TCR_Public/170118.mbx          T R O U B L E D   C O M P A N Y   R E P O R T E R

              Wednesday, January 18, 2017, Vol. 21, No. 17

                            Headlines

3490RT94 LLC: Taps Giordano Halleran as Legal Counsel
ABC DISPOSAL: Cash Collateral Hearing Continued to Feb. 14
ACTUANT CORP: Egan-Jones Lowers Sr. Unsecured Ratings to BB-
AEROPOSTALE INC: Court Extends Plan Filing Period to March 1
ALESSI FAMILY: Can Continue Using Cash Collateral Until Jan. 31

ALLY FINANCIAL: Declares Dividend on Common Stock
APOLLO ENDOSURGERY: Sabby Has Less Than 1% Stake as of Jan. 18
ARCHDIOCESE OF ST. PAUL: Abuse Victims to Vote on Competing Plans
ARMADA WATER: Seeks March 20 Extension for Filing Chapter 11 Plan
ASANDA INC: Wants Court Approval for Cash Collateral Use

ASCENT GROUP: Taps Ankura Consulting as Transaction Advisor
ATOPTECH INC: Files Voluntary Chapter 11 Bankruptcy Petition
ATWOOD OCEANICS: S&P Cuts CCR to B- on Prolonged Industry Weakness
AUTUMN COVE: Allowed to Use COMM 2014-LC17 Cash on Final Basis
AVENUE C TENANTS: Wants Solicitation Period Extended to April 13

BAIA LLC: Hires McNamee Hosea Jernigan as Counsel
BARTON PROPERTIES: Taps C.J. Pagano as Real Estate Broker
BIOSTAR PHARMACEUTICALS: Amends 346,429 Shares Prospectus with SEC
BULOVA TECHNOLOGIES: Incurs $8.06 Million Net loss in Fiscal 2016
C & D PRODUCE: Plan Exclusivity Extended Through March 17

C.H.I.R. CORPORATION: Seeks Mar. 20 Solicitation Period Extension
CAESARS ENTERTAINMENT: Unit Clears Way to Exit Chapter 11
CAMERON HUGHES: Sold to Vintage Wine Estates for $5.5-Mil.
CHILDREN'S OPPORTUNITY: Hires Flaster/Greenberg as Attorney
CHINA BAK: Reports $12.6 Million Net Loss for Fiscal 2016

CHOICE HEALTH: Hires Ferlita Walsh Gonzales as Accountant
CLUB VILLAGE: Has Until Feb. 20 to File Chapter 11 Plan
COBALT INTERNATIONAL: Amends $1 Billion Prospectus With SEC
CONSTELLATION BRANDS: Moody's Ups Unsecured Debt Ratings From Ba1
DAVE 60 NYC: Plan Filing Deadline Extended Through May 23

DEPENDABLE AUTO: Taps JND Corporate as Solicitation Agent
ECHOSTAR CORP: Egan-Jones Cuts Sr. Unsecured Ratings to BB+
EDWARD J. MALIK: Seeks to Hire Ghandi Deeter as Legal Counsel
EMERALD GRANDE: Wants Court to Allow Cash Collateral Use
EXPERIMENTAL MACHINE: Seeks to Hire Naden/Lean as Accountant

FANSTEEL INC: Hires Clark Hill as Environmental Counsel
FANSTEEL INC: Hires Stantec as Environmental Consultant
FARMACIAS FREDDY: Hires Batista Law Group as Counsel
FERGUSON CONVALESCENT: Trustee Taps Marcus & Millichap as Broker
FLORIDA FOREST: Disclosure Statement Hearing Set for Feb. 2

FOUNTAINS OF BOYNTON: Has Until Feb. 6 to Solicit Plan Acceptances
FUNCTION(X) INC: Borrows Add'l $250,000 from Sillverman Investment
GARDEN FRESH: Selling Assets to New York Investment Firm
GIBSON ENERGY: S&P Affirms 'BB' Rating on Sr. Unsecured Debt
GK HOLDINGS: S&P Lowers CCR to 'B-', on CreditWatch Negative

GLYECO INC: Wynnefield Reports 27% Equity Stake as of Dec. 27
GOLFSMITH INTERNATIONAL: Seeks May 12 Plan Filing Period Extension
GOOD FIGHT OF FAITH ASSEMBLY: Seeks to Hire Henry as Attorney
GRACIOUS HOME: Seeks to Employ Trenk DiPasquale as Counsel
GRACIOUS HOME: To Hire Prime Clerk as Claims and Noticing Agent

HANJIN SHIPPING: U.S. Creditors Oppose $78M Sale of Terminal
HOLSTED MARKETING: Can Get $200,000 Loan From Victor Benson
HOMER CITY: Unsecureds To Recoup 100% Under Ch. 11 Plan
HUDSON VALLEY MALL: Loan Now Delinquent, Moody's Says
IDDINGS TRUCKING: Hires Strip Hoppers Leithart as Counsel

IHEARTCOMMUNICATIONS INC: Parent Grants $4.25M Retention Bonuses
INNOVATIVE CONSTRUCTION: Court Denies Approval of Plan Outline
INT'L SHIPHOLDING: Feb. 16 Plan Confirmation Hearing Set
INT'L SHIPHOLDING: Taps H Clarkson, Jacq. Pierot as Brokers
INTELLIPHARMACEUTICS INT'L: Partner Launches 25 & 35 mg Focalin

JDR METAL & GLASS: Taps Bueno and Company as Accountant
JDR METAL & GLASS: Taps Cullen and Dykman as Legal Counsel
KINGDOM REAL ESTATE: Seeks to Hire Lindauer as Legal Counsel
KOKUA TECHNOLOGIES: Hires McDowell Posternock as Attorney
KOPPERS HOLDINGS: Moody's Affirms Ba3 CFR & Rates New Bonds B1

KOPPERS INC: S&P Raises CCR to 'B+' on Expected Loan Refinancing
LA PALOMA GENERATING: Hires O'Melveny & Myers as Attorneys
LINN ENERGY: Has Until April 16 to File Chapter 11 Plan
LODGE PARTNERS: Unsecureds May Recoup 75% Under Plan
MAGNACHIP SEMICONDUCTOR: $75MM Notes No Impact on Moody's Caa1 Rtg

MALIBU LIGHTING: Plan Filing Period Extended to Feb. 21
MALL AT THE SOURCE: Moody's Sees "Significant Loss" to $124MM Loan
MEMORIAL PRODUCTION: Case Summary & 30 Largest Unsecured Creditors
MEMORIAL PRODUCTION: Files Ch. 11 With Plan to Wipe Out $1.3B Debt
MEMORIAL PRODUCTION: Has Plan Deal With Revolving Lenders

MIAMI TEES: Fla. DOR to Get $17,876, Plus 4.5% Interest
MICHAEL D. COHEN: Court Permits Cohens to File Plan by April 26
MIDWAY GOLD: Seeks Solicitation Exclusivity Thru Feb. 22
NEW COUNTRY WIRELESS: Taps Todd & Weld as Special Counsel
NORTHEAST ENERGY: Case Summary & 20 Largest Unsecured Creditors

OLIVE MERGER: Moody's Hikes 2nd Lien Debt Rating to Caa1
ON-CALL STAFFING: Seeks to Hire J.E. Vance as Accountant
OTS CAPITAL: Seeks June 12 Plan Filing Period Extension
P3 FOODS: Can Use Element Financial Cash Collateral Until Feb. 10
PARAGON OFFSHORE: Court Extends Plan Filing Period to Jan. 26

PARKLAND FUEL: S&P Affirms 'BB-' Rating on Sr. Unsecured Debt
PAYLESS SHOESOURCE: Explores Debt Restructuring
PEABODY ENERGY: Secures $1.5-Bil Financing to Exit Chapter 11
PHILADELPHIA HEALTH SYSTEM: Hires Dilworth Paxson as Counsel
PHILI EQUITIES: Wants Plan Filing Period Extended for 90 Days

PLAYPOWER INC: Moody's Affirms B3 CFR & Cuts 1st Lien Debt to B3
PT USA LP: Plan Filing Deadline Extended Through March 30
PUERTO RICO: Turns to Lewandowski to Lobby Trump on Debt
RACKSPACE HOSTING: Egan-Jones Lowers Sr. Unsecured Ratings to BB
RADIATE HOLDCO: Moody's Rates New $400MM Unsecured Notes 'Caa1'

RECYCLING GROUP: Can Use Sutton Bank, IRS Cash on Final Basis
RED RIVER: Court Allows Cash Collateral Use Until Feb. 28
RENWTRICITY: To Hire Greenberg Firm as Corp. & Conflicts Counsel
RIDGEVILLE PLAZA: Hires McNamee Hosea Jernigan as Counsel
RMS TITANIC: Plan Filing Deadline Extended Through April 10

RO & SONS: Seeks to Hire Carlo M. Barto as Counsel
RO & SONS: Wants to Use Falcon International Bank Cash Collateral
ROCK HILL: Case Summary & 5 Unsecured Creditors
ROUST CORP: Court Approves Disclosures, Confirms Ch. 11 Plan
RUXTON DESIGN: Taps Stephen Kleeman as Legal Counsel

S-3 PUMP: BoW, Lenders Oppose Approval of Plan Outline
SAMSON RESOURCES: Unsecureds To Recoup Up to 7.5% Under Plan
SANCHEZ ENERGY: S&P Puts 'B' ICR on CreditWatch Positive
SCOTT A. BERGER: Has Until March 8 to Use Cash Collateral
SEBRING MANAGEMENT: Plan Administrator Hires Morgan & Morgan

SHEEHAN PIPE LINE: EisnerAmper's Phillips Appointed as Advisor
SILVERSEA CRUISE: Moody's Hikes Secured Notes Rating to B2
SKYLINE CORP: Grants 18,000 Stock Options to President and CEO
SKYLINE EMS: Wants Approval to Use IRS Cash Collateral
SPENCER TRANSPORTATION: Wants to Use Cash Collateral for 30 Days

STAR GAS: Egan-Jones Hikes Sr. Unsecured Ratings to BB-
STONEMOR PARTNERS: S&P Affirms B- Rating on Sr. Unsecured Debt
SUN PROPERTY: Plan Filing Deadline Extended Through July 12
SUNOCO LP: S&P Lowers CCR to 'BB-'; Outlook Negative
SUNPOWER BY RENEWABLE: Has Until March 10 to File Chapter 11 Plan

TAMARACK DEVELOPMENT: Taps Wardrop & Wardrop as Legal Counsel
THREE AMIGOS: Hires David Carlebach as Attorney
TKC HOLDINGS: Moody's Assigns B2 Corp. Family Rating
TKC HOLDINGS: S&P Assigns 'B' CCR on Weak Credit Metrics
TRANSGENOMIC INC: Nasdaq Grants Continued Listing Until Feb. 19

TRANSGENOMIC INC: To Negotiate With Investors to Avert Default
TRENDSETTER HR: Wants Akerman to Continue to Serve as Lead Counsel
TRUE RELIGION: Moody's Lowers CFR to "Ca" on Earnings Decline
UNITED NETWORKING: Disclosures Okayed, Plan Hearing on Feb. 2
USG CORP: Egan-Jones Hikes Sr. Unsecured Ratings to BB+

VINH PHAT SUPERMARKET: Has Until March 17 to File Chapter 11 Plan
VISUALANT INC: Promissory Notes Converted Into 936,348 Shares
VYCOR MEDICAL: Fountainhead Holds 47.1% Equity Stake as of Dec. 31
WAVE SYSTEMS: Suspending Filing of Reports With SEC
WET SEAL: Said to Consider Sale or Bankruptcy

WHALEY RANCH: Seeks to Hire Ken McCartney as Legal Counsel

                            *********

3490RT94 LLC: Taps Giordano Halleran as Legal Counsel
-----------------------------------------------------
3490RT94, LLC seeks approval from the U.S. Bankruptcy Court for the
District of New Jersey to hire legal counsel.

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

The hourly rates charged by the firm are:

     Partners       $425
     Associates     $250
     Paralegals     $125

Donald Campbell, Jr., Esq., the attorney designated to represent
the Debtor, will be paid an hourly rate of $425 for his services.

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

Giordano can be reached through:

     Donald F. Campbell, Jr., Esq.
     Giordano, Halleran & Ciesla P.C.
     125 Half Mile Road, Suite 300
     Red Bank, NJ 07701
     Phone: (732) 741-3900
     Email: dcampbell@ghclaw.com

                        About 3490RT94 LLC

3490RT94, LLC sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. D.N.J. Case No. 16-32067) on November 17, 2016.  The
petition was signed by Kirk Allison, manager.  

The case is assigned to Judge Vincent F. Papalia.

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


ABC DISPOSAL: Cash Collateral Hearing Continued to Feb. 14
----------------------------------------------------------
Judge Joan N. Feeney of the U.S. Bankruptcy Court for the District
of Massachusetts authorized ABC Disposal Service, Inc., to continue
using cash collateral.

A continued status conference is scheduled on Feb. 14, 2017 at
11:30 a.m.

A full-text copy of the Order, dated Jan. 11, 2017, is available at

http://bankrupt.com/misc/ABCDisposal2016_1611787_286.pdf

           About ABC Disposal Service

ABC Disposal Service, Inc., provides full service waste hauling,
disposal and recycling services, and sells, rents and services
compaction and baling equipment to a variety of industrial,
institutional, commercial and construction related customers.

New Bedford Waste owns and operates municipal solid waste and
construction and demolition debris transfer stations in New
Bedford, Sandwich, and Rochester, Massachusetts which transfer and
process residential, commercial, industrial, and institutional and
construction wastes under approved state and local government
permits and licenses.

Solid Waste Services, Inc., is a Massachusetts corporation
organized in 1999 to hold an ownership interest in New Bedford
Waste.

Shawmut Associates and A&L Enterprises are Massachusetts limited
liability companies which own and lease real estate to ABC and New
Bedford Waste in connection with their operations.

ZERO Waste Solutions, LLC, is a Massachusetts limited liability
company formed in 2013 for the purposes of developing and operating
an advanced mixed waste recycling facility located on Shawmut
Associates' Rochester property to process and market recyclable
material and then turn unrecyclable material into compact, clean
burning, high yield fuel briquettes which have a variety of
industrial uses.

The principals of the Debtors are Laurinda F. Camara and her
children Susan M. Sebastiao, Kenneth J. Camara, Steven A. Camara,
and Michael A. Camara.  Each of the Principals owns 20% of the
stock in ABC.  Each of Susan M. Sebastiao, Kenneth J. Camara,
Steven A. Camara and Michael A. Camara own a 12.5% interest in New
Bedford Waste and a 25% interest in Shawmut Associates, A&L
Enterprises, and Solid Waste Services.  Solid Waste Services owns
the remaining 50% of the membership interests in New Bedford Waste.
New Bedford Waste owns 80% of the membership interests in ZERO
Waste.

ABC Disposal Service, Inc., New Bedford Waste Services, LLC, Solid
Waste Services, Inc., Shawmut Associates, LLC, A&L Enterprises,
LLC, and ZERO Waste Solutions, LLC each filed a voluntary petition
under Chapter 11 of the Bankruptcy Code (Bankr. D. Mass. Case Nos.
16-11787 to 16-11792, respectively) on May 11, 2016.  The petitions
were signed by Michael A. Camara as vice president/CEO.  Judge Joan
N. Feeney presides over the cases.

Harold B. Murphy, Esq., Christopher M. Condon, Esq., and Michael K.
O'Neil, Esq., at Murphy & King Professional Corporation serves as
the Debtors' counsel.  Argus Management Corp. is the Debtors'
financial advisor.  The Debtors engaged Source Capital Group, Inc.
as investment banker, and CliftonLarsonAllen, LLP as accountant.

The Official Committee of Unsecured Creditors tapped Jager Smith
P.C. as counsel.


ACTUANT CORP: Egan-Jones Lowers Sr. Unsecured Ratings to BB-
------------------------------------------------------------
Egan-Jones Ratings, on Jan. 12, 2017, downgraded the senior
unsecured ratings on debt issued by Actuant Corp. to BB- from BB.

Actuant Corporation is an American diversified industrial company
serving customers from operations in more than 30 countries.



AEROPOSTALE INC: Court Extends Plan Filing Period to March 1
------------------------------------------------------------
Judge Sean H. Lane of the U.S. Bankruptcy Court for the Southern
District of New York extended Aeropostale, Inc., et al.'s exclusive
periods for filing a chapter 11 plan and soliciting acceptances to
the plan through March 1, 2017 and April 30, 2017, respectively.

Absent the extension, the Debtor's exclusive plan filing period
would have expired on December 31, 2016.  The Debtor's exclusive
solicitation period was set to expire on March 1, 2017.

                      About Aeropostale, Inc.

Aeropostale, Inc. (OTC Pink: AROPQ) is a specialty retailer of
casual apparel and accessories, principally serving young women and
men through its Aeropostale(R) and Aeropostale Factory(TM) stores
and website and 4 to 12 year-olds through its P.S. From Aeropostale
stores and website.  The Company provides customers with a focused
selection of high quality fashion and fashion basic merchandise at
compelling values in an exciting and customer friendly store
environment.  Aeropostale maintains control over its proprietary
brands by designing, sourcing, marketing and selling all of its own
merchandise.  As of May 1, 2016 the Company operated 739
Aeropostale(R) stores in 50 states and Puerto Rico, 41 Aeropostale
stores in Canada and 25 P.S. from Aeropostale(R) stores in 12
states.  In addition, pursuant to various licensing agreements, the
Company's licensees currently operate 322 Aeropostale(R) and P.S.
from Aeropostale(R) locations in the Middle East, Asia, Europe, and
Latin America.  Since November 2012, Aeropostale, Inc. has operated
GoJane.com, an online women's fashion footwear and apparel
retailer.

Aeropostale, Inc., and 10 of its affiliates each filed a voluntary
petition under Chapter 11 of the Bankruptcy Code (Bankr. S.D.N.Y.
Lead Case No. 16-11275) on May 4, 2016.  The petitions were signed
by Marc G. Schubac, senior vice president, general counsel and
secretary.

The Debtors listed total assets of $354.38 million and total debts
of $390.02 million as of Jan. 30, 2016.

The Debtors have hired Weil, Gotshal & Manges LLP as counsel; FTI
Consulting, Inc., as restructuring advisor; Stifel, Nicolaus &
Company, Inc., and Miller Buckfire & Company LLC as investment
bankers; RCS Real Estate Advisors as real estate advisors; Prime
Clerk LLC as claims and noticing agent; Stikeman Elliot LLP as
Canadian counsel; and Togut, Segal & Segal LLP as conflicts
counsel.

Judge Sean H. Lane is assigned to the cases.

The U.S. trustee for Region 2 on May 11, 2016, appointed seven
creditors of Aeropostale Inc. to serve on the official committee of
unsecured creditors.  The Committee hired Pachulski Stang Ziehl &
Jones LLP as counsel.


ALESSI FAMILY: Can Continue Using Cash Collateral Until Jan. 31
---------------------------------------------------------------
Judge John K. Olson of the U.S. Bankruptcy Court for the Southern
District of Florida authorized The Alessi Family Limited
Partnership to use cash collateral on an interim basis through Jan.
31, 2017.

Judge Olson held that the Debtor's use of cash collateral will be
on the same terms and conditions as the Court's Nov. 28, 2016 Cash
Collateral Order.  He further held that the Debtor is authorized to
use cash collateral to pay business license fees due to the City of
Hollywood.

A hearing on the Debtor's use of cash collateral beyond Jan. 31,
2017, is scheduled on January 31, 2017 at 10:30 a.m.

A full-text copy of the Interim Order, dated Jan. 11, 2017, is
available at
http://bankrupt.com/misc/AlessiFamily2016_1625093jko_69.pdf

                      About The Alessi Family

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

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

An Official Committee of Unsecured Creditors has not yet been
appointed.


ALLY FINANCIAL: Declares Dividend on Common Stock
-------------------------------------------------
The Board of Directors of Ally Financial Inc. declared a quarterly
cash dividend of $0.08 per share of the company's common stock,
payable on Feb. 15, 2017, to shareholders of record on Feb. 1,
2017.

                     About Ally Financial

Ally Financial Inc., formerly GMAC Inc. -- http://www.ally.com/--
is one of the world's largest automotive financial services
companies.  The Company offers a full suite of automotive
financing products and services in key markets around the world.
Ally's other business units include mortgage operations and
commercial finance, and the company's subsidiary, Ally Bank,
offers online retail banking products.  Ally operates as a bank
holding company.

GMAC obtained a $17 billion bailout from the U.S. government in
exchange for a 56.3 percent stake.  Private equity firm Cerberus
Capital Management LP keeps 14.9 percent, while General Motors Co.
owns 6.7 percent.

Ally reported net income of $1.28 billion on $4.86 billion of total
net revenue for the year ended Dec. 31, 2015, compared to net
income of $1.15 billion on $4.65 billion of total net revenue for
the year ended Dec. 31, 2014.

As of Sept. 30, 2016, Ally Financial had $157.4 billion in total
assets, $143.8 billion in total liabilities and $13.63 billion in
total equity.

                           *     *     *

As reported by the TCR on Oct. 14, 2016, S&P Global Ratings said it
revised its outlook on Ally Financial to stable from positive and
affirmed the 'BB+' long-term issuer credit rating.

"The revised outlook reflects weakening credit conditions in the
vehicle finance industry, in our view, which represents the
majority of Ally's business," said S&P Global Ratings credit
analyst Matthew Carroll.

In the April 3, 2014, edition of the TCR, Fitch Ratings has
upgraded Ally Financial Inc.'s long-term Issuer Default Rating
(IDR) and senior unsecured debt rating to 'BB+' from 'BB'.
The rating upgrade reflects increased clarity around Ally's
ownership structure given Ally's recent announcement that it has
launched an initial public offering those shares of its common
stock held by the U.S. Treasury (the Treasury).

As reported by the TCR on July 16, 2014, Moody's Investors Service
affirmed the 'Ba3' corporate family and 'B1' senior unsecured
ratings of Ally Financial and revised the outlook for the
ratings to positive from stable.  Moody's affirmed Ally's ratings
and revised its rating outlook to positive based on the company's
progress toward sustained improvements in profitability and
repayment of government assistance received during the financial
crisis.


APOLLO ENDOSURGERY: Sabby Has Less Than 1% Stake as of Jan. 18
--------------------------------------------------------------
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 they beneficially own
14,500 and 9,600 shares of Apollo Endosurgery, Inc.'s common stock,
respectively, representing approximately 0.14% and 0.09% of the
Common Stock, respectively.  Sabby Management, LLC and Hal Mintz
each beneficially own 24,100 shares of the Common Stock,
representing approximately 0.23% of the Common Stock.

Sabby Management, LLC and Hal Mintz do not directly own any shares
of Common Stock, but each indirectly owns 24,100 shares of
Common Stock.  Sabby Management, LLC, a Delaware limited liability
company, indirectly owns 24,100 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 24,100 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/WlHzZq

                    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.


ARCHDIOCESE OF ST. PAUL: Abuse Victims to Vote on Competing Plans
-----------------------------------------------------------------
Jean Hopfensperger, writing for Star Tribune, reported that about
450 clergy abuse victims, plus several hundred other creditors of
the Archdiocese of St. Paul and Minneapolis, soon will be able to
vote on competing compensation plans presented in bankruptcy
court.

According to the report, U.S. Bankruptcy Court Judge Robert Kressel
approved a timeline on Jan. 12 for sending out the ballots --
within about 30 days -- and a 40-day response time. Creditors can
vote for one of two competing plans or none at all, the report
said.

Judge Kressel also denied a motion that would have allowed the
survivors' committee to sue more than 100 parishes, schools and
other Catholic institutions that received several million dollars
in transfer payments from the archdiocese in the 90 days before it
filed for bankruptcy, the report related.

According to the report, the voting schedule represents a key
moment for survivors in the archdiocese's bankruptcy case, which
enters its third year this month.  The courtroom was packed with
attorneys and several abuse survivors with claims before the court
who have been watching the long bankruptcy process unfold, the
report further related.

      About the Archdiocese of Saint Paul and Minneapolis

The Archdiocese of Saint Paul and Minneapolis was originally
established by the Vatican in 1850 and serves a geographical area
consisting of 12 greater Twin Cities metro-area counties in
Minnesota, including Ramsey, Hennepin, Anoka, Carver, Chicago,
Dakota, Goodhue, Le Sueur, Rice, Scott, Washington, and Wright
counties. There are 187 parishes and approximately 825,000
Catholic individuals in the region. These individuals and parishes
are served by 3999 priests and 173 deacons.

The Archdiocese of St. Paul and Minneapolis filed for Chapter 11
protection (Bankr. D. Minn. Case No. 15-30125) in Minnesota on
Jan.
16, 2015, saying it has large and growing liabilities related to
child sexual abuse and that its pension obligations are
underfunded.

The Debtor disclosed $45,203,010 in assets and $15,890,460 in
liabilities as of the Chapter 11 filing.

The Debtor has tapped Briggs and Morgan, P.A., as Chapter 11
counsel; BGA Management LLC dba Alliance Management as financial
advisor; Lindquist & Vennum LLP as attorney.

The U.S. Trustee appointed five creditors to serve on the
Committee
of Parish Creditors. Ginny Dwyer was appointed as the acting
chairperson of the committee until such time as the members can
meet and officially elect their own person.

At least 11 other dioceses have commenced bankruptcy cases in
the United States to settle claims from current and former
parishioners who say they were sexually molested by priests.


ARMADA WATER: Seeks March 20 Extension for Filing Chapter 11 Plan
-----------------------------------------------------------------
Armada Water Assets, Inc. and its subsidiaries request the U.S.
Bankruptcy Court for the Southern District of Texas to further
extend the exclusive periods for filing and soliciting acceptances
of a plan to March 20, 2017 and May 19, 2017, respectively.

The Debtors tell the Court that they have initially requested for a
120-day extension due to the then-recent appointment of the
official committee of unsecured creditors and discovery of a
previously unknown Joint Development Agreement with RecyClean
Consulting Services, Inc. The Court granted the request, but only
for 90 days for each period.  Thereafter, the Debtors sought a
second extension of 30 days for each period, which the Court
granted, which will expire on January 18, 2017 and March 20, 2017,
respectively.

The Debtors further tell the Court that they have investigated the
JDA and, together with the Committee, have reached an agreement in
principle with RecyClean regarding a global settlement of their
mutual claims, which will be incorporated into a plan of
reorganization that is likely to have the support of the Committee.


Since that time, the Debtors have been drafting their plan of
reorganization. However, pursuant to the terms of the Debtors'
post-petition financing, the drafting and subsequent prosecution of
any plan remains subject to the approval of a proposed Phase 2
Budget. For reasons beyond the Debtors' control, the DIP Lenders
have not yet approved the Phase 2 Budget proposed by the Debtors on
December 12, 2017.

In addition, due to scheduling conflicts, the members of the
Debtors' board of directors will not be able to meet to discuss the
contemplated plan until shortly before (or perhaps shortly after)
the current exclusivity date.

Although the Debtors have reached agreements in principle with
RecyClean and the Committee regarding a term sheet for a plan of
reorganization, the Debtors contend that specific terms of the plan
and associated documentation remain to be drafted, which would
require additional time to negotiate the details, and their
embodiment in the plan to be filed, with these key constituencies.
The Debtors further contend that final resolution of the JDA issue
affects the type of plan the Debtors file and, thus, the JDA is an
unresolved contingency that may impact the plan.

                 About Armada Water Assets, Inc.

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

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

Initially, the Debtors were represented by Benjamin Warren Hugon,
Esq., Veronica Faye Manning, Esq. and Hugh Massey Ray, III, Esq. at
McKool Smith, P.C., Houston, TX.  The Debtors hire Pillsbury
Winthrop Shaw Pittman LLP as its new legal counsel.  Olsen Skoubye
& Nielson, LLC serves as their special counsel; and Barnet B.
Skelton, P.C. as their Conflicts Counsel.

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


ASANDA INC: Wants Court Approval for Cash Collateral Use
--------------------------------------------------------
Asanda Inc. asks the U.S. Bankruptcy Court for the Southern
District of New York for authorization to use cash collateral.

On Deck Capital, Inc., and American Express Bank FSB assert a
blanket lien on the Debtor's assets.

The Debtor believes that as of the Filing Date, it owes On Deck
Capital $80,000, and American Express, $80,000.

The Debtor tells the Court that the use of cash collateral will
provide it with adequate liquidity to pay administrative expenses
as they become due and payable during the period covered by the
proposed Budget.

The proposed 13-Week Budget covers the period beginning on the week
with Jan. 13, 2017 and ending on the week with March 31, 2017.  The
Budget provides for total expenses in the amount of $815,012.

The Debtor proposes to grant the Secured Creditors with replacement
liens in all of the Debtor's prepetition and postpetition assets
and proceeds, to the extent that they have valid security interests
in the prepetition assets on the Filing Date, and in the continuing
order of priority that existed as of the Filing Date.

The Debtor contends that the Replacement Liens will be subject and
subordinate only to:

   (a) United States Trustee fees payable under 28 U.S.C. Section
1930 and 31 U.S.C. Section 3717;

   (b) professional fees of duly retained professionals in the
Chapter 11 case as may be awarded pursuant to Sections 330 or 331
of the Code or pursuant to any monthly fee order entered in the
Debtor's Chapter 11 case;

    (c) the fees and expenses of a hypothetical Chapter 7 trustee
to the extent of $10,000; and

    (d) the recovery of funds or proceeds from the successful
prosecution of avoidance actions.

The Debtor further proposes to continue making monthly debt service
payments in the amount of interest only at the respective contract
rates provided for in the underlying agreements and in accordance
with their terms.

The On Deck Agreement provides that the loan must be repaid in 52
weeks at the weekly rate of $5,769.  The American Express Agreement
provides that the loan must be repaid at the daily rate of $1,080.

A full-text copy of the Debtor's Motion, dated Jan. 11, 2017, is
available at
http://bankrupt.com/misc/AsandaInc2017_1710054jlg_5.pdf

A full-text copy of the Debtor's proposed Budget, dated Jan. 11,
2017, is available at
http://bankrupt.com/misc/AsandaInc2017_1710054jlg_5_6.pdf

                     About Asanda Inc.

Asanda Inc. and affiliate Asanda Park Avenue, Inc., own and operate
two fully serviced luxury salon and spas in New York City, one on
Park Avenue (and 56th Street) and one in Soho.

Asanda Inc. and Asanda Park Avenue each filed chapter 11 petitions
(Bankr. S.D.N.Y. Case Nos 17-10054 and 17-10055) on Jan. 11, 2017.
The petitions were signed by Gene Frisco, managing director.  The
Debtors are represented by Erica Feynman Aisner, Esq., and Jonathan
S. Pasternak, Esq., at Delbello, Donnellan, Weingarten, Wise &
Wiederkehr, LLP.  The case is assigned to Judge James L. Garrity,
Jr.  The Debtors each estimated assets and liabilities at $1
million to $10 million at the time of the filing.


ASCENT GROUP: Taps Ankura Consulting as Transaction Advisor
-----------------------------------------------------------
Ascent Group, LLC seeks approval from the U.S. Bankruptcy Court for
the Northern District of Texas to hire Ankura Consulting Group,
LLC.

The firm will serve as the Debtor's advisor in connection with the
sale of almost all of its assets.  The transaction advisory
services to be provided by the firm include:

     (a) assisting the Debtor in compiling a data room of any
         necessary and appropriate documents related to the sale;

     (b) assisting the Debtor in identifying additional potential
         buyers;

     (c) coordinating the execution of confidentiality agreements
         for potential buyers wishing to review the information
         memorandum;

     (d) assisting the Debtor in coordinating site visits for
         interested buyers;

     (e) soliciting competitive offers from qualified potential
         buyers;

     (f) advising and assisting the Debtor and its legal counsel
         in structuring the transaction and negotiating the
         transaction agreements;

     (g) leading the auction process, if qualified bids are
         received;

     (h) providing testimony in support of the sale; and,

     (i) assisting the Debtor and its attorneys as necessary
         through closing of the transaction.

Ankura has agreed to provide the services for a fixed fee of
$50,000.

Louis Robichaux IV, senior managing director of Ankura, disclosed
in a court filing that his firm does not hold or represent any
interest adverse to the Debtor or its bankruptcy estate.

The firm can be reached through:

     Louis E. Robichaux IV
     Ankura Consulting Group, LLC
     16000 Dallas Parkway, Suite 100
     Dallas, TX 75248
     Phone: 1.214.200.3680
     Fax: 1.214.200.3686

                        About Ascent Group

Ascent Group, LLC operates a stand-alone acute care medical
facility in Dallas, Texas.  It conducts business under the name
"Physicians ER Oak Lawn."

The Debtor filed a Chapter 11 petition (Bankr. N.D. Tex. Case No.
16-34436), on November 14, 2016.  The petition was signed by Karen
Kuo, member. The case is assigned to Judge Stacey G. Jernigan.  The
Debtor is represented by Marcus Alan Helt, Esq., Gardere Wynne
Sewell LLP.  

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

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


ATOPTECH INC: Files Voluntary Chapter 11 Bankruptcy Petition
------------------------------------------------------------
ATopTech, Inc., an electronic design automation software company
developing software solutions for engineers to assist them in the
physical design of integrated circuits, on Jan. 13, 2017, disclosed
that it has filed a voluntary petition under Chapter 11 of the
Bankruptcy Code in the U.S. Bankruptcy Court for the District of
Delaware.

ATopTech expects to continue to manage and operate its business
under the jurisdiction of the Bankruptcy Court and in accordance
with the applicable provisions of the Bankruptcy Code and the
orders of the Bankruptcy Court.  Contemporaneous with the filing of
the Chapter 11 petition, ATopTech filed a motion to sell its
businesses under section 363 of the Bankruptcy Code and has
selected a stalking horse bidder.  The Company expects that a
bankruptcy auction will take place in mid-March 2017 and the sale
will be completed by March 31, 2017.

"We believe this decision is in the best interests of the company
and its stockholders," said Jue-Hsien Chern, chief executive
officer of ATopTech.  "The protections afforded by Chapter 11
provide for an orderly process that ensures that the Company can
continue to execute on its strategic plan.  The filing allows the
Company to move forward with a sale of the Company's business free
and clear of liens, claims and encumbrances pursuant to section 363
of the Bankruptcy Code."

ATopTech has retained Dorsey & Whitney as bankruptcy counsel and
Cowen and Company as its investment banker.  Wilson Sonsini
Goodrich & Rosati, Professional Corporation, serves as corporate
and transactional counsel to ATopTech.

For more information about the Chapter 11 case, including access to
Court documents, please visit dm.epiq11.com/ATO

                        About ATopTech

ATopTech, Inc. -- http://www.atoptech.com/-- is in the business of
IC physical design. ATopTech claims its technology offers the
fastest time to design closure focused on advanced technology
nodes.  The use of state-of-the-art multi-threading and distributed
processing technologies speeds up the design process, resulting in
unsurpassed project completion times.


ATWOOD OCEANICS: S&P Cuts CCR to B- on Prolonged Industry Weakness
------------------------------------------------------------------
S&P Global Ratings lowered the corporate credit rating on offshore
drilling contractor Atwood Oceanics Inc. to 'B-' from 'B+'.  The
outlook remains negative.

At the same time, S&P lowered the issue-level rating on the
company's senior unsecured debt to 'B-' from 'B+'.  S&P's recovery
rating on this debt remains '4', indicating its expectations for
average (lower end of the 30% to 50% range) recovery in the event
of a default.

The downgrade reflects S&P's expectation that Atwood's credit
measures will deteriorate more sharply than anticipated in 2018 and
2019 under S&P's assumption of a delayed recovery in the offshore
contract drilling industry.  Demand for offshore drilling services
is currently weak due to limited opportunities for economic
investment in offshore oil and gas exploration and development
(E&P) under current commodity prices, and due to a shift in focus
to shorter-cycle projects by E&P companies.  S&P believes
utilization rates and day rates will remain depressed through 2018
before gradually recovering starting in 2019 only.  In response to
the industry downturn, Atwood has deferred the delivery of its two
ultra-deepwater drillships under construction, retired older rigs,
slashed costs and capital spending, and reduced debt through a
tender and open market repurchases. Nevertheless, S&P estimates
that Atwood's funds from operations (FFO)-to-debt ratio will weaken
over the next two years, falling well below 12% in 2018 and 2019.

The negative outlook reflects S&P's expectation that Atwood's
credit measures will deteriorate significantly in 2017 and 2018.
S&P expects that industry overcapacity will heighten competition
and recontracting risk over the next two years, resulting in
downward pressure on day rates and utilization levels.  S&P could
lower the rating if it expected Atwood's FFO/debt to remain well
below 12% for a sustained period without path for improvement. This
would most likely occur if S&P no longer anticipates a recovery in
demand for offshore drilling services in 2019.  S&P could also
lower the rating if the company's liquidity deteriorated, which
could occur if it were to reduce the size of its credit facility or
were unable to refinance debt in 2020.

S&P could return the outlook to stable if it believes that FFO to
debt will remain close to 12% on a sustained basis.  This would
most likely occur if the company is able to successfully contract
some of its available rigs in 2018 and S&P believes an industry
upturn is likely in 2019.


AUTUMN COVE: Allowed to Use COMM 2014-LC17 Cash on Final Basis
--------------------------------------------------------------
Judge Paul W. Bonapfel of the U.S. Bankruptcy Court for the
Northern District of Georgia authorized Autumn Cove Apartments,
LLC, and its affiliated debtors to use COMM 2014-LC17 Georgia
Properties, LLC's cash collateral on a final basis.

Each Debtor is a single purpose entity that owns and operates a
single apartment complex:

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

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

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

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

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

The Debtors owe COMM 2014-LC17 the principal amount of $11,000,000.
The debt is secured by the Apartments, their improvements, and all
rents, leases, personal property, fixtures, equipment, furniture,
furnishings, appliances and appurtenances located thereon.

Judge Bonapfel acknowledged that an immediate and ongoing need
exists for Debtors to use cash collateral to continue the
operations of their businesses as debtors in possession under
Chapter 11 of the Bankruptcy Code and to preserve the value of
Debtors' assets as a going concern.

The approved Budget covers the months of January through June, and
provides for total expenses in the amount of $631,772.

The Debtors are authorized to use cash collateral for the period
commencing January 10, 2017 and ending on the sooner to occur of
June 30, 2017, or the occurrence of an Event of Default, for, among
others, the following purposes:

   (1) the payment of post-petition utilities incurred in the
ordinary course of business, whether provided for in the Budget or
not;

   (2) the payment of repairs, maintenance, and costs for the
preservation of the Apartments incurred in the ordinary course of
business; and

   (3) the payment of U.S. Trustee quarterly fees.

COMM 2014-LC17 is granted replacement liens upon all postpetition
property of the Debtors, of the same kind as the prepetition
property to which COMM 2014-LC17's liens attached as of the
Petition Date.

The Debtors were directed to make monthly adequate protection
payments to COMM 2014-LC17 in the amount of $43,631, beginning on
Feb. 10, 2017.

The occurrence or existence of any one or more of the following
events or conditions constitutes an Event of Default:

     (i) the conversion or dismissal of the case;

    (ii) the appointment of a trustee or an examiner with expanded
powers in the case;

   (iii) Debtors' failure to maintain casualty insurance insuring
the Collateral;

    (iv) the confirmation of a plan; or

     (v) the Debtors' failure duly and punctually to perform any of
their obligations under the Order.

A full-text copy of the Final Order, dated Jan. 11, 2017, is
available at
http://bankrupt.com/misc/AutumnCove2016_1671783pwb_37.pdf

                    About Autumn Cove Apartments

Autumn Cove Apartments, LLC (Bankr. N.D. Ga. 16-71783); Oakley
Woods Apartments, LLC (Bankr. N.D. Ga. Case No. 16-71787); Pine
Knoll Apartments, LLC filed its Chapter 11 petition (Bankr. N.D.
Ga. Case No. 16-71788); and Garden Gate Apartments, LLC (Bankr.
N.D. Ga. Case No. 16-12455), filed separate bankruptcy petitions on
Dec. 5, 2016.  Affiliate Shannon Woods Apartments, LLC filed its
Chapter 11 petition (Bankr. N.D. Ga. Case No. 16-71790) on Dec. 6,
2016.  The petitions were signed by Mike Kohn, manager, STOWA
Member, LLC.  At the time of filing, each of the Debtors estimated
assets at $1 million to $10 million, and liabilities at $10 million
to $50 million.   

The Debtors are represented by Frank G. Nason, IV, Esq., at
Lamberth, Cifelli, Ellis & Nason, P.A.  

No creditors' committee has been appointed in this case.  No
trustee or examiner has likewise been appointed.

Autumn Cove Apartments, LLC, is based in 6200 Hillandale Drive,
Lithonia, GA., and is a single asset real estate business.


AVENUE C TENANTS: Wants Solicitation Period Extended to April 13
----------------------------------------------------------------
Avenue C Tenants HDFC asks the U.S. Bankruptcy Court for the
Southern District of New York to extend its exclusive period for
soliciting acceptances to its filed Plan of Reorganization through
April 13, 2017.

The Debtor filed its Plan of Reorganization on July 28, 2016.  The
Debtor filed its Disclosure Statement for the Plan on August 25,
2016.

Absent an extension, the Debtor's exclusive solicitation period
would have expired on January 13, 2017.

The Debtor relates that the current Plan on file contemplates a
conversion of the Debtor into a housing cooperative.  The Debtor
further relates, however, that due to the potentially lengthy
process of converting to a cooperative and objection of the tax
lien trusts, it has opted to pursue exit financing to pay off the
tax lien trusts and other creditors.  The Debtor says that in order
to do, it was required to file delinquent taxes, which it has done
with the assistance of the Debtor’s retained accountant.

The Debtor tells the Court that since the filing of its taxes, the
Debtor has solicited multiple offers for exit financing. The Debtor
further tells the Court that it is currently reviewing three
potential offers for exit financing and is confident that it will
have a commitment shortly.  The Debtor adds that it intends to file
an amended Plan and Disclosure Statement, upon receiving a
commitment letter, and proceed towards confirmation.

                About Avenue C Tenants HDFC

Avenue C Tenants HDFC operates a mixed-use property located at
73-75 Avenue C, New York, New York, which consists of 16
affordable, rent-stabilized apartments and two commercial spaces.

The property is subject to a foreclosure action initiated by NYCTL
2013-A TRUST and The Bank of New York Mellon as Collateral Agent
and Custodian, which claim has been assigned to NYCTL 1998-2 Trust
and The Bank of New York Mellon as collateral agent and custodian,
the holder of a real estate tax lien against the property.  

As a result of New York City Department of Housing Preservation and
Development's Community Management Program, the Debtor was created
as an HDFC and was issued a deed to the Property in 1981.

Avenue C Tenants HDFC filed a Chapter 11 petition (Bankr. S.D.N.Y.
Case No. 16-11209) on April 29, 2016.  The petition was signed by
Herman Hewitt, senior vice president.  Judge Stuart M. Bernstein
presides over the case.  Arnold Mitchell Greene, Esq., at Robinson
Brog Leinwand Greene Genovese & Gluck, P.C., serves as counsel to
the Debtor.  The Debtor disclosed assets of $2.04 million and
liabilities of $1.28 million.


BAIA LLC: Hires McNamee Hosea Jernigan as Counsel
-------------------------------------------------
Baia, LLC seeks authorization from the U.S. Bankruptcy Court for
the District of Maryland to employ McNamee Hosea Jernigan Kim
Greenan & Lynch, P.A. as counsel for the Debtor and
Debtor-in-Possession.

The Debtor requires the McNamee Hosea to:

      a. prepare and file all necessary bankruptcy pleadings on
behalf of the Debtor;

      b. negotiate with creditors;

      c. represent with respect to adversary and other proceedings
in connection with the Bankruptcy;

      d. prepare Debtor's disclosure statement and plan of
reorganization; and

      e. other matters related to the Bankruptcy and the Debtor's
reorganization.

The Firm lawyers and professionals who will work on the Debtor's
case and their hourly rates are:

      James M. Greenan, Esq.            $500
      Craig M. Palik. Esq.              $375
      Steven L. Goldberg, Esq.          $350
      Paralegal                         $100

James M. Greenan, Esq., managing principal of the law firm of
McNamee Hosea Jernigan Kim Greenan & Lynch, P.A., assured the Court
that the firm is a "disinterested person" as the term is defined in
Section 101(14) of the Bankruptcy Code and does not represent any
interest adverse to the Debtor and its estates.

The Law Firm may be reached at:

     James M. Greenan, Esq.
     Steven L. Goldberg, Esq.
     McNamee Hosea Jernigan Kim Greenan & Lynch, P.A.
     6411 Ivy Lane, Suite 200
     Greenbelt, MD 20770
     Tel: (301) 441-2420
     Fax: (301) 982-9450
     E-mail: jgreenan@mhlawyers.com
             sgoldberg@mhlawyers.com

                      About Baia,
LLC                          

Baia, LLC is a limited liability company organized in 2006
with
principal place of business located in Carroll County,
MD.  The
Debtor 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 December 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.


BARTON PROPERTIES: Taps C.J. Pagano as Real Estate Broker
---------------------------------------------------------
Barton Properties New York LLC seeks approval from the U.S.
Bankruptcy Court for the Southern District of New York to hire a
real estate broker.

The Debtor proposes to hire C.J. Pagano & Sons, Inc. to market and
sell its real property and pay the firm a commission of 5% of the
gross sales price.

The property consists of a 4500-square-foot commercial building and
parking lot located in Port Chester, New York.  The property is
worth as much as $1.3 million.

Neil Pagano, principal of C.J. Pagano, disclosed in a court filing
that his firm is "disinterested" as defined in section 101(14) of
the Bankruptcy Code.

The firm can be reached through:

     Neil J. Pagano
     C.J. Pagano & Sons, Inc.
     420 Westchester Avenue
     Port Chester, NY 10573

                About Barton Properties New York

Barton Properties New York LLC sought protection under Chapter 11
of the Bankruptcy Code (Bankr. S.D.N.Y. Case No. 16-23715) on
December 14, 2016.  The petition was signed by Benjamin Barton,
managing member.  

The case is assigned to Judge Robert D. Drain.

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

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


BIOSTAR PHARMACEUTICALS: Amends 346,429 Shares Prospectus with SEC
------------------------------------------------------------------
Biostar Pharmaceuticals, Inc., filed with the Securities and
Exchange Commission a pre-effective amendment No. 1 to the Form S-3
registration statement relating to the offering of shares of common
stock issuable upon the exercise of outstanding warrants previously
issued by the Company as follows:

  * shares of common stock issuable upon the exercise of warrants
    to purchase an aggregate of 94,286 shares of common stock at
    an exercise price of $3.11 per share;

  * shares of common stock issuable upon the exercise of warrants
    to purchase an aggregate of 212,500 shares of common stock at
    an exercise price of $5.55 per share;

  * shares of common stock issuable upon the exercise of placement
    agent warrants to purchase an aggregate of 14,143 shares of
    common stock at an exercise price of $3.11 per share; and

  * shares of common stock issuable upon the exercise of placement
    agent warrants to purchase an aggregate of 25,500 shares of
    common stock at an exercise price of $5.55 per share.

The Company will receive proceeds from any exercises of the
warrants, but not from the sale of the underlying common stock.

The Company's common stock is listed on the Nasdaq Capital Market
and traded under the symbol "BSPM."  On Dec. 27, 2016, the last
reported sales price of the Company's common stock on the Nasdaq
Capital Market was $3.05 per share.  As of Dec. 26, 2016, the
Company had 2,637,183 shares of common stock outstanding.

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

                    https://is.gd/vw7baA

               About Biostar Pharmaceuticals
         
Biostar Pharmaceuticals, Inc., develops, manufactures and markets
pharmaceutical and health supplement products for a variety of
diseases and conditions.

Biostar reported a net loss of $25.1 million in 2015 following net
income of $4.84 million in 2014.

As of Sept. 30, 2016, Biostar had $40.55 million in total assets,
$6.53 million in total liabilities, all current and $34.02 million
in total stockholders' equity.

Mazars CPA Limited, Certified Public Accountants, in Hong Kong,
issued a "going concern" qualification on the consolidated
financial statements for the year ended Dec. 31, 2015, citing that
the Company had net decrease in cash and cash equivalents during
the year and had a low cash position at Dec. 31, 2015, and had
experienced a substantial decrease in sales volume which resulting
a net loss for the year.  Also, part of the Company's buildings and
land use rights are subject to litigation between two independent
third parties and the Company's Chief Executive Officer, and the
title of these buildings and land use rights has been seized by the
PRC Courts so that the Company cannot be sold without the Court's
permission.  In addition, the Company already violated its
financial covenants included in its short-term bank loans.  These
conditions raise substantial doubt about the Company's ability to
continue as a going concern.


BULOVA TECHNOLOGIES: Incurs $8.06 Million Net loss in Fiscal 2016
-----------------------------------------------------------------
Bulova Technologies Group, Inc., filed with the Securities and
Exchange Commission its annual report on Form 10-K disclosing a net
loss attributable to the Company of $8.06 million on $18.72 million
of revenues for the year ended Sept. 30, 2016, compared to a net
loss attributable to the Company of $5.44 million on $1.75 million
of revenues for the year ended Sept. 30, 2015.

As of Sept. 30, 2016, Bulova had $19.39 million in total assets,
$45.44 million in total liabilities and a total shareholders'
deficit of $26.04 million.

"Our business is dependent on a number of general economic and
business factors that may have a materially adverse effect on our
results of operations, many of which are beyond our control.  These
customers represent a greater potential for bad debt losses, which
may require us to increase our reserve for bad debt.  Economic
conditions resulting in bankruptcies of one or more of our large
customers could have a significant impact on our financial
position, results of operations or liquidity in particular year or
quarter.  Our suppliers' business levels have also been and may
continue to be adversely affected by current economic conditions or
financial constraints, which could lead to disruptions in the
supply and availability of equipment, parts and services critical
to our operations.  A significant interruption in our normal supply
chain could disrupt our operations, increase our costs and
negatively impact our ability to serve our customers.

"We may be adversely impacted by fluctuations in the price and
availability of diesel fuel.

"We require large amounts of diesel fuel to operate our tractors
and to power the temperature-control units on our trailers.  Fuel
is one of our largest operating expenses.  Fuel prices tend to
fluctuate and prices and availability of all petroleum products are
subject to political, economic and market factors that are beyond
our control.  We do not hedge against the risk of diesel fuel price
increases.  We depend primarily on fuel surcharges, auxiliary power
units for our tractors, volume purchasing arrangements with truck
stop chains and bulk purchases of fuel at our terminals to control
and recover our fuel expenses.  An increase in diesel fuel prices
or diesel fuel taxes, or any change in federal or state regulations
that results in such an increase, could have a material adverse
effect on our operating results, unless the increase is offset by
increases in freight rates or fuel surcharges charged to our
customers.  We continuously monitor the components of our pricing,
including base freight rates and fuel surcharges, and address
individual account profitability issues with our customers when
necessary.  While we have historically been able to adjust our
pricing to offset changes to the cost of diesel fuel, through
changes to base rates and/or fuel surcharges, we cannot be certain
that we will be able to do so in the future," the Company stated in
the report.

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

                     https://is.gd/Et8fsg
     
                        About Bulova

Bulova Technologies Group, Inc., was originally incorporated in
Wyoming in 1979 as "Tyrex Oil Company".  During 2007, the Company
divested itself of all assets and previous operations.  During
2008, the Company filed for domestication to the State of Florida,
and changed its name to Bulova Technologies Group, Inc. and changed
its fiscal year from June 30 to September 30.


C & D PRODUCE: Plan Exclusivity Extended Through March 17
---------------------------------------------------------
Judge Paul G. Hyman, Jr. of the U.S. Bankruptcy Court for the
Southern District of Florida extended the exclusive period within
which only C & D Produce Outlet, Inc. has the right to file a
chapter 11 plan through and including March 17, 2017, and continue
to have the exclusive right to obtain acceptances of any such filed
plan through and including May 16, 2017.

The Troubled Company Reporter had earlier reported that the Debtor
asked the Court to extend through and including April 17, 2017, the
exclusive period to file a chapter 11 plan, as well as the
exclusive period to obtain acceptances through and including June
16, 2017, to allow the sale of the Debtor, C&D Outlet North, Inc.'s
real property and/or business operations located at 8915 North
Military Trail, Palm Beach Gardens, FL, to take place and to move
forward in an orderly, efficient and cost effective manner to
maximize the value of the Debtor's assets.  The sale will be
accompanied by a Plan of Reorganization to take advantage of
significant tax savings, and as such, the sale will generate more
available funds to be distributed to creditors.

                 About C & D Produce Outlet, Inc.

C & D Produce Outlet, Inc., and C & D Produce Outlet - South, Inc.,
filed separate chapter 11 petitions (Bankr. S.D. Fla. Case Nos.
16-15760 and 16-15764) on April 21, 2016.  The petitions were
signed by Carol Saldana, the Debtors' president. The Debtors are
represented by Craig I. Kelley, Esq., at Kelley & Fulton, P.L. The
Debtors tapped Mary P. Rodgers, CPA, of Ackerman Rodgers CPA, PLLC,
as accountant. At the time of the filing, C & D Produce Outlet,
Inc. estimated assets at $0 to $50,000 and liabilities at $100,000
to $500,000; C & D Produce Outlet - South, Inc. estimated assets at
less than $50,000  and liabilities at $500,000 to $1 million.


C.H.I.R. CORPORATION: Seeks Mar. 20 Solicitation Period Extension
-----------------------------------------------------------------
C.H.I.R. Corporation asks the U.S. Bankruptcy Court for the
Southern District of Florida to extend its exclusive period for
soliciting acceptances to its chapter 11 plan, from February 1,
2017 through March 20, 2017.

The Debtor relates that it is in the process of soliciting
acceptances for its plan.  The Debtor further relates that due to
the nature of its case, the Debtor has had to conduct extensive
negotiations with multiple parties regarding plan treatment and
status of claims.  The Debtor contends that the negotiations are
still ongoing as the Debtor is attempting to finalize agreements
that will provide for an acceptable plan to its creditors.  The
Debtor further contends that it will need additional time to
solicit acceptances to its plan.

                 About C.H.I.R. Corporation

C.H.I.R. Corporation, a single asset real estate business based in
Miami, Florida, filed a chapter 11 petition (Bankr. S.D. Fla. Case
No. 16-20921) on Aug. 5, 2016.  The petition was signed by Caryle
Anthony DeCruise, president and director.  The Debtor is
represented by Richard R. Robles, Esq., at the Law Offices of
Richard R. Robles, P.A.  The case is assigned to Judge Robert A.
Mark.  The Debtor estimated assets at $500,000 to $1 million and
liabilities at $1 million to $10 million at the time of the filing.


CAESARS ENTERTAINMENT: Unit Clears Way to Exit Chapter 11
---------------------------------------------------------
The American Bankruptcy Institute, citing Tracy Rucinski of
Reuters, reported that Caesars Entertainment Corp's (CZR.O) main
operating unit has cleared the way for the casino operator to exit
bankruptcy protection with an agreement that ends the last
objection to its reorganization plan, lawyers told a U.S. judge on
Jan. 13.

According to the report, the U.S. government's bankruptcy watchdog
had objected to the reorganization of Caesars Entertainment
Operating Co Inc, the subsidiary that filed an $18 billion
bankruptcy in 2015, because of legal protections for the
non-bankrupt parent.  The objection by the U.S. Trustee was a cloud
over next week's trial to approve the Caesars unit's plan to cut
$10 billion of debt and emerge from its two-year Chapter 11
bankruptcy, the report related.

A last-minute deal with the U.S. Trustee removes that threat, the
report said.  Details of the agreement would be filed later, Joe
Graham, a lawyer for the bankrupt unit, said at a hearing at the
U.S. Bankruptcy Court in Chicago, the report further related.
Judge Benjamin Goldgar said that if the issues were resolved, "you
can present an order and I'll sign it," the report said.

The Debtors, on Jan. 16, filed a seventh amendment to supplement
their third amended Plan, a full-text copy of which is available
at:

             http://bankrupt.com/misc/ilnb15-01145-6322.pdf

The Seventh Amendment included a revised Schedule of Retained
Causes of Action, Non-Released Parties Schedule, and Identity of
Members of the New Boards and Related Section 1129(a)(5)
Disclosures.

The Debtors on Jan. 13, filed a sixth amendment to supplement the
Plan, a full-text copy of which is available at:

     http://bankrupt.com/misc/ilnb15-01145-6320.pdf

The Sixth Amendment included Assumed Executory Contract and
Unexpired Lease Schedule, and Schedule of Retained Causes of
Action.

A full-text copy of the Debtor's Third Amended Plan dated Jan. 13
is available at:

     http://bankrupt.com/misc/ilnb15-01145-6318.pdf

                  About Caesars Entertainment

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

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

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

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

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

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

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

The U.S. Trustee appointed Richard S. Davis as Chapter 11
examiner.
The Examiner retained Winston &
Strawn LLP, as his counsel; Alvarez & Marsal Global Forensic and
Dispute Services, LLC, as financial advisor; and Luskin, Stern &
Eisler LLP, as special conflicts counsel.

                         *     *     *

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

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


CAMERON HUGHES: Sold to Vintage Wine Estates for $5.5-Mil.
----------------------------------------------------------
The American Bankruptcy Institute, citing Lexi Williams of Wine
Spectator, reported that Cameron Hughes Wine Inc. has a new owner,
saving the negociant firm from bankruptcy after Vintage Wine
Estates purchased the company as part of a bankruptcy court
settlement.

According to the report, the Santa Rosa, Calif., firm emerged as
the winner in a blind auction, agreeing to pay $5.5 million in a
deal expected to be finalized within weeks. The proceeds will
largely go to pay off Hughes Wine's debts with Union Bank, the
report related.

"The decision to buy Cameron Hughes is really because our business
model is very complementary to what they do," Vintage Wine Estates
president and CEO Pat Roney told Wine Spectator. "The purchase
really elevates our direct-to-consumer channel with this addition
of specialized, small-lot portfolio wines that we are happy to
offer to our customers . . . and we have a lot of great wines in
our portfolio of wineries that we can offer to the Cameron Hughes
customers, as well."

Roney asserts that operations will basically be "business as usual"
for the company, the report related.  "Given the unique identity of
Cameron [Hughes Wine], our intention is to operate it as a
standalone company," he said, the report further related.  "We're
going to continue to focus on delivering the exclusive offerings
that Cameron Hughes is known for, and we intend to keep agreements
that are in place as well as leverage our own business to get even
more access to high-quality vineyards and wines." He noted that
Vintage is already familiar with Cameron Hughes' business model.
"We used to do their back-end warehousing for them about four or
five years ago."

Additionally, Roney plans to retain and build upon other aspects of
Cameron Hughes Wine, including its relationship with Costco, the
report said.  SalesPro, the in-store marketing business that
operates within Cameron Hughes Wine, is also safe, according to
Roney, the report added.


CHILDREN'S OPPORTUNITY: Hires Flaster/Greenberg as Attorney
-----------------------------------------------------------
Children's Opportunity Center, Inc., seeks authorization from the
U.S. Bankruptcy Court for the District of New Jersey to employ
Flaster/Greenberg PC as attorney for the Debtor-in-Possession.

The Debtor requires Flaster/Greenberg to represent the Debtor in
the Chapter 11 proceeding including, but not limited to,
preparation of petition, first-day motions, all pleadings required
through Chapter 11 case, plan of reorganization and disclosure
statement.

Flaster/Greenberg will be paid at these hourly rates:

      E. Richard Dressel           $490
      Associates/Partners          $275-$580
      Paralegals                   $185-$260

E. Richard Dressel, Esq., member of the law firm of
Flaster/Greenberg PC, assured the Court that the firm is a
"disinterested person" as the term is defined in Section 101(14) of
the Bankruptcy Code and does not represent any interest adverse to
the Debtor and its estates.

Flaster/Greenberg may be reached at:

      E. Richard Dressel, Esq.
      Flaster/Greenberg P.C.
      1810 Chapel Avenue West
      Cherry Hill, NJ 08002-4609
      Tel: 856.661.1900
      Fax: 856.661.1919

            About Children's Opportunity Center

Children's Opportunity Center, Inc. is a New Jersey company in the
business of supplying counseling services to children.  The Debtor
filed a Chapter 11 petition (Bankr. D.N.J. Case No. 16-34657), on
on December 30, 2016.  The Debtor is represented by E. Richard
Dressel, Esq., at Flaster/Greenberg P.C.


CHINA BAK: Reports $12.6 Million Net Loss for Fiscal 2016
---------------------------------------------------------
China BAK Battery, Inc., filed with the Securities and Exchange
Commission its annual report on Form 10-K disclosing a net loss of
US$12.65 million on US$10.36 million of net revenues for the year
ended Sept. 30, 2016, compared to net profit of US$15.87 million on
US$13.90 million of net revenues for the year ended Sept. 30,
2015.

As of Sept. 30, 2016, China BAK had US$93.31 million in total
assets, US$78.22 million in total liabilities and US$15.08 million
in total shareholders' equity.

Centurion ZD CPA Limited, in Hong Kong, China, issued a "going
concern" qualification on the consolidated financial statements for
the year ended Sept. 30, 2016, citing that the Company has a
working capital deficiency, accumulated deficit from recurring net
losses and significant short-term debt obligations maturing in less
than one year as of Sept. 30, 2016.  All these factors raise
substantial doubt about its ability to continue as a going concern,
the auditors said.

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

                     https://is.gd/vE17yy

                        About China BAK

China BAK Battery conducted business through BAK International
Limited and its subsidiaries that produced prismatic cells,
cylindrical cells, lithium polymer cells and high power lithium
batters.  The BAK International business was foreclosed on
June 30, 2014.  Consequently, China BAK is looking to develop,
manufacture and sell energy high power lithium batteries primarily
for electric vehicles when its Dalian, China manufacturing
facilities start to operate in the first quarter of 2015.


CHOICE HEALTH: Hires Ferlita Walsh Gonzales as Accountant
---------------------------------------------------------
Choice Health Care, Inc., seeks authorization from the U.S.
Bankruptcy Court for the Middle District of Florida to employ
Ferlita, Walsh, Gonzalez & Rodriguez, P.A as accounting
professionals and authorized retainer.

The Debtor operates a medical practice specializing in the
treatment of vein diseases, vascular surgery and related treatments
with its principal places of business located in Hillsborough and
Polk Counties, Florida.

The Debtor requires FWGRs services for the completion of tax
returns, quarterly financial statements, and assistance with the
preparation of the Debtor's monthly operating reports.

FWGR may also provide accounting and tax services to the Debtor's
principals and an affiliate, Rapha Vascular Specialists Inc.

FWGR has requested a retainer in the amount of $5,000.

Froment John Gonzales, III, CPA, shareholder,partner of Ferlita,
Walsh, Gonzalez & Rodriguez, P.A., assured the Court that the firm
does not have any connection with the Debtor's creditors, or any
other party in interest, the United States Trustee, or any person
employed in the Office of the United States Trustee, on the matters
upon which it is to be retained,

FWGR may be reached at:

      Froment John Gonzales, III, CPA
      Ferlita, Walsh, Gonzalez & Rodriguez, P.A
      3302 Azeele Street
      Tampa, FL 33609
      Tel: 813-877-9609
      Fax: 813-875-4477
      E-mail: fgonzalez@fwgcpas.com

             About Choice Health Care, Inc.  

Choice Health Care, Inc., d/b/a Rapha Vacular Specialists
d/b/a
Premier Vein Institute d/b/a Vascular & Interventional
Pavilion
a/k/a VIP d/b/a Premier Vein and Vacular Pavillion,
filed a chapter 11 petition (Bankr. M.D. Fla. Case No. 16-08452) on
Sept. 29, 2016. The petition was signed by Stephen J. Steller,
president.  The Debtor estimated assets at $0 to $50,000 and
liabilities at $1 million to $10 million at the time of the
filing.  The Debtor is represented by Herbert R. Donica, Esq., at
Donica Law Firm PA.  

The Debtor operates a medical practice specializing in
the
treatment of vein diseases, vascular surgery and related
treatments with its principal places of business located in
Hillsborough and Polk Counties, Florida.

An official committee of unsecured creditors has not yet
been
appointed in the Chapter 11 case of Choice Health Care,
Inc., as of October 31, 2016, according to a case docket entry.


CLUB VILLAGE: Has Until Feb. 20 to File Chapter 11 Plan
-------------------------------------------------------
Judge Paul G. Hyman, Jr. of the U.S. Bankruptcy Court for the
Southern District of Florida extended Club Village, LLC's exclusive
periods for filing a plan and disclosure statement, and soliciting
acceptances to its plan, through February 20, 2017 and April 24,
2017, respectively.

Absent the extension, the Debtor's exclusive right to file a plan
of reorganization would have expired on December 20, 2016.  The
Debtor's exclusive right to solicit acceptances to its plan was
set to expire on February 21, 2017.

The Debtor previously sought the extension of its exclusive
periods, contending that the Court had entered its Order which
authorized the sale of substantially all of the Debtor's assets.
The Debtor related that the sale was scheduled to close no later
than January 6, 2017.  The Debtor further related that the result
of the sale would have a material effect on the Debtor's proposed
plan.

                 About Club Village, LLC.

Club Village, LLC, a single asset real estate business based in
1601 NW 13 St., Boca Raton, Florida, 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 Debtor engaged Andrew Sodl, Esq., at Akerman LLP as
special counsel.  

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.


COBALT INTERNATIONAL: Amends $1 Billion Prospectus With SEC
-----------------------------------------------------------
Cobalt International Energy, Inc. filed with the Securities and
Exchange Commission an amended Form S-3 registration statement
relating to the offer, from time to time, of common stock,
preferred stock, debt securities, warrants, purchase contracts or
units of the Company.  The prospectus also relates to guarantees of
debt securities by any of its subsidiaries.  The aggregate initial
offering price of all securities sold by the Company will not
exceed approximately $917.2 million.

In addition, The First Reserve Funds and The Carlyle/Riverstone
Funds may from time to time offer and sell up to 71,374,919 shares
of the Company's common stock.  The Company is registering these
shares of its common stock pursuant to a registration rights
agreement that it entered into with certain of the selling
securityholders.  The selling securityholders may offer and sell
their shares of its common stock in public or private transactions,
or both.  These sales may occur at fixed prices, at market prices
prevailing at the time of sale, at prices related to prevailing
market prices, or at negotiated prices.

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

                     https://is.gd/0WWs4D

                         About Cobalt

Cobalt International Energy, Inc., is an independent exploration
and production company with operations currently focused in the
deepwater U.S. Gulf of Mexico.  In January 2016, the Company
achieved initial production of oil and gas from the Heidelberg
field.  The Company's exploration efforts in the U.S. Gulf of
Mexico have resulted in four oil and gas discoveries including the
North Platte, Shenandoah, Anchor, and Heidelberg fields, each of
which are in various stages of appraisal and development.  The
Company also has a non-operated interest in the Diaba Block
offshore Gabon.

The Company reported a net loss of $694.4 million in 2015, a net
loss of $510.8 million in 2014 and a net loss of $589.0 million
in 2013.  As of Sept. 30, 2016, Cobalt had $3.68 billion in total
assets, $2.70 billion in total liabilities and $983.8 million in
total stockholders' equity.

                         *     *     *

S&P Global Ratings lowered its unsolicited corporate credit rating
on U.S.-based oil and gas exploration and production (E&P) company
Cobalt International Energy to 'D' from 'CC', as reported by
the TCR on Dec. 14, 2016.


CONSTELLATION BRANDS: Moody's Ups Unsecured Debt Ratings From Ba1
-----------------------------------------------------------------
Moody's Investors Service upgraded Constellation Brands, Inc.'s
senior unsecured debt ratings to Baa3 from Ba1. The rating outlook
is stable. This rating action concludes the review for upgrade that
began on November 10, 2016.

The rating upgrade reflects Constellation's strong brand portfolio
and favorable category trends, and its commitment to manage its net
debt/EBITDA leverage to around 3.5x compared to a historical
targeted range of 3x to 4x. Moody's had previously stated that
leverage below 3.5x could lead to an upgrade. The upgrade also
reflects Moody's belief that Constellation has significant
financial and operating flexibility to manage risks from the
possibility of changing tax legislation and regulation that could
apply to it given its reliance on Mexico for its beer production.
Moody's expects that Constellation will maintain strong liquidity,
characterized by over $1.4 billion in annual operating cash flow
and $1.15 billion in revolving credit facilities with substantial
borrowing availability. These strengths are balanced against the
large capital outlays that are required to expand Constellation's
brewing capacity in Mexico and certain geographic and product
concentration risks. As part of the company's portfolio
premiumization strategy, Constellation makes frequent acquisitions.
However, Moody's expects that future acquisitions will be financed
within the context of Constellation's stated leverage target.

Constellation Brands, Inc.:

Ratings upgraded:

Senior Unsecured Notes to Baa3 from Ba1 (LGD 4)

Senior Unsecured Shelf to (P)Baa3 from (P)Ba1

The following ratings will be withdrawn:

Corporate Family Rating at Ba1

Probability of Default Rating at Ba1-PD

Speculative Grade Liquidity Rating at SGL-1

Outlook actions:

Outlook, changed to stable from rating under review

RATINGS RATIONALE

Constellation Brands' Baa3 senior unsecured rating reflects its
meaningful scale and good product diversification with an extensive
portfolio of premium wine, spirits, and imported beers.
Constellation is the third largest beer company in the United
States -- albeit well behind the leaders -- and the largest
imported beer company in the country. Moody's expects that
Constellation's portfolio of premium imported Mexican beers will
continue to grow faster than the overall US beer market. The Baa3
rating also reflects Constellation's franchise strength and
diversity with a presence in all three alcohol categories,
including a leadership position in premium wine. The company has
strong cash flow and solid profitability. These strengths are
tempered by the company's currently large capital spending
requirements, some geographic and product concentration, and a
sustained high pace of acquisitions.

An upgrade could occur if the company sustains strong operating
profit growth, stable to improving financial metrics and
demonstrates conservative financial policies, typical of an
investment grade company. While greater geographic diversity would
be difficult to achieve in its beer business, profitable
diversification that helps to reduce the company's reliance on
Mexican beer could also support an upgrade. Absent significantly
greater scale and diversity, an upgrade would require debt/EBITDA
approaching 3x.

A downgrade could occur if operating performance or liquidity
weaken, EBITA margins are sustained below 15%, or if debt/EBITDA is
sustained above 4x. In addition, problems related to the brewery
expansion in Mexico, or further large debt-financed acquisitions or
shareholder returns could also lead to a downgrade.

Headquartered in Victor, New York, Constellation Brands, Inc. is an
alcoholic beverage company operating in the U.S., Canada, New
Zealand and Italy. It has a broad portfolio of premium brands
across the wine, spirits, and imported beer categories. Major
brands in the company's portfolio include Corona, Modelo, Pacifico,
Ballast Point, Robert Mondavi, Clos du Bois, Ravenswood,
Blackstone, Nobilo, Kim Crawford, Meomi, The Prisoner,
Jackson-Triggs, Arbor Mist, Black Velvet Canadian Whisky, Casa
Noble, High West, and SVEDKA vodka. Sales approximate $7.1 billion,
with about half of revenues coming from beer and the rest from wine
and spirits.


DAVE 60 NYC: Plan Filing Deadline Extended Through May 23
---------------------------------------------------------
Judge Michael E. Wiles of the U.S. Bankruptcy Court for the
Southern District of New York extended through May 23, 2017, the
exclusive period within which only Dave 60 NYC, Inc. may file a
plan of reorganization.    

The Troubled Company Reporter had earlier reported that the Debtor
sought exclusivity extension, contending that it needed time to
pursue its preference action against the Law Offices of Anthony
Accetta, P.A., et al., whereby a resolution of the preference
action will be determinative of the type of plan that the Debtor
can file.  

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

In addition, the Debtor contended that it was also monitoring an
arbitration seeking to resolve certain employee claims that were
asserted against the Debtor and other parties prior to the Petition
Date. As part of the Debtor's claims reconciliation process, it was
also seeking to establish a claims bar date process that will reach
as many potential claimants as possible so that the Debtor can
ascertain its potential liabilities.

The Debtor further contended that if it will be successful with its
preference and removal action, there will be a significant
possibility that any proceeds from the litigation will
significantly increase the Debtor's estate and allow it to fund a
plan of reorganization.

                            About Dave 60 NYC

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

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

The Debtor employs Robinson Brog Leinwand Greene Genovese & Gluck
P.C. as its counsel and Kenny Nachwalter, P.A. as its Florida
special litigation counsel.

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


DEPENDABLE AUTO: Taps JND Corporate as Solicitation Agent
---------------------------------------------------------
Dependable Auto Shippers, Inc. seeks approval from the U.S.
Bankruptcy Court for the Northern District of Texas to hire JND
Corporate Restructuring.

The Debtor tapped the firm to oversee the distribution of notices
and solicitation and balloting of votes in connection with any plan
of reorganization filed in its Chapter 11 case.

The hourly rates charged by the firm are:

     Clerical                     $35 – $40
     Case Assistant               $65 – $80
     IT Manager                 $105 - $120
     Case Consultant            $135 - $140
     Senior Case Consultant     $155 - $160
     Case Director              $175 - $190

Travis Vandell, chief executive officer of JND, disclosed in a
court filing that the firm is a "disinterested person" as defined
in section 101(14) of the Bankruptcy Code.

The firm can be reached through:

     Travis Vandell
     JND Corporate Restructuring
     8269 E. 23rd Ave., Suite 275
     Denver, CO 80238
     Phone: 800.207.7160
     Email: info@jndla.com

The Debtor is represented by:

     D. Michael Lynn, Esq.
     John Y. Bonds, III, Esq.
     Joshua N. Eppich, Esq.
     Bonds Ellis Eppich Schafer Jones LLP
     420 Throckmorton Street, Suite 1000
     Fort Worth, TX 76102
     Tel: (817) 405-6900
     Fax: (817) 405-6902

                 About Dependable Auto Shippers

Dependable Auto Shippers, Inc.'s history dates back to 1954 when
Sam London formed Dependable Car Travel Services in the heart of
New York City.  In 1990, DAS became a full-service vehicle
transportation carrier, and over the years, grew into a fleet of
auto carriers, created a network of more than 97 storage facilities
and created a proprietary web presence.  In 2004, DAS' transport
fleet peaked at 122 trucks.

Dependable Auto Shippers, Inc., and related entities DAS Global
Services, Inc., and DAS Government Services, LLC filed chapter 11
petitions (Bankr. N.D. Tex. Case Nos. 16-34855-11, 16-34857-11, and
16-34858-11) on Dec. 21, 2016.  

The Debtors are represented by D. Michael Lynn, Esq., John Y.
Bonds, III, Esq., and Joshua N. Eppich, Esq., at Bonds Ellis Eppich
Schafer Jones LLP.


ECHOSTAR CORP: Egan-Jones Cuts Sr. Unsecured Ratings to BB+
-----------------------------------------------------------
Egan-Jones Ratings, on Jan. 12, 2017, downgraded the senior
unsecured ratings on debt issued by EchoStar Corp. to BB+ from
BBB-.

EchoStar Corporation is a global satellite services provider and
developer of hybrid video delivery technologies. It is the owner
and operator of the satellite fleet for closely affiliated Dish
Network.


EDWARD J. MALIK: Seeks to Hire Ghandi Deeter as Legal Counsel
-------------------------------------------------------------
Edward J. Malik O.D. Chartered and Associates seeks approval from
the U.S. Bankruptcy Court for the District of Nevada to hire legal
counsel in connection with its Chapter 11 case.

The Debtor proposes to hire Ghandi Deeter Blackham to give legal
advice regarding its duties under the Bankruptcy Code, review
claims, assist in the preparation of a bankruptcy plan, and provide
other legal services.

The hourly rates charged by the firm are:

     Attorneys            $250 - $400
     Law Clerks                  $175
     Paraprofessionals     $75 - $150

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

The firm can be reached through:

     Nedda Ghandi, Esq.
     Ghandi Deeter Blackham
     725 South 8th Street Suite 100
     Las Vegas, NV 89101
     Phone: 702-878-1115
     Email: nedda@ghandilaw.com

                   About Edward J. Malik O.D.

Edward J. Malik O.D. Chartered and Associates owns and operates an
optometry practice.   It sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. D. Nev. Case No. 16-16872) on December 30,
2016.  The petition was signed by Edward J. Malik, president.  

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


EMERALD GRANDE: Wants Court to Allow Cash Collateral Use
--------------------------------------------------------
Emerald Grande, LLC, asks the U.S. Bankruptcy Court for the
Northern District of West Virginia for authorization to use cash
collateral and to instruct the Debtor's tenants to pay rent to the
Debtor.

The Debtor owns and operates two hotel properties, the La Quinta
Inn and Suites adjacent to the Elkview Crossings Shopping Mall,
Elkview, West Virginia, and the La Quinta Inn and Suites, adjacent
to the Merchant's Walk Shopping Mall, Summersville, West Virginia.
The Debtor also owns a real estate development in Charleston
(Kanawha City), West Virginia.

The Debtor is indebted to Carter Bank & Trust in the original
principal amount of $10,850,000.  The Debt is secured by deeds of
trust and assignment of rents on the Debtor's La Quinta Inn
Hotels.

The Debtor also obtained two loans from First Bank of Charleston,
one in the principal amount of $2,400,000, and secured by the
Debtor's commercial development located on MacCorkle Ave and 57th
Street, Charleston South Annex, Charleston, West Virginia, also
known as the Charleston Property, and the other in the amount of
$400,000, secured by a second priority loan on the Charleston
Property.

The Debtor owed 2015 real estate taxes on the Elkview Hotel and the
Summersville Hotel.  The tax liens on the Elkview Hotel and
Summersville Hotel were sold in November 2016.  The Debtor has not
yet redeemed the taxes.

The following tenants are currently occupying the Charleston
Property:

     (1) Loma Brothers, Inc.;
     (2) Zhen Yu Weng; and
     (3) Wireless Zone, a division of Legacy Holdings Group, LLC.

The Debtor tells the Court that the rents under the leases are paid
by the tenants directly into an account at First Bank of
Charleston.

The Debtor contends that Carter Bank is adequately protected by the
equity cushion relative to the Note.  The Debtor further contends
that First Bank of Charleston is adequately protected by the equity
cushion relative to the Charleston Property.

The Debtor proposes, however, to grant Carter Bank and First Bank
of Charleston with a super-priority administrative claim, which
will have priority over any and all administrative expenses, to the
extent of any decrease in value of Carter Bank and First Bank of
Charleston's collateral.  

The Debtor wants to have the notices sent by First Bank of
Charleston to the tenants, to pay their respective rents directly
to First Bank of Charleston, revoked and released.  The Debtor says
that the tenants should be directed to pay all outstanding and
future rents to the Debtor, without any liability to First Bank of
Charleston.  The Debtor also wants to have all rents that may be
paid to First Bank of Charleston after the Petition Date
immediately paid and turned over to the Debtor.

The Debtor tells the Court that it requires the rents paid by the
tenants to fund its operations in the ordinary course, and that the
loss of such funds would be fatal to the Debtors and any prospects
for successful reorganization.

A full-text copy of the Debtor's Motion, dated Jan. 11, 2017, is
available at
http://bankrupt.com/misc/EmeraldGrande2017_117bk00021_11.pdf

                       About Emerald Grande

Emerald Grande, LLC, owns and operates two hotel properties, the La
Quinta Inn and Suites adjacent to the Elkview Crossings Shopping
Mall, Elkview, West Virginia and the La Quinta Inn and Suites
adjacent to the Merchant’s Walk Shopping Mall, Summersville, West
Virginia.  It also owns a real estate development in Charleston
(Kanawha City), West Virginia.

Emerald Grande filed a chapter 11 petition (Bankr. N.D. W.Va. Case
No. 17-00021) on
Jan. 11, 2017.  The petition was signed by William A. Abruzzino,
managing member.  The case is assigned to Judge Patrick M. Flatley.
The Debtor estimated assets and liabilities at $10 million to $50
million at the time of the filing.  The Debtor is represented by
Steven L. Thomas, Esq., at Kay, Casto & Chaney PLLC.


EXPERIMENTAL MACHINE: Seeks to Hire Naden/Lean as Accountant
------------------------------------------------------------
Experimental Machine, Inc seeks approval from the United States
Bankruptcy Court for the District of Maryland to hire Bruce Caulk,
C.P.A. and his firm Naden/Lean, LLC as accountant.

The services Bruce Caulk, C.P.A. and Naden/Lean, LLC will provide
are:

     (a) Assist the Debtor in analyzing operational problems,
designing a turnaround strategy and implementing the strategy;

     (b) Perform consulting activities (management advisory
services) that provide information to assist the Debtor in making
decisions, including the development of a business plan;

     (c) Assist the Debtor in determining the type of action to
take to resolve its financial problems;

     (d) Prepare special financial statements, including a balance
sheet as of the date the petition was filed;

     (e) Assist in preparing operating statements to be filed with
the Court;

     (f) Perform special investigative services, including an
analysis of selected
transactions to determine if preferences or fraudulent transfers
exist;

     (g) Reconcile and evaluate creditors' proofs of claims;

     (h) Determine or assist in determining the value of the
business;

     (i) Provide tax advice on several issues including the impact
that debt discharge
and the terms of the plan will have on the Debtor's tax liability;

     (j) Assist the Debtor to formulate a plan that meets the
approval of creditors and also allows the Debtor to operate the
business successfully;

     (k) Assist in preparing the disclosure statement that must be
issued prior to or at the time acceptance of the plan is solicited;
and

     (l) Render other services including assistance in finding
sources of credit.

Mr. Caulk attests that he and his firm have no connection with the
Debtor, its creditors, or any other parties in interest, their
respective attorneys and accountants, the United States Trustee, or
any person employed in the office of the United States Trustee, has
no interest adverse to the Estate which would disqualify it from
the requested employment, and is a disinterested person.

Mr. Caulk is willing to act as accountant to the Estate in exchange
for fees based on his normal hourly rates (between $110.00 and
$330.00 adjusted annually).

The firm can be reached through:

     Bruce Caulk, CPA
     Naden/Lean, LLC
     10626 York Rd # H
     Cockeysville, MD 21030
     Tel: 410-453-5500
     E-mail: bcaulk@nlgroup.com

                           About Experimental Machine

Experimental Machine, Inc., filed a chapter 11 petition (Bankr. D.
Md. Case No. 16-25294) on Nov. 18, 2016.  The Debtor is represented
by Michael S. Myers, Esq., at Scarlett, Croll & Myers, P.A.


FANSTEEL INC: Hires Clark Hill as Environmental Counsel
-------------------------------------------------------
Fansteel, Inc., seeks authorization from the U.S. Bankruptcy Court
for the Southern District of Iowa to employ Clark Hill PLC, as its
environmental counsel.

FMRI, Inc. was established by Fansteel, Inc. when it filed
bankruptcy in 2002, as a special purpose vehicle to (a)
decommission the Muskogee, Oklahoma facility, and (b) to satisfy
the obligations under the Nuclear Regulatory Commission ("NRC")
License to effect the decommissioning of the Muskogee facility.
FMRI is funded by Fansteel, through the loans FMRI obtained from
Fansteel under their Plan of Reorganization, and from pursuing
claims against insurance companies.  The claims recovered were not
only used to satisfy the FMRI loans from Fansteel, but also the
Environmental Claims at the various sites.

The Debtor requires Clark Hill to:

      a. assist the Debtor to prepare demand letters, and negotiate
with Debtor's insurers to resolve environmental claims;

      b. advise the Debtor with respect to permitting and
remediation of the Muskogee, Oklahoma and Creston, Iowa facilities:
and

      c. advise on the pursuit of other entities potentially liable
for their share of the remediation costs of these facilities.

Additionally, Clark Hill will assist with the negotiations with the
Department of Justice, Oklahoma Department of Environmental
Quality, Iowa Department of Natural Resources and the Department of
Public Health, with respect to the claims filed in the bankruptcy
for remediation of the Muskogee and Creston Facilities, and other
legal matters regarding the repurposing and closure of the
facilities.

Clark Hill will be paid at these hourly rates:

      Mark Steger             $475
      Lawyer                  $180-$650
      Legal Assistant         $80-$195

Mark Steger, Esq., senior counsel in Clark Hill PLC, 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.

Clark Hill may be reached at:

     Mark Steger
     Clark Hill PLC
     130 East Randolph Street, Suite 3900
     Chicago, IL 60601
     Tel: 312-985-5916
     Fax: 312-985-5964
     E-mail: msteger@ClarkHill.com   

                    About Fansteel, Inc.

Headquartered in Creston, Iowa, Fansteel operates four
business
units at four locations in the USA and one in Mexico
with a
workforce of more than 600 employees. Fansteel
generated
approximately $87.4 million in revenue in 2015 on a
consolidated basis.  WDC contributes approximately 67% of
Fansteel's sales.  The rest of the sales are generated from
Intercast, a division of Fansteel, and other non-debtor
subsidiaries, as disclosed in court documents.



Fansteel, Inc., d/b/a Fansteel Intercast, d/b/a Fansteel Wellman
Dynamics, d/b/a Fansteel American Sintered Technologies, Wellmand
Dynamics Corporation, and Wellman Dynamics Machinery & Assembly,
Inc. filed chapter 11 petitions (Bankr. S.D. Iowa Lead Case No.
16-01823) on Sept. 13, 2016.  The petitions were signed by Jim
Mahoney, CEO.  The cases are assigned to Judge Anita L. Shodeen.
The Debtors disclosed total assets of $32.9 million and total
debt
of $41.97 million.



The Debtors tapped Jeffrey D. Goetz, Esq. and Krystal
R.
Mikkilineni, Esq., at Bradshaw, Fowler, Proctor & Fairgrave,
P.C., as counsel; and RSM US LLP as tax advisor.



The U.S. Trustee for Region 12 on Sept. 23, 2016, appointed nine
creditors of Fansteel Inc. to serve on the official committee of
unsecured creditors.  The Official Committee has retained
MorrisAnderson & Associates, Ltd., as financial advisor, and Archer
& Greiner, P.C. and Nyemaster Goode, P.C., as counsel.


FANSTEEL INC: Hires Stantec as Environmental Consultant
-------------------------------------------------------
Fansteel, Inc., seeks authorization from the U.S. Bankruptcy Court
for the Southern District of Iowa to employ Stantec Consulting
Services, Inc., as its environmental consultant.

FMRI, Inc. was established by Fansteel, Inc. when it filed
bankruptcy in 2002, as a special purpose vehicle to (a)
decommission the Muskogee, Oklahoma facility, and (b) to satisfy
the obligations under the Nuclear Regulatory Commission ("NRC")
License to effect the decommissioning of the Muskogee facility.
FMRI is funded by Fansteel, through the loans FMRI obtained from
Fansteel under their Plan of Reorganization, and from pursuing
claims against insurance companies. The claims recovered were not
only used to satisfy the FMRI loans from Fansteel, but also the
Environmental Claims at the various sites.

The Debtor wishes to employ Stantec as its Environmental Consultant
to assist with strategic planning in the closure and re-purposing
of the processing facility in Muskogee, Oklahoma.

The Debtor requires Stantec to:

     a. Task 1 - Develop Strategy for Site Transition
  
     b. Task 2 - Technical Assistance with Execution of
                 Strategy
     
     c. Task 3 - Technical Assistance with Groundwater
                 Remediation
     
     d. Task 4 - Technical Assistance with Site Closure

The Debtor provides Stantec with a post-petition retainer of
$10,000 towards the $40,000 flat fee.

Clint Strachan, principal Geotechnical for Stantec Consulting
Services, 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.

Stantec may be reached at:

      Clint Strachan
      Stantec Consulting Services, Inc.
      19 Technology Drive
      Irvine, CA 92618-2334
      Phone: 949-923-6000
      Fax: 949-923-6121

                    About Fansteel, Inc.

Headquartered in Creston, Iowa, Fansteel operates four
business
units at four locations in the USA and one in Mexico
with a
workforce of more than 600 employees. Fansteel
generated
approximately $87.4 million in revenue in 2015 on a
consolidated basis.  WDC contributes approximately 67% of
Fansteel's sales.  The rest of the sales are generated from
Intercast, a division of Fansteel, and other non-debtor
subsidiaries, as disclosed in court documents.



Fansteel, Inc., d/b/a Fansteel Intercast, d/b/a Fansteel Wellman
Dynamics, d/b/a Fansteel American Sintered Technologies, Wellmand
Dynamics Corporation, and Wellman Dynamics Machinery & Assembly,
Inc. filed chapter 11 petitions (Bankr. S.D. Iowa Lead Case No.
16-01823) on Sept. 13, 2016.  The petitions were signed by Jim
Mahoney, CEO.  The cases are assigned to Judge Anita L. Shodeen.
The Debtors disclosed total assets of $32.9 million and total
debt
of $41.97 million.



The Debtors tapped Jeffrey D. Goetz, Esq. and Krystal
R.
Mikkilineni, Esq., at Bradshaw, Fowler, Proctor & Fairgrave,
P.C., as counsel; and RSM US LLP as tax advisor.



The U.S. Trustee for Region 12 on Sept. 23, 2016, appointed nine
creditors of Fansteel Inc. to serve on the official committee of
unsecured creditors.  The Official Committee has retained
MorrisAnderson & Associates, Ltd., as financial advisor, and Archer
& Greiner, P.C. and Nyemaster Goode, P.C., as counsel.


FARMACIAS FREDDY: Hires Batista Law Group as Counsel
----------------------------------------------------
Farmacias Freddy, Inc., seeks authorization from the U.S.
Bankruptcy Court for the District of Puerto Rico to employ Batista
Law Group, PSC as counsel for the Debtor.

The Debtor said it is not sufficiently familiar with the law to be
able to plan and conduct the Chapter 11 proceedings without
competent legal counsel.

The Debtor has found the law firm and its members to be duly
qualified to represent the Debtor in these proceedings by reason of
their ability, integrity and professional experience.

Batista Law Group will be paid at these hourly rates:

    Jesus E. Batista Sanchez, Esq.      $225.00
    Associates                          $150.00
    Paralegals                          $75.00

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

Jesus E. Batista Sanchez, Esq., principal of the Batista Law Group,
PSC, 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.

Batista Law Group may be reached at:

     Jesus E. Batista Sanchez, Esq.
     Batista Law Group, PSC
     20 Ave. Munoz Rivera, Suite 901
     San Juan, PR 00918
     Telephone: 787-620-2856
     Fax: 787-777-1589

Farmacias Freddy, Inc., based in Naguabo, Puerto Rico, filed a
Chapter 11 bankruptcy petition (Bankr. D. P.R. Case No. 16-09980)
on December 23, 2016.  The Hon. Brian K. Tester presides over the
case.  Jesus Enrique Batista Sanchez, Esq., at The Batista Law
Group, PSC, serves as Chapter 11 counsel.  In its petition, the
Debtor listed $646,094 in total assets and $1.05 million in total
liabilities.  The petition was signed by Ivan Garcia, president.


FERGUSON CONVALESCENT: Trustee Taps Marcus & Millichap as Broker
----------------------------------------------------------------
Charles J. Taunt, the Chapter 11 Trustee of Ferguson Convalescent
Home, Inc, seeks approval from the United States Bankruptcy Court
for the Eastern District of Michigan, Flint Division, to employ
Marcus & Millichap as broker.

The Trustee seeks to employ Marcus & Millichap to assist the
Trustee in the marketing and sale of the Debtor's assets.  The firm
will be paid a commission equal to 6% of the sales price.

James W. Knapp attests that his firm represents no interest adverse
to the Debtor or the Bankruptcy Estate and its employment would be
in the best interests of the Estate.

The firm can be reached through:

     James W. Knapp
     Marcus & Millichap
     Two Towne Square, Suite 450
     Southfield, MI 48076
     Tel: (248) 415-2656
     Fax: (517) 545-9183

                               About Ferguson Convalescent

Ferguson Convalescent Home, Inc., filed a Chapter 11 bankruptcy
petition (Bankr. E.D. Mich. Case No. 16-30397) on Feb. 24, 2016.
The case is pending before the Honorable Daniel S. Opperman.  The
Debtor is represented by Martin W. Hable, Esq., in Lapeer, Mich.

On December 13, 2016, Charles J. Taunt was appointed as Chapter 11
trustee.

The Debtor is a privately owned and licensed long term skilled
nursing facility located at 239 S. Main St., Lapeer, Mich.  It
consists of 87 licensed beds, located within a leased facility. The
Debtor had 54 residents and employed nearly 100 full and part-time
employees at the time of the bankruptcy filing.


FLORIDA FOREST: Disclosure Statement Hearing Set for Feb. 2
-----------------------------------------------------------
The U.S. Bankruptcy Court for the Northern District of Florida is
set to hold a hearing on Feb. 2, at 10:45 a.m., to consider
approval of the disclosure statement, which explains the Chapter 11
plan of reorganization of Florida Forest Products of Cross City,
Inc.

The hearing will take place at the U.S. Courthouse, Courtroom 3,
Third Floor, 401 S.E. First Avenue, Gainesville, Florida.
Objections are due by Jan. 26.

The restructuring plan proposes to pay general unsecured creditors
a monthly payment of $7,500 starting on the confirmation of the
plan and ending 60 months after.  

Payments under the plan will be funded by revenue derived from the
operation of Florida Forest's business.

                     About Florida Forest Products

Florida Forest Products of Cross City, Inc. is a Florida
corporation, whose business is primarily retail and wholesale
lumber and hardware sales from its location in Cross City, Florida.
It is a corporation which operates a building supply retail store
in Cross City, Florida.  The Debtor has been in business since
2014.

The Debtor filed for Chapter 11 bankruptcy protection (Bankr. N.D.
Fla. Case No. 16-10148) on June 28, 2016.  The petition is signed
by Russ Allen, president.  The Debtor is represented by Angela M.
Ball, Esq., at Angela M. Ball, P.A.   

The Debtor estimated assets of less than $50,000 and debts of less
than $500,000 at the time of the filing.


FOUNTAINS OF BOYNTON: Has Until Feb. 6 to Solicit Plan Acceptances
------------------------------------------------------------------
Judge Erik P. Kimball of the U.S. Bankruptcy Court for the Southern
District of Florida extended Fountains of Boynton Associates,
Ltd.'s exclusive period for soliciting acceptances to its Plan of
Reorganization through February 6, 2017.

The Debtor previously sought the extension of its exclusive
solicitation period, contending that it filed a plan of
reorganization and disclosure statement on May 5, 2016, and by
prior order, the Court had extended the Solicitation Period to
January 5, 2017.  The Debtor further contended that the hearing on
the Disclosure Statement had been continued to January 19, 2017, in
order for the Debtor to negotiate the terms of a consensual plan or
structured dismissal with its largest creditor, Hanover Acquisition
3, LLC.

The Debtor related that it had filed a motion to approve that
agreement and to dismiss the case believing it had reached a global
resolution with Hanover.  The Debtor further related that
subsequent to the filing of that motion, the parties had been
unable to finalize certain details of the agreement.  The Debtor
added that it was still negotiating with Hanover.

The Debtor told the Court that, while the parties were at an
impasse, the Debtor believed it was close to reaching an agreement
in principle with Hanover on the terms of a structured dismissal or
alternate resolution of the case.  The Debtor further told the
Court that it would be reasonable to extend the Solicitation Period
while the parties finalize the terms of the agreement and seek
Court approval, or in the alternative, to permit the Debtor an
opportunity to confirm its plan.

          About Fountains of Boynton Associates, Ltd.

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.


FUNCTION(X) INC: Borrows Add'l $250,000 from Sillverman Investment
------------------------------------------------------------------
As previously disclosed by Function(x) Inc. in a Form 8-K filed on
June 12, 2015, Sillerman Investment Company IV, LLC, an affiliate
of Robert F.X. Sillerman, the Company's executive chairman and
chief executive officer of the Company, agreed to provide a Line of
Credit to the Company.

On Dec. 30, 2016, the Company borrowed an additional $250,000 under
the Line of Credit.  The principal amount now outstanding under the
Line of Credit is $3,464,586 and the Company is entitled to draw up
to an additional $1,535,414 under the Line of Credit.

                      About Function(x)Inc.

Based in New York, FunctionX Inc (NASDAQ:FNCX) is a diversified
media and entertainment company.  The Company conducts three lines
of businesses, which are digital publishing through Wetpaint.com,
Inc. (Wetpaint) and Rant, Inc. (Rant); fantasy sports gaming
through DraftDay Gaming Group, Inc. (DDGG), and digital content
distribution through Choose Digital, Inc. (Choose Digital).  The
Company's segments include Wetpaint, which is a media channel
reporting original news stories and publishing information content
covering television shows, music, celebrities, entertainment news
and fashion; Choose Digital, which is a business-to-business
platform for delivering digital content; DDGG, which is a
business-to-business operator of daily fantasy sports, and Other.
The Company's digital publishing business also includes Rant, which
is a digital publisher that publishes original content in over 13
verticals, such as in sports, entertainment, pets, cars and food.

The Company incurred a net loss of $63.68 million for the year
ended June 30, 2016, compared to a net loss of $78.53 million for
the year ended June 30, 2015.  As of Sept. 30, 2016, Function(x)
had $33.07 million in total assets, $27.51 million in total
liabilities and $5.55 million in total stockholders' equity.

BDO USA, LLP, in New York, issued a "going concern" qualification
on the consolidated financial statements for the year ended
June 30, 2016, citing that the Company has suffered recurring
losses from operations and at June 30, 2016, has a deficiency in
working capital that raise substantial doubt about its ability to
continue as a going concern.


GARDEN FRESH: Selling Assets to New York Investment Firm
--------------------------------------------------------
The American Bankruptcy Institute, citing Lori Weisberg of Los
Angeles Times, reported that Garden Fresh Restaurant Corp., which
owns the Souplantation and Sweet Tomatoes restaurants, will sell
its assets to a New York private investment firm as part of its
bankruptcy restructuring plan.

According to the report, the sale, which was approved in bankruptcy
court, is expected to be completed by late January.  San
Diego-based Garden Fresh said that that once it emerges from
Chapter 11 later this month, 90 to 104 restaurants will remain, the
report related.

No significant changes to its day-to-day operations are
anticipated, said Garden Fresh, which operates more than 100
company-owned restaurants in 11 states, the report further
related.

At the time of last year's bankruptcy filing, Garden Fresh received
court approval to close 20 restaurants, including those in Utah and
Kansas City, as well as multiple locations in Chicago and Dallas,
the report said.  The company didn't anticipate then that it would
need to close any of its Southern California locations, the report
added.

                       About Garden Fresh

Founded in 1978 and headquartered in San Diego, CA, Garden Fresh
owns of 123 Souplantation and Sweet Tomatoes restaurants across 15
states.  Garden Fresh has 5,500 employees, approximately 5,000 of
whom are employed on an hourly basis.

Garden Fresh Restaurant Intermediate Holding, LLC, and its
affiliates filed Chapter 11 petitions (Bankr. D. Del. Case Nos.
16-12174 to 16-12178) on Oct. 3, 2016.  The petitions were signed
by
John D. Morberg, chief executive officer.

The Debtors have hired Morgan, Lewis & Bockius LLP as general
counsel; Young, Conaway, Stargatt & Taylor, LLP as local counsel;
Piper Jaffray Companies as financial advisor; and Epiq Bankruptcy
Solutions, LLC as claims and noticing agent.

At the time of the filing, Garden Fresh Restaurant Intermediate
Holdings estimated assets and debts at $0 to $50,000.

Andrew R. Vara, Acting U.S. Trustee for Region 3, on Oct. 13,
2016,
appointed five creditors of Garden Fresh Restaurant Intermediate
Holdings, LLC, et al., to serve on the official committee of
unsecured creditors.


GIBSON ENERGY: S&P Affirms 'BB' Rating on Sr. Unsecured Debt
------------------------------------------------------------
S&P Global Ratings said it has reviewed its recovery and
issue-level ratings on Gibson Energy ULC 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 also affirming its 'BB'
issue-level rating on Gibson's senior unsecured debt and revising
S&P's recovery rating on the debt 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.

Recovery Analysis

Key analytical factors:

   -- S&P's simulated default scenario incorporates the assumption

      that Gibson would default in 2021.

   -- In this scenario, Gibson would experience margin pressure
      from reduced propane sales, environmental service activity,
      and storage fees.

   -- As a result, the company reaches a point where it can no
      longer cover its debt servicing and sustain capital
      expenditure requirements from operating cash flows or
      available liquidity.

   -- S&P assumes that Gibson would be reorganized or sold as a
      going concern as opposed to liquidated.

   -- S&P believes that if the company were to default, there
      would continue to be a viable business model driven by
      demand for longer term crude oil storage and environmental
      services.

   -- S&P's recovery analysis yields a net default enterprise
      value of C$1.3 billion.  This is based on a 6.0x multiple of

      C$215 million of emergence EBITDA estimate and 5%
      administrative expenses.

Simplified waterfall:

   -- Emergence EBITDA: C$215 million
   -- Multiple: 6.0x
   -- Gross recovery value: C$1.3 billion
   -- Net recovery value for waterfall after administrative
      expenses (5%) :C$215 million
   -- Obligor/non-obligor valuation split: 100/0%
   -- Estimated priority claims: C$452 million
      -----------------------------------------
   -- Remaining recovery value: C$774 million
   -- Estimated senior unsecured notes claim: C$1.3 billion
   -- Value available for unsecured claim: C$774 million
      -- Recovery range: 50%-70% (lower half of the range)

RATINGS LIST

Gibson Energy ULC
Corporate credit rating                       BB/Negative/--

Rating Affirmed; Recovery Rating Revised

                                     To            From
Gibson Energy Inc.
Senior unsecured debt               BB            BB
  Recovery rating                    3L            4H


GK HOLDINGS: S&P Lowers CCR to 'B-', on CreditWatch Negative
------------------------------------------------------------
S&P Global Ratings said that it has lowered its corporate credit
rating on U.S.-based GK Holdings Inc. (Global Knowledge) to 'B-'
from 'B'.  At the same time, S&P placed the rating on CreditWatch
with negative implications.

S&P lowered its issue-level rating on the company's first-lien debt
to 'B-' from 'B' and placed the rating on CreditWatch negative.
The '3' recovery rating remains unchanged, indicating S&P's
expectation for meaningful recovery (50%-70%; upper half of the
range) of principal in the event of a payment default.

S&P also lowered its issue-level rating on Global Knowledge's
second-lien term loan to 'CCC+' from 'B-' and placed the rating on
CreditWatch negative.  The '5' recovery rating remains unchanged,
indicating S&P's expectation for modest recovery (10%-30%; lower
half of the range) of principal in the event of a payment default

"Global Knowledge has underperformed our expectations since we
lowered our ratings on the company in January 2016," said S&P
Global Ratings' credit analyst Kathryn Archibald.  S&P had expected
organic growth in low- to mid-single-digit percentage range as a
result of new customer wins and improved EBITDA margin due to an
increase in average student per class.  However, the company has
struggled to exhibit consistent revenue growth due to adverse
foreign exchange fluctuations as well as significant operational
changes.  Since 2015, Global Knowledge has made material
investments in its IT platforms and restructured its sales force.
The company also recruited a new CEO in December 2015 and,
subsequently, new senior managers.  Although these investments have
resulted in increased costs, they haven't yet yielded improved
sales growth.

"We expect the company to generate negligible discretionary cash
flows, its adjusted debt leverage to increase above 6.5x, and the
headroom on its first-lien covenant to tighten further through the
fiscal year ending Sept. 30, 2017," said Ms. Archibald.  "We
believe there is a material risk of a covenant breach unless the
company's lenders make a covenant amendment or its financial
sponsor makes an equity injection, since the covenants are set to
step down by 0.25x to 6.0x in the fiscal third quarter ending June
2017."

S&P aims to resolve the CreditWatch placement once the company has
addressed the tightening covenant headroom and the covenant
step-down due in the fiscal third-quarter June 2017.  S&P could
lower the ratings if it believes an amendment or equity injection
is unlikely and view a covenant breech as likely.  S&P could affirm
the ratings if it believes the risk of a covenant breach has been
reduced, potentially through either an amendment by the lenders or
an equity injection by the company's financial sponsor.


GLYECO INC: Wynnefield Reports 27% Equity Stake as of Dec. 27
-------------------------------------------------------------
In an amended Schedule 13D filed with the Securities and Exchange
Commission, the Wynnefield Reporting Persons disclosed that as of
Dec. 27, 2016, they beneficially owned in the aggregate 32,922,748
shares of Common Stock of GlyEco, Inc., constituting approximately
27.0% of the outstanding shares of Common Stock.  

The percentage of shares of Common Stock reported as being
beneficially owned by the Wynnefield Reporting Persons is based
upon 123,069,520 shares of Common Stock outstanding as of Dec. 27,
2016, which includes (i) 119,632,020 shares of Common Stock
outstanding as of Nov. 11, 2016, as set forth in the Issuer's
Quarterly Report on Form 10-Q filed with the Commission on
Nov. 14, 2016; and (ii) 3,437,500 warrants to purchase shares of
Common Stock beneficially owned by the Wynnefield Reporting
Persons.

                                                 Percentage
                            Number of Common   of Outstanding
  Name                           Stock          Common Stock
  ----                      ----------------   --------------
Wynnefield Partners            15,942,637           13.1%
Small Cap Value, L.P. I

Wynnefield Partners             9,821,094            8.1%
Small Cap Value, L.P.

Wynnefield Small Cap            6,697,477            5.6%
Value Offshore Fund, Ltd.

Wynnefield Capital, Inc.         461,540             0.4%
Profit Sharing
& Money Purchase Plan

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

                      https://is.gd/XsTpIb
    
                       About GlyEco, Inc.

Phoenix, Ariz.-based GlyEco, Inc., is a green chemistry company
formed to roll-out its proprietary and patent pending glycol
recycling technology that transforms waste glycols, a hazardous
material, into profitable green products.

GlyEco reported a net loss available to common shareholders of
$12.5 million on $7.36 million of net sales for the year ended Dec.
31, 2015, compared to a net loss available to common shareholders
of $8.73 million on $5.89 million of net sales for the year ended
Dec. 31, 2014.

As of Sept. 30, 2016, GyleCo had $5.73 million in total assets,
$1.31 million in total liabilities and $4.42 million in total
stockholders' equity.

KMJ Corbin & Company LLP, in Costa Mesa, California, 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 had recurring losses from operations, has negative
operating cash flows during the year ended Dec. 31, 2015, and has
an accumulated deficit of $34,550,503 as of Dec. 31, 2015.  These
factors raise substantial doubt about the Company's ability to
continue as a going concern.


GOLFSMITH INTERNATIONAL: Seeks May 12 Plan Filing Period Extension
------------------------------------------------------------------
Golfsmith International Holdings, Inc., et al., ask the U.S.
Bankruptcy Court for the District of Delaware to extend their
exclusive periods for filing a chapter 11 plan and soliciting
acceptances to the plan, through May 12, 2017 and July 11, 2017,
respectively.

The Debtors tell the Court that they have worked toward the winding
down of their businesses and affairs by (i) commencing the Store
Closing Sales, (ii) securing a binding offer for the purchase of
the Debtors' headquarters located in Austin, Texas, (iii) seeking
the assumption and assignment of numerous unexpired leases, and
(iv) rejecting other burdensome executory contracts and unexpired
leases.  The Debtors further tell the Court that they have sold
substantially all of their assets and are working diligently
towards an exit strategy that will facilitate the distribution of
the value obtained from these efforts to the Debtors' various
creditor constituencies.

The Debtors' Motion is scheduled for hearing for February 21, 2017
at 11:00 a.m.  The deadline for the filing of objections to the
Debtors' Motion is January 26.

        About Golfsmith International Holdings, Inc.

Headquartered in Austin, Texas, Golfsmith International Holdings,
Inc., the parent company of Golfsmith International, Inc., is a
holding company. The Company is a specialty retailer of golf and
tennis equipment, apparel, footwear and accessories. The Company
operates as an integrated multi-channel retailer, providing its
customers the convenience of shopping in the retail stores across
United States, through its Internet site,
http://www.golfsmith.com/,and from its catalogs.  The Company      
offers a product selection that features national brands, pre-owned
clubs and its branded products. It offers a number of  customer
services and customer care initiatives, including its  club
trade-in program, 30-day playability guarantee, 115% low- price
guarantee, its credit card, in-store golf lessons, and  SmartFit,
its club-fitting program. As of Jan. 1, 2011, the  Company operated
75 stores in 21 states and 33 markets.

Golfsmith International Holdings, Inc., and 12 affiliates filed
Chapter 11 petitions (Bankr. D. Del. Case No. 16-12033) on Sept.
14, 2016.  The petitions were signed by Brian E. Cejka, chief
restructuring officer.  The Debtors are represented by Mark D.
Collins, Esq., John H. Knight, Esq., Zachary I. Shapiro, Esq., and
Brett M. Haywood, Esq., at Richards, Layton & Finger, P.A., in
Wilmington, Delaware; and Michael F. Walsh, Esq., David N.
Griffiths, Esq., and Charles  M. Persons, Esq., at Weil, Gotshal &
Manges LLP, in New York.

The Debtors' financial advisor is Alvarez & Marsal North America,
LLC. The Debtors' investment banker is Jefferies LLC.  The Debtors'
claims, noticing and solicitation agent is Prime Clerk  LLC.  Pope
Shamsie & Dooley LLP serves as tax accountants.

At the time of filing, the Debtor estimated assets and liabilities
at $100 million to $500 million.

Andrew Vara, acting U.S. trustee for Region 3, on Sept. 23, 2016,
appointed seven creditors to serve on the official committee of
unsecured creditors. The Committee hires Cooley LLP as lead
counsel, Chaitons LLP as Canadian counsel, Polsinelli PC as
Delaware counsel, Province, Inc. as financial advisor, and A&G
Realty Partners as real estate advisor.


GOOD FIGHT OF FAITH ASSEMBLY: Seeks to Hire Henry as Attorney
-------------------------------------------------------------
Good Fight of Faith Assembly, Inc. seeks the approval from the
United States Bankruptcy Court for the Western District of
Louisiana, Alexandria Division, to employ L. Laramie Henry, as
attorney under a general retainer to give the debtor legal advice
with respect to the debtor's business and management to the
debtor's property and to perform all legal services for the
debtor-in-possession as may be necessary.  The hourly rate to be
charged by Ms. Henry is $250.00 per hour for attorney time and
$75.00 per hour for paralegal time.

Ms. Henry attests that she is "disinterested" within the meaning of
11 U.S.C. Sections 327 and 1107(b).

The attorney can be reached through:

     L. Laramie Henry (#26333)
     P.O. Box 8536
     Alexandria, LA 71306
     Tel: (318) 445-6000

                     About Good Fight of Faith Assembly

Founded in 2001, Good Fight of Faith Assembly is a small
organization in the religious organizations industry located in
Alexandria, Louisiana.  Good Fight of Faith Assembly, Inc. filed a
Chapter 11 bankruptcy petition (Bankr. W.D. La. Case No. 16-81296)
on November 30, 2016, listing under $1 million in both assets and
liabilities.  The Debtor is represented by L. Laramie Henry, Esq.,
as counsel.  The Debtor has approximately two full time employees
and generates an estimated $53,713 in annual revenue at the time of
the bankruptcy filing.


GRACIOUS HOME: Seeks to Employ Trenk DiPasquale as Counsel
----------------------------------------------------------
Gracious Home LLC seeks approval from the United States Bankruptcy
Court for the Southern District of New York to employ Trenk,
DiPasquale, Della Fera & Sodono, PC as counsel.

Services to be rendered are:

     (a) Advise the Debtors with respect to their powers and duties
as debtors and debtors in possession in the continued management
and operation of their businesses  and properties;

     (b) Attend meetings and negotiate with representatives of
creditors and other parties in interest and advise and consult on
the conduct of the cases, including all of the legal and
administrative requirements of operating in chapter 11;

     (c) Take all necessary actions to protect and preserve the
Debtor's estates, including the prosecution of actions on the
Debtor's behalf, the defense of actions commenced against the
Debtors' estates, negotiations concerning litigation in which the
Debtors may be involved, and objections to claims filed against the
Debtor's estates;

     (d) Prepare in behalf of the Debtor, all motions,
applications, answers, orders, reports, and papers necessary to the
administration of the estates;

     (e) Negotiate and prepare on the Debtor's behalf plans of
reorganization, disclosure statements, and all related agreements
and/or documents, and take any necessary action on behalf of the
Debtors to obtain confirmation of such plans;

     (f) Advise the Debtors in connection with ant sale of assets;

     (g) Appear before this court, any appellate courts, and the
U.S. Trustee, and protect the interests of the Debtors' estates
before such courts and the U.S. Trustee; and

     (h) Perform all necessary legal services and provide all other
necessary legal advice to the Debtors in connection with these
Chapter 11 Cases.

Since January 1, 2016, the hourly rates under the Firm's standard
rate structure have ranged from $375-$610 per hour for partners,
$225-$370 per hour for associates, $195 per hour for law clerks,
and $145-$210 per hour for paralegals and support staff.

Joseph J. DiPasquale, Esq. attests that Trenk DiPasquale is a
"disinterested person" within the meaning of the section 101(14) of
the Bankruptcy Code.

In pursuant to paragraph D.1 of the U.S. Trustee Guidelines, the
Firm said it has not agreed to any variations from, or alternatives
to, their standard or customary billing arrangements for this
engagement. Professionals included in this engagement cannot vary
their rate based on the geographic location of the bankruptcy case.
Recognizing that unforeseeable fees and expenses may arise in large
chapter 11 cases, Trenk DiPasquale said the firm and the Debtors
may need to amend the Trenk DiPasquale budget as necessary to
reflect changed circumstances or unanticipated developments.

The Firm can be reached through:

     Joseph J. DiPasquale, Esq.
     Irena M. Goldstein, Esq.
     TRENK, DIPASQUALE, DELLA FERA & SODONO, PC
     347 Mount Pleasant Avenue, Suite 300
     West Orange, NJ 07052
     Tel: 973-323-8666
     Mobile: 973-280-5047
     Email: jdipasquale@trenklawfirm.com
          igoldstein@trenklawfirm.com

                   About Gracious Home

Gracious Home LLC and its affiliates filed for bankruptcy
protection (Bankr. S.D.N.Y. Case No. 16-13500) on Dec. 14, 2016.
They are represented by Joseph J. DiPasquale, Esq. of Trenk,
Dipasquale, Della Ferra & Sodono, P.C.  The Debtors tapped B. Riley
& Co. as restructuring advisor, and A&G Realty Partners, LLC as
real estate advisor.

The Debtors estimated $10 million to $50 million in assets and
liabilities as of the
bankruptcy filing.

The Office of the U.S. Trustee on Jan. 6, 2017, appointed five
creditors of Gracious Home LLC to serve on the official committee
of unsecured creditors.


GRACIOUS HOME: To Hire Prime Clerk as Claims and Noticing Agent
---------------------------------------------------------------
Gracious Home LLC seeks approval from the United States Bankruptcy
Court for the Southern District of New York to employ Prime Clerk
LLC as claims and noticing agent.

Work to be performed by Prime Clerk are:

     (a) Prepare and serve required notices and documents in the
Chapter 11 Cases in accordance with the Bankruptcy Code and the
Bankruptcy Rules in the form and manner directed by the Debtors
and/or this Court;

     (b) Maintain an official copy of the Debtors' schedules of
assets and liabilities, and statement of financial affairs, listing
the Debtors’ known creditors and the amounts owed thereto;

     (c) Maintain (i) a list of all potential creditors, equity
holders, and other parties-in interest;

     (d) Furnish a notice to all potential creditors of the last
date for the filing of proofs of claim and a form for the filing of
a proof of claim, after such notice and form are approved by this
Court, and notify said potential creditors of the existence,
amount, and classification of their respective claims as set forth
in the Schedules, which may be effected by inclusion of such
information on a customized proof of claim form provided to
potential creditors;

     (e) Maintain a post office box or address for the purpose of
receiving claims and
returned mail, and process all mail received;

     (f) Prepare and file all notices, motions, orders, or other
pleadings or documents served;

     (g) Provide a secure on-line tool through which creditors can
file proofs of claim and related documentation, eliminating costly
manual intake, processing and data entry of paper claims and
ensuring maximum efficiency in the claim-filing process;

     (h) Process all proofs of claim received, including those
received by the Clerk's
Office, review said processing for accuracy, and maintain the
original proofs of claim in a secure area;

     (i) Maintain the official claims register for the Debtors on
behalf of the Clerk's Office;

     (j) Implement necessary security measures to ensure the
completeness and integrity of the Claims Register and the
safekeeping of the original proofs of claim;

     (k) Mail claim acknowledgement letters to filers of claims;

     (l) Manage and coordinate the publication of legal notices, as
requested

     (m) Record all transfers of claims and provide any notices of
such transfers as
required by Bankruptcy Rule 3001(e);

     (n) Relocate, by messenger or overnight delivery, all of the
Court-filed proofs of claim to the offices of Prime Clerk, not less
than weekly;

     (o) Upon completion of the docketing process for all claims
received to date for each case, turn over to the Clerk's Office
copies of the Claims Register for the Clerk's Office's review;

     (p) Monitor this Court's docket for all notices of appearance,
address changes, and claims-related pleadings and orders filed, and
make necessary notations on and/or
changes to the Claims Register;

     (q) Assist in the dissemination of information to the public,
and respond to requests for administrative information regarding
the Chapter 11 Cases as directed by the Debtors or this Court,
including through the use of a case website and/or call
center;

     (r) If the Chapter 11 Cases are converted to chapter 7,
contact the Clerk's Office within three days of the notice to Prime
Clerk of entry of the order converting the Chapter 11 Cases;

     (s) Thirty days prior to the close of the Chapter 11 Cases, to
the extent practicable, request that the Debtors submit to this
Court a proposed order dismissing Prime Clerk and terminating the
services of such agent upon completion of its duties and
responsibilities and upon the closing of the Chapter 11 Cases;

     (t) Within seven days of notice to Prime Clerk of entry of an
order closing the Chapter 11 Cases, provide to this Court the final
version of the Claims Register as of the date immediately before
the close of the Chapter 11 Cases;

     (u) At the close of the Chapter 11 Cases, box and transport
all original documents, in proper format, as provided by the
Clerk's Office, to the Federal Archives Record Administration,
located at Central Plains Region, 200 Space Center Drive, Lee's
Summit, MO 64064 or any other location requested by the Clerk's
Office;

     (v) Provide public access to the Claims Registers, including
complete proofs of claim with attachments, if any, without charge;
and

     (w) Provide other related claims and noticing services as the
Debtors may
require in connection with the Chapter 11 Cases.

Michael J. Frishberg, Co-President and Chief Operating Officer,
Prime Clerk LLC, attests that his firm is a "disinterested person"
as that term is defined in section 101(14) of the Bankruptcy Code.


Prime Clerk's hourly rates per service are:

     Analyst                      $30-$45
     Technology Consultant        $50-$90
     Consultant/Senior Consultant $70-$160
     Director                     $165-$185
     Solicitation Consultant      $185
     Director of Solicitation     $195

The Firm can be reached through:

     Michael J. Frishberg J.D.
     Shai Waisman
     PRIME CLERK, LLC
     830 3rd Avenue, 9th Floor
     New York, NY 10022
     Tel: (212) 257-5445
     Mobile: 917-754-0679
     Email: swaisman@primeclerk.com
          mfrishberg@primeclerk.com

                   About Gracious Home

Gracious Home LLC and its affiliates filed for bankruptcy
protection (Bankr. S.D.N.Y. Case No. 16-13500) on Dec. 14, 2016.
They are represented by Joseph J. DiPasquale, Esq. of Trenk,
Dipasquale, Della Ferra & Sodono, P.C.  The Debtors tapped B. Riley
& Co. as restructuring advisor, and A&G Realty Partners, LLC as
real estate advisor.

The Debtors estimated $10 million to $50 million in assets and
liabilities as of the
bankruptcy filing.

The Office of the U.S. Trustee on Jan. 6, 2017, appointed five
creditors of Gracious Home LLC to serve on the official committee
of unsecured creditors.


HANJIN SHIPPING: U.S. Creditors Oppose $78M Sale of Terminal
------------------------------------------------------------
Tom Corrigan, writing for The Wall Street Journal Pro Bankruptcy,
reported that the sale of the operator of a Long Beach, Calif.,
container terminal has provoked stiff opposition from Hanjin
Shipping Co.'s U.S. creditors, many of whom say the deal is
designed to bypass them.

According to the report, Hanjin has asked Judge John Sherwood of
the U.S. Bankruptcy Court in Newark, N.J., to sign off on a
proposed $78 million sale of the business, overruling creditors
that have fought the deal and aim to keep as many of the shipper's
assets in the U.S. as possible.

At the heart of the dispute is an inherent tension among creditors
in the bankruptcy, all of whom are vying to have as much of their
debt as possible repaid from a limited pool of resources, the
Journal noted.  Some U.S. creditors -- including container lessors,
insurance providers and the Port of Seattle -- say the terms of the
sale and Hanjin's plans to direct any proceeds to South Korea could
leave them empty-handed and without recourse to fully enforce their
rights, the report related.

During a U.S. court hearing on the sale that began Jan. 12, lawyers
for Hanjin described the Long Beach terminal business as a "melting
ice cube" that had to be sold quickly to preserve Hanjin's ability
to extract any value from the asset, the report further related.
The Seoul Central District Court, which is the primary authority
overseeing Hanjin's bankruptcy, has already approved the sale, the
report said.

Michael Edelman, Esq., a lawyer for a group of container lessors,
said in court on Jan. 12 that Hanjin was attempting to avoid U.S.
creditors and more rigorous oversight by U.S. courts, where some
U.S. creditors expect their claims to be treated more favorably
than in South Korea, the report related.

                      About Hanjin Shipping

Hanjin Shipping Co., Ltd., is mainly engaged in the transportation
business through containerships, transportation business through
bulk carriers and terminal operation business. The Debtor is a
stock-listed corporation with a total of 245,269,947 issued shares
(common shares, KRW 5000 per share) and paid-in capital totaling
KRW 1,226,349,735,000. Of these shares 33.23% is owned by Korean
Air Lines Co., Ltd., 3.08% by Debtor and 0.34% by employee
shareholders' association.

The Company operates approximately 60 regular lines worldwide,
with
140 container or bulk vessels transporting over 100 million tons
of
cargo per year. It also operates 13 terminals specialized for
containers, two distribution centers and six Off Dock Container
Yards in major ports and inland areas around the world. The
Company
is a member of "CKYHE," a global shipping conference and also a
partner of "The Alliance," another global shipping conference to
be
launched in April 2017.

Hanjin Shipping listed total current liabilities of KRW 6,028,543
million and total current assets of KRW 6,624,326 million as of
June 30, 2016.

As a result of the severe lack of liquidity, Hanjin applied to the
Seoul Central District Court 6th Bench of Bankruptcy Division for
the commencement of rehabilitation under the Debtor Rehabilitation
and Bankruptcy Act on Aug. 31, 2016. On the same day, it requested
and was granted a general injunction and the preservation of
disposition of the Company's assets.  The Korean Court's decision
to commence the rehabilitation was made on Sept. 1, 2016.  Tai-Soo
Suk was appointed as the Debtor's custodian.

The Chapter 15 case is pending in the U.S. Bankruptcy Court for
the
District of New Jersey (Bankr. D.N.J. Case No. 16-27041) before
Judge John K. Sherwood.

Cole Schotz P.C. serves as counsel to Tai-Soo Suk, the Chapter 15
petitioner and the duly appointed foreign representative of Hanjin
Shipping.


HOLSTED MARKETING: Can Get $200,000 Loan From Victor Benson
-----------------------------------------------------------
Judge James L. Garrity, Jr., of the U.S. Bankruptcy Court for the
Southern District of New York authorized Holsted Marketing, Inc.,
to obtain postpetition financing from its president and majority
shareholder, Victor Benson, on a final basis.

The Debtor is authorized to obtain the amount of $200,000 from the
Benson Loan.

Mr. Benson is granted an administrative claim against the Debtor's
estate, subordinate to all other administrative claims against the
Debtor's estate, and fees and any applicable interest thereon.

A full-text copy of the Final Order, dated Jan. 12, 2017, is
available at
http://bankrupt.com/misc/HolstedMarketing2016_1611683jlg_110.pdf

                  About Holsted Marketing

Founded in 1971, Holsted Marketing, Inc., is a New York-based
multi-channel direct-marketing company, and has supplied fashion
jewelry and accessories to millions of customers in the United
States, Canada and the United Kingdom.

Holsted Marketing filed its second chapter 11 petition (Bankr.
S.D.N.Y. Case No. 16-11683) on June 8, 2016.  The petition was
signed by Roy Rathbun, senior vice president of finance and IT.
The case is assigned to Judge James L. Garrity, Jr.  The Debtor
estimated assets and liabilities at $1 million to $10 million at
the time of the filing.
  
The Debtor is represented by Gerard R. Luckman, Esq., at
SilvermanAcampora, LLP. The Debtor employed Leonard Harris, CPA as
accountants.

The Office of the U.S. Trustee appointed three creditors of Holsted
Marketing, Inc., to serve on the official committee of unsecured
creditors.  The Committee retained Troutman Sanders, LLP as
counsel.


HOMER CITY: Unsecureds To Recoup 100% Under Ch. 11 Plan
-------------------------------------------------------
Homer City Generation, L.P., filed with the U.S. Bankruptcy Court
for the District of Delaware a disclosure statement dated Jan. 9,
2017, for the prepackaged Chapter 11 plan of reorganization.

Class 4 General Unsecured Claims are unimpaired under the Plan.
Holders are expected to recover 100%.  In full satisfaction of its
Claim, each holder of an Undisputed General Unsecured Claim who was
not paid pursuant to the All Trade Order will receive (i) payment
in Cash in an amount equal to such Claim, payable on the later of
the Effective Date and the date that is ten (10) Business Days
after such General Unsecured Claim becomes Allowed, in each case,
or as soon as reasonably practicable thereafter, or (ii) such other
treatment so as to render such holder's General Unsecured Claim
Unimpaired pursuant to section 1124 of the Bankruptcy Code.

On the Effective Date, in accordance with, and subject to, the
terms and conditions of the Exit Facility Credit Agreement, the
Reorganized Debtor will enter into the Exit Facility.  Authority to
enter into the Exit Facility will be deemed granted by the
confirmation court order without the need for any further consents
or documents by Homer City, its partners, GE or the holders of
Claims or Interests.  The proceeds issued or deemed issued under
the Exit Facility will be used to (i) fund distributions, costs,
and expenses contemplated by the Plan, (ii) provide letters of
credit or other credit support to replace the GE Guaranties in
their entirety, including with respect to the O&M Agreement and
with respect to any Surety Bond, and (iii) fund general working
capital and for general corporate purposes of the Reorganized
Debtor.

The voting deadline to accept or reject the Plan is 5:00 p.m.,
Eastern Standard Time, on Feb. 6, 2017, unless extended by the
Debtor.

The Disclosure Statement is available at:

          http://bankrupt.com/misc/deb17-10086-10.pdf

As reported by the Troubled Company Reporter on Jan. 13, 2017, the
Debtor sought bankruptcy protection to implement a prepackaged
financial restructuring plan of reorganization.  The Plan
contemplates a debt-for-equity swap of the Notes and facilitates a
transfer of ownership and financial management to holders of the
Notes.

                        About Homer City

Homer City Generation, L.P., is the owner of a coal-fired,
independent power production plant located in Homer City,
Pennsylvania, about 45 miles east of Pittsburgh.

Non-debtor EFS Homer City, LLC owns 95.04% of the partnership
interests of Homer City.  Metropolitan Life Insurance Company,
which is also not a Debtor in these cases, owns 4.96% of the
partnership interests of Homer City.

Homer City filed a voluntary case under Chapter 11 of the
Bankruptcy Code in the U.S. Bankruptcy Court for the District of
Delaware on Jan. 11, 2017.  The case has been assigned to Judge
Mary F. Walrath and Case No. 17-10086.

Homer City expects to meet its business obligations in the normal
course and intends to pay vendors in full for goods and services
provided on or after the filing date under normal terms and
conditions.

Homer City also filed a number of customary motions seeking Court
authorization to support its business operations during the
pre-packaged reorganization process, including approval for Homer
City to: (a) access its cash collateral, (b) continue using its
existing cash management system, (c) prohibit utility companies
from discontinuing services, and (d) pay prepetition claims of
general unsecured creditors.

Richards, Layton & Finger is serving as legal advisor to Homer
City, PJT Partners is serving as its financial advisor and Zolfo
Cooper is Homer City's restructuring advisor.  Epiq Bankruptcy
Solutions, LLC, is serving as the Debtor's claims and
administrative advisor.  O'Melveny and Myers LLP and Young Conaway
Stargatt & Taylor, LLP, are serving as legal advisors to the ad hoc
group of noteholders and Houlihan Lokey is serving as the financial
advisor to the ad hoc group of noteholders.


HUDSON VALLEY MALL: Loan Now Delinquent, Moody's Says
-----------------------------------------------------
Moody's Investors Service has affirmed the ratings on five classes
and downgraded the ratings on five classes in CFCRE Commercial
Mortgage Securities Trust, Commercial Pass-Through Certificates,
Series 2011-C1 as follows:

Cl. A-3, Affirmed Aaa (sf); previously on Dec 16, 2016 Affirmed Aaa
(sf)

Cl. A-4, Affirmed Aaa (sf); previously on Dec 16, 2016 Affirmed Aaa
(sf)

Cl. B, Affirmed Aa2 (sf); previously on Dec 16, 2016 Affirmed Aa2
(sf)

Cl. C, Affirmed A2 (sf); previously on Dec 16, 2016 Affirmed A2
(sf)

Cl. D, Downgraded to Ba1 (sf); previously on Dec 16, 2016
Downgraded to Baa3 (sf) and Placed Under Review for Possible
Downgrade

Cl. E, Downgraded to Ca (sf); previously on Dec 16, 2016 Downgraded
to B2 (sf) and Placed Under Review for Possible Downgrade

Cl. F, Downgraded to C (sf); previously on Dec 16, 2016 Downgraded
to Caa1 (sf) and Placed Under Review for Possible Downgrade

Cl. G, Downgraded to C (sf); previously on Dec 16, 2016 Downgraded
to Caa3 (sf) and Placed Under Review for Possible Downgrade

Cl. X-A, Affirmed Aaa (sf); previously on Dec 16, 2016 Affirmed Aaa
(sf)

Cl. X-B, Downgraded to Caa2 (sf); previously on Dec 16, 2016
Downgraded to B3 (sf) and Placed Under Review for Possible
Downgrade

RATINGS RATIONALE

The ratings on four investment grade P&I classes were affirmed
because the transaction's key metrics, including Moody's
loan-to-value (LTV) ratio, Moody's stressed debt service coverage
ratio (DSCR) and the transaction's Herfindahl Index (Herf), are
within acceptable ranges.

The ratings on four P&I classes were downgraded due to higher
anticipated losses from specially serviced and troubled loans,
primarily due to an increase in the expected loss from the sale of
the Hudson Valley Mall Loan.

The rating on one IO class (Class X-A) was affirmed based on the
credit performance (or the weighted average rating factor or WARF)
of its referenced classes. The rating on one IO Class (Class X-B)
was downgraded due to a decline in the credit performance (or the
weighted average rating factor or WARF) of its referenced classes.

The rating action concludes the rating review implemented by
Moody's on December 16, 2016.

Moody's rating action reflects a base expected loss of 17.4% of the
current balance, compared to 15.3% at Moody's last review. Moody's
base expected loss plus realized losses is now 7.6% of the original
pooled balance, compared to 6.7% at the last review. Moody's
provides a current list of base expected losses for conduit and
fusion CMBS transactions on moodys.com at
http://www.moodys.com/viewresearchdoc.aspx?docid=PBS_SF215255.

FACTORS THAT WOULD LEAD TO AN UPGRADE OR DOWNGRADE OF THE RATINGS:

The performance expectations for a given variable indicate Moody's
forward-looking view of the likely range of performance over the
medium term. Performance that falls outside the given range can
indicate that the collateral's credit quality is stronger or weaker
than Moody's had previously expected.

Factors that could lead to an upgrade of the ratings include a
significant amount of loan paydowns or amortization, an increase in
the pool's share of defeasance or an improvement in pool
performance.

Factors that could lead to a downgrade of the ratings include a
decline in the performance of the pool, loan concentration, an
increase in realized and expected losses from specially serviced
and troubled loans or interest shortfalls.

METHODOLOGY UNDERLYING THE RATING ACTION

The methodologies used in these ratings were "Approach to Rating US
and Canadian Conduit/Fusion CMBS" published in December 2014, and
"Moody's Approach to Rating Large Loan and Single Asset/Single
Borrower CMBS" published in October 2015. Please see the Rating
Methodologies page on www.moodys.com for a copy of these
methodologies.

DESCRIPTION OF MODELS USED

Moody's review used the excel-based CMBS Conduit Model, which it
uses for both conduit and fusion transactions. Credit enhancement
levels for conduit loans are driven by property type, Moody's
actual and stressed DSCR, and Moody's property quality grade (which
reflects the capitalization rate Moody's uses to estimate Moody's
value). Moody's fuses the conduit results with the results of its
analysis of investment grade structured credit assessed loans and
any conduit loan that represents 10% or greater of the current pool
balance.

Moody's uses a variation of Herf to measure the diversity of loan
sizes, where a higher number represents greater diversity. Loan
concentration has an important bearing on potential rating
volatility, including the risk of multiple notch downgrades under
adverse circumstances. The credit neutral Herf score is 40. The
pool has a Herf of 13, the same as at Moody's last review.

When the Herf falls below 20, Moody's uses the excel-based Large
Loan Model and then reconciles and weights the results from the
conduit and large loan models in formulating a rating
recommendation. The large loan model derives credit enhancement
levels based on an aggregation of adjusted loan-level proceeds
derived from Moody's loan-level LTV ratios. Major adjustments to
determining proceeds include leverage, loan structure, property
type and sponsorship. Moody's also further adjusts these aggregated
proceeds for any pooling benefits associated with loan level
diversity and other concentrations and correlations.

DEAL PERFORMANCE

As of the December 16, 2016 distribution date, the transaction's
aggregate certificate balance has decreased by 56% to $277 million
from $635 million at securitization. The certificates are
collateralized by 22 mortgage loans ranging in size from less than
1% to 18% of the pool, with the top ten loans constituting 69% of
the pool. One loan, constituting 3% of the pool, has defeased and
is secured by US government securities.

Two loans, constituting 8% of the pool, are on the master
servicer's watchlist. The watchlist includes loans that meet
certain portfolio review guidelines established as part of the CRE
Finance Council (CREFC) monthly reporting package. As part of
Moody's ongoing monitoring of a transaction, the agency reviews the
watchlist to assess which loans have material issues that could
affect performance.

As of the December remittance statement, one loan has been
liquidated from the pool with a loss, resulting in a de minimis
loss (for less than 1% loss severity). One loan, constituting 18%
of the pool, is currently in special servicing. The specially
serviced loan is the Hudson Valley Mall Loan ($48.9 million --
17.7% of the pool), which is secured by a 765,500 square foot (SF)
component of a regional mall located in Kingston, New York,
approximately 100 miles north of New York City. The loan
transferred to special servicing in April 2015 due to imminent
default. The loan remained current on its debt service payments
through August 2016, however, the loan has since become delinquent.
The mall was anchored by a J.C. Penney, Macy's, Sears, Target
(ground lease), Regal Cinemas and Dick's Sporting Goods. Two of the
three department store anchors, J.C. Penney and Macy's, have
vacated their spaces, though both will continue to pay rent through
their respective lease expiration dates in 2017. Hudson Valley Mall
was reportedly sold in January 2017 for $8.1 million, which will
result in a significant loss on this loan.

Moody's received full year 2015 operating results for 100% of the
pool and partial year 2016 operating results for 97% of the pool.
Moody's weighted average conduit LTV is 85%, the same as at Moody's
last review. Moody's conduit component excludes loans with
structured credit assessments, defeased and CTL loans, and
specially serviced and troubled loans. Moody's net cash flow (NCF)
reflects a weighted average haircut of 13% to the most recently
available net operating income (NOI). Moody's value reflects a
weighted average capitalization rate of 9%.

Moody's actual and stressed conduit DSCRs are 1.43X and 1.23X,
respectively, the same as at the last review. Moody's actual DSCR
is based on Moody's NCF and the loan's actual debt service. Moody's
stressed DSCR is based on Moody's NCF and a 9.25% stress rate the
agency applied to the loan balance.

The top three conduit loans represent 21% of the pool balance. The
largest loan is the Santa Fe Retail Portfolio ($24.1 million --
8.7% of the pool), which is secured by a seven property portfolio
located in Santa Fe, New Mexico. The portfolio consists of six
retail and one office building totaling 189,000 SF. The office
component is 12,500 SF and comprises 6% of the allocated balance.
The majority of the retail tenants are galleries or art related. As
of June 2016, the portfolio was 95% leased, the same as at July
2015. Moody's LTV and stressed DSCR are 97% and 1.06X,
respectively, compared to 97% and 1.05X at the last review.

The second largest loan is the Walker Center Loan ($17.7 million --
6.4% of the pool), which is secured by a 154,000 SF office building
located in the CBD of Salt Lake City, Utah. As of June 2016, the
property was 88% leased compared to 90% leased as of June 2015.
Moody's LTV and stressed DSCR are 90% and 1.18X, respectively, the
same as at the last review.

The third largest loan is the Heights at McArthur Park Loan ($16.3
million -- 5.9% of the pool), which is secured by a 216-unit
garden-style apartment complex located near Fort Bragg and Pope Air
Force Base in Fayetteville, North Carolina. The property was 87%
leased as of June 2016, up from 80% as of February 2016. The net
operating income (NOI) dropped in 2015 and 2016 due in part to
lower occupancy. The loan remains on the watchlist as the DSCR is
below the 1.10X threshold. Due to the low DSCR, Moody's has
identified this loan as a troubled loan.


IDDINGS TRUCKING: Hires Strip Hoppers Leithart as Counsel
---------------------------------------------------------
Iddings Trucking, Inc., seeks authorization from the U.S.
Bankruptcy Court for the Southern District of Ohio to employ Strip,
Hoppers, Leithart, McGrath & Terlecky Co., LPA, as bankruptcy
counsel for the Debtor-in-Possession.

The Debtor requires the Strip Hoppers to:

       a. advise the Debtor with respect to its rights, powers and
duties in this case;

       b. advise and assist the Debtor in the preparation of its
petition, schedules, and statement of financial affairs;

       c. assist and advise the Debtor in connection with the
administration of this case;

       d. analyze the claims of the creditors in this case, and
negotiate with such creditors;

       e. investigate the acts, conduct, assets, rights,
liabilities and financial condition of the Debtor and the
Debtor’s business;

       f. advise and negotiate with respect to the sale of any or
all assets of the Debtor;

       g. investigate, file and prosecute litigation of behalf of
the Debtor;

       h. propose a plan of reorganization;

       i. appear and represent the Debtor at hearings, conferences,
and other proceedings;

       j. prepare and/or review motions, applications, orders, and
other filings filed with the Court;

       k. institute or continue any appropriate proceedings to
recover assets of the estate; and

       l. perform any and all such other legal services as may be
required that are in the best interest of the estate or its
creditors.

Strip Hoppers lawyers who will work on the Debtor's case and their
hourly rates are:

       A.C. Strip                        $375
       Myron N. Terlecky                 $325
       John W. Kennedy                   $275

On December 15, 2016, Strip Hoppers received $10,000.00 from the
Debtor, which was deposited in the firm's trust account.
Thereafter, on December 28, 2016, Strip Hoppers received $21,717.00
from the Debtor, which was deposited in the firm's trust account,
for a total of $31,717.00 to be applied against future services,
including the filing fee.

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

Myron N. Terlecky, Esq. shareholder at the law firm of Strip,
Hoppers, Leithart, McGrath & Terlecky Co., LPA, 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.

SHLMT may be reached at:

      Myron N. Terlecky, Esq.
      John W. Kennedy, Esq.
      Strip, Hoppers, Leithart, McGrath & Terlecky Co., LPA
      575 South Third Street
      Columbus, OH 43215-5759
      Telephone: (614) 228-6345
      Facsimile: (614) 228-6369
      Email: mnt@columbuslawyer.net

                About Iddings Trucking, Inc.

Iddings Trucking, Inc., filed a chapter 11 petition (Bankr. S.D.
Ohio Case No. 16-58202) on Dec. 30, 2016.  The petition was
signed by George C. Loeber, president.  The Debtor is represented
by John W. Kennedy, Esq. and Myron N. Terlecky, Esq., at Strip
Hoppers Leithart McGrath & Terlecky Co., LPA.  The case is
assigned to Judge Kathryn C. Preston.  The Debtor estimated
assets and liabilities at $1 million to $10 million.

The Debtor is in the business of commercial
trucking.  Its
principal place of business is located at 741
Blue Knob Road,
Marietta, Ohio 45750.  The Debtor has been in
business for more
than 50 years as it was founded in 1966.  The
Debtor employed approximately 32 individuals as of the bankruptcy
filing.


IHEARTCOMMUNICATIONS INC: Parent Grants $4.25M Retention Bonuses
----------------------------------------------------------------
The Board of Directors of iHeartMedia, Inc., the indirect parent
company of iHeartCommunications, Inc., approved a form of retention
bonus agreement and individual retention bonus amounts for certain
senior managers, including three of iHeartMedia's named executive
officers who will receive retention bonuses under the plan as
follows:

   * Robert W. Pittman, chairman and chief executive officer -
     $1,750,000;

   * Richard J. Bressler, president, chief operating officer and
     chief financial officer - $1,750,000; and

   * Steven J. Macri, senior vice president, corporate finance -
     $750,000.

The retention bonuses were paid on or about Jan. 12, 2017.
Recipients are required to repay 100% of the after-tax value of his
retention bonus if the recipient's employment terminates before the
second anniversary of the Effective Date.  In the event of
termination of a recipient's employment by iHeartMedia without
cause, by the recipient for "good reason," or due to death or
disability before the first anniversary of the Effective Date, if
the recipient executes and does not revoke a customary release of
claims, the recipient will be required to repay 50% of the
after-tax value of his retention bonus.  In the event of Qualifying
Termination on or after the first anniversary of the Effective
Date, or if the recipient remains employed until the second
anniversary of the Effective Date, the recipient will retain the
entire retention bonus.  The after-tax value of the retention bonus
will be determined by iHeartMedia as the applicable portion of the
retention bonus, net of any taxes the recipient is required to pay
in respect thereof, and taking into account any tax benefit that
may be available to the recipient in respect of such repayment.  In
consideration of the retention bonus, each recipient will be
required to release certain claims against iHeartMedia and
acknowledge certain confidentiality and nondisparagement
agreements.

On Jan. 10, 2017, the Board of Directors also approved the 2017 Key
Employee Incentive Plan, pursuant to which Robert W. Pittman and
Richard J. Bressler will be eligible to earn an aggregate bonus of
$7,000,000 and $3,000,000, respectively.  The Incentive Plan will
commence as of Jan. 1, 2017, and will continue until Dec. 31, 2017.
Each participant in the Incentive Plan will have the opportunity
to earn (i) a quarterly performance bonus of 25% of the applicable
Target Bonus for each quarter in 2017, depending upon the extent to
which a quarterly performance goal based on the relevant metric has
been achieved for such quarter, and (ii) in the second, third and
fourth quarters of 2017, if the target Quarterly Performance Goal
for that quarter is exceeded, a "catch up" payment, depending upon
the extent to which a cumulative performance goal based on the
relevant metric has been achieved for the portion of the year
through the end of such quarter.  The applicable metrics will be
established by the Compensation Committee of the Board of Directors
after consultation with Mr. Pittman.  The "catch up" payments allow
participants to earn any portion of the quarterly bonus that was
not fully earned in a prior quarter, but not more.  In order to
earn any quarterly performance bonus, a participant must remain
employed by iHeartMedia through the end of the applicable quarter.

                   About iHeartCommunications

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

IheartCommunications reported a net loss attributable to the
Company of $755 million on $6.24 billion of revenue for the year
ended Dec. 31, 2015, compared to a net loss attributable to the
Company of $794 million on $6.31 billion of revenue for the
year ended Dec. 31, 2014.

As of Sept. 30, 2016, IHeartcommunications had $12.82 billion in
total assets, $23.78 billion in total liabilities and a total
shareholders' deficit of $10.96 billion.

                       Bankruptcy Warning

"The ability to refinance the debt will depend on the condition of
the capital markets and our financial condition at such time.  
Any refinancing of the debt could be at higher interest rates and
increase debt service obligations and may require us and our
subsidiaries to comply with more onerous covenants, which could
further restrict our business operations.  The terms of existing
or future debt instruments may restrict us from adopting some of
these alternatives.  These alternative measures may not be
successful and may not permit us or our subsidiaries to meet
scheduled debt service obligations.  If we or our subsidiaries
cannot make scheduled payments on indebtedness, we or our
subsidiaries, as applicable, will be in default under one or more
of the debt agreements and, as a result we could be forced into
bankruptcy or liquidation," the Company said in its annual report
for the year ended Dec. 31, 2015.  

                           *    *    *

iHeartCommunications carries a 'Caa2 Corp.' corporate family rating
from Moody's Investors Service.

As reported by the TCR on Dec. 15, 2016, Fitch Ratings has
downgraded iHeartCommunications, Inc.'s Long-Term Issuer Default
Rating (IDR) to 'CC' from 'CCC'.  According to the report, the
downgrade reflects the increasing likelihood that iHeart will look
to restructure its debt within a year or two.


INNOVATIVE CONSTRUCTION: Court Denies Approval of Plan Outline
--------------------------------------------------------------
The U.S. Bankruptcy Court for the Western District of Pennsylvania
denied approval of the second amended disclosure statement, which
explains the Chapter 11 plan proposed by Innovative Construction,
Inc.

The plan proposed to pay all creditors of the company in full.  It
proposed to pay unsecured creditors over 52 months as follows: 36
payments in the amount of $1,497, 15 payments in the amount of
$5,498 and one payment in the amount of $1,102.

An objection was filed by Michael T. Mansour.

A copy of the court order signed by Judge Jeffery Deller is
available for free at https://is.gd/xESEj7

               About Innovative Construction

Innovative Construction, Inc. leases real property to Caravan II,
LLC, which operates a hotel and restaurant. It also owns sand and
gravel deposits.

The Debtor filed for Chapter 11 bankruptcy protection (Bankr. W.D.
Pa. Case No. 16-20088) on Jan. 12, 2016. The petition was signed by
Linda Menichino, president.

The Debtor is represented by Robert O. Lampl, Esq.  The case is
assigned to Judge Jeffery A. Deller.

The Debtor estimated both assets and liabilities in the range of $1
million to $10 million.


INT'L SHIPHOLDING: Feb. 16 Plan Confirmation Hearing Set
--------------------------------------------------------
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. H Clarkson & Company Limited and Jacq. Pierot Jr. & Sons
Inc. have also been tapped as the Debtors' brokers.

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.

On Dec. 28, 2016, the Debtors filed their first amended joint
Chapter 11 plan of reorganization.  Class 7 general unsecured
creditors are expected to recover 7% of their claims, according to
the filing.


INT'L SHIPHOLDING: Taps H Clarkson, Jacq. Pierot as Brokers
-----------------------------------------------------------
International Shipholding Corp. seeks approval from the U.S.
Bankruptcy Court for the Southern District of New York to hire
brokers in connection with the potential sale of its vessel.

The Debtor proposes to hire H Clarkson & Company Limited and Jacq.
Pierot Jr. & Sons Inc. to market and sell its Pure Car and Truck
Carrier vessel named the Green Dale.

The firms will be compensated at a rate of 1.5% of the gross sales
price of the vessel.  The broker that negotiates and concludes the
sale will receive 1% of the gross sales price.  The remaining 0.5%
will be paid to the other broker.

The firms maintain offices at:

     H. Clarkson & Co Ltd.
     Commodity Quay, St, Katharine Docks
     London E1W1BF
     Email: containers@clarksons.com

          -- and --

     Jacq. Pierot Jr. & Sons, Inc.
     29 Broadway, Suite 1825
     New York, NY 10006
     Email: snp@pierotshipping.com

                 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.

On Dec. 28, 2016, the Debtors filed their first amended joint
Chapter 11 plan of reorganization.  Class 7 general unsecured
creditors are expected to recover 7% of their claims, according to
the filing.


INTELLIPHARMACEUTICS INT'L: Partner Launches 25 & 35 mg Focalin
---------------------------------------------------------------
Intellipharmaceutics International Inc. announced that its United
States marketing partner, Par Pharmaceutical, has launched the 25
and 35 mg strengths of its generic Focalin XR (dexmethylphenidate
hydrochloride extended-release) capsules in the U.S.  The U.S. Food
and Drug Administration has granted final approval to Par's
abbreviated new drug application for its generic Focalin XR
capsules in the 5, 10, 15, 20, 25, 30, 35 and 40 mg strengths.  The
Company is unable to state or estimate an actual launch date of any
remaining strengths, but currently intends to provide an update
once it is advised by Par of the launch of any additional strengths
of its generic Focalin XR.

As the first filer of an ANDA for generic Focalin XR in the 25 and
35 mg strengths, Par will have 180 days of U.S. generic marketing
exclusivity for those strengths.  Under a licensing and
commercialization agreement between the Company and Par, the
Company receives quarterly profit-share payments on Par's U.S.
sales of generic Focalin XR.

Dr. Isa Odidi, the CEO and a co-founder of Intellipharmaceutics,
stated, "We are thrilled to begin the New Year with news of Par's
launch, with 180 days of U.S. generic market exclusivity, of the 25
and 35 mg strengths of its generic Focalin XR.  The launch of these
additional strengths builds on the 15 and 30 mg strengths currently
marketed by Par, and should significantly improve our revenues in
2017."

Focalin XR, a drug used in the treatment of attention deficit
hyperactivity disorder, is marketed by Novartis Pharmaceuticals
Corporation.  According to Symphony Health Solutions, sales for the
12 months ended November 2016 of Focalin XR in the 25 and 35 mg
strengths, respectively, in the U.S. were approximately $66 million
and $14 million (TRx MBS Dollars, which represents projected new
and refilled prescriptions representing a standardized dollar
metric based on manufacturer's published catalog or list prices to
wholesalers, and does not represent actual transaction prices and
does not include prompt pay or other discounts, rebates or
reductions in price).  There can be no assurance as to whether any
of the recently-approved strengths of generic Focalin XR will be
successfully commercialized.

                  About Intellipharmaceutics

Toronto, Canada-based Intellipharmaceutics International Inc. is
incorporated under the laws of Canada.  Intellipharmaceutics is a
pharmaceutical company specializing in the research, development
and manufacture of novel and generic controlled-release and
targeted-release oral solid dosage drugs.  Its patented
Hypermatrix(TM) technology is a multidimensional controlled-
release drug delivery platform that can be applied to the
efficient development of a wide range of existing and new
pharmaceuticals.  Based on this technology, Intellipharmaceutics
has a pipeline of product candidates in various stages of
development, including filings with the FDA in therapeutic areas
that include neurology, cardiovascular, gastrointestinal tract,
diabetes and pain.

Intellipharmaceutics reported a net loss of US$7.43 million on
US$4.09 million of revenues for the year ended Nov. 30, 2015,
compared to a net loss of US$3.85 million on US$8.76 million of
revenues for the year ended Nov. 30, 2014.

As of Aug. 31, 2016, the Company had US$5.36 million in total
assets, US$3.61 million in total liabilities and US$1.75 million in
shareholders' equity.

Deloitte LLP issued a "going concern" opinion on the consolidated
financial statements for the year ended Nov. 30, 2015, citing that
the Company's recurring losses from operations and shareholders'
deficiency raise substantial doubt about its ability to continue
as a going concern.


JDR METAL & GLASS: Taps Bueno and Company as Accountant
-------------------------------------------------------
JDR Metal & Glass, Inc. seeks approval from the U.S. Bankruptcy
Court for the District of New Jersey to hire an accountant.

The Debtor proposes to hire Bueno and Company CPA to prepare tax
returns, provide financial analysis, prepare projections required
to formulate a bankruptcy plan, and provide other accounting
services.

Bueno and Company will receive $1,300 per month for its services.

Edgar Bueno, a certified public accountant employed with Bueno and
Company, disclosed in a court filing that his firm is
"disinterested" as defined in section 101(14) of the Bankruptcy
Code.

The firm can be reached through:

     Edgar Bueno
     Bueno and Company CPA
     817 Dye Avenue
     Elmwood Park, NJ 07407
     Phone: (201) 773-3019
     Fax: (201) 625-6342
     Email: EdgardBuenoCPA@optimum

                     About JDR Metal & Glass

JDR Metal & Glass, Inc. sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. D. N.J. Case No. 17-10530) on January 10,
2017.  The petition was signed by Victor Jimenez, president.  

The case is assigned to Judge Vincent F. Papalia.

At the time of the filing, the Debtor disclosed $184,700 in total
assets and $1.22 million in liabilities.


JDR METAL & GLASS: Taps Cullen and Dykman as Legal Counsel
----------------------------------------------------------
JDR Metal & Glass, Inc. seeks approval from the U.S. Bankruptcy
Court for the District of New Jersey to hire legal counsel.

The Debtor proposes to hire Cullen and Dykman LLP to give legal
advice regarding its duties under the Bankruptcy Code, and provide
other legal services related to its Chapter 11 case.

The hourly rates charged by the firm are:

     Partners       $425 - $705
     Associates     $225 - $375
     Paralegals      $90 - $175

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

Cullen and Dykman can be reached through:

     David Edelberg, Esq.
     Cullen and Dykman LLP
     433 Hackensack Avenue
     Hackensack, NJ 07601
     Tel: (201) 488-1300
     Fax: (201) 488-6541
     Email: dedelberg@cullenanddykman.com

                     About JDR Metal & Glass

JDR Metal & Glass, Inc. sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. D. N.J. Case No. 17-10530) on January 10,
2017.  The petition was signed by Victor Jimenez, president.  

The case is assigned to Judge Vincent F. Papalia.

At the time of the filing, the Debtor disclosed $184,700 in total
assets and $1.22 million in liabilities.


KINGDOM REAL ESTATE: Seeks to Hire Lindauer as Legal Counsel
------------------------------------------------------------
Kingdom Real Estate Holdings & Wealth Management LLC seeks approval
from the U.S. Bankruptcy Court for the Northern District of Texas
to hire legal counsel.

The Debtor proposes to hire Joyce W. Lindauer Attorney, PLLC 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:

     Joyce Lindauer           $350
     Sarah Cox                $195
     Jamie Kirk               $195
     Jeffery Veteto           $185
     Dian Gwinnup             $105

Joyce Lindauer, Esq., disclosed in a court filing that she and each
member of her firm are "disinterested persons" as defined in
section 101(14) of the Bankruptcy Code.

The firm can be reached through:

     Joyce W. Lindauer, Esq.
     Sarah M. Cox, Esq.
     Jamie N. Kirk, Esq.
     Jeffery M. Veteto, Esq.
     Joyce W. Lindauer Attorney, PLLC
     12720 Hillcrest Road, Suite 625
     Dallas, TX 75230
     Tel: (972) 503-4033
     Fax: (972) 503-4034

               About Kingdom Real Estate Holdings

Kingdom Real Estate Holdings & Wealth Management, LLC sought
protection under Chapter 11 of the Bankruptcy Code (Bankr. N. D.
Texas Case No. 16-44990) on December 30, 2016.  The petition was
signed by John Aflatouni, managing member.

The case is assigned to Judge Russell F. Nelms.

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


KOKUA TECHNOLOGIES: Hires McDowell Posternock as Attorney
---------------------------------------------------------
Kokua Technologies LLC, seeks authorization from the U.S.
Bankruptcy Court for the District of New Jersey to McDowell
Posternock Apell & Detrick, PC as attorney for
Debtor-in-Possession.

The Debtor requires McDowell Posternock Apell & Detrick to:

     a. provide all required advice concerning operating as
Debtor-in-Possession; and

     b. assist in formulating and confirming Plan of
Reorganization.

McDowell Posternock lawyers who will work on the Debtor's case and
their hourly rates are:

     Ellen M. McDowell, Esq.     $400
     Carrie J. Boyle, Esq.       $300

Ellen M. McDowell, Esq., member of the law firm Posternock Apell &
Detrick, PC, assured the Court that the firm is a "disinterested
person" as the term is defined in Section 101(14) of the Bankruptcy
Code and does not represent any interest adverse to the Debtor and
its estates.

Posternock Apell & Detrick may be reached at:

      Ellen M. McDowell, Esq.
      Posternock Apell & Detrick, PC
      46 West Main Street
      Maple Shade, NJ  08052
      Tel:(856) 482-5544
      E-mail: emcdowell@mpadlaw.com

Kokua Technologies, LLC filed a Chapter 11 bankruptcy petition
(Bankr. D.N.J. Case No. 17-10002) on January 1, 2017, listing under
$1 million in both assets and liabilities.  Ellen M. McDowell,
Esq., at McDowell Posternock Appell & Detrick PC, serves as Chapter
11 counsel.


KOPPERS HOLDINGS: Moody's Affirms Ba3 CFR & Rates New Bonds B1
--------------------------------------------------------------
Moody's Investors Service affirmed Koppers Holdings Inc.'s Ba3
Corporate Family Rating ("CFR") and assigned a B1 rating to
Koppers, Inc.'s proposed $400 million Senior Notes due 2025.
Proceeds from the new unsecured notes are expected to refinance the
company's existing senior secured notes, reduce borrowings under
the senior secured credit facility, and pay transaction-related
fees and expenses. Moody's revised the rating outlook to stable
from negative, and upgraded the Speculative Grade Liquidity Rating
to SGL-2 from SGL-3.

Assignments:

Issuer: Koppers Inc.

Backed Senior Unsecured Regular Bond/Debenture, Assigned B1
(LGD5)

Affirmations:

Issuer: Koppers Inc.

  Backed Senior Secured Regular Bond/Debenture, Affirmed Ba3
  (LGD3) (Ratings to be withdrawn)

Outlook Actions:

Issuer: Koppers Inc.

Outlook, Changed To Stable From Negative

Affirmations:

Issuer: Koppers Holdings Inc.

Probability of Default Rating, Affirmed Ba3-PD

Corporate Family Rating, Affirmed Ba3

Upgrades:

Issuer: Koppers Holdings Inc.

Speculative Grade Liquidity Rating, Upgraded to SGL-2 from SGL-3

Outlook Actions:

Issuer: Koppers Holdings Inc.

Outlook, Changed To Stable From Negative

RATINGS RATIONALE

"Koppers weathered very difficult market conditions, significantly
restructured its operations, and adjusted financial policies to
protect its credit rating. The proposed refinancing improves
liquidity, extends debt maturities, and will enable the company to
increase capital spending to support earnings growth," said Ben
Nelson, Moody's Vice President and lead analyst for Koppers
Holdings, Inc.

The Ba3 CFR is constrained by a leveraged balance sheet, exposure
to cyclical end markets, volatile feedstock pricing, legal and
environmental risks, and high customer concentration. The rating is
supported by solid operational and geographic diversity, strong
market shares in certain businesses, lack of available substitutes
for some key products, good liquidity, and an evidenced public
commitment to financial policies supportive of the current ratings.
Moody's believes that credit metrics will improve modestly over the
next several quarters. Moody's estimates adjusted interest coverage
near 3.8 times (EBITDA/Interest) and adjusted financial leverage
near 4.2 times (Debt/EBITDA) on a pro forma basis for the twelve
months ended September 30, 2016. Moody's expects that modest
improvement in EBITDA from margin improvement initiatives in the
carbon materials and chemicals business, combined with a shifting
business mix toward the higher margin railroad and residential wood
treatment businesses. The rating incorporates expectations for
adjusted financial leverage to fall below 4 times in 2017 and
retained cash flow to debt to track north of 15% (RCF/Debt), which
would be considered very solid for the Ba3 CFR.

The B1 rating assigned to the proposed $400 million Senior Notes
due 2025 reflects effective subordination to meaningful secured
debt in the company's capital structure, including a proposed $300
million revolving credit facility and new $200 million term loan.
This rating also considers that a meaningful portion of the
company's assets are held by non-guarantor subsidiaries.

Moody's upgraded the short-term liquidity rating to reflect the
effective improvement in the company's liquidity position with
greater access to revolving credit and more cushion under financial
maintenance covenants. The SGL-2 indicates good liquidity to
support operations in the near-term, including about $200 million
of available liquidity on a pro forma basis for the proposed
transaction, including letters of credit. Koppers reported $18
million of cash on September 30, 2016 and has about $240-250
million of availability on its $300 million revolving credit
facility on a pro forma basis for the proposed transaction,
excluding letters of credit. Moody's expect that the company will
generate solid discretionary cash flow over the next several
quarters, but free cash flow generation likely will be modest due
to an increase in capital spending in 2017. The credit agreement
contains a secured net leverage ratio set at 3.0x for the life of
the agreement. Moody's expects that Koppers will maintain a
comfortable cushion of compliance under these covenants.

The stable outlook assumes that the company will maintain a good
liquidity position, generate retained cash flow to debt near 15%
(RCF/Debt), and adjusted financial leverage will fall below 4 times
(Debt/EBITDA) in 2017. Moody's is unlikely to consider a positve
action unitl the company has completed its operational
restructuring. Over the longer term, Moody's could upgrade the
company with expectations for adjusted financial leverage sustained
below 3 times, free cash flow to debt sustained above 10%
(FCF/Debt), maintenance of a good liquidity position, and a public
commitment to maintaing credit metrics at these levels. Moody's
could downgrade the rating with expectations for adjusted financial
leverage sustained above 4 times, retained cash flow to debt
sustained below 12%, or substantive deterioration in the company's
liquidity position.

The principal methodology used in these ratings was Global Chemical
Industry Rating Methodology published in December 2013.

Koppers is an integrated global provider of treated wood products,
wood treatment chemicals and carbon compounds. Their products and
services are used in a variety of niche applications in a diverse
range of end-markets, including the railroad, specialty chemical,
utility, residential lumber, agriculture, aluminum, steel, rubber,
and construction industries. Headquartered in Pittsburgh, Pa., the
company generated $1.4 billion of revenue for the twelve months
ended September 30, 2016.


KOPPERS INC: S&P Raises CCR to 'B+' on Expected Loan Refinancing
----------------------------------------------------------------
S&P Global Ratings raised its corporate credit rating on
Pittsburgh-based Koppers Inc. and Koppers Holdings Inc. to 'B+'
from 'B'.  The outlook is stable.

At the same time, S&P assigned its 'B+' issue-level ratings (same
as the corporate credit rating) and '4' recovery rating to the
company's proposed $400 million unsecured notes.  The '4' recovery
rating indicates S&P's expectation of average (higher end of the
30%-50% range) recovery in the event of a payment default.  S&P
also raised its issue-level ratings on the company's existing
senior secured debt, including its $300 million senior secured
revolving credit facility, $300 million term loan A, and
$300 million ratably secured notes due 2019, to 'BB-' from 'B+'.
The recovery rating remains '2', indicating S&P's expectations of
substantial (higher end of the 70% to 90% range) recovery in the
event of a payment default.

S&P expects that Koppers will repay the $300 million senior secured
revolving credit facility, $300 million term loan A, and $300
million ratably secured notes due in 2019 as part of this notes
issue coupled with the current bank negotiations to replace and
extend its existing revolving credit facility and term loan. Once
this transaction closes and the company repays the above issues,
S&P will withdraw the issue-level ratings on the senior secured
tranches.

"The upgrade reflects our expectation that the company will close
its proposed unsecured notes and refinance its existing senior
secured revolving credit facility and term loan," said S&P Global
Ratings credit analyst Mark Tarnecki.

S&P expects that as part of these transactions the company will
redraw covenants (which are currently tight) and that they will be
set at a level that allows the company to maintain ample cushion.
As a result, S&P has revised its assessment of the company's
liquidity position to adequate from less than adequate.

The stable outlook reflects S&P's belief that the relatively steady
earnings generated by the performance chemicals and railroad and
utility products and services segments will impart stability to the
company's operating results.  S&P's base case projects that
stability in these two segments should help offset the more
volatile CM&C segment, which S&P expects the company to continue to
de-emphasize.  S&P anticipates that over the next year the company
will focus on using free cash flow to invest in the business and
modestly reduce debt.  S&P expects Koppers to maintain liquidity at
a level it would consider adequate, with sufficient cushion under
its covenants.  At the current rating, S&P would expect the company
to maintain credit measures at the lower end of the aggressive
financial risk profile, including weighted average FFO to debt of
12% to 15%.

S&P could lower the ratings in the next 12 months if the proposed
transaction fails to close and liquidity is re-assessed at less
than adequate.  S&P could consider a downgrade if it expects FFO to
debt to drop and remain below 12% on a weighted-average basis.

S&P could raise the ratings in the next 12 months if it anticipates
that the company could maintain FFO to debt in the higher end of
the aggressive band, at consistently above 15% on a sustainable
basis.  This could be a result of improved EBITDA above S&P's
current expectations combined with greater than expected debt
repayment.


LA PALOMA GENERATING: Hires O'Melveny & Myers as Attorneys
----------------------------------------------------------
La Paloma Generating Company, LLC, and its debtor-affiliates seek
permission from the U.S. Bankruptcy Court for the District of
Delaware to employ O'Melveny & Myers LLP as attorneys for the
Debtors, nunc pro tunc to the Petition Date.

The Debtors require O'Melveny to:

      a. advise the Debtors of their rights, powers, and duties as
debtors and debtors in possession in the management and operation
of their business;

      b. prepare on behalf of the Debtors all necessary and
appropriate applications, motions, draft orders, other pleadings,
notices, schedules, and other documents, and review all financial
and other reports to be filed in the Debtors' chapter 11 cases;

      c. advise the Debtors on, and preparing responses to,
applications, motions, other pleadings, notices, and other papers
that may be filed and served in the Debtors' chapter 11 cases;

      d. advise the Debtors on actions that they might take to
collect and recover property for the benefit of their estates;

      e. advise the Debtors on executory contracts and unexpired
lease assumptions, assignments, and rejections;

      f. assist the Debtors in reviewing, estimating, and resolving
any claims asserted against their estates;

      g. advise the Debtors in connection with potential sales of
assets;

      h. commence and conduct litigation necessary or appropriate
to assert rights held by the Debtors, protect assets of their
estates, or otherwise further the goals of the Debtors'
restructuring;

      i. assist the Debtors in obtaining the Court's approval of
the Debtors' use of cash collateral and/or postpetition financing;

      j. attend meetings and represent the Debtors in negotiations
with representatives of creditors and other parties in interest;

      k. advise the Debtors on tax matters;

      l. advise and assist the Debtors in connection with the
preparation, solicitation, confirmation, and consummation of a
chapter 11 plan; and

      m. perform other necessary legal services in connection with
the Debtors chapter 11 cases.

OMM will be paid at these hourly rates:

      Partners                 $865-$1,350
      Attorneys/Counsel        $485-$855
      Legal Assistants         $175-$350

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

John J. Rapisardi, Esq., senior partner and co-chair of the
Restructuring Practice of O'Melveny & Myers LLP, assured the Court
that the firm is a "disinterested person" as the term is defined in
Section 101(14) of the Bankruptcy Code and does not represent any
interest adverse to the Debtors and their estates.

Shortly prior to filing this Application, the Debtors filed
applications to retain (i) Richards, Layton & Finger, P.A., as
Delaware co-counsel to the Debtors; (ii) Epiq Bankruptcy Solutions,
LLC, as administrative agent to the Debtors; (iii) Jefferies LLC,
as investment banker to the Debtors; (iv) Alvarez and Marsal North
America, LLC, as financial advisor to the Debtors; and (v) Curtis,
Mallet-Prevost, Colt & Mosle LLP, as special conflicts counsel to
the Debtors.

OMM may be reached at:

      John J. Rapisardi, Esq.
      O'Melveny & Myers LLP
      Times Square Tower
      7 Times Square
      New York, NY 10036
      Tel: +1-212-326-2063
      E-mail: jrapisardi@omm.com

              About La Paloma Generating Company

La Paloma Generating Company, LLC owns a 1,022 MW
natural
gas-fired, combined cycle generating facility consisting
of four identical power blocks, located on an approximately
400-acre site in McKittrick, California.  The Facility commenced
operation in March 2003 and operates as a merchant facility selling
capacity and power into the California Independent System Operator
market. CEP La Paloma Operating Company, LLC is the manager of La
Paloma and its direct parent and sole member, La Paloma Acquisition
Co, LLC.

La Paloma Generating Company, LLC and two affiliates -- La Paloma
Acquisition Co, LLC and CEP La Paloma Operating Company, LLC --
sought Chapter 11 bankruptcy protection (Bankr. D. Del. Case Nos.
16-12700 to 16-12702) on December 6, 2016, to facilitate the
orderly wind-down of their business operations.  The petitions
were signed by Niranjan Ravindran, authorized person.  The case
is assigned to Judge Christopher S. Sontchi.  At the time of
filing, the Debtors had $100 million to $500 million in estimated
assets and $500 million to $1 billion in estimated
liabilities.



The Debtors' General Counsels are John J. Rapisardi, Esq.
and
George A. Davis, Esq. at O'Melveny & Myers LLP; their
Local
Counsels are Mark D. Collins, Esq., Andrew Dean, Esq., and
Jason M. Madron, Esq. at Richards, Layton & Finger, P.A.; and their
Conflicts Counsel is Curtis, Mallet-Prevost, Colt & Mosle LLP.

Jefferies LLC serves as the Debtors' Financial Advisor
and
Investment Banker.  The Debtors retained Epiq Bankruptcy
Solutions as their Claims/Noticing Agent.


LINN ENERGY: Has Until April 16 to File Chapter 11 Plan
-------------------------------------------------------
Judge David R. Jones of the U.S. Bankruptcy Court for the Southern
District of Texas extended Linn Energy, LLC, et al.'s exclusive
periods for filing a chapter 11 plan and soliciting acceptances to
the plan, through April 16, 2017 and June 15, 2017, respectively.

The Debtors previously sought the extension of their exclusive
periods, relating that all throughout their chapter 11 cases, they
had dedicated considerable time in developing a strategy that would
maximize value for all stakeholders and bring their cases to a
successful conclusion.  The Debtors further related that their
efforts had borne fruit and, after filing an initial plan of
reorganization, the Debtors had filed proposed amended plans of
reorganization for the LINN Debtors and the Berry Debtors that were
supported by all of the Debtors' major creditor constituencies.

The Debtors told that Court that after having received approval of
the adequacy of information contained in the disclosure statement
supporting the Amended LINN Plan on December 13, 2016, solicitation
on the Amended LINN Plan was underway.  The Debtors further told
the Court that the the Amended Berry Plan was approved on December
21, 2016, and that solicitation on the Amended Berry Plan would
start soon.  A hearing on the confirmation of the Amended LINN Plan
and the Amended Berry Plan is set for January 24, 2017.

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

The Debtors said that they were requesting the additional 120-day
extension of the exclusive periods out of an abundance of caution,
to ensure that they would have sufficient time to consummate the
Amended LINN Plan and the Amended Berry Plan, and achieve the
successful conclusion of the cases.
  
            About Linn Energy, LLC.

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

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

Judge David R. Jones presides over the cases.

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



LODGE PARTNERS: Unsecureds May Recoup 75% Under Plan
----------------------------------------------------
Lodge Partners, LLC, filed with the U.S. Bankruptcy Court for the
District of Arizona a disclosure statement in support of the
Debtor's plan of reorganization dated Jan. 11, 2017.

Class 9 General Unsecured Claims are impaired under the Plan.  The
unsecured claims of non-insiders of the Debtor total $213,433.
Live in Tucson, L.L.C., a company with similar ownership to Lodge
in Tucson, is willing to acquire claims held by trade creditors
that anticipate providing goods or services post-confirmation.

In the event that the holder of the Class 4 Class 4 – Secured
Claim of Palatine Tucson, L.L.C., claim elects Option B treatment
under Section 1111(b) or under Option C treatment for a cash
discount, the Class 9 allowed claims will receive 75% of their
claim on the Effective Date, with the balance paid in full before
the 6th anniversary of the Effective Date.  In the event that the
holder of the Class 4 claim elects Option A, the Debtor will fund a
Fund for unsecured/undersecured creditors, in which the holder of
allowed claims will share pro rata.  The Fund will receive a
minimum of $50,000 per year for four years or additional monies
representing after-tax profits generated by the Debtor.

Class 4's Option A allows the holder to receive a replacement lien
on the Debtor's property to the extent and validity as existed
pre-petition.  The Palatine secured claim will be valued at an
amount agreed to by the parties, or as determined by the Court,
starting on the Effective Date the Debtor will make monthly
payments of principal and interest of the secured claim amortized
over 20 years at 5% or other rate the parties will agree or agree
the rate the Court determines as market.  On the fifth anniversary
of the Effective Date the Debtor will satisfy in full the secured
claim and pay additional $500,000.  Additionally, the Debtor will
fund an account for capital improvements and to pay for any plan
shortfalls in the amount of $500,000 on the Effective Date.  The
Debtor will record a covenant that runs with the land that prevents
the Debtor from filing bankruptcy without the consent of Palatine.
Palatine's undersecured claim will be treated consistently with
other unsecured creditors.  

Class 4's Option B (Section 1111(b) Treatment) lets Palatine
receive a replacement lien on the Debtor's property to the extent
and validity as existed pre-petition.  Palatine will receive a
stream of payments equal to the claim and having a value as of the
effective date that is not less than the value of Palatine's
interest in the estate's interest in the property.  Additionally,
the Debtor will fund an account for capital improvements and to pay
for any plan shortfalls in the amount of $500,000 on the Effective
Date.  The Debtor will record a covenant that runs with the land
that prevents the Debtor from filing bankruptcy without the consent
of Palatine.  In no event will this treatment be less than the
internal rate of return for Palatine had the Debtor performed under
the first confirmed Plan.  

For Option C (Cash Discount Treatment), Palatine will receive a
replacement lien on the Debtor's property to the extent and
validity as existed pre-petition.  The Palatine secured claim will
be valued at an amount agreed to by the parties, or as determined
by the Court, starting on the Effective Date the Debtor will make
interest only payments for eighteen months.  At the end of the
eighteenth month, the Debtor will pay Palatine 80% of its secured
claim in full satisfaction of all of Palatine's claims against the
Debtor.   

Monetary funding of the Plan will come from exit financing and the
post-petition operation of the Debtor.  The Plan pays all creditors
from these sources of funds.  The reorganized Debtor will continue
to operate its hotel and restaurant.

The Debtor's business operations post-petition will be funded by
Live in Tucson.  The Debtor has sought court approval to obtain
financing from LIT to maintain Debtor's operations and to preserve
its going concern during the pending of the bankruptcy.  Additional
funding necessary to make Effective Date payments will be funded by
Live in Tucson estimated currently to be more than $1 million as
new value to the Reorganized Debtor.

The Disclosure Statement is available at:

           http://bankrupt.com/misc/azb16-13418-107.pdf

                       About Lodge Partners

Lodge Partners, LLC, dba Lodge on The Desert, is a 103-room
boutique hotel and restaurant with a banquet facility that sits on
five acres on which the business operates in central Tucson,
Arizona.  It was initially built as a residence in 1931 and was
converted to a 7-room resort hotel in 1936.  The Lodge expanded
throughout the years; and by 1973, there were 34 guest rooms.

The Debtor filed a Chapter 11 petition (Bankr. D. Ariz. Case No.
16-13418) on Nov. 23, 2016.  The petition was signed by John E.
Rutherford, II, manager.  The case is assigned to Judge Brenda
Moody Whinery.  The Debtor is represented by Michael W. McGrath,
Esq. and Isaac D. Rothschild, Esq., of Mesch Clark & Rothschild,
PC.  At the time of filing, the Debtor had estimated $10 million to
$50 million in both assets and liabilities.

The Debtor previously filed for Chapter 11 bankruptcy (Bankr. D.
Ariz. Case No. 13-07952) on May 12, 2013.  The Court entered an
order confirming the Debtor's 2013 Reorganization Plan on June 11,
2014, over the objection of secured lender, Wells Fargo.  The Court
entered an order granting final decree and closing the case on Nov.
29, 2015.


MAGNACHIP SEMICONDUCTOR: $75MM Notes No Impact on Moody's Caa1 Rtg
------------------------------------------------------------------
Moody's Investors Service says that the offering of $75 million in
exchangeable senior notes by MagnaChip Semiconductor S.A.
(unrated), a fully-owned subsidiary of MagnaChip Semiconductor
Corporation, does not affect the latter's Caa1 corporate family
rating and senior unsecured bond rating. The rating outlook remains
stable.

"The offering will improve the company's liquidity and more
importantly enable it to streamline its operations and invest in
capex, and thereby help improve its business profile and financial
performance over the next 1-2 years," says Gloria Tsuen, a Moody's
Vice President and Senior Analyst.

Proceeds from the offering will be used for a cost reduction
program to be implemented in 1H 2017 (approximately $30-$40
million), capital expenditures (approximately $15-20 million),
share buyback (up to $15 million), and for general corporate
purposes.

The cost reduction program, which has an expected payback period of
approximately 1.5 years, will be two to three times larger than a
similar initiative in 2016. MagnaChip estimates that the previous
program will generate approximately $8 million in annual savings.
Moody's expects the new program to generate higher annual savings
commensurate with its larger scale.

The new funding for capex and general working capital will also
help MagnaChip maintain solid liquidity beyond the next 12-18
months. The company had $75 million in cash as of end-September
2016. Although it has adequate liquidity for 2017, the offering
will provide an additional financial buffer, which is important in
view of the negative operating cash flows of the past five years.

The exchangeable notes will be due 2021 and bear interest at a rate
of 5.0% per annum. Initial purchasers also have a 30-day option to
buy up to an additional $11.25 million principal amount of the
notes.

"However, the offering will also increase MagnaChip's total debt
and heighten subordination risk for the holders of the existing
USD225 million bonds," adds Tsuen.

The notes will be issued by MagnaChip Semiconductor S.A., which is
closer to the operating subsidiaries than MagnaChip Semiconductor
Corporation. As such, holders of MagnaChip Semiconductor
Corporation's existing $225 million bonds will be subject to
increased structural subordination.

The offering will also increase MagnaChip's total debt to around
$300 million from the existing $221 million, and its annual
interest expense to around $20 million from the current $16
million.

However, in Moody's view this concern is offset by an expected
improvement in MagnaChip's business sustainability and liquidity as
a result of the offering.

MagnaChip has pre-announced its preliminary 4Q 2016 financial
results, with revenue at and gross margins above the top end of
management's prior expectations. The company's adjusted EBITDA in
4Q 2016 is estimated to be higher than the level in 3Q 2016,
improving for a fourth consecutive quarter.

The results benefited from an improved product mix and continued
solid momentum in the AMOLED product line. These developments
indicate that the company is still on track with its business
turnaround.

Moody's expects MagnaChip will continue to narrow its operating
loss to around $30 million in 2016 and 2017, down from a loss of
$43 million in 2015.

MagnaChip Semiconductor Corporation is a Korea-based designer and
manufacturer of analog and mixed-signal semiconductor products for
consumer, communication, industrial and computing applications.


MALIBU LIGHTING: Plan Filing Period Extended to Feb. 21
-------------------------------------------------------
Judge Kevin Gross of the U.S Bankruptcy Court for the District of
Delaware extended Malibu Lighting Corporation and its affiliated
Debtors' exclusive periods for filing a chapter 11 plan and
soliciting acceptances to the plan through February 21, 2017 and
April 19, 2017, respectively.

Absent the extension, the Debtors' exclusive plan filing period
would have expired on January 4, 2017.  The Debtors' exclusive
solicitation period was set to expire on March 5, 2017.

The Debtors previously sought the extension of their exclusive plan
filing period to April 8, 2017, and their exclusive solicitation
period to June 8, 2017.  

The Debtors related that during the pendency of their chapter 11
cases, they completed and closed multiple sales concerning their
respective assets, resulting in the sale, either on a going concern
basis or through liquidation, of substantially all of the Debtors'
assets.

The Debtors further related that the Court set February 8, 2016, as
the deadline for filing proofs of claim for claims arising prior to
the Petition Date.

The Debtors contended that they have filed multiple omnibus
objections to over 75 proofs of claim totaling approximately $4.5
million.  The Debtors further contended that as a result of these
objections, over 400 scheduled and filed claims totaling over $15
million had been expunged from the official claims register
pursuant to orders entered by the Court.  The Debtors added that
they had filed individual objections to several priority tax claims
by State taxing authorities that had been sustained by orders
entered by the Court.

The Debtors told the Court that they had diligently administered
their cases by, among other things, expeditiously concluding and
closing the asset sales and reconciling and successfully
prosecuting multiple objections to claims.  The Debtors further
told the Court that they are preparing a draft disclosure statement
and related plan and are in discussions with the Official Committee
of Unsecured Creditors and other non-debtor parties over the
structure of a potential chapter 11 plan that would conclude the
chapter 11 cases.  The Debtors said that they need additional time
to advance and conclude the discussions, and then propose a
consensual chapter 11 plan that would have the support of the major
economic constituencies.

             About Malibu Lighting Corporation

Malibu Lighting Corporation, Outdoor Direct Corporation, National
Consumer Outdoors Corporation, Beam Corporation, Smoke 'N Pit
Corporation, Treasure Sensor Corporation and Stubbs Collections
Inc. filed Chapter 11 bankruptcy petitions (Bankr. D. Del. Lead
Case No. 15-12080) on Oct. 8, 2015.  The petition was signed by
David M. Baker as chief restructuring officer.  Judge Kevin Gross
is assigned to the case.

MLC was a manufacturer and supplier of outdoor and landscape
lighting products, such as solar and low voltage lights and home
security lights, including the parts and accessories associated
with these products.

ODC was a manufacturer and supplier of a variety of consumer goods,
including (a) outdoor cooking products, such as outdoor gas grills,
charcoal grills, smokers and fryers, (b) hand held lighting
products, like flashlights and spotlights, (c) landscape lighting
products, and (d) parts and accessories associated with the
foregoing products.

MLC and ODC are  winding down operations as a result of the
termination of a business relationship with principal customer,
Home Depot.

NCOC is a manufacturer and supplier of both branded and private
label pet bedding and pet accessory products.  NCOC manufactures
beds, accessories, and deodorizers for dogs as well as beds,
scratching posts, and toys for cats.  In addition, NCOC markets and
sells boat covers manufactured primarily from Chinese suppliers.
Malibu estimated assets and liabilities of $10 million to $50
million in its bankruptcy petition.

The Debtors have engaged Michael Seidl, Esq., Jeffrey N. Pomerantz,
Esq., and Maxim B. Litvak, Esq., at Pachulski Stang Ziehl & Jones
LLP as counsel, Piper Jaffray Co. as investment banker, and
Kurtzman Carson Consultants as claims and noticing agent.

On Oct. 20, 2015, an official committee of unsecured creditors was
appointed by the Office of the United States Trustee.  The
Committee has retained Lowenstein Sandler LLP as its counsel, Blank
Rome LLP as its Delaware co-counsel and BDO USA, LLP, as its
financial advisors.

No request has been made for the appointment of a trustee or an
examiner in these cases.


MALL AT THE SOURCE: Moody's Sees "Significant Loss" to $124MM Loan
------------------------------------------------------------------
Moody's Investors Service has affirmed the ratings on four classes
and downgraded the rating on one class in Commercial Mortgage Asset
Trust, Commercial Mortgage Pass-Through Certificates, series
1999-C1 as follows:

Cl. E, Affirmed B1 (sf); previously on Feb 11, 2016 Affirmed B1
(sf)

Cl. F, Downgraded to C (sf); previously on Feb 11, 2016 Affirmed Ca
(sf)

Cl. G, Affirmed C (sf); previously on Feb 11, 2016 Affirmed C (sf)

Cl. H, Affirmed C (sf); previously on Feb 11, 2016 Affirmed C (sf)

Cl. X, Affirmed Caa3 (sf); previously on Feb 11, 2016 Affirmed Caa3
(sf)

RATINGS RATIONALE

The ratings on three P&I classes, Classes E, G and H, were affirmed
because the ratings are consistent with Moody's expected loss.

The rating on on Class F was downgraded due to higher realized and
anticipated losses from specially serviced loans.

The rating on the IO Class, Class X, was affirmed based on the
credit performance of its referenced classes.

Moody's rating action reflects a base expected loss of 81.7% of the
current balance, compared to 76.7% at Moody's last review. Moody's
base expected loss plus realized losses is now 10.9% of the
original pooled balance, compared to 10.7% at the last review.
Moody's provides a current list of base expected losses for conduit
and fusion CMBS transactions on moodys.com at:

http://www.moodys.com/viewresearchdoc.aspx?docid=PBS_SF215255.

FACTORS THAT WOULD LEAD TO AN UPGRADE OR DOWNGRADE OF THE RATINGS:

The performance expectations for a given variable indicate Moody's
forward-looking view of the likely range of performance over the
medium term. Performance that falls outside the given range can
indicate that the collateral's credit quality is stronger or weaker
than Moody's had previously expected.

Factors that could lead to an upgrade of the ratings include a
significant amount of loan paydowns or amortization, an increase in
the pool's share of defeasance or an improvement in pool
performance.

Factors that could lead to a downgrade of the ratings include a
decline in the performance of the pool, loan concentration, an
increase in realized and expected losses from specially serviced
and troubled loans or interest shortfalls.

METHODOLOGY UNDERLYING THE RATING ACTION

The principal methodologies used in these ratings were "Moody's
Approach to Rating Large Loan and Single Asset/Single Borrower
CMBS" published in October 2015, and "Moody's Approach to Rating
Credit Tenant Lease and Comparable Lease Financings" published in
October 2016.

DESCRIPTION OF MODELS USED

Moody's analysis used the excel-based Large Loan Model. The large
loan model derives credit enhancement levels based on an
aggregation of adjusted loan-level proceeds derived from Moody's
loan-level LTV ratios. Major adjustments to determining proceeds
include leverage, loan structure and property type. Moody's also
further adjusts these aggregated proceeds for any pooling benefits
associated with loan level diversity and other concentrations and
correlations.

In evaluating the Credit Tenant Lease (CTL) component, Moody's used
a Gaussian copula model, incorporated in its public CDO rating
model CDOROM to generate a portfolio loss distribution to assess
the ratings.

DEAL PERFORMANCE

As of the December 19, 2016 distribution date, the transaction's
aggregate certificate balance has decreased by 94% to $150.2
million from $2.37 billion at securitization. The certificates are
collateralized by 13 mortgage loans ranging in size from less than
1% to 82.6% of the pool. The CTL component of the pool includes
eight loans, representing 5.3% of the pool. One loan, constituting
10.8% of the pool, has defeased and is secured by US government
securities.

One loan, constituting less than 1% of the pool, is on the master
servicer's watchlist. The watchlist includes loans that meet
certain portfolio review guidelines established as part of the CRE
Finance Council (CREFC) monthly reporting package. As part of
Moody's ongoing monitoring of a transaction, the agency reviews the
watchlist to assess which loans have material issues that could
affect performance.

Thirty-one loans have been liquidated from the pool, resulting in
an aggregate realized loss of $135.8 million (for an average loss
severity of 44%). One loan, constituting 82.6% of the pool, is
currently in special servicing. The Source Loan ($124 million), is
secured by a 521,000 square foot (SF) regional mall located in
Westbury, New York. The center, located on Long Island and known as
"The Mall at The Source", was formerly anchored by Fortunoff. As
was reported at prior Moody's reviews, the departure of the anchor
and unfavorable economic conditions have precipitated the departure
of other major retailers at the mall. Two of the largest tenants,
Saks Fifth Avenue Off 5th and Nordstrom Rack, also vacated the
property and opened stores at a nearby power center. The loan
transferred to special servicing in January 2009 for imminent
default. The loan became Real Estate Owned (REO) when title to the
property was obtained in August 2012. The remittance statement
reports a $98.9 million appraisal reduction. Moody's anticipates a
significant loss to this loan.

The pool contains two non-CTL and non-defeased performing loans,
representing 1.3% of the pool. Both loans have a Moody's LTV of
less than 40%.

The CTL component consists of eight loans, constituting 5.3% of the
pool, secured by properties leased to two tenants. The two CTL
exposures are R.R. Donnelley & Sons Company (3.5% of the pool) and
Dairy Mart Convenience Stores, Inc. (1.8% of the pool).


MEMORIAL PRODUCTION: Case Summary & 30 Largest Unsecured Creditors
------------------------------------------------------------------
Debtor affiliates filing separate Chapter 11 bankruptcy petitions:

     Debtor                                       Case No.
     ------                                       --------
     Memorial Production Finance Corporation      17-30248
     500 Dallas Street, Suite 1600
     Houston, TX 77002

     San Pedro Bay Pipeline Company               17-30249
     Rise Energy Beta, LLC                        17-30250
     Rise Energy Minerals, LLC                    17-30251
     Rise Energy Operating, LLC                   17-30252
     Beta Operating Company, LLC                  17-30253
     Columbus Energy, LLC                         17-30254
     WHT Carthage LLC                             17-30255
     WHT Energy Partners LLC                      17-30256
     Memorial Energy Services LLC                 17-30257
     Memorial Midstream LLC                       17-30258
     Memorial Production Operating LLC            17-30259
     MEMP Services LLC                            17-30260
     Memorial Production Partners GP LLC          17-30261
     Memorial Production Partners LP              17-30262

Type of Business: Engaged in the acquisition, development,
                  exploitation, and production of oil and natural
                  gas properties

Chapter 11 Petition Date: January 16, 2017

Court: United States Bankruptcy Court
       Southern District of Texas (Houston)

Judge: Hon. Jeff Bohm

Debtors' Counsel: Alfredo R. Perez, Esq.
                  WEIL, GOTSHAL & MANGES LLP
                  700 Louisiana Street, Suite 1700
                  Houston, Texas 77002
                  Tel: (713) 546-5000
                  Fax: (713) 224-9511
                  E-mail: alfredo.perez@weil.com


                     - and -

                  Gary T. Holtzer, Esq.
                  Joseph H. Smolinsky, Esq.
                  WEIL, GOTSHAL & MANGES LLP
                  767 Fifth Avenue
                  New York, New York 10153
                  Tel: (212) 310-8000
                  Fax: (212) 310-8007
                  E-mail: gary.holtzer@weil.com
                         joseph.smolinsky@weil.com

Debtors'
Financial
Advisor:          PERELLA WEINBERG PARTNERS LP
                  767 Fifth Avenue
                  New York, NY 10153

Debtors'
Restructuring
Advisor:          ALIXPARTNERS, LLP
                  909 Third Avenue
                  New York, NY 10022

Debtors'
Claims,
Noticing
& Solicitation
Agent:            RUST CONSULTING/OMNI BANKRUPTCY
                  1120 Avenue of the Americas
                  4th Floor, New York NY 10036

Estimated Assets: $1 billion to $10 billion

Estimated Debts: $1 billion to $10 billion

The petitions were signed by Robert L. Stillwell, Jr., chief
financial officer.

Debtors' List of 30 Largest Unsecured Creditors:

   Entity                          Nature of Claim   Claim Amount
   ------                          ---------------   ------------
Wilmington Trust NA                    MEMP Notes    $681,635,975
15950 N Dallas Pkwy, Suite 550
Dallas, TX 75248

Attn: Steve Cimalore
Tel: 302-636-6058
Email: Scimalore@wilmingtontrust.com

Attn: Stacey Woodall
Tel: 972-383-3151
Email: swoodall@wilmingtontrust.com

Wilmington Trust NA                     MEMP Notes   $479,616,241
15950 N Dallas Pkwy
Ste. 550
Dallas, TX 75248

Attn: Steve Cimalore
Tel: 302-636-6058
Email: Scimalore@wilmingtontrust.com

Attn: Stacey Woodall
Tel: 972-383-3151
Email: swoodall@wilmingtontrust.com

Panola County TAC                       Trade Payable     $577,746
110 S. Sycamore, Room 211
Carthage, TX
75633
Attn: Debbie Crawford
Tel: (903) 693-0340
Email: debbie.crawford@co.panola.tx.us

Hoerbiger Service Inc.                  Trade Payable     $506,951
1224 Paysphere Circle
Chicago, IL 60674

Attn: Michelle Quillivan
Tel: (307)-265-3244
Email: michelle.quillivan@hoerbiger.com

Attn: Kimberly Sinko
Tel: (307)-265-3244
Email: kimberly.sinko@hoerbiger.com

Murphy Exploration &                    Trade Payable     $500,941
Production Company
47-0910029 Treasury Department
PO Box 7000
El Dorado, AR 71731-7000
Attn: Juliana Long
Tel: (281) 675-0315
Email: Juliana_long@Murphyoilcorp.com

Align Joaquin Gathering LLC             Trade Payable     $365,820
2200 Ross Ave Ste 460DE
Dallas, TX 75201
Tel: 214-238-5835
Email: jake@alignmidstream.com

Advisian Inc.                           Trade Payable     $276,832
P.O. Box 462
Leominster, MA 01453
Attn: Sharon Quinn
Tel:(978)-798-1606
Email: Sharon.l.Quinn@Advisian.com

Polk County Assesor Collector           Trade Payable     $252,078
416 N Washington Livingston, TX
77351-2899
Attn: Leslie Jones Burks
Phone: 936-327-6801
Email: lesliejonesburks@hotmail.com

JP Power Company                       Trade Payable      $225,383
Email: Cmichele@Jwnergy.com


Fugro Pelagos Inc.                     Trade Payable      $222,165
Email: cpratt@fugro.com

Key Energy Services Inc.               Trade Payable      $177,734
Email: ahigdon@keyenergy.com

Irwin Industries Inc.                  Trade Payable      $171,139

Western Wireline Inc.                  Trade Payable      $162,045

Clariant Corporation                   Trade Payable      $159,171

Total Western Inc.                     Trade Payable      $157,771
Email: chris.pauly@twinmail.com

Axip Energy Services LP                Trade Payable      $156,239
Email: axipaccountsreceivable@axip.com

Archrock Partners LP                   Trade Payable      $144,441
Email: maria.camacho@exterran.com

Brand Scaffold Services Inc.           Trade Payable      $134,995
Email: daniel.delacruz@beis.com

Core Laboratories LP                   Trade Payable      $134,930
Email: jodi.bailey@corelab.com

SDS Petroleum Consultants              Trade Payable      $126,854
Email: kwilson@sdspetroleumconsultants.com

XTO Energy Inc.                        Trade Payable      $102,448
Email: richard_nacewski@xtoenergy.com
       xto-acctobo-manual-jib-sm@xtoenergy.com
       christine_brawner@xtoenergy.com

Halliburton Energy Services, Inc.      Trade Payable       $96,629
Email: david.huynh@halliburton.com

Markwest Energy Operating Co LLC       Trade Payable       $93,859
Email: dmalmberg@markwest.com

Baker Hughes                           Trade Payable       $92,705
Email: margaret.mayfield@bakerhughes.com

Piping Specialities Co. Inc.           Trade Payable       $90,403
Email: cerickson@psawyoming.com

Park Energy Services                   Trade Payable       $85,763
Email: ar@parkenergyservices.com

Jim Hogg County ISD                    Trade Payable       $84,853
Email: jhctac@hotmail.com

Xpress Oilfield Services LP            Trade Payable       $80,966
Email: xoslp@hotmail.com

Tiger Cased Hole Services Inc.         Trade Payable       $73,774
Email: deena.hassouneh@cjes.com

Costal Chemical Co LLC                 Trade Payable       $71,462


MEMORIAL PRODUCTION: Files Ch. 11 With Plan to Wipe Out $1.3B Debt
------------------------------------------------------------------
Memorial Production Partners LP and 14 of its subsidiaries
voluntarily filed petitions under Chapter 11 of the Bankruptcy Code
in the U.S. Bankruptcy Court for the Southern District of Texas,
Houston Division, after reaching agreements with their noteholders
and lenders on a financial restructuring that will eliminate $1.3
billion of debt from their balance sheet.

The cash-strapped energy company sought bankruptcy protection
citing the dramatic decline in the prices of crude oil and natural
gas.  Without the restructuring, the Company anticipates it would
almost certainly default under financial covenants in its RBL
Credit Agreement in the first quarter of 2017.

Operations and production are expected to continue as normal
throughout the Court-supervised financial restructuring process.

As a result of the collapse in commodity prices, total revenues
decreased to $358.1 million for the year ended Dec. 31, 2015,
representing a 36.7% drop in year-over-year revenues from 2014.
For the nine months ended Sept. 30, 2016, the Debtors' total
revenues were approximately $203.2 million, representing a 27.2%
decrease in year-over-year revenues from the same period in 2015,
as disclosed in Court papers.

As of the Petition Date, the Debtors had outstanding funded debt
obligations of $1.6 billion, which amount consists of (i)
approximately $455 million in secured borrowings under their RBL
Credit Facility and $2.4 million of outstanding letters of credit
and (ii) approximately $1.1 billion in aggregate principal amount
of unsecured notes.

The Debtors said they implemented operational cost-reduction
measures including the renegotiation of terms with service
providers, reduction in the size of their workforce, reduction in
lease operating costs, and reduction in capital spending and
development activity.

In the months leading up to the Petition Date, the Debtors also
attempted to address their mounting financial pressures through
certain transactions and used the proceeds of those transactions to
reduce their long-term debt.  These transactions included
decreased quarterly cash distributions to unitholders, divestiture
of certain non-core assets and monetization of a portion of their
portfolio of hedges.

In the face of their operational cost-reduction measures and
out-of-court restructuring efforts, the Debtors determined that,
with their current capital structure, they are unable to withstand
the ongoing and precipitous decline in commodity prices and the
corresponding decline in their revenues and cash flows.  Based on
current market conditions, the Debtors believe that a reduction in
their long-term debt and cash interest obligations is immediately
necessary to improve their financial position and flexibility.

Chief Financial Officer Robert L. Stillwell, Jr., said, "Despite
the best efforts of the Debtors and their senior management to
actively manage their capital structure to reduce their debt
obligations and increase liquidity, the significant and sustained
drop in oil prices and related decrease in the Debtors' revenues
and cash flows from operations caused significant uncertainty
regarding the viability of the Debtors' current leveraged capital
structure."

                      Plan Support Agreements

Following numerous discussions, the Debtors entered into plan
support agreements, dated as of Dec. 22, 2016, with the
overwhelming majority of their major creditor constituencies: 100%
of the RBL Credit Facility Lenders and members of the Ad Hoc Group
holding approximately 69% of the Debtors' Unsecured Notes.

The proposed joint plan of reorganization provides for, among other
things, an unsecured-debt-for-equity exchange and an amendment to
the Debtors' secured credit facility that together would
substantially deleverage the Debtors' balance sheet:

   * The Debtors' RBL Credit Facility would be amended such that
     the new borrowing base would permit the reorganized Debtors
     adequate liquidity.  The size of the RBL Credit Facility has
     already been reduced prepetition through the consensual
     liquidation of derivatives contracts and application of
     the proceeds to amounts outstanding under the RBL Credit
     Facility.  Certain Hedges, however, remain in place to
     provide commodity price protection to the reorganized
     Debtors during the next two years.  Under the RBL Plan
     Support Agreement, 100% of RBL Credit Facility Lenders agreed
     to elect the first-out tranche of the amended RBL Credit
     Facility.

   * The Debtors' Unsecured Notes would be cancelled, and the
     holders thereof would receive 98% of the equity in the
     corporation that will become the reorganized Debtors (subject
     to certain dilutive equity issuances specified in the
     Plan).

   * Holders of Beta Trust Claims would receive payment in full,
     either through a subordinated lien in the proceeds of a
     surety bond equal to 100% of their claims, or through
     unimpairment of their claims, at the election of the Debtors.

   * Holders of other general unsecured claims would be
     unimpaired.

   * Holders of equity interests in the Debtors would be
     cancelled, and holders of MEMP's limited partnership units
     would receive, on account of those units, 2% of the equity in
     the reorganized Debtors and five-year cashless warrants to
     acquire up to 8% of the New Common Shares at a per share
     exercise price equal to the principal and interest accrued on
     the Unsecured Notes as of Dec. 31, 2016, divided by the
     number of issued and outstanding New Common Shares, as
     determined in accordance in the Plan and subject to certain
     dilutive equity issuances specified in the Plan.

The Debtors said that their extensive negotiations with the RBL
Credit Facility Agent resulted in an agreement with the RBL Credit
Facility Agent and RBL Credit Facility Lenders to permit them
consensual use of cash collateral during the pendency of these
Chapter 11 cases, subject to the Court's approval.  According to
the Debtors, the arrangements represent a flexible, interim
solution to their near-term liquidity needs, preserving the status
quo while providing them with sufficient liquidity to fund their
business and to pursue and consummate a successful restructuring.

                         First Day Motions

To enable the Debtors to operate in Chapter 11 with minimal
disruption or loss of productivity and value, the Debtors have
filed first day motions seeking Court permission to, among other
things, use existing cash management system, pay employee wages and
benefits, pay prepetition taxes and prohibit utility companies from
discontinuing services.

                     About Memorial Production

Memorial Production Partners LP, et al., operate an energy business
focused on the acquisition, development, exploitation, and
production of oil and natural gas properties.

As of the Petition Date, the Debtors had leasehold working
interests in approximately 2,433 producing oil and gas wells and
owned interests in approximately 399,000 gross acres.  The Debtors
employ approximately 291 individuals.  The Debtors maintain
operational control over approximately 96% of their proved
reserves.

The Debtors have hired Weil, Gotshal & Manges LLP as counsel,
Perella Weinberg Partners LP as investment banker, Alixpartners,
LLP as restructuring advisor and Rust Consulting/Omni Bankruptcy as
claims, noticing and solicitation agent.

The Chapter 11 cases are assigned to Judge Jeff Bohm under the main
Case No. 17-30262.


MEMORIAL PRODUCTION: Has Plan Deal With Revolving Lenders
---------------------------------------------------------
Memorial Production Partners LP on Jan. 13, 2017, disclosed that it
has entered into a definitive Plan Support Agreement with lenders
holding 100% of the loans under its revolving credit facility,
which formalizes and contains substantially the same terms as the
previously announced agreement-in-principle with the agent under
its revolving credit facility and the Plan Support Agreement
entered into with certain noteholders.  The agreement includes the
terms of a financial restructuring plan that is expected to
eliminate more than $1.3 billion of debt from the Partnership's
balance sheet.   

As previously announced, MEMP entered into a Plan Support Agreement
with holders of 50.2% of the aggregate principal amount of the
Partnership's 7.625% senior notes due 2021 and the Partnership's
6.875% senior notes due 2022 (collectively, the "Notes").  As of
Jan. 13, the holders of approximately 67.6% of the aggregate
principal amount of the Notes have agreed to the terms of the Plan
Support Agreement with such noteholders.

As previously announced, to implement the terms of the Plan Support
Agreements and complete the deleveraging transaction proposed by
the agreements, MEMP expects to voluntarily file for reorganization
under Chapter 11 of the United States Bankruptcy Code.

MEMP's operations and production are expected to continue as normal
throughout the court-supervised financial restructuring process.
The Partnership intends to continue meeting its employee, customer
and vendor obligations in the normal course and will continue to
adhere to all applicable regulatory and environmental standards.

MEMP expects to file a Current Report on Form 8-K with the
Securities and Exchange Commission that will include the full terms
of the definitive Plan Support Agreement with the lenders.

Perella Weinberg Partners L.P. is serving as financial advisor to
MEMP and Weil, Gotshal & Manges LLP is serving as its legal
counsel.

Opportune LLP is serving as financial advisor to the agent under
the revolving credit facility, and Linklaters LLP is serving as the
agent's legal counsel.

                About Memorial Production Partners

Memorial Production Partners LP -- http://www.memorialpp.com/-- is
a publicly traded partnership engaged in the acquisition,
production and development of oil and natural gas properties in the
United States.  MEMP's properties consist of mature, legacy oil and
natural gas fields.  MEMP is headquartered in Houston, Texas.


MIAMI TEES: Fla. DOR to Get $17,876, Plus 4.5% Interest
-------------------------------------------------------
Miami Tees, Inc., filed with the U.S. Bankruptcy Court for the
Southern District of Florida a second amended disclosure statement
dated Jan. 11, 2017, referring to the Debtor's second plan of
reorganization, dated Jan. 11, 2017.

Class 2 (State of Florida - Department of Revenue) claim --
totaling $15,981.04 -- will get 20 quarterly payments of $983.80,
for a total of $17,876, with $1,895 interest paid at 4.5%, starting
on March 31, 2017, the Effective Date of the Plan.

Payments and distributions under the Plan will be funded in the
normal course of business from surplus cash flow generated by the
Debtor's post-petition operations.  The term of these payments are
five years (60 months) or less after the Effective Date of the
Plan.  The Debtor reserves the opportunity to accelerate or pre-pay
the plan payments under possible negotiations with the Debtor's
creditors; whether by convenience or other favorable financial
opportunity.

The Second Amended Disclosure Statement is available at:

         http://bankrupt.com/misc/flsb16-13346-109.pdf

The hearing at which the Court will determine whether to finally
approve this Disclosure Statement and confirm the Plan will take
place on Feb. 8, 2017, at 2:00 p.m.

As reported by the Troubled Company Reporter on Dec. 14, 2016, the
Debtor filed with Court a first amended disclosure statement
describing its first amended plan of reorganization, dated Dec. 1,
2016.  According to the First Amended Plan, treatment of Class 2
claims, composed of tax claims filed by the Miami-Dade County, the
IRS, and the State of Florida Department of Revenue, remains in
negotiations.  Proposed treatment includes extended monthly payment
plan; including principal and interest.

                    About Miami Tees

Miami Tees, Inc., was formed on Aug. 17, 1988, as a Florida
corporation. In its 28 years of operation, the Debtor achieved
significant brand success and revenues in the apparel industry,
primarily as a silk screen printer for casual wear and T-shirts.

The Debtor filed a Chapter 11 petition (Bankr. S.D. Fla. Case No.
16-13346) on March 9, 2016. The petition was signed by Michael J.
Chavez, president.

The Debtor is represented by William J. Maguire, Esq., at Maguire
Law Chartered. The case is assigned to Judge Jay A. Cristol.

The Debtor disclosed total assets of $1.86 million and total debt
of $1.42 million.


MICHAEL D. COHEN: Court Permits Cohens to File Plan by April 26
---------------------------------------------------------------
Judge David E. Rice of the U.S. Bankruptcy Court for the District
of Maryland authorized Michael David Cohen and Shari Lee Cohen, to
file their plan of reorganization by April 26, 2017 and obtain
acceptances thereto by June 22, 2017.

The Troubled Company Reporter had earlier reported that the Debtors
sought a 120-day extension of their exclusive plan filing and
solicitation periods, relating that in 2012, a complaint was filed
against the Debtors and Michael D. Cohen, M.D., P.A. in the Circuit
Court for Baltimore County, Case No. 03C12006975, and in May 2016,
after a jury trial, the court entered a judgment against the
Debtors and MDCPA for $1,275,000. Dr. Cohen is the sole shareholder
of MDCPA, and Mrs. Cohen is responsible for the business
administration of the MDCPA's medical practice.

The Debtors also related that when MDCPA sought for bankruptcy
protection, they had started seeking for a global resolution of
their respective Chapter 11 bankruptcy cases and their related
businesses.  As such, they needed additional time to effectively
negotiate and prepare adequate information necessary for a plan, as
they were still in the process of engaging their secured creditors
in both bankruptcy cases in discussions for a reorganization on
both fronts.

              About Michael D. Cohen, M.D., P.A.

Based in Maryland, Michael D. Cohen, M.D., P.A. d/b/a Cosmetic
Surgery Center of Maryland d/b/a Belcara Health, d/b/a Belcara, is
a professional corporation engaged in the business of providing
various physician services to its patients, including but not
limited to services in the areas of plastic surgery, dermatology,
and podiatry.  Michael D. Cohen, M.D., is the sole shareholder of
the Debtor.  Shari L. Cohen, Dr. Cohen's wife, is responsible for
the business administration of the Debtor's medical practice.

Michael D. Cohen, M.D. and his wife, Shari L. Cohen jointly filed a
joint Chapter 11 petition (Bankr. D. Md. Case No. 16-21513) on Aug.
26, 2016.

The Company filed a voluntary petition under Chapter 11 of the
Bankruptcy Code (Bankr. D. Md. Case No. 16-22231) on Sept. 12,
2016.  The Debtor estimated assets in the range of $100,000 to
$500,000 and liabilities in the range of $1 million to $10 million
as of the bankruptcy filing.  The Debtors cases are jointly
administered under (Bankr. D. Md. Case No. 16-22231).

The Company is represented by Irving Edward Walker, Esq., at Cole
Schotz P.C.

The Cohens are represented by Yumkas, Vidmar, Sweeney & Mulrenin,
LLC.


MIDWAY GOLD: Seeks Solicitation Exclusivity Thru Feb. 22
--------------------------------------------------------
BankruptcyData.com reported that Midway Gold filed with the U.S.
Bankruptcy Court a sixth motion to extend the exclusive period
during which the Company may solicit acceptances for its Chapter 11
plan through and including February 22, 2017. The motion explains,
"The Debtors have already complied with the Current Plan
Exclusivity Period by filing the Plan and Disclosure statement
prior to August 15, 2016. As a result of the Court's September 14,
2016 Minute Order and the October 13, 2016 Adversary Proceeding
Minute Order, the Debtors require an extension of the Current
Acceptance Exclusivity Period, which expires on January 15, 2017.
Now that substantially all of the Debtors' assets have been sold
and the Debtors have filed their Amended Plan and Disclosure
Statement, they are awaiting the Court's ruling in the Adversary
Proceeding, which will dictate the Debtors' next steps. As such,
Debtors require additional time to solicit acceptance of the
Amended Plan. An extension of the Current Acceptance Exclusivity
Period will not prejudice any creditor and is not being sought for
purposes of delay or for any other improper purpose."

                        About Midway Gold

Midway Gold Corp., incorporated on May 14, 1996 under the laws of
the Province of British Columbia, Canada, is engaged in the
acquisition, exploration and development of mineral properties
located in the state of Nevada and Washington.

Midway Gold operates primarily through its wholly-owned subsidiary
located in the United States, Midway Gold US Inc.  The executive
offices are in Englewood, Colorado.  Midway US currently has one
gold producing property: the Pan gold mine located in White Pine
County, Nevada.  Midway also has gold properties which are
exploratory stage projects where gold mineralization has been
identified, such as the Tonopah project in Nye County, Nevada, the
Gold Rock project in White Pine County, Nevada, and the Golden
Eagle project in Ferry County, Washington.  Out of these projects,
a permitting process has been undertaken only for the Gold Rock
project.  Finally, Midway's Spring Valley property, another gold
property located in Pershing County, Nevada, is subject to a joint
venture with Barrick Gold Exploration Inc.

On June 22, 2015, Midway Gold US Inc. and 12 related entities,
including parent Midway Gold Corp. each filed a petition in the
U.S. Bankruptcy Court for the District of Colorado seeking relief
under Chapter 11 of the U.S. Bankruptcy Code.  The Debtors' cases
have been assigned to Judge Michael E. Romero.

Judge Michael E. Romero directed the joint administration of the
cases under Case No. 15-16835.

The Debtors tapped Squire Patton Boggs (US) LLP as lead bankruptcy
counsel; Sender Wasserman Wadsworth, P.C., as special bankruptcy
and restructuring counsel; DLA Piper (Canada) LLP, as Canadian
bankruptcy counsel; Ernst & Young Inc., as information officer of
Canadian court; RBC Capital Markets, as investment banker; FTI
Consulting as financial advisor; and Epiq Solutions, as claims and
noticing agent.

Midway Gold Corp. disclosed $184 million in assets and $62.4
million in liabilities as of March 31, 2015.  Midway Gold US Inc.,
disclosed total assets of $2,461,673 and total liabilities of
$122,448,181 as of the Chapter 11 filing.

In July 2015, the U.S. Trustee overseeing the Debtors' cases
appointed seven creditors to serve on the official committee of
unsecured creditors.  The creditors are American Assay
Laboratories, EPC Services Company, InFaith Community Foundation,
Jacobs Engineering Group Inc., SRK Consulting (US) Inc., Sunbelt
Rentals, and Boart Longyear.  Gavin/Solmonese LLC serves as its
financial advisor.


NEW COUNTRY WIRELESS: Taps Todd & Weld as Special Counsel
---------------------------------------------------------
New Country Wireless, LLC seeks approval from the U.S. Bankruptcy
Court for the District of Massachusetts to hire Todd & Weld LLP as
its special counsel.

The firm will provide legal services in connection with the
prosecution of litigation by the Debtor against Amcomm Wireless,
Inc.

Nicholas Carter, Esq., and Alycia Kennedy, Esq., the attorneys
designated to represent the Debtor, will be paid $500 per hour and
$380 per hour, respectively.

Mr. Carter disclosed in a court filing that he and other members of
his firm do not hold or represent any interest adverse to the
Debtor's bankruptcy estate.

Todd & Weld can be reached through:

     Nicholas B. Carter, Esq.
     Todd & Weld LLP
     One Federal Street
     Boston, MA 02110
     Tel: 617.720.2626
     Fax: 617.227.5777
     Email: ncarter@toddweld.com

                    About New Country Wireless

New Country Wireless, LLC filed a Chapter 11 petition (Bankr. D.
Mass. Case No. 16-42199), on December 26, 2016.  The petition was
signed by Charbal M. Yousef, president, manager.  The case is
assigned to Judge Christopher J. Panos.  The Debtor is represented
by Jonathan Horne, Esq., at Murtha Cullina LLP.  At the time of
filing, the Debtor had estimated assets and liabilities at $1
million to $10 million each.


NORTHEAST ENERGY: Case Summary & 20 Largest Unsecured Creditors
---------------------------------------------------------------
Debtor: Northeast Energy Management, Inc.
        2018 South 6th Street
        Indiana, PA 12701

Case No.: 17-70032

Chapter 11 Petition Date: January 16, 2017

Court: United States Bankruptcy Court
       Western District of Pennsylvania (Johnstown)

Judge: Hon. Jeffery A. Deller

Debtor's Counsel: Michael J. Henny, Esq.
                  LAW OFFICES OF MICHAEL J. HENNY
                  Suite 2828 Gulf Tower
                  707 Grant Street
                  Pittsburgh, PA 15219
                  Tel: 412-261-2640
                  Fax: 412-391-0221
                  E-mail: m.henny@hennylaw.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Paul G. Ruddy, secretary.

A copy of the Debtor's list of 20 largest unsecured creditors is
available for free at http://bankrupt.com/misc/pawb17-70032.pdf


OLIVE MERGER: Moody's Hikes 2nd Lien Debt Rating to Caa1
--------------------------------------------------------
Moody's Investors Service affirmed Olive Merger Sub, Inc.'s B3
corporate family rating and upgraded its second lien debt to Caa1
from Caa2. Olive Merger Sub, Inc. is a new entity formed by private
equity group KKR to acquire Optiv, Inc. The upgrade incorporates
the shift of $50 million of debt from the second lien tranche to
the first lien tranche. The B2 first lien rating was affirmed after
the shift. Pricing on both tranches of debt is also reduced which
modestly improves the company's free cash flow prospects. The
ratings outlook remains stable.

RATINGS RATIONALE

The B3 corporate family rating reflects the very high leverage of
the company and modest free cash flow. Leverage pro forma for the
acquisition was approximately 8x as of the LTM period ended
September 30, 2016 (adjusted for certain one-time charges and pro
forma for certain cost cuts already completed) and pro forma free
cash flow to debt was 0% (revised for the improved interest rates),
both weak metrics for a low margin (approximately 6% of gross
revenue) value-added-reseller. Moody's expects the company to
achieve double digit revenue growth over the next several years
however, driven by strong security software industry trends and the
strength of the company's domestic coverage, distribution
capabilities and security service offerings. As a result of the
strong growth profile, the company has the potential to reduce
leverage to well under 7x and improve free cash flow to debt above
5% over the next eighteen months in the absence of additional debt
financed acquisitions. The ratings could be upgraded if the company
remains on track to achieve these results.

The ratings could be upgraded if the company maintains its double
digit growth profile and leverage falls well below 7x and free cash
flow to debt greater than 5%. The ratings could be downgraded if
leverage exceeds 8x or free cash flow is negative on other than a
temporary basis.

Liquidity is adequate based on an expected cash balance of $25
million at closing, an undrawn $100 million revolver and the
expectation of positive free cash flow over the next 12 to 18
months. The revolver is expected to be used on a regular basis to
fund working capital and consequently availability may weaken if
current growth rates continue.

Upgrades:

Issuer: Olive Merger Sub, Inc.

Senior Secured 2nd Lien Term Loan, Upgraded to Caa1(LGD5) from
Caa2 (LGD5)

Outlook Actions:

Issuer: Olive Merger Sub, Inc.

Outlook, Remains Stable

Affirmations:

Issuer: Olive Merger Sub, Inc.

Probability of Default Rating, Affirmed B3-PD

Corporate Family Rating, Affirmed B3

Senior Secured 1st Lien Term Loan, Affirmed B2 (LGD3)

The principal methodology used in these ratings was Business and
Consumer Service Industry published in October 2016.

Optiv, Inc. is a value-added-reseller of cyber security technology
and provider of cyber security services. The company headquartered
in Denver, CO, had gross revenues of over $2 billion for the twelve
months ended September 30, 2016.


ON-CALL STAFFING: Seeks to Hire J.E. Vance as Accountant
--------------------------------------------------------
On-Call Staffing, Inc. seeks approval from the U.S. Bankruptcy
Court for the Northern District of Mississippi to hire an
accountant.

The Debtor proposes to hire J.E. Vance & Company, P.A. to prepare
tax returns and provide bookkeeping services.  The hourly rates
charged by the firm are:

     James Vance               $200
     Dana Finch                $180
     Laura Spencer             $100
     Support Staff/Bookkeeper   $76

James Vance, a certified public accountant, disclosed in a court
filing that his firm does not hold any interest adverse to the
Debtor or its bankruptcy estate.

The firm can be reached through:

     James E. Vance
     J.E. Vance & Company, P.A.
     825 W Jefferson St.
     Tupelo, MS 38804
     Tel: (662) 842-2123
     Fax: (662) 841-6809
     Email: jev@jevance.com

                      About On-Call Staffing

On-Call Staffing, Inc., filed a Chapter 11 petition (Bankr. N.D.
Miss. Case No. 16-13823) on Oct. 28, 2016.  The Debtor is
represented by J. Walter Newman, IV, Esq., at Newman & Newman.  At
the time of the filing, the Debtor estimated assets at $100,001 to
$500,000 and liabilities at $500,001 to $1 million.


OTS CAPITAL: Seeks June 12 Plan Filing Period Extension
-------------------------------------------------------
OTS Capital Partners, LLC asks the U.S. Bankruptcy Court for the
Northern District of Georgia to extend its exclusive periods for
filing a plan of reorganization and soliciting acceptances to the
plan, through June 12, 2017 and July 12, 2017, respectively.

The Debtor currently has until March 13, 2017 to file its plan of
reorganization, and until June 12, 2017 to solicit acceptances of
its plan.

The Debtor relates that it has not previously requested an
extension of its exclusivity period.  The Debtor further relates
that it is still attempting to negotiate a plan with its major
creditors.

The Debtor's Motion is scheduled for hearing for February 7, 2017
at 10:15 a.m.

             About OTS Capital Partners, LLC

OTS Capital Partners, LLC, based in 616 Elliott Rd., McDonough,
Georgia, filed a Chapter 11 petition (Bankr. N.D. Ga. Case No.
16-70357) on Nov. 11, 2016.  The petition was signed by Dan C.
Fort, authorized representative.  The Debtor is represented by
William A. Rountree, Esq., Macey, Wilensky & Hennings, LLC.  At the
time of filing, the Debtor estimated $1 million to $10 million in
both assets and liabilities.


P3 FOODS: Can Use Element Financial Cash Collateral Until Feb. 10
-----------------------------------------------------------------
Judge Donald R. Cassling of the U.S. Bankruptcy Court for the
Northern District of Illinois authorized P3 Foods, LLC, to use
Element Financial Corp.'s cash collateral on an interim basis,
through Feb. 10, 2017.

Element Financial asserts a secured claim in the amount of
$689,966, as of the Petition Date.  It has a first priority,
perfected security interest in all the Debtor's personal property.

The approved Budget covers the period Jan. 10, 2017 through Feb.
10, 2017, and provides for total expenses in the amount of
$816,662.

Element Financial is granted postpetition replacement liens, to the
same extent and with the same priority as held prepetition.
Element Financial is further granted a claim pursuant to Sections
503(b) and 507(b) of the Bankruptcy Code, which will have priority
over all other claims entitled to priority under Section 507(a)(1),
except for quarterly fees due to the United States Trustee.

The Debtor is directed to make an adequate protection to Element
Financial in the amount of $16,428.  The Debtor is further directed
to maintain all necessary insurance as may be currently in effect,
and to obtain such additional insurance as is appropriate for the
Debtor's business.

20/20 Franchise Funding LLC, Leaf Capital Funding LLC, and American
Express Bank FSB were granted replacement liens, to the same extent
and with the same priority as held by them pre-petition, on the
same type of asset.

The Debtor was ordered to make adequate protection payments to
20/20 Franchise Funding in the amount of $4,835, American Express
in the amount of $7,802, and Leaf Capital Funding in the amount of
$797.

The Debtor's Motion is scheduled for hearing on Feb. 7, 2017 at
10:00 a.m.

A full-text copy of the Interim Order, dated Jan. 11, 2017, is
available at http://bankrupt.com/misc/P3Foods2016_1632021_79.pdf

Element Financial Corp. is represented by:

          Thomas Askounis, Esq.
          Alex Darcy, Esq.
          C. Randall Woolley, Esq.
          ASKOUNIS & DARCY PC
          444 North Michigan Avenue, Suite 3270
          Chicago, IL 60611
          Telephone: (312) 784-2400
          E-mail: taskounis@askounisdarcy.com
                  adarcy@askounisdarcy.com
                  rwoolley@askounisdarcy.com

                  About P3 Foods, LLC

P3 Foods, LLC, operates nine Burger King franchises in Minneapolis,
Minnesota.  P3 Foods filed a chapter 11 petition (Bankr. N.D. Ill.
Case No. 16-32021) on Oct. 6, 2016.  The case is assigned to Judge
Donald Cassling.  

An official committee of unsecured creditors has not yet been
appointed.

The Debtor is represented by Richard L. Hirsh, Esq., at Richard L.
Hirsh, P.C.  The Debtor engaged Aldridge Chasewater LLC as
accountant.


PARAGON OFFSHORE: Court Extends Plan Filing Period to Jan. 26
-------------------------------------------------------------
Judge Christopher Sontchi of the U.S. Bankruptcy Court for the
District of Delaware extended the exclusive period during which
only Paragon Offshore plc and its affiliated debtors may file a
plan of reorganization, through and including January 26, 2017, and
the exclusive period to obtain acceptances of its plan through and
including March 27, 2017.

The Troubled Company Reporter had earlier reported that the Debtors
sought for exclusivity extension relating that they continue to
make good faith progress towards reorganizing, including
stabilizing their businesses, reaffirming relationships with key
suppliers and service providers, implementing cost-reduction
measures, and generally administering the chapter 11 cases
efficiently and economically. Importantly, the Debtors had also
been engaged in a series of discussions with senior secured
revolver and term loan agents and lenders, the ad hoc group of
unsecured noteholders, and their respective professionals,
concerning the its business plan and formulation of a chapter 11
plan.

The Debtors also related that they have filed a motion to establish
an unsecured claims bar date, which is set for hearing on December
20, 2016.  Accordingly, the Debtors had used the current Exclusive
Periods constructively and deserve an extension to continue efforts
to formulate a consensual chapter 11 plan.

                  About Paragon Offshore

Paragon Offshore plc -- http://www.paragonoffshore.com/-- is a
global provider of offshore drilling rigs.  Paragon's operated
fleet includes 34 jackups, including two high specification heavy
duty/harsh environment jackups, and six floaters (four drillships
and two semi-submersibles).  Paragon's primary business is
contracting its rigs, related equipment and work crews to conduct
oil and gas drilling and workover operations for its exploration
and production customers on a dayrate basis around the world.
Paragon's principal executive offices are located in Houston,
Texas.  Paragon is a public limited company registered in England
and Wales and its ordinary shares have been trading on the
over-the-counter markets under the trading symbol "PGNPF" since
December 18, 2015.

Paragon Offshore Plc, et al., filed Chapter 11 bankruptcy Petitions
(Bankr. D. Del. Case Nos. 16-10385 to 16-10410) on Feb. 14, 2016,
after reaching a deal with lenders on a reorganization plan that
would eliminate $1.1 billion in debt.

The petitions were signed by Randall D. Stilley as authorized
representative.  Judge Christopher S. Sontchi is assigned to the
cases.

The Debtors reported total assets of $2.47 billion and total debt
of $2.96 billion as of Sept. 30, 2015.

The Debtors engaged Weil, Gotshal & Manges LLP as general counsel,
Richards, Layton & Finger, P.A. as local counsel, Lazard Freres &
Co. LLC as financial advisor, Alixpartners, LLP as restructuring
advisor, and Kurtzman Carson Consultants as claims and noticing
agent.


PARKLAND FUEL: S&P Affirms 'BB-' Rating on Sr. Unsecured Debt
-------------------------------------------------------------
S&P Global Ratings said it affirmed its 'BB-' issue-level ratings
on Parkland Fuel Corp.'s senior unsecured debt following the
publication Dec. 7, 2016, of S&P's revised recovery criteria for
rating debt issues of speculative-grade corporate issuers.

At the same time, S&P Global Ratings removed the ratings from under
criteria observation (UCO), where they were placed Dec. 7.

S&P's '3' recovery rating on the company's C$200 million 5.50%
senior unsecured notes due 2021 and C$200 million 6% senior
unsecured notes due 2022 is unchanged, reflecting S&P's expectation
for meaningful (50%-70%; lower end of range) recovery. S&P's '4'
recovery rating on the company's recently issued
C$300 million 5.75% senior unsecured notes due 2024 is unchanged,
reflecting S&P's expectation for average (30%-50%; lower end of
range) recovery.  Consistent with our approach since the company
announced in mid-2016 its acquisition of a portion of CST Brands
Inc.'s Canadian assets, S&P will likely lower its recovery ratings
on Parkland's senior unsecured debt outstanding to '4' from '3' if
the company finances the acquisition as proposed.  S&P expects to
revise the recovery rating because it believes the addition of more
than C$500 million of secured debt from a new C$700 million
revolving credit facility would weaken noteholders' prospects for
recovery in the event of default, after proceeds from the 2024
maturity are released from acquisition-related escrow.

"This revision does not reflect a change in our assessment of the
company's default risk, which is indicated by our corporate credit
rating, or our opinion of recovery given default, which is
indicated by our recovery ratings," said S&P Global Ratings credit
analyst Donald Marleau.

All other ratings are unchanged. The outlook is stable.


PAYLESS SHOESOURCE: Explores Debt Restructuring
-----------------------------------------------
Payless Shoes, the private equity-backed discount footwear chain,
is reportedly exploring options for its debt burden.

Lauren Hirsch and Jessica DiNapoli, writing for Reuters, reported
that the discount footwear retailer is working with
debt-restructuring attorneys to deal with its approximately $665
million in debt as foot traffic at its stores declines, according
to people familiar with the matter.

According to Reuters, the move underscores the stress facing many
retailers as consumers do more of their shopping online.

Payless is working with law firm Kirkland & Ellis LLP as a debt
restructuring adviser, Reuters said, citing the people.  The
company is considering several options to deal with its debt, the
Reuters report further cited the people, who asked not to be
identified because the matter is confidential.

                     About Payless ShoeSource

Based in Topeka, Kansas, Payless ShoeSource, Inc. --
http://www.payless.com/-- is one of the top shoe retailers in the
world, operating more than 4,400 stores in more than 30 countries.
It also has nearly 260 franchised stores located primarily in Asia,
Eastern Europe, and the Middle East.  Payless shops offer dress,
athletic, and casual shoes; slippers; boots; and sandals for men,
women, and kids.  The discount shoe chain targets women age 18 to
49.  Its North American stores stock about 6,600 pairs of shoes in
500 styles.  Founded in 1956, today Payless ShoeSource is owned by
Golden Gate Capital and Blum Capital Partners.


PEABODY ENERGY: Secures $1.5-Bil Financing to Exit Chapter 11
-------------------------------------------------------------
The American Bankruptcy Institute, citing Tracy Rucinski of
Reuters, reported that Peabody Energy Corp. (BTUUQ.PK) said that a
group of banks, including affiliates of Goldman Sachs Group Inc
(GS.N) and JPMorgan Chase Bank (JPM.N), has pledged a combined $1.5
billion in loans to help the coal producer exit bankruptcy in the
coming months.

According to the report, citing court documents, the cash will be
used to cover claims by Peabody's secured lenders and provide "a
strong foundation" for its capital structure when it emerges from
the roughly $8 billion Chapter 11 bankruptcy it filed last April.

Affiliates of Credit Suisse AG (CSGN.S) and Macquarie Group Ltd
(MQG.AX) are also part of the group that has signed on to the new
financing, the report related.

The company expects to exit Chapter 11 in the second quarter of
this year with a plan, supported by most of its creditors, to cut
more than $5 billion of debt and raise new capital through a $750
million private placement and a $750 million rights offering, the
report related.

Peabody has not yet explained how it will guarantee about $1
billion in future mine cleanup costs previously covered by
"self-bonding," a federal program that exempt large miners from
setting aside cash or collateral to ensure mined land is returned
to its natural setting, as required by law, the report pointed
out.

The practice came under scrutiny following Chapter 11 filings by
U.S. coal producers that held a total of $3.6 billion in self-bonds
as of July, raising concerns that taxpayers could some day be stuck
with the cost of cleaning up mined land, the report noted.

                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.


PHILADELPHIA HEALTH SYSTEM: Hires Dilworth Paxson as Counsel
------------------------------------------------------------
North Philadelphia Health System seeks authorization from the U.S.
Bankruptcy Court for the Eastern District of Pennsylvania to employ
Dilworth Paxson LLP as counsel for the Debtor.

The Debtor requires Dilworth to:

      a. provide the Debtor with legal services with respect to its
powers and duties as a debtor-in-possession;

      b. prepare on behalf of the Debtor or assist the Debtor in
preparing all necessary pleadings, motions, applications,
complaints, answers, responses, orders, United States Trustee
reports, and other legal papers;

      c. represent the Debtor in any matter involving contests with
secured or unsecured creditors, including the claims reconciliation
process;

      d. assist the Debtor in providing legal services required to
prepare, negotiate and implement a plan of reorganization; and

      e. perform other legal services for the Debtor which may be
necessary, other than those requiring specialized expertise for
which special counsel, if necessary, may be employed.

Dilworth lawyers who will work on the Debtor's case and their
hourly rates are:

       Martin J. Weis                  $560
       Anne M. Aaronson                $505
       Jesse N. Silverman              $410
       Miriam L. Dolan                 $170
       Christine Chapman-Tomlin        $180

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

Anne M. Aaronson, Esq., partner in the law firm of Dilworth Paxson
LLP, assured the Court that the firm does not represent any
interest adverse to the Debtor and its estates.

Dilworth may be reached at:

      Anne M. Aaronson, Esq.
      Dilworth Paxson LLP
      1500 Market Street, Suite 3500E
      Philadelphia, PA 19102
      Tel: (215) 575-7110
      Fax: (215) 575-7200
      E-mail: aaaronson@dilworthlaw.com

             About North Philadelphia Health System

North Philadelphia Health System, a Pennsylvania
non-profit,
non-stock, non-member corporation, operates the
Girard Medical
Center, a state-licensed 65-person private
psychiatric hospital, and the Goldman Clinic, a medically assisted
treatment center, located Philadelphia, Pennsylvania.

North Philadelphia Health System sought protection under Chapter 11
of the Bankruptcy
Code (Bankr. E. D. Pa. Case No. 16-18931) on
December 30, 2016. 
The petition was signed by George Walmsley
III, president & CEO.  

The case is assigned to Judge Magdeline D. Coleman.

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


PHILI EQUITIES: Wants Plan Filing Period Extended for 90 Days
-------------------------------------------------------------
Phili Equities, LLC asks the U.S. Bankruptcy Court for the Eastern
District of New York to extend its exclusive periods for filing a
plan of reorganization and soliciting acceptances to the plan.

The Debtor seeks an extension of its exclusive plan filing period
for 90 days from the date of the entry of the Court's Order, and
the right to solicit acceptances for any plan filed within the
exclusive period for an additional 60 days thereafter.

The Debtor believes that it is in the best position to create the
best possible solution for its creditors.  The Debtor contends that
if other parties are able to propose an alternative plan of
reorganization it will seriously impair the reorganization process
and will not result in the best resolution of creditor claims.

The Debtor's Motion is scheduled for hearing for February 14, 2017
at 10:30 a.m.

             About Phili Equities, LLC.

Phili Equities, LLC, a single asset real estate business based in
543 Bedford Avenue, Suite 214, Brooklyn, New York, filed a Chapter
11 bankruptcy petition (Bankr. E.D.N.Y. Case No. 16-44102) on
September 14, 2016.  The petition was signed by Chaim Landau,
managing member.  The Debtor is represented by David Carlebach,
Esq., at The Law Office of David Carlebach, Esq.  The case is
assigned to Judge Elizabeth S. Stong.  The Debtor estimated $1
million to $10 million in both assets and liabilities at the time
of the filing.


PLAYPOWER INC: Moody's Affirms B3 CFR & Cuts 1st Lien Debt to B3
----------------------------------------------------------------
Moody's Investors Service affirmed PlayPower, Inc.'s B3 Corporate
Family Rating and B3-PD Probability of Default rating. At the same
time, Moody's downgraded the first lien revolving credit facility
rating to B3 from B2, and the first lien term loan rating to B3
from B2. Moody's also affirmed the Caa2 second lien term loan
rating. The ratings outlook is stable.

The downgrade of PlayPower's first lien debt to B3 reflects pending
changes in the overall secured/unsecured mix within the company's
capital structure. PlayPower intends to issue an additional $45
million of first lien debt as an add on to its existing term loan.
Proceeds will be used to fund an acquisition. The B3 revolving
credit facility and first lien term loan rating are the same as the
B3 Corporate Family Rating because they represent the preponderance
of the company's debt. The revolver and term loan are secured by
substantially all assets of PlayPower and its domestic subsidiaries
with a 65% pledge of the stock of foreign subsidiaries.

PlayPower's second lien term loan is rated Caa2 (LGD 6), two
notches below the B3 Corporate Family Rating. This reflects its
junior position relative to a substantial amount of higher priority
debt obligations. The second lien term loan is secured by the same
collateral that secures the first lien facilities.

Ratings Downgraded:

- $30 million revolving credit facility to B3 (LGD 3) from B2
   (LGD 3)

- $265 million first lien term loan to B3 (LGD 3) from B2 (LGD 3)

Ratings Affirmed:

- Corporate Family Rating at B3

- Probability of Default Rating at B3-PD

- $44 million second lien term loan at Caa2 (LGD 6)

The ratings outlook is stable.

RATINGS RATIONALE

PlayPower's B3 Corporate Family Rating reflects the cyclical nature
of its business as a manufacturer of commercial playground
equipment, indoor play systems, shade structures, and marine
accessories. Its products represent deferrable discretionary
purchases exposing the company to sharp declines in earnings and
cash flow during economic downturns. The rating also reflects high
financial leverage, a modest size with pro forma revenue of around
$400 million, and limited segment diversification. PlayPower's
modest size limits its negotiating power with raw material
suppliers and increases its operating risk due to reliance on
certain key manufacturing facilities. These negative credit factors
are somewhat offset by the Company's strong market position within
each of its niche product lines and its wide geographic presence
within the United States and Europe.

The stable rating outlook reflects Moody's view that over the next
12 to 18 months, PlayPower will remain a highly leveraged company
with above average business risk.

Ratings could be upgraded if the company meaningfully lowered debt
levels and maintains good liquidity.

Ratings could be downgraded if revenues or margins materially
decline, liquidity deteriorates, cash flow turns negative, or EBITA
to interest falls below 1.5 times.

The principal methodology used in these ratings was "Consumer
Durables Industry" published in September 2014.

PlayPower, Inc. based in Huntersville, North Carolina, primarily
manufactures commercial playground equipment used in parks and
schools throughout North America and Europe. Commercial play
products account for over 70% of revenue. PlayPower also
manufactures shade structures that provide protection to people and
assets from the sun and weather, commercial indoor play systems,
and marine accessories such as floating modular dock systems and
watercraft lifts. The company's primary markets are North America
and Europe, with some exposure to Asia and the Middle East.
PlayPower generated $304 million of revenue for the twelve months
ended September 30, 2016. Revenue pro forma for the Playworld and
pending acquisition is about $400 million. PlayPower is owned by
private equity firm Littlejohn & Co., LLC.


PT USA LP: Plan Filing Deadline Extended Through March 30
---------------------------------------------------------
Judge David R. Jones of the U.S. Bankruptcy Court for the Southern
District of Texas extended through March 30, 2017, the exclusive
period during which only PT USA LP may file a plan of
reorganization and solicit approval of such plan.

The Troubled Company Reporter had earlier reported that the Debtor
asked for exclusivity extension to avoid the necessity of having to
file a chapter 11 plan prematurely and to ensure that the plan,
when filed, will be in the best interests of the Debtor and its
creditors.  The Debtor related that the claim of one creditor,
Suncoast Post-Tension, Ltd., constituted the overwhelming
percentage of all financial claims asserted against the Debtor.
The Debtor further related that although it had reached a
conditional settlement with Suncoast regarding its claim, any
successful plan of reorganization requires a resolution of
Suncoast's claim.

In addition, the Debtor contended that the Court granted the
Debtor's motion for leave to file an adversary action against
several entities who owe the Debtor hundreds of thousands of
dollars for goods and services, and the resolution of these unpaid
sums will be a predicate for the Debtor to file a final plan of
reorganization.

                       About PT USA LP

PT USA LP filed a Chapter 11 petition (Bankr. S.D. Tex. Case No.
16-31795), on April 5, 2016. The case is assigned to the Hon.
Marvin Isgur. The petition was signed by Sandeep Patel, manager for
general partner. The Debtor's counsel is Kevin M Madden, Esq., at
Kane Russell Coleman & Logan PC, in Houston, Texas.

At the time of filing, the Debtor had $1 million to $10 million in
estimated assets and $10 million to $50 million in estimated
liabilities. The Debtor did not include a list of its largest
unsecured creditors when it filed the petition.


PUERTO RICO: Turns to Lewandowski to Lobby Trump on Debt
--------------------------------------------------------
The American Bankruptcy Institute, citing Jesse Eisinger of
ProPublica, reported that the hedge funds and insurance companies
that want financially strapped Puerto Rico to pay them back in full
may have found a new ally: Donald Trump's former campaign manager,
Corey Lewandowski.

According to the report, the newly elected governor of Puerto Rico
is in discussions to hire Lewandowski's lobbying firm, at a time
when the island's creditors are hoping that the incoming Trump
administration will be more sympathetic to them than the Obama
administration has been.  Such a shift would add to concerns that
the new administration's tight ties to banks and investment funds
could tilt its policies in favor of Wall Street, the report
related.

"There's no contract, but we have active talks" with the governor,
says Barry Bennett, who recently formed Avenue Strategies with
Lewandowski, the report further related.

The governor wants Avenue to lobby the new administration regarding
Puerto Rico's fiscal crisis, though it's too early to say exactly
what steps the firm would push for, Bennett told the news agency.
He denied a report by Caribbean Business that Lewandowski recently
arranged a get-together between the new governor, Ricardo
Rosselló, and Trump, the report said.  "There was no meeting with
Trump," he further told the news agency.


RACKSPACE HOSTING: Egan-Jones Lowers Sr. Unsecured Ratings to BB
----------------------------------------------------------------
Egan-Jones Ratings, on Jan. 11, 2017, downgraded the senior
unsecured debt ratings on debt issued by Rackspace Hosting to BB
from BBB-.

Based in San Antonio, TX., Rackspace is a multinational leader in
managed cloud services. The company has a global network and offers
broad IT solutions to its clients.




RADIATE HOLDCO: Moody's Rates New $400MM Unsecured Notes 'Caa1'
---------------------------------------------------------------
Moody's Investors Service assigned a first-time Caa1 unsecured
rating to Radiate HoldCo, LLC's (Radiate) proposed $400 million
notes issuance. This issuance is part of the financing of Radiate's
acquisition of both RCN Telecom Services LLC (RCN) and Grande
Communications Networks LLC (Grande) for approximately $2.25
billion in August of 2016. The company's B1 senior secured rating,
B2 corporate family rating (CFR) and B2-PD probability of default
rating (PD) were affirmed as part of this transaction. The outlook
remains stable.

Assignments:

Issuer: Radiate HoldCo, LLC

Senior Unsecured Regular Bond/Debenture, Assigned Caa1 (LGD6)

Affirmations:

Issuer: Radiate HoldCo, LLC

Probability of Default Rating, Affirmed B2-PD

Corporate Family Rating, Affirmed B2

Senior Secured Bank Credit Facilities, Affirmed B1 (LGD3)

Outlook Actions:

Issuer: Radiate HoldCo, LLC

Outlook, Remains Stable

RATINGS RATIONALE

"Pro forma for the acquisition, Radiate's leverage will be
approximately 6.4x (Moody's adjusted) which remains within our
tolerances to support a B2 CFR. Although leverage in the mid 6
times is high for a B2-rated company, we expect leverage to fall
below 6 times by the end of 2017. Other than a significant rise in
leverage, the fundamentals of the combined entity will remain
relatively unchanged. We do not expect substantial synergies to be
extracted in the transaction, and believe there will be no material
changes in operations or market strategies. Further, the company
will continue to be run by the same management team, Patriot Media,
without interruption, and the capital structure of the new company
will be similar to the predecessor companies - dominated by senior
secured bank credit facilities. This transaction is largely a
change in ownership," Moody's said.

Radiate's B2 corporate family rating (CFR) reflects the company's
private equity ownership which poses event risk and tolerates
aggressive financial policy. The company's video and phone services
are also under pressure, as it competes in highly competitive
markets in the Northeast, Chicago and Texas. The company has been
losing video and voice subscribers with customers migrating to
commercial-free, lower-cost video streaming services and
substituting wireline voice with wireless mobile services. Another
rating constraint is the company's moderate scale and limited
market share evidenced by below average performance metrics
including revenue to homes passed and Triple Play Equivalent (TPE;
defined as a simple average of the company's three main product
penetration rates).

Supporting the rating is organic growth in its residential HSD
product and commercial services business segment, driven by higher
demand for bandwidth as subscribers consume more data. The growth
in these parts of the business is more than fully offsetting the
loss in video subscribers, providing stability to the company's
customer base. Radiate's robust network positions the company well
to attract and retain HSD customers, taking market share. The
rating is also supported by a predictable business model that
produces stable revenues, pricing power, and strong EBITDA growth.

Moody's stable outlook assumes EBITDA growth of at least mid-single
digits, leverage (Moody's adjusted) improving below 6x by the end
of 2017, and approaching mid 5x by the end of 2018. "We also expect
the company to maintain good liquidity and positive free cash flows
throughout the year. In addition, we expect the company to maintain
its overall market share with a Triple-Play-Equivalent percentage
sustained at 20% or higher," Moody's said.

Moody's would consider a positive rating action if, on a sustained
basis, leverage fell below 4.5x or if free cash flow to debt rose
above 5%. A positive rating action could also be conditional on the
company maintaining good liquidity and positive free cash flow,
growing the scale of the company, adopting more conservative
financial policies, improving its market position, strengthening
its capital structure, and or improving key performance
measurements.

Moody's would consider a negative rating action if, on a sustained
basis, leverage rose above 6.25x, free cash flow to debt fell below
0%, or the Triple-Play-Equivalent percentage fell below 20%. A
negative rating action would also be considered if churn rose above
historic levels, the company adopted more aggressive financial
policies, or if there was a material adverse change (or possibility
of change) in regulation, market position, capital structure, key
performance measures, or the operating model.

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

Based in Princeton, New Jersey, Radiate is the parent of RCN
Telecom Services, LLC and Grande Communications Networks LLC. The
company provides video, high-speed internet and voice services to
residential and commercial customers, with operations primarily
located in the Northeast, Chicago and Texas. As of September 30,
2016, the company served approximately 403 thousand video, 577
thousand HSD, and 231 thousand voice customers. Revenue for the LTM
ended September 30 was more than $900 million. TPG Capital is the
majority owner (at about 85%), with the remainder being owned by
management and Google Capital. Executives from Patriot Media manage
Radiate.


RECYCLING GROUP: Can Use Sutton Bank, IRS Cash on Final Basis
-------------------------------------------------------------
Judge Beth A. Buchanan of the U.S. Bankruptcy Court for the
Southern District of Ohio authorized Recycling Group, Ltd. to use
cash collateral on a final basis, until a plan of reorganization is
confirmed by the Court.

Judge Buchanan held that Sutton Bank and the Internal Revenue
Service may have asserted a lien in the cash collateral.  She
acknowledged that the Debtor is in need of the continued use of
cash collateral to preserve its assets and fund its business
operations.

The approved monthly Budget provided for total expenses in the
amount of $74,600.  The Budget also provided for professional and
administrative fees in the amount of $10,000.

Sutton Bank and the IRS were granted replacement security interests
in and liens upon all collateral to the same extent and priority as
existed as of the Petition Date.

The Debtor was directed to make monthly, interest-only payments in
the amount of $5,630.

Judge Buchanan held that any approved professional fees will have
priority of payment over the claims of Sutton Bank and the IRS, in
an amount not to exceed $75,000.  She ordered the Debtor to deposit
$7,500 per month in the escrow account of the Debtor's counsel, to
be held pending approval of any such professional fees.

A full-text copy of the Final Order, dated Jan. 11, 2017, is
available at
http://bankrupt.com/misc/RecyclingGroup2016_116bk14347_44.pdf

                   About Recycling Group

Recycling Group, Ltd., filed a chapter 11 petition (Bankr. S.D.
Ohio Case No. 16-14347) on Nov. 21, 2016. The petition was signed
by Michael A. Story, managing member.  The case is assigned to
Judge Jeffrey P. Hopkins.

Recycling Group is a company located in Cincinnati, Ohio, that
employs up to eight individuals in its recycling business. Michael
A. Story is the managing member of Recycling Group and is the
majority owner. Mr. Story is also the managing member and majority
owner of MHM Holdings, LLC.

MHM Holdings, a debtor in Case No. 16-14345, owns the real estate
at which the Debtor operates.

Recycling Group estimated assets and liabilities at $1 million to
$10 million at the time of the filing.

Recycling Group is represented by William B. Fecher, Esq. and Alan
J. Statman, Esq., at Statman, Harris & Eyrich, LLC.


RED RIVER: Court Allows Cash Collateral Use Until Feb. 28
---------------------------------------------------------
Judge Tracey N. Wise of the U.S. Bankruptcy Court for the Eastern
District of Kentucky authorized Adam M. Back, Trustee for Red River
Healthcare, LLC, and its affiliated Debtors, to use cash collateral
through Feb. 28, 2017.

The Debtors' Cash Collateral Creditor is granted replacement liens
in post-petition collateral, subject only to any valid and
enforceable, perfected, and non-avoidable liens of other secured
creditors.  The replacement liens will be junior to the Debtors'
obligation to pay the U.S. Trustee Fees and will be junior to
allowed administrative expense claims in the event the cases are
converted to cases under Chapter 7.

Judge Wise directed the Debtors to account for all cash use.  She
acknowledged that the proposed cash use as set forth in the
Debtors' Budget was being incurred primarily to preserve the
property of the Estates and make adequate protection payments to
the Internal Revenue Service.

A full-text copy of the Order, dated Jan. 11, 2017, is available at

http://bankrupt.com/misc/RedRiver2015_1551438tnw_245.pdf

                 About Red River Healthcare

Red River Healthcare, LLC, Aaron K. Jonan Memorial Clinic, Inc.,
Asthma and Allergy Center, LLC, and Pediatric Associates of
Pikeville, LLC each filed chapter 11 petitions (Bankr. E.D. Ky.
Case No. 15-51438, 15-51439, 15-70469, and 15-70470) on July 21,
2015.  Salyersville Medical Center, LLC filed a chapter 11 petition
(Bankr. E.D. Ky. Case No. 15-70818) on December 21, 2015.  The
petitions were signed by Djien H. So, managing member.  The Debtors
are represented by Jamie L. Harris, Esq., at Delcotto Law Group
PLLC.

Red River Healthcare, LLC, Aaron K. Jonan Memorial Clinic, Inc.,
and Pediatric Associates of Pikeville, LLC each estimated assets
and liabilities at $100,001 to $500,000. Asthma and Allergy Center,
LLC and Salyersville Medical Center, LLC each estimated assets at
$100,001 to $500,000 and liabilities at $500,001 to $1 million.



RENWTRICITY: To Hire Greenberg Firm as Corp. & Conflicts Counsel
----------------------------------------------------------------
Renwtricity NJ 2010 LLC and Washington PV Generation LLC seek
approval from the United States Bankruptcy Court for the District
of New Jersey to employ the Law Office of Michael J. Greenberg as
special corporate and conflicts counsel.

The Law Office of Michael J. Greenberg will serve as special
corporate counsel to the Debtors in their bankruptcy cases and
represent the Debtors in other discrete matters from time to time,
including matters in which Stradley Ronon Stevens & Young, LLP may
have a conflict.

The Law Office of Michael J. Greenberg will be compensated on an
hourly basis for its professional services rendered to the Debtors
and reimbursed for its out of pocket expenses. Mr. Greenberg's
current hourly rate is $350.

Mr. Michael Greenberg is a member of Debtor, Renwtricity NJ 2010
LLC.  Mr. Greenberg plans to file a proof claim in the Debtor's bar
date for the filing of proofs of claim. The proof of claim will
include a claim for indemnification against Debtor, Renwtricity NJ
2010 LLC.

Mr. Greenberg attests that he does not represent nor hold any
interest adverse to the debtor or the state with respect to the
matter for which he will be retained under 11 U.S.C. Sec. 327(e).

The Firm can be reached through:

     Michael J. Greenberg, Esq.
     LAW OFFICE OF MICHAEL J. GREENBERG
     100 Challenger Road, Suite 401
     Ridgefield Park, NJ 07660
     Phone: (201) 836-3230

              About RenwTricity NJ 2010 and Washington PV
Generation

RenwTricity NJ 2010 LLC and Washington PV Generation LLC sought
protection under Chapter 11 of the Bankruptcy Code (Bankr. D. N.J.
Case Nos. 16-29584 and 16-29587) on October 13, 2016.  The
petitions were signed by Michael Greenberg, general counsel.  

The case is assigned to Judge Vincent F. Papalia.

At the time of the bankruptcy filing, the Debtors disclosed
$739,534 in assets and $1.29 million in liabilities.


RIDGEVILLE PLAZA: Hires McNamee Hosea Jernigan as Counsel
---------------------------------------------------------
Ridgeville Plaza, Inc., seeks authorization from the U.S.
Bankruptcy Court for the District of Maryland to employ McNamee
Hosea Jernigan Kim Greenan & Lynch, P.A. as counsel for the Debtor
and Debtor-in-Possession.

The Debtor requires the Law Firm to:

      a. prepare and file all necessary bankruptcy pleadings on
behalf of the Debtor;

      b. negotiate with creditors;

      c. represent with respect to adversary and other proceedings
in connection with the Bankruptcy;

      d. prepare the Debtor's disclosure statement and plan of
reorganization; and

      e. other matters related to the Bankruptcy and the Debtor's
reorganization.

The Firm's lawyers and professionals who will work on the Debtor's
case and their hourly rates are:

      James M. Greenan, Esq.            $500
      Craig M. Palik. Esq.              $375
      Steven L. Goldberg, Esq.          $350
      Paralegal                         $100

James M. Greenan, Esq., managing principal of the law firm of
McNamee Hosea Jernigan Kim Greenan & Lynch, P.A., assured the Court
that the firm is a "disinterested person" as the term is defined in
Section 101(14) of the Bankruptcy Code and does not represent any
interest adverse to the Debtor and its estates.

The Law Firm may be reached at:

     James M. Greenan, Esq.
     Steven L. Goldberg, Esq.
     McNamee Hosea Jernigan Kim Greenan & Lynch, P.A.
     6411 Ivy Lane, Suite 200
     Greenbelt, MD 20770
     Telephone: (301) 441-2420
     Fax: (301) 982-9450
     E-mail: jgreenan@mhlawyers.com
             sgoldberg@mhlawyers.com

                 About Ridgeville Plaza, Inc.          

Ridgeville Plaza, Inc. is a corporation formed in 1998
with
principal place of business located in Carroll County,
MD.  The
Debtor owns, leases and manages commercial real
property located 206, 208 and 210 E. Ridgeville Boulevard, Mt.
Airy, MD 21771.



Ridgeville Plaza, Inc. filed a Chapter 11 petition (Bankr. D. Md.
Case No. 16-26944), on December 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.


RMS TITANIC: Plan Filing Deadline Extended Through April 10
-----------------------------------------------------------
Judge Paul M. Glenn of the U.S. Bankruptcy Court for the Middle
District of Florida extended further the periods during which RMS
Titanic, Inc. and certain of its affiliates have the exclusive
right to file and obtain acceptance of a Chapter 11 plan, through
and including April 10, 2017 and including June 9, 2017,
respectively

The Troubled Company Reporter had earlier reported that the Debtors
sought exclusivity extension asserting that the unique nature of
their primary assets, the Titanic artifacts, were the subject of
ongoing decades-old litigation, unique issues of maritime law, and
potentially competing rights of two different sovereigns.  The
Debtors related that RMS Titanic was recently engaged in litigation
with the French government in this Court to determine the rights of
RMS Titanic in the "French Artifacts," which was set to come before
this Court shortly on a motion for entry of default against France.


Meanwhile, the Debtors also related that RMS Titanic had been
engaged in litigation in the Eastern District of Virginia for
nearly 25 years to determine its rights and obligations with
respect to the remainder of the Titanic artifacts.  The US Artifact
litigation created significant challenges to the Debtors'
reorganization efforts since it is subject to severe restrictions
on what can be done with the artifacts, how the artifacts are to be
maintained, and provide for continuing jurisdiction of the U.S.
District Court for the Eastern District of Virginia to oversee
enforcement of the covenants and conditions imposed in the US
Artifact Litigation.  

The Debtors also asserted that they were considering all
alternatives available to them to maximize value, whether that be
through debt financing, equity investment, sale of the French
Artifacts, sale of all of the artifacts (subject to any applicable
covenants and conditions), sale of the operating companies, and
other  possible alternatives.  The Debtors and their advisors were
actively engaged in discussions with potential financing sources,
auctioneers, and other parties that could present a path to exiting
these chapter 11 cases.  However, the Debtors had received no
proposals from any party in interest regarding any alternative
transactions or proposed strategies for the overall resolution of
these complex cases.

In addition, the Debtors had filed a motion for entry of default in
the French Adversary and scheduled a hearing on that motion for
January, potentially paving the way for a potential monetization of
the French Artifacts, and anticipated filing objections to claims
totaling approximately $33 million, and continue to analyze other
claims objections.

The Debtors also told the Court that they had reviewed their lease
obligations and will be addressing the proposed assumption of
certain lease obligations in the near future and before the
deadline currently set for January 10, 2017, by which the Debtors
must assume or reject nonresidential real property lease
obligations.

                       About RMS Titanic, Inc.

Premier Exhibitions, Inc. (Nasdaq: PRXI), located in Atlanta,
Georgia, is a foremost presenter of museum quality exhibitions
throughout the world.  Premier --
http://www.PremierExhibitions.com/-- is a recognized leader in
developing and displaying unique exhibitions for education and
entertainment including Titanic: The Artifact Exhibition,
BODIES...The Exhibition, Tutankhamun: The Golden King and the Great
Pharaohs, Pompeii The Exhibition, Extreme Dinosaurs and Real
Pirates in partnership with National Geographic.  The success of
Premier Exhibitions lies in its ability to produce, manage, and
market exhibitions.

RMS Titanic and seven of its subsidiaries filed voluntary petitions
for reorganization under Chapter 11 of the Bankruptcy Code (Bankr.
M.D. Fla. Lead Case No. 16-02230) on June 14, 2016.  Former Chief
Financial Officer and Chief Operating Officer Michael J. Little
signed the petitions.  The Chapter 11 cases are assigned to Judge
Paul M. Glenn.

The Debtors estimated both assets and liabilities of $10 million to
$50 million.

Guy Gebhardt, acting U.S. trustee for Region 21, on Aug. 24, 2016,
appointed three creditors to serve on the official committee of
unsecured creditors of RMS Titanic, Inc., and its affiliates.  The
Committee hired Storch Amini & Munves PC and Thames Markey &
Heekin, P.A. as counsel.


RO & SONS: Seeks to Hire Carlo M. Barto as Counsel
--------------------------------------------------
Ro & Sons, Inc. seeks approval from the United States Bankruptcy
Court for the Southern District of Texas to employ Carl M. Barto as
Bankruptcy Counsel.

Services to be rendered by Barto are:

     (a) Advise the Debtor with respect to its rights, duties and
powers in this case;

     (b) Assist and advise the Debtor in its consultations relative
to the administration of this case;

     (c) Assist the Debtor in analyzing the claims of the creditors
and in negotiating with such creditors;

     (d) Assist the Debtor in the analysis of and negotiations with
any third party concerning matters relating to, among other things,
the terms of the plan of reorganization;

     (e) Prepare and file proofs of claim, analyze claims, and when
appropriate object to claims filed on behalf of creditors;

     (f) Represent the Debtor at all hearings and other
proceedings;

     (g) Review and analyze all applications, orders, statements of
operations, and schedules filed with the Court and advise the
Debtor as to their propriety;

     (h) Assist the Debtor in preparing pleadings and applications
as may be necessary in furtherance of the Debtor's interests and
objectives including motions to sell and a motion to reject
executory contracts;

     (i) Draft, file and serve the Debtor's Disclosure Statement
and Plan of Reorganization;

     (j) Solicit ballots and prove up the elements for confirmation
of the Debtor's plan; and,

     (k) Perform such other legal services as may be required and
are deemed to be in the interests of the Debtor in accordance with
the Debtor's powers and duties as set forth in the Bankruptcy
Code.

The firm's service rates are:

     Carl M. Barto, attorney        $350.00/hour
     Maria Lilia C. Barto, attorney $350.00/hour
     Monica Gerardo, paralegal      $90.00/hour

Carl M. Barto attests that he and his firm are "disinterested
person" as that phrase is defined in Section 101(14) of the
Bankruptcy Code, as modified by 1107(b).

The Firm can be reached through:

     Carl M. Barto, Esq.
     LAW OFFICES OF CARL M. BARTO
     817 Guadalupe St.
     Laredo, TX 78040
     Tel: 956 725-7500
     Fax: 956 722-6739
     E-mail: cmblaw@netscorp.net

                                About Ro & Sons Inc

Ro & Sons Inc. (Debtor) is in the business of operating two Motels
in Laredo, Texas. The Debtor filed its voluntary petition for
relief under Chapter 11 of the United States Bankruptcy Code on
January 5, 2015 (Case No.: 16-50241). The petition was signed by
Pablo E. Rodriguez, president.

The case is assigned to Judge Eduardo V Rodriguez.

At the time of the filing, the Debtor disclosed $4.04 million in
assets and $1.57 million in liabilities.


RO & SONS: Wants to Use Falcon International Bank Cash Collateral
-----------------------------------------------------------------
Ro & Sons, Inc., d/b/a Motel 9, asks the U.S. Bankruptcy Court for
the Southern District of Texas for authorization to use cash
collateral.

Falcon International Bank is a prepetition lien holder of the
Debtor, with perfected real estate liens on the Debtor's real
properties at 2503 E. Saunders, and 9017 San Dario, both in Laredo,
Texas.  These properties secure the repayment of two notes with a
combined payoff as of the petition date of approximately
$1,438,407.  The deeds of trust securing these notes also grant the
Bank a lien on the Debtor's income from these properties.

The Debtor relates that Webb County assessed values for the two
properties are $1,000,000.00 for the 2503 Saunders property, and
$700,000 for the San Dario property.  The Debtor believes the
actual value of the properties greatly exceeds the Webb Cad
valuation.  The Debtor contends that even with the Webb Cad
valuation the Falcon International Bank is adequately secured with
an equity cushion of more than a quarter of a million dollars.

The Debtor says that its sole source of income is the rental income
it collects at each of its motel locations.  

The Debtor tells the court that it needs to use some of the cash
collateral it receives in order to pay its debt in the ordinary
course so that it can continue to operate, and protect its ability
to reorganize.  The Debtor further tells the Court that it has
asked Falcon International Bank to agree to allow the Debtor to use
cash collateral in the amount of $52,557.82 per month to pay its
expenses in the ordinary course of business.  The Debtor adds that
this amount includes the amount that the Debtor proposes to pay to
Falcon International Bank for monthly interest accrual on the
Debtor's notes.

The Debtor's proposed Budget provides for total monthly projected
expenses for 2503 E. Saunders at $19,686, and $16,061 for 9017 San
Dario.  The Budget also provides for monthly payment of interest to
Falcon International Bank in the amount of $5,767.

The Debtor proposes to grant Falcon International Bank with a
replacement lien on the Debtor's rental income generated
post-petition.

The Debtor intends to provide proof to Falcon International Bank
that it is maintaining an amount equal to 1/12th of the annual ad
valorem taxes on each property in its Wells Fargo DIP Account, by
providing copies of all DIP checking account statements.

The Debtor also proposes to continue paying a monthly insurance
premium to keep the properties insured under a fire and general
liability insurance policy at a replacement value of $1,893,000 for
the 2503 Saunders Property, and $2,091,000 for the 9017 San Dario
Property.

A full-text copy of the Debtor's Motion, dated Jan. 11, 2017, is
available at http://bankrupt.com/misc/Ro&Sons2016_1650241_13.pdf

Falcon International Bank can be reached at:

          FALCON INTERNATIONAL BANK
          5219 McPherson Rd.
          Laredo, TX 78040

                      About Ro & Sons

Ro & Sons, Inc., d/b/a Motel 9, based in 2505 E. Saunders St.,
Laredo, Texas, filed a chapter 11 petition (Bankr. S.D. Tex. Case
No. 16-50241) on Dec. 6, 2016.  The petition was signed by Pablo E.
Rodriguez, president.  The Debtor is represented by Carl Michael
Barto, Esq., at the Law Offices of Carl M. Barto.  The case is
assigned to Judge Eduardo V. Rodriguez.  The Debtor disclosed total
assets at $4.04 million and total liabilities at $1.57 million.


ROCK HILL: Case Summary & 5 Unsecured Creditors
-----------------------------------------------
Debtor: Rock Hill African Methodist Episcopal Zion Church
        3620 Rock Hill Church Road
        Concord, NC 28027

Case No.: 17-50048

Chapter 11 Petition Date: January 16, 2017

Court: United States Bankruptcy Court
       Middle District of North Carolina (Winston-Salem)

Debtor's Counsel: Daniel C. Bruton, Esq.
                  BELL, DAVIS & PITT, P.A.
                  600 Century Plz.
                  100 N. Cherry St.
                  P.O. Box 21029
                  Winston-Salem, NC 27120-1029
                  Tel: (336) 722-3700
                  E-mail: dbruton@belldavispitt.com

Total Assets: $799,856

Total Liabilities: $1.36 million

The petition was signed by Robert Scott, trustee chair.

A copy of the Debtor's list of five unsecured creditors is
available for free at http://bankrupt.com/misc/ncmb17-50048.pdf


ROUST CORP: Court Approves Disclosures, Confirms Ch. 11 Plan
------------------------------------------------------------
BankruptcyData.com reported that the U.S. Bankruptcy Court approved
Roust's Disclosure Statement and concurrently issued an order
confirming its Amended and Restated Joint Prepackaged Chapter 11
Plan.

According to documents filed with the Court, "The transactions
under the Plan of Reorganization are expected to include the
following: Holders of the Existing Senior Secured Notes will
receive (i) the new senior secured notes due 2022 in an aggregate
principal amount of $385 million and 10% coupon payable
semi-annually, commencing on January 1, 2017, (ii) cash
consideration of $20 million, (iii) a debt-to-equity conversion of
the remaining balance of the Existing Senior Secured Notes
(including all accrued and unpaid interest through and inclusive of
the Petition Date) in exchange for 12.08% of the New Common Stock
in the reorganized entity ('Reorganized Roust') subject to the
Existing Senior Secured Notes Equity Subscription, and (iv) the
right to participate in the Share Placement. Holders of the
Existing Convertible Notes will receive (i) 10.59% of the equity of
Reorganized Roust through a debt-to-equity conversion of the
Existing Convertible Notes (including all accrued and unpaid
interest through and inclusive of the date the Chapter 11 cases of
the Debtors are filed under chapter 11 of the Bankruptcy Code in
the Bankruptcy Court ('Chapter 11 Case'), (ii) 1.00% of the equity
in Reorganized Roust pursuant to the Additional Convertible Notes
Equity Allocation, (iii) the right to participate in the Share
Placement, and (iv) the right to participate in the Existing Senior
Secured Notes Equity Subscription."

A full-text copy of the findings of fact, conclusions of law, and
order approving the disclosure statement, the prepetition
solicitation procedure, and forms of ballots, and confirming the
amended and restated joint prepackaged Chapter 11 plan of Roust
Corporation, et al., dated Jan. 10, 2017, is available at:

         http://bankrupt.com/misc/nysb16-23786-41.pdf

                    About Roust Corporation

Roust Corporation, formerly Central European Distribution
Corporation -- http://www.roust.com/-- is a vodka producer.  The  

Company's business primarily involves the production and sale of
its own spirit brands, and the importation of a range of spirits
and wines.  It operates its business based upon three primary
segments: Poland, Russia and Hungary.  In Poland, its brand
portfolio includes Absolwent, Zubrowka, Zubrowka Biala, Soplica,
Bols and Palace brands.  Its other brands include Absolwent
Grapefruit, Absolwent Apple Mint, Zubrowka Zlota, Soplica Plum and
Soplica Blackcurrant.  It produces and sells vodkas primarily in
three vodka sectors: premium, mainstream and economy.  Its primary
operations are conducted in Poland, Russia, Ukraine and Hungary.
It has around six operational manufacturing facilities located in
Poland and Russia.  It also produces ready-to-drink alcoholic
beverages, such as wine-based Amore, gin-based Bravo Classic and
Elle.

On Dec. 30, 2016, Roust Corporation and three affiliated companies
each filed petitions seeking relief under chapter 11 of the U.S.
Bankruptcy Code.  The Debtors' cases have been assigned to Judge
Robert D. Drain.  The Debtors are seeking to have their cases
jointly administered (Bankr. S.D.N.Y. Lead Case No. 16-23786).
The petitions were signed by Grant Winterton, CEO.

The Debtors disclosed $1,373,863,812 in assets and liabilities of
$787,054,813 as of Nov. 30, 2016.

The Debtors are represented by attorneys Scott Simpson, Jay
Goffman, Mark McDermott, Mark Chehi and Sarah Pierce of Skadden
Arps Slate Meagher & Flom LLP.  The Debtors also tapped Houlihan
Lokey, Inc., as investment banker; and Epiq Bankruptcy Solutions,
LLC as claims and noticing agent.

                         *   *   *

The Debtors have filed a a Prepackaged Plan of Reorganization,
dated Dec. 1, 2016, a full-text copy of which is available for free
at http://bankrupt.com/misc/nysb16-23786-9.pdf The Plan  
contemplates these transactions: Holders of Existing Senior Secured
Notes will receive payment in full in the form of (i) new senior
secured notes due 2022 in the aggregate principal amount of $385
million at 10% interest payable semi-annually, commencing on
January 1, 2017 (the "New Senior Secured Notes"), (ii) cash
consideration of $20 million, (iii) a debt-to-equity conversion of
the remaining balance of the Existing Senior Secured Notes
(including all accrued and unpaid interest through and inclusive of
the Petition Date) in exchange for 12.08% of the new common stock
in Reorganized Roust (subject to the right of holders of Existing
Convertible Notes to subscribe for that same common stock, with the
proceeds of such subscription to be paid in cash to holders of
Existing Senior Secured Notes in lieu of such new common stock,
which is described in the Plan as the "Existing Senior Secured
Notes Equity Subscription") and (iv) the right to participate in
the $55 million offering of new common stock in Reorganized Roust
(the "Share Placement"), with the Existing Senior Secured Notes
Committee agreeing to backstop $5 million of the Share Placement.


RUXTON DESIGN: Taps Stephen Kleeman as Legal Counsel
----------------------------------------------------
Ruxton Build and Design, LLC seeks approval from the U.S.
Bankruptcy Court for the District of Maryland to hire legal
counsel.

The Debtor proposes to hire Stephen Kleeman, Esq., to give advice
regarding its duties under the Bankruptcy Code, and provide other
legal services related to its Chapter 11 case.  He will be paid an
hourly rate of $350 for his services.

Mr. Kleeman does not hold or represent any interest adverse to the
Debtor or its bankruptcy estate, according to court filings.

Mr. Kleeman maintains an office at:

     Stephen J. Kleeman, Esq.
     401 Washington Avenue, Suite 800
     Towson, MD 21204
     Phone: (410) 494-1220

                 About Ruxton Build and Design

Ruxton Build and Design, LLC sought protection under Chapter 11 of
the Bankruptcy Code (Bankr. D. Md. Case No. 17-10359) on January
10, 2017.  The case is assigned to Judge David E. Rice.  At the
time of the filing, the Debtor estimated assets and liabilities of
less than $1 million.


S-3 PUMP: BoW, Lenders Oppose Approval of Plan Outline
------------------------------------------------------
Bank of the West, a creditor of S-3 Pump Service Inc., has
criticized the company's revised disclosure statement explaining
its proposed Chapter 11 plan of reorganization.

In its filing with the U.S. Bankruptcy Court for the Western
District of Louisiana, the bank raised several objections, most of
which question the adequacy of information provided by the company
in its disclosure statement.

Bank of the West questioned, among other things, the lack of
information about claims that are still being investigated by the
company, saying those claims need to be identified.  It also
criticized the company for not providing "clear and consistent
information" about the nature and amount of claims to be paid.

"This information is necessary in order to make an informed
judgment about the plan," the bank said in the filing.

Bank of the West also mentioned the $325,087 note due from S-3
Power Sports Inc., which, the disclosure statement says, is the
"only potentially recoverable note receivable" from S-3 Pump
Service's affiliates.

"This statement makes it appear that the success of this Chapter 11
plan is largely contingent upon the personal financial condition of
Malcolm and Linda Sneed," the bank said, referring to S-3 Power
Sports owners.

"But without a disclosure of their present personal financial
condition, [the bank] cannot determine whether to vote for or
against the proposed plan," Bank of the West said.

The disclosure statement has also drawn flak from a group of
lenders including Transportation Alliance Bank Inc., Susquehanna
Commercial Finance Inc., and Republic Bank.  The lenders said the
document does not provide adequate information about the
restructuring plan.

Bank of the West is represented by:

     Curtis R. Shelton, Esq.
     Ayres, Shelton, Williams, Benson & Paine, LLC
     Suite 1400, Regions Tower
     333 Texas Street (71101)
     P.O. Box 1764
     Shreveport, LA 71166-1764
     Telephone: (318) 227-3500
     Direct Dial: (318) 227-3306
     Facsimile: (318) 227-3980
     Cell Phone: (318) 470-9010
     Email: curtisshelton@arklatexlaw.com

The lenders are represented by:

     Richard A. Aguilar, Esq.
     Mark J. Chaney, III, Esq.
     McGlinchey Stafford, PLLC
     601 Poydras Street, 12th Floor
     New Orleans, LA 70130
     Telephone: (504) 586-1200

                     About S-3 Pump Service

S-3 Pump Service, Inc., provider of high-pressure pumping service,
filed a Chapter 11 bankruptcy petition (Bankr. W.D. La. Case No.
16-10383) on March 4, 2016.  The petition was signed by Malcolm
H. Sneed, III, the president.  Judge Jeffrey P. Norman is assigned
to the case.

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

Blanchard, Walker, O'Quin & Roberts serves as the Debtor's counsel.


SAMSON RESOURCES: Unsecureds To Recoup Up to 7.5% Under Plan
------------------------------------------------------------
BankruptcyData reported that the U.S. Bankruptcy Court approved
Samson Resources' Disclosure Statement related to the Company's
Global Settlement Joint Chapter 11 Plan of Reorganization.

The Debtors' global settlement joint Chapter 11 plan of
reorganization provides that holders of Class 5 General Unsecured
Claims -- estimated at $2,423,818,350 -- are expected to recover
7.0% to 7.5%.

In particular, the Plan provides for unsecured creditors to receive
the proceeds of certain causes of action and $168,500,000 in cash
(which will increase to $180,000,000 in certain circumstances) to
be funded from the proceeds of sales of Unencumbered Assets, new
money from the Second Lien Lenders to be raised through a
fully-backstopped rights offering for New Common Stock, and a
letter of credit. The projected recovery for this class is 7%-7.5%.
In addition, the Plan provides for the Settlement Trust to receive
the Contingent Value Right, which is the right to receive the first
Net Sale Proceeds in excess of $350,000,000, up to $11,500,000, if
(a) on or before June 30, 2017, an agreement is reached to sell
directly or indirectly all or substantially all of the Reorganized
Debtors' assets, (b) such agreement is consummated, and (c) such
agreement produces Net Sale Proceeds to the Reorganized Debtors in
excess of $350,000,000.

Jeff Montgomery, writing for Law360, reported that a $60 million
backstop plan for a stock offering described as key to Samson
Resources's compromise Chapter 11 reorganization cleared a Delaware
bankruptcy court, paving the way to creditor voting and a plan
confirmation hearing next month.  U.S. Bankruptcy Judge Christopher
S. Sontchi approved the agreement with few comments, after it was
presented without dissent by attorneys for Samson, Law360 said.

On the Initial Effective Date, or as soon thereafter as reasonably
practicable, except to the extent that a holder of an Allowed
General Unsecured Claim agrees to less favorable treatment, in full
and final satisfaction, compromise, settlement, release, and
discharge of and in exchange for each Allowed General Unsecured
Claim, each holder of an Allowed General Unsecured Claim will
receive its pro rata distribution of the beneficial interests in
the settlement trust, entitling the holder to receive settlement
trust recovery proceeds on account of interests; provided that, on
the Initial Effective Date, each holder of a second lien deficiency
claim will be deemed to have waived any recovery from the
settlement trust on account of and receive no distribution under
the Plan with respect to the Second Lien Deficiency Claim; provided
further that the sponsors will not be entitled to any recovery
under the Plan and will receive no distribution on account of the
Sponsor Management Fee Claims, which Sponsor Management fee Claims
shall either be (i) waived and released by the applicable Sponsors
or (ii) Allowed as General Unsecured Claims and contributed by the
sponsors to the settlement trust.

The Reorganized Debtors will use the net cash proceeds of the asset
sales to fund distributions to certain holders of claims against
the Debtors.  Unless otherwise agreed to by the Debtors, the Second
Lien Steering Committee, the Committee, and the First Lien Agent,
the net cash proceeds of the Prepetition Collateral included in the
asset sales will be used: (a) first, to satisfy the First Lien Cash
Recovery; and (b) second, (i) to make other Cash payments required
to be paid by the Reorganized Debtors under the Plan, including
payments to fund the Professional Fee Escrow, and (ii) for working
capital purposes of the Reorganized Debtors.  

As reported by the Troubled Company Reporter on Jan. 6, 2017, the
Official Committee of Unsecured Creditors filed with the Court a
specific disclosure statement dated Dec. 28, 2016, for the second
amended joint Chapter 11 plan for the Debtors.  Under that plan,
holders of Class 5 General Unsecured Claims estimated at $2.4
billion are expected to recover between 4.6% and 30.9%.

BankruptcyData reported that the Plan provides that, "In
particular, the Plan provides for unsecured creditors to receive
the proceeds of certain causes of action and $168,500,000 in cash
(which will increase to $180,000,000 in certain circumstances) to
be funded from the proceeds of sales of Unencumbered Assets, new
money from the Second Lien Lenders to be raised through a
fully-backstopped rights offering for New Common Stock, and (if
necessary) a letter of credit. In addition, the Plan provides for
the Settlement Trust to receive the Contingent Value Right, which
is the right to receive the first Net Sale Proceeds in excess of
$350,000,000, up to $11,500,000, if (a) on or before June 30, 2017,
an agreement is reached to sell directly or indirectly all or
substantially all of the Reorganized Debtors' assets, (b) such
agreement is consummated, and (c) such agreement produces Net Sale
Proceeds to the Reorganized Debtors in excess of $350,000,000."

Under the plan:

   (i) the First Lien Lenders will receive a full recovery,
distributed in Cash (including proceeds from Asset Sales, if any)
and new secured debt;

  (ii) the Second Lien Lenders will receive all of the equity in
the Reorganized Debtors (subject to dilution under the Management
Incentive Plan, the Rights Offering, and the Backstop Fee);
and

(iii) a trust will be established to receive and then distribute
Cash to, and prosecute certain causes of action for the benefit of,
holders of General Unsecured Claims (excluding the Second Lien
Deficiency Claims).

As reported on Jan 6, 2017, the Official Committee of Unsecured
Creditors of Samson Resources Corporation, et al.,filed with the
Court a joint disclosure statement for the Debtors' second amended
joint Chapter 11 plan of reorganization,  which stated that Class 5
General Unsecured Claimants were expected to recover between 4.6%
and 30.9% under the plan.

The Reorganized Debtors will fund distributions under the Plan as
follows:

   (a) Cash on hand;
   (b) asset sales;
   (c) insurance and distribution of new common stock;
   (d) exit facility;
   (e) rights offering;
   (f) contribution of settlement trust assets and;
   (g) sponsor management free claims.

A full-text copy of the disclosure statement dated Jan. 11, 2017,
is available at:

          http://bankrupt.com/misc/deb15-11934-1858.pdf

A full-text copy of the disclosure statement dated Jan. 13 is
available at:

          http://bankrupt.com/misc/deb15-11934-1884.pdf

                About Samson Resources Corporation

Samson Resources Corporation, et al., filed Chapter 11 bankruptcy
petitions (Bankr. D. Del. Lead Case No. 15-11934) on Sept. 16,
2015.  Philip W. Cook, the executive vice president and CFO,
signed the petition.  The Debtors estimated assets and liabilities
Of more than $1 billion.

Samson is an onshore oil and gas exploration and production company
with interests in various oil and gas leases primarily located in
Colorado, Louisiana, North Dakota, Oklahoma, Texas, and Wyoming.
The Operating Companies operate, or have royalty or working
interests in, approximately 8,700 oil and gas production sites.

Samson was acquired by KKR and Crestview from Charles Schusterman
in December 2011 for approximately $7.2 billion.  The investor
group provided approximately $4.1 billion in equity investments as
part of the purchase price.

Kirkland & Ellis LLP represents the Debtors as general counsel.
Klehr Harrison Harvey Branzburg LLP is the Debtors' local counsel.

Alvarez & Marsal LLC acts as the Debtors' financial advisor.
Blackstone Advisory Partners L.P. serves as the Debtors' Investment
banker.  Garden City Group, LLC, serves as claims and noticing
agent to the Debtors.

Andrew Vara, acting U.S. trustee for Region 3, appointed three
creditors of Samson Resources Corp. and its affiliated debtors to
serve on the official committee of unsecured creditors.  The
Committee has tapped White & Case LLP as counsel and Farnan LLP as
local counsel.

                            *     *     *

In September 2016, Judge Sontchi denied Samson Resources' Motion
for extension of their exclusive periods to file and solicit
acceptances of their chapter 11 plan.  Samson sought an extension
of its exclusivity period by another six months through March
2017.

The Debtors have filed a plan of reorganization.  The Creditors'
Committee has filed a competing plan of liquidation.


SANCHEZ ENERGY: S&P Puts 'B' ICR on CreditWatch Positive
--------------------------------------------------------
S&P Global Ratings placed its ratings on Sanchez Energy Corp.,
including its 'B' issuer credit rating, on CreditWatch with
positive implications.

The 'B-' issue-level rating on the company's senior unsecured debt
is also on CreditWatch with positive implications.  The recovery
rating on this debt remains '5' indicating S&P's expectation of
modest (lower end of the 10%-30% range) recovery in the event of a
payment default.

The CreditWatch placement follows Sanchez's decision to enter into
a 50/50 partnership with funds managed by Blackstone Energy
Partners to acquire 155,000 net acres, including an estimated
300 million barrels of oil equivalent (boe), in the Eagle Ford
shale from Anadarko Petroleum for about $2.3 billion.  The
properties are located adjacent to Sanchez's existing Eagle Ford
operations.  Sanchez intends to fund its portion of the
acquisition, about $1.14 billion, with $394 million cash on hand,
and a combination of $744 million of proceeds from preferred stock
and revolving credit facility proceeds (nonrecourse to Sanchez
Energy) at a newly created, wholly owned, unrestricted subsidiary.
S&P initially expects to consolidate the new unrestricted
subsidiary with Sanchez Energy.

The CreditWatch placement reflects the potential that S&P could
raise ratings one notch at the close of the transaction.  Sanchez
will benefit from the increased scale of operations from the
acquisition, adding 150 million boe reserves and about 33,500
barrels per day equivalent of production from its share of the
acquisition.  In addition, core leverage ratios could improve based
on higher cash flows a result of the acquisition.  However, several
variables such as estimated operating costs, capital expenditures,
and expected pace of debt repayment at the unrestricted subsidiary
are unknown at this time.  As a result, S&P could affirm ratings if
expected core ratios do not materially improve above 12% funds from
operations (FFO)/debt.

S&P intends to resolve the CreditWatch around the close of the
transaction, expected during the first quarter of 2017.  S&P could
raise ratings if it expects Sanchez to maintain average FFO/debt
around the mid-point of the aggressive category, 16%, and
debt/EBITDA below 5x.  However, if core ratios fail to meet those
levels, S&P could affirm the ratings.


SCOTT A. BERGER: Has Until March 8 to Use Cash Collateral
---------------------------------------------------------
Judge Erik P. Kimball of the U.S. Bankruptcy Court for the Southern
District of Florida authorized Scott A. Berger, M.D., P.A., to use
cash collateral on an interim basis, until March 8, 2017.

The Debtor's secured creditor is granted a postpetition security
interest and lien, of the same validity, extent and priority as the
secured creditor's prepetition security interests, in the secured
creditor's prepetition collateral in and to all proceeds from the
disposition of any cash collateral, and any and all of its goods,
property, assets and interests in property in which the secured
creditor held a lien or security interest prior to the Petition
Date.

The adequate protection provided to the secured creditor is subject
to the fees due to the clerk of the Court or the U.S. Trustee.

A status conference on the Debtor's Motion is scheduled on March 8,
2017, at 2:00 p.m.

A full-text copy of the Order, dated Jan. 11, 2017, is available at

http://bankrupt.com/misc/ScottABerger2016_1619155epk_98.pdf

             About Scott A. Berger, M.D., P.A.

Scott A. Berger, M.D., PA, a/k/a Pain Management Consultants of
South Florida, a/k/a Pain Management Consultants of West Boca,
filed for Chapter 11 bankruptcy protection (Bankr. S.D. Fla. Case
No. 16-19155) on June 29, 2016.  The petition was signed by Scott
A. Berger, MD, director.  The Debtor is represented by Tarek K.
Kiem, Esq., at Rappaport Osborne Rappaport & Kiem, PL.  The case is
assigned to Judge Erik P. Kimball.  The Debtor estimated assets at
$100,000 to $500,000 and debt at $1 million to $10 million at the
time of the filing.

The Debtor is based in 9970 Central Park Blvd #401, Boca Raton,
Florida.


SEBRING MANAGEMENT: Plan Administrator Hires Morgan & Morgan
------------------------------------------------------------
Carol Fox, the Plan Administrator of Sebring Management FL, LLC, et
al., seeks authority from the U.S. Bankruptcy Court for the Middle
District of Florida to employ Morgan & Morgan, P.A. as special
counsel to the Plan Administrator.

On September 19, 2016, Shumaker Loop & Kendrick, LLP filed its
Final Application for Compensation for Services Rendered and
Reimbursement of Expenses as Counsel to the Debtors for the Period
from August 13, 2015 to August 12, 2016 seeking compensation for
services rendered and reimbursement of expenses in the total amount
of $525,795.

The Plan Administrator seeks to retain Morgan in regard to the
investigation and potential prosecution of claims against Shumaker
Loop, and certain individual attorneys employed by Shumaker Loop,
in connection with potential legal malpractice and breaches of
fiduciary duty claims the estate may have against Shumaker Loop.

Morgan will be paid as follows:

   a. Morgan will receive 30% of the Gross Value of any
      Recovery, if the Shumaker Loop's Claim settles prior to the
      filing of a complaint.

   b. If settlement of the Shumaker Loop's Claims occurs after
      the filing of a complaint, the Morgan Firm will receive 33
      1/3% of Gross Value of any Recovery.

   c. After the commencement of trial, Morgan will receive 38% of
      the Gross Value of any Recovery.

   d. Notwithstanding any of the terms of the Plan, upon
      Bankruptcy Court approval, the (i) contingency fees to
      Morgan set forth, and (ii) all MidMarket prior-
      approved costs, as provided for in Morgan's engagement
      letter shall be paid prior to the payment to MidMarket of
      the $150,000 provided for in the Plan. After MidMarket has
      been repaid the 150,000, plus interest on said amount at
      the rate of ten percent per annum, accruing from the
      effective date of the Plan, the proceeds shall then be
      divided in accordance with the terms of the Plan.

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

Mordechai Korf, member of Morgan & Morgan, P.A., assured the Court
that the firm is a "disinterested person" as the term is defined in
Section 101(14) of the Bankruptcy Code and does not represent any
interest adverse to the Debtors and their estates.

Morgan can be reached at:

     Mordechai Korf, Esq.
     MORGAN & MORGAN, P.A.
     20 North Orange Ave, Suite 1600
     Orlando, FL 32801
     Tel: (407) 410-1414

                   About Sebring Management

Clearwater, Florida-based Sebring Management FL, LLC, and its three
affiliates sought protection under Chapter 11 of the Bankruptcy
Code on Aug. 23, 2015 (Bankr. M.D. Fla., Case No. 15-08589). The
Debtors were represented by Jay B Verona, Esq., at Shumaker, Loop &
Kendrick, LLP, in Tampa, Florida.

In its petition, the Debtor estimated $100,000 to $500,000 in
assets and $10 million to $50 million in liabilities. The petition
was signed by Leif W. Anderson, chief executive officer.

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

                          *     *     *

On May 19, 2016, the Debtors filed the Plan of Orderly Liquidation.
The Plan was amended on July 6, 2016.  On July 18, the Court
entered the Amended Findings of Fact, Conclusions of Law, and Order
(I) Approving the Disclosure Statement on a Final Basis, and (II)
Confirming the Joint Plan of Orderly Liquidation.  Pursuant to the
Confirmation Order, and as requested in the Plan, Carol Fox was
appointed Plan Administrator of the Debtors' Estates.  The
Effective Date of the Plan occurred on August 12, 2016.


SHEEHAN PIPE LINE: EisnerAmper's Phillips Appointed as Advisor
--------------------------------------------------------------
On Dec. 30, 2016, the Bankruptcy Court for the Northern District of
Oklahoma appointed EisnerAmper Bankruptcy practice director Joseph
Myers as Trustee and partner, Edward Phillips as Financial Advisor
to the Trust, in the Sheehan Pipe Line bankruptcy.

Sheehan Liquidating Trust will be responsible for winding down the
assets of the Estate and making future distributions to the
Unsecured Creditors.  In their capacities in the Trust, Myers and
Phillips will take legal action related to Chapter 5 causes of
actions and provide all necessary analysis to support these
actions.

The case was originally filed April 15, 2016 and the Plan of
Reorganization was confirmed on Dec. 30 of 2016.  Geoff Goodman of
Foley & Lardner, along with Sam Ory of Frederic Dorwart,
represented the Official Committee of Unsecured Creditors.  Gary
McDonald of McDonald, McCann, Metcalf & Carwile, LLP represented
the debtor entity.

                     About EisnerAmper LLP's
                 Bankruptcy and Restructuring Group

EisnerAmper LLP's Bankruptcy and Restructuring Group provides
restructuring and investigative advisory services to distressed
companies, unsecured creditors, senior lenders and trustees in the
middle-market environment.  Its team is staffed with CPAs, CFEs,
CIRAs, CTPs, valuation experts, tax advisors and strategy
consultants.

                     About Sheehan Pipe Line

Sheehan Pipe Line Construction Company, a contractor that
constructs pipelines in various states across the country, filed a
voluntary petition for relief under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. N.D. Okla. Case No. 16-10678) on April 15,
2016, listing total assets of $90.2 million and total debt of $68.4
million.  The petition was signed by Robert A. Riess, Sr., as
president and CEO.  The case is pending before Judge Terrence L.
Michael.   

Mary E. Kindelt, Esq., Chad J. Kutmas, Esq., and Gary M. McDonald,
Esq., at McDonald, McCann & Metcalf & Carwile, LLP, serves as
counsel to the Debtor.  

The U.S. trustee for Region 20 appointed six creditors of Sheehan
Pipe Line Construction Company to serve on the official committee
of unsecured creditors.  The committee members are: (1) Central
States, Southeast & Southwest; (2) Foley & Lardner; (3) Fred
Dorwart Attorneys; (4) Ohio-West Virginia Excavating Co.; (5)
Cleveland Brothers Equipment Co., Inc.; and (6) Cecil I. Walker
Machinery Co.

Lawyers at Foley & Lardner LLP represent the creditors' committee.


SILVERSEA CRUISE: Moody's Hikes Secured Notes Rating to B2
----------------------------------------------------------
Moody's Investors Service upgraded Silversea Cruise Finance Ltd.
senior secured notes rating to B2 from B3. At the same time,
Moody's affirmed Silversea's Corporate Family Rating ("CFR") at B2
and Probability of Default Rating ("PDR") at B3-PD. The rating
outlook remains stable.

The revision in Silversea's senior secured notes rating is as a
result of a change in the pro forma capital structure where the
senior secured notes will no longer be subordinated to the
committed ship financing associated with the Silver Muse. Silversea
now intends to raise $550 million in senior secured notes (an
increase from the original transaction size of $275 million). The
incremental proceeds will be used to refinance the Silver Muse New
Build Ship loan. As a result, the senior secured notes will no
longer be junior to the Silver Muse New Build Ship loan and will
reflect the preponderance of the capital structure. The senior
secured notes rating is now at the same level as the Corporate
Family Rating. The affirmation of the B2 Corporate Family Rating
acknowledges that the new structure will result in only $5 million
of incremental debt and the incremental earnings from the Silver
Muse launch continues to support an improvement in credit metrics
despite there no longer being any expected debt repayment.

The following rating is upgraded:

  $550 million (originally $275 million) backed senior secured
  notes due 2025 to B2, LGD 3 from B3, LGD 4

The following ratings are affirmed:

  Corporate Family Rating at B2

  Probability of Default Rating at B3-PD

  Outlook, Remains Stable

RATINGS RATIONALE

Silversea's B2 CFR acknowledges the high collateral value
associated with the company's portfolio of owned ships relative to
its debt levels which has resulted in Moody's using a 65% family
recovery rate (compared to a 50% recovery rate which is typically
used in similar capital structures). It also reflects Silversea's
well recognized brand name in the luxury and expedition segments of
the cruise industry, its forward revenue visibility and ability to
change itineraries based upon demand. The B2 CFR acknowledges that
the launch of the Silver Muse in April 2017 will greatly benefit
earnings and should drive earnings growth and support an
improvement in leverage and coverage over the next twelve to
eighteen months. However, Silversea's debt to EBITDA and EBITA to
interest expense are currently weak and will remain weak for the B2
CFR for the next eighteen months, which constrains the rating.
Moody's estimates that Silversea's debt to EBITDA will be below
7.0x and EBITA to interest expense will be well below 1.0x at the
end of fiscal 2017. Silversea's B2 CFR is also constrained by its
weak EBIT margins, small scale and narrow business profile which
essentially focuses on the luxury and expedition segments of the
cruising industry. Given Silversea's small scale it has more
exposure to geopolitical conflicts which inhibit travel in a
particular region such as those recently experienced in the Eastern
Mediterranean. However, given Silversea's luxury focus it is less
exposed to variability in consumer spending. Moody's views
Silversea's as having a good liquidity profile but notes that its
liquidity is being bolstered by the excess cash being put on
balance sheet following the $550 million notes offering.

Given the high collateral value associated with the company's
portfolio of owned ships relative to its debt levels, Moody's used
a 65% family recovery rate which results in a B3-PD PDR which
Moody's believes is supported by Silverseas current weak credit
metrics, low EBITA margins, and recent earnings softness as a
result of geopolitical events impacting demand for cruises in the
Eastern Mediterranean. The proposed $550 million senior secured
notes are rated B2 at the same level as Silversea's CFR of B2 as
the notes represent the preponderance of the capital structure.
While the senior secured notes have a first lien on the same
collateral as the revolving credit facility, they are junior to the
revolving credit facility in terms of payment.

The stable outlook reflects that Moody's expects the launch of the
Silver Muse in April 2017 to support a notable growth in EBITDA and
improvement in credit metrics.

Ratings could be downgraded should Silversea's be unable to reduce
debt to EBITDA to below 7.0x by the end of fiscal 2017 while
maintaining EBITDA less maintenance capital expenditures to
interest expense above 1.0x. Ratings could also be downgraded
should Silversea's liquidity profile weaken.

Given the weakness in Silversea's current credit metrics, an
upgrade is unlikely at the present time. Ratings could be upgraded
should Silversea's maintain debt to EBITDA below 4.5x and EBITA to
interest expense above 1.75x.

Silverseas Cruise Finance Ltd, is a wholly owned subsidiary of
Silversea Cruise Holding Ltd. It is a leading ultra-luxury and
expedition focused cruise line which operates 8 ships at December
31, 2016. It is ultimately wholly owned by its founding family (the
Lefebvre Family). Annual revenues are over $460 million.


SKYLINE CORP: Grants 18,000 Stock Options to President and CEO
--------------------------------------------------------------
Skyline Corporation's president and chief executive officer,
Richard W. Florea, was granted 18,000 options for common stock
pursuant to Skyline Corporation's 2015 Stock Incentive Plan.  The
options will vest in five equal installments of 3,600 shares
annually on Jan. 10, 2018, 2019, 2020, 2021 and 2022.  In addition,
the option exercise price is $14.90, and the options have an
expiration date of Jan. 10, 2027.

Mr. Florea was also granted 12,000 shares of restricted stock
pursuant to the 2015 SIP.  The restricted stock will vest on Jan.
10, 2022.

                       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.

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.

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.


SKYLINE EMS: Wants Approval to Use IRS Cash Collateral
------------------------------------------------------
Skyline EMS, Inc., asks the U.S. Bankruptcy Court for the Southern
District of Texas for authorization to use cash collateral.

The Debtor believes that the Internal Revenue Service holds a lien
on accounts receivables because of its claims for 941 trust taxes.
The Debtor relates that the IRS levied on over $30,000 of the
Debtor's revenue from Medicare.

The Debtor says that its accounts receivables have increased to
$1,012,401.  The Debtor asserts that its accounts receivables are
enough to pay off the alleged IRS tax claims, almost three time
over.

The Debtor tells the Court that it needs to use the IRS' cash
collateral to pay for operating expenses such as payroll and
insurance.  The Debtor further tells the Court that it also needs
to use cash collateral to pay for the professionals employed by
it.

The Debtor's proposed Monthly Operating Budget provides for total
expenses in the amount of $104,406.

Although the Debtor contends that the IRS' equity cushion in the
collateral is more than sufficient adequate protection, the Debtor
proposes to grant the IRS a replacement perfected security interest
to the extent the IRS' cash collateral is used by the Debtor, and
to the extent and with the same priority in the Debtor's
postpetition collateral, and proceeds thereof, that the IRS held in
the prepetition collateral.

A full-text copy of the Debtor's Motion, dated Jan. 11, 2017, is
available at http://bankrupt.com/misc/SkylineEMS2016_1670551_9.pdf

                  About Skyline EMS, Inc.

Skyline EMS, Inc., is a Texas Corporation based in Alton, Texas
which owns significant personal property, ambulances and emergency
response medical equipment, necessary to operate its emergency
patient transportation business. The Debtor is not a health care
provider.

Skyline EMS, Inc., filed a chapter 11 petition (Bankr. S.D. Tex.
Case No. 16-70551) on Dec. 24, 2016.  The petition was signed by
Maria Isabel Rodriguez, president and sole owner.  The Debtor is
represented by Antonio Martinez, Jr., Esq., at the Law Office of
Antonio Martinez, Jr., P.C.  The Debtor estimated assets and
liabilities at $0 to $50,000 at the time of the filing.


SPENCER TRANSPORTATION: Wants to Use Cash Collateral for 30 Days
----------------------------------------------------------------
Spencer Transportation, LLC, asks the U.S. Bankruptcy Court for the
Northern District of Alabama for authorization to use cash
collateral, for a period of 30 days.

The Debtor relates that all but one of its trucks and trailers are
pledged as collateral to various lenders.  The Debtor further
relates that Commercial Credit Group, Inc. appears to have a senior
security interest in the Debtor's assets, including accounts and
receivables.  The Debtor adds that there are several finance
companies from which it borrowed in the year leading up to its
bankruptcy, which may also have a junior interest in its
receivables and accounts.

The Debtor tells the Court that as of Jan. 4, 2017, it had no
accounts receivable and had an operating account balance, net of
outstanding checks, which is believed to be less than $100.  The
Debtor further tells the Court that the operating account balance
is likely collateral of Commercial Credit Group.

The Debtor contends that it needs to use cash from its pre-petition
operating account to fund its ongoing operations, provide adequate
protection payments, and any other ordinary course expenses.

The Debtor further contends that it is willing to provide a
replacement security interest in post-petition accounts receivable
and cash equal to the pre-petition cash collateral balance of
approximately $100.

A full-text copy of the Debtor's Motion, dated Jan. 11, 2017, is
available at
http://bankrupt.com/misc/SpencerTransportation2017_1770012jhh11_18.pdf

Commercial Credit Group, LLC, can be reached at:

          COMMERCIAL CREDIT GROUP, LLC
          P.O. Box 60121
          Charlotte, NC 28260-0121

                About Spencer Transportation

Spencer Transportation, LLC, filed a chapter 11 petition (Bankr.
N.D. Ala. Case No. 17-70012) on Jan. 4, 2017.  The petition was
signed by Dwayne F. Haney, manager.  The Debtor estimated assets at
$0 to $50,000 and liabilities at $500,001 to $1 million at the time
of the filing.  The Debtor is represented by Lee R. Benton, Esq.,
at Benton & Centeno, LLP.


STAR GAS: Egan-Jones Hikes Sr. Unsecured Ratings to BB-
-------------------------------------------------------
Egan-Jones Ratings, on Jan. 11, 2017, upgraded the senior unsecured
ratings on debt issued by Star Gas Partners LP to BB- from B+.

Star Gas Partners is a full service energy provider specializing in
the sale of home heating products and services to residential and
commercial customers.


STONEMOR PARTNERS: S&P Affirms B- Rating on Sr. Unsecured Debt
--------------------------------------------------------------
S&P Global Ratings said that it has reviewed its recovery and
issue-level ratings for StoneMor Partners 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 affirmed the 'B-' rating on
the senior unsecured notes and revised the recovery rating to '3'
from '4'.  The '3' recovery rating indicates expectations for
meaningful (50%-70%, in the high end of the range) recovery in a
default.  At the same time, S&P affirmed the 'B+' rating on the
senior secured revolving credit facility.  The recovery rating
remains '1', indicating expectations of very high (90%-100%)
recovery in a default.

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

RATINGS List

StoneMor Partners L.P.
Corporate Credit Rating         B-/Stable/--

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

                                 To               From

StoneMor Partners L.P.
Cornerstone Family Services of West Virginia Subsidiary Inc.
Senior Unsecured                B-               B-
  Recovery Rating                3H               4L

Issue Ratings Affirmed; Recovery Ratings Unchanged

StoneMor Operating LLC
Senior Secured                  B+
  Recovery Rating                1


SUN PROPERTY: Plan Filing Deadline Extended Through July 12
-----------------------------------------------------------
Judge Louis A. Scarcella of the U.S. Bankruptcy Court for the
Eastern District of New York extended Sun Property Consultants,
Inc.'s exclusive periods for filing a chapter 11 plan and
soliciting acceptances to the plan to July 12, 2017 and September
11, 2017, respectively.

The Troubled Company Reporter had earlier reported that the Debtor
asked the Court to extend its exclusivity periods relating that it
had been reviewing substantial document production that was
received from StanCorp Investors LLC, the first mortgagee; TD Bank,
the prior first mortgagee; and Howard Greenberg, who purportedly
represented the Debtor in certain financial transactions.  

The Debtor contended that after reviewing those documents it has
determined that it may have a viable claim to pursue the recovery
of funds from TD Bank as it was paid the sum of approximately
$4,350,000 from the financing between the Debtor and StanCorp
Investors LLC. The Debtor further contended that the transfer may
be a fraudulent conveyance as there was no basis for the first
mortgage granted by the Debtor to TD Bank in or about 2003.

The Debtor also has filed an application with the Court to disallow
the Proof of Claim filed by Atalaya Asset Income Fund II LP, and
asserted that the motion was returnable before the Court on
December 1, 2016 for which an evidentiary hearing may be required.
Consequently, the Court had entered a Scheduling Order to provide
for discovery. The Debtor also told the Court that in order for it
to form a Plan of Reorganization, it will need at least a
determination as to the claim of Atalaya Asset Income Fund II LP
and a further evaluation of the potential litigation against TD
Bank.

             About Sun Property Consultants, Inc.

Sun Property Consultants, Ltd., sought protection under Chapter 11
of the Bankruptcy Code (Bankr. E.D.N.Y. Case No. 16-72267) on May
23, 2016. The petition was signed by Rajesh K. Singh, authorized
representative. The Debtor is represented by Marc A. Pergament,
Esq., at Weinberg, Gross & Pergament LLP. The case is assigned to
Judge Louis A. Scarcella. At the time of the filing, the Debtor
estimated its assets at $10 million to $50 million and debt at $1
million to $10 million.

No Official Committee of Unsecured Creditors has been appointed in
the case.


SUNOCO LP: S&P Lowers CCR to 'BB-'; Outlook Negative
----------------------------------------------------
S&P Global Ratings said it lowered its corporate credit rating on
Sunoco L.P. to 'BB-' from 'BB'.  The outlook is negative.

At the same time, S&P reviewed the recovery ratings on Sunoco L.P.
that were labeled under criteria review after publishing the
revised recovery criteria on Dec. 7, 2016.  With S&P's review
complete, it is removing the UCO designation from these ratings.

The negative outlook reflects S&P's belief that Sunoco's credit
metrics will remain pressured, with debt to EBITDA in the 5.75x to
6x range.  The outlook also reflects the partnership's high cost of
equity capital, limited cushion under financial covenants, and the
risk of margin compression at its retail and wholesale business
segments.

S&P lowered the issue-level rating on the partnership's senior
unsecured debt to 'B+' from 'BB-' and left the recovery rating of
'5' unchanged.  The '5' recovery rating reflects S&P's expectation
of modest (10%-30%; upper half of the range) recovery in the event
of a payment default.

S&P also affirmed Sunoco's senior secured issue rating of 'BB' and
revised the recovery rating to '2' from '3'.  The '2' recovery
rating reflects S&P's expectation of substantial (70%-90%; lower
half of the range) recovery in the event of a default.

"The negative outlook reflects our belief that Sunoco's credit
metrics will remained pressured, with debt to EBITDA in the 5.75x
to 6x range," said S&P Global Ratings credit analyst William
Grande.  "The outlook also reflects the partnership's high cost of
equity capital, limited cushion under financial covenants, and the
risk of margin compression at its retail and wholesale business
segments."

S&P could lower the rating if Sunoco is unable to execute on its
strategy to reduce financial leverage, or if operational
performance is weaker than expected, such that debt to EBITDA
continues to be in the 6x area, with no clear path to improvement.

S&P could revise the outlook to stable if Sunoco can maintain
adequate liquidity and successfully reduce leverage, such that S&P
has confidence that total debt to EBITDA consistently remains below
5.5x.


SUNPOWER BY RENEWABLE: Has Until March 10 to File Chapter 11 Plan
-----------------------------------------------------------------
Judge Laurel E. Davis of the U.S. Bankruptcy Court for the District
of Nevada extended Sunpower by Renewable Energy Electric, Inc.'s
exclusive periods for filing a chapter 11 plan and soliciting votes
on the plan, through March 10, 2017 and May 9, 2017, respectively.

Absent the extension, the Debtor's exclusive plan filing period
would have expired on December 10, 2016.  The Debtor's exclusive
solicitation period was set to expire on February 8, 2017.

The Debtor previously sought the extension of its exclusive
periods, telling the Court that it sought the extensions to:

     (a) avoid premature formulation of a chapter 11 plan, and

     (b) ensure the plan that is eventually formulated will take
into account all the interests of the Debtor and its creditors.

The Debtor further told the Court that the emergency nature by
which the Debtor filed its Petition, the complexity of the issues
of its chapter 11 case, and the ongoing negotiations with its
creditors justify the grant of an extension of the exclusive
periods.

The Debtor contended that in order to successfully resolve its
chapter 11 case, the true scope of the Debtor's losses in the
current market must be determined and the payment of valid debts
must be provided for on a basis that preserves the Debtor's strong
core business operations.  The Debtor asserted that although great
strides had been made since the Petition Date, much remains to be
done.  The Debtor further contended that negotiations with the
Debtor's lenders and Sunflower Corporation still remained in the
early stages and were ongoing.  The Debtor added that the
resolution of the issues was a necessary predicate to the
confirmation of any plan of reorganization in its Chapter 11 case.

        About Sunpower by Renewable Energy Electric, Inc.

Sunpower by Renewable Energy Electric, Inc., fdba V.E.C. Inc., fdba
Renewable Energy Electric, Inc., based in 7180 Dean Martin Drive,
Suite 100, Las Vegas, Nevada, filed a chapter 11 petition (Bankr.
D. Nev. Case No. 16-14459-led) on August 12, 2016. The petition was
signed by Jason M. Vita, president.

The case is assigned to Judge Laurel E. Davis.  The Debtor is
represented by Samuel A. Schwartz, Esq. and Bryan A. Lindsey, Esq.,
at Schwartz Flansburg PLLC.

The Debtor is a solar energy company and provides solar energy
services, including the assessment and installation of solar panels
to residential and commercial customers in Nevada, Arizona and
California.

At the time of filing, the Debtor estimated assets at $1 million to
$10 million and liabilities at $1 million to $10 million.  A list
of the Debtor's 11 unsecured creditors is available for free at
http://bankrupt.com/misc/nvb16-14459.pdf    


TAMARACK DEVELOPMENT: Taps Wardrop & Wardrop as Legal Counsel
-------------------------------------------------------------
Tamarack Development Associates, LLC seeks approval from the U.S.
Bankruptcy Court for the Western District of Michigan to hire legal
counsel in connection with its Chapter 11 case.

The Debtor proposes to hire Wardrop & Wardrop, P.C. to give advice
regarding its duties under the Bankruptcy Code, and provide other
legal services.

The hourly rates charged by the firm are:

     Partners       $375
     Associates     $250
     Paralegals     $100

Robert Wardrop II, Esq., disclosed in a court filing that his firm
is "disinterested" as defined in section 101(14) of the Bankruptcy
Code.

The firm can be reached through:

     Robert F. Wardrop II, Esq.
     Denise D. Twinney, Esq.
     Wardrop & Wardrop, P.C.
     300 Ottawa Avenue, NW, Suite 150
     Grand Rapids, MI 49503
     Phone: (616) 459-1225
     Email: robb@wardroplaw.com
     Email: denise@wardroplaw.com

             About Tamarack Development Associates

An involuntary Chapter 11 petition was filed against Tamarack
Development Associates, LL (Bankr. W.D. Mich. Case No. 16-06117),
on December 6, 2016.  The petition was filed by Comodore Homes LLC,
FC Real Estate Retirement Plan, and Howard Melam Family Limited.
The petitioning creditors are represented by Frederick R. Bimber,
Esq., at Frederick R. Bimber, P.C.

The case is assigned to Judge James W. Boyd.

No trustee, examiner or committee of unsecured creditors has been
appointed in the Debtor's case as of Jan. 10, 2017.


THREE AMIGOS: Hires David Carlebach as Attorney
-----------------------------------------------
Three Amigos SJL Rest, Inc., seeks authorization from the U.S.
Bankruptcy Court for the Southern District of New York to employ
the Law Offices of David Carlebach, Esq., as attorney for the
Debtor, nunc pro tunc to November 28, 2016.

The Debtor requires the Firm to:

      a. advise the Debtor with respect to its powers and duties as
a debtor-in- possession;

      b. assist the Debtor in the preparation of its schedules of
assets and liabilities, statements of financial affairs and other
reports and documentation required pursuant to the Bankruptcy Code
and the Bankruptcy Rules;

      c. represent the Debtor at all hearings on matters pertaining
to its affairs as a debtor-in-possession;

      d. prosecute and defend litigated matters that may arise
during this Chapter 11 case;

      e. counsel and represent the Debtor in connection with the
assumption or rejection of executory contracts and leases,
administration of claims and numerous other bankruptcy-related
matters arising from this Chapter 11 case;

      f. counsel the Debtor with respect to various general and
litigation matters relating to this Chapter 11 case;

      g. assist the Debtor in obtaining approval of a disclosure
statement, confirmation of a plan of reorganization, and all other
matters related thereto; and

      h. perform other legal services that are necessary and
desirable for the efficient and economic administration of the
Debtor's Chapter 11 case.

The Firm's lawyers who will work on the Debtor's case and their
hourly rates are:

      David Carlebach, Esq., member     $450
      Ira R. Abel, Esq., (Of Counsel)   $485

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

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

The Firm may be reached at:

       David Carlebach, Esq.
       Ira R. Abel, Esq., (Of Counsel)
       Law Offices of David Carlebach, Esq.
       55 Broadway, Suite 1902
       New York, NY 10006
       Tel: (212) 785-3041
       Fax: (347) 472-0094
       Email: david@carlebachlaw.com
              ira@carlebachlaw.com

                 About Three Amigos SJL Rest

Three Amigos SJL Rest, Inc. filed a Chapter 11 bankruptcy petition
(Bankr. S.D.N.Y. Case No. 16-13341) on November 28, 2016.  The Law
Offices of David Carlebach, Esq. represents the Debtor as counsel.

In its petition, the Debtor estimated $1 million to $10, million in
assets and $100,000 to $500,000 in liabilities. The petition was
signed by Dominica O'Neil, president.


TKC HOLDINGS: Moody's Assigns B2 Corp. Family Rating
----------------------------------------------------
Moody's Investors Service assigned first time ratings to TKC
Holdings, Inc. with a Corporate Family Rating ("CFR") of B2 and a
Probability of Default Rating ("PDR") of B2-PD. Concurrently,
Moody's assigned a B1 rating to TKC's senior secured first lien
credit facilities, comprised of a $1,050 million term loan and an
undrawn $50 million revolver, and a Caa1 rating to the company's
$300 million second lien term loan. The rating action follows the
company's announced plans to fund a distribution to its
shareholders as well as refinance existing indebtedness previously
incurred as part of the creation of TKC through a merger of Keefe
Group Holdings ("Keefe") and Trinity Services Inc. ("Trinity") in
2016. The ratings outlook is stable.

Moody's assigned the following ratings:

Corporate Family Rating -- B2

Probability of Default Rating -- B2-PD

Senior Secured Revolving Credit Facility expiring 2022 -- B1
(LGD3)

Senior Secured First Lien Term Loan due 2023 -- B1(LGD3)

Senior Secured Second Lien Term Loan due 2024 -- Caa1(LGD6)

Outlook is Stable

RATINGS RATIONALE

The B2 CFR reflects TKC's elevated pro forma leverage of just over
7x (Moody's adjusted for operating leases) at the end of 2016 as
well as integration risks related to the recently completed merger.
Although closing leverage will be very high for the rating
category, Moody's expects that the combined entity will delever to
approximately 5.5x by the end of 2017, primarily through EBITDA
growth driven by the realization of significant synergies in the
form of headcount reductions, facilities closures, and the
rationalization of the company's supply chain. The company expects
these synergies to be achieved by the end of 2017, but the scale of
the recent business combination of Keefe and Trinity into the
unified TKC entity could create business disruptions and debt
reduction could be constrained by implementation costs as well as
the competitive nature of the food and commissary services market.
Moreover, the potential for additional debt-funded acquisitions and
equity distributions to the company's private equity shareholders
adds further uncertainty. The risks associated with TKC's credit
profile are partially offset by the company's strong market
position as well as its longstanding customer relationships and
historically strong retention rates which contribute to revenue
predictability. Additionally, the company's modest capital
expenditure requirements should contribute to healthy free cash
flow generation.

The B1 ratings for TKC's first lien bank debt reflect the
borrower's B2-PD Probability of Default Rating ("PDR") and a Loss
Given Default ("LGD") assessment of LGD3. The first lien ratings
are one notch higher than the CFR and take into account the bank
debt's priority in the collateral and senior ranking in the capital
structure relative to TKC's second lien debt. The second lien
credit facility is rated Caa1 (LGD6), reflecting its junior
collateral position.

TKC's good liquidity is supported by the company's initial cash
balance of approximately $10 million following the completion of
the financing as well as Moody's expectation of free cash flow
generation before dividends approximating 5% of debt over the next
12 months. The company's liquidity is also bolstered by an undrawn
$50 million revolving credit facility. While the company's term
loans are not subject to financial covenants, the revolving credit
facility has a springing covenant based on a maximum net leverage
ratio which is not expected to be in effect over the next 12-18
months as borrowings are projected to be comfortably below maximum
thresholds during this period.

The stable outlook reflects Moody's expectation that TKC will
generate low-single digit revenue growth over the next 12 to 18
months. This expansion should be principally driven by modest
growth in food and commissary service spending within the
corrections market that TKC targets as well as the continuation of
outsourcing of these services by state governments. TKC should
realize considerable EBITDA growth over the coming year as the
realization of cost synergies fuels a substantial improvement in
profit margins and drives a contraction in leverage to
approximately 5.5x by the end of 2017.

Factors that Could Lead to an Upgrade

The rating could be upgraded if TKC profitably expands its market
share and adheres to a conservative financial policy. These
measures, in conjunction with debt repayments that would reduce
debt to EBITDA (Moody's adjusted) to below 5x and sustain free cash
flow to debt (Moody's adjusted) above 5% would add upward ratings
pressure.

Factors that Could Lead to a Downgrade

The rating could be downgraded if TKC were to experience a
weakening competitive position, cash flow generation weakens to
minimal levels on a sustained basis, or the company adopts more
aggressive financial policies that prevent meaningful deleveraging
over the coming year.

The principal methodology used in these ratings was "Business and
Consumer Service Industry" published in October 2016.

TKC is a provider of commissary, food service, and related products
to the corrections industry across the United States.


TKC HOLDINGS: S&P Assigns 'B' CCR on Weak Credit Metrics
--------------------------------------------------------
S&P Global Ratings assigned its 'B' corporate credit rating to
St. Louis, Mo.-based TKC Holdings Inc.  The outlook is stable.

TKC Holdings Inc. is refinancing its capital structure after
completing the acquisition and merger of Keefe Group Holdings and
Trinity Services Inc.  S&P expects the company will achieve
meaningful margin improvement based on cost synergies from the
merger of the two commissary and food service providers to the
corrections industry.  However, S&P also expects credit ratios will
remain weak and that there is meaningful integration risk
associated with this transformational merger.

At the same time, S&P assigned a 'B' issue-level rating to the
company's senior secured $50 million revolving credit facility due
2022 and $1.05 billion senior secured first-lien term loan due
2023, and 'CCC+' issue-level rating to the company's $300 million
senior secured second-lien term loan due 2024.  The recovery rating
on the revolver and first-lien term loan is '3', indicating S&P's
expectation for meaningful (50% to 70%, at the upper half of the
range) recovery in the event of a default.  The recovery rating on
the second-lien term loan is '6', indicating S&P's expectation for
negligible (0% to 10%) recovery in the event of a default.

Pro forma for transaction, S&P expects the company will have about
$1.35 billion in reported debt outstanding.

The ratings reflect TKC's weak credit metrics and meaningful
integration risk associated with the merger of Keefe Group Holdings
and Trinity Services to form TKC as the largest provider of
commissary services to the corrections industry.  "We believe TKC
should be able to capture significant cost synergies through
warehouse consolidation, headcount reductions, and increased
purchasing power," said S&P Global Ratings analyst Brennan Clark.
"However, any integration missteps could cause the company to
deviate materially from our expectations, particularly given the
transformational nature of the merger."

The ratings also reflect TKC's narrow focus as a commissary and
foodservice provider to the corrections industry, though S&P views
the industry as fairly stable and recession resistant given the
recurring need for its products and services.  S&P believes TKC
provides cost effective services to government agencies because of
its expertise, scale, and lower labor costs, and that its
outsourced services will continue to be an attractive alternative
to insourcing.  S&P expects demand for outsourced commissary and
food services will continue to grow given the economic benefits and
pressure on state budgets.  In S&P's view, TKC's increased scale
provides it with a competitive advantage over other commissary
services providers because it has a greater breadth of services.
Importantly, the company also has a reputation for meeting
correctional facilities' stringent security and safety
requirements, which S&P believes create meaningful switching costs
and barriers to industry entry.  Still, any missteps in service
and/or food quality could cause significant reputational damage,
which in turn could lead to customer losses and an inability to win
new business.  S&P believes TKC currently has a good reputation for
product and service quality.

The stable outlook reflects S&P's expectation that TKC will
generate steady revenues from a stable customer base and achieve
significant cost synergies over the next couple of years.  S&P
believes credit ratios will improve modestly but remain weak,
including leverage in the low-6x area at year-end 2017.

S&P could lower the rating if leverage increases to around 7x,
which would likely be the result of quality and reputational damage
causing large contract losses, and/or the failure to achieve
significant cost synergies due to acquisition integration missteps.
For leverage to reach the 7x area, EBITDA would have to decline
about 10% from S&P's 2017 base-case forecast.

S&P could raise the rating if the company achieves all of its cost
synergies such that leverage improves below 5x.  This would also be
predicated on the company adopting a less aggressive financial
policy, such that it commits to sustaining leverage below 5x.
Leverage could fall below 5x if EBITDA improves about 25% from our
2017 base-case forecast or if the company repays about
$300 million in debt.


TRANSGENOMIC INC: Nasdaq Grants Continued Listing Until Feb. 19
---------------------------------------------------------------
Transgenomic, Inc., received a decision letter from the staff of
The Nasdaq Stock Market LLC stating that the Nasdaq Hearings Panel
has granted the Company's request to extend continued listing on
Nasdaq from Dec. 31, 2016, until Feb. 19, 2017, subject to the
certain conditions.

As previously reported in the Company's Current Report on Form
8-K, as filed with the Securities and Exchange Commission on
Nov. 2, 2016, on Nov. 1, 2016, the Company received a decision
letter from the Staff stating that the Panel had granted the
Company's request for continued listing on Nasdaq until Dec. 31,
2016, to allow the Company to close the previously announced merger
of its wholly-owned subsidiary, New Haven Labs Inc., with Precipio
Diagnostics, LLC, which the Company expects to result in a combined
entity that will meet all initial listing standards for the Nasdaq
Capital Market.  On Dec. 9, 2016, the Company asked that the Panel
extend the exception through to Feb. 19, 2017, to give the Company
sufficient time to obtain stockholder approval and close the
Merger.

Based on the November Letter, the Panel granted the Company's
request for continued listing until Feb. 19, 2017, subject to the
following:

   1. On or before Feb. 19, 2017, the Company shall have closed
      the Merger with Precipio and gained approval from the Staff
      for listing of the post-merger company on the Nasdaq Capital

      Market.

                      About Transgenomic

Transgenomic, Inc. -- http://www.transgenomic.com/-- is a global
biotechnology company advancing personalized medicine in
cardiology, oncology, and inherited diseases through its
proprietary molecular technologies and world-class clinical and
research services.  The Company is a global leader in cardiac
genetic testing with a family of innovative products, including
its C-GAAP test, designed to detect gene mutations which indicate
cardiac disorders, or which can lead to serious adverse events.
Transgenomic has three complementary business divisions:
Transgenomic Clinical Laboratories, which specializes in molecular
diagnostics for cardiology, oncology, neurology, and mitochondrial
disorders; Transgenomic Pharmacogenomic Services, a contract
research laboratory that specializes in supporting all phases of
pre-clinical and clinical trials for oncology drugs in
development; and Transgenomic Diagnostic Tools, which produces
equipment, reagents, and other consumables that empower clinical
and research applications in molecular testing and cytogenetics.
Transgenomic believes there is significant opportunity for
continued growth across all three businesses by leveraging their
synergistic capabilities, technologies, and expertise.  The
Company actively develops and acquires new technology and other
intellectual property that strengthens its leadership in
personalized medicine.

Transgenomic reported a net loss available to common stockholders
of $34.3 million on $1.65 million of net sales for the year ended
Dec. 31, 2015, compared to a net loss available to common
stockholders of $15.08 million on $1.24 million of net sales for
the year ended Dec. 31, 2014.

As of Sept. 30, 2016, Transgenomic had $2.07 million in total
assets, $19.90 million in total liabilities and a total
stockholders' deficit of $17.82 million.


TRANSGENOMIC INC: To Negotiate With Investors to Avert Default
--------------------------------------------------------------
Transgenomic, Inc., entered into a series of Unsecured Convertible
Promissory Notes with seven accredited investors in the principal
amount of $925,000 on Jan. 20, 2015.  Pursuant to the terms of the
Notes, interest accrues at a rate of 6% per year and is due and
payable by the Company on Dec. 31, 2016.  The Company also issued,
to its placement agent for the Notes, a convertible promissory
note, upon the same terms and conditions as the Notes, in an
aggregate principal amount equal to 5% of the proceeds received by
the Company, or $46,250.  The Notes are convertible into shares of
the Company's common stock at the option of the Investors and as of
Dec. 31, 2016, $400,000 of the aggregate principal amount of the
Notes, and accrued interest thereon, has been converted into an
aggregate of 281,023 shares of the Company's common stock.  On the
Maturity Date, the then outstanding aggregate amount owed on the
Notes and Agent Note of $638,016 ($571,250 in principal amount and
$66,766 of accrued interest) became due. Pursuant to the terms of
the Notes, the Company's failure to pay any principal or interest
within 10 days of the date such payment is due will constitute an
event of default.  The Company is attempting to negotiate a
resolution with the Investors so that the Company will not default
on such payment; however, there is no guarantee that the Company
will be able to work out a satisfactory resolution, according to a
Form 8-K report filed with the Securities and Exchange Commission.

                       About Transgenomic

Transgenomic, Inc. -- http://www.transgenomic.com/-- is a global
biotechnology company advancing personalized medicine in
cardiology, oncology, and inherited diseases through its
proprietary molecular technologies and world-class clinical and
research services.  The Company is a global leader in cardiac
genetic testing with a family of innovative products, including
its C-GAAP test, designed to detect gene mutations which indicate
cardiac disorders, or which can lead to serious adverse events.
Transgenomic has three complementary business divisions:
Transgenomic Clinical Laboratories, which specializes in molecular
diagnostics for cardiology, oncology, neurology, and mitochondrial
disorders; Transgenomic Pharmacogenomic Services, a contract
research laboratory that specializes in supporting all phases of
pre-clinical and clinical trials for oncology drugs in
development; and Transgenomic Diagnostic Tools, which produces
equipment, reagents, and other consumables that empower clinical
and research applications in molecular testing and cytogenetics.
Transgenomic believes there is significant opportunity for
continued growth across all three businesses by leveraging their
synergistic capabilities, technologies, and expertise.  The
Company actively develops and acquires new technology and other
intellectual property that strengthens its leadership in
personalized medicine.

Transgenomic reported a net loss available to common stockholders
of $34.3 million on $1.65 million of net sales for the year ended
Dec. 31, 2015, compared to a net loss available to common
stockholders of $15.08 million on $1.24 million of net sales for
the year ended Dec. 31, 2014.

As of Sept. 30, 2016, Transgenomic had $2.07 million in total
assets, $19.90 million in total liabilities and a total
stockholders' deficit of $17.82 million.


TRENDSETTER HR: Wants Akerman to Continue to Serve as Lead Counsel
------------------------------------------------------------------
Trendsetter HR, LLC asked the U.S. Bankruptcy Court for the
Northern District of Texas to allow Akerman LLP to continue to
represent the company until it approves its application to hire a
new bankruptcy counsel.

The company hired Akerman as its lead counsel in connection with
its Chapter 11 case.  However, two of its claimants, Zurich
American Insurance and American Zurich Insurance, have raised
concern over Akerman's representation of the company.

Although Akerman represents the claimants in matters "totally
unrelated" to Trendsetter's bankruptcy case, the company believes
that it is for the benefit of the company to employ Munsch Hardt
Kopf & Harr, P.C. as its new legal counsel.

In its amended application, Trendsetter asked the court to
represent the company in all issues other than adjudication of
Zurich's claims until it approves the employment of Munsch.

The primary attorneys at Akerman who will continue to represent the
company and their hourly rates are:

     David W. Parham     Partner       $650
     Esther McKean       Partner       $360
     Scott Lawrence      Associate     $275

                      About Trendsetter HR

Trendsetter HR LLC, based in Rockwall, TX, filed a Chapter 11
petition (Bankr. N.D. Tex. Case No. 16-34457) on November 17, 2016.
The Hon. Stacey G. Jernigan presides over the case.

The Debtor is represented by Scott D. Lawrence, Esq., at Akerman
LLP.  Bridgepoint Consulting LLP and BFS Law Group serve as the
Debtor's financial advisor and special counsel, respectively.

In its petition, the Debtor estimated $1 million to $10 million in
assets and $10 million to $50 million in liabilities.  The petition
was signed by Daniel W. Bobst, president.


TRUE RELIGION: Moody's Lowers CFR to "Ca" on Earnings Decline
-------------------------------------------------------------
Moody's Investors Service downgraded True Religion Apparel, Inc.'s
Corporate Family Rating to Ca from Caa2 and Probability of Default
Rating to Caa3-PD from Caa2-PD. Moody's also lowered the company's
first lien term loan rating to Ca from Caa2 and the second lien
term loan rating to Ca from Caa3. The rating outlook remains
negative.

The downgrade reflects Moody's view that True Religion's ongoing
earnings declines and unsustainable capital structure (with about
16 times leverage based on management EBITDA, as of October 2016)
have increased the company's probability of default. In addition,
Moody's lowered its recovery estimate on the company's debt
reflecting the significant earnings declines year-to-date 2016 and
expectations for continued challenges in the next several years.
Management adjusted EBITDA for the LTM period ended October 2016
declined 38% compared to full year 2015, and revenues decreased by
about 6%, driven by heavy discounting that has eroded margin.
Liquidity has weakened due to negative free cash flow generation,
which is expected to result in increased revolver use over the next
12-18 months. Despite expected savings from recent restructuring
events, closing of unprofitable stores, and new supply chain and
e-commerce initiatives, Moody's expects only modest earnings
improvement in 2017 and 2018, which would not allow the company to
generate positive free cash flow and reduce leverage to a
sustainable level prior to its term loan maturities.

Moody's took the following rating actions on True Religion Apparel,
Inc.:

-- Corporate Family Rating, downgraded to Ca from Caa2

-- Probability of Default Rating, downgraded to Caa3-PD from
    Caa2-PD

-- $386 million outstanding amount ($400 million original face
    value) first lien term loan due 2019, downgraded to Ca (LGD4)
    from Caa2 (LGD3)

-- $85 million second lien term loan due 2020, downgraded to Ca
    (LGD6) from Caa3 (LGD5)

-- Negative outlook

RATINGS RATIONALE

True Religion's Ca CFR reflects the company's heightened
probability of default and lower than average expected family
recovery rate, considering its unsustainable capital structure and
ongoing earnings declines driven by challenges in the retail
environment, denim category and the company's brand position. In
Moody's view, True Religion has very limited prospects for a
meaningful operating performance turnaround in the next several
years that would allow it to reduce leverage to a sustainable
level. In addition, Moody's expects the company to have weak
liquidity over the next 12-18 months, reflecting negative free cash
flow generation and meaningful utilization of the asset-based
revolver in 2017.

The negative rating outlook reflects the heightened risk of an
event of default or further deterioration in recovery prospects
over the next 12-18 months because of the challenges with executing
a turnaround.

The ratings could be downgraded if the company undergoes an event
of default or if Moody's estimates of recovery decline further.

The ratings could be upgraded if True Religion achieves meaningful
earnings growth by successfully executing its strategic initiatives
and improves its liquidity profile.

True Religion Apparel, Inc. designs and markets denim, sportswear
and accessories for men, women and children under the "True
Religion" brand. The company's products are sold in its branded
retail and outlet stores and website, as well as in contemporary
department stores, boutiques and off-price retailers. As of October
30, 2016, True Religion operated 133 stores in the U.S. and 12
internationally. The company had revenues of approximately $377
million for the last twelve months ended October 2016. True
Religion has been controlled by TowerBrook Capital Partners since
its take-private transaction in July 2013.

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


UNITED NETWORKING: Disclosures Okayed, Plan Hearing on Feb. 2
-------------------------------------------------------------
The U.S. Bankruptcy Court for the Middle District of Florida will
consider approval of the Chapter 11 plan of United Networking
Enterprises, Inc., at a hearing on Feb. 2.

The hearing will be held at Sam M. Gibbons United States
Courthouse, Courtroom 8B, 801 N. Florida Avenue, Tampa, Florida.

The court will also consider at the hearing the final approval of
the company's disclosure statement, which it conditionally approved
on Jan. 3.

Creditors must file their objections and cast their votes accepting
or rejecting the plan no later than two days before the hearing.

United Networking is represented by:

     Joel S. Treuhaft, Esq.
     Palm Harbor Law Group, P.A.
     2997 Alternate 19, Suite B
     Palm Harbor, FL 34683
     Phone: (727) 797-7799
     Email: jstreuhaft@yahoo.com

              About United Networking Enterprises

United Networking Enterprises, Inc. sought protection under Chapter
11 of the Bankruptcy Code (Bankr. M.D. Fla. Case No. 15-12192) on
December 4, 2015.  The petition was signed by Gloria
Killens-Hadley, president.  

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


USG CORP: Egan-Jones Hikes Sr. Unsecured Ratings to BB+
-------------------------------------------------------
Egan-Jones Ratings, on Jan. 12, 2017, upgraded the senior unsecured
ratings on debt issued by USG Corp. to BB+ from BB.

USG Corporation, through its subsidiaries, manufactures and
distributes building materials. USG's two core businesses include
North American Gypsum and Worldwide Ceilings.



VINH PHAT SUPERMARKET: Has Until March 17 to File Chapter 11 Plan
-----------------------------------------------------------------
Judge Christopher M. Klein of the U.S. Bankruptcy Court for the
Eastern District of California extended the exclusive period during
which only Vinh Phat Supermarket, Inc. has the right to file a plan
of reorganization through March 17, 2017, and a new deadline of
March 23, 2017 for the Court to confirm the Plan of Reorganization
filed by the Debtor on December 8, 2016

The Troubled Company Reporter had earlier reported that the Debtor
asked the Court to extend its plan exclusivity period and to set a
new deadline for the Court to confirm its Plan of Reorganization,
relating that the Debtor had suffered from the cost and expense
caused by lengthy litigation with one of its shareholders, Muoi
Lam, who filed a complaint in Sacramento County Superior Court
against Vinh Phat and her fellow shareholders Suying Plaskett, Sau
Vong, and Chan Cam Ly. The Debtor had obtained an order from the
Bankruptcy Court enjoining Muoi Lam from pursuing a state court
litigation in state court, and thereafter transferred the State
Court Litigation to the Bankruptcy Court as Adversary Proceeding
No. 16-02209. A settlement conference between all parties to the
litigation was scheduled to take place on December 15, 2016.

Because the Debtor believed that a resolution can be reached
between the bankruptcy estate and all of the shareholders, the
Debtor moved forward with filing a plan of reorganization on
December 8, 2016.  Subsequently, the Court had entered an order
conditionally approving the Disclosure Statement, fixing hearing on
confirmation of the Debtor's Plan of Reorganization for January 24,
2017, just two days after the end of the 45-day window for the
Court to confirm the proposed Plan.

                     About Vinh Phat Supermarket

Vinh Phat Supermarket, Inc., based in Sacramento, CA, filed a
Chapter 11 petition (Bankr. E.D. Cal. Case No. 16-24672) on July
18, 2016. The petition was signed by Eric Vong, board
member/authorized individual.  Judge Christopher M. Klein presides
over the case.  In its petition, the Debtor estimated $500,000 to
$1 million in assets and $1 million to $10 million in liabilities.

The Debtor employs Jamie P. Dreher, Esq., at Downey Brand LLP, as
its bankruptcy counsel; and Gonzales & Sisto LLP as its accountant.


VISUALANT INC: Promissory Notes Converted Into 936,348 Shares
-------------------------------------------------------------
Visualant, Incorporated entered into convertible promissory notes
totaling $710,000 with accredited investors during September 2015
to February 2016 to fund short-term working capital.  The Notes
accrued interest at a rate of 8% per annum and were due September
2016 to February 2017 and were convertible into common stock at the
same price of the Company's next financing.  The investors received
$710,000 in warrants that are exercisable into common stock at the
price equal to the price of the common stock sold in the Company's
next public financing.

On Nov. 30, 2016, the Company converted Promissory Notes totaling
$695,000 and accrued interest of $54,073 into 936,348 shares of the
Company's common stock at $0.80 per share.  The investors received
five year warrants for 936,348 shares of common stock that are
exercisable into common stock at $1.00 per share.

                     About Visualant Inc.
  
Seattle, Wash.-based Visualant, Inc., was incorporated under the
laws of the State of Nevada on Oct. 8, 1998.  The Company
develops low-cost, high speed, light-based security and quality
control solutions for use in homeland security, anti-
counterfeiting, forgery/fraud prevention, brand protection and
process control applications.

Visualant reported a net loss of $2.63 million on $6.29 million of
revenue for the year ended Sept. 30, 2015, compared to a net loss
of $1.01 million on $7.98 million of revenue for the year ended
Sept. 30, 2014.

As of June 30, 2016, Visualant had $3.05 million in total assets,
$7.22 million in total liabilities, all current, and a total
stockholders' deficit of $4.17 million.

PMB Helin Donovan, LLP, in Seattle, Washington, issued a "going
concern" qualification on the consolidated financial statements for
the year ended Sept. 30, 2015, citing that Company has sustained a
net loss from operations and has an accumulated deficit since
inception.  These factors raise substantial doubt about the
Company's ability to continue as a going concern.


VYCOR MEDICAL: Fountainhead Holds 47.1% Equity Stake as of Dec. 31
------------------------------------------------------------------
In an amended Schedule 13D filed with the Securities and Exchange
Commission, Fountainhead Capital Management Limited disclosed that
as of Dec. 31, 2016, it beneficially owns 5,882,682 shares of
common stock, par value $0.0001, of Vycor Medical, Inc.
representing 47.16 percent of the shares outstanding.

On Dec. 31, 2016, Vycor Medical issued 90,909 shares of Vycor
Common Stock to Fountainhead in satisfaction of $30,000 of
consulting fees due for the quarter ended Dec. 31, 2016.  As a
result of that issue, Fountainhead's previously-reporting holdings
of Vycor Common Stock (including shares which it has the option to
acquire within 60 days of that date) were adjusted to a total of
5,882,682 shares, comprising ownership of 4,629,141 Vycor Common
Shares and Warrants to purchase 1,253,541 Vycor Common Shares as
follows: 343,411 shares at an exercise price of $1.88 per share
prior to Aug. 4, 2017; 337,517 shares at an exercise price of $2.62
per share prior to Aug. 4, 2017; and 572,613 shares at an exercise
price of $3.08 per share prior to Aug. 4, 2017.  Those shares, in
the aggregate, comprise approximately 47.16% of the Company's
issued and outstanding shares of common stock, as adjusted for the
exercise of those warrants.

A full-text copy of the Schedule 13D/A is available for free at:

                      https://is.gd/fQU7n8

                      About Vycor Medical

Boca Raton, Fla.-based Vycor Medical, Inc. (OTC BB: VYCO)
-- http://www.VycorMedical.com/-- is a medical device company
committed to making neurological brain, spinal and other surgical
procedures safer and more effective.  The Company's flagship,
Patent Pending ViewSite(TM) Surgical Access Systems represent an
exciting new minimally invasive access and retraction system that
holds the potential for speedier, safer and more economical brain,
spinal and other surgeries and a quicker patient discharge.
Vycor's innovative medical instruments are designed to optimize
neurosurgical site access, reduce patient risk, accelerate
recovery, and add tangible value to the professional medical
community.

Vycor Medical reported a net loss available to common shareholders
of $2.25 million on $1.13 million of revenue for the year ended
Dec. 31, 2015, compared to a net loss available to common
shareholders of $4.04 million on $1.25 million of revenue for the
year ended Dec. 31, 2014.

As of Sept. 30, 2016, Vycor had $1.54 million in total assets,
$1.14 million in total liabilities, all current, and $399,144 in
total stockholders' equity.

The Company's auditors Paritz & Company, P.A., in Hackensack, New
Jersey, issued a "going concern" qualification on the consolidated
financial statements for the year ended Dec. 31, 2015.


WAVE SYSTEMS: Suspending Filing of Reports With SEC
---------------------------------------------------
Wave Systems Corp. filed a Form 15 with the Securities and Exchange
Commission notifying the termination of the registration of its
Class A common stock, $ 0.01 par value per share, under Section
12(g) of the Securities Exchange Act of 1934.  As a result of the
Form 15 filing, the Company is not anymore obligated to file
periodic reports with the SEC.

                    About Wave Systems

Lee, Massachusetts-based Wave Systems Corp. (NASDAQ: WAVX)
--http://www.wave.com/--develops, produces and markets products    

for hardware-based digital security, including security
applications and services that are complementary to and work with
the specifications of the Trusted Computing Group, an industry
standards organization comprised of computer and device
manufacturers, software vendors and other computing products
manufacturers.

Wave Systems Corp. commenced on Feb. 1, 2016, a bankruptcy case by
filing a voluntary petition for relief under the provisions of
Chapter 7 of Title 11 of the Bankruptcy Code in the United States
Bankruptcy Court for the District of Delaware.

On May 16, 2016, the Bankruptcy Court entered an order converting
the Chapter 7 Case to a case under the provisions of Chapter 11 of
the Bankruptcy Code.  As a result, since May 20, 2016, the Company
has been operated under a court appointed Chapter 11 Trustee under
the jurisdiction of the Bankruptcy Court and in accordance with
applicable provisions of the Bankruptcy Code and orders of the
Bankruptcy Court.  

David W. Carickhoff, was appointed as Chapter 11 trustee. Mr.
Carickhoff tapped Archer & Greiner P.C. as counsel.  The Trustee
also tapped Miller & Company, LLC as accountants and financial
advisors, and UpShot Services LLC as the claims agent and
administrative agent.


WET SEAL: Said to Consider Sale or Bankruptcy
---------------------------------------------
Lauren Coleman-Lochner and Jodi Xu Klein, writing for Bloomberg
News, reported that Wet Seal, the mall retailer owned by Versa
Capital Management, is considering a sale or bankruptcy after
struggling to turn around the business, according to people with
knowledge of the situation.

If Wet Seal decides instead on a bankruptcy, it would be the second
in two years for the chain, which caters to women and girls ages 13
to 24, according to the report.  During its previous Chapter 11 in
2015, the company sold its assets to Versa in a deal that included
$7.5 million in cash, the report related.

Wet Seal has already closed hundreds of stores, but sluggish mall
traffic has continued to weigh on the chain's remaining locations,
the report further related.  Other apparel sellers have faltered in
recent months: American Apparel filed for its second bankruptcy,
and Limited Stores is shutting down all its brick-and-mortar
locations, the report said.  Though some pockets of retail are
doing well, older chains have been squeezed by e-commerce and
fast-fashion brands such as Zara, the report added.

In early 2015, Versa's Mador Lending LLC won an auction for the Wet
Seal's inventory and some leases, the report related.  As part of
the deal, it provided $20 million in replacement bankruptcy
financing and assumed certain liabilities, the report further
related.

The Irvine, California-based retailer has 171 locations in 42
states, the report said, citing its website.

                     About Wet Seal

The Wet Seal, Inc., and three affiliates, The Wet Seal Retail,
Inc., Wet Seal Catalog, Inc., and Wet Seal GC, LLC, filed separate
Chapter 11 petitions (Bankr. D. Del. Case Nos. 15-10081 to
15-10084) on Jan. 15, 2015. The Debtors are a national
multi-channel retailer selling fashion apparel and accessory items
designed for female customers aged 13 to 24 years old.  The Wet
Seal, Inc., disclosed $215,254,952 in assets and $60,598,968 in
liabilities as of the Chapter 11 filing.

The Hon. Christopher S. Sontchi presides over the jointly
administered cases. Maris J. Kandestin, Esq., and Michael R.
Nestor, Esq., at Young Conaway Stargatt & Taylor, LLP; Lee R.
Bogdanoff, Esq., Michael L. Tuchin, Esq., David M. Guess, Esq.,
and
Jonathan M. Weiss, Esq., at Klee, Tuchin, Bogdanoff & Stern LLP;
and Paul Hastings LLP, serve as the Debtors' Chapter 11 counsel.
FTI Consulting serves as the Debtors' restructuring advisor.  The
Debtors' investment banker is Houlihan Lokey. The Debtors tapped
Donlin, Recano & Co., Inc. as claims and noticing agent.

The petitions were signed by Thomas R. Hillebrandt, interim chief
financial officer.

B. Riley, the original DIP lender and plan sponsor, is represented
by Van C. Durrer, II, Esq., at Skadden, Arps, Slate, Meagher &
Flom
LLP.

Versa Capital Management, LLC, and its affiliate, Mador Lending,
LLC, which was selected as the successful bidder at an auction,
was
advised by Greenberg Traurig LLP, Klehr Harrison Harvey Branzburg
LLP, and KPMG LLP.

The U.S. Trustee has appointed an Official Committee of Unsecured
Creditors. The Committee retained Pachulski Stang Ziehl & Jones
LLP
as its counsel and Province Inc. as its financial advisor.

The Wet Seal, Inc., changed its name to "Seal123, Inc." on April
17, 2015, in accordance with the Asset Purchase Agreement with
Mador Lending, LLC, an affiliate of Versa Capital Management, LLC
as buyer.

On October 30, 2015, the Bankruptcy Court entered an order
confirming the First Amended Joint Plan of Liquidation.  The Plan
was co-proposed by the Debtors and the Creditors Committee.  The
Plan was originally filed with the Bankruptcy Court on August 10,
2015 and subsequently amended on September 8, 2015.  The Plan
became effective on December 31, 2015.


WHALEY RANCH: Seeks to Hire Ken McCartney as Legal Counsel
----------------------------------------------------------
Whaley Ranch, LLC seeks approval from the U.S. Bankruptcy Court for
the District of Wyoming to hire legal counsel.

The Debtor proposes to hire The Law Offices of Ken McCartney, P.C.
to give legal advice regarding its duties under the Bankruptcy
Code, and provide other legal services related to its Chapter 11
case.

Ken McCartney, Esq., will be paid an hourly rate of $265 for his
services.  Paralegals will be paid $95 per hour.

Mr. McCartney disclosed in a court filing that he does not hold or
represent any interest adverse to the Debtor's bankruptcy estate.

The firm can be reached through:

     Ken McCartney, Esq.
     The Law Offices of Ken McCartney, P.C.
     P.O. Box 1364
     Cheyenne, WY 82003
     Tel: (307) 635-0555
     Email: bnkrpcyrep@aol.com

                       About Whaley Ranch

Whaley Ranch, LLC is engaged in the farming and ranch business.
The Debtor sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. D. Wy. Case No. 17-20001) on January 3, 2017.  The
petition was signed by Michael James Whaley, managing member.  

The case is assigned to Judge Cathleen D. Parker.

At the time of the filing, the Debtor disclosed $1.48 million in
assets and $1.81 million in liabilities.


                            *********

Monday's edition of the TCR delivers a list of indicative prices
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