TCR_Public/170609.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, June 9, 2017, Vol. 21, No. 159

                            Headlines

151 MILBANK: Violi Buying Maples on Milbank Condo Units for $8M
1802 PALISADES: July 20 Plan, Disclosure Statement Hearing
2004 WYOMING: Taps David Harris as Legal Counsel
21ST CENTURY ONCOLOGY: Stroock Represents Crossover Holders
38 STUDIOS: Governor's Bid for Disclosure of Probe Records Denied

500 NORTH AVENUE: Unsecureds to Get $200K, Portion of Sale Proceeds
ADEPTUS HEALTH: Court Orders Appointment of Equity Committee
ADVANCED PAIN: U.S. Trustee Unable to Appoint Committee
AGT FOOD: DBRS Confirms B(high) Issuer Rating
ALBANY MOLECULAR: Moody's Puts B3 CFR on Review for Downgrade

AMPLIPIHI BIOSCIENCES: Paul Grint Replaced Scott Salka as CEO
APOLLO COMPANIES: U.S. Trustee Unable to Appoint Committee
AXIOM WORLDWIDE: Seeks Additional 60 Days Plan Filing Extension
B.L. GUSTAFSON: U.S. Trustee Unable to Appoint Committee
BALMORAL RACING: RSUI Opposes WWI Bid for Coverage in $21M Suit

BAY HARBOUR: U.S. Trustee Unable to Appoint Committee
BAYOU SHORES: Refutes Gov't Attempts to Downplay Circuit Split
BEBE STORES: Reaches Deal to Cancel All Retail Store Leases
BEE THINKING: Personal Property Up for June 14 Auction
BEHNEY CORP: Hires Murphy & McCormack as Investment Banker

BILL BARRETT: Lines Up Investor Events for June
BIOLARGO INC: Further Amends 36.1M Shares Resale Prospectus
BRAZIL MINERALS: Incurs $1.73 Million Net Loss in 2016
BRIGHT MOUNTAIN: Randolph Pohlman Quits as Director
BROWNSVILLE BERG: U.S. Trustee Unable to Appoint Committee

C&C INTERNATIONAL: Taps James Webster as Attorney
CALATLANTIC GROUP: Moody's Rates Proposed $300MM Sr. Notes Ba2
CALATLANTIC GROUP: S&P Rates Proposed $300MM Sr. Notes 'BB'
CARRINGTON FARMS: Has Until July 15 to File Plan of Reorganization
CHC GROUP: No Interim Approval for $3.9M Class Action Settlement

CIBER INC: Court Clears $93M Sale of Assets to HTC Global
CITYGOLF: Downtown Payment Increases to $20K Under Latest Plan
CLUB VILLAGE: Exclusive Plan Filing Deadline Moved to Aug. 21
COLORFX INC: Committee Taps Blakeley as Legal Counsel
CRAPP FARMS: U.S. Trustee Forms 3-Member Committee

CROSIER FATHERS: Taps Gaskins Bennett as Special Insurance Counsel
CROSIER FATHERS: Taps JND Corporate as Claims and Noticing Agent
CROSIER FATHERS: Taps Keegan Linscott as Accountant
CROSIER FATHERS: Taps Larson King as Special Litigation Counsel
CROSIER FATHERS: Taps Quarles & Brady as Legal Counsel

CTI BIOPHARMA: Oncology Vet Named to Board After Resignations
CYRIL LUNN: Sentenced for Multi-Million Dollar Bankruptcy Fraud
DAG ROUTE 9W: Taps Robert S. Lewis as Legal Counsel
DAVID ZOWINE: Says $27M Jury Verdict Against Him Illegitimate
DELCATH SYSTEMS: Q1 2017 Revenue Increased 100% to $740,000

DELIVERY AGENT: Agrees to Liquidation Under Chapter 7
DELTA MILLING: U.S. Trustee Unable to Appoint Committee
EASTERN MAINE HEALTHCARE: Moody's Lowers Rating to Ba1; Outlook Neg
EDIFICE GROUP: Taps Lamberth Cifelli as Legal Counsel
ELECTRONIC SERVICE: Hires William E. Carter as Counsel

ELEVEN-BAR-SEVEN: Hires Martin Thomas as Bankruptcy Counsel
EMMAUS LIFE: Former Co-President Ludlum Inks Separation Agreement
ENERGY FUTURE: Court Says No to Elliott's Document Requests
ENVIRO BUILDERS: Taps Boyer Law Firm as Legal Counsel
FINJAN HOLDINGS: BCPI I's Stock Ownership Down to 21.1%

FOLTS HOME: Exclusive Plan Filing Period Extended to Oct. 14
GASTAR EXPLORATION: Names Stephen Robert SVP and COO
GOD'S CHARIOTS: Taps Anthony M. Vassallo as Legal Counsel
GRACIOUS HOME: Hires Citrin Cooperman as Tax Advisor
GULFMARK OFFSHORE: Hires KPMG as Auditor and Advisor

GULFMARK OFFSHORE: Hires Prime Clerk as Administrative Advisor
GULFMARK OFFSHORE: Hires Richards Layton as Co-Counsel
GV HOSPITAL: U.S. Trustee Amends Committee Appointment Notice
HAE SUNG CORP: Hires Gregory Messer as Attorney
HALKER CONSULTING: Taps Kutak Rock as Legal Counsel

HELIOS AND MATHESON: Unit Acquires All Assets of Trendit
HHGREGG INC: Lets Go of CEO Riesbeck, Two Other Execs
HHGREGG INC: Seeks to Sell IP Assets, Bids Due June 22
IES GLOBAL: Moody's Revises Outlook to Negative & Affirms B3 CFR
ISO DOC: Seeks to Hire Dunbar Law as Legal Counsel

J CREW GROUP: Drexler Quits as CEO, To Stay as Chairman of Board
JHL INDUSTRIAL: U.S. Trustee Unable to Appoint Committee
KATY INDUSTRIES: Hires SierraConstellation's Perkins as CRO
KATY INDUSTRIES: UST Hits $1.75M Break-Up Fee for Credit Bidder
KELLY CONSTRUCTION: Hires McDowell Posternock as Attorney

L&N TWINS: Asks for Court OK to Sell Property to Mishto for $1.3M
LILY ROBOTICS: Tilt.com Objects to Turnover of Funds
LORETTA LIMA TRANSPORTATION: Taps Goodman Law as Counsel
MAMAMANCINI'S HOLDINGS: CEO Wolf Aims $40M Run Rate, Nasdaq Listing
MAR FARMS: U.S. Trustee Unable to Appoint Committee

MARSH SUPERMARKETS: Court OKs Key Employee Incentive Plan
MCBEES BAR B QUE: Hires Dean W. Greer as Counsel
MEDEX TRANSPORTATION: Hires Peaster's Financial as Accountant
MICHAELS USED CARS: U.S. Trustee Unable to Appoint Committee
MONACK MEDICAL SUPPLY: Charged for Stealing Over $1M From Medicaid

MRI INTERVENTIONS: Former Director Hikes Equity Stake to 12.72%
MY-WAY TRADING: Plan Filing Deadline Extended Until Oct. 5
NELSON DERMATOLOGY: Hires Brown Mobley as Accountant
NEW CAL-NEVA LODGE: Hall Asks Court to Reject Ladera Disclosures
NEW CAL-NEVA LODGE: Hall Objects to Creditors' Amended Disclosures

NEW CAL-NEVA LODGE: Hall Wants Debtors' Plan Outline Denied
NORTH COAST TOOL: Mike Peterson to Auction Excess Equipment
OMNI SPECIALIZED: U.S. Trustee Forms 2-Member Committee
OPT CO: Seeks to Hire Davis Miles as Legal Counsel
OUTBOUND GROUP: Unsecureds to Receive $5K Annually for 5 Years

PAYLESS HOLDINGS: Eyeing Possible Legal Claims Against Backers
PAYLESS HOLDINGS: Taps Ernst & Young as Tax Service Provider
PAYLESS HOLDINGS: Taps PwC as Independent Auditor
PENN ENGINEERING: S&P Cuts Rating on Euro Term Loan Tranche to BB-
PETER RESSLER: Bankruptcy Attorney Admits to Defrauding Clients

PIN OAK: Case Summary & 20 Largest Unsecured Creditors
PM HOLDINGS: U.S. Trustee Unable to Appoint Committee
QUINCY MEDICAL: State Law Governs Executives' Severance Claims
R & S ST. ROSE: Lenders Plan Distribution Won't Harm BB&T
RAY ROGERS: Voluntary Chapter 11 Case Summary

RENNOVA HEALTH: Closes $795,000 Debentures Due September 2017
REO HOLDINGS: Trustee Proposes Auction of 3 Tennessee Properties
RESOLUTE ENERGY: Starts Exchange Offer for $125M Senior Notes
ROCKFORD INSURANCE: Plan Confirmation Hearing Set for July 19
SAEXPLORATION HOLDINGS: May Issue 799,091 Shares Under Amended Plan

SALLY HOLDINGS: Moody's Rates Proposed $850MM Credit Facility Ba1
SAM BASS: Posters, Remaining Artwork Up for Auction This Month
SANCTUARY CARE: Stockholder Withdraws Bid To Limit Exclusive Period
SANDERS NURSERY: Seeks August 4 Plan Solicitation Extension
SIXTY SIXTY CONDOMINIUM: 36 Monthly Payments for Unsecureds

SPEED LUBE: Case Summary & 20 Largest Unsecured Creditors
SRC LIQUIDATION: Trust Resolves $10M Dispute With Liberty Mutual
STAGEARTZ LIMITED: Taps Smith Kane as Legal Counsel
STOP ALARMS: U.S. Trustee Unable to Appoint Committee
SUNIVA INC: $5.2M Financing From SQN Has Final Approval

SUNSET PARTNERS: Case Summary & 20 Largest Unsecured Creditors
SURGERY CENTER: Moody's Rates Secured Loans B1 & Unsec. Notes Caa2
SYNTAX-BRILLIAN: Ahmed Amr Can't Push Judge Off Appeal Proceedings
TEXAS FLUORESCENCE: Hires Weldon Ponder as Counsel
THOMAS OVATION: Hires Stone & Baxter as Counsel

THRIFTY CENTER: Hires Tarpy Cox as General Counsel
TIDEWATER INC: Hearing on Disclosures & Plan Set for June 28
TIDEWATER INC: Plan Hearing on June 28; Newco Directors Named
TIDEWATER INC: Snow Capital Reports 2.4% Equity Stake
TOMER FRIDMAN: Bella Buying Calabasas Property for $525K

TRANSMAR COMMODITY: FCStone-Led Auction of Forward Book on June 20
TRANSMAR COMMODITY: Private Sale of Powder Book to AMERRA Okayed
TUSCALOOSA AVENUE TRUST: Voluntary Chapter 11 Case Summary
US ANESTHESIA: Moody's Assigns B2 Corporate Family Rating
VINCE MYERS: Voluntary Chapter 11 Case Summary

VRG LIQUIDATING: Wants Plan Exclusivity Extended to Oct. 18
WALTER INVESTMENT: Moody's Cuts CFR to Caa2 on Restructuring Risk
WARNERWORKS LLC: Hires Cooper Pautz as Counsel
WESMAR ENTERPRISES: Bank Lender to Auction Lots on June 13
WESTINGHOUSE ELECTRIC: Boilermakers Agree to 3-Year Contract

WJA ASSET: Taps Smiley Wang-Ekvall as Legal Counsel
WORLD OF WOOD: Amends Plan to Reflect Obligation to SBA
YOU'RE PUTTING: U.S. Trustee Unable to Appoint Committee
[*] Frank J. Wright, C. Ashley Ellis & Erin C. McGee Join Gardere
[*] Mackinac Partners Bags Two Turnaround & Restructuring Awards

[*] President Donald Trump to Enact Reforms Preventing Bailouts
[*] Ranks of Distressed Retailers Set to Keep Growing, Moody's Says
[^] BOOK REVIEW: Oil Business in Latin America: The Early Years

                            *********

151 MILBANK: Violi Buying Maples on Milbank Condo Units for $8M
---------------------------------------------------------------
151 Milbank, LLC, asks the U.S. Bankruptcy Court for the District
of Connecticut to authorize the bidding procedures in connection
with the sale of four luxury townhouse condominium units located at
151 Milbank Avenue in Greenwich, Connecticut, to Caterina Violi or
her designee $8,000,000, subject to overbid.

On April 25, 2014, the Debtor purchased the real property located
at 151 Milbank Avenue in Greenwich, Connecticut, and thereafter
commenced construction of a four-unit luxury condominium
development on the Property.  The Development, known as Maples on
Milbank, is a group of four Units in an attractive location two
blocks from Greenwich Avenue, Greenwich's upscale shopping and
dining area.  Each Unit has over 4,000 square feet of living space
with either three or four bedrooms, including master suites,
garages, and terraces.

On Dec. 9, 2015, the Debtor filed the Borrowing Motion to obtain
post-petition financing from Maxim Credit Group, LLC ("DIP Lender")
in order to borrow funds to complete the development.

On Feb. 5, 2016, the Court entered the Borrowing Order which
contemplated that the Debtor would market and sell the Units free
and clear upon completion subject to certain specified conditions.

Construction of the Development proceeded smoothly after entry of
the Borrowing Order.  Today, the Development is fully complete and
certificates of occupancy have been issued on the Units.  The
Debtor also has recorded a Declaration of Condominium in the Town
of Greenwich Land Records with respect to the Property and the
Units.

On April 11, 2016, the Debtor filed an application for order
authorizing the Debtor to retain NRT New England, LLC, doing
business as Coldwell Banker Residential Brokerage as the exclusive
real estate broker/listing agent for the sale of the Units.  The
Court granted that application on May 17, 2016, thereby authorizing
Coldwell Banker and the Debtor to list the Units for sale.  The
Debtor's Listing Agreement with Coldwell Banker expired on May 31,
2017.

Coldwell Banker engaged in extensive marketing of the Units since
May, 2016.  Notwithstanding the foregoing, the Debtor has not been
able to sell any of the individual Units to date.  The Debtor
believes that the fact of the Debtor's ongoing bankruptcy has made
it very difficult to sell the Units because potential buyers of the
first Unit sold are concerned that not all of the Units would be
sold.  Among other things, potential buyers are concerned that the
condominium common charges would remain unpaid for any unsold
Units, leaving buyers with a partially unfunded condominium
association.

Significantly, pursuant to Paragraph 21(e) of the Borrowing Order,
if the DIP Lender is not paid in full on or before June 1, 2017
from the sale of individual Units, the Units are to be auctioned
within 90 days of the entry of an order establishing the procedures
for the auction.  Paragraph 21(e) further permits the retention of
an auctioneer for that purpose.  Accordingly, given the foregoing,
the Debtor has determined that the Units should be sold at auction
through the Bidding Procedures.  

To this end, the Debtor has executed the Purchase Agreement, dated
as of June 2, 2017, with the Stalking Horse Buyer as a stalking
horse to provide for the sale of all four Units to the Stalking
Horse Buyer for cash in the amount of $8,000,000 as set forth in
the Purchase Agreement.  The Purchase Agreement is subject to
higher or otherwise better Bids, which Bids can be for all four
Units as a block or can be on individual Units that collectively
are higher and better Bids in total as determined by the Debtor in
its discretion and as approved by the Court.

The salient terms of the Purchase Agreement are:

   a. Purchase Price: $8,000,000

   b. Acquired Assets: The Stalking Horse Buyer is acquiring all
four Units pursuant to a warranty deed containing customary
covenants.

   c. Bid Protections: A Break-Up Fee of $160,000 (2% of the
Purchase Price) if the Units are sold to a Successful Bidder other
than the Stalking Horse Buyer.

   d. Closing Conditions: Other than customary closing conditions,
including Court approval and certain customary inspections that
must occur within seven business days of the execution of the
Purchase Agreement, the obligation of the Stalking Horse Buyer to
consummate the transactions contemplated by the Purchase Agreement
is not subject to any contingencies.  The Stalking Horse Buyer is
permitted to terminate the Purchase Agreement if the sale is not
approved by July 14, 2017.

   e. Warranty: The Debtor will provide the home warranty required
by Connecticut law for new construction, and the Debtor will escrow
$100,000 with the title company from the sale proceeds to support
the warranty for the one year that it is in effect under
Connecticut law.

   f. Higher and Better Bids: The Purchase Agreement is subject to
higher and better bids in accordance with the Motion.

The Debtor has selected Will Hawk Partners, LLC, as the real estate
broker best able to handle the marketing and the sale of the Units.
Among other things, Will Hawk has significant experience in
bankruptcy sales of property similar to the Units and it is
prepared to advance the costs of the marketing of the auction.  The
Broker believes that the value of the Units likely will be
maximized by individual sales instead of a sale of all four Units
as a block, so they are recommending that the Bidding Procedures be
flexible to permit both individual sales and block sales of the
Units.

The Debtor is filing simultaneously with the Motion an Application
to retain Will Hawk as Broker for this process.  As set forth in
the Application, Will Hawk has executed over $10 billion worth of
commercial and residential sales across all asset classes including
the largest 1-4 family real estate portfolio sale ever to occur in
the Northeast.

The Debtor has had extensive discussions with Richard Coan, Chapter
7 Trustee of the Sean Dunne bankruptcy estate ("Coan Trustee"),
concerning the Motion and the Bidding Procedures, and the Debtor
does not expect Coan Trustee to object to the Sale.  The DIP Lender
consents to the Motion.

As set forth, the Debtor will expose the Units to competitive
bidding through a marketing and sale process.  If no Qualified
Bidder submits a Qualified Bid other than the Qualified Bid
submitted by the Stalking Horse Buyer, then the Stalking Horse
Buyer will be considered the Successful Bidder for the four Units.
Should this occur, the $8,000,000 consideration in the Purchase
Agreement will provide the Debtor with the liquidity necessary to
pay the DIP Lender in full at the closing of the sale of the Units
and to wind down the estate in a responsible fashion and to pay all
allowed trade creditors and administrative claimants in full, with
the balance being held in escrow as required by the Borrowing
Order.

As set forth in the proposed Bidding Procedures, the Debtor will
determine whether any Bidder is a Qualified Bidder and whether any
individual Bid or combination of Bids is a Qualified Bid and will
conduct an Auction with respect to such Bids for the Units as the
Debtor and the Broker, after consulting with Coan Trustee and the
DIP Lender, deem appropriate and in the best interests of the
Debtor and its estate.  In the event that any Consultation Party
disagrees with the Debtor's determination whether any Bidder is a
Qualified Bidder and whether any individual Bid or combination of
Bids is a Qualified Bid, the Consultation Party may petition the
Court on an expedited basis for a review of the Debtor's
determination, and the approval of the Consultation Party's
determination of whether any Bidder is a Qualified Bidder and
whether any individual Bid or combination of Bids is a Qualified
Bid.

The salient terms of the Bidding Procedures are:

   a. Qualification to Bid: In order to attend the Auction and be
recognized as a Qualified Bidder, a Bidder must present to Will
Hawk at the Auction a cashier's or certified check in the amount of
$200,000 made payable to the title company.

   b. Scope of Bid: A Bid must be for (i) all four Units as a group
and/or (ii) individual Units, or combinations of Units, the Bidder
may desire.

   c. Buyer's Premium: A Successful Bidder (other than the Stalking
Horse Buyer under the Purchase Agreement) on any one Unit or
combination of Units will also pay 5% of the Qualified Bid amount,
which amount will be added to the purchase price paid by the
Successful Bidder and will be used to cover the costs of the
Auction process including commissions, with the excess going to the
Debtor.

   d. Will Hawk Commission: (i) As set forth in the Application to
retain Will Hawk as Broker, Will Hawk will receive from the Debtor
a commission equal to 1.5% of the Successful Bidder's Bid if the
Bidder is representing by a cooperating broker or a commission
equal to 2% of the Successful Bidder's Bid if the Bidder is not
represented by a cooperating broker.

   e. Separately, if there is no Auction and the Successful Bidder
is the Stalking Horse Buyer under the Purchase Agreement, Will Hawk
will receive from the Debtor a fixed commission of $25,000.  In the
event there is an Auction and the Successful Bidder is the Stalking
Horse Buyer at a higher price than set forth in the Purchase
Agreement (i.e. greater than $8,000,000), then Will Hawk will
receive from the Debtor a commission of $25,000 plus 4% of the
proceeds in excess of the $8,000,000 purchase price set forth in
the Purchase Agreement.  Will Hawk has agreed to this reduced
commission related to the Stalking Horse Buyer because Coldwell
Banker is to receive a 2% commission if the Stalking Horse Buyer is
the Successful Bidder because Coldwell Banker was the Debtor's
broker regarding the Stalking Horse Buyer.  Pursuant to the
Application, Will Hawk is seeking to be paid its commission and
expense reimbursement at the closing of the Sale of the Units and
pursuant to the Sale Order.  It is intended that Will Hawk would
submit to the Court and the parties prior to the Sale Hearing a
final statement of such amounts and that payment would be set forth
in and authorized by the Sale Order.

   f. Cooperating Broker: Any cooperating broker representing a
buyer (i.e. a buyer's broker) will receive 2% of the Successful
Bidder's Bid as a co-broker fee.  This co-broker fee also would be
paid at the closing pursuant to the Sale Order.

   g. Coldwell Banker Commission: Coldwell Banker has agreed to cap
any commission claim under the Listing Agreement both as the
listing agent and as a buyer's agent (including the commission
claim related to a sale to the Stalking Horse Buyer) at 2%.

   h. Minimum Bid: The Bid must have a purchase price that is
greater than the sum of (i) the $8,000,000 Purchase Price set forth
in the Purchase Agreement, plus (ii) the Break-Up Fee of $160,000;
plus (iii) $25,000 (bid increment), for a total of $8,185,000.  In
order to be a Qualified Bid for any one Unit or combination of
Units less than four Units, the Bid must have a purchase price that
is greater than the sum of $2,000,000 per each Unit included in the
Bid plus the Break-Up Fee.

   i. Contingencies: Each Bid may not be conditioned on obtaining
financing, internal approval, or due diligence, and the Alternate
Purchase Agreement will so provide.

   j. Irrevocable: Each Bid must be irrevocable until five business
days after the Auction; provided that if such Bid is accepted as
the Successful Bid for any one or more of the Units, such Bid will
continue to remain irrevocable until after the closing of the sale
of such Unit(s).

   k. Closing Date: The Bid must include a commitment to close the
transactions contemplated by the Alternate Purchase Agreement by no
later than 14 calendar days after the Sale Hearing or such other
date to be established by the Court.

   l. Auction Date: July 11, 2017 at 5:30 p.m. or at such other
date and time to be established by the Court

   m. Sale Hearing Date: July 13, 2017 at 10:00 a.m. or such other
date to be established by the Court

   n. Sale Objections Deadline: July 12, 2017 at 4:00 p.m.

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

                http://bankrupt.com/misc/161_Milbank_411_Sales.pdf

Will Hawk has recommended and has agreed to advance the costs of
the marketing program set forth in the Application, which will
include a four week marketing program including (i) print
advertisements in the Wall Street Journal, Greenwich Sentinel,
Greenwich Times, Fairfield Business Journal, Westchester Business
Journal, Journal News, and New York Times, (ii) Online advertising
on Facebook and other targeted Web sites, (iii) direct mailing to
potential purchasers, (iv) multiple open houses, and (v) a public
relations campaign. Will Hawk has estimated that this marketing
program will cost approximately $50,000-$80,000.  Will Hawk will be
reimbursed these expenses (along with its fee) by the Debtor from
the proceeds of the sale in accordance with and as authorized by
the Sale Order.  

The Debtor asks the Court to dispense with the appraisal
requirement provided by D. Conn. LBR 6004-1.

The Debtor proposes to pay the DIP Lender in full at the closing of
the sale of the Units and the proposed Sale Order so provides.  In
addition, the proposed Sale Order also provides that the proceeds
remaining after payment of the DIP Lender and other costs of the
sale will be placed into an escrow account established pursuant to
the proposed Sale Order.  Accordingly, except for the payment to
the DIP Lender and the ordinary costs of the sale (including
without limitation the approved fees to Will Hawk and any other
broker), all funds received from the sale of the Units will be
escrowed pursuant to the terms of the Borrowing Order pending
further order of the Court; provided however that pursuant to the
Purchase Agreement and as provided for in the Sale Order, the
Debtor will escrow $100,000 with the title company for the benefit
of the Stalking Horse Buyer to support the one year home warranty
required under Connecticut law.

Compelling business justifications exist for the proposed Sale.
First, the Debtor has engaged in an extensive effort with Coldwell
Banker to sell the Units.  Notwithstanding this effort and the best
expectation of the Debtor and Coldwell Banker, individual sales of
the Units have not occurred.  Second, the Borrowing Order requires
the Debtor to conduct an auction of the Units if the DIP Lender has
not been paid in full by June 1, 2017.  Under these circumstances,
the Debtor believes that conducting the Auction is in the best
interests of the Debtor's estate and its creditors.  The Debtor
submits that the Sale(s) of the Units should be sold on "as is,
where is" basis, and free and clear of any and all claims and
encumbrances.  Accordingly, the Debtor asks the Court to approve
the relief sought.

The Debtor asks the Court to waive the 14-day stay under Bankruptcy
Rules 6004(h) and 6006(d).

The Purchaser can be reached at:

          Caterina Violi         
          c/o Antoinette Violi
          78 East Putman Ave.
          Cos Cob, CT 06807

                        About 151 Milbank

151 Milbank, LLC's business consists of the ownership,
development,
and sale of four residential condominium units located at 151
Milbank Avenue in Greenwich, Connecticut.  The Debtor has no other
business operations and has no employees.  

The Debtor filed for Chapter 11 bankruptcy protection (Bankr. D.
Conn. Case No. 15-51485) on Oct. 21, 2015.  The case is assigned
to
Judge Alan H.W. Shiff.  The Debtor is represented by Thomas J.
Farrell, Esq., at Hinckley Allen and Snyder LLP, in Hartford,
Connecticut.  The Debtor's total assets is $4.6 million and total
debts is $4.4 million.  A list of the Debtor's 20 largest
unsecured
creditors is available for free at:

            http://bankrupt.com/misc/ctb15-51485.pdf


1802 PALISADES: July 20 Plan, Disclosure Statement Hearing
----------------------------------------------------------
Judge Dennis R. Row of the U.S. Bankruptcy Court for the Western
District of Missouri conditionally approved the disclosure
statement to accompany the plan of reorganization filed by 1802
Palisades Investments, LLC on May 18, 2017.

July 20, 2017, at 9:00 a.m. is fixed for the hearing on final
approval of the disclosure statement and for the hearing on
confirmation of the plan and related matters at the US Courthouse
800 Lafayette Street, Courtroom 4B Jefferson City, Missouri.

July 12, 2017, is the deadline for filing with the Court objections
to the disclosure statement or plan confirmation; and submitting to
counsel for the plan proponent ballots accepting or rejecting the
plan.

The Troubled Company Reporter previously reported that under the
plan, Class 5 unsecured claims in the total amount of $7,202.81
will be paid in full, without interest, on or before Dec. 31,
2017.

The reorganized company will continue to operate its property and
will collect rents to ensure payment to creditors. If additional
funds are needed to implement the plan, Patsy Prelogar, a member,
will from time to time make the capital contributions.

A copy of the disclosure statement is available for free at:

                  https://is.gd/39UODC

                 About 1802 Palisades

Headquartered in Leawood, Kansas, 1802 Palisades, LLC, filed for
Chapter 11 bankruptcy protection (Bankr. W.D. Mo. Case No.
17-20009) on Jan. 9, 2017, listing $2.05 million in total assets
and $2.15 million in total liabilities.  Patsy Prelogar,
authorized
representative, signed the petition.

Berman, DeLeve, Kuchan & Chapman, LLC represents the Debtor as
bankruptcy counsel.

The Office of the U.S. Trustee on Feb. 16 disclosed in a court
filing that no official committee of unsecured creditors has been
appointed in the Chapter 11 case of 1802 Palisades, LLC.


2004 WYOMING: Taps David Harris as Legal Counsel
------------------------------------------------
2004 Wyoming LP seeks approval from the U.S. Bankruptcy Court for
the Middle District of Pennsylvania to hire legal counsel in
connection with its Chapter 11 case.

The Debtor proposes to hire David Harris, Esq., to, among other
things, negotiate with creditors and assist in the preparation of a
plan of reorganization.  Mr. Harris will charge an hourly fee of
$300 for his services.

In a court filing, Mr. Harris disclosed that he has no connection
with the Debtor or any of its creditors.

Mr. Harris maintains an office at:

     David J. Harris, Esq.
     69 Public Square, Suite 700
     Wilkes-Barre, PA 18701
     Tel: (570) 823-9400
     Fax: (570) 208-1400
     Email: dh@lawofficeofdavidharris.com

                      About 2004 Wyoming LP

2004 Wyoming LP sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. M.D. Pa. Case No. 17-02310) on June 1,
2017.  At the time of the filing, the Debtor estimated assets and
liabilities of less than $1 million.


21ST CENTURY ONCOLOGY: Stroock Represents Crossover Holders
-----------------------------------------------------------
Pursuant to Rule 2019 of the Federal Rules of Bankruptcy Procedure,
a verified statement was submitted by certain beneficial holders,
or investment advisors or managers of beneficial holders -- Ad Hoc
Group of Crossover Holders -- who are:

   (i) holders of the 11.00% Senior Notes due 2023 issued under an
Indenture, dated as of April 30, 2015, by and among 21C Oncology,
Inc. ("21C Oncology"), as issuer, and Wilmington Trust, National
Association, as trustee;

  (ii) holders of loans (the "Credit Loans") issued under a Credit
Agreement, dated as of April 30, 2015, by and among 21C Oncology
Holdings, Inc. ("21C Holdings"), 21C Oncology, as borrower, the
lenders party thereto, and Morgan Stanley Senior Funding, Inc.
("Morgan Stanley"), as administrative agent; and

(iii) holders of loans (the "MDL Loans") issued under an Amended
and Restated Credit and Guaranty Agreement, dated as of March 6,
2017, by and among Medical Developers LLC, as borrower, the lenders
party thereto, and Wilmington Savings Fund Society, FSB, as
administrative agent and collateral agent.

In October 2016, the Ad Hoc Group of Crossover Holders retained
Stroock & Stroock & Lavan LLP as counsel in connection with a
potential restructuring of 21C Oncology and its affiliated debtors
and debtors-in-possession.

In connection with the Debtors' bankruptcy filing, certain members
of the Ad Hoc Group of Crossover Holders provided the Debtors with
debtor-in-possession financing pursuant to a Senior Secured
Superpriority Debtor-in-Possession Credit Agreement, dated as of
June 2, 2017, by and among 21C Oncology, as borrower, 21C Holdings
and certain of the borrower's subsidiaries as guarantors thereto,
the lenders party thereto, and Morgan Stanley, as administrative
agent, and in accordance with, and as approved by, an interim order
of the Court.

Stroock at present represents the Ad Hoc Group of Crossover
Holders.

As of June 2, 2017, the individual members of the Ad Hoc Group of
Crossover Holders and their disclosable economic interests are:

  1. Beach Point Capital
     Management, LP
     1620 26th Street, Suite 6000
     North Santa Monica, CA 90404

     * $184,789,138 principal amount of Senior Notes
     * $109,776,027 principal amount of Credit Loans
     * $16,018,935 principal amount of MDL Loans
     * $3,867,616 principal amount of DIP Loans

  2. Governors Lane LP
     510 Madison Avenue
     10th Floor
     New York, NY 10022

     * $32,215,503 principal amount of Senior Notes
     * $0 principal amount of Credit Loans
     * $0 principal amount of MDL Loans
     * $904,543 principal amount of DIP Loans

  3. J.P. Morgan Investment Management Inc.
     1 East Ohio Street, Floor 14
     Indianapolis, IN 46204
     * $29,346,720 principal amount of Senior Notes
     * $21,069,749 principal amount of Credit Loans
     * $0 principal amount of MDL Loans
     * $742,327 principal amount of DIP Loans

  4. Oaktree Capital Management, L.P.
     333 S. Grand Avenue, 28th Floor
     Los Angeles, CA 90071

     * $42,084,663 principal amount of Senior Notes
     * $52,793,584 principal amount of Credit Loans
     * $1,485,515 principal amount of MDL Loans
     * $1,860,017 principal amount of DIP Loans

  5. Roystone Capital Management LP
     780 Third Avenue, 41st Floor
     New York, NY 10017

     * $26,101,915 principal amount of Senior Notes
     * $42,153,181 principal amount of Credit Loans
     * $4,365,515 principal amount of MDL Loans
     * $1,485,136 principal amount of DIP Loans

Counsel to the Ad Hoc Group of Crossover Holders:

         Jayme T. Goldstein, Esq.
         Frank A. Merola, Esq.
         Samantha Martin, Esq.
         STROOCK & STROOCK & LAVAN LLP
         180 Maiden Lane
         New York, New York 10038-4982
         Telephone: (212) 806-5400
         Facsimile: (212) 806-6006

                   About 21st Century Oncology

21st Century Oncology Holdings, Inc. is a global provider of
integrated cancer care services.  As of March 31, 2017, the company
operated 179 treatment centers, including 143 centers located in 17
U.S. states and 36 centers located in seven countries in Latin
America.

21st Century and 59 U.S. affiliates filed Chapter 11 petitions
under the Bankruptcy Code (Bankr. S.D.N.Y. Lead Case No. 17-22770)
on May 25, 2017.  The cases are pending before the Hon. Judge
Robert D. Drain.

At the time of the filing, the Debtors estimated their assets and
debts at $1 billion to $10 billion.  

Millstein & Co. is acting as the Debtors' financial advisor and
Alvarez & Marsal Healthcare Industry Group is providing interim
senior management.  Kirkland & Ellis is acting as the Company's
legal counsel in connection with the debt restructuring.  Kurtzman
Carson Consultants LLC is the claims and noticing agent.


38 STUDIOS: Governor's Bid for Disclosure of Probe Records Denied
-----------------------------------------------------------------
Cara Salvatore, writing for Bankruptcy Law360, reports that
Superior Court Justice Alice Gibney has denied Gov. Gina Raimondo's
request for the disclosure of investigation records relating to 38
Studios LLC, saying that rules of criminal procedure do not provide
for the release of sensitive documents, even in this high-profile
case.

Citing Rhode Island officials, Law360 relates that the state had
enticed the Debtor to relocate from Massachusetts with financing
and tax incentives in the hopes it would spur tech growth in the
state, but that belief had been fostered by misrepresentations of
the Debtor's financial situation.

Law360 quoted Judge Gibney as saying, "The petitioner admittedly
does not request the 38 Studios grand jury materials under any of
the enumerated exceptions providing for such disclosure . . .
neither is the petitioner requesting the release of grand jury
documents under any alternative exceptions as provided in Rule
6(e)(3).  Therefore, this court must deny the petitioner's request
pursuant to a plain reading of the Rhode Island Rules of Criminal
Procedure. "

                       About 38 Studios

38 Studios LLC, a video-game developer founded by former Boston Red
Sox pitcher Curt Schilling, filed for liquidation on June 8, 2012,
without attempting to reorganize.  Although based in Providence,
Rhode Island, the company filed the Chapter 7 petition (Bankr. D.
Del. Case No. 12-11743) in Delaware.


500 NORTH AVENUE: Unsecureds to Get $200K, Portion of Sale Proceeds
-------------------------------------------------------------------
500 North Avenue, LLC, filed with the U.S. Bankruptcy Court for the
District of Connecticut an eighth amended disclosure statement
describing their eighth amended plan of reorganization.

This latest plan proposes to pay Class 4 unsecured creditors a
pro-rata distribution of net proceeds from the sale of the property
located at 3044 Main Street in Stratford, Connecticut, after
payment of the Class 3 claim and any outstanding administrative
claims; plus $200,000.  The distributions shall be made to Class 4
claimants on a pro rata basis as follows: (i) with respect to net
sale proceeds from the sale of the Property, upon the later of 30
days after the closing on the sale of the Property or upon
allowance of a creditor's particular claim; and (ii) with respect
to the Cash Distribution, in four annual distributions of $50,000,
commencing 180 days after the Effective Date of the Plan.

Certain individuals and entities have agreed to subordinate their
claims to allowed general unsecured claims to facilitate in the
Company’s reorganization. Gus Curcio, Sr., and Julia Kish have
agreed to subordinate any and all claims either may possess against
the Company to Class 4 Claimants. Ebay Wanted, Inc., as assignee of
seven of the junior liens, agrees to release any liens and
subordinate its claim to Class 4 claims. Dean Moccia, as assignee
of a claim of Julia Kish, has agreed to subordinate his claim to
Class 4 claims. Jose Antonio Pires, as assignee of a claim of Gus
Curcio, Sr., has agreed to release any lien interests and
subordinate his claim to Class 4 claims. These consensual
subordinations results in a reduction of the Class 4 claims by
approximately $500,000. In addition, Joseph Regensburger has agreed
to waive any claims he may have against the estate.

As reported by The Troubled Company Reporter on June 1, 2017, the
previous version of the plan said unsecured creditors will receive
a pro rata distribution of $700,000 over the period of 120 months
from the Effective Date. The distribution will be made as follows:
(i) semi-annual installments of $25,000 (twice per year) commencing
upon the Effective Date of the Plan for a period of 72 months and
(ii) commencing 72 months after the Effective Date of the Plan, in
semi-annual installments of $50,000.

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

            http://bankrupt.com/misc/ctb14-31095-247.pdf

                     About 500 North Avenue

500 North Avenue, LLC, and Long Brook Station, LLC, filed Chapter
11 petitions (Bankr. D. Conn. Case Nos. 14-31094 and 14-31095) on
June 6, 2014.  The petitions were signed by Joseph Regensburger,
member.

At the time of filing, 500 North Avenue estimated $1 million to
$10
million in assets and $10 million to $50 million in liabilities;
and Long Brook Station estimated $500,000 to $1 million in assets
and $1 million to $10 million in liabilities.

The cases are assigned to Judge Julie A. Manning.

The Debtors are represented by Douglas S. Skalka, Esq., at
Neubert,
Pepe, and Monteith, P.C.


ADEPTUS HEALTH: Court Orders Appointment of Equity Committee
------------------------------------------------------------
The U.S. Bankruptcy Court for the Northern District of Texas on
June 7 ordered the U.S. trustee for Region 6 to appoint an official
committee of equity security holders for Adeptus Health, Inc.

                       About Adeptus Health

Adeptus Health LLC -- http://www.adpt.com/-- through its
subsidiaries, owns and operates hospitals and free standing
emergency rooms in partnership with various healthcare providers.
Adeptus Health Inc. is a holding company whose sole material asset
is a controlling equity interest in Adeptus Health LLC.

Lewisville, Texas-based ADPT DFW Holdings LLC and its affiliates,
including Adeptus Health, Inc., and Adeptus Health LLC, each filed
Chapter 11 bankruptcy petitions (Bankr. N.D. Tex. Case No.
17-31432) on April 19, 2017, listing $798.7 million in total assets
and $453.48 million in total debt as of Sept. 30, 2016. Andrew
Hinkelman, chief restructuring officer, signed the petitions.

Judge Stacey G. Jernigan presides over the cases.

Elizabeth Nicolle Boydston, Esq., Kristian W. Gluck, Esq., John N.
Schwartz, Esq., Timothy S. Springer, Esq., and Louis R. Strubeck,
Jr., Esq., at Norton Rose Fulbright US LLP serve as the Debtors'
bankruptcy counsel.  The Debtors have tapped DLA Piper LLP (US) as
special counsel; FTI Consulting, Inc., as chief restructuring
officer; Houlihan Lokey, Inc., as investment banker; and Epiq
Systems as claims and noticing agent.

On May 1, 2017, a nine-member official unsecured creditors
committee was formed in the case.  The committee tapped Akin Gump
Strauss Hauer & Feld LLP as counsel.

Daniel T. McMurray has been named as Patient Care Ombudsman in the
Debtors' cases.


ADVANCED PAIN: U.S. Trustee Unable to Appoint Committee
-------------------------------------------------------
An official committee of unsecured creditors has not yet been
appointed in the Chapter 11 case of Advanced Pain Management
Services, LLC, as of June 6, according to a court docket.

             About Advanced Pain Management Services, LLC

Advanced Pain Management Services, LLC --
http://www.americanspinemd.com/-- is a small business debtor as
defined in 11 U.S.C. Section 101(51D), engaged in the health care
business.  The Company collected gross revenue for $9.97 million in
2016 and gross revenue of $10.65 million in 2015.

Advanced Pain Management filed a Chapter 11 petition (Bankr. W.D.
Ky. Case No. 17-30863), on March 16, 2017.  The petition was signed
by Khalid Kahloon, CEO and general counsel.  At the time of filing,
the Debtor disclosed $1.84 million in total assets and $2.50
million in total liabilities.

The Kentucky case was assigned to Judge Thomas H. Fulton.  The
Debtor was represented by James Edwin McGhee, III, Esq., at Kaplan
& Partners LLP.

On May 1, 2017, the W.D. Kentucky bankruptcy court granted an
Agreed Motion filed by the Debtor and creditor SunTrust Bank to
transfer the case to the Maryland bankruptcy court.

Advanced Pain filed a Chapter 11 bankruptcy petition (Bankr. D. Md.
Case No. 17-16047) on May 1, 2017, disclosing under $1 million in
both assets and liabilities.  The petition was filed pro se.

Bankruptcy Judge Thomas J Catliota presides over the Maryland case.
The Court appointed Alan M. Grochal as Chapter 11 Trustee.


AGT FOOD: DBRS Confirms B(high) Issuer Rating
---------------------------------------------
DBRS Limited confirmed the Issuer Rating of AGT Food and
Ingredients Inc. at B (high) and its Senior Unsecured Notes rating
at BB (low). The trends are Stable, and the Recovery Rating on the
Senior Unsecured Notes remains at RR3. DBRS has discontinued its
rating on the Senior Secured High-Yield Notes, as the notes were
repaid pursuant to the Company's early redemption in February 2017.
The confirmation of the ratings is based on the Company's
reasonably sound operating performance in 2016 and Q1 2017, despite
a challenging operating environment (in Q4 2016 and Q1 2017). AGT's
ratings continue to be supported by its market position,
diversification (geography, supplier and customer) and favourable
industry trends. The ratings also reflect volatility in input costs
and global pulse markets, sensitivity to weather and growing
conditions, the low-margin and capital-intensive nature of AGT's
core business, competition and risks associated with growth.

DBRS believes that AGT's earnings profile should remain at a level
consistent with the current B (high) Issuer Rating on a
through-the-cycle basis, despite near-term industry headwinds.
Revenue and earnings growth may be challenged in the near term by
current volatility in pulse markets, but it should stabilize as
crop seeding intentions and uncertainty around possible trade
barriers in key markets are lifted. AGT's margins should improve
over the medium term as the Company continues to grow its food
ingredients business and capacity shifts to the higher margin human
food. As such, DBRS believes that AGT's EBITDA will be challenged
to grow meaningfully in 2017, but that it should rise toward and
over the $130 million level over the medium term.

AGT's financial profile should remain at a level considered
adequate for the current B (high) Issuer Rating on a
through-the-cycle basis and could improve over the longer-term
based on the expected return to growth in operating income in 2018
and the evolution to positive free cash flow generation. Cash flow
from operations should continue to track operating income
(excluding unrealized foreign exchange losses), while capex should
moderate somewhat but remain in the $30 million per year range.
DBRS expects that AGT's dividend will remain relatively stable on a
per-share basis, resulting in improving free cash generating
capacity toward the positive level in the near to medium term. Any
free cash flow is expected to be used to invest in growth and/or
repay debt with a goal of reaching the Company's stated
deleveraging intentions (reduce debt-to-EBITDA below 4.0 times (x)
within 12 to 18 months). Over the longer term, DBRS believes free
cash flow could be used to support increasing shareholder returns.
As such, DBRS expects credit metrics will remain challenged in
2017, but that they should continue to improve on a
through-the-cycle basis over the medium term primarily because of
earnings growth as well as the repayment of debt.


ALBANY MOLECULAR: Moody's Puts B3 CFR on Review for Downgrade
-------------------------------------------------------------
Moody's Investors Service placed the ratings of Albany Molecular
Research, Inc. on review for downgrade, including the B3 Corporate
Family Rating and B3-PD Probability of Default Rating. Moody's also
placed the B1 senior secured first lien credit facility ratings on
review and affirmed AMRI's SGL-3 Speculative Grade Liquidity
Rating.

On June 6, AMRI announced an agreement to be acquired by The
Carlyle Group and GTR LLC in a leveraged buyout for approximately
$922 million. AMRI expects the transaction to be funded with a mix
of equity and debt. Under such a scenario, Moody's expects the
company's leverage to materially increase. AMRI's adjusted debt to
EBITDA, currently about 5.3 times, could increase by 1-2 full
turns.

Completion of the transaction will be subject to customary
regulatory and shareholder approvals. AMRI expects the transaction
to close in the second half of 2017.

Ratings placed on review for downgrade:

Albany Molecular Research, Inc.

Corporate Family Rating at B3

Probability of Default Rating at B3-PD

Senior secured revolving credit facility expiring 2020 at B1 (LGD
2)

Senior secured first lien term loan B due 2021 at B1 (LGD 2)

Rating affirmed:

Albany Molecular Research, Inc.

Speculative Grade Liquidity Rating at SGL-3

RATINGS RATIONALE

Moody's ratings review will focus on AMRI's post-transaction
leverage profile, and outlook for future operating trends. Finally,
Moody's will consider the impact of private equity ownership on
AMRI's financial policy. Moody's notes that should the transaction
be funded with a material portion of senior secured debt, that
AMRI's existing senior secured debt could be downgraded even if the
company's CFR and PDR are confirmed. This is because the cushion
provided by subordinated debt to senior secured debt would be
diluted.

Albany Molecular Research Inc.'s B3 Corporate Family Rating
(currently on review for downgrade) reflects its small size and
modest profit margins compared to larger contract research and
manufacturing organizations. The rating also reflects AMRI's narrow
focus on drug discovery services, specialty active pharmaceutical
ingredients (API) development and contract manufacturing. The
rating also incorporates Moody's expectation that the company will
operate with high financial leverage and weak cash flow. Earnings
and cash flow are volatile due to fluctuating volumes and a high
fixed cost structure, ongoing integration and restructuring costs
related to an aggressive acquisition strategy, and the capital
intensity of the business. The rating further reflects execution
risks associated with the company's acquisition strategy, which has
largely been funded with debt.

The rating is supported by the company's focus on complex API and
finished products, partially mitigating its small scale and
customer concentration. The rating is further supported by good
production capabilities and product offerings. The rating also
reflects Moody's expectation that the demand for contract
manufacturing services will grow in the long-term.

The Speculative Grade Liquidity Rating of SGL-3 reflects Moody's
expectations that AMRI's liquidity will remain adequate. This is
due to its weak cash flow, modest cash balances, and availability
on its $35 million revolver.

Albany Molecular Research Inc. is a global contract research and
manufacturing organization providing drug discovery, development
and manufacturing services. Revenues are about $630 million.


AMPLIPIHI BIOSCIENCES: Paul Grint Replaced Scott Salka as CEO
-------------------------------------------------------------
Scott Salka resigned as AmpliPhi Biosciences Corporation's chief
executive officer and as a member of its board of directors,
effective May 31, 2017.

In connection with Mr. Salka's resignation, the Company and Mr.
Salka entered into a separation and consulting agreement, pursuant
to which Mr. Salka is entitled to receive the following benefits
subject to the Company's receipt of an effective release and waiver
of claims from Mr. Salka:

   (i) continued payment of his base salary in effect as of the
       Separation Date for 12 months following the Separation
       Date, through May 31, 2018;

  (ii) payment of COBRA premiums on his behalf, through the
       earliest of the following: (a) the duration of the
       Severance Period; (b) the date upon which he becomes
       eligible for health insurance pursuant to another employer-
       sponsored group health insurance plan; or (c) the date upon
       which he becomes ineligible for continued coverage under
       COBRA; and (iii) a stock option under the Company's 2016
       Equity Incentive Plan, exercisable for 50,000 shares of its
  
       common stock at an exercise price equal to the fair market
       value on the date of grant, which will vest, subject to
       certain terms and conditions, at the end of the consulting
       period, and may be exercised for a period of three years
       following the end of that consulting period.  Pursuant to
       the Separation Agreement, Mr. Salka has agreed to provide
       transition and consulting services to the Company for a
       period of up to 90 days following the Separation Date.

On May 30, 2017, the Company appointed Paul C. Grint, M.D., as its
chief executive officer, effective June 1, 2017.  Dr. Grint
continues to serve on the Company's board of directors as a Class
III director, but resigned from the compensation committee of the
Company's board of directors concurrently with his appointment as
its chief executive officer.

Dr. Grint, age 59, has served on the Company's Board of Directors
since November 2015 and on the compensation committee of the
Company's board of directors until his appointment as its chief
executive officer.  From June 2015 to May 2017, Dr. Grint served as
the president and chief executive officer and on the board of
directors of Regulus Therapeutics Inc., a company focused on the
discovery and development of microRNA therapeutics, and served as
the chief medical officer of Regulus Therapeutics Inc. from June
2014 to June 2015.  From February 2011 to June 2014, Dr. Grint
served as the president of Cerexa, Inc., a wholly owned subsidiary
of Forest Laboratories, Inc., a pharmaceutical company, where he
was responsible for the oversight of anti-infective product
development.  Before that, Dr. Grint served as senior vice
president of Research at Forest Research Institute, Inc., the
scientific development subsidiary of Forest Laboratories, Inc.,
from January 2009 to February 2011, and as chief medical officer of
Kalypsys, Inc., a biopharmaceutical company, from 2006 to 2008. Dr.
Grint also previously served in similar executive level positions
at Pfizer Inc., IDEC Pharmaceuticals Corporation, and
Schering-Plough Corporation.  Dr. Grint currently serves on the
board of directors of Amplyx Pharmaceuticals, Inc. and of Synedgen,
Inc., and served on the board of directors of Illumina Inc. from
April 2005 to May 2013.  Dr. Grint received a B.S. in Medical
Science from St. Mary's Hospital in London and his medical degree
from St. Bartholomew's Hospital Medical College at the University
of London.

In connection with his appointment as the Company's chief executive
officer, the Company entered into an offer letter agreement with
Dr. Grint, pursuant to which Dr. Grint is entitled to receive the
following compensation: (i) annual base salary of $475,000; (ii)
eligibility to receive an annual performance bonus, with an initial
target bonus of 50% of his base salary; and (iii) an initial stock
option grant under the 2016 Plan, exercisable for up to 475,189
shares of the Company's common stock at an exercise price per share
equal to the fair market value on the date of grant, 40% of which
shares will be subject to time-based vesting over a four-year
period (25% of such time-based shares to vest after one year, and
the balance to vest monthly over the following 36 months), and 60%
of which shares will be subject to vesting upon achievement of
corporate performance criteria to be established by the Company's
board of directors or the compensation committee.  In the event Dr.
Grint is terminated without cause or resigns for good reason within
one month before or 12 months after a change in control of our
company, the vesting of all of his outstanding equity awards that
are subject to time-based vesting will accelerate in full such that
all such equity awards will be deemed fully vested as of the date
of such termination or resignation (or change in control, if
later).  In addition, the offer letter provides that if Dr. Grint
is terminated without cause or resigns for good reason from his
employment with the Company, Dr. Grint will be entitled to receive
severance benefits in the form of salary continuation at the rate
of his base salary in effect at the time of his termination or
resignation for a period of 12 months, subject to the Company's
timely receipt of an effective release and waiver of claims from
Dr. Grint.

                         About AmpliPhi

AmpliPhi Biosciences Corp. is a biotechnology company focused on
the discovery, development and commercialization of novel phage
therapeutics.  Its principal offices occupy 1,000 square feet of
leased office space pursuant to a month-to-month sublease, located
at 3579 Valley Centre Drive, Suite 100, San Diego, California.  It
also leases 700 square feet of lab space in Richmond, Virginia,
5,000 square feet of lab space in Brookvale, Australia, and 6,000
square feet of lab and office space in Ljubljana, Slovenia.

Ampliphi reported a net loss attributable to common stockholders of
$24.27 million for the year ended Dec. 31, 2016, compared to a net
loss attributable to common stockholders of $10.79 million for the
year ended Dec. 31, 2015.  

As of March 31, 2017, Ampliphi Biosciences had $14.30 million in
total assets, $7.65 million in total liabilities and $6.64 million
in total stockholders' equity.

Ernst & Young LLP, in San Diego, California, issued a "going
concern" qualification on the consolidated financial statements for
the year ended Dec. 31, 2016, citing that the Company has recurring
losses and negative cash flows from operations that raise
substantial doubt about its ability to continue as a going concern.


APOLLO COMPANIES: U.S. Trustee Unable to Appoint Committee
----------------------------------------------------------
An official committee of unsecured creditors has not yet been
appointed in the Chapter 11 case of Apollo Companies Inc. as of
June 6, according to a court docket.

                      Apollo Companies

Headquartered in Alvin, Texas, Apollo Office Systems, LLC --
www.http://apolloofficesystems.com-- is a growing company that
sells and services all brands of copiers, printers, scanners,
faxes, wide format laser printers and any other type of office
machine.  The Debtor is an authorized Xerox Channel Partner.  It
also sells Canon, Kyocera-Mita/Copystar, Konica-Minolta, Oce,
Okidata, HP, Brother, Samsung, Ricoh, GEI, Fujitsu, etc.  AOS is a
family owned and has been in the business for over twenty-five
years.

Apollo Companies Inc. dba Apollo Office Systems LLC, dba Southwest
Office Systems, filed for Chapter 11 bankruptcy protection (Bankr.
S.D. Tex. Case No. 17-80148) on May 5, 2017, estimating its assets
at between $500,000 and $1 million and liabilities at between $1
million and $10 million.  The petition was signed by Jeffrey Foley,
director.

Judge Marvin Isgur presides over the case.

William L Bennett, Esq., at the Law Office of William L. Bennett
serves as the Debtor's bankruptcy counsel.


AXIOM WORLDWIDE: Seeks Additional 60 Days Plan Filing Extension
---------------------------------------------------------------
Axiom Worldwide Inc. asks the U.S. Bankruptcy Court for the Middle
District of Florida for an additional 60 days extension of the time
to file its Disclosure Statement and Plan.

The Court had previously set a second deadline of June 5, 2017, in
which to file a Plan and Disclosure Statement. However, the Debtor
said it has been and still is involved in contested matters in the
District Court involving garnished funds and personal property. The
Debtor claims that some of the assets will constitute funding to
its plan. As such, the outcome of this action and the injunction
would affect the Debtor's post-confirmation business, as well as
the Debtor's proposed plan.

                About Axiom Worldwide, Inc.

Axiom Worldwide, Inc. manufactures and distributes non-surgical
medical equipment for healthcare providers/practitioners.  

Axiom Worldwide Inc. filed a Chapter 11 petition (Bankr. M.D. Fla.
Case No. 16-10078) on November 27, 2016, listing assets under
$50,000 and liabilities estimated between $100,000 to $500,000. The
petition was signed by James Gibson Jr., president.

The Debtor is represented by Frank A. Principe, Esq., as counsel.


B.L. GUSTAFSON: U.S. Trustee Unable to Appoint Committee
--------------------------------------------------------
An official committee of unsecured creditors has not yet been
appointed in the Chapter 11 case of B.L. Gustafson, LLC, as of June
6, according to a court docket.

                    About B.L. Gustafson, LLC

B.L. Gustafson, LLC filed a Chapter 11 bankruptcy petition (Bankr.
W.D. Pa. Case No. 17-10514) on May 16, 2017.  John F. Kroto, Esq.,
at Knox McLaughlin Gornall & Sennett, P.C., serves as bankruptcy
counsel.  The Debtor's assets and liabilities are both below $1
million.


BALMORAL RACING: RSUI Opposes WWI Bid for Coverage in $21M Suit
---------------------------------------------------------------
Rick Archer, writing for Bankruptcy Law360, reports that RSUI
Indemnity Co. argued it is not required to defend Worldwide
Wagering Inc. against a $21 million lawsuit alleging fraudulent
money transfers, saying it falls under a policy exclusion for cases
related to its bribery of former Gov. Rod Blagojevich.

As reported by the Troubled Company Reporter on April 21, 2017,
Law360 reported that Worldwide Wagering asked an Illinois federal
court to find that its insurer, RSUI Indemnity, must cover it for a
$21 million suit alleging fraudulent money transfers, saying the
lawsuit's accusations go beyond the former Gov. Rod Blagojevich
case.  Worldwide Wagering was sent into Chapter 11 after a jury
found it had bribed former Gov. Blagojevich, Law360 stated.

Law360 relates that Worldwide Wagering and its directors argued
that RSUI had to defend it against the bankruptcy court suit
because the plaintiff was alleging wrongdoing unconnected to the
Blagojevich case.

                   About Balmoral Racing Club

Balmoral Racing Club, Inc., and Maywood Park Trotting Association,
Inc., operate pari-mutuel wagering at the Balmoral Park and Maywood
Park racetracks in Illinois under a license granted by the State of
Illinois pursuant to the Illinois Horse Racing Act of 1975.

Balmoral Racing Club (Bankr. N.D. Ill. Case No. 14-45711) and
Maywood Park Trotting Association (Bankr. N.D. Ill. Case No.
14-45718) filed for Chapter 11 bankruptcy protection on Dec. 24,
2014, to continue operations into 2015 and protect themselves
against property seizure.  Both cases were consolidated on
Dec. 31, 2014.

Alexander F. Brougham, Esq., Chad H. Gettleman, Esq., and Nathan Q.
Rugg, Esq., at Adelman & Gettleman, Ltd., serve as the Debtors'
bankruptcy counsel.

Neither a trustee nor a committee of unsecured creditors has been
appointed in the Chapter 11 cases.


BAY HARBOUR: U.S. Trustee Unable to Appoint Committee
-----------------------------------------------------
An official committee of unsecured creditors has not yet been
appointed in the Chapter 11 case of Bay Harbour Homes, LLC, as of
June 7, according to a court docket.

Bay Harbour is represented by:

     Leon Williamson, Esq.
     Law Office of Leon A. Williamson, Jr., P.A.
     306 S Plant Ave., Suite B
     Tampa, FL 33606-2323
     Phone: (813) 253-3109
     Email: leon@lwilliamsonlaw.com

                    About Bay Harbour Homes

Bay Harbour Homes, LLC sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. M.D. Fla. Case No. 17-03805) on May 1,
2017.  The petition was signed by Thomas M. DiGiacomo, president.


At the time of the filing, the Debtor estimated assets of less than
$50,000 and liabilities of less than $100,000.


BAYOU SHORES: Refutes Gov't Attempts to Downplay Circuit Split
--------------------------------------------------------------
Nathan Hale, writing for Bankruptcy Law360, reports that Bayou
Shores SNF LLP has sought U.S. Supreme Court review of its fight to
keep a Medicare payment dispute in the U.S. Bankruptcy Court for
the Middle District of Florida and used its reply brief to refute
federal and state government attempts to downplay what it claims is
a circuit split on key issues.

The Debtor, according to Law360, petitioned the nation's highest
court in February 2017, saying the Eleventh Circuit formed a
circuit split when it upheld moving the case to district court in
2016.

                       About Bayou Shores

Bayou Shores SNF LLC, c/o Rehabilitation Center of St. Petersburg,
filed for Chapter 11 bankruptcy (Bankr. M.D. Fla. Case No.
14-09521) on Aug. 15, 2014, in Tampa.  Elizabeth A Green, Esq., at
Baker & Hostetler LLP, serves as the Debtor's counsel.  In its
petition, the Debtor estimated assets and liabilities of $1 million
to $10 million.  The petition was signed by Tzvi Bogomilsky,
managing member.

The Troubled Company Reporter, on Jan. 13, 2015, reported that the
Rehabilitation Center of St. Petersburg nursing home has emerged
from bankruptcy -- despite protests from Medicare officials --
after a bankruptcy judge agreed it fixed record-keeping and patient
care problems.


BEBE STORES: Reaches Deal to Cancel All Retail Store Leases
-----------------------------------------------------------
bebe stores, inc., on June 7, 2017, disclosed that it has reached
agreement with substantially all of its retail store landlords to
terminate the existing leases.  The cost to terminate the leases is
estimated to be approximately $65 million.

As of June 7, 2017, the Company has signed an agreement to sell its
distribution center in Benicia, California for approximately $22
million.  The Company is also actively seeking to sell its Design
Center in Los Angeles, California.  The Company anticipates closing
the sale of the Benicia facility in the next 60 days.

The company has entered into a $35 million loan agreement with GACP
Finance CO, LLC to make payments to the retail store landlords
pending the closing of the building sales.

In addition, in accordance with the joint venture agreements, the
Company has transferred both the bebe.com URL and International
Wholesale agreements into its Joint Venture (JV) with Blue Star
Alliance.  The JV has executed a royalty agreement with a third
party for both the URL and Wholesale Licenses.

The Company has also entered into a Transition Service Agreement
(TSA) and Asset Purchase Agreement (APA) with the third party that
provides for the sales of certain inventory and bebe.com site
management in order to facilitate the operation of the bebe online
and wholesale businesses to the third party.

Going forward, the Company anticipates having no retail operations,
and its sole operations will be the collection of royalty income
from the JV.

The company was advised by B. Riley & co.

                          *     *     *

Bebe Stores Inc. entered into a series of deals -- including, sale
of distribution center and inventory and purchase orders, -- in an
attempt to stay out of bankruptcy protection, Lillian Rizzo,
writing for The Wall Street Journal Pro Bankruptcy, reported.

                      About bebe stores inc.

Based in Brisbane, California, bebe stores inc. (NASDAQ: BEBE) is a
women's retail clothier established in 1976.  The brand develops
and produces a line of women's apparel and accessories, which it
markets under the Bebe, BebeSport, and Bebe Outlet names.  

Manny Mashouf founded the company and at present has a 55% stake.

The Company operated brick-and-mortar stores in the United States,
Puerto Rico and Canada.  The Company had 180 retail stores before
ending all retail operations in the U.S. by May 27, 2017.

The Company's online store -- http://www.bebe.com/-- remains open.
The online store ships to customers in the United States, Canada,
Puerto Rico, the United States Protectorates and internationally
via its third-party providers, International Checkout and
Shoprunner.  It also has international stores operated by licensees
in South East Asia, the United Arab Emirates, Russia, South
America, Turkey and other territories.

The Company reported a net loss of $13,009,000 on $189,169,000 in
six months ended Dec. 31, 2016, compared with a net loss of
$22,600,000 on $218,730,000 of revenue in six months ended Jan. 2,
2016.

bebe stores reported $168,885,000 in assets and $53,077,000 in
liabilities as of Dec. 31, 2016.


BEE THINKING: Personal Property Up for June 14 Auction
------------------------------------------------------
Kell, Alterman & Runstein LLP, on behalf of secured creditor
Shearer Ventures, LLC, successor-in-interest to the Bank of the
Cascades, will sell the personal property collateral of Bee
Thinking, LLC, to the highest qualified bidder in a public
auction:

     Date: June 14, 2017

     Time: 10:00 a.m.

     Place: 1887 SE Milport Road, Milwaukie, OR 97222

     Description of Collateral to Be Sold: Any and all interest of
Bee Thinking, LLC in personal property, including but not limited
to all Goods, Inventory, Chattel Paper, Accounts, Equipment and
General Intangibles; whether any of the foregoing is owned now or
acquired later; all accessions, additions, replacements, and
substitutions relating to any of the foregoing; and all records of
any kind relating to any of the foregoing personal property owned
by Debtor and used in the operation of the business known as "Bee
Thinking" located at 1887 SE Milport Road, Milwaukee, Oregon, and
1744 SE Hawthorne Boulevard, Portland, Oregon.

Shearer Ventures reserves the rights to credit bid at the sale or
to postpone the sale, and to offer the personal property as a block
or in lots, in its sole discretion.

Any parties wishing to receive further information about the
personal property should contact counsel for Shearer Ventures:

     Mathew W. Lauritsen, Esq.
     Kell, Alterman & Runstein, L.L.P.
     520 SW Yamhill Street, Suite 600
     Portland, OR 97204
     Tel: 503-222-3531


BEHNEY CORP: Hires Murphy & McCormack as Investment Banker
----------------------------------------------------------
Behney Corp. seeks authorization from the U.S. Bankruptcy Court for
the Middle District of Pennsylvania to employ Murphy & McCormack
Capital Advisors as investment banker.

The Debtor requires Murphy & McCormack to serve as its agent for
the purpose of advertising, marketing and selling the Debtor's
assets as a going concern.

Murphy & McCormack has agreed to charge a transaction fee of
$35,000.

Murphy & McCormack will also be reimbursed for reasonable
out-of-pocket expenses incurred.

Larry Kluger, senior vice president of Murphy & McCormack, 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.

Murphy & McCormack can be reached at:

       Larry Kluger
       Murphy & McCormack Capital Advisors
       115 Farley Circle, Suite 308
       Lewisburg, PA 17837
       Tel: (570) 524-7253
       Fax: (570) 524-7094
       
                       About Behney Corp.

Based in Lebanon, Pennsylvania, Behney Corp. --
http://www.behneycorp.com/-- is a manufacturer of concrete   
products from a combination of cement and aggregate.

The Debtor sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. M.D. Pa. Case No. 17-01219) on March 29, 2017.  The
petition was signed by Jay M. Behney, president and CEO.  

The case is assigned to Judge Robert N. Opel II.

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


BILL BARRETT: Lines Up Investor Events for June
-----------------------------------------------
An updated corporate presentation for June 2017 was posted on Bill
Barrett Corporation's website at www.billbarrettcorp.com, which is
also available at http://bankrupt.com/misc/06.05.17,on June 5,
2017.

Members of the Company's management are scheduled to participate in
the following investor events:

   June 6, 2017 -  Bank of America Merrill Lynch Energy Credit
                  Conference in New York, NY

   June 8, 2017 - Barclays High Yield Bond & Syndicated Loan
                  Conference in Colorado Springs, CO

  June 20, 2017 - Wells Fargo West Coast Energy Conference in San
                  Francisco, CA

  June 27, 2017 - J.P. Morgan Energy Equity Conference in New
                  York, NY


The Company disclosed first quarter 2017 highlights including:

   * Production of 1.43 MMBoe, high-end of guidance range

   * DJ Basin oil price differential narrowed to a basin
     leading $2.78 per barrel

   * Delivered continued cost improvement as LOE averaged
     $4.09 per Boe

   * Negotiated significant improvement in Utah oil contract
     pricing beginning May 2017

   * Increased balance sheet flexibility with recent issuance
     of senior notes
  
   * Completed bolt-on DJ Basin transactions for ~16,700 net acres

Bill Barrett expects that capital expenditure for 2017 to be in the
range of $255-$285 million.  2017 activitiy is expected to deliver
production growth of 30%-50% in 2018.  The Company estimates that
lease operating expense will be in the range of $27-$30 million and
general and administrative expenses will be between $30 million to
$33 million.

All statements in the presentation, other than statements of
historical fact, may be deemed to be forward-looking statements
within the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended.  Although the Company believes the expectations expressed
in such forward-looking statements are based on reasonable
assumptions, such statements are not guarantees of future
performance and actual results or developments may differ
materially from those in the forward-looking statements.  The
Company disclaims any intention or obligation to update or revise
any forward-looking statements, whether as a result of new
information, future events or otherwise.

                     About Bill Barrett

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

Bill Barrett reported a net loss of $170.4 million on $178.8
million of total operating revenues for the year ended Dec. 31,
2016, compared to a net loss of $487.8 million on $207.9 million of
total operating revenues for the year ended Dec. 31, 2015.

As of March 31, 2017, Bill Barrett had $1.40 billion in total
assets, $842.52 million in total liabilities and $559.22 million in
total stockholders' equity.


BIOLARGO INC: Further Amends 36.1M Shares Resale Prospectus
-----------------------------------------------------------
Biolargo, Inc., filed with the Securities and Exchange Commission
an amended Form S-1 registration statement relating to the sale of
up to 36,090,857 shares of the Company's common stock by persons
who have purchased shares in a series of private placements.

The shares offered under the said prospectus by the selling
stockholders may be sold on the public market, in negotiated
transactions with a broker-dealer or market maker as principal or
agent, or in privately negotiated transactions not involving a
broker dealer.  The prices at which the selling stockholder may
sell the shares may be determined by the prevailing market price of
the shares at the time of sale, may be different than such
prevailing market prices or may be determined through negotiated
transactions with third parties.  The Company will not receive
proceeds from the sale of its shares by the selling stockholders.

Each selling stockholder may be considered an "underwriter" within
the meaning of the Securities Act of 1933, as amended.

Since Jan. 23, 2008, the Company's common stock has been quoted on
the OTC Markets "OTCQB" marketplace (formerly known as the "OTC
Bulletin Board") under the trading symbol "BLGO."  The selling
stockholders will sell up the shares at prices established on the
OTC Bulletin Board during the term of this offering, at prices
different than prevailing market prices or at privately negotiated
prices.

A full-text copy of the Form S-1/A is available for free at:

                      https://is.gd/2mXiy6

                            BioLargo

BioLargo, Inc., is a provider of platform technologies.  The
Company's products are used to eliminate contaminants that threaten
the water, health and quality of life.  Its technology has
commercial applications within several industries.  The Company
focuses on four areas: water treatment; industrial odor control
applications; commercial, household and personal care products
(CHAPP), and advanced wound care.  Its AOS Filter combines iodine,
water filter materials and electrolysis within a water filter
device.  It generates oxidation potential in order to oxidize and
breakdown or otherwise eliminate, soluble organic contaminant,
which are found in contaminated water.

Biolargo reported a net loss of $8.07 million on $281,106 of total
revenue for the year ended Dec. 31, 2016, compared with a net loss
of $5.07 million on $127,582 of total revenue for the year ended
Dec. 31, 2015.  

As of Dec. 31, 2016, Biolargo had $2.11 million in total assets,
$2.88 million in total liabilities, and a total stockholders'
deficit of $770,198.

Haskell & White LLP, in Irvine, California, issued a "going
concern" qualification on the consolidated financial statements for
the year ended Dec. 31, 2016, citing that the Company has incurred
recurring losses, negative cash flows from operations and has
limited capital resources, and a net stockholders' deficit. These
matters raise substantial doubt about the Company's ability to
continue as a going concern.


BRAZIL MINERALS: Incurs $1.73 Million Net Loss in 2016
------------------------------------------------------
Brazil Minerals, Inc., filed with the Securities and Exchange
Commission its annual report on Form 10-K disclosing a net loss of
$1.73 million on $13,323 of revenue for the year ended Dec. 31,
2016, compared to a net loss of $1.87 million on $63,610 of revenue
for the year ended Dec. 31, 2015.

As of Dec. 31, 2016, Brazil Minerals had $1.17 million in total
assets, $1.18 million in total liabilities and a total
stockholders' deficit of $10,507.

B F Borgers CPA PC, in Lakewood, CO, issued a "going concern"
qualification on the consolidated financial statements for the year
ended Dec. 31, 2016, citing that the Company has suffered recurring
losses from operations and has a significant accumulated deficit.
In addition, the Company continues to experience negative cash
flows from operations.  These factors 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/GD6Bpq

                     About Brazil Minerals

Brazil Minerals, Inc., through subsidiaries, mines and sells
diamonds, gold, sand and mortar.  The Company, through
subsidiaries, outright or jointly owns 11 mining concessions and 20
other mineral rights in Brazil, almost all for diamonds and gold.
The Company, through subsidiaries, owns a large alluvial diamond
and gold processing and recovery plant, a sand processing and
mortar plant, and several pieces of earth-moving capital equipment
used for mining as well as machines for sand processing and
preparation of mortar.


BRIGHT MOUNTAIN: Randolph Pohlman Quits as Director
---------------------------------------------------
Dr. Randolph A. Pohlman resigned from the Board of Directors of
Bright Mountain Media, Inc., for personal reasons on June 2, 2017.
Dr. Pohlman had been a member of the Board of Directors since March
2015 and served as the Chairman of the Audit Committee of the
Board.  There were no disagreements between the company and Dr.
Pohlman on any matter related to its operations, policies or
practices, according to a Form 8-K report filed with the Securities
and Exchange Commission.

                       About Bright Mountain

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

Bright Mountain reported a net loss attributable to common
shareholders of $2.94 million on $1.49 million of product sales for
the year ended Dec. 31, 2016, compared to a net loss attributable
to common shareholders of $2.01 million on $1.41 million of product
sales for the year ended Dec. 31, 2015.  

As of March 31, 2017, Bright Mountain had $2.74 million in total
assets, $1.57 million in total liabilities and $1.17 million in
total shareholders' equity.

Liggett & Webb, P.A., in Boynton Beach, Florida, issued a "going
concern" qualification on the consolidated financial statements for
the year ended Dec. 31, 2016, citing that the Company has a net
loss of $2,667,051 and used cash in operations of $1,860,515 and an
accumulated deficit of $8,824,806 at Dec. 31, 2016.  These matters
raise substantial doubt about the Company's ability to continue as
a going concern.


BROWNSVILLE BERG: U.S. Trustee Unable to Appoint Committee
----------------------------------------------------------
An official committee of unsecured creditors has not yet been
appointed in the Chapter 11 case of Brownsville Berg Associates,
Inc., as of June 6, according to a court docket.

                About Brownsville Berg Associates

Brownsville Berg Associates, Inc. filed a Chapter 11 bankruptcy
petition (Bankr. W.D. Pa. Case No. 17-22123) on March 19, 2017.
Jeffrey T. Morris, Esq., at Elliott & Davis, PC serves as
bankruptcy counsel.

The Debtor's assets and liabilities are both below $1 million.


C&C INTERNATIONAL: Taps James Webster as Attorney
-------------------------------------------------
C&C International, LLC seeks authorization from the U.S. Bankruptcy
Court for the District of Arizona to employ James Portman Webster
Law Office, PLC as attorney.

The Debtor requires law firm to:

   (a) represent the Debtor in its Chapter 11 bankruptcy case;

   (b) give the Debtor legal advice with respect to its powers and

       duties as debtor in possession in the continued operation
       of its business and management of its property;

   (c) take necessary action to resolve cash collateral issues;

   (d) represent the Debtor as debtors in possession in connection

       with obtaining a confirmed Plan of Reorganization;

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

   (f) perform all other legal services for debtors as debtors in
       possession which may be necessary herein.

The law firm will be paid at these hourly rates:
    
       James Portman Webster            $250
       Law Clerk/Paralegal              $125
       Legal Assistant                  $75

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

James Portman Webster, managing partner of the law firm, assured
the Court that the firm is a "disinterested person" as the term is
defined in Section 101(14) of the Bankruptcy Code and does not
represent any interest adverse to the Debtor and its estates.

The law firm can be reached at:

       James Portman Webster
       JAMES PORTMAN WEBSTER LAW OFFICE, PLC
       1845 S. Dobson Rd. Ste 201
       Mesa, AZ 85202
       Tel: (480) 464-4667
       Fax: (888) 214-8293
       E-mail: Jim@JPWLegal.com

C & C International, LLC, filed a Chapter 11 bankruptcy petition
(Bankr. D. Ariz. Case No. 17-04027) on April 14, 2017, disclosing
under $1 million in both assets and liabilities.  The Debtor is
represented by James P. Webster, Esq.


CALATLANTIC GROUP: Moody's Rates Proposed $300MM Sr. Notes Ba2
--------------------------------------------------------------
Moody's Investors Service assigned a Ba2 rating to CalAtlantic
Group, Inc.'s proposed $300 million Senior Unsecured Notes due
2027. CalAtlantic's Corporate Family Rating is Ba2 and outlook is
stable.

The anticipated $298 million in net proceeds of the offering will
be used to repay or repurchase the company's 1 1/4% $253 million
Convertible Senior Notes due August 2032. For the remaining portion
of the net proceeds, CalAtlantic is expected to use the funds for
general corporate purposes including land acquisitions. The
Convertible Senior Notes become callable on August 5th, 2017 and
Moody's anticipates the company to call the Notes on August 7th,
2017 since August 5th, 2017 lands on a Saturday. The holders of the
Notes have a put option that they can trigger on August 1st, 2017,
requiring the company to purchase all or any portion of the Notes
for cash at a price equal to 100% of the principal amount.

The following rating actions were taken:

Proposed $300 million Senior Unsecured Notes due 2027, assigned Ba2
(LGD4).

The Ba2 (LGD4) rating on the 1 1/4% $253 million Convertible Senior
Unsecured Notes due 2032 will be withdrawn at the close of this
transaction.

RATINGS RATIONALE

CalAtlantic's Ba2 Corporate Family Rating is supported by its
significant revenue base, geographic diversification, leading
market share position in top MSAs, and a full array of product
offerings in various price points. Formed by the merger of Standard
Pacific and Ryland Group in 2015, CalAtlantic is the fourth largest
homebuilder in the US with $6.5 billion in revenues for the last
twelve months (LTM) ended March 31, 2017. The combined entity has a
geographic footprint spanning from coast to coast in 17 states and
41 MSAs (metropolitan statistical areas). CalAtlantic also has a
wide product offering including entry level, move up, active adult
communities, and luxury homes. The company's credit metrics are
appropriate for the rating category; for the LTM period ended March
31, 2017 homebuilding debt to capitalization ratio stood at 44.6%
and homebuilding EBIT interest coverage of 4.0x. As Moody's
projected, the company has deleveraged slightly below 45% and
Moody's believes that they will remain slightly below 45%
throughout the remainder of this year. Looking into 2018,
CalAtlantic's debt leverage could approach 40% if they don't find
any juicy investment opportunities. At the same time, the rating
considers gross margins that, as for most of the homebuilding
industry, will continue to weaken in 2017. CalAtlantic finished
2016 with gross margins of 21.9% and Moody's expects this metric to
approach 20% in 2017. In the first quarter of 2017, the company
already reported a decline in its gross margin to 20.5%.

CalAtlantic's SGL-2 Speculative Grade Liquidity (SGL) Rating
reflects the company's good liquidity profile and takes into
consideration internal liquidity, external liquidity, covenant
compliance, and alternate liquidity. As of March 31, 2017, the
company had $144 million of unrestricted cash on the balance sheet.
CalAtlantic has a $750 million revolving credit facility that, as
of March 31, 2017, had $643.5 million available to be drawn. The
credit facility is subject to a series of covenants including a
minimum tangible net worth of $1.97 billion, a maximum net
homebuilding leverage ratio of 2.0 to 1.0, and a minimum EBITDA
interest coverage of 1.25x. Moody's projects the company to have
significant cushion under each of these for the next 12 to 18
months. CalAtlantic's debt capital structure is unsecured, giving
it ample alternate liquidity options with its unencumbered land
supply.

The stable outlook reflects that the company's credit metrics are
anticipated to improve over the next 12-18 months as industry
conditions steadily advance.

The ratings could be upgraded if the company's homebuilding debt to
capitalization is sustained below 40%, homebuilding interest
coverage is close to 6.0x, and homebuilding gross margins are well
above 20%.

The ratings could be downgraded if homebuilding debt to
capitalization increases above 50% on a sustained basis,
homebuilding interest coverage falls below 3.5x, there is a
deterioration in profitability or weakening of industry conditions,
or if the company engages in any sizable acquisition and/or
shareholder friendly activities.

The principal methodology used in this rating was Homebuilding And
Property Development Industry published in April 2015.

Headquartered in Irvine, California and formed by the 2015 merger
of Standard Pacific Corp. and The Ryland Group, Inc., CalAtlantic
Group, Inc. constructs and sells single-family attached and
detached homes. The company operates in 17 states and 41 MSAs and
is in the entry-level, move-up, luxury, and active adult segments.
CalAtlantic is the fourth largest homebuilder in the United States
with revenues for the LTM period ended March 31, 2017 of $6.5
billion.


CALATLANTIC GROUP: S&P Rates Proposed $300MM Sr. Notes 'BB'
-----------------------------------------------------------
S&P Global Ratings assigned its 'BB' issue-level rating to
CalAtlantic Group Inc.'s (CAA; BB/Stable/--) proposed issuance of
$300 million senior unsecured notes due 2027.  The recovery rating
on the notes is '3', indicating S&P's expectation of meaningful
(50% to 70%; rounded estimate: 65%) recovery in the event of a
payment default.  S&P expects the company to use the proceeds for
general corporate purposes, which may include acquisition of land
or other home building companies; land development; home
construction; repurchases of common stock; and repayment or
repurchases of debt, including repayment or repurchasing of its 1
1/4% convertible senior notes due August 2032.  S&P's 'BB'
corporate credit rating and stable outlook on the company remain
unchanged.

CAA is a U.S.-based single-family homebuilder and was formed in
October 2015 as the result of a merger between Standard Pacific
Corp. and The Ryland Group.  In 2016, its first post-merger fiscal
year, the company delivered 14,229 homes at an average price of
$447,000 and based on S&P's forecast, it believes the CAA may be
the fourth-largest U.S. homebuilder by home closing volume in 2017.
CAA focuses its product mix on the move-up demographic but also
serves the entry-level and luxury markets, operating in 17 states
across the U.S.

RATINGS LIST

Calatlantic Group Inc.
Corporate Credit Rating               BB/Stable/--

New Rating

Calatlantic Group Inc.
Senior Unsecured
  $300 mil senior notes due 2027       BB
   Recovery Rating                     3(65%)


CARRINGTON FARMS: Has Until July 15 to File Plan of Reorganization
------------------------------------------------------------------
Judge Bruce A. Harwood of the U.S. Bankruptcy Court for the
District of New Hampshire extended the exclusive periods within
which only Carrington Farms Condominium Owners' Association may
file and obtain acceptance of a Plan of Reorganization to July 15,
2017 and September 15, 2017, respectively.

The Troubled Company Reporter reported that the Debtor sought
exclusivity extension, telling the Court its case is still in its
early days. The Debtor also told the Court that it had reached an
agreement with Granite Bank on the continued use of cash collateral
through the end of July 2017. The Debtor said that the cash
collateral discussions forced the Debtor, the Bank and other
parties to take a hard look at the value of the property of the
estate on the Petition Fate, as well as the nature, extent, and
value of the security interests in, to and on the Debtor's
pre-petition property claimed by the Bank and the potential effect
of the application of Bankruptcy Code Sections 506 and 552 and the
liquidation value of the property of the estate.

However, the Debtor contended that it was not able to open the
thumb drive produced by Sequel Development and Management, Inc.
that allegedly contains the books of account and financial records
kept on a Sage accounting despite months of communications and the
efforts of two knowledgeable and experienced accountants, one of
whom has use Sage software since it was known as Peachtree. The
Debtor also contended that developing a shared understanding of
those issues and the accounting records is critical to the
formulation of a plan of reorganization.

In addition, the Debtor told the Court that a Consensual Plan may
be possible based on preliminary discussions among the Debtor, the
Bank, Belletetes Inc. -- which holds a lien of record on property
of the Debtor, junior to the lien of the Bank -- Sequel and other
creditors directed to the Debtor's counsel by Sequel.

The Debtor said that Belletetes had made a preliminary non-binding
compromise proposal that is being seriously considered by the
Debtor. In addition, the Debtor said that it although it had
already discussed a settlement with Sequel, the Parties had not yet
reached any an agreement yet, due to the fact that the Debtor had
not been able to review the Sequel-prepared business and financial
records of the Debtor despite having sought them for years.

Consequently, the Debtor claimed that it need and should be given a
reasonable opportunity to engage in serious, informed and
substantive settlement discussions with all creditors and other
parties in interest.

                      About Carrington Farms
                  Condominium Owners Association

Carrington Farms Condominium Owners' Association, a not for profit,
voluntary association organized under RSA 292, is responsible for
the management and operation of Carrington Farms.  It is managed by
NH Core Properties, LLC., acting through Tom Carroll.  Although it
was administratively dissolved, Carrington Farms Condominium
Owners' Association has applied for reinstatement.

Carrington Farms Condominium Owners' Association filed a Chapter 11
bankruptcy petition (Bankr. D.N.H. Case No. 17-10137) on Feb. 3,
2017.  Gary Woscyna, President, signed the petition.  At the time
of filing, the Debtor estimated $100,000 to $500,000 in assets and
$500,000 to $1 million in liabilities.  William S. Gannon, Esq., at
William S. Gannon PLLC, is serving as counsel to the Debtor.


CHC GROUP: No Interim Approval for $3.9M Class Action Settlement
----------------------------------------------------------------
Cara Mannion, writing for Bankruptcy Law360, reports that U.S.
District Judge Lewis A. Kaplan has refused to grant preliminarily
approval of a $3.9 million settlement that would end a proposed
investor class action against CHC Group Ltd.

According to Law360, Judge Kaplan cited concerns that absent class
members could think "the deck is stacked against them" before they
can object to the agreement.

                      About CHC Group Ltd.

Headquartered in Irving, Texas, CHC Group Ltd. (OTC PINK: HELIQ) is
a global commercial helicopter services company primarily servicing
the offshore oil and gas industry.  CHC maintains bases on six
continents with major operations in the North Sea, Brazil,
Australia, and several locations across Africa, Eastern Europe, and
South East Asia.  CHC maintains a fleet of 230 medium and heavy
helicopters, 67 of which are owned by it and the remainder are
leased from various third-party lessors.

CHC Group Ltd. and 42 of its wholly-owned subsidiaries each filed a
voluntary petition for relief under Chapter 11 of the Bankruptcy
Code (Bankr. N.D. Tex. Case No. 16-31854) on May 5, 2016.

The Debtors hired Weil, Gotshal & Manges LLP as counsel, Debevoise
& Plimpton LLP as special aircraft counsel, PJT Partners LP as
investment banker, Seabury Corporate Advisors LLC as financial
advisor, CDG Group, LLC, as restructuring advisor, and Kurtzman
Carson Consultants LLC as claims and noticing agent.

The Office of the U.S. Trustee on May 13, 2016, appointed five
creditors of CHC Group Ltd. to serve on the official committee of
unsecured creditors.

The Creditors Committee's attorneys are Marcus A. Helt, Esq., and
Mark C. Moore, at Gardere Wynne Sewell LLP, and Douglas H. Mannal,
Esq., Gregory A. Horowitz, Esq., and Anupama Yerramalli, Esq., at
Kramer Levin Naftalis & Frankel LLP.

Angelo, Gordon & Co. and Cross Ocean Partners, which either hold
claims or manage funds and accounts that hold claims against the
Debtors' estates arising on account of the 9.25% Senior Secured
Notes due 2020 issued under the Indenture, dated as of Oct. 4,
2010, by and among CHC Helicopter S.A., as issuer, each of the
guarantors named therein, HSBC Corporate Trustee Company (UK)
Limited, as collateral agent, and the Bank of New York Mellon, as
indenture trustee, are represented by Jones Day.

As reported by the Troubled Company Reporter on March 29, 2017, CHC
Group on March 24, 2017, disclosed that it successfully concluded
its financial restructuring and emerged from Chapter 11 as its
court-confirmed Plan of Reorganization went into effect on March
24, 2017.


CIBER INC: Court Clears $93M Sale of Assets to HTC Global
---------------------------------------------------------
The Hon. Brendan L. Shannon of the U.S. Bankruptcy Court for the
District of Delaware has approved the sale of substantially all of
CIBER, Inc.'s assets relating to the Debtor's North American
business along with 100% of the capital stock in the wholly-owned
non-Debtor subsidiary CIBERsites India Private Limited to HTC
Global Ventures, LLC, free and clear of all liens, claims,
encumbrances and other interests.

Vince Sullivan, writing for Bankruptcy Law360, reports that the
Debtor received court approval for a $93 million sale of its assets
following a successful Chapter 11 auction.

The auction resulted in a sale price high enough to clear all of
the Debtor's secured debt by a wide margin and will leave money to
provide significant recoveries to unsecured creditors, Law360
relates, citing Todd M. Goren, Esq., the attorney for the Debtor.
The report quoted Mr. Goren as saying, "We had an auction and
things went well.  It was a very active auction and as a result we
were able to nearly double the purchase price from $50 million to
$93 million plus the assumption of nearly $30 million in
liabilities by the buyer."

Capgemini America, Inc., is approved as the backup bidder.  The
backup bid is approved and authorized and will remain open up to
the earlier of: (a) the closing of the sale with the Purchaser; and
(b) June 28, 2017, provided that notice has been provided to CG
America by June 8, 2017, that CG America has become the successful
bidder.  In the event that the successful bidder cannot or refuses
to consummate the sale, CG America will be deemed the new
successful bidder and the Debtors will be authorized to close and
take all actions necessary to close, with CG America on the backup
bid without further court order.

A copy of the court order is available at:
   
          http://bankrupt.com/misc/deb17-10772-246.pdf

                        About CIBER Inc.

CIBER, Inc. -- http://www.ciber.com/-- is a global information   
technology consulting, services and outsourcing company.  

CIBER, Inc., and two other affiliates sought bankruptcy protection
on April 9, 2017 (Bankr. D. Del. Lead Case No. 17-10772).  The
petition was signed by Christian Mezger, chief financial officer.


The Debtors disclosed total assets of $334.2 million and total
liabilities of $171.9 million as of Sept. 30, 2016.

The Hon. Brendan Linehan Shannon presides over the case.  

Morrison & Foerster LLP is the Debtors' lead bankruptcy counsel.
Polsinelli, PC, serves as co-counsel while Saul Ewing LLP serves as
local counsel.  The Debtors also hired Houlihan Lokey as investment
banker and financial advisor; Alvarez & Marsal North America, LLC,
as restructuring advisor; and Prime Clerk LLC as noticing and
claims agent.

An official committee of unsecured creditors has been appointed in
the Chapter 11 case.  The committee hired Perkins Coie, LLP as
bankruptcy counsel; Shaw Fishman Glantz & Towbin LLC as co-counsel;
and BDO Consulting as financial advisor.


CITYGOLF: Downtown Payment Increases to $20K Under Latest Plan
--------------------------------------------------------------
CityGolf/Boston, LLC filed with the U.S. Bankruptcy Court for the
District of Massachusetts a second amended disclosure statement
describing its plan of reorganization, dated May 26, 2017.

This new plan provides that the only known administrative claims
are those of the Department of Unemployment Assistance, Downtown
Development and the debtor's attorney, David G. Baker. These
administrative claimants have assented to their treatment in the
plan.

There are also changes in the Plan implementation as the Debtor now
estimates the funds to be distributed to Downtown Development
totals $20,000 on account of its post-petition administrative
claim; a payment of $25,000 to its attorney to be held in escrow
pending approval of a fee application; and $1,100 to the Department
of Unemployment Insurance on account of its post-petition
administrative claim. The Debtor will have sufficient cash on hand
to make the payment required within 14 days of the effective date.

The previous version of the plan stated that the funds to be
distributed to Downtown Development are approximately $10,000 on
account of its administrative claim.

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

    http://bankrupt.com/misc/mab15-12578-161.pdf

                    About CityGolf/Boston

CityGolf/Boston, LLC, is a Massachusetts limited liability
corporation.  Founded in 1997, CityGolf is an indoor practice
facility with, on the petition date, two locations in the heart of
downtown Boston.

The Debtor filed for Chapter 11 bankruptcy protection (Bankr. D.
Mass. Case No. 15-12578) on June 30, 2015, estimating its assets
and liabilities at up to $50,000 each.  David G. Baker, Esq.,
serves as the Debtor's bankruptcy counsel.


CLUB VILLAGE: Exclusive Plan Filing Deadline Moved to Aug. 21
-------------------------------------------------------------
The Hon. Paul G. Hyman, Jr., of the U.S. Bankruptcy Court for the
Southern District of Florida has extended, at the behest of Club
Village, LLC, the exclusive period in which to file a plan and
disclosure statement by 90 days through and including Aug. 21,
2017, and the exclusive period in which to solicit acceptances by
90 days through and including Oct. 23, 2017.

As reported by the Troubled Company Reporter on May 26, 2017, the
Debtor requested the extension of its Exclusivity Periods, saying
that it is still analyzing claims to determine various treatments
and whether a plan will in fact be needed, or whether the Debtor
will seek voluntary dismissal.

                        About Club Village

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

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

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


COLORFX INC: Committee Taps Blakeley as Legal Counsel
-----------------------------------------------------
The official committee of unsecured creditors of ColorFX, Inc.
seeks approval from the U.S. Bankruptcy Court for the Central
District of California to hire legal counsel.

The committee proposes to hire Blakeley LLP to, among other things,
give legal advice regarding its duties under the Bankruptcy Code,
investigate the Debtor's financial condition, assist in any
proposed financing or sale of the Debtor's property, and prepare a
bankruptcy plan.

The hourly rates charged by the firm are:

     Scott Blakeley       $495
     Ronald Clifford      $395
     Other Associates     $295
     Law Clerk            $145
     Paralegal            $145

Blakeley does not hold or represent any interest adverse to the
Debtor or any of its creditors, according to court filings.

The firm can be reached through:

     Scott E. Blakeley, Esq.
     Ronald A. Clifford, Esq.
     Blakeley LLP
     18500 Von Karman Ave, Suite 530
     Irvine, CA 92612
     Tel: (949) 260-0611
     Fax: (949) 260-0613
     Email: SEB@BlakeleyLLP.com
     Email: RClifford@BlakeleyLLP.com

                        About ColorFX Inc.

ColorFX, Inc. is a commercial printer and engages in the production
of full color, printed product utilizing both digital and
traditional litho presses up to 40" size, for both end users, trade
printers and print brokers. It operates primarily as a "trade
printer" with a limited direct sales force of its own, and also has
an extensive e-commerce site to attract web-based customers.  In
addition to printing services, the company offers extensive product
finishing services such as bindery services, direct mail
facilitation, and limited pre-press and design services.

ColorFX, Inc. filed a Chapter 11 bankruptcy petition (Bankr. C.D.
Cal. Case No. 17-10830) on March 31, 2017.  The petition was signed
by Yolanda Avedissin, president.  In its petition, the Debtor
estimated $1 million to $10 million in both assets and liabilities.


The Hon. Victoria S. Kaufman presides over the case.  Lewis R.
Landau, Esq., is counsel to the Debtor.

On May 5, 2017, the Office of the U.S. Trustee appointed an
official committee of unsecured creditors.


CRAPP FARMS: U.S. Trustee Forms 3-Member Committee
--------------------------------------------------
The Office of the U.S. Trustee on June 5 appointed three creditors
to serve on the official committee of unsecured creditors in the
Chapter 11 case of Crapp Farms Partnership.

The committee members are:

     (1) Wyffels Hybrids, Inc.
         Peter L. Britt
         13344 US Highway 6
         Geneseo, IL 61254
         Phone: 309-945-0703
         Email: pbritt@wyffels.com

     (2) Doc Adams Veterinary Service, LLC
         Matthew Adams
         353 S. Jefferson Street         
         Lancaster, WI 53813
         Phone: 608-412-4352
         Email: docadamsvet@gmail.com

     (3) Resource Engineering, Associates, Inc.
         Bob Pofahl
         3510 Parmenter Street, Suite 110
         Middleton, WI 53562-1535
         Phone: 608-819-2773
         Email: bob@reaeng.com

Peter Britt of Wyffels Hybrids, Inc., will serve as acting
chairperson.

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

                  About Crapp Farms Partnership

Crapp Farms Partnership is a large farming operation that includes
growing and selling crops, raising livestock, and providing farm
trucking and excavating services to third-party customers.  The
farming operation is located in Potosi, Wisconsin.

The Debtor sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. W.D. Wis. Case No. 17-11601) on May 3, 2017.  The
petition was signed by Darell C. Crap, partner.  

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

The case is assigned to Judge Catherine J. Furay.


CROSIER FATHERS: Taps Gaskins Bennett as Special Insurance Counsel
------------------------------------------------------------------
Crosier Fathers and Brothers Province, Inc. seeks approval from the
U.S. Bankruptcy Court for the District of Minnesota to hire Gaskins
Bennett Birrell Schupp LLP.

The firm will serve as special insurance counsel to Crosier and its
affiliates Crosier Fathers of Onamia and The Crosier Community of
Phoenix.  

Gaskins will address any insurance-related issues that may arise
during the course of the Debtors' Chapter 11 cases.  The firm will
also assist in documenting insurance-related portions of the
Debtors' agreement with Twin City Fire Insurance Co. and Hartford
Accident and Indemnity Co. to settle a lawsuit filed by the
insurers in a district court in Minnesota.

The hourly rates charged by the firm are:

     Robert Vaccaro     $350
     Ryan Vettleson     $300
     Associates         $225
     Paralegal          $115

Gaskins holds a retainer in the amount of $503.55 for post-petition
services.

Robert Vaccaro, Esq., disclosed in a court filing that his firm
does not hold or represent any interest adverse to the Debtors and
their bankruptcy estates.

The firm can be reached through:

     Robert W. Vaccaro, Esq.
     Gaskins Bennett Birrell Schupp LLP
     333 South Seventh Street, Suite 3000
     Minneapolis, MN 55402-2440
     Toll Free: 866-397-4497
     Local: 612-333-9500

                   About Crosier Fathers and
                     Brothers Province Inc.

Crosier Fathers and Brothers Province, Inc. --
https://www.crosier.org -- is a Minnesota non-profit corporation
that is the civil counterpart of the religious entity known as the
Canons Regular of the Order of the Holy Cross Province of St.
Odilia.

Crosier, Crosier Fathers of Onamia and The Crosier Community of
Phoenix sought protection under Chapter 11 of the Bankruptcy Code
(Bankr. D. Minn. Case No. 17-41681 to 17-41683) on June 1, 2017.
Rev. Thomas Enneking, president, signed the petitions.  

Crosier Fathers and Brothers listed under $1 million in assets and
under $500,000 in liabilities.  Crosier Fathers of Onamia and The
Crosier Community of Phoenix each listed under $10 million in
assets.  Crosier Fathers of Onamia listed under $10 million in
liabilities, while The Crosier Community of Phoenix listed under
$500,000 in debts.

Judge Robert J Kressel presides over the cases.  The Debtors have
hired Quarles & Brady LLP as lead counsel and Larkin Hoffman as
local counsel.  JND Corporate Restructuring has been retained as
claims and noticing agent.

The Debtors also have hired Keegan, Linscott and Kenon, P.C. as
accountant; Gaskins Bennett Birrell Schupp LLP as special insurance
counsel; and Larson King LLP as special litigation counsel in civil
actions filed before the petition date.


CROSIER FATHERS: Taps JND Corporate as Claims and Noticing Agent
----------------------------------------------------------------
Crosier Fathers and Brothers Province, Inc. seeks approval from the
U.S. Bankruptcy Court for the District of Minnesota to retain JND
Corporate Restructuring.

The firm will serve as claims and noticing agent for Crosier and
its affiliates Crosier Fathers of Onamia and The Crosier Community
of Phoenix in connection with their Chapter 11 cases.    

JND will handle noticing involving the Debtors' confidential and
non-confidential master mailing list, and "first-day matters."

The hourly rates charged by the firm are:

     Clerical                     $35 – $45
     Case Assistant               $65 – $85
     IT Manager                 $105 - $125
     Case Consultant            $135 - $145
     Senior Case Consultant     $155 - $165
     Case Director              $175 - $195

JND received a retainer in the amount of $5,000 from the Debtors
prior to their bankruptcy filing.

Travis Vandell, chief executive officer of JND, 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:

     Travis K. Vandell
     JND Corporate Restructuring
     8269 East 23rd Avenue, Suite 275
     Denver, CO 80238
     Phone: 855-812-6112
     Email: info@jndla.com

                   About Crosier Fathers and
                     Brothers Province Inc.

Crosier Fathers and Brothers Province, Inc. --
https://www.crosier.org -- is a Minnesota non-profit corporation
that is the civil counterpart of the religious entity known as the
Canons Regular of the Order of the Holy Cross Province of St.
Odilia.

Crosier, Crosier Fathers of Onamia and The Crosier Community of
Phoenix sought protection under Chapter 11 of the Bankruptcy Code
(Bankr. D. Minn. Case No. 17-41681 to 17-41683) on June 1, 2017.
Rev. Thomas Enneking, president, signed the petitions.  

Crosier Fathers and Brothers listed under $1 million in assets and
under $500,000 in liabilities.  Crosier Fathers of Onamia and The
Crosier Community of Phoenix each listed under $10 million in
assets.  Crosier Fathers of Onamia listed under $10 million in
liabilities, while The Crosier Community of Phoenix listed under
$500,000 in debts.

Judge Robert J Kressel presides over the cases.  The Debtors have
hired Quarles & Brady LLP as lead counsel and Larkin Hoffman as
local counsel.  JND Corporate Restructuring has been retained as
claims and noticing agent.

The Debtors also have hired Keegan, Linscott and Kenon, P.C. as
accountant; Gaskins Bennett Birrell Schupp LLP as special insurance
counsel; and Larson King LLP as special litigation counsel in civil
actions filed before the petition date.


CROSIER FATHERS: Taps Keegan Linscott as Accountant
---------------------------------------------------
Crosier Fathers and Brothers Province, Inc. seeks approval from the
U.S. Bankruptcy Court for the District of Minnesota to hire Keegan,
Linscott and Kenon, P.C.

The firm will serve as accountant to Crosier and its affiliates
Crosier Fathers of Onamia and The Crosier Community of Phoenix in
connection with their Chapter 11 cases.  

The accounting services to be provided include analyzing the
Debtors' operations, developing reorganization and liquidation
models, analyzing financing and financial alternatives for the
Debtors, and assisting them in developing a plan of
reorganization.

The hourly rates charged by the firm are:

     Partner/Director     $335
     Manager              $195
     Supervisor           $160
     Senior               $125
     Associate             $85
     Administrative        $65

Keegan is holding a retainer in the amount of $15,000 for
post-petition services.

Christopher Linscott, accountant and shareholder of Keegan,
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:

     Christopher G. Linscott
     Keegan, Linscott & Kenon, PC
     3443 North Campbell Avenue, Suite 115
     Tucson, AZ 85719
     Phone: (520) 884-0176
     Fax: (480) 374-6100
     Email: info@klkcpa.com

                   About Crosier Fathers and
                     Brothers Province Inc.

Crosier Fathers and Brothers Province, Inc. --
https://www.crosier.org -- is a Minnesota non-profit corporation
that is the civil counterpart of the religious entity known as the
Canons Regular of the Order of the Holy Cross Province of St.
Odilia.

Crosier, Crosier Fathers of Onamia and The Crosier Community of
Phoenix sought protection under Chapter 11 of the Bankruptcy Code
(Bankr. D. Minn. Case No. 17-41681 to 17-41683) on June 1, 2017.
Rev. Thomas Enneking, president, signed the petitions.  

Crosier Fathers and Brothers listed under $1 million in assets and
under $500,000 in liabilities.  Crosier Fathers of Onamia and The
Crosier Community of Phoenix each listed under $10 million in
assets.  Crosier Fathers of Onamia listed under $10 million in
liabilities, while The Crosier Community of Phoenix listed under
$500,000 in debts.

Judge Robert J Kressel presides over the cases.  The Debtors have
hired Quarles & Brady LLP as lead counsel and Larkin Hoffman as
local counsel.  JND Corporate Restructuring has been retained as
claims and noticing agent.

The Debtors also have hired Keegan, Linscott and Kenon, P.C. as
accountant; Gaskins Bennett Birrell Schupp LLP as special insurance
counsel; and Larson King LLP as special litigation counsel in civil
actions filed before the petition date.


CROSIER FATHERS: Taps Larson King as Special Litigation Counsel
---------------------------------------------------------------
Crosier Fathers and Brothers Province, Inc. seeks approval from the
U.S. Bankruptcy Court for the District of Minnesota to retain
Larson King LLP.

The firm will continue to represent Crosier and Crosier Fathers of
Onamia, an affiliate, as special litigation counsel in civil
actions filed before the petition date.

The hourly rates charged by the firm are:

     Partners       $335
     Associates     $225
     Paralegals     $150

William Tipping, Esq., disclosed in a court filing that his firm
does not hold or represent any interest adverse to the Debtors or
their bankruptcy estates.

The firm can be reached through:

     William Tipping, Esq.
     Larson King LLP
     30 East Seventh Street, Suite 2800
     Saint Paul, MN 55101
     Phone: 651-312-6508
     Fax: 651-312-6618
     Toll free: 1-877-373-5501
     Email: btipping@larsonking.com

                   About Crosier Fathers and
                     Brothers Province Inc.

Crosier Fathers and Brothers Province, Inc. --
https://www.crosier.org -- is a Minnesota non-profit corporation
that is the civil counterpart of the religious entity known as the
Canons Regular of the Order of the Holy Cross Province of St.
Odilia.

Crosier, Crosier Fathers of Onamia and The Crosier Community of
Phoenix sought protection under Chapter 11 of the Bankruptcy Code
(Bankr. D. Minn. Case No. 17-41681 to 17-41683) on June 1, 2017.
Rev. Thomas Enneking, president, signed the petitions.  

Crosier Fathers and Brothers listed under $1 million in assets and
under $500,000 in liabilities.  Crosier Fathers of Onamia and The
Crosier Community of Phoenix each listed under $10 million in
assets.  Crosier Fathers of Onamia listed under $10 million in
liabilities, while The Crosier Community of Phoenix listed under
$500,000 in debts.

Judge Robert J Kressel presides over the cases.  The Debtors have
hired Quarles & Brady LLP as lead counsel and Larkin Hoffman as
local counsel.  JND Corporate Restructuring has been retained as
claims and noticing agent.

The Debtors also have hired Keegan, Linscott and Kenon, P.C. as
accountant; Gaskins Bennett Birrell Schupp LLP as special insurance
counsel; and Larson King LLP as special litigation counsel in civil
actions filed before the petition date.


CROSIER FATHERS: Taps Quarles & Brady as Legal Counsel
------------------------------------------------------
Crosier Fathers and Brothers Province, Inc. seeks approval from the
U.S. Bankruptcy Court for the District of Minnesota to hire Quarles
& Brady LLP.

The firm will serve as legal counsel to Crosier and its affiliates
Crosier Fathers of Onamia and The Crosier Community of Phoenix in
connection with their Chapter 11 cases.

The services to be provided by the firm include the negotiation and
preparation of a plan of reorganization, evaluation of the Debtors'
properties, and the prosecution of claims.

The hourly rates charged by the firm are:

     Susan Boswell       $600
     Lori Winkelman      $495  
     Elizabeth Fella     $375
     Bradley Terry       $275
     Paralegal           $200

Quarles & Brady received a retainer in the amount of $200,000.

Susan Boswell, 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:

     Daniel J. Young, Esq.
     Susan G. Boswell, Esq.
     Lori L. Winkelman, Esq.
     Elizabeth S. Fella, Esq.
     Quarles & Brady LLP
     One S. Church Avenue, Suite 1700
     Tucson, AZ 85701
     Phone: (520) 770-8700
     Email: daniel.young@quarles.com
     Email: susan.boswell@quarles.com
     Email: lori.winkelman@quarles.com
     Email: elizabeth.fella@quarles.com

                   About Crosier Fathers and
                     Brothers Province Inc.

Crosier Fathers and Brothers Province, Inc. --
https://www.crosier.org -- is a Minnesota non-profit corporation
that is the civil counterpart of the religious entity known as the
Canons Regular of the Order of the Holy Cross Province of St.
Odilia.

Crosier, Crosier Fathers of Onamia and The Crosier Community of
Phoenix sought protection under Chapter 11 of the Bankruptcy Code
(Bankr. D. Minn. Case No. 17-41681 to 17-41683) on June 1, 2017.
Rev. Thomas Enneking, president, signed the petitions.  

Crosier Fathers and Brothers listed under $1 million in assets and
under $500,000 in liabilities.  Crosier Fathers of Onamia and The
Crosier Community of Phoenix each listed under $10 million in
assets.  Crosier Fathers of Onamia listed under $10 million in
liabilities, while The Crosier Community of Phoenix listed under
$500,000 in debts.

Judge Robert J Kressel presides over the cases.  The Debtors have
hired Quarles & Brady LLP as lead counsel and Larkin Hoffman as
local counsel.  JND Corporate Restructuring has been retained as
claims and noticing agent.

The Debtors also have hired Keegan, Linscott and Kenon, P.C. as
accountant; Gaskins Bennett Birrell Schupp LLP as special insurance
counsel; and Larson King LLP as special litigation counsel in civil
actions filed before the petition date.


CTI BIOPHARMA: Oncology Vet Named to Board After Resignations
-------------------------------------------------------------
CTI BioPharma Corp. announced that David R. Parkinson, M.D., has
been appointed a director of the Company effective June 5, 2017.
Dr. Parkinson has more than 20 years in oncology clinical
development with executive leadership roles at major biotechnology
and pharmaceutical companies.  Additionally, Phillip M. Nudelman,
Ph.D., has resigned as a member of the Board of Directors due to
health reasons.  

Dr. Parkinson will be compensated for his service on the Board in
accordance with the Company's Director Compensation Policy as in
effect from time to time.  In connection with his appointment to
the Board and in accordance with the Company's Director
Compensation Policy as currently in effect, Dr. Parkinson was
granted, effective June 5, 2017, a stock option grant under the
Company's 2017 Equity Incentive Plan to purchase 50,000 shares of
common stock of the Company at a per share exercise price equal to
the closing trading price of a share of the Company's common stock
on the grant date of the award.  The stock options have a maximum
term of ten years from the date of grant and will vest on the first
to occur of (1) June 5, 2018, (2) immediately prior to the first
annual meeting of the Company's shareholders that occurs in 2018
and at which one or more members of the Board are to be elected, or
(3) immediately prior to the occurrence of a Change in Control,
subject to Dr. Parkinson's continued service through such date or
event.

Richard L. Love, a CTI BioPharma director, will act as interim
chairman of the Board until the Board selects a permanent
successor.  Jack W. Singer, M.D., also resigned as a member of the
Board.  Both resignations were effective June 2, 2017.  Dr. Singer
will remain an employee of the Company in his role as executive
vice president, chief scientific officer, interim chief medical
officer and global head of translational medicine.
  
"We are pleased to have David join the Board as his extensive
experience in oncology drug development and regulatory affairs will
be a valuable resource to CTI BioPharma as our programs progress,"
said Adam R. Craig, M.D., Ph.D., president and CEO of CTI
BioPharma.  "We would like to thank Drs. Nudelman and Singer for
their years of service on the Board."

Dr. Parkinson has served as president and chief executive officer
Essa Pharmaceuticals, Inc. since 2016.  Dr. Parkinson has served as
a venture partner at New Enterprise Associates (NEA), Inc. since
2012 and in 2016 moved to the role of venture advisor to NEA.  From
2007 until 2012, Dr. Parkinson served as President and CEO of
Nodality, a biotechnology company focused on the biological
characterization of signaling pathways in patients with malignancy
to enable more effective therapeutics development and clinical
decision-making.  Dr. Parkinson has previously led oncology
clinical development activities at Novartis (1997-2003), Amgen
(2003-2006) and Biogen Idec (2006-2007).  He worked at the National
Cancer Institute from 1990 to 1997, serving as Chief of the
Investigational Drug Branch, and then as Acting Associate Director
of the Cancer Therapy Evaluation Program (CTEP).  Dr. Parkinson is
a past Chairman of the Food & Drug Administration (FDA) Biologics
Advisory Committee, has also served on the FDA’s Science Board,
and is a recipient of the FDA's Cody Medal.  He has held academic
positions both at Tufts and at the University of Texas MD Anderson
Cancer Center, and has authored over 100 peer-reviewed
publications.

"I plan to work closely with management and the Board to help
advance pacritinib forward as a potential treatment for patients
with myelofibrosis as well as their other programs," said Dr.
Parkinson.  "CTI BioPharma is working to address significant unmet
medical needs in key therapeutic areas and I look forward to being
a part of their efforts."

                       About CTI BioPharma

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

CTI Biopharma reported a net loss attributable to common
shareholders of $52 million on $57.40 million of total revenues for
the year ended Dec. 31, 2016, compared to a net loss attributable
to common shareholders of $122.6 million on $16.11 million of total
revenues for the year ended Dec. 31, 2015.

As of March 31, 2017, CTI Biopharma had $44.66 million in total
assets, $55.03 million in total liabilities and a $10.37 million
total shareholders' deficit.  As of March 31, 2017, cash and cash
equivalents totaled $33.3 million, compared to $44.0 million as of
Dec. 31, 2016.

"We will need to continue to conduct research, development, testing
and regulatory compliance activities with respect to our compounds
and ensure the procurement of manufacturing and drug supply
services, the costs of which, together with projected general and
administrative expenses, is expected to result in operating losses
for the foreseeable future.  Additionally, we have resumed primary
responsibility for the development and commercialization of
pacritinib as a result of the termination of the Pacritinib License
Agreement in October 2016, and we will no longer be eligible to
receive cost sharing or milestone payments for pacritinib's
development from Baxalta.  We have incurred a net operating loss
every year since our formation.  As of December 31, 2016, we had an
accumulated deficit of $2.2 billion, and we expect to incur net
losses for the foreseeable future.  Our available cash and cash
equivalents were $44.0 million as of December 31, 2016.  We believe
that our present financial resources, together with payments
projected to be received under certain contractual agreements and
our ability to control costs, will only be sufficient to fund our
operations into the third quarter of 2017. This raises substantial
doubt about our ability to continue as a going concern," the
Company stated in its annual report for the year ended Dec. 31,
2016.


CYRIL LUNN: Sentenced for Multi-Million Dollar Bankruptcy Fraud
---------------------------------------------------------------
A Canadian man was sentenced on June 7, 2017, in federal court in
Worcester, Mass., for concealing $3 million to $4 million in his
bankruptcy filings.

Cyril Gordon Lunn, 69, formerly of Pepperell, Mass., was sentenced
by U.S. District Court Judge Timothy S. Hillman to 18 months in
prison and restitution of $6,339.  Upon the completion of his
sentence, Mr. Lunn will face deportation hearings.  In January
2017, Mr. Lunn pleaded guilty to concealing assets from his
bankruptcy creditors and making a false statement under the penalty
of perjury in one of his bankruptcy schedules.

From 1985 until 2001, Mr. Lunn was the owner of CY Realty
Corporation, a construction and land development business in
Pepperell.  From 1998 to September 2001, Mr. Lunn transferred a
variety of assets belonging to CY Realty and himself, including $3
million to $4 million in cash, from the United States to Canada,
where he deposited some or all of the funds into safe deposit
boxes.  In the fall of 2001, Mr. Lunn filed for bankruptcy for CY
Realty and himself; however, he failed to disclose in either
bankruptcy case the asset transfers, including the millions in
cash.  In addition, Mr. Lunn made a false statement in one of his
bankruptcy filings by stating that he had closed all safe deposit
boxes by September 2001, when in fact, he had failed to disclose a
safe deposit box that he had opened at the Granite Bank in New
Hampshire, and which he continued to access after the bankruptcy
filing.

Mr. Lunn's actions were discovered after he testified about the
asset transfers during a 2004 Canadian civil lawsuit.  In March
2005, Lunn rented a snowmobile in Maine and fled across the border
into Canada where he remained a fugitive until he was extradited
from Canada in 2016.

Acting United States Attorney William D. Weinreb and Harold H.
Shaw, Special Agent in Charge of the Federal Bureau of
Investigation, Boston Field Division, made the announcement June
7.

The U.S. Attorney's Office received assistance from the U.S.
Trustee's Office in Boston and Worcester.  The case is being
prosecuted by Assistant U.S. Attorney Mark J. Balthazard of
Weinreb's Economic Crimes Unit.

                     About Cyril Gordon Lunn

Cyril Gordon Lunn filed under Chapter 7 of the Bankruptcy Code
(Bankr. D. Mass. Case No. 01-46312) in 2001.  He also sent his
company, CY Realty Corporation (Bankr. D. Mass. Case No. 01-45240)
into Chapter 7 bankruptcy.  Mr. Lunn's attorney:

       Charles E. Gilbert, III
       GILBERT & GREIF, P.A.
       82 COLUMBIA STREET
       P.O. BOX 2339
       BANGOR, ME
       Tel: (207) 947-2223
       E-mail: ceg@yourlawpartner.com

Mr. Lunn is a Canadian citizen, but lived in the United States
where he owned a construction business.  He declared bankruptcy in
2001 in the U.S. after a dispute with his common-law partner.

In 2002 he returned to Canada.  In 2004 a criminal investigation
was conducted into his financial dealings.

In 2005, he fled to Canada despite bail conditions barring him from
leaving the U.S.  He was extradited to the United States in 2016.


DAG ROUTE 9W: Taps Robert S. Lewis as Legal Counsel
---------------------------------------------------
Dag Route 9W 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 The Law Offices of Robert S. Lewis, PC
to, among other things, give legal advice regarding its duties
under the Bankruptcy Code, take actions to void liens against its
property, and provide other legal services.

Lewis will be paid an hourly fee of $400 and will receive an
initial payment of $7,500, which includes the filing fee of $1,717.


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

Lewis can be reached through:

     Robert Lewis, Esq.
     Law Office of Robert S. Lewis, PC
     53 Burd Street
     Nyack, NY 10960-3265
     Phone: (845) 358-7100
     Fax: (845) 353-6943
     Email address robert.lewlaw1@gmail.com

                        About Dag Route 9W

Dag Route 9W sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. S.D.N.Y. Case No. 17-22719) on May 12, 2017.  Daniel
Tello, president, signed the petition.  

At the time of the filing, the Debtor estimated assets of less than
$50,000 and liabilities of less than $100,000.

Judge Robert D. Drain presides over the case.


DAVID ZOWINE: Says $27M Jury Verdict Against Him Illegitimate
-------------------------------------------------------------
Cara Salvatore, writing for Bankruptcy Law360, reports that David
Zowine told a California federal appeals court that a $27 million
jury verdict against him is illegitimate after a federal judge
entertained state claims simultaneously being heard by a state
judge.

Mr. Zowine is in a bitter dispute with his former partner, Law360
relates.  Law360 recalls that an Arizona federal jury returned in
2016 a verdict of $11 million in compensatory damages and $16.625
million in punitive damages against Mr. Zowine and associates
involved with Zoel Holding Co.

David T. Zowine and Karina M. Zowine filed for Chapter 11
bankruptcy (Bankr. D. Ariz. Case No. 16-08963) on Aug. 4, 2016.
Mr. Zowine, the former vice president of Zoel Holding Co., a health
care staffing company, filed for bankruptcy after he was hit in
July with a $25 million jury verdict for allegedly duping the
company's ex-president out of his ownership share.


DELCATH SYSTEMS: Q1 2017 Revenue Increased 100% to $740,000
-----------------------------------------------------------
Delcath Systems, Inc., furnished a current report on Form 8-K with
the Securities and Exchange Commission in connection with the
disclosure of information contained in an investor presentation
used by the Company at its 2017 Annual Meeting of Stockholders.

2016/2017 Highlights:

  * 2016 revenue increased 18% to $2.0 million; Q1 2017 increased
    100% to $0.74 million;

  * National reimbursement coverage in Germany under ZE system;

  * 2016 SPA agreement and initiation of Phase 3 Trial in
    treatment of patients with ocular melanoma liver metastases;

  * 2017 SPA agreement with the U.S. Food and Drug Administration
    for pivotal trial in treatment of patients with
    intrahepatic cholangiocarcinoma (ICC);

  * Publication in AJCO of results from single-center
    retrospective review finding that investigational percutaneous
    hepatic perfusion (PHP) with Melphalan/HDS offerred promising
    results with a doubling of overall survival and significantly
    longer progression-free survival (PFS) and hepatic
    progression-free (HPFS) compared with other targeted
    therapies.

The Company expressly disclaims any obligation to update or revise
any of the information contained in the Presentation.

The Presentation is available on the Company's investor relations
website located at delcath.com/investors, although the Company
reserves the right to discontinue that availability at any time.
It is also available on the SEC website at https://is.gd/m6JyWi

                      About Delcath Systems

Delcath Systems, Inc., is an interventional oncology Company
focused on the treatment of primary and metastatic liver cancers.
The Company's investigational product -- Melphalan Hydrochloride
for Injection for use with the Delcath Hepatic Delivery System
(Melphalan/HDS) -- is designed to administer high-dose chemotherapy
to the liver while controlling systemic exposure and associated
side effects.  The Company has commenced a global Phase 3 FOCUS
clinical trial for Patients with Hepatic Dominant Ocular Melanoma
(OM) and a global Phase 2 clinical trial in Europe and the U.S. to
investigate the Melphalan/HDS system for the treatment of primary
liver cancer (HCC) and intrahepatic cholangiocarcinoma (ICC).
Melphalan/HDS has not been approved by the U.S. Food & Drug
Administration (FDA) for sale in the U.S.  In Europe, its system
has been commercially available since 2012 under the trade name
Delcath Hepatic CHEMOSAT Delivery System for Melphalan (CHEMOSAT),
where it has been used at major medical centers to treat a wide
range of cancers of the liver.

Delcath Systems reported a net loss of $17.97 million on $1.99
million of product revenue for the year ended Dec. 31, 2016,
compared to a net loss of $14.70 million on $1.74 million of
product revenue for the year ended Dec. 31, 2015.  As of March 31,
2017, Delcath had $31.03 million in total assets, $31.62 million in
total liabilities and a total stockholders' deficit of $586,000.

Grant Thornton LLP, in New York, issued a "going concern"
qualification on the consolidated financial statements for the year
ended Dec. 31, 2016, citing that the Company has incurred recurring
losses from operations and as of Dec. 31, 2016, has an accumulated
deficit of $279.2 million.  These conditions, along with other
matters, raise substantial doubt about the Company's ability to
continue as a going concern.


DELIVERY AGENT: Agrees to Liquidation Under Chapter 7
-----------------------------------------------------
Delivery Agent, Inc., et al., did not oppose a bid by HALO Branded
Solutions, Inc. to convert the Debtors' Chapter 11 reorganization
cases to cases under Chapter 7 liquidation.  As a result, the Hon.
Laurie Selber Silverstein of the U.S. Bankruptcy Court for the
District of Delaware approved the conversion.

The Debtors have consulted with the Official Committee of Unsecured
Creditors and believe that conversion of the Chapter 11 cases to
cases under Chapter 7 is appropriate.

In anticipation of conversion, the Debtors have taken various
actions to smooth the transition.

The Debtors are working with Connekt (which maintains many of the
Debtors' historical books and records as well as post-petition
information relevant to Chapter 11 case administration) to upload a
full set of historical electronic documents, including bookkeeping
and administrative information, historical emails, and documents
(including board materials and draft financing documents) relating
to the Debtors.  The Debtors anticipate that these documents will
be essential to the Chapter 7 trustee for purposes both of
administration and investigation into claims for relief.

The Debtors have used their best efforts to pay liquidated,
undisputed claims with priority as Chapter 11 administrative claims
as follows:

     a. claims of less than $2,500 have been paid in full;

     b. post-petition governmental claims have been paid in full;
        and

     c. all other undisputed, liquidated Chapter 11 administrative

        claims have been paid at 85% of the outstanding principal
        amount payable.

The Debtors are substantially current in their filings and payments
to the Office of the U.S. Trustee.  Until recently, the Debtors
have paid their undisputed post-petition obligations as they came
due.  In anticipation of the conversion of these cases, and to
assure that a Chapter 7 trustee has adequate resources to perform
his or her duties, starting May 15, 2017, the Debtors have imposed
a 15% holdback on payment of undisputed Chapter 11 administrative
claims (or 20% of fees in the case of professionals for their
monthly fee payments, consistent with the Court's prior orders).

As of the May 19, 2017, the Debtors had these material assets:

     a. "Book" cash of $769,016.59, inclusive of $38,000 of
        restricted deposits held as adequate assurance for
        utilities and $184,761.91 of the Committee's
        "discretionary" cash provided in connection with the
        "primary" sale of the Debtors' assets;

     b. an unliquidated receivable from the purchaser of the
        Debtors' primary assets, Connekt.  The Debtors have had
        productive settlement negotiations with Connekt and kept
        the Committee apprised of those negotiations; and

     c. claims for relief, including avoidance actions.

As of the May 19, 2017, the Debtors had these material
liabilities:

     a. liquidated and undisputed Chapter 11 administrative
        claims, including claims arising under Section 503(b)(9)
        of the Bankruptcy Code, in the total amount of
        $818,354.13.  Over half of this sum represents accrued and

        billed professional fees, and the majority of the
        remainder represents payables to approximately 60 vendors
        as a result of the 15% holdback; and

     b. estimated reserves for (i) conversion-related costs,
        including fees for the Office of the U.S. Trustee and
        archiving costs in the amount of $30,725; (ii) incurred
        but not yet billed or payable professional fees of
        $160,000; (iii) disputed claims, including the claim
        asserted by the movant; and (iv) contingencies including
        Chapter 7 costs of administration.

Unliquidated assets and liabilities are by their nature uncertain.
Having reviewed them, however, the Debtors believe that:

     a. the Debtors' assets should be sufficient to pay all
        Chapter 11 administrative claims even after providing for
        reasonable costs of a Chapter 7 administration; and

     b. using conservative assumptions, there are adequate funds
        to pay or reserve at the 85% level disputed and
        unliquidated Chapter 11 administrative costs while leaving
        in excess of $100,000 of "free" funds available for use by

        the Chapter 7 trustee.

Several of the Debtors' estimates are confidential due to pending
negotiations and litigation.  The Debtors have kept the Committee
apprised of their views and are prepared to share their estimates
and the bases therefore with the Chapter 7 trustee and his or her
counsel.

                  About Delivery Agent, Inc.

Headquartered in San Francisco, California, Delivery Agent, Inc.,
turns audiences into revenue generating customers for brands,
device manufacturers, and media companies worldwide. It offers
ShopTV, a technology that allows audiences to engage with and
transact directly from advertisements and television shows through
Web, mobile, and advanced television applications; a cloud-based
shopping platform, which enables omni-channel commerce for its
clients with simplicity; eCommerce platform for omni-channel
shopping; relevant and personalized product offers to viewers
based on the content they are watching with the help of contextual
database; and advertising solutions.

Delivery Agent, Inc., and affiliates MusicToday, LLC, Clean Fun
Promotional Marketing, Inc., and Shop the Shows, LLC, sought
Chapter 11 protection (Bankr. D. Del. Lead Case No. 16-12051) on
Sept. 15, 2016.

The cases are assigned to Judge Laurie Selber Silverstein.

The Debtors hired Pachulski Stang Ziehl & Jones LLP as local
Counsel; Keller & Benvenutti LLP as general counsel; Arch & Beam
Global, LLC, as financial advisor; and Epiq Bankruptcy Solutions,
LLC, as claims and noticing agent.

Andrew R. Vara, the Acting U.S. Trustee for Region 3, on Sept. 29,
2017, appointed seven creditors of Delivery Agent, Inc., to serve
on the official committee of unsecured creditors.  The Committee
employs Pepper Hamilton LLP as counsel; and Carl Marks Advisory
Group LLC as financial advisors, nunc pro tunc to Oct. 3, 2016.


DELTA MILLING: U.S. Trustee Unable to Appoint Committee
-------------------------------------------------------
An official committee of unsecured creditors has not yet been
appointed in the Chapter 11 case of Delta Milling, LLC, as of June
6, according to a court docket.

                     About Delta Milling, LLC

Delta Milling, LLC filed a Chapter 11 bankruptcy petition (Bankr.
D.Minn. Case No. 17-41372) on May 8, 2017. Thomas J. Flynn, Esq.,
at Larkin Hoffman Daly & Lindgren Ltd. serves as bankruptcy
counsel.

The Debtor's assets and liabilities are both below $1 million.


EASTERN MAINE HEALTHCARE: Moody's Lowers Rating to Ba1; Outlook Neg
-------------------------------------------------------------------
Moody's Investors Service downgrades Eastern Maine Healthcare
Systems' rating to Ba1 from Baa3. This concludes the review for
downgrade initiated on February 16, 2017. The outlook remains
negative. This action affects $393 million of outstanding debt.

The downgrade reflects a material operating loss and budget
shortfall in FY 2016 and lower than expected liquidity, concurrent
with significant risks related to large systems consolidations and
migrations. While management expects long-term benefits from IT
initiatives, potential short-term disruptions include productivity
declines, collections slowdowns and management distraction at a
time when the system faces operating challenges without
demonstrated sustainable improvement. The rating favorably
considers restrictions on capital spending to preserve liquidity,
operating improvement initiatives, new management review processes
to reduce yearend adjustments, and minimal debt structure risks.

Rating Outlook

The negative outlook reflects weak margins and the absence of a
longer track record of improved performance and meeting budgets,
short-term risks related to further consolidation and
standardization of operations, and potential volume and liquidity
disruptions from a major IT installation even with efforts to
minimize risks.

Factors that Could Lead to an Upgrade

Significant and sustained improvement in operating margins

Growth in days cash on hand

Successful execution of or reduced risk related to strategies

Reduction in leverage

Factors that Could Lead to a Downgrade

Inability to improve and sustain higher margins and cashflow to
support capital

Material increase in debt or increase in debt structure risks

Reduced headroom under covenants

Decline in liquidity or absolute unrestricted investments

Dilutive acquisition or merger

Legal Security

The bonds are secured by a pledge of gross receipts of the
obligated group as well as a mortgage lien on facilities. Legal
provisions include additional indebtedness tests and rate covenant
of 1.20 times, as well as a debt service reserve fund. The
obligated group is comprised of approximately 96% of system
revenues.

Use of Proceeds

Not applicable.

Obligor ProfileEastern Maine Healthcare Systems is comprised of 9
hospitals located across Maine, including the flagship Eastern
Maine Medical Center located in Bangor. The system employs over 700
physicians and has the largest geographic footprint in the state.

Methodology

The principal methodology used in this rating was Not-for-Profit
Healthcare Rating Methodology published in November 2015. Please
see the Rating Methodologies page on www.moodys.com for a copy of
this methodology.


EDIFICE GROUP: Taps Lamberth Cifelli as Legal Counsel
-----------------------------------------------------
Edifice Group, 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 Lamberth, Cifelli, Ellis & Nason, P.A.
to, among other things, give legal advice regarding its duties
under the Bankruptcy Code, assist in reviewing claims, and assist
in the preparation of a bankruptcy plan.

The hourly rates charged by the firm range from $200 to $495 per
hour for attorneys, and $110 to $195 per hour for paralegals.

Prior to the Debtor's bankruptcy filing, Lamberth received a
retainer of $10,000, and a filing fee of $1,717.

G. Frank Nason, IV, Esq., disclosed in a court filing that his firm
does not represent any interest adverse to the Debtor's bankruptcy
estate.

The firm can be reached through:

     G. Frank Nason, IV, Esq.
     Lamberth, Cifelli, Ellis & Nason, P.A.
     1117 Perimeter Center West, Suite W212
     Atlanta, GA 30338
     Phone: (404) 262-7373
     Fax: (404) 262-9911

                       About Edifice Group

Edifice Group, Inc. was formed in 2005 with a focus on digital
direct marketing.  Its clients include Fortune 500 and 1000
companies in banking, financial services, healthcare, retail,
utilities and real estate.  Edifice Group is composed of two main
branches, Databilities and Edifice Automotive. In building its
enterprise email delivery platform and database, the Company has
become a Microsoft partner and an Acxiom strategic partner.

Edifice Group filed a Chapter 11 petition (Bankr. N.D. Ga. Case No.
17-59367), on May 30, 2017.  The Debtor is represented by G. Frank
Nason, IV, Esq. at Lamberth, Cifelli, Ellis & Nason, P.A.

No creditors' committee, trustee or examiner has been appointed.


ELECTRONIC SERVICE: Hires William E. Carter as Counsel
------------------------------------------------------
Electronic Service Products Corporation seeks authority from the
U.S. Bankruptcy Court for the District of Connecticut to employ the
Law Office of William E. Carter, LLC, as counsel to the Debtor.

Electronic Service requires William E. Carter to:

   a. advise the Debtor of its rights and obligations during the
      bankruptcy process;

   b. discuss with creditors and creditor counsel prior to and
      during the chapter 11 case;

   c. file appropriate schedules, forms, pleadings and other
      necessary documents during the chapter 11 case;

   d. attend necessary hearings and other court ordered
      scheduling events for the chapter 11 case;

   e. review and advise the Debtor regarding the validity of
      issues asserted during the chapter 11 case;

   f. counsel the Debtor in connection with all aspects of the
      chapter 11 case;

   g. draft and file a chapter 11 disclosure statement and
      chapter 11 plan;

   h. distribute and collect chapter 11 plan ballots, and

   i. perform all other legal bankruptcy services for the Debtor
      which may be necessary during the chapter 11 case.

William E. Carter will be paid on an hourly basis in accordance
with its ordinary and customary hourly rates.

William E. Carter will be paid a retainer in the amount of $10,000,
plus $1,717 filing fee.

William E. Carter will also be reimbursed for reasonable
out-of-pocket expenses incurred.

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

William E. Carter can be reached at:

     William E. Carter, Esq.
     LAW OFFICE OF WILLIAM E. CARTER, LLC
     658 Broad Street
     Meriden, CT 06450
     Tel: (203) 630-1070
     Fax: (203) 889-0242

            About Electronic Service Products Corporation

Founded in 1992, Electronic Service Products Corporation is engaged
in the wholesale distribution of electronic parts and electronic
communications equipment.

Electronic Service Products filed a Chapter 11 petition (Bankr. D.
Conn. Case No. 17-30704) on May 12, 2017.  William Hrubiec, its
president, signed the petition. The Debtor estimated $100,000 to
$500,000 in assets and $1 million to $10 million in liabilities.

The case is assigned to Judge Ann M. Nevins.

The Debtor is represented by William E. Carter, Esq., at the Law
Office of William E. Carter, LLC.


ELEVEN-BAR-SEVEN: Hires Martin Thomas as Bankruptcy Counsel
-----------------------------------------------------------
Eleven-Bar-Seven seeks authority from the U.S. Bankruptcy Court for
the Northern District of Texas to employ Martin Thomas, Esq., as
bankruptcy counsel to the Debtor.

Eleven-Bar-Seven requires Martin Thomas to:

   a. advise and consult with the Debtor concerning legal
      questions arising in administering the reorganization of
      the Debtor's estate and the Debtor's right and remedies in
      connection with the estate's assets and creditors' claims;

   b. assist the Debtor in the formulation of a disclosure
      statement and plan of reorganization and will assist the
      Debtor in obtaining confirmation and consummation of a plan
      of reorganization;

   c. assist the Debtor in preserving and protecting the Debtor's
      estate;

   d. investigate and prosecute preference, fraudulent transfer
      and other actions arising under the Debtor's avoiding
      powers;

   e. prepare any pleadings, motions, answers, notices, orders
      and reports that are required for the orderly
      administration of the Debtor's estate;

   f. represent Debtor in adversary proceedings; and

   g. perform any and all other legal services for the Debtor
      that the Debtor determines are necessary and appropriate to
      faithfully discharge its duties as a debtor in possession.

Martin Thomas will be paid at the hourly rate of $400.

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

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

Martin Thomas, 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.

Martin Thomas can be reached at:

     Martin Thomas, Esq.
     P.O. Box 36528
     Dallas, TX 75235
     Tel: (214) 951-9466

                   About Eleven-Bar-Seven

Eleven-Bar-Seven Ltd., based in Irving, Texas, filed a Chapter 11
petition (Bankr. N.D. Tex. Case No. 17-31273) on April 4, 2017. The
Hon. Harlin DeWayne Hale presides over the case. Martin Keith
Thomas, Esq., serves as bankruptcy counsel.

In its petition, the Debtor estimated $500,000 to $1 million in
assets and $1 million to $10 million in liabilities. The petition
was signed by Phillip Lynn Lloyd, president/owner.


EMMAUS LIFE: Former Co-President Ludlum Inks Separation Agreement
-----------------------------------------------------------------
Emmaus Life Sciences, Inc. and Peter Ludlum, its former
co-president and chief business officer, entered into a separation
agreement and general release pursuant to which Mr. Ludlum's
employment ended as of May 31, 2017, subject to certain statutory
periods during which Mr. Ludlum is entitled to revoke the
separation agreement and general release.

In the separation agreement and general release, the Company has
agreed to continue at its expense Mr. Ludlum's coverage and
benefits under its health insurance plan until May 31, 2020, after
which he will have the right to elect insurance continuation
coverage at his own expense.

The separation agreement and general release includes a general
release by Mr. Ludlum of any and all claims through the date of
execution of the separation agreement, subject to certain normally
excluded claims.

In connection with Mr. Ludlum's separation from the company, the
Company and Mr. Ludlum entered into a consultation agreement dated
June 1, 2017, under which Mr. Ludlum agrees to provide consulting
services to the company during the period ending May 31, 2018.  In
return, the Company has agreed in the consulting agreement to pay
Mr. Ludlum consulting fees of $15,000 per month and to pay or
reimburse Mr. Ludlum for busines-related expenses and other
specified amounts.  The Company also has agreed in the consulting
agreement that Mr. Ludlum's vested stock options as of May 31,
2017, will be exercisable at any time until the respective
expiration dates of the stock options, in each case, without regard
to the termination of his employment.

                     About Emmaus Life

Emmaus Life Sciences, Inc., is engaged in the discovery,
development, and commercialization of treatments and therapies
primarily for rare and orphan diseases.  This biopharmaceutical
company's headquarters is in Torrance, California.

Emmaus reported a net loss of $21.17 million on $461,591 of net
revenues for the year ended Dec. 31, 2016, compared to a net loss
of $13.50 million on $590,114 of net revenues for the year ended
Dec. 31, 2015.  As of Dec. 31, 2016, Emmaus Life had $12.99 million
in total assets, $30.55 million in total liabilities, and a total
stockholders' deficit of $17.56 million.

SingerLewak LLP, in Los Angeles, California, issued a "going
concern" qualification on the consolidated financial statements for
the year ended Dec. 31, 2016, citing that the Company has suffered
recurring losses from operations, its total liabilities exceed its
total assets and it has an accumulated stockholders' deficit.  This
raises substantial doubt about the Company's ability to continue as
a going concern.


ENERGY FUTURE: Court Says No to Elliott's Document Requests
-----------------------------------------------------------
Jeff Montgomery, writing for Bankruptcy Law360, reports that
Elliott Management Corp.'s document requests pressing for an
alternative Chapter 11 solution to Energy Future Holdings Corp.
were blocked.

According to Law360, U.S. Bankruptcy Judge Christopher S. Sontchi
said that the burden outweighed a likely scant return.  Elliott
Management's discovery requests appeared unlikely to produce
material relevant to its complaint, and that relevant findings were
likely to be protected from disclosure, Law360 relates, citing
Judge Sontchi.

                      About Energy Future

Energy Future Holdings Corp., formerly known as TXU Corp., is a
privately held diversified energy holding company with a Portfolio
of competitive and regulated energy businesses in Texas.

Oncor, an 80 percent-owned entity within the EFH group, is the
largest regulated transmission and distribution utility in Texas.

The Company delivers electricity to roughly three million delivery
points in and around Dallas-Fort Worth. EFH Corp. was created in
October 2007 in a $45 billion leverage buyout of Texas power
company TXU in a deal led by private-equity companies Kohlberg
Kravis Roberts & Co. and TPG Inc.

On April 29, 2014, Energy Future Holdings and 70 affiliated
companies sought Chapter 11 bankruptcy protection (Bankr. D. Del.
Lead Case No. 14-10979) after reaching a deal with some key
financial stakeholders to keep its businesses operating while
reducing its roughly $40 billion in debt.

The Debtors' cases have been assigned to Judge Christopher S.
Sontchi (CSS).

As of Dec. 31, 2013, EFH Corp. reported assets of $36.4 billion in
book value and liabilities of $49.7 billion.  The Debtors have $42
billion of funded indebtedness.

EFH's legal advisor for the Chapter 11 proceedings is Kirkland &
Ellis LLP, its financial advisor is Evercore Partners and its
restructuring advisor is Alvarez & Marsal.  The TCEH first lien
lenders supporting the restructuring agreement are represented by
Paul, Weiss, Rifkind, Wharton & Garrison, LLP as legal advisor,
and Millstein & Co., LLC, as financial advisor.

The EFIH unsecured creditors supporting the restructuring
Agreement are represented by Akin Gump Strauss Hauer & Feld LLP,
as legal advisor, and Centerview Partners, as financial advisor.
The EFH equity holders supporting the restructuring agreement are
represented by Wachtell, Lipton, Rosen & Katz, as legal advisor,
and Blackstone Advisory Partners LP, as financial advisor.  Epiq
Systems is the claims agent.

Wilmington Savings Fund Society, FSB, the successor trustee for
The second-lien noteholders owed about $1.6 billion, is
Represented by Ashby & Geddes, P.A.'s William P. Bowden, Esq., and
Gregory A. Taylor, Esq., and Brown Rudnick LLP's Edward S.
Weisfelner, Esq., Jeffrey L. Jonas, Esq., Andrew P. Strehle, Esq.,

Jeremy B. Coffey, Esq., and Howard L. Siegel, Esq.  An Official
Committee of Unsecured Creditors has been appointed in the case.
The Committee represents the interests of the unsecured creditors
of only Energy Future Competitive Holdings Company LLC; EFCH's
direct subsidiary, Texas Competitive Electric Holdings Company LLC;
and EFH Corporate Services Company, and of no other debtors.  The
Committee has selected Morrison & Foerster LLP and Polsinelli PC
for representation in this high-profile energy restructuring.  The
lawyers working on the case are James M. Peck, Esq., Brett H.
Miller, Esq., and Lorenzo Marinuzzi, Esq., at Morrison & Foerster
LLP; and Christopher A. Ward, Esq., Justin K. Edelson, Esq.,
Shanti M. Katona, Esq., and Edward Fox, Esq., at Polsinelli PC.

                       *     *     *

In December 2015, the Bankruptcy Court confirmed the Debtors'
reorganization plan, which contemplated a tax-free spin of the
company's competitive businesses, including Luminant and TXU
Energy, and the $20 billion sale of its holdings in non-debtor
electricity transaction unit Oncor Electric Delivery Co. to a
consortium of investors.  But the Plan became null and void after
certain first lien creditors notified the occurrence of a "plan
support termination event."

The Debtors filed a new plan of reorganization on May 1, 2016, as
subsequently amended.  The new Chapter 11 plan features
alternative options for dealing with the Company's stake in
electricity transmission unit Oncor.

On Aug. 29, 2016, Judge Sontchi confirmed the Chapter 11 exit
plans of two of Energy Future Holdings Corp.'s subsidiaries, power
generator Luminant and retail electricity provider TXU Energy Inc.
(the "T-Side Debtors").  The Plan became effective on Oct. 3,
2016.

On Sept. 21, 2016, the Debtors filed the E-Side Plan and the
Disclosure Statement for the Fourth Amended Joint Plan of
Reorganization of Energy Future Holdings Corp., et al., pursuant
to Chapter 11 of the Bankruptcy Code as it applies to the EFH
Debtors and EFIH Debtors.


ENVIRO BUILDERS: Taps Boyer Law Firm as Legal Counsel
-----------------------------------------------------
Enviro Builders, LLC seeks approval from the U.S. Bankruptcy Court
for the Middle District of Georgia to hire legal counsel in
connection with its Chapter 11 case.

The Debtor proposes to hire Boyer Law Firm, LLC to give legal
advice regarding its duties under the Bankruptcy Code, conduct
examinations, and provide other legal services.

Wesley Boyer, Esq., the attorney designated to represent the
Debtor, will charge an hourly fee of $340.  

The Debtor paid a pre-bankruptcy advance deposit of $10,000.

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

The firm can be reached through:

     Wesley J. Boyer, Esq.
     Boyer Law Firm, L.L.C.
     348 Cotton Avenue, Suite 200
     Macon, GA 31201
     Tel: 478-742-6481
     Email: wjboyer_2000@yahoo.com
     Email: Wes@WesleyJBoyer.com

                    About Enviro Builders LLC

Enviro Builders, LLC is a building contractor whose principal
assets are located at 345 Airport Road, Montezuma, Georgia.

Based in Elko, Georgia, Enviro Builders sought protection under
Chapter 11 of the Bankruptcy Code (Bankr. M.D. Ga. Case No.
17-50883) on April 26, 2017.  Wendell J. Kersey, Sr., managing
member, signed the petition.  

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 previously filed for bankruptcy protection on (Bank.
M.D. Ga. Case No. 14-52558) on Oct. 24, 2014.


FINJAN HOLDINGS: BCPI I's Stock Ownership Down to 21.1%
-------------------------------------------------------
In an amended Schedule 13D filed with the Securities and Exchange
Commission, BCPI I, L.P., BCPI Partners I, L.P., BCPI Corporation,
Michael Eisenberg and Arad Naveh disclosed that as of May 25, 2017,
they beneficially owned 4,887,012 shares of common stock, par value
$0.0001 per share, of Finjan Holdings, Inc., representing 21.1
percent of the shares outstanding.  

The percentage was calculated based upon 23,170,677 shares of
Common Stock reported to be outstanding as of May 8, 2017, as
reported by the Issuer on Form 10-Q for the period ended March 31,
2017 as filed with the Securities and Exchange Commission on
May 11, 2017.

BCPI I sold an aggregage of 329,508 shares of the Company's Common
Stock on the open market from April 27, 2017, through May 26,
2017.

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

                    https://is.gd/r5m9yt

                        About Finjan

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

Finjan reported a net loss attributable to common stockholders of
$6.43 million for the year ended Dec. 31, 2016, compared to a net
loss attributable to common stockholders of $12.60 million for the
year ended Dec. 31, 2015.  As of Dec. 31, 2016, Finjan had $18.30
million in total assets, $3.93 million in total liabilities, $13.48
million in redeemable preferred stock and $886,000 in total
stockholders' equity.


FOLTS HOME: Exclusive Plan Filing Period Extended to Oct. 14
------------------------------------------------------------
The Hon. Diane Davis of the U.S. Bankruptcy Court for the Northern
District of New York has extended, at the behest of Folts Home, et
al., the Debtors' exclusive periods to file and solicit acceptances
of a chapter 11 plan until Oct. 14, 2017, and Dec. 13, 2017,
respectively.

                         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.

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.  

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 a Court order.  The
petitions were signed by Dr. Anthony E. Piana, chairman, Board of
Directors. The cases are assigned to Judge Diane Davis.  The
Debtors tapped Stephen A. Donato, Esq. and Camille Wolnik Hill,
Esq. at Bond, Schoeneck & King, PLLC, as counsel; and CohnReznick
Capital Markets Securities, LLC as investment banker.  At the time
of filing, Folts Home listed assets and liabilities between $10
million and $50 million.

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 patient care ombudsman for the Debtors.

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.  The receivers tapped Koch & Schmidt, LLC,
and Hancock Estabrook, LLP, as professionals to advise the Receiver
during the pendency of the Chapter 11 case.


GASTAR EXPLORATION: Names Stephen Robert SVP and COO
----------------------------------------------------
Gastar Exploration Inc. announced that Stephen P. Roberts has
joined Gastar as senior vice president and chief operating officer
effective June 5, 2017.

Mr. Roberts joins Gastar from Jones Energy, Inc. where he served as
a senior vice president over the Anadarko and Arkoma asset groups
and as senior vice president of Drilling and Completions. During
his 19-year tenure with Jones Energy, he was directly responsible
for the drilling and completion of over 700 horizontal wells in
seven different formations and led the efforts that established
Jones Energy as the recognized lowest cost operator in the Texas
Panhandle.  Prior to joining Jones Energy, he held various
positions of increasing responsibility with Marathon Oil
Corporation and Samson Resources Corporation.  Mr. Roberts holds a
B.S. degree in Petroleum Engineering and a M.B.A. in Finance from
Texas Tech University.

J. Russell Porter, Gastar's president and CEO, commented, "We are
excited that Stephen has chosen to join Gastar to lead our
operational efforts.  Over his 29-year career in the energy
industry, he has established a legacy of building strong
operational teams, including both technical and field staff, which
have delivered unsurpassed results year after year.  Stephen will
be responsible for Gastar's operating activity as we continue to
de-risk and delineate the various productive formations on our
62,600 net acre STACK position."

Mr. Roberts commented, "I am delighted to join Gastar and lead the
operations team in pursuit of operational excellence as we further
exploit a very exciting asset base in the STACK play.  Over the
last year, Gastar has accumulated valuable well data that will
benefit our efforts to effectively progress the delineation
program.  I am confident that we will be able to improve production
results and reduce operating costs as Gastar transitions into a
more active phase in its evaluation of its STACK position."

In connection with the appointment of Mr. Roberts, the Company
granted him 1,500,000 restricted stock units in the Company.  The
Restricted Units were granted in place of restricted common stock
in the Company.  At an undetermined date in the future and subject
to shareholder approval of an increase in the share limit under the
Gastar Exploration Inc. Long-Term Incentive Plan, the Restricted
Units will be converted to shares of restricted common stock in the
Company that will vest in three equal annual installments beginning
on June 5, 2018.  The Company intends to enter into an employment
agreement with Mr. Roberts in the near future in connection with
his appointment.

                   About Gastar Exploration

Houston, Texas-based Gastar Exploration Inc. --
http://www.gastar.com/-- is an independent energy company engaged
in the exploration, development and production of oil, condensate,
natural gas and natural gas liquids in the United States.  Gastar's
principal business activities include the identification,
acquisition, and subsequent exploration and development of oil and
natural gas properties with an emphasis on unconventional reserves,
such as shale resource plays.  

Gastar reported a net loss attributable to common stockholders of
$103.53 million on $58.25 million of total revenues for the year
ended Dec. 31, 2016, compared to a net loss attributable to common
stockholders of $473.98 million on $107.29 million of total
revenues for the year ended Dec. 31, 2015.

The Company's balance sheet as of Dec. 31, 2016, showed $300.20
million in total assets, $440.63 million in total liabilities and a
total stockholders' deficit of $140.43 million.

                         *      *      *

In March 2017, S&P Global Ratings affirmed its 'CCC-' corporate
credit rating, with a negative outlook, on U.S.-based oil and gas
exploration and production company Gastar Exploration Inc.
Subsequently, S&P withdrew all its ratings on Gastar at the
issuer's request.

As reported by the TCR on April 14, 2017, Moody's Investors Service
has withdrawn all assigned ratings for Gastar Exploration Inc.,
including the Caa3 Corporate Family Rating, following the
elimination of all of its rated debt.


GOD'S CHARIOTS: Taps Anthony M. Vassallo as Legal Counsel
---------------------------------------------------------
God's Chariots To The Heavenly Highway Inc. seeks approval from the
U.S. Bankruptcy Court for the Southern District of New York to hire
legal counsel.

The Debtor proposes to hire the Law Office of Anthony M. Vassallo
to give legal advice regarding its duties under the Bankruptcy
Code, and provide other legal services related to its Chapter 11
case.

Anthony Vassallo, Esq., will be paid an hourly fee of $300 for his
services.  The firm's associates and attorneys serving as of
counsel will charge $250 per hour while its legal assistants will
charge $85 per hour.  

Mr. Vassallo disclosed in a court filing that his firm has no
connection to the creditors of the Debtor or their counsel.

The firm can be reached through:

     Anthony M. Vassallo, Esq.
     Law Office of Anthony M. Vassallo
     305 Fifth Avenue
     Brooklyn, NY 11215
     Tel: (347) 464-8277
     Fax: (866) 334-9752
     Email: info@amvasslaw.com

                   About God's Chariots To The
                      Heavenly Highway Inc.

God's Chariots To The Heavenly Highway Inc. is a religious
corporation that was formed in early 2014.  It holds title to the
property, which has eight commercial units, located at 844 St.
Ann's Avenue in Bronx County.  

The Debtor sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. S.D.N.Y. Case No. 16-13585) on December 27, 2016.
Bernel-Arthur Richardson, administrator, signed the petition.  

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


GRACIOUS HOME: Hires Citrin Cooperman as Tax Advisor
----------------------------------------------------
Gracious Home LLC, et al., seek authority from the U.S. Bankruptcy
Court for the Southern District of New York to employ Citrin
Cooperman & Company, LLP, as tax advisor to the Debtors.

Gracious Home requires Citrin Cooperman to prepare the Debtors'
2016 Federal, State and Local business income tax returns.

Citrin Cooperman will be paid at these hourly rates:

     Partners              $500-$625
     Directors             $350-$430
     Staff                 $170-$360

As of the Petition Date, Citrin Cooperman holds a prepetition claim
against the Debtors in the amount of $131,152 for amounts owed for
services rendered. If retained, Citrin Cooperman will waive the
pre-petition amounts owed by the Debtors.

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

Robert A. Modansky, partner of Citrin Cooperman & Company, LLP,
assured the Court that the firm is a "disinterested person" as the
term is defined in Section 101(14) of the Bankruptcy Code and does
not represent any interest adverse to the Debtors and their
estates.

Citrin Cooperman can be reached at:

      Robert A. Modansky
      CITRIN COOPERMAN & COMPANY, LLP
      529 Fifth Avenue
      New York, NY 10017
      Tel: (212) 697-1000
      Fax: (212) 697-1004

                   About Gracious Home LLC

Founded in 1963, Gracious Home LLC began as a small neighborhood
hardware store on Manhattan's Upper East Side. Today, Gracious Home
operates a housewares and home furnishings business at various
leased retail store and warehouse locations and an internet-based
business, all under the name "Gracious Home." Its retail locations
are located at:

  (a) 1992 Broadway, New York, NY 10023;
  (b) 1210-1220 Third Avenue, New York, NY;
  (c) 1201 Third Avenue, New York, NY 10021; and
  (d) 45 West 25th Street, New York, NY 10010.

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

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

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


GULFMARK OFFSHORE: Hires KPMG as Auditor and Advisor
----------------------------------------------------
Gulfmark Offshore, Inc., seeks authorization from the U.S.
Bankruptcy Court for the District of Delaware to employ KPMG LLP as
auditor and advisor for Debtor, nunc pro tunc to May 17, 2017.

The Debtor requires KPMG to:

   Audit and Advisory Services

       a. audit of consolidated balance sheets of the Debtor as of
December 31, 2017 and 2016 , the related consolidated statements of
operations, stockholder’s equity and comprehensive loss, and cash
flows for each of the years in the three-year period ended December
31, 2017 and the related notes to the financial statements and
audit of internal control over financial reporting as of December
31, 2017;

       b. statutory audit services for the year ended December 31,
2017 for Singapore, Norway, United Kingdom, Malta, Mexico,
Trinidad, Malaysia and Labuan, and Cyprus;

       c. bankruptcy assistance including but not limited to the
following:

            i. Debt restructuring activities;
           ii. Accounting considerations during and upon emergence
from bankruptcy;
          iii. Fresh start accounting assistance;
           iv. Valuation of assets and liabilities on emergence
from bankruptcy; and
            v. Income tax matters arising as a result of
bankruptcy.

KPMG will also provide other consulting, advice, research,
planning, and analysis regarding audit and advisory services as may
be necessary, desirable or requested from time to time.

The Debtor will pay KPMG for the Services under the Engagement
Letters for a fixed fee of $925,486.

During the 90-day period prior to the Commencement Date, KPMG
received $583,182.63 from the Debtor for professional services
performed and expenses incurred.

KPMG and the Debtors have agreed that KPMG will receive hourly
rates for any services outside the scope of the audit in accordance
with these hourly rates:

      Partners                       $900-$1,275
      Senior Managers                $750-$1,150
      Managers                       $1,050
      Senior Associates              $550-$775
      Associates                     $375-$475

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

John C. Christopher, CPA, partner of KPMG LLP, assured the Court
that the firm is a "disinterested person" as the term is defined in
Section 101(14) of the Bankruptcy Code and does not represent any
interest adverse to the Debtor and its estates.

KPMG may be reached at:

      John C. Christopher, CPA
      KPMG LLP
      811 Main Street, Suite 4500
      Houston, TX 77002
      Tel: (713) 319-2000
      Fax: (713) 319-2041

                              About Gulfmark Offshore

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.

GulfMark Offshore, Inc. filed for bankruptcy protection (Bankr. D.
Del., Case No. 17-11125) on May 17, 2017.  Quintin V. Kneen,
president and chief executive officer, signed the petition.

As of March 31, 2017, the Debtor listed total assets of $1.07
billion and total debt of $737,131,000.

Mark D. Collins, Esq., Zachary I. Shapiro, Esq., Brett M. Haywood,
Esq. and Christopher M. De Lillo, Esq., of Richards, Layton &
Finger, P.A., as well as Gary T. Holtzer, Esq., Ronit J. Berkovish,
Esq., and Debora A. Hoehne, Esq., of Weil Gotshal & Manges LLP
serve as counsel to the Debtor.  The Debtor has also tapped Blank
Rome LLP as corporate counsel; Alvarez & Marsal North America, LLC
as financial advisor; Evercore Group L.L.C. as investment banker;
Ernst & Young LLP as restructuring consultant; KPMG US LLP as
auditor and tax consultant; and Prime Clerk LLC as claims and
noticing agent.


GULFMARK OFFSHORE: Hires Prime Clerk as Administrative Advisor
--------------------------------------------------------------
Gulfmark Offshore, Inc., seeks authorization from the U.S.
Bankruptcy Court for the District of Delaware to employ Prime
Clerk, LLC as administrative advisor to the Debtor, nunc pro tunc
to May 17, 2017.

The Debtor requires Prime Clerk to:

     a. 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;

     b. prepare an official ballot certification and, if necessary,
testify in support of the ballot tabulation results;

     c. assist with the preparation of the Debtor's schedules of
assets and liabilities and statements of financial affairs and
gather data in conjunction therewith;

     d. provide a confidential data room, if requested;

     e. manage and coordinate any distributions pursuant to a
chapter 11 plan; and

     f. provide such other processing, solicitation, balloting and
other administrative services described in the Engagement
Agreement, but not included in the Section 156(c) Application, as
may be requested from time to time by the Debtor, the Court or the
Office of the Clerk of the Bankruptcy Court (the "Clerk").

Prime Clerk will be paid at these rates:

Claim and Noticing Rates

    Analyst                                     $30-$50
    Technology Consultant                       $35-$95
    Consultant/Senior Consultant                $70-$170
    Director                                    $175-$195
    Chief Operating Officer and
       Executive Vice President                 No charge

Solicitation, Balloting and Tabulation Rates
   
   Solicitation Consultant                      $190
   Director of Solicitation                     $220

Printing and Noticing Services
  
   Printing                                     $0.10 per page
   Customization/Envelope Printing              $0.05 each
   Document folding and inserting               No charge
   Postage/Overnight Delivery                   Preferred Rates
   E-mail Noticing                              No charge
   Fax Noticing                                 0.10 per page
   Proof of Claim Acknowledgment Card           0.10 per page
   Envelopes                                    Vary by Size

Newspaper and Legal Notice Publishing
    Coordinate and publish
    legal notices                               Available on
request

Case Website
    Case Website setup                          No charge
    Case Website hosting                        No charge
    Update case docket and claims register      No charge

Client Access
    Access to secure client
       login (unlimited users)                  No charge
    Client customizable reports on demand
       or via scheduled email
       delivery (unlimited quantity)            No charge
    Real time dashboard analytics
       measuring claim and
       ballot information and       
       document processing status               No charge

Data Administration and Management

    Inputting proofs of claim
        and ballots                            Standard hourly
rates
    Electronic Imaging                         $0.12 per image
    Data Storage, maintenance and security     $0.10/record/month
    Virtual Data Rooms                         Available on
request

On-line Claim Filing Services

    On-line claim filing                        No charge

Call Center Services
    Case-specific voice-mail box                No charge
    Interactive Voice Response (“IVR”)          No charge
    Monthly maintenance                         No charge
    Call center personnel                       Standard Hourly
Rates
    Live chat                                   Standard Hourly
Rates

Disbursement Services
    Check issuance and/or Form 1099             Available on
request
    W-9 mailing and maintenance
       of TIN database                          Standard hourly
rate

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

Michael J. Frishberg, co-president and chief operating offices of
Prime Clerk LLC, assured the Court that the firm is a
"disinterested person" as the term is defined in Section 101(14) of
the Bankruptcy Code and does not represent any interest adverse to
the Debtors and their estates.

Prime Clerk may be reached at:

      Michael J. Frishberg
      Prime Clerk LLC
      830 3rd Avenue, 9th floor
      New York, NY 10022
      Tel: (212) 257-5445
      E-mail: mfrishberg@primeclerk.com

                About Gulfmark Offshore

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.

GulfMark Offshore, Inc. filed for Chapter 11 bankruptcy protection
(Bankr. D. Del. Case No. 17-11125) on May 17, 2017.  Quintin V.
Kneen, president and chief executive officer, signed the petition.

As of March 31, 2017, the Debtor listed total assets of $1.07
billion and total debt of $737,131,000.

Mark D. Collins, Esq., Zachary I. Shapiro, Esq., Brett M. Haywood,
Esq. and Christopher M. De Lillo, Esq., of Richards, Layton &
Finger, P.A., as well as Gary T. Holtzer, Esq., Ronit J. Berkovish,
Esq., and Debora A. Hoehne, Esq., of Weil Gotshal & Manges LLP
serve as counsel to the Debtor.  The Debtor has also tapped Blank
Rome LLP as corporate counsel; Alvarez & Marsal North America, LLC
as financial advisor; Evercore Group L.L.C. as investment banker;
Ernst & Young LLP as restructuring consultant; KPMG US LLP as
auditor and tax consultant; and Prime Clerk LLC as claims and
noticing agent.


GULFMARK OFFSHORE: Hires Richards Layton as Co-Counsel
------------------------------------------------------
Gulfmark Offshore, Inc., seeks authorization from the U.S.
Bankruptcy Court for the District of Delaware to employ Richards,
Layton & Finger, PA as co-counsel for the Debtor, nunc pro tunc to
May 17, 2017.

The Debtor requires Richards Layton to:

     a. advise the Debtors of their rights, powers and duties as
debtors and debtors in possession under chapter 11 of the
Bankruptcy Code;

     b. take action to protect and preserve the Debtors' estates,
including the prosecution of actions on the Debtors' behalf, the
defense of actions commenced against the Debtors in these chapter
11 cases, the negotiation of disputes in which the Debtors are
involved and the preparation of objections to claims filed against
the Debtors;

     c. assist in preparing on behalf of the Debtors all motions,
applications, answers, orders, reports and other papers in
connection with the administration of the Debtors' estates;

     d. prosecute the Prepackaged Plan on behalf of the Debtors
and/or any chapter 11 plan that may be proposed by the Debtors and
seeking approval of all transactions contemplated therein and in
any amendments thereto; and

     e. perform other necessary or desirable legal services in
connection with these chapter 11 cases.

In addition to those services, Richards Layton may perform all
other services assigned  by the Debtor, in consultation with Weil,
Gotshal & Manges LLP, to Richards Layton.

Richards Layton lawyers who will work on the Debtor's cases and
their hourly rates are:

     Mark D. Collins                    $900
     Zachary I. Shapiro                 $560
     Brett M. Haywood                   $385
     Christopher M. De Lillo            $320
     Rebecca V. Speaker                 $250

Richards Layton professionals hourly rates:

     Directors                          $660-$900
     Counsel                            $560-$575
     Associates                         $320-$550
     Paraprofessionals                  $250

Prior to the Petition Date, the Debtors paid Richards Layton total
payments in the amount of $125,000.

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

Mark D. Collins, Esq., director of the firm of Richards, Layton &
Finger, PA, 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.

The Debtor also has filed, or expect to file, applications to
employ: (i) Weil, as lead bankruptcy counsel to the Debtor; (ii)
Alvarez & Marsal North America, LLC, as financial advisor to the
Debtor; (iii) Evercore Group L.L.C., as investment banker for the
Debtor; (iv) Prime Clerk LLC, as the Debtor’s claims, noticing
and administrative agent; (v) Blank Rome LLP, as maritime counsel;
(vi) Ernst & Young LLP, as restructuring tax advisors; and (vii)
KPMG, as auditor.

RL&F may be reached at:

      Mark D, Collins, Esq.
      Richards, Layton & Finger, PA
      One Rodney Square
      920 North King Street
      Wilmington, DE 19801
      Tel: 302.651.7531
      Fax: 302.498.7701
      E-mail: collins@rlf.com

                    About Gulfmark Offshore

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.

GulfMark Offshore, Inc. filed for bankruptcy protection (Bankr. D.
Del., Case No. 17-11125) on May 17, 2017.  Quintin V. Kneen,
president and chief executive officer, signed the petition.

As of March 31, 2017, the Debtor listed total assets of $1.07
billion and total debt of $737,131,000.

Mark D. Collins, Esq., Zachary I. Shapiro, Esq., Brett M. Haywood,
Esq. and Christopher M. De Lillo, Esq., of Richards, Layton &
Finger, P.A., as well as Gary T. Holtzer, Esq., Ronit J. Berkovish,
Esq., and Debora A. Hoehne, Esq., of Weil Gotshal & Manges LLP
serve as counsel to the Debtor.  The Debtor has also tapped Blank
Rome LLP as corporate counsel; Alvarez & Marsal North America, LLC
as financial advisor; Evercore Group L.L.C. as investment banker;
Ernst & Young LLP as restructuring consultant; KPMG US LLP as
auditor and tax consultant; and Prime Clerk LLC as claims and
noticing agent.


GV HOSPITAL: U.S. Trustee Amends Committee Appointment Notice
-------------------------------------------------------------
The Office of the U.S. Trustee on June 5 filed an amended notice of
appointment of the official committee of unsecured creditors in the
Chapter 11 cases of GV Hospital Management, LLC, and its
affiliates.

The bankruptcy watchdog announced that these unsecured creditors
serve as members of the committee:

     (1) AB Staffing Solutions, LLC
         Attn: Evan Burks
         3451 S. Mercy Road, Suite 102
         Gilbert, AZ 85297
         Phone: 480-503-8910
         Email: JHulsizer@ABStaffing.com

     (2) Southern AZ Anesthesia Services PC
         Attn: David M. Joseph, MD
         3390 N, Campbell, #110
         Tucson, AZ 85719
         Phone: 520-241-1882
         Fax: 888-723-2341
         Email: dmjosephmd@gmail.com

     (3) Empire Southwest, LLC
         Attn: Stacey Kelly and John Helms
         1725 South Country Club Drive
         Mesa, AZ 85210
         Phone: 480-633-4000
         Email: Stacy.Kelly@empire-cat.com
         Email: John.Helms@empire-cat.com

     (4) Padmon, LLC
         P.O. Box 4546
         Tubac, AZ 85646
         Phone: 520-612-8826
         Email: luna_ivette@yahoo.com

                  About GV Hospital Management

Green Valley Hospital -- http://www.greenvalleyhospital.com/-- is
a licensed and general acute care hospital open 24 hours a day,
seven days a week.  It cost more than $75 million to construct and
equip and opened in May of 2015.  The hospital is a 49-bed general
acute care hospital with a 12-bed emergency department. The
hospital currently has 337 employees and has credentialed over 232
physicians on its medical staff.

GV Hospital Management, LLC d/b/a Green Valley Hospital, and its
affiliates Green Valley Hospital, LLC d/b/a Green Valley Hospital
and GV II Holdings, LLC, filed Chapter 11 petitions (Bankr. D.
Ariz. Case Nos. 17-03351, 17-03353 and 17-03354, respectively) on
April 3, 2017.  Grant Lyon, chairman of the Board, signed the
petitions.  The cases are jointly administered.

GV Hospital Management estimated $50 million to $100 million in
assets and liabilities.  Green Valley Hospital estimated $1 million
to $10 million in assets and up to $100 million in liabilities.  GV
II Holdings estimated under $1 million in assets and $50 million to
$100 million in liabilities.

The cases are assigned to Judge Scott H. Gan.  

The Debtors are represented by S. Cary Forrester, Esq., and John R.
Worth, Esq., at Forrester & Worth, as bankruptcy counsel.

On May 17, 2017, the Office of the U.S. Trustee appointed an
official committee of unsecured creditors.


HAE SUNG CORP: Hires Gregory Messer as Attorney
-----------------------------------------------
Hae Sung Corp., seeks authority from the U.S. Bankruptcy Court for
the Eastern District of New York to employ the Law Office of
Gregory Messer as attorney to the Debtor.

Hae Sung Corp requires Gregory Messer to:

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

   b. negotiate with creditors of the Debtor in working out a
      plan and to take necessary legal steps in order to confirm
      said plan, including negotiations in financing a plan;

   c. prepare, on behalf of the Debtor, as debtor-in-possession,
      necessary applications, answers, orders, reports, and other
      legal papers;

   d. appear at judicial proceedings to protect the interests of
      the debtor-in-possession and to represent the Debtor in all
      matters pending in the Chapter 11 proceedings; and

   e. perform all other legal services for the Debtor, as debtor-
      in-possession, as may be necessary herein.

Gregory Messer will be paid an hourly rate of $350 to $575.
Gregory Messer will be paid a retainer in the amount of $25,000.

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

Gregory Messer, member of the Law Office of Gregory Messer, 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.

Gregory Messer can be reached at:

     Gregory Messer, Esq.
     LAW OFFICE OF GREGORY MESSER
     26 Court Street, Suite 2400
     Tel: (718) 858-1474

                   About Hae Sung Corp.

Hae Sung Corp, based in Brooklyn, NY, filed a Chapter 11 petition
(Bankr. E.D.N.Y. Case No. 17-42591) on May 23, 2017.  The Hon.
Elizabeth S. Stong presides over the case. Joel Alan Gaffney, Esq.,
at Law Office of Gregory Messer, PLLC, serves as bankruptcy
counsel.

In its petition, the Debtor estimated $2.50 million in assets and
$2.32 million in liabilities. The petition was signed by Kwang Sook
Kim, president.


HALKER CONSULTING: Taps Kutak Rock as Legal Counsel
---------------------------------------------------
Halker Consulting 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 Kutak Rock LLP to, among other things,
give legal advice regarding its duties under the Bankruptcy Code,
represent it in litigation, and assist in the preparation of a
bankruptcy plan.

The hourly rates for the attorneys and paralegals who are expected
to represent the Debtor are:

     Adam Hirsch            $410
     Matthew McElhiney      $405
     Brett Wendt            $425
     Jeffrey McClelland     $260
     Rachael Culhane        $210

The firm holds a pre-bankruptcy retainer in the amount of $6,640.18
paid by the Debtor.

Adam Hirsch, Esq., a partner at Kutak Rock, 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:

     Adam L. Hirsch, Esq.
     Kutak Rock LLP
     1801 California St., Suite 3000
     Denver, CO 80202
     Tel: (303) 297-2400
     Fax: (303) 292-7799
     Email: adam.hirsch@kutakrock.com

                  About Halker Consulting LLC

Halker Consulting LLC is a nationwide provider of multi-disciplined
engineering, design, project management, procurement and field
services for oil & gas, and other energy industry sectors. It
specializes in oil and gas surface facilities design and
engineering to include; multi-well site design, central processing
facilities, full field development and optimization, and federal,
state, and local regulatory compliance.  The Company is based in
Centennial, Colorado, with field operations in Midland, Texas,
Greeley, Colorado, Durango, Colorado, and Dickinson, North Dakota.

The Debtor sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. D. Colo. Case No. 17-15141) on June 1, 2017.  Matthew
Halker, its founder and manager, signed the petition.  

At the time of the filing, the Debtor disclosed $1.55 million in
assets and $3.63 million in liabilities.

Judge Michael E. Romero presides over the case.  No creditors'
committee has been formed in the case.


HELIOS AND MATHESON: Unit Acquires All Assets of Trendit
--------------------------------------------------------
Helios and Matheson Analytics Inc. and its subsidiary RedZone,
creator of the RedZone Map real time crime and navigation app, a
tool for situational awareness and enhancement of personal safety,
announced that RedZone has acquired three U.S. patents from
Israel-based technology company Trendit Ltd. (TRIT.L UK Stock
Exchange), among other assets.  Hagai Yedid of Migdal Capital
Markets, a division of Israeli company Migdal Insurance and
Financial Holdings Ltd., served as advisor on this transaction.

RedZone plans to integrate the patented technology with the Redzone
Map app, in order to enable the app to track and analyze real-time
crowd behavior, migration and trends.  The patented technology
predicts population behavior, along with population size, origin
and destination, with an accuracy rate of 85-90%, and tracks
demographic segmentation of a population using a population sample
of 15%, together with anonymous cellular signals and demographic
big data.

The technology collects data from regular cellphone activity, which
it tracks and compares with extensive social/economic databases.
RedZone believes the technology will enable it to accurately
determine crowd size, social/economic status and where a crowd is
moving.  RedZone plans to use this patented, highly-sophisticated
analytical technology to alert RedZone Map app users of potential
threats to their personal safety and to inform law enforcement and
government officials of the location and migration patterns of
known criminal or terrorist individuals and groups.

Trendit engineered the technology from the ground up to accurately
monitor populations in real time, identify anomaly events, alert
for potential hazards and predict population overloads and
emergency events.  The technology enables risk management for large
events and allows for real-time mass management of crowds and
populations.  RedZone plans to integrate the technology with its
real-time crime database and apply the technology's analytical
power to understand and predict crime and terror events on a mass
scale.

"There are simply not enough resources for law enforcement and
government agencies to track the behavior of known threats in our
communities," said Ted Farnsworth, founder of RedZone.  "Our goal
in integrating Trendit's technology with the RedZone Map app's
artificial intelligence, facial recognition and real-time crime
database is to accurately identify threats before they strike.  We
must begin to use technology to solve our crime and terror problems
and allow individuals to take control of their own personal
safety."

RedZone plans to begin integrating Trendit's patented technology
into the RedZone Map app and roll out related new features in the
coming months.

                  About Helios and Matheson

Helios and Matheson Analytics Inc. (NASDAQ: HMNY) provides
information technology consulting, training services, software
products and an enhanced suite of services of predictive analytics.
Servicing Fortune 500 corporations and other large organizations,
HMNY focuses mainly on BFSI technology verticals. HMNY's solutions
cover the entire spectrum of IT needs, including applications,
data, and infrastructure.  HMNY is headquartered in New York, NY
and listed on the NASDAQ Capital Market under the symbol HMNY.  For
more information, visit us www.hmny.com.

Helios and Matheson reported a net loss of $7.38 million for the
year ended Dec. 31, 2016, compared to a net loss of $2.11 million
for the year ended Dec. 31, 2015.

As of Dec. 31, 2016, the Company had cash and working capital of
$2,747,240 and $1,229,389, respectively.  During the year ended
Dec. 31, 2016, the Company used cash from operations of $2,134,313.
In addition, as of the date the financial statements were issued,
the Company has notes receivable of $6,900,000 from a convertible
note holder.  Management believes that current cash on hand coupled
with the notes receivable makes it probable that the Company's cash
resources will be sufficient to meet the Company's cash
requirements through approximately April 2018.  If necessary,
management also determined that it is probable that external
sources of debt and/or equity financing could be obtained based on
management's history of being able to raise capital coupled with
current favorable market conditions.  As a result of both
management's plans and current favorable trends in improving cash
flow, the Company concluded that the initial conditions which
raised substantial doubt regarding the ability to continue as a
going concern have been alleviated.


HHGREGG INC: Lets Go of CEO Riesbeck, Two Other Execs
-----------------------------------------------------
Effective on June 6, 2017, hhgregg, Inc., terminated the employment
of each of:

     -- Robert J. Riesbeck, the Chief Executive Officer and
President of the Company;

     -- Tom Schuetz, the Chief Information Officer of the Company;
and

     -- Aaron Trahan, the Chief Merchandising Officer of the
Company.

On June 6, 2017, Mr. Riesbeck also tendered his resignation as a
director on the Board of Directors of the Company.  As a result of
his resignation, the size of the Board was reduced to two
directors.

There was no disagreement between any of the individuals and the
Company on any matter relating to the Company's operations,
policies or practices, the Company said in a regulatory filing.

Effective June 7, 2017, the Board appointed Kevin J. Kovacs, the
Chief Financial Officer of the Company, to serve as the President
and Chief Executive Officer of the Company in addition to his role
as Chief Financial Officer of the Company, until his resignation or
removal.

                       About hhgregg Inc.

Indianapolis, Indiana-based hhgregg, Inc., is an appliance,
electronics and furniture retailer.  Founded in 1955, hhgregg is a
multi-regional retailer currently with 220 stores in 19 states
that also offers market-leading global and local brands at value
prices nationwide via http://www.hhgregg.com/

hhgregg Inc., Gregg Appliances Inc. and HHG Distributing LLC
sought protection under Chapter 11 of the Bankruptcy Code
(Bankr. S.D. Ind. Lead Case No. 17-01302) on March 6, 2017.  The
petitions were signed by Kevin J. Kovacs, chief financial officer.

At the time of the filing, hhgregg and HHG Distributing estimated
assets and liabilities of less than $50,000.  Gregg Appliances
estimated assets and liabilities at $100 million to $500 million.

The Debtors engaged Morgan, Lewis & Bockius LLP and Ice Miller LLP
as counsel; Berkeley Research Group, LLC as financial advisor;
Stifel and Miller Buckfire & Co. as investment banker; Hilco IP
Services as intellectual property advisor; Altus Group US, Inc. as
tax advisor; and Donlin, Recano & Company, Inc. as claims and
noticing agent.

The U.S. Trustee has appointed creditors to serve on the official
committee of unsecured creditors in the case of Gregg Appliances,
Inc., Case No. 17-01303-RLM-11.  No official committee has been
appointed in the cases of hhgregg, Inc., No. 17-01302-RLM-11 or
HHG
Distributing, LLC, No. 17- 01304-RLM-11.

The Committee hired Cooley LLP and Bingham Greenebaum Doll LLP as
counsel, and ASK LLP as avoidance claims counsel.  The Committee
retained Province Inc. as financial advisor.

Counsel to the Agent for the Debtors' prepetition secured lenders
and the lenders providing DIP financing are Sean M. Monahan, Esq.,
at Choate, Hall & Stewart LLP; and Jay Jaffe, Esq., at Faegre
Baker
Daniels, LLP.

                          *     *     *

When hhgregg filed for Chapter 11 bankruptcy, it had signed a term
sheet with an anonymous party to purchase the Company assets.  The
Company said at that time it expected a quick and smooth process
through Chapter 11 with emergence in approximately 60 days.  Ten
days later, hhgregg said it has terminated the nonbinding term
sheet with the anonymous party because the Company was unable to
reach a definitive agreement on terms, and said it continues to
work with interested third parties to purchase assets of the
business.  hhgregg added it had received strong interest from third
parties interested in buying some or all of the Company's assets.

Subsequently, hhgregg executed a consulting agreement with a
contractual joint venture comprised of Tiger Capital Group, LLC
and
Great American Group, LLC to conduct a sale of the merchandise and
furniture, fixtures and equipment located at the Company's retail
stores and distribution centers.  

In an April order, the Bankruptcy Court approved, at the Company's
request, a plan for the Company to close 132 retail stores and the
Company's distribution centers.  

According to a disclosure with the Securities and Exchange
Commission in March, debtors Gregg Appliances, Inc. and HHG
Distributing, LLC entered into a Consulting Agreement with a
contractual joint venture between Tiger Capital Group and Great
American Group to conduct the sale of the merchandise and
furniture, fixtures and equipment located at the Company's 132
retail stores and the distribution centers.

As of June 8, the Debtors have completed store closing sales in all
its stories.

The Company has said it does not anticipate any value will remain
from the bankruptcy estate for the holders of the Company's common
stock, although this will be determined in the continuing
bankruptcy proceedings.


HHGREGG INC: Seeks to Sell IP Assets, Bids Due June 22
------------------------------------------------------
hhgregg, Inc., and its affiliated debtors ask the United States
Bankruptcy Court for the Southern District of Indiana for
permission to sell certain intellectual property, on an "as is,
where is" basis, free and clear of all liens, claims, encumbrances,
and interests, to the entity or entities that submit the highest or
otherwise best offer.

The Debtors propose to sell the Intellectual Property assets either
in whole or part through one or more sale transactions pursuant to
the terms of a purchase agreement (or agreements) to be negotiated
by and between the Debtors and proposed purchaser(s) and executed
upon completion of one or more auctions for the Intellectual
Property.

A list of the Debtors' Intellectual Property assets is available
at:

         http://bankrupt.com/misc/insb17-01302-1148.pdf

Hilco IP Services, LLC d/b/a Hilco Streambank, with the assistance
and oversight of the Debtors' management and advisors, is actively
engaged in the process of marketing the Intellectual Property
assets for sale.  According to hhgregg, after consultation with
Hilco Streambank and their other advisors, the Debtors have
determined that in order to maximize value, they need to sell their
Intellectual Property and such Sale needs to occur on an expedited
timeline.

The Debtors want prospective buyers to submit bids on or before
June 22, 2017 at 5:00 p.m. (prevailing Eastern Time).  Interested
parties wishing to bid on the Intellectual Property should contact
Hilco Streambank's:

         David Peress
         Benjamin Kaplan
         E-mail: dperess@hilcoglobal.com
                 bkaplan@hilcoglobal.com

The Debtors will require a qualified bid to meet these
requirements:

     (i) enclose a proposed purchase agreement that
         specifically identifies the Intellectual Property
         proposed to be purchased, which may be all or a
         portion of the Intellectual Property, and the
         proposed consideration, and a blackline against
         the form purchase agreement the Debtors to the Court;

    (ii) confirm that the offer shall remain open and
         irrevocable until the closing of a Sale to the
         Successful Bidder or the Next Highest Bidder;

   (iii) be accompanied by a certified or bank check or wire
         transfer in an amount equal to 10% of the purchase price
         identified in the Purchase Agreement as a minimum good
         faith deposit, which Minimum Deposit shall be used to
         fund a portion of the purchase price provided for in
         the bid;

    (iv) not be conditioned on obtaining financing or the outcome
         of any due diligence by the bidder;

     (v) not request or entitle the bidder to any break-up fee,
         expense reimbursement, or similar type of payment; and

    (vi) fully disclose the identity of each entity that will be
         bidding for the Intellectual Property or otherwise
         participating in connection with the bid, and the
         complete terms of any the participation.

If the Debtors receive more than one Qualified Bid for the
Intellectual Property (or certain subset of the Intellectual
Property), the Auction(s) with respect to the Sale will commence at
the office of Debtors' counsel:

         Ice Miller LLP
         One American Square, Suite 2900
         Indianapolis, IN 46282

on June 26, 2017 at 10:00 a.m. (prevailing Eastern Time), or such
later time and place as the Debtors may provide so long as such
change is communicated reasonably in advance by the Debtors to all
bidders and other invitees.

The Debtors propose that the Sale Hearing be set for June 27, 2017
at 1:30 p.m. (prevailing Eastern Time).

The Debtors reserve the right to seek approval of the Sale of
portions of the Intellectual Property through separate Purchase
Agreements with different purchasers in the event that the
combination of such Sales is determined by the Debtors to obtain
the highest value for the Intellectual Property. The Debtors
further reserve the right as they may reasonably determine to be in
the best interests of their estates to: (i) determine which bidders
are Qualified Bidders; (ii) determine which bids are Qualified
Bids; (iii) determine which Qualified Bid is the highest and best
proposal and which is the next highest and best proposal, (iv)
reject any bid that is (a) inadequate or insufficient, (b) not in
conformity with the requirements of the Sale Procedures or the
requirements of the Bankruptcy Code or (c) contrary to the best
interests of the Debtors and their estates; (v) remove some or all
of the Intellectual Property from the Auction(s); (vi) enter into
one or more stalking horse agreements; (vii) waive terms and
conditions set forth in these Sale Procedures with respect to all
potential bidders; (viii) impose additional terms and conditions
with respect to all potential bidders; (ix) extend the deadlines
set forth herein; (x) adjourn or cancel the Auction(s) and/or Sale
Hearing in open court without further notice; and (xi) modify the
Sale Procedures as they may determine to be in the best interests
of their estates or to withdraw this Motion at any time with or
without prejudice.

The Debtors shall consult with the Committee and their secured
lenders with respect to all matters pertaining to the Sale of the
Intellectual Property.

As reported by the Troubled Company Reporter, prior to the Petition
Date, the Debtors experienced declining sales, pressure from
vendors, some of whom required that they provide additional letters
of credit, and, as a result, increasing cash flow pressure. The
Debtors' entire industry and brick and mortar-focused retail, in
general, have also faced substantial pressures and declines.  In
light of these financial and industry pressures, the Debtors
determined that the best way to maximize value for the benefit of
all interested parties was the implementation of store closing
sales that began prior to the Petition Date -- Phase I Store
Closing Sales -- while simultaneously looking for a going-concern
buying for its remaining locations.

Despite the best efforts of the Debtors and their professionals,
the Debtors were unable to obtain a buyer for their business as a
going concern. Accordingly, they determined that the best way to
continue maximizing value for the benefit of all interested parties
was to conduct an orderly wind-down of their business operations.
On April 8, 2017, the Debtors began liquidating the assets at its
remaining stores through store closing sales, which commenced on
April 8 -- Phase II Store Closing Sales.

When hhgregg filed for Chapter 11 bankruptcy, it had signed a term
sheet with an anonymous party to purchase the Company assets.  The
Company said at that time it expected a quick and smooth process
through Chapter 11 with emergence in approximately 60 days.  Ten
days later, hhgregg said it has terminated the nonbinding term
sheet with the anonymous party because the Company was unable to
reach a definitive agreement on terms.  The Company said it
continues to work with interested third parties to purchase assets
of the business.  hhgregg added it had received strong interest
from third parties interested in buying some or all of the
Company's assets.

Subsequently, hhgregg executed a consulting agreement with a
contractual joint venture comprised of Tiger Capital Group, LLC
and
Great American Group, LLC to conduct a sale of the merchandise and
furniture, fixtures and equipment located at the Company's retail
stores and distribution centers.  

In an April order, the Bankruptcy Court approved, at the Company's
request, a plan for the Company to close 132 retail stores and the
Company's distribution centers.  

According to a disclosure with the Securities and Exchange
Commission in March, debtors Gregg Appliances, Inc. and HHG
Distributing, LLC entered into a Consulting Agreement with a
contractual joint venture between Tiger Capital Group and Great
American Group to conduct the sale of the merchandise and
furniture, fixtures and equipment located at the Company's 132
retail stores and the distribution centers. The approval of each
of this plan resulted from the Company's decisions to take the
necessary steps to liquidate the assets of the Company and its
subsidiaries as a part of the Chapter 11 proceedings.

The Company has said it does not anticipate any value will remain
from the bankruptcy estate for the holders of the Company's common
stock, although this will be determined in the continuing
bankruptcy proceedings.

As of June 8, the Debtors have completed both the Phase I Store
Closing Sales and the Phase II Store Closing Sales.

                       About hhgregg Inc.

Indianapolis, Indiana-based hhgregg, Inc., is an appliance,
electronics and furniture retailer.  Founded in 1955, hhgregg is a
multi-regional retailer currently with 220 stores in 19 states
that also offers market-leading global and local brands at value
prices nationwide via http://www.hhgregg.com/

hhgregg Inc., Gregg Appliances Inc. and HHG Distributing LLC
sought protection under Chapter 11 of the Bankruptcy Code
(Bankr. S.D. Ind. Lead Case No. 17-01302) on March 6, 2017.  The
petitions were signed by Kevin J. Kovacs, chief financial officer.

At the time of the filing, hhgregg and HHG Distributing estimated
assets and liabilities of less than $50,000.  Gregg Appliances
estimated assets and liabilities at $100 million to $500 million.

The Debtors engaged Morgan, Lewis & Bockius LLP and Ice Miller LLP
as counsel; Berkeley Research Group, LLC as financial advisor;
Stifel and Miller Buckfire & Co. as investment banker; Hilco IP
Services as intellectual property advisor; Altus Group US, Inc. as
tax advisor; and Donlin, Recano & Company, Inc. as claims and
noticing agent.

The U.S. Trustee has appointed creditors to serve on the official
committee of unsecured creditors in the case of Gregg Appliances,
Inc., Case No. 17-01303-RLM-11.  No official committee has been
appointed in the cases of hhgregg, Inc., No. 17-01302-RLM-11 or
HHG
Distributing, LLC, No. 17- 01304-RLM-11.

The Committee hired Cooley LLP and Bingham Greenebaum Doll LLP as
counsel, and ASK LLP as avoidance claims counsel.  The Committee
retained Province Inc. as financial advisor.

Counsel to the Agent for the Debtors' prepetition secured lenders
and the lenders providing DIP financing are Sean M. Monahan, Esq.,
at Choate, Hall & Stewart LLP; and Jay Jaffe, Esq., at Faegre
Baker
Daniels, LLP.


IES GLOBAL: Moody's Revises Outlook to Negative & Affirms B3 CFR
----------------------------------------------------------------
Moody's Investors Service changed the outlook for IES Global B.V.
to stable from negative. Concurrently, Moody's affirmed IES' B3
Corporate Family Rating (CFR), B3-PD Probability of Default Rating
(PDR), and B3 rating on the company's $270 million first lien term
loan. The ratings outlook was changed to stable from negative due
to the expectation that the company's operating performance will
continue to show signs of moderate improvement as its end-markets,
including construction as well as demolition and recycling, improve
from trough levels combined with ongoing debt reduction.

Moody's took the following rating actions on IES Global B.V.:

Ratings Affirmed:

Corporate Family Rating, B3;

Probability of Default Rating, B3-PD;

$270 million first lien term loan, B3 (LGD-3, fom LGD-4)

Outlook, changed to Stable from Negative

RATINGS RATIONALE

The anticipation of continued performance improvement supported by
improved operating results over the last two quarters and signs of
recovery in certain end-markets underscores the outlook change.
Better recent performance in the company's heavy construction
markets and stable trends in light construction and light
agricultural equipment markets in tandem with debt reduction are
anticipated to contribute to credit metrics in line with the B3
CFR.

IES' B3 CFR considers the company's modest revenue scale, high
leverage, degree of customer concentration and cyclical end-markets
counterbalanced by an adequate liquidity profile, an international
operating footprint, and long established relationships with large
heavy equipment manufacturers and dealers. The company's portfolio
of attachments and cabs allow heavy machinery to be used for
multiple purposes and in varied weather conditions enhancing the
machinery's utility and versatility. The rating is supported by
Moody's expectations for positive free cash flow and moderate
EBITDA improvement over the next twelve to eighteen months.

The company's relatively modest revenue scale and its product
concentration into the heavy manufacturing industry exposes it to
the industry's significant cyclicality. A stabilization in certain
of IES' end-markets including signs of recovery in global
construction markets underlies Moody's expectations for moderate
EBITDA improvement. Furthermore, although the company has a level
of customer concentration, the main customers are expected to
benefit from improvements in current end-market fundamentals as
well. The rating benefits from low required capital expenditures,
high variable costs, and ongoing international expansion.
Additionally, restructuring actions over the last two years are
expected to contribute to margin sustainment.

During the last twelve months ended March 31, 2017, the company's
debt/EBITDA (including Moody's standard adjustments) improved to
5.6x with EBIT/interest coverage of approximately 1.1x from year
ago levels. Further improvement is anticipated over the next twelve
to eighteen months from earnings improvement combined with debt
reduction. The company has meaningful required term loan
amortization payments that its cash flow is expected to cover.

IES' adequate liquidity profile is characterized by expectations of
positive free cash flow generation, modest cash balances and good
availability under the company's revolving credit facility due
August 2018. However, the financial covenant headroom under its
term loan tightens due to step-downs through the rest of the year.
The company is likely to remain in compliance with covenants
despite the step-downs. In the event the company does not meet the
covenant threshold for a given period, it has an equity cure option
available to it. Liquidity is supplemented by its access to foreign
assets abroad as an alternate source of liquidity.

The stable outlook is based on the expectation that the company's
operating performance will continue to moderately improve over the
next twelve to eighteen months as key end-markets stabilize and
improve while the company continues to reduce debt.

Upward rating momentum would depend on debt/EBITDA improving
towards 5.0 times, EBIT to interest exceeding 1.5x and the
maintenance of an adequate liquidity profile. Extending the debt
maturity of the company's revolver due August 2018 would also
support upward rating momentum.

Downward rating momentum would develop if the company's liquidity
profile were to weaken including a deterioration in free cash flow,
less effective availability under its revolver, or heightened risk
of a covenant violation. A continued decline in end markets or
operating results such that debt/EBITDA exceeds 6.5 times could
also lead to a downgrade.

The principal methodology used in these ratings was Global
Manufacturing Companies published in July 2014. Please see the
Rating Methodologies page on www.moodys.com for a copy of this
methodology.

IES Global B.V. (IES), located in Oak Brook, IL is an integrated,
global manufacturer of a diversified range of highly engineered cab
enclosures and attachment tools for the off-highway industry. The
company was created in 2011 with the combination of Paladin Brands
(including Paladin Attachments, Genesis, Pengo, Jewell) and Crenlo,
while Siac do Brasil and CWS were acquired in 2012. IES acquired
Kodiak Manufacturing, a manufacturer of agricultural implements, in
February 2015. Revenues for the last twelve months ended March 31,
2017 totaled $484 million. IES is owned by KPS Capital Partners,
L.P., a manager of a family of private equity funds.


ISO DOC: Seeks to Hire Dunbar Law as Legal Counsel
--------------------------------------------------
ISO Doc Inc. seeks approval from the U.S. Bankruptcy Court for the
District of Massachusetts to hire legal counsel in connection with
its Chapter 11 case.

The Debtor proposes to hire Dunbar Law P.C. to, among other things,
give legal advice regarding its rights and duties under the
Bankruptcy Code, represent it in any dispute with its creditors,
and prepare a plan of reorganziation.

The firm received a retainer in the amount of $10,000 from the
Debtor.

Ronald Dunbar, Jr., Esq., at Dunbar Law, disclosed in a court
filing that he and other members of his firm are "disinterested" as
defined in section 101(14) of the Bankruptcy Code.

The firm can be reached through:

     Ronald W. Dunbar, Jr., Esq.
     Dunbar Law P.C.
     197 Portland Street, 5th Floor
     Boston, MA 02114
     Tel: 617-244-3550
     Email: dunbar@dunbarlawpc.com

                        About Iso Doc Inc.

Iso Doc, Inc. offers a wide variety of software and digital
development services, including desktop applications, mobile
applications, website development and video production.

Iso Doc sought protection under Chapter 11 of the Bankruptcy Code
(Bankr. D. Mass. Case No. 17-11882) on May 19, 2017.  Stefani
Kavner, president, signed the petition.  

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


J CREW GROUP: Drexler Quits as CEO, To Stay as Chairman of Board
----------------------------------------------------------------
Millard Drexler resigned from his position as chief executive
officer of J.Crew Group, Inc. effective on or about July 10, 2017.
Mr. Drexler will remain chairman of the Company's board of
directors.  

Also on May 30, 2017, the Board extended an offer of employment to
James Brett, 48, for the position of chief executive offer and Mr.
Brett accepted, assuming the role of chief executive officer of the
Company as of the Effective Date.  The Board also elected Mr. Brett
as a director of the Company effective as of the Effective Date.
Mr. Brett has over 25 years of retail experience and most recently
held the position of President, West Elm Brand of Williams-Sonoma,
Inc., a publicly-traded multi-channel specialty retailer of home
products, since January 2010.  Prior to West Elm, Mr. Brett was the
chief merchandising officer for the Urban Outfitters Division at
Philadelphia-based Urban Outfitters, Inc.  He has also served in
various merchandising roles at other retailers including
Anthropologie, the J.C. Penney Company, Inc. and The May Department
Stores Company.  The Company believes Mr. Brett's qualifications to
sit on its Board include his extensive experience in the retail
industry and his executive leadership and management experience.

Pursuant to the terms of the employment agreement between Mr. Brett
and the Company, dated May 30, 2017, Mr. Brett's base salary is
$1,250,000 and he is eligible to earn an annual bonus with a target
of 150% of the base salary, up to the maximum allowed by such plan,
subject to meeting certain performance goals, and that for each of
fiscal years 2017 and 2018, the Annual Bonus will not be less than
150% of his base salary.  He is eligible to earn a performance
incentive bonus of $4,000,000, on the following basis: (1) 50% upon
achievement of Adjusted EBITDA, determined on a trailing twelve
fiscal month basis, of no less than $250 million and (2) 50% upon
achievement of EBITDA, determined on a trailing twelve fiscal month
basis, of no less than $300 million, provided that in each case
that the applicable EBITDA target is sustained at such level for a
period of six fiscal months thereafter.  Mr. Brett is also eligible
to earn a signing bonus, to be paid in accordance with the
following schedule: (1) $1,125,000 within thirty days of the
Effective Date, (2) $1,125,000 within thirty days of the first
anniversary of the Effective Date, and (3) $750,000 within thirty
days of the second anniversary of the Effective Date, provided that
Mr. Brett will be obligated to repay the Company a portion of the
Signing Bonus if his employment terminates with cause or without
good reason within one year of receipt of such portion.  He will
also be granted an award of restricted shares of Class A common
stock pursuant to the Chinos Holdings, Inc. 2011 Equity Incentive
Plan, adopted by the Corporation on March 4, 2011, or any successor
plan, of which 50% will be subject to time-based vesting and 50%
will be subject to performance-based vesting.  Mr. Brett is
eligible for paid time off and to participate in the Company's
benefit package as made generally available to other senior
executives.

Pursuant to the terms of the Employment Agreement, upon a
termination by the Company without cause or by Mr. Brett for good
reason, Mr. Brett will be entitled to (1) continued base salary,
medical benefits, and a payment equal to 150% of target annual
bonus for a period of eighteen months, (2) any Annual Bonus earned
but unpaid for the year immediately prior to his termination date,
(3) a pro-rata portion of the Annual Bonus, if any, to which he
would otherwise have been entitled, based on actual performance
(treating subjective goals as achieved at target), (4) any unpaid
amount of the Signing Bonus, (5) an additional 18 months' vesting
credit for any time-vesting equity awards, and (6) upon meeting
applicable performance goals or if the Corporation experiences a
change in control within twelve months of Mr. Brett's termination,
the vesting of performance-vesting equity awards.  For purposes of
his employment agreement, Mr. Brett is bound by non-competition and
non-solicitation covenants during his employment and for a period
of twelve months following termination of employment, provided that
such covenants will not apply following termination of employment
by the Company without cause or by him for good reason, and Mr.
Brett will be subject to no-hire covenants for a period of
twenty-four months following termination of his employment for any
reason.

                   About J. Crew Group

J.Crew Group, Inc. is an internationally recognized omni-channel
retailer of women's, men's and children's apparel, shoes and
accessories.  As of Nov. 22, 2016, the Company operates 287 J.Crew
retail stores, 110 Madewell stores, jcrew.com, jcrewfactory.com,
the J.Crew catalog, madewell.com, the Madewell catalog, and 181
factory stores (including 37 J.Crew Mercantile stores).

For the year ended Jan. 28, 2017, J. Crew reported a net loss of
$23.51 million following a net loss of $1.24 billion for the year
ended Jan. 30, 2016.  As of Jan. 28, 2017, J. Crew had $1.43
billion in total assets, $2.21 billion in total liabilities and a
total stockholders' deficit of $786.21 million.

                         *   *   *

As reported by the TCR on Dec. 16, 2016, S&P Global Ratings lowered
its corporate credit rating on the New York-based specialty
retailer J. Crew Group Inc. to 'CCC-' from 'B-'. "The downgrade
reflects our view that the company's suppressed debt trading prices
could culminate in a distressed debt buyback or debt exchange,"
said credit analyst Helena Song.

J. Crew carries a 'Caa2' Corporate Family Rating from Moody's
Investors Service.  J. Crew's 'Caa2' Corporate Family Rating
reflects its weak operating performance and high debt burden, with
credit agreement debt/EBITDA of 11 times and interest coverage
below 1.0 time, Moody's said.


JHL INDUSTRIAL: U.S. Trustee Unable to Appoint Committee
--------------------------------------------------------
An official committee of unsecured creditors has not yet been
appointed in the Chapter 11 case of JHL Industrial Services, LLC as
of June 7, according to a court docket.

                  About JHL Industrial Services

JHL Industrial Services, LLC, which conducts business under the
name Platt Rogers Company -- http://www.plattrogers.com/--
provides niche services including custom fuel system installation,
civil construction, integrated agricultural feed and water
solutions, piping process, new construction and renovation of
facilities and plant, demolition, environmental construction, fuel
distribution, fuel management and energy economizing and
alternative energies distribution system installation.  

The Debtor, based in Lakewood, Colorado, filed a Chapter 11
petition (Bankr. D. Colo. Case No. 17-14141) on May 5, 2017.  In
its petition, the Debtor estimated $505,500 in total assets and
$1.02 million in total liabilities.  The petition was signed by
Jason Grubb, managing member.

The Hon. Joseph G. Rosania Jr. presides over the case. David
Warner, Esq., at Sender Wasserman Wadsworth, P.C., serves as
bankruptcy counsel.


KATY INDUSTRIES: Hires SierraConstellation's Perkins as CRO
-----------------------------------------------------------
Katy Industries, Inc., et al., seek permission from the U.S.
Bankruptcy Court for the District of Delaware to employ Lawrence R.
Perkins of SierraConstellation Partners LLC as their Chief
Restructuring Officer.

The Debtors require Mr. Perkins with the assistance of SCP to:

     a. Liquidating Forecasting

          i. evaluate and manage the liquidity position and
expected future cash flows;
          
         ii. develop a 13-week cash flow forecast;
          
        iii. update, monitor, and report actual activity vs.
forecast and with other reporting that may be required by the
Debtors' lenders or other parties-interest.

     b. Asset Sales

          i. assist with data collection and information gathering
related to third party due diligence and relating to potential
transactions with financial and strategic buyers;
          
         ii. assist with discussions with potential investors, and
attaining and submitting information for investor due diligence
relating to the financing and/or sale.

     c. Chapter 11 Execution Services

          i. assist the Company with the execution of a chapter 11
filing;

         ii. assist Company personnel with the communications and
negotiations with lenders, creditors, and other parties-in-interest
including the preparation of financial information for distribution
to such parties-in-interest;

        iii. advise and assist the Company in the compilation and
preparation of financial information, statements, schedules and
monthly operating reports necessary due to requirements of the
Bankruptcy Court and/or Office of the United States Trustee (the
"U.S. Trustee");

        iv. assist the Company and its other advisors with the
formulation of a chapter 11 plan of reorganization / liquidation
and the preparation of the corresponding disclosure statement;

         v. assist the Company in the preparation of a liquidation
valuation for a reorganization plan and/or negotiation purposes;

        vi. provide testimony in the chapter 11 case as necessary
or appropriate at the Company's request.

     d. Other Financial and Communications

          i. assist with such other accounting and financial
services as requested by the Company consistent with the role of a
financial advisor and not duplicative of services provided by other
professionals.

SCP will be paid at these hourly rates:

     Lawrence R. Perkins             $550
     Managing Director               $400-$550
     Director                        $300-$400
     Associate                       $200-$300
     Analyst                         $150-$200
     Admin Staff                     $100

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

Lawrence R. Perkins, chief executive officer and founder of
SierraConstellation Partners LLC, assured the Court that the firm
is a "disinterested person" as the term is defined in Section
101(14) of the Bankruptcy Code and does not represent any interest
adverse to the Debtor and its estates.

SCP may be reached at:

      Lawrence R. Perkins
      SierraConstellation Partners LLC
      400 Hope St. Suite 1050
      Los Angeles, CA 90071
      E-mail: lperkins@sierraconstellation.com

                         About Kay Industries

Katy Industries, Inc. -- http://www.katyindustries.com/-- a  
publicly traded Delaware corporation, is a manufacturer, importer,
and distributor of commercial cleaning and consumer storage
products as well as a contract manufacturer of structural foam
products.  It distributes its products across  the United States
and Canada.  It is best known for such brands as Continental,
Huskee, Color Guard, Wilen, Muscle Mop, Contico, Tuffbin, and
SilverWolf, among many others.  The Company operates three
manufacturing facilities located in Jefferson City, Missouri,
Tiffin, Ohio, and Fort Wayne, Indiana, with its corporate
headquarters located in St. Louis, Missouri.   

Katy Industries, Inc., and its affiliates filed a voluntary
petition for relief under the Bankruptcy Code (Bankr. D. Del. Case
No. 17-11101) on May 14, 2017.  Katy Industries disclosed assets at
$821,321 and liabilities at $58,421,346.

The petitions were signed by Lawrence R. Perkins of
SierraConstellation Partners LLC, who serves as the Debtors' chief
restructuring officer.

The Debtors tapped Stuart M. Brown, Esq., at DLA Piper LLP (US) as
counsel.  Lincoln Partners Advisors LLC serves as their investment
banker.


KATY INDUSTRIES: UST Hits $1.75M Break-Up Fee for Credit Bidder
---------------------------------------------------------------
Andrew R. Vara, Acting U.S. Trustee for Region 3, filed with the
U.S. Bankruptcy Court for the District of Delaware an objection to
the bidding procedures in connection of the sale of substantially
all assets of Katy Industries, Inc., and its affiliates.

The Debtors are seeking approval of bidding procedures attendant to
a proposed sale of substantially all of the Debtors' assets to
Jansan Acquisition, LLC, the stalking horse bidder, an entity
co-owned by affiliates of Victory Park Management, LLC, as
administrative agent for the Debtors' Second Lien Lender, and the
provider of the DIP Facility.  Jansan intends to credit bid the
outstanding amount owing under the Second Lien Term Credit Facility
and also credit bid all outstanding amounts due and owing under the
Debtor-In-Possession Credit Agreement.

The U.S. Trustee objects to those portions of the Motion that seek
to pay Jansan, if outbid at auction, a breakup fee of $1.75 million
and an expense reimbursement of $350,000.  Expense reimbursements,
along with break-up fees, are intended to be incentives for a party
to invest time and money to do the due diligence necessary to make
a stalking horse bid, knowing it might be outbid at the auction and
therefore out-of-pocket for its expenses.  As the DIP Lender and an
entity co-owned by the agent of the Second Lien Lender, and now the
credit-bidding stalking horse, Jansan does not need any additional
due diligence to make a bid, does not need an extra incentive to
make a bid, and will not need to be compensated if it is not the
winning bidder at the auction.  "This is because, regardless of the
outcome of the auction, Jansan benefits from the transaction," U.S.
Trustee states.

Because Jansan does not need an incentive to make the stalking
horse bid, the break-up fee and expense reimbursement is not
"actually necessary to preserve the value of the estate," as
required under Third Circuit law, the U.S. Trustee says.

The Interim DIP Financing Order in this case provides for an
up-front fee of $187,500, among other fees.  Since Jansan will also
be reimbursed professional fees under the Interim DIP court order,
there is no need to chill bidding by requiring each of the other
prospective bidders to include in their bid an additional $2.1
million covering Jansan's break-up fee and expense reimbursement.

The U.S. Trustee states that even if the stalking horse was not
comprised of affiliates of the Second Lien Lender and itself the
DIP Lender, the $2.1 million in bid protections is excessive.

"If the Court allows any break-up fee and reimbursement of expenses
to be paid as a bid protection to Jansan, the maximum cap should
not exceed 3% of the stalking horse bid.  Based on the
Motion, it is not clear what the exact amount of the Stalking Horse
Bid is, though the bid protections are undoubtedly greater than 3%
of the cash component.  In addition, Jansan should be required to
provide support for all such expenses to the Debtors, the U.S.
Trustee, and any other party-in-interest who should have at least
10 days to review and object, if appropriate," U.S. Trustee says.

A copy of the Objection is available at:

            http://bankrupt.com/misc/deb17-11101-72.pdf

                       About Kay Industries

Katy Industries, Inc. -- http://www.katyindustries.com/-- a   
publicly traded Delaware corporation, and its wholly-owned direct
and indirect subsidiaries ("Company"), were organized as a Delaware
corporation in 1967.  The Company is a well-known manufacturer,
importer, and distributor of commercial cleaning and consumer
storage products as well as a contract manufacturer of structural
foam products.  It distributes its products across  the United
States and Canada.  It is best known for such brands as
Continental(R), Huskee(R), Color Guard(R), Wilen(R), Muscle Mop(R),
Contico(R), Tuffbin(R), and SilverWolf(R), among many others.  

The Company operates three manufacturing facilities located in
Jefferson City, Missouri, Tiffin, Ohio, and Fort Wayne, Indiana,
with its corporate headquarters located in St. Louis, Missouri.  It
currently employs approximately 300 employees, and supplements its
workforce with a significant number of additional labor employed
through third parties.

The Company boasts a broad and loyal customer base with over 1,500
customers encompassing stable industry leaders, providing the
Company with a sustainable platform of consumable products and a
recurring revenue source.  In the fiscal year 2016, it generated
revenues of approximately $107.9 million across its various
business units.  

Katy Industries, Inc., and its affiliates filed voluntary petitions
for relief under the Bankruptcy Code (Bankr. D. Del. Lead Case No.
17-11101) on May 14, 2017.  The petitions were signed by Lawrence
Perkins, chief restructuring officer.

Katy Industries disclosed assets at $821,321 and liabilities at
$58,421,346.

The Debtors tapped Stuart M. Brown, Esq., at DLA Piper LLP (US) as
counsel.


KELLY CONSTRUCTION: Hires McDowell Posternock as Attorney
---------------------------------------------------------
Kelly Construction, LLC, seeks authority from the U.S. Bankruptcy
Court for the District of New Jersey to employ McDowell Posternock
Apell & Detrick, PC, as attorney to the Debtor.

Kelly Construction requires McDowell Posternock to provide all
required advice concerning operating as a debtor-in-possession, and
assist in formulating and confirming a Plan of Reorganization.

McDowell Posternock will be paid at the hourly rate of $300-$400.

McDowell Posternock will be paid a retainer in the amount of
$20,000.

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

Ellen M. McDowell, partner of McDowell Posternock Apell & Detrick,
PC, 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.

McDowell Posternock can be reached at:

     Ellen M. McDowell, Esq.
     MCDOWELL POSTERNOCK APELL & DETRICK, PC
     46 West Main Street
     Maple Shade, NJ 08052
     Tel: (856) 482-5544
     E-mail: emcdowell@mpadlaw.com

                   About Kelly Construction, LLC

Kelly Construction, LLC filed a Chapter 11 bankruptcy petition
(Bankr. D. N.J. Case No. 17-21184) on May 31, 2017, listing under
$1 million in both assets and liabilities.  The Hon. Andrew B.
Altenburg Jr. presides over the case.  


L&N TWINS: Asks for Court OK to Sell Property to Mishto for $1.3M
-----------------------------------------------------------------
L&N Twins Place, LLC, asks the U.S. Bankruptcy Court for the
Southern District of New York to authorize the sale of real
property located at 2-4 Virginia Place, Pleasantville, New York, to
Agata Mishto $1,270,000.

A hearing on the Motion is set for July 18, 2017 at 10:00 a.m.  

In February of 2002 the Debtor was formed for the purpose of
acquiring and managing the property in Pleasantville, New York.
The Debtor has two members, David Balaj and Maria Balaj, each of
whom holds a 50% membership interest in the Debtor.  At the time of
the formation of the Debtor, the Balajs were married.  Mr. Balaj is
the managing member of the Debtor.

The Property consists of six rental apartments and one duplex that
the David and Maria resided in with their children during the
course of their marriage.  The duplex apartment is currently
vacant.  All six of the rental apartments are currently occupied by
tenants and generate annual rental income for the Debtor in the
amount of approximately $95,963.

In 2009, David commenced a divorce proceeding against Maria in the
New York State Supreme Court, County of Westchester.  A Judgment of
Divorce ("JOD") was entered in the Divorce Proceeding on Jan. 23,
2014 directing, inter alia, that the Property was to be sold.  The
JOD provides, in relevant part, that "the entity, L&N Twins Place,
LLC, owns the real property located at 2-4 Virginia Place,
Pleasantville, New York.  The property is directed to be sold
forthwith."

In June 2015 the Property was listed for sale by Loretta Chiavetta,
a real estate broker at Coldwell Banker Residential Brokerage, for
$1,250,000.  The Realtor's Commission due under the Brokerage
Agreement by and between the Debtor and the Realtor is 4.25% of the
sale price.

On Dec. 4, 2015 an undisclosed buyer represented by Ben Gecaj, of
Metro Empire Realty, made an offer to purchase the Property for
$1,255,000.  Shortly thereafter, on Dec. 23, 2015, Mishto made an
offer to purchase the Property for $1,250,000 free and clear of
liens, claims and encumbrances through the Realtor.  Mishto
subsequently increased her offer on Feb. 28, 2016 to $1,260,000,
all cash with no contingencies.  On March 2, 2016 Gecaj increased
the undisclosed buyer's offer to $1,262,000.  Subsequently, David
and a group of investors that he arranged made an offer to purchase
the Property for $1,265,000 ("David's Offer").  Maria matched
David's Offer on the representation that she would obtain the
necessary funds from her family to purchase the Property.

On April 8, 2016 Mishto again increased her offer to $1,270,000,
all cash ("Mishto Offer").  David expressed his acceptance of the
Mishto Offer but Maria rejected it.  David then filed a motion in
the State Court to compel Maria to accept the Mishto Offer pursuant
to the directives of the JOD.

In October 2016 Judge Malone, a Justice of the New York Supreme
Court, entered an order directing that the Property be sold to
Mishto, assuming that the Mishto Offer had not been revoked
("Malone Order").  After the entry of the Malone Order there were
significant disagreements by and between Maria and David as to the
consummation of the sale to Mishto.  Notwithstanding the Malone
Order, Maria requested a six month post-closing occupancy agreement
for her to live in the duplex apartment at the Property and
demanded that Mishto provide "proof of funds" necessary to close
the transaction, despite having already been provided with same.

On March 24, 2017, the Debtor, acting through David as the managing
member, in full compliance with the JOD and the Malone Order
entered into a contract of sale with Mishto for the Property for
the sale price of $1,270,000 ("Mishto Contract").  The Downpayment
under the Mishto Contract was $127,000 which is being held in the
escrow account of Lawrence A. Garvey, Esq., the attorney David
hired to handle the sale for the Debtor.

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

        http://bankrupt.com/misc/L&N_Twins_10_Sales.pdf

The Property is encumbered by the following liens: (i) $102,342 for
outstanding property taxes and water charges due the Town of Mt
Pleasant ("Mt. Pleasant Tax Lien"); and (ii) $48,107 for
outstanding village taxes due to the Village of Pleasantville
("Village Lien").

From the proceeds of the sale of the Property the Debtor proposes
to pay the brokerage commission.

The Debtor proposes to assume, assign, and/or transfer the
leasehold interests it has with respect to the rental apartments to
the Purchaser.  Under the Mishto Contract the Purchaser is taking
an assignment of the tenant leases related to the Property.  The
Debtor submits that all requirements for the assumption and
assignment of the tenant leases are satisfied.

The Debtor proposes to distribute the balance of the proceeds from
the sale as follows: (i) the Mt. Pleasant Tax Lien in the amount of
$102,342, plus any accrued interest, will be paid in full at
closing; (ii) the Village Lien in the amount of $48,107, plus any
accrued interest, will be paid in full at closing; and (iii) the
balance of the sale proceeds will be placed in escrow with the
Debtor's attorneys pending further order of the Court.

The Debtor submits that there is ample business justification for
it to sell the Property expeditiously as further delay may cause
Mishto to terminate the Mishto Contract.  Additionally, the
outstanding tax liabilities due the Village of Pleasantville and
Town of Mt. Pleasant continue to accrue interest and an expeditious
sale of the Property will maximize the value of the estate.  The
Debtor believes that it has achieved the highest and best price for
the Property.  Accordingly, the Debtor asks the Court to approve
the relief sought.

The Purchaser can be reached at:

          Agata Mishto
          319 Ave. C, Apt. MH
          New York, NY 10009

The Purchaser is represented by:

          Isidros I. Tsamblakos, Esq.
          MARKU, BENO & TSAMBLAKOS, PLLC
          399 Broadway, Suite 910
          New York, NY 10007

                     About L&N Twins Place

L&N Twins Place, LLC listed its business as a single asset real
estate (as defined in 11 U.S.C. Section 101(51B).  It owns a
multi-family residential building located at 2-4 Virginia Place,
Pleasantville, NY 10570 valued at $1.27 million.

The Debtor sought Chapter 11 protection (Bankr. S.D. N.Y. Case No.
17-22758) on May 23, 2017.  Judge Robert D. Drain is assigned to
the case.

The Debtor tapped Jeffrey A. Reich, Esq., at Reich Reich & Reich,
P.C. as counsel.

The Debtor estimated assets at $1.28 million and liabilities at
$650,449.

The petition was signed by David Balaj, managing member.

The list of creditors who have the 20 largest unsecured claims and
are not insiders contains a single entry: Puka Capital Funding LLC,
with a disputed claim of $500,000.

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

           http://bankrupt.com/misc/nysb17-22758.pdf


LILY ROBOTICS: Tilt.com Objects to Turnover of Funds
----------------------------------------------------
Payment and refund processor Tilt.com Inc. objected to turnover of
all funds to Lily Robotics Inc. without a clear court mandate, as
Tilt.com itself faced risks of legal action for the money by
clients and others, Jeff Montgomery, writing for Bankruptcy Law360,
reports, citing Frederick B. Rosner, Esq., at the Rosner Law Group
LLC, the attorney for Tilt.com.

Law360 relates that the Debtor demanded that Tilt.com hand over the
more than $3.6 million it held, despite Tilt.com's concern about
later demands for refunds from thousands of clients.

According to Law360, Tilt.com said it would consider transferring
about $2.8 million to the Debtor, provided there were restrictions
on use and further transfer of the funds.  The report quoted Mr.
Rosner as saying, "We want a solution, but we would like to have
constructive input into the verbiage here.  We don't want to be
later sued by some institutional avoidance action shop" for
recovery of transferred funds.

A temporary restraining order could be one of the solutions, Law360
states, citing the Hon. Kevin J. Carey of the U.S. Bankruptcy Court
for the District of Delaware.

Law360 says that Judge Carey later put off a decision on Tilt.com's
portion of the company's cash management order as well as a former
landlord's argument for $26,000 in legal fees under the terms of a
California state lease contract for San Francisco space used by the
Debtor.

A dispute remains over a $26,000 fee for Mr. Rosner's successful
efforts to secure the Debtor's payment of past-due post-petition
rent, and the Debtor's contract for two Fifth Historic Properties
LLC sites included a provision shifting costs to the prevailing
parties in disputes, Law360 relates, citing Mr. Rosner, who also
represented former the Debtor's landlord Fifth Historic.

Douglas S. Mintz, Esq., at Orrick Herrington & Sutcliffe LLP, the
attorney for the Debtor, said that Fifth Historic's motion to
compel the payment of the lease was frivolous, and that the
landlord had yet to provide any evidence regarding the
reasonableness of its fee request, even if fees were warranted,
Law360 reported.

                      About Lily Robotics

Based in Atherton, California, Lily Robotics, Inc., is the
developer of the Lily Camera, 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.
Lily Robotics sells its products internationally through its Web
site at https://www.lily.camera/

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 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 is the Debtor's claims and
noticing agent.

On March 22, 2017, the Office of the U.S. Trustee appointed an
official committee of unsecured creditors.  The committee hired
Lowenstein Sandler LLP as its lead counsel, and Richards, Layton &
Finger, P.A., as its Delaware and conflicts counsel.

No trustee or examiner has been appointed in the case.


LORETTA LIMA TRANSPORTATION: Taps Goodman Law as Counsel
--------------------------------------------------------
Loretta Lima Transportation Corporation seeks authorization from
the U.S. Bankruptcy Court for the Central District of California to
employ Goodman Law Offices as general bankruptcy counsel effective
May 13, 2017 petition date.

The Debtor requires Goodman Law to:

   (a) advise the Debtor on the requirements of the Bankruptcy
       Code, the Federal Rules of Bankruptcy procedure, the Local
       Bankruptcy Rules and the requirements of the United States
       Trustee pertaining to the administration of the Debtor's
       estate;

   (b) prepare motions, applications, answers, orders, memoranda,
       reports and papers in connection with the administration of

       the estate;

   (c) protect and preserve the Estate by prosecuting and
       defending actions commenced by or against the Debtor in
       Bankruptcy Court and analyzing and preparing necessary
       objections to, proofs of claim filed against the Estate;

   (d) investigate and prosecute the preference, fraudulent
       transfer, and other actions arising under the Debtor's
       avoiding powers;

   (e) advise the Debtor with respect to any sale and disposition
       of assets;

   (f) advise the Debtor with respect to obligations under any
       unexpired leases and executory contracts;

   (g) prepare the Debtor's plan of reorganization; and

   (h) render other advice and services as the Debtor may require
       in connection with the Case.

The principal attorney designated to represent the Debtor is Andrew
Goodman. Mr. Goodman's hourly rate is $395.

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

Goodman Law received a pre-petition retainer of $50,000. Prior to
filing the petition, Goodman Law incurred fees and expenses
totaling $8,945.50. As of the filing of the petition, Goodman Law
has a balance of $41,054.50.

Andrew Goodman, a member of Goodman 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 Debtors and their estates.

The law firm can be reached at:

       Andrew Goodman, Esq.
       GOODMAN LAW OFFICES
       6345 Balboa Boulevard, Suite I-300
       Encino, California 91316-1523
       Tel: (818) 827-5169
       Fax: (818) 975-5256
       E-mail: agoodman@andyglaw.com

Loretta Lima Transportation Corporation, filed a Chapter 11
bankruptcy petition (Bankr. C.D. Cal. Case No. 17-15934) on May 13,
2017, disclosing under $1 million in both assets and liabilities.
The Debtor is represented by Andrew Goodman, Esq.


MAMAMANCINI'S HOLDINGS: CEO Wolf Aims $40M Run Rate, Nasdaq Listing
-------------------------------------------------------------------
On June 1, 2017, Top Executive magazine published an interview with
Carl Wolf, chief executive officer of MamaMancini's Holdings, Inc.
wherin Mr. Wolf expressed certain of his views regarding the
Company and its prospects.

Mr. Wolf talked with Top Executive's Managing Editor Leslie Stone
about the company's key to success, plans for growth and vision for
the future.

When it comes to food, Americans are becoming more quality- and
nutrition-conscious -- especially millennials, who desire foods
that are not only convenient and affordable but also healthy and
good-tasting.  And many of these consumers are choosing to eat at
home either by themselves or on the go.  "Recent statistics show
that the medium-priced restaurant/food service industry has slowed
a little and supermarkets have taken some of that business," says
Carl Wolf, chairman and CEO of MamaMancini's Holdings, Inc. (OTCQB:
MMMB).  His New Jersey-based company's specialty pre-prepared,
frozen and refrigerated meatballs and pasta products fit right into
the trend toward higher-quality, easy-to-prepare and fully prepared
fresh foods.  "As this trend accelerates, we have a positive track
record of success," he adds.  "We have picked up many new customers
primarily being the company with the nutritional aspect, the
simple, natural ingredient aspect and also the taste and quality
aspect."

Wolf himself has a successful track record of building and selling
food companies.  He and his wife started a deli cheese company
called Alpine Lace Brands (Nasdaq: LACE) from scratch and built it
into a $220 million retail business with a presence in more than 95
percent of supermarkets around the country.  Their reduced fat and
reduced sodium deli products -- especially their Swiss cheese --
became the second most recognized brand in the country, with an 80
percent brand recognition among women.  After selling the company
to Land O'Lakes 20 years ago, Wolf joined Saratoga Beverage Group
(Nasdaq: TOGA) as co-chairman of the board and then served as
chairman of a company called MediaBay (Nasdaq: MBAY). Formerly
known as Audio Book Club, the company primarily sold audio cassette
tapes.  He raised about $15 million in financing for MediaBay
before leaving to pursue his own entrepreneurial goals.  "I'm a
serial entrepreneur; I like more control," he says, adding that
Media Bay's stock was family controlled.  "Shortly after I left
they signed a deal with Microsoft to do a major download of books
partnership."

In 2001, Wolf and his family bought a frozen food appetizer plant,
built new facilities and focused on upscale appetizers and frozen
food products.  Then, things took a different turn.  "As the
recession hit in 2008, we looked at our product line and brought in
some outside consultants," he explains.  "We felt we should take on
a product that was more sustaining."  Within their product line was
MamaMancini's, which was founded by Daniel Mancini, a former
garment industry executive who decided to turn his late Italian
grandmother's meatball recipes into a business.  "We felt
MamaMancini's had potential and decided to back that."

The rest is history.  Wolf and his team have taken what was
basically "a $25,000 a year operation" and turned it into an entity
that in its last quarter was at over a $20 million sales run rate.

Top Executive: We recently went to the supermarket and bought some
MamaMancini's slow-cooked Italian sauce and meatballs and we have
to say that Dan's grandmother's recipe lives up to its reputation.
It does not taste store-bought! Besides creating an authentic and
affordable product, what would you say has been the key to the
company's success?

Carl Wolf: Being aware of our mistakes.  When things aren't going
the way we envision or issues crop up, we deal with it and change
things or cut them and move on.  I don't think successful
entrepreneurs -- and, again, I consider myself a serial
entrepreneur—do 70 percent of things correctly and 25 percent
wrong.  I think they typically only do about 40 percent of things
right but they don't stick their head in the sand. They change and
improvise and keep growing.  It's how they deal with the other 60
percent they need to change or get rid of.  You don't take an
unsuccessful model and keep going with it.  In MamaMancini's early
life we sold to the frozen sections or the middle of the store
sections.  We have found that section is not as quality oriented
and much more price conscious, and that sector is losing 1- to 2
percent market size annually.  Thus, we've found that it was less
profitable for the company.  Two years ago we made a decision to
pull back and gave up around 25 percent of our business mostly in
the center of the store and pushed forward in the prepared foods
area.

The most successful companies have a model that keeps expanding
what works and gets rid of the rest.  It's important to be swimming
in the stream in the right way.  We are in the prepared foods
segment of the supermarket industry that we estimate is growing
around 8 percent per year.  We give a fair value for our product
and we are not overpriced.  This allows us to make substantial fair
margins for ourselves.

Top Executive: What are your primary duties as CEO?

Carl Wolf: I'd say I'm the conscience and the person who has been
through it all before.  My job is to be flexible and practical,
keeping the disciplines strong.  Matt Brown our COO is integral in
keeping the operations running smoothly, efficiently, and
anticipating future issues.  I'm also involved in our marketing
campaign, and I do make a modest number of sales calls on a key
basis.  I'm also very active in investor relations as needed.
There's a certain discipline in being a public company.  It's in
the reporting.  You have to be consistent and knowledgeable and a
little better and on top of your game as a result.

Top Executive: Which aspect of your work gives you the most
satisfaction?

Carl Wolf: I like selling a quality product, I enjoy mentoring
young people -- we have a young team -- and I like success.

Top Executive: How does the company market itself?


Carl Wolf: We have a well-rounded marketing campaign that includes
a lot of social media and consumer materials that are used to
convey our product at point-of-purchase.  It's one thing to sell a
supermarket chain; it's another to get them to promote and display
your products.  We have a whole host of tools that we use to move
our program to the forefront.

We have an active consumer PR campaign and use social media to
support our placements.  Our Instagram and Facebook accounts have
250,000 followers and we have posts with as much as a million
views.  We also do a lot of local marketing around specific product
and supermarket chains on a limited basis.  We also are on Sirius
national radio.  This helps build our brand.  Although I am very
active in our marketing, I'm not the front person. Dan Mancini is
the front person.  He does the interviews and various forms of
communication, whether it be blogs or online or live TV. He was
recently on "Fox & Friends."  Our PR agency estimates that we had
120 million impressions between January and April this year, and
it's continuing at that pace since April.

Top Executive: Does the company still market and sell its products
through the QVC network?

Carl Wolf: Yes, QVC is an integral part of our marketing and we are
entering our third year with the network.  Dan Mancini is our QVC
spokesperson and regularly appears two to six times per month for
up to 10-minute segments.  QVC hits an estimated 30 million homes
and is the world's largest direct-to-consumer marketer.  It's an
excellent testing ground for new products because it gets immediate
consumer feedback.  In fact, we have introduced several new items
to QVC this year.  Our volumes are doing well and we are more than
meeting QVC's benchmarks.  They appear happy with our results.  We
sell pretty close to all of our products in some variation from our
regular retail product and will also offer a different product than
what we sell in the supermarkets.  It may be a unique flavor
variation or a size or convenience factor or how it's packaged.  As
you get near holidays like Thanksgiving and Christmas there are
more food slots available.

Top Executive: Can you tell us about MamaMancini's distribution
channel?

Carl Wolf: We sell direct to supermarket chains and club stores. If
it goes through a distributor it's a very large-cap distributor.
It's really at the direction of the supermarket chain.  There are
several very large, efficient distributors for when the supermarket
chain decides to go out of house.

Top Executive: We understand you are big on sampling. How do you
get consumers to try your product?

Carl Wolf: Sampling gets products into people's hands.  We use what
we call our 'push out to the consumer.'  Deli personnel are our
valuable emissaries. We give them VIP coupons.  They do passive
sampling, where they cut up products and give coupons to the
consumer to try them.  There is a great deal of communication in
that section of the supermarket and customers will often ask if a
product is good or not.  There is a certain percentage of the
customer base that actually knows the prepared food clerks and
personnel.  If we get trial we are successful.

The key is to make sure the product is merchandised and can be
tried.  We have point-of-purchase signs -- small, medium, large and
larger -- and we make sure the product is featured in promotions
and specials.  We did a major consumer sweepstakes promotion with
The Fresh Market for the month of March that was very successful.
Our line has expanded from meatballs and stuffed meatballs to
meatloaf and stuffed pepper mix (the chain provides fresh peppers
and we provide the rest).  We are introducing chicken parmigiana
right now.

Top Executive: Are there any developments you can share with us
today?

Carl Wolf: We expect an acceleration of sales as our new business
comes in.  If that happens, which is our goal, the company should
see a significant acceleration in operating income as well.  Our
goal is to get to a $40 million run rate by late summer and we are
hopeful that we are on target to do that.  If we get to that run
rate we believe cash flow to the company will be $6 million to $7
million per year.  This is not our internal projection but our
goal.  The key to the business right now is execution, which will
cause the company to ramp up from a $20 million run rate to a $40
million run rate in less than a year. That is a major undertaking.

Top Executive: Where do you see MamaMancini's in the coming years?

Carl Wolf: Going down the road we have a sustainable business.  We
are already in about 30 percent of all supermarkets with basically
three products, or three SKUs [stock keeping units].  We believe
the potential is 10 SKUs.  As we gain velocity in sales at
locations we are now in, adding new items and expand our
distribution, we very easily could do $150 million to $200 million
there.  We haven't even touched food service yet, which is as large
as the supermarket business.  That comes later because food service
tends to be more commodity oriented.  As we develop our brand we
can sell food service on the value of our quality and nutrition.
That's the model we followed with Alpine Lace.  There are new
products that we haven't even developed yet.  There's also the
international market.  Italian products are loved throughout the
world -- even in places like Dubai and Shanghai -- because they
taste good.  We believe this is a potential billion-dollar brand.
We went public in 2013 through a reverse merger, and we have set
our sights on becoming a Nasdaq company.  The potential is there.
Additionally, as our brand grows we will have more dollars to brand
it even further.

Leslie Stone is an award-winning writer, editor and journalist with
more than two decades of experience covering business, finance,
real estate and lifestyle issues for newspapers, magazines and
online publications.  Originally from Virginia, she currently
resides between Florida and Michigan.  Follow Leslie on Twitter:
@lescstone.

Follow MamaMancini's on Facebook

Follow MamaMancini's on Twitter @MamaMancini's

                    About MamaMancini's Holdings

MamaMancini's Holdings, Inc., manufactures and distributes
prepared, frozen, and refrigerated food products primarily in the
United States.

MamaMancini's Holdings, Inc., formerly Mascot Properties, Inc., was
incorporated in the State of Nevada on July 22, 2009.  Mascot
Properties, Inc.'s activities since its inception consisted of
trying to locate real estate properties to manage, primarily
related to student housing, and services which included general
property management, maintenance and activities coordination for
residents.  Mascot did not have any significant development of such
business and did not derive any revenue.  Due to the lack of
results in its attempt to implement its original business plan,
management determined it was in the best interests of the
shareholders to look for other potential business opportunities.

Mamamancini's reported a net loss available to common stockholders
of $494,061 on $18.04 million of sales for the year ended Jan. 31,
2017, compared to a net loss available to common stockholders of
$3.57 million on $12.60 million of sales for the year ended Jan.
31, 2016.  As of Jan. 31, 2017, MamaMancini's had $6.31 million in
total assets, $5.31 million in total liabilities and $999,376 in
total stockholders' equity.


MAR FARMS: U.S. Trustee Unable to Appoint Committee
---------------------------------------------------
An official committee of unsecured creditors has not yet been
appointed in the Chapter 11 case of MAR Farms, LLC, as of June 6,
according to a court docket.

                      About MAR Farms, LLC

MAR Farms, LLC filed a Chapter 11 bankruptcy petition (Bankr.
D.Minn. Case No. 17-41371) on May 8, 2017. Thomas J. Flynn, Esq.,
at Larkin Hoffman Daly & Lindgren Ltd. serves as bankruptcy
counsel.

The Debtor's assets and liabilities are both below $1 million.


MARSH SUPERMARKETS: Court OKs Key Employee Incentive Plan
---------------------------------------------------------
The Hon. Brendan L. Shannon of the U.S. Bankruptcy Court for the
District of Delaware has approved Marsh Supermarkets Holding, LLC,
et al.'s key employee incentive plan.

The Debtors have identified 10 employees -- four senior executives
and six non-insider employees -- to receive payments under the
Incentive Plan, all of whom possess significant institutional
knowledge and skills that are essential to the Debtors' efforts in
these Chapter 11 cases.

The Participants include certain of the Debtors' executives and
officers, as well as employees in the Debtors' accounting, real
estate and legal departments.  In addition to the responsibilities
related to the Debtors' everyday business operations, the
Participants have assumed, and will continue to assume,
considerable added responsibilities in connection with the
preparation for, and the filing and prosecution of, these Chapter
11 cases and the sale process, like continuing operations with all
of the challenges attendant to being in Chapter 11, stabilizing the
Debtors' vendor base, reviewing executory contracts and unexpired
leases in an effort to avoid unnecessary administrative expenses,
facilitating and conducting management presentations for potential
bidders on the assets, responding to bidder information requests,
and otherwise taking whatever steps are necessary to obtain the
highest or best value for the Debtors' assets.  The Debtors submit
that the Incentive Plan is necessary to incentivize these key
employees to perform their duties in an optimal manner for the
benefit of all stakeholders, and reward them for their significant
efforts during these Chapter 11 cases and the sale process.

The Incentive Plan was developed with substantial input from the
Debtors' Chief Restructuring Officer, Mr. Lee Diercks, from Clear
Thinking Group LLC, a leading consulting firm specializing in
turnaround management for companies experiencing financial
difficulty.  CTG has significant expertise in Chapter 11
restructurings, including, among other things, in designing and
otherwise providing input on executive and employee incentive
plans.  The Debtors have given authority to Mr. Diercks, in his
capacity as the Chief Restructuring Officer, to lead, manage and
assist the Debtors with these Chapter 11 cases.  Mr. Diercks has
the authority to control all aspects of the Debtor's postpetition
activities, including, but not limited to, approving all cash
disbursements and entering into postpetition agreements.

CTG, relying on its considerable experience in Chapter 11 cases,
including retail advisory assignments, assisted the Debtors in
designing the Incentive Plan, keeping in mind the Debtors' goal of
maximizing the value of the assets through the sale process.  The
Incentive Plan was designed in a reasonable, cost-effective way to
promote the appropriate incentives under the circumstances of these
Chapter 11 cases.  The Incentive Plan contemplates only going
concern transactions, defined as either the sale of the entire
remaining business as a going concern or blocks of remaining stores
being sold to other grocery store companies that will be operated
as a going concern.  The structuring of the Incentive Plan focused
on a going concern transaction or a series of going concern
transactions, as such a transaction would bring more value to the
Debtors and their estates than the liquidation of the assets, keep
landlord spaces filled, keep doors open for vendors to continue to
sell product and customers to continue to purchase product, and
keep as many employees employed as possible.  In no instance does
the Incentive Plan contemplate the Participants receiving an
incentive payment based on the pure liquidation of the remaining
stores, the Debtors' businesses, or the assets.

Under the terms of the Incentive Plan, the Participants are
eligible to receive an incentive payment tied to the proceeds of
the sale of the assets.  The Participants have significant
involvement in the sale process and are in the best position to
negotiate and maximize value for the Debtors' estates and
creditors.  Accordingly, incentivizing their performance by tying
the Incentive Payment to the results of the sale process will
ensure that any sale takes place efficiently, diligently and in a
value maximizing manner.  At this early stage of these Chapter 11
cases, with the sale process still unfolding, and a stalking horse
bidder not yet in place, the Participants are not guaranteed any
Incentive Payment and must work diligently to conduct a competitive
marketing process, find a successful bidder, and work diligently to
consummate the sale.

The Participants are only eligible to receive the Incentive Payment
if: (a) the sale process results in a buyer or group of buyers
purchasing more than 15 of the remaining stores that will continue
to operate as grocery stores in the future; (b) the sale proceeds
from the going concern transaction exceed $25 million; (c) the
total value of the going concern transaction exceeds the
liquidation value of the Debtors' inventory and FF&E by at least $1
million; and (d) the Participants remain employed with the Debtors
through the closing of the going concern transaction

Maximizing the value of the assets through the sale process will
require extensive and devoted efforts from the Participants, in
consultation and cooperation with the Debtors' legal and financial
advisors, all while the Participants continue to operate the
business under challenging circumstances, meet diligence requests,
facilitate and conduct management presentations to foster and
attract bids and, ultimately, facilitate the closing of any
resulting sale transaction.  Moreover, these obligations will be
compounded by the already-extraordinary pressures and demands of
running the Debtors' businesses and dealing with the day-to-day
demands and time constraints attendant to these Chapter 11 cases,
including additional reporting obligations, monitoring the Debtors'
ongoing store closing sales, and ensuring that unnecessary and
burdensome contracts and leases are rejected in a manner that will
minimize administrative expenses.

The Incentive Plan is a reasonable exercise of the Debtors' sound
business judgment because it was designed with significant input
from CTG, and seeks to incentivize the Participants to continue the
Debtors' day-to-day business operations, prosecute these Chapter 11
cases, and ensure the consummation of a successful sale process,
which is one of the Debtors' highest priorities during these
Chapter 11 cases.

A threshold achievement -- the successful closing of a going
concern transaction in excess of $25 million -- must be met for the
Participants to receive the Incentive Payment.  The Incentive
Payment is reasonable because it is directly tied to increased sale
proceeds that would be the direct result of the Participants'
performance.

Copies of the court order and the Debtor's motion are available
at:

           http://bankrupt.com/misc/deb17-11066-93.pdf
           http://bankrupt.com/misc/deb17-11066-231.pdf

                    About Marsh Supermarkets

Founded in 1931, Marsh Supermarkets is a retail food chain
headquartered in Indianapolis, Indiana, with stores throughout
Central Indiana and parts of western Ohio.  A substantial majority
of the stores are operating under the Marsh Supermarkets banner,
and a handful of stores operate as O'Malia Food.  Marsh was
publicly traded until May 2006, when it was acquired by affiliates
of Sun Capital Partners IV, LP, and certain independent investors.

Marsh Supermarkets Holding, LLC, and 15 affiliated debtors each
filed a voluntary petition for relief under Chapter 11 of the
United States Bankruptcy Code (Bankr. D. Del. Lead Case No.
17-11066) on May 11, 2017.  As of the Petition Date, Marsh operated
60 stores in Indiana and Ohio, and had a workforce of approximately
4,400 employees.  The cases are pending before the Honorable
Brendan Linehan Shannon.

Young Conaway Stargatt & Taylor, LLP, is serving as counsel to the
Debtors.  Clear Thinking Group is the restructuring advisors.
Peter J. Solomon Company is the investment banker.  Prime Clerk LLC
is the claims and noticing agent.

Andrew R. Vara, Acting U.S. Trustee for Region 3, on May 18
appointed seven creditors to serve on the official committee of
unsecured creditors in the Chapter 11 case.


MCBEES BAR B QUE: Hires Dean W. Greer as Counsel
------------------------------------------------
McBEES BAR B QUE seeks authority from the U.S. Bankruptcy Court for
the Western District of Texas to employ the Law Offices of Dean W.
Greer, as counsel to the Debtor.

McBEES BAR B QUE requires Dean W. Greer to:

   a. advise and consult with the Debtor as to its powers and
      duties in the continued operation of its business and
      management of its properties during the bankruptcy
      proceeding;

   b. take actions as may be necessary to preserve and protect
      the Debtor's assets, including, the prosecution of
      adversary proceedings and other actions on the Debtor's
      behalf, the defense of actions commenced against the
      Debtor, negotiations concerning litigation in which the
      Debtor is involved, objection to the allowance of any
      objectionable claims filed against the Debtor's estate and
      estimation of claims against the estates where appropriate;

   c. prepare necessary applications, motions, complaints,
      adversary proceedings, answers, orders, reports, and other
      pleadings and legal documents, in connection with matters
      affecting the Debtor and its estate;

   d. assist the Debtor in the development, negotiation and
      confirmation of a plan of reorganization and the
      preparation of a disclosure statement or statements in
      respect thereof; and

   e. perform other legal services that the Debtor may request in
      connection with the Chapter 11 case and pursuant to the
      Bankruptcy Code.

Dean W. Greer will be paid at these hourly rates:

     Attorney                    $300
     Legal Assistant             $75

Dean W. Greer will be paid a retainer in the amount of $6,700.
Prior to the filing of the bankruptcy case, the Debtor paid Dean W.
Greer $2,020, which was used to pay the filing fee of $1,717 and
for pre-petition work. The balance of $4,680 will be paid from
operations.

Dean W. Greer will also be reimbursed for reasonable out-of-pocket
expenses incurred.

Dean W. Greer, partner of the Law Offices of Dean W. Greer, 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.

Dean W. Greer can be reached at:

     Dean W. Greer, Esq.
     LAW OFFICES OF DEAN W. GREER
     2929 Mossrock, Suite 117
     Tel: (210) 342-7100
     Fax: (210) 342-3633

                   About McBEES BAR B QUE

McBees Bar-B-Que filed a Chapter 11 petition (Bankr. W.D. Tex. Case
No. 17-51069) on May 2, 2017, disclosing under $1 million in both
assets and liabilities. Wade R. McBee/Kelly McBee, general partner,
signed the petition. The case is assigned to Judge Ronald B. King.
The Debtor is represented by Dean William Greer, Esq.


MEDEX TRANSPORTATION: Hires Peaster's Financial as Accountant
-------------------------------------------------------------
Medex Transportation Services, Inc., seeks authority from the U.S.
Bankruptcy Court for the Southern District of Texas to employ
Peaster's Financial Services, as accountant to the Debtor.

Medex Transportation requires Peaster's Financial to:

   (a) prepare the Debtor's monthly operating reports;

   (b) prepare the Debtor's monthly financial reports;

   (c) prepare Debtor's tax returns;

   (d) prepare initial budget for Cash Collateral Motion/Order;

   (e) provide analysis of cash flow to prepare a feasible Plan
       of Reorganization; and

   (f) provide the Debtor advice on its operations and other
       financial information.

Peaster's Financial will be paid based upon its normal and usual
hourly billing rates. The firm will also be reimbursed for
reasonable out-of-pocket expenses incurred.

Bob Peaster, owner of Peaster's Financial Services, 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.

Peaster's Financial can be reached at:

     Bob Peaster
     PEASTER'S FINANCIAL SERVICES
     1203 Shalom Dr.
     Edinburg, TX 78539

                   About Medex Transportation Services, Inc.

Medex Transportation Services, Inc., is a privately held company in
McAllen, Texas, providing ambulance services.

Medex sought protection under Chapter 11 of the Bankruptcy Code
(Bankr. S.D. Tex. Case No. 17-70151) on April 20, 2017. The
petition was signed by Jose Luis Yruegas, president. The Debtor
estimated assets of $1 million to $10 million and liabilities of
$500,000 to $1 million.

The case is assigned to Judge Eduardo V. Rodriguez.

Antonio Villeda, Esq., of Villeda Law Group, serves as the Debtor's
legal counsel.


MICHAELS USED CARS: U.S. Trustee Unable to Appoint Committee
------------------------------------------------------------
An official committee of unsecured creditors has not yet been
appointed in the Chapter 11 case of Michael's Used Cars, Inc. as of
June 5, according to a court docket.

Michael's Used Cars, Inc., filed a chapter 11 bankruptcy petition
(Bankr. S.D. W.Va. Case No. 17-50134) on May 2, 2017.  Joseph W.
Caldwell, Esq., at Caldwell & Riffee, represents the Debtor as
bankruptcy counsel.


MONACK MEDICAL SUPPLY: Charged for Stealing Over $1M From Medicaid
------------------------------------------------------------------
New York Attorney General Eric T. Schneiderman on June 7, 2017,
said Kester Atumonyogo, of Valley Stream, and his company Monack
Medical Supply, Inc. were arraigned on an indictment charging Mr.
Atumonyogo and Monack with billing Medicaid and Healthfirst, a
Medicaid managed care organization, for an expensive nutritional
formula while supplying patients with a lower-priced substitute and
stealing over $1 million in the process.  Mr. Atumonyogo, 49, was
arraigned in New York Supreme Court, Kings County, by the Honorable
Danny K. Chun.

"New Yorkers pay into Medicaid to meet the healthcare needs of the
most vulnerable in our communities.  They deserve to know their
dollars are going to help people, not profit unscrupulous business
owners," said Attorney General Schneiderman.  "We will continue to
investigate and prosecute those who steal from our Medicaid
programs to enrich themselves with taxpayer dollars."

According to the indictment, Mr. Atumonyogo used a fraudulent
social security number to enroll Monack as a Medicaid-participating
provider of medical supplies. The company then allegedly filed
false claims to Medicaid and Healthfirst that Monack had dispensed
to pediatric patients a highly specialized and expensive enteral
nutritional formula, which is prescribed by physicians for patients
who must obtain nutrients via a feeding tube and cannot metabolize
dietary nutrients from substantive food.

The investigation conducted by the Attorney General's Medicaid
Fraud Control Unit (MFCU) revealed that Medicaid and Healthfirst
paid Monack for the specialized formula, although Monack only
dispensed "Pediasure" or similar over-the-counter nutritional
supplements, and at times administered nothing at all.  The
Medicaid reimbursement rate for specialized enteral nutritional
formula is substantially higher than off-the-shelf or
over-the-counter nutritional supplements.  In total, Mr. Atumonyogo
and Monack allegedly stole over $1 million from the Medicaid
program.

The investigation also uncovered that Mr. Atumonyogo allegedly used
two different dates of birth and claimed to have been born in two
countries.  Using that false identifying information, Mr.
Atumonyogo allegedly obtained two different social security numbers
that he has used interchangeably since the 1990's.  According to
prosecutors, the defendant used the second social security number
he obtained to enroll Monack in the Medicaid program.

Prosecutors also allege that Mr. Atumonyogo used a different social
security number in 2006 to obtain welfare benefits, and that in
October 2012 and September 2013 Mr. Atumonyogo filed false income
verifications with the New York City Human Resources
Administration, claiming that he only made $200 or less per week.
The Attorney General's investigation revealed that between March 1,
2012 and Dec. 31, 2014, the defendant received at least $575,807
from Monack.

Today's indictment charges Mr. Atumonyogo with Health Care Fraud in
the First Degree, a class B Felony, three counts of Grand Larceny
in the Second Degree, a class C Felony, Welfare Fraud in the Third
Degree, a class D felony, and two counts of Offering a False
Instrument for Filing in the First Degree, a class E Felony. If
convicted, the defendant faces a prison sentence of 4 to 25 years.


The Attorney General would like to thank the New York State
Department of Health, the New York State Office of the Medicaid
Inspector General, the United States Social Security
Administration, the United States Department of Health and Human
Services-Office of the Inspector General, and the New York City
Human Resources Administration for their valuable assistance in the
investigation.  The Attorney General acknowledges the cooperation
and assistance provided by Healthfirst throughout the
investigation.

The investigation was conducted by MFCU Investigators Dan Yao and
Supervising Special Investigator Dominick DiGennaro with the
assistance of Deputy Chief Investigator Kenneth Morgan.  Special
Auditor Investigator Brian Gonell and Principal Special Auditor
Investigator Patricia Iemma conducted the financial analysis with
the assistance of Regional Chief Auditor Thomasina Smith.

This case is being prosecuted by Special Assistant Attorneys
General Crystal Barrow and George Bronner under the supervision of
New York City Deputy Regional Director Twan V. Bounds and Regional
Director Christopher M. Shaw.  Thomas O'Hanlon is the MFCU Chief of
Criminal Investigations-Downstate. MFCU is led by Director Amy Held
and Assistant Deputy Attorney General Paul J. Mahoney.

The charges are merely accusations and the defendants are presumed
innocent unless and until they are proven guilty in a court of
law.

                   About Monack Medical Supply

Based in Brooklyn, New York, Monack Medical Supply Inc is  provides
medical supplies and equipment which are considered as Medicare
chargeable items.


MRI INTERVENTIONS: Former Director Hikes Equity Stake to 12.72%
---------------------------------------------------------------
In an amended Schedule 13D filed with the Securities and Exchange
Commission, Bruce C. Conway disclosed that as of May 26, 2017, he
beneficially owns 1,386,956 shares of common stock of MRI
Interventions, Inc. representing 12.72 percent of the shares
outstanding.  Mr. Conway is a self-employed investment consultant
and former director of the Company.

Prior to May 26, 2017, Mr. Conway beneficially owned an aggregate
of 252,193 shares of the Company's common stock.  Mr. Conway
acquired these shares through purchases of the Company's common
stock with personal funds, upon conversion of the Company's Series
A Convertible Preferred Stock and certain convertible notes
purchased by Mr. Conway with personal funds, and upon the exercise
of warrants issued to Mr. Conway in connection with his purchases
of such convertible notes.  In addition, Mr. Conway held warrants
that he had acquired from the Issuer in connection with certain
purchases of the Company's common stock, warrants that he had
received in recognition of his support of the Company, and options
he had received in connection with his former service as a director
of the Company.

On May 26, 2017, Mr. Conway purchased 500,000 shares of common
stock and a Warrant to purchase 500,000 shares of common stock in
the Company's private placement, which closed on May 26, 2017, for
$1,000,000 with his personal funds, pursuant to a Securities
Purchase Agreement entered into with the Company on May 25, 2017,
the Warrant issued to Mr. Conway on May 26, 2017.  The Warrant is
exercisable, in whole or in part, for the five years from the date
of closing at an exercise price of $2.00 per share.

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

                     https://is.gd/EUj5hy

                   About MRI Interventions

Based in Irvine, Calif., MRI Interventions, Inc., is a medical
device company.  The Company develops and commercializes platforms
for performing minimally invasive surgical procedures in the brain
and heart under direct, intra-procedural magnetic resonance imaging
(MRI) guidance.  It has two product platforms: ClearPoint system,
which is used to perform minimally invasive surgical procedures in
the brain and ClearTrace system, which is under development, to be
used to perform minimally invasive surgical procedures in the
heart.

MRI Interventions incurred a net loss of $8.06 million for the year
ended Dec. 31, 2016, compared to a net loss of $8.44 million for
the year ended Dec. 31, 2015.  

Cherry Bekaert LLP, in Charlotte, North Carolina, issued a "going
concern" qualification on the consolidated financial statements for
the year ended Dec. 31, 2016, citing that the Company incurred net
losses during the years ended Dec. 31, 2016, and 2015 of
approximately $8.1 million and $8.4 million, respectively.
Additionally, the stockholders' deficit at Dec. 31, 2016, was
approximately $756,000.  These conditions raise substantial doubt
about the Company's ability to continue as a going concern.


MY-WAY TRADING: Plan Filing Deadline Extended Until Oct. 5
----------------------------------------------------------
Judge James M. Carr of the U.S. Bankruptcy Court for the Southern
District of Indiana extended for an additional 120 days the time
within which only My-Way Trading, Inc. may file a plan of
reorganization and disclosure statement, to and including Oct. 5,
2017.

The Troubled Company Reporter had earlier reported that the Debtor
sought exclusivity extension to make the necessary changes to its
business operation in order to be able to submit a disclosure
statement and plan of reorganization.

                       About My-Way Trading

My-Way Trading, Inc., doing business as Diversified Green
Solutions, is a plastics recycling business located in Richmond,
Indiana.

My-Way Trading filed a Chapter 11 petition (Bankr. S.D. Ind. Case
No. 16-09324) on Dec. 9, 2016.  The petition was signed by Seth
Smith, President.  The Debtor is represented by David R. Krebs,
Esq., at Hester Baker Krebs LLC.  The Debtor estimated assets and
liabilities at $500,000 to $1 million at the time of the filing.

An official committee of unsecured creditors has not yet been
appointed in the Chapter 11 case of My-Way Trading as of Jan. 12,
2017.


NELSON DERMATOLOGY: Hires Brown Mobley as Accountant
----------------------------------------------------
Nelson Dermatology, PLLC seeks authorization from the U.S.
Bankruptcy Court for the Eastern District of Virginia to employ
Brown, Mobley & Way PC as accountant.

The Debtor requires Brown Mobley to:

   (a) process the Debtor's payroll and prepare the Debtor's
       payroll tax withholdings;

   (b) prepare, or assist in the preparation of, such schedules,
       reports, and other documents as are required for the
       orderly administration of the estate;  

   (c) assume primary responsibility for the preparation and
       filing necessary bankruptcy estate tax returns;

   (d) assist the Debtor with bookkeeping tasks;  

   (e) evaluate tax attributes of property of the bankruptcy
       estate;

   (f) review the books and records of the Debtor to ascertain and

       confirm the existence or non-existence of avoidable
       preferences or fraudulent transfers;

   (g) perform all other necessary accounting services and provide

       all other necessary accounting advice to the Debtor in  
       connection with these cases; and

   (h) assist in such other matters as the Debtor may require.

Brown Mobley's billing rate is as follows:
     
       Payroll services         $125/week
       Bookkeeping              $100/hour
       Mary Ann Dodge,CPA       $120/hour
       Jacqueline Way,Manager   $160/hour
       Okeoma Okeoma,CPA        $200/hour

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

Jacqueline Way, member and manager of Brown Mobley, assured the
Court that the firm is a "disinterested person" as the term is
defined in Section 101(14) of the Bankruptcy Code and does not
represent any interest adverse to the Debtors and their estates.

The accounting firm can be reached at:

       Jacqueline Way
       BROWN, MOBLEY & WAY P.C.
       9161 Liberia Ave, Suite 100
       Manassas, Virginia 20110
       Tel: (703) 361-9068
       Fax: (703) 361-9078
       E-mail: support@bmwtaxva.com

                       About Nelson Dermatology

Nelson Dermatology, PLLC, filed a Chapter 11 bankruptcy petition
(Bankr. E.D. Va. Case No. 17-11536) on May 5, 2017.  Judge Brian F.
Kenney presides over the case.


NEW CAL-NEVA LODGE: Hall Asks Court to Reject Ladera Disclosures
----------------------------------------------------------------
Hall CA-NV, LLC files a supplemental objection to the disclosure
statement for Ladera Development, LLC's plan of reorganization for
Cal Neva Lodge, LLC and New Cal-Neva Lodge, LLC, dated March 21,
2017.

Hall objects to the Disclosure Statement as lacking in adequate
information to enable creditors to vote on Ladera's Plan. Hall
would first reference its prior filed Objection to the Disclosure
Statement and the points of objection raised therein. Each of those
objections remains relevant given the lack of any amendment or
other attempts to cure by Ladera in the intervening month and a
half since Hall's Objection was filed.

In summary, Hall's prior Objection pointed out the lack of adequate
information in the Disclosure Statement given the inaccurate,
confusing and overlapping description of the assets of both
Cal-Neva Lodge, LLC, and New Cal-Neva Lodge, LLC despite the fact
that the creditors in each case are distinct.

Hall also takes issue on the lack of detail regarding potential
claims for recovery including a description of the claims,
potential recoveries, costs to pursue, or sources for funding; the
lack of adequate information regarding the alternative treatments
for the Hall Secured Claim; the failure to disclose the impact of
the Intercreditor Agreement on Ladera's Plan and the inability of
Ladera to receive any payment until Hall has been paid in full; the
failure to disclose the impact of the Secured Creditors exercising
their rights under Section 1111(b) of the Bankruptcy Code; and the
Disclosure Statement's failure to disclose the identity of the
Newco Investor, its financial ability to fund, written financial
commitments or any other information.

In addition to reurging these previously stated objections, Hall is
also against the Disclosure Statement for the simple and more
fundamental reason that there is no funder for the Ladera plan.

Thus, Hall respectfully requests that the Court deny approval of
the Ladera Disclosure Statement and grant Hall such other and
further relief to which it may be justly entitled.

                   About New Cal-Neva Lodge

New Cal-Neva Lodge, LLC, based in Saint Helena, California, filed
a
Chapter 11 petition (Bankr. N.D. Cal. Case No. 16-10648) on July
28, 2016.  In its petition, New Cal-Neva estimated $50 million to
$100 million in assets and $10 million to $50 million in
liabilities.  The petition was signed by Robert Radovan, president
and secretary.

Judge Thomas E. Carlson presides over the case.  Keller &
Benvenutti LLP serves as bankruptcy counsel.

The Office of the U.S. Trustee appointed an official committee of
unsecured creditors on Sept. 13, 2016. The committee hired
Pachulski Stang Ziehl & Jones LLP, as legal counsel; Province,
Inc.
as financial advisor; and Fennemore Craig P.C. as Nevada counsel.

New Cal-Neva filed a Chapter 11 plan of reorganization for the
company and its parent Cal Neva Lodge, LLC.

On January 6, 2017, Leslie P. Busick and several other creditors
proposed a Chapter 11 plan of reorganization for New Cal-Neva.
The
group is represented by the Law Offices of Alan R. Smith.

On March 21, 2017, Ladera Development, LLC filed a Chapter 11 plan
of reorganization for New Cal-Neva and its parent.


NEW CAL-NEVA LODGE: Hall Objects to Creditors' Amended Disclosures
------------------------------------------------------------------
Secured creditor Hall CA-NV, LLC files an objection to the
Creditors' third amended disclosure statement in connection with
the Creditors' second amended joint plan of reorganization.

Among other things, Hall objects to the Disclosure Statement as
lacking in adequate information in that it fails to adequately
describe each Debtor's assets. The Creditors' Plan is purportedly a
joint plan for Cal-Neva Lodge, LLC and New Cal-Neva Lodge, LLC. The
Third Disclosure Statement continues to repeatedly refer to the
"Property," the "Resort," "real estate and improvements," and other
assets as belonging to "the Debtors" or "the Debtor" without making
a distinction between Cal-Neva and New Cal-Neva or otherwise
providing any clarity as to which distinct entity they are
referring.

Hall also complains that the Third Disclosure Statement is lacking
in adequate information regarding the Plan Proponent's position as
to the allowance of Hall's secured and administrative claims which
information is necessary for Hall to make an informed decision on
how to vote on the Plan. The Third Disclosure Statement should
state whether an objection will be filed to all or some portion of
Hall's claims, the basis for any such objection, and to which
portion of Hall's claims any such objection will be directed.

The Third Disclosure Statement also fails to disclose the impact of
all three of the Secured Creditors having exercised their rights
under Section 1111(b) of the Bankruptcy Code. Thus, each of the
Secured Creditors' allowed secured claim is equal to its respective
total claim rather than the value of the collateral, and each of
the Secured Creditors must retain a lien equal to the total amount
of their claim. Using the Plan Proponents own numbers, that is at
least $45 million.

In light of the foregoing reasons, Hall requests that the Court
deny approval of the Disclosure Statement and grant Hall such other
and further relief to which it may be justly entitled.

Attorneys for Hall CA-NV, LLC:

     Frank J. Wright (TX Bar No. 22028800)
     GARDERE WYNNE SEWELL LLP
     2021 McKinney Avenue
     Suite 1600
     Dallas, Texas 75201
     Telephone: (214) 999.3000
     Facsimile: (214) 999.4667
     Email: fwright@gardere.com

        -- and --

    Nathan J. Aman (NV Bar No. 8354)
    FAHRENDORF, VILORIA, OLIPHANT
    & OSTER L.L.P.
    P.O. Box 62
    Reno, Nevada 89505
    Telephone: (775) 284-8888
    Facsimile: (775) 284-3838
    Email: naman@renonvlaw.com

                 About New Cal-Neva Lodge

New Cal-Neva Lodge, LLC, based in Saint Helena, California, filed
a
Chapter 11 petition (Bankr. N.D. Cal. Case No. 16-10648) on July
28, 2016.  In its petition, New Cal-Neva estimated $50 million to
$100 million in assets and $10 million to $50 million in
liabilities.  The petition was signed by Robert Radovan, president
and secretary.

Judge Thomas E. Carlson presides over the case.  Keller &
Benvenutti LLP serves as bankruptcy counsel.

The Office of the U.S. Trustee appointed an official committee of
unsecured creditors on Sept. 13, 2016. The committee hired
Pachulski Stang Ziehl & Jones LLP, as legal counsel; Province,
Inc.
as financial advisor; and Fennemore Craig P.C. as Nevada counsel.

New Cal-Neva filed a Chapter 11 plan of reorganization for the
company and its parent Cal Neva Lodge, LLC.

On January 6, 2017, Leslie P. Busick and several other creditors
proposed a Chapter 11 plan of reorganization for New Cal-Neva.
The
group is represented by the Law Offices of Alan R. Smith.

On March 21, 2017, Ladera Development, LLC filed a Chapter 11 plan
of reorganization for New Cal-Neva and its parent.


NEW CAL-NEVA LODGE: Hall Wants Debtors' Plan Outline Denied
-----------------------------------------------------------
Hall CA-NV, LLC files a supplemental objection to Cal Neva Lodge,
LLC and New Cal-Neva Lodge, LLC's first amended disclosure
statement with respect to its first amended plan of reorganization,
dated March 21, 2017.

Hall objects to the Disclosure Statement as lacking in adequate
information to enable creditors to vote on the Debtors' Plan. Hall
would first reference its prior filed Objection to the Disclosure
Statement and the points of objection raised therein. Each of those
objections remains relevant given the lack of any amendment or
other attempt to cure by the Plan Proponent in the intervening
month and a half since Hall's Objection was filed.

In summary, Hall's prior Objection pointed out the lack of adequate
information in the Disclosure Statement given the inaccurate,
confusing and overlapping description of the assets of both
Cal-Neva Lodge, LLC and New Cal-Neva Lodge, LLC despite the fact
that the creditors in each case are distinct.

The Disclosure Statement also fails to provide adequate information
regarding the Exchange Agreement, why the estate has claims against
the other parties to that agreement, and the status with the
Fairwinds Estate.

There's also the inaccurate recitation of the amount of the Hall
Secured Claim (the Disclosure Statement states that Hall is owed
$26 million when the number was actually over $27.5 million at the
time and is now over $28.3 million).

In addition to reurging these previously stated objections, Hall
opposes the Disclosure Statement for the simple and more
fundamental reason that there is no funder for the Plan Proponent's
plan.

For the said reasons, Hall requests that the Court deny approval of
the Disclosure Statement and grant Hall such other and further
relief to which it may be justly entitled.

Attorneys for Hall CA-NV, LLC:

     Frank J. Wright (TX Bar No. 22028800)
     GARDERE WYNNE SEWELL LLP
     2021 McKinney Avenue
     Suite 1600
     Dallas, Texas 75201
     Telephone: (214) 999.3000
     Facsimile: (214) 999.4667
     Email: fwright@gardere.com

        -- and --

     Nathan J. Aman (NV Bar No. 8354)
     FAHRENDORF, VILORIA, OLIPHANT
        & OSTER L.L.P.
     P.O. Box 62
     Reno, Nevada 89505
     Telephone: (775) 284-8888
     Facsimile: (775) 284-3838
     Email: naman@renonvlaw.com

                     About New Cal-Neva Lodge

New Cal-Neva Lodge, LLC, based in Saint Helena, California, filed
a
Chapter 11 petition (Bankr. N.D. Cal. Case No. 16-10648) on July
28, 2016.  In its petition, New Cal-Neva estimated $50 million to
$100 million in assets and $10 million to $50 million in
liabilities.  The petition was signed by Robert Radovan, president
and secretary.

Judge Thomas E. Carlson presides over the case.  Keller &
Benvenutti LLP serves as bankruptcy counsel.

The Office of the U.S. Trustee appointed an official committee of
unsecured creditors on Sept. 13, 2016. The committee hired
Pachulski Stang Ziehl & Jones LLP, as legal counsel; Province,
Inc.
as financial advisor; and Fennemore Craig P.C. as Nevada counsel.

New Cal-Neva filed a Chapter 11 plan of reorganization for the
company and its parent Cal Neva Lodge, LLC.

On January 6, 2017, Leslie P. Busick and several other creditors
proposed a Chapter 11 plan of reorganization for New Cal-Neva.
The
group is represented by the Law Offices of Alan R. Smith.

On March 21, 2017, Ladera Development, LLC filed a Chapter 11 plan
of reorganization for New Cal-Neva and its parent.


NORTH COAST TOOL: Mike Peterson to Auction Excess Equipment
-----------------------------------------------------------
North Coast Tool, Inc., asks the U.S. Bankruptcy Court for the
Western District of Pennsylvania to authorize the sale of excess
equipment at auction to be conducted by Mike Peterson Auction &
Realty Service.

Northwest Bank is the primary secured creditor of the Debtor
maintaining a first lien perfected security interest in all of the
Debtor's personal property assets.  The Debtor is engaged in
certain manufacturing business for which it has acquired an array
of equipment, all of which is subject to the first lien of
Northwest Bank.

The Debtor has identified certain equipment it owned which is
excess equipment and can be sold to reduce the outstanding
obligation owed to Northwest Bank.

A list of the excess equipment attached to the Motion is available
for free at:

         http://bankrupt.com/misc/North_Coast_83_Sales.pdf

These persons and entities are identified as Respondents, each of
which has or may have an interest in the excess equipment:

   a. Northwest Bank, PO Box 128, Warren, Pennsylvania 16365 filed
a Uniform Commercial Code Financing Statement at 2014050204217 and
is owed approximately $131,179.

   b. Commonwealth of Pennsylvania, Department of Labor & Industry,
651 Boss Street—Room 608, Harrisburg, Pennsylvania filed
Unemployment Tax Liens against the Debtor in Erie County Court of
Common Pleas dockets 2016-30601, 2016-30850, 2016-31196, 2017-30087
and is owed approximately $24,992.

   c. Biz Finance, 460 Park Avenue South, 6th Floor, New York, New
York filed a Uniform Commercial Code Financing Statement on
proceeds of future sales.  Amount owed is unknown.

   d. United States of America, Department of Treasury, Internal
Revenue Service, c/o Insolvency Unit, PO Box 7346, Philadelphia,
Pennsylvania filed Federal Tax Liens against the Debtor in Erie
County Court of Common Pleas dockets 2017-30372, 2016-31578, 2016,
2016-31152 and is owed $121,705.

The Debtor has filed a Motion seeking Court approval to employ
Peterson to conduct an auction sale.

Time is of the essence with respect to the auction since the Lease
on the Debtor's present business location expires June 30, 2017 and
it is necessary to conduct the auction to have the equipment
removed from the premises by that date.

As an auction sale of the Debtors' excess equipment cannot
conveniently be conducted in the Bankruptcy Court, the Debtor asks
that the Court authorizes Peterson to conduct an online auction
sale with bidding to conclude by June 26, 2017 and all sold
equipment to be removed from the Debtor's place of business on or
before June 30, 2017.  The Debtor asks that the Court authorizes
Peterson to advertise the auction as Peterson would in its usual
course of business in machinery auctions and; that Notice of the
auction sale be given in accordance with LR 6004-1(d) and; that
Debtor upload to the EASI Website the information concerning the
sale.

The Debtor anticipates the net proceeds of the sale of its excess
equipment, after payment of expenses directly related to the sale,
will be paid to Northwest Bank to reduce its loan balance, the
Debtor and other creditors will benefit because the application of
the proceeds will reduce the Debtor's obligation to Northwest Bank.
The Debtor anticipates that the reduction will enable it to
formulate a Chapter 11 Plan of Organization, which will address its
obligation to other creditors, including unsecured creditors.

In order for the auction sale to be successful, the Debtor's assets
must be sold free and clear of all liens, claims and encumbrances.


The Debtor proposes to the extent that the liens and claims exist
they will attach to the proceeds to be paid in order of priority,
as modified by applicable non-bankruptcy laws.

The Debtor believes that the sale at the auction, at this time,
will provide the highest and best offer that the Debtor has or will
receive for the equipment in that purchasers at the auction will
exercise good faith to provide fair value.  The prompt sale of the
property free and clear of liens is in the best interest of the
estate and best interest of the creditors and is necessary in order
for the Debtor to attempt to formulate a successful Chapter 11
Plan.

                About North Coast Tool, Inc.

North Coast Tool, Inc., is a Pennsylvania corporation, having a
primary business address located at 2705 West 17th Street, Erie,
Pennsylvania, engaged in certain manufacturing business.

North Coast Tool sought Chapter 11 protection (Bankr. W.D. Penn.
Case No. 17-10342) on April 5, 2017.  The Debtor is represented by
Daniel P. Foster, Esq., at Foster Law Offices.


OMNI SPECIALIZED: U.S. Trustee Forms 2-Member Committee
-------------------------------------------------------
The Office of the U.S. Trustee on June 5 appointed two creditors to
serve on the official committee of unsecured creditors in the
Chapter 11 cases of Omni Specialized, LLC.

The committee members are:

     (1) Cliff Beckham, President
         Earl L. Henderson Trucking
         8118 BUNKUM ROAD
         Caseyville, IL 62232
         Phone: 618-623-0057
         Fax: 251-216-9948
         Email: cliffb@elhtc.com

     (2) Robert Stranczek
         11611 Diamond Court
         Frankfort, IL 60423
         Cell: 708-243-5891
         Email: bobs17@comcast.net

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 Omni Specialized

Omni Specialized, LLC -- https://www.omnispecialized.com/ -- is an
over-dimensional and general commodity carrier serving 48 states.
The Company claims to have an outstanding reputation for safe,
reliable service along with a large selection of specialized
trailers.  Omni's fleet of specialized and general commodity
equipment includes a 100% complement of 53 flatbed and low-profile
stepdecks with RGN Double-Drop trailers.

Omni Specialized filed a Chapter 11 bankruptcy petition (Bankr.
C.D. Ill. Case No. 17-80801) on May 29, 2017.  Thomas Witt,
manager, signed the petition.  At the time of filing, the Debtor
estimated assets and liabilities ranging from $1 million to $10
million.  The case is assigned to Judge Thomas L. Perkins.  The
Debtor is represented by Gregory Otsuka, Esq. at Hellmuth &
Johnson, PLLC.


OPT CO: Seeks to Hire Davis Miles as Legal Counsel
--------------------------------------------------
Opt Co. and eight of its affiliates filed separate applications
seeking approval from the U.S. Bankruptcy Court for the District of
Arizona to hire Davis Miles McGuire Gardner, PLLC.

The firm will serve as legal counsel to the Debtors in connection
with their Chapter 11 cases.  The services to be provided include
advising the Debtors regarding their duties, and assisting them in
the preparation of a bankruptcy plan.

The hourly rates charged by the firm are:

     Partners       $395
     Associates     $265
     Paralegal      $125

Davis Miles has no connection with the Debtors or any of their
creditors, according to court filings.

The firm can be reached through:

     Pernell W. McGuire, Esq.
     Aubrey Thomas, Esq.
     Davis Miles McGuire Gardner, PLLC
     40 E. Rio Salado Parkway, Suite 425
     Tempe, AZ 85281
     Tel: 480-733-6800
     Fax: 877-715-7366
     Email: pmcguire@davismiles.com
     Email: azbankruptcy@davismiles.com
     Email: efile.dockets@davismiles.com

                        About Opt Co.

Opt Co. operates as a painting contractor.  It offers exterior,
interior, custom homes, garage epoxy, and fences painting and
coating services.  It serves industrial, commercial, and
residential customers in the State of New York.  Most of the
principal assets of Opt Co. and its affiliates are located at 5136
S. Desert View Apache Junction, Arizona.

Opt Co. and eight of its affiliates sought protection under Chapter
11 of the Bankruptcy Code (Bankr. D. Ariz. Case Nos. 17-06091 to
17-06098, and 17-06100) on May 31, 2017.  Joseph Cook, personal
representative of estate of Allan Kauffman, signed the petitions.


Debtors Opt Co, 4K Builders, Inc., Blu Enterprises, Inc., Vintage
Millworks, Inc., Southwest Renewable Resources, LLC, Optco
Residential Painting, LLC, Arizona Natural Resources Products, LLC,
and Arizona Steel Finishing, LLC, each listed under $50,000 in
assets and $1 million to $10 million in liabilities.  Debtor 4K
Properties, Ltd listed under $50,000 in assets and $10 million to
$50 million in liabilities.
  
Judge Brenda Moody Whinery presides over the cases.


OUTBOUND GROUP: Unsecureds to Receive $5K Annually for 5 Years
--------------------------------------------------------------
The Outbound Group, Inc., and Mt. Carmel Leasing, LLC, filed with
the U.S. Bankruptcy Court for the Eastern District of Michigan a
combined plan of reorganization and disclosure statement.

Class 3 under the Plan consists of the holders of allowed unsecured
claims.  A creditor in this class will receive a pro rata
distribution incident to its allowed general unsecured claim based
on one payment each year by the Debtors of $5,000 for five years.
The first payment will be due on or before Dec. 31, 2017.  These
payments will continue to be made on the same date each year until
the earlier occurs of the respective Claim is paid in full or Dec.
31, 2021. This class is impaired.

Class 4 will consist of the Interests of the equity security
holders in the Debtors. Harry Zoccoli, III, and Cesar Redondo are
the Interest Holders of Outbound Group and Harry Zoccoli, III, is
the sole Interest Holder of Mt. Carmel.

Class 4 consists of the Interest Holders which will be treated in
one of two alternative methods:

   A. If Class 3 accepts the Plan, the rights of the Interest
Holders will be modified so that Cesar Redondo is the sole Interest
Holder in the Debtors. For the avoidance of doubt, Mr. Zoccoli will
have no Interest in the Debtors after the Effective Date. On the
Effective Date, the prior equity interest will be canceled and new
shares will be issued to Cesar Redondo. This Class is Impaired.

   B. If Class 3 rejects the Plan, and the Court determines that,
as a result of that rejection, the Plan does not comply with the
absolute priority rule; the Interests of the Debtors will be sold
at the Equity Auction. The successful purchaser at the Equity
Auction shall be bound by the terms of this Plan and shall be
required to use all of the proceeds of the Equity Auction to
satisfy the Allowed Claims set forth in this Plan in the order of
their priority, and all payments shall be subject to the terms of,
and payments shall be made in accordance with, the Plan. During the
time period after confirmation of the Plan and until the auction
sale of the Interests of the Debtors, the Interest Holders will
continue to own the Interests. This Class is Impaired.

At the conclusion of the auction, in exchange for the successful
bid price, the Interests of the Interest Holders shall be canceled
and new shares shall be issued to the successful bidder upon the
receipt of the successful bid price. In the event that no auction
takes place, the Interest Holder will pay $25,000, the Interest
shall be canceled and new shares shall be issued in exchange for
the payment.

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

     http://bankrupt.com/misc/mieb16-55971-80.pdf

               About The Outbound Group

The Outbound Group, Inc. and Mt. Carmel Leasing, LLC sought
protection under Chapter 11 of the Bankruptcy Code (Bankr. E. D.
Mich. Lead Case No. 16-55971) on November 29, 2016. The petition
was signed by Harry J. Zoccoli, III, shareholder.  

The cases are assigned to Judge Phillip J. Shefferly.  Stevenson &
Bullock, PLC serves as the Debtors' legal counsel.

At the time of the filing, Outbound Group estimated assets of less
than $50,000 and liabilities of $1 million to $10 million.  Mt.
Carmel estimated both assets and liabilities of less than $50,000.

No trustee, examiner or unsecured creditors' committee has been
appointed in the cases.


PAYLESS HOLDINGS: Eyeing Possible Legal Claims Against Backers
--------------------------------------------------------------
Cara Salvatore, writing for Bankruptcy Law360, reports that Payless
ShoeSource Inc. said that it is investigating possible legal claims
against venture capital backers Golden Gate Capital and Blum
Capital.

                     About Payless Holdings

Payless Holdings LLC and its subsidiaries sought protection under
Chapter 11 of the Bankruptcy Code (Bankr. E.D. Mo. Lead Case No.
17-42267) on April 4, 2017.  The petitions were signed by Paul J.
Jones, chief executive officer.   At the time of the filing, the
Debtors estimated their assets at $500 million to $1 billion and
liabilities at $1 billion to $10 billion.   

Payless -- http://www.payless.com/-- was founded in 1956 as an  
everyday footwear retailer.  The Company is headquartered in
Topeka, Kansas, but its operations span across Asia, the Middle
East, Latin America, Europe, and the United States.  Payless first
traded publicly in 1962, and was taken private in May 2012.
Payless Holdings, LLC currently owns, directly or indirectly, each
of its 91 subsidiaries.

As of the bankruptcy filing, Payless had more than 4,000 stores in
more than 30 countries, and employed approximately 22,000 people.
In April 2017, it sought court approval to close an initial 389
stores, and the following month it sought court approval to close
408 more stores.

The Debtors hired Alvarez & Marsal North America LLC as
restructuring advisor; Prime Clerk LLC as claims, balloting and
administrative agent; and Osler, Hoskin & Harcourt LLP as CCAA
counsel.

On April 14, 2017, the Office of the U.S. Trustee appointed an
official committee of unsecured creditors.  The unsecured creditors
committee has tapped Pachulski Stang Ziehl & Jones LLP as lead
counsel to the Committee, Polsinelli PC as its local counsel, and
Province Inc. as financial advisor.  The committee has retained
Back Bay Management Corp. and its division The Michael-Shaked Group
as expert consultant.

On April 25, 2017, the Debtors filed a disclosure statement, which
explains its proposed Chapter 11 plan of reorganization.  The
Debtors' plan, if confirmed and implemented, would reduce their
debt to $469 million.


PAYLESS HOLDINGS: Taps Ernst & Young as Tax Service Provider
------------------------------------------------------------
Payless Holdings LLC, et al., seek authority from the U.S.
Bankruptcy Court for the Eastern District of Missouri to employ
Ernst & Young LLP, as tax service provider to the Debtors.

Payless Holdings requires Ernst & Young to:

   (a) assist migrating the corporate domiciles of certain of the
       Debtors subsidiaries and advising on related
       considerations;

   (b) assist setting up corporate structures to optimize the
       Debtors global organization structure;

   (c) assist with global tax compliance;

   (d) assist with certain U.S. financial statements and
       reporting requirements;

   (e) assist in analyzing and assessing certain transfer pricing
       related issues; and

   (f) assist with bankruptcy-related tax services.

Ernst & Young will be paid at these hourly rates:

     Executive Director/Principal/Partner            $640-$740
     Senior Manager                                  $520-$590
     Manager                                         $470-$520
     Senior Staff                                    $280-$360

During the 90 days immediately preceding the Petition Date, the
Debtors paid Ernst & Young amounts totaling $1,077,536. The $50,000
of which constituted retainer payments.

Ernst & Young is currently holding a retainer totaling $40,917,
which retainer is to be applied by Ernst & Young in payment of
compensation and reimbursement of expenses incurred in the future,
subject to prior Court approval.

Ernst & Young will also be reimbursed for reasonable out-of-pocket
expenses incurred.

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

Ernst & Young can be reached at:

     Bruce E. Snyder
     ERNST & YOUNG LLP
     One Kansas City Place, Suite 2500
     Kansas City, MO 64105-2143
     Tel: (816) 474-5200
     Fax: (816) 480-5369

                   About Payless Holdings LLC

Payless Holdings LLC and its subsidiaries sought protection under
Chapter 11 of the Bankruptcy Code (Bankr. E.D. Mo. Lead Case No.
17-42267) on April 4, 2017. The petitions were signed by Paul J.
Jones, chief executive officer. At the time of the filing, the
Debtors estimated their assets at $500 million to $1 billion and
liabilities at $1 billion to $10 billion.

Payless -- http://www.payless.com/-- was founded in 1956 as an
everyday footwear retailer. The Company is headquartered in Topeka,
Kansas, but its operations span across Asia, the Middle East, Latin
America, Europe, and the United States. Payless first traded
publicly in 1962, and was taken private in May 2012. Payless
Holdings, LLC currently owns, directly or indirectly, each of its
91 subsidiaries.

As of the bankruptcy filing, Payless had more than 4,000 stores in
more than 30 countries, and employed approximately 22,000 people.
In April 2017, it sought court approval to close an initial 389
stores, and the following month it sought court approval to close
408 more stores.

The Debtors hired Alvarez & Marsal North America LLC as
restructuring advisor; Prime Clerk LLC as claims, balloting and
administrative agent; and Osler, Hoskin & Harcourt LLP as CCAA
counsel. PricewaterhouseCoopers LLP, as independent auditors and
tax consultants; Ernst & Young LLP, as tax service provider.

On April 14, 2017, the Office of the U.S. Trustee appointed an
official committee of unsecured creditors. The unsecured creditors
committee has tapped Pachulski Stang Ziehl & Jones LLP as lead
counsel to the Committee, Polsinelli PC as its local counsel, and
Province Inc. as financial advisor. The committee has retained Back
Bay Management Corp. and its division The Michael-Shaked Group as
expert consultant.

On April 25, 2017, the Debtors filed a disclosure statement, which
explains its proposed Chapter 11 plan of reorganization. The
Debtors' plan, if confirmed and implemented, would reduce their
debt to $469 million.


PAYLESS HOLDINGS: Taps PwC as Independent Auditor
-------------------------------------------------
Payless Holdings LLC, et al., seek authority from the U.S.
Bankruptcy Court for the Eastern District of Missouri to employ
PricewaterhouseCoopers LLP, as independent auditors and tax
consultants to the Debtors.

Payless Holdings requires PwC to:

   a. audit the consolidated financial statements of Payless
      Inc., as of January 28, 2017, including the consolidated
      balance sheet and the related consolidated statements of
      results of operations and comprehensive loss, shareholders'
      equity, and cash flows for the year then ending;

   b. provide the Debtors with a written audit report on the
      financial statements as of January 28, 2017, once the audit
      is complete;

   c. audit the statutory financial statements of Payless
      ShoeSource of Puerto Rico Group as of January 28, 2017 and
      for the 52 weeks then ending and provide the Debtors with
      the audit report, once the audit is complete;

   d. audit the financial statement of certain profit sharing
      plans and address the supplemental information required by
      the Employee Retirement Income Security Act of 1974;

   e. provide the Debtors with tax and accounting services
      relating to the Debtor's Chapter 11 cases, including fresh
      start accounting, valuation analysis and other accounting
      and advisory services;

   f. provide the Debtors with tax compliance services for the
      2016 tax year, including to prepare and sign applicable
      corporate income tax return forms based on information
      provided by the Debtors;

   g. complete certain 2017 tax compliance services, including
      coordinating tax compliance and allocations for the Debtors
      for the 2017 tax year and prepare year-end estimates,
      estimated tax payments, allocations, and related tax
      consulting; and

   h. provide additional services as necessary to respond to tax
      matters, such as offering advice or respond to inquiries
      regarding federal, state, local, and international tax
      matters, or matters involving the Internal Revenue Service
      or other tax authorities.

PwC will be paid as follows:

   a. fees relating to the audit of the Debtors' consolidated
      financial statements as of January 28, 2017 will be
      compensated by a $990,000 fixed fee, to be billed as
      follows: (i) $275,000 in November 2016; (ii) $275,000 in
      December 2016; (iii) $275,000 in January 2017; and (iv)
      $165,000 in February 2017. PwC was previously paid $440,000
      for services conducted prepetition related to the audit
      prior to the petition date.

   b. for tax compliance services for the 2016 tax year, by a
      fixed fee ranging $28,500-$36,000. PwC was previously paid
      $13,000 fro services conducted prepetition related to tax
      compliance prior to the petition date.

   c. PwC will be paid at these hourly rates:

          Partner/Principal             $639-$956
          Managing Director             $770-$822
          Director/Senior Manager       $384-$740
          Manager                       $279-$576
          Senior Associate              $218-$473
          Associate                     $120-$393
          Staff                         $66-$125

   d. fees related to the Plan Services will be billed in a fixed
      amount of $56,000.

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

PwC can be reached at:

     Christopher Briggs
     PRICEWATERHOUSECOOPERS LLP
     1100 Walnut Suite 1300
     Kansas City, MO 64106
     Tel: (816) 472-7921
     Fax: (816) 218-1890

                   About Payless Holdings LLC

Payless Holdings LLC and its subsidiaries sought protection under
Chapter 11 of the Bankruptcy Code (Bankr. E.D. Mo. Lead Case No.
17-42267) on April 4, 2017. The petitions were signed by Paul J.
Jones, chief executive officer. At the time of the filing, the
Debtors estimated their assets at $500 million to $1 billion and
liabilities at $1 billion to $10 billion.

Payless -- http://www.payless.com/-- was founded in 1956 as an
everyday footwear retailer. The Company is headquartered in Topeka,
Kansas, but its operations span across Asia, the Middle East, Latin
America, Europe, and the United States. Payless first traded
publicly in 1962, and was taken private in May 2012. Payless
Holdings, LLC currently owns, directly or indirectly, each of its
91 subsidiaries.

As of the bankruptcy filing, Payless had more than 4,000 stores in
more than 30 countries, and employed approximately 22,000 people.
In April 2017, it sought court approval to close an initial 389
stores, and the following month it sought court approval to close
408 more stores.

The Debtors hired Alvarez & Marsal North America LLC as
restructuring advisor; Prime Clerk LLC as claims, balloting and
administrative agent; and Osler, Hoskin & Harcourt LLP as CCAA
counsel. PricewaterhouseCoopers LLP, as independent auditors and
tax consultants; Ernst & Young LLP, as tax service provider.

On April 14, 2017, the Office of the U.S. Trustee appointed an
official committee of unsecured creditors. The unsecured creditors
committee has tapped Pachulski Stang Ziehl & Jones LLP as lead
counsel to the Committee, Polsinelli PC as its local counsel, and
Province Inc. as financial advisor. The committee has retained Back
Bay Management Corp. and its division The Michael-Shaked Group as
expert consultant.

On April 25, 2017, the Debtors filed a disclosure statement, which
explains its proposed Chapter 11 plan of reorganization. The
Debtors' plan, if confirmed and implemented, would reduce their
debt to $469 million.


PENN ENGINEERING: S&P Cuts Rating on Euro Term Loan Tranche to BB-
------------------------------------------------------------------
S&P Global Ratings lowered its issue-level rating on the
euro-denominated term loan tranche of Penn Engineering &
Manufacturing Corp.'s proposed credit facilities to 'BB-' from 'BB'
and revised its recovery rating on the tranche to '2' from '1'.
The '2' recovery rating indicates S&P's expectation for substantial
recovery (70%-90%; rounded estimate: 75%) in the event of a payment
default.

S&P lowered its issue-level rating and revised its recovery rating
on the euro-denominated term loan tranche to bring them in-line
with S&P's ratings on the dollar-denominated tranche because S&P
understands that the credit agreement now includes a collateral
allocation mechanism, which would equalize lender recoveries in a
default scenario.

                          RECOVERY ANALYSIS

Key analytical factors

   -- S&P's simulated default scenario assumes a payment default
      in 2021 against a backdrop of sustained global macroeconomic

      weakness that causes the company's key end markets,
      including the automotive and industrial markets, to decline
      significantly.

   -- S&P's recovery analysis assumes that the credit facility
      would be 85% drawn prior to a default.

Simulated default assumptions

   -- Simulated default year: 2021
   -- EBITDA at emergence: $114 million
   -- EBITDA multiple: 5.5x

Simplified waterfall

   -- Net enterprise value (after 5% administrative costs):
      $595 million
   -- Secured debt: $775 million (including revolving credit
      facility and term loans)
      -- Recovery expectations (USD and euro term loans): 70%-90%
      (rounded estimate 75%)

Note: All debt amounts include six months of prepetition interest.

RATINGS LIST

Penn Engineering & Manufacturing Corp.
Corporate Credit Rating                B+/Stable/--

Ratings Lowered; Recovery Rating Revised
                                        To       From
PEG GmbH
Senior Secured
  EUR118 mil fltg rate term C bank ln   BB-      BB
  due 2024                              
   Recovery Rating                      2(75%)   1(95%)



PETER RESSLER: Bankruptcy Attorney Admits to Defrauding Clients
---------------------------------------------------------------
Deirdre M. Daly, United States Attorney for the District of
Connecticut, announced June 7, 2017, that Peter Ressler, 70, of
Woodbridge, waived his right to be indicted and pleaded guilty
before Senior U.S. District Judge Alfred V. Covello in Hartford to
embezzling millions of dollars from his bankruptcy clients, and to
related fraud offenses.

According to court documents and statements made in court, Mr.
Ressler, an attorney with a bankruptcy practice based in New Haven,
defrauded numerous clients in various ways.  First, Mr. Ressler
took retainers from at least 30 clients for various legal matters
on their behalf, including protection under Chapters 7, 11, and 13
of the Bankruptcy Code.  Although Mr. Ressler represented that he
would hold the funds in trust until he provided legal services, he
used the monies for other expenses.

In addition, Mr. Ressler required certain clients who were seeking
a Chapter 11 or Chapter 13 reorganization to deposit funds and
represented that such monies would be held in trust for purposes of
the anticipated reorganization.  Mr. Ressler obtained the funds
after he had filed formal bankruptcy actions, which created
relevant bankruptcy estates for which he had a continuing duty to
maintain client assets under his control and to give appropriate
accountings to the U.S. bankruptcy court.  Mr. Ressler was
entrusted with hundreds of thousands of dollars from at least 10
businesses involved with Chapter 11 reorganizations.  Instead of
holding the funds in trust, he used the monies for other purposes.

As part of both Chapter 11 and Chapter 13 filings, Mr. Ressler
submitted multiple documents to the bankruptcy court that
represented the status of a Debtor's assets and liquidity,
including the debtor-in-possession monthly operating reports.  In
various instances, Mr. Ressler had already improperly dissipated a
portion of a client/debtor's assets and knew that operating reports
filed for certain clients contained false representations, which
misled both the bankruptcy court and creditors as to a debtor's
true financial condition.  When asked directly in hearings as to
whether certain assets existed in certain accounts, Mr. Ressler
falsely represented that certain assets existed, when he knew that
they did not.

Mr. Ressler also engaged in "work outs" where he would attempt to
settle a client's debts with creditors without relying on the
protections of bankruptcy.  As part of this process, Mr. Ressler
requested that his clients deposit with him funds and represented
that he would hold the funds in trust and then use them to settle
disagreements with financial institutions or other creditors, such
as the IRS, or for some other purpose on behalf of his clients. The
investigation revealed that Mr. Ressler took $64,000 from a client
purportedly to purchase property; $180,000 from a client to hold
money in escrow; $45,000 from another client purportedly to buy
back a home in foreclosure; $100,000 from a client to hold money in
escrow; $97,000 from a client to hold money in escrow; $102,000 and
$50,000 from two other clients purportedly to settle tax
obligations with the IRS; at least $199,000 from a client to
negotiate a settlement with the IRS; $141,000 from a client to
settle debts with IRS and a lender; and $165,000 from a client
purportedly to negotiate a loan modification with a lender. In each
instance, Mr. Ressler used the monies for other purposes.

In the spring of 2016, the U.S. bankruptcy court identified
criminal conduct by Mr. Ressler in cases involving debtors that
were his clients.  In one case, the debtor entrusted Mr. Ressler
with $450,000, which were proceeds of a legal settlement, to be
held by Mr. Ressler's firm for the benefit of the debtor and its
creditors.  In a second case, the debtor entrusted Mr. Ressler's
firm with approximately $321,409.  In both cases, most of the
deposited funds were used by Mr. Ressler for other purposes than on
behalf of the relevant clients.

In total, Mr. Ressler misappropriated at least $3.4 million in
client funds and used the money for personal and family living
expenses, to cover the expenses of his practice, and to fund
payments relating to other clients and other bankruptcy estates
from which he had previously improperly taken monies.

Mr. Ressler pleaded guilty to one count of wire fraud, two counts
of embezzlement from a bankruptcy estate, and one count of
bankruptcy fraud.  Judge Covello scheduled sentencing for Sept. 6,
2017, at which time Mr. Ressler faces a maximum term of
imprisonment of 35 years and a fine of up to approximately $6.8
million.

Mr. Ressler has been released on a $100,000 bond since his arrest
on April 25, 2016.  He resigned from the Connecticut bar in March
2016.

This matter is being investigated by the Federal Bureau of
Investigation and is being prosecuted by Assistant U.S. Attorney
Christopher W. Schmeisser.


PIN OAK: Case Summary & 20 Largest Unsecured Creditors
------------------------------------------------------
Debtor: Pin Oak Properties, LLC
        3120 Fairway Drive
        Morgantown, WV 26508

Type of Business: The Debtor listed its business as a single asset
             
                  real estate (as defined in 11 U.S.C. Section
                  101(51B)).  It holds an equitable interest in
                  29.64 acres, 0.637 acres, and 0.944 acres of
                  real estate located in Middletown Mall, White
                  Hall, Grant District, Marion County, West
                  Virginia.  The Property is valued at $18
                  million.

Chapter 11 Petition Date: June 7, 2017

Case No.: 17-00608

Court: United States Bankruptcy Court
       Northern District of West Virginia (Clarksburg)

Judge: Hon. Patrick M. Flatley

Debtor's Counsel: David M. Jecklin, Esq.
                  GIANOLA, BARNUM, BECHTEL & JECKLIN, LC
                  1714 Mileground
                  Morgantown, WV 26505
                  Tel: 304-291-6300
                  Fax: 304-291-6307
                  E-mail: djecklin@gbbjlaw.com

Scheduled Assets: $18 million

Scheduled Liabilities: $14.11 million

The petition was signed by Dietrich Steve Fansler, managing
member.

Debtor's List of 20 Largest Unsecured Creditors:

   Entity                          Nature of Claim   Claim Amount
   ------                          ---------------   ------------
City of Fairmont                    Business Debt         $7,882

CW Stickley                         Business Debt        $12,031

Internal Revenue Service          Federal Tax Lien       $51,751
                                  for 940 taxes for
                                  period ending
                                  12/31/15 and 941
                                  taxes period ending
                                  03/31/16; 06/30/16;
                                  and 09/30/16.

Internal Revenue Service          Federal tax lien       $43,203
                                  for 941 taxes for
                                  periods ending:
                                  12/31/14; 09/30/15;
                                  and 12/31/15.

Internal Revenue Service          Federal tax lien       $24,329
                                  for 940 taxes for
                                  period ending
                                  12/31/10 and 941
                                  taxes for period
                                  ending 09/30/14

Internal Revenue Service          Federal tax lien       $21,454
                                  for 941 taxes for
                                  periods ending
                                  03/31/15.

Internal Revenue Service          Federal tax lien       $20,704
                                  for 940 taxes for
                                  period ending
                                  12/31/14 and 941
                                  taxes for period
                                  ending 06/30/15.


Lee's Drywall                     Consumer Debt        $170,721

Marion County                   Real Estate Taxes      $335,498
Sheriff Tax Office
200 Jackson St 101
Fairmont, WV 26555

Morgantown Security & Fire         Business Debt         $2,313

Peoples Gas                        Business Debt         $2,646

Rosso Roofing                      Business Debt         $4,240

State of WV Tax Dept.                 Taxes             $37,924

Town of White Hall                  Fire fee            $88,374

Travelers                          Business Debt         $3,547

West Virginia State              State tax lien for     $36,595
Tax Department                  periods: 03/31/14;
Bankruptcy Division             06/30/14; 09/30/14;
                                12/31/14; 03/31/15;
                                06/30/15; 09/30/15;
                                  and 12/31/15.

WorkForce WV Legal Section        Unemployment           $2,464
                                 Compensation tax
                                 lien for 07/01/15
                                 through 09/30/15
                                  and 01/01/16
                                 through 03/31/16.

WorkForce WV Legal Section         Unemployment         $11,471
                                 Compensation tax
                                 lien for 10/01/14
                                 through 06/30/15.

WV Insurance Commissioner              Tax               $6,031

WV Unemployment                        Tax               $8,928
Compensation Div.


PM HOLDINGS: U.S. Trustee Unable to Appoint Committee
-----------------------------------------------------
An official committee of unsecured creditors has not yet been
appointed in the Chapter 11 case of PM Holdings, LLC, as of June 6,
according to a court docket.

                    About PM Holdings, LLC

PM Holdings, LLC, sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. S.D. Tex. Case No. 17-32327) on April 16,
2017, disclosing under $1 million in both assets and liabilities.
The petition was signed by David Piper, owner.  The Debtor is
represented by Jessica L. Hoff, Esq., at of Hoff Law Offices, P.C.


QUINCY MEDICAL: State Law Governs Executives' Severance Claims
--------------------------------------------------------------
The Court of Appeals for First Circuit affirmed the District
Dourt's ruling that the bankruptcy court lacked subject matter
jurisdiction over Apurv Gupta's and Victor Munger's
post-confirmation claims for severance payments against the
purchaser of the assets of Debtors Quincy Medical Center, Inc., QMC
ED Physicians, Inc. and Quincy Physician Corporation.

Gupta and Munger were senior executives at Quincy Medical Center, a
hospital operated by the Debtors in Quincy, Massachusetts.

On June 30, 2011, the Debtors signed an Asset Purchase Agreement
whereby they agreed to sell substantially all of their assets to
Quincy Medical Center, a Steward Family Hospital, Inc., f/k/a
Steward Medical Holdings Subsidiary Five, Inc.  One day later, on
July 1, 2011, the Debtors filed voluntary petitions under Chapter
11 of the Bankruptcy Code, and a Sale Motion seeking bankruptcy
court approval of the APA.

Under the APA, "[Steward] will offer employment by [Steward] to
each of the Employees who remain employed by [Debtors] as of a
recent date . . . such employment to commence immediately following
the Closing." Section 9.2 of the APA further provides that Steward
is obligated to pay each transferred employee "base wage and salary
levels provided to such Employees immediately prior to the Closing"
for no less than three months after the closing date. Additionally,
Section 5.14(c) of the APA provides that "upon [Steward's]
termination of the employment . . . of any employees . . . of
[Debtors] at or following the Closing, [Steward] shall be liable to
any of such persons for severance or retention pay or any other
payments otherwise due them as employees . . . for [Debtors]."

Subsequently, on Sept. 26, 2011, the Bankruptcy Court issued an
order approving the APA, and the sale closed on October 1, 2011.
Six days later, the Debtors filed a proposed Chapter 11 plan of
reorganizatio, which was thereafter confirmed by the court. The
Sale Order and the Plan each contain provisions regarding the
retention of jurisdiction by the Bankruptcy Court over any disputes
arising under them.

On October 7, 2011, Gupta and Munger received letters from the
Debtors stating that their employment was terminated effective
October 1 -- the day the sale closed.

Consequently, Gupta and Munger sought severance pay from the
Debtors by filing motions in the bankruptcy court for allowance of
administrative expenses against the Debtors, arguing that their
claims for severance pay against the Debtors qualified as expenses
of administration of a Chapter 11 case under the Bankruptcy Code.
The Debtors opposed these claims, arguing that the claims were
properly against Steward because Steward had violated the APA by
not offering employment to Gupta and Munger.

The Bankruptcy Court denied Gupta's and Munger's claims against the
Debtors, holding that severance pay is entitled to administrative
expense priority only to the extent it is tied to the employee's
length of service and only for the portion of severance pay
attributable to post petition services. The court further held
that, because the severance pay claims were unrelated to Gupta's
and Munger's salaries and lengths of service with the Debtors, the
claims were not entitled to treatment as expenses of administration
under Bankruptcy Code.

The Bankruptcy Court, however, found that it had subject matter
jurisdiction to hear the claims against Steward pursuant to the
retention of jurisdiction provisions of the Sale Order and the
Court's authority to interpret and enforce its own prior orders.
The court held Steward liable to Gupta and Munger under the APA for
their severance pay.

As such, Steward appealed to the District Court, which concluded
that Gupta's and Munger's claims against Steward fell outside the
bankruptcy court's statutorily granted jurisdiction and that the
retention of jurisdiction provision relied upon by the bankruptcy
court did not change such analysis. The District Court, therefore,
vacated the judgments against Steward and remanded with
instructions to dismiss Gupta's and Munger's claims.

In this appeal, Gupta and Munger contend that the District Court
erred in concluding that their severance claims against Steward
fell outside the bankruptcy court's statutorily granted
jurisdiction.

The First Circuit held that bankruptcy courts -- like all federal
courts -- may retain jurisdiction to interpret and enforce their
prior orders. Hence, despite the routine inclusion of
retention-of-jurisdiction provisions in Chapter 11 plans, they may
be given effect only if there is jurisdiction under the Bankruptcy
Code. Since Gupta's and Munger's claims for severance pay from
Steward derive solely from Steward's alleged breach of sections 5
and 9 of the APA, the First Circuit held that Gupta's and Munger's
do not arise under title 11 because Massachusetts contract law,
rather than the Bankruptcy Code, creates their cause of action.

In addition, the First Circuit held that Gupta's and Munger's
claims against Steward could have no conceivable impact upon the
Debtors' bankruptcy estate. The First Circuit pointed out that
Gupta's and Munger's argument -- insisting that their claims,
although framed as state law claims . . . depend upon an
interpretation of the Bankruptcy Court's Sale Order -- misses the
mark because the bankruptcy court's mere approval of Debtors' sale
of assets to Steward did not automatically create jurisdiction over
all future contract disputes somehow related to the APA.

As the District Court explained, Gupta's and Munger's claims look
like ones that could have arisen entirely outside the bankruptcy
context. They are essentially employment disputes that could arise
in any asset sale, regardless of whether the sale involved a
bankruptcy proceeding. Therefore, the Court of Appeals concluded
that Gupta's and Munger's claims are not merely framed as state law
claims, but are claims which may be decided solely under
Massachusetts law.

The First Circuit said its conclusion was buttressed by the fact
that Gupta and Munger filed almost identical claims for breach of
the APA against Steward in Massachusetts State Court, in the case
entitled: Munger et al. v. Quincy Medical Center, a Steward Family
Hospital, Inc., Civil Action No. 15-2099-C, while this appeal was
pending.

The appeals case is APURV GUPTA, M.D.; VICTOR MUNGER,
Plaintiffs-Appellants, v. QUINCY MEDICAL CENTER, A STEWARD FAMILY
HOSPITAL, INC., Defendant-Appellee, No. 15-1183  (1st Cir.).

A full-text copy of the Court's June 2, 2017 ruling is available at
https://is.gd/f8hy5Y from Leagle.com.

                    About Quincy Medical Center

Quincy Medical Center is a 196-bed, nonprofit hospital in Quincy,
Massachusetts.  Quincy Medical Center, Inc. together with two
affiliates, sought Chapter 11 protection (Bankr. D. Mass. Lead Case
No. 11-16394) on July 1, 2011.  John T. Morrier, Esq., at Casner &
Edwards, LLP, in Boston, serves as counsel to the Debtors.
Navigant Capital Advisor LLC and Navigant Consulting Inc. serve as
financial advisors.  Epiq Bankruptcy Solutions LLC is the claims,
noticing, and balloting agent.

Quincy disclosed assets of $73 million and liabilities of $79.4
million.  Debt includes $56.4 million owing on secured bonds issued
through a state health-care finance agency.  There is another $2.5
million secured obligation owing to Boston Medical Center Corp.
Accrued liabilities are $18.2 million.

On July 12, 2011, the U.S. Trustee for the District of
Massachusetts appointed the Official Committee of Unsecured
Creditors.  Counsel to the Creditors' Committee is Jeffrey D.
Sternklar, Esq., at Duane Morris LLP, in Boston, Massachusetts.
Deloitte Financial Advisory Services LLC is the financial advisor
to the Creditors' Committee.

Quincy sold its hospital facility to Steward Health Care System
LLC, in October 2011 for $52.4 million, not enough for full payment
to secured bondholders owed $56.5 million. The bonds were issued
through a state health-care finance agency.  Nonetheless, $562,500
-- not subject to bondholders' deficiency claims -- was set aside
for unsecured creditors with claims estimated to total between $6
million and $7 million.  The disclosure statement estimated
unsecured creditors would recover about 8.4%.

In November 2011, the Court approved the Chapter 11 liquidation
plan.  The Plan was later declared effective on Dec. 7, 2011.


R & S ST. ROSE: Lenders Plan Distribution Won't Harm BB&T
---------------------------------------------------------
Judge Miranda M. Du of the U.S. District Court for the District of
Nevada denied Branch Banking and Trust Company's emergency motion
to stay the bankruptcy court's confirmation order pending appeal
because BB&T fails to establish that it will likely suffer
irreparable injury in the absence of a stay.

This case concerns an appeal of a decision of the U.S. Bankruptcy
Court for the District of Nevada in which the court confirmed R & S
St. Rose Lenders, LLC's Third Amended Plan of Liquidation, where
BB&T presents six issues to the Court on appeal, asking whether the
bankruptcy court erred in:

     (1) confirming debtor Lenders Plan;

     (2) waiving the 14-day stay;

     (3) allowing claimants with fundamentally dissimilar claims in
the single class 1 of R&S Lenders' claimants of the Plan, in
violation of the Bankruptcy Code;

     (4) confirming the Plan where it does not meet the good faith
standard because the Plan rewards participants in a business that
is akin to a Ponzi Scheme;

     (5) concluding that R&S Lenders' class of claimants set forth
in class 1 comprises the requisite impaired consenting class, even
though insider members of class 1 cast ballots, thereby
compromising R&S Lenders' ability to rely on class 1 to satisfy the
dual threshold calculations; and

     (6) concluding that R&S Lenders' claim as alleged in the Rose
Case was valid and that R&S Lenders had an entitlement to proceeds
arising from its claim as alleged in the Rose Case.

While this appeal concerns the bankruptcy of R&S Lenders, the
bankruptcy of a related entity, R&S St. Rose, LLC, is relevant in
this case.

R&S Rose obtained a $29,305,250 Acquisition Loan from Colonial
Bank, N.A., in August of 2005, which was secured by a first
position deed of trust recorded against the Property.  In addition,
R&S Rose obtained additional funds from a group of investors whose
loans were secured by a deed of trust ("Lenders DOT").

Colonial Bank issued a second loan to R&S Rose in 2007 for
$43,980,000 to develop the Property, which was secured through a
Deed of Trust and Security Agreement and Fixture Filing with
Assignment of Rents.  Some of the Construction Loan was used to pay
off the Acquisition Loan.  Colonial Bank required (and believed it
received) a first position deed of trust against the Property for
the Construction Loan.

Colonial Bank conditioned disbursements of the Construction Loan on
receiving first positon deed of trust, which would have required
that the Lenders DOT be released or subordinated. However, sometime
between July and September of 2008, it became apparent that the
Lenders DOT and not the Colonial DOT had been placed in first
position against the Property.

In August of 2009, BB&T became the successor-in-interest to
Colonial Bank after the Federal Deposit Insurance Corporation was
appointed as received for Colonial Bank.

On April 4, 2011, R&S Rose and R&S Lenders filed separate voluntary
Chapter 11 bankruptcy petitions.

On August 2, 2013, R&S Rose filed a proposed Chapter 11 liquidating
plan in its bankruptcy case, which was then confirmed by order of
the bankruptcy court on November 8. The Court ordered that the
Property be sold. Pursuant to the Rose Plan, the net proceeds from
the sale were then paid to R&S Lenders.

On April 18, 2016, R&S Lenders filed a proposed Chapter 11
liquidating plan in the Lenders Case, and a revised version of this
Plan was filed on November 1. The bankruptcy court held an
evidentiary hearing on November 7, which resulted in the bankruptcy
court's confirmation of the Lenders' Plan. The bankruptcy court's
order confirming the Lenders' Plan was entered on April 28, 2017.
That same day, BB&T filed a notice of appeal of the bankruptcy
court's confirmation order as well as a motion to stay pending
appeal.

In its Motion, BB&T states that irreparable harm exists because if
a stay pending BB&T's appeal is denied, approximately $5,000,000. .
. will be distributed through liquidation to the 55 members of
Class 1. BB&T also makes reference to three other distinct appeals,
claiming that success on any of these appeals "will eliminate R&S
Lenders' ability to distribute funds under the Lenders Plan."

BB&T contended that R&S Lenders reported a cash balance of
$11,685,324 in March of 2017.

On May 10, 2017, the motion to stay was heard by the bankruptcy
court and continued to May 12, 2017, for further proceedings.
However, on May 12, 2017, the bankruptcy court denied BB&T's motion
to stay. As such, BB&T filed its election to appeal the bankruptcy
court's confirmation order to the District Court.

In finding that BB&T failed to establish that it will likely suffer
irreparable injury in the absence of a stay, the District Court
held that the mere possibility of irreparably injury is not
sufficient to warrant a stay.

The District Court observed that BB&T did not argue that this $5
million will be difficult or impossible to recover should the Court
refuse to stay distribution. Instead, BB&T asserted that
irreparable injury flows from the distribution of funds derived
from R&S Lenders' disputed claim as filed in the Rose Case -- that
is the subject of the appeals related to the bankruptcy court
judgment and order determining the amount of R&S Lenders claim in
the Rose Case.

Since the appeals in the Rose Case and the appeal related to
substantive consolidation of R&S Rose and R&S Lenders estates were
not issues before the Court, therefore, the District Court cannot
consider appeals of claim allowances in another bankruptcy in
determining whether irreparable injury would result if the Court
allowed distribution of the $5 million to Class 1 claimants in the
Lenders Case.

The case is BRANCH BANKING AND TRUST COMPANY, Appellant, v. R & S
ST. ROSE LENDERS, LLC, R&S ST. ROSE, LLC, R & S INVESTMENT GROUP,
COMMONWEALTH LAND TITLE INSURANCE COMPANY, THE CREDITOR GROUP, AND
US TRUSTEE, Appellees, Case No. 2:17-cv-01322-MMD (D. Nev.).

A full-text copy of the District Court's June 2, 2017 ruling is
available at https://is.gd/pv5z3G from Leagle.com.

                       About R & S St. Rose Lenders

Las Vegas, Nevada-based R & S St. Rose Lenders, LLC, filed for
Chapter 11 bankruptcy protection (Bankr. D. Nev. Case No. 11-14973)
on April 4, 2011. Rose Lenders disclosed $12,041,574 in assets and
$24,502,319 in liabilities in its schedules, as amended. Its
primary asset consists of its claim in the scheduled amount of $12
million against R&S St. Rose, LLC.

Affiliate R & S St. Rose, LLC, filed a separate Chapter 11 petition
(Bankr. D. Nev. Case No. 11-14974) on April 4, 2011. According to
its schedules, it disclosed $16,821,500 in total assets and
$48,293,866 in total debts. Its primary asset consists of a fee
simple interest in approximately 38 acres of raw land located in
Henderson, Nevada.

R & S ST Rose Lenders' bankruptcy case is assigned to Judge Mike K.
Nakagawa.

R&S St. Rose Lenders has tapped Nedda Ghandi, Esq., of Ghandi Law
Offices as bankruptcy counsel. The Debtor previously had Larson &
Larson as counsel but the application was opposed by the U.S.
Trustee, prompting the withdrawal.

Commonwealth Land Title Insurance Company is represented by Scott
E. Gizer, Esq., at Early Sullivan Wright Gizer & McRae LLP, in Las
Vegas, Nevada, and Mary C.G. Kaufman, Esq., at Early Sullivan
Wright Gizer & McRae LLP, in Los Angeles, California.

Branch Banking and Trust Company is represented by J. Stephen Peek,
Esq., and Joseph G. Went, Esq., at Holland & Hart LLP, in Las
Vegas, Nevada.


RAY ROGERS: Voluntary Chapter 11 Case Summary
---------------------------------------------
Debtor: Ray Rogers Timber Company, Inc.
        2331 Highway 371 W
        Nashville, AR 71852

Business Description: Ray Rogers is a small business debtor as
                      defined in 11 U.S.C. Section 101(51D)
                      categorized under the logging industry.

Chapter 11 Petition Date: June 7, 2017

Case No.: 17-71461

Court: United States Bankruptcy Court
       Western District of Arkansas (Texarkana)

Judge: Hon. Richard D. Taylor

Debtor's Counsel: Rufus E. Wolff, Esq.
                  WOLFF & WARD, PLLC
                  900 S. Shackleford, 615
                  Little Rock, AR 72211
                  Tel: 501-954-8000
                  Fax: 866-419-1601
                  E-mail: rwolff@wolfflawfirm.net

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by E. Ray Rogers, president.

The Debtor failed to include a list of its 20 largest unsecured
creditors at the time of the filing.

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

           http://bankrupt.com/misc/arwb17-71461.pdf


RENNOVA HEALTH: Closes $795,000 Debentures Due September 2017
-------------------------------------------------------------
Rennova Health, Inc., closed an offering of $795,000 aggregate
principal amount of Original Issue Discount Debentures due
Sept. 1, 2017, and warrants to purchase an aggregate of 500,000
shares of common stock for a purchase price of $750,000.  The
offering was pursuant to the terms of the Securities Purchase
Agreement, dated as of June 2, 2017, between the Company and the
accredited investors party thereto.

The Purchase Agreement provides that, for a one-year period after
the closing date, the purchasers will have the right to participate
in any issuance by the Company of common stock or common stock
equivalents for cash consideration, indebtedness or a combination
of units thereof, with certain exceptions.  Also, until the date
when the purchasers no longer hold any Debentures, in the event the
Company undertakes or enters into an agreement to undertake a
Subsequent Financing, a purchaser may elect to exchange all or some
of its Debentures (but not including any Warrants) for any
securities or units issued in such Subsequent Financing on a $0.80
principal amount of Debenture for $1.00 new subscription amount
basis based on the outstanding principal amount of such Debenture
(along with any accrued but unpaid interest, liquidated damages and
other amounts owing thereon); provided, however, in the event the
purchasers purchase 100% of such Subsequent Financing, then the
exchange factor is $1.00 for $1.00.

The Purchase Agreement also provides that the Company will hold a
meeting of stockholders (which may also be the annual meeting of
stockholders) at the earliest practicable date to obtain
stockholder approval of at least a 1-for-8 reverse split of the
common stock.  Promptly following receipt of such stockholder
approval, the Company will cause the reverse split to occur.  If
such stockholder approval is not obtained on or before Aug. 16,
2017, it will be an event of default under the Debentures.

The Warrants are exercisable into shares of the Company's common
stock at any time from and after Dec. 2, 2017, at an exercise price
of $0.39 per common share (subject to adjustment).  The Warrants
will terminate five years after they become exercisable.

The Debentures are guaranteed by substantially all of the
subsidiaries of the Company pursuant to a Subsidiary Guarantee,
dated as of June 2, 2017, in favor of the holders of the Debentures
by the subsidiary guarantors party thereto.

The issuance of the Debentures and the Warrants was exempt from the
registration requirements of the Securities Act of 1933, as
amended, in accordance with Section 4(2) thereof, as a transaction
by an issuer not involving a public offering.

                      About Rennova Health

Rennova Health, Inc. -- http://www.rennovahealth.com/-- provides
industry-leading diagnostics and supportive software solutions to
healthcare providers, delivering an efficient, effective patient
experience and superior clinical outcomes.  Through an
ever-expanding group of strategic brands that work in unison to
empower customers, it is creating the next generation of
healthcare.

Rennova Health reported a net loss of $32.61 million on $5.24
million of net revenues for the year ended Dec. 31, 2016, compared
with a net loss of $35.96 million on $18.39 million of net revenues
for the year ended Dec. 31, 2015.

As of March 31, 2017, Rennova Health had $8.31 million in total
assets, $73.64 million in total liabilities and a total
stockholders' deficit of $65.33 million.

Green & Company, CPAs, in Temple Terrace, Florida, issued a "going
concern" qualification on the consolidated financial statements for
the year ended Dec. 31, 2016, citing that the Company has
significant net losses and cash flow deficiencies.  Those
conditions raise substantial doubt about the Company's ability to
continue as a going concern.


REO HOLDINGS: Trustee Proposes Auction of 3 Tennessee Properties
----------------------------------------------------------------
Eva M. Lemeh, the Chapter 11 Trustee of Reo Holdings, LLC, asks the
U.S. Bankruptcy Court for the Middle District of Tennessee to
authorize the sale at auction of properties located at (i) 3908
Augusta Dr, Nashville, Tennessee; (ii) 6166 North New Hope Rd,
Hermitage, Tennessee; and 4988 Bull Run Rd, Ashland City, Tennessee
to be conducted by Mimi C. Genet of Bob Parks Auction Co. /
Realty.

A hearing on the Motion is set for July 18, 2017 at 9:00 a.m.  The
objection deadline is June 27, 2017.

The Debtor will hold an auction of these properties:

          a. Sale No. 1:

               i. Property Description: 3908 Augusta Dr, Nashville,
Tennessee

               ii. Date: Aug. 10, 2017 at 12:00 noon.

               iii. Location: On Site

               iv. Terms of real Estate Sale: 20% earnest money to
be paid at the auction; balance at closing to be held within 30
days of the auction.

               v. Lienholders: None

               vi. Debtor(s) Statutory Exemption: None

          b. Sale No. 2:

               i. Property Description: 6166 North New Hope Rd,
Hermitage, Tennessee

               ii. Date: Aug. 10, 2017 at 2:00 p.m.

               iii. Location: On Site

               iv. Terms of real Estate Sale: 20% earnest money to
be paid at the auction; balance at closing to be held  within 30
days of the auction.

               v. Lienholders: None

               vi. Debtor(s) Statutory Exemption: None

          c. Sale No. 3:

               i. Property Description: 4988 Bull Run Rd, Ashland
City, Tennessee

               ii. Date: Aug. 10, 2017 at 10:00 a.m.

               iii. Location: On Site

               iv. Terms of real Estate Sale: 20% earnest money to
be paid at the auction; balance at closing to be held within 30
days of the auction.

               v. Lienholders: None

               vi. Debtor(s) Statutory Exemption: None

Unless an objection is filed, the Trustee will proceed with the
sale of the described properties.  The Trustee, her employees and
Bankruptcy court officials are prohibited from bidding.

The Trustee will convey by valid Bankruptcy Trustee's deed, or
appropriate instrument, the right, title, and interest that the
Trustee has the right to convey.  The proceeds of the sale will be
subject to auctioneer's feed and expenses, all real estate taxes
due will be paid from the proceeds of the sale at closing.  Current
years will be prorated to the date of deed.  Tight On Time
Documents Inc. conducted title searches.  

The sale does not include Personal Identifiable Information (PII).


It is anticipated that there is sufficient equity in the properties
to pay all 506(c) expenses and that the sale will result in a
distribution being made to unsecured creditors and/or equity
holders of the Debtor.  The sale is an "arm's-length" transaction.


Simultaneous with the publication of the Notice, the Trustee has
made application to the Court for the appointment of the auctioneer
as auctioneer for the sale.  The auctioneer will be paid in
accordance with Local Rule 6005-1 which provides as follows: (i)
10% of gross proceeds for real property and vehicles−including
cars, trucks, trailers, all-terrain vehicles, boats, aircraft, farm
machinery and implements, and earth moving equipment; or (ii) 25%
of the first $40,000 of gross proceeds for other personal property
and 15% thereafter.

No expenses will be reimbursed.  Upon receipt of the auctioneer's
report of sale, payment of auctioneer's commission will be paid.
If the sale includes personal property, pursuant to Local Rule
6005-1(e), the auctioneer may charge a buyers' premium of 2.5% to
offset credit card processing fees.

The Trustee asks that the Court enters an Order authorizing her to
proceed with the sale of the properties pursuant free and clear of
all liens with the liens that may exist attaching to the proceeds
of the sale.

The Trustee further prays that the 14-day stay of the sale of these
properties following the entry of the Order as provided for in FRBP
6004(h) be waived.

                   About Reo Holdings, LLC

REO Holdings, LLC, filed a Chapter 11 bankruptcy petition (Bankr.
W.D. Tenn. Case No. 16-10414) on Feb. 29, 2016. The Debtor is
represented by Thomas Harold Strawn Jr., Esq.

On May 6, 2016, the case was transferred to the U.S. Bankruptcy
Court for the Middle District of Tennessee.

On July 29, 2016, the Bankruptcy Court entered an Order granting
the appointment of Eva M. Lemeh as Trustee.

On February 29, 2016, Charles E. Walker, who owns a 50% interest
in
the Debtor, filed a voluntary petition for relief under Chapter 11
with the U.S. Bankruptcy Court for the Western District of
Tennessee. On May 6, 2016, the case was transferred to the U.S.
Bankruptcy Court for the Middle District of Tennessee. On August
1,
2016, John C. McLemore was appointed to serve as the Chapter 11
Trustee of Mr. Walker.


RESOLUTE ENERGY: Starts Exchange Offer for $125M Senior Notes
--------------------------------------------------------------
Resolute Energy Corporation has commenced a registered exchange
offer to exchange up to $125,000,000 aggregate principal amount of
its 8.50% Senior Notes due 2020 which have been registered under
the Securities Act of 1933, as amended, for up to $125,000,000 of
its outstanding unregistered 8.50% Senior Notes due 2020, which
were issued on May 12, 2017.

The sole purpose of the Exchange Offer is to fulfill the Company's
obligations pursuant to a registration rights agreement entered
into by the Company in connection with the sale of the Old Notes.
Under that agreement, the Company agreed to file with the
Securities and Exchange Commission a registration statement
relating to the Exchange Offer whereby Exchange Notes, containing
substantially identical terms to the Old Notes, would be offered in
exchange for Old Notes that are validly tendered by the holders of
those notes.  After consummation of the Exchange Offer, but not
before, the Exchange Notes will be fungible with, and have the same
CUSIP or ISIN numbers as, the Company's existing 8.50% Senior Notes
due 2020 previously issued in an offering registered under the
Securities Act of 1933, as amended.  

The Exchange Offer will expire at 5:00 p.m., Eastern Time, on
July 3, 2017, unless extended.  Old Notes tendered pursuant to the
Exchange Offer may be withdrawn at any time prior to the Expiration
Date by following the procedures set forth in the prospectus
pertaining to the Exchange Offer.  The terms of the Exchange Offer
are contained in the Exchange Offer Prospectus and related letter
of transmittal.  The Company has retained Delaware Trust Company to
act as exchange agent for the Exchange Offer.

Requests for assistance or for copies of the Exchange Offer
Prospectus and the related letter of transmittal should be directed
to:

     Delaware Trust Company
     c/o Corporation Service Company
     2711 Centerville Road
     Wilmington, Delaware 19808
     Fax: 302-636-8666
     Phone: 877-374-6010

                 About Resolute Energy Corporation

Resolute Energy Corp. -- http://www.resoluteenergy.com/-- is an
independent oil and gas company focused on the acquisition,
exploration, exploitation and development of oil and gas
properties, with a particular emphasis on liquids focused,
long-lived onshore U.S. opportunities.  Resolute's properties are
located in the Paradox Basin in Utah and the Permian Basin in Texas
and New Mexico.

Resolute reported a net loss of $161.7 million in 2016 following a
net loss of $742.27 million in 2015.  As of March 31, 2017,
Resolute Energy had $489.6 million in total assets, $565.5 million
in total liabilities, and a total stockholders' deficit of $75.93
million.

                        *    *    *

As reported by the TCR on Feb. 27, 2017, Moody's Investors Service
upgraded Resolute Energy Corporation's Corporate Family Rating
(CFR) to 'B3' from 'Caa2', the Probability of Default Rating to
'B3-PD' from 'Caa2-PD' and its senior unsecured notes rating to
'Caa1' from 'Caa3'.  The Speculative Grade Liquidity rating was
affirmed at SGL-3.  The rating outlook was changed to stable.

"The upgrade to B3 reflects Resolute's improved capital structure,
continued strong drilling results and improved production and
drilling economics, which provide good visibility to continued
growth in a mid $40s oil price environment without increasing debt
leverage," noted John Thieroff, Moody's VP-Senior Analyst.  "We
expect moderation in the company's reserve- and production-based
debt metrics from significant production growth at very competitive
drillbit costs."

The TCR reported on May 15, 2017, that S&P Global Ratings assigned
its 'B-' corporate credit rating to Resolute Energy Corp. (REN).
The rating outlook is stable.  "The corporate credit rating
reflects our assessment of REN's business risk profile as
vulnerable, its financial risk profile as aggressive, and its
liquidity as less than adequate, said S&P Global Ratings credit
analyst, David Lagasse.


ROCKFORD INSURANCE: Plan Confirmation Hearing Set for July 19
-------------------------------------------------------------
The Hon. Scott W. Dales of the U.S. Bankruptcy Court for the
Western District of Michigan approved Rockford Insurance Agency,
LLC, and New York Private Insurance Agency, LLC's first amended
disclosure statement explaining their first amended plan of
reorganization filed on May 23, 2017.

July 7, 2017, is fixed as the last day for filing written
acceptances or rejections of the Plan of Reorganization, as
amended.

A hearing on the confirmation of the Plan of Reorganization, as
amended, will take place in the U.S Bankruptcy Court, One Division
NW., Grand Rapids, Michigan, on July 19, 2017, at 10:00 a.m.

July 7, 2017, is fixed as the last day for filing and serving
written objections to the Plan of Reorganization, as amended.

              About Rockford Insurance Agency

Rockford Insurance Agency LLC and New York Private Insurance
Agency, LLC sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. W.D. Mich. Lead Case No. 16-01034) on March 1,
2016.

J.J. Fagan & Co., LLC, was hired to assist in the sale of assets of
the company and its affiliate New York Private Insurance Agency,
LLC.


SAEXPLORATION HOLDINGS: May Issue 799,091 Shares Under Amended Plan
-------------------------------------------------------------------
SAExploration Holdings, Inc., filed a post-effective amendment No.
1 to Form S-8 Registration Statement to deregister certain
securities registered by the Company pursuant to its Registration
Statement on Form S-8 filed with the Securities and Exchange
Commission on Nov. 30, 2016, File No. 333-214852, with respect to
shares of the Company's common stock, par value $0.0001 per share,
thereby registered for offer or sale pursuant to the SAExploration
Holdings, Inc. 2013 Non-Employee Director Share Incentive Plan.  A
total of 400,000 shares of Common Stock were registered for
issuance under the 2016 Form S-8.

SAExploration separately filed a post-effective amendment No. 1 to
Form S-8 Registration Statement to deregister certain securities
registered by the Company pursuant to its Registration Statement on
Form S-8 filed with the Securities and Exchange Commission on Sept.
23, 2016, File No. 333-213756, with respect to shares of the
Company's common stock, par value $0.0001 per share, thereby
registered for offer or sale pursuant to the SAExploration
Holdings, Inc. 2016 Long-Term Incentive Plan.  A total of 1,038,258
shares of Common Stock were registered for issuance under the 2016
Form S-8.

On May 8, 2017, holders of a majority of the shares of Common Stock
adopted resolutions by written consent, in lieu of a meeting of
stockholders, to approve SAExploration Holdings, Inc.'s Amended and
Restated 2016 Long-Term Incentive Plan, which combines, amends, and
restates (i) the Company's 2016 Long-Term Incentive Plan effective
Sept. 4, 2016, and (ii) the 2013 Non-Employee Director Plan.  The
Amended and Restated Plan became effective twenty calendar days
after an Information Statement on Schedule 14C was sent or given to
the Company's stockholders, or on May 30, 2017.

No future awards will be made under the 2016 Long-Term Incentive
Plan and the 2013 Non-Employee Director Plan.  

According to the terms of the Amended and Restated Plan, the shares
of Common Stock that were available for grant under the 2016
Long-Term Incentive Plan, but not actually subject to outstanding
awards, as of May 30, 2017, are available for issuance under the
Amended and Restated Plan.  The total number of shares of Common
Stock available for grant under the 2016 Long-Term Incentive Plan,
but not actually subject to outstanding awards, on May 30, 2017 was
415,304.  Those 415,304 shares were deregistered.

According to the terms of the Amended and Restated Plan, the shares
of Common Stock that were available for grant under the 2013
Non-Employee Director Plan, but not actually subject to outstanding
awards, as of May 30, 2017 are available for issuance under the
Amended and Restated Plan.  The total number of shares of Common
Stock available for grant under the 2013 Non-Employee Director
Plan, but not actually subject to outstanding awards, on May 30,
2017, was 383,787.  Those 383,787 shares were deregistered.

Contemporaneously with the filing of the Post-Effective Amendments,
the Company filed a Registration Statement on Form S-8 to register
799,091 shares shares of Common Stock now available for offer or
sale pursuant to the Amended and Restated Plan, including but not
limited to the Carryover Shares.

There may be shares of Common Stock registered in connection with
the 2013 Non-Employee Director Plan and the 2016 Long-Term
Incentive Plan that are represented by awards under the Plans that,
after May 30, 2017, are forfeited, expire, are cancelled without
delivery of shares, or otherwise result in the return of shares to
the Company.

                   About SAExploration Holdings

Based in Houston, Texas, SAExploration Holdings, Inc. (NASDAQ:
SAEX) is an internationally-focused oilfield services company
offering a full range of vertically-integrated seismic data
acquisition and logistical support services in Alaska, Canada,
South America, and Southeast Asia to its customers in the oil and
natural gas industry.  In addition to the acquisition of 2D, 3D,
time-lapse 4D and multi-component seismic data on land, in
transition zones between land and water, and offshore in depths
reaching 3,000 meters, the Company offers a full-suite of
logistical support and in-field data processing services.  The
Company operates crews around the world that are supported by over
29,500 owned land and marine channels of seismic data acquisition
equipment and other leased equipment as needed to complete
particular projects.

SAExploration reported a net loss attributable to the Company of
$25.03 million on $205.56 million of revenue from services for the
year ended Dec. 31, 2016, compared to a net loss attributable to
the Company of $9.87 million on $228.13 million of revenue from
services for the year ended Dec. 31, 2015.

                          *     *     *

In June 2016, S&P Global Ratings lowered its corporate credit
rating on SAExploration Holdings to 'CC' from 'CCC-'.  At the same
time, S&P lowered the issue-level rating on the company's senior
secured notes to 'CC' from 'CCC-'.  The outlook remains negative.
The downgrade follows SAExploration's announcement that it plans to
launch an exchange offer to existing holders of its 10% senior
secured notes for shares of common equity and a new issue of
second-lien notes.  Following the rating action, S&P withdrew the
corporate credit and issue-level ratings at the company's request.

In September 2016, Moody's Investors Service withdrew
SAExploration's 'Caa2' Corporate Family Rating and other ratings.


SALLY HOLDINGS: Moody's Rates Proposed $850MM Credit Facility Ba1
-----------------------------------------------------------------
Moody's Investors Service assigned a Ba1 rating to the proposed
$850 million Senior Secured Credit Facility of Sally Holdings LLC
and Sally Capital, Inc. as co-borrowers. Concurrently, Moody's
downgraded the Company's existing Senior Unsecured Notes to Ba3
following a change in the company's capital structure, as per
Moody's Loss Given Default Methodology. At the same time, Moody's
affirmed Sally's Ba2 Corporate Family Rating, Ba2-PD Probability of
Default rating, and the SGL-1 Speculative Grade Liquidity Rating.
The ratings outlook is stable.

The proposed Senior Secured Credit Facility will consist of a $600
million floating rate secured term loan and a $250 million fixed
rate secured term loan. Proceeds from the proposed term loans,
along with modest revolver borrowings, will be used to redeem the
Company's $850 million 5.75% Senior Unsecured Notes due 2022. The
assigned rating is subject to review of final documentation and
closing of the proposed transaction.

RATINGS RATIONALE

While the proposed transaction is leverage neutral and extends
Sally's debt maturity profile, the downgrade of Sally's Unsecured
Notes reflects the addition of a sizeable amount of secured debt
ahead of it in the capital structure.

The Ba1 rating assigned to Sally's proposed Senior Secured Credit
Facility reflect its first priority lien on all capital stock of
domestic subsidiaries, 65% of the voting stock of each first-tier
foreign subsidiary, and substantially all assets of the borrowers
and guarantors, except ABL priority collateral, on which it will
have a second lien. The Credit Facility is guaranteed by Sally's
parent company, Sally Beauty Holdings, Inc. and each domestic
subsidiary. The Ba3 rating assigned to Sally's Senior Unsecured
Notes reflects their unsecured position and junior ranking to a
sizable amount of secured debt in the Company's capital structure
comprised of the proposed Credit Facility and ABL.

Sally's Ba2 Corporate Family Rating reflects its solid market
position in the professional beauty supply market, steady
performance through economic cycles, geographic diversity, and
strong merchandising focus which Moody's expects will continue to
benefit the Company's margins. The rating is constrained by the
Company's high debt load and continued risk for a more aggressive
financial policy due to increased share repurchase activity.

Sally's liquidity is very good, as indicated by the SGL-1
Speculative Grade Liquidity rating. Moody's expects balance sheet
cash and cash flow from operations to be more than sufficient to
cover working capital needs and capital expenditures over the next
twelve months. Sally's liquidity is further supported by access to
a $500 million ABL facility under which Moody's expects no material
borrowings outside of letters of credit and the funding of
refinancing expenses under the proposed transaction. Simultaneously
with the closing of the proposed transaction, the Company plans to
enter into an Amended and Restated ABL facility, extending the
maturity to 2022 from the current maturity date of July 2018.

The stable outlook reflects Moody's expectation for continued
profitable growth while maintaining solid credit metrics and a
disciplined approach to shareholder returns and acquisitions.

Ratings could be upgraded with consistent revenue growth and margin
expansion, increased global scale including improving the
positioning of its e-commerce business, and willingness to maintain
adjusted debt to EBITDA around 3.5 times and retained cash
flow-to-net debt above 20%.

Ratings could be downgraded if operating performance were to
sustainably weaken, financial policies were to become more
aggressive, or the Company were unable to maintain at least good
liquidity. Specific metrics include adjusted debt to EBITDA
sustained near 5.0 times, adjusted interest coverage below 2.75
times and retained cash flow-to-net debt below 12.5%.

The principal methodology used in these ratings was Retail Industry
published in October 2015. Please see the Rating Methodologies page
on www.moodys.com for a copy of this methodology.

Sally Holdings LLC, based in Denton, Texas, is an international
retailer and distributor of beauty supplies. Its two subsidiaries,
Sally Beauty Supply and Beauty Systems Group, sell and distribute
beauty products to individual retail consumers and salon
professionals. Products are distributed through a network of over
5,000 company-operated and 182 franchised stores in 13 countries.
Revenues exceeded $3.9 billion for the last twelve months ended
March 31, 2017.

Rating actions:

Downgrades:

Issuer: Sally Beauty Holdings, Inc.

-- Senior Unsecured Shelf, Downgraded to (P)Ba3 from (P)Ba2

Issuer: Sally Capital, Inc.

-- Senior Unsecured Shelf, Downgraded to (P)Ba3 from (P)Ba2

Issuer: Sally Holdings LLC

-- Backed Senior Unsecured Regular Bond/Debenture, Downgraded to
    Ba3(LGD5) from Ba2(LGD4)

-- Senior Unsecured Shelf, Downgraded to (P)Ba3 from (P)Ba2

Assignments:

Issuer: Sally Holdings LLC

-- Senior Secured Bank Credit Facility, Assigned Ba1(LGD2)

Outlook Actions:

Issuer: Sally Holdings LLC

-- Outlook, Remains Stable

Affirmations:

Issuer: Sally Holdings LLC

-- Probability of Default Rating, Affirmed Ba2-PD

-- Speculative Grade Liquidity Rating, Affirmed SGL-1

-- Corporate Family Rating, Affirmed Ba2


SAM BASS: Posters, Remaining Artwork Up for Auction This Month
--------------------------------------------------------------
Iron Horse Auction Company will hold an online auction of these
personal property of Sam Bass Illustration & Design from June 15 at
8:00 a.m. to June 22 at 11 a.m.:

     Posters
     Prints
     Remaining Artwork
     Furniture
     Fixtures

The assets are located at:

     Sam Bass Art Studios
     4030 Concord Parkway S.
     Concord, NC 28027

Iron Horse may be reached at:

     Iron Horse Auction Company
     PO Box 1267
     Rockingham, NC 28380
     E-mail: josh@ironhorseauction.com

Sam Bass Illustration & Design, Inc., is a debtor in a Chapter 7
bankruptcy proceeding (Bankr. M.D.N.C. Case No. 16-51021) pending
before the Hon. Catharine R. Aron.  The case was filed Oct. 3,
2016.  Sam Bass estimated under $50,000 in assets and between
$100,001 and $500,000 in liabilities.  

The Chapter 7 Debtor is represented by Kristen Scott Nardone, Esq.,
at Davis Nardone.

The Chapter 7 Trustee is W. Joseph Burns.


SANCTUARY CARE: Stockholder Withdraws Bid To Limit Exclusive Period
-------------------------------------------------------------------
Stockholder Jonathan McCoy has withdrawn his motion to limit
Sanctuary Care, LLC, and Sanctuary at Rye Operations, LLC's
exclusivity period for filing a Chapter 11 plan and disclosure
statement.

                      About Sanctuary Care

Sanctuary at Rye Operations, LLC and its affiliate Sanctuary Care,
LLC filed separate Chapter 11 bankruptcy petitions (Bankr. D.N.H.
Case Nos. 17-10590 and 17-10591, respectively), on April 25, 2017.
The Petition was signed by Alice Katz, chief restructuring officer.
Ms. Alice Katz is with Vinca Group, LLC.  

The Debtors own Sanctuary Care, a memory-assisted adult care
facility located in Rockingham County, New Hampshire.

The Debtors are represented by Peter N. Tamposi, Esq. at the
Tamposi Law Group.

Chief Judge Bruce A. Harwood oversees the bankruptcy cases.

At the time of filing, Sanctuary at Rye listed $382,830 in total
assets and $16,610,000 in liabilities. Sanctuary Care listed
$5,010,000 in total assets and $16,050,000 in liabilities.

William K. Harrington, the United States Trustee, has appointed
Susan Buxton, the Long-Term Care Ombudsman for the State of New
Hampshire, as the Patient Care Ombudsman for Sanctuary Care, LLC,
and Sanctuary at Rye Operations, LLC.

                           *     *     *

The Debtors have won Bankruptcy Court approval to sell their assets
to Port Development LLC, the winning bidder at a June 2 auction,
for $11 million.


SANDERS NURSERY: Seeks August 4 Plan Solicitation Extension
-----------------------------------------------------------
Sanders Nursery & Distribution Center, Inc. filed with the U.S.
Bankruptcy Court for the Eastern District of Oklahoma its sixth
request for an extension of the exclusive period to obtain
acceptance of its Second Modified First Amended Plan of
Reorganization, from June 7, 2017, to and including August 4,
2017.

The Debtor filed its chapter 11 Plan of Reorganization and
Disclosure Statement on April 1, 2016, which was amended on May 23,
2016.  Following a hearing to consider the Disclosure Statement, on
June 17, 2016, the Court entered an order approving a modified
version of the Disclosure Statement, which was subsequently filed
by the Debtor as its Modified Disclosure Statement to Accompany
Debtor's First Amended Plan of Reorganization, and setting a
confirmation hearing for August 24, 2016 and establishing related
deadlines. The solicitation period has expired. The voting deadline
was July 22, 2016, and the deadline for filing objections to
confirmation of the Plan was August 8, 2016.

All ballots received were cast in favor of the Plan and no
objections to confirmation were filed, with the exception of the
ballots of BFN Operations, LLC. BFN Operations later assigned its
claim in the Debtor's bankruptcy case to Nursery Solutions, LLC.

Accordingly, on February 20, 2017, the Debtor filed its Modified
First Amended Plan of Reorganization. Thereafter, on May 12, 2017,
the Debtor filed its Second Modified First Amended Plan of
Reorganization, which includes, among other things, a guaranty of
all plan performance and payment obligations by one its equity
owners, Burl Berry. The confirmation hearing was scheduled for May
23 and 24.

However, after the Debtor filed its second modified plan, Nursery
Solutions had requested a 60-day extension of time to conduct
further discovery, to which the Debtor consented. In addition, upon
the filing of Nursery Solutions' application to continue the
confirmation hearing, the hearing was stricken, and a status
hearing was held on May 24, 2017 concerning, among other things,
notice of the second modified plan and scheduling a new hearing
date.

Currently, the Debtor's exclusive period for soliciting acceptances
of the Plan would expire on June 7, 2017 without the requested
extension. As such, the Debtor seeks one final extension of the
exclusivity period due to the continuance of the confirmation
hearing.

The Debtor claims that the Plan modifications have enhanced
recoveries for Class 4 and 5 creditors, increase the likelihood
that the Plan will be fully performed, and represent the Debtor's
good faith efforts to reach a consensual resolution of its
bankruptcy case. In addition, the Debtor claims that it is not
attempting to pressure creditors to accede to its reorganization
demands, but instead, the Debtor will utilize the extended
exclusivity period to further its good faith efforts towards
reorganization.

The Debtor represents that the five prior requests for exclusivity
extension were unopposed and that the Assistant U.S. Trustee,
counsel for the Committee, and counsel for Nursery Solutions have
no objections to the current requested extension.

           About Sanders Nursery & Distribution Center

Headquartered in Tahlequah, Oklahoma, Sanders Nursery &
Distribution Center, Inc., filed for Chapter 11 bankruptcy
protection (Bankr. E.D. Okla. Case No. 15-81312) on Dec. 4, 2015.
The petition was signed by Burl Berry, vice president.  Judge Tom
R. Cornish presides over the case. The Debtor estimated its assets
and liabilities at $1 million to $10 million at the time of the
filing.  Brandon Craig Bickle, Esq., at Gable & Gotwals,  P.C.,
serves as the Debtor's bankruptcy counsel.

An Official Committee of Unsecured Creditors was appointed in the
case by the Office of the United States Trustee on December 29,
2015. The Committee is represented by Mac Finlayson of Eller &
Detrich.


SIXTY SIXTY CONDOMINIUM: 36 Monthly Payments for Unsecureds
-----------------------------------------------------------
Sixty Sixty Condominium Association, Inc., filed with the U.S.
Bankruptcy Court for the Southern District of Florida a first
amended disclosure statement in support of its first amended plan
of reorganization, dated May 26, 2017.

The First Amended Plan contemplates one of two options being
effectuated: (a) the Debtor along with a sufficient number of unit
owners will participate in a bulk sale of their units to a bulk
purchaser; or (b) the Debtor, along with other unit owners, will
participate in a rental program managed by a Manager.

The Debtor has received several offers for the purchase and sale of
all of its property, including offers to purchase all residential
units. As of the filing of the Plan, the highest and best Bulk
Offer had been submitted by Kingfisher Island, Inc.

This plan modifies the treatment of Class 9 unsecured creditors.
Each holder of an Allowed Class 9 Unsecured Claim shall now receive
a monthly distribution over a period of 36 months sufficient to pay
such allowed claim 100% of the dollar amount of such claim as of
the petition date funded by any excess proceeds from the sale of
Debtor's Commercial Units and Residential Unit 505, if available
and the Reorganization Special Assessment.

The original plan proposed that each holder of an Allowed Class 9
Unsecured Claim shall receive a distribution sufficient to pay such
allowed claim 100% of the value of such claim as of the petition
date funded by (i) the CUO Capital Contribution; and (ii) the RUO
Capital Contributions on the later of: (i) the Effective Date; or
(ii) the Closing Date.

Under the Bulk Sale Alternative, certain funding for the First
Amended Plan shall be provided from the proceeds of the sales of
the Residential and Commercial Units, the Reorganization Special
Assessment and other future assessments, if necessary.

It is anticipated that each Residential and Commercial Unit shall
pay all liens encumbering their individual units at closing
necessary to satisfy their pro-rata share of any blanket liens
against the Condominium, if any, thus satisfying certain potential
unsecured claims against the Debtor related to same.

With respect to the Debtor, the proceeds of the sale of the
Commercial Units and Residential Unit 505 shall be used to satisfy
and any all allowed secured claims against same.

Under the Rental Program Alternative, the funding for the First
Amended Plan shall be provided by the Reorganization Special
Assessment, the surrender of property to secured creditors, future
assessments, and any proceeds from the Rental Program available to
the Debtor.

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

      http://bankrupt.com/misc/flsb16-26187-246.pdf

             About Sixty Sixty Condominium

Sixty Sixty Condominium Association, Inc. filed a Chapter 11
bankruptcy petition (Bankr. S.D. Fla. Case No. 16-26187) on
December 5, 2016, listing $100,000 to $500,000 in total assets,
and $1 million to $10 million in liabilities.  The petition was
signed by Maria Velez, president of the Board of Directors.

The Hon. Robert A Mark presides over the case.  Brett D.
Lieberman, Esq., at Messana, P.A., represents the Debtor as
counsel.  Juda Eskew & Associates, PA serves as the Debtor's
accountant.

Sixty Sixty Condominium is a mixed-use hotel/residential building
located at 6060 Indian Creek Drive in Miami Beach, Florida. It is
a not-for-profit corporation.  It is responsible for, among other
things, the management, operation, and maintenance of the
Condominium's "Common Elements", and other obligations imposed by
state statute.

An official committee of unsecured creditors has not yet been
appointed in the Chapter 11 case of Sixty Sixty Condominium
Association, Inc. as of March 1, according to a court docket.


SPEED LUBE: Case Summary & 20 Largest Unsecured Creditors
---------------------------------------------------------
Debtor: Speed Lube, LLC
        408 Johnson Street
        Pocahontas, IL 62275

Business Description: Speed Lube LLC is an oil change
                      services provider based in Pocahontas,
                      Illinois.

Case No.: 17-30894

Chapter 11 Petition Date: June 7, 2017

Court: United States Bankruptcy Court
       Southern District of Illinois (East St Louis)

Judge: Hon. Laura K. Grandy

Debtor's Counsel: Steven M Wallace, Esq.
                  HEPLERBROOM, LLC
                  130 N Main St
                  PO Box 510
                  Edwardsville, IL 62025
                  Tel: (618) 307-1185
                  Fax: (855) 656-1364
                  E-mail: steven.wallace@heplerbroom.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Steven Dugan, one of the Debtor's
managers.

A copy of the Debtor's list of 20 largest unsecured creditors is
available for free at http://bankrupt.com/misc/ilsb17-30894.pdf


SRC LIQUIDATION: Trust Resolves $10M Dispute With Liberty Mutual
----------------------------------------------------------------
The SRC Secured Creditor Trust asks the U.S. Bankruptcy Court for
the District of Delaware to approve its stipulation with Liberty
Mutual Insurance Company that resolves a $10 million dispute over
workers' comp insurance.

A hearing on the Stipulation is set for June 14, 2017, at 9:30 (am)
(ET).

Law360 recalls that Liberty Mutual filed in April 2015 a $10.7
million claim in the Debtor's Chapter 11 bankruptcy, which was
approved in November 2015.  However, because Liberty had
provisional access to about a fifth of that money, Standard
Register filed a clawback suit.

Pursuant to Section 4.2 of the Plan, from and after the Effective
Date, the Secured Creditor Trust has exclusive authority to
compromise, resolve, and allow any Class I disputed claims.  The
Liberty Claim constitutes a Class I Disputed Claim.

The Policies and any excess Policy Collateral constitute Secured
Creditor Trust Assets, and the settlement set forth in the
Stipulation will monetize these assets for the beneficiaries of the
Secured Creditor Trust in accordance with the Plan, Confirmation
Order, and that certain Secured Creditor Trust Agreement.  The
Stipulation resolves all claims asserted by Liberty or that could
be asserted against the Secured Creditor Trust and resolves the
Liberty Claim asserted against the estates in these cases.  The
Stipulation resolves all of the Disputes in an efficient manner and
provides certainty and a time benefit to the beneficiaries of the
Secured Creditor Trust.

Liberty will pay from the Policy Collateral to the Secured Creditor
Trust the aggregate amount of $924,641 in full and final settlement
of the disputes.  Payment of the Settlement Amount will be made by
4:00 p.m. (prevailing Eastern Time) on or before 10 days after the
Stipulation Effective Date by check to SRC Secured Creditor Trust.

A copy of the Debtor's request is available at:

          http://bankrupt.com/misc/deb15-10541-2209.pdf

                     About Standard Register

Standard Register provided market-specific insights and a
compelling portfolio of workflow, content and analytics solutions
to address the changing business landscape in healthcare, financial
services, manufacturing and retail markets.  The Company had
operations in all U.S. states and Puerto Rico, and had 3,500
full-time employees.

The Standard Register Company and 10 affiliated debtors sought
Chapter 11 protection in Delaware on March 12, 2015, with plans to
launch a sale process where its largest secured lender would serve
as stalking horse bidder in an auction.

The cases are pending before the Honorable Judge Brendan L. Shannon
and are jointly administered under Case No. 15-10541.

The Debtors have tapped Gibson, Dunn & Crutcher LLP and Young
Conaway Stargatt & Taylor LLP as counsel; McKinsey Recovery &
Transformation Services U.S., LLC, as restructuring advisors; and
Prime Clerk LLC as claims agent.

The Official Committee of Unsecured Creditors tapped Lowenstein
Sandler LLP as its counsel and Jefferies LLC as its exclusive
investment banker.

                          *     *     *

Assets of Standard Register and its affiliates were sold to Taylor
Corp., a privately held company.  The sale to Taylor closed on July
31, 2015.

SRC Liquidation Company, f/k/a The Standard Register Company, and
its affiliated debtors on Nov. 19, 2015, won confirmation of their
Second Amended Chapter 11 Plan of Liquidation.  The Effective Date
of the Plan occurred on Dec. 18, 2015.  The Plan proposes to pay 1%
of the allowed claims of general unsecured creditors.


STAGEARTZ LIMITED: Taps Smith Kane as Legal Counsel
---------------------------------------------------
StageArtz Limited seeks approval from the U.S. Bankruptcy Court for
the Eastern District of Pennsylvania to hire legal counsel in
connection with its Chapter 11 case.

The Debtor proposes to hire Smith Kane Holman, LLC to, among other
things, give legal advice regarding its duties under the Bankruptcy
Code, and assist in the preparation of a bankruptcy plan.

The hourly rates charged by the firm range from $325 to $400 for
partners, $225 to $300 for associates, and $75 to $100 for
paralegals.

David Smith, Esq., at Smith Kane, disclosed in a court filing that
his firm has no connection with the Debtor or any of its creditors
that would disqualify it from representing the Debtor.

Smith Kane can be reached through:

     David B. Smith, Esq.
     Smith Kane Holman, LLC
     112 Moores Road, Suite 300
     Malvern, PA 19355
     Phone: (610) 407-7217
     Fax: (610) 407-7218

                     About StageArtz Limited

StageArtz Limited sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. E.D. Pa. Case No. 17-13694) on May 26,
2017.  Judge Eric L. Frank presides over the case.

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


STOP ALARMS: U.S. Trustee Unable to Appoint Committee
-----------------------------------------------------
An official committee of unsecured creditors has not yet been
appointed in the Chapter 11 cases of Stop Alarms Holdings, Inc. and
Stop Alarms, Inc. as of June 7, according to a court docket.

                     About Stop Alarms

Headquartered in Memphis, Tennessee, Stop Alarms --
http://www.stopalarmsystems.com/-- is a security company providing
security solutions for every aspect of security and life safety
across the residential and commercial marketplace.  It provides
home security and automation via an Alarm.com enabled iPhone, iPad,
Android, and other mobile apps.

Stop Alarms Holdings, Inc. and affiliate Stop Alarms, Inc. filed
for Chapter 11 bankruptcy protection (Bankr. N.D. Ga. Lead Case No.
17-57661) on April 28, 2017.  Patrick Massey, president, signed the
petitions.

David L. Bury, Jr., Esq., at Stone & Baxter, LLP, serves as the
Debtors' bankruptcy counsel.

Stop Alarms Holdings estimated assets of less than $500,000 and
liabilities of $1 million to $10 million.  SAI estimated assets of
less than $1 million and liabilities of $1 million to $10 million.

No trustee, examiner or creditors' committee has been appointed.


SUNIVA INC: $5.2M Financing From SQN Has Final Approval
-------------------------------------------------------
The Hon. Kevin Gross of the U.S. Bankruptcy Court for the District
of Delaware has entered a final order authorizing Suniva, Inc., to
obtain secured post-petition financing in an amount of up to $5.2
million from SQN Asset Servicing, LLC, as agent and the financial
institutions or other entities party to the DIP agreement including
Lion Point Capital, LP, and certain of its affiliates.

The DIP Agent is granted continuing, valid, binding, enforceable,
non-avoidable and automatically and properly perfected security
interests in and liens on any and all presently owned and hereafter
acquired personal property, real property and other assets of the
Debtor.

The DIP Liens securing the DIP Loan outstandings will be junior in
payment and priority to the (a) carve out, and (b) properly
perfected liens of the Prepetition Lender, Wanxiang, and any other
properly perfected prior liens, as well as any valid, non-avoidable
lien that is perfected Subsequent to the Petition Date as permitted
by Section 546(b) of the U.S. Bankruptcy Code, and will otherwise
be senior in priority and Superior to any security, mortgage,
collateral interest, lien or claim on or to any of the DIP
Collateral.  

The DIP Lenders are granted an allowed superpriority administrative
expense claim in each of the case and any successor case.

A copy of the final court order is available at:

        http://bankrupt.com/misc/deb17-10837-171.pdf

As reported by the Troubled Company Reporter on April 24, 2017, the
Court previously entered an interim order authorizing the Debtor to
obtain secured postpetition financing consisting of a $4 million
revolving credit facility, with the sum of $1,417,102 being
available to the Debtor on an interim basis from SQN Asset.  

                       About Suniva, Inc.

Founded in 2007 by Dr. Ajeet Rohatgi, Suniva, Inc. --
http://www.suniva.com/-- is a manufacturer of PV solar cells with

manufacturing facilities at its metro-Atlanta, Georgia headquarters
as well as in Saginaw, Michigan.

Impacted by Chinese manufacturers who are able to flood the U.S.
market for solar cells and modules with cheap imports, on April 7,
2017, Suniva, Inc., filed a voluntary petition for relief under
Chapter 11 of the Bankruptcy Code (Bankr. D. Del. Case No.
17-10837).

The Hon. Kevin Gross is the case judge.

Kilpatrick, Townsend & Stockton LLP is serving as general counsel
to the Debtor.  Potter Anderson & Corroon LLP is serving as
Delaware counsel, with the engagement led by Stephen R. McNeill,
Jeremy William Ryan.  Garden City Group, LLC, is the claims and
noticing agent.

Suniva estimated $10 million to $50 million in assets and $100
million to $500 million in debt.


SUNSET PARTNERS: Case Summary & 20 Largest Unsecured Creditors
--------------------------------------------------------------
Debtor: Sunset Partners, Inc.
           dba Sunset Grill & Tap
           dba Sunset Cantina
        130 Brighton Avenue
        Allston, MA 02134

Case No.: 17-12178

Business Description: Sunset Partners owns a restaurant in
                      Allston, Massachusetts.  The Company
                      currently possesses machinery, fixtures,
                      equipment and POS system having an
                      aggregate value of $692,890.

Chapter 11 Petition Date: June 7, 2017

Court: United States Bankruptcy Court
       District of Massachusetts (Boston)

Judge: Hon. Joan N. Feeney

Debtor's Counsel: David B. Madoff, Esq.
                  MADOFF & KHOURY LLP
                  124 Washington Street - Suite 202
                  Foxborough, MA 02035
                  Tel: 508-543-0040
                  Fax: 508-543-0020
                  E-mail: madoff@mandkllp.com
                          alston@mandkllp.com

Total Assets: $1.05 million

Total Liabilities: $5.67 million

The petition was signed by Marc Berkowitz, vice president.

A copy of the Debtor's list of 20 largest unsecured creditors is
available for free at http://bankrupt.com/misc/mab17-12178.pdf


SURGERY CENTER: Moody's Rates Secured Loans B1 & Unsec. Notes Caa2
------------------------------------------------------------------
Moody's Investors Service assigned B1 ratings to Surgery Center
Holdings, Inc.'s senior secured revolving credit facility and term
loan. Moody's also assigned a Caa2 rating to Surgery Partners' new
senior unsecured notes. At the same time Moody's affirmed Surgery
Partners' B3 Corporate Family Rating, B3-PD Probability of Default,
Caa2 rating on its existing senior unsecured notes, and SGL-2
Speculative Grade Liquidity Rating. Lastly, Moody's changed the
outlook from developing to stable.

The outlook change from developing to stable reflects Moody's view
that Surgery Partners' acquisition of National Surgical Hospitals,
Inc. ("NSH", B2 under review for downgrade) will be only modestly
leveraging. It also incorporates Moody's belief that Surgery
Partners will grow its pro forma revenue by 7-8% per annum and
remain free cash flow positive while it integrates NSH.

Pro forma for the NSH acquisition, adjusted debt to EBITDA is
roughly 7.0 times assuming some cost synergies. "We expect Surgery
Partners' financial leverage to remain high in the mid 6.0 times
range as the company focuses its efforts on integrating NSH,"
stated Moody's Vice President - Senior Analyst Jonathan Kanarek.

Ratings assigned:

Surgery Center Holdings, Inc.

Senior secured revolving credit facility expiring 2022 at B1 (LGD
3)

Senior secured term loan due 2024 at B1 (LGD 3)

Senior unsecured notes due 2025 at Caa2 (LGD 5)

Ratings affirmed:

Surgery Center Holdings, Inc.

Corporate Family Rating at B3

Probability of Default Rating at B3-PD

Senior unsecured notes due 2021 at Caa2 (LGD 5)

Speculative Grade Liquidity Rating at SGL-2

Outlook change:

Surgery Center Holdings, Inc.

The outlook was changed from developing to stable.

Ratings with no action to be withdrawn upon deal completion:

Surgery Center Holdings, Inc.

Senior secured revolving credit facility expiring 2019 at B2 (LGD
3)

Senior secured first lien term loans due 2020 at B2 (LGD 3)

RATINGS RATIONALE

The B3 Corporate Family Rating reflects Surgery Partners' high
financial leverage and the company's aggressive acquisition
strategy. While Moody's expects earnings growth over the next 12-18
months, the rating agency believes that free cash flow will be used
primarily for acquisitions and not debt repayment. The rating is
also constrained by the elective nature of many procedures
performed in ambulatory surgery centers (ASCs), meaning that
patients can delay or forego treatment in times of economic
weakness. Further, the ratings are constrained by risk stemming
from exposure to government payers (mostly Medicare), which could
lead to future reimbursement pressures on ASCs.

The ratings are supported by Moody's expectation of favorable
industry fundamentals. This is because over the longer term, payers
including Medicare and private insurers, will continue to drive
patients out of hospitals and into less costly points of care, such
as ASCs. The rating also benefits from the company's strong market
position and good case mix that favors procedures with higher
reimbursements.

The stable outlook reflects Moody's expectation that Surgery
Partners' adjusted debt to EBITDA will remain high as the company
focuses on integrating NSH as well as tuck-in acquisitions. It also
reflects Moody's belief that ASCs will capture a greater proportion
of surgical outpatient volumes in the future.

The ratings could be upgraded if Surgery Partners can effectively
manage the integration of NSH without financial or operational
disruption, while maintaining good liquidity. More specifically,
for Moody's to consider a ratings upgrade, debt to EBITDA would
have to be sustained around 6.0 times.

The ratings could be downgraded if pricing or volumes weaken such
that financial performance is impacted, resulting in deterioration
in credit metrics. The rating could also be downgraded if liquidity
deteriorates or if the company's free cash flow turns negative.

The SGL-2 Speculative Grade Liquidity Rating reflects Surgery
Partners' good liquidity, owing to its cash, revolver availability,
and consistently positive free cash flow generation.

Surgery Partners, headquartered in Nashville, TN, is an operator of
125 short stay surgical facilities and 56 physician practices in 32
states. Surgery Partners also provides ancillary services including
physician practice services, anesthesia services, a diagnostic
laboratory, a specialty pharmacy and optical services. Surgery
Partners' is 55% owned by Bain Capital Private Equity and listed on
the NASDAQ. Pro forma revenue is approximately $1.7 billion.


SYNTAX-BRILLIAN: Ahmed Amr Can't Push Judge Off Appeal Proceedings
------------------------------------------------------------------
Kat Greene, writing for Bankruptcy Law360, reports that the Third
Circuit shut down a bid by Ahmed Amr, former Syntax-Brillian Corp.
shareholder, to force a Delaware federal judge off appeal
proceedings over alleged misconduct by Greenberg Traurig LLP during
its representation of the Debtor.  According to the report, the
court found the Mr. Amr's "impugning" of the court meritless.

                    About Syntax-Brillian

Based in Tempe, Arizona, Syntax-Brillian Corporation manufactured
and marketed LCD HDTVs, digital cameras, and consumer electronics
products including Olevia(TM) brand high-definition widescreen LCD
televisions and Vivitar brand digital still and video cameras.
Syntax-Brillian was the sole shareholder of California-based
Vivitar Corporation.

The Company and two of its affiliates -- Syntax-Brillian SPE,
Inc., and Syntax Groups Corp. -- filed for Chapter 11 protection
on July 8, 2008 (Bankr. D. Del. Lead Case No.08-11407.  Lawyers at
Greenberg Traurig LLP represented the Debtors as counsel.  Five
members composed the official committee of unsecured creditors.
Pepper Hamilton, LLP, represented the Committee as counsel.  Epiq
Bankruptcy Solutions, LLC, served as the Debtors' balloting,
notice, and claims agent.  When the Debtors filed for protection
against their creditors, they disclosed total assets of
$175,714,000 and total debts of $259,389,000.

The Bankruptcy Court confirmed the Debtors' Joint Chapter 11
Liquidation Plan in an order dated July 6, 2009.  Under the Plan,
general unsecured claims were to received pro rata distributions
from a liquidating trust after payment of the trust's expenses and
a "liquidating trust funding reimbursement."  Holders of allowed
prepetition credit facility claims were to receive their pro rata
distributions from a lender trust, after payment in full of
allowed DIP facility claims.  A full-text copy of the Debtors' 2nd
amended Chapter 11 liquidating plan is available at:

   http://bankrupt.com/misc/syntax-brillian2ndamendedplan.pdf
    
The SB Liquidation Trust is represented by David M. Fournier,
Esq., and Evelyn J. Meltzer, Esq., at Pepper Hamilton LLP; and
Allan B. Diamond, Esq., Andrea L. Kim, Esq., Eric D. Madden, Esq.,
and Michael J. Yoder, Esq., at Diamond McCarthy LLP.


TEXAS FLUORESCENCE: Hires Weldon Ponder as Counsel
--------------------------------------------------
Texas Fluorescence Laboratories, Inc., seeks authority from the
U.S. Bankruptcy Court for the Western District of Texas to employ
B. Weldon Ponder, Jr., Attorney at Law, as counsel to the Debtor.

Texas Fluorescence requires Weldon Ponder to:

   a. prepare and file of the voluntary petition and other
      paperwork necessary to commence this proceeding;

   b. assist the Debtor in preparing and filing the required
      Schedules, Statement of Financial Affairs, Monthly
      Financial Reports, the Initial Debtor Report and other
      documents required by the Bankruptcy Code, the Federal
      Rules of Bankruptcy Procedure, the Local Rules of this
      Court and the administrative procedures of the Office of
      the United States Trustee;

   c. represent of the Debtor in connection with adversary
      proceedings and other contested and uncontested matters,
      both in this Court and in other courts of competent
      jurisdiction, concerning any and all matters related to
      these bankruptcy proceedings and the financial affairs of
      the Debtor, including, but not limited to, litigation
      affecting property of the estate, suits to avoid or
      determine lien rights or other property interests of
      creditors and other parties in interest, objections to
      disputed claims, motions to assume or reject leases and
      other executory contracts, motions for relief from the
      automatic stay and motions concerning the discovery of
      documents and other information relating to any of the
      foregoing;

   d. represent of the Debtor in the negotiation and
      documentation of any borrowing, sales or refinancing of
      property of the estate, and in obtaining the necessary
      approvals of such borrowing, sales or refinancing by this
      Court; and

   e. assist the Debtor in the formulation of a plan of
      reorganization and disclosure statement, and in taking the
      necessary steps in this Court to obtain approval of such
      disclosure statement and confirmation of such plan of
      reorganization.

Weldon Ponder will be paid at these hourly rates:

     Attorney                   $275-$350
     Paraprofessional           $125

Prior to the filing of the bankruptcy petition, Weldon Ponder
received:

     -- $600 on June 30, 2016, from the Debtor,

     -- $10,000, on July 19, 2016, from the Debtor, and

     -- $6,717 on April 29, 2017, from Francisco Conti, a
shareholder and an unsecured creditor of the Debtor.

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

B. Weldon Ponder, Jr., member of B. Weldon Ponder, Jr., Attorney at
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
estates.

Weldon Ponder can be reached at:

     B. Weldon Ponder, Jr., Esq.
     B. WELDON PONDER, JR., ATTORNEY AT LAW
     4408 Spicewood Springs Road
     Austin, TX 78759
     Tel: (512) 342-8222
     Fax: (512) 342-8444
     E-mail: welpon@austin.rr.com

           About Texas Fluorescence Laboratories, Inc.

Texas Fluorescence Laboratories, Inc. is a small business debtor as
defined in 11 U.S.C. Section 101(51D). TEF Labs, Inc. develops
products for designing fluorescent and molecular probes. It
develops ion indicators, ionophores, PKC indicators, general
fluorophores, and surfactants for cell biology, biochemistry,
biomolecular screening, molecular biology, microbiology, and
neuroscience. The company also provides probes for
electrophysiology, live-cell function, receptors and ion channels,
in situ hybridization, signal transduction, and ribonucleic acid
and deoxyribonucleic acid; and pH indicators; as well as membrane
potential; flow cytometry; and custom synthesis products. TEF Labs,
Inc. is based in Austin, Texas.

Texas Fluorescence Laboratories, Inc., based in Austin, Texas,
filed a Chapter 11 petition (Bankr. W.D. Tex. Case No. 17-10517) on
May 1, 2017. The Hon. Tony M. Davis presides over the case. B.
Weldon Ponder, Jr., Esq., at B. Weldon Ponder, Jr., Attorney at
Law, serves as bankruptcy counsel.

In its petition, the Debtor estimated $100,000 to $500,000 in
assets and $1 million to $10 million in liabilities. The petition
was signed by Akwasi Minta, director and officer.


THOMAS OVATION: Hires Stone & Baxter as Counsel
-----------------------------------------------
Thomas Ovation, LLC, seeks authority from the U.S. Bankruptcy Court
for the Nothern District of Georgia to employ Stone & Baxter, LLP,
as counsel to the Debtor.

Thomas Ovation requires Stone & Baxter to:

   a. give the Debtor legal advice with respect to its powers and
      duties as Debtor-in-Possession in the continued operation
      of its business and management of its property;

   b. prepare on behalf of the Debtor, as Debtor-in-Possession,
      necessary applications, motions, answers, reports and other
      legal papers;

   c. continue existing litigation to which the Debtor-in-
      Possession may be a party, and conduct examinations
      incidental to the administration of the Debtor's estate;

   d. take any and all necessary action instant to the proper
      preservation and administration of the estate;

   e. assist the Debtor and Debtor-in-Possession with the
      preparation and filing of a Statement of Financial Affairs
      and schedules and lists as are appropriate;

   f. take whatever action is necessary with reference to the use
      by the Debtor of its property pledged as collateral,
      including any cash collateral, to preserve the same for the
      benefit of the Debtor and secured creditors in accordance
      with the requirements of the Bankruptcy Code;

   g. assert, as directed by the Debtor, all claims the Debtor
      has against others;

   h. assist the Debtor in connection with claims for taxes made
      by governmental units; and

   i. perform all other legal services for the Debtor, as Debtor-
      in-Possession, which may be necessary.

Stone & Baxter will be paid at these hourly rates:

     Attorney                $200-$505
     Paralegals              $135

Stone & Baxter is currently holding $27,547 as a retainer, which
was funded by a loan from Fourth Quarter Properties 100, LLC.

Stone & Baxter will also be reimbursed for reasonable out-of-pocket
expenses incurred.

Ward Stone, Jr., partner of Stone & Baxter, LLP, assured the Court
that the firm is a "disinterested person" as the term is defined in
Section 101(14) of the Bankruptcy Code and does not represent any
interest adverse to the Debtor and its estates.

Stone & Baxter can be reached at:

     Ward Stone, Jr., Esq.
     STONE & BAXTER, LLP
     577 Mulberry Street
     Macon, GA 31201
     Tel: (478) 750-9898
     Fax: (478) 750-9899

                   About Thomas Ovation, LLC

Thomas Ovation listed its business as a single asset real estate
(as defined in 11 U.S.C. Section 101(51B)) with its principal
assets located in Ovation Parkway Franklin, TN.

Thomas Ovation, LLC, based in Newnan, GA, filed a Chapter 11
petition (Bankr. N.D. Ga. Case No. 17-11046) on May 17, 2017. Ward
Stone, Jr., Esq., at Stone & Baxter, LLP, serves as bankruptcy
counsel.

In its petition, the Debtor estimated $50 million to $100 million
in both assets and liabilities. The petition was signed by Carole
Thomas, manager.


THRIFTY CENTER: Hires Tarpy Cox as General Counsel
--------------------------------------------------
Thrifty Center, Incorporated, seeks authority from the U.S.
Bankruptcy Court for the Eastern District of Tennessee to employ
Tarpy Cox Fleishman & Leveille, PLLC, as general counsel to the
Debtor.

Thrifty Center requires Tarpy Cox to provide legal services to the
Debtor in all matters dealing with the Chapter 11 bankruptcy,
including litigation in the bankruptcy, federal, and state courts.

Tarpy Cox will be paid at these hourly rates:

     Attorney                $300
     Associate               $200
     Paralegal               $75-$90

Tarpy Cox received an initial retainer of $9,717, which included a
filing fee of $1,717. Tarpy Cox has been paid $2,730 for services
through May 30, 2017, and $5,270 remains in the firm's trust
account.

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

Lynn Tarpy, partner of Tarpy Cox Fleishman & Leveille, PLLC,
assured the Court that the firm is a "disinterested person" as the
term is defined in Section 101(14) of the Bankruptcy Code and does
not represent any interest adverse to the Debtor and its estates.

Tarpy Cox can be reached at:

     Lynn Tarpy, Esq.
     TARPY COX FLEISHMAN & LEVEILLE, PLLC
     1111 N. Northshore, Suite N-290
     Knoxville, TN 37919
     Tel: (865) 588-1096

              About Thrifty Center, Incorporated

Thrifty Center, Incorporated, filed a Chapter 11 bankruptcy
petition (Bankr. E.D. Tenn. Case No. 17-31690) on May 30, 2017.
The Hon. Suzanne H Bauknight presides over the case.


TIDEWATER INC: Hearing on Disclosures & Plan Set for June 28
------------------------------------------------------------
The Hon. Brendan L. Shannon of the U.S. Bankruptcy Court for the
District of Delaware will hold on June 28, 2017, at 9:30 a.m.
(Prevailing Eastern Time) the hearing to consider the approval of
Tidewater Inc., et al.'s disclosure statement and confirmation of
the Debtors' prepackaged plan will be held on June 28, 2017, at
9:30 a.m. (Prevailing Eastern Time).

Objections to the Disclosure Statement and plan confirmation must
be filed by June 22, 2017, at 5:00 p.m. (Prevailing Eastern Time).

Vince Sullivan, writing for Bankruptcy Law360, relates that the
Debtor received court approval to move swiftly through the Chapter
11 process to get to a confirmation hearing on the Plan by the end
of June.  Law360 relates that Ray Schrock, Esq., at Weil Gotshal &
Manges LLP, the attorney for the Debtor, told the Court that the
Debtor could not sustain a long trip through bankruptcy and has
already started polling the creditor classes on the debt swap
proposed in the Plan.  According to the report, the Debtor has been
in talks with its creditors since 2016 on ways to restructure its
$2 billion in debt, as a prolonged downturn in the energy
exploration and production industry impacted drillers and rippled
through to service providers like Tidewater.

The Court also entered an interim order (i) authorizing the Debtors
to (a) pay, in their sole discretion, obligations incurred under or
relating to the base compensation obligations and employee benefit
plans; related expenses; and all fees and costs incident to the
foregoing, including amounts owed to the third-party
administrators; and (b) maintain and continue to honor and pay
amounts with respect to the Debtors' business practices, programs,
and policies for their employees as such were in effect as of the
commencement of the Chapter 11 cases and as such may be modified or
supplemented from time to time in the ordinary course of business;
and (ii) authorizing applicable banks and financial institutions to
receiver, honor, process, and pay all checks issued or to be issued
and electronic funds transfers requested or to be requested.

A final hearing to consider the Debtors' motion for authorization
to pay prepetition wages, salaries, employee benefits, and other
compensation is set for June 14, 2017, at 10:00 a.m. (Prevailing
Eastern Time).  Objections must be filed by June 7, 2017, at 4:00
p.m. (Prevailing Eastern Time).

The Debtors have until July 3, 2017, to file their schedules of
assets and liabilities and statements of financial affairs.

                      About Tidewater Inc.

Founded in 1955, Tidewater, Inc. (NYSE: TDW) is a publicly traded
international petroleum service company headquartered in New
Orleans, Louisiana, U.S.. It operates a fleet of ships, providing
vessels and marine services to the offshore petroleum industry.

Tidewater Inc. and its affiliates sought Chapter 11 bankruptcy
protection (Bankr. D. Del. Lead Case No. 17-11132) on May 17, 2017.
The petitions were signed by Bruce Lundstrom, executive vice
president, general counsel and secretary.

Tidewater, Inc., disclosed $4.31 billion in total assets and $2.34
billion in debt as of Dec. 31, 2016.

The Debtors tapped Weil, Gotshal & Manges LLP as counsel; Richards,
Layton & Finger, P.A., as co-counsel; Jones Walker LLP, as
corporate counsel; AlixPartners, LLP, as financial advisors; Lazard
Freres & Co. LLC, as investment banker; KPMG LLP, as restructuring
tax consultant; Deloitte & Touche LLP as auditor and tax
consultant; and Epiq Bankruptcy Solutions, LLC, as administrative
advisors, and claims and solicitation agent.


TIDEWATER INC: Plan Hearing on June 28; Newco Directors Named
-------------------------------------------------------------
Tidewater Inc. and its debtor subsidiaries will return to the
United States Bankruptcy Court for the District of Delaware on June
28, 2017, for a hearing to consider confirmation of their Joint
Prepackaged Chapter 11 Plan of Reorganization.

As contemplated by the Prepackaged Plan, the Company filed a
supplement to the Prepackaged Plan with the Bankruptcy Court on
June 5, 2017.  

The Plan Supplement:

     (1) identifies the six persons who have been selected by the
Requisite Consenting Noteholders and the Requisite Consenting
Tidewater Lenders, pursuant to Section 5.7 of the Prepackaged Plan,
to become new board members of reorganized Tidewater Inc. upon its
effective date (in addition to Jeffrey M. Platt, who currently
serves as President, Chief Executive Officer, and a director of the
Company, and who will continue to serve in those capacities
following the Prepackaged Plan’s effective date) and

     (2) includes a copy of the Restructuring Support Agreement and
its exhibits, which were originally filed with the SEC on May 12,
2017 as Schedule 1 to Exhibit A to Exhibit T3E.1 of the Form T-3.

The New Board Members of Reorganized Tidewater Parent are:

     -- Thomas Robert Bates, Jr.;
     -- Alan Carr;
     -- Ms. Randee Day;
     -- Mr. Dick Fagerstal;
     -- Mr. Steven Newman; and
     -- Mr. Larry Rigdon

Additional information on the Directors is available at
https://is.gd/7Rk4v5

                     About Tidewater Inc.

Founded in 1955, Tidewater, Inc. (NYSE: TDW) is a publicly traded
international petroleum service company headquartered in New
Orleans, Louisiana, U.S.  It operates a fleet of ships, providing
vessels and marine services to the offshore petroleum industry.

Tidewater Inc. and its affiliates sought Chapter 11 bankruptcy
protection (Bankr. D. Del. Lead Case No. 17-11132) on May 17,
2017.
The petitions were signed by Bruce Lundstrom, executive vice
president, general counsel and secretary.

Tidewater, Inc. disclosed $4.31 billion in total assets and $2.34
billion in debt as of Dec. 31, 2016.

The Debtors tapped Weil, Gotshal & Manges LLP as counsel; Richards,
Layton & Finger, P.A., as co-counsel; Jones Walker LLP, as
corporate counsel;  AlixPartners, LLP, as financial advisors;
Lazard Freres & Co. LLC, as investment banker; KPMG LLP, as
restructuring tax consultant; Deloitte & Touche LLP as auditor and
tax consultant; and Epiq Bankruptcy Solutions, LLC, as
administrative advisors, and claims and solicitation agent.

An official committee of unsecured creditors has not yet been
appointed in the Chapter 11 case of Tidewater Inc. as of May 31,
according to a court docket.


TIDEWATER INC: Snow Capital Reports 2.4% Equity Stake
-----------------------------------------------------
Snow Capital Management, L.P., disclosed in a regulatory filing
with the Securities and Exchange Commission that it may be deemed
to own 1,150,000 shares or roughly 2.4% of the Common Stock, $0.10
Par Value, of Tidewater, Inc.

Snow Capital may be reached at:

     Richard A. Snow, President
     Snow Capital Management, Inc.,
     General Partner of Snow Capital Management, L.P.
     2000 Georgetowne Drive, Suite 200
     Sewickley, PA 15143

                        About Tidewater Inc.

Founded in 1955, Tidewater, Inc. (NYSE: TDW) is a publicly traded
international petroleum service company headquartered in New
Orleans, Louisiana, U.S.  It operates a fleet of ships, providing
vessels and marine services to the offshore petroleum industry.

Tidewater Inc. and its affiliates sought Chapter 11 bankruptcy
protection (Bankr. D. Del. Lead Case No. 17-11132) on May 17,
2017.
The petitions were signed by Bruce Lundstrom, executive vice
president, general counsel and secretary.

Tidewater, Inc. disclosed $4.31 billion in total assets and $2.34
billion in debt as of Dec. 31, 2016.

The Debtors tapped Weil, Gotshal & Manges LLP as counsel; Richards,
Layton & Finger, P.A., as co-counsel; Jones Walker LLP, as
corporate counsel;  AlixPartners, LLP, as financial advisors;
Lazard Freres & Co. LLC, as investment banker; KPMG LLP, as
restructuring tax consultant; Deloitte & Touche LLP as auditor and
tax consultant; and Epiq Bankruptcy Solutions, LLC, as
administrative advisors, and claims and solicitation agent.

An official committee of unsecured creditors has not yet been
appointed in the Chapter 11 case of Tidewater Inc. as of May 31,
according to a court docket.


TOMER FRIDMAN: Bella Buying Calabasas Property for $525K
--------------------------------------------------------
Tomer Fridman asks the U.S. Bankruptcy Court for the Central
District of California to authorize the short sale of his property
located at 3731 Calle Jazmin, Calabasas, California, to Bella
Financial, Inc., for $525,000.

A hearing on the Motion is set for June 27, 2017 at 1:30 p.m.
Objections must be filed not later than 14 days before the date
designated for hearing.

Prior to filing his bankruptcy case, the Debtor employed Ewing &
Associates, Sotheby's International Realty to list the Debtor's
property at Calabasas, California, for sale.  The listing agent is
Denise Zago, whom, although she worked out of the same office that
the Debtor formerly worked, has nothing to do with the Debtor
regarding the sale, is not sharing her commission with the Debtor
and the Debtor is not benefiting financially from the sale.

The Debtor's estate consists of three pieces of real property
including 3731 Calle Jazmin, Calabasas, California.  The subject
property is encumbered by a note secured by a first deed of trust
dated May 5, 2005, which was in the original amount of $687,200 and
as of March 13, 2017, $985,331, Instrument Number 05-1152506, of
Official Records, which is serviced by Select Portfolio Servicing,
Inc. ("SPS"), P.O. Box 65277, Salt Lake City, UT 84165-0277 and a
note secured by a second deed of trust in favor of Amro Inc., a
California Corp., dated March 15, 2009 in the original amount of
$250,000 and recorded Feb. 12, 2013, Instrument Number 20130222011,
of Official Records.

The subject property is also subject to these additional clouds on
title:

   a. Lien recorded on Oct. 21, 2011 by the Palatino Homeowners
Association in the amount of $7,415, Instrument Number 20111425064,
of Official Records;

   b. Abstract of Judgment recorded regarding Case No. 12E09408,
Recorded Nov. 30, 2015 in the amount of $5,652, Recording No:
20151491716, of Official Records, recorded by Main Street
Acquisition Corp. Assignee of HSBC; and

   c. Tax lien recorded by the State of California, Franchise Tax
Board, State Identification Number 16153660079 / 2300134400, in the
amount of $35,727, recorded on June 2, 2016 as Instrument Number
2016-632529.

A short sale of the Subject Property under these terms, conditions
and provisions has been reached:

      Sale to Bella Financial, Inc.                    $525,000

      Deductions:

          SPS Agreed Short Sale                        $473,616
          Amro Agreed Short Sale                         $8,500
          Buyer's portion of RE Commission              $15,750
          Seller's portion of RE Commission             $15,750
          Fieldstone Escrow                              $2,250
          County Transfer Taxes                            $578
          Property taxes                                 $6,858
          Disclosure Save NHD                               $95
          Title Owner's Premium                          $1,603
                                                      ---------
          Total                                        $525,000
                                                      ---------
          Net to the Debtor                                  $0
                                                      =========

The holders of the 1st Trust Deed and the 2nd Trust Deed have
agreed to take a tremendous discount on the amount owed under their
notes in order to enable the sale of the Subject Property.
Additionally, the sale of the Subject Property at the price agreed
by SPS and Amro reflects that the Subject Property is worth no more
than $525,000, as evidenced by their agreement to receive
substantially less than the face amount of their notes.

The sale is being sought free and clear of liens of (i) the Lien
recorded on Oct. 21, 2011 by the Palatino Homeowners Association in
the amount of $7,415; (ii) the Abstract of Judgment recorded
regarding Case No. 12E09408, Recorded Nov. 30, 2015 in the amount
of $5,652; and (iii) tax lien recorded by the State of California,
Franchise Tax Board, State Identification Number 16153660079 /
2300134400, in the amount of $35,727.

Based on the foregoing, the asks the Court to (i) approve the
proposed sale of Property; and (ii) authorize the payment of cost
of sale and closing costs and agreed upon disbursements.

                       About Tomer Fridman

Tomer Fridman initiated his bankruptcy case with the filing of a
Chapter 13 case on June 9, 2016. An order converting the case to a
case Under Chapter 11 of the Bankruptcy Code (Bankr. C.D. Cal. Case
No. 16-11729) was entered on Dec. 22, 2016, and for all times
thereafter the Debtor has been in possession pursuant to 11 U.S.C.
Sec. 1107 and 1108.  The Debtor's estate consists of three real
estate properties.

Counsel for the Debtor:

          William H. Brownstein, Esq.
          WILLIAM H. BROWNSTEIN & ASSOCIATES
          11755 Wilshire Boulevard, Suite 1250
          Los Angeles, CA 90025-1540
          Telephone: (310) 458-0048
          Facsimile: (310) 362-3212
          E-mail: Brownsteinlaw.bill@gmail.com


TRANSMAR COMMODITY: FCStone-Led Auction of Forward Book on June 20
------------------------------------------------------------------
Judge James L. Garrity, Jr., of the U.S. Bankruptcy Court for the
Southern District of New York authorized Transmar Commodity Group
Ltd.'s bidding procedures in connection with the sale and
assignment of its cocoa products forward contracts to FCStone
Merchant Services, LLC, for $3,500,000, subject to adjustments,
subject to overbid.

A hearing on the Motion was held on May 31, 2017.

The deadline for submitting an offer for some or all of the forward
contracts ("Forward Book") is June 14, 2017 at 5:00 p.m. (ET).

If the Debtor receives at least two qualified bids for the same
forward contracts by the June 14 deadline, the Debtor will conduct
the Auction.  The Auction will take place at the offices of Riker,
Danzig, Scherer, Hyland & Perretti LLP, Headquarters Plaza, One
Speedwell Avenue, Morristown, New Jersey on June 20, 2017 at 10:00
a.m. (ET).

FCStone's bid, as reflected in the APA, is deemed a qualified bid
pursuant to the Bidding Procedures for all purposes.

The Court will conduct the sale hearing on June 28, 2017 at 10:00
a.m. (ET).

Any sale objections, if any, must be filed no later than June 21,
2017 at 4:00 p.m.  Any reply by the Debtor will be filed and served
by no later than June 23, 2017 at 5:00 p.m.  No later than June 6,
2017, the Debtor will serve a copy of the Order, with exhibit, and
the Bidding Procedures Notice upon all Notice Parties.

The proposed assumed contracts notice provides adequate and
sufficient notice to any applicable counter-party of any proposed
assumption and/or assignment of any Forward Contract, and is
approved.  The cure objection deadline is June 21, 2017 at 4:00
p.m.

The Debtor will: (i) within 24 hours of receipt of an Offer from a
Potential Bidder (other than FCStone) and (ii) with respect to
FCStone, by no later than 20 days before the Sale Hearing, or by
June 8, 2017 at 4:00 p.m.  Any Counterparty to a Forward Contract
must be filed by (i) no later than June 21, 2017 at 4:00 p.m. (ET)
if such Adequate Assurance Objection relates to FCStone or (ii) no
later than June 26, 2017 at 4:00 p.m. (ET) with respect to such
Qualified Bidder other than FCStone.  Replies, if any, to Adequate
Assurance Objections to a Qualified Bidder other than FCStone must
be filed by June 27, 2017 at 4:00 p.m. (ET).

Any counterparty to a Forward Contract that wishes to file a sale
objection must file by no later than the Sale Objection Deadline of
June 21, 2017, at 4:00 p.m. (ET).

The Transaction Expenses, and the provisions of the APA relating
thereto or amendments thereto, are approved.

The Order will become effective immediately upon its entry.

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

      http://bankrupt.com/misc/Transmar_Commodity_329_Order.pdf

                           Forward Book

The cocoa market is notoriously volatile and impacted by weather,
geopolitical and economic fluctuations, which create an atmosphere
of uncertainty within the cocoa industry.  Accordingly, the Debtor
entered into forward contracts with counter-parties to those
contracts in the ordinary course of its business.  The Debtor also
utilized the futures market to hedge or reduce existing and/or
expected risks associated with fluctuations in the prices of
certain cocoa products.

As of the Petition Date, the Debtor was a party to many forward
contracts ("Forward Book") to both purchase and to supply cocoa
beans and cocoa products ("Product") to various Counterparties.
The Forward Book consists of two parts:

   a. The Forward Sale Contracts: The Debtor is party to certain
Forward Contracts pursuant to which the Debtor agrees to sell, and
the Counterparty agrees to purchase, Product in certain
quantities;
and

   b. The Forward Purchase Contracts: The Debtor is also party to
certain Forward Contracts pursuant to which a Counterparty agrees
to sell, and the Debtor agrees to purchase, product in certain
quantities.

The Forward Book serves as part of the collateral of the Debtor's
Pre-Petition Lenders pursuant to the latter's blanket first
priority lien on virtually all of the Debtor's assets pursuant to
an Amended and Restated Security Agreement dated as of Feb. 26,
2016, along with other collateral documentation.s

                  About Transmar Commodity Group

Transmar Commodity Group Ltd. filed a Chapter 11 petition (Bankr.
S.D.N.Y. Case No. 16-13625) on Dec. 31, 2016.  The petition was
signed by was signed by Peter G. Johnson, chairman, president and
chief executive officer.  At the time of filing, the Debtor
estimated assets and liabilities between $100 million and $500
million.

The Debtor is represented by Joseph L. Schwartz, Esq., Tara J.
Schellhorn, Esq., and Rachel F. Gillen, Esq., at Riker Danzig
Scherer Hyland & Perretti LLP.  The Debtor has engaged Tracy L.
Klestadt, Esq., Joseph C. Corneau, Esq., and Christopher J.
Reilly, Esq., at Klestadt Winters Jureller Southard & Stevens, LLP,
as local counsel; and GORG as German special counsel. The Debtor
has hired DeLoitte Transactions and Business Analytics LLP as its
restructuring advisor; and Donlin, Recano & Company, Inc., as its
claims and noticing agent.

The Office of the U.S. Trustee has appointed three creditors of
Transmar Commodity Group Ltd. to serve on the official committee
of unsecured creditors.  The Committee tapped Tarter Krinsky &
Drogin, LLP as counsel.

                          *     *     *

The Debtor is winding down its business operations and liquidating
its assets in the bankruptcy case.


TRANSMAR COMMODITY: Private Sale of Powder Book to AMERRA Okayed
----------------------------------------------------------------
Judge James L. Garrity, Jr. of the Bankruptcy Court for the
Southern District of New York authorized Transmar Commodity Group
Ltd.'s private sale and assignment of its Powder Book to AMERRA
Cocoa USA, LLC for the aggregate consideration that will be the
product of $40 and the number of metric tons of cocoa powder that
are outstanding for delivery under each assigned contract, reduced
by the portion of the cure amount, if any, that is in excess of
$25,000, and as further adjusted, plus the assumption of the
assigned liabilities.

A Sale Hearing was held on May 31, 2017.

The sale is free and clear of all liens, claims and encumbrances.

The Debtor is authorized to assume and assign the Assigned
Contracts set forth on Section 2.01(a) of the Disclosure Schedules
delivered in connection with the APA, including but not limited to
the Assigned Contracts with Clasen Quality Chocolates, Inc.,
Tootsie Roll Industries, Tate & Lyle, and R.M. Palmer Co..

The Forbes Contracts will be rejected and will no longer be
considered "Assigned Contracts" for purposes of the APA and the
Order.

The Cure Amounts set forth in the relevant Cure Notice, which
indicate all Cure Amounts are $0, will be controlling
notwithstanding anything to the contrary in any Assumed Contract or
other document, and the nondebtor party to each Assumed Contract
will be forever barred from asserting any other claim arising prior
to the date of entry of the Order against either the Debtor or
AMERRA.  

In resolution of the Forbes' Objection, Forbes will make a payment
of $15,000 to the Debtor's estate within five business days of
entry of the Order and the Forbes' Objection will be deemed
withdrawn.  In exchange for the Settlement Payment and the release
of any and all claims against the estate, the Forbes Contracts: (i)
will be rejected and deemed to be terminated in accordance with
their own terms and the applicable provisions of the Bankruptcy
Code and (ii) may not be otherwise assumed by the Debtor or
assigned to or enforced after the closing by AMERRA or any other
party.  From and after the date of the Order, AMERRA will have the
ability to negotiate and contract with Forbes and will not be
subject to any restrictions under the Confidentiality Agreement by
and between the Debtor and AMERRA, or otherwise.  

Notwithstanding the possible applicability of Fed. R. Bankr. P.
6004(h), 6006(d), 7062 and 9014, the terms and conditions of the
Order will be effective immediately and enforceable upon its entry,
and no automatic stay of execution will apply to the Order.  The
Debtor and AMERRA are authorized to close immediately upon entry of
the Order.

A copy of the list of the Assigned Contracts attached to the Order
is available for free at:

     http://bankrupt.com/misc/Transmar_Commodity_328_Order.pdf

              About Transmar Commodity Group Ltd.

Transmar Commodity Group Ltd. filed a Chapter 11 petition (Bankr.
S.D.N.Y. Case No. 16-13625) on Dec. 31, 2016.  The petition was
signed by was signed by Peter G. Johnson, chairman, president and
chief executive officer.  At the time of filing, the Debtor
estimated assets and liabilities between $100 million and $500
million.

The Debtor is represented by Joseph L. Schwartz, Esq., Tara J.
Schellhorn, Esq., and Rachel F. Gillen, Esq., at Riker Danzig
Scherer Hyland & Perretti LLP.  The Debtor has engaged Tracy L.
Klestadt, Esq., Joseph C. Corneau, Esq., and Christopher J.
Reilly, Esq., at Klestadt Winters Jureller Southard & Stevens, LLP,
as
local counsel; and GORG as German special counsel. The Debtor has
hired DeLoitte Transactions and Business Analytics LLP as its
restructuring advisor; and Donlin, Recano & Company, Inc., as its
claims and noticing agent.

The Office of the U.S. Trustee has appointed three creditors of
Transmar Commodity Group Ltd. to serve on the official committee
of unsecured creditors.  The Committee tapped Tarter Krinsky &
Drogin, LLP as counsel.


TUSCALOOSA AVENUE TRUST: Voluntary Chapter 11 Case Summary
----------------------------------------------------------
Debtor: Tuscaloosa Avenue Trust
        710 Thompson Ave
        Maitland, FL 32751

Case No.: 17-02437

Type of Debtor: Trust

Chapter 11 Petition Date: June 7, 2017

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

Judge: Hon. Tamara O Mitchell

Debtor's Counsel: C Taylor Crockett
                  C. TAYLOR CROCKETT, P.C.
                  2067 Columbiana Road
                  Birmingham, AL 35216
                  Tel: 205-978-3550
                  Fax: 205-978-3556
                  E-mail: taylor@taylorcrockett.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Marc O. Kozlowski, trustee.

The Debtor has no unsecured creditors.

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

      http://bankrupt.com/misc/alnb17-02437_petition.pdf


US ANESTHESIA: Moody's Assigns B2 Corporate Family Rating
---------------------------------------------------------
Moody's Investors Service assigned a B2 CFR and a B2-PD PDR to U.S.
Anesthesia Partners, Inc. Moody's also assigned a B1 rating to the
company's proposed first lien credit facilities and a Caa1 rating
to its proposed second lien term loan. The rating outlook is
stable. This is the first time Moody's has rated U.S. Anesthesia
Partners, Inc. The ratings assigned are subject to receipt and
review of final documentation.

U.S. Anesthesia Partners, Inc.

Corporate Family Rating at B2

Probability of Default Rating at B2-PD

Senior Secured First Lien Revolving Credit Facility at B1 (LGD 3)

Senior Secured First Lien Term Loan at B1 (LGD 3)

Senior Secured Second Lien Term Loan at Caa1 (LGD 5)

The rating outlook is stable.

RATINGS RATIONALE

U.S. Anesthesia's B2 CFR reflects Moody's expectations that the
company's financial leverage will remain high with debt/EBITDA
expected to remain around 6 times over the next 12-18 months. The
ratings also reflect U.S. Anesthesia's geographic concentration, as
it operates in only five states, with the majority of revenue
derived from Texas. Moody's expects that the company will utilize
free cash primarily to fund acquisitions or pay discretionary
distributions to its owners. The rating also reflects the benefits
-- but also risks -- of U.S. Anesthesia's unique ownership
structure. The company is majority owned by the physicians who
provide the company's services -- with a high degree of variability
in physician compensation. This results in high alignment between
the company and its physician-owners. It also creates the risk
that, over time, U.S. Anesthesia (a non-public company) will need
to create a mechanism to "buy out" (possibly by issuing debt)
physicians who seek to retire or otherwise leave the organization.
The rating also reflects successful execution of the company's
strategies to partner with leading health care providers in its
locations and Moody's expectations that positive structural trends,
such as an aging population, will bode well for demand for
anesthesiology services. The rating also reflects the company's
very good liquidity profile.

The B1 rating assigned to the company's first lien credit
facilities reflects a first priority interest in substantially all
assets of the company and the amount of junior capital provided by
the second lien term loan. The Caa1 rating assigned to the second
lien term loan reflects its junior ranking position relative to a
meaningful amount of first lien debt in the company's capital
structure.

The rating outlook is stable. Moody's expects that leverage
(debt/EBITDA) will remain around 6 times and that free cash flow
will likely be used to fund distributions to shareholders.

Ratings could be upgraded if the company continues to successfully
execute its growth strategy, resulting in greater scale and
geographic diversification. Ratings could also be upgraded if the
company's financial policies become more conservative, such that
debt/EBITDA approaches 5 times.

Ratings could be downgraded if the company is unable to
successfully integrate future acquisitions, which leads to pressure
on earnings. Ratings could also be downgraded if the company's
financial policies become more aggressive and debt/EBITDA is
sustained above 6.5 times. Ratings could also be downgraded if the
company's good liquidity profile erodes.

U.S. Anesthesia Partners provides anesthesia services through over
2,600 anesthesia providers in over 400 facilities across five
states. Pro forma revenues exceed $1 billion. The company is 56%
owned by approximately 1,000 physician partners and management, and
44% owned by financial investors Welsh Carson Anderson & Stowe.


VINCE MYERS: Voluntary Chapter 11 Case Summary
----------------------------------------------
Debtor: Vince Myers Welding & Construction, Inc.
        1001 E. Eseco Rd.
        Cushing, OK 74023

Case No.: 17-12267

Business Description: Vince Myers Welding & Construction, Inc. is
                      a pipeline construction company based in
                      Cushing, OK.  The Company holds construction
                      contracts with over 15 major oil companies.

                      Web site: http://www.vincemyerswelding.com

Chapter 11 Petition Date: June 7, 2017

Court: United States Bankruptcy Court
       Western District of Oklahoma (Oklahoma City)

Judge: Hon. Janice D. Loyd

Debtor's Counsel: Gary D. Hammond, Esq.
                  MITCHELL & HAMMOND
                  512 NW 12th Street
                  Oklahoma City, OK 73103
                  Tel: (405) 216-0007
                  Fax: 405-232-6358
                  E-mail: gary@okatty.com

Estimated Assets: $0 to $50,000

Estimated Liabilities: $1 million to $10 million

The petition was signed by Bobbie Myers, president.

The Debtor failed to include a list of its 20 largest unsecured
creditors at the time of the filing.

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

          http://bankrupt.com/misc/okwb17-12267.pdf


VRG LIQUIDATING: Wants Plan Exclusivity Extended to Oct. 18
-----------------------------------------------------------
VRG Liquidating, LLC, et al., ask the U.S. Bankruptcy Court for the
District of Delaware to extend the exclusive periods for the filing
of a Chapter 11 plan of liquidation and the solicitation of
acceptances of the plan through and including Oct. 18, 2017, and
Dec. 18, 2017, respectively.

A hearing to consider the Debtors' request is set for July 17,
2017, at 2:00 p.m. (ET).  Objections to the request must be filed
by June 20 at 4:00 p.m. (ET).

In the approximately 14 months since the Petition Date, the Debtors
have, among other things: (i) conducted going out of business
sales; (ii) sold substantially all of their remaining assets to
Vestis BSI Funding II, LLC; (iii) prepared the Plan and Disclosure
Statement jointly with the Official Committee of Unsecured
Creditors; (iv) analyzed administrative expense claims and priority
claims that have been filed to date; and (v) started to file claims
objections and notices of satisfaction of those claims.

The Debtors require additional time to complete their analysis of
these claims and, where appropriate, to object to these claims.
The Debtors submit that the complexity and relatively short
duration of these cases warrants the extension of the Exclusive
Periods.

While the Debtors have already made significant progress by
preparing the Plan and Disclosure Statement, before proceeding with
an amended Plan and Disclosure Statement the Debtors need to
complete their analysis and reconciliation of the administrative
expense claims and priority claims that have been filed to date
and, where appropriate, to object to those claims.  The extent to
which these claims are allowed or disallowed at the conclusion of
this process may necessitate further revisions to the Plan and
Disclosure Statement.

As the Debtors' business was sold to Vestis BSI, the Debtors have
limited post-petition obligations other than for professional fees
and expenses.  As the Debtors' undisputed post-petition obligations
will be paid, the requested extension of the Exclusive
Periods will not prejudice the legitimate interests of the Debtors'
post-petition creditors.

                    About VRG Liquidating, LLC

Vestis Retail Group and eight of its affiliates filed Chapter 11
bankruptcy petitions (Bankr. D. Del. Lead Case No. 16-10971) on
April 18, 2016. The Debtors estimated assets in the range of $0 to
$50,000 and debts of $100 million to $500 million. The petitions
were signed by Thomas A. Kennedy as secretary.

Headquartered in Meriden, Connecticut, Vestis Retail Group, LLC, et
al., operate 144 retail stores, which are located in 15 states.
Bob's Stores operates 36 stores throughout New England, New York,
and New Jersey. Eastern Mountain Sports operates 61 stores, located
primarily in the Northeastern states. Sport Chalet operates 47
stores throughout California, Arizona, and Nevada. Bob's Stores and
EMS primarily operate stores located in the Northeastern states,
while Sport Chalet's stores, which are currently being liquidated,
are located in the Western states.

Prior to the Petition Date, each of the three Debtor retailers
operated an e-commerce site at, respectively, www.bobstores.com,
www.sportchalet.com, and www.ems.com. In 2015, the Debtors
collectively generated 5% of their total sales, or approximately
$32 million, through e-commerce, according to Court documents.

Judge Laurie Selber Silverstein is assigned to the cases.

The Debtors have hired Young, Conaway, Stargatt & Taylor, LLP as
their counsel, FTI Consulting, Inc. and Lincoln Partners Advisors
LLC as their financial advisor and Kurtzman Carson Consultants,
LLC, as their claims and noticing agent, KPMG LLP as tax compliance
and consulting service provider.

An official committee of unsecured creditors has been appointed in
the cases. The Committee has tapped Cooley LLP as its lead counsel
and Polsinelli as conflicts counsel.  Zolfo Cooper, LLC, serves as
its bankruptcy consultant and financial advisor.


WALTER INVESTMENT: Moody's Cuts CFR to Caa2 on Restructuring Risk
-----------------------------------------------------------------
Moody's Investors Service has taken the following rating actions
with respect to Walter Investment Management Corp.:

Issuer: Walter Investment Management Corp

-- LT Corporate Family Rating, Downgraded to Caa2 from Caa1,
    Outlook remains Negative

-- Senior Secured Bank Credit Facility, Downgraded to Caa1 from
    B3, Outlook remains Negative

-- Senior Unsecured Regular Bond/Debenture, Downgraded to Caa3
    from Caa2, Outlook remains Negative

Outlook Actions:

-- Outlook, Remains Negative

RATINGS RATIONALE

The rating action is due to the growing risk of a debt
restructuring that Moody's believes is presented by the company's
depleted capital, which is due to its continued losses. While the
earliest maturity of the company's corporate debt is November 2019,
absent a restructuring Moody's believes the likelihood that the
company will be able to refinance its corporate debt is limited.

The Caa1 rating of the senior secured bank credit facility and the
Caa3 rating of the senior unsecured debt reflects Moody's notching
analysis which incorporates their priority of claim and strength of
asset coverage.

As a result of the company's weak profitability and debt-financed
growth, its financial leverage is very high and unlikely to
significantly improve. As of March 31, 2017, the company's tangible
common equity (TCE) to tangible assets was 1.4%, a drop from 1.9%
as of year-end 2015.

Furthermore, on May 22, 2017, the company announced that it had
uncovered an accounting error whereby the company's methodology in
calculating the valuation allowance of its deferred tax asset (DTA)
resulted in a duplication of the reversal of taxable temporary
differences. Once amendments to original statements are filed, the
company's net DTA balance is expected to materially decrease and as
a result its TCE will decline further.

The company's profitability has been very weak. In 2016, the
company lost $790 million before taxes, driven by a $326 million
goodwill and intangible assets and $244 million net decrease in MSR
fair value from a change in valuation inputs and other assumptions.
Even excluding these and other non-recurring items, the company had
a pre-tax loss of $217 million as the heightened regulatory
environment increased operating costs. Walter posted a small GAAP
profit before taxes in the first quarter of 2017 of $4 million
driven, by a $68 million gain on the sale of its principal
insurance agency. Excluding non-recurring items, the company lost
$44 million before taxes. While the company's new management
continues to embark on a number of cost cutting initiatives, it is
uncertain when the company will be able to become sustainably
profitable.

The negative outlook is due to the limited paths to profitability,
which increase the risk of a debt restructuring.

Given the negative outlook, it is unlikely that the company's
ratings will be upgraded. The outlook could return to stable if the
company is able to achieve sustained profitability and if leverage
remains stable.

The ratings could be downgraded if the company restructures its
debt or if its financial performance worsens over the next 12-18
months, such as if the company is unable to achieve sustained GAAP
profitability or if TCE to tangible assets is expected to remain
below 2.0% during this time period.


WARNERWORKS LLC: Hires Cooper Pautz as Counsel
----------------------------------------------
Warnerworks, LLC, seeks authority from the U.S. Bankruptcy Court
for the Western District of New York to employ Cooper Pautz
Weiermiller & Daubner, LLP, as counsel to the Debtor.

Warnerworks, LLC requires Cooper Pautz to:

   a. prepare and file schedules, statement of financial
      affairs and statement of executory contracts;

   b. represent the Debtor in possession at all meetings of
      creditors, hearings, pre-trial conferences and trials in
      the bankruptcy case for any litigation arising in
      connection with the case;

   c. prepare, file and present to the Court any pleadings
      requesting relief;

   d. prepare, file and present to the Court a disclosure
      statement and plan of arrangement under Chapter 11 under
      the Bankruptcy Code;

   e. review claims made by creditors and interested parties,
      including preparation and prosecution of any objections to
      claims as appropriate;

   f. prepare and present a final accounting and motion for
      final decree closing the bankruptcy case; and

   g. perform all legal services for the Debtor which may be
      necessary herein.

Cooper Pautz will be paid at the hourly rate of $250.

The Debtor paid Cooper Pautz a retainer in the amount of $5,000, of
which $2,500 was used for pre-filing, leaving a balance of $2,500.

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

Mark A. Weiermiller, partner of Cooper Pautz Weiermiller & Daubner,
LLP, assured the Court that the firm is a "disinterested person" as
the term is defined in Section 101(14) of the Bankruptcy Code and
does not represent any interest adverse to the Debtor and its
estates.

Cooper Pautz can be reached at:

     Mark A. Weiermiller, Esq.
     COOPER PAUTZ WEIERMILLER & DAUBNER, LLP
     2854 Westinghouse Road
     Horseheads, NY 14845
     Tel: (607) 739-8763

                   About Warnerworks, LLC

Warnerworks, LLC, filed a Chapter 11 bankruptcy petition (Bankr.
W.D.N.Y. Case No. 17-20537) on May 18, 2017, disclosing under $1
million in both assets and liabilities. The Debtor is represented
by Mark A. Weiermiller, Esq., at Cooper Pautz Weiermiller &
Daubner, LLP.



WESMAR ENTERPRISES: Bank Lender to Auction Lots on June 13
----------------------------------------------------------
Several parcels of lot owned by Wesmar Enterprises LLC, an Oklahoma
limited liability company, will be sold to the highest bidder at an
auction on June 13, 2017, commencing at 10:30 a.m. at the Southwest
corner of the Courthouse, Memphis, Shelby County, Tennessee, and at
the Adams Avenue entrance.

Glenn D. Everton, as trustee, will conduct the sale.

According to the notice of auction, "Default ha[s] been made in
payment of the debts and obligations to be paid in a certain Deed
of Trust executed the 23rd day of September, 2016, by WESMAR
ENTERPRISES, LLC, an Oklahoma limited liability company, to GLENN
D. EVERTON, as Trustee, as the same appears of record in the Office
of the Register of Shelby County, Tennessee, under Instrument No.
16110144 and assigned by Collateral Assignment of Promissory Note,
Deed of Trust and Assignment of Rents to Financial Federal Bank
under Instrument No. 16101646 in said Register''s Office.  And the
owner of the debt secured having requested the undersigned to
advertise and sell the property described in and conveyed by said
Deed of Trust, all of said indebtedness having matured by default
in the payment of a part thereof, at the option of the owner."

The assets to be sold are:

Parcel 1: 3300 Ardmore Street, Memphis, TN 38127
Parcel 2: 2463 Brewster Street, Memphis, TN 38127
Parcel 3: 3696 Debby Drive, Memphis, TN 38127
Parcel 4: 3558 Debby Drive, Memphis, TN 38127
Parcel 5: 3619 Debby Drive, Memphis, TN 38127
Parcel 6: 2018 Gayle Drive, Memphis, TN 38127
Parcel 7: 3292 Boone Street, Memphis, TN 38127
Parcel 8: 3720 Crosswood Cove, Memphis, TN 38127
Parcel 9: 2297 Delray Avenue, Memphis, TN 38127
Parcel 10: 2298 Dells Avenue, Memphis, TN 38127
Parcel 11: 3663 Mountain Terrace Street, Memphis, TN 38127
Parcel 12: 3646 Ladue Street, Memphis, TN 38127
Parcel 13: 4191 Yale Road, Memphis, TN 38128
Parcel 14: 4247 Trudy Street, Memphis, TN 38128
Parcel 15: 3515 Suzanne Drive, Memphis, TN 38127
Parcel 16: 3682 Suzanne Drive, Memphis, TN 38127
Parcel 17: 3705 Suzanne Drive, Memphis, TN 38127
Parcel 18: 3567 Suzanne Drive, Memphis, TN 38127
Parcel 19: 3559 Spring Water Cove, Memphis, TN 38128
Parcel 20: 1568 Gowan Drive, Memphis, TN 38127
Parcel 21: 1574 Gowan Drive, Memphis, TN 38127
Parcel 22: 2393 Millbrook Avenue, Memphis, TN 38127
Parcel 23: 2402 Millbrook Avenue, Memphis, TN 38127
Parcel 24: 3738 Mountain Terrace Street, Memphis, TN 38127
Parcel 25: 1456 Rolling Hills Drive, Memphis, TN 38127
Parcel 26: 3497 Mountain Terrace Street, Memphis, TN 38127
Parcel 27: 819 Par Drive, Memphis, TN 38127
Parcel 28: 1841 James Road, Memphis, TN 38127
Parcel 29: 3228 Mountain Terrace Street, Memphis TN 38127
Parcel 30: 3744 Range Line Road, Memphis, TN 38127

Crestcore Financial, LLC, is the first mortgage lien holder.
Phillips Barbera and Co, Inc., is the second mortgage lien holder,
according to the notice of the auction.


WESTINGHOUSE ELECTRIC: Boilermakers Agree to 3-Year Contract
------------------------------------------------------------
Westinghouse Electric Company announced June 4, 2017, that it has
agreed to a new, three-year contract with the International
Brotherhood of Boilermakers, Iron Shipbuilders, Blacksmiths,
Forgers and Helpers (the Boilermakers) at the Nuclear Components
Manufacturing (NCM) facility in Newington, New Hampshire.

The agreement is effective June 5, 2017 to May 3, 2020, and ends
the lockout that began on May 21.  A total of 172 employees were to
return to work beginning at 12:01 a.m. Monday, June 5.

"We are pleased that we have come to an agreement with the
Boilermakers," said Mark Marano, Westinghouse chief operating
officer.  "This agreement enables us to continue manufacturing the
components critical to the nuclear industry in New Hampshire.  We
believe this competitive three-year contract is in the best
interest of both Westinghouse and the Boilermakers, and will
continue our mutual success."

Westinghouse began formal negotiations with the Boilermakers in
April for the contract that expired April 30, 2017.  The company
continued discussions in good faith with the Boilermakers beyond
the contract expiration, allowing work to continue under an
extension to the existing contract.  The lockout was invoked on May
21 after Westinghouse and the Boilermakers could not agree on a new
contract.  Both sides continued working toward a resolution, which
resulted in the ratified contract June 4.

                  About Westinghouse Electric

Westinghouse Electric Company LLC --
http://www.westinghousenuclear.com/-- is a U.S. based nuclear
power company founded in 1999 that provides design work and
start-up help for new nuclear power plants and makes many of the
components.  Westinghouse manufactures and supplies the commercial
fuel products needed to run the plants, and it offers training,
engineering, maintenance, and quality management services.  Almost
50% of nuclear power plants around the world and about 60% of U.S.
plants are based on Westinghouse's technology.  Westinghouse's
world headquarters are located in the Pittsburgh suburb of
Cranberry Township, Pennsylvania.

On Oct. 16, 2006, Westinghouse Electric was sold for $5.4 billion
to a group comprising of Toshiba (77% share), partners The Shaw
Group (20% share), and Ishikawajima-Harima Heavy Industries Co.
Ltd. (3% share).  After purchasing part of Shaw's stake in 2013,
Japan-based conglomerate Toshiba obtained ownership of 87% of
Westinghouse.

Amid cost overruns at U.S. nuclear reactors it was building,
Westinghouse Electric Company LLC, along with 29 affiliates,
filed voluntary petitions for relief under Chapter 11 of the
United States Bankruptcy Code (Bankr. S.D.N.Y. Case No. 17-10751)
on March 29, 2017.  The petitions were signed by AlixPartners'
Lisa J. Donahue, chief transition and development officer.

The Debtors listed total assets of $4.32 billion and total
liabilities of $9.39 billion as of Feb. 28, 2017.

The Hon. Michael E. Wiles presides over the cases.

Gary T. Holtzer, Esq., Robert J. Lemons, Esq., Garrett A. Fail,
Esq., and David N. Griffiths, Esq., at Weil, Gotshal & Manges LLP,
serve as counsel to the Debtors.  AlixPartners LLP serves as the
Debtors' financial advisor.  The Debtors' investment banker is PJT
Partners Inc.  Their claims and noticing agent is Kurtzman Carson
Consultants LLC.

Toshiba Nuclear Energy Holdings (UK) Ltd. is represented by
Albert Togut, Esq., Brian F. Moore, Esq., and Kyle J. Ortiz,
Esq., at Togut, Segal & Segal LLP.

The statutory unsecured claimholders committee formed in the case
tapped Proskauer Rose LLP as counsel, with the engagement led by
partner Martin J. Bienenstock, the chair of the firm's Business
Solutions, Governance, Restructuring & Bankruptcy Group; partner
Timothy Q. Karcher; and senior associate Vincent Indelicato.


WJA ASSET: Taps Smiley Wang-Ekvall as Legal Counsel
---------------------------------------------------
WJA Asset Management LLC seeks approval from the U.S. Bankruptcy
Court for the Central District of California to hire Smiley
Wang-Ekvall, LLP.

The firm will provide legal services to WJA Asset and its
affiliates in connection with their Chapter 11 cases.  These
services include advising the Debtors regarding the provisions of
the Bankruptcy Code, and assisting them in the preparation of a
plan of reorganization.

The hourly rates for attorneys and paralegal who will be primarily
responsible for representing the Debtors are:

     Lei Lei Wang Ekvall     $610
     Robert Marticello       $490
     Michael Simon           $290
     Janet Hogan             $250

Smiley received a pre-bankruptcy retainer in the amount of
$250,000.  In addition to the retainer, the firm received $51,510,
of which $44,642 was used to pay the filing fees.

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

Smiley can be reached through:

     Lei Lei Wang Ekvall, Esq.
     Philip E. Strok, Esq.
     Robert S. Marticello, Esq.
     Michael L. Simon, Esq.
     Smiley Wang-Ekvall, LLP
     3200 Park Center Drive, Suite 250
     Costa Mesa, CA 92626
     Tel: 714 445-1000
     Fax: 714 445-1002
     Email: lekvall@swelawfirm.com
     Email: pstrok@swelawfirm.com
     Email: rmarticello@swelawfirm.com
     Email: msimon@swelawfirm.com

                   About WJA Asset Management

Founded in 2011, WJA Asset Management is a small organization in
the management services industry located in Laguna Hills,
California.  WJA Asset and its affiliates are part of a network of
entities or "funds" formed to offer a range of investment
opportunities to clients.

The Debtors sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. C.D. Calif. Lead Case No. 17-11996) on May 18, 2017.
Howard Grobstein, chief restructuring officer, signed the
petitions.  

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

Judge Scott C. Clarkson presides over the cases.


WORLD OF WOOD: Amends Plan to Reflect Obligation to SBA
-------------------------------------------------------
World of Wood, Ltd., filed with the U.S. Bankruptcy Court for the
Eastern District of Virginia a second amended disclosure statement
dated May 26, 2017, referring to its plan of reorganization.

This latest version of the Plan reflects the Debtor's obligation to
the U.S. Small Business Administration instead of Wells Fargo Bank.
The SBA is serviced by The Business Finance Group, Inc., of
$986,000 which obligation the Debtor guaranteed for Artisan
Partnerships, LLC.

The Troubled Company Reporter previously reported that Class 3
under the Plan consists of the non-priority unsecured claims of
claimants holding claims of $1,000 or less.  The total of Claims in
Class 3 is approximately $18,226.  Class 3 General Unsecured
Creditors - Administrative Convenience is impaired by the Plan.
The Class 3 Creditors will be paid 80% of their allowed unsecured
claims, within 30 days of the Effective Date.

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

     http://bankrupt.com/misc/vaeb16-13186-99.pdf

                About World of Wood, Ltd.        

World of Wood, Ltd. dba Hardwood Aritsans filed a Chapter 11
petition (Bankr. E.D. Va. Case No. 16-13186), on September 19,
2016.  The petition was signed by Curtis Smay, co-CEO.  The case
is
assigned to Judge Brian F. Kenney.  The Debtor is represented by
Christopher L. Rogan, Esq. at ROGANMILLERZIMMERMAN, PLLC.  The
Debtor disclosed $320,649 in total assets and $4.23 million in
total liabilities.  The petition was signed by Curtis Smay,
co-CEO.

A copy of the Debtor's list of 20 largest unsecured creditors is
available for free at http://bankrupt.com/misc/vaeb16-13186.pdf


YOU'RE PUTTING: U.S. Trustee Unable to Appoint Committee
--------------------------------------------------------
An official committee of unsecured creditors has not yet been
appointed in the Chapter 11 case of You're Putting Me On, Inc., as
of June 6, according to a court docket.

Headquartered in Pittsburgh, Pennsylvania, You're Putting Me On,
Inc. dba Hometowne Sports filed for Chapter 11 bankruptcy
protection (Bankr. W.D. Pa. Case No. 17-21720) on April 26, 2017,
estimating its assets at up to $50,000 and its liabilities at
between„ $500,001 and $1 million.  Brian C. Thompson, Esq., at
Thompson Law Group, P.C., serves as the Debtor's bankruptcy
counsel.


[*] Frank J. Wright, C. Ashley Ellis & Erin C. McGee Join Gardere
-----------------------------------------------------------------
Frank J. Wright, C. Ashley Ellis and Erin C. McGee have joined
Gardere Wynne Sewell LLP's Dallas office, adding to its nationally
recognized bankruptcy bench.

"We are pleased to continue our growth in 2017 with the addition of
this talented group of lawyers," said Holland N. O'Neil, chair of
Gardere's board of directors and a partner in the firm's financial
restructuring and reorganization practice group.  "Our Financial
Restructuring and Reorganization Practice is one of the largest
groups in the state of Texas and the addition of a well-respected
and seasoned bankruptcy practitioner like Frank, along with his
team, will further strengthen our depth and expertise in this
practice area."

Mr. Wright, who joins the firm as a partner, focuses his practice
primarily on corporate restructurings and strategic planning.  He
has a comprehensive national practice that is predominantly devoted
to insolvency, reorganization, mergers and acquisitions, and
related areas, as well as extensive litigation in the bankruptcy
court and other federal courts.  Mr. Wright has been counsel for
parties involved in all facets of the bankruptcy process, including
debtors, creditors, landlords, creditors' committees, shareholders
and third-party purchasers.  He has represented a variety of public
companies and enterprises involved in diverse areas of business,
including energy, real estate, transportation, manufacturing,
healthcare and telecommunications.

Ms. Ellis joins the firm as a senior attorney.  She represents
corporate entities in complex reorganization proceedings and has
participated in related cases nationwide.  She has extensive
experience negotiating and drafting plans of reorganization and
corresponding disclosure statements in Chapter 11 cases.  Ms. Ellis
is well-versed in structuring informal workouts for troubled
companies, and she has also engaged in significant litigation
arising under the U.S. Bankruptcy Code.

Ms. McGee, who joins the firm as a staff attorney, focuses her
practice on litigation and commercial bankruptcy.  She has
experience in complex litigation involving securities, antitrust
and patent law.  She also has prior work experience with the U.S.
Small Business Administration in e-discovery and commercial real
estate.

"Our team has a respected reputation for assisting businesses with
every aspect of the restructuring process, and the breadth of these
attorneys' expertise will be a valuable asset to our clients," said
John P. Melko, head of the firm's Financial Restructuring and
Reorganization Practice.  "Their credentials complement our
practice and the quality of service we provide, and we are pleased
to welcome them to the firm."

Founded in 1909, Gardere Wynne Sewell LLP --
http://www.gardere.com/-- is an Am Law 200 firm and one of the
Southwest's largest full-service law firms -- with approximately
250 attorneys based in three of the largest cities in Texas, as
well as Colorado and Mexico, and covering more than 40 different
areas of practice.

Ranked annually in Chambers USA and U.S. News - Best Lawyers "Best
Law Firms," Gardere's nationally recognized Financial Restructuring
and Reorganization Practice Group helps businesses throughout the
U.S. and Latin America across numerous industries.  The team leads
financially challenged businesses through every aspect of financial
restructuring, reorganization or bankruptcy, and fights for the
rights of creditors involved in challenging business disputes and
insolvencies -- both in and out of the courtroom.


[*] Mackinac Partners Bags Two Turnaround & Restructuring Awards
----------------------------------------------------------------
Mackinac Partners, a financial advisory, turnaround and
restructuring firm, has been recognized with two Deal of the Year
Atlas Awards from the Global M&A Network, including Chapter 11
Restructuring of the Year ($500M to $1B) for its role as interim
C-level management and lead restructuring advisor to Logan's
Roadhouse(R) Inc., a casual dining steakhouse, and for Special
Situation M&A Deal of the Year ($5M to $25M) for the Quantum Fuel
Systems Technologies Chapter 11 Reorganization & Sale to Douglas
Acquisitions.

Mackinac Partners Senior Managing Director Nishant Machado, who
served as CRO and CFO for the Logan's Roadhouse restructuring and
CRO for Quantum Fuel Systems Technologies, was also recognized with
the Global M&A Network's Turnaround Consultant of the Year-Middle
Markets award.

The independently governed industry awards were presented at the
9th Annual Turnaround Atlas Awards Gala on April 4, 2017 at the
Metropolitan Club of New York across more than 50 restructuring and
M&A value creation categories, 15 outstanding firm categories, and
8 professional leadership categories.  The Chapter 11 Restructuring
of the Year Award ($250M-$1B) was presented to Mackinac Partners
and other professional and legal advisors on the Logan's Roadhouse
restructuring team, including Jefferies & Co. and Young Conaway
Stargatt & Taylor.

The Special Situation M&A Deal of the Year ($5M to $25M) for the
Quantum Fuel Systems Technologies Chapter 11 Reorganization and
Sale to Douglas Acquisitions was presented to Mackinac Partners and
Quantum's legal advisors on the transaction, Foley & Lardner. As
CRO, Mackinac Partners helped manage the debtor through the
bankruptcy process, streamlining activities, and administration of
the §363 sale to Douglas Acquisitions LLC.  The transaction
allowed Quantum to restructure its debt obligations, and through
new ownership, to provide the financial foundation for continuity
and enhancement of the business.

"It is very special to be recognized by your industry peers for
helping drive real value and transformation for your clients,"
Mackinac Partner's Managing Partner and Founder James Weissenborn
said.  "Congratulations to our co-recipients and team members on
the Logan's Roadhouse and Quantum Fuel Systems Technologies
engagements, and to Senior Managing Director Nishant Machado for
his well-earned recognition as 'Turnaround Consultant of the Year'
in leading both of these important restructuring engagements."

The Turnaround Atlas Awards are awarded annually in global forums
to recognize excellence and a "Gold Standard of Performance" among
professionals and firms from the global restructuring communities.
"Winners should take pride for effectuating successful
restructurings by demonstrating their creativity, patience and
professional talents," said Shanta Kumari, CEO and Global Group
Editor at Global M&A Network.  

For a full list of this year's recipients, please visit:
https://globalmanetwork.com/press-center/.

                     About Mackinac Partners

Mackinac Partners -- http://www.mackinacpartners.com/-- is a
financial advisory and turnaround management and restructuring firm
that helps clients address and resolve financial and operational
crises and pursue new growth opportunities.  Mackinac Partners
helps clients improve capital structures and financial performance,
overcome liquidity challenges and improve operations, support
litigation and investigations, enhance brand performance, improve
profitability, achieve new growth and increase stakeholder value
through an array of strategic, restructuring, M&A and financial
advisory services including:

Turnaround Management & Financial Restructuring
CRO and Interim Management
Strategic, Operational and M&A Services
Business Intelligence, Corporate Security and Cyber Security

                    About Global M&A Network

Global M&A Network -- https://globalmanetwork.com/ -- produces
world-class conferences and the Gold Standard of Performance, the
M&A ATLAS AWARDS(TM)(R) for mergers, acquisitions, turnaround and
alternative investor communities.  Group conferences are organized
to facilitate discussion, debate and direct inquiry of ideas by
enlisting eminent leaders and experts to share their business
building ideas, deal intelligence and strategies.  Success stems
from senior management's 40 plus years of collective experience
executing preeminent financial industry programs in America,
Europe, Asia, Australia, Latin America, Africa and Middle-East
regions.  Significantly, the senior team has worked for leading
Wall Street investment banking firms; media; conferences and
strategic consulting organizations.


[*] President Donald Trump to Enact Reforms Preventing Bailouts
---------------------------------------------------------------
Evan Weinberger, writing for Bankruptcy Law360, reports President
Donald Trump's proposed $4.1 trillion budget promises to generate
some $35 billion in savings by enacting "reforms that prevent
bailouts and reverse burdensome regulations that hinder financial
innovation and reduce access to credit for hardworking American
families."

According to Law360, the budget takes an ax to financial
regulations in its proposed cuts, including potentially eliminating
regulators' power to take apart a big bank and reshaping the
federal consumer finance watchdog.


[*] Ranks of Distressed Retailers Set to Keep Growing, Moody's Says
-------------------------------------------------------------------
The ranks of distressed retailers is set to keep growing over the
next 12 to 18 months amid a secular shift in the industry, says
Moody's Investors Service in a new report.

In February, among Moody's rated retail and apparel issuers,
nineteen retailers had ratings of Caa or lower. That number has
since grown to 22, or approximately 15%, of the firm's retail and
apparel universe. Debt rated at Caa, or below, is the lowest ranked
on Moody's credit rating spectrum.

"The majority of retailers remain fundamentally healthy," said
Moody's Lead Retail Analyst Charlie O'Shea, "But as select groups
of retailers continue to deteriorate -- in particular department
stores and specialty retailers -- Moody's believes the distressed
ranks will keep growing, fueled in part by distinct vulnerabilities
within the B2/B3 retail population."

The report, "US Retail and Apparel: B2/B3 Issuers Gain Spotlight As
Distressed Retail and Apparel Ranks Grow," provides an overview of
factors that impact companies at these rating levels.

Of Moody's 42 B2/B3 rated issuers (as of April 30, 2017), seven
face $1.1 billion of potential maturities for asset-based loans and
revolving credit facilities in 2018 -- elevating the risk of
default for already-stressed and distressed issuers should the
strong refinancing pace driving recent high-yield issuance recede.
Such a risk is underscored by Moody's US speculative-grade default
forecast, which predicts a decline in the overall US
speculative-grade default rate to 3% by April 2018 from 4.5%, even
as spec-grade retail and apparel default forecasts trend
significantly higher, at 6.7% and 6.8%, respectively.


[^] BOOK REVIEW: Oil Business in Latin America: The Early Years
---------------------------------------------------------------
Author:  John D. Wirth Ed.
Publisher:  Beard Books
Softcover:  282 pages
List price:  $34.95
Review by Gail Owens Hoelscher
Buy a copy for yourself and one for a colleague on-line at
http://is.gd/DvFouR

This book grew out of a 1981 meeting of the American Historical
Society. It highlights the origin and evolution of the state-
owned petroleum companies in Argentina, Mexico, Brazil, and
Venezuela.

Argentina was the first country ever to nationalize its
petroleum industry, and soon it was the norm worldwide, with the
notable exception of the United States. John Wirth calls this
phenomenon "perhaps in our century the oldest and most
celebrated of confrontations between powerful private entities
and the state."

The book consists of five case studies and a conclusion, as
follows:

     * Jersey Standard and the Politics of Latin American Oil
          Production, 1911-30 (Jonathan C. Brown)

     * YPF: The Formative Years of Latin America's Pioneer State
          Oil Company, 1922-39 (Carl E. Solberg)

     * Setting the Brazilian Agenda, 1936-39 (John Wirth)

     * Pemex: The Trajectory of National Oil Policy (Esperanza
          Duran)

     * The Politics of Energy in Venezuela (Edwin Lieuwen)

     * The State Companies: A Public Policy Perspective (Alfred
          H. Saulniers)

The authors assess the conditions at the time they were writing,
and relate them back to the critical formative years for each of
the companies under review. They also examine the four
interconnecting roles of a state-run oil industry and
distinguish them from those of a private company. First, is the
entrepreneurial role of control, management, and exploitation of
a nation's oil resources. Second, is production for the private
industrial sector at attractive prices. Third, is the
integration of plans for military, financial, and development
programs into the overall industrial policy planning process.
Finally, in some countries is the promotion of social
development by subsidizing energy for consumers and by promoting
the government's ideas of social and labor policy and labor
relations.

The author's approach is "conceptual and policy oriented rather
than narrative," but they provide a fascinating look at the
politics and development of the region. Mr. Brown provides a
concise history of the early years of the Standard Oil group and
the effects of its 1911 dissolution on its Latin American
operations, as well as power struggles with competitors and
governments that eventually nationalized most of its activities.
Mr. Solberg covers the many years of internal conflict over oil
policy in Argentina and YPF's lack of monopoly control over all
sectors of the oil industry. Mr. Wirth describes the politics
and individuals behind the privatization of Brazil's oil
industry leading to the creation of Petrobras in 1953. Mr. Duran
notes the wrangling between provinces and central government in
the evolution of Pemex, and in other Latin American countries.
Mr. Lieuwin discusses the mixed blessing that oil has proven for
Venezuela., creating a lopsided economy dependent on the ups and
downs of international markets. Mr. Saunders concludes that many
of the then-current problems of the state oil companies were
rooted in their early and checkered histories." Indeed, he says,
"the problems of the past have endured not because the public
petroleum companies behaved like the public enterprises they
are; they have endured because governments, as public owners,
have abdicated their responsibilities to the companies."

Jonh D. Wirth is Gildred Professor of Latin American Studies at
Standford University.



                            *********

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.

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S U B S C R I P T I O N   I N F O R M A T I O N

Troubled Company Reporter is a daily newsletter co-published
by Bankruptcy Creditors Service, Inc., Fairless Hills,
Pennsylvania, USA, and Beard Group, Inc., Washington, D.C., USA.  
Jhonas Dampog, Marites Claro, Joy Agravante, Rousel Elaine
Tumanda, Valerie Udtuhan, Howard C. Tolentino, Carmel Paderog,
Meriam Fernandez, Joel Anthony G. Lopez, Cecil R. Villacampa,
Sheryl Joy P. Olano, Psyche A. Castillon, Ivy B. Magdadaro, Carlo
Fernandez, Christopher G. Patalinghug, and Peter A. Chapman,
Editors.

Copyright 2017.  All rights reserved.  ISSN: 1520-9474.

This material is copyrighted and any commercial use, resale or
publication in any form (including e-mail forwarding, electronic
re-mailing and photocopying) is strictly prohibited without prior
written permission of the publishers.  Information contained
herein is obtained from sources believed to be reliable, but is
not guaranteed.

The TCR subscription rate is $975 for 6 months delivered via
e-mail.  Additional e-mail subscriptions for members of the same
firm for the term of the initial subscription or balance thereof
are $25 each.  For subscription information, contact Peter A.
Chapman at 215-945-7000 or Nina Novak at 202-362-8552.

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