TCR_Public/170320.mbx          T R O U B L E D   C O M P A N Y   R E P O R T E R

              Monday, March 20, 2017, Vol. 21, No. 78

                            Headlines

25-54 CRESCENT: Seeks to Hire Macco & Stern as Legal Counsel
4-U PERFORMANCE: Hires Kudman Trachten as Attorney
AAD LLC: Coakley Buying Kirkland Property for $458K
ADVANCED MICRO: Court Dismisses Amended Derivative Action
ADVANCED PAIN: Case Summary & 20 Largest Unsecured Creditors

AFFATATO 1 SERVICES: Hires Bartolone as Counsel
AK STEEL: Moody's Rates $400MM Senior Unsecured Notes at B3
AK STEEL: S&P Affirms 'B' CCR & Rates $400MM Sr. Unsec. Notes 'B-'
ALIXPARTNERS LLP: Moody's Affirms B2 CFR & Rates 1st Lien Loans B2
ALUMINUM DESIGN: Case Summary & 20 Largest Unsecured Creditors

AMERICAN APPAREL: Seeks Plan Filing Extension Through July 12
AMERICAN RENAL: S&P Assigns 'B' CCR; Outlook Stable
ANSWERS HOLDINGS: Hires Rothschild as Financial Advisor
ANSWERS HOLDINGS: Taps Rust Consulting as Claims Agent
APOLLO SOLAR: Wants Authority to Use DECD, ESC Cash Collateral

AQUION ENERGY: Taps Roski of Protiviti as CRO
ARROYO VISION CARE: April 26 Plan Confirmation Hearing
ASSOCIATED ASPHALT: S&P Raises CCR to 'B+'; Outlook Stable
ASTROTURF LLC: Unsecureds to Get 38% Under Liquidation Plan
AZTEC OIL: Creditors File Competing Chapter 11 Plan of Liquidation

B. PINELLI INC: Wants to Continue Using Independence Bank Cash
BAIA LLC: Hires Arnold Financial as Special Controller
BAILEY RIDGE: Creditors' Panel Hires Goldstein as Lead Counsel
BAILEY RIDGE: Creditors' Panel Hires Mackaman as Iowa Counsel
BILL BARRETT: Liquidity Enhanced with $110-Mil. Equity Offering

BILLYS ROADHOUSE: Unsecureds to Recover 50% Over 4 Yrs. Under Plan
BOSTWICK LABORATORIES: Selling Itself for $5.4 Million to Poplar
BOYSON INC: Seeks to Hire Quintairos Prieto as Local Counsel
CABALLO2015 LLC: Discloses Improvement in Owners' Fin'l Status
CALIFORNIA HISPANIC: Hires Coldwell and Kidder as Broker

CALIFORNIA PROTON: U.S. Trustee Unable to Appoint Committee
CHAPARRAL ENERGY: Seeks to Hire Chipman Brown as Special Counsel
CHOUDRIES INC: Chapter 11 Trustee Taps Trout as Accountant
CHOXI.COM INC: Creditors' Panel Hires Fox Rothschild as Counsel
CHRIST'S HOUSEHOLD: Amends Plan to Add Transfer Tax Exemptions

CLUB VILLAGE: Court Extends Plan Filing Through May 22
COBALT INTERNATIONAL: Reports 2016 Net Loss of $2.3 Billion
CROWN HOLDINGS: S&P Affirms 'BB' Corporate Credit Rating
CUMULUS MEDIA: Entered Into a Refinancing Support Agreement
D.J.W.S. HOLDING: Hires Stewart Robbins as Attorney

DEL MONTE FOODS: S&P Lowers CCR to 'CCC+' on High Leverage
DIFFUSION PHARMACEUTICALS: Sold $15.8 Million Preferred Shares
DIOCESE OF NEW ULM: Seeks to Hire Blank Rome as Insurance Counsel
DIOCESE OF NEW ULM: Seeks to Hire Meier Kennedy as Special Counsel
DIOCESE OF NEW ULM: Taps BGA Management as Turnaround Consultant

DIOCESE OF NEW ULM: Taps Fredrikson & Byron as Legal Counsel
DOWLING'S PALACE: Asks Court to Approve Plan Outline
DUBLIN SCHOOL: S&P Removes 'BB+' Debt Rating From Watch Neg.
EAST COAST FOODS: Panel Taps Force Ten as Financial Advisor
ECOARK HOLDINGS: Has Direct Offering of $8 Million Common Shares

ECOARK HOLDINGS: Reports $25.2 Million Net Loss for 2016
ENERGIS PETROLEUM: 10 Unsecured Claims Remain Unpaid
ESHNAM HOSPITALITY: Hires Beam as Real Estate Broker
ETERNAL ENTERPRISE: May Use Cash Collateral to Pay AD Property
EXCO RESOURCES: S&P Lowers CCR to 'SD' on Distressed Note Exchange

EXGEN TEXAS: S&P Lowers Project Rating to 'CCC-'; Outlook Neg.
EZRA HOLDINGS: Case Summary & 20 Largest Unsecured Creditors
EZRA HOLDINGS: Commences Restructuring Proceedings in the U.S.
FANSTEEL INC: Unsecureds May Recoup 100%, Plus 3% Over 5 Years
FLORIDA EAR: U.S. Trustee Unable to Appoint Committee

FM KELLY: Unsecured Creditors to Recoup 10% over 48 Months
FORESIGHT ENERGY: Fitch Affirms B+ Rating on $825MM Term Loan
FRANZEN INTERNATIONAL: Unsecureds to be Paid in Full, With 5%
FREEDOM COMMUNICATIONS: Court Extends Plan Filing Through May 28
FYNDERS INC: Has Interim Authorization to Use Cash Collateral

GASTAR EXPLORATION: S&P Affirms Then Withdraws 'CCC-' CCR
GATES GLOBAL: Moody's Revises Outlook to Stable & Affirms B3 CFR
GATES GLOBAL: S&P Retains 'B+' Rating on 1st Lien Secured Debt
GATOR EQUIPMENT: Unsecureds to Recoup 100% Over 19 Quarters
GEI HOLDINGS: Taps Weichert Realtors to Sell Huntington Property

GIOVANNI TRANSPORT: Hires Burgess as Bankruptcy Attorney
GROW CONDOS: Hires L J Soldinger as New Accountants
GULFMARK OFFSHORE: S&P Cuts CCR to 'D' on Missed Interest Payment
GYMBOREE CORP: Names Mark Weikel Interim Chief Executive Officer
GYMBOREE CORP: Reports Second Quarter Net Loss of $324.9 Million

HANCOCK FABRICS: Can Solicit Plan Acceptances Through May 12
HAYDEL PROPERTIES: Disclosures OK'd; Plan Hearing on May 4
HHGREGG INC: Terminates Acquisition Term Sheet with Third Party
HUMBLE SURGICAL: Has Interim Nod to Use Cash Collateral
IHEARTCOMMUNICATIONS INC: Fitch Cuts LT Issuer Default Rating to C

IL VALENTINO: Seeks to Hire Bertuglia as Accountant
IMAGEWARE SYSTEMS: Needs Additional Time to File Form 10-K
INNOVATIVE CONSTRUCTION: Mansour Objects to Disclosure Statement
INSTITUTE OF CARDIOVASCULAR: Can File Plan No Later Than May 5
INTERNAP CORP: S&P Assigns 'B+' Rating on $300MM 1st-Lien Loan

INTERNAP CORPORATION: Moody's Rates Proposed $325MM Loans B3
ISOLA USA: Moody's Withdraws Caa2 Corporate Family Rating
JARED LARSON: Wants Plan Filing Deadline Extended to April 15
JEANETTE GUTIERREZ: Castaneda Buying San Antonio Property for $58K
JEANETTE GUTIERREZ: Smith Buying San Antonio Property for $48.5K

JPS COMPLETION: Cooper Buying Midland Property for $100K
JUST LIKE SUGAR: Voluntary Chapter 11 Case Summary
KIDS FIRST: Seeks to Hire Ronny Brower as Accountant
KIWA BIO-TECH: Yong Change Wu Removed as Director
KRATON CORP.: Moody's Rates Proposed $400MM Sr. Unsecured Notes B3

KRATON CORP: S&P Affirms 'B' CCR & Revises Outlook to Positive
KUM GANG: Amended Plan Allots $375,000 for $4MM Unsecured Claims
LANDAMERICA 1031: Court Nixes Geminaros' RICO Claims
LP CLEANERS: Unsecureds to Get $600 Per Quarter Under Plan
LYNN'S MARKET: Seeks to Hire CGA Law Firm as Legal Counsel

LYNN'S MARKET: Taps Alex Everhart as Business Consultant
MARGARET ANNA: Seeks to Hire Task of Accounting as Accountant
MARGARET ANNA: Taps Gouveia and Associates as Legal Counsel
MARITIME COMMUNICATIONS: Sale of MCLM License for $1.95M Approved
MARJASU CORP: April 26 Plan Confirmation Hearing

MASTROIANNI BROS: April 12 Disclosure Statement Hearing
MAXELWAY LLC: Taps Jeanette Ryan as Real Estate Broker
ME BARS: Amends Plan to Remove Distribution to PREPA, Mercedes Benz
METROPOLITAN BAPTIST: April 26 Disclosure Statement Hearing
MICHAEL PETERS: Bohnsack Buying Templeton Property for $249K

MILWAUKEE ACADEMY: S&P Affirms 'BB+' Rating on 2013 Education Bonds
MOSAIC MANAGEMENT: Wants More Time to File Plan Through March 31
NAKED BRAND: Believes it Regains Compliance with Nasdaq
NAVISTAR: Carl C. Icahn Owns 17.02% Equity Stake as of March 10
NCCD CLAREMONT: Moody's Rates 2017A/B University Housing Bonds Ba2

NEAL COY: Deckers Buying Duvall Property for $441K
NEOVASC INC: To Host Q4 and 2016 Conference Call on March 23
NEW ENGLAND MECHANICAL: Intends to Use Cash Collateral
NEW ENTERPRISE: Closes Offer to Repurchase 11% Sr. Notes Due 2018
NEW ENTERPRISE: Closes Offering of $200 Million Notes Due 2022

NEW YORK INTERNET: Hires Boulbol as Litigation Counsel
NEW YORK INTERNET: Hires Klestadt as Bankruptcy Counsel
NEW YORK INTERNET: Hires Poillucci as Accountant
NEW YORK TIRE: Hires Olshan Frome as Attorney
NICK STELLEY: Seeks to Hire Weinstein as New Legal Counsel

NORTH PHILADELPHIA: Patient Care Still Stable Amid Staff Resentment
NUVERRA ENVIRONMENTAL: Gates Capital Has 7.1% Stake as of Dec. 31
OCD LLC: Hires Reich as Bankruptcy Counsel
OMNICOMM SYSTEMS: Cornelis Wit Departing Post as CEO
ON CALL FLAGGING: Taps Samuel G. White as Accountant

ONTARIO CENTURY: Century Tower Buying Chicago Condo Unit for $380K
P & G FITTING: April 7 Disclosure Statement Hearing
PANDA TEMPLE: S&P Lowers Rating on Sr. Secured Debt to 'CCC+'
PATRIOT ONE: Court Extends Plan Filing Deadline Thru May 23
PATRIOT SOLAR: Huntington National Agrees to Cash Use Thru July 31

PATRIOT SOLAR: Seeks Authorization to Use Cash Collateral
PAWS AND CLAWS: Seeks Extension of Plan Filing Through May 15
PHARMACOGENETICS DIAGNOSTIC: Allowed to Use Cash Thru April 30
PIONEER ENERGY: S&P Affirms 'B-' Corp. Credit Rating
PLAINS END: Fitch Affirms BB Sr. Secured Bonds Rating

PORTOFINO TOWERS: Wants Solicitation Period Moved to June 17
POSITRON CORP: April 26 Hearing on Disclosures, Chapter 11 Plan
POWER EFFICIENCY: Appoints Carnegie Hudson President to Board
POWER EFFICIENCY: Continues to work to Satisfy BQDM Obligations
PREMIER WELLNESS: Wants to Continue Using Cash Collateral

PRIME METALS: Seeks to Hire Bernstein-Burkley as Legal Counsel
PRIME METALS: Seeks to Hire H2R CPA as Accountant
PRIME METALS: Wants to Use S&T Bank Cash Collateral
RADIO ONE: Moody's Rates $350MM Sr. Secured Term Loan B at B2
RADIO ONE: S&P Assigns 'B' Rating on Proposed $350MM Sr. Loan

RADIOLOGY SUPPORT: Taps Hiramatsu as Financial Consultant
RADIOLOGY SUPPORT: Taps Weintraub & Selth as Legal Counsel
RAIN CII: Moody's Gives B1 Rating to New Sr. Secured Notes Due 2025
RAMOS REALTY: Hires Torres & Associates as Attorney
RESOLUTE ENERGY: Announces Operating Results for 2016

RESOLUTE ENERGY: Incurs $161.7 Million Net Loss in 2016
REVOLUTION ALUMINUM: U.S. Trustee Forms 3-Member Committee
REX ENERGY: Incurs $176.7 Million Net Loss in 2016
RICHARD PHILLIPS: Market and Sale of Austin Property Approved
RINCON ISLAND: To Hire Ex-Judge Newsome as Mediator

ROBISON TIRE: Wants Plan Filing Deadline Moved to March 31
ROCKY MOUNTAIN: Preferred Stock Certificate of Designation OK'd
RUXTON DESIGN: Allowed to Use Up to $16K of Cash Collateral
SAEXPLORATION HOLDINGS: Reports $25 Million 2016 Net Loss
SAM BASS: Ch. 11 Trustee Has Interim OK to Use Cash Until March 22

SAM BASS: Sale Personal Property by Iron Horse Auction Approved
SEANERGY MARITIME: Agrees with Lenders to Amend Credit Facilities
SEPCO CORPORATION: Hires Selman Breitman as Asbestos Counsel
SHIROKIA DEVELOPMENT: Hires Besen as Real Estate Broker
SKG THE PARK: Taps Schwartz Flansburg as Legal Counsel

SLUSS & RAY: Hires Hinkle Law Firm as Insolvency Counsel
SLUSS & RAY: Wants Authority to Use Emprise Bank Cash Collateral
SNACK SHACK: Taps David T. Cain as Legal Counsel
SOMERSET THOR: Trustee Selling Branchburg Property for $3
SOTERA WIRELESS: Debtors to be Substantially Consolidated

SOUTHEASTERN STUD: Suit vs Whaley, et al., Remanded to State Court
SPORTS AUTHORITY: Wants Plan Filing Extended Through June 26
SQUARETWO FINANCIAL: S&P Affirms Then Withdraws 'CCC+' ICR
STEINY AND COMPANY: Seeks Approval to Continue Using IRS Cash
SUGARMAN'S PLAZA: Hires Abel as Substitute Attorney

SUNGEVITY INC: LSHC and Hercules Buying All Assets for $50 Million
SUNPOWER BY RENEWABLE: Wants Plan Filing Deadline Moved to May 9
TATOES LLC: Has Court's Nod to Use Cash Collateral Through April 30
TAXOPARK INC: Seeks to Hire Porzio Bromberg as Legal Counsel
TEAM EXPRESS: Has $1.17-Mil. in Cash for Plan Funding

TELEGUAM HOLDINGS: Moody's Assigns B2 Corporate Family Rating
TIAT CORP: April 11 Hearing on Disclosure Statement
TIAT CORPORATION: SBNV Files Competing Chapter 11 Plan
TIMBERVIEW VETERINARY: Hires CGA Law as Co-counsel
TOISA LIMITED: Taps Kurtzman Carson as Administrative Agent

TOWERSTREAM CORP: Common Stock Delisted from Nasdaq
TRI POINTE: S&P Assigns 'BB-' Corp. Credit Rating; Outlook Stable
TRI-G GROUP: Quandary Lake Buying Swepsonville Land for $45K
TRIPLE POINT: S&P Affirms 'CCC+' CCR & Revises Outlook to Stable
TURNING LEAF: Hires O'Brien & Associates as Attorney

TWIN OAKS: Wants to Use USDA Rural Development Cash Collateral
ULTRA RESOURCES: Fitch Assigns BB- First-Time Expected IDRs
ULTRA RESOURCES: Moody's Assigns B1 Corporate Family Rating
ULTRA RESOURCES: S&P Assigns 'B+' CCR; Outlook Stable
UMATRIN HOLDING: Appoints WWC PC as New Accountants

UNIQUE MOTORSPORTS: Taps DeMarco-Mitchell as Legal Counsel
UNITED ROAD: To Auction Assets on April 10
UNITY RESPIRATORY: Taps Benjamin Martin as Legal Counsel
V & V SUPERMARKETS: Case Summary & 20 Largest Unsecured Creditors
V-BLOX CORP: May Use T.D. Bank's Cash Collateral Until June 7

VERENGO INC: Unsecureds to Recover Nothing Under Plan
VERTEX ENERGY: Incurs $3.95 Million Net Loss in 2016
WAREHOUSE 11: Case Summary & 5 Unsecured Creditors
WAYNE PERRY: Seeks to Hire Benjamin Martin as Legal Counsel
WELLMAN DYNAMICS: WDMA Unsecureds to Get Full Payment, Plus 3%

WENNER MEDIA: Us Weekly Sale No Impact on Moody's B3 CFR
WESCO AIRCRAFT: S&P Revises Outlook to Stable & Affirms 'B+' CCR
WESTERN STATES: Has Interim Authorization to Use Cash Collateral
WESTMOUNTAIN GOLD: Seeks to Hire Thrasher Worth as Special Counsel
WESTPORT HOLDINGS: Examiner Taps Terracon to Conduct Assessment

WHICKER ASSET: Hires Molding Business as Broker
WILLIAMS 7 STREET: Case Summary & Unsecured Creditor
WORLD OF DISCOVERY: Intends to Use IRS Cash Collateral Until May 1
WRAP MEDIA: Panel Hires Keller & Benvenutti as Counsel
WRAP MEDIA: Seeks to Hire Ocean Tomo as IP Broker


                            *********

25-54 CRESCENT: Seeks to Hire Macco & Stern as Legal Counsel
------------------------------------------------------------
25-54 Crescent Realty LLC seeks approval from the U.S. Bankruptcy
Court for the Eastern District of New York to hire legal counsel in
connection with its Chapter 11 case.

The Debtor proposes to hire Macco & Stern, LLP to give legal advice
regarding its duties under the Bankruptcy Code, negotiate with
creditors in formulating a plan of reorganization, and provide
other legal services.

The firm received a retainer in the amount of $15,000, plus $2,717
prior to the Debtor's bankruptcy filing.

Peter Corey, Esq., at Macco & Stern, 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:

     Peter Corey, Esq.
     Macco & Stern, LLP
     2950 Express Drive South, Suite 109
     Islandia, NY 11749
     Tel: (631) 549-7900
     Email: pcorey@maccosternlaw.com

                   About 25-54 Crescent Realty

Headquartered in Astoria, New York, 25-54 Crescent Realty LLC filed
for Chapter 11 bankruptcy protection (Bankr. E.D.N.Y. Case No.
17-40560) on Feb. 8, 2017, disclosing $4.55 million in total assets
and $3.25 million in total liabilities. The petition was signed by
Petros Konstantelos, member.  Judge Carla E. Craig presides over
the case.


4-U PERFORMANCE: Hires Kudman Trachten as Attorney
--------------------------------------------------
4-U Performance Group, LLC, seeks authority from the U.S.
Bankruptcy Court for the District of New Jersey to employ Kudman
Trachten Aloe LLP as attorney to the Debtor.

4-U Performance requires Kudman Trachten to:

   a. take all necessary actions to maximize the value of the
      Debtor's estate, including the prosecution of actions on
      the Debtor's behalf, the defense of any actions commenced
      against the Debtor, the negotiation of disputes in which
      the Debtor is involved, and the preparation of objections
      to claims filed against the Debtor's estate;

   b. provide legal advice with respect to the Debtor's powers
      and duties as a debtor in possession and the management of
      its property;

   c. prepare on behalf of the Debtor all necessary motions,
      applications, answers, orders, reports, and documents in
      connection with the administration and prosecution of the
      chapter 11 case;

   d. assist the Debtor in connection with the sale and
      disposition of the Debtor's assets, by sale or otherwise;

   e. assist the Debtor in the negotiation, preparation, and
      confirmation of a chapter 11 plan and all related
      transactions;

   f. appear in Court and protect the interests of the Debtor
      before the Court; and

   g. perform all other necessary legal services in connection
      with the chapter 11 case.

Kudman Trachten will be paid at these hourly rates:

     Partner                  $550
     Associate                $275-$325
     Legal Assistant          $90
     Paralegal                $90

Kudman Trachten will be paid a retainer in the amount of $25,000.

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

Paul H. Aloe, partner of Kudman Trachten Aloe LLP, assured the
Court that the firm is a "disinterested person" as the term is
defined in Section 101(14) of the Bankruptcy Code and does not
represent any interest adverse to the Debtor and its estates.

Kudman Trachten can be reached at:

     Paul H. Aloe, Esq.
     KUDMAN TRACHTEN ALOE LLP
     350 Fifth Avenue, 68th Floor
     New York, NY 10118
     Tel: (212) 868-1010

                  About 4-U Performance Group, LLC

4-U Performance Group LLC, based in Livingston, NJ, filed a Chapter
11 petition (Bankr. D.N.J. Case No. 17-12470) on February 8, 2017.
The Hon. Vincent F. Papalia presides over the case. Paul H. Aloe,
Esq., at Kudman Trachten Aloe LLP, to serve as bankruptcy counsel.

In its petition, the Debtor estimated $224,800 in assets and $1.34
million in liabilities. The petition was signed by Howard Weiss,
member.



AAD LLC: Coakley Buying Kirkland Property for $458K
---------------------------------------------------
AAD, LLC, asks the U.S. Bankruptcy Court for the Western District
of Washington to authorize the sale of real property commonly known
as 10331 NE 43rd St., (formerly known as 10419 NE 43rd St.),
Kirkland, Washington, to Shane Q. Coakley for $458,000.

A hearing on the Motion is set for April 14, 2017 at 9:30 a.m.
Objection deadline is April 7, 2017.

The Property is a parcel of raw land that is platted as a lot in a
covenanted subdivision known as Dadvar short-plat, and which is
also known as the Portofino Development.  Title to the Property was
originally held in the name of Anthony Dadvar as his separate
property.

On July 1, 2007, Washington Mutual made a loan to Mr. Dadvar as his
separate obligation, in the original principal amount of $900,000,
secured by the Property.  The Property was subsequently conveyed to
Medina-Overlake, LLC, a Washington, LLC whose members are Mr.
Dadvar and his wife Haydeh Sharifi.  Due to the unfavorable
conditions in the real estate marked brought on by the Great
Recession, Medina-Overlake, filed a petition for relief under
chapter 11 on Nov. 19, 2009.

After Washington Mutual was placed in receivership, the beneficial
interest in the deed of trust was transferred to JPMorgan Chase
Bank.  Chase obtained an order granting it relief from stay on Oct.
8, 2010.  On June 28, 2013, the Chase secured claim was transferred
to U.S. Bank NA, successor trustee to Bank of America NA, successor
in interest to LaSalle Bank NA, as trustee, on behalf of the
holders of the WaMu Mortgage Pass-Through Certificates, Series
2007-HY5.  The transfer notwithstanding, Chare remains the party
servicing the mortgage and asserting the beneficiary's rights.  A
title report obtained in connection with the PSA shows Chase as the
lender of record.  Although, payment is contractually due for the
April 1, 2009, neither Chase nor US Bank has ever sought to
foreclose the property.

Sharifi filed her own chapter 11 case on May 8, 2013, case number
13-14280-MLB, after a number of creditors claimed that any
reorganization of Overlake Medina was impossible without her being
joined as a debtor.  An agreed order providing for the joint
administration of the two cases was entered on June 18, 2013.

Consolidated Amended Plan of Reorganization for both the Medina
Overlake and Sharifi was confirmed in the Prior Case on April 1,
2016.  The Consolidated Case involved nine parcels of real
property, including the Property.  The Plan was designed to
restructure the mortgage debt on most of the parcels owned by
Medina-Overlake with payments to be funded by the properties' cash
flow to permit the continued development, and rental of the
properties.  The Property is identified in the Consolidated Plan as
securing the Class 9A claim.  With respect to the Property, the
Consolidated Plan provides that deed of trust holder is granted
relief from the automatic stay if not already granted.  A Final
Decree was entered in the Prior Case on Aug. 26, 2016.

Following confirmation of the Consolidated Plan, Medina-Overlake
sought a short sale buyer for the property to avoid a foreclosure
on their credit records because the ultimate consummation of the
Consolidated Plan will require them to obtain credit to pay off
other mortgagees restructured by the Consolidated Plan that have
balloon payments coming due in the future.

On Sept. 6, 2016, Medina-Overlake negotiated a short sale of the
property for $451,000.  Medina-Overlake then sought and received
approval of the sale from Chase.  While the transaction was in
escrow, Chase indicated that the property needed to be conveyed
back to Mr. Dadvar, the original grantor, as a condition of the
short sale.

During the pendency of the Prior Case, Indemnity Co. of California,
Inc. ("ICC") obtained a judgment against both Mr. Dadvar and his
wife Sharifi who then still a chapter 11 debtor.  The judgment
against Sharifi, which was entered in violation of the stay, was
subsequently vacated.  Mr. Dadvar was not a debtor in the Prior
Cases thus the judgement remains against his separate estate.

On Dec. 29, 2016, Mr. Dadvar formed AAD, LLC.  Following the
formation of AAD, Mr. Dadvar attempted to negotiate a resolution of
the judgment lien with ICC.  When these overtures proved
unsuccessful, the property was transferred to the Debtor and the
chapter 11 was filed for the express purpose of attempting to
complete a short sale on the property, as had been
Medina-Overlake's original intention.

The wife of the couple that controlled the original buyer of the
Property recently passed away and the original buyer is no longer
interested in purchasing the Property.  The Debtor has now located
Coakley as the new buyer, who is willing to pay $458,000, which is
more than the price agreed to by the previous buyer.  The Debtor
and Coakley entered into Vacant Land Purchase and Sale Agreement,
dated March 3, 2017, for the purchase of the Property.

The business reasons supporting the sale are the same as the ones
that motivated Medina-Overlake to seek a short sale in the first
instance; it will assist it in consummating the Consolidated Plan
confirmed in that case.  Accordingly, the Debtor asks the court
approve the sale of the Property free and clear liens and authorize
the closing and/or escrow agent for the sale of the Property to pay
all of the net proceeds of sale to the first lien holder of record
after payment from the proceeds of typical and reasonable closing
costs related to such sale, including, without limitation, any and
all applicable taxes, real estate broker commissions, title
insurance premiums, escrow fees, and recording fees.

                 About AAD

AAD, LLC sought Chapter 11 protection (Bankr. W.D. Wash. Case No.
17-10638) on Feb. 14, 2017.  Judge Christopher M Alston is assigned
to the case.

The Debtor estimated assets at $451,000 and liabilities at $1.49
million.

The Debtor tapped Michael M Feinberg, Esq., at Karr Tuttle Campbell
as counsel.

The petition was signed by Anthony A. Dadvar, sole member.


ADVANCED MICRO: Court Dismisses Amended Derivative Action
---------------------------------------------------------
On December 29, 2014, Advanced Micro Devices, Inc. filed a Current
Report on Form 8-K disclosing that on December 26, 2014, the
Company received notice of a stockholder derivative action on
November 24, 2014, on the grounds that in calendar 2014, the
Company granted equity awards to the Company's President and Chief
Executive Officer, Dr. Lisa Su, in excess of the per calendar year
share limit on individual awards under the Company's 2004 Equity
Incentive Plan. Rather than litigate this technical issue, the
Board of Directors of the Company decided to rescind and void
certain performance-based restricted stock unit (PRSU) and
restricted stock unit (RSU) awards granted to Dr. Su during 2014.
In disclosing this decision, the Company also disclosed the Board's
intent to replace the Voided Equity Awards with new grants at the
earliest practicable opportunity available to the Company, subject
to law and the terms of the 2004 Plan.

On February 18, 2015, the Company disclosed on a Current Report on
Form 8-K/A that on February 12, 2015, the Board determined that it
was advisable and in the best interest of the Company to grant Dr.
Su an award of PRSUs and an award of RSUs in an effort to partially
return Dr. Su's equity compensation to the level it was prior to
the action to void and rescind the Voided Equity Awards.

At the Company's 2015 annual meeting of stockholders held on April
29, 2015, the Company sought and received shareholder approval for
an amendment to the 2004 Plan to increase the annual share limit on
individual awards from 3 million shares to 10 million shares.

On May 4, 2015, the Company disclosed on a Current Report on Form
8-K/A that on April 30, 2015, the Board determined that it was in
the best interest of the Company to grant Dr. Su an award of PRSUs
in order to fully return Dr. Su's equity compensation to the level
it was prior to the action to void and rescind the Voided Equity
Awards.

The stockholder who filed the stockholder derivative action first
challenging the 2014 grants subsequently filed an amended complaint
in the same case alleging that the replacement of the Voided Equity
Awards in 2015 amounted to an amendment of the 2004 Plan that
required a shareholder vote. The Company moved to dismiss the
amended complaint for failure to state a claim, and in a transcript
ruling dated September 16, 2016, the Delaware Court of Chancery
agreed with the Company and ruled that the rescission and later
replacement of the awards at issue was not an amendment of the 2004
Plan and did not require a shareholder vote.

Accordingly, on March 1, 2017, the Court dismissed the complaint
with prejudice for failure to state a claim. Notwithstanding that
dismissal, the stockholder's counsel demanded a "mootness" fee to
compensate them for the "benefit" they had allegedly conferred on
the Company by causing the Company to rescind and replace the
Voided Equity Awards. The Company does not believe the stockholder
or her counsel have conferred any benefit on the Company. However,
rather than litigate this issue, the Company agreed to pay the
stockholder's counsel $55,000 in legal fees.

A full-text copy of the regulatory filing is available at:
https://is.gd/PkPf4q

                              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.


ADVANCED PAIN: Case Summary & 20 Largest Unsecured Creditors
------------------------------------------------------------
Debtor: Advanced Pain Management Services, LLC
        600 West Main Street, Suite 500
        Louisville, KY 40202

Case No.: 17-30863

Business Description: Advanced Pain Management Services, LLC --
                      http://www.americanspinemd.com-- is a small
                      business debtor as defined in 11 U.S.C.
                      Section 101(51D) engaged in the health care
                      business.  The Debtor's aggregate
                      noncontingent liquidated debts (excluding
                      debts owed to insiders or affiliates)
                      are less than $2,566,050 (amount subject to
                      adjustment on 4/01/19 and every 3 years
                      after that).  The Company collected gross
                      revenue for $9.97 million in 2016 and gross
                      revenue of $10.65 million in 2015.

Chapter 11 Petition Date: March 16, 2017

Court: United States Bankruptcy Court
       Western District of Kentucky (Louisville)

Judge: Hon. Thomas H. Fulton

Debtor's Counsel: James Edwin McGhee, III, Esq.
                  KAPLAN & PARTNERS LLP
                  710 West Main Street, 4th Floor
                  Louisville, KY 40202
                  Tel: 502-416-1634
                  Fax: 502-540-8282
                  Email: jmcghee@kplouisville.com

Total Assets: $1.84 million

Total Liabilities: $2.50 million

The petition was signed by Khalid Kahloon, CEO and general
counsel.

A list of the Debtor's 20 largest unsecured creditors is available
for free at:

                http://bankrupt.com/misc/kywb17-30863.pdf

A meeting of creditors under Section 341 of the Bankruptcy Code
will be held on April 13, 2017, at 2:30 p.m. at Louisville 341
Meeting Room.


AFFATATO 1 SERVICES: Hires Bartolone as Counsel
-----------------------------------------------
Affatato 1 Services, LLC, seeks authority from the U.S. Bankruptcy
Court for the Middle District of Florida to employ the law office
of Bartolone Law, PLLC as counsel to the Debtor.

Affatato 1 Services requires Bartolone to:

   a. advise the Debtor as to its rights and duties in the
      bankruptcy case;

   b. prepare pleadings related to the bankruptcy case, including
      disclosure statement and a plan of reorganization; and

   c. take any and all other necessary action incident to the
      proper preservation and administration of the estate.

Bartolone will be paid at these hourly rates:

     Attorney                  $325
     Paraprofessionals         $100

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

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

Aldo G. Bartolone, Jr., partner of Bartolone Law, 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.

Bartolone can be reached at:

     Aldo G. Bartolone, Jr., Esq.
     BARTOLONE LAW, PLLC
     4767 New Broad Street
     Orlando, FL 32814
     Tel: (407) 294-4440
     Fax: (407) 287-5544
     E-mail: aldo@bartolonelaw.com

              About Affatato 1 Services, LLC

Affatato 1 Services, LLC, based in Apopka, FL, filed a Chapter 11
petition (Bankr. M.D. Fla. Case No. 17-01425) on March 6, 2017.
Aldo G. Bartolone, Jr., Esq., at Bartolone Law, PLLC, 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 Francisco
Affatato, chief executive officer.


AK STEEL: Moody's Rates $400MM Senior Unsecured Notes at B3
-----------------------------------------------------------
Moody's Investors Service assigned a B3 rating to AK Steel
Corporation's $400 million senior unsecured guaranteed notes due
2027. Proceeds from this issue, together with cash on hand and
borrowings under the company's revolving credit facility, will be
used to tender for the 7.625% senior unsecured notes due 2020. All
other ratings, including the SGL-2 Speculative Grade Liquidity
rating are unchanged. The outlook is stable.

Assignments:

Issuer: AK Steel Corporation

-- Backed Senior Unsecured Regular Bond/Debenture, Assigned
    B3 (LGD5)

RATINGS RATIONALE

The B2 Corporate Family Rating (CFR) considers AK Steel's improved
earnings performance, better debt protection metrics and lower debt
levels as a result of approximately $600 million in equity issuance
in 2016 with proceeds applied to debt reduction. On a Moody's
adjusted basis for pension and leases, debt protection metrics
improved materially with leverage, as measured by the debt/EBITDA
ratio improving to 5.4x at December 31, 2016 from 7.5x in 2015 and
13.5x in 2014. On a pro-forma basis, considering the net debt
reduction from the new issue and tender for the 7.625% notes,
leverage at year-end 2016 would have been about 5x.

Although Moody's believe that light vehicle sales levels have
peaked and will modestly contract in 2017 (current expectation
is -0.6%), this important market for AK is expected to remain
solid. Other key markets such as infrastructure and residential
housing are expect to show improvement as well, albeit slowly,
while the electrical steel markets could face some headwinds.
Nonetheless, Moody's expects AK to continue to achieve margin
improvement in 2017, maintain leverage at no more than 5x and
continue to be modestly free cash flow generative, although
inventory working capital build will be necessary to prepare for
the Middletown blast furnace outage in the second half of 2017.

The B2 CFR reflects Moody's expectations that the company's
performance will evidence improving trends as it continues to
achieve operating efficiencies and focus on value added products.
With the idling of the Ashland facility, AK Steel has been better
able to more fully utilize its other operating facilities, while
the reduction of commodity product sales into the spot and
distribution markets has boosted profitability, despite the
decrease in shipments. While the B2 CFR also considers AK Steel's
position as a mid-tier steel producer, the company's technological
capabilities and strong customer base are important considerations.
The launch and roll out of the NEXMET high strength steel is
expected to further benefit the company's sales to the automotive
industry over the next several years as that industry looks to
further lightweight vehicles to meet increasingly stringent CAFÉ
requirements. The rating also considers AK's exposure to volatile
input costs, particularly iron ore, but acknowledges the company's
hedging policy, which seeks to mitigate exposure to volatile
movements in iron ore prices. The rating incorporates the
expectation that performance in 2017 will maintain the stronger
metrics achieved in 2016 with potential upside as contract renewals
come up over the course of the year.

The company's business mix, which evidences an improving and
meaningful level of value added products, including coated
(approximately 52% of shipments albeit on a lower shipment basis),
electrical and stainless products, and strong contracted position,
particularly with its automotive customers, are further supporting
factors in the rating.

The SGL-2 speculative grade liquidity rating reflects Moody's views
that AK Steel will maintain a good liquidity profile over the next
four quarters, notwithstanding the use of liquid resources to
partially fund the tender offer. In addition, the repayment in 2016
of the 2018 notes improved the company's debt maturity profile,
with the next maturity being the $150 million convertible exchange
notes in November 2019. The company's liquidity is supported by a
$1.5 billion revolving credit facility (ABL) expiring in March 2019
that is guaranteed by AK Steel Holding Corporation, AK Tube LLC,
Mountain State Carbon LLC, and AK Steel Properties. In addition,
the company had $173 million in cash at December 31, 2016.

The stable outlook captures Moody's expectations that AK Steel will
continue to evidence acceptable debt protection metrics and be free
cash flow generative. The outlook also anticipates that the company
will continue to maintain its focus on value added products and
continue to achieve an improved product mix, particularly as it
rolls out its Advanced High Strength Steels over the next 12- 18
months.

The B1 rating on the company's senior secured notes (secured by
plant, property and equipment), under Moody's loss given default
methodology reflects the instrument's priority position in the
capital structure relative to a considerable amount of unsecured
liabilities below it. The B3 rating on the senior unsecured notes
reflects the junior position of these instruments relative to the
secured notes, the ABL revolver and priority accounts payables.

The rating could be downgraded should the company's liquidity
position deteriorate materially due to weak operating performance
and cash burn, and should the EBIT margin and EBIT/interest ratios
track below 3% and 2x respectively and leverage, as measured by the
debt/EBITDA ratio remain above 5.25x. and improving trends in the
EBIT margin, EBIT/interest The rating could be upgraded should the
company be able to sustain an EBIT margin of at least 6%,
EBIT/interest of at least 2.5x and debt/EBITDA of no more than
4.5x.

The principal methodology used in this rating was Global Steel
Industry published in October 2012.

Headquartered in West Chester, Ohio, AK Steel Corporation (AK
Steel) ranks as a middle tier integrated steel producer in the
United States, operating steelmaking and finishing plants in
Indiana, Kentucky, Ohio, Michigan and Pennsylvania. The company
also has a tube manufacturing facility in Mexico. AK Steel produces
flat-rolled carbon steels, including coated, cold-rolled and
hot-rolled products, as well as specialty stainless and electrical
steels. Principal end markets include automotive, steel service
centers, appliance, industrial machinery, infrastructure,
construction and distributors and converters. Through its AK Coal
Resources Inc. subsidiary, the company has interests in
metallurgical coal production. Revenues for the twelve months
ending December 31, 2016 were approximately $5.9 billion.



AK STEEL: S&P Affirms 'B' CCR & Rates $400MM Sr. Unsec. Notes 'B-'
------------------------------------------------------------------
S&P Global Ratings said it affirmed its 'B' corporate credit rating
on AK Steel Corp.  The outlook is positive.

AK Steel is refinancing its $530 million senior unsecured notes due
2020.

S&P also assigned its 'B-' issue-level rating to the company's
proposed $400 million senior unsecured notes due 2027, with a
recovery rating of '5', indicating S&P's expectation for modest
(10% to 30%; rounded estimate: 10%) recovery in the event of
payment default.

At the same time, S&P affirmed its 'BB-' issue-level rating on the
company's senior secured notes due 2023, as well as S&P's 'B-'
issue-level rating on the company's existing senior unsecured
notes.  The recovery rating on the secured notes remains '1',
indicating S&P's expectation for very high (90% to 100%; rounded
estimate: 95%) recovery in the event of a payment default.  The
recovery rating on the existing unsecured notes remains '5',
indicating S&P's expectation for modest (10% to 30%; rounded
estimate: 10%) recovery in the event of a payment default.

"The positive outlook reflects our view that we could raise our
rating on the company over the next 12 months given the combination
of lower debt levels and better steel market conditions," said S&P
Global Ratings credit analyst William Ferara.  "We expect AK Steel
to produce adjusted debt to EBITDA of about 6.25x in 2017."

S&P could consider a higher rating if steel market and product
demand conditions resulted in sustained adjusted debt to EBITDA
below 6x, assuming the company maintains at least a strong
liquidity profile over the next 12 months.  This could cause S&P to
revise its comparable rating analysis modifier to neutral from
negative because S&P would view the company more favorably from a
financial risk perspective.

S&P could revise its outlook to stable from positive if AK Steel
were unable to sustain debt to EBITDA below 6.5x while maintaining
strong liquidity over the next 12 months.  S&P do not expect to
lower the rating within this timeframe, but it could if debt to
EBITDA were sustained above 8x or if the company's liquidity
profile weakened to adequate from strong.


ALIXPARTNERS LLP: Moody's Affirms B2 CFR & Rates 1st Lien Loans B2
------------------------------------------------------------------
Moody's Investors Service affirmed AlixPartners, LLP's B2 Corporate
Family Rating (CFR) and B2-PD Probability of Default Rating (PDR).
At the same time, Moody's assigned a B2 rating to the company's
proposed first lien senior secured credit facilities, consisting of
a $1.37 billion term loan due 2024 and a $75 million revolving
credit facility expiring in 2022. The rating outlook remains
stable.

AlixPartners is planning to utilize the proceeds from the first
lien term loan and cash on hand to refinance its existing $1.1
billion first lien term loan due 2022 and to fund a $285 million
distribution to shareholders.

The proposed transaction is credit negative and reflects the
company's aggressive financial policies demonstrated by its
frequent debt-funded shareholder distributions that raise leverage
and consume free cash flow. AlixPartners' pro forma debt to EBITDA
(inclusive of Moody's standard adjustments) rises to approximately
6.2x from 5.2x estimated at December 31, 2016, while EBITDA less
capex to interest declines to about 2.6x from 3.1x.

The rating affirmation reflects that the company's pro forma credit
metrics will remain in line with expectations for the B2 rating
category as well as Moody's projection that AlixPartners' track
record of solid revenue and earnings growth and operating margin
stability will continue. In Moody's view, over the next 12 to 18
months, AlixPartners will de-lever towards a mid 5.0x range through
consistent earnings growth (absent any transactions), while
continuing to generate positive free cash flow after taxes but
before discretionary distributions and maintaining good liquidity.
The transaction favorably extends the debt maturity profile by two
years at an incremental interest cost that is manageable within the
company's free cash flow.

The B2 rating on first lien term loan and revolving credit
facilities, at the same level with the CFR, reflects the capital
structure that is entirely composed of this class of debt.

The following rating actions were taken:

Issuer: AlixPartners, LLP

Corporate Family Rating, affirmed at B2;

Probability of Default Rating, affirmed at B2-PD;

Proposed $1.37 billion first lien senior secured term loan B due
2024, assigned at B2 (LGD3);

Proposed $75 million first lien senior secured revolving credit
facility due 2022, assigned at B2 (LGD3);

Outlook remains stable.

All ratings are subject to the execution of the transaction as
currently proposed and Moody's review of final documentation. The
instrument ratings are subject to change if the proposed capital
structure is modified.

The B2 ratings on the company's existing first lien credit
facilities have not been changed, and will be withdrawn upon close
of the transaction.

RATINGS RATIONALE

AlixPartners' B2 CFR reflects its high debt leverage and aggressive
financial policies, which include shareholder distributions that
consume free cash flow. The rating also incorporates longer-term
risks associated with potential shareholder-friendly activities
that the company's sponsor owners may undertake, which could result
in re-leveraging transactions. Additionally, the rating reflects
potential risks related to employee retention, particularly as the
employment and macro-economic environment in the United States
continues to improve. The rating is supported by the company's
solid revenue and earnings growth demonstrated over the recent
years as well as favorable growth prospects in the long term.
Additionally, the ratings are supported by AlixPartners' broad and
counter-balancing portfolio of consulting services that help to
mitigate exposure to economic cycles, the company's generally
consistent track record of outperformance relative to expectations,
and the relative stability of operating margins owing to a high
proportion of variable expenses. The rating is also supported by
the company's good liquidity and solid interest coverage.

The stable rating outlook reflects Moody's expectations that
AlixPartners' revenue and earnings growth will contribute to the
company's modest deleveraging over the next 12 to 18 months. The
stable outlook also reflects Moody's view that the company's
qualitative factors -- counterbalancing business segments and
stable operating margins - help to balance out its high leverage
profile and aggressive financial policies.

AlixPartners has good liquidity, supported by its healthy cash
balance of approximately $155 million pro forma for the proposed
transaction, ample availability under its proposed $75 million
revolving credit facility expiring in 2022, flexibility under the
springing maximum net leverage financial covenant, and an extended
debt maturity profile. Weighing on the positive factors is the
seasonality of cash flows as the company typically pays its
compensation bonuses in Q1 and Q2, often causing free cash flow to
be negative during the first half of the year.

The ratings could be downgraded if the company experiences
declining revenues and profitability, high employee turnover rates,
or if free cash flow weakens meaningfully. Debt-financed dividends
or acquisitions causing adjusted debt to EBITDA to increase above
7.0x and EBITDA less capex to interest to decline below 1.5x, or a
material weakening in liquidity could also pressure the ratings.

The ratings could be upgraded if the company demonstrates a
commitment to more conservative financial policies, sustains its
adjusted debt to EBITDA below 5.0x and EBITDA less capex to
interest above 2.5x.

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

AlixPartners, LLP is a global provider of a broad range of
consulting services, including Enterprise Improvement, Financial
Advisory, Digital, Leadership & Organizational Effectiveness, and
Turnaround & Restructuring. The company operates 25 offices located
in the U.S., Europe, and Asia. Since January 2017, AlixPartners'
owners include the company's founder Jay Alix, a group of investors
composed of CDPQ, PSP Investments, and Investcorp, and its existing
Managing Directors. In 2016, AlixPartners generated over $1 billion
in revenues.


ALUMINUM DESIGN: Case Summary & 20 Largest Unsecured Creditors
--------------------------------------------------------------
Debtor: Aluminum Design Products, LLC
        1055 SW 15th Avenue, Suite 1
        Delray Beach, FL 33444

Case No.: 17-13252

Business Description: Aluminum Design Products, LLC --
                      http://www.aluminumdesignproducts.com/--
                      provides aluminum and glass railings,
                      windows, doors, storefront systems, and many
                      other custom fabricated products to, among
                      other clients, luxury condominiums, office
                      buildings, custom residences and hospitals.

Chapter 11 Petition Date: March 17, 2017

Court: United States Bankruptcy Court
       Southern District of Florida (West Palm Beach)

Judge: Hon. Paul G. Hyman, Jr.

Debtor's Counsel: Ronald Lewis, Esq.
                  LEWIS & THOMAS, LLP
                  165 E Palmetto Park Road, Suite 200
                  Boca Raton, FL 33432
                  Tel: 561.368.7474
                  Fax: 561-368-0293
                  E-mail: rlewis@beltlawyers.com

Total Assets: $175,202

Total Liabilities: $2.18 million

The petition was signed by William S. Toler, manager.

A copy of the Debtor's list of 20 largest unsecured creditors is
available for free at http://bankrupt.com/misc/flsb17-13252.pdf


AMERICAN APPAREL: Seeks Plan Filing Extension Through July 12
-------------------------------------------------------------
APP Winddown LLC, f/k/a American Apparel LLC, et al., ask the U.S.
Bankruptcy Court for the District of Delaware to extend the period
by which the Debtors have the exclusive right to file a plan
through July 12, 2017; and the period by which they have the
exclusive right to solicit acceptances of that plan through
September 10, 2017.

Absent the extension, the Debtors' plan filing period expired on
March 14, 2017.

The Debtors assert that the significant progress they have made to
date, coupled with the short duration of their cases, constitutes
cause to extend the Exclusive Periods.

The Debtors relate that they have just concluded the sale of their
intellectual property and other wholesale assets to Gildan
Activewear SRL for $100 million.

With the Gildan Sale complete, the Debtors inform the Court that
they are now focusing their efforts on monetizing the remainder of
their assets for the benefit of their creditors. In that regard,
the Debtors have closed 19 stores to date, and are currently
running store closing sales in approximately 86 additional stores.
They have negotiated and are preparing to close, subject to court
approval, sales of certain leases, nitrogen oxide emission trading
credits and manufacturing equipment associated with their Garden
Grove, California manufacturing facility. They are also liquidating
their interests in their foreign subsidiaries, analyzing potential
preference claims, collecting outstanding accounts receivable and
marketing their remaining assets. In short, the Debtors are
actively and aggressively seeking to maximize value for the benefit
of creditors.

At the same time, the Debtors add that they are beginning to assess
their options for exiting these cases, including a possible chapter
11 liquidating plan. To that end, the Debtors have actively engaged
with each of their primary creditor constituencies to gauge their
support of a plan and plan process. These discussions are ongoing.
Given the constructive -- albeit preliminary -- state of these
discussions, the Debtors seek and extension of the Exclusive
Periods by 120 days each to allow these discussions to continue.

                About American Apparel

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

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

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

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

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

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

In early 2017, the Debtors succeeded in selling their intellectual
property and certain of their wholesale assets to Gildan Activewear
SRL for approximately $100 million. The Court
approved the Sale on January 12, 2017, and the Sale closed on
February 8, 2017.

On February 9, 2017, in accordance with the closing of the Sale and
the Sale Order, the Debtors filed appropriate documentation to
change their names as:

      New Name                     Former Name
  APP Winddown, LLC             American Apparel, LLC
  APP USA Winddown, LLC         American Apparel (USA), LLC
  APP Retail Winddown, Inc.     American Apparel Retail, Inc.
  APP D&F Winddown, Inc.        American Apparel Dyeing &
                                    Finishing, Inc.
  APP Knitting Winddown, LLC    KCL Knitting, LLC
  APP Shipping Winddown, Inc.   Fresh Air Freight, Inc.


AMERICAN RENAL: S&P Assigns 'B' CCR; Outlook Stable
---------------------------------------------------
S&P Global Ratings assigned its 'B' corporate credit rating to
Beverly, Mass.-based American Renal Associates Holdings Inc.  The
outlook is stable.

S&P's 'B+' issue-level rating on American Renal Holdings Inc.'s
secured debt, consisting of a $100 million revolving credit
facility and a $460 million first-lien term loan, is unchanged. The
'2' recovery rating reflects S&P's expectation for substantial
(70%-90%; rounded estimate: 80%) recovery in the event of payment
default.

"American Renal's narrow treatment focus, pricing pressure from
Medicare and other third-party payors, and somewhat limited
geographic diversity are key factors in our assessment of business
risk," said S&P Global Ratings credit analyst Kim Logan.  Payor mix
is a key credit consideration for U.S. dialysis companies because
Medicare and other government programs reimburse at a lower rate
than commercial insurers, and account for the overwhelming majority
of patient treatments and generate minimal if any profitability.

The company's 2016 payor mix was 83% government, 4% ACA, and 13%
commercial.  S&P also expects Medicare rate increases to lag cost
increases, placing ongoing pressure on margins.  Thus, the
percentage of treatments that commercial insurers cover, the
commercial insurers' pricing, and efficient management practices
are key mitigating strategies.  However, payor mix risk extends to
the commercial payors because of the pricing risk, due to their
aggressive negotiations with dialysis service providers.

American Renal's smaller operating scale compared to its larger
peers reduces its bargaining power when it is negotiating
reimbursement rates with large commercial insurers.  It also
affects its ability to source drugs and supplies at lower costs. In
the U.S., American Renal holds about a 3% market share in terms of
number of patient treated while its two large competitors, Davita
and Fresenius, together hold about a 70% market share.

S&P's stable rating outlook on American Renal Associates Holdings
Inc. reflects S&P's expectations for continued organic growth, new
de novo facilities, and over $70 million in free operating cash
flow before distributions to non-controlling interests.  S&P
expects leverage to remain above 5.0x for the next few years with
slow deleveraging through EBITDA growth as distributions to
non-controlling interests approximate the company's free operating
cash flow.

S&P could lower its rating if the EBITDA margin contracts by an
estimated 200 basis points below S&P's expectation.  This could
occur if new clinics underperform historical levels, reimbursement
is weaker than expected because of a further unfavorable shift in
payor mix, there is reduced reimbursement from commercial payors,
or the company faces difficulties managing costs.

Although not likely in 2017, S&P could raise its ratings if
American Renal steadily deleverages through EBITDA growth to
achieve sustained adjusted leverage at or below 5x.  This would
correspond to an increase in gross margin of more than 400 basis
points from S&P's 2017 estimates.



ANSWERS HOLDINGS: Hires Rothschild as Financial Advisor
-------------------------------------------------------
Answers Holdings, Inc., et al., seek permission from the U.S.
Bankruptcy Court for the Southern District of New York to employ
Rothschild Inc., as financial advisor and investment banker, nunc
pro tunc to March 3, 2017.

The Debtors require Rothschild to:

     a. identify potential Transactions;

     b. review and analyze the Debtors' assets and the operating
and financial strategies of the Debtors;

     c. review and analyze the business plans and financial
projections prepared by the Debtors including, but not limited to,
testing assumptions and comparing those assumptions to historical
Debtors and industry trends;

     d. evaluate the Debtors' debt capacity in light of its
projected cash flows and assist in the determination of an
appropriate capital structure for the Debtors;

     e. assist the Debtors in raising new debt or equity capital,
including developing marketing materials, creating and maintaining
a data room and contact log, initiating contact with potential
capital providers and running the process for a New Capital Raise;

     f. assist the Debtors and their other professionals in
reviewing the terms of any proposed Transaction, in responding
thereto and, if directed, in evaluating alternative proposals for a
Transaction;

     g. determine a range of values for the Debtors and any
securities that the Debtors offer or propose to offer in connection
with a Transaction;

     h. advise the Debtors on the risks and benefits of considering
a Transaction with respect to the Debtors’ intermediate and
long-term business prospects and strategic alternatives to maximize
the business enterprise value of the Debtors;

     i. review and analyze any proposals the Debtors receive from
third parties in connection with a Transaction, including, without
limitation, any proposals for debtor-in-possession financing, as
appropriate;

     j. assist or participate in negotiations with the parties in
interest, including, without limitation, any current or prospective
creditors of, holders of equity in, or claimants against the
Debtors and/or their respective representatives in connection with
a Transaction;

     k. advise the Debtors with respect to, and attend, meetings of
the Debtors' Board of Directors, creditor groups, official
constituencies and other interested parties, as necessary;

     l. if requested by the Debtors, participate in hearings before
the Court and provide relevant testimony with respect to the
matters described in the Engagement Letter and issues arising in
connection with any proposed Plan; and

     m. render (but only to the extent permitted by further orders
of the Court) such other financial advisory and investment banking
services as may be agreed upon by Rothschild and the Debtors.

The Debtors have agreed to pay Rothschild the proposed compensation
in the Engagement Letter:

     a. Monthly Fee: From June 9, 2016 through October 31, 2016,
$100,000 per month. Commencing with November 1, 2016 and
thereafter, $150,000 per month. The initial Monthly Fee was payable
by the Debtors on June 9, 2016, pro rated for the first month, and
has thereafter been due in advance on the first day of each
successive month. Rothschild shall credit against the Completion
Fee: (a) 50% of the Monthly Fees paid (including any monthly fees
paid pursuant to the Prior Agreement) in excess of $300,000 (the
"Monthly Fee Credit"), and (b) 100% of any Asset Sale Fees paid
(the "Asset Sale Fee Credit").

     b. Completion Fee: $3,250,000 payable upon the earlier of (i)
the confirmation and effectiveness of a Plan, and (ii) the closing
of a Transaction.

     c. New Capital Fee: A fee equal to:

         (1) 1.0% of the face amount of any senior secured or
junior secured debt raised, including, without limitation, any
debtor-in-possession financing raised;

         (2) 3.0% of the face amount of any senior or subordinated
unsecured debt raised; and

         (3) 3.0% of any equity capital, capital convertible into
equity or hybrid capital raised, including, without limitation,
equity underlying any warrants, purchase rights or similar
contingent equity securities.

          A New Capital Fee shall not be payable solely with
respect to any new capital provided by Apax or any of its
affiliates. The New Capital Fee shall be payable upon the closing
of the transaction by which the new capital is committed.

     d. Asset Sale Fee: A fee, payable immediately upon the
consummation of each Asset Sale, equal to 1.0% of the aggregate
Consideration involved in such Asset Sale; provided, that each
Asset Sale Fee payable upon the closing of an Asset Sale shall be
no less than $500,000.

     e. Cap: In no event shall the aggregate of the Monthly Fees,
New Capital Fee(s), Asset Sale Fee(s), and Completion Fee paid to
Rothschild (together with any monthly fees paid to Rothschild
pursuant to the Prior Agreement) exceed $4,000,000 (after
application of the Monthly Fee Credit and the Asset Sale Fee
Credit).

     f. Expenses: In addition to the fees described above, the
Debtors agree to reimburse Rothschild for the expenses incurred by
Rothschild in connection with the matters contemplated by the
Engagement Letter.

During the 90-days immediately preceding the Petition Date,
Rothschild received the following payments in connection with its
current engagement under the Engagement Letter: (a) fee payments
totaling $750,000.00; and (b) expense-reimbursement payments
totaling $70,646.60 (including $50,000.00 paid on account of
anticipated expenses, it being understood that, if actual expenses
are determined to be lower than $50,000.00, any excess amount shall
be credited against future fees and expenses payable under the
Engagement Letter). Other than as set forth herein, Rothschild did
not receive any payments from the Debtors during the 90 days
immediately preceding the Petition Date.

Within one year prior to the Petition Date, the Debtors paid
Rothschild $1,233,333.33 in fees and $107,132.18 in expense
reimbursements.

Neil A. Augustine, Executive Vice Chairman of North American Global
Advisory and Co-Chair of the North American Debt Advisory and
Restructuring Group at Rothschild 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.

Rothschild can be reached at:

    Neil A. Augustine
    Rothschild, Inc.
    1251 Avenue of the Americas, 33rd Floor
    New York, NY 10020
    Tel: (212)403-5411
    E-mail: neil.augustine@rothschild.com

                     About Answers Holdings

Based in St. Louis, Missouri, Answers Holdings Inc. began in
February 2006 as AFCV, a portfolio of e-commerce technologies, and
launched its initial question and answer platform in June 2009.  

In April 2011, the company acquired the www.answers.com domain,
which has since become its most trafficked website.  In an effort
to provide a full suite of solutions that span the customer life
cycle, the company acquired Webcollage and ForeSee in May and
December, 2013, respectively.  

In October 2014, an investment fund managed by Apax Partners, L.P.,
a global private equity firm, acquired the Company through a
merger.  The purchase price consideration was $914 million, which
included a cash equity contribution by an investment fund managed
by Apax.

Answers Holdings sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. S.D. N.Y. Case No. 17-10496) on March 3,
2017.  On the same day, 10 of its affiliates filed separate
petitions.  The petitions were signed by Justin P. Schmaltz, chief
restructuring officer.  The cases are assigned to Judge Stuart M.
Bernstein.

At the time of the filing, the Debtors estimated their assets at
$100 million to $500 million and debts at $500 million to $1
billion.  

Kirkland & Ellis LLP represents the Debtors as bankruptcy counsel.
Alvarez & Marsal North America, LLC serves as restructuring
advisor.  Rust Consulting/Omni Bankruptcy serves as claims and
noticing agent.


ANSWERS HOLDINGS: Taps Rust Consulting as Claims Agent
------------------------------------------------------
Answers Holdings, Inc. seeks approval from the U.S. Bankruptcy
Court for the Southern District of New York to hire Rust
Consulting/Omni Bankruptcy as claims and noticing agent.

The services to be provided by the firm include overseeing the
distribution of notices, and the processing and docketing of proofs
of claim filed in the Chapter 11 cases of Answers Holdings and its
affiliates.

The hourly rates charged by the firm are:

     Clerical Support            $26.25 - $37.50
     Project Specialist          $48.75 - $63.75
     Project Supervisor          $63.75 - $78.75
     Consultant                 $78.75 - $105.00
     Technology/Programming     $82.50 - $123.75    
     Senior Consultant         $131.25 - $146.25
     Equity Services                     $168.75

Paul Deutch, executive managing director of Rust Consulting,
disclosed in a court filing that the firm is a "disinterested
person" as defined in section 101(14) of the Bankruptcy Code.

The firm can be reached through:

     Paul H. Deutch
     Rust Consulting/Omni Bankruptcy
     16501 Ventura Boulevard, Suite 440
     Encino, CA 91436

                     About Answers Holdings

Based in St. Louis, Missouri, Answers Holdings Inc. began in
February 2006 as AFCV, a portfolio of e-commerce technologies, and
launched its initial question and answer platform in June 2009.  

In April 2011, the company acquired the www.answers.com domain,
which has since become its most trafficked website.  In an effort
to provide a full suite of solutions that span the customer life
cycle, the company acquired Webcollage and ForeSee in May and
December, 2013, respectively.  

In October 2014, an investment fund managed by Apax Partners, L.P.,
a global private equity firm, acquired the Company through a
merger.  The purchase price consideration was $914 million, which
included a cash equity contribution by an investment fund managed
by Apax.

Answers Holdings sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. S.D. N.Y. Case No. 17-10496) on March 3,
2017.  On the same day, 10 of its affiliates filed separate
petitions.  The petitions were signed by Justin P. Schmaltz, chief
restructuring officer.  The cases are assigned to Judge Stuart M.
Bernstein.

At the time of the filing, the Debtors estimated their assets at
$100 million to $500 million and debts at $500 million to $1
billion.  

Kirkland & Ellis LLP represents the Debtors as bankruptcy counsel.
Alvarez & Marsal North America, LLC serves as restructuring
advisor.


APOLLO SOLAR: Wants Authority to Use DECD, ESC Cash Collateral
--------------------------------------------------------------
Apollo Solar, Inc., seeks authorization from the U.S. Bankruptcy
Court for the District of Connecticut to use cash collateral.

The Debtor's proposed operating budget reflects estimated total
monthly expenses of approximately $19,831.

The State of Connecticut Department of Economic and Community
Development alleged a first priority secured claim against all the
Debtor's assets, including the Debtor's accounts receivable.  In
addition, Electronic Specialties of Connecticut, Inc. may claim an
interest in Debtor's cash due to their prejudgment remedy
attachment on Debtor's prepetition bank accounts on or about
January 19, 2017.

The Debtor proposes to grant to the DECD and Electronic Specialties
with replacement lien in all after acquired cash collateral to the
same  extent, priority and validity as existed on the Petition
Date, subject and subordinate to a carveout.

The carve-out consists of: (A) amounts payable by the Debtor under
Section 1930(a)(6) of Title 28 of the Unites States Code, (B) for
post-petition wages and employment taxes, and (C) approved fees and
expenses of the Debtor's and any Committee's professionals.

Additionally, the Debtor requests a final hearing for the authority
to use cash collateral to be held on or before April 30, 2017.

A full-text copy of the Debtor's Motion, dated March 9, 2017, is
available at http://tinyurl.com/gnqteq9

                        About Apollo Solar, Inc.                   
   

Apollo Solar, Inc. filed a Chapter 11 petition (Bankr. D. Conn.
Case No. 17-50247), on March 7, 2017.  The petition was signed by
John Pfeifer, president. The case is assigned to Judge Julie A.
Manning.  The Debtor is represented by Scott M. Charmoy, Esq. at
Charmoy & Charmoy.  At the time of filing, the Debtor had less than
$50,000 in estimated assets and $1 million to $10 million in
estimated liabilities.


AQUION ENERGY: Taps Roski of Protiviti as CRO
---------------------------------------------
Aquion Energy, Inc., seeks authority from the U.S. Bankruptcy Court
for the District of Delaware to employ the Suzanne Roski of
Protiviti, Inc. as chief restructuring officer to the Debtor.

Aquion Energy requires Protiviti to:

   a. assist the Debtor with cash flow budgeting, including to
      analyze actual cash receipts and disbursements and develop
      projections;

   b. interact and negotiate with lenders and creditors as needed
      to facilitate the process;

   c. assist the Debtor with marketing, financial analysis and
      modeling and negotiations of bids with a stalking horse or
      other interested parties to support the closing of a sale
      transaction;

   d. provide oversight and management of the Debtor's remaining
      employees and consultants;

   e. assist counsel and provide support and testimony, if
      needed, for any motions or proceedings that arise during
      the pendency of the case; and

   f. assist the Debtor with other ad hoc services, as required
      or requested.

Protiviti will be paid at these hourly rates:

     Managing Director                            $690
     Directors & Associate Directors              $500-$530
     Senior Managers & Managers                   $350-$410
     Senior Consultants & Consultant              $210-$250

On February 27, 2017, Protiviti received a retainer from the Debtor
in the amount of $150,000.

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

Suzanne Roski, partner of Protiviti, Inc., assured the Court that
the firm anl its professionals are 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.

Protiviti can be reached at:

     Suzanne Roski
     PROTIVITI, INC.
     1051 East Cary St., Suite 602
     Richmond, VA 23219
     Tel: (804) 644-7000
     Fax: (804) 644-7055

              About Aquion Energy, Inc.

Aquion Energy, Inc., f/k/a 44 Tech, Inc., filed a Chapter 11
petition (Bankr. D. Del. Case No. 17-10500) on March 8, 2017.
Aquion Energy develops and manufactures batteries and energy
storage systems. The Company offers sodium-ion batteries for use in
micro-grid support, off-grid generator optimization, and grid-level
energy service application. The case is assigned to Judge Kevin J.
Carey.

The Debtor's counsel is Laura Davis Jones, Esq., and Joseph Michael
Mulvihill, Esq., at Pachulski Stang Ziehl & Jones LLP, in
Wilmington, Delaware. The Debtor tapped Kurtzman Carson
Consultants, LLC, as claims and noticing agent, and Suzanne Roski
of Protiviti, Inc. as CRO.  Ms. Roski signed the bankruptcy
petition.

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


ARROYO VISION CARE: April 26 Plan Confirmation Hearing
------------------------------------------------------
Judge Sheri Bluebond of the U.S. Bankruptcy Court for the Central
District of California convened a hearing on February 15, 2017, to
consider the motion filed by Elissa D. Miller, the Chapter 11
trustee for Arroyo Vision Care, LLC, for order approving the
disclosure statement explaining the Trustee's Plan of
Reorganization, and found that the Disclosure Statement contains
adequate information.

The Court established these deadlines in connection with balloting
and the Court's consideration of confirmation of the Plan:

   * April 12, 2017, at 5:00 p.m., Pacific Standard Time, is the
Voting Deadline by which all ballots accepting or rejecting the
Plan must be received by the Trustee's counsel

   * The deadline by which any party objecting to confirmation of
the Plan must file and serve its objection and evidence in support
thereof is April 12, 2017

   * The deadline by which the Trustee's initial memorandum and
evidence in support of confirmation of the Plan (which shall
include any reply to any objection to the Plan), including ballot
tabulation and declaration of tabulator, must be filed and served
is April 19, 2017.

   * The Confirmation hearing will be held on April 26, 2017, at
2:00 p.m., Pacific Standard Time.

              About Arroyo Vision Care, LLC

Arroyo Vision Care, LLC, filed a Chapter 11 bankruptcy petition
(Bankr. C.D. Cal. Case No. 16-10742) on Jan. 20, 2016.  Judge
Sheri Bluebond presides over the case.  The Michael D. Kwasigroch
Law Firm represented the Debtor as counsel.  In its petition, the
Debtor estimated $1 million to $10 million in both assets and
liabilities.  The petition was signed by Gary Lefkowitz, CEO.

Elissa Miller has been appointed as the Chapter 11 Trustee for the
Debtor.  The Chapter 11 Trustee is represented by Daniel A. Lev,
Esq., and Asa S. Hami, Esq., at Sulmeyerkupetz, A Professional
Corporation, in Los Angeles, California.


ASSOCIATED ASPHALT: S&P Raises CCR to 'B+'; Outlook Stable
----------------------------------------------------------
S&P Global Ratings said it raised its corporate credit rating and
issue-level rating on Associated Asphalt Partners LLC from 'B' to
'B+'.  The rating outlook is stable.

In February 2017, U.S. asphalt supplier Associated Asphalt Partners
LLC purchased Axeon Marketing, including its 13 leased storage
terminals.

At the same time, S&P assigned its 'B+' issue-level rating and '3'
recovery rating to Associated's $325 million proposed senior
secured term loan B due 2024.  The '3' recovery rating indicates
S&P's view that lenders can expect meaningful (50% to 70%; rounded
estimate: 60%) recovery if a payment default occurs.

"The stable outlook reflects our expectation that Associated
Asphalt will maintain adequate liquidity and financial leverage
below 5x, excluding peak working capital borrowings, for the next
12 to 18 months," said S&P Global Ratings credit analyst Jacqueline
Fay.

S&P could lower the rating if liquidity becomes constrained or if
it expects adjusted debt leverage above 5x, excluding working
capital debt.

Though unlikely in the next few years, S&P could consider higher
ratings if Associated adapts a much more conservative financial
policy.



ASTROTURF LLC: Unsecureds to Get 38% Under Liquidation Plan
-----------------------------------------------------------
AstroTurf, LLC, filed with the U.S. Bankruptcy Court for the
Northern District of Georgia a disclosure statement dated March 6,
2017, for the Debtor's plan of liquidation.

The Debtor currently anticipates that each holder of an allowed
Class 5 General Unsecured Claim will receive total distributions
aggregating approximately 38% of the claim.  With respect to the
timing of the distributions, the Debtor anticipates that FieldTurf
and holders of Allowed Class 5 General Unsecured Claims will
receive their distributions no later than May 15, 2017.

Class 5 General Unsecured Claims -- estimated at $1,320,000 -- are
impaired by the Plan.  The holders will receive a pro rata (based
on total allowed claims in Class 4 and Class 5) distribution of the
settlement fund (less an amount being reserved on account of
disputed claims in Class 5 and Class 6) after the payment and
satisfaction of all allowed claims in Class 6.

The Plan is structured consistent with the settlement agreement and
provides for the creation of a settlement fund in the amount of
$13,500,000 (less any FieldTurf Expenses in an amount not to exceed
$1,000,000), which serves as the sole source of recovery for
FieldTurf and other non-affiliate unsecured creditors.  The
remaining proceeds from the sale will be used to pay administrative
expense claims, priority tax claims, Sec. 503(b)(9) claims, and any
other priority claims.  Any remaining proceeds are then to be
distributed to the prepetition lender on account of its allowed
secured claim.

A copy of the Disclosure Statement is available at:

          http://bankrupt.com/misc/ganb16-41504-369.pdf

                      About Astroturf, LLC

AstroTurf, LLC, formerly known as General Sports Turf, LLC, was
formed under the laws of the state of Michigan on Jan. 23, 2003.
Initially, the Debtor sold and installed a range of goods and
equipment for stadiums, including stands, lighting, and sound
systems.  In April 2004, Textile Management Associates, Inc., the
Debtor's current majority equity holder, purchased the intellectual
property associated with the AstroTurf brand pursuant to a sale
under Section 363 of the Bankruptcy Code in the bankruptcy case of
Southwest Recreational Industries, Inc. (Bankr. N.D. Ga. Case No.
04-40656).  In 2009, AstroTurf, LLC, a Georgia limited liability
company and subsidiary of TMA, merged with the
Debtor -- the Debtor was the surviving entity after the merger.
Shortly thereafter, the Debtor changed its name to AstroTurf, LLC.
At the time of the merger, the Debtor ceased its sale of stadium
equipment and transitioned into the synthetic turf business.

On the bankruptcy filing date, the Debtor marketed, sold, and
installed high quality indoor and outdoor synthetic grass athletic
surfaces, including field, track, and tennis surfaces throughout
North America, Europe, Russia, and Africa.  The Debtor's customers
included university athletic departments, sports facilities, and
other purchasers of synthetic turf.  During the bankruptcy case,
the Debtor sold substantially all of its assets; accordingly, the
Debtor no longer operates a synthetic turf business.

The Debtor sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. N. D. Ga. Case No. 16-41504) on June 28, 2016.  The
petition was signed by Sean M. Harding, chief restructuring
officer.  At the time of the filing, the Debtor estimated its
assets and liabilities at $10 million to $50 million.

The case is assigned to Judge Paul W. Bonapfel.  The Debtor is
represented by Paul K. Ferdinands, Esq., at King & Spalding LLP, as
Chapter 11 counsel, and Wilmer Cutler Pickering Hale and Dorr LLP
as special counsel.  Kurtzman Carson Consultants LLC serves as the
Debtor's claims, noticing, and balloting agent.

The official committee of unsecured creditors retained Morris,
Manning & Martin, LLP as its legal counsel, and GlassRatner
Advisory & Capital Group, LLC as its financial advisor.


AZTEC OIL: Creditors File Competing Chapter 11 Plan of Liquidation
------------------------------------------------------------------
Franklin Fisher, Jr., and Livingston Growth Fund Trust, creditors
of Aztec Oil & Gas, Inc., and Azetec Energy, LLC, filed with the
U.S. Bankruptcy Court for the Southern District of Texas a
disclosure statement describing their competing Chapter 11 plan of
liquidation for the Debtors.

The Plan proposed by Mr. Fisher and the Livingston Growth Fund
Trust provides that all remaining assets of the Debtors will be
transferred to Aztec Oil, with all litigation claims transferred to
a litigation trust for the benefit of all unsecured creditors.  All
entities will be dissolved other than Aztec Oil, which will
continue operations.  According to the Disclosure Statement, Mr.
Fisher, since 2006, was constantly called upon to lend money to
Aztec to keep it afloat.

Class 3 General Unsecured Claims are impaired by the Plan.  Under
the Plan, each unsecured creditor of the Debtors will receive a
beneficial interest in the litigation trust, and will receive the
net proceeds of the litigation trust pro rata.

On the Effective Date, the Litigation Trust will be created.  The
Litigation Trust will be governed by the Litigation Trust
Agreement, the Plan and the plan confirmation court order.  The
terms of the employment of the Litigation Trustee will be set forth
in the Litigation Trust Agreement or the Confirmation Order.  On
the Effective Date, the Debtors will transfer all assets to Aztec
Oil.  Aztec Oil will then transfer all claims and causes of action
to the Litigation Trust.  All transfers to the Litigation Trust
will be free and clear of all liens, claims, interests and
encumbrances.  Holders of allowed claims will look solely to the
Litigation Trust for the satisfaction of their claims.  For federal
income tax purposes, the transfer of the identified assets to the
Litigation Trust will be deemed to be a transfer to the holders of
allowed claims (who are the Litigation Trust beneficiaries),
followed by a deemed transfer by beneficiaries to the Litigation
Trust.

The Disclosure Statement is available at:

           http://bankrupt.com/misc/txsb16-31895-173.pdf

As reported by the Troubled Company Reporter on Oct. 25, 2016, the
Debtors filed with the Court a disclosure statement describing the
Debtors' Chapter 11 plan of liquidation.  Under that plan, Class 3
General Unsecured Claims are impaired and payments to the holders
are distributed by liquidating trustee via available cash pro rata
to holders of allowed general unsecured claims.

The Plan Proponents are represented by:

     Johnie Patterson, Esq.
     WALKER & PATTERSON, P.C.
     P.O. Box 61301
     Houston, TX 77208-1301
     Tel: (713) 956-5577
     Fax: (713) 956-5570
     E-mail: jjp@walkerandpatterson.com

                      About Aztec Oil & Gas

Houston, Texas-based Aztec Oil & Gas, Inc. (Bankr. S.D. Tex. Case
No. 16-31895) and affiliates Aztec Energy, LLC (Bankr. S.D. Tex.
Case No. 16-31896), Aztec Operating Company (Bankr. S.D. Tex. Case
No. 16-31897), Aztec Drilling & Operaring LLC (Bankr. S.D. Tex.
Case No. 16-31898), Aztec VIIIB Oil & Gas LP (Bankr. S.D. Tex. Case
No. 16-31899), Aztec VIIIC Oil & Gas LP (Bankr. S.D. Tex. Case No.
16-31900), Aztec XA Oil & Gas LP (Bankr. S.D. Tex. Case No.
16-31901), Aztec XB Oil & Gas LP (Bankr. S.D. Tex. Case No.
16-31902), Aztec XC Oil & Gas LP (Bankr. S.D. Tex. Case No.
16-31903), Aztec XI-A Oil & Gas LP (Bankr. S.D. Tex. Case No.
16-31904), Aztec XI-B Oil & Gas LP (Bankr. S.D. Tex. Case No.
16-31905), Aztec XI-C Oil & Gas LP (Bankr. S.D. Tex. Case No.
16-31907), Aztec XI-D Oil & Gas LP (Bankr. S.D. Tex. Case No.
16-31908), Aztec XII-A Oil & Gas LP(Bankr. S.D. Tex. Case No.
16-31909), Aztec XII-B Oil & Gas LP (Bankr. S.D. Tex. Case No.
16-31910), Aztec XII-C Oil & Gas LP (Bankr. S.D. Tex. Case No.
16-31911), Aztec Comanche A Oil & Gas LP (Bankr. S.D. Tex. Case No.
16-31912), and Aztec Comanche B Oil & Gas, LP (Bankr. S.D. Tex.
Case No. 16-31913) filed separate Chapter 11 bankruptcy petitions
on April 13, 2015.  The petitions were signed by Jeremy Driver,
president.

Judge David R. Jones presides over Aztec Oil & Gas' case.  Judge
Marvin Isgur presides over the cases of Aztec Energy, LLC, and
Aztec Operating Company.

Kristin Nicole Rhame, Esq., at Christin, Smith & Jewell, LLP,
serves as the Debtors' bankruptcy counsel.

Aztec Oil & Gas, Inc., estimated assets between $100,000 and
$500,000 and its liabilities between $500,000 and $1 million.

Aztec Energy, LLC, and Aztec Operating Company each estimated their
assets and liabilities at up to $50,000 each.


B. PINELLI INC: Wants to Continue Using Independence Bank Cash
--------------------------------------------------------------
B. Pinelli, Inc. requests the U.S. Bankruptcy Court for the
District of Rhode Island to allow it to continue using the cash
collateral of Independence Bank through April 8, 2017.

The Debtor further requests the Court to allow it to continue
providing Independence Bank with adequate protection.

The Debtor relates that the Court has previously authorized its
continued use of cash collateral through March 8, 2017, pursuant to
a certain budget for the period February 4, 2017 to March 11, 2017.


Unfortunately, various factors, beyond Debtor's control, adversely
affected the cash flow such that the Debtor has been unable to meet
its budget projections and failed make the adequate protection
payment of $2,500 to Independence Bank on February 28, 2017.
Accordingly, the Debtor's counsel notified the Bank's counsel of
the cash flow issue and the Debtor made the payment on March 7,
2017.

The Debtor relates that it intended to continue to operate the
restaurant and market all of its assets through its Court-approved
Broker as a going concern for a period of approximately ninety days
and sell the assets to the highest bidder for the benefit of
creditors.

In addition, the Debtor asserts that the sale of assets through the
Broker will lead to a higher sales price than that which the Bank
and creditors will realize through an auction sale after business
operations are terminated.

A full-text copy of the Debtor's Motion, dated March 7, 2017, is
available at http://tinyurl.com/j5pwgpl


                       About B. Pinelli, Inc.

B. Pinelli, Inc. and its affiliate Pinelli's Realty, Inc. filed
separate Chapter 11 petitions (Bankr. D.R.I. Case Nos. 17-10037 and
17-10038, respectively), on January 11, 2017. The Petitions were
signed by William Pinelli, president. The Debtors are represented
by Peter J. Furness, Esq. at Richardson, Harrington & Furness.

At the time of filing, B. Pinelli had $100,000 to $500,000 in
estimated assets and $500,000 to $1 million in estimated
liabilities, while Pinelli's Realty had $1 million to $10 million
in estimated assets and $500,000 to $1 million in estimated
liabilities.


BAIA LLC: Hires Arnold Financial as Special Controller
------------------------------------------------------
BAIA, LLC and Ridgeville Plaza, Inc., seek permission from the U.S.
Bankruptcy Court for the District of Maryland to employ Arnold
Financial Consulting, LLC d/b/a Marcher Consulting as special
controller.

The Debtors require Arnold to:

     a. take and maintain possession, custody, and control of the
Debtor's books, financial records and financial accounts;

     b. subject to Court approval, retain professionals, including
accountants, to prepare financial reports, file tax returns or any
other necessary or appropriate filings;

     c. assume role of signatory on all of the Debtors' financial
accounts for the purposes of approving and making any and all
payments to any insider of the Debtors, including, without
limitation, ARG365, LLC (Debtors' management company);

     d. review and approve all financial reports which the Debtors
are required to file with the Court, SF or any other party entitled
to financial reporting;

     e. exercise supervision over the Debtors' inside or outside
accounting staff;

     f. assure that the Debtors follow acceptable accounting
practices in the conduct of its post-petition business and make no
payments (unless approved and paid by Arnold) to insiders from and
after the date of his appointment;

     g. upon the discovery of any post-petition financial
impropriety of the Debtors, notify the Debtors and the Court as to
the required corrective action;

     h.. assist the Debtors as needed or requested in connection
with the marketing, execution and administration of leases and
contracts, with due deference to the business judgment of the
Debtors' management;

     i. perform any other financial management, consulting and/or
accounting function or task deemed to be in the best interest of
the bankruptcy estates and their creditors; and

     j. assemble and analyze the payments to insiders in the
one-year preceding the Petition Date.

Arnold will be paid at these hourly rates:

     Arnold                      $200
     Associate                   $150
     Senior Analyst              $100

William H. Arnold, CPA, managing member of Arnold Financial
Consulting, LLC d/b/a Marcher Consulting, 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.

Arnold can be reached at:

      William H. Arnold, CPA
      Arnold Financial Consulting, LLC d/b/a Marcher Consulting
      8403 Colesville Road, Suite 1100
      Silver Spring, MD 20910
      Tel: 301-706-5782
      E-mail: bill@marcherconsulting.com

                        About Baia, LLC

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

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



BAILEY RIDGE: Creditors' Panel Hires Goldstein as Lead Counsel
--------------------------------------------------------------
The Official Committee of Unsecured Creditors of Bailey Ridge
Partners, LLC, seeks authorization from the U.S. Bankruptcy Court
for the Northern District of Iowa to retain  Goldstein & McClintock
LLLP as lead counsel to the Debtor.

Bailey Ridge requires Goldstein to:

   a. advise the Committee on all legal issues as they arise;

   b. represent and advise the Committee regarding the terms of
      any sales of assets or plans of reorganization or
      liquidation, and assist the Committee in negotiations with
      the Debtor and other parties;

   c. investigate the Debtor's assets and pre-bankruptcy conduct;

   d. prepare, on behalf of the Committee, all necessary
      pleadings, reports, and other papers;

   e. represent and advise the Committee in all proceedings in
      the case;

   f. assist and advise the Committee in its administration; and

   g. provide other services as are customarily provided by
      counsel to a creditors' committee in cases of this nature.

Goldstein will be paid at these hourly rates:

     Partner                     $735
     Associate                   $275
     Legal Assistants            $175-$255

Goldstein will be paid a retainer in the amount of $5,000.

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

Matthew E. McClintock, partner of Goldstein & McClintock LLLP,
assured the Court that the firm and its professionals are 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.

Goldstein can be reached at:

     Matthew E. McClintock, Esq.
     GOLDSTEIN & MCCLINTOCK LLLP
     208 South LaSalle Street, Suite 1750
     Chicago, IL 60604
     Tel: (312) 337-7700
     Fax: (312) 277-2305
     E-mail: mattm@restructuringshop.com

              About Bailey Ridge Partners, LLC

Bailey Ridge Partners LLC, based in Kingsley, Iowa, filed a chapter
11 petition (Bankr. N.D. Iowa Case No. 17-00033) on Jan. 11, 2017.
The petition was signed by Floyd Davis, managing member. The Debtor
is represented by Donald H. Molstad, Esq., at Molstad Law Firm. The
Debtor estimated assets at $0 to $50,000 and liabilities at $10
million to $50 million at the time of the filing.

On March 2, 2017, the Office of the U.S. Trustee appointed the
official committee of unsecured creditors. The Committee hires
Goldstein & McClintock LLLP as lead counsel, and Dickinson Mackaman
Tyler & Hagen, P.C. as Iowa counsel.


BAILEY RIDGE: Creditors' Panel Hires Mackaman as Iowa Counsel
-------------------------------------------------------------
The Official Committee of Unsecured Creditors of Bailey Ridge
Partners, LLC, seeks authorization from the U.S. Bankruptcy Court
for the Northern District of Iowa to retain  Dickinson Mackaman
Tyler & Hagen, P.C. as Iowa counsel to the Debtor.

Bailey Ridge requires Mackaman to:

   a. advise the Committee on all legal issues as they arise;

   b. represent and advise the Committee regarding the terms of
      any sales of assets or plans of reorganization or
      liquidation, and assist the Committee in negotiations with
      the Debtor and other parties;

   c. investigate the Debtor's assets and pre-bankruptcy conduct;

   d. prepare, on behalf of the Committee, all necessary
      pleadings, reports, and other papers;

   e. represent and advise the Committee in all proceedings in
      the case;

   f. assist and advise the Committee in its administration; and

   g. provide such other services as are customarily provided by
      counsel to a creditors' committee in cases of this nature.

Mackaman will be paid at the hourly rate of $285.

Mackaman will be paid a retainer in the amount of $2,500.

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

Bradley R. Kruse, member of Dickinson Mackaman Tyler & Hagen, P.C.,
assured the Court that the firm and its professionals are 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.

Mackaman can be reached at:

     Bradley R. Kruse, Esq.
     DICKINSON MACKAMAN TYLER & HAGEN, P.C.
     699 Walnut Street, Suite 1600
     Des Moines, IA 50309
     Tel: (515) 246-4505
     Fax: (515) 244-2600
     E-mail: bkruse@dickinsonlaw.com

              About Bailey Ridge Partners, LLC

Bailey Ridge Partners LLC, based in Kingsley, Iowa, filed a chapter
11 petition (Bankr. N.D. Iowa Case No. 17-00033) on Jan. 11, 2017.
The petition was signed by Floyd Davis, managing member. The Debtor
is represented by Donald H. Molstad, Esq., at Molstad Law Firm. The
Debtor estimated assets at $0 to $50,000 and liabilities at $10
million to $50 million at the time of the filing.

On March 2, 2017, the Office of the U.S. Trustee appointed the
official committee of unsecured creditors. The Committee hires
Goldstein & McClintock LLLP as lead counsel, and Dickinson Mackaman
Tyler & Hagen, P.C. as Iowa counsel.


BILL BARRETT: Liquidity Enhanced with $110-Mil. Equity Offering
---------------------------------------------------------------
An updated corporate presentation for March 2017 was posted on  
Bill Barrett Corporation's website at www.billbarrettcorp.com on
March 14, 2017.  The Company discussed, among other things,
corporate overview, debt reduction initiatives and 2017 guidance
and outlook.  According to the Company:

  * a significant debt reduction was accomplished in challenging
    commodity price environment;

  * its liquidity was enhanced with the completion of equity
    offering in December 2016 with a net cash proceeds of $110;

  * it has undrawn credit facility with borrowing base of $300
    million; and

  * its nearest debt maturity is 2019.

2016 highlights include:

   -- Production of 6.1 MMBoe was at mid-point of guidance range
  
   --Net Cash from Operations of approximately $122 million

   -- Capital expenditures of $98 million were 22% below
      discretionary cash flow

   -- Delivered cost improvement as LOE averaged $4.58 per Boe,
      represents 29% improvement

   -- DJ Basin oil price differential narrowed to a basin leading
      $3.45 per barrel, represents 58% improvement

   -- Financially well positioned with significant cash position,
      undrawn credit facility and solid hedge position

A copy of the March 2017 Corporate Presentation is available at:

   http://bankrupt.com/misc/CorporateUpdateMarch2017.pdf

                    About Bill Barrett

Denver-based Bill Barrett Corporation is an independent energy
company that develops, acquires and explores for oil and natural
gas resources.  All of the Company's assets and operations are
located in the Rocky Mountain region of the United States.

Bill Barrett reported a net loss of $170.4 million on $178.8
million of total operating revenues for the year ended Dec. 31,
2016, compared to a net loss of $487.8 million on $207.9 million of
total operating revenues for the year ended Dec. 31, 2015.
The Company's balance sheet at Dec. 31, 2016, showed $1.38 billion
in total assets, $813.79 million in total liabilities and $571.54
million in total stockholders' equity.

                         *    *    *

In June 2016, Moody's Investors Service affirmed Bill Barrett
Corporation's 'Caa2' Corporate Family Rating and revised the
Probability of Default Rating to 'Caa2-PD/LD' from 'Caa2-PD.' "Bill
Barrett's debt for equity exchange achieved some reduction in its
overall debt burden, but the company's cash flow and leverage
metrics continue to remain challenged as its hedges roll off in
2017," commented Amol Joshi, Moody's vice president.

In June 2016, S&P Global Ratings raised the corporate credit rating
on Bill Barrett to 'B-' from 'SD'.  The rating outlook is negative.
"The upgrade reflects our reassessment of the company's corporate
credit rating following the debt-for-equity exchange of its 7.625%
senior unsecured notes due 2019, and also reflects our expectation
that there will be no further distressed exchanges over the next 12
months," said S&P Global Ratings credit analyst Kevin Kwok.


BILLYS ROADHOUSE: Unsecureds to Recover 50% Over 4 Yrs. Under Plan
------------------------------------------------------------------
Billys Roadhouse, Inc., filed with the U.S. Bankruptcy Court for
the Western District of Pennsylvania a disclosure statement dated
March 6, 2017, referring to the Debtor's plan of reorganization
dated Feb. 7, 2014.

Unsecured Class 11 includes the claims of the general unsecured
creditors which claims are in the aggregate amount of $48,654.16.
These claimants will be paid 50% of their claims over a period of
four years in equal annual installments.  The first annual payment
in the aggregate amount of $6,081.77 will be made one year after
the Plan Effective Date and the amount will be paid each year for
the three years after the first payment.

Funding for this Plan will be derived out of the ongoing business
operations of the Debtor and the income to the Debtor generated.

The Plan and Disclosure Statement is available at:

          http://bankrupt.com/misc/pawb16-21969-55.pdf
          http://bankrupt.com/misc/pawb16-21969-55a.pdf

Billys Roadhouse, Inc., operates a bar/restaurant in Wexford,
Pennsylvania.

The Debtor filed a Chapter 11 petition (Bankr. W.D. Pa. Case No.
16-21969) on May 25, 2016.  The Debtor is represented by Robert O.
Lampl, Esq.


BOSTWICK LABORATORIES: Selling Itself for $5.4 Million to Poplar
----------------------------------------------------------------
Bostwick Laboratories, Inc., together with its parent Bostwick
Laboratories Holdings, Inc., filed a voluntary Chapter 11 petition
in the U.S. Bankruptcy Court for the District of Delaware with the
goal of selling itself as a going concern.

Following a week-long negotiation, BLI, which is engaged in the
business of providing anatomic pathology laboratory services to
physicians and other healthcare providers, entered into a stalking
horse asset purchase agreement with Poplar Healthcare, PLLC
pursuant to which Poplar will acquire all of its assets for $5.4
million.  The Sale is subject to higher and better bids at an
auction proposed to be held on April 26, and approval of the
bankruptcy court.

In explaining the circumstances that led to the Debtors' decision
to file for bankruptcy, Tammy Hunt, chief financial officer of BLI,
said the Debtors faced reductions in revenue as a result of
unexpected and severe cuts to the Medicare physician fee schedule
in 2013, with reimbursement for certain Current Procedural
Terminology codes being reduced as much as 52%.  These cuts, Mr.
Hunt said, were a major factor in BLI realizing a revenue reduction
of almost 20% from 2012 to 2013.

Facing those reductions in revenue, BLI focused on cost reductions
and streamlining operations to achieve cost efficiencies and to
reduce overhead, Mr. Hunt related.  Four testing locations were
closed, and laboratory testing was consolidated into the remaining
testing facility in Uniondale, New York.  BLI liquidated assets to
lower overhead and generate cash to fund operations.  BLI sold a
non-anatomic pathology clinical testing segment of the business in
2014.  The Debtors also divested themselves of ownership of the
Uniondale facility through a sale-leaseback agreement.  BLI also
engaged in negotiations with its supply chain and vendors to
further reduce costs.  BLI reduced its employee count from
approximately 600 at the start of 2013 to fewer than 200 remaining
as of the Petition Date.

"While all of these efforts minimized expenses and produced
liquidity, the efforts to streamline operations ultimately left the
company with far fewer assets and less revenue," Mr. Hunt
maintained.  "Although BLI engaged in vigorous efforts to become
profitable, the reduced expenses could not keep up with and
counteract the continued reduced reimbursement and lowering
revenue," he added.

Despite the lowered revenue, BLI has significant "fixed" costs in
relation to real estate leases, insurance, system costs and
necessary administrative functions.  Moreover, the cost to employ
BLI's highly specialized experienced pathologists is significant,
according to court papers.  Based on the hands-on, manual nature of
laboratory testing, BLI did not engage in any further reductions to
its laboratory staff.  BLI believed that any further reduction
efforts would have affected negatively its ability to sell itself
as a going concern.

As a result of continuing negative cash flow from its business, in
August of 2016, the Debtors retained Leerink Partners LLC, an
investment banking firm with extensive experience in the health
care industry, to assist and advise on the process of identifying a
buyer for the Debtors' business.  The Debtors concluded that
Poplar's bid was superior because of its willingness to fund their
Chapter 11 case.

Under the terms of the Stalking Horse APA signed on March 13, 2017,
if Poplar is not designated as the successful bidder, the Stalking
Horse Bidder would be entitled to a fee of $199,650, along with
reimbursement of reasonable expenses of up to a cap of $150,000.

The Debtors believe that an expedited sale process is warranted as
they continue to incur operational losses and because of their
concerns that competitors may attempt to interfere with their
relationships with their healthcare providers or poach their
employees, both of which would be detrimental effect on the
Debtors' ability to maximize value for their creditors and all
parties-in-interest.

Poplar has agreed to provide a senior secured priming
debtor-in-possession credit facility of up to $5,116,000, subject
to court approval.  Approximately $1,823,000 will be used to pay
off the Debtors' first lien revolver.  A $1,500,000 advance to the
Debtors will be utilized to defray operating expenses.  Should the
DIP Facility be approved, the Stalking Horse Bidder will be
entitled to credit bid toward the Purchase Price the amount
sufficient to pay in full the outstanding obligations under the DIP
Facility.

"BLI is in need of an immediate infusion of liquidity.  BLI has
limited cash on hand with which to maintain the Debtors' businesses
through the sale process or to otherwise fund the administrative
costs of these chapter 11 cases.  Without the financing to be
provided by the DIP Facility, BLI would almost immediately lack
sufficient liquidity to continue operations, to the detriment of
the Debtors, their employees, and other stakeholders.  Based upon
my understanding of the Debtors' liquidity needs, the current state
of debt markets and recent inquiries to other potential sources of
debtor-in-possession financing, I do not believe that alternative
sources of financing are readily available to the Debtors," said
Mr. Hunt.

                             About BLI

Founded in 1999, the Debtors operate an independent, full-service
anatomic pathology laboratory and are a specialty provider of
diagnostic testing services for urologists and gynecologists in the
U.S.  The Debtors operate a reference laboratory offering a
comprehensive suite of anatomic pathology and molecular testing
services to independent physicians nationally.  For more
information about the Debtors, please visit their website at
http://www.bostwicklaboratories.com

BLI is a wholly owned subsidiary of BLHI.  BLHI has no business
operations of its own.

BLI provides laboratory services to the approximately $1.3 billion
urology market, with over 15 years of experience in the field of
diagnostic and prognostic testing for the approximately 7,500
non-hospital based urologists practicing in the United States.  BLI
also has testing capabilities to serve other select subspecialty
markets outside of urology, including women's health / OBGYN,
gastroenterology, nephrology, and dermatology.

BLI has 193 employees, with 125 employees located at the laboratory
facility in Uniondale, New York.  The employees perform a variety
of critical functions relating to the business, including billing
and registration, sales and marketing, and laboratory operations.

As of the bankruptcy filing, the Debtors estimated assets in the
range of $1 million to $10 million and liabilities of up to $100
million.

In August 2014, BLI entered into a settlement agreement with the
Department of Justice, under which BLI agreed to pay the DOJ
$7,000,000.  The agreement resulted in a $3,200,000 unsecured
installment note, payable in seventeen quarterly installments,
beginning June 2016 with interest at 2.25%.  The note matures in
June 2020.  As of the Petition Date, the amount owed to the DOJ is
$2,702,020.


BOYSON INC: Seeks to Hire Quintairos Prieto as Local Counsel
------------------------------------------------------------
Boyson, Inc. seeks approval from the U.S. Bankruptcy Court for the
District of the Virgin Islands to hire a local counsel.

The Debtor proposes to hire Quintairos, Prieto, Wood & Boyer, P.A.
to give legal advice regarding its duties under the Bankruptcy
Code, represent the Debtor in any potential sale of its assets and
in the preparation of a bankruptcy plan, and provide other legal
services.

The firm will charge $250 per hour for the services of its
attorneys and $115 for paralegals.

Claire Tagini, Esq., at Quintairos, disclosed in a court filing
that her firm is "disinterested" as defined in section 101(14) of
the Bankruptcy Code.

The firm can be reached through:

     Claire E. Tagini, Esq.
     Quintairos, Prieto, Wood & Boyer, P.A.
     1000 Blackbeard's Hill, Suite 10
     St. Thomas, VI 00802
     Phone: (340) 693-0230
     Fax: (340) 693-0300
     Email: claire.tagini@qpwblaw.com

                        About Boyson Inc.

Boyson, Inc. is a family-owned business located in the U.S. Virgin
Islands that was formed in 1973.  For many decades, the Debtor has,
among other things, provided ferry and other transportation
services within and between the U.S. Virgin Islands, the British
Virgin Islands and Puerto Rico.

Boyson, Inc. filed a Chapter 11 petition (Bankr. D.V.I. Case No.
17-30001), on January 25, 2017.  The petition was signed by Cheryl
Boynes-Jackson, vice president.  At the time of filing, the Debtor
estimated assets at $10 million to $50 million and liabilities at
$1 million to $10 million.

Scroggings & Williamson, P.C. serves as the Debtor's general
counsel.

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


CABALLO2015 LLC: Discloses Improvement in Owners' Fin'l Status
--------------------------------------------------------------
Caballo2015, LLC, filed with the U.S. Bankruptcy Court for the
District of Arizona an amended disclosure statement dated March 7,
2017, to disclose the financial condition of Marianne and Ignacio
Martinez, who are the main source of income for the Debtor.

The Plan calls for the Martinezes to fund all future payments.
Thus, the current financial condition of the Martinezes should be
taken into consideration by creditors when considering the Plan.

The Debtor discloses that although Ignacio Martinez has separated
from his employment, his prior employer is contractually required
to make severance payments consistent with his pre-petition income
of $25,000 per month.  Mr. Martinez is also currently evaluating
several employment opportunities at similar income levels and he is
expected to accept a permanent employment position by the end of
2017.  Furthermore, Marianne Martinez has been cleared by her
doctors for work and she is currently evaluating employment
opportunities.  In short, the Martinezes income is expected to
increase, if not double by the end of the 2017.

The Martinezes current income level from severance is $25,000 per
month.  Likely within the two quarters, Ignacio Martinezes will
accept a job and the Martinezes income will increase by an
additional $25,000 per month, not including bonuses.  Marianne
Martinez, being cleared by her doctors to resume work, is exploring
employment options as well.  And as demonstrated by her prior
employment history, the Martinezes believe that Ms. Martinez will
also generate income in excess of $25,000 per month.

The Martinezes also expect to move into the WA House. The net
effect of this move is that their monthly budget will be reduced
significantly because they will not be required to pay rent in
Arizona.  Given their anticipated income, the Martinezes project
that the total debt service required by the Plan will be
approximately 15% of their total household budget.  Finally, it
should be also noted that the Martinezes are relatively young and
do no expect to retire for at least 10 years.

A full-text copy of the Disclosure Statement dated March 7, 2017,
is available at http://bankrupt.com/misc/azb15-15659-74.pdf

The Troubled Company Reporter previously reported that the Hon.
Brenda K. Martin of the U.S Bankruptcy Court for the District of
Arizona has approved the Debtor's disclosure statement. A hearing
to consider the confirmation of the Plan will be held on April 12,
2017, at 11:00 a.m.

The Plan proposes to pay all allowed claims within five years of
the Effective Date.

                         About Caballo2015

Headquartered in Paradise Valley, Arizona, Caballo2015, LLC, filed
for Chapter 11 bankruptcy protection (Bankr. D.P.R. Case No.
15-15659) on Dec. 14, 2015, listing $1.2 million in total assets
and $1.4 million in total liabilities.  The petition was signed by
Ignacio Martinez, manager.


CALIFORNIA HISPANIC: Hires Coldwell and Kidder as Broker
--------------------------------------------------------
California Hispanic Commission on Alcohol and Drug Abuse, Inc.,
seeks authority from the U.S. Bankruptcy Court for the Central
District of California to employ the Coldwell Banker, and Kidder
Mathews CRE as broker to the Debtor.

California Hispanic requires Coldwell and Kidder to:

   a. market the real property of the Debtor located at 1419 21st
      Street, Sacramento, CA 95811 ("subject property");

   b. show the subject property to potential purchasers through
      Kidder;

   c. represent the Debtor as seller in connection with the sale
      of the subject property;

   d. advise the Debtor with respect to obtain the highest and
      best offer available in the present market for the subject
      property.

Coldwell and Kidder will be paid a commission of 6% of the gross
sales price of the subject property.

William Irving Friedman, agent of Coldwell Banker, and Tom Bacon,
broker of Kidder Mathews CRE, assured the Court that the firms are
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.

Coldwell and Kidder can be reached at:

     William Irving Friedman
     COLDWELL BANKER
     8840 S. Sepulveda Blvd.
     Los Angeles, CA 90045
     Tel: (424) 702-3000
     Fax: (424) 702-3010

         -and-

     Tom Bacon
     KIDDER MATHEWS CRE
     455 Capitol Mall, Suite 160
     Sacramento, CA 95814
     Tel: (916) 751-3600
     Fax: (916) 848-0205

              About California Hispanic Commission
                  on Alcohol and Drug Abuse, Inc.

California Hispanic Commission on Alcohol and Drug Abuse, Inc., is
a nonprofit California corporation in existence since 1975 that was
founded to reduce the dependency of Hispanics on drug and alcohol.

CHCADA's services include mandated out-patient substance abuse
treatment designed to avert drug use and deter criminal behavior,
residential substance abuse recovery programs to assist homeless
individuals with counseling as to substance problems, transitional
housing for women and children who have experienced domestic
violence, and other services. CHCADA operates counseling facilities
in California pursuant to contracts with Orange and Los Angeles
counties. Some of CHCADA's facilities are leased properties and
others are owned by CHCADA.

CHCADA filed for Chapter 11 bankruptcy protection (Bankr. C.D.
Calif. Case No. 16-10424) on Feb. 2, 2016. The petition was signed
by James Hernandez, director. The Debtor is represented by Jeremy
V. Richards, Esq., Linda F. Cantor, Esq., and Victoria A. Newmark,
Esq. at Pachulski Stang Ziehl & Jones LLP. The case is assigned to
Judge Scott C. Clarkson. The Debtor disclosed total assets at $5.8
million and total debts at $3.61 million.


CALIFORNIA PROTON: U.S. Trustee Unable to Appoint Committee
-----------------------------------------------------------
An official committee of unsecured creditors has not yet been
appointed in the Chapter 11 case of California Proton Treatment
Center, LLC, as of March 16, according to a court docket.

Headquartered in San Diego, California, California Proton Treatment
Center, LLC, is a cancer treatment facility.

The Debtor filed for Chapter 11 bankruptcy protection (Bankr. D.
Del. Case No. 17-10477) on March 1, 2017, estimating its assets and
debts at between $100 million and $500 million.  The petition was
signed by Jette Campbell, chief restructuring officer.

Judge Selber Silverstein presides over the case.

Locke Lord LLP serves as the Debtor's general counsel.

Christopher A. Ward, Esq., at Polsinelli PC serves as co-counsel
for the Debtor.

Cain Brothers & Company, LLC, is the Debtor's investment banker.

Carl Marks Advisory Group LLC serves as the Debtor's financial
advisor.


CHAPARRAL ENERGY: Seeks to Hire Chipman Brown as Special Counsel
----------------------------------------------------------------
Chaparral Energy, Inc. seeks approval from the U.S. Bankruptcy
Court for the District of Delaware to hire Chipman Brown Cicero &
Cole, LLP as its special counsel.

The firm will represent Chaparral in a lawsuit it intends to file
against Merit Energy Company LLC, joint owner of a pipeline that it
intends to sell.  Merit is a client of Richards, Layton & Finger,
P.A., who is serving as Chaparral's legal counsel.

The hourly rates charged by the firm range from $475 to $645 for
partners.  Associates and paralegals charge $350 per hour and $225
per hour, respectively.

The principal attorneys and paralegals proposed to represent the
company and their hourly rates are:

     William Chipman, Jr.     $595
     Mark Olivere             $475
     Michelle Dero            $225
  
William Chipman, Jr., Esq., disclosed in a court filing that his
firm is a "disinterested person" as defined in section 101(14) of
the Bankruptcy Code.

The firm can be reached through:

     William E. Chipman, Jr., Esq.
     Chipman Brown Cicero & Cole, LLP
     1313 North Market Street, Suite 5400
     Wilmington, DE 19801

                   About Chaparral Energy Inc.

Founded in 1988, Chaparral Energy, Inc., is a Delaware corporation
headquartered in Oklahoma City and a pure play Mid-Continent
independent oil and natural gas exploration and production
company.

At March 31, 2016, the Company had total assets of $1,229,373,000,
total current liabilities of $1,940,742,000 and total stockholders'
deficit of $759,546,000.

Chaparral Energy, Inc., and its 10 affiliates sought protection
under Chapter 11 of the Bankruptcy Code (Bankr. D. Del. Lead Case
No. 16-11144) on May 9, 2016.  The petitions were signed by Mark
Fischer, chief executive officer.

The Debtors are represented by Richard Levy, Esq., Keith Simon,
Esq., David McElhoe, Esq., and Marc Zelina, Esq., at Latham &
Watkins LLP; and Mark D. Collins, Esq., at Richards, Layton &
Finger, P.A., as counsel.  Kurtzman Carson Consultants LLC serves
as administrative advisor.

The Debtors continue to manage and operate their businesses as
debtors in possession pursuant to Sections 1107 and 1108 of the
Bankruptcy Code.  No trustee or examiner has been requested in the
Chapter 11 cases.

The Office of the U.S. Trustee on May 18, 2016, disclosed that no
official committee of unsecured creditors has been appointed in the
cases.

Milbank, Tweed, Hadley & McCloy LLP and Drinker Biddle & Reath LLP
represent an ad hoc committee of holders of (i) 9.875% Senior Notes
due 2020, (ii) 8.25% Senior Notes, and (iii) 7.625% Senior Notes
due 2022 issued by the Debtors.

On March 9, 2017, the court confirmed Chaparral's Chapter 11 plan
of reorganization.  Under the confirmed plan, Chaparral's unsecured
bondholders and general unsecured creditors will own 100% of the
company's ownership interest, subject to some dilution.


CHOUDRIES INC: Chapter 11 Trustee Taps Trout as Accountant
----------------------------------------------------------
Lawrence V. Young, the Chapter 11 Trustee of Choudries, Inc., d/b/a
Super Seven Food Mart, seeks authority from the U.S. Bankruptcy
Court for the Middle District of Pennsylvania to employ the Trout
Ebersole & Groff, LLP as accountant to the Debtor.

The Trustee requires Trout to:

   a. calculate the Bankruptcy Estate's tax liability;

   b. prepare the Bankruptcy Estate's Federal, State and Local
      Income Tax Returns and Employee Withholding Returns; and

   c. prepare the requisite Monthly Operating Reports.

Trout will be paid at these hourly rates:

     Partners                   $200-$325
     Managers                   $155-$240
     Supervisors                $140-$160
     Seniors                    $100-$135
     Staff                      $88-$113

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

Brian D. Wassell, member of Trout Ebersole & Groff, LLP, assured
the Court that the firm is a "disinterested person" as the term is
defined in Section 101(14) of the Bankruptcy Code and does not
represent any interest adverse to the Debtors and their/its
estates.

Trout can be reached at:

     Brian D. Wassell
     TROUT EBERSOLE & GROFF, LLP
     5000 Ritter Road, Suite 104
     Mechanicsburg, PA 17055
     Tel: (717) 697-2900
     Fax: (717) 697-2002

                  About Choudries, Inc.

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


CHOXI.COM INC: Creditors' Panel Hires Fox Rothschild as Counsel
---------------------------------------------------------------
The Official Committee of Unsecured Creditors of Choxi.com, Inc.,
seeks authorization from the U.S. Bankruptcy Court for the Southern
District of New York to retain Fox Rothschild as counsel to the
Debtor.

Choxi.com, Inc. requires Fox Rothschild to:

   a. assist, advise and represent the Committee with respect to
      the administration of this case and the exercise of
      oversight with respect to the Debtor's affairs, including
      all issues arising from or impacting the Debtor, the
      Committee, or this chapter 11 case;

   b. provide all necessary legal advice with respect to the
      Committee's powers and duties;

   c. assist the Committee in maximizing the value of the
      Debtor's assets for the benefit of all creditors;

   d. participate in the formulation of and negotiation of a plan
      of reorganization and liquidation and approval of an
      associated disclosure statement;

   e. although the business is not operational, the Committee
      will investigate the acts, conduct, assets, liabilities,
      and financial condition of the Debtors, the operation of
      the Debtor's business and any other matter relevant to the
      chapter 11 case or to the formulation of a plan;

   f. commence and prosecute any and all necessary and
      appropriate actions and proceedings on behalf of the
      Committee that may be relevant to the case;

   g. prepare on behalf of the Committee all necessary
      applications, motions, answers, orders, reports and other
      legal papers;

   h. communicate with the Committee's constituents and others as
      the Committee may consider desirable in furtherance of its
      responsibilities;

   i. appear in Bankruptcy Court and protect the interest of the
      Committee; and

   j. perform all other legal services for the Committee which
      may be appropriate, necessary and proper in this chapter 11
      case.

Fox Rothschild will be paid at these hourly rates:

     Paul J. Labov                    $625
     Jason C. Manfrey                 $390
     Paralegal                        $360

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

Fox Rothschild currently represents, and may in the future
represent Pearl Enterprises, LLC, an unsecured creditor of the
Debtor, in certain matters unrelated to the Debtor. Gross fees
received from Pearl Enterprises, LLC during the 2015 and 2016
fiscal years were approximately .01% of Fox Rothschild’s
revenue.

Paul J. Labov, member of Fox Rothschild, assured the Court that the
firm and its professionals are 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.

Fox Rothschild can be reached at:

     Paul J. Labov, Esq.
     FOX ROTHSCHILD
     100 Park Avenue, Suite 1500
     New York, NY 10017
     Tel: (212) 878-7980
     Fax: (212) 692-0940
     E-mail: plabov@foxrothschild.com

              About Choxi.com, Inc.

Choxi.com, Inc. operates an online store. It sells apparel, beauty
products, handbags, shoes, and accessories for women and men; bath
products, bedding products, kitchen products, and rugs;
electronics; jewelry; products for kids; and lifestyle products.
Choxi.com, Inc. was formerly known as Nomorerack.com, Inc. The
company was founded in 2010 and is based in New York, New York.

On November 10, 2016, an involuntary petition for liquidation under
Chapter 7 was filed against Choxi.com, Inc. in the U.S. Bankruptcy
Court for the Southern District of New York.

In answer to the involuntary Chapter 7 petition, Choxi.com filed a
voluntary Chapter 11 petition on December 5, 2016.

Choxi.com is represented by Tracy L. Klestadt, Esq. at Klestadt,
Winters, Jureller, Southard & Stevens, LLP.

William K. Harrington, U.S. Trustee for Region 2, on Dec. 15
appointed three creditors of Choxi.com, Inc., to serve on the
official committee of unsecured creditors. The committee members
are Shamrock Industries, LLC, Elite Brands, Inc., Pearl
Enterprises, LLC. The Committee hires Fox Rothschild as counsel.


CHRIST'S HOUSEHOLD: Amends Plan to Add Transfer Tax Exemptions
--------------------------------------------------------------
Christ's Household of Faith filed an amended disclosure statement
to include these provision on exemption from certain transfer
taxes:

     "Pursuant to section 1146(a) of the Bankruptcy Code, the
following shall not be subject to any stamp tax, real estate
transfer tax, deed tax, mortgage or other recording tax, sales or
use tax, or similar tax: (a) the creation of any mortgage, deed of
trust, lien, or other security interest; (b) the making or
assignment of any lease or sublease; or (c) the making or delivery
of any deed or other instrument of transfer under, in furtherance
of, or in connection with the Plan, including in connection with
the Venture Loan Transaction or any other refinance, merger
agreements, agreements of consolidation, restructuring,
disposition, liquidation or dissolution, deeds, bills of sale, or
assignments executed in connection with any of the foregoing or
pursuant to the Plan."

A full-text copy of the Amended Disclosure Statement dated March 7,
2017, is available at:

      http://bankrupt.com/misc/mnb15-34301-169.pdf

           About Christ's Household of Faith

Christ's Household of Faith, a St. Paul, Minnesota, religious sect,
is a community of nearly 500 members, including 200 children, who
divest their assets, live rent-free in houses owned by the church
and work unpaid for its businesses. It owns 32 residential
properties, 11 businesses, a church and a school has filed for
Chapter 11 bankruptcy, sparking concern among church members,
neighborhood residents and housing advocates.

Christ's Household of Faith, Inc. filed Chapter 11 bankruptcy
petition (Bankr. D. Minn. Case No.: 15-34301) on December 4, 2015.
The petition was signed by Mark R. Alleman, chief financial
officer/treasurer.

The Debtor disclosed estimated assets of $10 million to $50
million and estimated debts of $10 million to $50 million. Judge
Gregory F. Kishel has been assigned the case.

The Debtor has engaged Ryan Murphy, Esq., at Fredrikson & Byron PA
as counsel.


CLUB VILLAGE: Court Extends Plan Filing Through May 22
------------------------------------------------------
Judge Paul G. Hyman, Jr., extended Club Village, LLC's exclusive
right to file a Chapter 11 plan through May 22, 2017, and its
exclusive right to solicit acceptances on the plan through July 24,
2017.

As previously reported The Troubled Company Reporter, the Debtor
related that it has an ongoing negotiations with its secured lender
as to a settlement, which will determine the distributions
to be made under the plan. As such, the Debtor will need additional
time to file its plan and disclosure statement considering that the
results of the settlement will have a material effect on its
proposed plan.

                    About Club Village

Club Village, LLC, a single asset real estate business based in
1601 NW 13 St., Boca Raton, Florida, filed a Chapter 11 petition
(Bankr. S.D. Fla. Case No. 16-21497) on Aug. 22, 2016.  The
petition was signed by Fred DeFalco, managing member. The case is
assigned to Judge Erik P. Kimball.  The Debtor disclosed total
assets at $11.5 million and total debts at $11.2 million.

The Debtor is represented by Aaron A. Wernick, Esq., at Furr &
Cohen.  The Debtor engaged Andrew Sodl, Esq., at Akerman LLP as
special counsel; and Paul Rubin, EA, Mtax and Rubin & Associates,
CPA Firm, PA as accountants.

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


COBALT INTERNATIONAL: Reports 2016 Net Loss of $2.3 Billion
-----------------------------------------------------------
Cobalt International Energy, Inc. filed with the Securities and
Exchange Commission its annual report on Form 10-K disclosing
a net loss of $2.34 billion on $16.80 million of revenues for the
year ended Dec. 31, 2016, compared to a net loss of $694.42 million
on $0 of revenues for the year ended Dec. 31, 2015.

For the three months ended Dec. 31, 2016, the Company recognized a
net loss of $1.87 billion on $7.76 million of revenues compared to
a net loss of $486.83 million on $0 of revenue for the same period
during the prior year.

As of Dec. 31, 2016, Cobalt had $2.23 billion in total assets,
$3.07 billion in total liabilities and a $841.33 million total
stockholders' deficit.  As of Dec. 31, 2016, cash, cash
equivalents, investments and restricted cash were approximately
$956.5 million.  Total cash spend for 2016 was approximately $840
million, relative to Cobalt's cash spend guidance (adjusted to
consolidate both continued and discontinued operations) of
approximately $855 million to $915 million in 2016.

The Company expects capital expenditures to be approximately $275
million in 2017, which excludes general and administrative expenses
and interest expense.  Capital expenditures are primarily
attributable to operated activities at North Platte and
non-operated activities at Shenandoah, Anchor and Heidelberg.
Total 2017 cash outlays are currently expected to be between $550
million and $650 million, net revenue is expected to be
approximately $50 million, leaving Cobalt with an expected cash
balance at year end 2017 of approximately $350 million to $450
million excluding any Sonangol receipts or payments.

"The Company's ability to continue as a going concern is subject
to, among other factors, its ability to monetize assets, its
ability to obtain financing or refinance existing indebtedness, its
ability to continue its cost cutting efforts for long–term rig
and support services, the production rates achieved from the
Heidelberg project, oil and natural gas prices, the number of
commercially viable hydrocarbon discoveries made and the quantities
of hydrocarbons discovered, the speed and cost with which the
Company can bring such discoveries to production, whether and to
what extent the Company invests in additional oil leases and
concessional licenses, and the actual cost of exploration,
appraisal and development of its prospects.

"There can be no assurance that the Company will be able to obtain
additional funding on satisfactory terms or at all.  In addition,
no assurance can be given that any such financing, if obtained,
will be adequate to meet the Company's capital needs and support
its growth.  If additional funding cannot be obtained on a timely
basis and on satisfactory terms, then the Company's operations
would be materially negatively impacted.  

"If the Company becomes unable to continue as a going concern, the
Company may find it necessary to file a voluntary petition for
reorganization under the Bankruptcy Code in order to provide it
additional time to identify an appropriate solution to its
financial situation and implement a plan of reorganization aimed at
improving our capital structure."  

                      Operational Update

In the deepwater Gulf of Mexico, as announced earlier this year,
Cobalt's North Platte #4 appraisal well encountered approximately
650 feet of net oil pay, with initial results indicating high
quality Inboard Lower Tertiary Wilcox reservoirs on the eastern
flank of the field.  Appraisal operations continue at North Platte,
where Cobalt has recently completed the drilling of the North
Platte #4 sidetrack well to further analyze the extent of the
eastern flank.  The well encountered oil and has confirmed that
reservoir quality sands are present across the entirety of the
eastern flank.  Cobalt now plans to drill a second sidetrack to
core and gather fluid samples, and expects to complete these
operations in the second quarter.  Reservoir characterization,
fluid analysis and modeling studies are ongoing to better
understand reservoir continuity, productivity and the potential
resource range in order to optimize the development of the North
Platte field.  The current estimate of recoverable hydrocarbons at
North Platte is greater than 500 Million BOE with the potential to
grow larger once water contacts have been established across the
entirety of the field.  Cobalt, as operator, owns a 60% working
interest in North Platte, and TOTAL E&P USA, Inc. owns the
remaining 40% working interest.

Appraisal operations also continued at Anchor, where the Anchor #4
appraisal well was drilled to total depth and encountered
approximately 800 feet of net oil pay in multiple Inboard Lower
Tertiary reservoirs.  Cobalt owns a 20% non-operated working
interest in the Anchor discovery unit.  In addition, Cobalt owns a
100% working interest in two leases on the south flank of Anchor,
but outside of the Anchor unit.  The Anchor reservoir extends onto
these leases and reservoir simulation suggests that additional
wells on these two leases are required to maximize recovery from
the field.  Cobalt has engaged with the operator and the Bureau of
Safety and Environmental Enforcement regarding options to bring
these two leases into the Anchor unit in order to optimize the
development of the field.

At Shenandoah, drilling operations commenced in late 2016 on the
Shenandoah #6 appraisal well on the eastern flank of the field. The
well was drilled to total depth and encountered wet Wilcox sands.
The well is currently being sidetracked to locate the oil-water
contacts.  Cobalt owns a 20% non-operated working interest in
Shenandoah.

With regard to Angola, of the $1,691.8 million impairment recorded
by Cobalt, $1,629.8 million was impaired in accordance with
Accounting Standards Codification 932, Extractive Activities -- Oil
and Gas which requires, among other things, that "sufficient
progress" be made with respect to oil and natural gas projects in
order to avoid the requirement to expense previously capitalized
exploratory or appraisal well costs.  Given Sonangol's failure to
date to grant the extensions of certain exploration and development
milestones that Cobalt believes Sonangol is required to grant
Cobalt under the Purchase and Sale Agreement executed in August
2015, the procedures of ASC 932 require Cobalt to record a full
impairment of its Angolan assets at this time.  It is important to
note that this impairment represents previously capitalized
exploratory and appraisal well and other costs.  The impairment is
not associated with, nor is it indicative of, what Cobalt believes
to be the intrinsic or fair market value of its Angolan assets.
Given Sonangol's failure to date to grant the extensions described
above, on March 8, 2017, Cobalt submitted a Notice of Dispute to
Sonangol under the Agreement.  If Sonangol does not timely resolve
this matter to Cobalt's satisfaction, Cobalt intends to move
forward with arbitration.  While Cobalt will continue to fulfill
its obligations as operator of Blocks 20 and 21, Cobalt does not
plan to make any material investments in Angola until this matter
is resolved to its satisfaction.

Timothy J. Cutt, Cobalt's chief executive officer said, "The
accounting rules are mechanical and required us to impair our
Angolan assets at this time.  This is an accounting result and not
a reflection of what we believe these assets are worth to Cobalt.
While it is clear that our sale process has been negatively
impacted by the uncertainty surrounding the extensions, it is also
clear that Sonangol's preference is for Cobalt to present potential
buyers to Sonangol to finalize and grant the extensions. While we
continue to work the sales process, we must also continue to work
to protect our rights and thus have formally notified Sonangol of
our dispute.  We hope to resolve things amicably with Sonangol but
will be ready for arbitration as well."

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

                      https://is.gd/ra0ahr

                          About Cobalt

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

                         *     *     *

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


CROWN HOLDINGS: S&P Affirms 'BB' Corporate Credit Rating
--------------------------------------------------------
S&P Global Ratings assigned its 'BBB-' issue-level rating and '1'
recovery rating to the proposed $2.25 billion senior secured credit
facilities issued by Philadelphia-based packaging producer Crown
Holdings Inc.'s (Crown) subsidiaries, which include a
$650 million five-year revolving credit facility available to Crown
Americas LLC; a $700 million multicurrency revolver available to
Crown Americas LLC, Crown Metal Packaging Canada L.P., and Crown
European Holdings S.A.; a $50 million five-year Canadian revolving
credit facility available to Crown Metal Packaging Canada L.P.; a
$550 million five-year term loan A; and a $300 million five-year
euro-equivalent term loan A.  The '1' recovery rating indicates
S&P's expectation for very high recovery (90%-100%; rounded
estimate: 90%) in a default scenario.

The company intends to use the net proceeds from these credit
facilities, along with other available funds, to repay a portion of
its existing term loan facility, pay related fees and expenses, and
for general corporate purposes.  All of S&P's other ratings on
Crown remained unchanged.

The recovery expectations for the facility benefit from a
comprehensive guarantee and collateral package, which includes
guarantees and collateral pledges from certain foreign subsidiaries
on direct foreign borrowings.  Additionally, S&P's analysis of the
recovery prospects for senior secured lenders gives effect to a
"collection action mechanism" (CAM) in the credit agreement, which
is designed to equalize the ultimate recovery rates for all bank
tranches (notwithstanding better guarantor and collateral terms for
non-U.S. borrowings).

With annual revenue of about $8.2 billion in 2016, Crown Holdings
manufactures metal containers, including steel and aluminum cans,
metals caps, and closures.  Crown's product lines serve a wide
variety of end markets, including the food, beverage, household,
and other consumer products segments.

S&P bases its 'BB' corporate credit rating on Crown on S&P's
satisfactory assessment of the company's business risk profile and
S&P's aggressive assessment of its financial risk profile.

                         RECOVERY ANALYSIS

   -- S&P's recovery analysis has been updated to reflect Crown's
      proposed refinancing of its existing credit facility with a
      new $2.25 billion senior secured credit facility.  S&P's
      analysis assumes a simulated default in 2022, which is
      consistent with its typical time to default for companies
      that it rates 'BB' and 'BB+', and a gross enterprise value
      (EV) of $4.086 billion.  S&P's recovery valuation is
      slightly lower due to a decline in the expected amount of
      debt outstanding at default.  A payment default would
      require a substantial and unexpected decline in Crown's
      profitability and cash flow, likely caused by a sharp drop
      in demand for metal containers, cost pressures, client
      attrition, and the substitution of plastic for metal
      packaging.

   -- S&P applied a 6.0x multiple to an estimated distressed
      emergence EBITDA of $681 million to arrive at a gross
      enterprise value of about $4.086 billion.  This multiple is
      in line with what S&P applies to Crown's peers that share a
      similar business risk profile assessment.

   -- S&P assumes that roughly 25% of this value relates to the
      U.S. (Crown Americas and domestic subsidiaries), 45% to
      foreign subsidiaries (Crown European Holdings [CEH] and
      subsidiaries), and 30% to various joint-venture (JV)
      interests (20% for Asian JVs, which roll up under CEH, and
      10% for the Latin American JVs, which roll up under Crown
      Americas).

   -- Credit facility borrowings in the U.S. benefit from a lien
      on most of Crown's domestic assets (excluding mortgages on
      real estate and 35% of the equity in its foreign
      subsidiaries) and 65% of the equity in its first-tier
      foreign subsidiaries.  Direct borrowings by foreign
      subsidiaries have additional guarantees and collateral.  S&P

      assumes that the $1.4 billion revolver is 85% drawn at
      default, with slightly more than half of the amount borrowed

      abroad. A  CAM would equalize recovery rates for all bank
      tranches, despite the better guarantor and collateral terms
      for the non-U.S. borrowings.

   -- The senior notes issued by CEH would have a structurally
      senior claim to the non-U.S. EV (relative to U.S. debt),
      although this claim is unsecured and effectively junior to
      foreign secured borrowings (including those under the credit

      facility).

   -- The '6' recovery rating on Crown America's unsecured notes
      reflects S&P's expectation for negligible recovery (0%-10%;
      rounded estimate: 0%).  While these notes are guaranteed by
      Crown's domestic subsidiaries, they are effectively junior
      to the substantial amount of secured debt and structurally
      senior borrowings at foreign non-guarantor subsidiaries.  
      S&P also has a '6' recovery rating on the unsecured
      debentures issued by Crown Cork and Seal as they are
      structurally junior to Crown's other debt because they lack
      guarantees from operating subsidiaries.

Simulated default and valuation assumptions

   -- Simulated year of default: 2022
   -- Emergence EBITDA/multiple/gross enterprise value:
      $681 million/6.0x/$4.084 billion

Simplified waterfall

   -- Net EV (after 5% administrative costs): $3.881 billion
   -- Valuation split (JVs/Crown European/Crown Americas):
      30%/45%/25% JV net EV: $1.164 billion
   -- JV direct borrowings (estimated): $128 million
   -- JV third-party equity interests: $208 million
   -- Residual JV value (split Crown Americas/Crown European):
      $829 million ($130 million/$699 million)
   -- Crown European net EV: $1.747 billion
   -- Adjustment to Crown European EV for accounts receivables
      securitizations: $192 million
   -- Net value from JV interests: $699 million
   -- Net value available to Crown European creditors:
      $2.254 billion
   -- Foreign credit facility borrowings: $918 million
   -- Crown European unsecured notes: $1.975 billion
      -- Recovery expectations: 50%-70% (rounded estimate: 65%)
   -- Residual value available to U.S. creditors: $0
   -- Crown Americas EV: $970 million
   -- Adjustment for U.S. accounts/receivable securitizations:
      $132 million
   -- Net value to Crown Americas from JV interests/collateral
      (65%): $130 million/$85 million
   -- Estimated credit facility collateral value: $1.841 billion*
   -- Secured credit facility debt: $1.962 billion
   -- Estimated recovery from collateral/total: 94%/94%
      -- Recovery expectations: 90%-100% (rounded estimate: 90%)
   -- Total value available to unsecured claims: $46 million
   -- Crown Americas senior unsecured notes: $1.431 billion
   -- Deficiency claim on secured credit facility: $121 million
   -- Total unsecured claims: $1.552 billion
      -- Recovery expectations: 0%-10% (rounded estimate: 0%)
   -- Remaining value for debentures: $0
   -- Unguaranteed debentures: $410 million
      -- Recovery expectations: 0%-10% (rounded estimate: 0%)

Note: Debt amounts include six months of prepetition interest.
*Estimated collateral available to the credit facility includes
direct foreign borrowings of $918 million, $838 million from Crown
Americas, and 65% of the equity in the Latin American JVs
($85 million).  S&P assumes the $1.4 billion revolving credit
facility is 85% drawn at default, with roughly 54% of this amount
borrowed abroad.  S&P do not adjust for deficits on pensions and
other post retirement liabilities because the estimated
postretirement funding deficits are below S&P's materiality
threshold (10% of estimated debt at default).

RATINGS LIST

Crown Holdings Inc.
Corporate Credit Rating             BB/Stable/--

New Ratings

Crown Americas LLC
$650M 5-Yr Revolver                 BBB-
  Recovery Rating                    1(90%)

Crown Americas LLC
Crown European Holdings S.A.
$700M Multicurrency Revolver        BBB-
  Recovery Rating                    1(90%)

Crown Metal Packaging Canada L.P.
$50M 5-Yr Canadian Revolver         BBB-
  Recovery Rating                    1(90%)

Crown Americas LLC
$550M 5-Yr Term Loan A              BBB-
  Recovery Rating                    1(90%)

Crown European Holdings S.A.
$300M 5-Yr euro Term Loan A         BBB-
  Recovery Rating                    1(90%)



CUMULUS MEDIA: Entered Into a Refinancing Support Agreement
-----------------------------------------------------------
On December 6, 2016, Cumulus Media Inc., Cumulus Media Holdings
Inc., a direct wholly-owned subsidiary of the Company, and certain
other direct and indirect subsidiaries of Holdings entered into a
refinancing support agreement with holders of approximately $349.7
million, or 57.3%, of the aggregate principal amount of the
outstanding 7.75% Senior Notes due 2019 issued by Holdings and
guaranteed by the Company. The Refinancing Support Agreement set
forth the terms of a refinancing of the Outstanding Notes and
pursuant to its terms the Supporting Noteholders agreed to tender
their Outstanding Notes in an exchange offer, subject to certain
conditions set forth in the Refinancing Support Agreement.

As a result of a recent ruling in the U.S. District Court for the
Southern District of New York, the Company has concluded that the
conditions to the Exchange Offer have not been and will not be
satisfied. Accordingly, the Company has elected to terminate the
Exchange Offer and the Refinancing Support Agreement in accordance
with their terms with immediate effect as of March 10, 2017.

As a result of the termination, none of the Outstanding Notes that
have been tendered in the Exchange Offer will be accepted for
purchase and no consideration will be paid or become payable to
holders of the Outstanding Notes who have tendered their
Outstanding Notes in the Exchange Offer. All Outstanding Notes
previously tendered and not withdrawn will be promptly returned or
credited back to their respective holders.

A copy of the press release announcing the termination of the
Exchange Offer and the Refinancing Support Agreement is available
at: https://is.gd/PkPf4q

                                     About Cumulus Media

Atlanta, Georgia-based Cumulus Media Inc. --
http://www.cumulus.com/-- is a radio broadcasting company.  The
Company is also a provider of country music and lifestyle content
through its NASH brand, which serves through radio programming,
NASH Country Weekly magazine and live events.  Its product lines
include broadcast advertising, digital advertising, political
advertising and non-advertising based license fees.  Its broadcast
advertising includes the sale of commercial advertising time to
local, national and network clients.  Its digital advertising
includes the sale of advertising and promotional opportunities
across its Websites and mobile applications.  Its across the nation
platform generates content distributable through both broadcast and
digital platforms.

Cumulus Media put AR Broadcasting Holdings Inc. and three other
units to Chapter 11 protection (Bankr. D. Del. Lead Case No.
11-13674) in 2011 after struggling to pay off debt that topped $97
million as of June 30, 2011.

Cumulus Media reported a net loss attributable to common
shareholders of $546 million on $1.16 billion of net revenue for
the year ended Dec. 31, 2015, compared to net income attributable
to common shareholders of $11.8 million on $1.26 billion of net
revenue for the year ended Dec. 31, 2014.

As of Sept. 30, 2016, Cumulus Media had $3.05 billion in total
assets, $2.99 billion in total liabilities and $51.39 million in
total stockholders' equity.

                          *     *     *

In December 2016, S&P Global Ratings lowered its corporate credit
ratings on Cumulus Media Inc. and its subsidiary Cumulus Media
Holdings Inc. to 'CC' from 'CCC'.  The rating outlook is negative.
"The downgrade follows Cumulus' announcement that it has offered to
exchange its 7.75% senior notes due 2019 for debt and common stock
in the company," said S&P Global Ratings' credit analyst Jeanne
Shoesmith.

In March 2016, Moody's Investors Service downgraded Cumulus Media
Inc.'s Corporate Family Rating to 'Caa1' from 'B3' and Probability
of Default Rating to 'Caa1-PD' from 'B3-PD'.  Cumulus' 'Caa1'
Corporate Family Rating reflects the company's excessive leverage
with debt-to-EBITDA exceeding 9.5x (including Moody's standard
adjustments) and Moody's revised expectation that debt-to-EBITDA
will remain elevated over the next 12 months due to continued
declines in network revenue and increased operating expenses more
than offsetting the benefits from an expected increase in station
group revenue and political ad sales in 2016.


D.J.W.S. HOLDING: Hires Stewart Robbins as Attorney
---------------------------------------------------
D.J.W.S. Holding, LLC, seeks authority from the U.S. Bankruptcy
Court for the Eastern District of Louisiana to employ Stewart
Robbins & Brown, LLC as attorney to the Debtor.

D.J.W.S. Holding requires Stewart Robbins to:

   a. give the Debtor legal advice with respect to the Debtor's
      powers and duties as a debtor-in-possession in the
      continued operation of the Debtor's business and management
      of the Debtor's property; and

   b. perform all legal services for the debtor-in-possession
      which may be necessary.

Stewart Robbins will be paid at these hourly rates:

     P. Douglas Stewart, Jr.            $370
     William S. Robbins                 $360
     Brandon A. Brown                   $360
     Ryan J. Richmond                   $285
     Brooke W. Altazan                  $235
     Staff/Paralegals                   $90

Stewart Robbins will be paid a retainer in the amount of $11,000.

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

P. Douglas Stewart, Jr., partner of Stewart Robbins & Brown, 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.

Stewart Robbins can be reached at:

     P. Douglas Stewart, Jr., Esq.
     Brandon A. Brown, Esq.
     Ryan J. Richmond, Esq.
     620 Florida Street, Suite 100
     Baton Rouge, LA 70801-1741
     Tel: (225) 231-9998
     Fax: (225) 709-9467
     E-mail: dstewart@stewartrobbins.com
             bbrown@stewartrobbins.com
             rrichmond@stewartrobbins.com

                   About D.J.W.S. Holding, LLC

D.J.W.S. Holding, L.L.C, filed a Chapter 11 bankruptcy petition
(Bankr. E.D. La. Case No. 17-10527) on March 8, 2017, disclosing
under $1 million in both assets and liabilities. The Debtor is
represented by P. Douglas Stewart, Jr., Esq., at Stewart Robbins &
Brown, LLC.


DEL MONTE FOODS: S&P Lowers CCR to 'CCC+' on High Leverage
----------------------------------------------------------
S&P Global Ratings lowered its corporate credit rating on Walnut
Creek, Calif.-based Del Monte Foods Inc. to 'CCC+' from 'B-'.  The
outlook is negative.

At the same time, S&P lowered its issue-level ratings on the
company's first- and second-lien senior secured term loans.  S&P
lowered the first-lien rating to 'CCC+' with a '3' recovery rating,
indicating its expectation for meaningful recovery (50%-70%,
rounded estimate 50%) in the event of a payment default, from
'B-/3'.  S&P lowered the second-lien rating to 'CCC-' with a '6'
recovery rating, indicating its expectation for negligible recovery
(0%-10%, rounded estimate 0%) in the event of a payment default,
from 'CCC/6'.

S&P estimates that, as of Jan. 31, 2017, the company had
$1.4 billion of adjusted debt.

"The downgrade reflects Del Monte's continued underperformance
through the historically stronger holiday season in fiscal 2017,"
said S&P Global Ratings analyst Amanda O'Neill.  "We now expect the
company to maintain financial leverage above 10x through 2017 and
2018, which, absent a strong recovery in operating and financial
performance, indicates that the company's financial commitments may
be unsustainable in the long term."

The negative outlook reflects the potential for a lower rating if
S&P expects the company will have issues extending the maturity of
its ABL facility when it becomes current in February 2018, leading
S&P to believe there is near-term risk of default as the company's
financial commitments appear unsustainable unless restructured.
Further weakness in operating performance could also lead to a
lower rating if category declines accelerate or if the company has
further missteps in managing its seasonal inventory needs in order
to reduce its ABL balance, which could also lead to constrained
liquidity.  Specifically further inventory build-up could erode
availability under the ABL.

S&P could revise the outlook to stable if Del Monte's financial
results improve in fiscal 2018, illustrated by progress towards
reducing leverage below 10x from improved inventory management,
positive free operating cash flow generation, and reduced ABL
borrowings.  The company may achieve greater EBITDA growth through
pricing, higher volumes, and product innovation while reducing its
variable costs.



DIFFUSION PHARMACEUTICALS: Sold $15.8 Million Preferred Shares
--------------------------------------------------------------
Diffusion Pharmaceuticals Inc. entered into Subscription Agreements
with certain accredited investors on March 14, 2017, and conducted
a closing pursuant to which the Company sold 7,837,023 shares of
the Company's Series A convertible preferred stock, par value
$0.001 per share, initially convertible into one share of the
Company's common stock, par value $0.001 per share, at a purchase
price of $2.02 per share.  In addition, each investor received a
five-year warrant to purchase one share of Common Stock for each
share of Preferred Stock purchased by such investor at an exercise
price equal to $2.22, subject to adjustment thereunder.  The
closing is the initial closing of the Company's previously
announced private placement of up to $15,000,000 of Securities,
which amount may be increased to $25,000,000 at the discretion of
the Company and its placement agent in the Private Placement.

The Company received total gross proceeds of approximately
$15,800,000 from the Initial Closing, prior to deducting placement
agent fees and estimated expenses payable by the Company associated
with the Initial Closing.  The Company currently intends to use the
proceeds of the Private Placement to fund research and development
of its lead product candidate, transcrocetinate sodium, also known
as trans sodium crocetinate, or TSC, including clinical trial
activities, and for general corporate purposes.  Pursuant to the
Purchase Agreements, the Company may periodically conduct
additional closings until the Company has sold the Maximum Offering
Amount.

The Securities are being offered and sold in a private placement
pursuant to exemptions from the registration requirements of the
Securities Act of 1933, as amended, afforded by Section 4(a)(2) and
Rule 506 of Regulation D promulgated thereunder.  To the extent
that any shares of Common Stock are issued in connection with the
conversion of the Preferred Stock or the exercise of the Warrants,
the Common Stock may not be offered, transferred or sold in the
United States absent registration or the availability of an
applicable exemption from the registration requirements of the
Securities Act.

Maxim Merchant Capital, a division of Maxim Group LLC, acted as
placement agent in connection with the Private Placement pursuant
to a Placement Agency Agreement, dated Jan. 27, 2017.  Under the
Placement Agency Agreement, the Company agreed: (i) to pay the
placement agent a cash commission equal to 10% of the aggregate
gross proceeds of the Securities sold at each closing; (ii) to
grant to the placement agent or its designees 5-year warrants to
purchase shares of Common Stock equal to 10% of the aggregate
number of shares of Preferred Stock sold through their efforts in
the Private Placement at each closing, at a price equal to 110% of
the purchase price of the Preferred Stock at such closing, with
such warrants containing a cashless exercise provision; (iii) to
reimburse the placement agent for certain reasonable and documented
expenses; and (iv) to grant the placement agent a right of first
refusal to act as lead placement agent for certain securities
offerings following the final closing of the Private Placement.
The Placement Agency Agreement contains customary representations,
warranties and indemnification by the Company and provides for the
payment to the placement agent of up to $60,000 in expenses.  The
placement agent received approximately $1,500,000 in connection
with the Initial Closing, plus $60,000 for the payment of the
placement agent's expenses, and a Placement Agent Warrant to
purchase 699,544 shares of Common Stock at an exercise price equal
to $2.22.

      Possible Effects on Rights of Existing Stockholders

"Existing stockholders will suffer significant dilution in
ownership interests and voting rights as a result of the issuance
of the Preferred Stock and the Dividend Shares ... and may suffer
additional dilution upon the issuance of shares of our Common Stock
upon the conversion of the Preferred Stock or the exercise of the
Warrants.  The Preferred Stock will be senior to our Common Stock
with respect to dividends and liquidation preferences, the holders
of Preferred Stock will vote with the holders of Common Stock in
any vote on an adjusted, as-converted basis and the holders thereof
will be entitled to 8.0% cumulative annual dividend payable in
shares of Common Stock (the "Dividend Shares").  Further, existing
stockholders may suffer significant dilution due to the Make-Whole
Adjustment provision described above.  The potential dilution
described above is also in addition to potential dilution from (i)
the issuance of additional shares of Common Stock due to potential
future anti-dilution adjustments on the Preferred Stock, (ii) the
issuance of shares of Common Stock pursuant to other outstanding
options and warrants or (iii) any other future issuances of our
Common Stock.  The sale into the public market of these shares also
could materially and adversely affect the market price of our
Common Stock."

Additional information is available at the Securities and Exchange
Commission's website at https://is.gd/oWry66

                 About Diffusion Pharmaceuticals

Diffusion Pharmaceuticals, as surviving entity in its merger with
RestorGenex, is a clinical stage biotechnology company focused on
extending the life expectancy of cancer patients by improving the
effectiveness of current standard-of-care treatments including
radiation therapy and chemotherapy.  Diffusion is developing its
lead drug, trans sodium crocetinate (TSC), for use in the many
cancer types in which tumor hypoxia (oxygen deprivation) is known
to diminish the effectiveness of current treatments.  TSC targets
the cancer's hypoxic micro-environment, re-oxygenating
treatment-resistant tissue and making the cancer cells more
vulnerable to the therapeutic effects of treatments such as
radiation therapy and chemotherapy, without the apparent addition
of any serious side effects.  TSC has potential application in
other indications involving hypoxia, such as stroke and
neurodegenerative diseases.

Diffusion reported a net loss of $23.8 million on $0 of revenues
for the year ended Dec. 31, 2015, compared to a net loss of $14.4
million on $0 of revenues for the year ended Dec. 31, 2014.

As of Sept. 30, 2016, Diffusion had $19.04 million in total assets,
$7.56 million in total liabilities and $11.48 million in total
stockholders' equity.

Deloitte & Touche LLP, in Chicago, Illinois, issued a "going
concern" qualification on the consolidated financial statements for
the year ended Dec. 31, 2015, citing that the Company's recurring
losses from operations and its present financial resources raise
substantial doubt about its ability to continue as a going concern.



DIOCESE OF NEW ULM: Seeks to Hire Blank Rome as Insurance Counsel
-----------------------------------------------------------------
The Diocese of New Ulm seeks approval from the U.S. Bankruptcy
Court for the District of Minnesota to Blank Rome LLP as special
counsel.

The services to be provided by the firm include legal advice
concerning insurance-related matters, representation in potential
litigation, and negotiations with insurance carriers.

Blank Rome received a retainer of $50,000 prior to the Debtor's
bankruptcy filing.  Attorneys' fees will be charged at the firm's
normal hourly rates with a 23% discount.

James Murray, Esq., at Blank Rome, disclosed in a court filing that
his firm does not hold or represent any interest adverse to the
Debtor's bankruptcy estate.

The firm can be reached through:

     James R. Murray, Esq.
     Blank Rome LLP
     1825 Eye Street NW
     Washington, DC 20006
     Phone: +1.202.420.3409  
     Fax: +1.202.420.2201
     Email: JMurray@BlankRome.com

                    About Diocese of New Ulm

The Diocese of New Ulm sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. D. Minn. Case No. 17-30601) on March 3,
2017.  The petition was signed by Monsignor Douglas L. Grams, vice
general.  The case is assigned to Judge Robert J. Kressel.

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


DIOCESE OF NEW ULM: Seeks to Hire Meier Kennedy as Special Counsel
------------------------------------------------------------------
The Diocese of New Ulm seeks approval from the U.S. Bankruptcy
Court for the District of Minnesota to hire Meier, Kennedy & Quinn,
Chartered as special counsel.

Meier will represent the Debtor in lawsuits involving allegations
of sexual abuse and in non-bankruptcy matters including clergy
pension and general employee benefit work, Catholic school law,
real estate, and parish consolidation.

The firm received a retainer of $50,000 prior to the Debtor's
bankruptcy filing.

Thomas Wieser, president of Meier Kennedy, disclosed in a court
filing that his firm does not hold or represent any interest
adverse to the Debtor's bankruptcy estate.

The firm can be reached through:

     Thomas B. Wieser, Esq.
     Meier, Kennedy & Quinn, Chartered
     445 Minnesota Street, Suite 2200
     St. Paul, MN 55101
     Phone: (651) 228-1911
     Fax: (651) 223-5483
     Email: info@mkqlaw.com
     Email: TWieser@mkqlaw.com

                    About Diocese of New Ulm

The Diocese of New Ulm sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. D. Minn. Case No. 17-30601) on March 3,
2017.  The petition was signed by Monsignor Douglas L. Grams, vice
general.  The case is assigned to Judge Robert J. Kressel.

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


DIOCESE OF NEW ULM: Taps BGA Management as Turnaround Consultant
----------------------------------------------------------------
The Diocese of New Ulm seeks approval from the U.S. Bankruptcy
Court for the District of Minnesota to hire BGA Management, LLC.

BGA, which does business as Alliance Management, will assist the
Debtor as a financial and turnaround consultant during its Chapter
11 case.  The services to be provided by the firm include assisting
the Debtor in the preparation of a plan of reorganization.

The Debtor has agreed to pay the firm a retainer in the amount of
$111,669 for its services.

BGA President Michael Knight disclosed in a court filing that his
firm does not hold or represent any interest adverse to the
Debtor's bankruptcy estate.

The firm can be reached through:

     Michael Knight
     BGA Management, LLC
     Carlson Towers, Suite 110
     601 Carlson Parkway
     Minneapolis, MN 55305
     Phone: 952-475-2225

                    About Diocese of New Ulm

The Diocese of New Ulm sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. D. Minn. Case No. 17-30601) on March 3,
2017.  The petition was signed by Monsignor Douglas L. Grams, vice
general.  The case is assigned to Judge Robert J. Kressel.

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


DIOCESE OF NEW ULM: Taps Fredrikson & Byron as Legal Counsel
------------------------------------------------------------
The Diocese of New Ulm seeks approval from the U.S. Bankruptcy
Court for the District of Minnesota to hire legal counsel in
connection with its Chapter 11 case.

The Debtor proposes to hire Fredrikson & Byron, P.A. 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.

James Baillie, Esq., the attorney designated to represent the
Debtor, will charge an hourly rate of $450 for his services.

Mr. Baillie disclosed in a court filing that his firm does not hold
or represent any interest adverse to the Debtor's bankruptcy
estate.

The firm can be reached through:

     James L. Baillie, Esq.
     Fredrikson & Byron, P.A.
     200 South Sixth Street, Suite 4000
     Minneapolis, MN 55402
     Tel: 612-492-7013
     Email: jbaillie@fredlaw.com

                    About Diocese of New Ulm

The Diocese of New Ulm sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. D. Minn. Case No. 17-30601) on March 3,
2017.  The petition was signed by Monsignor Douglas L. Grams, vice
general.  The case is assigned to Judge Robert J. Kressel.

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


DOWLING'S PALACE: Asks Court to Approve Plan Outline
----------------------------------------------------
Dowling's Palace, Inc., filed with the U.S. Bankruptcy Court for
the Eastern District of Pennsylvania a motion for approval of the
disclosure statement in support of the Debtor's plan of
liquidation.

The Debtor filed the Disclosure Statement and the Plan on March 6,
2017.

Dowling's Palace Inc., based in Philadelphia, Pa., filed a Chapter
11 petition (Bankr. E.D. Pa. Case No. 16-18356) on Dec. 5, 2016.
The Hon. Ashely M. Chan presides over the case.  Robert J. Lohr,
II, Esq., of Lohr & Associates, Ltd., serves 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 Stacey L. Dowling, president.

The Debtor listed North Philadelphia Financial Partnership as its
sole unsecured creditor, holding a claim of $37,000.


DUBLIN SCHOOL: S&P Removes 'BB+' Debt Rating From Watch Neg.
------------------------------------------------------------
S&P Global Ratings removed its 'BB+' underlying rating on Dublin
School District, Ga.'s debt and its 'BB' rating on the Dublin City
and Laurens County Development Authority, Ga.'s series 2013 taxable
lease revenue bonds, issued for the district, from CreditWatch,
where they had been placed with negative implications Jan. 11,
2017.  S&P affirmed both ratings with a negative outlook.

S&P Global Ratings also affirmed its 'AA+' long-term state aid
intercept program rating, with a stable outlook, on the district's
general obligation (GO) bonds.

"The CreditWatch removal reflects our receipt of documentation
sufficient for us to review the ratings," said S&P Global Ratings
credit analyst Hilary Sutton.

The district's full faith and credit, including its ability to levy
ad valorem property taxes without limitation as to rate or amount,
secures the district's GO bonds.  Proceeds of a 1% education
special purpose local option sales tax (SPLOST) will first be used
to pay principal and interest on the bonds.  If these revenues are
insufficient, the bonds are payable from an unlimited ad valorem
tax on all taxable property in the district. SPLOST receipts
totaled $2.4 million in fiscal 2015, providing a barely adequate
1.06x coverage of maximum annual debt service coverage.  S&P rates
the bonds based on the GO pledge of the district, which S&P views
as the stronger pledge.


EAST COAST FOODS: Panel Taps Force Ten as Financial Advisor
-----------------------------------------------------------
The Committee of Creditors Holding Unsecured Claims appointed in
the chapter 11 case of East Coast Foods, Inc., seeks authorization
from the U.S. Bankruptcy Court for the Central District of
California to retain Force Ten Partners, LLC as financial advisor
to the Committee.

The Committee requires Force Ten to:

   1. analyze the Debtor's historical and current cash flow and
      projecting the Debtor's cash flow for purposes of
      evaluating or formulating a plan;

   2. assess the estate's ability to obtain exit financing, which
      could be used to pay allowed general unsecured claims;

   3. evaluate any offers to purchase or to invest in the Debtor
      and assessment of the value of the Debtor's operations and
      assets;

   4. assess liquidation and enterprise values for purposes of
      the treatment of unsecured creditor claims;

   5. determine appropriate interest rates to be applied to any
      classes of general unsecured claims;

   6. evaluate the Debtor's reported and unreported assets;

   7. assist the Committee in the formulation of a plan, plan
      negotiations, and in evaluating any plans; and

   8. analyze and evaluate any additional sources of recovery for
      Unsecured creditors.

Force Ten will be paid at the hourly rate of $400.

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

Adam Meislik, partner of Force Ten Partners, LLC, assured the Court
that the firm and its professionals are 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.

Force Ten can be reached at:

     Adam Meislik
     FORCE TEN PARTNERS, LLC
     20341 SW Birch Street, Suite 220
     Newport Beach, CA 92660
     Tel: (949) 357-2360

                   About East Coast Foods, Inc.

East Coast Foods Inc., a California corporation, is the owner and
operator of four Roscoe' Chicken N' Waffles restaurants in Los
Angeles area.  East Coast Foods sought protection under Chapter 11
of the Bankruptcy Code (Bankr. C.D. Cal. Case No. 16-13852) on
March 25, 2016. The petition was signed by Herbert Hudson,
president.

The Debtor is represented by Vakhe Khodzhayan, Esq., at KG Law,
APC. The case is assigned to Judge Sheri Bluebond.

The Debtor estimated assets of $0 to $50,000 and debts of $10
million to $50 million.

The Office of the U.S. Trustee on April 29, 2016, appointed five
creditors of East Coast Foods, Inc., to serve on the official
committee of unsecured creditors.

Bradley D. Sharp was appointed Chapter 11 trustee of the Debtor's
estate on Sept. 28, 2016.


ECOARK HOLDINGS: Has Direct Offering of $8 Million Common Shares
----------------------------------------------------------------
Ecoark Holdings, Inc. has entered into definitive agreements with
two institutional investors for an offering of 2,000,000 shares of
common stock, at a price per share of $4.00, issued with warrants
to purchase 1,000,000 shares of common stock.  The warrants have an
exercise price of $5.00 per share and will expire five years from
the date of issuance.  The closing of the offering is expected to
take place on or about March 17, 2017, subject to the satisfaction
of customary closing conditions.

Rodman & Renshaw, a unit of H.C. Wainwright & Co., is acting as the
exclusive placement agent in connection with this offering. Net
proceeds from the offering are expected to be approximately $7.3
million, excluding potential proceeds from the exercise of the
warrants.  Ecoark intends to use the net proceeds from the offering
for growth working capital and increasing its stockholders' equity
as it prepares to complete its application for uplisting on the
Nasdaq Capital Market following both the changing of its fiscal
year end to March 31, 2017, and the filing of its March 31, 2017,
audited financial statements.

The securities are being offered by Ecoark Holdings pursuant to a
shelf registration statement (File No. 333-213186) previously filed
with and subsequently declared effective by the Securities and
Exchange Commission.  A prospectus supplement relating to the
offering will be filed with the SEC and will be available on the
SEC's website at http://www.sec.govand following such filing,
copies of the prospectus supplement and the accompanying base
prospectus relating to this offering may be obtained at the SEC's
website at http://www.sec.gov,or from H.C. Wainwright & Co., LLC
by e-mailing placements@hcwco.com or calling 646-975-6957.

                    About Ecoark Holdings

Ecoark Holdings, Inc., is a technology solutions company.  The
Company offers technologies to fight waste in operations,
logistics, and supply chains worldwide.  It provides pallet-level
time and temperature tracking, pre-cool prioritization and
monitoring, pallet routing, real-time in-transit monitoring, remote
visibility, and quality management solutions.  The Company also
offers Point Clouds, which creates two dimensional (2d) and three
dimensional (3d) digital replications; High definition (HD) photos,
a 360 degree rotational bubble image from various project
perspectives; 2d Plans that plan and elevates views in CAD/PDF; and
3d models, such as Revit, CAD, Cyclone, 3dS, and others; as well as
provides training and consultation services on laser scan and/or
creates 2d as-builts or 3d models.

For the nine months ended Sept. 30, 2016, the Company reported a
net loss of $14.60 million on $10.77 million of revenues compared
to a net loss of $7.78 million on $6.18 million of revenues for the
nine months ended Sept. 30, 2015.

As of Sept. 30, 2016, Ecoark had $20.48 million in total assets,
$10.75 million in total liabilities and $9.72 million in total
stokholders' equity.

"The Company raised $17,320 of additional capital, net of expenses,
in a private placement subsequent to the reverse merger transaction
on March 24, 2016...  The Company's ability to raise additional
capital through future equity and debt securities issuances is
unknown.  Obtaining additional financing, the successful
development of the Company's contemplated plan of operations,
ultimately, to profitable operations are necessary for the Company
to continue operations.  The ability to successfully resolve these
factors raises substantial doubt about the Company's ability to
continue as a going concern," the Company stated in its quarterly
report for the period ended Sept. 30, 2016.


ECOARK HOLDINGS: Reports $25.2 Million Net Loss for 2016
--------------------------------------------------------
Ecoark Holdings, Inc., filed with the Securities and Exchange
Commission its annual report on Form 10-K disclosing a net loss of
$25.23 million on $14.40 million of revenues for the year ended
Dec. 31, 2016, compared to a net loss of $10.47 million on $7.67
million of revenues for the year ended Dec. 31, 2015.

As of Dec. 31, 2016, Ecoark had $13.29 million in total assets,
$7.82 million in total liabilities and $5.47 million in total
stockholders' equity.

At Dec. 31, 2016, and 2015 the Company had cash of $1.49 million
and $1.96 million, respectively, and working capital of $1.47
million at the end of 2016 compared with a working capital deficit
of $2.15 million at the end of 2015.  The increase in working
capital was principally due to the increase from the issuance of
common stock in a private placement offering and the decrease in
the current portion of long-term debt due to repayments of
related-party debt and the conversion of debt to equity.  The
Company is dependent upon raising additional capital from future
financing transactions.

"Since our inception, the Company has experienced negative cash
flow from operations and expects to experience significant negative
cash flow from operations in the future.  We will need to raise
additional funds in the future so that it can continue to expand
its operations and repay its indebtedness.  The inability to obtain
additional capital may restrict our ability to grow and may reduce
the ability to continue to conduct business operations," the
Company said in the report.

KBL, LLP, in New York, issued a "going concern" qualification on
the consolidated financial statements for the year ended Dec. 31,
2016, citing that the Company has incurred substantial losses and
needs to obtain additional financing to continue the development of
their products.  The lack of profitable operations raise
substantial doubt about the Company's ability to continue as a
going concern.

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

                      https://is.gd/iN1ch3

                      About Ecoark Holdings

Ecoark Holdings, Inc., is a technology solutions company.  The
Company offers technologies to fight waste in operations,
logistics, and supply chains worldwide.  It provides pallet-level
time and temperature tracking, pre-cool prioritization and
monitoring, pallet routing, real-time in-transit monitoring, remote
visibility, and quality management solutions.  The Company also
offers Point Clouds, which creates two dimensional (2d) and three
dimensional (3d) digital replications; High definition (HD) photos,
a 360 degree rotational bubble image from various project
perspectives; 2d Plans that plan and elevates views in CAD/PDF; and
3d models, such as Revit, CAD, Cyclone, 3dS, and others; as well as
provides training and consultation services on laser scan and/or
creates 2d as-builts or 3d models.


ENERGIS PETROLEUM: 10 Unsecured Claims Remain Unpaid
----------------------------------------------------
Creditors Richard Garwood and Mary Ann Garwood filed a first
amended disclosure statement explaining their Chapter 11 plan for
Energis Petroleum, LLC, to disclose that there are ten proofs of
claims remaining in the estate.

General unsecured creditors will receive a distribution of
approximately 27.67% of their allowed claims, if the Bankruptcy
Court sustains the objection to the unsecured claim of National
Business Communications, Inc., and 22.56% if the Court overrules
the objection to the claim of NBC.

As of March 3, 2017, the only remaining Proofs of Claim in the
Estate are as follows:

     (1) Proof of Claim 1-1 by The HT Hackney Co.;

     (2) Proof of Claim 4-1 by the Internal Revenue Service;

     (3) Proof of Claim 5-1 by Gerald and Edyth Shulman;

     (4) Proof of Claim 7-1 by Leslie Davis, P.A.;

     (5) Proof of Claim 12-1 by Southeast Petro Distributors, Inc.;


     (6) Proof of Claim 15-1 by Capacity Insurance Company;

     (7) Proof of Claim 16-1 by the Florida Department of Revenue;


     (8) Proof of Claim 17-1 by NBC, which is subject to objection
by Garwood;

     (9) Proof of Claim 18-1 by PM Okeechobee, LLC; and

     (10) Proof of Claim 19-1 by Craig A. Huffman, Esq.

As of March 13, the Debtor is holding funds from the sale of the
Real Property in the amount of $920,600.76.  This amount was after
the Debtor paid certain secured claims, as well as the paying
closing costs totaling $89,520.05.  Additionally, the total amount
of unsecured claims in this Estate total $1,788,237.79, which
includes the unsecured claim of the Florida Department of Revenue
and does not include the claim of NBC.  However, if the Court
overrules the pending objection to the claim of NBC, the unsecured
claims in the Estate will total $2,296,495.32.

A full-text copy of the Garwoods' First Amended Disclosure
Statement dated March 7, 2017, is available at:

          http://bankrupt.com/misc/flsb15-19945-353.pdf

Headquartered in Boca Raton, FL, Energis Petroleum, LLC filed for
chapter 11 protection (Bankr. S.D. Fl. Case No.15-19945)on June 1,
2015 with estimated assets of $0 to $50,000 and estimated
liabilities of $1 million to $10 million.  The petition was signed
by Keith Duffy, managing member.


ESHNAM HOSPITALITY: Hires Beam as Real Estate Broker
----------------------------------------------------
Eshnam Hospitality, Inc., seeks authority from the U.S. Bankruptcy
Court for the Northern District of Texas to employ the Beam Real
Estate as real estate broker to the Debtor.

Eshnam Hospitality requires Beam to market and sell the Debtor's
real property located at 11350 LBJ Freeway, Dallas Texas.

Beam will be paid a commission of 4% of the gross sales price
payable upon the closing of the sale of the property.

Jagdish Godhwani, member of Beam 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.

Beam can be reached at:

     Jagdish Godhwani
     BEAM REAL ESTATE
     14455 Webb Chapel Road
     Farmers Branch, TX 75234
     Tel: (972) 693-3286
     Fax: (972) 484-6677
     E-mail: jackgodhwani@gmail.com

              About Eshnam Hospitality, Inc.

Eshnam Hospitality Inc., based in Cedar Hill, Texas, filed a
Chapter 11 petition (Bankr. N.D. Tex. Case No. 17-30860) on March
6, 2017. The Hon. Barbara J. Houser presides over the case. Eric A.
Liepins, Esq., at Eric A. Liepins, 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 Naureen
Mahmood, authorized representative.


ETERNAL ENTERPRISE: May Use Cash Collateral to Pay AD Property
--------------------------------------------------------------
The Hon. Ann M. Nevins of the U.S. Bankruptcy Court for the
District of Connecticut has granted Eternal Enterprise, Inc.,
permission to use cash collateral of up to $15,203 to pay A.D.
Property Management.

A hearing to consider the continued use of cash collateral is set
for April 5, 2017, at 2:00 p.m.  Objections to the continued cash
collateral use must be filed before 4:00 p.m. on March 29, 2017.

The Debtor owns property located at 270 Laurel Street, Hartford
Connecticut.  The Property is subject to a consensual lien as the
result of a mortgage on the Property, initially held by Astoria
Federal Mortgage Corp., and currently held by Hartford Holdings,
Inc.  The Debtor holds an insurance policy through USI backed by
Lloyd's of London to protect the Property.  The Debtor has also
employed Vin Vizzo Adjusters, LLC, as its private insurance
adjuster.

A fire occurred at the Property, resulting in severe damage.  The
Debtor has an advance on insurance proceeds, which constitute the
cash collateral of Hartford Holdings, LLC.  The Debtor requires the
use of cash collateral of Hartford Holdings to pay A.D. Property
for security services provided at the Property during December
2016.

The Debtor filed on Feb. 24, 2017, a motion to use $14,320 of cash
collateral from insurance proceeds from the Property to pay A.D.
Property for January.  The Debtor seeks to pay AD Property
Management $13,920 for security services, and $400 for snow removal
services for the Property.
The Debtor had previously requested court approval for an advance
of $750,000 from the anticipated insurance proceeds following the
fire at the Property.  Previously, the Court approved the Debtor's
use of $291,911.16 of the $750,000 for various expenses and
services provided for related to the insurance claims.  To date,
$458,088.94 remains of the original $750,000.  After the payment of
$14,320 to AD Property and the payment to AD Property for December
of $15,203, a total of $428,565.94 will remain.
A copy of the motion is available at:

             http://bankrupt.com/misc/ctb14-20292-933.pdf

                       About Eternal Enterprise

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

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

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

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

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


EXCO RESOURCES: S&P Lowers CCR to 'SD' on Distressed Note Exchange
------------------------------------------------------------------
S&P Global Ratings lowered its corporate rating on EXCO Resources
Inc. to 'SD' from 'CCC+'.

At the same time, S&P lowered its issue-level rating on the
company's second-lien secured term loans due 2020 to 'D' from
'CCC+'.  The recovery rating remains '4', indicating S&P's
expectation for average (30% to 50%; rounded estimate: 40%)
recovery in the event of default.

"The downgrade follows EXCO's recent announcement that it has
closed on the exchange of $683 million principal amount of the
company's second-lien secured term loans for 1.75-lien term loans
with an option to meet interest obligations with cash, common
equity or additional 1.75-lien terms loans.  The company is also
issuing $300 million of new 1.5-lien debt," said S&P Global Ratings
credit analyst Alex Vargas.  "We expect the company to use proceeds
to repay borrowings under Exco's credit facility, which is being
reduced to $150 million," he added.

S&P views the exchange as distressed due to the change in ranking
to a more junior position for the new 1.75-lien term loan and the
remaining portion of the second-lien term loan, both of which now
take a subordinate position to the new 1.5-lien notes. Furthermore,
S&P believes the company faced the possibility of a conventional
default absent a debt restructuring which potentially changes the
timing of interest payments.  S&P expects to review the corporate
credit and issue-level ratings when it assess the likelihood of
further debt exchanges as low.


EXGEN TEXAS: S&P Lowers Project Rating to 'CCC-'; Outlook Neg.
--------------------------------------------------------------
S&P Global Ratings said it lowered its project rating on ExGen
Texas Power LLC to 'CCC-' from 'CCC+'.  The outlook is negative.
The recovery rating of '3' is unchanged, reflecting S&P's
expectation of meaningful (50%-70%; rounded estimate: 65%) recovery
in the event of default.

The downgrade to 'CCC-' stems from S&P's expectation that the
issuer will likely face liquidity shortfalls during the first half
2017 or could begin restructuring activities, which, in S&P's
opinion, are very likely to be distressed, considering current
trading levels.  This would constitute, under S&P's criteria, an
event of default.  Even if the company does not experience an event
of default in the next year, S&P believes that some sort of event
of default is highly likely during the term loan's life.

In S&P's opinion, the only method of escaping such an outcome is
extraordinary support from Exelon (which has publicly stated it
will not support this project with equity) or dramatic improvements
in the ERCOT market power pricing (which would represent an
unexpected reversal of a very pronounced multiyear trend).

"The negative outlook on ExGen Texas Power LLC reflects our
expectations of a likely near-term liquidity event or a
restructuring," said S&P Global Ratings credit analyst Michael
Ferguson.

S&P would likely downgrade ExGen Texas Power LLC to 'CC' when and
if the project announces terms of restructuring or if a liquidity
shortfall resulting in nonrepayment of debt precedes that.

A revision to a stable outlook or a higher rating is immediately
unlikely, but could occur if equity were to be infused by the
sponsor or if Texas power prices increased dramatically during the
next few months, both of which are unexpected.



EZRA HOLDINGS: Case Summary & 20 Largest Unsecured Creditors
------------------------------------------------------------
Debtor affiliates filing separate Chapter 11 bankruptcy petitions:

   Debtor                                           Case No.
   ------                                           --------
   Ezra Holdings Limited                            17-22405
   75 South Broadway
   Fourth Floor, Office 489
   White Plains, NY 10601

   Ezra Marine Services Pte. Ltd.                   17-22406

   EMAS IT Solutions Pte Ltd                        17-22407

Type of Business: Ezra -- www.ezraholdings.com -- is an investment
                  holding company for a group of companies.  The
                  Ezra Group provides integrated offshore
                  solutions for the oil and gas industry.

Chapter 11 Petition Date: March 18, 2017

Court: United States Bankruptcy Court
       Southern District of New York (White Plains)

Judge: Hon. Robert D. Drain

Debtors' Counsel: Sharon L. Levine, Esq.
                  Jeffrey C. Hampton, Esq.
                  Stephen B. Ravin, Esq.
                  Dipesh Patel, Esq.
                  Aaron S. Applebaum, Esq.
                  SAUL EWING LLP
                  1037 Raymond Boulevard, Suite 1520
                  Newark, NJ 07102
                  Tel: 973-286-6700
                  Fax: 973-286-6800
                  Email: slevine@saul.com
                         dpatel@saul.com
                          sravin@saul.com
                          jhampton@saul.com
                          aapplebaum@saul.com

Debtors'
General
Singapare
Counsel:          DREW & NAPIER LLC

Debtors'
Claims &
Noticing
Agent:            PRIME CLERK LLC

Estimated Assets: $500 million to $1 billion

Estimated Debts: $100 million to $500 million

The petition was signed by Tan Cher Liang, director.

A. List of 20 Largest Unsecured Creditors of Ezra Holdings Limited:


   Entity                          Nature of Claim   Claim Amount
   ------                          ---------------   ------------
DBS Bank Limited                        Loans        $272,071,000
12 Marina Boulevard
DBS Asia Central @
Marina Bay Financial Centre Tower3
Singapore 018982
Name: CCI
Attn: Ms. Pat Chiam
Tel: +65 6878 2024
Email: patchiam@dbs.com

Oversea-Chinese Banking                 Loans        $184,477,000
Corporation Limited
65 Chulia Street, OCBC Centre
Singapore 049513
Name: Oversea-Chinese Banking
Corporation Limited
Attn: Ms. Lai Li Fang
Tel: +65 6890 3788
Email: LaiLF@ocbc.com

HSBC Institutional Trust                Loans        $108,457,980
Services (Singapore)
Limited (as Trustee) for
the holders of the Notes
21 Collyer Quay #03-01 HSBC Building
Singapore 049320
Name: HSBC Institutional Trust Services
(Singapore) Limited (as Trustee) for the
Holders of the Notes
Attn: Ms. Faye Daughters
Tel: +65 6658 5863
Email: fayedaughters@hsbc.com.sg

Svenska Handelsbanken                   Loans          $12,500,000
65 Chulia Street
#21-01/04 OCBC Centre
Singapore 049513
Name: Svenska Handelsbanken
Attn: Ms. Anita Koh
Tel: +65 6531 8309
Email: Anko01@handelsbanken.se

RHB Bank Berhad                         Loans           $8,994,801
90 Cecil Street #03-00
Singapore 069531
Name: RHB Bank Berhad
Attn: Mr. Lionel Chew
Tel: +65 6225 3111
Email: lionel.chew@rhbgroup.com

United Overseas Bank Limited            Loans           $8,773,980
1 Raffles Place #23-61
One Raffles Place Tower 2
Singapore 048616
Name: United Overseas Bank Limited
Attn: Ms. Esther Kwa
Tel: +65 6922 7371
Email: Chen.Kaini@UOBGroup.com

Akastor AS                              Loans           $6,406,033
PO Box 169 NO 1325
LYSAKER Norway
Name: Akastor AS
Attn: Mr. Leif H. Borge
Tel: +47 21 52 58 00

J.P. Morgan (S.E.A.) Limited            Loans           $2,942,500
168 Robinson Road 17th Floor
Capital Tower
Singapore 068912
Name: J.P. Morgan (S.E.A.) Limited
Attn: Mr. Edmund Lee
Tel: +65 6882 2888

Expand Construction Pte Ltd.            Trade           $1,599,935
Ever Expand Building
85 Defu Lane 10, #02-00
Singapore 539218
Name: Expand Construction Pte Ltd.
Attn: Ms. Aung Soemoe
Tel: +65 6298 8066

DBS Bank Ltd.                           Trade           $1,201,864
12 Marina Boulevard DBS Asia Central @
Marina Bay Financial Centre Tower3
Singapore 018982
Name: DBS Bank Ltd.
Attn: Ms. Lim Lay Hoon
Tel: +65 6878 4859
Email: limlayhoon@dbs.com

Allen & Overy LLP                      Trade              $30,488
50 Collyer Quay #09-01 OUE Bayfront
Singapore 049321
Name: Allen & Overy LLP
Attn: President or General Counsel
Tel: +65 6671 6000

Wisteria Hotel Management Pte Ltd.     Trade              $25,208
Email: Annie.teo@jitsun.com

Baker & McKenzie Wong & Leow           Trade              $18,276

Rockstar Atelier Pte Ltd.              Trade              $17,647

Email: pixie@rockstaratelier.com

Freshfields Bruckhaus Deringer         Trade              $13,274
Email: Catherine.leung@freshfields.com

The Hong Kong and Shanghai Banking     Trade              $11,600
Corporation Limited
Email: fayedaughters@hsbc.com.sg

Rahmat Lim & Partners                  Trade               $9,964
Email: carol.lim@rahmatlim.com

Cultural & Entertainment               Trade               $4,689
Holidays Pte Ltd    

SeoSumit.com                           Trade               $4,549

Walkers (Singapore) Limited            Trade               $4,061
Liability Partnership

B. List of 20 Largest Unsecured Creditors of Ezra Marine Services
Pte Ltd.:

   Entity                          Nature of Claim   Claim Amount
   ------                          ---------------   ------------
Oversea-Chinese Banking                               $22,530,509
Corporation, Limited
65 Chulia Street, OCBC Centre
Singapore 049513
Ms. Lai Li Fang
+65 6890 3788

United Overseas Bank Limited                          $13,987,829
1 Raffles Place #23-61
One Raffles Place Tower 2
Singapore 048616
Ms. Esther Kwa
+65 6922 7371

CTBC Bank Co., Ltd.                                   $10,000,000
1 Raffles Place, #29-02/03
Singapore 048616
Mr. Tong Cheng Foong
+65 6351 4888

DBS Bank Ltd.                                          $8,102,274
12 Marina Boulevard, DBS Asia
Central @ Marina Bay Financial
Centre Tower 3
Singapore 018982
Ms. Pat Chiam
+65 6878 2024

Australia and New                                      $4,002,001
Zealand Banking Group Limited
10 Collyer Quay #18-00 Ocean
Financial Centre
Singapore 049315
Mr. Michael Golinelli
+65 6681 1077

Citibank N.A. Singapore Branch                         $2,500,000
8 Marina View, #21-00 Asia
Square Tower 1,
Singapore 018960
Mr. Joel Kang
+65 6657 5587

Huisman Equipment B.V.                                   $709,120
P.O.Box 150-3100 AD
Schiedom Admiraal Trompstraat
2 - 3115 HH Schiedam

Marine Engineering                                       $131,162
Systems (Asia Pacific) Pte Ltd.
Blk 36 Toh Guan Road East
#01-46 Enterprise Hub
Singapore 608580

MacGregor Norway AS                                       $83,314  
                                 
Andøyfaret 15, N-4623
Kristiansand Norway

Lee & Lee                                                 $22,784
50 Raffles Place #06-00
Singapore Land Tower
Singapore 048623
+65 6220 0666

TTS Marine Crane AS, Bergen                                $5,500
P.O. Box 32 Laksevag Bergen
5847, Norway

SP Services Ltd                                            $3,243
Orchard P.O. Box 341
Singapore 912312
+65 1800 2222333

Rentokil Initial                                           $1,902
Singapore Pte Ltd.
16 & 18 Jalan Meslin
Singapore 368815
+65 6347 8138

Ademco (Far East) Pte Ltd.                                 $1,673
315 Outram Road #08-03 Tan
Boon Liat Building
Singapore 169074

Aces Scale Models Pte Ltd.                                 $1,528
14 Robinson Road #13-00 Far
East Finance Building
Singapore 048545

Amnet Technology Pte Ltd                                   $1,186
60 Kaki Bukit Place #06-11/12
Eunos Techpark Singapore 415979

Fujitec Singapore Corpn. Ltd                               $1,118
204 Bedok South Ave 1
Singapore 469333

GAC (Singapore) Pte Ltd                                      $849
3 Lim Teck Kim Road #11-01
Singapore Technologies Bldg
Singapore 088934

Keppel SMIT Towage                                           $673
Private Limited
23 Gul Road Singapore 629356

Instone Singapore Pte Ltd                                    $578
390 Orchard Road #12-02 Palais
Renaissance Singapore 238871

C. List of Seven Largest Unsecured Creditors of EMAS IT Solutions
Pte Ltd.:

   Entity                          Nature of Claim   Claim Amount
   ------                          ---------------   ------------
HP Financial Services (S) Pte Ltd                      $1,244,159
450 Alexandra Road
Singapore 119960
Goh Tian Tiong
+6 03 2303 2688

Netrust Pte Ltd                                          $134,000

Dell Global B.V. (Singapore Branch)                      $113,290

NCS Pte Ltd                                               $20,877


AvePoint Singapore Pte Ltd                                 $9,962

SMS Management &                                           $3,696
Technology Singapore Pte Ltd

Ernst & Young Solutions LLP                                  $810


EZRA HOLDINGS: Commences Restructuring Proceedings in the U.S.
--------------------------------------------------------------
Ezra Holdings Limited, an investment holding company incorporated
in Singapore, sought bankruptcy protection blaming the prolonged
deterioration of the financial performance of its business
divisions and its inability to carry out fundraising in the oil and
gas industry that resulted in a cash crunch and an inability to pay
its debts as they come due.

On March 18, 2017, Ezra, together with its wholly-owned
subsidiaries, EMAS IT Solutions Pte Ltd and Ezra Marine Services
Pte. Ltd., filed voluntary petitions for reorganization under
Chapter 11 of the Bankruptcy Code in the U.S. Bankruptcy Court for
the Southern District of New York in order to facilitate a
financial restructuring.

"The Ezra Chapter 11 Filing is intended to optimize the scope and
extent of the restructuring options available and to protect the
interests of all stakeholders of the Company (including its
creditors and shareholders) from hostile actions that could harm
the Company and its stakeholders by diminishing the Group's value.
The moratorium afforded under the Ezra Chapter 11 Filing stays
claims against the Ezra Chapter 11 Entities and enforcement actions
against their assets," according to a company press release.

The Company intends to engage and convene meetings with holders of
S$150,000,000 4.875 per cent notes due 2018 with the aim of
updating the Noteholders on the Company's current position and
providing further information in relation to the Ezra Chapter 11
filing.  The Company said it will be reaching out to HSBC
Institutional Trust Services (Singapore) Limited as trustee for the
Noteholders to begin this process with the Noteholders as soon as
practicable.  The Company has also reached out to, and intend to
work with, the Securities Investors Association (Singapore) as it
engages with the Noteholders.   

According to Robin Chiu, chief restructuring officer of the
Debtors, Ezra's financial position has suffered as its business
divisions were adversely impacted by the extremely challenging
operating environment.  

"As an investment holding company for a group of companies, its
primary assets are its investments in its respective business
divisions and it is dependent on the returns from those investments
and management fees for support services to each of its business
divisions to meet its own financial obligations," said Mr. Chiu.
"Ezra's recent financial difficulties resulted from the significant
weakness and volatility in the oil price environment which has
persisted since 2014.  This weakness and volatility caused global
concerns to both oil and gas and oilfield services operators,
resulting in a worldwide reduction in all activities in the
exploration, development and production of oil and natural gas.
The prolonged challenging operating environment in the oil and gas
industry made it difficult for Ezra to carry out fundraising as a
company listed on the SGX-ST," he added.

Mr. Chiu further said that oversupply of offshore supply vessels
along with the influx of newly built vessels resulting in low
competitive charter rates compounded the financial difficulties of
Ezra's business divisions.

                          About Ezra

Ezra is incorporated in Singapore with its registered office at 15
Hoe Chiang Road #28-01 Tower Fifteen Singapore 089316.  Its shares
were listed on the SGX Sesdaq on Aug. 8, 2003, and moved to the
Mainboard of the Singapore Exchange since Dec. 8, 2005.  It also
issued certain notes (S$150,000,000 4.875% Notes due 2018 comprised
in Series 003) which have been listed on the Singapore Exchange
since 2013.

Ezra established and maintains an office in the United States
located at 75 South Broadway, Fourth Floor, Office Number 489,
White Plains, NY 10601.  Ezra also has a wholly owned New York
subsidiary, Ezra Holdings (NY) Inc., which was incorporated in the
United States of America with 200 shares at a nominal issue price
per share.

Founded in 1992, Ezra Holdings Limited --
http://www.ezraholdings.com/-- is an offshore contractor and
provider of integrated offshore solutions to the global oil and gas
industry.  The Group has three main business divisions, namely
Subsea Services, Offshore Support and Production Services, and
Marine Services offering a full range of seabed-to-surface
engineering, construction, marine and production services globally.
Under the EMAS branding, the Group operates in more than 16
locations across six continents spanning Africa, the Americas,
Asia, Australia and Europe.

EMITS, a wholly owned subsidiary of Ezra, provides supporting
services to each of the Ezra Group's business divisions.  The
services provided are information technology services including
procuring data center services, Microsoft licenses, network
connectivity, computing support, shared IT equipment and service
support, email service, project management IT services support,
software applications and support and servers from various service
providers.

Ezra Marine is also a wholly owned subsidiary of Ezra.  It has a
leasehold interest in the marine base in Singapore located at 51
Shipyard Road, Singapore 628139 and leases out the base's
facilities and provides various support services in connection with
the marine base to the Ezra Group's operating entities.  These
support services in connection with the marine base include
provision of power and potable water, various rental equipment,
manpower and management services, storage space and supplies.

The Ezra Group's joint venture ECS, and certain of its affiliate
companies filed voluntary petitions for reorganization under
Chapter 11 of the Bankruptcy Code in the United States Bankruptcy
Court for the Southern District of Texas on Feb. 27, 2017.  ECS'
wholly- owned subsidiary, EMAS-AMC AS, has also been placed under
members' voluntary liquidation in Norway.  As Ezra has guaranteed
substantial charter hire liabilities of the ECS Group, as well as
certain loans owed by the ECS Group to financial institutions, Ezra
faces potentially significant contingent liability if the creditors
call on the guarantees.

Ezra received statutory demands from Svenska Handelsbanken AB
(Publ), Singapore Branch and Forland Subsea AS on Jan. 24, 2017,
and Feb. 6, 2017, respectively.  These statutory demands have since
expired under Singapore law and these two creditors are at liberty
to commence winding up applications against Ezra.  Ezra also
received a statutory demand from VT Halter Marine, Inc. on March 9,
2017.

For fiscal year ended Aug. 31, 2016, the Ezra Group, on a
consolidated basis, realized revenue of approximately $525 million,
with corresponding cost of sales of approximately $540 million, for
a gross loss of approximately $15 million.  The Ezra Group also
incurred other expenses, including administrative expenses, in
excess of $835 million, for a net loss from continuing business
operations of approximately $850 million.

Ezra's books and records reflect, as of Aug. 31, 2016, long-term
assets valued at approximately $515 million, and current assets
valued at approximately $220 million.  On a consolidated basis, for
the same time period, the Ezra Group reflected long-term assets
valued at approximately $1.3 billion, and current assets valued at
approximately $623 million.


FANSTEEL INC: Unsecureds May Recoup 100%, Plus 3% Over 5 Years
--------------------------------------------------------------
Fansteel, Inc., filed with the U.S. Bankruptcy Court for the
Southern District of Iowa a second amended disclosure statement
dated March 6, 2017.

Holders of Class 10 Allowed General Unsecured Claims -- estimated
at $4,063,181 -- will each receive, in exchange for and in full
satisfaction of the claim, a dividend, in cash, in deferred
quarterly payments, with the first payment being on the Effective
Date, and subsequent payments within 90 days thereafter, for a
period not to exceed five years from and after the Effective Date.
The quarterly dividend will be divided pro rata among all Class 10
claim holders based on the amount of their respective Allowed
General Unsecured Claims.  The Debtor estimates that the minimum
total amount of the dividends to be paid on all Allowed Class 10
Claims will be equal to 100% of the claims, plus interest at 3.0%
per annum, as and from the Effective Date.  The Class 10 Claims
will be paid through the Debtor Fansteel's bankruptcy estate and
not by the Wellman Dynamics Corporation bankruptcy estate or the
Wellman Dynamics Machinery & Assembly Inc. bankruptcy estate.
Class 10 is impaired by the Plan.

It is estimated that the unsecured creditors will receive full
repayment from the collateral trust.  Class 10 claim holders may
elect one of two options.  For the first option, the Class 10 claim
holders may elect to receive 100% of their allowed claim within
five years plus annual amortized interest of 3% as follows: (a) the
first four quarters (Quarters 1-4) will receive a payment of
interest only and the first payment will be made within 30 days
from the Effective Date; (b) the next 15 quarters (Quarters 5-19)
will receive a payment of principal and interest and payment will
be made in advance within 10 days from the first day of each
quarterly payment; and (c) the one final payment (Quarter 20) of
accrued interest and principal is due as a full settlement no later
than the end of the final amortization day.  These payments are
discretionary in only one instance -- the new senior secured credit
facility may require a minimum EBITDA in excess of fixed charge
obligations.  The Debtor anticipates a minimum of 1.1 ratio, which
means that the Debtor needs 10% more cash flow than what it is
obligated to pay to the bank, before the Debtor can make other debt
payments.  The Debtor's projections indicate that it will always
exceed the minimum fixed charge coverage ratio and therefore the
Debtor anticipates payments will not need to be discretionary and
will be made as scheduled.

The second option for holders of Class 10 Claims is to elect to
receive 30% of their allowed claim paid in full on the Effective
Date in complete satisfaction of their allowed claim.  If holders
of allowed Class 10 Claims wish to elect to receive payment of 30%
of their claim in full satisfaction of said Claim, they must
clearly select the option on their ballot and timely submit same by
the Ballot Deadline.

The Reorganized Debtor will be entitled and authorized to
immediately pre-pay all the Class 10 claim holders in an amount
equal to 100% of their respective allowed Class 10 Claims, with
interest, at the Debtor's sole discretion, and any pre-payment will
be in full and complete satisfaction of its obligations under the
Plan, and be a discharge of its obligations to pay any further
dividend to Allowed Class 10 claim holders.

Fansteel's inter-company debt of $32,106,036 owed to WDC will be
converted into WDC's 100% equity ownership of Fansteel.  All prior
equity interests in Fansteel will be cancelled on the Effective
Date.

About $4 million of the Class 3 Claim of 510 Ocean Drive will be
converted into a corresponding amount of equity in Reorganized WDC.
The remaining debt of Fansteel owed to the Class 3 claim holder
will be subordinated.

The Debtor will receive a corresponding share of the New Senior
Secured Credit Facility to facilitate meeting its payment
obligations under the Plan on the Effective Date.  The Debtors have
identified The Huntington National Bank to provide its New Senior
Secured Credit Facility.  Huntington Bank will provide the Debtors
with $30 million in exit financing and for working capital and
other general corporate purposes including letters of credit on or
before the Effective Date.

The Debtor will receive a corresponding share of the New Value
Equity Investment Cash to facilitate meeting its payment
obligations under the Plan on the Effective Date.
The Second Amended Disclosure Statement is available at:

          http://bankrupt.com/misc/iasb16-01823-627.pdf

As reported by the Troubled Company Reporter on Feb. 21, 2017,
Wellman Dynamics Machinery & Assembly Inc. filed with the Court a
first amended disclosure statement dated Feb. 16, 2017, referring
to the Debtor's plan of reorganization.  Fansteel will become a
subsidiary of WDC upon the conversion of its inter-company debt
owed to WDC into equity.  A reasoned analysis of the cause of the
bankruptcy in 2003 and the current bankruptcy case is that the
company performance was not sufficient to meet the financial and
funding obligations of FMRI.  The Debtors are reorganizing the
business organizational structure with a debt to equity conversion
of inter-company debt owed by Fansteel to WDC and moving WDC to the
top of the organizational structure, with WDC as the consolidating
parent entity.  FMRI will become the wholly-owned subsidiary of
Fansteel and FMRI funding will be provided from a subset of
Fansteel EBITDA.  With this structure, future WDC earnings will not
be required or compelled to leave WDC for the benefit of subsidiary
entities.

                          About Fansteel

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

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

The Debtors tapped Jeffrey D. Goetz, Esq. and Krystal R.
Mikkilineni, Esq., at Bradshaw, Fowler, Proctor & Fairgrave, P.C.,
as counsel; RSM US LLP as tax advisor; Jeffrey Sands and Dorset
Partners, LLC as business broker; and Mark J. Steger, Esq. at the
Clark Hill Law Firm as Environmental Counsel.

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


FLORIDA EAR: U.S. Trustee Unable to Appoint Committee
-----------------------------------------------------
An official committee of unsecured creditors has not yet been
appointed in the Chapter 11 case of Florida Ear & Sinus Center,
P.A., as of March 16, according to a court docket.

                         About Florida Ear

Headquartered in Sarasota, Florida, Florida Ear & Sinus Center,
P.A., owns and operates a medical practice which specializes in the
treatment of diseases and surgery of the ears, nose and throat.

The Debtor filed for Chapter 11 bankruptcy protection (Bankr. M.D.
Fla. Case No. 17-01120) on Feb. 13, 2017, estimating its assets and
liabilities at between $100,001 and $500,000 each.  Harley E.
Riedel, Esq., at Stichter Riedel Blain & Postler, P.A., serves as
the Debtor's bankruptcy counsel.


FM KELLY: Unsecured Creditors to Recoup 10% over 48 Months
----------------------------------------------------------
FM Kelly Construction Group, Inc., filed with the U.S. Bankruptcy
Court for the Eastern District of New York a Chapter 11 plan and
accompanying disclosure statement, proposing to pay general
unsecured creditors a 10% dividend of their allowed claims in 48
equal monthly installments of $5,231.53 per month.

Class II consists of the allowed claims of the general unsecured
creditors.  The amount of general unsecured claims totals
approximately $2,511,135.70.

Class I consists of the Claims of the Debtor's insider shareholder
holding a claim in the aggregate amount of $6,745.  The Claim of
the Debtor's Insider will be subordinated to the claims of the
general unsecured creditors and will receive no distribution under
the Plan.  As consideration for the Debtor's principal retaining
his equity interest in the Debtor, the Insider of the Debtor, which
is the Debtor's principal, has agreed to subordinate its claims to
the claims of the Debtor's general unsecured creditors.

The Plan will be financed from income derived from the operation of
Debtor's business.

A full-text copy of the Disclosure Statement dated March 7, 2017,
is available at http://bankrupt.com/misc/nyeb16-72143-59.pdf

                   About FM Kelly Construction Group, Inc.

FM Kelly Construction Group, Inc., a New York-based company, filed

for Chapter 11 bankruptcy protection (Bankr. E.D.N.Y. Case No.
16-72143) on May 12, 2016.  The petition was signed by Joseph
Barbera, chief financial officer.  Judge Robert E. Grossman
presides over the case.  The Debtor estimated assets of $50,000 to

$100,000 and estimated liabilities of $1 million to $10 million.
The Debtor is represented by Kenneth A. Reynolds, Esq. at McBreen &
Kopko.  

A Creditors' Committee has not been appointed by the Office of the

United States Trustee.  


FORESIGHT ENERGY: Fitch Affirms B+ Rating on $825MM Term Loan
-------------------------------------------------------------
Fitch Ratings has affirmed Foresight Energy LLC's $825 million
senior secured first-lien term loan and $170 million revolving
credit facility ratings at 'B+/RR2' and the $425 million
second-lien notes at 'CCC/RR6'. The facilities are to be guaranteed
by Foresight Energy LP.

The Rating Outlook is Stable.

The term loan has been upsized to $825 million from $750 million
and the second -lien notes have been downsized to $425 million from
$500 million resulting in no change to funded debt.

KEY RATING DRIVERS

HIGH FINANCIAL LEVERAGE

Total adjusted debt-to-EBITDAR was 5.4x at Dec. 31, 2016 and could
increase to 6x in 2017 before dropping below 5x under Fitch's
rating case. Borrowings under the new $825 million term loan, $60.6
million intended to be contributed by Murray Energy Corporation in
the form of equity, proceeds from new senior secured second-lien
notes due 2024, and approximately $93.8 million of cash on hand
will be used to repay the existing term loans, repay borrowings
under the existing revolver, redeem the current second-lien notes
and fund the make-whole premiums.

MODEST DELEVERAGING

The new $825 million term loan has a mandatory pre-payment
requirement from excess cash flow at 75% stepping down to 50%
beginning in 2018 if the secured leverage ratio is less than 4x but
greater than 3x, 25% if the secured leverage ratio is less than or
equal to 3x and greater than 1.75x, and 0% if the secured leverage
ratio is less than or equal to 1.75x.

FAVORABLE OPERATING PROFILE

Foresight Energy's mines are low-cost, productive longwall
operations well located to barge and rail transportation.
Operations are concentrated in the Illinois Basin, favored for high
heat coal. Labor is not subject to collective bargaining agreements
and there are no pension or other post-employment benefit (OPEB)
liabilities. The larger mines are relatively recent operations and
all mines are underground resulting in modest reclamation
obligations.

SPOT AND EXPORT MARKETS EXPOSURE

The U.S. domestic steam coal industry is in consolidation following
a prolonged secular decline in demand (5+ years) brought on by
competition from low natural gas prices and regulatory restriction
on emissions. Fitch views the industry as stabilizing but another
decline would follow should the federal government or more states
regulate carbon emissions. The European and Canadian steam coal
markets are in secular decline. Fitch views a strong, priced,
contract position as partially offsetting these factors. Foresight
Energy has been more active in the export market traditionally, but
as the dollar strengthened and prices declined, spot exposure to
the domestic market increased, leaving earnings more vulnerable to
periods of low natural gas prices.

Marketing for Foresight Energy coal is effectively combined with
Murray Energy coal, which adds scale and flexibility but reliance
on non-contracted tons remains a concern.

For the years ended Dec. 31, 2016, 2015, 2014 and 2013, roughly
17%, 24%, 30% and 33% of tons sold, respectively, was shipped
internationally, mostly to European customers.

RECOVERY ANALYSIS

For entities rated 'B+' and below, Fitch estimates the value that
would be available to creditors in a default scenario in order to
assign issue ratings. In the case of Foresight Energy, Fitch
believes recovery value would be maximized in a going-concern
restructuring.

Fitch assumes that the sale-leaseback of reserves and equipment,
the longwall leases, capital leases, and receivables facility have
priority over the first-lien bank facilities. The $141.9 million
Macoupin sale-leaseback is recourse to Macoupin and not recourse to
Foresight Energy LP or any of its other subsidiaries. The $50
million Sugar Camp sale-leaseback is resource to Sugar Camp only.

Fitch assumes the revolver would be fully drawn and that the
receivables facility would be 50% drawn.

The enterprise value (EV) multiple assumption has been revised to
5x from 4.5x. The 4.5x multiple was consistent with distressed coal
EV multiples over the last down-cycle but those had exposure to
metallurgical coal at the bottom of the cycle and/or were in
lower-margin basins. Fitch believes the 5x multiple is more
consistent with Illinois basin margins and operating profile.

The distressed EBITDA assumption of $244 million is consistent with
stress analysis and compares at 80% of the latest 12 months (LTM)
Dec. 31, 2016 EBITDA.

Fitch's analysis shows full recovery of the leases and
securitizations, 76% recovery of the first-lien facilities, and 0%
recovery of the second-lien notes. The resulting Recovery Ratings
for the first-lien facilities is 'RR2', which results in issue
ratings two notches up from the Issuer Default Rating (IDR). The
resulting RR for the second-lien notes is 'RR6', which results in
issue ratings two notches down from the IDR.

KEY ASSUMPTIONS

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

-- Modest volume recovery from a cyclical low in 2017 and then
    flat thereafter;
-- Pricing improves at about 1% per year;
-- Capital expenditures at maintenance levels;
-- Hillsboro remains idled;

-- No distributions and modest de-levering through excess
    cashflow pre-payments of the term loan.

RATING SENSITIVITIES

A positive rating action could occur if total adjusted
debt-to-EBITDAR drops below 4x on a sustained basis while free cash
flow (FCF) is expected to remain positive on average.

A negative rating action could occur if one or all of the following
situations arise:

-- Liquidity is materially reduced due to covenant restrictions
    or FCF burn;
-- Total adjusted debt/EBITDAR is expected to be sustained at or
    above 6.5x
-- Unfavorable regulations limit/impair the company's ability to
    effectively operate its mines.

LIQUIDITY AND CAPITAL STRUCTURE

ADEQUATE LIQUIDITY

Pro forma for the refinancing, cash on hand is estimated to be $10
million and availability under the $170 million revolver is
estimated to be $158 million. Fitch expects the company to generate
positive FCF generally in excess of scheduled maturities except for
bullet amortizations. The new revolving credit facility is to have
a minimum first-lien leverage ratio covenant. The new term loan
will not have any maintenance covenants.

FULL LIST OF RATING ACTIONS

Fitch affirms the following ratings:

Foresight Energy LP
-- Long-term Issuer Default Rating (IDR) at 'B-'.

Foresight Energy LLC
-- Long-term IDR at 'B-'.
-- $825 million first-lien term Loan at 'B+/RR2';
-- $170 million first-lien revolving credit facility at 'B+/RR2';
-- Second-lien notes at 'CCC/RR6'.

The Rating Outlook is Stable.


FRANZEN INTERNATIONAL: Unsecureds to be Paid in Full, With 5%
-------------------------------------------------------------
Franzen International, LLC, filed with the U.S. Bankruptcy Court
for the Western District of Texas a disclosure statement dated
March 6, 2017, referring to the Debtor's plan of reorganization.

The Reorganized Debtor will pay $40,000 annually, increasing to
$50,000 in 2021, pro rata to holders of Class 11 General Unsecured
Claims, which will be paid in annual installments commencing on
Dec. 31, 2017, and continuing on the same date of each successive
year until allowed Class 11 Claims are paid in full with interest
at 5% simple interest.

The Plan contemplates that the Reorganized Debtor will continue to
operate and generate sufficient net operating cash flow after
payment of all operating expenses to pay the restructured debt
service payments provided for in the Plan.  From time to time, the
Debtor may sell excess inventory of equipment and pay the proceeds
to creditors whose liens attach to the Debtor's property.  Proceeds
from the sale of unencumbered property will supplement cash
available to make payments to secured and unsecured creditors.

The Disclosure Statement is available at:

          http://bankrupt.com/misc/txwb16-51583-64.pdf

                  About Franzen International

Franzen International, LLC, based in New Braunfels, Texas, was
formed in June 2007.  At its inception, the Debtor was a site work,
excavation, utility and land development contractor focused on
commercial property development.  As oil and gas exploration
exploded in the Eagle Ford Shale, Franzen expanded to service the
burgeoning market for oil field site work.  By 2011, fifty percent
of Franzen's billings were for oil field site work.

The Debtor filed a Chapter 11 petition (Bankr. W.D. Tex. Case No.
16-51583) on July 13, 2016.  The Hon. Craig A. Gargotta presides
over the case.  Raymond W. Battaglia, Esq., at Law Offices of Ray
Battaglia, PLLC, as bankruptcy counsel.

In its petition, the Debtor estimated $1 million to $10 million in
both assets and liabilities.  The petition was signed by Travis
Franzen, managing member.


FREEDOM COMMUNICATIONS: Court Extends Plan Filing Through May 28
----------------------------------------------------------------
Judge Mark S. Wallace has extended Freedom Communications, Inc., et
al.'s exclusive plan filing period through May 28, 2017, and their
exclusive plan solicitation period through July 27, 2017.

The Debtors originally asked for a June 25 extension of the plan
filing period.

As previously reported by The Troubled Company Reporter, the
Debtors were able to secure and close the sale of substantially all
of their assets to MediaNews Group, Inc., d/b/a Digital First
Media.  Since the closing of the Sale, the Debtors together with
the Committee, have focused their attention on negotiating and
formulating a joint chapter 11 plan of liquidation pursuant to
which, among other things, the proceeds of the Sale and the
proceeds of other collections will be distributed.

                  About Freedom Communications

Headquartered in Santa Ana, California, Freedom Communications,
Inc., owned two daily newspapers -- The Press-Enterprise in
Riverside, California and The Orange County Register in Santa Ana,
California.

Freedom Communications and 24 of its affiliates sought Chapter 11
bankruptcy protection in California with the intention of selling
their assets to a group of local investors led by Rich Mirman,
Freedom's chief executive officer and publisher.

Freedom Communications, Inc., et al., filed Chapter 11 bankruptcy
petitions (Bankr. C.D. Cal. Lead Case No. 15-15311) on Nov. 1,
2015.  Richard E. Mirman, the CEO, signed the petition.  Freedom
Communications Holdings estimated assets and liabilities in the
range of $10 million to $50 million.

The Debtors are represented by William N. Lobel, Esq., Alan J.
Friedman, Esq., Beth E. Gaschen, Esq., and Christopher J. Green,
Esq., at Lobel Weiland Golden Friedman LLP.  The Debtors employed
GlassRatner Advisory & Capital Group LLC as financial advisor and
consultant; and Donlin, Recano & Company, Inc., as the noticing,
claims and balloting/solicitation agent.  FTI Consulting, Inc. was
tapped to review Pension Benefit Guaranty Corporation (PBGC)
Claims.

The Official Committee of Unsecured Creditors is represented in the
case by Robert J. Feinstein, Esq. and Jeffrey W. Dulberg, Esq., at
Pachulski Stang Ziehl & Jones LLP.


FYNDERS INC: Has Interim Authorization to Use Cash Collateral
-------------------------------------------------------------
Judge Christopher J. Panos of the U.S. Bankruptcy Court for the
District of Massachusetts authorized Fynders, Inc., to use the cash
collateral on an interim basis.

Rockland Trust Company, the Internal Revenue Service and the
Massachusetts Department of Revenue and the Massachusetts DUA claim
security interests on the Debtor's prepetition assets,  ncluding
any cash receipts, proceeds of prepetition accounts receivable,
inventory and cash on hand.

Rockland Trust Company, the SBA, the IRS, the Massachusetts DOR and
the Massachusetts DUA were granted a continuing replacement lien
and security interest in all assets of the Debtor in which each of
them possessed a security interest or other lien as of the Petition
Date, which lien is not avoidable.  Such replacement lien and
security interest will have the same validity, extent, and priority
that they would have had in the absence of the bankruptcy filing,
to secure any diminution in value of their collateral as a result
of the use of cash collateral.

The Debtor is authorized to use cash collateral to pay any amounts
reflected in the approved Budget to the extent necessary to avoid
immediate and irreparable harm to its estate.  The approved Budget
for week ending March 10 to March 31, 2017 reflects total operating
expenses of approximately $144,347.

The Debtor is also directed submit a revised 3-month budget and
proposed order to the Court by March 21, 2017.

The hearing to consider final approval of use of collateral and
adequate protection has been scheduled for March 27, 2017 at 1:00
p.m.  Any objections to the further use of cash collateral will be
due by March 24, 2017.

A full-text copy of the Order, dated March 9, 2017, is available at
https://is.gd/UO49wE

                            About Fynders, Inc.

Fynders, Inc., runs restaurant located in West Boylston,
Massachusetts operating under the name Finders Pub.  Finders is
located next door to its affiliated restaurant, Keepers, Inc.,
which does business as Keepers Pub.

Fynders, Inc., filed a Chapter 11 petition (Bankr. D. Mass. Case
No. 17-40400), on March 7, 2017.  The petition was signed by
Kathleen McCormick, president. The case is assigned to Judge
Christopher J. Panos.  The Debtor is represented by David B.
Madoff, Esq. at Madoff & Khoury LLP.  At the time of filing, the
Debtor had $139,750 in total assets and $2.21 million in total
liabilities.

Keepers has also filed a Chapter 11 petition concurrently with
Fynders, Inc.

Previously, on June 23, 2010, the Debtors filed jointly
administered petitions under Chapter 11 of the Bankruptcy Code, In
re Fynders, Inc., 10-43170 and In re Keepers, Inc., 10-43171.  The
Court confirmed the Debtors' Combined Plan of Reorganization and
Disclosure Statement on December 21, 2010.

Although the Debtors were successful in completing their plan
payments to the IRS and DOR, additional financial difficulties led
to the creation of substantial new tax debt, as well as an
inability to stay current with their vendors which led to the
current bankruptcy filing. Keepers was temporarily closed, in order
to complete additional renovations that will enable it to increase
sales. Keepers anticipates reopening in mid-April.

No creditors' committee has yet been appointed in the Debtor's
case.


GASTAR EXPLORATION: S&P Affirms Then Withdraws 'CCC-' CCR
---------------------------------------------------------
S&P Global Ratings affirmed its 'CCC-' corporate credit rating,
with a negative outlook, on U.S.-based oil and gas exploration and
production company Gastar Exploration Inc.

At the same time, S&P affirmed the 'CC' issue-level rating and '5'
recovery rating on the company's senior secured debt.  The '5'
recovery rating on this debt indicates modest (10%-30%; rounded
estimate: 25%) recovery in the event of default.  S&P expects the
outstanding debt to be called for redemption on March 24, 2017,
which is in advance of the May 2018 maturity.

Subsequently, S&P withdrew all its ratings on Gastar at the
issuer's request.


GATES GLOBAL: Moody's Revises Outlook to Stable & Affirms B3 CFR
----------------------------------------------------------------
Moody's Investors Service changed the ratings outlook of Gates
Global LLC to stable from negative and affirmed its Corporate
Family Rating (CFR) at B3, Probability of Default Rating (PDR) at
B3-PD and existing senior unsecured debt rating at Caa2. At the
same time, Moody's assigned a Caa2 rating to Gates' new senior
unsecured notes due 2022 and a B2 rating to its senior secured bank
facilities in light of a proposed $150 million tack-on to the
senior unsecured bonds and contemplated Euro 285 million ($300
million) incremental term loan, the proceeds of which will be used
to reduce the existing USD secured term facility. The refinancing
is expected to be about debt neutral. As part of the transaction,
the maturities on the rated senior secured facilities are expected
to be extended. The B2 rating on the existing senior secured debt
is unaffected at this time and will be withdrawn upon completion of
the transaction.

RATINGS RATIONALE

Gates' financial leverage is expected to be elevated, in the high 6
times range (after Moody's standard adjustments), and its core
products are exposed to cyclical end markets. Moody's anticipates
that challenging demand conditions in Gates' primary industrial end
markets (agriculture, infrastructure and oil & gas and mining) and
foreign exchange headwinds will continue to pressure revenue and
profitability at least through 2017. About 56% of Gates revenue is
derived from the auto markets. Although Moody's believes the auto
sector is plateauing, much of the business is generated in the
aftermarket and the strength of Gates' automotive business should
help offset difficult demand conditions affecting its industrial
end markets. The company's good liquidity profile provided by
significant cash balances and undrawn external financing
facilities, as well as its scale and competitive position across
diverse end markets and regions, lend support to the B3 CFR.

The change in outlook to stable reflects Moody's expectation that
continued progress in executing on cost cutting and restructuring
actions should support growth in operating profit, with an
operating margin approaching 12% over the coming year, and lead to
a modest improvement in credit metrics including leverage, albeit
still weak for the rating category. Successful execution of cost
reduction initiatives amidst anticipated top line pressures is key
to positive forward operating performance and de-leveraging over
the intermediate term.

The B2 rating on the senior secured facilities reflects their
priority of payout behind Gates' asset based revolver, which has a
first lien claim on such assets as accounts receivables and
inventory to which the rated facilities have a second lien claim.
The Caa2 rating on the senior unsecured notes reflects the expected
loss for this class of debt in the capital structure due to its
junior position behind the larger amount of senior secured debt.

In consideration of continued challenging industrial end market
demand and uncertainty as to the timing of a meaningful recovery,
as well as the company's elevated leverage profile, an upgrade is
unlikely in the near-term. However, upward ratings momentum could
occur with continued improvements in operating performance and
sustained robust free cash flow generation, such that
EBITA/interest approaches 3 times and Debt to EBITDA is about 6
times or lower.

The ratings could be downgraded with weakness in operating
performance and the absence of offsetting restructuring actions to
lower leverage from the current level and/or resulting in debt to
EBITDA sustained above 7 times or EBITA to interest approaching the
low 1 times range. A substantial deterioration in margins or the
company's liquidity position would also pressure the ratings.
Shareholder-friendly actions that compromise debt-holder interests
could also lead to a downgrade.

The following summarizes rating action:

Assignments:

New senior unsecured notes due 2022, at Caa2 (LGD 5);

Senior secured revolving credit facility due 2022, at B2 (LGD 3);

Senior secured term loans due 2024, at B2 (LGD 3).

Affirmations:

Corporate Family Rating, at B3;

Probability of Default Rating, at B3-PD;

Senior unsecured notes due 2022, at Caa2 (LGD 5).

Unaffected (to be withdrawn upon completion of the transaction):

Senior secured revolving credit facility due 2019, of B2 (LGD 3);

Senior secured term loans due 2021, of B2 (LGD 3).

Outlook actions:

The ratings outlook was changed to stable from negative.

The principal methodology used in these ratings was Global
Manufacturing Companies published in July 2014.

Gates Global LLC, located in Denver, Colorado, is a leading global
manufacturer of power transmission belts and fluid power products
that are highly engineered and critical components used in diverse
industrial and automotive applications, with aftermarket revenue
representing approximately 60% of sales of approximately $2.7
billion as of the last fiscal year ended December 31, 2016. Gates
is a portfolio company of The Blackstone Group L.P.


GATES GLOBAL: S&P Retains 'B+' Rating on 1st Lien Secured Debt
--------------------------------------------------------------
S&P Global Ratings said that all of its issue ratings on
Denver-based power transmission belt manufacturer Gates Global LLC
remain unchanged following the company's announcement of an
incremental term loan and a $150 million add-on bond offering.

Specifically, S&P's 'B+' issue-level rating and '3' recovery rating
on the company's first-lien secured debt remain unchanged. The '3'
recovery rating indicates S&P's expectation for meaningful recovery
(50%-70%; rounded estimate: 55%) for lenders in the event of a
payment default.

Additionally, S&P's 'B' issue-level rating and '5' recovery rating
on Gates Global's senior unsecured notes also remain unchanged. The
'5' recovery rating indicates S&P's expectation for modest recovery
(10%-30%; rounded estimate: 10%) for lenders in the event of a
payment default.

At the same time, S&P assigned its 'B+' issue-level rating and '3'
recovery rating to the company's EUR285 million incremental term
loan.  The '3' recovery rating indicates S&P's expectation for
meaningful recovery (50%-70%; rounded estimate: 55%) for lenders in
the event of a payment default.

Gates is planning to issue $450 million of new capital, which
comprises a $300 million euro-equivalent incremental term loan and
a $150 million add-on to its existing senior unsecured notes.  S&P
expects that the company will use the proceeds from this new
capital to partially repay its existing U.S. dollar-denominated
term loan, which had roughly $2.4 billion outstanding as of
Dec. 31, 2016.  The transaction also contemplates the extension of
the maturity dates on both of Gates' first-lien term loans to March
2024 from July 2021, a three year extension of the maturity date on
its existing asset-based lending (ABL) facility (unrated) to July
3, 2022, and the repricing of its euro-denominated term loan.

S&P expects that this transaction will be leverage neutral for
Gates.  S&P anticipates that the company will continue to sustain
its competitive advantages, generate a free operating cash flow
(FOCF)-to-debt ratio of over 5%, and reduce its leverage toward
6.5x in the next 12 months, which is consistent with S&P's
expectations for the current rating.  Although Gates' leverage
remains somewhat higher than S&P had forecast in its prior
base-case scenario because of softness in its industrial end
markets, the stable outlook incorporates the company's steady FOCF
prospects, its highly variable cost structure, and the potential
benefits from its ongoing cost-reduction initiatives.

                         RECOVERY ANALYSIS

Key analytical factors

   -- S&P valued the company on a going concern basis using a 5.5x

      multiple of S&P's projected emergence EBITDA.

   -- The senior secured bank debt has a second-lien on the ABL
      revolver's assets and perfected first-liens on most of the
      remaining domestic assets.

   -- The recovery analysis is dependent on the domestic
      operations of Gates, but S&P notes that a majority of the
      nonguarantors that are 100%-owned also provide 100% pledges
      of their shares under the credit agreement and ABL revolver.

Simulated default assumptions

   -- Simulated year of default: 2021
   -- EBITDA at emergence: $351 million
   -- EBITDA multiple: 5.5x

Simplified waterfall

   -- Net enterprise value: $1.836 billion
   -- Valuation split (obligors/nonobligors): 85%/15%
   -- Priority claims: $165 million
   -- Value available to senior secured debt
      (collateral/noncollateral): $1.373 billion/$275 million
   -- Senior secured debt claims: $2.549 billion
      -- Recovery expectations: 50%-70% (rounded estimate: 55%)
   -- Total unpledged enterprise value: $275 million
   -- Senior unsecured debt: $1.479 billion
   -- Other pari passu unsecured claims: $1.175 billion
      -- Recovery expectations: 10%-30% (rounded estimate: 10%)

Note: All debt amounts include six months of prepetition interest.
Collateral value equals asset pledge from obligors after priority
claims plus equity pledge from nonobligors after nonobligor debt.

RATINGS LIST

Gates Global LLC
Corporate Credit Rating             B+/Stable/--

New Ratings

Gates Global LLC
EUR285M Incremental Term Loan         B+
  Recovery Rating                    3(55%)

Ratings Unchanged

Gates Global LLC
First-Lien Secured Debt             B+
  Recovery Rating                    3(55%)
Senior Unsecured Notes              B
  Recovery Rating                    5(10%)


GATOR EQUIPMENT: Unsecureds to Recoup 100% Over 19 Quarters
-----------------------------------------------------------
Gator Equipment Rentals of Iberia, LLC, et al., filed with the U.S.
Bankruptcy Court for the Western District of Louisiana a disclosure
statement dated March 6, 2017, in support of the Debtors' joint
Chapter 11 plan of reorganization.

The Debtors estimate the aggregate amount of all Allowed General
Unsecured Claims against all Debtors is approximately $1,188,900.

Holders of General Unsecured Claims in Iberia Class 2, Fourchon
Class 1, and Crane Class 3 will receive 100% of their allowed
claims.  Each holder of Allowed Claims in Iberia Class 2, Fourchon
Class 1, and Crane Class 3 will be paid in equal quarterly
installments beginning on the fifteenth (15th) day of the calendar
quarter after the Gator Class 1 Claim of Regions Bank has been paid
in full and continuing on the 15th of each succeeding calendar
quarter thereafter for 19 calendar quarters until the holder has
received an amount equal to 100% of the claim.  The Debtors
estimate that the aggregate amount of Allowed Iberia Class 2,
Fourchon Class 1, and Crane Class 3 Claims is $309,917.66.

Property of the Estates, together with any property of Debtors that
is not Property of the Estates and that is not specifically
disposed of pursuant to the Plan, will revest in Debtors on the
Confirmation Date.  All property will become property of
Reorganized Debtors on the Effective Date, free and clear of any
and all liens, claims and interests except as provided under the
Plan.  Effective on the Confirmation Date, Debtors, and, after the
Effective Date, Reorganized Debtors, may operate their businesses
and may use, acquire, and dispose of property free of any
restrictions of the Bankruptcy Code, the Bankruptcy Rules, and the
Bankruptcy Court.

Funds needed to make cash payments on the Effective Date under the
Plan will come from the cash on hand.

The Disclosure Statement is available at:

           http://bankrupt.com/misc/lawb16-51667-229.pdf

              About Gator Equipment Rentals of Iberia

Gator Equipment Rentals of Iberia, LLC, Gator Equipment Rental of
Fourchon, LLC, Gator Crane Services, LLC, and Gator Equipment
Rentals, LLC, are engaged in the equipment rental business.  Most
of the equipment rented is used in the construction and oil and gas
industries.

The Debtors filed Chapter 11 petitions (Bankr. W.D. La. Lead Case
Nos. 16-51667) on Dec. 5, 2016.  Judge Robert Summerhays oversees
the Debtors' cases.  The Debtors are represented by Paul Douglas
Stewart, Jr., Esq., Brandon A. Brown, Esq., and Ryan J. Richmond,
Esq., at Stewart Robbins & Brown LLC.  They also have employed
BlackBriar Advisors, LLC to provide a chief restructuring officer;
and Gordon Brothers Asset Advisors, LLC as equipment appraisers.

Gator Equipment Rentals of Iberia and Gator Equipment Rentals of
Fourchon each listed under $50,000 in assets and between $1 million
and $10 million in liabilities.  Gator Crane Service, and Gator
Equipment Rentals listed between $1 million and $10 million in both
assets and liabilities.


GEI HOLDINGS: Taps Weichert Realtors to Sell Huntington Property
----------------------------------------------------------------
GEI Holdings, LLC seeks approval from the U.S. Bankruptcy Court for
the District of New Jersey to hire a realtor.

The Debtor proposes to hire Weichert Realtors to assist in the sale
of its property located at 140-142 Huntington Terrace, Newark, New
Jersey.  The firm will get a 3% commission on sales price of
$295,000.

Nicole Maxis-Pierre, a real estate broker employed with Weichert
Realtors, disclosed in a court filing that her firm does not hold
or represent any interest adverse to the Debtor's bankruptcy
estate, and that it is a "disinterested person" as defined in
section 101(14) of the Bankruptcy Code.

The firm can be reached through:

     Nicole Maxis-Pierre
     Weichert Realtors
     460 Prospect Avenue
     West Orange, NJ 07052
     Phone: (973) 731-6064
     Fax: (973) 731-9837

                        About GEI Holdings

GEI Holdings, LLC, sought Chapter 11 protection (Bankr. D.N.J. Case
No. 16-24991) on Aug. 4, 2016, disclosing under $1 million in both
assets and liabilities.  The Debtor is represented by Robert B.
Davis of Davis Law Center, LLC.  No official committee of unsecured
creditors has been appointed in the case.


GIOVANNI TRANSPORT: Hires Burgess as Bankruptcy Attorney
--------------------------------------------------------
Giovanni Transport, LLC, seeks authority from the U.S. Bankruptcy
Court for the Middle District of Florida to employ The Law Offices
of Jason A. Burgess, LLC as attorney to the Debtor.

Giovanni Transport requires Burgess to:

   a. give advice to the Debtor with respect to its powers and
      duties as debtor-in-possession and the continued management
      of its business;

   b. advise the Debtor with respect to its responsibilities in
      complying with the U.S. Trustee's Operating Guidelines and
      Reporting Requirements and with the Local Rules of the
      Court;

   c. prepare motions, pleadings, orders, applications,
      disclosure statements, plans of reorganization, commence
      adversary proceedings, and prepare other such legal
      documents necessary in the administration of this case;

   d. protect the interest of the Debtor in all matters pending
      before the Court; and

   e. represent the Debtor in negotiations with their creditors
      and in preparation of the disclosure statement and plan of
      reorganization.

Burgess will be paid at these hourly rates:

     Attorney                  $295
     Paralegal                 $75

Burgess will be paid a retainer in the amount of $6,717, inclusive
of the $1,717 filing fee.

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

Jason A. Burgess, partner of The Law Offices of Jason A. Burgess,
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.

Burgess can be reached at:

     Jason A. Burgess, Esq.
     THE LAW OFFICES OF JASON A. BURGESS, LLC
     1855 Mayport Road
     Atlantic Beach, FL 32233
     Tel: (904) 372-4791

                    About Giovanni Transport, LLC

Giovanni Transport, LLC, filed a Chapter 11 bankruptcy petition
(Bankr. M.D. Fla. Case No. 17-00780) on March 9, 2017, disclosing
under $1 million in both assets and liabilities. The Debtor is
represented by Jason A. Burgess, Esq., at The Law Offices of Jason
A. Burgess, LLC.


GROW CONDOS: Hires L J Soldinger as New Accountants
---------------------------------------------------
Grow Condos, Inc. engaged L J Soldinger Associates LLC as the
Company's new independent registered public accounting firm on
March 9, 2017.  The engagement was approved by the Audit Committee.
During the fiscal years ended June 30, 2016, and 2015 and through
March 14, 2017, neither the Company nor anyone acting on its behalf
consulted Soldinger with respect to (i) the application of
accounting principles to a specified transaction, either completed
or proposed, nor the type of audit opinion that might be rendered
on the Company's financial statements, and neither a written report
was provided to the Company nor oral advice provided that Soldinger
concluded was an important factor considered by the Company in
reaching a decision as to any accounting, auditing or financial
reporting issue; or (ii) any matter that was the subject of a
disagreement or a "reportable event" as described in Items
304(a)(1)(iv) and (v), respectively, of Regulation S-K.

On Dec. 23, 2016, the Company filed an 8-K/A which stated it was
advised by the staff of the Securities and Exchange Commission that
on Dec. 20, 2016 the Public Company Accounting Oversight Board
issued Release No. 105-2016-054 wherein it barred Scrudato from
acting as independent auditor for public companies.  Because Mr.
Scrudato had his registration revoked by his regulator, there will
be no attachment to this Form 8-K reflecting his opinion on this
matter.  In addition, the Company's June 30, 2016, year-end
financial statements will be re-audited by Soldinger and presented
together with the upcoming audit for the year ended June 30, 2017,
when the Company files its next Form 10-K.  Should Soldinger come
to the conclusion that the results of that period require
adjustment, the Company will also amend and update its previously
issued Form 10-Q's subsequent to the year ended June 30, 2016.  At
this time, the Company does not believe that any re-statement will
be likely to occur.

                        About Grow Condos

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

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

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

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


GULFMARK OFFSHORE: S&P Cuts CCR to 'D' on Missed Interest Payment
-----------------------------------------------------------------
S&P Global Ratings lowered its corporate credit rating on
U.S.-based offshore service provider GulfMark Offshore Inc. to 'D'
from 'CCC-'.

At the same time, S&P lowered its issue-level rating on the
company's senior unsecured debt to 'D' from 'CCC'.  The recovery
rating is '2', indicating S&P's expectation of substantial
(70%-90%; rounded estimate: 85%) recovery in the event of a payment
default.

"Gulfmark has entered into a 30-day-grace period to make the
March 15 interest payment on its 6.375% senior unsecured notes due
2022," said S&P Global Ratings credit analyst Kevin Kwok.  "The 'D'
corporate credit and issue-level ratings reflect our expectation
that company will not make the interest payment within the
30-day-grace period, and will instead seek a debt restructuring,"
he added.

The company also announced that it has retained Evercore Group
L.L.C. and Alvarez & Marsal North America LLC, as financial
advisors, and Weil, Gotshal & Manges LLP, as legal advisors, to
assist it in reviewing financial and strategic alternatives for
addressing liquidity needs, including obtaining additional capital
and/or a financial restructuring.


GYMBOREE CORP: Names Mark Weikel Interim Chief Executive Officer
----------------------------------------------------------------
Mark Breitbard announced his resignation as a director and chief
executive officer of The Gymboree Corporation, effective April 3,
2017, in order to pursue other opportunities.  Pursuant to his
amended and restated employment agreement, which was entered into
in connection with his previously announced transition, Mr.
Breitbard will receive his accrued but unpaid compensation upon his
termination of employment.

On March 14, 2017, the Company appointed Mark Weikel as its interim
chief executive officer, effective April 3, 2017.  Mr. Weikel
currently serves on the board of directors of the Company and its
parent, Giraffe Holding, Inc.  Mr. Weikel is 61 years old.

Mr. Weikel has been a director on the Company's board of directors
and the board of directors of Giraffe Holding, Inc. since November
2014, and will continue in those roles while serving as the
Company's interim chief executive officer.  Mr. Weikel has served
as a senior business advisor at Luxottica Group SpA from April 2014
to December 2014.  Mr. Weikel was president and chief executive
officer of Retail Optical North America at Luxottica Group SpA from
January 2013 to March 2014.  Mr. Weikel served as president and
general manager of Lenscrafters at Luxottica Group SpA from January
2011 until January 2013.  Mr. Weikel provided oversight and
leadership to the finance, planning and allocation, business
planning and operations, sourcing and production, human resources,
brand marketing, visual merchandising, product/merchandising and
stores functions in his roles at Luxottica Group SpA.  Mr. Weikel
has been a member of the Board of Directors of The Magic House
since 2016.  Mr. Weikel has been a member of the board of directors
of Tractor Supply Company since February 2014, and serves on its
compensation committee and audit committee.  Mr. Weikel has also
served on the board of OneSight, a non-profit organization, since
2011.  Prior to that time, Mr. Weikel also served as the chief
operating officer of Lord & Taylor, the president and chief
operating officer of Victoria's Secret Stores, and in several
positions within the May Department Stores, include as the Chairman
for Foley's Department Stores.

In connection with his service on the Company's board of directors,
the Company previously entered into an indemnification agreement
with Mr. Weikel, which would require the Company to indemnify him
against certain liabilities that may arise in connection with his
status or service as a director.  This agreement will also apply to
him with respect to his service as an officer of the Company.  The
indemnification agreement also would provide for an advancement of
expenses incurred by Mr. Weikel in connection with any proceeding
relating to his status as a director or officer.

The initial term of his employment may be extended in one month
increments on the same terms.  Mr. Weikel will be paid $100,000 per
month as full compensation for his duties during the employment
period.  Mr. Weikel will also be entitled to reimbursement for all
reasonable business expenses, including travel and lodging expenses
incurred in connection with his duties during the employment
period.

Either party may terminate Mr. Weikel's employment upon five
business days' notice.  No compensation will be payable to Mr.
Weikel upon any termination of his employment, other than
compensation that is accrued but unpaid as of the termination
date.

                 About The Gymboree Corporation

San Francisco-based The Gymboree Corporation's specialty retail
brands offer unique, high-quality products delivered with
personalized customer service.  As of Oct. 29, 2016, the Company
operated a total of 1,300 retail stores: 591 Gymboree stores (541
in the United States, 49 in Canada and 1 in Puerto Rico), 174
Gymboree Outlet stores (173 in the United States and 1 in Puerto
Rico), 150 Janie and Jack shops (149 in the United States and 1 in
Puerto Rico), and 385 Crazy 8 stores in the United States.  The
Company also operates online stores at http://www.gymboree.com/,
http://www.janieandjack.com/and http://www.crazy8.com/  

The Company was taken private by Bain Capital in 2010 in a deal
valued at about $1.8 billion.

Gymboree reported a net loss attributable to the Company of $10.17
million for the year ended Jan. 30, 2016, a net loss attributable
to the Company of $574.10 million for the year ended Jan. 31, 2015,
and a net loss attributable to the Company of $203.02 million for
the year ended Feb. 1, 2014.

As of Jan. 28, 2017, Gymboree had $755.49 million in total assets,
$1.36 billion in total liabilities and a total deficit of $609.14
million.

                             *     *     *

In January 2017, S&P Global Ratings lowered its corporate credit
rating on The Gymboree Corp. to 'CC' from 'CCC+'.  The outlook is
negative.  "The downgrade reflects significant near-term
refinancing requirements, limited liquidity, and continuing weak
operating performance.  We expect further profitability erosion in
the upcoming quarters and we believe the company could announce a
distressed debt restructuring transaction over the next two
quarters," said credit analyst Samantha Stone.

As reported by the TCR on Nov. 7, 2016, Moody's Investors Service
downgraded The Gymboree Corporation's Corporate Family Rating to
Caa3 from Caa1 and Probability of Default Rating to Caa3-PD from
Caa1-PD.  The downgrade of the Corporate Family Rating to Caa3
reflects Gymboree's weak operating performance and deteriorating
liquidity.  Net sales and EBITDA fell 4% and 49%, respectively, in
the quarter ended July 30, 2016 due to weak customer traffic and
margin pressure from inventory clearance activity.


GYMBOREE CORP: Reports Second Quarter Net Loss of $324.9 Million
----------------------------------------------------------------
The Gymboree Corporation reported consolidated financial results
for the second fiscal quarter ended Jan. 28, 2017.  The results are
from continuing operations of the Company and exclude the
discontinued operations of the divested Gymboree Play & Music
business, which was sold on July 15, 2016.  As a result of the
change in the Company's fiscal year end from the Saturday closest
to the end of January to the Saturday closest to the end of July,
results for the second quarter of fiscal 2017 ended Jan. 28, 2017,
are comparable to results for the fourth quarter of fiscal 2015
ended Jan. 30, 2016.

Gymboree recognized a net loss of $324.93 million on $356.83
million of total net sales for the 13 weeks ended Jan. 28, 2017,
compared to net income of $48.76 million on $381.40 million of
total net sales for the 13 weeks ended Jan. 30, 2016.

For the 26 weeks ended Jan. 28, 2017, Gymboree reported a net loss
of $335.82 million on $636.66 million of total net sales compared
to net income of $39.11 million on $676.92 million of total net
sales for the 26 weeks ended Jan. 30, 2016.

As of Jan. 28, 2017, Gymboree had $755.49 million in total assets,
$1.36 billion in total liabilities and a total deficit of $609.14
million.

As of Jan. 28, 2017, the Company had $1.0 billion aggregate
principal amount of indebtedness that will mature over the next 12
to 22 months, approximately $871.9 million of which is due within
12 months from March 14, 2017.

                      Going Concern Uncertainty

The Company had a loss from continuing operations of $324.9 million
and $335.8 million during the 13 weeks and 26 weeks ended Jan. 28,
2017, respectively.  Accumulated deficit increased to $1.1 billion
as of Jan. 28, 2017.  The Company's net cash used in operating
activities was $23.1 million during the 26 weeks ended Jan. 28,
2017.  As of Jan. 28, 2017, cash and cash equivalents was $22.1
million and restricted cash was $73.0 million.

As of Jan. 28, 2017, the Company had the following indebtedness
totaling $1.043 billion in principal amounts outstanding, of which
$871.9 million is due within 12 months from March 14, 2017 (the
date of filing this Form 10-Q):

Current liabilities

     * $54.0 million of borrowings from ABL line of credit
       facility, due in December 2017

     * $48.8 million of ABL Term loan, due in December 2017
     
     * $6.5 million of Term loan, due in March, June, September,
       and December 2017

Long-term liabilities

    * $762.6 million of Term loan, due in February 2018

    * $171.0 million of Senior Notes, due in December 2018

Cash and cash equivalents and forecasted cash flows from operations
are not sufficient to meet such obligations that will mature over
the next 12 months from March 14, 2017.  In addition, future
borrowings may not be available or may not be sufficient to enable
the Company to pay its indebtedness or to fund its working capital
needs over the next 12 months.

The Company must refinance all or a portion of its indebtedness in
order to sustain its liquidity requirements.  If the Company is
unable to refinance its indebtedness, or obtain funds necessary to
meet required repayments of its indebtedness, or if it otherwise
fails to comply with the various covenants in the instruments
governing its indebtedness, the Company would be in default under
the terms of the agreements governing such indebtedness.  In
addition, if the Company's independent registered public accounting
firm includes a qualification or exception regarding the Company's
ability to continue as a going concern in its audit report and
opinion regarding the Company's annual consolidated financial
statements, an event of default would be triggered.

As a result, the Company is in discussions with a number of lenders
and bondholders to attempt to comprehensively restructure or
refinance its outstanding debt obligations.  While the Company has
retained advisors to assist it with this process, no agreements
with lenders and bondholders have been made and such discussions
may not lead to a transaction.

                      Discontinued Operations

On July 15, 2016, the Company closed a transaction to sell all of
the equity and certain intellectual property attributable to
Gymboree Play Programs, Inc., the Company's global Play & Music
business, to Zeavion Holding Pte. Ltd.  Upon closing, the Company
received consideration of $128.1 million, approximately $109.9
million of which was restricted under the Term Loan to (i) reduce
the Term Loan; or (ii) fund the acquisition, maintenance,
development, construction, improvement, upgrade or repair of assets
deemed to be useful in the business; or (iii) pay income taxes
associated with the gain on the sale of GPPI. During the 26 weeks
ended Jan. 28, 2017, the Company used $34.0 million of restricted
cash to fund allowable expenditures under the Term Loan and pay
income taxes associated with the gain on sale of GPPI.  As of Jan.
28, 2017, the remaining balance of the restricted cash attributable
to the sale of GPPI was $73 million.

Concurrent with the July 15, 2016, sale of GPPI, our VIEs, Gymboree
Tianjin (master franchisee of Gymboree Play & Music in China) and
Gymboree China (operator of Gymboree retail stores in China),
indirectly controlled by Gymboree Holding, Ltd. and investment
funds sponsored by Bain Capital, were also sold to Zeavion.

Gymboree Play & Music was previously reported under the Gymboree
Play & Music reportable segment while Gymboree Tianjin and Gymboree
China were previously reported under the VIE reportable segment in
our segment footnote disclosure.

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

                       https://is.gd/kQEqGJ

                  About The Gymboree Corporation

San Francisco-based The Gymboree Corporation's specialty retail
brands offer unique, high-quality products delivered with
personalized customer service.  As of Oct. 29, 2016, the Company
operated a total of 1,300 retail stores: 591 Gymboree stores (541
in the United States, 49 in Canada and 1 in Puerto Rico), 174
Gymboree Outlet stores (173 in the United States and 1 in Puerto
Rico), 150 Janie and Jack shops (149 in the United States and 1 in
Puerto Rico), and 385 Crazy 8 stores in the United States.  The
Company also operates online stores at http://www.gymboree.com/,
http://www.janieandjack.com/and http://www.crazy8.com/  

The Company was taken private by Bain Capital in 2010 in a deal
valued at about $1.8 billion.

Gymboree reported a net loss attributable to the Company of $10.17
million for the year ended Jan. 30, 2016, a net loss attributable
to the Company of $574.10 million for the year ended Jan. 31, 2015,
and a net loss attributable to the Company of $203.02 million for
the year ended Feb. 1, 2014.

                             *     *     *

In January 2017, S&P Global Ratings lowered its corporate credit
rating on The Gymboree Corp. to 'CC' from 'CCC+'.  The outlook is
negative.  "The downgrade reflects significant near-term
refinancing requirements, limited liquidity, and continuing weak
operating performance.  We expect further profitability erosion in
the upcoming quarters and we believe the company could announce a
distressed debt restructuring transaction over the next two
quarters," said credit analyst Samantha Stone.

As reported by the TCR on Nov. 7, 2016, Moody's Investors Service
downgraded The Gymboree Corporation's Corporate Family Rating to
Caa3 from Caa1 and Probability of Default Rating to Caa3-PD from
Caa1-PD.  The downgrade of the Corporate Family Rating to Caa3
reflects Gymboree's weak operating performance and deteriorating
liquidity.  Net sales and EBITDA fell 4% and 49%, respectively, in
the quarter ended July 30, 2016 due to weak customer traffic and
margin pressure from inventory clearance activity.


HANCOCK FABRICS: Can Solicit Plan Acceptances Through May 12
------------------------------------------------------------
The Honorable Brendan Shannon granted Hancock Fabrics, Inc., et
al.'s request to extend the Debtors' exclusive plan solicitation
period through May 12, 2017.

As previously reported by The Troubled Company Reporter, since the
filing of their Joint Chapter 11 Plan of Liquidation and Disclosure
Statement on December 2, 2016, the Debtors and their advisors have
been in discussions with the Unsecured Creditors Committee's
advisors regarding certain aspects of the
Plan. The Parties anticipate continuing and completing these
discussions in the near term.

The Debtors maintained that the extension of the Exclusive
Solicitation Period will provide them the time needed to
work with the Creditors' Committee regarding certain Plan
provisions, finalize amended versions of the Plan and Disclosure
Statement and facilitate the means to expeditiously and
consensually conclude these chapter 11 cases.

                     About Hancock Fabrics

Hancock Fabrics, Inc., is a specialty fabric retailer operating
stores under the name "Hancock Fabrics".  Hancock has 4,500
full-time and part time employees.  The Baldwyn, Mississippi-based
company is one of the largest fabric retailers in the United
States, operating 260 stores in 37 states as of October 31, 2015
and an internet store under the domain name
http://www.hancockfabrics.com/        

Hancock Fabrics, Inc. and six of its affiliates, retailer of
fabric, sewing and accessories, filed Chapter 11 bankruptcy
petitions (Bankr. D. Del. Case Nos. 16-10296 to 16-10302) on Feb.
2, 2016.  Dennis Lyons, the senior vice president and chief
administrative officer, signed the petitions.  Judge Brendan
Linehan Shannon is assigned to the jointly administered cases.

The Debtors have engaged O'Melveny & Myers LLP as general counsel,
Richards, Layton & Finger, P.A., as local counsel, Clear Thinking
Group LLC as financial advisor, Retail Consulting Services, Inc.
d/b/a Real Estate Advisors as real estate advisors and Kurtzman
Carson Consultants, LLC as claims and noticing agent.

The Debtors disclosed total assets of $151.4 million and total
debts of $182.1 million.  The Debtors owe its trade vendors
approximately $21.2 million as of Jan. 31, 2016.

Lawyers at Klehr Harrison Harvey Branzburg LLP and Hahn & Hessen
LLP serve as counsel to the Official Committee of Unsecured
Creditors.


HAYDEL PROPERTIES: Disclosures OK'd; Plan Hearing on May 4
----------------------------------------------------------
The Hon. Katharine M. Samson of the U.S. Bankruptcy Court for the
Southern District of Mississippi has approved Haydel Properties,
LP's disclosure statement filed on Dec. 20, 2016, referring to the
Debtor's plan of reorganization filed on Dec. 20, 2016.

A hearing on confirmation of the Plan will be held on May 4, 2017,
at 1:30 p.m.

Objections to the confirmation of the Plan must be filed by April
20, 2017.

Ballots of acceptance or rejection of the Plan must be submitted by
April 27, 2017.

                  About Haydel Properties, LP

Haydel Properties, LP, based in Gulfport, Miss., filed a Chapter 11
petition (Bankr. S.D. Miss. Case No. 16-51259) on July 27, 2016.
The Hon. Katharine M. Samson presides over the case.  William J.
Little, Jr., Esq., at Lentz & Little, P.A., serves as bankruptcy
counsel.

In its petition, the Debtor estimated $1 million to $10 million in
both assets and liabilities.  The petition was signed by Michael D.
Haydel, manager of general partner.


HHGREGG INC: Terminates Acquisition Term Sheet with Third Party
---------------------------------------------------------------
hhgregg, Inc. on March 16, 2017, disclosed that it has terminated
its previously announced nonbinding term sheet with an anonymous
party to purchase substantially all of the assets of the Company
through a reorganization under Chapter 11 of the United States
Bankruptcy Code because the Company was unable to reach a
definitive agreement on terms.  As previously announced, petitions
were filed in the U.S. Bankruptcy Court for the Southern District
of Indiana (the "Court") on March 6, 2017.

"We have received strong interest from third parties interested in
buying some or all of the Company's assets," said Robert J.
Riesbeck, hhgregg's President and CEO.  "We and our advisors
continue to work with potential acquirors to help them understand
our business model for future growth and our value proposition."

The Company has obtained interim approval of its $80 million
debtor-in-possession loan facility to fund operations of the
business during the sale process.  hhgregg will continue to operate
in the ordinary course of business throughout the restructuring
process.

                        About hhgregg Inc.

Indianapolis, Indiana-based hhgregg, Inc. is an appliance,
electronics and furniture retailer.  Founded in 1955, hhgregg is a
multi-regional retailer currently with 220 stores in 19 states that
also offers market-leading global and local brands at value prices
nationwide via hhgregg.com.

hhgregg Inc., Gregg Appliances Inc. and HHG Distributing LLC sought
protection under Chapter 11 of the Bankruptcy Code (Bankr. S.D.
Ind. Lead Case No. 17-01302) on March 6, 2017.  The petition was
signed by Kevin J. Kovacs, chief financial officer.  

At the time of the filing, hhgregg and HHG Distributing estimated
assets and liabilities of less than $50,000.  Gregg Appliances
estimated its assets and liabilities at $100 million to $500
million.  

The Debtors have retained Morgan, Lewis & Bockius LLP and Ice
Miller LLP as counsel; Berkeley Research Group, LLC as financial
advisor; Stifel and Miller Buckfire & Co. as investment banker and
Donlin, Recano & Company, Inc. as claims and noticing agent.


HUMBLE SURGICAL: Has Interim Nod to Use Cash Collateral
-------------------------------------------------------
The U.S. Bankruptcy Court for the Southern District of Texas has
entered an interim order authorizing Humble Surgical Hospital, LLC,
to use as cash collateral any revenues derived by the Debtor in the
ordinary course of its business and funds that are
identifiable proceeds thereof or which are held in its various bank
accounts upon which Regions Bank, National Association, holds a
lien or security interest or right of setoff until the earlier of
the occurrence of a Termination Event or March 10, 2017.

A copy of the court order is available at:

           http://bankrupt.com/misc/txsb17-31078-54.pdf

On July 10, 2013, HSH entered into a $10 million Renewal Term Note
with Regions Bank.  Holdings, K&S ASC, K&S Management and FM 1960
Properties LLC guaranteed the Regions Note.  As of the Petition
Date, the outstanding balance on the Regions Note is approximately
$1.5 million, plus costs, expenses and attorneys' fees.

On July 10, 2013, the parties executed a Second Amended and
Restated Loan Agreement, whereby the parties agreed to renew HSH's
existing revolving line of credit up to the lesser of $3 million or
the borrowing base, as computed as 31% of eligible
commercial/managed care account receivable.  As of the Petition
Date, the outstanding balance on the Regions RLOC is approximately
$1.9 million, plus costs, expenses and attorneys' fees.

The Regions Loans are secured by a lien on substantially all the
assets of HSH.  Debtors Holdings, K&S Management and K&S ASC are
guarantors of the Regions Loans, along with other non-Debtor
parties.

The Debtors tell the Court that without the use of cash collateral
on an interim basis, the Debtors would suffer immediate and
irreparable harm and would likely be required to cease operations
immediately, causing harm to the Debtors and patients.  This would
also cause the Debtors to forfeit valuable licenses, which are to
be transferred in accordance with applicable law in connection with
asset sales, thereby significantly reducing the expected return
from the contemplated sales.

A copy of the motion and budget is available at:

           http://bankrupt.com/misc/txsb17-31078-8.pdf

As adequate protection for any diminution in the value of cash
collateral and other pre-petition collateral resulting from the
Debtor's use thereof after the Petition Date, Regions Bank will
continue to have a valid, perfected and enforceable continuing
replacement lien and security interest in all assets of the Debtor
existing on or after the Petition Date of the same type as the cash
collateral and other pre-petition collateral, together with the
proceeds, rents, products and profits thereof, whether acquired or
arising before or after the Petition Date, to the same extent,
validity, perfection, enforceability and priority of the liens and
security interests of Regions as of the Petition Date.  The
Rollover Lien will be limited to the amount of any diminution.

As additional adequate protection for any diminution, Regions Bank
will have a valid, perfected and enforceable continuing
supplemental lien and security interest in all of the assets of the
Debtor of any kind or nature whatsoever within the meaning of
Section 541 of the U.S.  Bankruptcy Code, whether acquired or
arising prepetition or postpetition, together with all proceeds,
rents, products and profits thereof, including, without limitation,
causes of action under Chapter 5 of the Bankruptcy Code and
proceeds thereof.  The Supplemental Lien will be limited to the
amount of any Diminution in excess of the value of the Rollover
Lien.

As additional adequate protection for any Diminution, Regions Bank
will have a super-priority administrative expense claim pursuant to
Section 507(b) of the Bankruptcy Code, with recourse to and payable
from any and all assets of the Debtor's estate.

The Court on March 7, 2017, ordered Aetna Life Insurance Company,
Chapter 11 Trustee Robert E. Ogle, and the Debtors  to release
garnished funds for the Debtors' use of cash collateral up to
$420,000, with $325,000 released from BBVA Compass Acct No.
xxx-xxx-9872 and $95,000 from Allegiance Bank Acct No.
xxx-xxx-2521.  Allegiance Bank is directed to transfer $95,000 from
the Debtors' Allegiance Bank Acct No. xxx-xxx-2521 to the Chapter
11 Trustee.

BBVA Compass is directed to transfer $325,000 from the Debtors'
BBVA Compass Acct No. xxx-xxx-9872 to the Chapter 11 Trustee.

The Chapter 11 Trustee is authorized to establish depository
accounts on behalf of the Debtors' estates, as needed.

The garnished amounts released are authorized for use only as
permitted by the interim court order authorizing cash collateral
use, except that the approved budget to the cash collateral court
order is modified to reduce the allowed amount for "Rent" to
$123,961.

Through March 10, 2017, no funds will be transferred from BBVA
Compass Acct No. xxx-xxx-5749; BBVA Compass Acct No. xxx-xxx-2441;
BBVA Compass Acct No. xxx-xxx-2027; BBVA Compass Acct No.
xxx-xxx-1349, absent further court order.  

Through March 10, 2017, Regions Bank consents to the Debtors'
continued use of cash collateral.

A copy of the court order is available at:

            http://bankrupt.com/misc/txsb17-31078-91.pdf

Regions Bank is represented by:

     Richard A. Aguilar, Esq.
     Rudy J. Cerone, Esq.
     MCGLINCHEY STAFFORD, PLLC
     601 Poydras Street, 12th Floor
     New Orleans, LA 70130
     E-mail: raguilar@mcglinchey.com
             rcerone@mcglinchey.com

                 About Humble Surgical Hospital

Headquartered in Houston, Texas, Humble Surgical Hospital, LLC,
operates as a multi-specialty surgical hospital.  It offers
surgical services in the areas of ENT, orthopedics, ophthalmology,
podiatry, plastics, pain management, chiropractics, spine, and
gastroenterology.  The company was founded in 2009 and is based in
Humble, Texas.

Humble Surgical Hospital LLC, Humble Surgical Holdings LLC, K & S
Consulting ASC LP, and K&S Consulting Management LLC filed separate
Chapter 11 bankruptcy petitions (Bankr. S.D. Tex. Case Nos.
17-31078 to 17-31081)on Feb. 24, 2017.  The petitions were signed
by Jeffrey M. Anapolsky, chief restructuring officer.

Humble Surgical Hospital hired Edward L. Rothberg, Esq., at Hoover
Slovacek LLP as legal counsel.

Humble Surgical Hospital estimated its assets at between $10
million and $50 million and its liabilities at between $50 million
and $100 million.  Humble Surgical Holdings estimated its assets at
up to $50,000 and liabilities at between $1 million and $10
million.

Judge David R. Jones presides over the cases.  BVA Group
Restructuring And Advisory LLC is the Debtors' financial advisor.

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


IHEARTCOMMUNICATIONS INC: Fitch Cuts LT Issuer Default Rating to C
------------------------------------------------------------------
Fitch Ratings has downgraded iHeartCommunications, Inc.'s Long-Term
Issuer Default Rating (IDR) to 'C' from 'CC'. Fitch has also
downgraded the senior secured term loans and senior secured
Priority Guarantee Notes (PGNs) to 'C/RR4' from 'CC/RR4' reflecting
their inclusion in the proposed exchange offers. Fitch has also
affirmed the IDRs for Clear Channel Worldwide Holdings, Inc. (CCWW)
and Clear Channel International B.V. (CCIBV) at 'B'.

CCWW and CCIBV are indirect, wholly-owned subsidiaries of Clear
Channel Outdoor Holdings, Inc. (CCOH), iHeart's 89.9% owned outdoor
advertising subsidiary. The Rating Outlook on the outdoor
subsidiaries is Stable.

The downgrades reflects iHeart's announcement on March 15 that the
company has commenced a global restructuring effort targeting
approximately $14.6 billion in debt including all of the
outstanding Term Loans and PGNs as well as the senior notes due
2021. Fitch views the proposed exchange offers as distressed debt
exchanges (DDE) given Fitch belief that the present capital
structure is unsustainable and that the exchange offers are being
conducted largely to avoid bankruptcy. Per its criteria, Fitch
would downgrade the IDR to Restricted Default ('RD') upon the
completion of the exchange offers. The IDR would subsequently be
upgraded reflecting the post DDE credit profile.

Fitch's evaluation of the post-DDE credit profile will be dependent
on the ultimate outcome of the proposed exchange offers which will
vary depending on the lenders and noteholder's participation level
(high, mid, low and term loan only). Notably, if a 'High
Participation Threshold' is met where participation in the exchange
offers were to sufficiently reduce debt and cash interest
obligations and extend maturities, the Board of Directors will
effect a separation of the media and the outdoor business. iHeart
would contribute its 89.9% ownership stake in subsidiary CCOH
(including the 27% held by unrestricted subsidiary Broader Media
LLC) to a newly formed subsidiary CC Outdoor Holdings, Inc. (CCO
Holdings) and subsequently distribute through a pro rata
distribution all of the outstanding shares of CCO Holdings (at
least a 51% economic interest of CCO Holdings to existing iHeart
equity holders including sponsors). The 'High Participation
Scenario' outlined by the Exchange Offers would transfer to the
participating term loan and noteholders a 49% economic interest in
CCO Holdings through the distribution of CCO Holdings Class B
Common Stock. In the event that iHeart conducts a separation of the
media and outdoor businesses, Fitch would also need to evaluate
iHeart's treatment and potential repayment of the its intercompany
revolving promissory note payable by iHeart to CCOH, of which there
was $885.7 million outstanding as of Dec. 31, 2016. The
intercompany note is a senior unsecured obligation of iHeart and is
payable on demand.

Fitch estimates that iHeart could reduce its aggregate debt balance
up to $4.3 billion assuming full participation by lenders and
noteholders. Under this 'High Participation' scenario, iHeart's
stand-alone leverage would improve to roughly 9.6x pro forma for
the exchange offer and a separation of the outdoor business.
iHeart's gross leverage on a consolidated basis was 11.3x at
year-end 2016. Additionally, near-term liquidity could benefit from
the lower cash interest costs and two-year maturity extension on
the debt targeted by the proposed exchange offers. Notably, the
exchange offers if successful could push the next sizeable maturity
hurdle to 2021.

Per the Exchange Offers for the existing term loans, the company's
lenders will be offered a range of $750 to $880 in principal amount
of new term loans per $1,000 principal amount of the existing term
loans as well as contingent value rights (CVRs) in unrestricted
subsidiary Broader Media LLC and in the 'High Participation
Scenario' shares of CCO Holdings Class B common stock and warrants
to purchase iHeartMedia Class D Common Stock. In the event that
participation does not meet the 'Low Threshold Scenario' but 50% of
the aggregate term loan holders participate in the exchange, all of
the existing term loans will be amended to no longer require the
absence of a going concern qualification in the annual audited
financials.

Per the Exchange Offers for the PGNs, the noteholders will be
offered a range of $750 to $880 in principal amount of new iHeart
senior secured notes per $1,000 principal amount of the existing
notes and in the 'High Participation Scenario' shares of CCO
Holdings Class B common stock and warrants to purchase iHeartMedia
Class D Common Stock. The senior notes due 2021 will receive the
deepest discount to par, with an offer of $350 in principal amount
of new iHeart senior secured notes per $1,000.

RATING SENSITIVITIES

Positive: Per Fitch's criteria regarding DDEs, the IDR would
subsequently be upgraded from 'RD' to reflect the post DDE credit
profile. iHeart's absolute debt reduction and the resulting reduced
cash interest costs, improved free cash flow and extended maturity
profile from the proposed exchange offers are reliant on term loan
and noteholder participation and can result in a number of varying
outcomes. A reduced level of participation could limit improvement
to the credit profile following the exchange. Additionally, Fitch
believes that pro forma leverage, even in a full participation
scenario will remain high limiting upside to the IDR.

Negative: Fitch will downgrade the IDR to 'RD' upon the completion
of the exchange offer for the 18s.

FULL LIST OF RATING ACTIONS

Fitch has downgraded the following ratings:

iHeartCommunications, Inc.
-- Long-term IDR to 'C' from 'CC';
-- Senior secured term loans to 'C/RR4' from 'CC/RR4';
-- Senior secured priority guarantee notes to 'C/RR4' from
    'CC/RR4'.

Fitch has affirmed the following ratings:

-- Senior unsecured guarantee notes due 2021 at 'C/RR6';
-- Senior unsecured legacy notes at 'C/RR6'.

Clear Channel Worldwide Holdings, Inc.
-- Long-term IDR at 'B';
-- Senior unsecured notes at 'BB-/RR2';
-- Senior subordinated notes at 'B-/RR5'.

Clear Channel International B.V.
-- Long-term IDR at 'B';
-- Senior unsecured notes at 'BB-/RR2'.


IL VALENTINO: Seeks to Hire Bertuglia as Accountant
---------------------------------------------------
Il Valentino Restaurant Inc. seeks approval from the U.S.
Bankruptcy Court for the Southern District of New York to hire an
accountant.

The Debtor proposes to hire Peter J. Bertuglia, CPA, P.C. to
prepare its income tax returns, prepare financial reports, and
provide other accounting services related to its Chapter 11 case.

Peter Bertuglia, a certified public accountant, will charge $200
for his services.  The hourly rate for the firm's associates is
$50.

Mr. Bertuglia 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:

     Peter Bertuglia
     Peter J. Bertuglia, CPA, P.C.
     775 Park Avenue, Suite 222
     Huntington, NY 11743
     Tel: (631) 385-7003
     Fax: (631) 385-1528
     Email: pjb@bertugliacpa.com

                 About Il Valentino Restaurant

Il Valentino Restaurant Inc. sought protection under Chapter 11 of
the Bankruptcy Code (Bankr. S.D.N.Y. Case No. 17-10150) on January
25, 2017.  The petition was signed by Mirso Lekic, president.  The
case is assigned to Judge Michael E. Wiles.

The Debtor is represented by Joel M. Shafferman, Esq., at
Shafferman & Feldman LLP.

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

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


IMAGEWARE SYSTEMS: Needs Additional Time to File Form 10-K
----------------------------------------------------------
ImageWare Systems, Inc., said it was unable to compile certain
information required to prepare a timely filing of its annual
report on Form 10-K for the year ended Dec. 31, 2016.  Management
requires additional time to enable it to prepare the financial
statements necessary for a complete presentation, and to provide
its auditors with adequate time to complete the audit of the
financial statements.  As a result, the Company was unable to file
the Annual Report in a timely manner without unreasonable effort or
expense.  The Company expects to file its Annual Report on Form
10-K within the extension period, according to Form 12b-25 filed
with the Securities and Exchange Commission.

                    About ImageWare Systems

Headquartered in San Diego, California, ImageWare Systems, Inc.,
is a leader in the emerging market for software-based identity
management solutions, providing biometric, secure credential, law
enforcement and enterprise authorization.  Its "flagship" product
is the IWS Biometric Engine.  Scalable for small city business or
worldwide deployment, the Company's biometric engine is a multi-
biometric platform that is hardware and algorithm independent,
enabling the enrollment and management of unlimited population
sizes.  The Company's identification products are used to manage
and issue secure credentials, including national IDs, passports,
driver licenses, smart cards and access control credentials.  Its
law enforcement products provide law enforcement with integrated
mug shot, fingerprint LiveScan and investigative capabilities.
The Company also provides comprehensive authentication security
software.

Imageware Systems reported a net loss available to common
shareholders of $9.59 million on $4.76 million of revenues for the
year ended Dec. 31, 2015, compared to a net loss available to
common shareholders of $7.99 million on $4.15 million of revenues
for the year ended Dec. 31, 2014.

As of Sept. 30, 2016, Imageware had $5.87 million in total assets,
$6.05 million in total liabilities and a total shareholders'
deficit of $186,000.


INNOVATIVE CONSTRUCTION: Mansour Objects to Disclosure Statement
----------------------------------------------------------------
Michael T. Mansour, a creditor of Innovative Construction, Inc.,
objects to the second amended disclosure statement explaining the
Debtor's plan, complaining that neither the Plan nor the Disclosure
Statement set forth a plan that will adequately protect his first
lien position on the property located at 1465 Sampson Street.

Mr. Mansour tells the Court that if the Debtor does not have the
income or resources to fund a Chapter 11 plan and provide adequate
protection to the secured creditors, then the Plan should be
converted from a Chapter 11 to a Chapter 7 plan.

Mr. Mansour is represented by:

     Paul Lynch, Esq.
     P.O. Box 5411
     New Castle, PA 16105
     Tel: 724-654-6666
     Email: attorneypaullynch@gmail.com

                  About Innovative Construction

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

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

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

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


INSTITUTE OF CARDIOVASCULAR: Can File Plan No Later Than May 5
--------------------------------------------------------------
Judge Jerry Funk has extended Institute of Cardiovasular
Excellence, PLLC, et al.'s exclusive plan filing period through May
5, 2017, and their exclusive solicitation period through July 17,
2017.

As previously reported by The Troubled Company Reporter, the
Debtors informed the Court that although the sale process of their
assets has already been completed, they are however are currently
examining claims and possible objections. The Debtors also related
that said dispositions will have material impacts on the plan. In
addition, the Debtors contended that they are attempting to collect
all receivables for the estate. The Debtors said they will be in a
better position to determine whether significant distributions to
unsecured creditors will be made once the funds retrieved are more
certain, and the administrative costs are ascertained.

        About Institute of Cardiovascular Excellence, PLLC

Institute of Cardiovascular Excellence, PLLC, based in Ocala,
Florida, filed a Chapter 11 petition (Bankr. M.D. Fla. Case No.
16-01491) on April 20, 2016.  The petition was signed by Asad
Qamar, manager.  Judge Jerry A. Funk presides over the case.  The
Debtor estimated $0 to $50,000 in assets and $10 million to $50
million in liabilities at the time of the filing.

The Debtor is represented by Aaron A Wernick, Esq., at Furr &
Cohen, PA.  The Debtor employs Jameson Vicars of Jameson Vicars &
Co., CPAS as Accountant; Tracy Mabry Law, PA. as special counsel;
and Ackerman, LLP as special transactional counsel.

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


INTERNAP CORP: S&P Assigns 'B+' Rating on $300MM 1st-Lien Loan
--------------------------------------------------------------
S&P Global Ratings assigned its 'B+' issue-level rating and '2'
recovery rating to Atlanta-based data center operator Internap
Corp.'s proposed $300 million first-lien term loan due in 2022 and
$25 million revolving credit facility due in 2021.  The '2'
recovery rating indicates S&P's expectation of substantial
(70%-90%; rounded estimate: 70%) recovery for lenders in the event
of a payment default.  The new revolving credit facility will
replace the existing $50 million facility due in 2018, and the new

$300 million first-lien term loan will be used to repay the
$291 million remaining balance on Internap's $300 million term due
in 2019.  Upon completion of the refinancing, S&P will withdraw its
ratings on the company's existing $50 million facility due in 2018
and $300 million term due in 2019.

S&P's 'B' corporate credit rating and negative outlook on Internap
are unchanged.  S&P do not have visibility into covenant levels and
step-downs on the proposed debt, and the magnitude of the projected
covenant cushion could influence our rating outlook.

                         RECOVERY ANALYSIS

Key analytical factors

   -- S&P's simulated default scenario assumes Internap adds data
      center capacity more speculatively and that demand for this
      capacity does not fully materialize.

   -- S&P has valued the company on a going-concern basis using a
      5x valuation multiple of its projected emergence-level
      EBITDA.  This is at the lower end of the 5x-7x multiple
      range S&P typically ascribes to data center operators to
      reflect the significant contributions of the company's
      relatively low-margin partner colocation and declining
      internet connectivity businesses.

Simulated default and valuation assumptions:

   -- Simulated year of default: 2020
   -- EBITDA at emergence: $51 million
   -- EBITDA multiple: 5x

Simplified waterfall:

   -- Net enterprise value (after 5% administrative costs):
      $242 million
   -- Valuation split in % (obligors/nonobligors): 100/0
   -- Collateral value available to secured creditors:
      $242 million
   -- Secured first-lien debt: $327 million
      -- Recovery expectations: 70%

Note: All debt amounts include six months of prepetition interest.

RATINGS LIST

Internap Corp.
Corporate Credit Rating                     B/Negative/--

New Rating

Internap Corp.
  $300 mil. first-lien term loan due 2022
  Senior Secured                             B+
   Recovery Rating                           2 (70%)
  $25 mil. revolver due 2021
  Senior Secured                             B+
   Recovery Rating                           2 (70%)



INTERNAP CORPORATION: Moody's Rates Proposed $325MM Loans B3
------------------------------------------------------------
Moody's Investors Service has assigned a B3 (LGD3) rating to
Internap Corporation's proposed $325 million senior secured credit
facility which consists of a $300 million 5 year term loan and a
$25 million 4.5 year revolver. The proceeds from the offering will
be used to refinance the company's existing term loan and revolver
in full and to pay related fees and expenses.

RATINGS RATIONALE

Internap's B3 corporate family rating reflects its small scale,
declining revenues, moderate leverage and limited free cash flow
which is primarily the result of its high capital intensity. The
rating also incorporates Moody's concerns that the company derives
approximately 33% of its revenue from its lower margin partner data
center business and its IP services business which face continual
price pressure and represent somewhat of a commodity-like service.
These limiting factors are offset by Internap's stable base of
contracted recurring revenues and strong base of high quality
assets within its 15 company controlled datacenters and its
established market position in the fast growing collocation,
managed services and cloud segments.

Internap's new management team has laid out plans to refocus the
business on two core segments - colocation/network services and
cloud services. The company has articulated a strategic plan to cut
costs, accelerate sales productivity, sell non-core assets and
recapitalize the balance sheet.

On February 22, 2017, Internap raised $43 million in common equity
via a private placement and used the net proceeds of the offering
to repay a portion of its existing term loan indebtedness. This is
expected to improve leverage to 4.7x (Moody's adjusted) for LTM
March 31, 2017. Despite this improvement, Moody's expects revenue
to decline 6% and EBITDA to decline 4% year-over-year for FYE2017
resulting in a modest increase in leverage of about 0.25x to 0.5x.

The stable outlook reflects Moody's view that Internap will produce
relatively consistent margins and stabilize its revenue trajectory
over the next 12 to 18 months.

Moody's could consider a rating upgrade if free cash flow
approaches 5% of debt and leverage were to trend towards 4x (both
on a Moody's adjusted basis).

Downward rating pressure could develop if liquidity becomes
strained or Moody's adjusted leverage increases above 6.5x.

The principal methodology used in these ratings was Global
Communications Infrastructure Rating Methodology published in June
2011.


ISOLA USA: Moody's Withdraws Caa2 Corporate Family Rating
---------------------------------------------------------
Moody's Investors Service has withdrawn the ratings of Isola USA
Corp., including the company's Caa2 Corporate Family Rating (CFR),
Caa2-PD Probability of Default Rating ("PDR"), and the B3 (LGD2)
rating on Isola's senior secured term loan.

Moody's has withdrawn the ratings for its own business reasons.

Headquartered in Chandler, Arizona, Isola is a principal operating
subsidiary of Isola Group, S.a.r.l. ("Isola Group"), a leading
developer and supplier of high-performance laminates to printed
circuit board fabricators serving an array of electronics industry
end markets.


JARED LARSON: Wants Plan Filing Deadline Extended to April 15
-------------------------------------------------------------
Jared Larson Trucking LLC asks the U.S. Bankruptcy Court for the
District of North Dakota to extend the time by which it has the
exclusive right to file a Chapter 11 plan through April 15, 2017.

Jared Larson, the owner of the Debtor LLC, has alleged forgery in
regards to loan documents pursuant to the alleged claims of
Heartland State Bank. Larson discovered the alleged forgery in late
January. Larson, as an individual, has filed a motion to vacate the
judgment entered in Stutsman County District Court. Heartland State
Bank has objected to the motion and at this time a hearing
regarding this Motion is yet to be scheduled.

As support for his motion, Larson has hired a forensic examiner and
a private investigator to review the documents alleged to be
forged. The reviews by these parties have yet to be completed.

Heartland State Bank is the primary secured creditor in the
Debtor's Chapter 11 case. Treatment of its claim in the plan is
dependent on the outcome of the state litigation.

                      About Jared Larson

Jared Larson Trucking LLC filed for Chapter 11 bankruptcy
protection (Bankr. D.N.D. Case No. 16-30477) on Sept. 16, 2016,
estimating its assets at up to $50,000 and its liabilities at
between $50,001 and $100,000.  Sara Diaz, Esq., at Bulie Law Office
serves as the Debtor's bankruptcy counsel.


JEANETTE GUTIERREZ: Castaneda Buying San Antonio Property for $58K
------------------------------------------------------------------
Jeanette M. Gutierrez asks the U.S. Bankruptcy Court for the
Western District of Texas to authorize the private sale of real
property located at 215 Longview Drive, San Antonio, Texas, to
Miguel Castaneda for $58,000 with $500 paid in advance and the
remaining balance to be paid in cash at closing.

The Debtor is the owner of the property more particularly described
as Lot 19, Block 4, New City Block 10638, recorded in the Real
Property Records of Bexar County, Texas.

The Debtor proposes to transfer their interest in the Property to
the Buyer pursuant to the terms of an earnest money contract, free
and clear of all liens, claims, and encumbrances.

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

   http://bankrupt.com/misc/Jeanette_Gutierrez_210_Sales.pdf

The Debtor is informed and believes that the property is encumbered
by these liens:

          a. Bexar County Texas - $4,467

          b. Ovation Services - $2,717

          c. Jefferson Bank - $46,105

          d. Internal Revenue Service - $1,202,586

          e. M2G Real Estate, Ltd. - $54,330

The Debtor estimates that closing costs will total approximately
$1,231 and real estate commission will total $3,480.  After payment
of closing costs and real estate commission, and the liens of
Jefferson Bank, Ovation Services, and Bexar County, Texas there
will be no funds available for payment towards other lienholders.

The estimated or possible tax consequences to the estate resulting
from the sale are capital gains in the amount of $4,530.

The Debtor believes that the proposed purchase price for the
property is fair and reasonable.  Accordingly, the Debtor asks the
Court to approve the proposed sale of property to the Buyer, and
grant such other and further relief as is just and proper.

The Debtor asks that the order authorizing the sale not be stayed
pursuant to Bankruptcy Rule 6004(g).

The Purchaser can be reached at:

          Miguel Castaneda
          4623 Creekmoor Creek
          San Antonio, TX 78220

                    About Jeanette M. Gutierrez

Jeanette M. Gutierrez and her spouse own and operate a couple of
businesses San Antonio, Texas, including GP Auto Sales, Inc.,
which is involved in used car sales; Gutierrez P. Enterprises,
LLC,
which owns and rents several residual rental properties in San
Antonio,
Texas; and FCRE, Inc.

Jeanette M. Gutierrez sought Chapter 11 protection (Bankr. W.D.
Tex. Case No. 15-52100g) on Aug. 31, 2015.

The Debtor tapped David T. Cain, Esq., at the Law Office of David
T. Cain as counsel.




JEANETTE GUTIERREZ: Smith Buying San Antonio Property for $48.5K
----------------------------------------------------------------
Jeanette M. Gutierrez asks the U.S. Bankruptcy Court for the
Western District of Texas to authorize the private sale of real
property located at 257 Longview Drive, San Antonio, Texas, to
David Smith for $48,500 with $100 paid in advance and the remaining
balance to be paid in cash at closing.

The Debtor is an owner the property more particularly described as
Lot 27, Block 4, New City Block 10638, recorded in the Real
Property Records of Bexar County, Texas.

The Debtor desires to sell the property to the Buyer pursuant to
the terms of an earnest money contract, free and clear of all
liens, claims, and encumbrancees.

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

    http://bankrupt.com/misc/Jeanette_Gutierrez_211_Sales.pdf

The Debtor is informed and believes that the property is encumbered
by these liens:

          a. Bexar County Texas - $4,015

          b. Ovation Services - $2,552

          c. Jefferson Bank - $37,879

          d. Internal Revenue Service - $1,202,586

          e. M2G Real Estate, Ltd. - $54,330

The Debtor estimates that closing costs will total approximately
$1,144 and real estate commission will total $2,910.  After payment
of closing costs and real estate commission, and the liens of
Jefferson Bank, Ovation Services, and Bexar County, Texas there
will be no funds available for payment towards other lienholders.

The estimated or possible tax consequences to the estate resulting
from the sale are capital gains in the amount of $4,215.

The Debtors believe that the proposed purchase price for the
Property is fair and reasonable.  Accordingly, the Debtor asks the
Court to approve the proposed sale of property to the Buyer, and
grant such other and further relief as is just and proper.

The Debtor asks that the order authorizing the sale not be stayed
pursuant to Bankruptcy Rule 6004(g).

The Purchaser can be reached at:

           David Smith
           4035 Naco Perrin, Suite 105
           San Antonio, TX 78217

                    About Jeanette M. Gutierrez

Jeanette M. Gutierrez and her spouse own and operate a couple of
businesses San Antonio, Texas, including GP Auto Sales, Inc.,
which is involved in used car sales; Gutierrez P. Enterprises,
LLC,
which owns and rents several residual rental properties in San
Antonio, Texas; and FCRE, Inc.

Jeanette M. Gutierrez sought Chapter 11 protection (Bankr. W.D.
Tex. Case No. 15-52100g) on Aug. 31, 2015.

The Debtor tapped David T. Cain, Esq., at the Law Office of David
T. Cain as counsel.


JPS COMPLETION: Cooper Buying Midland Property for $100K
--------------------------------------------------------
JPS Completion Fluids, Inc., asks the U.S. Bankruptcy Court for the
Western District of Texas to authorize the sale of real property
located at 1904 Cotton Flat Rd., Midland, Texas, to Cooper
Construction Co., Inc. for $100,000, subject to higher and better
bids.

The Debtor entered into Commercial Contract-Unimproved Property
with the Buyer for the purchase of the Property.  The Property will
be sold free and clear of all liens, claims, encumbrances and
interests.  The closing date of the sale will be on or before the
later of 45 days after the expiration of the feasibility period,
which is 14 days after the effective date of the Contract.  The
purchaser will not assume or be deemed to assume any liabilities of
the Debtor.

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

          http://bankrupt.com/misc/JPS_Completion_182_Sales.pdf

The Buyer is not affiliated in any way with the Debtor or any of
the Debtor's insiders.  The sale is an arm's-length transaction and
was negotiated in good faith by both the Debtor and by the Buyer.
The Debtor has no need for the Property and is unaware of any
competing offers.

The Debtor is not aware of any claims on the Property other than ad
valorem taxes, and costs of the sale, including but not limited to
escrow fees, broker's commissions, tax pro rations, title policy,
and other closing costs, all of which the Debtor asks be approved
for payment at closing from proceeds of the sale.

If approved, the sale will generate cash in exchange for an asset
that the Debtor is unable to utilize.  The consideration is not
only fair and reasonable but also supports the Debtors' business
justification for the sale.  Accordingly, the Debtor asks the Court
to grant the relief requested, and such other and further relief as
is just and proper.

The Debtor asks that the Order be effective immediately by
providing that the 14-day stay is inapplicable and waived, so that
they may proceed as expeditiously as possible with the sale.

The Purchaser can be reached at:

          COOPER CONSTRUCTION CO., INC.
          P.O. Box 52737
          Midland, TX 79710
          Telephone: (432) 620-0500
          Facsimile: (432) 685-7073
          E-mail: john4@cooper-construction.com

                About JPS Completion Fluids

JPS Completion Fluids, Inc., a domestic corporation with principal
place of business in Mathis, San Patricio County, Texas, provided
chemicals and other completion fluids for the oil and gas
industry.

JPS sought Chapter 11 protection (Bankr. W.D. Tex. Case No.
16-51110) on May 11, 2016. The petition was signed by Sergio
Garza,
vice president. Judge Craig A. Gargotta is assigned to the case.
The Debtor estimated assets and liabilities of $1 million to $10
million.

Nathaniel Peter Holzer, Esq., at the Jordan Hyden Womble Culbreth
&
Holzer PC, serves as the Debtor's counsel.

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


JUST LIKE SUGAR: Voluntary Chapter 11 Case Summary
--------------------------------------------------
Debtor: Just Like Sugar, Inc.
        2020 Pama Lane
        Las Vegas, NV 89119

Case No.: 17-11295

Business Description: Based in Las Vegas, Nevada, Just Like
                      Sugar, Inc. --
                      http://www.justlikesugarinc.com/-- produces
                      just like sugar products.  Founded in 2003,
                      it offers hot cocoa mix, strawberry milk
                      mix, baking and brown sweeteners, and baked
                      fruit and pie seasoning.  The Company sells
                      just like sugar products through wholesalers
                      and retailers in the United States.  It also
                      serves customers online.

Chapter 11 Petition Date: March 17, 2017

Court: United States Bankruptcy Court
       District of Nevada (Las Vegas)

Judge: Hon. August B. Landis

Debtor's Counsel: Thomas R. Port, Esq.
                  LAW OFFICES OF THOMAS R. PORT
                  2020 Pama Lane, Las Vegas, NV
                  83 Mission Hills Str
                  Oakland, CA 94605
                  Email: t.port@me.com

Estimated Assets: $500,000 to $1 million

Estimated Liabilities: $1 million to $10 million

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

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

         http://bankrupt.com/misc/nvb17-11295.pdf


KIDS FIRST: Seeks to Hire Ronny Brower as Accountant
----------------------------------------------------
Kids First Enrichment Center, LLC seeks approval from the U.S.
Bankruptcy Court for the Western District of Tennessee to hire an
accountant to assist in financial management.

The Debtor proposes Ronny Brower, a certified public accountant, to
prepare financial reports relative to its operations, keep records
and receipts, prepare tax returns, and provide other services.

The Debtor will pay Mr. Brower an hourly fee of $200 for tax
preparation and consulting services, $85 for data processing, and
$125 for bookkeeping services.

Mr. Brower disclosed in a court filing that he does not hold or
represent any interest adverse to the Debtor or any of its
creditors.

Mr. Brower maintains an office at:

     Ronny Brower
     5965 Ridgeway Center Parkway, Suite 210
     Memphis, TN 38120

              About Kids First Enrichment Center

Kids First Enrichment Center, LLC is a child day care center
operating in Memphis, Shelby County, Tennessee.  The sole member of
the limited liability company is Harry L. Smith.

The Debtor sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. W.D. Tenn. Case No. 17-21641) on February 23, 2017.
The petition was signed by Harry L. Smith, member.  The case is
assigned to Judge George W. Emerson Jr.

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


KIWA BIO-TECH: Yong Change Wu Removed as Director
-------------------------------------------------
Yong Change Wu was removed as a director of Kiwa Bio-Tech Products
Group Corporation on March 13, 2017, by the consent of the holders
of a majority of the votes entitled to be cast on the matter and
the approval of the majority of the directors of the Company.
Immediately thereafter, the Board appointed Yong Lin Song as a
director of the Company to be effective immediately.  The Company
said there was not any matter of dispute between itself and Mr.
Wu.

Mr. Song is a senior agronomist at the Institute of Agricultural
Resources and Regional Planning, Chinese Academy of Agricultural
Sciences.  He has 29 years of experience in microbial R&D and
technology promotion and has led many national agricultural
projects.  In 2001, he was responsible for technological
achievement transformation and technology promotion of Agricultural
Resources and Regional Planning, Chinese Academy of Agricultural
Sciences.  In 2009, he served as deputy secretary general of the
Chinese Society of Plant Nutrition and Fertilizer Science.  Mr.
Song joined Kiwa in March 2016 and is responsible for the Company's
Research and Development operations.

Meanwhile, on March 8, 2017, pursuant to the consent of the holders
of a majority of the votes entitled to be cast on the matter and
the approval of the majority of the directors of the Company, the
Company was converted from a Delaware corporation to a Nevada
corporation by filing of Articles of Conversion and Articles of
Incorporation in the State of Nevada and filing a Certificate of
Dissolution in the State of Delaware.

On March 8, 2017, pursuant to the consent of the holders of a
majority of the votes entitled to be cast on the matter, the
following actions were approved:

   (1) Reincorporation of the Company from Delaware to Nevada; and
       
   (2) Approval of the Kiwa Bio-Tech Products Group Corporation
       2016 Employee, Director and Consultant Stock Plan.

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

The Company reported a net loss of $677,358 in 2015 following a net
loss of $707,556 in 2014.  As of Sept. 30, 2016, Kiwa Bio-Tech had
$4.74 million in total assets, $9.76 million in total liabilities
and a total stockholders' deficiency of $5.02 million.

Paritz & Company, P.A., in Hackensack, New Jersey, issued a "going
concern" qualification on the consolidated financial statements for
the year ended Dec. 31, 2015, citing that the Company's current
liabilities substantially exceeded its current assets by $9,330,130
at Dec. 31, 2015.  The Company had no sales during the years ended
Dec. 31, 2015, and 2014, had an accumulated deficit of $20,324,812
and stockholders' deficiency of $11,100,454 as of Dec. 31, 2015.
These circumstances, among others, raise substantial doubt about
the Company's ability to continue as a going concern.


KRATON CORP.: Moody's Rates Proposed $400MM Sr. Unsecured Notes B3
------------------------------------------------------------------
Moody's Investors Service assigned a B3 rating to Kraton
Corporation's (B1 stable) proposed $400 million Senior Unsecured
Notes due 2025. Proceeds from the notes will be used to repay
existing term loan debt and fulfill its mandatory amortization
requirements through the remaining life of the facility, as well as
extend the company's debt maturity profile. Moody's expects this to
be a leverage neutral event resulting in no changes to the
companies ratings. The ratings are subject to a review of the final
documentation. Kraton's outlook is stable.

Ratings assigned:

Kraton Polymers LLC.

$400 Mil. Sr. Unsecured Notes due 2025 -- B3 (LGD5)

RATINGS RATIONALE

The B1 CFR reflects Kraton's elevated leverage of 5.7x LTM December
31, 2016 (not including transaction synergies) and increase in debt
service costs of about $100 million annually following its $1.37
billion acquisition of Arizona Chemical Holdings Corporation in
January of 2016. The rating incorporates the progress that has been
made on Kraton's cost cutting initiatives as well as the Arizona
integration, which still has additional synergies to improve cash
generation and fund debt repayment. Similar to 2016, 2017 will be a
transitional year with elevated leverage and cash used to effect
the synergy and cost-out programs. In total, Kraton expects to
realize $65 million in synergies over three years for its
integration of Arizona and is in the middle of a four-year cost
cutting program which will save $70 million; all to be completed by
the end of 2018. The rating also contemplates Kraton's exposure to
volatile raw material pricing, large well-funded competitors, and
some commoditized products that can experience greater price
pressures. Increases in butadiene prices during late 2016 and early
2017 have increased Kraton's costs and could pressure first half
earnings as there is typically a lag in the company's ability to
pass through price increases.

Kraton's ratings are supported by the fundamentally larger and more
diverse company following the Arizona acquisition, with combined
revenues of $1.7 billion, and roughly twice the operating footprint
globally. EBITDA margins and free cash flows are benefitting from
combining Kraton's focus on higher margin HSBC and Cariflex
products with Arizona's historically strong profitability,
resulting from its specialty product focus and advantaged feedstock
position. Other factors supporting the rating are the company's
leading market positions, raw material diversification
(hydrocarbons and CTO/ CST based products), long-lived customer and
supplier relationships, diverse end-markets and customers, and
"green" product offerings. Management's public target of 2.5x net
leverage by the end of 2018 and plans for debt reduction support
anticipated credit metric improvements in 2017, while cost-cutting
and synergy programs lower expenses.

Kraton's Speculative Grade Liquidity rating SGL-2 reflects its good
liquidity profile. Liquidity is supported by a cash balance of $122
million as of December 31, 2016, and positive free cash flow
generation in 2016. Kraton's $250 million ABL revolving credit
facility due January 6, 2021 also supports liquidity.

The $250 million ABL credit facility has two tranches to support
global operations, a US facility and a foreign facility, wherein
the US tranche is no less than 60% of the total commitment. The ABL
provides for $30mm of LC's in the USA and $20mm in Europe.
Availability on the revolver is subject to a borrowing base
limitation, which is governed by the sum of 85% of A/R plus 65% of
inventory. The ABL was undrawn as of December 31, 2016 and is
expected to be lightly used, generally in periods of volatile raw
material prices. The revolver has a springing fixed charge covenant
of 1x, which is triggered if excess availability declines below a
certain threshold.

Kraton's new proposed $400 million notes issuance will reduce its
six-year $1.278 billion senior secured term loan due January 6,
2022 to approximately $890 million. The term loan has a senior
secured net leverage covenant of 4.0x with step-downs (beginning
June 30, 2017 to 3.75x). The first lien also has a 50% cash flow
sweep, which has leverage based step-down provisions based on the
senior secured net leverage ratio. Kraton also has 7.25 year 10.5%
$440 million senior unsecured notes, due April 2023.

The KFPC JV also has a 5.5 billion New Taiwan Dollar (NTD) delayed
draw credit facility ($171 million at December 31, 2016 exchange
rate) to finance the Taiwan HSBC project. This facility is being
drawn down as needed to fund capex, working capital, and for
general corporate purposes. As of December 31, 2016, the NTD
facility had $116 million outstanding. Both Kraton and Formosa
guarantee the debt as part of the 50/50 JV arrangement -- Kraton
fully consolidates the JV.

Some seasonality in working capital can be a use of cash since the
company typically builds inventories in the first half of the year
and releases working capital in the second half, but the timing of
cash use can also shift with raw material price vagaries. The
company does not pay a dividend and Moody's does not expect such a
use of cash while it is integrating Arizona, executing its cost
cutting program, and until the Formosa JV capital expansion project
is fully ramped up.

The stable outlook reflects Moody's expectation that Kraton's
leverage will remain elevated for the next 9-12 months, while it
implements its costs savings and synergies plans. The outlook
anticipates that Kraton will use any available free cash flow to
reduce leverage, below 5.0x by year-end 2017. Additionally,
Moody's' expects the company to maintain conservative financial
policies that include no shareholder remuneration or large debt
funded acquisitions until a meaningful amount of debt is repaid.
Kraton's rating has limited upside in the near-term due to the high
leverage from its debt funded acquisition of Arizona. The rating
could be upgraded once leverage is sustainably below 4.5x.
Conversely, the rating could be downgraded if EBITDA margins
deteriorate, and leverage exceeds 6.0x on a sustained basis, or if
free cash flow is not used primarily for debt repayment.

The principal methodology used in this rating was Global Chemical
Industry Rating Methodology published in December 2013.

Kraton Corporation, headquartered in Houston, Texas, is a major
global producer of styrenic block copolymers (SBCs), which are
synthetic elastomers used in industrial and consumer applications
to impart favorable product characteristics such as flexibility,
resilience, strength, durability and processability. Major end uses
for Kraton's products include personal care products, packaging and
films, medical applications, adhesives, sealants, coatings, paving,
roofing and compounds. In January 2016, Kraton acquired Arizona
Chemical Holdings Corporation, a producer and seller of pine based
specialty chemicals for use in end-markets including adhesives,
fuel additives, and roads. The company had revenues of $1.7 billion
for the year ending December 31, 2016.



KRATON CORP: S&P Affirms 'B' CCR & Revises Outlook to Positive
--------------------------------------------------------------
S&P Global Ratings said that it revised its rating outlook on
Kraton Corp. and Kraton Polymers LLC to positive from stable and
affirmed its 'B' corporate credit ratings on the companies.

At the same time, S&P affirmed its 'B+' issue-level rating on the
Kraton's existing senior secured debt.  The recovery rating remains
'2', indicating S&P's expectations for substantial (70%-90%;
rounded estimate: 85%) recovery in the event of payment default.

S&P also raised its issue-level rating on the company's existing
$440 million senior unsecured notes to 'B-' from 'CCC+' and revised
the recovery rating to '5' from '6'.  The '5' recovery rating
indicates S&P's expectation for modest (10%-30%; rounded estimate:
15%) recovery in the event of a payment default.

Additionally, S&P assigned its 'B-' issue-level rating and '5'
recovery rating to the company's proposed $400 million unsecured
notes.  The '5' recovery rating indicates S&P's expectation for
modest (10%-30%; rounded estimate: 15%) recovery in the event of a
payment default.  S&P expects that Kraton will use the proceeds
from this debt issuance to repay a portion of its $1.278 billion
term loan.

S&P's issue-level and recovery ratings on Kraton's unsecured debt
reflect the impact of an evolution in the proportion of the
company's enterprise value generated at obligors versus that
generated at nonobligors.  S&P now understands that Kraton's
obligors account for approximately 50% of consolidated EBITDA, with
nonobligors generating approximately 50%.  This is a change from
S&P's previous understanding, and its recovery valuation reflects
this obligor/non-nonobligor split.

"The outlook revision reflects our expectation that Kraton's EBITDA
will continue to improve due to increased sales and cost-saving
measures, resulting in gradually improving credit metrics over the
next 12-24 months," said S&P Global Ratings' credit analyst Mark
Tarnecki.  "Although we expect weighted average funds from
operations (FFO) to debt to remain appropriate for the current
rating (at or below 12%) in our base-case scenario, we now believe
there is at least a one-in-three chance of an upgrade within the
next 12 months."

S&P's corporate credit rating on Kraton reflects the company's weak
business risk profile and highly leveraged financial risk profile
assessments.  Given the choice of a 'b' or 'b-' anchor assessment,
S&P chooses 'b' because it views the company's credit measures as
being at the stronger end of the highly leveraged financial risk
profile.

The positive outlook reflects S&P's expectation that Kraton's
credit measures will continue to improve due to improving EBITDA.
S&P expects that Kraton's management will remain prudent regarding
acquisitions and shareholder rewards, thus attaining a financial
policy that supports the rating.  S&P also expects the company's
weighted average FFO to debt to approach 12% over next 12 months.

S&P could lower its corporate credit rating on Kraton during the
next 12 months if its FFO to debt falls below 10% on a pro forma
weighted average basis due to a combination of weak demand volume,
falling selling prices, and raw material volatility.  S&P could
also lower the rating if the company pursues unexpected additional
large debt-financed acquisitions or shareholder rewards.

S&P could raise the rating during the next 12 months if the company
successfully integrates the Arizona Chemical business and
implements its cost-saving initiatives, resulting in improved
EBITDA leading to credit measures that are in line with the an
aggressive financial profile, including FFO to debt above 12% on a
pro forma weighted average basis.  An upgrade would also depend the
company maintaining adequate liquidity and a prudent approach to
funding growth initiatives and shareholder rewards.



KUM GANG: Amended Plan Allots $375,000 for $4MM Unsecured Claims
----------------------------------------------------------------
Kum Gang, Inc., filed with the U.S. Bankruptcy Court for the
Eastern District of New York a seventh amended disclosure statement
explaining its seventh amended plan of reorganization, saying it
owes unsecured creditors the sum of $4,135,938.06.

The Debtor said in the Disclosure Statement it filed in November
2016 that it owes unsecured creditors the sum of $3,574,497.

General Unsecured Claims will be paid a total of $375,000.  Each
creditor will receive the prorated share of its claim in two
disbursements.  The first disbursement of $325,000 will be
distributed within 30 days after the Effective Date of the Seventh
Amended Plan.  The second disbursement of $50,000 will be
distributed within 60 days after the Effective Date of the Seventh
Amended Plan.  The Unsecured Judgment Creditors' pro rata share of
the $375,000 will be allocated to the liquidated damages portion of
the award judgment as opposed to back pay, and based on the
operation of section 1141(d)(1)(A) of the Bankruptcy Code, the
Unsecured Judgment Creditors' claims against the Debtor will be
discharged upon the effective date of the plan.

A full-text copy of the Seventh Amended Disclosure Statement dated
March 7, 2017, is available at:

      http://bankrupt.com/misc/nyeb15-42018-170.pdf

Kum Gang, Inc., based in Flushing, N.Y., filed a Chapter 11
petition (Bankr. E.D.N.Y. Case No. 15-42018) on April 30, 2015.
Hon. Carla E. Craig presides over the case.  In its petition, the
Debtor estimated $1 million to $10 million in both assets and
liabilities.  The petition was signed by Ji Sung Yoo, president.


LANDAMERICA 1031: Court Nixes Geminaros' RICO Claims
----------------------------------------------------
Judge Nora Barry Fischer of the United States District Court for
the Western District of Pennsylvania granted the defendants' motion
for summary judgment, and denied the plaintiffs' motion for partial
summary judgment in the case captioned JOSEPH J. GERMINARO, an
individual, and GABRIELLA P. GERMINARO, an individual, Plaintiffs,
v. FIDELITY NATIONAL TITLE INSURANCE COMPANY, and COMMONWEALTH LAND
TITLE INSURANCE COMPANY, Defendants, Civil Action No. 14-1202 (W.D.
Pa.).

In this civil action, Joseph and Gabriella Germinaro sued Fidelity
National Title Insurance Company (FNTIC), as successor to Lawyers
Title Insurance Corporation (LTIC), and Commonwealth Land Title
Insurance Company (CLTIC) for alleged violations of the Racketeer
Influenced and Corrupt Organizations Act (RICO).  The suit arose
out of the Germinaro's unsuccessful attempt to effectuate a
tax-deferred land exchange pursuant to Section 1031 of the Internal
Revenue Code.

In November 2008, as part of the 1031 exchange, the Germinaros
entrusted approximately $831,187 to LandAmerica 1031 Exchange
Services, Inc. (LES), a "qualified intermediary" under the Internal
Revenue Code.  Approximately one week later, LES -- then a
sister-corporation to LTIC and CLTIC -- filed for bankruptcy.  As a
result, the Germinaros were unable to complete their 1031 exchange
and sustained financial loss.

In the lawsuit, the Germinaros alleged that LTIC, CLTIC, and LES --
together with their parent company, LandAmerica Financial Group,
Inc. (LFG) and various corporate officers -- operated a Ponzi
scheme as part of a RICO "enterprise."  The Germinaros avered that,
as part of this scheme, LTIC and CLTIC induced the Germinaros to
entrust their money to LES while making misrepresentations about
and/or fraudulently concealing the fact that:

     (a) LES was on the brink of insolvency;

     (b) The Germinaros' funds were being commingled with those
         of other LES customers;

     (c) The Germinaros' funds were being used to complete the
         exchanges of LES' pre-existing customers; and

     (d) The Germinaros were at substantial risk of losing their
         funds by placing them with LES.

The Germinaros further maintained that LTIC and CLTIC injected cash
into LES for the purpose of allowing LES to make "lulling payments"
and thereby perpetuated the Ponzi scheme.

On May 13, 2016, the parties filed cross-motions for summary
judgment relative to the RICO claims.  The Germinaros requested
that the Court enter partial summary judgment in their favor by
determining that the Defendants are liable under Sections 1962(c)
and 1962(d) of RICO as a matter of law.  The Defendants filed a
cross-motion for summary judgment, arguing that both claims fail in
their entirety.

The Defendants argued that the Germinaros have failed to establish
a single element of their section 1962(c) claim.  The Defendants
moved for summary judgment on the grounds that the Germinaros have
failed to demonstrate a pattern of racketeering that amounts to
"continued criminal activity."  According to the Defendants, the
Germinaros' second amended complaint alleged a closed-ended RICO
scheme that is too short in duration to establish the requisite
"continuity."

Judge Fischer agreed.  The judge found that the RICO conspiracy as
alleged in the Germinaros' second amended complaint consists of a
9-month period that lasted from the time of the Auction Rate
Securities freeze in February 2008 to November 26, 2008, when LES
and LFG filed for bankruptcy.  The judge explained that under the
law of the circuit, "continuity" of the alleged criminal activity
is lacking, and the Germinaros' RICO claim fails as a matter of
law.

The Germinaros also asserted a claim of RICO conspiracy pursuant to
18 U.S.C. section 1962(d).  Judge Fischer pointed out that the
Germinaros must first establish their section 1962(c) claim in
order to prevail on their RICO conspiracy claim.  Because the
Germinaros cannot do so, the judge held that, consequently, the
deficiencies in the Germinaros' section 1962(c) claim necessarily
defeat their section 1962(d) conspiracy claim as well.

A full-text copy of Judge Fischer's February 21, 2017 memorandum
opinion is available at https://is.gd/dWBPmY from Leagle.com.

JOSEPH J. GERMINARO, GABRIELLA P. GERMINARO, are represented by:

          Michael P. Denver, Esq.
          HOLLISTER & BRACE
          1126 Santa Barbara Street
          Santa Barbara, CA 93102
          Tel: (805)963-6711

FIDELITY NATIONAL TITLE INSURANCE COMPANY is represented by:

          James E. Heffner, Esq.
          Michael J. Gleason, Esq.
          HAHN LOESER & PARKS LLP
          600 West Broadway Suite 1500
          San Diego, CA 92101-3384
          Tel: (619)810-4300
          Fax: (619)810-4301
          Email: jheffner@hahnlaw.com  
                 mgleason@hahnlaw.com          

            -- and --

          Charles W. Pugh, Esq.
          Erica L. Calderas, Esq.
          HAHN LOESER & PARKS LLP
          200 Public Square Suite 2800
          Cleveland, OH 44114
          Tel: (216)621-0150
          Fax: (216)241-2824
          Email: cpugh@hahnlaw.com
                 elcalderas@hahnlaw.com

COMMONWEALTH LAND TITLE INSURANCE COMPANY is represented by:

          James E. Heffner, Esq.
          Michael J. Gleason, Esq.
          HAHN LOESER & PARKS LLP
          600 West Broadway Suite 1500
          San Diego, CA 92101-3384
          Tel: (619)810-4300
          Fax: (619)810-4301
          Email: jheffner@hahnlaw.com  
                 mgleason@hahnlaw.com          

            -- and --

          Erica L. Calderas, Esq.
          HAHN LOESER & PARKS LLP
          200 Public Square Suite 2800
          Cleveland, OH 44114
          Tel: (216)621-0150
          Fax: (216)241-2824
          Email: elcalderas@hahnlaw.com

                    About LandAmerica Financial

LandAmerica Financial Group, Inc., provided real estate
transaction services with offices nationwide and a vast network of
active agents.  LandAmerica Financial Group and its affiliate
LandAmerica 1031 Exchange Services Inc. filed for Chapter 11
protection (Bankr. E.D. Va. Lead Case No. 08-35994) on Nov. 26,
2008.  Attorneys at Willkie Farr & Gallagher LLP and McGuireWoods
LLP served as co-counsel.  Zolfo Cooper served as restructuring
advisor.  Epiq Bankruptcy Solutions served as claims and notice
agent.

Attorneys at Akin Gump Strauss Hauer & Feld LLP and Tavenner &
Beran PLC served as counsel to the Creditors Committee of 1031
Exchange.  Bingham McCutchen LLP and LeClair Ryan served as
counsel to the Creditors Committee of LFG.

In its bankruptcy petition, LFG reported total assets of
$3.325 billion and total debts of $2.839 billion as of Sept. 30,
2008.

Between March 6 and Nov. 4, 2009, various LFG affiliates --
LandAmerica Assessment Corporation, LandAmerica Title Company,
Southland Title Corporation, Southland Title of Orange County,
Southland Title of San Diego, LandAmerica Credit Services, Inc.,
Capital Title Group, Inc., and LandAmerica OneStop Inc. -- also
commenced voluntary Chapter 11 cases.  The Chapter 11 cases of
LFG, LES, and the LFG Affiliates were jointly administered under
case number 08-35994.

LandAmerica filed a Joint Plan of Liquidation on Sept. 9, 2009.
The Court on Nov. 23, 2009, entered an order confirming a Nov. 16
version of the Joint Chapter 11 Plan of LFG and its Affiliated
Debtors, as to all Debtors other than OneStop.  The effective date
with respect to the Plan was Dec. 7, 2009.  Plan trustees were
appointed for LFG and LES.

The Plan as to OneStop was confirmed on Feb. 16, 2010, and
declared effective as of March 1, 2010.


LP CLEANERS: Unsecureds to Get $600 Per Quarter Under Plan
----------------------------------------------------------
LP Cleaners, Inc., dba Concord Cleaners, seeks authorization from
the U.S. Bankruptcy Court for the Eastern District of Tennessee to
approve the disclosure statement explaining the Debtor's plan of
reorganization.

Class 3 Allowed General Unsecured Claims will receive, on their
claims, $600/quarter, pro rata starting at a time as the priority
tax claims are paid in full.

During the periods before the Effective Date and after the
Effective Date, the Debtor will continue to manage its property and
conduct its operations as Debtor-in-Possession.  The funds with
which to implement the Plan will come from the cash generated by
the operations of the business.

On the Effective Date, all property of the Estate and all of the
property acquired by the Debtor will vest in the Debtor free and
clear of all Claims and of all liens and all security interests
securing the claims other than liens and security interests
expressly contemplated by the Plan and other than the obligation to
distribute the Estate as provided in this Plan.

The Disclosure Statement is available at:

         http://bankrupt.com/misc/tneb16-33166-91.pdf

                       About LP Cleaners

Knoxville, Tenn.-based LP Cleaners, Inc., filed for Chapter 11
bankruptcy protection (Bankr. E.D. Tenn. Case No. 16-33166) on Oct.
27, 2016, estimating its assets and liabilities at between $100,001
to $500,000.  The petition was signed by Larry Pappas, president.
Keith L. Edmiston, Esq., of Edmiston Foster, serves as the Debtor's
bankruptcy counsel.


LYNN'S MARKET: Seeks to Hire CGA Law Firm as Legal Counsel
----------------------------------------------------------
Lynn's Market Inc. seeks approval from the U.S. Bankruptcy Court
for the Middle District of Pennsylvania to hire legal counsel.

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

The hourly rates charged by the firm are:

     Lawrence Young         $345
     Brent Diefenderfer     $275
     E. Haley Rohrbaugh     $150
     Christina Locondro     $120
     Kenny Brayboy          $120

CGA Law Firm does not hold or represent any interest adverse to the
Debtor's bankruptcy estate, and that the firm is "disinterested" as
defined in section 101(14) of the Bankruptcy Code.

The firm can be reached through:

     Lawrence V. Young, Esq.
     CGA Law Firm
     135 North George Street
     York, PA 17401
     Phone: (717) 848-4900
     Email: lyoung@cgalaw.com
     Email: tlocondro@cgalaw.com

                    About Lynn's Market Inc.

Based in New Oxford, Pennsylvania, Lynn's Market, Inc. sought
protection under Chapter 11 of the Bankruptcy Code (Bankr. M.D. Pa.
Case No. 17-00864) on March 3, 2017.  The petition was signed by
Christopher Slike, president.  The case is assigned to Judge Robert
N. Opel II.

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


LYNN'S MARKET: Taps Alex Everhart as Business Consultant
--------------------------------------------------------
Lynn's Market, Inc. seeks approval from the U.S. Bankruptcy Court
for the Middle District of Pennsylvania to hire a business
consultant.

The Debtor proposes to hire Alex Everhart to assist in
restructuring some of its operations and financial management. He
will charge an hourly rate of $300 for his services.

Mr. Everhart disclosed in a court filing that he has no other
interest or connection related to the administration of the
Debtor's bankruptcy estate.

Mr. Everhart maintains an office at:

     Alex Everhart
     P.O. Box 163
     Dallastown, PA

                    About Lynn's Market Inc.

Based in New Oxford, Pennsylvania, Lynn's Market, Inc. sought
protection under Chapter 11 of the Bankruptcy Code (Bankr. M.D. Pa.
Case No. 17-00864) on March 3, 2017.  The petition was signed by
Christopher Slike, president.  The case is assigned to Judge Robert
N. Opel II.

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


MARGARET ANNA: Seeks to Hire Task of Accounting as Accountant
-------------------------------------------------------------
Margaret Anna Properties, LLC seeks approval from the U.S.
Bankruptcy Court for the Northern District of Indiana to hire an
accountant.

The Debtor proposes to hire Task of Accounting and Tax LLC to
provide bookkeeping and tax-related services, assist in fulfilling
reporting requirements, and provide other accounting services
related to its Chapter 11 case.

Alexius Samuels, the accountant designated to provide the services,
will charge an hourly rate of $75.

Task of Accounting does not represent any interest adverse to the
Debtor or its bankruptcy estate, according to court filings.

                 About Margaret Anna Properties

Margaret Anna Properties, LLC sought protection under Chapter 11 of
the Bankruptcy Code (Bankr. N.D. Ind. Case No. 17-20451) on March
2, 2017.  The petition was signed by Mary M. Liadakis, managing
member.  

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


MARGARET ANNA: Taps Gouveia and Associates as Legal Counsel
-----------------------------------------------------------
Margaret Anna Properties, LLC seeks approval from the U.S.
Bankruptcy Court for the Northern District of Indiana to hire legal
counsel in connection with its Chapter 11 case.

The Debtor proposes to hire Gouveia and Associates, LLC to give
legal advice regarding its duties under the Bankruptcy Code,
conduct examinations incidental to the administration of its case,
assist in the preparation of a bankruptcy plan, and provide other
legal services.

The hourly rates charged by the firm are:

     Gordon Gouveia               $400
     Catherine Molnar-Boncela     $275
     Shawn Cox                    $275
     Paralegals                   $100

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

The firm can be reached through:

     Catherine Molnar-Boncela, Esq.
     Gouveia and Associates, LLC
     433 W. 84th Drive
     Merrillville, IN 46410
     Phone: 219-736-6020
     Email: geglaw@gouveia.comcastbiz.net

                 About Margaret Anna Properties

Margaret Anna Properties, LLC sought protection under Chapter 11 of
the Bankruptcy Code (Bankr. N.D. Ind. Case No. 17-20451) on March
2, 2017.  The petition was signed by Mary M. Liadakis, managing
member.  

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


MARITIME COMMUNICATIONS: Sale of MCLM License for $1.95M Approved
-----------------------------------------------------------------
Judge Neil P. Olack of the U.S. Bankruptcy Court for the Northern
District of Mississippi authorized Maritime Communications/Land
Mobile, LLC's sale of Automated Maritime Telecommunications System
license WRV374 to PTC-220, LLC, for $1,950,000.

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

The sale proceeds will be delivered to the Debtor's, who will
deposit them in an interest-bearing escrow account, said account to
be established pursuant to the guidelines promulgated by the Office
of the United States Trustee, similar to interest-bearing escrow
accounts routinely established by Debtor's  counsel.  The proceeds
will not be disbursed, except upon further order of the Court,
after notice and a hearing.

Given the public interest considerations underlying PTC-220's
acquisition from the Debtor, the amount of time that has passed
since the filing of the case and the need for subsequent FCC
approval, the Court waives the stay provided by Bankruptcy Rules
6004(h) and 6006(d) to the extent applicable.

                  About Maritime Communications

Maritime Communications/Land Mobile, LLC, owns and operates
numerous licenses for wireless and cellular services.  Its assets
primarily include Federal Communications licenses.  The Company
filed a Chapter 11 petition (Bankr. N.D. Miss. Case No. 11-13463)
on Aug. 1, 2011, in Aberdeeen, Mississippi.  The Debtor
disclosed $46,542,751 in assets, and $31,240,965 in liabilities as
of the petition date.

The Debtor hired Harris Jernigan & Geno PLLC serves as the counsel
to the Debtor.  The Debtor obtained approval from the Bankruptcy
Court to hire Robert W. Mauriello, Jr. as special counsel.

Burr & Forman LLP represents the Official Committee of Unsecured
Creditors.

The Court entered an order confirming the First Amended Plan of
Reorganization dated Sept. 25, 2012, which provides that, among
other things, after Choctaw Investors (Patrick Trammel and the
secured creditors), Southeastern Commercial Finance, LLC, and the
administrative expense claimants have received the full amounts of
their claims and the monthly accruals, and assuming there is
sufficient revenue from the sale of any FCC Spectrum Licenses,
Choctaw will pay to the liquidating agent the full amount of
general unsecured claims.  Choctaw will make the distribution to
the Liquidating Agent as the funds are available from time to time
from the sales of FCC Spectrum Licenses.


MARJASU CORP: April 26 Plan Confirmation Hearing
------------------------------------------------
Judge Mildred Caban Flores of the U.S. Bankruptcy Court for the
District of Puerto Rico approved the disclosure statement and
certain amendments explaining Marjasu Corp.'s Chapter 11 plan filed
on June 20, 2016, and authorized the Debtor to start soliciting
acceptances or rejections of the Plan.

A hearing for the consideration of confirmation of the Plan and of
objections as may be made to the confirmation of the Plan will be
held on April 26, 2017, at 9:00 A.M.

Acceptances or rejections of the Plan may be filed in writing by
the holders of all claims on/or before 14 days prior to the date of
the hearing on confirmation of the Plan.

Any objection to confirmation of the plan must be filed on/or
before 14 days prior to the date of the hearing on confirmation of
the Plan.

                       About Marjasu Corp

Marjasu Corp, filed a Chapter 11 bankruptcy petition (Bankr. D.P.R.
Case No. 14-07793) on Sept. 22, 2014.

The Debtor hired Jose Alonso Figueroa as bankruptcy estate
accountant.


MASTROIANNI BROS: April 12 Disclosure Statement Hearing
-------------------------------------------------------
The hearing to consider approval of the disclosure statement
explaining Mastroianni Bros., Inc.'s plan of reorganization will be
held on April 12, 2017, at 10:30 A.M.

Written objections to the Disclosure Statement must be filed with
the Court and served no later than seven days prior to the
Disclosure Statement hearing date.

The Troubled Company Reporter previously reported that 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.


MAXELWAY LLC: Taps Jeanette Ryan as Real Estate Broker
------------------------------------------------------
Maxelway LLC seeks approval from the U.S. Bankruptcy Court for the
Western District of Texas to hire a real estate broker.

The Debtor proposes to hire Jeanette Ryan to market and sell a
condominium unit at Westcliff Condo Ph II and located at 611 N.
Cuernavaca Drive, Austin, Texas.

Ms. Ryan will get a commission of 3% of the sales price upon
closing of the sale.  If another broker represents the buyer, Ms.
Ryan will turn over her commission to that broker.

In a court filing, Ms. Ryan disclosed that she does not represent
any interest adverse to the Debtor or its bankruptcy estate.

Ms. Ryan maintains an office at:

     Jeanette Ryan
     23610 Pedernales Canyon Trail
     Spicewood, TX 78669
     Tel: (512) 230-1193
     Email: jryan247@outlook.com

The Debtor is represented by:

     Frank B. Lyon, Esq.
     Law Offices of Frank B. Lyon
     Two Far West Plaza, Suite 170
     3508 Far West Boulevard
     Austin, TX 78731
     Phone: 512-345-8964
     Fax: 512-697-0047
     Email: frank@franklyon.com

                        About Maxelway LLC

Maxelway LLC sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. W.D. Tex. Case No. 17-10004) on January 2, 2017.  The
petition was signed by Jeanette Ryan, member.  

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


ME BARS: Amends Plan to Remove Distribution to PREPA, Mercedes Benz
-------------------------------------------------------------------
Me Bars and Restaurants LLC filed with the U.S. Bankruptcy Court
for the District of Puerto Rico a second amended disclosure
statement dated March 6, 2017, referring to the Debtor's amended
reorganization plan filed by the Debtor on Jan. 9, 2017.

The original Disclosure Statement was amended to clarify the
provision for the administrative expense claim of RRR (Santa
Isabel) Realty, Inc., according to the stipulation filed on Dec. 6,
2016, and approved on Dec. 22, 2016.  Regarding priority creditors,
the Amended Disclosure Statement included a provision for new
claims filed by the Internal Revenue Service (Administrative
Claim), and the PR Department of Labor.  The provisions for
unsecured creditors was amended in order to: eliminate from
distribution creditors PR Electric Power Authority and Mercedes
Benz Financial.  Regarding the provision for PREPA, a distribution,
if any, will be determined after the resolution of the Adversary
Proceeding filed under case no. 16-00195.  The creditor has not
filed a claim certifying the alleged amounts claimed in the
adversary proceeding.  Finally, Mercedes Benz Financial will
receive distribution after it determines a deficiency on the
vehicle that was surrendered, which will be treated as a general
unsecured claim.

Municipio de Santa Isabel -- owed $31,685.62 in municipality sales
tax -- will be paid $597.95 60 months from the filing date,
including 5% interest rate, for a total payout of $35,876.80.  

The Debtor also owed Municipio de Santa Isabel $4,585.84.  The
Debtor will pay $86.54 60 months from the filing date, including 5%
interest rate, for a total payout of $5,192.43.

General unsecured creditors are classified in Class 3, and will
receive a distribution of 5% of its allowed claims, to be
distributed pro rata as follows: $200 per month for 60 months from
the effective date.

Payments and distributions under the Plan will be funded from the
Debtor's postpetition income from the operation of the business.

The Second Amended Plan is available at:

           http://bankrupt.com/misc/prb16-01663-158.pdf

As reported by the Troubled Company Reporter on Jan. 17, 2017, the
Debtor filed with the Court an amended disclosure statement dated
Jan. 9, 2017, referring to the Debtor's amended reorganization plan
filed on Jan. 9, 2017.  Under that plan, Class 3 General Unsecured
Claims -- totaling $53,449.80 -- are impaired.  The plan would
distribute $2,672.49 pro rata among all unsecured creditors from
the Effective Date of the plan in monthly installments of $50.43
per month for 60 months after the Effective Date (5% payout).  

Me Bars and Restaurants LLC filed for Chapter 11 bankruptcy
protection (Bankr. D.P.R. Case No. 16-01663) on March 1, 2016.
Modesto Bigas Mendez, Esq., at Bigas & Bigas serves as the Debtor's
bankruptcy counsel.


METROPOLITAN BAPTIST: April 26 Disclosure Statement Hearing
-----------------------------------------------------------
Metropolitan Baptist Church filed an amended disclosure statement
dated March 7, 2017, containing immaterial modifications.  A
full-text copy of the Disclosure Statement is available at:

           http://bankrupt.com/misc/dcb16-00040-108.pdf

The Troubled Company Reporter previously reported that the U.S.
Bankruptcy Court for the District of Columbia has scheduled a
hearing at 10:30 am on April 26, 2017, to consider whether the
Disclosure Statement and the Plan satisfy the various requirements
of the Bankruptcy Code, including whether the Plan is feasible.

Class B consists of all unsecured claims, including but not limited
to the deficiency claim of TMI Trust Company and the litigation
claims of JE Dunn and SRP Development.  The stated amount of TMI
Trust Company's claim is $29,638,779.27.  The stated amount of JE
Dunn's claim is $4,220,953.  The stated amount of SRP Development's
claim is $3,575,000.  Allowed Unsecured Claims will be paid as
follows:

    (1) Metropolitan will pay a "Monthly Payment" each month based
        upon the prior month's gross revenue and applicable
        expenses as follows: Monthly Payment = (30% x Church's
        gross revenue) - (base monthly rent [under Mercantile
        Lease], additional rent [under Mercantile Lease], taxes
        and utilities).  The Monthly Payment will be paid for a
        period of 96 months and the Deficiency Claim will be
        deemed fully paid and satisfied upon completion of the
        Monthly Payments;

    (2) TMI Trust Company, acting as paying agent, will receive
        the Monthly Payments and distribute the Monthly Payment,
        on a pro rata basis, among the holders of all Allowed
        Unsecured Claims;

    (3) the payment of all Unsecured Claims, including the
        deficiency, will be contingent upon the approval and
        confirmation of Debtor's Plan; and

    (4) the payment of Unsecured Claims, including the deficiency,
        under the confirmed Plan will commence not later than 60
        days from the date of a final court order confirming the
        Plan.  Class B is Impaired.

              About Metropolitan Baptist Church

Headquartered in Largo, Maryland, Metropolitan Baptist Church is a
not-for-profit religious corporation, originally incorporated in
the District of Columbia in 1892.

Metropolitan Baptist Church sought the Chapter 11 protection
(Bankr. D. D.C. Case No. 16-00040) on Feb. 5, 2016.  The petition
was signed by Harry T. Jones, Jr., Chair, Board of Trustees.  The
Debtor estimated assets in the range of $1 million to $10 million
and $10 million to $50 million.

Judge Martin S. Teel, Jr., presides over the case.

Wendell W. Webster, Esq., at Webster & Fredrickson, PLLC, serves as
the Debtor's counsel.


MICHAEL PETERS: Bohnsack Buying Templeton Property for $249K
------------------------------------------------------------
Judge Peter Carroll of the U.S. Bankruptcy Court for the Central
District of California will convene a hearing on April 2, 2017 at
10:00 a.m. to consider Michael Clegg Peters' proposal to sell real
property located at 96 Old County Road, Templeton, California,
parcel ID 041-031-006, to Rick Bohnsack for $249,000.

Objections, if any, must be filed not later than 14 days to the
hearing of the Motion.

The Debtor and the Buyer executed the Vacant Land Purchase
Agreement and Joint Escrow Instruction, dated March 3, 2017, for
the purchase of the Templeton Property.

The essential terms of the sale are:

          a. Purchaser: Rick Bohnsack

          b. Purchase Price: $249,000

          c. Condition of Property: The Property purchased "as-is"
without any representations or warranties of any kind.

         d. Closing Date: Apri1 21, 2017

         e. Brokers' Commissions: 6%

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

        http://bankrupt.com/misc/Michael_Peters_94_Sales.pdf

The scheduled value of the Templeton Property is $360,000, based on
a county assessment of value.  The Templeton Property has been on
the market for approximately 10 years.

To assist in his sale and reorganization efforts, the Debtor has
employed the real estate brokerage firm of Concierge Realty and Jan
Sanderlin as real estate broker, to market the Templeton Property
for sale.  The Broker's employment application was approved by the
Court on Sept. 12, 2016.

After months of the Templeton Property being listed on the MLS, the
Sale Price is a good and fair offer that results in a premium,
which significantly benefits the bankruptcy estate.  

There are currently no secured claims on the Templeton Property.

Selling the Templeton Property will create a liquid asset to pay
additional secured creditors of the estate and will allow the
Debtor to reduce monthly operating expenses.  Furthermore, the
selling of the Templeton Property will allow the Debtor to be able
to have a viable, confirmable reorganization plan.  

Accordingly, the Debtor asks the Court to approve the sale of the
Templeton Property to the Buyer free and clear of liens, mortgages,
and encumbrances; and authorize the payment of the brokers'
commissions, undisputed liens and encumbrances against the Property
and customary escrow costs directly from escrow.

The Debtor asks the Court to waive the 10-day stay prescribed by
Federal Rule of Bankruptcy Procedure 6004(g).

Michael Clegg Peters sought Chapter 11 protection (Bankr. C.D. Cal.
Case No. 16-11416) on July 27, 2016.  The Debtor tapped Michael Jay
Berger, Esq. as counsel.

Counsel for the Debtor can be reached at:

          Michael Jay Berger, Esq.
          LAW OFFICES OF MICHAEL JAY BERGER
          9454 Wilshire Blvd., 6th Floor
          Beverly Hills, CA 90212-2929
          Telephone: (310) 271-6223
          Facsimile: (310) 271-9805
          E-mail: michael.berger@bankruptcypower.com



MILWAUKEE ACADEMY: S&P Affirms 'BB+' Rating on 2013 Education Bonds
-------------------------------------------------------------------
S&P Global Ratings revised its outlook to positive from stable on
the Milwaukee Redevelopment Authority, Wis.' $12 million series
2013 redevelopment education refunding revenue bonds issued on
behalf of the Milwaukee Science Education Corp. Inc. (d/b/a
Milwaukee Academy of Science [MAS]).  At the same time, S&P
affirmed its long-term rating of 'BB+' on MAS' series 2013 revenue
bonds.

"The positive outlook reflects our view of the academy's continuous
improvement in operations with fiscal 2016 ending in a full-accrual
surplus, leading to increased days' cash on hand and maximum annual
debt service (MADS) coverage, as well as a below-average debt
burden when compared to medians and peers," said S&P Global Ratings
credit analyst Gauri Gupta.

"We assessed MAS's enterprise profile as adequate, characterized by
stable enrollment and satisfactory academic performance with MAS
having a specialized curriculum in STEM, as well as a long history
of operations," she added.  Despite these strengths, S&P recognizes
that the academy is close to facility capacity and does not have a
history of maintaining a waitlist, which adds an element of risk.
S&P assessed MAS' financial profile as adequate, characterized by
improving operations with a full-accrual surplus in fiscal 2016,
strengthening liquidity position and MADS coverage, and a
below-average debt burden.  Combined, S&P believes these credit
factors lead to an indicative stand-alone credit profile of 'bbb-'.
As S&P's criteria indicate, the final rating can be adjusted below
the indicative credit level due to a variety of overriding factors.
The 'BB+' rating on the academy's bonds better reflects S&P's view
of MAS' financial performance that is more in line with the current
rating medians and peers.

The academy is a public grade K-12 charter school in downtown
Milwaukee with 1,056 enrolled students for fall 2016, compared to
1,046 in fall 2015.  The $12 million series 2013 fixed-rate bonds
are the school's only debt.  School revenue and a mortgage on the
school's facilities secure the bonds.  Among the facilities
excluded from the mortgage are the unoccupied topmost seven floors
of a tower that the school is exploring divesting.

"The positive outlook reflects our belief that within the one-year
outlook period, the academy will maintain its demand profile and
enrollment, liquidity will continue to improve or remain at current
levels, and operating performance will remain positive on a
full-accrual basis such that MADS coverage will improve," added Ms.
Gupta.  S&P also do not expect the academy to issue additional
debt.



MOSAIC MANAGEMENT: Wants More Time to File Plan Through March 31
----------------------------------------------------------------
Mosaic Management Group, et al., are seeking an extension of their
exclusive plan filing period through March 31, 2017, and of their
exclusive solicitation period through May 1, 2017.

The Debtors continue to assert that an extension of the Exclusive
Periods will advance their efforts to confirm a reorganization plan
as expeditiously as possible and bring these cases to a resolution,
with the express involvement of the Official Committee of Unsecured
Creditors and the Official Committee of Investor Creditors.   

              About Mosaic Management Group

Mosaic Management Group, Inc., and its affiliates sought protection
under Chapter 11 of the Bankruptcy Code (Bankr. S.D. Fla. Lead Case
No. 16-20833) on Aug. 4, 2016.  The petitions were signed by
Charles Thomas Ryals, president and chief executive officer.  Judge
Erik P. Kimball presides over the case.

Mosaic Management Group, Inc. estimated assets at less than $50,000
and liabilities at $50,000 to $100,000. Mosaic Alternative Assets
Ltd. estimated assets at $50 million to $100 million and
liabilities at $1 million to $10 million.

The Debtors originally tapped Berger Singerman LLP as bankruptcy
counsel. In September 2016, the Debtors hired Kristopher E. Aungst,
Esq., and Angelo Castaldi, Esq., of Tripp Scott, P.A. as legal
counsel.  The Debtors also tapped Erwin Legal PLC, as special
counsel; Longevity Asset Advisors, LLC as consultant and sales
agent; GlassRatner Advisory & Capital Group, LLC, as financial
advisors and accountants; and Ricoh USA, Inc. as electronic data
consultant.

Guy G. Gebhardt, Acting U.S. Trustee for Region 21, on Aug. 23,
2016, appointed creditors of Mosaic Alternative Settlements, Inc.,
to serve on the official committee of unsecured creditors.  The
MASI committee hired Furr and Cohen, P.A. as its legal counsel,
and hire Genovese, Joblove & Battista, P.A., as special counsel.

The Acting U.S. Trustee for Region 21 on Dec. 8, 2016, appointed
creditors of Mosaic Alternative Assets, Ltd., to serve on the
official committee of investor creditors. The Committee of
Investor Creditors retains Bast Amron LLP as counsel.

An official committee of unsecured creditors has not yet been
appointed in the Chapter 11 cases of Mosaic Management Group Inc.
and Paladin Settlements, Inc. as of Dec. 23, according to the case
docket.


NAKED BRAND: Believes it Regains Compliance with Nasdaq
-------------------------------------------------------
As previously disclosed in its Current Report on Form 8-K filed
with the Securities and Exchange Commission on Sept. 27, 2016,
Naked Brand Group Inc. received written notice from the Listing
Qualifications Staff of The Nasdaq Stock Market notifying the
Company that it was not in compliance with Nasdaq Listing Rule
5550(b)(1) due to the Company's failure to maintain a minimum of
$2,500,000 in stockholders' equityor any alternatives to that
requirement.

As previously reported in the Company's Current Report on Form 8-K
filed with the SEC on Jan. 18, 2017, the Company provided Nasdaq
with a plan to regain compliance with the Minimum Stockholders'
Equity Requirement.  On Dec. 16, 2016, Nasdaq granted the Company
an extension of up to 180 calendar days from the date of the
Initial Notice, or until March 22, 2017, to evidence compliance
with the Minimum Stockholders' Equity Requirement.

The Company subsequently took the following steps to regain
compliance:

As disclosed in the Company's Current Report on Form 8-K filed with
the SEC on Feb. 10, 2017, the Company entered into an At The Market
Offering Agreement with Maxim Group LLC pursuant to which the
Company may sell from time to time, up to an aggregate of
$5,000,000 of shares of the Company's common stock, par value
$0.001 per share, through Maxim, as sales agent.

Pursuant to the Agreement, for the period commencing on Feb. 10,
2017, through March 14, 2017, the Company has sold an aggregate of
1,363,642 Shares, for aggregate net proceeds to the Company of
$3,388,638 after deduction of commissions payable to Maxim under
the Agreement.  Those shares were offered and sold pursuant to a
shelf registration statement on Form S-3 (File No. 333-213965),
which was declared effective by the SEC on Oct. 19, 2016, the
prospectus and the prospectus supplement relating to the offering
of such shares that forms a part of the Form S-3.

On March 13, 2017, Carole Hochman, chief executive officer of the
Company, surrendered deferred compensation in the amount of
$654,637.  Also on March 13, 2017, the Company granted to Ms.
Hochman 1,200,000 options to purchase shares of the Company's
common stock with an exercise price of $2.14, the price of the
Company's common stock as of March 13, 2017.

The Company affirmatively states that as of March 14, 2017, it
believes that it has regained compliance with the Minimum
Stockholders' Equity Requirement based on the consummation of the
aforementioned transactions.  Nasdaq will continue to monitor the
Company's ongoing compliance with the Minimum Stockholders' Equity
Requirement and, if at the time of its next periodic report the
Company does not evidence compliance therewith, the Company's
common stock may be subject to delisting from the Nasdaq Capital
Market.

Meanwhile, Naked Brand and Bendon Limited gave a joint investor
presentation at the 29th Annual ROTH Conference, the official
conference of ROTH Capital Partners, LLC on March 14, 2017, at 4:30
pm PDT,.  A copy of the Investor Presentation is available for free
at https://is.gd/Eat560

                        About Naked Brand

Naked Brand Group Inc. designs, manufactures, and sells men's
innerwear and lounge apparel products in the United States and
Canada.  It offers various innerwear products, including trunks,
briefs, boxer briefs, undershirts, T-shirts, and lounge pants
under the Naked brand, as well as under the NKD sub-brand for men.
The company sells its products to consumers and retailers through
wholesale relationships and direct-to-consumer channel, which
consists of an online e-commerce store, thenakedshop.com.  Naked
Brand Group Inc. is based in New York.

Naked Brand reported a net loss of US$19.06 million on US$1.38
million of net sales for the year ended Jan. 31, 2016, compared to
a net loss of US$21.07 million on US$557,000 of net sales for the
year ended Jan. 31, 2015.

As of July 31, 2016, Naked Brand had US$2.99 million in total
assets, US$1.44 million in total liabilities and US$1.55 million in
total stockholders' equity.

BDO USA, LLP, in New York, NY, issued a "going concern"
qualification on the consolidated financial statements for the year
ended Jan. 31, 2016, noting that the Company incurred a net loss of
$19,063,399 for the year ended Jan. 31, 2016, and the Company
expects to incur further losses in the development of its business.
This condition raises substantial doubt about the Company's
ability to continue as a going concern, the auditors said.


NAVISTAR: Carl C. Icahn Owns 17.02% Equity Stake as of March 10
---------------------------------------------------------------
In an amended Schedule 13D filed with the Securities and Exchange
Commission, High River Limited Partnership, Hopper Investments LLC,
and Barberry Corp. disclosed that as of March 10, 2017, they are
the beneficial owners of 3,339,185 shares of common stock,
representing approximately 3.40% of Navistar International
Corporation's outstanding common stock.

Icahn Partners Master Fund LP and Icahn Offshore LP disclosed that
as of March 10, 2017, they are the beneficial owners of 5,435,910
shares of common stock, representing approximately 5.54% of
Navistar International Corporation's outstanding common stock.

Icahn Partners LP and Icahn Onshore LP disclosed that as of March
10, 2017, they are the beneficial owners of 7,920,833 shares of
common stock, representing approximately 8.07% of Navistar
International Corporation's outstanding common stock.

Icahn Capital LP, IPH GP LLC, Icahn Enterprises Holdings L.P.,
Icahn Enterprises G.P. Inc. and Beckton Corp. disclosed that as of
March 10, 2017, they are the beneficial owners of 13,356,743 shares
of common stock, representing approximately 13.61% of Navistar
International Corporation's outstanding common stock.

Carl C. Icahn disclosed that as of March 10, 2017, he is the
beneficial owner of 16,695,928 shares of common stock, representing
approximately 17.02% of Navistar International Corporation's
outstanding common stock.

The Reporting Persons may be deemed to be the beneficial owner of,
in the aggregate, 16,695,928 Shares. The aggregate purchase price
of the Shares purchased by the Reporting Persons collectively was
approximately $512.7 million. The source of funding for these
Shares was the general working capital of the respective
purchasers. The Shares are held by the Reporting Persons in margin
accounts together with other securities. Such margin accounts may
from time to time have debit balances. Part of the purchase price
of the Shares was obtained through margin borrowing.

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

                          https://is.gd/XkZUIQ

                              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 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 Jan. 31, 2017, Navistar had $5.39 billion in total assets,
$10.72 billion in total liabilities and a total stockholders'
deficit of $5.32 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.


NCCD CLAREMONT: Moody's Rates 2017A/B University Housing Bonds Ba2
------------------------------------------------------------------
Issue: Taxable University Housing Revenue Bonds (NCCD - Claremont
Properties LLC - Claremont Colleges Project) Series 2017B; Rating:
Ba2; Rating Type: Underlying LT; Sale Amount: $250,000; Expected
Sale Date: 03/28/2017; Rating Description: Revenue: Other;

Issue: University Housing Revenue Bonds (NCCD - Claremont
Properties LLC - Claremont Colleges Project) Series 2017A; Rating:
Ba2; Rating Type: Underlying LT; Sale Amount: $54,250,000; Expected
Sale Date: 03/28/2017; Rating Description: Revenue: Other;

Summary Rating Rationale

Moody's Investors Service has assigned Ba2 to NCCD - Claremont
Properties LLC's University Housing Revenue Bonds, Series 2017A&B
issued by the California Public Finance Authority. The outlook is
stable. Approximately $54,250,000 of Series 2017A bonds and
$250,000 Series 2017B bonds affected. The rating is based on the
market position of the project due to its affiliation with Keck
Graduate Institute (KGI) (not rated) and Claremont Graduate
University (CGU) (Baa1 negative). The location near the schools and
amenities package gives the project a competitive advantage in a
strong real estate market exhibiting a 1.1% vacancy rate. The
rating reflects satisfactory financial performance, partially
mitigated construction risk and the project's targeted tenants of
graduate students.

Rating Outlook

The stable outlook reflects mitigating factors to construction risk
including an experienced developer and additional capitalized
interest beyond delivery date.

Factors that Could Lead to an Upgrade

Strong and sustained financial performance along with high
occupancy

Increased tenant base of project demonstrated by growing enrollment
at KGI

Factors that Could Lead to a Downgrade

Prolonged construction delays that impair delivery of the project
in time for the Fall 2018 semester

Initial lease-up exhibiting low occupancy or rent levels that
result in lower than expected financial performance

Legal Security

The bonds are special limited obligations payable solely from the
revenues of the project and other funds held with the Trustee and
do not constitute obligations for the Issuer or KGI. The
obligations are secured by payments made under the Loan Agreement,
a leasehold deed of trust, and amounts held by the Trustee under
the Indenture.

Use of Proceeds

The bonds will be used to construct and finance a 419-bed student
housing facility, fund debt service reserve and capitalized
interest accounts, and pay costs of issuance.

Obligor Profile

The Obligor and Owner, NCCD - Claremont Properties LLC, is a single
member limited liability company organized and existing under the
laws of the State of California for the purpose of developing and
financing certain facilities for the benefit of the Claremont
Colleges. The sole member of the Obligor is National Campus
Community Development Corporation, a 501(c)(3) Texas non-profit
corporation.

Methodology

The principal methodology used in this rating was Global Housing
Projects published in December 2015.


NEAL COY: Deckers Buying Duvall Property for $441K
--------------------------------------------------
Neal C. Coy asks the U.S. Bankruptcy Court for the Western District
of Washington to authorize the sale of remaining parcel of the real
estate collectively known as the Big Rock 40 located at 298-xxx NE
Big Rock Road, Duvall, King County, Washington, to Joseph and Joey
Decker for $441,000.

A hearing on the Motion is set for April 7, 2017 at 9:30 a.m.
Objection deadline is March 31, 2017.

The 4.16 acre portion of Big Rock 40 was previously sold.  The
remaining parcel, tax assessor number 2926079002, is approximately
35 acres.  Just as with the other Big Rock 40 property, the parcel
is co-owned with Barbara and Carlon Hurtt.

The Big Rock 40 properties have been listed for sale for almost a
year.  The Debtor has a listing agreement with Katie Hurtt (also
known as Barbara K. Hurtt, one of the other property owners).  The
listing agreement proposes to pay total commission of 5%, which
would amount to $22,050.  Per the listing agreement, this
commission is to be shared 50-50 with the buyer's agent.  There
will also be the normal closing costs associated with this sale,
such as escrow and title fees.  Excise tax, at 1.78%, would total
approximately $7,850 on the Property.

Two purchase and sale agreements were received on the Property.
The purchase and sale agreement with the Deckers is dated March 8,
2017, with a sale price of $441,000.  The Debtor and Hurtts
believes that this is the strongest offer, because it is for a
slightly higher amount, it has a shorter feasibility period, and
they have known these buyers for many years because they own the
adjoining lot, and they believe they are reliable and motivated to
follow through on the deal.

The other purchase and sale agreement received is from Lucille and
Shawn McKie. That offer was for a slightly lesser amount, i.e.
$440,000, and would entail a 60 day feasibility contingency period
that does not run until the bankruptcy court approves the sale.

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

          http://bankrupt.com/misc/Neal_Coy_151_Sales.pdf

There is one deed of trust on the Property, held by SMN, LLC, which
was originally secured on both of the Big Rock 40 properties.  As
detailed on proof of claim number 9 filed by that creditor, the
balance owed at the time of the bankruptcy was $350,000.  Carl
Hurtt has been making interest-only payments on the claim.
Approximately $137,220 of that balance was subsequently paid off
from the sale of the smaller Big Rock 40 lot in October of 2016.
Thus, an estimated $212,780 remains owing.  This amount would be
paid in full at closing from the sale of the Property.

There are also junior liens on the Debtor's share of the Property
held by the City of Duvall and the IRS, as detailed in his
confirmed Chapter 11 plan.  The Debtor's confirmed Chapter 11 plan
retained jurisdiction over his real properties as necessary "to
enable the Debtor to consummate any and all proceedings which may
be brought prior to or subsequent to the Order of Confirmation,"
including "to avoid or set aside liens or encumbrances."  The
Debtor's plan requires that the two Big Rock 40 parcels be sold
within 2 years of the effective date or else SMN or another secured
lienholder may commence foreclosure proceedings.  This deadline
expires after March 26, 2017.  

The Debtor proposes to pay, after payment of the various normal
costs of sale, the remaining balance on the SMN deed of trust
secured against the property.  He proposes that the remaining
proceeds should be held pending further court order.  The parties
will seek mediation or other resolution of the dispute over the
Hurtts' ownership share in the proceeds, and once the court has
approved such resolution, it can be determined what portion of the
sale proceeds the junior liens of the City of Duvall and the
Internal Revenue Service would attach to.  It is not expected said
proceeds will be sufficient to pay the IRS/City of Duvall claims in
full.  Both the IRS and the City of Duvall also hold junior liens
against Debtors other two pieces of real estate, which are subject
to an option agreement with Quadrant and the ongoing annexation
process.

Given the short amount of time between the plan's deadline and the
sale's projected closing date, the sale should close before any
foreclosure sale.  Thus, the proposed sale benefits SMN as it is
anticipated to generate full payment on the outstanding deed of
trust balance in less than 30 days from the date of the Motion,
without the cost or delay of having to undergo the foreclosure
process under state law.  Accordingly, the Debtor asks the entry of
an order authorizing sale of the Property pursuant to the purchase
and sale agreement with the Deckers free and clear of liens and
encumbrances, with normal closing costs to be paid first, then
SMN's deed of trust, with the remainder of proceeds to be held
pending further court order.

The Purchasers can be reached at:

          Joseph and Joey Decker
          Telephone: (425) 788-1874

Neal C. Coy filed a Chapter 11 petition (Bankr. W.D. Wash. Case
No.
13-20960) on Dec. 19, 2013, and is represented by Emily Jarvis,
Esq., at Wells and Jarvis, P.S., in Seattle.


NEOVASC INC: To Host Q4 and 2016 Conference Call on March 23
------------------------------------------------------------
Neovasc Inc. announced that it will release its financial results
for the fourth quarter and fiscal year 2016 on Thursday, March 23,
2017, after markets close.  The Company will subsequently hold a
conference call that same day, Thursday, March 23, 2017, at 4:30 pm
Eastern Time hosted by Mr. Alexei Marko, chief executive officer,
and Mr. Chris Clark, chief financial officer. A question and answer
session will follow the corporate update.

Conference Call Details
DATE:  Thursday, March 23, 2017
TIME:  4:30 pm ET  
DIAL-IN NUMBER:  888 390 0546 or 416 764 8688

A link to the live audio webcast of the conference call will also
be available on the Presentations and Events page of the Investors
section of Neovasc's website at www.neovasc.com.  Please connect at
least 15 minutes prior to the conference call to ensure adequate
time for any software download that may be required to hear the
webcast.  

                     About Neovasc Inc.

Neovasc Inc. (CVE:NVC) -- http://www.neovasc.com/-- is a Canadian
specialty medical device company that develops, manufactures and
markets products for the rapidly growing cardiovascular
marketplace.  Its products in development include the Tiara, for
the transcatheter treatment of mitral valve disease and the Neovasc
Reducer for the treatment of refractory angina.  The Company also
sells a line of advanced biological tissue products that are used
as key components in third-party medical products including
transcatheter heart valves.

Neovasc reported a net loss of US$26.73 million for the year ended
Dec. 31, 2015, compared to a net loss of US$17.17 million for the
year ended Dec. 31, 2014.  As of Sept. 30, 2016, Neovasc had
US$33.83 million in total assets, US$93.45 million in total
liabilities, and a total deficit of US$59.61 million.


NEW ENGLAND MECHANICAL: Intends to Use Cash Collateral
------------------------------------------------------
New England Mechanical Coordination & Consulting, LLC, seeks
authority from the U.S. Bankruptcy Court for the District of New
Hampshire to use cash collateral.

The Debtor intends to use up to $75,000 in cash collateral to pay
the ordinary course of business costs and expenses as reflected in
its proposed Budget during the period between March 6, 2017 and May
31, 2017. The proposed Budget projects total operating expenses in
the aggregate sum of $451,890 during the cash use period.

People's United Bank and/or the Internal Revenue Service have
consented to the Debtor's use of cash collateral in consideration
of the adequate protection payments and replacement liens.

The Debtor proposes to pay the Bank the amount of $750 per month
beginning on April 15, 2017 and the IRS the amount of $1,800 for
the first 6 months, beginning on April 15, 2017. To the extent that
cash collateral use continues for more than 6 months, the Debtor
will pay the IRS adequate protection payment of up to $3,686 in
October, 2017.

The Debtor also proposes to grant the Bank and/or the IRS first
priority, replacement lien on the Debtor's post-petition cash
collateral as security for any loss or diminution in the value of
any pre-petition cash collateral held by either of them. The Debtor
will also deliver a subordination agreement that has been fully and
properly executed by Latva Realty, which subordinates the security
interests held by Latva Realty as security for the $50,000
revolving loan made to the Debtor.

The Debtor also requests for an ex parte order that permits the
Debtor to pay the premiums on its policies of insurance in the
approximate amount of $15,000, which are due March 7, 2017.

A full-text copy of the Debtor's Motion, dated March 7, 2017, is
available at https://is.gd/l6C94C

A copy of the Debtor's Budget is available at https://is.gd/4c2CWi


        About New England Mechanical Coordination & Consulting

New England Mechanical Coordination & Consulting, LLC dba NEMC2
filed a Chapter 11 petition (Bankr. D.N.H. Case No. 17-10133), on
February 3, 2017. The Petition was signed by Michael A. Zyla,
member. The case is assigned to Judge Bruce A. Harwood. The Debtor
is represented by William S. Gannon, Esq. at William S. Gannon
PLLC. At the time of filing, the Debtor had $571,151 in total
assets and $2.41 million in total liabilities.


NEW ENTERPRISE: Closes Offer to Repurchase 11% Sr. Notes Due 2018
-----------------------------------------------------------------
New Enterprise Stone & Lime Co., Inc., announced the results of its
cash tender offer to purchase any and all of its 11% Senior Notes
due 2018 having an outstanding aggregate principal amount of $203.5
million (excluding $46.5 million aggregate principal amount of 2018
Notes previously repurchased by the Company).

The Tender Offer expired at 5:00 p.m., New York City time, on March
10, 2017.  The Company has accepted for purchase approximately
$196.47 million (or approximately 96.55%) of the outstanding 2018
Notes.  The Company will pay all holders of 2018 Notes accepted for
purchase in the tender offer $1,006.00 per $1,000 principal amount
of 2018 Notes validly tendered and accepted for purchase plus
accrued and unpaid interest to, but not including, the settlement
date, which is expected to be March 15, 2017.

The Company expects to fund the payment for the validly tendered
and accepted 2018 Notes with the net proceeds of previously
announced offering of $200.0 million aggregate principal amount of
senior notes due 2022, which was priced at par yesterday with a
coupon of 10.125%, together with available cash on hand and
borrowings under the Company's revolving credit facilities, if
needed.

The New Notes and the related subsidiary guarantees were offered
and sold in the United States to qualified institutional buyers in
an offering exempt from registration pursuant to Rule 144A under
the Securities Act of 1933, as amended, and to persons outside the
United States in compliance with Regulation S under the Securities
Act.  The New Notes and the related subsidiary guarantees have not
been registered under the Securities Act, or any state securities
laws, and unless so registered, may not be offered or sold in the
United States except pursuant to an exemption from, or in a
transaction not subject to, the registration requirements of the
Securities Act and applicable state securities laws.

Goldman, Sachs & Co. is acting as the dealer manager for the Tender
Offer.  The information agent and tender agent is Global Bondholder
Services Corporation. Questions regarding the Tender Offer should
be directed to Goldman, Sachs & Co. at (800) 828-3182.

                    About New Enterprise

New Enterprise Stone & Lime, Co., Inc., is a privately held,
vertically integrated construction materials supplier and
heavy/highway construction contractor in Pennsylvania and western
New York and a national traffic safety services and equipment
provider.

New Enterprise reported a net loss of $21.1 million for the year
ended Feb. 29, 2016, following a net loss of $62.5 million for the
year ended Feb. 28, 2015.  As of May 31, 2016, New Enterprise had
$656 million in total assets, $851 million in total liabilities and
a total deficit of $196 million.

                          *     *     *

As reported by the TCR on July 27, 2016, Moody's Investors Service
upgraded New Enterprise Stone & Lime Co., Inc.'s Corporate Family
Rating to B3 from Caa1.  The B3 Corporate Family Rating reflects
the company's modest scale, seasonality of its business, limited
geographic diversification, exposure to cyclical construction end
markets, concentration of business with Pennsylvania DOT, and high
financial leverage.

New Enterprise carries a 'B-' corporate credit rating from S&P
Global ratings.


NEW ENTERPRISE: Closes Offering of $200 Million Notes Due 2022
--------------------------------------------------------------
New Enterprise Stone & Lime Co., Inc., announced the closing of its
offering of $200.0 million aggregate principal amount of its
10.125% Senior Notes due 2022 in a private placement.

The Company also disclosed the settlement of its cash tender offer
to purchase any and all of its 11% Senior Notes due 2018.  The
Company repurchased approximately $196.47 million (or approximately
96.55%) of the outstanding Existing Notes for a purchase price of
$1,006.00 per $1,000 principal amount of Existing Notes plus
accrued and unpaid interest to, but not including, the settlement
date.  Following the settlement of the tender offer for the
Existing Notes, the Company issued an irrevocable notice of
redemption for all remaining Existing Notes and deposited funds
with the trustee sufficient to discharge the indenture governing
the Existing Notes.  The Company utilized the net proceeds of the
offering of the New Notes, together with cash on hand and
borrowings from its revolving credit facility, to pay the tender
offer purchase price and the redemption amount relating to the
Existing Notes.

Upon the completion of the notes offering and the settlement of the
tender offer, Paul I. Detwiler, III, the Company's president and
chief executive officer remarked, "I am extremely pleased with the
progress we have made over the past year.  With the refinancing of
the unsecured notes we have improved our capital structure for the
near term by successfully extending the maturity and reducing both
the principal and interest requirements of our debt.  We will
continue implementing our strategic plan, and we look forward to
finding additional opportunities to reduce our leverage and fixed
charge requirements."

The New Notes were offered in a private offering that is exempt
from the registration requirements of the Securities Act of 1933,
as amended, only to qualified institutional buyers in reliance on
Rule 144A under the Securities Act, and outside the United States,
only to non-U.S. investors pursuant to Regulation S.  The Notes
have not been 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 a transaction not
subject to the registration requirements of the Securities Act or
any state securities laws.

                       About New Enterprise

New Enterprise Stone & Lime, Co., Inc., is a privately held,
vertically integrated construction materials supplier and
heavy/highway construction contractor in Pennsylvania and western
New York and a national traffic safety services and equipment
provider.

New Enterprise reported a net loss of $21.1 million for the year
ended Feb. 29, 2016, following a net loss of $62.5 million for the
year ended Feb. 28, 2015.  As of May 31, 2016, New Enterprise had
$656 million in total assets, $851 million in total liabilities and
a total deficit of $196 million.

                          *     *     *

As reported by the TCR on July 27, 2016, Moody's Investors Service
upgraded New Enterprise Stone & Lime Co., Inc.'s Corporate Family
Rating to B3 from Caa1.  The B3 Corporate Family Rating reflects
the company's modest scale, seasonality of its business, limited
geographic diversification, exposure to cyclical construction end
markets, concentration of business with Pennsylvania DOT, and high
financial leverage.

New Enterprise carries a 'B-' corporate credit rating from S&P
Global ratings.


NEW YORK INTERNET: Hires Boulbol as Litigation Counsel
------------------------------------------------------
The New York Internet Co., Inc., seeks authority from the U.S.
Bankruptcy Court for the Southern District of New York to employ
Charles E. Boulbol, P.C. as special litigation counsel to the
Debtor.

Prior to the Petition Date, Boulbol served as counsel of record to
the Debtor in these matters: (i) John Hancock Life & Health
Insurance Company and John Hancock Life Insurance Company of New
York v. New York Internet Co., Inc. et al. (Civil Court of the City
of New York, New York County: Non-Housing Part 52, Index No.
81777/2016); and (ii) The New York Internet Company, Inc. v.
Jobdiva Incorporated (Supreme Court of the State of New York, New
York County, Index No. 656678/2016).

The New York Internet requires Boulbol to represent the Debtor in
the John Hancock, and Jobdiva Incorporated cases.

Boulbol will be paid at these hourly rates:

     Charles E. Boulbol               $350
     Thomas J. Lane                   $225

Boulbol holds a claim against the bankruptcy estates in the amount
of $2,872 for prepetition services rendered to the Debtor in
connection with the prepetition litigations.

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

Charles E. Boulbol, partner of Charles E. Boulbol, 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.

Boulbol can be reached at:

     Charles E. Boulbol, Esq.
     CHARLES E. BOULBOL, P.C.
     26 Broadway, 17th Floor
     New York, NY 10004
     Tel: (212) 825-9457
     Fax: (212) 825-9414

              About The New York Internet Co., Inc.

The New York Internet Co., Inc., based in New York, NY, filed a
Chapter 11 petition (Bankr. S.D.N.Y. Case No. 17-10326) on February
14, 2017.  The Debtor has engaged Tracy L. Klestadt, Esq., at
Klestadt Winters Jureller Southard & Stevens, LLP, to serve as
bankruptcy counsel, Charles E. Boulbol, P.C. as special litigation
counsel, and Poillucci & Kahan P.C. as accountant.

In its petition, the Debtor estimated $1 million to $10 million in
both assets and liabilities. The petition was signed by Phillip
Koblence, vice president and chief operating officer.


NEW YORK INTERNET: Hires Klestadt as Bankruptcy Counsel
-------------------------------------------------------
The New York Internet Co., Inc., seeks authority from the U.S.
Bankruptcy Court for the Southern District of New York to employ
Klestadt Winters Jureller Southard & Stevens, LLP as general
bankruptcy counsel to the Debtor.

The New York Internet requires Klestadt to:

   a. advise the Debtor with respect to its rights, powers and
      duties as debtor and debtor-in-possession in the continued
      management and operation of its business and assets;

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

   c. take all necessary action to protect and preserve the
      Debtor's estate, including prosecution of actions on behalf
      of the Debtor, the defense of any actions commenced against
      the estate, negotiations concerning litigation in which the
      Debtor may be involved and objections to claims filed
      against the estate;

   d. prepare on behalf of the Debtor such motions, applications,
      answers, orders, reports, and papers necessary to the
      administration of the estate;

   e. assist the Debtor in analysis and negotiations with any
      third party concerning matters related to the realization
      by creditors of a recovery on claims and other means of
      realizing value;

   f. represent the Debtor at all hearings and other proceedings;

   g. assist the Debtor in analysis of matters relating to the
      legal rights and obligations of the Debtor with respect to
      various agreements and applicable laws;

   h. review and analyze all applications, orders, statements,
      and schedules filed with the Court and advise the Debtor as
      to their propriety;

   i. assist the Debtor in preparing pleadings and applications
      as may be necessary in furtherance of the Debtor's
      interests and objectives;

   j. assist and advise the Debtor with regard to communications
      to the general creditor body regarding any proposed chapter
      11 plan or other significant matters in the chapter 11
      cases;

   k. assist the Debtor with respect to consideration by the
      Court of any disclosure statement or plan prepared or filed
      pursuant to Sections 1125 or 1121 of the Bankruptcy Code
      and taking any necessary action on behalf of the Debtors to
      obtain confirmation of such plan; and

   l. perform such other legal services as may be required and
      deemed to be in the interest of the Debtor in accordance
      with its powers and duties as set forth in the Bankruptcy
      Code.

Klestadt will be paid at these hourly rates:

     Partners                   $495-$695
     Associates                 $275-$395
     Paralegals

On February 14, 2017, Klestadt received an advance deposit retainer
from the Debtor in relation to the preparation of the bankruptcy
case in the amount of $51,717. After drawing against the retainer
funds for services rendered and expenses incurred through the
Petition Date, the sum of $45,809.00 remains as unapplied retainer
funds that Klestadt will maintain in connection with the bankruptcy
case.

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

Tracy L. Klestadt, partner of Klestadt Winters Jureller Southard &
Stevens, LLP, assured the Court that the firm is a "disinterested
person" as the term is defined in Section 101(14) of the Bankruptcy
Code and does not represent any interest adverse to the Debtor and
its estates.

Klestadt can be reached at:

     Tracy L. Klestadt, Esq.
     KLESTADT WINTERS JURELLER SOUTHARD & STEVENS, LLP
     200 West 41st Street, 17th Floor
     New York, NY 10036-7203
     Tel: (212) 972-3000
     Fax: (212) 972-2245

                About The New York Internet Co., Inc.

The New York Internet Co., Inc., based in New York, NY, filed a
Chapter 11 petition (Bankr. S.D.N.Y. Case No. 17-10326) on February
14, 2017. The Debtor has engaged Tracy L. Klestadt, Esq., at
Klestadt Winters Jureller Southard & Stevens, LLP, to serve as
bankruptcy counsel, Charles E. Boulbol, P.C. as special litigation
counsel, and Poillucci & Kahan P.C. as accountant.

In its petition, the Debtor estimated $1 million to $10 million in
both assets and liabilities. The petition was signed by Phillip
Koblence, vice president and chief operating officer.



NEW YORK INTERNET: Hires Poillucci as Accountant
------------------------------------------------
The New York Internet Co., Inc., seeks authority from the U.S.
Bankruptcy Court for the Southern District of New York to employ
Poillucci & Kahan P.C. as accountant to the Debtor.

The New York Internet requires Poillucci to:

   a. participate in meetings, whether in-person or
      telephonically, with the Debtor, and its counsel, as
      requested;

   b. monitor the Debtor's activities regarding cash expenditures
      and general business operations subsequent to the filing of
      the petition under Chapter 11;

   c. manage or assist with any investigating into the pre-
      petition acts, conduct, transfers, liabilities and
      financial condition of the Debtor, its management, or
      creditors, including the operation of the Debtor's
      businesses;

   d. assist in the preparation and reviewing the monthly
      operating report and other schedules, as required by the
      local rules of the Court, and the U.S. Trustee's
      guidelines;

   e. assist the Debtor and its counsel in any litigation
      proceedings against potential adversaries;

   f. reconstruct, if necessary, the Debtor's books and records
      prior to the Petition Date;

   g. assist the Debtor with the preparation and filing of
      outstanding federal, state and local tax returns;

   h. perform any other services that the Debtor may deem
      necessary in our role as accountants to the Debtor, or that
      may be requested by its counsel.

Poillucci will be paid at these hourly rates:

     Partner                      $285
     Tax Manager CPA              $200
     Senior CPA                   $150

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

Allen Kahan, partner of Poillucci & Kahan 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.

Poillucci can be reached at:

     Allen Kahan
     POILLUCCI & KAHAN P.C.
     99 Tulip Ave., Suite 308
     Floral Park, NY 11001
     Tel: (516) 326-2970

              About The New York Internet Co., Inc.

The New York Internet Co., Inc., based in New York, NY, filed a
Chapter 11 petition (Bankr. S.D.N.Y. Case No. 17-10326) on February
14, 2017.  The Debtor has engaged Tracy L. Klestadt, Esq., at
Klestadt Winters Jureller Southard & Stevens, LLP, to serve as
bankruptcy counsel, Charles E. Boulbol, P.C. as special litigation
counsel, and Poillucci & Kahan P.C. as accountant.

In its petition, the Debtor estimated $1 million to $10 million in
both assets and liabilities. The petition was signed by Phillip
Koblence, vice president and chief operating officer.



NEW YORK TIRE: Hires Olshan Frome as Attorney
---------------------------------------------
New York Tire Factory, Inc., seeks authority from the U.S.
Bankruptcy Court for the Eastern District of New York to employ
Olshan Frome Wolosky LLP as attorney to the Debtor.

New York Tire requires Olshan Frome to:

   a. advise the Debtor of its rights, powers and duties as a
      debtor and debtor in possession continuing to operate and
      to manage its business under chapter 11 of the Bankruptcy
      Code;

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

   c. advise the Debtor concerning, and preparing responses to,
      applications, motions, other pleadings, notices and other
      papers that may be filed by other parties in the chapter
      11 case;

   d. advise the Debtor with respect to, and assist in the
      negotiation and documentation of, financing agreements and
      related transactions;

   e. review the nature and validity of any liens asserted
      against the Debtor's property and advise the Debtor
      concerning the enforceability of such liens;

   f. advise the Debtor regarding its ability to initiate actions
      to collect and recover property for the benefit of its
      estate;

   g. advise and assist the Debtor in connection with any
      commercial transactions;

   h. advise and assist the Debtor in negotiations or
      communications with the Debtor's customers, equity holders
      and other stakeholders, and government regulatory bodies;

   i. advise the Debtor concerning executory contract
      assumptions, assignments and rejections;

   j. advise the Debtor in connection with the formulation,
      negotiation and effectuation of a chapter 11 sale process;

   k. advise the Debtor in connection with the formulation,
      negotiation and promulgation of a chapter 11 plan or plans,
      and related transactional documents;

   l. assist the Debtor in reviewing, estimating and resolving
      claims asserted against the Debtor's estate;

   m. commence and conduct litigation necessary and appropriate
      to assert rights held by the Debtor, protect assets of the
      Debtor's chapter 11 estate or otherwise further the goal of
      completing the Debtor's successful chapter 11 process, and
      to defend against any litigation brought against the
      Debtor; and

   n. perform all other necessary and appropriate legal services
      in connection with the chapter 11 case for or on behalf of
      the Debtor.

Olshan Frome will be paid at these hourly rates:

     Michael Fox, Partner              $730
     Lauren Irby, Associate            $360
     Associates                        $330-$540
     Legal Assistants                  $180-$340

During the year 2017, Olshan Frome provided restructuring and other
advice to the Debtor and assisted the Debtor in the preparation of
its chapter 11 filing. On account of such services, on February 13,
2017, Olshan Frome received $25,000 from the Debtor as an initial
advance on account of services rendered with regard to the Debtor's
restructuring. Against this advance and through February 28, 2017,
Olshan Frome has rendered bills totaling approximately $13,000 in
connection with the filing of the bankruptcy case. As a result
Olshan Frome has approximately $12,000 remaining as a chapter 11
retainer as of the Petition Date. Pursuant to its engagement, the
Debtor has agreed to advance a Supplemental Retainer of $20,000.

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

Michael Fox, partner of Olshan Frome Wolosky LLP, assured the Court
that the firm is a "disinterested person" as the term is defined in
Section 101(14) of the Bankruptcy Code and does not represent any
interest adverse to the Debtor and its estates.

Olshan Frome can be reached at:

     Michael S. Fox, Esq.
     Lauren B. Irby, Esq.
     Olshan Frome Wolosky LLP
     1325 Avenue of the Americas
     New York, NY 10019
     Tel: (212) 451-2300
     E-mail: mfox@olshanlaw.com
             lirby@olshanlaw.com

              About New York Tire Factory, Inc.

New York Tire Factory Inc., based in Farmingdale, NY, filed a
Chapter 11 petition (Bankr. E.D.N.Y. Case No. 17-71375) on March 8,
2017. The Hon. Alan S. Trust presides over the case. Michael Fox,
Esq., at Olshan Frome Wolosky, LLP, to serve as bankruptcy
counsel.

In its petition, the Debtor estimated $100,000 to $500,000 in
assets and $1 million to $10 million in liabilities. The petition
was signed by Richard Entel, president.


NICK STELLEY: Seeks to Hire Weinstein as New Legal Counsel
----------------------------------------------------------
Nick Stelly Welding, LLC seeks approval from the U.S. Bankruptcy
Court for the Western District of Louisiana to hire a new legal
counsel.

The Debtor proposes to hire Weinstein & St. Germain, LLC to give
legal advice regarding its duties under the Bankruptcy Code, and
provide other legal services related to its Chapter 11 case.  The
firm will replace H. Kent Aguillard, Esq.

The firm will charge $350 per hour for the services of its
attorneys.  The hourly rate for paralegals is $125.

Tom St. Germain, Esq., at Weinstein & St. Germain, disclosed in a
court filing that his firm does not represent any interest adverse
to the Debtor.

The firm can be reached through:

     Tom St. Germain, Esq.
     Weinstein & St. Germain, LLC
     1414 NE Evangeline Thrwy.
     Lafayette, LA 70501
     Phone: (337) 235-4001
     Fax: (337) 235-4020

                    About Nick Stelly Welding

Nick Stelly Welding, LLC, a company based in Rayne, Louisiana,
sought protection under Chapter 11 of the Bankruptcy Code (Bankr.
W.D. La. Case No. 17-50142) on February 9, 2017.  The petition was
signed by Nicholas Stelly, owner.  The case is assigned to Judge
Robert Summerhays.

At the time of the filing, the Debtor disclosed $1.78 million in
assets and $3.12 million in liabilities.

On March 10, 2017, the Office of the U.S. Trustee appointed an
official committee of unsecured creditors.


NORTH PHILADELPHIA: Patient Care Still Stable Amid Staff Resentment
-------------------------------------------------------------------
David N. Crapo, the appointed Patient Care Ombudsman for Northern
Philadelphia Health System (NPHS), has filed an Initial Report on
March 13, 2017, regarding the current performance of the Debtor.

The PCO reported that the existing structures and policies and
procedures of the Debtor reveal a mental and behavioral health
facility that continues to provide the same level of patient care
and safety it historically provided since before the Debtor's
December 30, 2017 bankruptcy. The PCO added that the level of the
patient care and safety are adequate and stable.

Based on the Report, the Debtor's senior management and clinical
staff emphasized in their interviews the dedication, attentiveness
and the hard work of staff members working directly with the
Debtor's patients. The loyalty of the Debtor'sstaff is underscored
by the long tenure of many staff members. The Report further noted
that even interviewees who were critical of Debtor's management and
operations emphasized the quality and attentiveness of the
clinical.

The Report also noted that, although the staff loyalty and
dedication remain strong, the morale of the staff has suffered as a
result of the uncertainty occasioned by the bankruptcy filing.
Recent negotiations to reduce wages and increase staff
contributions to their benefit plan have only further served to
negatively impact the morale. There has been some resentment that
the Debtor's nurses did not vote to accept reductions in salaries
and increased employee contribution to benefits, although that
resentment has not negatively impacted the quality of patient care.
Although the challenges currently faced by the Debtor have not
negatively impacted patient care and safety, negative impacts on
both are possible absent an expeditious resolution of the case.

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

     http://bankrupt.com/misc/paeb16-18931-242.pdf

                           About North Philadelphia Health System

North Philadelphia Health System, a Pennsylvania non-profit,
non-stock, non-member corporation, operates the Girard Medical
Center, a state-licensed 65-person private psychiatric hospital,
and the Goldman Clinic, a medically assisted treatment center
located Philadelphia, Pennsylvania.

North Philadelphia Health System sought protection under Chapter 11
of the Bankruptcy Code (Bankr. E.D. Pa. Case No. 16-18931) on
December 30, 2016. The petition was signed by George Walmsley III,
president & CEO.

The case is assigned to Judge Magdeline D. Coleman.

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

The Debtor have hired Dilworth Paxson LLP as counsel and Buzby &
Kutzler, Attorneys at Law as special counsel.

The Office of the U.S. Trustee on January 23, 201, appointed four
creditors of North Philadelphia Health System to serve on the
official committee of unsecured creditors.


NUVERRA ENVIRONMENTAL: Gates Capital Has 7.1% Stake as of Dec. 31
-----------------------------------------------------------------
In a Schedule 13G filed with the Securities and Exchange
Commission, Gates Capital Management, L.P., Gates Capital
Management GP, LLC, Gates Capital Management, Inc., and
Jeffrey L. Gates reported that as of Dec. 31, 2016, they
beneficially own 11,496,167 shares of common stock of
Nuverra Environmental Solutions, Inc., representing 7.1 percent of
the shares outstanding.  The percentage is based on 150,680,501
shares of Common Stock outstanding as of Oct. 31, 2016, as reported
on the Issuer's Form 10-Q for the quarterly period ended Sept. 30,
2016, filed with the SEC on Nov. 7, 2016, together with 11,496,167
shares of Common Stock that the Reporting Persons have the right to
obtain within 60 days, upon exercise of warrants of which they are
the record owners.  A full-text copy of the regulatory filing is
available for free at https://is.gd/jKXc31

                         About Nuverra

Nuverra Environmental Solutions, Inc. (OTCQB: NESC) provides
environmental solutions to customers focused on the development and
ongoing production of oil and natural gas from shale formations.
The Scottsdale, Arizona-based Company operates in shale basins
where customer exploration and production activities are
predominantly focused on shale and natural gas.

Nuverra reported a net loss attributable to common stockholders of
$195 million in 2015, a net loss attributable to common
stockholders of $516 million in 2014 and a net loss attributable to
common stockholders of $232 million in 2013.

As of Sept. 30, 2016, Nuverra had $388.3 million in total assets,
$496.3 million in total liabilities and a total shareholders'
deficit of $107.96 million.

KPMG LLP, in Phoenix, Arizona, issued a "going concern"
qualification on the consolidated financial statements for the year
ended Dec. 31, 2015, citing that the Company has incurred recurring
losses from operations and has limited cash resources, which raise
substantial doubt about its ability to continue as a going concern.


OCD LLC: Hires Reich as Bankruptcy Counsel
------------------------------------------
OCD, LLC, seeks authority from the U.S. Bankruptcy Court for the
Southern District of New York to employ Reich Reich & Reich, P.C.
as counsel to the Debtor.

OCD, LLC requires Reich to:

   a. give advice to the Debtor with respect to its powers and
      duties as debtor-in-possession in the management of its
      property;

   b. negotiate with the creditors of the Debtor in working out a
      plan of reorganization and to take the necessary legal
      steps in order to culminate the plan;

   c. prepare necessary petitions, answers, orders, reports and
      other legal papers;

   d. appear before the Bankruptcy Judge and to protect the
      interests of the Debtor before the Court, and to represent
      it in all matters pending before the Court; and

   e. perform such other legal services for the Debtor, that may
      be necessary in connection with the bankruptcy case.

Reich will be paid at these hourly rates:

     Attorney                 $300-$500
     Legal Assistant          $150

Reich received a pre-petition retainer in the amount of $1,800 from
the Debtor.

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

Jeffrey A. Reich, vice president of Reich Reich & Reich, 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.

Reich can be reached at:

     Jeffrey A. Reich, Esq.
     REICH REICH & REICH, P.C.
     235 Main Street, 4th Floor
     White Plains, NY 10601
     Tel: (914) 949-2126
     E-mail: jreich@reichpc.com

              About OCD, LLC

OCD, LLC, based in White Plains, NY, filed a Chapter 11 petition
(Bankr. S.D.N.Y. Case No. 17-22233) on February 15, 2017. The Hon.
Robert D. Drain presides over the case. Jeffrey A. Reich, Esq., at
Reich Reich & Reich, P.C., to serve as bankruptcy counsel.

In its petition, the Debtor estimated $10 million to $50 million in
assets and $1 million to $10 million in liabilities. The petition
was signed by Charles Dewey, co-managing member.



OMNICOMM SYSTEMS: Cornelis Wit Departing Post as CEO
----------------------------------------------------
Cornelis Wit, chief executive officer of OmniComm Systems, Inc., is
passing the CEO baton to Stephen Johnson, currently OmniComm's
president and chief operating officer, effective June 1, 2017.
Additionally, Randall Smith, OmniComm's founder, chairman of the
board and chief technology officer, will pass his position as CTO
to Keith Howells, who has been OmniComm's head of development for
the last six years.  Both Wit and Smith will remain involved in the
company, with Mr. Wit as executive chairman and Mr. Smith as
executive vice chairman at OmniComm Systems, a leading global
provider of clinical data management technology.

Effective June 1, 2017, Mr. Wit's services and time considerations
will be modified and reduced and his annual salary will also be
reduced to $160,000.  As executive chairman, Mr. Wit will continue
to report directly to the board of directors.

"After 15 years in the CEO position, we have gathered a very
talented group of people and a great management team.  During the
last few years, we have seen a strong increase in sales and
operating profits, and it is time to give the next generation of
OmniComm management the power to take the company to the next
level," Mr. Wit said.  As an early investor in OmniComm, he has
been a member of the Company's Board of Directors since November
1999, and CEO since June 2002.

"As we celebrate the 20th anniversary of OmniComm, I am grateful to
have spent two decades with this great company and very talented
staff, which includes industry thought leaders, sales
professionals, and global customer support specialists," said Mr.
Smith, who founded OmniComm in February 1997.  "I have a strong
sense of pride in the innovation and market share growth our team
has achieved in the last 20 years.  OmniComm is operationally sound
and well-positioned for future growth."

Mr. Smith, chairman of the board, has been an executive officer and
member of OmniComm's Board of Directors since 1997.  He served as
president and CTO from May 1997 until August 2000, and thereafter
as chairman and CTO.

Both Wit and Smith have been active in the selection and
development of their successors and will play important roles in
future growth and strategy.  Their successors, long-tenured
OmniComm team members, have deep roots in the Company and the
industry.

Mr. Johnson has served as OmniComm's president and COO since June
2010, and is responsible for providing effective leadership,
direction in planning, and oversight of all business development
and operations.  Previously, he served as COO and executive vice
president of business development.  Mr. Johnson joined OmniComm as
the senior vice president of business development in 2006. In that
early role, he was responsible for global sales/marketing and
client services/support.  Prior to joining OmniComm, he spent seven
years managing business development for the Oracle Clinical
Applications group for the East Coast.  He has more than 20 years
of industry experience specific to clinical trials and electronic
data capture (EDC), having held various positions of increasing
responsibility for Oracle, PHT Corp., Clinical Data Solution and
Pfizer Pharmaceuticals.

Mr. Howells joined OmniComm in January 2011, with responsibility
for the development and innovation of the Company's products.  Mr.
Howells has more than 20 years of experience in designing, building
and implementing clinical research applications, including five
years as the head of development for Oracle's pharmaceutical
application suite and five years as the head of development for
Medidata Solutions.  In those positions, his responsibilities
included development of applications for clinical data management,
EDC, medical dictionary coding, safety, trial planning and trial
budgeting.

Additionally, the succession will include the following promotions
within OmniComm:

   * John Fontenault, senior vice president of operations, has
     been promoted to chief operating officer (COO).
   
   * Kuno van der Post, senior vice president of business
     development, has been promoted to chief commercial officer
    (CCO).
   
   * Ken Light, executive vice president of professional services,

     has been promoted to executive vice president of corporate
     strategy.

All of the management changes will be effective June 1, 2017.

           Employment Agreement with Thomas Vickers

On March 14, 2017, the Company entered into an employment agreement
with Thomas E. Vickers, the Company's chief financial officer
(principal financial officer of the Company), to continue to serve
as the Company's chief financial officer.  Mr. Vickers has
heretofore served the Company without written agreement.  The
employment agreement is for an initial term of three (3) years
commencing on March 14, 2017, and will automatically renew for
successive one year terms unless the employment agreement is
expressly cancelled by either Mr. Vickers or the Company 60 days
prior to the end of the then current term.  Under the terms of the
employment agreement, Mr. Vickers receives an annual salary of
$272,000, which may be increased from time to time with the
approval of the board of directors.  In addition, Mr. Vickers is
eligible to receive an annual bonus, and is entitled to participate
in the Company's employee benefit plans and programs applicable to
employees and executives.  The employment agreement contains
certain rights of Mr. Vickers and the Company to terminate Mr.
Vickers' employment, including a termination by the Company for
"Cause" as defined in the employment agreement, and termination by
Mr. Vickers for "Good Reason" as defined in the employment
agreement.

Mr. Vickers is also entitled to severance pay equal to 12 months of
Mr. Vickers' current base salary and benefits in the event of his
termination by the Company or non-renewal of contract by the
Company for any reason other than "Cause", or termination by Mr.
Vickers for "Good Reason", or upon termination of Executive's
employment pursuant to Disability as defined in the employment
agreement.  The employment agreement contains non-disclosure
provisions as well as a one year non-compete following the
termination of the agreement.

        Amendment to with Randall Smith Employment Pact

On March 14, 2017, the Company and Randall G. Smith, the Company's
chief technology officer and chairman of the board of directors,
entered into an amendment to the employment agreement with Mr.
Smith to increase the amount of severance pay in the event of his
termination as described in the employment agreement from an amount
equal to six months' salary and benefits to an amount equal to
twelve months' salary and benefits.

                     About OmniComm Systems

Ft. Lauderdale, Fla.-based OmniComm Systems, Inc., is a healthcare
technology company that provides Web-based electronic data capture
("EDC") solutions and related value-added services to
pharmaceutical and biotech companies, clinical research
organizations, and other clinical trial sponsors principally
located in the United States and Europe.  For more information,
visit omnicomm.com

OmniComm reported net income attributable to common stockholders of
$2.40 million on $20.7 million of total revenues for the year ended
Dec. 31, 2015, compared to a net loss attributable to common
stockholders of $4.66 million on $16.5 million of total revenues
for the year ended Dec. 31, 2014.

As of Sept. 30, 2016, OmniComm Systems had $7.36 million in total
assets, $30.76 million in total liabilities and a total
shareholders' deficit of $23.40 million.


ON CALL FLAGGING: Taps Samuel G. White as Accountant
----------------------------------------------------
On Call Flagging, Inc. seeks approval from the U.S. Bankruptcy
Court for the Western District of Pennsylvania to hire an
accountant.

The Debtor proposes to hire Samuel G. White, CPA, LLC to prepare
and file its annual tax returns.  The firm will charge the Debtor
an hourly rate of $120 for services provided by certified public
accountants, and $75 for staff accountants.

Samuel White, a certified public accountant, disclosed in a court
filing that he has no connection with the Debtor or any of its
creditors.

The firm can be reached through:

     Samuel G. White
     Samuel G. White, CPA, LLC
     104 S. Center Street, Suite 213
     Ebensburg, PA 15931
     Phone: (814) 472-5370

                     About On Call Flagging

On Call Flagging, Inc., based in Belsano, PA, filed a Chapter 11
petition (Bankr. M.D. Pa. Case No. 16-70758) on Nov. 2, 2016.  The
petition was signed by Kathleen Jennings, president.  In its
petition, the Debtor estimated $1 million to $10 million in both
assets and liabilities.  

Judge Jeffery A. Deller presides over the case.  James R. Walsh, at
Spence Custer Saylor Wolfe & Rose, LLC, serves as bankruptcy
counsel.

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


ONTARIO CENTURY: Century Tower Buying Chicago Condo Unit for $380K
------------------------------------------------------------------
Judge Timothy A. Barnes of the U.S. Bankruptcy Court for the
Northern District of Illinois will convene a hearing on March 21,
2017, at 10:30 a.m., to consider Ontario Century Property, LLC's
sale of commercial condominium unit #200 located at 182 West Lake
Street, Chicago, Illinois, to Century Tower Private Residences
Condominium Association for $381,317.

At the date of filing, the Debtor was the record title owner of the
Commercial Unit and three residential condominium units #304, #311
and #404, ("Residential Units") located at 182 West Lake Street,
Chicago, Illinois.

On Jan. 13, 2016, an order was entered authorizing the Debtor to
employ Daniel J. Hyman and Millenium Properties R/E to list and
market for sale the Commercial Unit.  On March 22, 2016, an order
was entered authorizing the Debtor to employ Hyman and Millenium to
list and market for sale the Residential Units.  On March 22, 2016,
an order was entered setting May 31, 2016, as the bar date for the
filing of claims against the Debtor.

On July 13, 2016, an order was entered authorizing the Debtor to
sell the Residential Units to Anthony Ferro in the gross amount of
$315,000.  Pursuant to the order, usual and customary closing
costs, legal fees and commissions due Hyman and Millenium were
authorized to be paid at closing and the remaining net sales
proceeds were held by escrowee, Chicago Title and Trust Co. ("CTT")
pursuant to further order of Court.

On Sept. 13, 2016, an order was entered authorizing CTT to make
disbursements of the net sales proceeds to the following: (i)
Hoogendoorn Talbot, LLP (secured creditor) - $13,478; (ii) U.S.
Trustee (accrued quarterly fees) - $2,925; and (iii) Association
(secured creditor) $252,808.

On Dec. 12, 2016, an order was entered authorizing Hyman and
Millenium to conduct an auction sale of the Commercial Unit with
reserve price of $815,000.  The reserve price was set in
anticipation of selling the Commercial Unit in an amount which
would have paid all creditors in full.  The claims register reveals
the following claims: (i) Association - $503,938; (ii) Natel
Matschulat - $15,000; (iii) Hoogendoorn Talbot, LLP - $13,479; (iv)
Karl T. Muth - $706,871; and Humberto Alfonso - $399,556.

In addition to the claims filed, the Debtor scheduled claims on
Schedules D, as follows, which claims were not scheduled as
disputed: (i) Murphy Hourihane - $20,000; (ii) Cook County
Treasurer - $64,547; (iii) Commonwealth Edison - $72; and (iv)
Novack Macey, LLP - 50,000.

In order to set the reserve price for the auction sale, in addition
to the pre-petition claims remaining unpaid after disbursement of
the sales proceeds of the Residential Units, included in the
reserve price was approximately $309,246 in unpaid real estate
taxes, $174,652 in post-petition assessments due the Association,
$30,000 for the Association's attorneys' fees, $10,000 for Debtor's
counsel's fees, and $4,875 for quarterly fees due the U.S.
Trustee.

No bid at the auction was received for the Commercial Unit and the
Debtor's counsel instructed Hyman and Millenium to contact those
parties who had expressed an interest in the Commercial Unit to see
if any of those parties would submit written offer.

One written offer was subsequently received, but the offer would
have required the Association to accept less than the amount of its
claim secured by the Commercial Unit.  Thereafter, the Debtor
received an offer from the Association to purchase the Commercial
Unit by credit bidding the amount of its claim.  The amount of the
credit bid to the Debtor is $381,317.  In addition, the offer is
subject to outstanding real estate taxes owed on the Commercial
Unit in the approximate amount, as of Nov. 29, 2016, of $309,246.
Alternatively, at the Association's sole option, the Association
may choose to pay the taxes at closing in which event the sale will
be free and clear of all liens, claims and encumbrances.

Further, the offer of the Association includes payment of the
following:

          a. Usual and customary closing costs including, but not
limited to, title charges, recording fees and transfer taxes;

          b. Payment to Howard Teplinsky, previously retained
special counsel, to review closing documents to be prepared by the
Association's attorneys in the amount of $1,000 for fees and
reimbursement of expenses in the amount of $500;

          c. Payment to Daniel Hyman and Millenium Properties of
$5,000 as reimbursement of marketing expenses incurred in
connection with the attempted auction sale of the Commercial Unit;

          d. Payment to Debtor's counsel of 10,000 for services
rendered to the Chapter 11 estate;

          e. Payment to the U.S. Trustee as and for quarterly fees
in the approximate amount of $4,850, as of Nov. 29, 2016; and

          f. Payment to unsecured creditors in the amount of 10% of
the allowed claims.

The Association's attorneys have been advised by CTT that the
unpaid real estate taxes will be sold on April 3, 2017.  Therefore,
it is critical to close the transaction on March 28, 2017, so as to
afford the Association time to obtain an estimate of redemption and
pay the outstanding real estate taxes and avoid further delay in
obtaining clear title to the Commercial Unit.  In addition, if the
case is not dismissed prior to April 1, 2017, the Debtor will
accrue further administrative expenses consisting of quarterly fees
due the U.S. Trustee.

                 About Ontario Century Property

Ontario Century Property, LLC, sought Chapter 11 protection
(Bankr. N.D. Ill. Case No. 15-34713) on Oct. 13, 2015.  At the
date
of filing, the Debtor was the recorded title owner of one
commercial
condominium unit and three residential condominium units.  

The Debtor estimated assets of $0 to $50,000 and $500,001 to $1
million in liabilities.

Joel A. Schechter, Esq., at Law Offices of Joel Schechterm, serves
as the Debtor's counsel.


P & G FITTING: April 7 Disclosure Statement Hearing
---------------------------------------------------
The hearing to consider approval of the disclosure statement
explaining P & G Fitting, Inc.'s Chapter 11 plan will be held on
April 7, 2017, at 10:30 A.M.

The last date to file and serve written objections to the
Disclosure Statement is fixed as April 4.

The Troubled Company Reporter previously reported that the Debtor's
Plan provides that it will pay the Secured Tax Claims of the IRS in
full with interest. The amount owed to the Internal Revenue Service
is $3,736.87.  The Plan also provides that by agreement, it owes
nothing to its general unsecured tax claimants.

Funding of the Plan will be from the income of the Debtor's
continued business operations.

The Disclosure Statement is available at:

       http://bankrupt.com/misc/pawb16-23033-51.pdf

                 About P & G Fittings

P & G Fittings, Inc., sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. W.D. Pa. Case No. 16-23033) on August 17,
2016.  The petition was signed by Paul Marshall, president.

The Debtor is represented by Francis E. Corbett, Esq.

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


PANDA TEMPLE: S&P Lowers Rating on Sr. Secured Debt to 'CCC+'
-------------------------------------------------------------
S&P Global Ratings said it lowered its ratings on Panda Temple
Power LLC's senior secured debt to 'CCC+' from 'B-'.  The outlook
is negative.  S&P's '3' recovery rating on the senior secured debt
is unchanged, indicating its expectation for meaningful (50%-70%;
rounded estimate: 55%) recovery if a default occurs.

"The negative outlook reflects our view that wholesale power prices
in ERCOT are unlikely to improve in the near term and that the
project would continue facing challenges in meeting its financial
covenant.  We expect a debt service coverage ratio of about 1x over
the next 12 months," said S&P Global Ratings credit analyst Tony
Mok.

S&P would lower the ratings further if it believes that the overall
liquidity position is weakening and/or a default appears to be
likely within one year, absent improvements in the market.

S&P could raise the ratings or revise the outlook if the project
could reduce its merchant risk exposure by entering into new
hedging agreements or long-term power contracts with creditworthy
counterparties in order to improve the visibility of future cash
flows.  S&P could also consider positive rating action if it
believes there is an improvement in the ERCOT market that would
immediately support higher power prices for an extended period of
time, perhaps due to the retirement of coal assets or low reserve
margins.



PATRIOT ONE: Court Extends Plan Filing Deadline Thru May 23
-----------------------------------------------------------
Judge Taddonio granted Patriot One, Inc.'s request, extending the
Debtor's exclusive right to file a plan through May 23, 2017.

As previously reported by The Troubled Company Reporter, the Debtor
said it requires additional time in its attempt to resolve disputes
regarding the claims of various creditors, including whether
certain creditors have Administrative Claims. The Debtor also
contended that resolution of these disputes, either through
litigation or settlement, will materially affect its plan of
reorganization.

                        About Patriot One, Inc.

Patriot One, Inc. filed Chapter 11 bankruptcy petition (Bankr. W.D.
Pa. Case No. 16-23160) on August 26, 2016.  The Petition was signed
by David W. Yurkovich, Jr., President.  At the time of filing, the
Debtor had less than $50,000 in estimated assets and $500,000 to $1
million in estimated liabilities.

The Debtor is represented by Robert O Lampl, Esq. at Robert O
Lampl, Attorney at Law. The Debtor tapped David Manes, Esq. at
Kraemer, Manes & Associates LLC as its a special counsel.

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


PATRIOT SOLAR: Huntington National Agrees to Cash Use Thru July 31
------------------------------------------------------------------
Patriot Solar Group, LLC, asks the U.S. Bankruptcy Court for the
Western District of Michigan for approval of its Stipulation with
The Huntington National Bank regarding the Debtor's use of cash
collateral.

The Debtor acknowledges and agrees that Huntington National is owed
approximately $947,000 on Note 1 and approximately $260,000 on Note
2, secured by all of the assets of the Debtor, including its cash
collateral.

Huntington National acknowledges that the Debtor is in need of the
use of cash collateral to preserve the value of the estate and to
operate its business affairs.  Accordingly, Huntington National
authorizes the Debtor to use cash collateral through July 31, 2017
for necessary operating expenses and payment of administrative
expenses.

The Debtor will provide adequate protection with respect to its
indebtedness to Huntington National, in the form of:

      (a) monthly payment to Huntington National in the amount of
$17,500 beginning on April 1, 2017;

      (b) the proceeds of any sale by the Debtor of any property
subject to liens held by Huntington National (other than sales of
inventory in the ordinary course of business) will be paid to
Huntington National for application to the indebtedness;

      (c) continuing and replacement security interests and liens
in all of the Debtor's postpetition property;

      (d) financial information and information relating to the
collateral, pursuant to which it is anticipated Huntington National
will receive from the Debtor:

            (1) accounts receivable aging;
            (2) profit and loss statements;
            (3) payables aging;
            (4) such other reports and documents as are required to
be filed with the Office of the U.S. Trustee; and
            (5) proof of timely payment of taxes and insurance
payments required to be paid under the terms of the Court's
definitive order; and

      (e) access to Debtor's premises, books and records for the
purpose of examining and auditing collateral, books, records and
other financial data of Debtors and making copies thereof.

Each of the following events will constitute an event of default:

      (a) An order dismissing the Debtor's case, converting the
Debtor's case to a proceeding under Chapter 7 of the Code,
appointment of a Trustee, whether under Chapter 11 or Chapter 7,
appointment of an examiner or termination of the authority of the
Debtor to conduct business;

      (b) A material violation by Debtor of any one or more of the
Debtor's covenants or representations contained in the
Stipulation;

      (c) A material violation by Debtor of any other provision of
the Stipulation; and

      (d) Failure to make timely payment of any amounts due to be
paid to Huntington National pursuant to the Stipulation and Order.

The Parties further agree that the value of the cash collateral and
inventory is $800,000, and diminution will exist if such value
reaches at or below $700,000 as of the end of a calendar month. The
Debtor will provide the information to make the diminution
calculation.  

A full-text copy of the Cash Collateral Stipulation, dated March 9,
2017, is available at https://is.gd/Vnh4w0

Attorneys for The Huntington National Bank:

          David E. Bevins, Esq.
          RHOADES McKEE, P.C.
          55 Campau N.W., Suite 300
          Grand Rapids, MI 49503
          Telephone: (616) 235-3500

                     About Patriot Solar Group

Patriot Solar Group, LLC, doing business as Patriot Solar, filed a
Chapter 11 petition (Bankr. W.D. Mich. Case No. 17-00984), on March
6, 2017.  The petition was signed by Jeffery J. Mathie, manager.
The case is assigned to Judge John T. Gregg.  The Debtor is
represented by Cody H. Knight, Esq. at Rayman & Knight.  At the
time of filing, the Debtor had both assets and liabilities
estimated to be between $1 million to $10 million.

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


PATRIOT SOLAR: Seeks Authorization to Use Cash Collateral
---------------------------------------------------------
Patriot Solar Group, LLC, doing business as Patriot Solar, seeks
authorization from the U.S. Bankruptcy Court for the Western
District of Michigan to use cash collateral in the ordinary course
of its business.

The Debtor tells the Court that it has immediate need for use of
cash collateral to continue its business operations, purchase
material, meet its payroll and other necessary, ordinary course
business expenditures in order to preserve the value of its estate
for the benefit of all its creditors. The Debtor anticipates that
will operate at a profit throughout the year.

The proposed Budget covering the period from March 6, 2017 through
June 26, 2017 contains projected monthly operating expenses of
$50,232 necessary to be paid to avoid irreparable harm to the
estate.

The Debtor believes that the only secured creditor having a lien in
its cash collateral is The Huntington National Bank. Huntington
National is owed a total of approximately $1,192,000, secured by
all of the assets of the Debtor, including a mortgage on the
property known as 1007 Industrial Avenue in Albion, MI.

As such, the Debtor offers to provide Huntington National
continuing and replacement security and liens in all of the
Debtor's post-petition property, in the same rank, validity and
priority as existed pre-petition. The Debtor also offers to make
monthly payment to Huntington National in the amount of $15,000.

A full-text copy of the Debtor's Motion, dated March 7, 2017, is
available at https://is.gd/5nmVWY

                  About Patriot Solar Group, LLC

Patriot Solar Group, LLC dba Patriot Solar filed a Chapter 11
petition (Bankr. W.D. Mich. Case No. 17-00984), on March 6, 2017.
The Petition was signed by Jeffery J. Mathie, manager. The case is
assigned to Judge John T. Gregg. The Debtor is represented by Cody
H. Knight, Esq. at Rayman & Knight. At the time of filing, the
Debtor had both assets and liabilities estimated to be between $1
million to $10 million.

No official committee of unsecured creditors has been appointed and
no Trustee or examiner has been appointed in the Debtor's case.


PAWS AND CLAWS: Seeks Extension of Plan Filing Through May 15
-------------------------------------------------------------
Paws and Claws Pet Inn, LLC asks the U.S. Bankruptcy Court for the
District of North Carolina to extend the exclusive time by which it
must file a Chapter 11 plan through May 15, 2017, and the
exclsusive time by which it must solicit acceptances of that plan
through July 14, 2017.

The Debtor is the owner of a property in Rougemont, which is the
principal asset of the estate. There is presently a tenant in the
property who is paying monthly rent.

The Debtor intends to propose a liquidating plan that would involve
the sale of substantially all of the assets in the estate.

The tenant has indicated her intention to make an offer to purchase
the assets of the estate, and there have been discussions about the
tenant serving as the stalking horse bidder in an auction pursuant
to section 363 of the Bankruptcy Code.

The Debtor says a delay of 60 days would allow time for the tenant
to make her bid and for the Debtor to establish procedures for a
sale.

Thus, the Debtor maintains that its request for an exclusivity
extension is warranted.

          About Paws and Claws Pet Inn, LLC

Paws and Claws Pet Inn, LLC, filed a Chapter 11 petition (Bankr.
M.D. N.C. Case No. 16-81010) on November 14, 2016.  The Petition
was signed by Patricia R. Williford, Member/Manager. At the time of
filing, the Debtor had $500,000 to $1 million in estimated assets
and $100,000 to $500,000 in estimated liabilities.

The Debtor is represented by James C. White, Esq. at the law office
of Parry Tyndall White.  The Debtor tapped Donna Ray Berkelhammer,
Esq., at Berkelhammer Law PC, dba Legal Direction as special
counsel.


PHARMACOGENETICS DIAGNOSTIC: Allowed to Use Cash Thru April 30
--------------------------------------------------------------
The U.S. Bankruptcy Court for the Western District of Kentucky
authorized Pharmacogenetics Diagnostic Laboratory, LLC to continue
using cash collateral through April 30, 2017.

The Debtor was authorized to use cash collateral solely to pay
normal trade payables, payroll, insurance premiums, taxes and
utilities that are necessary to preserve and maintain the assets
and business operations of the Debtor as set forth in the Budget.

The approved Budget for the period covering March 10 to April 28,
2017 reflects total operating disbursements in the aggregate sum of
$160,939.

Among other things, the Debtor was directed to:

   (a) timely make all adequate protection payments to Stock Yards
Bank;

   (b) provide Stock Yards Bank a report detailing the uses of cash
by the Debtor for the prior week and an aging of all accounts
receivable by customer; and

   (c) maintain adequate insurance on its assets including general
liability coverage naming Stock Yards Bank as a lender's loss
payee.

As adequate protection for its claims of security for the use of
cash collateral by the Debtor, Stock Yards Bank & Trust Company was
granted security interest in the following:

   (a) A continued security interest in and to all prepetition
accounts receivable of the Debtor.

   (b) A first priority security interest to the same extent,
validity, and priority as its prepetition security interest in and
to all post-petition accounts receivable of the Debtor in
possession and proceeds thereof, which will be senior to any liens
granted to Dr. Roland Valdes to secure debtor in possession
financing.

   (c) A first priority security interest to the same extent,
validity, and priority as its prepetition interest in the inventory
of the Debtor and the Debtor in possession and the proceeds
thereof, which will be senior to any liens granted to Dr. Roland
Valdes to secure debtor in possession financing.

In addition, Stock Yards Bankwas granted  an administrative expense
claim, having priority over any and all other administrative
expense, other than fees payable to the U.S. Trustee and the
Debtor's counsel, Proposed Accountant, and any Official Creditors'
Committee in an amount not to exceed $125,000.

A full-text copy of the Fourth Agreed Order, dated March 9, 2017,
is available at https://is.gd/Bh6Gvj

                    About Pharmacogenetics Diagnostic

Pharmacogenetics Diagnostic Laboratory, LLC, d/b/a PGXL
Laboratories d/b/a PGX Laboratories, filed a Chapter 11 petition
(Bankr. W.D. Ky. Case No. 16-33404) on Nov. 8, 2016.  The petition
was signed by Dr. Roland Valdes, Jr., president/CEO.  The case is
assigned to Judge Thomas H. Fulton.  The Debtor estimated assets at
$500,000 to $1 million, and liabilities at $10 million to $50
million at the time of the filing.

The Debtor's bankruptcy attorney is Charity Bird Neukomm, Esq., at
Kaplan & Partners LLP.  
The Debtor tapped Kathie McDonald-McClure, Esq. of Wyatt, Tarrant &
Combs, LLP as special counsel in matters relating to intellectual
property and to a post-payment Medicare audit.  The Debtor also
engaged Robert L. Brown, Esq. at Bingham Greenebaum Doll LLP as
special counsel regarding corporate matters.

The Debtor hired William G. Meyer III and Strothman and Company as
accountant.


PIONEER ENERGY: S&P Affirms 'B-' Corp. Credit Rating
----------------------------------------------------
S&P Global Ratings affirmed its 'B-' corporate credit rating on
Pioneer Energy Services Corp.  The outlook is negative.

At the same time, S&P affirmed the 'B-' issue-level rating on the
company's senior unsecured debt.  The recovery rating remains '4',
indicating S&P's expectation of average (30%-50%; rounded estimate:
40%) recovery in the event of default.

"Our rating affirmation follows Pioneer's recently announced growth
guidance for the first quarter of 2017 along with year-end 2016
earnings," said S&P Global Ratings credit analyst Aaron McLean.

The company has seen a marked improvement in activity in both its
drilling services and production services segments from the first
half of 2016 heading into 2017.  With oil prices stabilizing around
$50 per barrel after OPEC's November 2016 decision to cut output,
the number of active working oil and gas drilling rigs in the U.S.
has steadily increased, especially in low-cost areas like the
Permian Basin in Texas and the Marcellus/Utica basins of Appalachia
where Pioneer has a sizable footprint.  The company has guided
toward 25% to 30% growth in revenue for its production services
segment quarter-over-quarter from the fourth quarter of 2016 to the
first quarter of 2017 and S&P expects its domestic rig fleet of 16
rigs to reach 100% utilization during the second quarter of 2017.
However, coming off historical lows in 2016, S&P expects leverage
measures to recover slowly and remain elevated in 2017 before
improving to levels more appropriate for the rating in 2018 as the
number of active rigs in the U.S grows modestly.  If the company's
business activity failed to sustain its positive momentum, or if
margin improvement does not materialize, leverage measures could
remain at levels S&P considers unsustainable in 2018.  Under such a
scenario, S&P could consider lowering the rating.

The negative outlook reflects S&P's view that leverage measures
will remain elevated for the rating in 2017 with FFO to debt below
8%.

S&P would consider a downgrade if the company's operating
performance deteriorates such that leverage measures become
unsustainable in S&P's view or liquidity becomes less than
adequate.  Such a scenario would likely occur if drilling activity
contracted or if margin improvements failed to materialize.

S&P could revise the outlook to stable if liquidity remains
adequate and leverage measures showed sustained improvement towards
12% FFO to debt. Such a scenario could occur if market conditions
improve such that drilling activity increases beyond S&P's current
expectations.



PLAINS END: Fitch Affirms BB Sr. Secured Bonds Rating
-----------------------------------------------------
Fitch Ratings has affirmed Plains End Financing LLC's senior
secured bonds at 'BB' and subordinated secured bonds at 'B+'. The
Rating Outlook for all bonds is Stable.

KEY RATING DRIVERS

Summary: The ratings reflect continued strong operations and a
stabilized cost profile. The project also benefits from a
fixed-price tolling agreement with an investment-grade
counterparty. However, intermittent dispatch and operating costs
above the original projections have reduced cash flows, resulting
in an average rating case debt service coverage ratio (DSCR) of
1.34x for the senior notes. Additionally, the junior note's
two-notch rating difference reflects potential refinance risk which
is further compounded by its structural subordination, with an
average rating case consolidated DSCR of 1.08x.

Revenue Risk - Midrange
Stable Contracted Revenues: The project benefits from stable and
predictable revenues under two 20-year fixed-price power purchase
agreements (PPAs) with a strong utility counterparty, Public
Service Company of Colorado (PSCo, rated 'A-'/Stable). Under the
tolling-style agreements, Plains End I (PEI) and Plains End II
(PEII) receive capacity payments that account for approximately 86%
of consolidated revenues. However, energy margins may not
sufficiently fund accelerated overhaul expenses as a result of
increased dispatch.

Supply Risk - Stronger
Low Supply Risk: The PPAs with PSCo are tolling-style agreements.
Under the contracts, all variable fuel expenses are passed through
to PSCo, subject to heat-rate adjustments. The contracts represent
a stronger attribute that limits the fuel supply risk to the
project.

Operation Risk - Midrange
Operational Stability Mitigates Cost Increase: The project was
designed to provide backup generation for nearby wind projects due
to the intermittency of wind resources. The project faces
accelerated major maintenance and less than full recovery of
variable expenses when the project is dispatched at a rate higher
than anticipated. Dispatch has decreased from the 2008 high;
however, the project is still susceptible to decreased cash flow
from accelerated major maintenance. This risk is partially
mitigated by strong availability and a stabilized cost profile.

Debt Structure - Midrange (Senior), Weaker (Subordinate)
Refinance Risk Poses Threat for Subordinated Debt: While the senior
debt benefits from a typical project finance structure, the 'B+'
rating on the subordinate notes reflects the potential for
refinance risk in 2023 if the project is unable to meet target
amortization amounts. Under the Fitch rating case, which
demonstrates the effect of reduced cash flow to the subordinate
tranche, there is still sufficient cushion to repay the sub notes
by 2023. If the project is only able to meet the minimum
amortization payments, however, there would be a balloon in 2023
for the outstanding amount. The project has met all target
amortization to date.

Consistent Financial Metrics: Historical average coverage ratios
have remained consistent with Fitch's rating case metrics. The
budgeted 2017 DSCRs for both senior and consolidated debt fall in
line with current projections under Fitch's rating case, which
incorporates increased dispatch to accelerate costs as well as a 5%
increase in operating costs and a 10% increase for major
maintenance. Under this scenario, the average senior DSCR is 1.34x
with a minimum of 0.85x during the final year, and consolidated
DSCRs average 1.08x with a minimum of 1.00x.

PEER GROUP

Peers include Mackinaw Power, LLC (rated 'BBB-'/Stable) and CE
Generation, LLC (rated 'BB-'/Stable). Mackinaw is a portfolio of
natural gas-fired projects that also operate under tolling
agreements, but benefit from adequate cost recovery from higher
dispatch. Mackinaw holds a higher rating case DSCR of 1.43x
resulting in a higher rating. CE Generation is a portfolio of
geothermal projects, but is comparable to Plains End's subordinated
notes as CE Generation's cash flow is reliant on distributions from
projects that include structurally senior project level debt.
Projected DSCRs for CE Generation are near breakeven over the near
term which is consistent with that of Plains End's subordinate
debt, but the higher rating incorporates Fitch's expectation that
CE Generation's parent will continue to provide equity support to
maintain their rating.

RATING SENSITIVITIES

Negative: Sustained increased dispatch that accelerates major
maintenance and negatively impacts cash flow and financial metrics
below rating case expectations could lead to a negative rating
action.

Positive: Improvements in cost savings or structural revenue
enhancements resulting in coverages above base case expectations
could result in a positive rating action.

Performance Update

Operating performance was favorable in 2016. Overall dispatch was
low at 1.2% due to the higher availability of the nearby wind
projects (also owned by PSCo), for which Plains End acts as a
backup peaking plant. As a result, energy revenues, which
represented less than 0.5% of total revenues, were subsequently
reduced. Plant availability, however, remained high at 99.9% and
capacity payments, the project's largest source of income, remained
stable at about 88% of total revenues. This scenario is favorable,
with the project benefitting from a low capacity factor, as
sustained increases in dispatch and resulting energy sales would
not fully compensate for the rise in associated maintenance costs.


Revenues were generally stable as capacity payments exceeded
budget, but were slightly offset by the lower energy payments.
Operating expenses normalized, falling 22% from the previous year,
and were below budget due to lower than expected O&M costs and
property taxes. As a result, Fitch-calculated senior DSCR grew to
1.35x (compared to 1.10x in 2015), and 1.12x on a consolidated
basis (compared to 0.91x in 2015).

PEII will undergo major maintenance for engine overhauls beginning
this year, which are completely covered under its long-term service
agreement (LTSA) with engine manufacturer Wartsila. PEII is
expecting 12,000-hour outages over three engines in 2017, and
16,000-hour outages from 2019 through 2021. The ability to swap out
engines during the overhaul should help to reduce the impact to
availability. There are no major overhauls expected for PEI through
2021 due to its low dispatch.

Fitch Cases

Fitch's base case assumes a forced outage rate of 0.8%, 99.2%
availability, an average heat rate of 9,032 Btu/kWh, consolidated
capacity factor of 9.99%, and a 2.5% cost escalator. The resulting
profile produces an average consolidated DSCR of 1.12x and a
minimum of 1.05x.

Fitch's rating case assumes a forced outage rate of 1%, 99%
availability, consolidated capacity factor of 11.99%, and elevated
costs 6% above the base case. Major maintenance reserve deposits
are also elevated. The resulting profile produces an average
consolidated DSCR of 1.08x and a minimum of 1.00x.

Asset Description

Plains End consists of two peaking facilities located in Arvada,
Jefferson County, Colorado with a combined capacity of 228.6MW,
used primarily as a back-up for wind generation, as well as other
generation sources. The project is indirectly owned by Tyr Energy
(50%), John Hancock (35%) and Prudential (15%). Combined cash flows
from both plants service the obligations under the two bond
issues.



PORTOFINO TOWERS: Wants Solicitation Period Moved to June 17
------------------------------------------------------------
Portofino Towers 1002 LLC asks the U.S. Bankruptcy Court for the
Southern District of Florida to extend the time by which it must
solicit acceptances to its Chapter 11 Plan through June 17, 2017.

The Debtor avers that it requires more time to negotiate with
creditors.  The Debtor has engaged in meaningful settlement
negotiations with it lender and made a substantial offer, and the
lender ordered an appraisal at the end of September, but nothing
has been resolved as of presstime.

The Debtor filed a Chapter 11 plan on January 17, 2017.  The
hearing to consider approval of the Disclosure Statement was
continued from March 8 to April 12.

The Court has directed that the Exclusivity Extension Motion be
docketed to be set for the same time as the Disclosure Statement
hearing.

                   About Portofino Towers 1002

Portofino Towers 1002 LLC filed a Chapter 11 bankruptcy petition
(Bankr. S.D. Fla. Case No. 16-18808) on June 21, 2016.  The
petition was signed by Laurent Benzaquen, authorized
representative.  Judge Laurel M. Isicoff presides over the case.
Joel M. Aresty, Esq., at Joel M. Aresty, P.A., represents the
Debtor as counsel.  The Debtor estimated assets and liabilities at
$1 million to $10 million, at the time of the filing.

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

On January 17, 2017, the Debtor filed a Chapter 11 plan and a
disclosure statement.


POSITRON CORP: April 26 Hearing on Disclosures, Chapter 11 Plan
---------------------------------------------------------------
Positron Corporation filed with the U.S. Bankruptcy Court for the
Northern District of Texas a disclosure statement in support of the
Debtor's plan of reorganization dated March 6, 2017.

The Court will hold on April 26, 2017, at 1:30 p.m. a hearing to
consider the approval of the Disclosure Statement and confirmation
of the Plan.

Objections to the Disclosure Statement and plan confirmation must
be filed by April 21, 2017.  The deadline to submit ballot is also
April 21, 2017.

General unsecured creditors are classified in Class 5, and will
receive a distribution of approximately 5% of their allowed claims,
to be distributed in equal monthly distributions over a period of
60 months following the Effective Date.

Payments and distributions under the Plan will be funded by the
sale of the real property of the Debtor in Westmont, Illinois, and
by the going forward business operations.

The Disclosure Statement is available at:

          http://bankrupt.com/misc/txnb15-50205-166.pdf

                  About Positron Corporation

Headquartered in Fishers, Indiana, Positron Corporation is a
molecular imaging company focused on nuclear cardiology.

Three alleged creditors filed an involuntary Chapter 11 petition
(Bankr. N. D. Texas Case No. 15-50205) on August 28, 2015.  

The petitioning creditors are DX LLC, Moress LLC, and Jason and
Suzanne Kitten.  The creditors tapped as counsel Max R. Tarbox,
Esq., at Tarbox Law P.C. and Daniel Zamudio, Esq., at Zamudio Law
Professionals P.C.

As of Sept. 30, 2015, Positron had $1.52 million in total assets,
$3.10 million in total liabilities and a total stockholders'
deficit of $1.58 million.

On Sept. 7, 2016, an order of relief under Chapter 11 of the
Bankruptcy Code was entered in the case with respect to Positron.

No Chapter 11 trustee or committee of unsecured creditors is
appointed in Positron's case.

Jeff Carruth, Esq., at Weycer, Kaplan, Pulaski & Zuber, P.C.,
serves as the Debtor's legal counsel.


POWER EFFICIENCY: Appoints Carnegie Hudson President to Board
-------------------------------------------------------------
The Board of Directors of Power Efficiency Corporation has
appointed, effective March 9, 2017, Charles Gassenhiemer to its
Board of Directors.  Mr. Gassenheimer is the president and a
co-founder of Carnegie Hudson Resources LLC.

Carnegie Hudson (and its affiliated entities) is private equity
firm specializing in the all aspects of the energy sector and
health care sectors.  It provides capital as well as technical and
operating advice to companies in its portfolio.  Carnegie Hudson
specializes on energy technology and energy storage.  Services
which may require a registered broker-dealer will be provided
through MCM Securities LLC., an SEC registered broker-dealer.

As previously announced in a Form 8-K filed with the Commission on
Effective Jan. 31, 2017, Power Efficiency entered into an advisory
agreement with Carnegie Hudson Resources Structured Capital, LLC
(an affiliated entity of Carnegie Hudson Resources LLC) (CHR)
whereby CHR and its affiliated entities will provide corporate
advisory and investment banking services to PEC.

Under the agreement, CHR has the right to have one person serve on
the PEC Board of Directors during the term of the Agreement.  CHR
advised PEC that Mr. Gassenheimer would serve as its nominee.  The
Board of Directors of PEC expanded the number of members of its
Board of Directors by one person and appointed Mr. Gassenheimer to
fill the vacancy.

In consideration for its services, CHR and its affiliates may
receive up to 4,000,000 (post reverse split as previously announced
of 1 share for each 15 shares of outstanding Common Stock) warrants
for shares of common stock which will vest upon certain events.
The warrants have a five year exercise terms, provide for an
exercise price of $0.01 per share and the holders are entitled to
piggyback registration rights with respect to the underlying shares
of Common Stock.  The warrants issuable or issuable to CHR under
its advisory agreement were offered, sold and issued in reliance
upon the exemption from registration provided by Section 4(2) of
the Securities Act of 1933, as amended, as transactions not
involving any public offering. CHR represented to PEC that it is an
"accredited investor" as such term is defined in Rule 501(a)
promulgated under the Securities Act, that it acquired the
securities for investment purposes and that such securities were
issued without any form of general advertising or general
solicitation.  Those securities have not been registered under the
Securities Act and may not be offered or sold in the United States
absent registration or an applicable exemption from registration
requirements.

Mr. Gassenheimer is not receiving any further or additional
compensation for serving on the PEC Board of Directors.

                      About Power Efficiency

Las Vegas, Nevada-based Power Efficiency Corporation (OTC: PEFF) -
- http://www.powerefficiency.com/-- is a clean technology    
company focused on efficiency technologies for electric motors.

The Company reported a net loss of $3.61 million in 2011, compared
with a net loss of $3.27 million in 2010.  The Company's balance
sheet at Dec. 31, 2011, showed $2.92 million in total assets, $2.26
million in total liabilities and $661,090 in total stockholders'
equity.

In its report on the consolidated financial statements for the
year ended Dec. 31, 2011, BDO USA, LLP, in Las Vegas, Nevada, noted
that the Company has suffered recurring losses and has generated
negative cash flows from operations, among other matters, which
raises substantial doubt about its ability to continue as a going
concern.

                        Bankruptcy Warning

The Company said in its annual report for the year ended Dec. 31,
2011, that continuation of the Company as a going concern is
dependent upon achieving profitable operations or accessing
sufficient operating capital.  Management's plans to achieve
profitability include developing new products such as hybrid motor
starters and single-phase to three-phase converters, developing
business in the Asian market, obtaining new customers and
increasing sales to existing customers.  Management is seeking to
raise additional capital through equity issuance, debt financing
or other types of financing.  However, there are no assurances
that sufficient capital will be raised.  If the Company is unable
to obtain it on reasonable terms, the Company said it would be
forced to restructure, file for bankruptcy or significantly curtail
operations.


POWER EFFICIENCY: Continues to work to Satisfy BQDM Obligations
---------------------------------------------------------------
Power Efficiency Corporation was selected through a bid auction
process on July 30, 2016, to supply up to 12 megawatts of demand
energy savings through the Consolidated Edison Brooklyn Queens
Demand Energy Management Program.  Under this Program, Consolidated
Edison Company of New York, Inc. offered incentives for energy
management.  Con Edison provides electric, gas, and steam service
to New York City and Westchester County and is regulated by the New
York Public Service Commission.

PEC's bid was based upon it supplying 4 megawatts of demand energy
savings for the 2017 summer program season and an additional 8
megawatts for the 2018 program summer season.  The BQDM Program
required that PEC provide a standby letter of credit in the amount
of approximately $800,000 and guarantee levels of performance.  The
standby letter of credit was provided in accordance with the
program requirements.

Under the BDQM program PEC was required, as were all other
participants, to notify Con Edison in the event that it would be
unable to satisfy the requirements for delivering the energy
savings for the 2017 summer season, and PEC has delivered such
notice to Con Edison.  Con Edison has notified PEC that it has
accepted the deficiency notification and will draw upon the standby
letter of credit for payment of early penalties of approximately
$390,000.

PEC continues to work towards satisfying its obligations under the
2018 BQDM program summer season.

Effective Oct. 10, 2016, PEC entered into a definitive agreement
with Generate NY Grid Services, LLC pursuant to which the parties
contracted to perform the contract requirements under the BQDM
program.  PEC has notified Generate NY Grid Services that PEC was
terminating the agreements between them based upon PEC's
determination that Generate NY Grid Services had failed to perform
under the contract.  Generate NY Grid Services disputes PEC's right
to terminate the agreements between them.

                     About Power Efficiency

Las Vegas, Nevada-based Power Efficiency Corporation (OTC: PEFF) -
- http://www.powerefficiency.com/-- is a clean technology    
company focused on efficiency technologies for electric motors.

The Company reported a net loss of $3.61 million in 2011, compared
with a net loss of $3.27 million in 2010.  The Company's balance
sheet at Dec. 31, 2011, showed $2.92 million in total assets, $2.26
million in total liabilities and $661,090 in total stockholders'
equity.

In its report on the consolidated financial statements for the
year ended Dec. 31, 2011, BDO USA, LLP, in Las Vegas, Nevada, noted
that the Company has suffered recurring losses and has generated
negative cash flows from operations, among other matters, which
raises substantial doubt about its ability to continue as a going
concern.

                        Bankruptcy Warning

The Company said in its annual report for the year ended Dec. 31,
2011, that continuation of the Company as a going concern is
dependent upon achieving profitable operations or accessing
sufficient operating capital.  Management's plans to achieve
profitability include developing new products such as hybrid motor
starters and single-phase to three-phase converters, developing
business in the Asian market, obtaining new customers and
increasing sales to existing customers.  Management is seeking to
raise additional capital through equity issuance, debt financing
or other types of financing.  However, there are no assurances
that sufficient capital will be raised.  If the Company is unable
to obtain it on reasonable terms, the Company said it would be
forced to restructure, file for bankruptcy or significantly curtail
operations.


PREMIER WELLNESS: Wants to Continue Using Cash Collateral
---------------------------------------------------------
Premier Wellness Centers LLC filed with the U.S. Bankruptcy Court
for the Southern District of Florida a fourth motion seeking
authorization to use cash collateral.

The Debtor tells the Court that the use of and access to these
funds is essential to the Debtor's on-going business operations.

As reported by the Troubled Company Reporter on Dec. 8, 2016, Judge
Paul G. Hyman, Jr., previously authorized the Debtor to use cash
collateral on an interim basis, until Feb. 27, 2017.

JPMorgan Chase Bank has a valid, properly perfected, first priority
lien on all of the Debtor's personal property, including but not
limited to inventory, equipment, machinery, accounts and accounts
receivable securing aggregate indebtedness of at approximately
$308,232.17.

Chase's security interest covers all of the Debtor's rights, title
and interest in the Debtor's cash and accounts.

Fundation Group LLC has a valid, properly perfected,
second-priority blanket lien on all of the Debtor's personal
property, including but not limited to inventory, equipment,
machinery, accounts and accounts receivable.

A copy of the motion is available at:

         http://bankrupt.com/misc/flsb16-10191-217.pdf

                About Premier Wellness Centers

Headquartered in Port Saint Lucie, Florida, Premier Wellness
Centers LLC filed for Chapter 11 bankruptcy protection (Bankr. S.D.
Fla. Case No. 16-10191) on Jan. 6, 2016, listing $384,400 in total
assets and $2.56 million in total liabilities.  The petition was
signed by William Jensen, managing member.  Judge Paul G. Hyman,
Jr., presides over the case.  Malinda L. Hayes, Esq., at Markarian
Frank White-Boyd & Hayes, serves as the Debtor's bankruptcy
counsel.


PRIME METALS: Seeks to Hire Bernstein-Burkley as Legal Counsel
--------------------------------------------------------------
Prime Metals & Alloys, Inc. seeks approval from the U.S. Bankruptcy
Court for the Western District of Pennsylvania to hire legal
counsel.

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

The hourly rates charged by the firm range from $235 to $545 for
the services of its attorneys, and $125 to $175 for paralegals.

Kirk Burkley, Esq., at Bernstein-Burkley, disclosed in a court
filing that the firm does not represent any interest adverse to the
Debtor or its bankruptcy estate.

The firm can be reached through:

     Kirk B. Burkley, Esq.
     Bernstein-Burkley, P.C.
     707 Grant Street
     2200 Gulf Tower
     Pittsburgh, PA 15219
     Phone: (412) 456-8101
     Fax: (412) 456-8251
     Email: kburkley@bernsteinlaw.com

                   About Prime Metals & Alloys

Based in Lucernemines, Pennsylvania, Prime Metals & Alloys, Inc.
manufactures and provides alloys, ingots, specialty scrap
materials, and customized scrap blends, and operates trucking
delivery services.

The Debtor sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. W.D. Pa. Case No. 17-70164) on March 2, 2017.  The
petition was signed by Richard Knupp, president.  The case is
assigned to Judge Jeffery A. Deller.

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

No trustee, examiner or creditors' committee has been appointed in
the case.


PRIME METALS: Seeks to Hire H2R CPA as Accountant
-------------------------------------------------
Prime Metals & Alloys, Inc. seeks approval from the U.S. Bankruptcy
Court for the Western District of Pennsylvania to hire an
accountant.

The Debtor proposes to hire H2R CPA LLC to provide accounting and
financial services related to its Chapter 11 case.  The hourly
rates charged by the firm range from $95 to $265.

Kieran O'Dea, a certified public accountant employed with H2R,
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:

     Kieran O'Dea
     H2R CPA LLC
     Koppers Building, Sixth Floor   
     436 Seventh Avenue  
     Pittsburgh, PA 15219   
     Phone: 412-391-2920    
     Fax: 412-391-4703
     Email: kodea@hrrcpa.com

                   About Prime Metals & Alloys

Based in Lucernemines, Pennsylvania, Prime Metals & Alloys, Inc.
manufactures and provides alloys, ingots, specialty scrap
materials, and customized scrap blends, and operates trucking
delivery services.

The Debtor sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. W.D. Pa. Case No. 17-70164) on March 2, 2017.  The
petition was signed by Richard Knupp, president.  The case is
assigned to Judge Jeffery A. Deller.

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

No trustee, examiner or creditors' committee has been appointed in
the case.


PRIME METALS: Wants to Use S&T Bank Cash Collateral
---------------------------------------------------
Prime Metals & Alloys, Inc., asks the U.S. Bankruptcy Court for the
Western District of Pennsylvania to authorize the use of S&T Bank
cash collateral.

The Debtor began as a scrap-trading company and has grown to
manufacturing and providing alloys, ingots, specialty scrap
materials and customized scrap blends.  The Debtor employs 68 men
and women and provides invaluable benefits to the industry and
community in which the Debtor operates.  The key issues facing the
Debtor involve the Debtor's attempt to recover from previous
downturns in the industry and significant debt obligations.  

Through the bankruptcy case, the Debtor has a real opportunity to
create a stronger and more prosperous company for its employees and
surrounding community.  In furtherance of that goal the Debtor has
engaged in a protracted pre-petition sales and marketing process
and expects to file a sale motion with a stalking horse bidder
early in the case.  This outcome is not possible unless the Debtor
obtains approval to use its Cash Collateral.

Upon information and belief, S&T Bank ("Lender") is the only
secured creditor with a lien on the Debtor's Cash Collateral.  As
of Feb. 28, 2017, the Debtor had funded debt outstanding to Lender
of approximately $11,810,104, as follows:

     Indebtedness     Principal         Current Interest Rate   
Maturity Date
                 (As of Feb. 28, 2017)
     S&T Note 001    $   31,329            3.75% variable       
March 1, 2017
     S&T Note 203    $   39,233            1.75% variable       
April 21, 2017
     S&T Note 204    $6,499,276            2.75% variable       
Dec. 31, 2016
     S&T Note 205    $5,192,910            1.75% variable       
Dec. 16, 2018

In exchange for the Lender's consent to the Debtor's use of Cash
Collateral, the Debtor will grant the Lender Replacement Liens,
remit interest only adequate protection payments to Lender so long
as the Debtor is authorized to use Cash Collateral, and remit 2
principal and interest payments to the Lender such that (i) the
principal and interest due to the Lender for December 2016 is paid
in full; and (ii) the Lender receives 1 additional payment of
principal and interest due and owing from the Debtor.

The Debtor believes that the terms and conditions of its use of the
Cash Collateral are appropriate and reasonable and that the Lender
will be adequately protected against any postpetition diminution in
the value of their interests in the Cash Collateral, as
demonstrated by the Lender having consented to the Debtor's use of
Cash Collateral on the terms set forth in the proposed Interim
Order, including the provision of the adequate protection described
infra.  Accordingly, the Debtor asks authority for the immediate
use of all Cash Collateral existing on or after the Petition Date
in accord with the budget attached to the proposed Interim Order.

A copy of the proposed Interem Order attached to the Motion is
available for free at:

   
http://bankrupt.com/misc/pawb17-70164_8_Cash_Prime_Metals.pdf.pdf

Given the immediate and irreparable harm to the Debtor, its
estates, and its creditors absent interim relief, the Debtor asks
that, pending the Final Hearing, the Court schedule an interim
hearing within 2 business days of the Petition Date, or as soon
thereafter as practicable to consider the interim relief requested
in the Motion.

Pursuant to Bankruptcy Rules 4001(b)(2) and 4001(c)(2), the Debtor
asks that the Court set a date for the Final Hearing that is as
soon as practicable, but in no event later than 40 days following
the entry of the Interim Order, and fix the time and date before
the Final Hearing for interested parties to file objections to the
Motion.

              About Prime Metals & Alloys

Prime Metals & Alloys, Inc. began as a scrap-trading company and
has grown to manufacturing and providing alloys, ingots, specialty
scrap materials and customized scrap blends.  The company employs
68 men and women and provides invaluable benefits to the industry
and community in which the Debtor operates.

Prime Metals & Alloys, Inc. sought Chapter 11 protection (Bankr.
W.D. Pa. Case No. 17-70164) on March 2, 2017.  Judge Jeffery A.
Deller is assigned to the case.

The Debtor estimated assets in the range of $1 million to $10
million and $10 million to $50 million in debt.

The Debtor tapped Kirk B. Burkley, Esq., Allison L. Carr, Esq., and
Daniel R. Schimizzi, Esq., at Bernstein-Burkley, P.C. as counsel.

The petition was signed by Richard Knupp, president.


RADIO ONE: Moody's Rates $350MM Sr. Secured Term Loan B at B2
-------------------------------------------------------------
Moody's Investors Service assigned B2-LGD3 to Radio One, Inc.'s
proposed $350 million Sr. Secured Term Loan B. Proceeds from the
new debt instruments will be used to refinance Radio One's existing
term loan and pay related transaction costs. Moody's affirmed Radio
One's B3 Corporate Family Rating, B3-PD Probability of Default
Rating, and SGL - 3 Speculative Grade Liquidity (SGL) Rating. The
outlook is stable. The assigned ratings are subject to review of
final documentation and no meaningful change in conditions of the
transaction as advised to Moody's.

Assigned:

Issuer: Radio One, Inc.

-- NEW $350 million Sr. Secured 1st Lien Term Loan B: Assigned
    B2, LGD3

Affirmed:

Issuer: Radio One, Inc.

-- Corporate Family Rating: Affirmed B3

-- Probability of Default Rating: Affirmed B3-PD

-- $350 million 1st Lien Sr. Secured Notes: Affirmed B2, LGD3

-- $335 million Senior Subordinated Notes: Affirmed Caa2, LGD5

-- Speculative Grade Liquidity (SGL) Rating: Affirmed SGL - 3

Outlook Actions:

Issuer: Radio One, Inc.

-- Outlook, remains Stable

To be withdrawn:

Issuer: Radio One, Inc.

-- $350 million Sr. Secured 1st lien term loan: B2, LGD3 to be
    withdrawn upon completion of transaction

RATINGS RATIONALE

Radio One's B3 Corporate Family Rating reflects very high
debt-to-EBITDA of 7.9x at the end of 2016 (including Moody's
standard adjustments) pro-forma for the proposed debt refinancing,
which weakly positions the company in its B3 rating. The company's
topline performance increased this year relative to last year, as
TV One growth and stronger digital revenues offset declining
performance of radio broadcasting and Reach Media segments. Moody's
believe overall performance will improve over the next 12 months
due to mid-single digit percentage growth in TV One's revenue and
EBITDA, as a result of contractual increases in carriage fees and
incremental contribution from the MGM casino revenue share.
Management is committed to reducing leverage in the near term to
enhance financial flexibility and facilitate the refinancing of its
subordinated notes towards the end of 2017.

Moody's notes that the credit metrics of Radio One increasingly
rely on the cable network, TV One, given the trajectory of this
segment's revenue and cash flow compared to the mature status of
the company's radio operations. Over the past several years, Radio
One diversified its operations through investments in Reach Media
and TV One, completing the company's transition from a pure play
radio operator to a diversified media company. Ratings incorporate
ongoing media fragmentation and the cyclical nature of radio
advertising demand evidenced by the revenue declines suffered by
radio broadcasters during the past recession and the sluggish
growth following the downturn. Ratings are supported by favorable
revenue and EBITDA growth trends for TV One given carriage fee
increases and subscriber additions and the company's radio presence
in attractive large markets. Moody's believe the company will
maintain adequate liquidity over the next 12 months with more than
sufficient cash balances, adequate EBITDA cushion to financial
covenants, undrawn revolver and no significant debt maturities
until February 2020.

The stable outlook incorporates good growth in TV One revenue due
to contractual increases in carriage fees and incremental
advertising revenue from a growing subscriber base. The outlook
also reflects Moody's belief that radio operations will be
supported by improved audience ratings and sustained advertising
demand in key markets. Moody's expects leverage ratios will improve
due to overall EBITDA growth combined with some debt reduction and
liquidity will remain adequate with positive free cash flow as well
as adequate EBITDA cushion to financial covenants. The stable
outlook does not incorporate leverage being sustained at current
levels.

Ratings could be upgraded if debt-to-EBITDA is sustained below 6.0x
(incorporating Moody's standard adjustments) supported by good
advertising demand for radio and cable network operations and a
supportive economic environment in key markets. Enhanced liquidity
including mid-single digit percentage free cash flow-to-debt and
good EBITDA cushion to financial maintenance covenants will also be
required for an upgrade. Ratings could be downgraded if economic
weakness or increased competition in one or more key markets
results in Moody's belief that debt-to-EBITDA will not improve from
current levels. Weakened liquidity including negative fee cash flow
could also result in a downgrade. Increased debt levels to fund
discretionary items including investments or share repurchases
could negatively impact ratings, particularly if these actions
impair liquidity.

The principal methodology used in these ratings was Global
Broadcast and Advertising Related Industries published in February
2017.

Radio One Inc., headquartered in Silver Spring, MD, is an urban
oriented multi-media company that operates or owns interests in
radio broadcasting stations (43% of revenue for FY 2016 generated
by 55 stations in 15 markets), a 100% ownership in TV One, a cable
television network (42% of revenue), an 80% ownership in Reach
Media featuring the Tom Joyner Morning Show (12% of revenue), and
ownership of Interactive One as well as other internet based
properties (5% of revenue), largely targeting the African-American
audience. The Chairperson, Catherine L. Hughes, and President,
Alfred C. Liggins III (Chairperson's son), hold roughly 95% of the
outstanding voting power and 42% of economic interest of the common
stock. The company reported consolidated revenue of $456 million
for FY 2016.


RADIO ONE: S&P Assigns 'B' Rating on Proposed $350MM Sr. Loan
-------------------------------------------------------------
S&P Global Ratings assigned its 'B' issue-level rating and '2'
recovery rating to Radio One Inc.'s proposed $350 million senior
secured term loan due 2023.  The '2' recovery rating indicates
S&P's expectation for substantial recovery (70%-90%; rounded
estimate: 75%) of principal in the event of a payment default.

The proposed credit facility will extend the company's debt
maturity profile and replace its outstanding $350 million term loan
due 2018.  The transaction will be leverage neutral, and it won't
affect S&P's view that the company's adjusted leverage of 7.6x as
of Dec. 31, 2016, should continue to moderate in 2017 but will
remain above 7x.

S&P's 'B-' corporate credit rating and stable rating outlook, as
well as its existing issue-level ratings, on the company are not
affected by the proposed transaction.

RATINGS LIST

Radio One Inc.
Corporate Credit Ratings         B-/Stable/--

New Ratings

Radio One Inc.
Senior Secured
  $350 million term loan due 2023      B
   Recovery Rating                     2(75%)



RADIOLOGY SUPPORT: Taps Hiramatsu as Financial Consultant
---------------------------------------------------------
Radiology Support Devices, Inc. seeks approval from the U.S.
Bankruptcy Court for the Central District of California to hire a
financial consultant.

The Debtor proposes to hire Hiramatsu & Associates, Inc. to provide
these services in connection with its Chapter 11 case:

     (a) assist in preparing financial information and weekly
         reporting;

     (b) prepare cash collateral projections for filing with the
         court;

     (c) prepare monthly operating reports;

     (d) develop cash projections, if needed, for the Debtor's
         Chapter 11 plan of reorganization;

     (e) review the company's historical information in order to
         prepare financial statements; and

     (f) recommend changes in the company's operations to
         strengthen its cash flow, profitability or its balance  
         sheet.

The firm will charge the Debtor an hourly rate of $250 for its
services.

Bette Hiramatsu, a principal of Hiramatsu & Associates, disclosed
in a court filing that the firm does not hold or represent any
interest adverse to the Debtor's bankruptcy estate.

The firm can be reached through:

     Bette Hiramatsu
     Hiramatsu and Associates, Inc.
     11693 San Vicente Blvd., Suite 370
     Los Angeles, CA 90049
     Tel: 310-415-3867
     Fax: 310-826-4536
     Email: bette@bhiramatsu.com

                 About Radiology Support Devices

Radiology Support Devices, Inc. sought protection under Chapter 11
of the Bankruptcy Code (Bankr. C.D. Cal. Case No. 17-12054) on
February 21, 2017.  The petition was signed by Matthew Alderson,
president.  

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


RADIOLOGY SUPPORT: Taps Weintraub & Selth as Legal Counsel
----------------------------------------------------------
Radiology Support Devices, Inc. seeks approval from the U.S.
Bankruptcy Court for the Central District of California to hire
legal counsel in connection with its Chapter 11 case.

The Debtor proposes to hire Weintraub & Selth, APC to give legal
advice regarding matters of bankruptcy law, negotiate with
creditors, analyze claims, assist in the preparation and
implementation of a bankruptcy plan, and provide other legal
services.

Elaine Nguyen, Esq., disclosed in a court filing that her firm does
not hold or represent any interest adverse to the Debtor's
bankruptcy estate

The firm can be reached through:

     Daniel Weintraub, Esq.
     James R. Selth, Esq.
     Elaine V. Nguyen, Esq.
     Weintraub & Selth, APC
     11766 Wilshire Boulevard, Suite 1170
     Los Angeles, CA 90025
     Tel: (310) 207-1494
     Fax: (310) 442-0660
     Email: elaine@wsrlaw.net

                 About Radiology Support Devices

Radiology Support Devices, Inc. sought protection under Chapter 11
of the Bankruptcy Code (Bankr. C.D. Cal. Case No. 17-12054) on
February 21, 2017.  The petition was signed by Matthew Alderson,
president.  

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


RAIN CII: Moody's Gives B1 Rating to New Sr. Secured Notes Due 2025
-------------------------------------------------------------------
Moody's Investors Service assigned a B1 rating to the proposed
senior secured notes due 2025 by Rain CII Carbon LLC (to be
co-issued with CII Carbon Corp.), wholly-owned subsidiaries of Rain
Carbon Inc (RCI). At the same time, Moody's upgraded the ratings of
the existing senior secured notes due 2021 to B1 from B3. The
corporate family and probability of default ratings of B1 and B1-PD
of RCI are affirmed. The proceeds of the new notes will be used to
refinance borrowings under its revolving credit facility, to
repurchase or redeem any and all of the Issuers' 8.00% senior
secured notes due 2018, to repurchase or redeem a portion of the
Issuers' 8.25% U.S. dollar-denominated senior secured notes due
2021. The outlook is stable.

Upon completion of the refinancing, Moody's will withdraw the B3
rating on senior secured notes due 2018 of Rain CII Carbon LLC.

Rating Actions taken:

Issuer: Rain Carbon Inc.

-- Corporate Family Rating, affirmed B1

-- Probability of Default Rating, affirmed B1-PD

-- Senior Unsecured Notes due 2025, B1 (LGD4) rating withdrawn

Issuer: Rain CII Carbon LLC

-- Backed Senior Secured Regular Bond/Debenture due 2025,
    Assigned B1 (LGD3)

Issuer: Rain Escrow Corporation (Assumed by Rain CII Carbon LLC)

-- Backed Senior Secured Notes due 2021, upgraded to B1 (LGD3)
    from B3 (LGD3)

Outlook Actions:

Issuer: Rain Carbon Inc.

-- Outlook, 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 B1 rating on the proposed notes reflect the preponderance of
the debt class in the capital structure. The notes will be
guaranteed by RCI and its wholly-owned, domestic restricted
subsidiaries and any other subsidiaries of RCI that guarantee the
Issuers' existing senior secured notes due 2021.

Moody's expects the company to have good liquidity, supported by
cash on hand of $128 million at December 31, 2016, positive free
cash flows, and expected full availability under the proposed $60
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.


RAMOS REALTY: Hires Torres & Associates as Attorney
---------------------------------------------------
Ramos Realty, LLC, seeks authority from the U.S. Bankruptcy Court
for the District of Maryland to employ Torres & Associates, LLC as
attorney to the Debtor.

Ramos Realty requires Torres & Associates to:

   a. advise the Debtor as to its rights, duties and powers as a
      debtor in possession;

   b. prepare and file the statements, schedules, plans, and
      other documents and pleadings necessary to be filed by the
      Debtor in the bankruptcy case;

   c. represent the Debtor at all hearings, meetings of
      creditors, conferences, trials, and other proceedings in
      the bankruptcy case; and

   d. perform such other legal services as may be necessary in
      connection with the bankruptcy case.

Torres & Associates will be paid at the hourly rate of $500.

Torres & Associates will be paid a retainer in the amount of
$5,000.

Torres & Associates will also be reimbursed for reasonable
out-of-pocket expenses incurred.

Jasmin M. Torres, partner of Torres & Associates, 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.

Torres & Associates can be reached at:

     Jasmin M. Torres, Esq.
     TORRES & ASSOCIATES, LLC
     711 St. Paul Street
     Baltimore, MD 21202
     Tel: (410) 262-0243
     Fax: (493) 4083

              About Ramos Realty, LLC

Ramos Realty, LLC, filed a Chapter 11 bankruptcy petition (Bankr.
D. Md. Case No. 16-23901) on October 18, 2016, disclosing under $1
million in both assets and liabilities. The Debtor is represented
by Jasmin Marie Torres, Esq., at Torres & Associates, LLC.


RESOLUTE ENERGY: Announces Operating Results for 2016
-----------------------------------------------------
On March 13, 2017, Resolute Energy Corporation issued a press
release announcing its operating results for the quarter and full
year ended December 31, 2016.

Resolute recorded a net loss of $20.6 million, or $1.23 per share,
on revenue of $62.7 million during the three months ended December
31, 2016.  Included in this net loss was $8.0 million of commodity
derivative losses.  This compares to a net loss of $92.2 million,
or $6.15 per share, on revenue of $28.5 million during the three
months ended December 31, 2015.  The 2015 loss included commodity
derivative gains of $22.4 million and a non-cash impairment charge
of $77 million.

During 2016, Resolute recorded a net loss of $161.7 million, or
$10.33 per share, on revenue of $164.5 million.  The 2016 loss
included $19.8 million of commodity derivative losses and a
non-cash impairment charge of $58 million.  This compares to net
loss of $742.3 million, or $49.55 per share, on revenue of $154.6
million during the year ended December 31, 2015.  The 2015 loss
included commodity derivative gains of $76.5 million and a non-cash
impairment charge of $705 million.

Rick Betz, Resolute’s Chief Executive Officer, said: "2016 was a
transformational year for Resolute.  Today we are positioned as one
of the premier Delaware Basin operators with a strong balance sheet
and an operational footprint in one of the best areas in the basin.
With the completion of our fourteen well 2016 program, we exited
the year producing 20,800 Boe per day, more than double fourth
quarter 2015 average production."

"Operationally, 2017 is off to a fast start for Resolute.  Since
the beginning of the year, with two rigs running in Reeves County,
we have finished drilling operations on three wells, completed
three wells, we have two wells waiting on completion and have three
wells in various stages of drilling.  Our second rig is operating
in our Mustang area and is proving to be as efficient as the rig we
have been running since October 2015.  In Appaloosa we recently
drilled a long lateral from spud to total depth in seventeen days,
a new record for the Company."

"While we are not ready to announce plans and provide guidance for
2018, we currently expect to keep our existing two rigs, continue
with a third rig on the newly acquired acreage, and potentially add
a fourth rig to our legacy position.  These activities should
continue our significant growth in production, cash flow and proved
reserves."

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

                                      https://is.gd/atTE78

                               About Resolute Energy Corporation

Resolute Energy Corp. -- http://www.resoluteenergy.com/-- is an
independent oil and gas company focused on the acquisition,
exploration, exploitation and development of oil and gas
properties, with a particular emphasis on liquids focused,
long-lived onshore U.S. opportunities.  Resolute's properties are
located in the Paradox Basin in Utah and the Permian Basin in Texas
and New Mexico.

Resolute reported a net loss of $742 million in 2015, a net loss of
$21.9 million in 2014, and a net loss of $114 million in 2013.

As of Sept. 30, 2016, Resolute Energy had $294.9 million in total
assets, $634.0 million in total liabilities, and a total
stockholders' deficit of $339.1 million.

                          *    *    *

As reported by the TCR on Sept. 26, 2016, Moody's Investors
Service, upgraded Resolute Energy's Corporate Family Rating (CFR)
to 'Caa2' from 'Caa3', the Probability of Default Rating to
Caa2-PD
from Caa3-PD and its senior unsecured notes rating to 'Caa3' from
'Ca'.  The Speculative Grade Liquidity rating was affirmed at
SGL-3.  The rating outlook was changed to positive from stable.

"The upgrade to Caa2 reflects Resolute's improved production and
drilling economics, which provide good visibility to continued
growth in a mid $40s oil price environment without increasing debt.
While leverage remains high, we expect moderation in the company's
reserve- and production-based debt metrics from significant
production growth at very competitive drillbit costs," noted John
Thieroff, Moody's VP-senior analyst.


RESOLUTE ENERGY: Incurs $161.7 Million Net Loss in 2016
-------------------------------------------------------
Resolute Energy Corporation filed with the US Securities Exchange
Commission its Annual Report on Form 10-K disclosing net loss of
$161.7 million on $164.4 million total revenue for the year ended
December 31, 2016, compared to a net loss of $742.2 million on
$154.6 million total revenue for the year ended December 31, 2015.

As of December 31, 2016, Resolute Energy Corporation had $588.3
million in total assets, $664.1 million in total liabilities and
$75.7 million deficit in stockholder's equity.

As of December 31, 2016, Resolute Energy estimated net proved
reserves were approximately 60.3 MMBoe, of which approximately 59%
were proved developed producing reserves and approximately 73% were
oil. The standardized measure of their estimated net proved
reserves as of December 31, 2016, was $344 million. Their future
earnings and cash flow from existing operations are dependent on a
variety of factors including commodity prices, exploitation and
recovery activities and their ability to manage their overall cost
structure at a level that allows for profitable operation.

For 2017, Resolute Energy expects to incur capital expenditures of
$210 to $240 million, primarily focused on following our successful
2016 performance in the Delaware Basin with a two rig drilling
program spudding 22 gross wells. The Company expects the 2017
program to accomplish a number of important initiatives for the
Company.

A full-text copy of the regulatory filing is available at:
     
                                 https://is.gd/Xtgv20

                               About Resolute Energy Corporation

Resolute Energy Corp. -- http://www.resoluteenergy.com/-- is an
independent oil and gas company focused on the acquisition,
exploration, exploitation and development of oil and gas
properties, with a particular emphasis on liquids focused,
long-lived onshore U.S. opportunities.  Resolute's properties are
located in the Paradox Basin in Utah and the Permian Basin in Texas
and New Mexico.

Resolute reported a net loss of $742 million in 2015, a net loss of
$21.9 million in 2014, and a net loss of $114 million in 2013.

As of Sept. 30, 2016, Resolute Energy had $294.9 million in total
assets, $634.0 million in total liabilities, and a total
stockholders' deficit of $339.1 million.

                          *    *    *

As reported by the TCR on Sept. 26, 2016, Moody's Investors
Service, upgraded Resolute Energy's Corporate Family Rating (CFR)
to 'Caa2' from 'Caa3', the Probability of Default Rating to
Caa2-PD
from Caa3-PD and its senior unsecured notes rating to 'Caa3' from
'Ca'.  The Speculative Grade Liquidity rating was affirmed at
SGL-3.  The rating outlook was changed to positive from stable.

"The upgrade to Caa2 reflects Resolute's improved production and
drilling economics, which provide good visibility to continued
growth in a mid $40s oil price environment without increasing debt.
While leverage remains high, we expect moderation in the company's
reserve- and production-based debt metrics from significant
production growth at very competitive drillbit costs," noted John
Thieroff, Moody's VP-senior analyst.


REVOLUTION ALUMINUM: U.S. Trustee Forms 3-Member Committee
----------------------------------------------------------
Henry G. Hobbs, Jr., Acting U.S. Trustee for Region 5, on March 16
appointed three creditors to serve on the official committee of
unsecured creditors in the Chapter 11 case of Revolution Aluminum
Propco, LLC.

The committee members are:

     (1) Perry Hintze, Chairman
         Ryan & Associates, Inc.
         P.O. Box 4377
         Davenport, IA 52808
         Tel: (563) 343-7288
         E-mail: PHintze@ryangrp.com

     (2) Robert M. Carr
         Engineered Products, Inc.
         200 Jones Street
         Verona, PA 15147
     
     (3) Tina Hertzel
         Integrated Project Resources, LLC
         600 E. 2nd Street
         Salem, OH 44460

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 Revolution Aluminum Propco

Ryan & Associates, Inc., Engineered Products, Inc., and Tina J.
Hertzel filed an involuntary Chapter 11 case (Bankr. W.D. La., Case
No. 16-81024) against Revolution Aluminum Propco, LLC, on Sept. 15,
2016.  The Petitioning Creditors are represented by Bradley L.
Drell, Esq., at Gold, Weems, Bruser, Sues & Rundell, in Alexandria,
Louisiana.

The Petitioning Creditors have asked the Bankruptcy Court to enter
an order directing the appointment of a Chapter 11 Trustee for the
Debtor.

The Court entered an Order for Relief officially placing the Debtor
in bankruptcy on Feb. 1, 2017.


REX ENERGY: Incurs $176.7 Million Net Loss in 2016
--------------------------------------------------
Rex Energy Corporation filed with the Securities and Exchange
Commission its annual report on Form 10-K disclosing a net loss of
$176.7 million on $139.01 million of total operating revenue for
the year ended Dec. 31, 2016, compared to a net loss of $361.03
million on $138.74 million of total operating revenue for the year
ended Dec. 31, 2015.

As of Dec. 31, 2016, Rex Energy had $893.92 million in total
assets, $883.69 million in total liabilities and $10.22 million in
total stockholders' equity.

"Our primary financial resource is our base of condensate, natural
gas and NGL reserves.  Our working capital is significantly
influenced by changes in commodity prices, and significant declines
in prices could decrease our exploration and development
expenditures.  Historically, cash flows from operations, borrowings
under our senior credit facility and net proceeds from debt and
equity offerings have been used to fund exploration and development
of our oil and gas interests.  During 2016, we spent approximately
$36.2 million of capital on drilling projects, facilities and
related equipment and acquisitions of acreage.  Our 2016 capital
program was funded with net cash flow from operations, net proceeds
from the disposition of our assets in the Illinois Basin and from
borrowings under our revolving credit facility.  Offsetting some of
the cost associated with our capital expenditure program in 2016
were our joint ventures with ArcLight and BSP.  Our 2017 capital
expenditure plan of between $70.0 and $80.0 million is expected to
be funded primarily by cash flow from operations, joint venture
proceeds, non-core asset sales and borrowings under our revolving
credit facility.

"As of December 31, 2016, we had approximately $3.7 million of cash
on hand.  In January 2017, we received approximately $24.1 million
of proceeds in conjunction with the closing of the sale of our
Warrior South assets in Ohio.  The remaining proceeds of
approximately $5.0 million are expected to be received in January
2018.  At December 31, 2016, outstanding borrowings under our
revolving credit facility consisted of $117.7 million of borrowings
and an additional $46.5 million of undrawn letters of credit, of
which approximately $46.0 million are related to our firm
transportation contracts.  Upon the initial closing of the Warrior
South sale, we subsequently paid our revolving credit facility down
to approximately $94.7 million.  The next borrowing base
redetermination will occur on or about April 1, 2017.

"Our ability to fund our capital expenditures is dependent upon the
level of product prices and the success of our exploration program
in replacing existing condensate, NGL and natural gas reserves.  If
commodity prices decline further, operating cash flows may decrease
and our lenders may reduce the borrowing base, thus reducing the
funds available to fund future capital expenditures.  If we are
unable to replace our condensate, NGL and natural gas reserves
through acquisition, development and exploration, we may also
suffer a reduction in operating cash flows and access to funds
under the revolving credit facility.  We have the ability to add
commodity derivatives to our portfolio at prevailing market rates
to mitigate a portion of the decrease in operating cash flows
should commodity prices decline.  At December 31, 2016, we were in
compliance with all required debt covenants under our revolving
credit facility.

"Due to the elongated depression of commodity prices, in January
2016, we suspended payment of our quarterly dividend on shares of
our Series A Preferred Stock; we have not paid a quarterly dividend
since that time.  We have the ability to continue to suspend
dividend payments and will continue to evaluate the payment of
these dividends on a quarterly basis.  As a result of not declaring
and paying quarterly dividends on our Series A Preferred Stock, we
are no longer eligible to use Form S-3 registration statements.
Until we are again eligible to use Form S-3, we will be required to
use a registration statement on Form S-1 to register securities
with the SEC (for initial issuance or resale) or issue securities
in private placements, which could increase the cost of raising
capital. We may need to take additional actions in the future to
address current industry trends and maintain our ability to pay
expenses and service our indebtedness, including, but not limited
to, selling assets or raising capital by issuing additional debt or
equity securities.

"We have outstanding senior notes that are governed by indentures
with substantially similar terms and provisions (the "Indentures").
The Indentures contain affirmative and negative covenants that are
customary for instruments of this nature, including restrictions or
limitations on the ability to incur additional debt, pay dividends,
purchase or redeem stock or subordinated indebtedness, make
investments, create liens, sell assets, merge with or into other
companies or sell substantially all of its assets, unless those
actions satisfy the terms and conditions of the Indentures or are
otherwise excepted or permitted.  Certain of the limitations in the
Indentures, including the ability to incur debt, pay dividends or
make other restricted payments, become more restrictive in the
event our ratio of consolidated cash flow to fixed charges for the
most recent trailing four quarters (the "Fixed Charge Coverage
Ratio") is less than 2.25:1.  As of December 31, 2016, the
Company’s Fixed Charge Coverage Ratio was 1.02:1 As a result, we
anticipate that our ability to incur debt, pay dividends or make
certain other restricted payments will be subject to the more
restrictive provisions of the Indentures for the foreseeable
future.  As of December 31, 2016, we were limited to incurring an
additional $169.9 million in additional debt due to our Fixed
Charge Coverage Ratio.  The Indentures also contain customary
events of default, including cross-default features with any other
indebtedness.  In certain circumstances, the Trustee or the holders
of our outstanding senior notes may declare all such outstanding
senior notes to be due and payable immediately."

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


                   https://is.gd/4eGLeO

               About Rex Energy Corporation

Headquartered in State College, Pennsylvania, Rex Energy is an
independent oil and gas exploration and production company with its
core operations in the Appalachian Basin.  The Company's strategy
is to pursue its higher potential exploration drilling prospects
while acquiring oil and natural gas properties complementary to its
portfolio.

                             *   *   *

As reported by the TCR on April 6, 2016, Standard & Poor's Ratings
Services said that it lowered its corporate credit rating on Rex
Energy Corp. to 'SD' from 'CC'.  "The downgrade follows Rex's
announcement that it has closed an exchange offer to existing
holders of its 8.875% and 6.25% senior unsecured notes for a new
issue of 8% senior secured second-lien notes due 2020 (not rated)
and shares of common equity," said Standard & Poor's credit analyst
Aaron McLean.

In April 2016, the TCR reported that Moody's Investors Service
downgraded REX Energy's Corporate Family Rating to 'Ca' from
'Caa3', its Probability of Default Rating to Ca-PD/LD from Caa3-PD,
its senior unsecured notes to 'C' from 'Ca'.  "The downgrade
reflects the poor overall recovery prospects as indicated by REXX's
PV-10 value.  The negative outlook is driven by the weak commodity
price environment, specifically in natural gas pricing, which could
further erode REXX's recovery value," commented Sreedhar Kona,
Moody's senior analyst.


RICHARD PHILLIPS: Market and Sale of Austin Property Approved
-------------------------------------------------------------
Judge Tony M. Davis of the U.S. Bankruptcy Court for the Western
District of Texas authorized Richard Mark Phillips and his
non-debtor wife Nancy Lopez Phillips to market and sell their
interests in a house, lot and boat slip, located at 4805 Precipice
Cove, Austin, Texas.

The sale is free and clear of all liens, claims and encumbrances,
with the liens of FLNB and the Internal Revenue Service and any
other valid liens or encumbrances, other than the ad valorem tax
lien of Travis County for 2017 taxes, to attach to the proceeds of
the sale and be paid at closing, along with all reasonable and
customary closing costs, commissions and pro-rated ad valorem
taxes; provided, however, that the exact terms of such sale
pursuant to an earnest money contract accepted by either or both of
the Phillips, as well as the disposition of the proceeds of the
sale, will be subject to further approval of the Court.

The ad valorem tax liens on the Property will be retained until all
ad valorem taxes due on Property secured by such liens are paid in
full.

The Debtor and his spouse, each is directed to fully cooperate in
the listing, marketing, showing and sale of the Property. Both such
parties are directed to bring any non-cooperation on the part of
the other party to the attention of the Court through their
respective attorneys, if any.

Richard Mark Phillips sought Chapter 11 protection (Bankr. W.D.
Tex. Case No. 17-10068) on Jan. 18, 2017.  The Debtor tapped B.
Weldon Ponder, Jr., Esq., as counsel.


RINCON ISLAND: To Hire Ex-Judge Newsome as Mediator
---------------------------------------------------
Rincon Island Limited Partnership seeks approval from the U.S.
Bankruptcy Court for the Northern District of Texas to hire a
mediator.

The Debtor proposes to hire retired bankruptcy judge Randall
Newsome of JAMS, and pay him $6,500 for his services as mediator.

At a court hearing held on Feb. 8, the Debtor and three others
agreed to participate in mediation and share the costs, with each
party paying one-fourth of the $6,500 fee.

The court is set to hold a hearing on the request on March 28 at
1:30 p.m.

                About Rincon Island Limited Partnership

Rincon Island Limited Partnership filed a Chapter 11 petition
(Bankr. N.D. Tex. Case No. 16-33174), on August 8, 2016. The
petition was signed by Susan M. Whalen, SVP and general counsel of
general partner. The case is assigned to Judge Harlin DeWayne Hale.
The Debtor's counsel is David A. Zdunkewicz, Esq. at Andrews
Kurth, LLP.

At the time of filing, the Debtor estimated assets at $50 million
to $100 million and liabilities at $100 million to $500 million.

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


ROBISON TIRE: Wants Plan Filing Deadline Moved to March 31
----------------------------------------------------------
Robison Tire Company, Inc. asks the U.S. Bankruptcy Court for the
Southern District of Mississipi to extend the time for it to file a
disclosure statement and a plan of reorganization through March 31,
2017.

The Debtor informs the Court that in early February 2017, its elder
counsel became ill and was unable to work for six business days and
then on a part time basis for two weeks thereafter. Because of the
counsel's workload and the necessity of attending to other matters,
counsel has not completed the disclosure statement and plan. The
Debtor is advised that the disclosure statement is 95% complete,
but counsel needs additional time to make further revisions and to
draft the plan.

                       About Robison Tire

Since the early 1970's, Robison Tire Co., Inc., has been an
authorized wholesaler and retailer of a number of the brands,
including Armour, Bridgestone, Goodyear, Hankook, Hercules and
Toyo.

Robison Tire Co., Inc. sought the Chapter 11 protection (Bankr.
S.D. Miss. Case No. 16-51183) on July 14, 2016.  The petition was
signed by Michael Windham, president.  Judge Katharine M. Samson
is assigned to the case.  The Debtor estimated assets in the range
of $500,000 to $1 million and $1 million to $10 million in debt.

Jarrett Little, Esq. at Lentz & Little, PA serves as the Debtor's
Counsel, while Corlew Munford & Smith, PLLC acts as special
counsel.  The Debtor employs Taylor Auction & Realty, Inc. as
auctioneer and appraiser; and Molloy-Seidenburg & Co., P.A. as
accountant.

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


ROCKY MOUNTAIN: Preferred Stock Certificate of Designation OK'd
---------------------------------------------------------------
Rocky Mountain High Brands, Inc.'s Board of Directors approved a
Certificate of Designation for the Company's Series A Preferred
Stock.  This document revises and restates the rights, preferences
and features of the Company's Series A Preferred Stock, which
consists of 1,000,000 shares, all of which are issued and
outstanding.  Holders of the Company's Series A Preferred Stock
were formerly entitled to cast 400 votes for every share held, and
shares of Series A Preferred Stock were convertible to common stock
at a rate of 100 shares of common stock for every share of Series A
Preferred Stock.  Following the filing of the Certificate of
Designation, holders of Series A Preferred Stock are now entitled
to cast 1,200 votes for every share held, and shares of Series A
Convertible Preferred Stock are convertible to common stock at a
rate of 1,200 shares of common stock for every share of Series A
Preferred Stock.

                       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.


RUXTON DESIGN: Allowed to Use Up to $16K of Cash Collateral
-----------------------------------------------------------
Judge David E. Rice of the U.S. Bankruptcy Court for the District
of Maryland entered an order authorizing Ruxton Design and Build,
LLC, to use cash collateral.  Ruxton is authorized to use the sum
of $15,600 between March 2, 2017 and March 9, 2017.

                      About Ruxton Design and Build

Ruxton Design and Build, LLC, filed a chapter 11 petition (Bankr.
D. Md. Case No. 17-10359) on Jan. 10, 2017.  The petition was
signed by Frank B. Zeberlein, president.  The Debtor is represented
by Stephen J. Kleeman, Esq., at the Law Offices of Stephen J.
Kleeman.  At the time of filing, the Debtor had assets and
liabilities between $100,000 to $500,000 each.


SAEXPLORATION HOLDINGS: Reports $25 Million 2016 Net Loss
---------------------------------------------------------
SAExploration Holdings, Inc., filed with the Securities and
Exchange Commission its annual report on Form 10-K disclosing
a net loss attributable to the Company of $25.03 million on $205.56
million of revenue from services for the year ended
Dec. 31, 2016, compared to a net loss attributable to the Company
of $9.87 million on $228.13 million of revenue from services for
the year ended Dec. 31, 2015.

The Company's balance sheet at Dec. 31, 2016, showed $201.65
million in total assets, $163.59 million in total liabilities and
$38.06 million in total stockholders' equity.

During 2016 the Company explored a range of transactions to address
its significant cash flow and liquidity difficulties and the longer
term need to realign its capital structure with its current
business.  On June 13, 2016, the Company entered into a
comprehensive restructuring support agreement with holders of
approximately 66% of the par value of its 10% senior secured notes
due 2019, in which the Supporting Holders and the Company agreed to
enter into and implement a proposed comprehensive restructuring of
its balance sheet, which was completed in the third quarter of
2016.

"Over the last several years, oil prices have declined
significantly due in large part to increasing supplies, weakening
demand growth, some oil and gas producing countries' position to
not cut production and the lifting of sanctions against Iran.  The
weakening economic outlook for non-U.S. oil demand, especially in
China and Europe, has put more downward pressure on prices.  Thus,
the price for crude oil has decreased significantly beginning in
the third quarter of 2014.

"As a result of these decreases in crude oil prices, many E&P
companies have reduced their capital expenditures, which has
resulted in diminished demand for our services and products and
downward pressure on the prices we charge or the level of work we
do for our customers.

"We cannot assure you that the exploration and development
activities by our customers will be maintained at current levels.
Any significant decline in exploration or production-related
spending by our customers, whether due to a decrease in the market
prices for oil and natural gas or otherwise, would have a material
adverse effect on our results of operations.  Additionally,
increases in oil and natural gas prices may not increase demand for
our products and services or otherwise have a positive effect on
our results of operations or financial condition," the Company
stated in the report.

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

                     https://is.gd/NrvGPa

                  About SAExploration Holdings

SAExploration Holdings, Inc. (NASDAQ: SAEX) and its subsidiaries
are internationally-focused oilfield services company offering a
full range of vertically-integrated seismic data acquisition and
logistical support services in Alaska, Canada, South America, and
Southeast Asia to its customers in the oil and natural gas
industry.  In addition to the acquisition of 2D, 3D, time-lapse 4D
and multi-component seismic data on land, in transition zones
between land and water, and offshore in depths reaching 3,000
meters, the Company offers a full-suite of logistical support and
in-field data processing services.  The Company operates crews
around the world that are supported by over 29,500 owned land and
marine channels of seismic data acquisition equipment and other
leased equipment as needed to complete particular projects.

                        *     *     *

In June 2016, S&P Global Ratings lowered its corporate credit
rating on SAExploration Holdings to 'CC' from 'CCC-'.  The outlook
remains negative.  The downgrade follows SAExploration's
announcement that it plans to launch an exchange offer to existing
holders of its 10% senior secured notes for shares of common equity
and a new issue of second-lien notes.

In September 2016, Moody's Investors Service withdrew
SAExploration's 'Caa2' Corporate Family Rating and other ratings.


SAM BASS: Ch. 11 Trustee Has Interim OK to Use Cash Until March 22
------------------------------------------------------------------
Judge Catherine R. Aron of the U.S. Bankruptcy Court for the Middle
District of North Carolina authorized the Chapter 11 Trustee
appointed to the bankruptcy case of Sam Bass Illustration & Design,
Inc., to use cash collateral on an interim basis, through March 22,
2017.

The Internal Revenue Service and the North Carolina Department of
Revenue were the duly scheduled creditors of the Debtor.

Judge Aron held that the interests of the IRS and NCDOR, and the
other creditors of the Debtor, will be adequately protected for an
interim period by the appointment of the Trustee.

The Trustee is authorized to use cash collateral to pay those
necessary and reasonable operating expenses of the Debtor which
come due during the cash use period subject to available funds.  In
his discretion, the Trustee may defer payment of any expenses
incurred but which are not due during the period.

Judge Aron directed the Trustee to report to the Court on March 22,
2017, on the operations of the Debtor and the estate during the
cash use period, which report will include an itemization of
income, expenses paid, and expenses accrued but unpaid.

A further hearing on the continued use of cash collateral will be
held on March 22, 2017 at 2:00 p.m.

A full-text copy of the Order, dated March 9, 2017, is available at
https://is.gd/Uu3CZS

                 About Sam Bass Illustration & Design

Sam Bass Illustration & Design, Inc., filed a chapter 11 petition
(Bankr. M.D.N.C. Case No. 16 51021) on Oct. 3, 2016.  The petition
was signed by Denise W. Bass, co-owner and secretary/treasurer.
The Debtor estimated assets at less than $50,000 and liabilities at
$100,000 to $500,000 at the time of the filing.  

The Debtor is represented by attorney Kristen Scott Nardone, Esq.,
at Davis Nardone, PC.  The Debtor engaged Gordon, Keeter & Co. as
accountant.  The Debtor tapped Iron Horse Auction Co., Inc. to
auction personal property.

No Official Committee of Unsecured Creditors has been appointed in
the Chapter 11 case.


SAM BASS: Sale Personal Property by Iron Horse Auction Approved
---------------------------------------------------------------
Judge Catherine R. Aron of the U.S. Bankruptcy Court for the Middle
District of North Carolina authorized Sam Bass Illustration &
Design, Inc., to sell by auction its personal property located at
4030 Concord Pkwy. S., Concord, North Carolina, to be conducted by
Iron Horse Auction Co., Inc.

A hearing on the Motion was held on March 8, 2017.

Specifically, the property consists of approximately 50 pieces of
original Sam Bass art, 70 collector guitars, and 20 guitar
amplifiers.  It may also include some miscellaneous NASCAR and/or
rock and roll memorabilia.

The sale is free and clear of claims of the liens of the North
Carolina Department of Revenue and the Internal Revenue Service.
All liens against the Property to attach to the proceeds of the
sale.

The payment of the sale proceeds will be paid as follows: (i) the
cost of sale; (ii) the satisfaction of liens on the Property in
order of priority; (iii) approved administrative claims; and (iv)
any remaining proceeds to be held in the Debtor's attorney's trust
account pending further Orders of the Court.

The 14 day stay of the order approving the sale under F.R.C.P.
6004(h) is waived.

The Debtor is required to file a final report of sale with the
Court in accordance with F.R.C.P. 6004(f).

            About Sam Bass Illustration & Design

Sam Bass Illustration & Design, Inc., filed a chapter 11 petition
(Bankr. M.D.N.C. Case No. 16 51021) on Oct. 3, 2016.  The petition
was signed by Denise W. Bass, co-owner and secretary/treasurer.
The
Debtor estimated assets at $0 to $50,000 and liabilities at
$100,001 to $500,000 at the time of the filing.  

The Debtor is represented by attorney Kristen Scott Nardone, Esq.,
at Davis Nardone, PC.  The Debtor engaged Gordon, Keeter & Co. as
accountant.

No Official Committee of Unsecured Creditors has been appointed in
the Chapter 11 case.


SEANERGY MARITIME: Agrees with Lenders to Amend Credit Facilities
-----------------------------------------------------------------
Seanergy Maritime Holdings Corp. filed a Form 6-K report with the
Securities and Exchange Commission to disclose these recent
developments relating to the Company's financing agreements:

November 2015 Alpha Bank A.E. Loan Facility:

The Company reached an agreement with Alpha Bank A.E. with respect
to the loan facility dated Nov. 4, 2015, to defer the application
date of a certain covenant until the second quarter of 2018.
Specifically, the Company and Alpha Bank A.E. agreed to the
following amendment: Deferral from Jan. 1, 2018, to April 1, 2018,
of the security requirement that the market value of Squireship
plus any additional security to the total facility outstanding will
not be less than 125%.

HSH Nordbank AG Loan Facility:

The Company reached an agreement with HSH Nordbank AG with respect
to the loan facility dated Sept. 1, 2015, and related guarantee to
defer the application date of certain covenants until the second
quarter of 2018. Specifically, the Company and HSH Nordbank AG
agreed to the following amendments:

   1. Deferral from Oct. 1, 2017, to May 1, 2018, of the security
      coverage requirement that the market value of the Geniuship
      and Gloriuship plus any additional security to total
      facility outstanding and any Swap Exposure (as defined in
      the HSH Loan Facility) not be less than 120%;

   2. Deferral from Dec. 31, 2017, to June 30, 2018, of the
      requirement that the Company, on a consolidated basis,
      maintain a percentage ratio of total liabilities (excluding
      any shareholders' convertible notes) to total assets (less
      any activated goodwill) that does not exceed 75%; and

   3. Deferral from the quarter ended Dec. 31, 2017, to the
      quarter ended June 30, 2018, of the requirement that the
      Company maintain a ratio of EBITDA (excluding any gains and
      losses on the disposal of subsidiaries or vessels and
      impairments on goodwill and vessels) to interest payments
      that is not less than 2:1.

Natixis Loan Facility:

The Company reached an agreement with Natixis with respect to the
loan facility dated Dec. 2, 2015, to defer the application date of
certain covenants until the second quarter of 2018.  Specifically,
the Company and Natixis agreed to the following amendments:

   1. Waiver from Feb. 1, 2017, to May 2, 2018, of the security
      coverage requirement that the market value of Championship
      plus any additional security to total facility outstanding
      will not be less than 120%;

   2. Waiver from Jan. 1, 2018, to May 2, 2018, of the requirement
      that the Company maintain a Leverage Ratio (as defined in
      the Natixis Loan Facility) that does not exceed 75%;

   3. Waiver from Jan. 1, 2018, to May 2, 2018, of the requirement
      that the Company maintain a ratio of EBITDA (as defined in
      the Natixis Loan Facility) to Net Interest Expense (as
      defined in the Natixis Loan Facility) that is not less than
      2:1; and

   4. Waiver from Jan. 1, 2018, to May 2, 2018, of the Borrower's
      Minimum Liquidity requirement (as defined in the Natixis
      Loan Facility) and of the requirement of the Guarantor to
      maintain cash and cash equivalents in a specified amount.

UniCredit Bank AG Loan Facility:

The Company reached an agreement with Unicredit Bank AG with
respect to the loan facility dated Sept. 11, 2015, to defer the
application date of certain covenants until the second quarter of
2018.  Specifically, the Company and Unicredit Bank AG agreed to
the following amendments:

   1. Deferral from June 30, 2017, to May 1, 2018, of the security
      coverage requirement that the market value of Premiership,
      Gladiatorship and Guardianship plus any additional security
      to total facility outstanding and the cost (if any) of
      terminating any transactions entered into under the Hedging
      Agreement (as defined in the UniCredit Loan Facility) will
      not be less than 120%;

   2. Deferral from Sept. 30, 2017, to June 30, 2018, of the
      requirement that the Company maintain a Leverage Ratio (as
      defined in the UniCredit Loan Facility) that does not exceed
      75%; and

   3. Deferral from Sept. 30, 2017, to June 30, 2018, of the
      requirement that the Company maintain a ratio of EBITDA (as
      defined in the UniCredit Loan Facility) to Net Interest
      Expense (as defined in the UniCredit Loan Facility) that is
      not less than 2:1.

A full-text copy of the Form 6-K is available for free at:

                     https://is.gd/XqVFfH

                       About Seanergy

Athens, Greece-based Seanergy Maritime Holdings Corp. is an
international company providing worldwide seaborne transportation
of dry bulk commodities.  The Company owns and operates a fleet of
seven dry bulk vessels that consists of three Handysize, two
Supramax and two Panamax vessels.  Its fleet carries a variety of
dry bulk commodities, including coal, iron ore, and grains, as well
as bauxite, phosphate, fertilizer and steel products.

For the year ended Dec. 31, 2015, the Company reported a net loss
of US$8.95 million on US$11.2 million of net vessel revenue
compared to net income of US$80.3 million on US$2.01 million of net
vessel revenue for the year ended Dec. 31, 2014.

As of Sept. 30, 2016, Seanergy had US$203.60 million in total
assets, US$184.45 million in total liabilities and US$19.15 million
in stockholders' equity.

Ernst & Young (Hellas) Certified Auditors-Accountants S.A., in
Athens, Greece, issued a "going concern" qualification on the
consolidated financial statements for the year ended Dec. 31, 2015,
citing that the Company reports a working capital deficit and
estimates that it may not be able to generate sufficient cash flow
to meet its obligations and sustain its continuing operations for a
reasonable period of time, that in turn raise substantial doubt
about the Company's ability to continue as a going concern.


SEPCO CORPORATION: Hires Selman Breitman as Asbestos Counsel
------------------------------------------------------------
Sepco Corporation seeks authority from the U.S. Bankruptcy Court
for the Northern District of Ohio to employ Selman Breitman LLP as
special counsel to the Debtor.

Sepco Corporation requires Selman Breitman to provide legal
representation in the Debtor's asbestos-related litigation.

Although new non-bankruptcy litigation against the Debtor has been
stayed under 11 U.S.C. Section 362(a) since the filing of the
Chapter 11 case, Selman Breitman, on behalf of the Debtor,
nonetheless has continued to receive inquiries from attorneys
representing asbestos claimants and from courts in which
pre-bankruptcy actions are pending, and otherwise has had to
communicate with plaintiffs about still-pending lawsuits in which
the Debtor is a party.

In addition, despite the automatic stay, some plaintiffs, then
unaware of Debtor's chapter 11 bankruptcy, nonetheless have
continued to name the Debtor as one of many defendants in new
lawsuits still being filed in various parts of the U.S.

Selman Breitman will be paid at these hourly rates:

     Alan Scott Goldberg                 $375
     Karen Goldberg                      $325
     Deborah Philcox                     $125

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

Alan Scott Goldberg, partner of Selman Breitman LLP, assured the
Court that the firm is a "disinterested person" as the term is
defined in Section 101(14) of the Bankruptcy Code and does not
represent any interest adverse to the Debtor and its estates.

Selman Breitman can be reached at:

     Alan Scott Goldberg, Esq.
     SELMAN BREITMAN LLP
     11766 Wilshire Blvd., 6th Floor
     Los Angeles, CA 90025
     Tel: (310) 445-0800

                      About Sepco Corporation

Aurora, Ohio-based Sepco Corporation filed a Chapter 11 bankruptcy
petition (Bankr. N.D. Ohio. Case No. 16-50058) on Jan. 14, 2016.
The petition was signed by Richard J. Szekelyi as chief
restructuring officer. At the time of filing, the Debtor had
estimated assets and liabilities ranging from $10 million to $50
million each.

Buckley King, LPA represents the Debtor as counsel. The Debtor
employed Kurtzman Carson Consultants LLC as its notice, balloting,
and claims agent.

The case has been assigned to Judge Alan M. Koschik.

Daniel M. McDermott, the United States Trustee for Region 9,
appointed seven creditors to serve on the committee of asbestos
claimants, namely: (1) Thomas P. Glembocki; (2) Raymond Grzywinski;
(3) Morris Jacks; (4) John Lavender; (5) Joachim Hans Lohman; (6)
Harry David Tift; and (7) Patrick M. Walsh.

The Official Committee of Asbestos Claimants in the bankruptcy case
of Sepco Corporation retained Caplin & Drysdale, Chartered, as its
counsel and Brouse McDowell, A Legal Professional Association, as
its Ohio co-counsel, and Gilbert LLP as its special counsel.


SHIROKIA DEVELOPMENT: Hires Besen as Real Estate Broker
-------------------------------------------------------
Shirokia Development, LLC and Shirokia Mezz I, LLC, seek authority
from the U.S. Bankruptcy Court for the Southern District of New
York to employ Besen and Associates as real estate advisor and
broker to the Debtor.

Shirokia Development requires Besen to:

   a. assist the Debtor in marketing and selling its real
      property located at 142-28 38th Avenue, Flushing, NY 11354
      ("Property");

   b. conduct an auction of the Property; and

   c. obtain financing to fund a plan of reorganization by re-
      financing the debt secured by the Property.

Upon closing of purchase of the Property, Besen will be paid a
commission of 1.5% of the sale price. Upon closing of a re-finance
of the debt secured by the Property, Besen will be paid .75% of the
amount of funding from any non-insider source, or 1% of such
financing in the event Besen is responsible for introducing the
Debtor to the person or entity who provides the financing.

Greg Corbin, executive managing director of Besen and Associates,
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.

Besen can be reached at:

     Greg Corbin
     BESEN AND ASSOCIATES
     381 Park Avenue South
     New York, NY 10016
     Tel: (212) 689-8488

                 About Shirokia Development, LLC

Shirokia Development, LLC, a single asset real estate business
based in Flushing, New York, filed a chapter 11 petition (Bankr.
E.D.N.Y. Case No. 16-45568) on Dec. 9, 2016. The petition was
signed by Hong Qin Jiang, sole member. The Debtor is represented by
Dawn Kirby, Esq., at Delbello Donnellan Weingarten Wise &
Wiederkehr. The Debtor disclosed total assets at $27 million and
total liabilities at $21.80 million.


SKG THE PARK: Taps Schwartz Flansburg as Legal Counsel
------------------------------------------------------
SKG The Park at Spanish Ridge, LLC seeks approval from the U.S.
Bankruptcy Court for the District of Nevada to hire legal counsel
in connection with its Chapter 11 case.

The Debtor proposes to hire Schwartz Flansburg 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 range from $275 to $625 for
attorneys and $75 to $215 for legal assistants and support staff.

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

The firm can be reached through:

     Samuel A. Schwartz, Esq.
     Bryan A. Lindsey, Esq.
     M. Michelle Nisce, Esq.
     Schwartz Flansburg PLLC
     6623 Las Vegas Blvd. South, Suite 300
     Las Vegas, Nevada 89119
     Tel: (702) 385-5544
     Fax: (702) 385-2741
     Email: sam@nvfirm.com

              About SKG The Park at Spanish Ridge

SKG The Park at Spanish Ridge, LLC sought protection under Chapter
11 of the Bankruptcy Code (Bankr. D. Nev. Case No. 17-10955) on
March 1, 2017.  The petition was signed by Jerry Kramer and John
Schadler, managing members.  The case is assigned to Judge Mike K.
Nakagawa.

At the time of the filing, the Debtor disclosed $28.36 million in
assets and $24.49 million in liabilities.


SLUSS & RAY: Hires Hinkle Law Firm as Insolvency Counsel
--------------------------------------------------------
Sluss & Ray, LLC, seeks authority from the U.S. Bankruptcy Court
for the District of Kansas to employ Hinkle Law Firm LLC as
insolvency counsel to the Debtor.

Sluss & Ray requires Hinkle to:

   a. advise the Debtor of its rights, powers and duties as a
      Debtor-in-Possession, including those with respect to the
      continued operation and management of its business and
      property;

   b. advise the Debtor concerning and assist in the negotiation
      and documentation of financing agreements, cash collateral
      orders and related transactions;

   c. investigate into the nature and validity of liens asserted
      against the property of the Debtor, and advise the Debtor
      concerning the enforceability of said liens;

   d. investigate and advise the Debtor concerning and take such
      action as may be necessary to collect income and assets in
      accordance with applicable law, and recover property for
      the benefit of the Debtor's estate;

   e. prepare on behalf of the Debtor such applications, motions,
      pleadings, orders, notices, schedules and other documents
      as may be necessary and appropriate, and review the
      financial and other reports to be filed herein;

   f. advise the Debtor concerning and prepare responses to
      applications, motions, pleadings, notices and other
      documents which may be filed and served herein;

   g. counsel the Debtor in connection with the formulation,
      negotiation and promulgation of plan or plans of
      reorganization and related documents; and

   h. perform such other legal services for and on behalf of the
      Debtor as may be necessary or appropriate in the
      administration of the case.

Hinkle will be paid at these hourly rates:

     Edward J. Nazar               $300
     Martin R. Ufford              $265
     W. Thomas Gilman              $265
     Nicholas R. Grillot           $215

Hinkle will be paid a retainer in the amount of $16,500.

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

Edward J. Nazar, partner of Hinkle Law Firm 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.

Hinkle can be reached at:

     Edward J. Nazar, Esq.
     HINKLE LAW FIRM LLC
     301 North Main, Suite 2000
     Wichita, KS 67202
     Tel: (316) 267-2000
     Fax: (316) 264-1518

              About Sluss & Ray, LLC

Sluss & Ray LLC, based in Wichita, KS, filed a Chapter 11 petition
(Bankr. D. Kan. Case No. 17-10301) on March 9, 2017. The Hon. Dale
L. Somers presides over the case. Edward J. Nazar, Esq., at Hinkle
Law Firm LLC, to serve as bankruptcy counsel.

In its petition, the Debtor estimated $86,340 in assets and $1.22
million in liabilities. The petition was signed by Chad Raymond,
owner.



SLUSS & RAY: Wants Authority to Use Emprise Bank Cash Collateral
----------------------------------------------------------------
Sluss & Ray LLC seeks authorization from the U.S. Bankruptcy Court
District of Kansas to use cash collateral.

The Debtor believes that these parties may claim an interest upon
its cash collateral resources:

      (1) Emprise Bank has a first security interest on all
inventory, chattel paper, accounts, equipment, general intangibles,
instruments and fixtures;

      (2) ASSN Company may claim an interest on all assets now
owned or hereafter acquired and wherever located;

      (3) National Funding, Inc., may claim an interest on all
inventory, chattel paper, accounts, accounts receivable, equipment,
general intangibles, furniture and fixtures;

      (4) Merchant Money Company may claim an interest on all
proceeds of each future sale by the Debtor.

The Debtor intends to use Cash Collateral through Dec. 31, 2017,
for working capital and capital expenditures, other general
operating purposes, and to pay the costs and expenses of
administering this case, all in compliance with a cash collateral
budget.

The Debtor's principal source of revenue is from the collection of
credit card receivables and cash payments associated with the
transmission repair business.  The Debtor avers that it does not
have available sources of working capital and financing to carry on
the operation of its business without the use of Cash Collateral,
and as such, the Debtor requires the use of Cash Collateral to
continue to operate which is critical to preserve and maintain the
going concern value of the Debtor.

As adequate protection, the Debtor proposes to provide Emprise
Bank:

      (a) additional and replacement continuing valid, binding,
enforceable, non-avoidable and automatically perfected
post-petition security interests in and liens on any and all
presently owned and hereafter acquired personal property and all
other assets of the Debtor and its estate, together with any
proceeds thereof.

      (b) to the extent provided by Sections 503(b) and 507(b) of
the Bankruptcy Code, an allowed superpriority administrative
expense claim in this case and any successor case; and

      (c) postpetition non-default interest under 11 U.S.C. Section
506(b) on all cash collateral.

A full-text copy of the Debtor's Motion, dated March 9, 2017, is
available at http://tinyurl.com/j9xy5uf

                          About Sluss & Ray LLC

Sluss & Ray LLC, d/b/a Amaco, d/b/a C & M Empire, LLC, d/b/a
Aamcot, LLC, d/b/a CCWRW, LLC, filed a Chapter 11 bankruptcy
petition (Bankr. D. Kan. Case No. 17-10301) on March 9, 2017.  The
petition was signed by Chad Raymond, owner. The case is assigned to
Judge Dale L. Somers.  The Debtor is represented by Edward J.
Nazar, Esq. at Hinkle Law Firm, L.L.C. At the time of filing, the
Debtor had $86,340 in total assets and $1.22 million in total
liabilities.


SNACK SHACK: Taps David T. Cain as Legal Counsel
------------------------------------------------
Snack Shack, LLC seeks approval from the U.S. Bankruptcy Court for
the Western District of Texas to hire legal counsel in connection
with its Chapter 11 case.

The Debtor proposes to hire the Law Office of David T. Cain to give
legal advice regarding its duties under the Bankruptcy Code,
prepare a bankruptcy plan, and provide other legal services.

David Cain, Esq., will charge an hourly rate of $300 for his
services.

Mr. Cain disclosed in a court filing that he does not hold or
represent any interest adverse to the Debtor's bankruptcy estate.

Mr. Cain maintains an office at:

     David T. Cain, Esq.
     Law Office of David T. Cain
     8610 N. New Braunfels Ave., Suite 309
     San Antonio, TX 78217-6358
     Phone: (210) 308-0388
     Fax: (210) 341-8432
     Email: caindt@swbell.net

                      About Snack Shack LLC

Based in San Antonio, Texas, Snack Shack, LLC operates two stores
known as the Bourbon Street Candy Company.  The Debtor's
business involves the retail sales of candy and other food
products.

The Debtor filed a Chapter 11 petition (Bankr. W.D. Tex. Case
No. 17-50238) on February 2, 2017.  The petition was signed by
Daniel F. Diotte, managing member.  

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


SOMERSET THOR: Trustee Selling Branchburg Property for $3
---------------------------------------------------------
Valerie A. Hamilton, the post-confirmation trustee for Somerset
Thor Building Realty Holding, L.P., asks the U.S. Bankruptcy Court
for the District of New Jersey to authorize the private sale of the
Debtor's interest in certain parcels of real property commonly
known as 3421 Route 22, Branchburg, New Jersey and certain personal
property located thereon, to Cynzer Properties-Edison, Inc. for
$3,000,000.

The Debtor and the Purchaser entered into Asset Purchase Agreement,
dated March 9, 2017.

Upon information and belief, the Debtor is the fee simple owner of
(i) vacant land identified on the tax maps for the Township of
Branchburg as Block 9, Lot 5.01 ("Lot 5.01"); (ii) vacant land
consisting of a parking lot, detention basin and private road way,
identified on the tax maps for the Township of Branchburg as Block
9, Lot 3.02 ("Lot 3.02"), and (iii) a lot improved with a 64,000
+/- sq. ft. building ("Building") and identified on the tax maps
for the Township of Branchburg Block 9, Lot 4.01.  Collectively,
the Lots are commonly known as the Property.

By Confirmation Order, dated Feb. 24, 2016, the Court confirmed the
Debtor's Fourth Modified Chapter 11 Plan Of Reorganization.  The
Debtor, the predecessor-in-interest to the Trustee and Crusader
Servicing Corporation entered into a certain Settlement Agreement,
dated May 13, 2015, which resolved certain issues between the
parties thereto.  Among other things, the Settlement Agreement
authorized and directed the Trustee to take certain actions
(including the sale of the Lots) in the event the Debtor defaulted
under the Settlement Agreement.  The Settlement Agreement was
incorporated into, and made a part of, the Plan and Confirmation
Order by reference.

By Order, dated Nov. 16, 2016, the Court determined that the Debtor
had defaulted on its monetary obligations under the Settlement
Agreement and the Plan, and that the Debtor had failed to cure such
defaults, despite notice and an opportunity to do so.  Accordingly,
the Court directed the Trustee to promptly proceed with the sale of
the Lots.

By Order dated Dec. 22, 2016, the Bankruptcy Court approved the
Trustee's motion to retain Zimmel Associates as the Trustee's real
estate broker.

The Trustee has received an offer from Cyzner to purchase the Lots
for $3,000,000 through a private sale, not subject to higher and
better offers.  

The Trustee seeks to complete a sale of the Lots as soon as
practicable in order to comply with the Court's Nov. 16, 2016 Order
directing the prompt sale of the Lots, effectuate the terms of the
Settlement Agreement and confirmed Plan, and maximize the value of
the Lots by limiting the amount of indebtedness owed to Crusader
and other tax lien holders against the Lots.

The Lots are the subject of several tax and municipal sewer liens
that are accruing interest at rates up to 18%.  In the absence of a
sale, the existing liens against the Lots will continue to increase
on a daily basis.

Upon information and belief, the Lots are subject to these
estimated liens and interests:

          a. Block 9, Lot 3.02 - Township of Branchburg: $541,608;

          b. Block 9, Lot 4.01 - (i) U.S. Bank: $361,954 and (ii)
Crusader: $1,390,802;

          c. Block 9, Lot 5.01 - (i) Empire Tax Lien Fund: $49,182;
(ii) Stuart Lasher: $21,471; and (iii) Stuart Lasher: $6,880.

In addition to accruing municipal and tax liens, the Trustee
learned that the Debtor ceased paying post-confirmation taxes,
maintenance and utility bills for the Building.  As a result, tax
sale certificate holders have paid taxes and added it to the
Debtor's indebtedness.  All utility service to the Building was
terminated due to the Debtor's non-payment.  The Debtor owed $8,896
in charges to PSE&G for post-petition gas service and $11,347 to
JCP&L for post-petition electricity service.  There are no tenants
in the Building, meaning that there is no income available to the
Trustee to satisfy the Debtor's breaches to the utility providers
or to provide basic maintenance on the Building and supporting
lots.

Using funds advanced by Crusader, the Trustee has reached an
agreement with PSE&G to restore gas service to the Building so that
a minimum level of heat can be maintained in the Building to
prevent damage to the Building's pipes.  The Trustee presently has
insufficient funds to restore and maintain future electrical
service to the Building.  In order to minimize these and other
administrative costs, the Trustee seeks expedited approval of the
private sale of the Lots.

The key terms of the APA are:

          a. In general, the APA provides for the sale to the
Purchaser of the Lots and all personal property located thereon,
free and clear of all liens, claims, interests and encumbrances.  

          b. The Purchaser will purchase the Lots, "as is, where
is," for a purchase price of $3,000,000 in cash at the Closing.
The Closing of the sale transaction is not contingent upon the
performance of additional due diligence or financing.

          c. Closing on the sale of the Lots with occur within 30
days following the entry of an order approving the sale of the
Lots, but is expected to close much sooner.

          d. The Purchaser has paid a $100,000 deposit to the
Trustee, which sum is being held by the Trustee's counsel.  Upon
the filing of the Motion, the Purchaser is required to increase its
deposit to $200,000.  The deposit is non-refundable in the event of
the Purchaser's breach of the APA.

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

      http://bankrupt.com/misc/Somerset_Thor_376_Sales.pdf

In accordance with the terms of the Trustee's retention order, if
the proposed sale of the Lots to the Purchaser is approved, the
Trustee's real estate broker will be entitled to a commission equal
to 3% of the sale price, or $90,000.  The Trustee requests approval
of the Broker's commission, with such amount to be paid at
closing.

The Trustee asks authorization to sell the Lots to the Purchaser
pursuant to the terms of the APA.  The Trustee believes that such
sale will maximize the value of the estates and benefit all
interested parties.  A sale of the type contemplated by the Trustee
will not generate the best return possible without the relief.

Time is of the essence.  The APA provides that closing is to occur
30 days after entry of the order approving the sale.  The Debtor
asks the Court to waive the 14-day stay of the Sale Order pursuant
to Bankruptcy Rule 6004(h).

The Purchaser can be reached at:

          CYZNER PROPERTIES-EDISON, INC.
          Attn: Ira Cyzner, President
          192 Route 22
          Green Brook, NJ

Counsel for the Trustee:

          Valerie A. Hamilton, Esq.
          SILLS CUMMIS & GROSS, P.C.
          600 College Road East
          Princeton, NJ 08540
          Telephone: (609) 227-4600
          Facsimile: (609) 227-4646
          E-mail: vhamilton@sillscummis.com

                      About Somerset Thor

Somerset Thor Building Realty Holdings, LP, based in Morristown,
NJ, filed a Chapter 11 petition (Bankr. D.N.J. Case No. 13-12660)
on February 11, 2013. The Novalyn L. Winfield presides over the
case. Morris S. Bauer, Esq., at Norris McLaughlin & Marcus, PA, to
serve as bankruptcy counsel.

In its petition, the Debtor estimated $1,000,001 to $10,000,000 in
both assets and liabilities. The petition was signed by Lawrence S.


SOTERA WIRELESS: Debtors to be Substantially Consolidated
---------------------------------------------------------
Sotera Wireless, Inc., and Sotera Research, Inc., filed with the
U.S. Bankruptcy Court for the Southern District of California a
disclosure statement referring to the Debtors' second amended
Chapter 11 plan of reorganization proposing that Wireless and
Research will be substantially consolidated for all purposes.

The Plan provides for the reorganization of Sotera through equity
financing of $30 million (including conversion of the DIP Loan
Obligation) in which the Reorganized Debtor will issue new common
and preferred stock in accordance with the Plan and the Exit
Financing Agreement.  The Reorganized Debtor will also enter into
the Reorganized Term Loan, providing the Reorganized Debtor with up
to $20 million in funds as a secured loan.

In the Second Amended Disclosure Statement, the Debtors disclosed
that Class 2 - Secured Prepetition Loan Claim is estimated to total
$15,369,084.  The prior Disclosure Statement said the estimated
total amount of the Class 2 claim is $14,874,316.27.

Sotera and the Reorganized Debtor also reserved all objections to
the amount or validity of any claim, specifically the claims
asserted by Zoll Medical Corporation, James Welch, and Tim
Wollaeger.  Sotera, as of March 6, has not yet completed its
analysis into and investigation of the Claims and objections
thereto.

Class 6 Other Unsecured Claims -- estimated at $19,583,707.97 --
will be (i) paid in full (with interest at the federal judgment
rate) from the Class 6 pool; or (ii) paid pro rata from the Class 6
pool on the Effective Date.  Allowed Other Unsecured Claims will be
paid as follows:

     a. in the event of a Reorganization Plan Event No. 1, each
        holder of an allowed Class 6 Claim will be paid in full
        from the Class 6 Pool as of the Effective Date an amount
        equal to the amount of its allowed claim with interest at
        a rate equal to the federal judgment rate in effect as of
        the Petition Date from the Petition Date through the
        Effective Date.  Unexpended amounts in the Class 6 Pool,
        after reconciliation of all Class 6 Claims, will be paid
        to the Reorganized Debtor.  Estimated percentage recovery
        is 100%;

     b. in the event of a Reorganization Plan Event No. 2, each
        holder of an allowed Class 6 Claim will receive a pro rata
        share of the Class 6 Pool.  Estimated percentage recovery
        is 17-99%.

This class is impaired by the Plan.

The Plan will be funded through the Exit Financing Agreement and
the Reorganization Term Loan.  The Exit Financing Agreement
provides for the sale and issuance of New Series A Preferred Stock
in the aggregate amount of $30 million to certain existing and new
investors, including conversion of any DIP Loan Obligation held by
such parties.  In addition, those holders of Convertible Preferred
Interests of Wireless that purchase a specified percentage of the
total number of shares of New Series A Preferred Stock sold
pursuant to the Exit Financing Agreement, including the shares of
New Series A Preferred Stock issued upon conversion of any DIP Loan
Obligation, will be issued two (2.0) shares of Junior Preferred
Stock for each share of Common Stock and Convertible Preferred
Interests it formerly held in Wireless.  The Exit Financing
Agreement also provides that each DIP Lender will receive warrants
exercisable for that number of shares of New Series A Preferred
Stock equal to 25% of the aggregate amount invested by the DIP
Lender in the New Series A Preferred Stock, including conversion of
any DIP Loan Obligation, divided by the issuance price of the New
Series A Preferred Stock.  The New Series A Preferred Stock and
Junior Preferred Stock will have certain rights, preferences and
privileges, including with respect to dividends, liquidation
preference, conversion, antidilution, voting, board designation
rights, information rights, registration rights and preemptive
rights.

In addition, the Exit Financing Agreement provides that
concurrently with the first private equity financing of the
Reorganized Debtor that is completed within five years following
the Effective Date (or, if an initial public offering or certain
acquisition transactions involving the Reorganized Debtor are
completed prior to any private equity financing of the Reorganized
Debtor, then immediately prior to the initial public offering or
acquisition transaction), (i) entities associated with Sanderling
Ventures would have the right, but not the obligation, to purchase
$5 million of additional New Series A Preferred Stock and (ii) each
holder of Convertible Preferred Interests of Wireless, other than
entities associated with Foxconn, entities associated with
Sanderling Ventures, and Ken Buechler, would have the right, but
not the obligation, to purchase its pro rata share of $5 million of
additional New Series A Preferred Stock.  This New Series A
Preferred Stock would have the same rights, preferences and
privileges as the New Series A Preferred Stock issued on the
Effective Date.  In addition, an existing holder of Convertible
Preferred Interests of Wireless, other than those excluded, that
purchases at least 2/3 of its pro rata share of $5 million of
additional New Series A Preferred Stock pursuant to subsection (ii)
above would be issued two (2.0) shares of Junior Preferred Stock
for each share of Common Stock and Convertible Preferred Interests
it formerly held in Wireless.

A copy of the Disclosure Statement is available at:

         http://bankrupt.com/misc/casb16-05968-504.pdf

As reported by the Troubled Company Reporter on Feb. 27, 2017, the
Debtors filed with the Court a disclosure statement describing the
Debtors' first amended Chapter 11 plan of reorganization.  Under
that plan, holders of Claims in Class 5 (Trade Claims) would be
paid an amount equal to 90% of their allowed claim with the balance
of 10% due with interest at 8%, 180 days from the Effective Date.

                      About Sotera Wireless

Sotera Wireless, Inc., and Sotera Research, Inc., filed Chapter 11
petitions (Bankr. S.D. Cal. Case Nos. 16-05968 and 16-05969) on
Sept. 30, 2016.  The cases are assigned to Judge Laura S. Taylor.

The Debtors are represented by Victor A. Vilaplana, Esq., and
Marshall J. Hogan, Esq., at Foley & Lardner LLP.  The Debtors
employed Robert L. Eisenbach III, Esq., and J. Michael Kelly, Esq.,
at Cooley LLP as their special counsel.  The Debtors also tapped
Peter Schwab and Piper Jaffray & Co. as their investment banker;
Jodi L. Smith of Ernst & Young, LLP as auditor.

At the time of the filing, Sotera Wireless estimated assets and
liabilities at $10 million to $50 million, while Sotera Research
estimated assets at $1 million to $10 million and liabilities at
$10 million to $50 million.

On October 20, 2016, the Office of the U.S. Trustee appointed an
official committee of unsecured creditors.  The committee members
are: (1) ZhongHuan Hi-Tech Corp.; (2) Nortech Systems, Inc. NW; and
(3) Custom Converting, Inc.  Christopher V. Hawkins, Esq. at
Sullivan Hill Lewin Rez & Engel, APLC serves as the committee's
legal counsel.

On Oct. 20, 2016, the Office of the U.S. Trustee appointed an
official committee of unsecured creditors.  Sullivan Hill Lewin Rez
& Engel, APLC serves as the committee's legal counsel.


SOUTHEASTERN STUD: Suit vs Whaley, et al., Remanded to State Court
------------------------------------------------------------------
Judge W. Harold Albritton of the United States District Court for
the Middle District of Alabama, Northern Division, granted the
plaintiff's motion to remand the case captioned J. LESTER
ALEXANDER, III, Acting in his capacity as Trustee of Southeastern
Stud and Components, Inc., Plaintiff, v. KENNON WHALEY, ERIC
LAMBERT, MSSES HOLDINGS, LLC, and THE MILL STEEL COMPANY,
Defendants, Case No. 2:16-cv-00921-WHA-CSC (M.D. Ala.) to the
Circuit Court of Montgomery County, Alabama.

The Trustee originally filed a complaint in the Alabama state court
on October 24, 2016.  The complaint included state-law claims for
breach of fiduciary duties of care, good faith, and loyalty against
Kennon Whaley and against Eric Lambert, MSSES Holdings LLC, and The
Mill Steel Company (collectively, the "Mill Steel Defendants").

On November 28, 2016, the Mill Steel Defendants timely removed the
case to the District Court on the basis of two separate and
independent grounds:

     (i) diversity jurisdiction, alleging that Whaley, a resident
         of the State of Alabama, had been fraudulently joined as
         a defendant and

     (ii) bankruptcy jurisdiction under 28 U.S.C. section 1334
          because it relates to pending bankruptcy proceedings.

On December 22, 2016, the Trustee filed a motion to remand, arguing
that the court lacks diversity jurisdiction and that, even if the
court has related to jurisdiction, it is required to abstain from
hearing the case.

First, Trustee argued in its motion to remand that removal is
improper because diversity of citizenship is lacking, as the
bankrupt, Southeastern Stud, and Whaley are both citizens of
Alabama.  The Mill Steel Defendants responded that Whaley's
citizenship should be ignored, because the Trustee fraudulently
joined Whaley to the action for purposes of defeating diversity
jurisdiction.

Judge Albritton agreed with the Trustee that the case should be
remanded to the state court because no fraudulent misjoinder
occurred.  The judge found that the Trustee's joinder of Whaley was
proper under Rule 20.  The judge also found that even if it could
be said that there was a misjoinder under Rule 20, the Mill Steel
Defendants would not have carried their burden to show, by clear
and convincing evidence, that the misjoinder was "egregious."

The Mill Steel Defendants also asserted in their notice of removal
that the District Court has "related to" jurisdiction pursuant to
28 U.S.C. section 1334.  The Trustee argued in his motion to remand
that, while the court does have related to jurisdiction, the court
cannot entertain the matter because 28 U.S.C. section 1334(c)(2)
"requires that the Court abstain from exercising its jurisdiction
and remand the Trustee's Original Complaint to state court."

Judge Albritton found that all elements of section 1334(c)(2) are
met, and that the District Court must abstain from exercising
jurisdiction over the case.

A full-text copy of Judge Albritton's February 21, 2017 memorandum
opinion and order is available at https://is.gd/s3I6LE from
Leagle.com.

J. Lester Alexander, III is represented by:

          Brent Bennett Barriere, Esq.
          Degan Skylar Rosenbloom, Esq.
          FISHMAN HAYGOOD LLP
          201 St. Charles Avenue, Suite 4600
          New Orleans, LA 70170-4600
          Tel: (504)586-5252
          Email: bbarriere@fishmanhaygood.com
                 srosenbloom@fishmanhaygood.com

            -- and --

          James Roy Pratt, III, Esq.
          JAMES PRATT LLC
          2 North 20th., Ste. 950
          Birmingham, AL 35203
          Tel: (205)418-1700
          Email: james@jamesprattllc.com

Eric Lambert, MSSES Holdings, LLC, The Mill Steel Company, are
represented by:

          Brent D. Hitson, Esq.
          Derek Firth Meek, Esq.
          Devin Clarke Dolive, Esq.
          Michael Leo Hall, Esq.
          Stanley Gregory Burge, Esq.
          BURR & FORMAN LLP
          420 North 20th Street, Suite 3400
          Birmingham, AL 35203
          Tel: (205)251-3000
          Fax: (205)458-5100
          Email: bhitson@burr.com
                 dmeek@burr.com
                 ddolive@burr.com
                 mhall@burr.com
                 gburge@burr.com

          About Southeastern Stud and Components

Southeastern Stud & Components, based in Montgomery, first filed
for Chapter 11 bankruptcy (Bankr. M.D. Ala Case No. 09-30765) on
March 23, 2009.  James L. Day, Esq., at Memory & Day, served as
counsel in the 2009 case.  A copy of the 2009 petition, including
a list of the Debtor's largest unsecured creditors, is available
for free at http://bankrupt.com/misc/almb09-30765.pdf The  
petition was signed by Kennon W. Whaley, Sr., chairman of the
Company.


SPORTS AUTHORITY: Wants Plan Filing Extended Through June 26
------------------------------------------------------------
TSAWD Holdings, Inc., et al., filed a fourth motion, seeking an
extension of their exclusive plan filing period through June 26,
2017 and their exclusive solicitation period through August 24,
2017.

Absent an extension, the Debtors have the exclusivity to file a
Chapter 11 plan through March 27.

The Debtors seek an additional extension of the Exclusive Periods
so that they may be afforded sufficient time to finish
reconciliations and other post-closing administrative tasks related
to their asset sales that commenced upon entry of the "Settlement
Approval Order."

The Settlement Approval Order refers to the Bankruptcy Court's
August 2016 approval of the Settlement Agreement between the
Debtors and the Prepetition Term Loan Agent.  The parties agreed to
waive preference claims that the Debtors may have. In exchange, the
Debtors, on behalf of themselves and their estates, provided the
Prepetition Term Loan Agent and other prepetition secured lenders a
waiver of any right to surcharge their collateral under section
506(c) of the Bankruptcy Code, and further stipulated to allow the
Prepetition Term Loan Agent's adequate protection claim in their
Chapter 11 Cases in the amount of $71 million.

Following this process, the Debtors will evaluate their assets and
administrative liabilities, on a Debtor-by-Debtor basis, in order
to determine if any chapter 11 plan is feasible with respect to one
or more of the Debtors.

The Debtors believe that it is appropriate to maintain the
Exclusive Periods so as to reduce any administrative expenses that
may be incurred in connection with any competing chapter 11 plans
that are filed before it can be determined whether any chapter 11
plan can be confirmed, and if so, which the Debtors have the
ability to do so.

                 About TSAWD Holdings Inc.

TSAWD Holdings Inc., formerly known as Sports Authority Holdings,
and its affiliates are sporting goods retailers with roots dating
back to 1928.  The Debtors currently operate 464 stores and five
distribution centers across 40 U.S. states and Puerto Rico.  The
Debtors offer a broad selection of goods from a wide array of
household and specialty brands, including Adidas, Asics, Brooks,
Columbia, FitBit, Hanesbrands, Icon Health and Fitness, Nike, The
North Face, and Under Armour, in addition to their own private
label brands.  The Debtors employ 13,000 people.

TSAWD and six of its affiliates filed Chapter 11 bankruptcy
petitions (Bankr. D. Del. Case Nos. 16-10527 to 16-10533) on March
2, 2016.  The petitions were signed by Michael E. Foss as chairman
& chief executive officer.

The Debtors have engaged Robert A. Klyman, Esq., Matthew J.
Williams, Esq., Jeremy L. Graves, Esq., and Sabina Jacobs, Esq.,
at Gibson, Dunn & Crutcher LLP as general counsel; Michael R.
Nestor, Esq., Kenneth J. Enos, Esq., and Andrew L. Magaziner, Esq.,
at Young Conaway Stargatt & Taylor, LLP as co-counsel; Rothschild
Inc. as investment banker; FTI Consulting, Inc., as financial
advisor; and Kurtzman Carson Consultants LLC as notice, claims,
solicitation, balloting and tabulation agent.

Andrew Vara, Acting U.S. trustee for Region 3, appointed seven
creditors of Sports Authority Holdings Inc. to serve on the
official committee of unsecured creditors.  Lawyers at Pachulski
Stang Ziehl & Jones LLP represent the Official Committee of
Unsecured Creditors.

                      *     *     *

In May 2016, the Delaware Court allowed Sports Authority to
Proceed with the liquidation of all of its roughly 450 stores
across the country after the Debtors resolved or beat out about 100
objections to the sale.  Judge Mary F. Walrath approved an
agreement for a joint venture of Gordon Brothers Retail Partners
LLC, Hilco Merchant Resources LLC and Tiger Capital Group LLC to
conduct going out of business sales.  The Joint Venture won an
auction for the Debtors' inventory.  The Debtors failed to obtain a
winning going-concern bid at a May 17, 2016 auction.

In July 2016, Judge Walrath approved the sale of the Debtors'
intellectual property and more than two dozens of property leases
to Dick's Sporting Goods Inc.  A Wall Street Journal report,
citing anonymous sources, said Dick's bid was for $15 million.


SQUARETWO FINANCIAL: S&P Affirms Then Withdraws 'CCC+' ICR
----------------------------------------------------------
S&P Global Ratings said it affirmed its 'CCC+' issuer credit rating
on SquareTwo Financial Corp. and subsequently withdrew all the
ratings on the company, including its debt ratings.  The outlook
was negative at the time of withdrawal.

"Our rating on SquareTwo Financial Corp. reflects the company's
private ownership, its exposure to regulatory and legislative risk
in the debt collections industry, substantial financial leverage,
and increased refinancing risk," said S&P Global Ratings credit
analyst Gaurav Parikh.

Because of management's lack of communication and transparency in
providing reliable, quality information, S&P revised its assessment
of the company's management and governance to "weak" from "fair"
prior to withdrawal.


STEINY AND COMPANY: Seeks Approval to Continue Using IRS Cash
-------------------------------------------------------------
Steiny and Company, Inc., asks the U.S. Bankruptcy Court for the
Central District of California to allow it to continue using cash
collateral on a final basis.

Currently, the Debtor has authority to use cash collateral through
March 31, 2017 pursuant to the First Cash Collateral Order entered
on January 23, 2017.

The Debtor tells the Court that the only sources of revenue
available to it in order to operate, maintain and preserve its
business is its existing cash and postpetition collections received
from existing and newly created accounts receivable.  As such, the
Debtor has no ability to continue to operate its business, and
maintain and preserve the going concern value of its business.

Accordingly, the Debtor seeks authority for immediate access to and
use of its cash to pay all its ordinary operating expenses,
including, but not limited to, payroll, material purchases, and
insurance, as contained in the Budget as well as the quarterly fees
owing to the U.S. Trustee.  The Debtor's proposed operating budget
covering the week ending April 7, 2017 through June 2, 2017
reflects ordinary and necessary operating expenses amounting to an
aggregate sum of $1,103,244.

Of all of the  financing statements filed against the Debtor, the
Debtor believes that only the IRS appears to have liens on all or
substantially all of the Debtor's assets although Liberty appears
to be senior in priority to the IRS with respect to its security
interests in certain of the Debtor's assets.

As a result of only the filing of their judgment lien notices,
Safeco, Liberty, The Union Judgment Group, Siemens Industry Inc.,
Wesco Distribution Inc. d/b/a CSCVikimatic, and Quinn Rental
Service, Inc., may assert liens on the Debtor's accounts
receivables and other assets, but it would appear that they do not
have any liens against the Debtor's vehicles, machinery and/or
equipment that are required to be registered with the California
Department of Motor Vehicles.

Accordingly, the Debtor proposes to provide to Liberty and to any
other creditor who asserts an interest in the Debtor's cash
collateral with a replacement lien against the Debtor's assets,
with such replacement lien to have the same extent, validity, and
priority as the prepetition lien held by such creditor.

Given the substantial equity cushion existing in favor of all of
the Debtors' lienholders, the Debtor submits that there is no need
to make any adequate protection payments at this time, aside from
the continued proposed payments to the IRS under the IRS
Stipulation.

A full-text copy of the Debtor's Motion, dated March 9, 2017, is
available at http://tinyurl.com/hv75yrn

                         About Steiny and Company

Steiny and Company, Inc., sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. C.D. Cal. Case No. 16-25619) on Nov. 28,
2016.  The petition was signed by Vincent P. Mauch, chief financial
officer.  The case is assigned to Judge Julia W. Brand. At the time
of the filing, the Debtor estimated its assets and debts at $10
million to $50 million.

The Debtor tapped Ron Bender, Esq., Jacqueline L. James, Esq., and
Lindsey L. Smith, Esq., at Levene, Neale, Bender, Yoo & Brill LLP,
as bankruptcy counsel and Edward Barron, Esq. and Barron &
Associates as special counsel.  The Debtor hired Consortium Finance
Securities, LLC and Craft Partners, LLC as financial advisors and
investment bankers.

U.S. Trustee Peter C. Anderson on Dec. 22, 2016, appointed three
creditors of Steiny and Company, Inc., to serve on the official
committee of unsecured creditors. The committee members are: (1)
Walters Wholesale Electric; (2) Karish Electronics; and (3)
Smithson Electric.  The Committee retained Scott E. Blakeley, Esq.
and Ronald Clifford, Esq. at Blakeley LLP as its counsel.


SUGARMAN'S PLAZA: Hires Abel as Substitute Attorney
---------------------------------------------------
Sugarman's Plaza Limited Partnership seeks authority from the U.S.
Bankruptcy Court for the Eastern District of New York to employ the
Law Office of Ira R. Abel as substitute attorney to the Debtor.

The Debtor hired the Law Office of David Carlebach, Esq., however,
Carlebach has recently experienced business difficulties that have
prevented it from continuing to provide legal services and advice
to the Debtor on a consistent basis.

Sugarman's Plaza requires Abel to:

   a. advise the Debtor with respect to its powers and duties as
      a debtor-in-possession;

   b. assist the Debtor in the preparation of its schedules of
      assets and liabilities, statements of financial affairs and
      other reports and documentation required pursuant to the
      Bankruptcy Code and the Bankruptcy Rules;

   c. represent the Debtor at all hearings on matters pertaining
      to its affairs as a debtor-in-possession;

   d. prosecute and defend litigated matters that may arise
      during the Chapter 11 case;

   e. counsel and represent the Debtor in connection with the
      assumption or rejection of executory contracts and leases,
      administration of claims and numerous other bankruptcy-
      related matters arising from this Chapter 11 case;

   f. counsel the Debtor with respect to various general and
      litigation matters relating to this Chapter 11 case;

   g. assist the Debtor in obtaining approval of a disclosure
      statement, confirmation of a plan of reorganization, and
      all other matters related thereto; and

   h. perform all other legal services that are necessary and
      desirable for the efficient and economic administration of
      the Debtor's Chapter 11 case.

Abel will be paid at these hourly rates:

     Partner                 $485
     Associates              $250-$450

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

Ira R. Abel, partner of the Law Office of Ira R. Abel, 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.

Abel can be reached at:

     Ira R. Abel, Esq.
     LAW OFFICE OF IRA R. ABEL
     305 Broadway, 14th Floor
     New York, NY 10007
     Tel: (212) 799-4672
     E-mail: iraabel@verizon.net

          About Sugarman's Plaza Limited Partnership

Sugarman's Plaza Limited Partnership operates a business located at
600 Scranton Carbondale Highway, Archbald PA 18403. The premises
consist of approximately 455,000 square feet of land (approximately
58.6 acres) containing a store, warehouse, office space and parking
lot. It rents the Premises to various tenants.

The Debtor sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. E.D.N.Y. Case No. 16-42496) on June 7, 2016. The
petition was signed by Chaim Laufer, general partner of TSC
Associates. The case is assigned to Judge Elizabeth S. Stong. The
Debtor is represented by David Carlebach, Esq., at The Carlebach
Law Group, as bankruptcy counsel. Carlebach was substituted by Ira
R. Abel, Esq., at the Law Office of Ira R. Abel

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

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



SUNGEVITY INC: LSHC and Hercules Buying All Assets for $50 Million
------------------------------------------------------------------
Sungevity, Inc., and its affiliates ask the U.S. Bankruptcy Court
for the District of Delaware to authorize the bidding procedures in
connection with the sale of substantially all assets to LSHC Solar
Holdings, LLC and Hercules Capital, Inc. for a price of up to $50
million, payable in the form of a credit bid, subject to
adjustment.

The Debtors and their non-Debtor subsidiaries and affiliates
("Sungevity") provide sales, marketing, system design,
installation, maintenance, financing services, and
post-installation services for solar energy systems in the U.S.,
the U.K., and Europe.  Sungevity is a privately-held technology
company that, until relatively recently, was successfully pursuing
growth strategies.

As a result, in early 2016, the company found itself in the midst
of liquidity crisis brought on by its implementation of an
aggressive growth strategy that led to an overly leveraged balance
sheet.  Sungevity attempted to address its liquidity needs by
pursuing out of court options for nearly a year.  After numerous
discussions with various strategic parties, in mid-2016, Sungevity
believed it had identified a transaction that would address its
capital needs.

On June 28, 2016, Sungevity entered into a merger agreement, as
subsequently amended, with Easterly Acquisition Corp., a special
purpose acquisition corporation, for an initial purchase price of
approximately $350 million of Easterly common stock.  In November
2016, the parties amended the merger agreement to reduce the
purchase price by nearly $100 million.  On Dec. 31, 2016, Easterly
terminated the merger agreement altogether.

Following the termination of the Easterly transaction, Sungevity
found itself in a severe liquidity crisis and quickly pivoted to
finding both short and long term solutions to its cash needs.  To
close the short term liquidity gap, on Jan. 30, 2017, Sungevity,
Inc. and Sungevity Development, LLC obtained a $9.5 million bridge
loan from a consortium of lenders, including certain of Sungevity's
prepetition lenders, which was guaranteed by Sungevity SD, LLC and
Sungevity International Holdings, LLC.  The proceeds of that bridge
loan were used to fund the Debtors' operations while they
aggressively pursued all alternatives.

Between the time they were retained and mid-February, Ducera
Securities, LLC, together with the Debtors' other advisors,
contacted 77 potential purchasers, including both strategic and
financial investors.

As their funds dwindled, the Debtors' only other alternative was to
immediately cease operations, lay off their remaining employees,
and turn the keys to the business over to their prepetition secured
lenders.  Presented with this stark reality, the Debtors determined
that a chapter 11 filing presented the best opportunity to preserve
their going concern value and maximize recoveries for
stakeholders.

Ducera, acting on behalf of the Debtors, reengaged with the handful
of parties that had indicated an interest in an in-court
transaction and, as a result of those marketing efforts, the
Debtors received 3 preliminary bids, including a bid by NPG, and
one bid from a party that was solely interested in purchasing
Sungevity's non U.S. business.

Ultimately, further negotiations resulted in the Debtors' execution
of the Stalking Horse Purchase Agreement on March 13, 2017,
pursuant to which LSHC, a newly formed newly formed investment
vehicle established for this transaction by Northern Pacific Group
("NPG"), and Hercules ("Stalking Horse Bidders') agreed to purchase
substantially all of the Debtors' assets (subject to certain
exceptions) for a price of up to $50 million, payable in the form
of a credit bid, subject to adjustment, and to act as a stalking
horse bidder in a Court-supervised auction.

In consultation with Ducera and their other advisors, the Debtors
have determined that the Stalking Horse Bidders' bid maximizes the
value of the Debtors' assets and will yield the best outcome for
stakeholders by preserving jobs for employees and a viable business
partner for vendors and service providers.  On that same date, the
Debtors entered into a Debtor-in-Possession Loan and Security
Agreement ("DIP Agreement") with LHSC as lender and Wilmington
Trust, National Association, as administrative agent.  The DIP
Agreement contains certain milestones that are intended to ensure
that an expedited sale process will be pursued.

Speed is critical here because, even with the additional liquidity
of up to $20 million to be provided by the DIP Facility, the
Debtors will run of cash within just a few months.  The Debtors'
receipt of that $20 million is conditioned on the Debtors' pursuit
of an expedited sale process and, without access to those funds,
the Debtors will likely have no choice but to pursue immediate an
immediate cessation of operations and liquidation of the estates.
A rapid sale process is also necessary to stabilize the Debtors'
rapidly deteriorating business and provide assurances to existing
vendors, customers, and employees that they can and should continue
to do business with, or remain employed by, Sungevity going
forward.  With this in mind, the Debtors negotiated for bidding
procedures and sale terms that will facilitate a quick but fair
process, and thereby preserve their going concern value for the
benefit of all stakeholders.

The salient terms of Stalking Horse Purchase Agreement are:

   a. Sellers: (i) Sungevity, Inc.; (ii) Sungevity SD, LLC; (iii)
Sungevity Development, LLC; and (iv) Sungevity International
Holdings, LLC.

   b. Purchaser: LSHC and Hercules

   c. Purchase Price: The Purchase Price consists of: (i) up to $50
million, subject to adjustments, in the form of a credit bid, which
is comprised of (a) $30 million in respect of prepetition senior
secured indebtedness owed to Hercules under the Hercules Facility;
and (b) and up to $20 million in respect of obligations under the
DIP Facility; (ii) $1 million in cash disbursed under the DIP
Facility, which will remain with the Debtors' estates ("Excluded
Cash"); and (iii) the assumption of certain assumed liabilities.

   d. Acquired Assets: the Purchaser will acquire substantially all
of the Debtors' assets other than Sungevity, Inc.'s equity
interests in Sungevity Short Hills 2012, LLC.

   e. Assumed Liabilities: The Agreement provides for the
assumption by the Purchaser of various liabilities in connection
with the Sale Transaction.

   f. Closing and Other Deadlines: The Agreement may be terminated
by either the Debtors or the Purchaser if these Milestones are not
met: (i) Deadline for Entry of the Bidding Procedures Order - March
28, 2017; (ii) Bid Deadline – Due Date for Bids, Designation of
Contracts and Leases (if applicable) and Deposits - April 7, 2017;
(iii) Auction (if necessary) - April 8, 2017; (iv) Deadline for
Entry of the Sale Order - April 10, 2017; and Outside Date for
Closing to Occur (subject to extension by written agreement of the
parties) - May 12, 2017.

   g. Break-Up Fee and Expense Reimbursement:  Up to a maximum
amount of $1.25 million, also equal to approximately 2.5% of the
Purchase Price.

   h. Good Faith Deposit: No good faith deposit is required under
the Agreement.

   i. Allocation of Sale Proceeds: The Stalking Horse Purchase
Agreement provides that the Purchaser will prepare and deliver to
the Debtors an allocation schedule setting forth the Purchaser's
good faith determination of the allocation of the purchase price
and Assumed Obligations among the Acquired Assets within 60 days of
the Closing Date.

   j. Credit Bidding: Hercules will credit bid $30 million on
account of its senior secured prepetition obligations and LHSC will
credit bid up to $20 million on account of the DIP Obligations.

   k. Relief from Bankruptcy Rule 6004(h): The Agreement requires,
as a condition to closing, that the Bidding Procedures Order and
the consummation by the Debtors of the transactions contemplated
therein not be subject to Bankruptcy Rules 6004(h) and 6006(d).

The Bidding Procedures are designed to maximize value for the
Debtors' estates, while effectuating an expeditious sale of the
Debtors' assets.

The salient terms of the Bidding Procedures are:

   a. Bid Deadline: April 7, 2017 at 5:00 p.m. (EST)

   b. Qualified Bid: $54,000,000

   c. Good Faith Deposit: 10% of the purchase price

   d. Auction and Auction Procedures: If the Debtors receive a
Qualified Bid other than the Bid submitted by the Stalking Horse
Bidders by the Bid Deadline, the Debtors will conduct an Auction on
April 8, 2017 at 10:00 a.m. (PET) at the offices of counsel for the
Debtor, Young Conaway Stargatt & Taylor, LLP, 1000 N. King Street,
Wilmington, Delaware.

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

             http://bankrupt.com/misc/Sungevity_Inc_15_Sales.pdf

The Debtors believe that granting the Bid Protections to the
Stalking Horse Bidders or Successful Bidder will ensure the
Debtors' ability to maximize the realizable value of the Debtors'
assets for the benefit of the Debtors' estates, their creditors,
and other parties in interest.

To facilitate the Sale Transaction and to maximize the value
received for the Debtors' assets, the Debtors request approval of
the Debtors' assumption and assignment of the Designated Contracts
to the Stalking Horse Bidder or Successful Bidder.

A strong business justification exists for the Sale Transaction.
The Debtors have concluded that, due to an extreme shortfall in
liquidity, an expedited sale of substantially all their assets to
the Stalking Horse Bidders, or any other Successful Bidder,
represents the best, if not the only, opportunity for the Debtors
to preserve their going concern value for the benefit of their
stakeholders.  As a result, an expeditious sale of the Debtors'
assets is a reasonable exercise of the Debtors' business judgment
and is in the best interests of all of the Debtors' stakeholders.
  
Accordingly, the Debtors ask the Court to implement the foregoing
immediately, the Debtors seeks a waiver of the 14-day stay of an
order authorizing the use, sale, or lease of property under
Bankruptcy Rule 6004(h) and the assumption and assignment of the
Designated Contracts under Bankruptcy Rule 6006(d).

The Debtors also ask that the Bidding Procedures Order approve that
the automatic stay pursuant to section 362 of the Bankruptcy Code
be lifted to the extent necessary to allow the Stalking Horse
Bidders to deliver any notice provided for in the Stalking Horse
Purchase Agreement, and allow the

Stalking Horse Bidders to take any and all actions permitted under
the Stalking Horse Purchase Agreement in accordance with the terms
and conditions thereof.

The Purchasers can be reached at:

          LSHC SOLAR HOLDINGS, LLC
          c/o Northern Pacific Group
          315 E. Lake Street, Suite 301
          Wayzata, MN 55391
          Attn: Scott Honour
          Telephone: (952) 456-5301
          E-mail: shonour@northernpacificgroup.com

                 - and -

          HERCULES CAPITAL, INC.
          400 Hamilton Avenue, Suite 310
          Palo Alto, CA 94301
          Legal Department
          Attn: Chief Legal Officer and Brian Sapp
          Telephone: (650) 289-3060
          Facsimile: (650) 473-9194
          E-mail: bsapp@herculestech.com

LSHC is represented by:

          Ross Kwasteniet, Esq.
          Brad Weiland
          KIRKLAND & ELLIS LLP
          300 North LaSalle
          Chicago, IL 60654
          E-mail: ross.kwasteniet@kirkland.com
                  brad.weiland@kirkland.com

Hercules Capital is represented by:

          Stuart Komrower, Esq.
          COLE SCHOTZ P.C.
          25 Main Street
          Hackensack, NJ 07601
          E-mail: skomrower@coleschotz.com

                About Sungevity

Sungevity, Inc, Sungevity SD, LLC, Sungevity Development, LLC,
Sungevity International Holdings, LLC and their subsidiaries and
affiliates ("Sungevity"), provide sales, marketing, system design,
installation, maintenance, financing services, and
post-installation services for solar energy systems in the U.S.,
the U.K., and Europe.  Sungevity is a privately-held technology
company that, until relatively recently, was successfully pursuing
growth strategies.

Since 2007, Sungevity has doubled year-over-year sales, growing
from a staff of four employees servicing the Northern California
market to a team of more than 700 employees as of Jan. 1, 2017,
conducting business in fourteen U.S. states and the District of
Columbia, as well as in the Netherlands, Belgium, Germany and the
U.K.  It is now the largest private residential solar installation
company in the U.S.  The principal place of business for Sungevity
is 66 Franklin Street, Suite 310, Oakland, California.

On March 13, 2017, each of the Debtors filed a voluntary petition
with the U.S. Bankruptcy Court for the District of Delaware for
relief under chapter 11 of the Bankruptcy Code.


SUNPOWER BY RENEWABLE: Wants Plan Filing Deadline Moved to May 9
----------------------------------------------------------------
Sunpower by Renewable Energy Electric, Inc. filed with the
Bankruptcy Court a second motion seeking a 60-day extension of its
exclusive plan filing period through May 9, 2017, and its exclusive
solicitation period through July 8, 2017.

Absent an extension, the Debtor's exclusive plan filing period
expired on March 10, 2017.

The Debtor is seeking the extension (i) to avoid premature
formulation of a chapter 11 plan, and (ii) to ensure the plan that
is eventually formulated will take into account all its interests
and that of its creditors.

The Debtor maintains that the extension request is warranted by
virtue of (1) the size and complexity of its case, and (2) the
progress it has made in the resolution of issues facing its
creditors and estates.

The Debtor adds that the extension will not harm its creditors and
other parties-in-interest.

         About Sunpower by Renewable Energy Electric

Sunpower by Renewable Energy Electric, Inc., fdba V.E.C. Inc., fdba
Renewable Energy Electric, Inc., based in 7180 Dean Martin Drive,
Suite 100, Las Vegas, Nevada, filed a chapter 11 petition (Bankr.
D. Nev. Case No. 16-14459-led) on August 12, 2016. The petition was
signed by Jason M. Vita, president.

The case is assigned to Judge Laurel E. Davis.  The Debtor is
represented by Samuel A. Schwartz, Esq., and Bryan A. Lindsey,
Esq., at Schwartz Flansburg PLLC.

The Debtor is a solar energy company and provides solar energy
services, including the assessment and installation of solar
panels to residential and commercial customers in Nevada, Arizona
and California.

At the time of filing, the Debtor estimated assets at $1 million to
$10 million and liabilities at $1 million to $10 million.  A list
of the Debtor's 11 unsecured creditors is available for free at
http://bankrupt.com/misc/nvb16-14459.pdf

The U.S. Trustee has been unable to appoint an official unsecured
creditors committee in the case.


TATOES LLC: Has Court's Nod to Use Cash Collateral Through April 30
-------------------------------------------------------------------
The Hon. Frederick P. Corbit of the U.S. Bankruptcy Court for the
Eastern District of Washington has granted Tatoes, LLC, et al.,
authorization to use the 2016 crops grown by Tatoes, as well as
proceeds of the 2016 crops and the packing and sale revenues of
Wahluke Produce, Inc., and Columbia Manufacturing, Inc., arising
from the packing and sale of the 2016 crops, through April 30,
2017, from March 1, 2017.

As partial adequate protection to Rabo AgriFinance LLC, the Debtors
are authorized and directed to make an interest only payment to RAF
by no later than April 15, 2017, for the period of March 1, 2017,
through April 30, 2017.  These interest only payments will be
calculated using an interest rate of 4.5% calculated based on a
360-day year, and the amount of the payments will be calculated
based on the outstanding Petition Date claim amount asserted by RAF
of $22,152,130, resulting in a per diem interest amount of $2,769
based on a 360-day year as required by the RAF loan and security
documents.

As partial adequate protection, RAF and any other party holding a
valid, perfected, and unavoidable security interest or lien in the
2016 cash collateral that has not been avoided by a final court
order, is granted a valid, automatically perfected replacement lien
against any 2017 crops grown by the Debtors, and in any products,
proceeds or insurance recoveries related thereto.

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

            http://bankrupt.com/misc/waeb16-00899-246.pdf

The previously Court entered on Feb. 23, 2017, a stipulated order
that extended the use of cash collateral through March 9, 2017.

RAF filed an objection to the cash collateral use on March 7, 2017,
claiming that the Debtors failed to explain the differences between
the budgets attached to the court orders entered in each case on
Feb. 1, 2017, extending the use of cash collateral through Feb. 28,
2017, and the updated budgets.  RAF wanted, among other things, the
Debtors to explain the reasons for the differences, particularly
the increases in the amounts for Chemicals and Rent Property in the
Updated Budget for Tatoes and the decreases in gross revenue for
Wahluke and Columbia.  A copy of the Objection is available at
http://bankrupt.com/misc/waeb16-00899-243.pdf

                       About Tatoes, LLC

Tatoes, LLC, Wahluke Produce, Inc., and Columbia Manufacturing,
Inc., are engaged in farming, packing, storing, and selling
potatoes, onions and wheat.  Tatoes, LLC, et al., filed Chapter 11
bankruptcy petitions (Bankr. E.D. Wash. Case Nos. 16-00900,
16-00899 and 16-00898, respectively) on March 21, 2016.  The
petitions were signed by Del Christensen, president.

Tatoes LLC estimated assets and liabilities at $10 million to $50
million.  Wahluke Produce and Columbia Manufacturing each estimated
assets and liabilities at $50 million to $100 million.

Wahluke has employed Roger William Bailey, Esq., at Bailey & Busey,
PLLC as legal counsel; Columbia has employed Hurley & Lara as legal
counsel; and Tatoes has employed the Law Offices of Paul H.
Williams as counsel.  Southwell & O'Rourke is counsel for Tatoes
Unsecured Creditors Committee.

Gail Brehm Geiger, acting U.S. trustee for Region 18, on April 28,
2016, appointed three creditors of Tatoes LLC to serve on the
official committee of unsecured creditors.   Ms. Geiger disclosed
that no official committee of unsecured creditors has been
appointed in the Chapter 11 cases of Wahluke Produce Inc. and
Columbia Manufacturing Inc., both affiliates of Tatoes LLC.

The deadline for filing proofs of claim was Aug. 1, 2016.


TAXOPARK INC: Seeks to Hire Porzio Bromberg as Legal Counsel
------------------------------------------------------------
Taxopark, Inc. seeks approval from the U.S. Bankruptcy Court for
the Southern District of New York to hire legal counsel in
connection with its Chapter 11 case.

The Debtor proposes to hire Porzio, Bromberg & Newman, P.C. to give
legal advice regarding its duties under the Bankruptcy Code,
negotiate with creditors, conduct examinations, assist in the
preparation of a bankruptcy plan, and provide other legal
services.

Porzio Bromberg received a retainer in the amount of $63,283.

The firm 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.

The firm can be reached through:

     Brett S. Moore, Esq.
     Warren J. Martin Jr., Esq.
     Michael J. Naporano, Esq.
     Porzio, Bromberg & Newman, P.C.
     156 West 56th Street, Suite 803
     New York, NY 10019-3800
     Phone: (212) 265-6888
     Fax: (212) 957-3983
     Email: mjnaporano@pbnlaw.com

                       About Taxopark Inc.

Taxopark Inc. sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. S.D.N.Y. Case No. 16-13570) on December 23, 2016.  The
petition was signed by Evgeny A. Freidman, president.  The case is
assigned to Judge Mary Kay Vyskocil.

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

No trustee, examiner or statutory committee has been appointed in
the case.


TEAM EXPRESS: Has $1.17-Mil. in Cash for Plan Funding
-----------------------------------------------------
Team Express Distributing, LLC, filed with the U.S. Bankruptcy
Court for the Western District of Texas first amended disclosure
statement dated March 6, 2017, referring to the Debtor's joint
Chapter 11 plan of liquidation, a full-text copy of which is
available at:

          http://bankrupt.com/misc/txwb15-53044-362.pdf

The Plan is designed to accomplish the liquidation of the remaining
assets of the Debtor's estate and provide a mechanism for the
distribution of the proceeds of liquidation to beneficiaries of the
estate.  The Plan contemplates the continuing existence of the
Debtor, and provides for the creation of (a) a liquidation trust
consisting of a liquidation trustee and a liquidation trust
committee, and (b) a litigation oversight committee.  On the
Effective Date of the Plan, the Debtor will convey all of its
assets, except the MS Dynamics Lawsuit, to the liquidation trust.
The purpose of the Liquidation Trust is to effectuate the
administration and orderly liquidation of the estate's remaining
assets, including causes of action (other than the MS Dynamics
Lawsuit).  The trust's beneficiaries are holders of allowed claims
against or equity interests in the Debtor, as outlined in the
Plan.

Class 2 MB Financial Claim -- estimated at up to $15,000 -- is
impaired by the Plan.  Pursuant to the MB Financial Settlement, MB
Financial will have an Allowed Class 2 Claim in the amount of the
Expense Cap.  On the Effective Date and following approval of the
MB Financial Settlement and receipt of payment, MB Financial will
be deemed to have been paid in full, and will release all liens,
rights, title, and interests in any of the assets of the Debtor or
the estate.  MB Financial will have no further claim against the
Debtor, liquidation trust, or estate.  MB Financial is expected to
recover 100%.

Funds needed to make distributions under the Plan will come from
the Debtor's cash on hand and the causes of action.  As of the
filing of this Disclosure Statement, the estate has approximately
$1,171,000 in cash (including $1 million as part of the adjustment
escrow account.  Additionally, the Debtor believes the Net MS
Dynamics Proceeds could be significant.

As reported by the Troubled Company Reporter on Jan. 17, 2017, the
Debtor filed with the Court a disclosure statement dated Jan. 9,
2017, referring to the Debtor's Chapter 11 plan of liquidation.
Each holder of Class 5 General Unsecured Claims -- with
$25,116,177.12 to $27,792,106.17 in estimated allowable claims --
would be entitled to receive its pro rata share of the net proceeds
of the assets, including any portion of the allocation of Net MS
Dynamics Proceeds payable to Class 5 General Unsecured Claims
pursuant to the terms of Section 3.3 of the Plan.  

                About Team Express Distributing

Team Express Distributing, LLC, doing business as Baseball Express,
LLC, is a San Antonio-based, multi-channel retailer that sells a
wide range of sporting goods, primarily focusing on team sports
like football, baseball, basketball, soccer, and others,
manufactured by adidas, Easton Sports, Louisville Slugger, Nike,
Inc., Oakley, Russell Athletic, Schutt Sports, Spalding, Under
Armour, and Wilson Sporting Goods, among many others.  Team Express
operates from three locations in San Antonio, Texas, and employs
approximately 200 employees.

On Dec. 16, 2015, Team Express Distributing, LLC, filed a voluntary
petition for relief under Chapter 11 of the Bankruptcy Code (Bankr.
W.D. Tex. Case No. 15-53044). The petition was signed by Mark S.
Marney, chief executive.

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

On Jan. 8, 2016, an Official Committee of Unsecured Creditors
was appointed in this Bankruptcy Case pursuant to Sec. 1102(a)(1)
and (b)(1).  No trustee or examiner has been appointed in this
Bankruptcy Case.

The Debtor tapped Marcus A. Helt, Esq., at Gardere Wynne Sewell
LLP, as counsel.  Treadstone Capital Advisors, LLC, is the
financial advisor and investment banker.


TELEGUAM HOLDINGS: Moody's Assigns B2 Corporate Family Rating
-------------------------------------------------------------
Moody's Investors Service has assigned a first-time B2 corporate
family rating (CFR) and a B2-PD probability of default rating (PDR)
to TeleGuam Holdings, LLC. Moody's has also assigned a B1 (LGD3)
rating to the company's proposed $145 million senior secured 1st
lien credit facility which consists of a $130 million 6 year term
loan and a $15 million 5 year revolver. Additionally, Moody's has
assigned a Caa1 (LGD 6) rating to the proposed $25 million 2nd lien
term loan. The proceeds from the secured credit facilities will be
used to fund a portion of the acquisition of TeleGuam by affiliates
of Huntsman Family Investments, LL. HFI will also contribute equity
to complete the funding. The ratings are contingent upon Moody's
review of final documentation and no material change in the terms
and conditions of the debt as advised to Moody's. The outlook is
stable.

RATINGS RATIONALE

TeleGuam's B2 CFR reflects the company's leading market position,
strong margins, diversified product offering, and superior network
architecture. TeleGuam's network consists of a high proportion of
underground cables and an advanced wireless network which allows it
to maintain a #1 or #2 position in many of its operating segments.
The ratings are further supported by the company's geographic
isolation which provides a high barrier to entry. TeleGuam is
positioned to benefit from continued growth in tourism to Guam and
population growth, specifically boosted by military personnel who
will relocate to Guam from Japan, Korea, and other pacific bases
over the next decade. Moody's expects that the company will also
benefit in future years from its investment in subsea cables as
demand grows for enhanced communications between the United States
and Asia.

The rating is constrained by TeleGuam's small scale and moderate
but steady capital intensity, and reasonably strong competitive
pressures in a mature market. The company faces strong competitive
pressure from NTT Docomo, the company's larger, better capitalized
peer. The two market leading quadruple-play operators compete
mainly based on network performance and reach. Additionally,
Moody's expects TeleGuam's revenue growth to be modest despite
potentially favorable demographic tailwinds. The wireless market
has become saturated and the company still faces downward pressure
from its legacy voice business. Moody's expects high growth rates
in Teleguam's broadband internet business but the overall impact is
limited due to the segment's small size relative to its wireless
and fixed voice segments.

Moody's expects TeleGuam to have good liquidity over the next
twelve months. Moody's expects the company to have no cash on its
balance sheet at close but an undrawn $15 million revolving credit
facility provides for liquidity needs. The company could experience
working capital deficits should it expand its handset leasing
program, but Moody's expects such activity to be relatively modest
and does not expect it to have a material impact on the rating. The
credit facility will contain a maximum net leverage covenant, which
Moody's expects to be set with ample cushion in the new credit
agreement. The company does not have significant flexibility to
monetize assets given that all assets are encumbered under the 1st
lien and 2nd lien credit agreements.

The ratings for debt instruments reflect both the probability of
default of TeleGuam, to which Moody's assigns a PDR of B2-PD, and
individual loss given default assessments. Moody's assumes a 50%
family recovery rate given the capital structure of 1st lien and
2nd lien bank debt. The senior secured first lien credit facilities
are rated B1 (LGD3), one notch higher than the CFR, given the loss
absorption provided by the Caa1 (LGD6) rated 2nd lien facilities.

The stable outlook reflects Moody's view that TeleGuam will
continue to grow revenue and EBITDA, driving leverage below 4x
(Moody's adjusted) by year end 2017.

The B2 rating could be upgraded if leverage is sustained below 4x
(Moody's adjusted) and free cash flow to debt exceeds 10%. An
upgrade would also require a material increase in scale. The rating
could be downgraded if liquidity deteriorates, if free cash flow
weakens, or if leverage is sustained above 5x (Moody's adjusted).

TeleGuam Holdings, LLC is the incumbent telephone services provider
in Guam that was privatized by the Government of Guam in December
2004. The company's sophisticated network, with updated switch
infrastructure, extensive fiber loop deployment, high DSL
availability and video services, provides the company with one of
the most advanced telecommunications systems in the South Pacific
region.

The principal methodology used in these ratings was
Telecommunications Service Providers published in January 2017.


TIAT CORP: April 11 Hearing on Disclosure Statement
---------------------------------------------------
The hearing to consider the approval of the disclosure statement
explaining TIAT Corporation's Chapter 11 plan will be held on April
11, 2017, at 10:00 A.M.

Objections to the Disclosure Statement must be filed on or before
April 5.

The Troubled Company Reporter previously reported that in the
Debtor's its latest disclosure statement, TIAT removed its prior
statement regarding the possibility of Class 6 general unsecured
creditors getting paid from funds generated from the sale of stock
in the reorganized company.

The document disclosed that the latest plan provides for no
payments to timely filed and allowed general unsecured claims.  

Meanwhile, Donald Kennedy's stock in TIAT will be canceled upon
confirmation of the plan.  All assets of TIAT will vest in the
reorganized company.

Moreover, all stock in the reorganized company will be sold for
$115,000 to Scott Talbott, director of TIAT operations, who will
make a lump sum cash payment.  

The sale proceeds will be used to pay allowed administrative
priority claims and priority tax claims.  General unsecured
creditors will not receive payments from the sale proceeds,
according to the latest disclosure statement.  

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

                      https://is.gd/c6bfmN

                     About TIAT Corporation

TIAT Corporation dba The Inn at Tallgrass --
http://www.theinnattallgrass.com/-- is a corporation that operates
an 88-room hotel in located in Wichita, Kansas, called The Inn at
Tallgrass.

The hotel owner filed a Chapter 11 petition (Bank. D. Kan. Case No.
16-10764) on April 29, 2016, and is represented by Mark J. Lazzo,
Esq., in Wichita.  At the time of the filing, the Debtor disclosed
$2.25 million in assets and debts totaling $6.46 million.

On July 14, 2016, the Debtor filed its Chapter 11 plan and
disclosure statement.


TIAT CORPORATION: SBNV Files Competing Chapter 11 Plan
------------------------------------------------------
Party-in-interest SBNV ITG LLC filed with the U.S. Bankruptcy Court
for the District of Kansas a disclosure statement dated March 6,
2017, referring to the plan of reorganization of TIAT Corporation.

The Plan proposes to pay creditors of the Debtor from proceeds of
the stock auction, from funds generated from operation of the
Reorganized Debtor and from infusion of capital from the owner of
the Reorganized Debtor.  The owner of the Reorganized Debtor will
be determined by the Stock Auction.

The ultimate amount paid to general unsecured creditors under the
Plan will depend on (i) the amount of proceeds from the Stock
Auction and (ii) whether the proponent is the purchaser of the
stock in the auction.

The Plan guarantees a minimum recovery to the allowed claims of
general unsecured creditors in the event the proponent purchases
the stock in the Reorganized Debtor.  This Plan also allows for
competitive bidding for the stock in the Reorganized Debtor, with
an opportunity for general unsecured creditors to participate in
the proceeds from the Stock Auction.

Class 4 General Unsecured Claims are impaired by the Plan.  No
later than 14 days after (i) the Reorganized Debtor has received
the proceeds from the auction sale, (ii) all timely filed requests
for administrative expense claims have been allowed or disallowed
by an order that is final and non-appealable and (iii) all disputed
claims of general unsecured creditors have been allowed or
disallowed by an order that is final and non-appealable.  The
allowed claims of Class 4 general unsecured creditors will be paid,
in cash and on a pro rata basis, the remaining proceeds of the
auction sale after full payment of allowed administrative and
priority claims, provided however, that if the proponent is the
successful purchaser in the Stock Auction of all stock in the
Reorganized Debtor, proponent will guarantee a minimum distribution
of $40,000 to the allowed Class 4 claims of general unsecured
creditors.  To allow greater recover for Class 4 claims of general
unsecured creditors, the proponent's Class 4 claim will be excluded
from the minimum unsecured distribution if the proponent is the
successful purchaser of all stock in the Reorganized Debtor
pursuant to the Stock Auction.

Donald Kennedy is the sole shareholder in the Debtor.  On the
Confirmation Date, all existing stock in the Debtor will be deemed
cancelled, released and extinguished.  All assets of the Debtor
will vest in the Reorganized Debtor on the Confirmation Date.

Payments provided under the Plan will first be funded by proceeds
of the Stock Auction.  After the proceeds of the Stock Auction are
applied pursuant to the Plan, the Reorganized Debtor will fund and
distribute all payments required by the Plan.

The Plan provides for existing equity in the Debtor to be cancelled
and for stock in the Reorganized Debtor to be auctioned and sold to
the highest bidder.

A copy of the Disclosure Statement is available at:

           http://bankrupt.com/misc/ksb16-10764-238.pdf

As reported by the Troubled Company Reporter on Feb. 20, 2017, the
Debtor filed with Court a disclosure statement, which explains the
Debtor's Chapter 11 plan, wherein the Debtor removed its prior
statement regarding the possibility of Class 6 general unsecured
creditors getting paid from funds generated from the sale of stock
in the reorganized company.  The document disclosed that the plan
provides for no payments to timely filed and allowed general
unsecured claims.  

                     About TIAT Corporation

TIAT Corporation dba The Inn at Tallgrass --
http://www.theinnattallgrass.com/-- is a corporation that operates
an 88-room hotel in located in Wichita, Kansas, called The Inn at
Tallgrass.

The hotel owner filed a Chapter 11 petition (Bank. D. Kan. Case No.
16-10764) on April 29, 2016, and is represented by Mark J. Lazzo,
Esq., in Wichita.  At the time of the filing, the Debtor disclosed
$2.25 million in assets and debts totaling $6.46 million.

On July 14, 2016, the Debtor filed its Chapter 11 plan and
disclosure statement.


TIMBERVIEW VETERINARY: Hires CGA Law as Co-counsel
--------------------------------------------------
Timberview Veterinary Hospital, Inc., a/k/a Timber View Veterinary,
P.C., seeks authority from the U.S. Bankruptcy Court for the Middle
District of Pennsylvania to employ CGA Law Firm as co-counsel to
the Debtor.

The Debtor hired Mette Evans & Woodside, and Henry W. Van Eck, Esq.
as counsel. However, Attorney Van Eck will be assuming the position
of U.S. Bankruptcy Judge for the Middle District of Pennsylvania,
the Debtor will need the services of bankruptcy counsel to
represent it with respect to all legal matters relating to the
Chapter 11 proceedings.

CGA Law has previously represented a related Chapter 11 Debtor in
Possession, Cabin Hollow Enterprises, LLC (1:14-bk-04340), which is
the landlord of Timberview Veterinary Hospital, Inc., the Debtor.
Sara E. Mummert, D.V.M. is the principal of both corporations. An
Order directing the entry of the Final Decree in the Chapter 11
case of Cabin Hollow Enterprises, LLC was entered on December 22,
2016.

Timberview Veterinary requires CGA Law to represent the Debtor in
the Chapter 11 bankruptcy proceedings.

CGA Law will be paid at these hourly rates:

     Lawrence V. Young, Esq.                  $345
     Brent C. Diefenderfer, Esq.              $275
     Hunter B. Schenck, Esq.                  $200
     Haley Rohrbaugh, Law Clerk               $150
     Christina M. Locondro, Paralegal         $120
     Kenneth Braybo, Paralegal                $120

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

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

CGA Law can be reached at:

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

              About Timberview Veterinary Hospital, Inc.

Timberview Veterinary Hospital, Inc., filed a Chapter 11 bankruptcy
petition (Bankr. M.D. Pa. Case No. 16-01442) on Apr. 6, 2016. The
Debtor operates a private nursing home.

Henry W. Van Eck, Esq., serves as the Debtor's counsel. The Debtor
is represented by Henry W. Van Eck, Esq., at Mette, Evans, &
Woodside. The Debtor hires CGA Law Firm as co-counsel, Brown
Schultz Sheridan & Fritz, as accountant.

Pioneer Health Services listed estimated assets of between
$0-$50,000 and estimated liabilities of between $100,001 and
$500,000. The petition was signed by Sara E. Mummart, president.


TOISA LIMITED: Taps Kurtzman Carson as Administrative Agent
-----------------------------------------------------------
Toisa Limited seeks approval from the U.S. Bankruptcy Court for the
Southern District of New York to hire Kurtzman Carson Consultants
LLC as administrative agent.

The bankruptcy administrative services to be provided by the firm
include assisting Toisa Limited in the solicitation, balloting and
tabulation of votes in furtherance of confirmation of any
reorganization plan; manage any distributions to creditors; and
provide other services.

The firm will receive a retainer in the amount of $25,000 for its
services.

Kurtzman does not hold or represent any interest adverse to the
bankruptcy estates of Toisa Limited and its affiliated debtors, and
is a "disinterested person" as defined in section 101(14) of the
Bankruptcy Code.

The firm can be reached through:

     Evan J. Gershbein
     Kurtzman Carson Consultants LLC
     2335 Alaska Ave.
     El Segundo, CA 90245
     Phone: 310-751-1803
     Email: egershbein@kccllc.com

                       About Toisa Limited

Toisa Limited filed a Chapter 11 bankruptcy petition (Bankr.
S.D.N.Y. Case No. 17-10184) on Jan. 29, 2017.  In its petition, the
Debtor estimated $1 billion to $10 billion in both assets and
liabilities.  The petition was signed by Richard W. Baldwin, deputy
chairman.

The case is assigned to Judge Shelley C. Chapman.  Togut, Segal &
Segal LLP represents the Debtors as bankruptcy counsel.


TOWERSTREAM CORP: Common Stock Delisted from Nasdaq
---------------------------------------------------
The NASDAQ Stock Market LLC filed a Form 25 with the Securities and
Exchange Commission notifying the removal from listing or
registration of Towerstream Corp.'s common stock on the Exchange.

                 About Towerstream Corporation

Towerstream Corporation (NASDAQ:TWER) offers broadband services in
12 urban markets including New York City, Boston, Los Angeles,
Chicago, Philadelphia, the San Francisco Bay area, Miami, Seattle,
Dallas-Fort Worth, Houston, Las Vegas-Reno, and the greater
Providence area.

The Company reported a net loss of $40.5 million in 2015, a net
loss of $27.6 million in 2014 and a net loss of $24.8 million in
2013.  As of Sept. 30, 2016, Towerstream had $36.76 million in
total assets, $43.18 million in total liabilities and a total
stockholders' deficit of $6.42 million.


TRI POINTE: S&P Assigns 'BB-' Corp. Credit Rating; Outlook Stable
-----------------------------------------------------------------
S&P Global Ratings said it assigned its 'BB-' corporate credit
rating to TRI Pointe Group Inc. and withdrew its 'BB-' corporate
credit rating on TRI Pointe Homes Inc.  The outlook is stable.  At
the same time, S&P affirmed its 'BB-' issue-level rating on the
companies' senior unsecured notes.  The recovery rating is '3',
reflecting S&P's expectation for meaningful (50%-70%; rounded
estimate: 65%) recovery in the event of default.

TRI Pointe is headquartered in Irvine, Calif. and designs, builds,
and sells homes in several major U.S. markets.  The company
reorganized its corporate structure in July of 2015.

"The stable outlook reflects our view that TRI Pointe will continue
to expand its platform and geographic footprint while maintaining
debt to EBTIDA below 4x over the next 12 months," said S&P Global
Ratings credit analyst Thomas O'Toole.

S&P' could raise the rating if the company continues to develop its
overall platform, expands into new markets, and efficiently turns
its large level of legacy assets, while keeping leverage below 4x.
This could result in a reassessment of the business risk.

S&P could lower the rating if operating performance is weaker than
it expects or if the company finances large acquisitions or land
purchases with debt.  This could result in debt to EBITDA sustained
in excess of 4x, which would no longer be in line with the
significant financial risk profile.



TRI-G GROUP: Quandary Lake Buying Swepsonville Land for $45K
------------------------------------------------------------
Tri-G Group, LLC, asks the U.S. Bankruptcy Court for the Middle
District of North Carolina to authorize the Asset Purchase
Agreement with Quandary Lake, LP in connection with the sale of
4.69 acre parcel of land previously used as a parking lot located
in Swepsonville, North Carolina ("Sale Property"), for $45,000.

The Debtor is a limited liability company with its remaining
principal asset located in Swepsonville, North Carolina.  The
Debtor was organized to purchase certain property consisting of a
golf course and country club amenities commonly referred to as
Quarry Hills Golf and Country Club ("Golf Club").  The Golf Club
was purchased by the Debtor from a Chapter 7 proceeding.  The
current assets of the Golf Club are the Sale Property and nominal
cash.

First Bank holds a valid first lien by way of a promissory note and
Deed of Trust Securing Future Advances dated May 6, 2011.

Prior to the purchase of the Golf Club by the Debtor, residents of
the Quarry Hills Country Club Subdivision filed litigation in an
attempt to ensure that the Golf Club, once sold, would continue to
operate as a golf and country club.  That matter was resolved and
resulted in certain conditional restrictive use covenants being
filed of record in the Alamance County Registry, Book 2862, Page
615.  The deed transferring the Sale Asset to the Debtor was
subject to the Restrictive Use Convenants.

The Golf Club was operated by the Debtor after its purchase.  The
Golf Club however, was unable to operate in a profitable manner.
The Debtor was unable to meet its debt service obligations,
including those to First Bank.  The Debtor ceased operations of the
Golf Club on Dec. 1, 2014.

The Debtor has received an offer from the Buyer for the purchase of
the Sale Property, conditioned  upon said property being sold
pursuant to 11 U.S.C. Section 3633.

There remains an outstanding secured obligation owed to First Bank.
This secured obligation as of Nov. 30, 2016 equals, with interest
and expenses, $96,438.  There is approximately $874 owed to
Alamance County Tax Department for property taxes for the Sale
Property.  There are no other known consensual secured liens on
said property.  There is a judgment creditor, Keith and Gwen Hoyt,
in the principal amount of $150,000.

The Debtor intends to sell the Sale Property to the Buyer $45,000
and believes this to be the fair market value of the property.
First Bank is informed and believes that $45,000 is the fair market
value of the property and believes that the purchase price is fair
and reasonable.  Upon information and belief, First Bank will
accept $45,000 less any closing costs charged to the seller, real
property taxes owed to Alamance County in the approximate amount of
$874 and a $5,000 carve out for the benefit of the estate, to
release its Deed of Trust encumbering the Sale Asset.

The salient terms of the Asset Purchase Agreement are:

          a. Sale Asset: The Sale Asset consists of real property
consisting of a 4.69 acre tract of land previously used as a
parking lot by the Golf Club.

          b. Purchase Price: $45,000

          c. Terms: Free and clear of any liens, claims of lien,
encumbrances or other claims or interests.

          d. No Representations or Warranties: The Sale Asset is
being sold "as is, where is," "with all faults," and no
representations or warranties whatsoever.

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

          http://bankrupt.com/misc/Tri-G_Group_91_Sales.pdf

The Debtor asks the Court to grant the relief sought, and such
other and further relief as it deems just and proper.

The Purchaser:

          QUANDARY LAKE, LP
          1086 Tender Drive
          Apex, NC 27502

The Purchaser is represented by:

          Paul A. Sheridan
          HANNAH SHERIDAN LOUGHRIDGE & COCHRAN, LLP
          5400 Glenwood Ave., Suite 410
          Raleigh, NC 27612
          Facsimile: (919) 859-6840
          E-mail: psheridan@hslc-law.com

                    About Tri-G Group

Tri-G Group, LLC, sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. M.D.N.C. Case No. 16-10441) on May 4,
2016.
The petition was signed by Guy G. Gulick, manager.  The Debtor is
represented by Charles M. Ivey, III, Esq., and Charles (Chuck)
Marshall Ivey, IV, Esq., at Ivey, McClellan, Gatton & Siegmund,
LLP. The case is assigned to Judge Benjamin A. Kahn. At the time
of
filing, the Debtor estimated its total assets at  $863,152 and
total debts at $1.44 million.


TRIPLE POINT: S&P Affirms 'CCC+' CCR & Revises Outlook to Stable
----------------------------------------------------------------
S&P Global Ratings said it revised its outlook to stable from
negative on Westport, Conn.-based Triple Point Group Holdings Inc.
and affirmed the 'CCC+' corporate credit rating.

At the same time, S&P affirmed its 'CCC+' issue rating on the
company's first-lien senior secured credit facilities, the '3'
recovery rating is unchanged and indicates S&P's expectation for
meaningful recovery (50% to 70%; rounded estimate: 50%) in the
event of payment default.  S&P also affirmed its 'CCC-' issue
rating on the company's second-lien term loan.  The '6' recovery
rating is unchanged and indicates S&P's expectation for negligible
(0% to 10%; rounded estimate: 0%) recovery in the event of a
payment default.

"The outlook revision reflects the company's moderating revenue
declines and our expectation for flat revenue growth over the next
12 months primarily driven by high-single-digit growth in the
professional services segment and flat to positive free operating
cash flow," said S&P Global Ratings credit analust Andrew Yee.

Nevertheless, S&P expects leverage will remain high in the 12x
area.

S&P Global Ratings' stable outlook on Triple Point Group Holding
reflects S&P's view of flat revenue growth over the next 12 months
driven by higher professional service and maintenance revenue
offset by a decline in license sales, leading to flat to positive
free operating cash flow.


TURNING LEAF: Hires O'Brien & Associates as Attorney
----------------------------------------------------
Turning Leaf Homes IV, LLC, seeks authority from the U.S.
Bankruptcy Court for the District of Oregon to employ the Michael
D. O'Brien & Associates P.C. as attorney to the Debtor.

Turning Leaf requires O'Brien & Associates to:

   a. represent the Debtor for all purposes related to the
      petition for relief including, among other things,
      negotiating financing orders, obtaining authorization for
      use of cash collateral, reviewing and evaluating the status
      and validity of secured claims, litigation implementing
      their avoidance powers; and

   b. formulate adisclosure statement and plan of reorganization.

O'Brien & Associates will be paid at these hourly rates:

     Michael O'Brien, Esq.           $365
     Theodore J. Piteo, Esq.         $300
     Law Clerks                      $160
     Senior Paralegal                $170
     Paralegal                       $125
     Support Staff                   $60-$100

The Debtor paid O'Brien & Associates the amount of $5,000 on
February 2, 2017 for the Debtor's feasibility analysis of filing
the Chapter 11 and other preliminary work. The Debtor paid an
additional $10,000 as a retainer on February 6, 2017. From these
amounts, $13,283 was deemed earned upon receipt subject to ultimate
court approval and disgorgement. From the retainer the amount of
$1,717 was paid as filing fee.

O'Brien & Associates will also be reimbursed for reasonable
out-of-pocket expenses incurred.

Theodore J. Piteo, member of Michael D. O'Brien & Associates 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.

O'Brien & Associates can be reached at:

     Theodore J. Piteo, Esq.
     MICHAEL D. O'BRIEN & ASSOCIATES P.C.
     12909 SW 68th Pkwy, Suite 160
     Portland, OR 97223
     Tel: (503) 786-3800

              About Turning Leaf Homes IV, LLC

Turning Leaf Homes IV, LLC, based in Portland, Ore., filed a
Chapter 11 petition (Bankr. D. Ore. Case No. 17-30353) on Feb. 6,
2017. The Hon. Trish M Brown presides over the case. Theodore J
Piteo, Esq., at Michael D. O'Brien & Associates, P.C., serves as
bankruptcy counsel.

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


TWIN OAKS: Wants to Use USDA Rural Development Cash Collateral
--------------------------------------------------------------
Twin Oaks Apartments Ltd, L.P., seeks authorization from the U.S.
Bankruptcy Court for the Eastern District of Tennessee to use cash
collateral.

The Debtor relates that it has granted a security interest in its
real and personal assets to USDA Rural Development to secure a
promissory note in the total amount of approximately $1,500,000.
Such security interest covers the Debtor's rental revenue from the
operation of its residential apartment property.

The Debtor proposes to use its monthly revenues for operating
expenses, maintenance of real property, including the improvements
thereon, and to reorganize its business interests or sell the same
in an orderly liquidation. The proposed Budget projects monthly
operating expenses in the aggregate approximate amount of $14,813.

The Debtor asserts that USDA Rural Development is fully secured
with a large equity cushion since its property is valued as much as
$2,100,000 based upon the tax appraisal of the Jefferson County,
Tennessee.

               About Twin Oaks Apartments Ltd, L.P.

Twin Oaks Apartments Ltd, L.P. dba Twin Oaks Apartments 1 dba Twin
Oaks Apartments 2 dba Twin Oaks Apartments Limited filed a Chapter
11 petition (Bankr. E.D. Tenn. Case No. 17-30605), on March 6,
2017. The petition was signed by Alfred Landon Moyers, Jr., general
partner. The case is assigned to Judge Suzanne H. Bauknight. The
Debtor is represented by Thomas Lynn Tarpy, Esq. at Tarpy, Cox,
Fleishman & Leveille, PLLC. At the time of filing, the Debtor had
both assets and liabilities estimated to be between $1 million to
$10 million.


ULTRA RESOURCES: Fitch Assigns BB- First-Time Expected IDRs
-----------------------------------------------------------
Fitch Ratings has assigned 'BB-(EXP)' first-time expected Issuer
Default Ratings (IDRs) to Ultra Resources, Inc. and Ultra Petroleum
Corp., subject to the company's emergence from
Chapter 11.

The expected ratings for Ultra are based upon successful emergence
from Chapter 11 as contemplated by the Plan of Reorganization,
which was confirmed on March 14 and includes $2 billion of funded
debt financing. The closing and funding of the new debt financing
and the effective date for the Plan of Reorganization are assumed
to be on or around March 31, 2017.

Ultra has obtained a commitment letter from Barclays Bank PLC,
Goldman Sachs Bank USA, and Bank of Montreal, whereby the banks
have agreed to provide secured and unsecured financing in an
aggregate amount of up to $2.4 billion, consisting of a $600
million secured first-lien reserve based term loan, a $400 million
secured first-lien reserve based revolving facility, and unsecured
debt of $1.4 billion. Exit financing is expected to include $580
million in proceeds from an equity rights offering.

KEY RATING DRIVERS

Ultra's ratings are based on the company's low cost position and an
improved capital structure and leverage forecasts following the
pending emergence from Chapter 11. Ultra's go-forward operating
cost structure will have lower gathering costs and no
transportation costs until December 2019, based on a series of
contract renegotiations with midstream counterparties. When
combined with reduced drilling & completion costs, this serves to
lower expected all-in costs, as estimated by Fitch, from $1.91/mcfe
to approximately $1.65/mcfe, relative to Fitch's base case of
$2.75/mcf in 2017 and $3.25/mcf long-term. This compares favorably
to gas weighted peers in the Marcellus Shale.

Ultra is expected to emerge from bankruptcy with $2 billion in
debt, eliminating $1.8 billion in debt through the process. Fitch's
forecast incorporates 2017 production volumes of approximately 795
mmcfe/d (132 mboe/d, 94% natural gas), on the low end the company's
updated 2017 guidance of between 795 and 820 mmcfe/d.

91% of Ultra's total production is from the Pinedale field in
Wyoming. Limited growth opportunities outside the Pinedale and
significant exposure to natural gas prices will likely serve to cap
the rating in the 'BB' category in the near term. Longer term, as
the company works through its best Pinedale inventory they may need
to step outside of the region to pursue growth opportunities.

Dominant Position in Niche Asset: Pinedale
Ultra has a large, contiguous position in the core of the Pinedale
Field with over 69,000 net acres and 4,903 gross drilling
locations. The company plans to increase from a 4 rig to an 8 rig
program in 2017, increasing further to 10 rigs in 2018. Fitch
estimates that this development pace represents approximately 20
years of drilling inventory, relative to expected debt maturities
of between six to nine years.

Ultra's acreage is essentially 100% held by production, providing
the company significant flexibility in the timing of capital
deployment and drilling activity. Ultra focuses on vertical
development of the resource, and the Pinedale features greater than
5,000 feet of pay and consistent, predictable geology. At this
point, the field is largely delineated and de-risked, with
operations commencing in 1996, leading to less geologic risk versus
some peers.

Good Realized Prices Relative to Benchmarks
Ultra's production base is in the Rocky Mountain region. Basis
differentials are approximately 90% of Henry Hub, leading to solid
margins when combined with the company's low-cost production base.
During the Chapter 11 process, Ultra eliminated legacy firm
transportation agreements (including Rockies Express) in the second
quarter of 2016 and has no firm transport commitments until the end
of 2019. The company is now selling natural gas at processing plant
tailgates. The region also has excess pipeline takeaway capacity,
which should continue to support realized pricing.

Low Cost Wells Relative to Shale Peers
Ultra has been able to reduce drilling and completion costs through
operating efficiencies, including reducing days-to-drill and
improved completion methods. This has resulted in a 45% reduction
in well costs from $4.7 million/well in 2012 to $2.6 million/well
in 2016. This is a significant reduction, particularly when viewed
in the context of Fitch's long-term expectation for natural gas of
$3.25/mcf. Most of the company's wells are drilled vertically, at a
lower cost compared to the average horizontal well.

Hedging Policy in Place
As part of the post-closing credit facility, Ultra has minimum
hedging requirement of 50% of Proved Developed Producing (PDP)
reserves for the next 12 months. These hedges are to be executed
within 60 days post-closing. The company plans to utilize primarily
swaps to mitigate commodity price risk. Going forward, the company
plans to maintain a rolling hedge program equivalent to the next
12-18 months of production, helping to protect a minimum level of
cash flow needed to maintain drilling activity levels.
During 2013, 2014 and 2015, Ultra hedged 50%, 51% and 62% of
forecasted production volumes. The company did not hedge in 2016
due to low commodity prices and the Chapter 11 proceedings, and
currently has no derivative positions in place, leading to some
execution risk related to the 60-day hedging window and the current
futures curve.

Reasonable Metrics in Forecast
Fitch expects credit metrics to improve in the forecast, driven by
both debt reduction following emergence from Chapter 11 and
increased cash flow. Fitch expects EBITDA and operating cash flow
to improve in 2017, driven primarily by increased capex and higher
production volumes. Fitch's gas price deck is fairly flat through
2020 and does not offer substantial upside from current levels.
However, Ultra's low operating costs allow the company to realize
competitive margins on its Pinedale production base.

Fitch expects moderate cash flow outspend in 2018 as the company
regains operational momentum following a challenging 2016. The
company's $400 million revolver should provide adequate liquidity
under base case pricing, and Fitch expects the company to manage
capex spending to operating cash flow in the event of downside
volatility in natural gas pricing.

KEY ASSUMPTIONS

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

-- Base case WTI oil price that trends up from US$50/barrel in
    2017 to a long-term price of US$62.50/barrel;
-- Base case Henry Hub natural gas that trends up from
    US$2.75/mcf in 2017 to a long-term price of US$3.25/mcf;
-- Ultra receives approximately 93% of Henry Hub pricing through
    the forecast period;
-- Capex of $525 million in 2017, increasing moderately in out
    years;
-- Cash costs of $1.05 mcf are flat throughout the forecast
    period;
-- Production of approximately 795 mmcfe/d (132 mboe/d) in 2017,
    increasing at approximately a 12% CAGR through 2020;
-- No incremental equity issuance following backstopped offering
    in Q1 2017;
-- Payment related to pending make-whole litigation at or below
    $300 million.

RATING SENSITIVITIES
Positive: Future developments that may, individually or
collectively, lead to a positive rating action include:

-- Increased diversification into different production regions or
    increased exposure to high-margin liquids production;
-- Demonstrated commitment to lower gross debt levels and
    execution of a credit conscious plan to maintain operational
    momentum;
-- Mid-cycle debt/EBITDA below 3.0x.

Under its base case assumptions, Fitch expects that positive rating
momentum will be limited in the near term as Ultra completes its
emergence from Chapter 11 and re-establishes operational momentum.
Improved ratings could be driven by increased cash flow
diversification, either through expansion into a new production
region or increased exposure to liquids, or decreases in gross debt
leading to an improved credit profile.

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

-- Failure to manage liquidity and re-establish operational
    momentum through a successful drilling & completion program;
-- Mid-cycle debt/EBITDA above 3.5x;
-- An unexpected weakening in regional differentials or
    deterioration in the cost profile leading to lower netbacks.

Fitch expects that negative ratings momentum would be driven by an
increase in balance sheet debt (e.g. a leveraging acquisition) or a
sustained decrease in natural gas prices below base case
expectations, leading to an impaired liquidity profile.

Adequate Liquidity Position
The company is expected to have a $400 RBL revolver in-place and
approximately $400 million in balance sheet cash at emergence,
leading to pro forma liquidity of $800 million. While the revolver
is small compared to similarly sized peers, Fitch expects that
management will endeavour to spend within or near cash flow in the
near term while growing production, and potentially request an
increase in the borrowing base when PUDs are rebooked in early
2018. There is the potential for moderate outspend in 2018 as the
company regains operational momentum. The company's HBP acreage
position should allow them to balance these objectives while
calibrating production growth with the near-term pricing outlook.
Material revolver draws are not anticipated and liquidity should
remain adequate under Fitch's base case assumptions.

Ultra has agreed to set aside a $400 million litigation reserve
related to make-wholes on OpCo debt. This was done to prevent OpCo
creditors from objecting to confirmation of the Plan of
Reorganization, which was ultimately confirmed on March 14. Fitch's
cash flow analysis assumes a $300 million outflow related to
make-whole claims and post-petition interest, with the recognition
that the size and timing payments related to the litigation are
uncertain. In such a case, the need to draw on the credit facility
increases leverage and decreases near-term liquidity, and reflects
the risk related to the size and timing of litigation cash flows.
Ultra has a hearing for the make-whole litigation scheduled for
April 20, 2017.

Additionally, following emergence from Chapter 11 and the close of
exit financing, Ultra will be required to settle additional claims
from several counterparties. Proceeds are expected to come from the
proposed debt exit financing and cash flow from operations.

Above Average Recovery Estimates
Fitch views asset coverage as strong relative to the pro forma
capital structure, leading to expectations of 100% recoveries for
secured debt, and recoveries of between 71%-90% for unsecured debt.
Fitch's view is corroborated by reorganization values from Ultra's
confirmed plan, which include an enterprise value of $6 billion
relative to $2 billion in long-term debt, or $2.4 billion when
assuming a fully drawn credit facility.

FULL LIST OF RATING ACTIONS

Fitch has assigned the following expected ratings:

Ultra Resources, Inc.
-- Long-Term IDR 'BB-(EXP)';
-- Senior secured debt 'BB+/RR1(EXP)';
-- Senior unsecured debt 'BB/RR2(EXP)'.

Ultra Petroleum Corp.
-- Long-Term IDR 'BB-(EXP)'.

The Rating Outlook is Stable.


ULTRA RESOURCES: Moody's Assigns B1 Corporate Family Rating
-----------------------------------------------------------
Moody's Investors Service assigned first time ratings to Ultra
Resources, Inc., including a B1 Corporate Family Rating (CFR), a
B1-PD Probability of Default Rating (PDR) and a SGL-3 Speculative
Grade Liquidity (SGL) Rating. Moody's also assigned Ba2 ratings to
each of its proposed first lien revolving credit facility and term
loan, and B2 ratings to its proposed senior unsecured notes. The
company's proposed capital structure is disclosed on the company's
bankruptcy website. The ratings are subject to the completion of
Ultra's proposed debt issuances and a review of the final
documentation. The rating outlook is positive.

Net proceeds from the proposed debt issuances will be used to
refinance the committed bridge financing that, along with proceeds
from an equity rights offering, will be used to pay off certain
obligations under its bankruptcy exit plan.

"Following its exit from bankruptcy, Ultra will have a manageable
debt burden and adequate liquidity to ramp up development of its
assets, and reverse production declines," commented James Wilkins,
Moody's Vice President-Senior Analyst. "We expect Ultra's position
in the Pinedale and competitive costs should support adequate
capital efficiency, despite weak and range-bound natural gas
prices."

The following summarizes the ratings.

Issuer: Ultra Resources, Inc.

Ratings Assigned:

-- Corporate Family Rating, Assigned B1

-- Probability of Default Rating, Assigned B1-PD

-- Senior Secured First Lien Revolving Credit Facility,
    Assigned Ba2 (LGD2)

-- Senior Secured First Lien Term Loan, Assigned Ba2 (LGD2)

-- Senior Unsecured Regular Bond/Debenture due 2022, Assigned
    B2 (LGD5)

-- Senior Unsecured Regular Bond/Debenture due 2025, Assigned
    B2 (LGD5)

-- Speculative Grade Liquidity Rating, Assigned SGL-3

Outlook Actions:

-- Outlook, Assigned Positive

RATINGS RATIONALE

Ultra's B1 CFR reflects its debt burden when it exits from
bankruptcy, expected production volumes (company guidance of 132
mboe/d to 137 mboe/d in 2017) and competitive cost structure. Its
debt burden will be reduced through the bankruptcy process, but a
$400 million reserve account will be funded following emergence to
cover unsettled make-whole and interest payment claims. Ultra's
large, contiguous position in the Pinedale Field in Wyoming
provides a deep drilling inventory with significant future
development opportunities and meaningful proved developed (PD)
reserves value that exceeds the debt balance (post restructuring).
The B1 rating is further supported by management's operating
experience in the basin and a leveraged full-cycle ratio (LFCR)
that Moody's expects will be above 1.5x in 2017. Ultra's cost
structure improved during 2015-2016 as well costs declined, helping
to offset the impact of lower commodity prices on profit margins.

The rating is constrained by its geographic concentration of
reserves that are principally in a single basin and natural gas
production focus. Ultra's cash flows will be highly levered to weak
and range-bound natural gas prices and no natural gas commodity
price hedges are in place. However, going forward an active hedging
program (Ultra plans to hedge at least 50% of planned production)
will limit volatility of cash flows.

Ultra's SGL-3 rating reflects adequate liquidity supported by
availability under its proposed revolving credit facility, and
anticipated improvements in operating cash flows into mid-2018 that
will be supported by an active hedging program. Following its exit
from bankruptcy, Moody's expects the new $400 million borrowing
base revolving credit facility will be undrawn, and Ultra will have
no unrestricted balance sheet cash following funding of the $400
million make-whole litigation reserve. However, claims totaling
approximately $225 million to be paid within 90 days of exiting
from bankruptcy may be funded with revolver drawings. As capital
spending ramps up, Moody's expects spending to be funded with cash
flow from operations. To reduce volatility of cash flows, Ultra
will be required to hedge at least 50% of its first twelve months
of PDP production post-bankruptcy emergence.

The revolving credit facility has three financial covenants -- a
minimum EBITDAX to Interest Expense ratio of 2.5x, a minimum
Current Ratio of 1x, and a maximum Debt to EBITDAX ratio of 4.25x
through 2017 (stepping down to 4x beginning in first quarter 2018).
During an investment grade period, Ultra will also have to maintain
a minimum PV-9 to Net Debt ratio of 1.50x. Moody's anticipates
Ultra will maintain compliance with the covenants; however, the
headroom under the Debt to EBITDAX covenant will decline with the
step-down in the covenant test level in 2018. Substantially all of
the company's assets are pledged as security under the credit
facility, which limits the extent to which asset sales could
provide a source of additional liquidity. The next debt maturity
will be in 2022.

In accordance with Moody's Loss-Given-Default (LGD) methodology,
the proposed senior unsecured notes are rated B2, one notch below
the CFR, reflecting the lower priority of their claims relative to
the secured debt in Ultra's capital structure. Moody's believe the
Ba2 ratings on the first lien secured revolving credit facility and
first lien secured term loan, which are two notches above the B1
CFR, are more appropriate than the rating suggested by the LGD
methodology and reflect the senior secured nature of the debt and
more senior priority claim on assets compared to the unsecured
debt.

The positive outlook reflects the anticipated improvements in
Ultra's earnings and cash flow from operations as it increases
production. The ratings could be upgraded if Ultra maintains
retained cash flow (RCF) to debt above 30% while its leveraged
full-cycle ratio (LFCR) is above 1.5x. The ratings could be
downgraded if liquidity weakens materially or if RCF to debt is
expected remain below 20% for an extended period.

The principal methodology used in these ratings was Global
Independent Exploration and Production Industry published in
December 2011.

Ultra Resources, Inc., a wholly-owned subsidiary of Ultra Petroleum
Corp., is an independent exploration and production company
headquartered in Houston, Texas.


ULTRA RESOURCES: S&P Assigns 'B+' CCR; Outlook Stable
-----------------------------------------------------
S&P Global Ratings said that it had assigned a 'B+' corporate
credit rating to Houston-based Ultra Petroleum Corp.  The outlook
is stable.

At the same time, S&P assigned issue-level ratings to debt offered
by Ultra's subsidiary, Ultra Resources Inc.  S&P assigned a 'BB'
issue-level rating to the company's proposed secured first-lien
$600 million term loan.  The recovery rating is '1', indicating
S&P's expectation of very high (90%-100%; rounded estimate: 95%)
recovery for creditors in the event of a payment default.

S&P also assigned a 'BB-' issue-level rating to the company's
proposed $1.4 billion unsecured notes.  The recovery rating is '2',
indicating our expectation of substantial (70%-90%; rounded
estimate: 85%, capped) recovery in the event of a payment default.

S&P's rating incorporates Ultra's planned capital structure
following reorganization through Chapter 11 bankruptcy, which
converts approximately $1.3 billion of holding-company debt to
equity.  Ultra intends to issue $2 billion in new debt to fund
repayment to its credit facility lenders, its operating company
noteholders, and other claims.  S&P notes that, unusual for
bankruptcies, the plan results in operating company creditors
receiving full repayment in cash.

S&P views Ultra's business risk as fair.  The company is a midsize
oil and gas E&P company with primarily dry natural gas operations
in Wyoming (the Pinedale and Jonah fields).  At year-end 2016,
Ultra's proved reserve base using strip pricing was 5.8 trillion
cubic feet equivalent (tcfe), 92% of which was natural gas and 45%
classified as proved developed. Under Securities and Exchange
Commission (SEC) rules, which did not permit booking proved
undeveloped (PUD) reserves in 2016 due to concerns over funding
development to bankruptcy, proved reserves were 2.6 tcfe at the end
of 2016.  Production in 2016 averaged 772 million cubic feet
equivalent per day (mmcfe/d), and S&P expects full-year production
to average around 790 mmcfe/d.  Natural gas from the Pinedale field
accounts for almost all of Ultra's production, which S&P expects to
continue.

While Ultra has a large proved reserve base, S&P views its limited
geographic and production diversification--in addition to PUDs
representing a high proportion of total reserves--as negative
credit factors.  Approximately 93% of the company's production is
from the Jonah and Pinedale fields in Wyoming, 5% from Marcellus
Formation shale in Pennsylvania, and less than 2% from the Uinta
Basin.  S&P expects Ultra to concentrate on developing its Wyoming
properties this year due to better economics than at the Marcellus
and Uinta Basin sites.

The company has a high degree of operating efficiency, with cash
operating costs among the lowest of rated peers at $1.03 per mcfe
in 2016.  Historical finding and development costs are skewed by
very large negative price-related revisions in 2015 and limitations
on booking reserve additions in 2016 because of bankruptcy.  S&P
expects F&D costs to be comparable with the
$0.70 per mcfe level recorded in 2015 (excluding price-related
revisions), which S&P views as competitive.  The company develops
its Pinedale acreage through vertical wells that are less expensive
than horizontal wells typical of shale drilling, though production
and recoveries are lower.  Ultra also benefits from relatively
benign basis differentials in the Rockies, where transportation
capacity exceeds regional production by a wide margin.  As a
result, the company has a profitability advantage over most of its
Marcellus peers.

S&P assess Ultra's financial risk profile as aggressive.  Given
S&P's price assumptions, its forecast leverage measures include
funds from operations (FFO) to debt of about 24% and debt to EBITDA
of about 3.5x at year-end 2017.  S&P also expects the company to
outspend internally generated cash flow over the next two years.
S&P notes that its FFO forecast incorporates nonrecurring
settlement payments totaling about $240 million.  The company's
geographic and commodity concentrations lead S&P to assess its
volatility of cash flow as high.  While Ultra does not have hedges
in place, S&P expects the company to hedge a significant portion of
expected production after emergence from bankruptcy, providing a
measure of cash flow protection.

The stable outlook reflects S&P's expectation that the company will
maintain moderate leverage as it develops its Pinedale properties
and will maintain adequate liquidity.  S&P expects Ultra's leverage
to remain in the 20%-30% FFO-to-debt range over the next two years
while increasing production.

S&P could raise its ratings on Ultra if leverage improves such that
S&P's forecast FFO to debt consistently remains above 30%. This
would most likely occur if the company executes its development
plan, increasing production while maintaining moderate leverage.
S&P could also raise its ratings if Ultra improves its geographic
and commodity diversification and reduces PUD concentration.

S&P could lower the rating if it expects leverage to weaken such
that S&P's forecast FFO to debt remains below 12% for a sustained
period.  This would most likely occur if the company outspends cash
flows by more than S&P anticipates, or if commodity prices weaken
below its current assumptions.



UMATRIN HOLDING: Appoints WWC PC as New Accountants
---------------------------------------------------
Umatrin Holding Ltd dismissed Yichien Yeh CPA, P.C. as the
Company's independent registered public accounting firm
on Feb. 27, 2017.  The decision to change the independent
registered public accounting firm was approved by the Board of
Directors of the Company.
    
During the Company's most recent fiscal year ended Dec. 31, 2015,
and through Feb. 27, 2017, the date of dismissal, (a) there were no
disagreements with Yeh CPA on any matter of accounting principles
or practices, financial statement disclosure, or auditing scope or
procedure, which disagreements, if not resolved to the satisfaction
of Yeh CPA, would have caused it to make reference thereto in its
reports on the financial statements for such years and (b) there
were no "reportable events" as described in Item 304(a)(1)(v) of
Regulation S-K.    

On Feb. 28, 2017, the Board of Directors of the Company appointed
WWC, P.C., as its new independent registered public accounting firm
to audit and review the Company's financial statements.  During the
two most recent fiscal years ended Dec. 31, 2015, and Dec. 31,
2014, and any subsequent interim periods through March 14, 2017,
prior to the engagement of WWC, neither the Company, nor someone on
its behalf, has consulted WWC regarding:
    
   (i) either: the application of accounting principles to a
       specified transaction, either completed or proposed; or the
       type of audit opinion that might be rendered on the
       Company's consolidated financial statements, and either a
       written report was provided to the Company or oral advice
       was provided that the new independent registered public
       accounting firm concluded was an important factor
       considered by the Company in reaching a decision as to the
       accounting, auditing or financial reporting issue; or
    
  (ii) any matter that was either the subject of a disagreement as
       defined in paragraph 304(a)(1)(iv) of Regulation S-K or a
       reportable event as described in paragraph 304(a)(1)(v) of
       Regulation S-K.

                         About Umatrin

Umatrin Holding Limited (formerly known as Golden Opportunities
Corporation) was incorporated in the state of Delaware on Feb. 2,
2005.  The Company was originally incorporated in order to locate
and negotiate with a targeted business entity for the combination
of that target company with the Company.

For the nine months ended Sept. 30, 2016, the Company reported a
net loss of $140,962 on $1.37 million of sales compared to a net
loss of $958,495 on $2.56 million of sales for the same period
during the prior year.  As of Sept. 30, 2016, Umatrin had $1.79
million in total assets, $1.47 million in total liabilities and
$325,316 in total equity.

Yichien Yeh, CPA, in Oakland Gardens, New York, issued a "going
concern" qualification on the consolidated financial statements for
the year ended Dec. 31, 2015, citing that the Company has incurred
accumulated deficit of $2,384,996 as of Dec. 31, 2015, that include
loss of $364,077 for the eleven months ended Dec. 31, 2015.  These
factors raise substantial doubt about its ability to continue as a
going concern.


UNIQUE MOTORSPORTS: Taps DeMarco-Mitchell as Legal Counsel
----------------------------------------------------------
Unique Motorsports Inc. seeks approval from the U.S. Bankruptcy
Court for the Eastern District of Texas to hire legal counsel.

The Debtor proposes to hire DeMarco-Mitchell, PLLC to assist in the
negotiation and formulation of a plan of reorganization, and
provide other legal services related to its Chapter 11 case.

The hourly rates charged by the firm are:

     Robert DeMarco       $350
     Michael Mitchell     $285
     Paralegal            $125

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

The firm can be reached through:

     Robert T. DeMarco, Esq.
     Michael S. Mitchell, Esq.
     DeMarco-Mitchell, PLLC
     1255 W. 15th Street, 805
     Plano, TX 75075
     Tel: 972-578-1400
     Fax: 972-346-6791
     Email: robert@demarcomitchell.com
     Email: mike@demarcomitchell.com

                    About Unique Motorsports

Unique Motorsports, Inc. filed a chapter 11 petition (Bankr. E.D.
Tex. Case No. 17-40218) on Feb. 3, 2017.  The Debtor is represented
by Robert T. DeMarco, Esq. and Michael S. Mitchell, Esq., at
DeMarco Mitchell, PLLC.

The Debtor is a Powerstroke diesel performance and repair facility
located in Lewisville, Texas.  The Debtor also provides a wide
range of other vehicle services, including window tinting, audio
video installation, and routine maintenance.  The Debtor is also a
licensed car dealership with a small inventory of trucks and cars.

No trustee or examiner has been appointed, and no official
committee of unsecured creditors has yet been established.


UNITED ROAD: To Auction Assets on April 10
------------------------------------------
United Road Towing, Inc., and affiliates, filed with the U.S.
Bankruptcy Court for the District of Delaware a notice that they
are selling their personal property and other related interests at
an auction on April 10, 2017 at 10:00 a.m. (ET).

The auction of the Assets will be held at the offices of Young
Conaway Stargatt & Taylor, LLP, 1000 North King Street, Rodney
Square, Wilmington, Delaware.

The Debtors will consider proposals to acquire some or all of the
Assets through a sale under Section 363 of the Bankruptcy Code, the
acquisition of the equity of one or more Debtors though a sale
under section 363 of the Bankruptcy Code, or a sale of Assets or
the acquisition of the equity in one or more Debtors implemented
through a chapter 11 plan.

By Bidding Procedures Order, dated March 6, 2017, the Court
approved certain "Bidding Procedures" that govern the sale(s) of,
or other transaction(s) to acquire, the Assets by the highest and
best bidders.

The Debtors have requested the Court to enter an Order or Sale
Orders, which provide, among other things, for the sale of the
Assets free and clear of all liens, claims, encumbrances and other
interests, to the extent permissible by law, and the assumption of
certain liabilities.  A separate notice will be provided to
counterparties to executory contracts and unexpired leases with the
Debtors that may be assumed and assigned in connection with the
Sale Orders.

Any interested bidder should contact the Debtors' investment
banker, SSG Advisors, LLC.

The deadline to file an objection with the Court to the proposed
sale of the Assets is April 5, 2017 at 4:00 p.m. (ET).  

The deadline to be qualified as a Qualifying Bidder and to submit a
Qualifying Bid is April 6, 2017 at 5:00 p.m. (ET).  Subject to
Section 7 of the Bidding Procedures with respect to credit bids,
all Qualifying Bids must be accompanied with a deposit in an amount
equal to the greater of $200,000 or 10% of the total consideration
provided under the proposed Transaction Agreement; provided, that
the Debtors may alter the Deposit requirement for any party
selected as a Stalking Horse Purchaser with leave of the Court.

The Court will conduct a Sale Hearing to consider the proposed
sales on April 12, 2017 at 1:30 p.m. (ET).

                   About United Road Towing

Headquartered in Mokena, Illinois, United Road Towing, Inc.
– dba
Good Buy Auto Auction, UR Vehicle Management Solutions, Quality
Towing, United Road Vehicle Management Solutions, and dba United
Road Towing-San Antonio -- and its affiliates provide towing,
recovery, impound, and vehicle management solutions services to
both the private and public sector. Through a portfolio of local
and regional brands operating across 10 different regions in eight
different states, the Company dispatches approximately 500,000
tows, manage over 200,000 impounds and sell over 38,000 vehicles
annually across the U.S.

United Road Towing, Inc., filed for Chapter 11 bankruptcy
protection (Bankr. D. Del. Case No. 17-10249) on Feb. 6, 2017.

These affiliates filed separate Chapter 11 bankruptcy petitions on
the same day: URT Holdings, Inc. (Bankr. D. Del. Case No.
17-10250), City Towing, Inc. (Bankr. D. Del. Case No. 17-10251),
URS West, Inc. (Bankr. D. Del. Case No. 17-10252), Bill & Wag's,
Inc. (Bankr. D. Del. Case No. 17-10253), Export Enterprises of
Massachusetts, Inc. (Bankr. D. Del. Case No. 17-10254), Pat's
Towing, Inc. (Bankr. D. Del. Case No. 17-10255), Keystone Towing,
Inc. (Bankr. D. Del. Case No. 17-10256), Ross Baker Towing, Inc.
(Bankr. D. Del. Case No. 17-10257), URT Texas, Inc. (Bankr. D.
Del.
Case No. 17-10258), Mart Caudle Corporation (Bankr. D. Del. Case
No. 17-10259), Signature Towing, Inc. (Bankr. D. Del. Case No.
17-10260), WHW Transport, Inc. (Bankr. D. Del. Case No. 17-10261),
URS Southeast, Inc. (Bankr. D. Del. Case No. 17-10262), URS
Northeast, Inc. (Bankr. D. Del. Case No. 17-10263), URS Southwest,
Inc. (Bankr. D. Del. Case No. 17-10264), Fast Towing, Inc. (Bankr.
D. Del. Case No. 17-10265), E&R Towing and Garage, Inc. (Bankr. D.
Del. Case No. 17-10266), Sunrise Towing, Inc. (Bankr. D. Del. Case
No. 17-10267), Ken Lehman Enterprises, Inc. (Bankr. D. Del. Case
No. 17-10268), United Road Towing of South Florida, Inc. (Bankr.
D.
Del. Case No. 17-10269), Rapid Recovery Incorporated (Bankr. D.
Del. Case No. 17-10270), United Road Towing Services, Inc. (Bankr.
D. Del. Case No. 17-10271), Arri Brothers, Inc. (Bankr. D. Del.
Case No. 17-10272), Rancho Del Oro Companies, Inc. (Bankr. D. Del.
Case No. 17-10273), CSCBD, Inc. (Bankr. D. Del. Case No.
17-10274),
UR VMS, LLC (Bankr. D. Del. Case No. 17-10275), URS Leasing, Inc.
(Bankr. D. Del. Case No. 17-10276), and UR Vehicle Management
Solutions, Inc. (Bankr. D. Del. Case No. 17-10277).

The petitions were signed by Michael Mahar, chief financial
officer.

Judge Laurie Selber Silverstein presides over the case.

The Debtors estimated assets of between $10 million and $50
million
and debt between $50 million and $100 million.

Daniel J. McGuire, Esq., Grace D. D'Arcy, Esq., and Carrie V.
Hardman, Esq., at Winston & Strawn LLP, serve as Debtors' general
counsel.

M. Blake Cleary, Esq., Ryan M. Bartley, Esq., and Andrew
Magaziner,
Esq., at Young Conaway Stargatt & Taylor, LLP, serve as the
Debtors' Delaware counsel.

Getzler Henrich & Associates LLC is the Debtors' financial
advisor.

SSG Advisors LLC is the Debtors' investment banker.

Rust Consulting/Omni Bankruptcy is the Debtors' noticing, claims
and balloting agent.

Andrew R. Vara, Acting U.S. Trustee for Region 3, on Feb. 16,
2017,
appointed five creditors to serve on the official committee of
unsecured creditors appointed in the Chapter 11 cases of United
Road Towing, Inc., and its affiliates. The Committee has hired
Pachulski Stang Ziel & Jones LLP as counsel, and Gavin/Solmonese
LLC as financial advisor.


UNITY RESPIRATORY: Taps Benjamin Martin as Legal Counsel
--------------------------------------------------------
Unity Respiratory and Diabetic, Inc. seeks approval from the U.S.
Bankruptcy Court for the Middle District of Florida to hire legal
counsel.

The Debtor proposes to hire the Law Offices of Benjamin Martin to
prepare a plan of reorganization, review claims made by creditors,
and provide other legal services related to its Chapter 11 case.

The firm will charge an hourly rate of $300 for attorney's time,
and $100 per hour for travel time.

Benjamin Martin, Esq., does not hold or represent any interest
adverse to the Debtor or its bankruptcy estate, according to court
filings.

The firm can be reached through:

     Benjamin G. Martin, Esq.
     Law Offices of Benjamin Martin
     1620 Main Street, Suite 1
     Sarasota, FL 34236
     Phone: (941) 951-6166
     Fax: 941-951-2076
     Email: skipmartin@verizon.net

              About Unity Respiratory and Diabetic

Unity Respiratory and Diabetic, Inc. sought protection under
Chapter 11 of the Bankruptcy Code (Bankr. M.D. Fla. Case No.
17-01681) on March 1, 2017.  The petition was signed by Wayne
Perry, president.

At the time of the filing, the Debtor estimated assets of less than
$100,000 and liabilities of less than $10 million.


V & V SUPERMARKETS: Case Summary & 20 Largest Unsecured Creditors
-----------------------------------------------------------------
Debtor: V. & V. Supermarkets, Inc.
           dba Foodtown of Lake Hiawatha
        435 North Beverwyck Road
        Lake Hiawatha, NJ 07034

Case No.: 17-15174

Industry: Grocery Stores

Chapter 11 Petition Date: March 16, 2017

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

Judge: Hon. Vincent F. Papalia

Debtor's Counsel: Robert S. Roglieri, Esq.
                  TRENK, DIPASQUALE, DELLA FERA & SODONO, P.C.
                  347 Mt. Pleasant Ave., Ste. 300
                  West Orange, NJ 07052
                  Tel: 973-323-8026
                  Fax: 973-243-8677
                  E-mail: RRoglieri@trenklawfirm.com

                    - and -

                  Richard D. Trenk, Esq.
                  TRENK, DIPASQUALE, DELLA FERA & SODONO, P.C.
                  347 Mt. Pleasant Avenue, Suite 300
                  West Orange, NJ 07052
                  Tel: (973) 243-8600
                  E-mail: rtrenk@trenklawfirm.com
Debtor's
Financial
Advisor:          GLASSRATNER ADVISORY & CAPITAL GROUP, LLC

Total Assets: $915,576

Total Liabilities: $4.21 million

A copy of the Debtor's list of 20 largest unsecured creditors is
available for free at:

                  http://bankrupt.com/misc/njb17-15174.pdf

The Debtor's secured creditors are C & S Wholeshale Grocers, Inc.,
$285,458; Mariner's Bank, $474,067; and Santander Bank, $18,000.

The petition was signed by Vittorio Laracca, president and majority
shareholder.

Prior to the Petition Date, Trenk DiPasquale received and deposited
in trust the sum of $36,717, representing the retainer plus filing
fees.  On March 16, 2017, Trenk DiPasquale applied $16,895 in
payment of invoices for fees and expenses including the filing fees
incurred prior to the Petition Date.  Trenk DiPasquale maintains a
retainer of $19,822.


V-BLOX CORP: May Use T.D. Bank's Cash Collateral Until June 7
-------------------------------------------------------------
The Hon. Paul M. Glenn of the U.S. Bankruptcy Court for the Middle
District of Florida has granted V-Blox Corporation interim
permission to use T.D. Bank N.A.'s cash collateral for the
operation of its business in the ordinary course, and payment of
U.S. quarterly trustee fees.

A final hearing on the continued use of cash collateral is set for
June 7, 2017, at 1:30 p.m.

As adequate protection for the Debtor-In-Possession's continued use
of the assets, the Debtor-In-Possession will make the regular
monthly payments to T.D. Bank N.A. no later than the current due
date of each month during the term of this court order.

T.D. Bank is granted replacement liens in cash collateral acquired
after the Feb. 24, 2017 petition date to the same priority,
validity and other extent that any current lien may exist.

All revenues received by the Debtor-In-Possession will be deposited
in a debtor-in-possession bank account at a depository approved by
the U.S. Trustee.  

The Debtor-In-Possession filed on Feb. 24, 2017, a motion for court
authorization to use cash collateral.  Prior to the Petition Date,
the Debtor entered into a security agreement with T.D. Bank.
Pursuant to the loan agreements, T.D. Bank has liens on the
Debtor's property, including the proceeds thereof.  The Debtor is
current on the loan obligation as of the Petition Date.
A copy of the motion is available at:

            http://bankrupt.com/misc/flmb17-00628-7.pdf

                    About V-Blox Corporation

V-Blox Corporation's business operations involve selling equipment
and maintenance to businesses in order to reduce their energy
costs.

The Debtor sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. M.D. Fla. Case No. 17-00628) on Feb. 24, 2017.  The
petition was signed by David T. Mulvaney, president.  At the time
of the filing, the Debtor estimated assets and liabilities of less
than $500,000.  Jason A. Burgess, Esq., at The Law Offices of Jason
A. Burgess, LLC, serves as the Debtor's bankruptcy counsel.


VERENGO INC: Unsecureds to Recover Nothing Under Plan
-----------------------------------------------------
Verengo, Inc., filed with the U.S. Bankruptcy Court for the
District of Delaware a combined disclosure statement and Chapter 11
plan of reorganization dated March 6, 2017.

Class 4 General Unsecured Claims are impaired by the Plan and the
holders are expected to recover 0%.

Class 4 consists of General Unsecured Claims against the Debtor,
including the claims related to the Investor Notes held by Arnold
Fishman, BainBridge Partners, Org Bowen Campbell & Lauren Bishop,
and Bishop Living Trust.  Each holder of an Allowed Class 4 Claim
will be paid in cash from the distribution trust, the pro rata
share of its beneficial interest in the distribution trust, after
payment in full, or a reserve being established for, all
administrative claims, priority claims, and secured claims.

The Distributions on allowed Claims and the Reorganized Debtor's
future results are dependent upon the successful confirmation and
implementation of a plan of reorganization.  Failure to obtain this
approval in a timely manner could adversely affect the Debtor's
operating results, as the Debtor's ability to obtain financing to
fund its operations may be harmed by protracted bankruptcy
proceedings, and may adversely affect the available cash for
distributions on allowed claims.  Furthermore, the Debtor cannot
predict the ultimate amount of all settlement terms for its
liabilities that will be subject to a plan of reorganization.

A copy of the Disclosure Statement is available at:

           http://bankrupt.com/misc/deb16-12098-203.pdf

                          About Verengo

Headquartered in Torrance, California, Verengo, Inc., owns
warehouse operations centers in Anaheim and Valencia, California,
and an operations center in Phoenix, Arizona.  The Debtor
originated from Ken Button and Randy Bishop's purchase of Gemstar
Builders in February 2008, which was subsequently renamed Verengo
Solar, a dba of Verengo, Inc.  The Debtor's business focuses on the
installation of solar photovoltaic systems.  The Debtor offers a
range of energy-saving products to help users to conserve the
energy generated from their solar systems.  The Debtor also markets
and sells solar panels and semiconductor-based micro inverter
systems in the United States.

The Debtor filed a Chapter 11 petition (Bankr. D. Del. Case No.
16-12098) on Sept. 23, 2016.  The petition was signed by Dan
Squiller, CEO.  The Debtor is represented by Scott D. Cousins,
Esq., and Evan T. Miller, Esq., at Bayard, P.A.  The Debtor tapped
Sherwood Partners, Inc., as financial advisors, and SSG Advisors,
LLC as investment banker.

The case is assigned to Judge Brendan Linehan Shannon.  The Debtor
estimated assets and liabilities at $10 million to $50 million at
the time of the filing.


VERTEX ENERGY: Incurs $3.95 Million Net Loss in 2016
----------------------------------------------------
Vertex Energy, Inc. filed with the Securities and Exchange
Commission its annual report on Form 10-K disclosing a net loss of
$3.95 million on $98.07 million of revenues for the year ended Dec.
31, 2016, compared to a net loss of $22.51 million on $146.9
million of revenues for the year ended Dec. 31, 2015.

As of Dec. 31, 2016, Vertex had $86.98 million in total assets,
$28.66 million in total liabilities, $3.33 million in series B
preferred stock, $13.75 million in series B-1 preferred stock and
$41.23 million in total equity.

The Company had negative working capital of $1.268 million as of
Dec. 31, 2016, compared to negative working capital of $10.50
million as of Dec. 31, 2015.  The decrease in working capital
deficit is mainly due to the decrease in current portion of
long-term debt and accounts payable and accrued expenses offset by
increases in cash and cash equivalents, accounts receivable, and
inventory.

"Our future operating cash flows will vary based on a number of
factors, many of which are beyond our control, including commodity
prices, the cost of recovered oil, and the ability to turn our
inventory.  Other factors that have affected and are expected to
continue to affect earnings and cash flow are transportation,
processing, and storage costs.  Over the long term, our operating
cash flows will also be impacted by our ability to effectively
manage our administrative and operating costs.  Additionally, we
may incur future capital expenditures related to new refining
facilities.  During the first quarter of 2016 our Heartland
facility experienced a fire at the re-refinery, this affected our
cash flows during the first quarter as well as into the second
quarter as this facility worked to come back on-line.  The
Heartland facility became fully operational in May 2016," the
Company stated in the regulatory filing.

The Company's auditors indicated in their report on the Company's
financial statements for the fiscal year ended Dec. 31, 2015, that
conditions existed that raise a substantial doubt about the
Company's ability to continue as a going concern due to our net
loss for the year ended Dec. 31, 2015.

"A similar future "going concern" opinion could impair our ability
to finance our operations through the sale of equity, incurring
debt, or other financing alternatives and/or negatively affect our
relationships with customers and suppliers and/or negatively effect
the willingness of our suppliers to allow us to maintain credit
with them.  Our ability to continue as a going concern will depend
upon our ability to grow our operations and integrate newly
acquired assets and operations, our ability to acquire additional
assets and operations, and our ability to improve operating margins
and regain profitability.  If we are unable to achieve these goals,
our business would be jeopardized and the Company may not be able
to continue.  If we ceased operations, it is likely that all of our
investors would lose their investment."

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

                    https://is.gd/s4FBgh

                     About Vertex Energy

Vertex Energy, Inc. (VTNR) -- http://www.vertexenergy.com/-- is a
refiner and marketer of high-quality specialty hydrocarbon
products.  With headquarters in Houston, Texas, Vertex processing
facilities are located in Houston (TX), Marrero (LA) and Columbus
(OH).


WAREHOUSE 11: Case Summary & 5 Unsecured Creditors
--------------------------------------------------
Debtor: Warehouse 11, LLC
        320 Roebling Street, Suite 314
        Brooklyn, NY 11211

Case No.: 17-41221

Chapter 11 Petition Date: March 16, 2017

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

Judge: Hon. Elizabeth S. Stong

Debtor's Counsel: Nnenna Okike Onua, Esq.
                  MCKINLEY ONUA & ASSOCIATES, PLLC
                  26 Court Street, Suite 300
                  Brooklyn, NY 11242
                  Tel: (718) 522-0236
                  Fax: (718) 701-8309
                  E-mail: nonua@mckinleyonua.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Yehuda Epstein, authorized signer.

A copy of the Debtor's list of five unsecured creditors is
available for free at:

             http://bankrupt.com/misc/nyeb17-41221.pdf


WAYNE PERRY: Seeks to Hire Benjamin Martin as Legal Counsel
-----------------------------------------------------------
Wayne Perry, Inc. seeks approval from the U.S. Bankruptcy Court for
the Middle District of Florida to hire legal counsel.

The Debtor proposes to hire the Law Offices of Benjamin Martin to
prepare a plan of reorganization, review claims made by creditors,
and provide other legal services related to its Chapter 11 case.

The firm will charge an hourly rate of $300 for attorney's time,
and $100 per hour for travel time.

Benjamin Martin, Esq., does not hold or represent any interest
adverse to the Debtor or its bankruptcy estate, according to court
filings.

The firm can be reached through:

     Benjamin G. Martin, Esq.
     Law Offices of Benjamin Martin
     1620 Main Street, Suite 1
     Sarasota, FL 34236
     Phone: (941) 951-6166
     Fax: 941-951-2076
     Email: skipmartin@verizon.net

                     About Wayne Perry Inc.

Wayne Perry, Inc. sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. M.D. Fla. Case No. 17-01682) on March 1,
2017.  The petition was signed by Wayne Perry, president.  

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


WELLMAN DYNAMICS: WDMA Unsecureds to Get Full Payment, Plus 3%
--------------------------------------------------------------
Wellman Dynamics Machinery & Assembly Inc. filed with the U.S.
Bankruptcy Court for the Southern District of Iowa a second amended
disclosure statement dated March 6, 2017, referring to the Debtor's
plan of reorganization.

Class 5 Allowed General Unsecured Claims has approximately two
claims, and the total amount of such Claims is approximately
$81,535.87.  Class 5 is impaired.  Each holder of a Class 5 Claim
will receive, in exchange for and in full satisfaction of the
claim, a dividend, in cash, in deferred quarterly payments, with
the first payment being on the Effective Date, and subsequent
payments within 90 days thereafter, for a period not to exceed five
years from and after the Effective Date.  The quarterly dividend
will be divided Pro-Rata among all Class 5 Claim Holders based on
the amount of their respective Allowed General Unsecured Claims.
The Debtor estimates that the minimum total amount of the dividends
to be paid on all Allowed Class 5 Claims will be equal to 100% of
the claims, plus interest at 3.0% per annum, as and from the
Effective Date.  The Class 5 Claims will be paid through the Debtor
WDMA's bankruptcy estate and not by the WDC bankruptcy estate or
the Fansteel bankruptcy estate.

It is estimated that the unsecured creditors will receive full
repayment from the collateral trust.  Class 5 Claim holders may
elect one of two options.  For the first option, the Class 5 Claim
holders may elect to receive 100% of their allowed claim within
five years plus annual amortized interest of 3% as follows: (a) the
first four quarters (Quarters 1-4) will receive a payment of
interest only and the first payment shall be made within 30 days
from the Effective Date; (b) the next 15 quarters (Quarters 5-19)
will receive a payment of principal and interest and payment will
be made in advance within 10 days from the first day of each
quarterly payment; and (c) the one final payment (Quarter 20) of
accrued interest and principal is due as a full settlement no later
than the end of the final amortization day.  These payments are
discretionary in only one instance -- the new senior secured credit
facility may require a minimum EBITDA in excess of fixed charge
obligations.

The Debtor anticipates a minimum of 1.1 ratio, which means that the
Debtor needs 10% more cash flow than what it is obligated to pay to
the bank, before the Debtor can make other debt payments.  The
Debtor's projections indicate that it will always exceed the
minimum fixed charge coverage ratio and therefore the Debtor
anticipates payments will not need to be discretionary and will be
made as scheduled.  The second option for holders of Class 5 Claims
is to elect to receive 30% of their allowed claim paid in full on
the Effective Date in complete satisfaction of their allowed claim.
If holders of allowed Class 5 Claims wish to elect to receive
payment of 30% of their claim in full satisfaction of said claim,
they must clearly select the option on their ballot and timely
submit same by the ballot deadline.

Class 6 Allowed Claims Filed by the Pension Benefit Guaranty
Corporation Relating to the Wellman Dynamics Corporation Salaried
Employees Retirement Plan -- estimated at $6,995,929.89 -- will be
treated and paid through the WDC Plan of Reorganization.  Should
WDC fail to make any of the WDC Class 14 claims payments, WDMA and,
or, Fansteel will pay the balance owed.

The Second Amended Disclosure Statement is available at:

          http://bankrupt.com/misc/iasb16-01827-77.pdf

                  About Wellman Dynamics Corp.

Headquartered in Creston, Iowa, Wellman Dynamics Corporation
produces highly complex precision aluminum and magnesium sand
castings for the aerospace and defense industries.  Its largest
casting weighs approximately 630 pounds and its most complex
casting requires a mold that is hand assembled from 125 individual
intricate components, virtually all of which are designed and
manufactured in-house.  The Debtor owns the only molds for 79% of
its products.  In some cases, although another tool exists, the
Debtor is still the sole source on 94% of its castings.  Every U.S.
military helicopter program relies upon the Debtor's castings
produced in Creston, Iowa.

The Debtor filed for Chapter 11 bankruptcy protection (Bankr. S.D.
Iowa Case No. 16-01825) on Sept. 13, 2016.  Judge Anita L. Shodeen
presides over the case.

The Debtor's counsel is Jeffrey D. Goetz, Esq., and Krystal R.
Mikkilineni, Esq., at Bradshaw, Fowler, Proctor & Fairgrave, P.C.,
in Des Moines, Indiana.


WENNER MEDIA: Us Weekly Sale No Impact on Moody's B3 CFR
--------------------------------------------------------
Moody's Investors Service said Wenner Media LLC's B3 Corporate
Family Rating (CFR), existing debt ratings and stable outlook are
not impacted by its announcement that it has entered into a
definitive agreement to sell its entire ownership of Us Weekly
magazine to American Media, Inc.

Headquartered in New York, NY, Wenner Media LLC is a publisher of
entertainment and lifestyle magazines in the US.


WESCO AIRCRAFT: S&P Revises Outlook to Stable & Affirms 'B+' CCR
----------------------------------------------------------------
S&P Global Ratings said that it revised its outlook on Wesco
Aircraft Holdings to stable from positive.

At the same time, S&P affirmed all its ratings on the company,
including S&P's 'B+' corporate credit rating.

The outlook revision reflects a tighter covenant cushion than S&P
anticipated, with headroom under the leverage covenant less than
15% for at least the next 6-9 months despite higher covenant limits
in the amendment.  S&P expects the amendment, which includes the
more gradual step-downs in the leverage covenant, to allow Wesco to
remain in compliance with its covenants but are concerned about the
pace and sustainability of improvements in leverage over the next
12 months.  S&P expects credit metrics to deteriorate somewhat in
fiscal-year 2017, given the higher required investments in support
of growth and the resulting higher debt, with funds from operations
(FFO) to debt declining to 15%-18% from 19.2% in 2016.

The company has won new contracts and renewed contracts with
existing customers, which should improve revenues and earnings over
the next few years.  However, this growth requires increased
investments in people and systems as well as additional inventory,
which will result in lower free cash flow and less debt reduction
than S&P expected, and therefore higher leverage over the next
year.

S&P views some challenges the company faced in the first quarter of
fiscal 2017 (ended Dec. 31, 2016) as temporary, including
disruptions at customer sites that with currency translations
weakened results.  S&P expects Wesco to benefit as customers
resolve issues at their sites and demand for Wesco's products
increase, although S&P expects the production schedule revision by
the major OEM to continue to slow sales through 2017.  As a result,
in 2017 S&P expects flat to modest revenue growth along with
benefits from prior restructuring actions and more moderate
selling, general, and administrative (SG&A) expenses to result in
improving earnings.  However, this will be offset by a higher
percentage of more stable long-term and just-in-time contracts that
offer somewhat lower margins than do ad hoc sales.

S&P's base-case scenario assumes these:

   -- Organic revenue growth of about 0%-2% in 2017, increasing to

      2%-5% in 2018 as the company reaps the benefits from recent
      contract wins and renewals and from declining investments to

      support growth;

   -- EBITDA margins of 14%-15% over the next two years; and

   -- Acquisitions starting in 2018.

Based on these assumptions, we arrive at these credit measures:

   -- Debt-to-EBITDA ratios of 3.5x-4x in 2017 and 3x-3.5x in
      2018;

   -- An FFO-to-debt ratio of 15%-18% in 2017, increasing to 18%-
      21% in 2018; and

   -- Modestly positive operating cash flow to debt in 2017,
      increasing to 10%-15% in 2018 as inventory investments start

      to decline.

S&P assess Wesco's liquidity as less than adequate.  S&P believes
that the amendment will allow the company to remain in compliance
with its leverage covenant, but the pace and sustainability of a
covenant cushion above 15% is uncertain.  There is still some risk
that the company could violate its covenants over the next year if
its EBITDA does not improve as S&P expects, or declines from
current levels.  S&P expects Wesco's sources of liquidity to be at
least 1.2x its uses over the next 12 months even though the
availability under its revolver will be limited by the tight
covenant compliance.

Principal liquidity sources:

   -- Cash of $51.2 million at Dec. 31, 2016;
   -- A GBP7 million line of credit available to its U.K.
      operations;
   -- Availability of $60 million under the $180 million revolver
      (availability limited by covenants); and
   -- FFO of $120 million-$150 million in 2017, increasing to
      $140 million-$180 million in 2018.

Principal liquidity uses:

   -- Capital expenditures of between $10 million and $15 million
      annually;
   -- Modest required debt maturities of $20 million on the term
      loan A.  There is no required amortization on the term loan
      B given the company's prepayments; and
   -- Increased working capital usage of $100 million-$130 million

      in 2017, compared to about $40 million in 2016.

The stable outlook reflects S&P's expectation that the company's
credit metrics will improve over the next year as it benefits from
new contracts and renewals, and margins benefit from previous cost
reduction efforts.  It also reflects S&P's expectation that the
amendment will allow Wesco to remain in compliance with its
leverage covenant with improving cushion over the next 12 months.

S&P could raise its rating on Wesco if better-than-expected
earnings or debt reduction from increasing cash flow improves the
company's covenant cushion to at least 15% while its EBITDA margin
improves such that FFO-to-debt and operating cash flow
(OCF)-to-debt ratios both rise above 15%.

S&P could lower its rating on Wesco if FFO to debt declines below
12% or its OCF to debt declines to less than 10% for a sustained
period.  This could occur if revenues and earnings do not increase
as S&P expects, likely due to lower demand from customers, and
sales mix changes or if required investments in new growth are
higher than S&P anticipates, resulting in diminished cash flow.
S&P could also lower the rating if liquidity weakens, leading S&P
to believe the company would violate the covenants on its debt.



WESTERN STATES: Has Interim Authorization to Use Cash Collateral
----------------------------------------------------------------
Judge Cathleen D. Parker of the U.S. Bankruptcy Court for the
District of Wyoming authorized Western States, Inc., to use cash
collateral on an interim basis.

The Debtor and its secured creditors, Avana Capital, L.L.C., Avana
Fund I, L.L.C., and Itria Ventures, LLC consent and stipulate to
permit CRU Real Estate Group, the appointed Receiver, to use cash
collateral in order to perform its duties as set forth in the
Receivership Order.

The Debtor is authorized to use of cash collateral to pay ordinary
and necessary post-petition expenses actually incurred, billed to
the Debtor, and included in the Budget.

Prepetition, Avana Capital loaned to the Debtor $3,083,000 secured
by a certain mortgage. As further security for repayment of the
loan, the Debtor executed and delivered to Avana Capital a certain
Assignment of Leases and Rents.

The Debtor acknowledged that as of the Petition Date, it was
indebted to Itria Ventures pursuant to Future Receivables Sale
Agreement in the amount of at least $189,500.00 plus accrued and
accruing interest, late charges, attorney's fees, and costs. Itria
Ventures asserted a valid and perfected lien and security interest
in certain personal property of the Debtor's present and future
accounts, chattel paper, deposit accounts, documents, personal
business property, assets and fixtures, general intangibles,
instruments, equipment, inventory and proceeds owned or acquired by
Debtor.

Avana Capital and Itria Ventures were each granted valid and
perfected security interests and liens in all of the Debtor's now
owned or after acquired property interests of the types and to the
same extent and priority as each of them would be entitled to under
their respective Loan Documents.

The Debtor's authorization to use cash collateral will
automatically terminate upon the earliest of:

      (a) 30 days following entry of this Interim Order, unless
Avana Capital and Itria Ventures agrees in writing in their sole
discretion to a later date;

      (b) the granting of stay relief to any party that claims an
interest in the collateral or in the Replacement Collateral; or

      (c) the filing by the Debtor or any other party in interest
of any motion which seeks to grant to a party other than Avana
Capital and Itria Ventures a lien or security interest equal or
senior to the respective liens and security interests held by Avana
Capital and Itria Ventures in the collateral and the replacement
collateral.

A full-text copy of the Order, dated March 7, 2017, is available at

http://tinyurl.com/hnucun8

Attorneys for Avana Capital, L.L.C. and Avana Fund I, LLC

           PENCE AND MACMILLAN LLC
           501 E. Garfield Street
           Laramie, WY 82070

               -- and --

           Lori L. Winkelman, Esq.
           QUARLES & BRADY LLP
           Renaissance One
           Two North Central Avenue
           Phoenix, AZ 85004


Attorney for Itria Ventures, LLC

           Amy Wallace Potter, Esq.
           Garland & Potter, LLC
           PO Box 4310
           235 E. Broadway
           Jackson, Wyoming 83001

                         About Western States

Western States, Inc., based in Casper, WY, filed a Chapter 11
petition (Bankr. D. Wyo. Case No. 17-20041) on Jan. 25, 2017.  The
petition was signed by Daljeet S Mann, general manager/shareholder.
Judge Cathleen D. Parker presides over the case.  The Debtor is
represented by Paul Hunter, Esq.  In its petition, the Debtor
estimated $1 million to $10 million in both assets and liabilities.



WESTMOUNTAIN GOLD: Seeks to Hire Thrasher Worth as Special Counsel
------------------------------------------------------------------
WestMountain Gold, Inc. seeks approval from the U.S. Bankruptcy
Court for the District of Colorado to hire Thrasher Worth LLC as
special counsel.

Thrasher Worth will advise the Debtor regarding securities issues
and issues involving its responsibilities as a public corporation,
prepare filings for the Securities and Exchange Commission, and
give legal advice on corporate finance matters.

Grady Thrasher, Esq., and Jonathan Jarrell, Esq., the attorneys
designated to represent the Debtor, will charge $450 per hour and
$295 per hour, respectively.  

Mr. Thrasher disclosed in a court filing that his firm does not
hold any interest adverse to the Debtor's bankruptcy estate and its
creditors.

The firm can be reached through:

     Grady Thrasher, Esq.
     Thrasher Worth LLC
     Five Concourse Parkway, Suite 3200
     Atlanta, GA 30328

                     About WestMountain Gold

Based in Fort Collins, Colorado, WestMountain Gold, Inc. is a
precious metals exploration company.  Its major project is known as
the Terra or TMC Project, which consists of a gold mining operation
in Alaska.

WestMountain Gold, Inc. and Terra Gold Corporation sought
protection under Chapter 11 of the Bankruptcy Code (Bankr. D. Colo.
Lead Case No. 17-11527) on March 1, 2017.  The petitions were
signed by Rick Bloom, authorized representative.  

At the time of the filing, the Debtors estimated their assets and
debts at $1 million to $10 million.  Kutner Brinen, P.C. represents
the Debtors as bankruptcy counsel.


WESTPORT HOLDINGS: Examiner Taps Terracon to Conduct Assessment
---------------------------------------------------------------
Jeffrey W. Warren, the duly appointed Examiner of Westport Holdings
Tampa, Limited Partnership, et al., seeks authority from the U.S.
Bankruptcy Court for the Middle District of Florida to employ
Terracon Consultants, Inc. to conduct property condition
assessment.

The Examiner requires Terracon to conduct property condition
assessment of the Debtor's facilities. The assessment of the
facilities would provide important information as part of the Court
approved auction process that is scheduled to be conducted on March
22, 2017.

Terracon will be paid the amount of $19,400 for the base property
condition assessment services.

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

To the best of the Examiner's knowledge, the firm is a
"disinterested person" as the term is defined in Section 101(14) of
the Bankruptcy Code and does not represent any interest adverse to
the Debtors and their estates.

Terracon can be reached at:

     Robert D. Stricklin
     TERRACON CONSULTANTS, INC.
     1675 Lee Rd.
     Winter Park, FL 32789-2207
     Tel: (407) 740-6110
     Fax: (407) 740-6112

                About Westport Holdings Tampa,
                      Limited Partnership

Westport Holdings Tampa, dba University Village, is a care
retirement community in Tampa, Florida. It offers residents villas,
apartments, an assisted living facility and a skilled nursing care
center for their end of life needs.

Westport Holdings Tampa, Limited Partnership and Westport Holdings
Tampa II, Limited Partnership filed Chapter 11 petitions (Bankr.
M.D. Fla. Case Nos. 16-8167 and 16-8168) on Sept. 22, 2016.

Scott A. Stichter, Esq., and Stephen R. Leslie, Esq., at Stichter
Riedel Blain & Postler, P.A. represent the Debtors as bankruptcy
counsel. The Debtors tapped Broad and Cassel as special counsel for
healthcare and related litigation matters.

Jeffrey Warren was appointed as examiner in the Debtors' cases. He
is represented by Bush Ross, P.A.

The Office of the U.S. Trustee appointed an official committee of
unsecured creditors on October 11, 2016, and an official committee
of resident creditors on December 29, 2016. The resident committee
is represented by Jennis Law Firm.


WHICKER ASSET: Hires Molding Business as Broker
-----------------------------------------------
Whicker Asset Management, LLC, et al., seek authority from the U.S.
Bankruptcy Court for the Northern District of Texas to employ
Molding Business Services, Inc. as broker to the Debtor.

Whicker Asset requires Molding Business to:

   (a) meet and confer with the Debtors to collect data and draft
       a PowerPoint presentation;

   (b) assemble a list of qualified strategic and financial
       buyers;

   (c) create a classified advertisement to run in Plastics News;

   (d) commence solicitation process upon the Debtors' approval
       of buyer list; and

   (e) conference with interested parties and pre-qualify them
       for further review;

Molding Business will be paid a commission of 5% of the transaction
value upon closing of an asset or equity sale approved by the
bankruptcy Court.

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

Terry J. Minnick, shareholder and president of Molding Business
Services, Inc., assured the Court that the firm is a "disinterested
person" as the term is defined in Section 101(14) of the Bankruptcy
Code and does not represent any interest adverse to the Debtors and
their estates.

Molding Business can be reached at:

     Terry J. Minnick
     MOLDING BUSINESS SERVICES, INC.
     100 Main Street, Suite 3
     Florence, MA 01062
     Tel: (413) 584-2899
     Fax: (413) 584-5332

              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 Feb. 15, 2017.  The Hon.
Barbara J. Houser (17-30584) and Stacey G. Jernigan (17-30585)
preside over the cases. Melanie P. Goolsby, Esq., and Jason Patrick
Kathman, Esq., at Pronske Goolsby & Kathman, P.C., serve as
Debtors' bankruptcy counsel. In its petition, Whicker Asset
Management estimated $1 million to $10 million in both assets and
liabilities. The petition was signed by Richard C. Whicker,
president.


WILLIAMS 7 STREET: Case Summary & Unsecured Creditor
----------------------------------------------------
Debtor: Williams 7 Street, LLC
        Suite 440
        5335 Wisconsin Avenue, NW
        Washington, DC 20015

Case No.: 17-00154

About the Debtor: The Debtor's aggregate noncontingent liquidated
                  debts (excluding debts owed to insiders and
                  affiliates) are less than $2,566,050 (amount
                  subject to adjustment on 4/01/19 and every 3
                  years after that.

Chapter 11 Petition Date: March 16, 2017

Court: United States Bankruptcy Court
       District of Columbia (Washington, D.C.)

Judge: Hon. Martin S. Teel, Jr.

Debtor's Counsel: Jeffrey C. Tuckfelt, Esq.
                  JEFFREY C. TUCKFELT
                  1300 Pennsylvania Avenue, NW, Suite 700
                  Washington, DC 20005
                  Tel: (202) 347-3520
                  Fax: (202) 204-2578
                  E-mail: jtuckfelt@oandblaw.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Warren C. Williams, Jr., managing
member.

The Debtor listed Bonstra Haresign Architects as its unsecured
creditor holding an undisclosed amount of claim.

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

         http://bankrupt.com/misc/dcb17-00154.pdf


WORLD OF DISCOVERY: Intends to Use IRS Cash Collateral Until May 1
------------------------------------------------------------------
World of Discovery, Inc., asks the U.S. Bankruptcy Court for the
District of Vermont for approval of a stipulation with the United
States of America, on behalf of the Internal Revenue Service, that
authorizes the Debtor to use cash collateral until May 1, 2017.

The Debtor agrees to pay the IRS by May 1, 2017 all post-petition
tax obligations accrued as of February 23, 2017. The Debtor further
agrees that it will re-draft the plan of re-organization to provide
for full payment of the IRS' pre-petition claims in equal, or
approximately equal, monthly payments. Furthermore, the Debtor
agrees that it will not seek confirmation of any plan until after
May 1, 2017 after it demonstrates an ability to remain current with
post-petition tax obligations and to make timely adequate
protection payments to the IRS.

Among other things, the Parties stipulate and agree as follows:

     (a) The IRS is granted a continuing post-petition security
interest in all assets the Debtor owned at the time the Chapter 11
was filed, or acquired subsequent to the filing of the Chapter 11
case to the same extent and priority as the liens held at the
commencement of the case.

     (b) The IRS will be granted a rollover replacement lien on all
post-petition inventory, accounts, equipment (including vehicles),
cash, and cash equivalents, contracts rights, general intangibles
and all other post-petition personal property of the Debtor,
including proceeds and products thereof the other same extent and
priority as existed as of the date of filing.

     (c) The Debtor represents that as of the Petition Date, all of
its assets are subject to the federal tax liens, the value and
nature of such assets are set forth in the Debtor's Schedules.

     (d) The Parties agree that the the Debtor will be allowed to
pay normal post-petition expenses incurred in the ordinary course
of business.

     (e) The IRS, by and through its agents or representatives,
will have access to and the right to inspect the Debtor's assets
and properties.

     (f) The Debtor will permit the IRS to inspect, review and copy
any financial records of the Debtor.

     (g) Beginning on March 15, 2017, the Debtor will make a
minimum monthly  payments of $1,741 on the secured prepetition tax
debt.

     (h) The Debtor will timely file all post-petition tax returns
on or before the due date of the return with the appropriate IRS
office and submit a copy to Bankruptcy Specialist Gail Irving.

     (i) The Debtor will timely pay each federal tax deposit as it
accrues, when payroll is made and submit a proof of payment to
Bankruptcy Specialist.

     (j) The Debtor will maintain all insurance policies generally
required of entities engaged in the business of providing
childcare, including workers compensation, general liability, fire
and casualty.

A full-text copy of the Second Stipulated Motion, dated March 7,
2017, is available at http://tinyurl.com/zj42msz

The United States of America is represented by:

           Eugenia A. P. Cowles, Esq.
           Acting United States Attorney
           Melissa A.D. Ranaldo, Esq.
           Assistant U.S. Attorney
           P.O. Box 570
           Burlington, VT 05402-0570
           Telephone: (802) 951-6725
           Email: Melissa.Ranaldo@usdoj.gov


                           About World of Discovery  

World of Discovery sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. D. Vt. Case No. 16-11293) on June 30, 2016.
The petition was signed by Kim Dyer, president.  At the time of the
filing, the Debtor estimated assets and liabilities of less than $1
million.

The Debtor is represented by Rebecca Rice, Esq. at Cohen & Rice.

The Debtor was established in 2007 when Kim Dyer purchased a
building located at Rte 131 in Weathersfield, Vermont, after
running a successful registered inhome childcare in Cavendish VT
for four years.


WRAP MEDIA: Panel Hires Keller & Benvenutti as Counsel
------------------------------------------------------
The Official Committee of Unsecured Creditors of Wrap Media, LLC,
seeks authorization from the U.S. Bankruptcy Court for the Northern
District of California to retain Keller & Benvenutti LLP as counsel
to the Committee.

The Committee requires Keller to:

   a. provide legal advice to the Committee with respect to its
      duties and powers in the Chapter 11 case;

   b. consult with the Committee and the Debtor concerning
      administration of the Chapter 11 case;

   c. assist the Committee in its investigation of the acts,
      conduct, assets, liabilities, and financial condition of
      the Debtor, operation of the Debtor's businesses and the
      desirability of continuing or selling such business and
      assets, sales under 11 U.S.C. Section 363, the formulation
      of a Chapter 11 plan, and any other matter relevant to the
      Chapter 11 case;

   d. assist the Committee in evaluating claims against the
      estates, including analysis of and possible objections to
      the validity, priority, amount, subordination, or avoidance
      of claims and transfers of property in consideration of
      such claims;

   e. assist the Committee in participating in the formulation
      and confirmation of a Chapter 11 plan, including the
      Committee's communications with unsecured creditors
      concerning such plan;

   f. assist the Committee with any effort to request the
      appointment of a trustee or examiner;

   g. advise and represent the Committee in connection with
      matters generally arising in the Chapter 11 cases,
      including to obtain credit, the sale of assets, and the
      rejection or assumption of executor contracts and unexpired
      leases;

   h. appear before the bankruptcy Court, any other federal
      court, state court or appellate courts; and

   i. perform such other legal services as may be required and
      which are in the interests of unsecured creditors or
      otherwise directed by the Committee.

Keller will be paid at these hourly rates:

     Tobias S. Keller, Partner             $800
     Keith A. McDaniels, Of Counsel        $600
     Dara L. Silveira, Associate           $400

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

Keith A. McDaniels, of counsel of Keller & Benvenutti 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.

Keller can be reached at:

     Keith A. McDaniels, Esq.
     KELLER & BENVENUTTI LLP
     650 California Street, Suite 1900
     San Francisco, CA 94108
     Tel: (415) 484-6098
     Fax: (650) 636-9251

                    About Wrap Media, LLC

Wrap Media, LLC, and Wrap Media, Inc., sought protection under
Chapter 11 of the Bankruptcy Code (Bankr. N.D. Cal. Case Nos.
16-31325 and 16-31326) on Dec. 10, 2016. The petitions were signed
by Eric Greenberg, chief executive officer.

The cases are assigned to Judge Hannah L. Blumenstiel. The
Debtorshired St. James Law, P.C. as their legal counsel; and Beyer
Law Group, LLP, as special counsel.

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


WRAP MEDIA: Seeks to Hire Ocean Tomo as IP Broker
-------------------------------------------------
Wrap Media LLC and Wrap Media Inc. seek approval from the U.S.
Bankruptcy Court for the Northern District of California to hire a
broker.

The Debtors propose to hire Ocean Tomo Transactions, LLC in
connection with the sale of their patents and intellectual
property, and their business.

Ocean Tomo will receive an initial retainer of $20,000, and an
additional $20,000 per month for the next two months.

Upon the closing of a sale of the property or business, the firm
will receive a commission directly from the proceeds of sale.  The
minimum commission is $750,000 ($690,000, net of the retainer).

To the extent that it is greater than the minimum commission, Ocean
Tomo will instead receive a percentage commission based on the
gross sales price less certain approved expenses:

     Marginal     Portion of Brokered Price Less Any
     Fee Rate     Adjustments Pursuant to Section 14.6
     --------     ------------------------------------
       6.50%          US$0 - $15,000,000
       7.00%          US$15,000,001 - $20,000,000
       7.50%          US$20,000,001 - $25,000,000
       8.00%          US$25,000,001 - $30,000,000
       8.50%          US$30,000,001 - $35,000,000
       9.00%          US$35,00,001 and above

The firm is also entitled to a break-up fee of $300,000 if the
Debtors breach their agreement.

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

The firm can be reached through:

     James Trueman
     Ocean Tomo Transactions, LLC
     200 West Madison Street, 37th Floor
     Chicago, IL 60606
     Phone: +1 312.327.4400 / + 1 415.946.2590
     Email: jtrueman@oceantomo.com

                       About Wrap Media LLC

Wrap Media, LLC, and Wrap Media, Inc., sought protection under
Chapter 11 of the Bankruptcy Code (Bankr. N.D. Cal. Case Nos.
16-31325 and 16-31326) on Dec. 10, 2016.  The petitions were signed
by Eric Greenberg, chief executive officer.  

The cases are assigned to Judge Hannah L. Blumenstiel.  The Debtors
hired St. James Law, P.C. as their legal counsel; and Beyer Law
Group, LLP, as special counsel.  Kranz & Associates was hired for
outsourced operations.

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

On January 31, 2017, the U.S. trustee for Region 17 appointed an
official committee of unsecured creditors.


                            *********

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 ***