TCR_Public/170307.mbx          T R O U B L E D   C O M P A N Y   R E P O R T E R

              Tuesday, March 7, 2017, Vol. 21, No. 65

                            Headlines

15173 DOMINO'S: Taps CIN Legal as Counsel over Franchise Deal
1776 AMERICAN: Staunton and Austin Taps Aim as Real Estate Broker
23 FARMS: U.S. Trustee Unable to Appoint Committee
362 ROUTE 108: Unsecureds May Recover 10% Under Plan
390 ASSINIBOINE: Bid Deadline for Condo Set for March 31

7 BAY CORP: Disclosures OK'd; Plan Confirmation Hearing on April 27
A-1 EXPRESS: Can Use Cash Collateral Until March 3
ABRUZZO IV: Seeks to Hire Kutner Brinen as Legal Counsel
ADMA BIOLOGICS: CohnReznick LLP Raises Going Concern Doubt
ADVANCED MICRO: Director Bruce Claflin Won't Stand for Reelection

AEROPOSTALE INC: Wants Exclusive Plan Filing Extended to May 1
ALLY FINANCIAL: Declares $957M Comprehensive Income in 2016
AMERICAN AIRLINES: 2020 Loan Repricing No Impact on Fitch's BB- IDR
ANGIOSOMA INC: Issues 5.9M Shares in Partial Conversion of Notes
ARCONIC INC: Fitch to Continue Coverage Until Further Notice

AVAYA INC: Seeking to Pay Execs Up to $3.7-Mil. in Bonuses
AYTU BIOSCIENCE: Receives $2.2 Million from Exercise of Warrants
BANJO & MALDITA: Net Loss, Deficit Raises Going Concern Doubt
BARTELLO PROPERTIES: Hires Thomas as Counsel
BERGEN PLAZA: Hires Kelly Firm as Attorney

BLANCHETTE ROCKEFELLER: Unsecureds to be Paid from Sale Proceeds
BRETHREN VILLAGE: Fitch Rates $102MM 2017 Revenue Bonds 'BB+'
BRIGHT MOUNTAIN: Sostre Had $43,640 in Assets as of Sept. 30
BRUCE FINDER: Can Use Cash Collateral Until March 17
CAL NEVA LODGE: Plan Has $34MM Equity Investment from Mayer Fin'l

CALIFORNIA PROTON: Will Explore Potential Sale During Restructuring
CAPITAL ART: Eide Bailly LLP Raises Going Concern Doubt
CAPITAL AUTOMOTIVE: Moody's Cuts CFR to B2 on Debt Refinancing
CAPITAL AUTOMOTIVE: S&P Cuts CCR to B on Dividend Recapitalization
CAPITOL BC RESTAURANTS: Taps Nelson Mullins as Special Counsel

CARTEL MANAGEMENT: Seeks to Hire Klinedinst as Special Counsel
CBAK ENERGY: Incurs $2.19 Million Net Loss in Dec. 31 Quarter
CBAK ENERGY: Working Capital Deficit Raises Going Concern Doubt
CHESAPEAKE ENERGY: Needs More Time to File 2016 Form 10-K
CLARK-CUTLER-MCDERMOTT: Disclosures OK'd; Plan Hearing on March 31

COMBIMATRIX CORP: Appoints Mindwerks Bio Founder to Board
CORPORATE RISK: Moody's Hikes CFR to Caa1 on Completed Asset Sale
CORTNEY VALENTINE: Sentenced for Bank Fraud, Bankruptcy Fraud
CYTOSORBENTS INC: OKs Executives' 2017 Bonus Awards & Base Salaries
DANCING WATERS: To Sell Whatcom Property to Madorna for $8.3MM

DAVID KENNETH LIND: DOJ Watchdog Ordered to Appoint Ch. 11 Trustee
DIANA CONTAINERSHIPS: Ernst & Young Casts Going Concern Doubt
DIRECTORY DISTRIBUTING: John Vaclavek Named Chapter 11 Trustee
DIRECTORY DISTRIBUTING: Trustee Hires Carmody as Special Counsel
DOLE FOOD: $74MM Litigation Deal No Impact on Moody's B2 Rating

EAST BAY DRY: Hires Gilman & Ciocia as Accountant
ECLIPSE RESOURCES: Reports 4th Quarter Net Loss of $63.3 Million
EMERALD COAST: Hires Zalkin Revell as Counsel
ESBY CORP: Bankruptcy Administrator Unable to Appoint Committee
FANTASY ACES: Court OKs Sale of User Database to Competitor

FIRST CAR PRO: Wants to Use Automotive Finance's Cash Collateral
FITZGERALD PUBLIC SD: Moody's Raises 2014A GOLT Rating From Ba1
FLY NATION: Hires Dotson as Bankruptcy Attorney
FORESIGHT ENERGY: Reports 2016 Net Loss of $178.6 Million
FORESIGHT ENERGY: Units Plan to Commence Refinancing Transactions

FRONTIER COMMS: Weak 4Q Results Back Neg. Outlook, Moody's Say
FUNCTION(X) INC: Closes $4,800,000 Common Stock Offering
GENERAL NUTRITION: Moody's Lowers Corporate Family Rating to B1
GENERAL WIRELESS: Radioshack Successor Preparing for Bankruptcy
GENESIS MEDICAL: Taps Estudio Legal as Legal Counsel

GENON ENERGY: KPMG LLP Raises Going Concern Doubt
GENON ENERGY: Posts $81 Million Net Income for 2016
GRACIOUS HOME: Hires K&L Gates as Intellectual Property Counsel
GRACIOUS HOME: Hires Saul Ewing as Special Employment Counsel
HANSELL/MITZELL: BYK Buying Three Nookachamp Hills Lots for $315K

HATU WINDS: Salt Lake County Buying Property for $3.50 Million
HILTON WORLDWIDE: S&P Affirms 'BB+' CCR; Outlook Positive
IMPERIAL METALS: S&P Revises Outlook to Pos. & Affirms 'CCC' CCR
INTREPID POTASH: Incurs $66.6 Million Net Loss in 2016
J.P. ALEXOPOULOS: Taps Mitchell A. Sommers as Legal Counsel

KOHN FUNERAL: Can Use Cash collateral Until June 1
KRATOS DEFENSE: S&P Revises Outlook to Pos. & Affirms 'B-' CCR
LEHMAN BROS: Asks Court To Junk Citibank's Bid For Win in $2BB Suit
LIBERAL COMMONS: Has Final OK To Use Cash Collateral Until May 1
LIFE PARTNERS: Court Denies Bid to Sanction Goodman & Nekvasil

LIFE PARTNERS: DOJ Objects to Chapter 11 Trustee's $28M Bill
LILY ROBOTICS: Aims to Secure Stalking Horse Bid For IP Asset
LIMITLESS MOBILE: Proposes Sale Process for Spectrum Assets
LOVE GRACE: Court Treats Feb. 22 Hearing as Interim Hearing
LSB INDUSTRIES: Posts $64.8-Mil. Net Income in 2016

MABVAX THERAPEUTICS: CohnReznick LLP Raises Going Concern Doubt
MAGNA CLEANERS: Taps Green as Accountant
MASCO CORP: Moody's Hikes CFR to Ba1 on Expected Profit Growth
MASTROIANNI BROS: Unsecureds to Recover 20% Under Plan
MCCLATCHY CO: OKs $2.05M 2017 Retention Bonuses to Executives

MCK MILLENNIUM: Wants to Enter Lease Agreement with GSI
MERRIMACK PHARMACEUTICALS: Incurs $153.5 Million Net Loss in 2016
MESOBLAST LIMITED: Incurs $20 Million Net Loss in Second Quarter
MISSION NEW ENERGY: Incurs $4.90 Million Net Loss in H2 2016
MRI INTERVENTIONS: Reports $1.68 Million Fourth Quarter Net Loss

MUSSI REALTY: Special Counsel Not Entitled to Pre-Appointment Fees
NAVIENT CORP: S&P Rates $750MM Sr. Unsecured Notes Due 2022 'B+'
NAVISTAR INTERNATIONAL: Appoints 2 Volkswagen Director Designates
NAVISTAR INTERNATIONAL: Carl Icahn Reports 16.6% Equity Stake
NAVISTAR INTERNATIONAL: Closes Strategic Alliance with Volkswagen

NEW JERSEY: Gov. Plans to Use Lottery for Pension Raises Questions
NORTHERN OIL: Reports Fourth Quarter Net Loss of $12.3 Million
ONIX CAPITAL: Must Be Put in Hands of Receiver, Court Says
OPUS MANAGEMENT: Objection to WHI's Claim No. 5 Sustained
OUTER HARBOR: Court Says Agreement With "K" Line Not Terminated

PACIFIC DRILLING: KPMG LLP Casts Going Concern Doubt
PARETEUM CORP: Files for $8 Million IPO
PIONEER ENERGY: Projects 25%-30% Revenue Production Growth in Q1
PRESTIGE INDUSTRIES: Committee Hires Whiteford as Special Counsel
PRESTIGE INDUSTRIES: Creditors' Panel Hires Lowenstein as Counsel

PROBILITY MEDIA: LBB & Associates Raises Going Concern Doubt
RAIN CARBON: Moody's Assigns 'B1' CFR & Rates Unsec. Notes 'B1'
REES ASSOCIATES: Taps Bradshaw Fowler as Legal Counsel
RENT-A-CENTER INC: Moody's Cuts CFR to B2 on Decline in Operations
REWALK ROBOTICS: Kost Forer Gabbay Raises Going Concern Doubt

RHINO GEAR: Claims to be Paid From Proceeds of Asset Sale
ROCKY MOUNTAIN: LSW Now Controlling Shareholder After $3.5M Deal
S. HEMENWAY: Asks for Conditional OK of 2nd Amended Disclosures
SEASONS PARTNERS: Taps Gerald K. Smith as Legal Counsel
SECURED ASSETS: Hodge Buying Reno Condo Unit for $159K

SG ACQUISITION: S&P Affirms 'B' CCR on Dividend Recapitalization
SHANGOL INC: Ch. 11 Trustee Hires Hofmeister as Counsel
SIRGOLD INC: Ch. 11 Trustee Taps Citrin Cooperman as Accountant
SKYLINE CORP: Names Jeff Newport Chief Operating Officer
STAR COMPUTER: Liquidating Trustee Taps Rosenbaum as Accountant

STEPHCHRIS OF MISSOURI: Hires Hoffman & Slocomb as Claims Counsel
STG-FAIRWAY HOLDINGS: S&P Alters Outlook to Neg. & Affirms 'B' CCR
SUMMIT INVESTMENT: Administrator Unable to Appoint Committee
TABERNA PREFERRED: Opportunities Offers to Buy Notes Until March 31
TANNER COMPANIES: Seeks to Hire GreerWalker as Accountant

TAR HEEL: Trustee's Cash Register Sale to Dealer for $8K Approved
TERRA GOLD: Hires Kutner Brinen as Attorney
TERRANOVA LANDSCAPES: U.S. Trustee Unable to Appoint Committee
TOURS INCORPORATED: Hires Neal & Partners as Real Estate Broker
TRANSMAR COMMODITY: Taps Deloitte's Robert Frezza as CRO

TRI STATE TRUCKING: Hires Cunningham Chernicoff as Counsel
TRIDENT BRANDS: Incurs $3.18 Million Net Loss in 2016
ULURU INC: Enters Into Financing Agreement with Velocitas
UNIQUE VENTURES: Chapter 11 Trustee Appointment Sought
UNIQUE VENTURES: U.S. Trustee Forms 7-Member Committee

UNIVISION COMMUNICATION: Fitch Rates $4.475BB Term Loan 'BB-'
VALENCIA COLLEGE: April 18 Plan Confirmation Hearing
VANGUARD HEALTHCARE: Unit Taps New Century as Financial Advisor
VANITY SHOP: Hires Vogel as Bankruptcy Counsel
VERITEQ CORP: Needs More Financing to Continue as a Going Concern

VPH PHARMACY: U.S. Trustee Forms 3-Member Committee
VRG LIQUIDATING: Hires KPMG as Tax Service Provider
WARREN BOEGEL: Hartland Buying Kearny County Property for $1.4M
WET SEAL: CPO Recommends Limited PII Transfer
WET SEAL: Gordon Brothers Wins Bankruptcy Auction

WHICKER ASSET: Hires Pronske Goolsby as Counsel
WORLD MARKETING: WARN Class' Application for Damages Granted
ZALER POP HOLDINGS: Taps McCann Garland as Legal Counsel
ZIOPHARM ONCOLOGY: RSM US LLP Raises Going Concern Doubt

                            *********

15173 DOMINO'S: Taps CIN Legal as Counsel over Franchise Deal
-------------------------------------------------------------
15173 Domino's Corp. and its affiliates have filed separate
applications seeking approval from the U.S. Bankruptcy Court for
the District of Puerto Rico to hire a special counsel.

In their applications, 15173 Domino's, 1651 Domino's Corp., 1652
Domino's Corp., 1668 Domino's Corp., and Sublink Solutions Inc.
propose to hire CIN Legal Consulting to give legal advice regarding
their business including issues that may arise under their store
sub-franchise agreement with Enigma Investment Corp.; and provide
other general, corporate or litigation legal services.

Carlos Nieves-Ortega, Esq., the attorney designated to represent
the Debtors, will charge $100 per hour for his services.  The
hourly rate for paralegals and law clerks is $60.  

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

The firm can be reached through:

     Carlos Nieves-Ortega, Esq.
     CIN Legal Consulting
     World Plaza, Suite 1008
     Ave. Munoz Rivera 268
     San Juan, PR 00918
     Tel: (787) 908-7059
     Email: cnievesortega@cin-law.com

                   About 15173 Domino's Corp.

15173 Domino's Corp. sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. D.P.R. Case No. 16-10203) on December 30,
2016.  The petition was signed by Jack Henry, president.    

On January 5, 2017, 1651 Domino's Corp., 1652 Domino's Corp., 1668
Domino's Corp., and Sublink Solutions Inc. filed separate Chapter
11 petitions (Bankr. D.P.R. Case Nos. 17-00039, 17-00041, 17-00042
and 17-00043).  The petitions were also signed by Mr. Henry.  

At the time of the filing, 15173 Domino's Corp. estimated assets of
less than $50,000 and liabilities of less than $500,000.  1651
Domino's Corp. and 1652 Domino's Corp. each listed under $100,000
in both assets and liabilities.  1668 Domino's Corp. listed under
$50,000 in assets and under $100,000 in liabilities.  Sublink
Solutions, Inc. listed under $1 million in both assets and
liabilities.

The Debtors are represented by Lucas Cordova-Ayuso, Esq., at
Cordova-Ayuso Law Office LLC.


1776 AMERICAN: Staunton and Austin Taps Aim as Real Estate Broker
-----------------------------------------------------------------
Staunton Street Partners LLC and Austin Road Partners LLC, seek
authority from the U.S. Bankruptcy Court for the Southern District
of Texas to employ Aim Realty, Inc. as real estate broker to the
Debtor.

Staunton and Austin requires Aim to market and sell these
properties:

     Owner                   Property Address

   Austin          4827 Hickorygate Drive Spring, TX 77373 (AIM6)
   Austin          7203 Fuchsia Lane Humble, TX 77346 (AIM6)
   Austin          94 Dove Call Court The Woodlands, TX 77382
   Austin          38 N Spinning Wheel Circle The Woodlands,
                   TX 77382
   Staunton        10106 Peachridge Drive - 10106 Peachridge
                   Drive Houston, TX 77070
   Staunton        10911 Wilkenburg Drive - 10911 Wilkenburg
                   Drive Houston, TX 77086
   Staunton        11017 Tridens Court - 11017 Tridens Court
                   Houston, TX 77086
   Staunton        11502 Dovedale Court Houston, TX 77067
   Staunton        11515 Inga Lane Houston, TX 77064
   Staunton        11822 Perry Road Houston, TX 77070
   Staunton        12011 Gregory Crossing Way Houston, TX 77067
   Staunton        12014 Becca Crossing Way Houston, TX 77067
   Staunton        12015 Gregory Crossing Way Houston, TX 77067
   Staunton        12019 Gregory Crossing Way Houston, TX 77067
   Staunton        12631 Day Hollow Drive Houston, TX 77070
   Staunton        13526 Hampton Falls Drive Houston, TX 77041
   Staunton        15706 Tammany Lane Houston, TX 77082
   Staunton        15739 Tammany Lane Houston, TX 77082
   Staunton        15911 Whipple Tree Drive Houston, TX 77070
   Staunton        16402 Espinosa Drive Houston, TX 77083
   Staunton        1911 Crosscoach Lane Katy, TX 77449
   Staunton        19630 Southaven Drive Houston, TX 77084
   Staunton        2414 Piddler Drive Spring, TX 77373
   Staunton        2750 Sicklepod Drive Houston, TX 77084
   Staunton        3203 Silverside Drive Katy, TX 77449
   Staunton        3211 Crossfell Road Spring, TX 77388
   Staunton        3359 Silverside Drive Katy, TX 77449
   Staunton        4523 Towergate Drive Spring, TX 77373
   Staunton        4927 Monteith Drive Spring, TX 77373
   Staunton        5406 Quail Tree Lane Humble, TX 77346
   Staunton        5407 Dove Forest Lane Humble, TX 77346
   Staunton        5414 Diane Court Spring, TX 77373
   Staunton        5503 Fallengate Drive Spring, TX 77373
   Staunton        5510 Fallengate Drive Spring, TX 77373
   Staunton        6723 Tournament Drive Houston, TX 77069
   Staunton        6729 Tournament Drive Houston, TX 77069
   Staunton        6737 Tournament Drive Houston, TX 77069
   Staunton        7506 Tetela Drive Houston, TX 77083
   Staunton        7606 Kite Hill Drive Houston, TX 77041

Aim will be paid a commission of 6% of the sales price for any sale
ultimately approved and closed.

W. Ross Klingberg, member of Aim Realty, Inc., assured the Court
that the firm is a "disinterested person" as the term is defined in
Section 101(14) of the Bankruptcy Code and does not represent any
interest adverse to the Debtors and their estates.

Aim can be reached at:

     W. Ross Klingberg
     AIM REALTY, INC.
     14417 Cornerstone Village
     Houston, TX 77014
     Tel: (281) 440-4418
     E-mail: ross@aimrealtymanagement.com

              About 1776 American Properties IV, LLC

1776 American Properties IV LLC and its 12 affiliates sought
protection under Chapter 11 of the Bankruptcy Code (Bankr. S. D.
Texas Lead Case No. 17-30422) on January 27, 2017. The petition was
signed by Jeff Fisher, director of manager.

The case is assigned to Judge Karen K. Brown.

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


23 FARMS: U.S. Trustee Unable to Appoint Committee
--------------------------------------------------
An official committee of unsecured creditors has not yet been
appointed in the Chapter 11 case of 23 Farms, LLC, as of March 3,
according to a court docket.

23 Farms, LLC, a Newberry, Florida-based company with a farming
operation, filed a chapter 11 petition (Bankr. N.D. Fla. Case No.
17-10015) on Jan. 20, 2017.  The petition was signed by Joey D.
Langford, II, managing member.  The Debtor is represented by Lisa
Caryl Cohen, Esq., at Ruff & Cohen, P.A.  The case is assigned to
Judge Karen K. Specie.  At the time of the filing, the Debtor
estimated assets and liabilities at $1 million to $10 million.


362 ROUTE 108: Unsecureds May Recover 10% Under Plan
----------------------------------------------------
362 Route 108 Realty Trust filed with the U.S. Bankruptcy Court for
the District of New Hampshire a disclosure statement referring to
the Debtor's plan of reorganization.

Holders of Class 7 General Unsecured Claims will get an amount
equal to a pro rata share of the lesser of 10% of the proofs of
claim in this class -- $35,577 -- or the total amount of allowed
claims in this class -- $4,593.31 -- payable over five years.  The
holders will get monthly payments of $145.83 for the first year,
and $51.12 per month for the next four years.  The first payment is
expected within 60 days of the Effective Date, which is June 1,
2017.

To the extent that the Debtor's revenue will not be sufficient to
pay dividends becoming due, the Plan requires G. Brandt Atkins and
NHRE to commit themselves to lending the Debtor the money necessary
to pay them on an unsecured basis.  The loans will be treated as
additional paid-in capital.  Mr. Atkins and creditor NHRE may
charge interest at the minimum rate necessary to prevent the
imputation of interest.  

The plan confirmation court order will appoint William S. Gannon,
Esq., as the initial creditors' agent for the General Unsecured
Creditors holding allowed claims, who are referred to as the
Benefited Creditors in the Plan.  On or before the Effective Date,
the Debtor will execute and deliver the creditors' note, creditors'
mortgage and any other creditors' financing documents to the
creditors' agent.  The creditors' financing documents will document
the dividend payments to be made to General Unsecured Creditors
holding allowed claims and provide them with security for the
payments.  Assuming that the real estate is worth $550,000, the
Creditors' Mortgage should attach to approximately $42,333 in
equity because of the subordination of the NHRE Mortgage.

To fund the Plan, the Debtor will lease or sell real estate unless
creditor Sarnia or NHRE will exercise their mortgagee's purchase
options granted to them in the Plan.  The Debtor will retain Mr.
Atkins or another qualified commercial real estate broker, as
determined by the Debtor, to list the real estate for lease or
sale.  The initial listing price may not be less than the
reorganization value of the real estate.  The commission due the
broker will be paid only from the proceeds of a lease or sale and
will not exceed 5% of the proceeds.  In the case of a lease, the
commission will be paid monthly from rent actually paid by the
tenant or tenants.  No commission will be due if the real estate
should be sold to a mortgagee.  

A copy of the Disclosure Statement is available at:

           http://bankrupt.com/misc/nhb16-11405-65.pdf

                 About 362 Route 108 Realty Trust

362 Route 108 Realty Trust sought protection under Chapter 11 of
the Bankruptcy Code (Bankr. D.N.H. Case No. 16-11405) on Oct. 3,
2016.  The petition was signed by G. Brandt Atkins, trustee.  

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

The Debtor hired William S. Gannon, PLLC, as legal counsel.


390 ASSINIBOINE: Bid Deadline for Condo Set for March 31
--------------------------------------------------------
PricewaterhouseCoopers Inc. has been appointed by the Manitoba
Court in Canada as receiver of 390 Assiniboine Avenue Inc.

The principal business of 390 Assiniboine is the construction of
the D Condo condominium project ("Project"), a 24 storey luxury
high-rise residential condominium building, which will include 92
dwelling units upon completion.

The Receiver is administering a formal court-approved sale process
of the Project to interested parties.  The Property is partially
completed and the Receiver is currently managing the continuing
construction of the Project.

The Project is being offered for sale on an "as is, where is" basis
and the Sale Process contemplates the receipt of offers by March
31, 2017.  Interested parties that sign a confidentiality agreement
will be provided with a confidential information memorandum and
access to an electronic dataroom containing relevant information.

For more information on sale process, please contact:

   Gurpreet Brar
   Director
   PricewaterhouseCoopers Inc.
   PwC Tower
   18 York Street, Suite 2600
   Toronto, Ontario M5J 0B2
   Tel: (204) 926-2487
   Email: gurpreet.s.brar@ca.pwc.com


7 BAY CORP: Disclosures OK'd; Plan Confirmation Hearing on April 27
-------------------------------------------------------------------
The Hon. Frank J. Bailey of the U.S. Bankruptcy Court for the
District of Massachusetts has approved 7 Bay Corp.'s second amended
disclosure statement, as modified on Feb. 24, 2017, in support of
the Debtor's second amended plan of liquidation, as modified on
Feb. 24, 2017.

The hearing to consider the confirmation of the Plan will be held
on April 27, 2017, at 11:45 a.m., Eastern Standard Time.

Any objection to the plan confirmation must be filed by 4:30 p.m.,
Eastern Standard Time, on or before April 17, 2017.

Applications for compensation and reimbursement of expenses by
court-approved professional persons rendering services during the
course of the proceeding will be filed by 4:30 p.m., Eastern
Standard Time, on or before March 27, 2017.

Any objection to applications for compensation must be filed by
4:30 p.m., Eastern Standard Time, on or before April 17, 2017.

The hearing to consider the applications for compensation is
scheduled for April 25, 2017, at 11:45 a.m., Eastern Standard
Time.

By March 6, 2017, the Debtor will cause to be deposited in the U.S.
mail, postage prepaid, a solicitation package that will include:
(i) a copy of the Disclosure Statement as approved by the Court,
with all exhibits, including the Plan; (ii) a ballot; and (c) a
copy of this court order.  On or before March 5, the Debtor will
also cause a copy of the notice to be deposited in the U.S. mail,
postage prepaid, to each of the non-voting creditors.

All persons and entities entitled to vote on the Plan will deliver
their ballots by mail, overnight courier, electronic mail, or
facsimile so as to be received no later than 4:30 p.m., Eastern
Standard Time, on April 17, 2017, to the Debtor's counsel.

                    About 7 Bay Corp

7 Bay Corp, based in Hull, Massachusetts, filed a Chapter 11
petition (Bankr. D. Mass. Case No. 15-14885) on Dec. 17, 2015.  The
petition was signed by Steven Buckley, president.  Judge Frank J.
Bailey presides over the case.  John M. McAuliffe, Esq., at
McAuliffe & Associates, P.C., serves as the Debtor's counsel.  At
the time of the filing, 7 Bay estimated $1 million to $10 million
in both assets and liabilities.


A-1 EXPRESS: Can Use Cash Collateral Until March 3
--------------------------------------------------
The Hon. Paul Baisier of the U.S. Bankruptcy Court for the Northern
District of Georgia has granted A-1 Express Delivery Service, Inc.,
permission to use cash collateral on an interim basis, commencing
on Feb. 16, 2017, and ending on March 3, 2017.

A hearing to consider the continued use of cash collateral is set
for March 3, 2017, at 9:30 a.m.

Summit Financial Resources, L.P., made certain loans to the Debtor
prepetition for which it contends it is owed in excess of
$1,325,878.  Summit Financial may assert liens and security
interests in some or all of the Debtor' personal property used in
the operation of their businesses, which consists of, inter alia,
accounts, inventory, furniture, fixtures and equipment, and general
intangibles.  Summit Financial may also assert that the proceeds
received from Property consisting of accounts receivable is cash
collateral.  Additionally, ACH Capital, Corporation Service
Company, Funding Strategy Partners, AccuCredit Associates, LLC, and
SunTrust Bank may assert blanket security interests in the
Property.

Upon information and belief, the Potential Secured Creditors are
junior in priority to Summit Financial.  Further, the Debtor
believes and asserts that some or all of the Potential Secured
Creditors do not hold valid secured claims against the Debtors.
Accordingly, the Potential Secured Parties' claims, if any, are
currently in dispute.

The Debtor's use of cash collateral is essential to the continued
operation of its business, to maintain the value of the Property
and for an effective reorganization.  The Debtor does not propose
to use cash collateral to pay any amounts due and owing prior to
the Petition Date absent further order of the Court.  However,
because of the nature of the Debtor's business, it must have use of
cash collateral to meet its ongoing obligations and to preserve the
value of its assets.  Therefore, the use of cash collateral is in
the best interest of the Debtor, its estate and its creditors.

The Debtor is willing to provide adequate protection for the use of
cash collateral as follows:

     (a) Summit Financial and the Potential Secured Creditors
         will be given a replacement lien in post-petition
         accounts receivable and proceeds thereof to the extent
         the pre-petition liens are a valid, properly perfected
         and enforceable interest, and in the same relative
         priority; and

     (b) cash collateral may only be used for items set forth in a

         budget to be approved by the Court.

                 About A-1 Express Delivery Service

A-1 Express Delivery Service, Inc., based in Atlanta, Georgia,
provides same-day transportation and distribution services across
the country.  From its headquarters in midtown Atlanta, the Debtor
manages the transportation, distribution and logistics for well
over 1500 active clients, including many Fortune 500 companies with
operations throughout the United States.  The Debtor provides next
day services for Amazon in 5 cities, employing over 300 drivers.
Additionally, the Debtor operates 2 same-day florist locations in
Atlanta and Los Angeles.

The Debtor filed a Chapter 11 petition (Bankr. N.D. Ga. Case No.
17-52865) on Feb. 14, 2017.  In its petition, the Debtor estimated
$1 million to $10 million in both assets and liabilities.  The
petition was signed by Lon D. Fancher, COO, owner.

J. Robert Williamson, Esq., at Scroggins & Williamson, P.C., serves
as the Debtor's counsel.


ABRUZZO IV: Seeks to Hire Kutner Brinen as Legal Counsel
--------------------------------------------------------
Abruzzo IV, LLC seeks approval from the U.S. Bankruptcy Court for
the District of Colorado to hire legal counsel in connection with
its Chapter 11 case.

The Debtor proposes to hire Kutner Brinen, P.C. to give legal
advice regarding its duties under the Bankruptcy Code, assist in
the preparation of a plan of reorganization, and provide other
legal services.

The hourly rates charged by the firm are:

     Lee Kutner         $500
     Jeffrey Brinen     $430
     Jenny Fujii        $340
     Keri Riley         $280
     Law Clerk          $175
     Paralegal           $75  

Jeffrey Brinen, Esq., a shareholder of Kutner Brinen, disclosed in
a court filing that his firm is "disinterested" as defined in
section 101(14) of the Bankruptcy Code.

The firm can be reached through:

     Jeffrey S. Brinen, Esq.
     Keri L. Riley, Esq.
     Kutner Brinen, P.C.
     1660 Lincoln Street, Suite 1850
     Denver, CO 80264
     Telephone: (303) 832-2400
     Telecopy: (303) 832-1510
     Email: jsb@kutnerlaw.com

                      About Abruzzo IV LLC

Based in Denver, Colorado, Abruzzo IV, LLC sought protection under
Chapter 11 of the Bankruptcy Code (Bankr. D. Colo. Case No.
17-10775) on February 1, 2017.  The petition was signed by Antonio
Pasquini, president.  The case is assigned to Judge Thomas B.
McNamara.

At the time of the filing, the Debtor disclosed $725,000 in assets
and $725,000 in liabilities.


ADMA BIOLOGICS: CohnReznick LLP Raises Going Concern Doubt
----------------------------------------------------------
ADMA Biologics, Inc., filed with the U.S. Securities and Exchange
Commission its annual report on Form 10-K, disclosing a net loss of
$19.51 million on $10.66 million of total revenues for the year
ended December 31, 2016, compared to a net loss of $17.97 million
on $7.18 million of total revenues for the year ended December 31,
2015.

CohnReznick LLP states that the management believes it will
continue to incur net losses and negative net cash flows from
operating activities through the drug development, approval and
commercialization preparation process.  These conditions raise
substantial doubt about the Company's ability to continue as a
going concern.

The Company's balance sheet at December 31, 2016, showed $23.68
million in total assets, $28.14 million in total liabilities and
total stockholders' deficit of $4.46 million.

A copy of the Company's Form 10-K Report is available at:

                  https://is.gd/5SZAy3

ADMA Biologics, Inc., is a late-stage biopharmaceutical company
that develops, manufactures and intends to commercialize specialty
plasma-based biologics for the proposed treatment of immune
deficiencies and prevention of certain infectious diseases.  The
Company's targeted patient populations include immune-compromised
individuals who suffer from an underlying immune deficiency
disorder or who may be immune-suppressed for medical reasons.



ADVANCED MICRO: Director Bruce Claflin Won't Stand for Reelection
-----------------------------------------------------------------
Mr. Bruce Claflin, who is currently a member of the Board of
Directors of Advanced Micro Devices, Inc., informed the Board that
he will not stand for re-election to the Board at the Company's
2017 Annual Meeting of Stockholders.  Mr. Claflin has been a
director of the Company since 2003 and served as Chairman of the
Board from 2009 to 2016.  Mr. Claflin's decision not to stand for
re-election is not as a result of any disagreement with the
Company.  Mr. Claflin will continue to serve as a director of the
Company until the expiration of his term at the 2017 Annual Meeting
of Stockholders.

                 About Advanced Micro Devices

Sunnyvale, California-based Advanced Micro Devices, Inc.,
(NASDAQ:AMD) is a global semiconductor company.  AMD --
http://www.amd.com/-- offers x86 microprocessors, as a standalone
central processing unit (CPU) or as incorporated into an
accelerated processing unit (APU), chipsets, and discrete graphics
processing units (GPUs) for the consumer, commercial and
professional graphics markets, and server and embedded CPUs, GPUs
and APUs, and semi-custom System-on-Chip (SoC) products and
technology for game consoles.

AMD incurred a net loss of $660 million on $3.99 billion of net
revenue for the year ended Dec. 26, 2015, compared to a net loss of
$403 million on $5.50 billion of net revenue for the year ended
Dec. 27, 2014.

                          *     *     *

In September 2016, S&P Global Ratings affirmed its 'CCC+' corporate
credit rating on Sunnyvale, Calif.-based AMD.  The outlook is
stable.  In addition, S&P assigned its 'CCC' issue-level rating to
the company's senior unsecured convertible notes due in 2026.  S&P
said the ratings reflect AMD's vulnerable business risk profile:
weak PC industry conditions, intense competition from Intel, and
challenges to grow in targeted enterprise, and embedded and
semi-custom product markets to offset PC business declines.

In September 2016, Moody's Investors Service affirmed AMD's 'Caa1'
corporate family rating and the 'Caa2' rating on the senior
unsecured notes, and revised the rating outlook to positive from
negative.  The speculative grade liquidity rating is upgraded to
SGL-2 from SGL-3.  The positive outlook reflects AMD's prospects
for improved operating performance and cash generation as well as
the improved product portfolio enabling the company to compete in
the current discrete GPUs (graphics processing unit), APUs
(application process units), x86 and ARM CPUs (central processing
unit) market.  Moody's said, "Although we expect ongoing revenue
declines and operating losses in its PC-related business
(microprocessors and graphics chips), the growing EESC (enterprise,
embedded, and semi-custom) business supported by the reported
design wins, we project break even to modest profitability
beginning in the second half of 2016."

In March 2016, Fitch Ratings downgraded and withdrew the ratings
for AMD including the Long-term Issuer Default Rating (IDR) to
'CCC' from 'B-'.  Fitch has withdrawn AMD's ratings for commercial
reasons.  The downgrade reflects prospects for negative free cash
flow (FCF) over the intermediate term and the consequent liquidity
issues and refinancing risk that could develop as the 2019 and 2020
debt maturities approach.


AEROPOSTALE INC: Wants Exclusive Plan Filing Extended to May 1
--------------------------------------------------------------
Aeropostale, Inc., et al., is asking the U.S. Bankruptcy Court for
the Southern District of New York to extend the deadlines for the
exclusive filing of plan of reorganization through and including
May 1, 2017, and for exclusive solicitation period through and
including June 30, 2017.  
A hearing on the Debtors' request is set for March 6, 2017, at
10:00 a.m. (Eastern Time).

As reported by the Troubled Company Reporter on Jan. 18, 2017, the
Hon. Sean H. Lane of the U.S. Bankruptcy Court for the Southern
District of New York extended the Debtor's exclusive periods for
filing a Chapter 11 Plan and soliciting acceptances to the plan
through March 1, 2017 and April 30, 2017, respectively.

Alex Wolf, writing for Bankruptcy Law360, reports that the Debtor
indicated that it now seeks additional time to work out all of the
details of its Chapter 11 exit strategy.

                      About Aeropostale, Inc.

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

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

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

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

Judge Sean H. Lane is assigned to the cases.

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


ALLY FINANCIAL: Declares $957M Comprehensive Income in 2016
-----------------------------------------------------------
Ally Financial Inc. filed with the Securities and Exchange
Commission its annual report on Form 10-K disclosing that Ally and
its units had comprehensive income of $957 million on $8.305
billion of financing revenue and other interest income for the year
ended Dec. 31, 2016, compared with comprehensive income of $1.124
billion on $8.397 billion of financing revenue and other interest
income for the year ended Dec. 31, 2015.

The increase was primarily due to an increase in net financing
revenue and other interest income and lower losses on the
extinguishment of debt.  Results for the year ended Dec. 31, 2016,
were also favorably impacted by increases in other gain on
investments and other income, and a decrease in income tax
expense.

Net financing revenue and other interest income at the Company's
Automotive Finance operations was favorably impacted by higher
consumer financing revenue primarily due to the execution of the
Company's continued strategic focus on expanding risk-adjusted
returns and an increase in retail assets, as well as higher
commercial financing revenue primarily resulting from an increase
in dealer floorplan assets.  The increase was offset by a decrease
in operating lease revenue, net of depreciation, primarily
resulting from substantially lower lease remarketing gains, and the
runoff of their GM lease portfolio.

As of Dec. 31, 2016, Ally and its units ("Ally Consolidated") had
$163.73 billion in total assets, $150.4 billion in total
liabilities, and $13.32 billion of stockholders' equity.

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

                       https://is.gd/H0lJnV

                       About Ally Financial

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

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

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

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

                           *     *     *

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

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

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

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

LSB Industries, Inc., filed with the Securities and Exchange
Commission its annual report on Form 10-K disclosing net income
attributable to shareholders of $64.76 million on 374.6 million of
net sales for the year ended Dec. 31, 2016, compared with a net
loss of $38.038 million on $437.7 million of net sales for the
quarter ended Dec. 31, 2015.

As of Dec. 31, 2016, LSB Industries, Inc. had $1.270 billion in
total assets, $777.9 total assets in total liabilities, and $492.5
of total stockholders' equity.

In general, for 2016, LSB's agricultural sales were lower,
influenced by lower selling prices for ammonia, UAN and HDAN,
partially offset by higher sales volume from improved on-stream
rates at their facilities in 2016.  Industrial products sales and
mining sales both decreased due primarily to lower selling prices
partially offset by higher overall sales volumes.  In addition,
other products, which includes their natural gas working interest,
decreased as natural gas sales prices and volumes declined in 2016
compared to 2015.

LSB Industries pursues a strategy of balancing the sale of product
as fertilizer into the agriculture markets at spot prices and
developing industrial and mining customers that purchase
substantial quantities of products, primarily under contractual
obligations and/or pricing arrangements that provide for the pass
through of raw material and other manufacturing costs.  They
believe that this product and market diversification strategy
allows them to have consistent levels of production and helps
mitigate the volatility risk inherent in the prices of their raw
material feedstocks and/or the changes in demand for their
products.  For 2016, approximately 54% of their sales were to the
industrial and mining markets and approximately 44% of their sales
were to the agricultural markets, primarily at the market price at
the time of sale.

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

                       https://is.gd/x2T9Wv

                       About LSB Industries

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.

                           *    *    *

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.


AMERICAN AIRLINES: 2020 Loan Repricing No Impact on Fitch's BB- IDR
-------------------------------------------------------------------
Fitch Ratings does not expect the planned re-pricing of American
Airlines, Inc.'s senior secured term loan B due in June of 2020 to
impact the ratings of the company or the loan. American's Long-Term
Issuer Default Rating (IDR) is 'BB-', and the Rating Outlook is
Stable. Fitch rates the term loan 'BB+/RR1'.

American is in the process of repricing its existing 2013 credit
facility which consists of a $1.8 billion term loan B and a $1.4
billion revolving credit facility. The facility is secured by
take-off and landing slots, foreign gate leaseholds and route
authorities, which represent the company's entire South American
franchise. The re-pricing will not affect the key provisions, the
collateral, or the maturity of the facility.

The 'BB+/RR1' rating on the term loan is based on Fitch's recovery
analysis which reflects a scenario in which a distressed enterprise
value is allocated to the various debt classes in a going-concern
scenario. The 'RR1' Recovery Rating reflects Fitch's belief that
secured creditors would receive superior recovery based on an
estimate of American's distressed enterprise value. In a
going-concern scenario (which Fitch considers the most likely
scenario), recovery values are supported by the underlying
collateral's strategic importance to AAL. The company has a leading
share of the U.S./South America market. The region also represents
a key area of potential growth as certain South American markets
rebound from recent periods of economic weakness. Therefore, first
lien holders would be expected to hold significant sway in any
future reorganization.

American's 'BB-' Issuer Default Rating (IDR) is supported by the
strong financial results that American has posted since its merger
with U.S. Airways and concurrent emergence from bankruptcy. Fitch
expects continued solid financial results from American over the
intermediate term based on a stable domestic travel environment,
moderate fuel costs, and the benefits of the company's on-going
integration and fleet renewal processes.

AAL's sizable liquidity balance is also supportive of the ratings.
As of year-end 2016, AAL had a total unrestricted cash and
short-term investments balance of $6.8 billion plus $2.4 billion in
undrawn revolver capacity, equal to 23% of LTM revenue. American
recently increased its minimum liquidity target to $7 billion from
$6.5 billion, which Fitch views as a credit positive.

The 'BB-' rating also incorporates the risks in American's credit
profile, including a significant debt balance and expectations for
leverage to be somewhat high for the rating over the next two
years, heavy capital requirements in 2017, and shareholder focused
cash deployment.

KEY ASSUMPTIONS
Fitch's key assumptions within the rating case for American
include;

-- Capacity growth in the low single digits through the forecast
    period;

-- Continued moderate economic growth in the U.S. over the near
    term, translating into stable demand for air travel;

-- Jet Fuel prices equating to roughly $55/barrel on average for
    2017, increasing to approximately $65/barrel by the end of the

    forecast period.

RATING SENSITIVITIES
Positive Rating Sensitivities for the corporate rating include:

-- Adjusted leverage sustained below 4x;

-- Funds from operations (FFO) fixed charge coverage sustained
    around 3x;

-- Free cash flow generation above Fitch's base case expectation;

-- Further progress towards reaching joint collective bargaining
    agreements with various labor groups.

Future actions that may individually or collectively cause Fitch to
take a negative rating action include:

-- Adjusted debt/EBITDAR sustained above 4.5x;

-- EBITDAR margins deteriorating into the low double-digit range;

-- Shareholder focused cash deployment at the expense of a
    healthy balance sheet.

Fitch currently rates American as follows:

American Airlines Group Inc.

-- Long-Term IDR 'BB-';

-- Senior unsecured notes 'BB-/RR4'.

American Airlines, Inc.

-- Long-Term IDR 'BB-';

-- Senior secured credit facilities 'BB+/RR1'.



ANGIOSOMA INC: Issues 5.9M Shares in Partial Conversion of Notes
----------------------------------------------------------------
AngioSoma, Inc. issued 1,498,124 shares of common stock to Crane
Creek, Inc. on June 28, 2016, in partial conversion of a
convertible promissory note.

On Aug. 4, 2016, the Company issued 500,000 shares of common stock
to NeuHaus Advisors, Inc. in partial conversion of a convertible
promissory note.

On Sept. 28, 2016, the Company issued 1,500,000 shares of common
stock to Desert Bloom Capital LTD in partial conversion of a
convertible promissory note.

On Oct. 27, 2016, the Company issued 1,500,000 shares of common
stock to Pinnacle Capital Partners LLC in partial conversion of a
convertible promissory note.

On Nov. 1, 2016, the Company issued 1,000,000 shares of common
stock to NeuHaus Advisors, Inc. in partial conversion of a
convertible promissory note.  

The shares were issued in reliance on Section 3(a)(9) and sold into
the public markets in reliance on Section 4(a)(1) of the Securities
Act of 1933 and Rule 144 thereunder.

                     About Angiosoma Inc.

Angiosoma Inc., a Nevada corporation, was incorporated on September
16, 2010.  The Company was formed to design and manufacture both
panel and engineered/tooled custom vacuum formed instrument panels
and wiring harnesses, required for the monitoring of any final
product that utilizes a gas or diesel engine source.  The Company
is currently primarily an oil and gas exploration company.

As of June 30, 2016, Angiosoma had $3.25 million in total assets,
$713,110 in total liabilities and $2.53 million in total
stockholders' equity.

For the period from inception (April 29, 2016) through June 30,
2016, the Company had a net loss of $83,918 and negative cash flow
from operating activities of $12,001.  As of June 30, 2016, the
Company had negative working capital of $648,128.  Management does
not anticipate having positive cash flow from operations in the
near future.  These factors raise a substantial doubt about the
Company's ability to continue as a going concern, as disclosed in
the Company's quarterly report on Form 10-Q for the period ended
June 30, 2016.


ARCONIC INC: Fitch to Continue Coverage Until Further Notice
------------------------------------------------------------
Following its press release dated Feb. 3, 2017, Fitch has reviewed
its previous intention to withdraw rating coverage of Arconic Inc.,
and opted to continue coverage until further notice. As a result of
this review, Fitch is also shifting its coverage of Arconic Inc. to
its Industrials sector team from its Natural Resources team.

Fitch currently rates Arconic Inc. as follows:

-- Long-Term Issuer Default Rating 'BB+'; Outlook Stable;
-- Short-Term Issuer Default Rating 'B';
-- Senior unsecured notes 'BB+';
-- Senior unsecured revolving credit facility 'BB+';
-- Commercial paper 'B';
-- Preferred stock 'BB-'.

Fitch's last rating action for Arconic Inc. was on Sept. 16, 2016,
when the rating on the mandatory convertible preferred stock was
withdrawn. The prior rating action for Arconic Inc. was on July 7,
2016, when the ratings were removed from Rating Watch Evolving and
assigned a Stable Outlook.


AVAYA INC: Seeking to Pay Execs Up to $3.7-Mil. in Bonuses
----------------------------------------------------------
Lillian Rizzo, writing for The Wall Street Journal Pro Bankruptcy,
reported that Avaya Inc. is seeking to pay its chief executive and
10 other top executives up to $3.7 million in bonuses for the
second quarter of this year.

According to the report, citing documents filed in Bankruptcy
Court, while Avaya's "overriding goal remains to complete" its
reorganization, its ability to achieve this goal, as well as
minimizing disruption to customers, vendors, and employees, depends
on its management keeping the troubled telecommunications services
company's business stable.

If Avaya achieves these goals, then Chief Executive Kevin Kennedy,
whose annual salary is $1.25 million, stands to receive $1.25
million to $1.56 million as a quarterly bonus, the report said,
citing court papers.

The bonus proposal, which is subject to bankruptcy-court approval,
aims to pay out $3 million in bonuses to the 11 executives if the
company notches $170 million in adjusted earnings before interest,
taxes, depreciation and amortization for the quarter ending March
31, the report said.

If Avaya's adjusted Ebitda for the quarter, the second of its 2017
fiscal year, rises to $205 million, then the bonus payout increases
to $3.7 million, court papers show, the report added.

The Troubled Company Reporter, citing WSJ, previously reported that
Avaya has 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.

                             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.


AYTU BIOSCIENCE: Receives $2.2 Million from Exercise of Warrants
----------------------------------------------------------------
Aytu BioScience, Inc., announced the successful completion of its
tender offer to amend and exercise certain categories of existing
warrants originally issued to investors participating in the
Company's May 2016 and October 2016 financings.  The tender offer
expired at 11:59 P.M. Eastern Time on the evening of Feb. 27,
2017.

The gross cash proceeds from the warrant exercises were
approximately $2.2 million, with net cash proceeds, after deducting
warrant solicitation agent fees and other estimated offering
expenses, totaling approximately $2.0 million.  Proceeds are
anticipated to be used for working capital and general corporate
purposes.

"We're pleased with the broad support and participation in our
warrant tender offer and are grateful to our loyal shareholders,"
said Josh Disbrow, chairman & chief executive officer of Aytu.
"This offering will provide additional capital to support our
growth as we continue our commercialization plans and move forward
with our recent launch of Natesto in the U.S. and MiOXSYS® in key
ex-U.S. markets around the world.  The successful warrant tender
also streamlines our capital structure and reduces the warrant
liability recorded on our financial statements."

As of the expiration date, an aggregate of 2,991,041 original
warrants were tendered by their holders, inclusive of members of
the Aytu management team and board of directors, and were amended
and exercised in the tender offer at a temporarily reduced exercise
price of $0.75 per share.

Joseph Gunnar & Co., LLC and Fordham Financial Management, Inc.
assisted the company as warrant solicitation agents.

                     About Aytu Bioscience

Aytu BioScience, Inc. (OTCMKTS:AYTU) is a commercial-stage
specialty healthcare company concentrating on developing and
commercializing products with an initial focus on urological
diseases and conditions.  Aytu is currently focused on addressing
significant medical needs in the areas of urological cancers,
hypogonadism, urinary tract infections, male infertility, and
sexual dysfunction.

Aytu Bioscience reported a net loss of $28.18 million for the year
ended June 30, 2016, following a net loss of $7.72 million for the
year ended June 30, 2015.

As of Dec. 31, 2016, Aytu Bioscience had $21.50 million in total
assets, $11.05 million in total liabilities and $10.44 million in
total stockholders' equity.

EKS&H LLLP, in Denver, Colorado, issued a "going concern"
qualification on the consolidated financial statements for the year
ended June 30, 2016, citing that the Company has suffered recurring
losses from operations and has a net capital deficiency that raises
substantial doubt about the Company's ability to continue as a
going concern.


BANJO & MALDITA: Net Loss, Deficit Raises Going Concern Doubt
-------------------------------------------------------------
Banjo & Matilda Inc. filed with the U.S. Securities and Exchange
Commission its quarterly report on Form 10-Q, disclosing a net loss
of $253,358 on $880,304 of revenues for the three-months ended
September 30, 2015, compared to a net loss of $137,691 on $746,763
of revenues for the same period in 2014.

The Company's balance sheet at September 30, 2015, showed $1.06
million in total assets, $2.72 million in total liabilities and
total stockholders' deficit of $1.66 million.

The Company reported accumulated deficit of $3,355,363 as of
September 30, 2015.  The Company also incurred net losses of
$253,358 and $137,691 for the three-month periods ended September
30, 2015 and 2014, respectively and had negative working capital
for the three-month periods ended September 30, 2015 and 2014.  To
date, these losses and deficiencies have been financed principally
through the loans from related parties and from third parties.

There is substantial doubt as to the Company's ability to continue
as a going concern without a significant infusion of capital.  The
Company anticipates that it will have to raise additional capital
to fund operations over the next 12 months.  To the extent that the
Company is required to raise additional funds to acquire
properties, and to cover costs of operations, the Company intend to
do so through additional offerings of debt or equity securities.
There are no commitments or arrangements for other offerings in
place, no guaranties that any such financing would be forthcoming,
or as to the terms of any such financing.  Any future financing
will involve substantial dilution to existing investors.

A full-text copy of the Company's Form 10-Q is available at:

                     https://is.gd/2HoEAH

Based in Santa Monica, Calif., Banjo & Matilda Inc. designs,
manufactures, retails, and wholesales knitwear for women.  It also
offers cashmere knitwear, including sweaters and pants, as well as
accessories, such as cashmere scarves, slippers, eye-masks, and
travel blankets.



BARTELLO PROPERTIES: Hires Thomas as Counsel
--------------------------------------------
Bartello Properties, LLC, seeks authority from the U.S. Bankruptcy
Court for the District of Nevada to employ the Law Office of
Timothy P. Thomas, LLC as counsel to the Debtor.

Bartello Properties requires Thomas to:

   a. give the Debtor legal advice with regard to its rights,
      obligations and performance of duties as a debtor in
      possession during the administration of the bankruptcy
      case;

   b. counsel and represent the Debtor in all proceedings before
      the Court or before other courts with jurisdiction over the
      case; and

   c. assist the Debtor in evaluating their legal positions and
      strategy and assistance in performing their duties set
      forth in 11 U.S.C. 1107;

Thomas will be paid at these hourly rates:

     Attorney               $350
     Paralegal              $125

Thomas will be paid a retainer in the amount of $10,000.

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

Timothy P. Thomas, partner of the Law Office of Timothy P. Thomas,
LLC, assured the Court that the firm is a "disinterested person" as
the term is defined in Section 101(14) of the Bankruptcy Code and
does not represent any interest adverse to the Debtor and its
estates.

Thomas can be reached at:

     Timothy P. Thomas, Esq.
     LAW OFFICE OF TIMOTHY P. THOMAS, LLC
     1771 E. Flamingo Rd. Suite B-212
     Las Vegas, NV 89119
     Tel: (702) 227-0011

              About Bartello Properties, LLC

Bartello Properties, LLC, sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. D. Nev. Case No. 16-15861) on Nov. 1, 2016.
The petition was signed by Vincent Bartello, manager.

The case is assigned to Judge Bruce T. Beesley. Mincin Law PLLC
serves as bankruptcy counsel to the Debtor.

At the time of the filing, the Debtor disclosed $1.70 million in
assets and $884,437 in liabilities.



BERGEN PLAZA: Hires Kelly Firm as Attorney
------------------------------------------
Bergen Plaza Fairview, LLC, seeks authority from the U.S.
Bankruptcy Court for the District of New Jersey to employ The Kelly
Firm, P.C. as attorney to the Debtor.

Bergen Plaza requires Kelly Firm to represent the Debtor in the
Chapter 11 bankruptcy case.

Kelly Firm will be paid at these hourly rates:

     Andrew J. Kelly                $400
     Chryssa Yaccarino              $275
     Karyn Kennedy Branco           $275
     Paralegal                      $100

Kelly Firm will be paid a retainer in the amount of $2,000.

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

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

Kelly Firm can be reached at:

     Andrew J. Kelly, Esq.
     THE KELLY FIRM, P.C.
     1011 Highway 71, Suite 200
     Spring Lake, NJ 07762
     Tel: (732) 449-0525

              About Bergen Plaza Fairview, LLC

Bergen Plaza Fairview, LLC, based in Fairview, NJ, filed a Chapter
11 petition (Bankr. D.N.J. Case No. 17-13370) on February 22, 2017.
The Hon. Stacey L. Meisel presides over the case. Andrew J. Kelly,
Esq., at Kelly Firm, P.C., to serve as bankruptcy counsel.

In its petition, the Debtor estimated $1 million to $10 million in
both assets and liabilities. The petition was signed by Aaron Taub,
manager



BLANCHETTE ROCKEFELLER: Unsecureds to be Paid from Sale Proceeds
----------------------------------------------------------------
Blanchette Rockefeller Neurosciences Institute, Inc., filed with
the U.S. Bankruptcy Court for the Northern District of West
Virginia a disclosure statement dated Feb. 27, 2017, referring to
the Debtor's plan of liquidation dated Feb. 27, 2017.

Pursuant to the Plan, the Debtor proposes an orderly distribution
of certain of the Debtor's remaining assets, consisting primarily
of the net sale proceeds of the 363 Sale, as supplemented, if
necessary, by the APA supplemental funds.  The Plan provides that
all funds will be paid to creditors on account of their allowed
claims in accordance with the distributive priorities of the
Bankruptcy Code and the Plan.

Class 3 General Unsecured Claims will be paid in full on or after
the Effective Date.

Payments and distributions under the Plan will be funded by the net
sale proceeds from the 363 Sale, supplemented, if necessary, by the
APA supplemental funds, as that term is defined in the Plan and the
APA.  The Disclosure Statement is available at:

         http://bankrupt.com/misc/wvnb16-00771-187.pdf

                 About Blanchette Rockefeller

Blanchette Rockefeller Neurosciences Institute, Inc., based in
Morgantown, West Virginia, is a not-for-profit 501(c)(3)
corporation organized in June 1999.  The Debtor is a medical
research organization focused on the continued active conduct of
medical research on neurologic and cognitive disorders.

The Debtor filed a Chapter 11 petition (Bankr. N.D.W. Va. Case
No. 16-00771) on July 28, 2016. The Hon. Patrick M. Flatley
presides over the case. Rayford K. Adams, III, Esq., at Spilman
Thomas & Battle, PLLC, as bankruptcy counsel.

In its petition, the Debtor estimated $1 million to $10 million in
assets and $500,000 to $1 million in liabilities.  The petition was
signed by Shana Kay Phares, president and chief executive officer.

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


BRETHREN VILLAGE: Fitch Rates $102MM 2017 Revenue Bonds 'BB+'
-------------------------------------------------------------
Fitch Ratings has assigned a 'BB+' rating to the following bonds
issued by Lancaster County Hospital Authority on behalf of Brethren
Village (BV):

-- $102 million revenue bonds series 2017.

Bond proceeds will current refund outstanding debt, fund a debt
service reserve account, and pay issuance costs. The bonds are
scheduled to sell via negotiated sale during the week of March 20,
2017.

The Rating Outlook is Stable.

SECURITY

The bonds are secured by a mortgage on BV's main campus, security
interest in pledged assets (including gross receipts) and a debt
service reserve fund.

KEY RATING DRIVERS

HIGH DEBT POSITION: BV's debt burden is high with pro forma maximum
annual debt service (MADS) of approximately $8.8 million amounting
to 22.2% of fiscal 2016 total operating revenues. Additionally as
of fiscal 2016, debt to net available (9.0x) and adjusted debt to
capital (87.8%) are in line with Fitch's respective non-investment
grade medians of 8.4x and 79.5%.

MODEST LIQUIDITY METRICS: As of Dec. 31, 2016, BV's $29.75 million
of unrestricted cash and investments amounted to 287 days cash on
hand (DCOH) and 26.6% of long-term debt. Both of these ratios are
somewhat comparable to Fitch's non-investment grade medians of 256
DCOH and 34.9% cash to debt. However, BV benefits financially from
its $12 million of restricted funds that are used to support
operations.

EXPANSION PLANS: BV is embarking on an expansion project that
consists of 72 new ILUs and costs about $28.2 million. The project
will be partially funded by a bank loan consisting of $15 million
of permanent debt and $5 million of temporary debt that is expected
to be repaid with initial entrance fees.

CONSISTENTLY STRONG DEMAND: Driven by favorable service area
demographics, a very long operating history, attractive facilities
and expansive service offerings, demand trends are strong. Average
occupancy in BV's ILUs (95.8%), assisted living units (ALU: 96.8%)
and skilled nursing facility (SNF: 98.1%) all exhibited healthy
levels from fiscal 2014 through the six month period ending
Dec. 31, 2016.

GOOD OPERATING PROFITABILITY: Partially as a result of BV's strong
demand and enhanced pricing flexibility, profitability is good with
the net operating margin (NOM) and net operating margin- adjusted
(NOMA) averaging a healthy 17.9% and 27.7%, respectively, from
fiscal 2013 to fiscal 2016. These metrics compare favorably to
Fitch's respective non-investment grade medians of 5.7% and 20%.

RATING SENSITIVITIES

MAINTENANCE OF OPERATING PROFILE: The 'BB+' rating assumes that
Brethren Village's current operating profile, characterized by high
occupancy across all levels of care, strong operating margins and
modest liquidity, remains stable. Should any of these weaken during
the construction and fill-up period or debt service coverage
declines, there could be negative rating pressure.

EXPANSION PLAN PROJECT MANAGEMENT: The 'BB+' rating incorporates
the appropriate management of the construction project and fill-up
of the new ILUs according to forecasts. Significant cost overruns
or occupancy and fill-up levels that hamper financial performance
or position could result in negative rating action.

CREDIT PROFILE

BV operates a life plan community (LPC) with 505 ILUs, 141 ALUs,
120 SNF beds, and a 20-bed short-stay rehabilitation center, on a
96-acre campus in Manheim Township, PA that is located about four
miles north of the city of Lancaster, PA. BV currently offers 90%
refundable or non-refundable entrance fee residency agreements,
with three types of contracts for its ILU residents,
fee-for-service, modified lifecare, and lifecare. Non-refundable
entrance fees are approximately 37.5% lower than the refundable
entrance fees. While the entrance fee amounts for the three
contract types are the same, monthly service fees are increased for
both the modified lifecare and lifecare arrangements. A majority
(approximately 62%) of ILU residents have non-refundable entrance
fee agreements and about 86% are on fee-for-service contracts.

In addition to BV, the limited liability company, Rehabilitation
Center at Brethren Village, which is owned by BV and operates the
short-stay rehabilitation center, is a member of the obligated
group. Three other BV affiliates that operate an affordable housing
complex and own real estate are not obligated group members. The
obligated group represents about 95.8% of total system assets and
97% of total system revenues in fiscal 2016 (June 30 year-end).
Fitch used the obligated group financial statements for fiscal 2016
and the consolidated financial statements for fiscal 2012 - 2015 in
its analysis and figures cited in this press release.


BRIGHT MOUNTAIN: Sostre Had $43,640 in Assets as of Sept. 30
------------------------------------------------------------
As reported in the Current Report on Form 8-K filed by Bright
Mountain Media, Inc., on Dec. 16, 2016, Bright Mountain acquired
the assets of the Black Helmet apparel division from Sostre
Enterprises, Inc. pursuant to the terms of the Asset Purchase
Agreement by and among the company, its subsidiary Bright Mountain,
LLC, the Seller, Pedro Sostre III and James Love.

On Feb. 28, 2017, the Company filed an amended Report on Form 8-K/A
to provide the required historical financial statements and pro
formas of Sostre Enterprises.

As of Sept. 30, 2016, Sostre had $43,640 in total assets, $324,269
in total liabilities and a total shareholders' deficit of $280,629.
For the nine months ended Sept. 30, 2016, Sostre recognized a net
loss of $74,665 on $802,726 of total revenues compared to a net
loss of $50,938 on $977,519 of total revenues for the same period a
year ago.

A full-text copy of the financial statement is available at:

                    https://is.gd/NqlYNx

                    About Bright Mountain

Based in Boca Raton, Fla., Bright Mountain Media, Inc., a media
holding company, owns and manages Websites in the United States.
It operates through two segments, Product Sales and Services.  The
company develops Websites, which provide information and news to
military, law enforcement, first responders, and other public
sector employees; and information, including originally written
news content, blogs, forums, career information, and videos.

As of Sept. 30, 2016, Bright Mountain had $2.20 million in total
assets, $512,694 in total liabilities and $1.69 million in total
shareholders' equity.

"The Company sustained a net loss of $1,989,265 and used cash in
operating activities of $1,394,127 for the nine months ended
September 30, 2016.  The Company had an accumulated deficit of
$8,147,020 at September 30, 2016.  These factors raise substantial
doubt about the ability of the Company to continue as a going
concern for a reasonable period of time.  The Company's
continuation as a going concern is dependent upon its ability to
generate revenues and its ability to continue receiving investment
capital and loans from related parties to sustain its current level
of operations," as disclosed in the Company's quarterly report for
the period ended Sept. 30, 2016.


BRUCE FINDER: Can Use Cash Collateral Until March 17
----------------------------------------------------
The Hon. Deborah L. Thorne of the U.S. Bankruptcy Court for the
Northern District of Illinois authorized Bruce Finder Sales, Inc.,
to use Fifth Third Bank's cash collateral on an interim basis until
March 17, 2017.

The Debtor must pay by Feb. 28, 2017, Fifth Third Bank as adequate
protection $2,735.87.

A status hearing on the Debtor's right to use cash collateral and
entry of a final court order will be held on March 14, 2017, at
10:00 a.m.

A copy of the court order and the budget is available at:

           http://bankrupt.com/misc/ilnb17-02122-30.pdf

As reported by the Troubled Company Reporter on Feb. 6, 2017, Judge
Thorne authorized the Debtor's cash collateral on an interim basis
until Feb. 17, 2017.

The Debtor is indebted to Fifth Third Bank pursuant to certain loan
agreements.  Fifth Third Bank has a perfected first priority
security interest in all the Debtor's assets and property,
currently-owned and later-acquired, as well as security interests
in their proceeds.

Fifth Third Bank is granted valid, binding, enforceable and
perfected liens and security interests in and on any of the
Debtor's currently-owned collateral or collateral acquired since
the Petition Date, to the same extent, validity and priority held
by Fifth Third Bank prior to the petition date.

                    About Bruce Finder Sales, Inc.

Bruce Finder Sales, Inc., dba BFS Metals, dba Chicago Plastic
Supply, based in Cicero, Illinois, filed a Chapter 11 petition
(Bankr. N.D. Ill. Case No. 17-02122) on Jan. 25, 2017.  The
petition was signed by Bradley Finder, president.  The Debtor is
represented by Allan O. Fridman, Esq., at the Law Office of O.
Allan Fridman.  The case is assigned to Judge Deborah L. Thorne.
The Debtor disclosed total assets at $1.10 million and total
liabilities at $1.18 as of Dec. 31, 2016.


CAL NEVA LODGE: Plan Has $34MM Equity Investment from Mayer Fin'l
-----------------------------------------------------------------
Cal Neva Lodge, LLC, and New Cal-Neva Lodge, LLC, each filed with
the U.S. Bankruptcy Court for the District of Nevada disclosure
statements referring to their joint Chapter 11 plan of
reorganization dated Feb. 27, 2017.

Under the Plan, the Class 6 General Unsecured Claims in the New
Cal-Neva Lodge Case and the Class 7 General Unsecured Claims in Cal
Neva Case are impaired.  In full and final satisfaction,
settlement, release, and discharge of an in exchange for each
Allowed General Unsecured Claims, on the later of (a) the Effective
Date and (b) the date on which the General Unsecured Claim becomes
allowed, or as soon as practicable thereafter, each holder of the
Allowed General Unsecured Claims will be paid either (i) the full
principal amount of its claim in cash without interest if there is
sufficient cash remaining from the Preferred Equity Investment, or
(d) the pro rata amount on account of its claim without interest if
there is not sufficient Cash remaining from the Preferred Equity
Investment to pay the claims in full.

The Plan is premised on an equity investment of up to $34 million
in the Debtors by Mayer Financial, L.P.  From the Preferred Equity
Investment, the Debtors project that there will be sufficient funds
to pay all creditors of both Debtors substantially in full, and
sufficient funds to complete the renovation of the resort.

From the Preferred Equity Investment, funds will be distributed as
follows to: (i) pay in full any outstanding real property taxes,
(ii) reinstate the secured loan obligations owing to Hall CA-NV,
LLC and Ladera Development, LLC, on terms acceptable to each of
them, (iii) pay in full any and all Allowed Claims secured by valid
and unavoidable Mechanics' Liens, (iv) pay in full any and all
Allowed Administrative Claims in the New Cal-Neva Case, (v) pay in
full any and all Allowed Priority Tax Claims and Priority Non-Tax
Claims in the New Cal-Neva Case, (vi) pay all or substantially all
of the principal amount of Allowed General Unsecured Claims in the
New Cal-Neva Case, (vii) pay in full any and all Allowed
Administrative Claims in the Cal Neva Case, (viii) pay in full any
and all Allowed Priority Claims and Priority Non-Tax Claims in the
Cal Neva Case, (ix) pay all or substantially all of the principal
amount of Allowed General Unsecured Claims in the Cal Neva Case,
and (x) pay all costs to complete the renovation of the Resort.

Following the distribution and payment of items, new membership
interests in New Cal-Neva will be issued to the Preferred Member
and Cal Neva as follows: (i) 75% to the Preferred Member and (ii)
25% to Cal Neva, with distributions of Net Cash Flow and Net
Proceeds to be distributed in the following order and precedence:
(a) the return of the Preferred Equity Investment to the Preferred
Member, (b) a preferred return on the Preferred Equity Investment
equal to the greater of a 20% internal rate of return or a 1.70x
multiple of the Preferred Equity Investment, (c) the return of the
Cal Neva Equity ($22 million), (d) a preferred return on the Cal
Neva Equity investment equal to a 10% internal rate of return from
the Effective Date, and thereafter (e) 75% to the Preferred Member
and 25% to Cal Neva.

The Plan will be funded by the Preferred Equity Investment, cash on
hand as of the Effective Date, and any net proceeds received by the
Debtors or the Reorganized Debtor on account of any cause of
action.

A full-text copy of the Disclosure Statement for Cal Neva Lodge is
available at:

            http://bankrupt.com/misc/nvb16-51281-154.pdf

A full-text copy of the Disclosure Statement for New Cal Neva Lodge
is available at:

            http://bankrupt.com/misc/nvb16-51282-395.pdf

As reported by the Troubled Company Reporter on Jan. 13, 2017,
creditors Leslie P. Busick, Paul Jameson, David Marriner, Michael
and Sharon Dixon, Charles and Judith Munnerslyn, Anthony Zabit, and
Paul and Evy Paye, filed with the Court disclosure statements and
plans of reorganization for the Debtors.

Under the Creditors' Plan for Cal Neva Lodge, the undisputed
portion of Class 1 Claims of Unsecured Creditors would be paid on
the Effective Date, and the portion of the claim that is disputed
would be maintained in a trust account established by Suntoro
including interest as determined by the Court for a period of 6
months, and will be paid once the claim is an Allowed Claim
following the Claim Objection Procedure.  Under the New Cal-Neva
Lodge plan, the undisputed portion of Class 5 Claims of Unsecured
Creditors would be paid on the Effective Date, while the portion of
the claim that is disputed would be maintained in the Disputed
Claims Account, including interest as determined by the Bankruptcy
Court for a period of 6 months, and shall be paid once the claim is
an Allowed Claim following the Claim Objection Procedure.

                       About Cal Neva Lodge

Cal Neva Lodge, LLC, initially filed a Chapter 11 bankruptcy
petition (Bankr. N.D. Cal. Case No. 16-10514) on June 10,
2016.

The case was subsequently transferred to the U.S. Bankruptcy Court
for the District of Nevada on Oct. 13, 2016, and assigned Case No.
16-51281.  On Oct. 25, 2016, the case was reassigned to Judge Gregg
W. Zive.

Jeffer Mangles Butler & Mitchell LLC represents the Debtor as
general counsel.

In its petition, the Debtor estimated $50 million to $100,000
million in assets and $10 million to $50 million in liabilities.
The petition was signed by William T. Criswell, president.

                  About New Cal-Neva Lodge

New Cal-Neva Lodge, LLC, based in Saint Helena, CA, filed a Chapter
11 petition (Bankr. N.D. Cal. Case No. 16-10648) on July 28, 2016.
The Hon. Thomas E. Carlson presides over the case. Jane Kim, Esq.,
and Peter Benvenutti, Esq., at Keller & Benvenutti LLP, serve as
bankruptcy counsel.

In its petition, the Debtor estimated $50 million to $100 million
in assets and $10 million to $50 million in liabilities. The
petition was signed by Robert Radovan, president and secretary.

U.S. Trustee Tracy Hope Davis on Sept. 13 appointed four creditors
to serve on the official committee of unsecured creditors of New
Cal-Neva Lodge, LLC.  The Committee hired Pachulski Stang Ziehl &
Jones LLP, as legal counsel; Province, Inc. as financial advisor;
Fennemore Craig P.C. as Nevada counsel.


CALIFORNIA PROTON: Will Explore Potential Sale During Restructuring
-------------------------------------------------------------------
California Proton Treatment Center, LLC, a technologically-advanced
cancer treatment center, commenced a case under Chapter 11 of the
Bankruptcy Code with the U.S. Bankruptcy Court for the District of
Delaware after its prepetition lenders refused to further extend
credit outside of bankruptcy.

Doing business as Scripps Proton Therapy Center, the Company
announced that it will continue to offer radiation treatment to
patients at its facility in Mira Mesa as it undergoes a corporate
restructuring process.

"CPTC will continue to operate at the very highest quality with the
current team of physicians, nurses, medical technicians, and
clinical staff," said Jette Campbell, chief restructuring officer
at CPTC and a partner at Carl Marks Advisors, in a press statement.
"This restructuring will allow the Company to create an improved
regional facility for use by a wide range of healthcare providers
in the area.  Our doors will remain open to administer
highly-specialized cancer therapies, and a Patient Ombudsman will
ensure that our transition to a new organizational framework won't
affect patients or staff."

Dr. Carl Rossi, the medical director at the facility added, "We
believe this restructuring will enhance our operations and allow us
to administer our advanced proton therapy care to a wider spectrum
of patients."

CPTC was formed on June 30, 2009, to develop and operate a
licensed, freestanding healthcare center in the San Diego,
California area providing proton radiation treatment services to
patients with cancerous solid tumors.  Proton therapy is an
advanced form of radiation therapy that uses a beam of protons to
attack cancerous cells.

Mr. Campbell disclosed in an affidavit filed with the court that
the Proton Center has not operated on a profitable or even a
break-even basis since its opening in February 2014.  As a result,
he added, the Debtor has relied on continual funding from the
prepetition facility to maintain operations at the Proton Center.

"The Prepetition Secured Parties have worked with the Debtor to
accommodate these financial difficulties by amending the
Prepetition Facility on three separate occasions," Mr. Campbell
said.  "Despite these efforts, the Proton Center has been unable to
adequately improve its operations to achieve profitability."

Failing to attract alternative sources of capital, the Debtor has
concluded that the best path forward for it and its creditors is a
bankruptcy proceeding.

ORIX Capital Markets, LLC, Varian Medical Systems International AG,
and JPMorgan Chase Bank, N.A. are the lenders under the Debtor's
prepetition facility, with ORIX serving as the agent on behalf of
the prepetition secured parties.  The Debtor was, as of the
Petition Date, indebted to the prepetition secured parties at least
$180.73 million, court documents show.

Contemporaneously with the petition, the Debtor has filed a motion
with the court seeking authority to obtain a $16 million
post-petition financing and utilize cash collateral to fund its
operations and to explore the potential sale of all or
substantially all of its assets.

The Chapter 11 case has been assigned to Judge Selber Silverstein
and Case No. 17-10477.

Locke Lord LLP and Polsinelli PC serve as the Debtor's attorneys.
Cain Brothers & Company, LLC serves as the Debtor's investment
banker. Carl Marks Advisory Group LLC acts as the Debtor's
financial advisor.


CAPITAL ART: Eide Bailly LLP Raises Going Concern Doubt
-------------------------------------------------------
Capital Art, Inc., filed with the U.S. Securities and Exchange
Commission its annual report on Form 10-K, disclosing a net loss of
$1.36 million on $857,569 of revenues for the year ended December
31, 2015, compared to a net loss of $380,327 on $254,926 of
revenues for the year ended December 31, 2014.

Eide Bailly LLP notes that the Company suffered losses from
operations and had negative cash flows from operating activities
during the year ended December 31, 2015 and as of December 31,
2015, the Company had a working capital deficit.  These matters
raise substantial doubt about the Company's ability to continue as
a going concern.

The Company's balance sheet at December 31, 2015, showed $3.85
million in total assets, $1.50 million in total liabilities, and a
total stockholders' equity of $2.35 billion.

A copy of the Company's Form 10-K Report is available at:

                  https://is.gd/HggR0e

Capital Art, Inc., is engaged in the business of selling and
managing classic and contemporary, limited edition photographic
images and reproductions, with a focus on iconic celebrity images,
by acquiring ownership or rights to collections of rare iconic
negatives and photographs.  The Company also make available images
for publications and merchandising by third parties.


CAPITAL AUTOMOTIVE: Moody's Cuts CFR to B2 on Debt Refinancing
--------------------------------------------------------------
Moody's Investors Service has downgraded Capital Automotive LLC's
corporate family rating to B2 from Ba3 as the proposed debt
refinancing transaction will materially increase leverage and
weaken fixed coverage. Concurrently, Moody's has assigned B1
ratings to Capital Automotive L.P.'s first lien term loan and
senior secured credit facility and a B3 rating to the second lien
term loan. The rating outlook is stable.

The following rating was downgraded:

Capital Automotive LLC; Corporate family rating to B2 from Ba3

The following ratings were assigned:

Capital Automotive LP

First lien term loan and senior secured credit facility at B1

Second lien term loan at B3

RATINGS RATIONALE

Capital Auto plans to raise $1,115 million from a new first lien
term loan and $690 million from a new second lien term loan
facility. The company expects to use the proceeds to repay the
existing first lien and second lien term loans, $796 million and
$425 million respectively, pay down the $120 million revolver
balance, and to fund a dividend and transaction costs. The company
is also replacing its $200 million secured revolver that matures in
2018 with a facility of equal size with a 2022 maturity and the new
revolver will be undrawn at closing. These transactions will result
in significant deterioration to the company's currently weak
leverage metrics and also significantly pressure fixed charge
coverage. Positively, the refinancing will meaningfully extend
Capital Auto's debt maturity schedule.

Capital Auto owns 336 automotive retail real estate assets in 37
states and one Canadian province. The long duration net lease
contracts with rent escalators generates strong EBITDA margins and
a stable income stream. The portfolio's strong average rent
coverage, above 4.0x since YE2013, somewhat mitigates the risk
associated with a high proportion of non-investment grade tenants.
Investments in the assets leased to the largest two tenants account
for 34.5% of Capital Auto's asset base. These tenants, however, are
among the largest dealership operations in the country and their
portfolios are diversified in terms of asset and brand exposure.

Capital Auto's book leverage, debt + preferred as a percentage of
gross assets, was 67.7% and net debt to EBITDA was also weak at
11.5x. All the assets are encumbered as they secure the term loans,
revolver and the $1.7 billion of outstanding ABS. With the
refinancing, book leverage would increase to approximately 76% and
net debt to EBITDA will likely be 13.0x. The EBITDA margins are
strong at 94% and would likely be maintained, but the higher debt
load will weaken the fixed charge coverage from the current level
of 1.8x. Capital Auto's dividend payout ratio has been modest in
recent quarters but the proposed transaction will meaningfully
affect the 2017 coverage and the longer-term average for this
metric.

The outlook for the rating is stable reflecting the expectation
that Cap Auto's high portfolio occupancy, long-term net leases and
strong rent coverage would continue to produce steady operating
performance.

Moody's would consider an upgrade if Capital Auto's net debt/EBITDA
is below 12x, book leverage is closer to 70% and fixed charge
coverage is above 1.7x, all on a sustained basis. Conversely, book
leverage (debt + preferred as a % of gross assets) above 80%, fixed
charge below 1.5x, meaningful deterioration in occupancy and
weakness in liquidity are some factors that could lead to a
downgrade.

Capital Automotive LLC, headquartered in McLean, Virginia, owns and
acquires real estate used by multi-franchised auto dealerships and
related businesses. As of September 30, 2016, Capital Auto owned 17
million square feet of real estate. The company is a wholly owned
subsidiary of a REIT that is in turn owned by Brookfield Property
Partners (BPY) and investors advised by BPY.

The principal methodology used in these ratings was Global Rating
Methodology for REITs and Other Commercial Property Firms published
in July 2010.


CAPITAL AUTOMOTIVE: S&P Cuts CCR to B on Dividend Recapitalization
------------------------------------------------------------------
S&P Global Ratings lowered its corporate credit rating on McLean,
Va.-based Capital Automotive LLC and its subsidiary Capital
Automotive L.P. (together, CARS) to 'B'.  The outlook is stable.

At the same time, S&P assigned a 'B' issue-level rating to the
company's new $1.115 billion first-lien term loan and $200 million
revolving credit facility, undrawn at closing.  The recovery rating
is '3' indicating S&P's expectation for meaningful recovery toward
the low end of the 50% to 70% (rounded estimate: 60%) range in our
default scenario.  S&P also assigned a 'CCC+' issue-level rating to
the new $690 million second-lien term loan with '6' recovery rating
that indicates S&P's expectation for negligible (0% to 10%; rounded
estimate: 0%) recovery.

"The downgrade reflects our view that aggressive financial policies
(including the recent $425 million debt financed dividend and
possible future debt financed dividends, although debt increase is
limited under the current credit facility structure) employed by
Brookfield ownership is likely to continue," said credit analyst
Sarah Sherman.  "We have revised our assessment of its financial
risk profile to highly leveraged and our financial policy modifier
to FS-6 given our pro-forma forecasted credit ratios are expected
to be around 13x over the next year.  We are projecting sustained
high leverage and low fixed-charge coverage levels on the basis of
increasingly more aggressive capital policy as management takes
comfort in the stability of underlying cash flows.  The recent
refinancing has removed the fixed-charge financial covenant from
the credit agreement, which previously had less than 10% cushion
and was an ongoing concern for liquidity."

The stable outlook reflects S&P's view that credit metrics will
remain highly leveraged (debt-to-EBITDA around 13x and fixed-charge
coverage approaching 1.3x) over the next 12 months, given the
aggressive financial policies at CARS's parent.  Favorable market
conditions and the anti-cyclicality of the underlying business
continue to support financial performance by CARS' auto dealer
tenants, leading to high occupancy levels and a stable base of
rental income.

S&P would consider lowering the ratings if liquidity becomes
further constrained, including, the company's cushion on any of its
financial covenants weakens below 10%.  S&P could also lower the
ratings if debt leverage increases above 14.5x on a sustained
basis, from either weaker financial performance or an increase in
future dividends.

S&P doesn't expect ratings improvement in the near term given the
recent dividend recapitalization and expected continued aggressive
financial policies of the company.  However, S&P could raise the
ratings if debt-to-EBITDA improved to 11x on a sustained basis.
Additionally, CARS would need to have greater headroom under its
first lien leverage covenant.



CAPITOL BC RESTAURANTS: Taps Nelson Mullins as Special Counsel
--------------------------------------------------------------
Capitol BC Restaurants, LLC seeks approval from the U.S. Bankruptcy
Court for the District of Massachusetts to hire Nelson, Mullins,
Riley & Scarborough, LLP as its special counsel.

Nelson Mullins will provide legal services to the Debtor in
connection with the $4.29 million claim filed by the Internal
Revenue Service.  The firm will also help the Debtor resolve the
issues raised by the IRS in its notices of final partnership
administrative adjustment issued in November last year.

Banyan Mezzanine Fund, L.P., a lender and secured creditor of the
Debtor, has agreed to be directly responsible for all fees and
expenses incurred by Nelson Mullins.

Nelson Mullins does not hold or represent any interest adverse to
the Debtor's bankruptcy estate, according to court filings.

The firm can be reached through:

     Nelson, Mullins, Riley & Scarborough, LLP
     One Post Office Square, 30th Floor
     Boston, MA 02109
     Tel: 617-217-4700
     Toll Free: 800-237-2000
     Fax: 617-217-4710

                  About Capitol BC Restaurants

Capitol BC Restaurants, LLC sought protection under Chapter 11 of
the Bankruptcy Code (Bankr. D. Mass. Case No. 16-12666) on July 13,
2016.  The petition was signed by Bruce A. Ericks, CEO.  

The case is assigned to Judge Joan N. Feeney.  Murphy & King, P.C.
represents the Debtor as bankruptcy counsel.

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


CARTEL MANAGEMENT: Seeks to Hire Klinedinst as Special Counsel
--------------------------------------------------------------
Cartel Management, Inc. and Titans of Mavericks, LLC seek approval
from the U.S. Bankruptcy Court for the Central District of
California to hire Klinedinst PC as special counsel.

The firm will assist the Debtors in the planning and drafting of
documents related to the potential sale of their assets, and to
handle disputes with Red Bull Media House North America, Inc. and
other third parties.

The hourly rates charged by the firm for its attorneys range from
$325 to $400.  Hartford Brown, Esq., the attorney designated to
represent the Debtors, will charge $400 per hour.

Klinedinst does not hold or represent any interest adverse to the
Debtors or their bankruptcy estates, and are "disinterested
persons" as defined in section 101(14) of the Bankruptcy Code,
according to court filings.

The firm can be reached through:

     Hartford O. Brown, Esq.
     Klinedinst PC
     777 S. Figueroa St., Suite 2800
     Los Angeles, CA 90017
     Phone: (213) 406-1100 Ext. 3301
     Fax: (213) 406-1101  
     Email: hbrown@klinedinstlaw.com

                  About Cartel Management Inc.

Cartel Management, Inc. and Titans of Mavericks, LLC filed Chapter
11 petitions (Bankr. C.D. Cal. Lead Case No. 17-11179) on Jan. 31,
2017.  The petitions were signed by Griffin Guess, president of
Cartel.

Judge Deborah J. Saltzman presides over the cases. The Debtors are
represented by David L. Neale, Esq., at Levene, Neale, Bender, Yoo
& Brill LLP, in Los Angeles, California.  

At the time of filing, Cartel estimated assets of less than $1
million and estimated liabilities of $1 million to $10 million.
Titans estimated assets of less than $50,000 and liabilities of
less than $500,000.  

Cartel and Titans, together, promote, organize and host one of the
most famous sporting events in "big wave" surfing known as "Titans
of Mavericks" at the Pacific Ocean surf break popularly known as
"Maverick's" located near Half Moon Bay, California.


CBAK ENERGY: Incurs $2.19 Million Net Loss in Dec. 31 Quarter
-------------------------------------------------------------
CBAK Energy Technology, Inc. filed with the U.S. Securities and
Exchange Commission its quarterly report on Form 10-Q disclosing a
net loss of US$2.19 million on US$3.50 million of net revenues for
the three months ended Dec. 31, 2016, compared to a net loss of
US$2.13 million on US$5.50 million of net revenues for the three
months ended Dec. 31, 2015.

As of Dec. 31, 2016, CBAK Energy had US$92.11 million in total
assets, US$79.43 million in total liabilities and US$12.67 million
in total shareholders' equity.

"We have financed our liquidity requirements from short-term bank
loans and bills payable under bank credit agreements and issuance
of capital stock.

"We incurred a net loss of $2.2 million for the three months ended
December 31, 2016.  As of December 31, 2016, we had cash and cash
equivalents of $0.4 million.  Our total current assets were $31.1
million and our total current liabilities were $49.6 million,
resulting in a net working capital deficiency of $18.5 million.

"The Company had a working capital deficiency, accumulated deficit
from recurring net losses and short-term debt obligations as of
September 30, 2016 and December 31, 2016.  These factors raise
substantial doubts about the Company's ability to continue as a
going concern."

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

                      https://is.gd/X2QT1y

                       About CBAK Energy

CBAK Energy Technology, Inc., formerly known as China BAK Battery,
Inc., continued its business and continued to generate revenues
from sale of batteries via subcontracting the production to BAK
Tianjin, a former subsidiary before the completion of construction
and operation of its facility in Dalian.  BAK Tianjin had become a
supplier of the Company until September 2016 when BAK Tianjin
ceased production, and the Company does not have any significant
benefits or liability from the operating results of BAK Tianjin
except the normal risk with any major supplier.

As of March 1, 2017, Mr. Xiangqian Li is no longer a director of
BAK International and BAK Tianjin.  He remained as a director of
Shenzhen BAK and BAK Battery.

China BAK Battery, Inc., filed Articles of Merger with the
Secretary of State of Nevada to effectuate a merger between the
Company and the Company's newly formed, wholly owned subsidiary,
CBAK Merger Sub, Inc.  According to the Articles of Merger,
effective Jan. 16, 2017, the Merger Sub merged with and into the
Company with the Company being the surviving entity.


CBAK ENERGY: Working Capital Deficit Raises Going Concern Doubt
---------------------------------------------------------------
CBAK Energy Technology, Inc., filed with the U.S. Securities and
Exchange Commission its quarterly report on Form 10-Q, disclosing a
net loss of $2.19 million on $3.50 million of net revenues for the
three-months ended December 31, 2016, compared to a net loss of
$2.13 million on $5.50 million of net revenues for the same period
in 2015.

The Company's balance sheet at December 31, 2016, showed $92.11
million in total assets, $79.43 million in total liabilities and
total stockholders' equity of $12.68 million.

The Company has financed its liquidity requirements from short-term
bank loans and bills payable under bank credit agreements and
issuance of capital stock.

The Company incurred a net loss of $2.2 million for the three
months ended December 31, 2016.  As of December 31, 2016, the
Company had cash and cash equivalents of $0.4 million.  The
Company's total current assets were $31.1 million and its total
current liabilities were $49.6 million, resulting in a net working
capital deficiency of $18.5 million.  These factors raise
substantial doubts about the Company's ability to continue as a
going concern.

A full-text copy of the Company's Form 10-Q is available at:

                     https://is.gd/UBXe01

CBAK Energy Technology, Inc., is engaged in the business of
developing, manufacturing and selling new energy high power lithium
batteries.  Its products are used in various applications,
including electric vehicles (EV), such as electric cars, electric
buses, hybrid electric cars and buses; light electric vehicles
(LEV), such as electric bicycles, electric motors and sight-seeing
cars, and electric tools, energy storage, uninterruptible power
supply (UPS), and other high power applications.



CHESAPEAKE ENERGY: Needs More Time to File 2016 Form 10-K
---------------------------------------------------------
Chesapeake Energy Corporation has filed a Form 12b-25 with the U.S.
Securities and Exchange Commission notifying the delay in the
filing of its annual report on Form 10-K for the year ended Dec.
31, 2016.  As described in the Company's Current Report on Form 8-K
furnished on Feb. 23, 2017, the Company expects to report a
material weakness in its internal control over financial reporting
in the Form 10-K.  As a result, additional time is needed for the
Company to perform additional testing related to the applicable
controls and procedures.  The Company intends to file the Form 10-K
no later than Monday, March 6, 2017.

                      About Chesapeake Energy

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

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

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

                          *    *    *

As reported by the TCR on Jan. 25, 2017, S&P Global Ratings raised
its corporate credit rating on Oklahoma City-based exploration and
production company Chesapeake Energy Corp. to 'B-' from 'CCC+, and
removed the ratings from CreditWatch with positive implications
where S&P placed them on Dec. 6, 2016.  The rating outlook is
positive.

The TCR reported on Dec. 8, 2016, that Moody's upgraded
Chesapeake's Corporate Family Rating to Caa1 from Caa2, its second
lien secured notes rating to Caa1 from Caa2, and affirmed its
senior unsecured notes rating at Caa3.


CLARK-CUTLER-MCDERMOTT: Disclosures OK'd; Plan Hearing on March 31
------------------------------------------------------------------
The Hon. Christopher J. Panos of the U.S. Bankruptcy Court for the
District of Massachusetts has approved the disclosure statement
filed by Clark-Cutler-McDermott Company, et al., referring to the
Debtors' plan of reorganization.

A hearing to consider the confirmation of the Plan will commence on
March 31, 2017, at 10:00 a.m. (prevailing Eastern Time).

The plan objection deadline will be 5:00 p.m. prevailing Eastern
Time on March 28, 2017.

The deadline for any creditor holding a disputed claim to file a
motion for court order to have its claim estimated for voting
purposes will be 5:00 p.m. prevailing Eastern Time on March 24,
2017.

The voting deadline will be 5:00 p.m. prevailing Eastern Time on
March 28, 2017.

               About Clark-Cutler-McDermott Company

Automobile parts manufacturer Clark-Cutler-McDermott Company and
its subsidiary CCM Automotive Lafayette LLC filed chapter 11
petitions (Bankr. D. Mass. Lead Case No. 16-41188) on July 7,
2016.  The petitions were signed by James T. McDermott, CEO.
Hon. Christopher J. Panos presides over the case.

The Debtors are represented by Charles A. Dale, III, Esq., David
Mawhinney, Esq., and Mackenzie Shea, Esq., at K&L Gates LLP.

The Debtors each estimated assets of $10 million to $50 million and
debt of $10 million to $50 million at the time of the chapter 11
filings.


COMBIMATRIX CORP: Appoints Mindwerks Bio Founder to Board
---------------------------------------------------------
Dirk van den Boom, Ph.D. was appointed to the Board of Directors of
CombiMatrix Corporation on Feb. 27, 2017, to fill an existing
vacancy.  No determination has yet been made as to whether Dr. van
den Boom will be appointed to any committee of the Board.

Dr. van den Boom, 46, is the founder and managing partner of
mindwerks bio, LLC, a San Diego-based research and development
stage life sciences company, and also serves as a Senior Advisor to
Berg Capital Markets, a Healthcare capital markets and analytics
firm.  Previously, Dr. van den Boom served as president, chief
executive officer and director of Sequenom, Inc., a publicly-traded
healthcare diagnostics company that was acquired by LabCorp in
September 2016.  Dr. van den Boom joined Sequenom in 1998 and held
positions of increasing responsibility during his 18-year tenure at
Sequenom, including as president and chief executive officer from
October 2015 to September 2016, director from April 2015 to
September 2016, chief scientific and strategy officer from June
2014 to October 2015, executive vice president of research and
development and chief technology officer from December 2012 to June
2014, senior vice president of research and development from August
2010 to December 2012 and vice president of research and
development from October 2009 to August 2010. Prior to August 2010,
he held various management roles within the research and
development departments of Sequenom.  Dr. van den Boom also has
served as a Member of the March of Dimes Board of Directors, San
Diego Chapter since December 2015.  Dr. van den Boom has
co-authored over 95 peer-reviewed publications and is a named
inventor on over 80 patents and patent applications.  He received
his Ph.D in Biochemistry/Molecular Biology from the University of
Hamburg, Germany.

Dr. van den Boom will be eligible to receive a discretionary stock
option and/or restricted stock unit award under the Company's 2006
Stock Incentive Plan, as amended, to be determined by and subject
to the approval of the Compensation Committee of the Company's
Board.  Pursuant to the Company's director cash compensation
policy, Dr. van den Boom will receive $24,000 annually for his
service as a member of the Board, to be paid quarterly. Dr. van den
Boom also will be reimbursed for expenses incurred in connection
with attendance at meetings of the Board and committees of the
Board and in connection with his performance of Board duties.  The
Company and Dr. van den Boom also entered into the Company's
standard director indemnification agreement.

The Company has a collaboration agreement with one of Sequenom's
subsidiaries, Sequenom Center for Molecular Medicine, LLC, which
has resulted in approximately $122,000 of payments made by the
Company to SCMM during 2016.  Under the collaboration agreement,
the Company pays to SCMM a fee of $200 for each billable specimen
received by SCMM with respect to which SCMM performs certain
marketing activities with respect to testing services utilizing the
laboratory developed tests known as the CombiSNP Array Pre-natal
and the CombiSNP Array for POC, and performs order coordination,
customer service and result reporting activities with respect to
such testing services ordered through SCMM.  In addition to having
served as president, chief executive officer and director of
Sequenom, Dr. van den Boom also served as president of SCMM.

                     About Combimatrix

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

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

As of Dec. 31, 2016, Combimatrix had $8.47 million in total assets,
$1.98 million in total liabilities and $6.49 million in total
stockholders' equity.

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


CORPORATE RISK: Moody's Hikes CFR to Caa1 on Completed Asset Sale
-----------------------------------------------------------------
Moody's Investors Service upgraded Corporate Risk Holdings, LLC's
Corporate Family Rating (CFR) to Caa1 from Caa2 and its Probability
of Default Rating to Caa1-PD from Caa3-PD. At the same time,
Moody's confirmed the Caa1 rating on the first lien senior secured
notes and upgraded senior secured second lien notes to Caa3 from
Ca. In addition, Moody's assigned the B1 rating to the company's
amended and extended $60 million revolving credit facility due
April 1, 2019. The Caa1 rating on the company's senior secured
first lien term loan and the B1 rating on the existing revolving
credit facility due April 1, 2018 have been withdrawn following
term loan repayment and revolver amendment in February 2017. This
concludes the review for upgrade initiated on October 27, 2016
following the company's announcement to sell its Kroll Ontrack,
eDiscovery and data solutions business, to LDiscovery LLC in an
all-cash transaction valued at approximately $410 million. The
rating outlook is stable.

The upgrade reflects Corporate Risk's successful completion of the
asset sale and subsequent debt reductions, elimination of a
potential near-term covenant violation, as well as its stabilizing
operating performance since emerging from bankruptcy in 2015.
Corporate Risk has made meaningful progress to improve its capital
structure and shore up its liquidity, which will afford the company
additional time to deleverage prior to accessing capital markets
for refinancing. However, Moody's remains concerned about the long
term sustainability of the capital structure given the high debt
leverage, excessive costs of servicing the current debt and the
recurring negative free cash flow.

Moody's took the following actions on Corporate Risk Holdings,
LLC:

Upgrades:

-- Corporate Family Rating, upgraded to Caa1 from Caa2

-- Probability of Default Rating, upgraded to Caa1-PD from
    Caa3-PD

-- $96 million senior secured second lien PIK notes due 2020,
   upgraded to Caa3 (LGD6) from Ca (LGD5)

Assignments:

-- $60 million senior secured revolving credit facility due 2019,
    confirmed at B1 (LGD1)

Confirmations:

-- $744 million senior secured first lien notes due 2019,
    confirmed at Caa1 (LGD3) from Caa1 (LGD2)

Withdrawals:

-- $245 million senior secured first lien term loan due 2018,
    ratings withdrawn at Caa1 (LGD2)

-- $60 million senior secured revolving credit facility due 2018,
    ratings withdrawn at B1 (LGD1)

Outlook actions:

Outlook, changed to stable from rating under review

RATINGS RATIONALE

Corporate Risk's Caa1 is constrained by the company's highly
leveraged capital structure despite debt reduction made from the
proceeds of a divestiture, as well as Moody's expectation for weak
free cash flow generation and upcoming debt maturities in 2019.
Moody's estimates that the company's pro forma debt-to-EBITDA
(Moody's adjusted) was around 9.0 times (7.0 times on net of cash)
and EBITA-to-interest expense (Moody's adjusted) at 0.7 times as of
twelve months ended December 31, 2016. Efforts to delever the
balance sheet will be challenged by the need to offset the
accretion of 13.5% interest on $96 million ($107 million balance at
December 31, 2016) second lien notes. However, Moody's recognizes
the progress the company has made to improve its operating
performance in a low growth economy since emerging from bankruptcy,
and expects revenue and earnings for the remaining two businesses
to modestly improve over the next 12-18 months. Ratings are further
supported by the company's diverse customer base, including leading
brands in the investigative, compliance and response services, as
well as stable demand for pre-employment screening services.
Moody's expects the company to maintain adequate liquidity over the
next 12 months.

Corporate Risk is expected to have an adequate liquidity profile
over the next 12 months, supported by approximately $175 million of
balance sheet cash ($77 million unrestricted), $25 million of
availability under its revolving credit facility, and Moody's
expectation for breakeven to slightly negative free cash flow. In
February 2017, the company executed an amendment to its revolving
credit facility, which included maturity date extension from April
1, 2018 to April 1, 2019, upsizing of the commitment from $39
million to $60 million and modifying certain financial maintenance
covenants, among other changes. Following the revolver amendment
and the repayment of the first lien term loan, Corporate Risk is no
longer required to comply with a consolidated net first lien
secured debt covenant, which was expected to commence with the
quarter ending December 31, 2017. The elimination of the leverage
covenant removes the potential for covenant violation, which
Moody's expected to occur in fiscal 2018. Moody's projects the
company to maintain sufficient covenant cushion under the company's
Minimum Liquidity and Minimum EBITDA covenants in the near term.

The stable outlook reflects Moody's expectation of modest revenue
and earnings growth over the next 12-18 months. The stable outlook
also incorporates Moody's view that the company will maintain
adequate liquidity over the next 12 months and begin to address its
debt maturities in first half of 2018.

The ratings could be downgraded if revenue or earnings decline,
leading to a deterioration in the company's liquidity profile,
including sustained negative free cash flow. In addition, the
ratings could be downgraded if the company fails to refinance its
debt at par in a timely or economical manner, or undertakes a
capital structure modification that Moody's considers a distressed
exchange.

A ratings upgrade is unlikely in the near term until the company
addresses its upcoming debt maturities. Following a successful
refinancing of the company's capital structure, the ratings could
be upgraded if Corporate Risk continues to demonstrate solid
organic revenue and earnings growth, while maintaining stable
EBITDA margins and at least adequate liquidity. Quantitatively, the
ratings could be upgraded if debt-to-EBITDA (Moody's adjusted)
trends towards 6.5 times and EBITA-to-interest expense (Moody's
adjusted) sustained above 1.5 times.

Corporate Risk Holdings, LLC provides pre-employment background
screening for commercial customers under its HireRight Segment. The
company's Kroll segment provides a broad range of risk mitigation
and response solutions to clients globally, including:
investigations, due diligence, compliance, business intelligence,
cyber security, third party vendor screening and supplier
management to corporate customers. Pro-forma annual revenues from
continuing operations were approximately $600 million for the
twelve months ended December 31, 2016.

The principal methodology used in these ratings was Business and
Consumer Service Industry published in October 2016.


CORTNEY VALENTINE: Sentenced for Bank Fraud, Bankruptcy Fraud
-------------------------------------------------------------
Cortney S. Valentine, 40, and Nicolette P. Valentine, 37, husband
and wife, both of Liberty, Utah, were sentenced on Feb. 28, 2017,
for bank fraud, false declaration under penalty of perjury and
concealment of assets in connection with a bankruptcy case, Acting
U.S. Attorney Rafael Gonzalez announced.

Senior U.S. District Judge Edward J. Lodge sentenced Cortney
Valentine to 40 months in prison, to be followed by five years of
supervised release and ordered restitution payable at a later date.
Judge Lodge sentenced Nicolette Valentine to time served, to be
followed by five years of supervised release, and 200 hours of
community service and ordered restitution payable at a later date.
Cortney Valentine pleaded guilty on November 1, 2016, and Nicolette
Valentine pleaded guilty on June 23, 2016.

According to Cortney Valentine’s plea agreement, he defrauded
U.S. Bank when he made material false statements causing U.S. Bank
to lend him $362,000. Later, Valentine and his wife, Nicolette,
filed for relief under bankruptcy separately in different states.
In November 2011, Cortney Valentine contracted to sell a home to a
third party for $1,150,000. Cortney Valentine should have reported
to the bankruptcy court any proceeds from the sale of the home.
Instead, he used the money to support himself. Cortney Valentine
made numerous false statements on the bankruptcy filings and
concealed the funds he received from the third party purchaser.

According to Nicolette Valentine’s plea agreement, she defrauded
Mountain West Bank when she made material false statements causing
Mountain West Bank to lend her $43,766.27 to refinance a truck.
Instead of paying off the existing truck loan so that Mountain West
Bank could obtain clear title to the collateral, Nicolette
Valentine deposited the proceeds into her bank account and used the
money for living expenses. In May 2012, Nicolette Valentine filed
for bankruptcy. During her bankruptcy proceedings, while under
oath, Nicolette Valentine made material false statements when
questioned about various matters under the supervision of the
bankruptcy court.

The case was investigated by Federal Bureau of Investigation.

Cortney Valentine filed a Chapter 11 petition (Bankr. D. Ariz.
Case
No. 11-15257) on May 26, 2011.


CYTOSORBENTS INC: OKs Executives' 2017 Bonus Awards & Base Salaries
-------------------------------------------------------------------
The Compensation Committee of the Board of Directors of
CytoSorbents Corporation approved these equity bonus awards and
annual base salaries for its executive officers, as well as annual
incentive awards as set forth below:

                          Fiscal Year               Bonus
                             2017        Stock    Restricted
Name/Position            Base Salary   Options   Stock Units
-------------            -----------   -------   -----------
Phillip P. Chan, MD, PhD    $378,000    112,000     40,625
President and Chief
Executive Officer

Vincent J. Capponi          $314,000    105,000     35,938
Chief Operating Officer

Kathleen P. Bloch           $275,000     89,000     32,813
Chief Financial Officer

Robert H. Bartlett, MD             -     20,000          -
Chief Medical Officer

Dr. Bartlett is paid consulting fees of $54,000 annually for his
services to the Company.  His compensation remains unchanged from
2016.

The executives will also get change in control restricted stock
unit awards which are subject to stockholder approval at the
Company's 2017 Annual Meeting of Stockholders.  These restricted
stock units will be settled into Common Stock upon vesting upon a
"Change In Control" of the Company, as defined in the CytoSorbents
Corporation 2014 Long-Term Incentive Plan.  To the extent a "Change
In Control" occurs prior to such stockholder approval, these
restricted stock awards shall not be considered outstanding unless
approved at the time of such "Change In Control."

The adjustments to base salary and bonus restricted stock unit
awards were made in connection with each such executive officer's
annual performance review.  The stock options and restricted stock
units were awarded in the discretion of the Compensation Committee
under the Company's 2014 Long-Term Incentive Plan.  Each option and
restricted stock unit have a 10-year term and each option has a
strike price of $5.60, the closing price of the Company's Common
Stock as reported on the NASDAQ Capital Market on the date of the
grant.

The authorized Common Stock available for grant under the Plan is
currently insufficient to make all of the Company's 2017 annual
grants to its directors, officers and employees.  The Company
anticipates amending the Plan, subject to stockholder approval at
the Company's 2017 Annual Meeting of Stockholders, to increase the
number of shares of Common Stock authorized for issuance
thereunder.

                     About Cytosorbents

Cytosorbents Corporation is a leader in critical care immunotherapy
commercializing its CytoSorb blood purification technology to
reduce deadly uncontrolled inflammation in hospitalized patients
around the world, with the goal of preventing or treating multiple
organ failure in life-threatening illnesses.  The Company, through
its subsidiary CytoSorbents Medical Inc. (formerly known as
CytoSorbents, Inc.), is engaged in the research, development and
commercialization of medical devices with its blood purification
technology platform which incorporates a proprietary adsorbent,
porous polymer technology.  The Company, through its European
Subsidiary, conducts sales and marketing related operations for the
CytoSorb device.  CytoSorb, the Company's flagship product, is
approved in the European Union and marketed in and distributed in
thirty-two countries around the world, as a safe and effective
extracorporeal cytokine absorber, designed to reduce the "cytokine
storm" that could otherwise cause massive inflammation, organ
failure and death in common critical illnesses such as sepsis, burn
injury, trauma, lung injury, and pancreatitis.  CytoSorb is also
being used during and after cardiac surgery to remove inflammatory
mediators, such as cytokines and free hemoglobin, which can lead to
post-operative complications, including multiple organ failure.  In
March 2011, the Company received CE Mark approval for its CytoSorb
device.

Cytosorbents reported a net loss available to common shareholders
of $8.13 million in 2015 following a net loss available to common
shareholders of $18.58 million in 2014.

As of Sept. 30, 2016, Cytosorbents had $10.85 million in total
assets, $9.47 million in total liabilities and $1.37 million in
total stockholders' equity.


DANCING WATERS: To Sell Whatcom Property to Madorna for $8.3MM
--------------------------------------------------------------
Dancing Waters, LLC, and its affiliates filed with the U.S.
Bankruptcy Court for the Western District of Washington a joint
second amended disclosure statement dated Feb. 27, 2017, describing
their first amended plan of liquidation.

The Plan provides that the Debtors will close the sale of its
property in Whatcom County, which consists of eight tax parcels
with a potential for 24 lots of vacant land totaling approximately
125 acres.

The Debtors and their professionals negotiated a sale of the
Property to Madrona Bay Real Estate Investments, LLC, for $8.3
million pursuant to the terms of a Real Estate Purchase and Sale
Agreement.  At closing, Madrona Bay will pay the Debtors $6.2
million from which the Debtors will (i) pay all closing costs; (ii)
pay claims in Classes 1, 4, 5 and 6 in full; (iii) pay holders of
administrative expense claims in full; and (iv) fund the
professional fee account.  All remaining proceeds from the Closing
will be distributed on a pro rata basis to holders of allowed
claims in Class 10, or whose allowed claims are designated for
treatment under Class 10.  As funds are received as payments under
the Madrona Note, including contingent payments, the funds will be
distributed on a pro rata basis to holders of allowed claims in
Class 10, or whose allowed claims are designated for treatment
under Class 10.  

In the event the sale will fail and the Property is not sold by the
end of the marketing period, the Debtors will promptly list the
Property for sale with a national auction company acceptable to the
Debtors and the advisory committee, without reserve, with the
intention of achieving the closing of a sale of the Property within
approximately 120 days.  

From the proceeds of the sale, the Debtors will pay, first, all
closing costs; second, the Class 1 Claim in full; third, to the
extent of remaining proceeds, the Class 4 Claim in full; fourth, to
the extent of remaining proceeds, the Class 5 and Class 6 Claim in
full; fifth, to the extent of remaining proceeds, to holders of
allowed claims in Class 10, or whose allowed claims are designated
for treatment under Class 10.  Any remaining funds will be
distributed to the holders of the equity interests.

The Plan also provides for the liquidation of additional assets if
the proceeds from the Sale of the Property are insufficient to pay
all allowed claims in full.

The Second Amended Disclosure Statement is available at:

           http://bankrupt.com/misc/wawb15-13216-292.pdf

As reported by the Troubled Company Reporter on Feb. 10, 2017, the
Debtors filed with the Court a joint first amended disclosure
statement describing their first amended plan of liquidation, which
provided for the full payment of all creditors.  Initially, that
plan provided for the sale of the Property located in Whatcom
County for an amount payable at closing more than sufficient to pay
all Claims in Classes 1, 4, 5 and 6 and Administrative Expense
Claims in full.

                       About Dancing Waters

Dancing Waters, LLC, sought Chapter 11 protection (Bankr. W.D.
Wash. Case No. 15-13216) on May 22, 2015.  Judge Timothy W. Dore is
assigned to the case.  The Debtor estimated assets and liabilities
in the range of $1 million to $10 million.  The Debtor tapped James
L. Day, Esq., at the Bush Strout & Kornfeld LLP as counsel.  The
petition was signed by Roger Sahlin, manager.


DAVID KENNETH LIND: DOJ Watchdog Ordered to Appoint Ch. 11 Trustee
------------------------------------------------------------------
Judge Robert S. Bardwil of the U.S. Bankruptcy Court for the
Eastern District of California entered an Order directing the U.S.
Trustee's Office to appoint a Chapter 11 Trustee for David Kenneth
Lind.

The Order was made following the approval of the Creditor's
Motion/Application for the Appointment of a Chapter 11 Trustee for
David Kenneth Lind. The Creditors of the case are Lisa Dobbins and
Matthew Dobbins.

The case is In re David Kenneth Lind (Bankr. E.D. Calif., Case No.
16-27672).


DIANA CONTAINERSHIPS: Ernst & Young Casts Going Concern Doubt
-------------------------------------------------------------
Diana Containerships Inc. filed with the U.S. Securities and
Exchange Commission its annual report on Form 20-F, disclosing a
net loss of $149.01 million on $33.19 million of revenue for the
year ended December 31, 2016, compared to a net loss of $17.53
million on $62.18 million of revenue for the year ended December
31, 2015.

Ernst & Young (Hellas) Certified Auditors Accountants S.A., issued
a "going concern" qualification on the consolidated financial
statements for the fiscal year ended December 31, 2016, stating
that the Company expects that cash on hand and cash provided by
operating activities might not be sufficient to cover its liquidity
needs for a reasonable period of time.  In addition, the Company
has not complied with certain covenants included in its bank loan
agreement.  These conditions raise substantial doubt about the
Company's ability to continue as a going concern.

The Company's balance sheet at December 31, 2016, showed total
assets of $266.53 million, total current liabilities of $129.86
million, related party financing, non-current, of $45.62 million,
$171,000 in other liabilities, non-current, and a stockholders'
equity of $90.88 million.

A full-text copy of the Company's Form 20-F is available at:
                
                   https://is.gd/ocE7Nm

Diana Containerships Inc. is engaged in the business of ownership
of containerships.  The Company's fleet consists of approximately
six panamax and six post-panamax containerships with a combined
carrying capacity of 61,517 TEU and a weighted average age of 10.6
years.



DIRECTORY DISTRIBUTING: John Vaclavek Named Chapter 11 Trustee
--------------------------------------------------------------
Judge Kathy A. Surratt-States of the U.S. Bankruptcy Court for the
Eastern District of Missouri entered an Order Approving the
Appointment of John P. Vaclavek as the Chapter 11 Trustee for
Directory Distributing Associates, Inc.

The Order was made pursuant to the Acting United States Trustee's
Application for the Appointment of John Vaclavek as the Chapter 11
Trustee for the Debtor.

          About Directory Distributing Associates

Directory Distributing Associates, Inc. sought protection under
Chapter 11 of the Bankruptcy Code (Bankr. E. D. Mo. Case No. 16-
47428) on Oct. 14, 2016. The petition was signed by Kristy Runk
Bryan, Esq., attorney.

The case is assigned to Judge Kathy A. Surratt-States. The Debtor
is represented by Carmody MacDonald P.C.

At the time of the bankruptcy filing, the Debtor estimated assets
of $1 million to $10 million, and liabilities at $100,000 to
$500,000.

The Debtors have hired McCarthy Leonard & Kaemmerer L.C. as special
counsel for labor and employment class action matters, Carr Allison
as special counsel for works compensation, Gold Weems as special
counsel for workers compensation and subrogation litigation matters
in Louisiana.

On February 13, 2017, the Office of the U.S. Trustee filed an
application seeking the appointment of John P. Vaclavek as Chapter
11 trustee for the Debtor.


DIRECTORY DISTRIBUTING: Trustee Hires Carmody as Special Counsel
----------------------------------------------------------------
John P. Vaclavek, the Chapter 11 Trustee of Directory Distributing
Associates, Inc., seeks authority from the U.S. Bankruptcy Court
for the Eastern District of Missouri to employ Carmody MacDonald,
P.C. as special counsel to the Trustee.

On December 19, 2016, the employment of Carmody as counsel to the
Debtor and Debtor-in-Possession was approved. On February 7, 2017,
the Bankruptcy Court ordered the appointment of a Chapter 11
Trustee in the Chapter 11 case.

The Trustee requires Carmody to assist the Trustee in transitioning
responsibilities for the administration of the estate.

Carmody will be paid at these hourly rates:

     Partners                  $295-$460
     Associates                $240-$265
     Legal Assistants          $145-$195

Carmody has been compensated as counsel for the Debtor, Directory
Distributing Associates, Inc., but has not been compensated as
special counsel to the Trustee. As of March 1, 2017, Carmody has
been paid the amount of $41,510.08 by the Debtor.

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

Robert E. Eggmann, principal of Carmody MacDonald, P.C., assured
the Court that the firm is a "disinterested person" as the term is
defined in Section 101(14) of the Bankruptcy Code and does not
represent any interest adverse to the Debtors and its estates.

Carmody can be reached at:

     Robert E. Eggmann, Esq.
     CARMODY MACDONALD, P.C.
     120 S. Central Avenue, Suite 1800
     St. Louis, MO 63105
     Tel: (314) 854-8600

           About Directory Distributing Associates, Inc.

Directory Distributing Associates, Inc. sought protection under
Chapter 11 of the Bankruptcy Code (Bankr. E. D. Mo. Case No.
16-47428) on Oct. 14, 2016. The petition was signed by Kristy Runk
Bryan, Esq., attorney.

The case is assigned to Judge Kathy A. Surratt-States.  The Debtor
was represented by Carmody MacDonald P.C.

At the time of the bankruptcy filing, the Debtor estimated assets
of $1 million to $10 million, and liabilities at $100,000 to
$500,000.

The Debtor has hired McCarthy Leonard & Kaemmerer L.C. as special
counsel for labor and employment class action matters, Carr Allison
as special counsel for works compensation, Gold Weems as special
counsel for workers compensation and subrogation litigation matters
in Louisiana.

John P. Vaclavek was appointed as Chapter 11 trustee for the Debtor
in February 2017.


DOLE FOOD: $74MM Litigation Deal No Impact on Moody's B2 Rating
---------------------------------------------------------------
Moody's Investors Service commented that Dole Food Company, Inc.'s
(B2 stable) March 1, 2017 announcement that its Board of Directors
approved a $74 million settlement to resolve litigation is credit
negative because it will reduce Dole's liquidity, but that it does
not affect its ratings or outlook.

Dole Food Company, Inc. is a leading producer of fresh fruit and
fresh vegetables. Revenues were $4.5 billion for the 12 months
ending October 8, 2016. Dole is a private company owned by its
Chairman and CEO David Murdock.


EAST BAY DRY: Hires Gilman & Ciocia as Accountant
-------------------------------------------------
East Bay Dry Cleaners, Inc., seeks authority from the U.S.
Bankruptcy Court for the Middle District of Florida to employ
Gilman & Ciocia Tax and Financial Planning as accountant to the
Debtor.

East Bay requires Gilman & Ciocia to:

   a. assist the Debtor in the preparation of its federal and
      state tax income returns; and

   b. provide bookkeeping, reconciling of bank accounts, and tax
      preparation services.

Gilman & Ciocia will be paid at the hourly rate of $175.

Gilman & Ciocia will also be reimbursed for reasonable
out-of-pocket expenses incurred.

James C. Ciocia, member of Gilman & Ciocia Tax and Financial
Planning, assured the Court that the firm is a "disinterested
person" as the term is defined in Section 101(14) of the Bankruptcy
Code and does not represent any interest adverse to the Debtor and
its estates.

Gilman & Ciocia can be reached at:

     James C. Ciocia
     GILMAN & CIOCIA TAX AND FINANCIAL PLANNING
     14802 N. Dale Mabry Highway, Suite 101
     Tampa, FL 33618
     Tel: (407) 740-0190

              About East Bay Dry Cleaners, Inc.

East Bay Dry Cleaners, Inc. sought protection under Chapter 11 of
the Bankruptcy Code (Bankr. M. D. Fla. Case No. 17-00557) on
January 24, 2017. The petition was signed by Howard Wolfson,
president. The Debtor is represented by David W. Steen, Esq., at
David W. Steen, P.A. At the time of the filing, the Debtor
estimated assets at $100,000 to $500,000 and liabilities at $1
million to $10 million.



ECLIPSE RESOURCES: Reports 4th Quarter Net Loss of $63.3 Million
----------------------------------------------------------------
Eclipse Resources Corporation announced its fourth quarter and full
year 2016 financial and operational results, as well as issued
updated guidance for the first quarter of 2017 and full year 2017.

Fourth Quarter 2016 Highlights:

  * Average net daily production was 255.3 MMcfe per day,
    exceeding the high end of the Company's previously issued
    production guidance.

  * Realized an average natural gas price, before the impact of
    cash settled derivatives and firm transportation expenses, of
    $2.88 per Mcf, a $0.16 discount to the average NYMEX natural
    gas prices during the quarter, exceeding the Company's
    previously issued natural gas differential guidance.  

  * Realized an average oil price, before the impact of cash
    settled derivatives, of $44.51 per barrel, a $4.63 per barrel
    discount to the average WTI oil price during the quarter,
    exceeding the Company's previously issued oil differential
    guidance.

  * Realized an average natural gas liquids price, before the
    impact of cash settled derivatives, of $21.22 per barrel, or
    approximately 43% of the average WTI oil price during the
    quarter, beating the Company's previously issued NGL price
    differential guidance.

  * Per unit cash production costs (including lease operating,
    transportation, gathering and compression, production and ad
    valorem taxes) were $1.54 per Mcfe and includes $0.41 per Mcfe
    of firm transportation expenses, which was below the Company's
    previously issued operating expense guidance.  

  * Net loss for the fourth quarter of 2016 was $63.3 million;
    Adjusted EBITDAX1 for the fourth quarter of 2016 was $41.3
    million.

  * Capital expenditures were $57.8 million.  These expenditures
    included $49.6 million for drilling and completions, $1.7
    million for midstream expenditures, $6.0 million for land-
    related expenditures, and $0.5 million for corporate-level
    expenditures.

Full Year 2016 Highlights:

  * Average net daily production was 228.6 MMcfe per day,
    exceeding the midpoint of the Company's previously issued
    production guidance.

  * Realized an average natural gas price, before the impact of
    cash settled derivatives and firm transportation expenses, of
    $2.21 per Mcf, a $0.31 discount to the average NYMEX natural
    gas prices during the year, exceeding the Company's previously
    issued natural gas differential guidance.  

  * Realized an average oil price, before the impact of cash
    settled derivatives, of $37.35 per barrel, a $5.94 per barrel
    discount to the average WTI oil price during the year, beating
    the Company's previously issued oil differential guidance.

  * Realized an average natural gas liquids price, before the
    impact of cash settled derivatives, of $15.62 per barrel, or
    approximately 36% approximately of the average WTI oil price
    during the year, exceeding the Company's previously issued NGL
    differential guidance.

  * Per unit cash production costs (including lease operating,
    transportation, gathering and compression, production and ad
    valorem taxes) were $1.48 per Mcfe and includes $0.36 per Mcfe
    of firm transportation expenses, which was below the Company's
    previously issued operating expense guidance.  

  * Net loss for the year was $203.8; Adjusted EBITDAX for the
    year was $105.0 million

  * Capital expenditures were $176.9 million.  These expenditures
    included $150.5 million for drilling and completions, $3.9
    million for midstream expenditures, $21.5 million for land-
    related expenditures, and $1.0 million for corporate-related
    expenditures

  * Proved Reserves grew 35% over the previous year to
    approximately 469 Bcfe at SEC pricing and 108% over the
    previous year to approximately 1.22 Tcfe at forward NYMEX
    strip pricing; Finding and Development costs for the year fell

    to $0.70 per Mcfe, utilizing drilling and completion costs,
    and to $0.91 per Mcfe including all capital uses.

Subsequent to the end of the Fourth Quarter:

  * The Company completed its borrowing base redetermination of
    its revolving credit facility, which resulted in an increase
    in its borrowing base from $125 million to $175 million, and
    extended the maturity of its revolving credit facility from
    January 2018 to January 2020.  The Company remains undrawn on
    its revolving credit facility, other than for letters of
    credit.

  * The Company added to its natural gas hedge portfolio by
    executing incremental basis hedges of 60,000 MMBtu per day.

     -- The Company has approximately 226,000 MMBtu per day of
        2017 natural gas production hedged at an average floor
        price of $2.87 and an average ceiling price of $3.35.

     -- The Company has an average of approximately 3,500 barrels
        per day of 2017 oil production hedged, or approximately
        75% of its expected oil production for 2017, at an average

        floor price2 of $46.00 and an average ceiling price of
        $59.79.

     -- The Company has 190,000 MMBtu per day of 2018 natural gas
        production hedged at an average floor price2 of $2.88 and
        an average ceiling price of $3.37.

Benjamin W. Hulburt, chairman, president and CEO, commented on the
Company's fourth quarter and full year 2016 results, "During the
fourth quarter, we were able to once again set record production
levels for the Company while keeping our per unit operating
expenses below our previously announced guidance range.  This now
marks the ninth consecutive reporting period in which the Company
has met or exceeded its production and operating expense guidance,
representing every reporting period the Company had since our
initial public offering in June of 2014.
"As we highlighted in our analyst day, we recently increased our
type curve expectations in our Utica Shale Condensate and Rich Gas
areas as a result of the outperformance we have seen to date on the
wells which were completed with our "Gen3" completion design in
these areas.  Although we have not yet increased our Utica Shale
Dry Gas type curve, our first "Gen3" pad in the Utica Shale Dry Gas
area continues to produce at an average rate of approximately 30%
above our Utica Dry Gas type curve using our managed pressure
drawdown methodology.  Largely as a result of the performance of
our "Gen3" producing wells, we have increased our first quarter
2017 production guidance to between 275 and 280 MMcfe per day.

"As 2017 continues to unfold, we will again endeavor to lower our
cost structure and build on our accomplishments.  During 2017, we
plan to drill 24 wells with an average lateral length of
approximately 13,300, eleven of which are expected to be
"Super-Laterals" with lateral extensions exceeding 15,000 feet.
While leading the industry on lateral lengths should allow us to
continue to lower our cost per foot of lateral, we have also taken
significant steps to manage our well costs by negotiating lower day
rates on our drilling rigs and locking in flat-to-modest increases
on our pressure pumping and proppant costs for the next two years.

"Despite a significant amount of volatility during the quarter in
natural gas prices, we have again been able to deliver a strong
natural gas realized price, exceeding our guidance for both the
fourth quarter 2016 and the full year 2016.  We have also taken
advantage of this volatility by adding to our 2018 hedge portfolio
as prices allowed, with the goal of retaining upside participation
if the natural gas price increases.  Lastly, I'm very happy to
announce we have negotiated a new condensate marketing contract
which fixes our discount to the West Texas Intermediate price for
the period beginning in April of this year through the end of 2018,
and as a consequence, we have updated our annual oil price
differential guidance resulting in an estimated improvement on our
oil differentials of approximately 15%."

Financial Discussion

Revenues for the fourth quarter of 2016 totaled $83.9 million,
compared to $65.9 million for the fourth quarter of 2015.  Adjusted
Revenues4, which includes the impact of cash settled derivatives
and excludes brokered natural gas and marketing revenue, totaled
$85.1 million for the fourth quarter of 2016 compared to $74.4
million for the fourth quarter of 2015.  Net loss for the fourth
quarter of 2016 was $63.3 million, or $(0.23) per share.  Adjusted
Net Loss4 for the fourth quarter of 2016 was $5.7 million, or
$(0.02) per share.  Adjusted EBITDAX4 was $41.3 million for the
fourth quarter of 2016.

Revenues for the full year 2016 totaled $235.0 million, compared to
$255.3 million for the full year 2015.  Adjusted Revenues, which
includes the impact of cash settled derivatives and excludes
brokered natural gas and marketing revenue, totaled $261.7 million
for the full year 2016 compared to $271.7 million for the full year
2015.  Net loss for the full year 2016 was $203.8 million, or
$(0.84) per share.  Adjusted Net Loss4 for the full year 2016 was
$61.6 million, or $(0.26) per share.  Adjusted EBITDAX4 was $105.0
million for the full year 2016.

Capital Expenditures

Fourth quarter 2016 capital expenditures were $57.8 million.  These
expenditures included $49.6 million for drilling and completions,
$1.7 million for midstream expenditures, $6.0 million for
land-related expenditures, and $0.5 million for corporate-related
expenditures.

Full Year 2016 capital expenditures were $176.9 million.  These
expenditures included $150.5 million for drilling and completions,
$3.9 million for midstream expenditures, $21.5 million for
land-related expenditures, and $1.0 million for corporate-related
expenditures.

Financial Position and Liquidity

Subsequent to the end of the fourth quarter of 2016, the Company
completed its semi-annual borrowing base redetermination process
with the lending group under its revolving credit facility.
Through that process, the lending group determined that the
Company's borrowing base will increase from $125 million to $175
million, and extended the maturity of the Company's revolving
credit facility to January of 2020.    

As of Dec. 31, 2016, the Company's pro forma liquidity was $341.7
million consisting of $201.2 million in cash and cash equivalents
and available borrowing capacity under the Company's revolving
credit facility of $140.5 million (after giving effect to
outstanding letters of credit issued by the Company of $34.5
million and pro forma the borrowing base redetermination).

Matthew R. DeNezza, executive vice president and chief financial
officer, commented, "With the closing of the asset divestiture late
in the fourth quarter and our recent borrowing base
redetermination, which resulted in a 40% borrowing base increase,
we continue to maintain a strong liquidity position.  At year end
and pro forma for this recent redetermination, our liquidity was
approximately $342 million, and included a cash position of
approximately $201 million and undrawn revolver availability of
approximately $141 million, after giving effect to outstanding
letters of credit.  We believe this liquidity position, as well as
our  internally generated cash flows, will allow us to fund our
2017 drilling program, which we anticipate will provide the
groundwork for a 25% compound annual growth rate in production over
the next three years."

Commodity Derivatives

The Company engages in a number of different commodity trading
program strategies as a risk management tool to attempt to mitigate
the potential negative impact on cash flows caused by price
fluctuations in natural gas, NGL and oil prices.

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

                     https://is.gd/CphIDI

                   About Eclipse Resources

Eclipse Resources Corporation is an independent exploration and
production company engaged in the acquisition and development of
oil and natural gas properties in the Appalachian Basin.  As of
Dec. 31, 2015, the Company had assembled an acreage position
approximating 220,000 net acres in Eastern Ohio.

The Company reported a net loss of $971 million in 2015, a net loss
of $183 million in 2014 and a net loss of $43.5 million in 2013.

As of Sept. 30, 2016, Eclipse Resources had $1.20 billion in total
assets, $593.65 million in total liabilities and $609.33 million in
total stockholders' equity.

                             *    *    *

As reported by the TCR on July 11, 2016, Moody's Investors Service
upgraded Eclipse Resources Corporation's Corporate Family Rating
(CFR) to Caa1 from Caa2 and Probability of Default Rating to
Caa1-PD from Caa2-PD.  "The upgrade to Caa1 reflects Eclipse's
improved liquidity and good visibility to fund a more robust
drilling program through 2017 than we had previously anticipated,
largely the result of $123 million in proceeds raised from its
equity issuance.  With considerable cash balances and improving
cash margins on its production, Eclipse is poised to return to a
production growth trajectory that should allow for meaningful
deleveraging," noted John Thieroff, Moody's VP-Senior Analyst.

In June 2016, S&P Global Ratings raised its corporate credit rating
on State College, Pa.-based Eclipse Resources Inc. to 'CCC+' from
'CC'.  "The rating action reflects our opinion that Eclipse is
unlikely to pursue further distressed debt transactions given the
lack of bondholders' appetite for a distressed exchange--as
demonstrated by the early termination of the company's exchange
offer in February--and the increase in its bond price over the past
three months," said S&P Global Ratings credit analyst Christine
Besset.


EMERALD COAST: Hires Zalkin Revell as Counsel
---------------------------------------------
Emerald Coast Eateries, Inc., seeks authority from the U.S.
Bankruptcy Court for the Northern District of Florida to employ
Zalkin Revell, PLLC as counsel to the Debtor.

Emerald Coast requires Zalkin Revell to:

   a) prepare schedules and statements, as well as various
      pleadings, applications, motions, responses, objections,
      and notices related to administration of this case and
      conducting examinations incidental to the administration of
      the bankruptcy case and any proceedings therein;

   b) protect the interests of the Debtor in all matters pending
      before the bankruptcy Court;

   c) analyze and develop the relationship of the Debtor to the
      claims of creditors and other parties in interest in the
      case;

   d) advise the Debtor of its rights, duties and obligations as
      a Debtor-in-Possession operating under Chapter 11 of the
      U.S. Bankruptcy Code;

   e) take any and all other necessary action incidental to the
      proper preservation and administration of the Chapter 11
      case;

   f) appear at various hearings on administrative and contested
      matters and in any adversary proceedings filed herein; and

   g) advise and assist the Debtor in the formation and drafting
      of a disclosure statement and plan of reorganization and
      negotiate with the creditors in relation to a plan and any
      and all matters related thereto.

Zalkin Revell will be paid at these hourly rates:

     Natasha Z. Revell, Esq.            $300
     Kenneth W. Revell, Esq.            $300
     Teresa M. Dorr, Esq.               $265
     Legal Assistant                    $90

Zalkin Revell has been paid a $15,000 retainer which was deposited
into the trust account of Zalkin Revell. Of the Bankruptcy
Retainer, $9,472.00 was used for pre-petition services rendered to
the Debtor in connection with the filing of the Petition. In
addition, the Debtor paid $1,717.00 which was used for the payment
of the filing fee.

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

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

Zalkin Revell can be reached at:

     Natasha Z. Revell, Esq.
     ZALKIN REVELL, PLLC
     2441 US Highway 98W, Suite 109
     Santa Rosa Beach, FL 32459
     Tel: (850) 267-2111
     Fax: (866) 560-7111
     E-mail: tasha@zalkinrevell.com

              About Emerald Coast Eateries, Inc.

Emerald Coast Eateries, Inc., filed a Chapter 11 bankruptcy
petition (Bankr. N.D. Fla. Case No. 17-30095) on February 3, 2017,
disclosing under $1 million in both assets and liabilities. The
Debtor is represented by Natasha Z. Revell, Esq., at Zalkin Revell,
PLLC.


ESBY CORP: Bankruptcy Administrator Unable to Appoint Committee
---------------------------------------------------------------
William Miller, U.S. bankruptcy administrator, on March 3 disclosed
in a filing with the U.S. Bankruptcy Court for the Middle District
of North Carolina that no official committee of unsecured creditors
has been appointed in the Chapter 11 case of Esby Corporation.

Esby Corporation sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. M.D.N.C. Case No. 17-50228) on March 2,
2017.  At the time of the filing, the Debtor estimated assets and
liabilities of less than $1 million.


FANTASY ACES: Court OKs Sale of User Database to Competitor
-----------------------------------------------------------
Cara Bayles, writing for Bankruptcy Law360, reports that the Hon.
Erithe A. Smith of the U.S. Bankruptcy Court for the Central
District of California approved on Feb. 27 a plan that will allow
Fantasy Aces LP to sell its user database to competitor
FantasyDraft LLC.

According to Law360, the move will allow more than 30,000 clients
to recover more of the $1.3 million that the Debtor owes its
customers.

Fantasy Aces LP filed a Chapter 7 petition (Bankr. C.D. Cal. Case
No. 17-10359) on Jan. 31, 2017, disclosing assets of $1.8 million
and debt of just under $3 million.  The Trustee is Richard
Marshack.  The case judge is the Hon. Erithe Smith.


FIRST CAR PRO: Wants to Use Automotive Finance's Cash Collateral
----------------------------------------------------------------
First Car Pro Auto Sales LLC asks the U.S. Bankruptcy Court for the
Southern District of Florida for authorization to use cash
collateral.

A hearing to consider the Debtor's request is set for March 21,
2017, at 10:30 a.m.

Prior to Aug. 14, 2014, the Debtor has one secured lender with a
lien on cash collateral.  Automotive Finance Corporation is secured
by the property of the Debtor in the approximate amount
of$95,884.60 pursuant to a contract entered into on Feb. 24, 2016.
The Debtor acknowledges that Automotive Finance Corporation may
have a lien on the cash collateral.

The Debtor tells the Court that it will suffer immediate and
irreparable harm if it is not authorized to use cash collateral to
fund the expenses set forth in the budget.  Absent authorization,
the Debtor will not be able to maintain and protect the property of
the estate.  If the Debtor cannot pay creditors with available cash
supply, sources will cease, orders will not be satisfied, and
critical contracts with customers will be jeopardized.

Furthermore, the Debtor must immediately pay vendors on a regular
basis or face a potential cease of operations.  The Debtor requests
authority to use cash collateral on an interim basis and pay its
obligations in the ordinary course of business and preserve its
financial status quo.

Adequate protection provided to Automotive Finance includes a
replacement lien on the Debtor's receivables and the Debtor's
projected positive cash flow.

A copy of the cash collateral motion is available at:

                      https://is.gd/nNWaLD

                 About First Car Pro Auto Sales

First Car Pro Auto Sales LLC is a Florida Corporation doing
business as an automobile dealership.  The Debtor's business is an
automobile dealership based business and a time sensitive business,
and requires the immediate payment of vendors, suppliers, and
contractors.

The Debtor sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. S.D. Fla. Case No. 16-21209) on Aug. 14, 2016.  The
Debtor is represented by Paul E. Gifford, Esq., at the Law Offices
of Paul E. Gifford, Chartered.


FITZGERALD PUBLIC SD: Moody's Raises 2014A GOLT Rating From Ba1
---------------------------------------------------------------
Moody's Investors Service has upgraded the rating of Fitzgerald
Public School District, MI's 2014A Refunding Bonds (General
Obligation - Limited Tax) to Baa3 from Ba1. Concurrently, Moody's
has affirmed the Baa3 rating on the district's general obligation
unlimited tax (GOULT) debt. The outlook remains negative.

The Baa3 rating reflects continued financial pressure driven by
falling enrollment; the district's concentrated tax base and weak
demographic profile; rapid principal amortization; and high fixed
costs associated with an elevated debt burden and high pension
burden. The lack of notching between the GOLT and the GOULT rating
reflects the nature of Michigan school districts' GOLT bonds, which
carry a full faith and credit pledge and are a first budget
obligation payable from any available funds.

This action concludes a review undertaken in conjunction with the
publication on December 16, 2016 of the US Local Government General
Obligation Debt Methodology.

Rating Outlook

The negative outlook reflects Moody's expectations that the
district's reserves will remain narrow over the near term due to
its limited operating flexibility.

Factors that Could Lead to an Upgrade

Sustained trend of balanced operations leading to strengthened
reserves and liquidity

Moderation of fixed costs

Factors that Could Lead to a Downgrade

Weakening of the district's tax base and/or demographic profile

Further narrowing of operating reserves

Increases to the district's debt and/or pension burden

Legal Security

Debt service on outstanding GOULT debt is secured by the district's
GO tax pledge with voter authorization to levy property taxes
without limitation as to rate or amount.

Debt service on outstanding GOLT bonds is secured by the district's
pledge and authorization to pay debt service from annual operating
revenue, the collection of which is subject to constitutional and
statutory limitations. The district's outstanding GOLT bonds are
paid using property tax revenues from a sinking fund that is
authorized through 2020.

Use of Proceeds

Not applicable.

Obligor Profile

Fitzgerald Public School District provides kindergarten through
twelfth grade education to approximately 2,600 students within the
City of Warren and surrounding communities. The district operates
two elementary schools, one middle school, and one high school.

Methodology

The principal methodology used in this rating was US Local
Government General Obligation Debt published in December 2016.


FLY NATION: Hires Dotson as Bankruptcy Attorney
-----------------------------------------------
Fly Nation, Inc., seeks authority from the U.S. Bankruptcy Court
for the Northern District of Georgia to employ M. Denise Dotson,
LLC, as counsel to the Debtor.

Fly Nation requires Dotson to:

   (a) prepare pleadings and applications;

   (b) conduct of examination;

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

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

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

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

Dotson will be paid at these hourly rates:

     Attorneys                       $250
     Legal Assistants                $75

Dotson will be paid a retainer of $5,000, plus filing fee of
1,717.

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

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

Dotson can be reached at:

     M. Denise Dotson, Esq.
     M. DENISE DOTSON, LLC
     170 Mitchell Street
     Atlanta, GA 30303
     Tel: (404) 526-8869

              About Fly Nation, Inc.

Fly Nation, Inc., filed a Chapter 11 bankruptcy petition (Bankr.
N.D. Ga. Case No. 17-52456) on February 7, 2017, disclosing under
$1 million in both assets and liabilities. The Debtor is
represented by M. Denise Dotson, Esq., at M. Denise Dotson, LLC.


FORESIGHT ENERGY: Reports 2016 Net Loss of $178.6 Million
---------------------------------------------------------
Foresight Energy LP filed with the U.S. Securities and Exchange
Commission its annual report on Form 10-K reporting a net loss of
$178.6 million on $875.8 million of total revenues for the year
ended Dec. 31, 2016, compared to a net loss of $38.68 million on
$984.85 million of total revenues for the year ended Dec. 31,
2015.

Foresight generated fiscal year 2016 coal sales revenues of $866.6
million on sales volumes of 19.3 million tons resulting in Adjusted
EBITDA of $308.8 million, cash flows from operations of $225.2
million and a net loss attributable to limited partner units of
$178.8 million, or $(1.37) per unit.  Annual sales volumes for 2016
decreased 12% compared to 2015 due in part to lower production as a
result of Foresight's Hillsboro mine being idled for all of 2016
due to the combustion event.  Operating results for 2016 were also
negatively impacted by a fourth quarter prepaid royalty impairment
charge of $74.6 million, $13.2 million of debt extinguishment
costs, $21.8 million of debt restructuring costs and a non-cash
charge of $17.1 million related to the change in fair value of
warrants issued as part of the August 30, 2016 debt restructuring.
Partially offsetting these charges were $30.5 million of insurance
recoveries received in 2016 related to the combustion event at its
Hillsboro operation ($10.5 million for the reimbursement of
mitigation costs, which were recorded as a reduction in cost of
coal sales and $20.0 million related to business interruption
proceeds, which were recorded in other operating income, net in our
consolidated statement of operations).  

"Calendar year 2016 was extremely challenging for Foresight with a
global restructuring of our debt obligations during a period of
incredible decline in the coal industry.  Despite many
distractions, our operations performed exceptionally well.  We
delivered improved safety results and continued to lead the
industry in terms of production and mining cost in the Illinois
Basin.  While coal markets were under unprecedented downward
pressure during most of 2016, our mines generated strong positive
cash flow despite operating well below capacity," said Robert D.
Moore, president and chief executive officer.  "For the year, we
saw moderate improvements in our per ton sales realizations and
significant cost per ton improvements of over $1.30 per ton, which
led to the generation of $225.2 million of operating cash.  This
improved operating performance resulted in Foresight ending the
year with $103.7 million of cash compared to $17.5 million as of
December 31, 2015.  As previously mentioned, we have recently
undertaken a process to take advantage of our operating successes
and improvements in the capital markets to refinance and extend
maturities of a portion or all of our existing indebtedness."  

As of Dec. 31, 2016, Foresight Energy had $1.68 billion in total
assets, $1.84 billion in total liabilities and a total partners'
deficit of $154.59 million.

Cash flows provided by operations totaled $225.2 million for 2016
and Foresight ended the year with $103.7 million in cash compared
to $17.5 million as of Dec. 31, 2015, representing an increase in
cash of $86.2 million.  During 2016, capital expenditures were
$54.6 million, a decrease of $30.4 million compared to the year
ended Dec. 31, 2015.

For the three months ended Dec. 31, 2016, Foresight recognized a
net loss of $85.01 million on $252.92 million of total revenues
compared to a net loss of $64.30 million on $241.65 million of
total revenues for the three months ended Dec. 31, 2015.

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

                       https://is.gd/ukN01D

                      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.

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.

The TCR reported by the TCR on March 3, 2017, that Fitch Ratings
has assigned a first-time Long-Term Issuer Default Rating (IDR) of
'B-' to Foresight Energy LP and Foresight Energy LLC.  Foresight
Energy LLC's new senior secured first lien term loan and new
revolving credit facility ratings are 'B+/RR2' and the new second
lien notes rating is 'CCC/RR6'.  The facilities are to be
guaranteed by Foresight Energy LP.


FORESIGHT ENERGY: Units Plan to Commence Refinancing Transactions
-----------------------------------------------------------------
Foresight Energy LP announced that its wholly-owned subsidiaries
Foresight Energy LLC and Foresight Energy Finance Corporation
intend to commence a series of transactions comprising a
refinancing of the following indebtedness:

   -- the Issuer's approximately $349 million in aggregate
      principal amount of Second Lien Senior Secured PIK Notes due
      2021, including accrued and unpaid interest thereon;

   -- the Issuers' approximately $300 million in aggregate
      principal amount of Second Lien Senior Secured Exchangeable
      PIK Notes due 2017, including accrued and unpaid interest
      thereon; and

   -- the Issuer's outstanding credit facilities, including the
      approximately $353 million outstanding under the revolving
      credit facility and the approximately $296 million term loan
      including, in each case, accrued and unpaid interest
      thereon.

In connection with the foregoing, Murray Energy Corporation intends
to contribute approximately $60.6 million in cash directly or
indirectly to FELP in the form of common equity, with such proceeds
further contributed to the Issuer.  On Feb. 24, 2017, the Issuers
issued a conditional notice of redemption to redeem $54.5 million
aggregate principal amount of the Second Lien Notes on the business
day immediately prior to the closing of the offering of the New
Notes at a redemption price equal to 110% of the principal thereof,
plus accrued and unpaid interest to, but excluding, the redemption
date.  The Equity Claw Redemption is expected to be funded using
the net proceeds from the Murray Investment.

The Issuers intend to obtain new debt financing, consisting of (i)
an offering of new senior secured second-priority notes due 2024
and (ii) borrowings under new senior secured first-priority credit
facilities, including a new $750.0 million term loan and a new
$170.0 million revolving credit facility, which New Revolving
Credit Facility, except for letters of credit, is expected to be
undrawn at closing, and use the net proceeds of such debt financing
, together with approximately $78 million of cash on hand, to (x)
redeem the remaining aggregate principal amount of the Second Lien
Notes at a redemption price equal to the 100% of the principal
thereof, plus accrued and unpaid interest thereon, to, but
excluding, the redemption date, plus the applicable "make-whole";
(y) redeem the full aggregate principal amount of the outstanding
Exchangeable PIK Notes at a redemption price equal to 100% of the
principal thereof, plus accrued and unpaid interest to, but
excluding, the redemption date; and (z) repay all outstanding
borrowings under the Existing Credit Facilities and terminate the
commitments thereunder.  Those proceeds would also be used to pay
related fees and expenses.  In the event the foregoing transactions
are consummated, Murray Energy is also expected to exercise its
option to acquire an additional 46% voting interest in Foresight
Energy GP LLC, a Delaware limited liability company and the general
partner of the Company, from Foresight Reserves LP and Michael J.
Beyer pursuant to the terms of that certain option agreement, dated
April 16, 2015, among Murray Energy, Reserves and Beyer, as
amended, thereby increasing Murray Energy's voting interest in FEGP
to 80%.

The closing of the New Credit Facilities, including the initial
borrowings under the New Term Loan, and the offering of the New
Notes are each subject to successful marketing and other
conditions, and there can be no assurance that we will close the
New Credit Facilities, issue the New Notes, consummate the Murray
Investment, complete the Redemptions or refinance the Existing
Credit Facilities as described, or at all.

Any future offering of New Notes will be offered only to qualified
institutional buyers in reliance on Rule 144A under the Securities
Act of 1933, as amended, and outside the United States, only to
non-U.S. investors pursuant to Regulation S.  Any New Notes will
not be registered under the Securities Act or any state securities
laws and may not be offered or sold in the United States absent an
effective registration statement or an applicable exemption from
registration requirements or in a transaction not subject to the
registration requirements of the Securities Act or any state
securities laws.

                       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 reported a net loss of $178.62 million on $875.83 million
of total revenues for the year ended Dec. 31, 2016, compared to a
net loss of $38.68 million on $984.85 million of total revenues for
the year ended Dec. 31, 2015.

As of Dec. 31, 2016, Foresight Energy had $1.68 billion in total
assets, $1.84 billion in total liabilities and a total partners'
deficit of $154.59 million.

                          *     *     *

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.

The TCR reported by the TCR on March 3, 2017, that Fitch Ratings
has assigned a first-time Long-Term Issuer Default Rating (IDR) of
'B-' to Foresight Energy LP and Foresight Energy LLC.  Foresight
Energy LLC's new senior secured first lien term loan and new
revolving credit facility ratings are 'B+/RR2' and the new second
lien notes rating is 'CCC/RR6'.  The facilities are to be
guaranteed by Foresight Energy LP.


FRONTIER COMMS: Weak 4Q Results Back Neg. Outlook, Moody's Say
--------------------------------------------------------------
Moody's Investors Service said Frontier Communications Corporation
(B1, negative) reported weak fourth quarter results earlier last
week as the company experienced continued operational difficulties
within its newly acquired properties. Frontier's results and
forward guidance suggest the company's revenues and EBITDA will
remain weak and fall below Moody's prior expectations. Frontier's
leverage was 4.8x (Moody's adjusted) as of 12/31/16 and may remain
above the current limit for Frontier's B1 rating of 4.75x (Moody's
adjusted).

Frontier's liquidity remains good, with an undrawn $850 million
revolver and over $500 million of cash as of 12/31/16. Moody's
expects the company to address its near term maturities with cash,
revolver borrowings and potentially new bank debt. Frontier has
$363 million of debt due in 2017, $733 million due in 2018 and $818
million due in 2019. However, the company faces a very challenging
maturity profile starting in 2020 when $2.4 billion of debt
matures.

Moody's views Frontier's current dividend policy unfavorably given
the company's rapidly deteriorating fundamentals and large looming
maturities. Absent a change in capital allocation and a reversal of
the operating fundamentals, Moody's believes Frontier's probability
of default will continue to rise as it approaches this large
maturity wall.

Frontier's guidance calls for a reduction in capital spending in
2017, which Moody's believes will pressure its long term growth
potential. Frontier's legacy network operations face tough
competition from cable incumbents who offer better service quality
and faster broadband speeds from their superior network assets.
Moody's believes that Frontier will not reverse its current
negative operating trends without disciplined capital investment.

Frontier's B1 CFR reflects its large scale of operations, its
predictable cash flows and extensive network assets. These factors
are offset by its declining revenues and margins, an aggressive
financial policy that includes a high dividend payout and frequent
debt-financed acquisitions. Additionally, the ratings are
constrained by the risk that the company may not have the
discipline to continue to adequately invest in network
modernization.

Moody's had previously expected Frontier's acquisition of Verizon's
California, Texas and Florida (CTF) markets to result in a
meaningful increase in free cash flow, stable EBITDA and a stronger
market position. The rating had incorporated a forward view of
these benefits, giving time to integrate the assets and realize
cost savings. However, recent results have fallen short of Moody's
expectations and Frontier's credit metrics may remain below Moody's
prior view. The recent downgrade to B1 and change to negative
outlook reflects a recalibration of Moody's projections and a less
prospective approach to the rating.

Frontier's negative outlook reflects the risk that it may not be
able to reverse the unfavorable operating trends among its CTF
markets and that EBITDA could continue to decline. Moody's could
stabilize Frontier's outlook if the company's operating performance
improves and it maintains or improves liquidity. Moody's could
downgrade Frontier's ratings if leverage is sustained above 4.75x
(Moody's adjusted) or if free cash flow turns negative, on a
sustained basis. Also, the ratings could be downgraded if the
company's liquidity deteriorates, if it engages in shareholder
friendly activities or if capital spending is reduced below the
level required to sustain the company's market position.

Frontier is an Incumbent Local Exchange Carrier (ILEC)
headquartered in Norwalk, CT and the fourth largest wireline
telecommunications company in the US. In April of 2016, Frontier
finalized the acquisition of Verizon's wireline assets in
California, Texas and Florida. Pro forma for this transaction,
Frontier will approximately double in size and generate
approximately $10 billion in annual revenues.


FUNCTION(X) INC: Closes $4,800,000 Common Stock Offering
--------------------------------------------------------
Function(x) Inc. announced the closing of its underwritten public
offering of 4,571,428 shares of its common stock at an offering
price of $1.05 per common share. Gross proceeds to Function(x),
Inc. from this offering are approximately $4,800,000 before
deducting underwriting discounts and commissions and other offering
expenses payable by Function(x), Inc.  Additionally, Function(x)
Inc. has granted the underwriters a 45-day option to purchase up to
an additional 685,714 shares of common stock to cover
over-allotments, if any.

Aegis Capital Corp. and Laidlaw & Company (UK) Ltd acted as joint
book-running managers for the offering.

A registration statement relating to these securities has been
filed with the Securities and Exchange Commission and became
effective on Feb. 23, 2017.

                     About Function(x)Inc.

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

The Company incurred a net loss of $63.68 million for the year
ended June 30, 2016, compared to a net loss of $78.53 million for
the year ended June 30, 2015.

As of Dec. 31, 2016, Function(x) had $31.80 million in total
assets, $27.94 million in total liabilities and $3.85 million in
total stockholders' equity.

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


GENERAL NUTRITION: Moody's Lowers Corporate Family Rating to B1
---------------------------------------------------------------
Moody's Investors Service downgraded all ratings of General
Nutrition Centers, Inc., including the Corporate Family Rating to
B1 from Ba3, the Probability of Default Rating to B1-PD from
Ba3-PD, and the Senior Secured Credit Facility to Ba3 from Ba2. The
ratings outlook is stable. GNC's Speculative Grade Liquidity rating
was also downgraded to an SGL-2 from an SGL-1.

Downgrades:

Issuer: General Nutrition Centers, Inc.

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

-- Corporate Family Rating, Downgraded to B1 from Ba3

-- Senior Secured Bank Credit Facility, Downgraded to Ba3(LGD3)
    from Ba2(LGD3)

-- Probability of Default Rating, Downgraded to B1-PD from Ba3-PD

Outlook Actions:

Issuer: General Nutrition Centers, Inc.

-- Outlook, Changed To Stable From Negative

The downgrade reflects GNC's challenge to improve its market
positioning in the face of deteriorating operating performance.
Although its current business realignment appears necessary to
stabilize its business, its changes to pricing and promotional
cadence provide additional risk if not executed successfully" says
Moody's Vice President, Christina Boni. Debt/EBITDA at 4.7x as of
December 31, 2016 and interest coverage (EBIT to interest) of 2.6x
are expected to weaken further before improving as the company
works through the transition and stabilizes its share. Nonetheless,
Moody's anticipate that the company will have in excess of $150
million in free cash flow to deploy towards debt reduction this
year.

RATINGS RATIONALE

GNC's B1 Corporate Family Rating is supported by the company's
well-known brand name in its target markets along with Moody's
favorable view of the vitamin, mineral, and nutritional supplement
("VMS") category due to favorable demographic trends in the United
States. Nonetheless, Moody's expects GNC's operating performance
will remain pressured as the company focuses on improving its
market positioning following significant sales declines in 2016.
GNC is realigning its pricing and promotional cadence to improve
its customer traffic. Credit metrics are expected to continue to
weaken further before beginning to stabilize toward the end of 2017
as the company enacts its turnaround.

Other key credit concerns include GNC's sizable concentration in
sports nutrition, which is a much more limited product segment with
a relatively smaller target market than the VMS product category.
Also considered is the potential risk arising from adverse
publicity and product liability claims with regard to certain
products sold by GNC, particularly diet products and herbs, two
faddish product categories that are more exposed to such risks and
earnings volatility.

The stable outlook incorporates Moody's views that GNC's operating
performance should stabilize albeit at a lower profitability level
as a result of its initiatives to improve its market positioning.
Moody's outlook is also predicated on that the company continues to
prioritize debt reduction as is evidenced by the elimination of its
common stock dividend and stock repurchases.

GNC's ratings could be upgraded over time if the company
demonstrates consistent stable to improving same store while
maintaining operating margins at or above the low teens. An upgrade
would require that GNC continue to adhere to a financial policy
that would support debt/EBITDA sustained below 3.75x.

Ratings could be downgraded if the company were to see a material
decline in sales trends or operating margins, either through a
weakening competitive profile or material product-related risks.
Ratings could also be lowered if the company's financial policies
were to become aggressive, or if liquidity were to materially erode
or if any significant maturities in the capital structure were not
addressed well before coming current. Quantitatively, a ratings
downgrade could occur if it appears that debt/EBITDA will be
sustained above 5.0x or EBIT/Interest falls near 2.0x.

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

General Nutrition Centers, Inc., headquartered in Pittsburgh, PA,
is a diversified, multi-channel business model which generates
revenue from product sales through company-owned retail stores,
domestic and international franchise activities, third-party
contract manufacturing, e-commerce and corporate partnerships. As
of December 31, 2016, GNC had more than 9,000 locations, of which
more than 6,700 retail locations are in the United States
(including 2,358 Rite Aid franchise store-within-a-store locations)
and franchise operations in approximately 50 countries.


GENERAL WIRELESS: Radioshack Successor Preparing for Bankruptcy
---------------------------------------------------------------
Lauren Coleman-Lochner, Jodi Xu Klein, and Scott Moritz, writing
for Bloomberg News, reported that General Wireless Operations, the
RadioShack successor created by a partnership between Sprint Corp.
and the defunct retailer's owners, is preparing to file for
bankruptcy, according to people familiar with the matter.

The Bloomberg report, citing the people, said a filing could happen
within the coming days and will probably result in liquidation.
The beleaguered company, which does business as RadioShack,
operates outlets that share space with Sprint's retail locations,
as well as franchising the name to other stores, the report said.

The bankruptcy would deal another blow to the RadioShack brand, an
almost-century-old source of electronics that struggled to compete
with online merchants and big-box retailers, the report related.
The General Wireless venture was designed to help the RadioShack
name live on following the demise of the original chain, but
pressures on the business, including sluggish foot traffic at
shopping centers and a shift to e-commerce, have persisted, the
report further related.

                    About RadioShack Corporation

Headquartered in Fort Worth, Texas, RadioShack was a retailer of
mobile technology products and services, as well as products
related to personal and home technology and power supply needs.
RadioShack's retail network includes more than 4,300 company-
operated stores in the United States, 270 company-operated
stores in Mexico, and approximately 1,000 dealer and other outlets
worldwide.

RadioShack Corp. and affiliates sought Chapter 11 protection
(Bankr. D. Del. Lead Case No. 15-10197) on Feb. 5, 2015,
disclosing total assets of $1.2 billion, versus total debt of $1.3
billion.

David G. Heiman, Esq., Greg M. Gordon, Esq., Amanda M. Suzuki,
Esq., Jonathan M. Fisher, Esq., Thomas A. Howley, Esq., and Paul
M. Green, Esq., at Jones Day served as the Debtors' bankruptcy
counsel.  David M. Fournier, Esq., Evelyn J. Meltzer, Esq., and
John H. Schanne, II, Esq., at Pepper Hamilton LLP served as
co-counsel.

Carlin Adrianopoli at FTI Consulting, Inc., is the Debtors'
restructuring advisor.  Maeva Group, LLC, is the Debtors'
turnaround advisor.  Lazard Freres & Co. LLC is the Debtors'
investment banker.  A&G Realty Partners is the Debtors' real
estate advisor.  Prime Clerk is the Debtors' claims and noticing
agent.

The Official Committee of Unsecured Creditors tapped Quinn Emanuel
Urquhart & Sullivan, LLP, and Cooley LLP as co-counsel, and
Houlihan Lokey Capital, Inc., as financial advisor and investment
banker.  

                           *     *     *

After an auction in March 2015, the Debtors sold most of the
assets to General Wireless, Inc., an entity formed by Standard
General, L.P., for $150 million.  The Debtors also sold Mexican
assets to Office Depot de Mexico, S.A. de C.V., for $31.8 million
plus the assumption of debt.  Regal Forest Holding Co. Ltd. bought
the Debtors' intellectual property assets in Latin America for a
purchase price of $5 million.

In June 2015, the Debtors changed their name to RS Legacy
Corporation, et al., following the sale of the Company's brand
name and customer data to General Wireless.

The bankruptcy judge on Oct. 2, 2015, issued an order confirming
the first amended joint plan of liquidation of the Debtors.  The
centerpiece of the Plan is the resolution of various disputes
among the Debtors, the Creditors' Committee and the SCP Secured
Parties.

The Plan was declared effective on Oct. 7, 2015.


GENESIS MEDICAL: Taps Estudio Legal as Legal Counsel
----------------------------------------------------
Genesis Medical Equipment and Pharmacy Inc. seeks approval from the
U.S. Bankruptcy Court for the District of Puerto Rico to hire legal
counsel.

The Debtor proposes to hire Estudio Legal 1611 Corp. to give legal
advice regarding its duties under the Bankruptcy Code, and provide
other legal services related to its Chapter 11 case.

Ada Conde, Esq., the attorney designated to represent the Debtor,
will charge an hourly rate of $225, and will receive reimbursement
for work-related expenses.  

Ms. Conde disclosed in a court filing that she and other members of
her firm are "disinterested persons" as defined in section 101(14)
of the Bankruptcy Code.

The firm can be reached through:

     Ada M. Conde-Vidal, Esq.
     Estudio Legal 1611 Corp
     PO Box 13268
     San Juan, PR 00908-3268
     Tel: 787-721-0401
     Email: estudiolegal1611@gmail.com

                 About Genesis Medical Equipment

Genesis Medical Equipment and Pharmacy Inc. sought protection under
Chapter 11 of the Bankruptcy Code (Bankr. D.P.R. Case No. 17-01072)
on February 21, 2017.  The petition was signed by Miriam Lacen
Rivas president.  

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


GENON ENERGY: KPMG LLP Raises Going Concern Doubt
-------------------------------------------------
GenOn Energy, Inc., and its affiliates filed with the U.S.
Securities and Exchange Commission its annual report on Form 10-K,
disclosing a net income of $81 million on $1.86 billion of total
operating revenue for the year ended December 31, 2016, compared to
a net loss of $115 million on $2.37 billion of total operating
revenue for the year ended December 31, 2015.

KPMG LLP states that $691 million of GenOn Energy, Inc.'s (GenOn)
senior notes outstanding are current within the consolidated
balance sheet are due on June 15, 2017.  GenOn's future
profitability continues to be adversely affected by (i) a sustained
decline in natural gas prices and its resulting effect on wholesale
power prices and capacity prices, and (ii) the inability of GenOn
Mid-Atlantic, LLC (GenOn Mid-Atlantic) and NRG REMA LLC (REMA), two
wholly owned subsidiaries of GenOn, to make distributions of cash
and certain other restricted payments to GenOn.  Based on current
projections, GenOn is not expected to have sufficient liquidity
exclusive of cash subject to the restrictions under the GenOn
Mid-Atlantic and REMA operating leases to repay the senior notes
due in June 2017.  These factors raise substantial doubt about the
Company's ability to continue as a going concern.

The Company's balance sheet at December 31, 2016, showed $4.86
billion in total assets, $4.52 billion in total liabilities, and a
total stockholders' equity of $340 million.

A copy of the Company's Form 10-K Report is available at:

                  https://is.gd/SCa3Tk

GenOn Energy, Inc., and its affiliates are wholesale power
generation subsidiaries of NRG, which is a competitive power
company that produces, sells and delivers energy and energy
services, primarily in major competitive power markets in the U.S.
GenOn is an indirect wholly-owned subsidiary of NRG.  GenOn was
incorporated as a Delaware corporation on Aug. 9, 2000, under the
name Reliant Energy Unregco, Inc.  GenOn Americas Generation and
GenOn Mid-Atlantic are indirect wholly owned subsidiaries of
GenOn.



GENON ENERGY: Posts $81 Million Net Income for 2016
---------------------------------------------------
GenOn Energy, Inc. filed with the Securities and Exchange
Commission its annual report on Form 10-K reporting net income of
$81 million on $1.86 billion of total operating revenues for the
year ended Dec. 31, 2016, compared to a net loss of $115 million on
$2.37 billion of total operating revenues for the year ended Dec.
31, 2015.

As of Dec. 31, 2016, Genon Energy had $4.86 billion in total
assets, $4.52 billion in total liabilities and $340 million in
total stockholders' equity.

The Company's independent auditors issued a "going concern"
qualification on the consolidated financial statements for the year
ended Dec. 31, 2016.  KPMG LLP, in Philadelphia, Pennsylvania,
noted that GenOn does not have sufficient liquidity to satisfy its
obligations as of Dec. 31, 2016.

"GenOn's future profitability continues to be adversely affected by
(i) a sustained decline in natural gas prices and its resulting
effect on wholesale power prices and capacity prices, and (ii) the
inability of GenOn Mid-Atlantic, LLC (GenOn Mid-Atlantic) and NRG
REMA LLC (REMA), two wholly owned subsidiaries of GenOn, to make
distributions of cash and certain other restricted payments to
GenOn.  Based on current projections, GenOn is not expected to have
sufficient liquidity exclusive of cash subject to the restrictions
under the GenOn Mid-Atlantic and REMA operating leases to repay the
senior notes due in June 2017," the auditors said.

As of Dec. 31, 2016, GenOn Americas Generation, a consolidated
subsidiary of GenOn, has a note receivable due from GenOn Energy
Holdings, a consolidated subsidiary of GenOn, of $315 million and
an accounts payable due to GenOn Energy Holdings of $43 million
under the intercompany cash management program.  The terms of the
intercompany note do not provide for priority to GenOn Americas
Generation and as such, there is no assurance that options pursued
by GenOn will not have an adverse impact on GenOn Americas
Generation's liquidity.  As such, there is substantial doubt about
GenOn Americas Generation's ability to continue as a going
concern.

With respect to GenOn Mid-Atlantic, a consolidated subsidiary of
GenOn, management has determined that while it has sufficient cash
on hand to fund current obligations including operating lease
payments due under the GenOn Mid-Atlantic operating leases as of
Dec. 31, 2016, the potential significant adverse impact of
financial stresses at GenOn Mid-Atlantic's parent companies and, to
a lesser extent, any adverse impact resulting from the notification
by GenOn Mid-Atlantic's lessors alleging the existence of lease
events of default, has caused there to be substantial doubt about
GenOn Mid-Atlantic'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/SCa3Tk

                          About Genon

GenOn Energy, Inc. and its affiliates are wholesale power
generation subsidiaries of NRG, which is a competitive power
company that produces, sells and delivers energy and energy
services, primarily in major competitive power markets in the U.S.
GenOn is an indirect wholly-owned subsidiary of NRG.  GenOn was
incorporated as a Delaware corporation on Aug. 9, 2000, under the
name Reliant Energy Unregco, Inc.  GenOn Americas Generation and
GenOn Mid-Atlantic are indirect wholly owned subsidiaries of GenOn.
GenOn Americas Generation was formed as a Delaware limited
liability company on Nov. 1, 2001, under the name Mirant Americas
Generation, LLC. GenOn Mid-Atlantic was formed as a Delaware
limited liability company on July 12, 2000, under the name Southern
Energy Mid-Atlantic, LLC.  GenOn Mid-Atlantic is a wholly-owned
subsidiary of NRG North America and an indirect wholly owned
subsidiary of GenOn Americas Generation.  The Registrants are
engaged in the ownership and operation of power generation
facilities; the trading of energy, capacity and related products;
and the transacting in and trading of fuel and transportation
services.

                         *    *    *

As reported by the TCR on Jan. 13, 2017, S&P Global Ratings lowered
its corporate credit ratings to 'CCC-' from 'CCC' on GenOn Energy
Inc. and its affiliates: GenOn Energy Holdings Inc., GenOn Americas
LLC, GenOn Mid-Atlantic LLC, and GenOn REMA LLC.  The outlook is
negative.  "The negative outlook reflects the continuing pressure
on financial measures.  And, while we did not expect a default in
2016 because of significant cash balances, it reflects the
prospects that GenOn might consider distressed exchange offers over
the next six months," said S&P Global Ratings credit analyst Aneesh
Prabhu.

In October 2016, Moody's Investors Service downgraded GenOn Energy,
Inc.'s corporate family rating and probability of default (PD)
rating to Caa3 from Caa2, and Caa3-PD from Caa2-PD, respectively.


GRACIOUS HOME: Hires K&L Gates as Intellectual Property Counsel
---------------------------------------------------------------
Gracious Home, LLC, et al., seek authority from the U.S. Bankruptcy
Court for the Southern District of New York to employ K&L Gates LLP
as special intellectual property counsel to the Debtors.

Gracious Home requires K&L Gates to

   a. provide intellectual property counsel for trademark
      renewals and affidavits filed with the U.S. Patent and
      Trademark Office, including one which was filed on February
      3, 2017; and

   b. perform legal services in connection with maintenance of
      intellectual property in the Chapter 11 case

K&L Gates will be paid at these hourly rates:

     Partners                    $570-$725
     Associates                  $295-$365
     Paraprofessionals           $220-$325

Prior to the bankruptcy filing, K&L Gates issued invoices in the
aggregate amount of $23,092.59 that have not been paid. K&L Gates
also has accrued time and associated charges, and incurred
disbursements, for services post-petition through the date of the
Application in the aggregate amount of $4,918.26.

K&L Gates will be reimbursed for reasonable out-of-pocket expenses
incurred.

Andrew L. Reibman, partner of K&L Gates LLP, assured the Court that
the firm is a "disinterested person" as the term is defined in
Section 101(14) of the Bankruptcy Code and (a) are not creditors,
equity security holders or insiders of the Debtor; (b) have not
been, within two years before the date of the filing of the
Debtor's chapter 11 petition, directors, officers or employees of
the Debtor; and (c) do not have an interest materially adverse to
the interest of the estate or of any class of creditors or equity
security holders, by reason of any direct or indirect relationship
to, connection with, or interest in, the Debtor, or for any other
reason.

K&L Gates can be reached at:

     Andrew L. Reibman, Esq.
     K&L GATES LLP
     599 Lexington Avenue
     New York, NY 10022-6030
     Tel: (212) 536-3900
     Fax: (212) 536-3901
     E-mail: andrew.reibman@klgates.com

              About Gracious Home, LLC

Gracious Home LLC and its affiliates filed for bankruptcy
protection (Bankr. S.D.N.Y. Case No. 16-13500) on Dec. 14, 2016.
The Debtors estimated $10 million to $50 million in assets and
liabilities as of the bankruptcy filing.

The Debtors tapped Joseph J. DiPasquale, Esq., at Trenk,
Dipasquale, Della Ferra & Sodono, P.C., as counsel, Saul Ewing LLP
as special employment counsel, K&L Gates LLP as special
intellectual property counsel. The Debtors also tapped B. Riley &
Co. as restructuring advisor, A&G Realty Partners, LLC, as real
estate advisor, and Prime Clerk LLC as claims and noticing agent.

The Office of the U.S. Trustee on Jan. 6, 2017, appointed five
creditors of Gracious Home LLC to serve on an official committee of
unsecured creditors. The Committee has hired Seward & Kissel LLP as
counsel, Wyse Advisors, LLC as financial advisor.


GRACIOUS HOME: Hires Saul Ewing as Special Employment Counsel
-------------------------------------------------------------
Gracious Home, LLC, et al., seek authority from the U.S. Bankruptcy
Court for the Southern District of New York to employ Saul Ewing
LLP as special employment counsel to the Debtors.

Gracious Home requires Saul Ewing to:

   a. provide General Human Resource compliance counseling and
      advice, including but not limited to, severance, WARN,
      discrimination, harassment, disability, accommodation; and

   b. other employment law issues and to the extent necessary,
      defense of employment agency and litigation matters that
      arise from time to time.

Saul Ewing will be paid at these hourly rates:

     Partners                  $450-$950
     Associates                $230-$430
     Paraprofessionals         $215-$335

Prior to the bankruptcy filing, Saul Ewing issued 12 invoices, from
May 2016 through December 2016, in the aggregate amount of
$16,957.50 that have not been paid. Saul Ewing also has accrued
time and associated charges, and incurred disbursements, for
services post-petition through the date of the Application in the
aggregate amount of $9,412.

Saul Ewing will be reimbursed for reasonable out-of-pocket expenses
incurred.

Dena B. Calo, partner of Saul Ewing LLP, assured the Court that the
firm is a "disinterested person" as the term is defined in Section
101(14) of the Bankruptcy Code and (a) are not creditors, equity
security holders or insiders of the Debtor; (b) have not been,
within two years before the date of the filing of the Debtor's
chapter 11 petition, directors, officers or employees of the
Debtor; and (c) do not have an interest materially adverse to the
interest of the estate or of any class of creditors or equity
security holders, by reason of any direct or indirect relationship
to, connection with, or interest in, the Debtor, or for any other
reason.

Saul Ewing can be reached at:

     Dena B. Calo, Esq.
     SAUL EWING LLP
     1500 Market Street, 38th Floor
     Philadelphia, PA 19102
     Tel: (215) 972-7104
     Fax: (215) 972-1858
     E-mail: dcalo@saul.com

              About Gracious Home, LLC

Gracious Home LLC and its affiliates filed for bankruptcy
protection (Bankr. S.D.N.Y. Case No. 16-13500) on Dec. 14, 2016.
The Debtors estimated $10 million to $50 million in assets and
liabilities as of the bankruptcy filing.

The Debtors tapped Joseph J. DiPasquale, Esq., at Trenk,
Dipasquale, Della Ferra & Sodono, P.C., as counsel, Saul Ewing LLP
as special employment counsel, K&L Gates LLP as special
intellectual property counsel. The Debtors also tapped B. Riley &
Co. as restructuring advisor, A&G Realty Partners, LLC, as real
estate advisor, and Prime Clerk LLC as claims and noticing agent.

The Office of the U.S. Trustee on Jan. 6, 2017, appointed five
creditors of Gracious Home LLC to serve on an official committee of
unsecured creditors. The Committee has hired Seward & Kissel LLP as
counsel, Wyse Advisors, LLC as financial advisor.


HANSELL/MITZELL: BYK Buying Three Nookachamp Hills Lots for $315K
-----------------------------------------------------------------
Daniel R. Mitzel and Patricia R. Burklund ask the U.S. Bankruptcy
Court for the Western District of Washington to authorize the sales
of real property of the estate, three Nookachamp Hills lots, 160,
209 and 239, to BYK Construction, Inc. for $315,000.

Nookachamp Hills is a residential real estate development project
in Mount Vernon, Washington, consisting of 252 lots in 4 phases.
Phases 3 and 4 comprised 91 lots recorded in 2008.  Currently, 49
lots remain unsold.  The Debtors own 23 lots, 25 lots are owned by
Paul W. Rutter, and 1 lot is owned by Nookachamp Hills LLC (an LLC
owned 50% by the Debtors and 50% by Paul W. Rutter).  The Debtors
previously owned and sold Nookachamp Hills 22 lots and they built
and sold 1 custom home, and 2 speculative "spec" homes in Divisions
3 and 4 (one of which was Nookchamp House sale approved by the
Court).

The three Nookachamp Hills lots subject to the Motion are: (i)
Nookachamp Hills Lot 160, (ii) Nookachamp Hills Lot 209, and
Nookachamp Hills Lot 209.

The Buyer has purchased more lots from the Debtors than any other
builder in the Divisions 2-B, 3 and 4 of Nookachamp Hills.  All
sales, including the proposed sales of Lot 160, Lot 209, and Lot
239 have been negotiated transactions conducted at arm's-length.
Most of the lots the Debtors have sold to BYK for speculative
"spec" home building over the last five years (at least 7 lots)
have been under an arrangement whereby BYK pays a portion of the
purchase price up front, with the Debtors carrying a note for the
remainder of the price.  This is a common practice in the real
estate development industry that helps the builder stretch its
available capital and allows for a higher purchase price to be paid
to the seller.

Lot 160 has a challenging shape and topography that have made it
difficult to attract either "spec" home builders or buyers
interested in building a custom home.  Lot 160 has been for sale
since 2006, with no offers because of its shape and location.  The
Lot 160 listing has expired but the last listing price was about
$120,000.

The proposed Lot 160 sale contemplates the Debtors carrying a
promissory note by BYK in the amount of $100,000, secured by a
second Deed of Trust against Lot 160, junior to BYK lender(s).  The
$100,000 Note will accrue interest at 5% annually and be due and
payable on the earlier of 18 months or the closing of the sale of
the built home.  Closing costs and payment of excise taxes and
pre-closing real estate taxes will be borne by BYK and credited
against the Note.

The sale also contemplates payment to the Debtors of percentages of
"gross profits" (i) 50% of gross profits above $60,000 up to
$100,000; and (ii) 20% of gross profits above $100,000.  Gross
profits is defined as net home sale proceeds minus (i) $100,000;
(ii) construction costs and direct costs; (iii) payoffs to BYK
lender(s); and (iv) a 5% builder's fee ("Gross Profits").
Excluding the Debtors share of the Gross Profits, the price the
Debtors would obtain for Lot 160 without the creative solution of
the proposed sale would be $30,000 to $40,000 less.

The sole lien against Lot 160 is the judgment of Washington Federal
recorded in Skagit County on Jan. 4, 2017.  The Debtors will be
filing a complaint to avoid Washington Federal's judgment lien.
The Debtors propose that the judgment lien attach to the Note and
Deed of Trust to the same extent and with the same priority and
validity that it attached to Lot 160, subject to any and all
defenses, claims and other rights of the Debtors and the estate,
with payment of proceeds of the Note and Deed of Trust subject to
further court order.

The proposed Lot 209 sale is for a base purchase price of $100,000
with up-front payment of $75,000 and the Debtors carrying a
promissory note by BYK in the amount of $25,000, secured by a
second Deed of Trust against Lot 209, junior to a BYK lender(s).
The $25,000 Note will accrue interest at 5% annually and be due and
payable on the earlier of 18 months or the closing of the sale of
the built home.

The sale also contemplates payment to the Debtors of 50% of Gross
Profits above $60,000, up to a maximum of $5,000.  The listing
price for Lot 209 was $115,000; based on Dan Mitzel's extensive
knowledge of the Nookachamp Hills project, the Debtors believe the
proposed sale reflects the best
value for Lot 209.

Peoples Bank holds a first position Deed of Trust against Lot 209
as security for a loan in the original amount of approximately
$3,350,000, with a current balance of approximately $1,343,716.
The Debtors seeks to apply the net sale proceeds to the People Bank
secured claim.

The proposed Lot 239 sale is for a base purchase price of $115,000
with up-front payment of $90,000 and the Debtors carrying a
promissory note by BYK in the amount of $25,000, secured by a
second Deed of Trust against Lot 239, junior to a BYK lender(s).
The $25,000 Note will accrue interest at 5% annually and be due and
payable on the earlier of 18 months or the closing of the sale of
the built home.  The sale also contemplates payment to the Debtors
of 50% of Gross Profits above $60,000, up to a maximum of $5,000.
The listing price for Lot 239 was $135,000; based on Dan Mitzel's
extensive knowledge of the Nookachamp Hills project, the Debtors
believe the proposed sale reflects the best value for Lot 239.

Peoples Bank holds a first position Deed of Trust against Lot 239
as security for a loan in the original amount of approximately
$3,350,000, with a current balance of approximately $1,343,716.
The Debtors seeks to apply the net sale proceeds to the People Bank
secured claim.  

The Debtors respectfully ask Orders from the Court authorizing
sales of Lots 160, 209 and 239 free and clear of liens, claims and
encumbrances as set forth.

Each of the proposed lot sales has a closing date of March 31, 2017
or sooner.  Therefore, the Debtors respectfully ask waiver of the
Bankruptcy Rule 6004(h) say of the sale orders.

                   About Hansell/Mitzell, LLC

Hansell/Mitzel LLC, d/b/a Hansell Mitzel Homes, d/b/a Resort
Maintenance Services, based in Mt. Vernon, Wash., filed a Chapter
11 petition (Bankr. W.D. Wash. Case No. 16-16311) on Dec. 21,
2016.
Hon. Timothy W. Dore presides over the case.  John R Rizzardi,
Esq., of Cairncross & Hempelmann, P.S., serves as bankruptcy
counsel.  

In its petition, the Debtor estimated $10 million to $50 million
in
both assets and liabilities.  The petition was signed by Daniel R.
Mitzel, managing member.

          About Daniel R. Mitzel and Patricia R. Burklund

Daniel R. Mitzel and Patricia R. Burklund have lived and worked in
the Skagit Valley community.  Since the early 1980's, Mr. Mitzel
has worked as a developer and occasionally builder of more than 50
residential and commercial real estate projects in Skagit,
Island, Snohomish, Lewis, and Pierce counties.  Ms. Burklund built
an active career in public service, working at the Port of Seattle
before serving as the Executive Director for the Port of Skagit
prior to her retirement.

During the early-mid 2000's, Mr. Mitzel and Mr. Hansell partnered
to develop and build single-family residences in Skagit County.
In
several of those years, Hansell Mitzel Homes was the largest
developer of single family neighborhoods in Skagit County, and
built hundreds of homes in Skagit County from 2002-2008.  Mr.
Mitzel and Ms. Burklund own substantial commercial and residential
real estate in their own names, and hold interests in a number of
LLC's that, in turn, own commercial and residential real estate.
The bankruptcy was precipitated by a residential development
project owned by Hansell Mitzel LLC, the jointly-administered
debtor.

Mr. Mitzel and Ms. Burklund are represented by:

     Armand J. Kornfeld, Esq.
     Aimee S. Willig, Esq.
     BUSH KORNFELD LLP
     LAW OFFICES
     601 Union Street, Suite 5000
     Seattle, Washington 98101-2373
     Tel: (206) 292-2110
     Fax: (206) 292-2104
     E-mail: jkornfeld@bskd.com
             awillig@bskd.com



HATU WINDS: Salt Lake County Buying Property for $3.50 Million
--------------------------------------------------------------
Hatu Winds Land Co., LC ("HWCL"), asks the U.S. Bankruptcy Court
for the District of Utah to authorize the sale of real property
owned by the Debtor, located at 1820 West Printers Row (2300
South), West Valley City, Salt Lake County, Utah, tax parcel nos.
15-22-127-006 and 15-22-127-009, to Salt Lake County for
$3,500,000, subject to higher and better offers.

HWL is a Utah limited liability company that owns and leases the
Property to third parties.  Prior to the bankruptcy and during the
bankruptcy, HWL has continued to market and sell the Property.  As
a result of these efforts, HWL has received the offer embodied in
the Real Estate Purchase Contract.

HWL believes the best way to pay claims of this estate is to
realize the value of the sale of the Property.  Continuing to lease
space in the Property would not generate sufficient cash to pay
claims nearly as quickly as selling the Property.

The Debtor's primary creditors are Chase Bank USA and the SBA, both
of whom have secured claims against the Property.  The Debtor is in
the process of drafting its plan of reorganization, and intends to
treat the claims and pay the proceeds of the sale pursuant to its
plan of reorganization, rather than attempt to do so in the
Motion.

These liens exist against the Property:

          a. Property Taxes are owed to Salt Lake County in the
approximate amount of $98,202, plus interest accruing at 7%.

          b. Chase Bank USA asserts a claim and has a recorded deed
of trust against the Property.  The Debtor's records show the last
amount of this claim to be $1,551,902.

          c. Chase Bank USA asserts a claim and has a second
recorded deed of trust against the Property.  The Debtor's records
show the last amount of this claim to be $139,235.

          d. Small Business Administration asserts a claim and has
a recorded deed of trust against the Property.  The Debtor's
records show the last amount of this claim to be $1,083,249.

          e. Elliot Moses asserts a claim and has a recorded deed
of trust against the Property.  The Debtor's records show the last
amount of this claim to be $199,000.

          f. Jeranimo, LC asserts a claim and has a recorded deed
of trust against the Property.  The Debtor's records show the last
amount of this claim to be $30,000.

The total face amount of these claims is $3,101,589.

The Buyer will close on the Property at a purchase price of
$3,500,000, on May 31, 2017.  The purchase price will be paid in
full at closing.  The Buyer's due diligence period extends for 90
days.  The Debtor and the Buyer will share all escrow and closing
costs, and if required by Buyer, the Debtor will purchase a title
insurance policy for Buyer.  The Buyer will deposit $10,000 of
earnest money with Metro National Title Co., which remains
refundable to Buyer until the Buyer has completed its Buyer
Undertakings and removed all contingencies stated in sections 8 and
9 of the Agreement.

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

         http://bankrupt.com/misc/Hatu_winds_26_Sales.pdf

The Debtor is entitled to continue to market the property and
obtain higher and better offers.  Any higher and better offer will
include first a repayment of the Buyer's actual out of pocket costs
for title work, inspection fees, and other expenses incurred in
carrying out its Due Diligence.  

The Buyer will also have the opportunity to match any higher and
better offer, or withdraw.  In the event of withdrawal, the Buyer
receives back the earnest money.  In the event of an auction, the
Buyer is deemed an authorized bidder upon paying the earnest
money.

A sound business reason exists for the sale.  Selling the Property
generates the cash necessary to pay all allowed claims in full, and
in a much shorter time than continuing to lease the Property and
attempt to generate more leases.  In addition, the Debtor needs
funds to administer the estate and determine claims.  The sale will
provide these necessary funds and also relieve the Debtor of the
expenses and risks involved generally in operating as a landlord.

The sale will generate sales proceeds of $3,500,000.  The Debtor's
agent has agreed to a flat commission of 4% ($140,000), rather than
the customary 6%, and will share this 4% with the Buyer's agent.
Even assuming for simple math there are an additional $60,000 of
closing costs for the title insurance policy, prorations, and
anything else that comes up, that still leaves net sales proceeds
of $3,300,000, exceeding the expected amount of lien claims by
almost $200,000.

Furthermore, the lien for Elliot Moses is to an insider and was
recorded within one year of the petition date.  Thus, it is
potentially avoidable under 11 U.S.C. Section 547, if necessary,
garnering an additional $199,000 of sales proceeds to pay allowed
secured claims.

Accordingly, the Debtor asks the Court to authorize the proposed
sale of Property to the Buyer pursuant to the Agreement free and
clear of all interests, liens, claims and encumbrances.

The Purchaser can be reached at:

          Salt Lake County Real Estate
          2001 South State Street, #S120
          Salt Lake City, UT 84114
          Telephone: (385) 468-0373

                About Hatu Winds Land Co., LC

Hatu Winds Land Co., LC, based in Ogden, Utah, filed a Chapter 11
petition (Bankr. D. Utah Case No. 17-20136) on Jan. 9, 2017.  The
Hon. Joel T. Marker presides over the case.  James W. Anderson,
Esq., at Clyde Snow & Sessions, to serve as bankruptcy counsel.

In its petition, the Debtor estimated $1 million to $10 million in
both assets and liabilities.  The petition was signed by Elliot
Moses, manager.


HILTON WORLDWIDE: S&P Affirms 'BB+' CCR; Outlook Positive
---------------------------------------------------------
S&P Global Ratings said that it affirmed its 'BB+' corporate credit
rating on McLean, Va.-based Hilton Worldwide Holdings Inc. The
rating outlook is positive.

At the same time, S&P affirmed its 'BBB-' issue-level rating on
company borrower subsidiary Hilton Worldwide Finance LLC's proposed
upsized aggregate $4 billion B-2 term loan due 2023. Hilton plans
to reduce pricing on its existing $3.2 billion B-2 term loan due
2023 and refinance its $750 million B-1 term loan due 2020 into the
proposed upsized aggregate $4 billion term loan. The '1' recovery
rating on the senior secured facility reflects S&P's expectation
for very high (90% to 100%; rounded estimate: 95%) recovery for
lenders in the event of a payment default.

S&P also affirmed its 'BB+' issue-level rating on the company's
senior unsecured notes.  The '4' recovery rating on the notes
reflects S&P's expectation for moderate (30% to 50%; rounded
estimate: 30%) recovery for lenders in the event of a payment
default.

The 'BB+' corporate credit rating affirmation reflects S&P's
expectation that S&P Global Ratings' measure of lease- and
pension-adjusted debt to EBITDA will likely be near S&P's 4x
upgrade threshold in 2017 with a limited cushion to accommodate
volatility over the lodging cycle, despite lower anticipated
interest costs that will likely improve coverage measures.  In
addition, the clear relinquishment of financial sponsor control
through Blackstone's anticipated sale of shares to HNA Tourism
Group also does not affect the rating because S&P do not expect a
change in Hilton's current financial policy to keep net debt to
EBITDA in the 3x to 3.5x range, as Hilton measures it.  Hilton
calculated its net debt to EBITDA at 3.1x as of year-end 2016, pro
forma for the spin-offs of its real estate and timeshare
businesses, which is at the low end of the company's desired policy
range.  This ratio differs from our measure around 0.5x, primarily
due to S&P's addition of operating lease- and pension debt
adjustments, its inclusion of certain restructuring charges in
EBITDA, and the partial netting of unrestricted cash balances.

S&P's financial risk assessment reflects its expectation for S&P
Global Ratings' measure of lease- and pension-adjusted debt to
EBITDA to be in the high-3x to 4x range in 2017, depending on
whether the company borrows in 2017 to complete share repurchase
under Hilton's $1 billion stock repurchase authorization program
announced in February 2017.  S&P expects this measure to improve to
the mid-3x area in 2018 primarily through EBITDA growth, unless
Hilton borrows to complete share repurchases in 2018.  FFO to debt
will likely be in around 20% in 2017 and in the low-20% area in
2018.  S&P expects EBITDA coverage of interest expense to be good
at above 6x through 2018.

S&P's assessment of Hilton's business risk profile as strong
reflects its large and globally diversified lodging portfolio of
quality brands that target multiple price segments, its experienced
management team, and its focus on managing and franchising hotels
rather than owning them.  In addition, favorable long-term
demographic trends and increasing travel patterns around the world
support S&P's favorable view of the lodging industry in general.
S&P believes Hilton is well-positioned to compete effectively for
hotel demand and third-party capital investment in growing its
system of managed and franchised rooms, supported by Hilton's
multi-year track record of increasing the number of rooms in its
system at a high rate, almost entirely through the addition of
managed and franchised rooms.  S&P forecasts Hilton's EBITDA margin
will be around 55% in 2017, which is well above average compared
with other leisure companies.  In 2017, S&P forecasts that Hilton's
exposure to its remaining leased hotel portfolio will be under 10%
of EBITDA and incentive fees will be just under 10% of EBITDA.
These segments are likely to be more volatile, in S&P's view, over
the lodging cycle than the company's base management and franchise
fee segments, which S&P forecasts will comprise more than 80% of
forecasted 2017 EBITDA. The highly cyclical nature of lodging and
the susceptibility of the travel and leisure industry to global
political, security, and financial events partially offset the
strengths.

S&P's base forecast assumptions are:

   -- U.S. GDP increases 2.4% in 2017 and 2.3% in 2018.
   -- Consumer spending grows 2.5% in 2017 and 2.3% in 2018.
   -- S&P 500 operating earnings per share grow about 7% in 2017
      and about 3% in 2018.
   -- Occupancy trends are flat in 2017 as demand grows around 2%,

      approximately in line with S&P's economists' current
      expectation for GDP growth, offset by accelerating supply
      growth around 2% across the industry.  Average daily rate
      should grow between 1% and 3%, as still-record high
      occupancy rates enable lodging operators to sustain pricing
      power.
   -- U.S. revenue per available room (RevPAR) increases 1% to 3%
      in 2017 and in the low-single-digit percent range in 2018.  
      European RevPAR grows in the low-single digits in 2017.
   -- RevPAR on a constant currency basis at Hilton increases in
      the low-single digits through 2018.  Hilton's RevPAR grows
      largely from increases in average daily rate through 2017,
      as occupancy levels are high and S&P expects hotel room
      demand to grow at least as much as supply in most of
      Hilton's markets, especially in the U.S.  Net rooms grow in
      Hilton's portfolio by about 6% in 2017 and 4% in 2017.
      RevPAR and rooms growth result in pro forma franchise and
      management fees (approximately 90% of EBITDA before
      corporate costs) growing in the high-single digits in 2017
      and in the mid-single digits in 2018.

These forecast assumptions result in these credit measures:

   -- Total lease-adjusted debt to EBITDA in the high-3x to 4x
      range in 2017 and in the mid-3x area in 2018.
   -- FFO to adjusted debt around 20% in 2017 and in the low-20%
      area in 2018.
   -- EBITDA coverage of interest expense above 6x through 2018.

Hilton has a strong liquidity profile, based on likely sources and
uses of cash over the next 12 to 18 months, according to S&P's
criteria.  S&P expects sources of liquidity to exceed uses by at
least 1.5x and net sources of liquidity to remain positive, even if
forecasted EBITDA unexpectedly declines by 30%.  The assessment
also incorporates Hilton's compliance with its 7.0x consolidated
first-lien net leverage covenant under its revolver (which applies
when aggregate principal outstanding plus outstanding letters of
credit exceed 25% of the total commitment), even if forecasted
EBITDA unexpectedly declines by 30%.  S&P believes Hilton has
well-established, solid relationships with its lenders and a
generally high standing in credit markets.

Principal Liquidity Sources

   -- Cash flow from operations of more than $1 billion annually
      through 2018.
   -- Unrestricted pro forma cash balances of $1.08 billion as of
      December 2016.
   -- Full availability under the company's $1 billion revolving
      credit facility at year end 2016.

Principal Liquidity Uses

   -- Capital spending of around $200 million in 2017.
   -- About $200 million in dividends in 2017 at $0.15 quarterly
      dividend per common share.
   -- S&P did not assume any acquisitions or divestitures.  
      Meaningful share repurchases connected to the company's
      $1 billion share repurchase authorization.

The positive outlook reflects anticipated EBITDA improvement and
continued deleveraging through 2018, and the possibility Hilton
could improve and sustain adjusted debt to EBITDA below 4x and FFO
to debt above 20% over the highly volatile lodging cycle.

S&P could raise the rating one notch if Hilton can improve and
sustain adjusted debt to EBITDA below 4x and FFO to debt above 20%
over the highly volatile lodging cycle, provided S&P is confident
Hilton's policy goal of its measure of net debt to EBITDA between
3x and 3.5x translates into adjusted leverage measures inside S&P's
upgrade thresholds.

S&P could revise the outlook to stable if it no longer believed
Hilton would improve and sustain adjusted debt to EBITDA below 4x
and FFO to debt above 20%.  S&P could lower the ratings one notch
in the event that Hilton's operating performance significantly
underperforms our expectations and if we believed total adjusted
debt to EBITDA would remain above 5x and FFO to debt below 12%.
While unlikely through 2018, this could occur in the event of an
unexpected global economic downturn that meaningfully impairs
RevPAR and EBITDA.


IMPERIAL METALS: S&P Revises Outlook to Pos. & Affirms 'CCC' CCR
----------------------------------------------------------------
S&P Global Ratings said it revised its outlook on Vancouver-based
Imperial Metals Corp. to positive from negative.  At the same time,
S&P Global Ratings affirmed its 'CCC' long-term corporate credit
rating on the company.

In addition, S&P Global Ratings affirmed its 'CCC-' issue-level
rating on the company's senior unsecured notes.  The recovery
rating on the notes is unchanged at '5', indicating S&P's
expectation for modest (10% to 30%; rounded estimate 25%) recovery
in the event of default.

"The outlook revision reflects our view that Imperial Metals' risk
of default over the next 12 months has declined based on the recent
improvement in the company's liquidity position and expected
increase in its cash flow generation in 2017," said S&P Global
Ratings credit analyst Jarett Bilous.

The company received a C$65 million shareholder equity injection in
December 2016 and recently obtained financial covenant relief under
its senior secured credit facility until Sept. 30, 2017,--support
S&P believes was necessary for the company to avoid a default.  In
S&P's view, the equity injection and expected increase in Imperial
Metals' earnings and cash flows, led by higher copper prices and
production in 2017, reduce liquidity pressure.  S&P now estimates
the company will generate sufficient cash flow to fund its fixed
costs this year, including significant debt and interest servicing
requirements and capital expenditures.

Notwithstanding the above, S&P's rating on the company continues to
incorporate its view of the high risk of a future default Imperial
Metals faces.  Specifically, the company's senior secured credit
facility matures in March 2018 and there is no assurance it will be
extended.  In addition, the financial covenants will return to
pre-amendment levels post third-quarter 2017, before the facility
matures.  As such, in S&P's view, Imperial Metals remains highly
dependent on copper prices and cash costs remaining at least in
line with S&P's expectations this year to remain in compliance with
its covenants and facilitate the renewal of its credit facility.
Although the default risk has declined relative to our previous
view, the scenarios that could lead to a default remain consistent
with those outlined in S&P's criteria for 'CCC' rated issuers.

S&P Global Ratings continues to assess Imperial Metals' business
risk profile as vulnerable primarily due to the company's
relatively small and concentrated asset base.  Imperial Metals is
highly dependent on sustained production from its Red Chris mine,
because its Mount Polley mine (which is higher cost than Red Chris)
is expected to account for only about one-third of revenue.
Although Red Chris is striving to achieve feasibility level
recoveries through installation of a rougher floatation cell and
improve grades as the pit is mined down (the mine experienced lower
grades in 2016 due to higher clay content in the ore at the top of
pit), it remains exposed to potential operating issues.

The positive outlook mainly reflects S&P's view of the company's
improved liquidity position and corresponding reduction in Imperial
Metals' default risk within the next 12 months, following an equity
injection from the company's largest shareholders, temporary
covenant relief, and stronger copper prices.  S&P now expects the
company to generate cash flow above our previous expectations in
2017, sufficient to cover its fixed charges and capital
expenditures.

S&P could raise the ratings if it believes Imperial Metals will
refinance its senior credit facility on or before its maturity, and
not face covenant or liquidity issues in 2017 or 2018.  In this
scenario, copper prices, cash costs, and output are at least in
line with S&P's expectations over the next two years.

S&P could take a negative rating action if the company's liquidity
materially deteriorates due to operating disruptions or
weaker-than-expected commodity prices, or if S&P believes there is
an increased risk of default on Imperial Metals' debt obligations.
In such a scenario, S&P would expect a heightened risk that the
company could breach its financial covenants, not refinance its
senior secured credit facility, or contemplate a distressed
exchange of its unsecured notes.


INTREPID POTASH: Incurs $66.6 Million Net Loss in 2016
------------------------------------------------------
Intrepid Potash, Inc. filed with the U.S. Securities and Exchange
Commission its annual report on Form 10-K disclosing a net loss of
$66.63 million on $210.94 million of sales for the year ended
Dec. 31, 2016, compared to a net loss of $524.77 million on $287.18
million of sales for the year ended Dec. 31, 2015.

For the three months ended Dec. 31, 2016, Intrepid recognized a net
loss of $16.56 million on $42.18 million of sales compared to a net
loss of $518.25 million on $42.81 million of sales for the same
period during the prior year.

"2016 was a transitional year for Intrepid, as we streamlined our
business to focus on lower-cost solar potash and our specialty Trio
product and revised our debt instruments to better support our
current operations," said Intrepid's Executive Chairman, President
and CEO Bob Jornayvaz.  "The improved selling environment for
potash that began towards the end of the third quarter has
continued, as we saw healthy demand and improved pricing during the
fourth quarter."

Jornayvaz continued, "As we look into 2017, we expect to see the
full benefit of recent potash price increases and the margin
benefit of solar potash tons.  We have placed Trio tons in
strategic locations both domestically and abroad and believe we are
well-positioned to capitalize on a strong spring season. Moving
forward, we remain focused on selectively selling potash into
high-margin opportunities, expanding our global presence for Trio,
improving our overall cost profile, and optimizing our asset
portfolio."

As of Dec. 31, 2016, Intrepid had $540.90 million in total assets,
$177.53 million in total liabilities and $363.37 million in total
stockholders' equity.

"Our operations have been and are expected to be primarily funded
from cash on hand and cash generated by operations.  We also have
the ability to borrow under our credit facility, to the extent
available and subject to the limitations described below under the
heading "Credit Facility."  We may use our credit facility as a
source of liquidity for operating activities and to give us
additional flexibility to finance, among other things, capital
investments.  We will continue to monitor our future sources and
uses of cash and anticipate that we will make adjustments to our
capital allocation strategies when, and if, determined by our Board
of Directors.  We expect that cash generated from operations
combined with availability under our credit facility, will be
sufficient to fund our operations in 2017," the Company said in the
report.

In December, Intrepid engaged Cantor Fitzgerald to assist with the
evaluation of various strategic alternatives.  These alternatives,
could include, among others, continuing with Intrepid's current
operating plan, equity offerings or balance sheet restructurings,
merger and acquisition opportunities, partnership or joint venture
opportunities, entering into new or complementary businesses, or a
sale of Intrepid or some or all of its assets.  This evaluation is
ongoing.

Cash and investments as of December 31, 2016, totaled $4.5 million.
During the fourth quarter, Intrepid made an early repayment on its
senior notes totaling $16.2 million, of which $15 million was
applied to the outstanding principal balance.  As of Dec. 31, 2016,
Intrepid had $135 million of senior notes outstanding and there
were no advances outstanding on Intrepid's $35 million asset backed
credit facility with Bank of Montreal.

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

                     https://is.gd/tAgBKN

                       About Intrepid

Intrepid Potash -- http://www.intrepidpotash.com/-- is the only
U.S. producer of muriate of potash and supplied approximately 9% of
the country's annual consumption in 2015.  Potash is applied as an
essential nutrient for healthy crop development, utilized in
several industrial applications and used as an ingredient in animal
feed.  Intrepid also produces a specialty fertilizer, Trio(R),
which delivers three key nutrients, potassium, magnesium, and
sulfate, in a single particle.

Intrepid serves diverse customers in markets where a logistical
advantage exists; and is a leader in the utilization of solar
evaporation production, one of the lowest cost, environmentally
friendly production methods for potash.  After the idling of its
West mine in July 2016, Intrepid's production will come from three
solar solution potash facilities and one conventional underground
Trio(R) mine.


J.P. ALEXOPOULOS: Taps Mitchell A. Sommers as Legal Counsel
-----------------------------------------------------------
J.P. Alexopoulos Enterprises, LLC seeks approval from the U.S.
Bankruptcy Court for the Eastern District of Pennsylvania to hire
legal counsel in connection with its Chapter 11 case.

The Debtor proposes to hire Mitchell A. Sommers, Esquire, P.C. to
give legal advice regarding its duties under the Bankruptcy Code,
assist in the preparation of a bankruptcy plan, represent the
Debtor in claims reconciliation process, and provide other legal
services.

The firm received a retainer from the Debtor in the sum of $10,283,
plus the filing fee of $1717.

Sommers does not have any connection with or any interest adverse
to the Debtor and it creditors, according to court filings.

The firm maintains an office at:

     Mitchell A. Sommers, Esq.
     Mitchell A. Sommers, Esquire, P.C.
     107 West Main Street
     Ephrata, PA 17522
     Tel: (717) 733-6607
     Email: sommersesq@aol.com

               About J.P. Alexopoulos Enterprises

J.P. Alexopoulos Enterprises, LLC sought protection under Chapter
11 of the Bankruptcy Code (Bankr. E. D. Pa. Case No. 17-11344) on
February 27, 2017.  The petition was signed by James Alexopoulos,
member.  The case is assigned to Judge Ashely M. Chan.

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


KOHN FUNERAL: Can Use Cash collateral Until June 1
--------------------------------------------------
The Hon. Laura K. Grandy of the U.S. Bankruptcy Court for the
Southern District of Illinois has entered an agreed order granting
Kohn Funeral Home, LLC's request for authorization to use cash
collateral from Dec. 22, 2016, to June 1, 2017.

The Debtor owes its secured creditors First Community Bank Xenia
Flora and Flora Bank & Trust, at least $653,412.15, which includes
principal, interest, fees and costs.

In consideration of the secured creditor First Community Bank,
Xenia-Flora (Creditor) use of cash collateral by the Debtor, and as
part of the adequate protection for any diminution in the value of
Creditor's interest in the cash collateral, the Debtor grants to
the Creditor a replacement lien upon the Debtor's post-petition
cash collateral to same extent and priority that existed
pre-petition.

The Debtor will make adequate protection payments on the 20th day
of each month in the amount of $4,493.33 starting Feb. 20, 2017,
with a 20 day grace period.  Failure to pay timely or within the
grace period will result in the automatic stay being lifted without
further court order.  The Debtor will further furnish creditor a
monthly cash receipt and disbursements ledger and will maintain
insurance coverage on all of the Creditor's collateral.
The Debtor will provide proof of insurance to the Creditor.  The
Debtor will further provide monthly reports pursuant to the forms
as provided by the U.S. Trustee or as otherwise negotiated between
the parties.

As reported by the Troubled Company Reporter on Feb. 6, 2017, the
Debtor asked the Court for authorization to use cash collateral.
Flora Bank & Trust did not attempt to perfect a lien upon the cash
collateral, and that First Community Bank Xenia Flora attempted to
perfect a lien upon the cash collateral, but that lien may be
avoidable.  

                     About Kohn Funeral Home

Headquartered in Flora, Illinois, Kohn Funeral Home, LLC, formerly
doing business as Byrd & Kohn Funeral Home, LLC, filed for Chapter
11 bankruptcy protection (Bankr. S.D. Ill. Case No. 16-60489) on
Dec. 22, 2016, listing $1.08 million in total assets and $682,542
in total liabilities.  The petition was signed by Jarrod D. Kohn,
member.

Judge Laura K. Grandy presides over the case.  Roy J. Dent, Esq.,
at Orr Law Inc serves as the Debtor's bankruptcy counsel.

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


KRATOS DEFENSE: S&P Revises Outlook to Pos. & Affirms 'B-' CCR
--------------------------------------------------------------
S&P Global Ratings said that it has revised its outlook on
U.S.-based Kratos Defense & Security Solutions Inc. to positive
from negative and affirmed its 'B-' corporate credit rating on the
company.

At the same time, S&P raised its issue-level rating on the
company's senior secured notes to 'B-' from 'CCC+' and revised
S&P's recovery rating on the notes to '4' from '5'.  The '4'
recovery rating indicates S&P's expectation for average recovery
(30%-50%; rounded estimate: 30%) in a default scenario.

"The outlook revision reflects our expectation that Kratos' credit
ratios will improve over the next year due to its lower debt levels
and increasing earnings, although there is some uncertainty in our
forecast due to possible program delays," said S&P Global credit
analyst Isha Bagga.  The company recently sold up to $80 million of
its common stock (if the overallotment option is exercised) and
plans to use most of the proceeds from the sale to reduce its debt.
This follows the company's sale of $76 million of its stock late
last year, the proceeds of which it used to reduce its debt and
provide liquidity to support its new programs. Kratos' earnings
growth will be driven by the likely start of deliveries for two
major unmanned aerial target drone programs later this year, as
well as moderate revenue growth in the company's satellite
communications, training, microwave products, and public security
businesses.  These factors should cause the company's
debt-to-EBITDA to decrease below 6.5x in 2017, which is down from
over 15x as of last year.  Kratos' 2016 results were worse than S&P
had expected due to a $18.7 million loss accrual associated with
the Low-Cost Attritable Unmanned Aerial System (UAS) Strike
Demonstration (LCASD) program, though S&P do not expect this to be
repeated.

The positive outlook on Kratos reflects that the company's likely
debt reduction, combined with S&P's expectation for improving
earnings from its unmanned systems segment, should improve its
credit metrics over the next 12 months.  Specifically, the
reduction of the company's debt and the increase in its earnings
should cause its FFO-to-debt ratio to approach 10% and its
debt-to-EBITDA to fall below 6.5x in 2017, although there is some
uncertainty in S&P's forecast due to the possibility of program
delays.

S&P could raise its rating on Kratos if the company's FFO-to-debt
ratio increases above 10% and its debt-to-EBITDA falls below 6.5x
for a sustained period.  This would likely be caused by increased
earnings from the ramp-up of its new programs and the reduction of
its debt using the proceeds from the recent stock sale.

S&P could revise our outlook on Kratos to stable if its
debt-to-EBITDA remains above 7x and its FFO-to-debt ratio stays
below the mid-single digit percent area as of the end of 2017.
This would likely occur if order delays, a higher-than-expected
level of investment in its unmanned systems programs, or other
operational problems prevent the company's earnings from improving
as S&P expects (or cause them to decline).


LEHMAN BROS: Asks Court To Junk Citibank's Bid For Win in $2BB Suit
-------------------------------------------------------------------
Alex Wolf, writing for Bankruptcy Law360, reports that Lehman Bros.
Holdings Inc. has asked the U.S. Bankruptcy Court for the Southern
District of New York to reject Citibank NA's bid for an early
victory over the Debtor's claims that the Bank has wrongfully
retained $2 billion worth of Lehman funds since its bankruptcy,
saying that money was never intended for setoff purposes.
According to Law360, the attorneys for the Debtor pointed out
purported holes in Citibank's claims that it has the right to
continue holding onto a $2 billion deposit.

                     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.


LIBERAL COMMONS: Has Final OK To Use Cash Collateral Until May 1
----------------------------------------------------------------
The Hon. Robert E. Nugent of the U.S. Bankruptcy Court for the
District of Kansas has entered a final order authorizing Liberal
Commons, LLC, to use the cash collateral of Sayeed Kibria through
May 1, 2017.

The Debtor has provided proof of, and will continuously maintain
throughout the duration of the final court order, adequate
insurance on the fifteen duplexes (30 units) located at 1101-1233
Krause Court, Liberal, Kansas with financially sound and reputable
insurance companies protecting Kibria's interest therein and with
Kibria named as loss payee as and to the extent required by the
lending documents evidencing Kibria's claim.  The Debtor has
delivered a copy of said proof of insurance.

Kibria holds an equity cushion and, therefore, Kibria has been
adequately protected and thus grounds exist to allow Debtor to use
cash collateral.  This finding is without prejudice to further
findings concerning the value of the Debtor's assets.

As additional adequate protection, the Debtor grants Kibria a
replacement lien in post-petition rents, accounts receivable, and
financial accounts and the Court hereby approves the same.

The Debtor is authorized to use the rents, as necessary, to fund
all expenses listed on the attached pro forma cash flows.  The
Debtor will not pay any secured claims using the cash collateral at
this time.  The Debtor is further authorized to pay its counsel
$7,717.00 in order to cover the retainer that the Debtor did not
fund pre-petition, the retainer being utilized only in accordance
with the Bankruptcy Code as may be authorized by the Court.

The Debtor is authorized to continue leasing the property, to
deposit rents into its debtor-in-possession account, and to use the
Rents as designated in the attached pro forma cash flows, subject
to a variance of up to 10% on any given line item in any given
month, for the duration of the court order.  The usage is
authorized in the amounts designated each month, but the Debtor may
move any line item forward or backward by a single month.  The
Debtor will file timely monthly operating reports so that Kibria
may determine whether the funds are being used appropriately.

The Debtor has produced to Kibria a rent roll and copies of
existing lease agreements.
A copy of the final court order and budget is available at:

           http://bankrupt.com/misc/ksb17-10044-41.pdf

                   About Liberal Commons, LLC

Liberal Commons, LLC, based in Liberal, Kansas, filed a chapter 11
petition (Bankr. D. Kan. Case No. 17-10044) on Jan. 16, 2017.  The
petition was signed by Ernest Wilkie, managing member.  The Debtor
is represented by David P. Eron, Esq., at Eron Law, P.A.  The
Debtor estimated assets at $500,001 to $1 million and liabilities
at $100,001 to $500,000 at the time of the filing.


LIFE PARTNERS: Court Denies Bid to Sanction Goodman & Nekvasil
--------------------------------------------------------------
Rick Archer, writing for Bankruptcy Law360, reports that the Hon.
Russell F. Nelms of the U.S. Bankruptcy Court for the Northern
District of Texas denied on Feb. 27 a request by class action
plaintiffs in an adversary case in the Life Partners Holdings
Chapter 11 to disqualify and sanction Goodman & Nekvasil PA because
the firm sent out solicitation letters to Life Partners investors
and allegedly lied to the court about it.

Law360 recalls that Judge Nelms approved in May 2016 a $1 billion
settlement to resolve class action litigation alleging that
thousands of investors were fooled into buying life insurance
investments.

                  About Life Partners Holdings

Headquartered in Waco, Texas, Life Partners Holdings, Inc. --
http://www.lphi.com/-- is the parent company engaged in the    
secondary market for life insurance, commonly called "life
settlements."  Since its incorporation in 1991, Life Partners,
Inc., has completed over 162,000 transactions for its worldwide
client base of over 30,000 high net worth individuals and
institutions in connection with the purchase of over 6,500
policies totaling over $3.2 billion in face value.

LPHI is a publicly traded company incorporated in Texas and its
common stock has been delisted from the NASDAQ (formerly trading
under the symbol LPHI).

Life Partners Holdings sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. N.D. Tex. Case No. 15-40289) on Jan. 20,
2015.

The case is assigned to Judge Russell F. Nelms.  J. Robert
Forshey, Esq., at Forshey & Prostok, LLP, serves as counsel to the
Debtor.

LPHI disclosed $2,406,137 in assets and $52,722,308 in liabilities
as of the Chapter 11 filing.

The official committee of unsecured creditors formed in the case
tapped Munsch Hardt Kopf & Harr, P.C., as counsel.

Tracy A. Bolt of BDO USA, LLP was named as examiner for the
Debtor's case.  At the behest of the U.S. Securities and Exchange
Commission, the U.S. Trustee, and the Creditors Committee, the
Court ordered the appointment of a Chapter 11 trustee.  On March
13, 2015, H. Thomas Moran II was appointed as Chapter 11 trustee
in LPHI's case.  The trustee is represented by Thompson & Knight
LLP.

The Chapter 11 trustee signed Chapter 11 bankruptcy petitions for
LPHI's subsidiaries on May 19, 2015: Life Partners Inc. (Case No.
15-41995) and LPI Financial Services, Inc. (Case No. 15-41996).

Life Partners is estimated to have $100 million to $500 million in
assets and more than $1 billion in debt.  LPI Financial estimated
less than $50,000.


LIFE PARTNERS: DOJ Objects to Chapter 11 Trustee's $28M Bill
------------------------------------------------------------
Katy Stech, writing for The Wall Street Journal Pro Bankruptcy,
reported that officials of the U.S. Department of Justice are
protesting the $28 million bill submitted by H. Thomas Moran II,
who guided Life Partners Inc. through chapter 11 bankruptcy.

According to the report, in court papers, officials said Mr.
Moran's compensation agreement entitled him to be paid up to $300
an hour for protecting investments for Life Partners' roughly
22,000 customers.  Using that rate, his compensation should be
$1,338,900 instead, the officials said in an objection in U.S.
Bankruptcy Court in Fort Worth, Texas, the report related.

Mr. Moran took over Life Partners' operations in Waco, Texas, after
the life-settlements firm's parent company filed for bankruptcy in
January 2015, the report further related.  He ultimately came up
with a plan that enabled Life Partners customers to either cancel
or keep their investments in about 3,400 life insurance policies
worth a total of $2.4 billion, the report said.

Mr. Moran and his team spent thousands of hours speaking with
customers, many of whom are older and have little expertise in the
life-settlement industry, the report added.  U.S. Bankruptcy Court
Judge Russell Nelms said in June that the Life Partners bankruptcy
was "probably the most difficult case that I've worked on in my
entire life," the report said.

In January, Mr. Moran submitted a bill for more than 4,460 hours
worked, proposing to be paid over time from policies that were
abandoned before Life Partners' parent company filed for bankruptcy
protection, the report added.

The Troubled Company Reporter, citing Bankruptcy Law360, previously
reported that Thompson & Knight LLP fought against the U.S.
Trustee's objection
to the Firm's bid for $25.3 million in fees and expenses as lead
counsel to Life Partners Holdings Inc.'s Chapter 11 trustee, H.
Thomas Moran II.

Law360 recalls that the Firm asked the Texas federal court in
January to approve the compensation it is seeking.  The Firm,
according to Law360, said it has already agreed to cuts of its
fee.


                  About Life Partners Holdings

Headquartered in Waco, Texas, Life Partners Holdings, Inc. --
http://www.lphi.com/-- is the parent company engaged in the     
secondary market for life insurance, commonly called "life
settlements."  Since its incorporation in 1991, Life Partners,
Inc., has completed over 162,000 transactions for its worldwide
client base of over 30,000 high net worth individuals and
institutions in connection with the purchase of over 6,500
policies totaling over $3.2 billion in face value.

LPHI is a publicly traded company incorporated in Texas and its
common stock has been delisted from the NASDAQ (formerly trading
under the symbol LPHI).

Life Partners Holdings sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. N.D. Tex. Case No. 15-40289) on Jan. 20,
2015.

The case is assigned to Judge Russell F. Nelms.  J. Robert
Forshey, Esq., at Forshey & Prostok, LLP, serves as counsel to the
Debtor.

LPHI disclosed $2,406,137 in assets and $52,722,308 in liabilities
as of the Chapter 11 filing.

The official committee of unsecured creditors formed in the case
tapped Munsch Hardt Kopf & Harr, P.C., as counsel.

Tracy A. Bolt of BDO USA, LLP was named as examiner for the
Debtor's case.  At the behest of the U.S. Securities and Exchange
Commission, the U.S. Trustee, and the Creditors Committee, the
Court ordered the appointment of a Chapter 11 trustee.  On March
13, 2015, H. Thomas Moran II was appointed as Chapter 11 trustee
in LPHI's case.  The trustee is represented by Thompson & Knight
LLP.

The Chapter 11 trustee signed Chapter 11 bankruptcy petitions for
LPHI's subsidiaries on May 19, 2015: Life Partners Inc. (Case No.
15-41995) and LPI Financial Services, Inc. (Case No. 15-41996).


LILY ROBOTICS: Aims to Secure Stalking Horse Bid For IP Asset
-------------------------------------------------------------
Vince Sullivan, writing for Bankruptcy Law360, Lily Robotics Inc.
will move forward with a plan to secure a stalking horse bid for
its intellectual property to be able to issue refunds to clients
who pre-ordered its drone camera.

Based Atherton, California, Lily Robotics, Inc., 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.

The Debtor filed for Chapter 11 bankruptcy protection (Bankr. D.
Del. Case No. 17-10426) on Feb. 27, 2017, listing $32.99 million in
total assets as of Dec. 31, 2016, and $37.53 million in total
liabilities as of Dec. 31, 2016.  The petition was signed by
Spencer L. Wells, director.

Judge Kevin J. Carey presides over the case.

Robert J. Dehney, Esq., Andrew R. Remming, Esq., and Marcy J.
McLaughlin, Esq., at Morris, Nichols, Arsht & Tunnell LLP; Laura
Metzger, Esq., and Jennifer Asher, Esq., and Douglas S. Mintz,
Esq., at Orrick Herrington & Sutcliffe LLP serve as the Debtor's
bankruptcy counsel.

Goldin Associates, LLC, is the Debtor's restructuring advisor.

Prime Clerk LLC is the Debtor's claims and noticing agent.


LIMITLESS MOBILE: Proposes Sale Process for Spectrum Assets
-----------------------------------------------------------
Limitless Mobile, LLC, asks the U.S. Bankruptcy Court for the
District of Delaware to authorize the sale and auction procedures
in connection with the sale of wireless licenses ("Spectrum
Assets").

A hearing on the Motion is set for March 20, 2017 at 1:00 p.m.  The
proposed objection deadline is March 15, 2017 at 4:00 p.m.

The Debtor, successor to Keystone Wireless, LLC, was formed in 2013
with a mission to construct a broadband network and provide
wireless telecommunications services to nine rural and underserved
counties of Central Pennsylvania.  To that end, the Debtor has
built a $40,000,000 state of the art 3G/4G LTE network that has
increased access to reliable, high quality mobile phone and home
internet services in rural areas.  This network and infrastructure
makes it an attractive partner for providing wholesale services to
national carriers.

As part of the build out of its network and infrastructure, the
Debtor obtained certain PCS licenses issued by the Federal
Communications Commission ("FCC Licenses") for rural areas of
Pennsylvania.  Due to increased costs and delays in the build out
of its network, which repeatedly extended the required runway to
profitability, the Debtor determined prior to the Petition Date
that it could not sustain its current business model without
significant infusions of additional capital, which it could not
attract due to its excessive debt structure.

Thus, the Debtor determined that it is needed to reorganize by
reducing and restructuring its debt, scaling back its retail
efforts, and focusing its attention on the wholesale opportunities
that its infrastructure also enables.  As part of these efforts,
the Debtor has identified those FCC Licenses that are necessary for
its more limited retail services and its growing wholesale
business.

The remainder of the FCC Licenses, the Spectrum Assets, are no
longer necessary for the Debtor's operations.  Nevertheless, as the
number of PCS licenses issued by the FCC are limited for any given
region, the Spectrum Assets have considerable value to third
parties who are looking for capacity in the regions they cover.

To maximize the value of the Spectrum Assets to its bankruptcy
estate, the Debtor seeks authority to sell, assign, transfer,
convey and deliver to the Successful Bidder all of its right,
title, and interest in the Spectrum Assets, subject to any
necessary approvals required by the FCC.  To facilitate the
marketing of the Spectrum Assets for sale, the Debtor has sought
approval from the Court to retain MVP Capital, LLC as its
investment banker.

Subject to the terms of a negotiated license purchase agreement,
the Spectrum Assets will be sold and transferred (subject to
approval by the FCC) to the Successful Bidder free and clear of all
existing liens, claims, and encumbrances for a sum that is
determined to be the highest or otherwise best bid.  The Spectrum
Assets are being sold "as is, where is" with no representations of
any kind.  The Spectrum Assets (consisting of eight FCC Licenses)
may be sold in their entirety, in lots or separately in the
discretion of the Debtor in conjunction with its advisors.

After the approval of the sale of the Spectrum Assets to the
Successful Bidder or Bidders, each Successful bidder will need to
submit an appropriate application with the FCC requesting its
consent to the assignment of the Spectrum Assets by the Debtor to
the Successful Bidder.  Any sale of the Spectrum Assets is subject
to such approval by the FCC.

The Debtor, in the exercise of its sound business judgment, has
determined to sell the Spectrum Assets and believes that an open
sale process will achieve a fair market price and maximize value to
its various creditor constituencies.  In furtherance of this
objective, the Spectrum Assets will be subject to a marketing
effort and only the highest or otherwise best qualified offer
submitted by a Successful Bidder.  Accordingly, the Debtor seeks
the Court's approval of the proposed Bid Procedures.

The salient terms of the Bid Procedures are:

          a. Assets to Be Sold: The Debtor is offering the Spectrum
Assets, consisting of eight FCC licenses for certain regions in
central Pennsylvania, for sale.  The Spectrum Assets may be offered
for sale at the Auction in their entirety, in lots or separately in
the discretion of the Debtor in conjunction with its advisors.

          b. Bid Deadline: March 31, 2017 at 5:00 p.m. (PET)

          c. Good Faith Deposit:  An amount equal to 5% of the
total proposed purchase price.

          d. Proposed Agreement: The Proposed Agreement must
provide that if the Qualified Bidder becomes the Successful Bidder,
then upon approval of the Proposed Agreement by the Court at the
Sale Hearing, the Successful Bidder will deposit with the Debtor an
additional Good Faith Deposit equal to 5% of the Successful Bid
amount.

          e. Stalking Horse Bid: The Debtor reserves the right to
designate a Qualified Bidder as a "Stalking Horse Bidder" with
certain bidding protections to the Stalking Horse Bidder, including
breakup fees and expense reimbursements, subject to higher or
otherwise better offers, as approved by an order of the Court after
notice and a hearing.

          f. "As Is, Where Is": The sale of the Spectrum Assets
will be on an "as is, where is" basis and without representations
or warranties of any kind, nature, or description by the Debtor,
its agents or estate, except to the extent set forth in the
Proposed Agreement of the Successful Bidder.

          g. Auction: The Debtor will conduct an Auction at the
offices of Dilworth Paxson LLP, 1500 Market Street, Suite 3500E,
Philadelphia, Pennsylvania on April 11, 2017 at 11:00 a.m. (PET).

          h. Sale Hearing: April 25, 2017 at 2:00 p.m.

          i. Back up Bid: Following the entry of the Sale Order
approving the Sale, if the Successful Bidder fails to consummate an
approved sale because of a breach or failure to perform on the part
of such Successful Bidder, the next highest or otherwise best
Qualified Bid(s), will be deemed to be the
Successful Bid(s) and the Debtor will be authorized to effectuate
such sale without further order of the Bankruptcy Court.

A copy of the Bidding Procedures attached to the Motion is
available for free at:

        http://bankrupt.com/misc/Limitless_Border_242_Sales.pdf

The Debtor believes that establishing the procedures described for
bidding on the Spectrum Assets will allow it to promptly review,
analyze and compare all bids received and determine if a bid or
bids are in the best interests of its bankruptcy estate.  The
Debtor proposes that within two business days after the conclusion
of the Auction, it will file with Court a supplement outlining the
identity of the Successful Bidder or Successful Bidders of the
Spectrum Assets and the purchase price therefore.

The Debtor submits that the decision to sell the Spectrum Assets is
based upon its sound business judgment and should be approved.  The
Spectrum Assets are no longer necessary for the Debtor's
operations, due to its decision to reduce its retail operations.
The only value the Spectrum Assets have to the Debtor or its
bankruptcy estate is through a sale.  Accordingly, the Debtor asks
the Court to approve the proposed sale and Bid Procedures.

The Debtor asks that the Court waive the 14 day stay set forth in
Bankruptcy Rule 6004(h).

                      About Limitless Mobile

Limitless Mobile, LLC, successor to Keystone Wireless, LLC, is a
Delaware corporation formed in 2013 with a mission to construct a
broadband network and provide wireless telecommunications services
to 9 rural and underserved counties of central Pennsylvania.  The
company has built a $40,000,000 state-of-the-art 3G/4G LTE network
that has increased access to reliable, high quality mobile phone
and home internet services in rural areas.

As part of its restructuring strategy, the company has determined
it is necessary to downsize its retail operations.  To that end,
it
has decided to close 5 out of its 6 retail locations, and focus
its
marketing efforts on the wholesale of wireless telecommunications
services to nationwide service providers who do not have
established infrastructure in central Pennsylvania.  As part of
the
strategy, its suspended wireless service provided to retail
customers on Jan. 7, 2016.

Limitless Mobile, LLC, filed a Chapter 11 bankruptcy petition
(Bankr. D. Del. Case No. 16-12685) on Dec. 2, 2016.  Dilworth
Paxson, LLP, serves as counsel to the Debtor.  In its petition, the
Debtor estimated $10 million to $50,000 million in assets and $50
million to $100 million in liabilities.  The petition was signed by
Amir
Rajwany, chief operating officer.


LOVE GRACE: Court Treats Feb. 22 Hearing as Interim Hearing
-----------------------------------------------------------
In the case captioned IN RE: LOVE GRACE HOLDINGS, INC., DEBTOR,
CASE NO. 17-100057 (Bankr. M.D. La.), Judge Douglas D. Dodd of the
United States Bankruptcy Court for the Middle District of Louisiana
issued a memorandum to record following the telephone conference
which was held on February 17, 2017, to discuss the proposed orders
on the debtor's cash collateral and post-petition financing
motions.

Because of a death in the family, counsel for the debtor only
submitted proposed orders for the January 27, 2017 hearings on
February 16, 2017.  Accordingly, Judge Dodd concluded that parties
in interest would receive inadequate notice of the interim orders'
provisions and the date of the final hearings.  

By agreement of debtor's counsel, to resolve the issues Judge Dodd
treated the February 22, 2017 hearing as a further interim hearing,
and at that hearing rescheduled a final hearing on the two
motions.

A full-text copy of Judge Dodd's February 18, 2017 memorandum is
available at:

          http://bankrupt.com/misc/lamb17-10057-74.pdf

                   About Love Grace Holdings

Love Grace Holdings, Inc., doing business as Apricot Lane and Blu
Spero Boutique, operates a series of retail clothing outlets in
malls.  The locations are in Florida, Alabama, Louisiana and
Mississippi.

Love Grace Holdings filed a chapter 11 petition (Bankr. M.D. La.
Case No. 17-10057) on Jan. 20, 2017.  The petition was signed by
Arthur A. Lancaster, Jr., president and sole shareholder.  The case
is assigned to Judge Douglas D. Dodd.  The Debtor estimated assets
and liabilities at $1 million to $10 million.

The Debtor is represented by Greta M. Brouphy, Esq., and Douglas S.
Draper, Esq., at Heller, Draper, Patrick, Horn & Dabney, LLC.

On February 6, 2017, the U.S. trustee for Region 5 appointed an
official committee of unsecured creditors.  No trustee or examiner
has been appointed or designated in the case.


LSB INDUSTRIES: Posts $64.8-Mil. Net Income in 2016
---------------------------------------------------
LSB Industries, Inc., filed with the Securities and Exchange
Commission its annual report on Form 10-K disclosing net income
attributable to shareholders of $64.76 million on 374.6 million of
net sales for the year ended Dec. 31, 2016, compared with a net
loss of $38.038 million on $437.7 million of net sales for the
quarter ended Dec. 31, 2015.

As of Dec. 31, 2016, LSB Industries, Inc. had $1.270 billion in
total assets, $777.9 total assets in total liabilities, and $492.5
of total stockholders' equity.

In general, for 2016, LSB's agricultural sales were lower,
influenced by lower selling prices for ammonia, UAN and HDAN,
partially offset by higher sales volume from improved on-stream
rates at their facilities in 2016.  Industrial products sales and
mining sales both decreased due primarily to lower selling prices
partially offset by higher overall sales volumes.  In addition,
other products, which includes their natural gas working interest,
decreased as natural gas sales prices and volumes declined in 2016
compared to 2015.

LSB Industries pursues a strategy of balancing the sale of product
as fertilizer into the agriculture markets at spot prices and
developing industrial and mining customers that purchase
substantial quantities of products, primarily under contractual
obligations and/or pricing arrangements that provide for the pass
through of raw material and other manufacturing costs.  They
believe that this product and market diversification strategy
allows them to have consistent levels of production and helps
mitigate the volatility risk inherent in the prices of their raw
material feedstocks and/or the changes in demand for their
products.  For 2016, approximately 54% of their sales were to the
industrial and mining markets and approximately 44% of their sales
were to the agricultural markets, primarily at the market price at
the time of sale.

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

                       https://is.gd/x2T9Wv

                       About LSB Industries

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.

                         *    *    *

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.


MABVAX THERAPEUTICS: CohnReznick LLP Raises Going Concern Doubt
---------------------------------------------------------------
MabVax Therapeutics Holdings, Inc., filed with the U.S. Securities
and Exchange Commission its annual report on Form 10-K, disclosing
a net loss of $17.66 million on $148,054 of total revenues for the
year ended December 31, 2016, compared to a net loss of $18.10
million on $1.27 million of total revenues for the year ended
December 31, 2015.

CohnReznick LLP notes that the Company has incurred recurring
operating losses and is dependent on additional financing to fund
operations.  These conditions raise substantial doubt about the
Company's ability to continue as a going concern.

The Company's balance sheet at December 31, 2016, showed $12.02
million in total assets, $8.68 million in total liabilities, and a
total stockholders' equity of $3.34 billion.

A copy of the Company's Form 10-K Report is available at:

                  https://is.gd/Bbwwqb

MabVax Therapeutics Holdings, Inc., is a clinical-stage
biopharmaceutical company focused on discovering and developing
innovative monoclonal antibody-based therapeutics and vaccines for
the diagnosis and treatment of cancer.



MAGNA CLEANERS: Taps Green as Accountant
----------------------------------------
Magna Cleaners, Inc., seeks authority from the U.S. Bankruptcy
Court for the Eastern District of Pennsylvania to employ Michael
Green as accountant to the Debtors.

Magna Cleaners requires Green to pay monthly bills, file necessary
tax returns, monthly operating reports, and to prepare and file any
other necessary reports.

Green will be paid at these hourly rates:

     Michael Green               $190
     Staff Assistant             $60

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

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

Green can be reached at:

     Michael Green
     2906 William Penn Highway, Suite 207
     Easton, PA
     Tel: (610) 250-0862

              About Magna Cleaners, Inc.

Magna Cleaners, Inc., filed a Chapter 11 bankruptcy petition
(Bankr. E.D. Pa. Case No. 17-11316) on February 24, 2017,
disclosing under $1 million in both assets and liabilities. The
Debtor is represented by Andrew J. Shaw, Esq., at Goodman Schwartz
& Shaw LLC.


MASCO CORP: Moody's Hikes CFR to Ba1 on Expected Profit Growth
--------------------------------------------------------------
Moody's Investors Service upgraded Masco Corporation's Corporate
Family Rating to Ba1 from Ba2 and Probability of Default Rating to
Ba1-PD from Ba2-PD based on Moody's expectations that Masco's
operating performance will continue to get better, yielding key
debt credit metrics potentially supportive of an investment grade
rating while maintaining its robust liquidity profile. In related
rating actions, Moody's upgraded Masco's senior unsecured notes to
Ba1 from Ba2. The Speculative Grade Liquidity Rating of SGL-1 is
affirmed. The rating outlook is changed to stable from positive.

The following ratings/assessments were affected by this action:

Corporate Family Rating upgraded to Ba1 from Ba2;

Probability of Default Rating upgraded to Ba1-PD from Ba2-PD;

Senior unsecured notes upgraded to Ba1 (LGD4) from Ba2 (LGD4);

Senior unsecured shelf upgraded to (P) Ba1 from (P) Ba2;

Speculative Grade Liquidity Rating of SGL-1 is affirmed.

RATINGS RATIONALE

The upgrade of Masco's Corporate Family Rating to Ba1 from Ba2
results from Moody's expectations that Masco will continue to grow
operating profits and resulting cash flows due to higher volumes in
primarily in plumbing and paints, and some modest increase in
pricing across all product lines, yielding key debt credit metrics
potentially supportive of an investment grade rating. Over the next
12-18 months, Moody's projects Masco's EBITA margins remaining
around 15%. Moody's now forecasts debt leverage nearing 2.5x by
late 2018 from 2.8x at FYE16 and free cash flow-to-debt near 12.5%
range over the same time period (all ratios incorporate Moody's
standard adjustments). Despite expending about $900 million for
share repurchases over the past two fiscal years (with an
additional $400-$500 million expected in 2017), Masco maintains a
robust liquidity profile, one of the strongest amongst its rated
peers. At FYE16, Masco had an aggregate $2.0 billion of cash and
short-term investments on hand and revolver availability, a tribute
to the company's ability to generate free cash flow.

Fundamentals for US repair and remodeling activity, from which
Masco derives a great majority of its revenues and resulting
earnings, remain sound. Masco also derives a good portion of its
domestic earnings from the expanding new housing construction
market. Moody's projects total new housing starts could reach 1.25
million in 2017, representing a 7% increase from about 1.17 million
in 2016. Moody's maintains a positive outlook for the domestic home
building industry. Moody's believes the European housing end
market, including both repair and remodeling and new construction,
offers similar industry dynamics and revenue stability as its US
counterpart. Hansgrohe, Masco's 68% owned plumbing company
headquartered in Germany, remains a strong earnings contributor to
the Plumbing Products segment. Hansgrohe accounts for the majority
of Masco's International revenues.

Masco's change in rating outlook to stable from positive reflects
Moody's expectation that while key credit metrics should remain
strong, the company's shareholder-friendly activities challenge
further balance sheet improvements that could support an
investment-grade rating.

Positive ratings momentum could ensue if Masco continues its strong
financial performance, displays its commitment to an
investment-grade rating through steadfast balance sheet management
and prudent financial policies, and demonstrates an ability to
weather the volatility in the US remodeling and housing end
markets, resulting in the following:

-- Adjusted book equity growth into positive territory

-- Adjusted debt leverage remaining below 3.0x throughout the
    cycle

Moody's does not believe that downward rating pressures will occur
over the next 12 to 18 months. However, longer term negative rating
actions could ensue if Masco's operating performance falls below
Moody's expectations resulting in the following metrics (all ratios
incorporate Moody's standard adjustments) or characteristics:

-- Free cash flow-to-debt sustained well below 10%

-- Debt-to-EBITDA above 4.0x

-- Deterioration in the liquidity profile

-- Large debt-financed acquisitions

-- Higher than anticipated levels of share repurchases

The principal methodology used in these ratings was Global
Manufacturing Companies published in July 2014.

Masco Corp., headquartered in Taylor, MI, is one of the largest
North American manufacturers of home improvement and building
products including architectural coatings, plumbing fixtures,
cabinets, windows and doors. North American operations generated
79% of total sales. Revenues for the 12 months through Dec. 31,
2016 totaled about $7.4 billion.


MASTROIANNI BROS: Unsecureds to Recover 20% Under Plan
------------------------------------------------------
Mastroianni Bros., Inc., filed with the U.S. Bankruptcy Court for
the Northern District of New York a disclosure statement dated Feb.
27, 2017, referring to the Debtor's plan of reorganization.

The Debtor estimates that unsecured creditors will receive
approximately 20% of their claims.

Class 5 General Unsecured Creditors will be paid pro rata on the
Effective Date of the Plan from funds remaining after payments to
Class 1, 2, and 3.  The Debtor believes that its general allowed
unsecured claims total approximately $2 million and that it will
have approximately $400,000 net of administrative claims to
distribute to general unsecured creditors.  

The proposed Effective Date of the Plan is June 1, 2017.

The Debtor has ceased operating and has liquidated its assets after
being unable to continue to operate profitably.  Secured creditors
have been paid in full prior to the bankruptcy filing.

The Debtor had $588,191.05 in its debtor-in-possession account as
of Jan. 31, 2017, therefore will have sufficient funds to make
payment on the Effective Date of the Plan.  There are current
invoices for maintenance and management pending which will lower
the amount available for distribution.

The Disclosure Statement is available at:

            http://bankrupt.com/misc/nynb16-11536-1-76.pdf

                    About Mastroianni Bros.

Mastroianni Bros., Inc., doing business as Mastroianni Bakery,
sought Chapter 11 protection (Bankr. N.D.N.Y. Case No. 16-11536) on
Aug. 25, 2016.  The Debtor estimated assets and liabilities in the
range of $500,001 to $1,000,000.  The Debtor tapped Richard L.
Weisz, Esq., at Hodgson Russ LLP as counsel.  The petition was
signed by Nathaniel Daffner, director.


MCCLATCHY CO: OKs $2.05M 2017 Retention Bonuses to Executives
-------------------------------------------------------------
The Compensation Committee of the Board of Directors of The
McClatchy Company approved the 2017 Senior Executive Retention Plan
to incentivize certain senior executive officers including some of
the named executive officers for their continued dedicated service
during the recent transition of the Company's leadership. Under the
Retention Plan, Participants who continuously remain employees of
the Company or a subsidiary of the Company during the period
beginning on the Effective Date through and including Jan. 25,
2018, will be eligible to receive 50% of their applicable cash
award, and if through and including July 25, 2018, the remaining
50% of their applicable cash award.

In addition, the Committee approved a special grant of retention
restricted stock units, which will vest in full on Jan. 25, 2019,
provided that the Participants remain employees of the Company or a
subsidiary of the Company on that date.  The special grant of the
Retention RSUs will be made under the Company's amended and
restated 2012 Omnibus Incentive Plan, and as such remains subject
to approval of the 2012 Omnibus Plan by the Board of Directors at
its next meeting and by the Company's shareholders at the Company's
upcoming Annual Meeting of Shareholders.

The Committee will administer the Retention Program and determine
whether the criteria for Retention Awards have been satisfied.



The Retention Program does not apply to the chief executive officer
of the Company.  These executive officers are eligible to receive
Retention Awards in the following amounts:
                               
                                                   Restricted      
  
Participants/Title                Cash Award      Stock Units
------------------                ----------      -----------
Mark Zieman                         $675,000         10,000  
Vice President, Operations

Elaine Lintecum                     $475,000          7,500
Vice President, Finance and
Chief Financial Officer

Christian Hendricks                 $465,000          5,000
Vice President, Products,
Marketing and Innovation

Billie McConkey                     $440,000          7,500
Vice President, Human Resources,
General Counsel and Secretary

If the conditions set forth in the Retention Plan are met, the cash
portion of the Retention Awards will be payable, less applicable
withholding tax, to the Participant entitled to such payment as
soon as reasonably practicable following the applicable Vesting
Date and the Committee's certification that the Participant has
become entitled to the payment; provided, further, that in no event
will payment of the cash portion of the Retention Award be delayed
to a date later than March 15th of the calendar year following the
calendar year in which the Vesting Date occurs. In order to receive
the cash portion of the Retention Award, a Participant must remain
employed by the Company or a subsidiary of the Company through the
applicable Vesting Date, but the cash portion of the Retention
Award will be paid earlier if the Participant's employment is
terminated due to (i) death, (ii) disability (as defined in the
Retention Plan), or (iii)(A) an involuntary termination without
"cause" or resignation for "good reason" (each as defined by the
Retention Plan), provided the Participant (B) executes, delivers
and does not revoke a waiver and release agreement within 45 days
of the termination date.

In order to receive the Retention RSU portion of the Retention
Award, a Participant must remain employed by the Company or a
subsidiary of the Company through Jan. 25, 2019, but the Retention
RSU portion of the Retention Award will vest earlier (i) if the
Participant's employment is terminated due to (A) death, (B)
disability (as defined in the 2012 Omnibus Plan), or (C) an
involuntary termination without "cause" or resignation for "good
reason" (each as defined in the applicable award agreement), or
(ii) upon a change in control (as defined in the 2012 Omnibus Plan)
in which outstanding awards are not assumed or substituted for
while the Participant remains employed by the Company or a
subsidiary of the Company.

                  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.


MCK MILLENNIUM: Wants to Enter Lease Agreement with GSI
-------------------------------------------------------
Judge Jack B. Schmetterer of the U.S. Bankruptcy Court for the
Northern District of Illinois will convene a hearing on March 24,
2017, at 10:30 a.m. to consider MCK Millennium Centre Retail, LLC's
lease agreement with GSI Cafe, LLC; and the release of the current
lessee of the property, Eggsperience of Chicago, Inc.

The Debtor is in the business of operating condominium retail space
located at 33 W. Ontario Street, Chicago, IL 60654 ("Retail
Parcel") and as such ordinarily and necessarily enters into leases
granting tenants spaces and rights that affect the property for
periods in excess of five years.  Although entering into such
leases upon negotiated terms and conditions are generally in the
ordinary course of its business, out of an abundance of caution and
for the clear protection of the rights of its tenant, the Debtor
presents the Motion.

The Debtor has entered into a certain lease, subject to the
approval of the Court, leasing specific space located at 33 West
Ohio Street, Chicago, Illinois within the Retail Parcel which
consists of approximately 6,580 square feet at a market rental.
The term of the lease is for five years after the lease
Commencement Date and further grants certain options to renew.  The
lease provides for an initial monthly rent payment of $33,997, an
increase of $964 over the amount paid by the current tenant, and
increases to $38,932 in the fourth year.  The general terms of the
lease are on a triple net basis.  The definition of any of the
lease terms will control to the extent that anything contained in
the Motion is inconsistent with provisions of the Lease.

The Lease pertains to the space currently occupied by Eggsperience
of Chicago, Inc. ("EOC"), operating as the Eggsperience restaurant.
GSI is taking over the operations of this and other Eggsperience
restaurants.  The Debtor has had recurring issues with EOC as a
tenant, including obtaining an order for possession in a
pre-bankruptcy proceeding.  EOC was allowed to remain in possession
pursuant to a certain settlement agreement, but the Debtor
continued to have problems with timely payment of the rent by EOC
during the pendency of this bankruptcy case.  GSI has agreed to an
increase in the rent while simultaneously reducing the square
footage leased so that the Debtor can lease this subdivided space
to the condominium association.  In addition, this new lease is
guaranteed by the Eduardo Greco, on information and belief the
owner of GSI.

In furtherance of this agreement, the Debtor has agreed to release
EOC from unassessed late fees and collection expenses in exchange
for EOC surrendering possession of the premises to GSI and allowing
the Debtor to retain the $26,000 EOC security deposit.  As
additional consideration for this release, GSI paid EOC's
outstanding base rent obligations through December 2016.

A copy of the Lease Agreement and the Release Agreement attached to
the Motion is available for free at:

       http://bankrupt.com/misc/MCK_Millennium_196_Sales.pdf

It is the Debtor's considered business opinion that the Lease is
highly beneficial to the future operation and value of the Debtor's
real property and benefits its estate and its creditors, including
its secured creditors, and that the release of the current lessee
in furtherance of entering into the new Lease with increased rent
provides a benefit far in excess of any unassessed liabilities
under the current lease.

The Debtor asks the Court to enter an order authorizing the Debtor
to execute the Lease with GSI and release EOC from its current
lease.

            About MCK Millennium Centre Retail LLC

MCK Millennium Centre Realty, LLC, filed for Chapter 11 protection
(Bankr. N.D. Ill. Case No. 16-06369) on Feb. 25, 2016, and
disclosed $16.2 million in assets and $9.50 million in liabilities
as of the Petition Date. The Debtor is represented by Jonathan D.
Golding, Esq., and Richard N. Golding, Esq., at The Golding Law
Offices, P.C. The Debtor hired Kraft Law Office as its special
real
estate counsel.

Lender MLMT 2005 MKB2 Millennium CentreRetail LLC is represented
by
Leslie A. Bayles, Esq., and Donald A. Cole, Esq., at Bryan Cave
LLP.


MERRIMACK PHARMACEUTICALS: Incurs $153.5 Million Net Loss in 2016
-----------------------------------------------------------------
Merrimack Pharmaceuticals, Inc., filed with the Securities and
Exchange Commission its annual report on Form 10-K disclosing
a net loss of $153.51 million on $144.27 million of total revenues
for the year ended Dec. 31, 2016, compared to a net loss of $147.78
million on $89.25 million of total revenues for the year ended Dec.
31, 2015.

For the three months ended Dec. 31, 2016, Merrimack recognized a
net loss of $33.62 million on $61.24 million of total revenues
compared to a net loss of $48.06 million on $21.41 million of total
revenues for the same period a year ago.

As of Dec. 31, 2016, Merrimack had $81.48 million in total assets,
$334.14 million in total liabilities and a total stockholders'
deficit of $251.12 million.

Key Recent Events

  * As announced on Jan. 8, 2017, Merrimack entered into an asset
    purchase and sale agreement with Ipsen S.A. under which
    Merrimack will sell ONIVYDE and its generic version of
    doxorubicin hydrochloride (HCI) liposome injection to Ipsen
    for up to $1.025 billion, plus up to $33.0 million in net
    milestone payments retained by Merrimack pursuant to
    Merrimack's license and collaboration agreement with Shire.  A
    special meeting of Merrimack's stockholders is scheduled for
    March 30, 2017, to consider and vote on the asset sale.
    Merrimack anticipates completing the asset sale shortly after
    approval of the asset sale at the special meeting.

  * Merrimack also announced on Jan. 8, 2017, the conclusion of a
    comprehensive pipeline review by its Board of Directors, which
    resulted in the identification of the three most promising
    clinical programs to focus its development efforts on going
    forward: MM-121, MM-141 and MM-310.

  * Merrimack appointed Dr. Richard Peters as president and chief
    executive officer, effective Feb. 6, 2017.  Dr. Peters
    succeeded Gary Crocker, Chairman of the Board, who was serving
    as interim president and chief executive officer prior to Dr.
    Peters' appointment.

"This is an exciting and important time for Merrimack as we are
refocusing into an earlier-stage, R&D-focused biopharmaceutical
company," said Dr. Peters.  "The transaction with Ipsen, once
completed, will allow for the immediate return of cash to
stockholders, while also providing Merrimack with an infusion of
capital that we believe will fund our streamlined oncology pipeline
into the second half of 2019.  We are confident that our clinical
stage assets have the potential to benefit cancer patients around
the world and drive Merrimack's long-term success and stockholder
value creation."

Upon the closing of the asset sale, Merrimack will receive a $575.0
million upfront cash payment from Ipsen (subject to a working
capital adjustment as provided in the asset purchase and sale
agreement).  Merrimack expects to use these proceeds to declare and
pay a special cash dividend of at least $200.0 million to
stockholders and use an additional $195.1 million to redeem its
senior secured notes.  Additionally, if the asset sale is
consummated and certain milestones are met with Shire, Merrimack
expects to receive up to an aggregate of $33.0 million in net
milestone payments in 2017.  Merrimack believes that these
potential cash inflows, along with the completion of the headcount
reduction and refocused research and development efforts that were
announced in January 2017, will provide financial resources
sufficient to fund its operations into the second half of 2019.

As of Dec. 31, 2016, the Company had unrestricted cash and cash
equivalents of $21.5 million.  Upon stockholder approval and the
closing of the asset sale with Ipsen, the Company will receive a
$575.0 million upfront cash payment from Ipsen (subject to a
working capital adjustment as provided in the Asset Sale
Agreement).  The Company expects to use these proceeds to declare
and pay a special cash dividend of at least $200.0 million to
stockholders and redeem the $175.0 million outstanding aggregate
principal amount of 2022 Notes, which will require an additional
make-whole premium payment of approximately $20.1 million.
Additionally, if the asset sale is consummated and certain
milestones under the Baxalta Agreement are met, the Company
currently expects to receive up to an aggregate of $33.0 million in
net milestone payments in 2017.  The Company believes these
potential net cash inflows, along with the completion of the
headcount reduction and refocused research and development efforts
that were announced in January 2017, will provide financial
resources sufficient to fund operations into the second half of
2019.

The consummation of the asset sale with Ipsen is contingent upon
approval by the Company's stockholders as well as other customary
closing conditions.

"If the asset sale is not consummated, the Company will not receive
the $575.0 million upfront cash payment from Ipsen, and the Company
will need to obtain additional funding through public or private
debt or equity financings, through existing or new collaboration
arrangements, or through divestitures of its assets. The Company
may not be able to obtain financing on acceptable terms, or at all,
and the Company may not be able to enter into additional
collaborative arrangements.  The ability to obtain additional
financing is not considered probable at this time and could result
in the Company's inability to meet its obligations as they become
due within one year after the date that the consolidated financial
statements are issued.

"Based upon the above evaluation, the Company has concluded that
there is substantial doubt as to its ability to continue as a going
concern within one year after the date that the consolidated
financial statements are issued," the Company stated in the
report.

                   Corporate Restructuring

On Jan. 9, 2017, the Company announced that it will further reduce
headcount in connection with the asset sale and the completion of
its strategic pipeline review.  Upon the closing of the asset sale,
the Company will focus its development efforts on its MM-121,
MM-141 and MM-310 programs.  After the headcount reduction, the
Company expects to have approximately 80 employees.

The Company's Board of Directors committed to this course of action
on Jan. 6, 2017, subject to the closing of the asset sale, which is
contingent upon the closing conditions described above. The
reduction in personnel is expected to be complete upon the later of
the closing of the asset sale and March 10, 2017.  The Company
estimates that, if the asset sale closes, it will incur
approximately $7.5 million to $8.5 million of restructuring
expenses related to one-time employee termination benefits.  These
one-time employee termination benefits are comprised of severance,
benefits and related costs, all of which are expected to result in
cash expenditures.  The specific timing of the incurrence and
payment of these restructuring expenses is dependent upon the
timing of the closing of the asset sale.

                Hiring of Chief Executive Officer

On Jan. 16, 2017, the Company announced the hiring of Richard
Peters, M.D., Ph.D., as the Company's new CEO, effective as of Feb.
6, 2017. Dr. Peters was also elected as a member of the Company's
Board of Directors.

The Company and Dr. Peters entered into an employment agreement
commencing on Feb. 6, 2017, whereby Dr. Peters will receive an
annual base salary of $700,000 and is eligible for an annual bonus
of up to 65% of his base salary.  Dr. Peters also received a
one-time signing bonus of $900,000.  Subject to the further
approval of the Company's Board of Directors, the Company will also
grant Dr. Peters an option to purchase a number of shares of the
Company's common stock equal to the lesser of (i) such number of
shares that has a target grant date fair value of $3.5 million and
(ii) 2.0 million shares, with an exercise price per share equal to
the fair market value of the Company's common stock on the date of
grant.  The option will vest over four years at the rate of 25% on
Feb. 6, 2018, and the remainder in equal quarterly installments
over the following three years.

           Extension of Credit Facility Availability

On Feb. 23, 2017, the Company entered into an amendment to the
Credit Agreement with Pharmakon whereby the availability of the
credit facility was extended through April 27, 2017.  The Company
had not borrowed any amounts under the Credit Agreement as of March
1, 2017.

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

                     https://is.gd/R8oIGP

                       About Merrimack

Cambridge, Mass.-based Merrimack Pharmaceuticals, Inc., a
biopharmaceutical company discovering, developing and preparing to
commercialize innovative medicines consisting of novel
therapeutics paired with companion diagnostics.  The Company's
initial focus is in the field of oncology.  The Company has five
programs in clinical development.  In it most advanced program,
the Company is conducting a pivotal Phase 3 clinical trial.


MESOBLAST LIMITED: Incurs $20 Million Net Loss in Second Quarter
----------------------------------------------------------------
The Board of Directors of Mesoblast Limited has resolved to submit
the following report of Mesoblast Limited and its subsidiaries for
the three and six months ended Dec. 31, 2016, in compliance with
the provisions of the Corporations Act 2001.

For the three months ended Dec. 31, 2016, Mesoblast reported a loss
attributable to owners of $20.05 million on $550,000  compared to a
loss attributable to owners of $22.32 million on $4.01 million of
revenue for the three months ended Dec. 31, 2015.

For the six months ended Dec. 31, 2016, the Company reported a loss
attributable to owners of $39.84 million on $945,000 of revenue
compared to a loss attributable to owners of $35.48 million on
$11.52 million of revenue for the same period a year ago.

As of Dec. 31, 2016, Mesoblast had $660.88 million in total assets,
$150.36 million in total liabilities and $510.51 million in total
equity.

For the year ended June 30, 2017, the Group has committed to
partner one or more of its four key Tier 1 programs resulting in
non-dilutive funding for operations.  This may include MSC-100-IV
for steroid-refractory graft versus host disease and MPC-06-ID for
chronic low back pain, in relation to which the Group has entered
into an agreement with Mallinckrodt Pharmaceuticals in order to
exclusively negotiate a commercial and development partnership.
The Group is also continuing to work on various cost containment
and deferment strategies, including the reprioritization of
projects and operational streamlining.  A fully discretionary
equity facility has been established for up to A$120 million / US
$90 million over 36 months to provide additional funds as required.
The Group may consider issuing new capital to fund future
operational requirements.

"There is uncertainty related to the Group's ability to partner
programs and raise capital at terms to meet the Group's
requirements.  Additionally, there is uncertainty related to the
Group's ability to sustainably implement planned cost reductions
and defer programs on a timely basis while achieving expected
outcomes.

"The continuing viability of the Group and its ability to continue
as a going concern and meet its debts and commitments as they fall
due are dependent upon either entering into an arrangement with a
third party partner on one or more of its four key Tier 1 programs
that would result in non-dilutive funding, and/or raising further
capital, together with various cost containment and deferment
strategies being completed including the reprioritization of
certain projects and operational streamlining.

"Management and the directors believe that the Group will be
successful in the above matters and, accordingly, have prepared the
financial report on a going concern basis, notwithstanding that
there is a material uncertainty that may cast significant doubt on
the Group's ability to continue as a going concern and that it may
be unable to realize its assets and liabilities in the normal
course of business," according to the report.

A full-text copy of the Form 6-K filing is available for free at:

                     https://is.gd/GEyXdz

                      About Mesoblast Ltd.

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

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

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


MISSION NEW ENERGY: Incurs $4.90 Million Net Loss in H2 2016
------------------------------------------------------------
Mission NewEnergy Ltd reported a net loss of $4.90 million on
$5,697 of total revenue for the six months ended Dec. 31, 2016,
compared to a net loss of $1.26 million on $18,233 of total revenue
for the year ended Dec. 31, 2015.

As of Dec. 31, 2016, Mission New Energy had $593,405 in total
assets, $233,238 in total liabilities and $360,167 in total
equity.

The Group realized a net operating loss for the period ended
Dec. 31, 2016, of $4,938,767 and incurred net cash outflows from
operating activities of $831,911.  At 31 December 2016 the Group
had a current asset surplus of $358,137.

"The ability of the Group to continue as a going concern is
dependent on securing additional funding through the issue of
further equity or debt, generating positive cash flows from
existing or new operations, and/or realising cash through the sale
of assets.

"After disposing of its interests in the joint venture, the Group
will have no operations or means of generating operating cash
inflows.

"These conditions indicate a material uncertainty that may cast a
significant doubt about the Group's ability to continue as a going
concern and, therefore, that it may be unable to realise its assets
and discharge its liabilities in the normal course of business.
"Management believe there are sufficient funds to meet the Group's
working capital requirements as at the date of this report, and
that there are reasonable grounds to believe that the Group will
continue as a going concern because of a combination of the
following reasons:

  * raising additional funding through debt and/or equity upon the

    successful Reverse Take Over as disclosed in Note 1;

* generating positive cash flows from new operations upon a
   successful Reverse Take Over.

"Should the Group not be able to continue as a going concern, it
may be required to realise its assets and discharge its liabilities
at amounts that differ from those stated in the financial
statements.  The financial report does not include any adjustment
relating to the recoverability and classification of recorded
assets or liabilities that might be necessary should the entity
note continue as a going concern."

A full-text copy of the Form 6-K report is available for free at:

                       https://is.gd/q8fbXD

                     About Mission NewEnergy

Mission NewEnergy Limited is an Australia-based renewable energy
company.  The Company operates a biodiesel plant in Malaysia.  The
Company's segments include Biodiesel Refining and Corporate.  The
Company owns an interest in a biodiesel refinery in Malaysia, which
has a nameplate capacity of approximately 250,000 tons per year.
The Company's subsidiaries include Mission Biofuels Sdn Bhd and M2
Capital Sdn Bhd.

Mission reported a net loss of A$2.33 million on A$41,960 of total
revenue for the fiscal year ended June 30, 2016, compared with net
income A$28.36 million on A$7.27 million of total revenue for the
fiscal year ended June 30, 2015.

BDO Audit (WA) Pty. Ltd. issued a "going concern" qualification on
the consolidated financial statements for the fiscal year ended
June 30, 2016, stating that the consolidated entity has suffered
recurring losses from operations that raises substantial doubt
about its ability to continue as a going concern.


MRI INTERVENTIONS: Reports $1.68 Million Fourth Quarter Net Loss
----------------------------------------------------------------
MRI Interventions, Inc., announced financial results for the fourth
quarter and full year ended Dec. 31, 2016.

For the three months ended Dec. 31, 2016, MRI reported a net loss
of $1.68 million on $1.63 million of total revenues compared to a
net loss of $1.19 million on $1.51 million of total revenues for
the three months ended Dec. 31, 2015.

MRI reported a net loss of $8.06 million on $5.74 million of total
revenues for the year ended Dec. 31, 2016, compared to a net loss
of $8.44 million on $4.59 million of total revenues for the year
ended Dec. 31, 2015.

As of Dec. 31, 2016, MRI had $7.40 million in total assets, $8.15
million in total liabilities and a total stockholders' deficit of
$756,069.

"We were very pleased with fourth quarter results, as well as our
accomplishments in 2016.  During the last year, we established a
solid foundation for the Company and a platform for continued
growth.  As we drive the adoption of our technology, we continue to
focus on adding new sites, growing procedures, and tightly managing
expenses," said Frank Grillo, president and CEO of MRI
Interventions.  "Real time intra-operative MRI guidance is a
significant advance in neurosurgery, and we are proud to be the
leader in this field.  The milestones we achieved include:

2016 Key Accomplishments:

   * Increased 2016 revenue by 25% over 2015, with a 36% increase
     in disposable products;

   * Grew 2016 ClearPoint procedure volume 32% over 2015, and
     completed more than 500 procedures for the first time in a
     calendar year;

   * Solidified our installed base of major academic medical
     centers and leading hospitals, ending 2016 with 47 accounts;

   * Increased 2016 gross margin to 59%, with further leverage
     available as we grow the volume of procedures;

   * Improved our balance sheet through reduction of debt and
     accumulated interest of almost $4.5 million; and

   * Advanced our drug delivery strategy, including sale of our
     SmartFlow cannulas to six companies for use in pharmaceutical

     and biotech trials.

Fourth Quarter 2016 Key Accomplishments

  * Increased fourth quarter 2016 disposable product revenue by
    35% over the same period in 2015;

  * Set new Company records for quarterly revenue, disposable
    product revenue and ClearPoint procedures, which reached 130
    in the fourth quarter of 2016; and

  * Tightly managed cash, resulting in a net cash burn of $1.1
    million in the fourth quarter of 2016, our lowest quarterly  
   burn rate since becoming a commercially focused company.

"2017 will be an exciting year for the Company and our technology,"
Grillo continued.  "Revenues are up, expenses are down, and
adoption of the ClearPoint Neuro Navigation System continues to
expand."

       Financial Results – Year Ended December 31, 2016

ClearPoint disposable product sales for the year ended Dec. 31,
2016, were $4.8 million, compared with $3.5 million for the year
ended Dec. 31, 2015, representing an increase of $1.3 million, or
36%.  This increase was due primarily to a greater number of
procedures in 2016, which, as previously reported, exceeded 500
procedures for the first time in the Company's history, using the
ClearPoint Neuro Navigation System.

ClearPoint reusable product sales in 2016 were $831,000, compared
with $907,000 in 2015.  Reusable products consist primarily of
computer hardware and software bearing sales prices that are
appreciably higher than those for disposable products and sales
volume has historically fluctuated from period to period.

Total revenues were $5.7 million in 2016, and $4.6 million in 2015,
an increase of $1.2 million, or 25%.

Gross margin on product revenues in 2016 was 53%, compared to gross
margin of 55% in 2015.  The decrease in gross margin was due
primarily to: (a) product mix differences between 2015 and 2016 in
the equipment configuration of hardware and software in ClearPoint
systems sold during those respective periods; (b) an increase from
2015 to 2016 in charges to the provision for obsolete and expired
product; and (c) an increase in 2016, relative to 2015, in the
allocation of indirect labor to production activities, commensurate
with the Company's transition from research and development to
commercial activities.  These factors were partially offset by
increases in 2016, relative to 2015, in average unit selling
prices, and decreases in 2016, relative to 2015, in average unit
costs due to more favorable pricing from vendors resulting from
higher order quantities.

Research and development costs were $2.6 million in 2016, compared
to $2.0 million in 2015, an increase of $671,000, or 34%. The
increase was due primarily to increases in: (a) costs related to
the Company's development of the next generation of the ClearPoint
operating system; (b) intellectual property costs; (c) professional
fees and consultants; and (d) personnel costs. Partially offsetting
these factors was an increase in departmental costs allocated to
production activities.

Selling, general and administrative expenses were $8.0 million in
2016, compared with $8.4 million in 2015, a decrease of $403,000,
or 5%.  The decrease was primarily attributable to: (a) a decrease
in personnel costs; (b) an increase in the allocation of
departmental resources to production activities; (c) a decrease in
medical device excise taxes, suspended by federal legislation for a
two-year period beginning Jan. 1, 2016; and (d) a decrease in
non-personnel related marketing expenses.  Partially offsetting
these factors were increases in public company costs and
professional fees.  With respect to professional fees, in August
2016, the Company elected to suspend efforts then underway to sell
equity units through a public offering and instead commenced a
private placement of equity units that was completed in September
2016.  Upon suspension of those public offering efforts, the
Company capitalized certain related legal and other costs,
amounting to $459,000, in anticipation of resuming public offering
efforts within an estimated six-month time frame.  In December
2016, the Company determined that a future public offering it might
consider was not likely to be commenced within this six-month time
frame, and accordingly, in the fourth quarter of 2016, the Company
recorded a charge of $459,000 to general and administrative
expense.

In March 2015, the Company announced the consolidation of all major
business functions into its Irvine, California headquarters. In
connection with this consolidation, the Company closed its Memphis,
Tennessee office in May 2015, and did not retain any of its
Memphis-based employees.  A total of seven employees were impacted
by the consolidation, including three executives.  As a result, the
Company incurred expense of $1.3 million primarily related to
termination costs, including the modifications of option terms, in
2015.

In 2016 and 2015, the Company recorded gains of $1.1 million and
$1.5 million, respectively, resulting from changes in the fair
value of derivative liabilities.  In 2016, such derivative
liabilities related to: (a) the issuance of warrants in connection
with 2012 and 2013 private placement transactions; and (b)
amendments, in June and August 2016, of certain notes to add
contingent conversion terms and potential down round pricing
protection of warrants issued in connection with such notes.  In
2015, derivative liabilities were limited to the issuance of
warrants in connection with the 2012 and 2013 private placement
transactions.

In April 2016, the Company entered into a securities purchase
agreement with Brainlab AG under which a note payable to Brainlab
in the principal amount of $4.3 million was restructured and, among
other items, the Company: (i) entered into a patent and technology
license agreement with Brainlab for software relating to the
Company's SmartFrame device, in consideration for the cancellation
of $1.0 million of the principal amount of the Brainlab Note; and
(ii) issued to Brainlab, in consideration for the cancellation of
approximately $1.3 million of the principal amount of the Brainlab
Note, equity units, consisting of shares of the Company's common
stock and warrants to purchase shares of common stock.  As a result
of the foregoing, the Company recorded a debt restructuring gain of
$941,000 representing the difference between (a) the aggregate fair
value of the license agreement, which had no cost basis on the
Company's consolidated balance sheets, and the equity units, and
(b) the aggregate principal amount of the Brainlab Note cancelled
as consideration.

On June 30, 2016, the Company entered into amendments with
Brainlab, with respect to the Brainlab Note, and with two holders
of secured notes payable we executed in 2014.  Pursuant to the
Amendments, the parties agreed that, in the event the Company
closes a qualified public offering: (i) $2,000,000 of the principal
balance of those notes, plus all unpaid accrued interest on that
amount, will automatically convert into the security offered in the
qualified public offering; and (ii) the exercise price for 46,207
shares of common stock underlying warrants issued in connection
with those notes will be reduced as provided in the Amendments.
Based on the provisions of the Amendments, on June 30, 2016, the
Company recorded a non-cash loss of $820,000 resulting from the
restructuring of the Brainlab Note and those 2014 Secured Notes.

On Aug. 31, 2016, the Company entered into second amendments with
the two holders of the 2014 Secured Notes that provided, in the
event the Company closes a private equity offering, for: (a) the
conversion to equity of an aggregate of $1.75 million of principal
based on the private offering price; and (b) a reduction in the
exercise price for shares of common stock that may be purchased
upon exercise of warrants issued in connection with the issuance of
such notes based the private offering's terms for warrant exercise
pricing.  Execution of the second amendments constituted a debt
extinguishment under generally accepted accounting principles,
necessitating the Company to record a non-cash loss on debt
restructuring of approximately $933,000, representing the aggregate
difference in the fair value of the derivative liabilities between
the points in time (i) immediately preceding, and (ii) immediately
subsequent to, the execution of the second amendments.

     Financial Results – Quarter Ended December 31, 2016

ClearPoint disposable product sales for the three months ended Dec.
31, 2016, were $1.4 million, compared with $1.0 million for the
same period in 2015, representing an increase of $354,000, or 35%.
This increase was due primarily to a greater number of procedures
performed using the ClearPoint Neuro Navigation System in the
fourth quarter of 2016, relative to the same period in 2015.

ClearPoint reusable product sales for the three months ended
Dec. 31, 2016, were $224,000, and $438,000 for the same period in
2015.

Total revenues were $1.6 million for the three months ended
Dec. 31, 2016, and $1.5 million for the same period in 2015, an
increase of $124,000, or 8%.
  
Gross margin on product revenues was 59% for the three months ended
Dec. 31, 2016, compared to 57% for the same period in 2015. The
improvement was attributable primarily to: (a) a greater portion in
the fourth quarter of 2016, compared to the same period in 2015, of
revenues represented by ClearPoint disposable products, which
generally have higher gross margins relative to ClearPoint reusable
products; and (b) a decrease in the fourth quarter of 2016,
relative to the same period in 2015, in average unit costs due to
more favorable pricing from vendors resulting from higher order
quantities; partially offset by (c) an increase in charges to the
provision for obsolete and expired product.

Research and development costs of $530,000 for the three months
ended Dec. 31, 2016, were substantially unchanged from $523,000 for
the same period in 2015.  Decreases in the fourth quarter of 2016,
relative to the same period in 2015, in personnel costs and
third-party testing costs, were offset by increases in intellectual
property costs and consulting expenses.

Selling, general and administrative expenses were $2.2 million for
the three months ended Dec. 31, 2016, compared to $1.8 million in
the same period in 2015, an increase of $457,000, or 21%. This
increase was due primarily to the Company's decision, in December
2016, to write off the previously capitalized public offering
costs, amounting to $459,000.

During the three months ended Dec. 31, 2016, and 2015, the Company
recorded gains of $318,000 and $559,000, respectively, from changes
in the fair value of derivative liabilities.

                    Reverse Stock Split

As previously announced, on July 21, 2016, the Company's Board of
Directors approved a 1-for-40 reverse stock split of its issued
common stock, which was effectuated on July 26, 2016.  All
disclosure of common shares and per share data in the accompanying
condensed consolidated financial statements have been adjusted
retroactively to reflect the reverse stock split for all periods
presented.

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

                      https://is.gd/IiACw3

                    About MRI Interventions

Based in Irvine, Calif., MRI Interventions, Inc., is a medical
device company.  The Company develops and commercializes platforms
for performing minimally invasive surgical procedures in the brain
and heart under direct, intra-procedural magnetic resonance imaging
(MRI) guidance.  It has two product platforms: ClearPoint system,
which is used to perform minimally invasive surgical procedures in
the brain and ClearTrace system, which is under development, to be
used to perform minimally invasive surgical procedures in the
heart.

Cherry Bekaert LLP, in Charlotte, North Carolina, issued a "going
concern" qualification on the consolidated financial statements for
the year ended Dec. 31, 2015, citing that the Company incurred net
losses during the years ended Dec. 31, 2015, and 2014 of
approximately $8.4 million and $4.5 million, respectively.
Additionally, the stockholders' deficit at December 31, 2015 was
approximately $2 million.  These conditions raise substantial doubt
about the Company's ability to continue as a going concern.


MUSSI REALTY: Special Counsel Not Entitled to Pre-Appointment Fees
------------------------------------------------------------------
In the case captioned IN RE: MUSSI REALTY, LLC, DEBTOR, BANKRUPTCY
NO.: 4-15-bk-01441-JJT (Bankr. M.D. Pa.), Judge John J. Thomas of
the United States Bankruptcy Court for the Middle District of
Pennsylvania denied the portion of McQuaide Blasko, Inc.'s fee
application requesting fees and costs incurred for that period
prior to the filing of special counsel's application for
appointment.

On November 19, 2015, Mussi Realty, LLC, filed an application
requesting the appointment of the law firm of McQuaide Blasko,
Inc., and Cristin R. Long, Esq., to represent Mussi in the sale of
estate assets, namely, a restaurant consisting of real property
located in State College, Pennsylvania, together with certain
personal property used in the operation of the restaurant in the
form of equipment, furnishings, machinery, and liquor license owned
by a nondebtor, Piedmont Food Company.

By Order dated November 30, 2015, the Court granted the Mussi's
application to approve the appointment of the law firm of McQuaide
Blasko, Inc.  The effort to sell the restaurant free and clear of
liens was initiated by adversary Complaint at docket
4-15-ap-00194-JJT, which sale was reported to the Court as taking
place on May 11, 2016.

On October 31, 2016, McQuaide Blasko, Inc., filed its first and
final application for allowance of compensation and expenses.

The Court completed a review of the services provided in the
application and determined that much of the services performed by
counsel were completed prior to the date that counsel filed its
application for appointment.

By Order dated December 2, 2016, the Court, after review of the
application, granted that portion of the application requesting
fees and costs which were rendered and incurred by the applicant
after the date of the filing of the application for appointment.

Judge Thomas, however, denied the portion of the fee application
requesting fees and costs incurred for that period prior to the
filing of special counsel's application for appointment.  The judge
found that the numerous contacts over several months between
Mussi's counsel and special counsel simply undermine the argument
that Mussi's counsel and special counsel can make that time
constraints weighed so heavily on the performance of their duties
involving the sale of estate assets therefore creating such an
extraordinary circumstance that they could not file a request for
appointment early on in performance of their duties for the estate.
Additionally, the judge found that any misunderstanding as to who
was responsible for filing the application for appointment could
have been addressed by experienced bankruptcy counsel and special
counsel during one of these numerous contacts as reflected on the
fee application.

A full-text copy of Judge Thomas' February 24, 2017 memorandum is
available at:

       http://bankrupt.com/misc/pamb15-bk-01441-138.pdf

                    About Mussi Realty

Mussi Realty, LLC, based in State College, PA filed a Chapter 11
petition (Bankr. M.D. Pa. Case No. 15-01441) on April 8, 2015.  The
Hon. John J Thomas presides over the case.  Donald M Hahn, Esq. at
Stover McLaughlin Gerace et al, served as bankruptcy counsel.

In its petition, the Debtor estimated $2.8 million in assets and
$3.18 million in liabilities.  The petition was signed by Lynda L.
Mussi, president.


NAVIENT CORP: S&P Rates $750MM Sr. Unsecured Notes Due 2022 'B+'
----------------------------------------------------------------
S&P Global Ratings said it assigned its 'B+' debt rating on Navient
Corp.'s $750 million senior unsecured notes due in 2022. The debt
rating is one notch below the 'BB-' long-term issuer credit rating
because Navient's tangible unencumbered assets are less than its
outstanding unsecured debt.  S&P excludes from unencumbered assets
the company's overcollateralization balances associated with its
asset-backed securities trusts.  Navient's intended use of proceeds
are for general corporate purchases, including debt repurchases.

RATINGS LIST

Navient Corp.
Issuer Credit Rating           BB-/Negative/B

New Rating

Navient Corp.
Senior Unsecured
  $750 mil notes due 2022       B+


NAVISTAR INTERNATIONAL: Appoints 2 Volkswagen Director Designates
-----------------------------------------------------------------
As previously disclosed in the Current Report on Form 8-K of
Navistar International Corporation filed on Sept. 6, 2016, the
Stockholder Agreement, dated as of Sept. 5, 2016, by and among the
Company and Volkswagen Truck & Bus GmbH, provides for the
appointment of two individuals designated by VW T&B to the
Company's Board of Directors, subject to the approval of the
Company.

Pursuant to the Stockholder Agreement, the Company appointed
Andreas Renschler and Matthias Grundler, the Investor Nominees, to
fill the vacancies created by the retirement of Michael N. Hammes
and James H. Keyes, effective as of Feb. 28, 2017.  Mr. Renschler
was appointed a member of the Board's Compensation Committee and
the Nominating and Governance Committee and Mr. Grundler was
appointed a member of the Board's Finance Committee.

As a director of the Company, each of Messrs. Renschler and
Grundler will receive compensation as a non-employee director in
accordance with the Company's non-employee director compensation
practices described in the Company's Annual Proxy Statement filed
with the Securities and Exchange Commission on Dec. 21, 2016.  This
compensation generally consists of an annual retainer in the amount
of $120,000 ($20,000 which is to be paid in the form of restricted
stock) and an annual stock option grant of 5,000 options.  The
initial cash and stock award to be received by each of Messrs.
Renschler and Gründler will be pro-rated accordingly.

Also in connection with Messrs. Renschler and Grundler's
appointment, the Board ratified several related person
transactions.  The Company and its subsidiaries have historically
had a series of commercial relationships with VW T&B and its
affiliates, and the parties expect to enter into future
transactions.  The total aggregate value of these transactions
amounted to approximately $113 million during fiscal year 2016 and
is estimated to amount to approximately $119 million in fiscal year
2017.  As of Feb. 28, 2017, VW T&B holds a 16.6% stake in the
Company and is therefore a related person under the Company's
Policy and Procedures with Respect to Related Person Transactions.
Messrs. Renschler and Gründler, as the Chief Executive Officer and
Chief Financial Officer, respectively, of VW T&B, are each a
related person under the Policy and are deemed to have an indirect
material interest in the transactions of VW T&B's by virtue of
their positions as officers of VW T&B.  For each related person
transaction, the Board's Audit Committee and the Board considered
the relevant factors and the Board, upon the recommendation of the
Board’s Audit Committee, ratified the transaction on the basis
that the relationship was in the best interest of the Company. Such
approved transactions are related person transactions under Item
404(a) of Regulation S-K and include, without limitation, purchases
and sales of goods and services, payments of royalties, and a
sourcing joint venture.

                   About Navistar International

Navistar International Corporation (NYSE: NAV) --
http://www.navistar.com/-- is a holding company whose subsidiaries
and affiliates subsidiaries produce International(R) brand
commercial and military trucks, MaxxForce(R) brand diesel
engines, IC Bus(TM) brand school and commercial buses, Monaco RV
brands of recreational vehicles, and Workhorse(R) brand chassis
for motor homes and step vans.  It also is a private-label designer
and manufacturer of diesel engines for the pickup truck,
van and SUV markets.  The Company also provides truck and diesel
engine parts and service.  Another affiliate offers financing
services.

Navistar reported a net loss attributable to the Company of $97
million on $8.11 billion of net sales and revenues for the year
ended Oct. 31, 2016, compared with a net loss attributable to the
Company of $184 million on $10.14 billion of net sales and revenues
for the year ended Oct. 31, 2015.

As of Oct. 31, 2016, Navistar had $5.65 billion in total assets,
$10.94 billion in total liabilities and a total stockholders'
deficit of $5.29 billion.

                          *     *     *

Navistar carries as 'B3 'Corporate Family Rating (CFR) and stable
outlook from Moody's.  Moody's said in January 2017 that Navistar's
ratings reflects the continuing challenges the company faces in
re-establishing its competitive position and profitability in the
North American medium and heavy truck markets.

Navistar carries a 'CCC' Issuer Default Ratings from Fitch Ratings.
Fitch said in January 2017 that the ratings for NAV, Navistar,
Inc., and NFC remain on Rating Watch Positive pending completion of
a strategic alliance between NAV and Volkswagen Truck & Bus GmbH
(VW T&B).   The Positive Rating Watch reflects Fitch's expectation
that under terms contemplated for the alliance, NAV would realize
cost synergies, improved liquidity, and strategic opportunities
over the next several years that would support its competitiveness
and operating performance.

As reported by the TCR on March 3, 2017, S&P Global Ratings said
that it raised its corporate credit ratings on Navistar
International Corp. and its subsidiary Navistar Financial Corp. to
'B-' from 'CCC+'.  The outlook is stable.  The upgrade follows
Navistar's strategic alliance with Volkswagen Truck & Bus, which
includes Volkswagen Truck & Bus' 16.6% equity stake in Navistar,
definitive agreements for the two companies to collaborate on
technology, and the formation of a procurement JV.


NAVISTAR INTERNATIONAL: Carl Icahn Reports 16.6% Equity Stake
-------------------------------------------------------------
In an amended Schedule 13D filed with the Securities and Exchange
Commission, Carl C. Icahn, et al., disclosed that they may be
deemed to beneficially own, in the aggregate, 16,272,524 shares of
common stock of Navistar International Corporation as of Feb. 28,
2017, representing approximately 16.61% of the Company's
outstanding Shares (based upon: (i) the 81,710,420 Shares stated to
be outstanding as of Dec. 19, 2016 in the Issuer's Proxy Statement
on Schedule 14A filed with the SEC on Dec. 21, 2016; plus (ii) the
16,242,012 Shares issued by the Company to Volkswagen Truck & Bus
GmbH on Feb. 28, 2017).  A full-text copy of the regulatory filing
is available at https://is.gd/D1v4fp

                    About Navistar International

Navistar International Corporation (NYSE: NAV) --
http://www.navistar.com/-- is a holding company whose subsidiaries
and affiliates subsidiaries produce International(R) brand
commercial and military trucks, MaxxForce(R) brand diesel
engines, IC Bus(TM) brand school and commercial buses, Monaco RV
brands of recreational vehicles, and Workhorse(R) brand chassis
for motor homes and step vans.  It also is a private-label designer
and manufacturer of diesel engines for the pickup truck,
van and SUV markets.  The Company also provides truck and diesel
engine parts and service.  Another affiliate offers financing
services.

Navistar reported a net loss attributable to the Company of $97
million on $8.11 billion of net sales and revenues for the year
ended Oct. 31, 2016, compared with a net loss attributable to the
Company of $184 million on $10.14 billion of net sales and revenues
for the year ended Oct. 31, 2015.

As of Oct. 31, 2016, Navistar had $5.65 billion in total assets,
$10.94 billion in total liabilities and a total stockholders'
deficit of $5.29 billion.

                          *     *     *

Navistar carries as 'B3 'Corporate Family Rating (CFR) and stable
outlook from Moody's.  Moody's said in January 2017 that Navistar's
ratings reflects the continuing challenges the company faces in
re-establishing its competitive position and profitability in the
North American medium and heavy truck markets.

Navistar carries a 'CCC' Issuer Default Ratings from Fitch Ratings.
Fitch said in January 2017 that the ratings for NAV, Navistar,
Inc., and NFC remain on Rating Watch Positive pending completion of
a strategic alliance between NAV and Volkswagen Truck & Bus GmbH
(VW T&B).   The Positive Rating Watch reflects Fitch's expectation
that under terms contemplated for the alliance, NAV would realize
cost synergies, improved liquidity, and strategic opportunities
over the next several years that would support its competitiveness
and operating performance.

As reported by the TCR on March 3, 2017, S&P Global Ratings said
that it raised its corporate credit ratings on Navistar
International Corp. and its subsidiary Navistar Financial Corp. to
'B-' from 'CCC+'.  The outlook is stable.  The upgrade follows
Navistar's strategic alliance with Volkswagen Truck & Bus, which
includes Volkswagen Truck & Bus' 16.6% equity stake in Navistar,
definitive agreements for the two companies to collaborate on
technology, and the formation of a procurement JV.


NAVISTAR INTERNATIONAL: Closes Strategic Alliance with Volkswagen
-----------------------------------------------------------------
Navistar International Corporation announced the closing of its
wide-ranging strategic alliance with Volkswagen Truck & Bus, which
includes an equity investment in Navistar by Volkswagen Truck & Bus
and framework agreements for a procurement joint venture and
strategic technology and supply collaboration.  The closing of the
alliance follows receipt of all necessary regulatory approvals,
finalization of agreements relating to the procurement joint
venture and the technology and supply collaboration, and
satisfaction of other customary closing conditions.

"This alliance with Volkswagen Truck & Bus marks a significant
milestone in our company's history, and we expect it will create
multiple benefits for both companies in both the near and long
term," said Troy Clarke, chairman, president and CEO, Navistar.
"Now that the transaction has closed, we will move quickly to
collaborate with an industry-leading, strategic partner to increase
our global scale, strengthen our competitiveness, and provide our
customers with expanded access to cutting-edge products, technology
and services."

"The authorities have given our strategic alliance with Navistar
the green light.  Our newly-founded purchasing cooperation will
begin work immediately.  This puts both partners in a stronger
position for the future.  The strategic alliance provides
Volkswagen Truck & Bus with access to the all-important North
American market.  This is a major step toward becoming a global
champion," said Andreas Renschler, CEO of Volkswagen Truck & Bus.

                        Equity Investment

With the closing of the alliance, Volkswagen Truck & Bus acquired
approximately 16.2 million newly issued shares in Navistar,
representing 16.6% of post-transaction undiluted common stock (or
19.9% of pre-transaction outstanding common stock), effective
Feb. 28, 2017.  As a result, Navistar receives $256 million to be
used for general corporate purposes.

As part of the alliance agreement and in line with Volkswagen Truck
& Bus's ownership stake, Mr. Renschler and Matthias Grundler, chief
financial officer of Volkswagen Truck & Bus, are joining Navistar's
board of directors.

"We are excited to welcome Andreas Renschler and Matthias Grundler
to the Navistar Board, and are confident that we will benefit from
their deep industry knowledge and fresh perspectives," said Clarke.
"Their expertise in commercial vehicle production will be
invaluable as we strive to become the North American champion in
our industry."

                     Procurement Joint Venture

Global Truck & Bus Procurement LLC, the procurement joint venture
created by Navistar and Volkswagen Truck & Bus, will start work
effective immediately.  As part of the alliance, it will create new
opportunities for quality improvement and cost reduction, and will
enable both companies to benefit from increased global scope and
scale.  The joint venture is operating out of Navistar's
headquarters in Lisle, Illinois, and comprises representatives from
both companies who will be combining the demand of five brands,
including Volkswagen Truck & Bus's Scania, MAN and Volkswagen
Caminhoes e Onibus, in addition to Navistar's own International and
IC Bus brands.

                      Technology Sharing

The companies' ongoing technology and supply collaboration, which
operates out of Stockholm, Sweden, is intended to facilitate
collaboration on several aspects of commercial vehicle development,
including advanced powertrain technology solutions. Ultimately, it
is expected to optimize research and development spend and expand
the technology options both companies will be able to offer
customers.

Navistar continues to expect significant synergies from both the
strategic technology collaboration and the procurement joint
venture.  As previously announced, Navistar expects the alliance to
be accretive beginning in the first year, and for cumulative
synergies for Navistar to ramp up to at least $500 million over the
first five years.  By year five, it expects the alliance will
generate annual synergies of at least $200 million for Navistar.
This annual run rate is expected to grow materially thereafter as
the companies continue to introduce technologies from the
collaboration.

                   About Andreas Renschler

The Supervisory Board of Volkswagen AG appointed Andreas Renschler
as member of the Board of Management of Volkswagen AG with
responsibility for Commercial Vehicles effective Feb. 1, 2015.

Renschler was born on March 29, 1958 in Stuttgart, Germany.  After
completing his training as a banker (1979) and graduating with
degrees in business engineering (1983) and business administration
(1987), Renschler began his career at Daimler-Benz AG in 1988.
Following various posts at Daimler-Benz AG, he took charge of the M
Class unit, serving as president and CEO of Mercedes-Benz US. He
returned to Germany in 1999 as senior vice president, executive
management development, at the company then known as
DaimlerChrysler AG.  Renschler was appointed president of smart
GmbH in the same year.  He was assigned to Mitsubishi Motors in
Japan in spring 2004 and subsequently named member of the Daimler
AG Board of Management with responsibility for the Daimler Trucks
Division.  He was appointed member of the Daimler AG Board of
Management in charge of Manufacturing and Procurement at
Mercedes-Benz Cars & Mercedes-Benz Vans in 2013.

                About Navistar International

Navistar International Corporation (NYSE: NAV) --
http://www.navistar.com/-- is a holding company whose subsidiaries
and affiliates subsidiaries produce International(R) brand
commercial and military trucks, MaxxForce(R) brand diesel
engines, IC Bus(TM) brand school and commercial buses, Monaco RV
brands of recreational vehicles, and Workhorse(R) brand chassis
for motor homes and step vans.  It also is a private-label designer
and manufacturer of diesel engines for the pickup truck,
van and SUV markets.  The Company also provides truck and diesel
engine parts and service.  Another affiliate offers financing
services.

Navistar reported a net loss attributable to the Company of $97
million on $8.11 billion of net sales and revenues for the year
ended Oct. 31, 2016, compared with a net loss attributable to the
Company of $184 million on $10.14 billion of net sales and revenues
for the year ended Oct. 31, 2015.

As of Oct. 31, 2016, Navistar had $5.65 billion in total assets,
$10.94 billion in total liabilities and a total stockholders'
deficit of $5.29 billion.

                          *     *     *

Navistar carries as 'B3 'Corporate Family Rating (CFR) and stable
outlook from Moody's.  Moody's said in January 2017 that Navistar's
ratings reflects the continuing challenges the company faces in
re-establishing its competitive position and profitability in the
North American medium and heavy truck markets.

Navistar carries a 'CCC' Issuer Default Ratings from Fitch Ratings.
Fitch said in January 2017 that the ratings for NAV, Navistar,
Inc., and NFC remain on Rating Watch Positive pending completion of
a strategic alliance between NAV and Volkswagen Truck & Bus GmbH
(VW T&B).   The Positive Rating Watch reflects Fitch's expectation
that under terms contemplated for the alliance, NAV would realize
cost synergies, improved liquidity, and strategic opportunities
over the next several years that would support its competitiveness
and operating performance.

As reported by the TCR on March 3, 2017, S&P Global Ratings said
that it raised its corporate credit ratings on Navistar
International Corp. and its subsidiary Navistar Financial Corp. to
'B-' from 'CCC+'.  The outlook is stable.  The upgrade follows
Navistar's strategic alliance with Volkswagen Truck & Bus, which
includes Volkswagen Truck & Bus' 16.6% equity stake in Navistar,
definitive agreements for the two companies to collaborate on
technology, and the formation of a procurement JV.


NEW JERSEY: Gov. Plans to Use Lottery for Pension Raises Questions
------------------------------------------------------------------
The American Bankruptcy Institute, citing Michael Catalini of the
Associated Press, reported that Gov. Chris Christie's new proposal
to move New Jersey's lottery revenues to the state's underfunded
pension is being met with interest and skepticism.

According to the report, Gov. Christie unveiled the plan with few
details as part of his $35.5 billion budget -- his last as
governor.  He said it's an effort to shore up the state pension,
which carries billions in unfunded liabilities after years of
underpayment by Democratic and Republican governors and
legislatures, the report related.

Democrats who control the Legislature said they would review the
idea, but also criticized it, the report further related.

The proposal centers on contributing lottery revenues to what Gov.
Christie called eligible pension plans -- the state oversees a
number of funds including teacher, public worker and police and
fire, the report said.  It's unclear which funds would be eligible
and how much of the lotteries revenues would be shifted, the report
added.  Over the last several fiscal years the lottery's proceeds
have topped $900 million, the report said.

Gov. Christie's office said he would be meeting with stakeholders
soon on the idea, but did not offer further details, the report
related.  The governor said the move would please investors and
credit-rating agencies, which have downgraded New Jersey's scores
10 times over seven years, the report further related.  At least
one other state -- Indiana -- uses lottery proceeds toward public
pensions, the report said.  Indiana's lottery dedicates $30 million
to police and fire pensioners and another $30 million to teachers,
the report added.


NORTHERN OIL: Reports Fourth Quarter Net Loss of $12.3 Million
--------------------------------------------------------------
Northern Oil and Gas, Inc. announced 2016 fourth quarter and full
year results.

HIGHLIGHTS

  * Average 90-day initial production rate on Northern's wells
    using enhanced completions increased 47% in 2016 as compared
    to 2015

  * Completed $8.9 million property acquisition in the fourth
    quarter that added 375 barrels of oil per day since the date
    of acquisition

  * Full year 2016 capital expenditures, excluding the fourth
    quarter property acquisition, totaled $75.6 million or a 41.3%

    decrease as compared to 2015

  * Production totaled 1,259,274 barrels of oil equivalent for the
    fourth quarter, averaging 13,688 Boe per day or 2% higher than
    last quarter, despite down-time due to weather during December
  
  * Ended the year with $212.5 million of liquidity, composed of
    $6.5 million in cash and $206.0 million of revolving credit
    facility availability

Northern's adjusted net income for the fourth quarter was $2.4
million, or $0.04 per diluted share.  GAAP net loss for the quarter
was $12.3 million, or a loss of $0.20 per diluted share.  Adjusted
EBITDA for the fourth quarter was $35.1 million.

"Northern performed well in 2016 given the challenging commodity
price environment and was free cash flow positive for the year,"
commented Northern's interim CEO and CFO, Tom Stoelk.  "Northern
has seen significant improvements in well productivity due to the
widespread adoption of enhanced completion techniques and focus of
drilling activity in the core of the play.  At the same time,
average drilling and completion costs have declined, with average
AFE costs of $7.0 million for wells that we elected to participate
in during 2016."

Mr. Stoelk continued, "We remain focused on returns and disciplined
capital allocation, which will position us to return to growth as
development activity increases in the Williston Basin."

Northern expects 2017 total annual production to equal or modestly
exceed 2016 total production.  Northern expects that it will add
approximately 12 net wells to production during the year, based on
a preliminary capital budget of $102.2 million (including acreage
and development capital).  Due to winter weather and the potential
for road restrictions during the spring, completions are expected
to be weighted to the second half of 2017.

At Dec. 31, 2016, Northern had $144 million in outstanding
borrowings under its revolving credit facility, down from $150
million at Dec. 31, 2015.  Northern's borrowing base under the
revolving credit facility was $350 million, providing year-end
liquidity of $212.5 million, composed of $6.5 million in cash and
$206.0 million of revolving credit facility availability.

As of December 31, 2016, Northern controlled 155,016 net acres
targeting the Williston Basin Bakken and Three Forks formations. As
of December 31, 2016, approximately 83% of Northern’s North
Dakota acreage position, and approximately 80% of Northern's total
acreage position, was developed, held by production or held by
operations.

Based on reports prepared by Ryder Scott Company, L.P., Northern's
estimated proved reserves at Dec. 31, 2016, totaled 54.1 million
barrels of oil equivalent (MMBoe).  Approximately 70% of year-end
2016 proved reserves were proved developed reserves and 86% of
year-end 2016 proved reserves were crude oil.  Although year-end
2016 proved reserves were 11.2 MMBoe lower than year-end 2015
proved reserves, this was primarily due to a 15.7 MMBoe decrease
attributable to the lower SEC 2016 price deck compared to the SEC
2015 price deck.  The decrease from the lower price deck was
partially offset by 3.7 MMBoe of favorable performance revisions
and 8.4 MMBoe in discoveries, extensions and other additions. Due
to lower commodity prices and lower capital spending in 2016, the
number of proved undeveloped net well locations included in the
year-end proved reserves was reduced to 32.6 net wells in 2016 due
to the 5-year rule requirements in the SEC regulations applicable
to booking proved undeveloped reserves.  

Northern recorded a net loss of $12.3 million, or a loss of $0.20
per diluted share, for the fourth quarter of 2016, compared to a
net loss of $172.3 million, or a loss of $2.84 per diluted share,
for the fourth quarter of 2015.  The net loss in the fourth quarter
of 2016 was impacted by lower realized commodity prices and
production levels and a non-cash loss on the mark-to-market of
derivative instruments that was partially offset by $1.4 million in
income tax benefit.  The net loss in the fourth quarter of 2015 was
impacted by a $167.1 million impairment charge.

Northern recorded a net loss of $293.5 million, or approximately
$4.80 per diluted share, for 2016, compared to a net loss of $975.4
million, or approximately $16.08 per diluted share, for 2015.  Net
losses in 2016 and 2015 were impacted by the non-cash impairment of
oil and natural gas properties, the valuation allowance placed on
the net deferred tax asset, and a non-cash loss on the
mark-to-market of derivative instruments.

The Company's balance sheet at Dec. 31, 2016, showed $431.53
million in total assets, $918.95 million in total liabilities and a
total stockholders' deficit of $487.42 million.

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

                        https://is.gd/qERN8t

                         About Northern Oil

Northern Oil and Gas, Inc. -- http://www.NorthernOil.com/-- is an  

exploration and production company with a core area of focus in the
Williston Basin Bakken and Three Forks play in North Dakota and
Montana.
  
                            *     *     *

As reported by the TCR on Sept. 1, 2016, S&P Global Ratings lowered
its corporate credit rating on U.S.-based oil and gas E&P company
Northern Oil and Gas Inc. to 'CCC' from 'CCC+'.  The outlook is
negative.  "The downgrade follows the announcement by the company
that it has retained financial advisors Tudor, Pickering, Holt &
Co. to help it review strategic alternatives," said S&P Global
Ratings credit analyst Brian Garcia.  "We believe this increases
the likelihood the company could engage in a transaction we would
view as a distressed exchange, where holders of the company's
unsecured debt could receive less than the promised value," he
added.  As reported by the TCR on March 24, 2016, Moody's Investors
Service downgraded Northern Oil and Gas, Inc's Corporate Family
Rating to Caa2 from B3, Probability of Default Rating to Caa2-PD
from B3-PD, and the ratings on its senior unsecured notes to Caa3
from Caa1.  At the same time, Moody's lowered the Speculative Grade
Liquidity (SGL) rating to SGL-4 from SGL-3.  This concludes the
ratings review commenced on Jan. 21, 2016.  The ratings outlook is
negative.

"Weak oil and natural gas prices will diminish NOG's cash flows in
2017, when it no longer benefits from commodity price hedges,"
stated James Wilkins, a Moody's vice president.  "Leverage will
increase sharply and credit metrics will deteriorate."

Northern Oil carries a 'Caa2' corporate family rating from Moody's
Investors Service.


ONIX CAPITAL: Must Be Put in Hands of Receiver, Court Says
----------------------------------------------------------
Jack Newsham, writing for Bankruptcy Law360, reports that a federal
magistrate judge in Florida recommended that a group of companies
including Onix Capital LLC, which are linked to a Chilean fugitive
that U.S. securities regulators claim bilked investors out of $7.4
million, should have a receiver, but one whose remit is limited to
U.S. assets to avoid conflicts with a Chilean liquidator.

Law360 recalls that the U.S. Securities and Exchange Commission
sued Onix Capital, its owner Alberto Chang-Rajii and seven other
companies in 2016 and sought an asset freeze.

Carlos A. Parada Abate filed on Dec. 2, 2016, Chapter 15 petition
for Miami, Florida-based Onix Capital S.A. (Bankr. S.D. Fla. Case
No. 16-26082).  

Judge Laurel M Isicoff presides over the case.  

Edward H. Davis, Jr., Esq., and Arnoldo B Lacayo, Esq., at
Astigarraga Davis Mullins & Grossman serve as the Petitioner's
counsel.


OPUS MANAGEMENT: Objection to WHI's Claim No. 5 Sustained
---------------------------------------------------------
Judge Neil P. Olack of the United States Bankruptcy Court for the
Southern District of Mississippi sustained the objection of Opus
Management Group Jackson, LLC, to Proof of Claim No. 5 of World
Health Industries, Inc. (WHI).  The judge also denied WHI's motion
to compel assumption or rejection of the Master Settlement &
Release Agreement entered into by WHI, certain affiliated debtors,
and several other parties.

In order to settle a lawsuit in the Chancery Court of Hinds County,
Mississippi prior to the filing of the lead bankruptcy case and the
affiliated bankruptcy cases, WHI, certain affiliated debtors, and
several other parties entered into a Master Settlement & Release
Agreement (MSA) that effectuated a "corporate divorce."  The MSA
outlined the transfer of ownership in various corporate entities
related to WHI.  Additionally, certain "ownership transfer and
related documents" (the "Assignment Agreements") were executed in
connection with the MSA, which transferred and/or assigned
membership or stock interests in various companies to C. Barrett.

Opus Management filed the lead bankruptcy case and the affiliated
bankruptcy cases on February 2, 2016.  WHI filed a POC in the lead
bankruptcy case on May 31, 2016.  In the POC, WHI provided that it
held a claim against "Rx Pro Pharmacy & Compounding, Inc."
("Hallandale") in the amount of $34,500.00 for "money loaned."

Opus Management objected to the POC, arguing that it was filed in
the incorrect case in violation of the Hallandale Consolidation
Order.  WHI argued that it should be permitted to file the POC in
the correct case because it would not be prejudicial to Opus
Management to allow it to do so.

Additionally, WHI filed the Motion to Compel, arguing that the MSA
is an executory contract that the Court should compel Opus
Management to either assume or reject in its entirety.  Opus
Management argued that the MSA is not a contract of Opus Management
and, therefore, it cannot be compelled to assume or reject it.

Judge Olack found that WHI violated the Hallandale Consolidation
Order by filing the POC in the lead bankruptcy case.  The judge
concluded that WHI was apparently aware that it was required to
file proofs of claim in the affiliated bankruptcy cases because it
filed a proof of claim in the McDaniel Pharmacy Bankruptcy Case.

Judge Olack found that WHI failed to properly raise its excusable
neglect argument by burying it in the claim objection response
instead of filing a motion.  Judge Olack also found the informal
proof of claim doctrine inapplicable because WHI filed no documents
in the Hallandale Bankruptcy Case prior to the bar date.  The judge
also noted that WHI has made no effort to file the POC in the
Hallandale Bankruptcy Case in the eight months since the expiration
of the bar date.  The judge declined to allow a late-filed proof of
claim in a case where the creditor violated a Court order by filing
the POC in the incorrect case and did not adhere to the bar date
established by Rule 3003.  Judge Olack therefore held that the
claim objection should be sustained and the POC should be
disallowed.

Judge Olack also found that the Motion to Compel should be denied
because the MSA is not a contract of Opus Management, which is a
threshold requirement of section 365.

The bankruptcy case is IN RE: OPUS MANAGEMENT GROUP JACKSON LLC, ET
AL., DEBTORS, CASE NO. 16-00297-NPO (Bankr. S.D. Miss.).

A full-text copy of Judge Olack's February 27, 2017 memorandum
opinion is available at:

         http://bankrupt.com/misc/mssb16-00297-675.pdf  

                    About Opus Management

Opus Management Group Jackson LLC, et al., sought Chapter 11
protection (Bankr. S.D. Miss. Lead Case No. 16-00297) on Feb. 2,
2016. Opus Management is represented by Thomas M. Hewitt, Esq., at
Butler Snow LLP.


OUTER HARBOR: Court Says Agreement With "K" Line Not Terminated
---------------------------------------------------------------
Judge Laurie Selber Silverstein of the United States Bankruptcy
Court for the District of Delaware found that the contract between
Outer Harbor Terminal, LLC, and Kawasaki Kisen Kaisha, Ltd. ("K"
Line) was not terminated, and that damages may be available to "K"
Line.

Prepetition, Ports America Outer Harbor, Inc. (a previous debtor
moniker) and "K" Line executed a certain Stevedore and Marine
Terminal Services Agreement made as of June 30, 2013.  By the
agreement, "K" Line appointed Outer Harbor as the exclusive
provider of stevedoring and terminal services at the Port of
Oakland to "K" Line's liner services identified in the agreement on
the terms set forth in the agreement.  The agreement commenced on
July 1, 2013 and expired on June 30, 2018.

On January 21, 2016, two days after Ports America, the
self-described largest stevedore and terminal operating group in
the United States, and an indirect parent of Outer Harbor, made its
own press release on transitioning out of the Outer Harbor
Terminal, LLC (OHT) and returning back to the Port of Oakland the
OHT leased property, Outer Harbor communicated its intention to
wind down operations directly to "K" Line America via e-mail.  The
subject line of the e-mail is "Notification of OHT closure."  Outer
Harbor continued to provide services to "K" Line through March 28,
2016 and ceased all marine and terminal operations at the Port of
Oakland on either April 22 or 29, 2016.

When Outer Harbor filed its bankruptcy case, "K" Line timely filed
a proof of claim based on damages stemming from the breach of the
agreement.  Outer Harbor objected to "K" Line's proof of claim,
arguing that it properly terminated the agreement that formed the
basis for the damages asserted in the proof of claim and thus the
proof of claim should be disallowed.

Judge Silverstein held that Outer Harbor did not terminate the
agreement.  First, the judge found that, as the debtor admitted,
"there is no specific document in the record" terminating the
agreement.  Second, the judge also found that nowhere in the press
release or the January 21, 2016 e-mail does Outer Harbor state that
it is terminating the agreement.  Third, the judge explained that
termination under section 7.3(c) of the agreement is not
self-executing, such that while each of the stated events permits a
party to terminate the agreement, the happening of the event does
not automatically terminate the agreement or cause the agreement to
expire by its terms.  Fourth, the judge found that although the
debtor argued that it was permitted to terminate the agreement
without notice, Outer Harbor's witness did not testify that the
debtor did so nor did Outer Harbor's counsel really advance that
argument at the hearing.

A full-text copy of Judge Silverstein's February 21, 2017
memorandum is available at:

          http://bankrupt.com/misc/deb16-10283-547.pdf

                   About Outer Harbor Terminal

Outer Harbor Terminal, LLC -- aka Ports America Outer Terminal,
LLC, PAOH, and PAOHT -- is an Oakland, California-based port
operator.  It is a joint venture between Ports America and Terminal
Investment Ltd.

Outer Harbor is winding down operations.  Ports America is leaving
Oakland to concentrate its investments in other terminals that the
company operates in Tacoma, Los Angeles-Long Beach, New York-New
Jersey and Baltimore.

Oakland, California-based port operator Outer Harbor Terminal, LLC
filed for Chapter 11 protection (Bankr. D. Del. Case No. 16-10283)
on Feb. 1, 2016.  The petition was signed by Heather Stack, chief
financial officer.  The case is assigned to Judge Laurie Selber
Silverstein.

The Debtor disclosed $103 million in assets and $370 million in
debt.

Milbank, Tweed, Hadley & Mccloy LLP is the Debtor's general
counsel.  Mark D. Collins, Esq., at Richards, Layton & Finger,
P.A., serves as its Delaware counsel.  Prime Clerk LLC is the
claims and noticing agent.

The U.S. Trustee for Region 3 has appointed three creditors to
serve in the Debtor’s official committee of unsecured
creditors.

Brinkman Portillo Ronk, APC, and Rosner Law Group LLC represent the
Committee.  of Judge Feeney's February 3, 2017 memorandum is
available at



PACIFIC DRILLING: KPMG LLP Casts Going Concern Doubt
----------------------------------------------------
Pacific Drilling S.A. filed with the U.S. Securities and Exchange
Commission its annual report on Form 20-F, disclosing a net loss of
$37.16 million on $769.47 million of revenues for the year ended
December 31, 2016, compared to a net income of $126.23 million on
$1,085.06 million of revenues for the year ended December 31,
2015.

KPMG LLP issued a "going concern" qualification on the consolidated
financial statements for the fiscal year ended December 31, 2016,
stating that the Company expects to be in violation of certain of
its financial covenants in the next 12 months, which raises
substantial doubt about its ability to continue as a going
concern.

The Company's balance sheet at December 31, 2016, showed $5,998.21
million in total assets, $620.46 million in total current
liabilities, $2,711.55 million in total long-term liabilities, and
a total stockholders' equity of $2,666.20 million.

A copy of the Company's Form 20-F Report is available at:

                  https://is.gd/zeXTvO

                 About Pacific Drilling

Based in Luxembourg, Pacific Drilling S.A. 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.


PARETEUM CORP: Files for $8 Million IPO
---------------------------------------
Pareteum Corporation filed with the U.S. Securities and Exchange
Commission a free writing prospectus relating to the proposed
public offering of common stock of the Company, which were
registered with the SEC on a Registration Statement on Form S-3
(No. 333-213575).  The Registration Statement has been declared
effective by the SEC.  The information contained in the preliminary
prospectus supplement is subject to change prior to the filing of
the final prospectus with the SEC.

The aggregate offering price is $8 million.  Proceeds of the
offering will be used for sales, marketing, product development and
enhancement, as well as debt repayment, capital expenditures, and
general working capital and transaction costs.

Joseph Gunnar & Co. serves as the sole book-runner.

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

                   https://is.gd/CZ2AmE

                    About Pareteum Corp

New York-based Pareteum Corporation (NYSEMKT: TEUM), formerly known
as Elephant Talk Communications, Inc. -- http://www.pareteum.com/
-- is an international provider of business software and services
to the telecommunications and financial services industry.

Elephant Talk reported a net loss of $5.00 million on $31.0 million
of revenues for the year ended Dec. 31, 2015, compared to a net
loss of $21.9 million on $20.4 million of revenues for the year
ended Dec. 31, 2014.

As of Sept. 30, 2016, Pareteum had $15.26 million in total assets,
$21.66 million in total liabilities and a total stockholders'
deficit of $6.40 million.

Squar Milner, LLP, formerly Squar Milner, Peterson, Miranda &
Williamson, LLP, in Los Angeles, California, issued a "going
concern" qualification on the consolidated financial statements for
the year ended Dec. 31, 2015, citing that the Company has suffered
recurring losses from operations, has an accumulated deficit of
$256 million and has negative working capital.  This raises
substantial doubt about the Company's ability to continue as a
going concern, the auditors said.


PIONEER ENERGY: Projects 25%-30% Revenue Production Growth in Q1
----------------------------------------------------------------
From time to time, senior management of Pioneer Energy Services
meets with groups of investors and business analysts.  The Company
prepared slides in connection with management's participation in
those meetings.  The slides provide an update on the Company's
operations and certain recent developments, which among others,
include the following:

Drilling

  * U.S. drilling fleet 100% high-spec and 100% contracted

  * Average drilling margin per day in Colombia exceeded average
    margins in the U.S. in January

Production Services

  * Projecting 25% to 30% revenue growth in Production Services
    Segment in the first quarter of 2017:

      - Well Servicing utilization averaging 45% in February as
        compared to 42% in January and 40% in the fourth quarter
        of 2016

      - Coiled Tubing utilization improving including a pick up in

        2 3/8" and 2 5/8" size coil

      - Wireline marketed fleet up by 10 units from the fourth
        quarter of 2016 and have four new completion-oriented
        units on order

The slides available for free at https://is.gd/0QZwZu

                    About Pioneer Energy

Pioneer Energy Services Corp. provides land-based drilling services
and production services to a diverse group of independent and large
oil and gas exploration and production companies in the United
States and internationally in Colombia.  The Company also provides
two of its services (coiled tubing and wireline services) offshore
in the Gulf of Mexico.

Pioneer Energy reported a net loss of $128.39 million on $277.07
million of total revenues for the year ended Dec. 31, 2016,
compared to a net loss of $155.14 million on $540.77 million of
total revenues for the year ended Dec. 31, 2015.

As of Dec. 31, 2016, Pioneer Energy had $700.10 million in total
assets, $418.70 million in total liabilities and $281.39 million in
total shareholders' equity.

                           *    *    *

As reported by the TCR on March 7, 2016, Moody's Investors Service,
on March 3, 2016, downgraded Pioneer Energy's Corporate Family
Rating (CFR) to 'Caa3' from 'B2', Probability of Default Rating
(PDR) to 'Caa3-PD' from 'B2-PD', and senior unsecured notes to 'Ca'
from 'B3'.

"The rating downgrades were driven by the material deterioration in
Pioneer Energy's credit metrics through 2015 and our expectation of
continued deterioration through 2016.  The demand outlook for
drilling and oilfield services is extremely weak, as witnessed by
the steep and continued drop in the US rig count" said Sreedhar
Kona, Moody's vice president.  "The negative outlook reflects the
deteriorating fundamentals of the services sector and the
likelihood of covenant breaches."

Pioneer Energy carries a "B+" corporate credit rating from Standard
& Poor's Ratings.


PRESTIGE INDUSTRIES: Committee Hires Whiteford as Special Counsel
-----------------------------------------------------------------
The Official Committee of Unsecured Creditors of Prestige
Industries, LLC, seeks authorization from the U.S. Bankruptcy Court
for the District of Delaware to retain Whiteford, Taylor & Preston
LLC as Delaware and conflict counsel to the Committee.

The Committee requires Whiteford to:

   a. provide legal advice regarding local rules, practices, and
      procedures and provide substantive and independent legal
      advice on how to accomplish Committee goals, bearing in
      mind that the Delaware Bankruptcy Court relies on Delaware
      and conflicts counsel such as Whiteford to be involved in
      all aspects of each bankruptcy proceeding;

   b. draft, review, and comment on drafts of documents to ensure
      compliance with local rules, practices, and procedures;

   c. draft, file, and serve documents as requested by
      Lowenstein Sandler LLP, the lead counsel;

   d. prepare certificates of no objection, certifications of
      counsel, and notices of fee applications;

   e. print documents and pleadings for hearings, preparing
      binders of documents and pleadings for hearings;

   f. appear in Court and at any meetings of creditors on behalf
      of the Committee in its capacity as Delaware and conflicts
      counsel with Lowenstein;

   g. monitor the docket for filings and coordinating with
      Lowenstein on pending matters that may need responses;

   h. participate in calls with the Committee;

   i. provide additional support to Lowenstein, as requested; and

   j. serve as lead Committee counsel on any matter relating to
      Medley Capital Corporation, a creditor with which
      Lowenstein has a conflict.

Whiteford will be paid at these hourly rates:

     Thomas J. Francella, Jr., Partner          $585
     Dennis J. Shaffer, Partner                 $550
     Alan C. Lazerow, Associate                 $365
     Christopher Lano, Paralegal                $255

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

In accordance with Appendix B-Guidelines for Reviewing Applications
for Compensation and Reimbursement of Expenses Filed under 11
U.S.C. Sec. 330 for Attorneys in Larger Chapter 11 Cases, the
following is provided in response to the request for additional
information:

   Question:  Did you agree to any variations from, or
              alternatives to, your standard or customary billing
              arrangements for this engagement?

   Response:  No.

   Question:  Do any of the professionals included in this
              engagement vary their rate based on the geographic
              location of the bankruptcy case?

   Response:  No.

   Question:  If you represented the client in the 12 months
              prepetition, disclose your billing rates and
              material financial terms for the prepetition
              engagement, including any adjustments during the 12
              months prepetition. If your billing rates and
              material financial terms have changed postpetition,
              explain the difference and the reasons for the
              difference.

   Response:  Whiteford did not represent the Committee in the 12
              months prepetition. Whiteford has in the past
              represented, currently represents, and may
              represent in the future certain Committee members
              and their affiliates in their capacities as members
              of official committees in other chapter 11 cases or
              individually in matters wholly unrelated to the
              Chapter 11 Case.

   Question:  Has your client approved your prospective budget
              and staffing plan, and, if so for what budget
              period?

   Response:  Whiteford expects to develop a prospective budget
              and staffing plan to reasonably comply with the
              U.S. Trustee's request for information and
              additional disclosures, as to which Whiteford
              reserves all rights. The Committee has approved
              Whiteford's proposed hourly billing rates. The
              Whiteford attorneys and paraprofessionals staffed
              on the Chapter 11 Case, subject to modification
              depending upon further development.

Thomas J. Francella, partner of Whiteford, Taylor & Preston LLC,
assured the Court that the firm is a "disinterested person" as the
term is defined in Section 101(14) of the Bankruptcy Code and (a)
are not creditors, equity security holders or insiders of the
Debtor; (b) have not been, within two years before the date of the
filing of the Debtor's chapter 11 petition, directors, officers or
employees of the Debtor; and (c) do not have an interest materially
adverse to the interest of the estate or of any class of creditors
or equity security holders, by reason of any direct or indirect
relationship to, connection with, or interest in, the Debtor, or
for any other reason.

Whiteford can be reached at:

     Thomas J. Francella, Esq.
     WHITEFORD, TAYLOR & PRESTON LLC
     The Renaissance Centre, Suite 500, 405 N. King Street
     Wilmington, DE 19801
     Tel: (302) 353-4144

              About Prestige Industries, LLC

Prestige Industries LLC, based in North Bergen, New Jersey, filed a
Chapter 11 petition (Bankr. D. Del. Case No. 17-10186) on Jan. 30,
2017. The petition was signed by Jonathan Fung, CEO/CFO. The Debtor
is represented by Peter C. Hughes, Esq., at Dilworth Paxson LLP.
The Debtor engaged SSG Advisors, LLC as its investment banker. The
case is assigned to Judge Kevin Gross. The Debtor estimated assets
and debt at $10 million to $50 million at the time of the filing.

Andrew Vara, acting U.S. trustee for Region 3, on Feb. 10 appointed
five creditors of Prestige Industries LLC to serve on the official
committee of unsecured creditors. The Committee hires Lowenstein
Sandler LLP as counsel, Whiteford, Taylor & Preston LLC as Delaware
and conflict counsel, Province, Inc., as financial advisor.


PRESTIGE INDUSTRIES: Creditors' Panel Hires Lowenstein as Counsel
-----------------------------------------------------------------
The Official Committee of Unsecured Creditors of Prestige
Industries, LLC, seeks authorization from the U.S. Bankruptcy Court
for the District of Delaware to retain Lowenstein Sandler LLP as
counsel to the Committee.

The Committee requires Lowenstein to:

   (a) advise the Committee with respect to its rights, duties,
       and powers in the Chapter 11 Case;

   (b) assist and advise the Committee in its consultations with
       the Debtor relative to the administration of this Chapter
       11 Case;

   (c) assist the Committee in analyzing the claims of the
       Debtor's creditors and the Debtor's capital structure and
       in negotiating with holders of claims and equity interests
       and the Debtor's proposed financing;

   (d) assist the Committee in its investigation of the acts,
       conduct, assets, liabilities, and financial condition of
       the Debtor and of the operation of the Debtor's business;

   (e) assist the Committee in its investigation of the liens and
       claims of the holders of the Debtor's pre-petition debt
       and the prosecution of any claims or causes of action
       revealed by such investigation;

   (f) assist the Committee in its analysis of, and negotiations
       with, the Debtor or any third party concerning matters
       related to, among other things, the assumption or
       rejection of certain leases of nonresidential real
       property and executory contracts, asset dispositions, sale
       of assets, financing of other transactions and the terms
       of one or more plans of reorganization for the Debtor and
       accompanying disclosure statements and related plan
       documents;

   (g) assist and advise the Committee as to its communications
       to unsecured creditors regarding significant matters in
       the Chapter 11 Case;

   (h) represent the Committee at hearings and other proceedings;

   (i) review and analyze applications, orders, statements of
       operations, and schedules filed with the Court and advise
       the Committee as to their propriety;

   (j) assist the Committee in preparing pleadings and
       applications as may be necessary in furtherance of the
       Committee's interests and objectives in the Chapter 11
       Case, including without limitation, the preparation of
       retention papers and fee applications for the Committee's
       professionals, including Lowenstein;

   (k) prepare, on behalf of the Committee, any pleadings,
       including without limitation, motions, memoranda,
       complaints, adversary complaints, objections, or comments
       in connection with any of the foregoing; and

   (l) perform such other legal services as may be required or
       are otherwise deemed to be in the interests of the
       Committee in accordance with the Committee's powers and
       duties as set forth in the Bankruptcy Code, Bankruptcy
       Rules, or other applicable law.

Lowenstein will be paid at these hourly rates:

     Partners                      $575-$1,150
     Senior Counsel/Counsel        $405-$700
     Associates                    $300-$575
     Paralegals/Assistants         $115-$300

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

David M. Banker, partner of Lowenstein Sandler LLP, assured the
Court that the firm is a "disinterested person" as the term is
defined in Section 101(14) of the Bankruptcy Code and (a) are not
creditors, equity security holders or insiders of the Debtor; (b)
have not been, within two years before the date of the filing of
the Debtor's chapter 11 petition, directors, officers or employees
of the Debtor; and (c) do not have an interest materially adverse
to the interest of the estate or of any class of creditors or
equity security holders, by reason of any direct or indirect
relationship to, connection with, or interest in, the Debtor, or
for any other reason.

Lowenstein can be reached at:

     David M. Banker, Esq.
     LOWENSTEIN SANDLER LLP
     1251 Avenue of the Americas
     New York, NY 10020
     Tel: (212) 262-6700
     Fax: (212) 262-7402

              About Prestige Industries, LLC

Prestige Industries LLC, based in North Bergen, New Jersey, filed a
Chapter 11 petition (Bankr. D. Del. Case No. 17-10186) on Jan. 30,
2017. The petition was signed by Jonathan Fung, CEO/CFO. The Debtor
is represented by Peter C. Hughes, Esq., at Dilworth Paxson LLP.
The Debtor engaged SSG Advisors, LLC as its investment banker. The
case is assigned to Judge Kevin Gross. The Debtor estimated assets
and debt at $10 million to $50 million at the time of the filing.

Andrew Vara, acting U.S. trustee for Region 3, on Feb. 10 appointed
five creditors of Prestige Industries LLC to serve on the official
committee of unsecured creditors. The Committee hires Lowenstein
Sandler LLP as counsel, Whiteford, Taylor & Preston LLC as Delaware
and conflict counsel, Province, Inc., as financial advisor.



PROBILITY MEDIA: LBB & Associates Raises Going Concern Doubt
------------------------------------------------------------
Probility Media Corporation filed with the U.S. Securities and
Exchange Commission its annual report on Form 10-K, disclosing a
net loss of $566,783 on $3.09 million of net sales for the fiscal
year ended October 31, 2016, compared to a net loss of $181,594 on
$2.14 million of net sales for the fiscal year ended October 31,
2015.

LBB & Associates, Ltd., LLP, issued a "going concern" qualification
on the consolidated financial statements for the fiscal year ended
October 31, 2016, citing that the Company has suffered recurring
losses from operations that raise substantial doubt about its
ability to continue as a going concern.

The Company's balance sheet at October 31, 2016, showed total
assets of $1.03 million, total liabilities of $2.26 million, and a
stockholders' deficit of $1.23 million.

A full-text copy of the Company's Form 10-K is available at:
                
                   https://is.gd/42yf1q

ProBility Media Corporation, formerly Panther Biotechnology, Inc.,
is a provider of codes, standards, training materials and related
materials in print and electronically to small, medium and large
businesses, government, and non-profit organizations in the United
States.



RAIN CARBON: Moody's Assigns 'B1' CFR & Rates Unsec. Notes 'B1'
---------------------------------------------------------------
Moody's Investors Service assigned first-time ratings to Rain
Carbon Inc., including a Corporate Family Rating (CFR) of B1 and
Probability of Default Rating (PDR) of B1-PD. Moody's also assigned
a B1 rating to the company's proposed senior unsecured notes due
2025, the proceeds of which will be used to repay the existing
senior secured notes of Rain CII Carbon LLC, which is an indirect
wholly owned subsidiary of Rain Carbon Inc. The outlook is stable.

Upon completion of the refinancing, Moody's will withdraw all
current ratings of Rain CII Carbon LLC., including its B3 CFR,
B3-PD PD and the B3 rating on senior secured notes.

Issuer: Rain Carbon Inc.

Assignments:

-- Corporate Family Rating, Assigned B1

-- Probability of Default Rating, Assigned B1-PD

-- Senior Unsecured Regular Bond/Debenture, Assigned B1 (LGD4)

Outlook Actions:

-- Outlook, Assigned Stable

RATINGS RATIONALE

The B1 CFR reflects the company's position as one of the leading
global producers of carbon-based and chemical products, which form
key raw materials for a broad range of industries. The company is
one of the key producers of Calcined Petroleum Coke (CPC) which is
derived from Green Petroleum Coke, a by-product of the oil refining
process, and is a critical ingredient in the aluminum smelting
process. The company is also a key distiller of coal tar, a
by-product of metallurgical coke production, with the distillation
process resulting in Coal Tar Pitch (CTP), which is also a critical
ingredient in the aluminum smelting process, as well as aromatic
and naphthalene oils and other raw materials for a variety of
industries.

CPC and CTP account for approximately half of the company's
revenues, and the ratings reflect the resultant concentration in
the aluminum industry as the key end market for these products. The
ratings also reflect the stability provided by the company's
long-standing relationships with key global aluminum producers and
their long-term contracts for the supply of raw materials (coal tar
and GPC). The ratings also reflect the relative stability in
margins, as sales and supply contracts contain price resetting
mechanisms allowing the company to pass through the costs of main
raw materials to its customers.

The ratings further reflect the diversity in end markets and higher
margin potential provided by the company's chemical business, which
is responsible for roughly 20% of sales and refines a portion of
the coal tar distillation output into high value chemical products
that are critical raw materials for the specialty chemicals,
coatings, construction, petroleum and several other industries.

The ratings reflect the global footprint of the company's
production facilities, including recent additions of a coal tar
distillation plant developed by a joint venture with Russian steel
company Severstal OAO and a CPC blending facility in India.

The ratings are constrained by a relatively low revenue base ($1.2
billion in 2016) and significant dependency on the aluminum
industry (36% of sales in 2016), which continues to face
headwinds.

The effective upgrade of the CFR to B1 from B3 at Rain CII Carbon
(to be withdrawn) reflects the inclusion in the borrowing group of
the Rain CII Carbon (Vizag) Limited, which generated roughly $30
million in EBITDA in 2016, as well as improvement in the
performance of the core businesses in 2016 as a result of cost
containment efforts and improvements in end markets.

The B1 rating on the senior unsecured notes, in line with the CFR,
reflects the preponderance of unsecured debt in the capital
structure.

Moody's expects the company to have good liquidity, supported by
cash on hand of $126 million at December 31, 2016, positive free
cash flows, and expected full availability under the proposed $160
million secured revolver maturing in 2022.

The stable outlook reflects Moody's expectations that the company
will maintain Debt/ EBITDA, as adjusted, of around 4.5x over the
ratings horizon.

The ratings could be upgraded if Debt/ EBITDA, as adjusted, were to
be sustained below 3.5x with consistently positive free cash flows
and good liquidity.

A downgrade would be considered if Debt/ EBITDA, as adjusted, were
to increase above 5x, or if liquidity deteriorated.

The principal methodology used in these ratings was Global Steel
Industry published in October 2012.

Rain Carbon Inc. is an indirect wholly owned subsidiary of Rain
Industries Limited, a company incorporated in India. The company is
engaged in the business of manufacturing of carbon products and
chemicals, including Calcined Petroleum Coke, Coal Tar Pitch,
co-generated energy, and other derivatives and downstream products
of the coal tar distillation process. In 2016 the company generated
$1.2 billion in revenues.


REES ASSOCIATES: Taps Bradshaw Fowler as Legal Counsel
------------------------------------------------------
Rees Associates, Inc. seeks approval from the U.S. Bankruptcy Court
for the Southern District of Iowa to hire legal counsel in
connection with its Chapter 11 case.

The Debtor proposes to hire Bradshaw, Fowler, Proctor & Fairgrave,
P.C. to give legal advice regarding its duties under the Bankruptcy
Code, to conduct examinations of witnesses and claimants, assist in
the preparation and implementation of a bankruptcy plan, and
provide other legal services.

The hourly rates charged by the firm are:

     Jeffrey Goetz                  $375
     Krystal Mikkilineni            $190
     Associates              $125 - $250
     Paralegals               $50 - $125

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

The firm can be reached through:

     Jeffrey D. Goetz, Esq.
     Bradshaw Fowler Proctor & Fairgrave P.C.
     801 Grand Avenue, Suite 3700
     Des Moines, IA 50309-8004
     Phone: 515/246-5817
     Fax: 515/246-5808
     Email: goetz.jeffrey@bradshawlaw.com

                   About Rees Associates Inc.

Based in Des Moines, Iowa, Rees Associates, Inc. sought protection
under Chapter 11 of the Bankruptcy Code (Bankr. S. D. Iowa Case No.
17-00273) on February 27, 2017.  The petition was signed by Stephen
D. Lundstrom, president.  

At the time of the filing, the Debtor disclosed $6.43 million in
assets and $3.58 million in liabilities.


RENT-A-CENTER INC: Moody's Cuts CFR to B2 on Decline in Operations
------------------------------------------------------------------
Moody's Investors Service downgraded Rent-A-Center, Inc.'s debt
ratings, including its Corporate Family Rating to B2 from Ba3 and
Probability of Default rating to B2-PD from Ba3-PD. Moody's also
downgraded the company's secured credit facilities to Ba2 from Ba1,
and unsecured notes to B3 from B1. The company's Speculative Grade
Liquidity Rating is unchanged at SGL-4. The ratings remain on
review for downgrade.

"Rent-A-Center's downgrade to B2 reflects the significant decline
in its operating performance, credit metrics and liquidity stemming
from the point-of-sale system implementation issues last fall,
heavy promotional activity, and higher delinquency rates," stated
Moody's Assistant Vice President, Mike Zuccaro. "Ratings remain on
review for downgrade due to the company's very weak liquidity."

Rent-A-Center is actively in discussions with its bank group
regarding near- and long-term solutions to potential covenant
violations, including a potential waiver, amendment or refinancing.
The company is also taking steps to stabilize its performance,
addressing such items as its product mix, pricing, store-level
workforce and delinquency rates. However, it will likely take
significant time to rebuild its rental portfolio and improve
overall operations, particularly in light of a very challenging
environment that includes choppy consumer spending patterns,
increased competition from both traditional brick-and-mortar and
online retailers, and better access to credit.

The review for downgrade will focus on Rent-A-Center's progress
with improving liquidity, particularly the impact of the $135-145
million excess cash flow sweep payment due by March 8, 2017, as
well as its ability to address a potential near term covenant
breach and maintain continuous access to its revolving credit
facility.

RATINGS RATIONALE

The B2 Corporate Family Rating reflects Rent-A-Center's weak credit
metrics, particularly interest coverage. Credit metrics are set to
deteriorate significantly in 2017 as it will likely take time for
the company's improvement initiatives to take hold, given the
challenging environment, characterized by increased competition and
greater access to credit. Moody's estimates that lease-adjusted
debt/EBITDA will likely rise above 5.0 times and EBIT/Interest will
fall near 1.1 times in 2017, from 4.5 times and 1.5 times,
respectively at the end of 2016. Liquidity is currently weak due
the potential for a near term covenant violation, particularly
under its fixed charge coverage test. Rent-A-Center also has an
activist investor that owns a sizable amount of common stock, which
increases event risk.

The rating also considers Rent-A-Center's strong position in the
consumer rent-to-own industry and, despite recent weakening, its
historical track record of maintaining relatively strong and stable
debt protection measures and balanced financial policy that had
included debt reduction.

Ratings could be downgraded if liquidity further deteriorates,
either through the failure to make its upcoming excess cash flow
sweep payment or the inability to address the potential near term
covenant violations.

Given the review for downgrade, an upgrade is unlikely over the
near term. An upgrade would require the company to improve
liquidity and resume positive revenue growth with margin expansion,
such that EBIT/Interest exceeded 1.5 times.

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

Rent-A-Center, Inc., with headquarters in Plano, Texas operates the
largest chain of consumer rent-to-own stores in the U.S. with
approximately 4,500 company operated stores and kiosks located in
the U.S., Canada, Mexico and Puerto Rico. Rent-A-Center also
franchises approximately 230 rent-to-own stores that operate under
the "Rent-A-Center," "ColorTyme" and "RimTyme" banners. Annual
revenue approached $3.0 billion.

Downgrades:

Issuer: Rent-A-Center, Inc.

-- Probability of Default Rating, Downgraded to B2-PD from
    Ba3-PD; Placed Under Review for further Possible Downgrade

-- Corporate Family Rating (Local Currency), Downgraded to B2
    from Ba3; Placed Under Review for further Possible Downgrade

-- Senior Secured Bank Credit Facility (Local Currency),
    Downgraded to Ba2 from Ba1; Placed Under Review for further
    Possible Downgrade

-- Senior Unsecured Regular Bond/Debenture (Local Currency),
    Downgraded to B3 from B1; Placed Under Review for further
    Possible Downgrade



REWALK ROBOTICS: Kost Forer Gabbay Raises Going Concern Doubt
-------------------------------------------------------------
ReWalk Robotics Ltd. filed with the U.S. Securities and Exchange
Commission its annual report on Form 10-K, disclosing a net loss of
$32.50 million on $5.87 million of revenues for the year ended
December 31, 2016, compared to a net loss of $25.41 million on
$3.75 million of revenues for the year ended December 31, 2015.

Kost Forer Gabbay & Kasierer, issued a "going concern"
qualification on the consolidated financial statements for the
fiscal year ended December 31, 2016, citing that the Company
incurred a net loss totaling $106.5 million and further losses are
anticipated in the development of its business.  These factors
raise substantial doubt about the Company's ability to continue as
a going concern.

The Company's balance sheet at December 31, 2016, showed total
assets of $31.76 million, total liabilities of $23.50 million, and
a stockholders' equity of $8.26 million.

A full-text copy of the Company's Form 10-K is available at:
                
                   https://is.gd/X2lF62

ReWalk Robotics Ltd. is an innovative medical device company that
is designing, developing and commercializing exoskeletons that
allow individuals with mobility impairments or other medical
conditions the ability to stand and walk once again. Current ReWalk
designs are intended for people with paraplegia, a spinal cord
injury resulting in complete or incomplete paralysis of the legs,
who have the use of their upper bodies and arms.



RHINO GEAR: Claims to be Paid From Proceeds of Asset Sale
---------------------------------------------------------
Rhino Gear Manufacturing Inc. filed with the U.S. Bankruptcy Court
for the Northern District of Ohio a joint disclosure statement and
plan of reorganization.

The Class One claim of the Direct Capital, Inc., is likely
impaired.  The Class One claim will be paid from the proceeds of
the sale of the Debtor's assets.  The Debtor will pay to Direct
Capital the sum of $88,000 within 10 days from the confirmation of
the Plan.  The Debtor anticipates the Class One claim not to exceed
$88,000.  No other class One Claims will be paid.

The Class Four General Unsecured Claims are impaired and will only
be paid if funds are available.

Funds the Debtor generates from the sale of its assets which are
placed in a special account to be issued solely for distribution to
creditors and which will be in an amount sufficient to satisfy the
distributions required under the Plan.

The Disclosure Statement is available at:

          http://bankrupt.com/misc/ohnb16-16968-34.pdf

                 About Rhino Gear Manufacturing

Rhino Gear Manufacturing Inc. sought protection under Chapter 11 of
the Bankruptcy Code (Bankr. N.D. Ohio Case No. 16-16968) on Dec.
22, 2016.  The petition was signed by Richard Reinholz, president.


At the time of the filing, the Debtor estimated assets of less than
$100,000 and liabilities of less than $500,000.

Glenn E. Forbes, Esq., at the Forbes Law, LLC, serves as the
Debtor's bankruptcy counsel.


ROCKY MOUNTAIN: LSW Now Controlling Shareholder After $3.5M Deal
----------------------------------------------------------------
LSW Holdings, LLC purchased 1,000,000 shares of Series A Preferred
Stock from Rocky Mountain High Brands, Inc.'s former controlling
shareholder, Jerry Grisaffi, for a purchase price of $3,500,000.
The source of the consideration paid to Mr. Grisaffi was the
working capital of the purchaser, according to a Form 8-K report
filed with the Securities and Exchange Commission.

The sale of these shares was exempt from registration pursuant to
Rule 506 under Regulation D and Section 4(2) of the Securities Act.
As a result of this transaction, a change in control of the
company has occurred.  Shares of Series A Preferred Stock cast 400
votes per share and are convertible to 100 shares of common stock
per share.  Accordingly, LSW Holdings, LLC is now the Company's
controlling shareholder.  Lily Li is the managing member of LSW
Holdings, LLC and, in that capacity, has the authority to direct
voting and investment decisions with regard to its holdings in the
company.

There are no arrangements known to the company, the operation of
which may, at a subsequent date, result in a further change in
control of the Company.

                    About Rocky Mountain

Rocky Mountain High Brands, Inc., (RMHB) is a consumer goods brand
development company specializing in developing, manufacturing,
marketing, and distributing high quality, health conscious,
hemp-infused food and beverage products and spring water.  The
Company currently markets a lineup of five hemp-infused beverages.
RMHB is also researching the development of a lineup of products
containing Cannabidiol (CBD).  The Company's intention is to be on
the cutting edge of the use of CBD in consumer products while
complying with all state and federal laws and regulations.

Rocky Mountain reported net income of $2.32 million on $1.07
million of sales for the fiscal year ended June 30, 2016, compared
with a net loss of $16.62 million on $489,849 of sales for the
fiscal year ended June 30, 2015.

As of Sept. 30, 2016, Rocky Mountain had $2.33 million in total
assets, $4.07 million in total liabilities, all current, and a
total shareholders' deficit of $1.73 million.

Paritz & Company, P.A., in Hackensack, New Jersey, issued a "going
concern" qualification on the consolidated financial statements for
the year ended June 30, 2016, citing that the Company has a
shareholders' deficit of $1,477,250, an accumulated deficit of
$16,878,382 at June 30, 2016, and has generated operating losses
since inception.  These factors, among others, raise substantial
doubt about the ability of the Company to continue as a going
concern.


S. HEMENWAY: Asks for Conditional OK of 2nd Amended Disclosures
---------------------------------------------------------------
S. Hemenway, Inc., filed a motion asking the U.S. Bankruptcy Court
for the District of Minnesota to conditionally approve its second
amended disclosure in support of its fourth amended plan of
reorganization filed on Feb. 4, 2017.

The Debtor also asked the court to set a date for the hearing on
the final approval of the second amended disclosure statement and
the confirmation of the fourth amended plan.

Under the second amended plan, Class 2 consists of the secured
claim of Unity Bank in the approximate amount of $152,700. The
Debtor will make monthly payments in the amount of $3,000 until the
claim is paid in full at an interest rate of 5% per annum. The
collateral pledged to Unity Bank are the assets of the Debtor,
other than accounts receivable, subject to the Class 1 Claim, and
Guarantees from Scott Hemenway and, in one instance, from SH Home
Care, Inc. The Debtor believes that the Class 2 creditor is fully
secured.

The secured claim of Unity Bank in the previous plan was in the
approximate amount of $162,000.

Class 4 consists of the non-insider unsecured creditors of the
Debtor. The non-insider unsecured claims total approximately
$130,000.  The Debtor will pay each allowed unsecured creditor 5%
of the allowed unsecured Claim in Class 4 on or before Dec. 30,
2017.

The Plan Proponent believes that the Debtor will have enough cash
on hand on the Effective Date of the Plan to pay all the claims and
expenses that are entitled to be paid on that date.

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

            http://bankrupt.com/misc/mnb16-31466-115.pdf

S. Hemenway Inc., operator of a Visiting Angel franchised nursing
home, filed a Chapter 11 bankruptcy petition (Bankr. D. Minn. Case
No. 16-31466) on May 2, 2016.  The petition was signed by Scott
Hemenway, the president.  Judge Katherina A. Constantine has been
assigned the case.


SEASONS PARTNERS: Taps Gerald K. Smith as Legal Counsel
-------------------------------------------------------
Seasons Partners, LLC seeks approval from the U.S. Bankruptcy Court
for the District of Arizona to hire legal counsel in connection
with its Chapter 11 case.

The Debtor proposes to hire Gerald K. Smith and John C. Smith Law
Offices, PLLC to give legal advice regarding its duties under the
Bankruptcy Code, negotiate with creditors, assist in the
preparation of a bankruptcy plan, and provide other legal
services.

The hourly rates charged by the firm are:

     Gerald Smith         $600
     John Smith           $350
     Grant Cartwright     $350
     Cody Vandewerker     $250
     Paralegal            $150

Gerald K. Smith does not hold or 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, according to
court filings.

The firm can be reached through:

     Gerald Smith, Esq.
     John Smith, Esq.
     Grant Cartwright, Esq.
     Cody Vandewerker, Esq.
     Gerald K. Smith and John C. Smith
     Law Offices, PLLC
     6720 E. Camino Principal, Suite 203
     Tucson, AZ 85715
     Tel: (520) 722-1605
     Fax: (520) 722-9096
     Email: gerald@smithandsmithpllc.com
     Email: john@smithandsmithpllc.com
     Email: grant@smithandsmithpllc.com
     Email: cody@smithandsmithpllc.com

                   About Seasons Partners LLC

Seasons Partners LLC sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. D. Ariz. Case No. 17-01746) on February 27,
2017.  The petition was signed by Christian Pezzuto, manager of
Seasons Wetmore LLC.  The case is assigned to Judge Brenda Moody
Whinery.

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


SECURED ASSETS: Hodge Buying Reno Condo Unit for $159K
------------------------------------------------------
Secured Assets Belvedere Tower, LLC, asks the U.S. Bankruptcy Court
for the District of Nevada to authorize the sale of the condominium
unit, Unit 1111, located within The Belvedere, 450 N. Arlington
Ave., Reno, Nevada, to Paul C. Hodge for $159,000, subject to
overbid.

On Sept. 7, 2017, the Debtor signed a 6 month Exclusive Right to
Sell Contract with Mandie Jensen of Dickson Realty, Inc. for the
sale of the Debtor's condominium units at the Property.  On Jan.
17, 2017, the Debtor signed a new Exclusive Right to Sell Contract
with Dickson Realty for the sale of the Debtor's condominium units
at the Property.

The Listing Agreement provides, subject to thes Court's approval,
for a commission of 3% of the gross sales price of each Unit to be
paid to Dickson Realty, which commission will be due and payable
only upon the closing of an approved sale.  This commission rate is
the customary rate charged by Ms. Jensen and Dickson Realty.
Jensen has been a real estate agent since 2003 and has 14 years of
experience marketing residential real estate and land in the
Northern Nevada Area.

On Dec. 17, 2016, Ms. Jensen listed Unit 1111 for sale on the
Multiple Listing Service with a listing price of $157,500.  On Feb.
23, 2017, the Debtor finalized an agreement to sell Unit 1111 to
the Buyer for $159,000, with $5,000 to be contributed by the Debtor
towards the Buyer's recurring and non-recurring closing costs.

The additional salient terms of the Purchase Agreement are:

          a. The offer is an all cash offer that is not contingent
on an appraisal;

          b. The Buyer will deposit a $1,500 Earnest Money
Deposit;

          c. The Debtor will pay for a title insurance policy;

          d. The Debtor and the Buyer will share equally in the
escrow fee and transfer taxes;

          e. The Buyer has waived a warranty contract;

          f. The sale will include fixtures, including the
currently installed microwave, dishwasher, stove and window
treatments and will include currently installed personal property
of the refrigerator and washer/dryer;

          g. The Buyer will pay for the following inspections: home
inspection and a heating and cooling system inspection;

          h. The Debtor will pay for and complete up to $500 in
required repairs;

          i. The Debtor will pay all HOA transfer fees and existing
assessments levied;

          j. The Buyer will pay all HOA set-up fees and assessments
levied but not yet due and acknowledges that there is a HOA capital
contribution fee that is 0.5% of the sale price, due at closing;

          k. The Buyer has the right to park at least one car in
the secured parking;

          l. The Closing will be on March 27, 2017, subject to
Court approval;

          m. The sale is subject to possible overbid pursuant to
bidding procedures as set forth in the Sale Motion; and

          n. A commission of 6% of the total purchase price will be
paid to the brokers from the proceeds of the sale.

The proposed sale price for Unit 1111 is higher than the parameters
set by the Debtor and BTM in the Pricing List.

In the event that the Court approves the proposed sale, the deposit
amount will be applied towards the purchase price.  In the event
that the Buyer is approved as purchaser at the Sale Hearing but
fails to close the transaction, the deposit will not be returned to
the Buyer, but rather will become property of the bankruptcy
estate, and the Buyer will have no claims against the estate or its
assets.  The deposit is refundable in the event the Buyer is
overbid or the Court denies the sale.

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

          http://bankrupt.com/misc/Secured_Assets_327_Sales.pdf

Belvedere Debt Holdings, LLC has a first priority security interest
in Unit 1111.  By virtue of a Judgment by Confession recorded in
2014 by Woodburn & Wedge for past due attorneys' fees, Woodburn &
Wedge has a second priority security interest in Unit 1111.

With the Sale Motion, the Debtor asks that the Court approves the
overbid procedures for use in conducting the sale.

The salient terms of the Bidding Procedures are:

          a. Pre-Qualification: Any person may qualify as a bidder.
In order to become a "Qualified Bidder," an interested bidder must
submit a qualified bid one day prior to the start of the Sale
Hearing.

          b. Bidding at the Sale Hearing: A hearing will be
conducted at the Court at a date and time to be established by the
Court. In order to bid at the Sale Hearing, a party must have
qualified as a Qualified Bidder.

          c. The Unit 1111 Buyer's offering price in the Purchase
Agreement will be the opening bid at the auction and the sale is to
be approved for an amount not less than that offer.  The initial
overbid increment will be at least $2,000, resulting in a minimum
sale price of $159,000, with $5,000 incentive, or comparable offer
in the event of an overbid.  Subsequent bids will be accepted in
increments of $1,000.  The final purchase price will be the highest
qualified bid offered over the Opening Bid Price and accepted at
the auction.

          d. Closing: The Closing will take place as soon as
possible after the Court's order approving the Motion is entered,
including paying the balance of the purchase price and executing
all necessary documents, but in any event, no later than seven days
after the Order is entered.  Failure to close timely will
constitute a material breach of the Purchase Agreement, will void
any rights the Buyer or a successful Bidder may have had against
the bankruptcy estate or any of its assets, including against the
Property, and will permit the Debtor to re-market the Property and
sell it to a third party.

The Debtor respectfully submits that it has adequately articulated
a business justification for the proposed sales and that the sales
are in the best interests of the estate and its creditors.  The
Debtor asks that the Court approves the sale free and clear of all
liens, claims and encumbrances, with all liens to attach to
proceeds of sale and to retain their order of priority, which will
be held in the Debtor's attorneys' client trust account pending
further order of the Court.

The Debtor respectfully asks that the Court waives the provisions
of Fed. R. Bankr. Pro. 6004(h), and provides that any order entered
on the Motion takes effect immediately upon entry.  The Buyer has
requested to close on March 27, 2017.

The Debtor also asks an order granting an application to employ
Dickson Realty to act as the Debtor's property broker to sell Unit
1111 on the same terms and for all the same reasons as set forth in
prior sales motions (Docket Nos. 54, 152, 92, 194 and 243), and as
approved by the Court in Docket Nos. 80, 156, 157, 297 and 308.

           About Secured Assets Belvedere Tower

Reno, Nevada-based Secured Assets Belvedere Tower, LLC, filed a
chapter 11 petition (Bankr. D. Nev. Case No. 16-51162) on Sept.
19,
2016.  The petition was signed by Gregg Smith.  The Debtor is
represented by Elizabeth A. High, Esq., and Cecilia Lee, Esq., at
Davis Graham & Stubbs LLP.  The case is assigned to Judge Gregg W.
Zive.

The Debtor, a single asset real estate company, disclosed total
assets at $20.4 million and total liabilities at $18.5 million.


SG ACQUISITION: S&P Affirms 'B' CCR on Dividend Recapitalization
----------------------------------------------------------------
S&P Global Ratings said it affirmed its 'B' long-term corporate
credit rating on U.S. ancillary auto-finance and insurance provider
SG Acquisition Inc. (d/b/a Safe-Guard).  The outlook is stable.  At
the same time, S&P assigned its 'B' issue-level rating to the
proposed $200 million first-lien term loan.  The '3' recovery
rating on the first-lien term loan indicates S&P's expectation of
meaningful (65%) recovery in the event of a payment default.  S&P
also assigned its 'CCC+' issue-level rating to the proposed $70
million second-lien term loan.  The '6' recovery rating on the
second-lien loan indicates S&P's expectation of negligible (5%)
recovery of principal in the event of a payment default.  The
ratings on the proposed credit facilities are subject to the
successful completion of the transaction, and to S&P's review of
the final documentation.  If S&P do not receive the final
documentation within a reasonable timeframe, or if the final
documentation departs from the materials S&P has already reviewed,
it reserves the right to withdraw or revise its ratings.

"The affirmation reflects our view that the dividend
recapitalization will weaken SGA's credit protection measures, but
will remain consistent with our expectations of a "highly
leveraged" financial risk profile," said S&P Global Ratings credit
analyst James Sung.  The transaction will add $110 million in
incremental funded debt to the capital structure and increase
leverage to 6.2x, on a pro-forma S&P basis as of year-end 2016.
This will be the first dividend paid to the company's financial
sponsors (Goldman Sachs) since its leveraged buy-out in 2012.

The affirmation is also based on S&P's expectation for revenue
stability and EBITDA margin improvement in 2017.  SGA's revenue
stability will be supported by flat (to slightly down) new/used car
sales industry-wide (compared with a record year in 2016), offset
by SGA's pricing actions that may dampen sales.  EBITDA margin
improvement will be supported by improved underwriting performance
and faster growth in higher-margin, fee-based products (such as
vehicle service contracts).  The company's decision to offload the
underwriting risk associated with its guaranteed auto protection
(GAP) coverage products (to external insurance carriers) should
also lessen EBITDA margin volatility.

Adjusted EBITDA growth (of up to 25% in 2017) and debt repayment
should enable the company to reduce leverage gradually to 5x-6x by
year-end 2017, with EBITDA interest coverage of 3x-3.5x.  The
company has a good track record of delevering, as it made
$50 million in total debt repayments (of which $30 million was
voluntary) since August 2014 (the time of its last refinancing).
S&P expects the company to continue generating healthy free cash
flows to service debt based on positive operating cash flows and
modest capital expenditure requirements (typically about 1% of
revenues).  In addition, SGA's growth strategy does not depend on
acquisitions.

S&P views SGA's overall business risk profile as weak based on its
vulnerability to economic downturns, overall narrow product scope
(focused on tire and wheel and gap coverage products), high client
concentrations, and relatively modest EBITDA margins versus
insurance services peers'.  These strengths are slightly offset by
the company's strong market positions in its niche products and a
stable, high-profile client base (with high retention levels) that
includes a broad range of original equipment manufacturers and
national auto dealerships.  S&P views SGA's financial risk profile
as highly leveraged because of its private equity ownership and
aggressive financial policies, which do not support sustainable
long-term delevering.

S&P assess SGA's liquidity as adequate based on S&P's expectation
for its cash sources to exceed 1.2x of its cash needs during the
next 12 months.  In addition, S&P expects net cash sources to be
positive even with a 15% decline in EBITDA.  SGA's liquidity
sources include its unrestricted cash, the proposed $15 million
revolving credit facility (to be untapped at transaction close),
and positive funds from operations.  The company's ongoing
liquidity uses include required principal amortization (1% per
annum) on the first-lien term loan, and modest capital expenditures
(approximately 1% of revenues).

The stable outlook on SGA reflects S&P's expectation that the
company's total revenue will be relatively flat at $410-$415
million in 2017, and adjusted EBITDA will increase by up to 25% to
the mid $40 million-$50 million range.  S&P expects EBITDA margins
to improve to the low double-digit range based on SGA's pricing
actions, product redesigns, the roll-off of underpriced contracts,
and growth in fee-based products.  S&P expects EBITDA growth and
debt repayment to result in projected adjusted debt to EBITDA of
5x-6x by year-end 2017, and EBITDA interest coverage of 3x-3.5x.

S&P could lower the rating during the next 12 months if SGA were to
lose one or more key customers (without offsetting business), or
sustain continued underwriting losses, leading to materially lower
revenues and/or EBITDA and weaker credit metrics, including
sustained leverage above 6.0x.  S&P could also lower the rating if
liquidity becomes constrained such that cash sources fail to cover
at least 1.2x of expected cash uses.

An upgrade is unlikely during the next 12 months.  S&P would
consider an upgrade beyond that time if SGA were to grow and
diversify revenues substantially while improving its EBITDA
margins; or if SGA changes its financial policy resulting in
sustainable leverage below 4x and EBIDTA interest coverage above
3x.


SHANGOL INC: Ch. 11 Trustee Hires Hofmeister as Counsel
-------------------------------------------------------
Donald Biase, the Chapter 11 Trustee of Shangol, Inc., seeks
authority from the U.S. Bankruptcy Court for the District of New
Jersey to employ the Law Firm of Brian W. Hofmeister, LLC as
attorney to the Trustee.

The Trustee requires Hofmeister to:

   a. conduct examinations of the Debtor and other interested
      parties to ascertain whether or not there are any assets of
      the Debtor not disclosed in the Petition filed; and

   b. assist the Trustee in formulating and preparing a plan of
      reorganization.

Hofmeister will be paid at these hourly rates:

     Brian W. Hofmeister, Partner             $425
     Paralegal                                $195

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

Brian W. Hofmeister, partner of the Law Firm of Brian W.
Hofmeister, LLC, assured the Court that the firm is a
"disinterested person" as the term is defined in Section 101(14) of
the Bankruptcy Code and does not represent any interest adverse to
the Debtor and its estates.

Hofmeister can be reached at:

     Brian W. Hofmeister, Esq.
     LAW FIRM OF BRIAN W. HOFMEISTER, LLC
     3131 Princeton Pike, Bldg. 5, Suite 110
     Lawrenceville, NJ 08648
     Tel: (609) 890-1500
     Fax: (609) 890-6961
     E-mail: bwh@hofmeisternfirm.com

              About Shangol, Inc.

Shangol Inc. sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. D. N.J. Case No. 16-29313) on October 9, 2016. The
petition was signed by Albert Nazarian, president.

The case is assigned to Judge Stacey L. Meisel. David L. Stevens,
Esq., at Scura, Wigfield, Heyer & Stevens, LLP represents the
Debtor.

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



SIRGOLD INC: Ch. 11 Trustee Taps Citrin Cooperman as Accountant
---------------------------------------------------------------
Salvatore LaMonica, the Chapter 11 Trustee of Sirgold, Inc., seeks
approval from the U.S. Bankruptcy Court for the Southern District
of New York to expand the employment of Citrin Cooperman & Company,
LLP as accountant to the Trustee and the Official Committee of
Unsecured Creditors.

On January 5, 2017, the Bankruptcy Court ordered for the employment
of Citrin as accountant to the Committee.

The Trustee requires Citrin to serve as accountant not just for the
Committee, but for both the Trustee as well, and to provide these
services:

   a. trace the assets of the Debtor from the books and records,
      verifying the existence, if any, of any transfers or
      concealment of assets, or other fraudulent conveyances;

   b. review the activity of the principals insofar as it affects
      the Debtor, as to use of corporate funds and assets,
      transfer of assets and complete accounting of operations;

   c. reconcile all bank accounts and report balances thereof;

   d. review the financial operations of the Debtor prior to the
      date of the appointment of the Trustee;

   e. prepare monthly operating reports for the Trustee;

   f. review cash disbursements for the period prior to the
      appointment of the Trustee;

   g. review transactions with the Debtor's secured creditors, if
      any, to determine the loan and collateral positions at the
      date of filing of the petition and subsequent thereto and
      to ascertain the balance of monies and collateral, if any
      which might be owing to the Debtor. In addition, it will be
      necessary to determine the loan and collateral
      relationships for the ninety (90) day period and one (1)
      year period prior to the date of filing of the petition to
      determine preferences, if any;

   h. conduct an analysis and prepare a schedule of all transfers
      made by the Debtor within the ninety (90) day period and
      one (1) year period prior to the date of filing of the
      petition;

   i. prepare the federal, state and city estate tax returns; and

   j. perform other services as required by the Trustee.

Citrin will be paid at these hourly rates:

     Partners                             $450-$650
     Managers and Directors               $300-$390
     Supervisors                          $200-$300
     Staff and Senior Accountants         $125-$200

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

Howard Fielstein, partner of Citrin Cooperman & Company, LLP,
assured the Court that the firm is a "disinterested person" as the
term is defined in Section 101(14) of the Bankruptcy Code and (a)
are not creditors, equity security holders or insiders of the
Debtor; (b) have not been, within two years before the date of the
filing of the Debtor's chapter 11 petition, directors, officers or
employees of the Debtor; and (c) do not have an interest materially
adverse to the interest of the estate or of any class of creditors
or equity security holders, by reason of any direct or indirect
relationship to, connection with, or interest in, the Debtor, or
for any other reason.

Citrin can be reached at:

     Howard Fielstein
     CITRIN COOPERMAN & COMPANY, LLP
     529 Fifth Avenue
     New York, NY 10017
     Tel: (212) 697-1000

              About Sirgold, Inc.

Sirgold, Inc. sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. S.D.N.Y. Case No. 16-12963) on October 21, 2016. The
case is assigned to Judge Shelley C. Chapman. Gary M. Kushner, Esq.
and Scott D. Simon, Esq. of Goetz Fitzpatrick LLP serve as
bankruptcy counsel.

On December 8, 2016, the Office of the U.S. Trustee appointed an
official committee of unsecured creditors. The committee is
represented by Pick & Zabicki, LLP. Citrin Cooperman & Company LLP
serves as its accountant.



SKYLINE CORP: Names Jeff Newport Chief Operating Officer
--------------------------------------------------------
Skyline Corporation has promoted Jeff Newport to chief operating
officer.  Mr. Newport previously served as senior vice president of
operations since joining Skyline in February 2016.

Mr. Newport will continue to report to the president and chief
executive officer and will serve as a member of the executive
leadership team.  He will be responsible for leading Skyline's
overall operations including the areas of manufacturing,
procurement, quality, human resources and engineering.

"Jeff has already made a significant impact on our operations and
his promotion to Chief Operating Officer is well-earned," said
Richard W. Florea, Skyline's president and chief executive officer.
"I have worked closely with Jeff over the past 12 months and I
look forward to continue working together as we strive to
continuously improve our operating efficiency and overall
profitability."

Mr. Newport will receive an annual base salary of $250,000 and is
employed on an at-will basis.  In addition, in connection with his
appointment on Feb. 27, 2017, the Corporation granted Mr. Newport
6,000 stock options pursuant to the Corporation's 2015 Stock
Incentive Plan.  The option grant will be subject to the terms and
conditions of an award agreement, which will provide that the
options will vest and become exercisable in five equal installments
on Feb. 27, 2018, 2019, 2020, 2021, and 2022. The options have an
expiration date of Feb. 27, 2027.  In addition, Mr. Newport was
granted 3,000 shares of restricted stock pursuant to the 2015 SIP.
The restricted stock will vest on Feb. 27, 2022.

                    About Skyline Corp
  
Skyline Corporation was originally incorporated in Indiana in 1959,
as successor to a business founded in 1951.  Skyline Corporation
and its consolidated subsidiaries designs, produces and markets
manufactured housing, modular housing and park models to
independent dealers and manufactured housing communities located
throughout the United States and Canada.  Manufactured housing is
built to standards established by the U.S. Department of Housing
and Urban Development, modular homes are built according to state,
provincial or local building codes, and park models are built
according to specifications established by the American National
Standards Institute.

For the fiscal year ended May 31, 2015, the Company reported a net
loss of $10.41 million compared to a net loss of $11.9 million for
the year ended May 31, 2014.

As of Nov. 30, 2016, Skyline had $57.72 million in total assets,
$32.38 million in total liabilities and $25.34 million in total
shareholders' equity.

Crowe Horwath LLP, in Fort Wayne, Indiana, issued a "going concern"
qualification on the consolidated financial statements for the year
ended May 31, 2015, citing that the Company has incurred recurring
operating losses and negative cash flows from operating activities.
The Company has a line of credit in place, however prospective
debt covenant violations may limit the Company's ability to access
these funds which would impact its liquidity.  These matters raise
substantial doubt about the Company's ability to continue as a
going concern.


STAR COMPUTER: Liquidating Trustee Taps Rosenbaum as Accountant
---------------------------------------------------------------
The liquidating trustee appointed in Star Computer Group Inc.'s
Chapter 11 case seeks approval from the U.S. Bankruptcy Court for
the Southern District of Florida to hire an accountant.

Joseph Luzinski is the official overseeing the creditors trust
created pursuant to the Debtor's Chapter 11 plan of liquidation.
He proposes to hire Rosenbaum Sobel LLC to prepare income tax
returns for the trust, give advice regarding any tax or
accounting-related issues, and provide other services.

The hourly rates charged by the firm are:

     Steven Rosenbaum, CPA, CFF     $300
     Other Partners          $200 - $300
     Staff Accountants        $75 - $200

Rosenbaum Sobel does not hold any interest adverse to the
liquidating trustee, the creditors trust or the Debtor's bankruptcy
estate, according to court filings.

The firm can be reached through:

     Steven Rosenbaum
     Rosenbaum Sobel LLC
     900 S. Pine Island Road, Suite 220
     Plantation, FL 33324
     Phone: 954-744-8440
     Fax: 954-744-8441

                     About Star Computer Group

Star Computer Group, Inc. sought Chapter 11 bankruptcy protection
(Bankr. S.D. Fla. Case No. 15-28100) on Oct. 12, 2015. The petition
was signed by James S. Howard as chief restructuring officer.
Judge Jay Cristol is assigned to the case.

The Debtor listed assets of $22.7 million and liabilities of $68.3
million.

Founded in 1994 with its office located at 2175 N.W. 115 Avenue,
Miami, FL 33172, the Company was engaged in the business of
supplying wholesale computers, smart phones, and related equipment
and software to dealers and wholesales in Latin America. The
company is jointly owned by Henry Waissmann (54%) and Henry Aguilar
(46%).

The Debtor has engaged Kozyak, Tropin & Throckmorton, P.A., as
bankruptcy counsel, GlassRatner as financial advisor, Fuerst
Ittleman David & Joseph PL as special tax counsel, and Cherry
Bekaert, LLP as accountants.

The U.S. Trustee for Region 21 appointed an official committee of
unsecured creditors. The committee is represented by Stearns Weaver
Miller Weissler Alhadeff & Sitterson, P.A., as counsel.

On June 14, 2016, the court confirmed the Debtor's second amended
plan of liquidation.  On July 8, 2016, the effective date under the
plan occurred and a creditors trust was formally established to
liquidate the Debtor's unencumbered property.


STEPHCHRIS OF MISSOURI: Hires Hoffman & Slocomb as Claims Counsel
-----------------------------------------------------------------
StephChris of Missouri, LLC, seeks authority from the U.S.
Bankruptcy Court for the Eastern District of Missouri to employ
Hoffman & Slocomb, LLC, as special counsel to the Debtor.

StephChris of Missouri requires Hoffman to prosecute or settle all
claims for damages against Midwest Regional Bank, relating to the
Large Note and Small Note issued by Midwest Regional Bank and the
associated Guarantees related to those Notes, pending in the
Circuit Court of St. Louis County, Missouri.

Hoffman will be paid on a contingency basis, a sum equal to 1/3 of
whatever may be recovered from the litigation, settlement, or in
any other manner.

Paul T. Slocomb, shareholder of Hoffman & Slocomb, LLC, assured the
Court that the firm is a "disinterested person" as the term is
defined in Section 101(14) of the Bankruptcy Code and does not
represent any interest adverse to the Debtor and its estates.

Hoffman can be reached at:

     Paul T. Slocomb, Esq.
     HOFFMAN & SLOCOMB, LLC
     1115 Locust St., Fourth Floor
     St. Louis, MO 63101
     Tel: (314) 436-7800
     Fax: (314) 231-0323

              About StephChris of Missouri, LLC

StephChris of Missouri, LLC, a retail Dairy Queen operator, filed a
chapter 11 petition (Bankr. E.D. Mo. Case No. 16-45026) on July 15,
2016. The petition was signed by Brian D. Brown, managing member.
The case is assigned to Judge Kathy A. Surratt-States. The Debtor
estimated total assets and total debts at more than $1 million at
the time of the filing.


STG-FAIRWAY HOLDINGS: S&P Alters Outlook to Neg. & Affirms 'B' CCR
------------------------------------------------------------------
S&P Global Ratings revised its outlook on Atlanta, Ga.-based
STG-Fairway Holdings LLC to negative from stable.

S&P also affirmed all of its ratings on STG-Fairway, including
S&P's 'B' corporate credit rating, its 'B+' first lien credit
facility rating (consisting of a $485 million term loan due 2022
with $400 million currently outstanding, and $50 million revolving
credit facility due 2020), and S&P's 'CCC+' rating on the company's
$150 million second lien term loan due 2023.  The recovery rating
on the first lien facility remains '2', indicating S&P's
expectation for substantial (70%-90%; rounded estimate: 70%)
recovery in the event of a payment default.  The recovery rating on
the second lien term loan remains '6', indicating S&P's expectation
for negligible (0%-10%; rounded estimate: 0%) recovery in the event
of a payment default.

"The outlook revision reflects our belief that STG-Fairway faces
tough competition and that further client attrition would hamstring
the company's effort to stabilize revenue," said S&P Global Ratings
analyst Suyun Qu.  "This could result in STG-Fairway's credit
metrics weakening beyond our forecast, and create the potential for
a liquidity squeeze."

The negative outlook reflects the potential for a lower rating over
the next 12 months if STG-Fairway cannot reverse its declining
sales trend and debt-to-EBITDA increases to over 7.5x. S&P Global
Ratings would also lower the ratings if the company does not
improve its cash flow generation and has to access its revolver.  A
tougher than expected pricing environment or the need to invest
more heavily in infrastructure could hamper the company's ability
to improve margin and cash flow.

S&P could revise the outlook to stable if STG-Fairway performs in
line with S&P's sales expectations and the company's productivity
improvement efforts are not eroded by sales initiatives, resulting
in leverage improving to and being sustained below 6.5x.  S&P
estimates EBITDA would need to improve by 15% at current debt
levels for this to happen.  A stable outlook on the company is also
contingent on its liquidity position improving such that it either
builds a much stronger cash reserve or regains full access to its
revolver.



SUMMIT INVESTMENT: Administrator Unable to Appoint Committee
------------------------------------------------------------
William Miller, U.S. bankruptcy administrator, on March 3 disclosed
in a filing with the U.S. Bankruptcy Court for the Middle District
of North Carolina that no official committee of unsecured creditors
has been appointed in the Chapter 11 case of Summit Investment Co.,
Inc.

Summit Investment Co., Inc., sought protection under Chapter 11 of
the Bankruptcy Code (Bankr. M.D.N.C. Case No. 17-50230) on March 2,
2017.  At the time of the filing, the Debtor estimated its assets
and debts at $1 million to $10 million.


TABERNA PREFERRED: Opportunities Offers to Buy Notes Until March 31
-------------------------------------------------------------------
Opportunities II Ltd. is offering to purchase for cash certain of
the notes issued by Taberna Preferred Funding IV Ltd. and Taberna
Preferred Funding IV Inc.

The offer is subject in all respects to the terms and conditions
contained in the offer to purchase, dated March 1, 2017, and
related letter of transmittal and is only for certain limited
amounts of these notes at the following purchase prices (without
interests):

1) Class A-1 first priority delayed draw senior secured floating
rate notes due May 5, 2036; $385.98 per $1,000 original principal
amount;

2) Class A-2 second priority senior secured floating rate notes due
May 5, 2036; $350 per $1,000 original principal amount;

3) Class A-3 third priority senior secured floating rate notes due
May 5, 2036; $10 per $1,000 original principal amount;

4) Class B-1 fourth priority senior secured floating rate notes due
May 5, 2036; $10 per $1,000 original principal amount;

5) Class B-2 fourth priority senior secured floating rate notes due
May 5, 2036; $10 per $1,000 original principal amount;

6) Class C-1 deferrable fifth priority senior secured floating rate
notes due May 5, 2036; $12.16 per $1,000 original principal
amount;

7) Class C-2 deferrable fifth priority secured fixed/floating rate
notes due May 5, 2036; $12.38 per $1,000 original principal
amount;

8) Class C-3 deferrable fifth priority secured fixed/floating rate
notes due May 5, 2036; $13.33 per $1,000 original principal
amount;

9) Class D-1 deferrable mezzanine secured floating rate notes due
May 5, 2036; $13.75 per $1,000 original principal amount;

10) Class D-2 deferrable mezzanine secured floating rate notes due
May 5, 2036; $20.27 per $1,000 original principal amount;

11) Class E deferrable subordinate secured floating rate notes due
May 5, 2036; $16.03 per $1,000 original principal amount.

The offer is subject in all respects to the terms and conditions
contained in the offer to purchase, and if certain conditions in
the offer documents are not met, the offer will have no obligation
to accept any notes in the offer and may terminate the offer in its
discretion.

The offer will expire on March 31, 2017, at 5:00 p.m., New York
City time, unless extended by the offeror.

The offer documents are available by contacting the offeror at:

   Opportunities II Ltd.
   c/o HoldCo Asset Management L.P.
   Attn: Vik Ghei
   32 Broadway, Suite 1201
   New York, NY 10004
   Tel: (212) 785-5567
   Email: vik@holdcoadvisors.com


TANNER COMPANIES: Seeks to Hire GreerWalker as Accountant
---------------------------------------------------------
Tanner Companies, LLC seeks approval from the U.S. Bankruptcy Court
for the Western District of North Carolina to hire an accountant.

The Debtor proposes to hire GreerWalker LLP to provide accounting
services in connection with its Chapter 11 case.  The hourly rates
charged by the firm are:

     Partners              $350 - $480
     Senior Managers       $255 – $320
     Managers              $205 – $225
     Senior Associates     $160 – $170
     Associates            $135 - $150

John Norman, a certified public accountant and a partner at
GreerWalker, disclosed in a court filing that his firm is a
"disinterested person" as defined in section 101(14) of the
Bankruptcy Code.

The firm can be reached through:

     John M. Norman
     GreerWalker LLP
     227 West Trade Street, Suite 1100,
     Charlotte, NC 28202
     Phone: 704-377-0239
     Email: john.norman@greerwalker.com
     Email: greerwalker@greerwalker.com

                     About Tanner Companies

Tanner Companies, LLC's business generally consists of the design
and direct sales of high-end seasonal women's luxury apparel and
accessories, under the Doncaster label, through
independently-contracted sales stylists.

The Debtor filed a Chapter 11 bankruptcy petition (Bankr. W.D.N.C.
Case No. 17-40029) on Jan. 27, 2017.  The petition was signed by
Elaine T. Rudisill, chief restructuring officer.  The case is
assigned to Judge Craig J. Whitley.  

The Debtor is represented by Joseph W. Grier, III, Esq. at Grier
Furr & Crisp, PA.  The Debtor disclosed total assets of $4.30
million and total liabilities of $18.12 million.  

An official committee of unsecured creditors has been formed in the
case.


TAR HEEL: Trustee's Cash Register Sale to Dealer for $8K Approved
-----------------------------------------------------------------
The U.S. Bankruptcy Court for the Middle District of North Carolina
authorized the Settlement Agreement with Shrinik, Inc. and
Santoshkumar Patel, doing business as College Park Convenience
Store ("Dealer") of John Paul H. Cournoyer, Chapter 11 Trustee for
Tar Heel Oil II, Inc. and Gambill Oil, LLC; and the sale of cash
register system to the Dealer for $7,526.

The sale is free and clear of all liens or interests.

The Trustee is authorized retain and/or distribute the proceeds
received from Dealer as follows:

     a. $4,140 in proceeds, which are attributable to the Debtor's
accounts receivable, will be retained by the Trustee and placed in
a designated "cash collateral" subaccount, and not used in
connection with operations;

     b. $4,167 in proceeds, which are attributable to the balance
owed to CITGO for the new cash register system, will be paid to
Cary Oil, which Cary Oil shall in turn pay to CITGO; and

     c. $3,360 in proceeds, which are attributable to the UST, will
be placed in a designated "equipment proceeds" sub-account, and not
used in connection with operations.

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

           http://bankrupt.com/misc/Tar_Heel_187_Sales.pdf

                        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.


TERRA GOLD: Hires Kutner Brinen as Attorney
-------------------------------------------
Terra Gold Corporation, seeks authority from the U.S. Bankruptcy
Court for the District of Colorado to employ Kutner Brinen, P.C. as
attorney to the Debtor.

Terra Gold requires Kutner Brinen to:

   a. provide the Debtor with legal advice with respect to its
      powers and duties;

   b. aid the Debtor in the development of a plan of
      reorganization under Chapter 11;

   c. file the necessary petitions, pleadings, reports, and
      actions that may be required in the continued
      administration of the Debtor's property under Chapter 11;

   d. take necessary actions to enjoin and stay until a final
      decree herein the continuation of pending proceedings and
      to enjoin and stay until a final decree herein the
      commencement of line foreclosure proceedings and all
      matters as may be provided under 11 U.S.C. Section 362;
      and

   e. perform all other legal services for the Debtor that may be
      necessary herein.

Kutner Brinen will be paid at these hourly rates:

     Lee M. Kutner                    $500
     Jeffrey S. Brinen                $430
     Jenny M. Fujii                   $340
     Keri L. Riley                    $280
     Law Clerk                        $175
     Paralegal                        $75

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

Lee M. Kutner, shareholder of Kutner Brinen, P.C., assured the
Court that the firm is a "disinterested person" as the term is
defined in Section 101(14) of the Bankruptcy Code and does not
represent any interest adverse to the Debtor and its estates.

Kutner Brinen can be reached at:

     Lee M. Kutner, Esq.
     KUTNER BRINEN, P.C.
     1660 Lincoln Street, Suite 1850
     Denver, CO 80264
     Tel: (303) 832-2400
     Fax: (303) 832-1510

              About Terra Gold Corporation

Terra Gold Corporation, an Alaska Corporation, based in Fort
Collins, CO, filed a Chapter 11 petition (Bankr. D. Colo. Case No.
17-11528) on March 1, 2017. The Hon. Michael E. Romero presides
over the case. Lee M. Kutner, Esq., at Kutner Brinen, P.C., to
serve as bankruptcy counsel.

In its petition, the Debtor estimated $1 million to $10 million in
both assets and liabilities. The petition was signed by Rick Bloom,
authorized representative.



TERRANOVA LANDSCAPES: U.S. Trustee Unable to Appoint Committee
--------------------------------------------------------------
An official committee of unsecured creditors has not yet been
appointed in the Chapter 11 case of Terranova Landscapes, Inc. as
of March 3, according to a court docket.

Terranova Landscapes, Inc. dba Terranova Fine Landscapes, based in
Center Moriches, New York, sought protection under Chapter 11 of
the Bankruptcy Code (Bankr. E.D.N.Y. Case No. 17-70472) on January
27, 2017.  The petition was signed by Eric Searles, president.  

The Debtor is represented by Gary C. Fischoff, Esq., at Berger,
Fischoff, & Shumer, LLP.  The case is assigned to Judge Louis A.
Scarcella.

At the time of the filing, the Debtor disclosed $827,529 in assets
and $2.07 million in liabilities.


TOURS INCORPORATED: Hires Neal & Partners as Real Estate Broker
---------------------------------------------------------------
Tours Incorporated, Inc., seeks authority from the U.S. Bankruptcy
Court for the District of California to employ Neal & Partners Real
Estate as real estate listing broker to the Debtor.

Tours Incorporated requires Neal to act as the sole and exclusive
real estate listing broker to market and sell the Debtor's property
located at 5106 Pacific Avenue, Marina del Rey, CA 90292.

Neal will be paid a commission of 4% of the sales price of the
property.

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

David A. Neal, principal of Neal & Partners Real Estate, assured
the Court that the firm is a "disinterested person" as the term is
defined in Section 101(14) of the Bankruptcy Code and does not
represent any interest adverse to the Debtor and its estates.

Neal can be reached at:

     David A. Neal
     NEAL & PARTNERS REAL ESTATE
     8424 Santa Monica Blvd, Suite A-725
     West Hollywood, CA 90069
     Tel: (424) 265-7786

              About Tours Incorporated, Inc.

Tours Incorporated, Inc., based in Canoga Park, CA, filed a Chapter
11 petition (Bankr. C.D. Cal. Case No. 17-10256) on January 31,
2017. The Hon. Maureen Tighe presides over the case. Mark E
Brenner, Esq., to serve as bankruptcy counsel.

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


TRANSMAR COMMODITY: Taps Deloitte's Robert Frezza as CRO
--------------------------------------------------------
Transmar Commodity Group Ltd., seeks authority from the U.S.
Bankruptcy Court for the Southern District of New York to employ
Robert J. Frezza of Deloitte Financial Advisory Services LLP as
chief restructuring officer to the Debtor.

Transmar Commodity requires Deloitte to:

   a. assess the Debtor's current business plan and operations
      including, but not limited to, potential profitability,
      ongoing cash requirements, profit center contributions and
      break-even levels;

   b. develop and oversee implementation of the Debtor's Board-
      approved financial turnaround strategy;

   c. oversee the relationship with the Debtor's lenders and
      other creditors and contractual counterparties, including
      but not limited to, communicating and negotiating directly
      with such parties, or their respective advisors, and
      providing such parties with information or analyses of the
      Debtor required to be provided to such parties pursuant to
      applicable loan agreements or other documents or agreements
      by and between the Debtor and such parties and which such
      parties, and their respective advisors, request; provided
      such Services shall not involve matters which are or become
      Excluded Matters;

   d. prepare a reconciliation of transactions between the Debtor
      and its related parties, particularly between the Debtor
      and Euromar Commodities GmbH;

   e. review, analyze and provide input on transactions between
      the Debtor and its related parties, particularly between
      the Debtor and Euromar, subsequent to the date of the
      Engagement Agreement;

   f. review, analyze and provide input on borrowing base reports
      prepared by the Debtor's Chief Financial Officer pursuant
      to applicable loan agreements by and between the Debtor and
      the Debtor's lenders, and providing such reports, together
      with any associated certifications, directly to the
      Debtor's lenders;

   g. monitor the movement of the Debtor's assets;

   h. review, analyze and provide input on the Debtor's 13-week
      cash flow forecast and such other financial reports
      requested by the Debtor's lenders and their advisors and
      provide such forecast and other reports to such parties;

   i. review, analyze and provide input on the Debtor's cash
      management and cash flow forecasting process, including the
      monitoring of actual cash flow versus projections, and
      providing inputs on potential refinements and overseeing
      implementation thereof;

   j. prepare an analysis of the Debtor's contractual future
      commodity commitments and forward book and developing the
      Debtor's risk management and control policy and procedure
      as it relates to its contractual future commodity
      commitments and affiliate obligations and evaluating the
      Debtor's forward book and affiliate obligations;

   k. advise the Debtor on its corporate governance and
      management structure;

   l. meet with the Board on a regular basis to discuss, among
      other things, engagement progress and financial and
      operational reports; and

   m. provide advice and recommendations with respect to other
      related matters as the Debtor or its professionals may
      request from time to time, as agreed to by Deloitte.

Deloitte will be paid at these hourly rates:

     Robert J. Frezza                     $595
     Professionals                        $175-$795

Deloitte is subject to a fee cap of $25,000 per week.

Deloitte will also be paid an administrative expense of 3% of
professional fees.

Robert J. Frezza, managing director of Deloitte Financial Advisory
Services LLP, assured the Court that the firm is a "disinterested
person" as the term is defined in Section 101(14) of the Bankruptcy
Code and (a) are not creditors, equity security holders or insiders
of the Debtor; (b) have not been, within two years before the date
of the filing of the Debtor's chapter 11 petition, directors,
officers or employees of the Debtor; and (c) do not have an
interest materially adverse to the interest of the estate or of any
class of creditors or equity security holders, by reason of any
direct or indirect relationship to, connection with, or interest
in, the Debtor, or for any other reason.

Deloitte can be reached at:

     Robert J. Frezza
     DELOITTE FINANCIAL ADVISORY SERVICES LLP
     100 Kimball Drive
     Parsippany, NJ 07054
     Tel: (973) 602-6000

              About Transmar Commodity Group Ltd.

Transmar Commodity Group Ltd. filed a Chapter 11 petition (Bankr.
S.D.N.Y. Case No. 16-13625), on December 31, 2016. The Petition was
signed by was signed by Peter G. Johnson, chairman, president and
chief executive officer. At the time of filing, the Debtor had
estimated both assets and liabilities ranging between $100 million
to $500 million each.

The Debtor is represented by Joseph L. Schwartz, Esq., Tara J.
Schellhorn, Esq. and Rachel F. Gillen, Esq., at Riker Danzig
Scherer Hyland & Perretti LLP. The Debtor has engaged Tracy L.
Klestadt, Esq., Joseph C. Corneau, Esq., and Christopher J. Reilly,
Esq., at Klestadt Winters Jureller Southard & Stevens, LLP as local
counsel; and GORG as German special counsel.

The Debtor has hired DeLoitte Transactions and Business Analytics
LLP as its restructuring advisor; and Donlin, Recano & Company,
Inc. as its claims & noticing agent.

The Office of the U.S. Trustee on Jan. 18 appointed three creditors
of Transmar Commodity Group Ltd. to serve on the official committee
of unsecured creditors.



TRI STATE TRUCKING: Hires Cunningham Chernicoff as Counsel
----------------------------------------------------------
Tri State Trucking Company seeks authority from the U.S. Bankruptcy
Court for the Middle District of Pennsylvania to employ Cunningham
Chernicoff & Warshawsky, P.C. as counsel to the Debtor.

Tri State requires Cunningham Chernicoff to:

   a. give the Debtor legal advice regarding its powers and
      duties as Debtor-in-Possession in the continued operation
      of its business and management of its property;

   b. prepare and file on behalf of the Debtor, as Debtor-in-
      Possession, all necessary applications, complaints,
      answers, orders, reports and other legal papers; and

   c. perform all other legal services for the Debtor, as Debtor-
      in-Possession, which may be necessary

Cunningham Chernicoff will be paid at these hourly rates:

     Robert E. Chernicoff                 $350
     Partners                             $200-$300
     Associate                            $150-$200
     Paralegals                           $100

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

Robert E. Chernicoff, shareholder of Cunningham Chernicoff &
Warshawsky, P.C., assured the Court that the firm is a
"disinterested person" as the term is defined in Section 101(14) of
the Bankruptcy Code and does not represent any interest adverse to
the Debtor and its estates.

Cunningham Chernicoff can be reached at:

     Robert E. Chernicoff, Esq.
     CUNNINGHAM CHERNICOFF & WARSHAWSKY, P.C.
     P.O. Box 60457
     Harrisburg, PA 17106-0457
     Tel: (717) 238-6570

              About Tri State Trucking Company

Tri State Trucking Company operates an over the road logistics
company hauling various freight of its customers.  It employs
approximately 50 people and operates from its headquarters located
at 16064 Route 6, Mansfield, Pennsylvania 16933.

Tri State filed Chapter 11 bankruptcy petition (Bankr. M.D. Pa.
Case No. 15-04444) on Oct. 13, 2015. William E. Robinson signed the
petition as president. The Debtor estimated assets in the range of
$10 million to $50 million and liabilities of at least $1 million.
Mette, Evans, & Woodside represents the Debtor as counsel. Judge
John J Thomas is assigned to the case.


TRIDENT BRANDS: Incurs $3.18 Million Net Loss in 2016
-----------------------------------------------------
Trident Brands Incorporated filed with the U.S. Securities and
Exchange Commission its annual report on Form 10-K disclosing a net
loss of $3.18 million on $168,042 of revenues for the 12 months
ended Nov. 30, 2016, compared to a net loss of $3.16 million on
$16,569 of revenues for the 12 months ended Nov. 30, 2015.

The Company's balance sheet at Nov. 30, 2016, showed $4.30 million
in total assets $5.84 million in total liabilities and a total
stockholders' deficit of $1.53 million.

On Sept. 26, 2016, the Company completed a long term financing with
a non-US institutional investor, receiving proceeds of $4,100,000
through the issuance of a secured convertible promissory note.  The
investor has agreed to make additional investments at the Company's
request of up to $5,900,000 ($10,000,000 in the aggregate).  On
Nov. 30, 2016, the Company had $1,527,624 in cash and has access to
$5,900,000 available from the investor.  The Company feels this
represents substantial liquid resources (cash & available
financing), sufficient to meet the Company's obligations for the
next twelve months, and as a result, the going concern disclosure
is not warranted for the year ended Nov. 30, 2016.

The Company's cash balance at Nov. 30, 2016 was $1,527,624.
Management believes the current funds available to the company will
be sufficient to fund its operations for the next twelve months.
The Company is an early growth stage company and generated $168,042
in revenue in 2016.

As of Nov. 30, 2016, the Company had a loan of $200,000 payable to
a former related party (CIC) bearing interest at 8% per annum due
March 4 2017.  The earlier loan of $180,000 plus outstanding
interest was repaid in full on Sept. 27, 2016.

The three short term loans from third parties of $200,000, $100,000
and $250,000 bearing interest at the rate of 8.0%, 8.0% and 10.0%
per annum respectively were all repaid during the last quarter of
the year ended November 30, 2016.

On Jan. 29, 2015, the Company entered into a securities purchase
agreement with a non-US institutional investor whereby we agreed to
sell an aggregate principal amount of $2,300,000 of senior secured
convertible debentures, convertible into shares of the company's
common stock.  The Company received $1,800,000 of the funds from
the transaction on Feb. 5, 2015 and the balance of $500,000 on May
14, 2015.  On Sept. 26, 2016, the Company entered into a
Convertible Promissory Note Amendment Agreement with this investor
whereby it agreed to extend the maturity date and amend the
interest payable on the senior secured convertible debentures,
whereby it extended the term of the notes through Sept. 30, 2019,
and interest rate was increased from 6% per annum to 8% per annum.
The convertible debentures are convertible into shares of the
Company's common stock at an initial conversion price of $.71 per
share for an aggregate of up to 3,239,437 shares.

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

                       https://is.gd/pbaWuy

                       About Trident Brands

Trident Brands Incorporated (f/k/a Sandfield Ventures Corp.) was
initially formed to engage in the acquisition, exploration and
development of natural resource properties, but has since
transitioned and is now focused on branded consumer products and
food ingredients.  

The Company maintains a compelling portfolio of branded consumer
products including nutritional products and supplements under the
Everlast(R) and Brain Armor(R) brands, and functional food
ingredients under the Oceans Omega brand.  These brands are focused
on the fast growing supplements and nutritional product and heart
and brain health categories, supported by an  established contract
manufacturing, supply chain and research and development
infrastructure, and a solid and proactive management  team, board
of directors and advisors with many years of experience in related
categories.


ULURU INC: Enters Into Financing Agreement with Velocitas
---------------------------------------------------------
ULURU Inc. has entered into a Note, Warrant and Preferred Stock
Purchase Agreement with Velocitas Partners, LLC and its affiliates
under which the Company is expected to receive $3,000,000 in gross
proceeds, and may receive proceeds of up to $6,000,000, in two
closings prior to the end of March 2017.

The first closing, which has occurred, included the purchase by
Velocitas of a $500,000 Secured Convertible Promissory Note with
the Initial Note accruing interest at 12.5% per annum and having a
term of two years (subject to acceleration under certain
circumstances).  The Initial Note is convertible into shares of
common stock at a conversion price of $0.04 per share, subject to
equitable adjustments under certain circumstances.  The Initial
Note is secured by all of the assets of the Company.

A second closing is expected to occur within 30 days of the initial
closing, subject to conditions precedent set forth in the purchase
agreement.  The Second Closing is expected to involve the purchase
by Velocitas of a second $500,000 Secured Convertible Note on terms
similar to the Initial Note and an equity offering that includes
the offer and sale to Velocitas of Series B Convertible Preferred
Stock for net proceeds of not less than $2,000,000 nor more than
$5,000,000, at an effective purchase price per ordinary share of
$0.04 per share.  As a condition and incentive for the financing,
the Company has agreed to issue to Velocitas a warrant to purchase
up to 57,055,057 shares of common stock with an exercise price of
$0.04 per share during a 10-year term.  Also occurring at the
closing of the Second Note, the Company has agreed to acquire the
Altrazeal distributor agreements Velocitas has with its
sub-distributors in exchange for the issuance of 13,375,000 shares
of common stock.

If the gross proceeds from the Equity Offering are less than
$4,000,000 (with such deficit being referred to as "Proceeds Gap"),
the Company is obligated to seek capital, in an amount at least
equal to the Proceeds Gap, from third parties over the next 180
days.  If the Company is unable to raise additional capital equal
to the Proceeds Gap from third parties, Bradley J. Sacks, Chairman
of the Board of Directors, entered into a "backstop" agreement and
has agreed to invest up to $2,000,000 towards the Proceeds Gap, at
a purchase price of $0.04 per share.

As part of the Financing, the Company has agreed to appoint Ms.
Vaidehi Shah to serve as the Company's chief executive officer and
to also serve as a member of the Company's Board of Directors.
Upon closing of the Equity Offering, the Company has agreed that
both Mr. Anish Shah and Ms. Oksana Tiedt will join the Company to
serve as part of the Company's executive management team and
together with Mr. Arindam Bose will also join the Company's Board
of Directors.  Ms. Shah's initial compensation will be $100,000 per
year.

Concurrent with the first closing and as a condition of the
Financing, the Company received the resignation notice from Helmut
Kerschbaumer, the Company's interim president, chief executive and
director.  The Company has also received a resignation notice from
Klaus Kuehne, a member of the Company's Board of Directors.

Commenting on the financing, Bradley J. Sacks, Chairman of the
Board of ULURU, stated, "ULURU has been undercapitalized for some
time.  The financing transaction should provide ULURU with the
necessary capital to realize on the promise of Altrazeal, both in
the near and long term.  The acquisition of the distribution rights
held by Velocitas completes the process of consolidating all
Altrazeal® primary distribution rights under a single entity.  In
addition to improving liquidity, the capital will be used to
improve and expand our commercialization activities.  This will
also place the Company in a stronger position negotiating with
strategic partners.  We are excited by the investment made by
Velocitas and look forward to the energy and focus Ms. Shah and her
team will bring to the Company."

                       About ULURU Inc.

ULURU Inc. is a specialty pharmaceutical company focused on the
development of a portfolio of wound management and oral care
products to provide patients and consumers improved clinical
outcomes through controlled delivery utilizing its innovative
Nanoflex Aggregate technology and OraDisc transmucosal delivery
system.  For further information about ULURU Inc., please visit its
website at www.uluruinc.com.  For further information about
Altrazeal, please visit our website at www.altrazeal.com.

ULURU reported a net loss of $2.69 million for the year ended
Dec. 31, 2015, following a net loss of $1.93 million for the year
ended Dec. 31, 2014.

As of Sept. 30, 2016, ULURU had $6.71 million in total assets,
$2.51 million in total liabilities and $4.19 million in total
stockholders' equity.

Lane Gorman Trubitt, PLLC, in Dallas, TX, 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, negative cash flows from operating
activities and is dependent upon raising additional funds from
strategic transactions, sales of equity, and/or issuance of debt.
The Company's ability to consummate such transactions is uncertain.
As a result, there is substantial doubt about the Company's
ability to continue as a going concern, the auditors noted.


UNIQUE VENTURES: Chapter 11 Trustee Appointment Sought
------------------------------------------------------
Andrew R. Vara, the Acting United States Trustee, files before the
U.S. Bankruptcy Court for the Western District of Pennsylvania an
Expedited Motion for Appointment of a Chapter 11 Trustee for Unique
Ventures Group, LLC.

According to the Motion, the Debtor owes more than US$1.8 million
in unpaid withholding and sales taxes. These unpaid taxes accrued
during the time that the members had control of the Debtor. Thus,
the a Chapter 11 Trustee should be appointed to take control of the
financial affairs of the Debtor to ensure the proper payment of all
taxes and other financial obligations, the U.S. Trustee asserted.

               About Unique Ventures Group

Unique Ventures Group, LLC, based in Pittsburgh, PA, filed a
Chapter 11 petition (Bankr. W.D. Pa. Case No. 17-20526) on February
13, 2017. The Hon. Thomas P. Agresti presides over the case. In its
petition, the Debtor estimated $10 million to $50 million in both
assets and liabilities. The petition was signed by Eric E. Bononi,
receiver, CEO and CRO.


UNIQUE VENTURES: U.S. Trustee Forms 7-Member Committee
------------------------------------------------------
Andrew R. Vara, Acting U.S. Trustee for Region 3, on March 2
appointed seven creditors to serve on the official committee of
unsecured creditors in the Chapter 11 case of Unique Ventures
Group, LLC.

The committee members are:

     (1) 3D Acquisitions, LP
         Attn: Vincent A. DiAntonio
         1520 Gilmore Drive
         Jefferson Hills, PA 15025
         Tel: (412) 233-5342
         E-mail: vdiantonio@aol.com

     (2) Perkins & Marie Callenders, LLC
         Attn: Andy Whiteley
         6075 Poplar Avenue, Suite 800
         Memphis, TN 38119
         Tel: (901) 766-6479
         Fax: (901) 766-6482
         E-mail: andywhiteley@prkm.c.com

     (3) Osterberg Refrigeration, Inc.
         Attn: Jessica Berry
         7965 Meadville Road
         Girard, PA 16417
         Tel. (814) 744-2975
         Fax: (814) 774-0109
         E-mail: osterrefrig@velocity.net

     (4) T & D Landscape & Lawn Care, Inc.
         Attn: Don Michaels
         1977 Sharon Hogue Road
         Masury, OH 44438
         Tel: (330) 448-1623
         E-mail: dmichaels@tdscapes.com

     (5) Cintas Corporation
         Attn: James Ford
         320 Westec Drive
         Mt. Pleasant, PA 15666
         Tel: (724) 613-5900
         Fax: (724) 696-5641
         E-mail: taylorm@cintas.com

     (6) Access Point Inc.
         Attn: Larry C. Woolard
         1100 Crescent Green
         Suite 109, Gary, NC 27518
         Tel: (919) 827-0419
         Fax: (919) 851-5422
         E-mail: accesspoint@nc.com

     (7) Thomas Quality Cleaning
         Attn: John C. Thomas
         929 Maryland Avenue
         New Castle, PA 16101
         Tel: (724) 971-3349
         E-mail: bigziggync@yahoo.com

Official creditors' committees have the right to employ legal and
accounting professionals and financial advisors, at a debtor's
expense.  They may investigate the debtor's business and financial
affairs.  Importantly, official committees serve as fiduciaries to
the general population of creditors they represent.

                  About Unique Ventures Group

Unique Ventures Group, LLC, based in Pittsburgh, PA, filed a
Chapter 11 petition (Bankr. W.D. Pa. Case No. 17-20526) on February
13, 2017.  The Hon. Thomas P. Agresti presides over the case.  In
its petition, the Debtor estimated $10 million to $50 million in
both assets and liabilities.  The petition was signed by Eric E.
Bononi, receiver, CEO and CRO.  David K. Rudov, Esq., at RudovLaw
serves as the Debtor's counsel.


UNIVISION COMMUNICATION: Fitch Rates $4.475BB Term Loan 'BB-'
-------------------------------------------------------------
Fitch Ratings has assigned a 'BB-'/'RR2' rating on Univision
Communications Inc.'s (UVN) amended and extended senior secured
credit facilities. The proposed $4.475 billion term loan C-5 will
mature in 2024 from 2020 previously. UVN has also upsized its
revolving credit facility to $850 million from $550 million and
extended its maturity to 2022 from 2018 previously. Fitch also
withdrew UVN's senior unsecured 'CCC+/RR6' rating given the
retirement of the 8.5% senior unsecured notes due 2021.

The refinancing will be neutral to leverage. Fitch views positively
UVN's improved liquidity profile due to the planned amendment and
extension of its senior secured credit facilities, which will
greatly reduce debt maturities over the next couple of years. Fitch
also recognizes UVN's recent efforts to modestly reduce leverage
with free cash flow and its intention to apply the $376 million in
proceeds from the Broadcast Spectrum Incentive Auction (BSIA),
which will be received later in 2017, towards debt reduction. Fitch
believes these efforts more strongly position UVN in the 'B' rating
category. The Rating Outlook is Stable.

Approximately $8.9 billion of debt was outstanding as of Dec. 31,
2016.

KEY RATING DRIVERS

-- Dominant Position in Hispanic Broadcasting: Fitch maintains
    a positive view on the Hispanic media sector driven by the
    U.S. Hispanic demographics' ongoing growth in numbers and
    spending power. UVN benefits from a premier industry position
    with a 60% market share of Spanish-language television viewing

    across Univision's portfolio of assets. This large and
    concentrated audience provides advertisers with an effective
    way to reach the growing U.S. Hispanic population.

-- Increased Competition in Hispanic Media: UVN's prime-time
    broadcast and cable network ratings have softened, driven by
    increased competition, particularly from NBC Universal (which
    owns Telemundo, the second largest Hispanic TV broadcast
    network); the proliferation of other high-quality Hispanic
    media content; and the more secular impact of declining
    traditional television audiences. However, UVN currently has
    incumbent advantage and dominant market presence. Fitch views
    positively UVN and Televisa's announcement on January 17 to
    unify content development and production under UVN's
    management. Fitch believes this will enable the two companies
    to revitalize content and enable it to grow amid these
    increasing pressures. Fitch believes the company's efforts to
    re-align and invest in content and garner new distribution
    deals is prudent, particularly to the extent that it targets
    younger English-speaking and second generation Hispanics.


-- Improved Credit Metrics: UVN's total leverage was 7.0x as of
    Dec. 31, 2016, down from 8.8x and at year-end 2014. Most of
    the reduction stems from Grupo Televisa, S.A.B.'s 2015
    conversion of $1.125 billion of the holding company
    subordinated debentures into warrants for a new class of UVN's

    common stock. UVN's total debt declined an additional $438
    million in fiscal year (FY) 2016 stemming from the company's
    retirement of its 8.5% senior notes due 2021 with a
    combination of cash and borrowings. The resultant reduction
    in interest expense, combined with operating cash flow growth,

    has greatly improved UVN's FCF. Fitch estimates that UVN
    generated $472 million in FCF for FY 2016, up from $55 million

    in FY 2015. Fitch expects credit metrics will further improve
    in 2017 as UVN applies the $376 million in proceeds received
    from the BSIA towards debt reduction.

-- Digital Investment a Credit Positive: UVN's management is
    focused on creating scale in its digital segment. In September

    2016, UVN acquired Gawker's digital media assets for $135
    million. In January 2016, UVN purchased a 40.5% stake in The
    Onion, a comedy news website, for $27.1 million. Finally, in
    2015, UVN purchased The Root, an African-American news and
    culture website for an undisclosed amount. Fitch views the
    diversification into digital as a long-term positive for the
    company's credit profile as it provides some offset to the
    long-term secular risks facing television broadcasters.

-- Retransmission Fees and Programming Costs: Fitch believes
    UVN's growth in high-margin retransmission revenue and cost
    management efforts will provide an offset to rising programing

    investments. Long-term, Fitch believes positive operating
    leverage from top-line growth, specifically in high-margin
    retransmission revenue, will support continued content and
    digital investments, with EBITDA margins in the low 40% range.

-- Possible Deleveraging Event: UVN filed an S-1 for a planned
    IPO in July 2015. Timing of the IPO remains uncertain and
    continues to be delayed due to weak market conditions.

KEY ASSUMPTIONS

-- Low-single digit growth in Media Networks (TV). Low single
    digit growth in core TV advertising revenues reflects
    increased competition in the Hispanic media space. TV revenue
    growth will be supported by increases in retransmission fees,
    cable affiliate fees and digital revenues, as well as 'big
    soccer' tournaments during periods when they air. Political
    advertising offers minimal upside every other year.

-- Radio is expected to continue to experience low-to-mid single
    digit decline in revenues, reflecting Fitch's view for
    continued secular pressure.

-- Fitch expects total EBITDA margin in the low 40% range. This
    reflects the positive impact of growing, higher-margin
    retransmission revenues and higher other subscription fees
    offset by our expectation of increases in programming expenses

    in the Media Networks segment.

-- Fitch expects increased FCF generation driven by continued
    EBITDA growth

-- Fitch assumes $376 billion in proceeds from Broadcast
    Incentive Spectrum Auction will be used to repay debt.

RATING SENSITIVITIES

Positive: Fitch would consider an upgrade if total leverage falls
below 6.0x, and management demonstrates a willingness to remain at
this level. Fitch expects deleveraging could occur through EBITDA
growth, as well as modest debt reduction from FCF and any potential
IPO proceeds.

Negative: Negative ratings actions could occur if operating results
and FCF are materially lower than Fitch's expectations. This would
be contradictory to Fitch's constructive view on the Spanish
language broadcasting industry and UVN's positioning within it and
could indicate that the company is more susceptible to secular
challenges than previously anticipated.

LIQUIDITY

Fitch recognizes Univision's improved liquidity profile pro forma
for the amendment and extension of its senior secured credit
facilities, which will greatly reduce maturities over the next
couple of years. The proposed $4.475 billion term loan C-5 will
mature in 2024, extended from 2020 previously. UVN also upsized its
revolving credit facility to $850 million from $550 million and
extended its maturity to 2022 from 2018 previously.

As of Dec. 31, 2016, liquidity consisted of $67 million in cash and
availability under its revolving facility capacity. UVN has
increased free cash flow generation over the last 12 months,
benefiting from the return of political revenues in 2016, operating
cash flow growth and lower interest payments on refinanced debt.
Fitch calculates FCF of $472 million for FY 2016.

UVN's $400 million accounts receivable (AR) securitization facility
($100 million AR term facility and $300 million AR revolver)
matures in 2018 and was fully drawn as of Dec. 31, 2016. Fitch
expects that UVN will seek to refinance its facility.

FULL LIST OF RATING ACTIONS

Fitch currently rates Univision Communications, Inc. as follows:

-- Long Term Issuer Default Rating (IDR) 'B';

-- Senior secured 'BB-'/'RR2'.

The Rating Outlook is Stable.


VALENCIA COLLEGE: April 18 Plan Confirmation Hearing
----------------------------------------------------
The Hon. Cynthia C. Jackson of the U.S. Bankruptcy Court for the
Middle District of Florida has conditionally approved Valencia
College Shopping Center, Ltd.'s disclosure statement referring to
the Debtor's plan of reorganization.

An evidentiary hearing will be held on April 18, 2017, at 2:45 p.m.
to consider the final approval of the Disclosure Statement and
confirmation of the Plan.  

Objections to the Disclosure Statement or to the plan confirmation
must be filed no later than seven days before the date of the
Confirmation Hearing.

Creditors and other parties in interest must file their written
acceptances or rejections of the Plan (ballots) no later than seven
days before the date of the Confirmation Hearing.

The Debtor will file a ballot tabulation no later than four days
before the date of the Confirmation Hearing.
All creditors and parties-in-interest that assert a claim against
the Debtor which arose after the filing of this case, including all
attorneys, accountants, auctioneers, appraisers, and other
professionals for compensation from the estate of the Debtor must
timely file applications for the allowance of the claims with the
Court allowing at least 21 days notice time prior to the date of
the Confirmation Hearing.

An election pursuant to 11 U.S.C. Section 1111(b) must be filed no
later than 7 days before the date of the Confirmation Hearing.

              About Valencia College Shopping Center

Valencia College Shopping Center, Ltd., filed a Chapter 11
bankruptcy petition (Bankr. M.D. Fla. Case No. 16-01611) on March
10, 2016.  The petition was signed by Kyungho So, general manager.
Judge Lena M. James presides over the case.  The Debtor disclosed
$1.93 million in assets and $99,434 in liabilities.

The Debtor is represented by Jeffrey Ainsworth, Esq., and Robert B.
Branson, Esq., at Branson PLLC.

No official committee of unsecured creditors has been appointed in
the Chapter 11 case.


VANGUARD HEALTHCARE: Unit Taps New Century as Financial Advisor
---------------------------------------------------------------
Whitehall OpCo, LLC, seeks authority from the U.S. Bankruptcy Court
for the Middle District of Tennessee to employ New Century Capital
Partners, Inc. as its financial advisor.

Whitehall OpCo requires New Century to:

   a. develop a strategy and tactics to be used in evaluating
      Whitehall's alternatives in the market, and assist
      Whitehall in evaluating the timing of and approach to
      exploring potential transactions;

   b. work with Whitehall to prepare a Confidential Information
      Memorandum or similar marketing materials describing
      Whitehall and the opportunities that it may provide to
      prospective purchasers, as well as an appropriate non-
      disclosure agreement for marketing to potential purchasers,
      all of which shall be reviewed for accuracy and
      completeness and approved by Whitehall;

   c. identify potential purchases, develop a strategy for
      positioning the opportunity and approach each of the
      potential purchasers, and create a competitive process by
      contracting each of the prospective purchasers;

   d. leverage New Century's relationships with prospective
      purchasers to add credibility to any sale process and
      accelerate the time required to solicit initial indications
      of interest for sales;

   e. assist Whitehall in structuring transactions and advise
      Whitehall on strategic issues related to transactions;

   f. provide analysis and advice in connection with the
      consideration of offers received for each business or
      facility and assist Whitehall in negotiating letters of
      intent or similar documents;

   g. assist Whitehall in the management of the due diligence
      process for the sale of any facilities, including
      organizing and maintaining the due diligence materials,
      attending and supervising due diligence sessions and
      management presentations, and supervising the document
      production process;

   h. assist Whitehall in selecting qualified parties to meet
      with Whitehall for a management presentation;

   i. assist Whitehall in the negotiation of definitive
      agreements with prospective purchasers and coordinate with
      Whitehall's legal counsel to structure transaction
      documents; and

   j. provide such other financial advisory and investment
      banking services as may from time to time be specifically
      agreed upon by New Century and Whitehall.

New Century will be paid a Transaction Success Fee.  Specifically,
concurrent with the closing of any Transaction, as defined in the
Engagement Letter, Whitehall will pay New Century 2% of the
Enterprise Value for each Transaction.

New Century has previously been paid $54,000 for its services
related to the sale of assets of Vanguard of Crestview, LLC.

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

Aaron Keas, managing director of New Century Capital Partners,
Inc., assured the Court that the firm is a "disinterested person"
as the term is defined in Section 101(14) of the Bankruptcy Code
and (a) are not creditors, equity security holders or insiders of
the Debtor; (b) have not been, within two years before the date of
the filing of the Debtor's chapter 11 petition, directors, officers
or employees of the Debtor; and (c) do not have an interest
materially adverse to the interest of the estate or of any class of
creditors or equity security holders, by reason of any direct or
indirect relationship to, connection with, or interest in, the
Debtor, or for any other reason.

New Century can be reached at:

     Aaron Keas
     NEW CENTURY CAPITAL PARTNERS, INC.
     1510 Eleventh Street, Suite 203
     Santa Monica, CA 90401
     Tel: (310) 451-9073
     Fax: (310) 451-9092

              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.



VANITY SHOP: Hires Vogel as Bankruptcy Counsel
----------------------------------------------
Vanity Shop of Grand Forks, Inc., seeks authority from the U.S.
Bankruptcy Court for the District of North Dakota to employ Vogel
Law Firm as counsel to the Debtor.

Vanity Shop requires Vogel to:

   a. provide legal advice regarding local rules, practices,
      precedent and procedures and providing substantive and
      strategic advice on how to accomplish the Debtor's goals in
      connection with the prosecution of the bankruptcy case;

   b. appear in Court, depositions, and at any meeting with the
      U.S. Trustee and any meeting of creditors at any given time
      on behalf of the Debtors as its counsel;

   c. attend meetings and negotiating with representative of
      creditors and other parties in interest;

   d. negotiate, draft, review, comment and prepare agreements,
      pleadings, documents and discovery materials to be filed
      with the Court as counsel to the Debtor and served on
      parties or third parties in this Chapter 11 case,
      including, among other things, sale motions and related
      agreements, chapter 11 plan and disclosure statement and
      related documents;

   e. advise and assist the Debtor with respect to the reporting
      requirements of the United States Trustee;

   f. take all necessary actions to protect and preserve the
      Debtor's estate, including prosecuting actions on the
      Debtor's behalf, defending any action commenced against the
      Debtor, and represent the Debtor in negotiations concerning
      litigation, sale proceedings, in which the Debtor is
      involved, including objections to claims filed against the
      Debtor's estate;

   g. perform various services in connection with the
      administration of these cases, including, without
      limitation, (i) notices of fee applications and hearings
      and agendas, (ii) monitoring the docket for filings and
      pending matters that need responses, (iii) monitor pending
      applications, motions, hearing dates and other matters and
      the deadlines associated with the same, (iv) generally
      prepare and assist in preparation, and file on behalf of
      the Debtor all necessary motions, notices, applications,
      answers, orders, reports and papers in support of positions
      taken by the Debtor, and (v) handling inquiries and calls
      from creditors and counsel to interested parties regarding
      pending matters and the general status of the Chapter 11
      case and any necessary responses; and

   h. perform all other services assigned by the Debtor, as
      counsel to the Debtor.

Vogel will be paid at these hourly rates:

     Partners                   $295
     Associates                 Variable
     Paralegals                 $150-$160

The Debtor paid a retainer of $200,000 to Vogel which was deposited
in Vogel's Trust Account and applied to pre-petition legal services
rendered and expenses advanced on the Debtor's behalf by Vogel.
Retainer funds in the amount of $120,000 are remaining.

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

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

Vogel can be reached at:

     Caren Stanley, Esq.
     VOGEL LAW FIRM
     218 NP Avenue
     Fargo, ND 58107
     Tel: (701) 237-6983

              About Vanity Shop of Grand Forks, Inc.

Vanity Shop of Grand Forks, Inc., based in Fargo, ND, filed a
Chapter 11 petition (Bankr. D.N.D. Case No. 17-30112) on March 1,
2017. The Hon. Shon Hastings presides over the case. Caren Stanley,
Esq., at Vogel Law Firm, to serve as bankruptcy counsel.

In its petition, the Debtor estimated $50,000 to $100,000 in assets
and $10 million to $50 million in liabilities. The petition was
signed by James Bennett, chairman of the Board of Directors.


VERITEQ CORP: Needs More Financing to Continue as a Going Concern
-----------------------------------------------------------------
Veriteq Corporation filed with the U.S. Securities and Exchange
Commission its quarterly report on Form 10-Q, disclosing a net loss
of $2.66 million on $1.53 million of total revenue for the
three-months ended September 30, 2016, compared to a net income of
$2,844 on $1.85 million of total revenue for the same period in
2015.

For the nine months ended September 30, 2016, the Company recorded
a net loss of $3.10 million on $5.01 million of total revenue,
compared to a net loss of $ 168,826 on $5.23 million of total
revenue for the same period last year.

The Company's balance sheet at September 30, 2016, showed $1.11
million in total assets, $18.68 million in total liabilities,
series D preferred stock of $1.40 million, and total stockholders'
deficit of $18.97 million.

At September 30, 2016, the Company had a stockholders' deficit of
$18,966,316 and a working capital deficiency of $17,586,836.  For
the nine months ended September 30, 2016 the net loss totaled
$3,097,296.  The net cash used in operating activities for the nine
months ended September 30, 2016 totaled $361,671.  These matters
raise substantial doubt about the Company’s ability to continue
as a going concern.  The ability of the Company to continue as a
going concern is dependent upon increasing sales and obtaining
additional capital and financing.  While the Company believes in
the viability of its strategy to increase sales volume there can be
no assurances to that effect.  The Company's limited financial
resources have prevented the Company from aggressively advertising
its products to achieve increased consumer recognition

The Company reported a net decrease in cash for the nine months
ended September 30, 2016 of $69,169.  While the Company currently
have no material commitments for capital expenditures, at September
30, 2016 it owed approximately $760,000 under mortgage notes
payable, $278,000 under a line of credit, approximately $5.3
million (including related party notes of $250,000) but gross
before consideration of discounts and premiums under notes payable,
$3.3 million principal under subordinated debt (recorded at fair
value of $300,600), and $4,500,000 in accounts payable and accrued
expenses.

The Company's net sales are not sufficient to fund its operating
expenses.  The Company will need to raise significant additional
capital to fund its operating expenses, pay its obligations, and
grow the company.  The Company reported a net loss of $3,097,296
during the nine months ended September 30, 2016.  The Company does
not anticipate it will be profitable in 2016.  Therefore its
operations will be dependent upon its ability to secure additional
financing.  Financing transactions may include the issuance of
equity or debt securities, obtaining credit facilities, or other
financing mechanisms.  Even if the Company is able to raise the
funds required, it is possible that the Company will incur
unexpected costs and expenses, fail to collect significant amounts
owed to them, or experience unexpected cash requirements that would
force them to seek alternative financing.  The inability to obtain
additional capital may restrict Company's ability to grow and may
reduce its ability to continue to conduct business operations.  If
the Company is unable to obtain additional financing, it will
likely be required to curtail its marketing and development plans
and possibly cease its operations.  Furthermore, the Company has
debt obligations which must be satisfied.  If the Company is
successful in securing additional working capital, it intends to
increase its marketing efforts to grow its revenues.  The Company
does not presently have any firm commitments for any additional
capital and its financial condition as well as the uncertainty in
the capital markets may make its ability to secure this capital
difficult.  There are no assurances that the Company will be able
to continue its business, and it may be forced to cease operations
in which event investors could lose their entire investment in the
company.

A full-text copy of the Company's Form 10-Q is available at:
                
                   https://is.gd/tT6KwH

VeriTeQ (formerly known as Digital Angel Corporation) develops
innovative, proprietary RFID technologies for implantable medical
device identification, and dosimeter technologies for use in
radiation therapy treatment.  VeriTeQ --
http://www.veriteqcorp.com/-- offers the world's first FDA cleared
RFID microchip technology that can be used to identify implantable
medical devices, in vivo, on demand, at the point of care.
VeriTeQ's dosimeters provide patient safety mechanisms while
measuring and recording the dose of radiation delivered to a
patient in real time.



VPH PHARMACY: U.S. Trustee Forms 3-Member Committee
---------------------------------------------------
The U.S. trustee for Region 9 on March 3 appointed three creditors
of VPH Pharmacy, Inc., to serve on the official committee of
unsecured creditors.

The committee members are:

     (1) Ray Ebersole
         Medication Managers LLC
         P.O. Box 377
         Mason, Ohio 45040
         Phone: 513-632-7960
         Fax: 513-766-7431
         Email: Ebersoleray@gmail.com

     (2) John Cafiero
         QK Healthcare, Inc.
         35 Sawgrass Dr. #3
         Bellport, New York 11713
         Phone: 631-439-2308
         Email: jcafiero@qkd.com

     (3) Monica Normand
         Manchac Technologies, LLC
         1501-A Wimbledon Dr.
         Alexandria, Louisiana 71301
         Phone: 318-416-5305
         Fax: 318-445-1268
         Email: monica.normand@manchac.com

Official creditors' committees have the right to employ legal and
accounting professionals and financial advisors, at a debtor's
expense. They may investigate the debtor's business and financial
affairs. Importantly, official committees serve as fiduciaries to
the general population of creditors they represent.

                        About VPH Pharmacy

VPH Pharmacy, Inc. filed a Chapter 11 bankruptcy petition (Bankr.
E.D. Mich. Case No. 17-30077) on January 13, 2017.  The Hon. Daniel
S. Opperman presides over the case.

The Dragich Law Firm PLLC represents the Debtor as counsel.  Dalto
Consulting, Inc. is the Debtor's financial advisor.

In its petition, the Debtor estimated $1 million to $10 million in
both assets and liabilities. The petition was signed by Amee Patel,
attorney in fact for Devenkumar C. Patel, sole shareholder.


VRG LIQUIDATING: Hires KPMG as Tax Service Provider
---------------------------------------------------
VRG Liquidating, LLC, et al., seek authority from the U.S.
Bankruptcy Court for the District of Delaware to employ KPMG LLP as
tax compliance and consulting service provider to the Debtors.

VRG Liquidating requires KPMG to:

   (a) Tax Compliance Services:

       -- prepare federal, state and local tax returns and
          supporting schedules for the 2016 and 2017 tax years;
          and

   (b) Tax Consulting Services:

       -- provide general tax consulting services for matters
          that may arise for which the Debtors seek KPMG's
          advice, written or oral, that are not the subject of a
          separate engagement letter.

KPMG will be paid at these hourly rates:

       Tax Compliance Services               Rate

     Partners/Managing Directors             $1,125
     Senior Managers                         $925
     Managers                                $775
     Senior Associates                       $525
     Associates                              $425
     Paraprofessionals                       $275

       Tax Consulting Services               Rate

     Partners/Managing Directors             $732
     Senior Managers                         $601
     Managers                                $504
     Senior Associates                       $342
     Associates                              $277
     Paraprofessionals                       $179

As of the Petition Date, approximately $400,000 was outstanding
with respect to professional services rendered to the Debtors, and
expenses incurred by KPMG in connection therewith, prior to the
Petition Date.

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

Jonathan Woehrle, partner of KPMG LLP, assured the Court that the
firm is a "disinterested person" as the term is defined in Section
101(14) of the Bankruptcy Code and (a) are not creditors, equity
security holders or insiders of the Debtor; (b) have not been,
within two years before the date of the filing of the Debtor's
chapter 11 petition, directors, officers or employees of the
Debtor; and (c) do not have an interest materially adverse to the
interest of the estate or of any class of creditors or equity
security holders, by reason of any direct or indirect relationship
to, connection with, or interest in, the Debtor, or for any other
reason.

KPMG can be reached at:

     Jonathan Woehrle
     KPMG LLP
     1676 International Drive
     McLean, VA 22102
     Tel: (703) 286-8000
     Fax: (703) 286-8010

              About VRG Liquidating, LLC

Vestis Retail Group and eight of its affiliates filed Chapter 11
bankruptcy petitions (Bankr. D. Del. Lead Case No. 16-10971) on
April 18, 2016. The Debtors estimated assets in the range of $0 to
$50,000 and debts of $100 million to $500 million. The petitions
were signed by Thomas A. Kennedy as secretary.

Headquartered in Meriden, Connecticut, Vestis Retail Group, LLC, et
al., operate 144 retail stores, which are located in 15 states.
Bob's Stores operates 36 stores throughout New England, New York,
and New Jersey. Eastern Mountain Sports operates 61 stores, located
primarily in the Northeastern states. Sport Chalet operates 47
stores throughout California, Arizona, and Nevada. Bob's Stores and
EMS primarily operate stores located in the Northeastern states,
while Sport Chalet's stores, which are currently being liquidated,
are located in the Western states.

Prior to the Petition Date, each of the three Debtor retailers
operated an e-commerce site at, respectively, www.bobstores.com,
www.sportchalet.com, and www.ems.com. In 2015, the Debtors
collectively generated 5% of their total sales, or approximately
$32 million, through e-commerce, according to Court documents.

Judge Laurie Selber Silverstein is assigned to the cases.

The Debtors have hired Young, Conaway, Stargatt & Taylor, LLP as
their counsel, FTI Consulting, Inc. and Lincoln Partners Advisors
LLC as their financial advisor and Kurtzman Carson Consultants,
LLC, as their claims and noticing agent, KPMG LLP as tax compliance
and consulting service provider.

An official committee of unsecured creditors has been appointed in
the cases. The Committee has tapped Cooley LLP as its lead counsel
and Polsinelli as conflicts counsel. Zolfo Cooper, LLC serves as
its bankruptcy consultant and financial advisor.


WARREN BOEGEL: Hartland Buying Kearny County Property for $1.4M
---------------------------------------------------------------
Warren L. Boegel, Trustee of the Warren L. Boegel Trust, under
Agreement dated Feb. 7, 2007, asks the U.S. Bankruptcy Court for
the District of Kansas to authorize the sale of a parcel of land
located in Section 3, Township 25 South, Range 36 West of the 6th
P.M. in Kearny County, Kansas, to Hartland Farms for $1,382,500.

The Buyer entered into a pre-petition contract for the purchase of
the Real Property from the Debtor/Revocable Trust for the sum of
$1,382,500.  The real estate purchase contract has been filed of
record with the Clerk of the United States Bankruptcy Court.  The
Real Property will be sold free and clear of all liens and
encumbrances of record, with liens to attach to the proceeds.  

The Real Property will be specifically sold free and clear of
these:

         a. Real Estate Mortgage dated June 7, 2007 from Warren L.
Boegel Trust to Rabo AgriFinance, Inc., a Delaware corporation, in
the amount of $757,000 recorded June 7, 2007 at 4:45 p.m. in Book
220, Page 652;

         b. Mortgage, Assignment of Rents and Security Agreement
dated Dec. 2, 2013, from Boegel Farms, LLC, a Kansas limited
liability company and Warren L.  Boegel, as Trustee of the Warren
L. Boegel Trust, under Agreement dated Feb. 7, 2007, and Amended
and Restated Nov. 12, 1013 to Rabo AgriFinance in the amount of
$15,000,000, recorded Dec. 20, 2013, at 8:35 a.m. in Book 257 Page
720;

         c. Mortgage, Assigrunent of Rents and Security Agreement
dated May 28, 2015, from Warren L. Boegel, as Trustee of the Warren
L. Boegel Trust, under Agreement dated Feb. 7, 2007, and Amended
and Restated Nov. 12, 2013 and Boegel Farms to Rabo AgriFinance,
Inc. in the amount of $14,000,000, recorded July 22, 2015 at 11:32
a.m. in Book 268 Page 180;

         d. Mortgage, Assigrunent of Rents and Security Agreement
dated Aug. 19, 2016, from Warren L. Boegel as Trustee of the Warren
L. Boegel Trust under Agreement dated Feb. 7, 2007, and Amended and
Restated Nov. 12, 2013 and Boegel Farms to Rabo AgriFinance in the
amount of $757,000 recorded Dec. 29, 2016 at 10:15 a.m. in Book 276
Page 380;

         e. Tax liens of Kearny County Treasurer, however, such
taxes will be paid at closing, including taxes for the second half
of 2016 in the amount of $6,372; and

         f. Lis pendens lien of an action filed in Kearny County,
Kansas, Case No. 2017-CV-02, Security State Bank v. Boegel, et al.

The sale will be subject to the payment of title insurance
expenses, closing costs, typical recording fees, realtor fees to
Hutcheson Real Estate & Auction Co. and prorated taxes.

Time is of the essence.  Pursuant to the contract, the closing of
the sale is to occur on March 15, 2017.

The Debtor submits that the sale of Real Property is in the best
interest of the bankruptcy estate and should be approved.
Wherefore, the Debtor prays for appropriate relief.

Counsel for the Debtor:

          Edward J. Nazar, Esq.
          HINKLE LAW FIRM, LLC
          301 North Main, Suite 2000
          Wichita, Kansas 67202-4820
          Telephone: (316) 267-2000
          Facsimile: (316) 264-1518

Warren L. Boegel sought Chapter 11 protection (Bankr. D. Kan. Case
No. 17-10224) on Feb. 24, 2017.  The Debtor tapped Edward J. Nazar,
Esq., at Hinkle Law Firm, LLC as counsel.


WET SEAL: CPO Recommends Limited PII Transfer
---------------------------------------------
Elise S. Frejka, the Consumer Privacy Ombudsman appointed for The
Wet Seal, LLC, files a Report before the U.S. Bankruptcy Court for
the District of Delaware on March 2, 2017.

The CPO recommends the Bankruptcy Court approve the proposed sale
and transfer of the Debtors' intellectual property and related
customer lists and other customer-related information, subject to
the recommendation that:

     (1) the following Personally Identifiable Information (PII)
and customer-related information may not be transferred to the
Purchaser: (a) The email address of any consumer who unsubscribed
from receiving marketing communications from the Debtors, and (b)
The email address of any consumer who (i) never opted-in to receive
marketing communications from the Debtors and (ii) has not made a
purchase from www.wetseal.com during the 18-month period prior to
February 28, 2017 and together with the Unsubscribe Consumers.

     (2) the Purchaser agrees to (i) become the
successor-in-interest to the Debtors' privacy policy that was in
effect on the February 2, 2017 Petition Date or on terms that are
at least as protective of consumer privacy; (ii) adhere to all
material terms of the Debtors' privacy policy; and (iii) be liable
for any violation of the Debtors' privacy policy after the closing
of the Sale;

     (3) the Purchaser agrees that, prior to making any material
change to the Debtors' privacy policy, including changes to the use
or disclosure of Personally Identifiable Information, the Purchaser
will, to the extent required by applicable law: (i) provide
consumers with notice of the proposed change; (ii) direct consumers
to the Purchaser’s privacy policy; and (iii) provide each
consumer with the opportunity to opt-in to the proposed change to
the privacy policy with any such modifications only being binding
on those consumers who opt-in;

     (4) the Purchaser agrees to safeguard all Personally
Identifiable Information in a manner consistent with industry
standard data security protections and applicable information
security laws and best practices.

     (5) the Purchaser agrees to destroy all Personally
Identifiable Information for which it determines it has no
reasonable business need; and

     (6) the Debtors file a certification with the Bankruptcy Court
within 30 days of the closing of the Sale representing that the
Non-Transferable Consumer Emails were anonymized or deleted and
that the Non-Transferable Consumer Emails were not transferred to
the Purchaser.

The Ombudsman believes that the recommendations adequately address
the transfer of Personally Identifiable Information in a manner
that protects consumers' Personally Identifiable Information while
facilitating the Sale for the benefit of the Debtors' estate and
stakeholders. The PCO added that the proposed limitation with
respect to the Non-Transferable Consumer Emails gives effect to the
Debtors' Privacy Policy and aligns with consumer expectations.

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

     http://bankrupt.com/misc/deb17-10229-221.pdf

                  About The Wet Seal

The Wet Seal, LLC, and its affiliates are a national multi-channel
specialty retailer selling fashion apparel and accessory items
designed for female customers aged 18 to 24 years old. They are
currently comprised of two primary units: the retail store business
and an e-commerce business. Through their retail store business,
they operate approximately 142 retail locations in 37 states,
principally in lease-based mall locations. They also have
historically sold gift cards, which business has been primarily
operated through The Wet Seal Gift Card, LLC.

The Wet Seal, LLC, also known as The Wet Seal (2015), LLC, sought
Chapter 11 protection (Bankr. D. Del. Case No. 17-10229) on Feb. 2,
2017. The petitions were signed by Judd P. Tirnauer, executive vice
president and chief financial officer.

The cases are assigned to Judge Christopher S. Sontchi.

The Debtors estimated assets in the range of $10 million to $50
million and $50 million to $100 million in debt.

The Debtors tapped Robert S. Brady, Esq., Michael R. Nestor, Esq.,
Jaime Luton Chapman, Esq., Andrew L. Magaziner, Esq., of the Young
Conaway Stargatt & Taylor, LLP, as counsel. They also tapped
Berkeley Research Group, LLC, as financial advisors; Hilco IP
Services, LLC dba Hilco Streambank as intellectual property
disposition consultant; and Donlin, Recano & Company as claims and
noticing agent.

The Official Committee of Unsecured Creditors tapped Cooley LLP and
Saul Ewing LLP as its attorneys.


WET SEAL: Gordon Brothers Wins Bankruptcy Auction
-------------------------------------------------
Lillian Rizzo and Patrick Fitzgerald, writing for The Wall Street
Journal Pro Bankruptcy, reported that Judge Christopher S. Sontchi
of the U.S. Bankruptcy Court in Wilmington, Del., signed off on
Gordon Brothers' $3 million purchase of teen retailer Wet Seal
LLC's brand name after a competitive auction.

According to the report, citing court papers, Judge Sontchi
authorized the Boston-based company to purchase Wet Seal's
intellectual-property assets, including trademarks, a website and
domain names.

Gordon Brothers said in a statement that it plan for Wet Seal is
"to rebuild and reposition the brand" for the future, according to
the Journal.

The WSJ related that Gordon Brothers beat out two rival bidders at
the auction, including YM Inc., whose $1.5 million offer set the
floor price for the assets.  Court papers say the auction went
through 20 rounds of bidding before YM, a Canadian apparel company,
dropped out at $2.95 million, the report further related.

Wet Seal is selling its brand, as well as the Arden B, Blink and
Chic Boutique brands, after failing to find a buyer or investor to
keep its brick-and-mortar presence alive, the report said.

                       About The Wet Seal

The Wet Seal, LLC, and its affiliates are a national multi-channel
specialty retailer selling fashion apparel and accessory items
designed for female customers aged 18 to 24 years old.  They are
currently comprised of two primary units: the retail store
business and an e-commerce business.  Through their retail store
business, they operate approximately 142 retail locations in
37 states, principally in lease-based mall locations.  They also
have historically sold gift cards, which business has been
primarily operated through The Wet Seal Gift Card, LLC.

The Wet Seal, LLC, also known as The Wet Seal (2015), LLC, sought
Chapter 11 protection (Bankr. D. Del. Case No. 17-10229) on Feb.
2,

2017.  The petitions were signed by Judd P. Tirnauer, executive
vice president and chief financial officer.

The cases are assigned to Judge Christopher S. Sontchi.

The Debtors estimated assets in the range of $10 million to $50
million and $50 million to $100 million in debt.

The Debtors tapped Robert S. Brady, Esq., Michael R. Nestor, Esq.,
Jaime Luton Chapman, Esq., Andrew L. Magaziner, Esq., of the Young
Conaway Stargatt & Taylor, LLP, as counsel. They also tapped
Berkeley Research Group, LLC, as financial advisors; Hilco IP
Services, LLC dba Hilco Streambank as intellectual property
disposition consultant; and Donlin, Recano & Company as claims and
noticing agent.

The Official Committee of Unsecured Creditors tapped Cooley LLP
and
Saul Ewing LLP as its attorneys.


WHICKER ASSET: Hires Pronske Goolsby as Counsel
-----------------------------------------------
Whicker Asset Management, LLC, et al., seek authority from the U.S.
Bankruptcy Court for the Northern District of Texas to employ
Pronske Goolsby & Kathman, P.C. as counsel to the Debtors.

Whicker Asset requires Pronske Goolsby to:

   (a) provide legal advice with respect to the Debtors' powers
       and duties as debtors-in-possession in the continued
       operation of its business and the management of its
       property;

   (b) take all necessary action to protect and preserve the
       Debtors' estate, including the prosecution of actions on
       behalf of the Debtors, the defense of any actions
       commenced against the Debtors, negotiations concerning
       litigation in which the Debtors are involved, and
       objections to claims filed against the Debtors' estate;

   (c) prepare on behalf of the Debtors necessary motions,
       answers, orders, reports, and other legal papers in
       connection with the administration of its estate;

   (d) assist the Debtors in preparing for and filing a
       disclosure statement in accordance with section 1125 of
       the Bankruptcy Code;

   (e) assist the Debtors in preparing for and filing a plan of
       reorganization at the earliest possible date;

   (f) perform any and all other legal services for the Debtors'
       in connection with the Debtors' Chapter 11 Cases; and

   (g) perform such legal services as the Debtors' may request
       with respect to any matter, including, but not limited to,
       corporate finance and governance, contracts, antitrust,
       labor, and tax.

Pronske Goolsby will be paid at these hourly rates:

     Partners                   $365-$600
     Associates                 $195-$120
     Legal Assistants           $120

Prior to the Petition Date, Pronske Goolsby received a $75,000
retainer from the Debtors on February 9, 2017 and an additional
$10,000 on February 15, 2017 prior to filing the bankruptcy
petitions. Pronske Goolsby deposited the funds into its IOLTA trust
account. Prior to the filing of the Petition for the Debtors,
Pronske Goolsby drew down $34,034.32 on February 13, 2017, $867.92
on February 14, 2017, and $6,862.58 on February 15, 2017 for work
performed in preparation of these bankruptcy filings, leaving a
retainer balance of $43,235.18.

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

Melanie P. Goolsby, shareholder of Pronske Goolsby & Kathman, P.C.,
assured the Court that the firm is a "disinterested person" as the
term is defined in Section 101(14) of the Bankruptcy Code and does
not represent any interest adverse to the Debtors and their
estates.

Pronske Goolsby can be reached at:

     Melanie P. Goolsby, Esq.
     PRONSKE GOOLSBY & KATHMAN, P.C.
     901 Main Street, Suite 610
     Dallas, TX 75202
     Tel: (214) 658-6500
     Fax: (214) 658-6509
     E-mail: mgoolsby@pgkpc.com

              About Whicker Asset Management, LLC

Whicker Asset Management, LLC, and Whicker Real Estate Holdings,
LLC, both based in Garland, TX, filed a Chapter 11 petition (Bankr.
N.D. Tex. Lead Case No. 17-30584) on February 15, 2017. The Hon.
Barbara J. Houser (17-30584), and Stacey G. Jernigan (17-30585)
presides over the case. Melanie P. Goolsby, Esq., and Jason Patrick
Kathman, Esq., at Pronske Goolsby & Kathman, P.C., to serve as
bankruptcy counsel.

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


WORLD MARKETING: WARN Class' Application for Damages Granted
------------------------------------------------------------
Judge Timothy A. Barnes of the United States Bankruptcy Court for
the Northern District of Illinois, Eastern Division, granted the
application by the WARN class representatives seeking allowance and
payment for an administrative claim for damages under the Worker
Adjustment and Retraining Notification Act (WARN Act).

The application alleged that the class of WARN Act claimants is
entitled to an administrative claim arising from the termination of
employees by the debtors, World Marketing Chicago, LLC, World
Marketing Dallas, LLC, and World Marketing Atlanta, LLC, after
September 28, 2015, the date on which the bankruptcy cases were
commenced.  Such termination, the WARN class argued, violates the
WARN Act, as it occurred without the notice required therein.  The
WARN Class further alleged that the damages under the WARN Act have
therefore arisen and are entitled to administrative priority under
11 U.S.C. section 503(b)(1)(A)(ii).

The Trustee opposed the application, arguing that notice was not
required as the debtors were liquidating.  The Trustee also
contended that damages, if any, are prepetition in nature, and
therefore not administrative.

Judge Barnes found that the WARN Class has satisfied its required
burden and proven that the class claim is entitled to
administrative priority based on the violation of the WARN Act by
the debtors.  The judge also found that the liquidating fiduciary
exception which was relied upon by the Trustee is inapplicable to
the case.

A full-text copy of Judge Barne's February 24, 2017, memorandum is
available at:

             http://bankrupt.com/misc/ilnb15-32968-776.pdf

                About World Marketing Chicago

Headquartered in Milwaukee, Wisconsin, World Marketing Chicago,
LLC, offers marketing consulting and mailing services.  World
Marketing Chicago, LLC (Bankr. N.D. Ill. Case No. 15-32968), and
affiliates World Marketing Atlanta, LLC (Bankr. N.D. Ill. Case No.
15-32975) and World Marketing Dallas, LLC (Bankr. N.D. Ill. Case
No. 15-32977) filed for Chapter 11 bankruptcy protection on Sept.
28, 2015, each estimating their assets and liabilities at between
$1 million and $10 million.  The petitions were signed by Robert W.
Kraft, the authorized individual.

The cases are jointly administered.  Judge Timothy A. Barnes
presides over the cases.

Jeffrey C Dan, Esq., at Crane Heyman Simon Wlch & Clar serves as
the Debtors' bankruptcy counsel.

The Official Committee of Unsecured Creditors appointed in the case
are represented by Elizabeth Vandesteeg, Esq., and Aaron L. Hammer,
Esq., at Sugar Felsenthal Grais & Hammer LLP as counsel.  AEG
Partners LLC serves as the Committee's financial advisor.


ZALER POP HOLDINGS: Taps McCann Garland as Legal Counsel
--------------------------------------------------------
Zaler Pop Holdings of Wilkinsburg LLC seeks approval from the U.S.
Bankruptcy Court for the Western District of Pennsylvania to hire
legal counsel.

The Debtor proposes to hire McCann Garland Ridall & Burke to assist
in the preparation of a bankruptcy plan, and provide other legal
services related to its Chapter 11 case.

J. Michael Baggett, Esq., the attorney designated to represent the
Debtor, will charge an hourly rate of $350, and will receive
reimbursement for work-related expenses.

Mr. Baggett and his firm do not represent any interest adverse to
the Debtor, according to court filings.

McCann Garland can be reached through:

     J. Michael Baggett, Esq.
     McCann Garland Ridall & Burke
     11 Stanwix Street, Suite 1030
     Pittsburgh, PA 15222
     Phone: 412-566-1818
     Email: BAGGETTMJ@aol.com

                    About Zaler Pop Holdings

Zaler Pop Holdings of Wilkinsburg LLC sought protection under
Chapter 11 of the Bankruptcy Code (Bankr. W.D. Pa. Case No.
17-20390) on February 3, 2017.  The petition was signed by Ronald
Johnson, authorized representative.
  
At the time of the filing, the Debtor estimated assets and
liabilities of less than $500,000.


ZIOPHARM ONCOLOGY: RSM US LLP Raises Going Concern Doubt
--------------------------------------------------------
ZIOPHARM Oncology, Inc., filed with the U.S. Securities and
Exchange Commission its annual report on Form 10-K, disclosing a
net loss of $165.30 million on $6.86 million of Collaboration
Revenue for the year ended December 31, 2016, compared to a net
loss of $120.09 million on $4.33 million of Collaboration Revenue
for the year ended December 31, 2015.

RSM US LLP notes that the Company has suffered recurring losses
from operations which raises substantial doubt about its ability to
continue as a going concern.

The Company's balance sheet at December 31, 2016, showed $106.35
million in total assets, $58.32 million in total liabilities,
$125.32 million in Series 1 preferred stock, and a total
stockholders' deficit of $77.30 million.

A full-text copy of the Company's Form 10-K is available at:
                
                   https://is.gd/veAHTf

ZIOPHARM Oncology, Inc., is a biopharmaceutical company seeking to
develop, acquire and commercialize, on its own or with partners, a
diverse portfolio of cancer therapies that address unmet medical
needs. The Company currently focused on developing products in
immuno-oncology that employ novel gene expression, control and cell
technologies to deliver safe, effective and scalable cell- and
viral-based therapies for the treatment of cancer and
graft-versus-host-disease (GvHD).



                            *********

Monday's edition of the TCR delivers a list of indicative prices
for bond issues that reportedly trade well below par.  Prices are
obtained by TCR editors from a variety of outside sources during
the prior week we think are reliable.  Those sources may not,
however, be complete or accurate.  The Monday Bond Pricing table
is compiled on the Friday prior to publication.  Prices reported
are not intended to reflect actual trades.  Prices for actual
trades are probably different.  Our objective is to share
information, not make markets in publicly traded securities.
Nothing in the TCR constitutes an offer or solicitation to buy or
sell any security of any kind.  It is likely that some entity
affiliated with a TCR editor holds some position in the issuers
public debt and equity securities about which we report.

Each Tuesday edition of the TCR contains a list of companies with
insolvent balance sheets whose shares trade higher than $3 per
share in public markets.  At first glance, this list may look like
the definitive compilation of stocks that are ideal to sell short.
Don't be fooled.  Assets, for example, reported at historical cost
net of depreciation may understate the true value of a firm's
assets.  A company may establish reserves on its balance sheet for
liabilities that may never materialize.  The prices at which
equity securities trade in public market are determined by more
than a balance sheet solvency test.

On Thursdays, the TCR delivers a list of recently filed
Chapter 11 cases involving less than $1,000,000 in assets and
liabilities delivered to nation's bankruptcy courts.  The list
includes links to freely downloadable images of these small-dollar
petitions in Acrobat PDF format.

Each Friday's edition of the TCR includes a review about a book of
interest to troubled company professionals.  All titles are
available at your local bookstore or through Amazon.com.  Go to
http://www.bankrupt.com/books/to order any title today.

Monthly Operating Reports are summarized in every Saturday edition
of the TCR.

The Sunday TCR delivers securitization rating news from the week
then-ending.

TCR subscribers have free access to our on-line news archive.
Point your Web browser to http://TCRresources.bankrupt.com/and use
the e-mail address to which your TCR is delivered to login.

                            *********

S U B S C R I P T I O N   I N F O R M A T I O N

Troubled Company Reporter is a daily newsletter co-published
by Bankruptcy Creditors Service, Inc., Fairless Hills,
Pennsylvania, USA, and Beard Group, Inc., Washington, D.C., USA.  
Jhonas Dampog, Marites Claro, Joy Agravante, Rousel Elaine
Tumanda, Valerie Udtuhan, Howard C. Tolentino, Carmel Paderog,
Meriam Fernandez, Joel Anthony G. Lopez, Cecil R. Villacampa,
Sheryl Joy P. Olano, Psyche A. Castillon, Ivy B. Magdadaro, Carlo
Fernandez, Christopher G. Patalinghug, and Peter A. Chapman,
Editors.

Copyright 2017.  All rights reserved.  ISSN: 1520-9474.

This material is copyrighted and any commercial use, resale or
publication in any form (including e-mail forwarding, electronic
re-mailing and photocopying) is strictly prohibited without prior
written permission of the publishers.  Information contained
herein is obtained from sources believed to be reliable, but is
not guaranteed.

The TCR subscription rate is $975 for 6 months delivered via
e-mail.  Additional e-mail subscriptions for members of the same
firm for the term of the initial subscription or balance thereof
are $25 each.  For subscription information, contact Peter A.
Chapman at 215-945-7000 or Nina Novak at 202-362-8552.

                   *** End of Transmission ***