TCR_Public/170301.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, March 1, 2017, Vol. 21, No. 59

                            Headlines

ABBY LEE MILLER: Bankruptcy Fraud Sentencing Delayed
AEOLUS PHARMACEUTICALS: Delays Filing of Dec. 31 Form 10-Q
AGESONG GENESIS: Involuntary Chapter 11 Case Summary
ALL-TEX STAFFING: Voluntary Chapter 11 Case Summary
ALLIED CONSOLIDATED: Taps Harold Corzin as Expert Witness

AMERICAN AIRLINES: Pennsylvania Court Dismisses "Preitz"
ANCHOR R&R: Voluntary Chapter 11 Case Summary
ANDRA'S REDEMPTION: Voluntary Chapter 11 Case Summary
AVAYA INC: Stops Paying Supplemental Pension Benefits
BIOSCRIP INC: GAMCO Asset et al. Hold 13.15% Equity Stake

BIOSTAR PHARMACEUTICALS: Has Noncompliance Notice From Nasdaq
BULOVA TECHNOLOGIES: Incurs $1.69 Million Net Loss in First Quarter
BURGESS MACHINERY: Case Summary & 20 Largest Unsecured Creditors
CALIFORNIA RESOURCES: Posts $279 Million Net Income for 2016
CAMBER ENERGY: Offering $150 Million Worth of Securities

CAMBER ENERGY: Signs $11M Deal to Buy 13K Acres in Permian Basin
CARAUSTAR INDUSTRIES: Moody's Affirms B2 Corp. Family Rating
CLASSICAL DEVELOPMENT: Case Summary & 5 Unsecured Creditors
COCRYSTAL PHARMA: Motus GI's Martin Named Interim CFO
COMSTOCK RESOURCES: Incurs $135.1 Million Net Loss in 2016

COOK INVESTMENTS: Lender to be Paid in 5 Yrs at Reduced Interest
CORE RESOURCE: DOJ Watchdog Ordered to Appoint Chapter 11 Trustee
CUBA TIMBER: Case Summary & 20 Largest Unsecured Creditors
CYTORI THERAPEUTICS: Azaya Discloses 5% Equity Stake as of Feb. 15
DACCO TRANSMISSION: Non-Crossover 2nd Lien Claimants to Get $8.6M

DALLAS ROADSTER: Take-Nothing Judgments in TCB Suit Partly Affirmed
DART MUSIC: Case Summary & 20 Largest Unsecured Creditors
DIGIPATH INC: Board OKs Issuance of 100,000 Shares to Director
DIGIPATH INC: Obtains $250,000 from Units Offering
DONNA NEWSOME: Court Waives PCO Appointment

DUBOIS CHEMICALS: Moody's Assigns B2 Corporate Family Rating
E. ALLEN REEVES: Case Summary & 20 Largest Unsecured Creditors
ECOSPHERE TECHNOLOGIES: Appoints Dean Becker as Director
ERATH IRON: Case Summary & 8 Unsecured Creditors
ESSAR STEEL: Proposes March 16 Disclosure Statement Hearing

ETERNAL ENTERPRISE: Taps Vin Vizzo for Feb. 7 Fire Insurance Claim
FABRICA DE BLOQUES: Seeks to Hire MRO Attorneys as Legal Counsel
FAMILY CHRISTIAN: Going Out of Business, To Close 240 Stores
FINJAN HOLDINGS: BCPI Reports 22.5% Equity Stake
FINJAN HOLDINGS: Had 22.8M Outstanding Common Shares as of Sept. 30

FIRST PHOENIX-WESTON: Disclosure Statement Gets Court's Approval
FLETCHER ASSET: EisnerAmeper, Grant on Verge of Ending Funds' Suits
FLORIDA FOREST: US Trustee Tries to Block Approval of Plan Outline
FORESIGHT ENERGY: Will Redeem Senior Notes Due 2021
FRASIER MEADOWS: Fitch Rates $86MM 2017 Revenue Bonds BB+

GOODMAN NETWORKS: Amended RSA Sets March 13 Chapter 11 Filing
GREAT BASIN: Enters Into Waiver Agreements with 2016 Noteholders
GREAT BASIN: Had 1.3 Billion Outstanding Common Stock as of Feb. 24
HHGREGG INC: Taps Miller Buckfire to Find Ways to Improve Liquidity
HIDALGO INDUSTRIAL: Case Summary & 20 Largest Unsecured Creditors

HUMBLE SURGICAL: Voluntary Chapter 11 Case Summary
IHEARTCOMMUNICATIONS INC: Incurs $296.3 Million Net Loss in 2016
IRASEL SAND: Case Summary & 17 Largest Unsecured Creditors
J. P. ALEXOPOULOS: Case Summary & 11 Unsecured Creditors
J.C. PENNEY: To Close 140 Stores, Offer Buyouts to 6,000 Employees

J.G. WENTWORTH: Hires Evercore Partners to Fix Capital Structure
KIWA BIO-TECH: Closes Sale of $1-Mil. Common Stock to Junwei Zheng
KLD ENERGY: Wants More Plan Exclusivity Pending Sale
LEHMAN BROTHERS: Banks Lose Claims Over Mortgages
LEHMAN BROTHERS: Creditors to Get Additional $288 Million

LEHMAN BROTHERS: Fondo de Proteccion Suit Against Diaz Continues
LEVEL ACRES: Case Summary & 13 Unsecured Creditors
LILY ROBOTICS: Case Summary & 29 Largest Unsecured Creditors
LIMITED STORES: $26.75M Sale of IP Assets to Sycamore Unit OK'd
LINN ENERGY: Completes Restructuring, Exits Chapter 11

LIZA HAZAN: Creditor Seeks Chap. 11 Conversion, Trustee Appointment
LMCHH PCP: Committee Taps Heller Draper as Legal Counsel
LSB INDUSTRIES: Jack E. Golsen et al. Have 10.2% Stake
MARBLES HOLDINGS: Committee Taps Berkeley as Financial Advisor
MARBLES HOLDINGS: Committee Taps Freeborn as Local Counsel

MARBLES HOLDINGS: Committee Taps Pachulski as Lead Counsel
MARINA BIOTECH: Appoints Chief Scientific Officer and COO
MARINA BIOTECH: Closes Offering of $1.78 Million Common Shares
MARINA BIOTECH: Could Receive $90M Under SMARTICLES Licensing Pact
MARIOLA KIELCZEWSKA: Bank Seeks Appointment of Operating Trustee

MAUI LAND: Reports 2016 Net Income of $21.8 Million
MCCLATCHY COMPANY: Former CEO to Get $1.7 Million Payout
METROPOLITAN STEEL: Court Dismisses Appeal of Sale Order
MONACO MOTEL: Case Summary & 7 Unsecured Creditors
NASTY GAL: Culminates Bankruptcy with Sale to Rival

NAT'L ASSISTANCE BUREAU: Taps Marcus & Millichap as Realtor
NATIONAL AIR CARGO: Taps Lippes Mathias as New Legal Counsel
NEW BERN: Weaver Cooke's Bid to Intervene in NER's Appeal Denied
NEWBURY COMMON: Plan Filing Deadline Extended Until March 8
NEWLEAD HOLDINGS: TransAsia Obtains Favorable Ruling in Fraud Suit

NPPF I: Fitch Withdraws 'Csf' Rating on $14MM Class D Debt
OMINTO INC: Reports First Quarter Net Loss of $2.3 Million
PACIFIC DRILLING: Reports 2016 Net Loss of $37.2 Million
PARAGON OFFSHORE: Committee Taps Paul Weiss as Legal Counsel
PARAGON OFFSHORE: Committee Taps Young Conaway as Co-Counsel

PERFORMANCE SPORTS: Sale Closing Date Extended to Feb. 27
PERFORMANT BUSINESS: Moody's Cuts Corporate Family Rating to Caa1
PERSISTENCE PARTNERS: Mach MG Seeks Ch. 11 Trustee, Case Dismissal
PHOENIX MANUFACTURING: Has Until July 1 to Confirm Chapter 11 Plan
PIONEER ROOFING: Burke & Herbert Bank Tries to Block Disclosures OK

PLATINUM RESOURCES: CuMoCo Provides Notice of Default
PUERTO RICO: Governor Says 5 Years Needed to Fix Budget
REES ASSOCIATES: Case Summary & 20 Largest Unsecured Creditors
RENNOVA HEALTH: Effects 1-for-30 Reverse Stock Split
RESIDENTIAL CAPITAL: Plan Injunction Bars Homeowner's Claims

ROLLOFFS HAWAII: Trustee Taps Char Sakamoto as Special Counsel
SABINE PASS: Moody's Assigns Ba1 Rating to $1.35BB Secured Notes
SANDERS NURSERY: Wants Plan Exclusivity Amid Issues With BFN
SCARBOROUGH & HARGETT: Court Denies Approval of Plan Outline
SEASONS PARTNERS: Case Summary & 20 Largest Unsecured Creditors

SEMLER SCIENTIFIC: Green Park Reports 6.7% Stake as of Feb. 15
SIGNAL BAY: Incurs $2.55 Million Net Loss in Fiscal 2016
SOTERA WIRELESS: Seeks Plan Filing Extension Amid Masimo Dispute
SPIN CITY EC: Bruce Fuerbringer to Continue to Manage Company
SPRINGLEAF FUNDING 2015-A: DBRS Confirms BB Rating on Class D Debt

STEREOTAXIS INC: DAFNA Capital Holds 6.27% Stake as of Feb. 9
STONE ENERGY: Closes Sale of Appalachia Properties
STONE ENERGY: Completes Financial Restructuring, Exits Chapter 11
STONE ENERGY: Receives Approval to List New Common Stock
SUGARMAN'S PLAZA: March 31 Hearing for Trustee Appointment Set

T&T AIR: Case Summary & 6 Unsecured Creditors
TAR HEEL: Trustee Taps Hire Charles Broadfoot to Manage Tanks
TOSHIBA CORP: Not Aware of Westinghouse Considering Chapter 11
TRANSGENOMIC INC: Hires Marcum LLP as New Accountants
TRIANGLE USA: NGP Triangle Opposes Plan Disclosures

VANGUARD HEALTHCARE: Court Moves Solicitation Period to March 31
VANGUARD NATURAL: Unsecured Creditors' Recovery Unknown Under Plan
WALTERS ENTERPRISE: Involuntary Chapter 11 Case Summary
WEST SEATTLE LODGE: Case Summary & 20 Largest Unsecured Creditors
WEST VIRGINIA HIGH: Asks Time to Resolve Huntington Plan Objection

WESTMORELAND COAL: To Restate 2014 and 2015 Financial Statements

                            *********

ABBY LEE MILLER: Bankruptcy Fraud Sentencing Delayed
----------------------------------------------------
The American Bankruptcy Institute, citing the Associated Press,
reported that the federal court sentencing for "Dance Moms" star
Abby Lee Miller has been postponed from Oct. 11, 2017, to Dec. 2.

According to the report, federal prosecutors in Pittsburgh and Ms.
Miller's attorney asked to delay the sentence until after a federal
appeals court decides a similar bankruptcy fraud case that could
impact her sentencing.

Ms. Miller has pleaded guilty to trying to hide $775,000 worth of
income from the Lifetime network reality show and spinoff projects
during her Chapter 11 bankruptcy and violating another law by
bringing more than $10,000 worth of Australian currency into the
country in 2014, the report related.

Prosecutors have said sentencing guidelines call for a prison term
of 24 to 30 months, but the defense contends Ms. Miller's creditors
didn't lose money so the sentence should range from probation to
six months in jail, the report further related.


AEOLUS PHARMACEUTICALS: Delays Filing of Dec. 31 Form 10-Q
----------------------------------------------------------
Aeolus Pharmaceuticals, Inc., was unable to timely file its
quarterly report on Form 10-Q for the fiscal quarter ended Dec. 31,
2016, without unreasonable effort and expense due to the Company's
efforts to collect financial information from a contracting party.
The Company expects that the associated Form 10-Q for this period
will be filed on or before the fifth calendar day following the
prescribed due date.

                  About Aeolus Pharmaceuticals

Mission Viejo, California-based Aeolus Pharmaceuticals, Inc., is a
Southern California-based biopharmaceutical company leveraging
significant government investment to develop a platform of novel
compounds in oncology and biodefense.  The platform consists of
over 200 compounds licensed from Duke University and National
Jewish Health.

The Company's lead compound, AEOL 10150, is being developed as a
medical countermeasure ("MCM") against the pulmonary sub-syndrome
of acute radiation syndrome ("Pulmonary Acute Radiation Syndrome"
or "Lung-ARS") as well as the gastrointestinal sub-syndrome of
acute radiation syndrome ("GI-ARS").  Both syndromes are caused by
acute exposure to high levels of radiation due to a radiological
or nuclear event.  It is also being developed for use as a MCM for
exposure to chemical vesicants such as chlorine gas, sulfur
mustard gas and nerve agents.

Aeolus reported a net loss attributable to common stockholders of
$6.04 million on $2.07 million of contract revenue for the fiscal
year ended Sept. 30, 2016, compared to a net loss attributable to
common stockholders of $2.62 million on $3.11 million of contract
revenue for the fiscal year ended Sept. 30, 2015.

As of Sept. 30, 2016, Aeolus Pharmaceuticals had $4.17 million in
total assets, $972,000 in total liabilities and $3.19 million in
total stockholders' equity.


AGESONG GENESIS: Involuntary Chapter 11 Case Summary
----------------------------------------------------
Alleged Debtor: AgeSong Genesis, LLC
                   dba AgeSong University
                350 University Street
                San Francisco, CA 94134

Case Number: 17-30175

Type of Business: Health Care

Involuntary Chapter 11 Petition Date: February 24, 2017

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

Judge: Hon. Hannah L. Blumenstiel

Petitioners' Counsel: Randy Michelson, Esq.
                      MICHELSON LAW GROUP
                      220 Montgomery St. #2100
                      San Francisco, CA 94104
                      Tel: (415)512-8600
                      Fax: (415) 512-8601
                      E-mail:
randy.michelson@michelsonlawgroup.com

Alleged creditors who signed the involuntary petition:

   Petitioners                  Nature of Claim  Claim Amount
   -----------                  ---------------  ------------
AgeSong Living, LLC             Management Fee        $51,954
c/o Michelson Law Group
220 Montgomery Street
Suite 2100
San Francisco, CA 94104
Tel: (415) 512-8600

Eldership III, LLC              Assignment Fee     $1,020,719
c/o Michelson Law Group
220 Montgomery Street
Suite 2100
San Francisco, CA 94104
Tel: (415) 512-8600

Nader Shabahangi                   Salary             $12,461
c/o Michelson Law Group
220 Montgomery Street
Suite 2100
San Francisco, CA 94104
Tel: (415) 512-8600

Pacific Institute                 Reimbursement        $3,780
3121 Fruitvale Avenue
Oakland, CA 94602

Armando Ruiz                       Vacation Pay        $2,031
4694 Mammouth Lane
Oakley, CA 94561

Ray Navarra                       Tax Consulting       $2,200
381 Ivy Street, Unit #1
San Francisco, CA 94102

Ami Champaneri                     Vacation Pay        $5,047
1958 Hollyview Drive
San Ramon, CA 94582

Colleen Collins                       Bonus              $641
1827 Bay Street, #A
Alameda, CA 94501

Bokas Consulting                   Consulting Fee        $935
c/o Deno Bokas
536 Leavenworth Street
Unit 1103
San Francisco, CA 94109


ALL-TEX STAFFING: Voluntary Chapter 11 Case Summary
---------------------------------------------------
Debtor: All-Tex Staffing & Personnel, Inc.
        403 North Loop East
        Houston, TX 77022-539203

Case No.: 17-31109

Chapter 11 Petition Date: February 26, 2017

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

Judge: Hon. Jeff Bohm

Debtor's Counsel: Reese W Baker, Esq.
                  BAKER & ASSOCIATES LLP
                  5151 Katy Freeway Ste 200
                  Houston, TX 77007
                  Tel: 713-869-9200
                  Fax: 713-869-9100
                  E-mail: courtdocs@bakerassociates.net

Estimated Assets: $500,000 to $1 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Archie N. Patterson, president.

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

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

          http://bankrupt.com/misc/txsb17-31109.pdf


ALLIED CONSOLIDATED: Taps Harold Corzin as Expert Witness
---------------------------------------------------------
Allied Consolidated Industries, Inc. seeks approval from the U.S.
Bankruptcy Court for the Northern District of Ohio to hire an
expert witness.

The Debtor proposes to hire Harold Corzin, Esq., an expert in
Chapter 7 administration, to provide testimony in connection with
the motions filed by the Office of the U.S. Trustee and the United
States Steel to convert its bankruptcy case to one under Chapter 7.
A court hearing on the motions is scheduled for March 14.

Mr. Corzin will charge an hourly rate of $335 for his services.

In a court filing, Mr. Corzin disclosed that he is a "disinterested
person" as defined in section 101(14) of the Bankruptcy Code.

              About Allied Consolidated Industries

Co-founded on March 7, 1973 by current president, John R. Ramun,
and his father, Michael Ramun, Allied Erecting and Dismantling,
Inc. provided industrial dismantling of decommissioned industrial
facilities.  In 1985, Allied Industrial Scrap, Inc., Allied
Industrial Equipment, Inc., Allied Industrial Development
Corporation, and Allied Industrial Contracting, Inc., came into
being.  The Allied companies' complex at 1999 Poland Avenue,
Youngstown, Ohio includes a 25,000 square foot office building and
a new 218,000 square foot machine shop, office, and training
facility.

Allied Consolidated Industries, Inc. is the parent company.
President John R. Ramun is a 75% shareholder and his broter,
Michael D. Ramun, is a 25% shareholder.

Allied Consolidated Industries, Allied Erecting and Dismantling,
Allied Gator, Inc., and Allied Industrial Scrap sought protection
under Chapter 11 of the Bankruptcy Code (Bankr. N.D. Ohio Lead Case
No. 16-40675) on April 13, 2016.  The petitions were signed by John
R. Ramun, president.

The Court approved the retention of Suhar & Macejko, LLC as counsel
for the Debtors on May 12, 2016.  The Court entered an agreed order
approving the retention of Inglewood Associates, LLC as turnaround
managers on May 13, 2016.  The Court approved the retention of
Eckert Seamans Cherin & Mellott, LLC, as special counsel on July
18, 2016.

The Debtors have sought approval to employ Landmark Real Estate
Services, LLC as the non-exclusive real estate broker in connection
with the listing for sale of 240 acres of properties for a listing
period through June 30, 2017.

On May 16, 2016, the United States Trustee filed a notice of
appointment of an Official Committee of Unsecured Creditors.  On
June 30, 2016, the bankruptcy court granted Committee's application
to retain counsel.

On July 11, 2016, the bankruptcy court entered an order granting
substantive consolidation of the estates of the debtor companies.


AMERICAN AIRLINES: Pennsylvania Court Dismisses "Preitz"
--------------------------------------------------------
Judge C. Darnell Jones, II, of the United States District Court for
the Eastern District of Pennsylvania dismissed the case captioned
WALLACE T. PREITZ, II, Plaintiff, v. AMERICAN AIRLINES, INC., et
al., Defendants, Civil Action No. 11-44 (E.D. Pa.), with prejudice
and without costs pursuant to Local Rule 41.1(b).

Counsel previously notified the district court that the parties had
reached a "tentative settlement" with the assistance of a mediator
on or around October 30, 2015.  Prior to the settlement talks, but
after the action was commenced, the defendants sought Chapter 11
bankruptcy protection.  On October 7, 2016, counsel informed the
district court that the parties had executed a settlement
agreement, but indicated that approval of the settlement was
pending before the bankruptcy court.  Counsel also noted that "the
agreement provides that the lawsuit would not be dismissed until a
distribution of the settlement proceeds actually occurs" and that,
if a distribution did not occur by the end of 2016, the plaintiff
reserved the right to declare the agreement null and void.

The district court maintained the case in suspense pending the
bankruptcy court's approval and ordered a joint status report to be
filed by no later than January 10, 2017.  

In a letter dated January 6, 2017, counsel informed the district
court that the bankruptcy court had approved the settlement and
that, despite the fact that a distribution had not been made before
the close of 2016, the plaintiff had opted not to nullify the
agreement.  The letter also reiterated that the parties agreed to
condition dismissal of the lawsuit on whether a "distribution of
the settlement proceeds actually occurs."  Thus, the parties
requested that the matter remain in suspense until the defendants
make such distribution.  Put differently, the parties were asking
the district court to retain jurisdiction over the matter
indefinitely to supervise the implementation, or enforcement, of
the settlement agreement.

Judge Jones declined to do so.  The judge explained that while
courts have the "discretion" to retain jurisdiction over a case for
the limited purpose of overseeing a settlement contract "if the
parties agree," it is the district court's practice to limit the
exercise of such jurisdiction to the 90-day period prescribed under
Local Rule 41.1(b).

A full-text copy of Judge Jones' January 11, 2017 order and
memorandum is available at https://is.gd/mHZPDi from Leagle.com.

WALLACE T. PREITZ, II is represented by:

          Ronald H. Surkin, Esq.
          SCHOENFELD, SURKIN, CHUPEIN & DEMIS PC
          25 West Second Street
          Media, PA 19063-0900
          Tel: (610)565-4600
          Fax: (610)566-8257

AMERICAN AIRLINES, INC., AMERICAN AIRLINES, INC. PILOT LONG TERM
DISABILITY PLAN, AMERICAN AIRLINES, INC. PENSION BENEFITS
ADMINISTRATION COMMITTEE are represented by:

          Ellen L. Perlioni, Esq.
          OLGETREE, DEAKINS, NASH, SMOAK & STEWART, P.C.
          Preston Commons West
          8117 Preston Road, Suite 500
          Dallas, TX 75225
          Tel: (214)987-3800
          Email: ellen.perlioni@ogletree.com

            -- and --

          Brian W. Sullivan, Esq.
          MORGAN LEWIS & BOCKIUS
          1701 Market St.
          Philadelphia, PA 19103-2921
          Tel: (215)963-5000
          Email: brian.sullivan@morganlewis.com
                 
                   About American Airlines

AMR Corp. and its subsidiaries including American Airlines, the
third largest airline in the United States, filed for bankruptcy
protection (Bankr. S.D.N.Y. Lead Case No. 11-15463) in Manhattan
on Nov. 29, 2011, after failing to secure cost-cutting labor
agreements.

AMR, previously the world's largest airline prior to mergers by
other airlines, is the last of the so-called U.S. legacy airlines
to seek court protection from creditors.

American Airlines, American Eagle and the AmericanConnection
carrier serve 260 airports in more than 50 countries and
territories with, on average, more than 3,300 daily flights.  The
combined network fleet numbers more than 900 aircraft.

The Company reported a net loss of $884 million on $18.02 billion
of total operating revenues for the nine months ended Sept. 30,
2011.  AMR recorded a net loss of $471 million in the year 2010, a
net loss of $1.5 billion in 2009, and a net loss of $2.1 billion
in 2008.

AMR's balance sheet at Sept. 30, 2011, showed $24.72 billion
in total assets, $29.55 billion in total liabilities, and a
$4.83 billion stockholders' deficit.

Weil, Gotshal & Manges LLP serves as bankruptcy counsel to the
debtors.  Paul Hastings LLP and Debevoise & Plimpton LLP Groom Law
Group, Chartered, are on board as special counsel.  Rothschild
Inc., is the financial advisor.   Garden City Group Inc. is the
claims and notice agent.

Jack Butler, Esq., John Lyons, Esq., Felecia Perlman, Esq., and
Jay Goffman, Esq., at Skadden, Arps, Slate, Meagher & Flom LLP
serve as counsel to the Official Committee of Unsecured Creditors
in AMR's chapter 11 proceedings.  Togut, Segal & Segal LLP is the
co-counsel for conflicts and other matters; Moelis & Company LLC
is the investment banker, and Mesirow Financial Consulting, LLC,
is the financial advisor.


ANCHOR R&R: Voluntary Chapter 11 Case Summary
---------------------------------------------
Debtor: Anchor R&R, LLC
        1271 Nutwood Street
        Garden Grove, CA 92840

Case No.: 17-10703

Chapter 11 Petition Date: February 24, 2017

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

Judge: Hon. Catherine E. Bauer

Debtor's Counsel: Charity J Miller, Esq.
                  GOE & FORSYTHE LLP
                  18101 Von Karman Ave Ste 1200
                  Irvine, CA 92612
                  Tel: 949-798-2460
                  Fax: 949-955-9437
                  E-mail: cmiller@goeforlaw.com

Estimated Assets: $10 million to $50 million

Estimated Debts: $1 million to $10 million

The petition was signed by Teresa Anne Roebuck, manager.

The Debtor listed Bohm Wildish, LLP, holding a claim of $100,000,
as its as its lone unsecured creditor.

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

               http://bankrupt.com/misc/cacb17-10703.pdf


ANDRA'S REDEMPTION: Voluntary Chapter 11 Case Summary
-----------------------------------------------------
Debtor: Andra's Redemption, Inc.
        104-07 95th Avenue
        Ozone Park, NY 11416

Case No.: 17-40825

Chapter 11 Petition Date: February 24, 2017

Court: United States Bankruptcy Court
       Eastern District of New York (Brooklyn)

Judge: Hon. Nancy Hershey Lord

Debtor's Counsel: Bruce Weiner, Esq.
                  ROSENBERG, MUSSO & WEINER, LLP
                  26 Court Street, Suite 2211
                  Brooklyn, NY 11242
                  Tel: (718) 855-6840
                  Fax: 718-625-1966
                  E-mail: courts@nybankruptcy.net

Total Assets: $1.02 million

Total Liabilities: $493,000

The petition was signed by Andra Indarmattie, president.

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

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

           http://bankrupt.com/misc/nyeb17-40825.pdf


AVAYA INC: Stops Paying Supplemental Pension Benefits
-----------------------------------------------------
Lillian Rizzo, writing for The Wall Street Journal, reported that
Avaya Inc. sent a letter to retirees saying that because of its
recent Chapter 11 filing, as of Feb. 1, 2017, it would stop paying
so-called supplemental pension benefits to certain retirees until
further notice.  Some retirees recently received notice that March
checks also wouldn't arrive, the report related.

According to the report, an Avaya spokesman said the company
continues to pay federally guaranteed pension payments but doesn't
"have the court's authority to make supplemental pension
payments…at this point in time."  He declined to elaborate on
Avaya's plans for these benefits, which are among the liabilities
that companies often shed in bankruptcy, the report further
related.

The Journal pointed out that bankruptcy exposes employees and
pensioners to cuts, if not the outright loss, of benefits, only
some of which are guaranteed by federal pension laws.  That means
when companies file for bankruptcy protection, as Avaya did, there
is no safety net for the unguaranteed benefits, the Journal further
pointed out.

The Journal, citing court papers, said Avaya's qualified pension
plans, which are backed by the Pension Benefit Guaranty Corp.,
cover about 1,700 active workers and 13,000 retirees.  These plans
pay out about $55 million to beneficiaries per quarter, the report
added.  It is unknown how many of its pensioners receive
supplemental pension checks, the report said.

                             About Avaya

Avaya Inc., together with its affiliates, is a multinational
company that provides communications products and services,
including, telephone communications, internet telephony, wireless
data communications, real-time video collaboration, contact
centers, and customer relationship software to companies of
various
sizes.  The Avaya Enterprise serves over 200,000 customers,
consisting of multinational enterprises, small- and medium-sized
businesses, and 911 services as well as government organizations
operating in a diverse range of industries.   It has approximately
9,700 employees worldwide as of Dec. 31, 2016.

Avaya sought protection under Chapter 11 of the Bankruptcy Code
(Bankr. S.D.N.Y. Case No. 17-10089) on Jan. 19, 2017.  Seventeen
Avaya affiliates also filed separate petitions, signed by Eric S.
Koza, CFA, chief restructuring officer, on Jan. 19, 2017.  Judge
Stuart M. Bernstein presides over the cases.

The Debtors have hired Kirkland & Ellis LLP as legal counsel,
Centerview Partners LLC as investment banker, Zolfo Cooper LLC as
restructuring advisor, PricewaterhouseCoopers LLP as auditor, KPMG
LLP as tax and accountancy advisor, The Siegfried Group, LLP as
financial services consultant.

William K. Harrington, the U.S. Trustee for Region 2, on Jan. 31,
2017, appointed seven creditors of Avaya Inc. to serve on the
official committee of unsecured creditors.


BIOSCRIP INC: GAMCO Asset et al. Hold 13.15% Equity Stake
---------------------------------------------------------
In a regulatory filing with the Securities and Exchange Commission,
Gabelli Funds, LLC, et al., disclosed that as of Feb. 23, 2017,
they beneficially owned an aggregate of 15,469,385 shares of common
stock of BioScrip Inc., representing 13.15% of the 117,682,543
shares outstanding as reported by the Company in its Form 10-Q for
the quarterly period ended Sept. 30, 2016.  The Reporting Persons
beneficially own those Securities as follows:

                             Shares of        % of Class of
   Name                     Common Stock       Common Stock
   ----                     ------------      -------------
GAMCO Asset Management       1,018,751            0.87%
Gabelli Funds, LLC          13,498,334           11.47%
Teton Advisors, Inc.           950,000            0.81%
GAMCO Investors, Inc.            2,300            0.00%

A full-text copy of the Schedule 13D/A is available at:

                     https://is.gd/G6kpfD

                        About Bioscrip

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

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

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

                          *    *    *

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

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


BIOSTAR PHARMACEUTICALS: Has Noncompliance Notice From Nasdaq
-------------------------------------------------------------
Biostar Pharmaceuticals, Inc., received a notification letter from
Nasdaq Listing Qualifications on Feb. 21, 2017, advising the
Company that, following Zhongyang Shang's resignation as an
independent director of the Company, the Company was not in
compliance with Nasdaq's continued listing requirements set forth
in Listing Rule 5605 pertaining to the independent director
membership of the Company's Board and its Audit and Compensation
Committees.

Pursuant to Listing Rules 5605(b)(1)(A), 5605(c)(4) and 5605(d)(4),
the Company is extended a cure period to regain compliance with the
foregoing deficiency as follows:

  * Until the earlier of the Company's next annual shareholders'
    meeting or Feb. 5, 2018, or

  * If the next annual shareholders' meeting is held before
    Aug. 4, 2017, then the Company must evidence compliance no
    later than Aug. 4, 2017.

If the Company does not regain compliance by the Compliance
Deadline, the Company's securities will be subject to delisting. At
that time, the Company may appeal the delisting determination to a
Hearings Panel.

In its Feb. 9, 2017, Current Report on Form 8-K, the Company
disclosed Mr. Shang's departure as a Board and Board committee
member due to severe personal health issues.  The Company is
currently going through the process of considering suitable
candidates to fill the vacancy resulting from Mr. Shang's
departure.  The Company intends to complete this process in due
course and by the Compliance Deadline so as to regain the Company's
compliance with the Nasdaq continued listing requirements.

                 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 $1.69 Million Net Loss in First Quarter
-------------------------------------------------------------------
Bulova Technologies Group, Inc. filed with the Securities and
Exchange Commission its quarterly report on Form 10-Q disclosing a
net loss of $1.69 million on $6.38 million of revenues for the
three months ended Dec. 31, 2016, compared with a net loss of $2.39
million on $413,269 of revenues for the same period in 2015.

As of Dec. 31, 2016, Bulova had $18.53 million in total assets,
$46.02 million in total liabilities and a total shareholders'
deficit of $27.48 million.

As of Dec. 31, 2016, the Company's sources of liquidity consisted
of new debt as well as new sales reported in the commercial sales
and service business segment along with the new sales in the
transportation segment of the business.

As of Dec. 31, 2016, the Company had $398,261 in cash and cash
equivalents.  

Cash flows used in operating activities was $598,528 for the three
months ended Dec. 31, 2016.  

Cash flows provided by in investing activities was $36,626 for the
three months ended Dec. 31, 2016.

Cash flows provided by financing activities were $309,901 for the
three months ended Dec. 31, 2016.

"The Company's ability to cover its operating and capital expenses,
and make required debt service payments will depend primarily on
its ability to generate operating cash flows.

"The Company's business may not generate cash flows at sufficient
levels, and it is possible that currently anticipated contract
awards may not be achieved.  If we are unable to generate
sufficient cash flow from operations to service our debt, we may be
required to reduce costs and expenses, sell assets, reduce capital
expenditures, refinance all or a portion of our existing debt as
well as our operating needs, or obtain additional financing and we
may not be able to do so on a timely basis, on satisfactory terms,
or at all.  Our ability to make scheduled principal payments or to
pay interest on or to refinance our indebtedness depends on our
future performance and financial results, which, to a certain
extent, are subject to general economic, political, financial,
competitive, legislative and regulatory factors beyond our control.


"While the Company believes that anticipated revenues resulting
from its expanded efforts relative to its transportation and
commercial sales segments will be sufficient to bring profitability
and a positive cash flow to the Company, it is uncertain that these
results can be achieved.  Accordingly, the Company will, in all
likelihood have to raise additional capital to operate.  There can
be no assurance that such capital will be available when needed, or
that it will be available on satisfactory terms," the Company
stated in the report.

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

                     https://is.gd/RRBR8g

                         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.

Bulova reported 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.


BURGESS MACHINERY: Case Summary & 20 Largest Unsecured Creditors
----------------------------------------------------------------
Debtor: Burgess Machinery, LLC
        2435 Kentucky Avenue, Unit 24
        Indianapolis, IN 46221

Case No.: 17-01019

Chapter 11 Petition Date: February 24, 2017

Court: United States Bankruptcy Court
       Southern District of Indiana (Indianapolis)

Judge: Hon. James M. Carr

Debtor's Counsel: David R. Krebs, Esq.
                  HESTER BAKER KREBS LLC
                  One Indiana Square, Suite 1600
                  211 N. Pennsylvania Street
                  Indianapolis, IN 46204
                  Tel: 317-833-3030
                  Fax: 317-833-3031
                  E-mail: dkrebs@hbkfirm.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Doyle Burgess, owner/managing member.

A copy of the Debtor's list of 20 largest unsecured creditors is
available for free at http://bankrupt.com/misc/insb17-01019.pdf


CALIFORNIA RESOURCES: Posts $279 Million Net Income for 2016
------------------------------------------------------------
California Resources Corporation filed with the Securities and
Exchange Commission its annual report on Form 10-K disclosing
net income of $279 million on $1.54 billion of total revenues for
the year ended Dec. 31, 2016, compared to a net loss of $3.55
billion on $2.40 billion of total revenue for the year ended
Dec. 31, 2015.

As of Dec. 31, 2016, California Resources had $6.35 billion in
total assets, $6.91 billion in total liabilities and a total
deficit of $557 million.

"Low commodity prices, coupled with substantial interest payments,
could constrain our liquidity.  A significant reduction in our
liquidity may force us to take actions which could have significant
adverse effects," the Company said.

The primary source of liquidity and resources to fund the Company's
capital program and other obligations is cash flow from operations
and borrowings under its revolving credit facility.  The Company's
borrowing capacity is limited.

"Further price declines would reduce our cash flows from operations
and may limit our access to borrowing capacity or cause default
under our credit facilities or notes.  Under these conditions, if
we were unable to achieve improved liquidity through additional
financing, asset monetizations, restructuring of our debt
obligations, equity issuances or otherwise, cash flow from
operations and expected available credit capacity could be
insufficient to meet our commitments.  Successfully completing
these actions could have significant adverse effects such as higher
operating and financing costs, loss of certain tax attributes or
dilution of equity.

"We have significant indebtedness and may incur more debt.  Higher
levels of indebtedness could make us more vulnerable to economic
downturns and adverse developments in our business or otherwise
limit our operational flexibility."

As of Dec. 31, 2016, the Company had $5.3 billion of consolidated
indebtedness comprised of senior unsecured notes, second lien
secured notes and first-out and second-out secured credit facility
borrowings.

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

                      https://is.gd/Q4gz94

                    About California Resources

California Resources Corporation is an independent oil and natural
gas exploration and production company operating properties
exclusively within the State of California.  The Company was
incorporated in Delaware as a wholly-owned subsidiary of Occidental
on April 23, 2014, and remained a wholly-owned subsidiary of
Occidental until the Spin-off.  On Nov. 30, 2014, Occidental
distributed shares of the Company's common stock on a pro rata
basis to Occidental stockholders and the Company became an
independent, publicly traded company, referred to in the annual
report as the Spin-off.  Occidental retained approximately 18.5% of
the Company's outstanding shares of common stock which it has
stated it intends to divest on March 24, 2016.

                           *    *    *

In September 2016, S&P Global Ratings raised its corporate credit
rating on California Resources to 'CCC+' from 'SD'.  "We raised
the corporate credit rating on CRC to reflect our reassessment of
its credit profile following the tender for its senior unsecured
notes," said S&P Global Ratings credit analyst Paul Harvey.  "The
rating reflects our expectation that debt leverage will remain at
what we consider unsustainable levels over the next 24 months
despite the net-debt reduction of about $625 million from the
tender," he added.

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


CAMBER ENERGY: Offering $150 Million Worth of Securities
--------------------------------------------------------
Camber Energy, Inc.. filed a Form S-3 registration statement with
the Securities and Exchange Commission relating to the offering,
from time to time, of debt securities, shares of its common stock,
shares of its preferred stock, depositary shares, warrants,
subscription rights, purchase contracts and units that include any
of these securities.  Any non-convertible debt securities the
Company will issue under this prospectus may be guaranteed by
certain of its subsidiaries.

The aggregate initial offering price of the securities that the
Company offers will not exceed $150,000,000.  The Company will
offer the securities in amounts, at prices and on terms to be
determined at the time of the offering.

The Company's common stock is quoted on the NYSE MKT under the
symbol "CEI."  The last reported sale price of its common stock on
Feb. 22, 2017, was $0.69 per share.

The aggregate market value of the Company's outstanding common
stock held by non-affiliates was $11,765,061 based on 23,766,733
shares of outstanding common stock as of Feb. 22, 2017, of which
approximately 17,050,814 shares were held by non-affiliates, and
based on the last reported sale price of the Company's common
stock.  Pursuant to General Instruction I.B.6 of Form S-3, in no
event will the Company sell securities pursuant to this prospectus
with a value of more than one-third of the aggregate market value
of its common stock held by non-affiliates in any 12-month period,
so long as the aggregate market value of our common stock held by
non-affiliates is less than $75,000,000.  In the event that
subsequent to the date of this prospectus, the aggregate market
value of the Company's outstanding common stock held by
non-affiliates equals or exceeds $75,000,000, then the one-third
limitation on sales will not apply to additional sales made
pursuant to this prospectus.

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

  
                      https://is.gd/t9evYs

                     About Camber Energy, Inc.

Based in Houston, Texas, Camber Energy (NYSE MKT: CEI) is a
growth-oriented, independent oil and gas company engaged in the
development of crude oil and natural gas in the Austin Chalk and
Eagle Ford formations in south Texas, the Permian Basin in west
Texas, and the Hunton formation in central Oklahoma.

Lucas Energy changed its name to Camber Energy, Inc., effective
Jan. 5, 2017, to more accurately reflect the Company's strategic
shift from its Austin Chalk and Eagleford roots to an expanding
addition of shallow oil and gas reserves with longer-lived,
lower-risk production profiles.

Lucas Energy reported a net loss of $25.4 million for the year
ended March 31, 2016, compared to a net loss of $5.12 million for
the year ended March 31, 2015.

As of Sept. 30, 2016, Lucas Energy had $71.32 million in total
assets, $53.58 million in total liabilities and $17.74 million in
total stockholders' equity.

Hein & Associates LLP, in Houston, Texas, issued a "going concern"
qualification on the consolidated financial statements for the year
ended March 31, 2016, citing that the Company has incurred
significant losses from operations and had a working capital
deficit of $9.6 million at March 31, 2015.  These factors raise
substantial doubt about the Company's ability to continue as a
going concern.


CAMBER ENERGY: Signs $11M Deal to Buy 13K Acres in Permian Basin
----------------------------------------------------------------
Camber Energy, Inc. announced that its newly formed subsidiary,
Camber Permian II LLC, has entered into a definitive Purchase and
Sale Agreement with private sellers to acquire oil and gas leases
covering approximately 15,500 gross acres (13,000 net acres) in the
Permian Basin for $11.03 million (known as the "Arrowhead
Project").

The Arrowhead Project covers a contiguous block of acreage across
the Yoakum and Cochran County line of the Permian Basin and
includes a completed horizontal San Andres well and a salt-water
disposal well, both currently shut-in.  CPII will put the San
Andres well back into production once the salt-water disposal well
is placed into service.  The transaction, which is targeted to
close on or before March 30, 2017, is subject to, among other
things, certain purchase price adjustments pursuant to title
confirmation and a customary due diligence investigation.

Concurrently with the execution of the PSA, CPII also entered into
an exploration agreement with certain undisclosed joint-venture
partners.  This agreement gives CPII access to the proprietary
technical, geologic database over the Arrowhead Project.  As
consideration, the joint-venture partners have the option to own up
to a 10% working interest, 5% of which is carried in the lease
acquisition.  CPII will own the remaining 90% to 95% working
interest in the leasehold and will control operatorship of the
subject properties.

The acquisition of the Arrowhead Project will initially be 100%
funded by Jaffe Energy, Inc. ("JEI").  JEI is a closely-held,
newly-formed investment vehicle, led by Morris D. "Doug" Jaffe,
Jr., Chief Executive Officer, and Justin Jaffe, President.  Doug
Jaffe, Jr., is an accomplished businessman with a history of
investments in the energy sector.  In the late 1980s Mr. Jaffe
purchased over ten percent of the total outstanding shares of
Apache Corporation stock and joined Apache's Board of Directors at
a speculative time in that company's history.  Subsequently, Apache
successfully transitioned from a partnership-based company to a
pure oil and gas exploration and production play to become what it
is today, a large, international E&P company.  Justin Jaffe will
spearhead the initial investments in the San Andres with Camber
Energy.

CPII is structured to ultimately be jointly owned 50%/50% by the
Company and JEI, after giving effect to certain earn-in provisions
requiring the Company to fund 100% of the drilling and completion
spending until such time when Camber's capital investment is equal
to the initial capital investment made by JEI, plus an agreed
premium to such amount, which is currently estimated to occur after
the drilling and completion of six (6) initial wells.  CPII expects
to drill and complete these initial wells, or more, at the
Arrowhead Project during calendar 2017, subject to obtaining
development financing.

"This acquisition is consistent with our objectives to
significantly increase the Company's presence in the
rapidly-emerging horizontal San Andres play of the Permian Basin.
Geographically, the Arrowhead Project is entirely separate from our
other San Andres acreage position, and it expands and diversifies
our exposure to this new play," said Anthony C. Schnur, the chief
executive officer of Camber Energy.  "We are also pleased to
welcome our financial partner, Jaffe Energy, joining Camber in this
transaction.

"We expect this acquisition to provide the Company with a
multi-year growth opportunity and an inventory of 75-plus potential
drilling locations," Mr. Schnur continued.  "At closing, Camber
will have amassed an operated position of approximately 16,000 net
acres in the Permian Basin, representing another step in our
commitment to growth by adhering to our core competencies. Through
our ownership and 20-plus year knowledge archive of the similar
Hunton play in central Oklahoma, we believe that a number of
practices and operational efficiencies from the Hunton may be
applied advantageously to our San Andres development. We continue
to maintain an aggressive growth posture and are intent on building
shareholder value through field re-development, drilling, and
continued strategic asset acquisitions."

                     About Camber Energy, Inc.

Based in Houston, Texas, Camber Energy (NYSE MKT: CEI) is a
growth-oriented, independent oil and gas company engaged in the
development of crude oil and natural gas in the Austin Chalk and
Eagle Ford formations in south Texas, the Permian Basin in west
Texas, and the Hunton formation in central Oklahoma.

Lucas Energy changed its name to Camber Energy, Inc., effective
Jan. 5, 2017, to more accurately reflect the Company's strategic
shift from its Austin Chalk and Eagleford roots to an expanding
addition of shallow oil and gas reserves with longer-lived,
lower-risk production profiles.

Lucas Energy reported a net loss of $25.4 million for the year
ended March 31, 2016, compared to a net loss of $5.12 million for
the year ended March 31, 2015.

As of Sept. 30, 2016, Lucas Energy had $71.32 million in total
assets, $53.58 million in total liabilities and $17.74 million in
total stockholders' equity.

Hein & Associates LLP, in Houston, Texas, issued a "going concern"
qualification on the consolidated financial statements for the year
ended March 31, 2016, citing that the Company has incurred
significant losses from operations and had a working capital
deficit of $9.6 million at March 31, 2015.  These factors raise
substantial doubt about the Company's ability to continue as a
going concern.


CARAUSTAR INDUSTRIES: Moody's Affirms B2 Corp. Family Rating
------------------------------------------------------------
Moody's Investors Service affirmed the B2 corporate family rating
and the B2-PD probability of default rating of Caraustar
Industries, Inc. and revised the outlook to stable from negative.
Moody's also assigned a Ba2 rating to the new $100 million senior
secured asset-based revolving facility due December 2021, which is
expected to be undrawn at close, and a B2 rating to the new $860
million senior secured term loan due in 2022. The transaction is
leverage neutral as the proceeds from the term loan will be used to
refinance existing credit facilities. Moody's views the transaction
as a modest credit positive as it extends debt maturities by three
years and lowers the company's interest cost. Moody's will withdraw
the ratings on the existing facilities once the transaction
closes.

The revision of the outlook to stable reflects the company's
improved free cash flow generation despite headwinds in the North
American paperboard market and expectations that Moody's adjusted
leverage will track toward 5 times over the next 12 months.

"Caraustar's improved free cash flow and debt reduction position
the company more solidly in the B2 rating category," said
Anastasija Johnson, Moody's analyst. "Moody's also expects earnings
improvement in 2017 due to completed facility consolidation,
ramp-up of coated recycled board production at the Sweetwater mill
and last year's LA Paperbox acquisition."

Issuer: Caraustar Industries, Inc.

Assignments:

-- Senior Secured Term Loan, Assigned B2 (LGD4)

-- Senior Secured ABL Revolving Credit Facility, Assigned Ba2
(LGD1)

Affirmations:

-- Probability of Default Rating, Affirmed B2-PD

-- Corporate Family Rating, Affirmed B2

Outlook Actions:

-- Outlook, Changed To Stable From Negative

RATINGS RATIONALE

Caraustar's B2 corporate family rating reflect its high leverage
(5.6x in the twelve months ended December 2016, as adjusted by
Moody's), limited product diversity with concentration in the
recycled paperboard and risks associated with private equity
ownership. Caraustar benefits from its position as the second
largest producer of uncoated recycled paperboard (URB), however,
this segment is less consolidated than other packaging boxboard
grades, which could result in pricing pressures amid slack demand
or difficulty in implementing price increases when raw material
costs are rising. The rating also reflects risks related to the
company's acquisition-driven growth strategy as well as its
exposure to the volatile recycled fiber and energy costs.
Caraustar's vertically integrated business model, completed
facility consolidation, increasing production of coated recycled
board (CRB) at the Sweetwater mill in Georgia, lower capital
expenditures and interest cost and announced price increases
support strong margins in the mid-teens and should lead to improved
free cash flow despite headwinds from rising recycled fiber costs.
The company also benefits from good liquidity.

The stable outlook reflects Moody's expectations that the company
will improve its free cash flow in 2017, continue to reduce debt
and will be able to recover rising recycled fiber costs through
price increases and contractual cost pass-throughs.

Caraustar is expected to have good liquidity over the next 12
months supported by internal cash flow generation and availability
under its proposed $100 million revolving facility which is subject
to borrowing base limitations and expires in December 2021. The
company had $5 million of cash and $1.5 million of borrowings under
the current revolver as of December 2016. The revolver had $81.2
million of availability net of $17.3 million of letters of credit
outstanding. The new revolver is expected to be undrawn at the
completion of the transaction. The company has no near-term
maturities and annual term loan amortization is $8.6 million. The
revolver has a springing fixed charge covenant if availability
falls below the greater of (i) 10% of the lesser of the commitment
or the borrowing base, and (ii) $7.5 million. The company currently
has significant headroom under the covenant and Moody's do not
expects the covenant to be tested. There are no covenants on the
term loans. All of the assets are encumbered under the secured
credit facility leaving no sources of alternative liquidity.

The Ba2 rating on the asset-based revolving credit facility due
December 2021 and B2 rating on the first lien term loan due in 2022
reflect their respective collateral and relative position in the
company's capital structure. The ABL facility is secured
predominantly by a first lien on the receivables and inventory and
the second lien on the property, equipment and other assets. The
term loan is secured predominantly by a first lien on all real
property and other assets of the company other than the ABL
collateral, and the second lien on the ABL collateral.

To achieve an upgrade, the company needs to diversify its product
portfolio, maintain strong EBITDA margins, reduce debt-to-EBITDA to
4.5 times and improve retained cash flow-to-debt to 10%.

The ratings could be downgraded if operating environment and credit
metrics deteriorate, specifically if leverage increases to over 6
times on a sustained basis. The rating could also be downgraded if
liquidity deteriorates or if the company undertakes another
significant debt-financed acquisition or dividend
recapitalization.

The principal methodology used in these ratings was Global Paper
and Forest Products Industry published in October 2013.

Headquartered in Austell, Georgia, Caraustar Industries, Inc. is an
integrated manufacturer of 100% recycled paperboard and converted
paperboard products. Caraustar serves the four principal recycled
boxboard product end-use markets: tubes and cores, folding cartons,
gypsum facing paper and specialty paperboard products. The company
has 13 paper mills that produce both uncoated recycled board and
coated recycled board, 37 tube and core converting plants, 5
folding carton converting plants and 1 composite can facility.
Caraustar reported sales of $1.2 billion in the twelve months ended
December 30,. Caraustar is a portfolio company of H.I.G. Capital.



CLASSICAL DEVELOPMENT: Case Summary & 5 Unsecured Creditors
-----------------------------------------------------------
Debtor: Classical Development, Ltd.
        1240 Clear Lake City Blvd
        Houston, TX 77062

Case No.: 17-31113

Nature of Business: Single Asset Real Estate

Chapter 11 Petition Date: February 27, 2017

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

Judge: Hon. Karen K. Brown

Debtor's Counsel: Julie Mitchell Koenig, Esq.
                  COOPER & SCULLY, PC
                  815 Walker, Suite 1040
                  Houston, TX 77002
                  Tel: 713-236-6800
                  Fax: 713-236-6880
                  E-mail: julie.koenig@cooperscully.com

Total Assets: $3.25 million

Total Liabilities: $1.43 million

The petition was signed by Fred Forshey, president-general partner
Music Mgmt.

A copy of the Debtor's list of five unsecured creditors is
available for free at http://bankrupt.com/misc/txsb17-31113.pdf


COCRYSTAL PHARMA: Motus GI's Martin Named Interim CFO
-----------------------------------------------------
Cocrystal Pharma, Inc., entered into an agreement with James J.
Martin to serve as the interim chief financial officer of the
Company as an independent contractor beginning Feb. 27, 2017.  Mr.
Martin will be compensated $125 per hour up to a maximum of $7,500
per week.

Mr. Martin, 50, has served as chief financial officer of
Non-Invasive Monitoring Systems, Inc. (OTCPink:NIMU) since January
2011.  Since November 2016, he has served as chief financial
officer of Motus GI Holdings, Inc, a privately held medical device
company.  From September 2014 to November 2016, Mr. Martin served
as Chief Financial Officer of VBI Vaccines Inc. (formerly SciVac
Therapeutics, Inc.) (NASDAQ: VBIV), a pharmaceutical development
and manufacturing company.  From April 2014 to September 2015, Mr.
Martin served as chief financial officer of Vapor Corp, Inc.
(NASDAQ: VPCO), a vaporizer retail and wholesale company.  From
January 2011 to Oct. 2, 2013, Mr. Martin served as chief financial
officer of SafeStitch prior to its merger with TransEnterix, Inc.

Previously, on Feb. 8, 2017, the Company had entered an agreement
with Craig Hooson, a financial consultant with Tatum LLC, to serve
as the Company's interim chief financial officer.  The Company
delayed reporting Mr. Hooson's appointment on Form 8-K pending its
planned issuance of a press release.  However, on Feb. 17, 2017,
prior to beginning his work for the Company, Mr. Hooson withdrew
his acceptance of the Company's offer.

                    About Cocrystal Pharma

Cocrystal Pharma, Inc., formerly known as Biozone Pharmaceuticals,
Inc., is a pharmaceutical company with a mission to discover novel
antiviral therapeutics as treatments for serious and/or chronic
viral diseases.  Cocrystal Pharma employs unique technologies and
Nobel Prize winning expertise to create first- and best-in-class
antiviral drugs.  These technologies and the Company's market-
focused approach to drug discovery are designed to efficiently
deliver small molecule therapeutics that are safe, effective and
convenient to administer.

The Company's primary business going forward is to develop novel
medicines for use in the treatment of human viral diseases.
Cocrystal has been developing novel technologies and approaches to
create first-in-class and best-in-class antiviral drug candidates
since its initial funding in 2008.  Subsequent funding was
provided to Cocrystal Discovery, Inc., by Teva Pharmaceuticals
Industries, Ltd., or Teva, in 2011.  The Company's focus is to
pursue the development and commercialization of broad-spectrum
antiviral drug candidates that will transform the treatment and
prophylaxis of viral diseases in humans.  By concentrating the
Company's research and development efforts on viral replication
inhibitors, the Company plans to leverage its infrastructure and
expertise in these areas.

Cocrystal Pharma reported a net loss of $50.1 million on $78,000
of grant revenues for the year ended Dec. 31, 2015, compared to a
net loss of $99,000 on $9,000 of grant revenues for the year ended
Dec. 31, 2014.

As of Sept. 30, 2016, Cocrystal Pharma had $220.90 million in total
assets, $53.07 million in total liabilities and $167.82 million in
total stockholders' equity.


COMSTOCK RESOURCES: Incurs $135.1 Million Net Loss in 2016
----------------------------------------------------------
Comstock Resources, Inc., reported financial and operating results
for the quarter and year ended Dec. 31, 2016.

Comstock produced 62 Bcfe or 169 million cubic feet equivalent
("MMcfe") per day during 2016.  Natural gas production grew 13% in
2016 to 53.7 Bcf while oil production decreased by 55% to 1.4
million barrels.  Natural gas comprised 87% of Comstock's 2016
total production as compared to 72% of total production in 2015.
Production in the fourth quarter of 2016 was 14 Bcfe or 153 MMcfe
per day, which was comprised of 3,217 barrels of oil and 133
million cubic feet ("MMcf") of natural gas.  The production decline
in the fourth quarter was primarily attributable to the suspension
of the drilling program in June 2016, which was restarted in the
fourth quarter, the Company's divestiture of certain natural gas
properties in the fourth quarter, and the shut-in of certain of the
Company's Haynesville shale production for offset completion
activity.

Oil and natural gas prices remained low in 2016 and continued to
negatively impact the Company's financial results.  Comstock's
average realized natural gas price, including realized hedging
gains, of $2.32 per thousand cubic feet ("Mcf") in the year ended
December 31, 2016 was comparable to the $2.33 per Mcf realized in
the year ended Dec. 31, 2015.  The Company's average realized oil
price decreased by 17% to $38.24 per barrel in the year ended
Dec. 31, 2016, as compared to $46.19 per barrel in the year ended
Dec. 31, 2015.  Oil and gas sales (including realized gains or
losses from hedging) in the year ended Dec. 31, 2016, of $177.8
million decreased by 30% as compared to $253.7 million in the year
ended Dec. 31, 2015.  EBITDAX, or earnings before interest, taxes,
depreciation, depletion, amortization, exploration expense and
other noncash expenses, decreased 40% to $90.9 million in the year
ended Dec. 31, 2016, from EBITDAX of $150.4 million in the year
ended Dec. 31, 2015.

In the fourth quarter of 2016, oil and natural gas prices improved
as compared to the fourth quarter of 2015.  Comstock's average
realized natural gas price, including realized hedging gains,
increased 41% to $2.85 per Mcf in the fourth quarter of 2016 as
compared to $2.02 per Mcf realized in the fourth quarter of 2015.
The Company's average realized oil price increased by 27% to $45.96
per barrel in the fourth quarter of 2016 as compared to $36.26 per
barrel in the fourth quarter of 2015.  Oil and gas sales in the
quarter (including realized gains from hedging) increased by 1% to
$48.5 million as compared to 2015's fourth quarter sales of $48.1
million.  EBITDAX was $27.2 million in the fourth quarter of 2016
as compared to EBITDAX of $27.0 million in the fourth quarter of
2015.

Comstock reported a net loss of $135.1 million, or $11.52 per
share, for the year ended Dec. 31, 2016 as compared to a net loss
of $1.0 billion, or $113.53 per share, for the year ended Dec. 31,
2015.  Excluding nonrecurring items from each period's results, the
net loss for the year ended Dec. 31, 2016, would have been $171.4
million, or $14.61 per share, as compared to a net loss of $189.2
million, or $20.51 per share, in the year ended Dec. 31, 2015.  The
nonrecurring items impacting 2016 results include impairments on
oil and gas properties and unevaluated leases and losses realized
from divestitures of $125.5 million, an unrealized loss from
derivative financial instruments of $7.5 million, an income tax
charge to reflect a change in state law of $7.2 million, and a gain
of $176.5 million from extinguishment of debt, less the
amortization of the original issue discount from the notes issued
in the debt exchange completed in September 2016.  Financial
results for the year ended Dec. 31, 2015, included impairments on
oil and gas properties and unevaluated leases and losses realized
from divestitures of $982.4 million, a valuation allowance on
deferred tax assets of $283.6 million, unrealized gain from
derivative financial instruments of $1.4 million, a net gain on
extinguishment of debt of $78.7 million, and drilling rig
termination fees of $1.7 million.

For the fourth quarter of 2016, Comstock reported a net loss of
$54.9 million, or $4.48 per share, as compared to a net loss of
$288.5 million, or $31.26 per share, for the fourth quarter of
2015.  Excluding nonrecurring items from each period's results, the
net loss for the fourth quarter of 2016 would have been $31.6
million, or $2.58 per share, as compared to a net loss of $42.2
million, or $4.57 per share, in the fourth quarter of 2015.  The
nonrecurring items impacting the fourth quarter 2016 results
include impairments on oil and gas properties and unevaluated
leases and losses realized from divestitures of $2.8 million, an
unrealized loss from derivative financial instruments of $6.0
million, an income tax charge to reflect a change in state law of
$3.4 million, and charges associated with the debt exchange
totaling $11.1 million.  Financial results for the fourth quarter
of 2015 included impairments on oil and gas properties and
unevaluated leases and losses realized from divestitures of $254.9
million, a valuation allowance on deferred tax assets of $93.4
million, an unrealized gain from derivative financial instruments
of $0.1 million, and a gain on extinguishment of debt of $23.2
million.

As of Dec. 31, 2016, Comstock Resources had $889.87 million in
total assets, $1.16 billion in total liabilities and a total
stockholders' deficit of $271.26 million.

                    2016 Drilling Program

The highlight of 2016 was the successful results from the Company's
Haynesville shale drilling program.  Despite a limited drilling
budget in 2016, Comstock added 286 Bcfe of new proved oil and
natural gas reserves primarily related to its Haynesville shale
properties.  In addition, the Company experienced 144 Bcfe in
upward revisions primarily related to the strong performance of the
Haynesville shale wells drilled in 2015 and 2016.

Comstock spent $59.5 million for its drilling activities in 2016.
Comstock drilled 13 wells (7.9 net) in 2016; 11 (7.8 net) of the
wells were Haynesville shale wells drilled in North Louisiana and
the remaining two (0.1 net) were non-operated Eagle Ford shale
wells.  Comstock's 2016 "all-in" finding costs were approximately
$0.14 per Mcfe.  Eleven (6.3 net) of the wells drilled in 2016 have
been completed.  The remaining two (1.6 net) wells will be
completed in March 2017.

The average initial production rate of the six completed operated
Haynesville wells was 24 MMcf per day.  Three of these wells have
been completed since the Company's operational update.  The Pace
James 5-8 #1 well in Logansport, Louisiana was drilled to a total
vertical depth of 11,245 feet with a 7,593 foot lateral.  This well
targeted the Haynesville shale and was tested with an initial
production rate of 25 MMcf per day.  The second well, the Claybrook
15 #2 was drilled in Desoto Parish, Louisiana to a total vertical
depth of 11,359 feet with a 4,389 foot lateral.  This well targeted
the Haynesville shale and was tested with an initial production
rate of 24 MMcf per day.  The third well, the Halsey 14 #1 was
drilled in Desoto Parish, Louisiana to a total vertical depth of
11,417 feet with a 4,476 foot lateral.  This well targeted the
Haynesville shale and was tested with an initial production rate of
21 MMcf per day.

The two (0.1 net) non-operated Eagle Ford shale wells that the
Company participated in achieved initial production rates of 1,826
and 1,639 barrels of oil per day.  The wells had 10,000 foot
laterals and were drilled 350 feet apart.  The results are very
encouraging and supportive of the Company resuming development of
its Eagle Ford shale properties where it has 336 identified future
locations based on similar well spacing.

Comstock currently plans to drill 20 (15.5 net) additional
Haynesville shale wells in 2017 and complete the 2016 wells at an
estimated capital outlay of $142.9 million.  Comstock has budgeted
an additional $7.0 million for other non-drilling expenditures.
The Company also has tentatively budgeted an additional $17.6
million for two (1.7 net) Bossier shale wells that may be drilled
in late 2017 depending on natural gas prices.  These wells would
further prove up the Bossier shale potential of its properties
demonstrated by the successful Jordan well drilled in 2015.

In order to lock in the returns that the Haynesville shale drilling
program can generate, the Company has, in the aggregate, hedged 72
million cubic feet per day of its 2017 natural gas production at a
NYMEX equivalent of $3.38 per Mcf.

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

                      https://is.gd/06eHAs

                    About Comstock Resources

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

                        *     *     *

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

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


COOK INVESTMENTS: Lender to be Paid in 5 Yrs at Reduced Interest
-----------------------------------------------------------------
Cook Investments NW, SPNWY, LLC, and its debtor-affiliates filed
with the U.S. Bankruptcy Court for the Western District of
Washington a joint disclosure statement filed on Feb. 21, 2017,
referring to the Debtors' plan of reorganization.

The Plan provides for the full payment of all creditors.  The Plan
incorporates the terms of a Chapter 11 plan agreement that was
entered into among the Debtors and Columbia State Bank that the
Court previously approved.  The Plan Agreement restructures the
Bank's claims for repayment over a period of up to five years at a
reduced interest rate.  Other creditors will be paid in full from
surplus cash flow from the Debtors' lease income.   

The Plan provides for the substantive consolidation of the Debtors
for purposes of performing under the Plan, and for full payment of
all creditors.  The Debtors will continue to operate under the Plan
Agreement following Confirmation until the Judgments are satisfied
in full.  Monthly rent collections by the lessor debtors total
$64,204, while monthly payments on the Class 4 Claim under the Plan
Agreement are $39,941.25.  All other creditors will be paid in full
from surplus funds from collection of rental income each month.    


A copy of the Disclosure Statement is available at:

         http://bankrupt.com/misc/wawb16-44782-51.pdf

            About Cook Investments NW, SPNWY, LLC

Cook Investments NW, SPNWY, LLC, filed a Chapter 11 bankruptcy
petition (Bankr. W.D.WA. Case No. 16-44782) on Nov. 21, 2016.  The
Hon. Brian D. Lynch presides over the case.  Bush Kornfeld LLP
represents the Debtor as counsel.

In its petition, the Debtor estimated $1 million to $10 million in
both assets and liabilities.  The petition was signed by Michael
Cook, sole member.


CORE RESOURCE: DOJ Watchdog Ordered to Appoint Chapter 11 Trustee
-----------------------------------------------------------------
Judge Brenda K. Martin of the U.S. Bankruptcy Court for the
District of Arizona entered an Order directing the U.S. Trustee to
appoint a Chapter 11 Trustee for Core Resource Management, Inc.

The Order was made pursuant to the Official Committee of Unsecured
Creditors' Renewed and Expedited Motion to Appoint a Chapter 11
Trustee for the Debtor.

As previously reported by The Troubled Company Reporter, the
Committee asked the Court to enter direct the immediate appointment
of a Chapter 11 Trustee for the Debtor based on the current
financial condition of the Debtor, current management and counsel's
participation in and/or knowledge of fraudulent conduct, current
management and counsel's inability and/or refusal to comply with
the Bankruptcy reporting requirements and orders to produce
documents, and the counsel's failure to disclose a material
conflict of interest entailing his representation of the Debtor's
chief financial officer during the pendency of the case.

The Committee also asked the Court to enter an order prohibiting
the Debtor's principals from accessing the Debtor's files or bank
accounts.

According to the Committee, a Chapter 11 Trustee can have access to
critical information, review and analyze the issues, benefit from
the research of the Committee and the advice of two expert
financial advisors.  The Committee believes it is well worth the
effort to have a Chapter 11 Trustee in place to see if there is a
recovery possible for the $3 million in debt probably created by
and certainly worsened by insider wrong-doing and mis- or
non-management.

                      About Core Resource

Core Resource Management, Inc. was incorporated in Nevada on Feb.
17, 1999. The original company name was Apex Sports.com, Inc., and
then after through several name changes the company became, Direct
Pet Health Holdings, Inc. On Sept. 20, 2012, Direct Pet Health
Holdings, Inc., then merged with Clark Scott LLC with the resulting
corporation was named Core Resource Management, Inc being the
surviving entity. Since its inception, Core Resources has been
involved in the business of investing in cash flow positive
opportunities. Upon completion of this process, approximately, $5
million were raised for what was a startup oil and gas company with
no assets. The primary use case for the invested funds was to
purchase royalties and working interest of existing oil and gas
wells.

Core Resource sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. D. Ariz. Case No. 16-06712) on June 13, 2016. The
petition was signed by Dennis Miller, chief operating officer. The
case is assigned to Judge Brenda K. Martin. Hauf PLC serves as
counsel to the Debtor.  Henry & Horne, LLP serves as financial
advisor.

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

The U.S. Trustee on July 15, 2016, appointed three creditors to
serve in the official committee of unsecured creditors in the
Debtors' cases. Dickinson Wright PLLC serves as counsel to the
committee.  Clotho Corporate Recovery, LLC, serves as financial
advisor.


CUBA TIMBER: Case Summary & 20 Largest Unsecured Creditors
----------------------------------------------------------
Debtor: Cuba Timber Co., Inc.
        PO Box 427
        Cuba, AL 36907

Case No.: 17-70349

Chapter 11 Petition Date: February 24, 2017

Court: United States Bankruptcy Court
       Northern District of Alabama (Tuscaloosa)

Debtor's Counsel: Alphonse Richard Maples, Jr., Esq.
                  MAPLES & FONTENOT, LLP
                  P.O. Box 1281
                  Mobile, AL 36633
                  Tel: 251-432-2629
                  Fax: 215-432-3629
                  E-mail: maplex@bellsouth.net
                          armaples@maplesfontenot.com

Total Assets: $2.72 million

Total Liabilities: $6.91 million

The petition was signed by Steve Goodman, president.

A copy of the Debtor's list of 20 largest unsecured creditors is
available for free at http://bankrupt.com/misc/alnb17-70349.pdf


CYTORI THERAPEUTICS: Azaya Discloses 5% Equity Stake as of Feb. 15
------------------------------------------------------------------
In a Schedule 13G filed with the Securities and Exchange
Commission, Azaya Therapeutics, Inc. reported that as of Feb. 15,
2017, it beneficially owns 1,173,241 shares of common stock of
Cytori Therapeutics, Inc. representing 5 percent of the shares
outstanding.  A copy of the regulatory filing is available for free
at https://is.gd/A1cVv5

                         About Cytori

Based in San Diego, California, Cytori Therapeutics (NASDAQ: CYTX)
-- http://www.cytori.com/-- is an emerging leader in providing     

patients and physicians around the world with medical
technologies, which harness the potential of adult regenerative
cells from adipose tissue.  The Company's StemSource(R) product
line is sold globally for cell banking and research applications.

Cytori reported a net loss allocable to common stockholders of
$19.4 million on $4.83 million of product revenues for the year
ended Dec. 31, 2015, compared to a net loss allocable to common
stockholders of $38.5 million on $4.95 million of product revenues
for the year ended Dec. 31, 2015.

As of Sept. 30, 2016, Cytori had $36.84 million in total assets,
$23.17 million in total liabilities and $13.67 million in total
stockholders' equity.

KPMG LLP, in San Diego, California, issued a "going concern"
qualification on the consolidated financial statements for the year
ended Dec. 31, 2015, citing that the Company's recurring losses
from operations and liquidity position raises substantial doubt
about its ability to continue as a going concern.


DACCO TRANSMISSION: Non-Crossover 2nd Lien Claimants to Get $8.6M
-----------------------------------------------------------------
DACCO Transmission Parts (NY), Inc., et al., filed with the U.S.
Bankruptcy Court for the Southern District of New York an amended
disclosure statement dated Feb. 21, 2017, referring to the Debtors'
plan of reorganization.

Alex Wolf, writing for Bankruptcy Law360, reports that the Debtors
are proposing to swap $224 million in first-lien lender claims for
common stock in the new company and $60 million in unsecured
convertible notes.

The Amended Disclosure Statement is available at:

           http://bankrupt.com/misc/nysb16-13245-317.pdf

Class 1B consists of any Second Lien Credit Agreement Claim of any
Non-Crossover Second Lien Lender.

Non-Crossover Second Lien Lenders means all persons or entities
who, as of Jan. 8, 2017, (i) did not hold, directly or indirectly,
First Lien Obligations and were not signatories to or were not
bound by the Restructuring Support Agreement, and (ii) held Second
Lien Obligations and were parties to pending trade confirmations or
other similar agreements or arrangements pursuant to which the
persons or entities were entitled to acquire Second Lien
Obligations in accordance with the terms of the trade
confirmations, agreements or arrangements but, for the avoidance of
doubt, Non-Crossover Second Lien Lenders will not include any
persons or entities who, as of Jan. 8, 2017, with respect to all or
that portion of their Second Lien Obligations that were subject to
pending trade confirmations or other similar agreements or
arrangements pursuant to which such persons or entities agreed to
sell the Second Lien Obligations in accordance with the terms of
such trade confirmations, agreements or arrangements.

Non-Crossover Second Lien Credit Agreement Claims Distribution
means cash in the amount of $8.6 million.  On the Effective Date,
each holder of a Non-Crossover Second Lien Credit Agreement Claim
will receive its pro rata share of the Non-Crossover Second Lien
Credit Agreement Claims Distribution.  For the avoidance of doubt,
holders of Second Lien Credit Agreement Claims other than
Non-Crossover Second Lien Credit Agreement Claims will be deemed to
have waived the claims pursuant to the
Restructuring Support Agreement and will not receive any recovery
under the Plan on account of the claims.

The Non-Crossover Second Lien Credit Agreement Claims Distribution
will be made to the Second Lien Credit Facility Agent on the
Effective Date, and the Second Lien Credit Facility Agent will
first pay the Second Lien Fees from the Non-Crossover Second Lien
Credit Agreement Claims Distribution and then distribute the
remainder of the distribution solely to Non-Crossover Second Lien
Lenders on a Pro Rata basis.  To the extent that any Non-Crossover
Second Lien Lender is party to a pending trade confirmation or
other similar agreement or arrangement pursuant to which the person
or entity was entitled to acquire Second Lien Obligations as of
Jan. 8, 2017, distributions will be made by the Second Lien Credit
Facility Agent directly to such Non-Crossover Second Lien Lender on
account of the Second Lien Obligations to be acquired pursuant to
the pending trade confirmation, agreement or arrangement in
accordance with the terms thereof.

As a condition to the receipt of the distribution, each
Non-Crossover Second Lien Lender will execute and deliver to the
Second Lien Agent and the Debtors a Non-Crossover Second Lien
Lender Certification representing and warranting: (a) the total
amount of Second Lien Obligations held by the Non-Crossover Second
Lien Lender as of Jan. 8, 2017, plus any Second Lien Obligations
subject to any pending trade confirmations or other similar
agreements or arrangements to which such Non-Crossover Second Lien
Lender was party as of Jan. 8, 2017, and pursuant to which such
Non-Crossover Second Lien Lender was to acquire Second Lien
Obligations; (b) that, as of Jan. 8, 2017, the Non-Crossover Second
Lien Lender did not hold, directly or indirectly, First Lien
Obligations and was not a signatory to or bound by the
Restructuring Support Agreement; and (c) the Non-Crossover Second
Lien Lender (i) was not, as of Jan. 8, 2017, party to any pending
trade confirmation or other similar agreement or arrangement
pursuant to which the person or entity was the seller of Second
Lien Obligations or (ii) to the extent the person or entity was
party to a pending trade confirmation or other similar agreement or
arrangement as of the date, the identity of the buyer under the
trade confirmation, agreement or arrangement and the amount of
Second Lien Obligations to be transferred thereunder.

The failure by any Non-Crossover Second Lien Lender to represent
and warrant to the foregoing within 30 days of the Effective Date
will result in the forfeiture of the person's or entity's pro rata
allocation of the Non-Crossover Second Lien Credit Agreement Claims
Distribution, with the forfeited amount to be redistributed, on a
pro rata basis to each other Non-Crossover Second Lien Lender in
compliance with the terms of the Plan.

Any Second Lien Lender that disputes the accuracy of the
Non-Crossover Second Lien Schedule will provide notice to the
Second Lien Credit Facility Agent no later than 15 days following
the entry of the Confirmation Order and provide documentation
supporting such Second Lien Lender's position, and the portion of
the Non-Crossover Second Lien Credit Agreement Claims Distribution
subject to the dispute will be escrowed pending resolution of the
dispute.  The Court will retain jurisdiction to resolve any dispute
regarding the accuracy and completeness of the Non-Crossover Second
Lien Schedule.

Class 1B is impaired by the Plan.  Under the Original Plan,
Non-Crossover Second Lien Credit Agreement Claims were included in
the class of General Unsecured Claims (Class 4) that was deemed to
have voted to reject the Plan.  On Feb. 10, 2017, the Debtors filed
the Vote Modification Motion asking the Court to establish a date
by which Non-Crossover Second Lien Lenders may change their deemed
vote rejecting the Plan.

As of the Effective Date, Reorganized Speedstar will authorize and
issue the New Common Stock, which will be distributed to the First
Lien Lenders on account of the First Lien Credit Agreement Claims
and the Senior Exit Facility Lenders under the Senior Exit
Facility.  The New Common Stock shall represent 100% of the common
stock of Reorganized Speedstar outstanding on the Effective Date,
subject to dilution by the Management Incentive Plan and the Senior
Exit Facility Distribution.

On and as of the Effective Date, Reorganized Speedstar will enter
into and deliver the New Stockholders Agreement to each entity that
is intended to be a party thereto and the agreement will be deemed
to be valid, binding and enforceable in accordance with its terms,
and each party thereto will be bound thereby, in each case without
the need for execution by any party thereto other than Reorganized
Speedstar.

The property of each estate will vest in the applicable Reorganized
Debtor, free and clear of all claims, liens, encumbrances, charges
and other Interests, except as provided in the Plan, the First Lien
Credit Agreement Amendment, the Senior Exit Facility Credit
Agreement, the New Intercreditor Agreement, the other Plan
Documents or the confirmation court order.  The Reorganized Debtors
may operate their businesses and may use, acquire and dispose of
property free of any restrictions of the Bankruptcy Code or the
Bankruptcy Rules and in all respects as if there were no pending
case under any chapter or provision of the Bankruptcy Code.

The distributions to be made in cash under the terms of the Plan
shall be funded from the Debtors' cash on hand as of the Effective
Date and the proceeds of the Senior Exit Facility.

As reported by the Troubled Company Reporter on Dec. 6, 2016, the
Debtors filed with the Court a disclosure statement referring to
the Debtors' prepackaged plan, which proposed that Class 4 General
Unsecured Claims -- estimated at $192,400,000 -- are impaired, and
that after the Effective Date, all holders of General Unsecured
Claims will receive their pro rata share of $500,000.

              About DACCO Transmission Parts (NY)

Headquartered in Cleveland, Ohio, Transtar Holding
Company manufactures and distributes aftermarket driveline
Replacement parts and components to the transmission repair and
remanufacturing market. It also supplies autobody refinishing
products and manufactures air conditioning, cooling and power
steering assemblies and components.

Founded in 1975, Transtar maintains over 70 local branch locations,
four manufacturing and production facilities (in Alma, Michigan;
Brighton, Michigan; Cookeville, Tennessee; and Ferris, Texas), and
four regional distribution centers throughout the United States,
Canada and Puerto Rico.

On Dec. 21, 2010, the Company was acquired from Linsalata
Capital Partners by current majority equity holder Friedman
Fleischer & Lowe LLC. The acquisition was financed with $425
million of senior secured credit facilities.

As of the Petition Date, the Company employs approximately
2,000 full-time and 50 part-time employees in the United States,
and approximately 100 full-time employees in Canada and Puerto
Rico.

DACCO Transmission Parts (NY), Inc. and 46 affiliated
debtors, including Transtar Holding Company, filed chapter 11
petitions (Bankr. S.D.N.Y. Case Nos. 16-13245 to 16-13291) on
Nov. 20, 2016.  The petitions were signed by Joseph Santangelo,
authorized signatory. The cases are pending before Judge Mary
Kay Vyskocil, and the Debtors have requested that their cases be
jointly administered under Case No.16-13245.

The Debtors estimated assets and liabilities at $500 million
to $1 billion at the time of the filing.

The Debtors tapped Rachel C. Strickland, Esq., Christopher
S. Koenig, Esq., Debra C. McElligott, Esq., and Jennifer J.
Hardy, Esq., at Willkie Farr & Gallagher LLP as attorneys.
Citing potential conflicts, DACCO Transmission has hired
Jones Day as its new legal counsel to replace Willkie Farr.
The Debtors also have hired FTI Consulting, Inc., as
restructuring and financial advisors, Ducera Partners LLC
as financial advisors and investment banker and Prime
Clerk LLC as claims, noticing and solicitation agent.


DALLAS ROADSTER: Take-Nothing Judgments in TCB Suit Partly Affirmed
-------------------------------------------------------------------
The United States Court of Appeals for the Fifth Circuit affirmed
in part, and vacated in part, the district court's issuance of
take-nothing judgments on the borrower's and lender's claims in the
appeals case captioned TEXAS CAPITAL BANK N.A.,
Appellee-Cross-Appellant-Cross-Appellee, v. DALLAS ROADSTER,
LIMITED, Appellant-Cross-Appellee. IEDA ENTERPRISE, INCORPORATED;
BAHMAN KHOBAHY, Cross-Appellees. BAHMAN HAFEZAMINI,
Cross-Appellee-Cross-Appellant, No. 15-41396 (5th Cir.).

The case was brought to the Fifth Circuit after more than five
years of litigation over loan agreements between a bank and a used
car dealership.  The borrower, Dallas Roadster, Limited
("Roadster"), sought damages, and the lender, Texas Capital Bank
N.A. (TCB), sought certain attorneys' fees after receiving full
payment on the loans through the borrower's bankruptcy proceedings.
Each contended that the other breached the loan agreements.
Following a four day bench trial on the breach of contract issues,
the district court issued take-nothing judgments on the borrower's
and lender's claims.  Both the borrower and the lender appealed, as
did one of the borrower's guarantors, Roadster's CEO, Bahman
Hafezamini, who challenged the grant of summary judgment dismissing
his counterclaims against the lender.  

The Fifth Circuit affirmed the district court's grant of TCB's
summary judgment motion with respect to Hafezamini.

Hafezamini challenged the grant of summary judgment on only five of
his claims: (1) tortious interference with existing contract; (2)
tortious interference with prospective business relations; (3)
abuse of process; (4) malicious civil prosecution; and (5)
malicious criminal prosecution.  The Fifth Circuit found that the
appealed claims failed on their merits.

The Fifth Circuit also affirmed the district court's take-nothing
judgment with respect to Roadster's claim against TCB.

The district court held that Roadster could not recover on its
breach of contract claim because Roadster had materially breached
the contract prior to TCB's alleged breaches.  

The Fifth Circuit rejected Roadster's argument that the district
court legally erred in determining whether the breaches were
material.  The appellate court found that the district court
correctly stated and applied the law, and that the district court
did not clearly err in determining that Roadster's breaches were
material.  The Fifth Circuit also rejected Roadster's argument that
there was no evidence supporting the materiality finding.

The Fifth Circuit, however, vacated the district court's
take-nothing judgment with respect to TCB's claims against Roadster
and the guarantors.

The district court held that TCB could not recover its attorneys'
fees for two reasons:

     (1) the attorneys' fees provisions are unenforceable in
         light of the Texas Supreme Court's decision in Zachry
         Construction Corp. v. Port of Houston Authority, 449
         S.W.3d 98 (Tex. 2016); and alternatively,

     (2) the district court used its inherent power to sanction
         TCB by disallowing recovery.

The Fifth Circuit disagreed with the district court and held that
Zachry does not apply to Roadster and TCB's loan provisions.  In
Zachry, the unenforceable provision would have allowed the owner to
insulate itself from liability for its own deliberate and wrongful
interference, and the Texas Supreme Court emphasized the policy
justification for not allowing a party to escape liability for
deliberate and wrongful actions.  However, the Fifth Circuit found
that TCB is not using the loan provisions to shield itself from
liability because it would not otherwise be facing any liability --
TCB successfully defeated the counterclaims.  Instead, the
appellate court found that TCB is only using the loan provisions to
recover its attorneys' fees for its successful defense.

As an alternative basis for entering the take-nothing judgment, the
district court used its inherent power to sanction TCB, thereby
denying TCB any recovery of its attorneys' fees.  The Fifth Circuit
found that the district court erred because it failed to provide
TCB with adequate due process.  The appellate court stated that on
remand, if the district court determines that sanctions are still
appropriate, the district court should make more definite findings
on what supports its use of its inherent power.

A full-text copy of the Fifth Circuit's January 17, 2017 ruling is
available at https://is.gd/yPYrUb from Leagle.com.

Blake H. Bailey -- blake.bailey@phelps.com -- for Appellant.

Nina Cortell -- nina.cortell@haynesboone.com -- for Appellee
Cross-Appellant.

George M. Kryder, III -- gkryder@velaw.com -- for Appellee
Cross-Appellant.

Roger Dickert Sanders, for Appellant Cross-Appellee.

Kenneth M. Stohner, Jr., for Appellee Cross-Appellant.

Matthew Walter Moran, for Appellee Cross-Appellant.

Jeremy Daniel Kernodle -- jeremy.kernodle@haynesboone.com -- for
Appellee Cross-Appellant.

Jason Paul Steed -- jsteed@bellnunnally.com -- for Appellant
Cross-Appellee.

Jason Neal Jordan, for Appellee Cross-Appellant.

Tommy Chase Garrett, for Cross-Appellee.

Jason Zendeh Del, for Appellant.

Eric C. Wood -- eric.wood@solidcounsel.com -- for Cross-Appellee.

Ryan Taylor Snow, for Appellant.

           About Dallas Roadster and IEDA Enterprises

Dallas Roadster, Limited, owns and operates an auto dealership
with locations in both Richardson and Plano, Texas.  IEDA
Enterprises, Inc., is the general partner of Roadster.

Dallas Roadster and IEDA Enterprises filed for Chapter 11
bankruptcy (Bankr. E.D. Tex. Case Nos. 11-43725 and 11-43726) on
Dec. 12, 2011.  Chief Judge Brenda T. Rhoades oversees both cases.
J. Bennett White, P.C., replaced DeMarco Mitchell, PLLC, as the
Debtors' bankruptcy counsel.  Dallas Roadster disclosed $9,407,469
in assets and $4,554,517 in liabilities as of the Chapter 11
filing.

The Debtors' assets were placed under the care of a receiver on
Nov. 16, 2011, pursuant to a state court action by Texas Capital
Bank, National Association.

No trustee has been appointed in the Chapter 11 cases.


DART MUSIC: Case Summary & 20 Largest Unsecured Creditors
---------------------------------------------------------
Debtor: Dart Music, Inc.
        613 Ewing Avenue
        Nashville, TN 37203

Case No.: 17-01300

Chapter 11 Petition Date: February 27, 2017

Court: United States Bankruptcy Court
       Middle District of Tennessee (Nashville)

Judge: Hon. Randal S Mashburn

Debtor's Counsel: Shane Gibson Ramsey, Esq.
                  NELSON MULLINS RILEY & SCARBOROUGH LLP
                  150 Fourth Avenue North, Suite 1100
                  Nashville, TN 37219
                  Tel: 615-664-5355
                  E-mail: shane.ramsey@nelsonmullins.com

Estimated Assets: $50,000 to $100,000

Estimated Liabilities: $1 million to $10 million

The petition was signed by Chris McMurtry, chief executive
officer.

A copy of the Debtor's list of 20 largest unsecured creditors is
available for free at http://bankrupt.com/misc/tnmb17-01300.pdf


DIGIPATH INC: Board OKs Issuance of 100,000 Shares to Director
--------------------------------------------------------------
DigiPath, Inc. filed an amendment to its Current Report on Form 8-K
filed on Jan. 27, 2017, to correct an error in Item 5.02 of the
Original Form 8-K and to update the Original Form 8-K.

On Jan. 26, 2017, the Company appointed Dr. Alfredo Axtmayer to
serve as a director of the Company.  On Feb. 22, 2017, the Board of
Directors of the Company approved the issuance of 100,000 shares of
common stock to Dr. Axtmayer for his service as a director of the
Company.  Other than as set forth in preceding sentence, there are
no arrangements or understandings with Dr. Axtmayer pursuant to
which he was appointed as a director, or any related party
transactions between the Company and Dr. Axtmayer that are subject
to disclosure under Item 404(a) of Regulation S-K, according to the
SEC filing.

                         About DigiPath

Incorporated in Nevada on Oct. 5, 2010, DigiPath Inc. and its
subsidiaries support the cannabis industry's best practices for
reliable testing, cannabis education and training, and brings
unbiased cannabis news coverage to the cannabis industry.

Digipath reported a net loss of $3.69 million on $818,583 of
revenues for the year ended Sept. 30, 2016, compared to a net loss
of $4.33 million on $16,084 of revenues for the year ended Sept.
30, 2015.

Anton & Chia, LLP, in Newport Beach, CA, issued a "going concern"
qualification on the consolidated financial statements for the year
ended Sept. 30, 2016, citing that the Company has recurring losses
and insufficient working capital, which raises substantial doubt
about its ability to continue as a going concern.


DIGIPATH INC: Obtains $250,000 from Units Offering
--------------------------------------------------
DigiPath, Inc. sold five "Units" to an individual accredited
investor at a price of $50,000 per Unit, each Unit consisting of
285,715 shares of the Company's common stock and a three year
warrant to purchase 142,857 shares of the Company's common stock at
an exercise price of $0.26 per share.  Proceeds to the Company from
the sale of the Units in the offering were $250,000.  The sale of
the Units to the investor was exempt from registration pursuant to
Section 4(a)(2) of the Securities Act of 1933 and Regulation D
promulgated thereunder, according to a Form 8-K report filed with
the Securities and Exchange Commission.

                        About DigiPath

Incorporated in Nevada on Oct. 5, 2010, DigiPath Inc. and its
subsidiaries support the cannabis industry's best practices for
reliable testing, cannabis education and training, and brings
unbiased cannabis news coverage to the cannabis industry.

Digipath reported a net loss of $3.69 million on $818,583 of
revenues for the year ended Sept. 30, 2016, compared to a net loss
of $4.33 million on $16,084 of revenues for the year ended Sept.
30, 2015.  

As of Sept. 30, 2016, DigiPath had $1.44 million in
total assets, $211,913 in total liabilities and $1.23 million in
total stockholders' equity.

Anton & Chia, LLP, in Newport Beach, CA, issued a "going concern"
qualification on the consolidated financial statements for the year
ended Sept. 30, 2016, citing that the Company has recurring losses
and insufficient working capital, which raises substantial doubt
about its ability to continue as a going concern.


DONNA NEWSOME: Court Waives PCO Appointment
-------------------------------------------
Judge Brenda T. Rhoades of the U.S. Bankruptcy Court for the
Eastern District of Texas entered an Order granting Donna Newsome's
Motion to Waive Appointment of a Patient Care Ombudsman.

Judge Rhoades finds that the appointment of a PCO would serve no
purpose.  The Order further provides that the motion is granted
without prejudice to the rights of any party in interest to seek
appointment of an ombudsman at a later date should such become
necessary to protect patients.

The bankruptcy case is Donna E. Newsome, Case No. 17-40121 (Bankr.
E.D. Tex.).


DUBOIS CHEMICALS: Moody's Assigns B2 Corporate Family Rating
------------------------------------------------------------
Moody's Investors Service assigned first-time ratings to DuBois
Chemicals Holdings, Inc. including a B2 Corporate Family Rating
("CFR"). Moody's assigned B1 first lien senior secured ratings and
Caa1 second lien senior secured rating, all issued by a subsidiary:
DuBois Merger Sub, Inc. (name to be changed to DuBois Chemicals,
Inc. at close). Proceeds from $430 million in funded debt will be
used to help fund DuBois's acquisition by private equity sponsor
The Jordan Company and members of management. The proposed
transaction also includes a committed $75 million first lien
delayed draw to be used for bolt-on acquisitions (unfunded at
close) and $50 million revolver that is expected to be undrawn at
closing. The rating outlook is stable.

Assignments:

Issuer: DuBois Chemicals Holdings, Inc.

-- Corporate Family Rating, Assigned B2

-- Probability of Default Rating, Assigned B2-PD

Issuer: DuBois Merger Sub, Inc.

-- Senior Secured 1st Lien Bank Credit Facilities, Assigned B1
(LGD3)

-- Senior Secured 2nd Lien Bank Credit Facility, Assigned Caa1
(LGD5)

Outlook Actions:

Issuer: DuBois Chemicals Holdings, Inc.

-- Outlook, Assigned Stable

Issuer: DuBois Merger Sub, Inc.

-- Outlook, Assigned Stable

"DuBois's proven track record and strong expected cash flow helps
offset the company's relatively small size compared to rated peers
and high leverage at closing," said Ben Nelson, Moody's Vice
President and lead analyst for DuBois Chemicals Holdings, Inc.

RATINGS RATIONALE

The B2 CFR is constrained by high financial leverage, small size
and scale relative to rated peers in the chemical industry, modest
organic growth prospects, integration risk associated with an
acquisition-driven growth strategy, and longer-term financial
policy risks associated with private equity ownership. Expectations
for strong and stable cash flows compared to most B-rated chemical
companies help offset these concerns. Long-term relationships with
a broad base of mostly industrial customers, meaningful switching
costs in certain applications, and a significant percentage of
variable costs lend stability to the company's expected financial
performance. Low capital intensity will help the company convert a
significant portion of EBITDA to free cash flow. The rating also
considers the company's successful track record of integrating
bolt-on acquisitions and incorporates tolerance for continued
bolt-on acquisition activity within an overall trajectory of modest
deleveraging in the medium term.

Moody's estimates interest coverage in the mid-2 times
(EBITDA/Interest) and financial leverage in the high 6 times
(Debt/EBITDA) on a pro forma basis for the twelve months ended
November 30, 2016 (inclusive of Moody's adjustments). Management's
definition, which includes more liberal add-backs to EBITDA,
calculates leverage in the low 6 times over the same horizon.
Moody's expects that a combination of modest organic growth and
disciplined acquisition activity will result in leverage trending
toward 6 times over the next 12-18 months. The rating assumes the
company will generate retained cash flow of at least 8% (RCF/Debt)
and at least $15 million of free cash flow in 2017. Moody's cash
flow estimate includes some tempering for potential acquisition
activity and integration-related expenses. The rating does not
incorporate any near-term expectations for discretionary debt
reduction in light of an expected acquisition-driven growth
strategy and a credit agreement that accommodates such a strategy
in the medium term.

The stable outlook assumes that the company will generate positive
free cash flow and adjusted financial leverage will fall toward 6
times in 2017. Moody's could downgrade the rating if adjusted
financial leverage is sustained above the mid 6 times, interest
coverage below 2 times, free cash flow below 2% of debt, or there
is a substantive deterioration in liquidity. Moody's could upgrade
the rating with expectations for leverage sustained below 5 times,
free cash flow approaching 10% of debt, and a commitment to more
conservative financial policies.

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

DuBois Chemicals is a leading provider of consumable, value-added
specialty cleaning chemical solutions and services for
manufacturing industrial processes and consumer car wash and fleet
transportation markets. DuBois generated about $260 million of
revenue for the twelve months ended November 30, 2016.



E. ALLEN REEVES: Case Summary & 20 Largest Unsecured Creditors
--------------------------------------------------------------
Debtor: E. Allen Reeves, Inc.
        P.O. Box 289
        Abington, PA 19001

Case No.: 17-11354

Chapter 11 Petition Date: February 27, 2017

Court: United States Bankruptcy Court
       Eastern District of Pennsylvania (Philadelphia)

Judge: Hon. Ashely M. Chan

Debtor's Counsel: Albert A. Ciardi, III, Esq.
                  CIARDI CIARDI & ASTIN, P.C.
                  One Commerce Square
                  2005 Market Street, Suite 3500
                  Philadelphia, PA 19103
                  Tel: (215) 557-3550
                  Fax: 215-557-3551
                  E-mail: aciardi@ciardilaw.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Robert N. Reeves, Jr., president.

A copy of the Debtor's list of 20 largest unsecured creditors is
available for free at http://bankrupt.com/misc/paeb17-11354.pdf


ECOSPHERE TECHNOLOGIES: Appoints Dean Becker as Director
--------------------------------------------------------
Ecosphere Technologies, Inc., appointed Dean Becker as a director
of the Company on Feb. 19, 2017.

Mr. Becker previously served as a director of the Company from Jan.
1, 2013, to May 4, 2016.  Mr. Becker has served as chairman of the
Board of Ecor Rouge Venture Laboratory since November 2016. Mr.
Becker has served as chairman of the Board for Equitable IP
Holdings since November 2015.  Mr. Becker has also been a
co-founder of Human Health Organization since January 2015. From
June 2011 through November 2013, Mr. Becker served as the chief
executive officer of ICAP Media, a leader in selling intellectual
property.  Mr. Becker is a frequent global speaker on intellectual
property rights and the use of patents to include or exclude
competition through licensing and enforcement of government issued
rights.  The Company said Mr. Becker was selected as a director
because he is one of the world's leading experts on monetizing
intellectual property.

                 About Ecosphere Technologies

Stuart, Florida-based Ecosphere Technologies (OTC BB: ESPH) --
http://www.ecospheretech.com/-- is a water engineering,
technology licensing and environmental services company that
designs, develops and manufactures wastewater treatment solutions
for industrial markets.  Ecosphere, through its majority-owned
subsidiary Ecosphere Energy Services, LLC, provides energy
exploration companies with an onsite, chemical free method to kill
bacteria and reduce scaling during fracturing and flowback
operations.

Ecosphere reported a net loss of $23.06 million on $721,179 of
total revenues for the year ended Dec. 31, 2015, compared to a net
loss of $11.49 million on $1.11 million of total revenues for the
year ended Dec. 31, 2014.

Salberg & Company, P.A., in Boca Raton, Florida, issued a "going
concern" qualification on the consolidated financial statements
for the year ended Dec. 31, 2015, citing that the Company reported
a net loss of $23.07 million and $11.5 million in 2015 and 2014,
respectively, and cash used in operating activities of $1.76
million and $4.55 million in 2015 and 2014, respectively.  At
Dec. 31, 2015, the Company had a working capital deficiency,
stockholders' deficit and accumulated deficit of $9.32 million,
$12.2 million and $132 million, respectively.  These matters raise
substantial doubt about the Company's ability to continue as a
going concern.


ERATH IRON: Case Summary & 8 Unsecured Creditors
------------------------------------------------
Debtor: Erath Iron and Metal RE LLC
        PO BOX 186
        Stephenville, TX 76401

Case No.: 17-40723

Chapter 11 Petition Date: February 24, 2017

Court: United States Bankruptcy Court
       Northern District of Texas (Ft. Worth)

Judge: Hon. Russell F. Nelms

Debtor's Counsel: Russell W. King, Esq.
                  KING LAW OFFICE, P.C.
                  P.O. Box 772
                  Stephenville, TX 76401
                  Tel: (254) 968-8777
                  Fax: (254) 445-2751
                  E-mail: rking@kinglaw.us
                          rking2010@gmail.com

Total Assets: $7.53 million

Total Liabilities: $3.53 million

The petition was signed by Nicolle Boyd, manager.

A copy of the Debtor's list of eight unsecured creditors is
available for free at http://bankrupt.com/misc/txnb17-40723.pdf


ESSAR STEEL: Proposes March 16 Disclosure Statement Hearing
-----------------------------------------------------------
Mesabi Metallics Company LLC, formerly known as Essar Steel
Minnesota LLC, and ESML Holdings, Inc., filed a motion asking the
U.S. Bankruptcy Court for the District of Delaware to approve the
disclosure statement explaining their Chapter 11 plan of
reorganization.

The hearing to consider approval of the proposed Disclosure
Statement is scheduled to commence on March 16, 2017 at 10:00 a.m.
(Prevailing Eastern Time).

Jacqueline Palank, writing for The Wall Street Journal Pro
Bankruptcy, reported that the $1.9 billion iron-ore mining and
processing plant under construction in Minnesota's Iron Range is
looking to shed ties with owner Essar Group in connection with the
facility's chapter 11 debt restructuring.

As previously reported by The Troubled Company Reporter, under the
Plan, Class 8 General Unsecured Claims -- estimated at $2.06
billion -- are impaired.  Each holder of an Allowed General
Unsecured Claim will receive on the plan distribution date its Pro
Rata Share of the Class B-4 Beneficial Trust Interests.

On Aug. 10, 2016, the Court entered the final order authorizing
the
Debtors to obtain postpetition financing.  The Court's final DIP
order approved the DIP facility, by and among ESML, as borrower,
and the DIP lender, providing for a debtor-in-possession facility
in an amount up to $35 million to fund the Debtors' operations
during the Chapter 11 cases.  The final DIP order also approved
the
other related documents, including the DIP guaranty.

One of the key components of the proposed plan for Mesabi
Metallics
Company LLC, formerly known as Essar Steel Minnesota, LLC, to exit
Chapter 11 protection, is a $250 million cash contribution from a
plan sponsor, according to the disclosure statement explaining the
plan.

The Journal related that the Plan would wipe out the current
ownership stake of Essar, an Indian conglomerate, and put Mesabi
Metallics in the hands of a new owner, who would be tasked with
reviving the stalled project.

The Journal further related that Mesabi Metallics has already begun
cutting ties with Essar pointing out that court papers say the
company has installed independent management, including Chief
Restructuring Officer David Pauker.  The last Essar-linked director
resigned from the company's board late last year, leaving only
disinterested directors, the report noted.

The Journal further noted that in January, Mesabi sued parent Essar
Global Fund Ltd. for more than $1 billion in damages.  The suit
outlines "a myriad of damaging actions" the parent allegedly
undertook with respect to the Minnesota subsidiary, including
transferring millions of dollars to affiliated companies not
working on construction of the Minnesota mine for "absolutely no
value" in return, the report said.

Mesabi Metallics' restructuring plan provides a mechanism to
continue pursuing the litigation, as well as $5 million in cash to
fund to suit, the report added.  A trust would be set up to
distribute any litigation proceeds to creditors, some of whom would
also be in line to own a piece of the reorganized company, the
report said.

According to the Journal, a significant hurdle to Mesabi Metallics'
restructuring will be restarting construction on the iron-ore
project, which broke ground in 2008 but came to a halt after
running out of money to pay contractors.  The company's lawsuit
blames the Essar parent for its financial difficulties, the Journal
said.

The Disclosure Statement is available at:

          http://bankrupt.com/misc/deb16-11626-691.pdf

                   About Essar Steel Minnesota

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

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

The cases are assigned to Judge Brendan Linehan Shannon.

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

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


ETERNAL ENTERPRISE: Taps Vin Vizzo for Feb. 7 Fire Insurance Claim
------------------------------------------------------------------
Eternal Enterprise, Inc. seeks approval from the U.S. Bankruptcy
Court for the District of Connecticut to hire a public adjuster.

The Debtor proposes to hire Vin Vizzo Adjusters LLC to negotiate
its property insurance claim.  The firm will get 10% of the amount
of the loss adjusted with the insurance companies

The Debtor owns a real property located at 21 Evergreen Avenue,
Hartford, Connecticut.  A fire took place at the property on Feb.
7.

Vincent Vizzo, a public adjuster, disclosed in a court filing that
he does not represent any interest adverse to the Debtor, and that
he is a "disinterested person" as defined in section 101(14) of the
Bankruptcy Code.

The firm can be reached through:

     Vincent Vizzo
     Vin Vizzo Adjusters LLC
     30 Main Street
     Centerbrook, CT 06409

                       About Eternal Enterprise

Eternal Enterprises Inc. -- http://www.eternalenterprises.net/--
was initially started in 1997 for the purpose of managing and
owning low income apartment buildings in Hartford, Connecticut.
Since its inception the Debtor has been a family business primarily
operated by spouses, Vera Mladen and Dusan Mladen, and their son,
Goran Mladen.

The Debtor, which owns and manages eight properties located in
Hartford, Connecticut, filed a Chapter 11 bankruptcy petition
(Bankr. D. Conn. Case No. 14-20292) on Feb. 19, 2014.  The petition
was signed by Vera Mladen, president.  

Judge Ann M. Nevins presides over the case.  Irene Costello, Esq.,
at Shipkevich, PLLC, serves as counsel to the Debtor, while Greene
Law, PC, acts as special counsel.  Lakeshore Realty has been tapped
as broker to the Debtor.  

The Debtor estimated assets at $50,000 to $100,000 and debt at $1
million to $10 million at the time of the Chapter 11 filing.

On February 8, 2017, the Debtor filed a disclosure statement, which
explains its Chapter 11 plan of reorganization.  The plan proposes
to pay general unsecured creditors in full in cash.




FABRICA DE BLOQUES: Seeks to Hire MRO Attorneys as Legal Counsel
----------------------------------------------------------------
Fabrica De Bloques Vega Baja Inc. seeks approval from the U.S.
Bankruptcy Court for the District of Puerto Rico to hire legal
counsel.

The Debtor proposes to hire MRO Attorneys at Law, LLC to give legal
advice regarding its duties under the Bankruptcy Code, and provide
other legal services related to its Chapter 11 case.

Myrna Ruiz-Olmo, Esq., the attorney designated to represent the
Debtor, will charge an hourly rate of $200.

Ms. Ruiz-Olmo disclosed in a court filing that she does not
represent any interest adverse to the Debtor or its bankruptcy
estate.

The firm can be reached through:

     Myrna L. Ruiz Olmo, Esq.
     MRO Attorneys at Law, LLC
     P.O. Box 367819
     San Juan, PR 00936-7819
     Phone: (787) 237-7440
     Email: mro@prbankruptcy.com

               About Fabrica De Bloques Vega Baja

Fabrica De Bloques Vega Baja, Inc. sought protection under Chapter
11 of the Bankruptcy Code (Bankr. D.P.R. Case No. 17-00965) on
February 15, 2017.  The petition was signed by Rafael Ivan Casanova
Tirado.  

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


FAMILY CHRISTIAN: Going Out of Business, To Close 240 Stores
------------------------------------------------------------
The American Bankruptcy Institute, citing Jim Christie of Reuters,
reported that Family Christian, the biggest U.S. Christian
bookstore chain, said it was going out of business and planned to
close its 240 stores across 36 states.

"We have prayerfully looked at all possible options, trusting God's
plan for our organization, and the difficult decision to liquidate
is our only recourse," Chuck Bengochea, the company's president,
said in a statement, the report cited.

"Despite improvements in product assortment and the store
experience, sales continued to decline," he noted, the report
further cited the company's president as saying.  "In addition, we
were not able to get the pricing and terms we needed from our
vendors to successfully compete in the market."

According to Reuters, Family Christian's bankruptcy was noteworthy
as U.S. Bankruptcy Judge John Gregg took the unusual step of
finding that the company's auction of its business was "flawed" and
ordered a new sale.

The original sale produced a $49.8 million high bid by liquidators
Gordon Brothers Retail Partners and Hilco Merchant Resources, but
the company instead selected a less valuable bid by FCS
Acquisition, which like Family Christian is owned by the nonprofit
Family Christian Resource Centers Inc., the report related.

The Grand Rapids, Michigan-based retailer was eventually sold for
$55 million to FCS Acquisition, the report said.

                     About Family Christian

Family Christian Holding, LLC, is the sole owner and member of
Family Christian, LLC, which operates and runs Family Christian
stores, one of the largest retail sellers of Christian books,
music, DVDs, church supplies, and other faith based merchandise.

Family Christian, LLC, Family Christian Holding, LLC, and
FCS Giftco, LLC, filed Chapter 11 bankruptcy petitions (Bankr.
W.D. Mich. Lead Case No. 15-00643) on Feb. 11, 2015.  The petition
was signed by Chuck Bengochea as president and CEO.  The Debtors
estimated assets and liabilities of $50 million to $100 million.

The Debtors are being represented by Todd Almassian, Esq., at
Keller & Almassian PLC, and Erich Durlacher, Esq., Brad Baldwin,
Esq., Bryan Glover, Esq., at Burr & Forman LLP as counsel.

The U.S. Trustee for Region 9 appointed seven creditors of Family
Christian LLC to serve on the official committee of unsecured
creditors.


FINJAN HOLDINGS: BCPI Reports 22.5% Equity Stake
------------------------------------------------
In an amended Schedule 13D filed with the Securities and Exchange
Commission, BCPI I, L.P., BCPI Partners I, L.P., BCPI Corporation,
Michael Eisenberg and Arad Naveh disclosed that as of June 24,
2016, they beneficially owned 5,216,610 shares of common stock, par
value $0.0001 per share, of Finjan Holdings, Inc. representing
22.5 percent based upon 23,184,562 shares of Common Stock reported
to be outstanding as of Dec. 31, 2016, as reported by Finjan to the
Reporting Persons.

The amendment was filed to report the aggregate sales of 136,944
shares of common stock of Finjan by the Reporting Persons for the
period from June 24, 2016, through Sept. 21, 2016.

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

                   https://is.gd/IJ6keG

                        About Finjan

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

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

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


FINJAN HOLDINGS: Had 22.8M Outstanding Common Shares as of Sept. 30
-------------------------------------------------------------------
Finjan Holdings, Inc. filed with the Securities and Exchange
Commission a copy of materials that will be used from time to time,
in whole or in part, and possibly with modifications, in connection
with presentations to investors, analysts and others. These
materials are dated as of Feb. 14, 2017, and the Company disclaims
any obligation to correct or update these materials in the future.

Company highlights include:

  -- Portfolio growing, proven durable

  -- Recent trial wins, licensing momentum

  -- Launch of VitalSecurity

  -- Recent financing, strong cash position, profitable FY 2016

As of Sept. 30, 2016, Finjan had 22.85 million outstanding common
shares, 84,714 preferred shares outstanding, $11.6 million cash and
$4.3 million licensing fees under contract.

A copy of the February 2017 Investor Presentation is available at:

                   https://is.gd/kUe4VH

                       About Finjan

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

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

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


FIRST PHOENIX-WESTON: Disclosure Statement Gets Court's Approval
-----------------------------------------------------------------
The Hon. Catherine J. Furay of the U.S. Bankruptcy Court for the
Western District of Wisconsin has approved the joint disclosure
statement filed by First Phoenix-Weston LLC and FPG & LCD, L.L.C.,
on Feb. 20, 2017, referring to the Debtors' plan of
reorganization.

The Debtors' Joint Disclosure Statement dated Feb. 20, 2017, states
that the Allowed Secured Claim of Class 3C All-Lines Leasing
against Weston -- estimated at $7,171 -- will be paid by Weston in
equal monthly installments of principal and interest at 4% per
annum, amortized over five years from the Effective Date.  There
are no Class 3C Claims against FPG.  Weston will retain the
equipment against which All-Lines holds a lien position.

As reported by the Troubled Company Reporter on Feb. 20, 2017, the
Debtors' joint disclosure statement dated Feb. 10, 2017, indicated
that Class 3B Secured Claim of Simplicity Credit Union would be
paid by Weston in equal monthly installments of principal and
interest at 4% per annum, amortized over seven years from the
Effective Date.

Funding of the cash payments due on the Effective Date will be from
the Debtors' operations during the Chapter 11 cases.  Funding of
the Plan's future installments to creditors will come from the
normal operations of the Debtors' business after confirmation of
the Plan.

The cash flow projections were prepared internally by the Debtors,
with input from their accountants and attorneys.  Future
projections were determined by reviewing (i) historical revenues
and expenses of the Debtors, (ii) the Debtors' current operations,
(iii) anticipated events that the Debtors believe will impact the
ability to operate positively and negatively, and (iv) the
obligations that will be owed pursuant to the Debtors' Plan.

The Disclosure Statement is available at:

           http://bankrupt.com/misc/wiwb16-12820-243.pdf

                    About First Phoenix-Weston

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

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


FLETCHER ASSET: EisnerAmeper, Grant on Verge of Ending Funds' Suits
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Kat Greene, writing for Bankruptcy Law360, reports that a federal
court found on Feb. 21, 2017, that Louisiana pension funds
including the Firefighters' Retirement System skipped a step in
filing their claims against EisnerAmper LLP and Grant Thornton LLP
for allegedly being complicit in fraud by Fletcher Asset Management
that cost them $100 million.

The funds filed lawsuits against EisnerAmper and Grant Thornton,
accusing the accounting firms of having a hand in their massive
investment losses after they'd given their money to Alphonse
"Buddy" Fletcher.

                   About Fletcher International

Fletcher International, Ltd., filed a bare-bones Chapter 11
petition (Bankr. S.D.N.Y. Case No. 12-12796) on June 29, 2012, in
Manhattan.  The Bermuda exempted company estimated assets and
debts of $10 million to $50 million.  The bankruptcy documents
were signed by its president and director, Floyd Saunders.

David R. Hurst, Esq., at Young Conaway Stargatt & Taylor, LLP, in
New York, serves as counsel.

Fletcher International Ltd. is managed by the investment firm of
Alphonse "Buddy" Fletcher Jr.

Fletcher Asset Management was founded in 1991.  During its initial
four years, FAM operated as a broker dealer trading various debt
and equity securities and making long-term equity investments.
Then, in 1995, FAM began creating and managing a family of private
investment funds.

The Debtor is a master fund in the Fletcher Fund structure.  As a
master fund, it engages in proprietary trading of various
financial instruments, including complex, long-term, illiquid
investments.

The Debtor is directly owned by Fletcher Income Arbitrage Fund and
Fletcher International Inc., which own roughly 83% and 17% of the
Debtor's common shares, respectively.  Arbitrage's direct parent
entities are Fletcher Fixed Income Alpha Fund and FIA Leveraged
Fund, both of which are incorporated in the Cayman Islands and are
subject to liquidation proceedings in that jurisdiction, and which
own roughly 76% and 22% of Arbitrage's common stock, respectively.
The Debtor currently has a single subsidiary, The Aesop Fund Ltd.


FLORIDA FOREST: US Trustee Tries to Block Approval of Plan Outline
------------------------------------------------------------------
Guy B. Gebhardt, Acting U.S. Trustee for Region 21, filed with the
U.S. Bankruptcy Court for the Northern District of Florida an
objection to the adequacy of the amended disclosure statement filed
by Florida Forest Products of Cross City, Inc., on Feb. 20, 2017.

The U.S. Trustee contends that the Amended Disclosure Statement
lacks adequate protection.  The U.S. Trustee claims that, among
others:

     a. the Amended Disclosure Statement does not note or disclose

        payments to Cap Call, LLC, and Rapid Capital.  As a
        consequence, the proposed plan payments are incomplete and

        misleading.  There is no information provided in the
        Amended Disclosure Statement about who will act as the
        disbursing agent, or how the Debtor determined the formula

        for payment would result in a fair or adequate payment,
        other than to note the proposed payments may be more than
        the creditors may receive in a Chapter 7 liquidation,
        assuming the Debtor completes all payments over the life
        of the 60 month plan.  The failure to provide this
        information prevents creditors from understanding whether
        the Debtor may be able to fund the Plan;

     b. the case was filed on June 29, 2016, and the Amended
        Disclosure Statement was filed on Feb. 20, 2017.  The
        information provided regarding the Debtor's financial
        operations is incomplete and misleading;

     c. the Amended Disclosure Statement does not provide a pro
        forma showing projected income and expenses and projected
        payments under the terms of the proposed Plan.  It is not
        possible based on the limited financial information
        provided in the Amended Disclosure Statement, even when
        read in concert with the Plan, for creditors to understand

        whether the Debtor has an ability to fund the Plan.  This
        is highlighted by the apparent discrepancy between the
        reported funds on hand as of December of 2016 relative to
        the stated monthly net income;

     d. the Debtor has not filed the January operating report that

        was due on or before Feb. 21, 2017, as of Feb. 26, 2017.
        The financial information provided in the Amended
        Disclosure Statement may be stale or inaccurate since it
        is not known how the Debtor performed in January 2017.

A copy of the Objection is available at:

          http://bankrupt.com/misc/flnb16-10148-130.pdf

                  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 at
$0 to $50,000 and debts at $100,001 to $500,000 at the time of the
filing.


FORESIGHT ENERGY: Will Redeem Senior Notes Due 2021
---------------------------------------------------
Foresight Energy LLC and Foresight Energy Finance Corporation (both
wholly owned subsidiaries of Foresight Energy LP) issued a
conditional notice of redemption to holders of their Senior Secured
Second Lien PIK Notes due 2021 that the Issuers will redeem
$54,500,000 of the original aggregate principal amount of their
Notes outstanding on, March 27, 2017, as such date may be delayed
in the Issuers' discretion until such time as the Redemption
Conditions are satisfied.

The redemption price for the Subject Notes will be 110.000% of the
principal amount thereof, plus accrued and unpaid interest thereon
to, but excluding, the Equity Claw Redemption Date, in accordance
with the provisions of the indenture governing the Notes.  The
Notes Equity Claw Redemption is conditioned on (x) an equity
offering being completed to provide the Issuers with net cash
proceeds sufficient to pay the aggregate Redemption Price of the
Subject Notes and (y) the pricing of an offering of senior secured
debt securities of the Issuers prior to the Notes Equity Claw
Redemption Date.  

A full-text copy of the Conditional Notice of Redemption is
available for free at https://is.gd/iQD2O8

                    About Foresight Energy

Foresight Energy mines and markets coal from reserves and
operations located exclusively in the Illinois Basin.  
As of Dec. 31, 2015, the Company has invested over $2.3 billion to
construct state-of-the-art, low-cost and highly productive mining
operations and related transportation infrastructure.  The Company
controls over 3 billion tons of proven and probable coal in the
state of Illinois, which, in addition to making the Company one of
the largest reserve holders in the United States, provides organic
growth opportunities.  The Company's reserves consist principally
of three large contiguous blocks of uniform, thick, high heat
content (high Btu) thermal coal which is ideal for highly
productive longwall operations.  Thermal coal is used by power
plants and industrial steam boilers to produce electricity or
process steam.

Foresight Energy reported a net loss attributable to limited
partner units of $39.47 million on $984.85 million of total
revenues for the year ended Dec. 31, 2015, compared to net income
attributable to limited partner units of $70.19 million on $1.10
billion of total revenues for the year ended Dec. 31, 2014.

As of Sept. 30, 2016, Foresight Energy had $1.73 billion in total
assets, $1.80 billion in total liabilities and a total partners'
deficit of $70.03 million.

Ernst & Young LLP, in St. Louis, Missouri, issued a "going
concern" qualification on the consolidated financial statements
for the year ended Dec. 31, 2015, noting that the Partnership is
in default of certain provisions of its long-term debt and capital
lease obligations, resulting in a working capital deficit as of
Dec. 31, 2015.  These conditions raise substantial doubt about the
Partnership's ability to continue as a going concern.

                          *     *     *

In September 2016, S&P Global Ratings raised its issuer credit
rating on St. Louis-based Foresight Energy L.P. to 'B-' from 'D'.
The outlook is negative.  "The recent restructuring, including
exchange of the senior notes, along with associated amendments
resolves the previous conditions of default, waives certain
amortization requirements, and restores Foresight's access to its
revolving credit facility with revised covenants.  While we view
this restructuring as a positive development and continue to
consider Foresight's business risk profile to be among the
strongest in the beleaguered coal space, in our view, the company's
capital structure could become unsustainable," S&P said.

As reported by the TCR on Nov. 4, 2016, Moody's Investors Service
upgraded the corporate family rating of Foresight Energy, LLC to
Caa1 from Caa2, as well as the probability of default rating (PDR)
to Caa1-PD from Caa2-PD, and the senior secured rating to B3 from
Caa1.  The speculative grade liquidity rating of SGL-3 remains
unchanged.  The outlook is stable.


FRASIER MEADOWS: Fitch Rates $86MM 2017 Revenue Bonds BB+
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Fitch Ratings has assigned a 'BB+' rating to the following bonds
issued by Colorado Health Facilities Authority on behalf of Frasier
Meadows Manor, Inc. (Frasier):

-- $86.735 million revenue and revenue refunding bonds, series
    2017.

Proceeds from the bonds will be used to currently refund all of
Frasier's outstanding debt; reimburse Frasier for prior capital
expenditures; fund a portion of the costs of Frasier's capital
improvement plan, including a renovated wellness center, a new arts
& education center and costs associated with a planned independent
living unit (ILU) expansion,; fund a debt service reserve fund and
24 months of capitalized interest; and pay the costs of issuance.
The bonds are expected to sell via negotiated sale the week of
March 20.

The Rating Outlook is Stable.

SECURITY
The bonds are secured by a first mortgage lien on Frasier's campus
and facilities, a security interest in gross revenues (including
entrance fees), and a debt service reserve fund.

KEY RATING DRIVERS

TWO-PHASE BORROWING: The 'BB+' rating incorporates the impact of a
two-phase borrowing being undertaken by Frasier to fund a major
capital plan. In addition to the projects being financed with the
series 2017 bonds, Frasier has phase II capital plans, which are
expected to add 98 ILU apartments, increasing construction and
fill-up risk and resulting in the issuance of an additional $48
million of temporary debt and a substantial equity contribution.

INCREASING DEBT POSITION: With the series 2017 bond issue, Frasier
will increase its permanent debt by about $50 million, more than
doubling its current debt load and resulting in a high 24.2% pro
forma maximum annual debt service (MADS) as a percent of fiscal
2016 revenues. Pro forma MADS coverage was a slim 1.1x in fiscal
2016, comparing unfavorably to Fitch's 'BBB' category median of
1.9x.

SOLID DEMAND TRENDS: Frasier's long operating history, favorable
service area demographics and high-quality reputation have resulted
in strong occupancy across all levels of care. Approximately 93% of
ILUs, 100% of assisted living units (ALUs) and 97% of skilled
nursing facility beds (SNFs) were occupied as of Dec 31, 2016.

RECOVERY IN CASH FLOWS: Frasier's net operating margin
(NOM)-adjusted has shown improvement following a temporary
disruption in ALU and SNF operations as a result of a flash flood
that adversely affected fiscal 2014 and 2015 results. NOM-adjusted
increased to 23.2% in fiscal 2016 (year-end June 30) and 27.3% as
of Dec. 31, 2016, from 12.7% in fiscal 2014.

STRONG OPERATING LIQUIDITY: Despite robust capital spending that
has resulted in a below-average age of plant (10.5 years in 2016),
unrestricted cash and investments of $37.6 million equaled a robust
670 days cash on hand (DCOH) as of Dec. 31, 2016. Additionally,
Frasier plans to reimburse itself $14.2 million from bond proceeds,
indicating a fair degree of financial flexibility to meet
unforeseen spending needs and soften the impact of its planned
equity contribution of approximately $21.8 million to the phase II
ILU expansion project.

RATING SENSITIVITIES
LARGE CAPITAL PLANS: While the 'BB+' rating on Frasier Meadows
Manor, Inc. incorporates the impact of the series 2017 issuance and
the high likelihood of the phase II borrowing. The issuance of the
phase II bonds is approximately 8-10 months away. Should the phase
II project timing, scope, or financial details change materially,
those modifications could affect the rating at the time of
issuance.

OPERATING PROFILE MAINTENANCE: The 'BB+' rating also assumes that
Frasier Meadows Manor, Inc.'s current operating profile,
characterized by strong occupancy and healthy cash flows, remains
stable. The rating assumes that Frasier's liquidity balances meet
projected levels throughout the forecast period. Should any of
these weaken during the planned construction and fill-up periods,
it could result in negative rating pressure.

CREDIT PROFILE

Established in 1956, Frasier owns and operates a single-site life
plan community (LPC) with 208 ILU apartments, 19 ALUs, 19 memory
care ALUs and 54 SNF units, on a 20-acre campus in Boulder, CO.
Frasier currently offers a type-B modified fee-for-service contract
with 50% refundable or non-refundable entrance fee residency
agreements. Non-refundable entrance fees are approximately 25%
lower than the refundable entrance fees and monthly service fees
are the same under each type of agreement. All agreements provide
for a modest discount for healthcare benefits, as well as 30 free
healthcare days per ILU per year in a semi-private room.
Approximately 50% of ILU residents have non-refundable entrance fee
agreements.

Weighted average entrance fees are $447,721 under the 50%
refundable agreement and $335,791 under the non-refundable option.
Monthly fees under both agreements average $3,416.

Since opening in 1960, Frasier has undergone several renovation and
expansion projects. The most recently executed project involving
bond financing was in 2008, which expanded common areas and
upgraded electrical and mechanical systems. In addition, there have
been ongoing reconfigurations and renovations made to the facility
since 2013 as part of Frasier's flood recovery efforts. Fitch
toured the Frasier campus and found it to be attractive and modern
with very desirable unit sizes and configurations across the
continuum of care, many with impressive views of the Rocky
Mountains.

As part of the proposed series 2017 transaction, Frasier has
entered into a memorandum of understanding (MOU) with Boulder
Housing Partners (Housing Authority) to form a 50/50 joint venture
(JV) to operate an affordable senior housing facility on the campus
of Mt. Calvary Lutheran Church in Boulder. As part of the MOU,
Frasier will acquire the land for $5.2 million, under a
sale/lease-back agreement with the Housing Authority. The Housing
Authority will construct and operate the housing units and any
loans incurred as a result of construction will be non-recourse to
Frasier. The JV will be recorded as an "investment in affiliate" on
Frasier's balance sheet and Frasier will share in any gains or
losses on the units; however, management expects the project to
break even. Financial projections provided to Fitch made no
assumptions about the performance of this project.

TWO-PHASE CAPITAL PLAN
Frasier expects to move forward on a major two-phase capital plan.
The first phase, which is being funded with the series 2017 bond
issuance, will apply approximately $38 million of bond proceeds to
the current refunding of all of its outstanding debt. In addition,
Frasier is using about $25 million of bond proceeds to fund
new-money capital projects, including expansions to its formal and
casual dining venues, multipurpose room, library, wellness center,
and administrative and marketing offices. This phase of the project
is being driven by the desire to enhance common spaces to meet
market demand for services and amenities on the Frasier campus. The
project will also encompass the completion of all remaining flood
recovery projects, including $3.5 million for the construction of a
flood wall on the east side of the property, facing Foothills
Parkway.

Phase II capital plans include the construction of 98 new ILU
apartments at an expected cost of approximately $70 million. This
phase of the project is being driven by the desire to meet demand
for ILUs at Frasier and take advantage of a market area with very
favorable demographics. Pre-sales on the apartments began in
October 2016. To date, 75, or 76%, of the proposed expansion units,
have been reserved with 10% deposits, indicating very strong
preliminary demand.

The preliminary phase II timing includes a planned $48 million bond
financing in October 2017. The balance of the project cost will be
funded with a $21.8 million internal equity contribution. Fitch
notes that construction and other risk mitigants, such as a
guaranteed maximum price contract and liquidated damages, are
expected to be in place for the phase II project.

Fitch's 'BB+' rating assumes the aforementioned projects and level
of anticipated debt are undertaken in the next 8 to 10 months.
Changes to the timing, scope or financing details of the
development could impact the rating. Fitch notes Frasier's high ILU
occupancy, favorable service area demographics and property values,
solid financial performance, and management's prior experience with
large development projects position Frasier well to execute on its
plans.

INCREASING DEBT POSITION

With the series 2017 bond issue, Frasier increases its total debt
by about $50 million, more than doubling its current debt load.
This results in a high 24.2% pro forma MADS as a percent of
revenues and a slim 1.1x pro forma MADS coverage, despite the
recovery in cash flows Frasier has experienced in the aftermath of
the flash flood. Also, while total debt/net available funds is
currently at a favorable level relative to Fitch's 'BBB' category
median, this ratio will weaken considerably after the series 2017
bond issue.

In addition to the projects being financed with the series 2017
bonds, Frasier's phase II capital plans will increase construction
and fill-up risk and result in the issuance of temporary debt,
which is expected to be repaid from the proceeds of initial
entrance fees. New revenues from the planned ILU expansion are
anticipated to support operations and debt service coverage once
they are completed and occupied. The 98 new ILUs are expected to be
ready for occupancy in May 2019 and to achieve stabilized occupancy
by April 2021.

OCCUPANCY AND DEMAND TRENDS

Frasier's long operating history, favorable service area
demographics, and high-quality reputation have resulted in strong
occupancy and a very substantial waiting list of close to 290
prospective residents. Frasier has historically maintained full
occupancy across all levels of care; however, utilization dipped in
fiscal 2014 due to a weather-related flash flood that caused
several residents to be displaced, as 15 ILUs, 38 ALUs and 54 SNFs
were temporarily taken out of service.

Favorably, management was able to quickly move forward with flood
recovery efforts, which included rebuilding the ALU and resizing
the SNF to its current configuration of 54 beds (from 108 prior to
the flood), and occupancy levels have fully recovered to those
experienced historically. Approximately 93% of ILUs, 100% of ALUs
and 97% of SNFs were occupied as of Dec. 31, 2016.

FINANCIAL PERFORMANCE AND POSITION
Cash flow levels have also shown improvement following the
temporary disruption in operations caused by the flash flood, which
negatively affected fiscal 2014 and 2015 results. NOM-adjusted
increased to 23.2% in fiscal 2016 and 27.3% as of Dec 31, 2016,
from up 12.7% in fiscal 2014, comparing favorably to Fitch's
below-investment grade median of 20%. Operating ratio has also
shown significant improvement to 96% in fiscal 2016 and 97.8% as of
Dec. 31, 2016, from 106.3% in fiscal 2014, in line with Fitch's
below-investment grade median of 97.8%.

Despite robust capital spending, which has resulted in a
below-average age of plant (10.5 years in 2016), unrestricted cash
and investments of $37.6 million equaled a robust 670 days of
operating expenses and 101.6% of outstanding debt as of Dec. 31,
2016. These liquidity metrics are both well in excess of Fitch's
below-investment grade medians of 256.3 DCOH and 34.9%
cash-to-debt.

Frasier expects to fund an approximate $21.8 million equity
contribution to its planned phase II construction project from
unrestricted cash and investments, a portion of which includes
$14.2 million of reimbursed prior and future capital expenses from
series 2017 bond proceeds. As a result, certain liquidity metrics
are projected to weaken to 512 days cash on hand (DCOH) and 53.3%
cash-to-debt in the first year of stabilized occupancy for the
project (fiscal 2022). Frasier expects to receive approximately $52
million in initial entrance fees from the planned new units. Fitch
has incorporated the impact of this planned phase II expansion into
the 'BB+' rating and assumes that Frasier's liquidity balances meet
projected levels throughout the forecast period.

CONTINUING DISCLOSURE

Management covenants to provide unaudited quarterly financial
statements within 45 days of the close of each fiscal quarter and
audited financial statements within 150 days of fiscal year-end.



GOODMAN NETWORKS: Amended RSA Sets March 13 Chapter 11 Filing
-------------------------------------------------------------
Goodman Networks Incorporated and certain of its subsidiaries and
the parties to the Company's previously announced Restructuring
Support and Forbearance Agreement (the "RSA") entered into an
amendment to that RSA, which, among other things, amends the
outside date by which the Company must commence chapter 11 cases to
March 13, 2017.  The Company expects to commence the solicitation
of votes to accept or reject the Company's prepackaged Chapter 11
plan of reorganization in the near term in advance of filing for
chapter 11 protection.  The terms of the RSA provide for the
previously announced recoveries to the Company's creditors and
interest holders pursuant to the Company's plan of reorganization,
including honoring the Company's obligations to its customers,
employees, vendors, and other unsecured creditors in the ordinary
course of business with no disruptions.  The Company will continue
to operate its business as usual in all respects and the chapter 11
filing is not expected to have an impact on the Company's
operations.

Headquartered in Frisco, Texas, Goodman Networks Inc. provides a
variety of telecommunications services to the wireless industry,
with services such as network design, engineering, deployment,
integration, and maintenance.  The company also offers staffing
services as well as supply chain management services, such as
materials management and logistics.  Goodman Networks specializes
in providing equipment lifecycle services for telecom carriers and
equipment manufacturers in the public and private sector,
supporting some 90,000 telecom facilities per year.  Customers have
included big names such as AT&T, DirecTV, and Alcatel-Lucent.


GREAT BASIN: Enters Into Waiver Agreements with 2016 Noteholders
----------------------------------------------------------------
As previously disclosed on the Current Report on Form 8-K filed
with the Securities and Exchange Commission, on June 29, 2016,
Great Basin Scientific Inc. entered into a Securities Purchase
Agreement in relation to the issuance and sale by the Company to
certain buyers as set forth in the Schedule of Buyers attached to
the 2016 SPA of $75 million aggregate principal amount of senior
secured convertible notes.

On Feb. 14, 2017, the Company and certain 2016 Note Buyers holding
enough of the 2016 Notes and Series H Warrants to constitute the
required holders under Section 9(e) of the 2016 SPA and Section 19
of the 2016 Notes entered into waiver agreements to waive,
effective as of the Feb. 14, 2017, Section 4(n)(ii) of the SPA
solely with respect to (x) the Company filing a registration
statement on Form S-1 for an offering of its securities and (y) the
Company's consummation of the Proposed Offering as set forth in
that registration statement.

                      About Great Basin

Great Basin Scientific is a molecular diagnostic testing company
focused on the development and commercialization of its patented,
molecular diagnostic platform designed to test for infectious
disease, especially hospital-acquired infections.  The Company
believes that small to medium sized hospital laboratories, those
under 400 beds, are in need of simpler and more affordable
molecular diagnostic testing methods.  The Company markets a system
that combines both affordability and ease-of-use, when compared to
other commercially available molecular testing methods, which the
Company believes will accelerate the adoption of molecular testing
in small to medium sized hospitals.  The Company's system includes
an analyzer, which it provides for its customers' use without
charge in the United States, and a diagnostic cartridge, which the
Company sells to its customers.

Great Basin reported a net loss of $57.9 million in 2015 following
a net loss of $21.7 million in 2014.

As of Sept. 30, 2016, Great Basin had $83.40 million in total
assets, $144.9 million in total liabilities, and a total
stockholders' deficit of $61.47 million.

Mantyla McReynolds, LLC, in Salt Lake City, Utah, issued a "going
concern" opinion in its report on the consolidated financial
statements for the year ended Dec. 31, 2015, citing that the
Company has incurred substantial losses from operations causing
negative working capital and negative operating cash flows.  These
issues raise substantial doubt about its ability to continue as a
going concern, the auditors said.


GREAT BASIN: Had 1.3 Billion Outstanding Common Stock as of Feb. 24
-------------------------------------------------------------------
On February 17 through Feb. 24, 2017, certain holders of senior
secured convertible notes, dated July 1, 2016, were issued shares
of Great Basin Scientific, Inc.'s common stock, par value $0.0001
per share, pursuant to Section 3(a)(9) of the U.S. Securities Act
of 1933, as amended, in connection with conversions at the election
of such holders pursuant to the terms of the 2016 Notes.  In
connection with the conversions, the Company issued 296,000,000
shares of Common Stock.  As per the terms of the 2016 Notes, the
Conversion Shares immediately reduced the principal amount
outstanding of the 2016 Notes by $295,970 based upon a conversion
price between $0.00119 and $0.00085 per share.  The issuance of the
Conversion Shares pursuant to the conversion of the 2016 Notes
described herein is exempt from registration under the Securities
Act pursuant to the provisions of Section 3(a)(9) thereof as
securities exchanged by the issuer with its existing security
holders exclusively where no commission or other remuneration is
paid or given directly or indirectly for soliciting such exchange.

As of Feb. 24, 2017, a total principal amount of $3.8 million of
the 2016 Notes has been converted into shares of Common Stock.
Approximately $33.9 million in principal remains to be converted.
Restrictions on a total of $11.0 million in the Company's
restricted cash accounts has been released including $6.0 million
at closing and $5.0 million in early releases from the restricted
cash accounts. $19.7 million remains in the restricted cash
accounts to have the restrictions removed and become available to
the Company at future dates pursuant to terms of the 2016 Notes.

As of Feb. 24, 2017, there are 1,375,273,911 shares of Common Stock
issued and outstanding.

In connection with the conversion of a portion of the principal
outstanding under the 2016 Notes, the exercise prices of certain of
our issued and outstanding securities were automatically adjusted
to take into account the conversion price of the 2016 Notes.  The
exercise prices of the following securities were adjusted as
follows.

Class A and Class B Warrants

As of Feb. 24, 2017, the Company had outstanding Class A Warrants
to purchase 48 shares of Common Stock and Class B Warrants to
purchase 29 shares of Common Stock.  The Class A and Class B
Warrants include a provision which provides that the exercise price
of the Class A and Class B Warrants will be adjusted in connection
with certain equity issuances by the Company.  The consummation of
the Conversions triggers an adjustment to the exercise price of the
Class A and Class B Warrants.  Therefore, as of Feb. 24, 2017, the
exercise price for the Class A and Class B Warrants was adjusted
from $0.00126 to $0.00085 per share of Common Stock.

Common Stock Warrants

As of Feb. 24, 2017, the Company had outstanding certain Common
Stock warrants to purchase 2 shares of Common Stock.  As a result
of the Conversions, as of Feb. 24, 2017, the exercise price for
certain Common Stock warrants was adjusted from $0.00126 to
$0.00085 per share of common stock.

Series B Warrants

As of Feb. 24, 2017, the Company had outstanding Series B Warrants
to purchase 34 shares of Common Stock.  The Series B Warrants
include a provision which provides that the exercise prices of the
Series B Warrants will be adjusted in connection with certain
equity issuances by the Company.  As a result of the Conversions,
as of Feb. 24, 2017, the exercise price for Series B Warrants was
adjusted from $355,106 to $336,254 per share of Common Stock.

Series D and 2015 Subordination Warrants

As of Feb. 24, 2017, the Company had outstanding Series D Warrants
to purchase 2,361,468 shares of Common Stock and 2015 Subordination
Warrants to purchase 71,129 shares of Common Stock. The Series D
and 2015 Subordination Warrants include a provision which provides
that the exercise prices of the Series D and 2015 Subordination
Warrants will be adjusted in connection with certain equity
issuances by the Company.  The consummation of the Conversions
triggers an adjustment to the exercise price of the Series D and
2015 Subordination Warrants.  Therefore, as of
Feb. 24, 2017, the exercise price for the Series D and 2015
Subordination Warrants was adjusted from $0.00126 to $0.00085 per
share of Common Stock.

Series G Warrants

As of Feb. 24, 2017, the Company had outstanding Series G Warrants
to purchase 159 shares of Common Stock.  The Series G Warrants
include a provision which provides that the exercise price of the
Series G Warrants will be adjusted in connection with certain
equity issuances by the Company.  The consummation of the
Conversions triggers an adjustment to the exercise price of the
Series G Warrants.  Therefore, as of Feb. 24, 2017, the exercise
price for the Series G Warrants was adjusted from $0.00126 to
$0.00085 per share of Common Stock.

Series H and 2016 Subordination Warrants

As of Feb. 24, 2017, the Company had outstanding Series H Warrants
to purchase 2,346 shares of Common Stock and 2016 Subordination
Warrants to purchase 71 shares of Common Stock.  The Series H and
2016 Subordination Warrants include a provision which provides that
the exercise prices of the Series H and 2016 Subordination Warrants
will be adjusted in connection with certain equity issuances by the
Company.  The consummation of the Conversions triggers an
adjustment to the exercise price of the Series H and 2016
Subordination Warrants.  Therefore, as of February 24, 2017, the
exercise price for the Series H and 2016 Subordination Warrants was
adjusted from $0.00126 to $0.00085 per share of Common Stock.

Series F Convertible Preferred Stock

As of Feb. 24, 2017, the Company has outstanding 5,860 shares of
Series F Convertible Preferred Stock.  The Series F Convertible
Preferred Stock includes a provision which provides that the
conversion price of the Series F Convertible Preferred Stock will
be adjusted in connection with certain equity issuances by the
Company.  As a result of the Conversions, as of Feb. 24, 2017, the
conversion price for the Series F Convertible Preferred Stock was
adjusted from $0.00126 to $0.00085 per share of Common Stock.

                      About Great Basin

Great Basin Scientific is a molecular diagnostic testing company
focused on the development and commercialization of its patented,
molecular diagnostic platform designed to test for infectious
disease, especially hospital-acquired infections.  The Company
believes that small to medium sized hospital laboratories, those
under 400 beds, are in need of simpler and more affordable
molecular diagnostic testing methods.  The Company markets a system
that combines both affordability and ease-of-use, when compared to
other commercially available molecular testing methods, which the
Company believes will accelerate the adoption of molecular testing
in small to medium sized hospitals.  The Company's system includes
an analyzer, which it provides for its customers' use without
charge in the United States, and a diagnostic cartridge, which the
Company sells to its customers.

Great Basin reported a net loss of $57.9 million in 2015 following
a net loss of $21.7 million in 2014.

As of Sept. 30, 2016, Great Basin had $83.40 million in total
assets, $144.9 million in total liabilities, and a total
stockholders' deficit of $61.47 million.

Mantyla McReynolds, LLC, in Salt Lake City, Utah, issued a "going
concern" opinion in its report on the consolidated financial
statements for the year ended Dec. 31, 2015, citing that the
Company has incurred substantial losses from operations causing
negative working capital and negative operating cash flows.  These
issues raise substantial doubt about its ability to continue as a
going concern, the auditors said.


HHGREGG INC: Taps Miller Buckfire to Find Ways to Improve Liquidity
-------------------------------------------------------------------
Lauren Coleman-Lochner and Jodi Xu Klein, writing for Bloomberg
News, reported that HHGregg Inc., the 61-year-old seller of
appliances and electronics, is preparing to file for bankruptcy as
it grapples with slumping sales, according to people familiar with
the matter.

According to the report, citing the people, the filing may come as
soon as March.  The Indianapolis-based company announced that it
was pursuing a range of strategic and financial options, the report
related.  HHGregg is still seeking an out-of-court solution that
would allow it to stave off Chapter 11, the report further related,
citing one of the people.

The report pointed out that HHGregg, which has lost money the past
two fiscal years, would join retailers such as Limited Stores and
Wet Seal in seeking bankruptcy protection this year.  The
brick-and-mortar chains are victims of shifting consumer spending
patterns, with more money headed to e-commerce and experiences --
rather than traditional shopping centers, the report further
pointed out.

At HHGregg, particularly weak holiday sales have pushed the
retailer closer to the edge, the report said.  Its quarterly
revenue for the period ended Dec. 31, 2016, plunged 24 percent, the
report added.

In light of the challenges, the company said on Feb. 15, 2017, that
it hired Stifel, Nicolaus & Co. and Miller Buckfire & Co. to help
find ways to improve liquidity and stem the red ink, the report
noted.


HIDALGO INDUSTRIAL: Case Summary & 20 Largest Unsecured Creditors
-----------------------------------------------------------------
Debtor: Hidalgo Industrial Services, Inc.
        2535 Brennan Avenue
        Fort Worth, TX 76106

Case No.: 17-40735

Type of Business: Provider of construction service solutions

Chapter 11 Petition Date: February 26, 2017

Court: United States Bankruptcy Court
       Northern District of Texas (Ft. Worth)

Judge: Hon. Mark X. Mullin

Debtor's Counsel: Jeff P. Prostok, Esq.
                  FORSHEY & PROSTOK, LLP
                  777 Main St., Suite 1290
                  Ft. Worth, TX 76102
                  Tel: 817-877-8855
                  E-mail: jpp@forsheyprostok.com
                         jprostok@forsheyprostok.com

Estimated Assets: $10 million to $50 million

Estimated Debts: $10 million to $50 million

The petition was signed by D. W. Johnson, chief financial officer.

Debtor's List of 20 Largest Unsecured Creditors:

   Entity                          Nature of Claim   Claim Amount
   ------                          ---------------   ------------
Sunbelt Rentals                      Trade Debt         $507,463
PO Box 409211
Atlanta, GA 30384
Monica Orlando
Tel: 713-521-8000

All-Tex Pipe & Supply, Inc.          Trade Debt         $392,773
PO Box 911854
Dallas, TX 75392-1854
Dale Hurd
Tel: 214-389-2204

Ferguson Enterprises, Inc.           Trade Debt         $166,976

United Rentals                       Trade Debt         $159,592

H&E Equipment Services LLC           Trade Debt         $117,090

E-MC Electrical Services             Trade Debt         $106,729

United Healthcare                    Insurance          $104,650
                                     Premiums

Facility Response Group              Trade Debt          $99,656

Johnson Controls                     Trade Debt          $77,711

PCI-Performance Contracting          Trade Debt          $69,033

American Express-1007               Credit Card          $51,915

Blue Cross Blue Shield of Texas      Insurance           $50,542
                                     Premiums

Shannon Gracey Ratliff & Miller      Legal Fees          $49,963

Thermal Dynamix Insulation           Trade Debt           $45,540

Capital One, F.S.B.                 Credit Card           $44,140

Barnsco, Inc.                        Trade Debt           $42,492

Daikin Applied                       Trade Debt           $39,831

Logical Solutions, Inc.              Trade Debt           $38,903

Austin Undergroud, Inc.              Trade Debt           $38,646

Carrier Corporation                  Trade Debt           $37,949


HUMBLE SURGICAL: Voluntary Chapter 11 Case Summary
--------------------------------------------------
Debtor affiliates filing separate Chapter 11 bankruptcy petitions:

     Debtor                                       Case No.   
     ------                                       --------
     Humble Surgical Hospital, LLC                17-31078
       fdba Humble Surgical Hospital, LP
       dba Humble Surgical Hospital
     5120 Woodway Drive, Suite 7012
     Houston, TX 77056

     Humble Surgical Holdings, LLC                17-31079
     5120 Woodway Drive, Suite 7012
     Houston, TX 77056

     K & S Consulting ASC, LP                     17-31080

     K&S Consulting Management, LLC               17-31081

Type of Business: Health Care

Chapter 11 Petition Date: February 24, 2017

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

Judge: Hon. David R Jones

Debtors' Counsel: Melissa Anne Haselden, Esq.
                  HOOVER SLOVACEK LLP
                  Galleria II Tower
                  5051 Westheimer, Suite 1200
                  Houston, TX 77056
                  Tel: 713.977.8686
                  Fax: 713.977.5395
                  E-mail: Haselden@hooverslovacek.com

                     - and -

                  Edward L Rothberg, Esq.
                  HOOVER SLOVACEK, LLP
                  Galleria Tower II
                  5051 Westheimer, Suite 1200
                  Houston, TX 77056
                  Tel: 713-977-8686
                  Fax: 713-977-5395
                  E-mail: rothberg@hooverslovacek.com

Debtors'
Financial
Advisor:          BVA GROUP RESTRUCTURING AND ADVISORY LLC
           
                                        Estimated   Estimated
                                          Assets   Liabilities
                                        ---------  -----------
Humble Surgical Hospital                $10M-$50M  $50M-$100M
Humble Surgical Holdings                $0-50K     $1M-$10M

The petitions were signed by Jeffrey M. Anapolsky, chief
restructuring officer.

The Debtors did not include a list of their largest unsecured
creditors when they filed the petition.

Full-text copies of the petitions are available for free at:

            http://bankrupt.com/misc/txsb17-31078.pdf
            http://bankrupt.com/misc/txsb17-31079.pdf


IHEARTCOMMUNICATIONS INC: Incurs $296.3 Million Net Loss in 2016
----------------------------------------------------------------
IHeartcommunications, Inc., filed with the Securities and Exchange
Commission its annual report on Form 10-K disclosing a net loss
attributable to the Company of $296.31 million on $6.27 billion of
revenue for the year ended Dec. 31, 2016, compared to a net loss
attributable to the Company of $754.62 million on $6.24 billion of
revenue for the year ended Dec. 31, 2015.

As of Dec. 31, 2016, Iheartcommunications had $12.86 billion in
total assets, $23.74 billion in total liabilities and a total
shareholders' deficit of $10.88 billion.
"We continue to take major steps to transform our iHeartMedia and
outdoor businesses into a leading multi-platform, 21st-century
media and entertainment company," said Bob Pittman, chairman and
chief executive officer of iHeartMedia, Inc.  "We are successfully
building out new products and services for advertising partners to
capitalize on our unique strength with the consumer - such as
extending iHeartRadio with new on demand services and to in-home
connectivity devices, including Amazon's Alexa and Google Home.  In
firsts for both industries, iHeartMedia and outdoor are building
out their data-rich analytics capabilities and programmatic
ad-buying solutions to do business in the same way that the entire
advertising industry is heading.  At outdoor, we continue to win
new contracts while expanding our digital networks for even more
innovative campaigns."

Rich Bressler, president, chief operating officer and chief
financial officer, said: "We delivered growth in our consolidated
revenues, operating income and OIBDAN in both the fourth quarter
and full year 2016.  At the iHeartMedia segment, fourth quarter
revenue growth marked the fifteenth consecutive quarter of
year-over-year increases in revenues, evidence of our company's
successful transformation.  Throughout the year, both our
iHeartMedia and outdoor businesses benefited from the investments
we are making to develop and deliver new products, while
maintaining our tight operating and financial discipline."

                      Bankruptcy Warning

"Our and our subsidiaries' ability to make scheduled payments on
our respective debt obligations depends on our financial condition
and operating performance, which is subject to prevailing economic
and competitive conditions and to certain financial, business and
other factors beyond their or our control.  In addition, because We
derive a substantial portion of our operating income from our
subsidiaries, our ability to repay our debt depends upon the
performance of our subsidiaries, their ability to dividend or
distribute funds to us and our receipt of funds under our cash
management arrangement with our subsidiary, CCOH.

"We and our subsidiaries may not generate cash flow from operations
or have cash on hand in an amount sufficient to fund our liquidity
needs.  We anticipate cash interest requirements of approximately
$1.7 billion during 2017.  At December 31, 2016, we had debt
maturities totaling $343.5 million, $559.1 million (net of $503.0
million due to certain subsidiaries of ours)
and $8.4 billion in 2017, 2018 and 2019, respectively.  Our and our
subsidiaries' ability to pay our debt maturing over the next 12
months is dependent upon achieving forecasted cash from operations
and our ability to refinance or extend the maturity of the
receivables based credit facility.  We are currently exploring, and
expect to continue to explore, a variety of transactions to provide
us with additional liquidity or to restructure our indebtedness,
and we are seeking to refinance or extend the maturity of the
receivables based credit facility.  We cannot assure you that we
will enter into or consummate any such liquidity-generating or
restructuring transactions or that we will be successful in
extending the maturity of the receivables based credit facility and
we cannot currently predict the impact that any such transactions,
if consummated, would have on us.

"If our and our subsidiaries' cash flows from operations,
refinancing sources and other liquidity-generating or restructuring
transactions are insufficient to fund or extend our respective debt
service obligations or debt maturities, we may be forced to reduce
or delay capital expenditures, sell material assets or operations,
or seek additional capital from other sources.  We may not be able
to take any of these actions, and these actions may not be
successful or permit us or our subsidiaries to meet the scheduled
debt service obligations.  Furthermore, these actions may not be
permitted under the terms of existing or future debt agreements.

"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."

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

                     https://is.gd/YOAtab

                  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 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.

As reported by the TCR on Feb. 15, 2017, S&P Global Ratings said
that it raised its credit rating on San Antonio, Texas-based
iHeartMedia Inc. and its subsidiary iHeartCommunications to 'CCC'
from 'SD' (selective default).  The rating outlook is negative.


IRASEL SAND: Case Summary & 17 Largest Unsecured Creditors
----------------------------------------------------------
Debtor: Irasel Sand, LLC
        15 Fairway Oaks Place
        The Woodlands, TX 77380
        Tel: (504) 644-4864

Case No.: 17-31148

Chapter 11 Petition Date: February 27, 2017

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

Judge: Hon. Jeff Bohm

Debtor's Counsel: Sean B Davis, Esq.
                  WINSTEAD PC
                  1100 JPMorgan Chase Tower
                  600 Travis Street
                  Houston, TX 77002
                  Tel: 713-650-8400
                  Fax: 713-650-2400
                  E-mail: sbdavis@winstead.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Louis R. Butler, managing member.

A copy of the Debtor's list of 17 largest unsecured creditors is
available for free at http://bankrupt.com/misc/txsb17-31148.pdf


J. P. ALEXOPOULOS: Case Summary & 11 Unsecured Creditors
--------------------------------------------------------
Debtor: J. P. Alexopoulos Enterprises, LLC  
          DBA Fisher's Distributing
        22 E King Street
        Ephrata, PA 17522

Case No.: 17-11344

Chapter 11 Petition Date: February 27, 2017

Court: United States Bankruptcy Court
       Eastern District of Pennsylvania (Philadelphia)

Judge: Hon. Ashely M. Chan

Debtor's Counsel: Mitchell A. Sommers, Esq.
                  MITCHELL A. SOMMERS, ESQUIRE P.C.
                  107 West Main Street
                  Ephrata, PA 17522
                  Tel: (717) 733-6607
                  E-mail: sommersesq@aol.com

Estimated Assets: $0 to $50,000

Estimated Liabilities: $1 million to $10 million

The petition was signed by James Alexopoulos, member.

A copy of the Debtor's list of 11 unsecured creditors is available
for free at http://bankrupt.com/misc/paeb17-11344.pdf


J.C. PENNEY: To Close 140 Stores, Offer Buyouts to 6,000 Employees
------------------------------------------------------------------
Anne Steele, writing for The Wall Street Journal, reported that
J.C. Penney Co. said it would shut as many as 140 of its roughly
1,000 stores by June, and said it was also offering a voluntary
buyout program to 6,000 of its employees.

According to the report, the 114-year-old chain, which had avoided
mass closings despite years of losses, eked out its first annual
profit since 2010, but executives said they were closing weaker
stores so they could focus their investments on revamping those in
stronger markets.  Penney said it would identify the locations that
are set to close next month; executives said many were smaller
stores in rural locations, the report related.

The report noted that the company joins a parade of traditional
chains announcing plans to close locations this year after
struggling to draw shoppers during the holiday season as more
shopping moves online. Macy's Inc. has plans to close 100 locations
and is exploring options for the rest of its real estate, while
Sears Holdings Corp. is closing 108 Kmart and 42 Sears stores, the
report pointed out.

Analysts have said that hundreds of department stores are likely to
close, especially in weaker and older malls as they lose business
to online rivals such as Amazon.com Inc. as well as off-price
retailers like TJX Cos., the report further pointed out.  The
parent of TJ Maxx and Marshall's said it would open about 1,800
stores -- about a 50% increase from its current base, the report
said.

Penney Chief Executive Marvin Ellison said the closings will allow
Penney to adjust its business to "effectively compete against the
growing threat of online retailers," the report added.  He said the
remaining store base gives Penney an advantage since the locations
can be used to ship or pick up online orders, minimizing delivery
costs, the report further related.

                       *     *     *

The Troubled Company Reporter, on Sept. 30, 2016, reported that
Moody's Investors Service upgraded J.C. Penney Company, Inc.'s
Corporate Family Rating to B1 from B3. Moody's also affirmed the
company's Speculative Grade Liquidity rating at SGL-1. The rating
outlook was changed to stable from positive.

The upgrade of J.C. Penney's ratings reflect its continued
improvement in operating performance in the face of challenging
market conditions for the department store sector. "While we
acknowledge the company has had easier comparisons than most of
its
peers, its continued progress has resulted in significant
deleveraging which is evidence of the traction of its initiatives
and the recovery of market share" stated Vice President, Christina
Boni. Moody's believes the company can continue to increase sales
and operating margins through further improvements in
merchandising, sourcing and operations. Nonetheless, soft trends
in
apparel spending, weak mall traffic, and continued market share
gains by off-price retailers are formidable headwinds that remain
for J.C. Penney and department stores generally.


J.G. WENTWORTH: Hires Evercore Partners to Fix Capital Structure
----------------------------------------------------------------
The American Bankruptcy Institute, citing Jessica DiNapoli of
Reuters, reported that U.S. consumer finance company J.G. Wentworth
Co has hired financial adviser Evercore Partners Inc. to help it
address its debt burden, as fierce competition eats into its
profits, people familiar with the matter said.

According to the report, J.G. Wentworth, known for its catchy
jingles and television commercials, has hired Evercore to help it
fix its capital structure, which includes an approximately $440
million term loan, the people said.

The report pointed out that J.G. Wentworth had $300 million drawn
on its credit line as of Sept. 30.

The Radnor, Pennsylvania-based company buys future payments that
consumers expect to receive from various sources including state
lotteries, insurance companies and annuities, and in turn pays its
customers a lump sum, the report related.  J.G. Wentworth
securitizes the future payments and sells them, the report said.

Low interest rates have increased competition, J.G. Wentworth said
in its 2016 annual report, the report further related.

The company has also been under investigation by the Consumer
Finance Protection Bureau, the report added.

J.G. Wentworth is a diversified financial services company that
specializes in providing solutions to consumers in need of cash.


KIWA BIO-TECH: Closes Sale of $1-Mil. Common Stock to Junwei Zheng
------------------------------------------------------------------
Kiwa Bio-Tech Products Group Corporation completed the sale of
1,000,000 shares of Kiwa Common Stock at a price of $1.00 per share
(total sale proceeds were $1,000,000) to Junwei Zheng in a private
transaction which was exempt from registration under Section
4(a)(2) of the Securities Act of 1933, as amended and Regulation S
promulgated under the Act since, among other things, the
transaction did not involve a public offering and the securities
were acquired for investment purposes only and not with a view to
or for sale in connection with any distribution thereof and were
purchased by an investor who is not a resident of the United
States.  The net proceeds will be used for the further development
of Kiwa products and distribution, as well as for general working
capital, according to a Form 8-K report filed with the Securities
and Exchange Commission.

                       About Kiwa Bio-Tech
                          
Kiwa Bio-Tech Products Group Corporation develops, manufactures,
distributes and markets bio-technological products for agriculture.
The Company has acquired technologies to produce and market
bio-fertilizer.  The Company has developed over six bio-fertilizer
products with bacillus spp and/or photosynthetic bacteria as its
ingredients.  The Company's products contain ingredients of both
photosynthesis and bacillus bacteria which are protected by
patents.

The Company reported a net loss of $677,358 in 2015 following a net
loss of $707,556 in 2014.

As of Sept. 30, 2016, Kiwa Bio-Tech had $4.74 million in total
assets, $9.76 million in total liabilities and a total
stockholders' deficiency of $5.02 million.

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, citing that the Company's current
liabilities substantially exceeded its current assets by $9,330,130
at Dec. 31, 2015.  The Company had no sales during the years ended
Dec. 31, 2015, and 2014, had an accumulated deficit of $20,324,812
and stockholders' deficiency of $11,100,454 as of Dec. 31, 2015.
These circumstances, among others, raise substantial doubt about
the Company's ability to continue as a
going concern.


KLD ENERGY: Wants More Plan Exclusivity Pending Sale
----------------------------------------------------
KLD Energy Technologies, Inc., asks the U.S. Bankruptcy Court for
the Western District of Texas to extend its exclusive period to
file a plan through and including April 30, 2017.

The Debtor has already filed its Original Chapter 11 Plan of
Reorganization, dated June 3, 2016.  But to date, the Plan has not
been accepted by each class of impaired claims under the Plan.

Recently, the Court has entered a Second Supplemental Order
authorizing the Debtor to sell substantially all of its assets to
MyWay Group Co., Ltd., pursuant to the terms of the Asset Purchase
Agreement, pursuant to which, the sale transaction to MyWay is to
close on or before March 22, 2017.

As such, if the sale to MyWay fails to close, the Debtor would need
additional time to reformulate a plan and attempt to reorganize.
The Debtor anticipates filing a plan of liquidation to allow for
the appropriate distribution of proceeds as well as the
establishment of a liquidation trust to prosecute any causes of
action held by the Debtor.

                     About KLD Energy Technologies

KLD Energy Technologies, Inc., which engages in the engineering,
development, and manufacturing of electric drive systems, sought
Chapter 11 protection (Bankr. W.D. Tex. Case No. 16-10345) on March
25, 2016.  The petition was signed by Mark Wabschall, chief
financial officer.  The case is assigned to Judge Christopher H.
Mott.  The Debtor estimated assets and debt of $10 million to $50
million.

The Debtor tapped Lynn H. Butler, Esq., at Husch Blackwell LLP, as
counsel.  

No trustees or examiners have been appointed, and no official
committees of creditors or equity interest holders have yet been
established.


LEHMAN BROTHERS: Banks Lose Claims Over Mortgages
-------------------------------------------------
Jack Newsham, writing for Bankruptcy Law360, reports that a New
York federal judge on Feb. 22, 2017, ruled that banks that were
left holding hundreds of thousands of dud mortgages when Lehman
Brothers Holdings Inc. collapsed had effectively abandoned their
claims over mortgages.  Law360 relates that the judge purged the
mortgages.  Vague terms killed the banks' claims, the report says.

                     About Lehman Brothers

Lehman Brothers Holdings Inc. -- http://www.lehman.com/-- was the

fourth largest investment bank in the United States.  For more
than 150 years, Lehman Brothers has been a leader in the global
financial markets by serving the financial needs of corporations,
governmental units, institutional clients and  individuals
worldwide.

Lehman Brothers filed for Chapter 11 bankruptcy Sept. 15, 2008
(Bankr. S.D.N.Y. Case No. 08-13555).  Lehman's bankruptcy petition
disclosed US$639 billion in assets and US$613 billion in debts,
effectively making the firm's bankruptcy filing the largest in
U.S. history.  Several other affiliates followed thereafter.

Affiliates Merit LLC, LB Somerset LLC and LB Preferred Somerset
LLC sought for bankruptcy protection in December 2009.

The Debtors' bankruptcy cases were assigned to Judge James M.
Peck.  Judge Shelley Chapman took over the case after Judge Peck
retired from the bench to join Morrison & Foerster.

A team of Weil, Gotshal & Manges, LLP, lawyers led by the late
Harvey R. Miller, Esq., serve as counsel to Lehman.  Epiq
Bankruptcy Solutions serves as claims and noticing agent.

Dennis F. Dunne, Esq., Evan Fleck, Esq., and Dennis O'Donnell,
Esq., at Milbank, Tweed, Hadley & McCloy LLP, in New York, served
as counsel to the Official Committee of Unsecured Creditors.
Houlihan Lokey Howard & Zukin Capital, Inc., served as the
Committee's  investment banker.

On Sept. 19, 2008, the Honorable Gerard E. Lynch of the U.S.
District Court for the Southern District of New York, entered an
order commencing liquidation of Lehman Brothers, Inc., pursuant to
the provisions of the Securities Investor Protection Act (Case No.
08-CIV-8119 (GEL)).  James W. Giddens was appointed as trustee for
the SIPA liquidation of the business of LBI.  He is represented by
Hughes Hubbard & Reed LLP.

The Bankruptcy Court approved Barclays Bank Plc's purchase of
Lehman Brothers' North American investment banking and capital
markets operations and supporting infrastructure for US$1.75
billion.  Nomura Holdings Inc., the largest brokerage house in
Japan, purchased LBHI's operations in Europe for US$2 plus the
retention of most of employees.  Nomura also bought Lehman's
operations in the Asia Pacific for US$225 million.

Lehman emerged from bankruptcy protection on March 6, 2012, more
than three years after it filed the largest bankruptcy in U.S.
history.  The Chapter 11 plan for the Lehman companies other than
the broker was confirmed in December 2011.

                          *     *     *

According to a report by Wall Street Journal Pro Bankruptcy, the
team winding down Lehman Brothers Holdings Inc. was slated to pay
out $3.8 billion to creditors in October 2016.  This was the 11th
distribution since Lehman failed in 2008, and brought the total
payout to more than $113.6 billion.  The bulk of the cash -- $83.6
billion -- has gone to pay so-called third-party, or non-Lehman
claims, WSJ related.

Bondholders were projected to receive about 21 cents on the dollar
when Lehman's bankruptcy plan went into effect in early 2012.
According to the WSJ report, Lehman said in a court filing that the
bondholders will have recovered more than 40 cents on the dollar
after the 11th distribution is completed; while general unsecured
creditors of Lehman's commodities unit will have received nearly 79
cents on the dollar following the latest distribution.


LEHMAN BROTHERS: Creditors to Get Additional $288 Million
---------------------------------------------------------
Patrick Fitzgerald, writing for The Wall Street Journal Pro
Bankruptcy, reported that James Giddens, the trustee in charge of
Lehman Brothers Inc., sought approval from the U.S. Bankruptcy
Court in the Southern District of New York to pay out another $228
million to the defunct brokerage's unsecured creditors.

According to the report, more than eight years after Lehman
collapsed, creditors of the defunct brokerage will have collected
about $9 billion.  The most recent payout is the fifth distribution
to creditors, the report pointed out.

The report related that the payments, if approved by Lehman's
bankruptcy judge, will bring the total amount returned to unsecured
creditors to roughly $9 billion, a recovery of about 39 cents on
the dollar.  Combined with $106 billion already distributed to
Lehman's customers, the total amount recovered in the brokerage's
liquidation will be around $115 billion, the report further
related.

"The potential to bring unsecured general creditor recovery to 39%
exceeds all expectations at the outset of this liquidation," Mr.
Giddens told the Journal.  Winding down the brokerage is
substantially complete, but among Mr. Giddens's remaining tasks is
resolving disputes over some $200 million in unresolved claims, the
report pointed out.

A hearing on the latest distribution is slated for March 21 in
U.S. Bankruptcy Court in New York, the Journal said.

                     About Lehman Brothers

Lehman Brothers Holdings Inc. -- http://www.lehman.com/-- was the

fourth largest investment bank in the United States.  For more
than 150 years, Lehman Brothers has been a leader in the global
financial markets by serving the financial needs of corporations,
governmental units, institutional clients and  individuals
worldwide.

Lehman Brothers filed for Chapter 11 bankruptcy Sept. 15, 2008
(Bankr. S.D.N.Y. Case No. 08-13555).  Lehman's bankruptcy petition
disclosed US$639 billion in assets and US$613 billion in debts,
effectively making the firm's bankruptcy filing the largest in
U.S. history.  Several other affiliates followed thereafter.

Affiliates Merit LLC, LB Somerset LLC and LB Preferred Somerset
LLC sought for bankruptcy protection in December 2009.

The Debtors' bankruptcy cases were assigned to Judge James M.
Peck.  Judge Shelley Chapman took over the case after Judge Peck
retired from the bench to join Morrison & Foerster.

A team of Weil, Gotshal & Manges, LLP, lawyers led by the late
Harvey R. Miller, Esq., serve as counsel to Lehman.  Epiq
Bankruptcy Solutions serves as claims and noticing agent.

Dennis F. Dunne, Esq., Evan Fleck, Esq., and Dennis O'Donnell,
Esq., at Milbank, Tweed, Hadley & McCloy LLP, in New York, served
as counsel to the Official Committee of Unsecured Creditors.
Houlihan Lokey Howard & Zukin Capital, Inc., served as the
Committee's  investment banker.

On Sept. 19, 2008, the Honorable Gerard E. Lynch of the U.S.
District Court for the Southern District of New York, entered an
order commencing liquidation of Lehman Brothers, Inc., pursuant to
the provisions of the Securities Investor Protection Act (Case No.
08-CIV-8119 (GEL)).  James W. Giddens was appointed as trustee for
the SIPA liquidation of the business of LBI.  He is represented by
Hughes Hubbard & Reed LLP.

The Bankruptcy Court approved Barclays Bank Plc's purchase of
Lehman Brothers' North American investment banking and capital
markets operations and supporting infrastructure for US$1.75
billion.  Nomura Holdings Inc., the largest brokerage house in
Japan, purchased LBHI's operations in Europe for US$2 plus the
retention of most of employees.  Nomura also bought Lehman's
operations in the Asia Pacific for US$225 million.

Lehman emerged from bankruptcy protection on March 6, 2012, more
than three years after it filed the largest bankruptcy in U.S.
history.  The Chapter 11 plan for the Lehman companies other than
the broker was confirmed in December 2011.

                          *     *     *

According to a report by Wall Street Journal Pro Bankruptcy, the
team winding down Lehman Brothers Holdings Inc. was slated to pay
out $3.8 billion to creditors in October 2016.  This was the 11th
distribution since Lehman failed in 2008, and brought the total
payout to more than $113.6 billion.  The bulk of the cash -- $83.6
billion -- has gone to pay so-called third-party, or non-Lehman
claims, WSJ related.

Bondholders were projected to receive about 21 cents on the dollar
when Lehman's bankruptcy plan went into effect in early 2012.
According to the WSJ report, Lehman said in a court filing that
the
bondholders will have recovered more than 40 cents on the dollar
after the 11th distribution is completed; while general unsecured
creditors of Lehman's commodities unit will have received nearly
79
cents on the dollar following the latest distribution.


LEHMAN BROTHERS: Fondo de Proteccion Suit Against Diaz Continues
----------------------------------------------------------------
Carolina Bolado, writing for Bankruptcy Law360, reports that U.S.
District Judge Marcia G. Cooke denied Diaz Reus & Targ LLP's
request to dismiss Fondo de Proteccion Social de los Depositos
Bancarios' lawsuit against the firm for improperly holding on to
$22 million in disbursements from the Lehman Brothers Holdings Inc.
bankruptcy and continuing to withhold $6.9 million in fees.  

Law360 relates that Judge Cooke ruled that FOGADE, Venezuela's
deposit insurance agency, had met its pleading requirements.  Diaz
Reus & Targ was FOGADE's former counsel, Law360 says.

                     About Lehman Brothers

Lehman Brothers Holdings Inc. -- http://www.lehman.com/-- was the

fourth largest investment bank in the United States.  For more
than 150 years, Lehman Brothers has been a leader in the global
financial markets by serving the financial needs of corporations,
governmental units, institutional clients and  individuals
worldwide.

Lehman Brothers filed for Chapter 11 bankruptcy Sept. 15, 2008
(Bankr. S.D.N.Y. Case No. 08-13555).  Lehman's bankruptcy petition
disclosed US$639 billion in assets and US$613 billion in debts,
effectively making the firm's bankruptcy filing the largest in
U.S. history.  Several other affiliates followed thereafter.

Affiliates Merit LLC, LB Somerset LLC and LB Preferred Somerset
LLC sought for bankruptcy protection in December 2009.

The Debtors' bankruptcy cases were assigned to Judge James M.
Peck.  Judge Shelley Chapman took over the case after Judge Peck
retired from the bench to join Morrison & Foerster.

A team of Weil, Gotshal & Manges, LLP, lawyers led by the late
Harvey R. Miller, Esq., serve as counsel to Lehman.  Epiq
Bankruptcy Solutions serves as claims and noticing agent.

Dennis F. Dunne, Esq., Evan Fleck, Esq., and Dennis O'Donnell,
Esq., at Milbank, Tweed, Hadley & McCloy LLP, in New York, served
as counsel to the Official Committee of Unsecured Creditors.
Houlihan Lokey Howard & Zukin Capital, Inc., served as the
Committee's  investment banker.

On Sept. 19, 2008, the Honorable Gerard E. Lynch of the U.S.
District Court for the Southern District of New York, entered an
order commencing liquidation of Lehman Brothers, Inc., pursuant to
the provisions of the Securities Investor Protection Act (Case No.
08-CIV-8119 (GEL)).  James W. Giddens was appointed as trustee for
the SIPA liquidation of the business of LBI.  He is represented by
Hughes Hubbard & Reed LLP.

The Bankruptcy Court approved Barclays Bank Plc's purchase of
Lehman Brothers' North American investment banking and capital
markets operations and supporting infrastructure for US$1.75
billion.  Nomura Holdings Inc., the largest brokerage house in
Japan, purchased LBHI's operations in Europe for US$2 plus the
retention of most of employees.  Nomura also bought Lehman's
operations in the Asia Pacific for US$225 million.

Lehman emerged from bankruptcy protection on March 6, 2012, more
than three years after it filed the largest bankruptcy in U.S.
history.  The Chapter 11 plan for the Lehman companies other than
the broker was confirmed in December 2011.

                          *     *     *

According to a report by Wall Street Journal Pro Bankruptcy, the
team winding down Lehman Brothers Holdings Inc. was slated to pay
out $3.8 billion to creditors in October 2016.  This was the 11th
distribution since Lehman failed in 2008, and brought the total
payout to more than $113.6 billion.  The bulk of the cash -- $83.6
billion -- has gone to pay so-called third-party, or non-Lehman
claims, WSJ related.

Bondholders were projected to receive about 21 cents on the dollar
when Lehman's bankruptcy plan went into effect in early 2012.
According to the WSJ report, Lehman said in a court filing that the
bondholders will have recovered more than 40 cents on the dollar
after the 11th distribution is completed; while general unsecured
creditors of Lehman's commodities unit will have received nearly 79
cents on the dollar following the latest distribution.


LEVEL ACRES: Case Summary & 13 Unsecured Creditors
--------------------------------------------------
Debtor: Level Acres, LLC
        2129 Stannards Rd.
        Wellsville, NY 14895

Case No.: 17-10333

Nature of Business: Single Asset Real Estate

Chapter 11 Petition Date: February 24, 2017

Court: United States Bankruptcy Court
       Western District of New York (Buffalo)

Judge: Hon. Carl L. Bucki

Debtor's Counsel: Mike Krueger, Esq.
                  DIBBLE & MILLER, P.C.
                  55 Canterbury Rd.
                  Rochester, NY 14607
                  Tel: 585-271-1500
                  Fax: 585-271-0118
                  E-mail: mjk@dibblelaw.com

Total Assets: $939,000

Total Liabilities: $2.67 million

The petition was signed by Kevin P. Clark, sole member.

A copy of the Debtor's list of 13 unsecured creditors is available
for free at http://bankrupt.com/misc/nywb17-10333.pdf


LILY ROBOTICS: Case Summary & 29 Largest Unsecured Creditors
------------------------------------------------------------
Debtor: Lily Robotics, Inc.
        374 Harriet Street
        San Francisco, CA 94103

Case No.: 17-10426

Type of Business: Based Atherton, California, Lily Robotics
                  develops a throw-and-shoot camera that captures
                  pictures and videos from the skies.  Its camera
                  flies and uses GPS and computer vision to follow
                  user's adventure activities.  The company sells
                  its products through its Website
                  internationally.

Chapter 11 Petition Date: February 27, 2017

Court: United States Bankruptcy Court
       District of Delaware (Delaware)

Judge: Hon. Kevin J. Carey

Debtor's Counsel: Robert J. Dehney, Esq.
                  Andrew R. Remming, Esq.
                  Marcy J. McLaughlin, Esq.
                  MORRIS, NICHOLS, ARSHT & TUNNELL LLP  
                  1201 North Market Street, 16th Floor
                  P.O. Box 1347
                  Wilmington, DE   19899-1347
                  Tel: 302.658.9200
                  Fax: 302.658.3989
                  E-mail: rdehney@mnat.com
                         aremming@mnat.com
                         mmclaughlin@mnat.com

                     - and -

                  Laura Metzger, Esq.
                  Jennifer Asher, Esq.
                  ORRICK HERRINGTON & SUTCLIFFE LLP
                  51 West 52nd Street
                  New York, NY 10019
                  Tel: 212.506.5000
                  E-mail: lmetzger@orrick.com
                         jasher@orrick.com

                     - and -

                  Douglas S. Mintz, Esq.
                  ORRICK HERRINGTON & SUTCLIFFE LLP
                  Columbia Center
                  1152 15th Street, N.W.
                  Washington, D.C. 20005-1706
                  Tel: 202.339.8400
                  Fax: 202.339.8500
                  E-mail: dmintz@orrick.com

Debtor's
Restructuring
Advisor:          GOLDIN ASSOCIATES, LLC

Debtor's
Claims &
Noticing
Agent:            PRIME CLERK LLC
                  www.primeclerk.com
                  830 Third Avenue, 9th Floor
                  New York, NY 10022
                  Tel: 212-257-5450

Total Assets: $32.99 million as of Dec. 31, 2016

Total Liabilities: $37.53 million as of Dec. 31, 2016

The petition was signed by Spencer L. Wells, director.

Debtor's List of 29 Largest Unsecured Creditors:

   Entity                          Nature of Claim   Claim Amount
   ------                          ---------------   ------------
Weifang GoerTek Electronics         Contract-         $12,040,731
Co., Ltd.                           Manufacture
Gaoxin 2 Road
Free Trade Zone
Weifang Shandong CN
Kevin He
Email: kevin.he@goertekusa.com

Fenwick & West LLP                     Service            $83,922
Silicon Valley Center
801 California Street
Mountain View, CA 94041
Sam Angus
Email: sangus@fenwick.com
Email: accountsreceivable@fenwick.com

Tooploox Sp. Zo.o.                     Service            $60,780
Email: pawel@tooploox.com

Fifth Historic Properties LLC           Lease             $53,356
Email: jill@martinbuilding.com

True Capital Partner, LLC              Service            $53,333
Email: finance@thetruecapital.com

Teknique 5D                            Service            $42,850
Email: ben@teknique.com

Dina Zaarour                           Service            $32,000
Email: dina.zaarour@gmail.com

Stratasys, Inc.                         Lease             $29,372
Email: accounts.receivable@stratasys.com

Thinkstep                              Service            $27,975
Email: support@ec4p.com

Renascent Associates LLC               Service            $18,750
Email: alan.pitney@renascentassociates.com

Bring It By Macro LLC                  Service            $16,725
Email: rodrigo.cabanas@bringitps.com
Email: accounting@bringitps.com

Perkins Coie                           Service            $12,191
Email: eandrei@perkinscoie.com

Marcum LLP                             Service            $11,992
Email: michele.hodge@marcumllp.com

Premier Staffing, Inc.                 Service             $4,891
Email: ar@pstaffing.com

eShares, Inc                           Website             $4,000
Email: kristina.nguyen@esharesinc.com

Mann Consulting, LLC                   Service             $3,942
Email: invoices@mann.com

Managed by Q San Francisco             Service             $3,344
Email: clesko@managedbyq.com

Chubb & Son                            Service             $3,029

Linkedin                               Contract            $2,250
Email: ar-receipts@linkedin.com

Eden Technology Services, Inc.         Service             $1,393
Email: lexi@eden.io

Quanta Laboratories                    Service             $1,350
Email: quantalabs@quantalabs.com

B8ta, Inc.                             Service             $1,200
Email: accounting@b8ta.com

Daiohs USA Inc                         Contract              $948
Email: oakach@firstchoiceservices.com

Interworld Translations Inc.           Service               $581
Email: Ichehov@iwtservices.com

Brad Bowery                            Service               $375
Email: bradbowery@gmail.com

Thomsen And Burke LLP                  Service               $292
Email: terri@t-b.com

Akin Gump Strauss Hauer & Feld, LLP    Service               $114
Email: smcnish@akingump.com

McMaster-Carr Supply Company           Purchase               $18
Email: check.input@mcmaster.com

District Attorney                     Litigation               $0
City and County of San Francisco


LIMITED STORES: $26.75M Sale of IP Assets to Sycamore Unit OK'd
---------------------------------------------------------------
The Hon. Kevin J. Carey of the U.S. Bankruptcy Court for the
District of Delaware approved on Feb. 23, 2017, Limited Stores
Company, LLC, et al.'s asset purchase agreement with Limited IP
Acquisition, LLC, authorizing the sale of the sale of their
intellectual property.

The Debtors designated Sunrise Brands LLC as the back-up bidder.
The back-up bid and back-up agreement will remain open until the
closing of the sale to the Purchaser under the agreement, or March
9, 2017.

A copy of the court order is available at:

            http://bankrupt.com/misc/deb17-10124-276.pdf

Vince Sullivan, writing for Bankruptcy Law360, reports that the
Sycamore Partners unit will pay $26.75 million in cash for the
assets.

                      About Limited Stores

Limited Stores Company, LLC, et al., comprise a multi-channel
retailing company operating under the name "The Limited," which
specializes in the sale of women's clothing.  Founded in 1963 as a
single store, Limited Stores operated at its peak 750 retail brick
and mortar store locations in the United States as well as an
e-commerce channel http://www.TheLimited.com/.

Limited Stores Company, LLC, Limited Stores, LLC, and The Limited
Stores GC, LLC, filed voluntary petitions under Chapter 11 of the
Bankruptcy Code in the U.S. Bankruptcy Court for the  District of
Delaware (Bankr. D. Del. Lead Case No. 17-10124) on Jan. 17, 2017,
after closing all 250 remaining stores.  The petitions were signed
by Timothy D. Boates, authorized signatory.

Limited Stores Company estimated $10 million to $50 million in
assets and $100 million to $500 million in liabilities.

The Debtors tapped Klehr Harrison Harvey Branzburg LLP as counsel.

Donlin, Recano & Company, Inc., serves as the Debtors' notice,
claims and balloting agent.

Andrew Vara, acting U.S. trustee for Region 3, on Jan. 24, 2017,
appointed five creditors to serve on an Official Committee of
Unsecured Creditors.  The Committee tapped Kelley Drye & Warren
LLP, and Pachulski Stang Ziehl & Jones LLP, as its attorneys.


LINN ENERGY: Completes Restructuring, Exits Chapter 11
------------------------------------------------------
LINN Energy, Inc., the reorganized successor to LINN Energy, LLC,
and its affiliated entities, on Feb. 28, 2017, disclosed that it
has emerged from Chapter 11 restructuring.  Pursuant to the Plan of
Reorganization, LINN and Berry Petroleum ("Berry") will operate as
stand-alone companies.

Through the restructuring, LINN has reduced debt by more than $5
billion to total debt of $1.012 billion and pro forma net debt of
$962 million, resulting in $730 million of liquidity.  The new
structure significantly enhances financial flexibility and
positions the Company for long-term success.

Mark E. Ellis, President and Chief Executive Officer, said,
"[Tues]day marks a new beginning for our company and all of our
stakeholders.  With significantly less debt and an infusion of new
equity capital, we have ample liquidity to accelerate growth in our
core areas, including our SCOOP/STACK/Merge position.  We are
confident that our diverse and high-quality asset base will serve
as a foundation for our future success."

The following are highlights of LINN's asset position:

   -- ~185,000 net acres in SCOOP/STACK/Merge - a premier onshore
play

   -- Including ~49,000 net acres in the highly prospective Merge,
where LINN holds a dominant position and operates a 60 MMcf/d
refrigeration plant with expansion capability

   -- 2.6+ million net acres (98%+ HBP) with exposure to emerging
stacked pay opportunities in Mid-Continent, Rockies, East Texas and
North Louisiana

   -- Predictable, low-cost base production which averaged 828
MMcfe/d in 2016 (13% decline rate)

   -- Proved Developed PV-10 of ~$3.1 billion at February 15, 2017
strip pricing

A supplemental presentation has been posted to the Company's
website, which includes an overview of the emerging company, an
update on the capital structure, operational highlights of LINN's
asset areas and additional information on the asset sales.  

Effective Feb. 28, the Company's Board of Directors are comprised
of members of management and representatives of the Company's
largest shareholders.  The new directors are:

   -- Mark E. Ellis, President and Chief Executive Officer at the
Company
   -- David B. Rottino, Executive Vice President and Chief
Financial Officer at the Company
   -- Matthew Bonanno, Partner at York Capital Management
   -- Phil Brown, Partner at P. Schoenfeld Asset Management
   -- Evan Lederman, Managing Director and Partner at Fir Tree
Partners
   -- Kevin Mahony, Principal at Centerbridge Partners
   -- Andy Taylor, member of the investment team of Elliot
Management Corporation

The Board of Directors has engaged Jefferies LLC as lead advisor
and has initiated a process to explore and evaluate potential
strategic alternatives, which includes marketing five non-core
assets.  The Company has retained the following advisors to work
alongside Jefferies LLC in the sales process: RBC Richardson Barr
will market the Williston and Permian packages, CIBC Griffis &
Small will market the South Texas and Salt Creek packages, and
Tudor Pickering, Holt & Co. will market California.  The proceeds
received from any future asset sales are expected to further
de-lever the Company's balance sheet and allow for flexibility to
focus resources on the remaining growth assets.

The new Board of Directors collectively echoed Mr. Ellis' comments
and said, "We are very excited for the prospects of LINN as we
transition from an upstream MLP to a growth-oriented E&P company.
We also believe the asset sales will allow us to re-deploy capital
to focus on significant growth opportunities and position LINN to
maximize returns for shareholders."

"We thank our outstanding employees for their unwavering commitment
throughout the restructuring process," said Mark E. Ellis.
"Because of their efforts, we were able to achieve strong
operational results and reduce costs while working safely.  Looking
ahead, our employees are critical in creating future value and
driving the Company's success."

Kirkland & Ellis LLP served as legal adviser to LINN, Lazard served
as financial adviser and AlixPartners served as restructuring
adviser.  Jefferies LLC is serving as lead financial advisor in the
strategic review process.

                     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.


LIZA HAZAN: Creditor Seeks Chap. 11 Conversion, Trustee Appointment
-------------------------------------------------------------------
The Board of Managers of Spencer Condominium asks the U.S.
Bankruptcy Court for the Southern District of Florida to enter an
order converting Liza Hazan's Chapter 11 case to one under Chapter
7 of the Bankruptcy, or, in the alternative, direct the appointment
of a Chapter 11 Trustee.

According to the Board of Managers, the need for conversion or the
appointment of a Chapter 11 Trustee is exemplified by the numerous,
material misstatements in the Debtor's petition and schedules and
the Debtor's fraudulent concealment of her interest in a valuable
condominium in New York City's Upper East Side, Lenox Hill
Neighborhood.  The creditor asserts that the various misstatements
and concealment clearly demonstrate that the Debtor cannot be
trusted to faithfully carry out the statutory duties of a Chapter
11 Debtor in possession.

Moreover, the creditor adds, based upon the prepetition conduct of
the Debtor, the Debtor's sale of assets postpetition and the
handling of cash in the Debtor-in-Possession Bank Accounts, the
failure to accurately schedule assets in her bankruptcy petition,
and other continuous attempts to avoid, evade, and defraud the
Board and others, warrants a mandatory appointment of a Trustee.

The Creditor is represented by:

         Robert C. Furr, Esq.
         FURR AND COHEN, P.A.
         2255 Glades Road, Suite 337W
         Boca Raton, FL 33431
         Tel.: (561) 395-0500
         Fax: (561)338-7532
         E-mail: rfurr@furrcohen.com

Liza Hazan filed for Chapter 11 bankruptcy protection (Bankr. S.D.
Fla. Case No. 16-10389) on Jan. 11, 2016, and is represented by
Joel M. Aresty, Esq., in North Miami, Florida.


LMCHH PCP: Committee Taps Heller Draper as Legal Counsel
--------------------------------------------------------
The official committee of unsecured creditors of LMCHH PCP LLC and
Louisiana Medical Center and Heart Hospital LLC has filed an
application seeking court approval to hire legal counsel.

In its application, the committee asked the U.S. Bankruptcy Court
for the Eastern District of Louisiana for approval to hire Heller,
Draper, Patrick, Horn & Dabney, LLC to assist in its consultations
with the Debtors, give advice regarding any potential sale of
assets, review any proposed Chapter 11 plan, and provide other
services.

The hourly rates charged by the firm for its members range from
$350 to $475.  Associates and paralegals charge $225 per hour and
$120 per hour, respectively.

Tristan Manthey, Esq., disclosed in a court filing that all
members, associates, and counsel practicing in his firm are
"disinterested persons" as defined in section 101(14) of the
Bankruptcy Code.

The firm can be reached through:

     Tristan E. Manthey, Esq.
     Heller, Draper, Patrick, Horn & Dabney, LLC
     650 Poydras Street, Suite 2500
     New Orleans, LA 70130
     Phone: (504) 299-3300

                         About LMCHH PCP

LMCHH PCP LLC and Louisiana Medical Center and Heart Hospital, LLC
currently operate a state-of-the-art 213,000 square facility and
two medical office buildings.

Originally licensed for 58 beds in 2003, as a result of its
physical and strategic expansion in 2007, the Hospital is now a
full-service 132-bed acute care hospital with seven operating
rooms, three catheterization laboratories, and a 24-hour heart
attack intervention center dedicated to providing advanced medical
treatment and compassionate care to patients and families
throughout the North Shore area.

LMCHH PCP and LHH sought bankruptcy protection in the U.S.
Bankruptcy Court for the District of Delaware on Jan. 30, 2017.
The Debtors are currently seeking joint administration of their
Chapter 11 cases under the main case, 17-10201.  The cases have
been assigned to the Hon. Judge Laurie Selber Silverstein.

LMCHH estimated assets in the range of $1 million to $10 million
and liabilities of up to $500 million.  LHH estimated assets in the
range of $10 million to $50 million and liabilities of $100 million
to $500 million.

The Debtors have hired Young, Conaway, Stargatt & Taylor LLP as
local counsel, Alston & Bird LLP as legal counsel, Solic Capital
Advisors, LLC, as financial advisor and The Garden City Group,
Inc., as claims and noticing agent.


LSB INDUSTRIES: Jack E. Golsen et al. Have 10.2% Stake
------------------------------------------------------
In an amended Schedule 13D filed with the Securities and Exchange
Commission, disclosed that as of Feb. 22, 2017, they may be deemed
to beneficially own an aggregate of 2,933,582 shares of Common
Stock, representing approximately 10.2% of the issued and
outstanding shares of LSB Industries, Inc.'s common stock.  

The table sets forth the following information relating to the
shares of Common Stock beneficially owned by each Reporting Person
of the reporting group as of the filing date of the amendment:

  Reporting                       Aggregate
  Person                           Amount         Percent
  ---------                       ---------       -------
Jack E. Golsen                    2,581,888         9.0%
Barry H. Golsen                   2,933,582        10.2%
Golsen Family, L.L.C.             148,725           0.5%
SBL, L.L.C.                       2,413,287         8.4%
Golsen Petroleum Corporation      417,288           1.5%

The percentage was calculated based on 28,828,206 shares of Common
Stock outstanding, which consists of (i) 27,911,540 shares of
Common Stock outstanding as of October 28, 2016, as reported in LSB
Industries, Inc.'s Quarterly Report on Form 10-Q for the quarter
ended Sept. 30, 2016, (ii) 666,666 shares of Common Stock issuable
upon conversion of Series B Preferred Stock deemed to be
beneficially owned by the Reporting Person, and (iii) 250,000
shares of Common Stock issuable upon conversion of Series D
Preferred Stock deemed to be beneficially owned by the Reporting
Person.

The amendment was filed to report the change in beneficial
ownership of the Common Stock of J. Golsen and B. Golsen, as a
result of (a) the resignation of J. Golsen as sole trustee of
certain trusts created for the benefit of certain of J. Golsen's
children, grandchildren and great-grandchildren, and (b) the
appointment of B. Golsen as successor trustee of those trusts.

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

                    https://is.gd/rOj8c1

                 About LSB Industries, Inc.

Oklahoma City-based LSB Industries, Inc. (NYSE:LXU) and its
subsidiaries are involved in manufacturing and marketing
operations.  LSB is primarily engaged in the manufacture and sale
of chemical products and the manufacture and sale of water source
and geothermal heat pumps and air handling products.

LSB reported a net loss attributable to common stockholders of
$38.03 million in 2015, net income attributable to common
stockholders of $19.33 million in 2014 and net income attributable
to common stockholders of $54.66 million in 2013.

As of Sept. 30, 2016, LSB had $1.38 billion in total assets,
$727.61 million in total liabilities and $137.98 million in
redeemable preferred stock, and $520 million in total stockholders'
equity.

                         *    *    *

In October 2016, S&P Global Ratings lowered its rating on LSB
Industries to 'CCC' from 'B-'.  "Despite using the climate control
business sale proceeds to repay some debt, the company's metrics
have weakened due to plant operational issues and a depressed
pricing environment, which have led to depressed EBITDA
expectations," said S&P Global Ratings credit analyst Allison
Schroeder.

In November 2016, Moody's Investors Service downgraded LSB's
corporate family rating (CFR) to 'Caa1' from 'B3', its probability
of default rating to 'Caa1-PD' from 'B3-PD', and the $375 million
guaranteed senior secured notes to 'Caa1' from 'B3'.  LSB's Caa1
CFR rating reflects Moody's expectations that the combined
uncertainty over operational reliability and the compressed
margins, resulting from the low nitrogen fertilizer
pricing environment, could result in continued weak financial
metrics for a protracted period.


MARBLES HOLDINGS: Committee Taps Berkeley as Financial Advisor
--------------------------------------------------------------
The official committee of unsecured creditors of Marbles Holdings,
LLC seeks approval from the U.S. Bankruptcy Court for the Northern
District of Illinois to hire a financial advisor.

The committee proposes to hire Berkeley Research Group, LLC to
monitor the ongoing performance of Marbles Holdings and its
affiliates on a weekly basis, review their weekly performance
against budget, and provide general financial advice related to any
restructuring activities.

The rates charged by the firm range from $295 per hour for
associates to $975 per hour for managing directors.  The hourly
rates for support staff range from $125 to $250.

The financial advisors expected to have primary responsibility for
representing the committee and their hourly rates are:

     Robert Duffy            $975
     Stephen Coulombe        $975
     Rudolph Morando Jr.     $735

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

The firm can be reached through:

     Rudolph J. Morando Jr.
     Berkeley Research Group, LLC
     181 W. Madison
     Chicago, IL 60602
     Phone: 312-329-7900

                     About Marbles Holdings

Marbles LLC is a privately-held company engaged in the development,
curating, wholesaling and retail sale of unique brain-stimulating
games, puzzles, software, and books.  Its principal place of
business and principal office are located at 1918 North Mendell
Street, Chicago, Illinois.

Marbles Holdings, LLC, along with Marbles LLC and Marbles Brain
Workshop, LLC, sought Chapter 11 bankruptcy protection (Bankr. N.D.
Ill. Lead Case No. 17-03309) on Feb. 3, 2017.  

Adelman & Gettleman LTD. serves as bankruptcy counsel, while Garden
City Group LLC acts as noticing, claims and solicitation agent. The
Debtors have also tapped Hilco IP Services LLC dba Hilco Streambank
to help monetize its intellectual property, and Gordon Brothers
Retail Partners, LLC in connection with the store closing sales at
its retail stores.

At the time of the filing, Marbles Holdings and Marbles LLC
estimated assets of $1 million to $10 million and liabilities of
$10 to $50 million.  Marbles Brain Workshop estimated assets of
less than $500,000 and liabilities of less than $50,000.

On February 13, 2017, the Office of the U.S. Trustee appointed five
creditors to serve in the official committee of unsecured
creditors.  Pachulski Stang Ziehl & Jones LLP has been tapped as
main counsel to the Committee and Freeborn & Peters LLP serves as
local counsel.   Berkeley Research Group, LLC acts as financial
advisor to the Committee.

No trustee or examiner has been appointed.


MARBLES HOLDINGS: Committee Taps Freeborn as Local Counsel
----------------------------------------------------------
The official committee of unsecured creditors of Marbles Holdings,
LLC seeks approval from the U.S. Bankruptcy Court for the Northern
District of Illinois to hire Freeborn & Peters LLP.

The firm will serve as the committee's local counsel in connection
with the Chapter 11 cases of Marbles Holdings and its affiliates.

Freeborn will work collaboratively with Pachulski Stang Ziehl &
Jones LLP, the firm tapped by the committee to be its lead counsel,
to ensure there is no duplication of efforts, according to court
filings.  

The rates charged by the firm range from $310 per hour for new
associates to $815 per hour for senior partners.  The rates for
paraprofessionals range from $235 per hour to $280 per hour.

The attorneys presently expected to have primary responsibility for
representing the committee and their hourly rates are:

     Shelly DeRousse       $510
     Devon Eggert          $435
     Elizabeth Janczak     $350
     Trinitee Green        $320

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

The firm can be reached through:

     Shelly A. DeRousse, Esq.
     Devon J. Eggert, Esq.
     Freeborn & Peters LLP
     311 South Wacker Drive, Suite 3000
     Chicago, IL 60606
     Tel: 312-360-6000
     Fax: 312-360-6520
     Email: sderousse@freeborn.com
     Email: deggert@freeborn.com

                     About Marbles Holdings

Marbles LLC is a privately-held company engaged in the development,
curating, wholesaling and retail sale of unique brain-stimulating
games, puzzles, software, and books.  Its principal place of
business and principal office are located at 1918 North Mendell
Street, Chicago, Illinois.

Marbles Holdings, LLC, along with Marbles LLC and Marbles Brain
Workshop, LLC, sought Chapter 11 bankruptcy protection (Bankr. N.D.
Ill. Lead Case No. 17-03309) on Feb. 3, 2017.  

Adelman & Gettleman LTD. serves as bankruptcy counsel, while Garden
City Group LLC acts as noticing, claims and solicitation agent. The
Debtors have also tapped Hilco IP Services LLC dba Hilco Streambank
to help monetize its intellectual property, and Gordon Brothers
Retail Partners, LLC in connection with the store closing sales at
its retail stores.

At the time of the filing, Marbles Holdings and Marbles LLC
estimated assets of $1 million to $10 million and liabilities of
$10 to $50 million.  Marbles Brain Workshop estimated assets of
less than $500,000 and liabilities of less than $50,000.

On February 13, 2017, the Office of the U.S. Trustee appointed five
creditors to serve in the official committee of unsecured
creditors.  Pachulski Stang Ziehl & Jones LLP has been tapped as
main counsel to the Committee and Freeborn & Peters LLP serves as
local counsel.   Berkeley Research Group, LLC acts as financial
advisor to the Committee.

No trustee or examiner has been appointed.


MARBLES HOLDINGS: Committee Taps Pachulski as Lead Counsel
----------------------------------------------------------
The official committee of unsecured creditors of Marbles Holdings,
LLC seeks approval from the U.S. Bankruptcy Court for the Northern
District of Illinois to hire Pachulski Stang Ziehl & Jones LLP.

Pachulski will serve as the committee's lead counsel in connection
with the Chapter 11 cases of Marbles Holdings and its affiliates.


The firm will represent the committee in its consultations with the
Debtors, analyze their assets and liabilities, participate in the
preparation of a bankruptcy plan, and provide other legal
services.

The hourly rates charged by the firm's professionals are:

     Partners      $625 - $1,245
     Of Counsel      $575 - $995
     Associates      $405 - $595
     Paralegals      $325 - $350

Pachulski and its attorneys are "disinterested persons" as defined
in section 101(14) of the Bankruptcy Code, according to court
filings.

The firm can be reached through:

     Bradford S. Sandler, Esq.
     Maxim B. Litvak, Esq.
     Shirley S. Cho, Esq.
     Pachulski Stang Ziehl & Jones LLP
     919 N. Market Street, 17th Floor
     Wilmington, DE 19801
     Tel No: (302)652-4100
     Fax No: (302)652-4400
     E-mail: bsandler@pszjlaw.com
             mlitvak@pszjlaw.com
             scho@pszjlaw.com

                     About Marbles Holdings

Marbles LLC is a privately-held company engaged in the development,
curating, wholesaling and retail sale of unique brain-stimulating
games, puzzles, software, and books.  Its principal place of
business and principal office are located at 1918 North Mendell
Street, Chicago, Illinois.

Marbles Holdings, LLC, along with Marbles LLC and Marbles Brain
Workshop, LLC, sought Chapter 11 bankruptcy protection (Bankr. N.D.
Ill. Lead Case No. 17-03309) on Feb. 3, 2017.  

Adelman & Gettleman LTD. serves as bankruptcy counsel, while Garden
City Group LLC acts as noticing, claims and solicitation agent. The
Debtors have also tapped Hilco IP Services LLC dba Hilco Streambank
to help monetize its intellectual property, and Gordon Brothers
Retail Partners, LLC in connection with the store closing sales at
its retail stores.

At the time of the filing, Marbles Holdings and Marbles LLC
estimated assets of $1 million to $10 million and liabilities of
$10 to $50 million.  Marbles Brain Workshop estimated assets of
less than $500,000 and liabilities of less than $50,000.

On February 13, 2017, the Office of the U.S. Trustee appointed five
creditors to serve in the official committee of unsecured
creditors.  Pachulski Stang Ziehl & Jones LLP has been tapped as
main counsel to the Committee and Freeborn & Peters LLP serves as
local counsel.   Berkeley Research Group, LLC acts as financial
advisor to the Committee.

No trustee or examiner has been appointed.


MARINA BIOTECH: Appoints Chief Scientific Officer and COO
---------------------------------------------------------
Marina Biotech, Inc. announced the appointment of Larn Hwang, Ph.D.
as chief scientific officer and Mihir Munsif as chief operating
officer.

"We are thrilled to have Larn and Mihir join the Marina Biotech
team," stated Joseph W. Ramelli, CEO of Marina Biotech.  "Each of
them brings a track record of success and important skill sets that
I believe will prove invaluable for Marina at this important
inflection point in the company's history.  Larn will bring with
her extensive experience in oligo-therapeutics and Mihir will lead
the manufacturing of our drug products."

Dr. Hwang will receive an annual base salary of $85,000, and she
also will be entitled to receive a discretionary bonus as
determined by the Board in its sole discretion.  The Company
granted to Dr. Hwang options to purchase up to 60,000 shares of the
Company's common stock under the Company's 2014 Long-Term Incentive
Plan at an exercise price of $0.18 per share, with all of those
options to vest on the one year anniversary of the Hwang Letter.

Mr. Munsif will receive an annual base salary of $65,000, and he
also will be entitled to receive a discretionary bonus as
determined by the Board in its sole discretion.  In connection with
the Munsif Letter, the Company granted to Mr. Munsif options to
purchase up to 60,000 shares of the Company's common stock under
the 2014 Plan at an exercise price of $0.18 per share, with all of
those options to vest on the one year anniversary of the date of
the Munsif Letter.

Dr. Hwang has served as the chief executive officer of Oncotelic,
Inc. since October 2015 and as the chief scientific officer of
Autotelic Inc. since October 2013.  Dr. Hwang is a veteran in the
drug development industry, with broad expertise in drug discovery
and biomarker development, as well as clinical and regulatory
operations.  Dr. Hwang was a founder of IgDraSol, Inc. (which
merged with Sorrento Therapeutics in 2013, where she later served
as VP of Regulatory and Clinical Operations from September 2013 to
May 2014) and served as its chief operating officer from April 2012
to August 2013, and she was a founder of Biomiga Diagnostics and
served as its chief operating officer from 2011 to August 2013.
Prior to that, she served as Head of Cell Biology at Abraxis
BioScience from November 2005 to June 2011 and as Senior Principal
Scientist at Celgene Corporation from February 2011 to June 2011.
Dr. Hwang made significant contributions to the field of antisense
and miRNA with several patents applications filed on her work.  Dr.
Hwang has also held positions with Johnson & Johnson and ABI.  Dr.
Hwang received a Ph.D. in Molecular Microbiology from The
University of Texas Southwestern Medical Center at Dallas.

Mr. Munsif has served as the senior vice president at Autotelic
Inc. since November 2016, as the senior vice president of Portfolio
Management of LipoMedics, Inc. since June 2016 and as the senior
vice president of Portfolio Management of Oncotelic, Inc. since
October 2015.  Previously he served as the chief executive officer
of IthenaPharma Inc. from August 2016 until its merger with Marina
Biotech in 2016, and as the chief operating officer of IthenaPharma
Inc. from September 2014 until August 2016.  Prior to that, he
served as Product Life Cycle Management and Supply Chain Consulting
at Accenture from March 2013 until September 2014 and as Product
Life Cycle Management and Supply Chain Management Operations at
Herbalife from April 2009 until March 2013.  Mr. Munsif received a
M.S. in Industrial Engineering from the University of Oklahoma and
a B.S. in Chemical Engineering from Manipal Institute of
Technology.

                      About Marina Biotech

Marina Biotech, Inc., headquartered in Bothell, Washington, is a
biotechnology company focused on the discovery, development and
commercialization of nucleic acid-based therapies utilizing gene
silencing approaches such as RNA interference ("RNAi") and
blocking messenger RNA ("mRNA") translation.  The Company's goal
is to improve human health through the development, either through
its own efforts or those of its collaboration partners and
licensees, of these nucleic acid-based therapeutics as well as the
delivery technologies that together provide superior treatment
options for patients.  The Company has multiple proprietary
technologies integrated into a broad nucleic acid-based drug
discovery platform, with the capability to deliver novel nucleic
acid-based therapeutics via systemic, local and oral
administration to target a wide range of human diseases, based on
the unique characteristics of the cells and organs involved in
each disease.

On June 1, 2012, the Company announced that, due to its financial
condition, it had implemented a furlough of approximately 90% of
its employees and ceased substantially all day-to-day operations.
Since that time substantially all of the furloughed employees have
been terminated.  As of Sept. 30, 2012, the Company had
approximately 11 remaining employees, including all of its
executive officers, all of whom are either furloughed or working
on reduced salary.  As a result, since June 1, 2012, its internal
research and development efforts have been minimal, pending
receipt of adequate funding.

Marina Biotech reported net income applicable to common
stockholders of $2.64 million for the year ended Dec. 31, 2015,
compared to a net loss applicable to common stockholders of $12.47
million for the year ended Dec. 31, 2014.

As of Sept. 30, 2016, Marina Biotech had $6.88 million in total
assets, $5.47 million in total liabilities and $1.40 million in
total stockholders' equity.

Wolf & Company, P.C., in Boston, Massachusetts, issued a "going
concern" qualification on the consolidated financial statements
for the year ended Dec. 31, 2015, citing that the Company has
suffered recurring losses from operations, has a significant
accumulated deficit and does not have sufficient capital to fund
its operations.  This raises substantial doubt about the Company's
ability to continue as a going concern.


MARINA BIOTECH: Closes Offering of $1.78 Million Common Shares
--------------------------------------------------------------
Marina Biotech, Inc., has entered into two privately negotiated
transactions pursuant to which it will issue an aggregate of
approximately 6.15 million shares of its common stock for an
effective price per share of $0.29.  As a result of those
transactions, the Company will reduce the aggregate amount of its
outstanding payables to its service providers by approximately
$1.78 million.

"This is a very positive development for Marina Biotech," stated
its CEO, Joseph W. Ramelli.  "We completed this de facto financing
at a 93% premium to yesterday's closing stock price of $0.15, and
without any warrant coverage, even though the shares are restricted
and thus cannot be sold for at least 6 months.  I would like to
thank these two service providers for believing in the strategic
vision of the company and for wanting to take the ride along with
us as shareholders."

                     About Marina Biotech

Marina Biotech, Inc., headquartered in Bothell, Washington, is a
biotechnology company focused on the discovery, development and
commercialization of nucleic acid-based therapies utilizing gene
silencing approaches such as RNA interference ("RNAi") and
blocking messenger RNA ("mRNA") translation.  The Company's goal
is to improve human health through the development, either through
its own efforts or those of its collaboration partners and
licensees, of these nucleic acid-based therapeutics as well as the
delivery technologies that together provide superior treatment
options for patients.  The Company has multiple proprietary
technologies integrated into a broad nucleic acid-based drug
discovery platform, with the capability to deliver novel nucleic
acid-based therapeutics via systemic, local and oral
administration to target a wide range of human diseases, based on
the unique characteristics of the cells and organs involved in
each disease.

On June 1, 2012, the Company announced that, due to its financial
condition, it had implemented a furlough of approximately 90% of
its employees and ceased substantially all day-to-day operations.
Since that time substantially all of the furloughed employees have
been terminated.  As of Sept. 30, 2012, the Company had
approximately 11 remaining employees, including all of its
executive officers, all of whom are either furloughed or working
on reduced salary.  As a result, since June 1, 2012, its internal
research and development efforts have been minimal, pending
receipt of adequate funding.

Marina Biotech reported net income applicable to common
stockholders of $2.64 million for the year ended Dec. 31, 2015,
compared to a net loss applicable to common stockholders of $12.47
million for the year ended Dec. 31, 2014.

As of Sept. 30, 2016, Marina Biotech had $6.88 million in total
assets, $5.47 million in total liabilities and $1.40 million in
total stockholders' equity.

Wolf & Company, P.C., in Boston, Massachusetts, issued a "going
concern" qualification on the consolidated financial statements
for the year ended Dec. 31, 2015, citing that the Company has
suffered recurring losses from operations, has a significant
accumulated deficit and does not have sufficient capital to fund
its operations.  This raises substantial doubt about the Company's
ability to continue as a going concern.


MARINA BIOTECH: Could Receive $90M Under SMARTICLES Licensing Pact
------------------------------------------------------------------
Marina Biotech, Inc. has entered into a license agreement with
LipoMedics, Inc. regarding the Company's SMARTICLES platform for
the delivery of nanoparticles including small molecules, peptides,
proteins and biologics.  This represents the first time that the
Company's SMARTICLES technologies have been licensed in connection
with nanoparticles delivering small molecules, peptides, proteins
and biologics.  Under terms of the agreement, Marina could receive
up to $90 million in success based milestones.

In addition, if LipoMedics determines to pursue further development
and commercialization of products under the License Agreement,
LipoMedics agreed, in connection therewith, to purchase shares of
the Company's common stock for an aggregate purchase price of
$500,000, with the purchase price for each share of common stock
being the greater of $0.29 or the volume weighted average price of
the common stock for the thirty trading days immediately preceding
the date on which LipoMedics notifies the Company that it intends
to pursue further development or commercialization of a licensed
product.

Vuong Trieu, Ph.D., the chairman of the Board of Directors of the
Company, is the Chairman of the Board and chief operating officer
of LipoMedics.

The Company intends to submit a FOIA Confidential Treatment Request
to the Securities and Exchange Commission pursuant to Rule 24b-2
under the Securities Exchange Act of 1934, as amended, requesting
that it be permitted to redact certain portions of the License
Agreement.  The omitted material will be included in the request
for confidential treatment.  Further details of the agreement were
not disclosed.
  
"With the execution of this license agreement, the company extends
its runway and enters into new areas medicine," stated Joseph W.
Ramelli, CEO of Marina Biotech.  "We are now beginning to see our
delivery technologies used with various types of molecules and
entities.  We hope our delivery technologies continue to provide
new therapeutic opportunities to the patient community."

                     About Marina Biotech

Marina Biotech, Inc., headquartered in Bothell, Washington, is a
biotechnology company focused on the discovery, development and
commercialization of nucleic acid-based therapies utilizing gene
silencing approaches such as RNA interference ("RNAi") and
blocking messenger RNA ("mRNA") translation.  The Company's goal
is to improve human health through the development, either through
its own efforts or those of its collaboration partners and
licensees, of these nucleic acid-based therapeutics as well as the
delivery technologies that together provide superior treatment
options for patients.  The Company has multiple proprietary
technologies integrated into a broad nucleic acid-based drug
discovery platform, with the capability to deliver novel nucleic
acid-based therapeutics via systemic, local and oral
administration to target a wide range of human diseases, based on
the unique characteristics of the cells and organs involved in
each disease.

On June 1, 2012, the Company announced that, due to its financial
condition, it had implemented a furlough of approximately 90% of
its employees and ceased substantially all day-to-day operations.
Since that time substantially all of the furloughed employees have
been terminated.  As of Sept. 30, 2012, the Company had
approximately 11 remaining employees, including all of its
executive officers, all of whom are either furloughed or working
on reduced salary.  As a result, since June 1, 2012, its internal
research and development efforts have been minimal, pending
receipt of adequate funding.

Marina Biotech reported net income applicable to common
stockholders of $2.64 million for the year ended Dec. 31, 2015,
compared to a net loss applicable to common stockholders of $12.47
million for the year ended Dec. 31, 2014.

As of Sept. 30, 2016, Marina Biotech had $6.88 million in total
assets, $5.47 million in total liabilities and $1.40 million in
total stockholders' equity.

Wolf & Company, P.C., in Boston, Massachusetts, issued a "going
concern" qualification on the consolidated financial statements
for the year ended Dec. 31, 2015, citing that the Company has
suffered recurring losses from operations, has a significant
accumulated deficit and does not have sufficient capital to fund
its operations.  This raises substantial doubt about the Company's
ability to continue as a going concern.


MARIOLA KIELCZEWSKA: Bank Seeks Appointment of Operating Trustee
----------------------------------------------------------------
Valley National Bank filed a Notice of Motion before the U.S.
Bankruptcy Court for the District of New Jersey, that on March 14,
2017, the bank will ask the Court to bar Mariola Kielczewska from
using the cash collateral securing the Debtor's indebtedness, or,
in the alternative, appoint an operating trustee.

Valley National Bank further requests the Debtor for an oral
argument.

The Movant is represented by:

         Stuart Gold, Esq.
         MANDELBAUM SALSBURG P.C.
         3 Becker Farm Road
         Roseland, NJ 07068
         Tel.: (973) 736-4600

Mariola Kielczewska filed a Chapter 11 petition (Bankr. D.N.J. Case
No. 16-26891) on September 1, 2016, and is represented by Batya G.
Wernick, Esq.


MAUI LAND: Reports 2016 Net Income of $21.8 Million
---------------------------------------------------
Maui Land & Pineapple Company, Inc., reported net income of $21.8
million, or $1.15 per share, for 2016.  This compares to net income
of $6.8 million, or $0.36 per share, for 2015.  The Company
reported revenues of $47.4 million and $22.8 million for 2016 and
2015, respectively.

For the fourth quarter of 2016, the Company recognized net income
of $7.4 million or $0.39 per share.  For the fourth quarter of
2015, the Company recognized a net loss of $0.9 million or $(0.05)
per share.  Operating revenues totaled $20.3 million and $2.7
million during the fourth quarters of 2016 and 2015, respectively.

As of Dec. 31, 2016, Maui Land had $38.88 million in total assets,
$21.14 million in total liabilities and $17.74 million in total
equity.

In December 2016, the Company sold a 3.4-acre property with an
approximately 26,000 square foot building, commonly referred to as
the Kapalua Village Center for $18.0 million.  The sale resulted in
a gain of $12.9 million.  Proceeds from the sale were used to pay
down the Company's long-term debt.

"We are pleased with the many significant accomplishments over the
past several years in strengthening our Company's financial
condition and refocusing our business," stated Warren H. Haruki,
Chairman and CEO.  "In addition, we are very appreciative of the
continued support of our shareholders, creditors and the community
as we further our efforts in pivoting MLP for sustained growth."

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

                       https://is.gd/CdtOuJ

                 About Maui Land & Pineapple Co.

Maui Land & Pineapple Company, Inc. (NYSE: MLP) --
http://mauiland.com/-- develops, sells, and manages residential,  

resort, commercial, and industrial real estate.  The Company owns
approximately 23,000 acres of land on Maui and operates retail,
utility operations, and a nature preserve at the Kapalua Resort.
The Company's principal subsidiary is Kapalua Land Company, Ltd.,
the operator and developer of Kapalua Resort, a master-planned
community in West Maui.

                          *   *    *

This concludes the Troubled Company Reporter's coverage of Maui
Land until facts and circumstances, if any, emerge that demonstrate
financial or operational strain or difficulty at a level sufficient
to warrant renewed coverage.


MCCLATCHY COMPANY: Former CEO to Get $1.7 Million Payout
--------------------------------------------------------
Patrick J. Talamantes entered into a waiver and general release
agreement in connection with his departure from The McClatchy
Company, according to an amended Form 8-K report filed with the
Securities and Exchange Commission.  

Pursuant to the terms of the Agreement, Mr. Talamantes, who's
employment as president and chief executive officer ended on Jan.
25, 2017, will be entitled to receive as severance the gross lump
sum amount of $1,350,000, which is the equivalent of 1.5 times base
salary at the rate in effect at the time of separation.  

In addition, Mr. Talamantes will receive (1) a $135,000 payment in
respect of his annual incentive for fiscal year 2016; (2) a
$225,000 payment in respect of the Company’s long-term
performance-based cash program made under the 2014 Long-Term
Incentive Plan; and (3) 42,900 restricted shares of the Company’s
Class A Common Stock which represent certain outstanding awards
previously granted to Mr. Talamantes.  

Pursuant to the Agreement, Mr. Talamantes agreed to grant a general
release to the Company and to continue to be bound by certain
restrictive covenants including confidentiality, non-solicitation
and non-disparagement provisions set forth in his employment
agreement.

                  About The McClatchy Company

Sacramento, Cal.-based The McClatchy Company (NYSE: MNI)
-- http://www.mcclatchy.com/-- is a media company that provides
both print and digital news and advertising services.  Its
operations include 30 daily newspapers, community newspapers,
websites, mobile news and advertising, niche publications, direct
marketing and direct mail services.  Its owned newspapers include,
among others, the (Fort Worth) Star-Telegram, The Sacramento Bee,
The Kansas City Star, the Miami Herald, The Charlotte Observer,
and The (Raleigh) News & Observer.  The Company holds interest in
digital assets which include CareerBuilder, LLC, Classified
Ventures, LLC, HomeFinder, LLC, and Wanderful Media.

McClatchy reported a net loss of $300 million on $1.05 billion of
net revenues for the year ended Dec. 27, 2015, compared to net
income of $374 million on $1.14 billion of net revenues for the
year ended Dec. 28, 2014.

As of Sept. 25, 2016, McClathcy Co had $1.83 billion in total
assets, $1.68 billion in total liabilities and $155.5 million in
stockholders' equity.

                           *     *     *

McClatchy carries a 'Caa1' corporate family rating from Moody's
Investors Service.  In May 2011, Moody's changed the rating
outlook from stable to positive following the company's
announcement that it closed on the sale of land in Miami for
$236 million.  The outlook change reflects Moody's expectation
that McClatchy will utilize the net proceeds to reduce debt,
including its underfunded pension position, which will reduce
leverage by approximately half a turn and lower required
contributions to the pension plan over the next few years.

As reported by the TCR on April 2, 2014, Standard & Poor's Ratings
Services affirmed all ratings on U.S. newspaper company The
McClatchy Co., including the 'B-' corporate credit rating, and
revised the rating outlook to stable from positive.  The outlook
revision to stable reflects S&P's expectation that the
timeframe for a potential upgrade lies beyond the next 12 months,
and could also depend on the company realizing value from its
digital minority interests.


METROPOLITAN STEEL: Court Dismisses Appeal of Sale Order
--------------------------------------------------------
Judge Mark A. Kearney of the United States District Court for the
Eastern District of Pennsylvania dismissed the appeal challenging
the bankruptcy court's order approving an asset sale in the case
captioned IN THE MATTER OF: METROPOLITAN STEEL INDUSTRIES, INC.,
Civil Action No. 16-5392 (E.D. Pa.).

On August 25, 2016, Robert Holber, the appointed Chapter 11
Trustee, and East Coast SteelFab, LLC, signed an asset purchase
agreement to sell substantially all of Metropolitan Steel
Industries, Inc.'s assets to East Coast free and clear of all
liens, subject to bidding procedures.

After signing the agreement, Holber moved for orders approving the
bidding procedures and the sale of Metropolitan Steel's assets free
and clear of liens.  On September 21 and 23, 2016, Iron Workers
Local 40, 361 & 417 and Iron Workers Local 580 Joint Funds, and
several of Metropolitan Steel's creditors, filed objections to the
sale motion.  They asserted, among other things, any order
approving the sale should be conditioned on East Coast being bound
to the union agreements between Metropolitan Steel and the Iron
Workers, and should not include language barring successor or
control group liability.

On September 30, 2016, the Bankruptcy Court overruled the Iron
Workers' objections and entered an order approving the asset
purchase agreement.  The sale order did not require East Coast to
be bound by any of the union agreements, included a provision
protecting East Coast from successor liability claims, and held
that Holber and East Coast signed the agreement in good faith,
entitling them to the protections of section 363(m) of the
Bankruptcy Code.

The Iron Workers timely appealed the Sale Order.  Holber and East
Coast closed on the asset sale on November 23, 2016.  No party
moved for a stay of the sale order pending appeal.

Judge Kearney dismissed the Iron Workers' appeal of the sale order
for being statutorily moot.  The judge noted that the sale was not
stayed pending the appeal.  The judge explained that the Iron
Workers' appeal is moot unless reversing or modifying the sale
authorization would not affect the validity of the sale.  The judge
found, however, that the Iron Workers offered no counter-arguments
for how their requested modification would not impact the terms of
the bargain.  Thus, Judge Kearney concluded that the Iron Workers'
requested relief would significantly affect the validity of the
sale, and their appeal is statutorily moot.

Judge Kearney also found that the Iron Workers failed to identify
basis to conclude that the Bankruptcy Court's factual findings of
good faith are clearly erroneous.

A full-text copy of Judge Kearney's January 12, 2017 memorandum is
available at https://is.gd/aUt05Z from Leagle.com.

IRON WORKERS LOCAL 40, 361, & 417, IRON WORKERS LOCAL 580 JOINT
FUNDS, Appellants, represented by ADRIENNE N. ANDERSON --
aanderson@ciardilaw.com -- CIARDI CIARDI & ASTIN & ALBERT A.
CIARDI, Jr. -- aciardi@ciardilaw.com -- CIARDI & CIARDI, P.C..

EAST COAST STEELFAB, D. MICHAEL HARTLEY, D. KENT HARTLEY, EAST
COAST STEELFAB, LLC, represented by JOHN C. KILGANNON --
jck@stevenslee.com -- STEVENS & LEE.

METROPOLITAN STEEL INDUSTRIES, INC., Debtor-in-Possess, represented
by CHARLES J. PHILLIPS -- cphillips@leisawitzheller.com --
LEISAWITZ HELLER ABRAMOWITCH PHILLIPS PC.

ALLY FINANCIAL, Creditor, represented by REGINA COHEN --
rcohen@lavin-law.com -- LAVIN, O'NEIL, RICCI, CEDRONE & DISIPIO.

KENVIL UNITED CORPORATION, Creditor, represented by GARY D.
BRESSLER -- gbressler@mdmc-law.com -- MCELROY DEUTSCH MULVANEY
CARPENTER LLP.

FLASTER/GREENBERG PC, Creditor, represented by WILLIAM J. BURNETT
-- william.burnett@flastergreenberg.com -- FLASTER/GREENBERG P.C..

MIDLANTIC ERECTORS, INC., Creditor, represented by DAVID B. SMITH
-- dsmith@skhlaw.com -- SMITH KANE LLC, MICHAEL B. DUBIN --
mdubin@sogtlaw.com -- SEMANOFF, ORMSBY, GREENBERG & TORCHIA, LLC,
ROBERT E. NIES, ONE BOLAND DRIVE, RONALD L. ISRAEL, LOEB & LOEB &
RYAN P. O'CONNOR, ONE BOLAND DRIVE.

PREMIER TRAILER LEASING, Creditor, represented by REBECCA MCDOWELL,
Saldutti Law Group & ROBERT L. SALDUTTI, SALDUTTI LAW GROUP.

FIRST NATIONAL BANK OF PENNSYLVANIA, Creditor, represented by ERIC
D. ROSENBERG --- erosenberg@metzlewis.com -- METZ LEWIS BRODMAN
MUST O'KEEFE LLC & JOHN R. O'KEEFE -- jokeefe@metzlewis.com -- METZ
LEWIS BRODMAN MUST O'KEEFE LLC.

FORD MOTOR CREDIT COMPANY, Creditor, represented by HOWARD
GERSHMAN, GERSHMAN LAW OFFICES PC.

IUOE LOCAL 14-14B BENEFIT PLANS, IUOE LOCAL 15, Creditor,
represented by ROBERT P. CURLEY, O'DONOGHUE & O'DONOGHUE.

TISHMAN CONSTRUCTION COMPANY, Creditor, represented by SCOTT AARON
LEVIN -- slevin@mdmc-law.com -- MCELROY DEUTSCH MULVANEY &
CARPENTER LLP.

ROBERT H. HOLBER, Trustee, represented by STEVEN D. USDIN --
steven.usdin@flastergreenberg.com -- FLASTER GREENBERG PC & WILLIAM
J. BURNETT -- william.burnett@flastergreenberg.com --
FLASTER/GREENBERG P.C..

                    About Metropolitan Steel Industries

Metropolitan Steel Industries Inc. --
http://www.metropolitan-steel.com-- offers construction projects  
including, new construction to rehabilitation, additions, or repair
to existing structures.  In addition, the company offers services
in the following areas but not limited to metal decking, bridge
erection, reinforcing steel, pre-cast concrete, structural &
ornamental steel erection.

The Company filed for Chapter 7 protection on Aug. 3, 2016 (Bankr.
E.D Pa. Case No. 16-15510).  Judge Richard E. Fehling presides over
the Debtor's case.


MONACO MOTEL: Case Summary & 7 Unsecured Creditors
--------------------------------------------------
Debtor: Monaco Motel LLC
        864 Stateline Ave.
        South Lake Tahoe, CA 96150

Case No.: 17-21177

Chapter 11 Petition Date: February 26, 2017

Court: United States Bankruptcy Court
       Eastern District of California (Sacramento)

Judge: Hon. Michael S. McManus

Debtor's Counsel: Robert P. Huckaby, Esq.
                  ROBERT HUCKABY
                  3330 Lake Tahoe Blvd #10
                  South Lake Tahoe, CA 96150
                  Tel: (530) 544-4697
                  E-mail: bobhuckaby@aol.com

Total Assets: $811,095

Total Liabilities: $2.02 million

The petition was signed by Syed Chowdaury, managing member.

A copy of the Debtor's list of seven unsecured creditors is
available for free at http://bankrupt.com/misc/caeb17-21177.pdf


NASTY GAL: Culminates Bankruptcy with Sale to Rival
---------------------------------------------------
Sarah Chaney, writing for The Wall Street Journal, reported that
the rapid rise and fall of Nasty Gal Inc., an online retailer once
popular with millennial shoppers and venture capitalists, is
culminating in a bankruptcy sale to a rival.

According to the report, in less than a decade, the eBay vintage
store was transformed to a company that generated $85 million in
revenue for the 2014 fiscal year, but the Los Angeles company's
swift growth led to stumbles due to leadership turnover and poor
communication.  The Journal said some employees described the
company culture as becoming "toxic," referring to turbulence in
recent years including several rounds of layoffs.

The turmoil culminated in a November bankruptcy filing, with Nasty
Gal preparing to sell its brand name and other intellectual
property for $20 million to a rival fashion site, the U.K.’s
Boohoo.com, the report said.  The Journal pointed out that Nasty
Gal's saga serves as a cautionary tale for startups and investors
who, in their quest for quick growth, don't always spend their
money wisely, retail analysts and former employees say.

                      About Nasty Gal Inc.

Nasty Gal Inc. filed a Chapter 11 petition (Bankr. C.D. Cal. Case
No. 16-24862) on Nov. 9, 2016.  The petition was signed by Joe
Scirocco, president.  The case is assigned to Judge Sheri
Bluebond.
At the time of filing, the Debtor estimated assets and liabilities
at $10 million to $50 million.

The Debtor engaged Scott F. Gautier, Esq., at Robins Kaplan LLP,
as
counsel; Peter J. Solomon Company as its exclusive financial and
strategic advisor; and Rust Consulting Omni Bankruptcy as claims,
noticing and balloting agent.

The Office of the U.S. Trustee on Nov. 18, 2016, appointed five
creditors  of Nasty Gal Inc. to serve on the official committee of
unsecured  creditors.  The Creditors' Committee tapped B. Riley &
Co. as financial advisor, and Gary E. Klausner, Esq., and Todd M.
Arnold, Esq., at Levene, Neale, Bender, Yoo & Brill LLP, as
counsel.

The Office of the U.S. Trustee appointed Wesley H. Avery as
Consumer Privacy Ombudsman.


NAT'L ASSISTANCE BUREAU: Taps Marcus & Millichap as Realtor
-----------------------------------------------------------
National Assistance Bureau, Inc. seeks approval from the U.S.
Bankruptcy Court for the Northern District of Georgia to hire a
real estate agent.

The Debtor proposes to hire Marcus & Millichap Real Estate
Investment Brokerage Company to market and sell the Hartley Woods
Health and Rehabilitation Center, an assisted care living facility
in Macon, Georgia.

The firm will get a commission of 3% of the gross sales price for
the property.

Marcus & Millichap assured the Court that it does not represent any
interest adverse to the Debtor's bankruptcy estate, and is a
"disinterested person" as defined in section 101(14) of the
Bankruptcy Code.

The firm can be reached through:

     Mike Pardoll
     Marcus & Millichap Real Estate
     Investment Brokerage Company
     405 Eagle Bend Drive
     Waxhaw, NC 28173
     Tel: (704) 443-0600
     Fax: (704) 443-0601

                   About National Assistance Bureau

National Assistance Bureau, Inc. sought protection under Chapter 11
of the Bankruptcy Code in the Northern District of Georgia
(Atlanta) (Case No. 15-69786) on October 13, 2015.  

The petition was signed by William R. Hill Sr., president.  The
Debtor is represented by Theodore N. Stapleton, Esq., at Theodore
N. Stapleton, P.C.  Lowenstein Sandler, LLP serves as its special
counsel.

The Debtor estimated assets of $1 million to $10 million and debts
of $10 million to $50 million.


NATIONAL AIR CARGO: Taps Lippes Mathias as New Legal Counsel
------------------------------------------------------------
National Air Cargo, Inc. seeks approval from the U.S. Bankruptcy
Court for the Western District of New York to hire a new legal
counsel.

The Debtor proposes to hire Lippes Mathias Wexler Friedman LLP to
give legal advice regarding the administration of its Chapter 11
case, assist in the preparation of a bankruptcy plan, and provide
other legal services.  The firm will replace Harter Secrest & Emery
LLP.

The hourly rates charged by the firm are:

     Raymond Fink          $400
     John Mueller          $300
     Stacey Moar           $275
     Paralegal      $100 - $200

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

The firm can be reached through:

     Raymond L. Fink, Esq.
     John A. Mueller, Esq.
     50 Fountain Plaza, Suite 1700
     Buffalo, NY 14202-2216
     Phone: (716) 853-5100
     Email: rfink@lippes.com
            jmueller@lippes.com

                     About National Air Cargo

National Air Cargo, Inc. -- http://www.nationalaircargo.com/-- is

incorporated in the state of New York and operates out of Orchard
Park New York.  The parent company is incorporated in the state of
Florida.  National Air Cargo, Inc. provides transportation and
logistics solutions to get cargo quickly and safely to wherever it
needs to be.

The company filed for Chapter 11 bankruptcy protection (Bankr.
W.D.N.Y. Case No. 14-12414) on Oct. 17, 2014.  The petition was
signed by Brian T. Conaway, secretary and VIP of Finance.

The Hon. Michael J. Kaplan presides over the case.  John A.
Mueller, Esq., and Raymond L. Fink, Esq., at Harter Secrest & Emery
LLP, serve as the company's bankruptcy counsel.  The company
estimated its assets and liabilities at $1 million to $10 million.


NEW BERN: Weaver Cooke's Bid to Intervene in NER's Appeal Denied
----------------------------------------------------------------
Judge W. Earl Britt of the United States District Court for the
Eastern District of North Carolina, Western Division, affirmed the
November 25, 2015 order of United States Bankruptcy Judge Stephani
W. Humrickhouse and denied as moot the motion filed by Weaver Cooke
Construction, LLC, to intervene in the appeal in Case No.
5:15-CV-647-BR.

The dispute arose out of a real estate development project, a
luxury condominium complex, in New Bern, North Carolina.  Weaver
Cooke Construction, LLC, served as the project's general
contractor.  It entered into a purchase order contract with
National Reinforcing Systems, Inc. (NRS) to provide materials and
equipment for the design of the post-tensioned concrete system for
the project.  NRS in turn contracted with appellees Robert P.
Armstrong, Jr., Summit Design Group, Inc., and Robert Armstrong,
Jr., Inc. (collectively "Armstrong") to design that system and to
seal drawings of the same.  Weaver Cooke entered into a separate
contract with National Erectors Rebar, Inc. (NER) to install the
system.

In March 2009, New Bern Riverfront Development, LLC, the project
owner/developer, filed suit in state court against various parties,
including Weaver Cooke and NER, based on the allegedly defective
construction of the project.  In November 2009, New Bern filed a
petition for relief under Chapter 11 of the bankruptcy code, and
shortly thereafter, the state court action was removed to the
district court and transferred to the bankruptcy court.

Weaver Cooke filed crossclaims against NER for negligence,
contractual indemnity, and breach of express warranty.
Subsequently, NER and Weaver Cooke asserted claims against
Armstrong, all rooted in Armstrong's allegedly defective design of
the post-tensioned system.  Armstrong moved for summary judgment on
all of those claims.  Initially, the bankruptcy court denied
Armstrong's motion.

In the meantime, NER moved for summary judgment on New Bern's and
Weaver Cooke's claims against it.  In separate orders, the
bankruptcy court denied NER's motions for summary judgment.

In May 2015, Armstrong filed a motion to reconsider and to amend
the bankruptcy court's order denying its motion for summary
judgment and filed an amendment thereto the following day.  In
November 2015, after a hearing and supplemental briefing, the
bankruptcy court granted Armstrong's motion.  The court also
certified its order as final and recommended, should the order be
appealed, that the district court consider the order as final for
purposes of certification under Federal Rule of Civil Procedure
54(b).

On December 10, 2015, NER and Weaver Cooke filed notices of appeal
from that order.  On May 3, 2016, Weaver Cooke filed a motion to
intervene in NER's appeal.

Judge Britt adopted the bankruptcy court's November 25, 2015
recommendation and certified that order as final for purposes of
appeal because neither Weaver Cooke nor NER objected to
certification of the order as final.  The judge then considered
NER's and Weaver Cooke's appeals from the November 25 order
together, thereby mooting Weaver Cooke's motion to intervene in
NER's appeal.

As to NER's first argument that the bankruptcy court erred in
ruling that NER is responsible for the work of NRS, Judge Britt
found that the bankruptcy court's refusal to revisit its earlier
ruling regarding NER was not dependent on the conclusion that NER
is responsible for NRS's work.  Therefore, the judge did not
consider NER's first argument.

Next, NER maintained that "[New Bern's] and Weaver Cooke's
negligence claim[s] should be dismissed because [New Bern] and
Weaver Cooke have failed to provide any evidence to establish that
[NER] performed any architectural or engineering services as to
maintain a discrete form of negligence applicable to architectural
or engineering professionals."  However, because the bankruptcy
court did not make any ruling concerning the sufficiency of the
evidence supporting New Bern's and Weaver Cooke's claims against
NER, Judge Britt declined to consider NER's second argument.

Finally, because the bankruptcy court on reconsideration dismissed
the claims against Armstrong, NER argued that the bankruptcy court
should likewise have revisited its earlier ruling denying NER's
motion for summary judgment and applied the same rationale to
dismiss New Bern's and Weaver Cooke's design-related claims against
NER.  Judge Britt found that the bankruptcy court did not err in
refusing to revisit its summary judgment ruling on the claims
against NER.

A full-text copy of Judge Britt's January 10, 2017 order is
available at https://is.gd/4Gm2Az from Leagle.com.

The appealed cases are NATIONAL ERECTORS REBAR, INC., Appellant, v.
ROBERT ARMSTRONG, JR., SUMMIT DESIGN GROUP, INC., and ROBERT P.
ARMSTRONG, JR., Appellees. WEAVER COOKE CONSTRUCTION, LLC,
Appellant, v. ROBERT P. ARMSTRONG, JR., SUMMIT DESIGN GROUP, INC.,
and ROBERT ARMSTRONG, JR., INC., Appellees, Nos. 5:15-CV-647-BR,
5:15-CV-648-BR (E.D.N.C.).

National Erectors Rebar, Inc., Appellant, represented by
Christopher J. Derrenbacher, Patterson Dilthey LLP, Eric G. Sauls,
Patterson Dilthey LLP.

Robert Armstrong, Jr., Appellee, represented by Benjamin Smith
Chesson -- ben.chesson@nelsonmullins.com –- Nelson Mullins Riley
& Scarborough, LLP & Lucian P. Sbarra -- lsbarra@hedrickgardner.com
-- Hedrick, Gardner, Kincheloe & Garofalo, LLP.

Summit Design Group, Inc., Robert P. Armstrong, Jr., Inc.,
Appellees, represented by Benjamin Smith Chesson, Nelson Mullins
Riley & Scarborough, LLP, Lucian P. Sbarra, Hedrick, Gardner,
Kincheloe & Garofalo, LLP & Bridget Villacorta Warren --
bridget.warren@smithmoorelaw.com -- Smith Moore Leatherwood LLP.

New Bern Riverfront Development, LLC, Interested Party, represented
by Daniel K. Bryson -- dan@wbmllp.com -- Whitfield, Bryson & Mason,
LLP, Jeremy Richard Williams -- jeremy@wbmllp.com -- Whitfield,
Bryson & Mason, LLP & Matthew E. Lee -- matt@wbmllp.com --
Whitfield, Bryson & Mason, LLP.

Weaver Cooke Construction, LLC, Travelers Casualty & Surety Company
of America, Interested Parties, represented by C. Hamilton (Hank)
Jarrett, III -- hjarrett@cgspllc.com -- Conner Gwyn Schenck PLLC,
Douglas P. Jeremiah, Conner Gwyn Schenck PLLC, Joseph P. Gram --
jgram@cgspllc.com -- Conner Gwyn Schenck PLLC, Kelli E. Goss --
kgoss@cgspllc.com -- Conner Gwyn Schenck PLLC, Luke J. Farley --
lfarley@cgspllc.com -- Conner Gwyn Schenck PLLC & Paul E. Davis --
pdavis@cgspllc.com -- Conner Gwyn Schenck PLLC.

J. Davis Architects, PLLC, Interested Party, represented by Gregory
Wenzl Brown -- gregory@brownlawllp.com -- Brown Law LLP, Jessica
Cobaugh Tyndall, McAngus, Goudelock & Courie, LLC & Kristi Lyn
Gavalier -- kristi@brownlawllp.com -- Brown Law LLP.

Fluhrer Reed, P.A., Interested Party, represented by John M.
Nunnally -- jnunnally@rl-law.com -- Ragsdale Liggett PLLC & Melissa
Dewey Brumback -- mbrumback@rl-law.com -- Ragsdale Liggett, PLLC.

National Reinforcing Systems, Inc., Interested Party, represented
by Jeffrey D. Keister, McAngus, Goudelock & Courie, LLC.

Carolina Custom Moulding, Inc., Interested Party, represented by
Michael P. Hugo, Attorney at Law.

Curenton Concrete Works, Inc., Interested Party, represented by
Andrew A. Vanore, III, Brown, Crump, Vanore & Tierney, LLP.

William H. Dail d/b/a DD Company, Interested Party, represented by
Andrew James Santaniello, Clawson & Staubes, PLLC & Robert T.
Sawyer, II, Clawson & Staubes, PLLC.

East Carolina Masonry, Inc, Interested Party, represented by J.
Mark Langdon, Wall Templeton & Haldrup, P.A. & William Walter Rapp,
McAngus, Goudlock, & Courie.

Gouras, Inc., Interested Party, represented by Jay P. Tobin, Young
Moore & Henderson.

Hamlin Roofing Company, Inc., Interested Party, represented by
Brian J. Schoolman, Safran Law Offices, Brian J. Schoolman, Safran
Law Offices.

Humphrey Heating & Air Conditioning, Inc., Interested Party,
represented by Beth Faleris, Faleris Law Firm, PLLC & Steven C.
Lawrence, Anderson, Johnson, Lawrence & Butler, LLP.

Performance Fire Protection, LLC, Interested Party, represented by
Bryan T. Simpson, Teague, Campbell, Dennis & Gorham, LLP.

Randolph Stair and Rail Company, Interested Party, represented by
Tracy L. Eggleston, Cozen O'Connor, PC & Patrick M. Aul, Cozen
O'Connor, PC.

Stock Building Supply, LLC, Interested Party, represented by A.
Todd Brown, Hunton & Williams, LLP & Ryan George Rich, Hunton &
Williams, L.L.P..

PLF of Sanford, Inc. f/d/b/a Lee Window & Door Company, Interested
Party, represented by A. Todd Brown, Hunton & Williams, LLP & Ryan
George Rich, Hunton & Williams, L.L.P..

McKim & Creed, PA, Interested Party, represented by Kristina M.
Varady, Pharr Law, PLLC & Steve M. Pharr, Pharr Law, PLLC.

United Forming, Inc. a/d/b/a United Concrete, Inc., Interested
Party, represented by Kristina M. Varady, Pharr Law, PLLC & Steve
M. Pharr, Pharr Law, PLLC.

Waterproofing Specialties, Inc., Interested Party, represented by
Ron D. Medlin, Ennis, Baynard & Morton, P.A..

JMW Concrete Contractors, Interested Party, represented by Robert
N. Young, Carruthers & Roth, P.A..

Johnson's Modern Electric Company, Inc., Interested Party,
represented by Brian E. Wolfe, Clawson & Staubes, PLLC & Milton
Heath Gilbert, Jr., Baucom, Claytor, Benton, Morgan & Wood, PA.

5 Boys, Inc., Interested Party, represented by Jonathan Paul Ward,
Pinto Coates Kyre & Bowers, PLLC & Richard Leonard Pinto, Pinto
Coates Kyre & Bowers, PLLC.

Carlos Garcia, d/b/a C.N.N.C., Interested Party, represented by
William Walton Silverman, Robinson & Lawing, LLP.

                    About New Bern Riverfront Development

Cary, North Carolina-based New Bern Riverfront Development, LLC, is
the developer of SkySail Condominium, consisting of 121 residential
condominiums (plus 1 commercial/non-residential unit) located on
Middle Street on the waterfront in historic downtown New Bern,
North Carolina, and sells the SkySail Condominiums in the ordinary
course of business.  New Bern Riverfront filed for Chapter 11
bankruptcy protection (Bankr. E.D.N.C. Case No. 09-10340) on Nov.
30, 2009.  John A. Northen, Esq., at Northen Blue, LLP, represents
the Debtor.  The Company disclosed $31,515,040 in assets and
$25,676,781 in liabilities as of the Chapter 11 filing.

New Bern Riverfront has filed an Amended Plan of Reorganization,
which represents a consensual plan negotiated with the Debtor's
secured creditor, Wells Fargo Bank, N.A.  The Debtor contemplates
selling properties.  


NEWBURY COMMON: Plan Filing Deadline Extended Until March 8
-----------------------------------------------------------
Judge Laurie Selber Silverstein of the U.S. Bankruptcy Court for
the District of Delaware extended exclusive periods during which
Newbury Common Associates, LLC, and certain of its affiliates alone
can file a chapter 11 plan and solicit acceptances to the plan to
March 8, 2017 and May 8, 2017, respectively.

The Troubled Company Reporter had earlier reported that the Debtors
asked the Court for exclusivity extension out of an abundance of
caution, in order to continue their negotiations with other large
stakeholders and finalize a plan with as much consensus as
possible.

The Debtors related that since the Court last extended their
Exclusive Periods, their management and professional advisors had
devoted significant amount of time and effort towards a number of
critical matters, which includes, closing of the sales of all of
the real estate in their real estate portfolio, except the still
uncompleted Residence Inn property, and transitioned the Properties
to the respective purchasers.

The Debtors contended that after the completion of the contentious
and difficult sale process, the Debtors moved to the second phase
of the cases and proposed a work plan which set forth the steps the
Debtors needed to take in order to negotiate a consensual
resolution of their chapter 11 cases.

Among other things, the Work Plan contemplates these steps: (1)
re-engaging the forensic accounting process; (2) commencing claims
review and reconciliation; (3) evaluating potential causes of
action; (4) identifying and recording receivable balances; (5)
formally deposing John DiMenna, Jr.; (6) identifying working group
parties; and (7) holding one or more plan settlement conferences
with parties in interest.   

In furtherance of their goal of developing a consensual chapter 11
plan, the Debtors and their professionals had also expedited an
extensive review of potential intercompany claims, and developed
and prepared other critical information necessary for parties in
interest to evaluate potential plan structures. Among other things,
the Debtors had amended their schedules and had convened several
settlement conferences with participants from UCF I Trust 1, CPR
Money, LLC, Cedar Hill Capital, LLC, and many investors.

As a result of these settlement conferences and continuing
negotiations with the Debtors' substantial stakeholders, the
Debtors had reached a resolution with UCF I Trust 1, one of the
largest stakeholders in its cases, regarding the economics and
general mechanics of a plan.  

Additionally, to the extent the Court determines that any Debtor is
subject to the "Single Asset Real Estate" provisions of the
Bankruptcy Code, the Debtors also requested that the Court further
extend the deadline for filing a plan or commencing monthly
payments under Section 362(d)(3) to March 8, 2017.

                  About Newbury Common Associates

Newbury Common Associates, LLC, et al., comprise a corporate
enterprise that owns a diverse portfolio of high quality,
distinctive commercial, hospitality and residential properties with
an aggregate of approximately 800,000 square feet located primarily
in Stamford, Connecticut.

On Dec. 13, 2015, Newbury Common Associates, LLC, and 13 affiliates
each commenced a voluntary case (Bankr. D. Del. Lead Case No.
15-12507) under chapter 11 of the Bankruptcy Code, and on Dec. 14,
Tag Forest LLC commenced a Chapter 11 case (collectively, "Original
Debtors").  On Feb. 3, 2016, Newbury Common Member Associates, LLC
and 8 affiliates commenced a voluntary case under chapter 11 of the
Bankruptcy Code; and then on Feb. 4, 88 Hamilton Avenue Associates,
LLC filed a Chapter 11 petition (collectively "Additional
Debtors").  The petitions were signed by Marc Beilinson, chief
restructuring officer.  At the time of the filing, the Debtors
estimated assets and liabilities at $100 million to $500 million.

Seaboard Realty, LLC, its principals or entities it manages serve
as the manager under the operating agreements for each of the
Debtors and is owned 50% by John J. DiMenna, Jr., 25% by Thomas L.
Kelly, Jr. and 25% by William A. Merritt, Jr.  The Original Debtors
other than Seaboard Residential, LLC, Tag, and Newbury Common
Associates, LLC, are holding companies whose assets are
substantially comprised of the equity of the Property Owner
Debtors.  The Debtors' eight operating property are owned by the
"Property Owner Debtors", namely Century Plaza Investor Associates,
LLC; Seaboard Hotel Associates, LLC; Seaboard Hotel LTS Associates,
LLC; Park Square West Associates, LLC; Clocktower Close Associates,
LLC; One Atlantic Investor Associates, LLC; 88 Hamilton Avenue
Associates, LLC; 220 Elm Street I, LLC; 300 Main Street Associates,
LLC; and Seaboard Residential, LLC.

The Original Debtors' chapter 11 cases are being jointly
administered pursuant to an order entered Dec. 18, 2015.  The
Debtors later won approval of a supplemental motion seeking joint
administration of the Additional Debtors' Chapter 11 cases with the
cases of the Original Debtors for procedural purposes only.

As of Jan. 7, 2016, the Debtors had incurred purported aggregate
funded secured indebtedness of approximately $177.2 million in
principal, including approximately $150.4 million of property-level
secured debt and approximately $26.8 million of purported and
allegedly unauthorized mezzanine debt.

The Debtors are represented by Robert S. Brady, Esq., at Young
Conaway Stargatt & Taylor, LLP, and Dechert LLP.  They retained
Donlin Recano as claims and noticing agent, and Anchin, Block &
Anchin as their Forensic Accounting Services Provider.

The Office of the U.S. Trustee disclosed in a court filing that no
official committee of unsecured creditors has been appointed in the
Debtors' cases.


NEWLEAD HOLDINGS: TransAsia Obtains Favorable Ruling in Fraud Suit
------------------------------------------------------------------
A New York court has granted London-based commodity trader
TransAsia Commodities Ltd. a major victory in its three-year battle
seeking damages for breach of contract and fraud against Greek
shipping company NewLead Holdings Ltd.

Judge Charles Ramos of the Supreme Court of New York County found
NewLead and related defendants to be in contempt for multiple
failures to comply with demands for evidence.  As a consequence, he
struck the defendants' responses to the claim and delivered a
default judgment.

The judgment was rendered at a hearing Jan. 19 and confirmed with
the release Wednesday of a signed order.  NewLead and other
defendants, including former CEO Michael Zolotas, failed to appear
and were not represented by counsel.  Co-defendant Jan Berkowitz,
CEO of a US subsidiary called NewLead JMEG LLC, was the subject of
a similar default judgment in December.  Motions submitted by
TransAsia had sought the Court to impose a constructive trust in
the amount of $12 million to cover TransAsia's damages.  However,
Judge Ramos has referred the issue of compensatory and punitive
damages, including "reasonable costs and attorney's fees" to a
Special Referee which will make recommendations later.

TransAsia's claims arose from contracts it signed with NewLead JMEG
in 2013 for the purchase of coal which, according to court
documents, NewLead never owned from mines it also did not own.

False counterclaims filed by the defendants against TransAsia
forced its owner Serge Turko to place his company into
administration. The counterclaims were subsequently withdrawn.

"Our client's business was devastated by the conduct of these
defendants," TransAsia attorney Eric Freed of Cozen O'Connor LLP
said on Feb. 23.  "We hope that with the entry of these default
judgments, this long ordeal will soon be over."

According to an amended complaint filed in April last year:

"Defendants used public filings and press releases about the
offtake coal contracts to entice investors to purchase and drive up
the price of NewLead Holdings' shares.  They then issued millions
of shares of NewLead Holdings stock to themselves as salary and
bonuses, and to companies owned by them, their family members, and
their close associates, who were disguised as 'consultants' and
'vendors.'  Defendants then lined their own pockets by selling the
shares at inflated prices to the unsuspecting stock buying public,
who relied on the company's deceptive press releases touting their
supposedly successful entry into the coal mining business."

This complex "pump and dump" scheme was intended initially to
retain NewLead's listing on the NASDAQ exchange by meeting listing
standards for share price and market capital.  Nonetheless, NewLead
was forced to de-list in 2014 and its shares currently trade on the
OTC Pink market.

Michael Zolotas is currently awaiting trial in Cyprus on unrelated
charges connected with allegations of bribery against a former
governor of the EU nation's central bank.

                   About NewLead Holdings Ltd.

NewLead Holdings Ltd. -- http://www.newleadholdings.com/-- is an
international, vertically integrated shipping company that owns and
manages product tankers and dry bulk vessels.  NewLead currently
controls 22 vessels, including six double-hull product tankers and
16 dry bulk vessels of which two are newbuildings.  NewLead's
common shares are traded under the symbol "NEWL" on the NASDAQ
Global Select Market.

NewLead Holdings reported a net loss attributable to the Company's
common shareholders of US$97.1 million on US$27.8 million of
revenues for the year ended Dec. 31, 2015, compared to a net loss
attributable to Holdings' common shareholders of US$100 million on
US$12.07 million of revenues for the year ended Dec. 31, 2014.

As of Dec. 31, 2015, NewLead had US$122 million in total assets,
US$297 million in total liabilities, and a total shareholders'
deficit of US$175 million.

EisnerAmper LLP, in New York, New York, issued a "going concern"
qualification on the consolidated financial statements for the year
ended Dec. 31, 2015, citing that the Company has incurred a net
loss and utilized cash in operating activities for the year ended
December 31, 2015 and as of December 31, 2015, has both a working
capital deficiency and shareholders' deficit and, in addition, is
in default on a significant portion of its outstanding obligations.
All such events and conditions raise substantial doubt about the
Company's ability to continue as a going concern.


NPPF I: Fitch Withdraws 'Csf' Rating on $14MM Class D Debt
----------------------------------------------------------
Fitch Ratings has affirmed the ratings on all classes of Non-Profit
Preferred Funding Trust I (NPPF I). The Rating Outlook is Stable.
Simultaneously, Fitch has withdrawn the ratings due to policy
change.

-- $8,405,087 class A-1 senior certificates at 'BBsf'; Outlook
Stable;
-- $21,416,347 class A-2 senior certificates at 'BBsf'; Outlook
Stable;
-- $16,500,000 class B senior certificates at 'Bsf'; Outlook
Stable;
-- $22,000,000 class C mezzanine certificates at 'CCsf';
-- $14,000,000 class D subordinated certificates at 'Csf'.

Fitch does not rate class E junior certificates.

KEY RATING DRIVERS

The transaction has been deleveraging due to amortization and the
sale of the underlying assets as well as excess spread diverted to
cure the failing class D Coverage Test. Approximately 90.7% of the
class A-1 & class A-2 certificates have been paid down to date,
resulting in improved credit enhancement (C/E) levels for the rated
certificates.

Performing collateral comprised $72.2 million as of January 2017
report, including one defeased asset with a $6.5 million balance.
There are nine performing assets. Principal cash balance stood at
$918,384. In addition, there were four defaulted assets comprising
$32.3 million.

Excluding defaulted and defeased assets, the average credit quality
of the portfolio has declined to 'B-'/'CCC+' from 'B-' at the last
review in March 2016. Approximately $42.5 million in notional
amount of collateral amortized or was sold since last review.

In evaluating the notes, Fitch applied the analytical framework
described in the criteria: 'Asset Analysis Criteria for Covered
Bonds and CDOs of Public Entities', dated Jan 05, 2017 and 'Global
Rating Criteria for CLOs and Corporate CDOs', dated Sept. 9, 2016.
The ratings and Outlooks for all classes of certificates reflect
the model results from the cash flow model. The Fitch rating for
the class A-1 and class A-2 certificates is a notch below the
results based on the cash flow model. Fitch did not consider
upgrading the certificates at this time due to the uncertainty of
future cash flows and the concentrated nature of the portfolio.
Fitch does not assign Outlooks to classes rated 'CCCsf' and lower.

NPPF I is a Structured Tax-Exempt Pass-Through (STEP) program
formed in November 2006 to issue $416.5 million of municipal market
data (MMD) index-based senior, mezzanine, and junior certificates.
The proceeds of the issuance were invested in a portfolio of
municipal debt issued under the 501(c)(3) program. The initial
portfolio was selected by Cohen Municipal Capital Management, LLC
together with sub-advisors Nonprofit Capital LLC and Shattuck
Hammond. In March 2009, Muni Capital Management, LLC took over the
management responsibilities for this transaction.

DUE DILIGENCE USAGE

No third-party due diligence was provided or reviewed in relation
to this rating action.


OMINTO INC: Reports First Quarter Net Loss of $2.3 Million
----------------------------------------------------------
Ominto, Inc., filed with the Securities and Exchange Commission its
quarterly report on Form 10-Q disclosing a net loss attributable to
the Company of $2.28 million on $5.87 million of revenue for the
three months ended Dec. 31, 2016, compared with a net loss
attributable to the Company of $2 million on $5.43 million of
revenue for the same period a year ago.

As of Dec. 31, 2016, Ominto had $65.84 million in total assets,
$44.01 million in total liabilities, $6.62 million in stockholders'
equity and $15.19 million in non-controlling interest.

During the three months ended Dec. 31, 2016, the Company incurred a
loss from continuing operations including non-controlling interest
of $2.4 million.  The Company has an accumulated deficit for the
period from its inception through Dec. 31, 2016, of approximately
$61.9 million.

The Company's stockholders' deficit of approximately $7.5 million
at Sept. 30, 2016, improved to stockholder's equity of
approximately $6.6 million at Dec. 31, 2016, as a result of its
private placement sale of common stock totaling approximately $2.1
million and its financing of the acquisition of 40.02% interest in
Lani Pixels and its investment in 18.75% of the common stock of
Quant Systems, Inc., through issuances of its common stock totaling
approximately $12.9 million.

Ominto had a working capital (defined as current assets less
current liabilities) deficit of approximately $12.5 million as of
Dec. 31, 2016.  However, current liabilities include $21.3 million
of deferred subscription fee revenue and $4.6 million of deferred
advertising revenue which are amortized over a twelve-month period
and represent about $2.2 million of revenue per month. Current
assets include deferred costs of $13.4 million which are being
amortized over a twelve-month period and represent about $1.1
million of expense per month.  Excluding deferred costs from
current assets and deferred subscription fee revenue and deferred
advertising revenue from current liabilities, the Company had a
working capital deficit of approximately $42,000 at Dec. 31, 2016.

Total cash and cash equivalents of approximately $11.9 million at
Dec. 31, 2016, increased $2.3 million from total cash and cash
equivalents of approximately $9.6 million at Sept. 30, 2016. In
addition, the Company had restricted cash balances of approximately
$2.7 million at Dec. 31, 2016, and approximately $2.0 million at
Sept. 30, 2016.

The Company's primary sources of liquidity are cash flows from
operations and funds raised through debt and/or equity.  Its
primary liquidity needs are for working capital, capital
expenditures and acquisition requirements.

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

                     https://is.gd/EjA9fV

                         About Ominto

Ominto, Inc., was incorporated under the laws of the State of
Nevada on June 4, 1999, as Clamshell Enterprises, Inc., which name
was changed to MediaNet Group Technologies, Inc. in May 2003, then
to DubLi, Inc. on Sept. 25, 2012, and finally to Ominto, Inc. as of
July 1, 2015.  The DubLi Network was merged into the Company, as
its primary business in October 2009.

Ominto reported a net loss of $10.30 million on $17.69 million of
revenues for the year ended Sept. 30, 2016, compared to a net loss
of $11.69 million on $21.28 million of revenues for the year ended
Sept. 30, 2015.


PACIFIC DRILLING: Reports 2016 Net Loss of $37.2 Million
--------------------------------------------------------
Pacific Drilling S.A. filed with the Securities and Exchange
Commission its annual report on Form 20-F disclosing a net loss of
$37.15 million on $769.5 million of revenues for the year ended
Dec. 31, 2016, as compared with net income of $126.2 million on
$1.08 billion of revenues for the year ended Dec. 31, 2015.

As of Dec. 31, 2016, Pacific Drilling had $5.99 billion in total
assets, $3.33 billion in total liabilities and $2.66 billion in
total shareholders' equity.

"Our liquidity fluctuates depending on a number of factors,
including, among others, our revenue efficiency and the timing of
accounts receivable collection as well as payments for operating
costs and debt repayments.  Primary sources of funds for our
short-term liquidity needs are expected to be our cash flow
generated from operating activities and existing cash, cash
equivalents and restricted cash balances.  At December 31, 2016, we
had $586.0 million of cash and cash equivalents and $40.2 million
of restricted cash.  On January 20, 2017, in connection with the
Sixth Amendments, we paid a total of $133.7 million to our lenders.
We do not have additional borrowing capacity under our 2013
Revolving Credit Facility or SSCF, and the RCF Sixth Amendment
restricts our ability to incur additional secured debt.

"Market conditions in the offshore drilling industry in recent
years have led to materially lower levels of spending for offshore
exploration and development by our current and potential customers
on a global basis while at the same time supply of available high
specification drillships has increased, which in turn has
negatively affected our revenue, profitability and cash flows. As a
result, we are engaged in discussions with all of our stakeholders,
including our bank lenders under the 2013 Revolving Credit Facility
and the SSCF (the "Lenders") and an ad hoc group of holders of our
capital markets indebtedness (the "Ad Hoc Group"), regarding a
restructuring of the Company's existing capital structure to be
sustainable in the longer term," the Company disclosed in the
report.

The Company's independent auditors KPMG LLP, in Houston, Texas,
expressed substantial doubt about the Company's ability to continue
as a going concern in their report on the consolidated financial
statements for the year ended Dec. 31, 2016.  KPMG noted that the
Company expects to be in violation of certain of its financial
covenants in the next 12 months.

A full-text copy of the Form 20-F is available for free at:

                     https://is.gd/82t20X

                    About Pacific Drilling

Based in Luxembourg, Pacific Drilling S.A. (NYSE:PACD) is an
international offshore drilling contractor.  The Company's primary
business is to contract its high-specification rigs, related
equipment and work crews, primarily on a day rate basis, to drill
wells for its clients.  The Company's contract drillships operate
in the deepwater regions of the United States, Gulf of Mexico and
Nigeria.

                         *     *     *

In October 2016, Moody's Investors Service downgraded Pacific
Drilling's Corporate Family Rating to 'Caa3' from 'Caa2' and
Probability of Default Rating (PDR) to 'Caa3-PD' from 'Caa2-PD'.
"PacDrilling's ratings downgrade reflects our extremely negative
view of the offshore drilling sector with no near term signs of
improvement.  Depressed prices for the offshore drillships offers
weak asset coverage for PacDrilling's overall debt.  With no
material signs of improving contract coverage or utilization for
PacDrilling's drillships, cashflow through 2017 will be severely
impacted resulting in an unsustainable capital structure," said
Sreedhar Kona, Moody's senior analyst.

In November 2016, S&P Global Ratings lowered its corporate credit
rating on Pacific Drilling S.A. to 'CCC-' from 'CCC+'.  "The
downgrade reflects our expectation of limited activity in deep-
water offshore drilling due to continued low oil prices, and the
negative impact on Pacific Drilling's expected cash flows to
support high debt levels and upcoming maturities," said S&P Global
Ratings credit analyst Michael Tsai.


PARAGON OFFSHORE: Committee Taps Paul Weiss as Legal Counsel
------------------------------------------------------------
The official committee of unsecured creditors of Paragon Offshore
plc seeks approval from the U.S. Bankruptcy Court in Delaware to
hire legal counsel.

The committee proposes to hire Paul, Weiss, Rifkind, Wharton &
Garrison LLP to give legal advice regarding its duties under the
Bankruptcy Code, assist in its consultations with the Debtor, give
advice on matters related to any proposed asset sale or bankruptcy
plan, and provide other legal services.

The hourly rates charged by the firm are:

     Partners          $1,045 - $1,395
     Counsel             $995 - $1,040
     Associates            $580 - $970
     Paraprofessionals     $100 - $335

The firm's attorneys who will have primary responsibility for
representing the committee and their hourly rates are:

     Andrew Rosenberg     $1,395
     Brian Hermann        $1,345
     Sam Lovett             $970
     Kellie Cairns          $935
     Jeanne John            $740

Brian Hermann, Esq., disclosed in a court filing that his firm does
not represent any adverse interest in connection with the Debtor's
bankruptcy case.

In accordance with Appendix B-Guidelines for reviewing fee
applications filed by attorneys in larger Chapter 11 cases, Mr.
Hermann disclosed that his firm has not agreed to any variations
from or alternatives to its customary billing arrangements in
connection with its employment.

Mr. Hermann also disclosed that Paul Weiss did not represent the
committee in the 12 months prior to the bankruptcy filing, and that
both expect to develop a prospective budget and staffing plan to
comply with the U.S. trustee's requests for additional information.


Paul Weiss can be reached through:

     Brian Hermann, Esq.
     Paul, Weiss, Rifkind Wharton & Garrison LLP
     1285 Avenue of the Americas
     New York, NY 10019-6064
     Tel: 212-373-3000
     Fax: 212-757-3990

                      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
Dec. 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.

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

On Jan. 27, 2017, the Office of the U.S. Trustee appointed an
official committee of unsecured creditors.  Paul, Weiss, Rifkind,
Wharton & Garrison LLP serves as main counsel to the Committee and
Young Conaway Stargatt & Taylor, LLP acts as co-counsel.


PARAGON OFFSHORE: Committee Taps Young Conaway as Co-Counsel
------------------------------------------------------------
The official committee of unsecured creditors of Paragon Offshore
plc seeks approval from the U.S. Bankruptcy Court for the District
of Delaware to hire Young Conaway Stargatt & Taylor, LLP.

Young Conaway will serve as co-counsel with Paul, Weiss, Rifkind,
Wharton & Garrison LLP, the firm tapped by the committee to be its
lead counsel.

The firm's attorneys and paralegal who will have primary
responsibility for representing the committee and their hourly
rates are:

     Pauline Morgan          $890
     Joel Waite              $890
     Jaime Luton Chapman     $540
     Elizabeth Justison      $400
     Michael Girello         $270

Pauline Morgan, Esq., disclosed in a court filing that her firm
does not represent any adverse interest in connection with the
Debtor's bankruptcy case.

In accordance with Appendix B-Guidelines for reviewing fee
applications filed by attorneys in larger Chapter 11 cases, Ms.
Morgan disclosed that her firm has not agreed to a variation of its
customary billing arrangements in connection with its employment.

Ms. Morgan also disclosed that Young Conaway did not represent the
committee in the 12 months prior to the bankruptcy filing, and that
the committee "has approved or will be approving" a prospective
budget and staffing plan for its employment.

Young Conaway can be reached through:

     Pauline K. Morgan, Esq.
     Young Conaway Stargatt & Taylor, LLP
     Rodney Square
     1000 North King Street
     Wilmington, DE 19801
     Phone: 302-571-6600
     Fax: 302-571-1253

                      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
Dec. 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.

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

On Jan. 27, 2017, the Office of the U.S. Trustee appointed an
official committee of unsecured creditors.  Paul, Weiss, Rifkind,
Wharton & Garrison LLP serves as main counsel to the Committee and
Young Conaway Stargatt & Taylor, LLP acts as co-counsel.


PERFORMANCE SPORTS: Sale Closing Date Extended to Feb. 27
---------------------------------------------------------
Performance Sports Group Ltd., a developer and manufacturer of high
performance sports equipment and apparel, on Feb. 22, 2017,
disclosed that after consideration and consultation with its
professional advisors and Sagard Holdings Inc. and Fairfax
Financial Holdings Limited, the Company has agreed to extend the
closing date to February 27, 2017 for the sale of substantially all
of the assets of the Company and its North American subsidiaries.
The terms of the "stalking horse" asset purchase agreement permit
the parties to select an alternate closing date from the previously
announced closing date of February 23, 2017, and the parties
determined to do so in this instance.  Closing of the sale
transaction remains subject to the receipt of applicable regulatory
approvals and the satisfaction or waiver of other customary closing
conditions.

In anticipation of closing the sale transaction, Performance Sports
Group completed a court approved pre-closing corporate
reorganization, comprising various steps.  These steps included the
continuance of certain of its subsidiaries from the Canada Business
Corporations Act into the Business Corporations Act (British
Columbia) (the "BCBCA"), the amalgamation of the Company with the
subsidiaries continued under the BCBCA, as well as the repayment of
certain intercompany indebtedness and related transactions.

MCTO Bi-Weekly Regulatory Update

In addition, the Company is providing a bi-weekly status update in
accordance with its obligations under the alternative information
guidelines set out in National Policy 12-203 - Cease Trade Orders
for Continuous Disclosure Defaults ("NP 12-203").  As previously
announced, the Company is subject to a management cease trade order
issued by the Ontario Securities Commission, the Company's
principal regulator in Canada, in connection with the delayed
filing of its Annual Report on Form 10-K, including its annual
audited financial statements for the fiscal year ended May 31, 2016
and the related management's discussion and analysis (collectively,
the "Annual Filings"), and the Company advises that (i) there have
been no material changes to the information relating to the delayed
filing of its Annual Filings, (ii) it intends to continue to comply
with the alternative information guidelines of NP 12-203; (iii)
except as previously disclosed, there are no subsequent specified
defaults (actual or anticipated) within the meaning of NP 12-203;
and (iv) there is no other material information concerning the
Company and its affairs that has not been generally disclosed as of
the date of this press release.

                   About Performance Sports

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

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

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

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

Ernst & Young Inc., serves as monitor to the Company in the
Canadian Proceedings.

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

Andrew R. Vara, Acting U.S. Trustee for Region 3, has appointed
three creditors of BPS US Holdings, Inc., parent of Performance
Sports, to serve on the official committee of unsecured creditors.

The Creditors' Committee retained by Blank Rome LLP as counsel,
Cassels Brock & Blackwell LLP as Canadian co-counsel, and Province
Inc. as financial advisor.

The U.S. Trustee also has appointed a official committee of equity
security holders.  The equity committee is represented by Natalie
D. Ramsey, Esq., and Mark A. Fink, Esq., at Montgomery, McCracken,
Walker & Rhoads, LLP; and Robert J. Stark, Esq., Steven B. Levine,
Esq., James W. Stoll, Esq., and Andrew M. Carty, Esq., at Brown
Rudnick LLP.


PERFORMANT BUSINESS: Moody's Cuts Corporate Family Rating to Caa1
-----------------------------------------------------------------
Moody's Investors Service downgraded Performant Business Services,
Inc.'s Corporate Family Rating ("CFR") to Caa1, from B3; its
Probability of Default rating to Caa2-PD, from Caa1-PD; and its
senior secured debt rating to Caa1, from B3. Additionally, Moody's
downgraded Performant's Speculative Grade Liquidity rating to
SGL-4, from SGL-3. The ratings outlook has been changed to stable,
from negative.

Downgrades:

Issuer: Performant Business Services, Inc.

-- Corporate Family Rating, Downgraded to Caa1, from B3

-- Senior Secured Bank Credit Facilities, maturing 2017, 2018,
Downgraded to Caa1 (LGD3), from B3 (LGD3)

-- Probability of Default Rating, Downgraded to Caa2-PD, from
Caa1-PD

Speculative Grade Liquidity Rating, Downgraded to SGL-4, from
SGL-3

Outlook, Changed to Stable, from Negative

RATINGS RATIONALE

The downgrade of the CFR to Caa1 from B3 reflects weakening
operating performance which increases refinancing risk related to
the March 2018 maturity of roughly $50 million of term loan debt.
Performant's liquidity will likely be strained over the next year
given the unanticipated failure of the Department of Education
("DoE") to renew its contract with Performant and the early 2018
term loan maturity. Moody's expects revenue contributions from the
core student loan segment, which recovers monies from defaulted
student loans on behalf of the DoE and guaranty agencies, will
shrink by about 20% in 2017, given the absence of a renewed DoE
contract and shrinking business from guaranty agencies, which since
2010 no longer originate student loans. A modest amount of
operating stability will be provided by Performant's remaining
businesses, consisting of audit and recovery services for the
Centers for Medicaid and Medicare Services ("CMS"), commercial
health insurers, and Federal and state taxation bodies.

While Moody's expects overall revenues to decline this year by less
than 10%, to about $130 million, expenses incurred for ramping up
new CMS and IRS contracts awarded in late 2016, as well as the
diminishment of high-margin DoE revenues, will cut meaningfully
into EBITDA. Given the company's small operating scale, these
factors have an outsized impact on absolute profits, and as such
Moody's expects debt-to-EBITDA leverage could be as high as 4.5 to
5.0 times upon the March 2018 debt maturity, or more than double
where Moody's estimates the measure stood at the end of 2016.
However, Performant's net leverage measure is much more favorable
than gross leverage, given the company's significant cash balances.
Additionally, new CMS and IRS contracts represent near-term
stressors, but could be significant profit contributors in later
years.

The SGL-4 speculative grade liquidity rating reflects a weak
liquidity profile. While Performant had $56 million of cash at
September 30, 2016, Moody's expects free cash flow in 2017 to be
breakeven to minimally positive. The cash balance includes $7.5
million of restricted cash, which at the agent bank's discretion
can be used either for debt repayment or for supporting contract
ramp-up expenses. Performant's $11 million revolving credit
facility (undrawn) expires March 31, 2017. Absent a refinancing,
the company is unlikely to have sufficient funds to repay the
roughly $50 million term loan at the March 2018 maturity date.

The stable ratings outlook reflects Moody's expectation for
declining EBITDA and breakeven free cash flow over the next year. A
ratings upgrade could occur if Performant's debt is refinanced
successfully in 2017 in a manner that results in a sustainable
capital structure and if Moody's expects improving cash flow and
profitability in 2018. Ratings could be downgraded if the company
fails to refinance the term loan in 2017, if liquidity
deteriorates, or if Moody's expects that the falloff in student
loan revenues will not reverse itself.

Performant Business Services, Inc. (Performant), a wholly-owned
subsidiary of publicly traded Performant Financial Corporation
(PFMT; Nasdaq), is a provider of audit and recovery services for
organizations in the public and private sectors. More than two
thirds of expected 2017 revenues of $130 million are derived from
the recovery and restructuring of defaulted student loans, while
fees from healthcare payment collections, primarily on behalf of
the CMS, and delinquent-tax collections constitute the balance of
revenues. Management and affiliates of private equity investor
Parthenon Capital Partners continue to own a substantial stake in
Performant, although Parthenon has been divesting its ownership,
which currently stands at about 27%.

The principal methodology used in these ratings was Business and
Consumer Service Industry published in October 2016.



PERSISTENCE PARTNERS: Mach MG Seeks Ch. 11 Trustee, Case Dismissal
------------------------------------------------------------------
Mach MG, LLC, asks the U.S. Bankruptcy Court for the District of
Connecticut to enter an order directing the appointment of a
Chapter 11 Trustee for Persistence Partners IV LLC, or, in the
alternative, dismiss the Chapter 11 bankruptcy case.

The Motion seeks the appointment of a Chapter 11 Trustee based upon
the inherent conflict of interest of the Debtor's current
management, or, in the alternative, the dismissal of the Chapter 11
case for lack of good faith.

Mach MG is the largest arm's-length Creditor of the Debtor's
estate.  The Movant asserts that the Chapter 11 Trustee should be
appointed to independently control and evaluate the Fee Sharing
Agreement Litigation and make any related determination. In the
alternative, the Movant seeks for the dismissal of the case due to
a bad faith filing based upon the factors set by the Second Circuit
in C-TC 9th Avenue Partnership.

The Movant is represented by:

         Craig I. Lifland
         HALLORAN & SAGE LLP
         225 Asylum Street
         Hartford, CT 06103
         Tel.: 860-522-6103
         Fax: 860-548-0006
         Email: lifland@halloransage.com

              About Persistence Partners

Persistence Partners IV LLC filed Chapter 11 bankruptcy petition
(Bankr. Conn. Case No. 16-51161) on August 30, 2016. Joseph P.
Beninati signed the petition as manager.  Carl T. Gulliver, Esq.,
at Coan Lewendon Gulliver & Miltenberger LLC serves as the Debtors'
counsel.

Persistence Partners estimated assets in the range of $10 million
to $50 million and estimated debts in the range of $500,000 to $1
million.


PHOENIX MANUFACTURING: Has Until July 1 to Confirm Chapter 11 Plan
------------------------------------------------------------------
Judge Eddward P. Ballinger Jr. of the U.S. Bankruptcy Court for the
District of Arizona extended the exclusive deadline for Phoenix
Manufacturing Partners, LLC and its affiliated Debtors to confirm
their Chapter 11 Plan is extended to July 1, 2017.

              About Phoenix Manufacturing Partners

Phoenix Manufacturing Partners LLC sought protection under Chapter
11 of the Bankruptcy Code (Bankr. D. Ariz. Case No. 16-04898) on
May 3, 2016.  Its affiliates Joined Alloys, LLC, and DLS Precision
Fab, LLC, filed for Chapter 11 protection (Case Nos. 16-06107 and
16-06109) on May 27, 2016. The petitions were signed by Joe Yockey,
president & managing member.  The cases are jointly administered
under Case No. 16-04898 and are assigned to Judge Edward P.
Ballinger, Jr.

Bradley J. Stevens, Esq., at Jennings, Strouss & Salmon, P.L.C., A
Professional Limited Liability Company, serves as the Debtors'
bankruptcy counsel. The Debtors hire Joshua P. Hayes of Eide
Bailly, LLP as accountants, and Cunningham & Associates as
appraiser.

DLS Precision Fab, LLC, d/b/a Di-Matrix Precision Manufacturing,
employs Donald P. Johnsen, Esq. at Gallagher & Kennedy, P.A. as
special counsel.

Phoenix Manufacturing estimated assets of less than $50,000 and
debts of $10 million to $50 million.

Joined Alloys and DLS Precision estimated both assets and
liabilities in the range of $1 million to $10 million.

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


PIONEER ROOFING: Burke & Herbert Bank Tries to Block Disclosures OK
-------------------------------------------------------------------
Burke & Herbert Bank & Trust Company filed with the U.S. Bankruptcy
Court for the Eastern District of Virginia an objection to Pioneer
Roofing Systems, Inc.'s amended disclosure statement, referring to
the Debtor's plan of reorganization.

B&H states and avers that the Disclosure Statement filed by the
Debtor does not contain adequate information, fails to provide
proper classification of claims and interests, and fails to provide
for proper treatment of claims and interests.

The Disclosure Statement, B&H says, is defective, in that, it
contains incomplete, inadequate and potentially misleading
information regarding the Debtor and its business operations, and
additionally suffers from material omissions that a typical
investor would require in making a reasonable determination
regarding the Debtor's proposed Plan.  The Disclosure Statement
further fails to provide for proper classification of claims and
interests.

B&H claims that:

     a. the Disclosure Statement is inaccurate or incomplete with
        respect to its description and classification of claims
        asserted by B&H;

     b. the Disclosure Statement fails to provide adequate
        information from which B&H can reasonably determine the
        nature and extent of proposed treatment of its claims
        under the Plan;

     c. the Disclosure Statement is further defective because it
        fails to identify and clarify provisions contained in the
        Plan for discharge and injunctions that appear to affect
        rights of creditors (including B&H);

     d. the Court's orders entered with respect to the Debtor's
        continued use of cash collateral of B&H provided for
        replacement liens in the form of liens against the
        Debtor's vehicle inventory for any diminution in value of
        collateral as valued at hearing before the Court on Nov.
        10, 2015.  The order permitting use of cash collateral and

        providing for replacement liens was entered by the Court
        on Nov. 24, 2015.  The Disclosure Statement fails to
        identify the granting of replacement liens and fails
        further to provide for a current value of collateral in
        order to determine and define rights of B&H as to
        replacement liens.  Again, information is simply lacking
        to properly identify the rights and interests of B&H, and
        to define the consequences of those rights as to post-
        confirmation liens and payments;

     e. the reorganization budget contains numerous errors which
        render the Disclosure Statement confusing at best.  The
        Reorganization Budget contains an incorrect and
        insufficient annual payment amount for ongoing debt
        service of B&H Class 5 claims as identified in the
        Disclosure Statement.  More importantly, the
        Reorganization Budget contains provisions for annual debt
        service of $156,000 per year to B&H for the full five-year

        term of the Plan notwithstanding that payoff of B&H claims

        is apparently anticipated by an earlier sale of non-debtor

        collateral.

A copy of the Objection is available at:

             http://bankrupt.com/misc/vaeb15-13518-194.pdf
     
B&H is represented by:

        Kevin M. O'Donnell, Esq.
        Bruce W. Henry, Esq.
        HENRY & O'DONNELL, P.C.
        300 N. Washington Street, Suite 204
        Alexandria, Virginia 22314
        Tel: (703) 548-2100
        Fax: (703) 548-2105
        E-mail: kmo@henrylaw.com
                bwh@henrylaw.com

As reported by the Troubled Company Reporter on Feb. 21, 2017, the
Debtor filed with the Court an amended disclosure statement
explaining its plan of reorganization, wherein Class 6 under the
plan consists of general unsecured Allowed Claims against the
Estate with the exception of insider claims.  The holders of Class
6 claims will be paid with income that remains after the
satisfaction of the holders of Allowed Claims in Classes 1 through
5.  Class 6 claims will be paid at the rate of at least 5%.

                About Pioneer Roofing Systems

Pioneer Roofing Systems, Inc., a Virginia corporation, sells and
installs roofing systems in the Mid-Atlantic Region.  Stephen R.
Wann, president and 100% shareholder, has operated the Debtor for
the last 35 years.  The Debtor's office is located at 7211-C
Telegraph Square Drive, Lorton, Virginia.

The Debtor sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. E. D. Va. Case No. 15-13518) on Oct. 8, 2015.  The
petition was signed by Stephen R. Wann, president.  The case is
assigned to Judge Brian F. Kenney.

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


PLATINUM RESOURCES: CuMoCo Provides Notice of Default
-----------------------------------------------------
American CuMo Mining Corporation (MLY)("CuMoCo" or the "Company")
on Feb. 24, 2017, disclosed that Platinum Resources International
Limited ("PRI") did not contribute the sum of US$10,000,000 as
required within 90 days of the effective date of the Limited
Liability Agreement of Poly Resources LLC ("Poly") with the
Company's wholly-owned subsidiary, Idaho CuMo Mining Corporation
("Idaho CuMo").

As such, Idaho CuMo has provided written notice to PRI of such
failure to contribute the US$10,000,000, and as a result, PRI is
deemed to have resigned as a member of Poly and has lost its right
to earn an interest in Poly, which holds an option to purchase the
Calida Mine gold property in Idaho and the right to purchase up to
20% of Idaho CuMo's shares (please refer to the Company's news
release of November 21, 2016).  Idaho CuMo remains the sole member
of Poly.

PRI had requested an extension of the due date for the payment of
the US$10,000,000 and had also proposed alternative financing
terms, but CuMoCo's management and Board of Directors decided not
to proceed further with the intended financing transaction with
PRI.  Instead, the Company has engaged in discussions and
negotiations with another third party with a view to entering a
strategic financial relationship with such third party.  The
Company expects to announce such alternative financing transaction
shortly.

                       About CuMoCo

CuMoCo (otc pink:MLYCF) -- http://www.cumoco.com-- is focused on
advancing its CuMo Project towards feasibility and establishing
itself as one of the largest and lowest-cost molybdenum producers
in the world as well as a significant producer of copper and
silver.  CuMoCo also intends to advance its newly-acquired Calida
Gold Project.  Management is continuing to build an even stronger
foundation from which to move the Company and its projects forward.


PUERTO RICO: Governor Says 5 Years Needed to Fix Budget
-------------------------------------------------------
William Selway and Kasia Klimasinska, writing for Bloomberg News,
reported that Ricardo Rossello, governor of Puerto Rico, said the
island's government needs as long as five years to close a more
than $7 billion budget shortfall, saying the deep spending cuts
envisioned by the island's federal overseers would deal a
devastating blow to an already sputtering economy.

According to Bloomberg, the governor's comments, made in an
interview in Washington, signal a potential rift with the U.S.
oversight board that was given broad power over Puerto Rico's
finances after it defaulted on a growing share of its $70 billion
of debt.  With his administration preparing to submit fiscal plans
to the board, he estimated it will take three to five years to
erase the government's chronic deficits, compared with the two-year
time frame initially proposed by the board, the report related.

"You could do it in two years, but the net effect would be a
devastating blow on the economy, social unrest and a devastating
blow, quite frankly, on revenues," the governor said in the
interview, according to Bloomberg.  "We're saying, let's get some
runway so the public policy we've designed can get executed."

Mr. Rossello said the island's negotiations with bondholders won't
get underway in earnest until the board backs his fiscal blueprint,
which may happen by the middle of March, the report related.  If
it's approved, the governor said he'll move aggressively to secure
a voluntary agreement with creditors to cut what it owes, the
report further related.  A temporary stay that has sheltered the
island from bondholder lawsuits is set to lapse in May, the report
said.

Since taking office in January, Mr. Rossello has also sought to
revisit the debt-restructuring deal that the Puerto Rico Electric
Power Authority, the government utility, struck more than a year
ago, the report added.


REES ASSOCIATES: Case Summary & 20 Largest Unsecured Creditors
--------------------------------------------------------------
Debtor: Rees Associates, Inc.
        P.O. Box 831
        Des Moines, IA 50304-0831

Case No.: 17-00273

Chapter 11 Petition Date: February 27, 2017

Court: United States Bankruptcy Court
       Southern District of Iowa (Des Moines)

Debtor's Counsel: Jeffrey D Goetz, Esq.
                  BRADSHAW, FOWLER, PROCTOR & FAIRGRAVE PC
                  801 Grand Ave, Suite 3700
                  Des Moines, IA 50309-8004
                  Tel: (515) 246-5817
                  Fax: (515) 246-5808
                  Email: goetz.jeffrey@bradshawlaw.com

Total Assets: $6.43 million

Total Liabilities: $3.58 million

The petition was signed by Stephen D. Lundstrom, president.

A copy of the Debtor's list of 20 largest unsecured creditors is
available for free at http://bankrupt.com/misc/iasb17-00273.pdf


RENNOVA HEALTH: Effects 1-for-30 Reverse Stock Split
----------------------------------------------------
Rennova Health, Inc. filed an amendment to its Certificate of
Incorporation in order to effect a 1-for-30 reverse stock split of
the Company's shares of common stock effective on Feb. 22, 2017.

As previously announced, on Dec. 22, 2016, the stockholders of the
Company approved an amendment to the Company's Certificate of
Incorporation to effect a reverse split of all of the Company's
shares of common stock at a specific ratio within a range from
1-for-10 to 1-for-30, and granted authorization to the Board of
Directors to determine in its discretion the specific ratio and
timing of the reverse split prior to Dec. 31, 2017.  The Board
approved the specific ratio and timing on Feb. 7, 2017.

As a result of the reverse stock split, every 30 shares of the
Company's pre-reverse split common stock have been combined and
reclassified into one share of the Company's common stock.
Proportionate voting rights and other rights of common stockholders
were not affected by the reverse stock split, other than as a
result of the rounding up of fractional shares. Stockholders who
would otherwise hold a fractional share of common stock will
receive an increase to their common stock as the common stock will
be rounded up to a full share.  No fractional shares will be issued
in connection with the reverse stock split.

The reverse stock split became effective at 5:00 pm, Eastern Time,
on Feb. 22, 2017, and the Company's common stock continued to trade
on the NASDAQ Capital Market on a post-split basis at the open of
business on Feb. 23, 2017.  The Company's post-reverse split common
stock has a new CUSIP number: 759757602, but the par value and
other terms of the common stock will not be affected by the reverse
stock split.

All outstanding preferred shares, stock options, warrants and
equity incentive plans immediately prior to the reverse stock split
have been appropriately adjusted by dividing the number of shares
of common stock into which the preferred shares, stock options,
warrants and equity incentive plans are exercisable or convertible
by 30 and multiplying the exercise or conversion price by 30, as a
result of the reverse stock split.

The Company's transfer agent, Computershare Inc., is acting as
exchange agent for the reverse stock split and will send
instructions to stockholders of record regarding the exchange of
certificates for common stock.

                          About Rennova

Rennova Health, Inc., is a vertically integrated provider of a
suite of healthcare related products and services.  Its principal
lines of business are diagnostic laboratory services, and
supportive software solutions and decision support and informatics
operations services.

The Company reported a net loss attributable to the Company's
common shareholders of $36.4 million for the year ended Dec. 31,
2015, following net income attributable to the Company's common
shareholders of $2.81 million for the year ended Dec. 31, 2014.

As of Sept. 30, 2016, Rennova Health had $10.19 million in total
assets, $20.23 million in total liabilities and a total
stockholders' deficit of $10.03 million.

The Company said in its annual report for the year ended Dec. 31,
2015, that "Although our financial statements have been prepared on
a going concern basis, we have recently accumulated significant
losses and have negative cash flows from operations, which raise
substantial doubt about our ability to continue as a going
concern.

"If we are unable to improve our liquidity position we may not be
able to continue as a going concern.  The accompanying consolidated
financial statements do not include any adjustments that might
result if we are unable to continue as a going concern and,
therefore, be required to realize our assets and discharge our
liabilities other than in the normal course of business which could
cause investors to suffer the loss of all or a substantial portion
of their investment."


RESIDENTIAL CAPITAL: Plan Injunction Bars Homeowner's Claims
------------------------------------------------------------
In the case captioned MARILYN LAWRENCE, Appellant, v. RESCAP
LIQUIDATING TRUST, Appellee, No. 6-CV-4273 (RA) (S.D.N.Y.), Judge
Ronnie Abrams of the United States District Court for the Southern
District of New York affirmed the bankruptcy court's May 26, 2016,
order which granted ResCap Liquidating Trust's Omnibus Motion to
Enforce Injunctive Provisions of Plan and Confirmation Order.

On February 16, 2012, Marilyn Lawrence filed a civil action in the
Central District of California against one of the debtors,
Executive Trustee Services, LLC (ETS), and several other
defendants.  The California action arose out of the foreclosure of
a property owned by Lawrence that was located at 5851 Seventh
Avenue, Los Angeles, California.  In the complaint, summons, and
civil cover sheet, Lawrence provided the Seventh Avenue address as
her address.

ETS and the other debtors filed for bankruptcy on May 14, 2012.  On
or before June 4, 2012, Kurtzman Carson Consultants LLC (KCC), the
debtors' claims and noticing agent, served a Notice of Chapter 11
Bankruptcy Cases, Meeting of Creditors, and Deadlines on Lawrence
by first class mail at the Seventh Avenue address.

On July 24, 2012, Lawrence filed an amended complaint in the
California action that listed a different address: 5362 West
Olympic Boulevard, Apartment 1, Los Angeles, California.  Lawrence
did not, however, send a notice of change of address to KCC.

On or before September 7, 2012, KCC served Lawrence with a Notice
of Deadlines for Filing Proofs of Claim by first class mail at the
Seventh Avenue address.  Lawrence did not file a proof of claim on
or before the extended bar date.

On December 11, 2013, the Bankruptcy Court confirmed the Second
Amended Joint Chapter 11 Plan proposed by Residential Capital, LLC,
et al. and the Official Committee of Unsecured Creditors.  Proofs
of claim that were not timely filed were deemed expunged as of the
effective date on December 17, 2013.

On June 30, 2015, the Trust wrote to Lawrence at the West Olympic
Boulevard address, warning her that if she failed to dismiss her
lawsuit against ETS, the Trust would seek a court order requiring
her to do so.   In August 2015, Lawrence submitted proofs of claim,
which were automatically expunged as untimely pursuant to the terms
of the Plan.  

On January 8, 2016, the Trust filed a motion seeking to enforce the
injunctive provisions of the Plan against Lawrence and other
creditors.  Lawrence filed objections to the motion on February 1,
2016, arguing that her claims should not have been released by the
Plan because she did not receive any notice of the bar date prior
to the Trust's June 30, 2015 letter.  On May 26, 2016, the
Bankruptcy Court issued an order overruling Lawrence's objections
on the merits.  Lawrence timely appealed on June 8, 2016.

Judge Abrams found no error with the Bankruptcy Court's order.  The
judge concluded that the notice to Lawrence was legally adequate,
as KCC had mailed the commencement notice and the bar date notice
to the address that Lawrence herself provided in her complaint, as
well as in the accompanying summons and civil cover sheet.

A full-text copy of Judge Abrams' January 23, 2017 opinion and
order is available at https://is.gd/09oGht from Leagle.com.

ResCap Borrower Claims Trust is represented by:

          Jordan Aaron Wishnew, Esq.
          Norman S. Rosenbaum, Esq.
          MORRISON & FOERSTER LLP
          250 West 55th Street
          New York, NY 10019-9601
          Tel: (212)468-8000
          Fax: (212)468-7900
          Email: jwishnew@mofo.com
                 nrosenbaum@mofo.com

                     About Residential Capital

Residential Capital LLC, the unprofitable mortgage subsidiary of
Ally Financial Inc., filed for bankruptcy protection (Bankr.
S.D.N.Y. Lead Case No. 12-12020) on May 14, 2012.  Neither Ally
Financial nor Ally Bank is included in the bankruptcy filings.

ResCap, one of the country's largest mortgage originators and
servicers, was sent to Chapter 11 with 50 subsidiaries amid
"continuing industry challenges, rising litigation costs and
claims, and regulatory uncertainty," according to a company
statement.

ResCap disclosed $15.7 billion in assets and $15.3 billion in
liabilities at March 31, 2012.

Centerview Partners LLC and FTI Consulting are acting as financial
advisers to ResCap.  Morrison & Foerster LLP is acting as legal
adviser to ResCap.  Curtis, Mallet-Prevost, Colt & Mosle LLP is
the conflicts counsel.  Rubenstein Associates, Inc., is the public
relations consultants to the Company in the Chapter 11 case.
Morrison Cohen LLP is advising ResCap's independent directors.
Kurtzman Carson Consultants LLP is the claims and notice agent.

Ray C. Schrock, Esq., at Kirkland & Ellis LLP, in New York, serves
as counsel to Ally Financial.

ResCap sold most of the businesses for a combined $4.5 billion.

The Bankruptcy Court in November 2012 approved ResCap's sale of
its mortgage servicing and origination platform assets to Ocwen
Loan Servicing, LLC and Walter Investment Management Corporation
for $3 billion; and its portfolio of roughly 50,000 whole loans to
Berkshire Hathaway for $1.5 billion.

Judge Martin Glenn in December 2013 confirmed the Joint Chapter 11
Plan co-proposed by Residential Capital and the Official Committee
of Unsecured Creditors.

                      *     *     *

The ResCap Liquidating Trust was established in December 2013 under
the Second Amended Joint Chapter 11 Plan of Residential Capital,
LLC, et al., to liquidate and distribute assets of the debtors in
the ResCap bankruptcy case.  The Trust maintains a website at
www.rescapliquidatingtrust.com, which Unitholders are urged to
consult, where Unitholders may obtain information concerning the
Trust, including current developments.


ROLLOFFS HAWAII: Trustee Taps Char Sakamoto as Special Counsel
--------------------------------------------------------------
The Chapter 11 trustee for Rolloffs Hawaii, LLC seeks approval from
the U.S. Bankruptcy Court for the District of Hawaii to hire Char
Sakamoto Ishii Lum & Ching as special counsel.

The firm will give legal advice and assist the Trustee in
terminating the Debtor's 401K plan and other employee benefit
plans.

Char Sakamoto does not hold or represent any interest adverse to
the Debtor's bankruptcy estate, according to court filings.

The firm can be reached through:

     Ronald R. Sakamoto, Esq.
     Davies Pacific Center
     841 Bishop Street, Suite 850
     Honolulu, HI 96813
     Phone: (808) 522-5133
     Fax: (808) 522-5144

                       About Rolloffs Hawaii

Rolloffs Hawaii, LLC, owns and operates a refuse collection and
trash disposal business in the State of Hawaii.

Rolloffs Hawaii filed a chapter 11 petition (Bankr D. Hawaii Case
No. 16-01294) on Dec. 9, 2016.  In its petition, the Debtor
estimated $1 million to $10 million in both assets and liabilities.
The Debtor tapped Jerrold K. Guben, Esq. and Jeffrey S. Flores,
Esq., at O'Connor Playdon & Guben LLP, as counsel; and Lincoln
International LLC as investment banker.

On Jan. 17, 2017, the Court appointed Dane S. Field as the Chapter
11 trustee for the Debtor.  The Chapter 11 Trustee engaged
Klevansky Piper, LLP, as counsel, and KMH LLP as accounting and
financial consultant.


SABINE PASS: Moody's Assigns Ba1 Rating to $1.35BB Secured Notes
----------------------------------------------------------------
Moody's Investors Service assigned a Ba1 rating to Sabine Pass
Liquefaction, LLC's (SPL) new $1.35 billion senior secured notes.
Concurrent with this rating assignment, Moody's affirmed SPL's Ba1
rating on its existing $12.3 billion of senior secured bonds. SPL's
rating outlook is positive.

The net bond proceeds from the offering are expected to fund a
portion of SPL's remaining construction and financing costs.
Completion of the bond offering will trigger a termination of the
remaining commitment under SPL's 2015 bank credit facility that has
been used to fund a portion of construction costs. The termination
of the credit facility eliminates fairly restrictive conditionality
for, among other things, the payment of dividends by SPL to its
parent Cheniere Energy Partners, L.P. (CQP: not rated). Dividend
restrictions under SPL's remaining financing documents are less
restrictive and Moody's expectations is that SPL will make
distributions to CQP in each of 2017, 2018 and 2019 after funding
remaining construction and financing costs with proceeds from the
bond offering and operating cash flow.

RATING RATIONALE

The Ba1 rating acknowledges SPL's transition to an operating, fully
integrated cash flow producing asset with investment grade
characteristics. Revenues derived from 20-year contracts with
financially sound off-takers are the basis for SPL's credit
profile. Contracted revenues are expected to grow meaningfully by
2020 when all five of SPL's trains are operational and generate key
financial metrics considered appropriate for an investment grade
rating.

Milestones achieved to date include the start of commercial
operation of SPL's first two trains, the commencement of
commissioning activities at a third train and the effectiveness of
a Sale and Purchase Agreement with an affiliate of BG Energy
Holdings, LTD (BG: not rated), an indirect subsidiary of Royal
Dutch Shell Plc (Aa2, negative). Incremental milestones anticipated
over the near term include commercial operation of SPL's third
train (anticipated during the first quarter) and the effectiveness
of SPA's with Korea Gas Corporation (Aa2, stable) and an affiliate
of Gas Natural SDG, S.A (Baa2, stable) in the second and third
quarters of 2017, respectively.

Reaching commercial operations for Train 3 will be a significant
milestone as it will provide an additional source of operating cash
flow for funding the remaining construction and financing costs
through 2019 needed to complete all five trains. SPL's Train 4 is
anticipated to achieve commercial operation later in 2017 followed
by Train 5 in 2019.

The positive outlook reflects anticipated further improvement in
SPL's credit profile resulting from continued construction and
operational progress at the project. An upgrade to an investment
grade rating appears likely should SPL meet key milestones,
including commercial operation of Train 3 and continued
construction progress on Trains 4 and 5, while demonstrating the
ability to successfully manage the numerous transition issues,
including fuel procurement, as operations become larger and more
complex.

The principal methodology used in these ratings was Generic Project
Finance Methodology published in December 2010.


SANDERS NURSERY: Wants Plan Exclusivity Amid Issues With BFN
------------------------------------------------------------
Sanders Nursery & Distribution Center, Inc. requests the U.S.
Bankruptcy Court for the Eastern District of Oklahoma to extend the
exclusive period for obtaining acceptance to its plan, from
February 27, 2017 to and including April 11, 2017.

The Debtor has already filed its chapter 11 Plan of Reorganization
and Disclosure Statement on April 1, 2016 and filed its First
Amended Chapter 11 Plan of Reorganization and Disclosure Statement
on May 23, 2016.  Consequently, the Court approve a modified
version of the Disclosure Statement, and set a confirmation hearing
for August 24, 2016 and establishing related deadlines.  The Court
established July 22, 2016 as the voting deadline and August 8, 2016
as the deadline for filing objections to confirmation of the Plan.

The Debtor relate that all ballots received were cast in favor of
the Plan, with the exception of the ballots of BFN Operations, LLC.
The BFN Operations' Objection seeks, among other things, authority
to propose a competing chapter 11 plan that liquidates the assets
of the company.  Accordingly, an evidentiary confirmation hearing
was scheduled for Feb. 13, 2017, but has been continued to March
28, 2017, in relation to the Debtor's modifications to the Plan.

Although the Plan enjoys broad creditor support, including
Committee support, and the Debtor is hopeful that its Plan
modifications will facilitate a global settlement, however, the
Debtor will be prepared to present evidence and argument in support
of its modified Plan at the confirmation hearing on March 28 if a
settlement is not reached.

               About Sanders Nursery & Distribution Center

Headquartered in Tahlequah, Oklahoma, Sanders Nursery &
Distribution Center, Inc., filed for Chapter 11 bankruptcy
protection (Bankr. E.D. Okla. Case No. 15-81312) on Dec. 4, 2015.
The petition was signed by Burl Berry, vice president.  Judge Tom
R. Cornish presides over the case.  The Debtor estimated its assets
and liabilities at $1 million to $10 million at the time of the
filing.  Brandon Craig Bickle, Esq., at Gable & Gotwals, P.C.,
serves as the Debtor's bankruptcy counsel.

An Official Committee of Unsecured Creditors was appointed in this
case by the Office of the United States Trustee on December 29,
2015. The Committee is represented by Mac Finlayson of Eller &
Detrich.


SCARBOROUGH & HARGETT: Court Denies Approval of Plan Outline
------------------------------------------------------------
The U.S. Bankruptcy Court for the Middle District of North Carolina
has denied approval of the amended disclosure statement for
Scarborough & Hargett Funeral Home Inc.'s amended plan of
reorganization.

The Court said that the adequacy of the Amended Disclosure
Statement is denied as moot.

The Court found and concluded that the adequacy of the Amended
Disclosure Statement be denied as the Debtor has been unable to
propose a plan of reorganization and confirm the plan within the
time limits.

As reported by the Troubled Company Reporter on Jan. 10, 2017, the
Court previously approved the Debtor's Amended Disclosure Statement
for the Debtor's amended plan of reorganization.

The Debtor filed with the Court the amended disclosure statement,
stating that under the amended plan, general unsecured creditors
will receive a distribution of 39.3% of their allowed claims, to be
paid through the issuance of a promissory note with quarterly
payments distributed over a 60-month period.

                  About Scarborough & Hargett

Scarborough & Hargett Funeral Home Inc. is a North Carolina
corporation organized in February 1958.  However, the first funeral
home was started in 1871.  In 18888, Joseph Crooms Hargett, the
father-in-law, formed a partnership with John Clarence Scarborough,
Sr., the son-in-law, as Scarborough and Hargett Undertakers.  The
company moved to Durham in 1900 and has been providing services to
African American families continuously for the past 142 years.

The Debtor sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. M.D.N.C. Case No. 16-80220) on March 11, 2016. The
petition was signed by J. C. Scarborugh III, president.  The Debtor
is represented by Florence A. Bowens, Esq.  The case is assigned to
Judge Catharine R. Aron.

The Debtor estimated assets of $50,000 to $100,000 and debts of $1
million to $10 million.

The Office of the U.S. Trustee disclosed in a court filing that no
official committee of unsecured creditors has been appointed in the
Chapter 11 case of Scarborough & Hargett Funeral Home Inc.


SEASONS PARTNERS: Case Summary & 20 Largest Unsecured Creditors
---------------------------------------------------------------
Debtor: Seasons Partners LLC
        c/o John C Smith
        6720 E Camino Principal #203
        Tucson, AZ 85715

Case No.: 17-01746

Type of Business: Single Asset Real Estate

Chapter 11 Petition Date: February 27, 2017

Court: United States Bankruptcy Court
       District of Arizona (Tucson)

Judge: Hon. Brenda Moody Whinery

Debtor's Counsel: John C Smith, Esq.
                  SMITH & SMITH LAW OFFICES, PLLC
                  6720 E Camino Principal, Ste. 203
                  Tucson, AZ 85715
                  Tel: 520-722-1605
                  Fax: 520-722-9096
                  E-mail: john@smithandsmithpllc.com

Estimated Assets: $10 million to $50 million

Estimated Debts: $10 million to $50 million

The petition was signed by Christian Pezzuto, manager of Seasons
Wetmore LLC.

List of Debtor's 20 Largest Unsecured Creditors:

   Entity                          Nature of Claim   Claim Amount
   ------                          ---------------   ------------
Arbitrage Analytics                   Payables           $3,000

Aztec Flooring                      Claim filed in      $38,528    
                       
                                    Case 09-24107

Burton J. Kinerk                    Claim filed in      $33,100
                                    Case 09-24107

City of Tucson                      Claim filed in       $5,621
                                    Case 09-24107

Climatec Building                   Claim filed in       $3,273
Technologies                        Case 09-24107

Cobra Refininshing LLC              Claim filed in         $875
                                    Case 09-24107

Conix Enterprises, Inc.                Payables         $16,173

Conix Inc                              Payables      $4,833,552
3915 E. Braodway
Blvd. #400
Tucson, AZ 85711

DDG and Associates LLC              Claim filed in      $13,794
                                    Case 09-24107

Eagle Eye Carpet Cleaning           Claim filed in       $2,260
                                    Case 09-24107

Jamie G. Lynch                      Claim filed in      $17,366
                                    Case 09-24107

JH Greenberg & Associate               Payables          $4,068

Keegan Linscott & Kenon                Payables          $8,780

Kone, Inc.                           Claim filed in      $7,519
                                     Case 09-24107

Pima County AZ                                               $0

Somera Road-                         Seasons        $13,000,000
Seasons Tucson, LLC                  Apartments 811 E
115 East 34th Street                 Wetmore, Tucson
Attention Ian Ross,                  AZ
Principal
New York, NY 10016

The Hunington                      2004 Dodge               $40
National Bank                      Ram1500 Vin
                                   endingin 3168

Variant Commercial                                      $17,671

Vicky's Cleaning Service           Claim filed in       $14,195
                                   Case 09-24107

VSS Security Services              Claim filed in       $10,394
                                   Case 09-24107


SEMLER SCIENTIFIC: Green Park Reports 6.7% Stake as of Feb. 15
--------------------------------------------------------------
In an amended Schedule 13D filed with the Securities and Exchange
Commission, these reporting persons disclosed beneficial ownership
of shares of common stock of Semler Scientific, Inc. as of
Feb. 15, 2017:

                                      Shares      Percentage
                                   Beneficially       of           
       
  Name                                 Owned        Shares
  ----                             ------------   ----------
Green Park & Golf Ventures, LLC      341,208         6.7%
Green Park & Golf Ventures II, LLC   120,000         2.3%
GPG SSF Investment, LLC              217,436         4.2%
GPG RM Investment, LLC               120,000         2.3%
Clay M. Heighten, M.D.               461,208         9.0%
Carl D. Soderstrom                   461,208         9.0%
Gilbert G. Garcia II                 120,000         2.3%

The percentage is based upon an aggregate of 5,123,568 shares of
the Issuer's common stock outstanding as of Oct. 28, 2016, as
reported in the Issuer's Quarterly Report on Form 10-Q filed on
Nov. 3, 2016.

The amendment was filed by the Reporting Persons to report (i) the
purchase on Feb. 15, 2017, of an aggregate of 120,000 shares of the
Issuer's common stock and (ii) the purchases between Dec. 4, 2015,
and March 17, 2016 of an aggregate of 23,139 shares of the Issuer's
common stock.

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

                      https://is.gd/S6O0jh

                    About Semler Scientific

Semler Scientific, Inc., provides diagnostic and testing services
to healthcare insurers and physician groups.  The Portland,
Oregon-based Company develops, manufactures and  markets
proprietary products and services that assist healthcare providers
in evaluating and treating chronic diseases.

Semler Scientific reported a net loss attributable to common
stockholders of $8.50 million on $7 million of total revenue for
the year ended Dec. 31, 2015, compared to a net loss attributable
to common stockholders of $4.51 million on $3.63 million of total
revenue for the year ended Dec. 31, 2014.

As of Sept. 30, 2016, Semler had $2.96 million in total assets,
$5.76 million in total liabilities and a total stockholders'
deficit of $2.80 million.

BDO USA, LLP, in New York, New York, issued a "going concern"
qualification on the consolidated financial statements for the year
ended Dec. 31, 2015, citing that the Company has negative working
capital, a deficit in stockholders' equity, recurring losses from
operations and expects continuing future losses that raise
substantial doubt about its ability to continue as a going concern.


SIGNAL BAY: Incurs $2.55 Million Net Loss in Fiscal 2016
--------------------------------------------------------
Signal Bay, Inc. filed with the Securities and Exchange Commission
its annual report on Form 10-K reporting a net loss of $2.55
million on $560,961 of total revenue for the year ended Sept. 30,
2016, compared with a net loss of $1.45 million on $125,199 of
total revenue for the year ended Sept. 30, 2015.

As of Sept. 30, 2016, Signal Bay had $2.18 billion in total assets,
$2.59 billion in total liabilities and a total deficit of
$407,001.

The Company had cash on hand of $57,486 as of Sept. 30, 2016,
current assets of $131,969 and current liabilities of $1,716,246
creating a working capital deficit of $1,584,277.  Current assets
consisted of cash totaling $57,486, accounts receivable of $9,483
other current assets of $40,000 and note receivable of $25,000.
Current liabilities consisted of accounts payable and accrued
liabilities of $245,816, convertible notes payable net of discounts
of $257,605, interest payable of $27,197, derivative liabilities of
$775,246, current portions of notes payable of $77,375 and current
portions of related party payables of $333,007.

The Company used $276,953 of cash in operating activities which
consisted of a net loss of $2,552,090, non-cash losses of 2,005,554
and changes in working capital of $269,583.

Net cash used in investing activities total $29,396 during the year
ended Sept. 30, 2016.  The Company acquired net cash of $9,055 in
acquisitions, paid $13,451 for the purchase of equipment and issued
a note receivable for $25,000.

During the year ended Sept. 30, 2016, the Company generated cash of
$337,869 from financing activities.  The Company received $48,000
of cash from the sale of series D preferred stock, $349,640 in cash
from convertible notes payable, net advances from loans payable of
$1,725 and made net repayments on related party notes payable of
$61,496.

MaloneBailey, LLP, in Houston, Texas, issued a "going concern"
qualification on the consolidated financial statements for the year
ended Sept. 30, 2016, citing that the Company has negative working
capital, recurring losses from operations and likely needs
financing in order to meet its financial obligations.  These
conditions raise significant doubt about the Company's ability to
continue as a going concern.

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

                      https://is.gd/gGQ4Cd

                        About Signal Bay

Signal Bay, Inc. (OTCQB: SGBY) provides advisory, management and
analytical testing services to the emerging legalized cannabis
industry.


SOTERA WIRELESS: Seeks Plan Filing Extension Amid Masimo Dispute
----------------------------------------------------------------
Sotera Wireless, Inc. and Sotera Research, Inc., asks the U.S.
Bankruptcy Court for the Southern District of California to extend
the time period during which the Debtors have the exclusive right
to file and solicit acceptances of a Chapter 11 plan for 45 days,
or through and including May 13, 2017.

The Debtors submit that they have already filed their Chapter 11
Plan of Reorganization and a confirmation hearing has already been
tentatively set for April 13, 2017.  While the Debtors have pursued
confirmation in good faith and without delay, an extension is
necessary due to the complexities and unresolved nature of the
claim asserted by Masimo Corporation, which must be resolved prior
to the confirmation of the Plan

The Debtors relate that Masimo filed an action in the Superior
Court of the State of California, County of Orange (Case No.
30-2013-00649172-CU-IP-CJC) against Wireless, a current employee of
Wireless, and a former employee of Wireless based on allegations
that the individual defendants misappropriated trade secrets of
Masimo and shared them with Sotera to Sotera's benefit. The Debtors
further relate that on January 12, 2017, the Court directed Masimo
and Wireless to continue conducting discovery on Masimo's claims.

Masimo has filed a proof of claim in the amount of $15,500,000
based on its allegations of trade secret misappropriation, which
has been objected to by Sotera. Accordingly, the Court scheduled a
claim resolution trial on the Masimo's Claim for April 3-12, 2017.
The Court has also requested that the parties submit additional
briefing on two issues relating to the nature and scope of the
Masimo's Claim and set a hearing on such issues for March 17, 2017.


As such, the Debtors believe that a resolution of the Masimo Claim
would be necessary prior to confirmation of the Plan in order to
secure the due process rights of all parties and to accommodate the
Debtors' limited funding for continued operations. The Debtors add
that the prospect of competing third-party plans at this juncture
would serve only to distract parties, fragment the confirmation
process, and waste resources both of parties and of the Court.

                 About Sotera Wireless

Sotera Wireless, Inc., and Sotera Research, Inc., filed chapter 11
petitions (Bankr. S.D. Cal. Case Nos. 16-05968 and 16-05969) on
Sept. 30, 2016.  The cases are assigned to Judge Laura S. Taylor.

The Debtors are represented by Victor A. Vilaplana, Esq. and
Marshall J. Hogan, Esq., at Foley & Lardner LLP.  The Debtors
employed Robert L. Eisenbach III, Esq. and J. Michael Kelly, Esq.
at Cooley LLP as their special counsel. The Debtors also tapped
Peter Schwab and Piper Jaffray & Co. as their investment banker;
Jodi L. Smith of Ernst & Young, LLP as auditor.

At the time of the filing, Sotera Wireless estimated assets and
liabilities at $10 million to $50 million, while Sotera Research
estimated assets at $1 million to $10 million and liabilities at
$10 million to $50 million.

On October 20, 2016, the Office of the U.S. Trustee appointed an
official committee of unsecured creditors. The committee members
are: (1) ZhongHuan Hi-Tech Corp.; (2) Nortech Systems, Inc. NW; and
(3) Custom Converting, Inc.  Christopher V. Hawkins, Esq. at
Sullivan Hill Lewin Rez & Engel, APLC serves as the committee's
legal counsel.

On October 20, 2016, the Office of the U.S. Trustee appointed an
official committee of unsecured creditors. Sullivan Hill Lewin Rez
& Engel, APLC serves as the committee's legal counsel.


SPIN CITY EC: Bruce Fuerbringer to Continue to Manage Company
-------------------------------------------------------------
Spin City EC, LLC, filed with the U.S. Bankruptcy Court for the
Western District of Wisconsin a first amended disclosure statement
dated Feb. 20, 2017, referring to the Debtor's plan of
reorganization filed on Jan. 13, 2017.

Under the Plan, the claim of equity interest holder Bruce
Fuerbringer is impaired.  He will continue to manage the Debtor
without compensation exceeding $1,000 per month.  Mr. Fuerbringer
has not been paid any remuneration in the past, and he will not do
so in the future unless and until all operating expenses, including
administrative expenses are paid.

Current revenues from continuing laundromat operations will be the
source of payments.

The First Amended Disclosure Statement is available at:

            http://bankrupt.com/misc/wiwb16-13179-42.pdf

As reported by the Troubled Company Reporter on Jan. 30, 2017, the
Debtor filed with the Court a plan to exit Chapter 11 protection,
wherein general unsecured creditors would receive a distribution of
0% of their claims.  The claim of Royal Credit Union, the only
secured creditor of Spin City EC, is classified in Class 1.  As of
Jan. 24, all obligations to RCU are current and the company
anticipates paying RCU as agreed.

                         About Spin City EC

Headquartered in Eau Claire, Wisconsin, Spin City EC L.L.C. is a
single member limited liability company which was organized in the
State of Wisconsin in 2010.  It operates a one location laundromat
at 2703 Birch Street, Eau Claire, Wisconsin.  The Debtor's assets
consist primarily of 7-8 year old commercial washers, dryers, and
related laundromat equipment with a current value of $80,600, based
upon 2016 City of Eau Claire personal property assessments.  The
Debtor operates in a shopping center strip mall.  The Debtor
purchased its equipment from Dexter Financial of Cedar Rapids,
Iowa, after Dexter had repossessed the equipment from another
laundromat, Clear Water Eau Claire, LLC, which operated a
laundromat at the same location from 2007-2010.  Clear Water is a
defunct and was administratively dissolved by the State of
Wisconsin in 2011.

The Debtor filed for Chapter 11 bankruptcy protection (Bankr. W.D.
Wis. Case No. 16-13179) on Sept. 15, 2016, disclosing under $1
million in both assets and liabilities.

Erwin H. Steiner, Esq., at Otto & Steiner Law, S.C., serves as the
Debtor's bankruptcy counsel.

The Debtor filed its Chapter 11 plan of reorganization on Jan. 13,
2017.


SPRINGLEAF FUNDING 2015-A: DBRS Confirms BB Rating on Class D Debt
------------------------------------------------------------------
DBRS, Inc. confirmed eight classes of two outstanding public
ratings. The rating actions are based on the current credit
enhancement levels being sufficient to cover DBRS's expected losses
at their current respective rating levels.

The ratings are based on DBRS's review of the following analytical
considerations:

-- Transaction capital structure, proposed ratings and form and
    sufficiency of available credit enhancement.

-- The transaction parties' capabilities with regard to
    origination, underwriting and servicing.

-- The credit quality of the collateral pool and historical
    performance.

The affected ratings are:

Debt Rated    Rating Action  Rating

Springleaf Funding Trust 2015-A

Class A       Confirmed      Aa(sf)
Class B       Confirmed      A(sf)
Class C       Confirmed      BBB(sf)
Class D       Confirmed      BB(sf)

Springleaf Funding Trust 2015-B

Class A       Confirmed      AA(sf)
Class B       Confirmed      A(sf)
Class C       Confirmed      BBB(sf)
Class D       Confirmed      BB(sf)


STEREOTAXIS INC: DAFNA Capital Holds 6.27% Stake as of Feb. 9
-------------------------------------------------------------
In a regulatory filing with the Securities and Exchange Commission,
DAFNA Capital Management, LLC, Dr. Nathan Fischel and
Dr. Fariba Ghodsian disclosed that as of Feb. 9, 2017, they
beneficially owned 1,372,862 shares of common stock of Stereotaxis,
Inc. representing 6.27 percent of the shares outstanding.  This
amount consists of shares of common stock of Stereotaxis, Inc.,
held by funds of which DAFNA Capital Management, LLC, is the
investment manager and general partner.

Dr. Fischel is the chief executive officer of DAFNA, which is the
investment manager and general partner of each of the Funds.
Dr. Ghodsian is the chief investment officer of DAFNA, which is the
investment manager and general partner of each of the Funds.

Based on the representations of the Company set forth in the
Form 10-Q filed on Nov. 10, 2016, 21,904,128 shares of Common
Stock were outstanding as of Oct. 31, 2016.  The Funds directly
hold an aggregate of 1,372,862 shares of Common Stock.

Additionally, the Funds directly hold an aggregate of 8,000 shares
of Preferred Stock, initially convertible into an aggregate of
12,307,692 shares of Common Stock, and Warrants representing
the right to acquire an aggregate of 13,349,049 shares of Common
Stock.  The conversion of the Preferred Stock, and exercising of
the Warrants are restricted to the extent that, upon such
conversion or exercise, the number of shares of Common Stock then
beneficially owned by the holder of such securities and its
affiliates would exceed 4.99% of the total number of shares of
Common Stock then outstanding, subject to increase to 9.99% of the
number of shares of Common Stock outstanding immediately after
giving effect to the conversion of Preferred Shares on not less
than 61 day notice as provided in the applicable documents.  As
mentioned in Item 5 of Amendment No.1 to the Schedule 13D, such
notice to increase the Beneficial Ownership Limitation to 9.99% was
provided to the company on Jan. 6, 2017.  Notice to rescind the
decision to increase the Beneficial Ownership Limitation was
provided to the company on Feb. 9,2017, before the expiration of
the above-mentioned 61-day notice period.

A full-text copy of the Schedule 13D/A is available at:

                      https://is.gd/nUXu3x

                       About Stereotaxis

Based in St. Louis, Missouri, Stereotaxis, Inc., is a manufacturer
and developer of a suite of navigation systems in interventional
surgical procedures.  The Company's Epoch Solution is used in the
treatment of arrhythmias and coronary artery disease.

Stereotaxis reported a net loss of $7.35 million on $37.7 million
of total revenue for the year ended Dec. 31, 2015, compared to a
net loss of $5.20 million on $35.01 million of total revenue for
the year ended Dec. 31, 2014.

In its report on the Company's consolidated financial statements
for the year ended Dec. 31, 2015, Ernst & Young LLP, in St. Louis,
Missouri, issued a "going concern" qualification stating that
the Company has incurred recurring losses from operations and has a
net capital deficiency that raise substantial doubt about the
Company's ability to continue as a going concern.


STONE ENERGY: Closes Sale of Appalachia Properties
--------------------------------------------------
Stone Energy Corporation on Feb. 27, 2017, announced the close of
the sale of its Appalachia properties.

On February 27, 2017, Stone completed its previously announced
disposition of approximately 86,000 net acres in the Appalachian
regions of Pennsylvania and West Virginia (collectively, the
"Properties") to EQT Corporation, through its wholly owned
subsidiary EQT Production Company ("EQT"), for a purchase price of
$527 million in cash, subject to customary purchase price
adjustments and an upward adjustment to the purchase price of up to
$16 million in an amount equal to certain downward adjustments.
The sale of the Properties was consummated in accordance with the
terms of a purchase and sale agreement, dated February 9, 2017, by
and between the Company and EQT (the "EQT PSA").  Under the EQT
PSA, the sale of the Properties has an effective date of June 1,
2016.  The Company will use a portion of the cash consideration
received from the sale of the Properties to fund its cash payment
obligations under its Second Amended Joint Prepackaged Plan of
Reorganization, dated December 28, 2016 (the "Plan"), that was
confirmed on February 15, 2017 by the U.S. Bankruptcy Court for the
Southern District of Texas, Houston Division.  The Company
currently expects the Plan to become effective on February 28,
2017, at which point the Company and its debtor affiliates will
emerge from bankruptcy; however, there can be no assurance that the
effectiveness of the Plan will occur on such date, or at all.

Upon the close of the sale of the Properties to EQT, the purchase
and sale agreement (the "Tug Hill PSA") with TH Exploration III,
LLC, an affiliate of Tug Hill, Inc. ("Tug Hill"), terminated, and
Stone used a portion of the cash consideration received to pay Tug
Hill a break-up fee of $10.8 million.

Additional Information

Stone and its wholly-owned subsidiaries filed their voluntary
chapter 11 petitions and the Plan in the U.S. Bankruptcy Court for
the Southern District of Texas in Houston on December 14, 2016.
Information about the bankruptcy cases can be found at
http://dm.epiq11.com/StoneEnergyor by calling +1-888-243-5081
(toll-free in North America) or +1 503-520-4474 (outside of North
America).

                      About Stone Energy

Stone Energy Corp. is an independent oil and natural gas
exploration and production company headquartered in Lafayette,
Louisiana with additional offices in New Orleans, Houston and
Morgantown, West Virginia.  Stone is engaged in the acquisition,
exploration, development and production of properties in the Gulf
of Mexico and Appalachian basins. Stone Energy had 247 employees as
of the bankruptcy filing.

Stone Energy Corp. and two affiliates sought Chapter 11 protection
(Bankr. S.D. Tex. Case Nos. 16-36390, 16-36391 and 16-36392) on
Dec. 14, 2016, to pursue a prepackaged plan of reorganization.
Judge Marvin Isgur is assigned to the cases.

The Debtors hired Latham & Watkins LLP as general counsel, Porter
Hedges LLP as local counsel; Vinson & Elkins LLP as special
counsel; Alvarez & Marsal North America, LLC as financial advisor;
Lazard Freres & Co. LLC, as investment banker; and Epiq Bankruptcy
Solutions, LLC as claims, noticing, solicitation and balloting
agent.


STONE ENERGY: Completes Financial Restructuring, Exits Chapter 11
-----------------------------------------------------------------
Stone Energy Corporation on Feb. 28, 2017, disclosed that it
successfully completed the conditions precedent to emerging from
chapter 11 reorganization, and, accordingly, the Company's Second
Amended Joint Prepackaged Plan of Reorganization of Stone Energy
Corporation and its Debtor Affiliates, dated Dec. 28, 2016, that
was confirmed on February 15, 2017 by the U.S. Bankruptcy Court for
the Southern District of Texas, Houston Division, became effective
on Feb. 28, 2017 (the "Effective Date").  Terms used but not
defined herein have the meanings ascribed to them in the Plan,
which was filed as Exhibit 2.1 to the Company's Current Report on
Form 8-K filed on February 15, 2017.

Equity Ownership Summary

As previously disclosed, under the Plan, pre-petition holders of
the Company's unsecured notes are receiving 19.0 million New Common
Shares, representing 95% of the New Common Shares.  The
pre-petition stockholders are receiving 1.0 million New Common
Shares, or an equivalent of an approximate 1-for-5.674558 reverse
stock split (or 0.176263 New Common Shares for each 1 share of
Existing Shares), representing 5% of the New Common Shares.
Additionally, the pre-petition stockholders are receiving Warrants
to purchase 3,529,412 New Common Shares, or approximately 3.529412
Warrants for each 1 New Common Share.  This equates to 0.622009
Warrants for each 1 Existing Share (each based on 5,674,558
Existing Shares issued and outstanding and subject to rounding).
The Warrants have an exercise price of $42.04 per share, as the
same may be adjusted pursuant to the terms of the Warrants, and a
term of four years, unless terminated earlier by their terms upon
the consummation of certain business combinations or sale
transactions involving the Company.

Each of the foregoing common equity percentages in the reorganized
Company is subject to dilution from the exercise of the Warrants
described above and a management incentive plan ("MIP").  Shares
authorized under the MIP include 2,614,379 shares, of which the
Company issued no shares on the Effective Date.  The authorized
shares may be issued under the plan in the future at the discretion
of the Company's board of directors.

The New Common Shares are scheduled to begin trading on the New
York Stock Exchange under the ticker symbol "SGY" at the open of
trading hours on March 1, 2017.  The Warrants will not be listed on
an exchange at this time, but the Company currently expects to list
the Warrants on an exchange by the end of March 2017.

Liquidity Update

Upon emergence from bankruptcy, the Company eliminated
approximately $1.2 billion in principal amount of outstanding debt,
resulting in remaining debt outstanding of approximately $236.3
million, consisting of $225.0 million of 7.50% senior second lien
notes due 2022, and approximately $11.3 million outstanding under a
building loan.  Further, the Company had (i) no outstanding
borrowings and outstanding letters of credit of approximately $12.5
million under its $200 million reserve-based revolving credit
facility (the "A&R Credit Facility"), with borrowing base
availability thereunder of $150 million until November 1, 2017,
(ii) approximately $150 million of cash on hand, and (iii) $75
million of cash held in a restricted account to satisfy near-term
plugging and abandonment liabilities, pursuant to the terms of the
A&R Credit Facility.

Board of Directors

Pursuant to the Plan, as of the Effective Date, the terms of the
Company's previous board of directors expired and a new board of
directors was appointed.  The new board of directors consists of
seven members including Neal P. Goldman, John "Brad" Juneau, David
Rainey, Charles M. Sledge, James M. Trimble, David N. Weinstein and
David H. Welch.

                      About Stone Energy

Stone Energy Corp. is an independent oil and natural gas
exploration and production company headquartered in Lafayette,
Louisiana with additional offices in New Orleans, Houston and
Morgantown, West Virginia.  Stone is engaged in the acquisition,
exploration, development and production of properties in the Gulf
of Mexico and Appalachian basins. Stone Energy had 247 employees as
of the bankruptcy filing.

Stone Energy Corp. and two affiliates sought Chapter 11 protection
(Bankr. S.D. Tex. Case Nos. 16-36390, 16-36391 and 16-36392) on
Dec. 14, 2016, to pursue a prepackaged plan of reorganization.
Judge Marvin Isgur is assigned to the cases.

The Debtors hired Latham & Watkins LLP as general counsel, Porter
Hedges LLP as local counsel; Vinson & Elkins LLP as special
counsel; Alvarez & Marsal North America, LLC as financial advisor;
Lazard Freres & Co. LLC, as investment banker; and Epiq Bankruptcy
Solutions, LLC as claims, noticing, solicitation and balloting
agent.


STONE ENERGY: Receives Approval to List New Common Stock
--------------------------------------------------------
Stone Energy Corporation on Feb. 24, 2017, disclosed that the
Company received approval to list its new common stock with the new
CUSIP number 861642 403 (the "New Common Shares") on the New York
Stock Exchange (the "NYSE") under the same NYSE ticker symbol "SGY"
as the existing shares of the Company's issued common stock (the
"Existing Shares"), in connection with its anticipated emergence
from chapter 11 reorganization in accordance with the Company's
Second Amended Joint Prepackaged Plan of Reorganization of Stone
Energy Corporation and its Debtor Affiliates, dated December 28,
2016 (the "Plan") that was confirmed on February 15, 2017 by the
United States Court for the Southern District of Texas, Houston
Division.

The Company currently expects the Plan to become effective on
February 28, 2017, at which point the Company and its debtor
affiliates will emerge from bankruptcy (the "Effective Date");
however, there can be no assurance that the effectiveness of the
Plan will occur on such date, or at all.  The stockholders of
record at the close of business on the Effective Date will be
entitled to receive New Common Shares as well as warrants with the
CUSIP number 861642 114 (the "Warrants") in accordance with the
Plan.  All Existing Shares (with the CUSIP number 861642 304) will
be cancelled after the close of business on the Effective Date, and
the New Common Shares and Warrants will be issued at such time.

Assuming emergence on the Effective Date of February 28, 2017,
trading in the New Common Shares is expected to commence on March
1, 2017, under the ticker symbol "SGY," which is the same trading
symbol used for the Company's common stock previously listed on the
NYSE.  The Warrants will not be listed on an exchange at this time,
but the Company currently expects to list the Warrants on an
exchange by the end of March 2017.

Because the Company will retain the ticker symbol "SGY" after the
Effective Date of the Plan, holders of Existing Shares, and
brokers, dealers and agents effecting trades in Existing Shares,
and persons who expect to receive New Common Shares or effect
trades in New Common Shares, should take note of the anticipated
cancellation of the Existing Shares and issuance of New Common
Shares, and the two different CUSIP numbers signifying the Existing
Shares and the New Common Shares, in trading or taking any other
actions in respect of shares of the Company that trade under the
"SGY" ticker.

Pro Forma Equity Ownership Summary

As previously disclosed, under the Plan, assuming emergence on the
Effective Date of February 28, 2017, pre-petition holders of the
Company's unsecured notes will receive 19.0 million New Common
Shares, representing 95% of the New Common Shares.  The
pre-petition stockholders will receive 1.0 million New Common
Shares, or an equivalent of an approximate 1-for-5.674558 reverse
stock split (or 0.176263 New Common Shares for each 1 share of
Existing Shares), representing 5% of the New Common Shares.
Additionally, the pre-petition stockholders will receive Warrants
to purchase 3,529,412 New Common Shares, or approximately 3.529412
Warrants for each 1 New Common Share.  This would equate to
0.622009 Warrants for each 1 Existing Share (each based on
5,674,558 Existing Shares issued and outstanding and subject to
rounding).  The Warrants have an exercise price of $42.04 per
share, as the same may be adjusted pursuant to the terms of the
Warrants, and a term of four years, unless terminated earlier by
their terms upon the consummation of certain business combinations
or sale transactions involving the Company.

Each of the foregoing common equity percentages in the reorganized
Company is subject to dilution from the exercise of the Warrants
described above and a management incentive plan ("MIP").  Shares
authorized under the MIP include 2,614,379 shares, of which the
Company expects to issue no shares on the Effective Date.  The
authorized awards may be awarded in the future at the discretion of
the Company's board of directors.

The occurrence of the Effective Date is subject to conditions set
forth in the Plan, and the Company can make no assurances as to
whether the Effective Date will occur on February 28, 2017, or at
all.

                       About Stone Energy

Stone Energy Corp. is an independent oil and natural gas
exploration and production company headquartered in Lafayette,
Louisiana with additional offices in New Orleans, Houston and
Morgantown, West Virginia.  Stone is engaged in the acquisition,
exploration, development and production of properties in the Gulf
of Mexico and Appalachian basins. Stone Energy had 247 employees as
of the bankruptcy filing.

Stone Energy Corp. and two affiliates sought Chapter 11 protection
(Bankr. S.D. Tex. Case Nos. 16-36390, 16-36391 and 16-36392) on
Dec. 14, 2016, to pursue a prepackaged plan of reorganization.
Judge Marvin Isgur is assigned to the cases.

The Debtors hired Latham & Watkins LLP as general counsel, Porter
Hedges LLP as local counsel; Vinson & Elkins LLP as special
counsel; Alvarez & Marsal North America, LLC as financial advisor;
Lazard Freres & Co. LLC, as investment banker; and Epiq Bankruptcy
Solutions, LLC as claims, noticing, solicitation and balloting
agent.


SUGARMAN'S PLAZA: March 31 Hearing for Trustee Appointment Set
--------------------------------------------------------------
AKSD Discount Stores, LLC, tenant of Sugarman's Plaza Limited
Partnership, asks Judge Elizabeth S. Stong of the U.S. Bankruptcy
Court for the Eastern District of New York to lift the automatic
stay imposed in the Chapter 11 case and direct the Debtor to escrow
sufficient funds to meet its obligations to keep the property
leased in proper repair.  In the alternative, the tenant asks the
Court to direct the appointment of an operating trustee.

The tenant asks the Court to convene a hearing on March 31, 2017,
to consider approval of its request.  Objections, if any, must be
received by no later than March 24.

AKSD Discount Stores is represented by:

         Fred S. Kantrow, Esq.
         ROSEN, KANTROW & DILLON, PLLC
         38 New Street
         Huntington, NY 11743
         Tel: 631 423 8527
         Email: Fkantrow@rkdlawfirm.com

                 About Sugarman's Plaza

Sugarman's Plaza Limited Partnership operates a business located at
600 Scranton Carbondale Highway, Archbald PA 18403. The premises
consist of approximately 455,000 square feet of land (approximately
58.6 acres) containing a store, warehouse, office space and parking
lot. The Debtor rents the Premises to various tenants.

The Debtor sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. E.D.N.Y. Case No. 16-42496) on June 7, 2016. The
petition was signed by Chaim Laufer, general partner of TSC
Associates. The case is assigned to Judge Elizabeth S. Stong. The
Debtor is represented by David Carlebach, Esq., at The Carlebach
Law Group, as bankruptcy counsel.

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

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


T&T AIR: Case Summary & 6 Unsecured Creditors
---------------------------------------------
Debtor: T&T Air, LLC
        1076 Newing St.
        Helena, MT 59601

Case No.: 17-31125

Chapter 11 Petition Date: February 27, 2017

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

Judge: Hon. Karen K. Brown

Debtor's Counsel: David Wayne Julian, Esq.
                  LAW OFFICES OF DONALD L. WYATT, JR.
                  26418 Oak Ridge Drive
                  The Woodlands, TX 77380
                  Tel: 281-419-8733
                  Fax: 281-419-8703
                  E-mail: david.julian@wyattpc.com

                     - and -

                  Donald L Wyatt, Esq.
                  LAW OFFICES OF DONALD L WYATT JR PC
                  26418 Oak Ridge Rd
                  The Woodlands, TX 77380
                  Tel: 281-419-8733
                  Fax: 281-419-8703
                  E-mail: don.wyatt@wyattpc.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Justin Smith, manager.

A copy of the Debtor's list of six unsecured creditors is available
for free at http://bankrupt.com/misc/txsb17-31125.pdf


TAR HEEL: Trustee Taps Hire Charles Broadfoot to Manage Tanks
-------------------------------------------------------------
The Chapter 11 trustee for Tar Heel Oil II, Inc. and Gambill Oil,
LLC has filed an application seeking court approval to hire Charles
Broadfoot & Associates, Inc. to manage the underground storage
tanks owned by the companies.

In his application, John Paul Cournoyer asked the U.S. Bankruptcy
Court for the Middle District of North Carolina for approval to
hire the firm to conduct environmental audit and monthly inspection
of each storage tank, and work with the North Carolina Department
of Environmental Quality in connection with the site inspections.

CBA will be paid a monthly fee of $208.46 per site, or $4,377 for
the 21 sites.

Charles Broadfoot, president of CBA, disclosed in a court filing
that he and his firm are "disinterested persons" as defined in
section 101(14) of the Bankruptcy Code.

CBA can be reached through:

     Charles Broadfoot
     Charles Broadfoot & Associates, Inc.
     1623 Brookside Avenue
     Fayetteville, NC 28305
     Phone: (910) 484-5815
     Email: admin@ustcomonline.com

                        About Tar Heel Oil

Tar Heel Oil II, Inc. and Gambill Oil, LLC sought protection under
Chapter 11 of the Bankruptcy Code (Bankr. M.D.N.C. Lead Case No.
16-50216) on March 4, 2016.  The petitions were signed by Arthur H.
Lankford, president.  

The cases are assigned to Judge Benjamin A. Kahn.  The Debtors are
represented by Charles M. Ivey, III, Esq., at Ivey, McClellan,
Gatton, & Siegmund, LLP.  Nelson & Company, PA serves as their
accountant.

Tar Heel Oil disclosed assets of $3.18 million and debts of $6.03
million.  Gambill Oil disclosed assets of $986,674 and debts of
$3.28 million.

On November 4, 2016, the court appointed John Paul Cournoyer as
Chapter 11 trustee for the Debtors.  The trustee hired John A.
Northen, Esq. and Vicki L. Parrott, Esq. as his legal counsel.

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


TOSHIBA CORP: Not Aware of Westinghouse Considering Chapter 11
--------------------------------------------------------------
The American Bankruptcy Institute, citing Makiko Yamazaki of
Reuters, reported that Toshiba Corp (6502.T) said it was not aware
that its U.S. nuclear unit Westinghouse was considering filing for
Chapter 11 protection from creditors -- an option analysts say
could jeopardize the entire group.

According to Reuters, citing the Nikkei business daily, reported
that Toshiba was now looking at a potential Chapter 11 filing as
one of several options for Pittsburgh-based Westinghouse, as it
grapples with cost overruns at two U.S. projects that are set to
result in a $6.3 billion writedown.

In theory, such a drastic step could help draw a line under
problems in its nuclear business, Reuters said.  But analysts and
sources with knowledge of the matter say that even under a Chapter
11 filing, Toshiba could still be on the hook for up to $7 billion
in potential liabilities as it has guaranteed Westinghouse's
contractual commitments -- an arrangement typical for the nuclear
industry, the report related.

One source familiar with the matter told Reuters there had been
discussions within Toshiba on the issue, but there was also a lot
of resistance, the report further related.

A spokesman for the TVs-to-construction conglomerate said he was
unsure how any U.S. bankruptcy filing would affect its Westinghouse
contractual commitments, Reuters said.

Reuters pointed out that the ill-fated purchase of nuclear
construction plant firm CB&I Stone & Webster in late 2015 has
plunged Toshiba into crisis, forcing it offer up a majority stake
in its prized memory chips business for sale.

It has been forced to recognize huge cost overruns at two projects
to build the first nuclear reactors in the United States in 30
years, stemming from design changes such as reinforcing the plants
to withstand aircraft crashes, the report added.

                         About Toshiba

Toshiba Corporation (TYO:6502) -- http://www.toshiba.co.jp/-- is  

a Japan-based manufacturer involved in five business segments.
The Digital Products segment offers cellular phones, hard disc
devices, optical disc devices, liquid crystal televisions, camera
systems, digital versatile disc (DVD) players and recorders,
personal computers (PCs) and business phones, among others.  The
Electronic Device segment provides general logic integrated
circuits (ICs), optical semiconductors, power devices, large-
scale integrated (LSI) circuits for image information systems and
liquid crystal displays (LCDs), among others.  The Social
Infrastructure segment offers various generators, power
distribution systems, water and sewer systems, transportation
systems and station automation systems, among others.  The Home
Appliance segment offers refrigerators, drying machines, washing
machines, cooking utensils, cleaners and lighting equipment.  The
Others segment leases and sells real estate.

As reported in the Troubled Company Reporter-Asia Pacific on
Dec. 30, 2016, Moody's Japan K.K. downgraded Toshiba
Corporation's corporate family rating (CFR) and senior unsecured
rating to Caa1 from B3.  Moody's has also downgraded Toshiba's
subordinated debt rating to Ca from Caa3, and affirmed its
commercial paper rating of Not Prime. At the same time, Moody's
has placed Toshiba's Caa1 CFR and long-term senior unsecured bond
rating, as well as its Ca subordinated debt rating under review
for further downgrade.

The TCR-AP reported on Jan. 26, 2017, that S&P Global Ratings
said it has lowered its long-term corporate credit rating on
Toshiba Corp. to 'CCC+' and its short-term corporate credit and
commercial paper program ratings on the company to 'C', all by
one notch.  All of these ratings remain on CreditWatch with
negative implications.  S&P also lowered its senior unsecured
debt rating on Toshiba two notches to 'B-' from 'B+' and kept the
rating on CreditWatch negative.  On Dec. 28, 2016, S&P placed the
long- and short-term ratings on Toshiba on CreditWatch with
negative implications at the same time as lowering the long-term
ratings, in response to Toshiba's announcement that it might
recognize several JPY100 billion in impairment losses related to
goodwill arising from its acquisition of a nuclear power business
through U.S.-based Westinghouse Electric Co. LLC, because the
goodwill far exceeded the company's initial estimates.


TRANSGENOMIC INC: Hires Marcum LLP as New Accountants
-----------------------------------------------------
Effective as of Feb. 24, 2017, Transgenomic, Inc., as approved by
the Audit Committee of the Board of Directors, engaged Marcum LLP
as the Company's independent registered public accounting firm to
audit the Company's consolidated financial statements for its
fiscal year ended Dec. 31, 2016.

During the Company's two most recent fiscal years ended Dec. 31,
2014, and Dec. 31, 2015 and in the subsequent interim period
through Feb. 24, 2017, neither the Company nor anyone on its behalf
consulted Marcum regarding either: (i) the application of
accounting principles to a specified transaction, either completed
or proposed, or the type of audit opinion that might be rendered on
the Company's financial statements, in connection with which either
a written report or oral advice was provided to the Company that
Marcum concluded was an important factor considered by the Company
in reaching a decision as to the accounting, auditing or financial
reporting issue; or (ii) any matter that was either the subject of
a disagreement or reportable event as defined in Regulation S-K,
Item 304(a)(1)(iv) and Item 304(a)(1)(v), respectively, 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.


TRIANGLE USA: NGP Triangle Opposes Plan Disclosures
---------------------------------------------------
NGP Natural Resources X, L.P., and NGP Triangle Holdings, LLC,
filed with the U.S. Bankruptcy Court for the District of Delaware
an objection to Triangle USA Petroleum Corp. and its affiliated
debtors' second amended joint chapter 11 plan of reorganization.

NGP Triangle is the single largest creditor of Triangle Petroleum
Corporation, a non-Debtor holding company that owns 100% of the
equity interests in Debtor Triangle USA, holding a convertible
promissory note with an unpaid principal balance of approximately
$149 million.  Additionally, NGP and NGP Natural Resources X
Parallel Fund, L.P., an affiliate of the NGP Parties, hold
3,007,623 and 437,742 shares, respectively, in TPC common stock.
NGP Triangle is also a creditor of TUSA, having filed a claim in
these chapter 11 cases for damages relating to the causes of action
asserted in the Chancery Court Litigation.

As a shareholder and the largest creditor of TPC, the NGP Parties
have been working closely with the Special Committee of the Board
of Directors for TPC to address issues and concerns that are common
to both TPC and the NGP Parties regarding the proposed Plan.  These
issues relate to, among other things, (i) the proposed injunction
contained in Section 9.09 of the Plan, (ii) the scope of the
releases contained in Sections 9.04 and 9.05 of the Plan, (iii) the
proposed cancellation of TPC's shares in TUSA without any
distribution to TPC on account of its equity interest and related
valuation issues, (iv) the procedures under the Plan relating to
the Specified Caliber Contracts in light of the requirements of
Section 365 of the U.S. Bankruptcy Code, and (v) the Debtors'
failure to negotiate an acceptable sublease with TPC or otherwise
address their intentions with respect to their corporate
headquarters space in Denver, Colorado (TPC is the lessee under the
underlying lease).  These issues remain unresolved as of the filing
of the Objection.

TPC and the NGP Parties have reached out to the Debtors in an
effort to resolve their concerns with regards to the Plan, but, as
of the filing of this Objection, the issues and objections set
forth herein remain outstanding.  The NGP Parties are continuing to
receive and evaluate information relating to the issues.

A copy of the Objection is available at:

           http://bankrupt.com/misc/deb16-11566-759.pdf

As reported by the Troubled Company Reporter on Jan. 20, 2017, the
Debtors filed with the Court their second amended disclosure
statement with respect to their second amended joint Chapter 11
plan of reorganization, wherein Class 4, Ranger Fabrication, LLC
General Unsecured Claims, is impaired under the Plan.  The
estimated recovery of the Class 4 Holders is 33%.  Distributions
under the Plan, and the Reorganized Debtors' future operations,
will be funded in part by (a) a new senior secured, reserve-based
Exit Facility, with an  anticipated initial borrowing base of
$250 million and (b) a new-money Rights Offering, through which
Eligible Holders of TUSA General Unsecured Claims may subscribe for
the purchase of up to approximately $180 Million of Rights Offering
Securities. Certain members of the Ad Hoc Noteholder Group have
agreed to backstop $150 million of the Rights Offering.

              About Triangle USA Petroleum Corporation

Triangle USA Petroleum Corporation is an independent exploration
and production company with a strategic focus on developing the
Bakken Shale and Three Forks formations in the Williston Basin of
North Dakota and Montana.  TUSA is a wholly owned subsidiary of
Triangle Petroleum Corporation (NYSE MKT: TPLM).  Neither TPLM nor
its affiliated company, RockPile Energy Services, LLC, is included
in TUSA's Chapter 11 filing.

Triangle USA Petroleum Corporation and its affiliates filed
voluntary petitions under Chapter 11 of the Bankruptcy Code
(Bankr. D. Del. Lead Case No. 16-11566) on June 29, 2016.  The
cases are pending before Judge Mary F. Walrath.

At the time of the filing, TUSA estimated assets in the range of
$500 million to $1 billion and liabilities of up to $1 billion.

The Debtors have engaged Sarah E. Pierce, Esq., at Skadden, Arps,
Slate, Meagher & Flom LLP as counsel, AP Services, LLC, as
financial advisor, PJT Partners Inc. as investment banker and
Prime Clerk LLC as claims & noticing agent.

Andrew R. Vara, Acting U.S. Trustee, has informed the U.S.
Bankruptcy Court for the District of Delaware that a committee of
unsecured creditors has not been appointed in the Chapter 11 case
of Triangle USA Petroleum Corporation due to insufficient response
to the U.S. Trustee communication/contact for service on the
committee.


VANGUARD HEALTHCARE: Court Moves Solicitation Period to March 31
----------------------------------------------------------------
Judge Randal S. Mashburn of the U.S. Bankruptcy Court for the
Middle District of Tennessee extended the period for Vanguard
Healthcare, LLC, and its affiliated debtors to seek acceptances of
the Plan to March 31, 2017.

The Troubled Company Reporter had earlier reported that the Debtors
asked the Court to extend their exclusive period for soliciting
acceptances to their Joint Plan of Reorganization that was filed on
November 30, 2017 along with a Disclosure Statement.  The hearing
on the approval of the Disclosure Statement has been set for Jan.
31, 2017.

The Debtors contended that they had been negotiating with the
Official Committee of Unsecured Creditors and Healthcare Financial
Solutions regarding the Debtors' Plan but need additional time to
complete approval of the Disclosure Statement and balloting.

                 About Vanguard Healthcare

Vanguard is a long-term care provider headquartered in Brentwood,
Tennessee, providing rehabilitation and skilled nursing services at
14 facilities in four states (Florida, Mississippi, Tennessee and
West Virginia).

Vanguard Healthcare, LLC, and 17 of its subsidiaries each filed a
Chapter 11 bankruptcy petition (Bankr. M.D Tenn. Lead Case No.
16-03296) on May 6, 2016.  The petitions were signed by William D.
Orand, the CEO.  The cases are assigned to Judge Randal S.
Mashburn.

Vanguard estimated assets in the range of $100 million to $500
million and liabilities of up to $100 million.

The Debtors hired Bradley Arant Boult Cummings LLP as counsel and
BMC Group as noticing agent.

The U.S. Trustee for Region appointed seven creditors of Vanguard
Healthcare to serve on an official committee of unsecured
creditors.  The committee members are Kindred Nursing Centers East,
L.L.C., Medline Industries, Inc., Healthcare Services Group, Inc.,
Kirk F. Hebert, Signature Healthcare, LLC, et al., Express Courier,
and Rezult Group, Inc.


VANGUARD NATURAL: Unsecured Creditors' Recovery Unknown Under Plan
-------------------------------------------------------------------
Vanguard Natural Resources, LLC, and its wholly owned subsidiaries
filed with the U.S. Bankruptcy Court for the Southern District of
Texas a disclosure statement relating to the Debtors' joint plan of
reorganization dated Feb. 25, 2017.

The Debtors, the ad hoc group of senior noteholders, and the ad hoc
group of second lien noteholders support the Plan.

The Plan provides for the reorganization of the Debtors as a going
concern and will significantly reduce long-term debt and annual
interest payments of the Reorganized Debtors, resulting in a
stronger, de-levered balance sheet for the Debtors.  Specifically,
the Plan provides for: (a) a $127.875 million rights offering,
pursuant to which the holders of senior notes claims are entitled
to purchase equity in reorganized VNR and a $127.875 million equity
investment, pursuant to which the commitment parties will purchase
equity in Reorganized VNR; (b) a fully committed $19.25 million
equity investment from the Second Lien Investors for shares of
Reorganized VNR Common Stock equal to 4.3% of the aggregate
Reorganized VNR Common Stock as of the Effective Date and subject
to dilution as set forth in the Plan; (c) a recovery for the
Electing Lenders consisting of the $275 million Electing Lender
Payment Amount for those Lenders that participate in the Exit
Revolving Loans and the Exit Term Loans for Non-Electing Lenders;
and (d) the issuance of new notes to Holders of Allowed Second Lien
Notes Claims in an aggregate principal amount of approximately
$78.075 million, plus accrued and unpaid postpetition interest
through the Effective Date.

The Plan also provides that holders of Senior Notes Claims will
receive a recovery consisting of a pro rata distribution of a
number of shares of Reorganized VNR Common Stock equal to 97% of
the aggregate Reorganized VNR Common Stock as of the Effective Date
and subject to dilution as set forth in the Plan and the
opportunity to participate in the 1145 Rights Offering in
accordance with the Plan and the 1145 Rights Offering Procedures.

Class 6 General Unsecured Claims are impaired by the Plan.  Holders
of allowed General Unsecured Claims will receive their pro rata
share of the Reorganized VNR Common Stock.  Each holder of an
Allowed General Unsecured Claim will have the right to elect to
receive, in lieu of any portion of the General Unsecured Equity
Distribution, cash from the general unsecured cash distribution
pool.  The General Unsecured Cash Distribution Pool will consist of
cash to be used for payments on account of General Unsecured Claims
in accordance with the Plan.

On the Effective Date, the Reorganized Debtors will enter into the
Exit Facility.  The Exit Facility will comprise the Exit Revolving
Loans and the Exit Term Loans, each consistent with the Exit
Facility Term Sheet and on such terms as set forth in the Exit
Facility Documents that will be included in the plan supplement.
The Exit Facility will be sufficient to fund the Debtors'
post-emergence operations.

On the Effective Date, the Reorganized Debtors will issue the New
Second Lien Notes, in accordance with the terms and conditions of
the New Second Lien Notes Documents.  The New Second Lien Notes
will be senior secured second lien notes due 2024 in an aggregate
principal amount of approximately $78.075 million, plus accrued and
unpaid postpetition interest through the Effective Date, and will
be issued pursuant to the New Second Lien Notes Indenture.  The New
Second Lien Notes Documents will be included in the Plan
Supplement.

On the Effective Date, the Consenting Second Lien Noteholders will
purchase the Second Lien Investment Equity from Reorganized VNR, in
accordance with the terms and conditions of the Second Lien
Investment Agreement.

The Disclosure Statement is available at:

          http://bankrupt.com/misc/txsb17-30560-216.pdf

                About Vanguard Natural Resources

Vanguard Natural Resources, LLC -- http://www.vnrllc.com/-- is a
publicly traded limited liability company focused on the
acquisition, production and development of oil and natural gas
properties.  Vanguard's assets consist primarily of producing and
non-producing oil and natural gas reserves located in the Green
River Basin in Wyoming, the Permian Basin in West Texas and New
Mexico, the Gulf Coast Basin in Texas, Louisiana, Mississippi and
Alabama, the Anadarko Basin in Oklahoma and North Texas, the
Piceance Basin in Colorado, the Big Horn Basin in Wyoming and
Montana, the Arkoma Basin in Arkansas and Oklahoma, the Williston
Basin in North Dakota and Montana, the Wind River Basin in Wyoming,
and the Powder River Basin in Wyoming.

As of Sept. 30, 2016, Vanguard had $1.54 billion in total assets,
$2.28 billion in total liabilities and a total members' deficit of
$736.8 million.

Vanguard Natural Resources, LLC, and certain subsidiaries filed
voluntary petitions for relief under Chapter 11 of the Bankruptcy
Code in the U.S. Bankruptcy Court for the Southern District of
Texas on Feb. 2, 2017.  The Chapter 11 Cases are being administered
under the caption In re Vanguard Natural Resources, et al. Case No.
17-30560.  The Chapter 11 cases are assigned to Hon. Judge Marvin
Isgur.

The Debtors listed total assets of $1.54 billion and total debts of
$2.3 billion as of Feb. 1, 2017.

Paul Hastings LLP is serving as legal counsel and Evercore Partners
is acting as financial advisor to Vanguard.  Opportune LLP is the
Company's restructuring advisor.  Prime Clerk LLC is serving as
claims and noticing agent.

Judy R. Robbins, the U.S. Trustee for Region 7, on Feb. 14
appointed three creditors to serve on the official committee of
unsecured creditors appointed in the Chapter 11 case of Vanguard
Natural Resources, LLC.


WALTERS ENTERPRISE: Involuntary Chapter 11 Case Summary
-------------------------------------------------------
Alleged Debtor: Walters Enterprise, Inc.
                12700 Hillcrest Road, Suite 143
                Dallas, TX 75230

Case Number: 17-30663

Involuntary Chapter 11 Petition Date: February 24, 2017

Court: United States Bankruptcy Court
       Northern District of Texas (Dallas)

Judge: Hon. Barbara J. Houser

Petitioners' Counsel: Emil Lippe, Jr., Esq.
                      LIPPE & ASSOCIATES
                      Park Central I
                      7616 LBJ Freeway, Suite 500
                      Dallas, TX 75251-1101
                      Tel: (214) 855-1850
                      Fax: (214) 720-6074
                      E-mail: texaslaw@airmail.net
                              emil@texaslaw.com

Alleged creditors who signed the involuntary petition:

   Petitioners                  Nature of Claim  Claim Amount
   -----------                  ---------------  ------------
Lynwood Walters &                Money Loaned       $31,232
Nancy Walters
7520 Yellowstone Drive
Beaumont TX 77713

Elizabeth Schrupp              Services rendered    $28,860
6223 Lavendale
Dallas, TX 75230

Denise Martinez                Services rendered       $796
1729 Jocyle Street
Arlington, TX 76010

Albin Roach                                         $96,127
5665 N. Dallas Pkwy Ste 200
Frisco, TX 75034

Cook Parker, PLLC, CPA            Accounting         $8,290
PO Box 7343                        Services
Beaumont, TX 77726-7343            Rendered


WEST SEATTLE LODGE: Case Summary & 20 Largest Unsecured Creditors
-----------------------------------------------------------------
Debtor: West Seattle Lodge, LLC
        4209 SW Alaska St
        Seattle, WA 98116

Case No.: 17-10842

Chapter 11 Petition Date: February 27, 2017

Court: United States Bankruptcy Court
       Western District of Washington (Seattle)

Judge: Hon. Timothy W. Dore

Debtor's Counsel: Larry B. Feinstein, Esq.
                  VORTMAN & FEINSTEIN
                  520 Pike Street, Ste. 2250
                  Seattle, WA 98101
                  Tel: 206-223-9595
                  E-mail: feinstein1947@gmail.com

Total Assets: $54,891

Total Liabilities: $1.16 million

The petition was signed by Shawn Roten, manager.

A copy of the Debtor's list of 20 largest unsecured creditors is
available for free at http://bankrupt.com/misc/wawb17-10842.pdf


WEST VIRGINIA HIGH: Asks Time to Resolve Huntington Plan Objection
------------------------------------------------------------------
West Virginia High Technology Consortium Foundation and HT
Foundation Holdings, Inc. requests the U.S. Bankruptcy Court for
the Northern District of Virginia to extend the exclusive period to
file a plan of reorganization and to solicit acceptances of such
plan beyond the date that is 20 months after the Petition Date.

The Debtors relate that since the Petition Date, they have spent
much of the first few months attempting to stabilize their
operations and negotiating in good faith with Huntington regarding
potential restructuring options.

Once the negotiations with Huntington broke down in late September,
the Debtors further relate that they immediately considered their
reorganization options and formulated a Plan of Reorganization.
Consequently, the Debtors filed a Plan of Reorganization and
Disclosure Statement on December 2, 2016.  However, Huntington
filed an objection to the Disclosure Statement on January 12, 2017.


After Huntington filed an Objection to the original Disclosure
Statement and pursuant to the Court's Order, the Debtors filed a
First Amended Joint Disclosure Statement in an attempt to address
the objections raised by Huntington in its objection to the
original Disclosure Statement.

But on February 16, 2017, Huntington filed an Objection to the
First Amended Joint Disclosure Statement.  The Court, subsequently
held a hearing on the First Amended Joint Disclosure Statement,
whereafter it took the matter under advisement.

As such, pending confirmation, the Debtors request an extension of
the exclusivity period to continue to work with creditors toward an
amicable resolution of any claims and toward confirmation of the
First Amended Plan of Reorganization.

                About West Virginia High

West Virginia High Technology Consortium Foundation and HT
Foundation Holdings, Inc., filed chapter 11 petitions (Bankr. N.D.
W.Va. Case Nos. 16-00806 and 16-00807) on Aug. 4, 2016.  The
petitions were signed by James L. Estep, president and CEO. The
Hon. Patrick M. Flatley presides over the case.  In its petition,
the Debtors estimated $10 million to $50 million in both assets and
liabilities.

David B. Salzman, Esq., at Campbell & Levine, LLC serves as
bankruptcy counsel. The Debtor employs Rolston & Company as real
estate appraiser; Easter Valley, LLC as real estate broker; and
Arnett Carbis Toothman, LLP as accountants.


WESTMORELAND COAL: To Restate 2014 and 2015 Financial Statements
----------------------------------------------------------------
Westmoreland Coal Company said it will restate financial
information stemming from changes in the accounting for its
customer reclamation receivables.  This change has no impact on
Westmoreland's cash flow, the economic value of its contracts or
its ability to collect cash for reclamation from customers.
Westmoreland understands the inconvenience this creates and the
team is working diligently to process this change so year-end
earnings and the 10-K can be released expeditiously.

Westmoreland's Annual Report on Form 10-K for the year ended
Dec. 31, 2016, will include restated consolidated financial
statements for the years ended Dec. 31, 2015 and 2014, and all
interim periods during 2016 and 2015.  Westmoreland does not intend
to file amendments to previous filings with the Securities and
Exchange Commission.  Investors are advised to no longer rely upon
previously issued financial statements, earnings releases or other
financial communications.

Based on a preliminary assessment, Westmoreland expects the
following changes to its financial statements as a result of this
restatement:

   * For the year ended Dec. 31, 2015, an increase in revenue of
     $9.5 million, an increase in accretion expense (reflected in
     cost of sales) of $9.1 million, and an increase in depletion
     expense of $9.6 million.

   * For the nine months ended Sept. 30, 2016, an increase in
     revenue of $3.4 million, an increase in accretion expense
    (reflected in cost of sales) of $8.7 million and an increase
     in depletion expense of $11.8 million.

   * The third party reclamation receivable will now be recognized

     on the balance sheet as land and mineral rights.  There is no
     impact on Westmoreland's ability to be reimbursed for
     reclamation from its customers.

Westmoreland expects its Adjusted EBITDA to be higher than
previously reported primarily from the increase in revenue and the
exclusion of accretion and depletion expense from the calculation.

These amounts are preliminary and are based on Westmoreland’s
current expectations.  There can be no assurance that this
financial information will not change, possibly materially, before
Westmoreland files its Form 10-K for the year ended Dec. 31, 2016.

                   About Westmoreland Coal

Colorado Springs, Colo.-based Westmoreland Coal Company (NYSE
AMEX: WLB) -- http://www.westmoreland.com/-- is the oldest        

independent coal company in the United States.  The Company's coal
operations include coal mining in the Powder River Basin in
Montana and lignite mining operations in Montana, North Dakota and
Texas.  Its power operations include ownership of the two-unit
ROVA coal-fired power plant in North Carolina.

Westmoreland reported a net loss applicable to common shareholders
of $203 million on $1.41 billion of revenues for the year ended
Dec. 31, 2015, compared to a net loss applicable to common
shareholders of $173 million on $1.11 billion of revenues for
the year ended Dec. 31, 2014.

As of Sept. 30, 2016, Westmoreland Coal had $1.71 billion in total
assets, $2.30 billion in total liabilities and a total deficit of
$581.2 million.

                          *     *     *

Moody's Investors Service at the end of February 2016 downgraded
the ratings of Westmoreland, including its corporate family rating
to 'Caa1' from 'B3'.

Standard & Poor's Ratings Services in March 2016 affirmed its 'B'
corporate credit rating on Westmoreland and revised the rating
outlook to "negative" from "stable".  "The negative outlook
reflects weaker-than-expected liquidity as a result of a
combination of exposure to a lower price environment and
difficult-to-secure favorable new volume commitments," said
Standard & Poor's credit analyst Vania Dimova.


                            *********

Monday's edition of the TCR delivers a list of indicative prices
for bond issues that reportedly trade well below par.  Prices are
obtained by TCR editors from a variety of outside sources during
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S U B S C R I P T I O N   I N F O R M A T I O N

Troubled Company Reporter is a daily newsletter co-published
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