Sc. from the University of Tasmania.

Melissa G.R. Goldstein, a special counsel in the Bank Regulatory
Group, advises financial institutions on matters involving federal
and state regulatory compliance, in particular those involving AML
matters regulated under the USA PATRIOT Act and Bank Secrecy Act.
She is a former attorney-advisor with the U.S. Department of the
Treasury's Financial Crimes Enforcement Network (FinCEN).  She
received her J.D. from Fordham University School of Law and her
B.S., with honors, from Cornell University.

Scott A. Heard, a special counsel in the Finance Group, focuses on
representing agents, lenders and borrowers in a variety of domestic
and cross-border financing transactions, including asset-based and
cash flow financings, first lien, second lien and
first-out/last-out financings, acquisition financings,
debtor-in-possession and exit financings, and debt restructurings
and workouts.  He received his J.D. from University of Buffalo
School of Law.

Jenny K. Needelman, a special counsel in the Individual Client
Services Group, has extensive experience advising clients on a
broad array of matrimonial issues, from the valuation and
allocation of substantial and complex assets, to the most
productive parenting arrangement for minor children.  She received
her J.D. from New York University School of Law and her B.A., cum
laude, from Harvard College.

                      About Schulte Roth & Zabel

Schulte Roth & Zabel LLP -- http://www.srz.com/-- is a
full-service law firm with offices in New York, Washington, D.C.
and London.  The firm regularly advises clients on corporate and
transactional matters, as well as providing counsel on regulatory,
compliance, enforcement and investigative issues.  The firm's
practices include: bank regulatory; bankruptcy & creditors' rights
litigation; broker-dealer regulatory & enforcement; business
reorganization; complex commercial litigation; cybersecurity;
distressed debt & claims trading; distressed investing; education
law; employment & employee benefits; energy; environmental;
finance; financial institutions; hedge funds; individual client
services; insurance; intellectual property, sourcing & technology;
investment management; litigation; mergers & acquisitions; PIPEs;
private equity; real estate; real estate capital markets & REITs;
real estate litigation; regulated funds; regulatory & compliance;
securities & capital markets; securities enforcement; securities
litigation; securitization; shareholder activism; structured
finance & derivatives; tax; and white collar defense & government
investigations.


[^] BOND PRICING: For the Week from January 9 to 13, 2017
---------------------------------------------------------
  Company                   Ticker  Coupon Bid Price   Maturity
  -------                   ------  ------ ---------   --------
A. M. Castle & Co           CASL      7.00     58.00 12/15/2017
American Tower Corp         AMT       7.25    109.18  5/15/2019
Avaya Inc                   AVYA     10.50     20.75   3/1/2021
Avaya Inc                   AVYA     10.50     25.00   3/1/2021
BPZ Resources Inc           BPZR      6.50      3.02   3/1/2015
BPZ Resources Inc           BPZR      6.50      3.02   3/1/2049
Berry Petroleum Co LLC      LINE      6.75     61.50  11/1/2020
Buffalo Thunder
  Development Authority     BUFLO    11.00     37.75  12/9/2022
CEDC Finance Corp
  International Inc         CEDC     10.00     29.88  4/30/2018
Caesars Entertainment
  Operating Co Inc          CZR      12.75     74.00  4/15/2018
Caesars Entertainment
  Operating Co Inc          CZR       5.75     66.75  10/1/2017
Chassix Holdings Inc        CHASSX   10.00      8.00 12/15/2018
Chassix Holdings Inc        CHASSX   10.00      8.00 12/15/2018
Chesapeake Energy Corp      CHK       6.50    102.41  8/15/2017
Chukchansi Economic
  Development Authority     CHUKCH    9.75     42.50  5/30/2020
Chukchansi Economic
  Development Authority     CHUKCH    9.75     42.25  5/30/2020
Cinedigm Corp               CIDM      5.50     10.00  4/15/2035
Claire's Stores Inc         CLE       9.00     52.25  3/15/2019
Claire's Stores Inc         CLE       8.88     21.00  3/15/2019
Claire's Stores Inc         CLE      10.50     70.75   6/1/2017
Claire's Stores Inc         CLE       7.75     11.88   6/1/2020
Claire's Stores Inc         CLE       9.00     52.50  3/15/2019
Claire's Stores Inc         CLE       7.75     11.88   6/1/2020
Claire's Stores Inc         CLE       9.00     52.38  3/15/2019
Cobalt International
  Energy Inc                CIE       2.63     40.50  12/1/2019
Concho Resources Inc        CXO       6.50    103.23  1/15/2022
Cumulus Media Holdings Inc  CMLS      7.75     40.00   5/1/2019
DFC Finance Corp            DLLR     10.50     50.00  6/15/2020
DFC Finance Corp            DLLR     10.50     49.63  6/15/2020
EXCO Resources Inc          XCO       7.50     53.55  9/15/2018
Emergent Capital Inc        EMG       8.50     40.00  2/15/2019
Energy Conversion
  Devices Inc               ENER      3.00      7.88  6/15/2013
Energy Future
  Holdings Corp             TXU       6.50     13.75 11/15/2024
Energy Future
  Holdings Corp             TXU       6.55     14.00 11/15/2034
Energy Future
  Holdings Corp             TXU      11.25     13.38  11/1/2017
Energy Future
  Holdings Corp             TXU       9.75     29.25 10/15/2019
Energy Future
  Holdings Corp             TXU      10.88     13.38  11/1/2017
Energy Future
  Intermediate Holding
  Co LLC / EFIH
  Finance Inc               TXU      10.00     21.75  12/1/2020
Energy Future
  Intermediate Holding
  Co LLC / EFIH
  Finance Inc               TXU      10.00     24.05  12/1/2020
Energy Future
  Intermediate Holding
  Co LLC / EFIH
  Finance Inc               TXU       9.75     30.00 10/15/2019
Energy Future
  Intermediate Holding
  Co LLC / EFIH
  Finance Inc               TXU       6.88     22.00  8/15/2017
Erickson Inc                EAC       8.25     25.25   5/1/2020
Evergreen Solar Inc         ESLR      4.00      0.39  7/15/2013
FXCM Inc                    FXCM      2.25     55.50  6/15/2018
Fleetwood Enterprises Inc   FLTW     14.00      3.56 12/15/2011
Forbes Energy Services Ltd  FESL      9.00     43.25  6/15/2019
GenOn Energy Inc            GENONE    7.88     78.92  6/15/2017
Goodman Networks Inc        GOODNT   12.13     35.00   7/1/2018
Gymboree Corp/The           GYMB      9.13     35.00  12/1/2018
Homer City Generation LP    GE        8.14     40.75  10/1/2019
Horsehead Holding Corp      ZINC     10.50     80.25   6/1/2017
Illinois Power
  Generating Co             DYN       7.00     37.00  4/15/2018
Illinois Power
  Generating Co             DYN       6.30     36.63   4/1/2020
Iracore International
  Holdings Inc              IRACOR    9.50     53.63   6/1/2018
Iracore International
  Holdings Inc              IRACOR    9.50     53.63   6/1/2018
IronGate Energy
  Services LLC              IRONGT   11.00     37.38   7/1/2018
IronGate Energy
  Services LLC              IRONGT   11.00     37.38   7/1/2018
IronGate Energy
  Services LLC              IRONGT   11.00     37.00   7/1/2018
IronGate Energy
  Services LLC              IRONGT   11.00     37.00   7/1/2018
Jack Cooper Holdings Corp   JKCOOP    9.25     43.78   6/1/2020
James River Coal Co         JRCC      7.88      1.52   4/1/2019
Kellwood Co                 KWD       7.63     81.13 10/15/2017
Lehman Brothers
  Holdings Inc              LEH       1.00      2.59   6/9/2009
Lehman Brothers
  Holdings Inc              LEH       1.00      2.59  7/21/2009
Lehman Brothers
  Holdings Inc              LEH       2.07      2.59  6/15/2009
Lehman Brothers
  Holdings Inc              LEH       1.00      2.59  9/16/2010
Lehman Brothers
  Holdings Inc              LEH       5.00      2.59   2/7/2009
Lehman Brothers
  Holdings Inc              LEH       1.00      2.59  9/16/2010
Lehman Brothers
  Holdings Inc              LEH       1.25      2.59  3/22/2012
Lehman Brothers
  Holdings Inc              LEH       1.00      2.59   9/7/2012
Lehman Brothers
  Holdings Inc              LEH       1.00      2.59  12/9/2012
Lehman Brothers
  Holdings Inc              LEH       1.00      2.59  3/29/2014
Lehman Brothers
  Holdings Inc              LEH       1.00      2.59  8/17/2014
Lehman Brothers
  Holdings Inc              LEH       4.00      2.59  4/30/2009
Lehman Brothers
  Holdings Inc              LEH       1.00      2.59  11/3/2011
Lehman Brothers
  Holdings Inc              LEH       1.60      2.59  11/5/2011
Lehman Brothers
  Holdings Inc              LEH       1.25      2.59   8/5/2012
Lehman Brothers
  Holdings Inc              LEH       2.00      2.59   3/3/2009
Lehman Brothers
  Holdings Inc              LEH       1.50      2.59  3/29/2013
Lehman Brothers
  Holdings Inc              LEH       1.38      2.59  6/15/2009
Lehman Brothers
  Holdings Inc              LEH       1.00      2.59 10/17/2013
Lehman Brothers
  Holdings Inc              LEH       1.25      2.59   2/6/2014
Lehman Brothers
  Holdings Inc              LEH       1.00      2.59  8/17/2014
Lehman Brothers
  Holdings Inc              LEH       1.00      2.59  11/2/2011
Lehman Brothers Inc         LEH       7.50      1.23   8/1/2026
Light Tower Rentals Inc     LHTTWR    8.13     43.00   8/1/2019
Light Tower Rentals Inc     LHTTWR    8.13     43.00   8/1/2019
Linn Energy LLC /
  Linn Energy
  Finance Corp              LINE      6.50     43.50  5/15/2019
Linn Energy LLC /
  Linn Energy
  Finance Corp              LINE      7.75     44.00   2/1/2021
Linn Energy LLC /
  Linn Energy
  Finance Corp              LINE      6.25     44.50  11/1/2019
Linn Energy LLC /
  Linn Energy
  Finance Corp              LINE      6.25     44.13  11/1/2019
Linn Energy LLC /
  Linn Energy
  Finance Corp              LINE      6.25     44.13  11/1/2019
MF Global Holdings Ltd      MF        3.38     26.00   8/1/2018
MModal Inc                  MODL     10.75     10.13  8/15/2020
Midstates Petroleum
  Co Inc / Midstates
  Petroleum Co LLC          MPO      10.75      0.76  10/1/2020
Mirant Mid-Atlantic
  Series B Pass
  Through Trust             GENONE    9.13     87.00  6/30/2017
Modular Space Corp          MODSPA   10.25     56.00  1/31/2019
Modular Space Corp          MODSPA   10.25     55.88  1/31/2019
NRG REMA LLC                GENONE    9.24     85.00   7/2/2017
New Gulf Resources LLC/
  NGR Finance Corp          NGREFN   12.25      2.63  5/15/2019
New Gulf Resources LLC/
  NGR Finance Corp          NGREFN   12.25      2.63  5/15/2019
New Gulf Resources LLC/
  NGR Finance Corp          NGREFN   12.25      2.63  5/15/2019
Nine West Holdings Inc      JNY       8.25     21.50  3/15/2019
Nine West Holdings Inc      JNY       6.88     24.25  3/15/2019
Nine West Holdings Inc      JNY       8.25     22.25  3/15/2019
Nuverra Environmental
  Solutions Inc             NESC      9.88     11.32  4/15/2018
OMX Timber Finance
  Investments II LLC        OMX       5.54      9.13  1/29/2020
Peabody Energy Corp         BTU       6.00     49.00 11/15/2018
Peabody Energy Corp         BTU       6.00     59.25 11/15/2018
Peabody Energy Corp         BTU       6.00     46.25 11/15/2018
Permian Holdings Inc        PRMIAN   10.50     30.00  1/15/2018
Permian Holdings Inc        PRMIAN   10.50     30.00  1/15/2018
Pernix Therapeutics
  Holdings Inc              PTX       4.25     25.00   4/1/2021
Pernix Therapeutics
  Holdings Inc              PTX       4.25     25.10   4/1/2021
Prospect Holding Co LLC /
  Prospect Holding
  Finance Co                PRSPCT   10.25     47.88  10/1/2018
Prospect Holding Co LLC /
  Prospect Holding
  Finance Co                PRSPCT   10.25     47.88  10/1/2018
Rex Energy Corp             REXX      8.88     39.92  12/1/2020
River Rock
  Entertainment Authority   RIVER     9.00     21.25  11/1/2018
Rolta LLC                   RLTAIN   10.75     23.13  5/16/2018
SAExploration
  Holdings Inc              SAEX     10.00     50.38  7/15/2019
Samson Investment Co        SAIVST    9.75      7.18  2/15/2020
Sequa Corp                  SQA       7.00     56.00 12/15/2017
Sequa Corp                  SQA       7.00     56.25 12/15/2017
Sidewinder Drilling Inc     SIDDRI    9.75      6.50 11/15/2019
Sidewinder Drilling Inc     SIDDRI    9.75      6.50 11/15/2019
Stone Energy Corp           SGY       1.75     60.00   3/1/2017
SunEdison Inc               SUNE      5.00     38.00   7/2/2018
SunEdison Inc               SUNE      2.00      3.50  10/1/2018
SunEdison Inc               SUNE      2.38      3.50  4/15/2022
SunEdison Inc               SUNE      0.25      3.20  1/15/2020
SunEdison Inc               SUNE      2.75      3.50   1/1/2021
SunEdison Inc               SUNE      2.63      3.25   6/1/2023
SunEdison Inc               SUNE      3.38      2.75   6/1/2025
TMST Inc                    THMR      8.00     10.36  5/15/2013
Talos Production LLC /
  Talos Production
  Finance Inc               TALPRO    9.75     52.50  2/15/2018
Talos Production LLC /
  Talos Production
  Finance Inc               TALPRO    9.75     55.38  2/15/2018
TerraVia Holdings Inc       TVIA      5.00     43.00  10/1/2019
TerraVia Holdings Inc       TVIA      6.00     65.75   2/1/2018
Terrestar Networks Inc      TSTR      6.50     10.00  6/15/2014
TetraLogic
  Pharmaceuticals Corp      TLOG      8.00      5.50  6/15/2019
Texas Competitive
  Electric Holdings
  Co LLC / TCEH
  Finance Inc               TXU      11.50     28.63  10/1/2020
Texas Competitive Electric
  Holdings Co LLC /
  TCEH Finance Inc          TXU      15.00      0.67   4/1/2021
Trans-Lux Corp              TNLX      8.25     20.13   3/1/2012
UCI International LLC       UCII      8.63     26.50  2/15/2019
Venoco LLC                  VQ        8.88      1.27  2/15/2019
Verso Paper Holdings
  LLC / Verso Paper Inc     VRS      11.75     17.00  1/15/2019
Verso Paper Holdings
  LLC / Verso Paper Inc     VRS      11.75     17.00  1/15/2019
Violin Memory Inc           VMEM      4.25      8.50  10/1/2019
Walter Energy Inc           WLTG      8.50      0.42  4/15/2021
Walter Energy Inc           WLTG      9.88      0.48 12/15/2020
Walter Energy Inc           WLTG      9.88      0.48 12/15/2020
Walter Energy Inc           WLTG      9.88      0.48 12/15/2020
iHeartCommunications Inc    IHRT     10.00     73.00  1/15/2018
rue21 inc                   RUE       9.00     19.94 10/15/2021
rue21 inc                   RUE       9.00     22.00 10/15/2021


                            *********

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 2017.  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.
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                   *** End of Transmission ***