TCR_Public/170324.mbx          T R O U B L E D   C O M P A N Y   R E P O R T E R

              Friday, March 24, 2017, Vol. 21, No. 82

                            Headlines

16532 ROYALTON: Taps Tracy A. Coblentz as Accountant
168 REEF ROAD: Case Summary & 5 Largest Unsecured Creditors
2490 US 1: Court Allows Cash Collateral Use Until May 10
3490RT94 LLC: Hires Schneck Law as Attorney
729 PROSPECT: Taps Albert Barkey as Legal Counsel

AAD LLC: U.S. Trustee Unable to Appoint Committee
ADVANCED SOLIDS: Berrys Buying Carlsbad Property for $260K
ALL PHASE STEEL: May Use Cash Collateral Through March 31
ALPHATEC HOLDINGS: Incurs $4.7 Million Net Loss in Fourth Quarter
ALVIN WASHINGTON: Has Final Nod to Use Cash Collateral

AMERICAN CONTAINER: Court Extends Plan Filing Deadline to April 21
AMERIFLEX ENGINEERING: Case Summary & 20 Top Unsecured Creditors
AMNEAL PHARMACEUTICALS: Dividend Recap Credit Neg., Moody's Says
AMNEAL PHARMACEUTICALS: S&P Affirms 'BB-' CCR; Outlook Negative
ANCHOR R&R: Hires Coastal as Real Estate Broker

ANDERSON SHUMAKER: Committee Taps Freeborn & Peters as Counsel
ANJALI ENTERPRISE: Seeks to Hire Pamela Magee as Legal Counsel
ANSWERS HOLDINGS: DIP Loan, Cash Collateral Use Okayed on Interim
AQUION ENERGY: Asks Court to Allow Use of Trinity Cash Collateral
ARAMARK INTERNATIONAL: S&P Rates Proposed EUR325MM Sr. Notes 'BB+'

ARUBA PETROLEUM: Taps Clayton & Clayton as Accountant
ASCENT RESOURCES: Moody's Assigns B2 Corporate Family Rating
ASCENT RESOURCES: S&P Assigns 'B-' CCR; Outlook Negative
ASSUREDPARTNERS INC: Moody's Affirms B3 Corporate Family Rating
ATLAS DISPOSAL: Court Extends Plan Filing Deadline Thru July 28

AZ AIR TIME: U.S. Trustee Unable to Appoint Committee
AZURE MIDSTREAM: David Robins Holds 5.8% of Common Units
BADGER HOLDING: S&P Puts 'B+' CCR on CreditWatch Negative
BAILEY RIDGE: Gets Approval to Hire Houlihan as Accountant
BALLANTRAE LLC: Case Summary & 2 Largest Unsecured Creditors

BARIA AND SONS: Taps Chase Bylenga Hulst as Attorneys
BARIA AND SONS: Taps Oppenhuizen Law Firm as Attorneys
BAVARIA YACHTS: Seeks to Hire Dream Yacht Sales as Vessel Broker
BE MY GUEST: Voluntary Chapter 11 Case Summary
BI-LO HOLDING: Moody's Lowers Corporate Family Rating to B3

BIERGARTEN WILLIAMSBURG: Case Summary & 18 Top Unsecured Creditors
BIOSTAGE INC: Promotes Saverio La Francesca M.D. to President
BON-TON STORES: Nasdaq Withdraws Deficiency Notice
BOSTWICK LABORATORIES: Taps Donlin Recano as Administrative Agent
BOSTWICK LABORATORIES: Taps Pepper Hamilton as Legal Counsel

BPS US HOLDINGS: Gets Exclusivity to File Plan Thru May 29
BRANDYWINE REALTY: Fitch to Withdraw BB Preferred Stock Rating
BREVARD EYE: Seeks to Hire Aaronson Schantz as Legal Counsel
BREWER CONSTRUCTION: Plan Filing Period Extended Thru April 11
BRIDGESTREAM MANAGEMENT: Taps W. Derek May as Legal Counsel

BRITISH MOTORCARS: Case Summary & 20 Largest Unsecured Creditors
BROADWAY EQUITY: Seeks to Hire Robinson Brog as Legal Counsel
BROCADE COMMUNICATIONS: Moody's Confirms Ba1 Corp. Family Rating
CANZONE PLASTER: Taps DelBello Donnellan as Legal Counsel
CASTLE SERVICE: Court Dismisses Chapter 11 Bankruptcy Case

CCC INFORMATION: S&P Affirms 'B' CCR & Revises Outlook to Negative
CEFA POOL 2007: Moody's Alters Outlook on Bonds to Negative
CHINA FISHERY: Seeks to Hire Weil Gotshal as Lead Counsel
CHINA LINEN: US Shareholders Form Group to Recover Investor Funds
CHOBANI GLOBAL: S&P Affirms 'B' CCR & Revises Outlook to Negative

CHOBANI INC: Moody's Affirms B3 Corporate Family Rating
COMSCORE INC: Receives Additional Nasdaq Notice on Delayed 10-K
COSI INC: Reorganization Plan Slated for April 25 Confirmation
COVENANT PLASTICS: Taps Kenneth O Dike as Accountant
CRYSTAL CLEAR HAND: Taps Morrison Tenenbaum as Legal Counsel

DANA INC: S&P Lowers CCR to 'BB' on Weaker Cash Flow Generation
DAYTON POWER: Staff Stipulation Credit Positive, Fitch Says
DEFLORA LAKE: Names Elizabeth Haas as Attorney
DENNIS JOHNSON: Trustee Taps Cassidy & Sheehan Firms as Counsel
DIRECT MEDIA: Court Extends Plan Filing Deadline to June 19

DOLE FOOD: Moody's Affirms B2 CFR, Rates $375MM 3rd Lien Notes Caa1
DON GREEN: Sale of Suwannee Property to Andrewses for $450K Okayed
DOWLING COLLEGE: Sets Sales Procedures for IP Addresses
E. ALLEN REEVES: Seeks to Hire Davis Bucco as Special Counsel
E. ALLEN REEVES: Seeks to Hire Kreischer Miller as Accountant

EMAS CHIYODA: U.S. Trustee Forms 5-Member Committee
ERA GROUP: S&P Lowers CCR to 'B-' on Oil & Gas Market Weakness
ERIN ENERGY: Reports $142 Million Net Loss for 2016
ESBY CORP: Taps Ferguson Hayes Hawkins & DeMay as Counsel
ESHNAM HOSPITALITY: Taps Eric A. Liepins P.C. as Counsel

ESP PETROCHEMICALS: Sale of All Assets to Encore for $2.62M Okayed
ETERNAL ENTERPRISE: Can Use Hartford Holdings Cash Collateral
EVEREST HOLDINGS: S&P Cuts Rating to CCC+ on Weak Capital Structure
EXCO RESOURCES: Oaktree Capital Reports 10.9% Stake as of March 15
FANSTEEL INC: U.S. Trustee Unable to Appoint Committee

FILL IT UP: Seeks to Hire Freeland Martz as Special Counsel
FIRESTORM EMERGENCY: Taps Larson & Zirzow as Legal Counsel
FITNESS INT'L: S&P Raises Ratings on 3 Loans Due 2020 to 'BB-'
FOLTS HOME: Hires CohnReznick Capital as Investment Banker
FREMAK INDUSTRIES: Increased Arbitration Fee Payment to ICC Okayed

GAGAN OIL: Has Court's Interim Nod to Use Cash Collateral
GANDER MOUNTAIN: Committee Taps Barnes & Thornburg as Counsel
GANDER MOUNTAIN: Committee Taps Lowenstein as Counsel
GLOBAL UNIVERSAL: Taps Spence Law Office as Legal Counsel
GORDMANS STORES: Hires Epiq Bankruptcy as Solicitation Agent

GROUP 701: Taps Eric A. Liepins PC as Counsel
GULFMARK OFFSHORE: Incurs $203 Million Net Loss in 2016
GULFMARK OFFSHORE: Moody's Cuts Corporate Family Rating to Ca
GULFMARK OFFSHORE: Sets $1.3M Retention Bonuses for Executives
GULFMARK OFFSHORE: Transmission Delays Encountered in Filing 10-K

HAMPSHIRE GROUP: Wants Plan Filing Extended Through May 22
HARSCO CORP: Fitch Affirms 'BB' Long-Term Issuer Default Rating
HCA INC: Fitch Assigns 'BB+' Rating to New $1.489BB Term Loan B-9
HEBREW HEALTH: May Use Cash Collateral Until April 14
HILLCREST INC: Taps Evans & Mullinix as Counsel

HORIZON PHARMA: Moody's Affirms B2 Corporate Family Rating
HOUSTON AMERICAN: Incurs $2.64 Million Net Loss in 2016
ICAGEN INC: Board Grants 70,000 Options Under 2015 Stock Plan
IMMUNOCELLULAR THERAPEUTICS: Audit with Going Concern Explanation
INSTALLED BUILDING: Moody's Assigns B1 Corporate Family Rating

INSTALLED BUILDING: S&P Assigns 'BB-' CCR; Outlook Stable
INTERNATIONAL AUTO: Taps Shraiberg Landau as Legal Counsel
ISLAND FESTIVAL: Taps Tamarez CPA as Accountant
KAISER GYPSUM: Seeks to Hire Williams Kastner as Special Counsel
KCST USA: Case Summary & 20 Largest Unsecured Creditors

KPEX HOLDINGS: S&P Assigns 'B' CCR & Rates $400MM Facility 'B'
LA PALOMA GENERATING: Seeks to Move Plan Filing Deadline to July 5
LANTHEUS HOLDINGS: S&P Affirms 'B' CCR & Revises Outlook to Pos.
LEGACY RESERVES: Moody's Hikes CFR to Caa2, Outlook Stable
LILY ROBOTICS: May Use Spark Capital's Cash Until March 31

LILY ROBOTICS: U.S. Trustee Forms 3-Member Committee
LOVE AND WAR: Hires Austin-Said as Manager
M.O.R. PRINTING: May Use People's Capital's Cash Until June 27
MANHATTAN PROPERTIES: Taps Kevin S. Neiman as Legal Counsel
MCK MILLENNIUM: Wants to Enter Lease Agreement with The Residences

MEDICAL OFFICE PARTNERS: Hires Bassel as Bankruptcy Counsel
MENTOR CAPITAL: Completes Recovery of $15M for Shareholders
METALAST INT'L: Judge Denies Summary Judgment in Name Use Dispute
MICHIGAN SPORTING: Hires A&G Realty as Estate Advisors
MONGOLIAN MINING: Chapter 15 Case Summary

MONTCO OFFSHORE: Files for Chapter 11 Blaming Industry Downturn
NASTY GAL: Court Allows Use of Hercules Capital Cash Collateral
NATIONAL MORTGAGE: Moody's Upgrades IFS Rating to Ba1
NAVIDEA BIOPHARMACEUTICALS: Delays Form 10-K Over Assets Sale
NAVISTAR INTERNATIONAL: Carl Icahn Has 17.05% Stake as of March 14

NINJA METRICS: Court Extends Plan Filing Through June 21
NORTHERN OIL: Moody's Affirms Caa2 CFR; Outlook Negative
OMEROS CORP: May Issue Additional 1.7M Shares Under Incentive Plan
OMEROS CORP: Reports $66.7 Million Net Loss for 2016
P10 INDUSTRIES: Case Summary & 16 Largest Unsecured Creditors

P3 FOODS: Has Interim OK to Use Cash Collateral Until April 10
PACIFIC DRILLING: Creditors Reject Proposal to Extend Debt Maturity
PKC HOLDING: Moody's Assigns B3 Corporate Family Rating
POC PROPERTIES: Taps Glowinski Consulting as Banking Expert
PORTER BANCORP: Reaches Agreement in 'Signature' Suit

POSIBA INC: Seeks to Hire Jackson Walker as Special Counsel
PRESIDIO HOLDINGS: Moody's Hikes Corporate Family Rating to B1
PROGRESSIVE ACUTE: Disclosures OK'd; Plan Hearing on April 18
PROMOMANAGERS INC: Seeks to Hire Parker & Associates as Counsel
PROVEN PEST: Taps Rogers Law Offices as Legal Counsel

RCS CAPITAL: Litigation Trust Sues Founder For Looting Company
REDSKINS GRILLE: Has Final OK to Use First Republic's Cash
REYNOLDS PROTECTION: Taps Joyce W Lindauer Attorney as Counsel
RUSSELL INVESTMENTS: S&P Assigns 'BB' ICR; Outlook Negative
SCIENTIFIC GAMES: Completes Redemption of $250 Million 2018 Notes

SCOTT SWIMMING: May Use Webster Bank's Cash Until March 31
SEVEN HILLS: Taps Century 21 as Real Estate Broker
SHIROKIA DEVELOPMENT: Can Use W Financial Cash Collateral
SLM CORP: S&P Assigns 'BB+' Issuer Credit Rating; Outlook Stable
SOBEYS INC: DBRS Lowers Issuer Rating to BB(high)

SQUARETWO FINANCIAL: U.S. Unsecureds Get 0% Under Chapter 11 Plan
STEINY AND COMPANY: Court Extends Plan Filing Period Thru June 26
SUMMIT INVESTMENT: Taps Ferguson Hayes Hawkins & DeMay as Counsel
SUNGEVITY INC: U.S. Trustee Forms 5-Member Committee
SWAGAT HOTELS: Seeks to Use Cash to Maintain Quality Inn - McHenry

SWORDS GROUP: Crossland Buying Lebanon Property for $2.1 Million
T&C GYMNASTICS: Allowed to Continue Using Cash Until May 23
TABERNA PREFERRED: Opportunities Revises Offer to Purchase Notes
TANNER COMPANIES: Committee Taps Hamilton Stephens as Counsel
TEMPEST GROUP: Wants Plan Exclusivity Extended Thru May 31

TERRE HAUTE: S&P Lowers ICR to 'BB' on Weak Management
THRU INC: Case Summary & 16 Largest Unsecured Creditors
TLA HOLDING: Taps Brohill Realty as Real Estate Broker
TLD BAR: Has Interim Court OK to Use Cash Collateral in March
TUSCANY ENERGY: Can Continue Using Armstrong Cash Until April 10

TWIN OAKS: Taps Tarpy Cox Fleishman & Leveille as General Counsel
US STEEL CANADA: Claims Against Directors & Officers Due April 20
US STEEL: Fitch Affirms B+ Issuer Default Rating
V & V SUPERMARKETS: March 27 Meeting Set to Form Creditors' Panel
V & V SUPERMARKETS: Taps GlassRatner as Financial Advisor

V & V SUPERMARKETS: Taps Trenk DiPasquale as Legal Counsel
VANITY SHOP: Committee Taps Fox Rothschild as Legal Counsel
VISTA OUTDOORS: Moody's Alters Outlook to Neg & Affirms Ba2 CFR
WALTER J. KNEZEVICH: Has Bidders for 5 KFC Restaurants
WASATCH PEAK: S&P Lowers Underlying Rating on 2013B Bonds to 'BB+'

WELLMAN DYNAMICS: U.S. Trustee Forms 7-Member Committee
WESTERN STATES: Taps Hunter Realty Assoc. as Real Estate Broker
WESTMORELAND RESOURCE: Incurs $31.6 Million Net Loss in 2016
WET SEAL: Committee Retains Saul Ewing as Co-Counsel
WHITING PETROLEUM: Moody's Hikes Corporate Family Rating to B2

WIA MARKETING: Case Summary & 6 Unsecured Creditors
WRIGHT'S WELL: Case Summary & 20 Largest Unsecured Creditors
YELLOW CAB: Trustee Selling All Assets to Big Dog for $400K
[*] Meg Manning Joins Donlin Recano as Business Dev't Director
[^] BOOK REVIEW: AS WE FORGIVE OUR DEBTORS


                            *********

16532 ROYALTON: Taps Tracy A. Coblentz as Accountant
----------------------------------------------------
16532 Royalton Road, LLC seeks approval from the U.S. Bankruptcy
Court for the Northern District of Ohio to hire an accountant.

The company proposes to hire Tracy A. Coblentz, CPA LLC to prepare
its monthly operating statements, assist in the preparation of
financial reports for tax returns, and provide other accounting
services.  The hourly rates charged by the firm range from $60 to
$110.

The firm has no connection with any creditor of the company,
according to court filings.

The firm can be reached through:

     Tracy A. Coblentz
     Tracy A. Coblentz, CPA LLC
     P.O. Box 985
     Uniontown, OH 44685
     Phone: (330) 354-3926

                    About 16532 Royalton Road

16532 Royalton Road, LLC, a limited liability company in Ohio, owns
a commercial building located at 16532 Royalton Road, Strongsville,
Ohio, that is used for lease as a restaurant.

Scott A. Brown is the managing member of Royalton and owns 100%
of its shares as trustee of the Scott A. Brown Revocable
Trust dated May 4, 2010.  

The Debtor sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. N.D. Ohio Case No. 17-50170) on January 26, 2017.  The
petition was signed by Scott A. Brown, manager.  The case is
assigned to Judge Alan M. Koschik.

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

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


168 REEF ROAD: Case Summary & 5 Largest Unsecured Creditors
-----------------------------------------------------------
Debtor: 168 Reef Road Holding, Inc A Florida Corporation.
        PO Box 3115
        Pawtucket, RI 02861

Case No.: 17-13466

About the Debtor: The Company is a small business Debtor as
                  defined in 11 U.S.C. Section 101(51D).

Chapter 11 Petition Date: March 22, 2017

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

Debtor's Counsel: Adam D Farber, Esq.
                  THE LAW OFFICE OF ADAM D. FARBER, P.A.
                  105 South Narcissus Ave. STE 802
                  West Palm Beach, FL 33401
                  Tel: (561) 299-1413
                  E-mail: afarber@adamfarberlaw.com

Estimated Assets: $0 to $50,000

Estimated Liabilities: $1 million to $10 million

The petition was signed by Patrick Crowe, authorized
representative.

A copy of the Debtor's list of five unsecured creditors is
available for free at http://bankrupt.com/misc/flsb17-13436.pdf


2490 US 1: Court Allows Cash Collateral Use Until May 10
--------------------------------------------------------
Judge Jerry A. Funk of the U.S. Bankruptcy Court for the Middle
District of Florida authorized 2490 US 1, LLC, to use cash
collateral under the terms of the Sept. 20, 2016 Interim Order
until a continued final hearing.

The Debtor is authorized to pay its monthly invoices as outlined in
the Motion, and to pay the U.S. Trustee the quarterly fee for 1st
quarter 2017 if required prior to a final hearing.

The Debtor was directed to pay adequate protection to the following
secured creditors the following amounts on a monthly basis which
will be due on or before the 9th of each month or until a final
hearing on the Motion for Use of Cash Collateral, whichever is
later:

           Creditor                       Amount
           --------                       ------
           Iberia Bank                    $3,600
           SBA                            $1,000
           Saint Johns Tax Collector        $477

A final hearing on the Motion for Use of Cash Collateral will be
held on May 10, 2017 at 11:30 a.m.

A full-text copy of the Order, dated March 8, 2017, is available at
https://is.gd/RNZFa9

                           About 2490 US 1

2490 US 1, LLC fdba 2498 US 1, LLC, based in Palm Coast, FL, filed
a Chapter 11 petition (Bankr. M.D. Fla. Case No. 16-02622) on July
11, 2016.  The Debtor disclosed total assets at $1.36 million and
total liabilities at $1.57 million.  The petition was signed by
Sherry Arnett, president.

The Debtor engaged Robert Altman, Esq., at Robert Altman, P.A., as
counsel.  The Debtor tapped Daniel F. McEntee of CPA Associates,
LLP, as accountant.

The U.S. Trustee informs the Court that a committee of unsecured
creditors has not been appointed in the Chapter 11 case of 2490 US
1, LLC, due to insufficient response to the U.S. Trustee
communication/contact for service on the committee.


3490RT94 LLC: Hires Schneck Law as Attorney
-------------------------------------------
3490RT94, LLC seeks authorization from the U.S. Bankruptcy Court
for the District of New Jersey to employ Schneck Law Group, LLC as
attorney.

The Debtor requires Schneck Law to provide representation in the
tax appeal that is currently pending in the Tax Court of New Jersey
under Docket Number 011013-2012 challenging 2012 tax assessment on
the 3490 Rt 94, Block 63, Lot 1.01, Hardyston, NJ.

Schneck Law's compensation is contingent and will be 25% of the
amount of total tax savings for all years in which a reduction in
the tax assessment on the property is achieved, including
reductions in the assessment and tax savings from the application
of the Freeze Act, plus any interest paid, beginning in 2012.

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

Michael I. Schneck, managing member of Schneck Law, assured the
Court that the firm is a "disinterested person" as the term is
defined in Section 101(14) of the Bankruptcy Code and does not
represent any interest adverse to the Debtor and its estate.

Schneck Law can be reached at:

       Michael I. Schneck, Esq.
       SCHNECK LAW GROUP LLC
       301 South Livingston Avenue, Ste 105
       Livingston, NJ 07039
       Tel: (973) 533-9300
       E-mail: mschneck@schnecklaw.com

                     About 3490RT94, LLC

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

The case is assigned to Judge Vincent F. Papalia.

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


729 PROSPECT: Taps Albert Barkey as Legal Counsel
-------------------------------------------------
729 Prospect Realty Service Corp. seeks approval from the U.S.
Bankruptcy Court for the Southern District of New York to hire
legal counsel in connection with its Chapter 11 case.

The Debtor proposes to hire Albert Barkey, Esq., to give legal
advice regarding its duties under the Bankruptcy Code, prepare a
bankruptcy plan, and provide other legal services.  He will charge
an hourly rate of $360 for his services.

Mr. Barkey does not hold or represent any interest adverse to the
Debtor's bankruptcy estate and is a "disinterested person" as
defined in section 101(14) of the Bankruptcy Code, according to
court filings.

Mr. Barkey maintains an office at:

     Albert H. Barkey, Esq.
     277 Broadway, Suite 408
     New York, NY 10007
     Email: ahbarkey@aol.com
     Email: ahboffice@yahoo.com

                About 729 Prospect Realty Service

Based in Bronx, New York, 729 Prospect Realty Service Corp. owns a
building with 17 residential apartments valued at $2 million.  

The Debtor sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. S.D.N.Y. Case No. 17-10599) on March 13, 2017.  The
petition was signed by Jose E. Suarez, vice president.  The case is
assigned to Judge Mary Kay Vyskocil.

At the time of the filing, the Debtor disclosed $2 million in
assets and $1.7 million in liabilities.

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


AAD LLC: U.S. Trustee Unable to Appoint Committee
-------------------------------------------------
The Office of the U.S. Trustee on March 21 disclosed in a court
filing that no official committee of unsecured creditors has been
appointed in the Chapter 11 case of AAD, LLC.

                          About AAD

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

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

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

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


ADVANCED SOLIDS: Berrys Buying Carlsbad Property for $260K
----------------------------------------------------------
Advanced Solids Control, LLC, asks the U.S. Bankruptcy Court for
the Western District of Texas to authorize the sale of real
property described as 3904 N. Pat Garrett Ct., Carlsbad, New
Mexico, to Zachary L. and Karen Berry for $260,000.

The property is a single family residence.
  
The Debtor's sale of the real property to the Buyers is scheduled
to close on April 17, 2017.

The Debtor believes that the proposed sales price approximates the
real property's market value in the context of such a sale, and is
a reasonable value based upon the asset proposed to be sold and its
marketability.  The Debtor scheduled the house with a market value
in the amount of $265,000.  The house has been for sale for an
extended period of time.

The real property is subject to a mortgage lien to First National
Bank of Beeville in the approximate amount of $665,000.  The sale
of the real property and improvements located at 3906 N. Pat
Garrett Ct. (which has previously been approved by the Court) is
scheduled to close March 17, 2017, and will net approximately
$235,000, all of which is being paid to First National Bank of
Beeville in partial satisfaction of its debt.  Any outstanding ad
valorem taxes, including the Eddy County ad valorem taxes, will be
paid in full from the sale.

In addition to the real property, First National Bank of Beeville
still holds Deed of Trust Liens on real property and improvements
located and valued as follows: 4004 N. Pat Garrett Ct. ($265,000)
and 4005 N. Pat Garrett Ct. ($250,000).

The Debtor is requesting permission to pay all reasonable closing
costs, including real estate commissions, directly at closing.  The
net proceeds from the sale will be paid to First National Bank of
Beeville in partial satisfaction of the outstanding balance of its
Note.

The Debtor is requesting that the sale to the Buyers be free and
clear of all liens, claims and encumbrances.

Should the sale to the Buyers fail to close, the Debtor is
requesting permission to sell the real property to any other third
party for the minimum cash sales price in the amount of $260,000.

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

     http://bankrupt.com/misc/Advanced_Solids_53_Sales.pdf

The Debtor respectfully asks the Court authorize it to the real
property to the Buyers pursuant to the terms set forth, and for
such other and further relief to which the Debtor may show itself
entitled.

                  About Advanced Solids Control

Advanced Solids Control, LLC, is an oilfield service company
specializing in solids control for land-based oil and gas drilling
operations.

Advanced Solids sought Chapter 11 protection (Bankr. W.D. Tex.
Case No. 16-52748) on Dec. 2, 2016.  The petition was signed by W.
Lynn Frazier, managing member.  The Debtor estimated assets in the
range of $0 to $50,000 and $500,001 to $1,000,000 in debt.

The Debtor tapped William R. Davis, Jr., Esq., at Langley &
Banack, Inc. as counsel.


ALL PHASE STEEL: May Use Cash Collateral Through March 31
---------------------------------------------------------
The Hon. Julie A. Manning of the U.S. Bankruptcy Court for the
District of Connecticut has entered a 14th order granting All Phase
Steel Works, LLC, interim use of cash collateral through March 31,
2017.

A further hearing on continued use of cash collateral will be held
on March 30, 2017, at 10:00 a.m.  Any objection to the continued
use of cash collateral must be filed by March 24, 2017, at 5:00
p.m.

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

           http://bankrupt.com/misc/ctb16-50257-344.pdf

As adequate protection for any post-petition diminution in value of
the prepetition collateral postpetition collateral and the cash
collateral arising out of the Debtor's use thereof and the
continuance of the automatic stay, The Internal Revenue Service and
CapCall, LLC, are granted post-petition claims against the Debtor's
estate, which will have priority in payment over any other
indebtedness and obligations now in existence or incurred hereafter
by the Debtor and over all administrative expenses or charges
against property, subject only to the carve-out.

As security for the Adequate Protection Claim, the Debtor grants to
the IRS and CapCall LLC, an enforceable and perfected replacement
lien and security interest in the postpetition assets of the
Debtor's estate equivalent in nature, priority and extent to the
liens and security interests of the IRS and CapCall LLC, in the
prepetition collateral and the proceeds and products thereof,
subject to the carve-out.

The Debtor will also pay $5,500 to the IRS in December as adequate
protection.

As adequate protection for the interest of Allegheny Casualty Co.,
these are ordered for its interest in undisbursed contract funds
from the bonded projects:

     a. the Debtor represents that it has limited its use of
        bonded contract funds received from the Bonded Projects to

        pay laborers, subcontractors and vendors for their
        postpetition labor, services and materials provided to
        each project, and has used excess funds to pay the
        overhead costs directly attributable to the costs incurred

        in completing its work for that project with the balance
        to the Debtor and is ordered to continuing use of the
        bonded contract funds.  The Surety is afforded the right
        to monitor Debtor's compliance by reasonable access to the

        Debtor's books and records.  The Debtor previously entered

        into one joint check agreement with one supplier, Bushwick

        Metals LLC requiring that to the extent that contract
        funds are owed to the Debtor as a result of materials or
        services provided to the Masonicare Project by Bushwick
        Metals LLC, payment to Debtor will issue in the form of a
        joint check made payable to Debtor and Bushwick Metals
        LLC;

     b. the Debtor may discharge the obligation to afford adequate
        protection to the Surety in regard to the undisbursed
        contract funds from the Masonicare Project to the extent
        of all parties' continued compliance with the Joint Check
        Agreement and will enter into other or further joint check

        agreements associated with contract funds owed to the
        Debtor as a result of labor, materials or services
        provided to the project by other subcontractor or vendors;
        and

     c. all of the Surety's rights, claims, and priorities to
        undisbursed contract funds from the Bonded Projects are
        fully reserved and the Debtor reserves all of its rights,
        and claims to contract funds owed from any bonded project
        still in existence.

The IRS filed liens pre-petition on the Debtor's assets recorded at
the Conn. Sec. of State's office for withholding taxes and other
federal taxes owed.  The IRS claims that it is owed $895,000.

Prior to the Petition Date, the Debtor and CapCall LLC were parties
to loan and security agreements pursuant to which, among other
things, CapCall LLC provided the Debtor with a credit facility
secured by liens and security interests in substantially all of the
Debtor's assets.  As of the Petition Date, CapCall LLC claims that
it is owed $294,067.

Prior to the Petition Date, the Debtor and Superior Capital were
parties to loan and security agreements pursuant to which, among
other things, Superior Capital provided the Debtor with a credit
facility secured by liens and security interests in substantially
all of the Debtor's assets.  As of the Petition Date, Superior
Capital claims that it is owed $69,147.75.

Another lien is filed of record by an entity called Corporate
Service Co., as representative.  It cannot be determined who the
agent is acting on behalf of.  No other liens are recorded of
record.

Metal Perreault Inc. claims it is secured in the amount of $225,000
as to certain specific account receivables.

Allegheny Casualty Company issued surety bonds to Debtor in regard
to eleven of its projects.  

                     About All Phase Steel Works

All Phase Steel Works, LLC, filed a Chapter 11 petition (Bankr. D.
Conn. Case No. 16-50257) on Feb. 23, 2016.  The petition was signed
by Paul J. Pinto, member/manager.  The case is assigned to Judge
Julie A. Manning.  The Debtor disclosed total assets at $2.65
million and total liabilities at $4.08 million at the time of the
filing.

The Debtor engaged James M. Nugent, Esq., at Harlow, Adams &
Friedman, P.C., as bankruptcy counsel, and Goldman Gruder & Woods,
LLC, as special counsel.


ALPHATEC HOLDINGS: Incurs $4.7 Million Net Loss in Fourth Quarter
-----------------------------------------------------------------
Alphatec Holdings, Inc., announced financial results for the fourth
quarter and full year ended Dec. 31, 2016.

As a result of the sale of the Company's international business in
September 2016, the financial results and related assets and
liabilities of such business have been excluded from continuing
operations for all periods herein and reported as discontinued
operations.

U.S. commercial revenues for the fourth quarter of 2016 were $24.5
million, down 16.9%, compared to $29.5 million reported for the
fourth quarter of 2015.  For the full year ended Dec. 31, 2016,
U.S. commercial revenues were $106.9 million, representing a
decrease of 6.7%, compared to $114.6 million reported for full year
2015.  

For the fourth quarter 2016, U.S. commercial revenues decreased
primarily as a result of a decrease in the Company's stocking
business, lower U.S. hospital unit volume and pricing declines.

For the full year 2016, U.S. commercial revenues decreased
primarily as a result of a decrease in the Company's stocking
business and pricing declines, partially offset by higher hospital
volumes.

U.S. gross profit and gross margin for the fourth quarter of 2016
were $15.2 million and 62.2%, respectively, compared to $21.4
million and 72.6%, respectively, for the fourth quarter of 2015.
For the full year 2016, U.S. gross profit and gross margin were
$71.7 million and 67.0%, respectively, compared to $79.5 million
and 69.4%, respectively, for full year 2015.

For the fourth quarter and full year 2016, gross margins declined
as compared to 2015, primarily as a result of: higher product costs
driven by lower than planned sourcing volumes throughout 2016,
obsolescence charges related to product portfolio management, and
price declines, partially offset by the absence of one-time charges
that occurred in 2015.

Total operating expenses for the fourth quarter of 2016 were $21.7
million, reflecting a decrease of $7.4 million, or approximately
25% improvement over the fourth quarter of 2015.  For the full year
2016, total operating expenses were $91.5 million, reflecting a
decrease of $172.4 million compared to the full year 2015, which
included non-cash goodwill and intangible asset impairment charges
totaling $164.3 million.

GAAP net loss for the fourth quarter of 2016 was $4.7 million or
($0.56) per share (basic and diluted), compared to a net loss of
$9.9 million, or ($1.18) per share (basic and diluted) for the
fourth quarter of 2015.  For the full year, 2016 GAAP net loss was
$30.3 million or ($3.57) per share (basic and diluted), compared to
a net loss of $178.7 million, or ($21.53) per share basic and
diluted for full year 2015.  GAAP net loss for full year 2015 was
unfavorably impacted by $164.3 million of non-cash impairment
charges.

Adjusted EBITDA in the fourth quarter of 2016 was $(2.2) million,
compared to $3.4 million for the fourth quarter of 2015.  For the
full year 2016, Adjusted EBITDA was $1.1 million, compared to $10.5
million for the full year 2015.


The Company's balance sheet at Dec. 31, 2016, showed $94.18 million
in total assets, $112.48 million in total liabilities,
$23.60 million in redeemable preferred stock and a stockholders'
deficit of $41.89 million.

Total Current and Long-term debt, includes $34.8 million in term
debt and $12.5 million outstanding under the Company's revolving
credit facility at Dec. 31, 2016.  This compares to $29.9 million
in term debt and $12.2 million outstanding under the Company's
revolving credit facility at Sept. 30, 2016.

Cash and cash equivalents were $19.6 million at Dec. 31, 2016,
compared to $25.6 million reported at Sept. 30, 2016.

"Through our actions in 2016, we positioned the organization to be
more responsive to today's world-class spine surgeons, our
employees and shareholders," said Terry Rich, chief executive
officer of Alphatec.  "We look forward to providing you with a
company update and more details on our plans in connection with the
announcement of our first quarter 2017 results."

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

                    https://is.gd/2iZIys

                   About Alphatec Holdings

Alphatec Holdings, Inc., the parent company of Alphatec Spine, Inc.
-- www.alphatecspine.com. -- is a medical technology company
focused on the design, development and promotion of products for
the surgical treatment of spine disorders.  The Company has a
comprehensive product portfolio and pipeline that addresses the
cervical, thoracolumbar and intervertebral regions of the spine and
covers a variety of spinal disorders and surgical procedures.  Its
principal product offerings are focused on the global market for
fusion-based spinal disorder solutions.  The Company believes that
its products and systems are attractive to surgeons and patients
due to enhanced product features and benefits that are designed to
simplify surgical procedures and improve patient outcomes.

Ernst & Young LLP, in San Diego, California, issued a "going
concern" qualification on the consolidated financial statements for
the year ended Dec. 31, 2015, citing that the Company has recurring
operating losses and has a working capital deficiency. In addition,
the Company has not complied with certain covenants of loan
agreements with its lenders and has significant debt obligations
due in December 2016.  These conditions raise substantial doubt
about the Company's ability to continue as a going concern.


ALVIN WASHINGTON: Has Final Nod to Use Cash Collateral
------------------------------------------------------
The Hon. H. Christopher Mott of the U.S. Bankruptcy Court for the
Western District of Texas has entered an agreed final order
authorizing Alvin Washington Trucking, Inc., to operate its
business and to pay insurance premiums, or payments to reimburse
its insurance agent for premiums paid by the agent postpetition on
the Debtor's behalf.

Sovereign Bank and Maxim Commercial Capital, LLC, have agreed to
the terms of the court order.

The Court finds that certain assets of the Debtor -- cash on hand,
amounts on deposit in bank accounts, receivables and contract
payments -- are or may be the cash collateral of Maxim, Gulf Coast
Bank and Trust Company, BMO Harris Bank, NA, Sovereign Bank, and
Rapid Capital Finance, LLC.

As of the Petition Date, the Debtor is a party to a factoring
agreement under which its receivables from Austin Wood may be
"sold" to Gulf Coast Bank, for 90% of the face value of the
receivable, plus a subsequent payment in the nature of interest.
As of the Petition Date, the Debtor was not in default under the
agreement and upon information and belief the amount that may be
owed to Gulf Coast Bank by the Debtor is de minimus.

BMO Harris has a purchase money security interest on a 2016 ITI
heavy duty trailer, live floors model, securing debt of
approximately $45,500.  The Debtor values that trailer at
approximately the same amount as the debt on it.  The Debtor is in
default on its obligation to Harris Bank.

Maxim claims security interests in a number of the Debtor's
vehicles, trailers and equipment, securing debt of approximately
$113,475.  The Debtor is also in default on its obligation to
Maxim. Maxim claims it is also secured by a deed of trust lien on
all or a portion of the real estate where its business is
physically located (1500 Wolf Lane, Del Valle, Texas 78617).  That
property is owned by the Debtor's principal, Alvin Washington and
his seven siblings.  The value of that collateral is unknown, but
the Travis County Appraisal District's 2016 tax value of the 100%
fee simple interest in that property is more than $2 million.

Sovereign Bank claims a lien on "all business assets" of the Debtor
(per its UCC filing), to secure a letter of credit put up as
financial assurance in connection with the Debtor's permit to
manufacture and store mulch.  To the best of the Debtor's
knowledge, it had no liability as of the Petition Date.

Rapid Capital Finance, LLC, also claims a lien, to secure debt of
approximately $52,400, on the Debtor's cash, accounts, chattel
paper, general intangibles, equipment, and inventory, and the
proceeds of such property.   

As adequate protection of Maxim's interest in cash collateral, it
is granted a security interest in the Debtor's post-petition
property of the same nature in which Maxim had a prepetition
security interest, such interest to be of the same priority,
validity and extent as its prepetition interest in the Debtor's
property.  As additional adequate protection of Maxim's interest in
cash collateral, the Debtor will pay to Maxim the sum of $2,000 per
month during the pendency of this case, such $2,000 per month
payment being one and the same as the monthly payment to Maxim
provided for in the agreed order modifying the automatic stay,
signed by the Court contemporaneously with the signing of the
agreed order, and monthly payments will be made by the Debtor to
Maxim on the schedule and in the manner more fully described in
agreed order modifying the automatic stay.

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

               http://bankrupt.com/misc/txwb17-10224-31.pdf

On Feb. 27, 2017, the Debtor sought the Court's permission to use
cash collateral, saying that he Debtor needs to have access to and
use of its cash, funds on deposit in bank accounts, accounts
receivable, and contract payments in order to operate its business
during the process of reorganizing under Chapter 11.  Specifically,
the Debtor needs to pay its employee and any associated benefits
and payroll taxes, and the following general categories of expenses
in order to properly operate its business during the reorganization
process and to preserve the value of the business and the assets
for its creditors.

Maxim objected to the cash collateral use, claiming that, among
other things, it is unclear to whom the requested wages would be
paid, whether it is to Debtor's son, brothers, sisters, or other
family members who may be involved with Debtor's business.

On March 1, 2017, the Court entered an interim order allowing the
Debtor's cash collateral use and setting the final hearing for
March 20, 2017.

Maxim is represented by:

     Christopher V. Arisco, Esq.
     Mark W. Stout, Esq.
     PADFIELD & STOUT, LLP
     421 W. Third Street, Suite 910
     Fort Worth, Texas 76102
     Tel: (817) 338-1616
     Fax: (817) 338-1610
     E-mail: ms@livepad.com
             carisco@livepad.com

Sovereign Bank is represented by:

     Thomas C. Scannell, Esq.
     GARDERE WYNNE SEWELL LLP
     2021 McKinney Avenue, Suite 1600
     Dallas, TX 75201
     Tel: (214) 999-4289
     Fax: (214) 999-3289
     E-mail: tscannell@gardere.com

The Debtor is represented by:

     B. Weldon Ponder, Jr., Esq., Attorney at Law
     4408 Spicewood Springs Road
     Austin, TX 78759
     Tel: (512) 342-8222
     Fax: (512) 342-8444
     E-mail: welpon@austin.rr.com

          -- and --

     Catherine A. Lenox, Esq., Attorney at Law
     P.O. Box 9904
     Austin, Texas 78766
     Tel: (512) 689-7273
     E-mail: clenox.law@gmail.com

                     About Alvin Washington

Headquartered in Del Valle, Texas, Alvin Washington Trucking, Inc.,
is engaged in the business of dirt hauling and the manufacture and
wholesale of mulch.  It owns a large wood grinder, three large
Peterbilt tractors, two large trailers, three front loaders and
various smaller pieces of equipment.  Historically, it has had
annual gross revenues of almost $500,000.  Its two primary and
longstanding customers are Asplundh Tree Expert Company, which has
the City of Austin contract for tree trimming for utility lines,
and Austin Wood.

The Debtor filed for Chapter 11 bankruptcy protection (Bankr. W.D.
Tex. Case No. 17-10224) on Feb. 24, 2017, estimating its assets and
liabilities at between $100,001 and $500,000 each.  B. Weldon
Ponder, Jr., Esq., serves as the Debtor's bankruptcy counsel.


AMERICAN CONTAINER: Court Extends Plan Filing Deadline to April 21
------------------------------------------------------------------
Judge Paulette Delk has extended American Container, Inc.'s
exclusive right file a Plan and Disclosure Statement through and
including April 21, 2017.

As previously reported by The Troubled Company Reporter, the Debtor
said it has been challenged to present a meaningful Plan and
Disclosure Statement at this time, since it is selling surplus
equipment and vehicles not necessary for future operations and it
has been uncertain of the prices to be obtained for these
properties.

                    About American Container

American Container, Inc., filed a chapter 11 petition (Bankr. W.D.
Tenn. Case No. 16-26399) on July 15, 2016.  The petition was signed
by Steve Harris, president.  The Debtor is represented by Russel W.
Savory, Esq., at Beard & Savory, PLLC.  The case is assigned to
Judge Paulette J. Delk.  The Debtor disclosed total assets at $2.55
million and total debts at $4.30 million at the time of the
filing.

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


AMERIFLEX ENGINEERING: Case Summary & 20 Top Unsecured Creditors
----------------------------------------------------------------
Debtor: Ameriflex Engineering LLC
        1385 Antelope Road
        White City, OR 97503

Case No.: 17-60837

Business Description: Ameriflex Engineering LLC --
                      http://rhboats.com;fishrite-boats.com -- is
                      engaged in the design, development and
                      manufacturing of boats.  The Company was
                      created in 2008 with the acquisition of the
                      assets of then struggling River Hawk Boats,
                      Inc.  Cajon, Inc. and Pacific Diamond &
                      Precious Metals each own 50% membership
                      interest in the Debtor.

Chapter 11 Petition Date: March 22, 2017

Court: United States Bankruptcy Court
       District of Oregon

Judge: Hon. Thomas M Renn

Debtor's Counsel: Tara J Schleicher, Esq.
                  FARLEIGH WADA WITT
                  121 SW Morrison St #600
                  Portland, OR 97204
                  Tel: (503) 228-6044
                  Email: tschleicher@fwwlaw.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Pacific Diamond & Precious Metals, Inc.,
member.

A copy of the Debtor's list of 20 largest unsecured creditors is
available for free at http://bankrupt.com/misc/orb17-60837.pdf


AMNEAL PHARMACEUTICALS: Dividend Recap Credit Neg., Moody's Says
----------------------------------------------------------------
Moody's Investors Service commented that Amneal Pharmaceuticals
LLC's intention to fund a special dividend to its owners with $300
million in incremental debt is credit negative. The debt increase
comprises a combination of a $250 million add-on term loan B to its
existing facility and a $50 million draw under its unrated
asset-based revolver. While the deal increases pro forma
debt/EBITDA to approximately 4.6 times, Amneal's earnings growth
will facilitate a decline to around 4 times within twelve months.
Moody's outlooks calls for continued strong performance from new
and recent product launches that will more than offset its base
business declines. As a result, there is no change to the existing
ratings or outlook, including the B1 Corporate Family Rating, and
the B1 rating on the senior secured credit facility.

Headquartered in Bridgewater, NJ, Amneal Pharmaceuticals LLC, is a
generic pharmaceutical manufacturer with facilities in New York,
New Jersey, and India. The company generates most of its revenue in
the US, with some presence internationally. Amneal generated $959
million of revenue over the twelve months ended September 30, 2016.
The company is majority owned by its founders and Tarsadia
Investments.



AMNEAL PHARMACEUTICALS: S&P Affirms 'BB-' CCR; Outlook Negative
---------------------------------------------------------------
S&P Global Ratings affirmed its 'BB-' corporate credit rating on
Amneal Pharmaceuticals LLC and revised the outlook to negative from
stable.

Amneal Pharmaceuticals is adding $250 million to its existing
senior secured term loan and upsizing its asset-backed loan (ABL)
to $200 million.  The company will use the add-on proceeds, along
with $50 million drawn from the upsized ABL, to fund a
$300 million distribution to shareholders.

At the same time, S&P affirmed its 'BB-' issue-level rating on the
company's senior secured term loan.  The recovery rating remains
'4', reflecting S&P's expectation for modest recovery in the case
of default (30%-50%, rounded estimate: 40%).

The rating affirmation reflects S&P's expectation that Amneal will
perform in line with S&P's 2017 base-case scenario, including a
top-line growth rate in the low teens, stable margins, about
$100 million of free operating cash flow (before tax
distributions), and leverage below 4.5x.

"The negative rating outlook is based on our uncertainty about
Amneal's ability to improve its cash flow generation to the
projected level, given cash flow deficits in 2015-2016 and the
significant amounts of working capital and capital expenditures
required to support Amneal's rapid top-line growth," said S&P
Global Ratings credit analyst Maryna Kandrukhin.

S&P's updated base case projects that Amneal's cash flow generation
will improve in 2017 as a result of continued strong EBITDA growth
(EBITDA increasing by $30 million-$35 million in 2017 compared to
2016) and a significant improvement in working capital management.
Amneal had to invest significant resources into working capital in
2016 in preparation for the Yuvafem launch and on stocking
inventory for some of its 2017 product launches. S&P expects it
will introduce more than 30 products this year, compared with 18 in
2016.  In the absence of a large product launch like Yuvafem and
given the already available inventory for some of the 2017 product
launches, S&P thinks the opportunity for a meaningful improvement
in inventory management exists.

The negative outlook reflects S&P's uncertainty around Amneal's
ability to generate strong positive cash flow in 2017.  While S&P
is projecting significant improvement in cash flow generation in
2017, the projected scenario will require substantial improvement
in working capital management and control over capital
expenditures.  Based on the company's track record of cash flow
deficits for the past two years, S&P thinks its business model may
require ongoing elevated investments into working capital and
spending to support the company's rapid top-line growth, which
would curtail cash flow generation.

S&P could lower the rating if Amneal fails to meet S&P's base-case
projections for cash flow generation in 2017.  S&P could downgrade
the company if its 2017 free operating cash flow is not sufficient
to cover its tax distribution requirements (which S&P estimates to
be $80 million for 2017) and improvement in cash flow generation
appears unlikely.  S&P could also lower the rating if intensifying
competition and price erosion in the generics space inhibits
revenue growth and leads to declining profitability and leverage
that exceeds 4.5x.  Such a scenario could occur if Amneal's revenue
growth declined to the single digits, EBITDA margin contracted by
around 100 basis points, leverage exceeded 4.5x, and we considered
a turnaround unlikely.  In addition, a debt-financed dividend or an
acquisition that would increase leverage to more than 4.5x could
prompt a downgrade.  A debt-funded dividend distribution around
$400 million, in contrast to the currently projected annual
dividend distributions of around $300 million, would contribute to
this outcome.

S&P could revise the outlook back to stable if Amneal meets S&P's
base-case projections for steady top-line growth and strong cash
flow generation in 2017.  If the company demonstrates meaningful
improvement in working capital management and strong control over
its capital expenditures, resulting in at least $100 million in
free operating cash flow in 2017, and S&P develops confidence that
Amneal's cash flow generation will further improve, S&P' will
revise the outlook to stable.


ANCHOR R&R: Hires Coastal as Real Estate Broker
-----------------------------------------------
Anchor R&R, LLC seeks authorization from the Hon. Theodor C. Albert
of the U.S. Bankruptcy Court for the Central District of California
to employ Coastal Real Estate Solutions as real estate broker to
sell the Debtor's property located at 1 Monarch Cove, Dana Point,
CA 92629.

Coastal's commission will be 5% to be split with any buyer's
broker.

Mark J. Watcher, broker/realtor/appraiser/owner at Coastal, assured
the Court that the firm is a "disinterested person" as the term is
defined in Section 101(14) of the Bankruptcy Code and does not
represent any interest adverse to the Debtor and its estate.

Coastal can be reached at:

       Mark J. Watcher
       COASTAL REAL ESTATE SOLUTIONS
       P.O. Box 7695
       Newport Beach, CA 92658
       Tel: (949) 863-9040
       E-mail: markjwatcher@gmail.com

                     About Anchor R&R, LLC

Headquartered at Garden Grove, CA, Anchor R&R, LLC sought
protection under Chapter 11 of the Bankruptcy Code (Bankr. C.D.
Cal. Case No. 17-10703) on February 24, 2017. The petition was
signed by Teresa Anne Roebuck, manager.

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

The Debtor is represented by Charity J. Miller of Goe & Forsythe
LLP. The case is presided by the Hon. Catherine E. Bauer.

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



ANDERSON SHUMAKER: Committee Taps Freeborn & Peters as Counsel
--------------------------------------------------------------
The official committee of unsecured creditors of Anderson Shumaker
Company seeks approval from the U.S. Bankruptcy Court for the
Northern District of Illinois to hire legal counsel.

The committee proposes to hire Freeborn & Peters LLP to give legal
advice regarding its duties under the Bankruptcy Code, negotiate
with the Debtor, investigate the Debtor's assets, give advice
regarding any potential sale of assets or bankruptcy plan, and
provide other legal services.

The hourly rates charged by the firm for these attorneys expected
to represent the committee are:

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

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

The firm can be reached through:

     Shelly A. DeRousse, Esq.
     Devon J. Eggert, Esq.
     Elizabeth L. Janczak, Esq.
     Trinitee G. Green, Esq.
     311 South Wacker Drive, Suite 3000
     Chicago, IL 60606
     Tel: 312.360.6000
     Fax: 312.360.6520
     Email: sderousse@freeborn.com
     Email: deggert@freeborn.com
     Email: ejanczak@freeborn.com
     Email: tgreen@freeborn.com

                 About Anderson Shumaker Company

Based in Chicago, Illinois, Anderson Shumaker Company provides open
die forgings and custom forgings in various shapes and finishes
using stainless steel, aluminum, carbon steel and various grades of
alloy steel.  

The Debtor filed a Chapter 11 petition (Bankr. N.D. Ill. Case No.
17-05206) on February 23, 2017.  The Debtor is represented by
Scott R. Clar, Esq. and Brian P. Welch, Esq. at Crane, Heyman,
Simon, Welch & Clar.

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


ANJALI ENTERPRISE: Seeks to Hire Pamela Magee as Legal Counsel
--------------------------------------------------------------
Anjali Enterprise LLC seeks approval from the U.S. Bankruptcy Court
for the Middle District of Louisiana to hire legal counsel.

The Debtor proposes to hire Attorney Pamela Magee LLC to give legal
advice regarding its duties under the Bankruptcy Code, and provide
other legal services related to its Chapter 11 case.

The firm will charge an hourly rate of $325 for its services.

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

The firm can be reached through:

     Pamela G. Magee, Esq.
     Attorney Pamela Magee LLC
     11745 Bricksome Ave.
     Baton Rouge LA 70816
     Tel: (225) 367-4662
     Email: pam@AttorneyPamMagee.com

                     About Anjali Enterprise

Anjali Enterprise LLC sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. M.D. La. Case No. 17-10178) on March 2,
2017.  The petition was signed by Maria Sol Gonzales, President.  

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

The Debtor initially filed a Chapter 11 petition (Bankr. M.D. La.
Case No. 16-10831) on July 18, 2016.


ANSWERS HOLDINGS: DIP Loan, Cash Collateral Use Okayed on Interim
-----------------------------------------------------------------
The Hon. Stuart M. Bernstein of the U.S. Bankruptcy Court for the
Southern District of New York has granted Answers Holdings, Inc.,
interim permission to obtain postpetition financing and to use cash
collateral.

The hearing to consider entry of the final court order on the DIP
Facility and the DIP L/C Facility is scheduled for April 4, 2017,
at 2:00 p.m. (prevailing Eastern Time).  Objections must be filed
no later than March 31, 2017, at 4:00 p.m. (prevailing Eastern
Time).

The court order, along with the budget and the credit agreement, is
available at http://bankrupt.com/misc/nysb17-10496-54.pdf

The Debtor requested that lenders provide a senior secured,
superpriority term loan facility of up to $25 million in the
aggregate principal amount and a letter of credit facility of
$1.310 million in respect of existing letters of credit, to fund
the working capital requirements, fees, costs and expenses of
Holdings and its subsidiaries during the pendency of the Chapter 11
cases, including, for the avoidance of doubt, costs associated with
exiting the cases.  

As of the Petition Date, Answers Corporation, as borrower, each of
the guarantors party thereto, the financial institutions parties
thereto from time to time as lenders, and Credit Suisse AG as
administrative agent and collateral agent for the Prepetition First
Lien Lenders, were parties to that certain Credit Agreement, dated
Oct. 3, 2014.  As of the Petition Date, the aggregate outstanding
obligations arising under the Prepetition First Lien Loan Documents
were no less than $367,477,257.64 consisting of (i) Revolving
Credit Loans of no less than $38,690,000, (ii) Term Loans of no
less than $320,125,000, (iii) the Existing Letter of Credit of no
less than $1,309,906.64, (iv) Swap Termination Value under Secured
Hedge Agreements of no less than $7,352,257.64, and (v) accrued and
unpaid interest, costs, expenses, fees, other charges and other
obligations owing to the Prepetition First Lien Secured Parties or
affiliates thereof.  The Prepetition First Lien Indebtedness is
secured by first-priority Liens granted to, or for the benefit of,
the Prepetition First Lien Secured Parties on the real property of
the Debtors, cash collateral, and on substantially all of the
personal property of the Debtors, as further described in the
Prepetition First Lien Loan Documents.

As of the Petition Date, Answers Corporation, as borrower, each of
the guarantors party thereto, the financial institutions parties
thereto from time to time as lenders, and Wilmington Trust,
National Association, as administrative agent and collateral agent
for the Prepetition Second Lien Lenders, were parties to that
certain Credit Agreement, dated Oct. 3, 2014.  The Prepetition
Second Lien Credit Facility provided for a $180,206,200 term loan.
The Prepetition Second Lien Indebtedness is secured by
second-priority Liens granted to, or for the benefit of, the
Prepetition Second Lien Secured Parties on the real property of the
Debtors, cash collateral, and on substantially all of the personal
property of the Debtors.

The Debtor is authorized to (i) borrow DIP Loans under the DIP
Facility in an aggregate outstanding principal amount not to exceed
$10 million, (ii) request the issuance of new letters of credit
under the DIP L/C Facility in an aggregate outstanding principal
amount not to exceed $2 million and (iii) increase the DIP Facility
solely by any amounts drawn under the Existing Letter of Credit in
an aggregate face amount of $1,309,906.64, which letter of credit
is deemed outstanding under the DIP Facility in accordance with its
terms.  Following the expiration of the interim period, the
Debtor's authority to borrow further DIP Loans, request the
issuance of New Letters of Credit and increase the DIP Facility
solely on account of any amounts drawn under the Existing Letter of
Credit will be governed by the terms of the final court order.
Maturity date is the earliest to occur of (i) six months after the
Petition Date, (ii) the Plan Effective Date, (iii) the date all DIP
Loans become due and payable under the DIP Documents, whether by
acceleration or otherwise, and (iv) the date of the closing of a
sale, transfer or other disposition of all or substantially all of
the assets of the Debtor or the consolidated subsidiaries, provided
that if the day is not a business day, the Maturity Date will be
the business day immediately preceding the day.

The proceeds of the DIP Facility and DIP Collateral will be used in
accordance with the terms and conditions of the DIP Loan Documents
and the interim court order, including, without limitation, the
budget covenants, solely for (i) the costs of administering the
Chapter 11 cases, (ii) consummation of the
Restructuring Transactions, (iii) ongoing working capital and
capital expenditure needs of the Debtors during the pendency of the
Chapter 11 cases, (iv) cash collateralizing the New Letters of
Credit in accordance with the terms and conditions of the DIP
L/C Facility Documents and the interim court order, and (v) funding
the carve-out.

The DIP Agent is granted liens on all property of the Debtors and
the liens will in each and every case be first-priority senior
liens that" (i) are subject only to the Prepetition Senior Liens
and, to the extent provided in the provisions of the interim court
order, the DIP Loan Documents and the DIP L/C Facility Documents,
will also be subject to the carve-out, and (ii) are senior to all
other prepetition and postpetition liens of any other person or
entity.  

In addition to the DIP Liens, (1) effective immediately upon entry
of the interim court order, all of the DIP Obligations and the New
L/C Obligations authorized to be incurred by the Debtors will
constitute allowed super-priority administrative expense claims,
which will have priority, subject only to the payment of the
carve-out, over all administrative expense claims, adequate
protection and other diminution claims, unsecured claims and all
other claims against the applicable Debtors.

Each applicable Debtor is authorized to use proceeds of DIP Loans
and to request issuance of New Letters of Credit from and after the
Effective Date, and (b) each applicable Debtor is authorized to use
all cash collateral, and each Debtor will be enjoined and
prohibited from, at any time, using proceeds of DIP Loans and the
New Letters of Credit or cash collateral.

The Prepetition Secured Parties will receive and retain all rights
and entitlements that a secured creditor that did not consent to
the use of its cash collateral or other property or sought relief
from the automatic stay and had the request been overruled would
otherwise receive and retain.  In addition, the Prepetition Secured
Parties are granted these forms of adequate protection: (a) first
lien adequate protection liens; (b) second lien adequate protection
liens; (c) first lien adequate protection super-priority claims;
(d) second lien adequate protection super-priority claims; (e) the
Adequate Protection Super-Priority Claims against each Debtor will
be against each Debtor on a joint and several basis; (f) first lien
adequate protection payments; (g) second lien adequate protection
payments; and (h) right to seek additional adequate protection.

                     About Answers Holdings

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

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

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

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

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

Kirkland & Ellis LLP represents the Debtors as bankruptcy counsel.

Alvarez & Marsal North America, LLC serves as restructuring
advisor.


AQUION ENERGY: Asks Court to Allow Use of Trinity Cash Collateral
-----------------------------------------------------------------
Aquion Energy, Inc., seeks authorization from the U.S. Bankruptcy
Court for the District of Delaware to use cash collateral in which
Trinity Capital Fund II, L.P., has, or asserts, an interest.

The Debtor seeks to use cash collateral in an amount consistent
with the expenditures described in the Budget.  Among other things,
the Debtor intends to use cash collateral to:

      (a) satisfy postpetition operating expenses of the Debtor,

      (b) pay certain prepetition obligations of the Debtor, and

      (c) pay reorganization expenses, including but not limited to
allowed fees and expenses incurred by the professionals retained by
the Debtor and any statutory committees appointed in the Debtor's
chapter 11 case.

The proposed Budget for March 9, 2017, through April 28, 2017,
reflects total operating cash disbursements of approximately
$607,000 and total restructuring expenses in the aggregate sum of
$875,000.

The Debtor believes that only Trinity Capital asserts an interest
in its cash collateral. As such, the Debtor proposes to provide
adequate protection to Trinity Capital as follows:

      (a) a continuing security interest in and lien on all
collateral of the Debtor of the same type and nature that exists as
of the Petition Date with the same validity and priority as exists
as of the Petition Date, including the income and proceeds
thereof;

      (b) an additional and replacement security interest in and
lien on all property and assets of the Debtor's estate solely to
the extent of any diminution in value of cash collateral;

      (c) solely to the extent of any diminution in value, an
allowed administrative claim in the Chapter 11 Case;

      (d) Trinity Capital will receive adequate protection payments
in the form of ongoing payment of non-default interest accruing on
a monthly basis under the Trinity Loan Documents.

      (e) the Debtor will maintain a cash balance in its deposit
and securities accounts that is no less than $5.16 million, which
is the maximum amount that may be owed under the Trinity Loan
Agreement.

The Debtor's ability to use cash collateral pursuant to the
proposed Interim Order will end on the date on which the Final
Order is entered. Pursuant to the proposed Final Order, the Debtor
will continue to be allowed to use cash collateral for the period
from the entry of the Final Order through the earliest of:

      (a) April 28, 2017, unless extended by agreement of Trinity
or further order of the Court,

      (b) the effective date of a confirmed plan of reorganization
in the Chapter 11 Case,

      (c) the closing of a sale of substantially all assets of the
Debtor; and

      (d) the date of a material breach by the Debtor under the
Interim Order.

A full-text copy of the Debtor's Motion, dated March 8, 2017, is
available at https://is.gd/716n0X

                      About Aquion Energy, Inc.

Aquion Energy, Inc., based in Pittsburgh, PA, filed a Chapter 11
petition (Bankr. D. Del. Case No. 17-10500) on March 8, 2017.  The
petition was signed by Suzanne B. Roski, chief restructuring
officer.  The Hon. Kevin J. Carey presides over the case.  In its
petition, the Debtor estimated $10 million to $50 million in both
assets and liabilities.

The Debtor tapped Laura Davis Jones, Esq., at Pachulski Stang Ziehl
& Jones LLP, as counsel.  The Debtor also engaged Kurtzman Carson
Consultants, LLC, as claims and noticing agent; and Suzanne Roski
of Protiviti, Inc. as chief restructuring officer.


ARAMARK INTERNATIONAL: S&P Rates Proposed EUR325MM Sr. Notes 'BB+'
------------------------------------------------------------------
S&P Global Ratings assigned its 'BB+' issue-level rating to Aramark
International Finance S.a.r.l.'s proposed EUR325 million senior
unsecured notes due in 2025 with a '4' recovery rating, reflecting
S&P's expectation for average (30%-50%; rounded estimate: 40%)
recovery in the event of a payment default.  S&P also stated that
its 'BB+' issue-level and '4' recovery rating on the existing
senior unsecured notes are unchanged.  S&P expects the company will
use the net proceeds from the proposed issuance to pay down the
existing term loans.  S&P's ratings assume the transaction closes
on substantially the terms provided to S&P. Total debt outstanding
pro forma for the proposed transaction is about $5.5 billion.

All of S&P's existing ratings on the company -- including S&P's
'BB+' corporate credit rating, 'BBB-' senior secured debt ratings,
and 'BB+' senior unsecured note ratings -- are unaffected by the
transaction.  The outlook is stable.

S&P's ratings on Aramark incorporate the company's leading (though
not dominant) position in the competitive and fragmented food and
support services market and its sizable business with customers in
relatively stable service segments (particularly heath care,
education, and corrections), which S&P believes translates into
consistent profitability.  S&P's ratings also incorporate Aramark's
high client retention rates and moderate geographic diversity.  S&P
believes the company has a generally good reputation as an
efficient operator and could benefit from potential industry wide
growth in outsourcing.  S&P forecasts debt to EBITDA in the mid-3x
area in fiscal 2017 and 2018, and FFO to debt in the high-teens
percentage area in 2017 and 2018.

RATINGS LIST

Aramark
Corporate credit rating                    BB+/Stable/--

Ratings Assigned
Aramark International Finance S.a.r.l.
Senior unsecured
  EUR325 mil. notes due 2025                  BB+
   Recovery Rating                          4(40%)


ARUBA PETROLEUM: Taps Clayton & Clayton as Accountant
-----------------------------------------------------
Aruba Petroleum, Inc seeks approval from the US Bankruptcy Court
for the Eastern District of Texas, Sherman Division, to employ
Craig Clayton and the firm Clayton & Clayton P.C. as accountants.

The Debtor believes it is necessary to retain the Firm immediately
for the purpose of orderly liquidating the assets, reorganizing the
claims of the Estate and determining the validity of claims
asserted in the Estate.

The compensation to be paid to the Firm shall be based upon 15% of
any refund obtained by the Firm for the benefit of Aruba.

Craig Clayton attests that the Firm has previously represented the
Debtor in its sale and severance tax matters. The Firm does not
represent any creditors or parties in this case, their respective
attorneys and accountant, the United States Trustee, or any person
employed in the US Trustee, and does not represent any other
interest adverse to the Estate of the Debtor.

The Firm can be reached through:

     Craig Clayton
     CLAYTON & CLAYTON PC
     401 Austin Highway # 110
     San Antonio, TX 78209
     Phone: (210) 828-2661

                            About Aruba Petroleum

Aruba Petroleum, Inc. sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. E.D. Tex. Case No. 16-42121) on Nov. 22,
2016.  The petition was signed by James Poston, president.  At the
time of the filing, the Debtor disclosed liabilities totaling $4.67
million.

Eric A. Liepins, P.C. serves as lead counsel to the Debtor.  Ben K.
Barron, Esq. of the Law Office of Ben Barron and Keith Bradley,
Esq. of Bradley Law Firm serve as special counsel to the Debtor.


ASCENT RESOURCES: Moody's Assigns B2 Corporate Family Rating
------------------------------------------------------------
Moody's Investors Service assigned first-time ratings to Ascent
Resources Utica Holdings, LLC (ARUH) including a B2 Corporate
Family Rating (CFR) and a B3 rating to ARUH's proposed $1.5 billion
senior unsecured notes. The outlook is stable.

Net proceeds from the note offering will be used to repay Ascent
Resources -- Utica, LLC's (ARU) second lien term loan.

Issuer: Ascent Resources Utica Holdings, LLC

Assignments:

-- Corporate Family Rating, Assigned B2

-- Probability of Default Rating, Assigned B2-PD

-- US$1,500mm Senior Unsecured Regular Bond/Debenture, Assigned
    B3 (LGD 4)

RATINGS RATIONALE

The B2 CFR reflects ARU's natural gas-weighted production profile
which yields lower cash margins than an oil-weighted production
base on an equivalent unit of production, leveraged capital
structure, weak asset coverage, and Moody's expectation that the
company will maintain a large drilling budget with aggressive
growth targets through 2018. The rating also reflects ARU's large
firm transportation over-commitment in 2018, which could require
additional liquidity in a sustained low-natural gas price
environment, although the company has historically managed this
exposure well through use of asset management agreements with
third-party marketing companies. The rating benefits from its
premium acreage position and growing reserve base in the highly
productive, low-cost Utica Shale and a hedging program that should
provide meaningful protection to debt service and the drilling
program.

In accordance with Moody's Loss Given Default (LGD) methodology,
ARUH's senior unsecured notes are rated B3, one notch below the B2
CFR because of the priority ranking of the company's secured
revolver.

While current leverage metrics are weak for the B2 CFR, Moody's
projects ARU's production will grow rapidly through 2018, allowing
the company to reduce its debt to average daily production from
more than $18,000 per boe for the fourth quarter of 2016 to less
than $10,000 for the fourth quarter of 2017. ARU's exit rate
production for 2017 is expected to be more than double that of 2016
as the company intends to add a fourth rig in the coming weeks and
complete a majority of its previously drilled but uncompleted
wells. The very contiguous nature of ARU's acreage allows for
extended lateral lengths and pad development, maximizing capital
efficiency without having to acquire additional acreage to shore up
drilling plans. ARU will spend between $700 million and $750
million in 2017 and Moody's expectes that number to be higher in
2018 to support its aggressive production growth targets. All but
about $30 million of its capex will be internally funded in 2017
based on the midpoint of Moody's expected range of natural gas
prices.

Moody's expects ARU to maintain adequate liquidity to cover its
cash needs through early 2018. Pro forma the note issue, ARU will
have $551 million of cash and no borrowings under its borrowing
base revolving credit facility, which expires in 2022. The initial
borrowing base under the $1.5 billion revolver will be $650
million, although the borrowing base is expected to grow as the
company executes on its ambitious production growth plan. Financial
covenants include a net debt/EBITDAX limit of 4.25x through June
30, 2017, stepping down to 4x thereafter (cash netting will be
limited to $50 million beginning June 30, 2018), and a current
ratio greater than 1x. Moody's expects ARUH to maintain compliance
with its financial covenants. Beyond the revolver, ARUH's next
maturity is the five-year tranche of the proposed notes in 2022.

The outlook is stable. Ratings could be upgraded if RCF/debt
appears sustainable above 30% and LFCR is trending toward 1.5x. A
downgrade would be considered if capital productivity doesn't meet
expectations, such that RCF to debt falls below 15% or if 2018
EBITDA/Interest is likely to be below 3x.

The principal methodology used in these ratings was Global
Independent Exploration and Production Industry published in
December 2011.

Based in Oklahoma City, Oklahoma, Ascent Resources Utica Holdings,
LLC is an independent E&P company with operations in the Utica
Shale in Eastern Ohio.


ASCENT RESOURCES: S&P Assigns 'B-' CCR; Outlook Negative
--------------------------------------------------------
S&P Global Ratings said that it assigned its 'B-' corporate credit
rating to Ascent Resources Utica Holdings LLC (ARUH).  The rating
outlook is negative.

At the same time, S&P assigned its 'B-' issue-level rating and '4'
recovery rating to the company's proposed $1.5 billion senior
unsecured notes.  The '4' recovery rating indicates S&P's
expectation for average (30%-50%; rounded estimate: 40%) recovery
to creditors in the event of a payment default.

ARUH plans to use the proceeds to repay its second-lien term loan
($1.3 billion outstanding as of Dec. 31, 2016; issued by operating
subsidiary Ascent Resources Utica LLC) and fund its capital program
in the southern Utica Shale.

ARUH is a private Appalachian-centered exploration and production
company founded in June 2013 and focused on the Utica Shale (Ohio).
"The corporate credit rating reflects our assessment of the
company's business risk profile as vulnerable, its financial risk
profile as highly leveraged, and its liquidity as adequate," said
S&P Global Ratings' credit analyst Christine Besset.

The negative outlook reflects uncertainty around ARUH's aggressive
growth plan and the potential for its liquidity or leverage to
deteriorate in 2018 unless it finds additional financing to fund
its development plans.

S&P could lower the corporate credit rating if the company fails to
increase production as expected and if S&P views its debt leverage
as unsustainable, or if its liquidity deteriorated such that S&P
viewed it as less than adequate.

S&P could revise the outlook to stable if the company successfully
increases production and reserves while maintaining adequate
liquidity.  This would most likely occur if ARUH is able to expand
the borrowing base under its revolving credit facility as a result
of its drilling success.


ASSUREDPARTNERS INC: Moody's Affirms B3 Corporate Family Rating
---------------------------------------------------------------
Moody's Investors Service has affirmed the B3 corporate family
rating and B3-PD probability of default rating of AssuredPartners,
Inc. (AssuredPartners) following the company's announcement that it
plans to borrow an incremental $202 million under its first-lien
term loan (rated B2) and $60 million under its second-lien term
loan (rated Caa2). Net proceeds from the offering, along with cash
on the balance sheet, will be used to repay revolving credit
borrowings, help fund the acquisition of Keenan & Associates
(Keenan) and pay related fees and expenses. Keenan is a sizable
California insurance brokerage and third-party administrator and
service company with a specialized practice mainly serving public
entities. The outlook for the ratings is stable.

RATINGS RATIONALE

AssuredPartners' ratings reflect its growing market presence in
middle market insurance brokerage; good diversification across
clients, producers, insurance carriers and product lines; and
healthy EBITDA margins, said Moody's. Additionally, the company is
taking steps to promote higher organic growth given P&C commercial
lines pricing pressure. Offsetting these strengths is the company's
elevated financial leverage, driven by the high volume of
acquisitions. Since its formation in 2011, AssuredPartners has
completed more than 170 largely debt-funded small and mid-sized
acquisitions, including 44 during 2016. The company has a network
of over 160 offices in 31 states (mainly in the eastern US), the
District of Columbia and London. The company's existing and
acquired operations face potential liabilities from errors and
omissions in the delivery of professional services.

The purchase of Keenan represents the company's largest acquisition
to date, exposing it to heightened integration and contingent
risks, particularly since California limits the enforceability of
producer non-compete agreements. Moody's also notes that the
California agency owns a small captive insurer that writes a
limited amount of long-tail casualty risk.

On a pro forma basis, giving effect to the proposed incremental
borrowings and the Keenan acquisition, AssuredPartners' will have a
debt-to-EBITDA ratio above 7.5x and (EBITDA - capex) interest
coverage in the range of 1.6x-1.8x, per Moody's calculations. These
metrics include Moody's accounting adjustments for operating
leases, deferred earnout obligations and run-rate earnings from
recently completed acquisitions. Such financial leverage is above
the expected range for AssuredPartners' rating category, but
Moody's expects the company to reduce it below 7.5x over the next
few quarters through EBITDA growth. The high leverage leaves the
company with little capacity to withstand setbacks in its existing
or newly acquired operations. The performance-based deferred
earnout arrangements promote growth among acquired brokers, but
they also add to AssuredPartners' financial leverage and near-term
cash outflows.

Factors that could lead to an upgrade of AssuredPartners' ratings
include: (i) debt-to-EBITDA ratio below 6x, (ii) (EBITDA - capex)
coverage of interest exceeding 2x, and (iii) free-cash-flow-to-debt
ratio exceeding 5%.

Factors that could lead to a rating downgrade include: (i)
debt-to-EBITDA ratio remaining above 7.5x, (ii) (EBITDA - capex)
coverage of interest below 1.2x, or (iii) free-cash-flow-to-debt
ratio below 2%.

Moody's has affirmed the following ratings (and loss given default
(LGD) assessments):

Corporate family rating at B3;

Probability of default rating at B3-PD;

$202.5 million (including $25 million increase) first-lien
revolving credit facility expiring in October 2020 at B2 (LGD3);

$1,126 million (including $202 million increase) first-lien term
loan maturing in October 2022 at B2 (LGD3);

$447 million (including $60 million increase) second-lien term loan
maturing in October 2023 at Caa2 (LGD5).

The rating outlook is stable.

The principal methodology used in these ratings was Insurance
Brokers and Service Companies published in December 2015.

Based in Lake Mary, Florida, AssuredPartners is an insurance
brokerage company that provides property & casualty and employee
benefits insurance products and solutions to middle-market
businesses and personal clients across the US. The company
generated total revenues of $586 million for the 12 months through
September 2016.


ATLAS DISPOSAL: Court Extends Plan Filing Deadline Thru July 28
---------------------------------------------------------------
Honorable Vincent Papalia has extended Atlas Disposal Options
Inc.'s exclusive right to file a Chapter 11 plan through July 28,
2017.

As previously reported by The Troubled Company Reporter, the Debtor
said it is presently dealing with the issues plaguing it, and will
be able to prepare and submit and hopefully confirm a Plan within a
reasonable period of time, by the middle of July 2017.

The Debtor's former counsel Fogel filed a Business Chapter 11
Combined Plan and Disclosure Statement on September 23, 2016; but
such plan was met with numerous objections. Counsel Fogel has
withdrawn from the case, and has been replaced by Stuart M.
Nachbar, Esq. on January 31, 2017.

Presently, the Debtor and its new counsel are in the process of
negotiating with the Internal Revenue Service regarding prospective
cash collateral orders, and hope to have that issues resolved
shortly. A new Status Conference
had been scheduled for March 23, 2017, and the Debtor hopes to have
positive news about said negotiations and cash flow.

                  About Atlas Disposal Options

Atlas was formed to offer environmental contractors and industrial
clients a single source for all their disposal needs.  The Debtor
facilitates transportation and disposal of almost any waste
stream,
utilizing its own trucks, personnel and equipment to transport and
dispose of any petroleum, sanitary or hazardous waste.

The Debtor sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. D. N.J. Case No. 16-19253) on May 12, 2016.  The
petition was signed by Paul Masser, president.  The case is
assigned to Judge Vincent F. Papalia.

Initially, the Debtor was represented by Richard Fogel, Esq.
Subsequently, the Debtor employed Stuart M. Nachbar, Esq. at Law
Office of Stuart M. Nachbar, P.C. to represent it in its case.
The
Debtor also tapped Walter B. Dennen, Esq. at Aimino & Dennen, LLC
as special counsel; and Todd S. Marrazzo as the accountant.

At the time of the filing, the Debtor disclosed $347,640 in assets
and $1.05 million in liabilities.


AZ AIR TIME: U.S. Trustee Unable to Appoint Committee
-----------------------------------------------------
The Office of the U.S. Trustee on March 21 disclosed in a court
filing that no official committee of unsecured creditors has been
appointed in the Chapter 11 case of AZ Air Time LLC.

                    About AZ Air Time LLC

AZ Air Time LLC filed a Chapter 11 bankruptcy petition (Bankr. D.
Ariz. Case No. 17-01062) on Feb. 3, 2017, listing under $1 million
in both assets and liabilities.  Olga Zlotnik, Esq., at the Law
Office of Olga Zlotnik, PLLC, serves as the Debtor's bankruptcy
counsel.


AZURE MIDSTREAM: David Robins Holds 5.8% of Common Units
--------------------------------------------------------
In a Schedule 13G filed with the Securities and Exchange
Commission, David C. Robins disclosed that as of March 13, 2017,
he beneficially owns 655,000 common units representing limited
partner interests of Azure Midstream Partners, LP representing 5.8
percent of the Common Units outstanding.  A full-text copy of the
regulatory filing is available for free at https://is.gd/zhDl8v

                      About Azure Midstream

Azure Midstream Partners, LP, is a publicly traded Delaware master
limited partnership that was formed by NuDevco Partners, LLC and
its affiliates to develop, own, operate and acquire midstream
energy assets.  The Company currently offers: (i) natural gas
gathering, compression, dehydration, treating, processing, and
hydrocarbon dew-point control and transportation services to
producers, marketers and third-party pipeline companies through the
Company's gathering and processing business segment; and (ii) crude
oil logistics services to Associated Energy Services, LP, an
affiliate, through its logistics business segment.

Azure reported a net loss of $222.42 million for the year ended
Dec. 31, 2015, compared to a net loss of $6.82 million for the year
ended Dec. 31, 2014.

As of Sept. 30, 2016, the Company had $375.5 million in total
assets, $179.4 million in total liabilities and $196.2 million in
total partners' capital.

KPMG LLP, in Dallas, Texas, issued a "going concern" qualification
on the consolidated financial statements for the year ended
Dec. 31, 2015, citing that the Partnership anticipates being out of
compliance with the requirements in the Credit Agreement during
2016, which would accelerate the maturity of the outstanding
indebtedness making it currently due and payable.  The Partnership
does not have sufficient liquidity to meet the accelerated debt
service requirements.  This issue raises substantial doubt about
its ability to continue as a going concern.

                         *    *    *

In September 2016, S&P Global Ratings lowered its corporate credit
rating on Azure Midstream Energy LLC to 'CCC+' from 'B-'.  "The
downgrade reflects our view that Azure's credit measures have
worsened due to unfavorable commodity prices and weak industry
conditions, which has made it more challenging to meet its
financial commitments," S&P Global Ratings analyst Mike Llanos
said.

In August 2016, Moody's Investors Service downgraded Azure
Midstream Energy's Corporate Family Rating (CFR) to 'Caa2' from
'B3', Probability of Default Rating (PDR) to 'Caa2-PD' from
'Caa1-PD', senior secured term loan rating to 'Caa2' from 'B3', and
the senior secured revolving credit facility rating to 'B1' from
'Ba3'.  The Speculative Grade Liquidity rating was withdrawn.  The
outlook remains negative.


BADGER HOLDING: S&P Puts 'B+' CCR on CreditWatch Negative
---------------------------------------------------------
S&P Global Ratings said that it has placed its 'B+' corporate
credit rating on Waukesha, Wis.-based work access and industrial
services provider Badger Holding LLC on CreditWatch with negative
implications.

S&P's 'B+' issue-level rating and '4' recovery rating on the
company's existing term loan remain unchanged.  The '4' recovery
rating indicates S&P's expectation for meaningful (50%-70%; rounded
estimate: 45%) recovery in the event of a payment default.

"The CreditWatch negative placement follows an announcement by
Badger that it will combine its subsidiary, Safway Group, with
Brand Energy & Infrastructure Services," said S&P Global credit
analyst Robyn Shapiro.  S&P expects that the combined entity will
have weaker credit metrics relative to our expectations for a 'B+'
corporate credit rating.  The terms of the transaction were not
publicly disclosed.

The CreditWatch negative placement reflects the one-in-two
likelihood that S&P will downgrade Badger by up to one notch after
the transaction closes, which the companies expect will happen in
the third quarter of 2017.  S&P will subsequently withdraw all of
its ratings on Badger.


BAILEY RIDGE: Gets Approval to Hire Houlihan as Accountant
----------------------------------------------------------
Bailey Ridge Partners LLC received approval from the U.S.
Bankruptcy Court for the Southern District of Iowa to hire Houlihan
& Associates, P.C. as its accountant.

The Debtor tapped the firm to assist in the preparation of its tax
returns.  Robert Houlihan, an accountant, will charge an hourly
rate of $120 for his services.

The firm can be reached through:

     Robert Houlihan
     Houlihan & Associates, P.C.
     4240 Hickory Lane, Suite 100
     Sioux City, IA 51106
     Tel: (712) 255-3450
     Fax: (712) 255-4997
     Email: info@houlihancpa.com

                 About Bailey Ridge Partners LLC

Bailey Ridge Partners LLC, based in Kingsley, Iowa, filed a chapter
11 petition (Bankr. N.D. Iowa Case No. 17-00033) on Jan. 11, 2017.
The petition was signed by Floyd Davis, managing member.  The
Debtor is represented by Donald H. Molstad, Esq., at Molstad Law
Firm.

The Debtor estimated assets at $0 to $50,000 and liabilities at $10
million to $50 million at the time of the filing.

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


BALLANTRAE LLC: Case Summary & 2 Largest Unsecured Creditors
------------------------------------------------------------
Debtor: Ballantrae, LLC
          d/b/a Oceanside Academy School
        PO Box 3319
        Sarasota, FL 34230

Case No.: 17-13427

About the Debtor: The Debtor has a fee simple interest in a
                  property located at 5397 Roebuck Road,
                  Jupiter, FL, Kiddie Haven North Lt 1 &
                  35-40-42, N 221 ft of S 281 ft of E 200
                  ft of W 625 ft of SW with a valuation of $2
                  million.  American Business Lending, Inc. holds
                  a secured claim against the Debtor amounting to
                  of $3.38 million.  In 2016, the Debtor recorded
                  gross revenue of $1.067 compared to gross
                  revenue of $1.069 million in 2015.

Chapter 11 Petition Date: March 22, 2017

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

Debtor's Counsel: Brian K. McMahon, Esq.
                  BRIAN K. MCMAHON
                  1401 Forum Way, 6th Floor
                  West Palm Beach, FL 33401
                  Tel: 561-478-2500
                  Fax: 561-478-3111
                  E-mail: briankmcmahon@gmail.com

Total Assets: $2.03 million

Total Liabilities: $3.42 million

The petition was signed by Corinne Gates, manager member.

A copy of the Debtor's list of two unsecured creditors is available
for free at http://bankrupt.com/misc/flsb17-13427.pdf


BARIA AND SONS: Taps Chase Bylenga Hulst as Attorneys
-----------------------------------------------------
Baria and Sons, LLC seeks approval from the US Bankruptcy Court for
the Western District of Michigan to employ Chase Bylenga Hulst,
PLLC as attorneys for the Debtor.

The firm's services to the Debtor include:

     a. providing information to the Debtor with regard to its
duties and responsibilities as required by the United States
Bankruptcy Code of debtor-in-possession;

     b. assisting in the preparation of schedules and statement of
affairs;

     c. assisting in the preparation of financial statements,
balance sheets, and business plans;

     d. pursuing any and all claims of the Debtor against third
parties, including, but not limited to, preferences, fraudulent
conveyances and accounts receivable;

     e. representing the Debtor with regard to any actions brought
against it by third parties in the bankruptcy proceeding;

     f. assisting in the negotiations with secured, unsecured, and
priority creditors and preparing a Plan of Reorganization with a
likelihood of confirmation; and

     g. obtaining confirmation of a Plan of Reorganization.

Chase Bylenga Hulst, PLLC, will charge the Debtor an hourly fee of
$350.00 for any work done by the firm's Partners; an hourly fee of
$275.00 for Associates and other Attorneys should those attorneys
be hired by the firm; and an hourly fee of $125.00 for any work
done by a paralegal or legal assistant who may be employed by the
Firm.

Michael P. Hanrahan, Esq., attests that Chase Bylenga Hulst, PLLC,
does not hold or represent an interest adverse to the estates, and
is disinterested as defined in section 101(14) of the Bankruptcy
Code and as provided in 327(a) of the Bankruptcy Code and 2014(a)
of the Bankruptcy Rules.

The Firm can be reached through:

     Michael P. Hanrahan, Esq.
     Chase Bylenga Hulst PLLC
     25 Division Ave., S, Suite 500
     Grand Rapids, MI, 49503
     Tel: 616-608-3061
     Fax: 616-608-6521
     Email: mike@chasebylenga.com

                                   About Baria and Sons, LLC       


Baria and Sons, LLC, filed a Chapter 11 petition (Bankr. W.D. Mich.
Case No. 17-00970) on March 6, 2017.  The petition was signed by
Gurinder Baria, general manager.  The Debtor is represented by
James R. Oppenhuizen, Esq., at Oppenhuizen Law Firm, PLC.  At the
time of filing, the Debtor had estimated both assets and
liabilities to be between $500,000 to $1 million each.  No trustee
or examiner has been appointed in the Debtor's Chapter 11 case and
no Committees have been appointed designated.


BARIA AND SONS: Taps Oppenhuizen Law Firm as Attorneys
------------------------------------------------------
Baria and Sons, LLC seeks approval from the US Bankruptcy Court for
the Western District of Michigan to employ Oppenhuizen Law Firm,
PLC as attorneys for the Debtor.

The Attorneys will be:

     a. providing information to the Debtor with regard to its
duties and responsibilities as required by the United States
Bankruptcy Code of debtor-in-possession;

     b. assisting in the preparation of schedules and statement of
affairs;

     c. assisting in the preparation of financial statements,
balance sheets, and business plans;

     d. pursuing any and all claims of the Debtor against third
parties, including, but not limited to, preferences, fraudulent
conveyances and accounts receivable, and other claims as recited in
the Adversary Complaint filed contemporaneously with this Chapter
11 proceeding;

     e. representing the Debtor with regard to any actions brought
against it by third parties in the bankruptcy proceeding;

     f. assisting in the negotiations with secured, unsecured, and
priority creditors and preparing a Motion for the sale of All or
Substantially All of the Debtor's Assets or a Plan of
Reorganization with a likelihood of confirmation; and

     g. obtaining confirmation of a Plan of Reorganization, which
may be filed.

Oppenhuizen Law Firm, PLC, will charge the Debtor an hourly fee of
$350.00 for any work done by the firm's Partners; an hourly fee of
$250.00 for Associates and other Attorneys should those attorneys
be hired by the firm; and an hourly fee of $100.00 for any work
done by a paralegal or legal assistant who may be employed by the
Firm.

James R. Oppenhuizen attests that he is a "disinterested person" as
that term is defined in section 101(14) of the Bankruptcy Code and
as modified by section 1107(b) of the Bankruptcy Code.

The Firm can be reached through:

     James R. Oppenhuizen, Esq.
     Oppenhuizen Law Firm PLC
     125 Ottawa Ave. NW, Suite 366
     Grand Rapids, MI 49503
     Tel: 616-730-1861
     Fax: 616-930-4201
     Email: joppenhuizen@oppenhuizenlaw.com

                                   About Baria and Sons, LLC       


Baria and Sons, LLC, filed a Chapter 11 petition (Bankr. W.D. Mich.
Case No. 17-00970) on March 6, 2017.  The petition was signed by
Gurinder Baria, general manager.  The Debtor is represented by
James R. Oppenhuizen, Esq., at Oppenhuizen Law Firm, PLC.  At the
time of filing, the Debtor estimated both assets and liabilities to
be between $500,000 to $1 million each.  No trustee or examiner has
been appointed in the Debtor's Chapter 11 case and no Committees
have been appointed.


BAVARIA YACHTS: Seeks to Hire Dream Yacht Sales as Vessel Broker
----------------------------------------------------------------
Bavaria Yachts USA, LLP seeks approval from the US Bankruptcy Court
for the Northern District of Georgia, Atlanta Division, to employ
Annapolis Bay Charters, Inc. d/b/a Dream Yacht Sales as vessel
broker.

The Debtor seeks to employ DYS in the sale of the Vessel in
accordance with brokerage agreements between Bavaria Yachts USA,
LLP and Dream Yacht Sales, Central Listing Agreement. The Agreement
grants Broker authority to advertise and market the Vessels for the
Gross Asking Price set forth on each Agreement or at any price to
which Debtor agrees, in exchange for which the Debtor agrees to
Broker a commission no more than 10% of the Vessel's gross price.
The central listing agreement is for the period of 6 months, and
may be extended with further court order.

Daniel Lockyer, General Manager of Annapolis Bay Charters, Inc.
d/b/a Dream Yacht Sales, attests that DYS is a "disinterested
person" as that term is defined in Section 101(14) of the
Bankruptcy Code, as modified by Section 110(b) of the Bankruptcy
Code.

The Firm can be reached through:

     Daniel Lockyer
     Annapolis Bay Charters, Inc. d/b/a Dream Yacht Sales
     7080 Bembe Beach Road, Suite 211
     Annapolis, MD 21403
     Tel: 844 328 7771

                   About Bavaria Yachts USA

Bavaria Yachts USA, LLLP sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. N. D. Ga. Case No. 16-68583) on October 18,
2016.  The petition was signed by Kenneth Feld, manager of Oddbody
LLC, the Debtor's general partner. At the time of the filing, the
Debtor estimated its assets and liabilities at $1 million to $10
million.

The Debtor tapped Louis G. McBryan, Esq. of McBryan LLC to serve as
legal counsel in connection with its Chapter 11 case. The Debtor
hires Alexander Dombrowsky, Esq. at Robert Allen Law as its special
counsel; and Mark M. Chase and Chase CPA, LLC as its accountants.

An official committee of unsecured creditors has not been appointed
in the case.


BE MY GUEST: Voluntary Chapter 11 Case Summary
----------------------------------------------
Debtor: Be My Guest, LLC
        14 East 58th Street
        New York, NY 10022

Case No.: 17-10692

Business Description: Unavailable

Chapter 11 Petition Date: March 22, 2017

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

Judge: Hon. Sean H. Lane

Debtor's Counsel: Douglas J. Pick, Esq.
                  PICK & ZABICKI LLP
                  369 Lexington Avenue, 12th Floor
                  New York, NY 10017
                  Tel: (212) 695-6000
                  Fax: (212) 695-6007
                  E-mail: dpick@picklaw.net

Estimated Assets: $500,000 to $1 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Lucy Balan, authorized member.

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

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

           http://bankrupt.com/misc/nysb17-10692.pdf


BI-LO HOLDING: Moody's Lowers Corporate Family Rating to B3
-----------------------------------------------------------
Moody's Investors Service downgraded BI-LO Holding Finance, LLC's
Corporate Family Rating to B3 from B2 and probability of default
rating to B3-PD from B2-PD. Moody's also downgraded the rating of
the company's senior unsecured PIK toggle notes to Caa2 from Caa1.
The B3 rating of BI-LO, LLC's (BI-LO) senior secured notes ("OpCo
notes") is affirmed. The rating outlook is stable.

"Bi-Lo's operating performance has been below expectation for the
last 12-18 months as competitive and deflationary pressures along
with the reduction of government supplemental nutrition assistance
programs (SNAP) in key markets such as Florida have reduced
profitability and weakened credit metrics," Moody's Vice President
Mickey Chadha stated. "Moody's do not expect the operating
environment in the company's geographies to change materially in
2017. Expected new entrants in the the company's markets in
conjunction with increasing pricing pressure from existing
competitors will make any material EBITDA improvement difficult to
achieve," Chadha further stated.

Downgrades:

Issuer: BI-LO Holding Finance, LLC

-- Probability of Default Rating, Downgraded to B3-PD from B2-PD

-- Corporate Family Rating, Downgraded to B3 from B2

-- Senior Unsecured Regular Bond/Debenture, Downgraded to
    Caa2(LGD6) from Caa1(LGD6)

Outlook Actions:

Issuer: BI-LO Holding Finance, LLC

-- Outlook, Remains Stable

Issuer: BI-LO, LLC

-- Outlook, Changed To No Outlook From Stable

Affirmations:

Issuer: BI-LO, LLC

-- Senior Secured Regular Bond/Debenture, Affirmed B3(LGD4)

RATINGS RATIONALE

The B3 Corporate Family Rating reflects the company's weak credit
metrics. Moody's expects debt/EBITDA and EBIT/interest to remain
above 5.5 times and below 1.0 time for the next 12 months. The
ratings also reflect the highly competitive and challenging
operating environment particularly in the geographies in which the
company operates. Although Moody's expects the deflationary
pressure on food items to abate in the second half of 2017 Moody's
expects pricing pressure due to intense competition and new
competitive openings to continue to pressure top-line and
profitability. Moody's therefore expect only modest improvement in
leverage in 2017 from the 5.9 times reported at the end of fiscal
2016. The ratings are supported by the company's good franchise
position in a market well penetrated by competitors, its large
scale and geographic footprint. The company also has good
liquidity. However, the company has significant debt maturities
looming in 2018 and delays in refinancing these maturities well in
advance of the maturity date could cause liquidity to deteriorate.

The rating outlook is stable and incorporates Moody's expectations
that same store sales growth and margins will not meaningfully
deteriorate and the company will refinance its capital structure
well in advance of debt maturities.

Ratings could be upgraded if the company demonstrates the ability
and willingness to achieve and maintain debt to EBITDA below 5.5
times and maintain EBIT to interest over 1.25 times, liquidity
remains good and financial policies are benign.

Ratings could be downgraded if the company's cash flow and
liquidity declines, same store sales growth and operating margins
continue to deteriorate or financial policies become more
aggressive. Ratings could also be downgraded if EBIT/interest does
not demonstrate any improvement from its current level or debt to
EBITDA is sustained above 6.5 times.

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

BI-LO Holding Finance, LLC, and its subsidiaries, operates as a
food retailer in the Southeastern United States. As of December 28,
2016, the Company operated 736 supermarkets in Alabama, Florida,
Georgia, Louisiana, Mississippi, North Carolina, and South Carolina
under the "Winn-Dixie", "BI-LO", "Super BI-LO", "BI-LO at the
Beach", "Harveys" and "Fresco y Más" supermarket banners. The
company is owned by private equity firm Lone Star. Revenue totaled
$10.4 billion for fiscal year 2016.


BIERGARTEN WILLIAMSBURG: Case Summary & 18 Top Unsecured Creditors
------------------------------------------------------------------
Debtor: Biergarten Williamsburg, LLC
        470 Driggs Avenue
        Brooklyn, NY 11211

Case No.: 17-41338

About the Debtor: Biergarten Williamsburg owns the
10,000-square-foot restaurant at 470 Driggs Avenue, in Brooklyn.

Chapter 11 Petition Date: March 22, 2017

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

Judge: Hon. Elizabeth S. Stong

Debtor's Counsel: Peter Hatzipetros, Esq.
                  PETROS LAW GROUP, P.C.
                  14 W 23rd Street
                  New York, NY 10010
                  Tel: 347-804-1206
                  Fax: 212-206-8868
                  E-mail: PeterH@petroslawgroup.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $100,000 to $500,000

The petition was signed by Michael Psilakis, operations manager.

A copy of the Debtor's list of 18 largest unsecured creditors is
available for free at http://bankrupt.com/misc/nyeb17-41338.pdf


BIOSTAGE INC: Promotes Saverio La Francesca M.D. to President
-------------------------------------------------------------
Biostage, Inc., has promoted its Chief Medical Officer, Saverio La
Francesca, M.D. to president.  Dr. La Francesca has served as chief
medical officer of the Company since April 2014.  Dr. La Francesca
will continue to report to Biostage's chief executive officer, Jim
McGorry, as president and chief medical officer.

Dr. La Francesca is a cardiothoracic surgeon with extensive
clinical experience committed to the clinical translation of
transformative medical research.  He has a unique combination of
experience that features over 25 years of academic clinical
surgical practice and innovative research, with a foundation in the
cardiovascular, thoracic transplantation, cardiac assist device and
regenerative medicine fields.  Prior to joining Biostage management
as Chief Medical Officer, Dr. La Francesca served in the Department
of Cardiovascular Surgery and Transplantation at the DeBakey Heart
and Vascular Center at the Houston Methodist Hospital, where he
developed the current surgical and perfusion techniques for
thoracic organ procurement and preservation and where he was also
the Director of the Ex-vivo Lung Perfusion Laboratory.  Previously
he was an attending surgeon at the Department of Cardiopulmonary
Transplantation at the Texas Heart Institute in Houston, Texas and
currently holds an appointment as Associate Professor of Surgery at
the University of Rome "La Sapienza" in Rome, Italy.

"Dr. La Francesca left a prominent heart and transplant practice to
join Biostage because he wanted the opportunity to use his unique
skills as a surgeon and researcher to bring an innovative
technology to underserved patients.  In recognition of Biostage's
commitment to clinical development and the advancement of our
Cellframe technology into humans, we are elevating Dr. La
Francesca's responsibilities to more clearly align with our IND and
clinical development activities," commented Jim McGorry, CEO of
Biostage.  "Dr. La Francesca deserves great credit for advancing
our Cellframe technology across multiple indications.  We look
forward to reporting further progress on our IND and our pilot
clinical study into humans in 2017."

Biostage remains on track to file its IND application with the U.S.
Food and Drug Administration (FDA) for adult esophageal cancer in
the third quarter of 2017 and commence its first-in-human studies
for its Cellspan esophageal implant before the end of 2017.

As previously stated, in addition to developing its Cellspan
esophageal implant for use in adults with esophageal cancer, the
Company is evaluating its Cellspan esophageal implant for use to
treat pediatric esophageal atresia (EA).  EA is a rare birth defect
in which a baby is born with a gap between the upper and lower
esophagus, which effects about 1 in 2,500 babies in the U.S.
Biostage remains extremely encouraged with its EA co-development
efforts with Connecticut Children's Medical Center. The Company is
also evaluating additional partnerships with children's hospitals
showing strong interest in this program.

Successful development of the Company's Cellframe technology in EA
opens the opportunity for a pediatric voucher.  Under Section 529
to the Federal Food, Drug, and Cosmetic Act (FD&C Act), the FDA
will award priority review vouchers to sponsors of rare pediatric
disease product applications that meet certain criteria.  Under
this program, a sponsor who receives an approval for a drug or
biologic for a "rare pediatric disease" may qualify for a voucher
that can be redeemed to receive a priority review of a subsequent
marketing application for a different product.  The recently
enacted 21st Century Cures Act reauthorized the rare pediatric
disease priority review voucher along with additional favorable
incentives to regenerative medicine companies.

"During my three-year tenure at Biostage, I have led the
development of the Cellframe Technology, leveraging our expertise
in material science and bioengineering.  I believe that the power
of our regenerative approach has the potential to revolutionize the
treatment paradigm in areas of significant unmet medical need.
Given the extremely consistent and promising preclinical  data
obtained in our large animal model, we are now positioned to
accelerate toward the clinic.  I am excited to be leading our
clinical effort along with our continued preclinical development.
It is a privilege to be collaborating with world leading clinical
institutions and I look forward to continue working with the team
at Biostage to deliver on the promise of this groundbreaking
technology," stated Dr. La Francesca.

Dr. La Francesca received his medical degree from the University of
Palermo, completed his residency in cardiovascular surgery at the
University of Rome and his post-doctoral training with fellowships
at the Texas Heart Institute in Houston under the supervision of
pioneer surgeon Denton Cooley.  He also served as a
clinical/research fellow at McGill University in Montreal, and the
Baylor College of Medicine in Houston.  Dr. La Francesca holds UNOS
certifications as a heart transplant surgeon and a lung transplant
surgeon and is listed as co-inventor on a patent application
relating to stem cell therapy in transplantation.

                        About Biostage

Biostage, Inc., formerly Harvard Apparatus Regenerative Technology,
Inc., is a biotechnology company engaged in developing
bioengineered organ implants based on its Cellframe technology.  

Harvard Apparatus reported a net loss of $11.7 million for the year
ended Dec. 31, 2015, compared to a net loss of $11.06 million for
the year ended Dec. 31, 2014.

KPMG LLP, in Boston, Massachusetts, issued a "going concern"
qualification on the consolidated financial statements for the year
ended Dec. 31, 2015, citing that the Company has suffered recurring
losses from operations and will require additional financing to
fund future operations which raise substantial doubt about its
ability to continue as a going concern.


BON-TON STORES: Nasdaq Withdraws Deficiency Notice
--------------------------------------------------
The Bon-Ton Stores, Inc., announced that Nasdaq has withdrawn its
notification of potential delisting related to the minimum market
value of publicly held shares issued on March 9, 2017.  Following
discussions with the Company regarding publicly held shares
outstanding, Nasdaq determined that Bon-Ton meets the required
minimum market value of publicly held shares for continued listing
on the Nasdaq Global Select Market.

                    About The Bon-Ton Stores, Inc.

The Bon-Ton Stores, Inc., with corporate headquarters in York,
Pennsylvania and Milwaukee, Wisconsin, operates 263 stores, which
includes nine furniture galleries and four clearance centers, in 25
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.  The Bon-Ton Stores, Inc. is an active and
positive participant in the communities it serves. For further
information, please visit 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.


BOSTWICK LABORATORIES: Taps Donlin Recano as Administrative Agent
-----------------------------------------------------------------
Bostwick Laboratories, Inc. seeks approval from the U.S. Bankruptcy
Court for the District of Delaware to hire an administrative
agent.

The company proposes to hire Donlin, Recano & Company, Inc. to
provide these services:

     (a) assist in the solicitation, balloting, tabulation and
         calculation of votes, and in the preparation of reports
         required for confirmation of a plan of reorganization;

     (b) generate an official ballot certification and testify, if

         necessary, in support of the ballot tabulation results;

     (c) handle requests for documents in connection with the
         balloting services;

     (d) gather data and assist in the preparation of schedules of

         assets and liabilities of Bostwick Laboratories and its
         affiliates;

     (e) manage and coordinate any distributions pursuant to a
         confirmed plan of reorganization or otherwise.

The hourly rates charged by the firm are:

     Senior Bankruptcy Consultant          $175
     Case Manager                          $140
     Technology/Programming Consultant     $110
     Consultant/Analyst                     $90
     Clerical                               $45

Roland Tomforde, chief operating officer of Donlin, disclosed in a
court filing that his firm does not hold or represent any interest
adverse to the Debtors, their bankruptcy estates or their
creditors.

The firm can be reached through:

     Roland Tomforde
     Donlin, Recano & Company, Inc.
     6201 15th Avenue
     Brooklyn, New York 11219
     Tel: (212) 481-1411

                   About Bostwick Laboratories

Founded in 1999, Bostwick Laboratories, Inc., and Bostwick
Laboratories Holdings, Inc. -- http://www.bostwicklaboratories.com/
-- operate an independent, full-service anatomic pathology
laboratory and are a specialty provider of diagnostic testing
services for urologists and gynecologists in the U.S.  The Debtors
operate a reference laboratory offering a comprehensive suite of
anatomic pathology and molecular testing services to independent
physicians nationally.  

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

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

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

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

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

Bostwick Laboratories, Inc., and Bostwick Laboratories Holdings,
Inc. (Case No. 17-10572), based in Uniondale, NY, filed a Chapter
11 petition (Bankr. D. Del. Case No. 17-10570) on March 15, 2017.
The Hon. Brendan Linehan Shannon presides over the case. David B.
Stratton, Esq., Evelyn J. Meltzer, Esq., and John H. Schanne, II,
Esq., at Pepper Hamilton LLP, to serve as bankruptcy counsel. The
Debtors hire Donlin Recano & Company as claims and noticing agent.

In its petition, the Debtor estimated $1 million to $10 million in
assets and $50 million to $100 million in liabilities.  The
petition was signed by Tommy Hunt, CFO.

No trustee, examiner or official committee has been appointed.


BOSTWICK LABORATORIES: Taps Pepper Hamilton as Legal Counsel
------------------------------------------------------------
Bostwick Laboratories, Inc. seeks approval from the U.S. Bankruptcy
Court for the District of Delaware to hire legal counsel in
connection with its Chapter 11 case.

The Debtor proposes to hire Pepper Hamilton LLP to give legal
advice regarding its duties under the Bankruptcy Code, assist in
the sale of assets, prepare a bankruptcy plan, and provide other
legal services.

The hourly rates charged by the firm for the services of its
attorneys and paraprofessionals who will represent the Debtor are:

     David Stratton       Partner       $835
     Evelyn Meltzer       Partner       $555
     John Schanne, II     Associate     $475
     Susan Henry          Paralegal     $275
     Rebecca Hudson       Paralegal     $240

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

The firm can be reached through:

     David B. Stratton, Esq.
     Pepper Hamilton LLP
     Hercules Plaza, Suite 5100
     1313 Market Street
     P.O. Box 1709
     Wilmington, DE 19899-1709
     Phone: 302-777-6566/302-777-6500    
     Fax: 302-656-8865/302-421-8390  
     Email: strattond@pepperlaw.com

                   About Bostwick Laboratories

Founded in 1999, Bostwick Laboratories, Inc., and Bostwick
Laboratories Holdings, Inc. -- http://www.bostwicklaboratories.com/
-- operate an independent, full-service anatomic pathology
laboratory and are a specialty provider of diagnostic testing
services for urologists and gynecologists in the U.S.  The Debtors
operate a reference laboratory offering a comprehensive suite of
anatomic pathology and molecular testing services to independent
physicians nationally.  

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

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

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

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

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

Bostwick Laboratories, Inc., and Bostwick Laboratories Holdings,
Inc. (Case No. 17-10572), based in Uniondale, NY, filed a Chapter
11 petition (Bankr. D. Del. Case No. 17-10570) on March 15, 2017.
The Hon. Brendan Linehan Shannon presides over the case. David B.
Stratton, Esq., Evelyn J. Meltzer, Esq., and John H. Schanne, II,
Esq., at Pepper Hamilton LLP, to serve as bankruptcy counsel. The
Debtors hire Donlin Recano & Company as claims and noticing agent.

In its petition, the Debtor estimated $1 million to $10 million in
assets and $50 million to $100 million in liabilities.  The
petition was signed by Tommy Hunt, CFO.

No trustee, examiner or official committee has been appointed.


BPS US HOLDINGS: Gets Exclusivity to File Plan Thru May 29
----------------------------------------------------------
Judge Kevin Carey has extended BPS US Holdings Inc., et al.'s
exclusive period to file a Chapter 11 plan through May 29, 2017,
and their exclusive period to solicit acceptances of that plan
through July 27, 2017.

                 About Performance Sports

Exeter, N.H.-based Performance Sports Group Ltd. (NYSE: PSG) (TSX:
PSG) -- http://www.PerformanceSportsGroup.com/-- is a developer   
and manufacturer of ice hockey, roller hockey, lacrosse, baseball
and softball sports equipment, as well as related apparel and
soccer apparel. Its products are marketed under the BAUER, MISSION,
MAVERIK, CASCADE, INARIA, COMBAT and EASTON brand names and are
distributed by sales representatives and independent distributors
throughout the world. In addition, the Company distributes its
hockey products through its Burlington, Massachusetts and
Bloomington, Minnesota Own The Moment Hockey Experience retail
stores.

On Oct. 31, 2016, Performance Sports Group Ltd. and certain of its
affiliates have filed voluntary petitions under Chapter 11 of the
Bankruptcy Code in the District of Delaware and commenced
proceedings under the Companies' Creditors Arrangement Act in the
Ontario Superior Court of Justice.

The U.S. Debtors are: BPS US Holdings Inc.; Bauer Hockey, Inc.;
Easton Baseball/Softball Inc.; Bauer Hockey Retail Inc.; Bauer
Performance Sports Uniforms Inc.; Performance Lacrosse Group Inc.;
BPS Diamond Sports Inc.; and PSG Innovation Inc.

The Canadian Debtors are: Performance Sports Group Ltd.; KBAU
Holdings Canada, Inc.; Bauer Hockey Retail Corp.; Easton
Baseball/Softball Corp.; PSG Innovation Corp. Bauer Hockey Corp.;
BPS Canada Intermediate Corp.; BPS Diamond Sports Corp.; Bauer
Performance Sports Uniforms Corp.; and Performance Lacrosse Group
Corp.

The Debtors have hired Paul, Weiss, Rifkind, Wharton & Garrison LLP
as counsel; Young Conaway Stargatt & Taylor, LLP as co-counsel;
Stikeman Elliott LLP as Canadian legal counsel; Centerview LLP as
investment banker to the special committee; Alvarez & Marsal North
America, LLC, as restructuring advisor; Joele Frank, Wilkinson,
Brimmer, Katcher as communications & relations advisor; KPMG LLP as
auditors; Ernst & Young LLP as CCAA monitor; and Prime Clerk LLC as
notice, claims, solicitation and balloting agent.

Andrew R. Vara, Acting U.S. Trustee for Region 3, on Nov. 10
appointed three creditors of BPS US Holdings, Inc., parent of
Performance Sports, to serve on the official committee of unsecured
creditors. The Creditors' Committee retained by Blank Rome LLP as
counsel, Cassels Brock & Blackwell LLP as Canadian co-counsel, and
Province Inc. as financial advisor.

The U.S. Trustee appointed a committee of equity security holders.

The equity committee is represented by Natalie D. Ramsey, Esq., and
Mark A. Fink, Esq., at Montgomery, McCracken, Walker & Rhoads, LLP;
and Robert J. Stark, Esq., Steven B. Levine, Esq., James W. Stoll,
Esq., and Andrew M. Carty, Esq., at Brown Rudnick LLP.

                           *   *   *

As reported by the Troubled Company Reporter, effective as of
February 27, 2017, the Company consummated the sale of
substantially all of the assets of the Company and its North
American subsidiaries, including its European and global
operations, pursuant to an asset purchase agreement, dated as of
October 31, 2016, as amended, by and among the Sellers, 9938982
Canada Inc., an acquisition vehicle co-owned by affiliates of
Sagard Holdings Inc. and Fairfax Financial Holdings Limited, and
the designated purchasers party thereto, for a base purchase price
of US$575 million in aggregate, subject to certain adjustments, and
the assumption of related operating liabilities.

The transaction was the culmination of the process commenced by the
Sellers pursuant to creditor protection proceedings launched on
October 31, 2016 in the Ontario Superior Court of Justice under the
Companies' Creditors Arrangement Act, and in the U.S. Bankruptcy
Court for the District of Delaware under Chapter 11 of the
Bankruptcy Code, as amended.

The Company conducted a court-supervised sale and auction process
as part of its Canadian and U.S. court proceedings. The bid made by
the Purchaser served as the "stalking horse" bid for purposes of
the process and was ultimately determined to be the successful bid
in accordance with the related court approved bidding procedures.

In accordance with, and pursuant to, the terms and conditions of
the Agreement, the Company has changed its name to "Old PSG
Wind-down Ltd." from "Performance Sports Group Ltd." effective as
of March 20, 2017.


BRANDYWINE REALTY: Fitch to Withdraw BB Preferred Stock Rating
--------------------------------------------------------------
Fitch Ratings plans to withdraw Brandywine Realty Trust's ratings
on or about April 21, 2017 (approximately 30 days from the date of
this release) for commercial reasons.

Fitch currently rates Brandywine Realty Trust and its subsidiaries
as follows:

Brandywine Realty Trust
-- Issuer Default Rating (IDR) 'BBB-';
-- Preferred Stock 'BB'.

Brandywine Operating Partnership, L.P.
-- IDR 'BBB-';
-- Senior unsecured line of credit 'BBB-';
-- Senior unsecured term loans 'BBB-';
-- Senior unsecured notes 'BBB-'.

The Rating Outlook is Stable.

Fitch reserves the right at its sole discretion to withdraw or
maintain any rating at any time for any reason it deems sufficient.
Fitch believes investors benefit from increased rating coverage by
Fitch, and the agency is providing approximately 30 days' notice to
the market of the upcoming withdrawal of Brandywine Realty Trust's
ratings. Ratings are subject to analytical review and may change up
to the time Fitch withdraws the ratings.

Fitch's last rating action for the above referenced entities was on
Jan. 4, 2016. Fitch upgraded the IDR for Brandywine Realty Trust
and its operating partnership Brandywine Operating Partnership,
L.P. (collectively, Brandywine) to 'BBB-' from 'BB+' and assigned a
Stable Outlook.



BREVARD EYE: Seeks to Hire Aaronson Schantz as Legal Counsel
------------------------------------------------------------
Brevard Eye Center, Inc. and its affiliates filed separate
applications seeking court approval to hire legal counsel in
connection with their Chapter 11 cases.

In their applications filed with the U.S. Bankruptcy Court for the
Middle District of Florida, the Debtors proposed to hire Aaronson
Schantz Beiley P.A.

The services to be provided by the firm include advising the
Debtors regarding their duties under the Bankruptcy Code,
negotiating with creditors, assisting in the preparation of a plan
of reorganization, and providing other legal services.

Geoffrey Aaronson, Esq., at Aaronson Schantz, disclosed in a court
filing that he and his firm do not represent any interest adverse
to the Debtors or their bankruptcy estates.

The firm can be reached through:

     Geoffrey S Aaronson, Esq.
     Aaronson Schantz Beiley P.A.
     Bank of America Tower, 27th Floor
     100 Southeast 2nd Street  
     Miami, FL 33131
     Tel: (786) 594-3000
     Fax: (305) 675-3880
     Email: gaaronson@aspalaw.com

          -- and --

     Tamara D. McKeown, Esq.
     Aaronson Schantz Beiley P.A.
     Miami Tower, 27th Floor
     100 S.E. 2nd Street
     Miami, FL 33131
     Email: tmckeown@aspalaw.com

                  About Brevard Eye Center Inc.

Brevard Eye Center Inc., Brevard Surgery Center Inc., Medical City
Eye Center, P.A. and THMIH, Inc. sought protection under Chapter 11
of the Bankruptcy Code (Bankr. M.D. Fla. Case Nos. 17-01828 to
17-01831) on March 21, 2017.  The petitions were signed by Dr.
Rafael Trespalacios, president.  

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

Medical City Eye Center has been serving East Central Florida as
The Brevard Eye Center for over 28 years and serving Downtown
Orlando as Yager Eye Institute for over 50 years.  The convenience
of six locations placed throughout East Central Florida with
extended hours along with Saturday appointments, offers its
patients easy accessibility.


BREWER CONSTRUCTION: Plan Filing Period Extended Thru April 11
--------------------------------------------------------------
Judge Jason Woodward has granted Brewer Construction of
Mississippi, Inc.'s request, extending the Debtor's exclusive
period by which it may file a Chapter 11 Plan through April 11,
2017.

As previously reported by The Troubled Company Reporter, the Debtor
said it still has multiple issues that must be resolved before
finalizing a plan and disclosure statement, including but not
limited to the litigation of tax liability with the Mississippi
Department of Revenue. The Debtor's counsel has been engaged in
discussions with counsel for the MDOR regarding potential
settlement of the litigation without extensive litigation.

           About Brewer Construction of Mississippi, Inc.

Brewer Construction of Mississippi, Inc., filed a Chapter 11
petition (Bankr. N.D. Miss. Case No. 16-12771) on August 14, 2016.

The Petition was signed by Frank W. Brewer, Sr., President.  The
Debtor is represented by Robert Gambrell, Esq. at Gambrell &
Associates, PLLC.  At the time of filing, the Debtor had less than
$50,000 in estimated assets and $500,000 to $1 million in
estimated
liabilities.


BRIDGESTREAM MANAGEMENT: Taps W. Derek May as Legal Counsel
-----------------------------------------------------------
Bridgestream Management LLC seeks approval from the U.S. Bankruptcy
Court for the Central District of California to hire legal counsel
in connection with its Chapter 11 case.

The Debtor proposes to hire the Law Office of W. Derek May to give
legal advice regarding its duties under the Bankruptcy Code,
conduct examinations of witnesses, review claims, negotiate with
creditors, assist in the preparation of a bankruptcy plan, and
provide other legal services.

The firm will charge an hourly rate of $250 for its services.

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

The firm can be reached through:

     W. Derek May, Esq.
     Law Office of W. Derek May
     400 N. Mountain Ave., Suite 215B
     Upland, CA 91786
     Phone: (909) 920-0443
     Fax: (909) 912-8114
     Email: wdmlaw17@gmail.com

                 About Bridgestream Management

Bridgestream Management LLC owns the commercial real property
building located at 3218 East Holt Ave., in West Covina,
California.  The property is valued at $2.1 million in the Debtor's
schedules.  Lucy Gao has a 100% member interest in the Debtor.

The Debtor sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. C.D. Calif. Case No. 17-12631) on March 6, 2017.  The
petition was signed by Lucy Gao, manager.  The case is assigned to
Judge Julia W. Brand.

At the time of the filing, the Debtor disclosed $2.1 million in
assets and $1.6 million in liabilities.


BRITISH MOTORCARS: Case Summary & 20 Largest Unsecured Creditors
----------------------------------------------------------------
Debtor: British Motorcars Ventura, Inc.
           DBA Land Rover Jaguar Ventura
        3190 Perkin Avenue
        Ventura, CA 93003

Case No.: 17-10489

About the Debtor: British Motorcars Ventura, Inc. --
                      http://landroverjaguarventura.com-- is a
                      small organization in the new and used car
                      dealers industry located in Ventura, CA.  It
                      opened its doors in 2010 and now has an
                      estimated $2.7 million in yearly revenue and
                      approximately 12 employees.

Chapter 11 Petition Date: March 22, 2017

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

Judge: Hon. Peter Carroll

Debtor's Counsel: Martin J Brill, Esq.
                  LEVENE, NEALE, BENDER, YOO & BRILL LLP
                  10250 Constellation Blvd Ste 1700
                  Los Angeles, CA 90067
                  Tel: 310-229-1234
                  Fax: 310-229-1244
                  E-mail: mjb@lnbrb.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Philip D. Vass, president.

A copy of the Debtor's list of 20 largest unsecured creditors is
available for free at http://bankrupt.com/misc/cacb17-10489.pdf


BROADWAY EQUITY: Seeks to Hire Robinson Brog as Legal Counsel
-------------------------------------------------------------
Broadway Equity Holdings LLC seeks approval from the U.S.
Bankruptcy Court for the Southern District of New York to hire
legal counsel in connection with its Chapter 11 case.

The Debtor proposes to hire Robinson Brog Leinwand Greene Genovese
& Gluck P.C. to give legal advice regarding its duties under the
Bankruptcy Code, negotiate with creditors, prepare a plan of
reorganization, and provide other legal services.

The hourly rates charged by the firm range from $400 to $665 for
the services of its shareholders, $250 to $465 for associates, and
$175 to $300 for paralegals.

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

The firm can be reached through:

     A. Mitchell Greene, Esq.
     Fred B. Ringel, Esq.
     Robinson Brog Leinwand Greene Genovese & Gluck P.C.
     875 Third Avenue
     New York, NY 10022
     Tel: (212) 603-6300
     Fax: (212) 956-2164
     Email: amg@robinsonbrog.com

                 About Broadway Equity Holdings

Based in Brooklyn, New York, Broadway Equity Holdings LLC operates
as a holding company with ownership interests in a note and
mortgage against a real property located in Haverstraw, New York; a
life insurance policy; and a limited liability company which in
turn owns property located in Brooklyn, New York.

The Debtor sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. S.D.N.Y. Case No. 17-22242) on February 17, 2017.  The
petition was signed by Judy Minster, managing member.  The case is
assigned to Judge Robert D. Drain.

At the time of the filing, the Debtor disclosed $6.27 million in
assets and $3.07 million in liabilities.


BROCADE COMMUNICATIONS: Moody's Confirms Ba1 Corp. Family Rating
----------------------------------------------------------------
Moody's Investors Service confirmed Brocade Communications Systems,
Inc.'s credit ratings including its Ba1 Corporate Family Rating.
Moody's affirmed the SGL-1 Speculative Grade Liquidity rating. The
confirmation reflects Moody's assumption that the sale to Broadcom
Ltd. (ultimate parent of Broadcom Cayman Finance Ltd., Baa2,
stable) will close in early to mid-summer 2017. Although Broadcom
has not disclosed its plans for Brocade's capital structure,
Moody's believes it is likely that Brocade's existing rated debt
will be repaid at, or shortly after closing. This concludes Moody's
reviews for downgrade initiated on November 3, 2016 after Brocade's
sale to Broadcom was announced. The ratings outlook is stable.

RATINGS RATIONALE

The Ba1 rating reflects Brocade's leadership position within the
storage area networking (SAN) market, its strong niche position in
the data (Ethernet or IP) networking market and expectation that
the company will be acquired by Broadcom Ltd. Although Brocade's
organic performance weakened significantly in the quarter ended
January 28, 2017, the deterioration likely reflects uncertainty
surrounding the sale of the business to Broadcom.

The ratings could face upward pressure if the sale to Broadcom
closes and Broadcom guarantees Brocade's debt. The ratings could
face downward pressure if the sale does not go through and
Brocade's performance continues to deteriorate. If Brocade's debt
is put back to the company or otherwise repaid in full in
connection with the closing, Brocade's ratings will be withdrawn.

Brocade's liquidity is very good based on $1.2 billion of cash on
hand as of January 28, 2017, an undrawn $100 million revolver and
the expectation of positive free cash flow over the next 12-18
months.

Outlook Actions:

Issuer: Brocade Communications Systems, Inc.

-- Outlook, Changed To Stable From Rating Under Review

Confirmations:

Issuer: Brocade Communications Systems, Inc.

-- Probability of Default Rating, Confirmed at Ba1-PD

-- Corporate Family Rating, Confirmed at Ba1

-- Senior Unsecured Conv./Exch. Bond/Debenture, Confirmed at Ba1
    (LGD4)

-- Senior Unsecured Regular Bond/Debenture, Confirmed at Ba1
    (LGD4)

Affirmations:

Issuer: Brocade Communications Systems, Inc.

-- Speculative Grade Liquidity Rating, Affirmed SGL-1

The principal methodology used in these ratings was Diversified
Technology Rating Methodology published in December 2015.

Brocade Communications Systems, Inc. ("Brocade") is a leading
producer of storage area network ("SAN") equipment and a niche
provider of data network equipment. Brocade generated revenues of
$2.3 billion in FY 2016.


CANZONE PLASTER: Taps DelBello Donnellan as Legal Counsel
---------------------------------------------------------
Canzone Plaster and Tile, Inc. seeks approval from the U.S.
Bankruptcy Court for the Southern District of New York to hire
legal counsel in connection with its Chapter 11 case.

The Debtor proposes to hire DelBello Donnellan Weingarten Wise &
Wiederkehr, LLP to give legal advice regarding its duties under the
Bankruptcy Code, negotiate with creditors, prepare a bankruptcy
plan, give advice on any potential sale of its business, and
provide other legal services.

The hourly rates charged by the firm for the services of its
attorneys range from $375 to $620.  Law clerks and
paraprofessionals charge $200 per hour and $150 per hour,
respectively.

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

The firm can be reached through:

     Jonathan S. Pasternak, Esq.
     Dawn Kirby, Esq.
     DelBello Donnellan Weingarten
     Wise & Wiederkehr, LLP
     One North Lexington Avenue
     White Plains, NY 10601
     Phone: (914) 681-0200
     Fax: (914) 684-0288
     Email: jpasternak@ddw-law.com

                 About Canzone Plaster and Tile

Canzone Plaster and Tile, Inc. is a privately-held company in Mount
Vernon, New York that sells and manufactures ceramic tiles.

The Debtor sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. S.D.N.Y. Case No. 17-22417) on March 20, 2017.  The
petition was signed by Frank Canzone, chief executive officer.  The
case is assigned to Judge Robert D. Drain.

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

The deadline for the Debtor to file its Chapter 11 plan and
disclosure statement is July 18, 2017.  The Debtor has until April
19, 2017, to hold an initial case conference.


CASTLE SERVICE: Court Dismisses Chapter 11 Bankruptcy Case
----------------------------------------------------------
The Hon. Kevin R. Anderson of the U.S. Bankruptcy Court for the
District of Utah has dismissed Castle Service, LLC's Chapter 11
bankruptcy case.

ZB, N.A., doing business as Zions Bank, sought on Jan. 9, 2017, the
dismissal of the case, accusing the Debtor of unauthorized use of
cash collateral, gross mismanagement, ongoing diminution of the
estate, and insufficient and inaccurate operating reports.

On May 30, 2001, the Debtor executed a note in the principal amount
of $515,000, whereby the Debtor promised to repay a loan from Zions
Bank.  As of Dec. 31, 2016, the loan payoff was approximately
$345,000.  In conjunction with the Note, on May 30, 2001, Michael
K. Hurdsman and Judy Hurdsman executed a guarantee, whereby they
unconditionally guaranteed repayment of the Note.  To secure the
Note and their guarantee obligations, the Hurdsmans pledged a Trust
Deed in favor of Zions Bank on real property commonly known as 65
South Main, Huntington, Utah 84528.  The Debtor has been in default
under the Note (for missed payments, among other reasons), since at
least Jan. 12, 2015.

As reported by the Troubled Company Reporter on Nov. 21, 2016, the
Court denied Zions Bank's motion for relief from stay imposed in
the Chapter 11 case.

On Feb. 27, 2017, the Debtor sought the Court's permission to use
funds alleged as cash collateral and to provide adequate protection
to Zions Bank.  The Debtor wanted to use the cash collateral until
June 29, 2017, to fund overhead, business operations and
restructuring costs.  The Debtor proposed that Zions Bank be: (i)
granted a continuing, perfected, replacement lien consisting of a
first priority lien in post-petition rents, inventory, accounts,
general intangibles, property acquired
postpetition, and proceeds therefrom; (ii) paid $2,500 per month;
and (iii) granted a superpriority administrative claim against the
Debtor’s estate senior to all other administrative expenses.

On March 7, 2017, Zions Bank objection to the cash collateral use,
saying, "Zions does not take issue with the Debtor's suggestion
that a payment of $2,500 per month will adequately protect Zions
against the ongoing accrual of interest in the case, though Zions
does not concede that it is adequately protected for all
purposes."

On at least four occasions (July 20, 2016, Aug. 2, 2016, Sept. 21,
2016, and Nov. 22, 2016), Zions Bank made written request that the
Debtor account for Zions Bank's cash collateral.  In addition to
its written requests, Zions Bank has raised the issue of cash
collateral compliance and adequate protection payments in open
court on at least two occasions, most recently on Nov. 29, 2016.
Despite these requests, the Debtor has not offered to make any
adequate protection payments to Zions Bank, or otherwise comply
with the cash collateral requirements.

The Debtor failed to file any monthly operating reports in the case
from Aug. 15, 2016, until Nov. 28, 2016, on which day four reports
were filed for July, August, September, and October 2016.  The
Debtor has not filed a report for November 2016.  None of the
reports appear to be accurate, nor can they be reconciled with one
another.  

The Debtor has not filed a plan in the case, despite the passage of
nearly six months from the commencement of the case on July 19,
2016.  

Upon information and belief, the Debtor is allowing a related party
to operate a for-profit storage facility on the Real Property
without collecting any rent from the operator (in other words, the
lessees are paying rent to the operator, but the operator is not
paying rent to the estate).

The Debtor has been in default on its loan to Zions Bank since at
least January 2015, and since that time, no bona fide offers to
refinance or purchase the Real Property have materialized, despite
the Debtor's belief that there is substantial equity in the Real
Property beyond amounts owed to Zions Bank.

Zions Bank is represented by:

         T. Edward Cundick, Esq.
         PRINCE, YEATES & GELDZAHLER
         A Professional Corporation
         15 W. South Temple, Suite 1700
         Salt Lake City, Utah 84101
         Tel: (801) 524-1000
         Fax: (801) 524-1098
         E-mail: tec@princeyeates.com

                            About Castle Service

Castle Service, LLC, filed a Chapter 11 bankruptcy petition (Bankr.
D. Utah Case No. 16-26302) on July 19, 2016.  The Debtor is
represented by Andres Diaz, Esq., of Red Rock Legal Services PLLC.


CCC INFORMATION: S&P Affirms 'B' CCR & Revises Outlook to Negative
------------------------------------------------------------------
S&P Global Ratings said it affirmed its 'B' corporate credit rating
on Chicago-based CCC Information Services Inc.  The outlook is
negative.

Private equity firm Advent International Corp. has agreed to
acquire CCC Information for an undisclosed sum.  The acquisition
will be partially funded with an approximate $1.03 billion
first-lien credit facility consisting of a $100 million revolver
due in 2022 and a $925 million term loan B due in 2024, and a $375
million second-lien term loan due in 2025.  S&P expects
$30 million will be drawn under the revolving credit facility at
transaction close.

S&P also assigned its 'B+' issue-level rating and '2' recovery
rating to the company's $1.03 billion first-lien credit facility,
consisting of a $100 million revolver due in 2022 and a
$925 million first-lien term loan B due in 2024.  The '2' recovery
rating indicates S&P's expectation of substantial (70%-90%; rounded
estimate: 70%) recovery in the event of default.  In addition, S&P
assigned its 'CCC+' issue-level rating and '6' recovery rating to
the company's $375 million second-lien term loan due in 2025.  The
'6' recovery rating indicates S&P's expectation of negligible
(0%-10%; rounded estimate: 0%) recovery in the event of a payment
default.

"The negative outlook reflects the company's aggressive financial
policy due to the acquisition, with pro forma trailing-12-month
leverage of mid-9x, up substantially from the low-5x area at
Dec. 31, 2016," said S&P Global Ratings credit analyst Andrew Yee.


Despite the high initial leverage, we expect double-digit organic
revenue growth, EBITDA margin expansion, and for FOCF to be used
for debt repayment, such that leverage could decline to the mid-7x
area over the next 12 months.

The ratings on CCC reflect the company's relatively narrow product
focus within the highly competitive and mature U.S. auto claims
software market and its tolerance for high debt leverage.  Its No.
1 market position in the auto claims business and its high
recurring revenue base offset these risks.

The negative outlook reflects the company's aggressive financial
policy, with trailing-12-month leverage of mid-9x.  S&P expects
double-digit organic revenue growth, EBITDA margin expansion, and
for FOCF to be used for debt repayment, such that leverage could
decline to the low- to mid-7x area over the next 12 months.



CEFA POOL 2007: Moody's Alters Outlook on Bonds to Negative
-----------------------------------------------------------
Moody's Investors Service has revised the outlook on the California
Educational Facilities Authority, College and University Financing
Program, Series 2007 (CEFA Pool 2007) bonds to negative from
stable, following the redemption of bonds by California College of
the Arts. Beginning March 1, 2017, Dominican University of
California is the only remaining pool participant.

The affirmation of the Ba1 rating reflects the credit quality of
Dominican University of California (Ba1 negative outlook) with 100%
of outstanding pool debt.

The Ba1 rating for the Series 2007 CEFA Pool Revenue Bonds is based
on the "Weak Link Plus" rating approach for pool financings. This
approach emphasizes the probability of default by the weakest
participant in the unenhanced pool. CEFA's pooled financing is
unenhanced, with each institution responsible only for its portion
of total debt service.

Rating Outlook

The negative outlook on the CEFA Pool 2007 reflects the negative
outlook on Dominican University of California, the sole pool
participant.

Factors that Could Lead to an Upgrade

Upgrade of Dominican University of California

Factors that Could Lead to a Downgrade

Downgrade of Dominican University of California

Legal Security

The bonds are secured by several, not joint, obligations of each
borrower with respect to its own bonds. Borrowing institutions have
obligations to the pool for only their own pro rata share of the
total debt service and are not responsible for the default of other
borrowers. The debt service reserve fund is comprised of separate
portions of the debt service reserve fund covering each
participant, with no joint reserve fund. The bonds are secured
equally and ratably by the base loan payments made by each
borrowing institution.

Additionally, each borrower has a lien on certain property and a
gross revenue pledge. There is no credit support at the pool level,
such as over-collateralization or a shared reserve fund.

Use of Proceeds. Not applicable

Obligor Profile

Dominican University of California is a small private university
located 12 miles north of San Francisco in San Rafael, Marin
County. Approximately 75% of the university's 1,770 FTE students
are undergraduate. The university's operations are also relatively
small with just $55 million of total operating revenue in FY 2016.

Methodology

The principal methodology used in this rating was Global Higher
Education published in November 2015. An additional methodology
used was Public Sector Pool Financings published in July 2012.


CHINA FISHERY: Seeks to Hire Weil Gotshal as Lead Counsel
---------------------------------------------------------
China Fishery Group Limited (Cayman) seeks approval from the U.S.
Bankruptcy Court for the Southern District of New York to hire
Weil, Gotshal & Manges LLP.

The firm will serve as lead bankruptcy counsel for China Fishery
and its affiliates other than CFG Peru Investments Pte. Limited
(Singapore).

Meyer, Suozzi, English & Klein, P.C., the law firm initially hired
by the Debtors as legal counsel, will no longer represent them in
connection with their Chapter 11 cases.  

The services to be provided by Weil Gotshal include assisting the
Debtors in connection with any bankruptcy plan, and taking legal
actions to protect their estates.

The hourly rates charged by the firm range from $950 to $1,400 for
members and counsel, $510 to $930 for associates, and $220 to $375
for paraprofessionals.

Matthew Barr, Esq., a member of Weil Gotshal, disclosed in a court
filing that his firm is "disinterested" as defined in section
101(14) of the Bankruptcy Code.

The firm can be reached through:

     Matthew S. Barr, Esq.
     Marcia Goldstein, Esq.
    Gabriel A. Morgan, Esq.
     Weil, Gotshal & Manges LLP
     767 Fifth Avenue
     New York, NY 10153
     Tel: (212) 310-8000
     Fax: (212) 310-8007

                     About China Fishery Group

China Fishery Group Limited (Cayman) and its affiliates sought
protection under Chapter 11 of the Bankruptcy Code (Bankr.
S.D.N.Y. Lead Case No. 16-11895) on June 30, 2016. The petition was
signed by Ng Puay Yee, chief executive officer.

The cases are assigned to Judge James L. Garrity Jr.

At the time of the filing, China Fishery Group estimated its assets
at $500 million to $1 billion and debts at $10 million to $50
million.

Howard B. Kleinberg, Esq., Edward J. LoBello, Esq. and Jil
Mazer-Marino, Esq. of Meyer, Suozzi, English & Klein, P.C. serve
as legal counsel. The Debtors have tapped Goldin Associates, LLC,
as financial advisor and RSR Consulting LLC as restructuring
consultant.

On November 10, 2016, William Brandt, Jr. was appointed as
Chapter 11 trustee for CFG Peru Investments Pte. Limited
(Singapore), one of the Debtors.  Skadden, Arps, Slate, Meagher &
Flom LLP serves as the trustee's bankruptcy counsel.


CHINA LINEN: US Shareholders Form Group to Recover Investor Funds
-----------------------------------------------------------------
China Linen Textile Industry, Ltd, is a Cayman Islands corporation
involved in the production and sale of linen yarn and various types
of linen fabric and in the consultation, research and development
related to linen technology and linen products.  CTXIF was
de-listed from the NASDAQ in June 2012 after it stopped reporting
to the Securities & Exchange Commission ("SEC").

Certain shareholders have spoken with Robert W. Seiden, Esq. in New
York to represent a group of shareholders to enforce the rights of
the U.S. shareholders for acts detrimental to the investors
including failure to report to the SEC in order to get a possible
return of capital to the investors.

If you are a current shareholder of CTXIF and interested in
information to consider joining in the case, please email Nathaniel
Francis at the email: nfrancis@csilegal.com or call 212.626.6709 by
April 4, 2017.  You can also register on the website
http://www.confidentialglobal.com/under "Join Receivership Case".



CHOBANI GLOBAL: S&P Affirms 'B' CCR & Revises Outlook to Negative
-----------------------------------------------------------------
S&P Global Ratings said that it revised to negative from stable its
outlook on Chobani Global Holdings LLC.  S&P also affirmed its 'B'
corporate credit rating on the Norwich, New York-based company.

At the same time, S&P lowered its issue level rating on Chobani's
senior secured facilities to 'B' from 'B+' with a revised recovery
rating of '3' (from '2'), reflecting S&P's expectation for a
meaningful (50%-70%; rounded estimate 65%) recovery in the event of
payment default.  S&P also is assigning a 'CCC+' issue level rating
to the company's proposed $530 million senior unsecured notes
maturing in 2025 with a recovery rating of '6' reflecting S&P's
expectation of a negligible (0% - 10%; rounded estimate 0%)
recovery in the event of payment default.  S&P will withdraw the
ratings on the company's existing second-lien term loan following
the close of this transaction.

At the close of the transaction, S&P estimates the company will
have approximately $1.4 billion in adjusted debt.

The outlook revision to negative reflects higher-than-expected
leverage through 2017 following lower-than-expected adjusted EBITDA
growth in 2016 in part due to one-time costs as well as a revision
of S&P's 2017 forecast to assume a lower growth rate than our
previous forecast.  S&P had originally anticipated 72% adj. EBITDA
growth for 2016 with similar rates continuing into 2017. However,
2016 adj. EBITDA only grew 63% partly because of one-time costs and
because one of the company's recent product launches did not
perform as expected, which S&P believes will cause credit ratios to
remain weaker then it initially anticipated.  While S&P expects
continued earnings growth in 2017 as the company invests in product
categories that have resonated well with consumers (such as its
Flip snacks and yogurt-based drinks) and cuts back on marketing in
the product launches that did not work, S&P also anticipates about
a 20% rise in the cost of milk in 2017. Moreover, S&P's revised
forecasts project negligible free operating cash flow (FOCF) next
year compared with its previous forecast for higher cash flows in
part because of more cash interest related to this financing
transaction.  While the current leverage-neutral refinancing
transaction is positive for the company's overall cost of capital
given the elimination of the expensive second-lien term loan (5%
cash interest and 8% PIK component) along with its financial
covenants, material reduction of leverage from continued sales and
earnings growth is a significant factor underpinning the 'B' rating
on Chobani, and this has been delayed by at least a year as a
combination of still high cash interest expense, ongoing high
levels of capital expenditures (capex), and lower (albeit still
positive) EBITDA growth will preclude material debt and leverage
reduction until 2018, in S&P's view.

Chobani launched a line of dips as well as yogurt-based drinks in
mid-2016 that the company expected to be growth drivers alongside
the expansion and continued performance of its low-calorie Simply,
core single, multi-serve, and Flip yogurt products.  While the Flip
products have continued to perform very well, the company will be
discontinuing its dip and Simply products as they did not meet
expectations.  The underperformance coupled with one-time costs of
these products partly caused lower-than-expected adjusted EBITDA in
fiscal 2016 and a revised top-line growth forecast of 6% for 2017
compared to S&P's original estimates of around 17%.  In addition,
milk prices are expected to increase by approximately 20% in 2017,
exerting some pressure on margins, the effects of which should be
partially offset by lower marketing expenses related to
discontinuation of dip products as well as other expected cost
savings and productivity gains.  Lower top-line growth and margins
should limit the company's FOCF in 2017 as it continues to see high
levels of capex related to the buildout of its drinkable yogurt
products, which is expected to be a growth area for the company and
contribute more significantly in 2018.

The refinancing transaction will primarily allow the company to pay
down its existing second-lien term loan, which carries with it a
13% annual interest rate (8% of which is PIK) and financial
covenants.  While S&P views the lower interest and covenant-light
capital structure as long-term positives for the company, S&P
expects EBITDA interest coverage to remain slightly below 2.0x
through 2017.  The company continues to have success with its core
products, which have been a stabilizing force as it searches for
future growth drivers that can mimic the success of the Flip line;
however, the company remains highly leveraged.  While S&P expects
Chobani to become FOCF positive in 2018 as growth-focused capital
spending declines and the company begins to utilize some of that
cash to reduce debt, the revised growth expectations will delay the
company's ability to grow into a highly leveraged capital structure
as quickly as originally anticipated.

S&P's base-case forecast for Chobani is based on these
assumptions:

   -- Mid-single-digit revenue growth in 2017 above S&P's 2.4%
      U.S. GDP growth forecast.  This is primarily due to the mid-
      single-digit volume growth of the company's core single and
      multi-serve products and growth in its Flip products.  S&P
      expects low-double-digit growth in 2018 as the company
      continues to expand its drinkable yogurt segments and
      further penetrates the market with broader drink offerings
      and flavors.

   -- EBITDA margins expand slightly but remain in the mid-teens
      as higher milk prices are partially offset by productivity
      gains and scale-driven margin benefits.

   -- Slight working capital cash outflows of $15 million-
      $20 million in 2017 and 2018, primarily from growing working

      capital levels driven by higher sales volumes and pricing.

   -- Total capex of around $90 $70 million in 2017 and 2018,
      respectively, including outlays to add further capacity for
      drink products.

   -- FOCF to be negligible in 2017 primarily due to still-high
      capital spending but will trend positive in 2018 as the
      company benefits from scale and growth capital spending
      declines.

   -- No acquisitions or dividends are expected.

Based on the above assumptions, S&P projects 2017 debt to EBITDA to
moderately improve closer to 7.5x or lower compared with S&P's pro
forma 2016 estimate of around 8x.  S&P also projects adjusted
EBITDA interest coverage will be around 1.9x for 2017 compared with
our 0.9x pro forma 2016 estimates.

Chobani is a leading manufacturer of Greek yogurt in the U.S. and
sells its core Flip, multi-serve, kids, dips, and drinkable Greek
yogurt products through major retail customers such as Wal-Mart
(largest customer with 15% of sales), Target, Kroger, Safeway,
Costco, and Sam's Club.  Sales are primarily in the U.S., with
immaterial sales in Mexico and Australia.  Chobani Greek yogurt is
positioned as high-protein, in a saturated and highly competitive
yogurt category that is highly promotional.  The U.S. Greek yogurt
market is about $3.7 billion of the total U.S. yogurt market of $7
billion.  Chobani has the No. 1 share of the U.S. Greek market,
followed by Danone and Fage.  S&P believes the category is
sensitive to potential shifts that could cause disruption the way
Chobani and Greek yogurt did in the early 2000s.  The company tried
to mitigate this risk by introducing lines of dips and drinks in
summer 2016, and while their dip products will be discontinued, the
drinkable yogurt products have performed well and we expect this to
be a possible future growth driver.  A rise in milk costs, similar
to 2013-2014, could also harm profitability because milk makes up
approximately 20% of cost of goods sold. However, the previous
spike in milk was unprecedented, and S&P do not expect this to
occur over its projection timeline.  Moreover, ongoing cost
synergies coupled with more effective marketing spending should
partially offset margin pressure from higher milk costs.

The company's senior management team also continues to evolve in a
largely favorable manner, in S&P's opinion.  Prior COO Kevin Burns
departed in late 2016.  His contribution to improving
underperforming plant operations helped the company overcome some
of the operational missteps made during its buildup of its Twin
Falls, Idaho plant.  The company has recently announced the
addition of Tim Brown, most recently chief executive of Nestle
Waters North America, who brings with him more than 30 years of
experience in the packaged food industry, largely in sales and
marketing.  S&P believes his experience could help Chobani through
the next phase of growth as a branded food company now that it has
stabilized its operations and is emphasizing brand building and
innovation.

The negative outlook reflects S&P's expectation for credit metrics
in fiscal 2017 to remain weaker than its initial expectations and
not rebound until 2018 when free cash flow is projected to turn
materially positive once growth capex abates, permitting more
aggressive debt reduction.  Based on S&P's revised projections it
expects the company's debt to EBITDA to be around 7.5x in 2017
compared to S&P's original expectations of below 7x.  The company's
refinancing transaction and repayment of its 13% second-lien term
loan will reduce overall interest expense; however, S&P expects
EBITDA interest coverage to be around 2.0x in 2017, and for FOCF to
be negligible.  S&P could downgrade the company if the leverage
does not approach 7x over the next year.

S&P could revise its outlook to stable if the company grows sales
and EBITDA as expected and demonstrates progress toward lowering
its debt to EBITDA closer to 7x into the beginning of 2018.  For
this to occur, S&P believes sales will have to grow by 6.5% while
EBITDA margins improve by 150 basis points (bps) over the next year
while also becoming FOCF positive in 2018 once growth capex
declines resulting in a better debt repayment outlook.


CHOBANI INC: Moody's Affirms B3 Corporate Family Rating
-------------------------------------------------------
Moody's Investors Service, Inc. affirmed the B3 Corporate Family
Rating of Chobani Inc. and revised the outlook to positive from
stable following today's launch of proposed transactions to
refinance its $643 million second lien loan under more favorable
terms. The transactions are expected to close in the second quarter
of 2017.

The positive outlook reflects the improved liquidity that would
result from the planned retirement of the second lien term loan,
which bears a high 13% interest rate (5% cash, 8% PIK) and contains
a quarterly escalating minimum EBITDA covenant that has become
increasingly difficult for the company to meet. Relief from this
covenant will allow Chobani to focus on sustainable earnings
growth, and eliminate PIK interest that contributes to a growing
debt balance. The positive outlook assumes that the proposed
refinancing, which includes the issuance of new secured and
unsecured debt, is consummated successfully under the proposed
terms and time frame.

Over the next several weeks, Chobani plans to expand its existing
$650 million first-lien term by $175 million and issue $530 million
of senior unsecured notes. The proceeds will be used to pay down
the $643 million second-lien loan along with a $26 million call
premium, and to pay other transaction fees. The transaction will
cause financial leverage to increase slightly. Moody's adjusted
debt/EBITDA will be approximately 7.8x at closing, compared to 7.4x
at year end 2016.

The proposed debt capital structure has a lower probability of
default and a lower recovery rate than the existing all-secured
debt capital structure, reflecting the proposed replacement of a
portion of the second-lien secured debt with senior unsecured debt.
As a result, Moody's has upgraded the Probability of Default Rating
to B3-PD from Caa1-PD. At same time, the ratings on the Chobani's
existing $150 million revolving credit facility and $650 million
first lien term loan (to be upsized to $825 million) have been
lowered to B1 from Ba3. Chobani's existing $643 million second lien
term loan is not rated by Moody's. The proposed senior unsecured
notes offering has not yet been launched.

Rating actions:

Chobani Global Holdings, LLC:

Corporate Family Rating affirmed at B3

Probably of Default Rating upgraded to B3-PD from Caa1-PD

Chobani, LLC:

$150 million senior secured first-lien revolving
credit facility expiring 2021 downgraded to B1 (LGD 3)
from Ba3 (LGD 2);

$650 million (to be upsized to $825 million) senior
secured first-lien term loan due 2023 downgraded to B1
(LGD 3) from Ba3 (LGD 2);

Outlooks, revised to positive from stable.

RATING RATIONALE

The B3 Corporate Family Rating reflects Chobani's high financial
leverage, significant exposure to milk input price volatility, and
its high concentration in the U.S. Greek yogurt category that
recently has experienced sales declines and increasing competitive
activity. The rating also reflects high execution risk in Chobani's
rapid pace of new product expansion, which is a key component of
its plan for earnings growth and financial deleveraging. Heavy
growth capital expenditures has generated negative free cash flow
in the past; however, the company expects that related earnings
growth will produce positive free cash flow in 2017 and thereafter.
The rating is supported by strong equity value of the Chobani brand
that holds a leading position in the $4.5 billion U.S. Greek yogurt
category.

Ratings could be upgraded if Chobani successfully grows its
business, improves its liquidity profile, sustains debt/EBITDA
below 7.0x, and is likely to generate sustained positive free cash
flow.

Ratings could be downgraded if Chobani is unable to sustain a
steady pace of EBITDA growth that provides for continued
deleveraging or if the company is unable to generate positive free
cash flow.

Chobani Global Holdings, LLC, based in Norwich, New York, is a
manufacturer of Greek-style yogurt under the Chobani and Chobani
"Flip" brands. Domestic sales approximate $1 billion. The company
is majority owned by its CEO and founder Hamdi Ulukaya.

The principal methodology used in these ratings was Global Packaged
Goods published in January 2017.


COMSCORE INC: Receives Additional Nasdaq Notice on Delayed 10-K
---------------------------------------------------------------
comScore, Inc. (OTC: SCOR) on March 16, 2017, disclosed that, as
expected, it received an additional Staff Determination letter from
the Nasdaq Listing Qualifications Department staff (the "Staff"),
stating that because the Company had not filed its Annual Report on
Form 10-K for the fiscal year ended December 31, 2016 (the "2016
Form 10-K"), that such delinquency serves as an additional
non-compliance event of Nasdaq's listing rules, specifically Rule
5250(c)(1).

As previously disclosed, the Company has not been in compliance
with Nasdaq Listing Rule 5250(c)(1) since March 2016, which
requires listed companies to timely file all required periodic
financial reports with the Securities and Exchange Commission (the
"SEC").  The Company is also not in compliance with Nasdaq Listing
Rule 5620(a), which required the Company to hold an annual meeting
of stockholders for fiscal year 2015 by no later than December 31,
2016.  On October 25, 2016, the Nasdaq Hearings Panel (the "Panel")
determined to provide the Company with conditional listing on The
Nasdaq Global Select Market until February 23, 2017 so as to grant
the Company additional time to complete its financial restatement
and regain compliance with Nasdaq's listing requirements.  Despite
considerable efforts by the Company to regain compliance with all
Nasdaq continued listing standards, the Company informed the Panel
on February 2, 2017 of its determination that it would be unable to
satisfy the February 23, 2017 deadline.  The Panel suspended
trading in the Company's common stock on Nasdaq on February 8,
2017.

Although the Company has appealed the Panel's decision to the
Nasdaq Listing and Hearing Review Council (the "Listing Council"),
no assurance can be given that the appeal will be successful in
preventing the delisting of the Company's shares.  During the
pendency of the appeal, the Staff continues to monitor the Company
notwithstanding the February 8, 2017 suspension of trading in the
Company's common stock until such time as the Company's stock is
technically delisted from a regulatory standpoint, which cannot
occur until the appeal is concluded.  From a trading perspective,
there is little difference between the Company's common stock being
"suspended" or "delisted."  The Company's inability to timely file
the 2016 Form 10-K does not change the Company's trading status,
nor do we believe that it materially impacts the appeal.

The Company is working as expeditiously as possible toward filing
all required periodic financial reports with the SEC.  As
previously disclosed, the Company is targeting the Summer of 2017
to complete the financial restatement and to be current with all of
its SEC filings, although there can be no assurance that the
process will be completed by that time.  Once the Company has
regained compliance with its SEC filing requirements, the Company
will promptly seek to relist its common stock on a national
securities exchange.

                          About comScore

comScore, Inc. (NASDAQ: SCOR) -- http://www.comscore.com/-- is a
cross-platform measurement company that precisely measures
audiences, brands and consumer behavior everywhere.  comScore
completed its merger with Rentrak Corporation in January 2016, to
create the new model for a dynamic, cross-platform world.


COSI INC: Reorganization Plan Slated for April 25 Confirmation
--------------------------------------------------------------
Cosi, Inc., the fast-casual restaurant company, on March 23
disclosed that, on March 21, 2017, the U.S. Bankruptcy Court for
the District of Massachusetts (Eastern Division) entered an Order
(i) Approving Disclosure Statement with respect to Joint Plan of
Reorganization of the Debtors, (ii) Approving the Certain
Balloting, Tabulation, Solicitation, Objection and Notice
Procedures, and (iii) Scheduling a Hearing to Consider Confirmation
of the Plan and Objection Deadlines [Dkt. No. 780].

NOTICE REGARDING (I) DISCLOSURE STATEMENT AND JOINT PLAN OF
REORGANIZATION, (II) DEADLINE FOR FILING OBJECTIONS TO PLAN
CONFIRMATION, (III) DEADLINE FOR FILING OBJECTIONS TO LEASE AND
CONTRACT ASSUMPTION AND (IV) HEARING ON PLAN CONFIRMATION

TO ALL HOLDERS OF CLAIMS AND INTERESTS AND PARTIES IN INTEREST:

1. Bankruptcy Court Approval of the Disclosure Statement and the
Solicitation Procedures.  On
March 21, 2017, the United States Bankruptcy Court for the District
of Massachusetts (the "Court") entered an Order ()Disclosure
Statement Order") approving the First Amended Disclosure Statement
with Respect to Joint Plan of Reorganization of Cosi, Inc., Xando
Cosi of Maryland, Inc., Cosi Sandwich Bar, Inc., Hearthstone
Associates, LLC, and Hearthstone Partners, LLC [Dkt. No. 763-2] (as
may be amended, supplemented, or modified from time to time, the
"Disclosure Statement"), as containing adequate information, as
required under section 1125(a) of the Bankruptcy Code, 11 U.S.C.
101-1532 (the "Bankruptcy Code"), and authorized the Debtors to
solicit votes with regard to the acceptance or rejection of the
First AmendedJoint Plan of Reorganization of Cosi, Inc., Xando Cosi
of Maryland, Inc., Cosi Sandwich Bar, Inc., Hearthstone Associates,
LLC, and Hearthstone Partners, LLC [Dkt. No. 763-1] (as may be
amended, supplemented, or modified from time to time, the "Plan").


In accordance with Rule 3017(a) of the Federal Rules of Bankruptcy
Procedure, requests for copies of the Disclosure Statement, the
Plan and/or the Disclosure Statement Order or any inquiries related
thereto may be made to the Debtors' counsel as set forth below.
Copies of any documents so requested will be provided free of
charge.

2. Voting Record Date.  The Voting Record Date for purposes of
determining which Holders of Claims are entitled to vote on the
Plan is March 21, 2017 at 5:00 p.m. prevailing Eastern Time.    

3. Voting Deadline.  If you hold a Claim against one of the Debtors
as of the Voting Record Date and are entitled to vote to accept or
reject the Plan (i.e., Holders of Claims in Class 5 (Noteholder
Secured Claim) and Class 6 (General Unsecured Claims)), you have
received or will receive a Ballot appropriate for your Claim(s).
For your vote to accept or reject the Plan to be counted, you must
follow the appropriate voting instructions, complete all required
information on the Ballot, execute and return the completed Ballot
so that it is actually received in accordance with the voting
instructions set forth in the Ballot at the address indicated in
the Ballot by 4:30 p.m. prevailing Eastern Time on April 20, 2017
(the "Voting Deadline").  Any failure to follow the voting
instructions set forth on the Ballot may disqualify your Ballot and
your vote on the Plan.  Further information regarding the
submission of Ballots and the procedures for solicitation and
tabulation of votes to accept or reject the Plan is set forth in
the Disclosure Statement Order.

4. Parties Not Entitled to Vote to Accept or Reject the Plan.    

a. Unimpaired Creditors.  Under the terms of the Plan, Holders of
Claims or Interests, as applicable, in Class 1 (Priority Claims),
Class 2 (JP Morgan Chase Secured Claim), Class 3 (Continuing
Employment Claims), Class 4 (Customer Claims), Class 7
(Intercompany Claims), and Class 9 (Intercompany Interests) are not
impaired and, accordingly, are (i) conclusively presumed to have
accepted the Plan, and (ii) not entitled to vote on the Plan on
account of such Claims or Interests.

b. Holders of Existing Equity Interests.  Under the terms of the
Plan, the Holders of Interests in Class 8 (Existing Equity
Interests) will neither receive nor retain any consideration nor
retain any property under the Plan and, accordingly, are (i)
conclusively presumed to have rejected the Plan and (ii) not
entitled to vote on the Plan on account of such Interests.  As
such, all issued and outstanding shares of Cosi, Inc. will be
cancelled and holders of such shares will receive nothing under the
Plan.

IF YOU DO NOT RECEIVE A BALLOT BUT YOU BELIEVE THAT YOU MAY BE
ENTITLED TO VOTE ON THE PLAN, YOU SHOULD IMMEDIATELY CONTACT THE
DEBTORS' COUNSEL AS SET FORTH BELOW AND REQUEST A BALLOT.          
    

5. Objections to the Plan.  The Court has established April 20,
2017, at 4:30 p.m. prevailing Eastern Time, as the last date and
time for filing and serving objections to the confirmation of the
Plan (the "Plan Objection Deadline").  Objections, if any, to the
confirmation of the Plan must (a) be in writing, (b) state the name
and address of the objector, (c) comply with the Federal Rules of
Bankruptcy Procedure and the Massachusetts Local Bankruptcy Rules,
(d) state the amount of the objector's claim or the nature of its
interest, and the nature of the objection or modification sought
and the legal basis therefor, (e) be filed and served on or before
the Plan Objection Deadline, and (f) be filed with the Clerk,
United States Bankruptcy Court, John W. McCormack Post Office and
Courthouse, 5 Post Office Square, Boston, Massachusetts 02109, with
copies served upon the following (collectively, the "Objection
Notice Parties"):

         Mirick, O'Connell, DeMallie & Lougee, LLP
         1800 West Park Drive, Suite 400
         Westborough, MA 01581
         Attn: Christine E. Devine, Esq.
         Attn: Joseph H. Baldiga, Esq.

         Counsel to the Debtors

         Nixon Peabody LLP
         100 Summer Street
         Boston, MA 02110
         Attn: Lee Harrington, Esq.
  
         Counsel to the Creditors' Committee

         Vinson & Elkins, LLP
         666 Fifth Avenue, 26 [th] Floor
         New York, NY 10103
         Attn: Steven M. Abramowitz, Esq.

         Counsel to the DIP Lenders and Noteholders

         Office of the United States Trustee for
         the District of Massachusetts
         John W. McCormack Post Office & Courthouse
         5 Post Office Square, 10 [th] Floor, Suite 1000
         Boston, MA 02109
         Attn: Paul R.C. Bachtell, Esq.

         United States Trustee Trustee
   
ANY OBJECTIONS NOT FILED AND SERVED AS SET FORTH ABOVE WILL NOT BE
CONSIDERED BY THE BANKRUPTCY COURT AND SHALL BE DEEMED WAIVED.

6.  Confirmation Hearing.  A hearing to consider confirmation of
the Plan is scheduled for April 25, 2017 at 10:00 a.m. prevailing
Eastern Time before the Honorable Melvin S. Hoffman, Chief United
States Bankruptcy Judge, at the United States Bankruptcy Court
located at Courtroom No. 2, 12 [th ] Floor of the John W. McCormack
Post Office and Courthouse, 5 Post Office Square, Boston,
Massachusetts 02109 (the "Confirmation Hearing").  The Confirmation
Hearing may be adjourned from time to time without further notice
to creditors or other parties in interest, other than by an
announcement of such an adjournment in open court at the
Confirmation Hearing.

7.  Objections to Assumption of Executory Contracts and Unexpired
Leases.  Objections to the assumption or the assumption and
assignment of executory contracts and unexpired leases as set forth
on the Notice of (I) Assumption, Assignment, and Cure Amounts
Regarding Executory Contracts and Unexpired Leases and (II)
Objection Deadlines Related Thereto (the "Assumption and Cure
Notice"), including objections to Cure Claim amounts, must (a) be
in writing, (b) state the name and address of the objector, (c)
comply with the Federal Rules of Bankruptcy Procedure and the
Massachusetts Local Bankruptcy Rules, (d) state the legal basis
therefor, (e) be filed and served on or before 4:30 p.m. Eastern
Time on or before  April 18, 2017, and (f) be filed with the Clerk,
United States Bankruptcy Court, John W. McCormack Post Office and
Courthouse, 5 Post Office Square, Boston, Massachusetts 02109, with
copies served upon the Objection Notice Parties.  Any objections
not filed and served as set forth above will not be considered by
the Bankruptcy Court and shall be deemed waived.

8.  Release, Exculpation, and Injunction Language in the Plan.
Please be advised that Article X of the Plan contains various
release, exculpation, and injunction provisions, including certain
third-party release provisions.  You should refer to Section 6.10
of the Disclosure Statement (Effect of Confirmation of the Plan)
for additional information regarding the release, exculpation, and
injunction provisions of the Plan.

YOU ARE ADVISED TO CAREFULLY REVIEW AND CONSIDER THE DISCLOSURE
STATEMENT AND THE PLAN, INCLUDING THE RELEASE, EXCULPATION, AND
INJUNCTION PROVISIONS, AS YOUR RIGHTS MIGHT BE AFFECTED.   

Pursuant to the Disclosure Statement Order, the Debtors shall file
and serve the Assumption and Cure Notice no later than April 11,
2017.

Requests for copies of documents as permitted in the Notice may be
made to:

Kate P. Foley, Mirick, O'Connell, DeMallie & Lougee, LLP, 1800 West
Park Drive, Suite 400
Westborough, MA 01581-3926, Phone: (508) 898-1501; Fax: (508)
898-1502; Email: kfoley@mirickoconnell.com.

A copy of this Notice is also available on the Cosi website at
http://files.getcosi.com/file/Notice-of-Confirmation-Hearing-Solicitation-Version-A3646218-3x7A575-.pdf,
or at www.getcosi.com, in the footer of the page click on "Notice
to Customers Regarding Chapter 11 Plan".

                          About Cosi Inc.

Cosi, Inc., is an international fast-casual restaurant company
featuring its crackly-crust flatbread and specializing in a variety
of made-to-order hot and cold sandwiches, salads, bowls, breakfast
wraps, "Squagels" (square bagels), melts, soups, flatbread pizzas,
S'mores, snacks, deserts and a large offering of handcrafted,
coffee-based, and specialty beverages.  

The company was first established in New York in 1996 and
incorporated in Delaware in 1998.  In 2002, Cosi became publicly
traded company on the Nasdaq exchange under the symbol "COSI".

Cosi and its subsidiaries filed Chapter 11 petitions (Bankr. D.
Mass. Lead Case No. 16-13704-MSH) on Sept. 28, 2016.  The cases are
assigned to Judge Melvin S. Hoffman.

Prior to the petition date, the Debtors had 72 debtor-owned
locations and 35 franchised locations and employed 1,555 people.

The Debtors tapped Joseph H. Baldiga, Esq., and Paul W. Carey,
Esq., at Mirick, O'Connell, DeMallie & Lougee, LLP, as counsel; DLA
Piper LLP (US) as special counsel; The O'Connor Group as financial
consultant; BDO USA, LLP, as auditor and accountant; and Randy
Kominsky of Alliance for Financial Growth, Inc., as chief
restructuring officer.  

The Office of the U.S. Trustee appointed an official committee of
unsecured creditors.  The committee is represented by Lee
Harrington, Esq., at Nixon Peabody LLP.  Deloitte Financial
Advisory Services LLP serves as its financial advisor.


COVENANT PLASTICS: Taps Kenneth O Dike as Accountant
----------------------------------------------------
Covenant Plastics, Inc. seeks approval from the U.S. Bankruptcy
Court for the Southern District of Texas to hire an accountant.

The Debtor proposes to hire Kenneth O Dike, Certified Public
Accountant, P.C. to provide bookkeeping services, prepare its tax
returns and monthly financial statements, and provide other
accounting services related to its Chapter 11 case.

Kenneth O Dike, a certified public accountant, will charge a
monthly fee of $3,166.67 for his services.

Mr. Dike disclosed in a court filing that he does not hold any
interest adverse to the Debtor's bankruptcy estate or any of its
creditors.

Mr. Dike maintains an office at:

     Kenneth O Dike
     Kenneth O Dike, Certified Public
     Accountant, P.C.
     2626 South Loop West, Suite 309
     Houston, TX 77054

                  About Covenant Plastics Inc.

Founded in 1995, Covenant Plastics, Inc. is a small organization in
the scrap and waste material companies industry located in Houston,
Texas.  It has seven full-time employees and generates an estimated
$1.2 million in annual revenue.  The Debtor owns a commercial
property located in Beaumont Highway, Houston valued at $1.63
million.

Prentice S. Tillman is the 40% shareholder.  Vickie R. Tillman owns
60% stake in the Debtor.

The Debtor sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. S.D. Texas Case No. 17-31541) on March 9, 2017.  The
petition was signed by Prentice S. Tillman, president.  The case is
assigned to Judge David R. Jones.

At the time of the filing, the Debtor disclosed $1.91 million in
assets and $4.12 million in liabilities.


CRYSTAL CLEAR HAND: Taps Morrison Tenenbaum as Legal Counsel
------------------------------------------------------------
Crystal Clear Hand Car Wash Inc. seeks approval from the U.S.
Bankruptcy Court for the Eastern District of New York to hire legal
counsel in connection with its Chapter 11 case.

The Debtor proposes to hire Morrison Tenenbaum PLLC to give legal
advice regarding its duties under the Bankruptcy Code, negotiate
with creditors, assist in the implementation of a bankruptcy plan,
and provide other legal services.

Lawrence Morrison, Esq., the attorney designated to represent the
Debtor, will charge an hourly rate of $375.  Associates and
paraprofessionals charge $350 per hour and $150 per hour,
respectively.

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

The firm can be reached through:

     Lawrence F. Morrison, Esq.
     Morrison Tenenbaum PLLC
     87 Walker Street, Floor 2
     New York, NY 10013
     Phone: 212-620-0938
     Email: lmorrison@m-t-law.com

                About Crystal Clear Hand Car Wash

Crystal Clear Hand Car Wash Inc. sought protection under Chapter 11
of the Bankruptcy Code (Bankr. E.D.N.Y. Case No. 17-40739) on
February 20, 2017.  The petition was signed by George Diraimondo,
president.  

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


DANA INC: S&P Lowers CCR to 'BB' on Weaker Cash Flow Generation
---------------------------------------------------------------
S&P Global Ratings said that it has lowered its corporate credit
rating on Maumee, Ohio-based auto supplier Dana Inc. to 'BB' from
'BB+'.  The outlook is stable.

At the same time, S&P lowered its issue-level rating on the
company's senior unsecured debt to 'BB' from 'BB+'.  The '4'
recovery rating remains unchanged, indicating S&P's expectation for
average (30%-50%; rounded estimate: 35%) recovery in a payment
default.

Additionally, S&P assigned its 'BB' issue-level rating and '4'
recovery rating to the company's new $400 million senior unsecured
notes.  The '4' recovery rating indicates S&P's expectation for
average (30%-50%; rounded estimate: 35%) recovery in a payment
default.

Dana plans to issue $400 million of senior unsecured notes to help
repay $180 million of debt at its Brevini subsidiaries and about
$113 million of debt at a Brazilian subsidiary, to purchase up to
$75 million of 5.375% senior notes, and for fees and other
corporate purposes.

"We lowered our corporate credit rating on Dana to reflect the
company's weaker-than-expected FOCF generation," said S&P Global
credit analyst Lawrence Orlowski.  Increasing capital expenditures
to fund its new business, ongoing weakness in segments of the
commercial vehicle and off-highway markets, and costs incurred to
improve its operational efficiency have reduced the company's FOCF
generation to levels that are more in-line with a weaker financial
risk profile.

The stable outlook on Dana reflects S&P's belief that the company
will be able to maintain the required financial metrics to support
S&P's current rating, including a FOCF-to-debt ratio of at least
10% over the next year.

S&P could lower its ratings on Dana if S&P came to believe that the
company's cash generation would suffer significantly from
lower-than-expected vehicle production levels, increased pricing
pressure, and the failure to strengthen its core markets, causing
its FOCF-to-debt ratio to fall below 10% on a sustained basis.
Furthermore, S&P could lower its ratings if the company makes a
transformative acquisition or uses a material amount of its cash to
fund shareholder-friendly actions.

Although unlikely, S&P could raise its ratings on Dana during the
next year if S&P came to believe that its could maintain a
FOCF-to-debt ratio of more than 15% on a sustained basis despite
ongoing restructuring costs to enhance its core business, elevated
capital expenditures to fund its future vehicle programs, and
higher interest expenses.


DAYTON POWER: Staff Stipulation Credit Positive, Fitch Says
-----------------------------------------------------------
On March 14, 2017, Dayton Power & Light (DP&L, 'BB+'/Outlook
Negative) reached a settlement agreement for its Electric Security
Plan (ESP) with the staff of the Public Utility Commission of Ohio
(PUCO) among other intervenors. Fitch believes that the
stipulation, if approved without material modification, is credit
positive for DP&L and its parent DPL Inc. (DPL, 'B+'/ Outlook
Negative).

Under the settlement, DP&L will collect a non-bypassable
Distribution Modernization Rider (DMR) of $105 million for three
years and may apply for an additional two year extension. Primary
use of the proceeds is for debt servicing and repayment, a credit
positive. The amount of the DMR is similar to the $110 million
Service Stability Rider charge in the ESP 2, which was rejected by
Ohio Supreme Court in June 2016 and effectively invalidated a
similar 10-year non-bypassable fixed charge rider in the initial
ESP 3 filing.

DP&L agreed to transfer its 2,078 MW (DP&L's share) coal-fired
merchant generation assets and non-debt liabilities to AES Ohio
Generation, a subsidiary of DPL. Subsequently, DPL has also agreed
to commence a sale process associated with its ownership interest
in three facilities Conesville (129 MW), Miami Fort (368 MW) and
Zimmer (371 MW) within 180 days following the approval of the
stipulation. Sale proceeds will be used to make additional
discretionary debt payments at DP&L and DPL. Fitch expects a higher
valuation in a sale process for Miami Fort and Zimmer units than
Conesville, due to their lower variable costs and favourable
position on the dispatch curve. DPL has also publicly stated its
intent to retire its Killen (402 MW) and Stuart (808 MW) generation
facilities. The potential exit of merchant generation business, if
executed, will substantially improve DP&L and DPL's business risk
profile. DP&L will become a pure regulated transmission and
distribution utility.

The stipulation prohibits DPL from making any dividend throughout
the ESP term (2017-2023) or tax sharing payment throughout the DMR
term (2017 to 2020 or 2022) to its parent, AES Corporation and from
accruing tax sharing liabilities. DPL has not made any dividend
payment since 2012 or tax sharing payment since 2013.

Fitch continues to believe that rating stability for DPL and DP&L
will depend upon the approval of the stipulation agreement without
material modification, as well as the companies' ability to defend
potential legal challenges against the settlement and a final
order, which cannot be ruled out at this juncture.


DEFLORA LAKE: Names Elizabeth Haas as Attorney
----------------------------------------------
DeFlora Lake Development Associates, Inc. seeks authorization from
the U.S. Bankruptcy Court for the Southern District of New York to
employ Elizabeth A. Haas, Esq., PLLC as attorney.

The Debtor requires Ms. Haas to:

   (a) prepare and finalize Schedules, the Statement of Financial
       Affairs, and other documents required under the Bankruptcy
       code and by the Office of the U.S. Trustee;

   (b) examine claims filed, priority tax claims of the various
       taxing agencies and executory leases, and to institute the  

       necessary proceedings and objections to said claims in
       order to establish the validity and the amounts due and
       also general unsecured creditors' claims, and to conduct
       negotiations and prepare all requisite documents in
       connection with adjustments effected and any agreements
       with respect to the terms, provisions and conditions of the

       payment of said claims;

   (c) give the Debtor all legal advice with respect to its power
       and duties as Debtor-in-possession, in the continued   
       operation of their business and management of their
       property;

   (d) take the necessary legal steps to enjoin and stay, until
       final decree herein, pending actions and proceedings or
       actions or proceedings hereinafter instituted or to permit
       the Debtor to prosecute actions in other courts;

   (e) prepare, on behalf of the Debtor as Debtor-in-possession,
       necessary petitions, answers, orders, reports, and other
       legal papers;

   (f) perform all other legal services for the Debtor, as Debtor-
       in-Possession, which may be necessary or desirable herein,
       from all of which it is readily apparent that it is
       necessary for the Debtor as Debtor-in-possession to employ
       an attorney for the rendition of such professional
       services;

   (g) represent the Debtor in connection with negotiations for
       the borrowing of funds and the issuance of orders thereon,
       as well as the certificates of indebtedness in connection
       with the renegotiation of existing contracts and in
       connection with all contracts and agreements by and between

       the Debtor and all third parties, in connection with the
       continuation of business and the use of cash collateral,
       the borrowing of funds and in the entering into of new
       contracts and commitments on the part of the Petitioner;

   (h) examine into the status and merits of all executory
       contracts and to institute all proceedings to disaffirm and

       reject all burdensome and disadvantageous contracts, to
       institute proceedings, and to determine and fix the
       liability of the Debtor upon all executory contracts that
       may be rejected;

   (i) institute proceedings and determine the status, validity
       and amount due on all disputed claims, particularly with
       respect to contracts and executory contracts, the validity
       of which may be subject to questions, or with respect to
       such contracts as may be burdensome and rejected by the
       Debtor;

   (j) obtain authority to sell assets of the Debtor-in-Possession

       but it is specifically understood that the Debtor will
       retain special counsel for all transactional work relating
       to any sale of assets;

   (k) commence adversary proceedings relating to assets currently

       held in a special escrow account and to determine the claim

       of the Debtor and other to those assets; and

   (l) file proceedings pursuant to 11 U.S.C. section 105.

The law firm will be paid at these hourly rates:

       Elizabeth A. Haas            $400
       Paralegal                    $150

The law firm will also be reimbursed for reasonable out-of-pocket
expenses incurred.

Prior to the filing of the Debtor's petition, KEJCO, LLC, a third
party has paid, or has agreed to pay, retainer fee of the firm in
the amount of $10,000, plus the filing fee and $2,500 for initial
and necessary out-of-pocket expenses.

Elizabeth A. Haas assured the Court that the firm is a
"disinterested person" as the term is defined in Section 101(14) of
the Bankruptcy Code and does not represent any interest adverse to
the Debtor and its estate.

The firm can be reached at:

       Elizabeth A. Haas, Esq.
       ELIZABETH A. HAAS, ESQ., PLLC
       254 S. Main Street, Suite 302
       New City, NY 10956
       Tel: (845) 708-0340
       Fax: (845) 708-5622
       E-mail: info@thehaaslawfirm.com

DeFlora Lake Development Associates, Inc., filed a Chapter 11
bankruptcy petition (Bankr. S.D.N.Y. Case No. 17-35318) on
March 2, 2017, disclosing under $1 million in both assets and
liabilities. The Debtor is represented by Elizabeth A. Haas, Esq.


DENNIS JOHNSON: Trustee Taps Cassidy & Sheehan Firms as Counsel
---------------------------------------------------------------
Thomas Fluharty, Chapter 11 trustee for the bankruptcy estate of
Dennis Johnson II, seeks approval from the U.S. Bankruptcy Court
for the Southern District of West Virginia to hire a special
counsel.

The trustee proposes to hire Cassidy, Meyers, Cogan & Voegelin,
L.C. and Sheehan & Nugent, PLLC to litigate claims of Mr. Johnson's
estate arising out of any improper or illegal claims of Peoples
Bank, Peoples Bank Insurance Agency LLC, Great American Insurance,
and Zak Burkons.

Cassidy and Sheehan will be paid on a contingency basis.  The firms
will get 40% of the amount recovered, plus costs and expenses.
They will also get additional fees not to exceed a total of 10% of
the amount recovered, plus expenses, in the event that appellate
litigation is necessary.

The firms are "disinterested persons" as defined in section 101(13)
of the Bankruptcy Code, according to court filings.

The firms can be reached through:

     Patrick S. Cassidy, Esq.
     Cassidy, Meyers, Cogan & Voegelin, L.C.
     1413 Eoff Street
     Wheeling, WV 26003
     Phone: (304) 232-8100

        -- and --

     Martin P. Sheehan, Esq.
     Sheehan & Nugent, PLLC
     41 15th Street
     Wheeling, WV 26003
     Phone: 304-232-1064
     Fax: 304-232-1066

                      About Dennis Ray Johnson

Dennis Ray Johnson, II, filed a Chapter 11 petition (Bankr. S.D.
W.Va. Case No. 16-30227) on May 9, 2016, and was represented by
Christopher S. Smith, Esq., at Hoyer, Hoyer & Smith, PLLC.  In
January 2017, Mr. Johnson tapped Lewis Glasser Casey & Rollins PLLC
as new counsel.

Mr. Johnson is a businessman with ownership interests in at least
10 entities. He operates various rental real estate entities and
coal associated operations. Mr. Johnson is a member of each of the
following debtor companies -- Appalachian Mining and Reclamation,
LLC, DJWV1, LLC, DJWV2, LLC, Elkview Reclamation and Processing,
LLC, Green Coal, LLC, Joint Venture Development, LLC, Little
Kentucky Elk, LLC, Moussie Processing, LLC, Producer's Coal, Inc.,
Producer's Land, LLC, Redbud Dock, LLC, Southern Marine Services,
LLC, Southern Marine Terminal, LLC, and The Silo Golf Course, LLC
-- and has filed a motion asking the Bankruptcy Court to jointly
administer the bankruptcy cases. Mr. Johnson is also a guarantor of
the debt for most of the companies.

Mr. Johnson operated as a debtor-in-possession until Thomas
Fluharty was appointed Chapter 11 trustee on November 7, 2016.


DIRECT MEDIA: Court Extends Plan Filing Deadline to June 19
-----------------------------------------------------------
Judge Timothy A. Barnes has extended Direct Media Power, Inc.'s
exclusive plan filing period through June 19, 2017, and its
exclusive plan solicitation period through August 18, 2017.

As previously reported by The Troubled Company Reporter, the Debtor
is facing a motion to dismiss case commenced by Radio One, Inc.,
which is currently scheduled for hearing on April 19 to 20. The
parties anticipate conducting some discovery before the
commencement of the April hearings.

The Debtor informed that Court that because of the pendency of the
Case Dismissal Motion, it has had little time to devote to the plan
promulgation process (including the completion of both the plan of
reorganization and disclosure statement).  The Debtor contended
that it is rational to address the issues raised by the Case
Dismissal Motion before spending much time and energy, and the
attendant fees, on the plan promulgation and confirmation process.

                   About Direct Media Power

Established in 2010 and located Wood Dale, Illinois, Direct Media
Power, Inc., also known as DMP Teleservices, Inc., is a large
privately owned liquidator of unsold prime commercial radio
airtime nationwide.

Direct Media Power sought Chapter 11 protection (Bankr. N.D. Ill.
Case No. 16-36934) on Nov. 21, 2016.  The petition was signed by
Dean Tucci, president.  Judge Timothy A. Barnes is assigned to the
case.  At the time of filing, the Debtor estimated assets of
$100,000 to $500,000 and debt of $1 million to $10 million.

Initially, the Debtor was represented by Adam S. Tracy, Esq., at
The Tracy Firm, Ltd.  The Debtor hired Neal L. Wolf, Esq. and Paul
H. Deese, Esq., at Tetzlaff Law Offices, LLC to replace its former
counsel.


DOLE FOOD: Moody's Affirms B2 CFR, Rates $375MM 3rd Lien Notes Caa1
-------------------------------------------------------------------
Moody's Investors Service affirmed Dole Food Company, Inc.'s (Dole)
B2 Corporate Family Rating (CFR) and B2-PD Probability of Default
Rating. Moody's also assigned a Caa1 rating to the company's
proposed $375 million third lien notes. The rating outlook is
stable.

Moody's affirmation of Dole's B2 Corporate Family Rating reflects
the company's good market position and geographic diversity despite
high financial leverage. It also reflects Moody's view that the
company has the ability to generate positive free cash flow before
discretionary investments and certain other items such as legal
settlements and that the company will maintain adequate liquidity.
The proposed notes along with the company's announcement last week
of a new $875 million term loan benefits Dole's liquidity by
increasing revolver availability, addressing two significant cash
outlays in 2017, and extending loan maturities. Proceeds from the
term loan and notes will be used to repay the existing term loan,
second lien notes, and revolver borrowings. Proceeds will also be
used to fund a $74 million litigation settlement. The existing term
loan requires Dole to make $120 million in aggregate payments by
November 1, 2017. Moody's estimates a remaining payment of $45
million at this date after scheduled amortization. The refinancing
of the term loan removes this cash outlay requirement. In addition,
the existing revolver and term loan both mature in 2018. The new
revolver expires in 2022 and the new term loan matures in 2024. The
existing notes mature in 2019, the proposed notes mature in 2025.

Moody's took the following rating actions on Dole Food Company,
Inc.:

Ratings Assigned:

- $375 million third lien notes at Caa1 (LGD 5)

Ratings Affirmed:

- Corporate Family Rating at B2

- Probability of Default Rating at B2-PD

- $875 million first lien term loan at B1 (LGD 3)

- $825 million first lien term loan at B1 (LGD 3) (to be
   withdrawn at closing)

- $300 million second lien notes at B3 (LGD 5) (to be withdrawn
   at closing)

The ratings outlook is stable.

RATING RATIONALE

Dole's B2 CFR reflects high financial leverage, low margins,
earnings and cash flow volatility inherent in the company's
commodity oriented business, and adequate liquidity. These factors
are partially offset by the company's sophisticated production and
logistics infrastructure that provides it a competitive advantage,
its good market position as one of a few large fresh fruit and
fresh vegetable producers in the U.S. and Europe, and its large
scale and operational diversity. Investments in new ships and
farmland, legal and tax settlements, a salad recall, and dividends
have contributed to meaningfully negative free cash flow over the
last five years. The potential for additional investments creates
event risk and may limit deleveraging. However, Moody's believes
the company has the ability to generate modestly positive free cash
flow before discretionary investments over the next few years.

The new Caa1 rating on the proposed $375 million third lien notes,
two notches below the B2 CFR, reflects these notes' junior liens on
the collateral that would lead to weaker recovery in the event of a
default. The notes are secured by a third lien on the company's
domestic assets.

The stable rating outlook reflects Moody's expectation for adequate
liquidity following the refinancing, positive free cash flow, and
high financial leverage.

Ratings could be upgrade if the company maintains cash flow from
operations to net debt in the mid to high teens and debt to EBITDA
below 4.0 times.

Ratings could be downgraded if operating performance deteriorates,
liquidity weakens, Moody's expects weak or negative free cash flow
to persist, or debt to EBITDA is sustained above 5.5 times.

Dole Food Company, Inc. is a producer of fresh fruit and fresh
vegetables. Revenues were $4.5 billion for the 12 months ending
December 31, 2016. Dole is a private company owned by its Chairman
and CEO David Murdock.

The principal methodology used in these ratings was Global Protein
and Agriculture Industry published in May 2013.


DON GREEN: Sale of Suwannee Property to Andrewses for $450K Okayed
------------------------------------------------------------------
Judge Karen K. Specie of the U.S. Bankruptcy Court for the Northern
District of Florida authorized Don Green Farms, Inc.'s sale of
interest in real property in Dixie County located at 97 SE 241st
Street, Suwannee, Florida, to Ronald and Janet Andrews for
$450,000.

The sale of the Property is being sold "as is, where is" with no
warranties of any kind, express, implied or otherwise; and free and
clear of all liens, claims and encumbrances.

The Debtor is authorized to pay any past due real estate taxes owed
against the Property and a pro-rata share of current year real
property taxes owed against the Property at the closing of the
sale.

The Debtor is authorized upon closing to pay (i) the first mortgage
holder, Nationstar Mortgage, LLC, and (ii) the second mortgage
holder, CapitalOne Equity Line, as the proceeds of the sale permit.
Each of these lienholders will either (a) be paid in full, (b)
have consented to the sale, or (c) be fully unsecured as to the
Property and have no standing to object.

The Debtor is authorized to pay Sonja Reed of Suwannee Realty, the
Broker, a real estate commission of 6% of the gross sales price of
$450,000.  The Application For Approval Of Employment Of Suwannee
Realty, LLC, As Realtor For The Debtor In Possession (Donald R.
Green) Nunc Pro Tunc To The Petition Date (Doc. 82) is approved.

As stated in the "As Is" Residential Contract for Sale and
Purchase, the Debtor is authorized to disburse funds necessary to
pay all reasonable and ordinary expenses incurred in closing the
sale.

The 14-day period imposed by F.R.B.P. 6004(g) applies to the sale.
Therefore, the closing of the sale will not occur before 14 days
after entry
of the Order approving the sale as outlined.

                   About Don Green Farms

Don Green Farms, Inc. filed a Chapter 11 petition (Bankr. N.D.
Fla.
Case No. 16-10261), on Nov. 16, 2016.  The petition was signed by
Donald R. Green, president.  The Debtor is represented by Seldon
J.
Childers, Esq., at ChildersLaw, LLC.  The Debtor disclosed total
assets at $13,987 and total liabilities at $3.95 million.


DOWLING COLLEGE: Sets Sales Procedures for IP Addresses
-------------------------------------------------------
Dowling College asks the U.S. Bankruptcy Court for the Eastern
District of New York to authorize the sales procedures in
connection with the sale of Internet protocol numbers ("IP
Addresses").

Contemporaneously with the filing of the instant Motion, the Debtor
is filing an application seeking an order approving the employment
and retention of Hilco IP Services, LLC, doing business as Hilco
Streambank, as broker for the Debtor in connection with the
marketing of certain of the Debtor's IP Addresses.

The Debtor has a Class B block of IPv4 Internet protocol numbers
registered to it with the regional Internet registry ("RIR") for
the North America region – the American Registry of Internet
Numbers ("ARIN").  The block contains 65,536 IP Addresses.  The
Debtor's IP Addresses are under the IPv4 (version 4) protocol,
which is limited to approximately 4.3 billion addresses.  The IPv4
pool of addresses has been depleted, and the only way to obtain
these numbers is to purchase them from holders that have excess
unused space.  There is a new protocol called IPv6, with a much
larger pool,
however until IPv6 is fully deployed and transitioned, there will
continue to be a need for IPv4.

The Debtor desires to market the IP Addresses promptly in order to
maximize the benefit to the Debtor's estate.  Accordingly, by the
Motion, the Debtor seeks to establish procedures whereby it may
sell the IP Addresses without obtaining further approval of the
Court.

Hilco Streambank will market the IP Addresses using a process that
includes the solicitation of bids and other procedures designed to
ensure that the Debtor receives the maximum value for the IP
Addresses.

Accordingly, the Debtor requests authority to sell the IP Addresses
without further order of the Court, but subject to these Sale
Procedures:

          a. Each asset sale may only be completed on 14 days'
written notice to all Notice Parties.

          b. If no written objection from a party in interest is
received within the 14-day notice period, then the Debtor may
immediately consummate the transaction, including making any
disclosed payments to Hilco Streambank on account of its
compensation.  If a written objection to any sale is received by
the Debtor within the 14-day notice period then, absent a
settlement, Court approval of the sale will be required.

          c. All purchasers will take the IP Addresses sold by the
Debtor "as is, where is," without any representations or warranties
from the Debtor as to the quality or fitness of such IP Addresses
for their intended or any particular purpose.

          d. All sales of IP Addresses hereunder will be subject to
approval of the transfer of the IP Addresses by ARIN, and if being
transferred out of the region, approval of the relevant
transferee's RIR.

          e. The Debtor will keep a detailed accounting of the
proceeds of all such dispositions.

Upon consummation of any sale of the IP Addresses, after Hilco
Streambank is paid its commission from the sale proceeds of the IP
Addresses, the Debtor will pay the remaining net cash proceeds to
the administrative agent for its post-petition secured lenders
("DIP Agent"), which payment will be applied to the Debtor's
Obligations in accordance with the terms of that certain
Debtor-in-Possession MultiDraw Term Loan Promissory Note dated as
of Nov. 29, 2016, by and among the Debtor and each lender party
thereto and the DIP Agent.

The Debtor believes in an exercise of informed business judgment
that the sale of the IP Addresses is in the best interests of the
Debtor, its creditors and the Debtor's estate.  Accordingly, the
Debtor respectfully asks that the Court enters an order granting
the relief requested, and granting such other and further relief as
is just and proper.

                About Dowling College

Dowling College was founded in 1955 as part of Adelphi College's
outreach to Suffolk County, New York.  Dowling College became the
first four-year, degree-granting liberal arts institution in the
county.  It purchased the former W.K. Vanderbilt estate in Oakdale
in 1962.

Dowling College sought Chapter 11 bankruptcy protection (Bankr.
E.D.N.Y. Case No. 16-75545) on Nov. 30, 2016, estimating assets of
$100 million to $500 million and debt of less than $100 million.
The Debtor is represented by Klestadt Winters Jureller Southard &
Stevens, LLP.  Robert Rosenfeld of RSR Consulting, LLC, serves as
its chief restructuring officer while Garden City Group, LLC
serves
as its claims and noticing agent.

Robert E. Grossman presides over the Debtor's bankruptcy case.

The Office of the U.S. Trustee on Dec. 9 appointed three creditors
of Dowling College to serve on the official committee of unsecured
creditors.  The Committee names SilvermanAcampora LLP as its
counsel.


E. ALLEN REEVES: Seeks to Hire Davis Bucco as Special Counsel
-------------------------------------------------------------
E. Allen Reeves, Inc. seeks approval from the US Bankruptcy Court
for the Eastern District of Pennsylvania to employ Davis Bucco as
special counsel to represent the Debtor in negotiations with
bonding companies, sub-contractors, and potential lien holders as
well as the collection of receivables.

Dave Davis, Esq. is the professional likely to work on Debtor's
file. He will charge $375 per hour.

Dave Davis attests that neither he nor any member of his firm,
holds any interest adverse to the Estate which would disqualify it
from representing the Debtor, and said law firm is a disinterested
person as defined in 11 U.S.C. Sec. 101(14).

The Firm can be reached through:

     Dave Davis, Esq.
     DAVIS BUCCO
     10 E. 6th Avenue, Suite 100
     Conshohocken, PA 19428
     Tel: (610) 238-0880
     Fax: (610) 238-0244

                       About E. Allen Reeves

E. Allen Reeves, Inc. sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. E.D. Pa. Case No. 17-11354) on February 27,
2017.  The petition was signed by Robert N. Reeves, Jr., president.
The case is assigned to Judge Ashely M. Chan.

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


E. ALLEN REEVES: Seeks to Hire Kreischer Miller as Accountant
-------------------------------------------------------------
E. Allen Reeves, Inc. seeks approval from the US Bankruptcy Court
for the Eastern District of Pennsylvania to employ Kreischer Miller
as accountants to assist it with the preparation of corporate tax
returns for years ended Dec. 31, 2016 and Dec. 31, 2017.

Michael R. Viens, director of Kreischer Miller, attests that the
firm is a "disinterested person" as such term is defined in section
101(14) of the Bankruptcy Code.

Kreischer Miller's current hourly rate are:

     Brian Emerson, Staff       $125
     Nichole Spevak, Senior     $145
     Kate Stewart, Manager      $200
     Michael R. Viens, Director $490

The Firm can be reached through:

     Michael R. Viens, CPA
     KREISCHER MILLER
     100 Witmer Road, Suite 350
     Horsham, PA 19044
     Tel: (215) 441-4600
     Email: mviens@kmco.com

                     About E. Allen Reeves

E. Allen Reeves, Inc. sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. E.D. Pa. Case No. 17-11354) on February 27,
2017.  The petition was signed by Robert N. Reeves, Jr., president.
The case is assigned to Judge Ashely M. Chan.

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


EMAS CHIYODA: U.S. Trustee Forms 5-Member Committee
---------------------------------------------------
Judy A. Robbins, the U.S. Trustee for Region 7, on March 21
appointed five creditors of EMAS CHIYODA Subsea Limited, et al., to
serve on the official committee of unsecured creditors.

The committee members are:

     (1) DBS BANK, LTD
         Attn: Janelle Cheng
         12 Marina Boulevard, Level 46
         Marina Bay Financial Centre Tower 3
         Singapore 018982
         Tel: +65 6878-7866
         E-mail: janellechengyh@dbs.com

     (2) OVERSEA-CHINESE BANKING CORPORATION LIMITED
         Attn: Saswira Bin Ismail
         63 Chulia Street No. 02-00
         OCBC Centre East
         Singapore 049514
         Tel: +65 6890-3733
              +65 9694-1264
         E-mail: saswirai@ocbc.com

     (3) SERIMAX NORTH AMERICA, LLC,
         Attn: Thomas Newton,
         11315 West Little York Rd, Bldg
         Houston, Texas 77041
         Tel: (713) 559-0948
         E-mail: tom.newton@serimax.com

     (4) CANYON OFFSHORE, INC.
         Attn: Erik Heymann
         400S. Houston Parkway East, Suite 400
         Houston, Texas 77060
         Tel: (281) 848-0621
         E-mail: eheymann@helixess.com

     (5) CROWLEY MARINE SERVICES, INC.
         Attn: Timothy Bush
         15894 Diplomatic Plaza Drive
         Houston, Texas 77032
         Tel: (832) 850–4135
         E-mail: timothy.bush@crowley.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 Emas Chiyoda

EMAS CHIYODA Subsea Limited (Bankr. S.D. Tex., Case No. 17-31146)
and its affiliates filed voluntary Chapter 11 petitions on Feb. 27,
2017.  The Company is an international heavy lift subsea, offshore
and onshore contractor offering engineering, procurement,
construction, transportation, installation, and commissioning
services at every stage of the project lifecycle to deliver complex
construction projects for customers.  The case is assigned to Judge
Marvin Isgur.

The Debtors are represented by George N. Panagakis, Esq., Justin M.
Winerman, Esq., and Roy Leaf, Esq., at Skadden, Arps, Slate,
Meagher & Flom LLP, in Chicago, Illinois; Dominic McCahill, Esq.,
and Kathlene Burke, Esq., at Skadden, Arps, Slate, Meagher & Flom
LLP, in London.  The Debtors' co-counsel is John F. Higgins, Esq.,
Joshua W. Wolfshohl, Esq., Aaron J. Power, Esq., Brandon J. Tittle,
Esq., and Eric M. English, Esq., at Porter Hedges LLP, in Houston,
Texas.

The Debtors' managerial service provider is KPMG Services PTE. LTD.
The Debtors' claims and noticing agent is Epiq Bankruptcy
Solutions, LLC.

The Debtor's estimated assets is $500 million to $1 billion and its
estimated Liabilities is $100 million to $500 million.


ERA GROUP: S&P Lowers CCR to 'B-' on Oil & Gas Market Weakness
--------------------------------------------------------------
S&P Global Ratings said that it lowered its corporate credit rating
on Houston-based helicopter service provider Era Group Inc. to 'B-'
from 'B'.  The rating outlook is negative.

At the same time, S&P revised its recovery rating on the company's
senior unsecured debt to '3' from '5'.  The '3' recovery rating
indicates S&P's expectation for meaningful (50%-70%; rounded
estimate: 55%) recovery in the event of default.  The issue-level
rating remains 'B-'.

"The downgrade reflects our revised assessment of Era's financial
risk profile, based on assumptions for lower utilization and
pricing as helicopter service providers continue to experience
weakness in the offshore oil and gas line of service," said S&P
Global Ratings' credit analyst Kevin Kwok.  Operating revenues from
the oil and gas line of service account for over 80% of Era's total
revenues, with the remaining coming from the search and rescue, dry
leasing, air medical, and flightseeing lines of service.

Following the significant drop in crude oil prices in late 2014,
oil and gas exploration and production (E&P) companies
significantly cut their capital spending on deepwater projects.
S&P expects that offshore spending will remain subdued until at
least late 2019.  As a result, S&P expects that flight hours will
continue to decline and Era will face pricing pressures and lower
margins over the next two years.  Less than 10% of Era's operating
revenues are from lines of service unrelated to oil and gas.  As a
result, the company's earnings will be weighed down by the
uncertain offshore E&P market.  S&P now estimates that overall
EBITDA margins will remain in the 18%-19% range in 2017 and 2018,
compared with 19% in 2016 and over 25% in 2015, leading to weaker
credit measures.

The negative outlook reflects S&P's view that Era's leverage could
increase and remain above levels S&P views as appropriate for the
corporate credit rating.  This would most likely occur if the
company's revenue and EBITDA margins are weaker than S&P expects as
the offshore oil and gas sector continues to experience a decline
in activity and related spending.

"We could lower the rating if the company's FFO to debt falls to a
level we view as unsustainable, or if its liquidity deteriorated to
levels we no longer view as adequate," said Mr. Kwok.  "We believe
this could occur if commodity prices decline further for an
extended period, which would result in lower demand and pricing for
Era's helicopter services."

S&P could consider an upgrade if Era was able to expand its
helicopter fleet while maintaining FFO to debt higher than 12% for
a sustained period of time.  Given our outlook for the offshore oil
and gas sector and the company's credit metrics, S&P don't
anticipate an upgrade during the next 12 months.



ERIN ENERGY: Reports $142 Million Net Loss for 2016
---------------------------------------------------
Erin Energy Corporation filed with the Securities and Exchange
Commission its annual report on Form 10-K disclosing a net loss
attributable to the Company of $142.40 million on $77.81 million of
revenues for the year ended Dec. 31, 2016, compared to a net loss
attributable to the Company of $430.93 million on $68.42 million of
revenues for the year ended Dec. 31, 2015.

As of Dec. 31, 2016, Erin Energy had $289.20 million in total
assets, $513.82 million in total liabilities and a total capital
deficiency of $224.62 million.

Pannell Kerr Forster of Texas, P.C., in Houston, Texas, issued a
"going concern" qualification on the consolidated financial
statements for the year ended Dec. 31, 2016, citing that the
Company incurred net losses in each of the years ended Dec. 31,
2016, 2015 and 2014, and as of Dec. 31, 2016, the Company's current
liabilities exceeded its current assets by $264.4 million. These
conditions, along with other matters, raise substantial doubt about
the Company's ability to continue as a going concern.

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

                       https://is.gd/PIMI8l

                        About Erin Energy

Houston, Texas-based Erin Energy Corporation is an independent oil
and gas exploration and production company focused on energy
resources in Africa.  The Company's strategy is to acquire and
develop high-potential exploration and production assets in Africa,
and to explore and develop those assets through strategic
partnerships with national oil companies, indigenous local partners
and other independent oil companies.  Erin Energy Corporation seeks
to build and operate a strategic portfolio of high-impact
exploration and near-term development projects with significant
production, reserves and resources growth potential.  The Company
has production and exploration projects offshore Nigeria, as well
as exploration licenses offshore Ghana, Kenya and Gambia, and
onshore Kenya.


ESBY CORP: Taps Ferguson Hayes Hawkins & DeMay as Counsel
---------------------------------------------------------
Esby Corporation seeks approval from the US Bankruptcy Court for
the Middle District of North Carolina, Winston-Salem Division, to
employ Brian P. Hayes as well as his law firm Ferguson, Hayes,
Hawkins & DeMay, PLLC as attorney.

The legal services will be necessary to conduct an examination of
the debtors; examine the public records as to recorded mortgages
and liens and security interests; develop a plan of reorganization
for the repayment of arrearage and/or refinance of the real
property in this case; and other legal matters which may arise.

Brian P. Hayes attests that neither he nor any members of the firm
have any connection with Debtors, the creditors, or any other party
in interest, or their respective attorneys, and they represent no
interest adverse to the Debtors, or the estate in the matters upon
which they are to be engaged.

The Firm can be reached through:

     Brian P. Hayes, Esq.
     FERGUSON HAYES HAWKINS & DEMAY PLLC
     45 Church Street South
     P.O. Box 444
     Concord, NC 28026-0444
     Tel: (704) 788-3211

                               About Esby Corporation

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


ESHNAM HOSPITALITY: Taps Eric A. Liepins P.C. as Counsel
--------------------------------------------------------
Eshnam Hospitality Inc seek approval from the US Bankruptcy Court
for the Northern District of Texas, Dallas Division, to employ Eric
A. Liepins and the law firm of Eric A. Liepins, P.C. as counsel.

Eric A. Liepins and the Firm have been chosen by Debtor in that
they are experienced in bankruptcy matters and have represented
individuals and companies in numerous proceedings before this Court
and other bankruptcy courts.

Eric A. Liepins attests that the Firm does not presently or hold or
represent any interest adverse to the interest of the Debtor or
this Estate and is disinterested within the meaning of 11 U.S.C.
Section 101(14).

Compensation to be paid to the Firm are:

     Eric A. Liepins                 $275.00 per hour
     Paralegals and Legal Assistants $30.00-50.00 per hour

The Firm can be reached through:

     Eric A. Liepins, Esq.
     ERIC A. LIEPINS P.C.
     12770 Coit Road, Suite 1100
     Dallas, TX 75251
     Tel: (972) 991-5591
     Fax: (972) 991-5788

                            About Eshnam Hospitality, Inc.

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


ESP PETROCHEMICALS: Sale of All Assets to Encore for $2.62M Okayed
------------------------------------------------------------------
Judge David R. Jones of the U.S. Bankruptcy Court for the Southern
District of Texas authorized the quick sale by ESP Petrochemicals,
Inc. (ESPP) and ESP Resources, Inc. (ESPI) of substantially all of
ESPP's physical assets to Encore Chemical Solutions, LLC for
$2,624,000.

The Asset Purchase Agreement and all of the terms and conditions
thereof, is approved.  The Debtors are authorized and directed to
consummate the Sale, pursuant to and in accordance with the terms
and conditions of the Asset Purchase Agreement.

The Debtors are authorized and directed to assume and assign to
Buyer, effective upon the Closing of the Sale, the executory
contracts and unexpired leases being assigned pursuant to the Asset
Purchase Agreement, including the Assumed Contracts and Assumed
Liabilities, free and clear of all Interests of any kind or nature
whatsoever.

Within 14 days of Closing, the Buyer will pay the aggregate
outstanding balance owed to Ford Motor Credit, estimated at $9,088
if paid by March 31, 2017, with respect to these vehicles:

    a. 2011 Ford F350 with VIN ending in 8284, payoff through
3-31-17 = $3,395, account xxxx8086;

    b. 2011 Ford F150 with VIN ending in 7461, payoff through
3-31-17 = $1,463, account xxxx4624;

    c. 2011 Ford F150 with VIN ending in 0032, payoff through
3-31-17 = $2,096, account xxxx4625; and

    d. 2011 Ford F150 with VIN ending in 8291, payoff through
3-31-17 = $2,135, account xxxx4639.

As provided by Federal Rules of Bankruptcy Procedure 6004(g) and
6006(d), the Sale Order will not be stayed for 14 days after the
entry of the Sale Order and will be effective and enforceable
immediately upon its entry.

Within 30 days after entry of the Sale Order and subsequent to the
Closing and transition of Assets to the Buyer, the Debtors will
file with the Court a notice of occurrence of the sale closing and
transfer of assets and will request to convert these cases Chapter
7.

As provided in the Asset Purchase Agreement, after Closing and
conversion of these cases to Chapter 7, the Buyer will remit to the
duly appointed Chapter 7 Trustee, the sum of $25,000.

To the extent not paid prior to conversion of the Bankruptcy Case
to Chapter 7, the Buyer will be responsible for payment of
remaining allowed unpaid professional fees for Hoover Slovacek,
Debtors' counsel, Charles Johnson, Chief Restructuring Officer, and
Patrick Devine, counsel for Official Committee of Unsecured
Creditors in the aggregate amount of $25,000.  The Buyer's right to
object to the allowance of any professional fees asserted is
preserved.

Upon Closing, the Escrow Agent may disburse payment of professional
fees to the extent they have already been allowed under previous
Court order or in accordance with the interim fee procedures order
approved by the Court at docket number 141.

The Escrow Agent will not disburse any proceeds or funds received
from the Buyer without consent from Amerisource or further Court
order.

                     About ESP Resources

Lafayette, Louisiana-based ESP Resources, Inc. is a manufacturer,
distributor and marketer of specialty chemicals and supply
specialty chemicals for a range of oil and gas field applications,
including killing bacteria, separating suspended water and other
contaminants from crude oil and separating oil from gas.  The
company also offers analytical services and custom-blended
chemicals for oil and gas wells.

ESP Resources, Inc., and its affiliate ESP Petrochemicals, Inc.
filed chapter 11 petitions (Bankr. S.D. Tex. Case Nos. 16-60021
and
16-60020) on March 10, 2016.  The cases are jointly administered
under Case No. 16-60020.  The petitions were signed by David A.
Dugas, chief executive officer.  The cases are assigned to Judge
David R. Jones.  The Debtors are represented by Melissa Anne
Haselden, Esq., and Edward L Rothberg, Esq., at Hoover Slovacek
LLP.

ESP Resources disclosed assets of $4.08 million and debt of $9.55
million.  ESP Petrochemicals, Inc. estimated both assets and
liabilities in the range of $1 million to $10 million.


ETERNAL ENTERPRISE: Can Use Hartford Holdings Cash Collateral
-------------------------------------------------------------
Judge Ann M. Nevins of the U.S. Bankruptcy Court for the District
of Connecticut authorized Eternal Enterprise, Inc., to use cash
collateral.

The Debtor was authorized to use up to $15,203 of cash collateral
in order to pay A.D. Property Management for security services
provided at the Debtor's property located at 270 Laurel Street,
Hartford CT during the month of December 2016.

Judge Nevins acknowledged that a fire occurred at the property,
resulting in severe damage and that the Debtor had an advance on
insurance proceeds, which constitute the cash collateral of
Hartford Holdings, LLC.

Hartford Holdings, LLC consents to the Debtor's use of its cash
collateral.

A full-text copy of the Order, entered on March 8, 2017, is
available at
https://is.gd/BSXpAf

                       About Eternal Enterprise

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

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

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

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

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


EVEREST HOLDINGS: S&P Cuts Rating to CCC+ on Weak Capital Structure
-------------------------------------------------------------------
S&P Global Ratings downgraded Everest Holdings LLC to 'CCC+' from
'B-'.  The outlook remains negative.

At the same time, S&P lowered the issue-level rating on the
company's senior secured bank loan to 'CCC' from 'CCC+'.  The
recovery rating remains '5', indicating S&P's expectation for
modest recovery (10% - 15%; rounded estimate: 10%).

"The downgrade reflects our view that Everest's financial
commitments are unsustainable in the long term, regardless of the
fact that the company does not face any significant maturities
within the next 12 months," said credit analyst Fernanda Hernandez.
"Overall, we believe Eddie Bauer's consistently weak sales trends
and contracted free operating cash flow makes the company fully
dependent on the availability of its asset-based lending (ABL)
facility in the coming year."

The negative outlook reflects S&P's view that further deterioration
of Everest's operating and financial performance could lead to
higher use of the company's ABL to more than 90%. This would
trigger the company's interest coverage covenant of 1 to 1, under
which it is currently incompliant.  Under S&P's base-case
assumptions, this scenario could occur in 2018.  The negative
outlook incorporates S&P's expectation for the fixed-charge
coverage to remain below 1.0x, debt to EBITDA above 10x, and FFO to
debt below 2%, over the next 12 months.  At this point, S&P
believes the company's capital structure is unsustainable and that
Everest is fully dependent upon the use of its revolver.

S&P could lower the ratings to the 'CC' category at any time during
the next 12 months if S&P believes an operating recovery is
unlikely, resulting in sustained negative free cash flow (perhaps
as a result of mid- to high-single-digit revenue decline or further
pressure on EBITDA margins).  Under this scenario, S&P believes
Everest's will be highly vulnerable to non-payment on its senior
term loan and/or ABL.

S&P could revise the outlook back to stable if Everest can achieve
a sustained recovery in sales during 2017.  This could result from
double-digit revenue growth, such that EBITDA margins expand toward
15% and free cash flow turns positive, which would broaden the
company's liquidity headroom.


EXCO RESOURCES: Oaktree Capital Reports 10.9% Stake as of March 15
------------------------------------------------------------------
Oaktree Capital Management, L.P. (formerly Oaktree Capital
Management, LLC) disclosed in an amended Schedule 13D filed with
the Securities and Exchange Commission that as of March 15, 2017,
it beneficially owns 30,859,932 shares of common stock of Exco
Resources, Inc. representing 10.9 percent of the shares
outstanding.  Also included in the regulatory filing are:

                                     Shares      Percentage
                                   Beneficially      of
Name                                 Owned        Shares
----                              ------------  ----------
OCM Principal Opportunities          8,578,259       3%
Fund IV Delaware, L.P.

OCM Principal Opportunities          8,578,259       3%
Fund IV Delaware GP Inc.

OCM Principal Opportunities          8,578,259       3%
Fund IV, L.P.

OCM Principal Opportunities          8,578,259       3%
Fund IV GP, L.P.

OCM Principal Opportunities          8,578,259       3%
Fund IV GP Ltd.

OCM Principal Opportunities          1,357,775      0.5%
Fund III, L.P.

OCM Principal Opportunities            109,557      0.0%
Fund IIIA, L.P.

OCM Principal Opportunities          1,381,082      0.5%
Fund III GP, L.P.

Oaktree Fund GP I, L.P.             11,123,091      3.9%

Oaktree Capital I, L.P.             11,123,091      3.9%

OCM Holdings I, LLC                 11,123,091      3.9%

Oaktree Holdings, LLC               11,123,091      3.9%

OCM EXCO Holdings, LLC              19,823,091      7.0%

Oaktree Holdings, Inc.              30,859,932     10.9%



Oaktree Capital Group, LLC          30,859,932     10.9%

Oaktree Capital Group Holdings      30,859,932     10.9%
GP, LLC

Oaktree Value Opportunities          1,336,250      0.4%
Fund Holdings, L.P.

Oaktree Value Opportunities          1,336,250      0.4%
Fund GP, L.P.

Oaktree Value Opportunities          1,336,250      0.4%
Fund GP Ltd.

On March 15, 2017, in connection with certain refinancing
transactions, Exco Resources issued to certain of the Reporting
Persons Warrants representing the right to purchase an aggregate of
42,473,119 shares of Common Stock and entered into the 1.75 Lien
Term Loan Credit Agreement with certain of the Reporting Persons.
Subject to certain exceptions, no Oaktree Warrants may be exercised
unless and until the Issuer receives the Requisite Shareholder
Approval.  In addition, subject to certain exceptions and
limitations, the Oaktree Warrants may not be exercised if, as a
result of such exercise, the beneficial ownership of such holder of
such Oaktree Warrant or its affiliates and any other person subject
to aggregation with such holder or its affiliates under Section
13(d) and Section 14(d) of the Exchange Act would exceed the
Beneficial Ownership Limitation.

Each of the Oaktree Warrants has an exercise term of 5 years from
the date that the Requisite Shareholder Approval is obtained and
may be exercised by cash or cashless exercise, provided that the
Issuer may require cashless exercise if the cash exercise of any
Oaktree Warrant would negatively impact the Issuer's ability to
utilize net operating losses for U.S. federal income tax purposes.
The Oaktree Warrants are subject to an anti-dilution adjustment in
the event that the Issuer issues shares of Common Stock or Common
Stock equivalents at an effective price per share less than the
applicable exercise price of the Oaktree Warrants.  In addition,
the Oaktree Warrants are subject to customary anti-dilution
adjustments in the event of stock splits, dividends, subdivisions,
combinations, reclassifications and other similar events.
As part of the refinancing transactions, certain of the Reporting
Persons entered into the 1.75 Lien Term Loan Credit Agreement with
the Issuer and other parties.  Pursuant to the 1.75 Lien Term Loan
Credit Agreement, interest accrues at a cash interest rate of 12.5%
per annum and interest will be payable March 20, June 20, September
20 and December 20 of each year, commencing on June 20, 2017.
Under the terms of the 1.75 Lien Term Loan Credit Agreement, the
Issuer may, at its discretion prior to Dec. 31, 2018, and subject
to certain limitations thereafter, make PIK interest payments on
the 1.75 Lien Term Loans in shares of its Common Stock or in
issuances of additional 1.75 Lien Term Loans at a PIK interest rate
of 15% per annum.  Under the 1.75 Lien Term Loan Credit Agreement,
the price of the Issuer's Common Stock for determining PIK payments
is based on the trailing 20-day volume weighted average price as at
the end of the Determination Date. The Issuer's ability to make PIK
payments in Common Stock under the 1.75 Lien Term Loans is subject
to various conditions, including that the Issuer shall have
received the Requisite Shareholder Approval and the Beneficial
Ownership Limitation.
Simultaneously with the closing of the refinancing transactions,
the Issuer entered into the Registration Rights Agreement with
certain of the Reporting Persons and other parties, pursuant to
which the Issuer agreed, upon certain terms and conditions, to
register the resale of the Common Stock underlying the Oaktree
Warrants by Sept. 10, 2017 (or, if the Issuer has not obtained the
Requisite Shareholder Approvals by that date, within 30 days of
obtaining the Requisite Shareholder Approvals).  In addition, the
Registration Rights Agreement provides certain incidental
"piggy-back" registration rights, which generally allow the holders
of the Oaktree Warrants to participate in registered offerings of
the Issuer's Common Stock that are initiated by the Issuer or on
behalf of other holders of the Issuer's securities.

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

                      https://is.gd/bLRgS2

                          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.

                           *    *    *

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."

The TCR reported on March 20, 2017, that S&P Global Ratings lowered
its corporate rating on EXCO Resources Inc. to 'SD' from 'CCC+'.
"The downgrade follows EXCO's recent announcement that it has
closed on the exchange of $683 million principal amount of the
company's second-lien secured term loans for 1.75-lien term loans
with an option to meet interest obligations with cash, common
equity or additional 1.75-lien terms loans.  The company is also
issuing $300 million of new 1.5-lien debt," said S&P Global Ratings
credit analyst Alex Vargas.  "We expect the company to use proceeds
to repay borrowings under Exco's credit facility, which is being
reduced to $150 million," he added.


FANSTEEL INC: U.S. Trustee Unable to Appoint Committee
------------------------------------------------------
The U.S. trustee for Region 12 announced that the nine-member
unsecured creditors' committee of Fansteel, Inc. will no longer
serve as the official committee in the company's Chapter 11 case.

The bankruptcy watchdog added that it will be reconstituted as the
official committee of unsecured creditors in the Chapter 11 cases
of Wellman Dynamics Corp. and Wellman Dynamics Machinery &
Assembly, Inc.

In a separate filing, the U.S. trustee disclosed that a new
creditors' committee has not yet been appointed in Fansteel's
bankruptcy case as of March 22.

                          About Fansteel

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

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

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

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


FILL IT UP: Seeks to Hire Freeland Martz as Special Counsel
-----------------------------------------------------------
Fill It Up, LLC seeks approval from the U.S. Bankruptcy Court for
the Northern District of Mississippi to hire Freeland Martz, PLLC.

The Debtor tapped the firm as special counsel to pursue its claim
against Southern Thunder Harley-Davidson.  The hourly rates charged
by the firm are:

     Partners                $230
     Associates              $150
     Paralegal/Law Clerk     $120

J. Hale Freeland, Esq., disclosed in a court filing that the firm
does not hold or represent any interest adverse to the Debtor's
bankruptcy estate.

The firm can be reached through:

     J. Hale Freeland, Esq.
     Freeland Martz, PLLC
     302 Enterprise Drive, Suite A
     Oxford, MS 38655
     Phone: (844) 671-1711/(662) 234-1711 x 10
     Email: Hale@FreelandMartz.com

                       About Fill It Up LLC

Based in Olive Branch, Mississippi, Fill It Up, LLC sought
protection under Chapter 11 of the Bankruptcy Code (Bankr. N.D.
Miss. Case No. 16-11448) on April 27, 2016.  The petition was
signed by Steven P. Beene, managing member.  The case is assigned
to Judge Jason D. Woodard.

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

The Debtor is represented in the case by:

     Robert Gambrell, Esq.
     Gambrell & Associates, PLLC
     101 Ricky D. Britt Blvd., Suite 3
     Oxford, MS 38655
     Phone: (662)281-8800  
     Fax: (662)202-1004
     Email: rg@ms-bankruptcy.com


FIRESTORM EMERGENCY: Taps Larson & Zirzow as Legal Counsel
----------------------------------------------------------
Firestorm Emergency Services Ltd. seeks approval from the U.S.
Bankruptcy Court for the District of Nevada to hire legal counsel.

The Debtor proposes to hire Larson & Zirzow, LLC to assist in the
preparation of a plan of reorganization, prosecute actions to
protect its bankruptcy estate, and provide other legal services
related to its Chapter 11 case.

The hourly rates charged by the firm for the services of its
attorneys range from $400 to $500.  Paraprofessionals charge $175
per hour.

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

The firm can be reached through:

     Zachariah Larson, Esq.
     Matthew C. Zirzow, Esq.
     Larson & Zirzow, LLC
     850 E. Bonneville Ave.
     Las Vegas, NV 89101
     Tel: (702) 382-1170
     Fax: (702) 382-1169
     Email: zlarson@lzlawnv.com
     Email: mzirzow@lzlawnv.com

               About Firestorm Emergency Services

Firestorm Emergency Services Ltd. is involved in radio direction
finding technology and provides RDF tools to search and rescue
teams.

The Debtor sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. D. Nev. Case No. 17-10890) on February 28, 2017.  The
petition was signed by Murray Craig, director.  

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


FITNESS INT'L: S&P Raises Ratings on 3 Loans Due 2020 to 'BB-'
--------------------------------------------------------------
S&P Global Ratings raised its issue-level ratings on U.S. fitness
club operator Fitness International LLC's term loan B due July
2020, revolving credit facility due April 2020, and term loan A due
April 2020 to 'BB-' from 'B+' and revised the recovery rating to
'2' from '3'.  The '2' recovery rating reflects S&P's expectation
for substantial (70% to 90%; rounded estimate: 70%) recovery for
lenders in the event of a payment default.  The company is seeking
an amendment to its credit agreement to reduce pricing on its
existing term loan B, and plans to prepay
$100 million of the term loan B using revolver borrowings.  The
prepayment will reduce the outstanding amount of the term loan B to
$1,031 million.

This transaction will improve recovery prospects for secured
lenders because there will be less secured debt outstanding in our
simulated default scenario as a result of the term loan prepayment.
S&P already assumes that the revolver will be 85% drawn at the
point of hypothetical default.

The 'B+' corporate credit rating is unchanged.  Although the
reduction in interest expense would modestly improve interest
coverage, the transaction is leverage neutral, and S&P's base-case
forecast for credit measures is largely unchanged.

                        RECOVERY ANALYSIS

Key Analytical Factors

   -- S&P's simulated default scenario contemplates a payment
      default in 2021, reflecting continued weak operating
      performance because of greater competitive pressures, the
      inability to successfully reposition existing clubs, and
      increased operating expenses.

Simplified Waterfall

   -- Emergence EBITDA: $227 mil.
   -- Multiple: 5.5x
   -- Gross recovery value: $1,246 mil.
   -- Net recovery value for waterfall after admin. expenses (5%):

      $1,184 mil.
   -- Obligor/nonobligor valuation split: 100%/0%
   -- Estimated first-lien debt: $1,580 mil.
   -- Value available for first-lien claim: $1,184 mil.
      -- Recovery expectation: 70%-90% (rounded estimate: 70%)

RATINGS LIST

Fitness International LLC
Corporate Credit Rating           B+/Stable/--

Upgraded; Recovery Ratings Revised

Fitness International LLC
                                   To            From
Senior Secured                    BB-           B+
  Recovery Rating                  2(70%)        3(65%)


FOLTS HOME: Hires CohnReznick Capital as Investment Banker
----------------------------------------------------------
Folts Home and Folts Adult Home, Inc. seek authorization from the
U.S. Bankruptcy Court for the Northern District of New York to
employ CohnReznick Capital Markets Securities, LLC as investment
banker, nunc pro tunc to March 7, 2017.

The Debtors require CohnReznick to:

   (a) evaluate the businesses, operations and financial positions

       of the Debtors;

   (b) assemble the financial, operational and historic
       information and the establishment of a virtual data room
       containing due diligence materials to be used by
       prospective Bidders;

   (c) prepare the Confidential Information Memorandum and other
       written materials to be distributed to prospective Bidders;

   (d) direct and coordinate due diligence;

   (e) assist the Debtors in establishing criteria for potential
       Bidders, identifying, screening and ranking prospective
       Bidders, and evaluating proposals received from potential
       Bidders, including managing the auction process if
       necessary;

   (f) counsel the Debtors on negotiations with Bidders and their
       advisors;

   (g) provide regular reporting to the Debtors, their secured
       creditors and the Official Committee of Unsecured
       Creditors, if one is appointed, on the status and progress
       of the sale process;

   (h) assist the Debtors and their other advisors through the
       closing process; and

   (i) advise the Debtors on other matters that may arrive from
       time to time during the Retention Agreement.

As set forth more fully in the Agreement, and subject in its
entirety to the terms set forth in the Agreement, CohnReznick has
agreed to accept a retainer of $25,000, payable by $12,500 upon the
execution of the Retainer Agreement, and the balance payable on or
before March 25, 2017, as well as a transaction improvement fee
equal to 9.5% of all Consideration received in connection with the
sale of the Debtors' assets in excess of the $9,750,000 stalking
horse price.

In addition to the Retainer and the Transaction Improvement Fee,
subject to approval of this Court and the terms of the Agreement;
CohnReznick will charge the Debtors for its reasonable and
customary out-of-pocket expenses incurred in connection with the
transaction, including the use of data base services, provided that
any expenses in excess of $7,500 shall require the prior written
approval of the Debtors.

Jeffrey R. Manning, managing director of CohnReznick, assured the
Court that the firm is a "disinterested person" as the term is
defined in Section 101(14) of the Bankruptcy Code and does not
represent any interest adverse to the Debtor and its estate.

CohnReznick can be reached at:

       Jeffrey R. Manning
       COHNREZNICK CAPITAL
       MARKETS SECURITIES, LLC
       500 East Pratt Street, Suite 200
       Baltimore, MD 21202

                          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
Feb. 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.


FREMAK INDUSTRIES: Increased Arbitration Fee Payment to ICC Okayed
------------------------------------------------------------------
Judge Sean H. Lane of the U.S. Bankruptcy Court for the Southern
District of New York authorized Fremak Industries, Inc.'s payment
of the increased arbitration fees and costs owed to the
International Court of Arbitration at the International Chamber of
Commerce in connection with the Fremak Arbitration.

On Jan. 15, 2015, the Debtor filed Fremak Arbitration seeking,
among other things, to: (i) recover damages for ISMT's manufacture
and sale of substandard steel; and (ii) a declaration that to the
extent that any party proves that ISMT, Ltd., has supplied sub
grade steel to any customer of the Debtor which proves to be below
grade, then ISMT owes the Debtor complete indemnity from any
claims.

On March 7, 2017, counsel representing the Debtor in the Fremak
Arbitration informed Debtor's bankruptcy counsel that the ICC had
readjusted its fees due to its determination that the amount in
controversy is now $8,000,000.  Under the readjusted costs due to
the ICC, the Debtor owes $70,000 ("Increased Arbitration Fee") and
ISMT owes $70,000.  The ICC will not render a Final Award until the
Debtor (and ISMT) pays the Increased Arbitration Fee.

                   About Fremak Industries, Inc.

Fremak Industries, Inc., based in New York, filed a Chapter 11
bankruptcy petition (Bankr. S.D.N.Y. Case No. 15-11740) on July 1,
2015.  The Hon. Sean H. Lane presides over the case.  The petition
was signed by Leon Goldenberg, president.  In its petition, the
Debtor estimated $1 million to $10 million in both assets and
liabilities.

The Debtor is currently acting as a debtor-in-possession pursuant
to Section 1107 of the Bankruptcy Code.

David L. Barrack, Esq., at Polsinelli PC, serves as the Debtor's
counsel.

On Oct. 21, 2016, Angela Tese-Milner, Esq., was appointed as
examiner.


GAGAN OIL: Has Court's Interim Nod to Use Cash Collateral
---------------------------------------------------------
The Hon. Michael B. Kaplan of the U.S. Bankruptcy Court for the
District of New Jersey has granted Gagan Oil, LLC, interim
permission to use cash collateral to pay actual expenses of the
Debtor necessary to (a) maintain and preserve its assets, and (b)
continue operation of its business by paying quarterly fees to the
U.S. Trustee and paying necessary operating expenses in the
ordinary course, including without limitation, inventory purchases,
employee payroll, taxes, and insurance.

On Feb. 27, 2017, the Debtor sought the Court's authorization to
use the cash collateral.  The Debtor sought to use up to its
inventory purchases plus $20,000 per month of its cash earnings to
pay its necessary operating expenses.  COGS is a variable cost but
the
Debtor estimates that it will be approximately $180,000 in March
and more than $200,000 in April.

The Court finds that the Debtor does not have sufficient
unencumbered cash or other assets with which to continue to operate
its business in Chapter 11.  The Debtor requires immediate
authority to use cash collateral as defined herein in order to
continue its business operations without interruption toward the
objective of formulating an effective plan of reorganization.  The
Debtor's use of cash collateral is necessary to avoid immediate and
irreparable harm to the estate pending a final hearing.

As of the Petition Date, American Express claims a debt owed to it
by the Debtor for which it has filed a UCC financing statement
covering collateral which constitutes cash collateral.  Amex at
least prima facie appears to have a properly perfected lien on the
Debtor's property (including proceeds) at the commencement of the
case.  The Debtor has no reason to dispute the perfection, validity
and priority of Amex's lien but has not seen the underlying
security agreement and reserves its rights with regard thereto.

As adequate protection for use of cash collateral, Amex is granted
a replacement perfected security interest under Section 361(2) of
the Bankruptcy Code to the extent cash collateral is used by the
Debtor, to the extent and with the same priority in the Debtor's
post-petition collateral, and proceeds thereof, that Amex held in
the Debtor's pre-petition collateral.  The replacement lien and
security interest granted is automatically deemed perfected upon
entry of this Order without the necessity of the secured parties
taking possession, filing additional notices of tax liens,
financing statements, mortgages or other documents.  In the event
Debtor defaults or violates the court order, the secured parties
are entitled to request a hearing within ten days (or if immediate
and irreparable injury, loss or damage may occur, and emergency
hearing within 48 hours).

                         About Gagan Oil

Gagan Oil, LLC, owns and operates a gas station at 5004 State Route
33, Farmingdale, New Jersey 07727-3620.  The Debtor's assets
consist of the real property from which it operates, equipment such
as tanks and pumps, and inventory, which is constantly being sold
and replaced.

Gagan Oil filed for Chapter 11 bankruptcy protection (Bankr. D.N.J.
Case No. 17-11895) on Jan. 31, 2017.  The Debtor is represented
by:

     Timothy P. Neumann, Esq.
     Broege, Neumann, Fischer & Shaver, LLC
     25 Abe Voorhees Drive
     Manasquan, New Jersey 08736
     Tel: (732) 223-8484
     E-mail: tneumann@bnfsbankruptcy.com


GANDER MOUNTAIN: Committee Taps Barnes & Thornburg as Counsel
-------------------------------------------------------------
The official committee of unsecured creditors of Gander Mountain
Company and Overton's Inc. seeks approval from the U.S. Bankruptcy
Court for the District of Minnesota to hire Barnes & Thornburg
LLP.

Barnes & Thornburg will serve as co-counsel with Lowenstein Sandler
LLP, another firm tapped by the committee to be its bankruptcy
counsel.   

The services to be provided by Barnes & Thornburg include:

     (a) consulting with the Debtor and the Office of the U.S.
         Trustee regarding administration of the Debtors' cases;

     (b) advising the committee regarding its rights, power, and
         duties;

     (c) investigating the acts, conduct, assets, liabilities, and

         financial condition of the Debtors;

     (d) assisting the committee in analyzing the Debtors'
         relationships with their creditors, equity interest
         holders, employees, and other parties;

     (e) assisting the committee in matters related to the claims
         of other creditors;

     (f) requesting the appointment of a trustee or examiner in    
  
         instances where the committee deems such action
         appropriate;

     (g) advising the committee in connection with any proposed
         sale of assets;

     (h) assisting the committee in preparing court papers;

     (i) prosecuting litigation on behalf of the committee in      
   
         connection with issues including avoidance actions,
         fraudulent conveyances, and lender liability;

     (j) representing the committee at hearings and other
         proceedings;

     (k) reviewing and analyzing applications, orders, statements
         of operations, and schedules filed with the court and
         advising the committee regarding those materials;

     (l) aiding and enhancing the committee's participation in
         formulating a plan; and

     (m) assisting the committee in advising unsecured creditors
         of its decisions.

The hourly rates of attorneys expected to represent the committee
are:

     Connie Lahn           $565
     Peter Clark           $660
     Christopher Knapp     $405
     Roger Maldonado       $345

Connie Lahn, Esq., disclosed in a court filing that the firm does
not hold or represent any interest adverse to the Debtors and their
bankruptcy estates.

In accordance with Appendix B-Guidelines for reviewing fee
applications filed by attorneys in larger Chapter 11 cases, Ms.
Lahn disclosed that the firm did not agree to any variations from
or alternatives to its customary billing arrangements in connection
with its employment.

Ms. Lahn also disclosed that the firm will deliver to the Debtors a
prospective budget and staffing plan for the period March 10 to
July 1, 2017, and will continue to work with them on the plan.

Barnes & Thornburg can be reached through:

     Connie Lahn, Esq.
     Christopher Knapp, Esq.
     Roger Maldonado, Esq.
     Barnes & Thornburg LLP
     2800 Capella Tower
     225 South Sixth Street
     Minneapolis, MN 55402-4662
     Tel: (612) 333-2111
     Fax: (612) 333-6798
     Email: Connie.Lahn@btlaw.com
     Email: Christopher.Knapp@btlaw.com
     Email: Roger.Maldonado@btlaw.com

                      About Gander Mountain

Gander Mountain Company operates outdoor specialty stores dedicated
for shooting sports, hunting, fishing, camping, marine, apparel,
footwear, and outdoor lifestyle products.  Its subsidiary
Overton's, Inc. is a catalog and internet retailer of products for
the recreational boater and other water sports enthusiasts at
http://www.Overtons.com/

Gander Mountain and Overton's sought protection under Chapter 11 of
the Bankruptcy Code (Bankr. D. Minn. Case Nos. 17-30673 and
17-30675) on March 10, 2017.  The petitions were signed by Timothy
Becker, Executive VP of Lighthouse Management Group, Inc., as CRO.

The cases are assigned to Judge Michael E. Ridgway.

At the time of the filing, the Debtor estimated its assets and
debts at $500 million to $1 billion.  

The Debtors' advisors in the restructuring are Fredrikson & Byron,
PA, which serves as legal counsel; Lighthouse Management Group,
chief restructuring officer; Hilco Real Estate LLC, real estate
advisor; and Faegre Baker Daniels LLP, special corporate counsel.
Donlin, Recano & Company Inc. is the Debtors' claims, noticing and
balloting agent.

On March 13, 2017, the Office of the U.S. Trustee appointed an
official committee of unsecured creditors.


GANDER MOUNTAIN: Committee Taps Lowenstein as Counsel
-----------------------------------------------------
The official committee of unsecured creditors of Gander Mountain
Company and Overton's Inc. seeks approval from the U.S. Bankruptcy
Court for the District of Minnesota to hire Lowenstein Sandler
LLP.

Lowenstein will serve as co-counsel with Barnes & Thornburg LLP,
another firm tapped by the committee to be its bankruptcy counsel.


The services to be provided by Lowenstein include:

     (a) advising the committee regarding its rights, duties, and
         powers in the Debtors' Chapter 11 cases;

     (b) assisting the committee in its consultations with the
         Debtors;

     (c) assisting the committee in analyzing the claims of
         creditors and the Debtors' capital structure, and in
         negotiating with holders of claims and equity interests;

     (d) assisting the committee in its investigation of the acts,

         conduct, assets, liabilities, and financial condition of
         the Debtors and of the operation of their businesses;

     (e) assisting the committee in its investigation of the liens

         and claims of holders of the Debtors' pre-bankruptcy debt

         and the prosecution of any claims or causes of action
         revealed by such investigation;

     (f) assisting the committee in its analysis of, and
         negotiations with, the Debtors or any third party
         concerning matters related to, among other things, asset
         disposition, sale of assets, and the terms of a plan of
         reorganization;

     (g) advising the committee as to its communications to
         unsecured creditors regarding significant matters in the
         cases;

     (h) representing the committee at hearings and other
         proceedings;

     (i) reviewing and analyzing applications, orders, statements
         of operations, and schedules filed with the court; and

     (j) assisting the committee in preparing court papers.

The hourly rates charged by the firm are:

     Partners           $575 - $1,150
     Senior Counsel       $405 - $700
     Counsel              $405 - $700
     Associates           $300 - $575
     Paralegals           $115 - $300

The hourly rates of professionals expected to represent the
committee are:

     Jeffrey Cohen     $850
     Keara Waldron     $465
     Barry Bazian      $400
     Diane Claussen    $240

Jeffrey Cohen, Esq., disclosed in a court filing that his firm does
not hold or represent any interest adverse to the Debtors and their
bankruptcy estates.

In accordance with Appendix B-Guidelines for reviewing fee
applications filed by attorneys in larger Chapter 11 cases, Mr.
Cohen disclosed that the firm did not agree to any variations from
or alternatives to its customary billing arrangements in connection
with its employment.

Mr. Cohen also disclosed that the firm will deliver to the Debtors
a prospective budget and staffing plan for the period March 10 to
July 1, 2017, and will continue to work with the committee on the
plan.

Lowenstein can be reached through:

     Jeffrey Cohen
     Lowenstein Sandler LLP
     1251 Avenue of the Americas
     New York, NY 10020
     Tel: 212-419-5868/212-262-6700
     Fax: 973-597-2400/212-262-7402
     Email: jcohen@lowenstein.com

                      About Gander Mountain

Gander Mountain Company operates outdoor specialty stores dedicated
for shooting sports, hunting, fishing, camping, marine, apparel,
footwear, and outdoor lifestyle products.  Its subsidiary
Overton's, Inc. is a catalog and internet retailer of products for
the recreational boater and other water sports enthusiasts at
http://www.Overtons.com/

Gander Mountain and Overton's sought protection under Chapter 11 of
the Bankruptcy Code (Bankr. D. Minn. Case Nos. 17-30673 and
17-30675) on March 10, 2017.  The petitions were signed by Timothy
Becker, Executive VP of Lighthouse Management Group, Inc., as CRO.

The cases are assigned to Judge Michael E. Ridgway.

At the time of the filing, the Debtor estimated its assets and
debts at $500 million to $1 billion.  

The Debtors' advisors in the restructuring are Fredrikson & Byron,
PA, which serves as legal counsel; Lighthouse Management Group,
chief restructuring officer; Hilco Real Estate LLC, real estate
advisor; and Faegre Baker Daniels LLP, special corporate counsel.
Donlin, Recano & Company Inc. is the Debtors' claims, noticing and
balloting agent.

On March 13, 2017, the Office of the U.S. Trustee appointed an
official committee of unsecured creditors.


GLOBAL UNIVERSAL: Taps Spence Law Office as Legal Counsel
---------------------------------------------------------
Global Universal Group Ltd. seeks approval from the U.S. Bankruptcy
Court for the Eastern District of New York to hire legal counsel in
connection with its Chapter 11 case.

The Debtor proposes to hire Spence Law Office, P.C. to give legal
advice regarding its duties under the Bankruptcy Code, negotiate
with creditors, assist in formulating a plan of reorganization, and
provide other legal services.

The hourly rates charged by the firm are:

     Partners              $450
     Associates     $325 - $475
     Of Counsel     $325 - $475
     Paralegals            $100

Robert Spence, Esq. disclosed in a court filing that his firm does
not represent any interest adverse to the Debtor or its bankruptcy
estate.

The firm can be reached through:

     Robert J. Spence, Esq.
     Spence Law Office, P.C.
     55 Lumber Road, Suite 5
     Roslyn, New York 11576
     Tel: (516) 336-2060

                About Global Universal Group Ltd.

Based in Flushing, New York, Global Universal Group Ltd. sought
protection under Chapter 11 of the Bankruptcy Code (Bankr. E.D.N.Y.
Case No. 17-40473) on February 2, 2017.  The petition was signed by
David Wong, president.  The case is assigned to Judge Nancy Hershey
Lord.

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

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


GORDMANS STORES: Hires Epiq Bankruptcy as Solicitation Agent
------------------------------------------------------------
Gordmans Stores, Inc. and its debtor-affiliates seek authorization
from the U.S. Bankruptcy Court for the District of Nebraska to
employ Epiq Bankruptcy Solutions, LLC as notice, claims and
solicitation agent, nunc pro tunc to March 13, 2017.

The Debtors require Epiq to:

   (a) prepare and serve required notices and documents in these
       chapter 11 cases in accordance with the Bankruptcy Code and

       the Bankruptcy Rules in the form and manner directed by the

       Debtors and/or the Court, including (i) notice of the
       commencement of these chapter 11 cases and the initial
       meeting of creditors under section 341(a) of the Bankruptcy

       Code, (ii) notice of any claims bar date, (iii) notices of
       objections to claims and objections to transfers of claims,

       (iv) notices of hearings on motions filed by the Office of
       the United States Trustee for the District of Nebraska, (v)

       notices of transfers of claims, (vi) notices of any
       hearings on a disclosure statement and confirmation of the
       Debtors' plan or plans of reorganization, including under
       Bankruptcy Rule 3017(d), (vii) notice of the effective date

       of any plan, and (viii) all other notices, orders,
       pleadings, publications, or other documents as the Debtors
       or Court may deem necessary or appropriate for an orderly
       administration of these chapter 11 cases;

   (b) maintain an official copy of the Debtors' schedules of
       assets and liabilities and statements of financial affairs,

       listing the Debtors' known creditors and amounts owed
       thereto;

   (c) maintain (i) a list of all potential creditors, equity
       holders, and other parties in interest and (ii) a "core"
       mailing list consisting of all parties described in
       Bankruptcy Rule 2002(i), (j), and (k) and those parties
       that have filed a notice of appearance pursuant to
       Bankruptcy Rule 9010 and updating and making said lists
       available upon request by a party in interest or the Clerk;


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

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

   (f) for all notices, motions, orders, or other pleadings or
       documents served, prepare and file or causing to be filed
       with the Clerk an affidavit or certificate of service
       within 7 business days of service which includes (i) either

       a copy of the notice served or the docket numbers and
       titles of the pleadings served, (ii) a list of persons to
       whom it was mailed with their addresses, (iii) the manner
       of service, and (iv) the date served;

   (g) process all proof of claims received, including those
       received by the Clerk, checking said processing for
       accuracy, and maintaining the original proofs of claim in a

       secure area;

   (h) maintain the official claims register for each Debtor on
       behalf of the Clerk; upon the Clerk's request, provide the
       Clerk with certified, duplicate, unofficial Claims
       Registers; and  specify in the Claims Registers the
       following information for each claim docketed: (i) the
       claim number assigned, (ii) the date received, (iii) the
       name and address of the claimant and agent, if applicable,
       who filed the claim, (iv) the amount asserted, (v) the
       asserted classifications of the claim, (vi) the applicable
       Debtor, and (vii) any disposition of the claim.

   (i) record all transfers of claims and providing any notices
       of such transfers as required by Bankruptcy Rule 3001(e);

   (j) relocate, by messenger or overnight delivery, all of the
       court-filed proofs of claim to the offices of Epiq, not
       less than weekly;

   (k) upon completion of the docketing process for all claims
       received to date for each case, turning over to the Clerk
       copies of the Claims Registers for the Clerk's review;

   (l) monitor the Court's docket for all notices of appearance,
       address changes, and claims-related pleadings and orders
       filed and making necessary notations on and/or changes to
       the claims register and any service or mailing lists,
       including to identify and eliminate duplicative names and
       addresses from such lists;

   (m) identify and correct any incomplete or incorrect addresses
       in any mailing or service lists;

   (n) assist in the dissemination of information to the public
       and respond to requests for the administrative information
       regarding these chapter 11 cases as directed by the Debtors

       or the Court, including through the use of a case website
       and/or call center;

   (o) assist with, among other things, solicitation, balloting
       and tabulation of votes, and prepare any related reports,
       as required in support of confirmation of a chapter 11
       plan, and in connection with such services, process
       requests for documents from parties in interest, including,

       if applicable, brokerage firms, bank back-offices and  
       institutional holders;

   (p) prepare an official ballot certification and, if necessary,

       testify in support of the ballot tabulation results;

   (q) assist with the preparation of the Debtors' schedules of
       assets and liabilities and statements of financial affairs
       and gather data in conjunction therewith;

   (r) if these chapter 11 cases are converted to cases under
       chapter 7 of the Bankruptcy Code, contacting the Clerk's
       office within 3 days of notice to Epiq of entry of the
       order converting the cases;

   (s) 30 days prior to the close of these chapter 11 cases, to
       the extent practicable, requesting that the Debtors submit
       to the Court a proposed order dismissing Epiq as Claims,
       Noticing, and Solicitation Agent and terminating its
       services in such capacity upon completion of its duties and

       responsibilities and upon the closing of these chapter 11
       cases;

   (t) within 7 days of notice to Epiq of entry of an order
       closing these chapter 11 cases, providing to the Court the
       final version of the Claims Registers as of the date
       immediately before the close of the chapter 11 cases;

   (u) at the close of these chapter 11 cases, boxing and
       transporting all original documents, in proper format, as
       provided by the Clerk's office, to (i) the Federal Archives

       Record Administration, located at Central Plains Region,
       200 Space Center Drive, Lee's Summit, MO 64064 or (ii) any
       other location requested by the Clerk's office; and

   (v) provide such other claims processing, noticing, plan
       solicitation, and related administrative services as may be
       requested from time to time by the Debtors.

Epiq will be paid at these hourly rates:

       Clerical/Admin. Support     $25-$45
       IT/Programming              $65-$85
       Case Managers               $70-$165
       Consultants/Directors/
       Vice Presidents             $160-$190
       Solicitation Consultant     $190
       Executive Vice President,
       Solicitation                $215
       Communication Consultant    $395

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

Prior to the Petition Date, the Debtors provided Epiq with a
retainer in the amount of $25,000. Epiq seeks to apply the retainer
to all prepetition invoices, thereafter, to have the retainer
replenished to the original retainer amount, and thereafter, to
hold the retainer during these chapter 11 cases as security for the
payment of fees and expenses incurred under the Services
Agreement.

Kathryn Tran, senior consultant with Epiq Bankruptcy, assured the
Court that the firm is a "disinterested person" as the term is
defined in Section 101(14) of the Bankruptcy Code and does not
represent any interest adverse to the Debtor and its estate.

Epiq Bankruptcy can be reached at:

       Brad Scott
       EPIQ BANKRUPTCY SOLUTIONS, LLC
       777 Third Avenue, 12th Floor
       New York, NY 10017
       Tel: (646) 282-2485
       E-mail: ktran@epiqsystems.com

                      About Gordmans Stores, Inc.

Gordmans Stores, Inc. and five of its affiliates sought protection
under Chapter 11 of the Bankruptcy Code (Bankr. D. Neb. Lead Case
No. 17-80304) on March 13, 2017. The petitions were signed by
Andrew T. Hall, president, CEO and secretary. The cases are
assigned to Judge Thomas L. Saladino.

At the time of the filing, the Debtors disclosed $274 million in
assets and $131 million in liabilities.

Kirkland & Ellis LLP represents the Debtors as bankruptcy counsel.
The Debtors hired Kutak Rock LLP as local counsel, Duff & Phelps as
financial advisor, and Epiq Bankruptcy Solutions LLC as claims and
noticing agent.

Gordmans Inc., an affiliate, is a retail company engaged in the
sale of apparel, home goods, and other merchandise. Founded in
1915, Gordmans currently operates 103 stores in 62 markets and 22
states.

The Office of the U.S. Trustee on March 15, 2017, appointed seven
creditors to serve on the official committee of unsecured creditors
in the Chapter 11 cases of Gordmans Stores, Inc., and its
affiliates. The committee members are: (1) Werner Enterprises,
Inc.; (2) Marketplace on First, LC; (3) GGP Limited Partnership;
(4) Catalyst Westowne, LLC; (5) Kellermeyer Bergensons Services,
LLC; (6) DDR Corp.; and (7) Ezrasons Inc.


GROUP 701: Taps Eric A. Liepins PC as Counsel
---------------------------------------------
Group 701, LLC seeks approval from the US Bankruptcy Court for the
Northern District of Texas, Dallas Division, to employ Eric A.
Liepins and the law firm of Eric A. Liepins, P.C., as counsel.

Eric A. Liepins and the Firm have been chosen by the Debtor in that
they are experienced in bankruptcy matters and have represented
individuals and companies in numerous proceedings before the Texas
bankruptcy court and other bankruptcy courts.

Compensation to be paid to the Firm are:

     Eric A. Liepins                  $275.00 per hour
     Paralegals and Legal Assistants  $30.00-50.00 per hour

Eric A. Liepins, sole shareholder with the law firm of Eric A.
Liepins, P.C., attests that the Firm does not presently or hold or
represent any interest adverse to the interest of the Debtor or
this Estate and is disinterested within the meaning of 11 U.S.C.
Section 101(14).

The Firm can be reached through:

     Eric A. Liepins, Esq.
     ERIC A. LIEPINS, P.C.
     12770 Coit Road, Suite 1100
     Dallas, TX 75251
     Tel: (972) 991-5591
     Fax: (972) 991-5788
     E-mail: eric@ealpc.com

                                       About Group 701

Group 701, headquartered at Dallas, Texas, filed a voluntary
Chapter 11 petition (Bankr. N.D. TX Case No. 17-30858) on March 6,
2017. The petition was signed by Mahmoud Shahsiah, managing member.
The Debtor is represented by  Eric A. Liepins, Esq. of Eric A.
Liepins, P.C.  The Hon. Harlin DeWayne Hale presides over the
case.

As of the time of filing, the Debtor declared $1.6 million in total
assets and $829,702 in total liabilities.


GULFMARK OFFSHORE: Incurs $203 Million Net Loss in 2016
-------------------------------------------------------
GulfMark Offshore, Inc., filed with the Securities and Exchange
Commission its annual report on Form 10-K disclosing a net loss of
$202.97 million on $123.71 million of revenue for the year ended
Dec. 31, 2016, compared to a net loss of $215.23 million on $274.80
million of revenue for the year ended Dec. 31, 2015.

The Company's balance sheet at Dec. 31, 2016, showed $1.05 billion
in total assets, $604.3 million in total liabilities and $449.6
million in total stockholders' equity.

KPMG LLP, in Houston, Texas, issued a "going concern" qualification
in its report on the consolidated financial statements for the year
ended Dec. 31, 2016, noting that the Company expects to be in
violation of certain of their financial covenants which will result
in the Company's debt becoming subject to acceleration, which raise
substantial doubt about its ability to continue as a going concern.


The Company has not paid the $13.7 million interest payment due
March 15, 2017, on its Senior Notes and, as provided for in the
indenture governing the Senior Notes, have entered 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 and would result in a cross-default
under the Multicurrency Facility Agreement and the Norwegian
Facility Agreement.  As a result of these factors and the
additional matters discussed herein, as well as the continued
downturn in the oil and gas industry and the decrease in offshore
oil and natural gas exploration activities, among others, there
exists substantial doubt whether it will be able to continue as a
going concern.

"We continued to incur significant losses from operations and had
negative cash flows from operating activities for the year ended
December 31, 2016.  We expect to continue to incur losses from
operations and generate negative cash flows from our operating
activities.  These expectations and other liquidity risks described
in this report raise substantial doubt about whether we will be
able to meet our obligations as they become due within one year
after the date of this report.

"We are highly leveraged and had approximately $483.3 million of
debt as of December 31, 2016, including $429.6 million outstanding
under our unsecured Senior Notes described below, $49.0 million
outstanding under our secured Multicurrency Facility Agreement
described below and $11.2 million outstanding under our secured
Norwegian Facility Agreement described below ... At December 31,
2016, we had an aggregate of approximately $94.0 million of
borrowing capacity, net of standby letters of credit, under our
Multicurrency Facility Agreement and Norwegian Facility Agreement
and we had approximately $8.8 million of cash on hand.

"At December 31, 2016, we were in compliance with all financial
covenants set forth in our revolving credit facilities and the
indenture governing our Senior Notes; however, we are forecasting
that for the quarter ending March 31, 2017, we will no longer be in
compliance with the minimum consolidated adjusted EBITDA
requirement contained in the Multicurrency Facility Agreement and
the Norwegian Facility Agreement.  Absent waivers or cures,
non-compliance with such covenants would constitute an event of
default under the Multicurrency Facility Agreement and the
Norwegian Facility Agreement.  As a result, all indebtedness under
the Multicurrency Facility Agreement and the Norwegian Facility
Agreement could be declared immediately due and payable upon the
occurrence of such event of default, subject to any available cure
periods.  It is possible that we could obtain waivers from our
lenders; however, our expectations concerning future losses from
operations and cash flows and other liquidity risks raise
substantial doubt about whether we will be able to meet our
obligations as they become due within one year after the date of
this report.

"We also have not paid the $13.7 million interest payment due March
15, 2017 on our Senior Notes and, as provided for in the indenture
governing the Senior Notes, have entered 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 and would result in a cross-default under the
Multicurrency Facility Agreement and the Norwegian Facility
Agreement.  As a result of these factors and the additional matters
discussed below, as well as the continued downturn in the oil and
gas industry and the decrease in offshore oil and natural gas
exploration activities, among others, there exists substantial
doubt whether we will be able to continue as a going concern.

"Since December 31, 2016, we have made additional borrowings under
our revolving credit facilities and as of March 15, 2017, the
amount outstanding under our Multicurrency Facility Agreement had
increased to approximately $72.0 million and the amount outstanding
under our Norwegian Facility Agreement had increased to
approximately $35.0 million.  As of March 15, 2017, we had
approximately $25.8 million of cash on hand.  On March 8, 2017, we
entered into an agreement with the agent under our Multicurrency
Facility Agreement that prohibits us from requesting any additional
loans under the Multicurrency Facility Agreement without the prior
written consent of the agent (acting upon the instruction of all
the lenders following unanimous consent).  In this agreement, the
lenders agreed to extend additional revolving loans in the
aggregate principal amount of $10.0 million, subject to certain
conditions precedent, including payment by us of certain fees and
retainers of a financial advisor and counsel for the agent, and the
lenders agreed to waive any default or event of default (no such
default or event of default having been admitted by us) arising by
virtue of a borrowing request submitted previously by us, which
request was deemed to be withdrawn pursuant to the agreement.  The
lenders funded loans in such amount on March 8, 2017.

"Our consolidated financial statements as of and for the year ended
December 31, 2016 have been prepared assuming we will continue as a
going concern, which contemplates continuity of operations,
realization of assets and the satisfaction of liabilities in the
normal course of business for the twelve-month period following the
date of the consolidated financial statements.  However, for the
reasons described herein, indebtedness with the stated maturities
as summarized in Note 6 is classified as a current liability at
December 31, 2016.  The report from our independent registered
public accounting firm on our consolidated financial statements for
the year ended December 31, 2016 includes an uncertainty paragraph
that arises from the substantial doubt about our ability to
continue as a going concern.

"Our Multicurrency Facility Agreement contains requirements that,
among other things, require that we deliver an unqualified audit
opinion from our auditors that is not subject to a going concern or
like qualification or exception.  The failure to deliver such an
unqualified opinion constitutes an event of default under the
Multicurrency Facility Agreement, which allows the lenders
thereunder to cancel their commitments, accelerate the indebtedness
thereunder and exercise remedies with respect to the collateral
securing the Multicurrency Facility Agreement, the effect of which
likewise is to cause a cross-default under our Norwegian Facility
Agreement permitting the lenders thereunder to cancel their
commitments, accelerate the indebtedness thereunder and exercise
remedies with respect to the collateral securing the Norwegian
Facility Agreement unless a waiver or forbearance is received from
the lenders under the Multicurrency Facility Agreement.  If the
indebtedness under either the Multicurrency Facility Agreement or
the Norwegian Facility Agreement is accelerated, it would, subject
to a 15-business day cure period, constitute an event of default
under the indenture governing our Senior Notes.

"On March 14, 2017, we entered into a support agreement, or Support
Agreement, with the agent under the Multicurrency Facility
Agreement in which the lenders agreed to waive the existing or
anticipated defaults or events of default under the Multicurrency
Facility Agreement listed in the Support Agreement and forbear from
exercising rights or remedies under the related finance documents
as a result therefrom, for a limited support period. The Support
Agreement, and the waiver and forbearance provided for therein,
terminates upon the earliest to occur of certain termination events
described therein or April 14, 2017.

"If lenders or noteholders accelerate our outstanding indebtedness,
our borrowings will become immediately payable and we will not have
sufficient liquidity to repay those accelerated amounts.  If we are
unable to reach an agreement with lenders and noteholders to
address any such defaults, we would likely pursue a variety of
solutions that may include strategic and refinancing alternatives
through a private restructuring of our indebtedness, seeking
additional debt or equity financing, assets sales or a filing under
Chapter 11 of the U.S. Bankruptcy Code, which could include a
restructuring of our various debt obligations.

"We are engaged in discussions with our principal lenders and
noteholders to waive covenant breaches, including financial
covenants and the inclusion of a going concern qualification in the
audit opinion from our auditors, and/or to amend the underlying
agreements.  Any such amendments and/or waivers would require
successful negotiations with our bank group and noteholders, and
may require us to make certain concessions under the existing
agreements, such as providing additional collateral, paying a
higher rate of interest or some combination of these or others.
Obtaining covenant relief will require us to reach an agreement
that satisfies potentially divergent interests of our lenders and
noteholders."

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

                    https://is.gd/0yqaOj

                       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.

                          *     *     *

In March 2017, S&P Global Ratings lowered its corporate credit
rating on U.S.-based offshore service provider GulfMark Offshore
Inc. to 'D' from 'CCC-'.  "Gulfmark has entered into a 30-day-grace
period to make the March 15 interest payment on its 6.375% senior
unsecured notes due 2022," said S&P Global Ratings credit analyst
Kevin Kwok.  "The 'D' corporate credit and issue-level ratings
reflect our expectation that company will not make the interest
payment within the 30-day-grace period, and will instead seek a
debt restructuring," he added.

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'.


GULFMARK OFFSHORE: Moody's Cuts Corporate Family Rating to Ca
-------------------------------------------------------------
Moody's Investors Service downgraded GulfMark Offshore Inc.'s
Corporate Family Rating (CFR) to Ca from Caa3, Probability of
Default Rating (PDR) to Ca-PD from Caa3-PD, and senior unsecured
notes to C from Ca. The Speculative Grade Liquidity (SGL) Rating
was affirmed at SGL-4 and the rating outlook remains negative.

Downgrades:

Issuer: GulfMark Offshore Inc.

-- Corporate Family Rating, Downgraded to Ca from Caa3

-- Probability of Default Rating, Downgraded to Ca-PD from Caa3-
    PD

-- Senior Unsecured Notes due 2022, Downgraded to C (LGD5) from
    Ca (LGD4)

Affirmations:

Issuer: GulfMark Offshore Inc.

-- Speculative Grade Liquidity (SGL) Rating, Affirmed SGL-4

Outlook Actions:

Issuer: GulfMark Offshore Inc.

-- Outlook, Negative

RATINGS RATIONALE

On March 15, 2017, GulfMark elected not to pay the $13.7 million
interest payment due March 15, 2017 on the Company's 6.375% senior
notes due 2022, commencing a 30-day grace period. Failure to pay
interest on the 2022 Notes constitutes an event of default under
the indenture governing the senior notes, if the payment is not
made within 30 days, and would also result in a cross default under
the senior secured revolving multicurrency credit facility and the
Norwegian senior secured revolving credit facility.

As of December 31, 2016, GulfMark had total debt of $490 million,
which included approximately $430 million of senior unsecured notes
due 2022, $49 million outstanding under its Multicurrency senior
secured revolving credit facility due in September 2019, and
approximately $11.2 million outstanding under its Norwegian senior
secured revolving credit facility.

The downgrade of GulfMark's CFR to Ca reflects GulfMark's extremely
tight liquidity situation, high likelihood of default and Moody's
view on the potential overall recovery. The downgrade of the senior
unsecured notes reflects Moody's view of potential recovery on the
notes.

The C rating on GulfMark's $430 million of senior unsecured notes
due 2022 reflects their subordination to the $100 million senior
secured revolving credit facility (Multicurrency Facility
Agreement) due 2019 and the NOK 600 million Norwegian senior
secured revolving credit facility (Norwegian Facility Agreement)
due 2019, and their priority claims to certain of the company's
assets. Although the combined size of these revolver facilities
relative to GulfMark's outstanding senior unsecured notes results
in the notes being rated the same as the CFR under Moody's Loss
Given Default Methodology, an override was applied to rate the
notes one notch lower than the CFR, due to a high level of
uncertainty around the collateral value.

GulfMark's SGL-4 Speculative Grade Liquidity (SGL) indicates weak
liquidity through 2017. At December 31, 2016, GulfMark had $8.8
million of cash on the balance sheet, $36 million availability
under its Multicurrency Facility Agreement and $58.2 million
availability under its Norwegian Facility Agreement. However, on
March 8, 2017 GulfMark entered into an agreement with the agent
under the Multicurrency Facility Agreement prohibiting GulfMark's
request of any additional loans under this facility without the
prior consent of the lender group. In this agreement lenders also
agreed to extend additional revolving loans in the aggregate
principal amount of $10 million subject to certain conditions.
Moody's does not expect GulfMark's existing liquidity and the
restrictions on its access to liquidity will allow the company to
meet its cash needs through 2017. There are a multitude of
financial maintenance covenants under the Multicurrency Facility
and the Norwegian Facility. GulfMark's ability to maintain
compliance with these covenants is highly uncertain. Given the weak
asset sale environment, proceeds from the asset sales are not
expected provide the required liquidity. If the company files for
bankruptcy protection or performs an out of court restructuring,
the PDR will be downgraded to D-PD.

A ratings upgrade is unlikely unless the debt is reduced
significantly to result in an improved capital structure with
adequate liquidity.

The principal methodology used in these ratings was Global Oilfield
Services Industry Rating Methodology published in December 2014.

GulfMark Offshore, Inc. (GulfMark) owns and operates a fleet of
marine offshore support vessels (OSVs), which provide support and
transportation services for the offshore oil and gas industry. The
company's vessels are used to transport drilling materials,
supplies, and personnel to offshore facilities, and to move
drilling structures.


GULFMARK OFFSHORE: Sets $1.3M Retention Bonuses for Executives
--------------------------------------------------------------
Gulfmark Offshore, Inc., disclosed in a Form 8-K report filed with
the Securities and Exchange Commission on March 17, 2017, that in
an effort to retain top-tier executive talent, the Board of
Directors of the Company, after consultation with the Company's
outside advisors and the Compensation Committee of the Board of
Directors, approved the payment of key employee retention bonuses
and the execution of agreements with certain executives of the
Company and certain of its subsidiaries, including four named
executive officers of the Company.  The key employee retention
bonuses are designed to supplement the Company's or its
subsidiaries' existing employee compensation programs.

The Retention Bonus Agreements provide for payment to each
recipient of cash-denominated awards in two equal installments,
subject to continued employment through the Vesting Date.  The
first installment is to be paid as soon as administratively
practicable following the execution of a Retention Bonus Agreement
by a recipient.  The second installment payment will be paid on the
earliest of (a) the Waiver Expiration Date, which is defined in the
Retention Bonus Agreements as the date on which all of the limited
waivers or forbearances granted to the Company or any of its
subsidiaries by certain significant lenders and noteholders, as
applicable, expire without having been extended or substituted with
new waivers, (b) the execution of a definitive agreement providing
for a Restructuring (as defined therein) and (c) July 11, 2017.  As
of March 17, 2017, the expected Waiver Expiration Date is April 14,
2017, which may be extended by agreement of the Company and certain
of its significant lenders and noteholders.

Under the Retention Bonus Agreements, if prior to March 13, 2018,
the recipient either (i) voluntarily terminates his employment with
the Company or any of its subsidiaries, as applicable, other than
as a result of an Eligible Retirement or (ii) his employment is
terminated by the Company for Cause, then the recipient will
forfeit his right to payment of any remaining installment payments
and will be obligated to repay the Company or its subsidiary, as
applicable, the total amount previously paid pursuant to a
Retention Bonus Agreement prior to that termination.  If a
recipient's employment is terminated prior to the Vesting Date
without Cause, as an Eligible Retirement or by reason of Disability
or death, the recipient will remain eligible to receive any
scheduled installment payments and to retain any prior payments
under the Retention Bonus Agreements.  The recipient's retention of
all or any portion of the retention bonus under his Retention Bonus
Agreement in connection with a termination without Cause or as an
Eligible Retirement will be contingent on the recipient executing
and not revoking a release agreement, in a standard form provided
by the Company, granting a full release of all actual and potential
claims that the recipient has or may have against the Company or
its affiliates.

The aggregate amounts of payments to the named executive officers
pursuant to the Retention Bonus Agreements are as follows:

  Named Executive                               Total Retention
     Officer                                      Bonus Amount
  ---------------                               ---------------
Quintin V. Kneen                                  $510,000
President & Chief Executive Officer

James M. Mitchell                                 $304,200
Executive Vice President &
Chief Financial Officer

David E. Darling                                  $250,000
Senior Vice President and
Chief Human Resource Officer

Samuel R. Rubio                                   $250,000
Senior Vice President, Controller and
Chief Accounting Officer

                         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 incurred a net loss of $202.97 million for the year ended
Dec. 31, 2016, compared to a net loss of $215.23 million for the
year ended Dec. 31, 2015.  The Company's balance sheet at Dec. 31,
2016, showed $1.05 billion in total assets, $604.28 million in
total liabilities and $449.62 million in total stockholders'
equity.

KPMG LLP, in Houston, Texas, issued a "going concern" qualification
in its report on the consolidated financial statements for the year
ended Dec. 31, 2016, noting that  the Company expects to be in
violation of certain of their financial covenants which will result
in the Company's debt becoming subject to acceleration, which raise
substantial doubt about its ability to continue as a going concern.


                          *     *     *

In March 2017, S&P Global Ratings lowered its corporate credit
rating on U.S.-based offshore service provider GulfMark Offshore
Inc. to 'D' from 'CCC-'.  "Gulfmark has entered into a 30-day-grace
period to make the March 15 interest payment on its 6.375% senior
unsecured notes due 2022," said S&P Global Ratings credit analyst
Kevin Kwok.  "The 'D' corporate credit and issue-level ratings
reflect our expectation that company will not make the interest
payment within the 30-day-grace period, and will instead seek a
debt restructuring," he added.

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'.


GULFMARK OFFSHORE: Transmission Delays Encountered in Filing 10-K
-----------------------------------------------------------------
GulfMark Offshore, Inc., filed a Form 12b-25 with the Securities
and Exchange Commission with respect to its annual report on Form
10-K for the period ended Dec. 31, 2016.  The Company has filed the
Annual Report.  On March 16, 2017 at or approximately 5:20 p.m.
Eastern Time, the Company directed its filing service to commence
transmission of the Annual Report.  There were transmission delays,
apparently due to a high volume of filings, and the transmission
was not received by the Securities and Exchange Commission until
5:31 p.m. Eastern Time, which was after the cutoff time of 5:30
p.m. Eastern Time.  The Annual Report filing was completed and
accepted by the Commission at 5:32 p.m.

                       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 incurred a net loss of $202.97 million for the year ended
Dec. 31, 2016, compared to a net loss of $215.2 million for the
year ended Dec. 31, 2015.  The Company's balance sheet at Dec. 31,
2016, showed $1.05 billion in total assets, $604.28 million in
total liabilities and $449.6 million in total stockholders'
equity.

KPMG LLP, in Houston, Texas, issued a "going concern" qualification
in its report on the consolidated financial statements for the year
ended Dec. 31, 2016, noting that  the Company expects to be in
violation of certain of their financial covenants which will result
in the Company's debt becoming subject to acceleration, which raise
substantial doubt about its ability to continue as a going concern.


                          *     *     *

In March 2017, S&P Global Ratings lowered its corporate credit
rating on U.S.-based offshore service provider GulfMark Offshore
Inc. to 'D' from 'CCC-'.  "Gulfmark has entered into a 30-day-grace
period to make the March 15 interest payment on its 6.375% senior
unsecured notes due 2022," said S&P Global Ratings credit analyst
Kevin Kwok.  "The 'D' corporate credit and issue-level ratings
reflect our expectation that company will not make the interest
payment within the 30-day-grace period, and will instead seek a
debt restructuring," he added.

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'.


HAMPSHIRE GROUP: Wants Plan Filing Extended Through May 22
----------------------------------------------------------
Hampshire Group, Limited, et al., ask the U.S. Bankruptcy Court for
the District of Delaware to extend their exclusive right to file a
Chapter 11 plan and solicit acceptances of that plan through and
including May 22, 2017 and July 21, 2017 respectively.

The Debtors have the exclusive right to file a plan through March
23, 2017, and the exclusive right to solicit votes on a plan
through May 20, 2017, absent an extension.

The Debtors assert that cause exists to grant its extension
request. The bankruptcy cases were commenced on an emergency basis
as a result of the litigation efforts of one creditor. Prior to the
Petition Date, the Debtors were engaged in the orderly liquidation
of their assets for the benefit of creditors and the winding down
of their affairs. Since the Petition Date, the Debtors have
continued the wind down process with the stated objective of
developing and obtaining confirmation of a chapter 11 plan of
liquidation.  During that time, the Debtors have complied with
their obligations as chapter 11 debtors-in-possession. The Debtors
believe they (i) are current on payments of ordinary course
postpetition administrative expenses, (ii) are current on payment
of all quarterly fees to the Office of the United States Trustee,
and (iii) have complied with their reporting and filing obligations
as chapter 11 debtors in possession. The Debtors have acted to
expeditiously liquidate their remaining assets, including obtaining
entry of the James Campbell Sale Order. The Debtors also obtained
entry of the Bar Date Order, and the bar date for prepetition
claims (other than for Governmental Units) has now passed.

The Debtors inform the Court that they intend to work with the
Official Committee of Unsecured Creditors on the development of a
joint chapter 11 plan of liquidation.

                About Hampshire Group, Ltd.

New York-based Hampshire Group, Limited (OTC Markets: HAMP) is a
provider of fashion apparel across a broad range of product
categories, channels of distribution and price points. As a holding
company, the Company operates through its wholly-owned
subsidiaries, Hampshire Brands, Inc. and Hampshire International,
LLC.

Hampshire Group, Limited and two affiliates -- Hampshire Brands and
Hampshire International -- sought Chapter 11 bankruptcy protection
(Bankr. D. Del. Case Nos. 16-12634 to 16-12636) on Nov. 23, 2016,
to facilitate the orderly wind-down of their business operations.

The petitions were signed by Paul Buxbaum, president and chief
executive officer.

Hampshire Group disclosed $25.9 million in assets and $41.8 million
in liabilities. Brands listed under $50 million in both assets and
debts. International listed under $50,000 in assets and under $50
million in liabilities.

Blank Rome LLP represents the Debtors.  William Drozdowski of GRL
Capital Advisors LLC has also been tapped as the Debtors' chief
financial officer.

The U.S. Trustee for Region 3 has appointed five creditors to serve
in the official unsecured creditors committee in the case.
Pachulski Stang Ziehl & Jones LLP serves as legal counsel and
Gavin/Solmonese LLC as financial advisor to the Committee.


HARSCO CORP: Fitch Affirms 'BB' Long-Term Issuer Default Rating
---------------------------------------------------------------
Fitch Ratings has affirmed Harsco Corporation's Long-Term Issuer
Default Rating (IDR) at 'BB' and its secured revolver and term loan
facility at 'BB+/RR1'. The Rating Outlook is Stable. Harsco had
$678 million of debt outstanding as of Dec. 31, 2016.

KEY RATING DRIVERS

The ratings take into account the deleveraging that followed
Harsco's September 2016 sale of its 26% interest in Brand Energy &
Infrastructure Services, Inc. (Brand) for net proceeds of $145
million. Harsco repaid around $260 million of debt in 2016 using
the Brand sale proceeds and FCF, causing debt/EBITDA to improve to
2.7x at the end of 2016 from 3.3x at the end of 2015, despite lower
EBITDA. Fitch expects further modest improvement in leverage in
2017.

Fitch expects that Harsco's operations will be broadly stable in
2017 following significant weakness in 2015-2016 as a result of
restructuring efforts in the metals and minerals (M&M) segment and
the expectation that certain of Harsco's end markets will begin to
stabilize. Fitch recognizes the uncertainty surrounding the
potential separation of the M&M segment, though this is not viewed
as a near-term event, and the risk that end-market weakness may be
protracted.

The M&M segment (67% of 2016 revenues) reported a 13% revenue
decline in 2016, due primarily to site exits, but operating
earnings were higher as a result of restructuring actions. While
business conditions remain weak, earnings from this segment are
expected to be steady in 2017.

Sales in the industrial segment (17% of sales) declined 31% in 2016
and margins contracted by more than 600bps due to sharply lower
demand for heat exchangers used in natural gas processing. At the
same time, the rail segment (16% of sales) experienced an 8% sales
decline and sharply lower margins reflecting weak rail markets in
North America and charges to write-down two rail contracts in
Europe. Fitch expects that a gradual recovery in certain end
markets will enable these segments to generate flat to slightly
higher sales in 2017.

FCF turned positive in 2016 as a result of the suspension of the
dividend, which saves $66 million annually, and a reduction in
capex. Fitch expects FCF after dividends will be in the $70 million
range in 2017 compared with $85 million in 2016, as capex moves
higher, and that this cash flow will be used for debt reduction.
Fitch expects Harsco will continue to generate positive FCF going
forward and maintain disciplined cash deployment.

The revolver and term loan are secured by the capital stock of each
direct subsidiary (65% of stock of first-tier foreign subsidiaries)
and substantially all of the company's domestic tangible and
intangible assets. In addition, all of the company's domestic,
wholly owned restricted subsidiaries guarantee the facilities.

The ratings and Outlook incorporate:

-- Ongoing benefit of restructuring actions, particularly in M&M,
    during a time of end-market weakness.
-- Positive FCF following suspension of the dividend.

Concerns include Harsco's:

-- Continued weak operating results, particularly in
    industrial and rail segments.
-- Subdued top-line growth prospects in M&M, in line
    with global steel production
-- Uncertainty surrounding strategic review of the
    M&M segment.

KEY ASSUMPTIONS

-- Sales grow slightly in 2017, excluding revenues from
    the Swiss Rail contract, with modest growth in the
   rail and industrial segments and flat sales in the M&M segment

-- EBITDA is flat in 2017 at $250 million-$260 million

-- FCF is down moderately in 2017 to around $70 million,
    due in part to higher capex, and will be used primarily
    for debt repayment

-- Debt/EBITDA improves to around 2.5x from 2.7x at the end of
2016.

RATING SENSITIVITIES

Negative: Future developments that may, individually or
collectively, lead to a negative rating action include the
separation of the M&M business, given the resulting reduced scale
and diversification; Fitch's expectation that debt/EBITDA will
remain above 3x-3.5x, and FFO adjusted leverage will remain above
4x-4.5x; and negative FCF on a sustained basis.

Positive: The ratings are unlikely to be upgraded in the medium
term given the relatively small size and cyclical nature of
Harsco's businesses. Longer term, developments that may,
individually or collectively, lead to a positive rating action
include: the company either retaining the M&M business or the
remaining business developing into a larger, more diversified
operation; stronger FCF generation; or debt/EBITDA sustained under
2.5x and FFO adjusted leverage under 3.5x.

LIQUIDITY

Harsco's liquidity at Dec. 31, 2016 was supported by cash of $72
million, of which $70.5 million was held overseas. This cash is
used within the company's foreign operations for working capital
purposes, though part of it could be repatriated at relatively low
tax rates. Liquidity is further supported by a $400 million secured
revolver, on which $258 million was available. Liquidity is also
supported by FCF, which turned positive in 2016. Cash flow will
also benefit from the sale of the stake in the Brand joint venture
(JV) in 2016, which will save Harsco $22 million in optional annual
payments to its partner in the JV and $8 million in annual pension
payments.

FULL LIST OF RATING ACTIONS

Fitch affirms Harsco Corporation's ratings as follows:

-- Long-Term IDR at 'BB';
-- Senior secured RCF at 'BB+/RR1';
-- Senior secured term loan at 'BB+/RR1'.

The Rating Outlook is Stable.


HCA INC: Fitch Assigns 'BB+' Rating to New $1.489BB Term Loan B-9
-----------------------------------------------------------------
Fitch Ratings has assigned a 'BB+/RR1' rating to HCA Inc.'s (HCA)
new $1.489 billion senior secured term B-9 loan. Proceeds will be
used to refinance the existing senior secured term B-6 loan. The
Rating Outlook is Stable. The ratings apply to $31.4 billion of
debt outstanding at Dec. 31, 2016. A full list of ratings follows
at the end of this release.

KEY RATING DRIVERS

Industry-Leading Financial Flexibility: HCA has hospital
industry-leading operating margins and generates consistent and
ample discretionary free cash flow (FCF; operating cash flows less
capital expenditures and distributions to minority interests).
HCA's financial flexibility has improved significantly in recent
years as a result of organic growth in the business as well as
proactive management of the capital structure.

Expect Stable Leverage: Fitch forecasts that HCA will produce CFO
of about $5 billion in 2017, and will prioritize use of cash for
organic investment in the business and share repurchases. At 4.0x,
HCA's gross debt/EBITDA is below the average of the group of
publicly traded hospital companies, and Fitch does not believe that
there is a compelling financial incentive for HCA to use cash for
debt reduction.

Secular Headwinds Driving Operating Outlook: Measured by revenues,
HCA is the largest operator of for-profit acute care hospitals in
the country, with a broad geographic footprint. The company
benefited from this favorable operating profile during a period of
several years of weak organic operating trends in the for-profit
hospital industry. Although operating trends improved industrywide
starting in mid-2014, secular challenges, including a shift to
lower-cost care settings driven by health insurer scrutiny of
hospital care and increasing healthcare consumerism, are a
continuing headwind to organic growth.

Heightened Regulatory Risk: Changes to the Affordable Care Act
(ACA) that roll back insurance coverage would result in a weaker
payor mix for acute care hospitals; this would pressure margins
unless offset by cost saving measures or higher reimbursement. HCA
has stated that the ACA is contributing 5-6% of EBITDA, implying
that a repeal of the ACA that is unmitigated by any measures to
preserve insurance expansion could increase leverage by about 0.2x
EBITDA. Even more important to the credit profile than the
manageable influence on financial flexibility, Fitch does not
believe that changes to the ACA will greatly influence the
fundamental outlook of the acute care hospital sector, which is
driven by the secular factors mentioned above.

More Predictable Capital Deployment: The sponsors of a 2006 LBO
previously directed HCA's financial strategy, but their ownership
stake decreased steadily following a 2011 IPO. Under the direction
of the LBO sponsors, HCA's ratings were constrained by
shareholder-friendly capital deployment; HCA has so far had a more
consistent and predictable approach to funding shareholder payouts
under public ownership and an independent BOD.

KEY ASSUMPTIONS

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

-- Organic revenue growth of 4%-5% in 2017 and 2018, driven
    by a 2% to 3% increase in patient volumes with the remainder
    contributed by growth in pricing;

-- Operating EBITDA margin compression of about 100 basis points
    (bps) through the end of 2019, primarily as the result of
    negative operating leverage as patient volume growth rates
    slow versus the higher level seen in 2014 - 2015 and growth
    in pricing slows;

-- Fitch forecasts EBITDA before dividends to associates and
    minorities of $8.7 billion and discretionary FCF of $2.1
    billion in 2017 for HCA, with capital expenditures of about
    $2.9 billion. Higher capital spending is related to growth
    projects that support the expectation of EBITDA growth through
    the forecast period;

-- The majority of discretionary FCF is directed towards share
    repurchases, and debt due in 2017-2019 is refinanced,
    resulting in gross debt/EBITDA after dividends to associates
    and minorities maintained near 4.0x through the forecast
    period.

RATING SENSITIVITIES

The 'BB' Issuer Default Rating (IDR) considers HCA operating with
leverage (total debt/EBITDA after associate and minority dividends)
around 4x and with a discretionary FCF margin of 4% to 5%. A
downgrade of the IDR to 'BB-' is unlikely in the near term, since
these targets afford HCA with significant financial flexibility to
increase acquisitions and organic capital investment while still
returning a substantial amount of cash to shareholders.

An upgrade to a 'BB+' IDR is possible if HCA maintains leverage at
3.5x or below. In addition to a commitment to operate with lower
leverage, improvement in organic operating trends in the hospital
industry would support a higher rating for HCA. Evidence of an
improved operating trend would include sustained positive growth in
organic patient volumes, improvement in the payor mix with fewer
uninsured patients and correspondingly lower bad debt expense.

LIQUIDITY

HCA's liquidity profile is solid. There are no significant debt
maturities in 2017. Large maturities include $500 million of HCA
Inc. unsecured notes in 2018, $2.1 billion of HCA Inc. secured
notes in 2019 and $2.9 billion of ABL revolver borrowings maturing
in 2019. Fitch believes that HCA's operating outlook and financial
flexibility are amongst the best in the hospital industry,
affording the company good market access to refinance upcoming
maturities.

At Dec. 31, 2016, HCA's liquidity included $646 million of cash on
hand, $2.1 billion of available capacity on its senior secured
credit facilities and latest 12 months (LTM) discretionary FCF of
about $2.9 billion. HCA's EBITDA/ interest paid is solid for the
'BB' rating category at 4.8x and the company had an ample operating
cushion under its bank facility financial maintenance covenant,
which requires debt net of cash maintained at or below 6.75x
EBITDA.

HCA's secured debt rating is rated 'BB+/RR1', one notch above the
IDR, illustrating Fitch's expectation of superior recovery
prospects in the event of default. The first-lien obligations,
which include the bank terms loans, revolving credit facilities and
the first-lien secured notes, are guaranteed by all material wholly
owned U.S. subsidiaries of HCA, Inc. that are "unrestricted
subsidiaries" under the HCA Inc. unsecured note indenture dated
Dec. 16, 1993.

Because of these restrictions on the guarantor group stipulated by
the 1993 indenture, a substantial number of HCA Inc.'s operating
subsidiaries do not guarantee the first-lien obligations. At Dec.
31, 2016, the subsidiary guarantors of the first-lien obligations
comprised about 51% of consolidated total assets. The ABL facility
has a first-lien interest in substantially all eligible accounts
receivable (A/R) of HCA, Inc. and the guarantors, while the other
bank debt and first-lien notes have a second-lien interest in
certain of the receivables.

The HCA Inc. unsecured notes are rated 'BB/RR4', the same level as
the IDR, despite the substantial amount of secured debt to which
they are subordinated, with secured leverage of 2.7x at Dec. 31,
2016. If HCA were to layer more secured debt into the capital
structure, such that secured debt leverage is greater than 3.0x, it
could result in a downgrade of the rating on the HCA Inc. unsecured
notes to 'BB-'. The bank agreements include a 3.75x first-lien
secured leverage ratio debt incurrence test.

The HCA Holdings Inc. unsecured notes are rated 'B+/RR6',
two-notches below the IDR to reflect the substantial structural
subordination of these obligations, which are subordinate in right
of payment to all debt outstanding at the HCA Inc. level. At Dec.
31, 2016, leverage at the HCA Inc. and HCA Holdings Inc. level was
3.9x and 4.0x, respectively.

FULL LIST OF RATING ACTIONS

Fitch currently rates HCA as follows:

HCA, Inc.
-- IDR 'BB';
-- Senior secured credit facilities (cash flow and asset backed)
    'BB+/RR1';
-- Senior secured first lien notes 'BB+/RR1';
-- Senior unsecured notes 'BB/RR4'.

HCA Holdings Inc.
-- IDR 'BB';
-- Senior unsecured notes 'B+/RR6'.

The Rating Outlook is Stable.



HEBREW HEALTH: May Use Cash Collateral Until April 14
-----------------------------------------------------
The Hon. Julie A. Manning of the U.S. Bankruptcy Court for the
District of Connecticut authorized Hebrew Heath Care, Inc., et al.,
to use cash collateral from March 4, 2017, through April 14, 2017
at 5:00 p.m. (Eastern Time).

A hearing to consider the Debtors' further use of the cash
collateral is set for April 11, 2017, at 11:00 a.m. (Eastern Time).


As adequate protection of its interest in the Hebrew Home and
Hospital, Incorporated and Hebrew Community Services, Inc. cash
collateral, HUD is granted valid and automatically perfected
second-priority replacement liens on and replacement security
interests in and upon the HHHI and HCSI Collateral to the same
extent, validity and priority, subject only to the carve-out and
the preserved actions.

As adequate protection of its interest in the Hebrew Life Choices
Inc. Cash Collateral, U.S. Bank is granted valid and automatically
perfected replacement liens on and replacement security interests
in and upon the HLCI Cash Collateral to the same extent, validity
and priority as U.S. Bank possessed as of the Petition Date,
subject only to the liens against accounts, accounts receivable,
and cash and super-priority administrative expense granted to the
DIP Lender in connection with the DIP Financing, the carve-out and
the preserved actions.  As adequate protection of its interest in
the HLCI Cash Collateral, TD Bank is hereby granted valid and
automatically perfected replacement liens on and replacement
security interests in and upon the HLCI Collateral to the same
extent, validity and priority as TD Bank possessed as of the
Petition Date, subject only to the liens against accounts, accounts
receivable, and cash and super-priority administrative expense
granted to the DIP Lender in connection with the DIP Financing and
the liens and security interests held by U.S. Bank.  To the extent
the adequate protection is insufficient to adequately protect U.S.
Bank from any diminution of its interests as of the Petition Date,
subject only to the carve-out and the preserved actions, U.S. Bank
is hereby granted a superpriority administrative expense claim
against all of HLCI's assets and all of the other benefits and
protections allowable under Sections
503(b) and 507(b) of the Bankruptcy Code, subordinate only to the
superpriority administrative expense claims against HLCI granted to
the DIP Lender by prior court orders or by court orders entered
subsequent to this court order.

As adequate protection of the right asserted by State of
Connecticut Department of Revenue Services to setoff amounts due
and owing, as of the date of this court order, to HHHI by the State
of Connecticut, Department of Social Services, in connection with
the Medicaid program for services provided by HHHI prior to the
Petition Date, against amounts that DRS alleges are due and owing
by HHHI to DRS for unpaid provider taxes arising prior to the
Petition Date, DRS’ asserted right to setoff against the
Prepetition Medical Payables shall attach to all Medicaid Payables
due and owing to HHHI for services provided by HHHI after the
Petition Date, notwithstanding the restriction against exercising
setoff rights for pre-petition debt against postpetition payables
contained in section 553 of the Bankruptcy Code; provided, however,
that (a) the expanded setoff rights will only be preserved and
arise to the same extent that DRS possessed a valid and enforceable
right of setoff against the Prepetition Medicaid Payables as of the
Petition Date and (b) the amount will be subordinate to the
super-priority administrative expense claims and liens against HHHI
granted to the DIP Lender by previous Court orders or by court
orders entered subsequent to this interim court order.

The court order and the budget is available at:

         http://bankrupt.com/misc/ctb16-21311-644.pdf

                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.


HILLCREST INC: Taps Evans & Mullinix as Counsel
-----------------------------------------------
Hillcrest, Inc. seeks approval from the US Bankruptcy Court for the
Western District of Missouri, Kansas City Division, to employ the
firm of Evans & Mullinix, P.A. and its members to represent the
Debtor in its Chapter 11 bankruptcy proceedings. The services
include the customary services required in representing a Chapter
11 Debtor.

The current hourly rates for the primary attorneys and paralegals
are:

     Joanne B. Stutz    $300.00
     Richard C. Wallace $300.00
     Colin N. Gotham    $300.00
     Paralegals         $100.00

Evans & Mullinix, P.A. and its members anticipate that they will
expend a significant amount of time on this case. In view of the
concentrated time involved, the overhead and income requirements of
the attorneys for the Debtor, the Debtor seeks approval of the
following fee arrangement:

     a. The Debtor shall, from the assets of the bankruptcy estate,
pay each month to Evans & Mullinix, P.A. 80% of billed fees and
100% of incurred expenses;

     b. 20% of monthly billed fees shall be held back by the Debtor
and may be paid upon approval of the Court of an interim or final
fee application filed by counsel pursuant to 11 U.S.C. Sec. 330.

     c. Counsel shall submit a monthly itemized fee statement to
the Debtor, and concurrently provide a copy to the United States
Trustee, creditors claiming liens on the Debtor’s cash
collateral, any committees appointed under 11 U.S.C. Section 1102,
and any other interested parties who request receipt of the monthly
fee statements.

     d. The Notice Parties shall have ten days after receipt of the
monthly itemized statements in which to review the statements and
advise counsel submitting the statement of any objections;

     e. Any items in the statements objected to by a Notice Party
shall not be paid and will be reserved for review by the Court when
an interim or final fee application is filed pursuant to 11
U.S.C.Section 330, unless the parties resolve any disputes before
the filing of the application;

     f. Failure to object to a monthly statement is not a waiver of
the right of any party to object to an interim or final fee
application filed pursuant to 11 U.S.C. Section 330;

     g. Counsel's fees shall not be paid unless:

          i. the Debtor has timely filed and submitted to the US
Trustee all required  operating reports;

         ii. the Debtor is current in payment of post-petition
taxes and fees and costs assessed under 28 U.S.C. 1930; and

        iii. the Debtor either is current in payment of
post-petition creditors or has the financial capacity to make such
payments.

     h. Randall L. Robb, President of Hillcrest, Inc. has
personally guaranteed any and all fees and expenses incurred by
Evans & Mullinix pursuant to this agreement.

Joanne B. Stutz, partner of the firm of Evans & Mullinix, P.A.,
attests that she, Evans & Mullinix, P.A. and its attorneys are
disinterested parties as defined in 11 U.S.C. Section 101(14),
representing no interest adverse to the Debtor or the Debtor's
estate on the matters upon which they are to be engaged and their
employment would be in the best interest of the bankruptcy estate.

The Firm can be reached through:

     Joanne B. Stutz, Esq.
     Richard C. Wallace, Esq.
     Colin N. Gotham, Esq.
     EVANS & MULLINIX PA
     7225 Renner Road, Suite 200
     Shawnee, KS 66217
     Tel: 913-962-8700

                               About Hillcrest Inc.

Hillcrest Inc. first owned the Hillcrest Mobile Home Park in
Liberty, Missouri.  The mobile home park was sold and the proceeds
use to purchase the strip center located at 6801-6833 North Oak
Trafficway, Gladstone, Missouri, which it currently owns and
operates.

Hillcrest sought protection under Chapter 11 of the Bankruptcy Code
(Bankr. W.D. Mo. Case No. 16-40054) on Jan. 12, 2016.  The Debtor
estimated less than $50,000 in assets and debt.

Randall L. Robb is the President and Secretary of the Debtor, which
are the only offices filled.  He has sole control of the Debtor.


HORIZON PHARMA: Moody's Affirms B2 Corporate Family Rating
----------------------------------------------------------
Moody's Investors Service affirmed certain ratings of Horizon
Pharma, Inc. including the B2 Corporate Family Rating, the B2-PD
Probability of Default Rating, the Ba2 (LGD 2) senior secured
rating, and the B3 (LGD 4) senior unsecured rating. Moody's
assigned a Ba2 (LGD 2) rating to Horizon's new senior secured term
loan. At the same time, Moody's raised Horizon's Speculative Grade
Liquidity Rating to SGL-1 from SGL-2. The rating outlook is
stable.

Proceeds of the term loan will be used to repay existing term
loans.

Ratings affirmed:

Corporate Family Rating, at B2

Probability of Default Rating, at B2-PD

Senior secured term loans, at Ba2 (LGD 2)

Senior unsecured notes, at B3 (LGD 4)

Rating assigned:

Senior secured term loan, at Ba2 (LGD 2)

Rating raised:

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

Rating outlook

The rating outlook is stable.

RATINGS RATIONALE

Horizon's B2 Corporate Family Rating reflects its modest size and
scale within the pharmaceutical industry with pro forma revenue of
about $1.2 billion. The rating is supported by Horizon's efficient
operating structure, high profit margins and low tax rate,
resulting in good cash flow. Horizon's increasing focus on rare
diseases has positive implications for long-term growth and
sustainability. Drugs like Actimmune, Ravicti, Krystexxa and
Procysbi have high price points and high barriers to entry.
Earnings trends are positive, supported by growth in orphan
diseases and stability in primary care products resulting from
recent payor contracts.

Offsetting these strengths, the rating also reflects Horizon's
unproven long-term track record and its reliance on acquisitions
and financial leverage for growth due to limited internal R&D.
Geographic and product diversity are somewhat limited, with the top
three drugs representing over 50% of revenue. Like several other
specialty pharmaceutical companies, Horizon is facing scrutiny on
its pricing and distribution model including a government
investigation. Several of its primary care products including
Vimovo, Duexis and Pennsaid 2% are very expensive relative to
low-cost alternatives, creating pressure from payors. In addition,
several face unresolved patent challenges. As a result, the
durability of these franchises is uncertain. Horizon's pro forma
debt/EBITDA is relatively high at about 5.0x. The company has good
deleveraging prospects from solid free cash flow, although
acquisitions are likely to result in moderately high financial
leverage.

The SGL-1 Speculative Grade Liquidity rating is supported by
Horizon's high margins, good free cash flow, and rising cash
levels. Good free cash flow will continue, barring any large
litigation-related outflows.

The rating outlook is stable, incorporating Moody's expectations
for growth in orphan diseases, stability in primary care products,
and high financial leverage stemming from a continuing focus on
acquisitions.

Factors that could lead to an upgrade include: solid organic
revenue growth including good volume trends, progress at favorably
resolving patent challenges, resolution of outstanding Department
of Justice subpoena into marketing and commercialization practices,
and debt/EBITDA sustained below 4.5 times. Conversely, factors that
could lead to a downgrade include generic competition for key
products, weak organic growth stemming from payor push-back or
significant price deflation, escalation of legal risks,
aggressively financed acquisitions, or debt/EBITDA sustained above
6.0 times.

Headquartered in Lake Forest, Illinois, Horizon Pharma, Inc., is an
indirect wholly-owned subsidiary of Dublin, Ireland-based Horizon
Pharma plc (collectively "Horizon"). Horizon is a publicly-traded
specialty pharmaceutical company marketing products in arthritis,
inflammation and orphan diseases, with reported revenue of $981.1
million in 2016.

The principal methodology used in these ratings was Global
Pharmaceutical Industry published in December 2012.


HOUSTON AMERICAN: Incurs $2.64 Million Net Loss in 2016
-------------------------------------------------------
Houston American Energy Corp. filed with the Securities and
Exchange Commission its annual report on Form 10-K disclosing a net
loss of $2.64 million on $165,910 of oil and gas revenue for the
year ended Dec. 31, 2016, compared to a net loss of $3.83 million
on $429,435 of oil and gas revenue for the year ended Dec. 31,
2015.

As of Dec. 31, 2016, Houston American had $2.94 million in total
assets, $88,571 in total liabilities and $2.85 million in total
shareholders' equity.

The price the Company receives for its oil and natural gas
production heavily influences its revenue, profitability, access to
capital and future rate of growth.  Oil and natural gas are
commodities and, therefore, their prices are subject to wide
fluctuations in response to relatively minor changes in supply and
demand.  Historically, the markets for oil and natural gas have
been volatile.  These markets will likely continue to be volatile
in the future.  

"The ongoing decline in prices has reduced, and any declines that
may occur in the future can be expected to reduce, our revenues and
profitability as well as the value of our reserves.  Such declines
adversely affect well and reserve economics and may reduce the
amount of oil and natural gas that we can produce economically,
resulting in deferral or cancellation of planned drilling and
related activities until such time, if ever, as economic conditions
improve sufficiently to support such operations.  Any extended
decline in oil or natural gas prices may materially and adversely
affect our future business, financial condition, results of
operations, liquidity or ability to finance planned capital
expenditures," the Company said.

GBH CPAs, PC, in Houston, Texas -- www.gbhcpas.com -- issued a
"going concern" qualification on the consolidated financial
statements for the year ended Dec. 31, 2016, noting that the
Company has suffered recurring losses from operations, which raises
substantial doubt about its ability to continue as a going
concern.

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

                     https://is.gd/6lRBOK

Meanwhile, Houston American has prepared updated slides reflecting
recent developments in Reeves County and updated Company
information to be posted on the Company's web site and for use in
connection with investor presentations.  The presentation slides to
be used are available for free at https://is.gd/FOp7Qt

               About Houston American Energy Corp.

Based in Houston, Texas, Houston American Energy Corp.
(NYSEMKT:HUSA) -- http://www.HoustonAmericanEnergy.com/-- is an
independent energy company with interests in oil and natural gas
wells, minerals and prospects.  The Company's business strategy
includes a property mix of producing and non-producing assets with
a focus on Texas, Louisiana and Colombia.


ICAGEN INC: Board Grants 70,000 Options Under 2015 Stock Plan
-------------------------------------------------------------
The Board of Directors of Icagen, Inc., granted under the Company's
2015 Stock Incentive Plan the following: (i) options to purchase
10,000 shares of common stock, par value $0.001 per share of the
Company to each of the Company's five non-employee members of the
Board (which equals options to purchase an aggregate of 50,000
shares of Common Stock); and (ii) options to purchase 20,000 shares
of Common Stock to Richie Cunningham, the Company's chief executive
officer.  All of the stock options granted have an exercise price
of $3.50 per share, vest monthly on a pro rata basis over a three
year period and expire ten years after the date of grant.  In
addition, the Board approved a bonus to Mr. Cunningham of 70% of
his base pay together with the options mentioned above and a merit
increase in his base salary of 2.5%.

                        About Icagen

Icagen, Inc., formerly known as XRpro Sciences, Inc., is a
biopharmaceutical company, focuses on the discovery, development,
and commercialization of orally-administered small molecule drugs
that modulate ion channel targets.  Its drug candidates include
ICA-105665, a small molecule compound that targets specific KCNQ
ion channels for the treatment of epilepsy and pain, which is in
Phase II clinical trial stage; and a compound that targets the
sodium channel Nav1.7 for the treatment of pain, which is in Phase
I clinical trial stage.

Icagen reported a net loss applicable to common stock of $8.72
million on $1.58 million of sales for the year ended Dec. 31, 2015,
compared to a net loss applicable to common stock of $569,288 on
$541,794 of sales for the year ended Dec. 31, 2014.

As of Sept. 30, 2016, Icagen had $20.51 million in total assets,
$22.74 million in total liabilities, and a total stockholders'
deficit of $2.23 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, which has resulted in an accumulated deficit of
approximately $22.143 million at Dec. 31, 2015.  These conditions
among others raise substantial doubt about the Company's ability to
continue as a going concern.


IMMUNOCELLULAR THERAPEUTICS: Audit with Going Concern Explanation
-----------------------------------------------------------------
ImmunoCellular Therapeutics, Ltd. on March 14, 2017, announced
that, as previously disclosed in its Annual Report on Form 10-K for
the year ended December 31, 2016 filed with the Securities and
Exchange Commission on March 9, 2017, the audited financial
statements contained an audit opinion from its independent
registered public accounting firm that included a going concern
emphasis of matter paragraph.  This announcement is made pursuant
to NYSE MKT Company Guide Section 610(b), which requires public
announcement of the receipt of an audit opinion containing a going
concern paragraph.  This announcement does not represent any change
or amendment to the Company's financial statements or to its Annual
Report on Form 10-K for the year ended December 31, 2016.

              About ImmunoCellular Therapeutics, Ltd.

ImmunoCellular Therapeutics, Ltd. (NYSE MKT: IMUC) is a Los
Angeles-based clinical-stage company that is developing
immune-based therapies for the treatment of brain and other
cancers.  The Company's lead product candidate, ICT-107, is a
patient-specific, dendritic cell-based immunotherapy targeting
glioblastoma and is currently being studied in an international
phase 3 trial.  ImmunoCellular's pipeline also includes: ICT-121, a
patient-specific, dendritic cell-based immunotherapy targeting
CD133 found in recurrent glioblastoma; ICT-140, a patient-specific,
dendritic cell-based immunotherapy targeting ovarian cancer; and
the Stem-to-T-cell research program which engineers hematopoietic
stem cells to generate cytotoxic T cells.


INSTALLED BUILDING: Moody's Assigns B1 Corporate Family Rating
--------------------------------------------------------------
Moody's Investors Service assigned a B1 Corporate Family Rating
("CFR") to Installed Building Products Inc. As part of this rating
action, Moody's also assigned a B1 rating to IBP's proposed 7-year
$300 million term loan B. Proceeds will be used to refinance IBP's
existing credit facilities with $400 million of new senior secured
credit facilities. In addition to the proposed $300 million term
loan B, the refinancing will include a 5-year $100 million asset
based ("ABL") revolving credit facility (not rated by Moody's).
Moody's also assigned a SGL-2 Speculative Grade Liquidity Rating.
The rating outlook is stable.

The proposed refinancing follows IBP's recent acquisition of Trilok
Industries, Inc., Alpha Insulation & Waterproofing, Inc. and Alpha
Insulation & Waterproofing Company (collectively, "Alpha), which
closed January 5, 2017. IBP funded the $96 million acquisition
(plus additional earnout payments of up to $25 million) with cash
on hand, borrowings under its previous delayed draw term loan,
stock issuance, and seller obligations. Moody's expects the Alpha
acquisition to positively impact IBP's sales mix to commercial
end-markets and increase the company's product mix
diversification.

The following is a summary of Moody's ratings and rating actions
taken for Installed Building Products Inc.:

- Corporate family rating ("CFR"), assigned B1;

- Probability of Default Rating, assigned B1-PD;

- $300 million senior secured term loan B due 2024, assigned B1
  (LGD4);

- Speculative Grade Liquidity Rating, assigned SGL-2;

- Rating Outlook, assigned Stable.

RATINGS RATIONALE

The B1 rating reflects Installed Building Products' ("IBP")
well-established business model, with a strong position in the
insulation installation sector, and long-standing supplier and
customer relationships. IBP's recent Alpha acquisition should
improve IBP's sales mix to commercial end-markets and increase the
company's product diversity. The rating also considers IBP's rather
conservative capital structure with modest leverage levels. Pro
forma for this transaction, Moody's estimates adjusted debt/EBITDA
to be 3.1x at FYE2016. Moody's anticipates the company to be able
to keep leverage at or below 3.0x during the next 12 to 18 months.
The rating also accounts for continued positive momentum in US
housing starts expected during Moody's time horizon.

At the same time, the B1 rating considers IBP's propensity to grow
via acquisitions, which could prove increasingly riskier and more
expensive going forward. IBP also operates in a highly fragmented
and fiercely competitive industry. The majority of its sales come
from domestic new housing construction, a highly cyclical and
volatile end market. These factors could challenge IBP's credit
profile should the company face stronger market competition an
unexpected slowdown in housing starts and completions.

The B1 rating assigned to the proposed $300 million senior secured
term loan B due 2024 reflects its position as the preponderance of
debt in IBP's debt capital structure. The term loan features a 1%
mandatory amortization with a bullet payment at maturity.

The SGL-2 Speculative Grade Liquidity Rating reflects IBP's good
liquidity profile. Moody's expects IBP to improve cash flows
steadily over the next 12-15 months, and funds from operations
along with cash on hand to comfortably service the company's
working capital and capital expenditure needs. IBP's main source of
short-term liquidity, besides cash flow from operations, is its new
5-year $100 million asset based ("ABL") revolving credit facility
(unrated). The revolver is expected to be undrawn at transaction
close, and Moody's expects revolver availability over the next
12-15 months will be sufficient to meet potential operating cash
shortfalls or any extraordinary capital needs.

The stable outlook is based upon Moody's expectations that IBP will
be able to generate sufficient cash from operations to fund basic
cash requirements and expenditures while maintaining its credit
metrics within the B1 category during the next 12 to 18 months.

WHAT COULD CHANGE RATINGS UP/DOWN

Positive rating actions could ensue if IBP's operating performance
exceeds Moody's expectations, resulting in a better liquidity
profile and adjusted debt credit metrics:

- Adjusted debt-to-EBITDA sustained below 2.50x.

- Revenues approaching $2 billion.

- Increased product and end-market diversification.

Alternatively, negative rating actions may occur if IBP's operating
performance falls below Moody's expectations, or if the company
experiences a weakening in financial performance resulting in the
following adjusted metrics:

- Adjusted debt-to-EBITDA increasing above 4.50x.

- Operating and profit margins contract materially.

- Free cash flow deteriorates significantly and on a sustained
   basis.

The principal methodology used in these ratings was Distribution &
Supply Chain Services Industry published in December 2015.

Headquartered in Columbus, Ohio, Installed Building Products Inc.
is a leading residential insulation installer in the United States.
The company has over 125 locations serving all 48 continental
states and the District of Columbia. In addition to insulation, IBP
installs other building products such as garage doors, rain
gutters, shower doors, closet shelving and mirrors. In 2016, IBP
had revenues of $863 million and Moody's adjusted EBITDA of $112
million.


INSTALLED BUILDING: S&P Assigns 'BB-' CCR; Outlook Stable
---------------------------------------------------------
S&P Global Ratings said it assigned its 'BB-' corporate credit
rating to Installed Building Products Inc.  The rating outlook is
stable.

Installed Building (IBP) is proposing new $400 million senior
secured credit facilities to refinance existing debt.  The
facilities consist of a $100 million asset-based lending (ABL)
revolving credit facility (unrated) and a $300 million first-lien
term loan.

At the same time, S&P assigned its 'BB' issue-level rating (one
notch above the corporate credit rating) to the company's proposed
$300 million first-lien term loan due 2024.  The recovery rating on
the first-lien term loan is '2', indicating S&P's expectation of
substantial recovery (70% to 90%, rounded estimate: 80%) for
lenders in the event of a payment default.

"The stable rating outlook on IBP reflects our expectation that the
company will be able to improve pro forma credit measures, with a
debt-to-EBITDA ratio of less than 3x and FFO to debt of more than
25%, over the next 12 months," said S&P Global Ratings credit
analyst Pablo Garces.

S&P could lower its rating on IBP if the U.S. housing recovery
experienced a sudden and significant reversal or if the company
experienced difficulties in integrating further acquisitions,
causing debt-to-EBITDA to trend above the mid-3x area.  Given the
company's high correlation to new housing starts and the industry's
history of boom and bust cycles, S&P could lower the rating if
gross margins fell in excess of 200 basis points or revenues
declined by more than 15%, compared with S&P's 2017 forecast.

S&P could raise its corporate credit rating on IBP over the next 12
months under the context of improving end market demand in new
single-family construction, resulting in debt-to-EBITDA leverage
measures being sustained below 2x.  In S&P's view, this scenario
would require mid-single-digit growth, with limited debt-funded
acquisitions, share repurchases, or dividends.  While a debt
leverage level of less than 2x would usually be indicative of a
modest financial risk profile, given IBP's correlation to the
highly cyclical new residential construction market, S&P believes
the company would be subject to a high level of earnings volatility
in a downturn.


INTERNATIONAL AUTO: Taps Shraiberg Landau as Legal Counsel
----------------------------------------------------------
International Auto Group of South Florida, Inc. seeks approval from
the U.S. Bankruptcy Court for the Southern District of Florida to
hire legal counsel in connection with its Chapter 11 case.

The Debtor proposes to hire Shraiberg, Landau & Page, P.A. to give
legal advice regarding its duties under the Bankruptcy Code,
negotiate with creditors, assist in the implementation of a
bankruptcy plan, and provide other legal services.

The hourly rates charged by the firm for its attorneys range from
$225 to $500.  Legal assistants charge $175 per hour.

Bradley Shraiberg, Esq., the attorney designated to represent the
Debtor, will be paid an hourly fee of $500.

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

The firm can be reached through:

     Bradley S. Shraiberg, Esq.
     Gregg Steinman, Esq.
     Shraiberg, Landau & Page, P.A.
     2385 NW Executive Center Drive, Suite 300
     Boca Raton, FL 33431
     Tel: 561-443-0800
     Fax: 561-998-0047
     Email: bss@sflp.law

                 About International Auto Group
                         of South Florida

Based in Fort Lauderdale, Florida, International Auto Group of
South Florid, Inc. sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. S.D. Fla. Case No. 17 -13165) on March 16,
2017.  The petition was signed by Arthur Siegle, president.   The
case is assigned to Judge John K. Olson.

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


ISLAND FESTIVAL: Taps Tamarez CPA as Accountant
-----------------------------------------------
Island Festival Rentals and Recycling Corp. seeks approval from the
US Bankruptcy Court for the District of Puerto Rico to employ
Albert Tamarez-Vasquez, CPA, CIRA and his accounting firm TAMAREZ
CPA, LLC as the Debtor's accountant.

Matters on which the accountant will work on are:

     a) reconcile financial information to assist the Debtor in the
preparation of monthly operating reports;

     b) assist in the reconciliation and clarification of proofs of
claim filed and amount due to creditors, including tax
investigation initiated by Puerto Rico Department of Treasury;

     c) provide general accounting and tax services to prepare
quarterly tax returns, withholding statements, year-end reports and
income tax preparation; and

     d) assist the Debtor and its counsel in the preparation of the
supporting documents for the Chapter 11 Reorganization Plan.

Tamarez CPA will be paid a fixed monthly rate of $700.00, plus
reimbursement of actual out-of-pocket expenses incurred in this
case.

Albert Tamarez-Vasquez, CPA, CIRA, attests that he is considered a
disinterested party pursuant to 11 U.S.C. Section 101(14) of the
Code.

The Firm can be reached through:

     Albert Tamarez-Vasquez, CPA, CIRA
     TAMAREZ CPA LLC
     First Federal Saving Building
     1519 Ave. Ponce De Leon Suite 412
     San Juan, PR 00909-1723
     Tel: (787) 795-2855
     Fax: (787) 200-7912
     Email: atamarez@tamarezcpa.com

                           About Island Festival Rentals

Island Festival Rentals and Recycling Corp. sought protection under
Chapter 11 of the Bankruptcy Code (Bankr. D. P.R. Case No.
17-01377) on February 28, 2017.  The petition was signed by
Wilfredo Medina Ramirez, president.  The case is assigned to Judge
Edward A Godoy.  At the time of the filing, the Debtor estimated
assets of less than $100,000 and liabilities of $1 million to $10
million.


KAISER GYPSUM: Seeks to Hire Williams Kastner as Special Counsel
----------------------------------------------------------------
Kaiser Gypsum Company, Inc. seeks approval from the U.S. Bankruptcy
Court for the Western District of Carolina to hire Williams Kastner
as special counsel.

The firm will provide legal services in connection with asbestos
bodily injury-related claims asserted against Kaiser Gypsum and its
affiliates.

The hourly rates charged by the firm for the services of its
attorneys range from $345 to $475.

Robert Manlowe, Esq., disclosed in a court filing that he and his
firm have no connection with the Debtors or any of their
creditors.

The firm can be reached through:

     Robert C. Manlowe, Esq.
     Williams Kastner
     Two Union Square
     601 Union Street, Suite 4100
     Seattle, WA 98101
     Tel: (206) 628-6600
     Fax: (206) 628-6611
     Email: bmanlowe@williamskastner.com

                       About Kaiser Gypsum

Kaiser Gypsum Company, Inc., and affiliate Hanson Permanente
Cement, Inc. sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. W.D.N.C. Case Nos. 16-31602 and 16-10414) on Sept.
30, 2016.  The petitions were signed by Charles E. McChesney, II,
vice-president and secretary.

The companies are represented by Rayburn Cooper & Durham P.A. and
Jones Day.  Cook Law Firm, P.C. and K&L Gates LLP serve as special
insurance counsel; NERA Economic Consulting as consultant; Miller
Nash Graham & Dunn LLP as special environmental and insurance
counsel; and PricewaterhouseCoopers LLP as financial advisors.

At the time of the filing, Kaiser and Hanson estimated their assets
and liabilities at $100 million to $500 million. Kaiser's principal
business consisted of manufacturing and marketing gypsum plaster,
gypsum lath and gypsum wallboard. The company has no current
business operations other than managing its legacy asbestos-related
and environmental liabilities. The company has no material tangible
assets.

HPCI's primary business was the manufacture and sale of Portland
cement products. It is a wholly-owned, indirect subsidiary of
non-debtor Lehigh Hanson, Inc.

HPCI is the direct parent of Kaiser Gypsum as well as non-debtor
Hanson Micronesia Cement, Inc. and non-debtor Hanson Permanente
Cement of Guam, Inc., the operating subsidiaries. Non-debtor
Permanente Cement Company, which has no assets or operations, is
also a wholly-owned subsidiary of HPCI.

The Office of the U.S. Trustee appointed three creditors to serve
on the official committee of unsecured creditors in the Chapter 11
case of Kaiser Gypsum Company, Inc. The Committee hires Blank Rome
LLP as counsel, and Moon Wright & Houston, PLLC.

An Official Committee of Asbestos Personal Injury Claimants
retained Caplin & Drysdale, Chartered, as its counsel.

Lawrence Fitzpatrick, the Future Claimants' Representative, tapped
Ankura Consulting Group, LLC as his claims evaluation consultant;
Young Conaway Stargatt & Taylor, LLP as attorney; and Hull &
Chandler, P.A. as local counsel.


KCST USA: Case Summary & 20 Largest Unsecured Creditors
-------------------------------------------------------
Debtor: KCST USA, Inc.
          f/k/a Axia NG Networks USA, Inc.
        300 Baker Avenue
        Concord, MA 01742

Case No.: 17-40501

About the Debtor: KCST USA is the private operator of
Massachusetts-owned MassBroadband123, a "middle mile" fiber optic
network.  KCST said it operated the network at a substantial loss
since its inception.  KCST reported net losses of $3.1 million in
2014, $3.5 million in 2015, and $1.3 million during the first seven
months of 2016,

Chapter 11 Petition Date: March 22, 2017

Court: United States Bankruptcy Court
       District of Massachusetts (Worcester)

Judge: Hon. Elizabeth D. Katz

Debtor's Counsel: Andrew G. Lizotte, Esq.
                  MURPHY & KING, P.C.
                  One Beacon Street, 21st floor
                  Boston, MA 02108
                  Tel: (617) 423-0400
                  Fax: (617)556-8985
                  E-mail: agl@murphyking.com

                    - and -

                  Harold B. Murphy, Esq.
                  MURPHY & KING, P.C.
                  One Beacon Street, 21st Floor
                  Boston, MA 02108
                  Tel: (617) 423-0400
                  Fax: (617) 556-8985
                  E-mail: hmurphy@murphyking.com

Debtor's
Restructuring
Officer:          HURON CONSULTING SERVICES, LLC

Estimated Assets: $500,000 to $1 million

Estimated Liabilities: $10 million to $50 million

The petition was signed by Terrence Fergus, president.

A copy of the Debtor's list of 20 largest unsecured creditors is
available for free at http://bankrupt.com/misc/mab17-40501.pdf


KPEX HOLDINGS: S&P Assigns 'B' CCR & Rates $400MM Facility 'B'
--------------------------------------------------------------
S&P Global Ratings assigned its 'B' corporate credit rating to KPEX
Holdings Inc.  The rating outlook is stable.

At the same time, S&P assigned a 'B' issue-level rating to PPC
Industries Inc.'s $400 million credit facility, which consists of a
$40 million revolver and a $360 million term loan.  The recovery
rating on this debt is '3', indicating S&P's expectation of
meaningful (50%-70%; rounded estimate: 60%) recovery in the event
of payment default.

KPEX Holdings, owned by private equity sponsor Kohlberg & Co., is
acquiring Pexco LLC.  The company's capital structure will consist
of a $40 million first-lien revolver, a $360 million first-lien
term loan, and a $117 million second-lien term.

S&P also assigned a 'CCC+' issue-level rating to the company's $117
million second-lien term loan.  The recovery rating on this debt is
'6', indicating S&P's expectation for negligible (0%-10%; rounded
estimate: 0%) recovery in the event of payment default.

KPEX Holdings Inc.'s primary operating subsidiary is PPC
Industries.  PPC Industries is a contract manufacturer of plastic
components with a focus on three main end markets.  Products in the
medical end markets (about 50% of pro forma revenues) include
catheters, cannulae, and implantable ligament repair screws;
products in the food and specialty films end markets (25%) include
auto-insertion bags and protective air pillows for packaging; and
products used in industrial end markets (25%) include traffic,
lighting, and fence products.

Business risk is characterized by the company's limited scale
relative to other contract manufacturer organizations (CMO) S&P
rates; the fragmented and somewhat-commodity-like industry of
contract manufacturing; limited barriers to entry; limited
geographic diversification (with about 80% of revenues within the
U.S.); and average margins compared with CMO peers.

These characteristics are only partially offset by the company's
competitive advantages derived from a niche position within certain
differentiated products, very diverse product portfolio and
customer base, and the stickiness of existing customer contracts
especially within the health care business.  In addition, the
company has substantial in-house engineering expertise in extrusion
processes, the ability to pass through commodity price fluctuations
to customers relatively quickly, and a broader range of
manufacturing capabilities than many smaller competitors, which
should provide a tailwind for the company as original equipment
manufacturers (OEMs) continue to pursue vendor consolidation.

S&P's rating on KPEX reflects its highly leveraged financial risk
profile, and S&P's view that it will sustain leverage above 5x over
the next several years.

S&P's rating outlook on KPEX is stable, reflecting S&P's
expectation that, with strong revenue growth and stable margins,
the company's leverage will likely remain above 5x over the next
few years, even as the company generates substantial free cash
flow.

S&P could lower the rating if the company fails to achieve
synergies or experiences operational challenges in the integration
of Pexco or intensified competition, such that free cash flow falls
below $10 million (excluding acquisition spending).  This could
occur if EBITDA margins contract by about 400 basis points.

Although S&P considers an upgrade unlikely, it could raise the
rating if the company acquires substantial scale and delevers to
below 5x, providing that S&P also gains confidence that company was
committed to sustaining adjusted debt leverage at those levels.


LA PALOMA GENERATING: Seeks to Move Plan Filing Deadline to July 5
------------------------------------------------------------------
La Paloma Generating Company, et al., ask the U.S. Bankruptcy Court
for the District of Delaware to extend their exclusive right to
file a Chapter 11 plan and solicit acceptances for that plan
through and including July 5, 2017 and September 5, 2017.

The Debtors aver that they have spent the past three months since
filing for bankruptcy to negotiate with stakeholders regarding,
among other things, access to cash and evaluating strategic options
and methids for maximizing creditor recoveries.  The requested
extension will provide the Debtors with the opportunity to continue
to work with their stakeholders to formulate an exit strategy for
their Chapter 11 cases.

The Debtors and their advisors have spent the few months
stabilizing their business.  They focused on ensuring they had
access to sufficient capital to continue operations.

The Debtors maintain that the extension they seek will not
prejudice or pressure their creditor constituencies or grant them
an unfair bargaining leverage.

The Debtors add that they continue to make timely payments on their
undisputed postpetition obligations.

                 About La Paloma Generating

La Paloma Generating Company, LLC, a D.C.-based merchant power
generator, and its affiliates La Paloma Acquisition Co, LLC, and
CEP La Paloma Operating Company, LLC filed separate Chapter 11
bankruptcy petitions (Bankr. D. Del. Case Nos. 16-12700 to
16-12702) on Dec. 6, 2016.  The Hon. Christopher S. Sontchi
presides over the cases.  The petitions were signed by Niranjan
Ravindran, as authorized person.

The Debtors are represented by John J. Rapisardi, Esq., and George
A. Davis, Esq., at O'Melveny & Myers LLP, as lead bankruptcy
counsel; and Mark D. Collins, Esq., Andrew Dean, Esq., and Jason M.
Madron, Esq., at Richards, Layton & Finger, P.A., as Delaware
counsel.  Lawyers at Curtis, Mallet-Prevost, Colt & Mosle LLP serve
as conflicts counsel.  Jefferies LLC serves as the Debtors'
financial advisor and investment banker, while their claims and
noticing agent is Epiq Bankruptcy Solutions.  Alvarez & Marsal
North America, LLC, as financial advisor.

La Paloma Generating estimated $100 million to $500 million in
assets and $500 million to $1 billion in liabilities.


LANTHEUS HOLDINGS: S&P Affirms 'B' CCR & Revises Outlook to Pos.
----------------------------------------------------------------
S&P Global Ratings affirmed its 'B' corporate credit ratings on
Lantheus Holdings Inc. and revised the outlook to positive from
stable.

At the same time, S&P assigned its 'B' issue-level rating to
Lantheus' proposed senior secured credit facility, which consists
of a $75 million cash flow revolver and up to $275 million term
loan B.  The recovery rating on this debt is '3', indicating
expectations of meaningful (50%-70%; rounded estimate: 65%)
recovery in the event of a payment default.

"Our positive rating outlook on Lantheus is based on our
expectation that it will be able to sustain its recent higher
operating performance and continue to steadily improve its
financial metrics over the next 12 months, despite increased
domestic competition and ongoing pricing pressures," said S&P
Global Ratings credit analyst Adam Dibe.  However, the company has
a narrow business focus, high product and geographic concentration,
and is relatively small, all of which makes it susceptible to
customer pricing demands. Lantheus also has a limited product
pipeline and DEFINITY, its top-selling echocardiography product,
may soon face generic competition.  For these reasons, S&P
continues to assess business risk as vulnerable.

S&P's positive outlook on Lantheus is based on S&P's expectation
that company will be able to maintain market leadership and sustain
improved financial metrics over the next 12 months, despite
increased domestic competition and continued pricing pressure.

S&P could raise the rating if Lantheus continues to record solid
operating performances, despite increased pricing pressure or
anticipated domestic competition from IBA Molecular and is able to
maintain its improved financial risk profile.  This would include
mid-single-digit revenue growth and EBITDA margins sustained above
23%, resulting in adjusted leverage of around 4.0x, which is at the
low end of the range for an aggressive financial risk profile.

S&P could revise the outlook back to stable if Lantheus is unable
to withstand competitive pressures without sacrificing its newly
conservative financial policy, resulting in inflated credit
measures.  This could occur if Lantheus is unable to increase
volume or prices, causing EBITDA margin to decline, revenue growth
to stay flat, and pushing leverage closer to 5.0x.


LEGACY RESERVES: Moody's Hikes CFR to Caa2, Outlook Stable
----------------------------------------------------------
Moody's Investors Service upgraded Legacy Reserves LP's Corporate
Family Rating to Caa2 from Caa3, Probability of Default Rating to
Caa2-PD from Caa3-PD, and senior unsecured notes to Caa3 from Ca.
Moody's also upgraded Legacy's Speculative Grade Liquidity (SGL)
rating to SGL-3 from SGL-4. The outlook is stable.

"Legacy's upgrade to Caa2 reflects Moody's expectations of improved
cash flow and credit metrics in 2017 as a result of debt reduction
and higher commodity prices underpinned by good hedges in 2017 and
2018," said RJ Cruz, Moody's Vice President, "The upgrade also
reflects improved liquidity and the benefits of the amended joint
development agreement with TPG."

Upgrades:

Issuer: Legacy Reserves LP

-- Probability of Default Rating, Upgraded to Caa2-PD from Caa3-
    PD

-- Corporate Family Rating, Upgraded to Caa2 from Caa3

-- Senior Unsecured, Upgraded to Caa3(LGD5) from Ca(LGD5)

-- Speculative Grade Liquidity, Upgraded SGL-3 from SGL-4

Outlook Actions:

Issuer: Legacy Reserves LP

-- Outlook, Remains Stable

RATINGS RATIONALE

Legacy's Caa2 Corporate Family Rating (CFR) reflects the company's
high leverage, weak cash flow coverage (less than 7% retained cash
flow to debt, $27,272 Debt/Average Daily Production) and recent
history of declining production. However, the rating also considers
management's actions to improve the company's liquidity and credit
profile, including selling assets and reducing debt. Additionally,
the rating is supported by the company's joint development
agreement with TPG, higher commodity prices, good hedges and the
prospect of generating positive free cash flow in 2017.

Moody's expects Legacy to maintain adequate liquidity into 2018, as
indicated by the SGL-3 rating. The company had a cash balance as of
December 31, 2016 of about $2.6 million and Moody's anticipates
free cash flow of about $25-$50 million during 2017 factoring in
the company's plans for $55-$60 million in capital spending during
the year. Legacy has a senior secured revolving credit facility due
April 2019 with a $600 million borrowing base, of which $464
million was drawn as of February 21, 2017 and $134 million was
available. In October 2016, Legacy drew down $60 million of new 12%
second lien term loans due August 2021 under a $300 million
facility (unrated) with proceeds to repay revolver outstandings.
This facility allows $240 million of incremental borrowings
available through October 25, 2017. The revolver contains three
financial covenants while the term loan has two financial
covenants, and Moody's expects Legacy to remain in compliance with
them through 2017. Alternate sources of liquidity are limited as
its assets are pledged as collateral to the secured debt.

In accordance with Moody's Loss Given Default (LGD) Methodology,
the senior unsecured notes are rated one notch lower than the Caa2
CFR given their subordination to the revolver and the second lien
term loan.

The stable outlook reflects Moody's expectations of flat to
modestly lower production volumes and positive free cash flow
generation over the next 12 to 18 months.

The rating could be upgraded if Legacy's retained cash flow to debt
is sustained above 10%, and the company maintains comfortable
cushion with respect to its revolving credit agreement financial
covenants.

The ratings could be downgraded if Legacy's production volumes
decline materially, interest coverage falls below 2.0x, or the
company's liquidity deteriorates.

Legacy, headquartered in Midland, Texas, is a publicly traded
exploration and production master limited partnership. Legacy has
natural gas (70% of production during the fourth quarter of 2016),
oil (25%), and NGL (5%) producing properties located in the Permian
Basin, East Texas, Rocky Mountains, and Mid-Continent. Production
for the year ended 2016 averaged 44 Mboe/d. Legacy is controlled by
its general partner, Legacy Reserves GP, LLC (unrated). The GP is
controlled by Legacy's founding investors, directors and
management, who collectively own 15% of Legacy's limited partner
units.

The principal methodology used in these ratings was Global
Independent Exploration and Production Industry published in
December 2011.


LILY ROBOTICS: May Use Spark Capital's Cash Until March 31
----------------------------------------------------------
The U.S. Bankruptcy Court for the District of Delaware has granted
Lily Robotics, Inc., interim authorization to use through March 31,
2017, the cash collateral of Spark Capital IV, L.P., as successor
in interest to SVB Financial Group.

The Debtor said that its estate and business will be immediately
and irreparably harmed.  The Debtor requires immediate use of cash
collateral to, among other things, preserve assets in preparation
of a sale and pay basic expenses like payroll, professionals, and
utilities.  

As of the Petition Date, the Debtor is indebted to the Prepetition
Secured Lender pursuant to the loan and security agreement dated
Dec. 14, 2015, in the original principal amount of $4 million.  As
of the Petition Date, there is approximately $3,777,777.78 in
principal and interest outstanding under the Loan and Security
Agreement due.  The Prepetition Debt is validly secured with a
first priority lien on substantially all of the assets of the
Debtor, except for intellectual property but including the proceeds
of the intellectual property.  The loan was scheduled to mature in
November 2019.  All cash and cash equivalents of the Debtor are
asserted by the Perpetition Secured Lender as prepetition
collateral or proceeds thereof.

As adequate protection for any use or diminution in the value of
the Prepetition Secured Lender's interest in the prepetition
collateral, the Debtor (i) will comply with the budget -- a copy of
which is available at http://bankrupt.com/misc/deb17-10426-31.pdf;
and (ii) will deliver to the Prepetition Secured Lender on the
first business day of each week a weekly variance report setting
forth budget-to-actual comparisons for the immediately prior week.

As further adequate protection, the Debtor will not grant a lien on
any of its assets.  The Prepetition Secured Lender reserves the
right to file with the Court a motion to seek additional adequate
protection of its interest.

In connection with sale or other disposition of all or any portion
of the prepetition collateral in which the Prepetition Secured
Lender has an interest, the Prepetition Secured Lender will have
the right to use the prepetition debt or any part thereof to credit
bid with respect to any bulk or piecemeal sale of all or any
portion of the prepetition collateral.

                       About Lily Robotics

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

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

Judge Kevin J. Carey presides over the case.

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

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

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


LILY ROBOTICS: U.S. Trustee Forms 3-Member Committee
----------------------------------------------------
Andrew Vara, acting U.S. trustee for Region 3, on March 22
appointed three creditors to serve on the official committee of
unsecured creditors in the Chapter 11 cases of Lily Robotics Inc.
and its affiliates.

The committee members are:

     (1) Weifang GoerTek Electronics Co., Ltd.
         c/o GoerTek Electronics, Inc.
         Attn: Kevin He, Esq.
         5451 Great America Parkway, Suite 302
         Santa Clara, CA 95054
         Phone: 203-233-5123

     (2) Tooploox Sp. Zoo.
         Attn: Pawel Solyga and Damian Walczak
         Teczowa 7, 53-601
         Wroclaw, Poland
         Phone: +48-733-888-088

     (3) True Capital Partners, LLC
         Attn: Kevin Webb
         56 N Haddon Ave, 1st Floor
         Haddonfield, NJ 08033
         Phone: 646-502-8997

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 Lily Robotics

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

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

Judge Kevin J. Carey presides over the case.

Orrick Herrington & Sutcliffe LLP is the Debtor's bankruptcy
counsel while Morris, Nichols, Arsht & Tunnell LLP serves as
co-counsel.

The Debtor hired Curtis Solsvig III of Goldin Associates, LLC as
chief restructuring officer.  Prime Clerk LLC serves as its claims
and noticing agent and administrative advisor.


LOVE AND WAR: Hires Austin-Said as Manager
------------------------------------------
Love and War in Texas, Inc. seeks authorization from the U.S.
Bankruptcy Court for the Eastern District of Texas to employ
Austin-Said, LLC and Michael Byboth as manager.

The Debtor seeks to employ Austin-Said, LLC and M.G. "Red" Byboth
-- the "Austin-Said/Byboth" -- to provide management services for
the Business effective as of March 1, 2017.

Austin-Said/Byboth will operate, manage and maintain the Business
under the direction of the owner of the Debtor and in accordance
with sound management practices and pursuant to the terms of the
Agreement.

The compensation to be paid to Austin-Said/Byboth a monthly
management fee of 5.0% of net revenues of the Business to the
extent that there are net revenues at the end of each month.

In January 2017, Mr. Byboth advanced the sum of $15,000 in order
for the Debtor to make its monthly rent to Mohammed Jetpuri, the
landlord of the Business.  His partner, Caleb Chalmers, also
advanced $15,000 for the same purpose.

Michael G. "Red" Byboth, president of Austin-Said, assured the
Court that the firm is a "disinterested person" as the term is
defined in Section 101(14) of the Bankruptcy Code and does not
represent any interest adverse to the Debtor and its estate.

Austin-Said can be reached at:

       Michael G. "Red" Byboth
       AUSTIN-SAID, LLC
       2722 W Fm 544
       Wylie, TX 75098

                   About Love and War in Texas

Love and War in Texas, Inc. sought protection under Chapter 11 of
the Bankruptcy Code (Bankr. E.D. Tex. Case No. 16-42136) on
November 23, 2016.  The petition was signed by J. Tyler Phelps.  At
the time of the filing, the Debtor estimated assets of less than
$50,000 and liabilities of less than $1 million.  The Debtor is
represented by Patrick J. Schurr, Esq. at Scheef & Stone, LLP.


M.O.R. PRINTING: May Use People's Capital's Cash Until June 27
--------------------------------------------------------------
The Hon. John K. Olson of the U.S. Bankruptcy Court for the
Southern District of Florida has entered an agreed interim order
authorizing M.O.R. Printing, Inc., to use cash collateral of
People's Capital & Leasing Corporation nunc pro tunc to Feb. 8,
2017.

A final hearing on the Debtor's cash collateral use is scheduled
for June 27 2017, at 10:30 a.m.

The Secured Lender claims an indebtedness as of the Petition Date
in the amount in excess of $1 million and a security interest in
all of the Debtor's assets, including but not limited to cash
collateral, accounts, receivables, proceeds and all personal
property including a KBA Rapida Six Color Sheetfed Offset Press, a
Heidelberg Stitchmaster Saddle Stitcher, and other related
equipment.

The Debtor will make voluntary adequate protection payments of
$17,500 per month to Secured Lender for a period of three months
with the first payment due on March 1, 2017 (and no later than
March 10, 2017), and each subsequent payment due on the first day
of each month thereafter (and no later than the 10th of each
month).

The use of the cash collateral in accordance with the budget -- a
copy of which, along with the interim court order is available for
free at http://bankrupt.com/misc/flsb17-11570-33.pdf-- is
necessary for an effective reorganization and to avoid harm to the
Debtors' bankruptcy estate.  The Debtor needs to be able to pay its
regular business operating expenses and administrative expenses and
other ordinary expenses as they become due.

As adequate protection for and to the extent of the Debtor's use of
cash collateral pursuant to this court order and related to the
above specified assets, as well as for any decrease in the value of
subject collateral as of the Petition Date, Secured Creditor is
granted nunc pro tunc, as of the Petition Date, a replacement lien
to the same extent as any prepetition lien on and in all property
set forth in the respective security agreements and related lien
documents of Secured Lender on the specific collateral listed in
the security documents, including proceeds derived from the
creditor's collateral generated postpetition by the Debtor, on an
interim basis through and including the interim hearing in this
matter.

                       About M.O.R. Printing

M.O.R. Printing, Inc., based in Fort Lauderdale, Florida, filed a
Chapter 11 petition (Bankr. S.D. Fla. Case No. 17-11570) on Feb. 8,
2017.  The Hon. John K Olson presides over the case.  In its
petition, the Debtor estimated $0 to $50,000 in assets and $1
million to $10 million in liabilities.  The petition was signed by
Owen Luttinger, president.  Chad T. Van Horn, Esq., at Van Horn Law
Group, P.A., serves as counsel to the Debtor.


MANHATTAN PROPERTIES: Taps Kevin S. Neiman as Legal Counsel
-----------------------------------------------------------
Manhattan Properties, LLC seeks approval from the U.S. Bankruptcy
Court for the District of Colorado to hire legal counsel in
connection with its Chapter 11 case.

The Debtor proposes to hire the Law Offices of Kevin S. Neiman, pc
to give legal advice regarding its duties under the Bankruptcy
Code, negotiate with creditors to prepare a bankruptcy plan, and
provide other legal services.

Kevin Neiman, Esq., the attorney expected to represent the Debtor,
will charge an hourly rate of $350.  Paralegals will charge $100
per hour.

Mr. Neiman disclosed in a court filing that his firm will not
represent any other entity in connection with the Debtor's
bankruptcy case.

The firm can be reached through:

     Kevin S. Neiman, Esq.
     Law Offices of Kevin S. Neiman, pc
     999 18th Street, Suite 1230 S
     Denver, CO 80202
     Tel: (303) 996-8637
     Fax: (877) 611-6839
     Email: kevin@ksnpc.com

                 About Manhattan Properties LLC

Manhattan Properties, LLC sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. D. Colo. Case No. 17-12296) on March 21,
2017.


MCK MILLENNIUM: Wants to Enter Lease Agreement with The Residences
------------------------------------------------------------------
Judge Jack B. Schmetterer of the U.S. Bankruptcy Court for the
Northern District of Illinois will convene a hearing on April 7,
2017 at 10:30 a.m. to consider MCK Millennium Centre Retail, LLC's
lease agreement The Residences at Millennium Centre Condominium
Association.

The Debtor is in the business of operating condominium retail space
located at 33 W. Ontario Street, Chicago, Illinois ("Retail
Parcel") and as such ordinarily and necessarily enters into leases
granting tenants spaces and rights that affect the property for
periods in excess of five years.  Although entering into such
leases upon negotiated terms and conditions are generally in the
ordinary course of its business, out of an abundance of caution and
for the clear protection of the rights of its tenant, the Debtor
presents the Motion.

The Debtor has entered into a certain lease, leasing specific space
located at 35 West Ohio Street, Chicago, Illinois within the Retail
Parcel which consists of approximately 350 square feet at a market
rental.  The term of the lease is for 15 years after the lease
Commencement Date and further grants certain options to renew.  The
lease provides for an initial monthly rent payment of $2,500,
increasing to $2,550 in the sixth year, and further increasing to
$2,601 in the 11th year.  The general terms of the lease are on a
triple net basis.  The definition of any of the lease terms will
control to the extent that anything contained in the Motion is
inconsistent with provisions of the Lease.

The Lease pertains to the space currently occupied by Eggsperience
of Chicago, Inc., which will be subdivided out pursuant to a new
lease with a successor entity currently pending before the Court.

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

    http://bankrupt.com/misc/MCK_Millennium_211_Sales.pdf

It is the Debtor's considered business opinion that the Lease is
highly beneficial to the future operation and value of the Debtor's
real property and benefits its estate and its creditors, including
its secured creditors.  Accordingly, the Debtors asks the Court to
enter an Order (i) authorizing the Debtor to execute the Lease with
The Residences at Millennium Centre Condominium Association and
perform its obligations
thereunder; and, (ii) for any further relief that the Court deems
just.

The Tenant can be reached at:

          THE RESIDENCES AT MILLENNIUM
          CENTRE CONDOMINIUM ASSOCIATION
          33 West Ontario Street
          Chicago, IL 60654

The Tenant is represented by:

          Howard S. Dakoff, Esq.
          LEVENFELD PEARLSTEIN, LLC
          2 N. LaSalle, Suite 1300
          Chicago, IL 60602

            About MCK Millennium Centre Retail LLC

MCK Millennium Centre Realty, LLC, filed for Chapter 11 protection
(Bankr. N.D. Ill. Case No. 16-06369) on Feb. 25, 2016, and
disclosed $16.2 million in assets and $9.50 million in liabilities
as of the Petition Date. The Debtor is represented by Jonathan D.
Golding, Esq., and Richard N. Golding, Esq., at The Golding Law
Offices, P.C.  The Debtor hired Kraft Law Office as its special
real estate counsel.

Lender MLMT 2005 MKB2 Millennium CentreRetail LLC is represented
by Leslie A. Bayles, Esq., and Donald A. Cole, Esq., at Bryan Cave
LLP.


MEDICAL OFFICE PARTNERS: Hires Bassel as Bankruptcy Counsel
-----------------------------------------------------------
Medical Office Partners seeks authority from the U.S. Bankruptcy
Court for the Easter District of Michigan to employ Robert N.
Bassel, Esq., as bankruptcy counsel to the Debtor.

Medical Office requires Bassel to represent the Debtor in the
Chapter 11 bankruptcy proceeding.

Bassel will be paid at the hourly rate of $300.

Bassel received a retainer of $6,717, from which $1,717 was used
for the filing fee, and $3,450 was used for prepetition legal fees,
leaving a retainer of $1,550.

Bassel represented a related entity, in re OM Shanti Med Spa, PLC
by Ageless, LLC, Case No. 16-55660, for which Bassel received a
retainer of $5,000 from Debtor's principal, from which the filing
fee of $1,717 was applied as were legal fees in the amount of
$3,150.00, leaving a retainer of $43.

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

Robert N. Bassel, Esq., assured the Court that the firm is a
"disinterested person" as the term is defined in Section 101(14) of
the Bankruptcy Code and does not represent any interest adverse to
the Debtor and its estates.

Bassel can be reached at:

     Robert N. Bassel, Esq.
     P.O. Box T
     Clinton, MI 49236
     Tel: (248) 677-1234
     E-mail: bbassel@gmail.com

                     About Medical Office Partners

Medical Office Partners filed a Chapter 11 bankruptcy petition
(Bankr. E.D. Mich. Case No. 17-40918) on Jan. 24, 2017.  Judge
Maria L Oxholm oversees the case.  The Bankruptcy Court set April
24, 2017, as the deadline for the Debtor to file a Combined Plan
and Disclosure Statement.  Ballots are due May 29 and objections to
the Disclosure and Confirmation of Plan are also due May 29.  If a
plan is timely filed, a confirmation hearing is to be held on June
8 at 11:00 a.m. at Courtroom 1975.


MENTOR CAPITAL: Completes Recovery of $15M for Shareholders
-----------------------------------------------------------
Mentor Capital, Inc. is now closing a long chapter in its history
and estimates that has completely recovered $15 million for those
1,200 shareholders that Mentor uncovered had been defrauded by
private syndicators before they became Mentor shareholders.  "We
brought in the FBI and SEC, eventually sending the kingpin to jail
for 7 years.  Because I had planned on going into investment
banking and turning over the Mentor reins, the only assets moved
into Mentor Capital, Inc. at that time were the $15 million in
fraudulent investments.  However, 97.5% of those monies were being
pocketed as the 1,200 investors signed their checks.  Their actual
investment was sold by the court on careful auction for $260,000.
When the outside fraud was first discovered, I agreed to sign on
for the handful of months it would take to clean up this mess.
That was 19 years ago," recalls CEO and part-time FBI forensic
informant, Chet Billingsley.

The Company clarifies that the primary tool the bankruptcy court
provided for investors to get a recovery was to place discounted
warrants into the hands of the 1,200 investors.  As the market
capitalization of Mentor Capital rose over the years from
approximately $260,000 to $50 million the 1,200 investors have been
able to cash out or obtain share value of approximately the $15
million they lost, in Mentor’s best estimate.  However, some
investors passed away, don’t have a brokerage account, or don’t
have the financial capability to take advantage of their warrants
even though the strike price is $1.60 per share.  The court wanted
all claimants to be able to participate and provided under the
Section 1145 court order that other shareholders could be
designated to redeem these unexercised warrants for 10 cents each
and then immediately exercise them into freely trading shares at
$1.60 per share.  The collected 10 cent redemption fees were paid
out electronically through DTCC directly into brokerage accounts
for holders of the remaining Series A & C warrants in 2014, will be
paid out for the remaining Series B warrants in approximately 45
days, and may be paid out for the still currently active $1.60
Series D warrants in approximately nine months.  Series D warrants
may be exercised within any brokerage account where they are held,
or if in paper form, directly through Mentor.  There is no cashless
exercise.  Unexercised warrants in brokerage accounts are paid off
electronically when scheduled through DTCC without election and
without any further warrant holder action needed. Warrant holders
with physical certificates who do not wish to exercise should send
them in to the Company if they would rather be paid 10 cents per
warrant whenever that payment later occurs. Shareholders who wish
to be designees should contact the Company.

Ramona, California-based Mentor Capital, Inc. (OTCQB: MNTR)
acquires and provides liquidity to medical and social use cannabis
companies.  Mentor Capital still retains only minor cancer
investments and will complete the shift to the cannabis marketplace
as profitable opportunities to exit present themselves.


METALAST INT'L: Judge Denies Summary Judgment in Name Use Dispute
-----------------------------------------------------------------
In a March 15, 2017 order denying a motion for partial summary
judgment by David Semas and Metalast International, Inc., U.S.
District Court Judge Miranda Du ruled that an agreement to
terminate use of the name Metalast did not  "unambiguously impose
an absolute ban" on use of the word "Metalast" by CHEMEON Surface
Technology.  In essence, Judge Du granted CHEMEON partial summary
judgment on the topic.

CHEMEON's Name Change:

Metalast International, LLC, was a provider of Metalast brand
chemical products for metal surface processing.  From the founding
of Metalast International, LLC, until April, 2013, the manager of
that company, Metalast International, Inc., was run by David M.
Semas.  On April 3, 2013, Mr. Semas admitted that the company was
unable to pay its debts as they became due.  On April 25, 2013, a
Receiver was appointed to, among other things, take possession of
the property of Metalast International, LLC.  After managing the
company for a number of months, the Receiver reported that
approximately 1,000 members of Metalast International, LLC, had
invested more than $95 million, the accumulated losses of the
company exceeded $119 million, and the accounts payable to its
vendors, landlord, suppliers, and employees totaled nearly $1
million.

With subsequent Court approval, the Receiver sold all assets of
Metalast International, LLC, to the secured creditor, CHEMEON in
November 2013.  Included in the sale to CHEMEON was exclusive
ownership of all of the company's goodwill, contracts, licenses,
and intellectual property.  CHEMEON then commenced operations under
the name Metalast Surface Technology, LLC, and was the source of
Metalast products and services, from late 2013 through June 9,
2015. In the meantime, Mr. Semas filed for bankruptcy.  CHEMEON
filed claims against Mr. Semas and Metalast International, Inc., in
connection with the bankruptcy.

As part of a settlement that includes an obligation for Mr. Semas
to pay $286,000 to CHEMEON, CHEMEON agreed to discontinue use of
"the name Metalast."  CHEMEON agreed to do so in order to eliminate
confusion between CHEMEON's leadership and values and those of the
prior management of Metalast International, LLC.  Ever since June
10, 2015, CHEMEON has provided, under the CHEMEON name and mark,
the same products previously provided by Metalast International,
LLC, and CHEMEON under the name Metalast Surface Technology, LLC.

In July 2015, CHEMEON filed a lawsuit against Mr. Semas, Metalast
International, Inc., and other defendants in order to, among other
things, stop Mr. Semas from his stated plan to compete with CHEMEON
using its intellectual property such as its product specific
trademarks and trade secrets.  In response, Mr. Semas and his
company filed counterclaims seeking to stop CHEMEON from making any
use of the term Metalast, such as in truthfully reciting CHEMEON's
former association with the term (e.g., "formerly Metalast" and
"formerly known as Metalast"). In that proceeding, CHEMEON brought
a motion against the defendants for a preliminary injunction
preventing use of CHEMEON's intellectual property.  Mr. Semas and
his company responded with a motion for a preliminary injunction
seeking an order preventing CHEMEON from making any such use of the
word Metalast.

Prior to the date set by the Court for hearing these motions, the
defendants consented to entry of a preliminary injunction against
them with regard to CHEMEON's intellectual property.  At the
conclusion of the hearing on Mr. Semas' preliminary injunction
motion against CHEMEON, U.S. District Court Judge Du denied the
motion, finding that Mr. Semas was making no use of the Metalast
mark and did not show a likelihood of irreparable harm.

Mr. Semas then filed his motion for partial summary judgment that
the settlement agreement barred CHEMEON from any use of the word
Metalast. Judge Du ruled that Mr. Semas' interpretation of the
settlement agreement would lead to absurd results and the agreement
has no such meaning.

Further information about matter, including links to source
documents, can be found at
http://www.chemeon.com/p/the-companys-name-change.

               About CHEMEON Surface Technology

CHEMEON Surface Technology -- http://www.chemeon.com-- is the only
Woman Owned Small Business in the world that is licensed by the US
Navy to manufacture and provide MIL-SPEC QPD/QPL Hex Free/Trivalent
Chromate Conversion Technology.  CHEMEON's patented and proprietary
chemistries are internationally recognized for providing
environmentally responsible hard material, surface engineering
treatments and solutions.


MICHIGAN SPORTING: Hires A&G Realty as Estate Advisors
------------------------------------------------------
Michigan Sporting Goods Distributors, Inc. seeks authorization from
the U.S. Bankruptcy Court for the Western District of Michigan to
employ A&G Realty Partners, LLC as real estate advisors for the
Debtor nunc pro tunc to the February 14, 2017 petition date.

The Debtor requires A&G Realty to:

   (a) consult with the Debtor to discuss the Debtor's goals,
       objectives and financial parameters in relation to the
       Leases;

   (b) evaluate the Leases and provide a Valuation of the Leases;

   (c) negotiate with the landlords of the Properties and other
       third parties on behalf of the Debtor in order to assist
       the Debtor in obtaining Lease Sales;

   (d) market the Leases as determined necessary to fulfill the
       Services; and

   (e) report periodically to the Debtor regarding the status of
       the Services.

A&G Realty will be be compensated as follows:

   -- Retainer – The Debtor shall pay A&G a retainer fee in the
      amount of $35,000 upon the entry of an order of the
      Bankruptcy Court authorizing the retention of A&G. The
      retainer shall be applied to the fees and expenses due under

      this Agreement for the valuation of the Leases.

   -- Valuation – The Debtor shall pay A&G a fee in the amount of

      $500 per Lease for the valuation of the Leases set forth on
      Agreement.

   -- Lease Sales – Subject to the Agreement, for each closed
      Lease Sale obtained by A&G on behalf of the Debtor, A&G
      shall earn and be paid a fee at closing of: (i) 4% of the
      Gross Proceeds per Lease received from the assignee of the
      Lease; and (ii) 4% of any Gross Proceeds received by the
      Debtor from any party including but not limited to the
      landlord and any sublessee.

   -- Legal Fees. A&G shall draft each Lease Sale negotiated on
      behalf of the Debtor pursuant to the terms negotiated
      between A&G and the purchaser. A&G will work with the Debtor

      and the purchaser to help ensure that the Lease Sale is
      accurately documented and executed in a timely manner.
      The Debtor will pay A&G a fee in the amount of $300 per hour

      not to exceed a total $2,000 per Lease upon the closing of
      such documented transaction.

   -- The Fees remain subject to the filing of a final fee
      application by A&G in accordance with the applicable
      provisions of the Bankruptcy Code, the Bankruptcy Rules, the

      Local Rules and any Orders entered by the Court; provided
      however A&G shall not be required to file interim fee
      applications.

A&G Realty will also be reimbursed for reasonable out-of-pocket
expenses incurred.

Michael Jerbich, principal of A&G Realty, assured the Court that
the firm is a "disinterested person" as the term is defined in
Section 101(14) of the Bankruptcy Code and does not represent any
interest adverse to the Debtor and its estate.

A&G Realty can be reached at:

       Michael Jerbich
       A&G REALTY PARTNERS, LLC
       525 W. Monroe Street, Suite 2330
       Chicago, IL 60661
       Tel: (312) 454-2057
       E-mail: michael@agrealtypartners.com

                   About Michigan Sporting Goods

Michigan Sporting Goods Distributors, Inc. is a retail sporting
goods chain based in Grand Rapids, Michigan.

The Debtor filed a Chapter 11 petition (Bankr. W.D. Mich. Case No.
17-00612) on Feb. 14, 2017.  The petition was signed by Bruce
Ullery, president and chief executive officer.  Judge John T. Gregg
presides over the case.  

Robert Michael Azzi, Esq., Stephen B. Grow, Esq., and Elisabeth M.
Von Eitzen, Esq., at Warner Norcross & Judd LLP, serve as
bankruptcy counsel to the Debtor.  The Debtor hired Berkeley
Research Group, LLC as financial advisor.

In its petition, the Debtor estimated $50 million to $100 million
in both assets and liabilities.

No trustee, examiner or committee has been appointed in the case.


MONGOLIAN MINING: Chapter 15 Case Summary
-----------------------------------------
Chapter 15 Debtor: Mongolian Mining Corporation
                  (in Provisional Liquidation)
                   PwC Corporate Finance & Recovery (Cayman
                   PO Box 258
                   4th Floor, 18 Forum Lane
                   Camana Bay, Grand Cayman KY1-1104
                   Cayman Islands

Case No.: 17-10695

Business Description: The Debtor is a Cayman Islands exempted
                      company with limited liability that was
                      incorporated on May 18, 2010.  The Debtor's
                      registered office is located in the
                      Cayman Islands at PwC Corporate Finance &
                      Recovery (Cayman) Limited, P.O. Box 258, 4th
                      Floor, 18 Forum Lane, Camana Bay, Grand
                      Cayman, KY1-1104.

                      The Debtor is a holding company with one
                      direct subsidiary, Mongolian Coal
                      Corporation Limited, which is itself a Hong
                      Kong holding company that directly and
                      indirectly owns intermediate holding
                      companies in Luxembourg, including Mongolian
                      Coal Corporation S.a r.l, and operating
                      entities in Mongolia, including Energy
                      Resources LLC.

                      The business of the Debtor is to hold shares
                      in its direct subsidiary and to raise
                      financing and provide guaranties on behalf
                      of the Group.  The shares of the Debtor's
                      common stock are publicly traded and listed
                      on the Stock Exchange of Hong Kong Limited.

                      The Group is primarily engaged in the
                      mining, processing, transportation and sale
                      of coal.  As the largest producer and
                      exporter of washed hard coking coal in
                      Mongolia, the Group owns and operates two
                      open-pit coking coal mines -- Ukhaa Khudag
                      and Baruun Naran -- both of which are
                      located in the Southern Gobi province of
                      Mongolia.  These deposits are located
                      approximately 250 km from the Sino-Mongolian
                      border and approximately 600 km from
                      Baotou, China, an important railway hub
                      providing access from Mongolia to the
                      largest steel-producing provinces in China,
                      including Inner Mongolia, Hebei, Shandong
                      and Jiangsu.  The Group sells most of its
                      coking coal into China pursuant to long-term
                      agreements with iron and steel mills and
                      coke and chemical plants.  As a whole, the
                      Group had 1,474 employees as of March 15,
                      2017.

                      The mining activities of Ukhaa Khudag and
                      Baruun Naran are carried out by two of the
                      Debtor's subsidiaries incorporated in
                      Mongolia.  However, mining activity at the
                      Baruun Naran mine has been suspended to save
                      costs since the fiscal year ending Dec. 31,
                      2014.

                      For more information about the Company,
                      please visit http://www.MongolianMining.KY
                      and http://www.MMC.mn

Chapter 15 Petition Date: March 22, 2017

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

Authorized Representative: Simon Conway, as Provisional
                           Liquidator of the Debtor

Judge: Hon. Stuart M. Bernstein

Debtor's Counsel: Timothy E. Graulich, Esq.
                  DAVIS POLK & WARDWELL LLP
                  450 Lexington Avenue
                  New York, NY 10017
                  Tel: (212) 450-4639
                  Fax: (212) 450-3639
                  Email: timothy.graulich@davispolk.com

Total Current Assets: US$140.5 million as of June 30, 2016

Total Funded Debt: US$770.7 million as of June 30, 2016


MONTCO OFFSHORE: Files for Chapter 11 Blaming Industry Downturn
---------------------------------------------------------------
Montco Offshore, Inc., along with its affiliate Montco Oilfield
Contractors, LLC, filed a voluntary petition for reorganization
under Chapter 11 in the U.S. Bankruptcy Court for the Southern
District of Texas.  The Debtors believe that the filing of the
Chapter 11 cases will provide the necessary "breathing room" to
craft value-maximizing plans and obtain the highest and best
recovery possible, under the circumstances, for all creditors, in a
fair and open manner.

Founded in 1948, MO specializes in the construction and operation
of liftboats for the offshore energy industry in the Gulf of
Mexico.  It currently has 99 employees.  MOC is a general
contractor which utilizes the services of hundreds of vendors and
subcontractors throughout the GoM for an array of oil and gas
offshore projects, including platform construction, installation,
modification, repair, flushing, make-safe removal preparation and
decommissioning; well intervention, recompletion and abandonments
including both sub-sea and hurricane-damaged wells; pipeline
flushing and abandonment; site clearance verification; and trawling
projects.  

According to Derek C. Boudreaux, chief financial officer of MO, due
to a material decline in the Debtors' access to liquidity over the
course of the past year, MO was in breach of certain covenants
under a prepetition credit agreement as of September 2016, and,
since last month, has been unable to meet its principal payment
obligations.  In addition, MOC was unable to pay several of its
subcontractors and vendors over the course of the past year as a
result of key issues that arose under a contract with Black Elk
Energy Offshore Operations, LLC.   Prior to the Petition Date,
certain vendors have begun initiating litigation proceedings
against MOC and disputed seizure actions against the MO Vessels.

"With the downturn in the oil and gas industry and the sustained
decrease in commodity prices from the beginning of the second half
of 2014 through early 2016, companies across the industry faced
severe pressures in terms of reduced revenue streams, earnings and
cash flows, as well as increasing difficulties to meet certain
creditor obligations," said Mr. Boudreaux.  "[O]il and gas
companies have substantially deferred maintenance and plugging and
abandonment work in order to conserve cash during the downturn,
leading to a decrease in demand for the Debtors' services and, with
respect to MOC, the services of MOC's subcontractors and vendors.
The financial impact has vastly deferred or impeded the available
work to the Debtors, as operators continued to curtail their P&A
obligations."

Mr. Boudreaux related that leading up to the Petition Date, each of
the Debtors attempted to negotiate out-of-court paths forward with
its key stakeholders to stay out of bankruptcy and meet its
obligations due and owing to creditors.  MOC, with the assistance
of its advisors, attempted to develop a plan that would provide
partial payments to subcontractors and vendors, and craft a payment
mechanism by which MOC could provide assurances of future payments
in consideration for the subcontractors' continued work on
outstanding projects, both under the Black Elk Contract and
otherwise.  Meanwhile, MO attempted to negotiate a path forward
with its prepetition lenders and other key stakeholders outside of
a Chapter 11 process.  

                 Black Elk Contract Complications

In March 2016, MOC entered into a contract with Black Elk Energy
Offshore Operations, LLC to perform decommissioning and P&A work at
its various properties.  However, certain unforeseen and
unavoidable circumstances undermined MOC's ability to timely and
fully pay its subcontractors, including MO, for the work performed
for Black Elk and its affiliates, and resulted in severe cost
overruns that could not have been anticipated.

Mr. Boudreaux said that a combination of in-the-field,
impossible-to-anticipate complications, slow turnaround times with
respect to governmental approvals, and delayed collateral releases
plagued MOC with severe cash flow problems, and also immensely
increased the costs associated with performance under the Black Elk
Contract.  The aggregate amount of additional, unanticipated work
that was completed by MOC but was ultimately the liability of Black
Elk and its working interest partners and legacy owners totals
approximately $25 million.  

In addition to field-level issues related to the scope of work
under the Black Elk Contract, MOC also faced issues related to the
payment mechanisms under the agreement, resulting in delayed
releases of bond collateral and payments, which contributed to
increasing amounts of pressure from MOC's subcontractors.

By October 2016, as a result of all the aforementioned issues
created by the additional work and costs, as well as by the payment
delays, it became clear to MOC that it could not continue to meet
its obligations to vendors under the payment structure and workflow
obligations of the Black Elk Contract.  These obligations included
the approximately $51 million that has since accrued and remains
due and owing to MO, MOC's liftboat services provider with respect
to the Black Elk P&A work.

                        First Day Motions

Contemporaneously with the petitions, the Debtors have filed
various first day pleadings seeking orders intended to stabilize
their business operations and facilitate the efficient
administration of their Chapter 11 cases.  The Debtors are seeking
permission to, among other things, use existing cash management
system, pay employee obligations and prohibit utility companies
from discontinuing services.  A full-text copy of Derek C.
Boudreaux's declaration in support of the First Day Motions is
available for free at:

            http://bankrupt.com/misc/3_MONTCO_declaration.PDF

                         About Black Elk

On Aug. 11, 2015, certain creditors of Black Elk filed an
involuntary Chapter 7 petition in the U.S. Bankruptcy Court for the
Southern District of Texas, Houston Division, against Black Elk,
whose case, on Sept. 1, 2015, was voluntarily converted from a
Chapter 7 to a Chapter 11.

                      About Montco Offshore

Based in Galliano, Louisiana, Montco Offshore, Inc. --
www.montco.com/mo --  currently has total fleet of six vessels
includes (a) two 335' class liftboats, known as (i) "Robert," which
was unveiled in the first quarter of 2012, and (ii) "Jill," which
was completed in 2014; (b) two 245' class liftboats, known as (i)
"Kayd," which was completed in 2006, and (ii) "Myrtle;" which was
completed in 2002; and (c) two 235' class liftboats, each completed
in 2009, known as (i) "Paul," and (ii) "Caitlin."

As of the Petition Date, on a book basis, MO had an aggregate of
approximately $265 million in total assets and approximately $136
million in total liabilities.  MOC had approximately $84 million in
total assets (which are mostly made up of receivables) and
approximately $126 million in total liabilities.  As of the
Petition Date, the Debtors estimate that approximately $5.3 million
was due and owing to holders of prepetition trade claims against
MO, and approximately $75 million was due and owing to holders of
prepetition trade claims against MOC, not including the
intercompany obligations.


NASTY GAL: Court Allows Use of Hercules Capital Cash Collateral
---------------------------------------------------------------
Judge Sheri Bluebond of the U.S. Bankruptcy Court for the Central
District of California authorized Nast Gal Inc. to use the cash
collateral of Hercules Capital, Inc., on a final basis.

Judge Bluebond also authorized the Debtor to use property of the
estate outside the ordinary course of business consistent with the
Budget. She approved the Debtor's Budget for the period of March 5,
2017 through April 29, 2017 which projects total operating cash
disbursements of approximately $2,022,000.

Judge Bluebond acknowledged that the Debtor requires the continued
and immediate use of property of the estate, some of which may
constitute the cash collateral of Hercules Capital, in order to
continue to liquidate and administer the estate beyond the closing
of the Sale to Boohoo.

After accounting for the requested use of cash collateral, Judge
Bluebond held that the value of the Debtor's assets that constitute
Hercules Capital's collateral will exceed the value of the Debtor's
obligations to Hercules Capital. Accordingly, Hercules Capital's
interest will be adequately protected during the use of any cash
collateral.

In addition, the Debtor was authorized and directed to reserve the
Holdback Funds, plus an additional $1,000,000 in a segregated,
interest bearing account pending the payment of all allowed claims
of the Prepetition Lender or further order of the Court.

Pursuant to the Court's amendment to the Sale Order, approving the
sale of the Debtor's asset to Boohoo F I Limited, the Debtor was
authorized and directed to wire payment directly to Hercules
Capital the full amount of its secured claim from the closing
proceeds, less the following amounts. Such Holdback Funds will be
deposited into a segregated interest bearing account, subject to
Hercules Capital's liens, and held until further order from the
Court:

      (a) $625,000, representing an estimate of default interest;
      (b) $135,000, representing a prepayment charge;
      (c) $1,042,000, representing an end of term fee; and
      (d) The amount of any attorney's fees and expenses included
in the payoff letter.

Recently, the Sale successfully closed for a purchase price of
$20,000,000. Pursuant to the amended Sale Order, the Debtor
withheld from Hercules Capital, and placed in an interest bearing
account, the sum of $2,394,904 of Holdback Funds, plus the sum of
$592,904, which Hercules Capital claims for attorneys' fees and
expenditures.

A full-text copy of the Order, dated March 8, 2017, is available at
https://is.gd/CabQc9

                     About Nasty Gal Inc.

Founded in 2006 and based in Los Angeles, Nasty Gal Inc. engages in
the online sale of clothing, shoes, and accessories for girls.  The
Company filed a Chapter 11 petition (Bankr. C.D. Cal. Case No.
16-24862) on Nov. 9, 2016.  The petition was signed by Joe
Scirocco, president.  The case is assigned to Judge Sheri Bluebond.
At the time of filing, the Debtor estimated assets and liabilities
at $10 million to $50 million.

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

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

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


NATIONAL MORTGAGE: Moody's Upgrades IFS Rating to Ba1
-----------------------------------------------------
Moody's Investors Service has upgraded the insurance financial
strength (IFS) rating of National Mortgage Insurance Corporation to
Ba1 from Ba2. Moody's has also assigned a B1 rating to the recently
amended $150 million senior secured term loan of NMIC's parent, NMI
Holdings, Inc. The outlook is stable.

RATINGS RATIONALE

The upgrade of NMIC's IFS rating reflects the progress made by the
company in scaling its US mortgage insurance platform and improving
its business and financial profile over the past couple of years.
NMIC is now profitable and Moody's expects continued improvement in
its profitability metrics over the next several years, as the
company increases its mortgage insurance in force and premium base.
During 2016, NMIC's share of the private mortgage insurance market
was approximately 7.9%, up from about 5.7% during 2015.

While NMIH has turned the corner on profitability, Moody's believes
it will still be several years before the company is able to fund
its growth organically. Consequently, NMIH will require additional
capital over the next several years, both to fund portfolio growth
and to refinance its term loan which matures in November 2019.
While NMIC is currently unable to upstream ordinary dividends to
NMIH, Moody's note that NMIC's regulator has approved a tax and
expense sharing arrangement allowing NMIH to receive cash from its
insurance subsidiaries to make principal and interest payments on
its term loan and to pay certain corporate taxes and expenses.

Moody's notes that during 2016, NMIC entered into a quota share
reinsurance treaty which ceded 25% of the company's eligible
existing mortgage insurance business, 100% of its pool insurance
and 25% of its eligible prospective business through year-end 2017.
As a result of the capital relief accruing from the reinsurance
transaction, NMIC remains comfortably compliant with Fannie Mae and
Freddie Mac's private mortgage insurance eligibility requirements
(PMIERs) at year-end 2016.

The B1 rating on NMIH's senior secured term loan ($148 million
principal outstanding at 31 December 2016) reflects structural
subordination of holding company creditors to operating subsidiary
policyholders. Since the loan is only secured by holding company
assets and stock ownership of the operating subsidiaries, Moody's
has applied standard notching of three notches from NMIC's
financial strength rating to arrive at NMIH's senior secured term
loan rating.

RATING DRIVERS

While the ratings are unlikely to be upgraded further over the near
to medium term, the following factors could positively influence
the group's credit profile: (1) continued development of NMIC's US
mortgage insurance platform; (2) success in accessing capital to
fund growth; (3) improved laddering of debt maturities; and (4)
maintaining comfortable compliance with PMIERs.

Conversely, the following factors could lead to a downgrade of the
group's ratings: (1) the inability to significantly improve its
profitability metrics; (2) failure to access enough capital to fund
growth and refinance debt; (3) non-compliance with PMIERs; (4)
significant price discounting to purchase market share; and/or (5)
debt-to-capital ratio above 35%.

The following rating has been upgraded:

National Mortgage Insurance Corporation -- insurance financial
strength to Ba1 from Ba2;

The following rating has been assigned:

NMI Holdings, Inc. -- senior secured term loan due November 2019 at
B1.

Outlook Actions:

Issuer: National Mortgage Insurance Corporation

-- Outlook, Remains Stable

Issuer: NMI Holdings, Inc.

-- Outlook, Remains Stable

NMI Holdings, Inc. (NASDAQ: NMIH), through its principal subsidiary
National Mortgage Insurance Corporation, writes mortgage insurance
in the United States. At 31 December 2016, NMIH had shareholders'
equity of approximately $477 million.


NAVIDEA BIOPHARMACEUTICALS: Delays Form 10-K Over Assets Sale
-------------------------------------------------------------
As disclosed by Navidea Biopharmaceuticals, Inc., in its current
report on Form 8-K filed with the SEC, on March 3, 2017, pursuant
to an Asset Purchase Agreement, dated as of Nov. 23, 2016, between
the Company and Cardinal Health 414, LLC, the Company completed its
sale to Cardinal Health 414 of its assets used, held for use, or
intended to be used in operating its business of developing,
manufacturing and commercializing a product used for lymphatic
mapping, lymph node biopsy, and the diagnosis of metastatic spread
to lymph nodes for staging of cancer, including the Company's
radioactive diagnostic agent marketed under the Lymphoseek
trademark for current approved indications by the U.S. Food and
Drug Administration and similar indications approved by the FDA in
the future, in Canada, Mexico and the United States.  Due to the
consummation of the transactions contemplated by the Purchase
Agreement, significant management time and resources were diverted
from the Company's normal process of reviewing and completing the
Company's Annual Report on Form 10-K for the year ended Dec. 31,
2016.  As a result, the Company cannot, without unreasonable effort
or expense, file the 2016 Form 10-K on or prior to the prescribed
due date of March 16, 2017.  The Company expects to file the 2016
Form 10-K on or before the fifteenth calendar day following the
prescribed due date.  

The Company expects to report revenues for the year ended Dec. 31,
2016, of $22 million compared to $13.2 million for 2015.  Navidea's
revenues for 2016 consisted of $17.0 million in sales of
Lymphoseek, $3.1 million from various federal grants and other
revenue, and $1.8 million from Lymphoseek license revenue, compared
to $10.3 million, $1.9 million and $1.1 million, respectively, for
2015.  In addition, the Company recorded $1.2 million in 2015
related to royalties on the device business that it sold in 2011.

The Company expects operating expenses for the year ended Dec. 31,
2016, to be approximately $21.9 million compared to $30.0 million
for 2015.  Research and development expenses were $8.9 million
during 2016 compared to $12.8 million during 2015.  The net
decrease was primarily a result of reductions in NAV4694,
Lymphoseek and NAV5001 product development costs coupled with
reduced headcount and related support costs, offset by increased
Manocept diagnostic and therapeutic product development costs.
Selling, general and administrative expenses were approximately
$13.0 million for 2016 compared to $17.3 million for 2015.  The net
decrease was primarily due to reduced headcount and related support
costs, contracted medical science liaisons, business development
consulting services, market development expenses related to
Lymphoseek, and investor relations, offset by increased legal and
professional services.

                       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 its
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.


NAVISTAR INTERNATIONAL: Carl Icahn Has 17.05% Stake as of March 14
------------------------------------------------------------------
In an amended Schedule 13D filed with the Securities and Exchange
Commission, Carl C. Icahn, et al., disclosed that as of March 14,
2017, they may be deemed to be the beneficial owner of, in the
aggregate, 16,729,960 shares of common stock of Navistar
International reporesenting 17.05% of the Issuer's outstanding
Shares (based upon approximately 98,109,615 Shares stated to be
outstanding as of Feb. 28, 2017, by the Issuer in the Issuer's
Quarterly Report on Form 10-Q for the quarter ended Jan. 31,
2017).

The aggregate purchase price of the Shares purchased by the
Reporting Persons collectively was approximately $513.6 million
(including commissions and premiums for options to purchase
Shares).  The source of funding for these Shares was the general
working capital of the respective purchasers.  The Shares are held
by the Reporting Persons in margin accounts together with other
securities.  Those margin accounts may from time to time have debit
balances.  Part of the purchase price of the Shares was obtained
through margin borrowing.

High River Limited Partnership has sole voting power and sole
dispositive power with regard to 3,345,991 Shares.  Each of Hopper
Investments LLC, Barberry Corp. and Mr. Icahn has shared voting
power and shared dispositive power with regard to those Shares.
Icahn Master has sole voting power and sole dispositive power with
regard to 5,446,990 Shares.  Each of Icahn Offshore, Icahn Capital,
IPH GP LLC, Icahn Enterprises Holdings, Icahn Enterprises GP,
Beckton Corp. and Mr. Icahn has shared voting power and shared
dispositive power with regard to such Shares.  Icahn Partners has
sole voting power and sole dispositive power with regard to
7,936,979 Shares.  Each of Icahn Onshore, Icahn Capital, IPH, Icahn
Enterprises Holdings, Icahn Enterprises GP, Beckton and Mr. Icahn
has shared voting power and shared dispositive power with regard to
those Shares.

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

                 About Navistar International

Navistar International Corporation (NYSE: NAV) --
http://www.navistar.com/-- is a holding company whose subsidiaries
and affiliates subsidiaries produce International(R) brand
commercial and military trucks, MaxxForce(R) brand diesel
engines, IC Bus(TM) brand school and commercial buses, Monaco RV
brands of recreational vehicles, and Workhorse(R) brand chassis
for motor homes and step vans.  It also is a private-label designer
and manufacturer of diesel engines for the pickup truck,
van and SUV markets.  The Company also provides truck and diesel
engine parts and service.  Another affiliate offers financing
services.

Navistar reported a net loss attributable to the Company of $97
million on $8.11 billion of net sales and revenues for the year
ended Oct. 31, 2016, compared with a net loss attributable to the
Company of $184 million on $10.14 billion of net sales and revenues
for the year ended Oct. 31, 2015.

As of Jan. 31, 2017, Navistar had $5.39 billion in total assets,
$10.72 billion in total liabilities and a total stockholders'
deficit of $5.32 billion.

                          *     *     *

Navistar carries as 'B3 'Corporate Family Rating (CFR) and stable
outlook from Moody's.  Moody's said in January 2017 that Navistar's
ratings reflects the continuing challenges the company faces in
re-establishing its competitive position and profitability in the
North American medium and heavy truck markets.

Navistar carries a 'CCC' Issuer Default Ratings from Fitch Ratings.
Fitch said in January 2017 that the ratings for NAV, Navistar,
Inc., and NFC remain on Rating Watch Positive pending completion of
a strategic alliance between NAV and Volkswagen Truck & Bus GmbH
(VW T&B).   The Positive Rating Watch reflects Fitch's expectation
that under terms contemplated for the alliance, NAV would realize
cost synergies, improved liquidity, and strategic opportunities
over the next several years that would support its competitiveness
and operating performance.

As reported by the TCR on March 3, 2017, S&P Global Ratings said
that it raised its corporate credit ratings on Navistar
International Corp. and its subsidiary Navistar Financial Corp. to
'B-' from 'CCC+'.  The outlook is stable.  The upgrade follows
Navistar's strategic alliance with Volkswagen Truck & Bus, which
includes Volkswagen Truck & Bus' 16.6% equity stake in Navistar,
definitive agreements for the two companies to collaborate on
technology, and the formation of a procurement JV.


NINJA METRICS: Court Extends Plan Filing Through June 21
--------------------------------------------------------
Judge Sheri Bluebond extended Ninja Metrics, Inc.'s exclusive
periods during which it may file a Chapter 11 plan of
reorganization and solicit acceptances of that plan, through and
including June 21, 2017, and August 20, 2017, respectively.

As previously reported by The Troubled Company Reporter, the Debtor
and its former director, Mark Kolokotrones, are involved in
litigation.  Mr. Kolokotrones filed a lawsuit in the Los Angeles
Superior Court over his removal from the Debtor's Board of
Directors, and the Debtor filed a cross-complaint against Mr.
Kolokotrones. In addition, Mr. Kolokotrones filed an action in the
Delaware Chancery Court seeking an "Advancement of Fees" incurred
in connection with defending the Debtor's cross-complaint. The
Delaware Court issued an oral ruling granting Mr. Kolokotrones'
request, which at that time was between $1.4 million and $2
million. In addition, the Debtor had other liabilities in the
amount of $218,448 to other creditors.

The Debtor has said the trial will determine what amounts are owed
by the Debtor or the Non-Debtor/Defendants to Mr. Kolokotrones and
as such, until THE claims are fully liquidated, it will be almost
impossible for the Debtor to propose a Plan of Reorganization.

                    About Ninja Metrics Inc.

Ninja Metrics Inc. filed a Chapter 11 bankruptcy petition (Bankr.
C.D.Cal. Case No. 16-24013) on October 24, 2016.  The petition was
signed by Dmitri Williams, president.  Judge Sheri Bluebond
presides over the case. In its petition, the Debtor estimated $10
million to $50 million in assets and $500,000 to $1 million in
liabilities.

The Debtor is represented by Andrew Goodman, Esq. at the Goodman
Law Offices. The Debtor taps Adam Grant, Esq. of Alpert Barr &
Grant, PLC as special litigation counsel.


NORTHERN OIL: Moody's Affirms Caa2 CFR; Outlook Negative
--------------------------------------------------------
Moody's Investors Service affirmed Northern Oil and Gas, Inc.'s
(NOG) Caa2 Corporate Family Rating (CFR), the Caa2-PD Probability
of Default Rating (PDR), the Caa3 senior unsecured notes rating,
and the SGL-4 Speculative Grade Liquidity (SGL) rating. The ratings
outlook is negative.

"The affirmation reflects Moody's expectations that Northern Oil &
Gas will continue to have elevated leverage as it increases capital
spending in 2017 to keep production volumes flat," commented James
Wilkins, Moody's Vice President-Senior Analyst. "The negative
outlook reflects the likelihood that the company's earnings will
not recover sufficiently to meet its financial covenants in the
second quarter 2018."

Issuer: Northern Oil and Gas, Inc.

Ratings Affirmed:

Corporate Family Rating, Affirmed Caa2

Probability of Default Rating, Affirmed Caa2-PD

Senior Unsecured Regular Bond/Debenture, Affirmed Caa3 (LGD4)

Speculative Grade Liquidity Rating, Affirmed SGL-4

Outlook Action:

Outlook, Remains Negative

RATINGS RATIONALE

Northern Oil and Gas, Inc's (NOG) Caa2 Corporate Family Rating
(CFR) reflects NOG's high leverage, weak asset coverage of debt
(debt to 2016 PV-10 value of 0.4x) and Moody's expectations NOG's
cash flows will continue to be challenged in 2017. NOG will see
less benefit in 2017 from commodity hedges, which contributed
significantly to its cash flows in 2016. Despite an increase in
planned 2017 capital spending, the company's production volumes
will not increase meaningfully, limiting its ability to improve its
weak financial metrics. The company may be required to amend its
financial covenants under its revolving credit facility when they
revert to more stringent levels for the second quarter 2018.
Notwithstanding its oil-weighted production mix, a heavy interest
burden and steep basis differentials hamper NOG's cash margins.
Moody's projects NOG's ratio of retained cash flow (RCF) to debt
will fall to around 5% in 2017, with only a modest improvement in
2018. The outspending of cash flows in order to stem production
declines will require funding from its revolving credit facility,
keeping NOG's leverage elevated.

NOG's SGL-4 Speculative Grade Liquidity Rating reflects weak
liquidity driven by Moody's expectation that the company will need
to amend its revolver financial covenants before they revert to
their original tighter levels in the second quarter 2018. The
company had $6.5 million of cash and $206 million of availability
under its $350 million borrowing base revolving credit facility as
of 31 December 2016. The revolver's $350 million borrowing base was
reaffirmed following its October 2016 redetermination and will next
be up for redetermination in April 2017. The facility is of
sufficient size to meet NOG's modestly increased capital spending
plans in 2017. However, the company will continue to require use of
the revolver in order to fund its capital spending. Moody's
projects NOG will generate negative free cash flow of -$50 million
with its projected spending plans for 2017, which include $102
million of capital spending.

The covenants governing the revolver require maintenance of a
secured debt to EBITDAX ratio no greater than 2.5x, a current ratio
of at least 1.0x, and a EBITDAX to interest expense ratio of at
least 1.5x in first quarter 2017 (stepping down to 1.25x for second
and third quarters 2017 and 1x for fourth quarter 2017, followed by
a step up to 2.5x in the second quarter 2018). Moody's expects that
NOG will need to amend the interest coverage covenant in second
quarter 2018 to remain in compliance. The company benefits from
having no debt maturities in 2017; the revolver is due 30 September
2018. Substantially all of the company's assets are pledged as
security under the credit facility, which limits the extent to
which asset sales could provide a source of additional liquidity,
if needed.

The negative outlook reflects NOG's high leverage, limited cash
flow from operations and weak liquidity (due to a potential breach
of a revolver financial covenant in 2018Q2). If NOG can achieve
interest coverage of 2x (including Moody's analytical adjustments)
while maintaining its ratio of RCF to debt over 10% on a sustained
basis and adequate liquidity, an upgrade could be considered. The
CFR could be downgraded if liquidity falls below $100 million, or
if interest coverage falls below 1.5x (including Moody's analytical
adjustments).

The principal methodology used in these ratings was Global
Independent Exploration and Production Industry published in
December 2011.

Northern Oil and Gas, Inc., based in Minnetonka, Minnesota, owns
non-operated working interests in oil and gas wells and acreage
primarily in the Bakken and Three Forks formations within the
Williston Basin in North Dakota and Montana.


OMEROS CORP: May Issue Additional 1.7M Shares Under Incentive Plan
------------------------------------------------------------------
Omeros Corporation filed a Form S-8 registration statement with the
Securities and Exchange Commission to register 1,785,714 shares of
common stock to be issued pursuant to the Company's 2008 Equity
Incentive Plan.  A full-text copy of the Form S-8 prospectus is
available for free at https://is.gd/ufsWBr

                      About Omeros Corp

Omeros Corporation is a biopharmaceutical company committed to
discovering, developing and commercializing both small-molecule and
protein therapeutics for large-market as well as orphan indications
targeting inflammation, coagulopathies and disorders of the central
nervous system.

Omeros reported a net loss of $66.74 million on $41.61 million of
total revenue for the year ended Dec. 31, 2016, compared to a net
loss of $75.09 million on $13.50 million of total revenue for the
year ended Dec. 31, 2015.

Ernst & Young LLP, in Seattle, Washington, issued a "going concern"
qualification on the consolidated financial statements for the year
ended Dec. 31, 2016, citing that the Company has recurring losses
from operations and has a net capital deficiency that raise
substantial doubt about its ability to continue as a going concern.


OMEROS CORP: Reports $66.7 Million Net Loss for 2016
----------------------------------------------------
Omeros Corporation filed with the Securities and Exchange
Commission its annual report on Form 10-K disclosing a net loss of
$66.74 million on $41.61 million of total revenue for the year
ended Dec. 31, 2016, compared to a net loss of $75.09 million on
$13.50 million of total revenue for the year ended Dec. 31, 2015.

For the quarter ended Dec. 31, 2016, total revenues were $12.9
million, all relating to sales of OMIDRIA.  This compares to
OMIDRIA revenues of $6.7 million for the same period in 2015.  On a
sequential quarter-over-quarter basis, OMIDRIA revenue grew $1.6
million, or 14%.  The increase in units sold from 3Q to 4Q 2016 was
22%.  The quarter-over-quarter increases in OMIDRIA revenue and
units sold are due to continued acceptance of and increased demand
for OMIDRIA in the ophthalmic surgery community.

Total operating costs and expenses for the three months ended
Dec. 31, 2016, were $24.8 million compared to $24.7 million for the
same period in 2015.  The change in the current year quarter was
primarily due to increased legal costs associated with the
company's patent infringement lawsuit against Par Pharmaceutical
and additional headcount-related costs, partially offset by a
decrease in research and development costs due to the timing of
clinical and manufacturing activities.

In November 2016, the Company incurred a $5.6 million loss ($0.13
per share) on early extinguishment of debt associated with the
initiation of a new secured credit facility and the prepayment of
Omeros' prior secured credit facility.

For the three months ended Dec. 31, 2016, Omeros reported a net
loss of $19.6 million, or $0.45 per share, which included noncash
expenses of $5.2 million ($0.12 per share).  This compares to the
prior year's fourth quarter when Omeros reported a net loss of
$19.8 million, or $0.52 per share, which included non-cash expenses
of $2.8 million ($0.07 per share).  

At Dec. 31, 2016, the company had cash, cash equivalents and
short-term investments of $45.3 million.  In addition, the company
had $5.8 million of restricted cash on hand to satisfy its credit
facility covenant and lease obligations.

As of Dec. 31, 2016, Omeros had $67.27 million in total assets,
$104.72 million in total liabilities and a total shareholders'
deficit of $37.44 million.

"2016 was a year of significant achievements across a wide range of
our programs," said Gregory A. Demopulos, M.D., chairman and chief
executive officer of Omeros.  "OMIDRIA sales grew more than two
hundred percent over the previous year and our pipeline made
equally impressive progress.  Our Phase 3 trial in aHUS with our
MASP-2 inhibitor OMS721 is underway, and positive OMS721 Phase 2
data in both IgA nephropathy and HSCT-TMA have set the stage for
additional Phase 3 registration trials this year.  MASP-3, targeted
by our OMS906 program, was shown to be the key activator of the
alternative pathway.  Both OMS906 and our PDE7 inhibitor OMS527 are
advancing quickly toward the clinic, and our GPCR program continues
to generate exciting data over broad therapeutic areas, including
immuno-oncology.  We are pleased with Omeros' accomplishments in
2016, and we expect that 2017 will build on those successes."

Ernst & Young LLP, in Seattle, Washington, issued a "going concern"
qualification on the consolidated financial statements for the year
ended Dec. 31, 2016, citing that the Company has recurring losses
from operations and has a net capital deficiency that raise
substantial doubt about its ability to continue as a going
concern.

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

                     https://is.gd/dx8x6b

                       About Omeros Corp

Omeros Corporation is a biopharmaceutical company committed to
discovering, developing and commercializing both small-molecule and
protein therapeutics for large-market as well as orphan indications
targeting inflammation, coagulopathies and disorders of the central
nervous system.


P10 INDUSTRIES: Case Summary & 16 Largest Unsecured Creditors
-------------------------------------------------------------
Debtor: P10 Industries, Inc.
           fka Active Power, Inc.
        2128 West Braker Lane
        Austin, TX 78758

Case No.: 17-50635

Business Description: P10 Industries (OTCMKTS: PIOI) is a public
                      company aimed at monetizing highly valued
                      intellectual property assets and acquiring
                      profitable businesses in the commercial
                      and industrial markets to generate profit
                      and positive cash flows, ultimately creating

                      long-term stockholder value.  P10 was
                      founded on Nov. 19, 2016, following
                      completion of an asset acquisition of Active

                      Power, Inc., by Piller Power Systems, Inc.,
                      a subsidiary of Langley Holdings PLC.  
                      Active Power rebranded and changed its
                      name to P10 Industries pursuant to the
                      terms of the acquisition agreement.  

                      The Company is now considered a shell
                      company, as defined in Rule 12b-2 of the
                      Exchange Act.  Being a shell company means
                      that it has no or nominal operations, its
                      assets solely consist of cash and nominal
                      other assets, and its business will be
                      primarily to monetize its retained
                      intellectual property and to make
                      acquisitions of profitable operating
                      companies to create positive cash flow,
                      which it believes will ultimately result in
                      increasing the value of our company in the
                      future.

                      In connection with the asset sale to
                      Langley, the Company notified The NASDAQ
                      Stock Market, or NASDAQ, on Nov. 21, 2016,
                      that, upon the closing under the purchase
                      agreement, the Company had disposed of
                      substantially all of its assets, and had no
                      significant continuing operations.  On
                      Dec. 1, 2016, the Company filed with the SEC
                      a Notification of Removal from Listing
                      and/or Registration under Section 12(b) of
                      the Exchange Act on Form 25 to delist the
                      shares of its common stock from NASDAQ and
                      the deregistration of its common stock under
                      Section 12(b) of the Exchange Act.  On that
                      day, the Company's common stock was
                      suspended on NASDAQ and, since that date,
                      its common stock has been traded solely on
                      the OTC Pink Market operated by OTC Markets
                      Group.  On Jan. 15, 2017, the Company filed
                      with the SEC a Certification and Notice of
                      Termination of Registration under Section
                      12(g) of the Exchange Act on Form 15.
                                         
                      P10 Industries reported a net loss of $15.86

                      million on $0 of revenue for the year ended
                      Dec. 31, 2016, compared to a net loss of
                      $6.45 million on $0 of revenue for the year
                      ended Dec. 31, 2015.

                      The Company's accountants, PMB Helin
                      Donovan, LLP, in Austin, Texas, have
                      expressed substantial doubt about its        

                      ability to continue as a going concern as a
                      result of the Company's history of net
                      operating losses, and continuing obligations
                      under its operating lease.  The Company's
                      ability to achieve and maintain
                      profitability and positive cash flow is
                      dependent upon its ability to successfully
                      obtain financing to acquire profitable
                      business operations and revenue that can
                      generate cash flow to meet operating
                      requirements.

                     "Our ability to continue as a going concern
                      is dependent on management's plans, which
                      include the raising of capital through debt
                      and/or equity financings.  We will require
                      additional funding during the next twelve
                      months to finance and achieve strategic
                      objectives.  Additionally, we will need to
                      continually generate revenues through our
                      anticipated business operations in order to
                      generate enough cash flow to fund our
                      operations through 2017.

                     "We are also dependent on assigning its
                      remaining operating lease on our former
                      headquarter facility in Austin, Texas and
                      being relieved from future lease obligation
                      thereunder.

                     "We believe our current available cash, may
                      be insufficient to meet our cash needs for
                      the near future.  There can be no assurance
                      that any financing will be available in
                      amounts or terms acceptable to us, if at
                      all," the Company stated in its annual
                      report on Form 10-K for the year ended
                      Dec. 31, 2016.

                      Web site: http://www.activepower.com.

Chapter 11 Petition Date: March 22, 2017

Court: United States Bankruptcy Court
       Western District of Texas (San Antonio)

Judge: Hon. Craig A. Gargotta

Debtor's
Bankruptcy
Counsel:          Eric Terry, Esq.
                  ERIC TERRY LAW, PLLC
                  4040 Broadway Suite 350
                  San Antonio, TX 78209
                  Tel: (210) 468-8274
                  Fax: (210) 319-5447
                  Email: eric@ericterrylaw.com
        
Debtor's
Corporate
Counsel:         REITER, BRUNEL & DUNN, PLLC
        
Total Assets: $4.93 million

Total Liabilities: $6.97 million

The petition was signed by Jay Powers, CFO.

A list of the Debtor's 16 largest unsecured creditors is available
for free at http://bankrupt.com/misc/txwb17-50635.pdf


P3 FOODS: Has Interim OK to Use Cash Collateral Until April 10
--------------------------------------------------------------
Judge Donald R. Cassling of the U.S. Bankruptcy Court for the
Northern District of Illinois authorized P3 Foods, LLC, to use the
cash collateral in which Element Financial Corp. claims an interest
on interim basis through April 10, 2017.

The Debtor is authorized to use Element Financial's cash collateral
solely to pay its ordinary and necessary business expenses as set
forth on the Budget for the period March 11, 2017 through April 10,
2017.  The Budget projected total necessary expenses to be incurred
in the Debtor's Chapter 11 case in the aggregate amount of
$2,130,556.

Element Financial asserts a secured claim in the amount of $689,966
as of the Petition Date, and has a first priority, perfected
security interest in all of the Debtor's personal property.

Element Financial is granted postpetition replacement liens to the
same extent and with the same priority as held prepetition.
Element Financial is also granted a claim with priority over all
other claims entitled to priority, to the extent that the use of
the cash collateral results in a diminution of Element Financial's
interest in the cash collateral as of the Petition Date in excess
of the value of the Adequate Protection Liens, and subject to the
quarterly fees of the U.S. Trustee.

20/20 Franchise Funding LLC, Leaf Capital Funding LLC, and American
Express Bank FSB were also granted a postpetition replacement lien,
to the same extent and with the same priority as held prepetition
on the same type of asset.

The Debtor is directed to make adequate protection payments to:

     (1) Element Financial, in the amount of $16,428;
     (2) 20/20 Franchise Funding, in the amount of $4,835;
     (3) American Express, in the amount of $7,802; and
     (4) Leaf Capital Funding, in the amount of $797.

A full-text copy of the Sixth Interim Order, entered on March 8,
2017, is available at http://tinyurl.com/kcojut9

                      About P3 Foods, LLC

P3 Foods, LLC, operates nine Burger King franchises in Minneapolis,
Minnesota.  P3 Foods filed a chapter 11 petition (Bankr. N.D. Ill.
Case No. 16-32021) on Oct. 6, 2016.  The case is assigned to Judge
Donald Cassling.  

The Debtor tapped Richard L. Hirsh, Esq., at Richard L. Hirsh,
P.C., as counsel.  The Debtor also engaged Aldridge Chasewater LLC
as accountant.

An official committee of unsecured creditors has not yet been
appointed in the case.


PACIFIC DRILLING: Creditors Reject Proposal to Extend Debt Maturity
-------------------------------------------------------------------
In February 2017, Pacific Drilling S.A., executed non-disclosure
agreements with certain unaffiliated beneficial holders of the
7.25% Senior Secured Notes due 2017 issued by Pacific Drilling V
Ltd, an indirect, wholly-owned subsidiary of the Company, the Term
Loan B maturing 2018 borrowed by the Company and the 5.375% Senior
Secured Notes due 2020 issued by the Company to facilitate
discussions with the Creditors concerning the restructuring of the
Companies' capital structure.

Pursuant to the NDAs, the Company agreed to disclose publicly after
a specified period, if certain conditions were met, that the
Company and the Creditors had engaged in discussions concerning the
Companies' capital structure and information regarding such
discussions.

As of March 16, 2017, the Creditors have not agreed to extend their
NDAs.

In connection with discussions regarding a potential Restructuring,
the Company proposed to either (i) extend its current maturities to
2022-2024 in exchange for an increase in "pay-if-you-can" (or PIYC)
and cash interest and the Creditors taking a 25% equity ownership
stake in the Company or (ii) fully equitize the Indebtedness, with
the Company's current common shareholders retaining approximately
one-third of the post-reorganization equity of the Company and
obtaining warrants to purchase approximately an additional 20% of
the equity of the Company.

The Creditors rejected the Company's first proposal to extend
maturities and, in response to the Company's second proposal to
fully equitize the Indebtedness, proposed that the Creditors
receive approximately 98% of the post-reorganization equity of the
Company and the current common shareholders retain approximately 2%
of the post-reorganization equity and receive warrants to purchase
approximately 20% of the equity of the Company at substantially
higher strike prices than those proposed by the Company.
Currently, there is no consensus as to the form or structure of any
Restructuring.  While no agreement has been reached, the Company
intends to continue discussions with its creditors on the terms of
a potential Restructuring.

                    About Pacific Drilling

Based in Luxembourg, Pacific Drilling S.A. (NYSE:PACD) is an
international offshore drilling contractor.  The Company's primary
business is to contract its high-specification rigs, related
equipment and work crews, primarily on a day rate basis, to drill
wells for its clients.  The Company's contract drillships operate
in the deepwater regions of the United States, Gulf of Mexico and
Nigeria.

Pacific Drilling reported a net loss of $37.15 million on $769.5
million of revenues for the year ended Dec. 31, 2016, as compared
with net income of $126.2 million on $1.08 billion of revenues for
the year ended Dec. 31, 2015.  As of Dec. 31, 2016, Pacific
Drilling had $5.99 billion in total assets, $3.33 billion in total
liabilities and $2.66 billion in total shareholders' equity.

The Company's independent auditors KPMG LLP, in Houston, Texas,
expressed substantial doubt about the Company's ability to continue
as a going concern in their report on the consolidated financial
statements for the year ended Dec. 31, 2016.  KPMG noted that the
Company expects to be in violation of certain of its financial
covenants in the next 12 months.

                         *     *     *

In October 2016, Moody's Investors Service downgraded Pacific
Drilling's Corporate Family Rating to 'Caa3' from 'Caa2' and
Probability of Default Rating (PDR) to 'Caa3-PD' from 'Caa2-PD'.
"PacDrilling's ratings downgrade reflects our extremely negative
view of the offshore drilling sector with no near term signs of
improvement.  Depressed prices for the offshore drillships offers
weak asset coverage for PacDrilling's overall debt.  With no
material signs of improving contract coverage or utilization for
PacDrilling's drillships, cashflow through 2017 will be severely
impacted resulting in an unsustainable capital structure," said
Sreedhar Kona, Moody's senior analyst.

In November 2016, S&P Global Ratings lowered its corporate credit
rating on Pacific Drilling S.A. to 'CCC-' from 'CCC+'.  "The
downgrade reflects our expectation of limited activity in deep-
water offshore drilling due to continued low oil prices, and the
negative impact on Pacific Drilling's expected cash flows to
support high debt levels and upcoming maturities," said S&P Global
Ratings credit analyst Michael Tsai.


PKC HOLDING: Moody's Assigns B3 Corporate Family Rating
-------------------------------------------------------
Moody's Investors Service assigned a B3 Corporate Family Rating
(CFR) and B3-PD Probability of Default Rating to PKC Holding Corp.
(PKC). PKC is the parent company of PPC Industries, the company's
primary operating subsidiary. At the same time, Moody's assigned a
B2 (LGD 3) rating to PKC's first lien senior secured credit
facilities including a $40 million senior secured first lien
revolving credit facility and a $360 million senior secured first
lien term loan. Moody's also assigned a Caa2 (LGD 6) rating to the
company's senior secured second lien term loan. Proceeds from the
senior secured credit facilities and an equity contribution from
Kolberg & Company will fund the purchase of Pexco LLC ("Pexco") and
refinance existing PKC debt. The rating outlook is stable. This is
the first time Moody's has assigned ratings to the company.

Ratings assigned:

PKC industries, Inc.

Corporate Family Rating at B3

Probability of Default Rating at B3-PD

$40 million Senior Secured First Lien Revolver expiring 2022 at B2
(LGD 3)

$360 million Senior Secured First Lien Term Loan due 2024 at B2
(LGD 3)

$117 million Senior Secured Second Lien Term Loan due 2025 at Caa2
(LGD 6)

The outlook is stable

RATINGS RATIONALE

The B3 CFR reflects PKC's high pro-forma financial leverage with
adjusted debt/EBITDAof 6.8x following the company's debt financed
acquisition of Pexco. The rating further reflects a high level of
integration and execution risk since this is the largest
acquisition in the company's history. With revenues of roughly $370
million, PKC is small when compared to many other corporate
issuers. The ratings are supported by the company's diversified
product and customer base, strong customer retention, and
relatively stable cash flows. In addition, switching costs for
existing customers can be high since over half of the products
manufactured are customized in nature. Moody's anticipates that the
company will reduce leverage over time through a combination of
organic EBITDA growth and debt repayment.

The stable outlook incorporates Moody's expectation that the
company will reduce leverage as it grows its core business, but
that it will remain relatively small and highly levered.

Moody's could downgrade the ratings if adjusted debt/EBITDA is
sustained above 6.0x. The ratings could also be downgraded if
liquidity deteriorates or if the company experiences material
disruptions from the integration of Pexco.

Moody's could upgrade the ratings if PKC successfully integrates
Pexco, achieves greater scale, and reduces leverage. Specifically,
the ratings could be upgraded if adjusted debt to EBITDA is
sustained below 5.5x.

The principal methodology used in these ratings was that for Global
Manufacturing Companies published in July 2014.

Headquartered in Alpharetta, Georgia, PKC Holding Corp. is the
parent company of PPC Industries, the company's primary operating
subsidiary. The company is a manufacturer of a wide variety of
specialty plastics including tubing, bags, and films. Its products
are used in medical, food, and industrial end markets. Pro-forma
annual revenues are about $372 million. The company is owned by
private equity firm Kolberg & Company.


POC PROPERTIES: Taps Glowinski Consulting as Banking Expert
-----------------------------------------------------------
POC Properties, LLC, SOP Academy, LLC and Academy Road Partners,
LLC seek approval from the U.S. Bankruptcy Court for the Eastern
District of Wisconsin to employ Glowinski Consulting, LLC as a
commercial banking expert.

Glowinski's principal, John Glowinski, will provide opinions on the
norms and standards within the commercial banking industry.  He
will compare the conduct of M&I Marshall & Ilsley Bank and BMO
Harris Bank -- the predecessors-in-interest of Monty Titling Trust
-- with those norms and standards. Mr. Glowinski will testify as to
these opinions at the upcoming evidentiary hearing on the Debtors'
motion to estimate the amount of Monty's claim.

Glowinski will charge $250 per hour for most services provided by
Mr. Glowinski, which includes any necessary courtroom and/or
deposition testimony he may provide. Additional administrative
services may be provided by Glowinski at $75 per hour.

John Glowinski, Managing Partner at Glowinski Consulting, LLC,
attests that Glowinski is a disinterested person.

The Firm can be reached through:

     John Glowinski
     Glowinski Consulting LLC
     1417 Rose Court
     Carol Stream, IL, 60188

                           About POC Properties

POC Properties, LLC, SOP Academy, LLC and Academy Road Partners,
LLC, filed Chapter 11 bankruptcy petitions (Bankr. E.D. Wisc. Case
Nos. 15-33291, 15-33292 and 15-33293, respectively) on Dec. 11,
2015.  Warren S. Blumenthal signed the petition as authorized
person.  The Debtors estimated both assets and liabilities in the
range of $10 million to $50 million.  Kerkman & Dunn represents the
Debtors as counsel. Judge Susan V. Kelley is assigned to the case.


PORTER BANCORP: Reaches Agreement in 'Signature' Suit
-----------------------------------------------------
Porter Bancorp, Inc., parent company of PBI Bank, announced that a
settlement agreement has been reached in the matter of Signature
Point Condominiums, LLC v. PBI Bank, Inc. that had been awaiting
review by the Kentucky Supreme Court.  In resolving Signature
Point's claims and withdrawing its Motion for Discretionary Review,
PBI Bank did not admit liability.  As previously disclosed, the
Company had established a reserve for this matter, and therefore
the terms of the settlement did not have a material effect on the
Company's financial condition or results of operation.

                  About Porter Bancorp, Inc.

Porter Bancorp, Inc. (NASDAQ: PBIB) is a Louisville, Kentucky-based
bank holding company which operates banking centers in 12 counties
through its wholly-owned subsidiary PBI Bank.  The Company's
markets include metropolitan Louisville in Jefferson County and the
surrounding counties of Henry and Bullitt, and extend south along
the Interstate 65 corridor.  The Company serves southern and south
central Kentucky from banking centers in Butler, Green, Hart,
Edmonson, Barren, Warren, Ohio and Daviess counties.  The Company
also has a banking center in Lexington, Kentucky, the second
largest city in the state.  PBI Bank is a traditional community
bank with a wide range of personal and business banking products
and services.

Porter Bancorp reported a net loss of $2.75 million on $35.60
million of interest income for the year ended Dec. 31, 2016,
compared to a net loss of $3.21 million on $36.57 million of
interest income for the year ended Dec. 31, 2015.  The Company's
balance sheet at Dec. 31, 2016, showed $945.17 million in total
assets, $912.44 million in total liabilities and $32.73 million in
total stockholders' equity.


POSIBA INC: Seeks to Hire Jackson Walker as Special Counsel
-----------------------------------------------------------
Posiba, Inc. seeks approval from the U.S. Bankruptcy Court for the
Southern District of California to hire Jackson Walker, L.L.P. as
special counsel.

Jackson Walker will advise the Debtor regarding issues related to
intellectual property, and will handle responses to official
actions for pending patent applications and for registering
trademarks for Posiba and Givn.

Christopher Rourk, Esq., the attorney designated to provide the
services, will charge an hourly rate of $665.  Susie Kunzie, a
paralegal, will charge $300 per hour.

Mr. Rourk disclosed in a court filing that his firm does not
represent any interest adverse to the Debtor or its bankruptcy
estate.

The firm can be reached through:

     Christopher J. Rourk, Esq.
     Jackson Walker, L.L.P.
     901 Main Street, Suite 6000
     Dallas, TX 735202
     Direct Dial: (214) 953-5990
     Direct Fax: (214) 661-6604
     Email: crourk@jw.com

                        About Posiba Inc.

Based in San Diego, California, Posiba Inc. provides Web-based data
and analytics services for foundations and nonprofit organizations

The Debtor sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. S.D. Calif. Case No. 16-07714) on December 22, 2016.
The petition was signed by Elizabeth Dreicer, CEO.  At the time of
the filing, the Debtor estimated its assets at $10 million to $50
million and debts at $1 million to $10 million.

The case is assigned to Judge Margaret M. Mann.  The Debtor is
represented by Smaha Law Group, APC.


PRESIDIO HOLDINGS: Moody's Hikes Corporate Family Rating to B1
--------------------------------------------------------------
Moody's Investors Service upgraded Presidio Holdings Inc.'s
corporate family rating ("CFR") to B1 from B2 and its probability
of default rating to B1-PD from B2-PD. The rating action concludes
the review for upgrade commenced on February 28, 2017 following the
company's announcement that it launched an initial public offering
("IPO") of its stock. As part of the rating action, Moody's
confirmed the B3 ratings of the senior unsecured notes issued at
Presidio and the B1 ratings of the senior secured debt at its
wholly-owned subsidiary, Presidio LLC. Moody's has also withdrawn
the ratings on the senior subordinated notes following the full
repayment of the notes with the IPO proceeds. Moody's also assigned
an SGL-2 liquidity rating to Presidio Holdings Inc. indicating good
liquidity. The outlook is stable.

RATINGS RATIONALE

The CFR upgrade reflects the successful completion of the primary
IPO with net proceeds of about $246 million and the resulting
reduction of the company's debt, in addition to Moody's expectation
for further debt pay-downs, interest expense savings which will
help the company grow its free cash flow. Moody's expects the
company's adjusted debt to EBITDA to be in the low 4.0 times range
over the next year. Nonetheless, private equity owners (Apollo
Global Management) still hold around 75% of the company shares
post-IPO, and there is a risk that Presidio may provide some
support to aid the equity return to these holders, which could
postpone further deleveraging.

Presidio's credit profile is supported by its near-national
geographic footprint and improved positioning of its high-end
products. The company's efforts to enhance its specialization
capabilities across product categories in data center,
virtualization, networking and security deployments provide good
long term growth prospects for the company to expand the sale of
technology solutions to small and medium sized businesses. Although
one OEM vendor (Cisco) accounts for the majority of its revenue,
the company has been expanding its partnerships with other leading
technology vendors such as Dell/EMC and VMware.

The stable outlook reflects Moody's expectations that Presidio will
maintain its market position serving mid-sized business customers,
generate mid-single digit revenue and profit growth, and balance
the allocation of its free cash flow among business reinvestment,
shareholder payouts and debt pay downs.

The rating could be upgraded if the company executes in its
strategy and pays down debt leading to sustainably lower levels of
adjusted debt to EBITDA below 3.5 times (after Moody's standard
adjustments) while achieving organic revenue growth consistent with
industry levels and without pressuring operating margins.

The ratings could be downgraded if the company does not achieve
expected revenue and EBITDA growth, from factors that might include
weak economic conditions, increased customer churn, poor execution,
or heightened competition. In addition, negative rating pressure
could arise if adjusted debt to EBITDA remains above 4.5 times or
liquidity weakens. A deteriorating relationship with key suppliers,
Cisco and Dell/EMC especially, could also place downward pressure
on the rating.

Moody's assigned an SGL-2 liquidity rating to Presidio indicating
good liquidity, supported by growing cash balances, availability
under its $50 million revoling credit facility expiring in February
2020, lack of near-term debt maturities, and expectation of about
$100 million of free cash flow generation over the next 12 months.
Presidio also has access to an ABL revolving credit facility set to
expire in February 2018.

The ratings for Presidio's debt instruments reflect both the
overall probability of default of the company, reflected in the PDR
of B1-PD, and an average recovery expectation at default. The
senior secured credit facilities at Presidio LLC are rated B1
(LGD3). The senior secured debt instruments benefit from the
collateral package and the full and unconditional guarantee by
Presidio's domestic subsidiaries.

However, the relatively large $250 million accounts receivables
securitization program enjoys a preferential collateral position,
while the fairly high level of payables with the company's key
partner Cisco that currently provides junior capital support could
decline rapidly in a default scenario if payments terms are
tightened. The senior unsecured notes are rated B3-LGD5, reflecting
both the notes' junior position in the capital structure.

The following summarizes rating actions:

Issuer: Presidio, Holdings, Inc.

-- Corporate Family Rating, Upgraded to B1 from B2 Rating Under
    Review

-- Probability of Default Rating, Upgraded to B1-PD from B2-PD
    Rating Under Review

-- Senior Unsecured Bond/Debenture, Confirmed at B3 (LGD5)

-- Senior Subordinated Regular Bond/Debenture, Caa1 (LGD6) rating

    under review, Withdrawn

-- Speculative Grade Liquidity rating, assigned SGL-2

Issuer: Presidio, LLC

-- Senior Secured Bank Credit Facility, Confirmed at B1 (LGD3)

Outlook Actions:

-- Outlook, Changed To Stable from Rating Under Review

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


PROGRESSIVE ACUTE: Disclosures OK'd; Plan Hearing on April 18
-------------------------------------------------------------
The Hon. Robert Summerhays of the U.S. Bankruptcy Court for the
Western District of Louisiana has approved Progressive Acute Care,
LLC's disclosure statement filed on March 14, 2017, referring to
the Debtor's plan of liquidation.

A hearing to consider the confirmation of the Plan is set for April
18, 2017, at 10:00 a.m.

Objections to the confirmation of the Plan must be filed by April
11, 2017.

Written acceptances or rejections of the Plan must be filed by
April 11, 2017.

Not later than two business days prior to the hearing, the Plan
proponent's counsel will file a tabulation of voting and a schedule
of plan payments.

                  About Progressive Acute Care

Progressive Acute Care, LLC, Progressive Acute Care Avoyelles,
LLC, Progressive Acute Care Oakdale, LLC, and Progressive Acute
Care Winn, LLC filed Chapter 11 petitions (Bankr. W.D. La. Case
Nos. 16-50740, 16-80584, 16-50742, and 16-50743, respectively) on
May 31, 2016.  The petitions were signed by Daniel Rissing, CEO.
The case is assigned to Judge Robert Summerhays.

The Debtors are represented by Barbara B. Parsons, Esq., Catherine
Noel Steffes, Esq., William E. Steffes, Esq., at Steffes, Vingiello
& McKenzie, LLC.  The Debtors retained Solic Capital Advisors, LLC,
as their Financial Advisor.  King, Reinsch, Prosser & Co., L.L.P.,
serves as the Debtor's certified public accountants.

The Debtors estimated assets and debts at $10 million to $50
million at the time of the filing.

Henry Hobbs, Jr., acting U.S. Trustee for Region 5, on June 21,
2016, appointed three creditors to serve on the Committee.  The
Acting U.S. Trustee, on Dec. 20, has added two more members to the
Creditors' Committee.  Sills Cummis & Gross P.C. serves as the
Committee's legal counsel and Kean Miller LLP as co-counsel.


PROMOMANAGERS INC: Seeks to Hire Parker & Associates as Counsel
---------------------------------------------------------------
PromoManagers Inc. seeks approval from the US Bankruptcy Court for
the District of Massachusetts to employ Nina M. Parker and Parker &
Associates as counsel.

Parker & Associates, as the Debtor's counsel, will be:

     a. advising the Debtor with respect to the rights, powers and
duties as debtor-in-possession in the continued operation of the
business and management of the assets;

     b. advising the Debtor with respect to any plan of
reorganization and any other matters relevant to the formulation
and negotiation of a plan or plans of reorganization in these
cases;

     c. representing the Debtor at all hearings and matters
pertaining to the affairs as debtor and debtor-in-possession;

     d. preparing, on the Debtor's behalf, all necessary and
appropriate applications, motions, answers, orders, reports and
other pleadings and other documents, and review all financial and
other reports filed in the Chapter 11 case;

     e. advising the Debtor with respect to, and assisting in the
negotiation and documentation of, financial agreements, debt and
cash collateral orders and related transactions;

     f. reviewing and analyzing the nature and validity of any
liens asserted against the Debtor's property and advising the
Debtor concerning the enforceability of such liens;

     g. advising the Debtor regarding their ability to initiate
actions to collect and recover property for the benefit of the
estate;

     h. advising and assisting the Debtor in connection with the
potential disposition of any property;

     i. advising the Debtor concerning executory contract and
unexpired lease assumptions, lease assignments, rejections,
restructurings and recharacterization of contracts and leases;

     j. reviewing and analyzing the claims of the Debtor's
creditors, the treatment of such claims and the preparation, filing
or prosecution of any objections to claims;

     k. commencing and conducting any and all litigation necessary
or appropriate to assert rights held by the Debtor, protect assets
of the Debtor's Chapter 11 estate or otherwise further the goal of
completing the Debtor's successful reorganization other than with
respect to matters to which the Debtor retain special counsel or
other professionals; and

     l. performing all other legal service and providing all other
necessary legal advice to the Debtor as debtors-in-possession which
may be necessary in the Debtor's bankruptcy proceeding.

Parker & Associates will seek compensation based upon its normal
and usual hourly billing rates, and will seek reimbursement of
expenses.

Nina M. Parker, attorney and the principal of Parker & Associates,
attests that she and each member of her firm is a "disinterested
person" as that term is defined in 11 U.S.C. Section 101(14).

The Firm can be reached through:

     Nina M. Parker
     Marques C. Lipton
     PARKER & ASSOCIATES
     10 Converse Place, Suite 201
     Winchester, MA 01890
     Tel: (781)729-0005
     Email: nparker@ninaparker.com
            mlipton@ninaparker.com

                                About Promomanagers Inc

PromoManagers provides promotional products from leading brands
such as Norwood, Leeds, Gemline, Bic, Port Authority, Sweda, Prime,
Columbia and Hit among others. The company has extensive experience
in the industry having shipped products around the world.

PromoManagers sought Chapter 11 protection (Bankr. D. Mass. Case
No. 17-10747) on March 6, 2016.  The Debtor is represented by Nina
M. Parker, Esq of Parker & Associates.


PROVEN PEST: Taps Rogers Law Offices as Legal Counsel
-----------------------------------------------------
Proven Pest Solutions, Inc. seeks approval from the U.S. Bankruptcy
Court for the Northern District of Georgia to hire legal counsel in
connection with its Chapter 11 case.

The Debtor proposes to hire Rogers Law Offices to give legal advice
regarding its duties under the Bankruptcy Code, assist in
connection with any bankruptcy plan, and provide other legal
services.

The hourly rates charged by the firm are:

     Beth Rogers       $350
     James Carroll     $295

Beth Rogers, Esq., at Rogers Law Offices, disclosed in a court
filing that her firm does not hold or represent any interest
adverse to the Debtor's bankruptcy estate.

The firm can be reached through:

     Beth E. Rogers, Esq.
     James F. F. Carroll, Esq.
     100 Peachtree Street, Suite 1950
     Atlanta, GA 30303
     Phone: 770-685-6320
     Fax: 678-990-9959
     Email: brogers@berlawoffice.com

                About Proven Pest Solutions Inc.

Proven Pest Solutions, Inc. sought protection under Chapter 11 of
the Bankruptcy Code (Bankr. N.D. Ga. Case No. 17-54503) on March 8,
2017.  The petition was signed by Brandon Caldwell, president.

The case was initially assigned to Judge Paul W. Bonapfel.  On
March 13, 2017, Judge Bonapfel ordered the transfer of the case to
Judge W. Homer Drake in the Newnan Division.  The case was assigned
a new case number: 17-10564.

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


RCS CAPITAL: Litigation Trust Sues Founder For Looting Company
--------------------------------------------------------------
Jeff Montgomery, writing for Bankruptcy Law360, reports that RCS
Creditor Trust, a litigation trust formed during RCS Capital
Corp.'s Delaware bankruptcy, has filed in Chancery Court a lawsuit
against the Debtor's founder Nicholas S. Schorsch and other
individuals and companies for allegedly looting RCS and its public
investors.  According to Law360, the lawsuit ties many of the
allegations of "disloyal self-dealing" to Mr. Schorsch.

                        About RCS Capital

New York-based RCS Capital Corporation --
http://www.rcscapital.com/-- is a full-service investment firm    

focused on the individual retail investor.  With operating
subsidiaries primarily focused on retail advice and until the
completion of recently announced pending sales and divestiture of
its wholesale distribution and investment banking, the company's
business aims to capitalize, grow and maximize value for the
investment programs its distributes and the independent advisors
and clients it serves.

RCS Capital Corporation and 11 of its affiliates filed Chapter 11
bankruptcy petitions (Bankr. D. Del. Case Nos. 16-10223 to
16-10234) on Jan. 31, 2016.  The RCS Debtors' petitions were
signed by David Orlofsky as chief restructuring officer. The
Debtors disclosed total assets of $1.97 billion and total debts of
$1.39 billion.  RCS Capital Corp. disclosed total assets of
$1,403,924,232 and total liabilities of $912,449,960.

RCS Capital's affiliates led by Cetera Advisor Networks Insurance
Services, LLC and Cetera Financial Group, Inc. filed separate
Chapter 11 petitions (Bankr. D. Del. Case Nos. 16-10730 to
16-10748) on March 26, 2016.  The cases are jointly administered
under the Chapter 11 case of RCS Capital Corporation, Case No.
16-10223.

The RCS and Cetera Debtors have engaged Dechert LLP as general
counsel, Young Conaway Stargatt & Taylor, LLP as Delaware counsel,
Zolfo Cooper Management, LLC as restructuring advisor, Lazard
Freres & Co. LLC as investment banker and Prime Clerk LLC as
administrative advisor and claims and noticing agent.

Cetera Advisor Networks Insurance Services, LLC, estimated under
$50,000 in assets and $500 million to $1 billion in debts.  The
Cetera Debtors' petitions were signed by Carol Flaton, chief
restructuring officer.


REDSKINS GRILLE: Has Final OK to Use First Republic's Cash
----------------------------------------------------------
The Hon. Klinette Kindred of the U.S. Bankruptcy Court for the
Eastern District of Virginia has entered a final order approving
Redskins Grille 1, LLC, d/b/a Hail & Hog Kitchen and Tap's use of
cash collateral.

The Court ordered that the Debtor's motion is granted in part.  The
Debtor is authorized to maintain the Debtor's depository account at
First Republic Bank and use the cash collateral solely for the
specific purpose of servicing the Debtor's obligations to the bank.


First Republic Bank has a perfected security interest in the
Debtor's cash collateral in the amount of $7,332, and postpetition
proceeds from sale of other collateral.

As reported by the Troubled Company Reporter on Feb. 6, 2017, the
Debtor asked for authorization from the Court to use cash
collateral to pay reasonable and necessary general operating and
administrative expenses during the Debtor's reorganization.  The
Debtor contended that it has engaged in reasonable exploration of
the availability of alternate credit, however it is unable to
obtain postpetition credit.  The Debtor proposed to grant First
Republic Bank a replacement lien in postpetition cash collateral.
The Debtor further proposed to grant First Republic Bank a
continuing lien over substantially all of Debtor's assets and
third-party guaranties.

                 About Redskins Grille 1, LLC

Redskins Grille 1, LLC, d/b/a Hail & Hog Kitchen and Tap, operates
a theme restaurant paying homage to the NFL's Washington Redskins
at 20376 Exchange Street, Ashburn, VA 20147.

Redskins Grille 1 filed a Chapter 11 petition (Bankr. E.D. Va. Case
No. 17-10102) on Jan. 10, 2017.  The petition was signed by Robert
E. Burness, managing member.  The case is assigned to Judge Robert
G. Mayer.  The Debtor is represented by Roy M. Terry, Jr., Esq., at
Sands Anderson PC.  At the time of filing, the Debtor estimated
assets and liabilities at $1 million to $10 million each.


REYNOLDS PROTECTION: Taps Joyce W Lindauer Attorney as Counsel
--------------------------------------------------------------
Reynolds Protection, LLC seeks approval from the US Bankruptcy
Court for the Northern District of Texas, Dallas Division, to
employ counsel.

In order to effectuate a reorganization, propose a Plan of
Reorganization and effectively move forward in its bankruptcy
proceeding, the Debtor desires to hire Joyce W. Lindauer Attorney,
PLLC as counsel in this matter.

Sarah M. Cox, Jamie N. Kirk and Jeffery M. Veteto are associate
attorneys working for the owner Ms. Joyce W. Lindauer. The
compensation to be paid to Ms. Lindauer shall be $350.00 per hour,
Ms. Cox and Ms. Kirk shall be $195.00 per hour, and Mr. Veteto
shall be $185.00 per hour.  Paralegals and legal assistants are
billed at $85.00 to $105.00 per hour.

Joyce W. Lindauer attests that she and each member of the Firm are
a "disinterested person" as defined in Section 101(14) of the
Bankruptcy Code.

The Firm can be reached through:

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

                                    About Reynolds Protection

Reynolds Protection LLC filed a voluntary Chapter 11 Bankruptcy
petition in the United States Bankruptcy Court for the Northern
District of Texas, Dallas Division (Bankr. N.D. Tex. Case No.
17-30761) on March 2, 2017.  The Debtor is represented by Joyce W.
Lindauer, Esq. of Joyce W. Lindauer Attorney, PLLC.


RUSSELL INVESTMENTS: S&P Assigns 'BB' ICR; Outlook Negative
-----------------------------------------------------------
S&P Global Ratings said it assigned its 'BB' issuer credit rating
on Russell Investments Cayman Midco Ltd.  The outlook is negative.
S&P also affirmed its 'BB' issue rating on the $847 million senior
secured first-lien term loan and $50 million senior secured
revolving credit facility issued by Russell Investments US
Institutional Holdco Inc. and Russell Investments US Retail Holdco
Inc., two subsidiaries of Russell which in turn guarantees the
debt.  The recovery rating remains at '3', indicating S&P's
expectation for a meaningful recovery (50%) for debtholders in the
event of a payment default.

Russell is a traditional asset manager with approximately $174
billion in assets under management and $84 billion in derivative
overlay as of Dec. 31, 2016.  Russell is the successor of Emerald
Acquisition Ltd., which was formed after TA Associates and
Reverence Capital Partners acquired the asset management business
previously incorporated under Frank Russell Co. from the London
Stock Exchange.

"Russell is a leading player in the outsourced chief investment
officer (OCIO) space, with solutions for both institutional and
retail clients." said S&P Global Ratings credit analyst Brian
Estiz.  The majority of the company's revenues are generated from
the investment management division, with capabilities to manage
assets in house or through the selection of external managers.

The negative outlook reflects S&P's expectation that the company
will operate with debt to adjusted EBITDA at approximately 5x in
the next six to 12 months as gains from meaningful cost synergies
offset the increase in funded debt.  S&P's forecast also reflects
its view that AUM will remain fairly constant over the next year.

S&P could lower the ratings if leverage increases modestly above
its expectations as a result of lower AUM, fee rate pressures, or
an inability to recognize synergies.  Under this scenario, leverage
would be in the low-5.0x area.  Additionally, any further
debt-funded dividend payments could also result in ratings
pressure.

S&P could revise the outlook to stable if performance is ahead of
expectations, with meaningful AUM growth and moderate average fee
rate increases, or if the company is able to realize its synergies
at an accelerated pace.  At that time, S&P would forecast leverage
would to be in the low- to mid-4x area on a sustained basis.
Additionally, the revision of the outlook to stable would also be
predicated on S&P's view that the company has become somewhat less
aggressive in its financial policies.  



SCIENTIFIC GAMES: Completes Redemption of $250 Million 2018 Notes
-----------------------------------------------------------------
Scientific Games Corporation announced it has completed the
redemption of all $250 million aggregate principal amount of its
outstanding 8.125% senior subordinated notes due 2018 at a
redemption price equal to 100% of the principal amount of the 2018
Notes, plus accrued and unpaid interest to but not including the
redemption date.

The redemption was made pursuant to the terms set forth in a notice
of redemption distributed by the trustee under the indenture
governing the 2018 Notes on Feb. 14, 2017.

Scientific Games used a portion of the net proceeds from its
offering of $1.15 billion in aggregate principal amount of 7.000%
senior secured notes due 2022, which closed on Feb. 14, 2017, to
redeem the 2018 Notes.

                    About Scientific Games

Scientific Games Corporation (NASDAQ:SGMS) is a leading developer
of technology-based products and services and associated content
for worldwide gaming, lottery and interactive markets.  The
Company's portfolio includes gaming machines, game content and
systems; table games products and shufflers; instant and draw-based
lottery games; server-based lottery and gaming systems; sports
betting technology; loyalty and rewards programs; and interactive
content and services.  For more information, please visit
ScientificGames.com.

Scientific Games reported a net loss of $353.7 million on $2.88
billion of total revenue for the year ended Dec. 31, 2016, compared
to a net loss of $1.39 billion on $2.75 billion of total revenue
for the year ended Dec. 31, 2015.  The Company's balance sheet at
Dec. 31, 2016, showed $7.08 billion in total assets, $9.02 billion
in total liabilities and a total stockholders' deficit of $1.93
billion.

                          *    *    *

In November 2014, Moody's Investors Service downgraded Scientific
Games Corporation's Corporate Family Rating to 'B2' from 'B1'
following the announcement that the company had completed its
merger with Bally Technologies, Inc.

As reported by the TCR on Aug. 9, 2016, S&P Global Ratings lowered
its corporate credit rating on Scientific Games to 'B' from 'B+'.
The outlook is stable.  "The downgrade of Scientific Games reflects
our forecast for lower EBITDA growth and weaker credit measures
than we previously expected," said S&P Global Ratings credit
analyst Ariel Silverberg.


SCOTT SWIMMING: May Use Webster Bank's Cash Until March 31
----------------------------------------------------------
The Hon. Julie A. Manning of the U.S. Bankruptcy Court for the
District of Connecticut has entered its 26th interim order,
authorizing
Scott Swimming Pools Inc. to use Webster Bank's cash collateral
until March 31, 2017.

A further hearing on the continued use of cash collateral will be
held on March 21, 2017, at 11:00 p.m.

As of the Petition Date, the Debtor was indebted to Webster Bank in
the amount of $451,000.

Substantially all of the Debtor's revenue is derived from contracts
and receivables obtained from operating its pool business.

The Debtor has represented that it has an immediate and continuing
need for the use of the pre-petition collateral and the proceeds
thereof constituting cash collateral in order to continue the
operation of, and avoid immediate and irreparable harm to its
business, and to maintain and preserve going concern value.
Accordingly, without the ability to use the prepetition collateral
and the cash collateral, the Debtor submits that it will be unable
to pay ongoing management, payroll, raw material, insurance,
utilities and other necessary expenses related to the continued
operation of the Debtor's business, to generate cash flow, and to
maintain the value of Debtor's assets.  In that event, its
employees will be terminated.

Webster Bank is granted post-petition claims against the Debtor's
estate, which will have priority in payment over any other
indebtedness and obligations now in existence or incurred by the
Debtor and over all administrative expenses or charges against
property, subject only to the carve-out.  As security for the
Adequate Protection Claim, the Debtor grants to Webster Bank, an
enforceable and perfected replacement lien and security interest in
the postpetition assets of the Debtor's estate equivalent in
nature, priority and extent to the liens and security interests of
Webster Bank, in the prepetition collateral and the proceeds and
products thereof, subject to the carve-out.  As additional adequate
protection, the Debtor will pay to Webster Bank monthly
installments of interest on the loan pursuant to the terms of the
parties' note.

The Debtor will, and is authorized to, collect and deposit the cash
collateral in a segregated DIP bank account, subject to the
replacement lien granted.

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

          http://bankrupt.com/misc/ctb15-50094-394.pdf           

                  About Scott Swimming Pools

Based in Woodbury, Conn., Scott Swimming Pools, Inc., constructs,
sells and services swimming pools.  The Debtor's offices and
property are located at 75 Washington Road, Woodbury, CT.  The
company filed a chapter 11 petition (Bankr. D. Conn. Case No.
15-50094) on Jan. 22, 2014.  The petition was signed by James M.
Scott, president.  The Debtor is represented by James M. Nugent,
Esq., at Harlow, Adams, and Friedman, P.C.  The case is assigned to
Judge Alan H.W. Shiff.  The Debtor disclosed that it had no assets
and owed creditors $3.79 million.


SEVEN HILLS: Taps Century 21 as Real Estate Broker
--------------------------------------------------
Thomas Hockycko seeks approval from the U.S. Bankruptcy Court for
the Western District of Virginia to hire a real estate broker.

Mr. Hockycko, sole member of Seven Hills Construction, LLC,
proposes to hire Century 21 Towne and Country to assist him in the
sale of his property located at 241 Annandale Avenue, Salisbury,
North Carolina.

The firm will receive 6% of the gross proceeds from the sale of the
property.

Dianne Greene, a realtor employed with Century 21, disclosed in a
court filing that she and her firm do not hold or represent any
interest adverse to the Debtor's bankruptcy estate.

The firm can be reached through:

     Dianne Greene
     Century 21 Towne and Country
     474 Jake Alexander Blvd. W.
     Salisbury, NC 28147
     Phone: (704) 637-7721
     Fax: (704) 637-7724
     Email: c21cathy@bellsouth.net

                        About Seven Hills

Headquartered in Lynchburg, Virginia, Seven Hills Construction LLC,
dba Seven Hills Construction LLC of NC, and Thomas J. Hockycko,
sole member, filed for Chapter 11 protection (Bankr. W.D. Va. Lead
Case No. 17-60251) on Feb. 8, 2017.  

At the time of the filing, Seven Hills estimated assets of less
than $50,000 and liabilities of $1 million to $10 million.  The
petition was signed by Mr. Hockycko.

Judge Rebecca B. Connelly presides over the case.  Hannah White
Hutman, Esq., at Hoover Pendrod, PLC, serves as the Debtor's
bankruptcy counsel.


SHIROKIA DEVELOPMENT: Can Use W Financial Cash Collateral
---------------------------------------------------------
Judge Nancy Hershey Lord of the U.S. Bankruptcy Court for the
Eastern District of New York has approved Shirokai Development,
LLC's stipulation with W Financial Fund L.P., allowing the Debtor's
use of cash collateral on an interim basis through April 2017.

The Debtor and W Financial reached a consensual arrangement
concerning the use of cash collateral during the Chapter 11 case,
as well as a timeline for the refinance or sale of the Property in
furtherance of a plan of reorganization.

The Debtor will be permitted to (i) carry over any amounts not
expended for a particular line item in any week to succeeding
weeks, provided that adequate assurance payments are made as
described and the Debtor fully accounts for any carry over amounts,
(ii) expend up to 10% more than the amounts set forth in a
particular line item for a specific week in such week so long as
the aggregate expenditures during the period covered by the
Stipulation and Order do not exceed the total shown on the Budget
for such interim period by more than 10%, and (iii) pay amounts
incurred from and after the Petition Date, in addition to or for
categories not listed in the Budget with the prior written consent
of the Lender; provided further, however, that nothing in the
Stipulation and Order will authorize the sale or other disposition
of any asset of the Debtor or its estate outside the ordinary
course of business or any disbursement of the proceeds resulting
therefrom except as expressly permitted hereunder and in accordance
with the Budget.  Nun pro tunc, commencing Jan. 1, 2017, the Debtor
will pay, from a third party escrow account maintained by Fox Horan
& Camerini LLP, all post-petition real estate taxes on an as due
basis.

The Budget provides for total building expenses in the amount of
$7,763 for each of the months of January through April 2017.

As adequate protection, the Debtor will grant Replacement Liens to
the Lender on all property and assets of the Debtor, and all
proceeds, rents, or profits thereof, that were subject to the
Lender’s liens and security interests and, to the extent
permissible under existing contracts, on all of the Debtor's
intellectual property, to secure an amount of the Prepetition
Indebtedness equal to the aggregate diminution in the value of the
Prepetition Lender's interests in the Prepetition Collateral
occurring from and after the Petition Date.  The Replacement Liens
will also not extend to the recovery of funds or proceeds from the
successful prosecution of avoidance actions pursuant to Sections
502(d), 544, 545, 547, 548, 549, 550 or 553 of the Bankruptcy
Code.

No party, including, but not limited to, the Committee may assert a
claim under Bankruptcy Code section 506(c) for any costs and
expenses incurred through and including April 9, 2017 in connection
with the preservation, protection or enhancement of, or realization
by the Lender upon the Prepetition Collateral.

As additional adequate protection, the Lender will be granted, to
the extent of the net decrease, Superpriority Claims under Section
507(b) of the Bankruptcy Code, and, subject to the Carve-Outs, the
Superpriority Claim will have priority in payment over any and all
other administrative expense claims of any kind under the
Bankruptcy Code.  The Superpriority Claim will not extend to
proceeds of avoidance actions under chapter 5 of the Bankruptcy
Code.

As additional adequate protection, the Debtor will make Adequate
Protection Payments on the 1st of each month, commencing on Feb. 1,
2017, in the amount of $32,500, which will first be applied to
interest at the Default Rate, as that term is defined in the Loan
Documents, and thereafter, to reduce the principal amount of the
Prepetition Indebtedness.

The Trustee Motion is adjourned sine die.

Notwithstanding the foregoing, the Committee or any
party-in-interest with standing will have until 4:00 p.m. (EST) on
the 60th day after the Petition Date or such other date that is
ordered by the Court to dispute or challenge the validity,
perfection, extent, amount and priority of Lender’s claims and
liens and/or the right to dispute Lender's right to any adequate
protection payments authorized under the Order.

                 About Shirokia Development LLC

Shirokia Development, LLC, a single asset real estate business
based in Flushing, New York, filed a chapter 11 petition (Bankr.
E.D.N.Y. Case No. 16-45568) on Dec. 9, 2016.  The petition was
signed by Hong Qin Jiang, sole member.  The Debtor is represented
by Dawn Kirby, Esq., at Delbello Donnellan Weingarten Wise &
Wiederkehr.  The Debtor disclosed total assets at $27 million and
total liabilities at $21.80 million.


SLM CORP: S&P Assigns 'BB+' Issuer Credit Rating; Outlook Stable
----------------------------------------------------------------
S&P Global Ratings said it assigned a 'BBB-' issuer credit rating
to Sallie Mae Bank and a 'BB+' issuer credit rating to its parent,
SLM Corp.  The outlook on both ratings is stable.

"Our issuer credit ratings on Sallie Mae Bank, the bank subsidiary
of SLM Corp., are based on the company's strong market share in a
growing education market; its good profitability and robust
capital; and its consistent underwriting standards." said S&P
Global Ratings credit analyst Diogenes Meija.  The company's rapid
loan growth, narrow focus on private student lending, and
dependence on brokered and Internet deposits and securitization
funding offset these strengths.  The stand-alone credit profile
(SACP) is 'bbb-'.

S&P believes SLM--the leading company in student lending--accounted
for roughly half of the originations of private student loans in
2016, sourcing those loans through its relationships with more than
2,400 schools.  While several banks have reduced or exited student
lending, SLM has remained the dominant player. Wells Fargo and
Discover Financial Corp. also have meaningful market shares, but
they trail SLM by a fairly wide margin.

The stable outlook reflects S&P's expectation that the company will
grow fairly rapidly and use nondeposit funding but will continue to
operate with robust capital and adequate liquidity and maintain its
current underwriting standards.  S&P expects over time that the
company will grow non-education-related business lines such as
personal loans, but S&P expects this to remain small over the next
two years.

S&P expects the company's loans to increase at a 20% to 25% annual
rate and asset-backed securitizations to rise to up to one-fifth of
its total funding in the next three years.  The high rate of growth
is based on the company's large origination engine relative to
their balance sheet following the spin-off.  S&P expects the growth
rate to decrease in percentage terms as the balance sheet catches
up to the size of the company's origination capacity.  The stable
outlook also incorporates S&P's expectation that the company will
maintain a high RAC ratio throughout S&P's two-year forecast
horizon.  Lastly, S&P expects the company will maintain its current
underwriting practices: About 90% of its loans have a cosignor, and
the average FICO score of its borrowers is close to 750.

S&P could lower the rating if the company loosened its underwriting
standards to capture more business, particularly if it required
cosignors on fewer of its loans.  S&P could also lower the rating
if capital fell sustainably below the 10% RAC ratio threshold.
Lastly, S&P could also lower the rating if the student lending
market--which is subject to regulatory risk--changed in an
unfavorable way.  For instance, if the federal government made more
financing available to students, the market share for private
student lenders would be significantly reduced.  If private student
loans became easier to discharge in bankruptcy, S&P also would
reassess the rating.

S&P could raise the rating if the company demonstrated a longer
track record of low charge-offs--for instance, below 200 basis
points--over at least a few years or if it successfully diversified
into new business lines that S&P believed improved its
creditworthiness.  However, S&P is unlikely to raise the rating
until the company demonstrated success over some period in any new
business lines it enters.  S&P could also raise the rating if the
company significantly improved its funding profile by increasing
the amount of traditional deposits in their funding and relying
less on nontraditional deposits and securitizations.


SOBEYS INC: DBRS Lowers Issuer Rating to BB(high)
-------------------------------------------------
DBRS Limited downgraded the Issuer Rating and Senior Unsecured Debt
rating of Sobeys Inc. (Sobeys or the Company) to BB (high) from BBB
(low), maintaining the Negative trend. DBRS has also assigned a
recovery rating of RR3 to the Company's Senior Unsecured Debt. The
rating actions reflect Sobeys' continued underperformance relative
to its peers, resulting in lost market share. Declining operating
performance began in early 2016 and has deteriorated significantly
in each subsequent quarter thereafter.

On September 15, 2016, following Sobeys' Q1 F2017 results, DBRS
confirmed the Company's Issuer Rating and Senior Unsecured Debt
rating at BBB (low) and changed the trend to Negative. At that
time, DBRS stated that, if Sobeys successfully stabilized its
same-store sales in Western Canada and reversed the downward
trajectory in operating income toward a run rate of approximately
$1.0 billion per year, the trend could be revised to Stable. On
December 14, 2016, DBRS commented on Sobeys' Q2 F2017 results. DBRS
believed that the likelihood of the Company stabilizing and then
improving run-rate EBITDA to an acceptable level in F2017 had
diminished and that credit metrics could deteriorate to a level
that is no longer satisfactory for the BBB (low) rating category
(lease-adjusted debt-to-EBITDAR comfortably below 4.0 times (x)).

In Q3 F2017, revenue declined 2.3% year over year (YOY) based on
same-store sales of negative 3.7% (excluding fuel). In the Western
Canada business unit, same-store sales were negative 5.5%
(excluding fuel). Adjusted EBITDA decreased to $151.8 million, a
decline of 30.4% YOY and a decline of 3.9% from Q2 F2017. The
challenges continue to relate to (1) customer reaction to
integration issues and store-level disruption at Canada Safeway,
(2) intensified competition in food retail, (3) price-sensitive
consumers and their shift toward discount grocery retailers as well
as (4) food deflation. As a result, the Company's lease-adjusted
debt-to-EBITDAR and lease-adjusted EBITDAR coverage for the last 12
months (LTM) ended February 4, 2017, deteriorated to 3.80x and
4.97x, respectively, from 3.27x and 5.31x, respectively, for the
LTM ended August 6, 2016.

DBRS believes that the continued deterioration in operating
performance, which has widened relative to the Company's peers, has
resulted in a credit risk profile that is no longer consistent with
an investment-grade rating. DBRS believes that the food retail
environment will remain challenging in the near to medium term as
competition intensifies and food deflation/low food inflation
persists.

DBRS has maintained the Negative trend as it expects that a
meaningful recovery will be challenging and will take time to
achieve, and credit metrics will worsen before they improve (using
Q3 F2017 EBITDA on a run-rate basis results in lease-adjusted
debt-to-EBITDAR of 4.37x). Sobeys is expected to face ongoing
intense competition in a highly promotional environment. Although
DBRS recognizes the merits of the Company's Simplified Buy & Sell
Program and its roll-out of new concept stores, Sobeys extra, DBRS
expects that a significant improvement in operating performance
will be difficult to realize over the near to medium term as this
strategy could take time to materialize, involves execution risk
and could incite competitors to adopt more aggressive promotional
strategies.

Over the next four quarters, if Sobeys is successful in narrowing
and/or reversing the gap in same-store sales relative to peers
and/or reversing the downward trajectory in operating income above
a run rate of approximately $600 million per year, the trend could
be revised to Stable. However, if same-stores sales and/or
operating income continue to deteriorate such that lease-adjusted
debt-to-EBITDAR increases above 4.5x, lease-adjusted EBITDAR
coverage decreases below 4.5x and/or free cash flow (after
dividends and before changes in working capital) is meaningfully
negative, the ratings could be downgraded to BB. DBRS notes that it
does not expect Sobeys to generate a material amount of free cash
flow in the near future that could be applied to debt reduction.
While the Company could use capital conserving or other measures to
improve credit metrics through debt reduction, the revision of a
trend to Stable continues to be more influenced by stabilization
and recovery in operating income.

Sobeys' ratings continue to be supported by its number two position
in the Canadian food retailing market and its diversification
across the country, balanced by intense competition and execution
risks associated with its turnaround strategy across Canada.


SQUARETWO FINANCIAL: U.S. Unsecureds Get 0% Under Chapter 11 Plan
-----------------------------------------------------------------
SquareTwo Financial Services Corporation, et al., filed with the
U.S. Bankruptcy Court for the Southern District of New York a
disclosure statement dated March 3, 2017, referring to the Debtors'
joint prepackaged Chapter 11 plan.

Holders of Class 7A U.S. General Unsecured Claims -- estimated at
$4,348,000 -- will not recover anything under the Plan.  This class
is impaired.  

Class 7B Canadian General Unsecured Claims -- estimated at $737,000
-- will recover 100% under the Plan.  This class is unimpaired.

Among other things, the Plan provides for: (a) a new money
investment in the Debtors in Cash from the Plan Investor in
exchange for 100% of the new equity of Reorganized CACH,
Reorganized CACV of Colorado, and Reorganized SquareTwo Financial
Canada Corporation; (b) holders of claims under the First Lien
Financing Agreement and 1.25 Lien Credit Agreement to receive
payment of their claims owed as of the Petition Date in full in
Cash (plus postpetition interest at a combination of the default
and non-default rates as set forth in the Plan) in full and final
satisfaction of their respective claims; (c) holders of claims
under the 1.5 Lien Credit Agreement to receive their pro rata share
of the remaining cash in full and final satisfaction of their
claims; and (d) Wind Down Co to effectuate the Plan, including the
winding down and dissolution of the Dissolving Debtors.

In addition to distributions on account of the Prepetition Secured
Lender Claims, the Plan provides for: (a) the payment in full in
Cash of Allowed (i) Administrative Expense Claims, (ii) Priority
Tax Claims, and (iii) Fee Claims; and (b) reinstatement or payment
in full, as applicable, of (x) Priority Non-Tax Claims, (y) Other
Secured Claims, and (z) Canadian Claims and Assumed U.S.
Liabilities. Under the Plan, holders of (i) claims under the Second
Lien Indenture, (ii) General Unsecured Claims against the U.S.
Debtors, and (iii) Existing U.S. Interests will not receive a
recovery on account of their Claims and/or Interests.  The
Dissolving Debtors will be liquidated and no distributions are
expected to be made.

A copy of the Disclosure Statement is available at:

           http://bankrupt.com/misc/nysb17-10659-21.pdf

                    About SquareTwo Financial

SquareTwo Financial Services Corporation, et al.'s primary business
is to acquire, manage, and collect charged-off consumer and
commercial accounts receivable, which are accounts that credit
issuers have charged off as uncollectible, but that remain owed by
the borrower and subject to collection.

The Debtors filed for Chapter 11 bankruptcy protection (Bankr.
S.D.N.Y. Case No. 17-10659) on March 19, 2017.

The Debtors are represented by Matthew A. Feldman, Esq., Paul V.
Shalhoub, Esq., Robin Spigel, Esq., and Debra C. McElligott, Esq.,
at Willkie Farr & Gallagher LLP, in New York.  The Debtors' CCAA
Counsel is D.J. Miller, Esq., Asim Iqbal, Esq., and Mitch Grossell,
Esq., at Thornton Grout Finnigan LLP, in Toronto, Ontario.

The Debtors' Restructuring  Advisor is Alixpartners, LLP;
Investment Bankers are Keefe, Bruyette & Woods, Inc., and Miller
Buckfire & Co.

The Debtors' Claims & Noticing Agent is Prime Clerk LLC.

At the time of filing, the Debtors had estimated assets of $100
million to $500 million and estimated debts of $100 million to $500
million.

The petition was signed by J.B. Richardson, Jr., authorized
signatory.


STEINY AND COMPANY: Court Extends Plan Filing Period Thru June 26
-----------------------------------------------------------------
Judge Julia Brand has extended Steiny and Company Inc.'s exclusive
plan filing period through June 26, 2017 and its exclusive
solicitation period through August 25, 2017.

As previously reported by The Troubled Company Reporter, the Debtor
is working on marketing its assets for sale.  After the sale of the
assets, the Debtor is contemplating on proposing a liquidating
plan.  The Debtor believes that it will be
able to present an offer to the Court for approval of the sale of
its assets within the next 30-60 days.

                        About Steiny and Company

Steiny and Company, Inc., sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. C.D. Cal. Case No. 16-25619) on Nov. 28,
2016.  The petition was signed by Vincent P. Mauch, chief financial
officer.  The case is assigned to Judge Julia W. Brand. At the time
of the filing, the Debtor estimated its assets and debts at $10
million to $50 million.

The Debtor tapped Ron Bender, Esq., Jacqueline L. James, Esq., and
Lindsey L. Smith, Esq., at Levene, Neale, Bender, Yoo & Brill LLP,
as bankruptcy counsel and Edward Barron, Esq. and Barron &
Associates as special counsel.  The Debtor hired Consortium Finance
Securities, LLC and Craft Partners, LLC as financial advisors and
investment bankers.

U.S. Trustee Peter C. Anderson on Dec. 22, 2016, appointed three
creditors of Steiny and Company, Inc., to serve on the official
committee of unsecured creditors. The committee members are: (1)
Walters Wholesale Electric; (2) Karish Electronics; and (3)
Smithson Electric.  The Committee retained Scott E. Blakeley, Esq.
and Ronald Clifford, Esq. at Blakeley LLP as its counsel.


SUMMIT INVESTMENT: Taps Ferguson Hayes Hawkins & DeMay as Counsel
-----------------------------------------------------------------
Summit Investment Co. Inc. seeks approval from the US Bankruptcy
Court for the Middle District of North Carolina, Winston-Salem
Division, to employ Brian P. Hayes as well as his law firm
Ferguson, Hayes, Hawkins & DeMay, PLLC as attorney.

The legal services will be necessary to conduct an examination of
the debtors; examine the public records as to recorded mortgages
and liens and security interests; develop a plan of reorganization
for the repayment of arrearage and/or refinance of the real
property in this case; and other legal matters which may arise.

Brian P. Hayes attests that neither he nor any members of the firm
have any connection with Debtors, the creditors, or any other party
in interest, or their respective attorneys, and they represent no
interest adverse to the Debtors, or the estate in the matters upon
which they are to be engaged.

The Firm can be reached through:

     Brian P. Hayes, Esq.
     FERGUSON HAYES HAWKINS & DEMAY PLLC
     45 Church Street South
     P.O. Box 444
     Concord, NC 28026-0444
     Tel: (704) 788-3211

                                    About Summit Investment Co.
Inc.

Summit Investment Co., Inc., sought protection under Chapter 11 of
the Bankruptcy Code (Bankr. M.D.N.C. Case No. 17-50230) on March 2,
2017.  At the time of the filing, the Debtor estimated its assets
and debts at $1 million to $10 million.


SUNGEVITY INC: U.S. Trustee Forms 5-Member Committee
----------------------------------------------------
Andrew Vara, acting U.S. trustee for Region 3, on March 22
appointed five creditors to serve on the official committee of
unsecured creditors in the Chapter 11 cases of Sungevity, Inc. and
its affiliates.

The committee members are:

     (1) Mario Palumbo
         c/o Millenium Partners
         Attn: Mario Palumbo
         1995 Broadway, 3rd Floor
         New York, NY 10023
         Phone: 212-875-4905

     (2) LG Electronics U.S.A, Inc.
         Attn: Paul Ertel
         910 Sylvan Avenue
         Englewood Cliffs, NJ 07632
         Phone:201-816-2079

     (3) Locus Energy, Inc.
         Attn: Christopher Cline
         2 Hudson Place, 6th Floor
         Hoboken, NJ 07030
         Phone: 631-288-6116
         Fax: 888-362-0641

     (4) Andrew Adelman
         c/o Jack Raisner, Esq.
         c/o Rene Roupinian, Esq.
         Attn: Outten & Golden LLP
         985 Third Avenue, 25th Floor
         New York, NY 10017
         Phone: 212-245-1000
         Fax: 646-509-2070

     (5) SolarEdge Technologies, Inc.
         Attn: Rachel Prishkolnik
         47505 Seabridge Drive
         Fremont, CA 94538
         Phone: 510-498-3200

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 Sungevity

Sungevity, Inc., Sungevity SD, LLC, Sungevity Development, LLC,
Sungevity International Holdings, LLC and their subsidiaries and
affiliates ("Sungevity"), provide sales, marketing, system design,
installation, maintenance, financing services, and
post-installation services for solar energy systems in the U.S.,
the U.K., and Europe.  

Sungevity is a privately-held technology company that, until
relatively recently, was successfully pursuing growth strategies.
The principal place of business for the company is 66 Franklin
Street, Suite 310, Oakland, California.

Sungevity, Inc. and three of its affiliates sought protection under
Chapter 11 of the Bankruptcy Code (Bankr. D. Del. Lead Case No.
17-10561) on March 13, 2017.  The petitions were signed by Andrew
Birch, chief executive officer.  The cases are assigned to Judge
Laurie Selber Silverstein.

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

Morrison & Foerster LLP serves as the Debtors' bankruptcy counsel.
The Debtors hired Young Conaway Stargatt & Taylor, LLP as local
Counsel; Alixpartners LLC as financial advisor; Ducera Securities
LLC as investment banker; and Kurtzman Carson Consultants LLC as
claims and noticing agent.


SWAGAT HOTELS: Seeks to Use Cash to Maintain Quality Inn - McHenry
------------------------------------------------------------------
Swagat Hotels, LLC, asks the U.S. Bankruptcy Court for the District
of Maryland to authorize it to continue using the cash collateral
of PHG McHenry, LLC, through March 31, 2017 to pay its operating
expenses and maintain the value of the bankruptcy estate.

The Debtor is a Maryland Limited Liability Company operating a
hotel trading as the Quality Inn - McHenry.

The Debtor is indebted to PHG McHenry in the amount of
approximately $2,600,000.  To secure the indebtedness, the Debtor
conveyed to PHG McHenry interest in the property located at 2704
Deep Creek Drive, McHenry, Maryland, together with all rents,
issues and profits from the Property.

On Jan. 6, 2017, the Court entered an Order authorizing the Debtor
to use cash collateral through Jan. 31, 2017.

The Debtor is able to provide adequate protection in the form of a
continuing lien on post-petition cash collateral as well as
adequate protection payments for an interim period to allow the
Debtor to commence to reorganize the operations of the estate.  The
Debtor has proposed, and PHG has agreed to accept, a monthly
payment of $13,000 as additional adequate protection to the Lender.
Accordingly, under the circumstances of the Chapter 11 case, the
granting of the relief requested in the Motion is warranted.

The Debtor asks that the Court enters the proposed Order granting
it the authority to continue using the cash collateral of PHG
McHenry, and such other and further relief as is just and proper.

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

  
http://bankrupt.com/misc/mdb16-24255_55_Cash_Swagat_Hotels_LLC.pdf

                       About Swagat Hotels, LLC

Swagat Hotels LLC, doing business as Quality Inn Deep Creek Lake,
sought protection under Chapter 11 of the Bankruptcy Code (Bankr.
D. Md. Case No. 16-24255) on Oct. 27, 2016.  The petition was
signed by Nitin B. Chhibber, managing member.  The case is
assigned
to Judge Wendelin I. Lipp.  At the time of the filing, the Debtor
estimated assets of less than $50,000 and liabilities of $1
million
to $10 million.

The Debtor is a Maryland Limited Liability Company operating a
hotel trading as the Quality Inn - McHenry.

A court filing disclosed that an Official Committee of Unsecured
Creditors has not yet been appointed in the Chapter 11 case.


SWORDS GROUP: Crossland Buying Lebanon Property for $2.1 Million
----------------------------------------------------------------
Judge of the U.S. Bankruptcy Court for the Middle District of
Tennessee will convene a hearing on April 18, 2017 at 9:00 a.m. to
consider Swords Group, LLC's sale of real property located at 704
Briskin Lane, Lebanon, Tennessee, to Crossland Transit Group, Inc.
or any assignee for $2,100,000.

Objection deadline is April 7, 2017.

Since before the Petition Date, the Debtor has marketed its
properties, including the Property to be sold under the Motion.

The Debtor has filed a Chapter 11 plan that proposes to satisfy the
Debtor's primary non-insider debt – secured debt owed to Simmons
Bank and property tax debt owed on the Debtor's real estate –
through the sale of real property owned by the Debtor. While
awaiting a final hearing on the Debtor's Plan, the Debtor has
located and secured a buyer on one of Debtor's properties.

On March 14, 2017, Debtor and Buyer signed the Agreement to sell
the Property, the closing of which is expressly subject to approval
by the Court.

The salient terms of the Agreement are:

          a. Purchase Price: $2,100,000

          b. Earnest Money: $25,000

          c. Closing Date: Within 30 days of closing of the
Inspection Period Inspection Period: 60 days from contract
execution.

          d. Brokers' Commission: 5%, upon Court approval

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

      http://bankrupt.com/misc/Swords_Group_139_Sales.pdf

The Debtor is the owner of the Property.  It is subject to a
recorded security interest in favor of Simmons Bank, and the Debtor
owes back taxes on the property to the Wilson County, Tennessee Tax
Assessor for 2014 through year-to-date 2017.

Simmons Bank filed a proof of claim in the case (Claim No. 2) in
the amount of $3,438,992.  The Simmons Bank claim is also secured
by other properties owned by the Debtor, which the Debtor is also
marketing during the Chapter 11 proceeding.

Wilson County filed a proof of claim in the case (Claim No. 4),
reflecting that Debtor owed approximately $38,092 in taxes with
respect to the Property.

The Buyer understands that the Court must approve the sale as a
condition to closing.  The parties are ready to commence the
inspection period upon filing of the Motion.

Assuming total commissions of 5% split between Joe McKnight with
Chas.  Hawkins Co., Inc., the listing agent whose employment has
been approved by the Court and Avison Young, the Buyer's real
estate brokerage, the estate will net an estimated recovery of
approximately $1,995,000, which amounts will enable the Debtor to
satisfy outstanding property tax debt on the Property and pay down
a significant amount of the secured debt owed to Simmons Bank.

The Debtor will satisfy the entire tax liability on the Property at
closing, leaving approximately $1,957,000 in remaining sale
proceeds, which amounts will be transferred to Simmons Bank,
thereby reducing the Bank's secured claim.  Simmons Bank would
retain its liens on the other three properties still owned by the
Debtor's estate, as well as a lien on the sale proceeds prior to
payment to Simmons Bank.

It is Debtor's understanding that the Property has an appraised
fair market value of approximately $2,200,000, but that such value
does not take into account the recently discovered geological
issues.  The Buyer's offer for the Property is the best offer that
Debtor has received for the Property in the past year.  The Debtor
and its real estate professionals believe that the Buyer's offer is
among the best offer that Debtor could reasonably expect for the
Property.  Accordingly, the Debtor asks the Court to authorize the
sale of the Property free and clear of all liens, claims interests
and encumbrances in accordance with the procedures set forth; and
authorize the payments to Simmons Bank, Wilson County, Tennessee,
and Chas. Hawkins Co., Inc.

The Purchaser can be reached at:

          Keith A. Howard
          VP Operations
          CROSSLAND TRANSIT GROUP, INC.
          31315, 2nd St., Suite 219
          Louisville, KY 40208

                       About Swords Group

Swords Group, LLC, sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. M.D. Tenn. Case No. 16-03837) on May 26,
2016.  The petition was signed by Jerry Swords, president.

The Debtor is represented by Griffin S. Dunham, Esq., at Dunham
Hildebrand, PLLC.  The case is assigned to Judge Marian F.
Harrison.

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

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

On September 16, 2016, the Debtor filed a disclosure statement,
which explains its proposed Chapter 11 plan of reorganization.
The
plan proposes to pay general unsecured claims in full.


T&C GYMNASTICS: Allowed to Continue Using Cash Until May 23
-----------------------------------------------------------
Judge Timothy A. Barnes of the U.S. Bankruptcy Court for the
Northern District of Illinois authorized T&C Gymnastics, LLC, to
continue using cash collateral on an interim basis until May 23,
2017.

Judge Barnes acknowledged that an immediate need exists for the
Debtor to use the Prepetition Collateral, including the cash
collateral, to continue its business operations.

The Debtor acknowledged that, as of Petition Date, there exists a
valid lien upon its assets and the cash proceeds thereof by William
and Janice Whitaker, who holds security interests in substantially
all the assets of the Debtor by way of lien in the amount of
$71,094.  The Debtor also acknowledged that, as of Petition Date,
Financial Agent Services, also holds a security interest in
substantially all assets of the Debtor by way of lien in the amount
of $17,214.

Accordingly, the Whitakers and Financial Agent Services are granted
a security interest in and replacement lien upon all the Debtor's
currently existing and after-acquired property, and the proceeds
and products thereof.  

In addition, the Debtor is directed to make interim monthly
payments to the Whitakers in the amount of $250, and to Financial
Agent Services in the amount of $800.

The final hearing on the use of cash collateral will take place on
May 23, 2017, at 10:30 a.m.

A full-text copy of the Third Interim Order, entered on March 8,
2017, is available at http://tinyurl.com/ktwehhe

                        About T&C Gymnastics

T&C Gymnastics, LLC, sought chapter 11 protection (Bankr. N.D. Ill.
Case No. 16-14993) on May 2, 2016.  The petition was singed by Tony
Whitaker, manager.  The Debtor is represented by Joshua D. Greene,
Esq., at Springer Brown LLC.  At the time of the filing, the Debtor
estimated its assets at $50,001 to $100,000 and debts at $100,001
to $500,000.

The Debtor provides gymnastics instruction and lessons to children
of all ages.

The Troubled Company Reporter, on June 27, 2016, reported that T&C
Gymnastics filed a plan of reorganization and accompanying
disclosure statement proposing a 100% distribution to 100% of the
allowed claims of general unsecured creditors.  A full-text copy of
the Disclosure Statement is available at:
http://bankrupt.com/misc/ilnb16-14993-36.pdf  


TABERNA PREFERRED: Opportunities Revises Offer to Purchase Notes
----------------------------------------------------------------
Opportunities II Ltd. ("Offeror") has amended and restated its
previously announced offer to purchase for cash certain of the
notes issued by Taberna Preferred Funding IV Ltd. and Taberna
Preferred Funding IV Inc.

The revised offer amends and restates, in all aspects, the offer to
purchase announced by the Offeror on March 1, 2017, and is subject
in all aspects to the terms and conditions contained in the amended
and restated offer purchase, dated March 22, 2017, and related
amended and restated letter of transmittal.

The revised offer documents contain additional disclosures related
to discussions offeror has had with various parties and Offeror's
future plans and increase the purchase prices for the notes
(without interests):

1) Class A-1 first priority delayed draw senior secured floating
rate notes due May 5, 2036; $371.19 per $1,000 original principal
amount;

2) Class A-2 second priority senior secured floating rate notes due
May 5, 2036; $400 per $1,000 original principal amount;

3) Class A-3 third priority senior secured floating rate notes due
May 5, 2036; $40 per $1,000 original principal amount;

4) Class B-1 fourth priority senior secured floating rate notes due
May 5, 2036; $15 per $1,000 original principal amount;

5) Class B-2 fourth priority senior secured floating rate notes due
May 5, 2036; $15 per $1,000 original principal amount;

6) Class C-1 deferrable fifth priority senior secured floating rate
notes due May 5, 2036; $18.23 per $1,000 original principal
amount;

7) Class C-2 deferrable fifth priority secured fixed/floating rate
notes due May 5, 2036; $18.57 per $1,000 original principal
amount;

8) Class C-3 deferrable fifth priority secured fixed/floating rate
notes due May 5, 2036; $19.99 per $1,000 original principal
amount;

9) Class D-1 deferrable mezzanine secured floating rate notes due
May 5, 2036; $20.63 per $1,000 original principal amount;

10) Class D-2 deferrable mezzanine secured floating rate notes due
May 5, 2036; $30.40 per $1,000 original principal amount;

11) Class E deferrable subordinate secured floating rate notes due
May 5, 2036; $24.04 per $1,000 original principal amount.

The revised offer is subject in all respects to the terms and
conditions contained in the offer to purchase, and if certain
conditions in the offer documents are not met, the offer will have
no obligation to accept any notes in the offer and may terminate
the offer in its discretion.

The revised offer will expire on April 4, 2017, at 5:00 p.m., New
York City time, unless extended by the offeror.

The offer documents are available by contacting the offeror at:

   Opportunities II Ltd.
   c/o HoldCo Asset Management L.P.
   Attn: Vik Ghei
   32 Broadway, Suite 1201
   New York, NY 10004
   Tel: (212) 785-5567
   Email: vik@holdcoadvisors.com


TANNER COMPANIES: Committee Taps Hamilton Stephens as Counsel
-------------------------------------------------------------
The official committee of unsecured creditors of Tanner Companies,
LLC seeks approval from the U.S. Bankruptcy Court for the Western
District of North Carolina to hire legal counsel.

The committee proposes to hire Hamilton Stephens Steele + Martin,
PLLC to give legal advice regarding its duties under the Bankruptcy
Code, participate in any process related to the sale of assets,
investigate the conduct and financial condition of the Debtor, and
provide other legal services.

The hourly rates charged by the firm are:

     Glenn Thompson      $425
     Melanie Raubach     $300
     Julia May           $240
     Paralegal           $125

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

The firm can be reached through:

     Melanie D. Johnson Raubach, Esq.
     Hamilton Stephens Steele + Martin, PLLC
     201 South College Street, Suite 2020
     Charlotte, NC 28244

                      About Tanner Companies

Tanner Companies, LLC's business generally consists of the design
and direct sales of high-end seasonal women's luxury apparel and
accessories, under the Doncaster label, through
independently-contracted sales stylists.

The Debtor filed a Chapter 11 bankruptcy petition (Bankr. W.D.N.C.
Case No. 17-40029) on Jan. 27, 2017.  The petition was signed by
Elaine T. Rudisill, chief restructuring officer.   The Debtor
disclosed total assets of $4.30 million and total liabilities of
$18.12 million.  

The case is assigned to Judge Craig J. Whitley.  The Debtor is
represented by Joseph W. Grier, III, Esq., at Grier Furr & Crisp,
PA.  The Debtor hired GreerWalker LLP as accountant, and Elaine T.
Rudisill of The Finley Group, Inc., as chief restructuring officer.


An official committee of unsecured creditors has been formed in the
case.


TEMPEST GROUP: Wants Plan Exclusivity Extended Thru May 31
----------------------------------------------------------
The Tempest Group, Inc. asks the U.S. Bankruptcy Court for the
Western District of Pennsylvania to extend its exclusive plan
filing period through May 31, 2017.

The Debtor informs the Court that it is currently in negotiations
with its primary creditor, Avanti Wind Systems, Inc.; and that they
have made significant progress towards resolution of Avanti's
claim.

The Debtor reiterates that resolution of that claim would
materially affect its Plan of Reorganization and as such, it needs

additional time to attempt to finalize a settlement.

              About The Tempest Group, Inc.

The Tempest Group filed for Chapter 11 bankruptcy protection
(Bankr. W.D. Pa. Case No. 16-70496) on July 5, 2016, estimating its
assets at $0 to $50,000 and liabilities at $100,001 and $500,000.
The Petition was signed by Cynthia Cuenin, President.  Robert O.
Lampl, Esq., serves as the Debtor's bankruptcy counsel.

The Office of the U.S. Trustee on Sept. 27, 2016, disclosed in a
court filing that no official committee of unsecured creditors has
been appointed in the Chapter 11 case of The Tempest Group.


TERRE HAUTE: S&P Lowers ICR to 'BB' on Weak Management
------------------------------------------------------
S&P Global Ratings has lowered its issuer credit rating (ICR) on
Terre Haute, Ind. four notches to 'BB' from 'BBB+'.  At the same
time, S&P lowered the long-term rating to 'BB' from 'BBB+' on Terre
Haute Sanitary District's 2012 bonds.  The outlook is negative for
both ratings.

"The downgrade reflects our view of the city's very weak management
conditions, demonstrated by an ongoing structural imbalance with no
credible long-term plan in place to restore fiscal solvency," said
S&P Global Ratings credit analyst Anna Uboytseva.

The city's 'vulnerable' Financial Management Assessment score and
the political gridlock that is negatively affecting financial
operations also contribute to S&P's very weak management
assessment.  In S&P's view, the rating is also constrained by the
city's very weak budgetary flexibility with available reserves at
less than negative 5% of general fund expenditures.  The 'BB'
rating reflects S&P's opinion that the city faces uncertain
financial conditions that could hurt its ability to meet its
financial commitments.

The negative outlook reflects uncertainty regarding the city's
ability to create, implement, and sustain structural budgetary
reforms, as well as a possibility that access to external cash
could be diminishing.  Therefore, S&P believes that there is a
one-in-three chance the rating could be lowered over the next one
or two years.

The city has very weak finances, characterized by a negative
general fund cash balance (negative $8 million at the end of 2016)
that's unlikely to improve in the foreseeable future.  The city's
financial position continues to deteriorate following at least
seven years of structurally imbalanced operations.  Terre Haute
officials cite the growing and high tax cap losses (circuit-breaker
losses), which accounted for 32% of the 2015 certified levy, as the
cause of financial deterioration.  In addition to high
circuit-breaker losses, the city faces several other challenges
including: underperforming golf and park funds with consistent
operating deficits and negative reserves (negative $3.8 million and
negative $1.1 million cash reserves, at the end of 2016,
respectively); management's unwillingness to make expenditure
reductions, and unrealistic budget assumptions.

Circuit breaker tax caps came into effect in 2008.  Terre Haute's
tax caps have been high since tax reform measures were introduced
but then more than doubled in 2013 following a 13% decline in the
net assessed value as a result of reassessment.  Over time,
management implemented budget adjustments but they have been small
relative to the revenue losses and budget deficits.  Management has
been reluctant to make cuts to the budget because public safety
expenditure comprises a significant portion of the budget.
Consequently, the ending general fund cash reserves declined to
negative 28% of operating expenditures in 2015, from negative 14%
in 2013 and negative 3% in 2010.


THRU INC: Case Summary & 16 Largest Unsecured Creditors
-------------------------------------------------------
Debtor: Thru, Inc.
        909 Lake Carolyn Parkway
        Irving, TX 75039

Case No.: 17-31034

Business Description: Thru, Inc. provides cloud-based enterprise-
                      class file transfer solutions.  The
                      Company's file transfer solutions are
                      designed and deployed to meet the needs of
                      customers from ad hoc bidirectional file
                      exchange to integrated and automated file
                      exchange.  It offers Managed File Transfer
                      Platform, a solution for file transfer
                      across businesses and enterprises; secure
                      file transfer solutions; FTP Alternative
                      that allows users to retire file transfer
                      protocol (FTP) servers and do away with
                      unattractive and difficult to use
                      interfaces; Partner File Exchange Portal, a
                      FTP replacement solution; and mobile file
                      sharing and collaboration solutions that
                      include Thru Secure Dropbox that enables to
                      securely receive files or folders from
                      external senders.  The Company also offers
                      Managed File Transfer Platform as a Service
                      that enables businesses and enterprises to
                      integrate managed file transfer capabilities
                      into a corporate Website or application; and
                      electronic software delivery and support
                      solutions.  It serves software, financial
                      services, architecture, manufacturing, and
                      energy industries worldwide.  Thru, Inc. has

                      strategic partnerships with Rackspace,
                      Microsoft, Salesforce, VMware, IBM, Cleo,
                      Servcorp, Symantec, HCL, and Citrix.  The
                      company was formerly known as Rumble Group
                      and changed its name to Thru, Inc. in
                      February 2006.  Thru, Inc. was founded in
                      2002 and is based in Irving, Texas with
                      additional offices in San Jose, California;
                      Sydney, Australia; and London, United
                      Kingdom.  For more information about the
                      Company, please visit www.thruinc.com
                     (Source: http://www.bloomberg.com)

Chapter 11 Petition Date: March 22, 2017

Court: United States Bankruptcy Court
       Northern District of Texas (Dallas)

Judge: Hon. Stacey G. Jernigan

Debtor's Counsel: Keith Miles Aurzada, Esq.
                  BRYAN CAVE LLP
                  2200 Ross Avenue, Suite 3300
                  Dallas, TX 75201
                  Tel: (214) 721-8041
                  Fax: (214) 721-8100
                  E-mail: keith.aurzada@bryancave.com

                         - and -

                  Michael P. Cooley, Esq.
                  BRYAN CAVE LLP
                  2200 Ross Avenue, Suite 3300
                  Dallas, TX 75201-4675
                  Tel: 214-721-8054
                  E-mail: michael.cooley@bryancave.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Lee Harrison, chief executive officer.

A copy of the Debtor's list of 16 largest unsecured creditors is
available for free at http://bankrupt.com/misc/txnb17-31034.pdf


TLA HOLDING: Taps Brohill Realty as Real Estate Broker
------------------------------------------------------
TLA Holding, LLC seeks approval from the U.S. Bankruptcy Court for
the Western District of Texas to hire a real estate broker.

The Debtor proposes to hire Brohill Realty, Ltd. to market and
lease, or sell its real property located at 2348 CR 422,
Pleasanton, Texas.

Brohill will receive a fee, which is 6% of the price of the
property if sold, or 6% of the base rent if leased.

Roxana Adler, a private contractor of the firm, disclosed in a
court filing that the firm does not represent any interest adverse
to the Debtor or its bankruptcy estate.

The firm can be reached through:

     Roxana T. Adler
     Brohill Realty, Ltd.
     1004 W. Oaklawn
     Pleasanton, TX 78064
     Phone: (830) 569-4455
     Email: radler8905@aol.com

                         About TLA Holding

TLA Holding LLC filed a voluntary petition under Chapter 11 of the
Bankruptcy Code (Bankr. W.D. Tex. Case No. 16-11448) on December 6,
2016.  At the time of the filing, the Debtor estimated assets and
liabilities of less than $1 million.  

The Debtor is represented by Frank B. Lyon, Esq., at the Law
Offices of Frank B. Lyon, and Catherine Lenox, Esq.


TLD BAR: Has Interim Court OK to Use Cash Collateral in March
-------------------------------------------------------------
The U.S. Bankruptcy Court for the Northern District of Texas
entered an agreed fourth interim order authorizing Bettye Rigdon,
Carousel Properties, LLC, and TLD Bar Ranch, LP, to use cash
collateral from March 1, 2017, through and including March 31,
2017.

The cash collateral includes all deposits, rents and all cash
arising from the collection or conversion into cash of property of
Ms. Rigdon in which the Internal Revenue Service and First State
Bank-Chico has valid prepetition security interest, lien or
mortgage.

All other terms and provisions of the interim court order,
including the grant of replacement liens to the IRS and the
Prepetition Lender to compensate for any diminution in the IRS's or
the Prepetition Lender's interest in the cash collateral will
remain in full force and effect.

As additional adequate protection of the IRS's interests in the
cash collateral, the Debtor will make an adequate protection
payment to the IRS in the amount of $1,000 by March 20, 2017.  

A copy of the Court Order and the Budget is available at:

        http://bankrupt.com/misc/txnb16-44620-68.pdf

TLD Bar Ranch, L.P., filed a chapter 11 petition (Bankr. N.D. Tex.
Case No. 16-44622) on Dec. 2, 2016.  The petition was signed by
Bettye Jean Rigdon, manager of BJR Re Management, LLC, as the
general partner of TLD Bar Ranch L.P.  The case is assigned to
Judge Mark X. Mullin.  TLD Bar Ranch estimated assets at $1 million
to $10 million and liabilities at $500,000 to $1 million at the
time of the filing.  The Debtor is represented by Jeff P. Prostok,
Esq., at Forshey & Prostok, LLP.

Carousel Properties, LLC filed a Chapter 11 petition (Bankr. N.D.
Tex. Case No. 16-44621), on Dec. 2, 2016.  The Petition was signed
by Bettye Jeanne Rigdon, president.  The case is assigned to Judge
Russell F. Nelms.  The Debtor is represented by Jeff P. Prostok,
Esq., at Forshey & Prostok, LLP.  At the time of filing, the Debtor
had estimated $1 million to $10 million in both assets and
liabilities.

Bettye Jeanne Rigdon filed for Chapter 11 bankruptcy protection
(Bankr. N.D. Tex. Case No. 16-44620) on Dec. 2, 2016.  Jeff P.
Prostok, Esq., at Forshey & Prostok, LLP, serves as the Debtor's
bankruptcy counsel.

The cases are jointly administered under Bettye Jeanne Rigdon, Case
No. 16-44620.


TUSCANY ENERGY: Can Continue Using Armstrong Cash Until April 10
----------------------------------------------------------------
Judge Erik P. Kimball of the U.S. Bankruptcy Court for the Southern
District of Florida authorized Tuscany Energy, LLC, to use cash
collateral on an interim basis through through April 10, 2017.

The Debtor is authorized to use cash collateral, in the amounts
consistent with the Budget, to pay those actual and necessary
ordinary course operating expenses pursuant to the terms of the
Fifteenth Interim Order.

Judge Kimball approved the Debtor's Budget for March 11 to April
10, 2017 which reflects total lease operating expenses of
approximately $54,971 and total administrative expenses in the
aggregate sum of $8,500.

With respect to the management fee set forth in the Budget, the
Debtor will only provide Donald Sider with a payment of an amount
up to $10,000 during the period of the Fifteenth Interim Order,
provided that, such amount leaves the Debtor in a $500 positive
cash flow position at the end of the period of the Fifteenth
Interim Order.

Armstrong Bank is granted replacement liens to the same extent and
priority that Armstrong Bank held a properly perfected prepetition
security interest.

As additional adequate protection, subject to a reduction for the
Holiday Bonuses, Judge Kimball directed the Debtor to maintain a
Cash Collateral Pool containing at least a total of $217,000 in
cash on hand and accounts receivable -- $141,000 in cash and
$76,000 in accounts receivable.

The Debtor is also directed to continue to maintain insurance
coverage in amounts and against risks as required by Armstrong
Bank, with such insurance policies reflecting Armstrong Bank as
loss payee and the U.S. Trustee as a notice party.

The Court will hold an interim hearing on cash collateral on April
5, 2017 at 2:00 p.m.

A full-text copy of the Fifteenth Order, dated March 8, 2017, is
available at https://is.gd/BRrRFX

                      About Tuscany Energy

Tuscany Energy, LLC, filed for Chapter 11 bankruptcy protection
(Bankr. S.D. Fla. Case No. 16-10398) on Jan. 11, 2016.  The
petition was signed by Donald Sider, manager.  The case is assigned
to Judge Erik P. Kimball.  At the time of the filing, the Debtor
estimated assets at $100,000 to $500,000 and liabilities at $1
million to $10 million.   The Debtor is represented by Bradley S.
Shraiberg, Esq., and Bernice Lee, Esq., at Shraiberg, Ferrara, &
Landau P.A.  No official committee of unsecured creditors has been
appointed in the Chapter 11 case of Tuscany Energy.


TWIN OAKS: Taps Tarpy Cox Fleishman & Leveille as General Counsel
-----------------------------------------------------------------
Twin Oaks Apartments Ltd L.P. seeks approval from the US Bankruptcy
Court for the Eastern District of Tennessee, Northern Division, to
employ Lynn Tarpy and the firm Tarpy, Cox, Fleishman & Leveille,
PLLC, as general counsel.

Services to be performed by counsel include all matters dealing
with the Chapter 11 bankruptcy including litigation in the
bankruptcy, federal, and state courts.

Counsel will be reimbursed at the rate of $300 per hour. Associates
will be reimbursed at the rate of $75-$90 per hour for any
paralegal or law clerk, $200 for Luke Durham, and $300 per hour for
Thomas Leveille.

Lynn Tarpy attests that she and her firm are disinterested persons
as set forth in 11 U.S.C. Sec. 327.

The Firm can be reached through:

     Lynn Tarpy, Esq.
     TARPY COX FLEISHMAN & LEVEILLE PLLC
     1111 N. Northshore, Suite N-290
     Knoxville, TN 37919
     Tel: (865) 588-1096

                About Twin Oaks Apartments Ltd, L.P.

Twin Oaks Apartments Ltd, L.P. dba Twin Oaks Apartments 1 dba Twin
Oaks Apartments 2 dba Twin Oaks Apartments Limited filed a Chapter
11 petition (Bankr. E.D. Tenn. Case No. 17-30605), on March 6,
2017. The petition was signed by Alfred Landon Moyers, Jr., general
partner. The case is assigned to Judge Suzanne H. Bauknight. The
Debtor is represented by Thomas Lynn Tarpy, Esq. at Tarpy, Cox,
Fleishman & Leveille, PLLC. At the time of filing, the Debtor had
both assets and liabilities estimated to be between $1 million to
$10 million.


US STEEL CANADA: Claims Against Directors & Officers Due April 20
-----------------------------------------------------------------
The Superior Court of Justice of Ontario approved procedures for
the filing of claims against any present or former directors and
officers of U.S. Steel Canada Inc. and responsible persons.

All persons who assert a D&O claim must file a D&Q proof of claim
with Ernst & Young Inc., court-appointed monitor of the company, on
or before 5:00 p.m. (Eastern Time) on April 20, 2017, to:

   Ernst & Young Inc.
   Monitor of USSC
   222 Bay St., P.O. Box 251
   Toronto-Dominion Centre
   Toronto, ON M5K 1J7
   Attention: USSC Monitor
   Tel: 1-844-941-7764
   Fax: 1-416-943-2887
   Email: ussc.monitor@ca.ey.com

A copy of the supplementary claims process order is available at
the website of Ernst & Young Inc.:

                   http://www.ey.com/ca/ussc

The copy of that order is also available at Koskie Minsky LLP, the
court-appointed representative counsel to all non-United
Steelworkers of America employees and retirees at:

              http://kmlaw.ca/cases/usscrepcounsel

In addition, you are affected by the Supplementary Claims Process
Order if you are a present or former employee of USSC or its
subsidiaries who is not a member of or represented by the United
Steelworkers of America ("Non-USW Employees") in one of these
categories:

a) Non-USW Employees who are beneficiaries under the U. S. Steel
Canada Inc. Retirement Plan for Salaried Employees at Hamilton
Works (FSCO Registration No. 0338509); the U. S. Steel Canada Inc.
Retirement Plan for Salaried Employees at Lake Erie Works (FSCO
Registration No. 0698753); and the U. S. Steel Canada Inc.
Retirement Plan for Employees at the Pickle Line Department of Lake
Erie Works (FSCO Registration No. 1206457) (the "Non-USW Pension
Plans");

b) Non-USW Employee's and their dependents, heirs, administrators
or assigns who are beneficiaries under USSC's post-employment
benefit plans; and.

c) any Non-USW Employee with a claim related to the cessation of
their employment.

If you are a Non-USW Employee who has not opted out of
representation by Representative Counsel and have any questions
regarding the process described above, please contact
Representative Counsel at 1-866-777-6341 or at
usscrepcounsel@kmlaw.ca or the Monitor at 1-844-941-7764.

If you are an opt-Out Individual pursuant to the Representative
Counsel Appointment Order dated Oct. 8, 2014, and have any
questions regarding the process described above, please contact
your counselor call the Monitor's Hotline at 1-844-941-7764.

                   About U.S. Steel Canada, Inc.

U.S. Steel Canada's operations are located at Lake Erie Works, a
fully integrated steelmaking facility, and at Hamilton Works, home
to cokemaking and finishing operations including its zinc-coating
facility, Z-Line.  U.S. Steel Canada has the capability of
producing approximately 2.6 million tons of steel annually and
employs approximately 2,000 people.

U.S. Steel Canada commenced court-supervised restructuring
proceedings under the Companies' Creditors Arrangement Act, R.S.C.
1985, c. C-36, before the Ontario Superior Court of Justice
(Commercial List) on Sept. 16, 2014.  Ernst & Young Inc. has been
appointed by the CCAA court as monitor pursuant to an Initial CCAA
Order.


US STEEL: Fitch Affirms B+ Issuer Default Rating
------------------------------------------------
Fitch Ratings has affirmed United States Steel Corporation's (U. S.
Steel; NYSE: X) Issuer Default Rating (IDR) at 'B+'.

The Rating Outlook has been revised to Stable from Negative based
on better than expected cost reductions, a more stable pricing
environment, and Fitch's view that the market for oil country
tubular goods has bottomed. China's supply side reform coupled with
improving global demand supports improved pricing dynamics for
steel producers. Trade protection coupled with infrastructure
stimulus could further benefit U.S. producers. Even though Fitch
expects modest declines in U.S. flat-rolled prices to follow
declines in raw material prices in 2018 and 2019, profitability
should improve with modestly higher volumes and better capacity
utilization.

RECOVERY ANALYSIS

Fitch assumes a going concern EBITDA of $550 million compared to
the Dec. 31, 2016 operating EBITDA of $401 million to reflect a
recovery in flat-rolled pricing and volumes as well as modest
improvement in tubular markets. For 2017, Fitch expects operating
EBITDA of around $750 million.

Fitch assumes a reorganization multiple of 5x which generates a
hypothetical going concern enterprise value of $2.8 billion. Fitch
assumes administrative claims at $275 million or 10% of enterprise
value. Fitch assumes the revolver is drawn to its $1.1 billion
capacity.

INSTRUMENT UPGRADES

The recovery analysis indicates outstanding recovery for the
secured credit facility and secured notes. Fitch upgraded the
senior secured notes to 'BB+/RR1' from 'BB/RR2'.

The upgrade of the senior unsecured notes to 'B/RR5' from 'B-/RR6'
reflects improved recovery after $51 million in additional
pre-payment of unsecured notes and anticipated repayment of the $70
million IRBs due 2040 in April 2017.

KEY RATING DRIVERS

De-levering

Fitch expects annual operating EBITDA to improve to roughly $800
million on average for 2017 and 2018 with modest free cash flow
generation. Fitch expects $285 million of debt to be repaid over
the period. The combination of stronger earnings and debt repayment
should drive total adjusted debt/EBITDAR to 4x and FFO adjusted net
leverage to below 3x.

SUPPORTIVE TRADE COMMISSION ACTIONS

Fitch estimates import's share of U.S. domestic production fell to
roughly 30% in 2016 from roughly 32% in 2015. Fitch expects further
modest share gains in 2017.

In the U.S. duties have been imposed on imports of:
corrosion-resistant steel from China, India, Italy and South Korea;
cold-rolled steel from China, Japan, Brazil, India, South Korea,
Russia and the United Kingdom; hot-rolled coil from Australia,
Brazil, Japan, South Korea, the Netherlands, the United Kingdom and
Turkey giving rise to import duties.

The European Commission has imposed duties on imports of:
hot-rolled steel from China, heavy steel plate from China, seamless
pipe and tube of non-stainless steel from China, and cold-rolled
steel from China and Russia. Fitch expects U. S. Steel Kosice to
operate near full capacity and have improved pricing power.

OCTG BOTTOMED

U. S. Steel Corporation is the largest domestic supplier of oil
country tubular goods (OCTG) used in oil and gas drilling and the
extreme curtailment in drilling activity in 2015 and 2016 resulted
in a substantial OCTG inventory overhang and very low capacity
utilization. In December 2016, the company decided to permanently
close the Lorain #4, Lone Star #1 pipe mills, and the Bellville
tubular operations. The Lone Star tubular operations were idled in
April 2016. The slowdown backed into raw steel production with the
blast furnace at Fairfield, AL permanently shut and steel making at
Granite City, IL idled since December 2015. Fitch Ratings believes
excess inventory represents less than six months and volumes and
prices should improve beginning in the second half of 2017.

COMPETITION IN HOT-ROLLED

This commodity product accounted for 27.6% of 2016 the company's
flat-rolled shipments and has faced significant competition from
imports and mini mill producers. Lead times at mills are five
weeks, limiting price appreciation to cost-push, mostly related to
scrap prices. The remainder of flat-rolled production is higher
value-added, with lead times more like eight weeks and mills are
producing at capacity.

REDUCED BREAK-EVEN

U. S. Steel reported $745 million of Carnegie Way benefits in 2016
following $815 million in 2015, the bulk of which were in the
flat-rolled group. Prior to this program, Fitch would have
estimated break-even capacity utilization in the 67% to 70% range
whereas the segment was profitable with average capacity
utilization of 60%. The program for 2017 is also concentrated in
flat-rolled manufacturing.

CONTROL OVER RAW MATERIALS

U. S. Steel benefits from ownership of iron mines and pellet and
coke production facilities. In 2016, the company produced 4.5
million tons of coke and 17.6 million tons of iron ore.
U. S. Steel announced agreements to supply iron ore pellets to
third parties over the next several years. The company restarted
the Keetac pellet operations which were idled in May 2015 as a
result of lower steel production. The company benefits from periods
of high iron ore prices which tend to drive steel prices higher.
Fitch expects iron ore prices to moderate to $55/tonne on average
in 2017 to $45/tonne on average thereafter.

The company is exposed to coking coal markets and prices are
expected to increase $19/ton for the 6.5 to 7 million tons consumed
if domestic coke production and Suncoke Gateway operations run at
capacity. European operations purchase coal with quarterly price
resets and consumption is about 2 million tons annually at full
coke making capacity. Fitch expects seaborne hard coking coal
prices to average $165/tonne in 2017 dropping to $135/tonne in
2018, $120/tonne in 2019 and $110/tonne thereafter.

The company sources roughly 40% of scrap steel internally.

KEY ASSUMPTIONS

Fitch's key assumptions within the rating case for U. S. Steel
include

-- Fitch expects revenues to rebound to roughly 2015 levels
    in 2017 and be relatively flat thereafter on improved prices
    and modest volume increases;

-- Cost improvement and stronger revenues should result in EBITDA

    margins of about 7% on average in 2017 and 2018;

-- Fitch expects capital expenditures to be in a range of $450
    million to $475 million;

-- Fitch expects debt to be repaid at maturity except for the $70

    million IRBs due in 2040 to be paid in 2017;

-- Fitch expects no change to dividend policy, no share-
    repurchases and no acquisitions over the next three years.

RATING SENSITIVITIES

Positive: Future developments that may, individually or
collectively, lead to a positive rating action include:

-- Debt levels materially reduced;
-- Free cash flow positive on average;
-- Total adjusted debt/EBITDAR sustainably below 3.5x.

Negative: Future developments that may, individually or
collectively, lead to negative rating action include:

-- Deterioration in liquidity coupled with cash burn greater
    than $300 million in aggregate in 2017 and 2018;

-- Weaker than expected operating results resulting in adjusted
    debt/EBITDAR sustainably above 4.5x;

-- A debt financed recapitalization or debt financed acquisition.

    Fitch views this event as unlikely.

LIQUIDITY

At Dec. 31, 2016, pro forma for the redemption of the $70 million
IRBs due 2040, cash on hand was $1.4 billion and availability under
the revolver was $1.1 billion. Fitch expects U.S. Steel to be
modestly cash flow positive over the next 24 months.

The stated maturity date of the $1.5 billion revolving credit
facility is July, 27, 2020. The maturity date would be 91 days
prior to the stated maturity of an issue of senior notes unless U.
S. Steel has liquidity not less than $500 million plus the
outstanding amount of such notes. The liquidity must include at
least $300 million available under the revolver.

Maturities of debt over the next five years are $120 million in
2017, $165 million in 2018, $59 million in 2019, $435 million in
2020, and $1.2 billion in 2021.

In 2016, U. S. Steel bolstered its liquidity with $482 million in
proceeds from equity issuance and stretched its maturities through
the issue of secured debt, the proceeds of which were used to repay
near-term maturities. In addition, the company contributed equity
valued at $100 million to its pension funds.

FULL LIST OF RATING ACTIONS

Fitch affirms the following ratings:

United States Steel Corporation

-- Long-term IDR at 'B+';
-- Senior secured credit facility at 'BB+/RR1';

Fitch upgrades the following ratings:

-- Senior secured notes to 'BB+/RR1' from'BB/RR2'.
-- Senior unsecured notes to 'B/RR5'from 'B-/RR6'.



V & V SUPERMARKETS: March 27 Meeting Set to Form Creditors' Panel
-----------------------------------------------------------------
Andy Vara, Acting United States Trustee for Region 3, will hold an
organizational meeting on March 27, 2017, at 11:00 a.m. in the
bankruptcy case of V. & V. Supermarkets, Inc. dba Foodtown of Lake
Hiawatha.

The meeting will be held at:

               United States Trustee's Office
               One Newark Center, 1085 Raymond Blvd.
               21st Floor, Room 2106
               Newark, NJ 07102

The sole purpose of the meeting will be to form a committee or
committees of unsecured creditors in the Debtors' case.

The organizational meeting is not the meeting of creditors pursuant
to Section 341 of the Bankruptcy Code.  A representative of the
Debtor, however, may attend the Organizational Meeting, and provide
background information regarding the bankruptcy cases.

To increase participation in the Chapter 11 proceeding, Section
1102 of the Bankruptcy Code requires that the United States Trustee
appoint a committee of unsecured creditors as soon as practicable.
The Committee ordinarily consists of the persons, willing to serve,
that hold the seven largest unsecured claims against the debtor of
the kinds represented on the committee.

Section 1103 of the Bankruptcy Code provides that the Committee may
consult with the debtor, investigate the debtor and its business
operations and participate in the formulation of a plan of
reorganization.  The Committee may also perform other services as
are in the interests of the unsecured creditors whom it
represents.

                     About V. & V. Supermarkets, Inc.

V. & V. Supermarkets, Inc., d/b/a Foodtown of Lake Hiawatha, filed
a Chapter 11 petition (Bankr. D.N.J. Case No. 17-15174) on March
16, 2017. The Debtor is represented by Richard D. Trenk, Esq.,
Irena M. Goldstein, Esq., and Robert S. Roglieri, Esq. at Trenk,
DiPasquale, Della Fera & Sodono, P.C.  No trustee, examiner, or
creditors' committee have been appointed in the Debtor's case.


V & V SUPERMARKETS: Taps GlassRatner as Financial Advisor
---------------------------------------------------------
V. & V. Supermarkets Inc. seeks approval from the U.S. Bankruptcy
Court for the District of New Jersey to hire a financial advisor.

The Debtor proposes to hire GlassRatner Advisory & Capital Group,
LLC to provide these services related to its Chapter 11 case:

     (a) assist in preparing analyses in connection with the
         Debtor's negotiations, meetings, and telephone conference

         with creditors;

     (b) respond to discovery requests;

     (c) assist the Debtor in the preparation of schedules of      
   
         assets and liabilities and statement of financial
         affairs;

     (d) prepare and review monthly operating reports for filing
         with the U.S. trustee;

     (e) assist in the preparation of cash flow and financial
         projections;

     (f) prepare valuation, insolvency and liquidation analysis;

     (g) review financial and corporate records, and prepare cash
         budget; and

     (i) assist the Debtor and its advisors in preparing for court

         appearances, appearances before the U.S. trustee and
         communication with any committee appointed in the
         Debtor's bankruptcy case.

The hourly rates charged by the firm are:

     Peter Schaeffer      Principal     $400
     David Greenblatt     Director      $300
     Robert Trenk         Associate     $200

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

The firm can be reached through:

     Peter N. Schaeffer
     GlassRatner Advisory & Capital Group LLC
     One Grand Central Place
     60 East 42nd Street, Suite 1062
     New York, NY 10165
     Email: pschaeffer@glassratner.com

                   About V. & V. Supermarkets

Based in Lake Hiawatha, New Jersey, V. & V. Supermarkets Inc., dba
Foodtown of Lake Hiawatha, sought protection under Chapter 11 of
the Bankruptcy Code (Bankr. D.N.J. Case No. 17-15174) on March 16,
2017.  

The case is assigned to Judge Vincent F. Papalia.

At the time of the filing, the Debtor disclosed $915,576 in assets
and $4.21 million in liabilities.


V & V SUPERMARKETS: Taps Trenk DiPasquale as Legal Counsel
----------------------------------------------------------
V. & V. Supermarkets Inc. seeks approval from the U.S. Bankruptcy
Court for the District of New Jersey to hire legal counsel in
connection with its Chapter 11 case.

The Debtor proposes to hire Trenk, DiPasquale, Della Fera & Sodono,
P.C. to give legal advice regarding its duties under the Bankruptcy
Code, assist in the disposition of assets, prepare a plan of
reorganization, and provide other legal services.

The hourly rates charged by the firm are:

     Partners          $375 - $615
     Associates        $230 - $270
     Law Clerks               $195
     Paralegals        $145 - $215
     Support Staff     $145 - $215

The professionals designated to represent the Debtor and
their hourly rates are:

     Richard Trenk       Director      $615
     Irena Goldstein     Partner       $580
     Robert Roglieri     Associate     $245

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

The firm can be reached through:

     Richard D. Trenk, Esq.
     Irena M. Goldstein, Esq.
     Robert S. Roglieri, Esq.
     Trenk, DiPasquale, Della Fera & Sodono, P.C.
     347 Mt. Pleasant Avenue, Suite 300
     West Orange, NJ 07052
     Phone: (973) 243-8600/973-323-8026
     Fax: 973-243-8677
     Email: RRoglieri@trenklawfirm.com
     Email: rtrenk@trenklawfirm.com

                   About V. & V. Supermarkets

Based in Lake Hiawatha, New Jersey, V. & V. Supermarkets Inc., dba
Foodtown of Lake Hiawatha, sought protection under Chapter 11 of
the Bankruptcy Code (Bankr. D.N.J. Case No. 17-15174) on March 16,
2017.  

The case is assigned to Judge Vincent F. Papalia.

At the time of the filing, the Debtor disclosed $915,576 in assets
and $4.21 million in liabilities.


VANITY SHOP: Committee Taps Fox Rothschild as Legal Counsel
-----------------------------------------------------------
The official committee of unsecured creditors of Vanity Shop of
Grand Forks, Inc. seeks approval from the U.S. Bankruptcy Court for
the District of North Dakota to hire legal counsel.

The committee proposes to hire Fox Rothschild LLP to give legal
advice regarding its duties under the Bankruptcy Code, investigate
the Debtor's financial condition and business operations, and
provide other legal services.

The hourly rates charged by the firm range from $205 to $895 for
the services of its attorneys, and from $135 to $385 for
paralegals.

Mette Kurth, Esq., a partner at Fox Rothschild, disclosed in a
court filing that the firm is a "disinterested person" as defined
in section 101(14) of the Bankruptcy Code.

The firm can be reached through:

     Mette H. Kurth, Esq.
     1800 Century Park East, Suite 300
     Los Angeles, CA 90067-1506
     Tel: (310) 228-4402
     Fax: (310) 556-9828
     Email: mkurth@foxrothschild.com

          -- and --

     Paul J. Labov, Esq.
     100 Park Avenue, Suite 1500
     New York, NY 10017
     Tel: (212) 878-7900
     Fax: (212) 692-0940
     Email: plabov@foxrothschild.com

          -- and --

     Ellie Barragry, Esq.
     Campbell Mithun Tower, Suite 2000
     222 South Ninth Street
     Minneapolis, MN 55402-3338
     Tel: (612) 607-7000
     Fax: (612) 607-7100
     Email: ebarragry@foxrothschild.com

                 About Vanity Shop of Grand Forks

Based in Fargo, North Dakota, Vanity Shop of Grand Forks, Inc.
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.


VISTA OUTDOORS: Moody's Alters Outlook to Neg & Affirms Ba2 CFR
---------------------------------------------------------------
Moody's Investors Service changed Vista Outdoors, Inc. (Vista)
outlook to negative from stable, and affirmed the company's Ba2
Corporate Family Rating (CFR) and the Ba2-PD probability of default
rating. The senior unsecured note rating was downgraded to B1 from
Ba3 and the speculative grade liquidity rating was downgraded to
SGL 2 from SGL 1. The outlook change is due to Vista's weak
operating performance and deteriorating credit metrics.

"A challenging retail market and weak demand for recreational
firearms and accessories has led the company to increase its
promotional activities and is pressuring margins," said Kevin
Cassidy, Senior Credit Officer at Moody's Investors Service. This
has resulted in weak credit metrics with debt/EBITDA over 3 times.
"However, Moody's expects the increase in leverage to be temporary
and fall below 3 times within a year or two," noted Cassidy. The
negative outlook reflects the uncertainty about the timing of when
Vista's operating performance will improve and the risk that
leverage will stay elevated for an extended period.

The B1 rating on the senior unsecured notes is two notches lower
than the Ba2 CFR. The downgrade to B1 reflects the increasing
proportion of secured debt in the capital structure. The notes are
guaranteed by the company's domestic operating subsidiaries. The B1
rating on the notes reflects its effective subordination to the
unrated secured credit facility ($640 million term loan and $400
million revolver).

The downgrade of the Speculative Grade Liquidity rating to SGL-2
from SGL-1 is principally due to diminished covenant cushion under
the secured credit facility. Moody's expects cushion of less than
15% on the debt/EBITDA covenant.

Ratings affirmed:

Corporate Family Rating at Ba2;

Probability of Default Rating at Ba2-PD;

Ratings downgraded:

$350 million senior unsecured notes to B1 (LGD 5) from Ba3 (LGD
5);

Speculative grade liquidity rating to SGL-2 from SGL-1;

The rating outlook is negative

RATINGS RATIONALE

Vista Outdoors' Ba2 Corporate Family Rating reflects its good size
for its product niche with pro forma revenue around $2.6 billion,
but also its high leverage with debt/EBITDA around 3 times. Ratings
benefit from Vista's strong brand recognition with brands such as
Bushnell and BLACKHAWK!, an expanding base of firearm enthusiasts,
and solid market share in ammunition and outdoor products. Vista's
exposure to volatile raw material prices (i.e., copper and lead)
constrains the rating. The rating is also constrained by the
company's focus in ammunition and other shooting related products,
and because of its recent weak operating performance and the
uncertainty and headline risk surrounding the gun industry. Because
of this uncertainty, Vista's credit metrics need to be stronger
than other similarly-rated consumer durable companies.

If the company's operating performance continues to deteriorate the
rating could be lowered. While unlikely in the near term,
significant changes in gun regulations could also prompt a
downgrade. Key credit metrics which could lead to a downgrade
include debt/EBITDA remaining above 3 times for a prolonged
period.

An upgrade is possible if Vista can increase revenue and restore
its earnings, cash flow and credit metrics in the face of
uncertainties in the gun industry. Key credit metrics that could
lead to Moody's considering an upgrade are debt/EBITDA sustained
below 1.5 times.

Subscribers can find further details in the Vista Outdoor Credit
Opinion published on Moodys.com.

The principal methodology used in these ratings was Consumer
Durables Industry published in September 2014.

Vista Outdoor (Vista), based in Farmington, Utah, is manufacturer
and marketer of outdoor sports and recreation products and
ammunition. The company produces a broad product line for the
camping, hunting, shooting sports, wildlife watching, archery, and
golf markets. Major brands include Bushnell, BLACKHAWK!, CamelBak,
Savage Arms, American Eagle, Bell, and Giro. Pro forma revenue are
approximately $2.6 billion.


WALTER J. KNEZEVICH: Has Bidders for 5 KFC Restaurants
------------------------------------------------------
Walter J. Knezevich, Inc., asks the U.S. Bankruptcy Court for the
Central District of California to authorize the bidding procedures
in connection with the sale of substantially all assets.

A hearing on the Motion is set for April 12, 2017 at 1:30 p.m.

The Debtor owned and operated five Kentucky Fried Chicken ("KFC")
franchises in Los Angeles, Riverside, and San Bernardino counties.
The Debtor closed two of its restaurants during the bankruptcy
case.  Currently, the Debtor is operating three KFC restaurants at
these locations: (i) 2294 N. Garey Avenue, Pomona, California
("Garey Restaurant"); (ii) 375 E. Mission Avenue, Pomona,
California ("Mission Restaurant"); and (iii) 18585 Van Buren Blvd.,
Riverside, Califomia ("Van Buren Restaurant").

The Debtor filed a chapter 11 plan of reorganization and disclosure
statement on Aug. 31, 2015.  By the Plan and Disclosure Statement,
the Debtor proposed to restructure its debts and its business, and
emerge from bankruptcy as a viable, operating entity.  Issues
raised by the U.S. Trustee regarding the Debtor's Monthly Operating
Reports and issues raised by one of the Debtor's former landlords
regarding the validity and amount of their administrative expense
claim delayed approval of the Disclosure Statement.

During the delay, it became apparent to the Debtor that its
continuing operations may not be able to support are organization
plan.  The Debtor therefore amended its Plan and Disclosure
Statement to provide for the liquidation of the Debtor's business
as a going concern, and began efforts to locate a buyer for its
restaurants.  As of the filing of the Motion, the Debtor has
obtained offers from these two KFC-approved buyers:

    a. On Feb. 2, 2017, Imran Ahmed/ISMO Management, Inc. made a
written offer to purchase the Restaurants as going concerns for the
purchase price of $1,100,000;

    b. On Feb. 18, 2017, Satwinder Singh made a written offer to
purchase the Restaurants as going concerns for the purchase price
of $1,200,000;

    c. On March 6, 2017, Ahmed made a revised offer to purchase the
Restaurants as going concerns for the purchase price of $1,225,000.
The Debtor has not yet received the revised offer in a writing
executed by Mr. Ahmed; and

    d. On March 7, 2017, Mr. Singh made an amended offer in writing
to purchase the Restaurants as going concerns for the purchase
price of $1,300,000.

The Debtor asks approval of the highest and best offer, and gives
potential buyers the opportunity to bid for the Restaurants.

In summary, the Proposed Sale Terms are:

     a. The Debtor will sell all personal property located at its
three restaurants, including all stock in trade, merchandise,
furniture, fixtures, equipment, computers, client list, mailing
list, and goodwill, as well as stored property consisting of
restaurant furniture and equipment from the two closed locations,
which is located in a storage unit at contained in a storage unit
located at Dollar Self Storage #3,205 N. Lincoln Avenue, Corona,
California, Unit No. 322.  However, the successful purchaser may
except such property included in the sale as desired, but in no
event will the exception of any property from the sale reduce the
purchase price.  The Debtor's office furniture, office equipment
and computers not located at the three restaurants, and its books
and records are not included in the sale.

          b. The Debtor will assume and assign its rights under its
KFC franchise agreements, leases, and rights under or to all
contracts necessary to the operation of the business.  If the
proposed purchaser does not intend to operate KFC restaurants at
the locations, the purchaser will not be required to assume the KFC
franchise agreement; however, in no event will the purchase price
be reduced for a buyer who does not assume the KFC franchise
agreements.

          c. The sale will be free and clear of all liens,
interests, claims, and encumbrances.

          d. The sale will be contingent upon entry of a final
order of the Bankruptcy Court approving the sale; and

          e. The close of escrow will occur within 30 days
following the entry of a Final Order of the Bankruptcy Court
approving the sale unless mutually extended by the Debtor and the
buyer in writing.

In order to obtain the highest and best price for the Restaurants,
the Debtor intends to implement these Bidding Procedures for the
sale of the Restaurants:

           a. Bid Deadline: Each bid, as well as information or
documentation establishing a bidder as a qualified bidder, must be
received by the Debtor no later than 5:00 p.m. on April 7, 2017,
prior to the April 12,2017, hearing on the Motion;

           b. The initial minimum overbid must be at least $25,000
over the amount of the highest proposed sale price, which, as of
the date of the Motion, results in a minimum initial overbid of
$1,325,000.  Subsequent overbids will be in increments not less
than $25,000;

           c. Each bid must be consistent with the Proposed Sale
Terms and either: (i) all cash and non-contingent; or (ii) if there
are contingencies, all contingencies must be pre-approved by
Debtor;

           d. Each bidder must make an earnest money deposit of at
least $100,000, which must be tendered to an escrow approved by the
Debtor, or Debtor's insolvency counsel to be held in trust, no
later than 5:00 p.m. on April 7, 2017.  The earnest money deposit
will be non-refundable in the event such bidder subsequently fails
to consummate the purchase;

           e. Each qualified bidder that has submitted a qualifying
bid by 5:00 p.m. on April 7, 2017 may attend the hearing for the
purpose of submitted final bid(s).

           f. Following the auction, the Debtor will announce to
the Court the final bid received that the Debtor believes presents
the best and highest offer, considering all terms thereof, and seek
Court approval of the sale on the terms of the offer.

           g. The second best offer may be confirmed by the Court
as an approved backup bid.  In the event that the purchase and sale
to the prevailing bidder does not close timely.

The Debtor holds three Franchise Agreements that allow it to
operate three KFC restaurants.  As of the date the Motion is filed,
the Debtor is in arrears on payments owed under the Franchise
Agreements in the estimated total amount of $494,301 ("KFC Cure
Claim"), $100,946 of which accrued prepetition, and the rest of
which accrued postpetition.

The Debtor is a tenant under three real property Leases pursuant to
which the Debtor leases real property on which the Debtor operates
its KFC restaurants.  The Debtor is in arrears on the Leases as
follows: (i) Van Buren Restaurant $24,001; (ii) Garey Restaurant:
$22,091; and (iii) Mission Restaurant: $39,569.  

The Debtor anticipates that the Franchise Agreements and the Leases
will be assumed and assigned as part of the proposed sale.

In addition to the Cure Claims, the Debtor believes that these
secured administrative, and priority claims are being asserted
against the estate:

                    Claimant                      Claim Type   
Claim Amount
     a. Pacific Premier Bank                       Secured        
$60,000

     b. Element Financial Corp.                    Secured         
$5,600

     c. KFC Corp.                                    Cure         
$494,301

     d. Dream Team Property, LLC                     Cure          
$24,001

     e. Teresa Silva, as Conservator of the Person   Cure          
$61,660
        and Estate of Patricia Knezevich  

     f. Clerk's Office                           Administrative  
To be determined
             
     g. Office of the United States Trustee      Administrative  
To be determined

     h. Ringstad & Sanders LLP                   Administrative    
  $125,950

     i. Little-Morris LLP                        Administrative    
    $9,543

     j. Watson Hall Investments                  Administrative    
   $15,000

     k. Gregory Schick                           Administrative    
   $11,315

     l. California Board of Equalization         Administrative    
   $20,632

     m. Michael Slocum                          Priority (wages)   
   $12,475

     n. California Board of Equalization         Priority (tax)    
  $359,794

     o. LA County Tax Collector                  Priority (tax)    
   $20,939

     q. Riverside County Tax Collector           Priority (tax)    
    $2,197

     r. San Bernardino County Tax Collector      Priority (tax)    
     $799

Thus the cure, secured, administrative, and priority tax claims
total approximately $1,224,207.  Given that the sale price is
likely to exceed $1,300,000, the Debtor anticipates that there will
be sufficient funds to pay all such claims in full.

The Debtor proposes to pay approved secured and cure claims
directly from the escrow at the close of escrow for the sale.  In
the event of any dispute concerning a secured or cure claim amount
that is not resolved prior to the close of escrow for the sale,
sufficient funds will be held from the purchase and sale to pay
such claim, including any disputed portion, in full and the lien of
such creditor, if any, will be attached to the sale proceeds in
that amount pending resolution of the disputed claim.
Administrative and priority claims would be paid by the Debtor upon
further
order of the Court.

The Debtor believes the Bidding Procedures will provide an orderly
completion of the sale of the Restaurants by permitting all bidders
to compete on similar terms, and will allow all interested parties
and the Court to compare competing bids in order to realize the
greatest possible benefit to the estate.  Accordingly, the Debtor
respectfully asks that the Court finds that the Debtor may sell the
Restaurants utilizing the Proposed Bidding Procedures and according
to the Proposed Sale Terms, or terms materially similar thereto.

The sale of the Restaurants as a going-concern is the best way to
maximize the return to creditors in the case.  Selling the
Restaurants as a going-concern requires assuming and assigning the
Franchise Agreements, the Leases, and any other executory contracts
or unexpired leases that the eventual purchaser decides are
necessary to continue operating the Restaurants.  Accordingly, the
assumptions and assignments proposed hereby are a proper exercise
of the Debtor's business judgment, and the Court should approve the
same.

Further, the Debtor is required to cure or promptly cure the
defaults on any contracts or leases that are assumed and assigned.
Consequently, the Debtor should be authorized to pay the Cure
Claims from the sale proceeds directly from escrow.

In light of these, the Debtor respectfully asks the Court to
approve the relief sought, and grant such other and further relief
as the Court deems just and proper under the circumstances.

           About Walter J. Knezevich

Walter J. Knezevich, Inc. owned and operated five Kentucky Fried
Chicken ("KFC") franchises in Los Angeles, Riverside, and San
Bernardino counties.  It closed two of its restaurants during its
bankruptcy case.  Currently, it is operating three KFC restaurants
at these locations: (i) 2294 N. Garey Avenue, Pomona, California;
(ii) 375 E. Mission Avenue, Pomona, California; and (iii) 18585 Van
Buren Blvd., Riverside, California.

Walter J. Knezevich, Inc. sought Chapter 11 protection (Bankr. C.D.
Cal. Case No. 14-19962) on Aug. 5, 2014.  The case is assigned to
Judge Meredith A. Jury.

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

The Debtor tapped Todd C. Ringstad, Esq., at Ringstad & Sanders LLP
as counsel.

The petition was signed by Richard Kevin Shirk, president.


WASATCH PEAK: S&P Lowers Underlying Rating on 2013B Bonds to 'BB+'
------------------------------------------------------------------
S&P Global Ratings lowered its underlying rating for credit program
on Utah Charter School Finance Authority's series 2013A and taxable
series 2013B charter school revenue bonds, issued for Wasatch Peak
Academy (WPA), one notch to 'BB+' from 'BBB-'.  The outlook is
stable.

The rating action reflects the application of S&P Global Ratings
criteria, titled "U.S. Public Finance Charter Schools: Methodology
And Assumptions," published Jan. 3, 2017, on RatingsDirect, and S&P
Global Ratings' opinion of WPA's financial profile metrics,
including financial performance, liquidity, and maximum annual debt
service (MADS) coverage that is not commensurate with its
higher-rated peers.

The rating also reflects S&P Global Ratings' view of the higher
credit quality of the state's moral obligation pledge, under the
double-barreled school revenue and state's moral obligation
security pledges.

"If the academy were to fail to meet or improve its maximum annual
debt service coverage in fiscal 2016, according to our
calculations; if it were to experience a weakening of its demand
profile; or if it were to violate any bond covenants, we could
lower the rating," said S&P Global Ratings credit analyst Melissa
Brown.  "Although a positive rating is unlikely during the one-year
outlook period due to the academy's current financial profile
metrics, we could raise the rating or revise the outlook to
positive if unrestricted cash and maximum annual debt service
coverage were to improve to levels we consider consistent with a
higher rating."

The stable outlook reflects S&P Global Ratings' opinion that during
the next year, WPA will likely maintain its healthy enterprise
profile, including stable enrollment and good academics. In
addition, the rating service believes the school will likely work
to improve financial performance to generate stronger maximum
annual debt service coverage and unrestricted reserves compared
with rating-category medians.

School revenue--consisting primarily of the per-pupil funding from
the state, a mortgage on the facility, and a debt service
reserve--secures the bonds.


WELLMAN DYNAMICS: U.S. Trustee Forms 7-Member Committee
-------------------------------------------------------
The U.S. trustee for Region 12 on March 22 appointed seven
creditors to serve on the official committee of unsecured creditors
in the Chapter 11 cases of Wellman Dynamics Corp. and Wellman
Dynamics Machinery & Assembly, Inc.

The committee members are:

     (1) Clausen Miller P.C.
         c/o Vinvent McInerney
         10 S. LaSalle St.
         Chicago, IL 60603
         Phone: (312) 606-7645
         Fax: (312) 606-7777
         Email: vmcinerney@claussen.com

     (2) M.A. Steel Foundry Limited
         c/o Isidro Ang
         4820 78th Ave SE
         Calgary, AB
         Canada T2C 2W9
         Phone: (403) 236-1682
         Fax: (309) 236-0891
         Email: masteel@temsplanet.net

     (3) Precision Calibration & Testing
         c/o Frank v. Kelkis
         3799 Concord Rd.
         York, PA 17402
         Phone: (717) 840-4994
         Fax: (717) 840-4995
         Email: fkelkis@pctcorp.com

     (4) Reade Manufacturing Company
         c/o Ken Clark, VP
         4601 Westown Pkwy, Suite 130
         YWest Des Moines, IA 50266
         Phone: (515) 421-4100
         Fax: (515) 421-4129
         Email: ken.clark@magnesium-elektronusa.com

     (5) Integrated Quality Systems Inc.
         c/o Richard K. Vesely
         122 Crane Dr.
         Kittanning, PA 16201
         Phone: (724) 584-0107
         Fax: (724) 545-2646
         Email: rich@integratedqs.com

     (6) R-Con Nondestructive Test Consultants
         c/o Loren Sandberg
         5605 Freitag Dr.
         Menomonie, WI 54751
         Phone: (715) 235-7222
         Fax: (715) 233-3460
         Email: lorens@rcon-ndt.com

     (7) Phoenix Environmental Enterprises, Inc.
         c/o Ricklin L. Heintz
         902 E. 2nd St., #250
         Winona, MN 55987
         Phone: (507) 261-2037
         Fax: (651) 204-3458
         Email: ricklin@HBCI.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 Wellman Dynamics Corp.

Headquartered in Creston, Iowa, Wellman Dynamics Corporation
produces highly complex precision aluminum and magnesium sand
castings for the aerospace and defense industries.  Its largest
casting weighs approximately 630 pounds and its most complex
casting requires a mold that is hand assembled from 125 individual
intricate components, virtually all of which are designed and
manufactured in-house.  The Debtor owns the only molds for 79% of
its products.  In some cases, although another tool exists, the
Debtor is still the sole source on 94% of its castings.  Every U.S.
military helicopter program relies upon the Debtor's castings
produced in Creston, Iowa.

The Debtor filed for Chapter 11 bankruptcy protection (Bankr. S.D.
Iowa Case No. 16-01825) on Sept. 13, 2016.  Judge Anita L. Shodeen
presides over the case.

The Debtor's counsel is Jeffrey D. Goetz, Esq., and Krystal R.
Mikkilineni, Esq., at Bradshaw, Fowler, Proctor & Fairgrave, P.C.,
in Des Moines, Indiana.

On January 11, 2017, Wellman Dynamics Corp. filed its Chapter 11
plan of reorganization and disclosure statement.


WESTERN STATES: Taps Hunter Realty Assoc. as Real Estate Broker
---------------------------------------------------------------
Western States, Inc. seeks approval from the US Bankruptcy Court
for the District of Wyoming to employ Hunter Realty Associates,
Inc. as real estate broker.

Hunter Realty Associates, Inc. is well qualified to serve as the
broker. It is necessary to appoint Hunter Realty Associates, Inc.
because the debtor needs assistance in selling the hotel property.
The broker is to receive a 5% commission.

Teague Hunter attests that he is a disinterested person, as that
term is defined in 11 U.S.C. Section 101(14) and do not hold an
adverse interest to the estate for which the matters upon which I
am to be employed.

The Firm can be reached through:

     Teague Hunter
     HUNTER REALTY ASSOCIATES INC
     300 Galleria Parkway, Suite 620
     Atlanta, GA 30339
     Tel: (770) 916-0300
     Fax: (770) 916-0301

                                About Western States

Western States, Inc., based in Casper, WY, filed a Chapter 11
petition (Bankr. D. Wyo. Case No. 17-20041) on Jan. 25, 2017.  The
petition was signed by Daljeet S Mann, general manager/shareholder.
Judge Cathleen D. Parker presides over the case.  The Debtor is
represented by Paul Hunter, Esq.  In its petition, the Debtor
estimated $1 million to $10 million in both assets and liabilities.


WESTMORELAND RESOURCE: Incurs $31.6 Million Net Loss in 2016
------------------------------------------------------------
Westmoreland Resource Partners, LP filed with the Securities and
Exchange Commission its annual report on Form 10-K disclosing a net
loss of $31.58 million on $349.34 million of total revenues for the
year ended Dec. 31, 2016, compared to a net loss of $33.68 million
on $384.70 million of total revenues for the year ended Dec. 31,
2015.

As of Dec. 31, 2016, Westmoreland Resource had $386.90 million in
total assets, $415.01 million in total liabilities and a total
deficit of $28.11 million.

"Our business is capital intensive and requires substantial capital
expenditures for, among other things, purchasing, maintaining and
upgrading equipment used in developing and mining our coal, and
acquiring reserves.  Our principal liquidity needs are to finance
current operations, replace reserves and fund capital expenditures,
including costs of acquisitions from time to time, servicing of our
debt and paying cash distributions to our unitholders when we are
in a position to do so.  Our primary sources of liquidity to meet
these needs are cash generated by our operations and the limited
remainder of our initial term loan borrowing under the 2014
Financing Agreement.  Also, if we are able to sell the remaining
excess Illinois Basin equipment, a large-capacity shovel and
several smaller pieces of equipment, our liquidity will be
enhanced.  Additionally, selling our remaining coal reserves and/or
facilities related to our Illinois Basin operations would further
enhance our liquidity.

"Our ability to satisfy our working capital requirements, meet debt
service obligations, and fund planned capital expenditures
substantially depends upon our future operating performance, which
may be affected by prevailing economic conditions in the coal
industry.  To the extent our future operating cash flow or access
to financing sources and the costs thereof are materially different
than expected, our future liquidity may be adversely affected.  We
anticipate that our cash from operations, cash on hand and
available borrowing capacity will be sufficient to meet our
investing, financing, and working capital requirements for the
foreseeable future," the Company said in the report.

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

                     https://is.gd/jUJ4cO

                 About Westmoreland Resource

Oxford Resource Partners, LP, now known as Westmoreland Resource
Partners, LP --  www.westmorelandMLP.com -- is a producer of high
value steam coal, and is the largest producer of surface mined coal
in Ohio.


WET SEAL: Committee Retains Saul Ewing as Co-Counsel
----------------------------------------------------
The Official Committee of Unsecured Creditors of The Wet Seal, LLC
seeks approval from the US Bankruptcy Court for the District of
Delaware to retain Saul Ewing, LLP as co-counsel to the Committee,
nunc pro tunc to February 14, 2017.

Saul Ewing will be:

     a. serving as local bankruptcy counsel to the Committee;

     b. serving as conflicts counsel to the Committee;

     c. providing legal advice with respect to the Committee's
powers, rights, duties and obligations in the Chapter 11 Cases;

     d. assisting and advising the Committee in its consultations
with the Debtors regarding the administration of the Chapter 11
Cases;

     e. assisting the Committee in analyzing the claims of the
Debtors' creditors and the Debtors' capital structure and in
negotiating with holders of claims and equity interests;

     f. assisting the Committee in its investigation of the acts,
conduct, assets, liabilities, and financial condition of the
Debtors and of the operation of the Debtors' businesses;

     g. assisting the Committee in its analysis of, and
negotiations with, the Debtors or any third party concerning
matters related to, among other things, the assumption or rejection
of certain leases of nonresidential real property and executory
contracts, asset dispositions, and the terms of one or more chapter
11 plans, accompanying disclosure statements and related plan
documents;

     h. preparing on behalf of the Committee all necessary motions,
applications, complaints, answers, orders, reports, papers and
other pleadings and filings in connection with the Committee's
duties in the Chapter 11 Cases;

     i. advising and representing the Committee in hearings and
other judicial proceedings in connection with all necessary
motions, applications, objections and other pleadings, and
otherwise protecting the interests of those represented by the
Committee; and performing all other necessary legal services as may
be required and authorized by the Committee that are in the best
interests of creditors.

Mark Minuti, a partner in the law firm of Saul Ewing, LLP, attests
that Saul Ewing does not hold or represent any interest adverse to
the Committee in matters upon which it is to be engaged, and is a
"disinterested person" within the meaning of section 101(14) of the
Bankruptcy Code.

The attorneys primarily responsible for representing the Committee,
and their current standard hourly rates, are:

     Mark Minuti              Partner          $710
     Lucian B. Murley         Special Counsel  $475
     Monique Bair DiSabatino  Associate        $395

In accordance with Appendix B-Guidelines for Reviewing Applications
for Compensation and Reimbursement of Expenses Filed under 11
U.S.C. Sec. 330 for Attorneys in Larger Chapter 11 Cases, Saul
Ewing disclosed that:

     -- it has not agreed to any variations from, or alternatives
to, its standard or customary billing arrangements for this
engagement;

     -- none of the professionals included in the engagement vary
their rate based on the geographic location of the bankruptcy
case;

     -- the firm has not represented the Committee in the 12 months
prepetition; and

     -- the Committee has approved the budget and staffing plan for
the first budgeted period from February 14, 2017 through May 31,
2017.

The Firm can be reached through:

     Mark Minuti, Esq.
     SAUL EWING LLP
     1201 N. Market Street, Suite 2300
     P. 0. Box 1266
     Wilmington, DE 19899
     Tel: (302) 421-6840

                               About The Wet Seal, LLC

The Wet Seal, LLC, and its affiliates are a national multi-channel
specialty retailer selling fashion apparel and accessory items
designed for female customers aged 18 to 24 years old. They are
currently comprised of two primary units: the retail store business
and an e-commerce business. Through their retail store business,
they operate approximately 142 retail locations in 37 states,
principally in lease-based mall locations. They also have
historically sold gift cards, which business has been primarily
operated through The Wet Seal Gift Card, LLC.

The Wet Seal, LLC, also known as The Wet Seal (2015), LLC, sought
Chapter 11 protection (Bankr. D. Del. Case No. 17-10229) on Feb. 2,
2017. The petitions were signed by Judd P. Tirnauer, executive
vice
president and chief financial officer.

The cases are assigned to Judge Christopher S. Sontchi.  

The Debtors estimated assets in the range of $10 million to $50
million and $50 million to $100 million in debt.

The Debtors tapped Robert S. Brady, Esq., Michael R. Nestor, Esq.,
Jaime Luton Chapman, Esq., Andrew L. Magaziner, Esq., of the Young
Conaway Stargatt & Taylor, LLP, as counsel. They also tapped
Berkeley Research Group, LLC, as financial advisors; Hilco IP
Services, LLC dba Hilco Streambank as intellectual property
disposition consultant; and Donlin, Recano & Company as claims and
noticing agent.

The Official Committee of Unsecured Creditors tapped Cooley LLP and
Saul Ewing LLP as its attorneys.


WHITING PETROLEUM: Moody's Hikes Corporate Family Rating to B2
--------------------------------------------------------------
Moody's Investor's Service upgraded Whiting Petroleum Corporation's
Corporate Family Rating (CFR) to B2 from B3, its Probability of
Default Rating (PDR) to B2-PD from B3-PD, and its senior unsecured
rating to B3 from Caa1. Whiting's Speculative Grade Liquidity (SGL)
rating was affirmed at SGL-2. The rating outlook was changed to
positive from stable.

"The upgrade of Whiting's ratings reflects the extent of the
company's significant debt reduction, down 42% from peak 2016
levels," commented Andrew Brooks, Moody's Vice President. "While
2016's 20% production decline and 46% drop in retained cash flow
limits the ratings upgrade to a single-notch, the positive outlook
is indicative of Moody's view that Whiting's strengthened balance
sheet better positions the company to reverse these declines and
reinvest in production growth in 2017 and beyond."

Issuer: Whiting Petroleum Corporation

Rating Actions:

Corporate Family Rating, Upgraded to B2 from B3

Probability of Default Rating, Upgraded to B2-PD from B3-PD

Senior Unsecured Notes, Upgraded to B3 (LGD 5) from Caa1 (LGD 4)

Speculative Grade Liquidity Rating, Affirmed at SGL-2

Outlook Actions:

Outlook, Changed to Positive from Stable

RATINGS RATIONALE

Whiting's B2 CFR reflects the significant reduction in debt it
achieved in 2016, consistent with its history of taking steps to
support its credit metrics through periods of commodity price
weakness, including reduced capital spending levels, asset sales
and equity issuance. However, the impact of this debt reduction on
Whiting's credit metrics was relatively restrained given 2016's 20%
production decline as a result of substantially curtailed capital
spending levels, a function of the company having achieved cash
flow neutrality over the course of the year. Having strengthened
its balance sheet through debt reduction from peak March 31, 2016
levels by about $2.35 billion, Whiting is in an improved position
to reinvest in production growth which should begin to generate
improved credit metrics from 2016's weak levels. Moody's projects
that Whiting will generate retained cash flow (RCF)/debt of about
18% in 2017 compared with 15% in 2016, with lower debt levels
offsetting the impact of 2016's higher priced hedges re-setting at
lower levels in 2017. Whiting's B2 CFR is also supported by the
company's reserves and production scale, a deep drilling inventory
and a track record of organically growing its oil-weighted
production, which positively differentiates Whiting from its
B2-rated exploration and production peers, positioning the company
for growth in a more supportive commodity price environment.

Whiting has reduced its balance sheet debt principally by
mandatorily converting about $1.6 billion of outstanding
convertible notes into shares of Whiting common stock. Moreover,
through select asset sales Whiting has generated additional
proceeds for debt reduction, most recently through the January 2017
sale of its 50% interest in two gas processing plants in the Bakken
for $375 million, whose proceeds were largely used to redeem its
$275 million 6.5% senior subordinated notes due 2018 in February.

Moody's takes a positive view of Whiting's focus on debt reduction
and liquidity given this period of sluggish commodity prices.
Significant debt reduction, along with modestly higher crude oil
prices, using the mid-point of Moody's estimated $40-$60 per barrel
range for crude prices, will likely result in an improvement in
projected cash flow and credit metrics for

Whiting, with 2017 EBITDA to interest improving to about 5.0x from
3.75x and retained cash flow to debt increasing to 18%. While
Whiting's cash interest expense dropped almost 25% in 2016 compared
with 2015, on a per barrel of oil equivalent (Boe) basis the
improvement was muted because of the decline in Whiting's
production. However, with another projected 25% drop in 2017's
interest expense, Whiting's interest expense per Boe should fall to
about $3.65 per Boe from 2016's $4.70, which is reflected in 2017's
improved interest coverage. Moreover, the conversion of debt to
equity protects the company's liquidity profile. Despite
substantial debt reduction, Whiting continues to have higher
financial leverage at just under $30,000 debt on production and
$12.50 debt on proved developed reserves, although asset coverage
has improved (based on Moody's forward view of PV-10 value relative
to Whiting's adjusted debt) to about 1.5x.

Whiting's SGL-2 rating reflects good liquidity, with $56 million of
balance sheet cash and a $2.5 billion secured borrowing base
revolving credit facility. Whiting could potentially outspend cash
flow by $300-$400 million in 2017 with $1.1 billion of capital
spending which is designed to lift 2017's exit rate of production
by over 15% compared with 2016's 119 mBoe per day exit rate.
Whiting's revolving credit facility is scheduled to mature in
December 2019. As of February 2, 2017, Whiting had $500 million
drawn under the revolver. The company is subject to semi-annual
borrowing base redeterminations each May 1 and November 1 of each
year. The credit facility is secured by substantially all of
Whiting's oil and gas properties. Moody's expects Whiting to remain
in compliance with its financial covenants through 2018. Whiting's
next long-term debt maturity is 2019 when its $961 million of 5.0%
senior unsecured notes becomes due.

The B3 rating on Whiting's senior unsecured notes is one notch
below its B2 CFR, reflecting the subordination of these notes to
Whiting's secured revolving credit facility and the revolver's
priority claims to the company's assets.

The rating outlook is positive, reflecting Moody's view that the
extent of Whiting's debt reduction and available liquidity will
enable the company to reinvest in production growth while
exhibiting improving credit metrics through 2017.

Whiting's ratings could be upgraded to the extent the company
restores modest production growth, reversing 2016's production
decline, while achieving a leveraged full-cycle ratio in excess of
1.0x and maintaining RCF/debt over 20%.

Whiting's ratings could be downgraded if EBITDA/interest falls
below 2.5x or RCF/debt drops below 10% on a sustained basis.

The principal methodology used in these ratings was Global
Independent Exploration and Production Industry published in
December 2011.

Whiting Petroleum Corporation is an independent exploration and
production company headquartered in Denver, Colorado, over 90% of
whose production in 2016 was derived from the Williston Basin's
Bakken and Three Forks formations.


WIA MARKETING: Case Summary & 6 Unsecured Creditors
---------------------------------------------------
Debtor: WIA Marketing, LLC
        206 N. First Ave.
        Arcadia, CA 91006

Case No.: 17-13494

Business Description: Founded in 2004, Wia Marketing, Inc. is a    
        
                      small organization in the miscellaneous
                      retail stores industry located in Arcadia,
                      CA.

Chapter 11 Petition Date: March 22, 2017

Court: United States Bankruptcy Court
       Central District of California (Los Angeles)

Judge: Hon. Julia W. Brand

Debtor's Counsel: Vahe Khojayan, Esq.
                  KG LAW, APC
                  1010 N Central Ave Ste 450
                  Glendale, CA 91202
                  Tel: 818-245-1340
                  Fax: 818-245-1341
                  E-mail: vahe@lawyer.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Macie Wang, manager.

A copy of the Debtor's list of six unsecured creditors is available
for free at http://bankrupt.com/misc/cacb17-13494.pdf


WRIGHT'S WELL: Case Summary & 20 Largest Unsecured Creditors
------------------------------------------------------------
Debtor: Wright's Well Control Services, LLC
        6072 Candice Ln
        Lake Charles, LA 70615

Case No.: 17-50354

Business Description: Wright's Well Control Services, LLC provides
             
                      oil and gas services.  The Company offers
                      subsea and light well intervention, surface
                      plug and abandonment, project management,
                      and pressure pump and pipeline services.

Chapter 11 Petition Date: March 22, 2017

Court: United States Bankruptcy Court
       Western District of Louisiana (Lafayette)

Judge: Hon. Robert Summerhays

Debtor's Counsel: Kent H. Aguillard, Esq.
                  H. KENT AGUILLARD
                  P.O. Drawer 391
                  Eunice, LA 70535
                  Tel: (337) 457-9331
                  E-mail: kaguillard@yhalaw.com

Estimated Assets: $0 to $50,000

Estimated Liabilities: $1 million to $10 million

The petition was signed by David Christopher Wright,
manager/member.

A copy of the Debtor's list of 20 largest unsecured creditors is
available for free at http://bankrupt.com/misc/lawb17-50354.pdf


YELLOW CAB: Trustee Selling All Assets to Big Dog for $400K
-----------------------------------------------------------
Randy Sugarman, the Chapter 11 Trustee for Yellow Cab Cooperative,
Inc., a/k/a All Taxi Electronics, asks the U.S. Bankruptcy Court
for the Northern District of California to authorize the sale of
substantially all of the estate's operating assets to Big Dog City
Cor. for $400,000, subject to overbid.

A hearing on the Motion is set for April 7, 2017 at 10:00 a.m.

On Feb. 3, 2016, the Office of the United States Trustee appointed
the Official Committee of Unsecured Creditors.

The Committee filed a motion for appointment of a Chapter 11
Trustee on Sept. 23, 2016 ("Trustee Appointment Motion").

The Debtor attempted to sell substantially all of its assets to the
Buyer pursuant to that certain Asset Purchase Agreement dated Oct.
18, 2016 and its motion to approve such sale and agreement filed on
Oct. 20, 2016 ("Debtor's Sale Motion").  The Committee opposed
Debtor's Sale Motion.  On Nov. 15, 2016, the Court denied Debtor's
Sale Motion and approved the Trustee Appointment Motion.

The Court entered its order appointing the Trustee on Nov. 22,
2016, and since such date, the Trustee has operated the business of
the Debtor and managed the Debtor's properties.  The Trustee has
been exploring the sale of the Debtor's assets since his
appointment, and Buyer again proposed to purchase substantially all
the Debtor's operating assets and to assume certain liabilities.

Following initial discussions, the Buyer and the Trustee negotiated
the purchase price and other key terms embodied in an Asset
Purchase Agreement.

The APA requires that the Buyer pay $400,000 in cash for the Assets
being purchased, as well as Assumed Liabilities with respect to
Designated Executory Contracts and Unexpired Leases.

The Assets include substantially all of the Debtor's operational
assets, but the sale specifically excludes, among other things: (i)
the Debtor's corporate and financial books and records; (ii) the
Debtor's utility and other deposits, prepaid amounts, cash on hand
and in bank or similar accounts; (iii) avoidance claims and causes
of action of the bankruptcy estate arising under 11 U.S.C. Section
544 through §552; (iv) the Debtor's insurance policies and related
rights; (v) the Debtor's accounts receivable and similar rights;
and (vi) the Debtor's employee benefits and related rights.
Further, the APA provides that Buyer will not purchase any vehicles
subject to a security interest in favor of Ford MotorCredit Co.

The sale of the Assets will be free and clear of applicable liens,
claims, encumbrances and other interests to the fullest extent
allowed by law except as expressly provided in the APA.

To maximize the value of the Assets for the benefit of the estate
and its creditors, the Trustee proposes to accept overbids at an
auction conducted by the Court at the hearing on the Motion,
subject to the Bidding Procedures.

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

         http://bankrupt.com/misc/Yellow_Cab_497_Sales.pdf

The Buyer seeks to purchase the estate's VCX 3COMM Phone System,
which is the subject of a lien by Wells Fargo Financial Leasing,
Inc.  According to the Trustee's investigation, the Debtor has paid
that lien in full.  The lien is therefore the subject of a bona
fide dispute.  Pursuant to 11 U.S.C. Section 363(f)(4), the Trustee
seeks an order authorizing him to transfer such assets free and
clear of such lien.

The Trustee believes that the proposed sale and auction are fair,
reasonable, and are appropriately structured to ensure that the
Trustee will obtain the best price for the Assets.  The Trustee
further believes, in his business judgment that the proposed sale,
subject to overbid, is in the best interests of the estate and
creditors because it will maximize the value of the Debtor's
assets.  Accordingly, the Trustee asks Court to authorize the (i)
sale of the Assets, subject to the Bid Procedures, at the
conclusion of the hearing on the Motion, to the Buyer or such
higher and better bidder approved by the Court free and clear of
any applicable Encumbrances and claims; (ii) the payment of the
Expense Reimbursement to the Buyer in the event the Trustee closes
a transaction with another purchaser approved by the Court; and
(iii) refund of any Good Faith Deposits pursuant to the terms of
the APA to any unsuccessful bidders.

The Trustee requests that the stay imposed by FRBP 6004(h) be
waived.  It is in the interest of the estate and its creditors that
the sale be consummated as quickly as possible without any stay
pending a possible appeal.

The Purchaser can be reached at:

          BIG DOG CITY CORP.
          2060 Newcomb Ave.
          San Francisco, CA 94124
          Attn: Chris Sweis
          E-mail: chris@citywide.com

The Purchaser is represented by:

          Stephen Finestone, Esq.
          FINESTONE HAYES LLP
          456 Montgomery Street, 20th Floor
          San Francisco, CA 94104
          Facsimile: (415) 398-2820
          E-mail: sfinestone@fhlawllp.com

                About Yellow Cab Cooperative

Yellow Cab Cooperative, Inc. provides taxicab
Transportation services in the San Francisco, California area.  In
San Francisco, taxicab "color schemes" are licensed by the County
of San Francisco to provide services to taxi medallion owners,
which color schemes and medallion holders operate in a highly
regulated environment.

Yellow Cab is a non-profit cooperative service company
That provides an operating base for approximately 400 San
Francisco taxi medallions (or permits), operating on a cooperative
basis.  Yellow Cab supports approximately 1,000 medallion owners
and
lessee drivers in their individual taxi operations, and separately
employs approximately 60 persons to provide those support
services.
Yellow Cab currently supports approximately one-third of the total
medallions operating in San Francisco.

Yellow Cab Cooperative filed a Chapter 11 petition (Bankr.
N.D. Cal. Case No. 16-30063) on Jan. 22, 2016.  The petition was
signed by Pamela Martinez, president.  The case is assigned to
Judge Dennis Montali.

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

The Debtor has tapped Farella Braun and Martel LLP as its
Legal counsel.

The U.S. Trustee for Region 17 on March 3 appointed five
creditors of Yellow Cab Cooperative, Inc., to serve on the
official
committee of unsecured creditors.  The Committee is represented by
John D. Fiero, Esq., and Jason H. Rosell, Esq., at Pachulski Stang
Ziehl & Jones LLP, in San Francisco, California.


[*] Meg Manning Joins Donlin Recano as Business Dev't Director
--------------------------------------------------------------
Donlin, Recano & Company, Inc. (Donlin Recano), an AST company, on
March 23 disclosed that Meg Manning has joined the firm as Director
of Business Development.  Ms. Manning is primarily focused on
strengthening the company's presence in multiple markets, as well
as expanding its strategic partner relationships.

"I am excited to join the Donlin Recano team," noted Ms. Manning.
"Having worked in the same industry as Donlin Recano over the past
decade, I know firsthand that the firm is known for its dedication
to top-notch personal service to its clients.  I look forward to
leveraging my experience to expand Donlin Recano's relationships by
driving our record of excellent client satisfaction even further."

Ms. Manning brings over 17 years of experience in complex
reorganization and liquidation cases representing debtors, secured
and unsecured creditors, and creditors' committees to the
organization.  Prior to joining Donlin Recano, Ms. Manning was
Senior Director for Gavin/Solmonese LLC where she served as
in-house counsel while also managing all post-confirmation trust
matters appointed to the firm.  She has also spoke on several
panels regarding insolvency and reorganization related topics.  She
previously practiced with the law firm Klehr Harrison Harvey
Branzburg LLP, where she concentrated in the areas of commercial
bankruptcy and restructuring.

"Meg is a great addition to the Donlin Recano team," commented
Alexander Leventhal, CEO of Donlin Recano.  "Her expertise across
industries and the knowledge she brings to the bankruptcy and
restructuring areas of the business are an asset to our clients, as
well as our organization."

Ms. Manning is active in several industry associations, including
the American Bar Association, American Bankruptcy Institute and the
Delaware State Bar Association.  She also serves on the Board of
the International Women's Insolvency & Restructuring Confederation.
She received her Juris Doctor at the University of Baltimore
School of Law.

               About Donlin, Recano & Company, Inc.

Founded in 1989, Donlin Recano is a bankruptcy administration
company that has served over 200 national clients across a broad
range of industries and business sectors.  Working with counsel,
turnaround advisors and the affected company, Donlin Recano helps
organize and guide Chapter 11 clients through required bankruptcy
tasks, including provision of creditor notification,
website-accessible information, formation of professional call
centers, management of claims, balloting, distribution and other
administrative services.

                           About AST

AST -- http://www.astfinancial.com-- was originally founded as a
transfer agent over 45 years ago.  Through organic growth and
strategic acquisitions, AST has pioneered a new model of integrated
services in the industry.  AST affiliates now include CST Trust
Company, D.F. King & Co, Inc. and Donlin Recano.   Today, AST
offers a full scope of services that include registry services,
corporate proxy solicitation and advisory solutions, employee plan
services, information agent, mutual fund proxy solicitation,
shareholder identification, asset recovery and investment
management offerings.


[^] BOOK REVIEW: AS WE FORGIVE OUR DEBTORS
------------------------------------------
Authors:    Teresa A. Sullivan, Elizabeth Warren,
             & Jay Westbrook
Publisher:  Beard Books
Softcover:  370 Pages
List Price: $34.95
Review by:  Susan Pannell

Order your personal copy today at
http://www.beardbooks.com/beardbooks/as_we_forgive_our_debtors.html

So you think you know the profile of the average consumer
debtor: either deadbeat slouched on a sagging sofa with a three-
day growth on his chin or a crafty lower-middle class type
opting for bankruptcy to avoid both poverty and responsible debt
repayment.

Except that it might be a single or divorced female who's the
one most likely to file for personal bankruptcy protection, and
her petition might be the last stage of a continuum of crises
that began with her job loss or divorce. Moreover, the dilemma
might be attributable in part to consumer credit industry that
has increased its profitability by relaxing its standards and
extending credit to almost anyone who can scribble his or her
name on an application.

Such are among the unexpected findings in this painstaking study
of 2,400 bankruptcy filings in Illinois, Pennsylvania, and Texas
during the seven-year period from 1981 to 1987. Rather than
relying on case counts or gross data collected for a court's
administrative records, as has been done elsewhere, the authors
use data contained in the actual petitions. In so doing, they
offer a unique window into debtors' lives.

The authors conclude that people who file for bankruptcy are, as
a rule, neither impoverished families nor wily manipulators of
the system. Instead, debtors are a cross-section of America. If
one demographic segment can be isolated as particularly debt-
prone, it would be women householders, whom the authors found
often live on the edge of financial disaster. Very few debtors
(3.7 percent in the study) were repeat filers who might be
viewed as abusing the system, and most (70 percent in the study)
of Chapter 13 cases fail and become Chapter 7s. Accordingly, the
authors conclude that the economic model of behavior--which
assumes a petitioner is a "calculating maximizer" in his in his
decision to seek bankruptcy protection and his selection of
chapter to file under, a profile routinely used to justify
changes in the law--is at variance with the actual debtor
profile derived from this study.

A few stereotypes about debtors are, however, borne out. It is
less than surprising to learn, for example, that most debtors
are simply not as well-off as the average American or that while
bankrupt's mortgage debts are about average, their consumer
debts are off the charts. Petitioners seem particularly
susceptible to the siren song of credit card companies. In the
study sample, creditors were found to have made between 27
percent and 36 percent of their loans to debtors with incomes
below $12,500 (although the loans might have been made before
the debtors' income dropped so low). Of course, the vigor with
which consumer credit lenders pursue their goal of maximizing
profits has a corresponding impact on the number of bankruptcy
filings.

The book won the ABA's 1990 Silver Gavel Award. A special 1999
update by the authors is included exclusively in the Beard Book
reprint edition.


                            *********

Monday's edition of the TCR delivers a list of indicative prices
for bond issues that reportedly trade well below par.  Prices are
obtained by TCR editors from a variety of outside sources during
the prior week we think are reliable.  Those sources may not,
however, be complete or accurate.  The Monday Bond Pricing table
is compiled on the Friday prior to publication.  Prices reported
are not intended to reflect actual trades.  Prices for actual
trades are probably different.  Our objective is to share
information, not make markets in publicly traded securities.
Nothing in the TCR constitutes an offer or solicitation to buy or
sell any security of any kind.  It is likely that some entity
affiliated with a TCR editor holds some position in the issuers
public debt and equity securities about which we report.

Each Tuesday edition of the TCR contains a list of companies with
insolvent balance sheets whose shares trade higher than $3 per
share in public markets.  At first glance, this list may look like
the definitive compilation of stocks that are ideal to sell short.
Don't be fooled.  Assets, for example, reported at historical cost
net of depreciation may understate the true value of a firm's
assets.  A company may establish reserves on its balance sheet for
liabilities that may never materialize.  The prices at which
equity securities trade in public market are determined by more
than a balance sheet solvency test.

On Thursdays, the TCR delivers a list of recently filed
Chapter 11 cases involving less than $1,000,000 in assets and
liabilities delivered to nation's bankruptcy courts.  The list
includes links to freely downloadable images of these small-dollar
petitions in Acrobat PDF format.

Each Friday's edition of the TCR includes a review about a book of
interest to troubled company professionals.  All titles are
available at your local bookstore or through Amazon.com.  Go to
http://www.bankrupt.com/books/to order any title today.

Monthly Operating Reports are summarized in every Saturday edition
of the TCR.

The Sunday TCR delivers securitization rating news from the week
then-ending.

TCR subscribers have free access to our on-line news archive.
Point your Web browser to http://TCRresources.bankrupt.com/and use
the e-mail address to which your TCR is delivered to login.

                            *********

S U B S C R I P T I O N   I N F O R M A T I O N

Troubled Company Reporter is a daily newsletter co-published
by Bankruptcy Creditors Service, Inc., Fairless Hills,
Pennsylvania, USA, and Beard Group, Inc., Washington, D.C., USA.  
Jhonas Dampog, Marites Claro, Joy Agravante, Rousel Elaine
Tumanda, Valerie Udtuhan, Howard C. Tolentino, Carmel Paderog,
Meriam Fernandez, Joel Anthony G. Lopez, Cecil R. Villacampa,
Sheryl Joy P. Olano, Psyche A. Castillon, Ivy B. Magdadaro, Carlo
Fernandez, Christopher G. Patalinghug, and Peter A. Chapman,
Editors.

Copyright 2017.  All rights reserved.  ISSN: 1520-9474.

This material is copyrighted and any commercial use, resale or
publication in any form (including e-mail forwarding, electronic
re-mailing and photocopying) is strictly prohibited without prior
written permission of the publishers.  Information contained
herein is obtained from sources believed to be reliable, but is
not guaranteed.

The TCR subscription rate is $975 for 6 months delivered via
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are $25 each.  For subscription information, contact Peter A.
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                   *** End of Transmission ***