TCR_Public/170321.mbx          T R O U B L E D   C O M P A N Y   R E P O R T E R

              Tuesday, March 21, 2017, Vol. 21, No. 79

                            Headlines

16TH STREET REGENCY: DOJ Watchdog Seeks Trustee, Ch. 7 Conversion
5 STAR INVESTMENT: Selling South Bend Property for $40K
ABC DISPOSAL: Court Extends Solicitation Period Through April 21
ALBANY INVESTMENT: Disclosures OK'd; Plan Hearing on May 3
ALGOZINE MASONRY: 10% Recovery for Unsecured Creditors Under Plan

ALIXPARTNERS LLP: S&P Affirms 'B+' CCR; Outlook Stable
AP TELEGUAM: S&P Assigns 'B+' CCR; Outlook Stable
BELK INC: Bank Debt Trades at 15% Off
BIOPLAN USA: S&P Revises Outlook to Stable & Affirms 'B-' CCR
BIOSERV CORP: Unsecureds to Get Cash, Stock Under Latest Plan

BLACKSTONE CQP: S&P Assigns 'B' CCR; Outlook Stable
BLUE LIGHT CAPITAL: Court Denies Approval of Disclosure Statement
BOM DIA: DOJ Watchdog Seeks Trustee Appointment, Ch. 7 Conversion
BON-TON STORES: Fails to Comply with Nasdaq Listing Requirement
BON-TON STORES: Gabelli Funds et al. Hold 5.6% Stake as of March 14

C&D PRODUCE: Court Extends Plan Filing Through May 16
CALIFORNIA PROTON: U.S. Trustee Names Melanie Cyganowski as PCO
CCC INFORMATION: Moody's Assigns B3 Corporate Family Rating
CENTRAL IOWA: Emergency Dept. Remains PCO's Largest Concern
CHANNEL TECHNOLOGIES: Sets Bid Procedures for Property

CLOUD PEAK: S&P Revises Outlook to Stable & Affirms 'B-' CCR
CONCH HOUSE: Needs Authorization to Use VSD OR LLC Cash Collateral
CONCORDIA INTERNATIONAL: Reports Q4 Consolidated Revenue of $170.4M
COORDINATED CHILD CARE: Court Conditionally Okays Plan Disclosures
CORENO MARBLE: Disclosures OK'd; Plan Hearing on April 25

CROFCHICK INC: Unsecureds to Recoup 30% Under Plan
CROFCHICK REALTY: Unsecureds to Recoup 100% Over 5 Years
CRYOPORT INC: Incurs $10.4 Million Loss in 9 Months Ended Dec. 31
CS360 TOWERS: Ch. 11 Trustee Sought Despite Management Dispute
CTI BIOPHARMA: Louis A. Bianco Resigns as EVP Finance

DAVID AND VERDA: Can Use Greenwich Cash Collateral Until April 30
DAVID GEERTS: U.S. Trustee Forms 3-Member Committee
DAVID'S BRIDAL: Bank Debt Trades at 13% Off
DAVIS HOLDING: Lawrenceburg City Wants Plan Disclosures Denied
DBDFW2 LLC: Nationstar Blocks Approval of Plan Disclosures

DEPAUL INDUSTRIES: Plan Confirmation Hearing Set for April 26
DEPENDABLE AUTO: To Sell Assets to ADESA Under Liquidation Plan
DIOCESE OF DULUTH: Exclusive Plan Filing Period Thru June 7
DOMINION PAVING: Envirostruct Buying 2012 Etnyer Trailer for $48K
DORCH COMMUNITY: No Concerns Noted, PCO Report Says

DREW UNIVERSITY: Moody's Lowers Rating on Series 2003C Bonds to B2
ENZYME FORMULATIONS: Jerome Fisher to be Paid $100,000 Under Plan
ESPRESSO DREAM: Unsecureds to Get 8% Under Liquidating Plan
ESSEX CONSTRUCTION: DOJ Watchdog Directed to Appoint Ch. 11 Trustee
EUGENE BOYLE: Sale Grosse Pointe Shores Property for $975K Approved

EVANS & SUTHERLAND: Posts $1.7 Million Net Income as of Dec 31
EXACT PLUMBING: Plan Confirmation Hearing on April 12
EXCO RESOURCES: Issues $300 Million Senior Notes Due 2022
FOLTS HOME: HomeLife Can Use Cash Collateral Through March 31
FPMC AUSTIN: NRG's Bid for Substantial Contribution Award Denied

FREESEAS INC: LG Capital Holds 7.8% Equity Stake as of March 8
FUNCTION(X) INC: Director Owns 73.57% Stake as of March 13
GENERAL WIRELESS: U.S. Trustee Forms 7-Member Committee
GNC HOLDINGS: S&P Lowers CCR to 'BB-' on Operating Performance
GOING VENTURES: Has Interim Authority to Use Cash Collateral

GOLDEN BEARS: Wants Plan Filing Extended Through May 16
GROW CONDOS: Closes Acquisition of Lake Selmac Resort & RV Park
GULFMARK OFFSHORE: Decides Not to Pay $13.7-Mil. Notes Interest
HAIMARK LINE: Unsecureds to Recover 40% Under Plan
HANCOCK FABRICS: Unsecureds to Recoup Up to 2.1% Under Plan

HAUBERT HOMES: Asks Court to Approve Disclosure Statement
HEBREW HEALTH: Seeks Exclusivity Extension for One Week
INTERNATIONAL AUTO: Voluntary Chapter 11 Case Summary
IRASEL SAND: Needs Authority to Use FNBC Bank Cash Collateral
J&C OILFIELD: April 19 Plan Confirmation Hearing

J. CREW: Bank Debt Trades at 43% Off
JBL PROPERTIES: DOJ Watchdog Seeks Ch. 11 Trustee, Ch. 7 Conversion
JOHN RICHARD COBLE: Lender Seeks Appointment of Ch. 11 Trustee
JOSEPH DETWEILER: Court Rules on Sequatchie Pointe Purchasers' Suit
KINGS MOUNTAIN: Grant of Summary Judgment to Ozarks Affirmed

KIRK'S FRAMING: Plan Confirmation Hearing on April 17
KSM INTERNATIONAL: Unsecureds to Recoup 2.5% Under Plan
LEO MOTORS: Enters Into Purchase Agreement with Leo Members Inc
LIBERAL COMMONS: Unsecureds to Recover 100% Under Plan
LIFELINE SLEEP: Exclusivity Extended by 5 Months as Talks Continue

LIVE OAK: Allowed to Continue Using Cash Collateral Through May 31
MASONITE INTERNATIONAL: S&P Revises Outlook & Affirms 'BB' CCR
MAX EXPRESS: May 23 Plan Confirmation Hearing Set
MAXUS ENERGY: Wants Plan Solicitation Period Extended to May 31
MELINDA CORTEZ: Selling San Francisco Property for $1.5 Million

METCOM NETWORK: Court Extends Plan Filing Through March 23
MIDWEST ASPHALT: US Trustee Adds LSREF2 Cobalt to Committee
MOSAIC MANAGEMENT: Court Grants Plan Exclusivity Through March 31
MUSCLEPHARM CORP: Lowers Net Loss to $3.47 Million in 2016
NAVIDEA BIOPHARMACEUTICALS: Cardinal Health Owns 5.8% Equity Stake

NAVIDEA BIOPHARMACEUTICALS: Thomas Klima Resigns as EVP & CCO
NEIMAN MARCUS: Bank Debt Trades at 22% Off
NEONODE INC: Incurs $5.29 Million Net Loss in 2016
NEONODE INC: Proposes to Offer $20 Million Common Shares
NEW STREAMWOOD: Court Approves 5th Amended Disclosure Statement

NN INC: Moody's Assigns B2 Rating to New $30MM Loan Add-on
NORTH LAS VEGAS: S&P Raises Ratings on GO Debt to 'BB+'
NUTRITION RUSH: Sale of Equipment to EOS for $22K Approved
PARETEUM CORP: Closes Public Offering of $3.5-Mil. Common Shares
PARETEUM CORP: Gets Notices to Convert $720,000 Preferred Shares

PETCO ANIMAL: Bank Debt Trades at 4% Off
PICO HOLDINGS: Bloggers Comment On PICO's Proxy Statement
PINNACLE OPERATING: S&P Raises CCR to 'CCC+' on Debt Exchange
PRECISION WELDING: Asks Court to Approve Disclosure Statement
RELIABLE RACING: Secured Claims Won't Get Distribution Under Plan

RICEBRAN TECHNOLOGIES: Appoints Brent Rystrom as CFO
RITA RESTAURANT: Disclosures OK’d; Plan Outline Hearing on April
12
ROBERT E. THOMPSON: Plan Confirmation Hearing Set for May 2
ROBERT GALVAN: U.S. Bank Not Bound By Plan, Court Says
SAN BERNARDINO, CA: Court Approves Plan Injunction

SANDY CREEK: S&P Lowers Project Finance Rating to 'B-'
SECURED ASSETS: March 23 Disclosure Statement Hearing
SIGNAL BAY: Amends Series B and C Preferred Stock Designations
SINDESMOS HELLINIKES: Plan Filing Deadline Moved to April 7
SNOHOMISH PUBLIC HOSPITAL: Fitch Affirms B on 2004 LTGO Bonds

SOTERA WIRELESS: Amended Plan Ups Class 2 Claim Amount to $15.5MM
SPECTRUM BRANDS: S&P Assigns BB+ Rating on $700MM Revolver Facility
STEMTECH INTERNATIONAL: Allowed an Interim Use of Cash Collateral
STONERIDGE PARKWAY: Melanie Hill Tries to Block Disclosures OK
SUNGARD AVAILABILITY: Bank Debt Trades at 4% Off

SYDELL INC: Seeks Permission to Continue Using Cash Until Aug. 1
T3M INC: Effects Name Change from T3 Motion Inc to T3M Inc
TATOES LLC: Can Continue Using RAF Cash Collateral Until April 30
TENKORIS LLC: Plan Confirmation Hearing on April 19
THOMAS J. GOLDSTEIN: March 27 Plan Confirmation Hearing

TRIANGLE USA: Wants Plan Filing Extended Through April 30
TSALECH HOLDINGS: Has Final OK to Use Trident Cash Collateral
TURNING LEAF: Must File Plan, Disclosure Statement on June 6
UNIFRAX I: Moody's Raises CFR to B2 on Improved Metrics
UNIQUE VENTURES: Seeks Approval of M.C. Gibbons as Ch. 11 Trustee

VANITY SHOP: Cavalini, Anfield Appointed to Committee
VELOCITY POOLING: Moody's Lowers CFR to Caa2 on Weak Performance
VERMILLION INC: Amends Testing and Services Agreement With Quest
VFH PARENT: Moody's Affirms Ba3 Ratings & Alters Outlook to Stable
WABASH NATIONAL: Moody's Affirms Ba3 Corporate Family Rating

WALTER INVESTMENT: Bank Debt Trades at 6% Off
WESTERN ENERGY: Moody's Views Savanna Acquisition as Credit Neg.
YORK RISK: Bank Debt Trades at 3% Off

                            *********

16TH STREET REGENCY: DOJ Watchdog Seeks Trustee, Ch. 7 Conversion
-----------------------------------------------------------------
William K. Harrington, the United States Trustee for Region 2, asks
the U.S. Bankruptcy Court for the Eastern District of New York to
enter an order directing the appointment of a Chapter 11 Trustee
for 16th Street Regency LLC, or, converting the Chapter 11
bankruptcy case to one under Chapter 7.

Based on the Memorandum of Law in support of the U.S. Trustee's
Motion, there is a cause that exists for the appointment of a
Chapter 11 Trustee under 11 U.S.C. Sec. 1104(a)(1) because the
Debtor has failed to file monthly operating reports, pay
post-petition taxes and pay quarterly fees to the United States
Trustee.

Moreover, the Memorandum provides that the appointment is also in
the best interests of the creditors and the estate under 1104(a)(2)
because the Debtor has failed to close multiple court-approved sale
transactions and failed to seek confirmation of a Chapter 11 plan.
As an alternative, conversion of the case is warranted under
Sections 1112(b)(4)(F), (I) and (K) due to the Debtor's failure to
file monthly operating reports, pay post-petition taxes and pay
quarterly fees to the United States Trustee.

             About 16th Street Regency

16th Street Regency LLC filed a Chapter 11 petition (Bankr. E.D.
N.Y. Case No.: 14-46104) on December 3, 2014, and is represented by
David Carlebach, Esq., in New York, New York.

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

The petition was signed by Isaac Mutzen, managing member.

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


5 STAR INVESTMENT: Selling South Bend Property for $40K
-------------------------------------------------------
Douglas R. Adelsperger, the Chapter 11 trustee of 5 Star Investment
Group, LLC and affiliates, asks the U.S. Bankruptcy Court for the
Northern District of Indiana to authorize the private sale of real
estate located in St. Joseph County (Indiana), commonly known as
1633 Altgeld Street, South Bend, Indiana, to Lee Anthony Clark and
Jacquelyn Leolani Clemans for $40,000.

On March 23, 2016, the Court entered its Order Granting Motion for
Joint Administration, consolidating the Bankruptcy Cases for
purposes of administration only.

Prior to the Petition Date, the Debtor, 5 Star Investment Group V,
LLC, was the sole owner of the property.

The Real Estate is subject to a tax lien for delinquent real estate
taxes that have accrued for 2014 and 2015, real estate taxes that
have accrued for 2016 and real estate taxes that will accrue for
2017.

The property is also subject to a first priority mortgage in favor
of Laverne and Donna Mast dated Feb. 21, 2012.  The Mast Mortgage
was recorded on Feb. 23, 2012 in the Office of the Recorder of St.
Joseph County (Indiana), as Instrument No. 1205041.

On June 24, 2016, the Court entered Consolidated Bankruptcy Estate,
substantively consolidating the Debtors' bankruptcy cases for all
postpetition matters and purposes, effective as of the Petition
Date, and deeming that all assets and liabilities of the bankruptcy
cases to be consolidated into 1 bankruptcy estate, to be
administered in accordance with the Bankruptcy Code under the
jurisdiction of the Court.

On July 21, 2016, the Court entered Order Granting Application to
Employ Tiffany Group Real Estate Advisors, LLC as the Bankruptcy
Estates' Broker, authorizing the employment of Tiffany Group Real
Estate Advisors, LLC as real estate brokers with respect to the
sale of real estate in these bankruptcy cases.  Pursuant to the
agreement between the Trustee and Tiffany Group approved by the
Court, Tiffany Group is entitled to receive a commission of 5% of
the total purchase price for all sales that were obtained solely
through the efforts of the Tiffany Group.

Prior to the Petition Date, on Nov. 5, 2015, the U.S. Securities
Exchange Commission filed a complaint against the Debtors' sole
owner, Earl D. Miller, 5 Star Capital Fund, LLC and 5 Star
Commercial, LLC, in the U.S. District Court for the Northern
District of Indiana, Hammond Division.  In its complaint, the SEC
alleged that Miller, 5 Star Capital Fund and 5 Star Commercial
defrauded at least 70 investors from whom they raised funds of at
least $3,900,000.

Additionally, on Nov. 5, 2015, the SEC obtained an ex parte
Temporary Restraining Order, asset freeze and other emergency
relief in the SEC Action.

Although the Trustee is still in the process of liquidating the
assets of the Consolidated Bankruptcy Estate, it appears that the
assets will fall short of paying the plethora of claimants.  In
order to ensure the fair and equitable treatment of all
investors/creditors in these bankruptcy cases, the Trustee proposes
to sell all real estate free and clear of investor mortgages, with
the liens to attach to the proceeds until further order of the
Court.

On March 8, 2017, pursuant to the sole efforts of the Tiffany
Group, the Trustee entered into the Purchase Agreement for the sale
of the property to the Purchasers for the total purchase price of
$40,000.

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

         http://bankrupt.com/misc/5_Star_652_Sales.pdf

Pursuant to the Purchase Agreement, the Purchasers have represented
and warranted to the Trustee that: (a) the Purchasers are not an
insider of one or more of the Debtors; (b) the proposed sale
represents an arms-length transaction between the parties, made
without fraud or collusion with any other person (including any
other prospective purchaser for the Real Estate); and (c) there has
been no attempt to take any unfair advantage of the Trustee.
Accordingly, the Purchasers will be deemed to be purchasing the
Real Estate in good faith pursuant to section 363(m) of the
Bankruptcy Code.

In addition, the Purchase Agreement provides for the sale of the
property, free and clear of all liens, encumbrances, claims and
interests; provided however, the property is to be sold subject to
all easements, covenants, restrictions, declarations or agreements
of record, in addition to those matters that would be disclosed
upon a visual inspection of the property.

The Purchase Agreement also provides that any portion of the Tax
Lien that represents delinquent real estate taxes, including real
estate taxes that have accrued for 2014 through 2016, will be paid
in full at closing.  In addition, the Purchase Agreement provides
that any portion of the Tax Lien that represents real estate taxes
for 2017 will be prorated as of the date immediately prior to the
date of closing.  Moreover, the Purchase Agreement provides that
any other special assessment liens, utilities, water and sewer
charges and any other charges customarily prorated in similar
transactions will be prorated as of the date immediately prior to
the date of closing.

The Trustee submits that the proposed sale pursuant to the Purchase
Agreement will accomplish a "sound business purpose" and will
result in the maximized value for the property.  The trustee
believes, based on the advice of the Tiffany Group, that the
purchase price of $40,000 reflects the fair market value of the
property, and it therefore maximizes recovery.

Accordingly, the Trustee asks the Court to approve the (i) proposed
sale of property ; (ii)  disbursement from the sale proceeds, first
to pay the costs and expenses of the sale, including the commission
owed to Tiffany Group (approximately $2,000), second to pay all
real estate taxes and assessments outstanding and unpaid at the
time of the sale, including the Tax Lien, and third to pay the
prorated portions for any other special assessment liens,
utilities, water and sewer charges and any other charges
customarily prorated in similar transactions; (iii) Trustee's
retention of the excess proceeds from the sale until further order
of the Court.

The Trustee asks the Court to waive the requirements of Bankruptcy
Rule 6004(h).

                About 5 Star Investment Group

5 Star Investment Group, LLC, and its 10 affiliates sought
protection under Chapter 11 of the Bankruptcy Code (Bankr. N.D.
Ind. Lead Case No. 16-30078) on Jan. 25, 2016.  5 Star estimated
its assets at up to $50,000 and its liabilities between $1 million
and $10 million.  The Debtor's counsel is Katherine C. O'Malley,
Esq., at Cozen O'Connor, in Chicago, Illinois.

The cases are assigned to Judge Harry C. Dees, Jr.

On Feb. 29, 2016, Douglas R. Adelsperger was appointed as Chapter
11 trustee in each of the bankruptcy cases.

On March 23, 2016, the Court entered an order consolidating the
bankruptcy cases for purposes of administration only.


ABC DISPOSAL: Court Extends Solicitation Period Through April 21
----------------------------------------------------------------
Judge Joan N. Feeney granted ABC Disposal Services, Inc., et al.'s
request to extend the Debtors' exclusive right to solicit
acceptances of their plan of reorganization through and including
April 21, 2017.

As previously reported by The Troubled Company Reporter, the
Debtors, after negotiating an exit financing facility with
Webster Bank, N.A. and other lenders, filed a Chapter 11 plan of
reorganization and disclosure statement. The Debtors continued
discussions and negotiations with certain of their creditor
constituencies after December 30, 2016, to obtain an agreement
regarding treatment of their claims under the Plan and to address
their issues with respect to the Disclosure Statement, and have
also conferred with the Office of the U.S. Trustee.

After engaging in further discussions with their creditor
constituencies and the U.S. Trustee, the Debtors made certain
amendments and revisions to the Plan documents and filed amended
versions of the Disclosure Statement and the Plan.  

Based on the Revisions, the Debtors believe that they can obtain
acceptance of the Plan from their principal creditor
constituencies, the holders of the Class 2 and Class 3 Claims,
Webster Bank, N.A. for itself and as agent for certain other
lenders, the holder of the Class 4 Claim,  BMO Harris Bank, N.A.,
and the holders of the Class 8 and Class 9 Claims, the General
Unsecured Creditors

                   About ABC Disposal Service

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

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

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

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

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

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

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

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

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


ALBANY INVESTMENT: Disclosures OK'd; Plan Hearing on May 3
----------------------------------------------------------
The Hon. Sheri Bluebond of the U.S. Bankruptcy Court for the
Central District of California has approved the second amended
disclosure statement filed by Albany Investment Properties, LLC, on
March 1, 2017, describing the Debtor's second amended Chapter 11
plan filed on March 1, 2017.

A hearing to consider the confirmation of the Plan will be held on
May 3, 2017, at 2:00 p.m.

Objections to the plan confirmation must be filed by April 13,
2017.  The deadline for the Debtor to file reply briefs to
objections to confirmation of the Plan, if any, a ballot summary, a
confirmation brief, and supporting declarations is April 26, 2017.

The Debtor will cause to be served via First Class Mail a copy of
the Disclosure Statement, Plan and a ballot to all creditors,
interest holders, the Office of the U.S. Trustee and all interested
parties by no later than March 13, 2017.

The deadline for the submission of ballots accepting or rejecting
the Plan is April 13, 2017, at 5:00 p.m. Pacific Standard Time.

Headquartered in Los Angeles, California, Albany Investment
Properties, LLC, filed for Chapter 11 bankruptcy protection (Bankr.
C.D. Cal. Case No. 14-26237) on Aug. 22, 2014, listing $1 million
to $10 million in estimated assets and $1 million to $10 million in
estimated in liabilities.  The petition was signed by Farzad Nedjat
Haiem, manager.


ALGOZINE MASONRY: 10% Recovery for Unsecured Creditors Under Plan
-----------------------------------------------------------------
Algozine Masonry Restoration, Inc., filed with the U.S. Bankruptcy
Court for the Northern District of Indiana a disclosure statement
in support of its plan of reorganization, dated March 10, 2017,
which proposes to pay general unsecured creditors 10% of their
allowed claims.

Class 27 under the plan is the Unsecured Tax Claims of the Internal
Revenue Service. The IRS filed a proof of claim stating an
unsecured balance of $81,389.64. On the Initial Distribution Date,
the IRS shall receive, in full satisfaction, settlement and release
and discharge of its unsecured Claims a pro-rata share of Unsecured
Dividend. The Class is impaired and is entitled to vote.

Class 29 consists of the General Unsecured Claims. This Class
claims are being paid per the Unsecured Dividend option. Unsecured
Dividend beginning on July 31, 2017, and on each subsequent January
31 and July 31 ending on January 31, 2022, a total of 10% of the
allowed amount of their claims, in equal semiannual installments,
for a total of 10 payments. The Class is Unimpaired and is not
entitled to vote.

The Plan also provides for the following:

   (a) Administrative Claims will be paid from the Debtor's future
operations;

   (b) secured Classes will be paid from future earnings;

   (c) priority Classes will be paid from the funds on hand on the
Effective Date; and

   (d) unsecured Classes from the Debtor's future operations.

In addition, the New Value Contribution may be used to fund Plan
payments.

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

        http://bankrupt.com/misc/innb16-23208-66.pdf

              About Algozine Masonry Restoration

Algozine Masonry Restoration, Inc., filed a chapter 11 petition
(Bankr. N.D. Ind. Case No. 16-23208) on Nov. 10, 2016.  The
petition was signed by David A. Algozine, vice president.  The
Debtor is represented by Allan O. Fridman, Esq., at the Law Office
of O. Allan Fridman.  The Debtor disclosed total assets at
$217,951
and total liabilities at $3.11 million.


ALIXPARTNERS LLP: S&P Affirms 'B+' CCR; Outlook Stable
------------------------------------------------------
S&P Global Ratings said that it affirmed its ratings, including the
'B+' corporate credit rating, on Southfield, Mich.-based
AlixPartners LLP.  The rating outlook is stable.

AlixPartners LLP plans to issue an approximately $1.45 billion
senior secured first-lien credit facility, and it plans to use the
proceeds to refinance its existing debt and for a $285 million
special dividend.  The proposed transaction will raise the
company's pro forma debt leverage to about 5.9x from 4.7x as of
Dec. 31, 2016.

At the same time, S&P assigned its 'B+' issue-level rating and '3'
recovery rating to the company's proposed senior secured first-lien
credit facility, which consists of a $1.37 billion term loan due
2024 and a $75 million revolving credit facility due 2022.  The '3'
recovery rating reflects S&P's expectation for meaningful (50%-70%;
rounded estimate: 50%) recovery of principal for debtholders in the
event of a payment default.

The 'B+' corporate credit rating incorporates S&P's expectation for
mid- to high-single-digit percentage revenue and EBITDA growth over
the next two years, increased free operating cash flow (FOCF), high
debt leverage, and an aggressive financial policy. "We expect that
the company's pro forma debt leverage will decline to about 5.5x by
the year end 2017 from 5.9x as of Dec. 31, 2016, primarily due to
EBITDA growth," said S&P Global Ratings' credit analyst Elton
Cerda.  "Nevertheless, the company's debt leverage will likely
remain elevated in the mid-5x area longer term because of its
aggressive financial policy and use of debt-financed special
dividends for shareholder returns."

The stable outlook reflects S&P's expectation that AlixPartners
will continue to experience mid- to high-single-digit percentage
revenue and EBITDA growth, which will enable it to reduce its debt
leverage to the mid-5x area over the next 12 months.

S&P could lower the corporate credit rating one notch to 'B' if the
demand for restructuring services declines and AlixPartners is
unable to expand its other practices to offset the decline,
resulting in debt leverage exceeding 6.5x or FOCF to debt declining
to below 5%.  This could occur if revenue declines by 10% and the
company is unable to adjust its cost structure sufficiently.

S&P is unlikely to raise the rating over the next two to three
years, primarily due to the company's aggressive financial policy
and history of debt-funded dividends.  An upgrade would entail
AlixPartners adopting a more conservative financial policy and
lowering its leverage to the low-4x area on a consistent basis.


AP TELEGUAM: S&P Assigns 'B+' CCR; Outlook Stable
-------------------------------------------------
S&P Global said that it assigned its 'B+' corporate credit rating
to Guam-based telecommunications provider AP TeleGuam Holdings Inc.
The outlook is stable.

Guam-based quadruple-play telecommunications provider TeleGuam
Holdings LLC (a wholly owned subsidiary of AP TeleGuam Holdings
Inc.) is being acquired by Huntsman Family Investments and its
affiliates for an undisclosed amount.

At the same time, S&P assigned its 'BB-' issue-level rating and '2'
recovery rating to the company's proposed senior secured first lien
credit facilities, which consist of a $15 million revolving credit
facility due 2022 (undrawn) and $130 million first lien term loan
due 2023.  The '2' recovery rating indicates S&P's expectation for
substantial (70%-90%; rounded estimate: 70%) recovery of principal
and interest for first-lien lenders in the event of payment
default.

S&P also assigned its 'B-' issue-level rating and '6' recovery
rating to the company's proposed senior secured second lien term
loan due 2024.  The '6' recovery rating indicates S&P's expectation
for negligible (0%-10%; rounded estimate: 0%) recovery of principal
and interest for second-lien lenders in the event of payment
default.

TeleGuam will use the $155 million of net proceeds, along with
equity invested from the acquirer (Forager Holdings Corp.) to fund
the purchase price of the acquisition and pay associated
transaction fees.  The borrower of the debt is TeleGuam Holdings
LLC, a wholly owned subsidiary of AP TeleGuam Holdings Inc.

The rating on TeleGuam primarily reflects its relatively small
scale and geographic limitations as a leading provider of
telecommunications services on the island of Guam, and S&P's
expectation that pro forma for the proposed transaction, adjusted
leverage will be in the mid-4x area in 2017.  Given that TeleGuam's
new controlling owners are committed to reducing leverage, S&P
believes FOCF could be applied to debt reduction over the
longer-term.  However, S&P do not incorporate this into its current
forecast due to TeleGuam's weaker business profile.

TeleGuam's small size and geographic concentration is partly offset
by its strong market position and solid product diversity as a
provider of "quad play" service, including wireless, broadband, and
video.  Over the past few years, revenues from wireless operations
have surpassed revenues from wireline operations as a result of
substitution and network upgrades that have contributed to
subscriber growth.  S&P believes TeleGuam has good prospects to
continue growing revenue in its wireless segment given these
network improvements as well as the ongoing buildup of military
personnel in Guam.  As of year-end 2016, about 38% of TeleGuam's
revenue came from wireless operations.  The remaining services,
including wireline-voice, broadband, and video, accounted for
approximately, 29%, 25% and 10% of the company's 2016 revenues,
respectively.

TeleGuam's ability to bundle a diverse product set bolsters
customer retention, since customers that take multiple services are
generally less likely to churn.  Still, TeleGuam faces aggressive
competition across all of its business lines from NTT DoComo, which
also offers Quad Play services and is the dominant provider in the
market.  Although TeleGuam is the incumbent fixed-voice service
provider and wireline continues to represent a sizeable portion of
its revenues, the contribution from wireline has declined over the
past few years due to the secular industry decline for core
residential wireline services as well as lost market share to NTT
DoComo.  S&P views NTT DoComo, which is substantially better
capitalized, as a long-term competitive threat to TeleGuam's market
positions, including its estimated 85% share of the enterprise
market.

S&P's base case scenario assumes:

   -- Revenue increases in the low-single-digit percent area in
      2017 and 2018, driven by growth in broadband and wireless
      revenues, partially offset by voice access line losses.

   -- The EBITDA margin remains in the 35% area over the next
      couple years as margin expansion in broadband and wireless
      segments offset lower contribution from higher margin voice
      services.

   -- Increased capital expenditure of about 18% of total revenue
      in each of the next two years, representing continued LTE
      network expansion and VDSL2 technology deployment.

Based on these assumptions, S&P arrives at these credit measures:

   -- Debt to EBITDA of about 4.7x in 2017 and 4.6x in 2018; and

   -- FOCF to debt of about 8%-10% in 2017 and 2018.

The stable outlook is based on S&P's expectation for only modest
competitive pressures in Guam, enabling growth in broadband and
wireless revenues that largely offset declining revenues in fixed
voice.  S&P expects these factors to lead to low-single-digit
percent revenue growth over the next 12 months and an EBITDA margin
in the 35% area, such that pro forma adjusted leverage will remain
in the 4.5x-5x range over the next 12 months.

S&P could lower the rating if increased competition, reduced
tourism or military activity results in price compression and
higher churn, leading to lower EBITDA and free operating cash flow
(FOCF).  S&P could also consider lowering the rating if TeleGuam
adopted a more aggressive financial policy, incurring debt to fund
shareholder distributions, such that adjusted debt leverage
increased to above 5x on a sustained basis.

S&P could raise the rating in the longer-term if the company
follows through on its commitment to apply excess FOCF to debt
repayment, such that adjusted debt leverage was sustained below 4x.
However, even under that scenario, an upgrade is contingent on
expected stability in the competitive environment and TeleGuam's
owners maintaining a financial policy that allows for leverage to
be sustained comfortably below 4x.



BELK INC: Bank Debt Trades at 15% Off
-------------------------------------
Participations in a syndicated loan under BELK, Inc  is a borrower
traded in the secondary market at 85.29 cents-on-the-dollar during
the week ended Friday, March 10, 2017, according to data compiled
by LSTA/Thomson Reuters MTM Pricing.  This represents an increase
of 0.29  percentage points from the previous week.  BELK, Inc. pays
450 basis points above LIBOR to borrow under the $1.5 billion
facility. The bank loan matures on Nov. 19, 2022 and carries
Moody's B2 rating and Standard & Poor's /B rating.  The loan is one
of the biggest gainers and losers among 247 widely quoted
syndicated loans with five or more bids in secondary trading for
the week ended March 10.


BIOPLAN USA: S&P Revises Outlook to Stable & Affirms 'B-' CCR
-------------------------------------------------------------
S&P Global Ratings said that it revised its rating outlook on
U.S.-based global sampling provider Bioplan USA Inc. to stable from
negative and affirmed its 'B-' corporate credit rating on the
company.

At the same time, S&P affirmed its 'B' issue-level rating on the
company's first-lien debt.  The '2' recovery rating remains
unchanged, indicating S&P's expectation for substantial recovery
(70%-90%; rounded estimate: 70%) of principal in the event of a
payment default.

S&P also affirmed its 'CCC+' issue-level rating on the company's
second-lien term loan.  The '5' recovery rating remains unchanged,
indicating S&P's expectation for modest recovery (10%-30%; rounded
estimate: 15%) of principal in the event of a payment default.

"The outlook revision reflects Bioplan's improved operating
performance and cash flows," said S&P Global Ratings' credit
analyst Dylan Singh.  "We now expect free operating cash flow of
about $15 million over the next 12 months."  The improved operating
performance largely results from the company's improved
productivity and its more favorable product mix of higher-margin
segments contributing to stronger EBITDA margins.  S&P expects
adjusted EBITDA margins to improve by about 300 basis points in
2016.  Nevertheless, revenue growth continues to be challenged by a
confluence of factors, including negative foreign exchange effects,
decreased sales volumes with key clients, and pricing pressure from
competitors.

The stable outlook reflects S&P's expectation that Bioplan will
continue to generate free operating cash flows of about
$15 million over the next 12 months while maintaining adequate
liquidity, including covenant compliance of at least 15%.  S&P's
stable outlook also reflects its expectation for continued
improvement in leverage that would allow FOCF to improve further.

S&P could also lower the credit rating if Bioplan fails to continue
improving its free operating cash flow, which may change S&P's view
of the sustainability of its capital structure.  This would likely
result from volume and pricing pressure from key customers coupled
with continued foreign exchange headwinds.

S&P could revise the rating one notch higher if the company is able
to exhibit sustained organic growth while maintaining its EBITDA
margins, and generate free operating cash flow to debt of at least
10%.  S&P could also raise the rating if the company is able to
keep leverage below 5x on a sustained basis.  Given its financial
sponsor ownership, any upgrade scenario would require the company
making a firm commitment to a less aggressive financial policy.



BIOSERV CORP: Unsecureds to Get Cash, Stock Under Latest Plan
-------------------------------------------------------------
Bioserv Corporation, now known as GXP CDMO, Inc., filed with the
U.S. Bankruptcy Court for the Southern District of California a
fourth amended disclosure statement for their chapter 11 plan of
reorganization.

This latest restructuring plan classifies classes 1, 2, and 3 as
unimpaired and are not entitled to vote. Classes 5 and 6 are
impaired, but because they are exclusively insider classes, their
votes are not counted for Plan confirmation purposes.

The previous plan classified classes 1, 2, 3, 4, and 5 as
unimpaired; and classes 6 and 7 as impaired.

This new plan provides for distributing a combination of cash and
Common Stock to creditors in full exchange for their Allowed
Claims. The Plan provides for paying all non-insider claimants and
creditors 100% of the principal amount of their Allowed Claims, in
Cash, on the Effective Date, which is five business days after the
Plan Confirmation Date.

The Plan further provides that Class 4 Claimants shall receive
common stock in consideration for unpaid interest. No later than
six months after the Effective Date, the Reorganized Debtor shall
issue common stock equal to 5% of Reorganized Debtor’s
outstanding shares pro forma for all share issuance on the
Effective Date to Class 4 Claimants, or general, unsecured
claimants, in Pro Rata. In the event the Reorganized Debtor
recovers $5 million or more in Prospective Litigation Proceeds, it
shall again issue, to Class 4 Claimants in Pro Rata, additional
common stock equal to 5% of the Effective Date Shares. The Plan’s
distribution of Effective Date Shares to Class 4 Claimants is in
consideration for unpaid interest, and, together with the Cash,
provides for full settlement of Class 4 Allowed Claims.

The Plan provides for insider claimants and creditors to receive
30% of their Allowed Claims, in cash and as soon as possible after
Plan Confirmation, but not earlier than 10 days after Effective
Date, if the cash balance remaining in the Cash Reserves is greater
than $500,000. If there is insufficient cash in the Cash Reserves,
insider claimants and creditors shall be issued notes in lieu of
cash.

No later than six months after the Effective Date, the Reorganized
Debtor shall issue common stock equal to 39% of the Effective Date
Shares to Class 5 Claimants, or administrative and pre-petition
insider claimants, in Pro Rata. As a result, shares held by Class 6
Claimants shall be reduced from 100% to 56% of the Effective Date
Shares.

The previous version of the plan stated that it will pay all
undisputed non-insider claimants and creditors 100% of their
Allowed Claims, in cash, on the Effective Date. The Effective Date
of the Plan is five business days after the Plan Confirmation Date.
Disputed non-insider claimants and creditors will receive 100% of
their Allowed Claims, in Cash, on the Effective Date or on the date
specified by the Court in a Final Order, whichever comes later. All
unsecured, non-insider, prepetition creditors will also receive
Interest on their Allowed Claims, calculated at the Federal Funds
Rate on the Petition Date, which has accrued between the Petition
Date and the Effective Date. Interest will be paid, in cash, on the
Effective Date, or, for Disputed Claims, on the Effective Date or
on the date specified by the Court in a Final Order, whichever is
later.

This new Plan provides for Class 4 Claimants to receive a
combination of cash and stock in full settlement of their Allowed
Claims. The stock is being issued in consideration for unpaid
interest on Allowed Class 4 Claims. As such, the Debtor believes
that by confirming the Plan, the Court has both the jurisdiction
and the authority to exempt Class 4 securities from registration
with the Securities and Exchange Commission and state regulatory
bodies under Section 1145 of the Bankruptcy Code.

A blacklined version of the Fourth Amended Disclosure Statement is
available at:

         http://bankrupt.com/misc/casb14-08651-11-538-1.pdf

                     About Bioserv Corp.

Headquartered in San Diego, California, Bioserv Corporation filed
for Chapter 11 bankruptcy protection (Bankr. S.D. Calif. Case No.
14-08651) on Oct. 31, 2014, estimating its assets at between
$500,000 and $1 million and its liabilities at between$1 million
and $10 million.  The petition was signed by Albert Hansen, CEO.

Judge Margaret M. Mann presides over the case.

Benjamin Carson, Esq., at Benjamin Carson Law Office serves as the
Debtor's bankruptcy counsel.

On Nov. 3, 2017, the Office of the U.S. Trustee appointed an
official committee of unsecured creditors.


BLACKSTONE CQP: S&P Assigns 'B' CCR; Outlook Stable
---------------------------------------------------
S&P Global Ratings said it assigned its 'B' corporate credit rating
to Blackstone CQP Holdco L.P.  The outlook is stable.  At the same
time, S&P assigned its 'B' issue-level rating and '3' recovery
rating to the company's $1.85 billion senior secured notes due
2021.  The '3' recovery rating indicates S&P's expectation for
meaningful (50%-70%; rounded estimate: 65%) recovery in the event
of a payment default.

The 'B' corporate credit rating on Blackstone CQP Holdco L.P.
reflects a three-notch negative ratings differential relative to
the corporate credit rating on Cheniere Energy Partners L.P.
(partnership), of which Blackstone CQP Holdco L.P. owns a limited
partnership interest.  The notching differential reflects BXCQP's
structural subordination relative to the partnership's underlying
cash flows and S&P's assessment of BXCQP's cash flow stability,
Blackstone's level of influence on the partnership's corporate
governance and financial policy, BXCQP's financial ratios, and
BXCQP's ability to liquidate its investment in the partnership to
repay debt.  S&P would assess such factors as positive, neutral, or
negative.

"The stable rating outlook on BXCQP reflects our expectation of
steady distributions and our view of modest distribution growth. We
forecast adequate liquidity and expect stand-alone leverage to
exceed 4x through 2018," said S&P Global Ratings credit analyst
Mike Llanos.

S&P could lower the ratings if BXCQP faces liquidity challenges
resulting from lower-than-expected distributions.  This could occur
if Sabine Pass experiences significant operational challenges such
that cash flows to the partnership are lower than expected.

S&P could consider higher ratings over time if distributions grow
at a quicker pace than expected and excess cash flow is used to
reduce debt, resulting in adjusted leverage being sustained below
3x.  S&P could also consider higher ratings if it raises the
partnerships rating.



BLUE LIGHT CAPITAL: Court Denies Approval of Disclosure Statement
-----------------------------------------------------------------
Judge Mark S. Wallace of the U.S. Bankruptcy Court for the Central
District of California disapproved, without prejudice, the
disclosure statement explaining Blue Light Capital Corp.'s plan of
reorganization because plan feasibility, which depends upon a sale
of real property, is very much in question.

Accordingly, the Court established these deadlines:

   1. The sale or refinancing of the Felicita property must close
on or before July 31, 2017.

   2. The new deadline for filing a revised disclosure statement is
August 30, 2017.

   3. The new deadline for confirming a plan is October 31, 2017.

                About Blue Light Capital Corp.

Blue Light Capital Corp. sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. C. D. Calif. Case No. 16-14461) on October
28, 2016.  The petition was signed by Kris Wismer, president.  

The case is assigned to Judge Mark S Wallace.

At the time of the filing, the Debtor disclosed $8.32 million in
assets and $1.61 million in liabilities.


BOM DIA: DOJ Watchdog Seeks Trustee Appointment, Ch. 7 Conversion
-----------------------------------------------------------------
William K. Harrington, the United States Trustee for Region 2, asks
the U.S. Bankruptcy Court for the Eastern District of New York to
enter an Order directing the appointment of a Chapter 11 trustee
for Bom Dia Realty, Inc., or, in the alternative, converting the
Chapter 11 case to one under Chapter 7.

According to the U.S. Trustee, the Debtor has failed to pay
postpetition taxes and secured debt payments, and failed to operate
exclusively out of the debtor-in-possession bank account.  The
Debtor has also failed to pay quarterly fees to the United States
Trustee. The Debtor's mismanagement constitutes cause under 11
U.S.C. Sec. 1104(a)(1) and the appointment of a Chapter 11 trustee
is, therefore warranted, the U.S. Trustee asserts.

Moreover, based on a review of the monthly operating reports and
bank statements filed with the Court, the Debtor is not depositing
the collected rent into the debtor-in-possession bank account, the
U.S. Trustee says.  Because the Debtor appears to have liquid
assets held by a third party, a Chapter 7 trustee will be able to
determine whether those amounts may be recovered for the benefit of
unsecured creditors, the U.S. Trustee adds.  Therefore, the Court
should, convert the Chapter 11 case to one under Chapter 7.

Bom Dia Realty Inc. filed a Chapter 11 petition (Bankr. E.D.N.Y.
Case No. 16-44341) on September 28, 2016, and is represented by
Eric H Horn, Esq., at Vogel Bach & Horn, LLP.


BON-TON STORES: Fails to Comply with Nasdaq Listing Requirement
---------------------------------------------------------------
The Bon-Ton Stores, Inc. received a staff deficiency letter from
The Nasdaq Stock Market on March 9, 2017, notifying the Company
that for the past 30 consecutive business days prior to the date of
the letter, the market value of "publicly held" shares of the
Company was less than $15 million, which does not meet the
requirement for continued listing on The Nasdaq Global Select
Market, as required by Nasdaq Listing Rule 5450(b)(3)(C).  In
accordance with Nasdaq Listing Rule 5810(c)(3)(D), Nasdaq has
provided the Company with 180 calendar days, or until Sept. 5,
2017, to regain compliance with the MVPHS Rule.  If the Company
regains compliance with the MVPHS Rule, Nasdaq will provide written
confirmation to the Company and close the matter.

This notification has no immediate effect on the Company's listing
on the Nasdaq Global Select Market or on the trading of the
Company's common stock.

To regain compliance with the MVPHS Rule, the market value of the
Company's publicly held shares must meet or exceed $15 million for
a minimum of 10 consecutive business days during the 180 day grace
period.  If the Company does not regain compliance with the MVPHS
Rule during this grace period, Nasdaq will provide written notice
that the Company's common stock is subject to delisting from The
Nasdaq Global Select l Market.  In that event, the Company may
appeal such determination to a hearings panel.

The Company is presently evaluating possible courses of action to
regain compliance with the MVPHS Rule.  If the Company does not
regain compliance by Sept. 5, 2017, or if the Company fails to
satisfy another Nasdaq requirement for continued listing, Nasdaq
staff could provide notice that the Company's common stock will
become subject to delisting. In such event, Nasdaq rules permit the
Company to appeal any delisting determination to a Nasdaq Hearings
Panel.  However, there can be no assurance that the Company will be
able to regain compliance or that the Company will be able to
maintain its Nasdaq listing.

                      About Bon-Ton Stores

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

Bon-Ton Stores reported a net loss of $57.05 million on $2.71
billion of net sales for the fiscal year ended Jan. 30, 2016,
compared to a net loss of $6.97 million on $2.75 billion of net
sales for the fiscal year ended Jan. 31, 2015.  As of Oct. 29,
2016, Bon-Ton Stores had $1.73 billion in total assets, $1.80
billion in total liabilities and a total shareholders' deficit of
$68.64 million.

                          *     *     *

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

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


BON-TON STORES: Gabelli Funds et al. Hold 5.6% Stake as of March 14
-------------------------------------------------------------------
In an amended Schedule 13D filed with the Securities and Exchange
Commission, Gabelli Funds, LLC et al., reported that as of March
14, 2017, they beneficially own 1,043,000 shares of common stock of
Bon-Ton Stores, Inc. representing 5.60% of the approximately
18,638,368 shares outstanding as reported in the Company's most
recently filed Form 10-Q for the quarterly period ended Oct. 29,
2016.  The Reporting Persons beneficially own those Securities as
follows:

                             Shares of      % of Class of
Name                       Common Stock     Commo nStock
----                       ------------    -------------
Gabelli Funds, LLC            315,000           1.69%
GAMCO Asset Management        518,000           2.78%
Teton Advisors, Inc.          210,000           1.13%

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

                     https://is.gd/zzjlfm

                      About Bon-Ton Stores

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

Bon-Ton Stores reported a net loss of $57.05 million on $2.71
billion of net sales for the fiscal year ended Jan. 30, 2016,
compared to a net loss of $6.97 million on $2.75 billion of net
sales for the fiscal year ended Jan. 31, 2015.  As of Oct. 29,
2016, Bon-Ton Stores had $1.73 billion in total assets, $1.80
billion in total liabilities and a total shareholders' deficit of
$68.64 million.

                          *     *     *

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

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


C&D PRODUCE: Court Extends Plan Filing Through May 16
-----------------------------------------------------
Judge Paul Hyman, Jr., has granted C & D Produce Outlet, Inc.'s
request, extending the Debtor's exclusive plan filing period
through May 16, 2017, and its exclusive solicitation period through
July 17, 2017.

As previously reported by The Troubled Company Reporter, C&D Outlet
North, Inc desires to sell the real property and/or business
operations located at 8915 North Military Trail, Palm Beach
Gardens, FL.  The Debtor related that the sale of said property
will be accompanied by a Plan of Reorganization to take advantage
of significant tax savings.  The Debtor believes that the sale will
generate more available funds to distribute to creditors.  The
Debtors needed more time for the sale to take place.

                   About C & D Produce Outlet

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


CALIFORNIA PROTON: U.S. Trustee Names Melanie Cyganowski as PCO
---------------------------------------------------------------
The Acting United States Trustee, Andrew R. Vara, filed a Notice
before the U.S. Bankruptcy Court for the District of Delaware
appointing Melanie L. Cyganowski as the Patient Care Ombudsman for
California Proton Treatment Center, LLC.

The U.S. Trustee's Notice of Appointment was made pursuant to the
Order dated March 10, 2017 directing the appointment of a Patient
Care Ombudsman for the Debtor.

          About California Proton Treatment Center

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.


CCC INFORMATION: Moody's Assigns B3 Corporate Family Rating
-----------------------------------------------------------
Moody's Investors Service assigned a B3 Corporate Family Rating
("CFR") to CCC Information Services Inc. (New) ("CCC"), a B3-PD
Probability of Default, B2 instrument ratings to the company's new
first-lien credit facilities, including a $100 million revolver and
a $925 million Term Loan B, and a Caa2 instrument rating to a new,
$375 million second-lien term loan. Secured debt proceeds,
including $30 million drawn under the revolver, plus new and rolled
over equity will be used to effect Advent International's
("Advent") acquisition of CCC. Upon closing of the transaction,
which is expected early in the second quarter, Moody's expects to
withdraw the ratings of CCC Information Services Inc. (Old). The
outlook is stable.

Assignments:

Issuer: CCC Information Services Inc. (New)

-- Probability of Default Rating, Assigned B3-PD

-- Corporate Family Rating, Assigned B3

-- Senior secured first lien bank credit facilities maturing 2022
and 2024, Assigned B2; LGD3

-- Senior secured second lien bank credit facility maturing 2025,
Assigned Caa2; LGD5

Outlook Actions:

-- Outlook, Stable

RATINGS RATIONALE

The B3 CFR primarily reflects very high, approximately 8.4 times
debt-to-EBITDA leverage (including Moody's standard adjustments) at
closing of the acquisition, and Moody's expectation that the
measure will moderate slowly over the next twelve to eighteen
months, as organic revenues continue to grow at mid- to
upper-single-digit-percentage rates and EBITDA grows slightly more
quickly. CCC's leverage, which had been roughly 8.0 times
subsequent to the 2012 LBO of the company by another private equity
firm, had moderated steadily since then, but is now being reset as
a result of Advent's acquisition of the automotive-insurance-claims
servicer. Free-cash-flow-to-debt leverage had improved as well, but
Moody's expects it to fall below 5% by 2018 as CCC becomes a
tax-paying entity.

Although CCC has a leading market position in the U.S. auto
physical damage ("APD") claims market, its $500 million revenue
size is relatively small, with significant customer concentration.
Virtually all of CCC's revenues are generated in the U.S., which is
a mature end market for auto claims, while some profitable revenues
may materialize in later years as the China market is built out.
Moody's also anticipates modest revenue growth from ancillary
services, which now include, as a result of acquisitions,
automotive insurance telematics and the processing of medical
claims resulting from automobile accidents. CCC's near-term
liquidity will be somewhat hampered by the Advent LBO, but high
operating margins, a track record of steady financial performance
and cash flow generation, and high customer retention support the
ratings. Moody's believes that the burden of servicing an
incremental $620 million of debt may restrict CCC's ability to
continue investing (as it has done to an exemplary degree in recent
years) in products and platform modernization that have helped the
company stay competitive in a sector that has been exploiting the
explosive growth of digitized information.

Moody's views CCC's liquidity as good, as free cash flow, strong at
about $65 to $70 million in 2017, or 5.2% of debt, falls to about
4.3% by 2018 due to higher interest expense and a change in CCC's
status to a tax payer. Additionally, all but $10 million of CCC's
healthy, $66 million 2016 year-end cash balance will be swept to
help finance the acquisition.

The stable outlook reflects Moody's expectations for only modest
deleveraging, to about 8.1 times by year-end 2017, but continued
steady, mid- to upper-single digit percentage revenue gains over
the next twelve to eighteen months. The ratings could be upgraded
if improving financial performance, combined with meaningful debt
reduction, results in debt-to-EBITDA approaching 5.5 times and
free-cash-flow-to-debt exceeding 5% for a sustained period. The
ratings could be downgraded if revenue or profitability declines
materially due, for example, to customer losses or weaker pricing.
A significant debt-financed acquisition or tightening of liquidity
could also pressure the ratings, particularly if free cash flow
approaches break-even or debt-to-EBITDA fails to moderate to below
8.0 times.

CCC Information Services Inc. ("CCC") develops, markets, and
supplies a variety of automobile claim products and services that
enable automobile insurance companies, collision repair facilities,
independent appraisers, parts suppliers, and automobile dealers to
manage the automobile claim and restoration process. The company
also provides auto injury medical solutions to insurance carriers.
Moody's expects the company will generate approximately $500
million in sales in 2017, through high-single-digit, mostly organic
revenue growth. In February 2017, CCC announced the acquisition of
the company by Advent International, which will be buying it from
Leonard Green & Partners and TPG.

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


CENTRAL IOWA: Emergency Dept. Remains PCO's Largest Concern
-----------------------------------------------------------
Susan N. Goodman, RN JD, the Patient Care Ombudsman for Central
Iowa Healthcare, files a second Interim Report on March 14, 2017.

The PCO's second site visit focused on the main hospital and South
Campus.

The PCO noted that the Emergency Department (ED) remains to be her
largest clinical concern. Nursing leadership and staff (clinical,
EMS, and security) continued with episodic locums concerns balanced
against a limited number of professionals available in the coverage
pool. The PCO added that one community complaint was received
regarding ED supply availability. While the PCO confirmed adequate
supplies, the complaint may be consistent with persistent
departmental strain that is apparent in the PCO's assessment of
internal quality feedback. Moreover, the PCO mentioned that the the
ED continues to have a generous number of psychiatric hold patients
at any given time. During PCO's visit, 25% or greater of the ED
volume was attributable to the challenging and staff-intensive
patient population.

Based on the Report, all physician, clinical, and support staff
which the PCO encountered on the second site visit were anxious for
clarity regarding the buyer as an important step on the path out of
bankruptcy. The PCO was often asked to confirm the date of the sale
hearing. The PCO feels strongly that the consistent core Emergency
Department clinician coverage is needed sooner versus later to
prevent any material care compromise.

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

     http://bankrupt.com/misc/iasb16-02438-301.pdf

               About Central Iowa Healthcare

Central Iowa Healthcare, formerly doing business as Marshalltown
Medical Surgical Center, is a not-for-profit corporation formed
under the laws of the State of Iowa, and is tax exempt pursuant to
section 501(c)(3) of the Internal Revenue Code. It is governed by a
14-member Board of Trustees of which two members serve on an
ex-officio basis.  

CIH operates a community hospital in Marshalltown, Iowa, which is
located between Des Moines and Cedar Rapids. Its 49-bed, acute care
facility is the only full-service medical center in the area.

CIH is the sixth largest employer in Marshalltown.  According to
U.S. Census 2015 data, Marshalltown's population is estimated at
27,620 and a median income of $50,396.

Declining revenues over the past several years have placed a
considerable financial strain on CIH and led to uncertainty about
the hospital's ability to continue as a going concern.

CIH sought Chapter 11 protection (Bankr. S.D. Iowa Case No.
16-02438) on Dec. 20, 2016.  The petition was signed by Dawnett
Willis, acting CEO. The Debtor disclosed $81.91 million total
assets and $20.02 million total liabilities.

The case is assigned to Judge Anita L. Shodeen.  The Debtor hired
Bradshaw,Fowler, Proctor & Fairgrave, P.C. as its legal counsel,
and Alvarez & Marsal Healthcare Industry Group, LLC as its
financial advisor.

The U.S. Trustee for the Southern appointed Susan N. Goodman as the
patient care ombudsman for CIH.

On December 28, 2016, the U.S. Trustee appointed an official
committee of unsecured creditors.


CHANNEL TECHNOLOGIES: Sets Bid Procedures for Property
------------------------------------------------------
Peter H. Carroll of the U.S. Bankruptcy Court for the Central
District of California will convene a hearing on March 22, 2017 at
10:00 a.m. to consider Channel Technologies Group, LLC's bid
procedures in connection with the sale of its piezoelectric
ceramics business ("Ceramics Property") to RJE International, Inc.
for $725,000; and its transducer design and manufacturing business
("ITC/IMS Property") to Sonatech, LLC for $750,000, both subject to
overbids.

Any opposition to the Procedures Related Relief and accompanying
memorandum of points and authorities and declarations must be filed
and served at least 1 day prior to the hearing, unless otherwise
ordered by the Court.

The Debtor designs and manufactures piezoelectric ceramics,
transducers, sonar equipment and other related products sold
primarily to military, commercial, and industrial customers in the
United States and internationally.  Certain long-term supply
contracts are onerous to the Debtor and have negatively impacted
and continue to negatively impact the Debtor's cash flow.  Despite
efforts to consensually address the problematic aspects of certain
of its contracts with the counterparties through negotiations,
prior to the Petition Date, with some minor exceptions, the Debtor
was unable to stop the significant negative impact of such
contracts on the Debtor's business.

The Debtor commenced the Case to expeditiously pursue a potential
sale of some or all of the Debtor's business to one or more third
parties and an orderly wind down of the remaining business.

The Debtor has executed an Asset Purchase Agreement (Going Concern)
with the Ceramics Buyer with respect to assets related to the
Debtor's Ceramics Property, and an Asset Purchase Agreement with
the ITC/IMS Buyer with respect to assets related to the Debtor's
ITC/IMS Property operated by the divisions formerly known as
International Transducers Corp. and the Internal Machine Shop.

The Debtor believes that the consummation of the Sale to the Buyers
or to a successful overbidder or overbidders will provide the
Debtor and its creditors and other stakeholders with the best
opportunity possible for maximizing value by realizing upon the
Property through a Sale(s) as a going concern, subject to further
marketing effort and higher and better bids consistent with the Bid
Procedures.

The salient terms of the Bid Procedures are:

   a. To participate in the bidding process, Potential Bidder must
first deliver to the Debtor and its counsel, among other documents,
an executed confidentiality agreement, proof of ability to perform,
and other documentation as the Debtor may reasonably request.

   b. The Debtor will (i) determine whether a Potential Bidder is a
Qualified Bidder; (ii) coordinate the efforts of Bidders in
conducting their due diligence investigations; (iii) receive offers
from Qualified Bidders; and (iv) negotiate any offers made to
purchase the Property.

   c. The Debtor proposes the Bid Deadline to be 2 business days
prior to the Auction, or such other date as determined by the
Debtor.

   d. The Bidder must provide a Good Faith Deposit in cash equal
to: (1) $82,500 for the Ceramics Property or (2) $84,500 for the
ITC/IMS Property.

   e. The aggregate consideration must exceed the value of the
consideration under the APAs for such asset package by an
incremental amount that is not less than (1) $100,000 for the
Ceramics Property (total opening bid of $825,000) or (2) $20,000
for the ITC/IMS Property (after taking into account the ITC/IMS
Breakup Fee including the reserve for attorneys's fees).

   f. The Bid may not be conditioned on obtaining financing or any
internal approval or otherwise be subject to contingencies more
burdensome than those in the applicable APA, unless the Debtor in
its discretion otherwise agrees.

   g. The Debtor will conduct the Auction to determine the highest
and best bid with respect to the Property in the event that there
is a Qualified Bidder in addition to the Stalking Horse Bidders.
The Auction will commence prior to the Sale Hearing at the Los
Angeles office of the Debtor's counsel, or other location as
determined by the Debtor.  If as to each package of Property no
higher and better offer is obtained at the Auction, then the
applicable Stalking Horse Bidder will be deemed the Successful
Bidder, the applicable APA will be the Successful Bid, and, at the
Sale Hearing, the Debtor will seek approval of and authority to
consummate the Sale contemplated by the applicable APA.
Notwithstanding the foregoing, the Debtor reserves the right to
cancel the Auction and proceed with the proposed sale(s) to the
Stalking Horse Bidders.

   h. During the Auction, bidding will begin initially with the
highest Baseline Bid for each package of Property and subsequently
continue in minimum increments of (1) $10,000 for the Ceramics
Property and (2) $10,000 for the ITC/IMS Property, or such other
amount as determined by the Debtor.  Except as otherwise set forth,
the Debtor may conduct the Auction in the manner it determines will
result in the highest and best offer for the Property.

   i. Upon conclusion of the bidding, the Auction will be closed,
and the Debtor will identify the highest and best offers for the
Property and the entities submitting such Successful Bids, which
highest and best offers will provide the greatest amount of net
value to the Debtor.  The Debtor will sell the Property to the
Successful Bidders upon the approval of the Successful Bids by the
Bankruptcy Court after the Sale Hearing.

A copy of the Agreements and the Bid Procedures attached to the
Notice is available for free at:

       
http://bankrupt.com/misc/Channel_Technologies_225_Sales.pdf

The Buyer's obligation to perform under the APAs is conditioned
upon the closings taking place by April 21, 2017.  The deadline for
entry of the Bid Procedures Order is March 27, 2017.

The Debtor asks that the Sale Hearing will be conducted by the
Court by no later than April 12, 2017.

The Bidding procedures Proposed represent the final stage of a
marketing process conducted by the Debtor and its advisors over the
course of several weeks.  Ultimately, the Debtor received for four
individual bids, including the stalking horse bids.  The Debtor
will continue its marketing process for the Property following
entry of the Bid Procedures Order.  Based on the overall marketing
process, the Debtor believes that the consummation of the Sale to
the Buyers or to a successful overbidder or overbidders will
provide the Debtor and its creditors and other stakeholders with
the best opportunity possible for maximizing value by realizing
upon the Property through a Sale as a going concern, subject to
further marketing effort and higher and better bids consistent with
the Bid Procedures.

The Debtor has conducted a UCC search of purported lienholders of
the Property in conjunction with the proposed Sale of the Property.
The only party asserting a lien on the Property of which the
Debtor is aware is Blue Wolf Capital Fund II, L.P.

The Debtor asks the Court to issue an Order (i) authorizing the
sale of the Property to the Buyers pursuant to the APAs, or,
alternatively, to the other successful bidder(s) pursuant to the
applicable agreement(s) with such other successful bidder(s)
entered into in accordance with the Bid Procedures, free and clear
of all liens, claims, encumbrances or other interests; (ii)
approving the Bid Procedures including the Breakup Fees and other
proposed protections for Buyers to compensate the Buyers for the
fees and expenses incurred in connection with negotiating and
executing the APAs and payable in accordance with the applicable
terms in the following amounts: (a) $75,000 to the Ceramics Buyer
and (b) a payment in the amount of $50,000 plus reimbursement of
actual and reasonable out of pocket expenses (including attorneys'
fees) in the amount not to exceed $25,000 to the ITC/IMS Buyer;
(iii) scheduling the Auction and hearing for the Sale; and (iv)
granting such other and further relief as is just and proper under
the circumstances.

RJE International can be reached at:

          Robert Jechart
          RJE INTERNATIONAL, INC.
          15375 Barranca Parkway, Bldg I-112
          Irvine, CA 92618
          Telephone: (949) 727-9399 Ext. 22
          Facsimile: (949) 727-0070
          Cellular: (714)357-5991
          E-mail: rj@rjentinc.com

RJE International is represented by:

          Leslie Cohen, Esq.
          Jaime Williams, Esq.
          LESLIE COHEN LAW PC
          506 Santa Monica Bl., Suite 200
          Santa Monica, CA 90401
          Telephone: (310) 394-5900 X103
          Facsimile: (310) 394-9280
          Cellular: (310) 922-8104
          E-mail: leslie@lesliecohenlaw.eom
                  Jaime@lesliecohenlaw.com

                About Channel Technologies Group

Headquartered in Santa Barbara, California, Channel Technologies
Group, LLC, designs and manufactures piezoelectric ceramics,
transducers, sonar equipment and other related products sold
primarily to military, commercial, and industrial customers in the
United States and internationally.

CTG is a privately owned California limited liability company
founded in 1959.  In 2011, CTG was acquired by BW Piezo Holdings,
LLC, a Delaware limited liability company, from Alta Properties,
Inc., f.k.a. Channel Technologies, Inc. BWP now owns 100% of CTG's
member interests. BWP is majority-owned by Blue Wolf Capital Fund
II, L.P. (the Company's pre-petition lender), which is an
investment fund managed by Blue Wolf Capital Advisors, L.P. CTG is
a member-managed LLC. Charles Miller is the manager.

CTG filed a Chapter 11 petition (Bankr. C.D. Cal. Case No.
16-11912) on Oct. 14, 2016.  The case is assigned to Judge Peter
Carroll.

The Debtor estimated $10 million to $50 million in assets and
debt.

The Debtor has engaged Jeffrey W. Dulberg, Esq., at Pachulski
Stang Ziehl & Jones LLP as bankruptcy counsel, CR3 Partners, LLC
as restructuring advisor, and Prime Clerk LLC as noticing, claims
and balloting agent.


CLOUD PEAK: S&P Revises Outlook to Stable & Affirms 'B-' CCR
------------------------------------------------------------
S&P Global Ratings said that it revised its rating outlook on Cloud
Peak Energy Resources LLC to stable from negative and affirmed its
'B-' corporate credit rating on the company.

At the same time, S&P revised its recovery rating on the company's
second-lien notes to '4' from '3', indicating S&P's expectation of
average (30%-50%, rounded estimate: 40%) recovery for lenders in
the event of a payment default.  The rating on the second-lien
notes is affirmed at 'B-'.  S&P also affirmed its 'CCC' rating on
the senior unsecured notes; the recovery rating is unchanged at
'6', indicating S&P's expectation of negligible (0%-10%, rounded
estimate 0%) recovery for lenders in the event of a payment
default.

The affirmation reflects S&P's view that the company will benefit
from favorable export opportunities in 2017, an improved maturity
profile, and overall cost discipline.  The company resumed exports
from its Spring Creek Mine in the last quarter of 2016 to take
advantage of the recovery in the Newcastle benchmark price, which
has increased about 50% since March of last year.  The company
expects to export about 5 million tons in 2017, which is expected
to contribute to positive EBITDA.

S&P's affirmation also reflects the improved debt maturity profile
for the company based on equity issued in the first quarter of
2017, the proceeds of which management plans to use to repay the
outstanding 8.5% senior unsecured notes due 2019.  After the
redemption of the senior notes on March 31, 2017, S&P expects the
total adjusted debt balance (including asset retirement
obligations, postretirement obligations, and operating and capital
leases) to be about $500 million in 2017.

S&P expects the company to generate about $95 million of adjusted
EBITDA in 2017 with adjusted debt to EBITDA of 5.3x and FFO to
adjusted debt below 12%.  S&P do not expect a meaningful
improvement in the company's operating performance without a price
or volume increase from current levels.  While current export
opportunities could provide temporary upside to cash flows and
offset the take-or-pay transportation obligations, S&P believes
that, absent a demand or price recovery, the company may not
sustain the current levels of cash flows.

S&P's base-case scenario assumptions include:

   -- Expected tons sold of about 59 million tons in 2017, in line

      with the company's guidance for committed sales of 54
      million tons and export sales of 5 million tons);

   -- Average realized price on committed domestic volume of about

      $12.22/ton in 2016 and $12.55/ton in 2017;

   -- Adjusted EBITDA margin of 13% to 14% 2017 that drops off to
      about 11% due to a lower uncommitted price per ton;

   -- Positive free operating cash flow in 2017; and

   -- Capital expenditures of $30 million in 2017.

S&P considers Cloud Peak's key business risks to be the weak coal
demand environment and the substitution of natural gas for coal.  A
significant amount of production in the Powder River Basin (PRB)
has been rationalized over the past 12 months and peers with a
lower debt burden relative to Cloud Peak have emerged from
bankruptcy and are reestablishing their competitive position.  In
addition, Cloud Peak's limited geographic and product diversity and
transportation and delivery complications associated with PRB coal
also continue to be factors in assessing the company's business
risk relative to peers.

Cloud Peak produces coal in the PRB in the U.S.  The company
operates three wholly owned surface mines in the PRB--the Antelope
and Cordero Rojo mines are located in Wyoming and Spring Creek mine
is located in Montana.  The company also has two development
projects--the Youngs Creek Project and the Crow Project near the
Spring Creek Mine--that provide significant tonnage opportunities.
The company controls approximately 1.1 billion tons of proven and
probable coal reserves.

The stable outlook reflects the expectation of temporary
improvement in operating performance in the next 12 months, with
adjusted debt to EBITDA of 5.3x and FFO to debt of less than 12%
due to favorable export opportunities.  The stable outlook also
reflects the company's improved maturity profile and lower
outstanding debt in 2017.  While S&P do not expect the company to
be at risk of nonpayment of its obligations in the next 12 months,
an improvement in the domestic demand and price environment will be
required for the company to maintain or improve its operating
performance.

S&P could lower the rating if the company is unable to cover its
fixed obligations over the next 12 months or breaches its minimum
liquidity covenant or if the capital structure appears
unsustainable in the long run.

S&P could consider an upgrade if the company maintained debt to
EBITDA of less than 5x and FFO to total debt above 20% on sustained
basis.  S&P could also consider an upgrade if the company secured
more favorable transportation contracts without minimum volume
commitments that provide flexibility during a downturn.



CONCH HOUSE: Needs Authorization to Use VSD OR LLC Cash Collateral
------------------------------------------------------------------
Conch House Builders, LLC, asks the U.S. Bankruptcy Court for the
Middle District of Florida for authority to use cash collateral.

The Debtor's business operations involve owning and operating a
restaurant, lounge, marina, and motel in St. Augustine, Florida.

The Debtor's proposed Budget covers the period from March 2017
through October 2017, providing total operating expenses in the
aggregate sum of $3,285,500.

The Debtor believes that VSD OR LLC has liens on most of its
property including its proceeds, pursuant to a Mortgage and
Security Agreement that has been recently assigned to VSD OR LLC.

The Debtor intends on offering replacements liens to VSD OR LLC in
order to protect its interest as well as monthly adequate
protection payment that will be determined between the parties.

The Debtor avers that it will work with VSD OR LLC in order to get
an agreed order on this request.

A full-text copy of the Debtor's Motion, dated March 11, 2017, is
available at https://is.gd/0BkMHv

                       About Conch House Builders

Conch House Builders, LLC and its affiliate Conch House Builders
II, LLC, f/d/b/a Conch House Marina Resort, Inc., filed separate
Chapter 11 bankruptcy petitions (Bankr. M.D. Fla. Case Nos.
17-00767 and 17-00768, respectively), on March 8, 2017.  The
petitions were signed by David M. Ponce, Jr., manager.

The Debtors are represented by Jason A Burgess, Esq., at the Law
Offices of Jason A Burgess, LLC.

At the time of filing, both Debtors had less than LLC in estimated
assets.  Conch House Builders, LLC, had $10 million to $50 million
in estimated liabilities while Conch House Builders II, LLC,
$100,000 to $500,000 in estimated liabilities.


CONCORDIA INTERNATIONAL: Reports Q4 Consolidated Revenue of $170.4M
-------------------------------------------------------------------
Concordia International Corp. announced its financial and
operational results for the three and 12 months ended Dec. 31,
2016.

"Our 2016 results represent the culmination of a challenging and
transitional year for Concordia," said Allan Oberman, chief
executive officer of Concordia.  "The ongoing impact of financial
and industry headwinds on the business, and the resulting erosion
to our stakeholder value, has necessitated a reassessment of our
business model.  We are working diligently to stabilize our
business and define our long-term growth strategy.  These efforts
in 2017 are focused on five key business priorities: strengthening
our operational execution, enhancing our financial management,
expanding our product portfolio, stakeholder outreach, and
developing a comprehensive long-term growth strategy.  Despite the
significant challenges facing our business, I am encouraged by what
I have seen in my first few months at Concordia.  I look forward to
continuing a deep review of the business and expect to provide a
more detailed growth strategy in the second half of the year."

Fourth Quarter 2016 Financial Results and Recent Events

  * Consolidated revenue of $170.4 million, a decrease of 8.1%
    compared with the third quarter of 2016.  

  * GAAP net loss includes fourth quarter impairment charges of
    $562.1 million, and GAAP loss per share of $13.00.  The
    impairment charges consisted of $306.9 million related to the
    Company's North America segment product portfolio and $255.2
    million related to the Company's International segment product
    portfolio.

  * Adjusted EBITDA of $80.5 million and adjusted earnings per
    share of $0.13, includes a charge of $4.5 million of
    previously capitalized research and development expenses
    related to the Company's phase 3 trial for Photodynamic
    Therapy with Photofrin.

  * Reported Concordia International segment results in the fourth
    quarter that were 1.3% higher on a constant currency basis2
    compared to the third quarter of 2016, increasing from
    EUR104.6 million to EUR106.0 million in the period.

  * Total cash and cash equivalents of $397.9 million as of
    Dec. 31, 2016.  The Company disclosed on Feb. 1, 2017, that it
    made a cash payment of approximately EUR73.5 million to
    Cinven6 pursuant to the terms of the share purchase agreement
    to acquire the Company's International segment.  During the
    year ended Dec. 31, 2016, the Company generated cash flows
    from operating activities of $408.3 million versus $122.0
    million in 2015.

Edward Borkowski, chief financial officer of Concordia, commented:
"During the fourth quarter, our North American business continued
to be challenged.  We remain focused on stabilizing this segment,
while evaluating opportunities to further leverage and diversify
our International segment.  As part of the ongoing strategic
assessment of the business, we are evaluating all aspects of the
Company.  We have launched near-term initiatives that we believe
will improve both working capital and operating efficiencies.
Furthermore, we have expanded our disclosure regarding the
Company's liquidity and capital structure in our financial
statements.  Lastly, considering the industry headwinds the Company
is facing, coupled with our efforts to stabilize the business while
creating a long-term growth strategy, we do not believe it is
appropriate to issue full-year guidance for 2017, at this time.  We
will continue to assess the timing of providing guidance as we make
progress throughout the year."

Fourth Quarter 2016 Segment Results

   * On a constant currency basis, the Concordia International
     segment delivered slightly improved results, increasing by
     1.3% in the fourth quarter of 2016 compared to the third
     quarter of 2016.  Concordia International segment revenue for
     the fourth quarter of 2016 was $128.7 million, compared with
     $137.4 million in the third quarter of 2016, representing a
     6.3% decrease primarily due to foreign exchange translation.

   * Since Oct. 21, 2015, the Company's International segment
     launched 36 products.  These products include branded and
     generic therapies for the treatment of prostate cancer, pain,
     depression, and obesity, among other conditions.  The Company
     took an in-process research and development impairment charge
     of $58.5 million in the fourth quarter of 2016 relating to
     projects that it decided to discontinue, or certain projects
     with lower future forecasts compared with those at the time
     of the Concordia International acquisition.

   * Concordia North America segment revenue of $39.3 million in
     the fourth quarter of 2016 compared to $45.5 million in the
     third quarter of 2016.  The decrease was due to competitive
     market pressures.

   * Orphan Drug segment revenue of $2.4 million in the fourth
     quarter of 2016, compared with $2.6 million in the third
     quarter of 2016.

Consolidated Operating Results

Revenue for the year ended Dec. 31, 2016, increased by $421.9
million, or 107%, compared to the corresponding period in 2015.
This increase was primarily due to a $441.8 million increase in
revenue for the year from the Concordia International segment
acquired on Oct. 21, 2015, and, therefore, was only included in the
comparative period for a portion of the fourth quarter of 2015.
The increase was mainly offset by a $20.1 million decrease in
revenue from the Concordia North America segment as a result of
generic product launches and other competitive marketplace
pressures associated with the Concordia North America product
portfolio.

Gross profit for the year ended Dec. 31, 2016, increased by $295.0
million, or 98%, compared to the corresponding period in 2015. This
increase was primarily due to a $318.5 million increase in gross
profit for the year from the Concordia International segment
acquired on Oct. 21, 2015, and, therefore, was only included in the
comparative period for a portion of the fourth quarter of 2015.
The increase was partially offset by a $21.9 million decrease in
gross profit from the Concordia North America segment. The gross
profit decrease within the Concordia North America segment was
larger than the revenue decrease primarily due to a higher
proportion of full year revenue being earned from lower margin
authorized generic sales.  Gross profit in both 2016 and 2015 was
negatively impacted by non-cash inventory fair value adjustments in
the amount of $21.4 million and $33.9 million, respectively,
arising as a result of acquired inventory from business
acquisitions.

Adjusted gross profit for the year ended Dec. 31, 2016, removing
the impact of the non-cash fair value adjustments, increased by
$282.5 million, or 85%, compared to 2015, which is lower than the
gross profit increase due to the higher non-cash inventory fair
value adjustment in 2015.

The change in gross profit and adjusted gross profit as a
percentage of revenue in the year ended Dec. 31, 2016, compared to
2015 reflects the impact of lower margins within the Concordia
International segment and a change in product sales to lower margin
authorized generic products lowering gross profit margins from the
Concordia North America segment.

Operating expenses for the year ended Dec. 31, 2016, increased by
$1.3 billion, compared to 2015.  Operating expenses were higher
primarily due to impairment charges of $1.1 billion recorded during
2016, as well as the increased size of the Company's business after
the completion of the acquisition of the portfolio of products from
Covis Pharma S.a.r.l. and Covis Injectables S.a.r.l. and the
acquisition of the Concordia International segment.

General and administrative expenses reflect costs related to
salaries and benefits, professional and consulting fees, ongoing
public company costs, travel, facility leases and other
administrative expenditures.  General and administrative expenses
for the year ended Dec. 31, 2016, increased by $26.7 million, or
90%, compared to 2015 due to the increased size of the Company.
General and administrative expenses for the year as a percentage of
revenue were 7%, compared with 8% in 2015.

Selling and marketing expenses reflect costs incurred by the
Company for the marketing, promotion and sale of the Company's
broad portfolio of products across the Company's segments.  Selling
and marketing costs for the year ended Dec. 31, 2016, increased by
$27.6 million, or 118%, compared to 2015. These costs have
increased due to the expansion of Concordia's product portfolio
from 6 core products in the first quarter of 2015 to currently over
200 products.

Research and development costs for the year ended Dec. 31, 2016,
increased by $25.6 million, or 171%, compared to 2015.  Research
and development costs include expenses of the Concordia
International segment for product expansion efforts and costs
associated with the Concordia North America segment.  In December
2016, the Company terminated a phase 3 trial for Photodynamic
Therapy with Photofrin which resulted in $4.5 million of previously
capitalized costs being recorded as research and development
expenses.

Operating (loss) income from continuing operations, for the year
ended Dec. 31, 2016, reflects increased operating expenses compared
to 2015, primarily due to the impairment charges partially offset
by the increased gross profit from the Concordia International
segment.

The current income tax expense recorded for the year ended
Dec. 31, 2016, increased by $27.8 million, compared to 2015. Income
taxes were higher primarily due to the increased taxable income
from the Concordia International segment.

The net loss from continuing operations for the year ended
Dec. 31, 2016, was $1.3 billion, and loss per share was $25.76 per
share.  Significant components comprising the net loss in 2016 are
impairment charges of $1.1 billion, net foreign exchange losses of
$124.9 million, and the deduction of other significant cash and
non-cash expenses which include, but are not limited to,
amortization expense and interest and accretion expenses.

Adjusted EBITDA for the year ended Dec. 31, 2016 increased by
$202.4 million, or 76%, compared to 2015 primarily due to a full
year of operating results from the Concordia International segment.
Adjusted EBITDA1 in 2016 of $468.1 million, by segment, was $177.4
million from Concordia North America, $319.6 million from Concordia
International, offset by a loss of $9.0 million from Orphan Drugs.
In addition, the Company incurred $19.8 million of corporate costs
related to the Corporate Head Office.

As of Dec. 31, 2016, the Company had cash of $397.9 million and,
subject to compliance with certain incurrence covenants under the
Company's debt agreements, currently has up to $60 million
available to it in a revolving credit facility before it is subject
to financial maintenance covenants under its credit agreement.

As at Dec. 31, 2016, and March 15, 2017, the Company had,
respectively, 51,089,556 and 51,089,556 common shares issued and
outstanding.

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


                       https://is.gd/Gp1wE5

                          About Concordia

Concordia is a diverse, international specialty pharmaceutical
company focused on generic and legacy pharmaceutical products and
orphan drugs.  The Company has an international footprint with
sales in more than 100 countries, and has a diversified portfolio
of more than 200 established, off-patent molecules that make up
more than 1,300 SKUs.  Concordia also markets orphan drugs through
its Orphan Drugs Division, consisting of Photofrin for the
treatment of certain rare forms of cancer.

Concordia operates out of facilities in Oakville, Ontario and,
through its subsidiaries, operates out of facilities in
Bridgetown, Barbados; London, England and Mumbai, India.

As of Sept. 30, 2016, Concordia had US$4.22 billion in total
assets, US$3.92 billion in total liabilities and US$301.04 million
in total shareholders' equity.

                           *    *    *

As reported by the TCR on Nov. 17, 2016, Moody's Investors Service
downgraded the ratings of Concordia International Corp. including
the Corporate Family Rating to 'Caa1' from 'B3' and the
Probability of Default Rating to 'Caa1-PD' from 'B3-PD'.  "The
downgrade follows continued weakness in the business, an uncertain
competitive environment, and an unclear and challenging path
towards deleveraging," said Jessica Gladstone, Moody's senior vice
president.


COORDINATED CHILD CARE: Court Conditionally Okays Plan Disclosures
------------------------------------------------------------------
The Hon. Vincent F. Papalia of the U.S. Bankruptcy Court for the
District of New Jersey has conditionally approved North Jersey
Community Coordinated Child Care Agency, Inc.'s disclosure
statement referring to the Debtor's plan of reorganization.

A combined hearing on the final approval of the Disclosure
Statement and plan confirmation will be held on April 13, 2017, at
11:00 a.m.

Plan ballots and objections to the confirmation of the Plan must be
filed by April 6, 2017, at 5:00 p.m.

Headquartered in Paterson, New Jersey, North Jersey Community
Coordinated Child Care Agency, Inc., dba Michael's Energy Factory
Childcare Center, fdba Barney's Education Center, filed for Chapter
11 bankruptcy protection (Bankr. D. N.J. Case No. 14-20256) on May
20, 2014, estimating its assets at between $1 million and $10
million and liabilities at between $1 million and $10 million.  The
petition was signed by Michael Lillo, chairman.

Sam Della Fera, Esq., and Anthony Sodono, III, Esq., at Trenk,
Dipasquale, Della Fera & Sodono, P.C., serve as the Debtor's
bankruptcy counsel.


CORENO MARBLE: Disclosures OK'd; Plan Hearing on April 25
---------------------------------------------------------
The Hon. Julie A. Manning of the U.S. Bankruptcy Court for the
District of Connecticut has approved Coreno Marble & Tile, Ltd.'s
first amended disclosure statement dated Feb. 21, 2017, referring
to the Debtor's plan of reorganization dated Feb. 21, 2017.

A hearing to consider the confirmation of the Plan will be held on
April 25, 2017, at 10:00 a.m.  Written objections to the Plan must
be filed by April 18, 2017.

The plan proponent will mail by March 17, 2017, the Plan or a
court-approved summary thereof, the Disclosure Statement, and a
copy of this court order to all creditors and equity security
holders.

April 18, 2017, is the last day for returning written ballots of
acceptance or rejection of the Plan.

The Report of Ballots and Administrative Expenses will be filed
with the Court by April 20, 2017.

As reported by the Troubled Company Reporter on Feb. 28, 2017, the
Debtor filed with Court the Disclosure Statement.  Each holder of
Class 1 General Unsecured Creditors will receive property or
payments of a value, as of the effective date of the Plan, which
are not less than what the holder would receive if the Debtor's
estate were liquidated under Chapter 7.  Due to the amount of the
Debtor's unsecured claims, the Debtor is essentially insolvent.

                   About Coreno Marble & Tile

Coreno Marble & Tile, Ltd., is engaged in the business of
installation of marble and tile on commercial construction
projects.  The Debtor is owned equally by Frank DiBello and Dominic
DiCocco.

The Debtor sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. D. Conn. Case No. 16-50088) on Jan. 21, 2016.  The
petition was signed by Frank DiBello, president.  

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


CROFCHICK INC: Unsecureds to Recoup 30% Under Plan
--------------------------------------------------
The Hon. Robert N. Opel, II, of the U.S. Bankruptcy Court for the
Middle District of Pennsylvania has set for April 6, 2017, at 9:30
a.m., the hearing to consider the approval of Crofchick, Inc.'s
second amended disclosure statement dated Feb. 8, 2017, referring
to the Debtor's Chapter 11 plan.

Objections to the Second Amended Disclosure Statement must be filed
by March 20, 2017.

General unsecured creditors, if any, are classified in Class 4 and
will receive a distribution of 30% of their allowed claims.

Class 4 General Unsecured Claims are impaired by the Plan.

Payments and distributions under the Plan will be funded from the
Debtor's operating income, including, but not limited to, rental
payments received from, or paid directly to creditors by, an
affiliate of the Debtor, Crofchick, Realty, LLC.

A copy of the Second Amended Disclosure Statement is available at:

           http://bankrupt.com/misc/pamb15-03723-167.pdf

                     About Crofchick, Inc.

Crofchick, Inc., and Crofchick Realty, LLC, filed for Chapter 11
bankruptcy protection (Bankr. M.D. Pa. Case No. 15-03723 and
15-03724) on Aug. 30, 2015.  Tullio DeLuca, Esq., serves as the
Debtors' bankruptcy counsel.

On June 22, 2016, the Debtors each filed its Chapter 11 Small
Business Disclosure Statement and Chapter 11 Small Business Plan.


CROFCHICK REALTY: Unsecureds to Recoup 100% Over 5 Years
--------------------------------------------------------
The Hon. Robert N. Opel, II, of the U.S. Bankruptcy Court for the
Middle District of Pennsylvania has set for April 6, 2017, at 9:30
a.m., the hearing to consider the approval of Crofchick Realty,
LLC's second amended disclosure statement dated Feb. 8, 2017,
referring to the Debtor's Chapter 11 plan.

Objections to the Second Amended Disclosure Statement must be filed
by March 20, 2017.

Class 4 General Unsecured Claims are unimpaired by the Plan.  The
holders will recover 100% in equal monthly installments over a
period of 60 months commencing no greater than 30 days following
the Effective Date of the Plan.  The Debtor may choose to pay
general unsecured claims in a shorter period of time due to the de
minimis nature of the claims.

Payments and distributions under the Plan will be funded from the
Debtor's operating income, including, but not limited to, rental
payments received from, or paid directly to creditors by, an
affiliate of the Debtor, Crofchick, Inc.

A copy of the Second Amended Disclosure Statement is available at:

           http://bankrupt.com/misc/pamb15-03724-149.pdf

                      About Crofchick Realty

Crofchick Realty, LLC, was formed on Dec. 31, 2003, and has served
as a real estate holding company that owns improved real estate
that houses the business operations of its affiliate, Crofchick,
Inc., a retail and wholesale bakery in Swoyersville, Pennsylvania.


The Debtor filed for Chapter 11 bankruptcy protection (Bankr. M.D.
Pa. Case No. 15-03724) on Aug. 30, 2015.  Tullio DeLuca, Esq.,
serves as the Debtor's bankruptcy counsel.


CRYOPORT INC: Incurs $10.4 Million Loss in 9 Months Ended Dec. 31
-----------------------------------------------------------------
Cryoport, Inc., filed with the Securities and Exchange Commission
its annual report on Form 10-K disclosing a net loss of $10.4
million on $6.1 million total revenue for the nine months ended
Dec. 31, 2016, compared with a $7.1 million (unaudited) net loss on
$4.3 million total revenue for the nine months ended Dec. 31,
2015.

On Sept. 21, 2016, Cryoport, Inc., changed its fiscal year from a
fiscal year ending March 31 of each year to a fiscal year ending
Dec. 31 of each year, effective as of
Dec. 31, 2016.  This change resulted in a transition period from
April 1, 2016 through Dec. 31, 2016.

Cryoport, Inc. declared a net loss of $9.8 million for the year
ended March 31, 2016 compared to a $7 million net loss for the year
ended March 31, 2015.

As of Dec. 31, 2016, Cryoport, Inc. has $8.1 million in total
assets, $2.4 million in total liabilities and $5.6 million in total
shareholder's equity.

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

                              https://is.gd/XIz8kG

                               About Cryoport

Lake Forest, Calif.-based CryoPort, Inc. (OTC BB: CYRX) provides
comprehensive solutions for frozen cold chain logistics, primarily
in the life science industries.  Its solutions afford new and
reliable alternatives to currently existing products and services
utilized for bio-pharmaceuticals and biologics, including in-vitro
fertilization, cell lines, vaccines, tissue and other commodities
requiring a reliable frozen solution.

Cryoport reported a net loss attributable to common stockholders of
$15.05 million on $5.88 million of revenues for the year ended
March 31, 2016, compared to a net loss attributable to common
stockholders of $12.2 million on $3.93 million of revenues for the
year ended March 31, 2015.

As of Sept. 30, 2016, Cryoport had $5.99 million in total assets,
$2.29 million in total liabilities and $3.69 million in total
stockholders' equity.

KMJ Corbin & Company LLP, in Costa Mesa, California, issued a
"going concern" qualification on the consolidated financial
statements for the year ended March 31, 2016, citing that the
Company has recurring operating losses from inception and has used
substantial amounts of working capital in its operations. Although
the Company has cash and cash equivalents of $2.8 million at March
31, 2016, management has estimated that cash on hand will only be
sufficient to allow the Company to continue its operations through
the third quarter of fiscal 2017.  These matters raise substantial
doubt about the Company's ability to continue as a going concern,
the auditors said.


CS360 TOWERS: Ch. 11 Trustee Sought Despite Management Dispute
--------------------------------------------------------------
The United States Trustee asks the U.S. Bankruptcy Court for the
Eastern District of California to enter an order directing the
appointment of a Chapter 11 Trustee for CS360 Towers, LLC.

According to the U.S. Trustee, the Debtor experiences a management
dispute.  Ray Sahadeo, a prepetition manager of the Debtor, has
refused to vacate the Debtor's office, and is apparently running
the day-to-day affairs of the Debtor.  Also, Mark Chisick, the
manager who signed the Debtor's petition, does not even know if the
rents for March have been collected.  At any rate, the result of
the management dispute is that the Debtor's property manager has
refused to release approximately $150,000 in rental income, the
U.S. Trustee tells the Court.

The U.S. Trustee asserts that aside from the management dispute,
certain circumstances also support the appointment of a Chapter 11
Trustee, such as:

     (a) the substantial conflict of interest among the Debtor's
managers;

     (b) the lack of liability insurance of the Debtor;

     (c) the acceptance of Mr. Chisick to Mr. Sahadeo's
recommendation to refrain from paying property taxes which resulted
to the Debtors' properties to be subject to many tax liens;

     (d) the testimony of Mr. Chisick that the Debtor's books and
records are deficient; and

     (e) the several questionable transfers disclosed in the
Statement of Financial Affairs.

The U.S. Trustee is represented by:

     Jason Blumberg, Esq.
     JASON BLUMBERG
     Office of the United States Trustee
     501 "I" Street, Suite 7-500
     Sacramento, CA 95814-2322
     Direct Phone: (916) 930-2076
     Fax: (916) 930-2099
     E-mail: Jason.blumberg@usdoj.gov

                 About CS360 Towers

CS360 Towers, LLC filed a Chapter 11 petition (Bankr. E.D. Cal.
Case No. 17-20731), on February 3, 2017. The petition was signed by
Mark D. Chisick, manager. The case is assigned to Judge RobertS.
Bardwil. The Debtor is represented by Stephan M. Brown, Esq. at the
Bankruptcy Group, P.C.  At the time of filing, the Debtor had total
assets of $18.46 million and total liabilities of $5.72 million.


CTI BIOPHARMA: Louis A. Bianco Resigns as EVP Finance
-----------------------------------------------------
On March 13, 2017, Louis A. Bianco resigned as the Executive Vice
President, Finance and Administration, Chief Governance Officer and
Secretary of CTI BioPharma Corp. effective immediately. Bruce J.
Seeley, the Company's Executive Vice President, Chief Commercial
Officer, will serve as the principal financial officer of the
Company, effective immediately, and will assume the title of
Executive Vice President, Chief Commercial and Administrative
Officer and Secretary.

Mr. Seeley, 53, assumed his role as the Company's Executive Vice
President and Chief Commercial Officer in July 2015. Mr. Seeley
previously served as Senior Vice President and General Manager,
Diagnostics at NanoString Technologies, Inc. from May 2012 to March
2015.

There are no family relationships involving Mr. Seeley that would
require disclosure under Item 401(d) of Regulation S-K. There are
no current or proposed transactions in which he or any member of
his immediate family has, or will have, a direct or indirect
material interest that would require disclosure under Item 404(a)
of Regulation S-K.

In connection with his resignation, the Company entered into a
Separation and Release Agreement with Mr. Bianco dated March 13,
2017. The Separation Agreement provides for Mr. Bianco to receive a
cash severance payment of $675,000, paid over 18 months, and
payment of his health and life insurance premiums for up to 18
months following his resignation. Each of Mr. Bianco's outstanding
stock options granted by the Company fully vested and will
generally remain exercisable until the earlier of the date that is
21 months following his resignation date or the expiration date of
the option, subject to earlier termination in connection with a
change in control of the Company. The Separation Agreement also
includes a general release of claims by Mr. Bianco in favor of the
Company.

A full-text copy of the Form 8-K regulatory filing is available
at:

                              https://is.gd/S6rRfg

                                About CTI BioPharma

CTI BioPharma Corp. (NASDAQ and MTA: CTIC) --
http://www.ctibiopharma.com/-- formerly known as Cell  
Therapeutics, Inc., is a biopharmaceutical company focused on the
acquisition, development and commercialization of novel targeted
therapies covering a spectrum of blood-related cancers that offer
a
unique benefit to patients and healthcare providers. The Company
has a commercial presence in Europe and a late-stage development
pipeline, including pacritinib, CTI's lead product candidate that
is currently being studied in a Phase 3 program for the treatment
of patients with myelofibrosis.  CTI BioPharma is
headquartered in Seattle, Washington, with offices in London and
Milan under the name CTI Life Sciences Limited.

CTI Biopharma reported a net loss attributable to common
shareholders of $122.62 million on $16.11 million of total revenues
for the year ended Dec. 31, 2015, compared to a net loss
attributable to common shareholders of $96.0 million on $60.07
million of total revenues for the year ended Dec. 31, 2014.

As of Sept. 30, 2016, CTI Biopharma had $76.48 million in total
assets, $63.96 million in total liabilities and $12.51 million in
total shareholders' equity.

The Company's independent registered public accounting firm
included an explanatory paragraph in its reports on its
consolidated financial statements for each of the years ended Dec.
31, 2007, through Dec. 31, 2011, and for the year ended Dec. 31,
2014, regarding their substantial doubt as to the Company's ability
to continue as a going concern.  The Company said that although its
independent registered public accounting firm removed this going
concern explanatory paragraph in its report on our Dec. 31, 2015,
consolidated financial statements, the Company expects to continue
to need to raise additional financing to fund its operations and
satisfy obligations as they become due.  According to the Company,
the inclusion of a going concern explanatory paragraph in future
years may negatively impact the trading price of its common stock
and make it more difficult, time consuming or expensive to obtain
necessary financing, and the Company cannot guarantee that it will
not receive such an explanatory paragraph in the future.


DAVID AND VERDA: Can Use Greenwich Cash Collateral Until April 30
-----------------------------------------------------------------
Judge Mary Grace Diehl of the U.S. Bankruptcy Court for the
Northern District of Georgia authorized David and Verda Dicorte
Revocable Trust to use the cash collateral through and including
April 30, 2017.

The Debtor is authorized to use the proceeds, rents and other
income associated with its commercial real estate commonly known as
6208-6210 Grand Boulevard, New Port Richey, Pasco County, FL and
7780 Little Road, New Port Richey, Pasco County, FL.

The approved Budget provides total monthly expenses of $3,759 which
includes adequate protection payment. The Budget also provides a
monthly surplus of $1,346 which will be used for improving the
Debtor's property to add storage bays to further increase its
revenues.

Greenwich Investors Trust XLIX Trust 2015-1 was owed the amount of
$1,097,426 as of the Petition Date, which amount consists of the
principal and interest due, plus additional fees and costs, and
attorney's fees.  Greenwich Investors properly perfected its
security title to, security interests in and liens upon the
Debtor's property.  Greenwich Investors asserts a first-priority
security interest in the cash collateral.

Greenwich Investors is granted a valid, binding, enforceable and
automatically perfected liens on and security interests in the
Debtor's property and cash collateral, including all the proceeds
of the property, to the same extent, validity and priority of
Greenwich Investors' prepetition liens or security interests.

Among other things, the Debtor is directed to:

      (a) remit to Greenwich Investors the sum of $3,000 per month.
However, the Debtor will make a lump sum payment of $6,000 to
Greenwich Investors, representing adequate protection payments for
December 2016 and January 2017.

      (b) provide Greenwich Investors and its counsel a copy of its
monthly operating report, and such other reports as Greenwich
Investors may reasonably request.

      (c) maintain all necessary insurance, including without
limitation, life, fire, hazard, comprehensive, public liability,
and workmen's compensation, and obtain such additional insurance in
an amount as is appropriate for the Debtor's business.

In addition, the Debtor and Greenwich Investors agree that:

   (a) The Debtor will submit a Plan and Disclosure Statement
within 30 days from March 11, 2017, providing for Greenwich
Investors to have:

           (i) an allowed secured claim in the amount of $600,000
to be paid over 36 months at an interest rate of 6%, resulting in a
monthly payment of $5,064 to Greenwich Investors, plus a balloon
payment of the remaining balance on or before the beginning of the
37th month; and

          (ii) an allowed general unsecured claim in the amount of
$370,000 which will be paid at no less than $500 per month over the
life of the Plan.

   (b) The Plan will be subject to the review and approval of
Greenwich Investors and other creditors to ensure appropriate
security, default remedies, and standard and customary provisions
to ensure feasibility and compliance by the Debtor.

A full-text copy of the Consent Order, dated March 11, 2017, is
available at https://is.gd/SbifjK

Greenwich Investors Trust is represented by:

           Melissa J. Davey, Esq.
           Stites & Harbison, PLLC
           303 Peachtree Street, NE, Suite 2800
           Atlanta, GA 30308
           Telephone: (404) 739-8852
           Facsimile: (404) 739-8870
           E-mail: mdavey@stites.com

                  About David and Verda DiCorte

The David and Verda DiCorte Revocable Trust is a family trust
created by David Vincent DiCorte and accepted by Karen Hope DiCorte
Yore pursuant to the laws of the State of Florida for the benefit
of Grantors adult children, Billy David DiCorte, Roy Lee DiCorte,
Karen Hope DiCorte Yore, and Naomi Lynn DiCorte Carmen.

The Trust filed a Chapter 11 bankruptcy petition (Bankr. N.D. Ga.
Case No. 16-60447) on June 15, 2016.  The petition was filed pro
se.  Howard P. Slomka, Esq. at Slomka Law Firm PC, serves as the
Debtor's bankruptcy counsel.

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


DAVID GEERTS: U.S. Trustee Forms 3-Member Committee
---------------------------------------------------
The Office of the U.S. Trustee on March 17 appointed three
creditors to serve on the official committee of unsecured creditors
in the Chapter 11 cases of David and Julie Norman-Geerts.

The committee members are:

     (1) Brent Schmitz
         Soil Service, Inc.
         91 S. Adams
         Carthage, IL 62321
         Phone: 888.313.2360
         Email: bschmitz@soilserviceinc.com

     (2) Kay Spidahl
         Chadwick Oil & AG Service, Inc.
         P.O. Box 205
         Chadwick, IL 61014
         Phone: 815.684.5800
         Email: ehinrichs@chadwickoilag.com

     (3) Ken Kophamer
         Kophamer/Blean Realty
         118 East Main Street
         Morrison, IL 61270
         Phone: 815.631.6115
         Email: kenny@kenkoprealty.com

Official creditors' committees have the right to employ legal and
accounting professionals and financial advisors, at a debtor's
expense. They may investigate the debtor's business and financial
affairs. Importantly, official committees serve as fiduciaries to
the general population of creditors they represent.

               About David and Julie Norman-Geerts

David L. Geerts and Julie A. Norman-Geerts sought protection under
Chapter 11 of the Bankruptcy Code (Bankr. N.D. Ill. Case No.
17-80321) on February 17, 2017.  The case is assigned to Judge
Thomas J. Lynch.  The Debtors are represented by Jocelyn L. Koch,
Esq., at Holmstrom & Kennedy PC.


DAVID'S BRIDAL: Bank Debt Trades at 13% Off
-------------------------------------------
Participations in a syndicated loan under David's Bridal Inc is a
borrower traded in the secondary market at 86.90
cents-on-the-dollar during the week ended Friday, March 10, 2017,
according to data compiled by LSTA/Thomson Reuters MTM Pricing.
This represents a decrease of 1.29 percentage points from the
previous week.  David's Bridal pays 375 basis points above LIBOR to
borrow under the $0.52 billion facility. The bank loan matures on
Oct. 11, 2019 and carries Moody's B3 rating and Standard & Poor's
B- rating.  The loan is one of the biggest gainers and losers among
247 widely quoted syndicated loans with five or more bids in
secondary trading for the week ended March 10.


DAVIS HOLDING: Lawrenceburg City Wants Plan Disclosures Denied
--------------------------------------------------------------
The City of Lawrenceburg, Indiana, filed with the U.S. Bankruptcy
Court for the Southern District of Indiana an objection to the
disclosure statement and plan of reorganization filed by Davis
Holding Co., LLC.

The City has a properly-perfected, first position mortgage on the
Debtor's real property, and the proposed Plan unacceptably seeks to
deprive the City of the benefit of its bargain with the Debtor.

The City asserts that the Court should dismiss or convert the case
at the disclosure statement stage because the Debtor's Plan of
Reorganization is patently unconfirmable under 11 U.S.C. section
112. Alternatively and additionally, the level of disclosure in the
Disclosure Statement is wholly inadequate under 11 U.S.C. section
1125.

The City complains that the Plan is not fair and equitable. The
Debtor seeks to cram down the plan on the City, and perhaps other
classes of creditors as well. The Debtor cannot meet the two
conditions that must be met for cramdown. First, all of the
requirements of Section 1129(a) must be proved, except for the
requirement under Section 1129(a)(8) that each impaired class
accept the plan. Second, the plan must not discriminate unfairly
and must be fair and equitable as to each impaired class of claims
that has not accepted the plan.

The Debtor's Plan also violates the fair and equitable standard
because it proposes to pay the 2012 Note portion of the City's
claim over a 30 year period by abandoning part of an indivisible
property. This simply cannot be done, for the reasons set forth in
the City’s objection to the Debtor's abandonment motion.

Obtaining confirmation of a Chapter 11 plan of reorganization
requires a plan proponent to demonstrate by a preponderance of the
evidence that confirmation of the debtor's plan is not likely to be
followed by the liquidation, or the need for further financial
reorganization, of the debtor or any successor to the debtor under
the plan, unless such liquidation or reorganization is proposed in
the plan.

The City contends that the Disclosure Statement provides very
little information from which to determine whether the proposed
Plan is feasible. The Disclosure Statement fails to provide even
remotely sufficient, let alone concrete evidence of future cash
flow to fund and maintain both its future operations and
obligations under the Debtor's proposed Plan. The Disclosure
Statement contains merely a short paragraph about feasibility.

The Disclosure Statement also fails to make adequate disclosures.
Under the Bankruptcy Code, the Disclosure Statement must contain
adequate information of a kind and in sufficient detail that
enables a hypothetical investor typical of holders of claims or
interests of the relevant class to make an informed judgment about
the plan.

Additionally, the Disclosure Statement contains no explanation of
why it is proposing an interest rate of zero percent to be applied
to the City's secured claim in Class 1-A, the 2007 Note claim.
Further, the Debtor fails to explain in its Disclosure Statement
that its proposed abandonment of the property located at 110-112
Walnut, part of the collateral for the 2012 Note, is being opposed
by the City, and is subject to a motion that will be heard and
determined by the Court.

For these reasons, the City asks the Court to sustain its objection
to and deny approval of the Disclosure Statement, dismiss this
case, or alternatively, order the case converted to a Chapter 7
case, and provide any additional or alternative relief sought by
the City that this Court deems appropriate.

Attorney for the City:

     Reuel D. Ash, Esq.
     Ulmer & Berne LLP
     600 Vine Street, Suite 2800
     Cincinnati, OH 45202
     Telephone: (513) 698-5118
     Fax: (513) 698-5119
     Email: rash@ulmer.com

                    About Davis Holding

Davis Holding Co., LLC filed a chapter 11 petition (Bankr. S.D.
Ind. Case No. 16-91361) on August 24, 2016.  The petition was
signed by Gregory N. Davis, sole member.  The Debtor is
represented
by David M. Cantor, Esq. and William P. Harbison, Esq., at Seiller
Waterman LLC.  The case is assigned to Judge Basil H. Lorch III.
The Debtor estimated assets at $500,000 to $1 million and
liabilities at $1 million to $10 million at the time of the filing.


DBDFW2 LLC: Nationstar Blocks Approval of Plan Disclosures
----------------------------------------------------------
Creditor Nationstar Mortgage, LLC, objects to the approval of the
disclosure statement and confirmation of the chapter 11 plan filed
by DBDFW2, LLC.

On Sept. 11, 2008, Stephen Davis and Chunna Davis ("Borrowers")
executed a promissory note in the principal sum of $169,813. The
Note reflects that it was endorsed in blank. The Note is secured by
a Deed of Trust granting a security interest in the real property
located at 8372 Whippoorwill Drive, Fort Worth, TX 76123. The Deed
of Trust contains an acceleration provision preventing the transfer
of interest in the Loan without the Lender’s prior written
consent. Further, the Deed of Trust contains an Assignment of Rents
provision.  Subsequently, interest in the Loan was assigned to
Creditor.

Nationstar complains that the Plan violates 11 U.S.C. section
524(e) in seeking to discharge the liability of non-filing parties,
the Borrowers. 11 U.S.C. section 524(a)(2) states that the effect
of a discharge "operates as an injunction against the commencement
or continuation of an action, the employment of process, or an act,
to collect,  recover or offset any such debt as a personal
liability of the debtor, whether or not discharge of such debt is
waived." In other words, section 524(a) provides for the discharge
of personal liability on certain debts of the debtor. Section 524
does not, however, provide for the release of personal liability
for a third party non-debtor.

In the present case, the Borrowers are not parties to the
bankruptcy. Further, Creditor did not consent to the unauthorized
transfer of interest in the Loan/Property to the Debtor. Notably,
the Deed of Trust contains an acceleration provision preventing the
transfer of interest in the Loan without the Lender's prior written
consent. Despite this fact, the Plan proposes to modify the terms
of the Loan with a new principal balance, interest rate, term, and
borrower.

Additionally, The Plan does not provide for Creditor's unsecured
claim in full, but the Debtor attempts to retain an interest in the
Property as junior class members in violation of the absolute
priority rule. Therefore, the Plan is in violation of the absolute
priority rule and the Plan cannot be confirmed.

Premises considered, Nationstar prays that the Court deny approval
of the disclosure statement, deny confirmation of the plan as
proposed, award attorneys' fees and costs, and grant Creditor such
other and further relief, at law and in equity, as is just.

Nationstar Mortgage, LLC is represented by:

     Gordon W. Green, SBN 24083102
     ALDRIDGE PITE, LLP
     550 Westcott, Suite 560
     Houston, Texas 77007
     Telephone: (713) 293-3610
     Facsimile: (719) 293-3636

                    About DBDFW2 LLC

DBDFW2, LLC sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. N. D. Texas Case No. 16-33554) on September 6, 2016,
listing under $1 million in both assets and liabilities.


DEPAUL INDUSTRIES: Plan Confirmation Hearing Set for April 26
-------------------------------------------------------------
The U.S. Bankruptcy Court for the District of Oregon approved
DePaul Industries' disclosure statement explaining its plan of
reorganization, dated March 7, 2017.

Written ballots accepting or rejecting the plan or amended plan
must be received by the plan proponent Thomas Stilley no less than
seven days before the hearing date.

Objections to the proposed plan must be in writing and must be
filed no later than seven days before the hearing.

The hearing on confirmation of the plan will be held on April 26,
2017, at 10:00 a.m. in the US Bankruptcy Court, Courtroom #1, 1001
SW 5th Ave, 7th Floor, Portland, OR 97204.

                   About DePaul Industries

DePaul Industries is a non-profit corporation based in Portland,
Ore., founded in 1971 with a mission of providing employment
opportunities for people with disabilities. DePaul Services, Inc.,
was formed in 2004 as a separate Oregon non-profit corporation to
segregate DPI's work for governmental entities from its
non-governmental work. DePaul lost a major $1 million spice
packaging customer in 2015.

DPI and DSI filed chapter 11 petitions (Bankr. D. Ore. Case Nos.
16-32293 and 16-32294) on June 10, 2016, and are represented by
Jeffrey C. Misley, Esq., and Thomas W. Stilley, Esq., at Sussman
Shank LLP in Portland. At the time of the filing, the Debtors
estimated their assets and liabilities at $1 million to $10
million.

Gail Brehm Geiger, acting U.S. trustee for Region 18, on June 22
appointed five creditors in the jointly administered Chapter 11
cases of DePaul Industries and DePaul Services, Inc., to serve on
the official committee of unsecured creditors.  The Creditors'
Committee retained Cable Huston LLP as counsel.


DEPENDABLE AUTO: To Sell Assets to ADESA Under Liquidation Plan
---------------------------------------------------------------
Dependable Auto Shippers, Inc., filed with the U.S. Bankruptcy
Court for the Northern District of Texas its third amended
disclosure statement in support of its second amended plan of
liquidation.

Nearly $6 million of the general unsecured claims against DAS are
held by two creditors, Carsarrive Network, Inc., an affiliate of
ADESA, and Drive America.  Carsarrive's Claim is approximately $3.5
million.  Drive America's Claim is approximately $2.5 million.  The
largest Secured Creditor is ADESA.  ADESA holds a secured claim
totaling approximately $7,573,000 which accrued prepetition and a
Secured Claim which will total approximately $2,600,000 on account
of it providing debtor in possession financing.  On the first day
of filing bankruptcy, approximately $780,000 in critical vendor
payments to general unsecured creditors were approved and paid.
These payments reduced the pool of general unsecured creditors.
The Plan includes a sale of nearly all of the Debtor's Assets to
ADESA, or its assignee, or to a higher bidder.

Class 2, the ADESA Claim, is impaired under the latest liquidation
plan.  If ADESA is the highest bidder for the Assets, the ADESA
Claim will be satisfied by the transfer of title of the Assets to
ADESA pursuant to the terms of an Asset Purchase Agreement
substantially in the form attached to the Plan plus, ADESA's
payment of the Contribution to the Liquidating Trust and ADESA's
payment of Allowed Administrative Expense Claims; or If ADESA is
not the successful purchaser for the Assets, ADESA will receive on
account of the ADESA Claim the full amount of the ADESA Claim in
cash at Closing; if there is any dispute respecting the amount of
the Class 2 Claim, the Court will adjudicate such dispute at
Confirmation.

Class 6, unsecured claimants, is impaired.  Each Holder of a Class
6 Claim will receive periodic Pro Rata distributions from the
Liquidation Trust.  Cisco Systems Capital Corporation's claim will
be resolved by:

   (1) the Agreement to Lease Equipment No. 8351-MM001-0 between
Cisco and DAS being rejected no later than Closing;

   (2) returning to Cisco its equipment;

   (3) Cisco having an Allowed Administrative Expense Claim
calculated by determining the benefit to the Debtor of use of the
equipment under the Cisco Lease Post-Petition; and

   (4) Cisco having an Allowed General Unsecured Claim equal to
damages incurred based on the rejection of the Cisco Lease.

Unsecured claimants were classified in class 4 in the previous
liquidation plan.

A sale free and clear of all claims and encumbrances of
substantially all of the Assets to ADESA or its designated
affiliate shall be approved by the Court at Confirmation and shall
be consummated at Closing pursuant to the terms of the Asset
Purchase Agreement. If ADESA or its assignee is the Buyer, the
consideration for the Assets shall be the satisfaction of the ADESA
Claim, ADESA’s payment of the Contribution to the Liquidating
Trust, and the satisfaction of Allowed Administrative Expense
Claims; provided, however, ADESA is not obligated to bid the full
amount of the ADESA claim for the Assets. Otherwise, the Buyer
shall pay cash to ADESA equal to the ADESA Claim and shall pay the
Contribution to the Liquidation Trust in consideration of the
Assets.

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

           http://bankrupt.com/misc/txnb16-34855-11-148.pdf

                  About Dependable Auto Shippers

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

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

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


DIOCESE OF DULUTH: Exclusive Plan Filing Period Thru June 7
-----------------------------------------------------------
The U.S. Bankruptcy Court for the District of Minnesota granted the
Diocese of Duluth's request, extending the Debtor's exclusive plan
filing deadline to June 7, 2017, and its exclusive plan
solicitation deadline to August 7, 2017.

                     About Diocese of Duluth

The Diocese of Duluth is headquartered in Duluth, Minnesota.  It
covers northern Minnesota parishes and 10 counties with Cass to
the west, Koochiching to the north, Cook to the east and Pine to
the south.

The Diocese of Duluth sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. D. Minn. Case No. 15-50792) on Dec. 7,
2015.  The case is assigned to Judge Robert J Kressel.

The Debtor's lead counsel is Bruce A Anderson, Esq., and J Ford
Elsaesser, Esq., at Elsaesser Jarzabek Anderson Elliott &
MacDonald, CHTD., in Zandpoint, Idaho.  The Debtor's local counsel
is Phillip Kunkel, Esq., at Gray, Plant, Mooty, Mooty & Bennett,
P.A., in St Cloud, Minnesota.  Brad Wadsten of Edina Realty
(Wadsten) was tapped as real estate broker.

In its petition, the Debtor estimated $1 million to $10 million in
both assets and liabilities.  The petition was signed by Rev.
James Bissonette, vicar general.



DOMINION PAVING: Envirostruct Buying 2012 Etnyer Trailer for $48K
-----------------------------------------------------------------
Dominion Paving & Sealing Inc., asks the U.S. Bankruptcy Court for
the Eastern District of Virginia to authorize the sale of 2012
Etnyer Trailer, VIN 1E9308865CE11123, to Envirostruct, LLC, for
$47,500.

Prior to the Petition Date, the Debtor owned the property subject
to the secured lien of First Citizens Bank ("FCB").  The Debtor is
indebted to FCB in the approximate amount of $147,000, which amount
is secured against multiple pieces of collateral, including the
property.

The Debtor proposes and seeks authority to sell the property
pursuant to the terms of the Bill of Sale.  The purchase price of
the property is reasonable under the circumstances and the
condition of the property.  The purchase price is the result of
arm's-length negotiations between the Debtor and the Buyer.  The
Debtor further proposes and requests authority to sell the property
free and clear of all liens.  

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

            http://bankrupt.com/misc/Dominion_Paving_390_Sales.pdf

With the consent of the applicable parties, the Debtor seeks to
apply 100% of the proceeds of the sale to FCB in reduction of its
debt.

The sale of the Property will benefit the Estate and is in the best
interest of the Estate and its creditors.  Accordingly, the Debtor
asks the Court to approve the proposed sale of property to the
Buyer.

The Debtor asks the Court to waive the stay imposed by Bankruptcy
Rule 6004(h).

The Purchaser can be reached at:

          ENVIROSTRUCT, LLC
          12108 Washington Highway
          Ashland, VA 23005

                     About Dominion Paving

Dominion Paving & Sealing, Inc. sought protection under Chapter 11
of the Bankruptcy Code (Bankr. E.D. Va. Case No. 15-32966) on
June 10, 2015.  The petition was signed by Stephen H. Parham,
president.

The case is assigned to Judge Keith L. Phillips.

At the time of the filing, the Debtor estimated its assets at $1
million to $10 million.  The Debtor did not disclose its total
liabilities at the time of the filing.


DORCH COMMUNITY: No Concerns Noted, PCO Report Says
---------------------------------------------------
Sheila Brooks, MSW, the Regional Long Term Care Ombudsman for Dorch
Community Care Center LLC, has filed a Report dated March 6, 2017,
regarding the Debtor's Bankruptcy Facility Monitoring Plan.

During the visit, the Ombudsman reported that three additional
staff have been hired.  As regards the food services, the Ombudsman
found no concerns expressed in the meals provided by the Debtor.
Moreover, the PCO reported that there are no concerns pertaining to
medications, medical visits, transportation, daily ADL assistance,
and in laundry.

The Ombudsman further reported the actions taken by the Debtor for
each received complaints. These actions include:

     (a) the appointment schedule for one resident which was set on
January 30, 2017;

     (b) the medication given for one resident which was documented
to one resident, but was being refused; and

     (c) the four bedtime medications for another resident.

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

     http://bankrupt.com/misc/scb16-04486-114.pdf

               About Dorch Community Care Center LLC

Dorch Community Care Center LLC filed a Chapter 11 petition (Bankr.
D.S.C. Case No. 16-04486) on September 2, 2016, and is represented
by J. Carolyn Stringer, Esq., at Stringer Law.


DREW UNIVERSITY: Moody's Lowers Rating on Series 2003C Bonds to B2
------------------------------------------------------------------
Moody's Investors Service has downgraded the rating of Drew
University's Series 2003C Bonds to B2 from Ba3 and Series 2007D and
Series 2008B Bonds to B3 from Ba3, reflecting the continued
weakening of the university's financial viability due to
unsustainable operating deficits and ongoing substantive declines
in financial reserves. A mortgage pledge on financed facilities
contributes to the rating differential for the Series 2003C bonds.
The rating outlook is negative.

Significant operating deficits are now expected to last longer than
previously projected by the university. Achieving a financial
turnaround will be difficult given a highly competitive student
market limiting prospects for near term revenue growth. Drew has
depleted its unrestricted liquidity and is reliant on loans and
distributions from temporarily restricted endowment assets for
working capital. Prospects of full recovery are favorable in the
event of default given the value of the university's campus
facilities.

Rating Outlook

The negative outlook reflects Moody's expectations that the
university's financial performance will remain challenged over the
next few years which will continue to erode the remaining spendable
cash and investments, making a return to financial stability very
difficult.

Factors that Could Lead to an Upgrade

Significant and sustained improvement in financial performance to
demonstrate long-term viability

Material growth in unrestricted cash and investments

Factors that Could Lead to a Downgrade

Operating deficits that are either deeper or longer than those
currently projected

Deterioration of spendable cash and investments beyond current
projections

Legal Security

The rated bonds, Series 2003C, 2007D, and 2008B (all fixed rate)
are general obligations of the university. The Series 2003C bonds
are additionally secured by a debt service reserve fund and a
mortgage on Simon Forum and Athletic Center.

To issue additional debt, Drew has to comply with an Additional
Indebtedness Tests (AIT). Drew does not need to comply with AIT if
it grants a mortgage for which the appraised value of real estate
equals the outstanding par value of the bonds.

Drew has loans and a direct bond placement with TD Bank N.A. The
Series 2008I and 2010C Bonds and 2010 TD Bank Loan are general
obligations of the university. The university has to comply with
AIT tests or provide a mortgage in real estate at least equal to
the par value of outstanding debt (same as above) in order to issue
additional debt. Drew is subject to an annual covenant test on the
Series 2010C bonds under which the ratio of Cash and Investments to
Total Debt must be equal to or greater than 1.80. The university
reported a ratio of 2.17 times in FY 2016.

Use of Proceeds. Not applicable

Obligor Profile

Drew University is a coeducational private university located in
Madison, New Jersey. The university enrolls approximately 1,900
students and generates $74 million in revenue.

Methodology

The principal methodology used in this rating was Global Higher
Education published in November 2015.


ENZYME FORMULATIONS: Jerome Fisher to be Paid $100,000 Under Plan
-----------------------------------------------------------------
Enzyme Formulations Inc., et al., filed with the U.S. Bankruptcy
Court for the Western District of Wisconsin a disclosure statement
dated March 8, 2017, in support of the Debtors' joint Chapter 11
plan of reorganization.

Class 6 Jerome M. Fisher's Unsecured Claims Against Howard F.
Loomis, Jr. -- estimated at $3,435,000 -- are impaired by the Plan.
On the Effective Date or as soon as reasonably practicable
thereafter, except to the extent that Mr. Fisher agrees to less
favorable treatment, in full and final satisfaction, settlement,
release, and discharge of and in exchange for Mr. Fisher's
Unsecured Claims against Mr. Loomis, Mr. Fisher will receive
$100,000 in one lump-sum cash payment on account of his Allowed
Unsecured Claims against Mr. Loomis; provided, however, that this
payment must be made no later than 60 days following the Effective
Date.

Class 8 Unsecured Inter-debtor Claims -- estimated at $22,609 --
are unimpared by the Plan.  On the Effective Date, except to the
extent that a holder of an Unsecured Inter-debtor Claim agrees to a
less favorable treatment, in full and final satisfaction,
settlement, release, and discharge of and in exchange for each
Allowed Unsecured Inter-debtor Claim, each holder of an Allowed
Unsecured Inter-debtor Claim will receive payment in full in Cash
on account of claim.

The Reorganized Debtors will fund distributions under the Plan as
follows:

     1. Cash On Hand.  All cash consideration necessary for the
        Reorganized Debtors to make payments or distributions to
        Classes 1, 3, 4, 6, and 8 pursuant to the Plan will be
        obtained from the Debtors' other cash on hand, including
        cash derived from business operations;

     2. EFI Exit Facility.  On the Effective Date, EFI will enter
        into the Exit Facility.  Confirmation will be deemed
        approval of the Exit Facility, the transactions
        contemplated thereby, and all actions to be taken,
        undertakings to be made, and obligations to be incurred by

        EFI in connection therewith.  EFI is authorized to execute

        and deliver those documents necessary or appropriate to
        obtain the Exit Facility, including the Exit Facility
        Documents, without further notice to or order of the
        Court, act or action under applicable law, regulation,
        order, or rule or vote, consent, authorization, or
        approval of any Person, subject to modifications as EFI
        and the Exit Facility Lender may deem to be necessary to
        consummate the Exit Facility.  Proceeds of the Exit
        Facility will be used to satisfy Mr. Fisher's Class 5
        Unsecured Claims against EFI;

     3. Reinstatement.  On the Effective Date, the Reorganized
        Debtors will enter into such agreements as may be
        necessary to facilitate reinstatement of all Allowed Class

        2 Secured Claims and Allowed Class 7 Secured Interdebtor
        Claims.

A hearing to consider the approval of the Disclosure Statement is
scheduled for April 7, 2017, at 10:00 a.m. Central Time.

The Disclosure Statement is available at:

           http://bankrupt.com/misc/wiwb17-10315-86.pdf

                    About Enzyme Formulations

Enzyme Formulations, Inc., based in Madison, WI, filed a Chapter 11
petition (Bankr. W.D. Wis. Case No. 17-10315) on Feb. 3, 2017.  The
Hon. Catherine J. Furay presides over the case. Matthew D. Lee,
Esq., at Foley & Lardner LLP, as bankruptcy counsel.

In its petition, the Debtor estimated $1 million to $10 million in
both assets and liabilities.  The petition was signed by Howard F.
Loomis, Jr., president.


ESPRESSO DREAM: Unsecureds to Get 8% Under Liquidating Plan
-----------------------------------------------------------
Espresso Dream LLC filed with the U.S. Bankruptcy Court for the
Southern District of New York a disclosure statement referring to
the Debtor's Chapter 11 liquidating plan dated Feb. 16, 2017.

Holders of Class 2 Allowed General Unsecured Claims will share in a
distribution on a pro rata basis of the remaining monies in the
plan distribution fund, up to 100%, after payment of all
unclassified and Class 1 Claims and the post confirmation date
reserve, in full and final satisfaction of its Class 2 Claims as
against the Debtor.  The Debtor estimates Class 2 Claims at
$480,000, with an estimated, approximate 8% pro rata distribution.
Class 2 Claims are impaired under the Plan and are allowed to vote
on the Plan.

The Plan will be funded with the sale proceeds, which will be the
primary source, as well as cash on hand, proceeds from the sale of
the Debtor's remaining equipment, and estate causes of action.  The
assets will constitute the plan distribution fund, which will be
held pursuant to Section 345 of the Bankruptcy Code and ultimately
distributed by DelBello Donnellan Weingarten Wise & Wiederkehr,
LLP, in accordance with the terms of the Plan.

The Disclosure Statement is available at:

         http://bankrupt.com/misc/nysb16-12749-99.pdf

                    About Espresso Dream

Espresso Dream LLC filed a Chapter 11 petition (Bankr. S.D. N.Y.
Case No. 16-12749) on Sept. 30, 2016, and is represented by
Jonathan S. Pasternak, Esq., and Julie Cvek Curley, Esq., at
DelBello Donnellan Weingarten Wise & Wiederkehr, LLP.  The petition
was signed by Moshe Maman, manager.  At the time of filing, the
Debtor had $1 million to $10 million in estimated assets and
$500,000 to $1 million in estimated liabilities.


ESSEX CONSTRUCTION: DOJ Watchdog Directed to Appoint Ch. 11 Trustee
-------------------------------------------------------------------
Judge Thomas J. Catliota of the U.S. Bankruptcy Court for the
District of Maryland entered an Order directing the United States
Trustee to appoint a Chapter 11 Trustee for Essex Construction,
LLC.

The Consent Order was made pursuant to the United States Trustee's
Motion to Appoint Chapter 11 Trustee or, in the alternative, to
Convert Case to Chapter 7 and the Debtor's consent to the
appointment of a Chapter 11 Trustee.

As previously reported by The  Troubled Company Reporter, the
United States Trustee for Region 4, said the Debtor has a conflict
of interest in that, under the direction of its President, Roger
Blunt, the Debtor transferred to Roger Blunt $125,000 within two
weeks of filing the bankruptcy case, and more than $300,000 within
90 days of the bankruptcy case.  Further, the Debtor, under the
direction of its President, cannot and will not investigate
properly the payments made as possible preferences and/or
fraudulent conveyances.

The U.S. Trustee asserts that the Chapter 11 Trustee is necessary
to investigate the Debtor's transfer of more than $300,000 to Mr.
Blunt.

Moreover, if the Court determines that the appointment of a
Chapter
11 Trustee is not in the best interest of the Creditors, the
United
States Trustee asks that the Court convert the case to Chapter 7.

The Debtor is represented by:

     Kim Y. Johnson, Esq.
     LAW OFFICE OF KIM Y. JOHNSON
     P.O. Box 277
     Cheltenham, MD 20623-0277
     Phone: (443) 838-3614
     Fax: (301) 782-4686
     Email: kimyjcounsel@aol.com

           About Essex Construction

Essex Construction, LLC filed a Chapter 11 petition (Bankr. D. Md.
Case No. 16-24661), on November 4, 2016. The petition was signed by
Roger R. Blunt, president and chief executive officer.  The case is
assigned to Judge Thomas J. Catliota. At the time of filing, the
Debtor estimated assets to be less than $50,000 and liabilities at
$1 million to $10 million.

The Debtor's bankruptcy counsel is Kim Y. Johnson, at the Law
Offices of Kim Y. Johnson, and N. William Jarvis, Esq., serves as
its general counsel.

The Debtor employs Robert Wrightson as executive vice president;
Marc Hunter as executive assistant to the President and CEO; Mr.
Curtis Bowers as marketing director; and BradyRenner and Company,
LLC as accountant.

The Office of the U.S. Trustee on Dec. 12, 2016, disclosed in a
court filing that no official committee of unsecured creditors has
been appointed in the Chapter 11 case of Essex Construction, LLC.


EUGENE BOYLE: Sale Grosse Pointe Shores Property for $975K Approved
-------------------------------------------------------------------
Judge Mark A. Randon of the U.S. Bankruptcy Court for the Eastern
District of Michigan authorized Eugene H. Boyle Jr.'s sale of real
property located at 737 Lake Shore Rd., Grosse Pointe Shores,
Michigan, to Jeffery P. Torrice for $975,000.

The sale is free and clear of any interests.

The title company for the closing is set forth in the Purchase
Agreement and the Debtor is authorized to pay the title company for
its services, subject to the written consent of the Debtor and
Catherine Metry Boyle to the final closing statement, without
further approval of the Court.

Should the purchaser identified in the Purchase Agreement fail to
close, then the Debtor may substitute a new purchaser on the same
terms as the Purchase Agreement, or upon different terms, subject
to the written consent of each Seller.

The title company identified in the Purchase Agreement will accept
the Order as evidence that the Debtor is authorized to close a sale
with the purchaser identified in the Purchase Agreement, or such
other purchaser based solely on the Sellers' representations as to
the identity of the proper purchaser.

The Debtor is authorized to pay the reasonable, usual, and standard
closing costs associated with the sale of the Real Property.

At closing, the sale proceeds will be distributed as follows:

    a. Payment to First State Bank, in full, for its lien on the
Real Property;

    b. Payment of any of the following: transfer taxes, title work,
unpaid property taxes, unpaid water bills, real estate agent
commission, and such other charges agreed upon by Sellers on the
final closing statement;

    c. Payment to the Village of Grosse Pointe Shores, in full, for
its tax liens on the Real Property;

    d. Payment to Babak and Sara Seidarabi, in full, for their lien
on the Real Property.

All remaining proceeds of the sale of the Real Property will be
held in escrow by the title company, or such other third party
mutually agreed upon by the Sellers at or prior to closing, pending
the entry of a final order authorizing the distribution of the
Escrowed Proceeds by the Court.  The attorneys' liens, if any, of
Mr. Urso, Ms. Tobin and Ms. Rubin ("Attorneys' Lien Claims") are
preserved to the same extent, validity and priority as they existed
on the Real Property on the Petition Date, and will attach to the
Escrowed Proceeds.

The Debtor will file a report of the sale of the Real Property
within 5 days of the closing.  The holders of Attorney Lien Claims
will be obligated to file a proof of claim within 10 days of the
filing of the report of sale.  The Debtor, Mrs. Boyle and the
holders of Attorney Lien Claims reserve the right to object to any
Attorney Lien Claims but must do so within 14 days after the claim
has been filed.  If no objection to an Attorney Lien Claim is
timely filed, the Escrowed Proceeds will be distributed within 3
days without further order of the Court.

Any issues not addressed by the Order regarding the extent,
validity, priority, or enforceability of any interests against the
Real Property with respect to the Escrowed Proceeds will be
determined by this Court at a later date.

The 14-day stay provided for in Rule 6004(h) of the Federal Rules
of Bankruptcy Procedure will have no effect with respect to the
sale, and the order is effective and enforceable immediately upon
entry.

                     About Eugene H. Boyle, Jr.

Eugene H. Boyle, Jr., sought Chapter 11 protection (Bankr. E.D.
Mich. Case No. 17-40376) on Jan. 12, 2017.  The Debtor estimated
assets in the range of $500,001 to $1 million
and $1,000,001 to $10 million in debt.  The Debtor tapped David G.
Dragich, Esq., at The Dragich Law Firm PLLC as counsel.


EVANS & SUTHERLAND: Posts $1.7 Million Net Income as of Dec 31
--------------------------------------------------------------
Evans & Sutherland Computer Corporation filed with the Securities
and Exchange Commission its annual report on Form 10-K disclosing a
net income of $1.7 million on $32.9 million sales for the year
ended December 31, 2016, compared with a net loss of $1.2 million
on $35.2 million sales for the year ended December 31, 2016.

As of Dec. 31, 2016, Evans & Sutherland Computer Corporation had
$26.2 million in total assets, $24.6 million in total liabilities
and $1.5 million in total stockholder's equity.

The year ended 2016 produced healthy sales and gross profit down
slightly from 2015. The continued healthy sales and gross profit
were attributable to strong sales bookings in 2014 through 2016.
The sales backlog remained healthy at the end of 2016 which
supports an encouraging outlook for 2017. Operating expenses
decreased from $13,037 in 2015 to $9,721 in 2016; however, both
2015 and 2016 included certain expenses that are considered to be
unusual and non-recurring.  With the exception of the pension
settlement expense in 2015 and the severance expense in 2016, the
Company's operating expenses in 2016 were comparable to 2015.  The
Company believes this illustrates the profit potential of its
business without the burden of the Pension Plan. With a leaner
executive leadership team and the healthy backlog and sales
prospects, the Company's anticipates sales at levels that are
expected to yield profitable results in 2017.

The Comapny intends to continue to aggressively pursue
opportunities in the digital theater and other markets served by
its products, as well as the development and improvement of new
innovative products such as Digistar for planetarium theaters.

The Company expects variable but reasonably consistent future sales
and gross profits from its current product line at annual levels
sufficient to cover or exceed operating expenses and meet its
obligations including its annual obligation to the Pension Benefit
Guaranty Corporation related to the termination of its qualified
defined benefit pension plan in 2015.  Although the Company
reported a net loss for 2015 due to the pension settlement charge
of $3,620, the pension settlement contributed $31,776 to
comprehensive income bringing 2015 total comprehensive income to
$29,946. The 2015 total comprehensive income combined with
profitable results in 2016 eliminated its stockholders' deficit,
which was $30,703 as of December 31, 2014, creating stockholders'
equity of $1,597 as of December 31, 2016. As the Company continues
to move forward, it expects its improved financial position to
present opportunities for better results through the availability
of credit and stronger qualification for customer projects.

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

                           https://is.gd/pMOx4P

                         About Evans & Sutherland

Salt Lake City, Utah-based Evans & Sutherland Computer Corporation
in conjunction with its wholly owned subsidiary, Spitz Inc.,
creates innovative digital planetarium systems and cutting-edge,
full-dome show content.  E&S has developed Digistar 5, the world's
leading digital planetarium with full-dome video playback,
real-time computer graphics, and a complete 3D digital astronomy
package fully integrated into a single theater system.  This
technology allows audiences to be immersed in full-color, 3D
computer-generated interactive worlds.  As a full-service system
provider, E&S also offers Spitz domes, hybrid planetarium systems
integrated with Digistar and a full range of theater systems from
audio and lighting to theater automation.  E&S markets include
planetariums, science centers, themed attraction venues, and
premium large-format theaters.  E&S products have been installed in
over 1,300 theaters worldwide.

Evans & Sutherland reported a net loss of $1.27 million on $35.3
million of sales for the year ended Dec. 31, 2015, compared to a
net loss of $1.30 million on $26.5 million of sales for the year
ended Dec. 31, 2014.

As of Sept. 30, 2016, Evans & Sutherland had $24.67 million in
total assets, $25.37 million in total liabilities and a total
stockholders' deficit of $693,000.


EXACT PLUMBING: Plan Confirmation Hearing on April 12
-----------------------------------------------------
The Hon. Roberta A. Colton of the U.S. Bankruptcy Court for the
Middle District of Florida has conditionally approved Exact
Plumbing Inc.'s disclosure statement and plan of reorganization.

An evidentiary hearing will be held on April 12, 2017, at 11:00
a.m. to consider the final approval of the Disclosure Statement and
plan confirmation.

Objections to the Disclosure Statement and plan confirmation must
be filed no later than seven days before the date of the
Confirmation Hearing.

Creditors and other parties-in-interest will file with the clerk
their written acceptances or rejections of the Plan (ballots) no
later than seven days before the date of the Confirmation
Hearing.

The Debtor will file a ballot tabulation no later than four days
before the date of the Confirmation Hearing.

All creditors and parties in interest that assert a claim against
the Debtor which arose after the filing of this case, including all
attorneys, accountants, auctioneers, appraisers, and other
professionals for compensation from the estate of the Debtor must
file applications for the allowance of the claims with the Court
allowing at least 21 days notice time prior to the date of the
Confirmation Hearing.

An election pursuant to 11 U.S.C. Section 1111(b) must be filed no
later than seven days before the date of the Confirmation Hearing.

                  About Exact Plumbing

Exact Plumbing, Inc. dba Exact Plumbing LLC filed a Chapter 11
bankruptcy petition (Bankr. M.D. Fla. Case No. 16-07991) on
December 9, 2016.  The Petition was signed by Jason S. Turner,
President.  At the time of filing, the Debtor estimated assets at
$100,000 to $500,000 and liabilities at $500,000 to $1 million in
estimated liabilities.

The Debtor is represented by Taylor J. King, Esq., at the Law
Offices of Mickler & Mickler.  The Debtor hired William G Haeberle
CPA LLC as accountant.


EXCO RESOURCES: Issues $300 Million Senior Notes Due 2022
---------------------------------------------------------
EXCO Resources, Inc., announced a series of transactions that will
significantly improve its capital structure, including the issuance
of $300 million in aggregate principal amount of senior secured 1.5
lien notes due March 20, 2022, and the exchange of approximately
$683 million of senior secured second lien term loans due Oct. 26,
2020, for a like amount of senior secured 1.75 lien term loans due
Oct. 26, 2020.  The 1.5 Lien Notes were issued to affiliates of
Fairfax Financial Holdings Limited, Energy Strategic Advisory
Services, LLC, Oaktree Capital Management, LP and an unaffiliated
investor.  The proceeds from the issuance of the 1.5 Lien Notes
were utilized for the repayment of the entire amount outstanding
under EXCO's credit agreement, transaction fees and expenses, and
general corporate purposes.  In connection with these transactions,
the Credit Agreement was amended to reduce the borrowing base to
$150 million, permit the issuance of the 1.5 Lien Notes and the
1.75 Lien Term Loans, and modify certain financial covenants.

Harold L. Hickey, EXCO's chief executive officer and president,
commented, "We appreciate the continued support and confidence from
our investors that participated in these transactions.  The option
to pay interest in-kind in lieu of cash gives us the opportunity to
invest cash in the business to create value for our shareholders.
We will continue our disciplined approach to the allocation of
capital through our process of prioritizing opportunities based on
a profitability index.  This capital is currently being put to work
on certain locations in the Haynesville shale that are estimated to
generate rates of return in excess of 100% based on year end 2016
futures prices.  We are developing our long-term plans to
incorporate the outcome of these financing transactions, and we're
excited to deploy this capital towards the 850 gross (280 net)
operated locations in our portfolio with rates of return in excess
of 25%.  In addition, our portfolio contains further upside
including non-operated locations and operated locations that could
generate attractive rates of return through technological advances
or improved prices.  These transactions also provide flexibility to
pursue additional liability management initiatives such as the
issuance of equity in exchange for indebtedness, repurchase of
indebtedness and asset divestitures."

The terms of the transactions are outlined below:

Issuance of 1.5 Lien Notes

   * Issued at par;

   * Maturity date of March 20, 2022;

   * Interest is payable in cash at a rate of 8% per annum, or at
     EXCO's option, payable in EXCO's common shares or additional
     1.5 Lien Notes at a rate of 11% per annum, subject to certain
     limitations.  Interest is payable bi-annually beginning on
     Sept. 20, 2017;

   * Investors were issued warrants to purchase an aggregate of
     approximately 323 million of EXCO's common shares with an
     exercise price of $0.93 per share; and

   * Investors were issued, at their election, either: (a)
     warrants to purchase EXCO's common shares at an exercise
     price of $0.01 or (b) cash.  This resulted in the payment of
     approximately $4 million in cash and the issuance of an
     aggregate of approximately 6 million Commitment Fee Warrants.

Exchange Transactions; 1.75 Lien Term Loans

   * An aggregate of approximately $683 million principal amount
     of the Second Lien Term Loans was exchanged for an aggregate
     of approximately $683 million principal amount of 1.75 Lien
     Term Loans.  Approximately $17 million in aggregate principal
     amount of the Second Lien Term Loans remain outstanding
     subsequent to the exchange transactions;

   * The 1.75 Lien Term Loans contain similar terms as the Second
     Lien Term Loans with appropriate modifications to accommodate
     the financing transactions;

   * The Second Lien Terms Loans were amended, with the consent of

     the exchanging lenders, to permit the issuance of the 1.5
     Lien Notes and 1.75 Lien Term Loans, and eliminate
     substantially all of the covenants and events of default;

   * Interest is payable on the 1.75 Lien Term Loans in cash at a
     rate of 12.5% per annum, or at EXCO's option, payable in
     EXCO's common shares or additional 1.75 Lien Term Loans at a
     rate of 15% per annum, subject to certain limitations; and

   * Exchanging lenders were issued, at their election, either:
    (a) warrants to purchase the Company's common shares at an
     exercise price of $0.01 or (b) cash.  This resulted in the
     payment of approximately $9 million in cash and the issuance
     of an aggregate of approximately 20 million Amendment Fee
     Warrants.

The exercisability of the warrants and EXCO's ability to pay
interest in common shares is restricted until the requisite
shareholder approvals are obtained to permit the issuance of such
common shares.  The Company will also seek approval to amend its
charter to increase the number of shares authorized for issuance or
to effect a reverse stock split, without a proportionate reduction
of authorized shares, at the discretion of the Board of Directors.
If requisite shareholder approval is not obtained by Sept. 30,
2017, subject to certain extensions, the interest rate payable in
cash on the 1.5 Lien Notes will increase to 15% per annum and the
interest rate payable in common shares or additional indebtedness
will increase to 20% per annum.  EXCO intends to seek approval for
these transactions within such period.  Upon receipt of shareholder
approval, EXCO may elect to pay interest on the 1.5 Lien Notes and
1.75 Lien Term Loans in common shares at its sole discretion until
Dec. 31, 2018.  The Company may be required to pay a portion or all
of the interest in cash if it meets certain specified liquidity
thresholds subsequent to Dec. 31, 2018.  The amount of interest
paid through the issuance of additional indebtedness on the 1.5
Lien Notes and 1.75 Lien Term Loans is subject to incurrence
covenants within certain of the Company's debt agreements that
limit aggregate secured indebtedness to $1.2 billion.

Additional information about the transactions is available in a
Form 8-K filed by the Company in connection with the transactions,
a full-text copy of which is available for free at:

                   https://is.gd/SvcxLS

Affiliates of Fairfax purchased approximately $151 million
aggregate principal amount of the 1.5 Lien Notes and exchanged
approximately $412 million aggregate principal amount of the Second
Lien Term Loans for a like amount of the 1.75 Lien Term Loans.
Affiliates of Fairfax are current beneficial owners of 9.9% of
EXCO's common shares.  Samuel A. Mitchell, a member of EXCO's Board
of Directors, is a managing director of Hamblin Watsa Investment
Counsel Ltd., the investment manager of Fairfax and certain
affiliates thereof.

ESAS purchased approximately $70 million aggregate principal amount
of the 1.5 Lien Notes and exchanged approximately $48 million
aggregate principal amount of the Second Lien Term Loans for a like
amount of the 1.75 Lien Term Loans.  ESAS is owned by Bluescape
Energy Recapitalization and Restructuring Fund III LP, which is
directed by its general partner, Bluescape Energy Partners III GP
LLC, and is the current beneficial owner 6.6% of EXCO's common
shares.  Mr. Charles John Wilder, the executive chairman of EXCO's
Board of Directors, serves as the sole manager of Bluescape and has
the power to direct the affairs of Bluescape.

Affiliates of Oaktree purchased approximately $40 million aggregate
principal amount of the 1.5 Lien Notes.  Affiliates of Oaktree are
the current beneficial owners of 11.0% of EXCO's common shares, and
B. James Ford, a member of EXCO's Board of Directors, serves as a
Senior Adviser of Oaktree.

These transactions were approved by a special committee of the
Board of Directors consisting of the sole disinterested member of
the Board of Directors.  The Board of Directors authorized and
approved the transactions based on the recommendation of the
special committee.

Financial Impact of Transactions

EXCO anticipates the transactions will enhance its capital
structure, provide the optionality to improve future cash flows and
establish structural liquidity to implement its business plan. The
financial impact of the transactions includes the following:

   * Increased pro forma liquidity by $116 million;

   * Provides EXCO the optionality to reduce cash interest
     payments up to $109 million per year through the issuance of
     common shares or additional indebtedness (based on the
     assumption that all interest is paid in common shares or
     additional indebtedness); and

   * Extends weighted average debt maturity from 3.0 years to 3.9
     years.

EXCO plans to pursue additional transactions to improve its capital
structure and liquidity, including the issuance of equity in
exchange for indebtedness, repurchase of indebtedness or
divestitures of assets.  The Company is currently evaluating the
potential sale of its oil and natural gas properties in South
Texas.

Credit Suisse Securities (USA) LLC served as sole placement agent
and bookrunner to the Company on the 1.5 Lien Notes and debt
adviser to the Company on the exchange transactions.  Kirkland &
Ellis LLP and Haynes and Boone, LLP served as legal advisers to the
Company.

                          About EXCO

EXCO Resources, Inc. is an oil and natural gas exploration,
exploitation, acquisition, development and production company
headquartered in Dallas, Texas with principal operations in Texas,
Louisiana and Appalachia.

Additional information about EXCO Resources, Inc. may be obtained
by contacting Tyler Farquharson, EXCO's Vice President of Strategic
Planning, acting Chief Financial Officer and Treasurer, at EXCO's
headquarters, 12377 Merit Drive, Suite 1700, Dallas, TX 75251,
telephone number (214) 368-2084, or by visiting EXCO's Web site at
http://www.excoresources.com/          

As of Sept. 30, 2016, the Company had $685.99 million in total
assets, $1.52 billion in total liabilities and a total
shareholders' deficit of $837.59 million.

EXCO Resources reported a net loss of $1.19 billion for the year
ended Dec. 31, 2015, following net income of $120.7 million for the
year ended Dec. 31, 2014.

"We have recently experienced losses as a result of the recent
decline in oil and natural gas prices, and, as of December 31,
2015, we had negative shareholders' equity of $662.3 million, which
means that our total liabilities exceeded our total assets. We may
not be able to return to profitability in the near future, or at
all, and the continuing existence of negative shareholders' equity
may limit our ability to obtain future debt or equity financing or
to pay future dividends or other distributions.  If we are unable
to obtain financing in the future, it could have a negative effect
on our operations and our liquidity," the Company stated in its
annual report for the year ended Dec. 31, 2015.

                           *    *    *

As reported by the TCR on Oct. 19, 2016, S&P Global Ratings raised
its corporate credit rating on EXCO Resources Inc. to 'CCC+' from
'SD' (selective default).  The outlook is negative.  "The rating
action follows our review of EXCO's capital structure and liquidity
position following recent debt repurchases, and our expectations
for future restructuring actions," said S&P Global credit analyst
Christine Besset.

The TCR reported in December 2016 that Moody's Investors Service
downgraded EXCO Resources' (XCO) Corporate Family Rating to 'Ca'
from 'Caa2'.  "XCO's downgrade reflects its eroded liquidity
position which is insufficient to fully fund development
expenditures at the level required to stem ongoing production
declines," commented Andrew Brooks, Moody's vice president.
"Absent an injection of additional liquidity, the source of which
is not readily identifiable, EXCO could face going concern risk as
it confronts an unsustainable capital structure."


FOLTS HOME: HomeLife Can Use Cash Collateral Through March 31
-------------------------------------------------------------
Judge Diane Davis of the U.S. Bankruptcy Court for the Northern
District of New York authorized Folts Home and its affiliate,
through their Receivers HomeLife at Folts, LLC and HomeLife at
Folts-Claxton, LLC, to use cash collateral on an interim basis.

HomeLife, on behalf of the Debtors, is authorized to use cash
collateral in accordance with the Budget.  The approved Budget for
the period from Feb. 16, 2017 through March 31, 2017 reflects total
operating expenses of approximately $820,000 for Foits Home and
$91,000 for Folts Adult Home.

Prepetition Secured Creditors HUD, the IRS and DOH assert claims in
the Debtors' Prepetition Collateral.

HUD, the IRS and DOH were granted perfected rollover security
interests in and valid, binding, enforceable and perfected liens on
all postpetition collateral in accordance with their relative
extent and priority.

The Debtors' and HomeLife's authorization to use cash collateral
will cease after the date upon which any of these events occurs:

      (a) the Debtors' or HomeLife's failure to comply with any of
the terms or provisions of the Order, and the failure of the
Debtors or HomeLife to cure such breach;

      (b) any stay, reversal, vacatur or rescission of the terms of
the Order;

      (c) entry of an order by the Court or any other Court having
jurisdiction over the Debtors' Chapter 11 Cases approving any
post-petition financing;

      (d) entry of an order by the Court dismissing either of the
Debtors' Chapter 11 Cases or converting either of the Debtors'
Chapter 11 Cases to a case under chapter 7 of the Bankruptcy Code;

      (e) the appointment of a trustee or the appointment of an
examiner with enlarged powers in any of the Debtors' Chapter 11
Cases unless such appointment is approved by HUD, the IRS and DOH;
or

      (f) any liens pursuant to the Prepetition Loan Documents or
Adequate Protection Rollover Liens with respect to the Prepetition
Collateral or Postpetition Collateral that were valid, binding and
perfected, priority liens on the Petition Date or any liens granted
pursuant to the Order will cease to be valid, binding and
perfected, first priority liens.

A final hearing on the continued use of cash collateral will be
held on March 28, 2017 at 9:30 a.m. Any objections or responses to
the continued use of cash collateral will be filed and served no
later than March 21, 2017.

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

                                  About Folts Home

Folts Home is a New York not-for-profit corporation and the owner
of a 163-bed long-term residential health care and rehabilitation
facility located at 100-122 North Washington Street, Herkimer, New
York. In addition to long-term skilled nursing and residential
care, Folts Home provides memory care to residents with dementia,
palliative care and respite care and operates an adult day care
program. Folts Home also offers rehabilitation services, such as
physical, occupational and speech therapy, on both inpatient and
out-patient bases. Currently, Folts Home has approximately 218
active employees. Approximately 124 of the employees are full-time,
60 are part-time and 34 employees are employed on a per diem basis.
None of Folts Home's employees are represented by labor unions.

Folts Adult Home, Inc. ("FAH"), also known as Folts-Claxton, is a
New York not-for-profit corporation and the owner of an 80-bed
adult residential center that was constructed in 1998 and is
located at 104 North Washington Street, Herkimer, New York. FAH
residents reside in separate apartments and are provided services
such as daily meals, laundry, housekeeping and medication
assistance. FAH has approximately 22 active employees.
Approximately 12 are full-time employees and 10 are part-time
employees. None of FAH's employees are represented by labor
unions.

Folts Home and FAH currently have average daily censuses of 145 and
69, respectively. Folts Home has 3 major payors: Medicare, Medicaid
and Excellus/Blue Cross. The majority of FAH residents are
government subsidized, with 58% covered by Social Security
Insurance and 42% private pay.

Folts Home and Folts Adult Home, Inc. filed separate, voluntary
petitions for relief under Chapter 11 of the Bankruptcy Code
(Bankr. N.D. N.Y. Case Nos. 17-60139 and 17-60140, respectively) on
February 16, 2017. The Chapter 11 Cases are being jointly
administered under Bankruptcy Rule 1015(b) pursuant to an order of
the Court.

Folts Home and Folts Adult Home, Inc., through duly-appointed
receivers HomeLife at Folts, LLC and HomeLife at Folts-Claxton,
LLC, continue to operate their skilled nursing home and adult
residence businesses, respectively, and manage their properties as
debtors in possession.

William K. Harrington, the U.S. Trustee for Region 2, appointed
Krystal Wheatley as the Patient Care Ombudsman for the Debtors.


FPMC AUSTIN: NRG's Bid for Substantial Contribution Award Denied
----------------------------------------------------------------
Judge Tony M. Davis of the United States Bankruptcy Court for the
Western District of Texas, Austin Division, denied the application
filed by the Neil Richards Group, LLC, for a substantial
contribution award in the case captioned IN RE: FPMC AUSTIN REALTY
PARTNERS, LP, DEBTOR, CASE NO. 16-10020-TMD (Bankr. W.D. Tex.).

FPMC Austin Realty Partners, LP, a Texas limited partnership, owned
a short-term acute care hospital and medical office building,
together with a 445 stall adjacent parking garage and various
pieces of personal property.  The property was advertised as "one
of the most desirable locations in Texas."

Neal Richards Development Group Austin Development, LLC (the
"General Partner") is the general partner of FPMC Austin, and paid
$100 for its general partnership interest.  The General Partner
also has five managers: (1) Todd Furniss; (2) Dr. David Genecov;
(3) Dr. Robert Wyatt; (4) Dr. Wade Barker; and (5) Mary Hatcher.

The managing member of the General Partner is NRG.  NRG is also a
creditor of FPMC Austin.  One of NRG's managers, Mr. Furniss, is
the founder, CEO, and managing partner of glendonTodd, a private
equity fund.  Mr. Furniss is also the acting CEO of NRG.

FPMC Austin has 80 limited partners.

What seems clear from the emails, the testimony, and the chronology
of events is that (i) Mr. Furniss was discharging the duties of the
debtor in possession in the case; (ii) everyone believed he was in
control of FPMC Austin; and (iii) he was in fact in control of FPMC
Austin, notwithstanding that the General Partner had four other
managers.

Before the petition date, the property did not have a paying tenant
and was not generating any revenue, thus complicating any potential
sale of the property.  Immediately after the petition date, Mr.
Furniss began contacting and soliciting offers from entities that
might be interested in purchasing the property.  Through the
efforts of Mr. Furniss, a sale price of $115 million was negotiated
for HCA's purchase of the property, but only if FPMC Austin agreed
to take the property off the market.  The motion to sell the
property was approved on May 17, 2016.

100% of secured creditors were paid in full, 100% of unsecured
creditors were paid in full, 100% of the equity owners received a
full return on their investment, and the equity holders will
receive approximately 1.47 times the money they invested in less
than three years (even after accounting for NRG's substantial
contribution expenses).

On June 29, 2016, glendonTodd submitted an invoice to NRG totaling
$2.875 million for "Services Rendered Per Agreement."  On July 26,
2016, NRG filed an application for a substantial contribution
award, attaching the $2.875 million invoice and a declaration by
Mr. Furniss in support.  24 of FPMC Austin's 80 limited partners
filed objections to NRG's application.

Judge Davis held that NRG did not carry its burden of showing that
the contribution was "substantial."  While the parties
appropriately provided evidence both on what glendonTodd did, as
well as on what resulted from those activities, Judge Davis found
that Mr. Furniss' efforts were neither extraordinary nor unusual.
Mr. Furniss testified that he did more than the brokers in that he
"identified potential purchasers. . . brought them into
conversations; [glendonTodd] did 100% of the negotiation; we
managed the process; we negotiated the purchase agreements and
closed the transaction."  Although there is no doubt that Mr.
Furniss engaged in these activities, and did so proficiently, the
judge found that these are all steps that are routine and expected
when pursuing and closing a sale.

Judge Davis also found that the expense of the fee sought by the
application is neither "actual" nor "necessary."  The judge noted
that NRG took the position that Mr. Furniss, glendonTodd and NRG
did not act with the intent to be paid for their services.

A full-text copy of Judge Davis' March 10, 2017 memorandum opinion
is available at:

           http://bankrupt.com/misc/txwb16-10020-287.pdf

                       About FPMC Austin

FPMC Austin Realty Partners, LP's primary asset is a medical campus
property commonly known as the Forrest Park Medical Center Hospital
and Medical Office Building located 8.5 acres on the south side of
SH 45 North between MoPac and I-35 in Round Rock, Texas
("property").

FPMC Austin Realty Partners filed a Chapter 11 bankruptcy petition
(Bankr. W.D. Tex. Case No. 16-10020) on Jan. 5, 2016.  The petition
was signed by Mary Hatcher as manager of NRG Austin Dev. LLC, its
general partner.  Judge Tony M. Davis has been assigned the case.

FPMC Austin estimated assets of $100 million to $500 million and
liabilities of $50 million to $100 million.

The Law Offices of Ray Battaglia, PLLC, is FPMC Austin's
counsel.


FREESEAS INC: LG Capital Holds 7.8% Equity Stake as of March 8
--------------------------------------------------------------
In an amended Schedule 13G filed with the Securities and Exchange
Commission, LG Capital Funding, LLC disclosed that as of March 8,
2017, it is the beneficial owner of 77,395 shares of common stock
of FreeSeas Inc, representing 7.800% of 992,240 outstanding shares
of Common Stock. A full-text copy of the regulatory filing is
available at:

                       https://is.gd/HXwSce

                       About FreeSeas Inc.

Headquartered in Athens, Greece, FreeSeas Inc., formerly known as
Adventure Holdings S.A., was incorporated in the Marshall Islands
on April 23, 2004, for the purpose of being the ultimate holding
company of ship-owning companies.  The management of FreeSeas'
vessels is performed by Free Bulkers S.A., a Marshall Islands
company that is controlled by Ion G. Varouxakis, the Company's
Chairman, President and CEO, and one of the Company's principal
shareholders.

The Company's fleet consists of six Handysize vessels and one
Handymax vessel that carry a variety of drybulk commodities,
including iron ore, grain and coal, which are referred to as "major
bulks," as well as bauxite, phosphate, fertilizers, steel products,
cement, sugar and rice, or "minor bulks."  As of
Oct. 12, 2012, the aggregate dwt of the Company's operational fleet
is approximately 197,200 dwt and the average age of its fleet is 15
years.

Freeseas reported a net loss of US$52.94 million on US$2.30 million
of operating revenues for the year ended Dec. 31, 2015, compared to
a net loss of US$12.68 million on US$3.77 million of operating
revenues for the year ended Dec. 31, 2014.  As of Dec. 31, 2015,
FreeSeas had US$18.71 million in total assets, US$35.47 million in
total liabilities and a total shareholders' deficit of US$16.76
million.

RBSM LLP, in 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 recurring operating
losses and has a working capital deficiency.  In addition, the
Company has failed to meet scheduled payment obligations under its
loan facilities and has not complied with certain covenants
included in its loan agreements and is in default in other
agreements with various counter parties.  Furthermore, the vast
majority of the Company's assets are considered to be highly
illiquid and if the Company were forced to liquidate, the amount
realized by the Company could be substantially lower that the
carrying value of these assets.  These conditions, among others,
raise substantial doubt about the Company's ability to continue as
a going concern.


FUNCTION(X) INC: Director Owns 73.57% Stake as of March 13
----------------------------------------------------------
In an amended Schedule 13D filed with the Securities and Exchange
Commission, Robert F.X. Sillerman declared that on March 13, 2017,
he beneficially owns 18,113,913 shares of common stock of
Function(x) Inc., representing 73.57% of total outstanding shares
of Common Stock.

This Amendment No. 15 to Schedule 13D is filed to report the
conversion of Series C Convertible Preferred Stock by entities
controlled by the Reporting Person into shares of the Company's
common stock.

On October 24, 2014, the Company and Sillerman Investment Company
III, LLC (SIC III), an entity owned and controlled by the Reporting
Person, entered into a Securities Purchase Agreement pursuant to
which SIC III agreed to purchase certain securities issued by the
Company for a total of $30,000,000.

In addition, on June 12, 2015, Sillerman Investment Company IV, LLC
(SIC IV), an entity owned and controlled by the Reporting Person,
agreed to provide a Line of Credit to the Company of up to
$10,000,000. As of December 3, 2015, there was $8,675,000 in
outstanding principal amount under the Line of Credit.

As previously reported in Amendment No. 11 to this Schedule 13D, on
December 3, 2015, the Company and SIC IV entered into a
Subscription Agreement pursuant to which SIC IV subscribed for
8,750,000 shares of the Company's common stock at a price of $0.47
per share.

On July 8, 2016, the Company and each of SIC III, SIC IV and SIC VI
entered into an Exchange Agreement pursuant to which, subject to
adjustment, (i) 3,000 shares of the Company's Series C Preferred
Stock owned by SIC III are to be exchanged for 17,817,950 shares of
the Company's common stock and (ii) all of the of debt held by
Sillerman, including the Note, the Line of Credit and the revolving
Notes is to be exchanged for 101,333,088 shares of Company common
stock.

The Exchange Agreement was entered to help increase the amount of
stockholders equity on the Company's balance sheet to help the
Company achieve minimum levels of stockholders equity as required
by NASDAQ.

On February 28, 2017, the Company and SIC III, SIC IV, and SIC VI
entered into a Second Amendment to Exchange Agreement, which
provided for pricing of the conversion shares at $2.34 per share.

Because Mr. Sillerman is a director, executive officer and greater
than 10% stockholder of the Company, a majority of the Company's
independent directors approved the transaction described in the
Exchange
Agreement.

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

                                    https://is.gd/lRKBHb

                                      About Function(x)Inc.

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

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

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

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


GENERAL WIRELESS: U.S. Trustee Forms 7-Member Committee
-------------------------------------------------------
The Office of the U.S. Trustee on March 17 appointed seven
creditors to serve on the official committee of unsecured creditors
in the Chapter 11 cases of General Wireless Operations Inc. and its
affiliates.

The committee members are:

     (1) Spectrum Brands, Inc.
         Attn: Don Osborne
         3001 Deming Way
         Middleton, WI 53562
         Phone: 608-275-4626.

     (2) Brightstar US, Inc.
         Attn: Rehan S. Haque, Esq.
         850 Technology Way
         Libertyville, IL 60048
         Phone: 847-573-2699.

     (3) ION America, LLC
         Attn: Chris Oatway
         513 South Lenola Road No. 208
         Moorestown, NJ 08057
         Phone: 856-439-6473

     (4) Weide Electronics Co., Ltd.
         Attn: Wei Wan Min
         c/o Brian Mittledorf
         14226 Ventura Blvd.
         Sherman Oaks, CA 91423
         Phone: 818-990-4800

     (5) Ideavillage Products Corp.
         Attn: David M. Epstein
         155 Route 46 West, 4th Floor
         Wayne, NJ 07470
         Phone: 973-826-8418

     (6) Protop International, Inc.
         10F-8, No. 237, Sec. 1, Datong Road
         Xizhi District, New Taipei City 22161
         Phone: +886-2-2647-192

     (7) Brixmor Property Group, Inc.
         450 Lexington Avenue, 13th Floor
         New York, NY 10017-3904
         Phone: 212-869-3000

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 General Wireless Operations

Based in Fort Worth, Texas, General Wireless Operations Inc., doing
business as RadioShack -- http://www.RadioShack.com -- operates a
chain of electronics stores. Its predecessor, RadioShack Corp.,
then with 4,000 locations, sought Chapter 11 protection (Bankr. D.
Del. Case No. 15-10197) in February 2015 and announced plans to
close underperforming stores. In March 2015, Standard General
affiliate General Wireless won court approval to purchase
RadioShack Corp.'s assets, gaining ownership of around 1,700
RadioShack locations. Two years later, General Wireless commenced
its own bankruptcy case, announcing plans to close 200 of 1,300
remaining stores.

General Wireless Operations Inc., and its affiliates based in Ft.
Worth, TX, filed a Chapter 11 petition (Bankr. D. Del. Lead Case
No. 17-10506) on March 8, 2017. Pepper Hamilton LLP, as counsel,
Jones Day as co-counsel, Prime Clerk, LLC as claims and noticing
agent, Loughlin Management Partners & Company, Inc.

In its petition, the Debtor estimated $100 million to $500 million
in both assets and liabilities. The petition was signed by Bradford
Tobin, SVP, general counsel.


GNC HOLDINGS: S&P Lowers CCR to 'BB-' on Operating Performance
--------------------------------------------------------------
S&P Global Ratings said that it lowered its corporate credit rating
on the Pittsburgh, Pa.-based vitamin and supplement retailer GNC
Holdings Inc. to 'BB-' from 'BB'.  S&P also removed all ratings
from CreditWatch, where they were placed with negative implications
on Feb. 17, 2017.  The ratings outlook is negative.

At the same time, S&P lowered its issue-level rating on the
company's senior secured debt facility to 'BB' from 'BB+'.  The '2'
recovery rating is unchanged and indicates S&P's expectation for
substantial recovery (70%- 90%, rounded estimate of 80%) of
principal in the event of a payment default or bankruptcy.

"The downgrade reflects our expectation for a continued decline in
comparable store sales and adjusted EBITDA margins falling to about
19%.  Our rating action also reflects our belief that the company
will continue to face competitive headwinds from mass merchants and
online vitamin retailers despite the changes in its business
model," said S&P Global credit analyst Mathew Christy.

Although S&P believes initiatives including updated product
pricing, sales associate training, and new product introductions
zay yield positive results, S&P also thinks the associated benefits
from these business model updates may take more than 12 months to
materialize.  In addition, S&P thinks the new pricing models
employed by GNC will lead to a sustained reduction in the company's
EBITDA margins as compared to historic results.  These factors lead
S&P to forecast weaker overall credit metrics than its prior
forecasts.

The negative rating outlook reflects at least a one-in-three chance
S&P could lower the corporate credit rating in the next 12 months.
S&P believes GNC continues to experience heightened competitive
pressures and see risk that the One New GNC business model may not
adequately lead to improved operating performance. S&P's base-case
forecast assumes credit protection measures will remain in the
high-3x to low-4x range as EBITDA declines are offset by debt
repayment with free cash flow.

S&P could lower the rating if the change in the company's business
model fails to generate customer interest and the magnitude of
comparable sales declines accelerate, which could lead S&P to
reassess the company's competitive standing.  Under such a
scenario, sales would likely fall at a high-single digit rate and
margins would decline by 100 bps or more versus S&P's 2017
projections, resulting in adjusted leverage sustained at a mid-4x
range or more with no meaningful debt repayment.  S&P could also
lower the rating if the company was unable to address its upcoming
debt maturities.

S&P could revise the outlook to stable if comparable-store sales
and customer traffic trends stabilize while the operating metrics
improve under its new business model.  Under such a scenario, S&P
would expect sales to be flat to up modestly and EBITDA margins of
20% or more, resulting in leverage of 3.5x or better and
FFO-to-debt approaching 20%.  S&P must also believe that improved
credit metrics remain sustainable to support the ratings.



GOING VENTURES: Has Interim Authority to Use Cash Collateral
------------------------------------------------------------
Judge Laurel M. Isicoff of the U.S. Bankruptcy Court for the
Southern District of Florida authorized Going Ventures, LLC, d/b/a
Going Aire, LLC, to use cash collateral through March 17, 2017.

The Debtor was authorized to use cash collateral to pay its gross
payroll, including taxes, etc., on March 10, 2017 and March 17,
2017 in strict compliance with the attached schedule.

Judge Isicoff ordered that if there would be insufficient cash, the
payroll of Mr. Brad Copeland will not be paid first.

The Debtor was allowed to pay for equipment or parts during the
time period covered in the Debtor's cash collateral use with a cap
of $10,000 if it believes it will be necessary to undertake a
project which would otherwise be lost. The Debtor, however, will
account for such payments and be prepared to provide that
accounting with documented support such as purchase orders and
receipts upon request.

A full-text copy of the Interim Order, dated March 14, 2017, is
available at https://is.gd/Kf1SyS

                       About Going Ventures, LLC

Going Ventures, LLC, d/b/a Going Aire, LLC, filed a Chapter 11
petition (Bankr. S.D. Fla. Case No. 17-12747) on March 7, 2017.
The petition was signed by Carl Bradley Copeland, manager. The case
is assigned to Judge Laurel M Isicoff.  The Debtor is represented
by David R. Softness, Esq. of David R. Softness, P.A.  At the time
of filing, the Debtor had total assets of $72,900 and total
liabilities of $1.01 million.  No trustee, examiner or statutory
committee has been appointed in the Debtor's Chapter 11 case.


GOLDEN BEARS: Wants Plan Filing Extended Through May 16
-------------------------------------------------------
Golden Bears 88, LLC, dba Veranda Apartments asks the U.S.
Bankruptcy Court for the Southern District of Mississippi to extend
the time by which it has the exclusive right to file a Chapter 11
plan through May 16, 2017.

Absent an extension, the Debtor's plan filing period was to expire
on March 17, 2017.

The Debtor says it does not seek the extension for purposes of
delay, but rather, to allow it an opportunity to fully formulate
and file its proposed Plan and Disclosure Statement.

                 About Golden Bears 88

Golden Bears 88, LLC dba Veranda Apartments, filed a Chapter 11
bankruptcy petition (Bankr. S.D. Miss. Case No. 16-03788) on
November 18, 2016, disclosing under $1 million in both assets and
liabilities. The Debtor is represented by J. Walter Newman, IV,
Esq., at Newman & Newman.


GROW CONDOS: Closes Acquisition of Lake Selmac Resort & RV Park
---------------------------------------------------------------
On March 7, 2017, Grow Condos, Inc., through its wholly-owned
subsidiary Smoke on the Water, Inc. executed a Real Estate Purchase
Agreement to acquire the Lake Selmac Resort located at 2700
Lakeshore Drive, Selma, Oregon.  The Company agreed to acquire the
property for a purchase price of $875,000 consisting of a seller
financing note in the amount of $625,000 and 50,000 shares of the
Company's common stock.

Located just 20 miles south of Grants Pass, Oregon and 2.5 miles
east of the Redwood Highway (Hwy. 199) in Selma, Oregon, Lake
Selmac Resort currently facilitates fishing, swimming, boating, and
in addition to RV parking, has tent camping and cabin locations
established for accommodation.

Because it's not yet permissible to recreationally smoke in
National and State Parks, it has been discovered that relaxed
marijuana laws are indeed a powerful motivator for tourists, which
creates a very lucrative niche opportunity for smaller, privately
owned properties that can offer the freedom of experiencing
Oregon's strikingly beautiful landscape while also allowing its
visitors to enjoy Oregon's 420 friendly privileges.

A full-text copy of the regulatory filing is available at:
https://is.gd/P0zRtR

                          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: Decides Not to Pay $13.7-Mil. Notes Interest
---------------------------------------------------------------
The board of directors of GulfMark Offshore, Inc. decided not to
pay on its due date the $13.7 million interest payment due March
15, 2017 on the Company's 6.375% senior notes due 2022 and, as
provided for in the indenture governing the Senior Notes, to enter
into the 30-day grace period to make such payment.  Failure to pay
this amount on March 15, 2017, would constitute an event of default
under the indenture governing the Senior Notes if the payment is
not made within 30 days of such date, which would result in a
cross-default under the senior secured, revolving multicurrency
credit facility among GulfMark Americas, Inc., as the borrower, the
Company, as guarantor, a group of financial institutions as the
lenders and The Royal Bank of Scotland plc, as agent for the
lenders, and the senior secured revolving credit facility among the
Company, as guarantor, GulfMark Rederi AS, as the borrower, and DNB
Bank ASA, a Norwegian bank, as lead arranger and lender, according
to a Form 8-K filed with the Securities and Exchange Commission.

                       About Gulfmark
  
GulfMark Offshore, Inc., a Delaware corporation, was incorporated
in 1996.  The Company provides offshore marine support and
transportation services primarily to companies involved in the
offshore exploration and production of oil and natural gas.  The
Company's vessels transport materials, supplies and personnel to
offshore facilities, and also move and position drilling and
production facilities.  The majority of the Company's operations
are conducted in the North Sea, offshore Southeast Asia and
offshore the Americas.  The Company currently operates a fleet of
73 owned or managed offshore supply vessels, or OSVs, in the
following regions: 30 vessels in the North Sea, 13 vessels offshore
Southeast Asia, and 30 vessels offshore the Americas.  The
Company's fleet is one of the world's youngest, largest and most
geographically balanced, high specification OSV fleets.  The
Company's owned vessels have an average age of approximately nine
years.

Gulfmark reported a net loss of $215 million in 2015 following net
income of $62.4 million in 2014.  As of Sept. 30, 2016, GulfMark
had $1.10 billion in total assets, $583.9 million in total
liabilities and $518.3 million in total stockholders' equity.

                          *     *     *

In January 2017, the TCR reported that S&P Global Ratings raised
its corporate credit rating on U.S.-based offshore service provider
GulfMark Offshore Inc. to 'CCC-' from 'CC'.  The rating outlook is
negative.  "The upgrade follows GulfMark Offshore's announcement on
Dec. 30, 2016, that it has terminated its tender offer to purchase
up to $300 million of its 6.375% senior unsecured notes due 2022 at
below par," said S&P Global Ratings' credit analyst Kevin Kwok.

In February 2016, that Moody's Investors Service downgraded
GulfMark Offshore's Corporate Family Rating (CFR) to 'Caa3' from
'B3', Probability of Default Rating (PDR) to 'Caa3-PD' from
'B3-PD', and senior unsecured notes to 'Ca' from 'Caa1'.


HAIMARK LINE: Unsecureds to Recover 40% Under Plan
--------------------------------------------------
Haimark Line Ltd. filed with the U.S. Bankruptcy Court for the
District of Colorado a second amended disclosure statement dated
March 8, 2017, for the Debtor's first amended Chapter 11 plan of
liquidation.

The Debtor no longer maintains ongoing business operations and has
resolved its dispute with Clipper Cruises, Ltd., pursuant to a
court-approved settlement agreement.  The Debtor's assets consist
primarily of (i) cash held in its operating account and (ii) rights
to residual cash held in Restricted Accounts, to which the Debtor
does not have access as of the date hereof.  Under the Plan, a Plan
Administrator will be appointed to review, analyze, and object to
claims, make Distributions to Creditors, and wind down the Estate.
The Plan Administrator will also liquidate the Debtor's rights in
the Restricted Accounts, to the extent funds have not been released
to the Debtor prior to the Effective Date.  All cash on hand and
cash that is released from the Restricted Accounts will be
distributed as set forth in the Plan.

Class 3 General Unsecured Claims are impaired by the Plan.  Holders
are expected to recover 25-40%.  Each holder of an Allowed Class 3
Claim will receive, in full and final satisfaction of allowed
claim, and subject to Section 5.03(b) below, its pro rata share of
cash held by the Estate after (i) payment on account of claims
specified in Article III of the Plan, (ii) payment on account of
allowed claims in Class 1 and Class 2, and (iii) satisfaction of
and reservation for any remaining expenses of the Estates,
including any Professional Fees and Post Effective Date Fees and
Expenses.  The timing and amount of distributions to holders of
Allowed Class 3 Claims will be made in the Plan Administrator's
discretion and will be subject to the reserve procedures for
disputed claims, as set forth in Section 5.03 of the Plan;
provided, however, that the Plan Administrator shall make an
initial interim distribution to holders of Allowed Class 3 Claims
within 60 days after the Effective Date or as soon thereafter as
practicable.

The Second Amended Disclosure Statement is available at:

          http://bankrupt.com/misc/cob15-22180-396.pdf

As reported by the Troubled Company Reporter on Jan. 5, 2017, the
Debtor filed a plan wherein unsecured creditors would be paid up to
60% of their claims.  That plan proposed to pay Class 3 general
unsecured creditors 40% to 60% of the total amount of their claims
allowed by the court, which is estimated at $2.1 million.

                       About Haimark Line

Haimark Line Ltd. sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. D. Colo. Case No. 15-22180) in Denver on
Oct. 30, 2015.  The petition was signed by Marcus Leskovar,
managing partner.  

The case is assigned to Judge Sidney B. Brooks.  The Debtor is
represented by Brownstein Hyatt Farber Schreck, LLP.

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

On Dec. 20, 2016, the Debtor filed a Chapter 11 plan of
liquidation, which proposes to pay general unsecured creditors 40%
to 60% of the total amount of their claims allowed by the Court.


HANCOCK FABRICS: Unsecureds to Recoup Up to 2.1% Under Plan
-----------------------------------------------------------
Hancock Fabrics, Inc. and its affiliated debtors filed with the
U.S. Bankruptcy Court for the District of Delaware a disclosure
statement dated March 8, 2017, for the Debtors' first amended Joint
Chapter 11 plan of liquidation filed on March 8, 2017.

General Unsecured Claims -- estimated at $100.0 - $109.3 million --
are impaired by the Plan.  Estimated distribution for this class is
$1.3 – $2.2 million.  Holders are expected to recover 1.3% -
2.1%.

Holders of General Unsecured Claims if allowed will receive a pro
rata share of the available assets.  The available assets are the
remaining assets and proceeds of assets after payment of or reserve
for senior claims and certain reserve amounts established under the
Plan for senior claims, and the administration and liquidation of
the Estates (including costs incurred after confirmation of the
Plan).  To the extent that any amounts remain in these funds after
the claims or costs they cover are satisfied, they will be
distributed according to the terms of the Plan.

A copy of the Disclosure Statement is available at:

          http://bankrupt.com/misc/deb16-10296-1486.pdf

As reported by the Troubled Company Reporter on Dec. 8, 2016, the
Debtors' disclosure statement provides that holders of General
Unsecured Claims, if allowed, would receive a pro rata share of the
available assets.  The available assets are the remaining assets
and proceeds of assets after payment of or reserve for senior
claims and certain reserve amounts established under the Plan for
senior claims, and the administration and liquidation of the
Estates (including costs incurred after confirmation of the Plan).
In the event that the Plan becomes effective, on and after the
Effective Date, the Estates would be liquidated in accordance with
the Plan, the Hancock Administrative Budget and applicable law, and
the operations of the Debtors would become the responsibility of
the Responsible Person who would thereafter have responsibility for
the management, control and operation thereof, and who may use,
acquire and dispose of property free of any restrictions of the
Bankruptcy Code or the Bankruptcy Rules.

                      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.


HAUBERT HOMES: Asks Court to Approve Disclosure Statement
---------------------------------------------------------
Haubert Homes, Inc., filed a motion asking the U.S. Bankruptcy
Court for the Middle District of Pennsylvania to approve its
disclosure statement referring to its plan of reorganization.

The Debtor requests that an order be entered setting the time for
the approval of the Disclosure Statement, providing for 28 days'
notice thereof.

The Debtor requests that following the approval by the Court of the
Disclosure Statement, that the hearing for the confirmation of the
Plan occur upon 28 days' notice thereof.

The Debtor also requests that there be included in such Order the
following:

-- That the Court fix a date not less than seven days after entry
of an Order approving the Disclosure Statement, for service of the
Order Approving Ballot Procedures and Fixing Time for Filing of
Acceptances or Rejections of the Plan.

-- To be effective, a ballot must be received on a date certain to
be set by the Court which date is to be set no less than 28 days
after service of the Disclosure Statement, Plan, and ballot.

-- That the same date fixed for ballots to be received by counsel
for the Debtor. That a date must also be fixed for the last day for
the filing of ballots setting forth a written acceptance or
rejection of the Plan. That a date also be fixed as the last day
for filing and serving written objections to the confirmation of
the Plan.

-- That the Debtor be required to file with the Court a tabulation
of ballots accepting or rejecting the Plan within five days after
the deadline for the receipt of ballots setting forth written
acceptances or rejections.

  -- That the Court fix a date for the hearing on the confirmation
of the Plan which date shall be as soon as practical after the last
date for the receipt of ballots, but not less than seven days after
such date.

Attorneys for the Debtor:

     Robert E. Chernicoff, Esq.
     CUNNINGHAM, CHERNICOFF
     & WARSHAWSKY, P.C.
     2320 North Second Street
     P. O. Box 60457
     Harrisburg, PA 17106-0457
     (717) 238-6570

                    About Haubert Homes

Haubert Homes, Inc. sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. M. D. Pa. Case No. 15-03340) on August 3,
2015.  The petition was signed by Don E. Haubert, Sr., president.

The case is assigned to Judge Mary D. France.

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


HEBREW HEALTH: Seeks Exclusivity Extension for One Week
-------------------------------------------------------
Hebrew Health Care, Inc., et al., ask the U.S. Bankruptcy Court for
the District of Connecticut to extend their exclusive periods for
one more week.  This is the Debtors' third request for exclusivity
extension.

As previously reported by The Troubled Company Reporter, Chief
Judge Julie A. Manning last extended the Debtors' exclusive plan
filing deadline to March 17, 2017, and the corresponding exclusive
plan solicitation deadline to May 15, 2017.

The Debtors inform the Court that until the day they determined it
was necessary to file this Motion, they were of the belief they
would be in a position to file a plan and disclosure statement by
the current exclusivity deadline of March 17, 2017.  However, in
connection with negotiations with TD Bank relative to the
restructuring of a mortgage on Debtor Hebrew Life Choices, Inc.
also known as Hoffman SummerWood Community (HLCI), it was
determined that the parties did not quite have a meeting of the
minds and additional time, albeit a short time, was needed to come
to a consensus and as resolution of same is necessary before a plan
of reorganization may be finalized.

The Debtors add that their achievements in chapter 11 support a
finding that "cause" exists for extending the Exclusivity Periods.

The Debtors continue to implement expenditure reductions, analyze
executory contracts and leases, and take the necessary steps toward
emerging from chapter 11.  The Debtors have also closed on the sale
of Hebrew Health Care, Inc.'s (HHHI) skilled nursing facility,
which an integral part of their ability to reorganize.

The Debtors are substantially current with their post-petition
obligations.  The Debtors have also made substantial progress with
respect to disputed claims, in many cases resolving and reconciling
claims and in other cases moving forward with objections.

               About Hebrew Health Care, Inc.

Hebrew Health Care, Inc. provides management, human resources and
payroll services to its three subsidiaries Hebrew Life Choices
Inc., Hebrew Community Services Inc., and Hebrew Home and
Hospital, Incorporated.  The three provides rehabilitation
services.

The Debtors filed Chapter 11 petitions (Bankr. D. Conn. Case Nos.
16-21311, 16-21312, 16-21313, and 16-21314, respectively) on Aug.
15, 2016.  The petitions were signed by Bonnie Gauthier, CEO.
Their cases are assigned to Judge Ann M. Nevins.

At the time of the filing, Hebrew Health Care estimated assets at
$1 million to $10 million and liabilities at $100,000 to $500,000;
Hebrew Life Choices estimated assets at $10 million to $50 million
and liabilities at $10 million to $50 million; Hebrew Community
Services estimated assets at $500,000 to $1 million and
liabilities

at $100,000 to $500,000; and Hebrew Home and Hospital estimated
assets at $1 million to $10 million and liabilities at $10 million
to $50 million.

The Debtors are represented by Elizabeth J. Austin, Esq., at
Pullman and Comley, LLC.  Altman and Company, LLC and Marcum, LLP
serve as financial advisor and auditor, respectively.  Kroll
McNamara Evans & Delehanty LLP has been tapped to perform
collection services.  Zangari Cohn Cuthbertson Duhl & Grello P.C.
has been tapped to replace Siegel O'Connor O'Donnell Beck P.C. as
labor counsel.

On August 30, 2016, the U.S. Trustee for Region 2 appointed an
official committee of unsecured creditors.  The committee hired
Zeisler & Zeisler, P.C. as its legal counsel and EisnerAmper LLP
as its financial advisor.

Anne Cahill Kluetsch, director and senior consultant of Kluetsch &
Associates, LLC, was appointed as patient care ombudsman.  Ms.
Kluetsch is represented by Coan, Lewendon, Gulliver &
Miltenberger, LLC.


INTERNATIONAL AUTO: Voluntary Chapter 11 Case Summary
-----------------------------------------------------
Debtor: International Auto Group of South Florida, Inc.
        6500A Powerline Road
        Fort Lauderdale, FL 33309

Case No.: 17-13165

About the Debtor: The Company is 100% owned by Arthur Siegle.

Chapter 11 Petition Date: March 16, 2017

Court: United States Bankruptcy Court
       Southern District of Florida (Fort Lauderdale)

Judge: Hon. John K Olson

Debtor's Counsel: Bradley S Shraiberg, Esq.
                  SHRAIBERG LANDAU & PAGE PA
                  2385 NW Executive Center Dr. #300
                  Boca Raton, FL 33431
                  Tel: (561) 443-0801
                  Fax: (561) 998-0047
                  E-mail: bss@sflp.law

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Arthur Siegle, president.

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

        http://bankrupt.com/misc/flsb17-13165.pdf


IRASEL SAND: Needs Authority to Use FNBC Bank Cash Collateral
-------------------------------------------------------------
Irasel Sand, LLC requests the U.S. Bankruptcy Court for the
Southern District of Texas for authority to use cash collateral  on
an interim and final basis.

The Debtor has been organized as a joint venture between Irabel,
Inc. and Select Sand LLC.  As a result of the Debtor's liquidity
constraints Irabel, acting on the Debtor's behalf, sought out and
obtained financial accommodations from First NBC Bank for the
benefit of the Debtor. In so doing, Irabel undertook the role of
primary obligor while the Debtor pledged collateral as security for
the same in connection with such financial accommodations.

The Debtor believes that only First NBC Bank has an interest in its
cash collateral. First NBC Bank is owed an aggregate original
principal amount of $6,900,000.

As such, the Debtor seeks permission to provide adequate protection
to FNBC Bank, in the form of, including without limitation,
replacement liens and superpriority expense claims to the extent of
any diminution in value of its collateral and post-petition debt
service payments, on
account of its liens on and security interests in the Debtor's
property.

Pursuant to its proposed Budget, the Debtor's total cash need for
two-weeks ending March 12, 2017 is approximately $113,051 and
$90,302 for another two-weeks ending March 26, 2017.

Although the Debtor has been able to obtain postpetition financing,
the Debtor seeks to utilize the revenues generated from its
continued business operations to fund operating expenses,  in order
to obviate the need for additional draws on its DIP Facility.

The Debtor avers that taking additional draws from the DIP Facility
during this early stage of the Bankruptcy Case, while cash
collateral exists to satisfy normal, operating expenses would:

      (a) exhaust a large portion of the DIP Facility;

      (b) increase administrative expenses of the estate;

      (c) render the Debtor increasingly over-leveraged; and

      (d) reduce a source of emergency liquidity that would not be
available should the Debtor encounter liquidity issues in the
future.

Given that the Debtor has already drawn down $80,000 as an Initial
Advance on the maximum $120,000 Initial Borrowing under the DIP
Facility, the Debtor tell the Court that it will be irreparably
harmed if it is not permitted to use cash collateral because the
Budget contemplates in excess of $80,000 in expenses during the
next two week period.

A hearing on the Debtor's use of cash collateral has been set for
March 10, 2017 at 1:30 p.m.

A full-text copy of the Debtor's Motion, dated March 9, 2017, is
available at https://is.gd/gT0Lth

A copy of the Debtor's Budget is available at https://is.gd/xWXHUq

                         About Irasel Sand, LLC

Irasel Sand, LLC is a Texas limited liability company, organized in
2014 as a joint venture between Irabel, Inc. and Select Sand LLC.

Irasel Sand, LLC filed a Chapter 11 petition (Bankr. S.D. Tex. Case
No. 17-31148), on February 27, 2017. The Petition was signed by
Louis R. Butler, managing member. The case is assigned to Judge
Jeff Bohm. The Debtor is represented by Sean B Davis, Esq. at
Winstead PC. At the time of filing, the Debtor had estimated both
assets and liabilities to be between $1 million to $10 million
each.

No request for the appointment of a trustee or examiner has been
made in the Debtor's Chapter 11 case, and no statutory committees
have been appointed or designated.


J&C OILFIELD: April 19 Plan Confirmation Hearing
------------------------------------------------
Judge John W. Kolwe of the U.S. Bankruptcy Court for the Western
District of Louisiana approved J&C Oilfield Rentals, LLC's amended
disclosure statement, dated Jan 18, 2017, referring to its chapter
11 plan of reorganization filed on Jan. 17, 2017.

April 12, 2017, is fixed as the last day for filing written
acceptances or rejection of the
Plan.

April 19, 2017, at 9:30 A.M. is fixed for the Hearing on
Confirmation of the Plan.

April 12, 2017, is fixed as the last day for filing and serving
written objections to confirmation of the Plan.

The Troubled Company Reported previously reported that Class 5 -
general unsecured claims will be paid 10% of their claims over a
10-year period with no interest, with monthly payments to start 60
days from the confirmation of this Plan.  Secured creditors will be
paid monthly with interest.  Payments and distributions under the
Plan will be funded by the ongoing operations of the business, as
well as contributions if needed by the insiders of the Debtor.

The First Amended Disclosure Statement is available at:

           http://bankrupt.com/misc/lawb16-80783-94.pdf

                 About J&C Oilfield Rentals

J&C Oilfield Rentals, LLC, was organized under the laws of the
State of Louisiana on July 11, 2008, and operated as a lessor of
equipment to the oil and gas industry.  The two members of the
Company are Joey Nugent and his father in law, Curtis Sandidge.

The Debtor filed a Chapter 11 petition (Bankr. W.D. La. Case No.
16-80783) on July 20, 2016, and is represented by Bradley L.
Drell,
Esq., at Gold, Weems, Bruser, Sues & Rundell.  The petition was
signed by Joey Nugent, authorized representative.  The case is
assigned to Judge John W. Kolwe.  The Debtor disclosed $686,347 in
assets and $2.90 million in liabilities at the time of the filing.


J. CREW: Bank Debt Trades at 43% Off
------------------------------------
Participations in a syndicated loan under J. Crew is a borrower
traded in the secondary market at 57.46 cents-on-the-dollar during
the week ended Friday, March 10, 2017, according to data compiled
by LSTA/Thomson Reuters MTM Pricing.  This represents an increase
of 0.51 percentage points from the previous week.  J. Crew pays 300
basis points above LIBOR to borrow under the $1.56 billion
facility. The bank loan matures on Feb. 27, 2021 and carries
Moody's Caa1 rating and Standard & Poor's CCC- rating.  The loan is
one of the biggest gainers and losers among 247 widely quoted
syndicated loans with five or more bids in secondary trading for
the week ended March 10.


JBL PROPERTIES: DOJ Watchdog Seeks Ch. 11 Trustee, Ch. 7 Conversion
-------------------------------------------------------------------
William K. Harrington, the United States Trustee for Region 2, asks
the U.S. Bankruptcy Court for the Eastern District of New York to
enter an order directing the appointment of a Chapter 11 trustee
for JBL Properties Inc. or the conversion of the case to one under
Chapter 7.

According to the U.S. Trustee, the indictment of Solny, the sole
employee of the Debtor, as well as the facts surrounding his
suspension from the practice of law suggest an individual with
questionable integrity and veracity, thus make it in the best
interest of the creditors that a Chapter 11 trustee be appointed.

Another factor in support of the appointment of a Chapter 11
Trustee is that, an investigation will be required in order to
determine if the Property, the Debtor's sole asset, is part of a
fraud scheme, the U.S. Trustee says.  The U.S. Trustee states that
this is an investigation that the Debtor clearly cannot undertake.
The appointment of a Chapter 11 trustee, therefore, is in the best
interest of the creditors.

As an alternative to the appointment of a Chapter 11 trustee, the
fraud and dishonesty justifying the appointment of a Chapter 11
trustee also provides cause for the conversion of the case to
Chapter 7, the U.S. Trustee asserts.

               About JBL Properties

JBL Properties Inc. sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. E.D.N.Y. Case No. 16-43604) on August 10,
2016. The petition was signed by Sanford Solny, authorized
representative.  

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


JOHN RICHARD COBLE: Lender Seeks Appointment of Ch. 11 Trustee
--------------------------------------------------------------
Co-Alliance, LLP, lender of John Richard Coble, asks the U.S.
Bankruptcy Court for the Northern District of Indiana to enter an
order directing the appointment of a Chapter 11 Trustee to manage
the property of the estate and operate the Debtor's business.

According to the lender, the Debtor admitted to various acts
constituting fraudulent and dishonest conduct and gross
mismanagement of his business affairs directly adverse to the
creditors, which acts justify the appointment of a trustee.  The
Debtor's admitted misconduct evinces a pattern of self interested
behavior intended to ignore his contractual obligations, mislead
creditors, and thwart the creditors' legitimate efforts to protect
their interests and monitor the Debtor's operation of his business,
the lender asserts.

Therefore, the lender asks the Court to appoint a trustee to manage
the estate property and operate the Debtor's business, and asked
for all other appropriate relief.

The lender is represented by:

      Brian R. Gates, Esq.
      JONES OBENCHAIN, LLP
      600 KeyBank Building
      202 S. Michigan St.
      Post Office Box 4577
      South Bend, IN 46634-4577
      Email: bgates@jonesobenchain.com

John Richard Coble filed a Chapter 11 petition (Bankr. N.D. Ind.
Case No. 17-40013) on January 14, 2017 and is represented by Samuel
Hodson(KS), Esq. -- shodson@taftlaw.com -- at Taft Stettinius &
Hollister LLP.


JOSEPH DETWEILER: Court Rules on Sequatchie Pointe Purchasers' Suit
-------------------------------------------------------------------
In the adversary proceeding captioned SEQUATCHIE MOUNTAIN,
CREDITORS, Plaintiffs, v. JENNIFER L. LILE, Executor and
Representative of the Estate of Joseph J. Detweiler, Defendant,
Adv. No. 09-6118 (Bankr. N.D. Ohio), Judge Russ Kendig of the
United States Bankruptcy Court for the Northern District of Ohio,
Eastern Division, found that George Stone, Susan Stone, Marvin
Ferkinhoff, Carol Ferkinhoff, Charles McAvoy, and Ellen McAvoy, are
entitled to judgment in their favor on their 11 U.S.C. section
523(a)(2)(A) claims.  The judge also found that Jennifer Lile is
entitled to judgment in her favor on all other section 523(a)(2)(A)
claims.

The adversary proceeding arose out of a failed development project
known as Sequatchie Pointe.  Sequatchie Pointe was a planned
development of over 6,756 acres of land in Marion County,
Tennessee, and Dade County, Georgia.  The complaint was filed on
October 19, 2009 by purchasers of undeveloped land at Sequatchie
Pointe, alleging that Joseph Detweiler's misrepresentations and
fraudulent conduct caused $13,500,000.00 in nondischargeable
damages under section 523(a)(2)(A), (a)(4) and (a)(6).

On January 25, 2016, the court granted summary judgment in
Detweiler's favor on the plaintiffs' claims under section 523(a)(4)
and (a)(6).  Additionally, Detweiler was granted summary judgment
on Wesley Jinks, Mary Czajka, Ana Rodriguez, William King, Manuel
Real, Gene Renz, Joyce Renz, and the Estate of John Hallman's
claims under section 523(a)(2)(A).  

On March 7, 2016, a four-day trial commenced regarding the
plaintiffs' remaining section 523(a)(2)(A) claims.  On September
15, 2016, Detweiler's attorneys filed a notice of suggestion of
death for Detweiler.  On September 28, 2016, the plaintiffs filed a
motion to substitute Jennifer L. Lile, Executor and Representative
of the Estate of Joseph J. Detweiler, as the defendant, which was
subsequently granted by the court.

The plaintiffs claimed that Detweiler personally or through his
agents violated section 523(a)(2)(A) by making fraudulent
representations to the the plaintiffs that caused them to purchase
lots at Sequatchie Pointe.  Lile argued that the plaintiffs' claims
are dischargeable because the representations are nothing more than
promises to perform in the future resulting in breach of contract
claims rather than nondischargeable fraudulent misrepresentations.


Judge Kendig found that the only material misrepresentations that
were made with a gross recklessness for the truth of the matter
were Dan Graber's statements regarding the timeline for completion
and representations made by Detweiler and the salesforce that there
were bonds covering construction in Georgia.  Regarding all other
alleged misrepresentations, the judge held that the plaintiffs have
not satisfied their burden that it was more likely than not that
when these representations were made Detweiler or the sales force
knew them to be untrue, or made them with a gross recklessness for
the truth.

Judge Kendig also found that the Stones, the McAvoys, and the
Ferkinhoffs have satisfied their burden of proof that Detweiler or
the sales force had the intent to deceive them in their purchases
of lots in Georgia.  The Stones, the McAvoys, and the Ferkinhoffs
all purchased lots in Georgia and testified that they were told the
project was likely to be completed because there were bonds
covering the construction.  The judge found that Detweiler and the
salesforce knew that the bonds only covered Marion County,
Tennessee, that Detweiler knowingly made a false representation to
the McAvoys knowing that it would induce a sale and that,
additionally, the sales force knowingly made the same
representation to the Stones and Ferkinhoffs in order to complete a
sale.

Judge Kendig further found that the reliance by the Stones, the
McAvoys, and the Ferkinhoffs on the misrepresentation that the
bonds covered the Georgia lots was justified.  The judge also held
that the plaintiffs have shown Detweiler's personal liability
through the theory of imputed fraud.

Judge Kendig, however, found that the plaintiffs did not prove that
Detweiler possessed fraudulent intent regarding the timelines for
completion of the project.

The bankruptcy case is IN RE: JOSEPH J. DETWEILER, Chapter 11,
Detweiler, Case No. 09-63377 (Bankr. N.D. Ohio).

A full-text copy of Judge Kendig's February 16, 2017 memorandum of
opinion is available at:

            https://is.gd/hNt4tw from Leagle.com.

Joseph J. Detweiler is represented by:

          Anthony J. DeGirolamo, Esq.
          3930 Fulton Drive, N.W., Suite 100-B
          Canton, OH 44718
          Tel: (330)305-9700
          Fax: (330)305-9713

            -- and --

          Gregory D. Swope, Esq.
          KRUGLIAK, WILKINS, GRIFFITHS & DOUGHERTY
          158 North Broadway St.
          New Philadelphia, OH 44663

            -- and --

          Scott M. Zurakowski, Esq.
          KRUGLIAK, WILKINS, GRIFFITHS & DOUGHERTY
          4775 Munson St. NW
          Canton, OH 44718

United States Trustee, U.S. Trustee, is represented by:

          Maria D. Giannirakis, Esq.
          OFFICE OF THE US TRUSTEE
          Howard M. Metzenbaum U.S. Courthouse
          201 Superior Avenue East, Suite 441
          Cleveland, OH 44114
          Tel: (216)522-7800
          Fax: (216)522-7193

                    About Joseph Detweiler

Based in Uniontown, Ohio, Joseph J. Detweiler filed for Chapter 11
protection (Bankr. N.D. Ohio Case No. 09-63377) on Aug. 17, 2009.
Anthony J. DeGirolamo, Esq., represents the Detweiler.  In his
petition, the Debtor has $3,669,999 in total assets and
$32,913,552 in total debts.


KINGS MOUNTAIN: Grant of Summary Judgment to Ozarks Affirmed
------------------------------------------------------------
The Court of Appeals of North Carolina affirmed the trial court's
grant of summary judgment to Bank of the Ozarks in the appeals case
captioned BANK OF THE OZARKS, as successor by merger to First
National Bank of Shelby, North Carolina, Plaintiff, v. KINGS
MOUNTAIN PROPERTIES, LLC and REGINALD S. WALLACE, Defendants, No.
COA16-739 (N.C. App.).

On May 26, 2015, Ozarks filed a verified complaint in Mecklenburg
County Superior Court seeking to enforce the terms of two
promissory notes granted to it by Kings Mountain Properties, LLC,
and personally guaranteed by Reginald S. Wallace.  Ozarks contended
it was entitled to a deficiency judgment against the defendants
jointly and severally to recoup the balance of the promissory notes
after the real property securing the notes had been sold at
foreclosure.

The defendants answered on August 31, 2015, moving to dismiss
Ozarks' complaint for failure to state a claim, and asserting in
the alternative the defenses of compromise and settlement, release,
accord and satisfaction, laches, and statute of limitations.  The
defendants contended Ozarks had no right to a deficiency judgment
under the terms of a subsequent settlement agreement entered into
by the parties.

On February 5, 2016, Ozarks filed a motion for summary judgment on
the basis of the stipulated facts and exhibits.  On March 28, 2016,
the trial court filed its order granting summary judgment to
Ozarks.  The court subsequently ordered the defendants, jointly and
severally, to pay the deficiencies owed on two separate loan
agreements executed in 2007, the costs of the action, and Ozarks'
attorney's fees.

The defendants filed a timely and proper notice of appeal on April
26, 2016, arguing that the trial court erred when it found there
was no genuine issue of material fact.

The Court of Appeals held that the trial court properly concluded
there was no genuine issue as to material fact as to either the
underlying deficiency claim or defendants' affirmative defenses.

The Court of Appeals found that the record establishes there was a
valid contract which was breached by the defendants when they
defaulted on their payments and failed to provide a remedy under
the terms of the contract.  Thus, the court held that there is no
genuine issue of material fact as to whether the defendants
breached the terms of the deeds of trust.

The Court of Appeals also held that no genuine issue of material
fact exists as to whether Wallace is obligated to repay the
deficiency under the terms of his personal guaranty.

Finally, the Court of Appeals concluded that there was no question
of material fact as to the defendants' ability to bring the
affirmative defenses of release or accord and satisfaction.  The
defendants contended there is at least a question of material fact
as to whether the language of the deeds in lieu of foreclosure
operated as an accord and satisfaction or release of the original
deeds of trust.  However, the Court of Appeals held that, because
the deeds in lieu of foreclosure were awarded as part of a
bankruptcy plan that was dismissed, the deeds became inoperative
upon dismissal of the bankruptcy action, and could not subsequently
serve as the basis for an accord and satisfaction or release.

The defendants also contended the trial court relied on evidence
not contained in the record when it referred to the motion of the
administrator to dismiss the bankruptcy action and the Bankruptcy
Court's order of dismissal in granting summary judgment in favor of
Ozarks.

The Court of Appeals disagreed, having repeatedly held the trial
court may consider "any other material which would be admissible in
evidence or of which judicial notice may properly be taken" when
considering a motion for summary judgment.  

A full-text copy of the Court's February 21, 2017 opinion is
available at https://is.gd/LHcCZZ from Leagle.com.

Plaintff-Appellee is represented by:

          John H. Russell, Jr., Esq.
          MULLEN HOLLAND & COOPER, P.A.
          301 South York Street
          Gastonia, NC 28053
          Tel: (704)864-6751
          Fax: (704)861-8394
          Email: jrussell@mhc-law.com

Defendant-Appellants are represented by:

          Joseph R. Pellington, Esq.
          David G. Redding, Esq.
          REDDING TISON & JONES, PLLC
          2907 Providence Road, Suite A303
          Charlotte, NC 28211
          Tel: (704)900-2215
          Fax: (704)973-9391
          Email: jpellington@rtjlawfirm.com
                 dredding@rtjlawfirm.com


KIRK'S FRAMING: Plan Confirmation Hearing on April 17
-----------------------------------------------------
The Hon. Jerry A. Funk of the U.S. Bankruptcy Court for the Middle
District of Florida has conditionally approved Kirk's Framing
Inc.'s disclosure statement filed on March 6, 2017, referring to
the Debtor's Chapter 11 plan.

A hearing on the final approval of the Disclosure Statement and
confirmation of the Plan will be held on April 17, 2017, at 10:00
a.m.  Any objections to Disclosure or the plan confirmation must be
filed 14 days before the hearing.

Creditors and other parties-in-interest will file with the Court
their written ballots accepting or rejecting the Plan no later than
14 days before the date of the Confirmation Hearing.

                      About Kirk's Framing

Kirk's Framing Inc. is a Florida corporation based in Orange Park,
Florida.  The Debtor is in the business of design and construction
of wood framing of residential real properties in Clay, Duval, St.
Johns and Nassau counties. The Debtor's services include floor
joist, roof, steps, and zipwall installations.

Kirk's Framing Inc. filed a Chapter 11 petition (Bankr. M.D. Fla.
Case No. 3:16-bk-03390-JAF) on Sept. 6, 2016.  The Petition was
signed by Patricia Kolosky, President.  The case is assigned to
Judge Jerry A. Funk.  The Debtor is represented by Thomas C. Adam,
Esq., at Adam Law Group, P.A.  At the time of the filing, the
Debtor estimated assets and liabilities at $100,001 to $500,000.

An official committee of unsecured creditors has not yet been
appointed in the Chapter 11 case of Kirk's Framing Inc. as of Oct.
31, according to a court filing.


KSM INTERNATIONAL: Unsecureds to Recoup 2.5% Under Plan
-------------------------------------------------------
KSM International, LLC filed with the U.S. Bankruptcy Court for the
District of Colorado a disclosure statement to accompany its plan
of reorganization, dated March 10, 2017.

Class 3, Unsecured Creditors, is impaired under the plan. Class 3
claimants will receive pro-rata distributions equal to 2.5% of the
KSM Gross Revenue generated over two years commencing on the
Effective Date less amount necessary to pay Unclassified Priority
Claims and the Class 2 claim. Payments will be made semi-annually
commencing 6 months from the Effective Date.

The Debtor will restructure its debts and obligations and KSM will
continue to operate in the ordinary course of business. Funding for
the plan will be from income derived from KSM's ongoing
operations.

The Disclosure Statement is available at:

         http://bankrupt.com/misc/cob16-20499-91.pdf

                  About KSM International

KSM International, LLC sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. D. Colo. Case No. 16-20499) on October 25,
2016.  The petition was signed by Kristin Morelli, manager.  

The Debtor is represented by Kutner Brinen P.C.  Brock and Company
CPAs, PC serves as its accountant.

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


LEO MOTORS: Enters Into Purchase Agreement with Leo Members Inc
---------------------------------------------------------------
On March 8, 2017, Leo Motors, Inc., a Nevada corporation, entered
into a purchase agreement with the sole shareholder of Leo Members,
Inc., a corporation incorporated in the Republic of Korea
(Members), pursuant to which the Company purchased 3,000,000 shares
of Members' common stock in exchange for Three Hundred Million
(300,000,000 KRW) South Korean Won (approximately $268,869 U.S.
Dollars). The former sole shareholder of Members is the co-Chief
Executive Officer of the Company. As a result of the transaction,
Members has become a wholly-owned subsidiary of the Company.

On March 8, 2017, the Company entered into a purchase agreement
with Members, pursuant to which Members purchased from the Company
200,000 shares of common stock of Leo Motors Factory, Inc., a
Republic of Korea corporation and subsidiary of the Company, 15,000
shares of common stock of Leo Motors Factory 2, Inc., a Republic of
Korea corporation and subsidiary of the Company, and 100,000 shares
of common stock of Leo Trading, Inc., a Republic of Korea
corporation and subsidiary of the Company for an aggregate of Three
Hundred Million (300,000,000 KRW) South Korean Won (approximately
$268,869 U.S. Dollars). As a result of the transaction, Members
acquired a 50% interest in each of Leo Factory 1, Leo Factory 2 and
Leo Trading and the Company's equity ownership percentage in each
of Leo Factory 1, Leo Factory 2 and Leo Trading decreased from 50%
to 0%.

Copies of the Agreement and the Purchase Agreement are available
for free at:

                       https://is.gd/xRowBE

                         About Leo Motors

Headquartered in Hanam City, Gyeonggi-do, Republic of Korea, Leo
Motors, Inc., a Nevada corporation, is currently engaged in the
research and development of multiple products, prototypes and
conceptualizations based on proprietary, patented and patent
pending electric power generation, drive train and storage
technologies.

In 2011, the Company determined its investment in Leo B&T Inc. an
investment account was impaired and recorded an expense of $4.5
million.  During the 2012 year the Company had a net non operating
income largely from the result of the forgiveness of debt for $1.3
million.

Leo Motors reported a net loss of US$4.49 million on US$4.29
million of revenues for the year ended Dec. 31, 2015, compared to a
net loss of US$4.48 million on US$693,000 of revenues for the year
ended Dec. 31, 2014.

As of Sept. 30, 2016, Leo Motors had US$8.27 million in total
assets, US$6.48 million in total liabilities and US$1.43 million in
total equity.

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 has incurred
significant accumulated deficits, recurring operating losses and a
negative working capital.  This and other factors raise substantial
doubt about the Company's ability to continue as a going concern.


LIBERAL COMMONS: Unsecureds to Recover 100% Under Plan
------------------------------------------------------
Liberal Commons, LLC, filed with the U.S. Bankruptcy Court for the
District of Kansas a small business disclosure statement describing
its plan of reorganization filed on March 10, 2017, a full-text
copy of which is available at:

           http://bankrupt.com/misc/ksb17-10044-52.pdf

General unsecured creditors are classified in Class 4 and will
receive a distribution of 100% of their allowed claims, to be
distributed as follows: payment in full, without interest or
penalties, within six months following the Effective Date.

In the event that Debtor is unable to pay the claims in full within
six months, the duplexes owned by the Debtor, located at 1102,
1104, 1108, 1110, 1114, 1116, 1120, 1122, 1126, 1128, 1200, 1202,
1206, 1207, 1208, 1209, 1212, 1214, 1218, 1219, 1220, 1221, 1224,
1225, 1226, 1227, 1230, 1231, 1232, and 1233 Krause Court, Liberal,
KS 67901 will be auctioned within 60 days thereafter for an amount
sufficient to pay all claims in full, with closing to occur not
more than 30 days after the auction.

The Debtor will obtain a complete refinance of all debts owed by
the Debtor at present. Such refinance shall close not later than
six months following the Effective Date. If the Debtor is unable to
obtain the necessary financing by that date, the Property will be
listed for an absolute auction to be conducted by a professional
auctioneer of the Debtor's choice not later than 60 days
thereafter. The sale will close not later than 30 days following
the auction. Proceeds from the sale shall be paid as follows:

   -- first to all costs of sale, including auction fees, title and
escrow fees, and other customary closing costs;

   -- second, to any real property tax claims;

   -- third, to any other claims secured by the Property in order
of priority;

   -- fourth, to any and all administrative expense claims incurred
herein;

   -- fifth, to any priority claims in order of priority;

   -- sixth, to general unsecured claims herein, in order of
priority; and

   -- seventh, any funds remaining thereafter to the Debtor.

                 About Liberal Commons

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


LIFELINE SLEEP: Exclusivity Extended by 5 Months as Talks Continue
------------------------------------------------------------------
Judge Jeffery A. Deller granted Lifeline Sleep Center, LLC's
request, extending the Debtor's exclusive plan filing period
deadline for an additional 150 days.

As previously reported by The Troubled Company Reporter, the Debtor
is is still in active negotiations with its creditors and needs
additional time to resolve several outstanding issues. The
negotiations are both complex and time consuming, and as such, the
Debtor requires additional time to finalize them.

                   About Lifeline Sleep Center

Lifeline Sleep Center, LLC, operates several specialty outpatient
sleep centers, with a principal place of business at 2030 Ardmore
Boulevard, Suite 251, Pittsburgh, PA 15221.

Lifeline Sleep Center, LLC, sought protection under Chapter 11 of
the Bankruptcy Code (Bankr. W.D. Pa. Case No. 16-24201) on Nov. 10,
2016.  The petition was signed by Mark Kegg, owner.  At the time of
the filing, the Debtor estimated had less than $50,000 in estimated
assets and $500,000 to $1 million in estimated liabilities. Brian
C. Thompson, Esq., at Thompson Law Group, P.C., serves as the
Debtor's legal counsel.

The Office of the U.S. Trustee on Dec. 15 disclosed in a court
filing that no official committee of unsecured creditors has been
appointed in the Chapter 11 case of Lifeline Sleep Center, LLC.


LIVE OAK: Allowed to Continue Using Cash Collateral Through May 31
------------------------------------------------------------------
The U.S. Bankruptcy Court for the Northern District of Texas
approved the agreement between Live Oak Lounge, LLC and the
Department of Treasury - Internal Revenue Service authorizing the
continued use of cash collateral through May 31, 2017.

The Parties agreed to the continued use of cash collateral to pay
the actual, ordinary and necessary operating expenses set forth on
the Budget. The approved Budget projected cash disbursements of
approximately $39,014 for the month of March 2017, $38,014 for the
month of April 2017 and $38,014 for the month of May 2017.

These creditors had asserted claims secured by the assets of the
Debtor:

      (a) Ad valorem tax authorities of Tarrant County assert
claims for ad valorem property taxes for 2016 and prior years.
Tarrant County asserts a secured claim of $2,518 due and unpaid
2016 property taxes;

      (b) Lipscomb 1311, LLC, as successor in interest to
PlainsCapital Bank asserts a claim of $23,652 as of the Petition
Date, secured by the Debtor's equipment, accounts, inventory and
general intangibles;

      (c) The Department of Treasury - Internal Revenue Service
asserts a claim of $25,000 secured by all assets of the Debtor;
and

      (d) Afallon Holdings LLC asserts a claim of $525,160 secured
by office furniture and equipment.

PlainsCapital and the IRS had asserted that their liens extend to
the Debtor's deposit on hand, together with proceeds of inventory
and accounts.

The Court extended the continuing and replacement liens granted to
the IRS in the Interim Cash Collateral Order to include both the
IRS and PlainsCapital Bank in the order and priority established by
applicable State and Federal Laws.

A full-text copy of the Second Agreed Order, dated March 9, 2017,
is available at https://is.gd/6fVysA

The Internal Revenue Service is represented by:

           Donna K. Webb, Esq.
           Assistant U.S. Attorney
           John R. Parker, Esq.
           United States Attorney
           1100 Cmmerce St., Suite 300
           Dallas, TX 75242
           Telephone: 214.659.8600
           Facsimile: 214.659.8807
           E-mail: donna.webb@usdoj.gov

                 About Live Oak Lounge

Live Oak Lounge, LLC, is a Texas Limited liability company formed
to provide an independent music venue, bar and restaurant located
at 1311 Lipscomb Street, Fort Worth, TX which is lease from 1980
Properties, LLC.

On July 8, 2016, Live Oak Lounge, LLC, commenced a Chapter 11 case
(Bankr. N.D. Tex. Case No. 16-42659). The petition was signed by
Robert Johnson, managing member.  The bankruptcy case was filed
because Debtor's past mismanagement resulted in an IRS tax lien
exceeding $200,000.

The Debtor is represented by Warren V. Norred, Esq., at Norred Law,
PLLC. The Debtor estimated assets at $0 to $500,000 and liabilities
at $500,001 to $1 million at the time of the filing.


MASONITE INTERNATIONAL: S&P Revises Outlook & Affirms 'BB' CCR
--------------------------------------------------------------
S&P Global Ratings said it revised its outlook on Tampa, Fla.-based
door manufacturer Masonite International Corp. to positive from
stable.  S&P Global Ratings also affirmed its 'BB' long-term
corporate credit rating on the company.

At the same time, S&P affirmed its 'BB' issue-level rating on
Masonite's senior unsecured notes and revised its recovery rating
on the debt to '3' from '4'.  A '3' recovery rating indicates S&P's
expectation for meaningful (50%-70%; rounded estimate of 65%)
recovery in the event of default.

"The outlook revision reflects the increased likelihood that we
will upgrade the company within the next 12 months with continued
improvement in Masonite's core credit measures supported by a
positive momentum in new home construction and repair and
remodeling spending in North America," said S&P Global Ratings
credit analyst Alessio Di Francesco.

S&P's financial risk profile on the company reflects its
expectation that adjusted core credit ratios including
debt-to-EBITDA and FFO-to-debt will gradually improve through
2018.

The company generates nearly all of its revenue from designing and
manufacturing doors that are sold directly to wholesale customers
or through retail channels such as Lowe's Cos. Inc. and The Home
Depot Inc.  The latter is Masonite's largest customer, accounting
for about 16% of the company's net sales in 2016.

The business risk profile on Masonite continues to reflect S&P's
view of its relatively limited scale and scope of operations
compared with global building materials producing peers.  It also
reflects its exposure to the cyclical U.S. residential construction
market that likely contributes to volatile earnings and cash flow
through the business cycle.  S&P's business risk profile also
reflects its view that Masonite is a leading global designer,
manufacturer, and distributor of interior and exterior doors for
the new construction and repair, renovation, and remodeling sectors
of the residential and non-residential building construction
markets.  S&P believes the company has a solid position within
North America as one of only two vertically integrated door
manufacturers.  In S&P's opinion, the company also benefits from an
improved pricing environment following the consolidation activity
that took place within the industry since 2010.  S&P believes
Masonite's market position is further strengthened by its broad
range of doors offered at various price points, longstanding
customer relationships, and large scale relative to that of other
door manufacturers.  As of Jan. 1, 2017, Masonite operated 64
manufacturing facilities, including five molded door facings
facilities that would be difficult for a competitor to replicate
without significant capital investment.

The positive outlook reflects the increased likelihood that S&P
will upgrade the company within the next 12 months.  In the U.S.,
S&P expects mid-to-high, single-digit growth in housing starts and
repair and remodeling activity that S&P believes will contribute to
double-digit adjusted EBITDA growth for the company.  Under S&P's
base-case assumption that debt remains relatively unchanged, S&P
expects adjusted debt-to-EBITDA to improve to 1.6x-1.8x and
adjusted FFO-to-debt to 50%-55% by the end of 2017, both of which
S&P considers strong for the rating.

S&P could raise its ratings on the company within the next 12
months with continued improvement in Masonite's core credit
measures supported by a positive momentum in new home construction
and repair and remodeling spending in North America.  Furthermore,
in this scenario S&P would believe that Masonite is unlikely to
make acquisitions or share buybacks that contribute to pro forma
adjusted debt-to-EBITDA above 2.5x or adjusted FFO-to-debt below
35% on a sustained basis.

S&P could revise the outlook to stable within the next 12 months if
it expects Masonite to sustain adjusted debt-to-EBITDA approaching
3x or FFO-to-debt below 35%.  This could occur if a confluence of
weak economic data or loss of business with a major customer
contributes to a decline in adjusted EBITDA.  This could also occur
if the company increases debt by more than US$300 million to fund
acquisitions or share repurchases.



MAX EXPRESS: May 23 Plan Confirmation Hearing Set
-------------------------------------------------
Judge Deborah J. Saltzman of the U.S. Bankruptcy Court for the
Central District of California approved the disclosure statement
explaining Max Express, Inc.'s plan of reorganization dated January
31, 2017, and scheduled the hearing to confirm the Plan for May 23,
2017, at 2:00 P.M.

April 24 is fixed as the deadline to cast ballots accepting or
rejecting the Plan, and the last day to file objections to
confirmation of the Plan.

May 8 is fixed as the last day by which Debtor must submit a
summary of the ballots accepting or rejecting the Plan with the
court, and the last day by which the Debtor may submit a reply to
any objection to confirmation of the Plan.

No motion to confirm the Plan or brief in supporting the Plan is
required unless an objection to confirmation of the Plan is filed
or Debtor deems such a motion or brief necessary, and in that
event, May 8, 2017 is fixed as the last day by which the Debtor may
submit a confirmation brief with declarations and other evidence in
support of confirmation of the Plan.

                      About Max Express Inc.

Max Express, Inc., is a company located in Carson, California that
provides trucking services throughout the western United States.
It has approximately 30 trucks and 37 employees, including the
truck drivers and principals of the Debtor.  The Debtor currently
rents real property located at 22420 S. Alameda 10 Street, Carson,
CA 90810, for the premises used as its place of business.

The Debtor sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. C.D. Cal. Case No. 16-14868) on April 15, 2016.  The
petition was signed by Richard Mo, secretary.  The case is
assigned
to Judge Deborah J. Saltzman.  The Debtor estimated both assets
and
liabilities in the range of $1 million to $10 million.

The Office of the U.S. Trustee on June 10, 2016, appointed an
official committee of unsecured creditors. The committee retained
Levene, Neale, Bender Yoo & Brill as its counsel.


MAXUS ENERGY: Wants Plan Solicitation Period Extended to May 31
---------------------------------------------------------------
Maxus Energy Corporation, et al., ask the U.S. Bankruptcy Court for
the District of Delaware to extend the period by which they have
the exclusive right to solicit acceptances of a chapter 11 plan
through May 31, 2017.

On March 1, 2017, shortly before the originally scheduled hearing
to consider approval of the Debtors' Disclosure Statement, the
Official Committee of Unsecured Creditors presented the Debtors
with a term sheet outlining the terms of a modified liquidating
chapter 11 plan, which the Debtors understand is supported by the
Committee, Occidental Chemical Corporation (OCC), and potentially
other creditors.  As part of its proposal, the Committee requested
that the Debtors adjourn the hearing on the Disclosure Statement
from March 7, 2017 to April 7, 2017. In the exercise of their
fiduciary duties, the Debtors' independent directors agreed to
adjourn the Disclosure Statement hearing to evaluate the
Committee's proposal and analyze whether it could provide maximum
recoveries to the estates.

The Debtors are also using the adjournment period to continue
ongoing good faith negotiations with creditors that, if successful,
could pave the path to greater consensus.

Absent an extension, the Debtors' exclusive solicitation period was
slated to expire March 18, 2017.

The Debtors assert that it is crucial for them to maintain a stable
platform in the coming weeks to effectively analyze the
Committee's proposal, to document amendments to the existing
proposed plan, to continue negotiating consensual resolutions with
creditors where possible, and to pursue a plan that maximizes the
estate assets and creates the most value for creditors.

Absent this brief "breathing room,' creditor confusion over
competing plans and increased (and otherwise avoidable)
administrative costs are foreseeable, the Debtors aver.

                About Maxus Energy Corporation

Maxus Energy Corporation and four of its subsidiaries filed
voluntary petitions for reorganization under Chapter 11 (Bankr. D.
Del., Case No. 16-11501) on June 17, 2016.  The Debtors intend to
use the breathing spell afforded by the Bankruptcy Code to decide
whether their existing environmental remediation operations and oil
and gas operations can be restructured as a sustainable,
stand-alone enterprise.

The Debtors have engaged Young Conaway Stargatt & Taylor, LLP as
local counsel, Morrison & Foerster LLP as general bankruptcy
counsel, Zolfo Cooper, LLC as financial advisor and Prime Clerk LLC
as claims and noticing agent, all are subject to the Bankruptcy
Court's approval.

The Debtors hired Keen-Summit Capital Partners LLC as real estate
broker.  The Debtors also engaged Hilco Steambank to market and
sell their internet protocol numbers and other internet number
resources, and EnergyNet.com to market and sell the Debtors'
rights, title, and interest in and to the oil and gas properties.

On July 7, 2016, the United States Trustee for the District of
Delaware filed Notice of Appointment of Committee of Unsecured
Creditors. The Committee selected Schulte Roth & Zabell LLP as
counsel, and Cole Schotz as Delaware co-counsel. Berkeley Research
Group, LLC, serves as financial advisor for the Committee.

Andrew Vara, acting U.S. Trustee for Region 3, appointed three
members to the committee of retirees: John Leslie Jackson, Sr.,
Gerald G. Carlton, and Robert E. Garbesi.  The Retirees Committee
retained Akin Gump Strauss Hauer & Feld LLP as counsel and Ashby &
Geddes, P.A., as co-counsel.


MELINDA CORTEZ: Selling San Francisco Property for $1.5 Million
---------------------------------------------------------------
Melinda Bilgera Cortez and Alex C. Cortez ask the U.S. Bankruptcy
Court for the Northern District of California to authorize the sale
of real property commonly known as Unit 114 Russ Street, San
Francisco, California, identified as Lot 278; Block 3731, to
Bradley Allen Thompson and Li Chiu Young $1,495,000, subject to
overbid.

A hearing on the Motion is set for April 13, 2017 at 10:00 a.m.

The Debtors converted said Subject Property into a condominium
building pre-petition; the only work that remained outstanding on
the condominium conversion project wass the finalization and
recording of CC&Rs and related condo-map.  As of the Feb. 22, 2017
recording date, 112-114A Russ Street was subdivided into the
following 4 separate Parcel ID/ Lot-Block numbers: (i) Lot 276;
Block 3731; (ii) Lot 277; Block 3731; (ii;) Lot 278; Block 3731
("114 Russ"); and Lot 279; Block 3731.

As a result of the successful condo-conversation, all liens are now
effectively crosscollateralized against each of these 4 condominium
units:

                Party                Lien Type                     
Lien Amount

a. Yeva, Inc., doing business as   Senior Lien Est.     $1,498,680
as of March 7, 2017
    Saxe Mortgage Co. ("SAXE")  

b. SAXE                   Erroneous Recording/Disputed           
$1,000,000
                                 (May 17, 2013)

c. SAXE                           Junior Lien           $2,494,468
as of March 7, 2017

d. Ann La Morena Rohlin    Abstract of Judgment Lien        $74,959
(Claim 4-1)
  c/o Lillis Pitha LLP

e. Ann La Morena Rohlin    Abstract of Judgment Lien               
$130,000

f. Boris Govzman/          Abstract of Judgment Lien
    Sofia Fridman          

g. Arcon Construction Corp.     Mechanic's Lien                    
$22,223

h. State of California,           Tax Lien                   
$4,486 (Claim 6-1)
   Franchise Tax Board  

The Debtors have a bona fide dispute with SAXE regarding the senior
lien.  Said dispute is presently the subject of an adversary
proceeding pursuant to Federal Rule of Bankruptcy Procedure
7001(2), to determine the validity, priority, or extent of SAXE's
LIEN, and for declaratory and related injunctive relief that
SAXE’s refusal to authorize a partial reconveyance constitutes an
unreasonable restraint on alienation in violation of the Garn-St.
Germain Act as well as California Civil Code section 711.

The Debtors have a bona fide dispute with SAXE regarding the first
junior lien. Said dispute is presently the subject of an adversary
proceeding pursuant to Federal Rule of Bankruptcy Procedure
7001(2), to determine the validity, priority, or extent of SAXE's
LIEN, and for declaratory and related injunctive relief that SAXE's
refusal to authorize a partial reconveyance constitutes an
unreasonable restraint on alienation in violation of the Garn-St.
Germain Act as well as California Civil Code section 711.

Due to the fact that SAXE's senior lien exceeds net sale proceeds
from Unit 114, they have filed a motion to lienstrip the
cross-collateralized liens of Anna La Morena Rohlin c/o Lillis
Pitha, Arcon Construction and Franchise Tax Board as 100%
unsecureds to be allowed only as a general unsecureds claim – as
to Unit 114 only.

It is the professional opinion of the Estate's Broker, Mr. Tim
Brown, that a proposed sales price of $1,495,000 is fair market
value.

The Debtors propose to sell the Subject Property free and clear of
the claims of lien and other interests.  The purchase price of
$1,495,000 is all cash, "as-is," with no contingencies (outside
financing and inspections), with a deposit figure already held in
escrow in the amount of $44,850 and an anticipated closing date of
May 4, 2017.  Both the Buyers and the Sellers are represented by
separate brokers; there is no dual agency.

The Debtors will deposit all collective proceeds from the sale into
an appropriate escrow account and administer pursuant to the
following 2 provisions: (i) that the judgments, liens, claims and
interests of the parties herein, attach to any proceeds from the
sale of these assets, to the same priority and extent that they
attach to the subject assets; and (ii) that the proceeds from the
sale of the assets described above be held in an interest bearing
account until further order of this Court to determine the
validity, priority and extent of the judgments, liens, claims and
interests of the parties.

Subject to subsequent Court approval, the Debtors reasonably
anticipate paying out of escrow the 5% broker commissions, transfer
taxes and certain reimbursements for costs advanced by the broker
to finalize the condo conversion, as well as the payment any
utility or local city taxes owed, to the extent said payments were
not paid prepetition, in order to deliver clear title to the
Nominee.  The proposed net proceeds from the transaction to the
Estate are $1,392,039.  The Debtors propose to keep all net
proceeds in the appropriate escrow account pending resolution of
the pending litigation matters with the aforementioned lienholders.
The Debtors ask the Court to authorize them to pay out of escrow
all items payments described and keep all net proceeds in the
appropriate escrow account as set forth.

The Debtors ask the Court to approve the sale of the Subject
Property free and clear of all claims, liens and interests to the
Buyers for the sum of $1,495,0000, with financing, or to a
qualified overbidder, in the event of an overbid, pursuant to the
terms of the Purchase Agreement, or, in the alternative, to such
qualified overbidder submitting a higher and better overbid
pursuant to the overbid procedures being noticed by the Debtors.

The Debtors ask the Court to waive the stay of the sale order
provided by Bankruptcy Rule 6004(h).

Melinda Bilgera Cortez and Alex C. Cortez sought Chapter 11
protection (Bankr. N.D. Cal. Case No. 16-31253) on Nov. 20, 2016.
The Debtors tapped Matthew D. Metzger, Esq., at Belvedere Legal, PC
as counsel.


METCOM NETWORK: Court Extends Plan Filing Through March 23
----------------------------------------------------------
Judge Mary Kay Vyskocil has extended Metcom Network Services Inc.'s
exclusive plan filing period through March 23, 2017, and its
exclusive solicitation period through June 20, 2017.

The Debtor originally asked for an April 22 extension of its
exclusive plan filing period.

As previously reported by The Troubled Action Reporter, the Debtor
related that it has engaged in arms' length, good faith
negotiations with Epsilon US, Inc. over a purchase transaction of
its assets. Epsilon US agreed to subject its transaction to higher
and better offers through a bidding and auction process as outlined
in a Court-approved bidding procedures order. The Debtor asserted
that it requires more time to consummate the Proposed Sale and
formulate a confirmable chapter 11 plan of reorganization.

                About Metcom Network Services

Metcom Network Services, Inc. is a New York corporation, with its
principal place of business at 60 Hudson Street, New York, NY,
Suites 1001 and 2303.  Metcom is owned 50% by Mark DuMoulin, Sr.
and 50% by Susan BeckerDuMoulin.  Metcom is in the business of
telecommunications, building and local interconnection and
engineering support, including the colocation of customer
equipment.

Metcom sought protection under Chapter 11 of the Bankruptcy Code
(Bankr. S.D.N.Y. Case No. 16-11870) on June 28, 2016.  The petition
was signed by Mark DuMoulin, Sr., president.

The Debtor is represented by Neil H. Ackerman, Esq., at Ackerman
Fox, LLP. ACT Financial & Tax Services, LLC has been tapped as
accountant.

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

No trustee, examiner, or committee of creditors has been appointed
in this case.


MIDWEST ASPHALT: US Trustee Adds LSREF2 Cobalt to Committee
-----------------------------------------------------------
Daniel M. McDermott, the U.S. Trustee for Region 12, on March 16,
2017, added LSREF2 Cobalt LLC to the official committee of
unsecured creditors of Midwest Asphalt Corporation.

As reported by the Troubled Company Reporter on Feb. 6, 2017, the
U.S. Trustee appointed two creditors -- WD Larson/Allstate
Peterbilt and Tiller Corporation -- to serve on the committee.

The committee members now include:

     (1) WD Larson/Allstate Peterbilt
         Attn: Richard Brown
         500 Ford Road
         St. Louis Park, MN 55426
         Tel: (952) 703-3467

     (2) Tiller Corporation
         Attn: Steven Sauer
         7200 Hemlock Lane
         Suite 200
         P.O. Box 1480
         Maple Grove, MN 55311
         Tel: (763) 425-4191

     (2) LSREF2 Cobalt LLC
         Attn: Brian Mattison
         2711 North Haskell Avenue, Suite 1800
         Dallas, TX 75204
         Tel: (214) 754-8689

Richard Brown of WD Larson Allstate Peterbilt is designated as
acting chairperson of the Committee pending selection by the
committee members of a permanent chairperson.

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 Midwest Asphalt

Midwest Asphalt Corporation, based in Hopkins, Minnesota, filed a
Chapter 11 petition (Bankr. D. Minn. Case No. 17-40075) on Jan. 12,
2017.  The petition was signed by Blair Bury, president.  The
Debtor is represented by Thomas Flynn, Esq., at Larkin Hoffman.
The case is assigned to Judge Katherine A. Constantine.  

The Debtor estimated assets and debt at $10 million to $50 million
at the time of the filing.


MOSAIC MANAGEMENT: Court Grants Plan Exclusivity Through March 31
-----------------------------------------------------------------
Judge Erik P. Kimball has extended Mosaic Management Group, et
al.'s exclusive plan filing period through March 31, 2017, and
their exclusive solicitation period through May 1, 2017.

              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.


MUSCLEPHARM CORP: Lowers Net Loss to $3.47 Million in 2016
----------------------------------------------------------
MusclePharm Corporation filed with the Securities and Exchange
Commission its annual report on Form 10-K disclosing a net loss of
$3.47 million on $132.5 million of net revenue for the year ended
Dec. 31, 2016, compared to a net loss of $51.85 million on $166.85
million of net revenue for the year ended Dec. 31, 2015.

The Company's balance sheet at Dec. 31, 2016, showed $34.09 million
in total assets, $38.97 million in total liabilities, and a total
stockholders' deficit of $4.88 million.

Management believes the restructuring plan implemented during
August 2015, the reduction in ongoing operating costs and expense
controls, and the sale of BioZone, will enable the Company to
ultimately be profitable.  The Company has reduced its operating
expenses sufficiently so that its ongoing source of revenue is
sufficient to cover these expenses for the next twelve months which
will allow the Company to continue as a going concern.

As of Dec. 31, 2016, the Company had an accumulated deficit of
$151.0 million and recurring losses from operations.  However, the
Company believes that the aforementioned restructuring and expense
reductions will enable it to begin generating profits in the near
term.  In January 2016, the Company entered into a secured
borrowing arrangement, pursuant to which it has the ability to
borrow up to $10.0 million subject to sufficient amounts of
accounts receivable to secure the loan.  Under this arrangement,
during the year ended Dec. 31, 2016, the Company received $43.7
million in cash and subsequently repaid $41.9 million, including
fees and interest, on or prior to Dec. 31, 2016.

As of Dec. 31, 2016, the Company had approximately $4.9 million in
cash and $9.6 million in working capital deficit.

"Our ability to meet our total liabilities of $39.0 million as of
December 31, 2016, and to continue as a going concern, is partially
dependent on meeting our operating plans, and partially dependent
on our Chairman of the Board, Chief Executive Officer and
President, Ryan Drexler either converting or extending his two
notes prior to or upon their maturity.  Mr. Drexler has verbally
conveyed his intentions of doing so and this alone would enable the
Company to meet its obligations over the next twelve months. In
addition, Mr. Drexler has verbally both stated his intent and
ability to put more capital into the business if necessary.
However, Mr. Drexler is under no obligation to the Company to do
so, and we can give no assurances that Mr. Drexler will be willing
or able to do so at a future date.

"Our ability to continue as a going concern and raise capital for
specific strategic initiatives is also dependent on obtaining
adequate capital to fund operating losses until we become
profitable.  We can give no assurances that any additional capital
that we are able to obtain, if any, will be sufficient to meet our
needs, or that any such financing will be obtainable on acceptable
terms.

"If we are unable to obtain adequate capital, we could be forced to
cease operations or substantially curtail our commercial
activities. These conditions, or significant unforeseen
expenditures, could raise substantial doubt as to our ability to
continue as a going concern."

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

                      https://is.gd/pyAp6Q

         MusclePharm Issues Open Letter to Shareholders

On March 15, 2017, the Company issued a press release that included
the Company's open letter to shareholders providing operational
update and financial highlights for the full-year 2016.  A
full-text copy of the letter is as follows:

Dear Fellow Shareholders:

2016 was a pivotal year for the Company as we ushered in a new and
exciting chapter in our history.  The Company completed its
corporate restructuring program, which was initiated in August 2015
and it led to significant changes in how we operate and has
resulted in reduced operating costs, a stronger balance sheet and
we believe a solid platform from which to grow the business in 2017
and beyond.

As a result of these efforts, the Company reduced its net loss to
$3.5 million for fiscal year 2016, from a loss of $51.9 million for
fiscal year 2015.  The Company recognized Adjusted EBITDA of $4.5
million ($11.2 million excluding major nonrecurring expenses) for
the full-year 2016, a significant improvement over the ($2.7)
million Adjusted EBITDA loss recorded in 2015.  We have also
significantly strengthened our management team during the year,
appointing Ryan Drexler as CEO, who is an industry veteran with a
strong professional background and reputation, as well as other
industry veterans, as further discussed below.  Lastly, we have
improved and expanded the product line by eliminating unprofitable
SKU's and adding innovative products such as the recently announced
natural series, all a part of our commitment to building long-term
value for shareholders. When comparing the Company today to where
it was a year and a half ago, we are confident that we have
positioned MusclePharm to achieve long-term growth in 2017 and
beyond.

Our strategy to drive growth in 2017 is to effectively leverage our
position as one of the leading performance lifestyle sports
nutrition companies in the world to drive top line sales and
achieve net income and Adjusted EBITDA growth.  Today, we believe
that MusclePharm not only has the positive brand recognition and
global footprint necessary to achieve our vision, but we believe
that it now also has the strong leadership and an efficient
operational and financial platform to support growth in the
business.  This expansion plan was set in motion with the launch of
our MusclePharm Natural Series, a new line of organic supplements,
at Natural Products Expo West, in Anaheim, California last week,
the first of many anticipated sales initiatives slated for 2017.
We believe that MusclePharm is at an exciting inflection point in
its growth trajectory and we are enthusiastic about the growth
opportunities that are now available to us.

To kick-start the corporate restructuring program, MusclePharm
underwent a top-to-bottom evaluation to identify our strengths and
weaknesses.  In the case of MusclePharm, we determined that we
first needed to improve our financial discipline and eliminate
inefficiencies before turning our efforts towards growth and
unlocking the underlying value of the business.

The restructuring process, which was led by Mr. Drexler, called for
management to enact the following decisive changes:

   1. Renegotiation or termination of certain endorsement
      agreements, including the elimination of $45 million in
      future sponsorship and endorsement obligations, and the
      reallocation of marketing and advertising spend toward more
      cost-effective efforts;

   2. Elimination of 75% of SKUs and the write down of certain
      inventory;

   3. Significant reduction of headcount;

   4. Reduction of the facility footprint through consolidation
      and closure; and

   5. Write-off of certain assets.

The highlights of our restructuring activities included the sale of
our former subsidiary, BioZone Laboratories, in May 2016, which
resulted in a gross cash inflow of $7.9 million, including $2.0
million of prepaid inventory, enabling us to monetize a valuable
asset while maintaining an important relationship with a key
manufacturing partner.  We also successfully negotiated the
settlement of a dispute with Capstone Nutrition, a former
manufacturing partner and the favorable resolution of a contract
matter with Arnold Schwarzenegger.  A capital injection by Mr.
Drexler of $11 million in the form of a convertible debt instrument
enabled us to take advantage of the opportunity to settle our
dispute with Capstone.  We believe that his willingness to engage
in this transaction shows his faith in the long-term value of the
Company.  

In another positive step toward strengthening our balance sheet, we
completed a $10 million financing agreement with Prestige Capital
that allowed us to retire $6 million of existing debt, while still
allowing MusclePharm to draw down the remaining $4 million to
support general business activities.  This line continues to
support the cash flow needs of the business.

As mentioned, MusclePharm has bolstered its management team by
attracting experienced professionals to lead the way.  In March
2016, our Executive Chairman, Ryan Drexler, took over as interim
CEO and President, both of which titles were made permanent
effective November 18, 2016.  Mr. Drexler's experience includes
having served as President of Country Life Vitamins, where he
launched numerous nutritional supplement brands, expanded sales and
distribution, and ultimately sold Country Life to an international
conglomerate.  The process of strengthening our management team
began with the appointment of Brian Casutto as Executive Vice
President of Sales and Operations in August 2015, and was followed
by several key appointments under Mr. Casutto in 2016.

Attracting a team of results-driven executives with proven track
records has enabled MusclePharm to make progress across many
fronts. Below are financial highlights for the full-year 2016:

   * Increased sales of $5 million (4%) as well as improved gross
     margin of $2 million (4%) on a pro forma basis (excluding
     discontinued and terminated product lines).  On an actual
     basis, sales and gross margin decreased by $34 million (21%)
     and $12 million (22%), respectively; however, due to the
     streamlining of our product line to eliminate low margin
     products, we believe that we are in a significantly
     strengthened position for 2017.
  
   * Adjusted EBITDA increased to $11.2 million on a pro forma
     basis from a loss of $2.7 million in 2015 (excluding major
     nonrecurring expenses)

   * Reduced advertising and promotion expense 61% year-over-year

   * Reduced salaries and benefits 42% year-over-year
  
   * Reduced SG&A 18% year-over-year
  
   * Reduced R&D 56% year-over-year
  
   * Reduced professional fees 16% year-over-year
With an improved cost structure and balance sheet, coupled with a
more streamlined business plan and experienced management team, we
believe MusclePharm is well-positioned to compete in the
multi-billion-dollar, high-growth sports nutrition and supplement
market.

Going forward, we expect our growth to be fueled by new product
initiatives and increased awareness of the balance between diet,
exercise and health among the general public.  We believe that the
improvements we've made to our infrastructure and organization
serve as the building blocks in our strategy to capture an
increasing share of this market and solidify MusclePharm's position
as a well-rounded company with award-winning products  for a wide
range of athletes.  We currently have products available in more
than 120 countries and approximately 48,000 retail outlets
worldwide, however, there is more work to be done, and we do not
intend to take our foot off the pedal.

We approach 2017 and beyond with a renewed focus on growing sales
both domestically and internationally, supported by a more
streamlined business plan and improved operational efficiencies.
Now that we have eliminated unprofitable SKUs and divested
capital-intensive manufacturing operations, we plan to direct our
attention to developing and marketing our higher margin products.
Furthermore, we plan to expand into new product categories to
better address a progressively health-aware general public.  As
mentioned above, we recently launched the MusclePharm Natural
Series, a line of gluten-free (no soy or dairy), vegan, non-GMO,
premium products targeting individuals seeking an organic
alternative to traditional nutritional products and supplements.
The Natural Series line complements our existing range of
premium-quality products and represents a new retail category for
the Company that we believe provides a significant opportunity to
access new retail channels in natural food chains both domestically
and abroad.

As we enter the next stage in our growth, we remain committed to
consistent and transparent shareholder communications.

On behalf of management and the Board of Directors, we thank you
for your continued support, and we look forward to our mutual
success.

Best,

Michael J. Doron
Lead Director
MusclePharm Corporation

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

                    https://is.gd/snzHM5

                      About MusclePharm

Headquartered in Denver, Colorado, MusclePharm Corporation (OTCQB:
MSLP) -- http://www.muslepharm.com/-- develops and manufactures a
full line of National Science Foundation approved nutritional
supplements that are 100 percent free of banned substances.
MusclePharm is sold in over 120 countries and available in over
5,000 U.S. retail outlets, including GNC and Vitamin Shoppe.
MusclePharm products are also sold in over 100 online stores,
including bodybuilding.com, Amazon.com and Vitacost.com.


NAVIDEA BIOPHARMACEUTICALS: Cardinal Health Owns 5.8% Equity Stake
------------------------------------------------------------------
In a Schedule 13G filed with the Securities and Exchange
Commission, Cardinal Health, Inc. disclosed that as of March 3,
2017, Cardinal beneficially owns 10,000,000 shares of common stock
of Navidea Biopharmaceuticals, Inc., representing 5.8% of total
shares of Common Stock outstanding.

On March 3, 2017, pursuant to the Asset Purchase Agreement, dated
November 23, 2016, by and between the Issuer and Cardinal Health
414, LLC, a wholly owned subsidiary of Cardinal Health, Navidea
issued to 414 LLC a warrant to purchase up to 10,000,000 shares of
Common Stock.  Cardinal Health does not directly own the Warrant or
any Common Stock of the Issuer; however, by reason of the
provisions of Rule 13d-3 under the Securities Exchange Act of 1934,
as amended, Cardinal Health is deemed to beneficially own the
Warrant that is owned by 414 LLC and the 10,000,000 shares of
Common Stock issuable upon exercise or exchange of the Warrant.

A full-text copy of the Form 13G report is available at:

                           https://is.gd/a53UFi

                             About Navidea

Navidea Biopharmaceuticals, Inc., is a biopharmaceutical company
focused on the development and commercialization of precision
immunodiagnostic agents and immunotherapeutics.  Navidea is
developing multiple precision-targeted products based on our
Manocept platform to help identify the sites and pathways of
undetected disease and enable better diagnostic accuracy, clinical
decision-making, targeted treatment and, ultimately, patient care.

Navidea reported a net loss of $27.56 million in 2015, a net loss
of $35.72 million in 2014 and a net loss of $42.69 million in 2013.
As of Sept. 30, 2016, Navidea had $11.18 million in total assets,
$74.96 million in total liabilities and a total stockholders'
deficit of $63.77 million.


NAVIDEA BIOPHARMACEUTICALS: Thomas Klima Resigns as EVP & CCO
-------------------------------------------------------------
In a current report on Form 8-K filed with the Securities and
Exchange Commission, Navidea Biopharmaceuticals, Inc., discloses
that on March 8, 2017, Thomas J. Klima resigned as Senior Vice
President and Chief Commercial Officer of Navidea to pursue other
opportunities.  A full-text copy of the Form 8-K report is
available at
https://is.gd/yQBYro

                          About Navidea

Navidea Biopharmaceuticals, Inc., is a biopharmaceutical company
focused on the development and commercialization of precision
immunodiagnostic agents and immunotherapeutics.  Navidea is
developing multiple precision-targeted products based on our
Manocept platform to help identify the sites and pathways of
undetected disease and enable better diagnostic accuracy, clinical
decision-making, targeted treatment and, ultimately, patient care.

Navidea reported a net loss of $27.56 million in 2015, a net loss
of $35.72 million in 2014 and a net loss of $42.69 million in 2013.
As of Sept. 30, 2016, Navidea had $11.18 million in total assets,
$74.96 million in total liabilities and a total stockholders'
deficit of $63.77 million.


NEIMAN MARCUS: Bank Debt Trades at 22% Off
------------------------------------------
Participations in a syndicated loan under Neiman Marcus Group Inc
is a borrower traded in the secondary market at 78.25
cents-on-the-dollar during the week ended Friday, March 10, 2017,
according to data compiled by LSTA/Thomson Reuters MTM Pricing.
This represents a decrease of 2.45 percentage points from the
previous week.  Neiman Marcus pays 300 basis points above LIBOR to
borrow under the $2.9 billion facility. The bank loan matures on
Oct. 16, 2020 and carries Moody's B2 rating and Standard & Poor's
CCC+ rating.  The loan is one of the biggest gainers and losers
among 247 widely quoted syndicated loans with five or more bids in
secondary trading for the week ended March 10.


NEONODE INC: Incurs $5.29 Million Net Loss in 2016
--------------------------------------------------
Neonode Inc. filed with the Securities and Exchange Commission its
annual report on Form 10-K disclosing a net loss attributable to
the Company of $5.29 million on $10.21 million of total revenues
for the year ended Dec. 31, 2016, compared with a net loss
attributable to the Company of $7.82 million on $11.11 million of
total revenues for the year ended Dec. 31, 2015.

The Company's revenue for the fourth quarter of fiscal 2016 is $2.9
million, a 3% decrease, compared to $3.0 million for the fourth
quarter of 2015 . Revenues for the fourth quarter of fiscal 2016
included $2.3 million from license fees, $0.5 million, from NRE
fees and $0.1 million from sales of AirBar compared to revenues of
$1.7 million from license fees and $1.3 million from NRE fees for
the fourth quarter of 2015.  The Company's gross margin was $2.5
million, or 89%, in 2016 compared to $1.2 million, or 39%, in the
same quarter of 2015.  Net loss for the fourth quarter of fiscal
2016 was $0.4 million, or $0.01 loss per share, compared to a net
loss of $2.6 million, or $0.06 loss per share, for the fourth
quarter in 2015.

As of Dec. 31, 2016, the Company had $9.70 million in total assets,
$5.56 million in total liabilities and $4.13 million in total
stockholders' equity.

"In 2016 we focused investments in the development of our
technology and highly automated manufacturing processes.  We are
now able to offer embedded hardware sensors to our customers which
allows them to reduce time to market for their products.  Selling
modules enable us to enter new markets and earn higher profits
compared to licensing," said Thomas Eriksson, Neonode CEO.  "We
reached a key milestone in December when we started shipping our
first consumer electronics product, AirBar."

"AirBar is powered by our sensor modules which we now produce and
ship in volume.  In 2016, we established a global distribution
channel with Ingram Micro and began shipping our 15.6 inch version
for PCs.  Consumers now can purchase AirBar through major retailers
such as Amazon, Best Buy and Walmart.  At CES in January 2017, we
announced our new AirBar for Apple MacBook Air and new sizes for
Windows based PCs.  These products are scheduled to ship by the end
of March 2017.  To expand sales, AirBar will be available soon on
Dell.com in the US and later in Europe and India," continued Mr.
Eriksson.

"In 2016 licensing revenue increased driven by our automotive and
printer customers.  Automotive license revenues increased 126 %
over 2015 and printer license revenues increased 64%.  Our
customers continue to release new products and we expect license
revenues to continue to increase in 2017.  We now have licensing,
modules and consumer products contributing to our total revenues,"
concluded Mr. Eriksson.

Cash and accounts receivable totaled $5.0 million at Dec. 31, 2016,
compared to $4.4 million at Dec. 31, 2015.  Common shares on a
fully diluted basis including common stock, stock options and
warrant outstanding totaled approximately 58.6 million shares on
Dec. 31, 2016, compared to approximately 46.5 million shares at
Dec. 31, 2015.

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

                         https://is.gd/7IF9du

                           About Neonode Inc.
           
Lafayette, Calif.-based Neonode Inc. (NASDAQ:NEON) --
http://www.neonode.com/-- develops and licenses optical
interactive sensing technologies.  Neonode's patented optical
interactive sensing technology is developed for a wide range of
devices like automotive systems, printers, PC devices, monitors,
mobile phones, tablets and e-readers.  NEONODE and the NEONODE Logo
are trademarks of Neonode Inc. registered in the United States and
other countries. AIRBAR is a trademark of Neonode Inc.  All other
trademarks are the property of their respective owners.


NEONODE INC: Proposes to Offer $20 Million Common Shares
--------------------------------------------------------
Neonode Inc. filed with the U.S. Securities and Exchange Commission
a Form S-3 registration statement relating to the offering of
shares of common stock with an aggregate offering price of up to
$20,000,000.

The Company's common stock is quoted on the NASDAQ Capital Market
under the symbol "NEON."  On March 14, 2017, the last reported
sales price of its common stock, as reported on the NASDAQ Capital
Market, was $1.60 per share.

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

                        https://is.gd/ZksII8

                          About Neonode

Lafayette, Calif.-based Neonode Inc. (NASDAQ:NEON) develops and
licenses optical interactive sensing technologies.  Neonode's
patented optical interactive sensing technology is developed for a
wide range of devices like automotive systems, printers, PC
devices, monitors, mobile phones, tablets and e-readers.  NEONODE
and the NEONODE Logo are trademarks of Neonode Inc. registered in
the United States and other countries. AIRBAR is a trademark of
Neonode Inc. All other trademarks are the property of their
respective owners.  For more information please visit
www.neonode.com.

Neonode reported a net loss attributable to the Company of $5.29
million on $10.21 million of total revenues for the year ended Dec.
31, 2016, compared to a net loss attributable to the Company of
$7.82 million on $11.11 million of total revenues for the year
ended Dec. 31, 2015.

As of Dec. 31, 2016, the Company had $9.70 million in total assets,
$5.56 million in total liabilities and $4.13 million in total
stockholders' equity.


NEW STREAMWOOD: Court Approves 5th Amended Disclosure Statement
---------------------------------------------------------------
Judge Timothy A. Barnes of the U.S. Bankruptcy Court for the
Northern District of Illinois approved the disclosure statement in
support of the plan of reorganization filed by New Streamwood
Lanes, Inc on Nov. 29, 2016.

As previously reported, under the plan, general unsecured creditors
will receive a distribution of 1% over five years without interest.
Payments and distributions under the Plan will be funded by the
Debtor's regular operations of the business and cash on hand.

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

        http://bankrupt.com/misc/ilnb14-20808-299.pdf

                 About New Streamwood Lanes

New Streamwood Lanes, Inc., filed a chapter 11 petition (Bankr.
N.D. Ill. Case No. 14-20808) on June 2, 2014.  The petition was
signed by Terence Vaughn, president.  The Debtor is represented by
Ryan Kim, Esq., at Inseed Law PC.  The case is assigned to Judge
Benjamin Godgar.  The Debtor's estimated assets and liabilities at
$1 million to $10 million at the time of the filing.


NN INC: Moody's Assigns B2 Rating to New $30MM Loan Add-on
----------------------------------------------------------
Moody's Investors Service assigned a B2 rating to NN, Inc.'s (NN)
new $300 senior secured add-on term loan. The net proceeds from the
add-on term loan, along with a portion of cash on hand are expected
to be used to repay the company's existing senior unsecured notes,
reduce outstandings under the revolving credit facility, and pay
related fees and expenses. In a related action Moody's affirmed
NN's Corporate Family Rating (CFR) at B2, downgraded the
Probability of Default Rating (PDR) to B3-PD, and downgraded the
existing senior secured credit facilities to B2 from Ba3. The
downgrade of the PDR and the existing senior secured credit
facilities reflects the preponderance of secured debt in the
capital structure following the transaction. Moody's also upgraded
the Speculative Grade Liquidity (SGL) Rating to SGL-2 from SGL-3.
The rating outlook remains stable.

NN, Inc.

B2 (LGD3), to the new add-on senior secured term loan
due 2021

The following ratings were downgraded:

$143 million senior secured revolver due 2020, to
B2 (LGD3) from Ba3 (LGD3);

$545 million senior secured term loan due 2022, to
B2(LGD3) from Ba3 (LGD3);

Probability of Default Rating, to B3-PD from B2-PD;

The following rating was affirmed:

NN, Inc.

Corporate Family Rating at B2;

The following rating was raised:

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

The following rating is unaffected and will be withdrawn upon its
repayment:

$250 million senior unsecured notes due 2023, at Caa1 (LGD5)

RATINGS RATIONALE

The affirmation of NN's CFR at B2 reflects the company's high
leverage and modest size, balanced by improving operating
performance following the integration of recent acquisitions and
the company's diverse competitive profile. For the fiscal year-end
2016 NN's debt/EBITDA approximated 6.4x (inclusive of Moody's
standard adjustments). While this measure is above Moody's
expectation for period, NN has continued to make progress in
delivering gradually improving profitability, albeit below Moody's
expectations, and using excess cash to reduce debt in 2016. The
company's EBITA margin approximated 10% in 2016 compared to 6% in
2015. Pro forma for the second half of 2016, NN's Debt/EBITDA is
estimated at 5.8x. While the pace of acquisitions over the recent
years has increased the company's revenue to base to $833 million
(a 223% increase from 2014), the company's scale remains modest
under Moody's Global Automotive Supplier Industry methodology. The
rating benefits from NN's exposure to diverse industries including
automotive, aerospace & defense, electrical, industrial, and
medical. The company's exposure to non-automotive industries of
just over 50% helps diversify revenue cyclicality. NN's competitive
position is also supported by long-standing customer relationships
and a strong mix of highly engineered products which create
meaningful market entry barriers.

The proposed transaction is expected to improve debt service costs
and support stronger free cash flow generation. Yet, the
transaction will modestly increase the company's debt/EBITDA
leverage to about 6.1x, pro forma for the second-half of December
31, 2016. While the current leverage is considerably high for the
rating, Moody's expects debt/EBITDA to approach 5.0x by year-end
2017 on estimates for improved profitability and the use of a
modest amount of free cash flow towards debt repayment.

The stable outlook incorporates Moody's expectation of gradually
improving operating performance over the near-term. Expected
stronger free cash flow generation in 2017, as the company realizes
benefits from restructuring actions, should support deleveraging.
However, further short falls in the company's progress could result
in lower rating pressure.

The SGL-2 rating reflects Moody's anticipations that NN will have a
good liquidity profile over the near-term. The upgrade in the
company's liquidity profile incorporates Moody's expectation of
stronger free cash flow generation over the next 12-15 months in
the mid-single digits as a percentage of adjusted debt, supported
by lower spending on restructuring initiatives that the company had
undertaken in 2016. Cash on hand as of December, 31, 2016 was $14.4
million. The $143 million revolving credit facility had
approximately $117 million of availability after $24 million in
borrowings and about $2.2 million in letters of credit outstanding.
Pro forma for the transaction, availability should increase by $9
million. Over the next 12-18 month, NN's free cash flow generation
should support full availability under the revolving credit
facility. The revolver contains a springing maximum net leverage
ratio based on usage which Moody's do not expects to be sprung over
the next 12 to 18 months.

Consideration for a higher outlook or rating could result from
achieving debt/EBITDA below 3.5x and EBITA/interest expense,
inclusive of restructuring charges, above 3.5x supported by
outpacing industry growth trends. Other considerations include
balanced shareholder return policies along with more a moderate
pace of acquisition growth.

Future events that have the potential to drive a lower outlook or
rating include debt-funded acquisitions that result in the
weakening of credit metrics, the inability to successfully
integrate acquisitions, or weakness in global automotive
production. Consideration for a lower outlook or rating could
result from, in Moody's view, debt/EBITDA remaining above 5x for a
prolonged period, or EBITA/interest below 2.5x. A weakening
liquidity profile could also drive a negative rating action.

The principal methodology used in these ratings was Global
Automotive Supplier Industry published in June 2016.

NN, headquartered in Johnson City, Tennessee, is a manufacturer of
metal bearing, plastic, rubber and precision metal components for
use in a variety of global end markets. Revenues for 2016 were $833
million.


NORTH LAS VEGAS: S&P Raises Ratings on GO Debt to 'BB+'
-------------------------------------------------------
S&P Global Ratings raised its long-term rating and underlying
rating (SPUR) to 'BB+' from 'BB-' on North Las Vegas' limited-tax
general obligation (GO) debt outstanding.  The outlook is stable.

"The rating action is based on our view of the city's improved
economic indicators through greater employment diversity and
continued residential and commercial activity," said S&P Global
Ratings credit analyst Michael Parker.

The stable outlook reflects S&P's view of the city's stable economy
and participation in the Las Vegas-Henderson-Paradise metropolitan
statistical area.



NUTRITION RUSH: Sale of Equipment to EOS for $22K Approved
----------------------------------------------------------
Judge Laurel E. Davis of the U.S. Bankruptcy Court for the District
of Nevada authorized Nutrition Rush, LLC's sale of its cooler
equipment located in retail stores to EOS Fitness Brand, LLC for
the total purchase price of $22,400.

A hearing on the Motion was held on Feb. 21, 2017 at 9:30 a.m.

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

A copy of the list of Equipment for sale attached to the Order is
available for free at:

       http://bankrupt.com/misc/Nutrition_Rush_88_Order.pdf

Upon consummation of the sale, the Purchaser will pay the Proceeds
directly to the Internal Revenue Service and the Nevada Department
of Taxation, each of whose liens attach to the Proceeds, as
follows: 58.3% of the Proceeds, or $13,059, will be paid directly
to the Department, and 41.7% of the Proceeds, or $9,341, will be
paid directly to the IRS.

As provided by Federal Rule of Bankruptcy Procedure 7062, the Order
will become effective immediately upon its entry and the 14-day
stay period under
Federal Rule of Bankruptcy Procedure 6004(h) is waived.

                      About Nutrition Rush

Nutrition Rush, LLC, filed a Chapter 11 petition (Bankr. D. Nev.
Case No. 16-16771) on Dec. 22, 2016.  The petition was signed
by Laura Kuveke, managing member.  The case is assigned to Judge
Laurel E. Davis.  The Debtor is represented by Bryan A. Lindsey,
Esq., and Samuel A. Schwartz, Esq., at Schwartz Flansburg PLLC.
At
the time of filing, the Debtor estimated $500,000 to $1 million in
assets and $1 million to $10 million in liabilities.


PARETEUM CORP: Closes Public Offering of $3.5-Mil. Common Shares
----------------------------------------------------------------
Pareteum Corporation announced the closing of its underwritten
public offering of 2,333,334 shares of common stock at a public
offering price of $1.50 per share together with the issuance of
1,166,667 five year warrants to purchase common stock with an
exercise price of $1.87.  In addition, the underwriters exercised
the over-allotment option to purchase an additional 109,133
warrants to purchase common stock.  The gross proceeds from the
offering, excluding any proceeds on the exercise of the warrants,
are expected to be approximately $3,500,000, before deducting the
underwriting discount and estimated offering expenses.

The shares and warrants were offered by Pareteum Corporation
pursuant to a registration statement previously filed with and
subsequently declared effective by the Securities and Exchange
Commission.  A final prospectus supplement relating to the offering
was with the SEC and is available on the SEC's website at
http://www.sec.gov.

Joseph Gunnar & Co., LLC acted as sole book-running manager for the
offering.

                           About Pareteum Corp

New York-based Pareteum Corporation (NYSEMKT: TEUM), formerly known
as Elephant Talk Communications, Inc. -- http://www.pareteum.com/
-- is an international provider of business software and services
to the telecommunications and financial services industry.

Elephant Talk reported a net loss of $5.00 million on $31.0 million
of revenues for the year ended Dec. 31, 2015, compared to a net
loss of $21.9 million on $20.4 million of revenues for the year
ended Dec. 31, 2014.  As of Sept. 30, 2016, Pareteum had $15.26
million in total assets, $21.66 million in total liabilities and a
total stockholders' deficit of $6.40 million.

Squar Milner, LLP, formerly Squar Milner, Peterson, Miranda &
Williamson, LLP, in Los Angeles, California, issued a "going
concern" qualification on the consolidated financial statements for
the year ended Dec. 31, 2015, citing that the Company has suffered
recurring losses from operations, has an accumulated deficit of
$256 million and has negative working capital.  This raises
substantial doubt about the Company's ability to continue as a
going concern, the auditors said.


PARETEUM CORP: Gets Notices to Convert $720,000 Preferred Shares
----------------------------------------------------------------
On March 9, 2017 and March 10, 2017, Pareteum Corporation received
conversion notices from holders of an aggregate of $720,000, or 72
shares, of the Company's Series A Convertible Preferred Stock and
Series A-1 Convertible Preferred Stock.  The Preferred Shares will
convert into shares of common stock, $0.00001 par value per share,
of the Company at a 13% discount to a public offering and will
become effective upon the filing by the Company of a prospectus
supplement disclosing the terms of an offering, as disclosed in a
Form 8-K report filed with the Securities and Exchange Commission.

                        About Pareteum Corp

New York-based Pareteum Corporation (NYSEMKT: TEUM), formerly known
as Elephant Talk Communications, Inc. -- http://www.pareteum.com/
-- is an international provider of business software and services
to the telecommunications and financial services industry.

Elephant Talk reported a net loss of $5.00 million on $31.0 million
of revenues for the year ended Dec. 31, 2015, compared to a net
loss of $21.9 million on $20.4 million of revenues for the year
ended Dec. 31, 2014.  As of Sept. 30, 2016, Pareteum had $15.26
million in total assets, $21.66 million in total liabilities and a
total stockholders' deficit of $6.40 million.

Squar Milner, LLP, formerly Squar Milner, Peterson, Miranda &
Williamson, LLP, in Los Angeles, California, issued a "going
concern" qualification on the consolidated financial statements for
the year ended Dec. 31, 2015, citing that the Company has suffered
recurring losses from operations, has an accumulated deficit of
$256 million and has negative working capital.  This raises
substantial doubt about the Company's ability to continue as a
going concern, the auditors said.


PETCO ANIMAL: Bank Debt Trades at 4% Off
----------------------------------------
Participations in a syndicated loan under Petco Animal Supplies is
a borrower traded in the secondary market at 95.54
cents-on-the-dollar during the week ended Friday, March 10, 2017,
according to data compiled by LSTA/Thomson Reuters MTM Pricing.
This represents a decrease of 0.61 percentage points from the
previous week.  Petco Animal pays 325 basis points above LIBOR to
borrow under the $2.506 billion facility. The bank loan matures on
Jan. 26, 2023 and carries Moody's NR rating and Standard & Poor's B
rating.  The loan is one of the biggest gainers and losers among
247 widely quoted syndicated loans with five or more bids in
secondary trading for the week ended March 10.




PICO HOLDINGS: Bloggers Comment On PICO's Proxy Statement
---------------------------------------------------------
Activist bloggers at http://www.ReformPICONow.comhave expressed
satisfaction on PICO Holdings' Preliminary Proxy Statement released
March 10.  The bloggers consider themselves a generally hard to
please bunch.

The bloggers state that they will vote for all 5 director
candidates: Daniel Silvers, Andrew Cates, Eric Speron, Max Webb and
Greg Bylinsky. "Thus far, these men have markedly improved PICO in
all respects: corporate governance, asset sales, communication,
accountability, expense reduction. Let's not forget, four of the
five candidates took bold action in December 2016, removing two
self-interested Directors that exercised control."

The activist bloggers will vote against a combined Chairman/CEO
arrangement at PICO. "Mr. Webb has thus far done a fine job as CEO,
but he has an almost-two decade track record of silence in the face
of shareholder abuse. We believe that a Chairman's first reaction
to abuse of owners should be a clenched fist, followed by a
self-imposed 'Time Out' in order to avoid a fight. This description
does not apply to Mr. Webb."

The bloggers express confidence in the Delaware Reincorporation
Proposal, an item which they have opposed -- and which has failed
-- for 2 consecutive years. They call this "Delaware
Reincorporation 3.0" The bloggers explain that the rationale for
Delaware Reincorporation 3.0 is protection of Net Operating Losses
from an "Ownership Change" under Section 382 of the Internal
Revenue Code.

"This year, RPN will vote 'For' the Reincorporation Proposal 3.0
for three broad reasons.  First, there are improvements to the
Reincorporation Proposal. Most important to many shareholders, the
2017 Reincorporation Proposal maintains cumulative voting. It also
retains other shareholder protections, namely the ability take
action by written consent and a 10% threshold to call a special
meeting. The blank check preferred stock provisions are also
improved. The second area of improvement which motivates us to vote
'For' Delaware Reincorporation 3.0 involves the people. These
Directors are different; up until now, these gentlemen have proven
themselves to be shareholder oriented and trustworthy. Corporate
governance has been improved, capital is poised to be returned and
promises have mostly been fulfilled. Greater integrity deserves
greater trust. Third, we will vote for Delaware Reincorporation 3.0
due to corporate governance improvements. Implementation of best
practices at PICO have left these Directors sufficiently
accountable to shareowners. With hard delcassification, cumulative
voting, Director compensation paid in shares and two large
shareowners on the Board, we feel that NOL protection can be
prioritized over maximum equityholder rights."

To increase the chances of passage of Delaware Reincorporation 3.0,
the bloggers encourage the PICO Board to begin share repurchases.
"We understand that this Board has a complicated decision regarding
return of capital. There are several options, all with costs,
benefits, supporters and detractors. But as our Crack Strategist
said: 'Look, even if you buy back 10,000 shares per day at an
accretive price, that's still accretive to shareholder value.'

Given PICO's current share price, we believe the Board should begin
repurchasing shares, even if in only token amounts. Token value
creation is better than no value creation. PICO could alert owners
to the buyback before the Annual Meeting with a press release
covering other sundry matters, with mention of capital return in an
'Oh by the way' fashion. That way, RPN could advocate for
Reincorporation 3.0 with confidence and PICO hawks would be
quieted."

The bloggers continue their campaign to maximize value at PICO's
homebuilder subsidiary, UCP.  They state, "At PICO, changes
implemented and poised to be implemented, represent modern best
practices. At UCP, corporate governance is a sorry affair. Here are
the examples of poor corporate governance and entrenchment at UCP:

     A) Classified Board;

     B) No stockholder action by written consent;

     C) Directors removable by shareholders only for cause;

     D) Special Meetings only called by Board, Chairman or CEO;

     E) No cumulative voting; and

     F) Potentially abusive preferred stock issuance.

"PICO recently filed a 13D/A as majority investor in UCP. PICO
makes 7 Proposals to improve corporate governance at UCP, all of
which PICO has adopted itself. In other words, PICO isn't asking
UCP to do anything it has not already done.

"PICO's 7 Proposals for UCP should be included in the UCP Proxy
Statement and endorsed by the UCP Board. If approved by UCP's
independent shareholders, UCP should adopt the 7 Proposals.

"Anything less will be interpreted as entrenchment and breach of
fiduciary duty."

PICO Holdings, Inc. (Nasdaq:PICO), based in La Jolla, Calif., is a
diversified holding company reporting recurring losses since 2008.
PICO owns 57% of UCP, Inc. (NYSE:UCP), 100% of Vidler Water
Company, Inc., a securities portfolio and various interests in
small businesses. PICO has $662 million in assets and $426 million
in shareholder equity. Amundi and River Road Asset Management LLC
collectively own more than 16% of PICO. Other activists at
http://ReformPICONow.com/(RPN) have taken to the Internet to
advance the shareholder cause.


PINNACLE OPERATING: S&P Raises CCR to 'CCC+' on Debt Exchange
-------------------------------------------------------------
S&P Global Ratings said that it raised its corporate credit rating
on Colorado-based distribution company Pinnacle Operating Corp. to
'CCC+' from 'SD'.  The rating outlook is stable.

At the same time, S&P raised its issue-level rating on the
remaining portion of the company's second-lien debt (approximately
10% of the old second-lien notes) to 'CCC-' from 'D'.  The recovery
rating on the debt remains '6', indicating S&P's expectation for
negligible (0%-10%; rounded estimate: 0%) recovery in the event of
payment default.

S&P also assigned its 'CCC-' issue-level and '6' recovery ratings
to the company's new 1.5-lien debt due in 2023.  The '6' recovery
rating indicates S&P's expectation for negligible (0%-10%; rounded
estimate: 0%) recovery in the event of payment default.

S&P also assigned its 'CCC+' issue-level and '3' recovery ratings
to the company's new first-lien term loan.  The '3' recovery rating
indicates S&P's expectation for meaningful (50%-70%; rounded
estimate: 50%) recovery in the event of payment default.

Additionally, S&P withdrew its 'CCC' issue-level and '4' recovery
ratings on the company's previously issued first-lien term loan at
the same time that S&P rated the new, extended term loan.

"The upgrade reflects our reassessment of our corporate credit
rating on Pinnacle following the company's exchange of most of its
outstanding second-lien notes due 2020 for a combination of
preferred equity and new 1.5-lien notes," said S&P Global Ratings'
credit analyst Allison Schroeder.  The company's capital structure
now comprises approximately $210 million new 1.5-lien notes due
2023, a new approximately $336 million first-lien term loan due
2021 (which replaced the first-lien term loan due 2018), and a $435
million asset-based lending (ABL) credit facility due 2020 (which
was extended from 2017 as part of this transaction).  S&P also
continues to rate the remaining portion of the company's
second-lien notes, approximately $30 million due 2020, which were
not exchanged.  Lastly, S&P views the company's $240 million
referred equity (which accrues at 3% annually) at a parent holding
company as debt-like, and S&P includes this in its leverage
calculations for the company.  The transaction will lead to some
cash interest savings for the company over the next year.

The corporate credit rating reflects S&P's expectation that
Pinnacle's debt leverage will remain at unsustainable levels over
the next 12 months, and its liquidity sources will not exceed its
uses by more than 1.2x over the next year, despite the
recapitalized structure.  The rating also reflects S&P's assessment
of Pinnacle's business risk profile as vulnerable, given its
volatile profits compared with its industry peers', such as Nexeo
Solutions LLC, in a challenging operating environment. The company
doesn't have a solid track record of integrating acquisitions,
which presents some operating efficiency risks.

"The stable outlook reflects our view that although Pinnacle's debt
leverage level is unsustainable, the company will not face a
payment crisis during the next 12 months as a result of its new
debt structure and extended maturity profile," said Ms. Schroeder.
S&P also believes the company will have leverage above 10x and
modest positive free cash flow in 2017.  S&P's corporate credit
rating assume a modest improvement in Pinnacle's operating
conditions in 2017 relative to 2016, based on S&P's view that the
nitrogen fertilizer sector should see modest improved conditions in
2017.

S&P could lower its corporate credit rating on Pinnacle during the
next 12 months if the company increases its leverage, which could
result from debt-funded acquisitions; or if its earnings were to
weaken due to erosion in margins, which could result from product
mix shifts, operating inefficiencies related to acquisitions,
higher SG&A (selling, general, and administrative expenses), or a
prolonged period of severe weather or other adverse industry
conditions.  S&P could also lower the rating if it no longer deems
the company's management or financial-sponsor ownership to be
supportive of its overall credit quality, if the company's
liquidity position deteriorates such that there is a material
deficit over the next 12 months, if S&P expects the company to
breach its covenant, or if the company fails to meet its interest
obligations.

S&P could raise the rating over the next year if the company
improves its leverage metrics such that S&P expected adjusted debt
to EBITDA on a combination of historical and projected figures
(including preference stock, which S&P views as debt) to remain
below 10x on a sustained basis.  This could occur if the company
successfully cuts costs and achieves greater-than-expected growth
in its wholesale business or other initiatives.  An upgrade would
also depend on the company improving its liquidity position to a
level S&P assess as adequate, specifically its liquidity sources
would exceed uses by more than 1.2x.



PRECISION WELDING: Asks Court to Approve Disclosure Statement
-------------------------------------------------------------
Precision Welding, Inc., asks the U.S. Bankruptcy Court for the
Central District of California to approve the adequacy of the
disclosure statement explaining its Plan.

According to the Debtor, the filed Disclosure Statement is
comprehensive, and provides the information called for by the
Court's mandatory form, including, among other things, the Debtor's
history, events leading to the Chapter 11 filing, and claims
asserted against the estate including discussion of any objections
to claims and any reclassification of claims.

                About Precision Welding

Precision Welding, Inc., filed a chapter 11 petition (Bankr. C.D.
Cal. Case No. 16-20823) on Aug. 15, 2016.  The petition was signed
by David Jones, president and CEO.  The case is assigned to Judge
Sandra R. Klein.  The Debtor disclosed total assets of $1.07
million and total liabilities of $909,260.

The Debtor is represented by Steven R. Fox, Esq., at the Law
Offices of Steven R. Fox.  The Debtor hired Lucove, Say & Co. as
its accountant.


RELIABLE RACING: Secured Claims Won't Get Distribution Under Plan
-----------------------------------------------------------------
Reliable Racing Supply, Inc., nka RR Lquidation, Inc., filed with
the U.S. Bankruptcy Court for the Northern District of New York an
amended disclosure statement dated March 8, 2017, referring to the
Debtor's plan of liquidation.

There is no class of secured claims that will receive a
distribution under the Plan.  All of the Debtor's assets were sold
as part of the asset sale and proceeds of the sale were paid to
creditors to the extent their security interests.  TD Bank, N.A.,
elected to not file a proof of claim for its unsecured deficiency
claim.  The Warren County Local Development Corporation's claim has
been amended to allow an unsecured deficiency claim in the amount
of $95,083.33.

Under the Plan, each holder of a priority tax claim will receive
from the Debtor on the Effective Date of the Plan full payment of
its claim from the carve out.  The Internal Revenue Service's claim
is estimated at $5,233.77.

As reported by the Troubled Company Reporter on Feb. 2, 2017, the
Debtor filed with the Court a disclosure statement dated Jan. 30,
2017, referring to the Debtor's plan of liquidation filed by the
Debtor on Jan. 30, 2017, which proposed that holders of Class 2
General Unsecured Claims -- estimated at $1,214,676.89 -- to
recover 1.5%.  Payments under the Plan will be funded by the
$70,000 carve-out paid to the estate by the Purchaser in connection
with the Debtor's asset sale.  The Carve-Out is currently held in
an lOLA account with Debtor's counsel.  After payment of
administrative and priority claims on the Effective Date, LG will
pay the remaining portion of the Carve-Out to the Debtor for
distribution to unsecured creditors.  The Debtor will strive to
make distributions to unsecured creditors as soon after the
Effective Date as possible.

A copy of the Amended Disclosure Statement is available at:

         http://bankrupt.com/misc/nynb16-10619-112.pdf

                  About Reliable Racing Supply

Reliable Racing Supply, Inc., doing business as Inside Edge Ski &
Bike, sells ski, bike and snowboard equipment through its store
Inside Edge Ski, Board & Bike located at 643 Upper Glen Street,
Queensbury, New York.  It also sells ski racing products to its
consumers through its Wintersports online catalog.

The Debtor, now known as RR Lquidation Inc., filed a Chapter 11
petition (Bankr. N.D.N.Y. Case No. 16-10619) on April 7, 2016.  The
petition was signed by John Jacobs, president.  The case is
assigned to Judge Robert E. Littlefield, Jr.  The Debtor is
represented by Meghan M. Breen, Esq., at Lemery Greisler, LLC.

The Debtor disclosed assets of $2.98 million and liabilities of
$2.55 million as of Feb. 29, 2016.  

On Jan. 30, 2017, the Debtor filed its Chapter 11 plan of
liquidation and disclosure statement.


RICEBRAN TECHNOLOGIES: Appoints Brent Rystrom as CFO
----------------------------------------------------
In March 8, 2017, Brent R. Rystrom, 53, was appointed Chief
Financial Officer of RiceBran Technologies.   Mr. Rystrom brings
over 25 years of business finance experience, including over 20
years of service as a Director of Research and Senior Financial
Analyst for several prominent investment banking firms, including
Piper Jaffray and Feltl & Company. Over his 11 years of service at
Piper Jaffray he was named a Wall Street Journal "Best on the
Street" analyst and a "Top 10" Retailing Industry Analyst from
Reuter's.

Pursuant to the Employment Agreement, the Company agreed to pay Mr.
Rystrom an annual salary of $200,000 and a signing fee of $25,000
and agreed to reimburse Mr. Rystrom for his relocation expenses up
to $40,000.  Mr. Rystrom is eligible to participate in any Company
annual bonus program applicable to senior officers and approved by
the Company's Compensation Committee.

If the employment of Mr. Rystrom is terminated by the Company
without "cause" or is terminated by Mr. Rystrom with "good reason",
then Mr. Rystrom will be entitled to receive an amount equal to all
previously accrued but unpaid compensation and the base salary that
Mr. Rystrom would have been paid for 90 days following notice of
termination or resignation. In addition, if Mr. Rystrom's
employment terminates within 60 days before to 90 days after a
change of control transaction, Mr. Rystrom will be entitled to
receive an amount equal to 180 days of his then effective base
salary.
                              
In connection with Mr. Rystrom's appointment, Jerry Dale Belt's
position as the Company's Chief Financial Officer terminated,
effective as of March 8, 2017.  Mr. Belt will remain with the
Company and serve as the Company's Executive Vice President of
Special Projects. On March 8, 2017, Mr. Belt also entered into an
amendment to his employment agreement that extended his term of
employment through December 31, 2017.

On March 8, 2017, the employment agreement for Dr. Robert Smith,
the Company's Chief Executive Officer, is amended to extend his
term of employment from June 1, 2017 to Dec. 31, 2017, to reflect
his current title and base annual salary of $250,000 and to provide
for the March 8, 2017 grant to Dr. Smith of an option to purchase
100,000 shares of the Company's common stock pursuant to the
Company's 2014 Equity Incentive Plan.

The full text of the Employment Agreement is available for free at
https://is.gd/2Bex1i

                            About RiceBran

Scottsdale, Ariz.-based RiceBran Technologies, a California
corporation, is a human food ingredient and animal nutrition
company focused on the procurement, bio-refining and marketing of
numerous products derived from rice bran.

RiceBran reported a net loss of $10.6 million on $39.9 million of
revenues for the year ended Dec. 31, 2015, compared to a net loss
of $26.6 million on $40.10 million of revenues for the year ended
Dec. 31, 2014.

As of Sept. 30, 2016, RiceBran had $31.22 million in total assets,
$31.86 million in total liabilities, $551,000 in total temporary
equity and a total deficit of $1.19 million.

The Company's auditors Marcum LLP, in New York, NY, issued a "going
concern" qualification on the consolidated financial statements for
the year ended Dec. 31, 2015, citing that the Company has suffered
recurring losses from operations resulting in an accumulated
deficit of $251 million at Dec. 31, 2015.  This factor among other
things, raises substantial doubt about its ability to continue as a
going concern, the auditors said.


RITA RESTAURANT: Disclosures OK’d; Plan Outline Hearing on April
12
---------------------------------------------------------------------
Judge Ronald B. King of the U.S. Bankruptcy Court for the Western
District of Texas approved the disclosure statement describing the
joint plan of reorganization, dated Jan 19, 2017, filed by Rita
Restaurant Corp. and its affiliates.

For purposes of voting on the Plan, the Court ordered that the
amount of a claim held by a creditor will be determined pursuant to
the following guidelines:

   (a) The claim listed in a Debtor's schedule of liabilities,
provided that (i) such claim is not scheduled as contingent,
unliquidated or disputed, and (ii) no proof of claim has been
timely filed (or otherwise deemed timely filed by the Court under
applicable law).

   (b) The noncontingent and liquidated amount specified in a proof
of claim timely filed with the Court (or otherwise deemed timely
filed by the Court under applicable law) to the extent the proof of
claim is not the subject of an objection (or, if such claim has
been resolved pursuant to a stipulation or order entered by the
Court, or otherwise resolved by the Court, the amount set forth in
such stipulation, order or resolution).

   (c) The amount temporarily allowed by the Court for voting
purposes, pursuant to Bankruptcy Rule 3018(a), provided that a
motion is brought, notice is provided and a hearing is held prior
to the Confirmation Hearing, in accordance with the Bankruptcy
Code, the Bankruptcy Rules and the Local Rules.

Any objection, comment or response to confirmation of the Plan must
be in writing, served on the parties involved, and filed with the
Court on or before April 6, 2017.

A hearing will be held on April 12, 2017, at 1:30 p.m. (prevailing
Central Time) at the U.S Bankruptcy Court for the Western District
of Texas, Hipolito F. Garcia Federal Building and U.S. Courthouse,
615 E. Houston Street, Courtroom 1, San Antonio, Texas 78205.

         Equity Holders to Get 0% Under Amended Plan

The Debtors filed with the U.S. Bankruptcy Court for the Western
District of Texas a second amended disclosure statement dated March
6, 2017, for the Debtors' joint plan of reorganization, proposing
that Class 5 Equity Interests are fully impaired.  The holders of
Equity Interests in Rita Restaurant Corp. will be cancelled and
holders thereof will receive nothing on account of their interests.
All intercompany Equity Interests will be reinstated and remain
unimpaired.  Holders are expected to recover 0%.

Class 1 Priority Claims (Tax, Property Tax, Other) -- estimated at
$50,000 -- are impaired by the Plan.  The holder is expected to
recover 100%.  Except to the extent that a holder of an Allowed
Priority Claim agrees to a different treatment, each holder of an
Allowed Priority Claim will be paid in full by the Reorganized
Debtor in quarterly cash installments, commencing on the first day
of the first month following the Effective Date, over a period of
one year, with interest at a rate at the Plan Interest Rate.  Any
Priority Claim initially scheduled or claimed as a Priority Claim,
but which ultimately is allowed as a General Unsecured Claim will
be paid the same percentage distribution on its General Unsecured
Claim as other General Unsecured Claims in Class 4, but not from
the GUC Settlement Cash.

Alamo HDP will make a cash contribution to the Debtors, sufficient
to permit the Debtors to pay all Allowed Administrative Claims in
full and pay an estimated 10% dividend to all Allowed General
Unsecured Claims based on an estimated General Unsecured Claims
pool of $3.25 million.  The actual distribution to Allowed General
Unsecured Claims may vary depending on the total ultimate amount of
Allowed General Unsecured Claims.

The Debtors will contribute available cash on hand to fund the
Plan.  

If the Debtors do not have sufficient cash on hand as of the
Effective Date to make the payments required to be made on the
Effective Date under the Plan, the DIP Lender, FMP, Alamorita and
Alamo HDP will provide or make arrangements for providing any
necessary funding to satisfy any shortfall, including but not
limited to, funds necessary to satisfy allowed (i) claims arising
under 11 U.S.C. Section 503(b)(9); (ii) claims arising the
Perishable Agricultural Commodities/Stockyard Act; (iii) claims for
unpaid October 2016 stub rent for leases that are not being assumed
by the Debtors; (iv) cure Claims required to be paid in connection
with the assumption of any executory contracts or unexpired leases
to be assumed by the Debtors under the Plan; (v) any claim relating
to any prepetition contractual relationships between the Debtors
and either Gordon Foods or Ben E. Keith; and (vi) fee claims,
provided, however, that the Fee Claims of the professionals
retained by the Committee shall not exceed $175,000.  On the
Effective Date of the Plan, the Debtors will transfer the GUC
Settlement Cash, and an amount agreed to by the Debtors, Committee,
FMP, DIP Lender, Alamorita and Alamo HDP sufficient to satisfy
Allowed Claims arising under (i) through (v) herein, to an agreed
escrow account, free and clear of any liens or claims except as
provided under the Plan, with monies only to be disbursed pursuant
to the terms of the Plan.  The Reserve will be held by an agreeable
third party escrow agent and the funds in the Reserve will be held
in trust for the benefit of the claims required to be funded by the
Debtors and/or Alamo HDP under the Plan, will not constitute
property of the Reorganized Debtors and will not constitute
Collateral for any Claim against the Reorganized Debtor, including
but not limited to the claims of Lone Star.

The Second Amended Disclosure Statement is available at:

           http://bankrupt.com/misc/txwb16-52272-380.pdf

The Troubled Company Reporter previously reported that under the
proposed plan, each Class 4 general unsecured creditor will receive
10% of its claims up to a cap of $300,000 based on an estimated
claims pool of $3 million.  Rita Restaurant and its affiliates will
contribute available cash on hand to fund the plan.  In case they
do not have sufficient cash on hand as of the effective date, Alamo
HDP will make a cash contribution to pay allowed administrative
claims in full and pay an estimated 10% dividend to allowed general
unsecured claims based on an estimated claims pool of $3 million,
according to the disclosure statement filed on Jan. 19 with the
U.S. Bankruptcy Court for the Western District of Texas.

                     About Rita Restaurant Corp.

Rita Restaurant Corp. and its affiliates operate full service,
casual dining restaurants, consisting of 16 Don Pablo's Mexican
Kitchen restaurants ("Don Pablo's") and 1 Hops Grill and Brewery
restaurant, located in 10 states in the United States.

Don Pablo's is a chain of Tex-Mex restaurants founded in Lubbock,
Texas in 1985.  The menu features Tex-Mex items, salsa, tortillas
and sauces and a range of other Mexican specialties.  At one time,
the chain had as many as 120 location throughout the United States
making it the second largest full service Mexican restaurant chain
in the United States during the late 1990s.

Hops is a casual dining restaurant that offers fresh, made from
scratch menu items in a relaxed atmosphere featuring signature
dishes that are created from high-quality, fresh ingredients,
prepared in a display style kitchen that allows the customer to
view the cooking process.

Rita Restaurant Corp., Don Pablo's Operating, LLC, and Hops
Operating, LLC sought Chapter 11 protection (Bankr. W.D. Tex. Case
Nos. 16-52272, 16-52274, and 16-52275, respectively) on Oct. 4,
2016.  The petitions were signed by Peter Donbavand,
vice-president.  The cases are assigned to Judge Ronald B. King.

The Debtors are represented by John E. Mitchell, Esq. and David W.
Parham, Esq.

At the time of the filing, Rita Restaurant and Don Pablo's
estimated assets and liabilities at $1 million to $10 million,
while Hops Operating estimated assets at $500,000 to $1 million
and
liabilities at $1 million to $10 million.


ROBERT E. THOMPSON: Plan Confirmation Hearing Set for May 2
-----------------------------------------------------------
Judge Martin R. Barash of the U.S. Bankruptcy Court for the Central
District of California approved the disclosure statement for the
plan of reorganization filed by Robert E. Thompson, MD, Inc., A
Professional Corporation.

All ballots accepting or rejecting the Plan must be delivered to
the Debtor's counsel not later than April 10, 2017.

Any objections to the confirmation of the Plan must be made in
writing, filed, and served not later than April 10, 2017.

The hearing on confirmation of the Plan shall be held on May 2,
2017, at 1:30 pm, at 21041 Burbank Boulevard, Courtroom 303,
Woodland Hills, CA 91367.

Counsel for Debtor:

     Mufthiha Sabaratnam, ESQ.
     State Bar No.: 162982
     Law Offices of Mufthiha Sabaratnam
     11601 Wilshire Blvd., Suite 500
     Los Angeles, CA 90025
     Telephone No.: (310)575-4893
     Facsimile No.: (213)403-6230

Robert E. Thompson, MD, A Professional Corporation filed for
chapter 11 bankruptcy protection (Bankr. E.D. Cal. Case No.
15-12310) on July 7, 2015.


ROBERT GALVAN: U.S. Bank Not Bound By Plan, Court Says
------------------------------------------------------
In the case captioned In re: ROBERT MONROE & MICHELLE JOANNE
GALVAN, Debtors, Case No. 2:11-BK-02693-DPC (Bankr. D. Ariz.),
Judge Daniel P. Collins of the U.S. Bankruptcy Court for the
District of Arizona granted the Motion to Obtain Judicial
Determination as to Whether Potential Creditor is Bound by
Confirmation of Chapter 11 Reorganization Plan filed by U.S. Bank
National Association, as Trustee of the Lehman Brothers Small
Balance Commercial Mortgage Pass-Through Certificates, 2007-1.  

Judge Collins also denied the Motion to Hold U.S. Bank National
Association in Contempt of Discharge Injunction and Request for
Sanctions filed by the debtors, Robert M. Galvan and Michelle J.
Galvan.

U.S. Bank alleged that it holds a claim against the debtors by
virtue of a guaranty the debtors signed pre-petition in connection
with a loan made to Revelations in Design, Inc.

The debtors failed to list U.S. Bank (or its predecessor in
interest) in their bankruptcy schedules or on the master mailing
list filed with the Bankruptcy Court.  The debtors' Chapter 11 Plan
was confirmed on January 5, 2012.  The debtors' Plan did not
address their liability to U.S. Bank.  Nevertheless, the debtors
contended that U.S. Bank had actual notice of their bankruptcy
filing prior to confirmation of the Plan and should have acted to
protect its position.  Having failed to do so, the debtors
contended that U.S. Bank's claims should be discharged once the
debtors fully satisfy the terms of the Plan.  The debtors further
contended that U.S. Bank violated the bankruptcy stay when it sued
the debtors post-confirmation in state court.

U.S. Bank argued it did not have actual notice of the the debtors'
bankruptcy until long after the confirmation date but, even if it
did, it is not bound by the Plan because it was not served with
process in the bankruptcy until long after the Plan was confirmed.

Judge Collins held that the Plan cannot discharge U.S. Bank's
claims because the debtors failed to provide U.S. Bank with formal
notice of the the debtors' bankruptcy, the Plan, or the Plan
confirmation order.  The judge also held that the U.S. Bank's
actions in state court did not violate the bankruptcy stay.

A full-text copy of Judge Collins' March 8, 2017 ruling is
available at:

         http://bankrupt.com/misc/azb211-bk-02693-187.pdf

Robert and Michelle Joanne Galvan are represented by:

          Stephen F. Banta, Esq.
          48 North MacDonald
          Mesa, AZ 85201
          Tel: (480)788-3053
          Fax: (480)522-3649
          Email: sbanta@abclawgroup.com

US Bank is represented by:

          Joseph Tirello, Esq.
          Eric Cook, Esq.

Robert Galvan filed a Chapter 11 bankruptcy petition (Bankr. D.
Ariz. Case No. 11-02693) on February 1, 2011.


SAN BERNARDINO, CA: Court Approves Plan Injunction
--------------------------------------------------
Judge Meredith A. Jury of the United States Bankruptcy Court for
the Central District of California, Riverside Division, approved
the issuance of a third party injunction as part of the chapter 9
plan in the case captioned In re: CITY OF SAN BERNARDINO,
CALIFORNIA, Debtor, Case No. 6:12-bk-28006-MJ (Bankr. C.D. Cal.).

On December 6, 2016, the bankruptcy court confirmed the City of San
Bernardino's Third Amended Plan of Adjustment.

A lynchpin of the Plan was payment of 1% on the dollar on the
allowed claims in Class 13, the class of general unsecured
creditors.  In support of confirmation, the City presented
substantial unrefuted evidence which justified the necessity of
such a low percentage payment to this creditor body so that the
City could move forward with its 20 year Financial Model, which
over time would bolster City services, revitalize the aging
infrastructure, and substantially improve safety, in particular
police services.

A significant component of Class 13 were litigation claimants, who
had either filed suit or made claims against the City based on its
alleged wrongdoings, including civil rights claimants who alleged
claims under the Civil Rights Act.  Many of these claimants
asserted litigation claims not only against the City but also
against it employees acting in the normal course of their
employment, in particular members of the Police Department.  Under
California law, the City is obligated to indemnify its employees
for claims against them for acts arising within the scope of their
employment.  Unless the claims against these employees were
addressed in the Plan, the indemnification requirement made the
City face significant risk of an obligation to pay damages awarded
against these employees at 100% on the dollar, payments which the
City could not afford and still be able to perform under its
Financial Model, its roadmap to revitalization.

The City addressed this risk by including in the Plan an injunction
which would prevent claimants from collecting damages awarded
against certain indemnified parties from those parties' assets or
earnings, thereby insulating the City from the uncapped
indemnification claims which would arise under California law.
Certain claimants objected to inclusion of the injunction in the
confirmed Plan; such objections were argued and overruled when the
court confirmed the Plan.

Judge Jury found that the injunction was a critical and essential
element in the revitalization efforts of the City and that, without
such, the City's opportunity to reorganize would be severely
impacted.  For that reason, the injunction was approved as part of
the Plan.

A full-text copy of Judge Jury's March 7, 2017 memorandum is
available at:

        http://bankrupt.com/misc/cacb612-bk-28006-2199.pdf

                    About San Bernardino

San Bernardino, California, filed an emergency petition for
municipal bankruptcy under Chapter 9 of the U.S. Bankruptcy Code
(Bankr. C.D. Cal. Case No. 12-28006) on Aug. 1, 2012.  San
Bernardino, a city of about 210,000 residents roughly 65 miles
(104 km) east of Los Angeles, estimated assets and debt of more
than $1 billion in the bare-bones bankruptcy petition.

The city council voted on July 10, 2012, to file for bankruptcy.
The move lets San Bernardino bypass state-required mediation with
creditors and proceed directly to U.S. Bankruptcy Court.

The city is represented that Paul R. Glassman, Esq., at Stradling
Yocca Carlson & Rauth.

San Bernardino joined two other California cities in bankruptcy:
Stockton, an agricultural center of 292,000 east of San Francisco,
and Mammoth Lakes, a mountain resort town of 8,200 south of
Yosemite National Park.

The City was granted Chapter 9 protection on Aug. 28, 2013.

The City filed on May 14, 2015, a Plan to exit court protection.
The Plan proposes to some bondholders a penny on the dollar but
maintains pension benefits for retired city workers.  The Plan
proposes to make full payments into the pension fund run by
California Public Employees' Retirement System.


SANDY CREEK: S&P Lowers Project Finance Rating to 'B-'
------------------------------------------------------
S&P Global Ratings said it lowered its project finance rating on
Sandy Creek Energy Associates to 'B-' from 'B'.  The outlook is
stable.  The recovery rating of '2' is unchanged, reflecting S&P's
expectation of substantial (70%-90%; rounded estimate: 70%) in the
event of default.

The downgrade stems from continued weak power pricing in Electric
Reliability Council of Texas Inc. (ERCOT).  This continues to be
caused by lower-than-expected demand growth, but it is also
partially the result of diminished gas pricing--the impacts of this
fall disproportionately on coal-fired generators like Sandy Creek,
but S&P notes that the contracted end of the asset is not likely to
be affected by this.

"The stable outlook reflects our view that power prices under ERCOT
will likely remain distressed during the next year, leading to
weaker cash flows and heightened refinancing risk," said S&P Global
Ratings credit analyst Michael Ferguson.  "While we expect DSCRs to
exceed 1.1x in the years during the term loan period, it would
likely drop to under 1x after refinancing in our base case,
potentially leading to lower ratings if this leads to difficulty
refinancing or if liquidity becomes stretched, though the latter is
less likely."

S&P could lower the rating if it believes that the issuer's high
leverage will create an unsustainable capital structure--in this
case, considerable difficulty refinancing without any sort of
assistance from the sponsor or sharply improved market conditions.

S&P would revise the outlook to positive or upgrade if power prices
rebound such that minimum DSCRs during the postrefinancing period
improve to about 1.2x from their current level of under 1.1x and
S&P has comfort that such performance is sustainable. This could
stem from the retirement of other coal assets or a rebound in gas
prices, which would raise power prices and contribute to higher
power demand.



SECURED ASSETS: March 23 Disclosure Statement Hearing
-----------------------------------------------------
A hearing to consider the approval of the Amended Disclosure
Statement explaining Secured Assets Belvedere Tower, LLC's Chapter
11 plan of reorganization is set for March 23, 2017, at 2:00 p.m.

Under the Amended Plan, the Debtor will satisfy the Class 6 Secured
Claim of Woodburn & Wedge in the approximate amount of $31,007.05
from the Debtor's proceeds of sale of unencumbered units after the
allowed claim of Class 1 is paid in full, with a minimum release
amount of at least $2,000 from each sale until the secured claim is
satisfied in full.  The Secured Claim of Woodburn and Wedge will
accrue interest at the Federal Judgment Rate from the Effective
Date until paid in full.  Class 6 Creditor is impaired and entitled
to vote.

The Debtor consented to the entry of a judgment in favor of
Woodburn & Wedge in 2014 in the amount of $35,000.  The judgment
was recorded with Official Records, Washoe County.  Pursuant to the
recorded judgment, Woodburn & Wedge has been paid from prepetition
sales of the Debtor's units so that the amount owed on the judgment
as of the Petition Date was $31,007.05.  This secured portion of
Woodburn Wedge's prepetition claim is treated as a secured claim in
Class 5.  The balance of Woodburn Wedge's prepetition claim is
treated in the unsecured creditor Class 6.

Class 7 Allowed Claims of Unsecured Creditors will be paid 100% of
their allowed claims plus interest at the Federal Judgment Rate
calculated from the Effective Date from the Debtor's proceeds of
sale from unencumbered units and foreclosure units after the
allowed claim of Class 1, Class 3, 4 and Class 6 are paid in full
over a period of no more than five years starting on the first
distribution date and any subsequent distribution date.

The Amended Disclosure Statement is available at:

          http://bankrupt.com/misc/nvb16-51162-340.pdf

As reported by the Troubled Company Reporter on Dec. 26, 2016, the
Debtor filed with the Court a disclosure statement in support of
its chapter 11 plan of reorganization.  That plan provides for the
continued operation of the Debtor through the leasing of its units
at The Belvedere and through the sale of its units, either as a
bulk sale or individual sale of units from which the Debtor will
generate net operating income for the payment of its Creditors.

           About Secured Assets Belvedere Tower

Reno, Nevada-based Secured Assets Belvedere Tower, LLC, filed a
Chapter 11 petition (Bankr. D. Nev. Case No. 16-51162) on Sept. 19,
2016.  The petition was signed by Gregg Smith.  The Debtor is
represented by Elizabeth A. High, Esq., and Cecilia Lee, Esq., at
Davis Graham & Stubbs LLP.  The case is assigned to Judge Gregg W.
Zive.

The Debtor, a single asset real estate company, disclosed total
assets at $20.4 million and total liabilities at $18.5 million.


SIGNAL BAY: Amends Series B and C Preferred Stock Designations
--------------------------------------------------------------
In its current report on Form 8-K filed with the Securities and
Exchange Commission, Signal Bay Inc disclosed that on March 12,
2017, the holders of a majority of the Series B and C preferred
stock of the Company, respectively, elected to amend the Series B
and C preferred stock designations to remove anti-reverse stock
split provisions, so that now the conversion of preferred stock to
common stock shall be downwardly adjusted upon a reverse stock
split by the Company.

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

                    https://is.gd/FDDmDf

                       About Signal Bay

Signal Bay, Inc. (OTCQB: SGBY) provides advisory, management and
analytical testing services to the emerging legalized cannabis
industry.

Signal Bay reported a net loss of $2.55 million on $560,961 of
total revenue for the year ended Sept. 30, 2016, compared with a
net loss of $1.45 million on $125,199 of total revenue for the year
ended Sept. 30, 2015.  As of Sept. 30, 2016, Signal Bay had $2.18
million in total assets, $2.59 million in total liabilities and a
total deficit of $407,001.


SINDESMOS HELLINIKES: Plan Filing Deadline Moved to April 7
-----------------------------------------------------------
The Hon. Timothy A. Barnes of the U.S. Bankruptcy Court for the
Northern District of Illinois has extended, at the behest of
Sindesmos Hellinikes-Kinotitos of Chicago, the deadline for filing
a plan of reorganization and disclosure statement to April 7, 2017,
from March 7, 2017.

As reported by the Troubled Company Reporter on Jan. 30, 2017, the
Debtor filed with the Court a motion to extend the deadline for the
Debtor to file a plan of reorganization and disclosure statement to
March 3, 2017, from Jan. 28, 2017.  The Debtor said it is currently
in settlement negotiations with Hellenic-American Academy
Foundation, NFP, with respect to certain monetary claims which each
party has asserted against the other, as well as other outstanding
disputes.  The Debtor requested an extension the deadline to allow
it sufficient time to either settle its disputes with the Academy
or otherwise file an appropriate Plan and Disclosure Statement.

                        About Holy Trinity

Sindesmos Hellinikes-Kinotitos of Chicago, aka Holy Trinity
Helennic Orthodox Church, aka Holy Trinity Orthodox Church of
Chicago, is an Illinois religious corporation which for more than
100 years has operated a Greek Orthodox Church currently located at
6041 W. Diversey Avenue, Chicago, Illinois 60639, where it conducts
its religious services and provides parish activities.  The instant
case bankruptcy case was filed because of a pending state
foreclosure proceeding filed by MB Financial Bank, NA, against the
Debtor with respect to the Chicago Property.

The Debtor sought Chapter 11 protection (Bankr. N.D. Ill. Case No.
15-22446) on June 29, 2015. Judge Timothy A. Barnes is assigned to
the case.  The Debtor estimated assets in the range of $o to
$50,000 and $100,001 to $500,000 in debt.  David R Herzog, Esq. at
Herzog & Schwartz, P.C. serves as the Debtor's counsel.

Holy Trinity is an Illinois religious corporation which for more
than 100 years has operated a Greek Orthodox Church currently
located at 6041 W. Diversey Ave., Chicago, Illinois, where it
conducts its religious services and provides parish activities.

The Chapter 11 case was filed because of a pending state
foreclosure proceeding filed by MB Financial Bank, NA ("MB")
against the Debtor with respect to the Chicago Property.

In 2004, Holy Trinity purchased property at 1085 N. Lake Cook Rd.,
Deerfield, Illinois (the "Deerfield Property") for the purpose of
relocating its parochial school known as the Socrates
Greek-American Elementary School, which was founded in 1908, to the
Deerfield Property.


SNOHOMISH PUBLIC HOSPITAL: Fitch Affirms B on 2004 LTGO Bonds
-------------------------------------------------------------
Fitch Ratings has affirmed the 'B' rating and removed from Rating
Watch Evolving the following bonds issued by the Public Hospital
District No. 1 Snohomish County, WA (Evergreen Health Monroe (EHM)
fka Valley General Hospital):

-- $1.5 million limited tax general obligation (LTGO) bonds,
    series 2004.

In addition, Fitch has assigned EHM an Issuer Default Rating (IDR)
of 'B'.

The Rating Outlook is Stable.

SECURITY

The bonds are backed by a full faith and credit general obligation
pledge of the district. The district also irrevocably pledges to
annually levy and collect property taxes within the constitutional
and statutory limits to pay debt service on the bonds.

KEY RATING DRIVERS

IMPROVED OPERATIONS: EHM's operating performance has significantly
improved the last two years due to additional tax revenue that was
approved by the voters in 2013. It also benefitted from increased
volume and acuity of services resulting from the hospital's
affiliation with EvergreenHealth. Operating margin was 2.3% in
fiscal 2016 (Dec. 31 year-end; unaudited) compared to 1.4% in
fiscal 2015 and negative 1.1% in fiscal 2014.

WEAK LIQUIDITY: Due to capital investments, liquidity is thin with
only 5.7 days cash on hand at Dec. 31, 2016. Management states that
tax revenues received in May and November cover sufficient cash
flow needs for the year and the current focus is to invest in the
facility, which will continue to constrain liquidity growth. Other
sources of support include a line of credit and deferral of
management fees to EvergreenHealth and potentially a line of credit
from EvergreenHealth.

NO TAXING MARGIN: Fitch views Snohomish County Public Hospital
District No. 1 as having no taxing margin as the property tax levy
can only increase by 1% annually without voter approval. The voters
did approve a levy increase in 2013, and the district currently
levies a property tax of $0.37/ $1,000 of assessed value compared
to the maximum allowed by law of $0.75/$1,000 of assessed value.

RATING SENSITIVITIES

IMPROVED LIQUIDITY: Improved liquidity in conjunction with
sustained operating performance would likely lead to upward rating
movement.

CREDIT PROFILE

Snohomish County Public Hospital District No. 1 is located in
eastern Snohomish County, Washington, about 30 miles northeast of
Seattle on the outskirts of the Puget Sound region. The district
owns and operates EHM in Monroe and the EvergreenHealth Monroe's
Addiction Recovery Center. The hospital is licensed for 72 acute
care beds (staffs 27) and the addiction recovery center is licensed
for eight detox and 32 residential treatment facility beds.

In 2012, the district executed an affiliation agreement with
Evergreen Health, a neighboring public hospital district based in
Kirkland, Washington. The relationship provides physician support
(Evergreen Health employs several physicians in Monroe), access to
tertiary services, and improved economies of scale. The area is
competitive with the presence of several other providers. The main
competitor is Providence Everett (part of Providence St. Joseph
rated 'AA-').

TAX BASE

The district's underlying tax base is large and diverse. Snohomish
County Public Hospital District No. 1 is authorized by statute to
levy a regular property tax, subject to voter approval, up to a
maximum statutory amount of $0.75/$1,000 of assessed value. In
April 2013 district voters approved an increase in the existing
operating levy to $0.37/$1000, well below the $0.75 statutory
limit. The total levy may increase by 1% annually, plus new
construction, without voter approval.

In addition to the cap on the district's potential tax rate,
constitutional and statutory requirements limit aggregate regular
property tax levies for overlapping tax jurisdictions to no more
than $10/$1,000 AV for all taxing jurisdictions and no more than
$5.90/$1,000 of AV for local taxing jurisdictions. If either limit
is exceeded, then regular levies of junior taxing districts would
be reduced in a set order. The hospital district is a junior taxing
district and it faced a potential tax revenue loss during the last
recession due to AV declines that pushed aggregate local tax rates
above $5/$1,000 of AV, but tax base growth in subsequent years has
reduced this risk.

Total property tax revenue received in 2016, 2015, 2014, 2013, and
2012 was $4.4 million, $4.4 million, $4.3 million, $1.5 million,
and $1.4 million respectively.

EHM's total debt outstanding at Dec. 31, 2015 was $19.6 million and
included $18.8 million of limited tax GO bonds and $884k capital
lease. The aggregate debt service schedule is increasing with MADS
of $1.9 million in 2034. The series 2004 bonds matures in 2018.
Debt service on the series 2004 and 2009 debt in fiscal 2016 was
approximately $1.4 million compared to property tax revenue of $4.4
million.

DISCLOSURE

EHM provides annual disclosure. EHM has not had a going concern
opinion in its audit since 2013.

VARIATION FROM PUBLISHED CRITERIA

The analysis supporting the 'B' IDR includes a variation from
Fitch's 'U.S. Nonprofit Hospitals and Health Systems Rating
Criteria'. Enhanced analysis under the variation relates to the
assessment of the benefits and risks of supplemental tax revenues
available to the healthcare provider. This evaluation is supported
by Fitch's new 'U.S. Tax-Supported Rating Criteria' dated April 21,
2016, which includes refinements to the analysis of both tax
revenue volatility, through the new Fitch Analytical Sensitivity
Tool (FAST), and the value of taxing capacity relative to the
issuer's potential revenue stress in a downturn.


SOTERA WIRELESS: Amended Plan Ups Class 2 Claim Amount to $15.5MM
-----------------------------------------------------------------
Sotera Wireless, Inc., and Sotera Research, Inc., filed with the
U.S. Bankruptcy Court for the Southern District of California a
disclosure statement describing their third amended Chapter 11 plan
of reorganization, proposing that Class 2 under this new plan
consists of the Secured Pre-Petition Loan Claim with an estimated
aggregate claims amount of $15,540,155.09  as of March 1, 2017
(inclusive of any attorneys' fees owed).

The previous Plan provides that the aggregate Class 2 claims amount
is $14,874,316.27.

On the Effective Date or as soon thereafter as is practicable, the
allowed Pre-Petition Loan Claim shall be treated as fully Secured
without regard to section 506(a)(1) of the Bankruptcy Code and paid
in full in cash. Sotera believes the Pre-Petition Loan Claim is
Secured in full subject to the Committee's right to challenge any
security interest of the Pre-Petition Lenders.

This latest plan asserts that Wireless and Research shall be
substantively consolidated for all purposes. The Debtors are of the
opinion that such consolidation is appropriate for a number of
reasons.

First, Wireless owns 100%  of Research. Second, Wireless and
Research have always maintained consolidated financial statements.
Research has never had its own bank account and opened one in this
Chapter 11 Case to comply with the US Trustee’s directive. The
space occupied by Research is pursuant to a lease executed by
Wireless. Research has only four creditors, the Pre-Petition
Lenders, which are dealt with under the Plan, Wireless, which
inter-company debt will be extinguished under the Plan,
Reflectance, which has not filed a proof of claim and therefore any
claim is barred, and Zoll, who filed the same claim against
Research and Wireless, the settlement of which is pending to be
heard on March 17, 2017.

In addition, Research is selling substantially all of its assets to
Zoll pursuant a motion to be heard on March 17, 2017. All of the
assets being sold are collateral or claimed collateral of the
Pre-Petition Lenders and all of the net proceeds from the sale will
either be paid to the Pre-Petition Lenders or held by the
Pre-Petition Lenders until any issue regarding the secured status
of the Pre-Petition Loan Claim is resolved with the Committee.
Under these circumstances, substantive consolidation is amply
justified.

The result of such substantive consolidation is that the creditors
of Research shall be treated as creditors of Wireless under the
Plan, the Interests in Research shall be cancelled, the
inter-company debt owed by Wireless to Research will be cancelled,
and Research shall be wound up and dissolved as soon as practicable
after the Effective Date. The Plan shall serve as, and shall be
deemed to be, a motion for substantive consolidated to be approved
by the
Confirmation Order.

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

     http://bankrupt.com/misc/casb16-05968-11-512.pdf

                    About Sotera Wireless

Sotera Wireless, Inc., and Sotera Reseach, 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.  Piper Jaffray &
Co. serves as the Debtors' investment banker.   

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 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.


SPECTRUM BRANDS: S&P Assigns BB+ Rating on $700MM Revolver Facility
-------------------------------------------------------------------
S&P Global Ratings assigned its 'BB+' issue-level rating to
Wisconsin-based Spectrum Brands Inc.'s $700 million revolving
credit facility due in 2022, which replaced and refinanced the
prior facility.

All of S&P's existing ratings on the company, including its 'BB-'
corporate credit rating, are unchanged.  The outlook is stable.

S&P's ratings incorporate Spectrum Brands' continued good
performance and S&P's expectation that the company will further
improve credit ratios, including strengthening debt to EBITDA to
below 4x by fiscal year-end Sept. 30, 2017.  S&P's ratings on
Spectrum Brands also reflect the company's satisfactory product
diversity; its improved scale, operating leverage, and
profitability; and its position as a provider of lower-priced
products, which have less pricing power than premium priced
competition but tend to perform relatively well in sluggish
economic environments.

S&P assumes Spectrum Brands will continue to exercise good
corporate governance practices and maintain an arms-length
relationship with HRG Group Inc., a publically traded investment
holding company that owns 58% of Spectrum Brands' stock.  This is
underpinned by S&P's belief that HRG has a strong economic
incentive to sustain Spectrum Brands' stock price by continuing to
observe good governance practices, even if its own finances
deteriorate.  S&P also understands that Spectrum Brands' board of
directors consists of a majority of non-HRG appointees and assume
the board will take an active role in corporate governance to
ensure the company is adequately capitalized to conduct its
business.

RATINGS LIST

Spectrum Brands Inc.
Corporate Credit Rating             BB-/Stable/--

New Rating
Spectrum Brands Inc.
Senior Secured
$700 mil revolver due 2022          BB+
  Recovery Rating                    1 (95%)



STEMTECH INTERNATIONAL: Allowed an Interim Use of Cash Collateral
-----------------------------------------------------------------
Judge Raymond B. Ray of the U.S. Bankruptcy Court for the Southern
District of Florida authorized Stemtech International, Inc., to use
cash collateral on an interim basis.

The Debtor was allowed to use cash collateral solely for the
purpose of funding those expenses in accordance with the Second
Interim Budget.  The Second Interim Budget contemplates total
operating cash disbursements of $135 and total non-operating cash
disbursements of $100 covering a 4-week period ending on April 7,
2017.

The Debtor was indebted to Opus Bank in the amount of $3,351,871 as
of the Petition Date, secured by valid, enforceable, properly
perfected first priority liens on substantially all the Debtor's
assets with exception of stock in the Debtor's foreign
subsidiaries.

As such, Opus Bank was granted continuing liens on and security
interests in all property of the Debtor of the same description,
type and nature as was subject to Opus Bank's prepetition liens and
security interests, which will have the same extent, validity and
priority as existed as of the Petition Date.

The Debtor was directed to make monthly payments to Opus Bank in
the amount of $21,017 beginning in March 2017, reflecting a monthly
interest only payment at the contract rate, without prejudice to
the Debtor's rights to seek to have such amounts credited against
the principal portion of the Prepetition Obligations.

In addition, the Debtor was allowed to pay professionals from the
cash collateral but only in the event that the Debtor is current on
its Adequate Protection Payments to Opus Bank.

Opus Bank is also granted, without any further action, valid,
binding, enforceable, fully perfected, replacement liens and first
priority security interests in the Debtor's presently owned or
hereafter acquired property and assets.

Further, to the extent that the adequate protection payments,
continuing liens, and replacement liens do not adequately protect
against the diminution in value of the prepetition collateral, Opus
Bank will have a postpetition superpriority administrative expense
claim against the Debtor, with recourse to all prepetition and
postpetition property of the Debtor and all proceeds thereof.

Judge Ray held that the continuing liens and replacement liens will
be at all times subject and junior to (a) all unpaid fees due to
the Office of the U.S. Trustee and all unpaid fees required to be
paid to the Clerk of the Court and (b) any carve-out for the
benefit of professionals agreed to by Opus Bank as part of any
final cash collateral order.

A final hearing on the Debtor's use of cash collateral will be held
on April 5, 2017 at 10:00 a.m.

A full-text copy of the Second Interim Order, dated March 13, 2017,
is available at https://is.gd/ys34HD

                   About Stemtech International

Stemtech International, Inc., filed a Chapter 11 bankruptcy
petition (Bankr. S.D.Fla. Case No. 17-11380) on Feb. 2, 2017.  The
petition was signed by Ray C. Carter, chief executive officer.  The
Hon. Raymond B. Ray presides over the case.  In its petition, the
Debtor estimated $1 million to $10 million in both assets and
liabilities.  The Debtor tapped SEESE, PA, as counsel; and
GlassRatner Advisory & Capital Group, LLC, as its financial
advisor.


STONERIDGE PARKWAY: Melanie Hill Tries to Block Disclosures OK
--------------------------------------------------------------
Creditor Melanie Hill filed with the U.S. Bankruptcy Court for the
District of Nevada an objection to Stoneridge Parkway, LLC's fourth
amended disclosure statement for the Debtor's fourth amended plan
of reorganization, claiming that the Disclosure Statement fails to
disclose the information necessary to make an informed vote or
knowledgeably participate in the confirmation process.

Ms. Hill complains that instead of tightening up the details of the
Disclosure Statement, the Debtor has modified the Disclosure
Statement in a way that added further ambiguity to the Debtor's
proposed reorganization.  Ms. Hill says that she and her fellow
Silverstone Ranch homeowners and other creditors should not be
asked to vote on a proposed Fourth Amended Plan of Reorganization
that continues to be a moving target.  "It is becoming clearer and
clearer that what the Debtor is attempting to do is propose a
development plan to the homeowners for a vote with no guarantees
whatsoever that this is the final plan that DR Horton will submit
for approval to the City of Las Vegas.  Unless and until a final
site map is prepared and attached, the Court cannot approve the
Fourth Amended Disclosure Statement because Ms. Hill and the
homeowners have no way of knowing what they are voting for," Ms.
Hill states.

Ms. Hill has been told by counsel for the Debtor for over a month
that DR Horton may be adding additional sections of homes to the
proposed development, but no revised site plan has been provided to
her or filed with the Court.  Ms. Hill believes she and the
Silverstone Ranch homeowners should not be asked to vote on a
development plan that isn't final.  Until the Debtor and DR Horton
have decided upon what portions of the golf course they are seeking
to develop, approval of the Fourth Amended Disclosure Statement is
premature and should be denied.

Ms. Hill says that it makes a huge difference to her whether or not
the Debtor proposes to destroy/sell any holes on the Valley
nine-hole course and the Desert 9 nine-hole course.  Currently,
these 18 consecutive holes remain intact and an 18-hole golf course
could be restored on this remaining land.  However, if the Debtor
chose to sell additional land on the Valley or Desert nine-hole
courses, the entire golf course would have to be redesigned to
allow for the operation of an 18-hole golf course.  The cost of
this redesign is exponentially higher than the cost to restore
these 18 holes.

Ms. Hill also filed a third objection and opposition to the
Debtor's Plan, incorporating all her arguments in the prior
objections.

A copy of the Objection is available at:

          http://bankrupt.com/misc/nvb16-11627-593.pdf

As reported by the Troubled Company Reporter on March 6, 2017, the
Debtor filed with the Court a fourth amended disclosure statement
for the Debtor's fourth amended plan of reorganization.  As
specified in this filing, a critical goal of the Debtor's efforts
to stabilize and maintain its business was the ability to obtain
sufficient working capital to pay to continue to maintain the 272
acre planned community located in Las Vegas, Nevada, comprised of
some 1,520 homes built around a 27 hole championship golf course.
The Debtor is currently in negotiations with its secured lender,
Aevitas Capital, LLC, as well as a replacement lender, to obtain
debtor-in-possession financing to maintain the Property through
confirmation of the Plan.

Ms. Hill is represented by:

     Melanie A. Hill, Esq.
     LOVELOCK HILL LAW
     400 S. 4th Street, Suite 500
     Las Vegas, Nevada 89101
     Tel: (702) 362-8500
     Fax: (702) 362-8505
     E-mail: mhill@lovelockhill.com

                    About Stoneridge Parkway

Stoneridge Parkway, LLC, a California limited liability company,
was formed on Aug. 3, 2015.  On Dec. 16, 2015, the Debtor acquired
the Silverstone Ranch Community Golf Course, located at 8600 Cupp
Drive, Las Vegas, Nevada 89131 from the prior owner, Desert
Lifestyles, LLC.  Danny Modab is the Debtor's managing member and
90% membership interest holder.  Stoneridge Parkway Investors,
Inc., a Nevada corporation, is a 10% membership interest holder of
the Debtor.  The property was formerly a 27-hole golf course;
however, the course has not been in operations since Sept. 1,
2015.  Currently, the Debtor does not generate income from the
property, and when a golf course was operated at the site, it
operated at a loss.

The Debtor sought protection under Chapter 11 (Bankr. C.D. Cal.
Case No. 15-14111) on Dec. 18, 2015.  The petition was signed by
Danny Modab, managing member.  

The venue was later transferred to the U.S. Bankruptcy Court for
the District of Nevada (Case No. 16-11627).

The Debtor estimated assets of $100,000 to $500,000 and debts of
$1 million to $10 million.  The Debtor is represented by Samuel A.
Schwartz, Esq., at Schwartz Flansburg PLLC, in Las Vegas, Nevada.


SUNGARD AVAILABILITY: Bank Debt Trades at 4% Off
------------------------------------------------
Participations in a syndicated loan under SunGard Availability is a
borrower traded in the secondary market at 96.45
cents-on-the-dollar during the week ended Friday, March 10, 2017,
according to data compiled by LSTA/Thomson Reuters MTM Pricing.
This represents an increase of 0.35 percentage points from the
previous week.  SunGard Availability pays 500 basis points above
LIBOR to borrow under the $1.025 billion facility. The bank loan
matures on March 27, 2019 and carries Moody's B1 rating and
Standard & Poor's B rating.  The loan is one of the biggest gainers
and losers among 247 widely quoted syndicated loans with five or
more bids in secondary trading for the week ended March 10.


SYDELL INC: Seeks Permission to Continue Using Cash Until Aug. 1
----------------------------------------------------------------
Sydell, Inc., d/b/a Spa Sydell, asks the U.S. Bankruptcy Court for
the Northern District of Georgia for authorization to continue
using of cash collateral for the period of April 1, 2017 through
Aug. 1, 2017.

Currently, the Debtor is using cash collateral under the Oct. 18,
2016 Final Order that expires on Jan. 1, 2017 and the Dec. 12, 2016
Order that expires on April 1,2017.

As such, the Debtor now seeks authorization for continued use of
cash collateral with the same operative terms as the October 18,
2016 Order except for:

     (a) the carry forward of surpluses in prior budgets and
payment of the Court approved professional compensation,

     (b) the extension of the expiration date from April 1, 2017 to
August 1, 2017,

     (c) the attachment of the proposed Budget, and

     (d) the elimination of two paragraphs that reserved an
opportunity for creditors to object to the First and Second Cash
Collateral Orders for a limited period of time following entry
thereof.

The proposed Budget from April 1, 2017 through Aug. 4, 2017
reflects total operating expenses of approximately $1,076,350.

A hearing to consider the Debtor's further use of cash collateral
will be held on
March 28, 2016 at 10:00 a.m.

A full-text copy of the Debtor's Motion, dated March 14, 2017, is
available at https://is.gd/tholvv

                        About Sydell, Inc.

Beauty spa operator Sydell, Inc., d/b/a SPA Sydell, filed a chapter
11 petition (Bankr. N.D. Ga. Case No. 16-64647) on Aug. 22, 2016,
four years after emerging from a prior bankruptcy case. The
petition was signed by Reina A. Bermudez, chief executive officer
and 100% owner of Sydell.  

Sydell, Inc., tapped John Michael Levengood, Esq., at the Law
Office of J. Michael Levengood, LLC as counsel; and GGG Partners,
LLC as financial consultants.  It hired Tanya Adrews Tate as its
special bankruptcy counsel, and Right on the Books Consultants, LLC
as its accountants.

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

Sydell first filed for bankruptcy (Bankr. N.D. Ga. Case No.
09-83407) on Sept. 3, 2009.  That petition was signed by Ms.
Bermudez.  The Debtor was represented by David G. Bisbee, Esq., at
the Law Office of David G. Bisbee.  The 2009 petition estimated
assets and liabilities at $1 million to $10 million at the time of
the filing.  The Company emerged from Chapter 11 in 2012.


T3M INC: Effects Name Change from T3 Motion Inc to T3M Inc
----------------------------------------------------------
In its current report filed with the Securities and Exchange
Commission, T3M Inc. disclosed that on March 8, 2017, the Company's
Certificate for Revival of Charter filed with the Delaware
Secretary of State on Feb. 22, 2017, became effective, and
accordingly, its name changed from "T3 Motion, Inc." to "T3M Inc."
In connection with such name change, the registrant submitted to
the Financial Industry Regulatory Authority, Inc., or FINRA, a
voluntary request for the change of its name.  The registrant will
file an update to disclose the effective date of the name change
upon receipt of the announcement from FINRA.  A full-text copy of
the regulatory filing is available at:

                       https://is.gd/3DEiNJ

                         About T3 Motion

Costa Mesa, Calif.-based T3 Motion, Inc., develops and manufactures
T3 Series vehicles, which are electric three-wheel stand-up
vehicles that are directly targeted to the public safety and
private security markets.

T3 Motion reported a net loss of $21.5 million on $4.51 million of
net revenues for the year ended Dec. 31, 2012, as compared with a
net loss of $5.50 million on $5.29 million of net revenues during
the prior year.

"The Company has incurred significant operating losses and has used
substantial amounts of working capital in its operations since its
inception (March 16, 2006).  Further, at March 31, 2013, the
Company had an accumulated deficit of $(76,980,775) and used cash
in operations of $(1,614,252) for the three months ended March 31,
2013.  These factors raise substantial doubt about the Company's
ability to continue as a going concern for a reasonable period of
time," according to the Company's Form 10-Q for the period ended
March 31, 2013.

The Company's balance sheet at Sept. 30, 2013, showed $2.50 million
in total assets, $11.3 million in total liabilities and a $8.81
million total stockholders' deficit.


TATOES LLC: Can Continue Using RAF Cash Collateral Until April 30
-----------------------------------------------------------------
Judge Frederick P. Corbit of the U.S. Bankruptcy Court for the
Eastern District of Washington authorized Tatoes, LLC and its
affiliated debtors to use cash collateral for the period of March
1, 2017 through April 30, 2017.

The Debtors are authorized to use the 2016 crops grown by Tatoes,
as well as the proceeds of the 2016 crops and the packing and sale
revenues of Wahluke and Columbia arising from the packing and sale
of the 2016 crops pursuant to their respectively monthly budgets.

The approved Budget provided for total expenses in the amount of:

                       MARCH           APRIL
                       -----           -----
          Tatoes       $1,121,444      $3,070,299
          Wahluke      $345,994        $429,599
          Columbia     $222,642        $246,443

The Debtors are also authorized to perform their postpetition
obligations on any existing, unexpired leases of non-residential
real property and personal property as well as those post-petition
obligations under executory contracts to which the Debtors are
parties, pending assumption and rejection of such leases and
contracts.

The Debtors are directed to make an interest-only payment of $2,769
to Rabo AgriFinance LLC by no later than April 15, 2017.  This
payment was calculated using an interest rate of 4.5% based on the
outstanding Petition Date claim amount of $22,152,130 that was
asserted by Rabo AgriFinance.

Rabo AgriFinance and any other party holding a valid, perfected,
and unavoidable security interest or lien in the 2016 cash
collateral were 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.

The Debtors were ordered to remain compliant with the Perishable
Agriculture Commodities Act and its regulations concerning the
procedures for creating and preserving the benefits of the
statutory trust on commodities and their sales proceeds.

A full-text copy of the Order, dated March 9, 2017, is available at
https://is.gd/yw6EZD

                          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.


TENKORIS LLC: Plan Confirmation Hearing on April 19
---------------------------------------------------
The Hon. Brenda K. Martin of the U.S. Bankruptcy Court for the
District of Arizona has conditionally approved Tenkoris, LLC's
disclosure statement dated March 1, 2017, referring to the Debtor's
plan of reorganization.

The hearing to consider the final approval of the Disclosure
Statement and confirmation of the Plan will be held on April 19,
2017, at 1:30 p.m.

Objections to the Disclosure Statement and confirmation of the Plan
must be filed five business days prior to the hearing on
confirmation.

The Debtor will file with the Court a written ballot report by
close of business three business days prior to the hearing on
confirmation.

The status hearing currently scheduled for March 29, 2017, at 1:30
p.m. is vacated.

As reported by the Troubled Company Reporter on March 13, 2017, the
Debtor filed with the Court a disclosure statement dated March 1,
2017, referring to the Debtor's plan of reorganization, which
proposes to pay Class 6 Unsecured Claims -- totaling $70,100.22 --
in full, with interest at 3% per annum, in 36 monthly payments of
$2,038.60, distributed on a pro rata basis, starting on the 15th
day of the month following the Effective Date of the Plan.

                       About Tenkoris LLC

Tenkoris, LLC, sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. D. Ariz. Case No. 16-07290) on June 27, 2016.  The
petition was signed by Ken Olcher, managing member.  

The Debtor tapped Davis Miles McGuire Gardner, PLLC, as its legal
counsel, and Phillip Fitzekam as its accountant.

At the time of the filing, the Debtor disclosed $305,855 in assets
and $1.02 million in liabilities.


THOMAS J. GOLDSTEIN: March 27 Plan Confirmation Hearing
-------------------------------------------------------
Judge Craig A. Gargotta of the U.S. Bankruptcy Court for the
Western District of Texas approved the second amended disclosure
statement to accompany the second amended plan of reorganization
filed by Thomas J. Goldstein, OD, P.A., dba Pearl Vision # 8636.

A hearing on the confirmation of the Debtor's Plan of
Reorganization shall be held on March 27, 2017, at 10:00 a.m., in
the U.S. Bankruptcy Court for the Western District of Texas, San
Antonio Division, Courtroom No. 3, 5 Floor, 615 E. Houston Street,
San Antonio, Texas 78205.

Objections to confirmation of the Debtor's Second Amended Plan of
Reorganization shall be filed in writing on or before March 23,
2017.

The ballots along with the ballot summary shall be filed no later
than March 24, 2017.

As reported by the Troubled Company Reporter on March 15, 2017,
under the second amended plan, the Class 2 Secured claim of BBVA
Compass Bank -- estimated at $23,869.83 -- will be paid over a
period of 24 months, the entire 100% of the debt, with 3% interest
per year.

The Second Amended Disclosure Statement is available at:

           http://bankrupt.com/misc/txwb15-52167-107.pdf

                 About Thomas J. Goldstein

Thomas J. Goldstein, OD, P.A., dba Pearl Vision # 8636, sought
protection under Chapter 11 of the Bankruptcy Code (Bankr. W.D.
Tex. Case No. 15-52167) on Sept. 3, 2015.  The petition was signed
by Thomas J. Goldstein, president.  The Debtor is represented by
Willis & Wilkins, LLP.

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


TRIANGLE USA: Wants Plan Filing Extended Through April 30
---------------------------------------------------------
Triangle USA Petroleum Corporation, et al., filed with the U.S.
Bankruptcy Court for the District of Delaware a third motion
seeking a 45-day extension of their exclusivity periods.

Although the Debtors have filed and solicited votes on the Second
Amended Plan, they seek an extension of their Plan Period and
Solicitation Period out of an abundance of caution, through and
including April 30, 2017 and June 29, 2017, respectively.

Absent an extension, the Debtors' plan filing period and
solicitation period were slated to expire on March 16, 2017, and
May 15, 2017, respectively.

The Debtors insist that their ongoing efforts to achieve a
confirmable plan for the Ranger Debtors justify the proposed
exclusivity extension.

The "TUSA Debtors" are Triangle USA Petroleum Corporation (TUSA),
Foxtrot Resources LLC, and Leaf Minerals, LLC. The "Ranger Debtors"
are Ranger Fabrication, LLC, Ranger Fabrication Management, LLC,
and Ranger Fabrication Management Holdings, LLC.

The Ranger Debtors commenced chapter 11 cases alongside their
affiliated TUSA Debtors because, in the Debtors' judgment, an
orderly wind-down of their affairs pursuant to a chapter 11 plan
represents the best outcome for all stakeholders. Accordingly, the
Debtors initially proposed a joint plan for the TUSA Debtors and
the Ranger Debtors. Under that Plan, Ranger creditors would receive
their pro rata share of a cash pool set aside from proceeds of the
Rights Offering.

However, Class 4, consisting of general unsecured claims against
the  Ranger Debtors, narrowly rejected the Second Amended Plan,
with parent company Triangle Petroleum Company (TPC), the largest
creditor in the class, TPC, casting the sole rejecting ballot.
TPC's desire to change its vote may ultimately lead to a
confirmable plan for the Ranger Debtors, which the Debtors continue
to believe is the best outcome for stakeholders. At the same time,
the Debtors are cognizant that TPC's position on the Ranger plan is
just one of a broader set of issues that remain to be resolved
among the Debtors, their key stakeholders, and TPC.

The requested extension of the Exclusivity Period will allow the
Debtors additional time to work toward a consensual resolution of
these outstanding issues.

Under the circumstances, the Debtors maintain, no stakeholders will
be prejudiced by the proposed extension.  First, the Ranger
Debtors, unlike their TUSA counterparts, face no exigencies that
require a resolution within a particular timeframe.  The Ranger
Debtors are not subject to the Plan Milestones set forth -- and as
defined -- in the Final Cash Collateral Order, and they have no
ongoing operations that would suffer if their Chapter 11 Cases were
extended.  Second, the Debtors do not believe that there is any
realistic path to a confirmable Ranger plan outside of a
consensual, multilateral resolution of the broader intercompany
issues.

           About Triangle USA Petroleum Corporation

Triangle USA Petroleum Corporation is an independent exploration
and production company with a strategic focus on developing the
Bakken Shale and Three Forks formations in the Williston Basin of
North Dakota and Montana.  TUSA is a wholly owned subsidiary of
Triangle Petroleum Corporation (NYSE MKT: TPLM).  Neither TPLM nor
its affiliated company, RockPile Energy Services, LLC, is included
in TUSA's Chapter 11 filing.

Triangle USA Petroleum Corporation and its affiliates filed
voluntary petitions under Chapter 11 of the Bankruptcy Code
(Bankr. D. Del. Lead Case No. 16-11566) on June 29, 2016.  The
cases are pending before Judge Mary F. Walrath.

At the time of the filing, TUSA estimated assets in the range of
$500 million to $1 billion and liabilities of up to $1 billion.

The Debtors have engaged Sarah E. Pierce, Esq., at Skadden, Arps,
Slate, Meagher & Flom LLP as counsel, AP Services, LLC, as
financial advisor, PJT Partners Inc. as investment banker and
Prime Clerk LLC as claims & noticing agent.

Andrew R. Vara, Acting U.S. Trustee, has informed the U.S.
Bankruptcy Court for the District of Delaware that a committee of
unsecured creditors has not been appointed in the Chapter 11 case
of Triangle USA Petroleum Corporation due to insufficient response
to the U.S. Trustee communication/contact for service on the
committee.


TSALECH HOLDINGS: Has Final OK to Use Trident Cash Collateral
-------------------------------------------------------------
The U.S. Bankruptcy Court for the Northern District of Dallas
authorized tSalech Holdings, LLC, to use cash collateral on a final
basis.

Trident Realty Investment, LLC, may claim that substantially all of
the Debtor's assets are subject to the prepetition liens of Trident
Realty including liens on the Debtor's cash collateral.

The Debtor is authorized to collect, receive and use all cash funds
in the amounts and for the expenses set forth on the monthly
budget.  The approved budget provides total expenses amounting to
$11,916.  Consequently, the Debtor was directed to account each
month to Trident Realty Investment, LLC, for all funds received.

Trident Realty is granted valid, binding, enforceable, and
perfected liens co-extensive with its prepetition lien in all
currently owned or hereafter acquired property and assets of the
Debtor co-extensive with its prepetition lien.  In addition,
Trident Realty was granted replacement liens and security
interests, co-extensive with their prepetition liens.

In addition, the Debtor is directed to make monthly adequate
protection payments to Trident Realty in the amount of $7,996.  The
Debtor is also directed to maintain insurance on the collateral of
Trident Realty and pay taxes when due.

A full-text copy of the Final Order, dated March 14, 2017, is
available at
https://is.gd/ieFXaX

                   About tSalech Holdings, LLC

tSalech Holdings, LLC, based in Rowlett, Texas, filed a chapter 11
petition (Bankr. N.D. Tex. Case No. 16-34659.  The petition was
signed by Jason Shaw, manager.  The Debtor is represented by Joyce
W. Lindauer, Esq., at Joyce W. Lindauer Attorney, PLLC.  The case
is assigned to Judge Stacey G. Jernigan.  The Debtor estimated
assets and liabilities at $1 million to $10 million at the time of
the filing.


TURNING LEAF: Must File Plan, Disclosure Statement on June 6
------------------------------------------------------------
Judge Trish M. Brown of the U.S. Bankruptcy Court for the District
of Oregon ordered Turning Leaf Homes IV, LLC, to file its
disclosure statement and plan of reorganization on June 6, 2017.

               About Turning Leaf Homes IV

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.



UNIFRAX I: Moody's Raises CFR to B2 on Improved Metrics
-------------------------------------------------------
Moody's Investors Service upgraded the Corporate Family Rating of
Unifrax I LLC (Unifrax) to B2 from B3 and the Probability of
Default Rating to B2-PD from B3-PD. Moody's also assigned a B2
rating to the new bank credit facilities, including a $50-$75
million revolving credit facility due 2022 (expected to be undrawn
at close), a $460 million senior secured USD Term Loan B due 2024
and a $200 million (USD Equivalent) senior secured EUR Term Loan B
due 2024. The proceeds from the proposed bank credit facilities and
$36 million of cash on hand will be used to repay the existing bank
facilities and $250 million of 7.5% senior notes due 2019. Moody's
will withdraw the ratings on the existing facilities once the
transaction closes. The rating outlook is stable.

"The upgrade reflects improved credit metrics and liquidity pro
forma for the transaction, " said Anastasija Johnson, Moody's
analyst. "In addition, completed restructuring and cost saving
initiatives combined with some recovery in end markets should
support the company's earnings improvements and free cash flow
generation going forward."

Issuer: Unifrax I LLC

Upgrades:

-- Corporate Family Rating, Upgraded to B2 from B3

-- Probability of Default Rating, Upgraded to B2-PD from B3-PD

Assignments:

-- Senior Secured Bank Credit Facility, Assigned B2 (LGD4)

Outlook Actions:

-- Outlook, Remains Stable

RATINGS RATIONALE

The upgrade reflects improved financial performance and credit
metrics after the company realized some pricing improvement and the
majority of its cost saving initiatives initiated at the end of
2015, even though volumes were down. The company generated free
cash flow and used some of its cash on hand to pay down outstanding
debt as part of the refinancing. Pro forma for the refinancing,
debt/EBITDA as adjusted by Moody's was approximately 5.1 times in
the twelve months ended December 31, 2016, in line with a B2
rating. Leverage declined from 6.5 times at the end of 2015. The
upgrade reflects expectations that completed cost savings combined
with some recovery in end markets, particularly steel, should
support the company's earnings improvement and free cash flow
generation going forward. The upgrade also reflects improved
liquidity, including projected full access to the revolver.

The B2 corporate family rating reflects the company's modest scale,
high leverage and narrow product line of ceramic and glass fiber
products. The rating also reflects exposure to cyclical automotive
and industrial end markets, which together account for over 80% of
the company's sales. The ratings reflect expectations that demand
in key end markets, such as steel, has stabilized, which should
support performance along with completed cost savings programs.
Moody's expects the company to continue to benefit from strong
margins indicative of a specialty materials company. Moody's
expects the company to continue to generate free cash flow in 2017
despite higher projected capital spending and to maintain good
liquidity. Unifrax's margins are supported by the vertically
integrated business model and company's strong positions in some
markets. The rating also benefits from Unifrax's operational and
geographic diversity as well as broad customer base. However,
Moody's continue to see foreign currency translation risk as about
two-thirds of sales are generated outside the US.

The stable outlook reflects Moody's expectations that credit
metrics will further improve as a result of completed cost savings
and key end markets stabilizing in the next 12 to 18 months.

Moody's expects Unifrax to have good liquidity for the next four
quarters, supported by cash on balance sheet, expected free cash
flow generation, and availability under its proposed $50-$75
million revolving credit facility, which expires in 2022. The
company had about $64 million of cash as of December 31, 2016, of
which approximately half is held domestically. The company is
expected to use $36 million of cash as part of the refinancing.
Moody's expects positive free cash flow in the next 12 months
though there could be some quarterly variation in cash flow
generation due to working capital movements. The new revolver is
expected to be undrawn at the close of the transaction. The company
has no near-term maturities and annual term loan amortization is
$6.6 million. The revolver has a springing total net leverage ratio
covenant if borrowings exceed 30% of the revolving commitments. The
covenant level is expected to be set with a 35% cushion. There are
no covenants on the term loans. The company has limited alternate
liquidity as non-guarantor international subsidiaries would only be
sold in a distressed scenario and the minority stake in Luyang
(unrated) has one more year on its lock-in holding period.

Moody's could upgrade the ratings if Moody's adjusted debt/EBITDA
declines below 4.5x and retained cash flow/debt rises above 10% on
a sustained basis. An upgrade would require a commitment to more
conservative financial policies from the sponsor and management.

Moody's could downgrade the ratings if operating performance
deteriorates or if the company undertakes a significant
debt-financed acquisition or dividend recapitalization, causing
debt/EBITDA to rise above 5.5x on a sustained basis. Moody's could
also downgrade the ratings if free cash flow turns negative and
liquidity deteriorates.

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

Headquartered in Tonawanda, N.Y., Unifrax I LLC produces
heat-resistant ceramic fiber products and specialty glass
microfiber materials for a variety of industrial applications.
Unifrax has been a portfolio company of American Securities since
2011. Unifrax generated revenues of approximately $498 million for
the twelve months ended December 31, 2016.


UNIQUE VENTURES: Seeks Approval of M.C. Gibbons as Ch. 11 Trustee
-----------------------------------------------------------------
The Acting United States Trustee, Andrew R. Vara, asks the U.S.
Bankruptcy Court for the Western District of Pennsylvania to enter
an Order approving the appointment of M. Colette Gibbons, Esq., as
the Chapter 11 Trustee for Unique Ventures Group, LLC.

The Acting U.S. Trustee has consulted the following regarding the
appointment of the Chapter Trustee:

     (a) Patrick W. Carothers, David Lampl and John M. Steiner,
Esqs., attorneys for Unique Ventures Group, LLC;

     (b) Scott M. Hare and David K. Rudov, Esqs., attorneys for
Unique Ventures Group, LLC;

     (c) Eric E. Bononi, Esq., Temporary Receiver;

     (d) Eric A. Schaffer and Jared S. Roach, Esqs., attorneys for
Spirit Master Funding, LLC, Spirit Master Funding III, LLC and
Spirit Master Funding IV, LLC;

     (e) Joel M. Walker, Esq., attorney for Perkins & Marie
Callender's, LLC;

     (f) Steven K Kortanek and Stephen S. Stallings, Esqs.,
attorneys for Michael I. Frangoulis Family Limited Partnership;

     (g) Aaron Davis, Esq., attorney for US Foods, Inc.;

     (h) Joseph E. Hudak, Esq., attorney for Peter and Carol
Kaplan;

     (i) Robert C. Edmundson, Esq., attorney for Office of Attorney
General Department of Revenue;

     (j) S. James Wallace, Esq., attorney for Peoples Natural Gas
Company, LLC; and

     (k) Michael J. Roeschenthaler, Esq., attorney for Official
Committee of Unsecured Creditors of Unique Ventures Group, LLC.

As previously reported by The Troubled Company Reporter, the Acting
United States Trustee said the Debtor owes more than US$1.8 million
in unpaid withholding and sales taxes. These unpaid taxes accrued
during the time that the members had control of the Debtor. Thus,
the a Chapter 11 Trustee should be appointed to take control of the
financial affairs of the Debtor to ensure the proper payment of all
taxes and other financial obligations, the U.S. Trustee asserted.

The U.S. Trustee is represented by:

     Joseph S. Sisca, Esq.
     Liberty Center, Suite 970
     Pittsburgh, Pennsylvania 15222
     Tel.: (412) 644-4716
     Fax: (412) 644-4785
     Email: Joseph.S.Sisca@usdoj.gov

                About Unique Ventures Group

Unique Ventures Group, LLC, based in Pittsburgh, PA, filed a
Chapter 11 petition (Bankr. W.D. Pa. Case No. 17-20526) on February
13, 2017. The Hon. Thomas P. Agresti presides over the case. In its
petition, the Debtor estimated $10 million to $50 million in both
assets and liabilities. The petition was signed by Eric E. Bononi,
receiver, CEO and CRO.


VANITY SHOP: Cavalini, Anfield Appointed to Committee
-----------------------------------------------------
The U.S. trustee for Region 12 on March 17 appointed two more
creditors to serve on the official committee of unsecured creditors
in the Chapter 11 case of Vanity Shop of Grand Forks, Inc.

The two unsecured creditors are:

     (1) Cavalini, Inc.
         1536 S. Alameda St.
         Los Angeles, CA 90021
         Contact: Haim Bahari
         Phone: 213-725-5111
         Fax: 213-725-5115
         Email: Haim@me.com

     (2) Anfield Apparel Group, Inc.
         20851 Currier Rd.
         City of Industry, CA 91789
         Contact: Angela Yu
         Phone: 909-595-6088 (ext. 123)
         Fax: 909-598-2691
         Email: angela@anfieldinc.com

The bankruptcy watchdog had earlier appointed Washington Prime
Group Inc., GGP Limited Partnership, and Simon Property Group,
Inc., court filings show.

                 About Vanity Shop of Grand Forks

Vanity Shop of Grand Forks, Inc., based in Fargo, North Dakota,
filed a Chapter 11 petition (Bankr. D.N.D. Case No. 17-30112) on
March 1, 2017.  The petition was signed by James Bennett, chairman
of the Board of Directors.  The Hon. Shon Hastings presides over
the case.  In its petition, the Debtor estimated $50,000 to
$100,000 in assets and $10 million to $50 million in liabilities.
Caren Stanley, Esq., at Vogel Law Firm, serves as bankruptcy
counsel.

On March 10, 2017, the Office of the U.S. Trustee appointed an
official committee of unsecured creditors.


VELOCITY POOLING: Moody's Lowers CFR to Caa2 on Weak Performance
----------------------------------------------------------------
Moody's Investors Service downgraded Velocity Pooling Vehicle,
LLC's Corporate Family Rating ("CFR") to Caa2 from Caa1,
Probability of Default Rating to Caa2-PD from Caa1-PD, and $295
million first lien term loan to Caa2 from Caa1. The company's $85
million second lien term loan was affirmed at Caa3 and the outlook
was changed to negative.

"The downgrade reflects weaker than anticipated operating
performance that includes lower revenue, EBITDA and operating
margins, that have resulted in a weakened liquidity profile and
worsening credit metrics," said Moody's Analyst Dan Altieri.

The change in the outlook to negative reflects Moody's expectation
that Velocity will be challenged to reverse ongoing operational
trends sufficient to meaningfully improve interest coverage and
liquidity over the next 12-18 months. The negative outlook also
reflects a heightened risk of a distressed exchange given Moody's
view that the capital structure is unsustainable based on the
current earnings trajectory.

Over the LTM period ended September 30, 2016 Velocity has seen
revenue declines in the high single digit percent range, with
Moody's adjusted EBITDA lower by over $20 million (close to 40%
versus prior year). Moody's estimates lease adjusted leverage in
the mid-teens range with interest coverage (EBIT/Interest Expense)
well below 1 time. While the company did generate positive free
cash flow over the LTM period, free cash flow would have been
negative without a meaningful inflow in working capital as a result
of Velocity's efforts to right size its inventory. The inflow from
working capital helped support liquidity, however it also
contributed to lower EBITDA margins.

Moody's took the following rating actions:

Issuer: Velocity Pooling Vehicle, LLC

Corporate Family Rating, Downgraded to Caa2 from Caa1

Probability of Default Rating, Downgraded to Caa2-PD
from Caa1-PD

$295 million Sr. Secured 1st Lien Term Loan due 2021
(approximately $288 million outstanding), Downgraded
to Caa2 (LGD4) from Caa1 (LGD4)

$85 million Sr. Secured 2nd Lien Term Loan due 2022,
Affirmed at Caa3 (LGD5)

Outlook, Changed to Negative from Stable

RATINGS RATIONALE

Velocity's Caa2 rating reflects the company's high lease adjusted
leverage, weak interest coverage and weak liquidity profile
resulting from ongoing operational challenges in the business. The
rating also reflects the highly discretionary nature and narrow
focus of the company's products which are sensitive to unfavorable
shifts in the economy. The rating is supported by Velocity's
portfolio of well-known brand names in the industry, along with the
potential long-term strategic benefits of a vertically integrated
company that includes manufacturing, distribution and retail
businesses. However since the merger of Ralco Holdings, Inc.
(Motorsport Aftermarket Group) and Ed Tucker Distributor, Inc.
(Tucker Rocky) in May of 2014 (which created Velocity), the pace
and degree of these benefits and synergies has been less
significant than initially anticipated.

Velocity's weak liquidity profile reflects the potential for
negative free cash flow over the next 12-18 months (CFO-Capex),
combined with a modest cash balance of $5 million as of September
30, 2016 and availability under the now reduced $120 million ABL
facility which Moody's estimates will drop just below $30 million
at the lowest point ($15 million after accounting for the springing
covenant). Over the LTM period the company did generate free cash
flow of about $13 million, however CFO benefited from a meaningful
inflow of cash primarily due to a strategic reduction in inventory.
Without that working capital inflow, free cash flow would have been
negative. Going forward, Moody's believes that free cash flow will
likely be modestly negative on an annual basis, but on a quarterly
basis the company should see more variability in cash flows given
the seasonality in the business. Moody's liquidity analysis
reflects Moody's assumptions and notes that the forecast is highly
dependent on changes in working capital.

Velocity does not have any maturities until the ABL expires in
2019. There are no financial maintenance covenants in the company's
term loan agreements, however the ABL facility does contain a
springing fixed charge coverage test of 1.0 time, which is tested
if availability falls below the greater of 10% of the borrowing
base or $15 million. Moody's current forecast does not anticipate
the covenant will be tested, however sustained negative free cash
flow above Moody's current estimates resulting in elevated reliance
on the ABL facility could increase the probability that the
covenant would be triggered. The rating agency believes the company
would not comply with the covenant if it were tested.

The Caa2 rating on Velocity's $295 million first lien term loan
facility reflects the first priority lien on substantially all
assets of the company, with the exception of the ABL priority
collateral (accounts receivable, inventory, and cash), on which it
holds a second lien. The Caa3 rating on the $85 million second lien
term loan reflects its junior position in the capital structure and
its second priority lien on the first lien term loan's assets, as
well as a third lien on the ABL collateral.

Velocity's ratings could be downgraded if operating performance
continues to worsen or if there is a further deterioration in the
company's liquidity profile. Negative free cash flow beyond Moody's
current forecast or elevated borrowings on the revolver, which
could begin to weaken covenant compliance, would pressure the
rating lower. In addition, if there is an increase in the
likelihood of default, such as the potential for a distressed
exchange, the rating could also be downgraded.

Given the negative outlook, an upgrade over the near term is
unlikely. However, Moody's would consider an upgrade if Velocity
can reverse recent operating trends, resulting in revenue and
EBITDA growth, as well as an improved liquidity profile. An upgrade
would require an expectation that the company will be able to
sustain positive free cash flow generation, resulting in a reduced
reliance on the revolving credit facility. It would also require an
expectation that the company will remain compliant with its
springing fixed charge coverage test.

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

Velocity Pooling Vehicle, LLC is the holding company created to
facilitate the merger of Ralco Holdings, Inc. (d/b/a Motorsport
Aftermarket Group) and Ed Tucker Distributor, Inc. (d/b/a Tucker
Rocky) in May of 2014. The combined entity is a wholesale
distributor, designer, manufacturer, retailer and marketer of
branded aftermarket parts, accessories and apparel for the
powersports (motorcycle and related) industry with revenue of about
$728 million through September 31, 2016. Velocity is primarily
owned by LDI Ltd., LLC and Leonard Green & Partners.


VERMILLION INC: Amends Testing and Services Agreement With Quest
----------------------------------------------------------------
Vermillion, Inc., a Delaware corporation, and its wholly-owned
subsidiary, ASPiRA LABS, Inc., a Delaware corporation, entered into
an Amendment No. 2 to Testing and Services Agreement with Quest
Diagnostics Incorporated, a Delaware corporation, effective March
11, 2017. The Amendment, executed as of March 7, 2017, amends that
certain Testing and Services Agreement, dated as of March 11, 2015,
as amended by that certain Amendment No. 1 to Testing and Services
Agreement, dated as of April 10, 2015 (as so amended, the "TSA").
The primary purpose of the Amendment was to extend the initial term
of the TSA from March 11, 2017 to March 11, 2018.

The foregoing information is qualified in its entirety by reference
to the Amendment, a full-text copy of the Current Report on 8-K is
available at:

                       https://is.gd/PYN5Nm

                        About Vermillion

Vermillion, Inc., is dedicated to the discovery, development and
commercialization of novel high-value diagnostic tests that help
physicians diagnose, treat and improve outcomes for patients.
Vermillion, along with its prestigious scientific collaborators,
has diagnostic programs in oncology, hematology, cardiology and
women's health.

Vermillion, Inc., filed for Chapter 11 bankruptcy protection
(Bankr. D. Del. Case No. 09-11091) on March 30, 2009.  Vermillion's
legal advisor in connection with its successful reorganization
efforts wass Paul, Hastings, Janofsky & Walker LLP.  

Vermillion emerged from bankruptcy in January 2010.  The Plan
called for the Company to pay all claims in full and equity holders
to retain control of the Company.

Vermillion reported a net loss of $19.1 million on $2.17 million of
total revenue for the year ended Dec. 31, 2015, compared to a net
loss of $19.2 million on $2.52 million of total revenue for the
year ended Dec. 31, 2014.

As of Sept. 30, 2016, Vermillion had $10.68 million in total
assets, $4.39 million in total liabilities and $6.29 million in
total stockholders' equity.


VFH PARENT: Moody's Affirms Ba3 Ratings & Alters Outlook to Stable
------------------------------------------------------------------
Moody's Investors Service has affirmed VFH Parent LLC's (Virtu) Ba3
issuer and senior secured bank credit facility ratings, following
Virtu Financial, Inc.'s (VFI, unrated) announcement that it had
made a preliminary, non-binding proposal to acquire KCG Holdings,
Inc. (KCG, B1 stable). Virtu's rating outlook was changed to stable
from positive.

Issuer: VFH Parent LLC

-- LT Issuer Rating, affirmed Ba3, Stable

-- Senior Secured Bank Credit Rating, affirmed Ba3 Stable

-- Outlook, Changed to Stable from Positive

RATINGS RATIONALE

Moody's said that the probability of VFI's (which is Virtu's
parent) proposal to KCG leading to a confirmed deal is unclear, as
are its terms and method of financing. However, Moody's affirmed
Virtu's ratings based upon its view that, despite this being a
developing situation, Virtu's ratings could remain unchanged under
a number of potential scenarios.

Moody's said its decision to change Virtu's rating outlook to
stable from positive was based upon its view that VFI's proposal to
purchase a rival that is roughly twice its size (in terms of net
revenues and total assets) demonstrates a shift to a more
aggressive strategic policy. In its announcement, VFI stated that
there are no assurances that any transaction will result from its
proposal. Moody's said that should no deal occur, there is an
increased risk that VFI would seek another acquisition target or
engage in other shareholder-oriented transactions.

According to an announcement made by KCG, VFI made an unsolicited
proposal to acquire all of KCG's outstanding common stock for
$18.50-$20.00 per share in cash. This would cost approximately
$1.2-$1.3 billion, based on KCG's outstanding common stock as
disclosed in a recent regulatory filing, said Moody's. Although
VFI's announcement did not comment on the financing for the
potential transaction, Moody's said that a purchase of this
magnitude would amount to a significant portion of VFI's public
market capitalization, and accordingly it believes that a
relatively significant amount of debt financing would be involved
to fund at least a portion of the purchase price. This would likely
worsen the combination's pro-forma debt leverage, compared with
Virtu's existing debt/EBITDA ratio of approximately 2.3x, said
Moody's.

Positively, Moody's said that a combination of VFI and KCG could
generate significant cost synergy benefits, since the principal
business activity of both firms is high-frequency electronic market
making, and there are overlaps in personnel, technology, office
space and other costs. However, Moody's said that there would be
technological execution risks in such a business combination that
would at least partially offset the potential synergy benefits.

Factors that could lead to an upgrade

-- Continued consistency of performance combined with
    strong risk management and sound liquidity

-- Sustained improvement in financial ratios, including
    debt leverage and coverage, and improved capital
    retention

Factors that could lead to a downgrade

-- Material operational failure or regulatory compliance
   issue

-- Aggressive financial policy resulting in increased
    debt leverage without a clear plan to return to
    pre-existing leverage levels in the near-term

-- Potential future regulatory requirements that adversely
    affect business practices and weaken profitability

-- An acquisition of KCG or another entity on terms that
    would result in significantly worsened key credit metrics

The principal methodology used in these ratings was Securities
Industry Market Makers published in February 2017.


WABASH NATIONAL: Moody's Affirms Ba3 Corporate Family Rating
------------------------------------------------------------
Moody's Investors Service affirmed Wabash National Corporation's
(Wabash), Corporate Family Rating (CFR) at Ba3 and Probability of
Default Rating (PDR) at Ba3-PD. Concurrently, Moody's assigned a B1
rating to the company's amended (re-priced) senior secured term
loan due 2022. The Ba3 rating on the existing term loan due 2022
will be withdrawn. The SGL-1 speculative grade liquidity rating was
also affirmed. The ratings outlook remains stable.

RATINGS RATIONALE

The Ba3 CFR of Wabash considers the company's leading market
position in the truck trailer manufacturing market, its ability to
generate strong cash flows and its prudent deployment of cash
towards debt repayment, which have strengthened its ability to
contend with severe cyclicality in the demand for trailers. Robust
demand conditions driving the strong cash flow profile in recent
years, as well as deleveraging via debt reduction and proactively
addressing debt maturities in favorable market conditions, have
improved the credit profile. As a result, credit metrics are strong
for the Ba3 rating category, including financial leverage in the
low 1 times range, calculated as debt to EBITDA after Moody's
standard adjustments.

At the same time, Moody's considers severe industry cyclicality as
the principal risk faced by the company. The modest margins of the
Commercial Trailer Products segment, representing about 80% of
revenues, do not provide much cushion in the event of sudden
weakness in the demand for the company's products. A partial
mitigant to this risk is the company's focus on diversification by
growing its relatively less cyclical and higher margined
Diversified Products segment. However, this segment continues to
underperform. With the moderation in trailer shipments anticipated
to continue over the next year as well as rising commodity costs
and pricing pressures, Moody's anticipates that ongoing
productivity and cost saving initiatives will support margins and
free cash generation of around $100 million, absent a debt-funded
acquisition or severe decline in trailer demand.

Moody's considers the liquidity profile of Wabash as very good at
SGL-1. The company maintains a sizeable cash balance and has an
undrawn $175 million revolving credit facility due 2020. Moody's
also expects Wabash to continue generating ample cash flow from
operations of at least $150 million, sufficient to cover higher but
manageable capital expenditures. These are anticipated to be about
$45 million over the next year. Additionally, there are no material
debt maturities until 2018 when the company's $49 million
outstanding senior unsecured convertible notes mature.

The rating for the new senior secured term facility is B1, one
notch below the Ba3 CFR. The Ba3 rating on the old secured term
loan will be withdrawn, as that loan has been repaid. The B1 rated
senior secured term loan ranks behind the $175 million senior
secured revolving credit facility, as the revolver has a first
priority lien on such assets as accounts receivables and inventory.
The term loan has a second priority lien on those assets. The
junior debt in the capital structure, which would provide the first
loss absorption, has declined substantially following the company's
repurchases of its unsecured convertible notes last year.

The stable ratings outlook is predicated on Moody's expectation
that demand for new trailers, while moderating, will remain
supportive over the next year, aided efficiency gains (albeit at a
lower level than in 2016), and sustain Moody's adjusted operating
margins of at least 9%. Moody's also anticipates that the
stabilization in the energy markets should support an upward
inflection in the demand for tank trailers, part of the Diversified
Products segment, which nonetheless represents approximately 20% of
revenues. Moody's believes that leverage could increase by more
than one turn with debt funded strategic acquisitions, noting the
company is active in share buybacks and has reinstated dividends.

The ratings could be downgraded if demand expectations for trailers
weaken materially, such that Moody's adjusted operating margins
would decrease to 5.0% or less, or if such market conditions occur
when the company is free cash flow negative or reliant on its
revolving credit facility to fund internal cash needs and/or
near-term debt maturities. Downward pressure on the ratings could
also follow if Debt to EBITDA is expected to increase to 3.0 times
or more on a sustained basis. Shareholder-friendly actions that
compromise debt-holder interests would also drive downward ratings
momentum.

A ratings upgrade could follow if Wabash executes its
diversification strategy successfully with moderate use of debt,
such that Moody's expects debt to EBITDA below 2.5x and retained
cash flow to debt above 20% in combination with a business profile
that is able to withstand severe cyclical downturns in trailer
demand.

Assignments:

Issuer: Wabash National Corporation

-- Senior Secured Bank Credit Facility, Assigned B1 (LGD5)

Outlook Actions:

Issuer: Wabash National Corporation

-- Outlook, Remains Stable

Affirmations:

Issuer: Wabash National Corporation

-- Corporate Family Rating, Affirmed Ba3

-- Probability of Default Rating, Affirmed Ba3-PD

-- Speculative G


WALTER INVESTMENT: Bank Debt Trades at 6% Off
---------------------------------------------
Participations in a syndicated loan under Walter Investment
Management Corp is a borrower traded in the secondary market at
94.10 cents-on-the-dollar during the week ended Friday, March 10,
2017, according to data compiled by LSTA/Thomson Reuters MTM
Pricing.  This represents a decrease of 0.50 percentage points from
the previous week.  Walter Investment pays 375 basis points above
LIBOR to borrow under the $1.5 billion facility. The bank loan
matures on Dec. 18, 2020 and carries Moody's B3 rating and Standard
& Poor's B rating.  The loan is one of the biggest gainers and
losers among 247 widely quoted syndicated loans with five or more
bids in secondary trading for the week ended March 10.




WESTERN ENERGY: Moody's Views Savanna Acquisition as Credit Neg.
----------------------------------------------------------------
Western Energy Services Corp. (Western, Caa2 stable), on March 9,
2017, announced that it had entered into an agreement with Savanna
Energy Services Corp. (unrated) to acquire Savanna. On March 15,
2017, Western increased the offer to include cash making this a
stock-and-cash transaction. Moody's Investors Service views this
bid as credit negative for Western because the acquisition will
consume cash and impair Western's good liquidity position (SGL-2).
Western will become a larger more diversified company with the
possibility of generating higher EBITDA, but the combined company
will need to rely on the improving oilfield service sector given
that most of the combined company's rigs will be exposed to the
spot drilling market.

The prospect of the acquisition closing is uncertain due to an
unsolicited competing offer made by Total Energy Services (unrated)
on December 15, 2016. Savanna's board accepted Western's bid and
rejected Total's bid in and has encouraged the Savanna shareholders
to accept Western's offer. Moody's says it will look to review
Western's ratings when it has more certainty that the acquisition
will close and details of the combined business are better
understood.

Western Energy Services Corp., based in Calgary, Alberta, provides
land drilling services, well servicing and oilfield rental
equipment to largely Canadian exploration and production
companies.



YORK RISK: Bank Debt Trades at 3% Off
-------------------------------------
Participations in a syndicated loan under York Risk Services
Holding is a borrower traded in the secondary market at 97.40
cents-on-the-dollar during the week ended Friday, March 10, 2017,
according to data compiled by LSTA/Thomson Reuters MTM Pricing.
This represents an increase of 0.15 percentage points from the
previous week.  York Risk pays 375 basis points above LIBOR to
borrow under the $0.555 billion facility. The bank loan matures on
Sept. 18, 2021 and carries Moody's B3 rating and Standard & Poor's
B- rating.  The loan is one of the biggest gainers and losers among
247 widely quoted syndicated loans with five or more bids in
secondary trading for the week ended March 10.




                            *********

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